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

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

Unless otherwise specified, all monetary values are in INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Corporate identity number U24110MH1997PTC108843
Permanent account number of entity AABCK3689H
101, Terminal 9, Near
Hotel Sahara Star, Nehru
Address of registered office of company Road, Vile Parle (East)
Mumbai Mumbai City MH
400057
Commercial and
Type of industry Industrial
Registration date 17/06/1997
Company limited by Shares
Category/sub-category of company / Non-govt company
Whether company is listed company No
Date of board meeting when final accounts were approved 03/09/2019
Period covered by financial statements 01/04/2018-31/03/2019 01/04/2017-31/03/2018
Date of start of reporting period 01/04/2018 01/04/2017
Date of end of reporting period 31/03/2019 31/03/2018
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other
No
relevant books and papers in electronic form
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] Column 1 Column 2 Column 3 Column 4
01/04/2018 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
Disclosure of 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 3812 2915 2833 2824
Description of product or service category One pack stabilizer Zinc Stearates Individual Stabilizers Litharge
Turnover of product or service category 172,17,86,512 23,68,05,513 42,29,27,760 24,64,18,913
Highest turnover contributing product or
38123090 29157090 28332990 28241010
service (ITC 8 digit) code
Tri Basic Lead
Description of product or service One pack stabilizer Zinc Stearates
Sulphate
Litharge
Unit of measurement of highest contributing

kgs kgs kgs kgs
product or service
Turnover of highest contributing product or service 172,17,86,512 23,68,05,513 42,29,27,760 24,64,18,913
Quantity of highest contributing product or
[pure] 1,45,34,313 [pure] 24,99,409 [pure] 25,68,752.6 [pure] 15,25,309
service in UoM
GOLDSTAB ORGANICS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2018 to 31/03/2019
[400400] Disclosures - Directors report
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] Column 1 Column 2
01/04/2018 01/04/2018
to to
31/03/2019 31/03/2019
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director SANDEEP RAJEEV
Middle name of director MAHENDRA RAMESH
Last name of director SHAH MEHENDALE
Designation of director DIRECTOR DIRECTOR
Director identification number of director 00306045 00306068
Date of signing board report 03/09/2019 03/09/2019
2

01/04/2018
to
31/03/2019
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair As per attachment
Disclosure relating to amounts if any which is proposed to carry to any
As per attachment
reserves
Disclosures relating to amount recommended to be paid as dividend As per attachment
Details regarding energy conservation As per attachment
Details regarding technology absorption As per attachment
Details regarding foreign exchange earnings and outgo As per attachment
Disclosures in director’s responsibility statement As per attachment
Details of material changes and commitment occurred during period
As per attachment
affecting financial position of company
Particulars of loans guarantee investment under section 186 [TextBlock] As per attachment
Particulars of contracts/arrangements with related parties under section
As per attachment
188(1) [TextBlock]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Whether there are material contracts/arrangements/transactions at
No
arm's length basis
Details of statement indicating manner in which formal
annual evaluation made by board of its performance and of its As per attachment
committees and individual directors [TextBlock]
Date of board of directors' meeting in which board's report referred
03/09/2019
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3)
As per attachment
[TextBlock]
Disclosure of statement on declaration given by independent directors
As per attachment
under section 149(6) [TextBlock]
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters As per attachment
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk
As per attachment
management policy [TextBlock]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year As per attachment
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock] As per attachment
Disclosure of financial summary or highlights [TextBlock] As per attachment
Disclosure of change in nature of business [TextBlock] As per attachment
Details of directors or key managerial personnels who were
As per attachment
appointed or have resigned during year [TextBlock]
Disclosure of companies which have become or ceased to be its
subsidiaries, joint ventures or associate companies during As per attachment
year [TextBlock]
Details relating to deposits covered under chapter v of companies act
As per attachment
[TextBlock]
Details of deposits which are not in compliance with requirements
As per attachment
of chapter v of act [TextBlock]
Details of significant and material orders passed by
regulators or courts or tribunals impacting going concern As per attachment
status and company’s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with
As per attachment
reference to financial statements [TextBlock]
Disclosure of appointment and remuneration of managerial personnels As per the
[TextBlock] attachment
Number of meetings of board [pure] 4
3
Disclosure in board of directors report explanatory [Text Block]

DIRECTORS REPORT 2018-2019
To,
The Members,
Mumbai
Dear Members,
Your Directors have pleasure in presenting their 22nd Annual Report on the business and operations of the Company and the audited accounts for
the financial year ended 31st March, 2019.
FINANCIAL SUMMARY OR HIGHLIGHTS/PERFORMANCE OF THE COMPANY
The financial results for the year ended 31st March, 2018 and the corresponding figures for the last year are as under:-
Particulars 2018-2019 2017-2018
Revenue from Operations 2,75,64,74,139 2,52,23,46,253
Other Income 3,08,47,570 2,14,96,683
4
Total Revenue 2,78,73,21,709 2,54,38,42,936
Less: Expenses excluding Interest & Depreciation 2,48,09,12,325 2,32,22,11,583
Profit Before Interest, Depreciation & Tax 30,64,09,384 22,16,31,353
Less: Finance Cost 2,30,31,951 1,69,24,812
Less: Depreciation & Amortization Expenses 3,10,10,727 2,67,92,740
Profit before Tax 25,23,66,706 17,79,13,801
Less: Provision for Tax 7,18,30,000 6,00,95,000
Less: Tax payment and provision for earlier years - 6,66,775
Less: Deferred Tax 15,65,594 -40,45,123
Profit after Tax 17,89,71,112 12,11,97,149
5
Less : Proposed Dividend & Tax thereon - 19,06,470
Balance carried to Balance Sheet 17,89,71,112 11,92,90,679
RESERVES & SURPLUS
Company has transferred Rs. 17,89,71,112 was transferred to the Surplus reserves during the financial year ended 31stMarch, 2019.
BRIEF DESCRIPTION OF THE COMPANY'S WORKING DURING THE YEAR/STATE OF COMPANY'S AFFAIR
Your Directors have pleasure to inform you that the company achieved 9.28% growth in gross revenue which increased from Rs. 2,52,23,46,253/-
in FY 2017-18 to Rs. 2,75,64,74,139/- in FY 2018-19 and profit after tax increased by 47.66% from Rs. 12,11,97,149/- to Rs. 17,89,71,112/-.
Your Company posted another stellar performance in financial year 2018-2019 and continued its growth momentum. The Company offers wide
range of chemicals and it continues to expand its geography presence. Your Company’s portfolio continued to grow with an increase in customer
base.
DIVIDEND
6
No dividend has been declare for the financial year 2018-19.
TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND
The Company has not transferred any amount to Investor Education and Protection Fund as there were no amount lying unclaimed and unpaid for
a period of seven or more years.
CHANGE IN THE NATURE OF BUSINESS
There is no change in the nature of the business of the Company done during the year.
EVENTS SUBSEQUENT TO THE DATE OF FINANCIAL STATEMENTS
No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which
these financial statements relate to the date of this report.
DETAILS OF SUBSIDIARY/JOINT VENTURES/ASSOCIATE COMPANIES
The Company does not have any Subsidiary, Joint Ventures or Associates Companies.
PERFORMANCE AND FINANCIAL POSITION OF EACH OF THE SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE COMPANIES
INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENT
Since the company has no Subsidiaries, Associates And Joint Venture Companies and hence it does not require to provide Consolidated Financial
Statements.
MEETINGS
7
The Board meets at regular intervals to discuss and decide on Company business policy and strategy apart from other Board business. The notice
of Board meeting is given well in advance to all the Directors. The Agenda of the Meeting is circulated at least a week prior to the date of the
meeting. The Board met 7 times in financial year 2018-2019 viz. on 18.04.2018, 13.06.2018, 02.08.2018, 10.08.2018, 27.08.2018, 27.09.2018,
02.01.2019 & 14.03.2019. The maximum interval between any two meetings did not exceed 120 days.
DIRECTORS AND KEY MANAGERIAL PERSONNEL
There is no other change in Directors and Key Managerial Personnel of the company during the year. The Board consists of the following:
S.No DIN Name Designation Date of Appointment
1 00132613 Mr. Jayendra Ratilal Shah Director 17/07/2015
2 00306045 Mr. Sandeep Mahendra Shah Director 18/06/1997
3 00306068 Mr. Rajeev Ramesh Mehendale Director 18/06/1997
DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITY
INITIATIVES
Your Company has constituted a Corporate Social Responsibility (CSR) Committee in accordance with the provisions of Section 135 of the
Companies Act, 2013 and applicable Rules. The CSR Committee was constituted by the Board of Directors of the Company in 10th March 2016.
8
Average Net profits as per provision of Company for the last three financial years is Rs. 14,61,62,617/- (Rupees Fourteen Crores Sixty One Lacs
Sixty Two Thousand Six Hundred Seventeen Only). Prescribed CSR expenditure (i.e. two percent of the amount as specified above) is Rs.
29,23,252/- (Rupees Twenty Nine Lacs Twenty Three Thousand Two Hundred Fifty Two Only).
The Company has contributed Rs. 29,25,000/- to Section 8 Company named Goldstab Social Welfare Foundation (GSWF) promoted by the
promoters Mr. Sandeep Shah, Mr Rajeev Ramesh Mehendale, Mrs Avani S. Shah and Mrs Swati R. Mehendale, of the Company. GSWF is
incorporated on 30.01.2016 and engaged in activities of promoting social welfare, for eradicating extreme hunger and poverty, promoting
education including special education, and employment enhancing vocation skills especially among children, women, elderly and livelihood
enhancement projects, to promote gender equality and empower woman setting up homes and hostels for women and orphans; set up old age
homes, day care centers and other facilities for senior citizens and measures for reducing inequalities face by socially and economically backward
groups. All this activities are compatible with CSR guidelines given by government. GSWF is conducting CSR activities and as per report
submitted, the companies contribution made towards CSR was utilised for Dahanu School & boarding (Separate Toilet blocks for boys and girls
and compound wall around girls hostel), Adivasi income generation of Kanadu farmer (bore wells and pump set for irrigation of agricultural
land), Kerala flood relief Fund.
The Directors would also like to take this opportunity to state that CSR through financial inclusion has always been a fundamental part of your
Company's business philosophy and culture and the Company takes its social responsibilities extremely seriously. The Company will speed up
spending on CSR activities in the coming years.
Detailed Report on CSR activities is attached as Annexure C.
RISK MANAGEMENT POLICY
The Directors of the company are engaged in the field in which the company is engaged for a long duration and majority of the risks affecting the
company are forecasted by the Directors and reasonable steps are taken by them and are mitigated by them on continuing basis .
SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS
During the year no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and
company’s operations in future.
CHANGES IN SHARE CAPITAL
The Company has not issued any Equity Shares during the year under review. The paid up capital of the Company as on 31st March, 2019 was
Rs. 2,64,00,000/- divided into 26,40,000 Equity Shares of Rs. 10/- each.
9
STATUTORY AUDITORS
TALATI & CO. (FRN 110757W), Chartered Accountants, Statutory Auditors, were appointed for a period of five years during the Annual
General Meeting held on 30.09.2015, until the conclusion of 23rd Annual General Meeting to be held in the year 2020, subject to ratification at
every Annual General Meeting in terms of Section 139 of the Companies Act, 2013. They have confirmed their eligibility and willingness for the
next term from the conclusion of ensuing annual general meeting to the conclusion of next annual general meeting. The Board of Directors,
therefore, recommend ratification of appointment for F.Y. 2019-20 of TALATI & CO. (FRN 110757W), Chartered Accountants, as statutory
auditors of the company for the approval of Shareholders.
AUDITORS' REPORT
The Auditors' Report does not contain any qualification. Notes to Accounts and Auditors' remarks in their report are self-explanatory and do not
call for any further comments.
MAINTENANCE OF COST RECORDS AS SPECIFIED BY THE CENTRAL GOVERNMENT UNDER SUB-SECTION (1) OF SECTION
148 OF THE COMPANIES ACT, 2013
Pursuant to the Rules made by the Central Government of India, the Company is required to maintain cost records as specified u/s 148(1) of the
Act in respect of its products, for which accounts and records are duly maintained. The Cost audit report has been for the financial year ended
31.03.2019 has been provided by M/s. N. Ritesh & Associates (Firm Registration Number 100675).
FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION 12 OF SECTION 143
No fraud has been reported by auditors under sub-section 12 of section 143 for the financial year ended 31st March, 2019.
EXTRACT OF ANNUAL RETURN
10
As required pursuant to section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules,
2014 an extract of annual return in MGT 9 as a part of this Annual Report as ANNEXURE 'B'.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186
There are no loans, guarantees or investments in excess of the limits prescribed under section 186 of the Companies Act, 2013.
DEPOSIT
The Company has not accepted any deposits within the meaning of Section 73 of the Companies Act, 2013 and the Companies (Acceptance of
Deposits) Rules, 2014, and, as such, no amount of principal or interest was outstanding, as on the date of closure of the balance sheet.
PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES
No agreement was entered with related parties by the Company during the current year.
All the related party transactions were entered by the Company in ordinary course of business and were in arm's length basis. The Company
presents all related party transactions before the Board specifying the nature, value and terms and conditions of the transaction. Transactions with
related parties are conducted in a transparent manner with the interest of the Company and stakeholders as utmost priority.
Since there are no material related party transactions entered by the Company, FORM AOC- 2 is not applicable to the Company.
11
DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND
REDRESSAL) ACT, 2013
The Company is committed to provide a safe and conducive work environment to its employees. During the year under review your Directors
further state that, there were no cases filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal)
Act, 2013.
PARTICULARS OF EMPLOYEES
A statement containing the names and other particulars of every employee employed throughout the financial year and in receipt of remuneration
of Rs. 1.02 Crores or more or employed for the part of the year and in receipt of remuneration of Rs. 8.50 Lacs or more a month under Rule 5(2)
of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is appended as ANNEXURE‘A’ to this Report.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREGIN EXCHANGE EARNING AND OUTGO
The details of conservation of energy, technology absorption, foreign exchange earnings and outgo are as follows:
a) Conservation of energy
Regular energy auditing of each section carried out and action taken accordingly to maintain standard norms related with consumption and output
etc. By monitoring the above things, the Company can bring down the cost of production.
b) Research & Development
Your Company believes that research & development is a continuous process for sustained corporate excellence. Our research & development
activities help us in product and service improvement, effective time management and are focused to provide unique benefits to our customers.
The Company has started one laboratory for experimenting and production of new chemicals which will help in generation of new products for
business expansion.
c) Technology Absorption
12
The Technology available and utilized is continuously being upgraded to improve overall performance and productivity.
d) Foreign Exchange Earnings : Rs. 98,47,14,453 (Previous Year Rs. 89,86,77,186/- )
Foreign Exchange Outgo: Rs. 52,02,04,945 (Previous Year Rs. 38,12,99,310/-)
DIRECTORS’ RESPONSIBILITY STATEMENT
To the best of their knowledge and belief and according to the information and explanations obtained by them, your Directors make the following
statement in terms of Section 134(3)(c) of the Companies Act, 2013:
a) In the preparation of annual accounts, the applicable accounting standards have been followed and that there are no material departures;
b) They have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2019 and of the profits of the Company for that
period;
c) They have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the
Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
d) They have prepared the annual accounts on a going concern basis;
e) They have devised proper systems to ensure compliance with the provisions of all applicable laws and that these systems are adequate and
operating effectively.
13
ACKNOWLEDGEMENTS
Your Directors place on record their sincere appreciation for the wholehearted and continued support extended by all the customers, suppliers,
banks, financial institution and other Government Authorities during the year under report. Your Directors also take this opportunity to express
their deep sense of gratitude to the commitment, dedication and hard work of all employees who have been a major driving force for the
Company’s progress.
For and on behalf of the Board of Directors
Goldstab Organics Private Limited
Sd/- sd/-
14
Sandeep M. Shah Rajeev R. Mehendale
Director Director
DIN: 00306045 DIN: 00306068
Add: 501, Labh Shraddha CHS Ltd, 36, Add: 401/402, Jeevan Deep, Baburao Parulkar Marg,
Baptista Road, Near Railway Crossing off. Gokhale Road South, Dadar (West), Mumbai-28
Vile Parle (West), Mumbai-56
Place: Mumbai
Date: 3rd September, 2019
ANNEXURE A
TO THE DIRECTORS’ REPORT
Information as per Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
Gross remuneration
Date
Employee/ KMP (including
Designation Educational Qualification Age Experience of
Name commission) paid
joining
(in Rs.)
Mr. Sandeep
Director Bachelor of Chemistry 52 27 Years 1997 1.69 Crores
Mahendra Shah
Mr. Rajeev
Ramesh Director Chemical Engineer 50 27 Years 1997 1.69 Crores
Mehendale
Mr. Jayendra
B.Sc. (Hons) Chemistry, B.Sc. (Tech),
M.Sc. (Tech), FIMMM (UK), FIPI, FIIChE.
Ratilal Director 85 47 Years 2015 NIL
Shah
15
ANNEXURE B
FORM NO. MGT-9
EXTRACT OF ANNUAL RETURN
as on the financial year ended on 31st March, 2018
[Pursuant to section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules, 2014]
I. Registration And Other Details
i.
CIN U24110MH1997PTC108843
ii.
Registration Date 17/06/1997
iii.
Name of the Company Goldstab Organics Private Limited
Company limited by shares

iv.
Category / Sub-category of the Company
Indian Non-Government Company
v. 101, Terminal 9, Near Hotel Sahara Star, Nehru Road, Vile Parle
16
Address of the Registered office and contact details (East), Mumbai-400057
vi.
Whether listed company N.A
Name, Address and Contact details of Registrar and

vii. N.A
Transfer Agent, if any
II. Principal Business Activities of the Company
All the business activities contributing 10% or more of the total turnover of the Company shall be stated:
Sr. Name and Description of main products / NIC Code of the product / % to total turnover of the
No. services service company
1. PVC Stabilizer including Metallic Stearates 20119 100%
III. Particulars of Holding, Subsidiary and Associates Companies
Sr. Name and Address of the CIN / Holding / Subsidiary / % of shares Applicable
No. Company GLN Associate held Section
Not Applicable
IV. Shareholding Pattern (Equity Share Capital Breakup as percentage of Total Equity)
17
i. Category wise shareholding
No. Of
No. Of %
Shares held
Category of Shares held Change
at the
Shareholders at the end of during the
beginning of
the year year
the year
% of % of
Demat Physical Total Total Demat Physical Total Total
shares Shares
A. Promoters
1. Indian
a) Individual / HUF Nil 26,40,000 26,40,000 100 Nil 26,40,000 26,40,000 100 Nil
b) Central Govt Nil Nil Nil Nil Nil Nil Nil Nil Nil
c) State Govt(s) Nil Nil Nil Nil Nil Nil Nil Nil Nil
d) Bodies Corp. Nil Nil Nil Nil Nil Nil Nil Nil Nil
e) Banks / FI Nil Nil Nil Nil Nil Nil Nil Nil Nil
f) Any Other Nil Nil Nil Nil Nil Nil Nil Nil Nil
Sub-total (A)(1) Nil 26,40,000 26,40,000 100 Nil 26,40,000 26,40,000 100 Nil
2. Foreign
a) NRIs –
Nil Nil Nil Nil Nil Nil Nil Nil Nil
Individuals
b) Other -
Individuals
18
c) Bodies Corp. Nil Nil Nil Nil Nil Nil Nil Nil Nil
d) Banks / FI Nil Nil Nil Nil Nil Nil Nil Nil Nil
e) Any Other Nil Nil Nil Nil Nil Nil Nil Nil Nil
Sub-total (A)(2) Nil Nil Nil Nil Nil Nil Nil Nil Nil
Total Shareholding of
Promoter (A) = Nil 26,40,000 26,40,000 100 Nil 26,40,000 26,40,000 100 Nil
(A)(1)+(A)(2)
B. Public Shareholding
1. Institutions
a) Mutual Funds Nil Nil Nil Nil Nil Nil Nil Nil Nil
b) Banks / FI Nil Nil Nil Nil Nil Nil Nil Nil Nil
c) Central Govt Nil Nil Nil Nil Nil Nil Nil Nil Nil
d) State Govt(s) Nil Nil Nil Nil Nil Nil Nil Nil Nil
e) Venture Capital
Funds
f) Insurance
Companies
g) FIIs Nil Nil Nil Nil Nil Nil Nil Nil Nil
h) Foreign Venture
Capital Funds
i) Others (specify) Nil Nil Nil Nil Nil Nil Nil Nil Nil
19
Sub-Total (B)(1) Nil Nil Nil Nil Nil Nil Nil Nil Nil
2. Non-Institutions Nil Nil Nil Nil Nil Nil Nil Nil Nil
a) Bodies Corp. Nil Nil Nil Nil Nil Nil Nil Nil Nil
i. Indian Nil Nil Nil Nil Nil Nil Nil Nil Nil
ii. Overseas Nil Nil Nil Nil Nil Nil Nil Nil Nil
b) Individuals Nil Nil Nil Nil Nil Nil Nil Nil Nil
i. Individual
shareholders holding
nominal share capital
upto Rs. 1 lakh
ii. Individual
shareholders holding
nominal share capital in
excess of Rs. 1 lakh
c) Others (specify) Nil Nil Nil Nil Nil Nil Nil Nil Nil
Foreign National Nil Nil Nil Nil Nil Nil Nil Nil Nil
Clearing Members Nil Nil Nil Nil Nil Nil Nil Nil Nil
Non-Resident Indians Nil Nil Nil Nil Nil Nil Nil Nil Nil
Independent Directors
and their Relatives
OCB Nil Nil Nil Nil Nil Nil Nil Nil Nil
Employees Welfare
Trust
Sub-Total (B)(2) Nil Nil Nil Nil Nil Nil Nil Nil Nil
20
Total Public
Shareholding (B) = Nil Nil Nil Nil Nil Nil Nil Nil Nil
(B)(1)+(B)(2)
C. Shares held by
Custodian for GDRs & Nil Nil Nil Nil Nil Nil Nil Nil Nil
ADRs
Grand Total (A+B+C) Nil 26,40,000 26,40,000 100 Nil 26,40,000 26,40,000 100 Nil
ii. Shareholding of promoters
Shareholding
Shareholding
Sr. Shareholder’s at the
at the end of
No. name beginning of
the year
the year
% change
% of Shares % of total % of Shares
% of total in share
No. Of pledged / No. Of shares of pledged /
shares of the holding
Shares encumbered to Shares the encumbered
Company during the
total shares Company to total shares
year
1. Mr. Rajeev
Ramesh 5,48,900 21.00 Nil 5,48,900 21.00 Nil Nil
Mehendale
2. Mr. Ramesh
Anant 84,700 03.00 Nil 84,700 03.00 Nil Nil
Mehendale
7,71,800 7,71,800
Mr. Sandeep
3. 29.00 Nil 29.00 Nil Nil
M. Shah
21
Mrs.
4. Pushpalata 1,46,300 06.00 Nil 1,46,300 06.00 Nil Nil
R.
Mehendale
3,82,100 3,82,100
Ms. Avani
5. 14.00 Nil 14.00 Nil Nil
S.Shah
Mrs. Swati R.
6. 4,74,100 18.00 Nil 4,74,100 18.00 Nil Nil
Mehendale
Mr. Sandeep
7. 1,66,100 06.00 Nil 1,66,100 06.00 Nil Nil
M. Shah HUF
Mr. Rajeev R
8. Mehendale 66,000 03.00 Nil 66,000 03.00 Nil Nil
HUF
Total 26,40,000 100 Nil 26,40,000 100 Nil Nil
iii. Change in promoters’ shareholding:
Shareholding Cumulative
Sr. at the Shareholding
No. beginning of during the
the year year
% of total
% of total
No. Of shares of
No. Of shares shares of the
shares the
Company
Company
1. At the beginning of the year 26,40,000 100 26,40,000 100
Date wise increase / decrease in promoters shareholding

2. during the year specifying the reasons for increase / decrease Nil Nil Nil Nil
(e.g. Allotment / transfer / bonus / swear equity etc)
3. At the End of the year 26,40,000 100 26,40,000 100
22
iv. Shareholding Pattern of top ten shareholders (other than Directors, Promoters and holders of GDRs and ADRs)
Cumulative Shareholding during

the year
For Each of the Top 10 Shareholding at the beginning of
Sr. No.
Shareholders the year
Shareholding at the end of the
year
% of total shares of the

No. Of shares No. Of shares % of total shares of the Company
Company
NOT
APPLICABLE
v. Shareholding of Directors and Key Managerial Personnel
Shareholding at Cumulative
Sr.
For Each of the Directors and Key Managerial Personnel the beginning Shareholding
No.
of the year during the year
% of total
No. Of
% of total shares of the Company No. Of shares shares of the
shares
Company
1. Mr. Rajeev Ramesh Mehendale- Director
At the beginning of the year 5,48,900 21.00 5,48,900 21.00
23

during the year specifying the reasons for increase / decrease NIL
At the End of the year 5,48,900 21.00 5,48,900 21.00
2. Mr. Sandeep Mahendra Shah – Director
At the beginning of the year 7,71,800 29.00 7,71,800 29.00

during the year specifying the reasons for increase / decrease NIL
At the End of the year 7,71,800 29.00 7,71,800 29.00
V. Indebtedness
Indebtedness of the Company including interest outstanding / accrued but not due for payment
Secured Loans excluding Unsecured Total

Deposits
deposits Loans Indebtedness
Loans and advances from related

0 4,00,00,000 0 7,28,87,079
parties
Trade Deposits 0 20,10,000 0
Loans repayable on demand 3,08,77,079 0 0
VI. Remuneration of Directors and Key Managerial Personnel
24
A. Remuneration to Managing Director, Whole-Time Directors and / or Manager
Name of MD
Particulars of Total
Sr. No. / WTD /
Remuneration Amount
Manager
Executive
MD WTD
Director
Mr.
Mr. Rajeev
Sandeep
Ramesh
Mahendra
Mehendale
Shah
1. Gross Salary
a) Salary as per provisions

contained in section 17(1) of the Nil Nil 30,00,000 30,00,000 60,00,000
Income-tax Act, 1961
b) Value of perquisites u/s.

Nil Nil 18,000 18,000 36,000
17(2) of Income-tax Act, 1961
c) Profits in lieu of salary u/s.

Nil Nil Nil Nil Nil
17(3) of Income-tax Act, 1961
2. Stock Option Nil Nil Nil Nil Nil
3. Sweat Equity Nil Nil Nil Nil Nil
4. Commission Nil Nil
- as % of profit Nil Nil Nil Nil Nil
- others, specify Nil Nil 1,39,35,362 1,39,35,362 2,78,70,724
25
Others,
5. please Nil Nil Nil Nil Nil
specify
Total (A) Nil Nil 1,69,53,362 1,69,53,362 3,39,06,724
Ceiling as per
Nil Nil Nil Nil Nil
the Act
The Company being private limited Company, Provisions of section 197 of the Companies Act, 2013, pertaining to managerial remuneration are
not applicable to the company.
B. Remuneration to other Directors: NiL
C. Remuneration to Key Managerial Personnel other than MD / Manager / WTD: The Company has not appointed any Key Managerial
Personnel (KMP) and hence, there is no remuneration paid to KMP.
VII. Penalties / Punishment / Compounding of Offences
Section of the Brief Details of Penalty / Punishment / Authority [ RD / Appeal made, if

Type
Companies Act Description Compounding fees imposed NCLT / Court ] any (give details)
COMPANY
Penalty None
Punishment
26
Compounding
DIRECTORS
Penalty None
Punishment
Compounding
OTHER
OFFICERS IN
DEFAULT
Penalty None
Punishment
Compounding
Sd/- sd/-
Director Director
27
DIN: 00306045 DIN: 00306068
Place: Mumbai
ANNEXURE C
Annual Report on CSR Activities
1. Brief outline of Company’s CSR policy, including overview of projects or programmes proposed to be undertaken and a reference to the
weblink to the CSR policy and projects or programmes
The Board of the Company constituted CSR committee. The committee has formulated CSR policy indicating the activities to be undertaken by it
on behalf of the Company.
2. Following is the constitution of CSR Committee:
3.
Name Status Designation
1. Mr. Sandeep M. Shah Director Chairman of the Committee
28
2. Rajeev R. Mehendale Director Member
Committee provides oversight of CSR policy execution to ensure that the CSR objectives of the Company are met.
The main objective of Company’s CSR policy is to directly/indirectly undertake projects/programs which will enhance the quality of life and
economic well-being of the communities in and around our plant and society at large.
4. Average Net profits of last three financial years: Rs. 14,61,62,617/- (Rupees Fourteen Crores Sixty One Lacs Sixty Two Thousand Six
Hundred Seventeen Only)
5. Prescribed CSR Expenditure (two percent of the amount as mentioned in point 3 above): Rs. 29,23,252/- (Rupees Twenty Nine Lacs Twenty
Three Thousand Two Hundred Fifty Two Only)
6. Details of CSR spent during the financial year:
a) Total amount to be spent during the financial year: Rs. 29,25,000/-
b) Amount unspent, if any: NIL
The Company has contributed Rs. 29,25,000/- to Section 8 Company named Goldstab Social Welfare Foundation (GSWF) an implementing
agency. GSWF is incorporated on 30.01.2016 and engaged in CSR activities as prescribe under the Provision of Section 135 read with Companies
(Corporate Social Responsibility) Rules, 2014 and schedule VII of the companies Act, 2013. GSWF is conducting CSR activities and as per
report submitted, the companies contribution made towards CSR was utilised for Dahanu School & boarding (Separate Toilet blocks for boys and
girls and compound wall around girls hostel), Adivasi income generation of Kanadu farmer (bore wells and pump set for irrigation of agricultural
land), Kerala flood relief Fund.
7. In case the Company has failed to spend two percent of average net profits of the last three financial years or any part thereof, the
Company shall provide the reasons for not spending the amount in its Boards Report-
Not applicable
29
8. A responsibility statement of the CSR committee that the implementation and monitoring of CSR Policy, is in compliance with the
CSR objectives and Policy of the Company
The Corporate Social Responsibility (CSR) Committee hereby confirms that the implementation and monitoring of CSR activities are in
compliance with the CSR objectives and Policy of the Company
Sd/- sd/-
Director Director
DIN: 00306045 DIN: 00306068
Place: Mumbai
30
[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] Column 1
01/04/2018
to
31/03/2019
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Name of audit firm Talati & Company
TALATI BHARAT
Name of auditor signing report BHASKER
Firms registration number of audit firm 110757W
Membership number of auditor 032245
201-204,
KALAMANDIR,
CHITRAKAR
KETKAR MARG,
Address of auditors NEAR ADARSH
PETROL PUMP,
VILE PARLE (E),
MUMBAI-400057
Permanent account number of auditor or auditor's firm AAAFT1350L
SRN of form ADT-1 S40425035
Date of signing audit report by auditors 03/09/2019
Date of signing of balance sheet by auditors 03/09/2019
31
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark applicable
[Member] [Member]
01/04/2018 01/04/2018
to to
31/03/2019 31/03/2019
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [LineItems]
Textual information
Disclosure in auditors report relating to fixed assets (2) [See below]
a. The Company has
maintained proper
records showing full
Disclosure relating to quantitative details of fixed assets particulars, including
quantitative details
and situation of the
fixed assets.
Disclosure relating to physical verification and material discrepancies of fixed Textual information
assets (3) [See below]
Textual information
Disclosure relating to title deeds of immovable properties (4) [See below]
Textual information
Disclosure in auditors report relating to inventories (5) [See below]
Textual information
Disclosure in auditors report relating to loans (6) [See below]
Disclosure in auditors report relating to compliance with Section 185 and 186 of Textual information
Companies Act, 2013 (7) [See below]
v. The company has
not accepted any
deposits from the
public within the
meaning of sections
Disclosure in auditors report relating to deposits accepted 73, 74, 75 and 76 of
the Act and the
Rules framed
thereunder to the
extent notified.
Textual information
Disclosure in auditors report relating to maintenance of cost records (8) [See below]
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (9) [See below]
Disclosure relating to regularity in payment of undisputed statutory dues Textual information
[TextBlock] (10) [See below]
viii. In our opinion
and according to the
information and
explanations given
to us, the Company
Disclosure in auditors report relating to default in repayment of financial dues has not defaulted in
the repayment of
dues to financial
institutions, banks,
Government.
Disclosure in auditors report relating to public offer and term loans used for Textual information
purpose for which those were raised (11) [See below]
Disclosure in auditors report relating to fraud by the company or on the Textual information
company by its officers or its employees reported during period (12) [See below]
Textual information
Disclosure in auditors report relating to managerial remuneration (13) [See below]
xii. In our opinion
and according to the
information and
explanations given
to us, the Company
is not a Nidhi
Disclosure in auditors report relating to Nidhi Company Company.
Accordingly,
reporting under
paragraph 3(xii) of
the Order is not
applicable.
32
Textual information
Disclosure in auditors report relating to transactions with related parties (14) [See below]
Disclosure in auditors report relating to preferential allotment or private Textual information
placement of shares or convertible debentures (15) [See below]
Disclosure in auditors report relating to non-cash transactions with directors Textual information
or persons connected with him (16) [See below]
xvi. The Company is
not required to be
Disclosure in auditors report relating to registration under section 45-IA of registered under
Reserve Bank of India Act, 1934 section 45-IA of the
Reserve Bank of
India Act 1934.

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

i. In respect of its fixed assets: a. The Company has maintained proper records showing full particulars, including quantitative details and situation
of the fixed assets. b. As explained to us, fixed assets have been physically verified by the management during the year in accordance with the
phased program of verification adopted by the management which, in our opinion, provides for physical verification of all the fixed assets at
reasonable intervals. According to the information and explanations given to us, no material discrepancies were noticed on such verification. c.
According to the information and explanations given to us and on the basis of our examination of the records of the Company, the title deeds of
immovable properties are held in the name of the Company
Disclosure relating to physical verification and material discrepancies of fixed assets

b. As explained to us, fixed assets have been physically verified by the management during the year in accordance with the phased program of
verification adopted by the management which, in our opinion, provides for physical verification of all the fixed assets at reasonable intervals.
According to the information and explanations given to us, no material discrepancies were noticed on such verification.
Disclosure relating to title deeds of immovable properties

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

ii. In respect of its inventory: The physical verification of inventory excluding stocks with third parties have been conducted at reasonable
intervals by the management during the year. In respect of inventory lying with third parties, these have substantially been confirmed by them.
The discrepancies noticed on physical verification of inventory as compared to book records were not material and have been appropriately dealt
with in the books of accounts.
33
Disclosure in auditors report relating to loans

iii. According to the information and explanations given to us, the Company has not granted unsecured loans to companies, firms or other parties
covered in the Register maintained under Section 189 of the Companies Act, 2013.Hence the reporting under paragraph iii (a) (b) (c) of the order
are not applicable.
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
iv. In our opinion, and according to the information and explanations given to us, the company has complied with the provisions of section 185
and 186 of the Companies Act, 2013 in respect of loans and investments made, and guarantees and security provided by it.
Disclosure in auditors report relating to maintenance of cost records

vi. Pursuant to the Rules made by the Central Govt. of India, the Company is required to maintain cost records as specified u/s 148(1) of the Act
in respect of its products. We have broadly reviewed the same, and are of the opinion that, prima facie, the prescribed accounts and records have
been made and maintained. We have not however made a detailed examination of the records with a view to determine whether they are accurate
or complete.
Disclosure in auditors report relating to statutory dues [Text Block]

i. In respect of statutory dues:
a. According to the records of the company and information and explanations given to us, the Company is generally been regular in depositing
undisputed statutory dues, including Provident Fund, employees state insurance, Income tax, sales tax, service tax, duty of customs, duty of
excise, value added tax, cess and other statutory dues with the appropriate authorities.
Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]

i. In respect of statutory dues:
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
ix. The Company did not raised any money by way of initial public offer or further public offer (including debt instruments) or term loans during
the year. Accordingly, reporting under paragraph 3 (ix) of the Order is not applicable.
34
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
x. During the course of our examination of the books and the records of the company, carried out in accordance with the generally accepting
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 by its officers or employees, noticed or reported during the year, nor have we been informed of any such
case by the Management.
Disclosure in auditors report relating to managerial remuneration

xi. The company being a Private Limited Company the provisions of section 197 of the Act relating to managerial remuneration are not
applicable, accordingly reporting under paragraph 3(xi) of the Order is not applicable.
Disclosure in auditors report relating to transactions with related parties

xiii. The Company has entered into transactions with related parties in compliance with the provisions of sections 177 & 188 of the Act. The
details of such related party transactions have been disclosed in the financial statement as required under accounting standard (AS18), Related
Party Disclosures specified u/s 133 of the Act, read with rule 7 of the Companies (Accounts) Rules, 2014.
Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
xiv. According to the information and explanations give to us and based on our examination of the records of the Company, the Company has not
made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year. Accordingly, reporting
under paragraph 3(xiv) of the Order is not applicable.
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
xv. According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not
entered into non-cash transactions with directors or persons connected with him. Accordingly, reporting under paragraph 3(xv) of the Order is not
applicable.
35
Disclosure in auditor’s report explanatory [Text Block]

Independent Auditor’s Report
To,
The Members of
Report on the audit of the standalone Financial Statement
I. Report on the Financial Statement
We have audited the standalone financial statements of GOLDSTAB ORGANICS PRIVATE LIMITED (“the Company”), which comprise the
balance sheet as at 31st March 2019, and the statement of profit and loss and 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.
II. Opinion
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give
the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally
accepted in India, of the state of affairs of the Company as at March 31, 2019, its profit and its cash flows for the year ended on that date.
III. Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 .Our
responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of
our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India
together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013
and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
IV. Responsibilities of Management and Those Charged with Governance for the Standalone Financial Statements
The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act, 2013 (“the Act”) with respect to
the preparation of these standalone 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
36
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 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
37
adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing,
as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to 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.
V. Auditor’s Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether
due to fraud or error, and to issue an 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 .
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor’s Report) Order, 2016 (“the Order”), issued by the Central Government of India in terms of
sub-section (11) of section 143 of the Companies Act, 2013, we give in the Annexure a statement on the matters specified in paragraphs 3 and 4
of the Order, to the extent applicable.
2. As required by Section 143(3) of the Act, we report that:
a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit.
b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of
those books.
c) The Balance Sheet, the Statement of Profit and Loss, and the Cash Flow Statement dealt with by this Report are in agreement with the
books of account.
d) In our opinion, the aforesaid standalone financial statements comply with the Accounting Standards specified under Section 133 of the Act,
read with Rule 7 of the Companies (Accounts) Rules, 2014.
e) On the basis of the written representations received from the directors as on 31st March, 2019 taken on record by the Board of Directors,
none of the directors is disqualified as on 31st March, 2019 from being appointed as a director in terms of Section 164 (2) of the Act.
38
f) “Attention is drawn to the paragraph III(iv) under the section “Auditor’s Responsibility” above that “the auditor considers internal financial
controls relevant to the Company’s preparation of the financial statements that give a true and fair view in order to design audit procedures that
are appropriate in the circumstances”. Such consideration of internal financial controls during the course of audit of financial statements is not an
audit of internal financial controls with an objective of expressing a view on the adequacy or effectiveness of these controls. The reporting on
internal financial controls is not covered under the Standards on Auditing issued by the ICAI and no framework has been prescribed under the
Companies Act, 2013 and the Rules there under for the evaluation of internal financial controls. Based on our audit carried out in the manner as
specified in paragraph III(iv) above, nothing has come to our notice during the course of our audit that the company does not have internal
financial controls or that they are inadequate or ineffective;
g) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
i. The Company does not have any pending litigations which would impact its financial position.
ii. The Company did not have any long-term contracts including derivative contracts for which there were any material
foreseeable losses.
iii. There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by
the Company .
For TALATI & CO,
Chartered Accountants
FRN: 110757W
Bharat B. Talati
(Partner )
Membership No: 032245
Place: Mumbai
Date :
39
Annexure-A to the Auditors’ Report
[Referred to in paragraph 1 under ‘Report on Other Legal and Regulatory Requirements’ of our Report of even date to the members of Goldstab
Organics Private Limited on the accounts of the company for the year ended 31st March, 2019]
On the basis of, such checks as we considered appropriate and according to the information and Explanations given to us during the course of our
audit, we report that:
i. In respect of its fixed assets:
a. The Company has maintained proper records showing full particulars, including quantitative details and situation of the fixed assets.
b. As explained to us, fixed assets have been physically verified by the management during the year in accordance with the phased program of
verification adopted by the management which, in our opinion, provides for physical verification of all the fixed assets at reasonable intervals.
According to the information and explanations given to us, no material discrepancies were noticed on such verification.
c. According to the information and explanations given to us and on the basis of our examination of the records of the Company, the title
deeds of immovable properties are held in the name of the Company
ii. In respect of its inventory:
The physical verification of inventory excluding stocks with third parties have been conducted at reasonable intervals by the management during
the year. In respect of inventory lying with third parties, these have substantially been confirmed by them. The discrepancies noticed on physical
verification of inventory as compared to book records were not material and have been appropriately dealt with in the books of accounts.
iii. According to the information and explanations given to us, the Company has not granted unsecured loans to companies, firms or
other parties covered in the Register maintained under Section 189 of the Companies Act, 2013.Hence the reporting under paragraph iii (a) (b) (c)
of the order are not applicable.
40
iv. In our opinion, and according to the information and explanations given to us, the company has complied with the provisions of
section 185 and 186 of the Companies Act, 2013 in respect of loans and investments made, and guarantees and security provided by it.
v. The company has not accepted any deposits from the public within the meaning of sections 73, 74, 75 and 76 of the Act and the
Rules framed thereunder to the extent notified.
vi. Pursuant to the Rules made by the Central Govt. of India, the Company is required to maintain cost records as specified u/s 148(1) of
the Act in respect of its products. We have broadly reviewed the same, and are of the opinion that, prima facie, the prescribed accounts and
records have been made and maintained. We have not however made a detailed examination of the records with a view to determine whether they
are accurate or complete.
vii. In respect of statutory dues:
b. According to information and explanations given to us, the following statutory dues of income tax, sales tax, service tax or duty of customs
or duty of excise or value added tax have not been deposited by the Company on account of disputes:
Sr.
Name of the Period to which the amount Forum where the dispute is
Nature of dues Amount
statute relates pending.
No
INCOME TAX ACT

Assessment Rectification is pending before
1. Rs.2,74,964/- 2008-09
Dues A.O
( FBT )
viii. In our opinion and according to the information and explanations given to us, the Company has not defaulted in the repayment of
dues to financial institutions, banks, Government.
ix. The Company did not raised any money by way of initial public offer or further public offer (including debt instruments) or term
loans during the year. Accordingly, reporting under paragraph 3 (ix) of the Order is not applicable.
41
x. During the course of our examination of the books and the records of the company, carried out in accordance with the generally
accepting 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 by its officers or employees, noticed or reported during the year, nor have we been informed of
any such case by the Management.
xi. The company being a Private Limited Company the provisions of section 197 of the Act relating to managerial remuneration are not
applicable, accordingly reporting under paragraph 3(xi) of the Order is not applicable.
xii. In our opinion and according to the information and explanations given to us, the Company is not a Nidhi Company. Accordingly,
reporting under paragraph 3(xii) of the Order is not applicable.
xiii. The Company has entered into transactions with related parties in compliance with the provisions of sections 177 & 188 of the Act.
The details of such related party transactions have been disclosed in the financial statement as required under accounting standard (AS18),
Related Party Disclosures specified u/s 133 of the Act, read with rule 7 of the Companies (Accounts) Rules, 2014.
xiv. According to the information and explanations give to us and based on our examination of the records of the Company, the
Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year.
Accordingly, reporting under paragraph 3(xiv) of the Order is not applicable.
xv. According to the information and explanations given to us and based on our examination of the records of the Company, the
Company has not entered into non-cash transactions with directors or persons connected with him. Accordingly, reporting under paragraph 3(xv)
of the Order is not applicable.
xvi. The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act 1934.
FOR TALATI & CO.
CHARTERED ACCOUNTANTS
FIRM REG NO. 110757W
42
Place : Mumbai ( Bharat B. Talati )
Dated : Partner
M. No. 032245
[400500] Disclosures - Secretarial audit report

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

31/03/2019 31/03/2018 31/03/2017
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 2,64,00,000 2,64,00,000 2,64,00,000
Reserves and surplus 92,26,15,105 74,36,43,993
Total shareholders' funds 94,90,15,105 77,00,43,993
Share application money pending allotment 0 0
Non-current liabilities [Abstract]
Long-term borrowings 4,20,10,000 7,45,70,021
Deferred tax liabilities (net) 2,45,98,939 2,30,33,345
Other long-term liabilities 0 0
Long-term provisions 6,67,535 6,65,894
Total non-current liabilities 6,72,76,474 9,82,69,260
Current liabilities [Abstract]
Short-term borrowings 3,08,77,079 17,19,92,659
Trade payables 15,51,84,097 11,34,28,858
Other current liabilities 4,81,46,347 6,07,05,681
Short-term provisions 60,07,525 98,12,531
Total current liabilities 24,02,15,048 35,59,39,729
Total equity and liabilities 125,65,06,627 122,42,52,982
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 34,73,23,472 35,39,83,343 35,50,98,367
Intangible assets 0 0
Tangible assets capital work-in-progress 4,74,55,366 18,01,100
Total fixed assets 39,47,78,838 35,57,84,443
Non-current investments 29,600 4,600
Long-term loans and advances 2,53,37,382 2,52,65,329
Total non-current assets 42,01,45,820 38,10,54,372
Current assets [Abstract]
Current investments 0 0
Inventories 26,70,33,437 16,42,44,451
Trade receivables 51,70,87,007 58,71,05,197
Cash and bank balances 1,43,23,603 2,36,69,160
Short-term loans and advances 0 0
Other current assets 3,79,16,760 6,81,79,802
Total current assets 83,63,60,807 84,31,98,610
Total assets 125,65,06,627 122,42,52,982
43
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] Column 1 Column 2
01/04/2018 01/04/2018
to to
31/03/2019 31/03/2019
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director SANDEEP RAJEEV
Middle name of director MAHENDRA RAMESH
Last name of director SHAH MEHENDALE
Designation of director Director Director
Director identification number of director 00306045 00306068
Date of signing of financial statements by director 03/09/2019 03/09/2019
44
[100400] Cash flow statement, indirect

01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax 25,23,66,706 17,79,13,801
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 2,30,31,951 1,69,24,812
Adjustments for depreciation and amortisation expense 3,10,10,727 2,67,92,740
Other adjustments to reconcile profit (loss) 7,13,359 -29,55,370
Other adjustments for non-cash items -8,86,028 26,38,775
Total adjustments to profit (loss) 5,38,70,009 4,34,00,957
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories -10,27,88,986 -2,36,63,639
Adjustments for decrease (increase) in trade receivables 7,00,18,190 -13,11,40,411
Adjustments for decrease (increase) in other current assets 3,02,63,040 -4,63,73,275
Adjustments for increase (decrease) in trade payables 4,18,74,214 -6,55,11,500
Adjustments for increase (decrease) in other current liabilities -1,25,59,334 2,98,29,894
Adjustments for provisions -38,03,365 34,47,337
Total adjustments for working capital 2,30,03,759 -23,34,11,594
Total adjustments for reconcile profit (loss) 7,68,73,768 -19,00,10,637
Net cash flows from (used in) operations 32,92,40,474 -1,20,96,836
Income taxes paid (refund) 7,18,30,000 6,07,61,775
Other inflows (outflows) of cash -14,11,15,580 6,83,67,205
Net cash flows from (used in) operating activities before extraordinary
11,62,94,894 -44,91,406
items
Net cash flows from (used in) operating activities 11,62,94,894 -44,91,406
Cash flows from used in investing activities [Abstract]
Other cash payments to acquire equity or debt instruments of other
0 0
entities
Proceeds from sales of tangible assets 21,47,574 33,164
Purchase of tangible assets 7,53,53,165 2,47,62,429
Cash advances and loans made to other parties 72,053 -75,85,405
Interest received 32,29,166 28,93,302
Net cash flows from (used in) investing activities before extraordinary
-7,00,48,478 -1,42,50,558
items
Net cash flows from (used in) investing activities -7,00,48,478 -1,42,50,558
Cash flows from used in financing activities [Abstract]
Repayments of borrowings 3,25,60,021 -1,75,21,059
Dividends paid 0 19,06,470
Interest paid 2,30,31,952 1,69,24,812
Net cash flows from (used in) financing activities before extraordinary
-5,55,91,973 -13,10,223
items
Net cash flows from (used in) financing activities -5,55,91,973 -13,10,223
Net increase (decrease) in cash and cash equivalents before effect of
-93,45,557 -2,00,52,187
exchange rate changes
Net increase (decrease) in cash and cash equivalents -93,45,557 -2,00,52,187
Cash and cash equivalents cash flow statement at end of period 1,43,23,603 2,36,69,160 4,37,21,347
45
[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]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share Equity Shares Equity Shares Equity Shares Equity Shares
Rajeev Ramesh Rajeev Ramesh Sandeep Mahendra Sandeep Mahendra
Name of shareholder Mehendale Mehendale Shah Shah
PAN of shareholder AAEPM0886E AAEPM0886E AAEPS1946H AAEPS1946H
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
shareholder
Number of shares held in company [shares] 5,48,900 [shares] 5,48,900 [shares] 7,71,800 [shares] 7,71,800
Percentage of shareholding in company 21.00% 21.00% 29.00% 29.00%
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
company [Abstract]
Pushpalata Ramesh Pushpalata Ramesh Swati Rajeev Swati Rajeev
Name of shareholder Mehendale Mehendale Mehendale Mehendale
PAN of shareholder AKGPM3838G AKGPM3838G AFOPM2912C AFOPM2912C
shareholder
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
company [Abstract]
Sandeep M. Shah Sandeep M. Shah
Name of shareholder HUF HUF
Avani Sandeep Shah Avani Sandeep Shah
PAN of shareholder AAIHS8309A AAIHS8309A ANUPS9281L ANUPS9281L

shareholder
46
Disclosure of classes of share capital [Table] ..(1)

Equity shares
Classes of share capital [Axis] Share capital [Member]
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 30,00,000 [shares] 30,00,000 [shares] 30,00,000
Value of shares authorised 3,00,00,000 3,00,00,000 3,00,00,000
Number of shares issued [shares] 26,40,000 [shares] 26,40,000 [shares] 26,40,000
Value of shares issued 2,64,00,000 2,64,00,000 2,64,00,000
Number of shares subscribed and fully paid [shares] 26,40,000 [shares] 26,40,000 [shares] 26,40,000
Value of shares subscribed and fully paid 2,64,00,000 2,64,00,000 2,64,00,000
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] 26,40,000 [shares] 26,40,000 [shares] 26,40,000
Total value of shares subscribed 2,64,00,000 2,64,00,000 2,64,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 26,40,000 [shares] 26,40,000 [shares] 26,40,000
Value of shares called 2,64,00,000 2,64,00,000 2,64,00,000
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 2,64,00,000 2,64,00,000 2,64,00,000
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
[shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
period
Number of shares issued as other
preferential allotment
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
stock option plan
Number of other issue of shares
arising out of conversion of [shares] 0 [shares] 0 [shares] 0
securities
47
Total aggregate number of shares issued

during period
Decrease in number of shares during period
[Abstract]
Number of shares bought back [shares] 0 [shares] 0 [shares] 0
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] 26,40,000 [shares] 26,40,000 [shares] 26,40,000 [shares] 26,40,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of rights issue during period 0 0 0
Amount of private placement issue
arising out of conversion of debentures 0 0 0
preference shares during period
Amount of other private placement issue
0 0 0
during period
Amount of preferential allotment issue
Amount of other preferential allotment
0 0 0
issue during period
Amount of issue allotted for
contracts without payment 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0
amalgamation during period
Amount of other issues during period 0 0 0
Amount of employee stock option plan
0 0 0
issued during period
Amount of other issue arising out of
conversion of securities during 0 0 0
period
Total aggregate amount of increase in
0 0 0
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares bought back 0 0 0
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 2,64,00,000 2,64,00,000 2,64,00,000 2,64,00,000
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 0 [shares] 0 [shares] 0
Shares in company held by ultimate holding
company
Shares in company held by subsidiaries of its
holding company
ultimate holding company
Shares in company held by associates of its
holding company
Total shares in company held by holding company
or ultimate holding company or by its [shares] 0 [shares] 0 [shares] 0
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0
shares or disinvestment
48
Amount of shares reserved for issue under options

and contracts or commitments for sale of shares or 0 0 0
disinvestment
Description of terms of shares reserved for issue
under options and contracts or commitments for 0 0 0
sale of shares or disinvestment
Original paid-up value of forfeited shares 0 0 0
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for 0 0 0
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
Terms and conditions of shares pending allotment 0 0 0
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0
Description of whether company have
sufficient authorised capital to cover
0 0 0
proposed share capital amount resulting from
allotment
Over due period for which application
money is pending prior to allotment of 0 0 0
shares
Reason for over due period for which
application money is pending prior to 0 0 0
allotment of shares
49

Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Type of share EQUITY SHARES EQUITY SHARES
Number of shares authorised [shares] 30,00,000 [shares] 30,00,000 [shares] 30,00,000
Value of shares authorised 3,00,00,000 3,00,00,000 3,00,00,000
Number of shares issued [shares] 26,40,000 [shares] 26,40,000 [shares] 26,40,000
Value of shares issued 2,64,00,000 2,64,00,000 2,64,00,000
Number of shares subscribed and fully paid [shares] 26,40,000 [shares] 26,40,000 [shares] 26,40,000
Value of shares subscribed and fully paid 2,64,00,000 2,64,00,000 2,64,00,000
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] 26,40,000 [shares] 26,40,000 [shares] 26,40,000
Total value of shares subscribed 2,64,00,000 2,64,00,000 2,64,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 26,40,000 [shares] 26,40,000 [shares] 26,40,000
Value of shares called 2,64,00,000 2,64,00,000 2,64,00,000
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 2,64,00,000 2,64,00,000 2,64,00,000
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0 [INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
period
Number of shares issued as other
preferential allotment
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
stock option plan
50
Number of other issue of shares

arising out of conversion of [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
during period
Decrease in number of shares during period
[Abstract]
Number of shares bought back [shares] 0 [shares] 0 [shares] 0
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] 26,40,000 [shares] 26,40,000 [shares] 26,40,000 [shares] 26,40,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of rights issue during period 0 0 0
Amount of private placement issue
Amount of other private placement issue
0 0 0
during period
Amount of preferential allotment issue
Amount of other preferential allotment
0 0 0
issue during period
Amount of issue allotted for
contracts without payment 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0
amalgamation during period
Amount of other issues during period 0 0 0
Amount of employee stock option plan
0 0 0
issued during period
Amount of other issue arising out of
conversion of securities during 0 0 0
period
Total aggregate amount of increase in
0 0 0
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares bought back 0 0 0
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 2,64,00,000 2,64,00,000 2,64,00,000 2,64,00,000
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 0 [shares] 0 [shares] 0
Shares in company held by ultimate holding
company
holding company
holding company
Total shares in company held by holding company
or ultimate holding company or by its [shares] 0 [shares] 0 [shares] 0
subsidiaries or associates
51
Shares reserved for issue under options

and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0
shares or disinvestment
Amount of shares reserved for issue under options
and contracts or commitments for sale of shares or 0 0 0
disinvestment
Description of terms of shares reserved for issue
under options and contracts or commitments for 0 0 0
sale of shares or disinvestment
Original paid-up value of forfeited shares 0 0 0
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
Terms and conditions of shares pending allotment 0 0 0
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0
Description of whether company have
sufficient authorised capital to cover
0 0 0
proposed share capital amount resulting from
allotment
Over due period for which application
money is pending prior to allotment of 0 0 0
shares
Reason for over due period for which
application money is pending prior to 0 0 0
allotment of shares

Equity shares 1
Classes of share capital [Axis]
[Member]
31/03/2017
Reconciliation of number of shares outstanding [Abstract]
Number of shares outstanding at end of period [shares] 26,40,000
Reconciliation of value of shares outstanding [Abstract]
Share capital at end of period 2,64,00,000

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
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
52
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Capital reserves
Components of reserves [Axis] Reserves [Member]
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 17,89,71,112 12,11,97,149 0
Other additions to reserves 0 0 0
Total additions to reserves 17,89,71,112 12,11,97,149 0
Deductions to reserves [Abstract]
Other utilisation of securities premium if
0 0 0
permitted
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 0 0
Interim preferred dividend
0 0
appropriation
Interim special dividend appropriation 0 0
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 19,06,470
Final preferred dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 19,06,470
Total dividend appropriation 0 19,06,470
Dividend tax appropriation [Abstract]
Equity dividend tax appropriation 0 0
Preferred dividend tax appropriation 0 0
Total dividend tax appropriation 0 0
Other appropriations 0 0 0
Transfer to general reserve 0 0 0
Total appropriations for dividend,
0 19,06,470 0
dividend tax and general reserve
Appropriation towards bonus shares 0 0 0
Total changes in reserves 17,89,71,112 11,92,90,679 0
Reserves at end of period 92,26,15,105 74,36,43,993 62,43,53,314 19,83,432
53

Components of reserves [Axis] Capital reserves [Member] Other reserves [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Profit (loss) for period 0 0 0
Other additions to reserves 0 0 0
Total additions to reserves 0 0 0
0 0 0
permitted
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
0 0
appropriation
Final equity dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Other appropriations 0 0 0
Transfer to general reserve 0 0 0
0 0 0
Appropriation towards bonus shares 0 0 0
Total changes in reserves 0 0 0
Reserves at end of period 19,83,432 19,83,432 30,00,00,000 30,00,00,000
54

Other reserves
Components of reserves [Axis] General reserve [Member]
[Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Profit (loss) for period 0 0
Other additions to reserves 0 0
Total additions to reserves 0 0
0 0
permitted
Other deductions to reserves 0 0
Total deductions to reserves 0 0
0 0
appropriation
Final equity dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Other appropriations 0 0
Transfer to general reserve 0 0
0 0
Appropriation towards bonus shares 0 0
Total changes in reserves 0 0
Reserves at end of period 30,00,00,000 30,00,00,000 30,00,00,000 30,00,00,000
55

Components of reserves [Axis] Surplus [Member]
01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Profit (loss) for period 17,89,71,112 12,11,97,149
Other additions to reserves 0 0
Total additions to reserves 17,89,71,112 12,11,97,149
Other utilisation of securities premium if permitted 0 0
Other deductions to reserves 0 0
Total deductions to reserves 0 0
Appropriations for dividend, dividend tax and general reserve
[Abstract]
Interim preferred dividend appropriation 0 0
Final equity dividend appropriation 0 19,06,470
Total final dividend appropriation 0 19,06,470
Total dividend appropriation 0 19,06,470
Other appropriations 0 0
Transfer to general reserve 0 0
Total appropriations for dividend, dividend tax and general
0 19,06,470
reserve
Appropriation towards bonus shares 0 0
Total changes in reserves 17,89,71,112 11,92,90,679
Reserves at end of period 62,06,31,673 44,16,60,561 32,23,69,882
56
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of borrowings [Axis] Borrowings [Member] Deposits [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 4,20,10,000 7,45,70,021 20,10,000 21,99,000
Details on loans guaranteed [Abstract]
Aggregate amount of loans guaranteed by
0 0
directors
0 0
others
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default
0 0 0 0
principal
0 0 0 0
interest

Loans and advances from related parties
Classification of borrowings [Axis] Deposits from others [Member]
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings 20,10,000 21,99,000 4,00,00,000 7,23,71,021
0 0
directors
0 0
others
0 0 0 0
principal
0 0 0 0
interest
57

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
Loans and advances from directors
Classification of borrowings [Axis] Borrowings [Member]
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Secured borrowings [Member]
01/04/2018 01/04/2017
31/03/2019 31/03/2018 to to
31/03/2019 31/03/2018
Borrowings 4,00,00,000 7,23,71,021 3,08,77,079 17,19,92,659
Nature of security [Abstract]
Cash credit from Cash credit from
Nature of security banks banks
0 0 0 0
directors
0 0 0 0
others
0 0 0 0
principal
0 0 0 0
interest

Classification based on time period [Axis] Short-term [Member]
Working capital loans from banks
Classification of borrowings [Axis] Other loans and advances [Member]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings 3,08,77,079 14,23,72,088 0 2,96,20,571
Cash credit from Cash credit from
Nature of security banks banks
buyers credit buyers credit

0 0 0 0
directors
0 0 0 0
others
0 0 0 0
principal
0 0 0 0
interest
58

Other loans and advances, others
Classification of borrowings [Axis]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member]
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Borrowings 0 2,96,20,571
Nature of security buyers credit Buyers credit
Aggregate amount of loans guaranteed by directors 0 0
Aggregate amount of loans guaranteed by others 0 0
Outstanding amount of continuing default principal 0 0
Outstanding amount of continuing default interest 0 0
59
[201000] Notes - Tangible assets
Disclosure of tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 2,96,98,901 2,83,49,652 2,96,98,901 2,83,49,652
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -3,17,10,055 -2,67,92,739
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
0 0 0 0
through demergers
Disposals tangible assets,
12,61,546 26,71,937 34,09,718 2,46,00,902
others
Total disposals tangible
12,61,546 26,71,937 34,09,718 2,46,00,902
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
-33,87,173 0 -40,86,500 0
assets, others
Total other adjustments
-33,87,173 0 -40,86,500 0
tangible assets
Total changes in tangible
-66,59,873 -11,15,024 2,22,02,683 37,48,750
assets
Tangible assets at end of period 34,73,23,472 35,39,83,343 35,50,98,367 50,31,45,866 48,09,43,184 47,71,94,434
60

Sub classes of tangible assets [Axis] Owned and leased assets [Member] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 0 0
assets
business combinations 0 0
tangible assets
Depreciation tangible assets 3,17,10,055 2,67,92,739 0 0
Impairment loss
recognised in profit or 0 0 0 0
recognised in profit or loss 0 0 0 0
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
21,48,172 2,19,28,965 0 0
others
21,48,172 2,19,28,965 0 0
assets
assets [Abstract]
net exchange differences 0 0
tangible assets
-6,99,327 0 0 0
assets, others
-6,99,327 0 0 0
tangible assets
2,88,62,556 48,63,774 0 0
assets
61

Sub classes of tangible assets [Axis] Assets held under lease [Member]
Gross carrying amount [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 0 0
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 0 0 0
assets
Tangible assets at end of period 5,39,35,853 5,39,35,853 5,39,35,853 0 0 0
62

Sub classes of tangible assets [Axis] Owned assets [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
12,61,546 26,71,937 34,09,718 2,46,00,902
others
12,61,546 26,71,937 34,09,718 2,46,00,902
assets
assets [Abstract]
tangible assets
-33,87,173 0 -40,86,500 0
assets, others
-33,87,173 0 -40,86,500 0
tangible assets
-66,59,873 -11,15,024 2,22,02,683 37,48,750
assets
63

Classes of tangible assets [Axis] Company total tangible assets [Member] Land [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Assets held under lease [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 3,17,10,055 2,67,92,739 0 0
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
21,48,172 2,19,28,965 0 0
others
21,48,172 2,19,28,965 0 0
assets
assets [Abstract]
tangible assets
-6,99,327 0 0 0
assets, others
-6,99,327 0 0 0
tangible assets
2,88,62,556 48,63,774 0 0
assets
64

Classes of tangible assets [Axis] Land [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 0 0
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 0 0 0
assets
Tangible assets at end of period 5,39,35,853 5,39,35,853 5,39,35,853 0 0 0
65

Classes of tangible assets [Axis] Buildings [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 33,32,559 0 33,32,559 0
assets
tangible assets
Depreciation tangible assets -55,81,271 -55,80,981
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-22,48,712 -55,80,981 33,32,559 0
assets
66

Classes of tangible assets [Axis] Buildings [Member] Office building [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 33,32,559 0
assets
tangible assets
Depreciation tangible assets 55,81,271 55,80,981 -55,81,271 -55,80,981
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
55,81,271 55,80,981 -22,48,712 -55,80,981
assets
67

Classes of tangible assets [Axis] Office building [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 55,81,271 55,80,981
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
33,32,559 0 55,81,271 55,80,981
assets
68

Classes of tangible assets [Axis] Plant and equipment [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
8,90,434 23,57,316 20,43,978 2,20,78,406
others
8,90,434 23,57,316 20,43,978 2,20,78,406
assets
assets [Abstract]
tangible assets
-33,87,173 0 -40,86,500 0
assets, others
-33,87,173 0 -40,86,500 0
tangible assets
-41,06,455 -45,87,895 1,56,53,959 -45,40,982
assets
69

Classes of tangible assets [Axis] Plant and equipment [Member] Other plant and equipment [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 2,17,84,437 1,75,37,424
assets
tangible assets
Depreciation tangible assets 2,16,13,285 1,97,68,003 -2,16,13,285 -1,97,68,003
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
11,53,544 1,97,21,090 8,90,434 23,57,316
others
11,53,544 1,97,21,090 8,90,434 23,57,316
assets
assets [Abstract]
tangible assets
-6,99,327 0 -33,87,173 0
assets, others
-6,99,327 0 -33,87,173 0
tangible assets
1,97,60,414 46,913 -41,06,455 -45,87,895
assets
70

Classes of tangible assets [Axis] Other plant and equipment [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 2,17,84,437 1,75,37,424
assets
tangible assets
Depreciation tangible assets 2,16,13,285 1,97,68,003
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
20,43,978 2,20,78,406 11,53,544 1,97,21,090
others
20,43,978 2,20,78,406 11,53,544 1,97,21,090
assets
assets [Abstract]
tangible assets
-40,86,500 0 -6,99,327 0
assets, others
-40,86,500 0 -6,99,327 0
tangible assets
1,56,53,959 -45,40,982 1,97,60,414 46,913
assets
71

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 95,067 36,333 95,067 36,333
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 1,97,258 0 9,24,558
others
0 1,97,258 0 9,24,558
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-1,58,679 -4,08,367 95,067 -8,88,225
assets
Tangible assets at end of period 16,22,248 17,80,925 21,89,292 46,56,722 45,61,655 54,49,880
72

Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 7,27,300 53,041 0
others
0 7,27,300 53,041 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
2,53,746 -4,79,858 18,72,090 -4,93,196
assets
73

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
9,96,240 0 9,43,199 0
others
9,96,240 0 9,43,199 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
15,12,486 0 -3,59,604 4,93,196
assets
74

Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 25,08,726 0 25,08,726 0
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
53,041 0 9,96,240 0
others
53,041 0 9,96,240 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
18,72,090 -4,93,196 15,12,486 0
assets
75

Classes of tangible assets [Axis] Motor vehicles [Member] Office equipment [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 13,19,084 7,80,002
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
9,43,199 0 3,18,071 1,18,948
others
9,43,199 0 3,18,071 1,18,948
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-3,59,604 4,93,196 6,00,520 5,02,234
assets
76

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 13,19,084 7,80,002
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
3,69,500 8,44,157 51,429 7,25,209
others
3,69,500 8,44,157 51,429 7,25,209
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
9,49,584 -64,155 3,49,064 -5,66,389
assets
77

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to 31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 6,59,028 99,95,893 6,59,028 99,95,893
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 -1,585 0 7,53,781
others
0 -1,585 0 7,53,781
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-26,18,637 94,53,181 6,59,028 92,42,112
assets
Tangible assets at end of period 71,73,256 97,91,894 3,38,713 1,38,23,555 1,31,64,528 39,22,416
78

Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of tangible assets [LineItems]
Reconciliation of changes in tangible assets [Abstract]
Changes in tangible assets [Abstract]
Impairment loss recognised in profit or loss tangible assets 0 0
Reversal of impairment loss recognised in profit or loss
0 0
tangible assets
Disposals tangible assets [Abstract]
Disposals tangible assets through demergers 0 0
Disposals tangible assets, others 0 7,55,366
Total disposals tangible assets 0 7,55,366
Other adjustments tangible assets [Abstract]
Other adjustments tangible assets, others 0 0
Total other adjustments tangible assets 0 0
Total changes in tangible assets 32,77,665 -2,11,069
Tangible assets at end of period 66,50,299 33,72,634 35,83,703
Disclosure of additional information tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member] Land [Member]
Owned and leased assets Assets held under lease
[Member] [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of additional information
tangible assets [LineItems]
Depreciation method tangible assets SLM SLM SLM SLM SLM SLM
Textual
Textual Textual Textual Textual Textual
Useful lives or depreciation rates information
information (18) information (19) information (20) information (21) information (22)
tangible assets (23) [See
[See below] [See below] [See below] [See below] [See below]
below]

Other plant and equipment
Classes of tangible assets [Axis] Buildings [Member] Office building [Member]
[Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member] Owned assets [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
Textual
below]
79

Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member] Office equipment [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member] Owned assets [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
Textual
below]

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of additional information tangible assets [Abstract]
Disclosure of additional information tangible assets [LineItems]
Depreciation method tangible assets SLM SLM
Textual information Textual information
Useful lives or depreciation rates tangible assets (36) [See below] (37) [See below]
Useful lives or depreciation rates tangible assets

Depreciation has been provided on Straight Line Method basis at the rate prescribed in Schedule II to the Companies Act, 2013. Till last year
except Plant and Machinery and Building of Sarigam Unit other than Fixed Assets were provided depreciation on WDV method. Such change in
the method of depreciation is permitted under AS 10. Due to said change in method of depreciation on "Other Fixed Assets" the profit for the year
is undercharged to the extent of Rs. 20,46,885/- resulting into increase in profit for the year to that extent. The lease cost of land is capitalised and
not amortised over the period of lease.


80






81






82





83
[201100] Notes - Intangible assets
Disclosure of intangible assets [Table] ..(1)

Company total intangible assets
Classes of intangible assets [Axis]
[Member]
Internally generated and other than
Sub classes of intangible assets [Axis] internally generated intangible assets
[Member]
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis] Carrying amount [Member]
31/03/2019 31/03/2018
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets [LineItems]
Reconciliation of changes in intangible assets [Abstract]
Intangible assets at end of period 0 0
[200400] Notes - Non-current investments
Details of non-current investments [Table] ..(1)

Classification of non-current investments [Axis] Column 1 Column 2
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Non-current investments [Abstract]
Disclosure of details of non-current investments
[Abstract]
Details of non-current investments [LineItems]
Other non-current Other non-current Investments in Investments in mutual
Type of non-current investments investments investments mutual funds funds
Class of non-current investments Other investments Other investments Other investments Other investments
Unquoted
Nature of non-current investments Investments
Unquoted Investments NA NA
Non-current investments 4,600 4,600 25,000 0

Shamrao Vithal
Co-Op Bank, Shamrao Vithal
Terminal 9 Co-Op Bank,
Name of body corporate in whom investment has
Commercial Terminal 9 Mutual Funds Mutual Funds
been made Premises Commercial Premises
Co-Operative Co-Operative Society
Society

31/03/2019 31/03/2018
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 29,600 4,600
Aggregate provision for diminution in value of non-current investments 0 0
84
[200600] Notes - Subclassification and notes on liabilities and assets
Disclosure of breakup of provisions [Table] ..(1)

Classification based on time period
[Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
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]
Provision for corporate tax [Abstract]
Provision for current tax 7,18,30,000 6,00,95,000
Provision for other tax -6,58,22,475 -5,02,82,469
Total provision for corporate tax 60,07,525 98,12,531 0 0
CSR expenditure provision 0 0 0 0
Other provisions 6,67,535 6,65,894
Total provisions 60,07,525 98,12,531 6,67,535 6,65,894
Disclosure of breakup of provisions [Table] ..(2)

31/03/2019 31/03/2018
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]
Provision for corporate tax [Abstract]
Provision for current tax 7,18,30,000 6,00,95,000
Provision for other tax -6,58,22,475 -5,02,82,469
Total provision for corporate tax 60,07,525 98,12,531
CSR expenditure provision 0 0
Total provisions 60,07,525 98,12,531
85
Loans and advances [Table] ..(1)

Classification of loans and advances [Axis] Loans and advances [Member] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
01/04/2018 01/04/2017
31/03/2019 31/03/2018 to to
31/03/2019 31/03/2018
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 2,53,37,382 2,52,65,329 89,96,828 78,50,404
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 2,53,37,382 2,52,65,329 89,96,828 78,50,404
Nature of other loans and advances Security Deposits Security Deposits
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 2,53,37,382 2,52,65,329 89,96,828 78,50,404
Total loans and advances due by
2,53,37,382 2,52,65,329 89,96,828 78,50,404
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
86

Deposits with statutory authorities
Classification of loans and advances [Axis] Other loans and advances [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
01/04/2018 01/04/2017
31/03/2019 31/03/2018 to to
31/03/2019 31/03/2018
[Abstract]
Loans and advances, gross 1,63,40,554 1,74,14,925 1,41,87,828 1,59,98,732
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 1,63,40,554 1,74,14,925 1,41,87,828 1,59,98,732
Balances with
Balances with
Revenue Authorities
Nature of other loans and advances / VAT Refund
Revenue Authorities /
VAT Refund Claim
Claim
Details of loans and advances due by
[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 1,63,40,554 1,74,14,925 1,41,87,828 1,59,98,732
Total loans and advances due by
1,63,40,554 1,74,14,925 1,41,87,828 1,59,98,732
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
director
member
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director
87

Other loans and advances, others
Classification of loans and advances [Axis]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets [Abstract]
Loans and advances, gross 21,52,726 14,16,193
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 21,52,726 14,16,193
Advances
Advances recoverable
recoverable in cash
in cash or in kind for
or in kind for the
Nature of other loans and advances value to be received
the value to be
received and IT
and IT refund
refund receivable
receivable
Details of loans and advances due by directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0
Loans and advances due by other officers 0 0
Loans and advances due by others 21,52,726 14,16,193
Total loans and advances due by directors, other officers or others 21,52,726 14,16,193
Details of loans and advances due by firms or companies in which any
director is partner or director [Abstract]
Loans and advances due by firms in which any director is partner 0 0
Loans and advances due by private companies in which any director is
0 0
director
Loans and advances due by private companies in which any director is member 0 0
Total loans and advances due by firms or companies in which any director
0 0
is partner or director
88
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 51,70,87,007 58,71,05,197 51,70,87,007 58,71,05,197
Allowance for bad and doubtful debts 0 0 0 0
Total trade receivables 51,70,87,007 58,71,05,197 51,70,87,007 58,71,05,197
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
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 26,70,33,437 16,42,44,451 8,74,03,626 6,21,73,417
Valued at Lower of Valued at Lower of Valued at Lower of Valued at Lower of
Mode of valuation Cost or Net Cost or Net realisable Cost or realisable Cost or realisable
realisable Value Value Value Value
89

Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Inventories 3,11,64,195 1,88,03,958 12,50,48,326 8,20,73,855
Valued at Lower of Valued at Lower of
Mode of valuation Valued at cost Valued at cost Cost or Net Cost or Net realisable
realisable Value Value

Classification of inventories [Axis] Stock-in-trade [Member] Stores and spares [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Inventories 2,19,37,243 0 14,80,047 11,93,221
Valued at Lower of Valued at Lower of Valued at Lower of Valued at Lower of
Mode of valuation Cost or n e t Cost or net realisable C o s t or n e t Cost or net realisable
realisable Value Value realisable Value Value
90

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0 0
Total other long-term liabilities 0 0
I.T. provision for earlir I.T. provision for earlir
Nature of other provisions years (Net of advance tax years (Net of advance tax
& TDS) & TDS)
Interest accrued but not due on borrowings 0 0
Interest accrued and due on borrowings 0 0
Interest accrued but not due on public deposits 0 0
Interest accrued and due on public deposits 0 0
Debentures claimed but not paid 0 0
Unpaid dividends 0 0
Application money received for allotment of securities and
0 0
due for refund, principal
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Taxes payable other tax 9,83,243 1,14,36,932
Public deposit payable, current 0 0
Total other payables, current 9,83,243 1,14,36,932
Accrued salary payable 2,90,39,818 1,71,90,851
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others 1,81,23,286 3,20,77,898
Total other current liabilities 4,81,46,347 6,07,05,681
Aggregate amount of trade receivables outstanding for period
0 0
exceeding six months
Fixed deposits with banks 1,24,86,753 2,25,58,190
Other balances with banks 13,19,119 7,52,897
Total balance with banks 1,38,05,872 2,33,11,087
Cash on hand 95,731 26,014
Others 4,22,000 3,32,059
Total cash and cash equivalents 1,43,23,603 2,36,69,160
Total cash and bank balances 1,43,23,603 2,36,69,160
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
Other current assets, others 3,79,16,760 6,81,79,802
Total other current assets 3,79,16,760 6,81,79,802
Duty Drawback DEPB Duty Drawback DEPB
Receivable, Excise Receivable, Excise
Rebate Refund Rebate Refund
Nature of other current assets (Export),Custom Bank (Export),Custom Bank
(MEIS),Prepaid (MEIS),Prepaid
Expenses, Vishwa Yantra Expenses, Vishwa Yantra
Card, GST receivable Card, GST receivable
91
[200700] Notes - Additional disclosures on balance sheet

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of additional balance sheet notes explanatory [TextBlock]
Total contingent liabilities and commitments 0 0
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, Yes Yes
2014
1518, 2824, 2825, 2833, 1518, 2824, 2825, 2833,
If yes, Central Excise Tariff Act, heading in which product/
2907, 2915, 2920, 3812, 2907, 2915, 2920, 3812,
service is covered under cost records 3823, 3906, 3910 3823, 3906, 3910
Whether audit of cost records of company has been mandated
Yes Yes
under Rules specified in SN 1
1518, 2824, 2825, 2833, 1518, 2824, 2825, 2833,
If yes, Central Excise Tariff Act, heading in which product/
2907, 2915, 2920, 3812, 2907, 2915, 2920, 3812,
service is covered under cost audit 3823, 3906, 3910 3823, 3906, 3910
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
01/04/2018
to
31/03/2019
Disclosure of accounting policies, change in accounting policies and Textual information (38)
changes in estimates explanatory [TextBlock] [See below]
92
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
SIGNIFICANT ACCOUNTING POLICIES :
1. Basis of preparation of Financial Statements-
These financial statements are prepared in accordance with the Indian Generally Accepted Accounting Principles (GAAP) under the historical
cost convention on an accrual basis, GAAP comprises of mandatory accounting standards as prescribed under section 133 of the Companies Act,,
2013 ("Act") read with Rule 7 of the Companies (Account) Rules, 2014, the provisions of the act (to the extent notified). Accounting policies
have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting
standard requires a change in the accounting policy hitherto in use.
2. Presentation and disclosure of financial statements -
All assets and liabilities have been classified as current or non-current as per the Company's normal operating cycle and other criteria set out in
the Schedule III to the Companies Act, 2013. Based on the nature of products and the time between the acquisition of assets for processing and
their realisation in cash and cash equivalents, the company has determined its operating cycle as twelve months for the purpose of current or
noncurrent classification of assets and liabilities.
3. Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make judgments,
estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure relating to contingent liabilities at the date of the
financial statements and the results of operations during the reporting year end. Although these estimates are based upon management's best
knowledge of current events and actions, belief that these estimates are reasonable and prudent, actual results may differ from estimates.
Appropriate changes in estimates are made as the management becomes aware of changes in circumstances surrounding the estimates. Changes in
estimates are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes
to the financial statements.
4. Tangible asset -
Fixed assets are stated at acquisition cost less accumulated depreciation/amortisation and accumulated impairment, if any. All direct costs are
capitalised including freight, duties, taxes (to the extent no set-off available) and expenses incidental to acquisition and installation of fixed assets.
Cost includes purchase price, labour cost and directly attributable costs for self-constructed assets and other direct costs incurred up to the date of
asset is ready for its intended use
5. Depreciation -
Depreciation of property, plant and equipment is calculated using straight line method. The lease cost of land is capitalised and not amortised over
the period of lease. Depreciation for the year has been provided as per the useful life prescribed under Part C of schedule II of the Act as stated
below.
Asset Useful Lives (Management estimate)
Buildings 3-60 Years
Motor Vehicles 8 Years
Plant and Machinery 8 - 20 Years
93
Office Equipment 3 -10 Years
Furniture & Fixture 10 Years
Computers 3 Years
Depreciation method, useful lives and residual values are reviewed at each financial year-end and adjusted if appropriate. Management believes
that its estimates of useful lives as given above best represent the period over which management expects to use these assets.
Depreciation on additions (disposals) is provided on a pro-rata basis i.e. from (up to) the date on which asset is ready for use (disposed off).
6. Impairment of Assets -
In compliance with Accounting Standard AS-28 "Impairment of Assets", the carrying values of assets / cash generating units at each Balance
Sheet date are reviewed for impairment of assets. If any indication of such impairment exists, the recoverable amount of such assets is estimated
and impairment is recognised, if the carrying amount of these assets exceeds their recoverable amount. The recoverable amount is the greater of
the net selling price and their value in use. Value in use is arrived at by discounting the future cash flows to their present value based on an
appropriate discount factor. When there is indication that an impairment loss recognised for an asset in prior accounting periods no longer exists
or may have decreased, such reversal of impairment loss is recognised in the Statement of Profit and Loss.
7. Investments -
Long term investments are stated at cost.
8. Inventories -
Inventories of raw and packing materials and finished goods are valued at lower of cost and net realisable value. Inventories of work in progress
is valued at cost plus proportional production overheads.
Cost of work-in-progress and finished goods includes materials, labour and manufacturing overheads and other costs incurred in bringing the
inventories to their present location and condition. Cost is determined using moving average method that approximates actual cost.
Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs
necessary to make the sale.
9. Revenue recognition -
9Incomes/Expenses/Revenues are accounted for on accrual basis in accordance with the Accounting Standard (AS-9). Accordingly, wherever
there are uncertainties in the ascertainment/realization of Income, the same is not accounted for.
9.1 Revenue from sale of products is recognised on dispatch or appropriation of goods in accordance with the terms of sale. Sales are recognised
when all the significant risks and rewards of ownership in the goods are transferred to the buyer as per the terms of the contract which usually
coincide with the delivery of goods and are recorded net of trade discounts, rebates, sales tax/value added tax/GST and excise duty on own
manufactured and outsourced products.
9.2 Overdue payment interest is recognised as and when admitted by debtors.
9.3 Incentives & allowances on exports, subsidy and other industrial benefits, VAT/GST refund, insurance claim and income of such nature is
recognized when admitted by the concerned authorities and realized.
9.4 Forward Contract Gain - expenditure & earning in foreign currency hedging are recognized only on settlement of contract.
9.5 Interest Income is recognized on a time proportion basis taking into account the amount outstanding and the rate applicable.
94
10. Foreign currency transactions -
Transactions in foreign currencies are recognized at the prevailing exchange rates on the transaction dates. Realised gains and losses on settlement
of foreign currency transactions are recognised in the Statement of Profit and Loss. Foreign currency denominated monetary assets and liabilities
at the yearend are translated at the year-end exchange rates and the resultant exchange difference is recognised in the Statement of Profit and
Loss.
11. Retirement and other employee benefits -
Provident & Pension Fund:
Retirement benefits in the form of Provident and Pension Funds are defined contribution schemes and are charged to the Statement of Profit and
Loss of the period when the contributions to the respective funds are due. The Company has no obligation other than contributions to the
respective funds. The Company recognises contribution payable to the Provident Fund Scheme as an expenditure, when an employee renders the
selected service.
The leave balances of the employees are only en cashable during the year and cannot be accumulated and carried forwarded to next year.
Gratuity:
The Company has a Defined Benefit Gratuity Plan. Every employee who has completed at least five years or more of service is entitled to
Gratuity on terms as per the provisions of The Payment of Gratuity Act, 1972. The Company has got an approved gratuity fund which has taken
an insurance policy with Life Insurance Corporation of India (LIC) to cover the gratuity liabilities. The costs of providing benefits under this plan
is determined on the basis of actuarial valuation at each year-end. Actuarial valuation is carried out using the Projected Unit Credit Method.
Actuarial gains and losses is recognized in full in the period in which they occur in the Statement of Profit and Loss. The following tables
summarize the components of net benefit expense recognized in the Statement of Profit and Loss and the funded status and amounts recognized in
the Balance Sheet for the plan. :
12. Borrowing Costs -
Borrowing cost attributable to the acquisition/construction of fixed assets is capitalized as the part of the cost of that fixed assets, till the date it is
put to use. Other borrowing cost is recognized as expenditure in the period in which they are accrued.
13. Taxation -
13.1Income tax provisions-
Provision for current tax is made for the tax liability payable on taxable income after considering the allowances, deductions (including due
deduction u/s 35(2AB) and exemptions and disallowances if any determined in accordance with the prevailing tax laws.
Income Tax provision comprises current tax as per the Income Tax Act, 1961.
13.2Deferred tax -
As per Accounting Standard -22 "Accounting for taxes on Income", deferred taxation resulting from timing differences between book and tax
profits is accounted for under the liability method, at the current rate of tax, to the extent that the timing differences are expected to crystallize .
Deferred tax assets are recognized only to the extent that there is a reasonable certainty that sufficient future taxable income will be available
against which such deferred tax asset can be realized.
Deferred tax -
95
For year ending For year ending

Particulars
31.03.2019 31.03.2018
Deferred Tax Liability
On difference between Written Down Value of Fixed Assets as per Companies act & IT
8,56,43,171 7,90,98,027
act
Total 8,56,43,171 7,90,98,027
Deferred Tax Liability on above at the current tax rate of 29.12% 2,49,39,292 2,30,33,346
Deferred tax Assets on timing difference on provisions of Bonus & Retirement benefits
(3,40,353) ----
Rs.1,86,776 and Rs. 1,53,577 respectively
Net Deferred Tax Liability (Net) 2,45,98,939 2,30,33,346
14. Segment Reporting -
Reportable segment
a. Business segment
The company is engaged in the business of manufacturing and selling of "PVC stabilizers and Metallic Stearates". Accordingly the company has
identified "stabilizers" as its only business segment, hence no further classification for business segment is applicable.
b. Geographical segment
The Company's Geographical Segment reporting based on sales within India and outside India is another primary reporting segment.
The disclosures in accordance with the requirements of Accounting Standard (AS) - 17, Segment Reporting, relating to secondary segment are as
follows:
Outside
Particulars India Total
India
March 31, March 31, March 31, March 31, March 31, March 31,
2019 2018 2019 2018 2019 2018
Segment
result (net of
96
revenue and 30,73,09,286 25,05,17,954 17,07,97,370 13,86,58,040 47,81,06,656 38,91,75,994

expenditure)
The company has common

manufacturing facilities for
Carrying
products manufactured for sales
amount of
within India and sales outside
segment
India. Hence such bifurcation is
assets
not possible and hence not
furnished.
Capital
Expenditure
15. Provisions, Contingent Liabilities and Contingent Assets -
The Company recognizes a provision when there is a present obligation as result of a past event that probably requires an outflow of resources
and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is a possible
obligation or a present obligation that may, but probably will not, require an outflow of resources. Where there is a possible obligation or a
present obligation that the likelihood of outflow of resources is remote, no provision or disclosure as specified in Accounting Standard 29 -
'Provisions, Contingent Liabilities and Contingent Assets' is made.
Contingent liability (to the extent not provided for) -
Particulars For year ending 31.03.2019 For year ending 31.03.2018
(A) Contingent liabilities

NIL NIL
Claims against the company not acknowledged as debts
Income tax matters 2,74,964/- 2,74,964/-
(B) Obligations -- --
(C) Letter of Credit 1,83,10,908/- --
16. Other disclosures -
16.1 Value of imports calculated on CIF basis by the company during the financial year in respect of
Raw materials 50,19,25,591 36,82,91,418
97
Components & spare parts 60,171 0.00
Capital goods 66,19,513 25,06,297
16.2 Expenditure in foreign currency during the financial year on account of
For year ending 31.03.2019 For year ending 31.03.2018
Commission to Foreign Agent 1,13,67,225/- 99,37,076/-
Exhibition & Travelling Expenses 5,83,344/- 5,64,519/-
Total 1,15,99,670/- 1,05,01,595/-
16.3Value of Raw Materials, Stores & Spares Consumed & Percentage to the Total Consumption
Amount Percentage Amount Percentage
Imported 49,17,08,237/- 22.98% 36,05,73,018/- 17.85%
Indigenous 1,64,82,80,064/- 77.02% 1,65,90,30,724/- 82.15%
Total 2,13,99,88,301/- 100.00% 2,01,96,03,742/- 100.00%
16.4 Earnings in foreign exchange
Export ( On FOB Basis ) 98,47,14,453/- 89,86,77,186/-
98
TOTAL 98,47,14,453/- 89,86,77,186/-
17. Earnings per share -
Earnings per share is determined in terms of AS- 20 published by ICAI.
For year ending For year ending

Particulars
31.03.2019 31.03.2018
1a.Net Profit as per Profit and Loss Account available for Equity Share
Holders.
17,89,71,112 12,11,97,149
1b. Profit for Diluted earnings per share
2.Weighted Average number of Equity Share for EPS Computation

67.79 45.91
a. Basic EPS
67.79 45.91
b. Diluted EPS
3. Earnings Per Share :-

67.79 45.91
a. Basic EPS
67.79 45.91
b. Diluted EPS
18. Details of amount due to Micro, Small and Medium Enterprises -
In terms of Section 22 of Micro, Small and Medium Enterprises Development Act, 2006, the outstanding amounts to the enterprises registered
under the act is 1,69,11,579/- and there is no outstanding interest for more than 45 days.
19. Related Party transactions -
As per AS- 18, issued by ICAI, related party disclosure is furnished as below. The Company's related parties with whom company has
transactions during the year are disclosed below.
a) Enterprise under Common Control of the Promoters.
a. Indian Celluloid Industry (Prop. Sandeep Shah)
Key Management Personnel.
a. Sandeep Mahendra Shah - Director
b. Rajeev Ramesh Mehendale - Director
b) Related party to key management personnel.
99
a. Avani Sandeep Shah
b. Jignesh G. Shah
c. Pushpalata Mehendale
d. Ramesh A. Mehendale
e. Ramesh Mehendale HUF
f. Rajeev R. Mehendale HUF
g. Sandeep M. Shah HUF
h. Swati Rajeev Mehendale
Related party transactions
Enterprise under Common Control of Key Management Related party to key

Particulars of transactions
the Promoters Personnel management personnel
4,00,00,000
Unsecured Loans Received -- --
(7,23,71,021)
-- 2,78,70,724
Trade Creditors & Expenses
--
Payable
(1,62,000) (1,40,00,000)
--
Sundry Debtors -- --
(--)
--
Job work charges &
--
Purchases paid
(--)
3,38,70,724
Directors Remuneration &
-- --
Commission
(3,00,00,000)
85,70,540
Interest Paid -- --
(93,63,011)
100
24,00,000
Professional Fees paid -- --
(21,60,000)
-- --
Dividend Paid --
(5,97,720) (9,86,280)
--
Purchases -- --
(17,82,178)
20. Directors remuneration -
(included in Employees Benefits)
Salaries & Commission 3,38,70,724 3,00,00,000
Perquisites - valued as per IT Act 36,000 Nil
Total 3,39,06,724 3,00,00,000
Provisions of section 197 of the Companies Act, 2013, pertaining to managerial remuneration are not applicable to the company.
21. Auditors remuneration includes -
For statutory audit 2,50,000/- 2,50,000/-
For tax audit 70,000/- 70,000/-
For taxation matters 75,000/- 75,000/-
For VAT audit 20,000/- 75,000/-
101
For Other Matters& VAT Department Representation 2,48,541/- 2,14,925/-
Total 6,63,541/- 6,84,925/-
(The above figures excludes Goods and Service Tax).
22. The balances of sundry debtors and loans & advances given as well as sundry creditors and loans & advances received are subject to
confirmation.
23. In the opinion of the management, the value on realisation of current assets & advances, in the ordinary course of business will not be less
than the amount at which they are stated in the balance sheet. Valuation of inventory being a technical matter, reliance is placed upon the
valuation made by the company management. All Fixed Assets & inventories are physically verified by the management & auditor have placed
reliance on such verification.
24. VAT/GST liabilities and refunds are subject to audits under respective statutes.
25. Previous year's figures have been regrouped to make them comparable with the current year's figures.
26. Company has spent towards R & D Activities for year ending 31.03.2019 are -
1) Towards Capital Expenditure
Plant & Machinery Rs. 23,18,033/-
2) Towards Revenue Expenditure
Salary to Staff Rs. 53,48,474/-
Professional Fees Rs. Nil
Electricity Rs. 1,48,208/-
Research & Development Expenses (Material) Rs. 14,67,925/-
Total : Rs. 92,82,640/-
[201700] Notes - Government grants

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of notes on government grants explanatory [TextBlock]
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
102
[201200] Notes - Employee benefits

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Textual information (39) Textual information (40)
Disclosure of employee benefits explanatory [TextBlock] [See below] [See below]
Disclosure of employee benefits explanatory [Text Block]
Employee Benefits Expense(Including Salaries paid to staff for R & D - Mar 19 Rs

T
53,48,474/- (Mar 18 Rs. 52,67,960/-))
Particulars Amount (Rs) Amount (Rs)
Mar-19 Mar-18
(i) Salaries, Wages, Bonus and Allowances

2,48,23,937 1,98,18,876
(ii) Remuneration to Directors

3,38,72,644 3,00,01,584
(iii) Contribution to provident and other funds

21,80,308 18,25,768
(iv) Contribution to Gratuity fund

19,54,808 8,54,380
(v) Staff welfare expenses.

18,62,720 26,27,455
Total
6,46,94,417 5,51,28,063
103
Disclosure of employee benefits explanatory [Text Block]

Employee Benefits Expense(Including Salaries paid to
T
staff for R & D Rs /-)
Particulars Amount (Rs)
Year ending 31-3-18 Year ending 31-3-17
(i) Salaries, Wages, Bonus and Allowances

1,98,18,876 1,78,43,861
(ii) Remuneration to Directors

3,00,01,584 3,00,00,000
20
(iii) Contribution to provident and other funds
18,25,768 ,86,912
&n
(iv) Contribution to Gratuity fund
bsp; 8,54,380 14,14,544
&nbsp ;
(v) Staff welfare expenses.
26,27,455 26,20,822
Total
5,51,28,063 5,39,66,139
104
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] Column 1 Column 2
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of relationship and transactions between
related parties [Abstract]
related parties [LineItems]
Sandeep Mahendra Sandeep Mahendra
Rajeev Ramesh Rajeev Ramesh
Name of related party Shah and Indian Shah and Indian
Mehendale Mehendale
Celluloid Industry Celluloid Industry
Country of incorporation or residence of related
party
Permanent account number of related party AAEPS1946H AAEPS1946H AAEPM0886E AAEPM0886E
Key Management Key Management Key Management Key Management
Description of nature of related party relationship Personnel Personnel Personnel Personnel
Unsecured Loans, Unsecured Loans,
Unsecured Loans, Unsecured Loans,
Remuneration paid, Remuneration paid,
Description of nature of transactions with related Interest on Loan, Interest on Loan,
Interest on loan, Interest on loan,
party Remuneration Paid, Remuneration Paid,
Dividend Paid and Dividend Paid and
Dividend Paid Dividend Paid
sales sales
Related party transactions [Abstract]
Purchases of goods related party transactions 0 17,82,178
Revenue from sale of goods related party
0 0
transactions
Advances taken during year related party
0 3,87,74,146 0 3,35,96,875
transactions
Interest paid during year related party
39,75,928 49,29,895 45,94,612 44,33,116
transactions
Other related party transactions expense 0 70,00,000 0 70,00,000
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 1,69,35,362 1,50,00,000 1,69,35,362 1,50,00,000
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
105

Categories of related parties [Axis] Column 3 Column 4
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
related parties [Abstract]
related parties [LineItems]
Name of related party Avani Sandeep Shah Avani Sandeep Shah Jignesh Shah Jignesh Shah
Country of incorporation or residence of related
party
Permanent account number of related party ANUPS9281L ANUPS9281L AOEPS3280E AOEPS3280E
Relatives of Key Relatives of Key Relatives of Key Relatives of Key
Description of nature of related party relationship management management management management
personnel personnel personnel personnel
Description of nature of transactions with related Professional Fees Professional Fees
Professional Fees Professional Fees
party paid, Dividend Paid paid, Dividend Paid
Services received related party transactions 9,60,000 9,60,000 14,40,000 12,00,000
Other related party transactions expense 0 72,000 0 90,000
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

Categories of related parties [Axis] Column 5
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of relationship and transactions between related parties [Abstract]
Disclosure of relationship and transactions between related parties [LineItems]
Ramesh Mehendale,
Lumega Industries - Ramesh Mehendale,
Proprietory Concern Lumega Industries -
of R a m e s h Proprietory Concern
Name of related party Mehendale and of Ramesh Mehendale
Omega Industries - and Omega Industries
Proprietory Concern - Proprietory Concern
of R a m e s h of Ramesh Mehendale
Mehendale
Country of incorporation or residence of related party INDIA INDIA
Permanent account number of related party AAEPM1153E AAEPM1153E
Relatives of Key Relatives of Key
Description of nature of related party relationship management management
personnel personnel
Description of nature of transactions with related party Sales Sales
Revenue from sale of goods related party transactions 0 0
Other related party transactions expense 0 0
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

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of notes on related party explanatory [TextBlock]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company No No
106
[201400] Notes - Leases

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

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Adjustments of numerator to calculate diluted earnings per share [Abstract]
[202800] Notes - Subsidiary information

01/04/2018
to
31/03/2019
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No
[202400] Notes - Investments in associates

01/04/2018
to
31/03/2019
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
Whether company has associates liquidated or sold during year No
107
[202500] Notes - Financial reporting of interests in joint ventures

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

01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 1,43,23,603 2,36,69,160 4,37,21,347
Total cash and cash equivalents 1,43,23,603 2,36,69,160
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 7,18,30,000 6,07,61,775
Total income taxes paid (refund) 7,18,30,000 6,07,61,775
108
[100200] Statement of profit and loss

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 275,64,74,139 260,22,28,475
Revenue from sale of services 0 0
Other operating revenues 2,54,90,262 1,82,16,013
Excise duty 0 6,54,76,671
Other duties taxes collected 0 1,44,05,551
Total revenue from operations other than finance company 278,19,64,401 254,05,62,266
Total revenue from operations 278,19,64,401 254,05,62,266
Other income 53,57,308 32,80,670
Total revenue 278,73,21,709 254,38,42,936
Expenses [Abstract]
Cost of materials consumed 219,53,23,010 201,57,23,868
Changes in inventories of finished goods, work-in-progress and
-5,53,34,709 1,43,78,896
stock-in-trade
Employee benefit expense 6,46,94,417 5,51,28,063
Finance costs 2,30,31,951 1,69,24,812
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 3,10,10,727 2,67,92,740
Total depreciation, depletion and amortisation expense 3,10,10,727 2,67,92,740
CSR expenditure 29,25,000 24,97,688
Other expenses 27,33,04,607 23,44,83,068
Total expenses 253,49,55,003 236,59,29,135
Total profit before prior period items, exceptional items, extraordinary
25,23,66,706 17,79,13,801
items and tax
Total profit before extraordinary items and tax 25,23,66,706 17,79,13,801
Total profit before tax 25,23,66,706 17,79,13,801
Tax expense [Abstract]
Current tax 7,18,30,000 6,07,61,775
Deferred tax 15,65,594 -40,45,123
Total tax expense 7,33,95,594 5,67,16,652
Total profit (loss) for period from continuing operations 17,89,71,112 12,11,97,149
Total profit (loss) for period before minority interest 17,89,71,112 12,11,97,149
Total profit (loss) for period 17,89,71,112 12,11,97,149
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] 67.79 [INR/shares] 45.91
Diluted earnings per equity share [INR/shares] 67.79 [INR/shares] 45.91
109
[300500] Notes - Subclassification and notes on income and expenses

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross 275,64,74,139 260,22,28,475
Total revenue from sale of products 275,64,74,139 260,22,28,475
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Total revenue from sale of services 0 0
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 2,54,90,262 1,82,16,013
Total other operating revenues 2,54,90,262 1,82,16,013
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 32,54,166 28,93,302
Total interest income on current investments 32,54,166 28,93,302
Total interest income 32,54,166 28,93,302
Dividend income [Abstract]
Dividend income current investments [Abstract]
Dividend income current equity securities 300 300
Total dividend income current investments 300 300
Total dividend income 300 300
Rental income on investment property [Abstract]
Rental income on investment property, current 10,97,839 3,25,000
Total rental income on investment property 10,97,839 3,25,000
Other non-operating income [Abstract]
Surplus on disposal, discard, demolishment and destruction of
0 0
depreciable tangible asset
Excess provisions bad doubtful debts advances written back 1,18,975 62,068
Miscellaneous other non-operating income 8,86,028 0
Total other non-operating income 10,05,003 62,068
Total other income 53,57,308 32,80,670
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense long-term loans [Abstract]
Interest expense long-term loans, others 1,36,66,616 1,72,58,583
Total interest expense long-term loans 1,36,66,616 1,72,58,583
Total interest expense 1,36,66,616 1,72,58,583
Other borrowing costs (A) 80,34,623 (B) 68,09,774

Net gain/loss on foreign currency transactions and translations
13,30,712 -71,43,545
treated as finance costs
Total finance costs 2,30,31,951 1,69,24,812
Employee benefit expense [Abstract]
Salaries and wages 2,48,23,937 1,98,18,876
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 3,38,72,644 3,00,01,584
Total remuneration to directors 3,38,72,644 3,00,01,584
Total managerial remuneration 3,38,72,644 3,00,01,584
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 21,80,308 18,25,768
Total contribution to provident and other funds 21,80,308 18,25,768
Gratuity 19,54,808 8,54,380
Staff welfare expense 18,62,720 26,27,455
110
Total employee benefit expense 6,46,94,417 5,51,28,063

Breakup of other expenses [Abstract]
Consumption of stores and spare parts 55,41,872 38,85,741
Power and fuel 3,90,50,703 2,93,95,030
Rent 3,77,420 0
Repairs to building 3,98,951 0
Repairs to machinery 1,09,16,075 86,22,414
Insurance 36,90,378 30,25,780
Rates and taxes excluding taxes on income [Abstract]
Cost taxes other levies by government local authorities 51,11,068 34,62,126
Total rates and taxes excluding taxes on income 51,11,068 34,62,126
Research development expenditure 26,12,229 10,10,698
Subscriptions membership fees 3,53,199 1,58,324
Electricity expenses 1,84,54,740 1,85,29,868
Telephone postage 13,49,567 14,46,330
Printing stationery 6,40,172 8,28,492
Travelling conveyance 37,16,093 43,54,676
Legal professional charges 1,54,08,398 1,29,45,200
Vehicle running expenses 7,15,076 3,68,079
Safety security expenses 13,21,923 12,96,989
Directors sitting fees 0 0
Donations subscriptions 10,500 15,500
Cost repairs maintenance other assets 18,23,358 16,86,477
Cost transportation [Abstract]
Cost freight 5,84,29,018 5,22,29,848
Total cost transportation 5,84,29,018 5,22,29,848
Cost water charges 5,87,351 9,19,430
Provision bad doubtful debts created 1,17,98,983 0
Provision bad doubtful loans advances created 0 0
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0 0
Bad debts written off 0 0
Bad debts advances written off 0 0
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
0 26,38,775
tangible asset
Payments to auditor [Abstract]
Payment for audit services 3,20,000 3,20,000
Payment for taxation matters 75,000 75,000
Payment for company law matters 0 0
Payment for other services 2,68,541 2,89,925
Total payments to auditor 6,63,541 6,84,925
Miscellaneous expenses 9,03,33,992 8,69,78,366
Total other expenses 27,33,04,607 23,44,83,068
Current tax [Abstract]
Current tax pertaining to previous years 0 6,66,775
Current tax pertaining to current year 7,18,30,000 6,00,95,000
Total current tax 7,18,30,000 6,07,61,775
Footnotes
(A) Bank charges and commission
(B) Bank charges and commission
111
[300600] Notes - Additional information statement of profit and loss

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Additional information on profit and loss account explanatory [TextBlock]
Changes in inventories of finished goods -4,29,74,472 -3,05,10,307
Changes in inventories of work-in-progress -1,23,60,237 4,48,89,203
Total changes in inventories of finished goods, work-in-progress and
-5,53,34,709 1,43,78,896
stock-in-trade
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
Total earnings in foreign currency 0 0
Domestic sale manufactured goods 177,17,59,686 170,35,51,289
Total domestic turnover goods, gross 177,17,59,686 170,35,51,289
Export sale manufactured goods 98,47,14,453 89,35,36,436
Export sale traded goods 0 51,40,750
Total export turnover goods, gross 98,47,14,453 89,86,77,186
Total revenue from sale of products 275,64,74,139 260,22,28,475
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 0 0
[300100] Notes - Revenue

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Textual information (41) Textual information (42)
Disclosure of revenue explanatory [TextBlock] [See below] [See below]
112
Disclosure of revenue explanatory [Text Block]

1. Revenue recognition –
9 Incomes/Expenses/Revenues are accounted for on accrual basis in accordance with the Accounting Standard (AS-9). Accordingly,
wherever there are uncertainties in the ascertainment/realization of Income, the same is not accounted for.
manufactured and outsourced products .
9.3 Incentives & allowances on exports, subsidy and other industrial benefits, VAT/GST refund, insurance claim and income of such nature is
9.4 Forward Contract Gain – expenditure & earning in foreign currency hedging are recognized only on settlement of contract.
9.5 Interest Income is recognized on a time proportion basis taking into account the amount outstanding and the rate applicable.
113
Disclosure of revenue explanatory [Text Block]

1. Revenue recognition –
9 Incomes/Expenses/Revenues are accounted for on accrual basis in accordance with the Accounting Standard (AS-9). Accordingly,
wherever there are uncertainties in the ascertainment/realization of Income, the same is not accounted for.
manufactured and outsourced products .
9.3 Incentives & allowanceson exports, subsidy and other industrial benefits, VAT/GST refund, insurance claim and income of such natureis
9.4 ForwardContract Gain – expenditure & earning in foreign currency hedging are recognized only on settlement of contract.
Interest Income is recognized on a time proportion basis taking into account the amount outstanding and the rate applicable.
114
[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] Column 1 Column 2 Column 3
01/04/2018 01/04/2018 01/04/2018
to to to
31/03/2019 31/03/2019 31/03/2019
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors [Abstract]
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[LineItems]
SANDEEP
JAYENDRA RAJEEV RAMESH
Name of key managerial personnel or director RATILAL SHAH
MAHENDRA
MEHENDALE
SHAH
Director identification number of key managerial personnel or
00132613 00306045 00306068
director
Date of birth of key managerial personnel or director 12/12/1933 14/01/1967 31/01/1969
Designation of key managerial personnel or director Director Director Director
B.Sc. (Hons)
Chemistry, B.Sc.
Qualification of key managerial personnel or director (Tech), M.Sc. MSE BE Chemicals
(Tech), FIMMM
(UK), FIPI, FIIChE
Shares held by key managerial personnel or director [shares] 0 [shares] 7,71,800 [shares] 5,48,900
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director 0 30,00,000 30,00,000
Perquisites key managerial personnel or director 0 18,000 18,000
Profits in lieu of salary key managerial personnel or director 0 0 0
Gross salary to key managerial personnel or director 0 30,18,000 30,18,000
Sitting fees key managerial personnel or director 0 0 0
Stock option key managerial personnel or director 0 0 0
Sweat equity key managerial personnel or director 0 0 0
Commission as percentage of profit key managerial personnel or
0 0 0
director
Other commission key managerial personnel or director 0 1,39,35,362 1,39,35,362
Other compensation key managerial personnel or director 0 0 0
Total key managerial personnel or director remuneration 0 1,69,53,362 1,69,53,362
Ceiling as per act key managerial personnel or director
0 0 0
remuneration
115
[301000] Notes - Corporate social responsibility
Classification of CSR spending [Table] ..(1)

Classification of CSR spending [Axis] Column 1
01/04/2018
to
31/03/2019
Disclosure of CSR spending [Abstract]
Details of CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [LineItems]
(A) Implementing
CSR project or activity identified Agency
Poverty, hunger,
Sector in which project is covered malnutrition
Whether projects or programs undertaken in local area or other N.A.
Name of state or union territory where projects or programs was undertaken Maharashtra
N.A. as contribution
made to
Name of district where projects or programs was undertaken implementing
agency
Budget amount outlay project or program wise 29,23,252
Amount spent on projects or programs [Abstract]
Direct expenditure on projects or programs 29,25,000
Total amount spent on projects or programs 29,25,000
Other implementing
Mode of amount spent agencies
Footnotes
(A) The Company has contributed Rs. 29,25,000/- to Section 8 Company named Goldstab Social Welfare Foundation (GSWF)
Disclosure of net profits for last three financial years [Table] ..(1)
Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis]
[Member] [Member] [Member]
01/04/2018 01/04/2018 01/04/2018
to to to
31/03/2019 31/03/2019 31/03/2019
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [LineItems]
Description of financial year 2017-2018 2016-17 2015-16
Profit before tax of financial year 17,79,13,801 16,35,04,121 11,90,27,913
Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
17,79,13,801 14,45,20,000 11,60,54,050
of Companies (CSR Policy) Rules, 2014

01/04/2018
to
31/03/2019
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
Yes
company
Disclosure of composition of CSR committee [TextBlock] [See below]
Whether company has written CSR policy Yes
Details CSR policy [TextBlock] [See below]
Average net profit for last three financial years 14,61,62,617
Prescribed CSR expenditure 29,23,252.34
Amount CSR to be spent for financial year 29,23,252.34
Amount CSR spent for financial year 29,25,000
Amount unspent CSR 0
Goldstab Social Welfare
Details of implementing agency Foundation (GSWF)
116
Disclosure of composition of CSR committee [Text Block]
117
Details CSR policy [Text Block]

ANNEXURE C
Annual Report on CSR Activities
1. Brief outline of Company’s CSR policy, including overview of projects or programmes proposed to be undertaken and a reference to the
weblink to the CSR policy and projects or programmes
The Board of the Company constituted CSR committee. The committee has formulated CSR policy indicating the activities to be undertaken by it
on behalf of the Company.
3.
4. Average Net profits of last three financial years: Rs. 14,61,62,617/- (Rupees Fourteen CroresSixty One Lacs Sixty Two Thousand
SixHundred SeventeenOnly)
118
5. Prescribed CSR Expenditure (two percent of the amount as mentioned in point 3 above): Rs. 29,23,252/- (Rupees Twenty Nine
LakhsTwenty Three Thousand Two Hundred Fifty Two Only)
6. Details of CSR spent during the financial year:
a) Total amount to be spent during the financial year: Rs. 29,25,000/-
b) Amount unspent, if any: NIL
The Company has contributed Rs. 29,25,000/-to Section 8 Company named Goldstab Social Welfare Foundation (GSWF) an implementing
agency. GSWF is incorporated on 30.01.2016 and engaged in CSR activities as prescribe under the Provision of Section 135 read with Companies
(Corporate Social Responsibility) Rules, 2014 and schedule VII of the companies Act, 2013. GSWF is conducting CSR activities and has made
payment for Dahanu School & boarding (Separate Toilet blocks for boys and girls and compound wall around girls hostel), Kanadu project (bore
wells and pump set for irrigation), Kerala relief Fund.
7. In case the Company has failed to spend two percent of average net profits of the last three financial years or any part thereof, the
Company shall provide the reasons for not spending the amount in its Boards Report-
Not applicable
8. A responsibility statement of the CSR committee that the implementation and monitoring of CSR Policy, is in compliance with the
CSR objectives and Policy of the Company
The Corporate Social Responsibility (CSR) Committee hereby confirms that the implementation and monitoring of CSR activities are in
compliance with the CSR objectives and Policy of the Company
119
Director Director
DIN: 00306045 DIN: 00306068
Add: 501, LabhShraddha CHS Ltd, 36, Add: 401/402, Jeevan Deep, BaburaoParulkar Marg,
Baptista Road, Near Railway Crossing off.Gokhale Road South, Dadar (West), Mumbai-28
Place: Mumbai
120

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GOLDSTAB ORGANICS PRIVATE LIMITED

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

[400100] Disclosure of general information about company

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

Unit of measurement of highest contributing

[400400] Disclosures - Directors report

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

Unless otherwise specified, all monetary values are in INR

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

GOLDSTAB ORGANICS PRIVATE LIMITED

FINANCIAL SUMMARY OR HIGHLIGHTS/PERFORMANCE OF THE COMPANY

Particulars 2018-2019 2017-2018

Revenue from Operations 2,75,64,74,139 2,52,23,46,253

Other Income 3,08,47,570 2,14,96,683

Total Revenue 2,78,73,21,709 2,54,38,42,936

Less: Expenses excluding Interest & Depreciation 2,48,09,12,325 2,32,22,11,583

Profit Before Interest, Depreciation & Tax 30,64,09,384 22,16,31,353

Less: Finance Cost 2,30,31,951 1,69,24,812

Less: Depreciation & Amortization Expenses 3,10,10,727 2,67,92,740

Profit before Tax 25,23,66,706 17,79,13,801

Less: Provision for Tax 7,18,30,000 6,00,95,000

Less: Tax payment and provision for earlier years - 6,66,775

Less: Deferred Tax 15,65,594 -40,45,123

Profit after Tax 17,89,71,112 12,11,97,149

Less : Proposed Dividend & Tax thereon - 19,06,470

Balance carried to Balance Sheet 17,89,71,112 11,92,90,679

RESERVES & SURPLUS

No dividend has been declare for the financial year 2018-19.

TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND

CHANGE IN THE NATURE OF BUSINESS

EVENTS SUBSEQUENT TO THE DATE OF FINANCIAL STATEMENTS

DETAILS OF SUBSIDIARY/JOINT VENTURES/ASSOCIATE COMPANIES

DIRECTORS AND KEY MANAGERIAL PERSONNEL

S.No DIN Name Designation Date of Appointment

1 00132613 Mr. Jayendra Ratilal Shah Director 17/07/2015

2 00306045 Mr. Sandeep Mahendra Shah Director 18/06/1997

3 00306068 Mr. Rajeev Ramesh Mehendale Director 18/06/1997

Detailed Report on CSR activities is attached as Annexure C.

RISK MANAGEMENT POLICY

SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS

CHANGES IN SHARE CAPITAL

FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION 12 OF SECTION 143

EXTRACT OF ANNUAL RETURN

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

b) Research & Development

d) Foreign Exchange Earnings : Rs. 98,47,14,453 (Previous Year Rs. 89,86,77,186/- )

Foreign Exchange Outgo: Rs. 52,02,04,945 (Previous Year Rs. 38,12,99,310/-)

DIRECTORS’ RESPONSIBILITY STATEMENT

d) They have prepared the annual accounts on a going concern basis;

For and on behalf of the Board of Directors

Goldstab Organics Private Limited

Sandeep M. Shah Rajeev R. Mehendale

DIN: 00306045 DIN: 00306068

Vile Parle (West), Mumbai-56

Date: 3rd September, 2019

TO THE DIRECTORS’ REPORT

TO THE DIRECTORS’ REPORT

FORM NO. MGT-9

EXTRACT OF ANNUAL RETURN

as on the financial year ended on 31st March, 2018

I. Registration And Other Details