Ruchi Soya Industries Limited

RUCHI SOYA INDUSTRIES LIMITED - 621358 PAGE NO.
: 1
MIRA INFORM REPORT
Report No. : 621358

Report Date : 22.06.2020
IDENTIFICATION DETAILS
Name : RUCHI SOYA INDUSTRIES LIMITED
Registered Office : Ruchi House, Royal Palms, Survey No. 169, Aarey Milk Colony, Near Mayur
Nagar, Goregaon (East), Mumbai – 400065, Maharashtra
Tel. No.: 91-22-61090100
Country : India
Financials (as on) : 31.03.2019
Date of Incorporation : 06.01.1986
CIN No.: L15140MH1986PLC038536

[Company Identification No.]
Capital Investment / Paid- INR 652.941 Million

up Capital :
IEC No.: 0388133252

[Import-Export Code No.]
TIN / CST No.: 27160000442
PAN No.: AAACR2892L

[Permanent Account No.]
GSTN : 32AAACR2892L1Z7 [Kerala]

[Goods & Service Tax Registration 27AAACR2892L1ZY [Maharashtra]
No.]
34AAACR2892L1Z3 [Puducherry]
33AAACR2892L1Z5 [Tamil Nadu]
02AAACR2892L2Z9 [Himachal Pradesh]
09AAACR2892L1ZW [Uttar Pradesh]
24AAACR2892L1Z4 [Gujarat]
30AAACR2892L1ZB [Goa]
18AAACR2892L1ZX [Assam]
19AAACR2892L1ZV [West Bengal]
10AAACR2892L2ZC [Bihar]
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RUCHI SOYA INDUSTRIES LIMITED - 621358 PAGE NO. : 2
04AAACR2892L2Z5 [Chandigarh]
36AAACR2892L1ZZ [Telangana]
37AAACR2892L2ZW [Andhra Pradesh]
23AAACR2892L7Z0 [Madhya Pradesh]
37AAACR2892L1ZX [Andhra Pradesh]
21AAACR2892L1ZA [Odisha]
05AAACR2892L1Z4 [Uttarakhand]
13AAACR2892L1Z7 [Nagaland]
01AAACR2892L1ZC [Jammu and Kashmir]
06AAACR2892L1Z2 [Haryana]
03AAACR2892L1Z8 [Punjab]
29AAACR2892L1ZU [Karnataka]
22AAACR2892L1Z8 [Chhattisgarh]
07AAACR2892L1Z0 [Delhi]
23AAACR2892L9ZY [Madhya Pradesh]
16AAACR2892L1Z1 [Tripura]
08AAACR2892L1ZY [Rajasthan]
20AAACR2892L1ZC [Jharkhand]
15AAACR2892L1Z3 [Mizoram]
ESIC Code: 31180104480011001

35180104480020006
Legal Form : A Public Limited Liability Company. The Company’s Shares are Listed on the
Stock Exchanges.
Line of Business : • Subject engaged in the business of processing of oil-seeds and refining of
crude oil for edible use, also produces oil meal, food products from soya
and value added products from downstream and upstream processing and
also engaged in trading in various products and generation of power from
wind energy [Registered Activity]
• It is engaged in crushing of oil seeds and extraction/refining of edible oil

along with manufacturing of related products such as soya meal, soya
lecithin, vanaspati and textured proteins. It is also engaged in import/export
as well as domestic trading of various agri-commodities. [From Indirect
Source]
No. of Employees : 2898 [Approximately]
RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)
MIRA’s Rating : B
Low Risk Medium Risk High Risk
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Minimum Risk Medium Risk Medium High Riisk

Low Risk High Risk
Acceptable Risk New Business
No Trace
Rating Explanation Rating Comments

B Medium Risk Business dealings permissible on a regular monitoring basis
Status : Under Acquisition
Payment Behaviour : Slow
Litigation : Clear
Comments : Subject is an established company incorporated in the year 1986. It is having

moderate track records.
It is engaged in crushing of oil seeds and extraction/refining of edible oil along

with manufacturing of related products such as soya meal, soya lecithin,
vanaspati and textured proteins. It is also engaged in import/export as well as
domestic trading of various agri-commodities.
For the financial year 2019, the company has achieved growth in its revenue
from operations as compared to previous year and has shown an improvement
in its profitability
As per quarterly results of December 2019, the company has achieved revenue
of INR 37128.1 million.
Rating is constrained on account of huge of borrowings recorded by the

company which can be threat to its liquidity position.
DBS Bank and Standard Chartered Bank has filed insolvency petition under
section 7 of IBC Act against Ruchi Soya Industries Limited in National Company
Law Tribunal (Mumbai Bench).
It is also to be noted that the company is listed with RBI defaulter and defaulted
hefty amount, but the latest details is not yet updated.
However, Patanjali Ayurveda Subsequently, vide its order dated July 24, 2019
and September 4, 2019, the Mumbai Bench of the Hon’ble NCLT approved the
resolution plan submitted by a consortium of Patanjali Group and will infuse INR
34380 million as equity and debt to settle dues of creditors and debt laden firm.
As gathered, the subject’s payments are slow.
The subject has filed its GST returns till May 2020.
In view of aforesaid, the subject can be considered for business dealings with
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some caution.
NOTES :
Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number,
name and date.
EXTERNAL AGENCY RATING
Rating Agency Name CARE

Rating Long Term Rating= D (Issuer Non-Cooperative)
Rating Explanation Lowest credit quality and very low prospects of recovery.
Date 21.05.2019
Rating Agency Name CARE

Rating Short Term Rating= D (Issuer Non-Cooperative)
Rating Explanation Lowest credit quality and very low prospects of recovery.
Date 21.05.2019
RBI DEFAULTERS’ LIST STATUS
Subject’s name has been found enlisted as a defaulter in the publicly available RBI Defaulters’ list and the details
of the same are as under :
Suit Filed Accounts - Defaulters INR 10 million and above as on 30-Jun-2019 Search Details
Date of extraction 14.03.2020
Borrower Containing - Ruchi Soya Industries Limited
OUTSTANDIN
BANK BRANC QUARTE BORRO REGISTERED DIRECTOR NAME--DIN G AMOUNT
H R WER ADDRESS NO. DETAIL (INR IN
NAME MILLION)
BANK OF BHICH 30-09-18 M/S RUCHI DINESH SAHARA-- 2325.267
MAHARASH OLI RUCHI HOUSE,ROYAL 533055, VIJAY KUMAR
TRA MARDA SOYA PALMS, JAIN--98298, MEERA
NA INDUST SURVEY DINESH RAJDA--
RIES NO.169,AAREY 7130303, SAJEVE
LIMITE MILK DEORA--3305,
D COLONY,NEAR PRABHUDAYAL
MAYUR DWIVEDI--2114285,
NAGAR,GORE SANJEEV ASTHANA--
GAON (EAST) NA, NAVIN
MUMBAI KHANDELWAL--134217,
MAHARASHTR NAVMANI MURUGAN--
A. 1309393
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A. 1309393
A. 1309393
CORPORAT MUMBA 31-03-19 RUCHI 408, TULSIANI DINESH CHANDRA 2325.267
ION BANK I-I.F.B. SOYA CHAMBER, SHAHRA--533055,
INDUST 4TH FLOOR, MURUGAN NAVAMANI--
RIES NARIMAN 1309393, VIJAY KUMAR
LIMITE POINT, JAIN--98298, NAVIN
D MUMBAI. KHANDELWAL--134217,
PRABHU DAYAL
DWIVEDI--2114285,
KAILASH CHANDRA
SHAHRA--62698, MEERA
DINESH RAJDA--
7130303
ICICI BANK MUMBA 31-03-18 RUCHI RUCHI HOUSE, DINESH SHAHRA-- 4064.059
LIMITED I SOYA ROYAL PALMS, 00533055, KAILASH
INDUST SURVEY SHAHRA--00062698
RIES NO.169, AAREY
LIMITE MILK COLONY,
D NEAR MAYUR
NAGAR,
GOREGAON
(EAST),
MUMBAI -
400065
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RIES NO.169, AAREY
LIMITE MILK COLONY,
D NEAR MAYUR
NAGAR,
GOREGAON
(EAST),
MUMBAI -
400065
RIES NO.169, AAREY
LIMITE MILK COLONY,
D NEAR MAYUR
NAGAR,
GOREGAON
(EAST),
MUMBAI -
400065
RIES NO.169, AAREY
LIMITE MILK COLONY,
D NEAR MAYUR
NAGAR,
GOREGAON
(EAST),
MUMBAI -
400065
RIES NO.169, AAREY
LIMITE MILK COLONY,
D NEAR MAYUR
NAGAR,
GOREGAON
(EAST),
MUMBAI -
400065
STANDARD MUMBA 31-12-17 RUCHI RUCHI HOUSE, VIJAY KUMAR JAIN--NA, 3534.794
CHARTERE I SOYA ROYAL PALMS, DINESH CHANDRA
D BANK INDUST SURVEY NO. SHAHRA--NA
RIES 169, AAREY
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LIMITE MILK
D COLONY,NEAR
MAYUR
NAGAR,GORE
GAON (EAST)
MUMBAI
MUMBAI CITY
MH 400065 IN
RIES 169, AAREY
LIMITE MILK
D COLONY,NEAR
MAYUR
NAGAR,GORE
GAON (EAST)
MUMBAI
MUMBAI CITY
MH 400065 IN
RIES 169, AAREY
LIMITE MILK
D COLONY,NEAR
MAYUR
NAGAR,GORE
GAON (EAST)
MUMBAI
MUMBAI CITY
MH 400065 IN
RIES 169, AAREY
LIMITE MILK
D COLONY,NEAR
MAYUR
NAGAR,GORE
GAON (EAST)
MUMBAI
MUMBAI CITY
MH 400065 IN
RIES 169, AAREY
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LIMITE MILK
D COLONY,NEAR
MAYUR
NAGAR,GORE
GAON (EAST)
MUMBAI
MUMBAI CITY
MH 400065 IN
RIES 169, AAREY
LIMITE MILK
D COLONY,NEAR
MAYUR
NAGAR,GORE
GAON (EAST)
MUMBAI
MUMBAI CITY
MH 400065 IN
UCO BANK FCC 31-12-18 RUCHI RUCHI HOUSE, VIJAY KUMAR JAIN-- 2907.000
MUMBA SOYA ROYAL PALMS, 98298, NAVIN
I INDUST SURVEY NO. KHANDELWAL--134217,
RIES 169, AAREY DINESH CHANDRA
LIMITE MILK SHAHRA--533055,
D COLONY,NEAR MURUGAN NAVAMANI--
MAYUR 1309393, MEERA
NAGAR,GORE DINESH RAJDA--
GAON (EAST) 7130303
MUMBAI
MUMBAI CITY
MAHARASHTR
A 400065 INDIA
Suit Filed Accounts - Defaulters INR 10 million and above as on 31-Mar-2019 Search Details
Borrowers details
Borrower name Ruchi Soya Industries Limited

Address RUCHI HOUSE, ROYAL PALMS, SURVEY NO. 169, AAREY MILK
COLONY,NEAR MAYUR NAGAR,GOREGAON (EAST) Mumbai Mumbai City MH
400065 IN
MAHARASHTRA
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Name Of Directors Reported by Credit Institutions Filing the Suit:
Sr.No. Directors Reported by Credit Institutions

STANDARD CHARTERED BANK
1 DINESH CHANDRA SHAHRA
2 VIJAY KUMAR JAIN
List Of Credit Institutions to which Ruchi Soya Industries Limited is a defaulter:
Amount
Names of Credit Institutions Branch (INR in million)
STANDARD CHARTERED BANK MUMBAI 3534.794
Total 3534.794
Borrowers details
Borrower name M/S RUCHI SOYA INDUSTRIES LIMITED
Address RUCHI HOUSE,ROYAL PALMS, SURVEY NO.169,AAREY MILK COLONY,NEAR
MAYUR NAGAR,GOREGAON (EAST) Mumbai Maharashtra.
MADHYA PRADESH

DIN Number
BANK OF MAHARASHTRA
1 Dinesh Sahara 533055
2 MEERA DINESH RAJDA 7130303
3 Navin Khandelwal 134217
4 Navmani Murugan 1309393
5 Prabhudayal Dwivedi 2114285
6 Sajeve Deora 3305
7 Sanjeev Asthana
8 Vijay Kumar Jain 98298
List Of Credit Institutions to which M/S RUCHI SOYA INDUSTRIES LIMITED is a defaulter:
Amount
BANK OF MAHARASHTRA BHICHOLI MARDANA 2325.267
Total 2325.267
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Borrowers details
Borrower name RUCHI SOYA INDUSTRIES LIMITED
Address 408, TULSIANI CHAMBER, 4TH FLOOR, NARIMAN POINT, MUMBAI.
MAHARASHTRA

DIN Number
CORPORATION BANK
1 DINESH CHANDRA SHAHRA 533055
2 KAILASH CHANDRA SHAHRA 62698
3 MEERA DINESH RAJDA 7130303
4 MURUGAN NAVAMANI 1309393
5 NAVIN KHANDELWAL 134217
6 PRABHU DAYAL DWIVEDI 2114285
7 VIJAY KUMAR JAIN 98298
List Of Credit Institutions to which RUCHI SOYA INDUSTRIES LIMITED is a defaulter:
Amount
CORPORATION BANK MUMBAI-I.F.B. 2664.856
Total 2664.856
Borrowers details
Borrower name RUCHI SOYA INDUSTRIES LIMITED
Address RUCHI HOUSE, ROYAL PALMS, SURVEY NO.169, AAREY MILK COLONY,
NEAR MAYUR NAGAR, GOREGAON (EAST), MUMBAI - 400065
MAHARASHTRA

DIN Number
ICICI BANK LIMITED
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1 DINESH SHAHRA 00533055

2 KAILASH SHAHRA 00062698
List Of Credit Institutions to which RUCHI SOYA INDUSTRIES LIMITED is a defaulter:
Amount
ICICI BANK LIMITED MUMBAI 4882.992
Total 4882.992
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject has filled its EPF till March 2020
Establishment ID Establishment Name Address Office Name

BRPAT0010965000 RUCHI SOYA VILL- KAARNPURA, P.O- PATNA
INDUSTRIES LTD DURGAWATIKAIMUR
TRRN Date Of Credit Amount Wage Month No. of Employee ECR

1401906000495 07-JUN-2019 14:21:59 71,687 MAY-19 19 YES
1401907000882 09-JUL-2019 18:25:48 77,593 JUN-19 18 YES
1401908001107 09-AUG-2019 19:58:08 55,305 JUL-19 14 YES
1401909000709 09-SEP-2019 13:05:19 41,831 AUG-19 11 YES
1401910001242 11-OCT-2019 08:40:38 41,545 SEP-19 11 YES
1401911000533 07-NOV-2019 21:34:41 41,553 OCT-19 11 YES
1401912001199 08-DEC-2019 09:20:07 41,545 NOV-19 11 YES
1402001001439 15-JAN-2020 13:39:20 41,831 DEC-19 11 YES
1402002003740 17-FEB-2020 21:48:30 39,855 JAN-20 10 YES
1402003002247 14-MAR-2020 04:37:42 17,662 FEB-20 4 YES
1402004001522 14-APR-2020 02:43:24 12,077 MAR-20 3 YES
1402005002020 16-MAY-2020 05:36:50 12,077 APR-20 3 YES
1402006001480 15-JUN-2020 21:17:08 12,077 MAY-20 3 YES

GJRAJ0041755000 RUCHI SOYA SURVEY NO 217/2,MITHI RAJKOT
INDUSTRIES LTD ROHAR

1831906001268 13-JUN-2019 16:45:10 2,81,020 MAY-19 73 YES
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1831907006147 16-JUL-2019 21:31:56 3,12,757 JUN-19 71 YES

1831908000445 15-AUG-2019 09:45:43 3,15,802 JUL-19 72 YES
1831909004112 10-SEP-2019 04:34:29 3,15,530 AUG-19 72 YES
1831910006369 17-OCT-2019 04:34:27 3,16,153 SEP-19 72 YES
1831910014406 13-NOV-2019 23:17:21 3,12,882 OCT-19 71 YES
1831912010115 16-DEC-2019 05:18:26 3,12,482 NOV-19 72 YES
1832001007241 15-JAN-2020 13:34:07 3,06,151 DEC-19 72 YES
1832002008251 14-FEB-2020 20:52:19 3,20,338 JAN-20 70 YES
1832003008452 15-MAR-2020 00:56:26 3,13,044 FEB-20 68 YES
1832004000328 14-APR-2020 03:44:37 3,07,693 MAR-20 66 YES
1832005006438 16-MAY-2020 05:55:05 3,04,059 APR-20 65 YES
1832006004078 16-JUN-2020 18:38:35 3,15,986 MAY-20 67 YES

GJRAJ0042783000 RUCHI SOYA SURVEY NO 216,217/1,NR RAJKOT
INDUSTRIES PARAM IND LTD, VILL
LIMITED(OLEOCHEM MITHIROHAR
DIVISION)

1831906007671 13-JUN-2019 16:41:42 1,12,018 MAY-19 39 YES
1831907007359 16-JUL-2019 01:29:40 1,42,496 JUN-19 38 YES
1831908007155 15-AUG-2019 09:43:30 1,34,572 JUL-19 35 YES
1831909002799 10-SEP-2019 04:33:02 1,34,249 AUG-19 35 YES
1831910010113 17-OCT-2019 04:40:56 1,33,521 SEP-19 37 YES
1831911007982 13-NOV-2019 23:02:56 1,37,604 OCT-19 37 YES
1831912006303 16-DEC-2019 05:18:25 1,37,932 NOV-19 37 YES
1832001008820 15-JAN-2020 11:31:44 1,40,735 DEC-19 38 YES
1832002008161 14-FEB-2020 20:48:20 1,47,772 JAN-20 38 YES
1832003010138 19-MAR-2020 04:50:09 1,44,048 FEB-20 38 YES
1832004000408 14-APR-2020 03:52:31 1,41,940 MAR-20 36 YES
1832005003212 16-MAY-2020 05:52:47 1,42,166 APR-20 36 YES
1832006003546 16-JUN-2020 18:36:31 1,37,566 MAY-20 35 YES

GJRAJ0078010000 RUCHI SOYA VILL:BHUVAD, RAJKOT
INDUSTRIES LTD. S.NO.162,163
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(NATURALPOLYMERS DIV.)
ANJAR-MUNDRA HIGHWAY

1831906007113 13-JUN-2019 16:30:45 82,504 MAY-19 24 YES
1831907007101 16-JUL-2019 00:45:34 1,01,686 JUN-19 24 YES
1831908004845 15-AUG-2019 09:41:27 1,02,033 JUL-19 24 YES
1831909004740 10-SEP-2019 04:28:05 1,00,415 AUG-19 24 YES
1831910007318 17-OCT-2019 04:40:56 99,358 SEP-19 24 YES
1831911008433 13-NOV-2019 22:57:25 97,748 OCT-19 23 YES
1831912007593 16-DEC-2019 05:18:26 96,487 NOV-19 23 YES
1832001008819 15-JAN-2020 13:08:42 94,404 DEC-19 23 YES
1832002009282 14-FEB-2020 20:40:28 1,01,032 JAN-20 23 YES
1832003008376 15-MAR-2020 05:25:05 89,350 FEB-20 20 YES
1832004000937 14-APR-2020 03:04:43 87,196 MAR-20 19 YES
1832005003896 16-MAY-2020 05:50:42 85,702 APR-20 19 YES
1832006004852 16-JUN-2020 18:28:55 82,722 MAY-20 18 YES

GRGNT0030218000 M/S RUCHI SOYA OIL PALM GUNTUR
INDUSTRIES LIMITED DIVISION,AMPAPURAM

1221906000743 06-JUN-2019 17:38:59 1,94,990 MAY-19 61 YES
1221907001800 12-JUL-2019 05:10:11 2,57,274 JUN-19 61 YES
1221907010212 05-AUG-2019 16:21:40 2,57,679 JUL-19 62 YES
1221909000918 06-SEP-2019 22:27:59 2,58,025 AUG-19 61 YES
1221910001481 11-OCT-2019 23:48:50 2,56,900 SEP-19 61 YES
1221911000467 05-NOV-2019 20:45:15 2,51,666 OCT-19 60 YES
1221912001063 06-DEC-2019 02:25:56 2,50,142 NOV-19 59 YES
1222001003004 15-JAN-2020 13:52:32 2,40,767 DEC-19 59 YES
1222002004524 17-FEB-2020 21:56:56 2,46,442 JAN-20 57 YES
1222003003496 14-MAR-2020 13:44:39 2,20,237 FEB-20 52 YES
1222004000292 14-APR-2020 03:23:04 2,19,795 MAR-20 51 YES
1222005000941 16-MAY-2020 06:15:32 2,19,796 APR-20 51 YES
1222006001326 15-JUN-2020 21:26:44 2,19,795 MAY-20 51 YES
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GRRJY0036615000 RUCHI SOYA IDA,A D B ROAD RAJAMUNDRY
INDUSTRIES LTD.

1261906001084 07-JUN-2019 14:24:31 2,78,316 MAY-19 81 YES
1261907003060 12-JUL-2019 05:10:12 3,52,576 JUN-19 83 YES
1261908001556 07-AUG-2019 19:32:20 3,52,369 JUL-19 83 YES
1261909002622 11-SEP-2019 21:57:28 3,50,279 AUG-19 83 YES
1261910001535 09-OCT-2019 21:18:07 3,57,075 SEP-19 85 YES
1261911000127 04-NOV-2019 17:04:09 3,36,670 OCT-19 79 YES
1261912001065 08-DEC-2019 09:18:44 3,36,926 NOV-19 79 YES
1262001003624 16-JAN-2020 11:26:33 3,36,131 DEC-19 79 YES
1262002003546 17-FEB-2020 21:51:40 3,47,422 JAN-20 78 YES
1262003003281 12-MAR-2020 21:38:12 3,31,306 FEB-20 74 YES
1262004000760 14-APR-2020 03:19:11 3,28,277 MAR-20 73 YES
1262005001097 16-MAY-2020 06:10:03 3,47,088 APR-20 76 YES
1262006001344 15-JUN-2020 13:39:57 3,42,277 MAY-20 75 YES
NCLT (National Company Law Tribunal) LISTING STATUS
Subject’s name is listed NCLT (National Company Law Tribunal) list as of 22.06.2020
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IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date. The details of the listing are as under :
Relevant Particulars
Name of Corporate Debtor Ruchi Soya Industries Limited
Date of Incorporation of Corporate Debtor January 6, 1986
Authority under which corporate debtor Registrar of Companies, Maharashtra (Mumbai) under the
incorporated/ registered Companies Act, 1956
Corporate identity number / limited liability L15140MH1986PLC038536
identification number of corporate debtor
Address of the registered office and principal Ruchi House, Royal Palms, Survey No. 169, Aarey Milk
office (if any) of corporate debtor Colony, Near Mayur Nagar, Goregaon (East), Mumbai –
400065, Maharashtra
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Insolvency commencement date in respect of 15th December, 2017

corporate debtor
Estimated date of closure of insolvency 180 days from date of commencement of resolution process.
resolution Process
Name, address, email address and the Name : Shaildendra Ajmera
registration number of the interim resolution Address :
professional Attn. Pulkit Gupta
Ernst and Young LLP
3rd Floor, Worldmark – 1,
IGI Airport Hospitality District,
Aerocity, New Delhi – 110037
Registration No.
IBBI/pa-001/ip-p00304/2017-18/1568
Email Id: ip.ruchi@in.ey.com
Last date for submission of claims 29th December, 2017
Notice is hereby given that the National Company Law Tribunal has ordered the commencement of a corporate
insolvency resolution process against Ruchi Soya Industries Limited on 15th December, 2017.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE [91-9826096582]
GIVEN NO.: 91-9560900322 - Not Exist
91-22-61090100/ 28724445/ 28714449 - Ringing
91-731-2513281 / 82 / 83 – Not working
LOCATIONS
Registered Office : Ruchi House, Royal Palms, Survey No. 169, Aarey Milk Colony, Near Mayur
Nagar, Goregaon (East), Mumbai – 400065, Maharashtra, India
Tel. No.: 91-22-61090100/ 28724445/ 28714449
Fax No.: 91-22-6109 0257
E-Mail : corporate@ruchisoya.com
ruchisoyasecretarial@ruchisoya.com
santosh_ambre@ruchisoya.com
Website : www.ruchisoya.com
Administrative and Head 301 Mahakosh House, 7/5 South Tukoganj, Nath Mandir Road, Indore - 452
Office : 001, Madhya Pradesh, India
Tel. No.: 91-731-2513281 / 82 / 83
Fax No.: 91-731-4065019 / 2527250
Corporate Office : 615, Tulsiani Chambers Free Press Journal Marg, Nariman Point, Mumbai -
400021, Maharashtra, India
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Tel. No.: 91-22-66560600 / 22873890

Fax No.: 91-22-6656 0600 / 22873890
Branch Office: 408, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra, India
Factory 1 : Survey No.217/1, Village Mityhirohar, Taluka Gandhidham, Kutch, Gandhidham

– 370201, Gujarat, India
Tel No.: 91-2836-645672/73
Fax No.: 91-2836-286509/286473
Factory 2 : Mangliagaon, A. B. Road, Indore, Madhya Pradesh, India
Factory 3 : Baikampady Industrial Area, Mangalore, Karnataka, India
Factory 4 : Village Esambe, Taluka Khalapur, District Raigad, Maharashtra, India
Factory 5 : Bijoyramchak, Ward No. 9, P.O. Durgachak, Haldia, West Bengal, India
Factory 6 : Village Butibori, Tehsil Nagpur, Maharashtra, India
Factory 7 : Akodia Road, Industrial Area, Shujalpur, District Shajapur, Madhya Pradesh,
India
Factory 8 : Village Kamati, Gadarwada, District Narsinghpur, Madhya Pradesh, India
Factory 9 : Gram Mithi Rohar, Taluka Gandhidham, District Bhuj, Gujarat, India
Factory 10 : Kannigaiper Village, Uthukottai Taluk, Thiruvallur District, Tamilnadu, India
Factory 11 : RIICO Udyog Vihar, Sriganganagar, Rajasthan, India
Factory 12 : RIICO Industrial Area, Govindpur Bawari, Post Talera District, Bundi, Rajasthan,
India
Factory 13 : Kusmoda, A.B. Road, Guna, Madhya Pradesh, India
Factory 14 : Kota Road, Baran, Rajasthan, India
Factory 15 : Rani Piparia, District Hoshangabad, Madhya Pradesh, India
Factory 16 : SIDCO Industrial Estate, Bari Brahmana, Jammu and Kashmir, India
Factory 17 : Village Daloda, District Mandsaur, Madhya Pradesh, India
Factory 18 : Survey No. 178, Surkandi Road, Washim, Maharashtra, India
Factory 19 : Bapulapadu Mandal, Ampapuram Village, Krishna District, Vijaywada, Andhra
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Pradesh, India
Factory 20 : IDA, ADB Road, Peddapuram, East Godawari District, Andhra Pradesh, India
Factory 21 : Village Karanpura, Durgawati, District Kaimur, Bihar, India
Factory 22 : Survey No. 162 and 163, Bhuvad, Talluka- Anjar, District Kutch, Gujarat, India
Factory 23 : KIADB Industrial Area, Survey No 2 (P), Manglore – 575010, Karnataka, India
DIRECTORS
AS ON: 2020
Name : Mr. Acharya Balkrishna

Designation : Managing Director
Address : 41 KH, Dadu Bagh, Kankhal Haridwar – 249408, Uttarakhand, India
Date of Appointment : 18.12.2019
DIN No.: 01778007
Name : Mr. Ram Bharat

Designation : Wholetime Director
Address : House No. 90 Vidya Vihar Colony, Kankhal, Haridwar – 249408, Uttarakhand,
India
DIN No.: 01651754
Name : Mr. Rajat Sharma

Designation : Additional Director
Address : B-90, Greater Kailash-I, South Delhi - 110048, India
DIN No.: 00005373
Name : Mrs. Bhavna Samir Shah

Address : 6 New Mahavir Building, Cumballa Hill Road, Kemps Corner, August Kranti
Marg, Mumbai – 400036, Maharashtra, India
DIN No.: 00246394
Name : Mr. Girish Kumar Ahuja

Address : A-53, Kailash Colony Greater Kailash, South Delhi – 110048, India
DIN No.: 00446339
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Name : Mr. Ramdev

Address : 41 K, Dadu Bagh Kankhal, Haridwar – 249408, Uttarakhand, India
DIN No.: 08086068
KEY EXECUTIVES
Name : Mr. Ramji Lal Gupta

Designation : Company Secretary
Address : 8, Regency Priya Darshani, Khajrana Circle, Indore – 452001, Madhya Pradesh,
India
Date of Birth/Age : 10.06.1962
PAN No.: AENPG4648H
Name : Mr. Anil Singhal

Designation : Chief Financial Officer
Address : G-11, Dadhichi Chauraha, Vigyan Nagar, Rajendra Nagar, Indore – 452012,
Madhya Pradesh, India
PAN No.: AYJPS7955D
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: MARCH 2020
Category of shareholder No. of fully paid up equity shares Shareholding as a % of total no. of
held shares (calculated as per SCRR,
1957) As a % of (A+B+C2)
(A) Promoter & Promoter Group 292981689 99.03
(B) Public 2859318 0.97
Grand Total 295841007 100.00
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Statement showing shareholding pattern of the Promoter and Promoter Group
Category of shareholder No. of fully paid up equity Shareholding as a % of total

shares held no. of shares (calculated as
per SCRR, 1957)As a % of
(A+B+C2)
A1) Indian 0.00
Individuals/Hindu undivided Family 21,113 0.01
Ram Bharat 0.00
Acharya Balkrishna 0.00
Sneh Bharat 0.00
Dinesh Shahra 21,113 0.01
Kailash Shahra 0.00
Savitri devi Shahra 0.00
Abha Shahra 0.00
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Mridula Shahra 0.00
Neeta Shahra 0.00
Santosh Shahra (HUF) 0.00
Umesh Shahra 0.00
Ushadevi Shahra 0.00
Amrita Shahra 0.00
Ankesh Shahra 0.00
Sarvesh Shahra 0.00
Amisha Shahra 0.00
Neha Shahra 0.00
Nitesh Shahra 0.00
Kailash Shahra HUF 0.00
Vishesh Shahra 0.00
Mamta Khandelwal 0.00
Any Other (specify) 29,29,60,576 99.03
Umesh Shahra (Trustee of Shashwat Trust) 48,548 0.02
Ruchi Soya Industries Ltd. Beneficiary Trust 76,299 0.03

(held in the name of Trustee)*
Dinesh Shahra (holding on behalf of Ruchi 0.00
Soya Industries Ltd. Beneficiary Trust)
Dinesh Khandelwal (Trustee of Disha 14,594 0.00
Foundation Trust)
Suresh Chandra Santosh Kumar 888 0.00
shahra(Trustee of Mahakosh Family Trust)
Dinesh Shahra (holding on behalf of Disha 0.00
Foundation Trust)
Neeta Umesh Shahra (Trustee of Suyash 0.00
Trust)
Divya Yog Mandir Trust 6,00,00,000 20.28
Patanjali Gramudhyog Nayas 4,00,00,000 13.52
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APL International Pvt. Limited 589 0.00
Arandi Investment Pvt. Limited 0.00
National Steel & Agro Industries Limited 2,075 0.00
Mahakosh Holdings Private Limited 25,119 0.01
Ruchi Infrastructure Limited 2,596 0.00
Mahakosh Papers Pvt. Ltd. 0.00
Ruchi Acroni Ind Limited 0.00
Shahra Estate Pvt.Ltd. 0.00
Ruchi Infotech Ltd. 0.00
Ruchi Global Limited 7,313 0.00
Soyumm Marketing Private Limited 2,82,555 0.10
Shahra Brothers Pvt. Ltd. 0.00
Spectra Realties Pvt. Ltd. 0.00
Evershine Oleochem Limited 0.00
Shahra Securities Pvt. Ltd 0.00
Patanjali Ayurved Limited 14,25,00,000 48.17
Patanjali Parivahan Private Limited 5,00,00,000 16.90
Vedic Broadcasting Ltd. 0.00
Sanskar Info TV Pvt. Ltd. 0.00
Patanjali Agro India Pvt. Ltd. 0.00
SS Vitran Healthcare Pvt. Ltd. 0.00
Divya Packmaf Pvt. Ltd. 0.00
Patanjali Peya Pvt. Ltd. 0.00
Patanjali Paridhan Pvt. Ltd. 0.00
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Patanjali Natural Biscuits Pvt. Ltd. 0.00
Gangotri Ayurveda Ltd. 0.00
Swasth Aahar Pvt. Ltd. 0.00
Patanjali Renewable Energy Pvt. Ltd. 0.00
Vedic Broadcasting Ltd. 0.00
Sub Total A1 29,29,81,689 99.03
A2) Foreign 0.00
Bhawna Boel 0.00
A=A1+A2 29,29,81,689 99.03
Statement showing shareholding pattern of the Public shareholder
Category & Name of the Shareholders No. of fully paid up Shareholding % calculated as per
equity shares held SCRR, 1957 As a % of (A+B+C2)
B1) Institutions 0 0.00
Mutual Funds/ 230 0.00
Financial Institutions/ Banks 2401 0.00
Sub Total B1 2631 0.00
B2) Central Government/ State 0 0.00

Government(s)/ President of India
Central Government/ State Government(s)/ 8369 0.00
President of India
Sub Total B2 8369 0.00
B3) Non-Institutions 0 0.00
Individual share capital upto INR 0.200 2420412 0.82

Million
Any Other (specify) 427906 0.14
Bodies Corporate 242264 0.08
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Non-Resident Indian (NRI) 75213 0.03
Clearing Members 1868 0.00
HUF 74519 0.03
Trusts 19683 0.01
FCCB 12007 0.00
ESOP or ESOS or ESPS 2352 0.00
Sub Total B3 2848318 0.96
B=B1+B2+B3 2859318 0.97
BUSINESS DETAILS
Line of Business : • Subject engaged in the business of processing of oil-seeds and refining of
crude oil for edible use, also produces oil meal, food products from soya
and value added products from downstream and upstream processing and
also engaged in trading in various products and generation of power from
wind energy [Registered Activity]
• It is engaged in crushing of oil seeds and extraction/refining of edible oil

along with manufacturing of related products such as soya meal, soya
lecithin, vanaspati and textured proteins. It is also engaged in import/export
as well as domestic trading of various agri-commodities [From Indirect
Source]
Brand Names : Not Available
Agencies Held : Not Available
Exports : Not Divulged
Imports : Not Divulged
Terms : Not Divulged
PRODUCTION STATUS: NOT AVAILABLE
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GENERAL INFORMATION
Suppliers : Reference: Not Divulged

Name of the Person --
(Designation):
Contact Number: --
Since how long known: --
Maximum limit dealt: --
Experience: --
Remark --
Customers :
Reference: Not Divulged
Name of the Person --
(Designation):
Contact Number: --
Since how long known: --
Maximum limit dealt: --
Experience: --
Remark --
No. of Employees : 2898 [Approximately]
Bankers : • State Bank of India

• Central Bank of India
• Punjab National Bank
• Standard Chartered Bank – India
• Corporation Bank
• ICICI Bank Limited
• IDBI Bank Limited
• Bank of India
• UCO Bank
• Australia & New Zealand Banking Group Limited
• Union Bank of India
• Syndicate Bank
• Bank of Maharashtra
• Axis Bank Limited
• DBS Bank – Singapore
• Bank of Baroda
• IDFC Bank Limited (assigned to Edelweiss ARC)
• Dena Bank
• The Karur Vysya Bank Limited
• HDFC Bank Limited
• Oriental Bank of Commerce
• Rabo Bank
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• DBS Bank – India

• Standard Chartered Bank - UK
Facilities : SECURED LOANS 31.03.2019 31.03.2018

(INR In Million) (INR In Million)
SHORT TERM BORROWINGS
From Banks
Working Capital Loans 72595.020 65717.983
From Others
Working Capital Loans 200.000 200.000
Total 72795.020 65917.983
Auditors :
Name : Chaturvedi and Shah LLP
Chartered Accountants
Cost Auditors :
Name : K. G. Goyal and Company
Chartered Accountants
Memberships : Not Available
Collaborators : Not Available
Subsidiary : • Ruchi Worldwide Limited

• RSIL Holdings Private Limited
• Mrig Trading Private. Limited
• Ruchi Ethopia Holdings Limited
• Ruchi Industries Pte. Limited
Step-down Subsidiary : • Ruchi Agri Trading Pte. Limited, Singapore

• Ruchi Agri Private Limited Company
• Ruchi Agri Plantation (Cambodia) Pte. Limited
• Palmolien Industries Pte. Limited
• Ruchi Agri, SARLU
• Ruchi Middle East DMCC
Associate : • Ruchi Hi-rich Seeds Private Limited

• GHI Energy Private Limited
Joint Venture : Ruchi J-Oil Private Limited [Liquidation w.e.f. 21.08.2018]
Partner : Indian Oil Ruchi Biofuels LLP [upto 25.01.2019]
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Trust : RSIL Beneficiary Trust
Other Related party : • Shahra Brothers Private Limited

• Mahadeo Shahra & Sons
• High Tech Realty Private Limited.
• Disha Foundation Trust
• Mahakosh Holdings Private Limited.
• Ruchi Biofuels Private Limited
• Suresh Shahra HUF
• Santosh Shahra HUF
• Mahadeo Shahra Sukrat Trust
• Mahakosh Family Trust
CAPITAL STRUCTURE
AS ON: 31.03.2019
Authorised Capital :
No. of Shares Type Value Amount
1010250000 Equity Shares INR 2/- each INR 2020.500

Million
5100000 Cumulative Redeemable Preference Share INR 100/- each INR 510.000 Million
Total INR 2530.500
Million
Issued, Subscribed & Paid-up Capital :

No. of Shares Type Value Amount
334100722 Equity Shares INR 2/- each INR 668.201

Million
7630115 Less : Treasury Equity Shares INR 2/- each INR 15.260 Million
Total INR 652.941
Million
Rights, Preferences and Restrictions attached to shares
Equity Shares: The Company has one class of equity shares having a par value of INR 2 per share. Each
shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to
the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation, the equity
shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential
amounts, in proportion to their shareholding.
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Lock in Restrictions
None of the shares are subject to lock in restrictions.
Details of shares held by shareholders holding more than 5% shares in the Company.
Particulars No. of Shares %

Disha Foundation trust* -- -
Soyumm Marketing Private Limited 42,535,159 12.73%
Spectra Realities Private Limited 18,400,000 5.51%
Sawit Plantation Pte Ltd.* -- --
* Holding as on 31st March, 2019 does not exceed more than 5 percent
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FINANCIAL DATA
[all figures are in INR Million]
ABRIDGED BALANCE SHEET - STANDALONE
SOURCES OF FUNDS 31.03.2019 31.03.2018 31.03.2017
I. EQUITY AND LIABILITIES

(1)Shareholders' Funds
(a) Share Capital 652.941 652.941 652.941
(b) Reserves & Surplus (45434.944) (46138.889) 9584.120
(c) Money received against share warrants 0.000 0.000 0.000
(2) Share Application money pending allotment 0.000 0.000 0.000

Total Shareholders’ Funds (1) + (2) (44782.003) (45485.948) 10237.061
(3) Non-Current Liabilities

(a) long-term borrowings 160.727 577.568 606.175
(b) Deferred tax liabilities (Net) 0.000 0.000 4453.595
(c) Other long term liabilities 55.269 60.647 79.932
(d) long-term provisions 68.127 0.000 0.000
Total Non-current Liabilities (3) 284.123 638.215 5139.702
(4) Current Liabilities

(a) Short term borrowings 72798.020 65920.983 45559.208
(b) Trade payables 22353.770 29079.189 51807.032
(c) Other current liabilities 28679.804 26960.344 19714.007
(d) Short-term provisions 17.618 75.582 84.963
(e) Liabilities` directly associated with assets classified 17.300 17.300 17.300
as held for sale
Total Current Liabilities (4) 123866.512 122053.398 117182.510
TOTAL 79368.632 77205.665 132559.273
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets 37080.811 38416.770 39851.420
(ii) Intangible Assets 15158.930 15163.434 15169.508
(iii) Capital work-in-progress 269.130 281.225 291.626
(iv) Intangible assets under development 0.000 0.000 0.000
(b) Non-current Investments 145.055 347.148 877.823
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(c) Deferred tax assets (net) 0.000 0.000 0.000

(d) Long-term Loan and Advances 352.961 391.267 655.901
(e) Other Non-current assets 1005.275 1157.959 1243.133
Total Non-Current Assets 54012.162 55757.803 58089.411
(2) Current assets

(a) Current investments 167.935 157.963 10.859
(b) Inventories 12608.513 11910.635 12388.557
(c) Trade receivables 2622.361 2496.147 50752.811
(d) Cash and cash equivalents 4300.357 1764.349 1435.599
(e) Short-term loans and advances 11.313 55.902 111.910
(f) Other current assets 5609.235 5026.110 9733.369
(g) Assets Classified as held for Sale 36.756 36.756 36.757
Total Current Assets 25356.470 21447.862 74469.862
TOTAL 79368.632 77205.665 132559.273
PROFIT & LOSS ACCOUNT
PARTICULARS 31.03.2019 31.03.2018 31.03.2017

SALES
Income 127292.331 119941.330 185268.974
Other Income 1000.225 351.473 934.819
TOTAL 128292.556 120292.803 186203.793
Less EXPENSES
Cost of Materials Consumed 109678.957 92087.209 104809.745
Purchases of Stock-in-Trade 3553.568 14257.008 57831.109
Changes in inventories of finished goods, work-in- 787.988 56.352 2407.019
progress and Stock-in-Trade
Employees benefits expense 1511.896 1574.132 1866.704
Provision for Doubtful Debts, Advances, Bad Debts, 134.025 51501.783 13029.747
Financial guarantee Obligation and Others
Exceptional Items 0.000 0.000 (449.040)
Other expenses 10406.570 10957.751 12803.175
TOTAL 126073.004 170434.235 192298.459
PROFIT/ (LOSS) BEFORE DEPRECIATION AND 2219.552 (50141.432) (6094.666)

AMORTISATION, INTEREST AND TAX
Less DEPRECIATION/ AMORTISATION 1382.444 1403.669 1560.555
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PROFIT / (LOSS) BEFORE INTEREST AND TAX 837.108 (51545.101) (7655.221)
Less FINANCIAL EXPENSES 69.907 8557.339 8649.084
PROFIT/ (LOSS) BEFORE TAX 767.201 (60102.440) (16304.305)
Less TAX 0.000 (4369.641) (3732.324)
PROFIT/ (LOSS) AFTER TAX 767.201 (55732.799) (12571.981)
Earnings / (Loss) Per Share (INR) 2.35 (170.73) 44.41
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
PARTICULARS 31.03.2019 31.03.2018 31.03.2017
Current Maturities of Long term debt

From State Government 447.454 29.662 15.109
From Banks 0.000 0.000 2249.570
Total 447.454 29.662 2264.679
Cash generated from operations 2205.537 8816.073 5871.152
Net cash flows from operating activities 2397.870 8815.022 5770.443
QUARTERLY RESULTS
PARTICULARS 30.06.2019 30.09.2019 31.12.2019
Type 1st Quarter 2nd Quarter 3rd Quarter

Net Sales 31123.270 31016.850 37128.130
Total Expenditure 30751.330 29978.060 35267.160
PBIDT (Excl OI) 371.940 1038.790 1860.970
Other Income 133.270 136.550 128.520
Operating Profit 505.210 1175.340 1989.490
Interest 27.700 16.310 138.720
Exceptional Items NA NA 74660.690
PBDT 477.510 1159.030 76511.460
Depreciation 337.340 340.820 337.110
Profit Before Tax 140.170 818.210 76174.350
Tax NA NA NA
Provisions and contingencies NA NA NA
Profit After Tax 140.170 818.210 76174.350
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Extraordinary Items NA NA NA
Prior Period Expenses NA NA NA
Other Adjustments NA NA NA
Net Profit 140.170 818.210 76174.350
KEY RATIOS
EFFICIENCY RATIOS
PARTICULARS 31.03.2019 31.03.2018 31.03.2017
Average Collection Days 7.52 7.60 99.99

[Sundry Debtors / Income * 365]
Account Receivables Turnover 48.54 48.05 3.65

[Income / Sunday Debtors]
Average Payment Days 72.06 99.81 116.27

[Sundry Creditors / Purchases * 365]
Inventory Turnover 0.07 (4.33) (0.62)

[Operating Income / Inventories]
Asset Turnover 0.02 (0.96) (0.14)

[Operating Income / Net Fixed Assets]
LEVERAGE RATIOS
PARTICULARS 31.03.2019 31.03.2018 31.03.2017
Debt Ratio 1.57 1.59 0.91

[(Borrowing + Current Liabilities) / Total Assets]
Debt Equity Ratio (1.64) (1.46) 4.73

[Total Liability / Networth]
Current Liabilities to Networth (2.77) (2.68) 11.45

[Current Liabilities / Networth]
Fixed Assets to Networth (1.17) (1.18) 5.40

[Net Fixed Assets / Networth]
Interest Coverage Ratio 11.97 (6.02) (0.89)

[PBIT / Financial Charges]
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PROFITABILITY RATIOS
PARTICULARS 31.03.2019 31.03.2018 31.03.2017
Operating Profit Margin 0.01 (0.43) (0.04)

[EBIT / Total Revenue]
Net Profit Margin % 0.60 (46.47) (6.79)

[(PAT/Sales) * 100]
Return on Total Assets % 0.97 (72.19) (9.48)

[(PAT / Total Assets) * 100]
Return on Investment (ROI) % (1.71) 122.53 (122.81)

[(PAT / Networth) * 100]
SOLVENCY RATIOS
PARTICULARS 31.03.2019 31.03.2018 31.03.2017
Current Ratio 0.20 0.18 0.64

[Current Assets / Current Liabilities]
Quick Ratio 0.10 0.08 0.53

[(Current Assets - Inventories) / Current Liabilities]
G-Score Ratio Financial (0.56) (0.59) 0.08

[Networth / Total Assets]
G-Score Ratio Debt 112.42 101.89 74.17

[Debts / Equity Capital]
G-Score Ratio Liquidity 0.20 0.18 0.64

[Total Current Assets / Total Current Liabilities]
Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts
STOCK PRICES
Face Value INR 2/-
Market Value INR 1250.30/-
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FINANCIAL ANALYSIS
[all figures are in INR Million]
DEBT EQUITY RATIO
Particular 31.03.2017 31.03.2018 31.03.2019

INR In Million INR In Million INR In Million
Share Capital 652.941 652.941 652.941
Reserves & Surplus 9584.120 (46138.889) (45434.944)
Share Application money pending allotment 0.000 0.000 0.000
0.000 0.000 0.000
Net worth 10237.061 (45485.948) (44782.003)
Long Term borrowings 606.175 577.568 160.727

Short Term borrowings 45559.208 65920.983 72798.020
Current maturities of long term debt 2264.679 29.662 447.454
Total borrowings 48430.062 66528.213 73406.201
Debt/Equity ratio 4.731 (1.463) (1.639)
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YEAR-ON-YEAR GROWTH
Year on Year Growth 31.03.2017 31.03.2018 31.03.2019

Sales 185268.974 119941.330 127292.331
(35.261) 6.129
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NET PROFIT MARGIN
Net Profit Margin 31.03.2017 31.03.2018 31.03.2019

Sales 185268.974 119941.330 127292.331
Profit/(Loss) (12571.981) (55732.799) 767.201
(6.79%) (46.47%) 0.60%
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ABRIDGED BALANCE SHEET – CONSOLIDATED
SOURCES OF FUNDS 31.03.2019 31.03.2018
I. EQUITY AND LIABILITIES

(1)Shareholders' Funds
(a) Share Capital 652.941 652.941
(b) Reserves & Surplus (47841.906) (47721.479)
(c) Money received against share warrants 0.000 0.000
(2) Share Application money pending allotment 0.000 0.000

Non Controlling interest (3039.266) (2261.764)
Total Shareholders’ Funds (1) + (2) (50228.231) (49330.302)
(3) Non-Current Liabilities

(a) long-term borrowings 160.796 733.523
(b) Deferred tax liabilities (Net) 1.242 1.132
(c) Other long term liabilities 106.504 108.760
(d) long-term provisions 115.311 0.104
Total Non-current Liabilities (3) 383.853 843.519
(4) Current Liabilities

(a) Short term borrowings 82290.984 74284.834
(b) Trade payables 18690.423 25444.784
(c) Other current liabilities 28468.429 26599.282
(d) Short-term provisions 17.899 75.641
(e) Liabilities` directly associated with assets classified as held for sale 17.300 17.300
Total Current Liabilities (4) 129485.035 126421.841
TOTAL 79640.657 77935.058
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets 37247.502 38722.772
(ii) Intangible Assets 15158.930 15163.434
(iii) Capital work-in-progress 269.130 281.225
(iv) Intangible assets under development 0.000 0.000
(b) Non-current Investments 136.588 326.821
(c) Deferred tax assets (net) 0.000 0.000
(d) Long-term Loan and Advances 353.876 399.849
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(e) Other Non-current assets 1015.701 1169.547

Total Non-Current Assets 54181.727 56063.648
(2) Current assets

(a) Current investments 175.602 113.550
(b) Inventories 12618.244 11912.623
(c) Trade receivables 2641.103 2831.597
(d) Cash and cash equivalents 4312.121 1784.194
(e) Short-term loans and advances 11.290 55.880
(f) Other current assets 5663.814 5136.810
(g) Assets Classified as held for Sale 36.756 36.756
Total Current Assets 25458.930 21871.410
TOTAL 79640.657 77935.058
PROFIT & LOSS ACCOUNT– CONSOLIDATED
PARTICULARS 31.03.2019 31.03.2018

SALES
Income 127292.331 120270.507
Other Income 1201.479 368.869
TOTAL 128493.810 120639.376
Less EXPENSES
Cost of Materials Consumed 109678.969 91681.706
Purchases of Stock-in-Trade 3563.299 15186.092
Changes in inventories of finished goods, 778.257 56.352
work-in-progress and Stock-in-Trade
Employees benefits expense 1534.296 1599.424
Provision for Doubtful Debts, Advances, B 548.979 51953.510
ad Debts, Financial guarantee Obligation and Others
Other expenses 10462.399 10887.188
TOTAL 126566.199 171364.272
PROFIT/ (LOSS) BEFORE DEPRECIATION AND 1927.611 (50724.896)

AMORTISATION, INTEREST AND TAX
Less DEPRECIATION/ AMORTISATION 1385.033 1427.946
PROFIT/ (LOSS) BEFORE INTEREST AND TAX 542.578 (52152.842)
Less FINANCIAL EXPENSES 1422.036 9703.761
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its officials.
PROFIT/ (LOSS) BEFORE TAX (879.458) (61856.603)
Less TAX 0.254 (4373.906)
Profit/(loss) after tax for the year before share in (879.712) (57482.697)
profit/(loss) of joint venture and associates
Share of Net Profit/(Loss) of joint ventuers and Associates (0.720) (63.349)
Profit/(loss) after tax for the year after (880.432) (57546.046)

share in profit/(loss) of joint venture and associate
Earnings / (Loss) Per Share (INR) (0.32) (172.70)
GST FILING STATUS
Subject has filed its GST returns with the concerned authorities till May 2020 as seen from the below table.
32AAACR2892L1Z7 [Kerala]
Return Type Financial Year Tax Period Date of filing Status
GSTR3B 2019-2020 March 04/05/2020 Filed
GSTR1 2019-2020 March 09/04/2020 Filed
GSTR3B 2019-2020 February 20/03/2020 Filed
GSTR1 2019-2020 February 06/03/2020 Filed
GSTR3B 2019-2020 January 20/02/2020 Filed
GSTR1 2019-2020 January 08/02/2020 Filed
GSTR3B 2020-2021 May 20/06/2020 Filed
GSTR1 2020-2021 May 06/06/2020 Filed
GSTR3B 2020-2021 April 02/06/2020 Filed
GSTR1 2020-2021 April 09/05/2020 Filed
27AAACR2892L1ZY [Maharashtra]
GSTR1 2019-2020 March 30/04/2020 Filed
GSTR3B 2020-2021 May 20/06/2020 Filed
GSTR1 2020-2021 May 11/06/2020 Filed
GSTR1 2020-2021 April 11/05/2020 Filed
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its officials.
34AAACR2892L1Z3 [Puducherry]
GSTR1 2019-2020 March 17/04/2020 Filed
GSTR3B 2020-2021 May 20/06/2020 Filed
GSTR1 2020-2021 May 06/06/2020 Filed
GSTR1 2020-2021 April 12/05/2020 Filed
33AAACR2892L1Z5 [Tamil Nadu]

GSTR1 2019-2020 March 21/04/2020 Filed
GSTR3B 2020-2021 May 20/06/2020 Filed
GSTR1 2020-2021 May 10/06/2020 Filed
GSTR1 2020-2021 April 12/05/2020 Filed
LOCAL AGENCY FURTHER INFORMATION
Sr. Check list by info agents Available in Report

No. (YES/NO/NA)
1 Year of establishment YES
2 Constitution of the entity -Incorporation details YES
3 Locality of the entity YES
4 Premises details NO
5 Buyer visit details --
6 Contact numbers YES
7 Name of the person contacted NO
8 Designation of contact person NO
9 Promoter’s background YES
10 Date of Birth of Proprietor / Partners / Directors YES
11 Pan Card No. of Proprietor / Partners NO
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its officials.
12 Voter Id Card No. of Proprietor / Partners NO

13 Type of business YES
14 Line of Business YES
15 Export/import details (if applicable) NO
16 No. of employees YES
17 Details of sister concerns YES
18 Major suppliers NO
19 Major customers NO
20 Banking Details YES
21 Banking facility details YES
22 Conduct of the banking account --
23 Financials, if provided YES
24 Capital in the business YES
25 Last accounts filed at ROC, if applicable YES
26 Turnover of firm for last three years YES
27 Reasons for variation <> 20% --
28 Estimation for coming financial year NO
29 Profitability for last three years YES
30 Major shareholders, if available YES
31 External Agency Rating, if available YES
32 Litigations that the firm/promoter involved in --
33 Market information --
34 Payments terms NO
35 Negative Reporting by Auditors in the Annual Report NO
CORPORATE INFORMATION
Ruchi Soya Industries Limited (‘the Company’) is a Public Limited Company engaged primarily in the business of
processing of oil-seeds and refining of crude oil for edible use. The Company also produces oil meal, food
products from soya and value added products from downstream and upstream processing. The Company is also
engaged in trading in various products and generation of power from wind energy. The Company has
manufacturing plants across India and is listed on the Bombay Stock Exchange Limited (BSE) and National Stock
Exchange of India Limited (NSE). The Company’s registered office is at Ruchi House, Royal Palms, Survey No.
169, Aarey Milk Colony, Near Mayur Nagar, Goregaon (E), Mumbai – 400065, Maharastra.
Corporate Insolvency Resolution Process (“CIRP”) hasbeen initiated in case of the Company vide an order no.
CP1371 & CP1372/I&BP/NCLT/MAH/2017 delivered on 15th December 2017 of Hon’able National Company Law
Tribunal (“NCLT”), Mumbai Bench under the Provisions of the Insolvency and Bankruptcy Code, 2016 (the Code).
Pursuant to the order, the management of affairs of the Company and powers of board of directors of the
Company are now vested with the Resolution Professional (“RP”) who is appointed by the Committee of Creditors
(“CoC”). These financial statements have been prepared by the management of the Company and certified by Mr.
Anil Singhal, Chief Financial Officer and Mr. R. L. Gupta, Company Secretary, and approved by Resolution
Professional Mr. Shailendra Ajmera [IP Registration no.IBBI/IPA-001/IP-P00304/2017-18/10568].
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its officials.
PERFORMANCE REVIEW
The company achieved a total income of INR 128292.556 Million during the year as against INR 120292.803
Million in the previous financial year. Profit/(Loss) after Tax for the year stood at INR 767.201 Million as against
(INR 55732.799 Million) for the previous year.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT
Industry structure and Development
The primary business of your Company is processing of oilseeds and refining of imported crude oil for edible use.
The Company produces oil meal, food products from soya and value added products from downstream and
upstream businesses. The company has an integrated value chain in palm and soya segments having a farm to
fork business model.
Considering the growing population and the food habits across India, edible oils form an essential part of the
modern diet. The total consumption of edible oil in India is estimated to be around 24 million metric ton out of
which domestic supply is approx. 7 million metric ton due to stagnant production of edible oil seeds, leaving
demand-supply gap of 17 million metric ton to be bridged by imports.
Industry Outlook
Consumption growth
As per the industry sources, India’s consumption growth is pegged at 5% p.a (6.31% in FY19) and the country is
expected to be consuming around 34 Million tonnes of edible oil by 2025, with a projected vegetable oil imports
bill of US$25 Billion. The growth in consumption presents an opportunity to build around a sustainable business
model to participate in the import activity and domestic business to capitalise the business prospects .
Improvement in production of Mustard seed
India is producing about 28 million tonnes of Oilseeds out of which 7 million tonnes in Mustard oilseeds. Industry
associations have proposed Mustard oilseeds production target of 15 million tonnes by 2025, with a sub target of
10 million tonnes by 2020 thereby doubling the income of farmers to accomplish vision of Honourable Prime
Minister of India in the next five years.
UNSECURED LOANS
PARTICULARS 31.03.2019 31.03.2018

LONG-TERM BORROWINGS
Deferred Sales Tax Liability 144.407 562.200
Cumulative Redeemable Preference Shares
2,00,000 [Previous year 2,00,000] of face value of INR 16.320 15.368
100/- each fully paid-up
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SHORT TERM BORROWINGS

Intercorporate Deposit 3.000 3.000
Total 163.727 580.568
CONTINGENT LIABILITIES:
Particulars 31.03.2019 31.03.2018

Claims against the Company not acknowledged as debts (to the 3,09.515 2,57.857
extent quantified)
Guarantees
(i) Outstanding bank Guarantees 186.672 294.799
(ii) Outstanding corporate gurantees given on behalf of
Indian Associate (Sanctioned amount INR 960.000 million [Previous Year 372.600 457.200
INR 960.000 million]
Other Money for which Company is Contingently liable
(i) Disputed Demand
1. Excise Duty 881.187 891.549
2. Service Tax 154.236 149.162
3. Customs Duty 1842.942 1886.697
4. Income tax 309.316 199.288
5. Other Acts 2.937 34.978
6. Sales Tax [Refer Note (ii) below] 8345.694 8022.193
Notes:
(ii) Deputy State Tax Commissioner Corporate, Rajkot, Gujarat, during inspection under Gujarat Value Added Tax
Act-2003 alleged that dealers from whom purchases were made by the Company during FY 2013-2014 to 2017-
2018 have not paid tax to government treasury and due to that input credit claimed by the Company is not
eligible. It is also alleged that the Company has not done transactions on market price. Therefore, demand of INR
1344.118 million of Tax and INR 2883.563 million of penalty aggregating to INR 4327.681/- million have been
made against the Company and Company’s plants at Kandla which include Refinery, Oleochem and Guargum
Division has been impounded. The Company has made submissions and following up the matter with the
appropriate authorities. The Company, based on merits of the case, does not expect material liability on this
account hence no provision has been made in the books of accounts. Furthermore, Gujarat High Court passed an
order in this matter pursuant whereby the retrospective cancellation of registration has stayed and the matter is
remanded to Tribunal for further hearing, which is pending.
(iii) During an earlier year , the Company had received claims amounting to US$ 662,67,857.31 (to the extent
quantified) from two overseas entities (claimants) in respect of performance guarantees purportedly given by the
Company as a second guarantor on behalf of an overseas entity in respect of contracts entered into between the
claimants and the overseas entity. The Company denies giving the guarantees and has disputed the claims and is
has taken appropriate legal actions and making suitable representations in the matter. The Company does not
expect that any amount will become payable in respect of the claims made. No provision is made in respect of the
same in the books of account.
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(iv) In relation to trading in Castor seed contracts on National commodity and Derivative Exchange limited
(NCDEX), pending investigation by Securities and Exchange Board of India [SEBI], amount of liability, if any, can
not be ascertained at this stage.
(v) The Competition Commission of India has issued a notice under section 36(2) read with section 41(2) of The
Competition Act, 2002 (the Act) into alleged violations of the said Act. The Company has made representation in
the matter from time to time. Later a investigation by Director General was initiated under section 26(1) of the Act.
The hearing was completed on 28.06.2016 and Competition Commission of India had passed an order clearly
stating that there was no contravention of the Provisions of the Act. Aggrieved by the same, the other party filed
the writ petition in High Court in Delhi challenging the order of the Competition Commission of India. The final
order of the High Court is awaited. Pending receipt of the order, liability, if any, that may arise in this regard
cannot be ascertained at this stage.
(vi) The Honourable Supreme Court, has passed a decision on 28th February, 2019 in relation to inclusion of
certain allowances within the scope of “Basic wages” for the purpose of determining contribution to provident fund
under the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952. The Company is awaiting further
clarifications in this matter in order to reasonably assess the impact on its financial statements, if any.
Accordingly, the applicability of the judgement to the Company, with respect to the period and the nature of
allowances to be covered, and resultant impact on the past provident fund liability, cannot be reasonably
ascertained, at present.
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE
MONTHS ENDED 31 DECEMBER 2019
(INR in Million)
PARTICULARS Preceding 3 months Nine Month
Ended
31.12.2019 30.09.2019 31.12.2019

Unaudited Unaudited Unaudited
Revenue from operations 37128.126 31016.845 99268.242
Other Income 128.519 136.552 398.341
Total Income 37256.645 31153.397 99666.583
Expenses
Cost of Materials Consumed 31878.203 25256.890 84593.797
Purchases of Stock-in-Trade 883.192 911.564 2441.536
Changes in inventories of finished goods, work-in- (407.437) 650.310 (112.226)
progress and Stock-in-Trade
Employee benefits expenses 356.403 421.424 1144.476
Finance costs 138.715 16.305 182.724
Depreciation and amortization expense 337.108 340.820 1015.272
Provision for Doubtful Debts, Advances, Bad 99.072 70.992 221.506
Debts, Financial guarantee Obligation and Others
Other expenses 2457.738 2666.891 7707.481
Total Expenses 35742.994 30335.196 97194.566
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Profit/(Loss) Before Exceptional Items and tax 1513.651 818.201 2472.017

expenses
Exceptional Items 74660.691 -- 74660.691
Profit/(Loss) Before Tax 76174.342 818.201 77132.708
Tax Expenses
Current Tax -- -- --
Deferred Tax -- -- --
Profit After Tax 76174.342 818.201 77132.708
Other Comprehensive Income (OCI)

Items that will not be reclassified to profit or
loss
Remeasurements of the defined benefit plans 6.330 (38.248) (47.413)
Equity Instruments through other Comprehensive 4.595 (11.628) (20.869)
Income
Total Comprehensive income for the period 76185.267 768.325 77064.426
paid-up Equity share capital(Face value INR 2/- 591.529 652.941 591.529
each)
Earnings per share(of INR 2/-each)(not
annualized)
Basic 3947.77 244.90 3997.43
Diluted 3947.77 244.90 3997.43
SEGHMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES
(INR in Million)
PARTICULARS Quarter Ended Nine Month
Ended
31.12.2019 30.09.2019 31.12.2019

Unaudited Unaudited Unaudited
SEGMENT REVENUE
Oils 31921.733 26442.339 84201.576
Vanaspati 1835.474 1882.621 5458.431
Seed Extraction 8083.878 6291.427 22121.400
Food Products 1247.363 1587.975 4421.298
Wind Turbine Generation 98.410 197.478 465.172
Others 422.682 366.247 1178.620
Total 43609.540 36768.087 117846.497
Less: Inter Segment Revenue 6481.414 5761.242 18578.255
Net Sales /Income from operations 37128.126 31016.845 99268.242
SEGMENT RESULTS
Profit/Loss (before tax, interest and Investment
income from each segment)
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its officials.
Oils 1132.113 425.112 1678.057

Vanaspati 24.949 5.422 35.519
Seed Extraction 423.487 166.198 607.409
Food Products 65.031 56.639 153.203
Others (75.813) 56.149 (116.180)
TOTAL 1681.855 827.370 2675.231
Less: Finance Cost 138.715 16.305 182.724
Unallocable Income including Interest income (69.583) (78.128) (201.016)
net off unallocable expenses
Provision for Doubtful Debts, Advances, bad 99.072 70.992 221.506
Debts and Others
Profit / (Loss) before exceptional items and tax 1513.651 818.201 2472.017
expenses
Exceptional items 74660.691 -- 74660.691
Profit /(loss) before tax 76174.342 818.201 77132.708
SEGMENT ASSETS
Oils 18356.805 18833.917 18356.805
Vanaspati 1699.712 2075.914 1699.712
Seed Extraction 7583.154 5387.454 7583.154
Food Products 1319.429 1180.017 1319.429
Others 2246.668 2577.448 2246.668
Unallocated 47707.634 45600.306 47707.634
Total 82630.664 79396.668 82630.664
SEGMENT LIABILITIES
Oils 1620.865 25589.151 1620.865
Vanaspati 2.009 1.729 2.009
Seed Extraction 652.283 325.230 652.283
Food Products 14.938 25.675 14.938
Others 871.788 4726.754 871.788
Unallocated 45351.043 92618.210 45351.043
Total 48512.997 123299.514 48512.997
FIXED ASSETS:
Tangible Assets:
• Land
• Building
• Plant & Equipment’s
• Windmills
• Furniture and Fixture
• Vehicles
• Office Equipment’s
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its officials.
Intangible Assets:
• Computer Software
• Trade Marks/ Brands
PRESS RELEASE:
PATANJALI MOVES CLOSER TO ACQUISITION OF RUCHI SOYA

Apr 11, 2019
NEW DELHI | MUMBAI: Patanjali Ayurved’s proposed acquisition of Ruchi Soya NSE 3.26 % has reached the
final stages with the Committee of Creditors (CoC) meeting on Tuesday to clear the proposed deal, two officials
directly aware of the developments said.
“The deal is likely to be announced this month,” one of the officials mentioned above, said.
Patanjali Ayurved spokesperson SK Tijarawala confirmed the committee of creditors meeting on Tuesday but
declined to comment on details.
An email sent to Ruchi Soya’s spokesperson remained unanswered till press time.
Last month, the Baba Ramdev led Patanjali revised its offer to acquire the debt-laden Ruchi Soya Industries to
INR 43500.000 million, INR 2000 million more than it had offered earlier and topping Adani Wilmar's bid of INR
41000 million.
Of the INR 43500 million, INR 1150 million will come as company equity, while the balance INR 42350 million will
be distributed among financial creditors. Public sector lenders IDBI Bank and SBI have the highest exposure to
Ruchi Soya, the bankrupt edible oil company. Adani Wilmar was the other bidder, but withdrew recently citing
delay in completion of the insolvency process.
“Patanjali will submit details of the distribution of INR 42350 million to financial creditors in a couple of days,” said
an official close to the development. “The committee of creditors will meet in the third week of April again to
discuss the disbursal of funds,” he added.
Packaged foods maker Ruchi Soya, saddled with an overall debt of close to INR 120000 million, owns brands
such as Nutrela, Mahakosh, Sunrich, Ruchi Star and Ruchi Gold. At the end of 2017, the debt-laden company
was referred to the National Company Law Tribunal (NCLT) following petitions from creditors Standard Chartered
Bank and DBS Bank.
For the Haridwar-based Patanjali Ayurved, which approached the NCLT against the lenders’ decision in favour of
Adani Wilmar, the potential acquisition of Ruchi Soya will be its biggest.
Shailendra Ajmera is the resolution professional (RP) appointed by NCLT on the application of creditors Standard
Chartered Bank and DBS Bank under the Insolvency and Bankruptcy Code.
Patanjali Ayurved, which makes staples, personal care and packaged foods, saw revenues for the year ended
March 2018 decline 10% to INR 81350 million from INR 90300 million in FY17 after five years of impressive
growth, according to data from research platform Tofler. Company chief executive Acharya Balkrishna had
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attributed the slowing sales to its supply chain and distribution network not being able to keep pace with its
growth, in addition to internal restructuring.
The potential acquisition of Ruchi Soya will help the ayurveda bellwether gain captive brand share, the largest oil
seed extraction capacity in the country, and 24 plants of crushing, milling, refining and packaging edible oils.
Ruchi Soya is also one of the country’s largest exporters of valueadded soy products.
RUCHI SOYA INSOLVENCY: LENDERS TO VOTE ON PATANJALI'S INR 43500 MILLION OFFER NEXT
WEEK
26 Apr 2019
Ruchi Soya has many manufacturing plants and its leading brands include Nutrela, Mahakosh, Sunrich, Ruchi
Star and Ruchi Gold
Ruchi Soya Industries owes around INR 93450 million to financial creditors and another INR 27500 million to
operational creditors
NEW DELHI: Lenders of debt-ridden Ruchi Soya will vote on April 30 to decide on Baba Ramdev-led Patanjali
Ayurved's revised INR 43500 million bid for the edible oil firm, sources said.
Patanjali, the lone player left in contention after the exit of Adani Wilmar, had last month increased its bid value by
around INR 2000 million to INR 43500 million for the Madhya Pradesh-based Ruchi Soya. This excludes capital
infusion of INR 1700 million into the company.
Sources said the Committee of Creditors (CoC) met on Friday to discuss the revised bid of Patanjali and decided
to conduct the voting process on April 30.
In December 2017, the National Company Law Tribunal (NCLT) had referred Ruchi Soya for insolvency
proceedings on the application of financial creditors Standard Chartered Bank and DBS Bank.
Shailendra Ajmera was appointed as resolution professional (RP) to manage the affairs of the company and
undertake the insolvency proceedings.
Ruchi Soya Industries owes around INR 93450 million to financial creditors and another INR 27500 million to
operational creditors.
Among financial creditors, the State Bank of India (SBI) has the maximum exposure of around INR 18000 million,
followed by Central Bank of India INR 8160 million, Punjab National Bank INR 7430 million and Standard
Chartered Bank - India INR 6080 million.
Star and Ruchi Gold.
"We have revised our bid to INR 43500 million from earlier offer of INR 41600 million. We are ready to bail out
Ruchi Soya which has the biggest infrastructure for soyabean. It's a national asset," Patanjali's spokesperson S K
Tijarawala had said last month.
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The decision to increase the bid was taken in the interest of all stakeholders, including farmers and consumers,
he had said.
Adani Wilmar, which emerged as the highest bidder in August last year after a long drawn battle with Patanjali,
had in December 2018 written to the RP regarding significant delays in resolution process that led to deterioration
of Ruchi Soya's assets.
Later, Adani Wilmar, which sells edible oil under the Fortune brand, withdrew from the race.
Adani Wilmar had then said the process was getting delayed as the Patanjali group moved the NCLT, Mumbai.
Patanjali Ayurved had approached NCLT challenging the decision of Ruchi Soya's lenders to approve Adani
Wilmar's INR 60000 million takeover bid.
Patanjali group came second with its bid of around INR 57000 million, including the infusion of about INR 17000
milion into the edible oil company.
PATANJALI BID FOR RUCHI SOYA: NCLT RESERVES ORDER, SEEKS FUNDING DETAILS AGAIN
May 10, 2019
Mumbai: The National Company Law Tribunal (NCLT) Friday reserved its order on the INR 43500 million offer by
Patanjali to take over the crippled edible oil firm Ruchi SoyaNSE 3.26 % and again sought clarity on INR 6000
million of part-funding committed as internal accruals for the acquisition.
This is the second time that the tribunal has sought details of INR 6000 million, and asked them to file written
submission on the same.
The counsel for the Haridwar-headquartered Patanjali reiterated that INR 6000 million of the INR 43500 million
fund will be met through internal accruals and offered to submit a written submission on the same.
The committee of creditors said Patanjali has already paid INR 2000 million as guarantee.
Meanwhile, ICICI Bank moved the tribunal to secure INR 650 million dues from Ruchi Soya.
NCLT had earlier directed ICICI Bank to reverse the transactions carried out on Ruchi Soya to retrieve around
INR 480 million and INR 650 million with interest, that the bank had paid towards a letter of credit from latter's
current account.
Following this, ICICI Bank approached National Company Law Appellate Tribunal, who said the private lender
cannot be forced to pay the amount.
To which, the lenders said since ICICI Bank will not pay the amount, their cut in the overall recovery amount will
also be lower.
The ICICI Bank counsel said in case NCLAT reverses its order later, the lender will not only have to pay but also
to take a lower haircut from the total recovery.
An NCLT bench of judges VP Singh and Ravikumar Duraisamy asked them to file a written submissions in this
regard saying as ICICI Bank is also a financial creditor they will consider their application.
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In December 2017, NCLT had referred Ruchi Soya for insolvency on applications moved by Standard Chartered
Bank and DBS Bank and appointed Shailendra Ajmera as the RP.
Patanjali, the lone player left, had last month increased its bid value by around INR 1400 million to INR 43500
million. The offer excludes capital infusion of INR 17000 million.
Ruchi Soya owes over INR 93450 million to financial creditors led by the State Bank, which has an exposure of
INR 18000 million, followed by Central Bank at INR 8160 million, Punjab National Bank at INR 7430 million and
StanChart at INR 6080 million.
PATANJALI'S QUEST FOR RUCHI SOYA: VALUATION HURDLE MAY IMPEDE GROWTH PLANS
May 9, 2019
Patanjali's revised bid of INR 60000 million, against Ruchi Soya's total approved debt of INR 121465.800 million,
is not enough to cover even the half of the debt
Just when it seemed on the brink of ending to Patanjali’s management, its battle for acquiring beleaguered edible
oil maker Ruchi Soya has hit another hurdle. This time, the objections have come from a couple of creditors of the
debt-laden firm — DBS Bank Singapore and DBS India.
DBS India, the local unit of Singapore-headquartered financial services group DBS, and DBS Bank Singapore
have approached the National Company Law Tribunal (NCLT) in Mumbai challenging the recently approved deal
to sell Ruchi Soya. The group — one of the many creditors that dragged the edible oil maker to the insolvency
tribunal — told NCLT that it finds the deal insufficient to cover its dues. And it wants a larger share of the money
that Patanjali has offered to pay for Ruchi Soya.
According to Ruchi Soya’s latest release, dated April 26, DBS Bank Singapore and DBS India are two of its
financial creditors to whom it owes INR 2972.400 million. In the pecking order of the amount of money due, DBS
Bank Singapore is Ruchi Soya's 15th largest creditor with pending dues worth INR 2429.600 million, and DBS
India stands at 23rd place with dues amounting to INR 542.8 million.
RUCHI SOYA SHARES DOUBLE POST NCLT NOD TO PATANJALI

August 09, 2019
Ruchi Soya shares have been rising continuously ever since the National Company Law Tribunal approved the
proposal of Baba Ramdev-promoted Patanjali Ayurved to acquire the company.
On Friday, Ruchi Soya’s stock hit the upper circuit to close at INR 6.42, a whopping gain of over 90 per cent from
the 52-week low of INR 3.28 that it had registered on July 27.
The NCLT, in July, had approved the bid for Ruchi Soya under the Insolvency and Bankruptcy Code. Earlier,
Patanjali Ayurveda had received the approval for its resolution plan from the committee of creditors, a group of
financial creditors.
Beleaguered Ruchi Soya, which has a debt of about INR 120000.000 million as of December 31, 2017, is India’s
largest edible oilseed extraction and refining company, with a capacity of 3.72 mtpa. According to the resolution
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its officials.
plan, Patanjali will infuse INR 43500.000 million in a special purpose vehicle. While INR 42350.000 million would
go to creditors, the balance INR 1150.000 million would be used for improving operations of Ruchi Soya.
Standard Chartered and DBS, creditors to Ruchi Soya, moved the NCLT for insolvency proceedings for about
INR 7000.000 million. Besides, the edibile oil major also owed money to 16 other banks. Earlier, Adani Wilmar
had emerged as the highest bidder with a INR 60000.000 million bid to acquire the company, pushing back
Patanjali Ayurved in the ongoing insolvency process that was approved by the lenders too. However, Patanjali
moved the NCLT challenging the lenders’ decision to approve Adani Wilmar’s bid. Later, Adani Wilmar, which
sells edible oil under the Fortune brand, withdrew from the race.
RAMDEV'S PATANJALI GETS CONTROL OF RUCHI SOYA AFTER NCLT APPROVES INR 43500.000
MILLION BID
July 26, 2019
Ruchi Soya owes over INR 93450.000 crore to financial creditors led by State Bank of India, which has an
exposure of INR 18000.000 million, followed by Central Bank at INR 8160.000 million, Punjab National Bank at
INR 7430.000 million and StanChart at INR 6080.000 million and DBS at INR 2430.000 million.
After a protracted battle, the NCLT Thursday finally cleared the INR 43500.000 million bid by yoga-exponent
Ramdev-run Patanjali Ayurved to take over edible oil player Ruchi Soya, which owes over INR 93450.000 million
to the lenders & around INR 28000.000 million to other creditors. The NCLT approval comes after it dismissed the
petitions filed by Standard Chartered Bank and Singaporean lender DBS, which had both challenged the low bid
by Patanjali and the resultant lower payout.
Ruchi Soya owes over INR 93450.000 million to financial creditors led by State Bank of India, which has an
exposure of INR 18000.000 million, followed by Central Bank at INR 8160.000 million, Punjab National Bank at
INR 7430.000 million and StanChart at INR 6080.000 million and DBS at INR 2430.000 million. Thus the
resolution comes at over INR 60 percent haircut to the lenders. That apart, the RP has admitted claims worth INR
27166.100 million from operational creditors. The order does not say how much they will get from the proceeds,
though.
The tribunal said its "approval for the deal is subject to the resolution professional (RP) bridging the information
gap regarding the exact source of funds worth INR 6000.000 million that is part of bid before the next date of
hearing on August 1." The tribunal also asked the RP to furnish the actual cost of the entire resolution process.
"The RP is directed to submit detailed breakup of the entire resolution cost before the next date of listing on
August 1," the tribunal said in a 43-page order.
Reacting to the order, Patanjali managing director Acharya Balkrishna said this is a positive development which
will help it expand the Swadeshi movement. "This is a great step to utilize the idle national resources. This will
help us strengthen the Swadeshi movement which in turn will help the farmers," Balkrishna told PTI. He also said
the company will utlise the infrastructure of Ruchi Soya for the betterment of farmers. "This is a great step to
utilize the idle national resources. This will help us strengthen the Swadeshi movement which in turn will help the
farmers," Balkrishna told PTI.
He also said the company will utlise the infrastructure of Ruchi Soya for the betterment of farmers. The NCLT had
concluded the hearing on the case on May 10 and reserved its order on the INR 43500.000 million offer by
Patanjali to take over the crippled edible oil firm. Reserving the order it had sought clarity on INR 6000.000 million
of part- funding committed as internal accruals for the acquisition.
EMISPDF
its officials.
The counsel for the Haridwar-headquartered Patanjali reiterated that INR 6000.000 million of the INR 43500.000
million fund would be met through internal accruals but did not furnish a detailed break-up of the same yet,
despite the tribunal directing it to do so twice. In December 2017, NCLT admitted the bankruptcy petition filed by
Standard Chartered Bank and DBS against Ruchi Soya and had appointed Shailendra Ajmera as the RP, who
had received over two dozen expressions of interest initially.
But financial bids were submitted only by Adani Wilmar and Patanajali. Later citing delays, Adani withdrew from
the process despite being the highest bidder, leaving Patanjali alone in the fray, which had in April increased its
bid value by around INR 1400.000 million to INR 43500.000 million. The offer excludes a staggered capital
infusion of INR 17000.000 million.
With the acquisition of Ruchi Soya, Patanjali will become a major player in soyabean oils and other edible oils.
Ruchi Soya has many functional plants and its leading brands include Nutrela, Mahakosh, Sunrich, Ruchi Star
and Ruchi Gold and has one of the best functional and the largest infrastructure for soyabean. Adani Wilmar,
which sells edible oil under the Fortune brand, was the highest bidder last August after a long-drawn battle with
Patanjali. But then said the process was getting delayed as Patanjali moved the Mumbai NCLT.
For Patanjali, which was clocking multi-fold growth in recent years, saw a marginal growth in FY18 hit by GST,
finishing at around INR 120000.000 million, the deal will help boost both bottomlines and topline. In FY17 it had a
turnover of INR 105610.000 million, registering 111 percent growth. The Competition Commission had cleared the
deal on March 6, 2019.
RUCHI SOYA INDUSTRIES STANDALONE NET PROFIT RISES 121003.82% IN THE DECEMBER 2019
QUARTER
February 14, 2020
Sales rise 6.88% to INR 37128.1 Million
Net profit of Ruchi Soya Industries rose 121003.82% to INR 761.743 Million in the quarter ended December 2019
as against INR 62.9 Million during the previous quarter ended December 2018. Sales rose 6.88% to INR 371.281
Million in the quarter ended December 2019 as against INR 34736.5 Million during the previous quarter ended
December 2018. ParticularsQuarter EndedDec. 2019Dec. 2018% Var.Sales3712.813473.65 7 OPM %5.010.52 -
PBDT185.0742.61 334 PBT151.366.29 2306 NP7617.436.29 121004
PATANJALI TO PUMP IN INR 34380 MILLION IN RUCHI SOYA TO SETTLE CREDITORS' DUES
September 8, 2019
Ruchi Soya informed that resolution applicant Patanjali group will infuse INR 2047.5 million as equity and INR
32333.6 Million as debt
Baba Ramdev-led Patanjali Ayurved, which got the NCLT approval last week to acquire Ruchi Soya in an
insolvency process, will infuse over INR 34380 million as equity and debt to settle dues of creditors of the debt-
laden firm.
EMISPDF
its officials.
Ruchi Soya informed the exchanges that the National Company Law Tribunal (NCLT), Mumbai in its order dated
September 6 approved Patanjali's INR 43500 million resolution plan with certain modifications that were accepted
by the bidder.
Ruchi Soya informed that resolution applicant Patanjali group will infuse INR 2047.5 million as equity and INR
32333.6 million as debt.
The amount will be infused in a special purpose vehicle 'Patanjali Consortium Adhigrahan Private Limited , which
will be later amalgamated with Ruchi Soya.
Another INR 9000 million will be infused by the Patanjali group through subscription of non-convertible
debentures and preference shares in the SPV. It will also provide credit guarantee of nearly INR 120 million.
On April 30 this year, a committee of creditors had approved the Patanjali group's INR 43500 Million resolution
plan to take over Ruchi Soya, which is into edible oil business. Lenders will have to take a hair cut of around 60
per cent.
The bid, approved by the NCLT, is binding on Ruchi Soya as well as its employees, members creditors,
guarantors and other stakeholders involved, the filing added.
Out of the INR 43500 million offered by Patanjali group, INR 42350 million would be utilised to pay creditors while
INR 1150 million would be used for capital expenditure and working capital requirements of Ruchi Soya.
As per the filing, INR 40531.9 million will be paid to secured financial creditors, INR 400 Million to unsecured
financial creditors, INR 900 million to operational creditors, INR 250 million to clear statutory dues, INR 149.2
million to workmen/employees and INR 118.9 million to provide counter bank guarantee.
A monitoring committee will be constituted to oversee the process, with three members each representing
financial creditors and Patanjali group. Shailendra Ajmera, the resolution professional (RP) will act as the
monitoring agent.
In December 2017, the NCLT had referred Ruchi Soya for insolvency proceedings on the application of financial
creditors Standard Chartered Bank and DBS Bank.
Shailendra Ajmera was appointed as RP to manage the company's affairs and conduct insolvency proceedings.
Ruchi Soya Industries owes around INR 93450 million to financial creditors.
Among financial creditors, State Bank of India (SBI) has the maximum exposure of around INR 18000 million,
followed by Central Bank of India INR 8160 million, Punjab National Bank INR 743 crore and Standard Chartered
Bank - India INR 6080 million.
With the acquisition of Ruchi Soya, Patanjali will become a major player in soyabean oils and other products.
Homegrown FMCG major Patanjali almost got a walk over after rival Adani Wilmar decided to pull out from the
race despite being selected the highest bidder.
EMISPDF
its officials.
PATANJALI TO INFUSE INR 34380 MILLION IN RUCHI SOYA TO SETTLE DUES

Sep 09, 2019
Patanjali will infuse over INR 34380 Million as equity and debt to settle dues of creditors of the debt-laden firm.
NEW DELHI: Baba Ramdev-led Patanjali Ayurved, which got the NCLT approval last week to acquire Ruchi Soya
in an insolvency process, will infuse over INR 34380 Million as equity and debt to settle dues of creditors of the
debt-laden firm.
Ruchi Soya informed the exchanges that the National Company Law Tribunal (NCLT), Mumbai in its order dated
September 6 approved Patanjali's INR 43500 Million resolution plan with certain modifications that were accepted
by the bidder.
Ruchi Soya informed that resolution applicant Patanjali group will infuse INR 2047.5 crore as equity and Rs
3,233.36 crore as debt.
The amount will be infused in a special purpose vehicle 'Patanjali Consortium Adhigrahan Pvt Ltd', which will be
later amalgamated with Ruchi Soya.
Another Rs 900 crore will be infused by the Patanjali group through subscription of non-convertible debentures
and preference shares in the SPV. It will also provide credit guarantee of nearly Rs 12 crore.
On April 30 this year, a committee of creditors had approved the Patanjali group's Rs 4,350 crore resolution plan
to take over Ruchi Soya, which is into edible oil business. Lenders will have to take a hair cut of around 60 per
cent.
Out of the Rs 4,350 crore offered by Patanjali group, Rs 4,235 crore would be utilised to pay creditors while Rs
115 crore would be used for capital expenditure and working capital requirements of Ruchi Soya.
As per the filing, Rs 4,053.19 crore will be paid to secured financial creditors, Rs 40 crore to unsecured financial
creditors, Rs 90 crore to operational creditors, Rs 25 crore to clear statutory dues, Rs 14.92 crore to
workmen/employees and Rs 11.89 crore to provide counter bank guarantee.
A monitoring committee will be constituted to oversee the process, with three members each representing
financial creditors and Patanjali group. Shailendra Ajmera, the resolution professional (RP) will act as the
monitoring agent.
In December 2017, the NCLT had referred Ruchi Soya for insolvency proceedings on the application of financial
creditors Standard Chartered Bank and DBS Bank.
Shailendra Ajmera was appointed as RP to manage the company's affairs and conduct insolvency proceedings.
EMISPDF
its officials.
Ruchi Soya Industries owes around Rs 9,345 crore to financial creditors.
Among financial creditors, State Bank of India (SBI) has the maximum exposure of around Rs 1,800 crore,
followed by Central Bank of India Rs 816 crore, Punjab National BankNSE 10.81 % Rs 743 crore and Standard
Chartered Bank - India Rs 608 crore.
With acquisition of Ruchi Soya, Patanjali will become a major player in soyabean oils and other products.
Homegrown FMCG major Patanjali almost got a walk over after rival Adani Wilmar decided to pull out from the
race despite being selected the highest bidder.
EMISPDF
its officials.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including but not limited to: The Courts,
India Prisons Service, Interpol, etc.
1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior
officers as terrorist or terrorist organization or whom notice had been received that all financial
transactions involving their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or
bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked,
frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is or was the subject of any formal or informal allegations,
prosecutions or other official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are derived from criminal conduct or
a prohibited transaction.
4] Record on Financial Crime :

Charges or conviction registered against subject: None
5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None
6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None
7] Criminal Records
No available information exist that suggest that subject or any of its principals have been formally charged
or convicted by a competent governmental authority for any financial crime or under any formal
investigation by a competent government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer
or employee of the company is a government official or a family member or close business associate of a
Government official.
9] Compensation Package :
Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable
and comparable to compensation paid to others for similar services.
10] Press Report :
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its officials.
No press reports / filings exists on the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify
management and governance. These factors often have been predictive and in some cases have created
vulnerabilities to credit deterioration.
Our Governance Assessment focuses principally on the interactions between a company’s management, its
Board of Directors, Shareholders and other financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or
otherwise affect the terms and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
Currency Unit INR
US Dollar 1 INR 75.56

UK Pound 1 INR 92.26
Euro 1 INR 81.65
INFORMATION DETAILS
Information Gathered by : KMN
Analysis Done by : NIS
Report Prepared by : ARC
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its officials.
SCORE FACTORS
DEMERIT POINTS
--BANK CHARGES YES/NO YES
--LITIGATION YES/NO NO
--OTHER ADVERSE INFORMATION YES/NO NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP YES/NO NO
--EXPORT ACTIVITIES YES/NO NO
--AFFILIATION YES/NO YES
--LISTED YES/NO YES
--OTHER MERIT FACTORS YES/NO YES
RATING EXPLANATIONS
Rating Explanation Rating Comments

A++ Minimum Risk Business dealings permissible with minimum risk of default
A+ Low Risk Business dealings permissible with low risk of default
A Acceptable Risk Business dealings permissible with moderate risk of default
B Medium Risk Business dealings permissible on a regular monitoring basis
C Medium High Risk Business dealings permissible on secured basis
D High Risk Business dealing not recommended or on secured terms only
NB New Business No recommendation can be done due to business in infancy stage
NT No Trace No recommendation can be done as the business is not traceable
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as
unfavourable.
This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major sections of this report. The
assessed factors are as follows:
• Financial condition covering various ratios

• Company background and operations size
• Promoters / Management background
• Payment record
• Litigation against the subject
• Industry scenario / competitor analysis
• Supplier / Customer / Banker review (wherever available)
EMISPDF
its officials.

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RUCHI SOYA INDUSTRIES LIMITED - 621358 PAGE NO.

MIRA INFORM REPORT

Report No. : 621358

Name : RUCHI SOYA INDUSTRIES LIMITED

Financials (as on) : 31.03.2019

Date of Incorporation : 06.01.1986

CIN No.: L15140MH1986PLC038536

Capital Investment / Paid- INR 652.941 Million

IEC No.: 0388133252

TIN / CST No.: 27160000442

PAN No.: AAACR2892L

GSTN : 32AAACR2892L1Z7 [Kerala]

ESIC Code: 31180104480011001

• It is engaged in crushing of oil seeds and extraction/refining of edible oil

No. of Employees : 2898 [Approximately]

RATING & COMMENTS

Low Risk Medium Risk High Risk

Minimum Risk Medium Risk Medium High Riisk

Rating Explanation Rating Comments

Status : Under Acquisition

Payment Behaviour : Slow

Comments : Subject is an established company incorporated in the year 1986. It is having

It is engaged in crushing of oil seeds and extraction/refining of edible oil along

Rating is constrained on account of huge of borrowings recorded by the

EXTERNAL AGENCY RATING

Rating Agency Name CARE

Rating Agency Name CARE

RBI DEFAULTERS’ LIST STATUS

BANK OF BHICH 31-12-18 M/S RUCHI DINESH SAHARA-- 2325.267

MAHARASH OLI RUCHI HOUSE,ROYAL 533055, VIJAY KUMAR

Borrower name Ruchi Soya Industries Limited

Name Of Directors Reported by Credit Institutions Filing the Suit:

Sr.No. Directors Reported by Credit Institutions

List Of Credit Institutions to which Ruchi Soya Industries Limited is a defaulter:

Name Of Directors Reported by Credit Institutions Filing the Suit:

Name Of Directors Reported by Credit Institutions Filing the Suit:

List Of Credit Institutions to which RUCHI SOYA INDUSTRIES LIMITED is a defaulter:

Name Of Directors Reported by Credit Institutions Filing the Suit:

1 DINESH SHAHRA 00533055

List Of Credit Institutions to which RUCHI SOYA INDUSTRIES LIMITED is a defaulter:

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject has filled its EPF till March 2020

Establishment ID Establishment Name Address Office Name

TRRN Date Of Credit Amount Wage Month No. of Employee ECR

Establishment ID Establishment Name Address Office Name

TRRN Date Of Credit Amount Wage Month No. of Employee ECR

1831907006147 16-JUL-2019 21:31:56 3,12,757 JUN-19 71 YES

Establishment ID Establishment Name Address Office Name

TRRN Date Of Credit Amount Wage Month No. of Employee ECR

Establishment ID Establishment Name Address Office Name

TRRN Date Of Credit Amount Wage Month No. of Employee ECR

Establishment ID Establishment Name Address Office Name

TRRN Date Of Credit Amount Wage Month No. of Employee ECR

Establishment ID Establishment Name Address Office Name

TRRN Date Of Credit Amount Wage Month No. of Employee ECR

NCLT (National Company Law Tribunal) LISTING STATUS

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

Insolvency commencement date in respect of 15th December, 2017

MANAGEMENT NON-COOPERATIVE [91-9826096582]

GIVEN NO.: 91-9560900322 - Not Exist

91-22-61090100/ 28724445/ 28714449 - Ringing

91-731-2513281 / 82 / 83 – Not working

Tel. No.: 91-22-66560600 / 22873890