XBRL Financial Statements Duly Authenticated As Per Section 134 (Including Board

WALKO QSR COMPANY PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2022 to 31/03/2023
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Corporate identity number U55204MH2013PTC245264
Permanent account number of entity AABCW4043P
701 B, CHURCHGATE
CHAMBERS, 5 NEW MARINE
Address of registered office of company LINES, MUMBAI Mumbai City
MH 400020 IN
Commercial and
Type of industry Industrial
Number of employees in the company at the end of the financial Year [pure] 623
Whether company has published sustainability report for the financial
No
Year
Date of board meeting when final accounts were approved 22/09/2023
Period covered by financial statements 12 12
Date of start of reporting period 01/04/2022 01/04/2021
Date of end of reporting period 31/03/2023 31/03/2022
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Lakhs
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other
Yes
relevant books and papers in electronic form
701 B, CHURCHGATE
Complete postal address of place of maintenance of computer CHAMBERS, 5 NEW MARINE
servers (storing accounting data) LINES, MUMBAI Mumbai City
MH 400020 IN
Name of city of place of maintenance of computer servers (storing
Mumbai
accounting data)
Name of state/ union territory of place of maintenance of
Maharashtra
computer servers (storing accounting data)
Pin code of place of maintenance of computer servers (storing
400020
accounting data)
Name of district of place of maintenance of computer servers
Mumbai City
(storing accounting data)
ISO country code of place of maintenance of computer servers
IN
Name of country of place of maintenance of computer servers
India
Phone (with STD/ ISD code) of place of maintenance of computer
09972265352
servers (storing accounting data)
WALKO QSR COMPANY PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] PPS1
01/04/2022
to
31/03/2023
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 9963
Accomodation Food
Description of product or service category and Beverage
Services
Turnover of product or service category 16,997.87
Highest turnover contributing product or service (ITC 8 digit) code 99633992
Description of product or service Ice-Cream Parlours
Turnover of highest contributing product or service 16,997.87
[400400] Disclosures - Directors report
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] DSBR1 DSBR2
01/04/2022 01/04/2022
to to
31/03/2023 31/03/2023
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 JEETENDRA SANJIV
Middle name of director KAILASH INDAR
Last name of director BHANDARI SHAH
Designation of director DIRECTOR DIRECTOR
Director identification number of director 03440090 03113797
Date of signing board report 22/09/2023 22/09/2023
2

01/04/2022
to
31/03/2023
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair [See below]
The Company has not
transferred any amount
Disclosure relating to amounts if any which is proposed to carry to any
to general reserves
reserves during the financial year
under review.
For FY 2022-23, the Board
has recommended NIL
dividend per share on the
Disclosures relating to amount recommended to be paid as dividend ordinary shares of the
Company due to
conservation of profits.
Details regarding energy conservation [See below]
Details regarding technology absorption [See below]
Details regarding foreign exchange earnings and outgo [See below]
Disclosures in director’s responsibility statement [See below]
Details of material changes and commitment occurred during period Textual information (7)
affecting financial position of company [See below]
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (9)
188(1) [TextBlock] [See below]
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
Date of board of directors' meeting in which board's report referred
22/09/2023
to under section 134 was approved
The Company
doesn’t have any
Disclosure of extract of annual return as provided under section 92(3) website. Therefore,
[TextBlock] there is no need for the
publication of Annual
Return.
Disclosure of statement on declaration given by independent directors
Not Applicable
under section 149(6) [TextBlock]
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters Not Applicable
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk Textual information (10)
management policy [TextBlock] [See below]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Disclosure of financial summary or highlights [TextBlock] [See below]
There has been no change
in the nature of business
Disclosure of change in nature of business [TextBlock] of the Company during the
financial year under
review.
Two directors resigned
Details of directors or key managerial personnels who were
w.e.f. 01st January,
appointed or have resigned during year [TextBlock] 2023.
No companies have ceased
Disclosure of companies which have become or ceased to be its to be its subsidiaries,
subsidiaries, joint ventures or associate companies during joint ventures or
year [TextBlock] associates companies
during year.
3
During the year under

review, the Company has
not accepted any deposits
Details relating to deposits covered under chapter v of companies act
attracting the
[TextBlock] provisions of Chapter V
of the Companies Act, 2013
and the rules there under.
During the year under
review, the Company has
not accepted any deposits
Details of deposits which are not in compliance with requirements
attracting the
of chapter v of act [TextBlock] provisions of Chapter V
of the Companies Act, 2013
and the rules there under.
No significant and
material order has been
Details of significant and material orders passed by passed by the regulators
or courts or tribunals
regulators or courts or tribunals impacting going concern impacting the going
status and company’s operations in future [TextBlock] concern status and
Company’s
operations in future.
Details regarding adequacy of internal financial controls with Textual information (13)
reference to financial statements [TextBlock] [See below]
Disclosure of appointment and remuneration of managerial personnels Textual information (14)
[TextBlock] [See below]
Number of meetings of board [pure] 5
4
Disclosure in board of directors report explanatory [Text Block]

Dear Members,
The Board of Directors (“Board”) hereby submits the Tenth (10th) annual report on performance of Walko QSR Company Private Limited (“the
Company”) together with the audited financial statements for the financial year ended on March 31, 2023.
1. Financial Results (INR Lakhs)
Year ended Year ended
March 31 2023 March 31 2023
Revenue from Operations 17,041.38 12,869.76
Other Income 21.74 31.29
(Loss) / profit before Depreciation, Finance Costs, Exceptional items and Tax Expense (1,097.64) 1,132.90
Less: Depreciation/ Amortisation/ Impairment 261.93 191.61
(Loss) / profit before Finance Costs, Exceptional items and Tax Expense (1,359.57) 941.29
Less: Finance Costs 245.53 214.62
(Loss) / profit before Exceptional items and Tax Expense (1,605.10) 726.67
Less: Exceptional items 1,032.56 654.49
(Loss) / profit before Tax Expense (2,637.66) 72.18
Less: Tax Expense (Current and Deferred) 18.18 (14.12)
(Loss) / profit for the year (1) (2,655.84) 86.30
Balance of profit /loss for earlier years (2) (573.60) (659.90)
Total (1+2) (3,229.44) (573.60)
5
Less: Transfer to Debenture Redemption Reserve - -
Less: Transfer to Reserves - -
Less: Dividend paid on Equity Shares - -
Less: Dividend paid on Preference Shares - -
Less: Dividend Distribution Tax - -
Balance carried forward (3,229.44) (573.60)
2. Dividend
For FY 2022-23, the Board has recommended NIL dividend per share on the ordinary shares of the Company due to conservation of profits.
3. State of Company’s affairs
During the financial year under review, the total revenue of the Company increased to INR 17,041.38 lakhs in FY 2022-23 from INR 12,897.11
lakhs in FY 2021-22. The Company incurred a net loss after tax of INR 2,655.84 lakhs in the current year as compared to net profit after tax of
INR 86.31 lakhs in the previous year.
4. Change in nature of business
There has been no change in the nature of business of the Company during the financial year under review.
5. Transfer to Reserves
The Company has not transferred any amount to general reserves during the financial year under review.
6. Transfer to Investor Education and Protection Fund
The Company was not required to transfer any funds to the investor education and protection fund as per the provisions of Section 125 of the Act
during the financial year under review.
7. Merger Process with the Parent Company
6
During the year, the application for merger of your Company with Walko Food Company Pvt. Ltd. has been filed with NCLT. We are now
awaiting approval for completion of the process.
8. Capital Structure
i. Authorised share capital
The Company has increased the authorised share capital of the Company during the financial year under review.
ii. Issued, subscribed and paid up share capital
During the year under review, the Company has not issued shares with differential voting rights nor granted stock options nor sweat equity nor
any voting rights are exercised by employees indirectly in respect of shares to which the scheme relates.
8. Board meetings and general meetings
During the financial year under review, the Board met 5 (five) times. The maximum interval between any two meetings of the Board did not
exceed 120 days. The Board met on the under mentioned dates:
Name of Director May 02, 2022 June 21, 2022 September 7, 2022 December 14, 2022 March 04, 2023
Mr. Jeetendra Bhandari a a a a a
Mr. Sanjiv Indar Shah a a a a a
Mr. Neeraj Garg a a r r r
Mr. Rajendra Bhandari a a a a Resigned
Mr. Virendra Bhandari a a r r Resigned
The Annual General Meeting for the financial year 2021-22 was held on September 26, 2022 and Extra-Ordinary General Meeting was held on
March 06, 2023 during the financial year 2022-2023.
9. Corporate Social Responsibility (CSR)
Since your company does not exceed any of the threshold limits specified under section 135 of the Companies Act, 2013, it is not required to
spend any amount on account of Corporate Social Responsibility under the said act during the financial year under review.
7
10. Vigil Mechanism and Whistle Blower Policy
The Company has in place vigil mechanism and whistle blower policy and has established the necessary procedures for directors and employees
to report concerns about unethical behavior and also provides for direct access to the Committee in exceptional cases.
During the financial year under review, NIL complaints were reported.
11. Risk Management
Risk Management at Walko QSR forms an integral part of management focus.
The Risk Management Policy of the Company, which is approved by the Board, provides the framework of Enterprise Risk Management
(‘ERM’) by describing mechanisms for the proactive identification and prioritization of risks based on the scanning of the external environment
and continuous monitoring of internal risk factors. The ERM framework identifies, evaluates, manages and reports risks arising from the
Company’s operations and exogenous factors.
The Company has deployed bottom-up and top-down approaches to drive enterprise-wide risk management. The bottom-up process includes
identification and regular assessment of risks by the respective business units and implementation of mitigation strategies. This is complemented
by a top-down approach where Senior Leadership Team identifies and assesses long-term, strategic and macro risks for the Company.
12. Corporate Governance and Compliance
The Company follows the best governance practices to boost long-term shareholder value and respect minority rights. The Company considers the
same as its inherent responsibility to disclose timely and accurate information to its stakeholders regarding its operations and performance, as well
as the leadership and governance of the Company. The Company’s overall governance framework, systems and processes reflect and support its
Mission, Vision and Values.
13. Auditors and auditors’ reports
A. Statutory auditor
The Board recommends the appointment of M/s. Price Waterhouse Chartered Accountants LLP (FRN: 012754N/N500016), as statutory auditors
of the Company to hold office for a period of 4 consecutive years commencing from the conclusion of ensuing Annual General Meeting till the
conclusion of the Company’s Annual General Meeting to be held for the financial year ended March 31, 2027.
M/s. Price Waterhouse Chartered Accountants LLP, Statutory Auditors have confirmed that:
8
a. their appointment is within the limit prescribed under the Section 141 of the Act
b. they are not disqualified from continuing as Statutory Auditors under the Section 141 of the Act and
c. they hold a valid certificate issued by the peer review board of the Institute of Chartered Accountants of India.
The Statutory Auditors have given an unmodified opinion on the audited financial statements of the Company for the financial year ended on
March 31, 2023, which forms part of this annual report. The Statutory Auditors have not given any qualification or reservation or adverse remark
or disclaimer in its report.
B. Secretarial audit
The provisions of section 204 with regard to Secretarial Audit report are not applicable to the Company.
14. Internal Financial Controls
Internal financial controls are an integral part of the risk and governance framework of the Company that address financial and operational risks
impacting the organisation. The internal financial controls have been documented, automated wherever possible and embedded in the respective
business processes. Assurance to the Board on the effectiveness of internal financial controls is obtained through 3 lines of defense which include:
a) Management reviews and self-assessment; b) Continuous controls monitoring by the Governance, Risk and Compliance Function and c)
Independent design and operational testing by the Statutory Auditor. Based on the framework of internal financial controls for financial reporting
and compliance systems established and maintained by the Company, work performed by the statutory auditor and the reviews performed by the
management, the Company is of the opinion that the internal financial controls were adequate and effective during the financial year under
review.
15. Particular of Employees
The Company’s employees have always been one of the key stakeholders. We are committed to hiring and retaining the best talent. We focus on
promoting a collaborative, transparent and participative organization culture and rewarding merit and sustained high performance.
Disclosure with respect to the remuneration of directors and employees pursuant to Section 197 read with Rule 5 of The Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, are not applicable to the Company being a private limited company and as no employee
has drawn any remuneration above the limits specified in Rule 5 (2) of Chapter XIII of Companies Act, 2013.
16. Disclosure regarding Employee Stock Option Plans
During the financial year under review, the Company had formulated Walko Employee Stock Option Scheme 2022 - Plan 3 (“ESOP 2022 - Plan
3”) pursuant to the resolution passed by the shareholders on June 25, 2022 read with the special resolution passed by the members of the
Company at the Extraordinary General Meeting of the Company held on June 28, 2022.
9
As on financial year ended on March 31, 2023, the Company has two Employee’s Stock Option Plans namely i) Walko Employee Stock Option
Scheme 2021 - Plan 2 (“ESOP 2021 - Plan 2”) and ii) Walko Employee Stock Option Scheme 2022 - Plan 3 (“ESOP 2022 - Plan 3”).
In accordance with the terms of the aforesaid schemes, options may be granted to employees of the Company and subsidiaries which gives them
rights to receive equity shares of the Company having face value of INR 10 (Indian rupee Ten) each on vesting. Further, details for employee
stock options plans of the Company also form part of the notes to accounts of the financial statements.
17. Prevention of Sexual Harassment
The Company has adopted zero tolerance for sexual harassment at the workplace and has formulated a policy on prevention, prohibition, and
redressal of sexual harassment (“POSH”) at the workplace in line with the requirements of the Sexual Harassment of Women at the Workplace
(Prevention, Prohibition & Redressal) Act, 2013.
Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. All employees (permanent,
contractual, temporary, trainees) are covered under this policy.
The summary of POSH training and initiatives taken during the financial year under review is given below:
· Annual training of all the ICC members
· Periodic communication on the POSH policy to employees via messaging, emails and posters; and
· Mandatory session on POSH for all new joiners.
The following is a summary of sexual harassment complaints received and disposed of during the year:
(a) Number of complaints pending at the beginning of the year - NIL
(b) Number of complaints received during the year - NIL
(c) Number of complaints disposed off during the year - NIL
(d) Number of cases pending at the end of the year - NIL
18. Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo
As required under Section 134(1)(m) of the Companies Act, 2013 and Rules made thereunder, details relating to Conservation of Energy,
Technology Absorption and Foreign Exchange Earnings and Outgo are as under:
10
i) Conservation of Energy
In order to reduce the cost of production, save consumption of energy and increase the productivity, the Company has taken several measures
during the financial year under review. The Company is committed towards conservation of energy and every effort is made to ensure that energy
efficient equipment is used to avoid wastage and conserve energy, as far as possible.
ii) Technology Absorption
The Company believes in leveraging technology to transform every dimension of its business. Investments in technology infrastructure is an
important element of the Company’s commitment to delivering a seamless customer experience.
iii) Foreign Exchange earnings and outgo INR in Lakhs
Foreign exchange earned NIL
Foreign exchange outgo 85.58
19. General Disclosures
i) Details in respect of frauds reported by auditors
During the financial year under review, auditors have not reported any instances of fraud committed in the Company by its officers or employees
to the audit committee under section 143 of the Act.
ii) Requirements for maintenance of cost records
During the financial year under review, the requirement for maintenance of cost records as specified by Central Government under Section 148 of
the Act is not applicable on the Company.
iii) Annual return
The Company doesn’t have any website. Therefore, there is no need for the publication of Annual Return.
iv) Material changes and commitments, if any
11
During the Financial Year 2022-23, the Company’s business expanded tremendously during the financial year. The Company has increased its
manufacturing capacity by setting up additional machines in its existing plant in Pune. As a result of these developments the Company is set to
grow further in the years to come.
v) Details of significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and Company’s
operations in future
No significant and material order has been passed by the regulators or courts or tribunals impacting the going concern status and Company’s
operations in future.
vi) Transactions with related parties
All related party transactions that were entered into during the financial year ended March 31, 2023 were on an arm’s length basis and in the
ordinary course of business. Therefore, the provisions of Section 188 of the Companies Act, 2013 were not attracted. Further, there are no
materially significant related party transactions during the year under review made by the Company with Promoters, Directors, or other
designated persons which may have a potential conflict with the interest of the Company at large. Thus, disclosure in Form AOC-2 is not
required. However, the disclosure of transactions with related parties for the year, as per Accounting Standard -18 Related Party Disclosures is
given in Note no. 31 to the Balance Sheet as on March 31, 2023.
vii) Deposits from Public
During the year under review, the Company has not accepted any deposits attracting the provisions of Chapter V of the Companies Act, 2013 and
the rules there under.
vii) Particulars of Loans, Guarantees and Investments
Details of loans and advances given, investments made or guarantees given or security provided as per the provisions of Section 186 of the
Companies Act, 2013 are given in the notes forming part of the financial statements.
viii) Compliance with secretarial standards
During the financial year under review, the Company has complied with the applicable provisions of the secretarial standards issued by the
Institute of Company Secretaries of India.
ix) Revision of financial statements and Board Report
There was no revision of financial statements and Board Report of the Company during the financial year under review.
12
20) Directors’ responsibility statement
In accordance with the provisions of Section 134 of the Act, directors to the best of their knowledge and belief confirm and state that:
a) In the preparation of the annual accounts for the financial year ended on March 31, 2023, the applicable accounting standards have been
followed along with proper explanation relating to material departures.
b) The directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year March 31, 2023, and of the profit of
the Company for that period.
c) The directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the
Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.
d) The directors have prepared the annual accounts on a going concern basis.
e) The directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate
and were operating effectively; and
f) The directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate
and operating effectively.
21. Other disclosures
On October 21, 2022, the Company was served with an ex-parte injunction order passed by Hon’ble Delhi High Court in a lawsuit filed by a
competitor alleging infringement and/or passing off of Intellectual Property by the Company. According to the legal advice, the Company has a
strong case on merits and the verdict is likely to be in favour of the Company. On November 25, 2022, the Court vacated the injunction upon
mutual consent of the parties. The operations had to be shut down for interim days resulting in loss of sale and operating losses.
22. Acknowledgements
The Board would gratefully acknowledge all stakeholders of the Company viz. customers, members, dealers, vendors, banks and other business
partners for the excellent support received from them during the financial year under review. The Directors place on record their sincere
appreciation to all employees of the Company for their unstinted commitment and continued contribution to the Company.
For and on behalf of the Board
WALKO QSR COMPANY PRIVATE LIMITED
13
JEETENDRA BHANDARI SANJIV INDAR SHAH
DIN: 03440090 DIN: 03113797
DIRECTOR DIRECTOR
Date:22nd September 2023
Description of state of companies affair

During the financial year under review, the total revenue of the Company increased to INR 17,041.38 lakhs in FY 2022-23 from INR 12,897.11
lakhs in FY 2021-22. The Company incurred a net loss after tax of INR 2,655.84 lakhs in the current year as compared to net profit after tax of
INR 86.31 lakhs in the previous year.
Details regarding energy conservation

Conservation of Energy
In order to reduce the cost of production, save consumption of energy and increase the productivity, the Company has taken several measures
during the financial year under review. The Company is committed towards conservation of energy and every effort is made to ensure that energy
efficient equipment is used to avoid wastage and conserve energy, as far as possible.
Details regarding technology absorption

Technology Absorption
The Company believes in leveraging technology to transform every dimension of its business. Investments in technology infrastructure is an
important element of the Company’s commitment to delivering a seamless customer experience.
Details regarding foreign exchange earnings and outgo

Foreign Exchange earnings and outgo INR in Lakhs
Foreign exchange earned NIL
Foreign exchange outgo 85.58
14
Disclosures in director’s responsibility statement

In accordance with the provisions of Section 134 of the Act, directors to the best of their knowledge and belief confirm and state that:
a) In the preparation of the annual accounts for the financial year ended on March 31, 2023, the applicable accounting standards have been
followed along with proper explanation relating to material departures.
b) The directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year March 31, 2023, and of the profit of
the Company for that period.
c) The directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the
Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.
d) The directors have prepared the annual accounts on a going concern basis.
e) The directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate
and were operating effectively; and
f) The directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate
and operating effectively.
Details of material changes and commitment occurred during period affecting financial position of company
During the Financial Year 2022-23, the Company’s business expanded tremendously during the financial year. The Company has increased its
manufacturing capacity by setting up additional machines in its existing plant in Pune. As a result of these developments the Company is set to
grow further in the years to come.
Particulars of loans guarantee investment under section 186 [Text Block]

Details of loans and advances given, investments made or guarantees given or security provided as per the provisions of Section 186 of the
Companies Act, 2013 are given in the notes forming part of the financial statements.
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
All related party transactions that were entered into during the financial year ended March 31, 2023 were on an arm’s length basis and in the
ordinary course of business. Therefore, the provisions of Section 188 of the Companies Act, 2013 were not attracted. Further, there are no
materially significant related party transactions during the year under review made by the Company with Promoters, Directors, or other
designated persons which may have a potential conflict with the interest of the Company at large. Thus, disclosure in Form AOC-2 is not
required. However, the disclosure of transactions with related parties for the year, as per Accounting Standard -18 Related Party Disclosures is
given in Note no. 31 to the Balance Sheet as on March 31, 2023.
15
Disclosure of statement on development and implementation of risk management policy [Text Block]
Risk Management at Walko QSR forms an integral part of management focus.
The Risk Management Policy of the Company, which is approved by the Board, provides the framework of Enterprise Risk Management
(‘ERM’) by describing mechanisms for the proactive identification and prioritization of risks based on the scanning of the external environment
and continuous monitoring of internal risk factors. The ERM framework identifies, evaluates, manages and reports risks arising from the
Company’s operations and exogenous factors.
The Company has deployed bottom-up and top-down approaches to drive enterprise-wide risk management. The bottom-up process includes
identification and regular assessment of risks by the respective business units and implementation of mitigation strategies. This is complemented
by a top-down approach where Senior Leadership Team identifies and assesses long-term, strategic and macro risks for the Company.
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
Since your company does not exceed any of the threshold limits specified under section 135 of the Companies Act, 2013, it is not required to
spend any amount on account of Corporate Social Responsibility under the said act during the financial year under review.
16
Disclosure of financial summary or highlights [Text Block]

Financial Results (INR Lakhs)
Year ended Year ended
March 31 2023 March 31 2023
Revenue from Operations 17,041.38 12,869.76
Other Income 21.74 31.29
(Loss) / profit before Depreciation, Finance Costs, Exceptional items and Tax Expense (1,097.64) 1,132.90
Less: Depreciation/ Amortisation/ Impairment 261.93 191.61
(Loss) / profit before Finance Costs, Exceptional items and Tax Expense (1,359.57) 941.29
Less: Finance Costs 245.53 214.62
(Loss) / profit before Exceptional items and Tax Expense (1,605.10) 726.67
Less: Exceptional items 1,032.56 654.49
(Loss) / profit before Tax Expense (2,637.66) 72.18
Less: Tax Expense (Current and Deferred) 18.18 (14.12)
(Loss) / profit for the year (1) (2,655.84) 86.30
Balance of profit /loss for earlier years (2) (573.60) (659.90)
Total (1+2) (3,229.44) (573.60)
Less: Transfer to Debenture Redemption Reserve - -
Less: Transfer to Reserves - -
Less: Dividend paid on Equity Shares - -
Less: Dividend paid on Preference Shares - -
17
Less: Dividend Distribution Tax - -
Balance carried forward (3,229.44) (573.60)
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
Internal financial controls are an integral part of the risk and governance framework of the Company that address financial and operational risks
impacting the organisation. The internal financial controls have been documented, automated wherever possible and embedded in the respective
business processes. Assurance to the Board on the effectiveness of internal financial controls is obtained through 3 lines of defense which include:
a) Management reviews and self-assessment; b) Continuous controls monitoring by the Governance, Risk and Compliance Function and c)
Independent design and operational testing by the Statutory Auditor. Based on the framework of internal financial controls for financial reporting
and compliance systems established and maintained by the Company, work performed by the statutory auditor and the reviews performed by the
management, the Company is of the opinion that the internal financial controls were adequate and effective during the financial year under
review.
Disclosure of appointment and remuneration of managerial personnels [Text Block]

Disclosure with respect to the remuneration of directors and employees pursuant to Section 197 read with Rule 5 of The Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, are not applicable to the Company being a private limited company and as no employee
has drawn any remuneration above the limits specified in Rule 5 (2) of Chapter XIII of Companies Act, 2013.
[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] Aud1
01/04/2022
to
31/03/2023
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Price Waterhouse
Name of audit firm Chartered
Accountants LLP
VIVIAN RAVI
Name of auditor signing report PILLAI
Firms registration number of audit firm 012754N/N500016
Membership number of auditor 127791
7TH FLOOR,
TOWER A, WING
1, BUSINESS BAY,
Address of auditors AIRPORT ROAD,
YERWADA, PUNE
Maharashtra - 411
006.
Permanent account number of auditor or auditor's firm AAFFP3698A
SRN of form ADT-1 F42755199
Date of signing audit report by auditors 22/09/2023
Date of signing of balance sheet by auditors 22/09/2023
18
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]
01/04/2022 01/04/2022
to to
31/03/2023 31/03/2023
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
Disclosure in auditors report relating to inventories Favourable
Disclosure in auditors report relating to loans Not Applicable
Disclosure in auditors report relating to compliance with Section 185 and 186 of
Not Applicable
Companies Act, 2013
Disclosure in auditors report relating to deposits accepted Favourable
Disclosure in auditors report relating to maintenance of cost records Not Appicable
Disclosure in auditors report relating to statutory dues [TextBlock] Favourable
Disclosure in auditors report relating to default in repayment of financial dues Not Applicable
Disclosure in auditors report relating to public offer and term loans used for
Not Applicable
purpose for which those were raised
Disclosure in auditors report relating to fraud by the company or on the
Favourable
company by its officers or its employees reported during period
Disclosure in auditors report relating to managerial remuneration Favourable
Disclosure in auditors report relating to Nidhi Company Not Applicable
Disclosure in auditors report relating to transactions with related parties Not Applicable
Disclosure in auditors report relating to preferential allotment or private
Not Applicable
placement of shares or convertible debentures
Disclosure in auditors report relating to non-cash transactions with directors
Favourable
or persons connected with him
Disclosure in auditors report relating to registration under section 45-IA of
Not Applicable
Reserve Bank of India Act, 1934

01/04/2022
to
31/03/2023
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
19
Disclosure in auditor’s report explanatory [Text Block]

Independent Auditor’s Report
To the Members of Walko QSR Company Private Limited Report on the Audit of the Financial Statements
Opinion
1. We have audited the accompanying financial statements of Walko QSR Company Private Limited (“the Company”), which comprise the
Balance Sheet as at March 31, 2023, and the Statement of Profit and Loss and the Statement of Cash Flows for the year then ended, and notes to
the financial statements, including a summary of significant accounting policies and other explanatory information.
2. 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
accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2023, and loss, and its cash flows for the
year then ended.
Basis for Opinion
3. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act. Our responsibilities
under those Standards are further described in the “Auditor’s Responsibilities for the Audit of the Financial Statements” section of our report. We
are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the
ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we
have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence
we have obtained is sufficient and appropriate to provide a basis for our opinion.
Other Information
4. The Company’s Board of Directors is responsible for the other information. The other information comprises the information included in the
Board report but does not include the financial statements and our auditor’s report thereon. The Board report is expected to be made available to
us after the date of this auditor's report
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether 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, 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. When we read the Board report, if we conclude that there is a material misstatement therein, we are
required to communicate the matter to those charged with governance and take appropriate action as applicable under the relevant laws and
regulations.
Responsibilities of management and those charged with governance for the financial statements
5. The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Act with respect to the preparation of these
financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance
with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act. This
responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the
20
assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting
policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal
21
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.
6. In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern,
disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to
liquidate the Company or to cease operations, or has no realistic alternative but to do so. Those Board of Directors are also responsible for
overseeing the Company’s financial reporting process.
Auditor’s responsibilities for the audit of the financial statements
7. 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 financial statements.
8. As part of an audit in accordance with SAs, we exercise professional judgement and maintain professional scepticism throughout the audit.
We also:
â?? Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit
procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control.
â?? Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the
circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate
internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
â?? Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by
management.
â?? 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 the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit
evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a
going concern.
â?? 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.
9. 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.
Other Matter
10.The financial statements of the Company for the year ended March 31, 2022, were audited by another firm of chartered accountants under the
Act who, vide their report dated September 07, 2022, expressed an unmodified opinion on those financial statements.
Report on other legal and regulatory requirements
11. As required by the Companies (Auditor’s Report) Order, 2020 (“the Order”), issued by the Central Government of India in terms of
sub-section (11) of Section 143 of the Act, we give in the Annexure B a statement on the matters specified in paragraphs 3 and 4 of the Order, to
the extent applicable.
22
12. As required by Section 143(3) of the Act, we report that:
(a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit.
(b) In our opinion, proper books of account as required by law relating to preparation of the aforesaid financial statements have been kept so far
as it appears from our examination of those books and the reports of the other auditors.
(c) The Balance Sheet, the Statement of Profit and Loss and the Statement of Cash Flows 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.
(e) On the basis of the written representations received from the directors as on March 31, 2023, taken on record by the Board of Directors, none
of the directors is disqualified as on March 31, 2023, 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 with reference to financial statements of the Company and the operating
effectiveness of such controls, refer to our separate Report in “Annexure A”.
(g) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014 (as amended), in our opinion and to the best of our information and according to the explanations given to us:
i. The Company has disclosed the impact of pending litigations on its financial position in its financial statements - Refer Note
27 to the 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 were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company
during the year ended March 31, 2023.
iv. (a) The management has represented that, to the best of its knowledge and belief, no funds have
been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or
in any other person(s) or entity(ies), including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or
otherwise, that the Intermediary shall, whether, directly or indirectly, lend or invest in other persons or entities identified in any manner
whatsoever by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries;
(b) The management has represented that, to the best of its knowledge and belief, no funds have been received by the Company from any
person(s) or entity(ies), including foreign entities (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the
Company shall, whether, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of
the Funding Party (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries; and
(c) Based on such audit procedures that we considered reasonable and appropriate in the circumstances, nothing has come to our notice that has
caused us to believe that the representations under sub-clause (a) and (b) contain any material misstatement.
v. The Company has not declared or paid any dividend during the year.
vi. As proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 (as amended), which provides for maintaining books of
account in accounting software having a feature of recording audit trail of each and every transaction, creating an edit log of each change made in
23
books of account along with the date when such changes were made and ensuring that the audit trail cannot be disabled, is applicable to the
Company only with effect from financial year beginning April 1, 2023, the reporting under clause (g) of Rule 11 of the Companies (Audit and
Auditors) Rules, 2014 (as amended), is currently not applicable.
13. The provisions of Section 197 read with Schedule V to the Act are applicable only to public companies. Accordingly, reporting under
Section 197(16) of the Act is not applicable to the Company.
For Price Waterhouse Chartered Accountants LLP
Firm Registration Number: 012754N/N500016
Vivian Pillai
Partner
Membership Number: 127791
UDIN:
Date:
Place: Pune
Report on the Internal Financial Controls with reference to Financial Statements under clause (i) of sub-section 3 of Section 143 of the Act
1. We have audited the internal financial controls with reference to financial statements of Walko QSR Company Private Limited (“the
Company”) as of March 31, 2023 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
2. The Company’s management 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 (“the Guidance Note”) 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 Act.
Auditor’s Responsibility
3. Our responsibility is to express an opinion on the Company's internal financial controls with reference to financial statements based on our
audit. We conducted our audit in accordance with the Guidance Note and the Standards on Auditing deemed to be prescribed under Section
143(10) of the Act to the extent applicable to an audit of internal financial controls, both applicable to an audit of internal financial controls and
both issued by the ICAI. 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 with reference to financial statements was established and
maintained and if such controls operated effectively in all material respects.
4. Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system with
reference to financial statements and their operating effectiveness. Our audit of internal financial controls with reference to financial statements
included obtaining an understanding of internal financial controls with reference to financial statements, assessing the risk that a material
24
weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures
selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether
due to fraud or error.
5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s
internal financial controls system with reference to financial statements.
Meaning of Internal Financial Controls with reference to financial statements
6. A company's internal financial controls with reference to financial statements is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally
accepted accounting principles. A company's internal financial controls with reference to financial statements includes those policies and
procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of
the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in
accordance with authorisations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely
detection of unauthorised acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.
Inherent Limitations of Internal Financial Controls with reference to financial statements
7. Because of the inherent limitations of internal financial controls with reference to financial statements, 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 with reference to financial statements to future periods are subject to the risk that the internal
financial controls with reference to financial statements may become inadequate because of changes in conditions, or that the degree of
compliance with the policies or procedures may deteriorate.
Opinion
8. In our opinion, the Company has, in all material respects, an adequate internal financial controls system with reference to financial
statements and such internal financial controls with reference to financial statements were operating effectively as at March 31, 2023, 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 issued by ICAI.
Vivian Pillai
Partner
UDIN:
Date:
Place: Pune
The Company is maintaining proper records showing full particulars, including quantitative details and situation, of Property, Plant
25
i. (a) (A) and Equipment.
(B) The Company is maintaining proper records showing full particulars of Intangible Assets.
The Property, Plant and Equipment are physically verified by the Management according to a phased programme designed to cover
all the items over a period of 3 years which, in our opinion, is reasonable having regard to the size of the Company and the nature of
its assets. However, no physical verification was carried out by the Management during the year. Accordingly, the discrepancies, if
(b) any, could not be ascertained and therefore, we are unable to comment on whether the discrepancies, if any, have been properly
dealt with in the books of account.
According to the information and explanations given to us and the records of the Company examined by us, the Company does not
own any immovable properties. (Refer Note 10 to the financial statements). Therefore, the provisions of clause 3(i)(c) of the Order
(c) are not applicable to the Company.
The Company has chosen cost model for its Property, Plant and Equipment (including Right of Use assets) and intangible assets.
Consequently, the question of our commenting on whether the revaluation is based on the valuation by a Registered Valuer, or
(d)
specifying the amount of change, if the change is 10% or more in the aggregate of the net carrying value of each class of Property,
Plant and Equipment (including Right of Use assets) or intangible assets does not arise.
Based on the information and explanations furnished to us, no proceedings have been initiated on (or) are pending against the
Company for holding benami property under the Prohibition of Benami Property Transactions Act, 1988 (as amended in 2016)
(formerly the Benami Transactions (Prohibition) Act, 1988 (45 of 1988)) and Rules made thereunder, and therefore the question of
(e)
our commenting on whether the Company has appropriately disclosed the details in its financial statements does not arise.
The physical verification of inventory excluding stocks with third parties has been conducted at reasonable intervals by the
Management during the year and, in our opinion, the coverage and procedure of such verification by Management is appropriate. In
respect of inventory lying with third parties, these have substantially been confirmed by them. The discrepancies noticed on
ii. (a)
physical verification of inventory as compared to book records were not 10% or more in aggregate for each class of inventory.
During the year, the Company has not been sanctioned working capital limits in excess of Rs. 5 crores, in aggregate from banks and
(b) financial institutions on the basis of security of current assets and accordingly, the question of our commenting on whether the
quarterly returns or statements are in agreement with the unaudited books of account of the Company does not arise.
There were no loans/advances in nature of loans which were granted during the year, including to promoters/related parties,
accordingly, reporting under clause iii (a), (b), (c), (d), (e) and (f) of the Order are not applicable to the Company.
iii.
The Company has not granted any loans or made any investments or provided any guarantees or security to the parties covered
iv.
under Sections 185 and 186. Therefore, the reporting under clause 3(iv) of the Order are not applicable to the Company.
The Company has not accepted any deposits or amounts which are deemed to be deposits referred in Sections 73, 74, 75 and 76 of
the Act and the Rules framed there under to the extent notified.
26
v.
The Central Government of India has not specified the maintenance of cost records under sub-section (1) of Section 148 of the Act
for any of the products of the Company.
vi.
According to the information and explanations given to us and the records of the Company examined by us, in our opinion, except
for dues in respect of provident fund , labour welfare fund and employees’ state insurance the Company is regular in depositing
undisputed statutory dues, including income tax, sales tax, service tax, duty of customs, duty of excise , value added tax, cess,
goods and services tax and other material statutory dues, as applicable, with the appropriate authorities.
The extent of the arrears of statutory dues outstanding as at March 31, 2023, for a period of more than six months from the date they
became payable are as follows:
Amount
Period to which the Date of Remarks,
Name of the statute Nature of dues Due date
(Rs. In amount relates Payment if any
lakhs)
vii. (a)
Maharashtra Labour Labour Welfare

0.09 January 2022-June 2022 15 July 2022 15 July 2023
Welfare Act, 1952 Fund
Maharashtra Labour Labour Welfare July -2022 to December

0.08 15 January 2023 15 July 2023
Welfare Act, 1952 Fund 2022
Income Tax Dues April 2022 to March 7th of Succedding 20 September

Income Tax Act, 1961 251.91
(TDS) 2023 month 2023
According to the information and explanations given to us and the records of the Company examined by us, there are no statutory
dues referred to in sub-clause (a) which have not been deposited on account of any dispute.
(b)
According to the information and explanations given to us and the records of the Company examined by us, there are no
transactions in the books of account that has been surrendered or disclosed as income during the year in the tax assessments under
viii. the Income Tax Act, 1961, that has not been recorded in the books of account.
According to the records of the Company examined by us and the information and explanation given to us, the Company has not
defaulted in repayment of loans or other borrowings or in the payment of interest to any lender during the year.
ix. (a)
According to the information and explanations given to us and on the basis of our audit procedures, we report that the Company has
not been declared Wilful Defaulter by any bank or financial institution or government or any government authority.
(b)
27
In our opinion, and according to the information and explanations given to us, the term loans have been applied for the purposes for
which they were obtained (refer note 6 of the financial statement).
(c)
According to the information and explanations given to us, and the procedures performed by us, and on an overall examination of
the financial statements of the Company, we report that the Company has used funds raised on short-term basis aggregating Rs.
(d) 84.56 lakhs for long-term purposes.
According to the information and explanations given to us and on an overall examination of the financial statements of the
Company, we report that the Company has not taken any funds from any entity or person on account of or to meet the obligations of
(e) its subsidiaries, associates or joint ventures.
According to the information and explanations given to us and procedures performed by us, we report that the Company has not
raised loans during the year on the pledge of securities held in its subsidiaries, joint ventures or associate companies.
(f)
The Company has not raised any money by way of initial public offer or further public offer (including debt instruments) during the
year. Accordingly, the reporting under clause 3(x)(a) of the Order is not applicable to the Company.
x. (a)
The Company has not made any preferential allotment or private placement of shares or fully or partially or optionally convertible
debentures during the year. Accordingly, the reporting under clause 3(x)(b) of the Order is not applicable to the Company.
(b)
During the course of our examination of the books and records of the Company, carried out in accordance with the generally
accepted auditing practices in India, and according to the information and explanations given to us, we have neither come across any
instance of material fraud by the Company or on the Company, noticed or reported during the year, nor have we been informed of
xi. (a)
any such case by the Management.
During the course of our examination of the books and records of the Company, carried out in accordance with the generally
accepted auditing practices in India, and according to the information and explanations given to us, a report under Section 143(12) of
the Act, in Form ADT-4, as prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014 was not required to be filed
(b)
with the Central Government. Accordingly, the reporting under clause 3(xi)(b) of the Order is not applicable to the Company.
During the course of our examination of the books and records of the Company carried out in accordance with the generally
accepted auditing practices in India, and according to the information and explanations given to us, and as represented to us by the
management, no whistle-blower complaints have been received during the year by the Company. Accordingly, the reporting under
(c)
clause 3(xi)(c) of the Order is not applicable to the Company.
28
As the Company is not a Nidhi Company and the Nidhi Rules, 2014 are not applicable to it, the reporting under clause 3(xii) of the
Order is not applicable to the Company.
xii.
The Company has entered into transactions with related parties in compliance with the provisions of Section 188 of the Act. The
details of such related party transactions have been disclosed in the financial statements as required under Accounting Standard 18
xiii. “Related Party Disclosures” specified under Section 133 of the Act. Further, the Company is not required to constitute an Audit
Committee under Section 177 of the Act and, accordingly, to this extent, the reporting under clause 3(xiii) of the Order is not
applicable to the Company.
The Company is not mandated to have an internal audit system during the year, accordingly, reporting under clause xiv (a) and (b) of
the Order is not applicable.
xiv.
The Company has entered into non-cash transactions with its directors or persons connected with him, in compliance with the
provisions of Section 192 of the Act.
xv.
The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934. Accordingly, the
reporting under clause 3(xvi)(a) of the Order is not applicable to the Company.
xvi. (a)
The Company has not conducted non-banking financial or housing finance activities during the year. Accordingly, the reporting
under clause 3(xvi)(b) of the Order is not applicable to the Company.
(b)
The Company has incurred cash losses of Rs. 2,352.57 lakhs in the financial year and had not incurred cash losses in the
immediately preceding financial year.
xvii.
There has been resignation of the statutory auditors during the year, and we have taken into consideration the issues, objections or
concerns raised by the outgoing auditors.
xviii.
According to the information and explanations given to us and on the basis of the financial ratios (Also refer Note 31 to the financial
statements), ageing and expected dates of realisation of financial assets and payment of financial liabilities, other information
accompanying the financial statements, our knowledge of the Board of Directors and management plans and based on our
examination of the evidence supporting the assumptions, nothing has come to our attention, which causes us to believe that any
material uncertainty exists as on the date of the audit report that Company is not capable of meeting its liabilities existing at the date
of balance sheet as and when they fall due within a period of one year from the balance sheet date. We, however, state that this is not
xix. an assurance as to the future viability of the Company. We further state that our reporting is based on the facts up to the date of the
audit report and we neither give any guarantee nor any assurance that all liabilities falling due within a period of one year from the
balance sheet date will get discharged by the Company as and when they fall due.
29
The provisions relating to Corporate Social Responsibility under Section 135 of the Act are not applicable to the Company. Accordingly,
reporting under clause 3(xx) (a) and (b) of the Order is not applicable to the Company.
xx.
The reporting under clause 3(xxi) of the Order is not applicable in respect of audit of Standalone Financial Statements. Accordingly, no
xxi.
comment in respect of the said clause has been included in this report.
Vivian Pillai
Partner
UDIN:
Date:
Place: Pune
[400500] Disclosures - Secretarial audit report

01/04/2022
to
31/03/2023
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
30
[100100] Balance sheet

31/03/2023 31/03/2022 31/03/2021
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 26.25 26.25 26.25
Reserves and surplus -2,583.51 60.15
Total shareholders' funds -2,557.26 86.4
Share application money pending allotment 0 0
Non-current liabilities [Abstract]
Long-term borrowings 4,062.48 1,803.77
Deferred tax liabilities (net) 0 0
Other long-term liabilities 0 0
Long-term provisions 35 20.84
Total non-current liabilities 4,097.48 1,824.61
Current liabilities [Abstract]
Short-term borrowings 540.06 798.86
Trade payables 2,067.56 990.31
Other current liabilities 594.48 346.31
Short-term provisions 1.8 1.94
Total current liabilities 3,203.9 2,137.42
Total equity and liabilities 4,744.12 4,048.43
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 1,885.73 1,355.08
Intangible assets 16.9 15.75
Tangible assets capital work-in-progress 8.95 0
Total fixed assets 1,911.58 1,370.83
Non-current investments 0 0
Deferred tax assets (net) 11.26 29.44
Long-term loans and advances 259.78 211.82
Other non-current assets 11.38 311.37
Total non-current assets 2,194 1,923.46
Current assets [Abstract]
Current investments 0 0
Inventories 1,096.11 816.56
Trade receivables 684.29 419.27
Cash and bank balances 424.37 748.85
Short-term loans and advances 345.35 140.29
Total current assets 2,550.12 2,124.97
Total assets 4,744.12 4,048.43
31
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] DSBS1 DSBS2
01/04/2022 01/04/2022
to to
31/03/2023 31/03/2023
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 JEETENDRA SANJIV
Middle name of director KAILASH INDAR
Last name of director BHANDARI SHAH
Designation of director DIRECTOR DIRECTOR
Director identification number of director 03440090 03113797
Date of signing of financial statements by director 22/09/2023 22/09/2023
32
[100400] Cash flow statement, indirect

01/04/2022 01/04/2021
to to 31/03/2021
31/03/2023 31/03/2022
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 -1,605.1 726.67
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 245.53 214.62
Adjustments for depreciation and amortisation expense 263.49 191.61
Adjustments for share-based payments 12.18 0
Other adjustments to reconcile profit (loss) 53.69 23.96
Other adjustments for non-cash items -1,032.56 -654.49
Total adjustments to profit (loss) -457.67 -224.3
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories -279.55 -505.83
Adjustments for decrease (increase) in trade receivables -318.77 -199.01
Adjustments for decrease (increase) in other current assets -204.12 75.07
Adjustments for increase (decrease) in trade payables 1,077.25 274.07
Adjustments for increase (decrease) in other current liabilities 244.8 314.18
Adjustments for provisions 14.02 0
Total adjustments for working capital 533.63 -41.52
Total adjustments for reconcile profit (loss) 75.96 -265.82
Net cash flows from (used in) operations -1,529.14 460.85
Interest received -21.68 -31.25
Income taxes paid (refund) 27.89 114.75
Net cash flows from (used in) operating activities before extraordinary
-1,578.71 314.85
items
Net cash flows from (used in) operating activities -1,578.71 314.85
Cash flows from used in investing activities [Abstract]
Other cash payments to acquire equity or debt instruments of other
0 301
entities
Purchase of tangible assets 825.19 750.4
Interest received 21.68 31.25
Net cash flows from (used in) investing activities before extraordinary
-803.51 -1,020.15
items
Net cash flows from (used in) investing activities -803.51 -1,020.15
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings 2,492.02 1,567.3
Repayments of borrowings 492.11 0
Interest paid 242.17 203.62
Net cash flows from (used in) financing activities before extraordinary
1,757.74 1,363.68
items
Net cash flows from (used in) financing activities 1,757.74 1,363.68
Net increase (decrease) in cash and cash equivalents before effect of
-624.48 658.38
exchange rate changes
Net increase (decrease) in cash and cash equivalents -624.48 658.38
Cash and cash equivalents cash flow statement at end of period 124.37 748.85 90.47
33
[200100] Notes - Share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of share capital [Axis] Equity shares 1 [Member] Preference shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 1 [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022
Disclosure of shareholding more than
five per cent in
company [Abstract]
Disclosure of shareholding more than
five per cent
in company [LineItems]
2% Redeemable Preference 2% Redeemable Preference
Type of share Equity Shares Equity Shares
Shares Shares
Walko Food Company Walko Food Company Walko Food Company Walko Food Company
Name of shareholder Private Limited Private Limited Private Limited Private Limited
CIN of shareholder U15549MH2012PTC232875 U15549MH2012PTC232875 U15549MH2012PTC232875 U15549MH2012PTC232875
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
shareholder
Number of shares held in company [shares] 99,999 [shares] 99,999 [shares] 1,62,500 [shares] 1,62,500
Percentage of shareholding in
99.99% 99.99% 100.00% 100.00%
company
34
Disclosure of classes of share capital [Table] ..(1)

Equity shares
Classes of share capital [Axis] Share capital [Member]
[Member]
01/04/2022 01/04/2021 01/04/2022
to to 31/03/2021 to
31/03/2023 31/03/2022 31/03/2023
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 4,00,000 [shares] 4,00,000 [shares] 2,00,000
Value of shares authorised 40 40 20
Number of shares issued [shares] 2,62,500 [shares] 2,62,500 [shares] 1,00,000
Value of shares issued 26.25 26.25 10
Number of shares subscribed and fully paid [shares] 2,62,500 [shares] 2,62,500 [shares] 1,00,000
Value of shares subscribed and fully paid 26.25 26.25 10
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 2,62,500 [shares] 2,62,500 [shares] 1,00,000
Total value of shares subscribed 26.25 26.25 10
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 2,62,500 [shares] 2,62,500 [shares] 1,00,000
Value of shares called 26.25 26.25 10
Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0
Calls unpaid by officers 0 0 0
Total calls unpaid by directors and
0 0 0
officers
Calls unpaid by others 0 0 0
Total calls unpaid 0 0 0
Forfeited shares 0 0 0
Forfeited shares reissued 0 0 0
Value of shares paid-up 26.25 26.25 10
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Total aggregate number of shares issued
[shares] 0 [shares] 0 [shares] 0
during period
Decrease in number of shares during period
[Abstract]
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 2,62,500 [shares] 2,62,500 [shares] 2,62,500 [shares] 1,00,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of other issues during period 0 0 0
Total aggregate amount of increase in
0 0 0
share capital during period
Decrease in share capital during period
[Abstract]
Other decrease in amount of shares 0 0 0
Total decrease in share capital during
0 0 0
period
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 26.25 26.25 26.25 10
35
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] 2,62,500 [shares] 2,62,500 [shares] 1,00,000
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] 2,62,500 [shares] 2,62,500 [shares] 1,00,000
subsidiaries or associates
Aggregate number of fully paid-up shares issued
pursuant to contracts without payment being [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
five years
Aggregate number of shares bought back during
last five years
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
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
36

Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2021 01/04/2022 01/04/2021
to 31/03/2021 to to
31/03/2022 31/03/2023 31/03/2022
Type of share Equity Shares Equity Shares
Number of shares authorised [shares] 2,00,000 [shares] 2,00,000 [shares] 2,00,000
Value of shares authorised 20 20 20
Number of shares issued [shares] 1,00,000 [shares] 1,00,000 [shares] 1,00,000
Value of shares issued 10 10 10
Number of shares subscribed and fully paid [shares] 1,00,000 [shares] 1,00,000 [shares] 1,00,000
Value of shares subscribed and fully paid 10 10 10
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 1,00,000 [shares] 1,00,000 [shares] 1,00,000
Total value of shares subscribed 10 10 10
Number of shares paid-up [shares] 1,00,000 [shares] 1,00,000 [shares] 1,00,000
Value of shares called 10 10 10
[Abstract]
Calls unpaid by directors 0 0 0
Calls unpaid by officers 0 0 0
0 0 0
officers
Calls unpaid by others 0 0 0
Total calls unpaid 0 0 0
Forfeited shares 0 0 0
Forfeited shares reissued 0 0 0
Value of shares paid-up 10 10 10
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0 [INR/shares] 0
called
[Abstract]
[Abstract]
[Abstract]
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
during period
[Abstract]
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0
period
shares outstanding
[Abstract]
[Abstract]
Amount of other issues during period 0 0 0
0 0 0
[Abstract]
Other decrease in amount of shares 0 0 0
37

0 0 0
period
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 10 10 10 10
Shares in company held by holding company [shares] 1,00,000 [shares] 1,00,000 [shares] 1,00,000
company
holding company
holding company
or ultimate holding company or by its [shares] 1,00,000 [shares] 1,00,000 [shares] 1,00,000
pursuant to contracts without payment being [shares] 0 [shares] 0 [shares] 0
issued by way of bonus shares during last [shares] 0 [shares] 0 [shares] 0
five years
last five years
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]
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
38

Equity shares 1
Classes of share capital [Axis] Preference shares [Member]
[Member]
01/04/2022 01/04/2021
31/03/2021 to to 31/03/2021
31/03/2023 31/03/2022
Number of shares authorised [shares] 2,00,000 [shares] 2,00,000
Value of shares authorised 20 20
Number of shares issued [shares] 1,62,500 [shares] 1,62,500
Value of shares issued 16.25 16.25
Number of shares subscribed and fully paid [shares] 1,62,500 [shares] 1,62,500
Value of shares subscribed and fully paid 16.25 16.25
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] 1,62,500 [shares] 1,62,500
Total value of shares subscribed 16.25 16.25
Number of shares paid-up [shares] 1,62,500 [shares] 1,62,500
Value of shares called 16.25 16.25
[Abstract]
Calls unpaid by directors 0 0
Calls unpaid by officers 0 0
0 0
officers
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 16.25 16.25
[Abstract]
[Abstract]
[Abstract]
Number of other issues of shares [shares] 0 [shares] 0
[shares] 0 [shares] 0
during period
[Abstract]
Other decrease in number of shares [shares] 0 [shares] 0
period
shares outstanding
[Abstract]
[Abstract]
Amount of other issues during period 0 0
0 0
[Abstract]
Other decrease in amount of shares 0 0
0 0
period
Total increase (decrease) in share capital 0 0
Share capital at end of period 10 16.25 16.25 16.25
39

Shares in company held by holding company [shares] 1,62,500 [shares] 1,62,500
company
holding company
holding company
or ultimate holding company or by its [shares] 1,62,500 [shares] 1,62,500
pursuant to contracts without payment being [shares] 0 [shares] 0
issued by way of bonus shares during last [shares] 0 [shares] 0
five years
last five years
40

Classes of share capital [Axis] Preference shares 1 [Member]
01/04/2022 01/04/2021
to to 31/03/2021
31/03/2023 31/03/2022
2% Redeemable 2% Redeemable
Type of share Preference Shares Preference Shares
Number of shares authorised [shares] 2,00,000 [shares] 2,00,000
Value of shares authorised 20 20
Number of shares issued [shares] 1,62,500 [shares] 1,62,500
Value of shares issued 16.25 16.25
Number of shares subscribed and fully paid [shares] 1,62,500 [shares] 1,62,500
Value of shares subscribed and fully paid 16.25 16.25
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] 1,62,500 [shares] 1,62,500
Total value of shares subscribed 16.25 16.25
Number of shares paid-up [shares] 1,62,500 [shares] 1,62,500
Value of shares called 16.25 16.25
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 16.25 16.25
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 other issues of shares [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
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
[shares]
Number of shares outstanding at end of period [shares] 1,62,500 [shares] 1,62,500
1,62,500
Reconciliation of value of shares outstanding [Abstract]
Increase in share capital during period [Abstract]
Amount of other issues during period 0 0
Total aggregate amount of increase in share capital during
0 0
period
Decrease in share capital during period [Abstract]
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 16.25 16.25 16.25
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] 1,62,500 [shares] 1,62,500
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
41
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
Total shares in company held by holding company or
ultimate holding company or by its subsidiaries or [shares] 1,62,500 [shares] 1,62,500
associates
Aggregate number of fully paid-up shares issued pursuant
to contracts without payment being received in cash [shares] 0 [shares] 0
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

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Whether money raised from public offering during year No No
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Securities premium
Components of reserves [Axis] Reserves [Member]
account [Member]
01/04/2022 01/04/2021 01/04/2022
to to 31/03/2021 to
31/03/2023 31/03/2022 31/03/2023
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period -2,655.84 86.3
Other additions to reserves 12.18 0 0
Total additions to reserves -2,643.66 86.3 0
Total changes in reserves -2,643.66 86.3 0
Reserves at end of period -2,583.51 60.15 -26.15 633.75

Share options outstanding account
Components of reserves [Axis] Securities premium account [Member]
[Member]
01/04/2021 01/04/2022 01/04/2021
to 31/03/2021 to to
31/03/2022 31/03/2023 31/03/2022
Other additions to reserves 0 12.18 0
Total additions to reserves 0 12.18 0
Total changes in reserves 0 12.18 0
Reserves at end of period 633.75 633.75 12.18 0
42

Share options
Components of reserves [Axis] outstanding Surplus [Member]
account [Member]
01/04/2022 01/04/2021
31/03/2021 to to 31/03/2021
31/03/2023 31/03/2022
Other additions to reserves 0 0
Total additions to reserves -2,655.84 86.3
Total changes in reserves -2,655.84 86.3
Reserves at end of period 0 -3,229.44 -573.6 -659.9
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of borrowings [Axis] Term loans from banks [Member] Rupee term loans from banks [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
31/03/2023 31/03/2022 31/03/2023 31/03/2022
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 1,042.47 1,026.96 1,042.47 1,026.96

Working capital loans from banks
Classification of borrowings [Axis] Intercorporate borrowings [Member]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
31/03/2023 31/03/2022 31/03/2023 31/03/2022
Borrowings 20.01 76.81 3,000 700

Loans and advances from related parties Loans and advances from directors
Classification of borrowings [Axis]
[Member] [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2023 31/03/2022 31/03/2023 31/03/2022
Borrowings 0 0 0 0
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default
0 0
principal
0 0
interest
43

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
Loans and advances from others
Classification of borrowings [Axis] Term loans from banks [Member]
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Secured borrowings [Member]
31/03/2023 31/03/2022 31/03/2023 31/03/2022
Borrowings 0 0 540.06 440.88
0 0
principal
0 0
interest

Classification based on time period [Axis] Short-term [Member]
Loans repayable on demand from banks
Classification of borrowings [Axis] Rupee term loans from banks [Member]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
31/03/2023 31/03/2022 31/03/2023 31/03/2022
Borrowings 540.06 440.88 0 357.98

Loans and Loans and
Loans and advances from related parties
Classification of borrowings [Axis] advances from advances from
[Member]
directors [Member] others [Member]
Unsecured Unsecured
Subclassification of borrowings [Axis] Unsecured borrowings [Member] borrowings borrowings
[Member] [Member]
31/03/2023 31/03/2022 31/03/2022 31/03/2023
Borrowings 0 0 0 0
0 0 0
principal
0 0 0
interest
44

Loans and Other loans and
Classification of borrowings [Axis] advances from Other loans and advances [Member] advances, others
others [Member] [Member]
Unsecured Unsecured
Subclassification of borrowings [Axis] borrowings Unsecured borrowings [Member] borrowings
[Member] [Member]
31/03/2022 31/03/2023 31/03/2022 31/03/2023
Borrowings 0 0 0 0
0
principal
0
interest

Short-term
Classification based on time period [Axis]
[Member]
Other loans and
Classification of borrowings [Axis] advances, others
[Member]
Unsecured
Subclassification of borrowings [Axis] borrowings
[Member]
31/03/2022
Borrowings 0
45
[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 Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
carrying amount [Axis] [Member] impairment [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
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 781.1 753.56 781.1 753.56
assets
Depreciation tangible assets -249.99 -183.11 249.99 183.11
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0.46 4.45 0.48 6.09 0.02 1.64
others
Total disposals tangible
0.46 4.45 0.48 6.09 0.02 1.64
assets
Other adjustments tangible
assets [Abstract]
0 0 0 0 0 0
assets, others
Total other adjustments
0 0 0 0 0 0
tangible assets
Total changes in tangible
530.65 566 780.62 747.47 249.97 181.47
assets
Tangible assets at end of period 1,885.73 1,355.08 2,692.84 1,912.22 807.11 557.14
46

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
[Abstract]
0.46 4.45 0.48 6.09 0.02 1.64
others
0.46 4.45 0.48 6.09 0.02 1.64
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
530.65 566 780.62 747.47 249.97 181.47
assets
47

Classes of tangible assets [Axis] Plant and equipment [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
[Abstract]
0.46 4.4 0.48 5.79 0.02 1.39
others
0.46 4.4 0.48 5.79 0.02 1.39
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
470.83 486.67 634.11 610.78 163.28 124.11
assets
48

Classes of tangible assets [Axis] Plant and equipment [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
[Abstract]
0.46 4.4 0.48 5.79 0.02 1.39
others
0.46 4.4 0.48 5.79 0.02 1.39
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
470.83 486.67 634.11 610.78 163.28 124.11
assets
49

Classes of tangible assets [Axis] Other plant and equipment [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
[Abstract]
0.46 4.4 0.48 5.79 0.02 1.39
others
0.46 4.4 0.48 5.79 0.02 1.39
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
470.83 486.67 634.11 610.78 163.28 124.11
assets
50

Classes of tangible assets [Axis] Other plant and equipment [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
[Abstract]
0.46 4.4 0.48 5.79 0.02 1.39
others
0.46 4.4 0.48 5.79 0.02 1.39
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
470.83 486.67 634.11 610.78 163.28 124.11
assets
51

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
35.18 50.03 49.87 55.13 14.69 5.1
assets
Tangible assets at end of period 85.02 49.84 126.55 76.68 41.53 26.84
52

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
35.18 50.03 49.87 55.13 14.69 5.1
assets
53

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
Depreciation tangible assets -8.63 -23 8.63 23
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
-7.38 -8.6 1.25 14.4 8.63 23
assets
54

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
-7.38 -8.6 1.25 14.4 8.63 23
assets
55

Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
-7.38 -8.6 1.25 14.4 8.63 23
assets
56

Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
-7.38 -8.6 1.25 14.4 8.63 23
assets
57

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
4.86 0.45 7.19 2.47 2.33 2.02
assets
58

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
4.86 0.45 7.19 2.47 2.33 2.02
assets
59

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
[Abstract]
0 0.05 0 0.3 0 0.25
others
0 0.05 0 0.3 0 0.25
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
4.31 25.49 37.42 47.75 33.11 22.26
assets
60

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
[Abstract]
0 0.05 0 0.3 0 0.25
others
0 0.05 0 0.3 0 0.25
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
4.31 25.49 37.42 47.75 33.11 22.26
assets
61

Classes of tangible assets [Axis] Leasehold improvements [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
22.85 11.96 50.78 16.94 27.93 4.98
assets
Tangible assets at end of period 110 87.15 255.96 205.18 145.96 118.03
62

01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
22.85 11.96 50.78 16.94 27.93 4.98
assets
Tangible assets at end of period 110 87.15 255.96 205.18 145.96 118.03
Disclosure of additional information tangible assets [Table] ..(1)

Company total tangible assets Other plant and equipment Furniture and fixtures
Classes of tangible assets [Axis]
[Member] [Member] [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member] Owned assets [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
Disclosure of additional information
tangible assets [LineItems]
Please refer to Please refer to
the description as the description as Straight Line Straight Line Straight Line Straight Line
Depreciation method tangible assets given in the child given in the child Method Method Method Method
member. member.
Useful lives or depreciation rates the description as the description as
10 years 10 years 5 years 5 years
tangible assets given in the child given in the child
member. member.
63

Computer equipments
Classes of tangible assets [Axis] Motor vehicles [Member] Office equipment [Member]
[Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member] Owned assets [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
tangible assets [LineItems]
Straight Line Straight Line Straight Line Straight Line Straight Line Straight Line
Depreciation method tangible assets Method Method Method Method Method Method
Useful lives or depreciation rates
3 years 3 years 3 years 3 years 3 years 3 years
tangible assets

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of additional information tangible assets [Abstract]
Disclosure of additional information tangible assets [LineItems]
Straight Line
Depreciation method tangible assets Method
Straight Line Method
Useful lives or depreciation rates tangible assets Over the lease term Over the lease term
64
[201100] Notes - Intangible assets
Disclosure of intangible assets [Table] ..(1)

Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
Carrying amount accumulated amortization and Gross carrying amount Accumulated amortization and
impairment and gross carrying amount [Axis] [Member] impairment [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
business combinations 14.65 0 14.65 0
intangible assets
Total additions to
14.65 0 14.65 0
intangible assets
Amortization intangible assets -13.5 -8.5 13.5 8.5
Disposals intangible assets
[Abstract]
Disposals intangible
0 0 0 0 0 0
assets, others
Total disposals intangible
0 0 0 0 0 0
assets
Other adjustments intangible
assets [Abstract]
Other adjustments
0 0 0 0 0 0
intangible assets, others
0 0 0 0 0 0
intangible assets
Total changes in intangible
1.15 -8.5 14.65 0 13.5 8.5
assets
Intangible assets at end of period 16.9 15.75 334.65 320 317.75 304.25
65

Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Internally generated intangible assets [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
14.65 0 14.65 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
1.15 -8.5 14.65 0 13.5 8.5
assets
Intangible assets at end of period 16.9 15.75 334.65 320 317.75 304.25
66

Classes of intangible assets [Axis] Brands and trade marks [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
business combinations 0 0 0 0
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
-7.5 -7.5 0 0 7.5 7.5
assets
Intangible assets at end of period 6.67 14.17 75 75 68.33 60.83
67

Classes of intangible assets [Axis] Brands and trade marks [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
-7.5 -7.5 0 0 7.5 7.5
assets
68

Classes of intangible assets [Axis] Trade marks [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
-7.5 -7.5 0 0 7.5 7.5
assets
69

Classes of intangible assets [Axis] Trade marks [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
-7.5 -7.5 0 0 7.5 7.5
assets
70

Classes of intangible assets [Axis] Computer software [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
14.65 0 14.65 0
intangible assets
Amortization intangible assets -5 -0 5 0
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
9.65 0 14.65 0 5 0
assets
Intangible assets at end of period 9.65 0 14.65 0 5 0
71

Classes of intangible assets [Axis] Computer software [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
14.65 0 14.65 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
9.65 0 14.65 0 5 0
assets
Intangible assets at end of period 9.65 0 14.65 0 5 0
72

Classes of intangible assets [Axis] Copyrights, patents and other operating rights [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
-1 -1 0 0 1 1
assets
73

Classes of intangible assets [Axis] Copyrights, patents and other operating rights [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
-1 -1 0 0 1 1
assets
74

Classes of intangible assets [Axis] Copyrights [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
-1 -1 0 0 1 1
assets
75

Classes of intangible assets [Axis] Copyrights [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
-1 -1 0 0 1 1
assets
76

Classes of intangible assets [Axis] Recipes, formulae, models, designs and prototypes [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
0 0 0 0 0 0
assets
Intangible assets at end of period 0 0 10 10 10 10
77

Classes of intangible assets [Axis] Recipes, formulae, models, designs and prototypes [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
0 0 0 0 0 0
assets
78

Classes of intangible assets [Axis] Recipes [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
0 0 0 0 0 0
assets
79

Classes of intangible assets [Axis] Recipes [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
0 0 0 0 0 0
assets
80

Classes of intangible assets [Axis] Licenses and franchise [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
0 0 0 0 0 0
assets
81

Classes of intangible assets [Axis] Licenses and franchise [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
0 0 0 0 0 0
assets
82

Classes of intangible assets [Axis] Franchise [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
0 0 0 0 0 0
assets
83

Classes of intangible assets [Axis] Franchise [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
0 0 0 0 0 0
assets
84

Classes of intangible assets [Axis] Other intangible assets [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
0 0 0 0 0 0
assets
85

Classes of intangible assets [Axis] Other intangible assets [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
0 0 0 0 0 0
assets
86

Classes of intangible assets [Axis] Other intangible assets, others [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
Please refer to Please refer to Please refer to Please refer to Please refer to Please refer to
the description as the description as the description as the description as the description as the description
Nature of other intangible assets given in the child given in the child given in the child given in the child given in the child as given in the
member. member. member. member. member. child member.
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
0 0 0 0 0 0
assets
87

Classes of intangible assets [Axis] Other intangible assets, others [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
the description as the description as Non-compete Non-compete Non-compete Non-compete
Nature of other intangible assets given in the child given in the child fees fees fees fees
member. member.
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
0 0 0 0 0 0
assets
Disclosure of additional information intangible assets [Table] ..(1)

Company total intangible assets
Classes of intangible assets [Axis] Trade marks [Member] Computer software [Member]
[Member]
Internally generated intangible Internally generated intangible Internally generated intangible
Sub classes of intangible assets [Axis]
assets [Member] assets [Member] assets [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
intangible assets [LineItems]
Useful lives or amortization rates the description as the description as
intangible assets given in the child given in the child
member. member.
Description of amortization method the description as the description as Straight Line Straight Line Straight Line Straight Line
used given in the child given in the child Basis Basis Basis Basis
member. member.
88

Classes of intangible assets [Axis] Copyrights [Member] Recipes [Member] Franchise [Member]
Internally generated intangible Internally generated intangible Internally generated intangible
assets [Member] assets [Member] assets [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
intangible assets [LineItems]
Useful lives or amortization rates
10 years 10 years 10 years 10 years 5 years 5 years
intangible assets
Description of amortization method Straight Line Straight Line Straight Line Straight Line Straight Line Straight Line
used Basis Basis Basis Basis Basis Basis

Classes of intangible assets [Axis] Other intangible assets [Member] Other intangible assets, others [Member]
Internally generated intangible assets Internally generated intangible assets
[Member] [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022
Disclosure of additional information intangible assets
[Abstract]
Disclosure of additional information intangible
assets [LineItems]
Useful lives or amortization rates intangible
assets
Description of amortization method used Straight Line Basis Straight Line Basis Straight Line Basis Straight Line Basis
[200400] Notes - Non-current investments

31/03/2023 31/03/2022
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 0 0
Aggregate provision for diminution in value of non-current investments 0 0
89
[200600] Notes - Subclassification and notes on liabilities and assets
Disclosure of breakup of provisions [Table] ..(1)

31/03/2023 31/03/2022 31/03/2023 31/03/2022
Subclassification and notes on liabilities and assets
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 35 20.84 1.8 1.94
Total provisions for employee benefits 35 20.84 1.8 1.94
CSR expenditure provision 0 0 0 0
Total provisions 35 20.84 1.8 1.94
Loans and advances [Table] ..(1)

Classification of loans and advances [Axis] Capital advances [Member] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2023 31/03/2022 31/03/2023 31/03/2022
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 28.69 7.68 96.56 100.17
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 28.69 7.68 96.56 100.17
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
Loans and advances due by others 0 0 0 0
Total loans and advances due by
0 0 0 0
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
0 0 0 0
which any director is partner
Loans and advances due by private
companies in which any director is 0 0 0 0
director
member
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director
90

Classification of loans and advances [Axis] Prepaid expenses [Member] Advance tax [Member]
31/03/2023 31/03/2022 31/03/2023 31/03/2022
[Abstract]
Loans and advances, gross 2.67 0 131.61 103.72
0 0 0 0
advances
Loans and advances 2.67 0 131.61 103.72
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
91

Deposits with statutory authorities
Classification of loans and advances [Axis] Advance income tax paid [Member]
[Member]
31/03/2023 31/03/2022 31/03/2023 31/03/2022
[Abstract]
0 0 0 0
advances
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
92

Other loans and advances, others
Classification of loans and advances [Axis] Security deposits [Member]
[Member]
01/04/2022 01/04/2021
to to 31/03/2023 31/03/2022
31/03/2023 31/03/2022
[Abstract]
Loans and advances, gross 0 0 227.16 89.43
0 0 0 0
advances
Loans and advances 0 0 227.16 89.43
Nature of other loans and advances NA NA
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
93

Loans advances given suppliers Loans advances given employees
Classification of loans and advances [Axis]
[Member] [Member]
31/03/2023 31/03/2022 31/03/2023 31/03/2022
[Abstract]
0 0 0 0
advances
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
94

Advance tax Advance income
Classification of loans and advances [Axis] Prepaid expenses [Member]
[Member] tax paid [Member]
Unsecured Unsecured
Classification of assets based on security [Axis] Unsecured considered good [Member] considered good considered good
[Member] [Member]
31/03/2023 31/03/2022 31/03/2022 31/03/2022
[Abstract]
Loans and advances, gross 18.7 5.05 0 0
0 0 0 0
advances
Loans and advances 18.7 5.05 0 0
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
95

Deposits with statutory authorities Other loans and advances, others
Classification of loans and advances [Axis]
[Member] [Member]
01/04/2022 01/04/2021
31/03/2023 31/03/2022 to to
31/03/2023 31/03/2022
[Abstract]
0 0 0 0
advances
Accrued interest on Accrued interest on
Nature of other loans and advances deposits deposits
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
96
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2023 31/03/2022 31/03/2023 31/03/2022
[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 768.9 525.56 684.29 419.27
Allowance for bad and doubtful debts 84.61 106.29 0 0
Total trade receivables 684.29 419.27 684.29 419.27
Details of trade receivables due by
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0 0
Total trade receivables due by
directors, other officers or 0 0
others
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Trade receivables due by firms in
0 0
Trade receivables due by private
companies in which any director 0 0
is director
Trade receivables due by private
companies in which any director 0 0
is member
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
97
Subclassification of trade receivables [Table] ..(2)

Classification of assets based on security [Axis] Doubtful [Member]
31/03/2023 31/03/2022
Subclassification and notes on liabilities and assets [Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 84.61 106.29
Allowance for bad and doubtful debts 84.61 106.29
Total trade receivables 0 0
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0 0
Total trade receivables due by directors, other officers or others 0 0
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Trade receivables due by firms in which any director is partner 0 0
Trade receivables due by private companies in which any director is
0 0
director
Trade receivables due by private companies in which any director is
0 0
member
Total trade receivables due by firms or companies in which any
0 0
director is partner or director
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 1,096.11 816.56 190.63 166.43
Goods in transit 0 0
Weighted average Weighted average cost Weighted average Weighted average
Mode of valuation cost method method cost method cost method

Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022
[Abstract]
Inventories 118.8 26.68 578.43 436.3
Textual information Textual information Textual information Textual information
Mode of valuation (16) [See below] (17) [See below] (18) [See below] (19) [See below]
98

Classification of inventories [Axis] Stores and spares [Member] Other inventories [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022
[Abstract]
Inventories 22.81 6.13 185.44 181.02
Goods in transit 0 0
Weighted average Weighted average cost Weighted average Weighted average
Mode of valuation cost method method cost method cost method

Classification of inventories [Axis] Other inventories, others [Member]
01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Subclassification and notes on liabilities and assets [Abstract]
Inventories 185.44 181.02
Weighted average Weighted average
Mode of valuation cost method cost method
Nature of other inventories Packaing Material Packing Material
99

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0 0
Gross amount due to customers for contract work, non-current 0 0
Others long-term, others 0 0
Total others, long-term 0 0
Total other long-term liabilities 0 0
Current maturities of long-term debt 14.36 10.99
Interest accrued but not due on borrowings 89.93 21.5
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 other tax 231.06 145.98
Security deposits refundable, current 14.88 18.53
Total deposits refundable current 14.88 18.53
Public deposit payable, current 0 0
Total other payables, current 245.94 164.51
Advance received from customers 26.89 17.97
Accrued salary payable 194.11 114.54
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others 23.25 16.8
Total other current liabilities 594.48 346.31
Other non-current assets, others 11.38 311.37
Total other non-current assets 11.38 311.37
Nature of other non-current assets, others Other Bank Balances Other Bank Balances
Aggregate amount of trade receivables outstanding for period
0 0
exceeding six months
Fixed deposits with banks 0 0
Other deposits with banks 0 0
Deposit repayment reserve account with banks 0 0
Other balances with banks 0 0
Total balance with banks 0 0
Cash on hand 0.79 0.97
Others 123.58 747.88
Total cash and cash equivalents 124.37 748.85
Other bank balances 300 0
Total cash and bank balances 424.37 748.85
Earmarked balances with banks 0 0
Balances held with banks to extent held as margin money 0 0
Balances held with banks to extent held as security against
0 0
borrowings
Balances held with banks to extent held as guarantees 0 0
Balances held with banks to extent held against other
0 0
commitments
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
100
Mode of valuation
Includes material cost and cost of conversion. Material cost is arrived at using weighted average cost method and producation overheads allocated
on the basis of normal capacity of production facilities.
Mode of valuation
Mode of valuation
Mode of valuation
101
[200700] Notes - Additional disclosures on balance sheet

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of additional balance sheet notes explanatory [TextBlock]
Guarantees 10.37 10.37
Total contingent liabilities 10.37 10.37
Estimated amount of contracts remaining to be executed on
60.71 1.87
capital account and not provided for
Total commitments 60.71 1.87
Total contingent liabilities and commitments 71.08 12.24
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
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2022
to
31/03/2023
Disclosure of accounting policies, change in accounting policies and Textual information (20)
changes in estimates explanatory [TextBlock] [See below]
102
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
Notes forming part of the financial statements for the year ended 31 March 2023
1 Corporate Information
Walko QSR Company Private Limited ("the Company") is a private limited company domiciled in India and was incorporated on 5 July
2013 under the provisions of the Companies Act, 1956 applicable in India. Its registered office is located at 701 B, Churchgate Chambers,
5 New Marine Lines, Mumbai - 400020. The Company is engaged in the business of manufacturing and processing of confectionaries
which is run through a franchisee based model and institutional sales. The financials statements have been approved for issue by the
Board of Directors at its meeting held on Friday 22, 2023.
2 Significant accounting policies
Significant accounting policies adopted by the Company are as under:
2.1 Basis of Preparation of Financial Statements
(a) Basis of Compliance
The financial statements of the Company have been prepared to comply with the Generally Accepted Accounting Principles in India
(Indian GAAP) under historical cost convention on an accrual basis. The financial statement in all material aspect have been prepared to
comply in all material aspects with the accounting standards notified under Companies (Accounting Standards) Rules, 2021 specified
under section 133 of the Companies Act, 2013 and the relevant provisions of the Companies Act, 2013 ("the 2013 Act"). The financial
statements are prepared in Indian Rupees. The accounting policies adopted in the preparation of the financial statements are consistent
with those followed in the previous period.
The Company is a Small and Medium Sized Company as defined in the section 2(e) of Companies (Accounting Standards) Rules, 2021.
Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company.
(b) Basis of measurement
The financial statements have been prepared on accrual basis and under historical cost convention
Classification into current and non-current:
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:â?º Expected to be realised or intended to be sold or consumed in normal operating cycleâ?º Held primarily for the
purpose of tradingâ?º Expected to be realised within twelve months after the reporting period, orâ?º 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:
â?º It is expected to be settled in normal operating cycleâ?º It is held primarily for the purpose of tradingâ?º It is due to be settled within
twelve months after the reporting period, orâ?º There is no unconditional right to defer the settlement of the liability for at least twelve
months after the reporting period.All other liabilities are classified as non-current.
103
(c) Use of estimates
The preparation of financial statements in conformity with Indian GAAP requires the Management to make estimate and assumptions that
affect the reported amount of assets and liabilities as at the Balance Sheet date, reported amount of revenue and expenses for the year and
disclosures of contingent liabilities as at the Balance Sheet date. The estimates and assumptions used in the accompanying financial
statements are based upon the Management's evaluation of the relevant facts and circumstances as at the date of the financial statements.
Actual results could differ from these estimates. Estimates and underlying assumptions are reviewed on a periodic basis. Revisions to
accounting estimates, if any, are recognized in the year in which the estimates are revised and in any future years affected.
(c) Going concern
These financial statements have been prepared on a going concern basis. Management is of the view that the assets and liabilities have
been recorded on the basis that the Company will be able to realise its assets and discharge its liabilities in the normal course of business.
2.2 Summary Significant Accoutning Polciies
a) Property, plant and equipment
Property, plant and equipment, are stated at cost net of accumulated depreciation and accumlated impairment losses, if any. Cost
comprises the purchase price including import duties and non-refundable taxes, and directly attributable expenses incurred to bring the
asset to the location and condition necessary for it to be capable of being operated in the manner intended by management, any directly
attributable expenditure on making the asset ready for its intended use. Subsequent costs related to an item of property, plant and
equipment are recognised in the carrying amount of the item if the recognition criteria are met.
Items of property, plant and equipment that have been retired from active use and are held for disposal are stated at the lower of their net
carrying amount and net realisable value and are shown separately in the financial statements under the head ‘Other currentassets’. Any
write-down in this regard is recognised immediately in the statement of profit and loss. An item of property, plant and equipment is
derecognised on disposal or when no future economic benefits are expected from its use or disposal. The gain or loss arising on
derecognition is recognised in the statement of profit and loss.
Assets in the course of construction are capitalised under Capital work in progress (CWIP). At the point when the construction of the
asset is completed and it is ready to be operated as per management’s intended use, the cost of construction is transferred to the
appropriate category of property, plant and equipment and depreciation commences. Any revenue (net of cost) generated from production
during the trial period is capitalised.
Advances paid towards the acquisition of property, plant and equipment outstanding at each balance sheet date is classified as capital
advances under other non-current assets and the cost of assets not put to use before such date are disclosed under ‘Capital
work-in-progress’.
Depreciation methods, estimated useful lives
Depreciation is provided on a pro-rata basis on the straight-line method over the estimated useful life of the assets, based on technical
evaluation carried out by management’s expert taking into account the nature of the assets, their estimated period of use and the operating
conditions. The depreciation charge for each period is recognised in the statement of profit and loss, unless it is included in the carrying
amount of any other asset. The useful life, residual value and the depreciation method are reviewed at least at each financial year end. If
the expectations differ from previous estimates, the changes are accounted for prospectively as a change in accounting estimate.
Property, plant and equipment Useful Lives (In Years)
Leasehold improvements Over the lease term
104
Plant and Equipments* 10 Years
Computers 3 Years
Furniture & Fixtures* 5 Years
Office Equipments 3 Years
Owned Vehicles 3 Years
b) Intangible Assets
Intangible assets are stated at acquisition cost, net of accumulated amortisation and accumulated impairment losses, if any. Intangible
assets are amortised on a straight-line basis over their estimated useful life. A rebuttable presumption that the useful life of an intangible
asset will not exceed ten years from the date when the asset is available for use is considered by the management. The amortisation period
and the amortisation method are reviewed at least at each financial year end. If the expected useful life of the asset is significantly
different from previous estimates, the amortisation period is changed accordingly.
Gains or losses arising from the retirement or disposal of an intangible asset are determined as the difference between the net disposal
proceeds and the carrying amount of the asset and recognised as income or expense in the statement of profit and loss. The estimated
useful life of intangible assets is as follows:
Intangible assets Useful lives (in years)
Franchisee Model 5 Years
Copyrights 10 Years
Trademarks 10 Years
Recipes 10 Years
Non Compete Fees 10 Years
Softwares 5 Years
Intangible assets with finite lives are assessed for impairment whenever there is an indication that the intangible asset may be impaired.
c) Borrowing Costs
Borrowing costs include interest, other costs incurred in connection with borrowing and exchange differences arising from foreign
currency borrowings to the extent that they are regarded as an adjustment to the interest cost. General and specific borrowing costs
directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial
period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are
substantially ready for their intended use or sale. All other borrowing costs are recognised in Statement of Profit and Loss in the period in
which they are incurred
105
d) Impairment of assets
Assessment is done at each balance sheet date as to whether there is any indication that an asset (tangible and intangible) may be
impaired. If any such indication exists, an estimate of the recoverable amount of the asset/cash-generating unit (CGU) is made.
Recoverable amount is higher of an asset’s or CGU’s net selling price and its value in use. Value in use is the present value of estimated
future cash flows expected to arise from the continuing use of an asset and from its disposal at the end of its useful life. For the purpose of
assessing impairment, the recoverable amount is determined for an individual asset, unless the asset does not generate cash inflows that
are largely independent of those from other assets or groups of assets. The smallest identifiable group of assets that generates cash
inflows from continuing use that are largely independent of the cash inflows from other assets or groups of assets, is considered as a
CGU. An asset or CGU whose carrying value exceeds its recoverable amount is considered impaired and is written down to its
recoverable amount.
Assessment is also done at each balance sheet date as to whether there is any indicationthat an impairment loss recognised for an asset in
prior accounting periods may no longer exist or may have decreased. An impairment loss is reversed to the extent that the asset’s carrying
amount does not exceed the carrying amount that would have been determined if no impairment loss had previously been recognised.
e) Inventories
Inventories which comprise raw materials, finished goods, stores and spares and packing material are valued at the lower of cost and net
realisable value.
Raw materials, stores and spares and packing materials cost comprise cost of purchase and other costs incurred in bringing the inventories
to their present location and condition.
Finished goods and work-in-progress costs comprises design cost, raw material, direct labour, other direct cost and related production
overheads and other costs incurred in bringing the inventories to thier present condition and location. Net realizable value is the estimated
selling price in the ordinary course of business less estimated cost of completion and estimatedcd costs necessary to make the sale.
The methods of determination of cost of various categories of inventories are as follows:
Inventories are stated net of write down or allowances on account of expired and damaged items.
f) Foreign Currency Transactions
Functional and presentation currency:Items included in the financial statements are measured using the currency of the primary economic
environment in which the entity operates (‘the functional currency’). The financial statements are presented in Indian rupee (INR), which
is the Company’s functional and presentation currency.Initial recognition:On initial recognition, all foreign currency transactions are
recorded by applying to the foreign currency amount the exchange rate between the reporting currency and the foreign currency at the
date of the transaction.Subsequent measurementAs at the reporting date, non-monetary items which are carried in terms of historical cost
denominated in a foreign currency are reported using the exchange rate at the date of the transaction. All non-monetary items which are
carried at fair value or other similar valuation denominated in a foreign currency are reported using the exchange rates that existed when
the values were determined.All monetary assets and liabilities in foreign currency are restated at the end of accounting period. With
respect to long-term foreign currency monetary items, the Company has adopted the following policy:• Foreign exchange difference on
account of a depreciable asset is adjusted in the cost of the depreciable asset, which would be depreciated over the balance life of the
asset.• In other cases, the foreign exchange difference is accumulated in a ‘Foreign currency monetary item translation difference
account’, and amortised over the balance period of such long-term asset/liability.A monetary asset or liability is termed as a long-term
foreign currency monetary item, if the asset or liability is expressed in a foreign currency and has a term of 12 months or more at the date
of origination of the asset or liability. Exchange differences on restatement of all other monetary items are recognised in the Statement of
Profit and Loss.
g) Revenue Recognition
Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be
reliably measured.
106
(i) Sale of products
Revenue from the sale of goods is recognised when the significnat risk and rewards of ownbership of the goods is transferred to the buyer
as per the terms of the contract which coincides with the delivery of the goods and no significant uncertainty exists regarding the amount
of the consideration that will be derived from the sale of the goods and regarding its collection. Revenue from the sale of goods is
measured at the fair value of the consideration received or receivable. Revenue from the sale of goods is recognised net of trdae discounts
and goods and service tax.Revenue is presented gross of additional selling cost incurred by the related to business promotion expense and
business development expense incurred and payable to the buyer. Such expense is presented as separately under other operating expense
in the financial statement.
(ii) Franchisee Fees
The Company derives its income by appointing new Franchisee for sale of the products. Income is based on a 'fixed rate' model as per the
terms of the contract entered into by the Company with franchisees and recognised on opening of the outlet.
h) Other Income
Interest Income
Interest income is recognised on a time proportion basis taking into account the amount outstanding and the rate applicable.
i) Employee Benefits
Short-term employee benefit obligations
Liabilities for wages, salaries and bonus including non-monetary benefits that are expected to be settled wholly within 12 months after the
end of the year in which the employees render the related service are recognized in respect of employees’ services up to the end of the
year and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee
benefit obligations in the balance sheet.
Defined contribution plan
Provident Fund: Contribution towards provident fund for certain employees is made to the regulatory authorities, where the Company has
no further obligations. Such benefits are classified as defined contribution schemes as the Company does not carry any further
obligations, apart from the contributions made on a monthly basis.
Defined benefit plans
Gratuity: The Company provides for gratuity, a defined benefit plan (the ‘Gratuity Plan’) covering eligible employees in accordance with
the Payment of Gratuity Act, 1972. The Gratuity Plan provides a lump sum payment to vested employees at retirement, death,
incapacitation or termination of employment, of an amount based on the respective employee’s salary and the tenure of employment. The
Company’s liability is actuarially determined (using the projected unit credit method) at the end of each year. Actuarial losses/gains are
recognised in the statement of profit and loss in the year in which they arise.
j) Current tax and deferred tax
Tax expense for the period, comprising current tax and deferred tax, are included in the determination of the net profit or loss for the
period. Current tax is measured at the amount expected to be paid to the tax authorities in accordance with the taxation laws prevailing in
the respective jurisdictions.
107
(I) Current income tax
Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognised amounts and there
is an intention to settle the asset and the liability on a net basis.
(II) Deferred tax
Deferred tax is recognised for all the timing differences, subject to the consideration of prudence in respect of deferred tax assets.
Deferred tax assets are recognised and carried forward only to the extent that there is a reasonable certainty (except where the Company
has unabsorbed depreciation or carry forward losses under tax laws) that sufficient future taxable income will be available against which
such deferred tax assets can be realised. Deferred tax assets and liabilities are measured using the tax rates and tax laws that have been
enacted or substantively enacted by the balance sheet date.
In situations, where the Company has unabsorbed depreciation or carry forward losses under tax laws, all deferred tax assets are
recognised only to the extent that there is virtual certainty supported by convincing evidence that they can be realised against future
taxable profits. At each balance sheet date, the Company re-assesses unrecognised deferred tax assets, if any.
Deferred tax assets and deferred tax liabilities are offset when there is a legally enforceable right to set off assets against liabilities
representing current tax and where the deferred tax assets and the deferred tax liabilities relate to taxes on income levied by the same
governing taxation laws.
MAT credit is recognised as an asset only when and to the extent there is convincing evidence that the Company will pay normal income
tax during the specified period. Such asset is reviewed at each balance sheet date and the carrying amount of the MAT credit asset is
written down to the extent there is no longer a convincing evidence to the effect that the Company will pay normal income tax during the
specified period.
k) Operating Leases
Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases.
Payments made under operating leases are charged to the statement of profit and loss on a straight-line basis over the period of the lease.
Finance leases
Leases where the Company has substantially all the risks and rewards of ownership are classified as finance leases. Finance leases are
capitalised at the inception of the lease at the lower of the fair value of the leased asset and the present value of the minimumlease
payments.
Each lease payment is apportioned between the finance charge and the reduction of the outstanding liability. The outstanding liability is
included in other short/ long-term borrowings.
The finance charge is charged to the statement of profit and loss over the lease period so as to produce a constant periodic rate of interest
on the remaining balance of the liability for each period.
l) Provisions and contingent liabilities
Provisions are recognized when there is a present obligation as a result of a past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation and there is a reliable estimate of the amount of the obligation.
Provisions are measured at the best estimate of the expenditure required to settle the present obligation at the Balance sheet date and are
not discounted to its present value.
Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed
only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a
present obligation that arises from past events, where it is either not probable that an outflow of resources will be required to settle the
obligation or a reliable estimate of the amount cannot be made.
108
m) Cash and cash equivalents and Cash flow statement
In the cash flow statement, cash and cash equivalents include cash in hand, demand deposits with banks, other short-term highly liquid
investments with original maturities of three month or less.
Cash flows are reported using the indirect method, whereby net profits before tax are adjusted for the effects of the transactions of a
non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from regular revenue generating,
investing and financing activities of the company are segregated.
n) Segment Reporting
The accounting policies adopted for segment reporting are in conformity with the accounting policies adopted for the Company. Further,
inter-segment revenue is accounted for based on the transaction price agreed to between segments which is primarily market based.
Revenue and expenses is identified to segments on the basis of their relationship to the operating activities of the segment. Revenue and
expenses, which relate to the Company as a whole and are not allocable to segments on a reasonable basis, are included under
‘Unallocated corporate expenses/ income’.
o) Extraoridinary Items
Exceptional items are those items that management considers, by virtue of their size or incidence, should be disclosed separately to
ensure that the financial information allows an understanding of the underlying performance of the business in the year, so as to facilitate
comparison with prior years.
p) Earnings Per Share
Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted
average number of equity shares outstanding during the period. Earnings considered in ascertaining the Company’s earnings per share is
the net profit for the period after deducting preference dividends and any attributable tax thereto for the period. The weighted average
number of equity shares outstanding during the period and for all periods presented is adjusted for events, such as bonus shares, other
than the conversion of potential equity shares that have changed the number of equity shares outstanding, without a corresponding change
in resources. For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity
shareholders and the weighted average number of shares outstanding during the period is adjusted for the effects of all dilutive potential
equity shares.
3 Significant accounting judgments, estimates and assumptions
The preparation of financial statements requires management to make judgments, estimates and assumptions that affect the reported
amounts of revenues, expenses, assets and liabilities, the accompanying disclosures, and the disclosure of contingent liabilities.
Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of
assets or liabilities affected in future years.
3.1 Estimates and assumptions
The key assumptions concerning the future and other key sources of estimation uncertainty at the year end date, that have a significant
risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below.
The Company based its assumptions and estimates on parameters available when the financial statements were prepared. Existing
circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising that are
beyond the control of the Company. Such changes are reflected in the assumptions when they occur.
Useful lives of property, plant and equipment and intangible assetsAs described in the significant accounting policies, the Company
reviews the estimated useful lives of property, plant and equipment and intangible assets at the end of each reporting period. Useful lives
(I)
of intangible assets is determined on the basis of estimated benefits to be derived from use of such intangible assets. These reassessments
may result in change in the depreciation /amortisation expense in future periods.
109
ImpairmentIn assessing impairment, management estimates the recoverable amount of each asset on expected future cash flows and uses
(II) an interest rate to discount them. Estimation uncertainty relates to assumptions about future operating results and the determination of a
suitable discount rate.
(III) Contingencies
Management judgement is required for estimating the possible outflow of resources, if any, in respect of contingencies/ claim/ litigation
against company as it is not possible to predict the outcome of pending matters with accuracy.
[201700] Notes - Government grants

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
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
[201200] Notes - Employee benefits

01/04/2022
to
31/03/2023
Disclosure of employee benefits explanatory [TextBlock] [See below]
110
Disclosure of employee benefits explanatory [Text Block]
Employee Benefits
Short-term employee benefit obligations
Liabilities for wages, salaries and bonus including non-monetary benefits that are expected to be settled wholly within 12 months after the end of
the year in which the employees render the related service are recognized in respect of employees’ services up to the end of the year and are
measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations
in the balance sheet.
Defined contribution plan
Provident Fund: Contribution towards provident fund for certain employees is made to the regulatory authorities, where the Company has no
further obligations. Such benefits are classified as defined contribution schemes as the Company does not carry any further obligations, apart
from the contributions made on a monthly basis.
Defined benefit plans
Gratuity: The Company provides for gratuity, a defined benefit plan (the ‘Gratuity Plan’) covering eligible employees in accordance with the
Payment of Gratuity Act, 1972. The Gratuity Plan provides a lump sum payment to vested employees at retirement, death, incapacitation or
termination of employment, of an amount based on the respective employee’s salary and the tenure of employment. The Company’s liability is
actuarially determined (using the projected unit credit method) at the end of each year. Actuarial losses/gains are recognised in the statement of
profit and loss in the year in which they arise.
[201300] Notes - Segments

01/04/2022
to
31/03/2023
Disclosure of enterprise's reportable segments explanatory [TextBlock] [See below]
Disclosure of enterprise's reportable segments explanatory [Text Block]
Segment reporting
The Company is primarily engaged in one business segment namely manufacturing and processing of food items. As such there is no separate
reportable segment as per "AS 17 - Segment reporting", hence segment wise performance of the company has not been provided.
111
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] CRP1 CRP2
01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022
Disclosure of relationship and transactions between
related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
WALKO FOOD WALKO FOOD
Mr. Jeetendra Mr. Jeetendra
Name of related party COMPANY PRIVATE COMPANY PRIVATE
Bhandari Bhandari
LIMITED LIMITED
Country of incorporation or residence of related
INDIA INDIA INDIA INDIA
party
Permanent account number of related party AWLPB4915G AWLPB4915G
CIN of related party U15549MH2012PTC232875 U15549MH2012PTC232875
Key Management Key Management
Description of nature of related party relationship Holding company Holding company
Personnel Personnel
Description of nature of transactions with related Please refer to textblock of Please refer to textblock of
textblock of related textblock of related
party related party transactions related party transactions
party transactions party transactions
Amount written off during period in respect
0 0 0 0
of debts due from related parties
Amount written back during period in respect
0 0 0 0
of debts due to related parties
Disclosure of relationship and transactions between related parties [Table] ..(2)

Categories of related parties [Axis] CRP3
01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of relationship and transactions between related parties [Abstract]
Disclosure of relationship and transactions between related parties [LineItems]
Name of related party Mr. Sanjiv Shah Mr. Sanjiv Shah
Country of incorporation or residence of related party INDIA INDIA
Permanent account number of related party ABCPS2830D ABCPS2830D
Key Management Key Management
Description of nature of related party relationship Personnel Personnel
Description of nature of transactions with related party textblock of related textblock of related
party transactions party transactions
Amount written off during period in respect of debts due from related parties 0 0
Amount written back during period in respect of debts due to related parties 0 0

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of notes on related party explanatory [TextBlock] [See below]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company Yes Yes
Section under which company is subsidiary Section 2(87)(ii) Section 2(87)(ii)
112
Disclosure of notes on related party explanatory [Text Block]

Related party disclosures
A) Names of related parties and description of relationship as identified and certified by the Company:
Name of the company Relationship
Walko Food Company Private Limited Holding company
Shark and Ink Entertainment Private Limited Parties under common control with whom transactions have taken place during the year
X Bix Techventures Private Limited Parties under common control with whom transactions have taken place during the year
Key management personnel (KMP) Relationship
Mr. Jeetendra Bhandari Director
Mr. Sanjiv Shah Director
Mr. Ameet Pahilani (upto 8 June 2021) Director
Mr. Virendra Bhandari (w.e.f 18 May 2021) Director
Mr. Neeraj Garg Director
Mr. Rajendra Bhandari (w.e.f 18 May 2021) Director
B) Transactions with related party during the year are as follows:
Year ended31 March 2023 Year ended31 March 2022
(i) Revenue from operations
Mr. Sanjiv Shah 69,655.00 10,411.00
Mr. Jeetendra Bhandari 9,390.00 12,258.00
113
Mr. Ameet Pahilani - 18,045.00
(ii) Purchase of fixed Asset
X Bix Techventures Private Limited 9,00,000.00 -
(iii) Reimbursement paid towards expenses
Mr. Sanjiv Shah 2,31,732.00 5,80,477.00
Mr. Jeetendra Bhandari 2,746.00 32,597.00
Walko Food Company Private Limited 1,10,653.00 6,00,780.00
Shark and Ink Entertainment Private Limited 36,98,630.00 9,94,175.00
(iv) Term loan from holding company (net)
Walko Food Company Private Limited 2,300.00 700.00
(v) Interest expense
Walko Food Company Private Limited 92,63,017.00 63,93,952.00
C) Amount due to/from related party as on:
As at 31 March 2023 As at 31 March 2022
(i) Trade payables
Walko Food Company Private Limited 1,43,90,347.00 5,81,000.00
Mr. Sanjiv Shah - 42,186.00
Shark and Ink Entertainment Private Limited 1,90,026.00 -
X Bix Techventures Private Limited 10,62,000.00 -
(ii) Term loan including interest accrued and due
Walko Food Company Private Limited 30,89,93,404.00 7,21,50,137.00
114
[201400] Notes - Leases

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of leases explanatory [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa
[300300] Notes - Earnings per share

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of earnings per share explanatory [TextBlock]
Weighted average shares and adjusted weighted average shares [Abstract]
Basic weighted average shares [shares] 1,00,000 [shares] 1,00,000
Adjustments of numerator to calculate basic earnings per share [Abstract]
Numerator to calculate basic earnings per share -2,655.84 86.3
Adjustments of numerator to calculate diluted earnings per share [Abstract]
[202800] Notes - Subsidiary information

01/04/2022
to
31/03/2023
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
115
[201900] Notes - Income taxes

31/03/2023 31/03/2022
Disclosure of notes on income taxes explanatory [TextBlock]
Disclosure of breakup of deferred tax assets and deferred tax liabilities
[Abstract]
Components of deferred tax assets [Abstract]
Deferred tax asset, expenditure disallowances 15.94 9.24
Deferred tax asset, provision doubtful debts 22 27.64
Deferred tax asset, unabsorbed depreciation 0 0
Deferred tax asset, other 11.26 11.26
Total deferred tax assets 49.2 48.14
Components of deferred tax liabilities [Abstract]
Deferred tax liability, depreciation 18.7 18.7
Deferred tax liability, other 19.24 0
Total deferred tax liabilities 37.94 18.7
[202400] Notes - Investments in associates

01/04/2022
to
31/03/2023
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
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2022
to
31/03/2023
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
[202100] Notes - Other provisions, contingent liabilities and contingent assets

01/04/2022
to
31/03/2023
Disclosure of notes on other provisions, contingent liabilities and
contingent assets explanatory [TextBlock]
Disclosure of contingent liabilities explanatory [TextBlock] [See below]
116
Disclosure of contingent liabilities explanatory [Text Block]

Contingent liabilities and commitments
As at31 As at31
March 2023 March 2022
Contingent liabilities
Bank guarantees 10,36,836.00 10,36,836.00
Commitments
Estimated amount of contracts remaining to be executed on capital account and not provided for, net of advance
60,71,420.00 1,87,251.00
paid INR 28.69 lakhs (31 March 2022: INR 7.68 lakhs)
During the current year, a suit was filed against the Company for infringement and/or passing off of the Intellectual Property in Delhi High Court
by a competitor. Since, the matter is sub-judice, the outcome of the said litigation cannot be determined till final adjudication of the suit. (refer
note note 28 below)
[202700] Notes - Cash flow statements

01/04/2022 01/04/2021
to to 31/03/2021
31/03/2023 31/03/2022
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 124.37 748.85 90.47
Other differences to cash and cash equivalents in statement of cash
0 0
flows
Total cash and cash equivalents 124.37 748.85
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 27.89 114.75
Total income taxes paid (refund) 27.89 114.75
117
[100200] Statement of profit and loss

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
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 16,997.87 12,839.16
Revenue from sale of services 0 0
Other operating revenues 43.51 30.6
Total revenue from operations other than finance company 17,041.38 12,869.76
Total revenue from operations 17,041.38 12,869.76
Other income 21.74 31.29
Total revenue 17,063.12 12,901.05
Expenses [Abstract]
Cost of materials consumed 8,186.89 5,430.73
Purchases of stock-in-trade 0 0
Changes in inventories of finished goods, work-in-progress and
-234.25 -287.14
stock-in-trade
Employee benefit expense 1,876.5 1,068.75
Finance costs 241.53 206.66
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 249.99 183.11
Amortisation expense 13.5 8.5
Total depreciation, depletion and amortisation expense 263.49 191.61
CSR expenditure 0 0
Other expenses 8,334.06 5,563.77
Total expenses 18,668.22 12,174.38
Total profit before prior period items, exceptional items, extraordinary
-1,605.1 726.67
items and tax
Total profit before extraordinary items and tax -1,605.1 726.67
Extraordinary items before tax -1,032.56 -654.49
Total profit before tax -2,637.66 72.18
Tax expense [Abstract]
Current tax 0 11.04
Deferred tax 18.18 -25.16
Total tax expense 18.18 -14.12
Total profit (loss) for period from continuing operations -2,655.84 86.3
Total profit (loss) for period before minority interest -2,655.84 86.3
Total profit (loss) for period -2,655.84 86.3
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] -2,655.84 [INR/shares] 86.3
Diluted earnings per equity share [INR/shares] -2,655.84 [INR/shares] 86.3
118
[300500] Notes - Subclassification and notes on income and expenses

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross 16,997.87 12,839.16
Total revenue from sale of products 16,997.87 12,839.16
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Revenue from sale of services, gross 0 0
Total revenue from sale of services 0 0
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 43.51 30.6
Total other operating revenues 43.51 30.6
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on other current investments 21.68 31.25
Total interest income on current investments 21.68 31.25
Interest income on long-term investments [Abstract]
Interest on other long-term investments 0 0
Total interest income on long-term investments 0 0
Total interest income 21.68 31.25
Dividend income [Abstract]
Dividend income current investments [Abstract]
Dividend income current investments from others 0 0
Total dividend income current investments 0 0
Dividend income long-term investments [Abstract]
Dividend income long-term investments from others 0 0
Total dividend income long-term investments 0 0
Total dividend income 0 0
Other non-operating income [Abstract]
Surplus on disposal, discard, demolishment and destruction of
0.06 0.04
depreciable tangible asset
Total other non-operating income 0.06 0.04
Total other income 21.74 31.29
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense long-term loans [Abstract]
Interest expense long-term loans, banks 148.9 142.72
Total interest expense long-term loans 148.9 142.72
Interest expense other borrowings 92.63 63.94
Total interest expense 241.53 206.66
Total finance costs 241.53 206.66
Employee benefit expense [Abstract]
Salaries and wages 1,648.15 962.01
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Other benefits to directors 0 0
Total remuneration to directors 0 0
Remuneration to manager [Abstract]
Other benefits to manager 0 0
Total remuneration to manager 0 0
Total managerial remuneration 0 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 106.21 67.46
Total contribution to provident and other funds 106.21 67.46
119
Expense on employee stock option scheme and employee stock purchase plan 12.18 0
Gratuity 22.76 11.11
Staff welfare expense 87.2 28.17
Total employee benefit expense 1,876.5 1,068.75
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 0 0
Power and fuel 0 0
Rent 0 0
Repairs to building 0 0
Repairs to machinery 72.31 34.68
Insurance 3.5 1.66
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 46.58 48.77
Total rates and taxes excluding taxes on income 46.58 48.77
Electricity expenses 0 0
Telephone postage 21.49 15.56
Travelling conveyance 141.9 87.05
Legal professional charges 722.28 643.47
Directors sitting fees 0 0
Bank charges 4 7.96
Advertising promotional expenses 1,565.32 507.38
Commission paid sole selling agents 2,519.05 2,149.12
Transportation distribution expenses 1,329.33 744.48
Cost repairs maintenance other assets 18.47 7.66
Cost lease rentals 768.74 563.68
Provision bad doubtful debts created 53.75 14.14
Provision bad doubtful loans advances created 0 0
Net provisions charged [Abstract]
Other provisions created 0 0
Total net provisions charged 0 0
Discount issue shares debentures written off [Abstract]
Discount issue debentures written off 0 0
Total discount issue shares debentures written off 0 0
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0 0
Bad debts written off 0 9.86
Bad debts advances written off 0 0
Total write-off assets 0 9.86
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 12 5.8
Payment for taxation matters 1 0
Payment for other services 0 12.32
Total payments to auditor 13 18.12
Miscellaneous expenses 1,054.34 710.18
Total other expenses 8,334.06 5,563.77
Current tax [Abstract]
Current tax pertaining to previous years 0 -0.22
Current tax pertaining to current year 0 11.26
Total current tax 0 11.04
120
[300600] Notes - Additional information statement of profit and loss
Details of raw materials consumed [Table] ..(1)

Categories of raw materials consumed [Axis] Raw materials consumed 1 [Member] Raw materials consumed 2 [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022
Additional information on profit and loss account
[Abstract]
Additional details in case of manufacturing companies
[Abstract]
Details of raw materials consumed [Abstract]
Details of raw materials consumed [LineItems]
Cost of raw Cost of raw materials Cost of packing Cost of packing
Description of raw materials category materials consumed consumed materials consumed materials consumed
Total raw materials consumed 6,372.63 4,220.58 1,814.26 1,210.15

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Additional information on profit and loss account explanatory [TextBlock]
Changes in inventories of finished goods -142.13 -260.46
Changes in inventories of work-in-progress -92.12 -26.68
Total changes in inventories of finished goods, work-in-progress and
-234.25 -287.14
stock-in-trade
Attachment of property of enterprise 0 0
Earthquake 0 0
Other items extraordinary -1,032.56 -654.49
Total extraordinary items before tax -1,032.56 -654.49
Tax effect of extraordinary items 0 0
Total extraordinary items -1,032.56 -654.49
Total exceptional and extraordinary items -1,032.56 -654.49
Total prior period items after tax 0 0
Total gross income from services rendered 0 0
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 0 0
Final dividend remitted in foreign currency 0 0
Interim dividend remitted in foreign currency 0 0
Special dividend remitted in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
Earnings on interest 0 0
Earnings on dividend 0 0
Total earnings on interest and dividend 0 0
Earnings on other income 0 0
Total earnings in foreign currency 0 0
Domestic sale manufactured goods 0 0
Domestic sale traded goods 16,997.87 12,839.16
Total domestic turnover goods, gross 16,997.87 12,839.16
Export sale manufactured goods 0 0
Export sale traded goods 0 0
Total export turnover goods, gross 0 0
Total revenue from sale of products 16,997.87 12,839.16
Domestic revenue services 0 0
Export revenue services 0 0
Total revenue from sale of services 0 0
Gross value of transaction with related parties as per AS-18 0 0
Bad debts of related parties as per AS-18 142.87 86.42
121
[300100] Notes - Revenue

01/04/2022
to
31/03/2023
Disclosure of revenue explanatory [TextBlock] [See below]
Disclosure of revenue explanatory [Text Block]
Revenue Recognition
Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably
measured.
(i) Sale of products
Revenue from the sale of goods is recognised when the significnat risk and rewards of ownbership of the goods is transferred to the buyer as per
the terms of the contract which coincides with the delivery of the goods and no significant uncertainty exists regarding the amount of the
consideration that will be derived from the sale of the goods and regarding its collection. Revenue from the sale of goods is measured at the fair
value of the consideration received or receivable. Revenue from the sale of goods is recognised net of trdae discounts and goods and service
tax.Revenue is presented gross of additional selling cost incurred by the related to business promotion expense and business development
expense incurred and payable to the buyer. Such expense is presented as separately under other operating expense in the financial statement.
(ii) Franchisee Fees
The Company derives its income by appointing new Franchisee for sale of the products. Income is based on a 'fixed rate' model as per the terms
of the contract entered into by the Company with franchisees and recognised on opening of the outlet.
122
[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] KMP2 KMP3 KMP4
01/04/2022 01/04/2022 01/04/2022
to to to
31/03/2023 31/03/2023 31/03/2023
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]
JEETENDRA
SANJIV INDAR
Name of key managerial personnel or director SHAH
KAILASH NEERAJ GARG
BHANDARI
Director identification number of key managerial personnel or
03113797 03440090 06801463
director
Date of birth of key managerial personnel or director 28/11/1957 01/02/1951 19/11/1962
Designation of key managerial personnel or director Director Director Director
CPA - US,MBA in
Qualification of key managerial personnel or director Engineer
Finance
B. Tech,MBA
Shares held by key managerial personnel or director [shares] 0 [shares] 0 [shares] 0

Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director 0 0 0
Perquisites key managerial personnel or director 0 0 0
Profits in lieu of salary key managerial personnel or director 0 0 0
Gross salary to key managerial personnel or director 0 0 0
Sweat equity key managerial personnel or director 0 0 0
Total key managerial personnel or director remuneration 0 0 0
[301000] Notes - Corporate social responsibility

01/04/2022
to
31/03/2023
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
No
company
Amount CSR spent for financial year 0
123

XBRL Financial Statements Duly Authenticated As Per Section 134 (Including Board

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

XBRL Financial Statements Duly Authenticated As Per Section 134 (Including Board

Uploaded by

Copyright:

Available Formats

WALKO QSR COMPANY PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2022 to 31/03/2023

[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 Lakhs of INR

During the year under

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

1. Financial Results (INR Lakhs)

Year ended Year ended

March 31 2023 March 31 2023

Revenue from Operations 17,041.38 12,869.76

Other Income 21.74 31.29

Less: Depreciation/ Amortisation/ Impairment 261.93 191.61

Less: Finance Costs 245.53 214.62

Less: Exceptional items 1,032.56 654.49

(Loss) / profit before Tax Expense (2,637.66) 72.18

Less: Tax Expense (Current and Deferred) 18.18 (14.12)

(Loss) / profit for the year (1) (2,655.84) 86.30

Balance of profit /loss for earlier years (2) (573.60) (659.90)

Total (1+2) (3,229.44) (573.60)

Less: Transfer to Debenture Redemption Reserve - -

Less: Transfer to Reserves - -

Less: Dividend paid on Equity Shares - -

Less: Dividend paid on Preference Shares - -

Less: Dividend Distribution Tax - -

Balance carried forward (3,229.44) (573.60)

3. State of Company’s affairs

4. Change in nature of business

6. Transfer to Investor Education and Protection Fund

7. Merger Process with the Parent Company

i. Authorised share capital

ii. Issued, subscribed and paid up share capital

8. Board meetings and general meetings

Mr. Jeetendra Bhandari a a a a a

Mr. Sanjiv Indar Shah a a a a a

Mr. Neeraj Garg a a r r r

Mr. Rajendra Bhandari a a a a Resigned

Mr. Virendra Bhandari a a r r Resigned

9. Corporate Social Responsibility (CSR)

10. Vigil Mechanism and Whistle Blower Policy

11. Risk Management

Risk Management at Walko QSR forms an integral part of management focus.

12. Corporate Governance and Compliance

13. Auditors and auditors’ reports

14. Internal Financial Controls

15. Particular of Employees

16. Disclosure regarding Employee Stock Option Plans

17. Prevention of Sexual Harassment

· Annual training of all the ICC members

· Mandatory session on POSH for all new joiners.

(a) Number of complaints pending at the beginning of the year - NIL

(b) Number of complaints received during the year - NIL

(c) Number of complaints disposed off during the year - NIL

(d) Number of cases pending at the end of the year - NIL

ii) Technology Absorption

iii) Foreign Exchange earnings and outgo INR in Lakhs

Foreign exchange earned NIL

Foreign exchange outgo 85.58

19. General Disclosures