XML BS PL - ISCPL Consolidated IND AS 2021.xml

INDUSTRIAL SOLVENTS AND CHEMICALS PRIVATE LIMITED
Consolidated Financial Statements for period 01/04/2020 to 31/03/2021
[700300] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
INDUSTRIAL SOLVENTS AND
Name of company CHEMICALS PRIVATE
LIMITED
Corporate identity number U24110MH1959PTC011440
Permanent account number of entity AAACA1111E
101 ATLANTA209 NARIMAN
Address of registered office of company POINT
Commercial and
Type of industry Industrial
Period covered by financial statements 12 Months 12 Months
Date of start of reporting period 01/04/2020 01/04/2019
Date of end of reporting period 31/03/2021 31/03/2020
Nature of report standalone consolidated Consolidated
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Lakhs
Type of cash flow statement Indirect Method
[700400] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] Column 1
01/04/2020
to
31/03/2021
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Name of audit firm DNV & Co
BHARAT
Name of auditor signing report JETHMAL JAIN
Firms registration number of audit firm 102079W
Membership number of auditor 100583
305 III FLOOR
LUNKAD
REALTY SKY
STATION DATTA
Address of auditors MANDIR CHOWK
VIMAN NAGAR
PUNE 411014
INDIA
Permanent account number of auditor or auditor's firm AACPJ9026F
SRN of form ADT-1 G68923705
Date of signing audit report by auditors 22/11/2021
Date of signing of balance sheet by auditors 22/11/2021

01/04/2020
to
31/03/2021
Textual information (1)
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company No
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
Auditor's qualification(s), reservation(s) or adverse remark(s) in
NA
auditors' report
INDUSTRIAL SOLVENTS AND CHEMICALS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITOR’S REPORT
To the Members of
Industrial Solvents and Chemicals Private Limited
Report on the Audit of the Consolidated Financial Statements
1. Opinion
We have audited the accompanying consolidated financial statements of Industrial Solvents and Chemicals Private Limited
(“the Parent Company”) and its subsidiary (the Parent Company and its subsidiary together referred to as “the Group”),
which comprise the Consolidated Balance Sheet as at March 31, 2021, the Consolidated Statement of Profit and Loss
(including Other Comprehensive Income), the Consolidated Statement of Cash Flows, the Consolidated Statement of
Changes in Equity, for the year then ended, and notes to the consolidated financial statements including a summary of the
significant accounting policies and other explanatory information (hereinafter referred to as “the consolidated financial
statements”).
In our opinion and to the best of our information and according to the explanations given to us, and based on the
consideration of reports of other auditor on separate financial statements of such subsidiary as were audited by the other
auditors, the aforesaid consolidated financial statements give the information required by the Companies Act, 2013 (the
“Act”) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted
in India including Indian Accounting Standards (“ Ind AS”) specified under section 133 of the Act read with the Companies
(Indian Accounting Standards) Rules 2015, as amended from time to time (Ind AS), of the consolidated state of affairs of the
Group as at March 31, 2021, their consolidated profit (including other comprehensive income), their consolidated cash flows
and the consolidated statement of changes in equity for the year ended on that date.
2. Basis for Opinion
We conducted our audit of the consolidated financial statements in accordance with the Standards on Auditing (“SAs”)
specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the “Auditor’s
Responsibilities for the Audit of the Consolidated Financial Statements” section of our report. We are independent of the
Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with
the independence requirements that are relevant to our audit of the consolidated financial statements under the provisions of
the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these
requirements and the ICAI’s Code of Ethics.
We believe that the audit evidence obtained by us along with the consideration of audit report of the other auditors referred to
in paragraph “Other Matters” below, is sufficient and appropriate to provide a basis for our audit opinion on the consolidated
financial statements.
EMPHASIS OF MATTER We draw attention to a) Note No. 50 of the consolidated financial statements
regarding process of identifying “Specified Companies” under the Micro, Small & Medium Enterprises Act, 2006 and
compliances with the relevant provision of the said Act. b) Note No. 55 of the consolidated financial statements
regarding pending reconciliation of balances of GST as appearing in the consolidated financial statements with the
corresponding balances on GST portals and returns and its overall reconciliation with some of the key parameters in the
consolidated financial statements. c) Note No. 56 of the consolidated financial statements regarding pending receipt of
balance confirmation in respect of certain financial assets and financial liabilities and subsequent adjustment thereto if any.
d) Note no. 57 of the consolidated financial statements regarding the uncertainties arising out of the outbreak of COVID
19 pandemic and the assessment made by the management on its operations and the financial reporting for the year ended
March 31, 2021. Such an assessment and the outcome of the pandemic, as made by the management, is dependent on the
circumstances as they evolve in the subsequent periods. Further, we were not able to participate in the physical verification
of inventory held by parent company that was carried out by the management post year ended March 31, 2021.
Consequently, we have performed alternate procedures to audit the existence of inventory as per the guidance provided in
SA 501 “Audit Evidence –Specific consideration for selected items” and have obtained sufficient appropriate evidence.
Our opinion is not modified in respect of these matters.
3. Information Other than the Consolidated Financial Statements and Auditor’s Report Thereon (“Other Information”)
The Parent Company’s management and Board of Directors is responsible for the preparation of the other information. The
other information comprises the information included in the Board Report, but does not include the consolidated financial
statements and our auditor’s report thereon.
Our opinion on the consolidated financial statements does not cover the other information and we do not express any form
2
of assurance / conclusion thereon.
In connection with our audit of the consolidated financial statements, our responsibility is to read the other information and,
in doing so, consider whether the other information is materially inconsistent with the consolidated financial statements or
our knowledge obtained in the audit or otherwise appears to be materially misstated. Other information so far as it relates to
the subsidiaries, is traced from their financial statements audited by the other auditors.
If, based on the work we have performed on the other information and based on the work done/ audit report of other
auditors, we conclude that there is a material misstatement of this other information, we are required to report that fact. We
have nothing to report in this regard.
4. Management’s Responsibility for the Consolidated Financial Statements
The Parent Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to
preparation of these consolidated financial statements that give a true and fair view of the consolidated financial position,
consolidated financial performance(changes In equity), consolidated total comprehensive income, consolidated changes in
equity and consolidated cash flows of the Group, in accordance with the Ind AS and other accounting principles generally
accepted in India. The respective Board of Directors / management of the companies / LLP included in the Group are
responsible for maintenance of the adequate accounting records in accordance with the provisions of the Act for
safeguarding the assets of the Group and for preventing and detecting frauds and other irregularities; selection and
application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and
design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring
the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated
financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error,
which have been used for the purpose of preparation of the consolidated financial statements by the Directors of the Parent
Company, as aforesaid.
In preparing the consolidated financial statements, the respective management and Board of Directors of the companies/
LLP included in the Group are responsible for assessing the ability of each Company / LLP 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 / LLP or to cease operations, or has no realistic alternative but to do
so.
The respective Board of Directors of the Parent company and Designated Partners of Subsidiary (Limited Liability
Partnership-LLP) included in the Group are also responsible for overseeing the financial reporting process of the Group.
5. Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements
Our objectives are to obtain reasonable assurance about whether the consolidated 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 consolidated financial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism
throughout the audit. We also:
• Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or
error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher
than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the
override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate
in the circumstances. Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for expressing our
opinion on whether the Group has adequate internal financial controls system in place and the operating effectiveness of
such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related
disclosures made by management.
• Conclude on the appropriateness of management’s use of the going concern basis of accounting in preparation of
consolidated financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that
a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the
consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on
the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group
(Parent Company and Subsidiaries) to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the consolidated financialstatements, including the
disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner
that achieves fair presentation.
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• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within
the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision
and performance of the audit of the financial statements of such entities included in the consolidated financial statements of
which we are the independent auditors. For the other entities included in the consolidated financial statements, which have
been audited by the other auditors, such other auditors remain responsible for the direction, supervision and performance of
the audits carried out by them. We remain solely responsible for our audit opinion.
Materiality is the magnitude of misstatements in the consolidated financial statements that, individually or in aggregate,
makes it probable that the economic decisions of a reasonably knowledgeable user of the consolidated financial statements
may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and
in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the consolidated
We communicate with those charged with governance of the Parent Company regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we
identify during our audit
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements
regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought
to bear on our independence, and where applicable, related safeguards.
6. Other Matters
a) We did not audit the financial statements / financial information of one subsidiary, whose financial statement / financial
information reflect total assets of Rs.2,064.79 Lakhs as at March 31, 2021, total revenues of Rs. Nil and net cash outflow
amounting to Rs. 0.10 Lakhs for the year ended on that date, as considered in the consolidated financial statements . This
financial statements / financial information’s have been audited by other auditors whose reports have been furnished to us by
the Management and our opinion on the consolidated financial statements, in so far as it relates to the amounts and
disclosures included in respect of this subsidiary, and our report in terms of sub-sections (3) and (11) of Section 143 of the
Act, in so far as it relates to the aforesaid subsidiary, is based solely on the reports of the other auditors.
b) Due to the COVID-19 pandemic and the lockdown and other restrictions imposed by Government and local
administration, the audit processes were carried out based on the remote access of the data to the extent available feasible
and necessary records made available by management through digital medium. We have been represented by management
that the data provided for our audit processes is correct, complete, reliable and are directly generated by the accounting
system of the Company without any material manual intervention.
Our opinion on the consolidated financial statements, and our report on Other Legal and Regulatory Requirements below, is
not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other
auditor and data / records made available by management through digital medium.
7. Report on Other Legal and Regulatory Requirements
I. The provisions of section 197 read with Schedule V to the Act are not applicable to the Parent Company and its
subsidiary since the Parent Company is not a public company as defined under section 2(71) of the Act and its subsidiary is
Limited Liability Partnership (LLP). Accordingly, reporting under section 197(16) is not applicable.
II. As required by Section 143(3) of the Act, based on our audit 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 of the aforesaid consolidated financial statements.
b) In our opinion, proper books of account as required by law relating to preparation of the aforesaid consolidated
financial statements have been kept so far as it appears from our examination of those books , and the reports of the other
auditors. .
a) The Consolidated Balance Sheet, the Consolidated Statement of Profit and Loss (including Other Comprehensive
Income), the Consolidated Statement of Cash Flows and Consolidated Statement of Changes in Equity dealt with by this
Report are in agreement with the relevant books of account maintained for the purpose of preparation of the consolidated
b) In our opinion, the aforesaid consolidated financial statements comply with the Ind AS specified under Section 133 of
the Act, read with relevant Rules issued thereunder to the extent applicable.
c) On the basis of written representations received from the directors of the Parent Company as on March 31, 2021 and
taken on record by the Board of Directors of the Parent Company ( since the Parent Company is the only Company in the
group), none of the directors of the Parent Company incorporated in India is disqualified as on March 31, 2021 from being
appointed as a director in terms of section 164(2) of the Act.
d) With respect to the adequacy of the internal financial controls with reference to consolidated financial statements of
the group and operating effectiveness of such controls, refer to our separate report given in Annexure B to the Independent
Auditor’s Report on standalone financial statement of Parent Company, since the Parent Company is the only Company in
4
the group. Our report expresses an unmodified opinion on the adequacy and operating effectiveness of the internal financial
controls with reference to financial statements of the Parent Company, for the reasons stated therein.
e) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies
(Audit and Auditors) Rules, 2014, as amended in our opinion and to the best of our information and according to the
explanations given to us:
i. The consolidated financial statements disclose the impact of pending litigations on the consolidated financial position of
the Group– Refer Note 44 to the consolidated financial statements;
ii. the Group did not have any material foreseeable losses on long-term contracts including derivative contracts; and
iii. There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection
Fund by the Parent Company.
For D N V & Co.
Chartered Accountants
Firm’s registration No.: 102079W
CA Bharat Jain
Partner
Membership No.: 100583
UDIN: 21100583AAAAGS4656
Place: Mumbai
Date: November 22, 2021
5
[110000] Balance sheet

31/03/2021 31/03/2020 31/03/2019
Balance sheet [Abstract]
Assets [Abstract]
Non-current assets [Abstract]
Property, plant and equipment 12,812.27 12,955.45 13,114.41
Capital work-in-progress 2,408.63 2,064.43
Other intangible assets 11.74 13.49 14.79
Intangible assets under development 400.17 400.17
Non-current financial assets [Abstract]
Non-current investments 109.14 665.23
Trade receivables, non-current 0 33.22
Loans, non-current 0 0
Other non-current financial assets 20.21 7,350.52
Total non-current financial assets 129.35 8,048.97
Other non-current assets 573.52 585.11
Total non-current assets 16,335.68 24,067.62
Current assets [Abstract]
Inventories 5,639.06 2,959.87
Current financial assets [Abstract]
Current investments 0 0
Trade receivables, current 13,140.03 10,228.2
Cash and cash equivalents 1,118.12 1,428.21
Bank balance other than cash and cash equivalents 4,874.87 965.79
Loans, current 0 0
Other current financial assets 472.13 138.17
Total current financial assets 19,605.15 12,760.37
Current tax assets 186.42 76.98
Other current assets 988.49 1,223.62
Total current assets 26,419.12 17,020.84
Total assets 42,754.8 41,088.46
Equity and liabilities [Abstract]
Equity [Abstract]
Equity attributable to owners of parent [Abstract]
Equity share capital 229.5 306 405
Other equity 25,896.21 29,838.99
Total equity attributable to owners of parent 26,125.71 30,144.99
Non controlling interest 1,533.99 55.51
Total equity 27,659.7 30,200.5
Liabilities [Abstract]
Non-current liabilities [Abstract]
Non-current financial liabilities [Abstract]
Borrowings, non-current 0 0
Total non-current financial liabilities 0 0
Provisions, non-current 22.03 17.78
Deferred tax liabilities (net) 1,593.8 1,632.53
Deferred government grants, Non-current 28.94 0
Other non-current liabilities 2 2
Total non-current liabilities 1,646.77 1,652.31
Current liabilities [Abstract]
Current financial liabilities [Abstract]
Borrowings, current 4,939.18 4,284.99
Trade payables, current 6,576.28 3,387.82
Other current financial liabilities 1,473.35 1,203.73
Total current financial liabilities 12,988.81 8,876.54
Other current liabilities 318.35 353.95
Provisions, current 6.14 5.16
Current tax liabilities 135.03 0
Total current liabilities 13,448.33 9,235.65
Total liabilities 15,095.1 10,887.96
Total equity and liabilities 42,754.8 41,088.46
6
[210000] Statement of profit and loss
Earnings per share [Table] ..(1)

Classes of equity share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Statement of profit and loss [Abstract]
Earnings per share [Abstract]
Earnings per share [Line items]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from [INR/shares] [INR/shares] [INR/shares] [INR/shares]
continuing operations 1,940.78 2,068.94 1,940.78 2,068.94
[INR/shares] [INR/shares] [INR/shares] [INR/shares]
Total basic earnings (loss) per share 1,940.78 2,068.94 1,940.78 2,068.94
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from [INR/shares] [INR/shares] [INR/shares] [INR/shares]
continuing operations 1,940.78 2,068.94 1,940.78 2,068.94
[INR/shares] [INR/shares] [INR/shares] [INR/shares]
Total diluted earnings (loss) per share 1,940.78 2,068.94 1,940.78 2,068.94
7

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Statement of profit and loss [Abstract]
Income [Abstract]
Revenue from operations 52,428.5 49,659.1
Other income 709.45 1,095.48
Total income 53,137.95 50,754.58
Expenses [Abstract]
Cost of materials consumed 25,944.89 22,130.22
Purchases of stock-in-trade 647.26 304.51
Changes in inventories of finished goods, work-in-progress and
-1,011.64 139.71
stock-in-trade
Employee benefit expense 5,364.88 4,846.19
Finance costs 278.32 272.29
Depreciation, depletion and amortisation expense 960.88 945.72
Other expenses 13,798.16 12,902.99
Total expenses 45,982.75 41,541.63
Profit before exceptional items and tax 7,155.2 9,212.95
Total profit before tax 7,155.2 9,212.95
Tax expense [Abstract]
Current tax 1,757.96 2,395.49
Deferred tax -31.58 -671.29
Total tax expense 1,726.38 1,724.2
Total profit (loss) for period from continuing operations 5,428.82 7,488.75
Total profit (loss) for period 5,428.82 7,488.75
Comprehensive income OCI components presented net of tax [Abstract]
Whether company has other comprehensive income OCI components
No No
presented net of tax
Other comprehensive income net of tax [Abstract]
Components of other comprehensive income that will not be
reclassified to profit or loss, net of tax [Abstract]
Other comprehensive income, net of tax, gains (losses) on
-4.14 -3.12
remeasurements of defined benefit plans
Other comprehensive income, net of tax, change in fair
value of financial liability attributable to change 0.32 -4.69
in credit risk of liability
Other comprehensive income that will not be reclassified to
3.6 53.42
profit or loss, net of tax, others
Total other comprehensive income that will not be reclassified
-0.22 45.61
to profit or loss, net of tax
Total other comprehensive income -0.22 45.61
Other comprehensive income attributable to net of tax [Abstract]
Other Comprehensive income, attributable to owners of parent 0 0
Other Comprehensive income, attributable to non-controlling
0 0
interests
Total comprehensive income 5,428.6 7,534.36
Comprehensive income attributable to net of tax [Abstract]
Comprehensive income, attributable to owners of parent 0 0
Comprehensive income, attributable to non-controlling interests 0 0
Comprehensive income OCI components presented before tax [Abstract]
Whether company has comprehensive income OCI components presented
No No
before tax
Other comprehensive income before tax [Abstract]
Components of other comprehensive income that will not be
reclassified to profit or loss, before tax [Abstract]
Other comprehensive income, before tax, gains (losses) on
-0.22 45.61
revaluation
Share of other comprehensive income of associates
and joint ventures accounted for using equity
0 0
method that will not be reclassified to profit or
loss, before tax
0 0
profit or loss, before tax, others
-0.22 45.61
profit or loss, before tax
Total other comprehensive income, before tax -0.22 45.61
Total other comprehensive income -0.22 45.61
Other comprehensive income attributable to [Abstract]
8
Other Comprehensive income, attributable to non-controlling

0 0
interests
Total comprehensive income 5,428.6 7,534.36
Comprehensive income attributable to [Abstract]
Comprehensive income, attributable to owners of parent 0 0
Comprehensive income, attributable to non-controlling interests 0 0
Earnings per share explanatory [TextBlock]
Earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] 1,940.78 [INR/shares] 2,068.94
Total basic earnings (loss) per share [INR/shares] 1,940.78 [INR/shares] 2,068.94
Diluted earnings (loss) per share from continuing operations [INR/shares] 1,940.78 [INR/shares] 2,068.94
Total diluted earnings (loss) per share [INR/shares] 1,940.78 [INR/shares] 2,068.94
[210000a] Statement of profit and loss
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Table] ..(1)
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Axis] Column 1
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Other comprehensive income that will not be reclassified to profit or loss, net of tax,
others [Abstract]
others [Line items]
Fair value change in Fair value change in
Description of other comprehensive income that will not be reclassified to profit equity / Debt equity / Debt
or loss, net of tax, others Instruments through Instruments through
OCI OCI
3.6 53.42
others
9
[400200] Statement of changes in equity
Statement of changes in equity [Table] ..(1)

Equity attributable
to the equity
Components of equity [Axis] Equity [Member]
holders of the
parent [Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement
0 0 0
is applicable)
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0 0
Correction of prior period errors 0 0 0
Adjustments to equity for restatement 0 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 5,428.82 7,488.75 5,428.82
Changes in comprehensive income components 0 0 0
Total comprehensive income 5,428.82 7,488.75 5,428.82
Other changes in equity [Abstract]
Other additions to reserves 1.52 0.63 1.52
Deductions to reserves [Abstract]
Securities premium adjusted bonus shares 0 0 0
Securities premium adjusted writing off
0 0 0
preliminary expenses
Securities premium adjusted writing
off discount expenses issue shares 0 0 0
debentures
Securities premium adjusted premium
payable redemption preference shares 0 0 0
debentures
Securities premium adjusted
purchase own shares other securities 0 0 0
under section 68
Other utilisation of securities premium
0 0 0
if permitted
Other deductions to reserves 7,576.61 7,724.34 7,576.61
Total deductions to reserves 7,576.61 7,724.34 7,576.61
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation
[Abstract]
Interim equity dividend
0 0 0
appropriation
Interim special dividend
0 0 0
appropriation
Total interim dividend appropriation 0 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 36.72 44.55 36.72
Final special dividend appropriation 0 0 0
Total final dividend appropriation 36.72 44.55 36.72
Total dividend appropriation 36.72 44.55 36.72
Equity dividend tax appropriation 1,709.82 1,811.44 1,709.82
Other appropriations 0 0 0
Transfer to Retained earnings 0 0 0
Total appropriations for dividend,
1,746.54 1,855.99 1,746.54
dividend tax and retained earnings
Appropriation towards bonus shares 0 0 0
Increase (decrease) through other
0 0 0
contributions by owners, equity
0 0 0
distributions to owners, equity
10
Increase (decrease) through other changes,

0 0 0
equity
Increase (decrease) through changes in
ownership interests in subsidiaries that 0 0 0
do not result in loss of control, equity
Other changes in equity, others -49.97 47.94 -49.97
Total other changes in equity -9,371.6 -9,531.76 -9,371.6
Total increase (decrease) in equity -3,942.78 -2,043.01 -3,942.78
Other equity at end of period 25,896.21 29,838.99 31,882 25,896.21
11

Equity attributable to the equity
Components of equity [Axis] Reserves [Member]
holders of the parent [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
Equity [Abstract]
0 0 0
is applicable)
Profit (loss) for period 7,488.75 5,428.82 7,488.75
Total comprehensive income 7,488.75 5,428.82 7,488.75
Other additions to reserves 0.63 1.52 0.63
Securities premium adjusted bonus shares 0
0
off discount expenses issue shares 0
debentures
payable redemption preference shares 0
debentures
purchase own shares other securities 0
under section 68
0 0 0
if permitted
Other deductions to reserves 7,724.34 7,576.61 7,724.34
Total deductions to reserves 7,724.34 7,576.61 7,724.34
[Abstract]
0 0 0
appropriation
0 0 0
appropriation
Final equity dividend appropriation 44.55 36.72 44.55
Total final dividend appropriation 44.55 36.72 44.55
Total dividend appropriation 44.55 36.72 44.55
Equity dividend tax appropriation 1,811.44 1,709.82 1,811.44
1,855.99 1,746.54 1,855.99
0 0 0
0 0 0
0 0 0
equity
Other changes in equity, others 47.94 0 0
12
Total other changes in equity -9,531.76 -9,321.63 -9,579.7

Total increase (decrease) in equity -2,043.01 -3,892.81 -2,090.95
Other equity at end of period 29,838.99 31,882 25,849.35 29,742.16
13

Reserves
Components of equity [Axis] Securities premium reserve [Member]
[Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
Equity [Abstract]
0 0
is applicable)
Effect of changes in accounting policy 0 0
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 0
Profit (loss) for period 0 0
Changes in comprehensive income components 0 0
Total comprehensive income 0 0
Other additions to reserves 0 0
Securities premium adjusted bonus shares 0 0
0 0
off discount expenses issue shares 0 0
debentures
payable redemption preference shares 0 0
debentures
purchase own shares other securities 0 0
under section 68
0 0
if permitted
Other deductions to reserves 12.04 2.77
Total deductions to reserves 12.04 2.77
[Abstract]
0 0
appropriation
0 0
appropriation
Total interim dividend appropriation 0 0
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
0 0
Appropriation towards bonus shares 0 0
0 0
0 0
0 0
equity
ownership interests in subsidiaries that 0 0
Other changes in equity, others 0 0
14
Total other changes in equity -12.04 -2.77

Total increase (decrease) in equity -12.04 -2.77
Other equity at end of period 31,833.11 30.19 42.23 45

General reserve
Components of equity [Axis] Capital redemption reserves [Member]
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
Equity [Abstract]
0 0 0
is applicable)
Profit (loss) for period 0 0 0
Total comprehensive income 0 0 0
Other additions to reserves 0 0 0
0 0 0
if permitted
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
[Abstract]
0 0 0
appropriation
0 0 0
appropriation
Final equity dividend appropriation 0 0 0
Total final dividend appropriation 0 0 0
Total dividend appropriation 0 0 0
Equity dividend tax appropriation 0 0 0
Transfer to Retained earnings -76.5 -99 0
-76.5 -99 0
0 0 0
0 0 0
0 0 0
equity
Other changes in equity, others 0 0 0
Total other changes in equity 76.5 99 0
Total increase (decrease) in equity 76.5 99 0
Other equity at end of period 355.5 279 180 0
15

Components of equity [Axis] General reserve [Member] Retained earnings [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
Equity [Abstract]
0 0 0
is applicable)
Profit (loss) for period 0 5,428.82 7,488.75
Total comprehensive income 0 5,428.82 7,488.75
Other additions to reserves 0 1.52 0.63
0 0 0
if permitted
Other deductions to reserves 716.31 7,564.57 7,005.26
Total deductions to reserves 716.31 7,564.57 7,005.26
[Abstract]
0 0 0
appropriation
0 0 0
appropriation
Final equity dividend appropriation 0 36.72 44.55
Total final dividend appropriation 0 36.72 44.55
Total dividend appropriation 0 36.72 44.55
Equity dividend tax appropriation 0 1,709.82 1,811.44
Transfer to Retained earnings 99 76.5 0
99 1,823.04 1,855.99
0 0 0
0 0 0
0 0 0
equity
Other changes in equity, others 0 0 0
Total other changes in equity -815.31 -9,386.09 -8,860.62
Total increase (decrease) in equity -815.31 -3,957.27 -1,371.87
Other equity at end of period 0 815.31 25,463.66 29,420.93
16

Retained earnings
Components of equity [Axis] Remeasurements of defined benefit plans [Member]
[Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
Equity [Abstract]
0 0
is applicable)
Effect of changes in accounting policy 0 0
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 0
Profit (loss) for period 0 0
Changes in comprehensive income components 0 0
Total comprehensive income 0 0
Other additions to reserves 0 0
0 0
if permitted
Other deductions to reserves 3.1 2.34
Total deductions to reserves 3.1 2.34
[Abstract]
0 0
appropriation
0 0
appropriation
Total interim dividend appropriation 0 0
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
0 0
Appropriation towards bonus shares 0 0
0 0
0 0
0 0
equity
ownership interests in subsidiaries that 0 0
Other changes in equity, others 0 0
Total other changes in equity -3.1 -2.34
Total increase (decrease) in equity -3.1 -2.34
Other equity at end of period 30,792.8 -12.68 -9.58 -7.24
17

Other equity
Components of equity [Axis] Other retained earning [Member] components
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
Equity [Abstract]
0 0 0
is applicable)
Profit (loss) for period 5,428.82 7,488.75 0
Total comprehensive income 5,428.82 7,488.75 0
Other additions to reserves 1.52 0.63 0
Securities premium adjusted bonus shares 0
0
off discount expenses issue shares 0
debentures
payable redemption preference shares 0
debentures
purchase own shares other securities 0
under section 68
0 0 0
if permitted
Other deductions to reserves 7,561.47 7,002.92 0
Total deductions to reserves 7,561.47 7,002.92 0
[Abstract]
0 0 0
appropriation
0 0 0
appropriation
Final equity dividend appropriation 36.72 44.55 0
Total final dividend appropriation 36.72 44.55 0
Total dividend appropriation 36.72 44.55 0
Equity dividend tax appropriation 1,709.82 1,811.44 0
Transfer to Retained earnings 76.5 0 0
1,823.04 1,855.99 0
0 0 0
0 0 0
0 0 0
equity
18
Other changes in equity, others 0 0 -49.97

Total other changes in equity -9,382.99 -8,858.28 -49.97
Total increase (decrease) in equity -3,954.17 -1,369.53 -49.97
Other equity at end of period 25,476.34 29,430.51 30,800.04 46.86
19

Equity instrument through other
Components of equity [Axis] Other equity components [Member]
comprehensive income [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
Equity [Abstract]
0 0 0
is applicable)
Profit (loss) for period 0 0 0
Total comprehensive income 0 0 0
Other additions to reserves 0 0 0
Securities premium adjusted bonus shares 0 0 0
0 0 0
off discount expenses issue shares 0 0 0
debentures
payable redemption preference shares 0 0 0
debentures
purchase own shares other securities 0 0 0
under section 68
0 0 0
if permitted
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
[Abstract]
0 0 0
appropriation
0 0 0
appropriation
Final equity dividend appropriation 0 0 0
Total final dividend appropriation 0 0 0
Total dividend appropriation 0 0 0
Equity dividend tax appropriation 0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
equity
Other changes in equity, others 47.94 -49.97 47.94
20
Total other changes in equity 47.94 -49.97 47.94

Total increase (decrease) in equity 47.94 -49.97 47.94
Other equity at end of period 96.83 48.89 46.86 96.83

Equity instrument
through other
Components of equity [Axis]
comprehensive
income [Member]
31/03/2019
Equity [Abstract]
Other equity at end of period 48.89
21
[320000] Cash flow statement, indirect

01/04/2020 01/04/2019
to to 31/03/2019
31/03/2021 31/03/2020
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 tax 7,155.2 9,212.95
Adjustments for reconcile profit (loss) [Abstract]
Adjustments for finance costs 84.5 134.25
Adjustments for decrease (increase) in inventories -2,679.19 -1.49
Adjustments for decrease (increase) in trade receivables, current -3,033.84 -107.78
Adjustments for decrease (increase) in other current assets 228.34 -327.58
Adjustments for other financial assets, current -2.73 4.07
Adjustments for increase (decrease) in trade payables, current 3,186.96 648.18
Adjustments for increase (decrease) in other current liabilities -10.8 33.02
Adjustments for depreciation and amortisation expense 960.88 945.72
Adjustments for provisions, current 5.23 2.12
Adjustments for other financial liabilities, current 261.21 208.87
Adjustments for unrealised foreign exchange losses gains -53.82 63.78
Adjustments for dividend income -0.01 0.29
Other adjustments to reconcile profit (loss) 2.51 27.15
Other adjustments for non-cash items -72.95 -171.47
Total adjustments for reconcile profit (loss) -1,123.69 1,458.55
Net cash flows from (used in) operations 6,031.51 10,671.5
Interest received -499.71 -910.73
Income taxes paid (refund) 1,749.96 2,937.53
Net cash flows from (used in) operating activities 3,781.84 6,823.24
Cash flows from used in investing activities [Abstract]
Proceeds from sales of property, plant and equipment 86 46.65
Purchase of property, plant and equipment 1,230.25 1,513.64
Proceeds from sales of investment property 559.67 0
Dividends received 0.01 0.29
Interest received 398.93 709.87
Other inflows (outflows) of cash 3,276.28 1,912.05
Net cash flows from (used in) investing activities 3,090.64 1,155.22
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings 853.13 -961.44
Repayments of borrowings 0 117.81
Dividends paid 36.72 53.71
Interest paid 65.33 111.87
Other inflows (outflows) of cash -7,932.68 -9,530.44
Net cash flows from (used in) financing activities -7,181.6 -10,775.27
Net increase (decrease) in cash and cash equivalents before effect of
-309.12 -2,796.81
exchange rate changes
Effect of exchange rate changes on cash and cash equivalents [Abstract]
Effect of exchange rate changes on cash and cash equivalents -0.97 -11.16
Net increase (decrease) in cash and cash equivalents -310.09 -2,807.97
Cash and cash equivalents cash flow statement at end of period 1,118.12 1,428.21 4,236.18
[610100] Notes - List of accounting policies

01/04/2020
to
31/03/2021
Disclosure of significant accounting policies [TextBlock] [See below]
22
Disclosure of significant accounting policies [Text Block]
1. General Information
Industrial Solvents and Chemicals Private Limited (“the Company”) is a private limited company domiciled and incorporated
in India (CIN: U24110MH1959PTC011440) having its registered office in Mumbai. The Company is engaged in the business
of manufacturing of Organic, Inorganic and Special Chemicals.
The consolidated financial statements relate to the Parent Company and its Subsidiary. The Parent Company and its
subsidiary constitute the Group.
These consolidated financial statements for the year ended March 31, 2021 were approved for the issue by the Board of
Directors vide their resolution dated November 22, 2021.
2. Significant Accounting Policies
Ø Statement of Compliance:
The consolidated financial statements are prepared in accordance with the Indian Accounting Standards ( Ind AS)
prescribed under Section 133 of the Companies Act, 2013 (the ‘Act’) read with Companies (Indian Accounting Standards)
Rules 2015, as amended from time to time and the other relevant provisions of the Act and Rules thereunder.
Ø Basis of Preparation:
The consolidated financial statements of the Group have been prepared in accordance with Indian Accounting Standards
(Ind AS) prescribed under section 133 of the Companies Act 2013 (“Act”) read with Companies (Indian Accounting
Standards) Rules 2015 as amended and the other relevant provisions of the Act and Rules thereunder to the extent notified
and applicable.
These consolidated financial statements have been prepared on a historical cost basis except for certain financial assets and
financial liabilities (including financial instruments) which have been measured at fair value at the end of each reporting
period as explained in the accounting policies stated below.
Ø Principles of Consolidation
The consolidated financial statements have been prepared in accordance with Ind AS 110 on “Consolidated Financial
Statements” on the following principles:
a) The financial statements of the Parent Company and its subsidiary are combined on a line-by-line basis by adding
together like items of assets, liabilities, income and expenses, after fully eliminating intra-group balances and intra-group
transactions resulting in unrealized profits or losses.
b) The excess of cost to the Parent Company of its investment in the subsidiary over Its share of Partners contributions
of the subsidiary, at the date on which the investments in the subsidiary are made, is recognized as ‘Goodwill’ being an asset
in the consolidated financial statements. Alternatively, where the share of equity in the subsidiary as on the date of
investment is in excess of cost of investment of the Parent Company, it is recognized as ‘Capital Reserve’ and shown under
the head ‘Other Equity’, in the consolidated financial statements.
c) The difference between the proceeds from disposal of investment in subsidiary and the carrying amount of its assets
less liabilities as on the date of disposal is recognized in the consolidated Statement of Profit and Loss being the profit or
loss on disposal of investment in subsidiary.
d) Profit & loss and each component of other comprehensive income (OCI) are attributed to the equity holders of the
Parent Company of the Group and to the non-controlling interests, even if this results in the non-controlling interests having a
deficit balance. Non-controlling interest in the net assets of the consolidated subsidiaries have been identified and presented
in the consolidated Balance Sheet separately from liabilities and the equity of the Parent Company.
e) The Consolidated Financial Statements are prepared by adopting uniform accounting policies for like transactions and
other events in similar circumstances and are presented, in the same manner as the Parent Company’s separate financial
statements.
f) The financial statements of the subsidiary LLP used in the consolidation are drawn up to the same reporting date as
that of the Company i.e. 31st March, 2021.
g) The consolidated Financial Statements present the consolidated accounts of Group with its subsidiary.
Name od Subsidiary Country of Incorporation Proportion of ownership interest Accounting Year ending on Audited By
23
ISC Chemspec LLP India 60.00% March 31, 2021 Other Auditor
Ø Non-Controlling Interest
Non-controlling interests in the net assets of consolidated subsidiary is identified and presented in the consolidated Balance
Sheet separately within equity. Non-controlling interests in the net assets of consolidated subsidiary consists of:
· The amount of equity attributable to non-controlling interests at the date on which investment in a subsidiary is
made;
· The non-controlling interests’ share of movements in equity since the date holding subsidiary relationship came into
existence.
The profit and other comprehensive income attributable to non-controlling interests of subsidiaries are shown separately in
the Consolidated Statement of Profit and Loss and Consolidated Statement of Changes in Equity.
Ø Functional and presentation currency and Rounding off of the amounts:
The functional and presentation currency of the group is Indian rupees. These consolidated financial statements are
presented in Indian rupees and all values are stated in lakhs of Rupees except otherwise indicated.
Ø Current versus non-current classification
The group has classified all its assets and liabilities under current and non-current as required by Ind AS 1- Presentation of
Financial Statements. The asset is treated as current when it is:
· Expected to be realized or intended to be sold or consumed in normal operating cycle;
· Held primarily for purpose of trading;
· Expected to be realized within twelve months after the reporting period; or
· Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months
after the reporting period.
All other assets are classified as non-current.
All liabilities are current when:
· It is expected to be settled in normal operating cycle;
· It is held primarily for the purpose of trading;
· It is due to be settled within twelve months after the reporting period; or
· There is no unconditional right to defer the settlement of liability for at least twelve months after the reporting period.
All other liabilities are classified as non-current.
The operating cycle is the time between the acquisition of assets for processing and their realization in cash and cash
equivalents. Deferred tax assets and liabilities are always classified as non-current assets and liabilities.
Ø Revenue recognition:
The Group derive revenue primarily from manufacturing of Organic, Inorganic and Specialty Chemicals.
The Group follows specific recognition criteria as described below before the revenue is recognized.
· Sale of goods
Revenue from contracts with customers is recognized when the entity satisfies a performance obligation by delivering a
promised goods or services to customer at an amount that reflects the consideration to which the group expects to be
entitled in exchange for those goods or services.
Revenue is measured at the fair value of the consideration received or receivable, taking into account contractually defined
terms of payment but excluding taxes or duties collected on behalf of the government and net of returns and allowances,
trade discounts and volume rebates.
· Revenue from contracts with customers:
24
Revenue from contract with customers is recognized when the control of the goods or services is transferred to the customer
at an amount that reflects the consideration to which the Subsidiary expects to be entitled in exchange for those goods or
services.
· Other Operating Revenue
Other Operating revenue comprises of following items:
Ø Export incentives
Ø Insurance Claim
Ø Sale of scrap
Export Incentives are recognized when right to receive credit as per prevalent scheme is established in respect of the
exports made and when there is no significant uncertainty regarding realization of such claim. In case of utilization for Import
purpose the same is recognized as raw material cost in the year of import.
Insurance claim is recognized when parent company’s right to receive claim payment has been established (provided that it
is probable that the economic benefit will flow to the company and the amount of income can be measured reliably).
Revenue from sale of scrap is recognized on delivery of scrap items.
· Other Income
Other income comprises of interest income, dividend from investment, lease rentals and other miscellaneous incomes.
Interest income from financial assets is recognized when it is probable that the economic benefit will flow to the group and
the amount of income can be measured reliably. Interest income is accrued on time basis by reference to the principal
outstanding and at the effective rate applicable, which is the rate exactly discounts estimated future cash receipts through
the expected life of the financial asset to that asset’s net carrying amount on initial recognition.
Dividend income from investment is recognized when the shareholder’s right to receive payment has been established
(provided that it is probable that the economic benefit will flow to the group and the amount of income can be measured
reliably).
Income from Lease rentals is recognized on accrual basis when it is probable that the economic benefit will flow to the
Parent Company and the amount of income can be measured reliably.
Ø Foreign currency transaction:
Transactions in foreign currency are recorded at the exchange rate prevailing on the date of the transaction. Foreign
currency denominated monetary assets and liabilities at the Consolidated Balance Sheet date are translated at the exchange
rate prevailing on the date of Consolidated Balance Sheet.
Exchange rate differences resulting from foreign currency transactions settled during the period including year-end
translation of assets and liabilities are recognized in the Consolidated Statement of Profit and Loss.
The Parent Company had applied paragraph 46A of AS 11 under previous GAAP. Ind AS 101 gives an option, which has
been exercised by the Parent Company, whereby a first time adopter can continue its previous GAAP policy for accounting
for exchange differences arising from translation of long-term foreign currency monetary items recognised in the previous
GAAP consolidated financial statements for the period ending immediately before the beginning of the first Ind AS financial
reporting period. Hence, foreign exchange gain/loss on long term foreign currency monetary items recognized upto March
31, 2017 has been deferred/capitalized. Such exchange differences arising on translation/settlement of long-term foreign
currency monetary items and pertaining to the acquisition of a depreciable asset are amortised over the remaining useful
lives of the assets.
From accounting periods commencing on or after April 01, 2017, exchange differences arising on translation/ settlement of
long-term foreign currency monetary items, acquired post April 01, 2017, pertaining to the acquisition of a depreciable asset
are charged to the consolidated statement of profit and loss.
Non-monetary assets, which are measured in terms of historical cost denominated in a foreign currency, are reported using
the exchange rate at the date of the initial transaction.
Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when
the fair value was measured. The gain or loss arising on translation of non-monetary items measured at fair value is treated
in line with the recognition of the gain or loss on the change in fair value of the item (i.e., translation differences on items
whose fair value gain or loss is recognized in OCI or Statement of Profit and Loss are also recognized in OCI or Statement of
Profit and Loss, respectively). Non-monetary items that are measured based on historical cost in a foreign currency are not
translated.
Ø Government Grants:
25
Monetary government grants are recognized where there is reasonable assurance that the grant will be received and all
attached conditions will be complied with.
Government grants are recognized in profit or loss on a systematic basis over the periods in which the Parent Company
recognizes as expenses the related costs for which the grants are intended to compensate. The grant related to an asset in
the form of EPCG License is recognized in the balance sheet as deferred income and is transferred to profit or loss on a
systematic basis over the periods of useful life of the asset attached to the License. Grant in the form of cash benefit is
recognized in the Balance Sheet as deferred income and it is transferred to profit or loss over the useful life of the concerned
asset.
Ø Employee benefits:
Short Term and Other Long Term Employee Benefits:
A liability is recognised for benefits accruing to employees in respect of short term employee benefits in the period the
related service is rendered at the undiscounted amount of the benefits expected to be paid in exchange for that service.
A liability is recognised for benefits accruing to employees in respect of other long term employee benefits are measured at
the present value of the estimated future cash outflows expected to be made by the Group in respect of services provided by
the employees up to the reporting date.
Long Term Employee Benefits:
Ø Defined Contribution Plan:
Payments to defined contributions retirement benefit plans are recognized as an expense when employees have rendered
the service entitling them to the contributions.
Ø Defined Benefit Plan:
For defined retirement benefit plans, the cost of providing benefits is determined using the Projected Unit Credit method, with
actuarial valuations being carried out at end of each annual reporting period. Re-measurements, comprising of actuarial
gains and losses, the effect of the changes to the asset ceiling (if applicable), and the return on plan assets (excluding
interest), is reflected immediately in the consolidated balance sheet with a charge or credit recognized in consolidated other
comprehensive income in the period in which they occur. Re-measurements recognized in consolidated Other
Comprehensive Income is reflected immediately in retained earnings and will not be reclassified to Consolidated Statement
of Profit and Loss in subsequent periods. Past service cost is recognized in consolidated profit or loss in the period of a plan
amendment. Net interest is calculated by applying the discount rate at the beginning of the period to the net defined benefit
liability or assets. Defined benefit costs are categorized as follows:
(i). Service Cost (including current service cost, past service cost, as well as gains or losses on
curtailments and settlements).
(ii). Net interest expense or income; and
(iii). Re-measurement
The Group presents the first two components defined benefit cost in Consolidated Statement of Profit and loss in the line
items “Employee Benefit Expenses”. Curtailment gain and losses are accounted for as past service cost.
The retirement benefit obligation recognized in the Consolidated Balance Sheet represents the actual deficit or surplus in the
Group defined benefit plan. Any surplus resulting from this calculation is limited to the present value of any economic
benefits available in the form of refunds from the plan or reduction in future contributions to the plan.
Ø Tax Expenses:
The tax expense for the period comprises current and deferred tax. Taxes are recognised in the consolidated statement of
profit and loss, except to the extent that it relates to the items recognised in the consolidated other comprehensive income or
in Equity. In which case, the tax is also recognised in the consolidated other comprehensive income or in Equity.
Current tax:
Current tax payable is calculated based on taxable profit for the year. Current tax is recognized based on the amount
expected to be paid to or recovered from the tax authorities based on applicable tax laws that have been enacted or
substantively enacted by the consolidated balance sheet date. Management periodically evaluates positions taken in the tax
return with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions
where appropriate.
Deferred tax:
Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the
consolidated financial statements and the corresponding tax bases used in the computation of taxable profit.
26
Deferred tax liabilities are generally recognized for all taxable temporary timing difference. Deferred tax assets are
recognized for deductible temporary differences to the extent that they are probable that taxable profit will be available
against which the deductible temporary difference can be utilized.
The carrying amount of deferred tax assets is reviewed at each reporting date and adjusted to the extent that it is no longer
probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is
realized or liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted on the
reporting date.
Current and deferred tax for the year are recognized in consolidated profit or loss, except when they relate to items that are
recognized in consolidated other comprehensive income or directly in equity, in which case, the current and deferred tax are
also recognized in consolidated other comprehensive income or directly in equity respectively.
Ø Property, Plant and Equipment and Depreciation
Freehold Land is stated at historical cost.
Leasehold Land is stated at historical cost.
The Group has elected to continue with the carrying value of Property, Plant and Equipment (‘PPE’) recognised as of
transition date measured as per the Previous GAAP and use that carrying value as its deemed cost of the PPE.
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses except
freehold land which is not depreciated.
Cost includes purchase price (after deducting trade discount / rebate), import duties, non-refundable duties and taxes, cost of
replacing the component parts, borrowing costs (as per Sl. no. 2.11 below) and other directly attributable cost to bringing the
asset to the location and condition necessary for it to be capable of operating in the manner intended by management, and
the initial estimates of the cost of dismantling/removing the item and restoring the site on which it is located.
Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when
it is probable that future economic benefits associated with the item will flow to the entity and the cost can be measured
reliably. When significant parts of plant and equipment are required to be replaced at intervals, the group depreciates them
separately based on their specific useful lives. All other repairs and maintenance costs are recognized as expense in the
consolidated statement of profit and loss account as and when incurred.
Expenses incurred relating to project, net of income earned during the project development stage prior to its intended use,
are considered as pre - operative expenses and disclosed under Capital Work- in- Progress.
Cost of the assets less its residual value is depreciated over its useful life. Depreciation is calculated on a straight-line basis
over the useful life of the assets as prescribed in Schedule II to the Companies Act, 2013.
The management believes that the estimated useful lives are realistic and reflects fair approximation of the period over which
the assets are likely to be used. At each financial year end, management reviews the residual values, useful lives and
method of depreciation of property, plant and equipment and values of the same are adjusted prospectively where needed.
Ø Intangible assets:
Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible
assets are carried at cost less any accumulated amortization and accumulated impairment losses. Internally generated
intangibles are not capitalized and the related expenditure is reflected in the Consolidated Statement of Profit and Loss in the
period in which the expenditure is incurred.
reliably.
Intangible assets are amortized on a straight-line basis over a period of economic useful life.
Ø Borrowing Cost:
Borrowing costs consist of interest and other costs incurred in connection with the borrowing of funds. Borrowing costs also
include exchange differences to the extent regarded as an adjustment to the borrowing costs.
Borrowing costs that are attributable to the acquisition or construction of qualifying assets (i.e. an asset that necessarily
takes a substantial period of time to get ready for its intended use) are capitalized as a part of the cost of such assets. All
other borrowing costs are charged to the Consolidated Statement of Profit and Loss.
Ø Impairment of Assets:
The Group assesses at each reporting date as to whether there is any indication that any property, plant and equipment and
intangible assets or group of assets, called cash generating units (CGU) may be impaired. If any such indication exists, the
27
recoverable amount of an asset or CGU is estimated to determine the extent of impairment, if any. When it is not possible to
estimate the recoverable amount of an individual asset, the Group estimates the recoverable amount of the CGU to which
the asset belongs.
An impairment loss is recognized in the Consolidated Statement of Profit and Loss to the extent, asset’s carrying amount
exceeds its recoverable amount. The recoverable amount is higher of an asset’s fair value less cost of disposal and value in
use. Value in use is based on the estimated future cash flows, discounted to their present value using pre-tax discount rate
that reflects current market assessments of the time value of money and risk specific to the assets.
The impairment loss recognized in prior accounting period is reversed if there has been a change in the estimate of
recoverable amount.
Ø Inventories:
Inventories are valued as under:
a) Raw materials, components and stores and spares are valued at lower of Cost and net realizable value. The Cost is
determined on First in First Out basis (FIFO). The Cost of stores and spares is determined on average cost basis.
b) Finished goods and work in progress are valued at lower of cost on FIFO basis or net realizable value. Cost includes
direct materials, and a proportion of manufacturing overheads based on normal operating capacity.
c) Goods and materials in transit include materials, duties and taxes (other than those subsequently recoverable from
tax authorities), labour cost and other related overheads incurred in bringing the inventories to their present location and
condition.
Net realizable value is estimated selling price in the ordinary course of business less estimated costs of completion and
selling expenses. The comparison of cost and net realizable value is made on an item by item basis.
Ø Provisions, Contingent Liabilities and Contingent Assets:
Provisions are recognized when the company has present obligation (legal or constructive) as a result of past event and it is
probable that outflow of resources embodying economic benefits will be required to settle the obligation and a reliable
estimate can be made of the amount of the obligation. The expense related to a provision is presented in the consolidated
statement of profit and loss net of any reimbursement/contribution towards provision made.
If the effect of the time value of money is material, estimate for the provisions are discounted using a current pre-tax rate that
reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the
passage of time is recognized as a finance cost.
Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimates.
Contingent liability:
Contingent liability is disclosed in the case;
· When there is a possible obligation which could arise from past event and whose existence will be confirmed only by
the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or;
· A present obligation that arises from past events but is not recognized as expense because it is not probable that an
outflow of resources embodying economic benefits will be required to settle the obligation or;
· The amount of the obligation cannot be measured with sufficient reliability.
Commitments:
· Commitments include the value of the contracts for the acquisition of the assets net of advances.
Contingent asset:
· Contingent asset is disclosed in case a possible asset arises from past events and whose existence will be
confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of
the Group.
Provisions, contingent liabilities, contingent assets and commitments are reviewed at each balance sheet date.
Ø Leases:
Group as a lessee
28
At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is or contains, a lease if
the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To
assess whether a contract conveys the right to control the use of an identified asset, the company assesses whether: (i) the
contract involves the use of an identified asset (ii) the Group has the right to obtain substantially all of the economic benefits
from use of the asset throughout the period of use; and (iii) the Group has the right to direct the use of the asset.
The Group recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is
initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or
before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the
underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.
The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier
of the end of the useful life of the right-of use asset or the end of the lease term. The estimated useful lives of right-of-use
assets are determined on the same basis as those of Property, Plant and Equipment. In addition, the right-of-use asset is
periodically reduced by impairment losses, if any, and adjusted for certain re-measurements of the lease liability.
The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement
date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the group’s
incremental borrowing rate. Generally, the Company uses its incremental borrowing rate as the discount rate.
The lease liability is subsequently measured at amortised cost using the effective interest method. It is re-measured when
there is a change in future lease payments arising from a change in an index or rate, if there is a change in the group’s
estimate of the amount expected to be payable under a residual value guarantee, or if the Company changes its assessment
of whether it will exercise a purchase, extension or termination option.
When the lease liability is re-measured in this way, a corresponding adjustment is made to the carrying amount of the
right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.
Short-term leases and leases of low-value assets:
The Group has elected not to recognise right-to-use assets and lease liabilities for short-term lease that have a lease term of
12 months or less and leases of low-value assets. The Company recognises the lease payments associated with these
leases as an operating expense as per the terms of the lease.
Group as a lessor
Assets leased out under operating leases are continued to be shown under the respective class of assets. Rental income is
recognized on a straight line basis over the term of the relevant lease. Where the rentals are structured solely to increase in
line with expected general inflation to compensate for the lessor’s expected inflationary cost increases, such increases are
recognized in the year in which such benefits accrue. Contingent rents are recognized as revenue in the period in which they
are earned.
Ø Financial instruments:
The Group recognizes financial assets and financial liabilities when it becomes party to the contractual provision of the
instrument.
I. Financial Assets:
Initial recognition and measurement:
Financial assets are initially measured at its fair value. Transaction costs that are directly attributable to the acquisition or
issue of financial assets (other than financial assets at fair value through profit or loss) are added to or deducted from the fair
value of the concerned financial assets, as appropriate, on initial recognition. Transaction costs directly attributable to
acquisition of financial assets at fair through profit or loss are recognized immediately in profit or loss. However, trade
receivable that do not contain a significant financing component are measured at transaction price.
Subsequent measurement:
For subsequent measurement, the Group classifies financial asset in following broad categories:
· Financial asset carried at amortized cost.
· Financial asset carried at fair value through other comprehensive income (FVTOCI)
· Financial asset carried at fair value through profit or loss (FVTPL)
Financial asset carried at amortized cost (net of any write down for impairment, if any):
Financial assets are measured at amortized cost when asset is held within a business model, whose objective is to hold
assets for collecting contractual cash flows and contractual terms of the asset give rise on specified dates to cash flows that
are solely payments of principal and interest. Such financial assets are subsequently measured at amortized costs using
29
Effective Interest Rate (EIR) method less impairment, if any. The losses arising from impairment are recognized in the
Consolidated Statement of Profit and Loss. Cash and bank balances, trade receivables, loans and other financial asset of
the Group are covered under this category.
Under the EIR method, the future cash receipts are exactly discounted to the initial recognition value using EIR. The
cumulative amortization using the EIR method of the difference between the initial recognition amount and maturity amount
is added to the initial recognition value (net of principal repayments, if any) of the financial asset over the relevant period of
the financial asset to arrive at amortized cost at each reporting date. The corresponding effect of the amortization under EIR
method is recognized as interest income over the relevant period of the financial asset. The same is included under “other
income” in the Consolidated Statement of Profit and Loss. The amortized cost of the financial asset is also adjusted for loss
allowance, if any.
Financial asset carried at FVTOCI:
Financial asset under this category are measured initially as well as at each reporting date at fair value, when asset is held
with a business model whose objective is to hold asset for both collecting contractual cash flows and selling financial assets.
Fair value movements are recognized in the consolidated other comprehensive income.
Financial asset carried at FVTPL:
Financial asset under this category are measured initially as well as at each reporting date at fair value. Changes in fair value
are recognized in the Consolidated Statement of Profit and Loss.
Investment in subsidiaries:
Investment is Subsidiary is measured at Fair Value through Profit and Loss.
Other Equity Investments:
All other equity investments are measured at fair value, with value changes recognised in the Consolidated Statement of
Profit and Loss.
Bonds and debt securities
All other investments in bonds and debt securities are measured at fair value, with value changes recognised in Other
Comprehensive income.
Derecognition:
A financial asset is primarily derecognized when rights to receive cash flows from the asset have expired or the Group has
transferred its contractual rights to receive cash flows of the financial asset and has substantially transferred all the risk and
reward of the ownership of the financial asset.
Impairment of financial asset:
In accordance with Ind AS 109, the Group uses ‘Expected Credit Loss’ (ECL) model, for evaluating impairment of financial
assets other than those measured at fair value through profit and loss (FVTPL).
ECL is the difference between all contractual cash flows that are due to the Group in accordance with the contract and all the
cash flows that the entity expects to receive (i.e., all cash shortfalls), discounted at the original effective interest rate.
Lifetime ECL are the expected credit losses resulting from all possible default events over the expected life of a financial
asset. 12-month ECL are a portion of the lifetime ECL which result from default events that are possible within 12 months
from the reporting date.
For trade receivables Group applies ‘simplified approach’ which requires expected lifetime losses to be recognised from
initial recognition of the receivables. The Group uses historical default rates to determine impairment loss on the portfolio of
trade receivables. At every reporting date these historical default rates are reviewed and changes in the forward looking
estimates are analysed.
For other assets, the Group uses 12 month ECL to provide for impairment loss where there is no significant increase in credit
risk. If there is significant increase in credit risk full lifetime ECL is used.
ECL impairment loss allowance (or reversal) recognized during the period is recognized as income/ expense in the
Consolidated Statement of Profit and Loss under the head ‘Other expenses’.
II. Financial Liabilities:
The Group recognizes a financial liability in its Consolidated Balance Sheet when it becomes party to the contractual
provisions of the instrument. The Group classifies all financial liabilities as subsequently measured at amortised cost or
FVTPL.
30
All financial liabilities are recognized initially at fair value and in the case of loans, borrowings and payables, net of directly
attributable transaction costs. Financial liabilities include trade and other payables, loans and borrowings including bank
overdrafts and derivative financial instruments.
Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities
designated upon initial recognition as at fair value through profit or loss. Interest-bearing loans and borrowings are
subsequently measured at amortized cost using the Effective Interest Rate (EIR) method. Gains and losses are recognized
in profit or loss when the liabilities are derecognized as well as through EIR amortization process. Amortized cost is
calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the
EIR.
The EIR amortization is included as finance costs in the consolidated statement of profit and loss.
Derecognition of financial liabilities:
A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an
existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an
existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original
liability and the recognition of a new liability. The difference in the respective carrying amounts is recognized in the
Consolidated Statement of Profit and Loss.
III. Derivative Financial Instrument:
Group uses derivative financial instruments, such as forward currency contracts to mitigate its foreign currency fluctuation
risks. Such derivative financial instruments are initially recognized at fair value on the date on which a derivative contract is
entered into and are subsequently re-measured at fair value at each reporting date. Gain or loss arising from changes in the
fair value of heading instrument is recognized in the Consolidated Statement of Profit and Loss.
Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is
negative.
Derecognition:
On derecognition of hedged item, the unamortized fair value, of the hedging instrument adjusted to the hedged items is
recognized in the Consolidated Statement of Profit and Loss.
Ø Fair Value:
The Group measures financial instruments at fair value in accordance with the accounting policies mentioned above. Fair
value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date. The fair value measurement is based on the presumption that the transaction
to sell the asset or transfer the liability takes place either:
· In the principal market for the asset or liability or;
· In the absence of a principal market, in the most advantageous market for the asset or liability.
All assets and liabilities for which fair value is measured or disclosed in the consolidated financial statements are categorized
within the fair value hierarchy that categorizes into three levels, described as follows, the inputs to valuation techniques used
to measure value. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or
liabilities (Level 1 inputs) and the lowest priority to unobservable inputs (Level 3 inputs).
Level 1 — quoted (unadjusted) market prices in active markets for identical assets or liabilities
Level 2 — inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly
or indirectly
Level 3 — inputs that are unobservable for the asset or liability
For the purpose of fair value disclosures, the group has determined classes of assets and liabilities on the basis of the
nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.
2.18. Operating Segment:
Operating segments are defined as components of an enterprise for which discrete financial information is available that is
evaluated regularly by the decision maker, in assessing the performance and deciding on allocation of resources. The
Group’s decision makers are its directors and the Group has only one reportable business segment i.e. ‘Chemicals’.
2.19. Cash and Cash Equivalent:
Cash and Cash Equivalents comprise of cash on hand and cash at bank including fixed deposit/highly liquid investments with
original maturity period of three months or less that are readily convertible to known amounts of cash and which are subject
31
to an insignificant risk of changes in value.
2.20. Cash Flow Statements:
Cash flows are reported using the indirect method, whereby net profit before tax is adjusted for the effects of transactions of
a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or
expenses associated with investing or financing cash flows. The cash flow from operating, investing and financing activities
of Company is segregated.
2.21. Earnings per share:
The Group presents basic and diluted earnings per share (“EPS”) data for its equity shares. Basic EPS is calculated by
dividing the profit or loss attributable to equity shareholders of the Parent Company by the weighted average number of
equity shares outstanding during the year. Diluted EPS is determined by adjusting the profit or loss attributable to equity
shareholders and the weighted average number of equity shares outstanding for the effects of all dilutive potential equity
shares.
3. Standards issued but not yet effective:
Ministry of Corporate Affairs (“MCA”) notifies new standard or amendments to the existing standards. There is no such
notification which would have been applicable to the Group from April 1, 2021.
4. Key Accounting Judgments, Estimates and Assumptions:
The preparation of the Group’s consolidated financial statements requires the management to make judgments, estimates
and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying
disclosures and the disclosure of contingent liabilities. Uncertainty about these assumptions and estimates could result in
outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods. The
group evaluates these estimates and assumption based on the most recently available information.
The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a
significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year,
are described below:
a) Income taxes and Deferred tax assets:
The Group’s tax jurisdiction is India. Significant judgments are involved in estimating budgeted profits for the purpose of
paying advance tax, determining the provision for income taxes, including amount expected to be paid/recovered for
uncertain tax positions. Deferred tax asset is recognised for all the deductible temporary differences to the extent that it is
probable that taxable profit will be available against which the deductible temporary difference can be utilized. The
management assumes that taxable profit will be available while recognizing the deferred tax assets.
b) Property, Plant and Equipment:
Property, Plant and Equipment represent a significant proportion of the asset base of the Group. The charge in respect of
periodic depreciation is derived after determining an estimate of an asset’s expected useful life as prescribed in the Schedule
II of the Companies Act, 2013 and the expected residual value at the end of its life. The useful lives and residual values of
Group’s assets are determined by the management at the time the asset is acquired and reviewed periodically, including at
each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future
events, which may impact their life, such as changes in technical or commercial obsolescence arising from changes or
improvements in production or from a change in market demand of the product or service output of the asset.
c) Intangible assets:
Internal technical or user team assesses the remaining useful lives of Intangible assets. Management believes that assigned
useful lives are reasonable.
d) Impairment of non-financial assets:
The Group assesses at each reporting date whether there is an indication that an asset may be impaired. If any indication
exists, the Group estimates the asset’s recoverable amount. An asset’s recoverable amount is the higher of an asset’s or
Cash Generating Units (CGU’s) fair value less costs of disposal and its value in use. It is determined for an individual asset,
unless the asset does not generate cash inflows that are largely independent of those from other assets or a group of assets.
Where the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is
written down to its recoverable amount.
In assessing value in use, the estimated future cash flows are discounted to their present value using pre-tax discount rate
that reflects current market assessments of the time value of money and the risks specific to the asset. In determining fair
value less costs of disposal, recent market transactions are taken into account, if no such transactions can be identified, an
appropriate valuation model is used.
e) Impairment of financial assets:
The impairment provisions for financial assets are based on assumptions about risk of default and expected cash loss rates.
32
The Group uses judgement in making these assumptions and selecting the inputs to the impairment calculation, based on
Group’s past history, existing market conditions as well as forward looking estimates at the end of each reporting period.
f) Recognition and measurement of defined benefit obligation:
The obligation arising from the defined benefit plan is determined on the basis of actuarial assumptions. Key actuarial
assumptions include discount rate, trends in salary escalation and vested future benefits and life expectancy. The discount
rate is determined with reference to market yields at the end of the reporting period on the government bonds. The period to
maturity of the underlying bonds correspond to the probable maturity of the post-employment benefit obligations.
g) Recognition and measurement of other provisions:
The recognition and measurement of other provisions are based on the assessment of the probability of an outflow of
resources, and on past experience and circumstances known at the balance sheet date. The actual outflow of resources at a
future date may, therefore, vary from the figure included in other provisions.
h) Contingencies:
Management’s judgment is required for estimating the possible outflow of resources, if any, in respect of
contingencies/claim/litigations against Group as it is not possible to predict the outcome of pending matters with accuracy.
i) Allowances for uncollected trade receivable and advances:
Trade receivables do not carry any interest and are stated at their normal value as reduced by appropriate allowances for
estimated amounts which are irrecoverable. Individual trade receivables are written off when management deems them not
collectible. Impairment is made on the expected credit losses, which are the present value of the cash shortfall over the
expected life of the financial assets. The impairment provisions for financial assets are based on assumption about risk of
default and expected loss rates. Judgment in making these assumptions and selecting the inputs to the impairment
calculation are based on past history, existing market condition as well as forward looking estimates at the end of each
reporting period.
j) Allowances for inventories:
Management reviews the inventory age listing on a periodic basis. The purpose is to compare the carrying value of the aged
inventory items with the respective net realizable value and also to identify obsolete and slow-moving items, so as to make
adequate allowances for the same. Management is satisfied that adequate allowance for obsolete and slow-moving
inventories has been made in the standalone financial statements.
k) Estimation / uncertainties relating to global held pandemic on COVID-19
Revisions to accounting estimates are recognized prospectively in the Statement of Profit and Loss in the period in which the
estimates are revised and in any future periods affected.
[610200] Notes - Corporate information and statement of IndAs compliance

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of corporate information notes and other explanatory information
[TextBlock]
Textual information (3) Textual information (4)
Statement of Ind AS compliance [TextBlock] [See below] [See below]
Whether there is any departure from Ind AS No No
Whether there are reclassifications to comparative amounts No No
Disclosure of significant accounting policies [TextBlock] [See below]
33
Statement of Ind AS compliance [Text Block]
and applicable.
Statement of Ind AS compliance [Text Block]
and applicable.
34
Disclosure of significant accounting policies [Text Block]
1. General Information
Industrial Solvents and Chemicals Private Limited (“the Company”) is a private limited company domiciled and incorporated
in India (CIN: U24110MH1959PTC011440) having its registered office in Mumbai. The Company is engaged in the business
of manufacturing of Organic, Inorganic and Special Chemicals.
The consolidated financial statements relate to the Parent Company and its Subsidiary. The Parent Company and its
subsidiary constitute the Group.
These consolidated financial statements for the year ended March 31, 2021 were approved for the issue by the Board of
Directors vide their resolution dated November 22, 2021.
2. Significant Accounting Policies
Ø Statement of Compliance:
and applicable.
Ø Principles of Consolidation
The consolidated financial statements have been prepared in accordance with Ind AS 110 on “Consolidated Financial
Statements” on the following principles:
a) The financial statements of the Parent Company and its subsidiary are combined on a line-by-line basis by adding
together like items of assets, liabilities, income and expenses, after fully eliminating intra-group balances and intra-group
transactions resulting in unrealized profits or losses.
b) The excess of cost to the Parent Company of its investment in the subsidiary over Its share of Partners contributions
of the subsidiary, at the date on which the investments in the subsidiary are made, is recognized as ‘Goodwill’ being an asset
in the consolidated financial statements. Alternatively, where the share of equity in the subsidiary as on the date of
investment is in excess of cost of investment of the Parent Company, it is recognized as ‘Capital Reserve’ and shown under
the head ‘Other Equity’, in the consolidated financial statements.
c) The difference between the proceeds from disposal of investment in subsidiary and the carrying amount of its assets
less liabilities as on the date of disposal is recognized in the consolidated Statement of Profit and Loss being the profit or
loss on disposal of investment in subsidiary.
d) Profit & loss and each component of other comprehensive income (OCI) are attributed to the equity holders of the
Parent Company of the Group and to the non-controlling interests, even if this results in the non-controlling interests having a
deficit balance. Non-controlling interest in the net assets of the consolidated subsidiaries have been identified and presented
in the consolidated Balance Sheet separately from liabilities and the equity of the Parent Company.
e) The Consolidated Financial Statements are prepared by adopting uniform accounting policies for like transactions and
other events in similar circumstances and are presented, in the same manner as the Parent Company’s separate financial
statements.
f) The financial statements of the subsidiary LLP used in the consolidation are drawn up to the same reporting date as
that of the Company i.e. 31st March, 2021.
g) The consolidated Financial Statements present the consolidated accounts of Group with its subsidiary.
Name od Subsidiary Country of Incorporation Proportion of ownership interest Accounting Year ending on Audited By
35
ISC Chemspec LLP India 60.00% March 31, 2021 Other Auditor
Ø Non-Controlling Interest
Non-controlling interests in the net assets of consolidated subsidiary is identified and presented in the consolidated Balance
Sheet separately within equity. Non-controlling interests in the net assets of consolidated subsidiary consists of:
· The amount of equity attributable to non-controlling interests at the date on which investment in a subsidiary is
made;
· The non-controlling interests’ share of movements in equity since the date holding subsidiary relationship came into
existence.
The profit and other comprehensive income attributable to non-controlling interests of subsidiaries are shown separately in
the Consolidated Statement of Profit and Loss and Consolidated Statement of Changes in Equity.
Ø Functional and presentation currency and Rounding off of the amounts:
The functional and presentation currency of the group is Indian rupees. These consolidated financial statements are
presented in Indian rupees and all values are stated in lakhs of Rupees except otherwise indicated.
Ø Current versus non-current classification
The group has classified all its assets and liabilities under current and non-current as required by Ind AS 1- Presentation of
Financial Statements. The asset is treated as current when it is:
· Expected to be realized or intended to be sold or consumed in normal operating cycle;
· Held primarily for purpose of trading;
· Expected to be realized within twelve months after the reporting period; or
· Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months
after the reporting period.
All other assets are classified as non-current.
All liabilities are current when:
· It is expected to be settled in normal operating cycle;
· It is held primarily for the purpose of trading;
· It is due to be settled within twelve months after the reporting period; or
· There is no unconditional right to defer the settlement of liability for at least twelve months after the reporting period.
All other liabilities are classified as non-current.
The operating cycle is the time between the acquisition of assets for processing and their realization in cash and cash
equivalents. Deferred tax assets and liabilities are always classified as non-current assets and liabilities.
· Sale of goods
36
services.
Ø Insurance Claim
Ø Sale of scrap
· Other Income
reliably).
Ø Foreign currency transaction:
Transactions in foreign currency are recorded at the exchange rate prevailing on the date of the transaction. Foreign
currency denominated monetary assets and liabilities at the Consolidated Balance Sheet date are translated at the exchange
rate prevailing on the date of Consolidated Balance Sheet.
Exchange rate differences resulting from foreign currency transactions settled during the period including year-end
translation of assets and liabilities are recognized in the Consolidated Statement of Profit and Loss.
The Parent Company had applied paragraph 46A of AS 11 under previous GAAP. Ind AS 101 gives an option, which has
been exercised by the Parent Company, whereby a first time adopter can continue its previous GAAP policy for accounting
for exchange differences arising from translation of long-term foreign currency monetary items recognised in the previous
GAAP consolidated financial statements for the period ending immediately before the beginning of the first Ind AS financial
reporting period. Hence, foreign exchange gain/loss on long term foreign currency monetary items recognized upto March
31, 2017 has been deferred/capitalized. Such exchange differences arising on translation/settlement of long-term foreign
currency monetary items and pertaining to the acquisition of a depreciable asset are amortised over the remaining useful
lives of the assets.
From accounting periods commencing on or after April 01, 2017, exchange differences arising on translation/ settlement of
long-term foreign currency monetary items, acquired post April 01, 2017, pertaining to the acquisition of a depreciable asset
are charged to the consolidated statement of profit and loss.
Non-monetary assets, which are measured in terms of historical cost denominated in a foreign currency, are reported using
the exchange rate at the date of the initial transaction.
Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when
the fair value was measured. The gain or loss arising on translation of non-monetary items measured at fair value is treated
in line with the recognition of the gain or loss on the change in fair value of the item (i.e., translation differences on items
whose fair value gain or loss is recognized in OCI or Statement of Profit and Loss are also recognized in OCI or Statement of
Profit and Loss, respectively). Non-monetary items that are measured based on historical cost in a foreign currency are not
translated.
Ø Government Grants:
37
Monetary government grants are recognized where there is reasonable assurance that the grant will be received and all
attached conditions will be complied with.
Government grants are recognized in profit or loss on a systematic basis over the periods in which the Parent Company
recognizes as expenses the related costs for which the grants are intended to compensate. The grant related to an asset in
the form of EPCG License is recognized in the balance sheet as deferred income and is transferred to profit or loss on a
systematic basis over the periods of useful life of the asset attached to the License. Grant in the form of cash benefit is
recognized in the Balance Sheet as deferred income and it is transferred to profit or loss over the useful life of the concerned
asset.
Ø Employee benefits:
Short Term and Other Long Term Employee Benefits:
A liability is recognised for benefits accruing to employees in respect of short term employee benefits in the period the
related service is rendered at the undiscounted amount of the benefits expected to be paid in exchange for that service.
A liability is recognised for benefits accruing to employees in respect of other long term employee benefits are measured at
the present value of the estimated future cash outflows expected to be made by the Group in respect of services provided by
the employees up to the reporting date.
Long Term Employee Benefits:
Ø Defined Contribution Plan:
Payments to defined contributions retirement benefit plans are recognized as an expense when employees have rendered
the service entitling them to the contributions.
Ø Defined Benefit Plan:
For defined retirement benefit plans, the cost of providing benefits is determined using the Projected Unit Credit method, with
actuarial valuations being carried out at end of each annual reporting period. Re-measurements, comprising of actuarial
gains and losses, the effect of the changes to the asset ceiling (if applicable), and the return on plan assets (excluding
interest), is reflected immediately in the consolidated balance sheet with a charge or credit recognized in consolidated other
comprehensive income in the period in which they occur. Re-measurements recognized in consolidated Other
Comprehensive Income is reflected immediately in retained earnings and will not be reclassified to Consolidated Statement
of Profit and Loss in subsequent periods. Past service cost is recognized in consolidated profit or loss in the period of a plan
amendment. Net interest is calculated by applying the discount rate at the beginning of the period to the net defined benefit
liability or assets. Defined benefit costs are categorized as follows:
(i). Service Cost (including current service cost, past service cost, as well as gains or losses on
curtailments and settlements).
(ii). Net interest expense or income; and
(iii). Re-measurement
The Group presents the first two components defined benefit cost in Consolidated Statement of Profit and loss in the line
items “Employee Benefit Expenses”. Curtailment gain and losses are accounted for as past service cost.
The retirement benefit obligation recognized in the Consolidated Balance Sheet represents the actual deficit or surplus in the
Group defined benefit plan. Any surplus resulting from this calculation is limited to the present value of any economic
benefits available in the form of refunds from the plan or reduction in future contributions to the plan.
Ø Tax Expenses:
The tax expense for the period comprises current and deferred tax. Taxes are recognised in the consolidated statement of
profit and loss, except to the extent that it relates to the items recognised in the consolidated other comprehensive income or
in Equity. In which case, the tax is also recognised in the consolidated other comprehensive income or in Equity.
Current tax:
Current tax payable is calculated based on taxable profit for the year. Current tax is recognized based on the amount
expected to be paid to or recovered from the tax authorities based on applicable tax laws that have been enacted or
substantively enacted by the consolidated balance sheet date. Management periodically evaluates positions taken in the tax
return with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions
where appropriate.
Deferred tax:
Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the
consolidated financial statements and the corresponding tax bases used in the computation of taxable profit.
38
Deferred tax liabilities are generally recognized for all taxable temporary timing difference. Deferred tax assets are
recognized for deductible temporary differences to the extent that they are probable that taxable profit will be available
against which the deductible temporary difference can be utilized.
The carrying amount of deferred tax assets is reviewed at each reporting date and adjusted to the extent that it is no longer
probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is
realized or liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted on the
reporting date.
Current and deferred tax for the year are recognized in consolidated profit or loss, except when they relate to items that are
recognized in consolidated other comprehensive income or directly in equity, in which case, the current and deferred tax are
also recognized in consolidated other comprehensive income or directly in equity respectively.
Ø Property, Plant and Equipment and Depreciation
Freehold Land is stated at historical cost.
Leasehold Land is stated at historical cost.
The Group has elected to continue with the carrying value of Property, Plant and Equipment (‘PPE’) recognised as of
transition date measured as per the Previous GAAP and use that carrying value as its deemed cost of the PPE.
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses except
freehold land which is not depreciated.
Cost includes purchase price (after deducting trade discount / rebate), import duties, non-refundable duties and taxes, cost of
replacing the component parts, borrowing costs (as per Sl. no. 2.11 below) and other directly attributable cost to bringing the
asset to the location and condition necessary for it to be capable of operating in the manner intended by management, and
the initial estimates of the cost of dismantling/removing the item and restoring the site on which it is located.
reliably. When significant parts of plant and equipment are required to be replaced at intervals, the group depreciates them
separately based on their specific useful lives. All other repairs and maintenance costs are recognized as expense in the
consolidated statement of profit and loss account as and when incurred.
Expenses incurred relating to project, net of income earned during the project development stage prior to its intended use,
are considered as pre - operative expenses and disclosed under Capital Work- in- Progress.
Cost of the assets less its residual value is depreciated over its useful life. Depreciation is calculated on a straight-line basis
over the useful life of the assets as prescribed in Schedule II to the Companies Act, 2013.
The management believes that the estimated useful lives are realistic and reflects fair approximation of the period over which
the assets are likely to be used. At each financial year end, management reviews the residual values, useful lives and
method of depreciation of property, plant and equipment and values of the same are adjusted prospectively where needed.
Ø Intangible assets:
Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible
assets are carried at cost less any accumulated amortization and accumulated impairment losses. Internally generated
intangibles are not capitalized and the related expenditure is reflected in the Consolidated Statement of Profit and Loss in the
period in which the expenditure is incurred.
reliably.
Intangible assets are amortized on a straight-line basis over a period of economic useful life.
Ø Borrowing Cost:
Borrowing costs consist of interest and other costs incurred in connection with the borrowing of funds. Borrowing costs also
include exchange differences to the extent regarded as an adjustment to the borrowing costs.
Borrowing costs that are attributable to the acquisition or construction of qualifying assets (i.e. an asset that necessarily
takes a substantial period of time to get ready for its intended use) are capitalized as a part of the cost of such assets. All
other borrowing costs are charged to the Consolidated Statement of Profit and Loss.
Ø Impairment of Assets:
The Group assesses at each reporting date as to whether there is any indication that any property, plant and equipment and
intangible assets or group of assets, called cash generating units (CGU) may be impaired. If any such indication exists, the
39
recoverable amount of an asset or CGU is estimated to determine the extent of impairment, if any. When it is not possible to
estimate the recoverable amount of an individual asset, the Group estimates the recoverable amount of the CGU to which
the asset belongs.
An impairment loss is recognized in the Consolidated Statement of Profit and Loss to the extent, asset’s carrying amount
exceeds its recoverable amount. The recoverable amount is higher of an asset’s fair value less cost of disposal and value in
use. Value in use is based on the estimated future cash flows, discounted to their present value using pre-tax discount rate
that reflects current market assessments of the time value of money and risk specific to the assets.
The impairment loss recognized in prior accounting period is reversed if there has been a change in the estimate of
recoverable amount.
Ø Inventories:
Inventories are valued as under:
a) Raw materials, components and stores and spares are valued at lower of Cost and net realizable value. The Cost is
determined on First in First Out basis (FIFO). The Cost of stores and spares is determined on average cost basis.
b) Finished goods and work in progress are valued at lower of cost on FIFO basis or net realizable value. Cost includes
direct materials, and a proportion of manufacturing overheads based on normal operating capacity.
c) Goods and materials in transit include materials, duties and taxes (other than those subsequently recoverable from
tax authorities), labour cost and other related overheads incurred in bringing the inventories to their present location and
condition.
Net realizable value is estimated selling price in the ordinary course of business less estimated costs of completion and
selling expenses. The comparison of cost and net realizable value is made on an item by item basis.
Ø Provisions, Contingent Liabilities and Contingent Assets:
Provisions are recognized when the company has present obligation (legal or constructive) as a result of past event and it is
probable that outflow of resources embodying economic benefits will be required to settle the obligation and a reliable
estimate can be made of the amount of the obligation. The expense related to a provision is presented in the consolidated
statement of profit and loss net of any reimbursement/contribution towards provision made.
If the effect of the time value of money is material, estimate for the provisions are discounted using a current pre-tax rate that
reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the
passage of time is recognized as a finance cost.
Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimates.
Contingent liability:
Contingent liability is disclosed in the case;
· When there is a possible obligation which could arise from past event and whose existence will be confirmed only by
the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or;
· A present obligation that arises from past events but is not recognized as expense because it is not probable that an
outflow of resources embodying economic benefits will be required to settle the obligation or;
· The amount of the obligation cannot be measured with sufficient reliability.
Commitments:
· Commitments include the value of the contracts for the acquisition of the assets net of advances.
Contingent asset:
· Contingent asset is disclosed in case a possible asset arises from past events and whose existence will be
confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of
the Group.
Provisions, contingent liabilities, contingent assets and commitments are reviewed at each balance sheet date.
Ø Leases:
Group as a lessee
40
At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is or contains, a lease if
the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To
assess whether a contract conveys the right to control the use of an identified asset, the company assesses whether: (i) the
contract involves the use of an identified asset (ii) the Group has the right to obtain substantially all of the economic benefits
from use of the asset throughout the period of use; and (iii) the Group has the right to direct the use of the asset.
The Group recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is
initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or
before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the
underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.
The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier
of the end of the useful life of the right-of use asset or the end of the lease term. The estimated useful lives of right-of-use
assets are determined on the same basis as those of Property, Plant and Equipment. In addition, the right-of-use asset is
periodically reduced by impairment losses, if any, and adjusted for certain re-measurements of the lease liability.
The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement
date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the group’s
incremental borrowing rate. Generally, the Company uses its incremental borrowing rate as the discount rate.
The lease liability is subsequently measured at amortised cost using the effective interest method. It is re-measured when
there is a change in future lease payments arising from a change in an index or rate, if there is a change in the group’s
estimate of the amount expected to be payable under a residual value guarantee, or if the Company changes its assessment
of whether it will exercise a purchase, extension or termination option.
When the lease liability is re-measured in this way, a corresponding adjustment is made to the carrying amount of the
right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.
Short-term leases and leases of low-value assets:
The Group has elected not to recognise right-to-use assets and lease liabilities for short-term lease that have a lease term of
12 months or less and leases of low-value assets. The Company recognises the lease payments associated with these
leases as an operating expense as per the terms of the lease.
Group as a lessor
Assets leased out under operating leases are continued to be shown under the respective class of assets. Rental income is
recognized on a straight line basis over the term of the relevant lease. Where the rentals are structured solely to increase in
line with expected general inflation to compensate for the lessor’s expected inflationary cost increases, such increases are
recognized in the year in which such benefits accrue. Contingent rents are recognized as revenue in the period in which they
are earned.
Ø Financial instruments:
The Group recognizes financial assets and financial liabilities when it becomes party to the contractual provision of the
instrument.
I. Financial Assets:
Financial assets are initially measured at its fair value. Transaction costs that are directly attributable to the acquisition or
issue of financial assets (other than financial assets at fair value through profit or loss) are added to or deducted from the fair
value of the concerned financial assets, as appropriate, on initial recognition. Transaction costs directly attributable to
acquisition of financial assets at fair through profit or loss are recognized immediately in profit or loss. However, trade
receivable that do not contain a significant financing component are measured at transaction price.
For subsequent measurement, the Group classifies financial asset in following broad categories:
· Financial asset carried at amortized cost.
· Financial asset carried at fair value through other comprehensive income (FVTOCI)
· Financial asset carried at fair value through profit or loss (FVTPL)
Financial asset carried at amortized cost (net of any write down for impairment, if any):
Financial assets are measured at amortized cost when asset is held within a business model, whose objective is to hold
assets for collecting contractual cash flows and contractual terms of the asset give rise on specified dates to cash flows that
are solely payments of principal and interest. Such financial assets are subsequently measured at amortized costs using
41
Effective Interest Rate (EIR) method less impairment, if any. The losses arising from impairment are recognized in the
Consolidated Statement of Profit and Loss. Cash and bank balances, trade receivables, loans and other financial asset of
the Group are covered under this category.
Under the EIR method, the future cash receipts are exactly discounted to the initial recognition value using EIR. The
cumulative amortization using the EIR method of the difference between the initial recognition amount and maturity amount
is added to the initial recognition value (net of principal repayments, if any) of the financial asset over the relevant period of
the financial asset to arrive at amortized cost at each reporting date. The corresponding effect of the amortization under EIR
method is recognized as interest income over the relevant period of the financial asset. The same is included under “other
income” in the Consolidated Statement of Profit and Loss. The amortized cost of the financial asset is also adjusted for loss
allowance, if any.
Financial asset carried at FVTOCI:
Financial asset under this category are measured initially as well as at each reporting date at fair value, when asset is held
with a business model whose objective is to hold asset for both collecting contractual cash flows and selling financial assets.
Fair value movements are recognized in the consolidated other comprehensive income.
Financial asset carried at FVTPL:
Financial asset under this category are measured initially as well as at each reporting date at fair value. Changes in fair value
are recognized in the Consolidated Statement of Profit and Loss.
Investment in subsidiaries:
Investment is Subsidiary is measured at Fair Value through Profit and Loss.
Other Equity Investments:
All other equity investments are measured at fair value, with value changes recognised in the Consolidated Statement of
Profit and Loss.
Bonds and debt securities
All other investments in bonds and debt securities are measured at fair value, with value changes recognised in Other
Comprehensive income.
Derecognition:
A financial asset is primarily derecognized when rights to receive cash flows from the asset have expired or the Group has
transferred its contractual rights to receive cash flows of the financial asset and has substantially transferred all the risk and
reward of the ownership of the financial asset.
Impairment of financial asset:
In accordance with Ind AS 109, the Group uses ‘Expected Credit Loss’ (ECL) model, for evaluating impairment of financial
assets other than those measured at fair value through profit and loss (FVTPL).
ECL is the difference between all contractual cash flows that are due to the Group in accordance with the contract and all the
cash flows that the entity expects to receive (i.e., all cash shortfalls), discounted at the original effective interest rate.
Lifetime ECL are the expected credit losses resulting from all possible default events over the expected life of a financial
asset. 12-month ECL are a portion of the lifetime ECL which result from default events that are possible within 12 months
from the reporting date.
For trade receivables Group applies ‘simplified approach’ which requires expected lifetime losses to be recognised from
initial recognition of the receivables. The Group uses historical default rates to determine impairment loss on the portfolio of
trade receivables. At every reporting date these historical default rates are reviewed and changes in the forward looking
estimates are analysed.
For other assets, the Group uses 12 month ECL to provide for impairment loss where there is no significant increase in credit
risk. If there is significant increase in credit risk full lifetime ECL is used.
ECL impairment loss allowance (or reversal) recognized during the period is recognized as income/ expense in the
Consolidated Statement of Profit and Loss under the head ‘Other expenses’.
II. Financial Liabilities:
The Group recognizes a financial liability in its Consolidated Balance Sheet when it becomes party to the contractual
provisions of the instrument. The Group classifies all financial liabilities as subsequently measured at amortised cost or
FVTPL.
42
All financial liabilities are recognized initially at fair value and in the case of loans, borrowings and payables, net of directly
attributable transaction costs. Financial liabilities include trade and other payables, loans and borrowings including bank
overdrafts and derivative financial instruments.
Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities
designated upon initial recognition as at fair value through profit or loss. Interest-bearing loans and borrowings are
subsequently measured at amortized cost using the Effective Interest Rate (EIR) method. Gains and losses are recognized
in profit or loss when the liabilities are derecognized as well as through EIR amortization process. Amortized cost is
calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the
EIR.
The EIR amortization is included as finance costs in the consolidated statement of profit and loss.
Derecognition of financial liabilities:
A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an
existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an
existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original
liability and the recognition of a new liability. The difference in the respective carrying amounts is recognized in the
Consolidated Statement of Profit and Loss.
III. Derivative Financial Instrument:
Group uses derivative financial instruments, such as forward currency contracts to mitigate its foreign currency fluctuation
risks. Such derivative financial instruments are initially recognized at fair value on the date on which a derivative contract is
entered into and are subsequently re-measured at fair value at each reporting date. Gain or loss arising from changes in the
fair value of heading instrument is recognized in the Consolidated Statement of Profit and Loss.
Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is
negative.
Derecognition:
On derecognition of hedged item, the unamortized fair value, of the hedging instrument adjusted to the hedged items is
recognized in the Consolidated Statement of Profit and Loss.
Ø Fair Value:
The Group measures financial instruments at fair value in accordance with the accounting policies mentioned above. Fair
value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date. The fair value measurement is based on the presumption that the transaction
to sell the asset or transfer the liability takes place either:
· In the principal market for the asset or liability or;
· In the absence of a principal market, in the most advantageous market for the asset or liability.
All assets and liabilities for which fair value is measured or disclosed in the consolidated financial statements are categorized
within the fair value hierarchy that categorizes into three levels, described as follows, the inputs to valuation techniques used
to measure value. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or
liabilities (Level 1 inputs) and the lowest priority to unobservable inputs (Level 3 inputs).
Level 1 — quoted (unadjusted) market prices in active markets for identical assets or liabilities
Level 2 — inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly
or indirectly
Level 3 — inputs that are unobservable for the asset or liability
For the purpose of fair value disclosures, the group has determined classes of assets and liabilities on the basis of the
nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.
2.18. Operating Segment:
Operating segments are defined as components of an enterprise for which discrete financial information is available that is
evaluated regularly by the decision maker, in assessing the performance and deciding on allocation of resources. The
Group’s decision makers are its directors and the Group has only one reportable business segment i.e. ‘Chemicals’.
2.19. Cash and Cash Equivalent:
Cash and Cash Equivalents comprise of cash on hand and cash at bank including fixed deposit/highly liquid investments with
original maturity period of three months or less that are readily convertible to known amounts of cash and which are subject
43
to an insignificant risk of changes in value.
2.20. Cash Flow Statements:
Cash flows are reported using the indirect method, whereby net profit before tax is adjusted for the effects of transactions of
a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or
expenses associated with investing or financing cash flows. The cash flow from operating, investing and financing activities
of Company is segregated.
2.21. Earnings per share:
The Group presents basic and diluted earnings per share (“EPS”) data for its equity shares. Basic EPS is calculated by
dividing the profit or loss attributable to equity shareholders of the Parent Company by the weighted average number of
equity shares outstanding during the year. Diluted EPS is determined by adjusting the profit or loss attributable to equity
shareholders and the weighted average number of equity shares outstanding for the effects of all dilutive potential equity
shares.
3. Standards issued but not yet effective:
Ministry of Corporate Affairs (“MCA”) notifies new standard or amendments to the existing standards. There is no such
notification which would have been applicable to the Group from April 1, 2021.
4. Key Accounting Judgments, Estimates and Assumptions:
The preparation of the Group’s consolidated financial statements requires the management to make judgments, estimates
and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying
disclosures and the disclosure of contingent liabilities. Uncertainty about these assumptions and estimates could result in
outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods. The
group evaluates these estimates and assumption based on the most recently available information.
The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a
significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year,
are described below:
a) Income taxes and Deferred tax assets:
The Group’s tax jurisdiction is India. Significant judgments are involved in estimating budgeted profits for the purpose of
paying advance tax, determining the provision for income taxes, including amount expected to be paid/recovered for
uncertain tax positions. Deferred tax asset is recognised for all the deductible temporary differences to the extent that it is
probable that taxable profit will be available against which the deductible temporary difference can be utilized. The
management assumes that taxable profit will be available while recognizing the deferred tax assets.
b) Property, Plant and Equipment:
Property, Plant and Equipment represent a significant proportion of the asset base of the Group. The charge in respect of
periodic depreciation is derived after determining an estimate of an asset’s expected useful life as prescribed in the Schedule
II of the Companies Act, 2013 and the expected residual value at the end of its life. The useful lives and residual values of
Group’s assets are determined by the management at the time the asset is acquired and reviewed periodically, including at
each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future
events, which may impact their life, such as changes in technical or commercial obsolescence arising from changes or
improvements in production or from a change in market demand of the product or service output of the asset.
c) Intangible assets:
Internal technical or user team assesses the remaining useful lives of Intangible assets. Management believes that assigned
useful lives are reasonable.
d) Impairment of non-financial assets:
The Group assesses at each reporting date whether there is an indication that an asset may be impaired. If any indication
exists, the Group estimates the asset’s recoverable amount. An asset’s recoverable amount is the higher of an asset’s or
Cash Generating Units (CGU’s) fair value less costs of disposal and its value in use. It is determined for an individual asset,
unless the asset does not generate cash inflows that are largely independent of those from other assets or a group of assets.
Where the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is
written down to its recoverable amount.
In assessing value in use, the estimated future cash flows are discounted to their present value using pre-tax discount rate
that reflects current market assessments of the time value of money and the risks specific to the asset. In determining fair
value less costs of disposal, recent market transactions are taken into account, if no such transactions can be identified, an
appropriate valuation model is used.
e) Impairment of financial assets:
The impairment provisions for financial assets are based on assumptions about risk of default and expected cash loss rates.
44
The Group uses judgement in making these assumptions and selecting the inputs to the impairment calculation, based on
Group’s past history, existing market conditions as well as forward looking estimates at the end of each reporting period.
f) Recognition and measurement of defined benefit obligation:
The obligation arising from the defined benefit plan is determined on the basis of actuarial assumptions. Key actuarial
assumptions include discount rate, trends in salary escalation and vested future benefits and life expectancy. The discount
rate is determined with reference to market yields at the end of the reporting period on the government bonds. The period to
maturity of the underlying bonds correspond to the probable maturity of the post-employment benefit obligations.
g) Recognition and measurement of other provisions:
The recognition and measurement of other provisions are based on the assessment of the probability of an outflow of
resources, and on past experience and circumstances known at the balance sheet date. The actual outflow of resources at a
future date may, therefore, vary from the figure included in other provisions.
h) Contingencies:
Management’s judgment is required for estimating the possible outflow of resources, if any, in respect of
contingencies/claim/litigations against Group as it is not possible to predict the outcome of pending matters with accuracy.
i) Allowances for uncollected trade receivable and advances:
Trade receivables do not carry any interest and are stated at their normal value as reduced by appropriate allowances for
estimated amounts which are irrecoverable. Individual trade receivables are written off when management deems them not
collectible. Impairment is made on the expected credit losses, which are the present value of the cash shortfall over the
expected life of the financial assets. The impairment provisions for financial assets are based on assumption about risk of
default and expected loss rates. Judgment in making these assumptions and selecting the inputs to the impairment
calculation are based on past history, existing market condition as well as forward looking estimates at the end of each
reporting period.
j) Allowances for inventories:
Management reviews the inventory age listing on a periodic basis. The purpose is to compare the carrying value of the aged
inventory items with the respective net realizable value and also to identify obsolete and slow-moving items, so as to make
adequate allowances for the same. Management is satisfied that adequate allowance for obsolete and slow-moving
inventories has been made in the standalone financial statements.
k) Estimation / uncertainties relating to global held pandemic on COVID-19
Revisions to accounting estimates are recognized prospectively in the Statement of Profit and Loss in the period in which the
estimates are revised and in any future periods affected.
[610300] Notes - Accounting policies, changes in accounting estimates and errors

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of changes in accounting policies, accounting estimates and errors
[TextBlock]
Disclosure of initial application of standards or interpretations
[TextBlock]
Whether initial application of an Ind AS has an effect on the
No No
current period or any prior period
Disclosure of voluntary change in accounting policy [TextBlock]
Whether there is any voluntary change in accounting policy No No
Disclosure of changes in accounting estimates [TextBlock]
Whether there are changes in acounting estimates during the year No No
45
[400600] Notes - Property, plant and equipment
Disclosure of detailed information about property, plant and equipment [Table] ..(1)
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Carrying amount [Member]
amount [Axis] amount [Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 904.43 859.26 904.43
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-959.12 -944.42
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-959.12 -944.42
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
Disposals, property, plant and
88.49 73.8 130.23
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
88.49 73.8 130.23
46
Decrease through classified as held

for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
-143.18 -158.96 774.2
plant and equipment
Property, plant and equipment at end of
12,812.27 12,955.45 13,114.41 16,485.23
period
47
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
[Abstract]
combinations, property, plant and 859.26
equipment
combinations, property, plant and 0
equipment
exchange differences, property, 0
plant and equipment
959.12 944.42
loss
0 0
959.12 944.42
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
134.54 41.74 60.74
equipment
0 0 0
equipment
134.54 41.74 60.74
equipment
equipment
48

724.72 917.38 883.68
plant and equipment
15,711.03 14,986.31 3,672.96 2,755.58
period
49
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
amount [Axis] impairment
[Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
[Abstract]
combinations, property, plant and 904.43 859.26
equipment
combinations, property, plant and 0 0
equipment
exchange differences, property, 0 0
plant and equipment
-959.12 -944.42
loss
0 0
-959.12 -944.42
equipment
equipment
0 0
equipment
plant and equipment
transfers, property, plant and 0 0
equipment
changes, property, plant and 0 0
equipment
transfers and other changes, property, 0 0
plant and equipment
88.49 73.8
equipment
0 0
equipment
88.49 73.8
for sale, property, plant and 0 0
equipment
50

subsidiary, property, plant and 0 0
equipment
-143.18 -158.96
plant and equipment
1,871.9 12,812.27 12,955.45 13,114.41
period
51
Accumulated
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
[Abstract]
equipment
equipment
plant and equipment
959.12
loss
0
959.12
equipment
or loss, property, plant and 0
equipment
recognised in profit or loss, 0
0 0
comprehensive income, property, plant and 0
equipment
in other comprehensive income, property, 0
plant and equipment
equipment
equipment
plant and equipment
130.23 134.54 41.74
equipment
0 0 0
equipment
130.23 134.54 41.74
equipment
52

equipment
774.2 724.72 917.38
plant and equipment
16,485.23 15,711.03 14,986.31 3,672.96
period
53
Property, plant and equipment
Classes of property, plant and equipment [Axis] Land [Member]
[Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned assets [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
944.42 0 0
loss
0 0 0
944.42 0 0
equipment
or loss, property, plant and 0 0 0
equipment
recognised in profit or loss, 0 0 0
0 0
comprehensive income, property, plant and 0 0 0
equipment
in other comprehensive income, property, 0 0 0
plant and equipment
equipment
equipment
plant and equipment
60.74 0 0
equipment
0 0 0
equipment
60.74 0 0
equipment
equipment
54

883.68 0 0
plant and equipment
2,755.58 1,871.9 802.11 802.11
period
Carrying amount accumulated depreciation and gross carrying Carrying amount
amount [Axis] [Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
0 0
equipment
equipment
plant and equipment
0 0
equipment
0 0
equipment
0 0
equipment
equipment
0 0
plant and equipment
802.11 802.11 802.11 802.11
period
55
Buildings
[Member]
Owned assets
[Member]
Accumulated depreciation and impairment [Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
[Abstract]
equipment
equipment
plant and equipment
0 0 -45.18
loss
0 0 0
0 0 -45.18
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0 0
equipment
0 0 0
equipment
0 0 0
equipment
56

equipment
0 0 52.99
plant and equipment
0 0 0 800.55
period
57
Classes of property, plant and equipment [Axis] Buildings [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
-43.48
loss
0
-43.48
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0 0
equipment
0 0 0
equipment
0 0 0
equipment
equipment
58

-34.97 98.17 8.51
plant and equipment
747.56 782.53 983.55 885.38
period
Classes of property, plant and equipment [Axis] Buildings [Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
[Abstract]
45.18 43.48
loss
0 0
45.18 43.48
equipment
equipment
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0
equipment
0 0
equipment
0 0
equipment
equipment
45.18 43.48
plant and equipment
876.87 183 137.82 94.34
period
59
Classes of property, plant and equipment [Axis] Office building [Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
[Abstract]
equipment
equipment
plant and equipment
-45.18 -43.48
loss
0 0
-45.18 -43.48
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0 0
equipment
0 0 0
equipment
0 0 0
equipment
equipment
60

52.99 -34.97 98.17
plant and equipment
800.55 747.56 782.53 983.55
period
61
Classes of property, plant and equipment [Axis] Office building [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
45.18 43.48
loss
0 0
45.18 43.48
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0 0
equipment
0 0 0
equipment
0 0 0
equipment
equipment
62

8.51 45.18 43.48
plant and equipment
885.38 876.87 183 137.82
period
63
Office building
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
[Member]
Owned assets
[Member]
Accumulated
[Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
-864.87 -830.93
loss
0 0
-864.87 -830.93
equipment
equipment
0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
88.49 11.92
equipment
0 0
equipment
88.49 11.92
equipment
64

equipment
-160.2 -9.44
plant and equipment
94.34 10,929.73 11,089.93 11,099.37
period
65
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Accumulated
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
[Abstract]
equipment
equipment
plant and equipment
864.87
loss
0
864.87
equipment
equipment
0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
130.23 13.56 41.74
equipment
0 0 0
equipment
130.23 13.56 41.74
equipment
66

equipment
662.93 819.85 823.13
plant and equipment
14,201.88 13,538.95 12,719.1 3,272.15
period
67
Classes of property, plant and equipment [Axis] Plant and equipment [Member] Other plant and equipment [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
830.93 -864.87 -830.93
loss
0 0 0
830.93 -864.87 -830.93
equipment
equipment
0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
1.64 88.49 11.92
equipment
0 0 0
equipment
1.64 88.49 11.92
equipment
equipment
68

829.29 -160.2 -9.44
plant and equipment
2,449.02 1,619.73 10,929.73 11,089.93
period
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
0 0
equipment
equipment
plant and equipment
130.23 13.56
equipment
0 0
equipment
130.23 13.56
equipment
equipment
662.93 819.85
plant and equipment
11,099.37 14,201.88 13,538.95 12,719.1
period
69
Furniture and
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
fixtures [Member]
Owned assets
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
[Abstract]
equipment
equipment
plant and equipment
864.87 830.93 -0.92
loss
0 0 0
864.87 830.93 -0.92
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
41.74 1.64 0
equipment
0 0 0
equipment
41.74 1.64 0
equipment
70

equipment
823.13 829.29 -0.64
plant and equipment
3,272.15 2,449.02 1,619.73 7.66
period
71
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
amount [Axis]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
[Abstract]
combinations, property, plant and 0 0.28 0
equipment
equipment
plant and equipment
-6.78
loss
0
-6.78
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0 0
equipment
0 0 0
equipment
0 0 0
equipment
equipment
72

-6.78 0.28 0
plant and equipment
8.3 15.08 37.36 37.08
period
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
[Abstract]
0.92 6.78
loss
0 0
0.92 6.78
equipment
equipment
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0
equipment
0 0
equipment
0 0
equipment
equipment
0.92 6.78
plant and equipment
37.08 29.7 28.78 22
period
73
Classes of property, plant and equipment [Axis] Vehicles [Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
[Abstract]
combinations, property, plant and 0 16.26 0
equipment
equipment
plant and equipment
-23.77 -37.33
loss
0 0
-23.77 -37.33
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 61.88 0
equipment
0 0 0
equipment
0 61.88 0
equipment
equipment
74

-23.77 -82.95 0
plant and equipment
93.77 117.54 200.49 173.49
period
75
Classes of property, plant and equipment [Axis] Vehicles [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
23.77 37.33
loss
0 0
23.77 37.33
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
120.98 0 59.1
equipment
0 0 0
equipment
120.98 0 59.1
equipment
equipment
76

-104.72 23.77 -21.77
plant and equipment
173.49 278.21 79.72 55.95
period
77
Classes of property, plant and equipment [Axis] Vehicles [Member] Motor vehicles [Member]
Owned assets
[Member]
Accumulated
[Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
[Abstract]
combinations, property, plant and 0 16.26
equipment
equipment
plant and equipment
-23.77 -37.33
loss
0 0
-23.77 -37.33
equipment
equipment
0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 61.88
equipment
0 0
equipment
0 61.88
equipment
78

equipment
-23.77 -82.95
plant and equipment
77.72 93.77 117.54 200.49
period
79
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
Accumulated
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
[Abstract]
equipment
equipment
plant and equipment
23.77
loss
0
23.77
equipment
equipment
0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 120.98 0
equipment
0 0 0
equipment
0 120.98 0
equipment
80

equipment
0 -104.72 23.77
plant and equipment
173.49 173.49 278.21 79.72
period
81
Classes of property, plant and equipment [Axis] Motor vehicles [Member] Office equipment [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
37.33 -0.7 -0.75
loss
0 0 0
37.33 -0.7 -0.75
equipment
equipment
0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
59.1 0 0
equipment
0 0 0
equipment
59.1 0 0
equipment
equipment
82

-21.77 -0.7 -0.64
plant and equipment
55.95 77.72 1.78 2.48
period
Classes of property, plant and equipment [Axis] Office equipment [Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
0 0
equipment
equipment
plant and equipment
0 0
equipment
0 0
equipment
0 0
equipment
equipment
0 0.11
plant and equipment
3.12 4.7 4.7 4.59
period
83
Computer
Classes of property, plant and equipment [Axis] Office equipment [Member] equipments
[Member]
Owned assets
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
[Abstract]
equipment
equipment
plant and equipment
0.7 0.75 -3.66
loss
0 0 0
0.7 0.75 -3.66
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0 0
equipment
0 0 0
equipment
0 0 0
equipment
84

equipment
0.7 0.75 7.11
plant and equipment
2.92 2.22 1.47 9.97
period
85
Classes of property, plant and equipment [Axis] Computer equipments [Member]
amount [Axis]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
-2.15
loss
0
-2.15
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0 0
equipment
0 0 0
equipment
0 0 0
equipment
equipment
86

-2.08 10.77 0.07
plant and equipment
2.86 4.94 20.49 9.72
period
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
[Abstract]
3.66 2.15
loss
0 0
3.66 2.15
equipment
equipment
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0
equipment
0 0
equipment
0 0
equipment
equipment
3.66 2.15
plant and equipment
9.65 10.52 6.86 4.71
period
87
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
[Abstract]
equipment
equipment
plant and equipment
-20.02 -23
loss
0 0
-20.02 -23
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0 0
equipment
0 0 0
equipment
0 0 0
equipment
equipment
88

-17.97 -22.1 2.05
plant and equipment
166.7 184.67 206.77 261.65
period
89
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
20.02 23
loss
0 0
20.02 23
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0 0
equipment
0 0 0
equipment
0 0 0
equipment
equipment
90

0.9 20.02 23
plant and equipment
259.6 258.7 94.95 74.93
period
91
Other property,
plant and
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
equipment
[Member]
Owned assets
[Member]
Accumulated
[Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
Nature of other property plant and equipment
Other property Other property
others
[Abstract]
equipment
equipment
plant and equipment
-20.02 -23
loss
0 0
-20.02 -23
equipment
equipment
0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0
equipment
0 0
equipment
92

0 0
equipment
equipment
-17.97 -22.1
plant and equipment
51.93 166.7 184.67 206.77
period
93
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Accumulated
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
Nature of other property plant and equipment
Other property Other property Other property
others
[Abstract]
equipment
equipment
plant and equipment
20.02
loss
0
20.02
equipment
equipment
0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0 0
equipment
0 0 0
equipment
0 0 0
equipment
94

equipment
2.05 0.9 20.02
plant and equipment
261.65 259.6 258.7 94.95
period
Other property, plant and equipment,
Classes of property, plant and equipment [Axis]
others [Member]
Accumulated depreciation and
Carrying amount accumulated depreciation and gross carrying amount [Axis]
impairment [Member]
01/04/2019
to 31/03/2019
31/03/2020
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Nature of other property plant and equipment others Other property
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss 23
Depreciation recognised as part of cost of other assets 0
Total Depreciation property plant and equipment 23
Impairment loss recognised in profit or loss, property, plant and equipment 0
Reversal of impairment loss recognised in profit or loss, property, plant
0
and equipment
Impairment loss recognised in other comprehensive income, property, plant
0
and equipment
Reversal of impairment loss recognised in other comprehensive income,
0
Increase (decrease) through transfers and other changes, property, plant
Increase (decrease) through transfers, property, plant and equipment 0
Increase (decrease) through other changes, property, plant and equipment 0
Total increase (decrease) through transfers and other changes,
0
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0
Retirements, property, plant and equipment 0
Total disposals and retirements, property, plant and equipment 0
Decrease through classified as held for sale, property, plant and equipment 0
Decrease through loss of control of subsidiary, property, plant and
0
equipment
Total increase (decrease) in property, plant and equipment 23
Property, plant and equipment at end of period 74.93 51.93
Disclosure of additional information about property plant and equipment [Table] ..(1)
Property, plant and equipment
[Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of additional information about
property plant and equipment [Abstract]
property plant and equipment [Line items]
Depreciation method, property, plant and
SLM SLM SLM SLM
equipment
Useful lives or depreciation rates, property, Asper Companies Asper Companies Asper Companies Asper Companies
plant and equipment Act 2013 Act 2013 Act 2013 Act 2013
Effective dates of revaluation, property,
NA NA NA NA
plant and equipment
Whether property, plant and equipment are
No No No No
stated at revalued amount
95
Classes of property, plant and equipment [Axis] Buildings [Member] Office building [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
SLM SLM SLM SLM
equipment
NA NA NA NA
plant and equipment
No No No No
Classes of property, plant and equipment [Axis] Plant and equipment [Member] Other plant and equipment [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
SLM SLM SLM SLM
equipment
NA NA NA NA
plant and equipment
No No No No
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member] Vehicles [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
SLM SLM SLM SLM
equipment
NA NA NA NA
plant and equipment
No No No No
96
Classes of property, plant and equipment [Axis] Motor vehicles [Member] Office equipment [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
SLM SLM SLM SLM
equipment
NA NA NA NA
plant and equipment
No No No No
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of additional information about property plant and equipment [Abstract]
Disclosure of additional information about property plant and equipment [Line items]
Depreciation method, property, plant and equipment SLM SLM
Asper Companies Asper Companies
Useful lives or depreciation rates, property, plant and equipment Act 2013 Act 2013
Effective dates of revaluation, property, plant and equipment NA NA
Whether property, plant and equipment are stated at revalued amount No No
[612100] Notes - Impairment of assets

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of impairment of assets [TextBlock]
Disclosure of impairment loss and reversal of impairment loss [TextBlock]
Whether there is any impairment loss or reversal of impairment loss
No No
during the year
Disclosure of information for impairment loss recognised or reversed
for individual Assets or cash-generating unit [TextBlock]
Whether impairment loss recognised or reversed for individual Assets
No No
or cash-generating unit
[400700] Notes - Investment property

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of investment property [TextBlock]
Depreciation method, investment property, cost model SLM SLM
Useful lives or depreciation rates, investment property, cost model As per Companies Act, 2013 As per Companies Act, 2013
97
[400900] Notes - Other intangible assets
Disclosure of additional information about other intangible assets [Table] ..(1)

Company other intangible assets
Classes of other intangible assets [Axis] Computer software [Member]
[Member]
Internally generated and other than
Internally generated intangible assets
Sub classes of other intangible assets [Axis] internally generated intangible assets
[Member]
[Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of additional information about other
intangible assets [Abstract]
other intangible assets [Line items]
Amortisation method, other intangible assets SLM SLM SLM SLM
Useful lives or amortisation rates, other
3 Years 3 Years 3 Years 3 Years
intangible assets
Whether other intangible assets are stated at
No No No No
revalued amount
98
Disclosure of detailed information about other intangible assets [Table] ..(1)

Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and Gross carrying
gross carrying amount [Axis] amount [Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
0 0 0
combinations
Acquisitions through business combinations 0 0 0
Increase (decrease) through net exchange
0 0 0
differences
Amortisation other intangible assets -1.75 -1.3
Impairment loss recognised in profit or
0 0
loss
0 0
in profit or loss
Revaluation increase (decrease), other
0 0 0
intangible assets
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
transfers and other changes, other
0 0 0
transfers, other intangible assets
0 0 0
changes
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
Disposals 0 0 0
Retirements 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
0 0 0
subsidiary
Total increase (decrease) in Other
-1.75 -1.3 0
intangible assets
Other intangible assets at end of period 11.74 13.49 14.79 16.38
99

Internally generated and other than internally generated intangible assets
[Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
gross carrying amount [Axis] impairment [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
assets [Abstract]
0
combinations
Acquisitions through business combinations 0
0
differences
Amortisation other intangible assets 1.75 1.3
0 0
loss
0 0
in profit or loss
0
intangible assets
assets
intangible assets
0 0 0
0 0 0
changes
intangible assets
Disposals 0 0 0
Retirements 0 0 0
0 0 0
0 0 0
sale
0 0 0
subsidiary
0 1.75 1.3
intangible assets
100

Internally
generated and
other than
Sub classes of other intangible assets [Axis] internally Internally generated intangible assets [Member]
generated
intangible assets
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
gross carrying amount [Axis] impairment
[Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
assets [Abstract]
0 0
combinations
Acquisitions through business combinations 0 0
0 0
differences
Amortisation other intangible assets -1.75 -1.3
0 0
loss
0 0
in profit or loss
0 0
intangible assets
assets
intangible assets
0 0
0 0
changes
transfers and other changes, Other 0 0
intangible assets
Disposals 0 0
Retirements 0 0
0 0
0 0
sale
0 0
subsidiary
-1.75 -1.3
intangible assets
101

Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
gross carrying amount [Axis] impairment
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
assets [Abstract]
0 0
combinations
0 0
differences
Amortisation other intangible assets 1.75
0
loss
0
in profit or loss
0 0
intangible assets
comprehensive income, other intangible 0
assets
other comprehensive income, other 0
intangible assets
0 0 0
0 0 0
changes
intangible assets
Disposals 0 0 0
Retirements 0 0 0
0 0 0
0 0 0
sale
0 0 0
subsidiary
0 0 1.75
intangible assets
102

Company other intangible assets
[Member]
Internally generated intangible assets Internally generated intangible assets
[Member] [Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
gross carrying amount [Axis] impairment [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
assets [Abstract]
0 0
combinations
0 0
differences
Amortisation other intangible assets 1.3 -1.75 -1.3
0 0 0
loss
0 0 0
in profit or loss
0 0
intangible assets
comprehensive income, other intangible 0 0 0
assets
other comprehensive income, other 0 0 0
intangible assets
0 0 0
0 0 0
changes
intangible assets
Disposals 0 0 0
Retirements 0 0 0
0 0 0
0 0 0
sale
0 0 0
subsidiary
1.3 -1.75 -1.3
intangible assets
103

Carrying amount accumulated amortization and impairment and Carrying amount
gross carrying amount [Axis] [Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
assets [Abstract]
0 0
combinations
0 0
differences
0 0
intangible assets
0 0
0 0
changes
transfers and other changes, Other 0 0
intangible assets
Disposals 0 0
Retirements 0 0
0 0
0 0
sale
0 0
subsidiary
0 0
intangible assets
104

Carrying amount accumulated amortization and impairment and gross carrying amount
Accumulated amortization and impairment [Member]
[Axis]
01/04/2020 01/04/2019
to to 31/03/2019
31/03/2021 31/03/2020
Disclosure of detailed information about other intangible assets
[Abstract]
[Line items]
Reconciliation of changes in other intangible assets [Abstract]
Amortisation other intangible assets 1.75 1.3
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive
0 0
income, other intangible assets
Reversal of impairment loss recognised in other
0 0
comprehensive income, other intangible assets
Increase (decrease) through transfers and other
changes, other intangible assets [Abstract]
Increase (decrease) through transfers, other intangible
0 0
assets
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and
0 0
other changes, Other intangible assets
Disposals and retirements, other intangible assets
[Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 1.75 1.3
Other intangible assets at end of period 4.64 2.89 1.59

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of other intangible assets [TextBlock]
[TextBlock]
Disclosure of intangible assets with indefinite useful life [TextBlock]
Whether there are intangible assets with indefinite useful life No No
[401000] Notes - Biological assets other than bearer plants

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of biological assets, agriculture produce at point of
harvest and government grants related to biological assets
[TextBlock]
Depreciation method, biological assets other than bearer plants, at cost SLM SLM
Useful lives or depreciation rates, biological assets other than bearer
As per Companies Act, 2013 As per Companies Act, 2013
plants, at cost
105
[611100] Notes - Financial instruments
Disclosure of financial assets [Table] ..(1)

Financial assets at amortised cost, class
Classes of financial assets [Axis] Financial assets, class [Member]
[Member]
Financial assets at amortised cost, Financial assets at amortised cost,
Categories of financial assets [Axis]
category [Member] category [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 0 0 0 0
Financial assets, at fair value 19,605.15 12,760.37 13,140.03 10,228.2
Description of other financial assets at
0 0 0 0
amortised cost class
Description of other financial assets at fair
total financial assets total financial assets trade receivables trade receivables
value class

Financial assets at fair value, class
Classes of financial assets [Axis] Trade receivables [Member]
[Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
0 0 0 0
Description of other financial assets at fair
trade receivables trade receivables total total
value class

Other financial assets at fair value class Other financial assets at fair value class
Classes of financial assets [Axis]
[Member] 1 [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
0 0 0 0
Description of other financial assets at fair Cash and cash Cash and cash
total total
value class equivalents equivalents
106

Other financial assets at fair value class Other financial assets at fair value class
Classes of financial assets [Axis]
2 [Member] 3 [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Financial assets, at fair value 4,874.87 965.79 472.13 138.17
0 0 0 0
Description of other financial assets at fair Bank balances other Bank balances other
Other Other
value class than than
Disclosure of financial liabilities [Table] ..(1)

Financial liabilities at fair value, class
Classes of financial liabilities [Axis] Financial liabilities, class [Member]
[Member]
Financial liabilities at fair value
Categories of financial liabilities [Axis] Financial liabilities, category [Member] through profit or loss, category
[Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of financial liabilities [Abstract]
Disclosure of financial liabilities [Line items]
Financial liabilities 0 0 0 0
Financial liabilities, at fair value 12,988.81 8,876.54 12,988.81 8,876.54
Disclosure of financial liabilities [Table] ..(2)

Financial liabilities at fair value, class
Classes of financial liabilities [Axis]
[Member]
Financial liabilities at fair value
through profit or loss, designated upon
Categories of financial liabilities [Axis]
initial recognition or subsequently,
category [Member]
31/03/2021 31/03/2020
Disclosure of financial liabilities [Line items]
Financial liabilities 0 0
Financial liabilities, at fair value 12,988.81 8,876.54
Disclosure of financial instruments by type of interest rate [Table] ..(1)

Types of interest rates [Axis] Interest rate types [Member]
31/03/2021 31/03/2020
Disclosure of financial instruments by type of interest rate [Abstract]
Disclosure of financial instruments by type of interest rate [Line items]
107

31/03/2021 31/03/2020
Disclosure of financial instruments [TextBlock]
Disclosure of financial assets [TextBlock]
Disclosure of financial liabilities [TextBlock]
Financial liabilities, at fair value 12,988.81 8,876.54
Disclosure of credit risk [TextBlock]
Disclosure of reconciliation of changes in loss allowance and
explanation of changes in gross carrying amount for financial
instruments [TextBlock]
Disclosure of reconciliation of changes in loss allowance
and explanation of changes in gross carrying amount for
financial instruments [Abstract]
Disclosure of credit risk exposure [TextBlock]
Disclosure of credit risk exposure [Abstract]
Disclosure of provision matrix [TextBlock]
Disclosure of provision matrix [Abstract]
Disclosure of financial instruments by type of interest rate [TextBlock]
Disclosure of financial instruments by type of interest rate [Abstract]
[400400] Notes - Non-current investments
Details of non-current investments [Table] ..(1)

Classification of non-current investments [Axis] Column 1 Column 2
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Non-current investments [Abstract]
Disclosure of details of non-current investments
[Abstract]
Details of non-current investments [Line items]
Investment in other Investment in other Investment in other Investment in other
Type of non-current investments Indian companies Indian companies Indian companies Indian companies
equity instruments equity instruments equity instruments equity instruments
Class of non-current investments Other investments Other investments Other investments Other investments
In fully paid Equity In fully paid Equity In fully paid Equity In fully paid Equity
Nature of non-current investments share- Quoted share- Quoted share- Quoted share- Quoted
Non-current investments 0.32 0.31 2.16 0.75
Name of body corporate in whom investment has AzkoNobel India AzkoNobel India
Alembic Ltd Alembic Ltd
been made Limited Limited
Details of whether such body corporate is
subsidiary, associate, joint venture or NA NA NA NA
controlled special purpose entity
Number of shares of non-current investment
[shares] 14 [shares] 14 [shares] 2,100 [shares] 2,100
made in body corporate
Details of non-current investments made
NA NA NA NA
in body corporate which are partly paid
108

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Nature of non-current investments share- Quoted share- Quoted share- Unquoted share- Unquoted
Name of body corporate in whom investment has Alembic Alembic
Narmada Clean Ltd Narmada Clean Ltd
been made Pharmaceutical Ltd Pharmaceutical Ltd
[shares] 1,050 [shares] 1,050 [shares] 4,55,835 [shares] 4,55,835
NA NA NA NA

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Nature of non-current investments share- Unquoted share- Unquoted share- Unquoted share- Unquoted
Name of body corporate in whom investment has Patan Co-op Bank Patan Co-op Bank Kapole Co-op. Kapole Co-op. Bank
been made Ltd Ltd Bank Ltd Ltd
[shares] 9,000 [shares] 9,000 [shares] 100 [shares] 100
NA NA NA NA
109

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Investments in Investments in Investments in Investments in
Type of non-current investments debentures or bonds debentures or bonds partnership firms partnership firms
Investments in Investments in In Limited Liability In Limited Liability
Nature of non-current investments debentures (at fair debentures (at fair Partnership- Partnership-
value Through OCI) value Through OCI) Unquoted( At Cost) Unquoted( At Cost)
Non-current investments 0 559.82 0.2 0.22
Name of body corporate in whom investment has HDB Financial
NA ISC Speciality LLP ISC Speciality LLP
been made Services Limited
[shares] 0 [shares] 50 [shares] 0 [shares] 0
NA NA NA NA

31/03/2021 31/03/2020
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 12.61 566.49
Market value of quoted non-current investments 0.03 500.03
Aggregate amount of unquoted non-current investments 96.53 98.74
Aggregate provision for diminution in value of non-current investments 0 0
[611600] Notes - Non-current asset held for sale and discontinued operations
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of non-current assets held for sale and discontinued operations
[TextBlock]
Net cash flows from (used in) operating activities, continuing
3,781.84 6,823.24
operations
Net cash flows from (used in) operating activities 3,781.84 6,823.24
Net cash flows from (used in) investing activities, continuing
3,090.64 1,155.22
operations
Net cash flows from (used in) investing activities 3,090.64 1,155.22
Net cash flows from (used in) financing activities, continuing
-7,181.6 -10,775.27
operations
Net cash flows from (used in) financing activities -7,181.6 -10,775.27
110
[400100] Notes - Equity share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Type of share Equity share Equity share Equity Share Equity Share
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 share Equity share Equity Share Equity Share
Name of shareholder Gopi H. Shah Gopi H. Shah
Permanent account number of shareholder AARPS9807J AARPS9807J
Country of incorporation or residence of
INDIA INDIA
shareholder
Number of shares held in company [shares] 46,535 [shares] 62,313
Percentage of shareholding in company 20.28% 20.36%
Name of shareholder [Axis] Shareholder 2 [Member] Shareholder 3 [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Type of share Equity Share Equity Share Equity Share Equity Share
company [Abstract]
Name of shareholder Kalpana V Shah Kalpana V Shah Hiten P. Shah Hiten P. Shah
Permanent account number of shareholder AQMPS2972F AQMPS2972F AARPS9809G AARPS9809G
INDIA INDIA INDIA INDIA
shareholder
Number of shares held in company [shares] 28,700 [shares] 36,000 [shares] 28,365 [shares] 38,087
Percentage of shareholding in company 12.51% 11.76% 12.36% 12.45%
Name of shareholder [Axis] Shareholder 4 [Member] Shareholder 5 [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
company [Abstract]
Name of shareholder Virendra P. Shah Virendra P. Shah Bhavesh V. Shah Bhavesh V. Shah
Permanent account number of shareholder AAYPS4785J AAYPS4785J AQMPS2951C AQMPS2951C
shareholder
Number of shares held in company [shares] 18,600 [shares] 21,500 [shares] 13,200 [shares] 18,000
Percentage of shareholding in company 8.10% 7.03% 5.75% 5.88%
111
Name of shareholder [Axis] Shareholder 6 [Member]
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Type of share Equity Share Equity Share
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 Share Equity Share
Name of shareholder Gautam B. Shah Gautam B Shah
Permanent account number of shareholder AAOPS2532D AAOPS2532D
Country of incorporation or residence of shareholder INDIA INDIA
Number of shares held in company [shares] 12,348 [shares] 16,464
Percentage of shareholding in company 5.38% 5.38%
112
Disclosure of classes of equity share capital [Table] ..(1)

Equity shares 1
Classes of equity share capital [Axis] Equity shares [Member]
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line
items]
Type of share Equity share
Number of shares authorised [shares] 5,00,000 [shares] 5,00,000 [shares] 5,00,000
Value of shares authorised 500 500 500
Number of shares issued [shares] 2,29,500 [shares] 3,06,000 [shares] 2,29,500
Value of shares issued 229.5 306 229.5
Number of shares subscribed and fully paid [shares] 2,29,500 [shares] 3,06,000 [shares] 2,29,500
Value of shares subscribed and fully paid 229.5 306 229.5
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 2,29,500 [shares] 3,06,000 [shares] 2,29,500
Total value of shares subscribed 229.5 306 229.5
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 2,29,500 [shares] 3,06,000 [shares] 2,29,500
Value of shares called 229.5 306 229.5
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
Total calls unpaid 0 0 0
Value of shares paid-up 229.5 306 229.5
Par value per share [INR/shares] 100
Amount per share called in case shares not fully
[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 other issues of shares [shares] 0 [shares] 0 [shares] 0
Total aggregate number of shares issued
[shares] 0 [shares] 0 [shares] 0
during period
Decrease in number of shares during period
[Abstract]
Number of shares bought back or treasury
[shares] 76,500 [shares] 99,000 [shares] 76,500
shares
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
[shares] 76,500 [shares] 99,000 [shares] 76,500
period
Total increase (decrease) in number of
[shares] -76,500 [shares] -99,000 [shares] -76,500
shares outstanding
Number of shares outstanding at end of period [shares] 2,29,500 [shares] 3,06,000 [shares] 4,05,000 [shares] 2,29,500
Reconciliation of value of shares outstanding
[Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during
period [Abstract]
Amount of other issues during period 0 0 0
Total aggregate amount of increase
0 0 0
in equity share capital during period
Decrease in equity share capital during
period [Abstract]
Decrease in amount of treasury shares
76.5 99 76.5
or shares bought back
Other decrease in amount of shares 0 0 0
Total decrease in equity share capital
76.5 99 76.5
during period
Total increase (decrease) in share capital -76.5 -99 -76.5
113
Equity share capital at end of period 229.5 306 405 229.5

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
[shares] 0 [shares] 0 [shares] 0
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
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
Application money received for
allotment of securities and due for 0 0 0
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
114
Disclosure of classes of equity share capital [Table] ..(2)

01/04/2019
to 31/03/2019
31/03/2020
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Number of shares authorised [shares] 5,00,000
Value of shares authorised 500
Number of shares issued [shares] 3,06,000
Value of shares issued 306
Number of shares subscribed and fully paid [shares] 3,06,000
Value of shares subscribed and fully paid 306
Number of shares subscribed but not fully paid [shares] 0
Value of shares subscribed but not fully paid 0
Total number of shares subscribed [shares] 3,06,000
Total value of shares subscribed 306
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 3,06,000
Value of shares called 306
Calls unpaid [Abstract]
Calls unpaid by directors and officers [Abstract]
Calls unpaid by directors 0
Calls unpaid by officers 0
Total calls unpaid by directors and officers 0
Total calls unpaid 0
Value of shares paid-up 306
Par value per share [INR/shares] 100
Amount per share called in case shares not fully called [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of other issues of shares [shares] 0
Total aggregate number of shares issued during period [shares] 0
Decrease in number of shares during period [Abstract]
Number of shares bought back or treasury shares [shares] 99,000
Other decrease in number of shares [shares] 0
Total decrease in number of shares during period [shares] 99,000
Total increase (decrease) in number of shares outstanding [shares] -99,000
Number of shares outstanding at end of period [shares] 3,06,000 [shares] 4,05,000
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of other issues during period 0
Total aggregate amount of increase in equity share capital during period 0
Decrease in equity share capital during period [Abstract]
Decrease in amount of treasury shares or shares bought back 99
Other decrease in amount of shares 0
Total decrease in equity share capital during period 99
Total increase (decrease) in share capital -99
Equity share capital at end of period 306 405
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 in company held by ultimate holding company [shares] 0
Total shares in company held by holding company or ultimate holding company
[shares] 0
or by its subsidiaries or associates
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 refund,
0
principal
Application money received for allotment of securities and due for refund,
0
interest accrued
Total application money received for allotment of securities and due for
0
refund and interest accrued thereon
115

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of notes on equity share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
[400300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on current non-current [Axis] Current [Member]
Classification of borrowings [Axis] Borrowings [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 4,923.69 3,779.5 15.49 505.49
Details on loans guaranteed [Abstract]
Aggregate amount of loans guaranteed by
0 0 0 0
directors
0 0 0 0
others
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default
0 0 0 0
principal
0 0 0 0
interest

Classification of borrowings [Axis] Term loans [Member] Term loans from others [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Borrowings 4,923.69 3,779.5 4,923.69 3,779.5
0 0 0 0
directors
0 0 0 0
others
0 0 0 0
principal
0 0 0 0
interest
116

Rupee term loans from others Foreign currency term loans from
Classification of borrowings [Axis]
[Member] others [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Borrowings 120.45 10.5 4,803.24 3,769
Nature of security [Abstract]
foreign currency foreign currency
Nature of security rupee loans rupee loans
loans loans
0 0 0 0
directors
0 0 0 0
others
0 0 0 0
principal
0 0 0 0
interest

Other loans and advances, others
Classification of borrowings [Axis] Other loans and advances [Member]
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Borrowings 15.49 505.49 15.49 505.49
0 0 0 0
directors
0 0 0 0
others
0 0 0 0
principal
0 0 0 0
interest
117
[612700] Notes - Income taxes
Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(1)
Temporary
Temporary difference, unused tax losses and unused tax credits Temporary difference, unused tax losses and unused tax
differences
[Axis] credits [Member]
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
Deferred tax relating to items credited (charged)
0 0 0
directly to equity
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 1,675.95 1,713.26 1,675.95
Deferred tax liabilities 82.15 80.73 82.15
Net deferred tax liability (assets) -1,593.8 -1,632.53 -2,299.12 -1,593.8
Net deferred tax assets and liabilities
[Abstract]
Net deferred tax assets -1,675.95 -1,713.26 -1,675.95
Net deferred tax liabilities 82.15 80.73 82.15
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
38.73 666.59 38.73
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
38.73 666.59 38.73
Deferred tax relating to items
0 0 0
credited (charged) directly to equity
Aggregated income tax relating to
components of other comprehensive 0 0 0
income
Increase (decrease) through business
combinations, deferred tax liability 0 0 0
(assets)
Increase (decrease) through loss
of control of subsidiary, deferred 0 0 0
tax liability (assets)
differences, deferred tax liability 0 0 0
(assets)
Total increase (decrease) in deferred
38.73 666.59 38.73
Deferred tax liability (assets) at end of
-1,593.8 -1,632.53 -2,299.12 -1,593.8
period
Description of other temporary differences total total total
118
Temporary difference, unused tax losses and unused tax credits
Temporary differences [Member] Other temporary differences [Member]
[Axis]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
0 0 0
directly to equity
Deferred tax assets 1,713.26 1,675.95 1,713.26
[Abstract]
Net deferred tax assets -1,713.26 -1,675.95 -1,713.26
666.59 38.73 666.59
[Abstract]
666.59 38.73 666.59
0 0 0
income
(assets)
(assets)
666.59 38.73 666.59
-1,632.53 -2,299.12 -1,593.8 -1,632.53
period
Description of other temporary differences total total total
119
Other temporary
differences Other temporary differences 1 [Member]
[Axis]
[Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
0 0
directly to equity
Deferred tax assets 1,661.74 1,692.94
Deferred tax liabilities 0 0
[Abstract]
Net deferred tax assets -1,661.74 -1,692.94
Net deferred tax liabilities 0 0
31.2 702.8
[Abstract]
31.2 702.8
0 0
components of other comprehensive 0 0
income
combinations, deferred tax liability 0 0
(assets)
of control of subsidiary, deferred 0 0
differences, deferred tax liability 0 0
(assets)
31.2 702.8
-2,299.12 -1,661.74 -1,692.94 -2,395.74
period
Property, plant and Property, plant and
Description of other temporary differences Equipment Equipment
120
Other temporary
Other temporary differences 2 [Member] differences 3
[Axis]
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
0 0 0
directly to equity
Deferred tax assets 14.21 20.32 0
Deferred tax liabilities 0 0 7.09
Net deferred tax liability (assets) -14.21 -20.32 -14.84 7.09
[Abstract]
Net deferred tax assets -14.21 -20.32 0
Net deferred tax liabilities 0 0 7.09
6.11 -5.48 1.32
[Abstract]
6.11 -5.48 1.32
0 0 0
income
(assets)
(assets)
6.11 -5.48 1.32
-14.21 -20.32 -14.84 7.09
period
provision for
Fair valuation of financial Fair valuation of financial
Description of other temporary differences Instrument Instrument
entirment benefit
and leave salary
121
Temporary difference, unused tax losses and unused tax credits Other temporary differences 4
Other temporary differences 3 [Member]
[Axis] [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
0 0 0
directly to equity
Deferred tax assets 0 0 0
Net deferred tax liability (assets) 5.77 7.28 0.4 0.3
[Abstract]
Net deferred tax assets 0 0 0
-1.51 0.1 -0.22
[Abstract]
-1.51 0.1 -0.22
0 0 0
income
(assets)
(assets)
-1.51 0.1 -0.22
5.77 7.28 0.4 0.3
period
provision for retirment benefits provision for provision for
Description of other temporary differences and leave salary expected credit loss expected credit loss
122
Other temporary
differences 4 Other temporary differences 5 [Member]
[Axis]
[Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
0 0
directly to equity
Deferred tax assets 0 0
Deferred tax liabilities 74.66 74.66
Net deferred tax liability (assets) 0.52 74.66 74.66 103.66
[Abstract]
Net deferred tax assets 0 0
Net deferred tax liabilities 74.66 74.66
0 -29
[Abstract]
0 -29
0 0
components of other comprehensive 0 0
income
combinations, deferred tax liability 0 0
(assets)
of control of subsidiary, deferred 0 0
differences, deferred tax liability 0 0
(assets)
0 -29
0.52 74.66 74.66 103.66
period
provision for doubtful provision for doubtful
Description of other temporary differences debts debts
123

01/04/2020 01/04/2019
to to 31/03/2019
31/03/2021 31/03/2020
Disclosure of income tax [TextBlock]
Major components of tax expense (income) [Abstract]
Current tax expense (income) and adjustments for current tax of prior
periods [Abstract]
Current tax expense (income) 1,867.41 2,400
Total current tax expense (income) and adjustments for current tax
1,867.41 2,400
of prior periods
Total tax expense (income) 1,867.41 2,400
Current and deferred tax relating to items charged or credited directly
to equity [Abstract]
Deferred tax relating to items credited (charged) directly to equity 0 0
Disclosure of temporary difference, unused tax losses and unused tax
credits [TextBlock]
Disclosure of temporary difference, unused tax losses and unused tax
credits [Abstract]
Deferred tax assets 1,675.95 1,713.26
Deferred tax liabilities 82.15 80.73
Net deferred tax liability (assets) -1,593.8 -1,632.53 -2,299.12
Net deferred tax assets and liabilities [Abstract]
Net deferred tax assets -1,675.95 -1,713.26
Net deferred tax liabilities 82.15 80.73
Deferred tax expense (income) recognised in profit or loss 38.73 666.59
Reconciliation of changes in deferred tax liability (assets)
[Abstract]
Changes in deferred tax liability (assets) [Abstract]
Deferred tax expense (income) recognised in profit or loss 38.73 666.59
Deferred tax relating to items credited (charged) directly
0 0
to equity
Aggregated income tax relating to components of other
0 0
comprehensive income
Increase (decrease) through business combinations,
0 0
deferred tax liability (assets)
Increase (decrease) through loss of control of
0 0
subsidiary, deferred tax liability (assets)
Increase (decrease) through net exchange differences,
0 0
deferred tax liability (assets)
Total increase (decrease) in deferred tax liability (assets) 38.73 666.59
Deferred tax liability (assets) at end of period -1,593.8 -1,632.53 -2,299.12
Description of other temporary differences total total
Reconciliation of accounting profit multiplied by applicable tax rates
[Abstract]
Accounting profit 0 0
Other tax effects for reconciliation between accounting profit and tax
1,867.41 2,400
expense (income)
Total tax expense (income) 1,867.41 2,400
Reconciliation of average effective tax rate and applicable tax rate
[Abstract]
Accounting profit 0 0
[611000] Notes - Exploration for and evaluation of mineral resources

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of exploration and evaluation assets [TextBlock]
Whether there are any exploration and evaluation activities No No
124
[611900] Notes - Accounting for government grants and disclosure of government assistance
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of accounting for government grants and disclosure of government
assistance [TextBlock]
Whether company has received any government grant or government assistance No No
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
[401100] Notes - Subclassification and notes on liabilities and assets
Other non-current financial assets, others [Table] ..(1)

Classification of other non-current financial assets others [Axis] Column 1 Column 2
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Subclassification and notes on liabilities and assets
[Abstract]
Other non-current financial assets notes [Abstract]
Other non-current financial assets [Abstract]
Other non-current financial assets, others 16.74 16.74 0 7,119
Other non-current financial assets, others
[Abstract]
[Line items]
Fixed deposit
Fixed deposit having
Description other non-current financial having maturity
Security Deposit Security Deposit maturity more than
assets, others more than 12
12 months
months
Other non-current financial assets, others 16.74 16.74 0 7,119
Other non-current financial assets, others [Table] ..(2)

Classification of other non-current financial assets others [Axis] Column 3 Column 4
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Other non-current financial assets notes [Abstract]
Other non-current financial assets [Abstract]
Other non-current financial assets, others 0 211.09 3.47 3.69
[Abstract]
[Line items]
Description other non-current financial Interest accrued on Interest accrued on Advance to A d v a n c e to
assets, others fixed deposits fixed deposits Employee Employee
Other non-current financial assets, others 0 211.09 3.47 3.69
125
Other current financial liabilities, others [Table] ..(1)

Other current financial liabilities, others [Axis] Column 1 Column 2
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 55.94 13.93 1,417.41 1,189.8
Other current financial liabilities, others
[Abstract]
Other current financial liabilities, others
[Line items]
Description of other current financial Creditors for Creditors for Capital
Other payables Other payables
liabilities, others Capital expenditure expenditure
Other current financial liabilities,
55.94 13.93 1,417.41 1,189.8
others
Other non-current liabilities others [Table] ..(1)

Other non-current liabilities others [Axis] Column 1
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Subclassification and notes on liabilities and assets [Abstract]
Other non-current liabilities [Abstract]
Other non-current liabilities others 2 2
Other non-current liabilities others [Abstract]
Other non-current liabilities others [Line items]
Description of other non-current liabilities others Trade deposits Trade deposits
Other non-current liabilities others 2 2
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company inventories [Member] Raw materials [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 5,639.06 2,959.87 3,122.27 1,595.44
Goods in transit 0 0 0 0
Mode of valuation NA NA NA NA

Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Inventories 982.98 458.79 1,205.78 718.32
126

Classification of inventories [Axis] Stores and spares [Member] Other inventories [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Inventories 55.79 49.93 272.24 137.39
Packing material & Packing material &
Nature of other inventories Fuel Fuel

Classification of inventories [Axis] Other inventories, others [Member]
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Inventories 272.24 137.39
Goods in transit 0 0
Mode of valuation NA NA
Packing material & Packing material &
Nature of other inventories Fuel Fuel
Details of advances [Table] ..(1)

Classification based on current non-current [Axis] Non-current [Member]
Classification of advances [Axis] Advances [Member] Capital advances [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
01/04/2020 01/04/2019
31/03/2021 31/03/2020 to to
31/03/2021 31/03/2020
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 354.38 372.77 354.38 372.77
Nature of other advance capital advances capital advances
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Advance due by others 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director
127
Subclassification of trade receivables [Table] ..(1)

Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Classification of Unsecured
Classification of assets based on security
Classification of assets based on security [Axis] assets based on considered good
[Member]
security [Member] [Member]
31/03/2020 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line
items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 33.22 33.22 13,438.27 10,526.01
Allowance for bad and doubtful debts 0 0 298.24 297.81
Total trade receivables 33.22 33.22 13,140.03 10,228.2
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0
Trade receivables due by other officers 0
Trade receivables due by others 0
Total trade receivables due by
0
directors, other officers or 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
which any director is partner
Trade receivables due by private
companies in which any director is 0
director
Trade receivables due by private
companies in which any director is 0
member
Total trade receivables due by
firms or companies in which any 0
director is partner or director
Subclassification of trade receivables [Table] ..(2)

Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2021 31/03/2020
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 13,438.27 10,526.01
Allowance for bad and doubtful debts 298.24 297.81
Total trade receivables 13,140.03 10,228.2
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0 0
Total trade receivables due by directors, other officers or others 0 0
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Trade receivables due by firms in which any director is partner 0 0
Trade receivables due by private companies in which any director is director 0 0
Trade receivables due by private companies in which any director is member 0 0
Total trade receivables due by firms or companies in which any director
0 0
is partner or director
128
Other current financial assets others [Table] ..(1)

Other current financial assets others [Axis] Column 1 Column 2
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Other current financial assets [Abstract]
Other current financial assets others 22.64 19.98 423.81 111.94
Other current financial assets others [Abstract]
Other current financial assets others [Line
items]
Description other current financial assets Advance to A d v a n c e t o Accrued Interest on Accrued Interest on
others Employee Employee Fixed deposits Fixed deposits
Other current financial assets others 22.64 19.98 423.81 111.94
Other current financial assets others [Table] ..(2)

Other current financial assets others [Axis] Column 3
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Other current financial assets [Abstract]
Other current financial assets others 25.68 6.25
Other current financial assets others [Abstract]
Other current financial assets others [Line items]
Description other current financial assets others Other receivables Other receivables
Other current financial assets others 25.68 6.25
Disclosure of breakup of provisions [Table] ..(1)

Classification based on current
Classification based on current non-current [Axis] Non-current [Member]
non-current [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision leave encashment 28.17 22.94 22.03 17.78
Total provisions for employee benefits 28.17 22.94 22.03 17.78
Provision for corporate tax [Abstract]
Provision for wealth tax 0 0 0 0
Total provision for corporate tax 0 0 0 0
Provision for statutory liabilities 0 0 0 0
CSR expenditure provision 0 0 0 0
Other provisions 0 0 0 0
Total provisions 28.17 22.94 22.03 17.78
129
Disclosure of breakup of provisions [Table] ..(2)

31/03/2021 31/03/2020
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision leave encashment 6.14 5.16
Total provisions for employee benefits 6.14 5.16
Provision for corporate tax [Abstract]
Provision for wealth tax 0 0
Total provision for corporate tax 0 0
Provision for statutory liabilities 0 0
CSR expenditure provision 0 0
Other provisions 0 0
Total provisions 6.14 5.16
Other non-current assets, others [Table] ..(1)

Other non-current assets, others [Axis] Column 1 Column 2
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 7.17 6.45 31.22 29.22
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Description of other non-current assets,
Prepaid Expenses Prepaid Expenses Security Deposits Security Deposits
others
Other non-current assets, others 7.17 6.45 31.22 29.22
Other non-current assets, others [Table] ..(2)

Other non-current assets, others [Axis] Column 3
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 180.75 176.67
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Description of other non-current assets, others Other receivables Other receivables
Other non-current assets, others 180.75 176.67
Other current assets others [Table] ..(1)

Other current assets others [Axis] Column 1 Column 2
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others 56.03 29.09 382.58 277.42
Other current assets others [Abstract]
Other current assets others [Line items]
Description of other current assets others Prepaid Expenses Prepaid Expenses Export Entitlements Export Entitlements
130

Other current assets others [Axis] Column 3 Column 4
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Balance with Balance with Gratuity Fund Gratuity Fund Balance
Description of other current assets others Government Government Balance with with LIC (Refer Note no
Authorities Authorities LIC 36)

Other current assets others [Axis] Column 5
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Other current assets, others 24.51 10.69
Description of other current assets others Other receivables Other receivables
Other current assets, others 24.51 10.69
131

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Total other non-current financial assets 20.21 7,350.52
Advances, non-current 354.38 372.77
Total other non-current assets 573.52 585.11
Disclosure of notes on cash and bank balances explanatory [TextBlock]
Fixed deposits with banks 799 1,250
Other balances with banks 317.88 176.85
Total balance with banks 1,116.88 1,426.85
Cash on hand 1.24 1.36
Total cash and cash equivalents 1,118.12 1,428.21
Bank balance other than cash and cash equivalents 4,874.87 965.79
Total cash and bank balances 5,992.99 2,394
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 12 months maturity 0 0
Total other current financial assets 472.13 138.17
Advances, current 133.41 261.17
Total other current assets 988.49 1,223.62
Total other non-current liabilities 2 2
Current maturities of long-term debt 0 0
Interest accrued on borrowings 0 0
Interest accrued on public deposits 0 0
Interest accrued others 0 0
Unpaid dividends 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Debentures claimed but not paid 0 0
Public deposit payable, current 0 0
Total other current financial liabilities 1,473.35 1,203.73
Advance received from customers 106.26 183.33
Total other advance 106.26 183.33
Taxes payable other tax 212.09 170.62
Current liabilities portion of share application money pending
0 0
allotment
Total other payables, current 212.09 170.62
Total other current liabilities 318.35 353.95
132
[401200] Notes - Additional disclosures on balance sheet

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of additional balance sheet notes explanatory [TextBlock]
Additional balance sheet notes [Abstract]
Contingent liabilities and commitments [Abstract]
Classification of contingent liabilities [Abstract]
Total contingent liabilities 0 0
Total contingent liabilities and commitments 0 0
Details regarding dividends [Abstract]
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
Details of deposits [Abstract]
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
Details of share application money received and paid [Abstract]
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
Share application money received and due for refund 0 0
Details regarding cost records and cost audit[Abstract]
Details regarding cost records [Abstract]
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Net worth of company 0 0
Details of unclaimed liabilities [Abstract]
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Financial parameters balance sheet items [Abstract]
Investment in subsidiary companies 0 0
Investment in government companies 0 0
Amount due for transfer to investor education and protection fund
0 0
(IEPF)
Gross value of transactions with related parties 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
[611800] Notes - Revenue

01/04/2020
to
31/03/2021
Disclosure of revenue [TextBlock] [See below]
133
Disclosure of revenue [Text Block]
· Sale of goods
services.
Ø Insurance Claim
Ø Sale of scrap
· Other Income
reliably).
134
[612400] Notes - Service concession arrangements

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of service concession arrangements [TextBlock]
Whether there are any service concession arrangments No No
[612000] Notes - Construction contracts

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of notes on construction contracts [TextBlock]
Whether there are any construction contracts No No
135
[612600] Notes - Employee benefits
Disclosure of net defined benefit liability (assets) [Table] ..(1)

State defined
Defined benefit plans [Axis] Defined benefit plans [Member] benefit plans
[Member]
Present value of
defined benefit
Net defined benefit liability (assets) [Axis] Net defined benefit liability (assets) [Member]
obligation
[Member]
Defined benefit plans categories [Axis] Column 3 Column 1
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
Disclosure of net defined benefit liability
(assets) [Abstract]
(assets) [Line items]
Description of type of plan Gratuity Gratuity Gratuity
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
6.69 6.53 6.69
benefit liability (assets)
Interest expense (income), net defined
-1.74 -2.32 10.04
Gain (loss) on remeasurement, net
defined benefit liability (assets)
[Abstract]
Actuarial losses (gains) arising from
changes in demographic assumptions,
0 -3.14 0
net defined benefit liability
(assets)
changes in financial assumptions, net -3.21 -5.52 -3.21
Loss (gain) on changes in effect of
limiting net defined benefit
assets to assets ceiling, net -1.89 6.49 -1.89
defined benefit liability
(assets)
Total loss (gain) on
remeasurement, net defined -5.1 -2.17 -5.1
Past service cost and gains (losses)
arising from settlements, net defined
benefit liability (assets) [Abstract]
Past service cost, net defined
0 0 0
Net past service cost and gains
(losses) arising from settlements,
0 0 0
(assets)
Contributions to plan, net defined
Contributions to plan by employer,
net defined benefit liability 29.51 2.75 0
(assets)
Total contributions to plan, net
29.51 2.75 0
Payments from plan, net defined benefit
liability (assets)
Payments in respect of
settlements, net defined benefit 0 0 0
liability (assets)
changes, net defined benefit -0.96 0.96 -2.79
liability (assets)
Total increase (decrease) in net
-20.42 4.59 19.04
Net defined benefit liability (assets) at
-45.98 -25.56 -30.15 166.28
end of period
136

Defined benefit plans [Axis] State defined benefit plans [Member]
Present value of defined benefit
Net defined benefit liability (assets) [Axis] Plan assets [Member]
obligation [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
(assets) [Abstract]
(assets) [Line items]
Description of type of plan Gratuity Gratuity Gratuity
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
6.53 0 0
Interest expense (income), net defined
10.06 11.78 12.38
Gain (loss) on remeasurement, net
[Abstract]
changes in demographic assumptions,
-3.14 0 0
(assets)
changes in financial assumptions, net -5.52 0 0
Loss (gain) on changes in effect of
limiting net defined benefit
assets to assets ceiling, net 6.49 0 0
defined benefit liability
(assets)
Total loss (gain) on
remeasurement, net defined -2.17 0 0
Past service cost and gains (losses)
arising from settlements, net defined
Past service cost, net defined
0 0 0
Net past service cost and gains
(losses) arising from settlements,
0 0 0
(assets)
Contributions to plan, net defined
Contributions to plan by employer,
net defined benefit liability 0 -29.51 -2.75
(assets)
Total contributions to plan, net
0 -29.51 -2.75
Payments from plan, net defined benefit
liability (assets)
Payments in respect of
settlements, net defined benefit 0 0 0
liability (assets)
changes, net defined benefit -2.4 -1.83 -3.36
liability (assets)
Total increase (decrease) in net
16.36 39.46 11.77
Net defined benefit liability (assets) at
147.24 130.88 212.26 172.8
end of period
137

State defined
Defined benefit plans [Axis] benefit plans
[Member]
Plan assets
Net defined benefit liability (assets) [Axis]
[Member]
Defined benefit plans categories [Axis] Column 2
31/03/2019
Disclosure of net defined benefit liability (assets) [Abstract]
Disclosure of net defined benefit liability (assets) [Line items]
Net defined benefit liability (assets) at end of period 161.03
Disclosure of defined benefit plans [Table] ..(1)

Defined benefit plans [Axis] Defined benefit plans [Member] State defined benefit plans [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of defined benefit plans [Abstract]
Disclosure of defined benefit plans [Line items]
Description of type of plan Gratuity Gratuity Gratuity Gratuity
Description of nature of benefits provided
Gratuity Gratuity Gratuity Gratuity
by plan
Description of regulatory framework in Payment of Gratuity Payment of Gratuity Payment of Payment of Gratuity
which plan operates Act 1972 Act 1972 Gratuity Act 1972 Act 1972
Description of effect of regulatory Payment of Gratuity Payment of Gratuity Payment of Payment of Gratuity
framework on plan Act 1972 Act 1972 Gratuity Act 1972 Act 1972
Description of any other entity's
NA NA NA NA
responsibilities for governance of plan
Description of risks to which plan exposes
NA NA NA NA
entity
Description of significant concentrations
NA NA NA NA
of risk related to plan
Description of plan amendments, curtailments
NA NA NA NA
and settlements
Surplus (deficit) in plan [Abstract]
Defined benefit obligation, at present value 166.28 147.24 166.28 147.24
Plan assets, at fair value 212.26 172.8 212.26 172.8
Net surplus (deficit) in plan 45.98 25.56 45.98 25.56
Description of link between reimbursement
NA NA NA NA
right and related obligation
Actuarial assumption of discount rates 6.44% 6.82% 6.44% 6.82%
Actuarial assumption of expected rates of
6.44% 6.82% 6.44% 6.82%
salary increases
Other material actuarial assumptions 6.44 6.82 6.44 6.82

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of employee benefits [TextBlock]
Disclosure of defined benefit plans [TextBlock]
Whether there are any defined benefit plans Yes Yes
Disclosure of net defined benefit liability (assets) [TextBlock]
[612800] Notes - Borrowing costs

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of borrowing costs [TextBlock]
Whether any borrowing costs has been capitalised during the year No No
138
[612200] Notes - Leases

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of leases [TextBlock]
Whether company has entered into any lease agreement No No
Disclosure of recognised finance lease as assets by lessee [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa
[612300] Notes - Transactions involving legal form of lease

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of arrangements involving legal form of lease [TextBlock]
Whether there are any arrangements involving legal form of lease No No
[612900] Notes - Insurance contracts

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of insurance contracts [TextBlock]
Whether there are any insurance contracts as per Ind AS 104 No No
[613100] Notes - Effects of changes in foreign exchange rates

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of effect of changes in foreign exchange rates [TextBlock]
Whether there is any change in functional currency during the year No No
Description of presentation currency INR
[500100] Notes - Subclassification and notes on income and expenses
Miscellaneous other operating revenues [Table] ..(1)

Miscellaneous other operating revenues [Axis] Column 1
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 389.89 502.59
Miscellaneous other operating revenues [Abstract]
Miscellaneous other operating revenues [LineItems]
Miscellaneous
Miscellaneous Other
Description of miscellaneous other operating revenues Other operating
operating revenues
revenues
139

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 52,038.61 49,156.51
Revenue from sale of services 0 0
Other operating revenues 389.89 502.59
Other operating revenues 389.89 502.59
Total revenue from operations other than finance company 52,428.5 49,659.1
Total revenue from operations 52,428.5 49,659.1
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Total other operating revenues 389.89 502.59
Total other operating revenues 389.89 502.59
Miscellaneous other operating revenues [Abstract]
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 499.71 910.73
Total interest income on current investments 499.71 910.73
Total interest income 499.71 910.73
Dividend income [Abstract]
Dividend income non-current investments [Abstract]
Dividend income non-current investments from subsidiaries 0.01 0.29
Total dividend income non-current investments 0.01 0.29
Total dividend income 0.01 0.29
Other non-operating income [Abstract]
Net gain (loss) on foreign currency fluctuations treated as other
income [Abstract]
Net gain (loss) on foreign currency translation 122.7 0.57
Total net gain/loss on foreign currency fluctuations treated as
122.7 0.57
other income
Miscellaneous other non-operating income 87.03 183.89
Total other non-operating income 209.73 184.46
Total other income 709.45 1,095.48
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Other interest charges 84.5 134.25
Total interest expense 84.5 134.25
Other borrowing costs 193.82 138.04
Total finance costs 278.32 272.29
Employee benefit expense [Abstract]
Salaries and wages 0 0
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 63.25 63.88
Total contribution to provident and other funds 63.25 63.88
Gratuity 4.95 4.47
Staff welfare expense 5,296.68 4,777.84
Total employee benefit expense 5,364.88 4,846.19
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 960.88 945.72
Total depreciation, depletion and amortisation expense 960.88 945.72
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 227.6 202.04
Power and fuel 3,131.48 2,899.61
Rent 0 0.67
Repairs to building 0 0
Repairs to machinery 828.09 1,117.75
Insurance 11.01 11.16
Rates and taxes excluding taxes on income [Abstract]
140
Excise duty 0 0
Other cess taxes 14.18 6.72
Total rates and taxes excluding taxes on income 14.18 6.72
Legal professional charges 21.71 31.72
Directors sitting fees 0 0
Donations subscriptions 2 0.4
Commission paid other selling agents 85.13 63.82
Cost repairs maintenance other assets 6.15 4.25
Cost transportation [Abstract]
Cost freight 6,335.03 5,598.97
Total cost transportation 6,335.03 5,598.97
Loss on disposal of intangible Assets 0 0
Loss on disposal, discard, demolishment and destruction of
0 0
depreciable property plant and equipment
Payments to auditor [Abstract]
Payment for audit services 7.7 5.2
Total payments to auditor 7.7 5.2
CSR expenditure 226.8 168.54
Miscellaneous expenses 2,901.28 2,792.14
Total other expenses 13,798.16 12,902.99
Current tax [Abstract]
Current tax pertaining to previous years -109.45 -4.51
Current tax pertaining to current year 1,867.41 2,400
Total current tax 1,757.96 2,395.49
[613200] Notes - Cash flow statement

01/04/2020 01/04/2019
to to 31/03/2019
31/03/2021 31/03/2020
Disclosure of cash flow statement [TextBlock]
Cash and cash equivalents cash flow statement 1,118.12 1,428.21 4,236.18
Cash and cash equivalents 1,118.12 1,428.21
Income taxes paid (refund), classified as operating activities 1,749.96 2,937.53
Total income taxes paid (refund) 1,749.96 2,937.53
[500200] Notes - Additional information statement of profit and loss

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Additional information on profit and loss account explanatory [TextBlock]
Other Comprehensive income, attributable to non-controlling interests 0 0
Share of other comprehensive income of associates
and joint ventures accounted for using equity
0 0
method that will not be reclassified to profit or
loss, before tax
Changes in inventories of finished goods -487.45 -229.73
Changes in inventories of work-in-progress -524.19 369.44
Total changes in inventories of finished goods, work-in-progress and
-1,011.64 139.71
stock-in-trade
Domestic sale traded goods 52,038.61 49,156.51
Total domestic turnover goods, gross 52,038.61 49,156.51
Total revenue from sale of products 52,038.61 49,156.51
Total revenue from sale of services 0 0
Gross value of transaction with related parties 0 0
Bad debts of related parties 0 0
141
[611200] Notes - Fair value measurement
Disclosure of fair value measurement of assets [Table] ..(1)

Measurement [Axis] At fair value [Member]
Classes of assets [Axis] Other assets [Member]
Level 2 of fair
Levels of fair value hierarchy [Axis] Level 1 of fair value hierarchy [Member] value hierarchy
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
Disclosure of fair value measurement of assets
[Abstract]
[Line items]
Assets 12.61 6.66 6.78 0
Investment in
Nature of other assets Equity Instruments Equity Instruments
debenture
Description of valuation techniques used in NAV as on the reporting NAV as on the reporting NAV as on the
fair value measurement, assets date date reporting date
Reconciliation of changes in fair value
measurement, assets [Abstract]
Changes in fair value measurement, assets
[Abstract]
Transfers into Level 3 of fair value
5.95 -0.12 -559.82
hierarchy, assets
Total increase (decrease) in fair value
5.95 -0.12 -559.82
measurement, assets
Assets at end of period 12.61 6.66 6.78 0
Description of line items in profit or loss
where gains (losses) are recognised, fair NA NA NA
value measurement, assets
Description of line items in other
comprehensive income where gains (losses) are NA NA NA
recognised, fair value measurement, assets
Description of reasons for transfers into
NA NA NA
Level 3 of fair value hierarchy, assets
Description of valuation processes used in NAV as on the reporting NAV as on the reporting Quoted value in
fair value measurement, assets date date active marketsv
Investment in
debenture
142

Level 2 of fair value hierarchy Level 3 of fair value hierarchy
Levels of fair value hierarchy [Axis]
[Member] [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
[Abstract]
[Line items]
Assets 559.82 500 0.2 0.22
Nature of other assets Investment in debenture Investment in LLP Investment in LLP
Description of valuation techniques used in NAV as on the NAV as on the
NAV as on the reporting date
fair value measurement, assets reporting date reporting date
[Abstract]
59.82 -0.02 0
hierarchy, assets
59.82 -0.02 0
measurement, assets
Assets at end of period 559.82 500 0.2 0.22
NA NA NA
Description of valuation processes used in Quoted value in active NAV as on the NAV as on the
fair value measurement, assets marketsv reporting date reporting date
Nature of other assets Investment in debenture Investment in LLP Investment in LLP
143

Other assets
Classes of assets [Axis] Other assets 1 [Member]
[Member]
Level 3 of fair
Levels of fair value hierarchy [Axis] value hierarchy Level 1 of fair value hierarchy [Member]
[Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
[Abstract]
[Line items]
Assets 0.22 12.61 6.66 6.78
Description of valuation techniques used in NAV as on the reporting NAV as on the reporting
fair value measurement, assets date date
[Abstract]
5.95 -0.12
hierarchy, assets
5.95 -0.12
measurement, assets
Assets at end of period 0.22 12.61 6.66 6.78
where gains (losses) are recognised, fair NA NA
comprehensive income where gains (losses) are NA NA
NA NA
Description of valuation processes used in NAV as on the reporting NAV as on the reporting
144

Other assets 3
[Member]
Level 3 of fair
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
[Abstract]
[Line items]
Assets 0 559.82 500 0.2
Nature of other assets Investment in debenture Investment in debenture Investment in LLP
[Abstract]
-559.82 59.82 -0.02
hierarchy, assets
-559.82 59.82 -0.02
measurement, assets
Assets at end of period 0 559.82 500 0.2
NA NA NA
Description of valuation processes used in Quoted value in active Quoted value in active NAV as on the
fair value measurement, assets markets markets reporting date
Nature of other assets Investment in debenture Investment in debenture Investment in LLP
145

Non-recurring fair value measurement
[Member]
Classes of assets [Axis] Other assets 3 [Member] Other assets [Member]
[Member] [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
[Abstract]
[Line items]
Assets 0.22 0.22 12.61 6.66
Nature of other assets Investment in LLP Equity Instruments Equity Instruments
Description of valuation techniques used in NAV as on the reporting NAV as on the NAV as on the
fair value measurement, assets date reporting date reporting date
[Abstract]
0 5.95 -0.12
hierarchy, assets
0 5.95 -0.12
measurement, assets
NA NA NA
Description of valuation processes used in NAV as on the reporting Quoted value in Quoted value in
fair value measurement, assets date active markets active markets
Nature of other assets Investment in LLP Equity Instruments Equity Instruments
146

Measurement [Axis] Non-recurring fair value measurement [Member]
Level 1 of fair
[Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
[Abstract]
[Line items]
Assets 6.78 0 559.82 500
Nature of other assets Investment in debenture Investment in debenture
[Abstract]
-559.82 59.82
hierarchy, assets
-559.82 59.82
measurement, assets
Assets at end of period 6.78 0 559.82 500
NA NA
Description of valuation processes used in Quoted value in active Quoted value in active
fair value measurement, assets markets markets
Nature of other assets Investment in debenture Investment in debenture
147

Other assets 1
[Member]
Level 1 of fair
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
[Abstract]
[Line items]
Assets 0.2 0.22 0.22 12.61
Nature of other assets Investment in LLP Investment in LLP Equity Instruments
[Abstract]
-0.02 0 5.95
hierarchy, assets
-0.02 0 5.95
measurement, assets
NA NA NA
Description of valuation processes used in NAV as on the reporting NAV as on the reporting Quoted value in
fair value measurement, assets date date active markets
Nature of other assets Investment in LLP Investment in LLP Equity Instruments
148

Classes of assets [Axis] Other assets 1 [Member] Other assets 2 [Member]
[Member] [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
[Abstract]
[Line items]
Assets 6.66 6.78 0 559.82
Investment in Investment in
Nature of other assets Equity Instruments
debenture debenture
Description of valuation techniques used in NAV as on the NAV as on the
NAV as on the reporting date
fair value measurement, assets reporting date reporting date
[Abstract]
-0.12 -559.82 59.82
hierarchy, assets
-0.12 -559.82 59.82
measurement, assets
Assets at end of period 6.66 6.78 0 559.82
NA NA NA
Description of valuation processes used in Quoted value in active Quoted value in Quoted value in
fair value measurement, assets markets active markets active markets
Investment in Investment in
Nature of other assets Equity Instruments
debenture debenture
149

Other assets 2
[Member]
Level 2 of fair
[Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
[Abstract]
[Line items]
Assets 500 0.2 0.22 0.22
Nature of other assets Investment in LLP Investment in LLP
[Abstract]
-0.02 0
hierarchy, assets
-0.02 0
measurement, assets
Assets at end of period 500 0.2 0.22 0.22
NA NA
Description of valuation processes used in NAV as on the reporting NAV as on the reporting
Nature of other assets Investment in LLP Investment in LLP

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of fair value measurement [TextBlock]
Disclosure of fair value measurement of assets [TextBlock]
Whether assets have been measured at fair value No No
Disclosure of fair value measurement of liabilities [TextBlock]
Whether liabilities have been measured at fair value No No
Disclosure of fair value measurement of equity [TextBlock]
Whether equity have been measured at fair value No No
Disclosure of significant unobservable inputs used in fair value
measurement of assets [TextBlock]
[613300] Notes - Operating segments

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of entity's operating segments [TextBlock]
Disclosure of reportable segments [TextBlock]
Whether there are any reportable segments No No
Disclosure of major customers [TextBlock]
Whether there are any major customers No No
150
[610700] Notes - Business combinations

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of business combinations [TextBlock]
Whether there is any business combination No No
Disclosure of reconciliation of changes in goodwill [TextBlock]
Whether there is any goodwill arising out of business combination No No
Disclosure of acquired receivables [TextBlock]
Whether there are any acquired receivables from business combination No No
Disclosure of contingent liabilities in business combination [TextBlock]
Whether there are any contingent liabilities in business combination No No
[611500] Notes - Interests in other entities

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of interests in other entities [TextBlock]
Disclosure of interests in subsidiaries [TextBlock]
Disclosure of subsidiaries [TextBlock]
Whether company has subsidiary companies No No
Whether company has subsidiary companies which are yet to commence
No No
operations
Whether company has subsidiary companies liquidated or sold during
No No
year
Disclosure of interests in associates [TextBlock]
Disclosure of associates [TextBlock]
Whether company has invested in associates No No
Whether company has associates which are yet to commence operations No No
Whether company has associates liquidated or sold during year No No
Disclosure of interests in joint arrangements [TextBlock]
Disclosure of joint ventures [TextBlock]
Whether company has invested in joint ventures No No
Whether company has joint ventures which are yet to commence
No No
operations
Whether company has joint ventures liquidated or sold during year No No
Disclosure of interests in unconsolidated structured entities [TextBlock]
Disclosure of unconsolidated structured entities [TextBlock]
Whether there are unconsolidated structured entities No No
Disclosure of investment entities [TextBlock]
Disclosure of information about unconsolidated subsidiaries [TextBlock]
Whether there are unconsolidated subsidiaries No No
Disclosure of information about unconsolidated structured entities
controlled by investment entity [TextBlock]
Whether there are unconsolidated structured entities controlled by
No No
investment entity
[613400] Notes - Consolidated Financial Statements

01/04/2020
to
31/03/2021
Disclosure of notes on consolidated financial statements explanatory
[TextBlock]
Whether consolidated financial statements is applicable on company No
151
[610800] Notes - Related party
Disclosure of transactions between related parties [Table] ..(1)

Categories of related parties [Axis] Key management personnel of entity or parent [Member]
Related party [Axis] Column 1 Column 2
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Name of related party Jiten J Shah Jiten j Shah Bhavesh V Shah Bhavesh V Shah
related party
Permanent account number of related party AAOPS2534F AAOPS2534F AQMPS2951C AQMPS2951C
Description of nature of transactions with
Remuneration Remuneration Remuneration Remuneration
related party
Description of nature of related party
Director Director Wholetime Director Wholetime Director
relationship
Related party transactions [Abstract]
Other related party transactions expense 185.11 171.31 386.4 322.44
Other related party transactions income 0 0 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 9.38 144.07 19.42 252.48

Categories of related parties [Axis] Key management personnel of entity or parent [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Name of related party Bimal V Shah Bimal V Shah Harsh Pannalal Harsh Pannalal
related party
Permanent account number of related party AAYPS4825R AAYPS4825R AADPP1218N AADPP1218N
related party
Description of nature of related party Director( Up to Director( Up to
Wholetime Director Wholetime Director
relationship January 31,2020) January 31,2020)
Other related party transactions expense 384 320.44 0 0
Amounts payable related party transactions 19.32 250.08 0 10
152

Key management personnel of entity or
Categories of related parties [Axis] Other related parties [Member]
parent [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Panambur Panambur
Name of related party Radhakrishna Rao Radhakrishna Rao
Alay J Shah Alay J Shah

related party
Permanent account number of related party ABCPR2927E ABCPR2927E AAJPS7695C AAJPS7695C
related party
Additional Director Additional Director Relative of KMP Relative of KMP
relationship
Other related party transactions expense 59.6 54.8 74.21 73.73
Amounts payable related party transactions 3.12 6.96 1.91 50.81

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
ISC Speciality ISC Speciality
Name of related party Virendra P Shah Virendra P Shah
Chemicals LLP Chemicals LLP
related party
Permanent account number of related party AAYPS4785J AAYPS4785J AAGFI7779A AAGFI7779A
Remuneration Remuneration share of loss in LLP share of loss in LLP
related party
Relative of KMP Relative of KMP NA NA
relationship
Other related party transactions expense 648 620.16 0 0
Other related party transactions income 0 0 -0.02 0
Amounts payable related party transactions 31.12 550.2 0 0
153

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Popatlal
Popatlal Bhikachand Shantilal Shah Shantilal Shah Shubh
Name of related party Bhikachand
Charitable Trust Shubh Trust Trust
Charitable Trust
related party
Permanent account number of related party AACTP6645A AACTP6645A AABTS6793B AABTS6793B
Description of nature of transactions with Contribution for Contribution for CSR Contribution for Contribution for CSR
related party CSR activities activities CSR activities activities
NA NA NA NA
relationship
Other related party transactions expense 67 64 33.5 33
Amounts payable related party transactions 0 0 0 0

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of related party [TextBlock]
Whether there are any related party transactions during year Yes Yes
Disclosure of transactions between related parties [TextBlock]
Whether entity applies exemption in Ind AS 24.25 No No
[611700] Notes - Other provisions, contingent liabilities and contingent assets
Disclosure of other provisions [Table] ..(1)

Classes of other provisions [Axis] Other provisions [Member]
31/03/2021 31/03/2020
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions [Abstract]
Other provisions at end of period 0 0

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of other provisions, contingent liabilities and contingent assets
[TextBlock]
Disclosure of other provisions [TextBlock]
Disclosure of contingent liabilities [TextBlock]
Whether there are any contingent liabilities No No
154
[610500] Notes - Events after reporting period

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of events after reporting period [TextBlock]
Disclosure of non-adjusting events after reporting period [TextBlock]
Whether there are non adjusting events after reporting period No No
[612500] Notes - Share-based payment arrangements

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of share-based payment arrangements [TextBlock]
Whether there are any share based payment arrangement No No
Disclosure of number and weighted average exercise prices of other equity
instruments [TextBlock]
Number of other equity instruments outstanding in share based payment
arrangement [Abstract]
Number of other equity instruments granted in share-based payment
[pure] 0 [pure] 0
arrangement
Total changes of number of other equity instruments outstanding
[pure] 0 [pure] 0
in share-based payment arrangement
Disclosure of indirect measurement of fair value of goods or
services received, other equity instruments granted during
period [TextBlock]
Number of other equity instruments granted in share-based payment
[pure] 0 [pure] 0
arrangement
[613000] Notes - Earnings per share

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of earnings per share [TextBlock]
Basic earnings (loss) per share from continuing operations [INR/shares] 1,940.78 [INR/shares] 2,068.94
Total basic earnings (loss) per share [INR/shares] 1,940.78 [INR/shares] 2,068.94
Diluted earnings (loss) per share from continuing operations [INR/shares] 1,940.78 [INR/shares] 2,068.94
Total diluted earnings (loss) per share [INR/shares] 1,940.78 [INR/shares] 2,068.94
Profit (loss), attributable to ordinary equity holders of parent entity
[Abstract]
Profit (loss), attributable to ordinary equity holders of parent entity 0 0
Profit (loss), attributable to ordinary equity holders of parent
0 0
entity including dilutive effects
Weighted average shares and adjusted weighted average shares [Abstract]
Weighted average number of ordinary shares outstanding [shares] 2,79,801 [shares] 3,61,991
155
[610900] Notes - First time adoption

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of first-time adoption [TextBlock]
Whether company has adopted Ind AS first time No No
Disclosure of reconciliation of equity from previous GAAP to Ind AS
[TextBlock]
Equity as per Indian GAAP 0 0
Equity as per Ind AS 0 0
Disclosure of reconciliation of comprehensive income from previous GAAP
to Ind AS [TextBlock]
Comprehensive income as per Indian GAAP 0 0
Comprehensive income as per Ind AS 0 0
Disclosure of reconciliation of profit (loss) for the period from
previous GAAP to Ind AS [TextBlock]
Profit (loss) for the period as per Indian GAAP 0 0
Profit (loss) for the period as per Ind AS 0 0
156

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INDUSTRIAL SOLVENTS AND CHEMICALS PRIVATE LIMITED

Consolidated Financial Statements for period 01/04/2020 to 31/03/2021

[700300] Disclosure of general information about company

[700400] Disclosures - Auditors report

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR

Textual information (1)

Disclosure in auditor’s report explanatory [Text Block]

Industrial Solvents and Chemicals Private Limited

Report on the Audit of the Consolidated Financial Statements

2. Basis for Opinion

Our opinion is not modified in respect of these matters.

of assurance / conclusion thereon.

4. Management’s Responsibility for the Consolidated Financial Statements

5. Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements

7. Report on Other Legal and Regulatory Requirements

For D N V & Co.

Firm’s registration No.: 102079W

Membership No.: 100583

Date: November 22, 2021

[110000] Balance sheet

[210000] Statement of profit and loss

Earnings per share [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR

Other Comprehensive income, attributable to non-controlling

[210000a] Statement of profit and loss

[400200] Statement of changes in equity

Statement of changes in equity [Table] ..(1)

Increase (decrease) through other changes,

Statement of changes in equity [Table] ..(2)

Total other changes in equity -9,531.76 -9,321.63 -9,579.7

Statement of changes in equity [Table] ..(3)

Total other changes in equity -12.04 -2.77

Statement of changes in equity [Table] ..(4)

Statement of changes in equity [Table] ..(5)

Statement of changes in equity [Table] ..(6)

Statement of changes in equity [Table] ..(7)

Other changes in equity, others 0 0 -49.97

Statement of changes in equity [Table] ..(8)

Total other changes in equity 47.94 -49.97 47.94

Statement of changes in equity [Table] ..(9)

[320000] Cash flow statement, indirect

[610100] Notes - List of accounting policies

Textual information (2)

Disclosure of significant accounting policies [Text Block]

2. Significant Accounting Policies

Ø Functional and presentation currency and Rounding off of the amounts:

Ø Current versus non-current classification

· Expected to be realized or intended to be sold or consumed in normal operating cycle;

· Held primarily for purpose of trading;

· Expected to be realized within twelve months after the reporting period; or

All other assets are classified as non-current.

All liabilities are current when:

· It is expected to be settled in normal operating cycle;

· It is held primarily for the purpose of trading;

· It is due to be settled within twelve months after the reporting period; or

All other liabilities are classified as non-current.

· Revenue from contracts with customers:

· Other Operating Revenue