Religare Annual Report 2018 19 PDF

Contents
Company Information 2-5
Our Businesses
Lending 8
Health Insurance 9
Retail Broking 9
Board of Directors 10-13
Awards and Recognitions 14-17
Financial Declaration
Directors’ Report 20-61
Management Discussion and Analysis 62-71
Report on Corporate Governance 72-109
Consolidated Financials
Auditors’ Report 112-120
Balance Sheet 121-122
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Statement of Changes in Equity 125-126
Cash Flow Statement 127-128
Notes forming part of the Financial Statements 129-236
Form AOC-1 237-239
Standalone Financials
Auditors’ Report 242-250
Balance Sheet 251
Statement of Changes in Equity 253-254
Cash Flow Statement 255-256
Notes forming part of the Financial Statements 257-338
Annual Report 2018-19 1

4 Religare Enterprises Limited
Company Information
BOARD OF DIRECTORS : Dr. Rashmi Saluja (Non-Executive Independent Chairperson)
Mr. Siddharth Dinesh Mehta

(Non-Executive Non-Independent Vice-Chairperson)
Ms. Vijayalakshmi Rajaram Iyer (Independent Director)
Ms. Sabina Vaisoha (Independent Director)
Mr. Sushil Chandra Tripathi (Independent Director)
Mr. Malay Kumar Sinha (Independent Director)
CHIEF FINANCIAL OFFICER : Mr. Ashish Tyagi (Interim CFO)
COMPANY SECRETARY : Ms. Reena Jayara
REGISTERED OFFICE : 2nd Floor, Rajlok Building,

24, Nehru Place,
New Delhi - 110019
CIN NO : L74899DL1984PLC146935
Phone : +91-11-4627 2400
Fax No. : +91-11-4627 2447
E-mail : investorservices@religare.com
Website : www.religare.com
BANKERS TO THE COMPANY : HDFC Bank Limited

Axis Bank Limited
AUDITORS : M/s. S.S. Kothari Mehta & Co,

Chartered Accountants
Plot No. 68, Okhla Industrial Area,
Phase-III, New Delhi - 110020
REGISTRAR & SHARE : Karvey Fintech Private Limited

TRANSFER AGENT Karvy Selenium Tower B,
Plot 31-32, Gachibowli, Financial District,
Nanakramguda, Hyderabad - 500032

Our Businesses
Religare Enterprises Limited (REL) is a Core Investment Company registered with the Reserve Bank of India.
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operating businesses are housed in subsidiaries and have independent management teams to conduct their day-
to-day operations. REL has provided the operating companies with the requisite capital, governance structures, risk
management mechanisms and oversight, and helped the operating businesses attain critical scale.
REL has a three-fold role to play in ensuring the success of the businesses:
1. Allocating CapitalDNH\IDFWRULQSURGXFWLRQIRUDQ\HQWHUSULVHDQGLQGHHGWKHUDZPDWHULDOIRU¿QDQFLDO
services businesses – to the operating companies
2. Determining Governance Structures and Risk Management & Control mechanisms - such that there are
checks and balances at every level and the businesses are safeguarded
3. Undertaking Performance Management - to ensure the capital invested is being deployed in a manner that
furthers REL’s ultimate objective
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LENDING - SME
Religare Finvest Limited (RFL) is our SME lending arm. RFL is registered with RBI as a non-deposit taking,
systemically important Non-Banking Financial Company (NBFC-ND-SI). RFL is focused on providing debt capital
to Small and Medium Enterprises (SMEs) to enable them to enhance their productive capacity and throughput. It
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have been tailor-made to suit the unique requirements of this sector and comprise:
¾SME-Secured Product: Enables customers to obtain loans against their residential or commercial property
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businessmen and professionals
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SME units tend to be concentrated in clusters in or around large cities to take advantage of the infrastructure and
ancillary services that are available at such clusters. RFL has systematically built its branch network to cover all
these locations. As at March 31, 2019, RFL’s network comprised of 30 branches across 13 states and 1 union
territory. In addition, RFL conducts business in clusters that are in proximity of those where it has a branch using
the hub-and-spoke model and in this manner services markets where it does not have a branch presence. RFL
has developed robust and comprehensive infrastructure to ensure that all critical processes (credit assessment,
risk management, collections and recoveries) are performed in-house and has built best-in-class infrastructure to
support its business operations.
Due to past legal challenges with certain borrowers (entangled arrangement with Promoters), RFL’s operations are
under RBI’s corrective action plan with restriction on fresh loans.
As of March 31, 2019, RFL has made provisions on its entire Corporate Loan Book of ` 2037 Crores. From April
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made to raise capital at group and subsidiary level.
LENDING - AFFORDABLE HOUSING

+RXVLQJ¿QDQFHLV,QGLD¶VPRVWUHVLOLHQWVHFWRUDQGQHHGV&URUHXQLWVDQG` 10 Lakh Crores investment by year
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strategically placed company equipped to leverage this requirement. It is a registered HFC (Non-deposit taking)
with a SARFAESI License. The company focuses on providing loans for acquisition, construction and repair of

Our Businesses
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operations since it became a part of the Religare group in year 2009.
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understand inventory, migration and pricing trends. The ability to assess the credit worthiness of potential borrowers
is crucial for succeeding in this segment; robust credit assessment processes position RHDFC extremely well to
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following ‘Closer to Customer’ strategy to have a better outreach with the customers.
HEALTH INSURANCE
,QGLDQKHDOWKLQVXUDQFHPDUNHWLVDJURZLQJPDUNHWDQGUHJLVWHUHGDPDUNHWVL]HRI` 50,891 Crores in FY 18-19,
up by 18.3% from last year. Out of all health insurance service providers in India, that is Public Sector Institutions,
Private Institutions and Stand-alone insurers, Public Sector institutions have the lion’s share having 53% of the
market share and Private and Stand-alone insurers stand at par with each other with respect to market share. Though
in terms of retail policies, Stand Alone Health Insurance Companies (SAHI) have the biggest share of 44%. Our
company ‘Religare Health Insurance Company Limited’ (RHICL) is a SAHI and ranks number 6 overall and number
3 in GDP. RHICL commenced business in 2012 and currently has three major shareholders – Religare Enterprises
Limited, Union Bank of India and Corporation Bank. It is servicing over 700 locations across country with a network
of 110 plus branches and 9,450 plus hospitals. It has a product bouquet of 18 products encompassing group, travel,
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negotiating higher premiums & improves customer stickiness. It follows a multi-channel distribution strategy through
agency, brokers, corporate agents, online and bancassurance and its major focus is on retail and SME customers.
It boasts of an experienced management team with an average vintage of more than six years. Company has also
made deep investments in technology for comprehensive risk management & digital enablement of all transactions
and stakeholders. The company is highly customer centric with a low grievance rate of two complaints per 10,000
policies and has a claim settlement ratio of 93%. The combined ratio of the company stands at 97%. RHICL has
also won various awards like – ‘Best Claims Service Provider of the Year’, ‘Bancassurance Leader of the Year 2018’
by Insurance India Summit & Awards 2018, ‘India’s Most Preferred Travel Insurance’ by IMP Travel Brand Awards
2018, etc.
RETAIL BROKING
Religare Broking Limited (RBL) and its subsidiary Religare Commodities Limited (RCL), operates the Retail Broking
business of Religare. This business provides trading capabilities across all product segments – cash equities,
equity derivatives and currency derivatives – across all major stock and commodities exchanges in India. Religare
Broking is a well-established brand and has more than 1000 points of presence spanning over more than 400
towns across the length and breadth of India, servicing more than 1 million unique customers. RBL also provides
depository services and has established e-governance facilitation centers across the country.
RBL focusses on strong risk management and customer service and pursues relationships with limited, high
quality and credible franchise partners that have a strong track record from compliance & governance point of
view. The company provides multi-platform options such as Branch, Web, App, Call n Trade to enhance customer
convenience and ease. RBL has strong in-house research capabilities and also run Investor Education programs.
Our broking business follows a ‘No compromise on compliance culture’ and this has resulted in lower customer
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form of ‘Bancinvest partnerships’ with 11 banks such as Andhra Bank, Bank of Maharashtra, Corporation Bank,
Dhanlaxmi Bank Limited, IndusInd Bank Limited, etc.

Board of Directors
DR. RASHMI SALUJA

NON-EXECUTIVE INDEPENDENT CHAIRPERSON
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Chandiwala Medical Institute in Delhi.
Presently, she is a medical advisor to reach out programme of Sir Ganga Ram Hospital and Kolmet Ganga Ram
Hospital, Delhi. She is also an advisor to Ram Krishna Dharmarth Foundation (RKDF) University, Madhya Pradesh.
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foundation, which is involved in social and charitable activities especially in slum rehabilitation.
MR. SIDDHARTH DINESH MEHTA

NON-EXECUTIVE NON-INDEPENDENT VICE-CHAIRPERSON
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a career spanning over 19 years, of which he has spent 16 years investing in India.
Mr. Mehta has been a successful investor and has been credited with several notable investments over the years.
He previously also served as the Chairman of Sterling Holidays Ltd where he led the turnaround process and was
instrumental in its merger with Thomas Cook Ltd to create one of the largest travel and hospitality groups in the
Indian sub-continent.
He holds a bachelor’s degree in Business Management and Finance from King’s College, University of London.
MS. VIJAYALAKSHMI RAJARAM IYER

INDEPENDENT DIRECTOR
Ms. Vijayalakshmi Rajaram Iyer joined Insurance Regulatory and Development Authority of India (IRDAI) as Member
(Finance & Investments) on June 15, 2015 on a two year engagement till May 2017.
Prior to joining IRDAI, Ms. Iyer was the Chairperson and Managing Director of Bank of India which is among the
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control. The Bank has seen quantum growth in business during her tenure and the Bank turned out to be a leader
in the PSU banking space.
She started her career in Union Bank of India in December 1975. She has rich and varied exposure to branch
banking, having headed very large branches in Mumbai. She was instrumental for setting up the Risk Management
Department in 2000, inter alia, putting in place various Risk Policies, developing Risk measures and structuring the
reporting framework. In 2006-2007, she was responsible for bringing all the branches of Union Bank on a single
Core Banking platform and later on went to head both the IT and Risk Management Verticals of the Bank, as its
General Manager. She was also instrumental in the Bank expanding to Hong Kong, China and Dubai.
In September 2010, Ms. Iyer was elevated as Executive Director of Central Bank of India. During her tenure in
Central Bank, she oversaw Credit, HR, IT, Treasury, Risk Management, Credit Monitoring and Audit & Inspection.
She also spearheaded implementation of Core Banking in that Bank, as well as rolling out Alternate Delivery
Channels and other initiatives on the Technology front

Board of Directors
MS. SABINA VAISOHA

Ms. Sabina Vaisoha holds Bachelor’s degree in Arts from Punjab University. She has been associated with India’s
leading news network, New Delhi Television (NDTV) for over 18 years. During this period she has been a part of
some of the most revolutionary and cutting edge programming and national events like the Elections, Fiscal Budget
and Awards.
She is currently a consultant with Network 18 on Nationwide campaigns to spread awareness of important social
issues to bring about a change in society.
MR. SUSHIL CHANDRA TRIPATHI

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AIMA Dip in Management, began his professional career as an Asst. Prof of Physics in Allahabad University(1964-68).
He joined IAS in 1968 (2nd position in country) and retired from service on 31st Dec 2005.
He served in many positions in State Govt. of Uttar Pradesh and the Govt. of India during his long service career and
spent nearly twenty years in Finance and Industry sectors as Chief Executive/Head of Department or Secretary to Govt.
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1976-77, founder CEO of NOIDA township (1978-80), Managing Director Industrial & Investment Corporation of
UP(1980-85), Secretary in the dept. of Rural Development, Panchayatiraj & 20Pt. Programme(1985-86), Heavy
Industry, Taxation& Institutional Finance(1992-93) and Commissioner Agra Division(1993-94) before getting
elevated to Principal Secretary Industry(1994-95), Principal Secretary to Governor during President Rule(1995-96),
Adviser Industry & Finance(1996-97) and Principal Secretary Finance(1997-2000). In Govt. of India, he served as
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Economic & Commercial, Embassy of India, Tokyo (1989-92).
He later became Addl. Secretary, Mines (2000-02) and CMD BALCO (2000-01) as well as CMD, NALCO (2001-
02). He worked as Secretary to Govt. of India for nearly four years, two and half years in the departments of School
Education & Literacy and Higher & Technical Education and one and half year in Petroleum & Natural Gas. After
retirement, he is associated with a number of think tanks in Education, Energy, Economy and Governance. He is also
Independent Director on the Boards of several Public companies and Private Sector Companies. He has also been
Chairman, Board of Governors of two National Institutes of Technology, Calicut (2005-11) and Surathkal (2011-14).
He is a Fellow, Energy Institute, UK, Fellow, Institution of Electronics & Telecommunications Engineers, India, Life
Member Indian Institute of Public Administration, Member Computer Society of India, Professional Member All India
Management Association, Member Institute for Constitutional & Parliamentary Studies, Member, Indian Council for
Arbitration, and a Member of Supreme Court Bar Association.
MR. MALAY KUMAR SINHA

Mr. Malay Kumar Sinha has done his B.A. (Hons) and M.A. from Delhi University in Humanities and M. Phil from
Madras University in Strategic Studies.
He started his career as an Executive in TISCO, Jamshedpur and in 1981 joined the Indian Police Service. After
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LQWKH0LQLVWU\RI([WHUQDO$ႇDLUVDQG¿QDOO\DV6HFUHWDU\6HFXULW\&DELQHW6HFUHWDULDWRashtrapati Bhawan, from
where he superannuated in September 2016.
He is an alumnus of FBI National Academy, Quantico, Virginia, USA and National Defence College, New Delhi. As
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in 2011. He has been a keen sportsperson and was Secretary of All India Police Sports Control Board for several
years. He is a recipient of Police Medal for Meritorious Service and President’s Police Medal for Distinguished
Service.

Awards & Recognitions
Religare Health Insurance Co. Ltd. : ‘Best Health Insurance

Company of the Year’ – Emerging Asia Insurance Awards 2019
Religare Health Insurance Co. Ltd. : ‘India’s Most Preferred Health

Insurance Brand’ – India’s Most Preferred Smart City Brands 2018-19
Religare Health Insurance Co. Ltd. : ‘India’s Best Travel Insurance

Product’ – India Travel Awards 2018
Religare Health Insurance Co. Ltd. : ‘Health Insurance

Category Award’ – FICCI Healthcare Excellence Awards 2018
Religare Health Insurance Co. Ltd. : ‘Bancassurance Leader of the

Year’ – Insurance India Summit & Awards 2018

Awards & Recognitions
Religare Health Insurance Co. Ltd. : ‘Best Claims Service Provider

of the Year’ – Insurance India Summit & Awards 2018
Religare Health Insurance Co. Ltd. : ‘India’s Most Preferred Travel

Insurance Product’ for the Product – Explore by India’s Most Preferred
Travel & Tourism Brands 2018
Religare Health Insurance Co. Ltd. : ‘Skoch Award’ in the Micro

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Religare Commodities Ltd. : ‘Best Broking House – Bullion’

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Religare Broking Ltd. : ‘Regional Retail Member of the Year –

North’ - NSE Market Achievers Awards 2018

Directors’ Report
To,
The Members,
Religare Enterprises Limited
Your Directors have pleasure in presenting this 35th Annual Report on the business and operations of the Company
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STATE OF AFFAIRS OF THE COMPANY
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situation further deteriorated due to continuous negative media attention on the issues at the promoters’ level leading to serious
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came out with a Preferential Issue of convertible warrants and raised much needed funds to the tune of `FURUHVDSSUR[LQ
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and past management for investigation of various suspicious transactions involving fund movement from the Company and so
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leading to introduction of new strategic investors in the insurance vertical at a critical time when the Company had to infuse
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specially the current warrant holders whose timely intervention is of immense importance for the Company’s future alongwith the
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FINANCIAL RESULTS AND BUSINESS OPERATIONS
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Particulars )RUWKH¿QDQFLDO\HDU )RUWKH¿QDQFLDO\HDU
ended 2018-2019 ended 2017-2018
Standalone Consolidated Standalone Consolidated
(Audited) (Audited) (Audited) (Audited)
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3UR¿WEHIRUH7D[ (14,611.22) (150,344.25) (33,339.86) (140,719.90)
Exceptional Items -
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Income tax Expense/ (Credit) -
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Other Comprehensive Income 16.19 395.34 (10.87) (409.82)
7RWDO&RPSUHKHQVLYH,QFRPHIRUWKHSHULRG (14,595.03) (149,699.72) (32,636.03) (118,460.89)
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7RWDO&RPSUHKHQVLYH,QFRPH/RVVDIWHUWD[DQG (14,595.03) (128,351.86) (32,636.03) (104,864.78)
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MANAGEMENT DISCUSSION AND ANALYSIS REPORT
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SUBSIDIARIES & JOINT VENTURES
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DIN: 00207306 DIN: 08140223
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ACS No.: 32109
C P No.: 16276
Date: August 06, 2019
Place: New Delhi

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Ankit Singhi
Partner
ACS No.: 20642
C P No.: 16274

Place: New Delhi
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Ankit Singhi
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ACS No.: 20642
C P No.: 16274

Place: New Delhi

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3UR¿WEHIRUH7D[ (14,611.22) (150,344.25) (33,339.86) (140,719.90)
Exceptional Items -
3UR¿W/RVVEHIRUH7D[DIWHU
(14,611.22) (150,353.21) (33,339.86) (140,742.88)
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3UR¿WORVV$IWHU7D[ (14,611.22) (150,095.05) (32,625.16) (118,051.07)
Other comprehensive income 16.19 395.34 (10.87) (409.82)
7RWDO&RPSUHKHQVLYH,QFRPHIRUWKH
(14,595.03) (149,699.71) (32,636.03) (118,460.89)
period
/HVV6KDUHRI1RQ&RQWUROOLQJ,QWHUHVW
7RWDO&RPSUHKHQVLYH,QFRPH/RVV
(14,595.03) (128,351.85) (32,636.03) (104,864.78)
DIWHUWD[DQGQRQFRQWUROOLQJLQWHUHVW
Note:7KLVEDVHGRQWKHFRQVROLGDWHG¿QDQFLDOVWDWHPHQWVWKDWKDYHEHHQSUHSDUHGDQGSUHVHQWHGLQDFFRUGDQFHZLWK
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RIWKH&RPSDQLHV$FFRXQWV5XOHV³,QGLDQ*$$3´RU³3UHYLRXV*$$3´
Consolidated Results
:H UHFRUGHG D µ/RVV$IWHU ([FHSWLRQDO ,WHPV DQG %HIRUH 7D[¶ RI ` /DNKV IRU )LQDQFLDO <HDU DV
FRPSDUHGWRµ/RVV$IWHU([FHSWLRQDO,WHPVDQG%HIRUH7D[¶RI`/DNKVIRU)LQDQFLDO<HDUµ/RVV$IWHU
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LQ)LQDQFLDO<HDUIURP`LQ)LQDQFLDO<HDU2QHRIWKHPDMRUFDXVHVWKH&RPSDQ\KDVLQFXUUHG
losses on consolidated basis is provision of `&URUHVLQ)LQDQFLDO<HDUDQG`&URUHVLQ)LQDQFLDO
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Standalone Results
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FRPSDUHG WR µ/RVV$IWHU ([FHSWLRQDO ,WHPV DQG %HIRUH 7D[¶ RI ` /DNKV IRU )LQDQFLDO <HDU µ/RVV
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)LQDQFLDO<HDUµ/RVVEHIRUH([FHSWLRQDO,WHPV¶ZDV`/DNKVIRU)LQDQFLDO<HDUDVFRPSDUHG
to ‘Loss before Exceptional Items’ of ` /DNKVIRU)LQDQFLDO<HDU5HSRUWHGEDVLFHDUQLQJVSHUVKDUH
increased to `LQ)LQDQFLDO<HDUIURP`LQ)LQDQFLDO<HDU

6HJPHQWZLVH3HUIRUPDQFH
2XU LQFRPH IURP RSHUDWLRQV LV FRPSULVHG RI LQFRPH IURP OHQGLQJ DFWLYLWLHV LQFRPH IURP LQVXUDQFH SUHPLXP LQFRPH
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VHUYLFHVLQYHVWPHQWPDQDJHPHQWDQGDGYLVRU\IHHVDQGLQFRPHIURPDUELWUDJHDQGWUDGLQJRIVHFXULWLHVDQGGHULYDWLYHV
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Particulars As per Ind AS

FY2018-19 FY2017-18
Amount RI7RWDO Amount RI7RWDO
(` In Crores) income (` In Crores) income
Income From Lending Activities
,QWHUHVW,QFRPHRQ)L[HG'HSRVLWVZLWK%DQNV
Interest Income on Delayed Payments / Charges for
Delayed Payments
Income from Investments
Commission Income
,QFRPH)URP%URNLQJ2SHUDWLRQV
,QFRPH)URP,QYHVWPHQW0DQDJHPHQWDQG$GYLVRU\)HHV
Income From Advisory Services
,QFRPH)URP,QVXUDQFH3UHPLXP1HWRI3UHPLXPRQUH
insurance ceded)
,QFRPH)URP$UELWUDJHDQG7UDGLQJRI6HFXULWLHVDQG
'HULYDWLYHV1HW
Other Income
3UR¿WRQ6DOHRI%XOOLRQDQG$UW:RUNV
3UR¿WRQ$VVLJQPHQWRI/RDQV
Total Revenue From Operations 2,286.91 95.22% 2,524.47 92.29%
Other Income
Total Income 2,401.72 100.00% 2,735.42 100.00%
Income from Lending Activities

2XUVXEVLGLDU\5)/EHLQJDQ1%)&RႇHUVOHQGLQJSURGXFWV7KHFRUHOLQHRIEXVLQHVVLV60(OHQGLQJERWKVHFXUHGDQG
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WHDPEULQJVSUDFWLFDOH[SHUWLVHLQ60(FUHGLW+RZHYHUGXHWR5%,SXWWLQJWKHFRPSDQ\RQD&RUUHFWLYH$FWLRQ3ODQ&$3
WKHFRPSDQ\KDVQRWEHHQDEOHWRGLVEXUVHDQ\IUHVKORDQVGXULQJWKH\HDU7KHPDQDJHPHQWWHDPDQGWKH%RDUGDUH
PDNLQJHႇRUWVWREULQJLQFDSLWDODQGUHVWDUWWKHEXVLQHVV
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Particulars FY2018-19 FY2017-18
Amount Amount
(In ` Crores) (In ` Crores)
60()LQDQFLQJ
&0)
CLB
Others
Total 663.05 1,226.39

SME: ,QWHUHVW,QFRPHIURP60(SRUWIROLRGHFUHDVHGE\WR`&URUHVIRU)<DVFRPSDUHGWR`
&URUHVIRU)<PDLQO\GXHWRGHFUHDVHLQ$YHUDJH%RRN6L]H7RWDO%RRNVL]HQHWRIUHSD\PHQWV DVVLJQPHQWV
DVDW0DUFKZDV`&URUHVDVFRPSDUHGWR`&URUHVDVDW0DUFK
Capital Market Financing:,QWHUHVWLQFRPHIURPRXUFDSLWDOPDUNHW¿QDQFLQJDFWLYLWLHVZDV`&URUHVIRU)<
as compared to `&URUHVIRU)<SULPDULO\GXHWRUHFRYHU\IURPQRQSHUIRUPLQJORDQV
CLB: Interest income from our CLB was `&URUHVIRU)<DVFRPSDUHGWR`&URUHVIRU)<
SULPDULO\GXHWRUHYHUVDORI,QWHUHVWLQFRPHGXHWRORDQVEHFRPLQJQRQSHUIRUPLQJ
Others:µ2WKHUV¶UHSUHVHQWVWKHLQWHUHVWLQFRPHHDUQHGIURP6WDႇ/RDQ,QWHUHVWLQFRPHIURPµ2WKHUV¶ZDV`&URUHIRU
)<DVFRPSDUHGWR`&URUHIRU)<
Income from Insurance Premium
Gross Written Premium of Insurance Business was ` &URUHV IRU )< DV FRPSDUHG WR ` &URUHV IRU
)<5+,&/¶V1HW(DUQHG3UHPLXPLQFUHDVHGE\WR`&URUHVIRU)<DVFRPSDUHGWR`
&URUHVIRU)<SULPDULO\RQDFFRXQWRILQFUHDVHLQVFDOHRIRSHUDWLRQV
Broking Related Operations
2XU EURNHUDJH EXVLQHVV UHFHLYHV FRPPLVVLRQV IRU HTXLWLHV GHULYDWLYHV DQG FRPPRGLWLHV WUDGHG RQ WKH H[FKDQJHV RQ
EHKDOIRIFOLHQWVHDUQVIHHVIURPGLVWULEXWLRQRIWKLUGSDUW\SURGXFWVVXFKDVPXWXDOIXQGVDQGLQVXUDQFHJHQHUDWHVLQFRPH
IURPGHSRVLWRU\RSHUDWLRQVDQGUHFRYHUVWUDQVDFWLRQIHHVIURPFOLHQWV
7KHLQFRPHDULVLQJRXWRIRXUEURNLQJDFWLYLWLHVZDV`&URUHVIRU)<FRQVWLWXWLQJRIRXUWRWDOLQFRPH
as compared to `&URUHVIRU)<FRQVWLWXWLQJRIRXUWRWDOLQFRPH7DEXODWHGEHORZDUHWKHGHWDLOVRI
FRQVWLWXHQWVRIRXUEURNLQJLQFRPH
Particulars FY 2018-19 FY2017-18

Amount RI7RWDO Amount RI7RWDO
(` Crores) Income (` Crores) Income
(TXLWLHV &XUUHQFLHV
Others
5HFRYHU\RI7UDQVDFWLRQ)HHVIURP&OLHQWV
Commodities
Income from Depository Operations
Total 195.18 267.19 9.91
Equities & Currencies:2XULQFRPHIURPHTXLW\ FXUUHQF\EURNLQJRSHUDWLRQVGHFUHDVHGE\WR`&URUHV

IRU)<IURP`&URUHVIRU)<SULPDULO\GXHWRDGHFUHDVHLQUHWDLODYHUDJHGDLO\WXUQRYHU
Commodities: 7KH UHYHQXH IURP RXU FRPPRGLWLHV EURNLQJ DFWLYLWLHV LQFUHDVHG IURP ` &URUHV IRU )< WR
` &URUHV IRU )< SULPDULO\ GXH WR DQ LQFUHDVH LQ DYHUDJH GDLO\ YROXPH RI WUDGHV H[HFXWHG RQ WKH
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Other Income
2WKHULQFRPHSULPDULO\LQFOXGHVEDODQFHVZULWWHQEDFNEDGGHEWVDQGORDQVZULWWHQRႇUHFRYHUHGSUR¿WRQVDOHUHGHPSWLRQ
RI,QYHVWPHQWVLQWHUHVWLQFRPHRQORDQVDQG¿[HGGHSRVLWVZLWKEDQNVHWF2XURWKHULQFRPHGHFUHDVHGWR`&URUHV
GXULQJ)<FRQVWLWXWLQJRIRXUWRWDOLQFRPHIRUVXFKSHULRGDVFRPSDUHGWR`&URUHVIRU)<
FRQVWLWXWLQJRIRXUWRWDOLQFRPHIRUVXFKSHULRG%HORZLVDFRPSDULVRQRIWKHFRPSRQHQWVRIRXU2WKHU,QFRPH
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Particulars (` in Lakhs) For the Year Ended For the Year Ended
March 31, 2019 March 31, 2018
%DODQFHV:ULWWHQ%DFN%DG'HEWVDQG/RDQV:ULWWHQRႇ5HFRYHUHG
Income From Support Services

Particulars (` in Lakhs) For the Year Ended For the Year Ended
March 31, 2019 March 31, 2018
,QWHUHVW,QFRPH)URP)L[HG'HSRVLWV:LWK%DQNV
1HW*DLQ/RVVRQ'HUHFRJQLWLRQRI3URSHUW\3ODQWDQG(TXLSPHQW
3UR¿W2Q6DOH2I)ODWV8QGHU&RQVWUXFWLRQ+HOG)RU6DOH1HW
3UR¿WRQ6DOH5HGHPSWLRQRI,QYHVWPHQWV1HW
Interest Income From Investments
Interest Income on Others
0LVFHOODQHRXV,QFRPH
Total 11,480.43 21,095.05
Key Ratios
` Crores FY2018-19 FY2017-18

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%XVLQHVVDQG+XPDQ5HVRXUFHOHDGHUVKLSWHDPKDVVLJQL¿FDQWO\FRQWULEXWHGWRZDUGVEXVLQHVVREMHFWLYHVDQGHQVXUHG
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S. No. &DWHJRU\ 1RRI'LUHFWRUV

Executive Director 1,/
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3 2WKHU1RQ([HFXWLYH'LUHFWRULQFOXGLQJ1RPLQHH'LUHFWRU 1LO
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No. Director Directors Directorships Chairperson in various &DWHJRU\RI'LUHFWRUVKLS
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Companies (other than Religare
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Complaints pending Complaints received Complaints resolved Complaints pending
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April 1, 2018 March 31, 2019 March 31, 2019 31, 2019

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Membership No.: F9719
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Independent Auditor’s Report
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Report on the Audit of the Consolidated Ind AS Financial Statements
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Annexure A to Independent Auditor’s Report
“Annexure A” to the Independent Auditor’s Report of even date on the Consolidated Ind AS Financial Statements of
RELIGARE ENTERPRISES LIMITED
Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013
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Consolidated Balance Sheet as at March 31, 2019
(Amount in ` lakhs, unless otherwise stated)

Particulars Note As at As at As at
No. March 31, 0DUFK $SULO
2019
ASSETS
Financial Assets
Cash and Cash Equivalents 4 17,303.43
%DQN%DODQFH2WKHU7KDQ$ERYH 112,002.81
5HFHLYDEOHV
7UDGH5HFHLYDEOHV 34,630.13
/RDQV 7 505,559.77
Investments 143,775.10
2WKHU)LQDQFLDO$VVHWV 20,045.00
Non-Financial Assets
Inventories 9.67
&XUUHQW7D[$VVHWV1HW 32,760.93
'HIHUUHG7D[$VVHWV1HW 52,382.42
3URSHUW\3ODQWDQG(TXLSPHQW 2,857.17
*RRGZLOO 972.04
2WKHU,QWDQJLEOH$VVHWV 4,448.50
&DSLWDO:RUNLQ3URJUHVV 67.50
,QWDQJLEOH$VVHWV8QGHU'HYHORSPHQW 1,318.75
2WKHU1RQ)LQDQFLDO$VVHWV 29,668.88
Total Assets 957,802.10
LIABILITIES AND EQUITY
LIABILITIES
Financial Liabilities
3D\DEOHV
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enterprises
LLWRWDORXWVWDQGLQJGXHVRIFUHGLWRUVRWKHUWKDQPLFURHQWHUSULVHV 26,332.36
and small enterprises
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enterprises
LLWRWDORXWVWDQGLQJGXHVRIFUHGLWRUVRWKHUWKDQPLFURHQWHUSULVHV 14,053.94
and small enterprises
'HEW6HFXULWLHV -
%RUURZLQJV2WKHUWKDQ'HEW6HFXULWLHV 615,337.75
6XERUGLQDWHG/LDELOLWLHV 56,794.41
2WKHU)LQDQFLDO/LDELOLWLHV 58,702.68

Consolidated Balance Sheet as at March 31, 2019
Particulars Note As at As at As at
No. March 31, 0DUFK $SULO
2019
Non-Financial Liabilities
3URYLVLRQV 1,514.90
2WKHU1RQ)LQDQFLDO/LDELOLWLHV 79,795.16
Total Liabilities 852,578.23
EQUITY
Equity Share Capital 21,694.27
2WKHU(TXLW\ 61,610.68
Equity Attributable to Owners of the Company 83,304.95
Non Controlling Interest 21,918.92
Total Equity 105,223.87
Total Liabilities and Equity 957,802.10
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For S.S. Kothari Mehta & Company For and on behalf of the Board of Directors
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For the year ended March 31, 2019

Particulars Note For the Year Ended )RUWKH<HDU(QGHG
No. March 31, 2019 0DUFK
Income
5HYHQXH)URP2SHUDWLRQV
Interest Income 93,148.03
'LYLGHQG,QFRPH 5.22
)HHDQG&RPPLVVLRQ,QFRPH 5,943.13
1HW*DLQRQ)DLU9DOXH&KDQJHV -
6DOHRI6HUYLFHV 19,623.77
2WKHU5HYHQXH)URP2SHUDWLRQV 109,971.23
Total Revenue From Operations 228,691.38
2WKHU,QFRPH 11,480.43
Total Income 240,171.81
Expenses
)LQDQFH&RVWV 84,998.16
)HHDQG&RPPLVVLRQ([SHQVHV 5,243.51
1HW/RVVRQ)DLU9DOXH&KDQJHV 248.40
,PSDLUPHQWDQG/RVV$OORZDQFHVRQ)LQDQFLDO,QVWUXPHQWV 132,968.30
(PSOR\HH%HQH¿W([SHQVHV 51,762.86
'HSUHFLDWLRQ$PRUWL]DWLRQDQG,PSDLUPHQW 2,573.14
2WKHU([SHQVHV 112,721.70
Total Expenses 390,516.07
3UR¿W/RVV%HIRUH([FHSWLRQDO,WHPVDQG7D[ (150,344.26)
([FHSWLRQDO,WHPV -
(150,344.26)
6KDUHLQ3UR¿W/RVVRI-RLQW9HQWXUHV (8.96)
3UR¿W/RVV%HIRUH7D[ (150,353.22)
Income Tax Expense / (Credit):
&XUUHQW7D[ 429.98
'HIHUUHG7D[1HW (688.14)
3UR¿W/RVV)RU7KH<HDU (150,095.06)
Other Comprehensive Income
$,WHPV7KDW:LOO1RWEH5HFODVVL¿HGWR3UR¿WRU/RVV
ĺ5HPHDVXUHPHQW*DLQRU/RVVRQ'H¿QHG%HQH¿W3ODQV (41.05)
,QFRPH7D[,PSDFWRQ$ERYH,WHP -
ĺ)DLU9DOXH*DLQ/RVVRQ(TXLW\,QVWUXPHQWV'HVLJQDWHG 104.06
DV)972&,
Subtotal (A) 63.01

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Particulars Note For the Year Ended )RUWKH<HDU(QGHG

%,WHPV7KDW:LOOEH5HFODVVL¿HGWR3UR¿WRU/RVV
ĺ1HW*DLQ/RVVRQ'HEW6HFXULWLHV)972&, 332.33
Subtotal (B) 332.33
Other Comprehensive Income (Net of Tax) (A + B) 395.34
Total Comprehensive Income For The Year (149,699.72)

3UR¿W/RVVIRUWKH\HDUDWWULEXWDEOHWR
D2ZQHUVRIWKH&RPSDQ\ (128,716.65)
E1RQ&RQWUROOLQJ,QWHUHVW (21,378.41)
(150,095.06)
Other Comprehensive Income attributable to:
D2ZQHUVRIWKH&RPSDQ\ 364.79
E1RQ&RQWUROOLQJ,QWHUHVW 30.55
395.34
Total Comprehensive Income attributable to:
D2ZQHUVRIWKH&RPSDQ\ (128,351.86)
E1RQ&RQWUROOLQJ,QWHUHVW (21,347.86)
(149,699.72)
Earnings Per Equity Share (Rs) (For Continuing Operations) 44
%DVLF)DFHYDOXHRI5VHDFKIXOO\SDLGXS (63.32)
'LOXWHG)DFHYDOXHRI5VHDFKIXOO\SDLGXS (63.32)
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(a Equity Share Capital
Amount
Equity shares of Rs 10 each issued, subscribed and fully paid Note No. Nos.
(Rs in Lakhs)
At April 1, 2017 178,334,498 17,833.45
,QFUHDVH'HFUHDVH'XULQJ7KH<HDU
At March 31, 2018 178,455,248 17,845.52
,QFUHDVH'HFUHDVH'XULQJ7KH<HDU
At March 31, 2019 216,942,733 21,694.27
Annual Report 2018-19

(b) Other Equity (Amount in ` lakhs, unless otherwise stated)
Other Comprehensive
Reserves and Surplus
Income
Particulars
Total
(Net of Tax)
General reserve
Non Controlling Interest
Statutory Reserve
Retained Earnings
Scheme of Arrangement
%HQH¿W3ODQV1HWRI7D[
iaries Post Getting Control

statements of foreign subsidiaries
Securities Premium Reserve

Capital Redemption Reserve
Attributable to Owners of the Company
Debenture Redemption Reserve

Employee Stock Option Reserve
Money Received against Share Warrants
Capital Reserve on Consolidation

Designated as FVTOCI (Net of Tax)
Share application money pending allotment

Capital Reserve arising out of Composite
([FKDQJH'LႇHUHQFHVRQWUDQVODWLQJWKH¿QDQFLDO
5HPHDVXUHPHQW*DLQRU/RVVRQ'H¿QHG

Net Grain / (Loss) on Debt Securities FVTOCI
Fair Value Gain / (Loss) on Equity Instruments
Short / (Excess) Payment for Shares in Subsid-

Balance at the beginning of the year i.e. April 1, 2017 169.05 351,721.69 1,123.14 6,525.65 8,882.34 22,657.10 35,308.30 - 2,331.85 - (160,451.58) (22.57) - - 2,652.24 - 270,897.21 54,961.17 325,858.38
3UR¿W/RVVIRUWKH<HDU (104,501.04)
2QDFFRXQWRIFKDQJHLQ1&, (217.53)
7UDQVIHUWRIURP5HWDLQHG(DUQLQJVDQG2WKHU

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5HVHUYHV
2Q(PSOR\HH6WRFN2SWLRQV (12.08)
3URFHHGIURPLVVXDQFHRIVKDUHVWR1&,VKDUHKROGHUV -
2WKHUV 4.85
2WKHU&RPSUHKHQVLYH,QFRPH (363.74)
As at March 31, 2018 - 351,878.66 1,123.14 6,525.65 8,882.34 24,198.20 35,430.63 - 790.75 - (265,292.48) 41.81 (68.76) (405.44) 2,657.09 - 165,807.67 41,843.10 207,650.77
3UR¿W/RVVIRUWKH<HDU (128,716.65)
2QDFFRXQWRIFKDQJHLQ1&, 348.34
7UDQVIHUWRIURP5HWDLQHG(DUQLQJVDQG2WKHU

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Statement of Consolidated Changes in Equity
2Q(PSOR\HH6WRFN2SWLRQV 1,254.31
6HFXULWLHV3UHPLXPLQFUHDVHGXHWRFRQYHUVLRQRI
16,280.21
6KDUHZDUUDQWLQWR(TXLW\6KDUH
0RQH\5HFHLYHGDJDLQVW6KDUH:DUUDQWV 14,578.35
/HVV6KDUHZDUUDQWPRQH\XWLOLVHG (5,032.24) -
125
Other Comprehensive
Income
126
Particulars
Total
(Net of Tax)
General reserve
Statutory Reserve
Retained Earnings
Scheme of Arrangement
%HQH¿W3ODQV1HWRI7D[
iaries Post Getting Control

statements of foreign subsidiaries
Securities Premium Reserve

Capital Redemption Reserve
Attributable to Owners of the Company
Debenture Redemption Reserve

Employee Stock Option Reserve
Money Received against Share Warrants
Capital Reserve on Consolidation

Designated as FVTOCI (Net of Tax)
Share application money pending allotment

Capital Reserve arising out of Composite
([FKDQJH'LႇHUHQFHVRQWUDQVODWLQJWKH¿QDQFLDO
5HPHDVXUHPHQW*DLQRU/RVVRQ'H¿QHG

Net Grain / (Loss) on Debt Securities FVTOCI
Fair Value Gain / (Loss) on Equity Instruments
Short / (Excess) Payment for Shares in Subsid-

3URFHHGIURPLVVXDQFHRIVKDUHVWR1&,VKDUHKROGHUV - 1,633.72
2WKHUV (3,280.35)
2WKHU&RPSUHKHQVLYH,QFRPH 371.05
As at March 31, 2019 - 368,158.87 1,123.14 6,525.65 8,882.34 24,988.95 35,575.61 (3,261.55) - 1,254.31 (393,805.77) 0.76 35.30 (73.11) 2,638.29 9,546.11 61,610.68 21,918.92 83,529.60
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Notes:
Share Application Money:7KH&RPSDQ\KDGUHFHLYHGVKDUHDSSOLFDWLRQPRQH\RI5V/DNKVIURPZKROHWLPHGLUHFWRUDVRQHPSOR\HHXQGHU
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Money Received against Share Warrants: 5HIHU1RWH
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Consolidated Cash Flow Statement

Particulars For the Year Ended )RUWKH<HDU(QGHG
March 31, 2019 0DUFK
A. Cash Flow From Operating Activities:
1HW3UR¿W/RVV%HIRUH7D[ (150,353.22)
$GMXVWPHQWVIRU
'HSUHFLDWLRQDQG$PRUWLVDWLRQ 2,573.14
,QWHUHVW([SHQVH 84,541.79
Interest Income* (14,313.47)
'LYLGHQG,QFRPH (5.22)
6KDUHRI3UR¿W/RVVRI$VVRFLDWHVDQG-RLQW9HQWXUHV 8.96
3UR¿W/RVVRQ6HOOLQJRI33(DQG,QWDQJLEOH$VVHWV8QGHU'HYHORSPHQW1HW (49.55)
3UR¿W/RVVRQ6HOOLQJRI,QYHVWPHQWLQ6XEVLGLDU\LHV -
3UR¿W/RVVRQ6HOOLQJRI2WKHU,QYHVWPHQWV1HW (4,400.18)
3UR¿W/RVVRQVDOHRI)ODWV8QGHU&RQVWUXFWLRQ+HOGIRU6DOH (1.35)
5HPHDVXUHPHQW*DLQRU/RVVRQ'H¿QHG%HQH¿W3ODQV (41.05)
(PSOR\HH6WRFN2SWLRQ([SHQVHV 1,398.87
%DG'HEWV%DODQFHVDQG/RDQV:ULWWHQ2ႇ1HWRI%DODQFHV:ULWWHQ%DFN 8,652.91
3URYLVLRQ$JDLQVW/RDQV1HW 123,878.15
3URYLVLRQ$JDLQVW,QYHVWPHQWV 7,004.70
3URYLVLRQ$JDLQVW7UDGH5HFHLYDEOHV 1,097.96
3URYLVLRQ$JDLQVW2WKHUV)LQDQFLDODQG1RQ)LQDQFLDO$VVHWV 987.49
3URYLVLRQIRU*UDWXLW\DQG/HDYH(QFDVKPHQWZULWWHQRႇFUHDWHG 53.98
*DLQ/RVVRQ)LQDQFLDO$VVHWV0HDVXUHGDW)DLU9DOXH7KURXJK3UR¿W -
RU/RVV1HW
7UDQVODWLRQ5HVHUYH (18.80)
$PRUWLVDWLRQRI([FHVV,QWHUHVW6SUHDG 232.47
2SHUDWLQJ3UR¿W%HIRUH&KDQJHVLQ2SHUDWLQJ$VVHWVDQG/LDELOLWLHV 61,247.58
Adjustments for Changes in Operating Assets and Liabilities:
,QFUHDVH'HFUHDVHLQ7UDGHDQG2WKHU5HFHLYDEOHV (4,976.13)
,QFUHDVH'HFUHDVHLQ/RDQV 275,199.44
,QFUHDVH'HFUHDVHLQ2WKHU)LQDQFLDO$VVHWV (2,883.84)
,QFUHDVH'HFUHDVHLQ,QYHQWRULHV (5.62)
,QFUHDVH'HFUHDVHLQ2WKHU1RQ)LQDQFLDO$VVHWV 8,070.78
,QFUHDVH'HFUHDVHLQ7UDGHDQG2WKHU3D\DEOHV 2,502.25
,QFUHDVH'HFUHDVHLQ2WKHU)LQDQFLDO/LDELOLWLHV 3,666.21
,QFUHDVH'HFUHDVHLQ2WKHU1RQ)LQDQFLDO/LDELOLWLHV 15,125.31
Cash Used/ generated in/ from operations before taxes 357,945.98 588,205.71
7D[HV5HIXQGHG3DLG1HW (2,549.54)
Net Cash Generated / (Used) from / in Operating Activities 355,396.44 580,205.39
B. Cash Flow From Investing Activities:
3XUFKDVHRI3URSHUW\3ODQWDQG(TXLSPHQWDQG2WKHU,QWDQJLEOH$VVHWV (2,736.80)
3URFHHGVIURPVDOHRI3URSHUW\3ODQWDQG(TXLSPHQWDQG2WKHU,QWDQJLEOH$VVHWV 163.28
3URFHHGV)URP6DOHRI)ODWV8QGHU&RQVWUXFWLRQ+HOG)RU6DOH 185.32
,QWDQJLEOH$VVHWV8QGHU'HYHORSPHQWDQG&DSLWDO:RUNLQ3URJUHVV (657.85)
3URFHHGVIURP6DOHRI,QYHVWPHQWVLQVXEVLGLDU\LHV1HWRI&DVK &DVK -
(TXLYDOHQWVGLVSRVHG
3URFHHGVIURP6DOHRI2WKHU,QYHVWPHQWV 67,258.68
3XUFKDVHRI2WKHU,QYHVWPHQWV (93,493.79)
,QYHVWPHQWLQ6XEVLGLDU\LHV (3,261.56)
,QFUHDVH'HFUHDVHLQ,QYHVWPHQWLQ)L[HG'HSRVLWV# 15,020.11
,QWHUHVW5HFHLYHG5HYHQXH 11,273.95
'LYLGHQG5HFHLYHGLQFOXGLQJGLYLGHQGIURPDQDVVRFLDWH 5.22
Net Cash Generated / (Used) from / in Investing Activities (6,243.44)

Consolidated Cash Flow Statement
Particulars For the Year Ended )RUWKH<HDU(QGHG

C. Cash Flow From Financing Activities:
3URFHHGVIURPIUHVKLVVXHRI(TXLW\6KDUH&DSLWDOLQFOXGLQJVHFXULWLHVSUHPLXP1HW 20,128.96
0RQH\5HFHLYHG$JDLQVW6KDUH:DUUDQWV 9,546.11
Proceeds/ (Repayment) for Debt Securities (Net):
'HEHQWXUHV (34,093.45)
&RPPHUFLDO3DSHUV (10,792.93)
Proceeds/ (Repayment) for Borrowings (Other than Debt Securities) (Net):
7HUP/RDQV (274,575.54)
/RDQ5HSD\DEOHRQ'HPDQG 228.55
)LQDQFH/HDVH2EOLJDWLRQV (96.38)
'HEHQWXUHV -
7HUP/RDQV 93.94
3URFHHGVIURPWKH6KDUHVLVVXHGWR0LQRULW\6KDUHKROGHUV 1,633.70
,QWHUHVW3DLG (90,642.88)
Net Cash Generated / (Used) from / in Financing Activities (378,569.92)
Net Increase/(Decrease) in Cash & Cash Equivalents (A+B+C) (29,416.92) (111,003.58)
Add: Cash and Cash Equivalents at the beginning of the Year 41,392.87
$GG (ႇHFW RI ([FKDQJH GLႇHUHQFH RQ 7UDQVODWLRQ RI )RUHLJQ -
Currency Cash & Cash Equivalents
Cash and Cash Equivalents at the end of the Year 11,975.95 41,392.87
Cash and Cash Equivalents at the end of the Year Comprises of (Refer Note 4)
&DVKLQ+DQG 2.32
&KHTXHVRQ+DQG 291.08
6WDPS3DSHUV2Q+DQG 22.52
%DODQFHVZLWK%DQNVLQ&XUUHQW$FFRXQWV 14,837.51
%DODQFHVZLWK%DQNVLQ)L[HG'HSRVLWV$FFRXQWV 2,150.00
%DQN2YHUGUDIWV (5,327.48)
Total 11,975.95 41,392.87
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Notes Forming Part of the Consolidated Financial Statements
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(y) FULLY AND PARTIALLY PAID DEBENTURES
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4. Cash and Cash Equivalents
As at As at As at
Particulars
March 31, 2019 0DUFK $SULO
&DVK2Q+DQG 2.32
%DODQFHV:LWK%DQNV
# In Current Accounts 14,837.51
,Q)L[HG'HSRVLWV:LWK0DWXULW\2I/HVV7KDQ0RQWKV 2,150.00
&KHTXHV2Q+DQG 291.08
6WDPS3DSHUV2Q+DQG 22.52
Total 17,303.43
&DVKDQGFDVKHTXLYDOHQWVFRQVLVWVRIWKHIROORZLQJIRUWKHSXUSRVHRIWKHµFDVKÀRZVWDWHPHQW¶
As at As at As at
Particulars
&DVKDQG&DVK(TXLYDOHQWVDVDERYH 17,303.43
%DQN2YHUGUDIWV (5,327.48)
Total 11,975.95
5. Bank Balances (Other than Cash and Cash Equivalent)

As at As at As at
Particulars
)L[HGGHSRVLWZLWKPDWXULW\IRUOHVVWKDQPRQWKV5HIHU1RWH 32,858.04

8QSDLG8QFODLPHG'LYLGHQG$FFRXQW5HIHU1RWH -
2WKHU5HIHU1RWH 79,144.77
Total 112,002.81
5.1 Details of Fixed Deposits kept as security*

As at As at As at
Particulars
D0DUJLQPRQH\RUVHFXULW\DJDLQVW*XDUDQWHH
3OHGJHGZLWK%DQNVIRU*XDUDQWHHV7DNHQ 15,126.04
3OHGJHZLWK%DQNVIRU2YHUGUDIWDQGRWKHU)DFLOLW\ 3,727.50
E0DUJLQPRQH\RUVHFXULW\DJDLQVWRWKHU&RPPLWPHQW
6HFXULW\ZLWK7D[$XWKRULWLHVIRU/LFHQVH 10.17
3OHGJHZLWK6HFXULWLHV([FKDQJHVDV0DUJLQ 14,575.66
3OHGJHZLWK%DQNVIRU$VVLJQPHQWRI/RDQV -
2WKHU/HJDO&DVHV -
6XEPLWWHGWR6WRFN([FKDQJHIRUDUELWUDWLRQFDVHV 32.10
2WKHUV 40.74
Total 33,512.21
LQFOXGHV)L[HGGHSRVLWDFFRXQWVZLWKPDWXULW\IRUPRUHWKDQPRQWKV5HIHU1RWH
5.2 L 5HOLJDUH)LQYHVW/LPLWHG³5)/´DVXEVLGLDU\RIWKH&RPSDQ\KDG¿OHGDVXLWIRUUHFRYHU\RIDPRXQWVPLVDSSURSULDWHG
E\WKH/DNVKPL9LODV%DQN³/9%´SODFHGDV)L[HG'HSRVLWVZLWKLWRQ0D\EHIRUHWKH+RQ¶EOH'HOKL+LJK
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RI5)/¶VFXUUHQWDFFRXQWPDLQWDLQHGZLWK/9%

LL ,WLVSHUWLQHQWWRPHQWLRQKHUHWKDW/9%KDVVRXJKWWRGHOD\WKHDGMXGLFDWLRQRIWKHLQWHULPUHOLHIVDQGWKHVXLWIRU
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WLOOVXFKWLPH5)/¶VDSSOLFDWLRQVIRULQWHULPUHOLHIVDUHGLVSRVHGRI7KHSOHDGLQJVLQWKHPDWWHUDUHQRZFRPSOHWH
LQDVPXFKDV/9%KDV¿OHGDUHSO\WR5)/¶VVXLWDQG5)/KDV¿OHGLWVUHMRLQGHUWRWKHVDPH/9%KDVIXUWKHU¿OHG
DVXUUHMRLQGHUWRWKHUHMRLQGHU¿OHGE\5)/6WUDWHJLF&UHGLW&DSLWDO3ULYDWH/LPLWHGDQG3DUWLFLSDWLRQ)LQDQFH$QG
+ROGLQJV,QGLD3ULYDWH/LPLWHGKDYH¿OHGDSSOLFDWLRQVWREHLPSOHDGHGLQWKHPDWWHUZKLFKDUH\HWWREHDGMXGLFDWHG
RQE\WKH+RQ¶EOH&RXUW7KHFDVHKDVEHHQ¿[HGIRUDUJXPHQWVRQLQWHULPDSSOLFDWLRQV¿OHGE\5)/IRUYDULRXVGDWHV
VLQFH-XO\WLOO0DUFK2Q0DUFKDUJXPHQWVZHUHDGGUHVVHGDWOHQJWKE\WKHFRXQVHORI
3ODLQWLႇ7KH+RQ¶EOH&RXUWZDVSOHDVHGWRUHVHUYHRUGHURQWKHLQWHULPDSSOLFDWLRQRQ$SULO1RIXUWKHUGDWH
KDVEHHQJLYHQE\WKH&RXUW5HIHU1RWHD
6. Trade Receivables
As at As at As at
Particulars
6HFXUHGFRQVLGHUHGJRRG 26,017.42

8QVHFXUHGFRQVLGHUHGJRRG 8,612.71
:KLFKKDYHVLJQL¿FDQWLQFUHDVHLQFUHGLWULVN 2,821.04
Credit impaired 979.07
38,430.24
/HVV$OORZDQFHIRUOLIHWLPHH[SHFWHGFUHGLWORVV 3,800.11
Total 34,630.13
,WLQFOXGHV5V/DNKV0DUFK5VDQG$SULO5VGXHIURPUHODWHGSDUWLHV)RUGHWDLOUHIHU
1RWH
7KHPRYHPHQWLQWKHDOORZDQFHIRUOLIHWLPHH[SHFWHGFUHGLWORVVLVJLYHQEHORZ
As at As at
Particulars
%DODQFHDWWKHEHJLQQLQJRIWKH\HDU (2,702.14)
$GGLWLRQVGXULQJWKH\HDUQHW (1,097.97)
3XUFKDVHGRURULJLQDWHGFUHGLWLPSDLUHG -
Balance at the end of the year (3,800.11)
7. Loans
As at As at As at
Particulars
Valued at Amortised Cost

(A) Nature of Loans
/RDQV5HSD\DEOHRQ'HPDQGV -
7HUP/RDQV 770,338.69
Total (A) - Gross 770,338.69
/HVV,PSDLUPHQW/RVV$OORZDQFH 264,778.92
Total (A) - Net 505,559.77

As at As at As at
Particulars
(B) Security of Loans

6HFXUHGE\7DQJLEOH$VVHWV 531,380.08
6HFXUHGE\,QWDQJLEOH$VVHWV 314.59
8QVHFXUHG 238,644.02
Total (B) - Gross 770,338.69
Total (B) - Net 505,559.77
(C) (I) Loans in India
3XEOLF6HFWRU -
2WKHUV 770,338.69
Total (C) (I) - Gross 770,338.69
Total (C) (I) - Net 505,559.77
(C) (II) Loans outside India
3XEOLF6HFWRU -
2WKHUV -
Total (C) (II) - Gross -
/HVV,PSDLUPHQW/RVV$OORZDQFH -
Total (C) (II) - Net -
Total (C) (I) and (C) (II) - Net 505,559.77
7.1 6HFXUHG/RDQVJLYHQE\WKH*URXSDUHVHFXUHGE\SURSHUW\SODQW HTXLSPHQWYHKLFOHVUHFHLYDEOHVHTXLWDEOHPRUWJDJH
RI SURSHUWLHV WUDGDEOH OLVWHG XQOLVWHG VHFXULWLHV KHOG E\ WKH *URXS FRPSDQLHV LQ WKHLU GHSRVLWRU\ DFFRXQWV RU E\ ZD\
RI SOHGJH RI VKDUHV KHOG LQ WKH GHSRVLWRU\ DFFRXQW RI WKH FOLHQWV IRU ZKLFK 3RZHU RI$WWRUQH\V DUH KHOG E\ WKH *URXS
FRPSDQLHVRUE\GLUHFWSOHGJHRIVKDUHVE\WKHFOLHQWLQIDYRURIWKH*URXSFRPSDQLHV
7.2 5HOLJDUH)LQYHVW/LPLWHG³5)/´DVXEVLGLDU\RIWKH&RPSDQ\KDVDQH[SRVXUHRI5V/DNKVDVSHU¿QDQFLDOV
DVDW0DUFKWRZDUGVWKH&RUSRUDWH/RDQ%RRN³&/%´5HVHUYH%DQNRI,QGLD³5%,´KDVUDLVHGFRQFHUQVLQWKH
SDVWDERXWWKHFUHGLWZRUWKLQHVVRIWKHERUURZHUVFUHGLWDSSUDLVDODQGORDQVDQFWLRQLQJPHFKDQLVPIROORZHGE\5)/LQ
UHVSHFWRIWKLVERRN7KHPDQDJHPHQWKDVUHYLHZHGWKHSRUWIROLRDQGWKH¿QDQFLDOUHSRUWVRIWKHERUURZHUVWRGHWHUPLQH
WKHUHFRYHUDELOLW\RIWKHVDLGORDQV%DVHGRQWKHPDWXULW\GDWHVRIWKHORDQVUHFRYHU\VWHSVLQVWLWXWHGDQGWKH¿QDQFLDO
UHSRUWVRIWKHERUURZHUV5)/KDVRQDSUXGHQWEDVLVPDGHIXOOSURYLVLRQRI5V/DNKVDVDW0DUFK
DJDLQVWWKLVSRUWIROLR
$ODZ¿UPRIUHSXWHZDVDSSRLQWHGWRXQGHUWDNHDGHWDLOHGGLOLJHQFHRQWKLV&/%DQGWKHVDLGGLOLJHQFHKDVEHHQFRPSOHWHG
,QVROYHQF\SURFHHGLQJVKDYHEHHQLQLWLDWHGEHIRUHWKH1&/7'HOKLDQG.RONDWDDJDLQVWWKHERUURZHUVIRUPLQJDSDUWRIWKH
&/%7KH,QVROYHQF\3HWLWLRQV¿OHGEHIRUHWKH1&/71HZ'HOKLZHUHOLVWHGRQ0DUFKIRUDGGUHVVLQJDUJXPHQWV
IRU WKH DGPLVVLRQ RI SHWLWLRQV$UJXPHQWV ZHUH KHDUG DW OHQJWK RQ WKH VDLG GDWH DQG WKH +RQ¶EOH 1&/7 ZDV SOHDVHG
WRUHVHUYH LWVRUGHU DQG UHTXHVWHG WKH FRXQVHOV IRUDOO WKHSDUWLHV WR¿OH WKHLU ZULWWHQ VXEPLVVLRQV 2UGHU 5HVHUYHG IRU
DGPLVVLRQEXWWKHSURFHHGLQJVDUHVWD\HGE\+RQ¶EOH6XSUHPH&RXUWYLGHRUGHUGDWHG$SULO%DVHGRQWKHGXH
GLOLJHQFHUHSRUWDQGWKHUHSOLHV¿OHGE\WKHERUURZHUVEHIRUHWKH+RQ¶EOH1&/75)/KDVDOVR¿OHGDFULPLQDOFRPSODLQW
EHIRUH WKH (FRQRPLF 2ႇHQFH :LQJ ³(2:´ 'HOKL RQ ZKLFK D ),5 1R KDV EHHQ UHJLVWHUHG DQG LV XQGHU
LQYHVWLJDWLRQ
:KHUHDV WKH ,QVROYHQF\ 3HWLWLRQ WLWOHG DV ³5HOLJDUH )LQYHVW /LPLWHG YV %KDUDW 5RDG 1HWZRUN /LPLWHG´ ¿OHG EHIRUH WKH
+RQ¶EOH1&/7.RONDWDZDVOLVWHGIRUDGPLVVLRQKHDULQJRQ0DUFK7KHFRUSRUDWHGHEWRUERUURZHUZDVJUDQWHG
ODVWRSSRUWXQLW\WR¿OHLWVUHSO\ZLWKLQGD\VDQGUHMRLQGHUWREH¿OHGE\5)/ZLWKLQGD\VWKHUHDIWHU7KHPDWWHUJRWOLVWHG
RQ0D\EXWGXHWRVWULNHWKHPDWWHUZDVQRWKHDUGDQGUHQRWL¿HGIRU-XO\'XULQJWKH\HDUHQGHG0DUFK
WKHUHLVQRPRYHPHQWLQWKLVSRUWIROLR

7.3 'XULQJWKH\HDU5HOLJDUH+RXVLQJ'HYHORSPHQW)LQDQFH&RUSRUDWLRQ/LPLWHG³5+')&/´DVXEVLGLDU\RIWKH&RPSDQ\

KDVUHFHLYHG5VODNKVDJDLQVWFXVWRPHUVWRZDUGV,QWHUHVW6XEVLG\DQG5VODNKVWRZDUGVSURFHVVLQJIHH
5VODNKVFUHGLWHGLQ5+')&/¶VEDQNDFFRXQWDQG5VODNKVFUHGLWHGLQ$6LH7D['HGXFWHGDW6RXUFHXQGHU
3UDGKDQ0DQWUL$ZDV<RMDQD³30$<´±&UHGLW/LQNHG6XEVLG\6FKHPH³&/66ÍURP1DWLRQDO+RXVLQJ%DQN³1+%´
2XWRIWKLV5VODNKVWRZDUGV,QWHUHVW6XEVLG\DQG5VODNKVWRZDUGVSURFHVVLQJIHHKDVEHHQUHIXQGHGEDFNWR
1+%GXHWRUHDVRQVVXFKDVIRUHFORVXUH1RQSHUIRUPLQJDVVHWVHWF
7.4 7KH&RPSDQ\KDV¿OHGDSHWLWLRQXQGHUVHFWLRQRI,QVROYHQF\DQG%DQNUXSWF\&RGHDJDLQVW$156HFXULWLHV3ULYDWH
/LPLWHGRQ2FWREHUIRUUHFRYHU\RIRXWVWDQGLQJORDQDQGLQWHUHVWWKHUHRQDPRXQWLQJWR5V/DNKV7KH
DUJXPHQWVZHUHKHDUGKRZHYHUWKH2UGHUUHVHUYHGE\+RQ¶EOH1&/7RQWKHDGPLVVLRQRISHWLWLRQKDVEHHQVWD\HGE\WKH
+RQ¶EOH6XSUHPH&RXUWYLGHRUGHUGDWHG$SULO
7.5 Credit Quality of Assets
7KHWDEOHVEHORZVKRZWKHFUHGLWTXDOLW\DQGWKHPD[LPXPH[SRVXUHWRFUHGLWULVNEDVHGRQWKH&RPSDQ\¶VLQWHUQDOFUHGLW
UDWLQJV\VWHPDQG\HDUHQGVWDJHFODVVL¿FDWLRQ7KHDPRXQWVSUHVHQWHGDUHJURVVRILPSDLUPHQWDOORZDQFHV
As at March 31, 2019

Internal Rating Grade
Stage 1 Stage 2 Stage 3 Total
Standard 327,021.12 65,966.42 293.59 393,281.13
6XEVWDQGDUG - - 49,399.15 49,399.15
'RXEWIXO - - 327,569.04 327,569.04
/RVV - - 89.37 89.37
Total 327,021.12 65,966.42 377,351.15 770,338.69
$VDW0DUFK
6WDJH 6WDJH 6WDJH Total
Standard
6XEVWDQGDUG
'RXEWIXO
/RVV
Total
$VDW$SULO
6WDJH 6WDJH 6WDJH Total
Standard
6XEVWDQGDUG
'RXEWIXO
/RVV
Total


7.6 Analysis of changes in the gross carrying amount as follows:
Year Ended March 31, 2019
Particulars
Gross Carrying Amount Opening Balance 598,045.06 89,755.46 366,390.52 1,054,191.04
1HZ$VVHWV2ULJLQDWHGRU3XUFKDVHG 11,873.46 269.91 4,703.38 16,846.75
$VVHWV'HUHFRJQLVHGRU5HSDLGH[FOXGLQJZULWHRႇV (236,321.95) (18,575.23) (55,899.20) (310,796.38)
&KDQJHLQ)DLU9DOXH - - - -
7UDQVIHUVWRIURP6WDJH 17,465.07 (16,106.11) (1,358.96) -
7UDQVIHUVWRIURP6WDJH (39,121.27) 40,474.00 (1,352.73) -
7UDQVIHUVWRIURP6WDJH (24,725.05) (29,677.61) 71,288.04 16,885.38
&KDQJHVWRFRQWUDFWXDOFDVKÀRZVGXHWRPRGL¿FDWLRQV
- - - -
not resulting in derecognition
$PRXQWVZULWWHQRႇ (194.20) (174.01) (6,419.89) (6,788.10)
Gross Carrying Amount Closing Balance 327,021.12 65,966.41 377,351.16 770,338.69

Particulars
Gross Carrying Amount Opening Balance 1,191,760.57 211,521.91 106,479.47 1,509,761.95
1HZ$VVHWV2ULJLQDWHGRU3XUFKDVHG
$VVHWV'HUHFRJQLVHGRU5HSDLGH[FOXGLQJZULWHRႇV
&KDQJHLQ)DLU9DOXH
7UDQVIHUVWRIURP6WDJH
&KDQJHVWRFRQWUDFWXDOFDVKÀRZVGXHWRPRGL¿FDWLRQV

not resulting in derecognition
$PRXQWVZULWWHQRႇ
Gross Carrying Amount Closing Balance 598,045.06 89,755.46 366,390.52 1,054,191.04
,QFOXGHV5HVWUXFWXUHG&DVHV
7.7 Reconciliation of ECL balance :
Particulars
ECL - Opening Balance 3,402.07 390.04 137,108.65 140,900.76
,PSDFWRQ\HDUHQG(&/RIH[SRVXUHVWUDQVIHUUHG

EHWZHHQVWDJHVGXULQJWKH\HDU
8QZLQGRI'LVFRXQW5HFRJQLVHGLQ,QWHUHVW,QFRPH
$PRXQWV:ULWWHQRႇ
&KDQJHVWR0RGHOVDQG,QSXWVXVHGIRU(&/

Calculations
ECL - Closing Balance 2,270.53 293.70 262,214.69 264,778.92


Particulars
ECL - Opening Balance 6,919.54 882.84 10,905.52 18,707.90
,PSDFWRQ\HDUHQG(&/RIH[SRVXUHVWUDQVIHUUHG

EHWZHHQVWDJHVGXULQJWKH\HDU
8QZLQGRI'LVFRXQW5HFRJQLVHGLQ,QWHUHVW,QFRPH
$PRXQWV:ULWWHQRႇ
&KDQJHVWR0RGHOVDQG,QSXWVXVHGIRU(&/&DOFXODWLRQV
ECL - Closing Balance 3,402.07 390.04 137,108.65 140,900.76
,QFOXGHV5HVWUXFWXUHG&DVHV
8. Investments
As at As at As at
Particulars
(A) Investments Measured at Amortised Cost
*RYHUQPHQW6HFXULWLHV 43,239.95
'HEW6HFXULWLHV 23,012.81
-RLQW9HQWXUHV8VLQJ(TXLW\0HWKRG
,%2),QYHVWPHQW0DQDJHPHQW3ULYDWH/LPLWHG 35.52
5HIHU1RWH%
3UHIHUHQFH6KDUHV)XOO\3DLGXS
5HOLJDUH&DSLWDO0DUNHWV/LPLWHG 18,500.00
&XPXODWLYH1RQ&RQYHUWLEOH5HIHU1RWH&
3UHIHUHQFH6KDUHV)XOO\3DLGXS2WKHUV 40.95
2WKHUV 0.36
%,QYHVWPHQWV0HDVXUHGDW)DLU9DOXH7KURXJK3UR¿WRU/RVV
0XWXDO)XQGV 4,099.95
$OWHUQDWLYH,QYHVWPHQW)XQGV³$,)´9HQWXUH&DSLWDO)XQGV 2,107.55
3DVV7KURXJK&HUWL¿FDWHV -
(TXLW\,QVWUXPHQWV)XOO\3DLGXS -
2WKHUV5$5&5+')&+/7UXVW5HIHU1RWHJLL 1,936.81
(C) Investments Measured at Fair Value Through Other
Comprehensive Income
(TXLW\,QVWUXPHQWV)XOO\3DLGXS 887.81
2WKHU$SSURYHGE\,5'$6HFXULWLHV 81,459.04
Total - Gross (A + B + C) 175,320.75
L,QYHVWPHQWVRXWVLGH,QGLD -
LL,QYHVWPHQWVLQ,QGLD 175,320.75
Total (D) 175,320.75
/HVV$OORZDQFHIRU,PSDLUPHQW/RVV( 31,545.65
Total - Net [ (A + B + C) - (E) ] 143,775.10

8.1 Breakup of the provision for diminution in value of long term investments is as under:
As at As at As at
Particulars
3UHIHUHQFH6KDUHV5HOLJDUH&DSLWDO0DUNHWV/LPLWHG 18,500.00
3UHIHUHQFH6KDUHV1HWDPELW,QIRVRXUFHDQG(6HUYLFHV3ULYDWH 40.95
/LPLWHG
'HEW6HFXULWLHV263/,QIUDGHDO3ULYDWH/LPLWHG 13,004.70
Total 31,545.65
9. Other Financial Assets

As at As at As at
Particulars
6HFXULW\'HSRVLWV
:LWK6WRFN([FKDQJHV 453.25
:LWK2WKHUV 2,501.74
/HVV/RVV$OORZDQFH$JDLQVW6HFXULW\'HSRVLWV (143.34)
,QWHUHVW$FFUXHG1RWH 9,423.03
/HVV/RVV$OORZDQFH$JDLQVW,QWHUHVW$FFUXHG (532.65)
2WKHU%DQNEDODQFHV
)L[HG'HSRVLW$FFRXQW5HIHU1RWH 1,025.32
'HIHUUHG&RQVLGHUDWLRQ -
/HVV/RVV$OORZDQFH$JDLQVW'HIHUUHG&RQVLGHUDWLRQ -
([FHVV,QWHUHVW6SUHDG 2,043.42
/HVV/RVV$OORZDQFH$JDLQVW([FHVV,QWHUHVW6SUHDG 13.12
5HFRYHUDEOHIRU6XSSRUW6HUYLFHV5HIH1RWH 439.14
/HVV/RVV$OORZDQFH$JDLQVW5HFRYHUDEOHIRU6XSSRUW6HUYLFHV (430.01)
6WDႇ$GYDQFHV 1,624.74
$GYDQFHVWR5HODWHG3DUWLHV 39.65
0DUJLQZLWK([FKDQJHV 3,440.42
0DUJLQZLWK&XVWRGLDQ 1.00
2WKHUV 1,026.15
/HVV/RVV$OORZDQFH$JDLQVW2WKHUV (879.98)
Total 20,045.00
$JDLQVWVDOHRILQYHVWPHQWRILQVXEVLGLDU\FRPSDQLHV
,QFOXGHG5V/DNKV0DUFK1LODQG$SULO1LODGYDQFHJLYHQE\WKH&RPSDQ\WRWKHHPSOR\HHV
RI5HOLJDUH+HDOWK,QVXUDQFH&RPSDQ\/LPLWHG³5+,&/ÍRUEX\LQJVKDUHVRI5+,&/WKURXJKH[HUFLVLQJVKDUHVRSWLRQV
JUDQWHGDQGYHVWHGWRWKHPXQGHU(623VFKHPHRI5+,&/
9.1 ,QWHUHVW$FFUXHG LQFOXGHV LQWHUHVW RQ ¿[HG GHSRVLWV ZLWK /9% DPRXQWLQJ WR 5V /DNKV 0DUFK 5V
/DNKV$OVR5HIHU1RWH
9.2 Recoverable for Support Services
As at As at As at
Particulars
6HFXUHGFRQVLGHUHGJRRG -
8QVHFXUHGFRQVLGHUHGJRRG 439.14
:KLFKKDYHVLJQL¿FDQWLQFUHDVHLQFUHGLWULVN -
Credit impaired -
439.14
/HVV$OORZDQFHIRUOLIHWLPHH[SHFWHGFUHGLWORVV (430.01)
Total 9.13


10. Inventories
As at As at As at
Particulars
Closing Stock of
&RPPRGLWLHV -
'LJLWDO6LJQDWXUH&HUWL¿FDWH³'6&´DQG86%7RNHQV 9.67
Total 9.67
(Refer Note 3(i))
11. Current Tax Assets (Net)
As at As at As at
Particulars
$GYDQFH,QFRPH7D[DQG7D['HGXFWHGDW6RXUFH1HWRI3UR
YLVLRQIRU7D[0DUFK5V/DNKV0DUFK
32,760.93
5V/DNKVDQG$SULO5V
/DNKV
Total 32,760.93
12. Deferred Tax Assets (Net)
As at As at As at
Particulars
7KHEDODQFHFRPSULVHVWHPSRUDU\GLႇHUHQFHVDWWULEXWDEOH
to:
(A) Deferred Tax Assets
([SHFWHG&UHGLW/RVVHV$OORZDQFH 50,528.84
3URYLVLRQIRU(PSOR\HH%HQH¿WV 186.16
&DUU\)RUZDUG/RVVHV 836.77
3URSHUW\3ODQWDQG(TXLSPHQWV 1,048.79
0$7&UHGLW(QWLWOHPHQW 267.87
2WKHUV 204.95
Total (A) 53,073.38
(B) Deferred Tax Liabilities
'HGXFWLRQ8QGHU6HFWLRQYLLLRI,QFRPH7D[$FW
687.43

2WKHUV 3.53
Total (B) 690.96
Total Net (A-B) 52,382.42
5HIHU1RWH


The movement on the deferred tax account is as follows:
For the )RUWKH
Particulars Year Ended on <HDU(QGHGRQ
At the beginning of the year 51,694.28
&UHGLWFKDUJHLQWKH&RQVROLGDWHG6WDWHPHQWRI3UR¿WDQG/RVV1HW)RU 591.87
GHWDLOUHIHU1RWHD
0$7&UHGLW(QWLWOHPHQW&UHDWHG5HYHUVHGLQWKH&RQVROLGDWHG6WDWHPHQW 96.27
RI3UR¿WDQG/RVV1HW
&UHGLWFKDUJHLQWKH2WKHU&RPSUHKHQVLYH,QFRPH1HW -
2QDFFRXQWRI%XVLQHVV&RPELQDWLRQ -
1RQFXUUHQW$VVHWV+HOG)RU6DOH -
At the end of the year 52,382.42
12.1 $VDPDWWHURISUXGHQFH5HOLJDUH)LQYHVW/LPLWHG³5)/´DVXEVLGLDU\RIWKH&RPSDQ\UHVWULFWHGWKHFUHDWLRQRIDGGLWLRQDO

'HIHUUHG7D[$VVHW³'7$´DQGNHSWWKH'7$QHWDW5V/DNKVLQLWVERRNV+HQFH'7$RI5V/DNKV
KDYHEHHQFRQVLGHUHGRQ0DUFKLQLWVVHSDUDWH¿QDQFLDOVWDWHPHQWVFRQVLGHULQJWKHDYDLODELOLW\RIIXWXUHWD[DEOH
SUR¿WDJDLQVWZKLFKWKHGHGXFWLEOHWHPSRUDU\GLႇHUHQFHVDQGXQXVHGWD[ORVVHVFDQEHXWLOLVHG

13 Property, Plant and Equiptment
Current Year
Gross Carrying Value Depreciation Net Carrying Value
Balance Balance Balance Balance Balance Balance
Particulars Additions Ind AS Deletions / Ind AS Deletions /
as at as at as at Depreciation as at as at as at
during Translation Adjustments Translation Adjustments
March 31, March 31, March 31, for the year March 31, March March 31,
the year Adjustment for the year Adjustment for the year
2018 2019 2018 2019 31, 2018 2019
(a) Owned Assets
/DQG

/HDVHKROG,PSURYHPHQWV
2ႈFH(TXLSPHQW
'DWD3URFHVVLQJ0DFKLQHV
)XUQLWXUHV )L[WXUHV
9HKLFOHV
Sub Total (a) 3,839.93 1,484.47 - 123.22 5,201.18 1,304.88 1,125.51 - 49.95 2,380.44 2,535.05 2,820.74
(b) Assets Taken on
Finance Lease
9HKLFOHV
Sub Total (b) 178.10 18.63 - 53.63 143.11 72.87 46.86 - 13.06 106.68 105.22 36.43
Total (a+b) 4,018.03 1,503.10 - 176.85 5,344.29 1,377.75 1,172.37 - 63.01 2,487.12 2,640.27 2,857.17
Previous Year
Gross Carrying Value Depreciation Net Carrying Value
as at as at as at as at as at as at
during the Translation Adjustments Depreciation Translation Adjustments
April 1, March 31, April 1, March April 1, March 31,
year Adjustment for the year for the year Adjustment for the year
2017 * 2018 2017 31, 2018 2017 2018
(a) Owned Assets
/DQG
%XLOGLQJV
/HDVHKROG,PSURYHPHQWV
2ႈFH(TXLSPHQWV
'DWD3URFHVVLQJ0DFKLQHV
)XUQLWXUHV )L[WXUHV
9HKLFOHV
Sub Total (a) 3,050.43 1,110.43 (2.85) 318.08 3,839.93 - 1,373.02 - 68.14 1,304.88 3,047.58 2,535.05
(b) Assets Taken on
Finance Lease
9HKLFOHV
Sub Total (b) 338.72 - - 160.62 178.10 - 127.68 - 54.81 72.87 338.73 105.22
Total (a+b) 3,389.15 1,110.43 (2.85) 478.70 4,018.03 - 1,500.70 - 122.95 1,377.75 3,386.31 2,640.27
5HSUHVHQW'HHPHG&RVWRQWKHGDWHRIWUDQVLWLRQWR,QG$6
159
160
3DUWRIODQGLVPRUWJDJHGDVVHFXULW\IRUGHEHQWXUHKROGHUV
7KHUH DUH QR DGMXVWPHQWV WR 3URSHUW\ 3ODQW DQG (TXLSPHQW RQ DFFRXQW RI ERUURZLQJ FRVWV DQG H[FKDQJH GLႇHUHQFHV7KHUH LV QR UHYDOXDWLRQ RI 3URSHUW\ 3ODQW DQG
(TXLSPHQWGXULQJWKH\HDU
/RVVHVDULVLQJIURPWKHUHWLUHPHQWRIDQGJDLQVRUORVVHVDULVLQJIURPGLVSRVDORIWDQJLEOHDVVHWVZKLFKDUHFDUULHGDWFRVWRUUHYDOXHGDPRXQWDUHUHFRJQLVHGLQWKH
14. Goodwill
Current Year
Gross Carrying Value Amortisation Net Carrying Value
Particulars Ind AS Deletions / Ind AS Deletions /
as at Additions as at as at as at as at as at
Translation Adjustments Amortisation Translation Adjustments
March during March 31, March 31, March 31, March March 31,
Adjustment for the year for the year Adjustment for the year
31, 2018 the year 2019 2018 2019 31, 2018 2019
*RRGZLOORQ&RQVROLGDWLRQ
*RRGZLOORQ%XVLQHVV

$FTXLVLWLRQ
Total 1,899.00 - - - 1,899.00 926.96 - - - 926.96 972.04 972.04
Previous Year
Balance Balance Balance Balance Balance
Particulars Ind AS Deletions / Balance Ind AS Deletions /
as at Additions as at as at as at as at
Translation Adjustments as at April Amortisation Translation Adjustments
April 1, during March 31, March 31, April 1, March 31,
Adjustment for the year 1, 2017 for the year Adjustment for the year
2017 * the year 2018 2018 2017 2018

*RRGZLOORQ&RQVROLGDWLRQ
*RRGZLOORQ%XVLQHVV

$FTXLVLWLRQ
Total 2,653.13 - (754.13) - 1,899.00 926.96 - - - 926.96 972.04 972.04
)RUWKHSXUSRVHRILPSDLUPHQWWHVWLQJJRRGZLOOLVDOORFDWHGWRD&DVK*HQHUDWLQJ8QLWV³&*8ÚHSUHVHQWLQJWKHORZHVWOHYHOZLWKLQWKH*URXSDWZKLFK
JRRGZLOOLVPRQLWRUHGIRULQWHUQDOPDQDJHPHQWSXUSRVHVDQGZKLFKLVQRWKLJKHUWKDQWKHRSHUDWLQJVHJPHQW*RRGZLOOLVWHVWHGIRULPSDLUPHQWDWOHDVW
DQQXDOO\LQDFFRUGDQFHZLWKWKH*URXS¶VSURFHGXUHIRUGHWHUPLQLQJWKHUHFRYHUDEOHYDOXHRIHDFK&*8
7KHUHFRYHUDEOHDPRXQWRIWKH&*8LVGHWHUPLQHGRQWKHEDVLVRI)DLU9DOXH/HVV&RVWRI'LVSRVDO³)9/&'´7KH)9/&'RIWKH&*8LVGHWHUPLQHG
EDVHGRQWKHPDUNHWFDSLWDOLVDWLRQDSSURDFKXVLQJWKHWXUQRYHUDQGHDUQLQJVPXOWLSOHVGHULYHGIURPREVHUYDEOHPDUNHWGDWD7KHIDLUYDOXHPHDVXUHPHQW
LVFDWHJRULVHGDVDOHYHOIDLUYDOXHEDVHGRQWKHLQSXWVLQWKHYDOXDWLRQWHFKQLTXHVXVHG
%DVHGRQWKHDERYHWHVWLQJQRLPSDLUPHQWZDVLGHQWL¿HGDVDW0DUFK0DUFKDQG$SULODVWKHUHFRYHUDEOHYDOXHRIWKH&*8V
H[FHHGHGWKHFDUU\LQJYDOXH)XUWKHUQRQHRIWKH&*8¶VWHVWHGIRULPSDLUPHQWDVDW0DUFK0DUFKDQG$SULOZHUHDWULVNRI
LPSDLUPHQW$QDQDO\VLVRIWKHFDOFXODWLRQ¶VVHQVLWLYLW\WRDFKDQJHLQWKHNH\SDUDPHWHUVWXUQRYHUDQGHDUQLQJVPXOWLSOHVGLGQRWLGHQWLI\DQ\SUREDEOH
VFHQDULRVZKHUHWKH&*8¶VUHFRYHUDEOHDPRXQWZRXOGIDOOEHORZLWVFDUU\LQJDPRXQW

15. Other Intangible Assets
Current Year
as at as at as at Amortisation as at as at as at
during the Translation Adjustments Translation Adjustments
March March 31, March for the year March 31, March March 31,
year Adjustment for the year Adjustment for the year
31, 2018 2019 31, 2018 2019 31, 2018 2019
&RPSXWHU6RIWZDUHV
Total 5,860.46 1,493.49 - - 7,353.95 1,504.81 1,400.77 - 0.11 2,905.47 4,355.65 4,448.48

Previous Year
during the Translation Adjustments Amortisation Translation Adjustments
April 1, March 31, April 1, March 31, April 1, March 31,
2017 * 2018 2017 2018 2017 2018
&RPSXWHU6RIWZDUHV
Total 4,229.65 1,631.98 (0.03) 1.14 5,860.46 - 1,505.17 - 0.36 1,504.81 4,229.62 4,355.65
7KHUHDUHQRDGMXVWPHQWVWR,QWDQJLEOH$VVHWVRQDFFRXQWRIERUURZLQJFRVWVDQGH[FKDQJHGLႇHUHQFHV7KHUHLVQRUHYDOXDWLRQRI,QWDQJLEOH$VVHWV
GXULQJWKH\HDU
7KH*URXSGRHVQRWKDYHDQ\LQWHUQDOO\JHQHUDWHGLQWDQJLEOHDVVHWV
/RVVHVDULVLQJIURPWKHUHWLUHPHQWRIDQGJDLQVRUORVVHVDULVLQJIURPGLVSRVDORILQWDQJLEOHDVVHWVZKLFKDUHFDUULHGDWFRVWRUUHYDOXHGDPRXQWDUH
16. Capital Work In Progress

Current Year
as at as at as at Depreciation as at as at as at
during the Translation Adjustments Translation Adjustments
March March 31, March for the year March 31, March March
year Adjustment for the year Adjustment for the year
31, 2018 2019 31, 2018 2019 31, 2018 31, 2019
/HDVHKROG3UHPLVHV
Total - 67.50 - - 67.50 - - - - - - 67.50
Previous Year: Nil
161
162
17 Intangible Assets Under Developments
Current Year
during the Translation Adjustments Depreciation Translation Adjustments
March March 31, March March 31, March March
31, 2018 2019 31, 2018 2019 31, 2018 31, 2019
&RPSXWHU6RIWZDUHV
:HEVLWH'HVLJQDQG

'HYHORSPHQW
Total 1,118.59 590.39 - 390.23 1,318.75 - - - - - 1,118.59 1,318.75
Previous Year:
Balance Ind AS Balance Balance Balance Balance
Particulars Additions Deletions / Balance Ind AS Deletions /
as at Transla- as at Depreciation as at as at as at
during the Adjustments as at April Translation Adjustments
April 1, tion Ad- March 31, for the year March 31, April 1, March 31,
year for the year 1, 2017 Adjustment for the year
2017 justment 2018 2018 2017 2018
&RPSXWHU6RIWZDUHV
:HEVLWH'HVLJQDQG

'HYHORSPHQW
Total 1,190.74 559.27 - 631.42 1,118.59 - - - - - 1,190.74 1,118.59



18. Other Non Financial Assets
As at As at As at
Particulars
%DODQFH:LWK7D[$XWKRULWLHV 5,849.18
%DODQFH:LWK3URYLGHQW)XQG$XWKRULW\ 21.46
3UHSDLG([SHQVHV 2,589.08
'HSRVLWV3DLG8QGHU3URWHVW 119.67
$GYDQFHVWR5HODWHG3DUWLHVIRUVHUYLFHV 1,326.50
/HVV/RVV$OORZDQFH$JDLQVW$GYDQFHVWR5HODWHG3DUWLHV (1,326.50)
$UW:RUNV 1.78
Capital Advances 52.49
)ODWV8QGHU&RQVWUXFWLRQ+HOG)RU6DOH -
5HSRVVHVHG$VVHWV+HOG)RU6DOH 21,483.96
/HVV/RVV$OORZDQFH$JDLQVW$VVHWV+HOG)RU6DOH (1,270.19)
2WKHUV 869.12
/HVV/RVV$OORZDQFH$JDLQVW2WKHUV (47.67)
Total 29,668.88
19. Trade Payables
As at As at As at
Particulars
LWRWDORXWVWDQGLQJGXHVRIPLFURHQWHUSULVHVDQGVPDOO
47.03
enterprises
LLWRWDORXWVWDQGLQJGXHVRIFUHGLWRUVRWKHUWKDQPLFURHQWHU
26,332.36
prises and small enterprises
Total 26,379.39
20. Other Payables

As at As at As at
Particulars
LWRWDORXWVWDQGLQJGXHVRIPLFURHQWHUSULVHVDQGVPDOO
-
enterprises
LLWRWDORXWVWDQGLQJGXHVRIFUHGLWRUVRWKHUWKDQPLFURHQWHU
14,053.94
prises and small enterprises
Total 14,053.94


21. Debt Securitie
As at As at As at
Particulars
Debt Securities Measured at Amortised Cost
'HEHQWXUHV6HFXUHG5HIHU1RWH -
&RPPHUFLDO3DSHUV8QVHFXUHG5HIHU1RWH -
Total -
'HEW6HFXULWLHVLQ,QGLD -
'HEW6HFXULWLHVRXWVLGH,QGLD -
Total -
21.1 Schedule of Debentures
As at As at As at
Particulars
I. Secured
Redeemable Non - Convertible Debentures
L3ULYDWHO\3ODFHG -
LL3XEOLFO\3ODFHG -
Total (I) -
II. Unsecured
Redeemable Non - Convertible Debentures
L3ULYDWHO\3ODFHG -
LL3XEOLFO\3ODFHG -
Total (II) -
Grand Total (I+II) -

Additional particulars of debentures in descending order of maturity as per sub-clause (iv) of clause L of Division III of
Part II of Schedule III to the Companies Act, 2013
I. Secured Debentures
(i) Details of Privately Placed Secured Debentures
D 'HWDLOVRI3ULYDWHO\3ODFHG6HFXUHG5HGHHPDEOH1RQ&RQYHUWLEOH'HEHQWXUHV³1&'V´RXWVWDQGLQJDVRQ0DUFK
ZKLFKDUHVHFXUHGE\5)/¶VLPPRYDEOHSURSHUW\DQG¿UVWSDULSDVVXFKDUJHRYHUVWDQGDUGEXVLQHVVUHFHLYDEOHVRIWKH
&RPSDQ\ZLWK$VVHW&RYHURI;DVDSSOLFDEOH
3XWDQG
S. As at As at As at 'DWHRI 5HGHPSWLRQ
Coupon Rate (% p.a.) Call
No. March 31, 2019 0DUFK $SULO Allotment 'XH2Q
2SWLRQ
-XQ $SU 1$
0D\ 0D\ 1$
-XQ 0D\ 1$
4 )HE 0D\ 1$
$XJ 0D\ 1$
2Q;,55%DVLV $XJ -XO 1$
7 $XJ $XJ 1$
2Q;,55%DVLV 'HF 2FW 1$
2Q;,55%DVLV 1RY 1RY 1$
'HF 'HF 1$
2Q;,55%DVLV )HE )HE 1$
)HE )HE 1$
2Q;,55%DVLV $SU 0DU 1$
-XQ 0DU 1$
0DU 0DU 1$
0D\ 0D\ 1$
0D\ -XO 1$
2Q;,55%DVLV $SU -XO 1$
0D\ -XO 1$
0D\ -XO 1$
-XQ -XO 1$
Total (a) -
E 'HWDLOVRI3ULYDWHO\3ODFHG6HFXUHG5HGHHPDEOH1&'¶VRXWVWDQGLQJDVRQ0DUFKDQGSUHYLRXV\HDUVZKLFKDUH
VHFXUHGE\ZD\RI¿UVWPRUWJDJHFKDUJHRQWKH*URXS¶VDVVHWDQG,QYHVWPHQWLQ(TXLW\6KDUHVRILWVFHUWDLQVXEVLGLDULHV
DQGWKHDVVHWVFRYHUWKHUHRIH[FHHGVKXQGUHGSHUFHQWRIWKHSULQFLSDODPRXQWRIWKHVDLGGHEHQWXUHVLVDVXQGHU
3XWDQG
Coupon Rate (% p.a.) Call
2SWLRQ
0DU -XQ 1$
RQ;,55EDVLV 0DU )HE No
RQ;,55EDVLV 0DU 0DU No
Total (b)


F 'HWDLOVRI3ULYDWHO\3ODFHG6HFXUHG/LVWHG5HGHHPDEOH1RQ&RQYHUWLEOH'HEHQWXUHV1&'¶VRXWVWDQGLQJDVRQ0DUFK
ZKLFKDUHVHFXUHGE\ZD\RI3DUL3DVXFKDUJHRYHUWKHORDQUHFHLYDEOHLQFOXGLQJLQWHUHVWLIDQ\RI5HOLJDUH
&RPWUDGH/LPLWHGDVXEVLGLDU\RIWKH&RPSDQ\WKURXJKRXWWKHWHQXUHRI1&'ZLWKDQDVVHWFRYHURIWLPHSULQFLSDOSOXV
LQWHUHVWLQDFFRUGDQFHZLWKWKHGHQWXUHWUXVWGHHGLVDVXQGHU
3XWDQG
S. Coupon Rate (% As at As at As at 'DWHRI 5HGHPSWLRQ
Call
No. p.a.) March 31, 2019 0DUFK $SULO Allotment 'XH2Q
2SWLRQ
- 2FW 2FW 1$
Total (c) -
Total Privately Placed

Secured Debentures (i)
(a+b+c) -
2Q0DUFKWKH&RPSDQ\KDGDOORWWHG/LVWHG5DWHG6HFXUHG1RQ&RQYHUWLEOH'HEHQWXUHVRIIDFHYDOXH
RI5VHDFKZKLFKZHUHVHFXUHGE\FKDUJHRYHUODQGRIWKH&RPSDQ\LQ*XMDUDWDQGSOHGJHRYHUHTXLW\
VKDUHVRI5HOLJDUH)LQYHVW/LPLWHG
7KHVHZHUHVHFXUHGE\)LUVW3DUL3DVVXFKDUJHRYHUVWDQGDUGEXVLQHVVUHFHLYDEOHVRIDVXEVLGLDU\FRPSDQ\5HOLJDUH
+RXVLQJ'HYHORSPHQW)LQDQFH&RUSRUDWLRQ/LPLWHGWRWKHH[WHQWRIWLPHVLQIDYRXURIWKH'HEHQWXUH7UXVWHHIRUWKH
EHQH¿WRIWKH'HEHQWXUH+ROGHUVDQGWKHVXEVLGLDU\FRPSDQ\VKDOOPDLQWDLQWKHPLQLPXPDVVHWFRYHURIWLPHVDWDOO
WLPHVGXULQJWKHFXUUHQF\RIWKH'HEHQWXUHV
(ii) Details of Publicly Placed Secured Debentures
'HWDLOVRI3XEOLFO\3ODFHG6HFXUHG5HGHHPDEOH1&'VRXWVWDQGLQJDVRQ0DUFKZKLFKDUHVHFXUHGE\SDULSDVVX
PRUWJDJHRYHUWKH5)/¶VLPPRYDEOHSURSHUW\DQG¿UVWSDULSDVVXFKDUJHRYHUVWDQGDUGEXVLQHVVUHFHLYDEOHVRI5)/ZLWK
$VVHW&RYHURI;DVDSSOLFDEOH
Coupon Rate (% p.a.)
- 2FW 2FW
- 2FW 2FW
- 2FW 2FW
4 - 2FW 2FW
- 2FW $XJ
- 2FW 2FW
Total of Publicly Placed Secured -
Debentures (ii)
1RQHRIWKHDERYHGHEHQWXUHVKDYHEHHQJXDUDQWHHGE\'LUHFWRUVRIWKHDQ\*URXSFRPSDQ\
&RPPHUFLDO3DSHUV8QVHFXUHG

As at As at As at
Particulars
'LVFRXQW5DWH - WR WR
'HFHPEHU $SULOWR
,VVXHGGDWHWR5HGHPSWLRQ'DWH -
WR0D\ 1RYHPEHU
7RWDO2XWVWDQGLQJ%DODQFH -
/HVV8QDPRUWLVHG'LVFRXQW -
Net Outstanding Balance -

22. Borrowings (Other than Debt Securities)

As at As at As at
Particulars
Current
Borrowings Measured at Amortised Cost
(a) Secured
7HUP/RDQV
L)URP%DQNV5HIHU1RWH 490,276.55
LL)URP2WKHU3DUWLHV5HIHU1RWH 34,861.84
)LQDQFH/HDVH2EOLJDWLRQV5HIHU1RWH 50.94
/RDQV5HSD\DEOHRQ'HPDQG
L)URP%DQNV5HIHU1RWH 79,386.61
LL)URP2WKHU3DUWLHV -
Sub-Total (a) 604,575.94
(b) Unsecured
7HUP/RDQV
L)URP%DQNV5HIHU1RWH 750.00
LL)URP2WKHU3DUWLHV -
/LDELOLW\&RPSRQHQWRI&RPSRXQG)LQDQFLDO,QVWUXPHQWV
7,461.14
5HIHU1RWH
/RDQV5HSD\DEOHRQ'HPDQG
L)URP%DQNV -
LL)URP2WKHU3DUWLHV5HIHU1RWH 2,550.67
Sub-Total (b) 10,761.81
Total (a+b) 615,337.75
%RUURZLQJVLQ,QGLD 615,337.75
%RUURZLQJVRXWVLGH,QGLD -
Total 615,337.75
22.1 Secured Term Loans From Banks

Sanctioned As at As at As at
Repayment Term
Tenure March 31, 2019 0DUFK $SULO
2YHU0RQWKV 327,715.58
WR0RQWKV 19,353.61
Annually
WR0RQWKV -
WR0RQWKV -
2YHU0RQWKV 7,047.59
WR0RQWKV 2,500.00
Semi Annually
WR0RQWKV 1,250.00
WR0RQWKV -

Repayment Term
2YHU0RQWKV 72,222.69
WR0RQWKV 59,356.25
4XDUWHUO\
WR0RQWKV -
WR0RQWKV -
2YHU0RQWKV 71.57
WR0RQWKV 9.26
0RQWKO\
WR0RQWKV -
WR0RQWKV 750.00
2YHU0RQWKV -
WR0RQWKV -
%XOOHW
WR0RQWKV -
WR0RQWKV -
Total 490,276.55
$OO6HFXUHG7HUPORDQVIURP%DQNVDVRQ0DUFK0DUFKDQG$SULODUHVHFXUHGDJDLQVW³ÀRDWLQJ
¿UVWFKDUJHRQSDULSDVVXEDVLVRQDOOWKHSUHVHQWDQGIXWXUHVWDQGDUGEXVLQHVVUHFHLYDEOHVDQGFXUUHQWDVVHWVLQWKHIRUP
RIFDVKDQGFDVKHTXLYDOHQW´RIWKHUHVSHFWLYHVXEVLGLDU\FRPSDQLHV
7KHSULFLQJRIWKHDERYHORDQVDYDLOHGIURPEDQNVDUHDWWKHUDWHRILQWHUHVWUHVSHFWLYHEDQN¶VEDVHUDWH0&/5SOXVD
PDUJLQXSWR0DUFKXSWRDQG$SULOXSWR
22.2 Secured Term Loans From Others Parties
Repayment Term
2YHU0RQWKV 32,361.84
WR0RQWKV 2,500.00
4XDUWHUO\
WR0RQWKV -
WR0RQWKV -
2YHU0RQWKV -
WR0RQWKV -
0RQWKO\
WR0RQWKV -
WR0RQWKV -
2YHU0RQWKV -
WR0RQWKV -
%XOOHW
WR0RQWKV -
WR0RQWKV -
Total 34,861.84
$OOWKHDERYH6HFXUHG7HUPORDQVIURP2WKHUVDVRQ0DUFKDUHVHFXUHGDJDLQVW³)ORDWLQJ)LUVWFKDUJHRQ3DUL
3DVVXEDVLVRQDOOWKHSUHVHQWDQGIXWXUHVWDQGDUGEXVLQHVVUHFHLYDEOHVDQG&XUUHQW$VVHWVLQWKHIRUPRI&DVKDQG&DVK
(TXLYDOHQWRIWKHUHVSHFWLYHVXEVLGLDU\FRPSDQLHV´)RU3UHYLRXV\HDU$OOWKHDERYH6HFXUHG7HUPORDQVIURP2WKHUVDV
RQ0DUFKDUHVHFXUHGDJDLQVW³)ORDWLQJ)LUVWFKDUJHRQ3DUL3DVVXEDVLVRQDOOWKHSUHVHQWDQGIXWXUHVWDQGDUG
EXVLQHVVUHFHLYDEOHVDQG&XUUHQW$VVHWVLQWKHIRUPRI&DVKDQG&DVK(TXLYDOHQWRIWKHUHVSHFWLYHVXEVLGLDU\FRPSDQLHV
DQGE\ZD\RISOHGJHRIVKDUHV´$SULODOOWKHDERYH6HFXUHG7HUPORDQVIURP2WKHUVDVRQ$SULODUH
VHFXUHGDJDLQVW³)ORDWLQJ)LUVWFKDUJHRQ3DUL3DVVXEDVLVRQDOOWKHSUHVHQWDQGIXWXUH%XVLQHVVUHFHLYDEOHVDQG&XUUHQW
$VVHWVLQWKHIRUPRI&DVKDQG&DVK(TXLYDOHQWRIWKHUHVSHFWLYHVXEVLGLDU\FRPSDQLHVDQGE\ZD\RISOHGJHRIVKDUHV
DQGPXWXDOIXQGV´
7KHSULFLQJRIWKHDERYHORDQVDYDLOHGE\WKHFRPSDQ\DUHDWWKHUDWHRIUHVSHFWLYHOHQGHU¶V3/5OHVVDPDUJLQXSWR
0DUFKXSWRDQG$SULOXSWR


22.3 Finance Lease Obligations
$OOWKHDERYHORDQVDVRQ0DUFK0DUFKDQG$SULODUHVHFXUHGE\K\SRWKHFDWLRQRIWKHYHKLFOHV
7KHSULFLQJRIWKHORDQVDYDLOHGE\WKH*URXSDUHDWWKHUDWHRILQDOO\HDUV
22.4 Secured Loans Repayable on Demand From Banks

As at As at As at
Nature of Security Interest Rate
D)ORDWLQJ)LUVWFKDUJHRQSDULSDVVX 5HVSHFWLYH %DQN¶V 62,073.63
EDVLV RQ DOO SUHVHQW DQG IXWXUH %DVH 5DWH 0&/5
VWDQGDUG EXVLQHVV UHFHLYDEOHV plus a margin up to
DQG &XUUHQW $VVHWV LQ WKH IRUP RI 0DUFK
&DVK DQG &DVK (TXLYDOHQW RI D XS WR
VXEVLGLDU\ FRPSDQ\7KH RYHUGUDIW DQG $SULO
IDFLOLW\LVVHFXUHGE\¿[HGGHSRVLW XSWR
E%RRN'HEWV WR 6,985.51
0DUFK
DQG $SULO
WR

F)L[HG'HSRVLWVZLWK%DQNV 5HVSHFWLYH ¿[HG 5,327.47
deposit interest rate
SOXVDPDUJLQ
WR 0DUFK
WR
DQG $SULO
WRSD
G6KDUHVVWRFNVO\LQJLQSRRO WR 5,000.00
DFFRXQWVRIDVXEVLGLDU\ 0DUFK
WR
DQG 0DUFK
WR

Total 79,386.61
22.5 3ULFLQJIRUXQVHFXUHGVKRUWWHUPORDQVIURPEDQNVLVDW0DUJLQDO&RVWRI)XQGVEDVHG/HQGLQJ5DWHLH0&/5
22.6 Liability Component of Compound Financial Instruments
5HGHHPDEOHSUHIHUHQFHVKDUHVDFFRXQWHGDVD¿QDQFLDOOLDELOLW\PHDVXUHGLQLWLDOO\DWWKHIDLUYDOXHDQGVXEVHTXHQWO\DW
DPRUWL]HGFRVWZLWKWKHLQWHUHVWDFFUHWLRQDW(,5EDVHGRQWKH,55FDOFXODWHGRQWKH\LHOGWKHUHRQ
13.66% Cumulative Redeemable Preference Shares
7KHIDFHYDOXHRIHDFKVKDUHVLV5V7KHVKDUHVKDOOKDYHYRWLQJULJKWVDSSOLFDEOHWRWKHSUHIHUHQFHVKDUHXQGHUWKH
&RPSDQLHV$FW (DFK SUHIHUHQFH VKDUH KROGHU KDV ULJKW WR UHFHLYH LQ SULRULW\ WR HTXLW\ VKDUHKROGHUV SUHIHUHQFH
GLYLGHQGRQFXPXODWLYHEDVLVDWWKHUDWHQRWH[FHHGLQJSHU¿QDQFLDO\HDU7KHDJJUHJDWHVKDUHVDOORWWHGZHUH
DW5VLQFOXGLQJSUHPLXPRI5VSHUVKDUHRIZKLFKWKH&RPSDQ\KDGDOUHDG\UHGHHPHG
VKDUHVDWSUHPLXPLQSULRU\HDUV7KHDERYHVKDUHVZHUHUHGHHPDEOHDWDQDPRXQWLQFOXGLQJSUHPLXPQRWH[FHHGLQJ5V
SHUVKDUHRQ2FWREHU$OVRUHIHU1RWHD,,,
0.01% Non Convertible Non Cumulative Redeemable Preference Shares
7KHIDFHYDOXHRIHDFKVKDUHLV5V7KHVKDUHVKDOOKDYHYRWLQJULJKWVDSSOLFDEOHWRWKHSUHIHUHQFHVKDUHXQGHUWKH
&RPSDQLHV$FW (DFK SUHIHUHQFH VKDUH KROGHU KDV ULJKW WR UHFHLYH LQ SULRULW\ WR HTXLW\ VKDUHKROGHU SUHIHUHQFH
GLYLGHQGRQQRQFXPXODWLYHEDVLVDWWKHUDWHQRWH[FHHGLQJSHU¿QDQFLDO\HDU7KHVKDUHVDOORWWHGZHUH
LQRQHWUDQFKHRQ$XJXVW7KHDERYHVKDUHVDUHUHGHHPDEOHDWDQDPRXQWLQFOXGLQJSUHPLXPQRWH[FHHGLQJ
5VSHUVKDUHRQ$XJXVW


22.7 Pricing for Unsecured Loans Repayable on Demand From Other Parties
S. As at As at As at
Pricing of Loans
No. March 31, 2019 0DUFK $SULO
1$$SULOSD -
WRSD0DUFKWR -
SDDQG$SULOWRSD
WR 2,550.67
Total 2,550.67
22.8 7KHUHLVQRGHIDXOWDVRQWKHEDODQFHVKHHWGDWHLQUHSD\PHQWRIDERYHORDQVDQGLQWHUHVWWKHUHRQ7KH*URXSFRPSDQLHV
KDYHPDGHSD\PHQWVWRZDUGVSULQFLSDOUHSD\PHQWVDQGLQWHUHVWWLOO0DUFKDVSHUPXWXDOO\DJUHHGFRQWUDFWXDO
WHUPV5HIHU1RWHDH[FHSWIRULQWHUHVWRI5VODNKVE\5HOLJDUH+RXVLQJ'HYHORSPHQW)LQDQFH&RUSRUDWLRQ
/LPLWHGDVXEVLGLDU\RIWKH&RPSDQ\GXHWR6WDWH%DQNRI,QGLDIRUWKHPRQWKRI0DUFKZKLFKKDVEHHQVXEVHTXHQWO\
SDLGEHIRUHVLJQLQJRI¿QDQFLDOVWDWHPHQWV
22.9 1RQHRIWKHDERYHWHUPORDQVKDYHEHHQJXDUDQWHHGE\WKHDQ\GLUHFWRURIWKH*URXSFRPSDQLHV
23. Subordinated Liabilities
As at As at As at
Particulars
Subordinated Liabilities Measured at Amortised Cost

Unsecured
7HUP/RDQ)URP%DQN5HIHU1RWH 34,794.41
'HEHQWXUHV5HIHU1RWH 22,000.00
2WKHUV -
Total 56,794.41
6XERUGLQDWHG/LDELOLWLHVLQ,QGLD 56,794.41
6XERUGLQDWHG/LDELOLWLHVRXWVLGH,QGLD -
Total 56,794.41
$ERYH8QVHFXUHG7HUP/RDQVIURP%DQNVDQGGHEHQWXUHVDUHVXERUGLQDWHGLQQDWXUHDQGTXDOLI\IRULQFOXVLRQLQ7LHU,,
FDSLWDOIXQGIRUWKHFRPSXWDWLRQRI&DSLWDOWR5LVN$VVHWV5DWLR³&5$5´RIWKH1%)&VXEVLGLDU\FRPSDQ\
23.1 Subordinated Liabilities - Unsecured Term Loans From Banks
As at As at As at
Repayment Term Sanctioned Tenure
2YHU0RQWKV -

WR0RQWKV 9,994.52
%XOOHW
WR0RQWKV 24,799.89
WR0RQWKV -
Total 34,794.41
7KHSULFLQJRIWKHDERYHORDQVDYDLOHGDUHDWWKHUDWHRIUHVSHFWLYH%DQN¶V%DVH5DWHSOXVDPDUJLQXSWR0DUFK
XSWRDQG$SULOXSWR

23.2 Subordinated Liabilities - Privately Placed Unsecured Redeemable Non-Convertible Debentures

S. As at As at As at Date of Redemption
Coupon Rate
No. March 31, 2019 March 31, 2018 April 1, 2017 Allotment Due On
- $XJ 0DU
- -XO $SU
- $XJ 0D\
4 - )HE 0D\
- 1RY 0D\
10,000.00 'HF -XQ
7 - 2FW -XO
- 6HS $SU
5,000.00 2FW 2FW
4,200.00 -DQ -DQ
800.00 )HE )HE
2,000.00 0DU 0DU
Total 22,000.00
23.3 1RQHRIWKHDERYHWHUPORDQVKDYHEHHQJXDUDQWHHGE\'LUHFWRUVRIWKHDQ\*URXSFRPSDQ\
23.4 7KHUH LV QR GHIDXOW DV RQ WKH EDODQFH VKHHW GDWH LQ UHSD\PHQW RI DERYH WHUP ORDQV DQG LQWHUHVW WKHUHRQ 7KH *URXS
FRPSDQLHVKDYHPDGHSD\PHQWVWRZDUGVSULQFLSDOUHSD\PHQWVDQGLQWHUHVWWLOO0DUFKDVSHUPXWXDOO\DJUHHG
FRQWUDFWXDOWHUPV5HIHU1RWHD
24. Other Financial Liabilities

As at As at As at
Particulars
,QWHUHVW$FFUXHGDQG'XH 107.15
,QWHUHVW$FFUXHGEXWQRW'XH 1,389.12
8QFODLPHG'LYLGHQG5HIHU1RWH -
8QFODLPHG'HEHQWXUH5HIXQGDQG,QWHUHVW7KHUHRQ 124.97
8QFODLPHG$PRXQWRI3ROLF\+ROGHUV 194.85
%RRN2YHUGUDIW 323.51
6HFXULW\'HSRVLWV,QFOXGLQJ0DUJLQIRU9HKLFOHV 2,970.37
'HEW6HUYLFH5HVHUYH³'65´DQG2WKHU$FFRXQWV 1,020.27
0DUJLQ'HSRVLWV)URP&OLHQWV 21,565.91
&UHGLWRUVIRU([SHQVHV 5,956.48
3D\DEOH)RU$VVLJQPHQWDQG6HFXULWLVDWLRQ7UDQVDFWLRQV 2,863.10
&ODLPV2XWVWDQGLQJ 16,475.87
0DUJLQIRU9HKLFOH 12.64
2WKHU/LDELOLWLHV 5,698.44
Total 58,702.68
7KHVHDUHSULPDULO\WKHLQWHUHVWFKDUJHGE\WKHEDQNVWKDWEHFRPHVGXHJHQHUDOO\RQWKHFORVHRIWKHEDQNLQJKRXUV
5HDOLVDWLRQE\WKHEDQNVLVSURFHVVHGGXULQJQH[WZRUNLQJGD\
24.1 'XULQJ WKH \HDU HQGHG 0DUFK XQSDLG GLYLGHQG RI 5V /DNKV SHUWDLQLQJ WR WKH \HDU KDV EHHQ
WUDQVIHUUHGWR,QYHVWRU(GXFDWLRQDQG3URWHFWLRQ)XQG³,(3)´DFFRXQWRI&HQWUDO*RYHUQPHQWIURPWKHUHVWULFWHGEDQN
DFFRXQWV$OVRUHIHUUHGLQ1RWH


25. Provisions
As at As at As at
Particulars
3URYLVLRQIRU(PSOR\HH%HQH¿WV
*UDWXLW\ 374.38
/HDYH(QFDVKPHQW 1,140.52
Total 1,514.90
26. Other Non Financial Liabilities

As at As at As at
Particulars
6WDWXWRU\'XH3D\DEOH 7,913.98
$GYDQFHV)URP&XVWRPHUV&OLHQWV 2,461.97
5HYHQXH5HFHLYHGLQ$GYDQFH 1.22
/HDVH(TXDOLVDWLRQ5HVHUYH 12.94
8QH[SLUHG5LVN5HVHUYH³855´ 57,034.87
2WKHU/LDELOLWLHV 1,408.45
8QDOORFDWHG3UHPLXP 3,189.43
3UHPLXPV5HFHLYHGLQ$GYDQFH 7,752.09
2WKHUV 20.21
Total 79,795.16
8QH[SLUHG5LVN5HVHUYHUHSUHVHQWVWKDWSDUWRIWKHQHWZULWWHQSUHPLXPLHSUHPLXPQHWRIUHLQVXUDQFHFHGHGZKLFK
LVDWWULEXWDEOHWRDQGVHWDVLGHIRUVXEVHTXHQWULVNVWREHERUQHE\WKH&RPSDQ\XQGHUFRQWUDFWXDOREOLJDWLRQVRQFRQWUDFW
SHULRGEDVLV
As at As at
Particulars
2SHQLQJ%DODQFH 39,579.75
/HVV$PRXQWXWLOL]HGGXULQJWKH\HDU 39,579.75
$GG3URYLVLRQPDGHGXULQJWKH\HDU 57,034.87
Closing Balance 57,034.87
27. Equity Share Capital
Particulars As at As at As at
Authorized Capital
0DUFKDQG$SULO 65,445.00
(TXLW\6KDUHVRI5VHDFK
Total 65,445.00
Issued, subscribed and paid up
0DUFKDQG$SULO 21,694.27
(TXLW\6KDUHVRI5VHDFKIXOO\SDLGXS
Total 21,694.27


27.1 Reconciliation of the shares outstanding at the beginning and at the end of reporting period
As at As at As at
Particulars March 31, 2019 0DUFK $SULO
Number Amount 1XPEHU Amount 1XPEHU Amount

Equity Shares of 10 each Fully Paid Up
%DODQFHDVDWWKHEHJLQQLQJRIWKH\HDU 178,455,248 17,845.52
$GG6KDUHVLVVXHGGXULQJWKH\HDU 38,487,485 3,848.75
Balance as at the end of the year 216,942,733 21,694.27
27.2 The rights, preferences and restrictions attaching to equity shares including restrictions on the distribution of
dividends and the repayment of capital is as under:
7KH&RPSDQ\KDVRQO\RQHFODVVRIHTXLW\VKDUHVKDYLQJDIDFHYDOXHRI5VSHUVKDUH(DFKVKDUHKROGHULVHQWLWOHG
WRRQHYRWHSHUVKDUHKHOG'LYLGHQGLIDQ\GHFODUHGLVSD\DEOHLQ,QGLDQ5XSHHV7KHGLYLGHQGSURSRVHGLIDQ\E\WKH
%RDUGRIWKH'LUHFWRUVLVVXEMHFWWRWKHDSSURYDORIWKHVKDUHKROGHUVLQWKHHQVXLQJ$QQXDO*HQHUDO0HHWLQJH[FHSWLQ
FDVHRI,QWHULP'LYLGHQG,QWKHHYHQWRIWKHOLTXLGDWLRQRIWKH&RPSDQ\WKHKROGHURIWKHHTXLW\VKDUHVZLOOEHHQWLWOHGWR
UHFHLYHDQ\RIWKHUHPDLQLQJDVVHWVRIWKH&RPSDQ\DIWHUGLVWULEXWLRQRIDOOSUHIHUHQWLDODPRXQWV7KHGLVWULEXWLRQZLOOEHLQ
SURSRUWLRQRIWKHQXPEHURIWKHHTXLW\VKDUHVKHOGE\WKHHTXLW\VKDUHKROGHUV
5%,YLGHOHWWHUGDWHG$SULOKDVDGYLVHGWKH&RPSDQ\WRVWRSSD\LQJGLYLGHQGVWLOOIXUWKHURUGHU
27.3 Details of the shareholders holding more than 5% of the aggregate shares in the Company:
As at As at As at
Name of the Shareholder
No. of % of 1RRI RI 1RRI RI
Shares held Holding Shares held +ROGLQJ Shares held +ROGLQJ
Equity Shares
5+&)LQDQFH3ULYDWH/LPLWHG - -
0DOYLQGHU0RKDQ6LQJK - -
6KLYLQGHU0RKDQ6LQJK - -
5+&+ROGLQJ3ULYDWH/LPLWHG - -
6KDEQDP'KLOORQ - -
,QGLD+RUL]RQ)XQG/LPLWHG 17,838,467 8.22
,QWHUQDWLRQDO)LQDQFH&RUSRUDWLRQ 12,818,331 5.91
5HVLOLHQW,QGLD*URZWK)XQG 17,638,579 8.13
$[LV%DQN/LPLWHG 16,108,794 7.42
:LQ6XUH7UDGH,QYHVW3ULYDWH/LPLWHG 12,882,106 5.94
5RFN%XLOGHUV$QG'HYHORSHUV3ULYDWH
/LPLWHGRQEHKDOIRI&KDQGUDNDQWD
(QWHUSULVH


27.4 7KHUHDUHQRVHFXULWLHVWKDWDUHFRQYHUWLEOHLQWRHTXLW\SUHIHUHQFHVKDUHVRWKHUWKDQHPSOR\HHVWRFNRSWLRQVLVVXHGDQG
VKDUHZDUUDQWVLVVXHGE\WKH&RPSDQ\
27.5 'XULQJWKHSHULRGRI¿YH\HDUVLPPHGLDWHO\SUHFHGLQJWKH%DODQFH6KHHW'DWHWKH&RPSDQ\KDVQRW
D DOORWWHGDQ\VKDUHDVIXOO\SDLGXSSXUVXDQWWRFRQWUDFWZLWKRXWSD\PHQWEHLQJUHFHLYHGLQFDVK
E DOORWWHGDQ\VKDUHDVIXOO\SDLGXSE\ZD\RIERQXVVKDUHVDQG
F ERXJKWEDFNDQ\VKDUH
27.6 1RVKDUHZDVIRUIHLWHGE\WKH&RPSDQ\GXULQJWKH\HDU
27.7 Preference Share Capital
As at As at As at
Particulars
Authorized Capital
0DUFKDQG$SULO
16,200.00
5HGHHPDEOH3UHIHUHQFH6KDUHVRI5VHDFK
Total 16,200.00
27.8 Share Warrants

5HOLJDUH(QWHUSULVHV/LPLWHG³WKH&RPSDQ\´REWDLQHGDQ,Q±3ULQFLSOHDSSURYDOXQGHUWKH6(%,/LVWLQJ2EOLJDWLRQVDQG
'LVFORVXUH5HTXLUHPHQWV5HJXODWLRQVIURP1DWLRQDO6WRFN([FKDQJHRI,QGLDDQG%6(/LPLWHG³WKH([FKDQJHV´
WR LVVXH DQG DOORWPHQW RI FRQYHUWLEOH ZDUUDQWV RI 5V HDFK H[HUFLVDEOH LQWR HTXDO QXPEHU RI (TXLW\
6KDUHVRI5VHDFKRIWKH&RPSDQ\RQSUHIHUHQWLDOEDVLV3XUVXDQWWRVKDUHKROGHUDSSURYDOGDWHG0DUFKWKH
&RPSDQ\LVVXHGDQGDOORWWHGFRQYHUWLEOHZDUUDQWVRI5VSHUZDUUDQWRQ$SULOLQDFFRUGDQFH
WR WKH 6(%, ,VVXH RI &DSLWDO DQG 'LVFORVXUH 5HTXLUHPHQWV 5HJXODWLRQV DQG DV DPHQGHG WKHUHWR 2XW RI VDPH
ZDUUDQWV ZHUH FRQYHUWHG LQWR HTXLW\ VKDUHV GXULQJ WKH \HDU )< DQG EDODQFH ZDUUDQWV
SDUWO\SDLGDUHUHPDLQLQJIRUFRQYHUVLRQDVRQGDWH
7KH&RPSDQ\KDGIXOO\XWLOL]HGWKHIXQGVUHFHLYHGIURPWKHZDUUDQWKROGHUVDVSHUWKH2EMHFWVVWDWHGLQWKH([SODQDWRU\
6WDWHPHQWWRWKH1RWLFHGDWHG)HEUXDU\VHQWWRVKDUHKROGHUVRIWKH&RPSDQ\7KHUHDUHQRXQXWLOL]HGIXQGV
XQGHUWKHVDPHDVRQ0DUFK
8WLOLVDWLRQRIZDUUDQWPRQH\UHFHLYHG5V/DNKVDGYDQFH5V/DNKVDQG5V/DNKVRQ
DOORWPHQWRIVKDUHLVDVIROORZV
Amount
Particulars
(Rs in Lakhs)
5HSD\PHQWRI/RDQV7DNHQ)URP5HODWHG3DUWLHV
,QYHVWPHQWVLQD6XEVLGLDU\
3D\PHQWRI/LDELOLW\RQ$FFRXQWRI0HUJHU
*HQHUDO&RUSRUDWH3XUSRVH
Total 29,675.07


27.9 Share Application Money Pending for Allotment received from employees towards exercise of stock options:
As at As at As at
Particulars
No of 1RRI 1RRI
Amount Amount Amount
shares shares shares
(TXLW\VKDUHVRIIDFHYDOXHRI5VHDFKSURSRVHG
- -
WREHLVVXHG
- -
'XULQJWKH\HDUHQGHG0DUFKWKH&RPSDQ\KDVUHFHLYHGVKDUHDSSOLFDWLRQPRQH\RI5V/DNKVIURP
ZKROHWLPHGLUHFWRUDVDQHPSOR\HHXQGHU(PSOR\HH6WRFN2SWLRQ6FKHPHZKLFKZDVSHQGLQJDOORWPHQWWLOOWKH
\HDU HQG 0DUFK 7KH DERYH VKDUH DSSOLFDWLRQ PRQH\ KDV EHHQ DOORWWHG WR QXPEHU RI HTXLW\ VKDUHV
KDYLQJIDFHYDOXHRI5VHDFKDJJUHJDWLQJWR5V/DNKVRQ0D\
28. Other Equity

(A) Securities Premium Reserve
$GG6HFXULWLHVSUHPLXPFUHGLWHGRQVKDUHLVVXH 16,280.21
(B) Capital Redemption Reserve

(C) Capital Reserve arising out of Composite Scheme of

Arrangement
(D) Capital Reserve on Consolidation

(E) General Reserve

$GG7UDQVIHUIURP'HEHQWXUH5HGHPSWLRQ5HVHUYH1HW 790.75
RI1&,
(F) Statutory Reserve

$GG7UDQVIHUIURPUHWDLQHGHDUQLQJV1HWRI1&, 144.98


(G) Short / (Excess) Payment for Shares in Subsidiaries
Post Getting Control
2SHQLQJ%DODQFH -
$GG&KDQJHVGXULQJWKH\HDU (3,261.56)
Closing Balance (3,261.56)
(H) Debenture Redemption Reserve

2SHQLQJ%DODQFH 790.75
/HVV7UDQVIHUWR*HQHUDO5HVHUYH1HWRI1&, (790.75)
Closing Balance -
(I) Employee Stock Option Reserve

2SHQLQJ%DODQFH -
$GG&KDQJHVGXULQJWKH\HDU 1,254.31
(J) Foreign Currency Translation Reserve

$GG&KDQJHVGXULQJWKH\HDU (18.80)
(K) Share Application Money (Refer Note 27.9)

2SHQLQJ%DODQFH -
&KDQJHVGXULQJWKH\HDU -
Closing Balance -
(L) Money Received Against Share Warrants (Refer Note

27.8)
2SHQLQJ%DODQFH -
$PRXQW5HFHLYHG'XULQJWKH\HDU 14,578.35
/HVV8WLOLVHGWRZDUG(TXLW\6KDUHV$OORWPHQWV (5,032.24)
(M) 6XUSOXV'H¿FLWLQWKH6WDWHPHQWRI3UR¿WDQG/RVV

2SHQLQJ%DODQFH (265,292.48)
$GG1HW3UR¿W/RVV)RU7KH<HDU (128,716.65)
$GG/HVV$GMXVWPHQWGXHWRFKDQJHLQ1&, 348.34
(393,660.79)
/HVV$SSURSULDWLRQV
7UDQVIHUWR6WDWXWRU\5HVHUYH1HWRI1&, (144.98)
,7RWDO3UR¿W/RVV (393,805.77)


Other Comprehensive Income (“OCI”)
2SHQLQJ%DODQFH (386.31)
$GG/HVV0RYHPHQWLQ2&,GXULQJWKH\HDU
Ɣ5HPHDVXUHPHQW*DLQRU/RVVRQ'H¿QHG%HQH¿W (41.05)
3ODQV1HWRI7D[
Ɣ)DLU9DOXH*DLQ/RVVRQ(TXLW\,QVWUXPHQWV 104.06
'HVLJQDWHGDV)972&,
Ɣ1HW*DLQ/RVVRQ'HEW6HFXULWLHV)972&, 332.33
$GG/HVV$GMXVWPHQWGXHWRFKDQJHLQ1&,DQG6KDUH (24.29)
RI1&,
(II) Total OCI (15.26)
Total Comprehensive Income (I + II) (393,821.03)
Total Other Equity 61,610.68
28.1 The Description of the nature and purpose of each reserve within other equity are as follows:
(i) Securities Premium Reserve
6HFXULWLHV SUHPLXP UHVHUYH LV FUHGLWHG ZKHQ VKDUHV DUH LVVXHG DW SUHPLXP ,W LV XWLOLVHG LQ DFFRUGDQFH ZLWK WKH
SURYLVLRQVRIWKH$FWWRLVVXHERQXVVKDUHVWRSURYLGHIRUSUHPLXPRQUHGHPSWLRQRIVKDUHVRUGHEHQWXUHVZULWHRႇ
HTXLW\UHODWHGH[SHQVHVOLNHXQGHUZULWLQJFRVWVHWF
(ii) Capital Redemption Reserve (“CRR”)
&DSLWDO 5HGHPSWLRQ 5HVHUYH DUH WKH UHVHUYH PDLQO\ FUHDWHG RQ EX\ EDFN RI WKH HTXLW\ VKDUHV E\ IHZ VXEVLGLDU\
FRPSDQLHVLQSDVW&55FDQQRWEHXVHGWRSD\WKHGLYLGHQGV
(iii) Capital Reserve arising out of Composite Scheme of Arrangement
,QSDVWVRPHVXEVLGLDU\FRPSDQLHVZDVPHUJHGZLWKWKH&RPSDQ\7KHGLႇHUHQFHEHWZHHQWKHDPRXQWVUHFRUGHG
DVLQYHVWPHQWVRIWKH&RPSDQ\DQGWKHDPRXQWRIVKDUHFDSLWDODQGVKDUHSUHPLXPRIDPDOJDPDWLQJVXEVLGLDU\
FRPSDQLHVDUHUHSRUWHGDV³&DSLWDO5HVHUYHDULVLQJRXWRI&RPSRVLWH6FKHPHRI$UUDQJHPHQW´
(iv) Capital Reserve on Consolidation
7KLVUHVHUYHVZDVFUHDWHGGXULQJEXVLQHVVFRPELQDWLRQIRUWKHJDLQRQEDUJDLQSXUFKDVH
(v) General Reserve
,WLVDIUHHUHVHUYHZKLFKLVFUHDWHGE\
DSSURSULDWLRQIURPSUR¿WVRIWKHFXUUHQW\HDUDQGRUXQGLVWULEXWHGSUR¿WVRISUHYLRXV\HDUVEHIRUHGHFODUDWLRQ
RIGLYLGHQGGXO\FRPSO\LQJZLWKDQ\UHJXODWLRQVLQWKLVUHJDUGDQG
WUDQVIHUIURPWKHEDODQFHVLQWKHRWKHUUHVHUYHVWKDWDUHQRPRUHUHTXLUHG
(vi) Statutory Reserve
1%)&FRPSDQLHVRIWKH*URXSQHHGWRWUDQVIHUDSDUWRISUR¿WWRWKLVUHVHUYHDVSHU3UXGHQWLDO1RUPVRI5%,1+%
(vii) Short / (Excess) Payment for Shares in Subsidiaries Post Getting Control
,WUHSRUWVWKHH[FHVVDPRXQWSDLGRYHUIDFHYDOXHRIWKHVKDUHVE\WKH&RPSDQ\WRDFTXLUHWKHHTXLW\VKDUHVRILWV
VXEVLGLDU\IURPWKHQRQFRQWUROOLQJLQWHUHVWVKDUHKROGHUV
(viii) Debenture Redemption Reserve (“DRR”)
7KH$FW UHTXLUHV FRPSDQLHV WKDW LVVXH GHEHQWXUHV WR FUHDWH '55 IURP DQQXDO SUR¿W XQWLO VXFK GHEHQWXUHV DUH
UHGHHPHG 7KH *URXS KDV UHGHHPHG D SDUW RI LWV UHGHHPDEOH GHEHQWXUHV GXULQJ WKH \HDU DQG KDV DFFRUGLQJO\
WUDQVIHU DPRXQW IURP '55 WR *HQHUDO 5HVHUYH 7KH DPRXQW FUHGLWHG WR WKH '55 PD\ QRW EH XWLOLVHG H[FHSW WR
UHGHHPGHEHQWXUHV
,Q FDVH GHEHQWXUHV LVVXHG WKURXJK SXEOLF LVVXH DV SHU WKH SUHVHQW 6(%, ,VVXH DQG /LVWLQJ RI 'HEW 6HFXULWLHV
5HJXODWLRQDFRPSDQ\UHTXLUHVWRWUDQVIHURIWKHYDOXHRIWKHRXWVWDQGLQJGHEHQWXUHVWR'55DQGQR'55
LVUHTXLUHGLQFDVHRISULYDWHO\SODFHGGHEHQWXUH
(ix) Employee Stock Option Reserve
7KHGLႇHUHQFHEHWZHHQIDLUYDOXHDQGH[HUFLVHSULFHRIWKHHTXLW\VHWWOHGVKDUHEDVHGSD\PHQWWUDQVDFWLRQVZLWK
HPSOR\HHV LV UHFRJQLVHG LQ 6WDWHPHQW RI 3UR¿W DQG /RVV ZLWK FRUUHVSRQGLQJ FUHGLW WR (PSOR\HH 6WRFN 2SWLRQV
5HVHUYH
(x) Foreign Currency Translation Reserve
)RUHLJQ&XUUHQF\7UDQVODWLRQ5HVHUYHUHSUHVHQWVWKHH[FKDQJHUDWHYDULDWLRQRQWKHUHSRUWLQJGDWHLQUHVSHFWRI
6XEVLGLDU\LHVRIWKH&RPSDQ\EHLQJQRQLQWHJUDOIRUHLJQRSHUDWLRQ

29 Non Controlling Interest
178
7KHIROORZLQJWDEOHVXPPDULVHVWKH¿QDQFLDOLQIRUPDWLRQUHODWLQJWRVXEVLGLDULHVWKDWKDYHQRQFRQWUROOLQJLQWHUHVWV
Religare Housing Develop-
Religare Health Insurance Com-
Total Religare Finvest Limited
ment Finance Corporation
pany Limited
Limited*
Particulars
As at
As at As at As at As at As at As at As at
March 31,
March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 March 31, 2019
2018
&RXQWU\RI,QFRUSRUDWLRQ3ODFHRI%XVLQHVV India India India
3URSRUWLRQRI1RQ&RQWUROOLQJ,QWHUHVW
(A) Balance Sheet
)LQDQFLDO$VVHWV
1RQ¿QDQFLDO$VVHWV
)LQDQFLDO/LDELOLWLHV
1RQ)LQDQFLDO/LDELOLWLHV
Net Assets 159,055.31 295,930.39 44,678.96 27,774.24 94,685.40 249,432.61 19,690.95 18,723.54
Carrying Amount of Non Controlling
21,918.92 41,843.10 4,617.28 2,559.70 13,598.38 35,822.63 3,703.26 3,460.77
Interest
For the For the For the For the For the For the
For the For the
Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended
Particulars Year Ended Year Ended
March 31, March 31, March 31, March 31, March 31, March 31,
March 31, 2018 March 31, 2019
2019 2019 2018 2019 2018 2018
%6WDWHPHQWRI3UR¿WDQG/RVV
Total Income
3UR¿W/RVV)RU7KH<HDU
2WKHU&RPSUHKHQVLYH,QFRPH1HWRI7D[
Total Comprehensive Income For The Year (147,645.57) (96,222.94) 6,134.24 (2,085.86) (154,747.21) (95,223.86) 967.40 1,086.78
Attributable to Non Controlling Interests:
3UR¿W/RVV)RU7KH<HDU
2WKHU&RPSUHKHQVLYH,QFRPH1HWRI7D[
Total Comprehensive Income For The Year (21,347.86) (13,596.11) 633.94 (192.23) (22,224.25) (13,675.72) 242.46 271.84
(C) Cash Flow Statement
1HW&DVK*HQHUDWHG8VHGIURPLQ

2SHUDWLQJ$FWLYLWLHV

Investing Activities

)LQDQFLQJ$FWLYLWLHV
Net Increase / (Decrease) in Cash and
(29,552.24) (103,354.78) (104.03) 126.92 (30,495.57) (103,193.94) 1,047.36 (287.76)
Cash Equivalents
(C) Dividend Paid to Non Controlling

Interest
Total - - - - - - - -
5HOLJDUH)LQYHVW/LPLWHGKROGVVWDNHLQ5HOLJDUH+RXVLQJ'HYHORSPHQW)LQDQFH&RUSRUDWLRQ/LPLWHGDQGWKH&RPSDQ\KROGVWDNHLQ5HOLJDUH)LQYHVW
/LPLWHGVRHႇHFWLYHKROGLQJRIWKH1RQ&RQWUROOLQJ,QWHUHVW³1&,´LQ5HOLJDUH+RXVLQJ'HYHORSPHQW)LQDQFH&RUSRUDWLRQ/LPLWHGLV


30. Interest Income (Revenue From Operations)*
For the Year Ended )RUWKH<HDU(QGHG

Particulars
,QFRPH)URP/HQGLQJ$FWLYLWLHV 78,834.56
,QWHUHVW,QFRPHRQ)L[HG'HSRVLWVZLWK%DQNV 2,402.98
,QWHUHVW,QFRPHRQ'HOD\HG3D\PHQWV&KDUJHVIRU'HOD\HG3D\PHQWV 3,088.39
Interest Income on Investments 8,822.10
,QWHUHVW,QFRPHRQ,QWHU&RUSRUDWH/RDQV -
Total 93,148.03
*Breakup of Interest Income:

Particulars
(A) On Financial Assets Measured at Amortised Cost
,QFRPH)URP/HQGLQJ$FWLYLWLHV 78,834.56
,QWHUHVW,QFRPHRQ)L[HG'HSRVLWVZLWK%DQNV 2,402.98
,QWHUHVW,QFRPHRQ'HOD\HG3D\PHQWV&KDUJHVIRU'HOD\HG
3,088.39
3D\PHQWV
Subtotal (A) 87,267.86
%2Q)LQDQFLDO$VVHWV0HDVXUHGDW)DLU9DOXH7KURXJK3UR¿W
and Loss (“FVTPL”)
,QFRPH)URP/HQGLQJ$FWLYLWLHV -
,QWHUHVW,QFRPHRQ)L[HG'HSRVLWVZLWK%DQNV -
-
3D\PHQWV
Interest Income on Investments -
Subtotal (B) -
(C) On Financial Assets Measured at Fair Value Through OCI
(“FVTOCI”)
,QFRPH)URP/HQGLQJ$FWLYLWLHV -
,QWHUHVW,QFRPHRQ)L[HG'HSRVLWVZLWK%DQNV -
-
3D\PHQWV
Subtotal (C) 5,880.17
Total (A+B+C) 93,148.03


31. Fee and Commission Income

Particulars
&RPPLVVLRQ,QFRPH)URP5HLQVXUDQFH 3,141.93
2WKHU&RPPLVVLRQ,QFRPH 2,801.20
Total 5,943.13
32. Net Gain on Fair Value Changes

Particulars
1HW*DLQRQ)DLU9DOXH&KDQJHV5HIHU1RWH -
Total -
32.1 Gain / (Loss) on Fair Value Changes#

Particulars
(A) Net Gain / (Loss) on Financial Instruments at Fair Value
7KURXJK3UR¿WRU/RVV
L2Q7UDGLQJ3RUWIROLR
,QYHVWPHQWV (248.40)
'HULYDWLYHV -
2WKHUV -
LL2Q)LQDQFLDO,QVWUXPHQWV'HVLJQDWHGDW)DLU9DOXH7KURXJK
-
3UR¿WRU/RVV
(B) Others -
Total Net Gain on Fair Value Changes (A+B) (C) (248.40)
(D) Fair Value Changes
5HDOLVHG -
8QUHDOLVHG (248.40)
Total (D) (248.40)
#
)DLUYDOXHFKDQJHVLQWKLVVFKHGXOHDUHRWKHUWKDQWKRVHDULVLQJRQDFFRXQWRIDFFUXHGLQWHUHVWLQFRPHH[SHQVH
33. Revenue From Sale of Services

Particulars
,QFRPH)URP%URNLQJ2SHUDWLRQVA 19,518.40
,QFRPH)URP,QYHVWPHQW0DQDJHPHQWDQG$GYLVRU\)HHV -
,QFRPH)URP$GYLVRU\6HUYLFHV 105.37
Total 19,623.77
A 1HW RI VWDPS GXW\ H[SHQVH 5V /DNKV 0DUFK 5V /DNKV ([FKDQJH7UDQVDFWLRQ )HHV 5V
/DNKV0DUFK5V/DNKV


34. Other Revenue From Operations

Particulars
,QFRPH)URP,QVXUDQFH3UHPLXP1HWRI3UHPLXPRQUHLQVXUDQFH
109,009.54
FHGHG
,QFRPH)URP$UELWUDJHDQG7UDGLQJRI6HFXULWLHVDQG'HULYDWLYHV1HW -
2WKHU,QFRPH 539.84
3UR¿WRQ6DOH5HGHPSWLRQRI,QYHVWPHQWV1HW 421.85
Total 109,971.23
35. Other Income

Particulars
%DODQFHV:ULWWHQ%DFN%DG'HEWVDQG/RDQV:ULWWHQRႇ5HFRYHUHG 2,426.72
,QFRPH)URP6XSSRUW6HUYLFHV 513.68
,QWHUHVW,QFRPH)URP)L[HG'HSRVLWV:LWK%DQNV 2,001.00
1HW*DLQ/RVVRQ'HUHFRJQLWLRQRI3URSHUW\3ODQWDQG(TXLSPHQW 49.55
3UR¿WRQ6DOHRI)ODWV8QGHU&RQVWUXFWLRQ+HOG)RU6DOH1HW 1.35
3UR¿WRQ6DOH5HGHPSWLRQRI,QYHVWPHQWV1HW 3,978.33
,QWHUHVW,QFRPH)URP,QYHVWPHQWV5HIHU1RWH 211.45
,QWHUHVW,QFRPHRQ2WKHUV 1,695.37
0LVFHOODQHRXV,QFRPH 602.98
Total 11,480.43
2Q)LQDQFLDO$VVHWVPHDVXUHGDW$PRUWLVHG&RVW
35.1 Interest Income From Investments (Other Income)

Particulars
$2Q)LQDQFLDO$VVHWV0HDVXUHGDW$PRUWLVHG&RVW 26.06
%2Q)LQDQFLDO$VVHWV0HDVXUHGDW)DLU9DOXH7KURXJK3UR¿WDQG
185.39
/RVV³)973/´
&2Q)LQDQFLDO$VVHWV0HDVXUHGDW)DLU9DOXH7KURXJK2&,
-
³)972&,´
Total 211.45


36. Finance Costs

Particulars
,QWHUHVWRQ
%RUURZLQJV 75,813.09
'HEW6HFXULWLHV
'HEHQWXUHV 1,227.73
&RPPHUFLDO3DSHUV 351.01
6XERUGLQDWHG/LDELOLWLHV 6,290.89
/LDELOLW\3RUWLRQRI3UHIHUHQFH6KDUHV 577.55
&OLHQW0DUJLQV 243.95
2WKHUV 37.57
2WKHU%RUURZLQJ&RVWV
%DQN*XDUDQWHH&RPPLVVLRQDQG2WKHU&KDUJHV 456.37
Total 84,998.16
1RWH7KHHQWLUH¿QDQFHFRVWVDUHRQWKH¿QDQFLDOOLDELOLWLHVPHDVXUHGDW$PRUWLVHG&RVW
37. Fee and Commission Expenses

Particulars
&RPPLVVLRQDQG%URNHUDJH([SHQVHV 5,243.51
Total 5,243.51
38. Net Loss on Fair Value Changes

Particulars
1HW/RVVRQ)DLU9DOXH&KDQJHV5HIHU1RWH 248.40
Total 248.40
39. Impairment and Loss Allowances on Financial Instruments

Particulars
On Financial Instruments Measured at Amortised Cost (Net)
/RDQV 123,878.15
,QYHVWPHQWV 7,004.70
5HFHLYDEOHV 1,097.96
2WKHUV)LQDQFLDO$VVHWV 987.49
Total 132,968.30


40. (PSOR\HH%HQH¿W([SHQVHV

Particulars
6DODULHV$OORZDQFHVDQG%RQXV 45,018.86
&RQWULEXWLRQWR3URYLGHQWDQG2WKHU)XQGV 2,552.14
6KDUH%DVHG3D\PHQWVWR(PSOR\HHV 1,398.87
*UDWXLW\DQG&RPSHQVDWHG$EVHQFHV([SHQVHV 842.15
6WDႇ:HOIDUH([SHQVHV 1,475.45
7UDLQLQJDQG5HFUXLWPHQW([SHQVHV 475.39
Total 51,762.86
41. Depreciation, Amortization and Impairment

Particulars
'HSUHFLDWLRQ5HIHU1RWH 1,172.37
$PRUWL]DWLRQ5HIHU1RWH 1,400.77
Total 2,573.14
42. Other Expenses

Particulars
5HQW5DWHVDQG7D[HV 4,472.64
5HSDLUVDQG0DLQWHQDQFH 1,522.24
&RPPXQLFDWLRQ([SHQVHV 1,451.28
3ULQWLQJDQG6WDWLRQHU\ 618.24
$GYHUWLVHPHQWDQG%XVLQHVV3URPRWLRQ 8,852.69
'LUHFWRUV¶)HHV$OORZDQFHVDQG2WKHU([SHQVHV 132.60
3D\PHQWWR$XGLWRUV5HIHU1RWH 129.75
/HJDODQG3URIHVVLRQDO([SHQVHV 15,411.30
Insurance 172.63
6XSSRUW6HUYLFHV)HHV 35.04
/RVVRQ$FFRXQWRI(UURU7UDGHV1HW 8.07
'DWDEDVH([SHQVHV 290.86
3RVWDJHDQG&RXULHU 780.67
2ႈFH([SHQVHV 1,252.71
0HPEHUVKLSDQG6XEVFULSWLRQ([SHQVHV 388.00
Custodial and Stamp Charges 615.86
Transaction Charges 290.66
Travel and Conveyance 3,243.63


Particulars
(OHFWULFLW\DQG:DWHU([SHQVHV 1,199.48
)LOLQJDQG5HJLVWUDWLRQ)HHV 53.55
%DQN&KDUJHV 409.52
)LQHVDQG3HQDOWLHV 4.99
Storage and Warehouse Charges 132.99
%DG'HEWVDQG/RDQVDQG%DODQFHV:ULWWHQ2ႇ 8,652.91
6RIWZDUH([SHQVHV 418.57
6HUYLFH7D[DQG*67([SHQVH 814.28
5DWLQJ([SHQVHV 148.60
/RVVRQ6DOHRI$VVHWV$FTXLUHGLQ6DWLVIDFWLRQRI'HEWV1HW -
$PRUWLVDWLRQRI([FHVV,QWHUHVW6SUHDG³(,6´ 232.47
&ODLPVDQG2WKHU%HQH¿WV 60,267.14
/RVVRQ6DOHRI%XOOLRQV5HIHU1RWH -
0LVFHOODQHRXV([SHQVHV 718.33
Total 112,721.70
42.1 Payment to Auditors

Particulars
$V$XGLWRU
$XGLW)HHV 96.84
7D[$XGLW)HHV 9.05
,QRWKHU&DSDFLW\
)HHV)RU2WKHU6HUYLFHV 15.74
)RU5HLPEXUVHPHQWRI([SHQVHV 8.12
Total 129.75
42.2 3UR¿W/RVVRQ6DOHRI%XOOLRQ

3UR¿W/RVVRQ6DOHRI%XOOLRQ
6DOHRI%XOOLRQ -
/HVV3XUFKDVHRI%XOOLRQ -
/HVV&KDQJHVLQ,QYHQWRULHVRI%XOOLRQ -
3UR¿W/RVVIRUWKH<HDU -

42.3 Corporate Social Responsibility (“CSR”) Expenses

D *URVVDPRXQWUHTXLUHGWREHVSHQWE\WKHJURXSFRPSDQLHVGXULQJWKHFXUUHQW\HDULV5V/DNKV0DUFK
5V/DNKV
E $PRXQWVSHQWGXULQJWKH\HDURQ
Yet to be
Particulars In cash Total
paid in cash
L&RQVWUXFWLRQDFTXLVLWLRQRIDQ\DVVHW
LL2QSXUSRVHVRWKHUWKDQLDERYH
F 5HODWHGSDUW\WUDQVDFWLRQVGXULQJWKH\HDULQUHODWLRQWR&65H[SHQGLWXUHLV5V1LO0DUFK1LO
G 7KH&RPSDQ\KDVQRWFUHDWHGDQ\SURYLVLRQWRZDUGV&65H[SHQGLWXUHGXULQJWKH\HDU$FFRUGLQJO\WKHPRYHPHQW
LQSURYLVLRQGXULQJWKH\HDULV5V1LO
43. Income Tax Expense

D ,QFRPH7D[5HFRJQLVHGLQ3UR¿WDQG/RVV

Particulars
Current Tax Expense
&XUUHQWWD[RQSUR¿WVIRUWKH\HDU 304.62
7D[IRU(DUOLHU<HDUV1HW 125.36
429.98
MAT Credit Entitlement (Created) / Reversed (96.27)
Deferred Tax Expense
2ULJLQDWLRQDQGUHYHUVDORIWHPSRUDU\GLႇHUHQFHV
,QFUHPHQWDO'HFUHPHQWDO'HIHUUHG7D[/LDELOLW\RQ$FFRXQWRI
'LVDOORZDQFHV'HGXFWLRQ8QGHU,QFRPH7D[ (332.26)
,QFUHPHQWDO'HFUHPHQWDO'HIHUUHG7D[$VVHWVRQ$FFRXQWRI
([SHFWHG&UHGLW/RVVHV$OORZDQFH (19,638.52)
3URYLVLRQIRU(PSOR\HH%HQH¿WV 29.70
&DUU\)RUZDUG/RVVHV 19,065.89
3URSHUW\3ODQWDQG(TXLSPHQWV 67.00
2WKHUV 216.32
(591.87)
7RWDO,QFRPH7D[([SHQVHV5HFRJQLVHGLQ3UR¿WDQG/RVV (258.16)

b) Deferred Tax Related to Items Recognised in OCI During the Year

Particulars
Current Tax Expense
5HPHDVXUHPHQWRQ'H¿QHG%HQH¿W3ODQV -
Deferred Tax Related to Items Recognised in OCI During the

-
Year
F 7KHLQFRPHWD[H[SHQVHVIRUWKH\HDUFDQEHUHFRQFLOHGWRWKHDFFRXQWLQJSUR¿WDVIROORZV

Particulars
3UR¿W%HIRUH7D[$ (150,353.21)
Computed Tax Expense Based on Applicable Tax Rates to
1,616.70
Group Companies (B)
7D[(ႇHFWRI
([SHQVHVGLVDOORZHGIRUWD[SXUSRVH 2.51
'HGXFWLRQ&ODLPHG([SHQVHV$OORZHGIRU7D[3XUSRVH (88.30)
/RVVHV6HWRႇ (1,228.63)
,QFRPHWD[HVUHODWHGWRSULRU\HDUV 125.36
2WKHUV1HW 2.34
Current Tax Provision (C) 429.98
MAT Credit Entitlement Created / (Reversed) (D) (96.27)
Deferred Tax Provision (Refer Note 43(a) above) (E) (591.87)
7D[([SHQVHVUHFRJQLVHGLQ6WDWHPHQWRI3UR¿WDQG/RVV
(258.16)
(C + D + E) (F)
5HIHU1RWH
44. Earnings Per Share (“EPS”)

Particulars
3UR¿W/RVVDWWULEXWDEOHWRHTXLW\KROGHUV5VLQ/DNKV (128,716.65)
:HLJKWHGDYHUDJHQXPEHURI(TXLW\6KDUHVXVHGIRUFDOFXODWLQJ%DVLF
203,286,309
(361RV
(ႇHFWRIGLOXWLYHHTXLYDOHQWVKDUHRSWLRQV1RV -
7RWDOZHLJKWHGDYHUDJHQXPEHURI(TXLW\6KDUHVXVHGIRUFDOFXODWLQJ
203,286,309
'LOXWHG(361RV
%DVLF(DUQLQJV3HU6KDUH5V (63.32)
'LOXWHG(DUQLQJV3HU6KDUH5V (63.32)
)DFH9DOXH3HU(TXLW\6KDUHIXOO\3DLGXS5V 10.00

45. Maturity Analysis of Assets and Liabilities
7KHWDEOHEHORZVKRZVDQDQDO\VLVRIDVVHWVDQGOLDELOLWLHVDQDO\VHGDFFRUGLQJWRZKHQWKH\DUHH[SHFWHGWREHUHFRYHUHGRUVHWWOHG
As at March 31, 2019 $VDW0DUFK $VDW$SULO
Particulars Within After Within $IWHU Within $IWHU
Total Total Total
12 months 12 months PRQWKV PRQWKV PRQWKV PRQWKV
ASSETS
Financial Assets
Cash and Cash Equivalents 17,303.43 - 17,303.43

%DQN%DODQFH2WKHU7KDQ$ERYH 112,002.81 - 112,002.81
5HFHLYDEOHV
7UDGH5HFHLYDEOHV 31,733.93 2,896.20 34,630.13
/RDQV 169,856.52 335,703.25 505,559.77
Investments 31,697.16 112,077.94 143,775.10
2WKHU)LQDQFLDO$VVHWV 14,534.50 5,510.50 20,045.00
1RQ¿QDQFLDO$VVHWV
Inventories 9.67 - 9.67
&XUUHQW7D[$VVHWV1HW 32,219.30 541.63 32,760.93
'HIHUUHG7D[$VVHWV1HW 267.87 52,114.55 52,382.42
3URSHUW\3ODQWDQG(TXLSPHQWV - 2,857.17 2,857.17
*RRGZLOO - 972.04 972.04
2WKHU,QWDQJLEOH$VVHWV - 4,448.50 4,448.50
&DSLWDO:RUNLQ3URJUHVV - 67.50 67.50
,QWDQJLEOH$VVHWV8QGHU - 1,318.75 1,318.75
'HYHORSPHQW
2WKHU1RQ)LQDQFLDO$VVHWV 28,187.52 1,481.36 29,668.88
Total Assets 437,812.71 519,989.39 957,802.10
187
188
Particulars Within After Within $IWHU Within $IWHU
Total Total Total
12 months 12 months PRQWKV PRQWKV PRQWKV PRQWKV
LIABILITIES
3D\DEOHV
7UDGH3D\DEOHV
LWRWDORXWVWDQGLQJGXHVRIPLFUR 47.03 - 47.03
enterprises and small enterprises
LLWRWDORXWVWDQGLQJGXHVRI 26,275.68 56.68 26,332.36
creditors other than micro
2WKHU3D\DEOHV
LWRWDORXWVWDQGLQJGXHVRIPLFUR - - -
LLWRWDORXWVWDQGLQJGXHVRI 14,053.94 - 14,053.94
creditors other than micro
'HEW6HFXULWLHV - - -
%RUURZLQJV2WKHUWKDQ'HEW 289,392.86 325,944.89 615,337.75
6HFXULWLHV
6XERUGLQDWHG/LDELOLWLHV - 56,794.41 56,794.41

2WKHU)LQDQFLDO/LDELOLWLHV 56,046.14 2,656.54 58,702.68
3URYLVLRQV 1,314.24 200.66 1,514.90
2WKHU1RQ)LQDQFLDO/LDELOLWLHV 79,794.66 0.50 79,795.16
Total Liabilities 466,924.55 385,653.68 852,578.23
Net (29,111.84) 134,335.71 105,223.87
:LWKUHJDUGWRORDQVDQGDGYDQFHVWRFXVWRPHUVWKH*URXSXVHVWKHVDPHEDVLVRIH[SHFWHGUHSD\PHQWEHKDYLRXUDVXVHGIRUHVWLPDWLQJWKH(,5
,VVXHGGHEWUHÀHFWWKHFRQWUDFWXDOFRXSRQDPRUWLVDWLRQV
:KHUHWKHUHLVEUHDFKRIDPDWHULDOSURYLVLRQRIDORQJWHUPORDQDUUDQJHPHQWRQRUEHIRUHWKHHQGRIWKHUHSRUWLQJSHULRGZLWKWKHHႇHFWWKDWOLDELOLW\
EHFRPHVSD\DEOHRQGHPDQGRQWKHUHSRUWLQJGDWHWKH*URXSGRHVQRWFODVVLI\WKHOLDELOLW\DVFXUUHQWLIWKHOHQGHUDJUHHGDIWHUWKHUHSRUWLQJSHULRG
DQGEHIRUHWKHDSSURYDORIWKH)LQDQFLDO6WDWHPHQWVIRULVVXHQRWWRGHPDQGSD\PHQWDVDFRQVHTXHQFHRIEUHDFK

46. Additional Information, as required under Schedule III to the Companies Act, 2013, of enterprises consolidated as Subsidiary / Associates /
Joint Ventures.
Net Assets
Share in Other Share in Total Comprehensive
(Total Assets minus Total 6KDUHLQ3UR¿WRU/RVV
Comprehensive Income Income
Liabilities)
Name of the Entity As a % of As a % of
As a % of
As a % of Consolidated Amount Consolidated
Amount Consolidated Amount Amount
Consolidated Other (Rs in Total
(Rs in Lakhs) 3UR¿WRU (Rs in Lakhs) (Rs in Lakhs)
Net Assets Comprehensive Lakhs) Comprehensive
(Loss)
Income Income

(1) (2) (3) (4) (5) (6) (7) (8) (9)
Parent
5HOLJDUH(QWHUSULVHV/LPLWHG
Subsidiaries - Indian
5HOLJDUH)LQYHVW/LPLWHG
5HOLJDUH&RPPRGLWLHV/LPLWHG
5HOLJDUH+RXVLQJ'HYHORSPHQW)LQDQFH
&RUSRUDWLRQ/LPLWHG
&HUHVWUD$GYLVRUV/LPLWHG
5HOLJDUH&RPWUDGH/LPLWHG
5HOLJDUH%URNLQJ/LPLWHG
5HOLJDUH,QVXUDQFH/LPLWHG
5HOLJDUH$GYLVRUV/LPLWHGIRUPHUO\NQRZQDV
5HOLJDUH:HDOWK0DQDJHPHQW/LPLWHG
5HOLJDUH&UHGLW$GYLVRU3ULYDWH/LPLWHG
$UJLO$GYLVRU//3
5HOLJDUH%XVLQHVV6ROXWLRQ/LPLWHG
Subsidiaries - Foreign
5HOLJDUH*OREDO$VVHW0DQDJHPHQW,QF
Minority Interest in all subsidiaries
Joint Ventures (Investment as per equity
method) - Indian
,%2),QYHVWPHQW0DQDJHPHQW3ULYDWH
/LPLWHG
Net Goodwill on Consolidation (All on
standalone companies reported above)
Intercompany elimination and other
consolidated adjustments
Total 100.00% 83,304.95 100.00% (128,716.65) 100.00% 364.79 100.00% (128,351.86)
189
190
Net Assets
Share in Other Share in Total Comprehensive
(Total Assets minus Total 6KDUHLQ3UR¿WRU/RVV
Comprehensive Income Income
Liabilities^)
Name of the Entity As a % of As a % of

As a % of
As a % of Consolidated Amount Consolidated
Amount Consolidated Amount Amount
Consolidated Other (Rs in Total
(Rs in Lakhs) 3UR¿WRU (Rs in Lakhs) (Rs in Lakhs)
Net Assets Comprehensive Lakhs) Comprehensive
(Loss)
Income Income
(1) (2) (3) (4) (5) (6) (7) (8) (9)
Parent
5HOLJDUH(QWHUSULVHV/LPLWHG
Subsidiaries - Indian
5HOLJDUH+RXVLQJ'HYHORSPHQW)LQDQFH
&RUSRUDWLRQ/LPLWHG
5HOLJDUH+HDOWK,QVXUDQFH&RPSDQ\
/LPLWHG
&HUHVWUD$GYLVRUV/LPLWHG

5HOLJDUH$GYLVRUV/LPLWHGIRUPHUO\NQRZQ
DV5HOLJDUH:HDOWK0DQDJHPHQW/LPLWHG
5HOLJDUH&UHGLW$GYLVRU3ULYDWH/LPLWHG
$UJLO$GYLVRU//3
5HOLJDUH%XVLQHVV6ROXWLRQ/LPLWHG
Subsidiaries - Foreign
5HOLJDUH*OREDO$VVHW0DQDJHPHQW,QF
5HOLJDUH&RPPRGLW\'0&&
Minority Interest in all subsidiaries
Joint Ventures (Investment as per equity
method) - Indian
,%2),QYHVWPHQW0DQDJHPHQW3ULYDWH
/LPLWHG
Net Goodwill on Consolidation (All on
standalone companies reported above)
Intercompany elimination and other
consolidated adjustments
Total 100.00% 183,653.19 100.00% (104,501.04) 100.00% (363.74) 100.00% (104,864.78)


47. Contingent Liabilities and Commitments
(a) Contingent Liabilities
As at As at As at
Particulars
D&ODLPVDJDLQVWWKH*URXSQRWDFNQRZOHGJHGDVGHEWV 1,114.71
E*XDUDQWHHV
*XDUDQWHHVJLYHQWRWKHEDQNHUVE\WKH&RPSDQ\VXEVLG -
LDULHVMRLQWYHQWXUHV
%DQN*XDUDQWHHVJLYHQE\WKHEDQNHUVRQEHKDOIRIWKH 21,511.09
&RPSDQ\VXEVLGLDULHVMRLQWYHQWXUHV
2WKHU%DQN*XDUDQWHHV 94.21
F2WKHUPRQH\IRUZKLFKWKHFRPSDQ\LVFRQWLQJHQWO\OLDEOH
'LVSXWHG,QFRPH7D['HPDQGVQRWSURYLGHGIRUA 12,248.18
'LVSXWHG6HUYLFH7D['HPDQGQRWSURYLGHGIRU $
387.26
'LVSXWHG9DOXH$GGHG7D[³9$7´GHPDQGQRWSURYLGHGIRU #
702.25
'LVSXWHG3URYLGHQW)XQG³3)´GHPDQGQRWSURYLGHGIRU@ 123.85
6KRZ&DXVH1RWLFH3HQDOW\OHYLHGE\5%, -
'LႇHUHQFHGXHWR52,LQFUHDVH3HQDODQGRWKHUFKDUJHV 3,123.35
GHELWHGE\EDQNV
&ROODWHUDOIRUDVVLJQPHQWRIUHFHLYDEOHV -
8QGHUZULWLQJFRPPLWPHQWVREOLJDWLRQVIRUVKDUHVGHEHQ 96,389.87
WXUHV/HWWHURI&RPIRUWAA
Total 135,694.77
)XWXUHFDVKRXWÀRZVLQUHVSHFWRISRLQWVDDQGFLQDERYHWDEOHDUHGHWHUPLQDEOHRQO\RQUHFHLSWRIMXGJPHQWV
GHFLVLRQVSHQGLQJZLWKYDULRXVIRUXPVDXWKRULWLHV7KH*URXSLVRIWKHRSLQLRQWKDWDERYHGHPDQGVRUFODLPVDUH
QRWVXVWDLQDEOHDQGH[SHFWVWRVXFFHHGLQLWVDSSHDOV7KHPDQDJHPHQWEHOLHYHVWKDWWKHXOWLPDWHRXWFRPHRIWKHVH
SURFHHGLQJVZLOOQRWKDYHDPDWHULDODGYHUVHHႇHFWRQWKH*URXS¶V¿QDQFLDOSRVLWLRQDQGUHVXOWVRIRSHUDWLRQV
&HUWDLQJXDUDQWHHVKDYHEHHQGLVFORVHGDWQHWRXWVWDQGLQJYDOXHLQVWHDGRIIDFHYDOXH
'XULQJ WKH \HDU HQGHG 0DUFK WKH &RPSDQ\ KDV JLYHQ FRUSRUDWH JXDUDQWHH WR EDQNHUV RQ EHKDOI RI D
VXEVLGLDU\FRPSDQ\5HOLJDUH%URNLQJ/LPLWHGDPRXQWLQJWR5VODNKVDJDLQVWWKHIXQGEDVHGDQGQRQIXQG
EDVHGIDFLOLWLHV$VRQ0DUFKWKHRXWVWDQGLQJIXQGEDVHGDQGQRQIXQGEDVHGIDFLOLWLHVDYDLOHGE\DIRUHVDLG
VXEVLGLDULHVDJDLQVWWKH&RPSDQ\¶VEDQNJXDUDQWHHDPRXQWVWR5V1LO
AL,QFOXVLYHRILQWHUHVWOHYLHGXV%RI,QFRPH7D[$FW
LL2XWRIWKLV5HOLJDUH)LQYHVW/LPLWHG³5)/´DVXEVLGLDU\RIWKH&RPSDQ\D5VODNKV0DUFK
5VODNKVDQG$SULO5VODNKVKDVEHHQDGMXVWHGZLWKWD[UHIXQGVGXHWRLWDQGE)RU
$VVHVVPHQW<HDUDGHPDQGRI5VODNKV0DUFK5VODNKVKDVEHHQSDLGLQSURWHVW
LLL$PRXQWSDLGXQGHUSURWHVW5V/DNKE\5HOLJDUH&RPPRGLWLHV/LPLWHGDZKROO\RZQHGVXEVXEVLGLDU\RIWKH
&RPSDQ\
$
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VDLGSHQDOW\LVFRQWLQJHQWXSRQEDVHWD[GHPDQGDGMXGLFDWHGE\WKH7D[$XWKRULW\&XUUHQWO\WKHPDWWHULVSHQGLQJ
ZLWK&(67$7
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ODNKVLQFOXGHGLQSRLQWQXPEHUEDERYHWDEOH
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@
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6RPHRIWKHOHQGHUVKDYHLQFUHDVHGLQWHUHVWUDWHVPDLQO\GXHWRGRZQJUDGHLQ([WHUQDO&UHGLW5DWLQJ³(&5´RI
WKHFRXSOHRI*URXSFRPSDQLHV6DLGFRPSDQLHVKDYHUDLVHGWKHFRQFHUQDQGLVSXUVXLQJZLWKWKHEDQNVIRUUHVWRULQJ
WKHFRQWUDFWXDO5DWHRI,QWHUHVW³52,´

AA8QGHUZULWLQJFRPPLWPHQWVREOLJDWLRQVIRUVKDUHVGHEHQWXUHV/HWWHURI&RPIRUWLQFOXGHVIROORZLQJV
L 'XULQJWKH\HDUHQGHG0DUFKQRQUHVLGHQWVKDUHKROGHUVRI5HOLJDUH)LQYHVW/LPLWHG³5)/´DVXEVLGLDU\
RIWKH&RPSDQ\VXEVHTXHQWWRH[HUFLVHRISXWRSWLRQIRUDFRQVLGHUDWLRQDVSHUWKH2SWLRQ$JUHHPHQWKDG¿OHG
SHWLWLRQVLQWKH+RQ¶EOH'HOKL+LJK&RXUWSUD\LQJIRULQWHULPDQGPDQGDWRU\UHOLHIRUJLYHEDQNJXDUDQWHHVRIWKHVDLG
DPRXQWVLQRUGHUWRVHFXUHWKHLULQWHUHVWV2Q-DQXDU\WKH+RQ¶EOH+LJK&RXUWSDVVHGDQRUGHUVWDWLQJWKH
5)/VKDOOPDLQWDLQDVXQHQFXPEHUHGDQGQRWHQFDVK)L[HG'HSRVLWV³)'´ZLWK/D[PL9LODV%DQN/LPLWHG³/9%´
$VSHUWKHLQIRUPDWLRQDYDLODEOHZLWKPDQDJHPHQWWKH¿[HGGHSRVLWKDVEHHQHQFDVKHGE\/9%RQ)HEUXDU\
LQUHVSHFWRIZKLFK5)/KDV¿OHGVXLWIRUUHFRYHU\RI)'EHIRUH+RQ¶EOH'HOKL+LJKFRXUW$FFRXQWLQJLPSDFW
ZLOOEHJLYHQRQWKHEDVLVRIRXWFRPHRIWKH¿QDORUGHU(VWLPDWHGYDOXHRIH[HUFLVHGSXWRSWLRQDVDW0DUFK
DPRXQWVWR5V/DNKV0DUFK5V/DNKVDQG$SULO5V/DNKV
DVLQFOXGHGDERYH1H[WGDWHRIKHDULQJLV-XO\7KHSDUWLHVDUHFXUUHQWO\LQDGYDQFHVWDJHRIQHJRWLDWLRQ
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(b) Commitments
As at As at As at
Particulars
D(VWLPDWHGDPRXQWRIFRQWUDFWVUHPDLQLQJWREHH[HFXWHGDQG 398.89
QRWSURYLGHGIRU
E2WKHUFRPPLWPHQWV
8QGLVEXUVHG6DQFWLRQHG/RDQV 319.58
&RQWULEXWLRQLQ)XQGV2WKHUV -
F8QFDOOHG/LDELOLW\RQ6KDUHVA 4,077.50
Total 4,795.97
1HWRI$GYDQFHVLIDQ\
A8QSDLGFDSLWDOFDOORQHTXLW\VKDUHVRI5HOLJDUH&DSLWDO0DUNHWV/LPLWHG

48. Financial Instruments
(a) Financial Instruments by Category
Particulars Amortised Amortised Amortised
FVTPL FVTOCI )973/ )972&, )973/ )972&,
Cost Cost Cost
Financial Assets
Cash and Cash Equivalents - - 17,303.43
%DQN%DODQFH2WKHU7KDQ$ERYH - - 112,002.81

5HFHLYDEOHV
7UDGH5HFHLYDEOHV - - 34,630.13
/RDQV - - 505,559.77
Investments
0XWXDO)XQGV 4,099.95 - -
$OWHUQDWLYH,QYHVWPHQW)XQGV³$,)´ 2,107.55 - -
9HQWXUH&DSLWDO)XQGV
3DVV7KURXJK&HUWL¿FDWHV - - -
*RYHUQPHQW6HFXULWLHV - - 43,239.95
'HEW6HFXULWLHV - - 10,008.11
(TXLW\,QVWUXPHQWV)XOO\3DLGXS - 887.81 -
-RLQW9HQWXUHV8VLQJ(TXLW\0HWKRG - - 35.52
2WKHU$SSURYHGE\,5'$6HFXULWLHV - 81,459.04 -
2WKHUVµ5$5&5+')&+/ 1,936.81 - -
75867
2WKHUV - - 0.36
2WKHU)LQDQFLDO$VVHWV - - 20,045.00
Total Financial Assets 8,144.31 82,346.85 742,825.08
3D\DEOHV
7UDGH3D\DEOHV - - 26,379.39
2WKHU3D\DEOHV - - 14,053.94
%RUURZLQJV2WKHUWKDQ'HEW6HFXULWLHV - - 615,337.75

6XERUGLQDWHG/LDELOLWLHV - - 56,794.41
2WKHU)LQDQFLDO/LDELOLWLHV - - 58,702.68
Total Financial Liabilities - - 771,268.17
195
(b) Fair Valuation Measurement Hierarchy

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Financial assets and liabilities measured at fair value
Level 1 Level 2 Level 3 Total
Financial Assets
,QYHVWPHQWVDW)973/
0XWXDO)XQGV 4,099.95 - - 4,099.95
$OWHUQDWLYH,QYHVWPHQW)XQGV³$,)´9HQWXUH&DSLWDO)XQGV - - 2,107.55 2,107.55
3DVV7KURXJK&HUWL¿FDWHV - - - -
(TXLW\,QVWUXPHQWV)XOO\3DLGXS - - - -
2WKHUVµ5$5&5+')&+/75867 - 1,936.81 - 1,936.81
,QYHVWPHQWVDW)972&,
(TXLW\,QVWUXPHQWV)XOO\3DLGXS 186.81 - 701.00 887.81
2WKHU$SSURYHGE\,5'$6HFXULWLHV - 81,459.04 - 81,459.04
Total Financial Assets 4,286.76 83,395.85 2,808.55 90,491.16
Financial Liabilities - - - -
Total Financial Liabilities - - - -
$VDW0DUFK
/HYHO /HYHO /HYHO Total
Financial Assets
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,QYHVWPHQWVDW)972&,
2WKHU$SSURYHGE\,5'$6HFXULWLHV
Total Financial Assets
Total Financial Liabilities


$VDW$SULO
/HYHO /HYHO /HYHO Total
Financial Assets
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Total Financial Assets
Total Financial Liabilities
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(c) Movements in Level-3 Financial Instruments Measured at Fair Value
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Alternative Investment
Total 3DVV7KURXJK&HUWL¿FDWHV Equity Instruments
Particulars Funds
March, 2019 0DUFK March, 2019 0DUFK March, 2019 0DUFK March, 2019 0DUFK
Opening Balance 3,610.62 3,168.15 442.47 -
3XUFKDVHV 13,825.00 13,825.00 - -
Sales (15,607.34) (15,164.87) (442.47) -
Issuances - - - -
Settlements - - - -
7UDQVIHULQWR/HYHO - - - -
7UDQVIHUIURP/HYHO - - - -
1HW,QWHUHVW,QFRPH1HW7UDGLQJ 288.42 178.05 110.37 -

,QFRPHDQG2WKHU,QFRPH
2WKHU&RPSUHKHQVLYH,QFRPH 201.00 - - 201.00
Closing Balance 2,308.55 2,107.55 - 201.00
Unrealised Gains and (Losses) (279.27) (279.27) - -
Related to Balances Held at the
End of the Year


(d) Valuation Techniques
Debt Securities
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Equity Instruments
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Non Current Assets and Liabilities Held for Sale
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Financial Assets and Liabilities Measured at
Carrying Fair Value
Amortised Cost
Amount Level 1 Level 2 Level 3 Total
Financial Assets
Cash and Cash Equivalents 17,303.43 - - 17,303.43 17,303.43
%DQN%DODQFH2WKHU7KDQ$ERYH 112,002.81 - - 112,002.81 112,002.81
5HFHLYDEOHV
7UDGH5HFHLYDEOHV 34,630.13 - - 34,630.13 34,630.13
/RDQV 505,559.77 - - 505,559.77 505,559.77
Investments 53,283.94 - - 53,283.94 53,283.94
2WKHU)LQDQFLDO$VVHWV 20,045.00 - - 20,045.00 20,045.00
Total 742,825.08 - - 742,825.08 742,825.08
3D\DEOHV
7UDGH3D\DEOHV 26,379.39 - - 26,379.39 26,379.39
2WKHU3D\DEOHV 14,053.94 - - 14,053.94 14,053.94
'HEW6HFXULWLHV - - - - -
%RUURZLQJV2WKHUWKDQ'HEW6HFXULWLHV 615,337.75 - - 615,337.75 615,337.75
6XERUGLQDWHG/LDELOLWLHV 56,794.41 - - 56,794.41 56,794.41
2WKHU)LQDQFLDO/LDELOLWLHV 58,702.68 - - 58,702.68 58,702.68
Total 771,268.17 - - 771,268.17 771,268.17


Financial assets and liabilities measured at
Carrying Fair Value
amortised cost
Financial Assets
Cash and Cash Equivalents
%DQN%DODQFH2WKHU7KDQ$ERYH
5HFHLYDEOHV
7UDGH5HFHLYDEOHV
/RDQV
Investments
2WKHU)LQDQFLDO$VVHWV
Total 1,180,726.12 - - 1,180,726.12 1,180,726.12
3D\DEOHV
7UDGH3D\DEOHV
2WKHU3D\DEOHV
'HEW6HFXULWLHV
%RUURZLQJV2WKHUWKDQ'HEW6HFXULWLHV
6XERUGLQDWHG/LDELOLWLHV
2WKHU)LQDQFLDO/LDELOLWLHV
Total 1,094,614.72 - - 1,094,614.72 1,094,614.72
As at April 1, 2017
Financial assets and liabilities measured at
Carrying Fair Value
amortised cost
Financial Assets
%DQN%DODQFH2WKHU7KDQ$ERYH
5HFHLYDEOHV
7UDGH5HFHLYDEOHV
/RDQV
Investments
Total 1,839,000.25 - - 1,839,000.25 1,839,000.25
3D\DEOHV
7UDGH3D\DEOHV
2WKHU3D\DEOHV
'HEW6HFXULWLHV
%RUURZLQJV2WKHUWKDQ'HEW6HFXULWLHV
Total 1,626,136.84 - - 1,626,136.84 1,626,136.84
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(a) Primary Segment Information for the year ended March 31, 2019 is as under:
202
INFORMATION ABOUT PRIMARY BUSINESS SEGMENT
Investment Broking Financial
Particulars and Financing Related Advisory E-Governance Insurance Unallocated Total
Activities Activities Services
(i) Segment Revenue
External Revenue 91,786.56 23,288.20 116.03 2,399.59 122,246.97 725.62 240,562.97
158,336.15 32,083.97 673.57 3,189.59 78,120.91 1,609.34 274,013.53
Inter -Segmental Revenue (76.63) (310.42) - - (110.81) (26.67) (524.53)
(39.20) (162.28) - - (125.51) (175.32) (502.31)
Add: Interest/Dividend Income 133.37
30.55
Total Revenue 91,709.93 22,977.78 116.03 2,399.59 122,136.16 698.95 240,171.81
158,296.95 31,921.69 673.57 3,189.59 77,995.40 1,434.02 273,541.77
(ii) Segment Results (151,088.78) (2,256.43) (8.37) 658.43 5,682.27 (3,431.87) (150,444.75)
(141,114.98) 63.41 28.33 883.63 (1,135.25) 541.27 (140,733.59)
Less: Interest expense 32.88
16.86
Income Taxes (Current and Deferred) (258.16)
(22,691.81)
6KDUHLQ3UR¿W/RVVRI-RLQW9HQWXUHV (8.96)
/ Associates (using Equity Method)
(22.98)
3UR¿W/RVV)RU7KH<HDU (150,095.06)
(118,051.07)
Other Comprehensive Income 395.34
(409.82)
Total Comprehensive Income For The
Year (149,699.72)
(118,460.89)
Total Comprehensive Income For The
Year attributable to:
a) Owners of the Company (128,351.86)

(104,864.78)
Investment Broking Financial
Particulars and Financing Related Advisory E-Governance Insurance Unallocated Total
Activities Activities Services
b) Non Controlling Interest (21,347.86)
(13,596.11)
(iii) Segment Assets 635,045.01 69,846.08 182.36 1,534.82 156,916.70 - 863,524.97

1,113,841.61 85,779.44 198.37 1,509.56 109,923.95 - 1,311,252.93

Unallocated Corporate Assets 94,277.13 94,277.13
74,988.92 74,988.92
Total Assets 635,045.01 69,846.08 182.36 1,534.82 156,916.70 94,277.13 957,802.10
1,113,841.61 85,779.44 198.37 1,509.56 109,923.95 74,988.92 1,386,241.85
(iv) Segment liabilities 693,471.72 60,080.67 89.27 1,527.66 116,800.27 - 871,969.59

1,043,380.86 71,062.56 258.72 1,497.23 84,749.30 - 1,200,948.67
Unallocated Corporate Liabilities 2,527.56 2,527.56
1,639.99 1,639.99
Total liabilities 693,471.72 60,080.67 89.27 1,527.66 116,800.27 2,527.56 874,497.15
1,043,380.86 71,062.56 258.72 1,497.23 84,749.30 1,639.99 1,202,588.66
(v) Capital Expenditure* 400.01 135.86 - 1.24 - 7.11 544.22

398.69 547.33 - 5.53 33.19 21.76 1,006.50
(vi) Depreciation and Amortization 389.49 441.65 7.82 38.01 1,599.87 96.30 2,573.14
546.07 637.57 18.73 50.27 1,506.59 246.64 3,005.87
(vii) Non Cash Expenditure other than 140,234.58 623.01 - 0.07 - 1,916.98 142,774.65
Depreciation
64,254.20 391.51 - 0.09 - 472.02 65,117.82
)LJXUHVLQLWDOLFVUHSUHVHQW3UHYLRXV<HDU
7KHDPRXQWRIDGGLWLRQWRQRQFXUUHQWDVVHWVRWKHUWKDQ¿QDQFLDOLQVWUXPHQWVGHIHUUHGWD[DVVHWVQHWGH¿QHGEHQH¿WDVVHWVDQGULJKWDULVLQJXQGHU
LQVXUDQFHFRQWUDFWV
203

(b) Geographical Segment - Secondary Segment Information for the year ended March 31, 2019 is as under:
7KH*URXSUHSRUWVLWVRSHUDWLRQVXQGHUWKHIROORZLQJJHRJUDSKLFDOVHJPHQWV
Domestic OperationsFRPSULVHRIDFWLYLWLHVKDYLQJRSHUDWLRQVLQ,QGLD
Foreign OperationsFRPSULVHRIDFWLYLWLHVRXWVLGH,QGLD
Description
Revenue
'RPHVWLFRSHUDWLRQV 240,010.38
)RUHLJQ2SHUDWLRQV 161.43
Total 240,171.81
Carrying Amount of Segment Assets

'RPHVWLFRSHUDWLRQV 957,737.64
)RUHLJQ2SHUDWLRQV 64.46
Total 957,802.10
(c) Revenue from major customers
7KH*URXSLVQRWUHOLDQWRQUHYHQXHVIURPWUDQVDFWLRQVZLWKDQ\VLQJOHH[WHUQDOFXVWRPHUDQGGRHVQRWUHFHLYHRU
PRUHRILWVUHYHQXHVIURPWUDQVDFWLRQVZLWKDQ\VLQJOHH[WHUQDOFXVWRPHU
50. Details of individually immaterial joint ventures and associates

Particulars
$JJUHJDWHFDUU\LQJDPRXQWRILWVLQWHUHVWVLQDOOLQGLYLGXDOO\LPPDWHULDO
35.52
MRLQWYHQWXUHVRUDVVRFLDWHV
$JJUHJDWHDPRXQWRI*URXS¶VVKDUHRI
3UR¿WRUORVVIURPFRQWLQXLQJRSHUDWLRQV (8.96)
3RVWWD[SUR¿WRUORVVIURPGLVFRQWLQXHGRSHUDWLRQV -
2WKHUFRPSUHKHQVLYHLQFRPH -
Total comprehensive income (8.96)

Particulars
6KDUHRISUR¿WORVVIURPMRLQWYHQWXUHV (8.96)
6KDUHRISUR¿WORVVIURPDVVRFLDWHV -
Total (8.96)
51. Disclosure as per Accounting Standard 19 - Lease Accounting :

(A) Assets taken on Operating Lease
L 7KH*URXSFRPSDQLHVKDYHWDNHQRႈFHSUHPLVHVDQGYHKLFOHVRQRSHUDWLQJOHDVHDWYDULRXVORFDWLRQVDQG
OHDVHUHQWDOVLQUHVSHFWRIWKHVDPHKDYHEHHQFKDUJHGXQGHU³5HQW´LQWKH6WDWHPHQWRI3UR¿WDQG/RVV7KH
$JUHHPHQWVDUHH[HFXWHGIRUDSHULRGUDQJLQJEHWZHHQWR\HDUV7KH*URXSKDVVXEOHWVRPHSDUWRIWKH
UHQWDOSUHPLVHV
LL 7KHIXWXUHPLQLPXPOHDVHUHQWDOVIRUQRQFDQFHOODEOHOHDVHVRXWVWDQGLQJDUHDVXQGHU
Particulars
1RWODWHUWKDQ\HDU 753.31
/DWHUWKDQ\HDUDQGQRWODWHUWKDQ\HDUV 647.63
/DWHUWKDQ\HDUV -
LLL 5HQWSD\PHQWVDUHUHFRJQLVHGLQWKH6WDWHPHQWRI&RQVROLGDWHG3UR¿WDQG/RVVXQGHUµ5HQW¶LQ1RWH³2WKHU
([SHQVHV´


(B) Assets Taken on Financial Lease
$IHZ*URXSFRPSDQLHVKDYHWDNHQYHKLFOHVRQ¿QDQFHOHDVH7KHVHOHDVHDUUDQJHPHQWVUDQJHIRUDSHULRGEH
WZHHQDQG\HDUVDQGDUHFDQFHOODEOH
L 'HWDLOVRIDVVHWVWDNHQXQGHU¿QDQFHOHDVHDUHDVXQGHU
Particulars
7RWDORIIXWXUHPLQLPXPOHDVHSD\PHQWV 58.60
3UHVHQWYDOXHRIOHDVHUHFHLSWV 50.93
8QPDWXUHG¿QDQFHFKDUJHV 7.67
LL 0DWXULW\3UR¿OHRIIXWXUHPLQLPXPOHDVHSD\PHQWV
Particulars
/DWHUWKDQ\HDUV -
Total 58.60
LLL 0DWXULW\3UR¿OHRISUHVHQWYDOXHRIOHDVHSD\PHQWV
Particulars
/DWHUWKDQ\HDUV -
Total 50.93
52. Share Based Payment

(A) Religare Health Insurance Company Limited (“RHICL”)
Equity Settled Share Based Payment
Employee Stock Option Scheme 2010
Estimated
Exercise
Date of Number Contractual fair value
Series Vesting Conditions Price per
grant Granted Life of share
option
granted
6HULHV, 'HF 4 years RQH[SLU\RIPRQWKV

IURPJUDQWGDWH
6HULHV,, 0DU 4 years RQH[SLU\RIPRQWKV
IURPJUDQWGDWH

RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
6HULHV,,, $XJ 4 years
RQH[SLU\RIPRQWKV
IURPJUDQWGDWH

Employee Stock Option Scheme 2014

Estimated
Exercise
option
granted
6HULHV, -XO \HDUV
6HULHV,, $SU \HDUV
6HULHV,,, -XO \HDUV
RQH[SLU\RIPRQWKV
6HULHV,9 6HS \HDUV IURPJUDQWGDWH
6HULHV9 1RY \HDUV RQH[SLU\RIPRQWKV
6HULHV9, )HE \HDUV IURPJUDQWGDWH

6HULHV9,, 0DU \HDUV RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
6HULHV9,,, -XQ \HDUV
6HULHV,; 0DU \HDUV
6HULHV; 0DU \HDUV
RQH[SLU\RIPRQWKV
6HULHV;, -XO \HDU
IURPJUDQWGDWH
6HULHV,1HZ 1RY \HDUV RQH[SLU\RIPRQWKV
6HULHV,,1HZ 1RY \HDUV IURPJUDQWGDWH
RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
6HULHV,,,1HZ )HE \HDUV RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
CEO Scheme 2014

Estimated
Exercise
option
granted
&DWHJRU\
LQOLHXRI
VXUUHQGHURI RQH[SLU\RIPRQWKV
-XO \HDU
2SWLRQVJUDQWHG IURPJUDQWGDWH
XQGHU
6FKHPH
RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
&DWHJRU\ RQH[SLU\RIPRQWKV
-XO \HDUV
QHZ*UDQW IURPJUDQWGDWH
RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
RQH[SLU\RIPRQWKV
&DWHJRU\ -XO \HDU
IURPJUDQWGDWH
&DWHJRU\ -XO 0DU¶
RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
$SU
RQH[SLU\RIPRQWKV
IURPJUDQWGDWH

Estimated
Exercise
option
granted
RQH[SLU\RIPRQWKV
&DWHJRU\ $SU
IURPJUDQWGDWH
&DWHJRU\ $SU $SULO
RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
-XO
RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
RQH[SLU\RIPRQWKV
&DWHJRU\ -XO
IURPJUDQWGDWH
&DWHJRU\ -XO -XO\
&DWHJRU\QHZ RQH[SLU\RIPRQWKV
6HS
*UDQW IURPJUDQWGDWH
RQH[SLU\RIPRQWKV
&DWHJRU\ 6HS
IURPJUDQWGDWH
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RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
1RY
*UDQW IURPJUDQWGDWH
RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
RQH[SLU\RIPRQWKV
&DWHJRU\ 1RY
IURPJUDQWGDWH
&DWHJRU\ 1RY 1RYHPEHU
RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
)HE
*UDQW IURPJUDQWGDWH
RQH[SLU\RIPRQWKV
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RQH[SLU\RIPRQWKV
&DWHJRU\ )HE
IURPJUDQWGDWH
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RQH[SLU\RIPRQWKV
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0DU
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RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
RQH[SLU\RIPRQWKV
&DWHJRU\ 0DU
IURPJUDQWGDWH
&DWHJRU\ 0DU 0DUFK

Estimated
Exercise
option
granted
RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
-XQ
*UDQW IURPJUDQWGDWH
RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
RQH[SLU\RIPRQWKV
&DWHJRU\ -XQ
IURPJUDQWGDWH
&DWHJRU\ -XQ -XQH
RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
0DU
*UDQW IURPJUDQWGDWH
RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
RQH[SLU\RIPRQWKV
&DWHJRU\ 0DU
IURPJUDQWGDWH
&DWHJRU\ 0DU 0DUFK
RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
0DU
*UDQW IURPJUDQWGDWH
RQH[SLU\RIPRQWKV
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RQH[SLU\RIPRQWKV
&DWHJRU\ 0DU
IURPJUDQWGDWH
&DWHJRU\ 0DU 0DUFK
-XO
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RQH[SLU\RIPRQWKV
&DWHJRU\ -XO
IURPJUDQWGDWH
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6HULHV,1HZ 1RY \HDUV RQH[SLU\RIPRQWKV
6HULHV,,1HZ 1RY \HDU IURPJUDQWGDWH
RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
6HULHV,,,1HZ )HE RQH[SLU\RIPRQWKV
IURPJUDQWGDWH
1RWH'XULQJWKH\HDUYDOXDWLRQKDVEHHQWDNHQDWFRPSDUDEOHFRPSDQ\PHWKRG

6FKHGXOHVIRUPLQJSDUWRI¿QDQFLDOVWDWHPHQWV
Cancellation
Number Number
of Options
of Options Issued Options of Options Exercisable
due to
Scheme Outstanding During the Exercised outstanding as at March
resignations
as on April year 2018-19 as on March 31st, 2019
/ surrender
1st, 2018 31st, 2019
2018-19
ESOP Scheme 2010*
6HULHV,
6HULHV,,
6HULHV,,,
ESOP Scheme 2014*

6HULHV,
6HULHV,,
6HULHV,,,
6HULHV,9
6HULHV9
6HULHV9,
6HULHV9,,
6HULHV9,,,
6HULHV,;
6HULHV;
6HULHV;,
6HULHV,1HZ
6HULHV,,1HZ
6HULHV,,,1HZ
CEO Scheme 2014

6HULHV,
6HULHV,,
6HULHV,,,
6HULHV,9
6HULHV9
6HULHV9,
6HULHV9,,
6HULHV9,,,
6HULHV,;
6HULHV;
6HULHV;,
6HULHV,1HZ
6HULHV,,1HZ
6HULHV,,,1HZ
Total 63,043,848 81,115,921 2,801,262 42,994,247 98,364,260 17,248,339
2SWLRQVLQFOXGLQJQXPEHUVRI5+,&/(PSOR\HHVDQG5(/6HQLRUV

(B) Religare Finvest Limited (“RFL”)
Type of Scheme ESOP Scheme 2013 (Series - I) ESOP Scheme 2013 (Series - II)
'DWHRI*UDQW $XJ 6HS
1XPEHU*UDQWHG
&RQWUDFWXDO/LIH 'HSHQGHQWRQFRQGLWLRQVEHLQJPHW 'HSHQGHQWRQFRQGLWLRQVEHLQJPHW
9HVWLQJ&RQGLWLRQV LQVLQJOHWUDQFKHZKHQFRQGLWLRQ LQVLQJOHWUDQFKHZKHQFRQGLWLRQ
attained attained
0HWKRGRI2SWLRQ9DOXDWLRQ :HLJKWHG $YHUDJH RI 1HW $VVHWV 9DOXH :HLJKWHG $YHUDJH RI 1HW $VVHWV 9DOXH
'&) 0DUNHW &DS 1HW ZRUWK 0XOWLSOH '&) 0DUNHW &DS 1HW ZRUWK 0XOWLSOH
methods methods
([HUFLVH3ULFH5VSHUVKDUH
(VWLPDWHGIDLUYDOXHRIVKDUH
JUDQWHG5VSHUVKDUH
Number
No. of Options Issued Cancellation Options
of Options Exercisable
outstanding During of Options Exercised
Scheme outstanding as at
as on the During the during the
as on March 31, 2019
April 1, 2018 Year Year Year
March 31, 2019
6FKHPH
Total 12,225,000 - 7,709,000 - 4,516,000 4,516,000
ESOPs vesting (Series - I) ESOPs vesting (Series - II)

* Business Scenario
% of options allotted % of options allotted
5)/5R(LQ)<RU)<! RULI5)/3%9LQ
)<RU)<! [
5)/5R(LQ)<RU)<! RULI5)/3%9LQ
)<RU)<! [
5)/5R(LQ)<RU)<! RULI5)/3%9LQ
)<RU)<! [A
A7KLVFRQGLWLRQKDGEHHQPHHWDFFRUGLQJO\RSWLRQVJUDQWHGXQGHUVHULHV,DQGVHULHV,,KDYHYHVWHGGXULQJWKH
¿QDQFLDO\HDUEDVLVDSSURYDOIURPWKH1RPLQDWLRQDQG5HPXQHUDWLRQ&RPPLWWHH
Note: 7RWDO(623SRRODSSURYHGLVQXPEHURIRSWLRQV
,I5)/LVFRQYHUWHGLQWRD%DQNLQJHQWLW\WKHIROORZLQJFRQGLWLRQVZRXOGDSSO\
,IFRPPHUFLDORSHUDWLRQVEHJLQZLWKLQPRQWKVIURPQHZGDWHRIRSWLRQJUDQWRIWRWDOSRROZRXOGYHVWRQDFFHO
HUDWHGEDVLVDQG5(/ZLOOSXUFKDVHYHVWHGRSWLRQVDW)09RQVXFKGDWH
,IFRPPHUFLDORSHUDWLRQVEHJLQDIWHUPRQWKVIURPQHZGDWHRIRSWLRQJUDQWRIWRWDOSRROZRXOGYHVWDQG5(/
ZLOOSXUFKDVHYHVWHGRSWLRQVDW)09RQVXFKGDWH
RoE - Return on Equity, P/BV - Price to Book Value, FMV - Fair Market Value
$VWKHIDLUYDOXHRIWKHVKDUHVDWWKHGDWHRIJUDQWRI2SWLRQVLVHTXDOVWRWKHH[HUFLVHSULFHQRDPRXQWKDVEHHQFKDUJHG
WRWKH6WDWHPHQWRI3UR¿WDQG/RVV

(C) Religare Broking Limited (“RBL”)

Type of Scheme ESOP Scheme 2016 ESOP Scheme 2012
'DWHRIJUDQW -XQ )HE
1XPEHU*UDQWHG
&RQWUDFWXDO/LIH <HDUV <HDUV
9HVWLQJ&RQGLWLRQV RQH[SLU\RIPRQWKVIURPJUDQWGDWH RQH[SLU\RIGD\IURPJUDQWGDWH
RQH[SLU\RIPRQWKVIURPJUDQWGDWH
RQH[SLU\RIPRQWKVIURPJUDQWGDWH
0HWKRGRI2SWLRQ9DOXDWLRQ %ODFN6FKROHV2SWLRQ3ULFLQJ0HWKRG %ODFN6FKROHV2SWLRQ3ULFLQJ0HWKRG
([HUFLVH3ULFHSHURSWLRQ
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granted
Number
Number Issued Cancellation of Options
of Options Exercisable
of Options During due to resignations/ Options
Scheme outstanding as as at March
Outstanding as the surrender during the Exercised
on March 31, 31, 2019
on April 1, 2018 year year
2019
(6236FKHPH
(6236FKHPH
TOTAL 1,853,800 - 564,800 - 1,289,000 1,289,000
Range of Exercise Price
ESOP Scheme 2012
ESOP Scheme 2016#
(6236FKHPHDQGKDYHVLQFHQRZEHHQFORVHGVXEVHTXHQWWRWKH%DODQFH6KHHWGDWHLQ1RYHPEHUDQG
-DQXDU\UHVSHFWLYHO\DVWKHUHZHUHQLORXWVWDQGLQJRIRSWLRQVJUDQWHGRQWKHGDWHRIDSSURYDORI&RPSRVLWH6FKHPH
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#
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53. First Time Adoption of Ind AS
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RSWLRQDOH[HPSWLRQVDYDLOHGE\WKH*URXSDVGHWDLOHGEHORZ
(a) Estimates
7KHHVWLPDWHVDVDW$SULODQGDW0DUFKLQDFFRUGDQFHZLWK,QG$6DUHFRQVLVWHQWZLWKWKRVHPDGH
IRUWKHVDPHGDWHVLQDFFRUGDQFHZLWKSUHYLRXV*$$3DIWHUDGMXVWPHQWVWRUHÀHFWDQ\GLႇHUHQFHVLQDFFRXQWLQJ
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,QG$6UHTXLUHVQRQFXUUHQWDVVHWVRUGLVSRVDO*URXSWKDWPHHWWKHFULWHULDWREHFODVVL¿HGDVKHOGIRUVDOH
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As at March 31, 2018 As at April 1, 2017
Particulars Note No. (ႇHFWRI (ႇHFWRI
Merger
IGAAP* transition IND AS IGAAP* transition IND AS
Impact #
to Ind AS to Ind AS
ASSETS
Financial Assets

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$ERYH
5HFHLYDEOHV
7UDGH5HFHLYDEOHV
/RDQV
Investments
1RQ¿QDQFLDO$VVHWV
Inventories
&XUUHQW7D[$VVHWV1HW
'HIHUUHG7D[$VVHWV1HW
3URSHUW\3ODQWDQG

Equipment
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2WKHU,QWDQJLEOH$VVHWV
&DSLWDO:RUNLQ3URJUHVV
,QWDQJLEOH$VVHWV8QGHU

'HYHORSPHQW
2WKHU1RQ)LQDQFLDO$VVHWV
Total Assets 1,357,631.38 28,610.47 1,386,241.85 1,995,279.43 12,115.53 10,597.27 2,017,992.23
213
214
As at March 31, 2018 As at April 1, 2017
Particulars Note No. (ႇHFWRI (ႇHFWRI
Merger
IGAAP* transition IND AS IGAAP* transition IND AS
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LIABILITIES
3D\DEOHV
7UDGH3D\DEOHV
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micro enterprises and small
enterprises
LLWRWDORXWVWDQGLQJGXHV
RIFUHGLWRUVRWKHUWKDQ

enterprises
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Total Liabilities 1,155,041.60 5,703.96 1,160,745.56 1,670,505.20 (476.73) 4,271.93 1,674,300.40
EQUITY
Equity Share Capital
2WKHU(TXLW\
Equity Attributable to
168,464.39 15,188.80 183,653.19 275,338.91 12,592.26 799.49 288,730.66
Owners of the Group
Total Equity 202,589.78 22,906.51 225,496.29 324,774.23 12,592.26 6,325.34 343,691.83

Total Liabilities and Equity 1,357,631.38 28,610.47 1,386,241.85 1,995,279.43 12,115.53 10,597.27 2,017,992.23
7KHSUHYLRXV*$$3¿JXUHVKDYHEHHQUHFODVVL¿HGWRFRQIRUPWR,QG$6SUHVHQWDWLRQUHTXLUHPHQWVIRUWKHSXUSRVHVRIWKLVQRWH
#
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Revenue
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1HW*DLQRQ)DLU9DOXH&KDQJHV
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Total Revenue From Operations 246,130.60 6,316.15 252,446.75
2WKHU,QFRPH
Total Income 267,111.48 6,430.29 273,541.77
Expenses
)LQDQFH&RVWV
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2WKHU([SHQVHV
Total Expenses 424,896.72 (10,635.05) 414,261.67
3UR¿W/RVV%HIRUH([FHSWLRQDO,WHPVDQG7D[ (157,785.24) 17,065.34 (140,719.90)

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3UR¿W/RVV%HIRUH7D[ (157,785.24) 17,042.36 (140,742.88)
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&XUUHQW7D[
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ĺ1HW*DLQ/RVVRQ'HEW6HFXULWLHV)972&,
Subtotal (B) - (405.44) (405.44)
Other Comprehensive Income (Net of Tax) (A + B) - (409.82) (409.82)
Total Comprehensive Income For The Year (135,042.07) 16,581.18 (118,460.89)
3UR¿W/RVVIRUWKH\HDUDWWULEXWDEOHWR
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(135,042.06) 16,990.99 (118,051.07)
Other Comprehensive Income attributable to:
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- (409.82) (409.82)
Total Comprehensive Income attributable to:
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(135,042.06) 16,581.17 (118,460.89)
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Equity
First-Time the year
Particulars
Adoption As at As at For the year ended
March 31, 2018 April 1, 2017 on March 31, 2018
Total ‘Equity’ as per Previous Indian GAAP 168,464.39 275,338.91 -
3UR¿WDQG/RVV¶IRUWKH\HDUDWWULEXWDEOHWR - - (119,250.10)
the owners as per Previous Indian GAAP
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Notes to 3UR¿WDQG/RVVIRU
Equity
First-Time the year
Particulars
Adoption As at As at For the year ended
March 31, 2018 April 1, 2017 on March 31, 2018
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3UR¿WDQG/RVV¶IRUWKH\HDUDWWULEXWDEOHWR (104,864.78)
the owners as per Ind AS
53.4 Notes to First-Time Adoption:

a) Preference Share Capital
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d) Loan Processing Charges Received on Loans Given
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e) Interest Income on Non Performing Loans Recognised Under Ind AS
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f) Expected Credit Loss Allowances (“ECL”) on Financial Assets
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54. Related Party Disclosures
Nature of Relationship Name of Party
(a) Individual Owning Direct or Indirect Interest and
Voting Power that Given them Control
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(c) Key Managerial Personnel (“KMP”) and close
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Following transactions were carried out with related parties in the ordinary course of business at arm’s length basis:
Nature of Transactions Name of the Related Party RP Type For the )RUWKH
Year Ended on <HDU(QGHGRQ
FINANCING TRANSACTIONS
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$156HFXULWLHV3ULYDWH/LPLWHG d -
5HOLJDUH&DSLWDO0DUNHWV/LPLWHG I -
5+&+ROGLQJ3ULYDWH/LPLWHG d -
Inter Corporate Loans Given -
Total
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Inter Corporate Loans Received -
Back Total
3UHIHUHQWLDO$OORWPHQWRI(TXWL\
6KDUHV,VVXDQFHRI(TXLW\
6KDUHV¶:DUUDQWVRIWKH&RPSDQ\
0U$VKRN0HKWD c 2,500.00
Preferential Allotment of 2,500.00
Equtiy Shares / Issuance of
Equity Shares’ Warrants of the
Company Total
INVESTMENTS TRANSACTIONS
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Purchase of Bonds / Commercial -
Papers Total
6DOHRI%RQGV&RPPHUFLDO
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Sale of Bonds / Commercial -
Papers Total
OTHER RECEIPTS AND
PAYMENTS
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Purchase of Fixed Asset Total -

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65//LPLWHG d -
Insurance Claims Payment Total -
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Advance
0U$QXM*XODWL c 0.29
Insurance Premium Received in 0.29
Advance Total
5HLPEXUVHPHQWRI6WDWXWRU\
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65//LPLWHG d -
Reimbursement of Statutory -
Liabilities (on behalf of
employees) Total
5HFHLSWRI,QVXUDQFH3UHPLXP
0U$QXM*XODWL c 0.41
5HOLJDUH&DSLWDO0DUNHWV/LPLWHG I 0.55
Receipt of Insurance Premium 0.96
Total
5HIXQGRI,QVXUDQFH3UHPLXP
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Refund of Insurance Premium -
Total
6HFXULW\'HSRVLWV*LYHQIRU
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Security Deposits Given (for -
appointment of directors) Total
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Security Deposits Given (for -
appointment of directors)
Received Back Total
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Advance given for Settlement of -
Corporate Guarantee Total
INCOME
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0V6DQMDQD0DQJOLN c 0.01
Brokerage Earned Total 0.01
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65//LPLWHG d -
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Depository Charges Total 0.15
Interest Income on Inter Corporate
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Interest Income on Inter 79.55
Corporate Loans Total
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Lease Rental Income Total 0.61
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Expenses Reimbursement by 1.39
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Support Service Income
Support Service Income Total -
Interest Earned on Commercial
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Interest Earned on Commercial -
Papers Total
EXPENSES
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0U-D\DQW0DQJOLN c 1,931.26
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Remuneration to Key 1,931.26
Management Personnel Total
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0U'HHSDN6DEQDQL c 1.00
0U0DOD\.XPDU6LQKD c 34.20
0U0DOYLQGHU0RKDQ6LQJK a -
0U5DPD.ULVKQD6KHWW\ c 5.20
0U6XVKLO&KDQGUD7ULSDWKL c 21.20
0U9LNUDP7DOZDU c 16.00
0V6DELQD9DLVRKD c 16.40
'U0DQMXVKUHH*KRGNH c 2.00
0U3DGDP%DKO c 1.40
0U$YLQDVK&KDQGHU0DKDMDQ c -
0V9LMD\DODNVKPL5DMDUDP,\HU c 29.40
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0U9LYHN*R\DO c -
Director’s Sitting Fees Total 132.60
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Support Service Expenses Total -
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Companies Total
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5HOLJDUH)LQYHVW/LPLWHG*URXS e 27.53
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Contribution to Post 2,317.09
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Outstanding Balances:
Nature of Transactions Name of the Related Party RP As at As at As at
Type March 31, 2019 0DUFK $SULO
OUTSTANDING BALANCES
PAYABLES
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0U.DYL$URUD c -
Outstanding Debentures -
Issued Total
,QWHUHVW3D\DEOHRQ'HEHQWXUHV
0U.DYL$URUD c -
Interest Payable on -
Debentures Total
6HFXULW\'HSRVLWV3D\DEOH
Security Deposits Payable 2.30
Total
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0U6XUDWK6LQJK a -
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/LPLWHG
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Other Payables Total 60.45
RECEIVABLES
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Inter Corporate Loans 901.60
Receivable Total


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Interest Receivable on Inter 295.49
Corporate Loans Total
&RPPHUFLDO3DSHUV5HFHLYDEOH
Commercial Papers- -
Receivable Total
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Interest Receivable on -
Commercial Papers Total
([SHFWHG&UHGLW/RVVRQ
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Expected Credit Loss on -
Outstanding Inter Corporate
Loans Total
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Trade Receivable Total 0.57


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5HOLJDUH&DSLWDO0DUNHWV/LPLWHG I 1,326.50
Advance given for Settlement 1,326.50
of Corporate Guarantee Total
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Other Receivables Total 544.69
55. Financial Risk Management
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(A) Liquidity Risk
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(B) Market Risk
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(ii) Foreign Exchange Risk
)RUHLJQH[FKDQJHULVNLVWKHULVNRILPSDFWUHODWHGWRIDLUYDOXHRUIXWXUHFDVKÀRZVRIDQH[SRVXUHLQIRUHLJQ
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(iii) Interest Rate Risk
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(C) Credit Risk
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(D) Operational Risk
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(E) Compliance Regulatory Legal Risk
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(F) Strategic Business Risk
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(G) Reputational Risk

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56. Capital Management

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57. Other Notes
(a) The Micro, Small And Medium Enterprises Development (“MSMED”) Act, 2006:
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GLVFORVXUHUHTXLUHPHQWVXQGHU0LFUR6PDOODQG0HGLXP(QWHUSULVHV'HYHORSPHQW$FWDUHDSSOLFDEOH
(b) 6XEVHTXHQWWRWKH\HDUHQGLQ0D\,&5$DQG,QGLD5DWLQJVDQG5HVHDUFK³,1'5$´KDYHGRZQJUDGHGWKH
FUHGLWUDWLQJRI5HOLJDUH)LQYHVW/LPLWHG³5)/´DVXEVLGLDU\RIWKH&RPSDQ\IRUYDULRXV/RQJ7HUP%DQN/RDQV
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58. Previous Years Figures
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Signature to Note 1 to 58 Forming Part of the Financial Statements
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FORM AOC - 1
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Part “A” : Subsidiaries*
1 Sl. No. 1 2 3 4 5 6
Religare Religare
Religare Religare Religare Health Credit Religare
2 Name of the Subsidiary Finvest Broking Commodities Insurance Advisor Comtrade
Limited Limited Limited Company Private Limited
Limited Limited

3 The date since when subsidiary was acquired 6HSWHPEHU -XO\ $SULO $SULO 'HFHPEHU -XQH

4 5HSRUWLQJ3HULRGLIGLႇHUHQWIURP+ROGLQJ&RPSDQ\ 1$ 1$ 1$ 1$ 1$ 1$
5 Reporting Currency ,15 ,15 ,15 ,15 ,15 ,15
6 ([FKDQJH5DWHDVRQODVWGDWHRI¿QDQFLDO\HDU 1$ 1$ 1$ 1$ 1$ 1$
7 Equity Share Capital (Rs in Lakhs)
8 Other Equity (Rs in Lakhs)
9 Total Assets (Rs in Lakhs)
10 Total Liabilities (Rs in Lakhs) (Including Equity and
Other Equity)
11 Investments (Rs in Lakhs)
12 Total Revenue^ (Rs in Lakhs)
13 3UR¿W/RVV%HIRUH7D[DWLRQ5VLQ/DNKV
14 Provision for Taxation (Rs in Lakhs)
15 3UR¿W/RVV$IWHU7D[DWLRQ5VLQ/DNKV
16 Other Comprehensive Income (Rs in Lakhs)
17 Total Comprehensive Income (Rs in Lakhs)
18 Proposed Dividend (Rs in Lakhs)
19 RIVKDUHKROGLQJ(TXLW\DVRQODVWGDWHRI¿QDQFLDO
year
Form AOC - 1
237
Part “A” : Subsidiaries*
238
1 Sl. No. 7 8 9 10 11
Religare Advisors Religare
Limited (formerly Religare Housing
Religare Religare
known as Business Development
2 Name of the Subsidiary Global Asset Insurance
Religare Wealth Solutions Finance
Management Inc. Limited
Management Limited Corporation
Limited)# Limited
3 The date since when subsidiary was acquired 0DUFK 2FWREHU 'HFHPEHU -XO\ -XQH
4 5HSRUWLQJ3HULRGLIGLႇHUHQWIURP+ROGLQJ&RPSDQ\ 1$ 1$ 1$ 1$ 1$
5 Reporting Currency ,15 ,15 86' ,15 ,15
6 ([FKDQJH5DWHDVRQODVWGDWHRI¿QDQFLDO\HDU 1$ 1$ 1$ 1$
Form AOC - 1
7 Equity Share Capital (Rs in Lakhs)
8 Other Equity (Rs in Lakhs)
9 Total Assets (Rs in Lakhs)
10 Total Liabilities (Rs in Lakhs) (Including Equity and
Other Equity)
11 Investments (Rs in Lakhs)
12 Total Revenue^ (Rs in Lakhs)
13 3UR¿W/RVV%HIRUH7D[DWLRQ5VLQ/DNKV
14 Provision for Taxation (Rs in Lakhs)
15 3UR¿W/RVV$IWHU7D[DWLRQ5VLQ/DNKV
16 Other Comprehensive Income (Rs in Lakhs)
17 Total Comprehensive Income (Rs in Lakhs)
18 Proposed Dividend (Rs in Lakhs)
19 % of shareholding (Equity) as on last date of
¿QDQFLDO\HDU
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#
1DPHRI5HOLJDUH:HDOWK0DQDJHPHQW/LPLWHGKDVEHHQFKDQJHGWR5HOLJDUH$GYLVRUV/LPLWHGZHI'HFHPEHU
Names of subsidiaries which are yet to commence operations
Sl. No. Name of the Company
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Names of the subsidiaries which have been liquidated or sold during the year
Sl. No. Name of the Company
$UJLO$GYLVRUV//3IRUPHUO\NQRZQDV&HUHVWUD&DSLWDO$GYLVRUV//3KDVEHHQVWUXFNRႇIURPZHI$SULO
For and on behalf of the Board of Directors
6G 6G
Vijayalakshmi Rajaram Iyer Sabina Vaisoha
'LUHFWRU 'LUHFWRU
DIN- 05242960 DIN-00207306
6G 6G
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Reena Jayara
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'DWH 0D\ Membership No. A19122
Form AOC - 1
FORM AOC - 1
Part “B” : Associates and Joint Ventures*
Statement pursuant to section 129(3) of the Companies Act, 2013 related to Associates Companies and Joint Ventures
SI. Name of Associates / Joint Ventures Joint Venture Associate

No IBOF Investment
Management Private
Limited
1 Latest audited balance sheet Date March 31, 2019
2 Date on which the Associate or Joint Venture was April 8, 2009
associated or acquired

3 Equity Shares of Associate / Joint Ventures held by

the Company on the year end

Numbers 3,499,999

Amount of Investment in Associates / Joint Venture (Net 350.00

of Allowance for Impairment Loss / Provisions) (Rs in

Lakhs)
/
1,
Extend of Equity Shares Holding (%) 50%

4 &GUETKRVKQPQHJQYVJGTGKUUKIPKſECPVKPƀWGPEG Refer Note A below

5 Reason why the associate / Joint Venture is not N.A.

consolidated

6 Net worth attributable to shareholding (of Holding 35.51

Company) as per latest audited Balance Sheet (Rs in

Lakhs)

7 2TQſV
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i. Considered in Consolidation (Rs in Lakhs) (8.96)
ii. Not Considered in Consolidation (Owing to proportionate N.A.
consolidation of Joint Venture) (Rs in Lakhs)
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Note A: 7KHUHLV6LJQL¿FDQWLQÀXHQFHGXHWRSHUFHQWDJHRI6KDUH&DSLWDO
For and on behalf of the Board of Directors
6G 6G
Vijayalakshmi Rajaram Iyer Sabina Vaisoha
'LUHFWRU 'LUHFWRU
DIN- 05242960 DIN-00207306
6G 6G
*URXS&(2 &)2
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Reena Jayara
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'DWH 0D\ Membership No. A19122

TO THE MEMBERS OF RELIGARE ENTERPRISES LIMITED
Report on the Audit of the Standalone Financial Statements
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ANNEXURE “B” TO THE INDEPENDENT AUDITOR’S REPORT

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Annexure B to Independent Auditor’s Report
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Balance Sheet for the year ended March 31, 2019

Particulars Note As at $VDW $VDW
No. March 31, 2019 0DUFK $SULO
ASSETS
Financial Assets
&DVKDQGFDVKHTXLYDOHQWV 344.51
%DQN%DODQFHRWKHUWKDQDERYH 7 4.40
/RDQV -
,QYHVWPHQWV 211,209.41
2WKHU)LQDQFLDO$VVHWV 2,344.02
1RQ¿QDQFLDO$VVHWV
&XUUHQW7D[$VVHWV1HW 11 5,472.11
'HIHUUHGWD[$VVHWV1HW 173.56
3URSHUW\3ODQWDQG(TXLSPHQW 108.64
2WKHU,QWDQJLEOH$VVHWV 39.04
2WKHU1RQ)LQDQFLDO$VVHWV 1,503.01
Total Assets 221,198.70
LIABILITIES
3D\DEOHV
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HQWHUSULVHV
LL7RWDORXWVWDQGLQJGXHVRIFUHGLWRUVRWKHUWKDQPLFUR 1,003.35
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%RUURZLQJV2WKHUWKDQ'HEW6HFXULWLHV 17 38,058.74
2WKHU)LQDQFLDO/LDELOLWLHV 16,029.14
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2WKHU1RQ)LQDQFLDO/LDELOLWLHV 123.33
EQUITY
6KDUH&DSLWDO 21,694.27
2WKHU(TXLW\ 144,221.02
Total Liabilities and Equity 221,198.70
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Place : New Delhi Place : New Delhi &RPSDQ\6HFUHWDU\
Date : May 23, 2019 Date : May 23, 2019 Membership No. A19122

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Particulars Note Year ended <HDUHQGHG
Revenue from Operations
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2WKHUV 13.53
7RWDO5HYHQXHIURPRSHUDWLRQV, 912.97
Other Income (II) 2,603.60
Total Income (III)=(I+II) 3,516.57
Expenses
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2WKHUV([SHQVHV 2,358.08
Total Expenses (IV) 18,127.79
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Other Comprehensive Income (X) 16.19
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and other Comprehensive Income for the period)(IX+X)
Earning Per Share
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E'LOXWHG(36` (6.93)
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Statement of Changes in Equity
Equity Share Capital (Amount in ` lakhs, unless otherwise stated)

Balance at the Changes in
Balance at
beginning of equity share
Particular the end of the
the reporting capital during
reporting period
period the year
For the Year ended March 31,2018
For the Year ended March 31,2019
Other Equity
Share appli- Capital Other

cation money Share reserve Compre-
Particular Securities Capital Total
pending Warrant Statutory arising out General Retained hensive
Premium Redemption
allotment Reserves of composite Reserve Earnings Income
Reserve Reserve
scheme of
arrangement
Balance at April 1, 2017 169.05 - 9,712.63 6,525.65 352,219.27 123.14 2,654.14 (205,759.16) (6.88) 165,637.85
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Total Comprehensive Income - - - - - - - (32,625.16) (10.87) (32,636.03)
for the year
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Balance at March 31, 2018 - - 9,712.63 6,525.65 352,376.25 123.14 2,654.14 (238,384.32) (17.75) 132,989.74
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Total Comprehensive Income - - - - - - - (14,611.22) 16.19 (14,595.03)
for the year
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/HVVXWLOLVHGRQDOORWPHQW 4,070.04
Balance at March 31, 2019 - 9,546.11 9,712.63 6,525.65 368,656.46 123.14 2,654.14 (252,995.54) (1.56) 144,221.02
NOTE
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Cash Flows Statement for the year ended March 31, 2019

Particulars Year ended <HDUHQGHG
Cash Flow From Operating Activities:
3UR¿W/RVV%HIRUH7D[ (14,611.22)
Adjustments for:
/RVVSUR¿WRQ6DOHRI3URSHUW\3ODQWDQG(TXLSPHQW1HW (4.66)
,QFRPHIURP$UELWUDJHDQG7UDGLQJRI6HFXULWLHVDQG'HULYDWLYHV -
,QWHUHVWRQ,QFRPH7D[UHIXQG (538.17)
,QWHUHVWRQ)L[HG'HSRVLW (2.58)
$PRUWLVDWLRQRI'LVFRXQWRQLVVXHRI&RPPHUFLDO3DSHU 106.09
'HSUHFLDWLRQDQG$PRUWLVDWLRQ([SHQVH 85.42
,QWHUHVW&RVWRQ'HEHQWXUHV7HUP/RDQ 3,573.92
3URSHUW\3ODQWDQG(TXLSPHQW:ULWWHQRႇ -
3URYLVLRQIRU*UDWXLW\DQG/HDYH(QFDVKPHQW 15.36
&RQWLQJHQW3URYLVLRQRQ6WDQGDUG$VVHWV1HW -
/RVV3UR¿WRQ6DOHRI1RQ&XUUHQW,QYHVWPHQWV (89.50)
/RVV3UR¿WRQ6DOHRI&XUUHQW,QYHVWPHQWV (13.53)
3URYLVLRQIRU'LPLQXWLRQLQYDOXHRI1RQ&XUUHQW,QYHVWPHQWV -
3URYLVLRQIRU1RQ3HUIRUPLQJ$VVHWV 44.01
3URYLVLRQIRU6HFXULW\'HSRVLW -
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3D\PHQWIRU*UDWXLW\DQG/HDYH(QFDVKPHQW (23.96)
8QUHDOLVHG)RUHLJQ([FKDQJH/RVV1HW -
,QWHUHVWH[SHQVHDVSHU(,5RQOLDELOLW\SRUWLRQRISUHIHUHQFHVKDUHV 577.55
/RVVRQ)DLU9DOXHFKDQJHV7KURXJK3/ 9,934.24
)LQDQFLDOOLDELOLW\SD\DEOHRQDFFRXQWRI/HWWHURIFRPIRUW -
*DLQRQIDLUYDOXDWLRQRI0XWXDOIXQGYHQWXUHFDSLWDOIXQGDQGDOWHUQDWLYHLQYHVWPHQW 6.37
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(&/RQ6XSSRUW6HUYLFHV 139.37
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2SHUDWLQJ3UR¿W/RVVEHIRUH:RUNLQJ&DSLWDOFKDQJHV (785.10)
Adjustments for changes in Working Capital :
,QFUHDVH'HFUHDVHLQ2WKHU1RQ)LQDQFLDO$VVHWV -
,QFUHDVH'HFUHDVHLQ)LQDQFLDO 1RQ)LQDQFLDO$VVHWV 1,552.86
,QFUHDVH'HFUHDVHLQ/RDQV 304.00
,QFUHDVH'HFUHDVHLQ7UDGH3D\DEOHV (96.07)
,QFUHDVH'HFUHDVHLQ)LQDQFLDO 1RQ)LQDQFLDO/LDELOLWLHV (4,066.32)
,QFUHDVH'HFUHDVHLQ2WKHU&XUUHQW/LDELOLWLHV -
3URYLVLRQIRU,QFRPHWD[IRUHDUOLHU\HDUVUHYHUVHG -
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7D[HV3DLG5HIXQGV1HW 538.17
1HW&DVK*HQHUDWHG)URP8VHGLQ2SHUDWLQJ$FWLYLWLHV (2,552.46)
Cash Flow From Investing Activities:
Adjustments for changes in :
3XUFKDVHRI3URSHUW\3ODQWDQG(TXLSPHQW (8.65)

Cash Flows Statement for the year ended March 31, 2019

Particulars Year ended <HDUHQGHG
3URFHHGVIURP6DOHRI3URSHUW\3ODQWDQG(TXLSPHQW 13.36
3URFHHGVIURP6DOHRI1RQ&XUUHQW&XUUHQW,QYHVWPHQWVLQ
6XEVLGLDU\ FRPSDQLHV (TXLW\ 'HEHQWXUHV&RPPHUFLDO 3DSHUV &3V3UHIHUHQFH (500.00)
6KDUHV
2WKHUVLQFOXGLQJXQLWVRIPXWXDOIXQGV 14,144.24
,QYHVWPHQWVLQ1RQ&XUUHQW&XUUHQW,QYHVWPHQWVRI
6XEVLGLDU\&RPSDQLHV,QFOXGLQJ(TXLW\VKDUH'HEHQWXUHV3UHIHUHQFH6KDUHV&3V (8,499.84)
2WKHUVLQFOXGLQJXQLWVRIPXWXDOIXQGV (13,825.00)
&KDQJHVGXHWRWKHHႇHFWRIVFKHPHRIDUUDQJHPHQW)L[HG$VVHW -
&KDQJHVGXHWRHႇHFWRIVFKHPHRIDUUDQJHPHQW,QYHVWPHQW -
,QWHUHVWRQ)L[HGGHSRVLWV 2.58
&KDQJHVLQEDQNEDODQFHVRWKHUWKDQFDVKDQGFDVKHTXLYDOHQW 48.01
1HW&DVK*HQHUDWHG)URP8VHGLQ,QYHVWLQJ$FWLYLWLHV (8,625.30)
Cash Flow From Financing Activities:
,QWHUHVW3DLG (744.10)
3URFHHGIURP,VVXHRI6KDUH&DSLWDO 20,128.96
3URFHHGVRI6KDUH:DUUDQW 9,546.11
5HSD\PHQWRI/RQJ7HUP6HFXUHG%RUURZLQJV1&'V -
5HSD\PHQWIURP6KRUW7HUP%RUURZLQJV,QWHU&RUSRUDWH/RDQ (19,374.45)
3URFHHGVRI6KRUW7HUP%RUURZLQJV,QWHU&RUSRUDWH/RDQV 5,000.00
5HSD\PHQWRI&RPPHUFLDO3DSHU (3,072.55)
&KDQJHVGXHWRHႇHFWRIVFKHPHRIDUUDQJHPHQW&RPPHUFLDOSDSHUV -
1HW&DVK*HQHUDWHG)URP8VHG,Q)LQDQFLQJ$FWLYLWLHV 11,483.97
1HW,QFUHDVH'HFUHDVHLQ&DVKDQG&DVK(TXLYDOHQWV 306.20
&DVKDQG&DVK(TXLYDOHQWVDWWKH%HJLQQLQJRIWKH<HDU 38.31
Cash and Cash Equivalents at the end of the Year 344.51
Cash and Cash Equivalents at the end of the Year comprises of
&DVKLQKDQG 0.32
&KHTXHV6WDPSVLQKDQG 1.57
%DODQFHVZLWK6FKHGXOHG%DQNVLQ&XUUHQW$FFRXQWV 342.62
TOTAL 344.51
The accompanying notes are an integral part of the Financial Statements.
This is the Cash Flows Statement referred to in our report of even date
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Notes Forming Part of the Financial Statements
STANDALONE ACCOUNTING POLICIES FOR THE YEAR ENDED MARCH 31, 2019
1. CORPORATE INFORMATION
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2. BASIS OF PREPARATION
2.1 Statement of Compliance
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3. SIGNIFICANT ACCOUNTING POLICIES
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7KHFRPSDQ\¶V(,5PHWKRGRORJ\UHFRJQLVHVLQWHUHVWLQFRPHH[SHQVHXVLQJDUDWHRIUHWXUQWKDWUHSUHVHQWVWKH
EHVWHVWLPDWHRIDFRQVWDQWUDWHRIUHWXUQRYHUWKHH[SHFWHGEHKDYLRXUDOOLIHRIORDQVJLYHQWDNHQDQGUHFRJQLVHV
WKHHႇHFWRISRWHQWLDOO\GLႇHUHQWLQWHUHVWUDWHVDWYDULRXVVWDJHVDQGRWKHUFKDUDFWHULVWLFVRIWKHSURGXFWOLIHF\FOH
LQFOXGLQJSUHSD\PHQWVDQGSHQDOW\LQWHUHVWDQGFKDUJHV
7KLVHVWLPDWLRQE\QDWXUHUHTXLUHVDQHOHPHQWRIMXGJHPHQWUHJDUGLQJWKHH[SHFWHGEHKDYLRXUDQGOLIHF\FOHRIWKH
LQVWUXPHQWVDVZHOOH[SHFWHGFKDQJHVWR,QGLD¶VEDVHUDWHDQGRWKHUIHHLQFRPHH[SHQVHWKDWDUHLQWHJUDOSDUWVRI
WKHLQVWUXPHQW
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7KHPHDVXUHPHQWRILPSDLUPHQWORVVHVDFURVVDOOFDWHJRULHVRI¿QDQFLDODVVHWVUHTXLUHVMXGJHPHQWLQSDUWLFXODU
WKH HVWLPDWLRQ RI WKH DPRXQW DQG WLPLQJ RI IXWXUH FDVK ÀRZV DQG FROODWHUDO YDOXHV ZKHQ GHWHUPLQLQJ LPSDLUPHQW

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7KHFRPSDQ\¶V(&/FDOFXODWLRQVDUHRXWSXWVRIFRPSOH[PRGHOVZLWKDQXPEHURIXQGHUO\LQJDVVXPSWLRQVUHJDUGLQJ
WKHFKRLFHRIYDULDEOHLQSXWVDQGWKHLULQWHUGHSHQGHQFLHV(OHPHQWVRIWKH(&/PRGHOVWKDWDUHFRQVLGHUHGDFFRXQWLQJ
MXGJHPHQWVDQGHVWLPDWHVLQFOXGH
7KHFRPSDQ\¶VLQWHUQDOFUHGLWJUDGLQJPRGHOZKLFKDVVLJQV3'VWRWKHLQGLYLGXDOJUDGHV
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'HYHORSPHQWRI(&/PRGHOVLQFOXGLQJWKHYDULRXVIRUPXODVDQGWKHFKRLFHRILQSXWV
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4.5 Provisions and other contingent liabilities
7KHFRPSDQ\RSHUDWHVLQDUHJXODWRU\DQGOHJDOHQYLURQPHQWWKDWE\QDWXUHKDVDKHLJKWHQHGHOHPHQWRIOLWLJDWLRQ
ULVNLQKHUHQWWRLWVRSHUDWLRQV$VDUHVXOWLWLVLQYROYHGLQYDULRXVOLWLJDWLRQDUELWUDWLRQDQGUHJXODWRU\LQYHVWLJDWLRQV
DQGSURFHHGLQJVLQWKHRUGLQDU\FRXUVHRIWKHFRPSDQ\¶VEXVLQHVV
:KHQWKHFRPSDQ\FDQUHOLDEO\PHDVXUHWKHRXWÀRZRIHFRQRPLFEHQH¿WVLQUHODWLRQWRDVSHFL¿FFDVHDQGFRQVLGHUV
VXFKRXWÀRZVWREHSUREDEOHWKHFRPSDQ\UHFRUGVDSURYLVLRQDJDLQVWWKHFDVH:KHUHWKHSUREDELOLW\RIRXWÀRZLV
FRQVLGHUHGWREHUHPRWHRUSUREDEOHEXWDUHOLDEOHHVWLPDWHFDQQRWEHPDGHDFRQWLQJHQWOLDELOLW\LVGLVFORVHG
*LYHQWKHVXEMHFWLYLW\DQGXQFHUWDLQW\RIGHWHUPLQLQJWKHSUREDELOLW\DQGDPRXQWRIORVVHVWKHFRPSDQ\WDNHVLQWR
DFFRXQW D QXPEHU RI IDFWRUV LQFOXGLQJ OHJDO DGYLFH WKH VWDJH RI WKH PDWWHU DQG KLVWRULFDO HYLGHQFH IURP VLPLODU
LQFLGHQWV6LJQL¿FDQWMXGJHPHQWLVUHTXLUHGWRFRQFOXGHRQWKHVHHVWLPDWHV
5. STANDARDS ISSUED BUT NOT YET EFFECTIVE
0LQLVWU\ RI &RUSRUDWH$ႇDLUV µ0&$¶ WKURXJK &RPSDQLHV ,QGLDQ$FFRXQWLQJ 6WDQGDUGV$PHQGPHQW 5XOHV KDV
QRWL¿HGWKHIROORZLQJQHZDPHQGPHQWVWR,QG$6VZKLFKWKH&RPSDQ\KDVQRWDSSOLHGDVWKH\DUHHႇHFWLYHIRUDQQXDO
SHULRGVEHJLQQLQJRQRUDIWHU$SULO
Ind AS 116: Leases
$GRSWLRQ RI ,QG$6 ZLOO UHVXOW LQ WKH &RPSDQ\ UHFRJQLVLQJ ULJKW RI XVH DVVHWV DQG OHDVH OLDELOLWLHV IRU DOO FRQWUDFWV
WKDWDUHRUFRQWDLQDOHDVH)RUOHDVHVFXUUHQWO\FODVVL¿HGDVRSHUDWLQJOHDVHVXQGHUFXUUHQWDFFRXQWLQJUHTXLUHPHQWV
WKH&RPSDQ\GRHVQRWUHFRJQLVHUHODWHGDVVHWVRUOLDELOLWLHVDQGLQVWHDGVSUHDGVWKHOHDVHSD\PHQWVRQDVWUDLJKWOLQH
EDVLVRYHUWKHOHDVHWHUPGLVFORVLQJLQLWVDQQXDO¿QDQFLDOVWDWHPHQWVWKHWRWDOFRPPLWPHQW,QVWHDGRIUHFRJQLVLQJDQ
RSHUDWLQJH[SHQVHIRULWVRSHUDWLQJOHDVHSD\PHQWVWKH&RPSDQ\ZLOOLQVWHDGUHFRJQLVHLQWHUHVWRQLWVOHDVHOLDELOLWLHVDQG
DPRUWLVDWLRQRQLWVULJKWRIXVHDVVHWV,QG$6LVHႇHFWLYHIRUDQQXDOSHULRGVEHJLQQLQJRQRUDIWHU$SULO7KH
&RPSDQ\LVVWLOODVVHVVLQJWKHLPSDFWRIWKHVWDQGDUGRQLWV¿QDQFLDOVWDWHPHQWV


6. Cash and Cash Equivalents
As at $VDW $VDW
Particulars
&DVKLQKDQG 0.32
%DODQFHVZLWKEDQNV
2QFXUUHQWDFFRXQWV 342.62
6WDPS3DSHUVLQKDQG 1.57
Total cash and cash equivalents 344.51
7. Bank Balances other than Cash and Cash Equivalent
As at $VDW $VDW
Particulars
Current
,Q)L[HGGHSRVLWZLWKPDWXULW\IRUPRUHWKDQPRQWKVEXWOHVV 4.40
WKDQPRQWKVIURPEDODQFHVKHHWGDWH
4.40
)L[HGGHSRVLWDQGRWKHUEDODQFHVZLWKEDQNVHDUQVLQWHUHVWDW¿[HGUDWH
)L[HGGHSRVLWEDODQFHVDUHWKH)'¶VZLWKVWDWXWRU\DXWKRUWLHVRI` /DNKVSUHYLRXV\HDU0DUFK`
/DNKV
8. Loans
As at $VDW $VDW
Particulars
(Unsecured)
At Amortised Cost
/RDQVWRUHODWHGSDUWLHV 225.00
/RDQVWRRWKHUV 7,361.71
Total (A) - Gross 7,586.71
UHIHUQRWH$EHORZIRU$156HFXULWLHV3YW/WG
/HVV,PSDLUPHQWORVVDOORZDQFH 7,586.71
Total (A) - Net -
Unsecured 7,586.71
Total (B) - Gross 7,586.71
Total (B) - Net -
Loans in India - Others 7,586.71
Total (C) - Gross 7,586.71
Total (C) - Net -

$ 7KH&RPSDQ\KDV¿OHGDSHWLWLRQXQGHUVHFWLRQRI,QVROYHQF\DQG%DQNUXSWF\&RGHDJDLQVW$156HFXULWLHV3ULYDWH
/LPLWHGRQ2FWREHUIRUUHFRYHU\RIRXWVWDQGLQJORDQDPRXQWRI`/DNKV7KHDUJXPHQWVZHUHKHDUG
KRZHYHUWKH2UGHUUHVHUYHGE\+RQ¶EOH1&/7RQWKHDGPLVVLRQRISHWLWLRQKDVEHHQVWD\HGE\WKH+RQ¶EOH6XSUHPH&RXUW
YLGHRUGHUGDWHG$SULO
8.1 Credit Quality of Assets

7KHWDEOHEHORZVKRZVWKHFUHGLWTXDOLW\DQGWKHPD[LPXPH[SRVXUHWRFUHGLWULVNEDVHGRQWKH&RPSDQ\¶VLQWHUQDOFUHGLW
UDWLQJV\VWHPDQG\HDUHQGVWDJHFODVVL¿FDWLRQ7KHDPRXQWVSUHVHQWHGDUHJURVVRILPSDLUPHQWDOORZDQFHV
March 31, 2019

6WDQGDUG - - - -
6XE6WDQGDUG - - - -
'RXEWIXO - - 7,586.71 7,586.71
/RVV - - - -
Total - - 7,586.71 7,586.71
0DUFK
,QWHUQDO5DWLQJ*UDGH
6WDJH 6WDJH 6WDJH 7RWDO
6WDQGDUG
6XE6WDQGDUG
'RXEWIXO
/RVV
7RWDO
$SULO
,QWHUQDO5DWLQJ*UDGH
6WDJH 6WDJH 6WDJH 7RWDO
6WDQGDUG
6XE6WDQGDUG
'RXEWIXO
/RVV
7RWDO


9 Investments
As at $VDW $VDW
Investments
,QYHVWPHQWVPHDVXUHGDW)DLU9DOXHWKURXJK3UR¿WRU/RVV
$0XWXDOIXQGV9HQWXUH&DSLWDOIXQGV$OWHUQDWLYH,QYHVWPHQWIXQGV 1,026.84
Investments measured at Amortised Cost
'HEWVHFXULWLHV -
Investments measured at Cost
,QYHVWPHQWLQ(TXLW\LQVWUXPHQWVRI6XEVLGLDULHVIXOO\SDLGXS 233,856.53
,QYHVWPHQWLQ(TXLW\LQVWUXPHQWVRIRWKHUVIXOO\SDLGXS 2,823.33
,QYHVWPHQWLQ(TXLW\LQVWUXPHQWVRI6XEVLGLDU\SDUWO\SDLGXSUHIHU 38,555.00
QRWHK
,QYHVWPHQWLQ(TXLW\LQVWUXPHQWVRI-RLQW9HQWXUHVIXOO\SDLGXS 350.00
,QYHVWPHQWLQ3UHIHUHQFHLQVWUXPHQWVRI6XEVLGLDU\IXOO\SDLGXS 18,500.00
UHIHUQRWHK
,QYHVWPHQWLQ3UHIHUHQFHLQVWUXPHQWVRIRWKHUVIXOO\SDLGXS 40.95
Total - Gross (A) 295,152.65
L,QYHVWPHQWVRXWVLGH,QGLD
LL,QYHVWPHQWVLQ,QGLD 295,152.65
Total (B) 295,152.65
7RWDO$WRWDOO\ZLWK%
/HVV$OORZDQFHIRU,PSDLUPHQWORVV 62,105.04
/HVV,PSDLUPHQWORVVHVRQ,QYHVWPHQWLQVXEVLGLDULHV 21,838.20
Total - Net D= (A)-(C) 211,209.41
3URYLVLRQIRUGLPLQXWLRQLQYDOXHRILWVORQJWHUPLQYHVWPHQWVKDVEHHQPDGHLQDFFRXQWVXSWR)<`
ODNKVDQGÒDNKVGXULQJ)<
2QWUDQVLWLRQGDWH,1'$6DOORZDQHQWLWLHVWRWUHDWIDLUYDNXHDVGHHPHGFRVWIRULQYHVWPHQWVKHOGLQVXEVLGLDU\
FRPSDQLHV$FFRUGLQJO\WKH&RPSDQ\KDVHOHFWHGWRWUHDWIDLUYDOXHDVDW$SULODVGHHPHGFRVWIRULWVLQYHVW
PHQWKHOGLQVXEVLGLDU\FRPSDQLHVZKLFKLVFDUULHGDW`/DNKV7KHDJJUHJDWHDGMXVWPHQWWRFDUU\LQJDPRXQW
UHSRUWHGXQGHUSUHYLRXV*$$3LV`/DNKV
6XEVHTXHQWO\DOOLQYHVWPHQWFKHFNHGIRULPSDLUPHQWORVVHVHYHU\\HDU,QYHVWPHQWFKHFNHGIRULPSDLUPHQWWHVWLQJDQG
LPSDLUPHQWORVVRQLQYHVWPHQWFDOFXODWHGDQGUHFRUGHGDVH[SHQVHRIÒDNKVWKURXJK3UR¿WDQG/RVVDFFRXQW
GXULQJ)<DQGÒDNKVGXULQJ)<


(A) Current Investments
As at $VDW $VDW
Particulars
No of 1RRI 1RRI
Amount $PRXQW $PRXQW
Share 6KDUH 6KDUH
1 ,QYHVWPHQWLQ(TXLW\6KDUHVRIVXEVLGLDULHV
&HUHVWUD$GYLVRUV/LPLWHG - -
5HOLJDUH+HDO)XQG$GYLVRUV//3 - -
,QYHVWPHQWLQ&RPPHUFLDO3DSHUV
5HOLJDUH&RPWUDGH/LPLWHG - -
,QYHVWPHQWLQ9HQWXUH&DSLWDO)XQG
,QGLD%XLOG2XW)XQG, - 263.75
,QGLD%XLOG2XW)XQG,&ODVV%XQLWV - 1.70
0LOHVWRQH$UP\7UXVW&ODVV%XQLWV - 0.04
,QYHVWPHQWLQ0XWXDO)XQG
'+)/3UDPHULFD,QVWD&DVK3OXV)XQG'LUHFW3ODQ - -
*URZWK
,QYHVWPHQWVLQ'HEHQWXUHV
5HOLJDUH &RPWUDGH /LPLWHG 8QVHFXUHG - -
XQUDWHGXQOLVWHG&RPSXOVRU\&RQYHUWLEOH'HEHQWXUHV
&&',,
µ5HOLJDUH &RPWUDGH /LPLWHG 1RQ &RQYHUWLEOH - -
'HEHQWXUHV
TOTAL (A) - 265.49
(B) Non Current Investments

As at $VDW $VDW
No of Share Amount 1RRI6KDUH $PRXQW 1RRI6KDUH $PRXQW
1 ,QYHVWPHQWLQ(TXLW\6KDUHVRI
VXEVLGLDULHV
5HOLJDUH)LQYHVW/LPLWHG 224,454,083 61,746.44
5HOLJDUH+HDOWK,QVXUDQFH 617,392,749 134,807.86
&RPSDQ\/LPLWHG
5HOLJDUH%URNLQJ/LPLWHG 180,795,817 34,900.00
5HOLJDUH,QVXUDQFH/LPLWHG 5,000 0.50
5HOLJDUH&RPWUDGH/LPLWHG 27,126,712 212.67
5HOLJDUH&UHGLW$GYLVRUV3YW 9,398,262 2,185.26
/WGHUVWZKLOH5HOLJDUH&UHGLW
$GYLVRUV//3
5HOLJDUH%URNLQJ/LPLWHG - 3.80
&RUSRUDWH*XDUDQWHHJLYHQ$
5HOLJDUH*OREDO$VVHW 10 -
0DQDJHPHQW,QF86$
$5*,/$GYLVRUV//3 -

As at $VDW $VDW
/HVV$OORZDQFHIRU,PSDLUPHQW - (2,185.76)
loss
/HVV,PSDLUPHQWORVVHVRQ (21,838.20)
,QYHVWPHQWLQVXEVLGLDULHV
209,832.57
,QYHVWPHQWLQ(TXLW\6KDUHVRI
-RLQWYHQWXUH
,%2),QYHVWPHQW0DQDJHPHQW 3,499,999 350.00
3ULYDWH/LPLWHG
350.00
,QYHVWPHQWLQ(TXLW\LQVWUXPHQWV
RI6XEVLGLDU\SDUWO\SDLGXS
UHIHUQRWHK
5HOLJDUH&DSLWDO0DUNHWV 81,550,000 38,555.00
/LPLWHG
/HVV$OORZDQFHIRU,PSDLUPHQW (38,555.00)
loss
-
,QYHVWPHQWLQ(TXLW\6KDUHVRI
RWKHUERG\FRUSRUDWH
1HWDPELW,QIRVRXUFH 67,536 2,823.33
(6HUYLFHV3ULYDWH/LPLWHG
loss
-
,QYHVWPHQWLQ3UHIHUHQFH
LQVWUXPHQWVRI6XEVLGLDU\IXOO\
SDLGXSUHIHUQRWHK
5HOLJDUH&DSLWDO0DUNHWV
/LPLWHG
&XPXODWLYH1RQ 170,000,000 17,000.00
&RQYHUWLEOH
&XPXODWLYH1RQ 5,000,000 500.00
&RQYHUWLEOH
&XPXODWLYH1RQ 10,000,000 1,000.00
&RQYHUWLEOH
loss
-
,QYHVWPHQWVLQ3UHIHUHQFH
6KDUHV2I2WKHUV
1HWDPELW,QIRVRXUFH
(6HUYLFHV3ULYDWH/LPLWHG

As at $VDW $VDW
&RPSXOVRU\&RQYHUWLEOH 40,952 40.95
&XPXODWLYH3UHIHUUHG
3DUWLFLSDWRU\6HULHV(
3UHIHUHQFH6KDUHV7UDQFKH
&RXSRQ5DWH
/HVV$OORZDQFHIRU,PSDLUPHQW (40.95)
loss
7 ,QYHVWPHQWVLQ'HEHQWXUHV
5HOLJDUH&RPWUDGH -
/LPLWHG&RPSXOVRU\
&RQYHUWLEOH'HEHQWXUHV
,QYHVWPHQWLQ$OWHUQDWLYH
,QYHVWPHQW)XQG
5HOLJDUH&UHGLW,QYHVWPHQWV 51.20
7UXVW
&HUHVWUD,QIUDVWUXFWXUH7UXVW 386 481.88
<RXU1HVW$QJHO)XQG -
,QGLD%XOOV5HDO(VWDWH)XQG 228.27
&DWHJRU\,,$,)
761.35
TOTAL (B) 210,943.92
TOTAL (A) + (B) 211,209.41
,QDFFRUGDQFHZLWK,1'$61RWLRQDO,QFRPHUHFRJLQVHG#RQ&RUSRUDWH*XDUDQWHHJLYHQWR5HOLJDUH%URNLQJ
/LPLWHG
10. Other Financial Assets (Amount in ` lakhs, unless otherwise stated)

As at $VDW $VDW
Particulars
6HFXULW\'HSRVLWV 786.92
/HVV(&/DJDLQVWVHFXULW\GHSRVLWV (126.03)
,QWHUHVWDFFUXHGEXWQRWGXHRQLQWHUFRUSRUDWHORDQVIURPUHODWHG 15.62
SDUWLHV
/HVV(&/DJDLQVW,QWHUHVW$FFUXHG (15.62)
,QWHUHVW DFFUXHG EXW QRW GXH RQ LQWHU FRUSRUDWH ORDQV IURP QRQ 34.57
UHODWHGSDUWLHV
/HVV(&/DJDLQVW,QWHUHVW$FFUXHG (34.57)
,QWHUHVWDFFUXHGRQ)L[HG'HSRVLW 0.29
5HFRYHUDEOHIRU6XSSRUWVHUYLFHV 763.51
/HVV(&/DJDLQVWUHFRYHUDEOHIRU6XSSRUWVHUYLFHV (610.41)
'HIHUUHG&RQVLGHUDWLRQDJDLQVW6DOHRI,QYHVWPHQWRIDVXEVLGLDU\ -
company
/HVV(&/DJDLQVW'HIHUUHG&RQVLGHUDWLRQ -
6WDႇ$GYDQFHV 28.75
$GYDQFH JLYHQ WR HPSOR\HHV WR ¿QDQFH H[HUFLVH RI WKH RSWLRQV 1,499.99
XQGHU(623RI5+,&/
2WKHU5HFHLYDEOHV
,Q)L[HGGHSRVLWDFFRXQWVZLWKPDWXULW\IRUPRUHWKDQPRQWKV 1.00
IURPEDODQFHVKHHWGDWH
Total 2,344.02

As at $VDW $VDW
*Recoverable for Support services
2WKHUUHFHLYDEOHVFRQVLGHUHGJRRGVHFXUHG -
2WKHUUHFHLYDEOHVFRQVLGHUHGJRRGXQVHFXUHG 763.51
2WKHUUHFHLYDEOHVZKLFKKDYHVLJQL¿FDQWLQFUHDVHLQFUHGLWULVN -
2WKHUUHFHLYDEOHVFUHGLWLPSDLUHG -
763.51
(&/DJDLQVW5HFRYHUDEOH (610.41)
Total 153.10
)XUWKHUFODVVL¿HGDV
Receivable from related parties 690.37
Receivable from Others 73.14
763.51
11. Current Tax Asset (Net)
As at $VDW $VDW
Particulars
Current Tax Asset (Net)
$GYDQFHLQFRPHWD[QHWRISURYLVLRQVRI0DUFK 5,472.11

`/DNKV0DUFK`/DNKVDQG
$SULO`/DNKV
Total 5,472.11
12. Deferred Tax Assets (Net)
As at $VDW $VDW
Particulars
Deferred Tax Assets (Net)

2QSURYLVLRQIRUHPSOR\HHEHQH¿WV 1.97
8QDEVRUEHGGHSUHFLDWLRQ -
0$7&UHGLW 171.59
Total 173.56

13. Property, Plant and Equipment’s (Amount in ` lakhs, unless otherwise stated)
282
Gross block Depreciation Net block
As at $GGLWLRQV 'HGXFWLRQV As at As at For the 'HGXFWLRQV
March 31, March 31, March 31,
April 1, 2018 Adjustments Adjustments March 31, 2019 April 1, 2018 year Adjustments
2019 2019 2018
/DQG 24.71 - 24.71
&RPSXWHUV\VWHPVDQG
22.73 12.08 10.65
SHULSKHUDOV
9HKLFOHV 123.31 58.77 64.54
/HDVHKROGLPSURYHPHQW 4.71 4.71 -
)XUQLWXUHDQG)L[WXUH 11.42 9.58 1.84
2ႈFH(TXLSPHQW 16.64 9.74 6.90
Total 198.99 8.65 4.12 203.52 56.36 38.51 - 94.88 108.64 142.63
As at As at
April 1, 2017 $GGLWLRQV 'HGXFWLRQV As at April 1, 2017 For the 'HGXFWLRQV
March 31, March 31, April 1,
(Deemed Adjustments Adjustments March 31 2018 (Deemed year Adjustments
2018 2018 2017
Cost) Cost)
/DQG - - - -

&RPSXWHUV\VWHPVDQG
- 6.86
SHULSKHUDOV
9HKLFOHV - - 33.86
/HDVHKROGLPSURYHPHQW - - 4.71
)XUQLWXUHDQG)L[WXUH - - - - 6.00

2ႈFH(TXLSPHQW 4.92
Total 209.35 1.29 11.64 199.00 - 62.11 5.75 56.36 142.63
13.1 7KHUHDUHQRDGMXVWPHQWVWR3URSHUW\3ODQWDQG(TXLSPHQW7DQJLEOH$VVHWVRQDFFRXQWRIERUURZLQJFRVWVDQGH[FKDQJHGLႇHUHQFHV7KHUHLVQR
UHYDOXDWLRQRIDVVHWVGXULQJWKHSHULRG\HDU
13.2 /RVVHVDULVLQJIURPWKHUHWLUHPHQWRIDQGJDLQVRUORVVHVDULVLQJIURPGLVSRVDORIWDQJLEOHDVVHWVZKLFKDUHFDUULHGDWFRVWRUUHYDOXHGDPRXQWDUH
13.3 7KHWLWOHGHHGVLQUHVSHFWRIODQGDUHLQWKHQDPHRIWKH&RPSDQ\7KHFKDUJHRQWKHODQGSHUWDLQLQJWR1&'VKDVEHHQYDFDWHGLQ-XO\

14. Intangible Assets (Amount in ` lakhs, unless otherwise stated)
Gross block Amortisation Net block
Particulars As at As at For
$GGLWLRQV 'HGXFWLRQV As at 'HGXFWLRQV As at As at As at
April 1, April 1, the
Adjustments Adjustments March 31, 2019 Adjustments March 31, 2019 March 31, 2019 March 31, 2018
2018 2018 year
&RPSXWHU6RIWZDUH 229.66 190.62 39.04
,QWDQJLEOHDVVHW
- - -
XQGHUGHYHORSPHQW

Total 229.66 - - 229.66 143.80 46.91 0.09 190.62 39.04 85.86
As at
Particulars As at For
April 1, 2017 $GGLWLRQV 'HGXFWLRQV As at 'HGXFWLRQV As at As at As at
April 1, the
(Deemed Adjustments Adjustments March 31, 2018 Adjustments March 31, 2018 March 31, 2018 April 1, 2017
2017 year
Cost)
&RPSXWHU6RIWZDUH
,QWDQJLEOHDVVHW
XQGHUGHYHORSPHQW
Total 228.73 0.93 - 229.66 - 143.80 - 143.80 85.86 228.73
7KHUHDUHQRDGMXVWPHQWVWR,QWDQJLEOH$VVHWVRQDFFRXQWRIERUURZLQJFRVWVDQGH[FKDQJHGLႇHUHQFHV7KHUHLVQRUHYDOXDWLRQRIDVVHWVGXULQJWKH
\HDU
/RVVHVDULVLQJIURPWKHUHWLUHPHQWRIDQGJDLQVRUORVVHVDULVLQJIURPGLVSRVDORILQWDQJLEOHDVVHWVZKLFKDUHFDUULHGDWFRVWRUUHYDOXHGDPRXQWDUH
283

15. Other Non Financial Assets
As at $VDW $VDW
Particulars
%DODQFHZLWKJRYHUQPHQWDXWKRULWLHVRWKHUWKDQ,QFRPHWD[ 944.55
3UHSDLGH[SHQVHV 22.44
'HSRVLWVSDLGXQGHUSURWHVW 119.67
$GYDQFHVWRUHODWHGSDUWLHVIRUVHUYLFHV 1,326.50
/HVV(&/RQDGYDQFHVIURPUHODWHGSDUWLHV (1,326.50)
$GYDQFHVWRRWKHUVIRUVHUYLFHV 98.27
/HVV(&/RQDGYDQFHVWRRWKHUV (47.67)
$UWZRUNV 1.78
$VVHWV$FTXLUHGLQVDWLVIDFWLRQRI5HFHLYDEOHV 363.97
Total 1,503.01
3XUVXDQWWRWKHDSSURYHG6FKHPHRI$UUDQJHPHQWWKHDVVHWODQG %XLOGLQJWUDQVIHUUHGIURPHUVWZKLOH´5HOLJDUH
6HFXULWLHV/LPLWHG´56/7KHWLWOHRIWKHDFTXLUHGDVVHWLVLQWKHQDPHRIHUVWZKLOH5HOLJDUH6HFXULWLHV/LPLWHG7KH1HW
5HDOLVDEOH9DOXHRIDVVHWDVRQ0DUFKLV`
16. Debt Securities
As at $VDW $VDW
Particulars
Debt Securities measured at Amortised Cost

/LDELOLW\SRUWLRQRIUHGHHPDEOHGHEHQWXUHV -
&RPPHUFLDOSDSHU -
Total (A) -
'HEWVHFXULWLHVLQ,QGLD -
'HEWVHFXULWLHVRXWVLGH,QGLD -
Total (B) to tally with (A) -
Debts Securities
Commercial Papers- Terms of repayment
As at $VDW $VDW
Particulars
'LVFRXQW5DWH5DQJH - WR
0D\¶WR $SU¶WR
,VVXHGGDWHWR5HGHPSWLRQGDWH -
0D\¶ $XJ¶
7RWDO2XWVWDQGLQJ%DODQFH -
/HVV8QDPRUWLVHG'LVFRXQW -
Total -


Liability portion of Non Convertible Debentures ( NCD’s)
'HWDLORISULYDWHO\SODFHG6HFXUHG1RQ&RQYHUWLEOH'HEHQWXUH1&'¶VRXWVWDQGLQJDV0DUFK0DUFK
DQG0DUFKDUHDVEHORZ
As at $VDW $VDW
Coupon Rate
-
=HUR -
Total -
7KHDERYHOLVWHG1RQ&RQYHUWLEOH'HEHQWXUHV1&'¶VDUHSULYDWHO\SODFHGZLWK),,¶V&RUSRUDWHV%DQNVDQG7UXVWDQG

ZHUHVHFXUHGE\ZD\RI¿UVWPRUWJDJHFKDUJHRQWKHFRPSDQ\¶VDVVHWDQGLQYHVWPHQWLQ(TXLW\6KDUHVRILWVFHUWDLQVXE
VLGLDULHVDQGWKHDVVHWVFRYHUWKHUHRIH[FHHGVKXQGUHGSHUFHQWRIWKHSULQFLSDODPRXQWRIWKHVDLGGHEHQWXUHV'HWDLORI
VHFXUHG1&'¶VLVDVIROORZV
7HUPRIUHSD\PHQWRI1RQ&RQYHUWLEOH'HEHQWXUH1&'¶V
As at $VDW $VDW
Particulars
1&'¶V
'DWHRIDOORWPHQW - - 0DUFK
5HGHPSWLRQGDWH - - -XQH
1H[W,QWHUHVW'XHGDWH - - -XQH
Zero % NCD
'DWHRIDOORWPHQW - - 0DUFK
5HGHPSWLRQGDWH - - 0DUFK
1H[W,QWHUHVW'XHGDWH - - 1$
,QWHUHVWDQG3ULQFLSDOKDYHEHHQSDLGRQWKHGXHGDWHV7KH&RPSDQ\GRPHVWLFUDWLQJVKDVUHYLVHGIURPµ,1'$$6WDEOH¶
WR µ,1'$ :DWFK 1HJDWLYH¶ IURP ,QGLD 5DWLQJV 5HVHDUFK 3ULYDWH /LPLWHG LQ UHVSHFW RI LWV ERUURZLQJ LQ IRUP RI 1RQ
&RQYHUWLEOH'HEHQWXUHV1&'
2Q0DUFKWKHFRPSDQ\KDGDOORWWHGVHFXUHG1&'¶VRIIDFHYDOXH`HDFKZKLFKZHUHVHFXUHGE\
FKDUJHRYHUODQGRIWKH&RPSDQ\LQ*XMDUDWDQGSOHGJHRYHUHTXLW\VKDUHVRI5HOLJDUH)LQYHVW/LPLWHG7KHSULQFLSDO
DPRXQWDQGLQWHUHVWKDGEHHQSDLGRQWKHGXHGDWHVXSWR-XQH7KHFKDUJHRQWKHODQGKDVEHHQYDFDWHGLQ
-XO\
)XUWKHUWKH&RPSDQ\KDGDOVRDOORWWHG=HUR&RXSRQ5DWHG/LVWHG6HFXUHG1RQ&RQYHUWLEOH'HEHQWXUHVRIIDFHYDOXHRI
`HDFKZKLFKDUHVHFXUHGE\FKDUJHRYHUODQGRIWKH&RPSDQ\LQ*XMDUDWDQGSOHGJHRYHU3UHYLRXV
<HDU HTXLW\ VKDUHV RI 5HOLJDUH 6HFXULWLHV /LPLWHG DQG SUHIHUHQFH VKDUHV RI 5*$0 ,QYHVWPHQW
$GYLVHUV 3ULYDWH /LPLWHG 3UHYLRXV<HDU SUHIHUHQFH VKDUHV RI 5*$0 ,QYHVWPHQW$GYLVHUV 3ULYDWH /LPLWHG
KHOGE\WKH&RPSDQ\7KHFKDUJHRQGHEHQWXUHKDVEHHQVDWLV¿HGRQ$SULO


17. Borrowings (Other than Debt Securities)
As at $VDW $VDW
Particulars
Borrowings measured at Amortised Cost

Unsecured
D/RDQVIURPUHODWHGSDUWLHV 28,046.93
E/RDQVUHSD\DEOHRQGHPDQG
LIURPRWKHUSDUWLHV 2,550.67
F/LDELOLW\SRUWLRQRIUHGHHPDEOHSUHIHUHQFHVKDUHV 7,461.14
Total (A) 38,058.74
%RUURZLQJVLQ,QGLD 38,058.74
%RUURZLQJVRXWVLGH,QGLD -
Total (B) to tally with (A) 38,058.74
Terms of Repayment of Inter Corporates Loans
Particulars Rate of Interest Repayment detail Amount

3D\DEOHRQ
5HODWHG3DUWLHV WR 0DWXULW\
4XDUWHUO\EDVLV
3D\DEOHRQ
1RQ5HODWHG3DUWLHV WR
PDWXULW\
Total 30,597.59
/LDELOLW\SRUWLRQRIUHGHHPDEOHSUHIHUHQFHVKDUHV
5HGHHPDEOHSUHIHUHQFHVKDUHVDFFRXQWHGDVD¿QDQFLDOOLDELOLW\PHDVXUHGLQLWLDOO\DWWKHIDLUYDOXHDQGVXEVHTXHQWO\DW
DPRUWLVHGFRVWZLWKWKHLQWHUHVWDFFUHWLRQDW(,5EDVHGRQWKH,55FDOFXODWHGRQWKH\LHOGWKHUHRQ
(a) 13.66% Cumulative Redeemable preference Share
7KHIDFHYDOXHRIHDFKVKDUHLV`7KHVKDUHVKDOOKDYHYRWLQJULJKWVDSSOLFDEOHWRWKHSUHIHUHQFHVKDUHXQGHUWKH
FRPSDQ\DFW(DFKSUHIHUHQFHVKDUHKROGHUKDVULJKWWRUHFHLYHLQSULRULW\WR(TXLW\VKDUHKROGHUVSUHIHUHQFH
GLYLGHQGRQFXPXODWLYHEDVLVDWWKHUDWHQRWH[FHHGLQJSHU¿QDQFLDO\HDU7KHDJJUHJDWHVKDUHVDOORWWHG
ZHUH DW ` LQFOXGLQJ SUHPLXP RI ` SHU VKDUH RI ZKLFK WKH FRPSDQ\ KDG DOUHDG\ UHGHHPHG
VKDUHVDWSUHPLXPLQSULRU\HDUV7KHDERYHVKDUHVZHUHUHGHHPDEOHDWDQDPRXQWLQFOXGLQJSUHPLXP
QRWH[FHHGLQJ`SHUVKDUHRQ2FWREHUUHIHUQRWHQR
(b) 0.01% Non Convertible Non Cumulative redeemable preference share
7KHIDFHYDOXHRIHDFKVKDUHLV`7KHVKDUHVKDOOKDYHYRWLQJULJKWVDSSOLFDEOHWRWKHSUHIHUHQFHVKDUHXQGHUWKH
FRPSDQ\DFW(DFKSUHIHUHQFHVKDUHKROGHUKDVULJKWWRUHFHLYHLQSULRULW\WR(TXLW\VKDUHKROGHUSUHIHUHQFH
GLYLGHQG RQ QRQ FXPXODWLYH EDVLV DW WKH UDWH QRW H[FHHGLQJ SHU ¿QDQFLDO \HDU 7KH VKDUHV DOORWWHG ZHUH
LQRQHWUDQFKHRQ$XJXVW7KHDERYHVKDUHVDUHUHGHHPDEOHDWDQDPRXQWLQFOXGLQJSUHPLXP
QRWH[FHHGLQJ`SHUVKDUHRQ$XJXVW


18. Other Financial Liabilities
As at $VDW $VDW
Particulars
,QWHUHVWDFFUXHGDQGGXH 3,794.87
,QWHUHVWDFFUXHGEXWQRWGXH 245.52
8QFODLPHG'LYLGHQG -
%RRN2YHUGUDIW -
6HFXULW\'HSRVLWUHODWHGSDUWLHV 1,802.48
2WKHU3D\DEOHV 1,054.63
/LDELOLW\WRZDUGVOHWWHURIFRPIRUW 9,119.00
0DUJLQIRUYHKLFOH 12.64
Total 16,029.14
,QFOXGHVDPRXQWRIÒDNKVSD\DEOHWR5HOLJDUH%URNLQJ/LPLWHGRQDFFRXQWRIWUDQVIHUXQGHUVFKHPHRIDUUDQJHPHQW
$VSHU,1'$6DQ\/HWWHURIFRPIRUWLVVXHGLQIDYRXURI6XEVLGLDULHVRUJURXS&RPSDQLHVWREHUHFRUGHGDV)LQDQFLDO
/LDELOLW\'XULQJ)<)LQDQFLDOOLDELOLW\RIÒDNKVKDVEHHQERRNHGDJDLQVWOHWWHURIFRPIRUWLVVXHGLQIDYRXULWV
VXEVLGLDU\FRPSDQ\³5HOLJDUH&RPWUDGH/LPLWHG´DQG³5HOLJDUH$GYLVRUV/LPLWHG´HUVWZKLOH5HOLJDUH:HDOWK0DQDJHPHQW
/LPLWHG
19. Provisions
As at $VDW $VDW
Particulars
3URYLVLRQIRUHPSOR\HHEHQH¿WV
3URYLVLRQIRU*UDWXLW\5HIHU1RWHQR -
3URYLVLRQIRU/HDYH(QFDVKPHQW 68.85
Total Provisions 68.85
20. Other Non Financial Liabilities
As at $VDW $VDW
Particulars
6WDWXWRU\GXHSD\DEOH 123.33
$GYDQFHVIURPFXVWRPHUV -
Total 123.33


21. Share capital
The Company has only one class of equity share capital having a par value of ` 10 per share, referred to herein
as equity shares.
As at $VDW $VDW
Particulars
21.1 Authorized Equity Share Capital
0DUFK$SULO
65,445.00
(TXLW\6KDUHVRI`HDFK
65,445.00
Issued, subscribed and paid up
0DUFK0DUFK
$SULOHTXLW\VKDUHVRI`HDFKIXOO\ 21,694.27
paid
Total 21,694.27
21.1(a) Reconciliation of equity shares outstanding at the beginning and at the end of the year
As at $VDW $VDW
Particulars
No. of 1RRI 1RRI
Amount $PRXQW $PRXQW
shares VKDUHV VKDUHV
2XWVWDQGLQJ DW WKH EHJLQQLQJ RI
178,455,248 17,845.52
WKH\HDU
$GG,VVXHGGXULQJWKH\HDU 38,487,485 3,848.75
2XWVWDQGLQJDWWKHHQGRIWKH\HDU 216,942,733 21,694.27
21.1(b) Rights, preferences and restrictions attached to shares

(TXLW\6KDUHV7KH&RPSDQ\KDVRQO\RQHFODVVRIHTXLW\VKDUHVKDYLQJSDUYDOXHRI`SHUVKDUH(DFKVKDUHKROGHULV
HQWLWOHGWRRQHYRWHSHUVKDUHKHOG'LYLGHQGLIDQ\GHFODUHGLVSD\DEOHLQ,QGLDQ5XSHHV7KHGLYLGHQGSURSRVHGLIDQ\
E\WKH%RDUGRI'LUHFWRUVLVVXEMHFWWRWKHDSSURYDORIWKHVKDUHKROGHUVLQWKHHQVXLQJ$QQXDO*HQHUDO0HHWLQJ
+RZHYHU5%,YLGHOHWWHUGDWHG$SULOKDVDGYLVHGWKHFRPSDQ\WRVWRSSD\LQJGLYLGHQGVWLOOIXUWKHURUGHUV
21.1(c) Details of shares held by shareholders holding more than 5% of the aggregate shares in the Company
As at March 31, 2019 $VDW0DUFK

Name of the shareholder % of RI
No. of 1RRI
holding in holding in
shares VKDUHV
the class the class
a. Equity Shares
,QGLD+RUL]RQ)XQG/LPLWHG 17,838,467 8.22
5HVLOLHQW,QGLD*URZWK)XQG 17,638,579 8.13
$[LV%DQN/LPLWHG 15,789,000 7.42
:LQ6XUH7UDGH,QYHVW3ULYDWH/LPLWHG5RFN%XLOGHUV
12,882,106 5.94
DQG'HYHORSHUV3ULYDWH/LPLWHG
,QWHUQDWLRQDO)LQDQFH&RUSRUDWLRQ 12,818,331 5.91
RQEHKDOIRI&KDQGUDNDQWD(QWHUSULVH
21.1(d) 1RFODVVRIVKDUHVKDYHEHHQLVVXHGDVERQXVVKDUHVRUIRUFRQVLGHUDWLRQRWKHUWKDQFDVKE\WKH&RPSDQ\GXULQJWKH
SHULRGRI¿YH\HDUVLPPHGLDWHO\SUHFHGLQJWKHFXUUHQW\HDUHQG
21.1(e) 1RFODVVRIVKDUHVKDYHEHHQERXJKWEDFNE\WKH&RPSDQ\GXULQJWKHSHULRGRI¿YH\HDUVLPPHGLDWHO\SUHFHGLQJWKH
FXUUHQW\HDUHQG


21.2 The Company has preference share capital having a par value of ` 10 per share, referred to herein as preference
share capital.
As at $VDW $VDW
Particulars
Authorized
$SULO5HGHHPDEOH
16,200.00
3UHIHUHQFH6KDUHVRI`HDFK
Total 16,200.00
22. Other Equity

As at $VDW $VDW
22.1 Securities premium
2SHQLQJEDODQFH 352,376.25
$GG6HFXULWLHVSUHPLXPFUHGLWHGRQVKDUHLVVXH 16,280.21
Closing balance 368,656.46
6HFXULWLHV SUHPLXP LV XVHG WR UHFRUG WKH SUHPLXP RQ LVVXH RI VKDUHV 7KH UHVHUYH FDQ EH XWLOLVHG RQO\ IRU OLPLWHG
SXUSRVHVVXFKDVLVVXDQFHRIERQXVVKDUHVLQDFFRUGDQFHZLWKWKHSURYLVLRQVRIWKH&RPSDQLHV$FW
As at $VDW $VDW
Particulars
22.2 Capital Redemption Reserve
2SHQLQJEDODQFH 123.14
$GG&KDQJHVGXULQJWKH\HDU -
Closing balance 123.14
22.3 Capital Reserve

22.4 General reserve (GR)

22.5 Statutory Reserve

22.6 Retained Earning

2SHQLQJEDODQFH (238,384.31)
$GG1HWSUR¿WORVVIRUWKHFXUUHQW\HDU (14,611.22)
Closing balance (252,995.53)


As at $VDW $VDW
Particulars
22.7 Other Comprehensive Income
2SHQLQJ%DODQFH (17.75)
$GG5HPHDVXUHPHQWJDLQORVVRQSRVWHPSOR\PHQWEHQH¿W
16.19
REOLJDWLRQQHWRIWD[
(1.56)
Total other equity 144,221.02
22.8 Share Application Money

2SHQLQJEDODQFH -
&KDQJHVGXULQJWKH\HDU -
Closing balance -
22.8 Money Received against Share Warrants

2SHQLQJEDODQFH -
$PRXQWUHFHLYHGGXULQJWKH\HDU 14,578.35
/HVV8WLOLVHGWRZDUG(TXLW\$OORWPHQW (5,032.24)
'XULQJ WKH \HDU HQGHG 0DUFK WKH &RPSDQ\ KDG DOORWWHG FRQYHUWLEOH ZDUUDQWV RI ` SHU
ZDUUDQWRQ$SULOLQDFFRUGDQFHWRWKH6(%,,VVXHRI&DSLWDODQG'LVFORVXUH5HTXLUHPHQWV5HJXODWLRQV
DQGDVDPHQGHGWKHUHWR2XWRIVDPHZDUUDQWVZHUHFRQYHUWHGLQWRHTXLW\VKDUHVGXULQJWKH\HDU)<
DQGEDODQFHZDUUDQWVSDUWO\SDLGDUHUHPDLQLQJIRUFRQYHUVLRQDVRQGDWH
7KH&RPSDQ\KDGIXOO\XWLOL]HGWKHIXQGVUHFHLYHGIURPWKHZDUUDQWKROGHUVDVSHUWKH2EMHFWVVWDWHGLQWKH([SODQDWRU\
6WDWHPHQWWRWKH1RWLFHGDWHG)HEUXDU\VHQWWRVKDUHKROGHUVRIWKH&RPSDQ\7KHUHDUHQRXQXWLOL]HGIXQGV
XQGHUWKHVDPHDVRQ0DUFK
8WOLVDWLRQ RI ZDUUDQW PRQH\ UHFHLYHG ` /DNKV DGYDQFH ` /DNKV DQG ` /DNKV RQ
DOORWPHQWRIVKDUHLVDVIROORZV
5HSD\PHQWRI/RDQVUHODWHGSDUW\

,QYHVWPHQWV,QVXEVLGLDU\
3D\PHQWRIOLDELOLW\RQDFFRXQWRI0HUJHU
*HQHUDO&RUSRUDWH3XUSRVH
29,675.07
23. Revenue From Operations - Interest Income

Year Ended <HDU(QGHG
Particulars
On Financial Assets measured at Amortised Cost
,QWHUHVW,QFRPHRQ6KRUW7HUP,QWHU&RUSRUDWH/RDQV 16.54
,QWHUHVWLQFRPHIURP,QYHVWPHQWV 342.15
,QWHUHVWRQ)L[HG'HSRVLWVZLWK%DQNV 2.58
2WKHULQWHUHVWLQFRPH
,QWHUHVWRQ,QFRPH7D[5HIXQG 538.17
Total 899.44


24. Revenue from operations (Others)
Particulars
,QFRPHIURPDUELWUDJH WUDGLQJ -
3UR¿WRQ6DOH5HGHPSWLRQRI1RQ&XUUHQWDQG&XUUHQW,QYHVWPHQWV 13.53
Total 13.53
25. Other Income

Particulars
6XSSRUW6HUYLFH,QFRPH 2,330.46
*DLQRQIDLUYDOXDWLRQRI0XWXDOIXQGYHQWXUHFDSLWDOIXQGDQGDOWHUQDWLYH
-
LQYHVWPHQWIXQGV
3UR¿WRQ6DOHRISURSHUW\SODQWDQGHTXLSPHQW 4.66
,QFRPHIURP6DOH'LVWULEXWLRQRI1RQFXUUHQWLQYHVWPHQWV 89.50
$PRUWL]DWLRQRI&RUSRUDWH*XDUDQWHH -
0LVFHOODQHRXV,QFRPHLQFOXGLQJOLDELOLWLHVZULWWHQEDFNQHWRIEDODQFHV
178.98
ZULWWHQRႇ
Total 2,603.60
26. Finance Costs

Particulars
On Financial liabilities measured at Amortised Cost
,QWHUHVWRQ,QWHU&RUSRUDWH/RDQV 3,786.59
,QWHUHVWRQ1RQ&RQYHUWLEOH'HEHQWXUHV -
,QWHUHVWRQOLDELOLW\SRUWLRQRI5HGHHPDEOH3UHIHUHQFH6KDUHV 577.55
'LVFRXQWRQFRPPHUFLDOSDSHUV 106.08
%DQN&KDUJHV -
Total 4,470.22
2018-19
On 2Q¿QDQFLDO 2Q 2Q¿QDQFLDO
Particulars ¿QDQFLDO liabilities ¿QDQFLDO OLDELOLWLHV
liabilities Measured at Total OLDELOLWLHV 0HDVXUHGDW 7RWDO
Measured Amortised 0HDVXUHG $PRUWLVHG
at FVTPL cost DW)973/ cost
A Debt Securities
,QWHUHVWRQ1RQ&RQYHUWLEOH - - -
'HEHQWXUHV
'LVFRXQWRQFRPPHUFLDOSDSHUV - 106.08 106.08
B Borrowings (other than debt
securities)
,QWHUHVWRQ,QWHU&RUSRUDWH/RDQV - 3,786.59 3,786.59
%DQN&KDUJHV - - -
,QWHUHVWH[SHQVHVRQ¿QDQFLDO 577.55 - 577.55
OLDELOLWLHVGHVLJQDWHGDWIDLUYDOXH
WKURXJKSUR¿W ORVV
Total 577.55 3,892.67 4,470.22

(PSOR\HH%HQH¿WV([SHQVHV
Particulars
6DODULHVDQGZDJHV 1,168.61
&RQWULEXWLRQWRSURYLGHQWDQGRWKHUIXQGV 53.10
6WDႇZHOIDUHH[SHQVHV 25.52
*UDWXLW\DQGFRPSHQVDWHGDEVHQFHVH[SHQVHV 31.55
5HFUXLWPHQWDQGWUDLQLQJ 1.05
Total 1,279.83
28. Depreciation and amortization expense

Particulars
'HSUHFLDWLRQRQSURSHUW\SODQW HTXLSPHQW 38.51
$PRUWL]DWLRQRILQWDQJLEOHDVVHWV 46.91
Total 85.42
29. Impairment on Financial Instruments

Particulars
,PSDLUPHQW/RVVHVRQ,QYHVWPHQWLQVXEVLGLDULHV 9,934.24
Total 9,934.24
$OO,QYHVWPHQWLQ6XEVLGLDU\FRPSDQ\KDVEHHQUHFRUGHGDWIDLUYDOXHRQWUDQVLWLRQGDWHDQGVXEVHTXHQWO\LPSDLUPHQW
WHVWLQJGRQHHYHU\\HDUIRUFRPSXWLQJLPSDLUPHQWORVVHV,QYHVWPHQWFKHFNHGIRULPSDLUPHQWWHVWLQJDQGLPSDLUPHQWORVV
RQLQYHVWPHQWFDOFXODWHGDQGERRNHGDVH[SHQVHRIÒDNKVGXULQJ)<DQGÒDNKVGXULQJ)<

30. Other Expenses

Particulars
5HQW 189.57
/RVVRQIDLUYDOXDWLRQRI0XWXDOIXQGYHQWXUHFDSLWDOIXQGDQGDOWHUQDWLYH
6.37
LQYHVWPHQWIXQGV
3D\PHQWGXHDJDLQVW/HWWHURIFRPIRUWJLYHQ -
5HSDLUVDQGPDLQWHQDQFHRWKHUV 75.04
&RPPXQLFDWLRQ&RVWV 165.41
3ULQWLQJDQGVWDWLRQHU\ 18.68
$GYHUWLVHPHQWDQGSXEOLFLW\ 27.82
'LUHFWRU¶VIHHVDOORZDQFHVDQGH[SHQVHV 118.20
$XGLWRU¶VIHHVDQGH[SHQVHVUHIHUQRWH 35.33
/HJDODQG3URIHVVLRQDOFKDUJHV 1,076.55
,QVXUDQFH 39.60
&XVWRGLDODQGVWDPSFKDUJHV 62.72


Particulars
&RQWLQJHQWSURYLVLRQRQVWDQGDUGDVVHWV -
3URYLVLRQIRUQRQSHUIRUPLQJDVVHWV 44.01
3URYLVLRQIRUVHFXULW\GHSRVLW -
3URYLVLRQIRUVXSSRUWVHUYLFHV 139.37
)LOLQJ)HHV 25.82
0HPEHUVKLSDQGVXEVFULSWLRQIHHV 36.20
7UDYHODQGFRQYH\DQFH 133.68
3RVWDJHDQG&RXULHU 13.56
2ႈFH([SHQVHV 29.59
(OHFWULFLW\DQGZDWHU 352.46
)LQHV 3HQDOWLHV 2.14
/RVVRQVDOHRISURSHUW\SODQW HTXLSPHQW -
)RUHLJQH[FKDQJHORVV -
3URYLVLRQIRUGLPLQXWLRQLQYDOXHRIQRQFXUUHQWLQYHVWPHQWV -
6RIWZDUH/LFHQFH)HHV 12.46
0LVFHOODQHRXV([SHQVHV 4.01
/HVV([SHQVHVVKDUHGE\VXEVLGLDULHV-9V (250.51)
Total 2,358.08
$VSHU,1'$6/HWWHURIFRPIRUWLVVXHGLQIDYRURI6XEVLGLDULHVRU*URXS&RPSDQLHVWREHUHFRUGHGDV)LQDQFLDO/LDELOLW\
'XULQJ)<)LQDQFLDOOLDELOLW\RIÒDNKVKDVEHHQERRNHGDJDLQVWOHWWHURIFRPIRUWLVVXHGLQIDYRULWVVXEVLGLDU\
FRPSDQ\³5HOLJDUH&RPWUDGH/LPLWHG´DQG³5HOLJDUH$GYLVRUV/LPLWHG´HUVWZKLOH³5HOLJDUH:HDOWK0DQDJHPHQW/LPLWHG´
30.1 Payment to Auditor’s (exclusive of GST)

Particulars
As Auditors
6WDWXWRU\$XGLW)HHV 21.55
7D[DXGLW)HHV 1.10
In Other Capacity
)RURWKHU6HUYLFHV&HUWL¿FDWLRQ 11.47
2XWRISRFNHWH[SHQVH 1.21
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32 Contingent Liabilities and Commitments
Legal
The Company has involved in various litigations ,arbitrations and regulatory proceedings the detail of which are
as follows:
Particulars March 31, 2019 0DUFK
Amount (`) $PRXQW`
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B Information about Reportable Segments :
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INFORMATION ABOUT PRIMARY BUSINESS SEGMENT
Investment
Support
Particulars and Financing Unallocated Total
Services
Activities
(i) Segment Revenue
External Revenue 3,516.57
Total Revenue 707.75 3,516.57
(ii) Segment Results (14,611.22)
(iii) Segment Assets 221,198.70
Total Assets 211,703.63 2,436.28 7,058.80 221,198.70
(iv) Segment liabilities 55,283.41
Total liabilities 51,882.92 3,277.16 123.33 55,283.41
(v) Capital Expenditure - 8.65
(vi) 'HSUHFLDWLRQ$PRUWL]DWLRQ - 85.42
Non Cash Expenditure other than
(vii) 30.93 152.46 - 183.39
Depreciation
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35 Fair Value Measurement
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UHJDUGOHVVRIZKHWKHUWKDWSULFHLVGLUHFWO\REVHUYDEOHRUHVWLPDWHGXVLQJDYDOXDWLRQWHFKQLTXH
,QRUGHUWRVKRZKRZIDLUYDOXHVKDYHEHHQGHULYHG¿QDQFLDOLQVWUXPHQWVDUHFODVVL¿HGEDVHGRQDKLHUDUFK\RIYDOXDWLRQ
WHFKQLTXHV
35.2 Fair value hierarchy
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Level 1:4XRWHGSULFHVXQDGMXVWHGLQDFWLYHPDUNHWIRULGHQWLFDODVVHWVRUOLDELOLWLHV
Level 2: ,QSXWVRWKHUWKDQTXRWHGSULFHLQFOXGHGZLWKLQOHYHOWKDWDUHREVHUYDEOHIRUWKHDVVHWRUOLDELOLW\HLWKHUGLUHFWO\
LHDVSULFHVRULQGLUHFWO\LHGHULYHGIURPSULFHV
7KHIDLUYDOXHRI¿QDQFLDOLQVWUXPHQWVWKDWDUHQRWWUDGHGLQDQDFWLYHPDUNHWLVGHWHUPLQHGXVLQJPDUNHWDSSURDFKDQG
YDOXDWLRQWHFKQLTXHVZKLFKPD[LPL]HWKHXVHRIREVHUYDEOHPDUNHWGDWDDQGUHO\DVOLWWOHDVSRVVLEOHRQHQWLW\VSHFL¿F
HVWLPDWHV,IVLJQL¿FDQWLQSXWVUHTXLUHGWRIDLUYDOXHDQLQVWUXPHQWDUHREVHUYDEOHWKHLQVWUXPHQWLVLQFOXGHGLQ/HYHO
Level 3:,QSXWVIRUWKHDVVHWVRUOLDELOLWLHVWKDWDUHQRWEDVHGRQREVHUYDEOHPDUNHWGDWDXQREVHUYDEOHLQSXWV
,IRQHRUPRUHRIWKHVLJQL¿FDQWLQSXWVLVQRWEDVHGRQREVHUYDEOHPDUNHWGDWDWKHIDLUYDOXHLVGHWHUPLQHGXVLQJJHQHUDOO\
DFFHSWHGSULFLQJPRGHOVEDVHGRQDDQDO\VLVZLWKWKHPRVWVLJQL¿FDQWLQSXWVEHLQJWKHGLVFRXQWUDWHWKDWUHÀHFWVWKHFUHGLW
ULVNRIFRXQWHUSDUW\
7KHIDLUYDOXHRIWUDGHUHFHLYDEOHVWUDGHSD\DEOHVDQGRWKHU&XUUHQW¿QDQFLDODVVHWVDQGOLDELOLWLHVLVFRQVLGHUHGWREH
HTXDOWRWKHFDUU\LQJDPRXQWVRIWKHVHLWHPVGXHWRWKHLUVKRUWWHUPQDWXUH:KHUHVXFKLWHPVDUH1RQFXUUHQWLQQDWXUH
WKHVDPHKDVEHHQFODVVL¿HGDV/HYHODQGIDLUYDOXHGHWHUPLQHGXVLQJEDVLV6LPLODUO\XQTXRWHGHTXLW\LQVWUXPHQWV
ZKHUH PRVW UHFHQW LQIRUPDWLRQ WR PHDVXUH IDLU YDOXH LV LQVXႈFLHQW RU LI WKHUH LV D ZLGH UDQJH RI SRVVLEOH IDLU YDOXH
PHDVXUHPHQWVFRVWKDVEHHQFRQVLGHUHGDVWKHEHVWHVWLPDWHRIIDLUYDOXH


7KHUHKDVEHHQQRFKDQJHLQWKHYDOXDWLRQPHWKRGRORJ\IRU/HYHOLQSXWVGXULQJWKH\HDU7KH&RPSDQ\KDVQRWFODVVL¿HG
DQ\PDWHULDO¿QDQFLDOLQVWUXPHQWVXQGHU/HYHORIWKHIDLUYDOXHKLHUDUFK\7KHUHZHUHQRWUDQVIHUVEHWZHHQ/HYHODQG
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Financials Instruments
Financial instruments – Fair values and risk management
A. Financial instruments by category

Particulars Amortised $PRUWLVHG $PRUWLVHG
FVTPL FVTOCI )973/ )972&, )973/ )972&,
Cost &RVW &RVW
Financial Assets
&DVKDQGFDVKHTXLYDOHQWV - - 344.51
%DQN%DODQFHRWKHUWKDQ - - 4.40
FDVKDQGFDVKHTXLYDOHQWV
/RDQV - -
,QYHVWPHQWV 1,026.84 210,182.57
2WKHU)LQDQFLDODVVHWV - - 2,344.02
Total 1,026.84 - 212,875.50
7UDGH3D\DEOHV - - 1,003.35
%RUURZLQJV2WKHUWKDQ'HEW - - 38,058.74
6HFXULWLHV
2WKHU¿QDQFLDOOLDELOLWLHV - - 16,029.14
Total - - 55,091.23
35.3 Assets and liabilities by fair value hierarchy

7KHIROORZLQJWDEOHVKRZVDQDQDO\VLVRI¿QDQFLDOLQVWUXPHQWVUHFRUGHGDWIDLUYDOXHE\OHYHORIWKHIDLUYDOXHKLHUDUFK\
Particulars Level 1 Level 2 Level 3 Total
Assets measured at fair value on a recurring basis
)LQDQFLDODVVHWVGHVLJQDWHGDWIDLUYDOXHWKURXJKSUR¿WRUORVV
(TXLW\VHFXULWLHV
Total - - 1,026.84 1,026.84

(TXLW\VHFXULWLHV
Total - - 1,243.05 1,243.05


As at April 1, 2017

(TXLW\VHFXULWLHV
Total - - 1,457.24 1,457.24
35.3.A Valuation Techniques

Non-current assets and liabilities held for sale
7KH&RPSDQ\¶VQRQFXUUHQWDVVHWVDQGOLDELOLWLHVKHOGIRUVDOHDUHPHDVXUHGDWIDLUYDOXHRQQRQUHFXUULQJEDVLVZLWKWKH
H[FHSWLRQRIWKHFHUWDLQ¿QDQFLDOLQVWUXPHQWVWKDWKDYHDOUHDG\EHHQPHDVXUHGDWIDLUYDOXHRQDUHFXUULQJEDVLV,QLWV
QRUPDOFRXUVHRIEXVLQHVVWKH&RPSDQ\GRHVQRWSK\VLFDOO\UHSRVVHVVSURSHUWLHVRURWKHUDVVHWVLQLWVUHWDLOSRUWIROLREXW
HQJDJHVH[WHUQDODJHQWVWRUHFRYHUIXQGVJHQHUDOO\DWDXFWLRQWRVHWWOHRXWVWDQGLQJGHEW$VDUHVXOWRIWKLVSUDFWLFHWKH
UHVLGHQWLDOSURSHUWLHVXQGHUOHJDOUHSRVVHVVLRQSURFHVVDUHQRWUHFRUGHGRQWKHEDODQFHVKHHWDQGWUHDWHGDVQRQFXUUHQW
DVVHWVOLDELOLWLHVKHOGIRUVDOHRIWKHQRQFXUUHQWDVVHWVKHOGIRUVDOHDQGGLVFORVHGLQ1RWH1R
0RYHPHQWVLQ/HYHO¿QDQFLDOLQVWUXPHQWVPHDVXUHGDWIDLUYDOXH
7KHIROORZLQJWDEOHVVKRZDUHFRQFLOLDWLRQRIWKHRSHQLQJDQGFORVLQJDPRXQWVRI/HYHO¿QDQFLDODVVHWVDQGOLDELOLWLHV
ZKLFKDUHUHFRUGHGDWIDLUYDOXH7UDQVIHUVIURP/HYHOWR/HYHORFFXUZKHQWKHPDUNHWIRUVRPHVHFXULWLHVEHFDPHPRUH
OLTXLGZKLFKHOLPLQDWHVWKHQHHGIRUWKHSUHFLRXVO\UHTXLUHGVLJQL¿FDQWXQREVHUYDEOHYDOXDWLRQLQSXWV6LQFHWKHWUDQVIHU
WKHVHLQVWUXPHQWVKDYHEHHQYDOXHGXVLQJYDOXDWLRQPRGHOVLQFRUSRUDWLQJREVHUYDEOHPDUNHWLQSXWV7UDQVIHUVLQWR/HYHO
UHÀHFWFKDQJHVLQPDUNHWFRQGLWLRQVDVDUHVXOWRIZKLFKLQVWUXPHQWVEHFRPHOHVVOLTXLG7KHUHIRUHWKH&RPSDQ\UHTXLUHV
VLJQL¿FDQWXQREVHUYDEOHLQSXWVWRFDOFXODWHWKHLUIDLUYDOXH
7KHIROORZLQJWDEOHVVKRZWKHUHFRQFLOLDWLRQRIWKHRSHQLQJDQGFORVLQJDPRXQWVRI/HYHO¿QDQFLDODVVHWVDQGOLDELOLWLHV
PHDVXUHGDWIDLUYDOXH
)LQDQFLDODVVHWVGHVLJQDWHGDWIDLUYDOXHWKURXJKSUR¿WRUORVV)973/
Particulars FY 2018-19 )<

Opening Balance 1,243.05
3XUFKDVH 13,825.00
6DOHV 14,047.57
,VVXDQFHV6HWWOHPHQWV -
7UDQVIHUVLQWR/HYHO -
7UDQVIHUVIURP/HYHO -
1HWLQWHUHVWLQFRPHQHWWUDGLQJLQFRPHDQGRWKHULQFRPH 103.03
2WKHUFRPSUHKHQVLYHLQFRPH -
Unrealised gains and (losses) related to balances held at the end of the period (6.37)
)DLUYDOXHRI¿QDQFLDOLQVWUXPHQWVQRWPHDVXUHGDWIDLUYDOXH
6HWRXWEHORZLVDFRPSDULVRQE\FODVVRIWKHFDUU\LQJDPRXQWVDQGIDLUYDOXHVRIWKH&RPSDQ\¶V¿QDQFLDOLQVWUXPHQWV
WKDWDUHQRWFDUULHGDWIDLUYDOXHLQWKH¿QDQFLDOVWDWHPHQWV7KLVWDEOHGRHVQRWLQFOXGHWKHIDLUYDOXHVRIQRQ±¿QDQFLDO
DVVHWVDQGQRQ±¿QDQFLDOOLDELOLWLHV


Carrying Fair Value

Particulars
amount Level 1 Level 2 Level 3 Total
Financial Assets
&DVKDQG&DVKHTXLYDOHQW 344.51 - - 344.51 344.51
%DQNEDODQFHVRWKHUWKDQFDVKDQGFDVKHTXLYD
4.40 - - 4.40 4.40
lent
7UDGHUHFHLYDEOHV 153.10 - - 153.10 153.10
/RDQVDQGDGYDQFHVWRFXVWRPHUV 50.60 - - 50.60 50.60
)LQDQFLDOLQYHVWPHQWV±DWDPRUWLVHGFRVW 2,190.92 - - 2,190.92 2,190.92
7RWDO¿QDQFLDODVVHWV 2,743.53 - - 2,743.53 2,743.53
7UDGHSD\DEOHV 1,003.35 - - 1,003.35 1,003.35
'HEWVHFXULWLHV - - - - -
%RUURZLQJRWKHUWKDQGHEWVHFXULWLHV 38,058.74 - - 38,058.74

38,058.74
'HSRVLWV 1,802.48 - - 1,802.48 1,802.48
2WKHU¿QDQFLDOOLDELOLW\ 14,226.67 - - 14,226.67

14,226.67
Total Financial liabilities 55,091.23 - - 55,091.23 55,091.23
Carrying Fair Value

Particulars
Financial Assets
&DVKDQG&DVKHTXLYDOHQW
%DQNEDODQFHVRWKHUWKDQFDVKDQGFDVKHTXLYDOHQW
7UDGHUHFHLYDEOHV
/RDQVDQGDGYDQFHVWRFXVWRPHUV
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7RWDO¿QDQFLDODVVHWV
)LQDQFLDO/LDELOLWLHV
7UDGHSD\DEOHV
'HEWVHFXULWLHV
%RUURZLQJRWKHUWKDQGHEWVHFXULWLHV
'HSRVLWV
2WKHU¿QDQFLDOOLDELOLW\
7RWDO)LQDQFLDOOLDELOLWLHV


As at April 1, 2017
Carrying Fair Value

Particulars
Financial Assets
&DVKDQG&DVKHTXLYDOHQW
%DQNEDODQFHVRWKHUWKDQFDVKDQGFDVKHTXLYDOHQW
7UDGHUHFHLYDEOHV
/RDQVDQGDGYDQFHVWRFXVWRPHUV
)LQDQFLDOLQYHVWPHQWV±DWDPRUWLVHGFRVW
7RWDO¿QDQFLDODVVHWV
7UDGHSD\DEOHV
'HEWVHFXULWLHV
%RUURZLQJRWKHUWKDQGHEWVHFXULWLHV
'HSRVLWV
Total Financial liabilities 54,577.02 - - 54,577.02 54,577.02
9DOXDWLRQPHWKRGRORJLHVRI¿QDQFLDOLQVWUXPHQWVQRWPHDVXUHGDWIDLUYDOXH
%HORZDUHWKHPHWKRGRORJLHVDQGDVVXPSWLRQVXVHGWRGHWHUPLQHIDLUYDOXHVIRUWKHDERYH¿QDQFLDOLQVWUXPHQWVZKLFK
DUHQRWUHFRUGHGDQGPHDVXUHGDWIDLUYDOXHLQWKH&RPSDQ\¶V¿QDQFLDOVWDWHPHQWV7KHVHIDLUYDOXHVZHUHFDOFXODWHGIRU
GLVFORVXUHSXUSRVHVRQO\
6KRUWWHUP¿QDQFLDODVVHWVDQGOLDELOLWLHV
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ZKLFKDUHQHWRILPSDLUPHQWDUHDUHDVRQDEOHDSSUR[LPDWLRQRIWKHLUIDLUYDOXH6XFKLQVWUXPHQWVLQFOXGHFDVKDQGEDO
DQFHV7UDGHUHFHLYDEOHV&RQWUDFWDVVHWVEDODQFHVRWKHUWKDQFDVKDQGFDVKHTXLYDOHQWVWUDGHSD\DEOHVDQGFRQWUDFW
OLDELOLW\ZLWKRXWDVSHFL¿FPDWXULW\6XFKDPRXQWVKDYHEHHQFODVVL¿HGDV/HYHORQWKHEDVLVWKDWQRDGMXVWPHQWVKDYH
EHHQPDGHWRWKHEDODQFHVLQWKHEDODQFHVKHHW

36. Financial Risk Management

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HDFKLQGLYLGXDOZLWKLQWKH&RPSDQ\LVDFFRXQWDEOHIRUWKHULVNH[SRVXUHVUHODWLQJWRKLVRUKHUUHVSRQVLELOLWLHV7KH
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36.1.1 Risk Management Structure
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PDQDJHPHQWVWUDWHJLHVDQGSULQFLSOHV
7KH%RDUGKDVFRQVWLWXWHGWKH5LVN0DQDJHPHQW&RPPLWWHHZKLFKLVUHVSRQVLEOHIRUPRQLWRULQJWKHRYHUDOO
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PDQDJHPHQWDQGUHSRUWVLWV¿QGLQJVDQGUHFRPPHQGDWLRQVWRWKH6XSHUYLVRU\%RDUGDQG$XGLW&RPPLWWHH
36.1.2 Risk measurement and reporting systems
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UHÀHFWWKHHFRQRPLFHQYLURQPHQW7KH&RPSDQ\DOVRUXQVZRUVWFDVHVFHQDULRVWKDWZRXOGDULVHLQWKHHYHQW
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0RQLWRULQJDQGFRQWUROOLQJULVNVLVSULPDULO\SHUIRUPHGEDVHGRQOLPLWVHVWDEOLVKHGE\WKH&RPSDQ\7KHVH
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36.2.1 Compliance-Regulatory-Legal risk
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36.2.2 Investment Risk
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YDULRXVLQYHVWPHQWVVXFKDVGLUHFWLQYHVWPHQWVDVVHWPDQDJHPHQWHWF

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36.2.3 Strategic Business Risk
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36.2.4 Financial Risk Management
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The sources of risks which the Company is exposed to and their management is given below
Risk Exposure Arising From Measurement Management
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36.2.4.1 Impairment assessment

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RUDSRUWIROLRRILQVWUXPHQWVLVVXEMHFWWRP(&/RU/7(&/WKH&RPSDQ\DVVHVVHVZKHWKHUWKHUHKDVEHHQ
DVLJQL¿FDQWLQFUHDVH LQ FUHGLW ULVNVLQFHLQLWLDOUHFRJQLWLRQ7KH&RPSDQ\FRQVLGHUVDQH[SRVXUHWRKDYH
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7KH &RPSDQ\ DOVR DSSOLHV D VHFRQGDU\ TXDOLWDWLYH PHWKRG IRU WULJJHULQJ D VLJQL¿FDQW LQFUHDVH LQ FUHGLW
ULVN IRU DQ DVVHW VXFK DV PRYLQJ DFXVWRPHUIDFLOLW\WRWKHZDWFKOLVWRUWKHDFFRXQWEHFRPLQJ IRUERUQH
5HJDUGOHVVRIWKHFKDQJHLQFUHGLWJUDGHVLIFRQWUDFWXDOSD\PHQWVDUHPRUHWKDQGD\VSDVWGXHWKHFUHGLW
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36.2.5 Concentration Risk
&RQFHQWUDWLRQ 5LVN LV 3UREDELOLW\ RI ORVV DULVLQJ IURP KHDYLO\ ORSVLGHG H[SRVXUH WR D SDUWLFXODU JURXS RI
FRXQWHUSDUWLHV)RUH[DPSOHWKHULVNRIORVVWRD¿QDQFHFRPSDQ\DVDUHVXOWRIKDYLQJWRRPDQ\RXWVWDQGLQJ
ORDQVFRQFHQWUDWHGLQDSDUWLFXODULQVWUXPHQWZLWKDSDUWLFXODUW\SHRIERUURZHURULQDSDUWLFXODUWHUULWRU\
36.2.6 Reputational Risk
5HSXWDWLRQDO5LVN$VSHUWKHDERYHVWDQGDUG5(/LVDOVRH[SRVHGWRUHSXWDWLRQULVNDULVLQJIURPIDLOXUHVLQ
JRYHUQDQFHEXVLQHVVVWUDWHJ\DQGSURFHVVUHJXODWRU\FRPSOLDQFHDQGOHJDOULVN7KHVHULVNVDUHJHQHUDOO\
FRYHUHGXQGHU2SHUDWLRQDOULVNV5HSXWDWLRQDOULVNLVWKHULVNRISRWHQWLDOGDPDJHWRWKH&RPSDQ\GXHWR
GHWHULRUDWLRQRILWVUHSXWDWLRQ7KHUHSXWDWLRQRIWKH&RPSDQ\PD\VXႇHUDVDUHVXOWRILWVIDLOXUHWRFRPSO\
ZLWK ODZV UHJXODWLRQV UXOHV UHSRUWLQJ UHTXLUHPHQWV VWDQGDUGV DQG FRGHV RI FRQGXFW DSSOLFDEOH WR LWV
DFWLYLWLHVUDWKHUWKDQFRPSOLDQFHZLWKWKHLQWHUQDOOLPLWVRUSURFHGXUHV3URDFWLYHPHDVXUHVWRPLQLPL]HWKH
ULVN RI ORVLQJ UHSXWDWLRQ FRXOG EH D VRXQG ULVN PDQDJHPHQW IUDPHZRUN JRRG FRUSRUDWH JRYHUQDQFH KLJK
OHYHOHWKLFVDQGLQWHJULW\ULJRURXVDQWLPRQH\ODXQGHULQJSURFHGXUHVJRRGEXVLQHVVSUDFWLFHVDQGUHSRUWLQJ
RIDOOEUHDFKHVZKLFKOHDGWRUHSXWDWLRQDOULVNWRWKHDWWHQWLRQRIVHQLRUPDQDJHPHQWDQGWKHERDUG
0DQDJHPHQWRIVXEVLGLDULHVDQGVXSSRUWIXQFWLRQVRI5(/VKRXOGWDNHLQWRFRQVLGHUDWLRQDERYHEDVLFULVN
FDWHJRUL]DWLRQDQGGHYLVHWKHLURZQULVNFXPFRQWUROPDWUL[IRUHDFKRIWKHSURGXFWOLQHVHJPHQWEXVLQHVV
DQGRSHUDWLRQV
36.2.6 Liquidity risk
/LTXLGLW\ULVNLVWKHSRWHQWLDORIORVVDULVLQJIURPWKHLULQDELOLW\HLWKHUWRPHHWREOLJDWLRQVRUWRIXQGLQFUHDVHV
LQDVVHWVDVWKH\IDOOGXHZLWKRXWLQFXUULQJXQDFFHSWDEOHFRVWVRUORVVHV
$QDO\VLVRI¿QDQFLDODVVHWVDQGOLDELOLWLHVE\UHPDLQLQJFRQWUDFWXDOPDWXULWLHV
7KHWDEOHEHORZVXPPDULVHVWKHPDWXULW\SUR¿OHRIWKHXQGLVFRXQWHGFDVKÀRZVRIWKH&RPSDQ\¶V¿QDQFLDO
DVVHWVDQGOLDELOLWLHVDVDW0DUFK5HSD\PHQWVZKLFKDUHVXEMHFWWRQRWLFHDUHWUHDWHGDVLIQRWLFHZHUHWR
EHJLYHQLPPHGLDWHO\+RZHYHUWKH&RPSDQ\H[SHFWVWKDWPDQ\FXVWRPHUVZLOOQRWUHTXHVWUHSD\PHQWRQ
WKHHDUOLHVWGDWHLWFRXOGEHUHTXLUHGWRSD\DQGWKHWDEOHGRHVQRWUHÀHFWWKHH[SHFWHGFDVKÀRZVLQGLFDWHG
E\LWVGHSRVLWUHWHQWLRQKLVWRU\

Less than 3 to 12 Over 5

Particulars On demand 1 to 5 years Total
3 months Months years
Financial assets
&DVKDQGFDVKHTXLYDOHQWDQGRWKHUEDQN
EDODQFHV
)LQDQFLDODVVHWVDWIDLUYDOXHWKURXJKSUR¿W
and loss
7D[$VVHWV
/RDQV
)LQDQFLDOLQYHVWPHQWVDWDPRUWLVHGFRVW
7UDGHUHFHLYDEOHV
7RWDOXQGLVFRXQWHG¿QDQFLDODVVHWV
Financial liabilities
'HEWVHFXULWLHV
%RUURZLQJVRWKHUWKDQGHEWVHFXULWLHV
2WKHU¿QDQFLDOOLDELOLWLHV
7RWDOXQGLVFRXQWHG¿QDQFLDOOLDELOLWLHV 31,841.80 2,550.67 10,419.15 9,276.25 - 54,087.87
7RWDO1HW¿QDQFLDODVVHWVOLDELOLWLHV (31,497.29) (1,020.93) (7,616.71) (4,761.07) 210,182.57 165,286.57
,QWHUFRUSRUDWHERUURZLQJ¶VIURPVXEVLGLDULHVDUHRYHUGXH
Less than 3 3 to 12 Over 5

months Months years
Financial assets
&DVKDQGFDVKHTXLYDOHQWDQGRWKHUEDQN
EDODQFHV
1HWVHWWOHGGHULYDWLYHDVVHWV
)LQDQFLDODVVHWVDWIDLUYDOXHWKURXJKSUR¿W
and loss
/RDQV
7D[$VVHW
7UDGHUHFHLYDEOHV
'HSRVLWV
'HEWVHFXULWLHV
7RWDOXQGLVFRXQWHG¿QDQFLDOOLDELOLWLHV
1HWXQGLVFRXQWHG¿QDQFLDODVVHWV 19.78 (11,418.36) (7,108.78) (35,565.63) 210,904.30 156,831.31
(liabilities)

Less than 3 3 to 12 Over 5

months Months years
As at April 1, 2017
Financial assets
&DVKDQGFDVKHTXLYDOHQWDQGRWKHU
EDQNEDODQFHV
)LQDQFLDODVVHWVDWIDLUYDOXHWKURXJK
SUR¿WDQGORVV
/RDQV
&XUUHQW7D[DVVHWV1HW

7UDGHUHFHLYDEOHV
1HWVHWWOHGGHULYDWLYHOLDELOLWLHV
'HSRVLWV
'HEWVHFXULWLHV
7RWDOXQGLVFRXQWHG¿QDQFLDOOLDELOLWLHV
1HWXQGLVFRXQWHG¿QDQFLDODVVHWV
OLDELOLWLHV
7KH &RPSDQ\¶V FRQWLQJHQW OLDELOLWLHV DQG FRPPLWPHQWV (DFK XQGUDZQ ORDQ FRPPLWPHQW LV LQFOXGHG LQ WKH WLPH EDQG
FRQWDLQLQJWKHHDUOLHVWGDWHLWFDQEHGUDZQGRZQ)RULVVXHG¿QDQFLDOJXDUDQWHHFRQWUDFWVWKHPD[LPXPDPRXQWRIWKH
JXDUDQWHHLVDOORFDWHGWRWKHHDUOLHVWSHULRGLQZKLFKWKHJXDUDQWHHFRXOGEHFDOOHG
36.2.7 Market Risk
0DUNHW WKH ULVN WKDW WKH IDLU YDOXH RU IXWXUH FDVK ÀRZV RI ¿QDQFLDO LQVWUXPHQWV ZLOO ÀXFWXDWH GXH WR FKDQJHV LQ PDUNHW
YDULDEOHVVXFKDVLQWHUHVWUDWHVIRUHLJQH[FKDQJHUDWHVDQGHTXLW\SULFHV7KH&RPSDQ\FODVVL¿HVH[SRVXUHVWRPDUNHW
ULVNLQWRHLWKHUWUDGLQJRUQRQ±WUDGLQJSRUWIROLRVDQGPDQDJHVHDFKRIWKRVHSRUWIROLRVVHSDUDWHO\1RQ±WUDGLQJSRVLWLRQV
DUHPDQDJHGDQGPRQLWRUHGXVLQJRWKHUVHQVLWLYLW\DQDO\VLV


36.2.7.1 Total Market Risk Exposure

Particulars
Carrying Traded Non-trad- &DUU\LQJ 7UDGHG 1RQWUDGHG &DUU\LQJ 7UDGHG 1RQWUDGHG Primary risk
amount risk ed risk amount ULVN ULVN amount ULVN ULVN sensitivity
Assets
&DVKDQGFDVKHTXLY 348.91 - 348.91 ,QWHUHVWUDWH
DOHQWDQGRWKHUEDQN
EDODQFHV
)LQDQFLDODVVHWVDW 1,026.84 - 1,026.84 ,QWHUHVW
)973/ UDWH);DQG
(TXLW\SULFH
,QWHUHVWUDWH
'HEWVHFXULWLHVGHV - - - ,QWHUHVWUDWH

LJQDWHGDWIDLUYDOXH
WKURXJKSUR¿WDQGORVV
/RDQV - - - ,QWHUHVWUDWH
7UDGHUHFHLYDEOHV - - - ,QWHUHVWUDWH
)LQDQFLDOLQYHVWPHQWV± - - - ,QWHUHVWUDWH

)92&, );
)LQDQFLDOLQYHVWPHQWV± 210,182.57 - ,QWHUHVWUDWH

DPRUWLVHGFRVW 210,182.57
Total 211,558.32 -

211,558.32
Liabilities
%RUURZLQJVRWKHUWKDQ 38,058.74 - 38,058.74 ,QWHUHVWUDWH
'HEW6HFXULWLHV
)LQDQFLDOOLDELOLWLHVDW - - - ,QWHUHVWUDWH

)973/
'HSRVLWV 1,802.48 - 1,802.48 ,QWHUHVWUDWH
'HEW6HFXULWLHV - - - ,QWHUHVWUDWH
7UDGHSD\DEOHV 1,003.35 - 1,003.35 ,QWHUHVWUDWH
2WKHUOLDELOLWLHV 14,226.67 - 14,226.67 ,QWHUHVWUDWH
7RWDO 55,091.23 - 55,091.23
36.2.8 Operational risk

2SHUDWLRQDO ULVN LV WKH ULVN RI ORVV UHVXOWLQJ IURP LQDGHTXDWH RU IDLOHG LQWHUQDO SURFHVVHV SHRSOH DQG V\VWHPV RU IURP
H[WHUQDOHYHQWV7KLVULVNVKDOODOVRLQFRUSRUDWHSRVVLEOHFDXVHVRIORVVUHVXOWLQJIURPUHJXODWRU\QRQFRPSOLDQFHV7KH
PDLQ VRXUFHV RI RSHUDWLRQDO ULVN DUH 3URFHVV GHVLJQ (PSOR\HHV (TXLSPHQW ,QIRUPDWLRQ WHFKQRORJ\ 3K\VLFDO ULVN
UHJXODWRU\QRQFRPSOLDQFH)LGXFLDU\HWF

37. Capital
7KH &RPSDQ\ PDLQWDLQV DQ DFWLYHO\ PDQDJHG FDSLWDO EDVH WR FRYHU ULVNV LQKHUHQW LQ WKH EXVLQHVV DQG LV PHHWLQJ WKH
FDSLWDODGHTXDF\UHTXLUHPHQWVRIWKHORFDOEDQNLQJVXSHUYLVRU5HVHUYH%DQNRI,QGLD5%,RI,QGLD7KHDGHTXDF\RIWKH
&RPSDQ\¶VFDSLWDOLVPRQLWRUHGXVLQJDPRQJRWKHUPHDVXUHVWKHUHJXODWLRQVLVVXHGE\5%,
&RPSDQ\KDVFRPSOLHGLQIXOOZLWKDOOLWVH[WHUQDOO\LPSRVHGFDSLWDOUHTXLUHPHQWVRYHUWKHUHSRUWHGSHULRG
37.1 Capital Management
7KH SULPDU\ REMHFWLYHV RI WKH &RPSDQ\¶V FDSLWDO PDQDJHPHQW SROLF\ DUH WR HQVXUH WKDW WKH &RPSDQ\ FRPSOLHV ZLWK
H[WHUQDOO\LPSRVHGFDSLWDOUHTXLUHPHQWVDQGPDLQWDLQVVWURQJFUHGLWUDWLQJVDQGKHDOWK\FDSLWDOUDWLRVLQRUGHUWRVXSSRUW
LWVEXVLQHVVDQGWRPD[LPL]HVKDUHKROGHUYDOXH
7KH&RPSDQ\PDQDJHVLWVFDSLWDOVWUXFWXUHDQGPDNHVDGMXVWPHQWVWRLWDFFRUGLQJWRFKDQJHVLQHFRQRPLFFRQGLWLRQV
DQGWKHULVNFKDUDFWHULVWLFVRILWVDFWLYLWLHV,QRUGHUWRPDLQWDLQRUDGMXVWWKHFDSLWDOVWUXFWXUHWKH&RPSDQ\PD\DGMXVWWKH
DPRXQWRIGLYLGHQGSD\PHQWWRVKDUHKROGHUVUHWXUQFDSLWDOWRVKDUHKROGHUVRULVVXHFDSLWDOVHFXULWLHV1RFKDQJHVKDYH
EHHQPDGHWRWKHREMHFWLYHVSROLFLHVDQGSURFHVVHVIURPWKHSUHYLRXV\HDUV+RZHYHUWKH\DUHXQGHUFRQVWDQWUHYLHZE\
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&RQWULEXWLRQWRZDUGSURYLGHQWIXQGSODQIRUDOOHPSOR\HHVLVPDGHWRUHJXODWRU\DXWKRULWLHVZKHUHWKH&RPSDQ\KDV
QRIXUWKHUREOLJDWLRQV6XFKEHQH¿WVDUHFODVVL¿HGDV'H¿QG&RQWULEXWLRQ6FKHPHDVWKH&RPSDQ\GRHVQRWFDUU\
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7KH&RPSDQ\KDVDGH¿QHGEHQH¿WJUDWXLW\SODQLQ,QGLDIXQGHG7KH&RPSDQ\¶VGH¿QHGEHQH¿WJUDWXLW\SODQLV

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7KHJUDWXLW\SODQLVJRYHUQHGE\WKH3D\PHQWRI*UDWXLW\$FW8QGHUWKHDFWHPSOR\HHZKRKDVFRPSOHWHG
¿YH\HDUVRIVHUYLFHLVHQWLWOHGWRVSHFL¿FEHQH¿W7KHOHYHORIEHQH¿WVSURYLGHGGHSHQGVRQWKHPHPEHU¶VOHQJWKRI
VHUYLFHDQGVDODU\DWUHWLUHPHQWDJH7KHIXQGKDVWKHIRUPRIDWUXVWDQGLWLVJRYHUQHGE\WKH%RDUGRI7UXVWHHV
ZKLFKFRQVLVWVRIDQHTXDOQXPEHURIHPSOR\HUDQGHPSOR\HHUHSUHVHQWDWLYHV7KH%RDUGRI7UXVWHHVLVUHVSRQVLEOH
IRUWKHDGPLQLVWUDWLRQRIWKHSODQDVVHWVDQGIRUWKHGH¿QLWLRQRIWKHLQYHVWPHQWVWUDWHJ\
(DFK \HDU WKH %RDUG RI 7UXVWHHV UHYLHZV WKH OHYHO RI IXQGLQJ LQ WKH ,QGLD JUDWXLW\ SODQ 6XFK D UHYLHZ LQFOXGHV
WKH DVVHWOLDELOLW\ PDWFKLQJ VWUDWHJ\ DQG LQYHVWPHQW ULVN PDQDJHPHQW SROLF\ 7KLV LQFOXGHV HPSOR\LQJ WKH XVH RI
DQQXLWLHV DQG ORQJHYLW\ VZDSV WR PDQDJH WKH ULVNV7KH %RDUG RI7UXVWHHV GHFLGHV LWV FRQWULEXWLRQ EDVHG RQ WKH
UHVXOWVRIWKLVDQQXDOUHYLHZ7KH%RDUGRI7UXVWHHVDLPWRNHHSDQQXDOFRQWULEXWLRQVUHODWLYHO\VWDEOHDWDOHYHOVXFK
WKDWQRSODQGH¿FLWVEDVHGRQYDOXDWLRQSHUIRUPHGZLOODULVH

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loss and the funded status and amounts recognised in the balance sheet for the respective plans:
$ &KDQJHVLQWKHGH¿QHGEHQH¿WREOLJDWLRQDQGIDLUYDOXHRISODQDVVHWV
Gratuity
As on March 31, 2019 $VRQ0DUFK
Particulars 'H¿QHG Fair value 'H¿QHG )DLUYDOXH
%HQH¿WV %HQH¿WV
EHQH¿WV of plan EHQH¿WV RISODQ
liability OLDELOLW\
obligation assets REOLJDWLRQ assets
*UDWXLW\FRVWFKDUJHGWRSUR¿W ORVV
3UHVHQWYDOXHRI'%2DWWKHEHJLQQLQJRIWKH\HDU 147.72 125.10 (22.62)
6HUYLFH&RVW 13.38 - (13.38)
1HWLQWHUHVWH[SHQVH 9.39 - (9.39)
6XEWRWDOLQFOXGHGLQSUR¿W ORVV 22.77 - (22.77)
%HQH¿WVSDLG (44.94) (44.94) -
5HPHDVXUHPHQWJDLQVORVVHVLQRWKHU - -
comphrensive income
5HWXUQRQSODQDVVHWVH[FOXGLQJDPRXQWV - 8.55 8.55
LQFOXGHGLQQHWLQWHUHVWH[SHQVHV
$FWXDULDOFKDQJHVDULVLQJIURPFKDQJHVLQ - - -
GHPRJUDSKLFDVVXPSWLRQV
$FWXDULDOFKDQJHVDULVLQJIURPFKDQJHVLQ 2.68 (2.68)
¿QDQFLDODVVXPSWLRQV
5HWXUQRQSODQDVVHWVJUHDWHUOHVVHUWKDQ - 7.67 7.67
GLVFRXQWUDWH
([SHULHQFHDGMXVWPHQWV (11.20) - 11.20
6XEWRWDOLQFOXGHGLQ2&, - - -
&RQWULEXWLRQVE\HPSOR\HU - 22.62 22.62
Present value of DBO at the end of the year 117.03 119.00 1.97
Leave Encashment
As on March 31, 2019 $VRQ0DUFK
Particulars 'H¿QHG Fair value 'H¿QHG )DLUYDOXH
%HQH¿WV %HQH¿WV
EHQH¿WV of plan EHQH¿WV RISODQ
liability OLDELOLW\
obligation assets REOLJDWLRQ assets
/HDYH(QFDVKPHQWFRVWFKDUJHGWRSUR¿W
loss
3UHVHQWYDOXHRI'%2DWWKHEHJLQQLQJRIWKH\HDU 74.77 - 74.77
6HUYLFH&RVW 10.49 - 10.49
1HWLQWHUHVWH[SHQVH 4.74 - 4.74
6XEWRWDOLQFOXGHGLQSUR¿W ORVV 15.23 - 15.23
%HQH¿WVSDLG (23.25) - (23.25)
5HPHDVXUHPHQWJDLQVORVVHVLQRWKHU - -
comphrensive income
5HWXUQRQSODQDVVHWVH[FOXGLQJDPRXQWV - - -
LQFOXGHGLQQHWLQWHUHVWH[SHQVHV
$FWXDULDOFKDQJHVDULVLQJIURPFKDQJHVLQ 1.01 - 1.01
GHPRJUDSKLFDVVXPSWLRQV
$FWXDULDOFKDQJHVDULVLQJIURPFKDQJHVLQ - - -
¿QDQFLDODVVXPSWLRQV
([SHULHQFHDGMXVWPHQWV 1.09 - 1.09
6XEWRWDOLQFOXGHGLQ2&, - - -
&RQWULEXWLRQVE\HPSOR\HU - - -
Present value of DBO at the end of the year 68.85 - 68.85


(B) Major Category of Plan asset as percentage of total plan asset
Gratuity Leave Encashment

Investments quoted in active markets: March 31, 0DUFK $SULO March 31, 0DUFK $SULO
2019 2019
4XRWHGHTXLW\LQYHVWPHQWV -
0DQXIDFWXULQJDQGFRQVXPHUSURGXFWVVHFWRU -
7HOHFRPVHFWRU -
&DVKDQGFDVKHTXLYDOHQWV -
8QTXRWHGLQYHVWPHQWV -
%RQGVLVVXHGE\,QGLD*RYHUQPHQW -
6FKHPHRI,QVXUDQFH&RQYHQWLRQDO3URGXFWV 100.00%
Total 100.00%
7KHFXUUHQWVHUYLFHFRVWDQGQHWLQWHUHVWH[SHQVHIRUWKH\HDUSHUWDLQLQJWR*UDWXLW\H[SHQVHVKDYHEHHQUHFRJQLVHGLQ³*UDWXLW\
DQGFRPSHQVDWHGDEVHQFHVH[SHQVHV´7KHUHPHDVXUHPHQWVRIWKHQHWGH¿QHGEHQH¿WOLDELOLW\DUHLQFOXGHGLQ6WDWHPHQWRI3UR¿W
DQG/RVVDQG2WKHU&RPSUHKHQVLYH,QFRPHLQ6WDWHPHQWRIFKDQJHLQ(TXLW\
(C)
Expected payment for future years March 31, 0DUFK $SULO March 31, 0DUFK $SULO
2019 2019
:LWKLQWKHQH[WPRQWKVQH[WDQQXDO 12.74
UHSRUWLQJSHULRG
%HWZHHQDQG\HDUV 62.35
%HWZHHQDQG\HDUV 155.04
%H\RQG\HDUV -
Total expected payments 230.13
(D) Changes in Fair Value of Plan Assets:

March 31, 0DUFK $SULO March 31, 0DUFK $SULO
2019 2019
3ODQ$VVHWDWWKHEHJLQQLQJRIWKH<HDU 125.10
$VVHW$FTXLUHGLQ%XVLQHVV&RPELQDWLRQ -
([SHFWHG5HWXUQRQ3ODQ$VVHW 8.55
5HPHDVXUHPHQW*DLQ/RVVRQ3ODQ$VVHWV 7.67
$FWXDO&RPSDQ\&RQWULEXWLRQV 22.62
%HQH¿WV3DLG (44.94)
2WKHUV -
Plan Asset at the end of the Year 119.00


(E) Actuarial Assumptions
Financial Assumption

,PSDFWRQGH¿QHGEHQH¿WVREOLJDWLRQV March 31, 0DUFK $SULO March 31, 0DUFK $SULO
2019 2019
'LVFRXQW5DWH 7.10% 7.10%
6DODU\(VFDODWLRQ 8.00% 8.00%
Demographic Assumption
,PSDFWRQGH¿QHGEHQH¿WVREOLJDWLRQV March 31, 0DUFK $SULO March 31, 0DUFK $SULO
2019 2019
0RUWDOLW\UDWH Indian ,QGLDQ ,QGLDQ Indian ,QGLDQ ,QGLDQ
Assured $VVXUHG $VVXUHG Assured $VVXUHG $VVXUHG
Lives /LYHV /LYHV Lives /LYHV /LYHV
Mortality 0RUWDOLW\ 0RUWDOLW\ Mortality 0RUWDOLW\ 0RUWDOLW\
(2006-08) (2006-08)
Ult. 8OW 8OW Ult. 8OW 8OW
:LWKGUDZDO5DWH 18-35 years: 18-35
20% \HDUV \HDUV years: \HDUV \HDUV
36-45 years: 20%
15% \HDUV 36-45 \HDUV \HDUV
46 and DQG \HDUV years: DQG DQG
above: 5% DERYH 15% DERYH DERYH
DQG 46 and
DERYH above: 5%
Sensitivity Analysis
7KH VHQVLWLYLW\ DQDO\VLV EHORZ KDV EHHQ GHWHUPLQHG EDVHG RQ UHDVRQDEO\ SRVVLEOH FKDQJH RI WKH UHVSHFWLYH
DVVXPSWLRQV RFFXUULQJ DW WKH HQG RI WKH UHSRUWLQJ SHULRG ZKLOH KROGLQJ DOO RWKHU DVVXPSWLRQV FRQVWDQW 7KHVH
VHQVLWLYLWLHVVKRZWKHK\SRWKHWLFDOLPSDFWRIDFKDQJHLQHDFKRIWKHOLVWHGDVVXPSWLRQVLQLVRODWLRQ:KLOHHDFKRI
WKHVHVHQVLWLYLWLHVKROGVDOORWKHUDVVXPSWLRQVFRQVWDQWLQSUDFWLFHVXFKDVVXPSWLRQVUDUHO\FKDQJHLQLVRODWLRQDQG
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,PSDFWRQGH¿QHGEHQH¿WVREOLJDWLRQs March 31, 2019 0DUFK $SULO
Discount Rate
,QFUHDVHE\ (3.34)
'HFUHDVHE\ 3.54
Future salary increases -
,QFUHDVHE\ 3.50
'HFUHDVHE\ (3.33)
Risk Analysis
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Salary Growth Rate
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6DODU\LQFUHDVHFRQVLGHUHG#$VVXFKDQLQFUHDVHLQWKHVDODU\RIWKHSODQSDUWLFLSDQWVZLOOLQFUHDVHWKHSODQ¶V
OLDELOLW\


Demographic Risk
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EHFDVXHLQWKH¿QDQFLDODQDO\VLVWKHUHWLUHPHQWEHQH¿WRIVKRUWFDUUHHUHPSOR\HHW\SLFDOO\FRVWVOHVVSHU\HDUDV
FRPSDUHHGWRORQJVHUYLFHHPSOR\HH
Interest rate risks
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39. Revenue from Contract with Customers

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ORVVDFFRXQW
For year ended March 31, 2019
Particulars Interest Support Other
Total
Income Service Income
Type of Services or service
,QWHUHVWRQ,&' 16.54 - - 16.54
,QWHUHVWRQ&&'1&' 342.15 - - 342.15
6XSSRUW6HUYLFH,QFRPH - 2,330.46 - 2,330.46
,QFRPHIURPDUELWUDJH WUDGLQJ - - - -
3UR¿WRQ6DOH5HGHPSWLRQRI,QYHVWPHQWV - - 13.53 13.53
3UR¿WRQ6DOHRI)L[HG$VVHWV - - 4.66 4.66
Total revenue from contracts with customers 358.69 2,330.46 18.20 2,707.34
Geographical markets
,QGLD 358.69 2,330.46 18.20 2,707.34
2XWVLGH,QGLD - - - -
Total revenue from contracts with customers 358.69 2,330.46 18.20 2,707.34
Timing of revenue recognition
6HUYLFHVWUDQVIHUUHGDWDSRLQWLQWLPH - - 13.53 13.53
6HUYLFHVWUDQVIHUUHGRYHUWLPH 358.69 2,330.46 - 2,689.15
Total revenue from Contracts with Customer

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Timing of revenue recognition
6HUYLFHVWUDQVIHUUHGDWDSRLQWLQWLPH
6HUYLFHVWUDQVIHUUHGRYHUWLPH
Total revenue from Contracts with Customers

Contract Balances
Particulars March 31, 2019 March 31, 2018 April 1, 2017
7UDGHUHFHLYDEOH 763.51
Revenue recognised in the period from:

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40.1 Exemptions Applied
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4. Employees Stock Option Scheme
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40.2 Estimates
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Equity reconciliation for April 1, 2017 (Amount in ` lakhs, unless otherwise stated)
Previous
Particulars Adjustments Ind AS
GAAP
Financial Assets
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7UDGH5HFHLYDEOHV
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Total(A)
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2WKHUQRQ¿QDQFLDODVVHWV
Total(B)
Total(A+B)
Liabilities and equity
Liabilities
3D\DEOHV
'HEWVHFXULWLHV
'XHWRFXVWRPHUV
Total(A)


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Total(B)
Total Liabilities
Equity attributable to shareholders of parent
Non- controlling interest
Preference Share
Other equity
Total equity
Total liabilities and equity
Equity reconciliation for March 31, 2018

Previous
GAAP
Financial Assets
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%DQN%DODQFHRWKHUWKDQFDVKDQGFDVKHTXLYDOHQWV
/RDQV
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Total(A)
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Total(B)
Total(A+B)
Liabilities and equity
Liabilities
3D\DEOHV
'HEWVHFXULWLHV
'XHWRFXVWRPHUV
Total(A)


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Total(B)
Total Liabilities
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Revenue from operations
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Total revenue from operations
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Total comprehensive income
40.5.1 Ind AS impact on Income Statements
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41. Earnings per share
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A. Continuing operations (Amount in ` lakhs, unless otherwise stated)

Particulars 2018-19
1HWSUR¿WIURPFRQWLQXHGRSHUDWLRQDWWULEXWDEOHWRHTXLW\KROGHUVRIWKHSDUHQW (14,611.22)
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Particulars 2018-19
:HLJKWHGDYHUDJHQXPEHURIRUGLQDU\VKDUHVIRUEDVLFHDUQLQJVSHUVKDUH 210,721,468
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42. Maturity analysis of assets and liabilities
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Particulars Within 12 After 12 :LWKLQ $IWHU :LWKLQ $IWHU
Total 7RWDO 7RWDO
months months months months months months
Assets
&DVKDQGFDVKHTXLYDOHQWV 344.51 - 344.51
%DQN%DODQFHRWKHUWKDQ 4.40 1.00 5.40
DERYH
6HFXULW\'HSRVLW 660.88 660.88
/RDQV - - -
,QYHVWPHQWV 265.49 210,943.92 211,209.41
2WKHU)LQDQFLDO$VVHWV 1,682.14 1,682.14
1RQ¿QDQFLDO$VVHWV
&XUUHQW7D[$VVHW1HW 5,472.11 - 5,472.11
'HIHUUHG7D[$VVHWV1HW 173.56 - 173.56
3URSHUW\3ODQWDQG(TXLSPHQW - 108.64 108.64
2WKHU,QWDQJLEOHDVVHWV - 39.04 39.04
2WKHU1RQ)LQDQFLDO$VVHWV 438.79 1,064.22 1,503.01
Total Assets 9,041.88 212,156.82 221,198.70
LIABILITIES
Trade Payables
L7RWDORXWVWDQGLQJGXHV 1,003.35 - 1,003.35
PLFURHQWHUSULVHVDQGVPDOO
HQWHUSULVHV
%RUURZLQJV2WKHUWKDQGHEW 38,058.74 - 38,058.74
VHFXULWLHV
'HSRVLWV 1,802.48 - 1,802.48
2WKHU¿QDQFLDOOLDELOLWLHVWREH 14,226.67 - 14,226.67
VSHFL¿HG
&XUUHQWWD[OLDELOLW\ - - -
3URYLVLRQV 68.85 - 68.85
'HIHUUHGWD[OLDELOLWLHVQHW - - -
2WKHU1RQ)LQDQFLDO$VVHWV
Total liabilities 55,283.41 - 55,283.41
Net (46,241.53) 212,156.82 165,915.30

43. Related Party Disclosures

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43.1 (b) -Following transactions were carried out with related parties in the ordinary course of business at arm’s length
basis:
RP Year Ended <HDU(QGHG
Nature of Transactions Name of the Related Party
Type March 31, 2019 0DUFK
Inter Corporate Loans taken
5+&+ROGLQJ3ULYDWH/LPLWHG H
5*$0,QYHVWPHQW$GYLVHUV3ULYDWH/LPLWHG DL -
5HOLJDUH&RPWUDGH/LPLWHG DLL 4,500.00
5HOLJDUH)LQYHVW/LPLWHG DL -
Inter Corporate Loans taken Total 4,500.00
Inter Corporate Loans repaid
Inter Corporate Loans repaid Total 21,271.12
,VVXHRI&RPPHUFLDO3DSHUQHW
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Issue of Commercial Paper (net) Total -
5HGHPSWLRQRI&RPPHUFLDO3DSHU 5HOLJDUH)LQYHVW/LPLWHG DL -
Redemption of Commercial Paper Total -
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5HOLJDUH%URNLQJ/LPLWHGIRUPHUO\NQRZQDV -
5HOLJDUH6HFXULWLHV/LPLWHG
Inter Corporate Loans Given Total -
,QWHU&RUSRUDWH/RDQV5HFHLYHG%DFN
5HOLJDUH&RPWUDGH/LPLWHG DLL 269.00
5HOLJDUH%URNLQJ/LPLWHGIRUPHUO\NQRZQDV H 35.00
&HUHVWUD$GYLVRUV/WG)RUPHUO\NQRZQDV DLL -
5HOLJDUH)LQDQFH/LPLWHG
Inter Corporate Loans Received Back Total 304.00
&RUSRUDWH*XDUDQWHHJLYHQRQEHKDOIRI
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5HOLJDUH%URNLQJ/LPLWHGIRUPHUO\NQRZQDV DL 5,000.00
Corporate Guarantee given on behalf of 5,000.00
subsidiaries Total
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5HOLJDUH+HDOWK,QVXUDQFH&RPSDQ\/LPLWHG DL 4,985.93
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5HOLJDUH&RPWUDGH/LPLWHG1&' DLL 2,500.00
5HOLJDUH&RPWUDGH/LPLWHG&RQYHUVLRQRI DLL 212.67
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the Company Total
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Composite Scheme of Arrangement Total
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Issue of Bonus Shares Total -
3UHIHUHQWLDO$OORWPHQW:DUUDQWV
0U$VKRN0HKWD G 2,500.00
3UHIHUHQWLDO$OORWPHQW:DUUDQWV 2,500.00


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Repayment of liabilities to other parties for -
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the Composite Scheme of Arrangement
Total
3D\PHQW3DLGDJDLQVWWKHUHFRYHUDEOHE\
9LUWXHRI0HUJHU
5HOLJDUH%URNLQJ/LPLWHGIRUPHUO\NQRZQDV DL 5,375.76
Payment Paid against the recoverable by 5,375.76
Virtue of Merger Total
6DOHRI,QYHVWPHQWLQ(TXLW\6KDUHV
&RPPHUFLDO3DSHUV
6DOHRI,QYHVWPHQWLQ(TXLW\6KDUHV -
Commercial Papers Total
2WKHU5HFHLSW3D\PHQW$GMXVWPHQWV
Inter Corporate Loans Repaid 5HOLJDUH&RPWUDGH/LPLWHG DLL (1,490.00)
Payment made against the recoverable by 5HOLJDUH%URNLQJ/LPLWHGIRUPHUO\NQRZQDV DL (1,375.76)
Virtue of Merger 5HOLJDUH6HFXULWLHV/LPLWHG
Repayment of ICD by RBL on behalf of REL 5HOLJDUH&RPWUDGH/LPLWHG DLL 1,490.00
(Knocking of Intercompany Asset and
liabilities)
Repayment of interest by RBL on behalf of 5HOLJDUH&RPWUDGH/LPLWHG DLL 72.70
REL
(Knocking of Intercompany Asset and
liabilities)
2WKHU5HFHLSW3D\PHQW$GMXVWPHQWV7RWDO (1,303.06)
Repayment of Security Deposits Received
(for appointment of directors) Total
5HOLJDUH&DSLWDO0DUNHWV,QGLD/LPLWHG DL -
5HOLJDUH+HDOWK,QVXUDQFH&RPSDQ\/LPLWHG DL -
Security Deposits Given (for appointment -
of directors) Total
5HIXQGRI6HFXULW\'HSRVLWV*LYHQIRU
DSSRLQWPHQWRIGLUHFWRUV
5HOLJDUH&DSLWDO0DUNHWV/LPLWHG DL -


Refund of Security Deposits Given (for -
appointment of directors) Total
6HFXULW\'HSRVLWV3DLG5HIXQGHG
5HOLJDUH&RPPRGLWLHV/LPLWHG DLL -
6HFXULW\'HSRVLWV3DLG5HIXQGHG7RWDO -
Reimbursement of Statutory Liabilities (on
behalf of employee)
65//LPLWHG H -
Reimbursement of Statutory Liabilities (on -
behalf of employee) Total
,QVXUDQFH3UHPLXP+HDOWK7UDYHO
,QVXUDQFH3UHPLXP+HDOWK7UDYHO7RWDO -
$GYDQFHJLYHQIRU6HWWOHPHQWRI&RUSRUDWH
*XDUDQWHH
Advance given for Settlement of Corporate -
Guarantee Total
,QWHUHVW,QFRPHRQ,QWHU&RUSRUDWH/RDQV
$156HFXULWLHV/LPLWHG H -
5HOLJDUH&DSLWDO0DUNHW/LPLWHG DL -
5HOLJDUH%URNLQJ/LPLWHGIRUPHUO\NQRZQDV DL 2.07
/LJDUH$YLDWLRQ/LPLWHG H -
Interest Income on Inter Corporate Loans 16.54
Total
Notional Income ( As per INDAS)
1RWLRQDO,QFRPHRQFRUSRUDWH*XDUDQWHH 5HOLJDUH%URNLQJ/LPLWHG DL -
1RWLRQDO,QFRPHRQFRUSRUDWH*XDUDQWHH -
7RWDO
Support Service Income
5HOLJDUH&RPPRGLWLHV/LPLWHG DLL 36.31
5HOLJDUH)LQYHVW/LPLWHG DL 1,393.82
5HOLJDUH+HDOWK,QVXUDQFH&RPSDQ\/LPLWHG DL 297.10


Support Service Income Total 2,306.87
Rental Income 5HOLJDUH&RPPRGLWLHV/LPLWHG DLL -
5HOLJDUH+RXVLQJ'HYHORSPHQW)LQDQFH DLL -
&RUSRUDWLRQ/LPLWHG
5HOLJDUH:HDOWK0DQDJHPHQW/LPLWHG DLL -
Rental Income Total -
,QWHUHVW,QFRPHRQ&RPPHUFLDO3DSHUV
Interest Income on Commercial Papers -
Total
,QWHUHVW,QFRPHRQ'HEHQWXUH&&'1&' 5HOLJDUH&RPWUDGH/LPLWHG DLL 342.15
,QWHUHVW,QFRPHRQ'HEHQWXUH&&'1&' 342.15
Total
$OORFDWLRQRI([SHQVHV 5HOLJDUH%URNLQJ/LPLWHGIRUPHUO\NQRZQDV DL 17.03
5HOLJDUH)LQYHVW/LPLWHG DL 327.87
5HOLJDUH+RXVLQJ'HYHORSPHQW)LQDQFH DLL -
&RUSRUDWLRQ/LPLWHG
Allocation of Expenses Total 348.89
5HQW([SHQVHV DL
5HOLJDUH)LQYHVW/LPLWHG -
Rent Expenses Total 0.60
Purchased of Fixed Asset
5HOLJDUH)LQYHVW/LPLWHG a (i) 0.00
0.00
Sale of Fixed Asset
5HOLJDUH)LQYHVW/LPLWHG a (i) 0.15
0.15
Director Sitting Fees
0U0DOYLQGHU0RKDQ6LQJK G -
0U6KLYLQGHU0RKDQ6LQJK G -


0U9LNUDP7DOZDU G 14.00
0V6DELQD9DLVRKD G 14.00
0U0DOD\.XPDU6LQKD G 30.40
0U'HHSDN6DEQDQL G 1.00
0U5.6KHWW\ G 4.00
0U3DGDP%HKDO G 1.00
0U6XVKLO&KDQGUD7ULSDWKL G 19.20
0UV9LMD\DODNVKPL5DMDUDP,\HU G 29.40
0V5DVKPL6DOXMD G 5.20
Director Sitting Fees Total 118.20
Interest Expense on ICD’s taken
Interest Expense on ICD’s taken total 3,633.45
Amortised Discount of Commercial Paper
Amortised Discount of Commerical Paper -
Total
([SHQVHV5HLPEXUVHPHQWE\2WKHU
&RPSDQLHV5HFRYHU\RI([SHQVHV
5HOLJDUH+RXVLQJ'HYHORSPHQW)LQDQFH DLL 1.07
&RUSRUDWLRQ/LPLWHG
65//LPLWHG6XSHU5HOLJDUH/DERUDWRULHV H -
/WG
5HOLJDUH&UHGLW$GYLVRUV3ULYDWH/LPLWHG DL -
5+&+ROGLQJ3ULYDWH/LPLWHG H -
'LRQ*OREDO6ROXWLRQV/LPLWHG H -
Expenses Reimbursement by Other 205.05
Companies Total
Depository Expenses 5HOLJDUH%URNLQJ/LPLWHGIRUPHUO\NQRZQDV DL 0.04
Depository Expenses Total 0.04
5HPXQHUDWLRQWR.H\0DQDJHULDO3HUVRQQHO 0U0DQLQGHU6LQJK G -
0U6XQLO*RGKZDQL G -
0U6KDFKLQGUD1DWK G -


0U$QLO6D[HQD G -
0U6XEUDPDQLDQ/DNVKPLQDUD\QDQ G -
0U.ULVKQDQ6XEUDPDQLDQ G 75.00
0U)UDQFLV'DQLDO/HH G -
0U0LOLQG3DWHO G 295.24
Remuneration to Key Managerial Personnel 370.24
Total
Contribution to Gratuity Trust
5HOLJDUH(QWHUSULVHV/LPLWHG*URXS*UDWXLW\ 22.62
7UXVW
22.62
Outstanding Balances (Amount in ` lakhs, unless otherwise stated)

RP Year Ended <HDU(QGHG <HDU(QGHG
Type March31, 2019 0DUFK 0DUFK
3D\DEOH/LDELOLWLHV
,QWHU&RUSRUDWH/RDQV 5&1XUVHU\3ULYDWH/LPLWHG H
Unsecured Loans Total 28,046.93
Commercial Papers (Net)
5HOLJDUH&RPWUDGH/LPLWHG DL -
5HOLJDUH&RPPRGLWLHV/LPLWHG DL -
-
Non Convertible Debentures
5HOLJDUH*OREDO$VVHW DL -
0DQDJHPHQW,QF%RQGV
-
Redemption of Non convertible 5HOLJDUH*OREDO$VVHW -
Debentures Bonds (Including 0DQDJHPHQW,QF%RQGV
exchange impact)
-
Interest on Non Convertible
Debentures
-
,QWHUHVWRQ,QWHU&RUSRUDWH/RDQV
5HOLJDUH&RPWUDGH/LPLWHG DL 1,606.86
Interest on Inter Corporate Loans 3,961.54
Total
Security Deposit Payable 5HOLJDUH&DSLWDO0DUNHWV/LPLWHG DL 2.30


5HOLJDUH&RPPRGLWLHV/LPLWHG DL 621.65
Security Deposit Payable Total 1,802.48
Trade Payables 5HOLJDUH6XSSRUW6HUYLFHV DL
/LPLWHG
Total Trade Payable 211.17
2WKHU3D\DEOHV
0U6KLYLQGHU0RKDQ6LQJK G -
/LJDUH$YLDWLRQ/LPLWHG H -
)LQVHUYH6KDUHG6HUYLFHV H -
/LPLWHG
0U6XUDWK6LQJK G -
Other Payables Total 422.33
Other Financial Liability
5HOLJDUH%URNLQJ/LPLWHG DL 1,041.22
IRUPHUO\NQRZQDV5HOLJDUH
6HFXULWLHV/LPLWHG
1,041.22
Receivable
Investments (Debentures)
&&'
1&'
Investments (Debentures) Total -
,QWHU&RUSRUDWH'HSRVLWV,&'
/RDQ5HFHLYDEOH /LJDUH$YLDWLRQ/LPLWHG -
5HOLJDUH$UWV,QLWLDWLYH/LPLWHG DL -
&HUHVWUD$GYLVRUV/LPLWHG DLL -
5HOLJDUH&DSLWDO0DUNHWV/LPLWHG DL 225.00
5HOLJDUH%URNLQJ/LPLWHG DL -
6HFXULWLHV/LPLWHG
5HOLJDUH$UW)XQG3UDWKDP DLL
Inter Corporate Loans (ICD) Total 225.00
,QWHUHVW5HFHLYDEOH 5DQFKHP3ULYDWH/LPLWHG
5HOLJDUH&DSLWDO0DUNHW/LPLWHG DL 15.26
5HOLJDUH%URNLQJ/LPLWHG DLL -
6HFXULWLHV/LPLWHG
$156HFXULWLHV3ULYDWH/LPLWHG DLL -


/LJDUH$YLDWLRQ/LPLWHG DL -
&HUHVWUD$GYLVRUV/LPLWHG DLL -
Interest Receivable Total 15.26
&RUSRUDWH*XDUDQWHH
5HOLJDUH&DSLWDO0DUNHW/LPLWHG DL 1,326.50
Advance given for Settlement of 1,326.50
Corporate Guarantee Total
2WKHU5HFHLYDEOHV 5HOLJDUH%URNLQJ/LPLWHG DL 273.48
6HFXULWLHV/LPLWHG
5HOLJDUH)LQYHVW/LPLWHG -
5HOLJDUH$GYLVRUV/LPLWHG DLL 29.95
)RUPHUO\5HOLJDUH:HDOWK
0DQDJHPHQW/LPLWHG
5HOLJDUH&DSLWDO0DUNHWV/LPLWHG DL 312.43
5HOLJDUH+HDOWK,QVXUDQFH DL 47.33
&RPSDQ\/LPLWHG
5HOLJDUH+RXVLQJ'HYHORSPHQW DL 1.15
)LQDQFH&RUSRUDWLRQ/LPLWHG
'LRQ*OREDO6ROXWLRQV/LPLWHG H -
&HUHVWUD$GYLVRUV3ULYDWH DL -
/LPLWHG
)LQVHUYH6KDUHG6HUYLFHV H -
/LPLWHG
Receivables Total 696.20
1) All outstanding Equity and Preference Capital contributions are not shown. Movements during the year are disclosed
above as transactions during the year.
2)* During the quarter Income tax refund of ` 1,375.75 Lakhs received by RBL the same was adjusted against liability
payable on account of transfer under the Scheme of Arrangement.
3)** During the period RBL paid (on behalf of REL) to RCTL of ` 1,562.70 lakhs (including Interest of ` 72.70 Lakhs). The
same is shown as liability payable to RBL in books of account.
4) All Outstanding stated above are gross of provisions.
5) All income and expense do not include applicable indirect taxes.

44. Other Notes

a. (i) 'XULQJWKH¿QDQFLDO\HDUHQGHG0DUFKWKH&RPSDQ\UHFHLYHGWKH&HUWL¿FDWHRI5HJLVWUDWLRQDVD1RQ'HSRVLW
7DNLQJ6\VWHPLFDOO\,PSRUWDQW&RUH,QYHVWPHQW&RPSDQ\³&,&1'6,ÝLGH&HUWL¿FDWH1R1GDWHG-XQH
LVVXHG E\ WKH 5%, XQGHU WKH &,& 'LUHFWLRQV %\ YLUWXH RI WKH &,& UHJLVWUDWLRQ DV DIRUHVDLG WKH SURYLVLRQV RI QHW
RZQHGIXQGUHTXLUHPHQWVXQGHUVHFWLRQ,$ERIWKH5%,$FWDQGSURYLVLRQVUHODWHGWR³$VVHW,QFRPH3DWWHUQ´
³5HTXLUHPHQW WR &DSLWDO$GHTXDF\ &5$5´ DQG ³&RQFHQWUDWLRQ RI &UHGLW,QYHVWPHQW´ DV DSSOLFDEOH IRU 1%)&V XQGHU
1%)&0DVWHU'LUHFWLRQVVKDOOQRWDSSO\WRWKHFRPSDQ\VXEMHFWWRWKHFRPSOLDQFHRIFRQGLWLRQVVSHFL¿HGLQWKH&,&
'LUHFWLRQV
(ii) Core Investment Company (CIC) Compliance Ratios March 31, 2019 0DUFK
D,QYHVWPHQWDQG/RDQVWRJURXSFRPSDQLHVDVDSURSRUWLRQWR1HW$VVHWV 98.01%
E,QYHVWPHQWLQ(TXLW\6KDUHVDQG&RPSXOVRU\&RQYHUWLEOH,QVWUXPHQWVRI
98.01%
JURXSFRPSDQLHVDVDSURSRUWLRQRI1HW$VVHWV
F&DSLWDO$GHTXDF\5DWLR>$GMXVWHG1HWZRUWK5LVN:HLJKWDJH$VVHWV@ 61.10%
G/HYHUDJH5DWLRV7LPHV>2XWVLGHOLDELOLWLHV$GMXVWHG1HWZRUWK@7LPHV 0.33
Disclaimer:
D 5HVHUYH%DQNRI,QGLDGRHVQRWDFFHSWDQ\UHVSRQVLELOLW\RUJXDUDQWHHDERXWWKHSUHVHQWSRVLWLRQDVWRWKH¿QDQFLDO
VRXQGQHVV RI WKH FRPSDQ\ RU IRU WKH FRUUHFWQHVV RI DQ\ RI WKH VWDWHPHQWV RU UHSUHVHQWDWLRQV PDGH RU RSLQLRQV
H[SUHVVHGE\WKHFRPSDQ\DQGIRUGLVFKDUJHRIOLDELOLW\E\WKHFRPSDQ\
E 1HLWKHULVWKHUHDQ\SURYLVLRQLQODZWRNHHSQRUGRHVWKHFRPSDQ\NHHSDQ\SDUWRIWKHGHSRVLWVZLWKWKH5HVHUYH%DQN
DQGE\LVVXLQJWKH&HUWL¿FDWHRI5HJLVWUDWLRQWRWKH&RPSDQ\WKH5HVHUYH%DQNQHLWKHUDFFHSWVDQ\UHVSRQVLELOLW\
QRUJXDUDQWHHIRUWKHSD\PHQWRIWKHSXEOLFIXQGVWRDQ\SHUVRQERG\FRUSRUDWH
b. I. Capital to Risk Weighted Assets Ratio (CRAR)
$VPHQWLRQHGLQ3DUDDLUHTXLUHPHQWRIPDLQWDLQLQJ&5$5LVQRWDSSOLFDEOHRQWKHFRPSDQ\EHLQJD&,&
Items
L &5$5 Refer Note 44 (a)(i) 5HIHU1RWHDL
LL &5$57LHU,&DSLWDO Refer Note 44 (a)(i) 5HIHU1RWHDL
LLL &5$57LHU,,&DSLWDO Refer Note 44 (a)(i) 5HIHU1RWHDL
II. Exposure to Real Estate Sector

Category
D Direct Exposures
L5HVLGHQWLDO0RUWJDJHV
D,QGLYLGXDOVKRXVLQJORDQVXSWRÒDNKV -
E,QGLYLGXDOVKRXVLQJORDQVPRUHWKDQÒDNKV -
LL&RPPHUFLDO5HDO(VWDWH -
LLL,QYHVWPHQWVLQ0RUWJDJH%DFNHG6HFXULWLHV -
0%6DQGRWKHU6HFXULWLVHGH[SRVXUHV
D5HVLGHQWLDO
Total -
E Indirect Exposures
)XQG EDVHG DQG QRQ IXQG EDVHG H[SRVXUHV RQ -
1DWLRQDO+RXVLQJ%DQN1+%DQG+RXVLQJ)LQDQFH
&RPSDQLHV+)&V


III. Maturity pattern of certain items of assets and liabilities (At Book Value)
Over 1 month Over 2 month Over 3 Months
Particulars 1 to 30 days Total
to 2 month to 3 months upto 6 months
Liabilities
%RUURZLQJIURP%DQNV -
0DUNHW%RUURZLQJV 30,597.59
Assets -
$GYDQFHV -
,QYHVWPHQWVQHWRISURYLVLRQV -
Over 6 months 1 Year to 3 Over 3 years

Particulars Over 5 years Total
to 1 year years to 5 years
Liabilities
%RUURZLQJIURP%DQNV -
0DUNHW%RUURZLQJV 7,461
Assets -
$GYDQFHV -
,QYHVWPHQWVQHWRISURYLVLRQV 211,209
c. Disclosures of details as required in terms of Paragraph 21 of CIC Direction:

Amount Amount
Liabilities:
Outstanding Overdue
1) Loans and Advances availed by the CIC inclusive of interest accrued thereon but not paid:
D 'HEHQWXUHV6HFXUHG
8QVHFXUHG
RWKHUWKDQIDOOLQJZLWKLQWKHPHDQLQJRI3XEOLFGHSRVLWV
E 'HIHUUHG&UHGLWV
F 7HUP/RDQV
G ,QWHU&RUSRUDWHORDQVDQGERUURZLQJV
H &RPPHUFLDO3DSHU
I 2WKHU/RDQVXQVHFXUHG¿QDQFHOHDVH
D:RUNLQJ&DSLWDO/RDQIURP%DQNV
E,QWHUHVWDFFUXHGDQGQRWGXHRQ8QVHFXUHG/RDQV
Amount
Assets
Outstanding
2) Break-up of Loans and Advances including bills receivables (other than those included in (4) below):
D 6HFXUHG
E 8QVHFXUHG
3) Break-up of Leased Assets and stock on hire and hypothecation loans counting towards AFC activities
L /HDVHDVVHWVLQFOXGLQJOHDVHUHQWDOVXQGHUVXQGU\GHEWRUV
D)LQDQFLDO/HDVH
E2SHUDWLQJ/HDVH

LL 6WRFNRQKLUHLQFOXGLQJKLUHFKDUJHVXQGHU6XQGU\'HEWRUV
D$VVHWVRQKLUH
E5HSRVVHVVHG$VVHWV
LLL +\SRWKHFDWLRQORDQVFRXQWLQJWRZDUGV$)&DFWLYLWLHV
D/RDQVZKHUHDVVHWVKDYHEHHQUHSRVVHVVHG
E/RDQVRWKHUWKDQDDERYH
4) Break-up of Investments: (Amount in ` lakhs, unless otherwise stated)

Current Investments:
1 4XRWHG
L6KDUHVD(TXLW\
E3UHIHUHQFH
LL'HEHQWXUHVDQG%RQGV
LLL8QLWVRIPXWXDOIXQGV
LY*RYHUQPHQW6HFXULWLHV
Y2WKHUV
8QTXRWHG
L6KDUHVD(TXLW\
E3UHIHUHQFH
Y2WKHUV
Long Term Investments (at gross value):
1 4XRWHG
L6KDUHVD(TXLW\
E3UHIHUHQFH
Y2WKHUV
8QTXRWHG
L6KDUHVD(TXLW\
E3UHIHUHQFH
Y2WKHUV
,QFOXGLQJ3DUWO\SDLGXS(TXLW\VKDUHVRIIRU`/DNKV)DFH9DOXHRI`HDFKRXWRIZKLFK`LVSDLGXS


%RUURZHUJURXSZLVHFODVVL¿FDWLRQRIDVVHWV¿QDQFHGDVLQDQGDERYH
Amount net of Provisions
Category
Secured Unsecured Total
1 5HODWHG3DUWLHV
D6XEVLGLDULHV
E&RPSDQLHVLQWKHVDPHJURXS
F2WKHUUHODWHGSDUWLHV
2WKHUWKDQUHODWHGSDUWLHV
Total - 1,579.34 1,579.34
,QYHVWRUJURXSZLVHFODVVL¿FDWLRQRIDOOLQYHVWPHQWVFXUUHQWDQGORQJWHUPLQVKDUHVDQGVHFXULWLHVERWKTXRWHG

and unquoted):
0DUNHW9DOXHV%UHDNXS Book Value (Net of
Category
or Fair value or NAV Provisions)
1 5HODWHG3DUWLHV
D6XEVLGLDULHV
E&RPSDQLHVLQWKHVDPHJURXS
F2WKHUUHODWHGSDUWLHV
2WKHUWKDQUHODWHGSDUWLHV
Total 243,244.04 278,018.52
7) Other information
Particulars
L *URVV1RQ3HUIRUPLQJ$VVHWV
D5HODWHGSDUWLHV
E2WKHUWKDQUHODWHGSDUWLHV
LL 1HW1RQ3HUIRUPLQJ$VVHWV
D5HODWHGSDUWLHV
E2WKHUWKDQUHODWHGSDUWLHV
LLL $VVHWVDFTXLUHGLQVDWLVIDFWLRQRIGHEW
45. Joint Venture as required by IND AS-112 - “ Disclosure of Interest in Other Entities” are given below:
Description of % of Interest
Name
Interest Mar -19 0DU
(TXLW\
,%2),QYHVWPHQW0DQDJHPHQW3ULYDWH/LPLWHG 50.00%
6KDUHKROGLQJ
'XHWRORQJWHUPUHVWULFWLRQVFRPSDQ\H[FOXGHGIURPFRQVROLGDWLRQ


Company’s Interest in Joint Ventures
As at $VDW
Particulars
$VVHWV 38.77
/LDELOLWLHV 3.26
5HYHQXH 2.23
'HSUHFLDWLRQ 0.25
2WKHU([SHQVHV 9.73
&DSLWDO&RPPLWPHQWV -
&RQWLQJHQW/LDELOLWLHV -
46. Loans and advances in the nature of loans to subsidiaries and associates
As at As at
Particulars
March 31, 2019 March 31, 2018
Maximum
Maximum amount
amount
Outstanding outstanding at Outstanding
1DPHRI6XEVLGLDU\$VVRFLDWHV outstanding at
Balance any time during Balance
any time during
the year
the year
5HOLJDUH&DSLWDO0DUNHWV/LPLWHG>UHIHUQRWH

K@
47. Other Notes

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2WKHU WKDQ /RQJ 7HUP KDV EHHQ PDGH LQ DFFRUGDQFH ZLWK WKH 1%)& 'LUHFWLRQV DIWHU FRQVLGHULQJ VXEVHTXHQW
UHFRYHULHVDQGUHDOL]DEOHYDOXHRILQYHVWPHQWVUHVSHFWLYHO\3URYLVLRQIRU,QYHVWPHQWLVPDGHLQDFFRUGDQFHZLWK
,QGLDQ$FFRXQWLQJ6WDQGDUGV,QG$6QRWL¿HGXQGHUWKH&RPSDQLHV,QGLDQ$FFRXQWLQJ6WDQGDUGV5XOHVDV
DPHQGHGIURPWLPHWRWLPH7KHFODVVL¿FDWLRQRIORDQVLQWRVWDQGDUGVXEVWDQGDUGDQGORVVDVVHWVDQGLQYHVWPHQWV
KDYHEHHQGLVFORVHGDWJURVVYDOXHDQGWKHFRUUHVSRQGLQJSURYLVLRQDJDLQVWQRQSHUIRUPLQJDVVHWVLQYHVWPHQWVKDV
EHHQLQFOXGHGXQGHUSURYLVLRQVLQDFFRUGDQFHZLWK1%)&'LUHFWLRQV
E 7KHUHDUHQRWUDQVDFWLRQVGXULQJWKH\HDUZLWK0LFUR6PDOODQG0HGLXPHQWHUSULVHVDQGDVVXFKWKHUHLVQREDODQFH
RXWVWDQGLQJDVDW0DUFK
F 7KHSURYLVLRQIRU,QFRPH7D[IRU\HDUHQGHG0DUFKKDVEHHQPDGHRQDQHVWLPDWHGEDVLVLQDFFRUGDQFH
ZLWKWKHSURYLVLRQRI,QFRPH7D[$FWRI,QGLD1RSURYLVLRQKDVEHHQPDGHIRU&RUSRUDWH'LYLGHQG7D[LQYLHZ
RI([HPSWLRQXV2RI,QFRPH7D[$FW
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DQGVPDOOHQWHUSULVHVDVRQ0DUFK)XUWKHUGXULQJWKH\HDUQRLQWHUHVWKDVEHHQSDLGRUSD\DEOHXQGHUWKH
WHUPVRIWKHVDLG$FW
H 'XULQJWKH\HDUHQGHG0DUFKWKHFRPSDQ\UHFHLYHGQRWLFHXQGHU)RUPRIWKH,%&&RGHWRWKH
WXQH RI ` &URUHV DSSUR[7KH VDLG QRWLFH UHIHU WR WKH DJUHHPHQW DOOHJHGO\ H[HFXWHG VLJQHG E\ H[FKDLUPDQ
RIFRPSDQ\ZLWK0V/RDQFRUH6HUYLFLQJ6ROXWLRQV3YW/WG+RZHYHUWKHFRPSDQ\KDVQRVXFKDJUHHPHQWLQLWV
UHFRUGV DQG QHLWKHU LW KDV EHHQ IRXQG LQ DQ\ RI WKH PLQXWHV RI %RDUG PHHWLQJ VDQFWLRQLQJ WKH H[HFXWLRQ RI VDLG
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I ,QWKHPDWWHURIRQJRLQJLQYHVWLJDWLRQ RIWKH&RPSDQ\LQLWLDWHGE\6(%,LQ)HEUXDU\6(%,KDVSDVVHGDQ
LQWHULPH[SDUWHRUGHUGDWHG0DUFKUHDGZLWKWKH&RUULJHQGXPGDWHG$SULO9LGHWKHVDLGRUGHU
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49. Previous Year Figures
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Reena Jayara

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Contents

 Company Information 2-5

 Board of Directors 10-13

 Awards and Recognitions 14-17

Directors’ Report 20-61

Management Discussion and Analysis 62-71

Report on Corporate Governance 72-109

Auditors’ Report 112-120

Balance Sheet 121-122

Statement of Changes in Equity 125-126

Cash Flow Statement 127-128

Notes forming part of the Financial Statements 129-236

Form AOC-1 237-239

Auditors’ Report 242-250

Balance Sheet 251

Statement of Changes in Equity 253-254

Cash Flow Statement 255-256

Notes forming part of the Financial Statements 257-338

Annual Report 2018-19 1

BOARD OF DIRECTORS : Dr. Rashmi Saluja (Non-Executive Independent Chairperson)

Mr. Siddharth Dinesh Mehta

Ms. Vijayalakshmi Rajaram Iyer (Independent Director)

Ms. Sabina Vaisoha (Independent Director)

Mr. Sushil Chandra Tripathi (Independent Director)

Mr. Malay Kumar Sinha (Independent Director)

CHIEF FINANCIAL OFFICER : Mr. Ashish Tyagi (Interim CFO)

COMPANY SECRETARY : Ms. Reena Jayara

REGISTERED OFFICE : 2nd Floor, Rajlok Building,

Phone : +91-11-4627 2400

Fax No. : +91-11-4627 2447

BANKERS TO THE COMPANY : HDFC Bank Limited

AUDITORS : M/s. S.S. Kothari Mehta & Co,

REGISTRAR & SHARE : Karvey Fintech Private Limited

Annual Report 2018-19 5

LENDING - AFFORDABLE HOUSING

8 Religare Enterprises Limited

Annual Report 2018-19 9

DR. RASHMI SALUJA

MR. SIDDHARTH DINESH MEHTA

MS. VIJAYALAKSHMI RAJARAM IYER

12 Religare Enterprises Limited

MS. SABINA VAISOHA

MR. SUSHIL CHANDRA TRIPATHI

MR. MALAY KUMAR SINHA

Annual Report 2018-19 13

Religare Health Insurance Co. Ltd. : ‘Best Health Insurance

Religare Health Insurance Co. Ltd. : ‘India’s Most Preferred Health

Religare Health Insurance Co. Ltd. : ‘India’s Best Travel Insurance

Religare Health Insurance Co. Ltd. : ‘Health Insurance

Religare Health Insurance Co. Ltd. : ‘Bancassurance Leader of the

16 Religare Enterprises Limited

Religare Health Insurance Co. Ltd. : ‘Best Claims Service Provider

Religare Health Insurance Co. Ltd. : ‘India’s Most Preferred Travel

Religare Health Insurance Co. Ltd. : ‘Skoch Award’ in the Micro

Religare Commodities Ltd. : ‘Best Broking House – Bullion’

Religare Broking Ltd. : ‘Regional Retail Member of the Year –

Annual Report 2018-19 17

Company Information 2-5

Board of Directors 10-13

Awards and Recognitions 14-17

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