Ar 20200331

MOTHER DAIRY FRUIT AND VEGETABLE PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2019 to 31/03/2020
[700300] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Crores of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
MOTHER DAIRY FRUIT AND
Name of company VEGETABLE PRIVATE
LIMITED
Corporate identity number U15209DL2000PTC104671
Permanent account number of entity AACCM3174A
MOTHER DAIRY, PATPARGANJ
Address of registered office of company DELHI 110092, INDIA
Commercial and
Type of industry Industrial
Registration date 24/03/2000
Company limited by
Category/sub-category of company shares/Non-govt company
Whether company is listed company No
Date of board meeting when final accounts were approved 25/09/2020
Period covered by financial statements 01-04-2019 to 31-03-2020 01-04-2018 to 31-03-2019
Date of start of reporting period 01/04/2019 01/04/2018
Date of end of reporting period 31/03/2020 31/03/2019
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Crores
Type of cash flow statement Indirect Method
Disclosure web link of company at which annual report is placed www.motherdairy.com
Whether company is maintaining books of account and other relevant
Yes
books and papers in electronic form
NXTRA DATA LIMITED, C/O
Complete postal address of place of maintenance of computer
IBM INDIA PRIVATE LIMITED
servers (storing accounting data) B-192B, Sector-81
Name of city of place of maintenance of computer servers (storing
NOIDA
accounting data)
Name of state/ union territory of place of maintenance of
UTTAR PRADESH
computer servers (storing accounting data)
Pin code of place of maintenance of computer servers (storing
201305
accounting data)
Name of district of place of maintenance of computer servers
NOIDA
(storing accounting data)
ISO country code of place of maintenance of computer servers
INR
Name of country of place of maintenance of computer servers
INDIA
Phone (with STD/ ISD code) of place of maintenance of computer
01204220175
servers (storing accounting data)
NXTRA DATA LIMITED, C/O
Name of the service provider IBM INDIA PRIVATE LIMITED
B-192B, Sector-81
Internet protocol address of service provider Not Available
Location of the service provider NOIDA
Whether books of account and other books and papers are maintained
Yes
on cloud
B-192B, SECTOR-81, NOIDA
Address as provided by the service provider 201305 UP
Total number of product or service category 3
MOTHER DAIRY FRUIT AND VEGETABLE PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of principal product or services [Table] ..(1)

Types of principal product or
_PrincipalProductOrPrincipalService_1 _PrincipalProductOrPrincipalService_2 _PrincipalProductOrPrincipalService_3
services [Axis]
01/04/2019 01/04/2019 01/04/2019
to to to
31/03/2020 31/03/2020 31/03/2020
Disclosure of general
information about company
[Abstract]
Disclosure of principal
product or services [Abstract]
Disclosure of principal
product or services [LineItems]
Product or service
0401 1507 0709
category (ITC 4 digit) code
Description of product or
Milk and Milk products Edible oil other vegetables, fresh or chilled
service category
Turnover of product or
8,076.4 1,729.93 593.42
service category
Highest turnover
contributing product or service 04012000 15079010 07099090
(ITC 8 digit) code
Description of product or
Milk Edible oil other vegetables, fresh or chilled
service
Turnover of highest
8,076.4 1,729.93 593.42
contributing product or service
[700600] Disclosures - Directors report
Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Material
contracts/arrangements/transactions at _MaterialContractsArrangementsTransactionsAtArmsLengthBasis_105 _MaterialContractsArrangementsTransactionsAtArmsLeng
arm's length basis [Axis]
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Details of material
contracts/arrangements/transactions at
arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions
at arm's
length basis [LineItems]
Name of related party National Dairy Development Board (NDDB) National Dairy Development Board (NDDB)
Nature of related party relationship Holding company Holding company
Description of nature of material

Interest on borrowing Rent paid
with
related party
Duration of material
Feb 20–Mar 20 Apr 19-Mar 20
with
related party
2

Material
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Details of material
arm's
Details of material
at arm's
Name of related party IDMC Ltd. Indian Immunologicals Limited (IIL)
Nature of related party relationship Fellow Subsidiary company Fellow Subsidiary company

Purchases Purchases
with
related party
Ongoing Ongoing
with
related party

Material
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Details of material
arm's
Details of material
at arm's
Name of related party Baani Milk Producer Company Ltd National Dairy Development Board (NDDB)
Body corporate whose Board of Directors, managing director or manager is
Nature of related party relationship accustomed to act in accordance with the advice, directions or instructions of Holding company
a director or manager
Purchases Other Expenses reimbursed
with
related party
Ongoing Ongoing
with
related party
3

Material
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Details of material
arm's
Details of material
at arm's
Name of related party Maahi Milk Producer Company Ltd Paayas Milk Producer Company Ltd
Body corporate whose Board of Directors, managing director or manager is Body corporate whose Board of Directors, managing director o
Nature of related party relationship accustomed to act in accordance with the advice, directions or instructions of accustomed to act in accordance with the advice, directions or in
a director or manager a director or manager
Other Expenses reimbursed Other Expenses reimbursed
with
related party
Ongoing Ongoing
with
related party

Material
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Details of material
arm's
Details of material
at arm's
Name of related party IDMC Ltd. National Dairy Development Board (NDDB)
Nature of related party relationship Fellow Subsidiary company Holding company

Purchase of Assets Sales
with
related party
Ongoing One Time
with
related party
4
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] _DirectorsSigningBoardReport_125
01/04/2019
to
31/03/2020
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director DILIP
Last name of director RATH
Designation of director CHAIRMAN
Director identification number of director 05163623
Date of signing board report 25/09/2020
Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Product/service 1 Product/service 2
Principal business activities of company [Axis]
[Member] [Member]
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Details of principal business activities contributing 10% or more of total turnover
of company [Abstract]
Details of principal business activities contributing 10% or more of total
turnover of company [LineItems]
Milk and Milk
Name of main product/service Products
Edible Oils
Milk and Milk
Description of main product/service Products
Edible Oils
NIC code of product/service 105 104

Percentage to total turnover of company 77.50% 16.60%
5

01/04/2019
to
31/03/2020
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair [See below]
Disclosure relating to amounts if any which is proposed to carry to any
Not Applicable
reserves
Disclosures relating to amount recommended to be paid as dividend [See below]
Details of conservation
of energy, Technology
Absorption and Foreign
Exchange Earnings and
Details regarding energy conservation outgo in the prescribed
form under section 134(m)
of the Companies Act, 2013
is given in Annexure II.
Steps taken or impact on conservation of energy [Text block] [See below]
Details regarding technology absorption outgo in the prescribed
Expenditure incurred on research and development 10.85
Details regarding foreign exchange earnings and outgo outgo in the prescribed
Disclosures in director’s responsibility statement [See below]
Details of material changes and commitment occurred during period Textual information (6)
affecting financial position of company [See below]
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (8)
188(1) [TextBlock] [See below]
Details of contracts/arrangements/transactions not at arm's length
basis [Abstract]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Details of material contracts/arrangements/transactions at arm's
Whether there are material contracts/arrangements/transactions at
Yes
arm's length basis
Date of board of directors' meeting in which board's report referred
25/09/2020
to under section 134 was approved
The Annual Return
referred to in
sub-section (3) of
Disclosure of extract of annual return as provided under section 92(3) section 92 of the
[TextBlock] Companies Act, 2013 shall
be placed at Companys
website at
www.motherdairy.com
Details of principal business activities contributing 10% or more
of total turnover of company [Abstract]
Particulars of holding, subsidiary and associate companies [Abstract]
MOTHER DAIRY FRUIT AND
Name of company VEGETABLE PRIVATE
LIMITED
Details of shareholding pattern of top 10 shareholders [Abstract]
6
The independent
directors submitted
declarations confirming
Disclosure of statement on declaration given by independent directors to the requirements under
under section 149(6) [TextBlock] the Companies Act, 2013.
The Board of Directors met
eight times during the
year 2019-20.
Disclosure for companies covered under section 178(1) on
N o t
directors appointment and remuneration including other matters Applicable
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk Textual information (9)
management policy [TextBlock] [See below]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Disclosure of financial summary or highlights [TextBlock] [See below]
Disclosure of change in nature of business [TextBlock] No change
Details of directors or key managerial personnels who were Textual information (12)
appointed or have resigned during year [TextBlock] [See below]
During the year no
company has become or
Disclosure of companies which have become or ceased to be its ceased to be
subsidiaries, joint ventures or associate companies during subsidiaries, joint
year [TextBlock] ventures or associate
companies of the
Company.
The Company has not
accepted or renewed any
fixed deposits during the
Details relating to deposits covered under chapter v of companies act year and there was no fixed
[TextBlock] deposit remained
unclaimed or unpaid
during the year.
Deposits accepted during year 0

Deposits remained unpaid or unclaimed at end of year 0
Amount of default in repayment of deposits or payment of interest
0
thereon beginning of year
Maximum amount of default in repayment of deposits or payment of
0
interest thereon during year
Amount of default in repayment of deposits or payment of interest
0
thereon end of year
Number of cases of default in repayment of deposits or payment
[pure] 0
of interest thereon beginning of year
Maximum number of cases of default in repayment of deposits or
[pure] 0
payment of interest thereon during year
Number of cases of default in repayment of deposits or payment
[pure] 0
of interest thereon end of year
The Company has not
accepted or renewed any
fixed deposits during the
Details of deposits which are not in compliance with requirements year and there was no fixed
of chapter v of act [TextBlock] deposit remained
unclaimed or unpaid
during the year.
There are no
significant and material
Details of significant and material orders passed by orders passed by the
regulators or courts or
regulators or courts or tribunals impacting going concern tribunals impacting the
status and company’s operations in future [TextBlock] going concern status and
companys operations in
future.
Details regarding adequacy of internal financial controls with Textual information (13)
reference to financial statements [TextBlock] [See below]
The CSR policy is
Disclosure of contents of corporate social responsibility policy available at the web site
[TextBlock] of the Company
(www.motherdairy.com)
Disclosure of reasons if company fails to spend prescribed amount on CSR Others
Disclosure of other reasons if company fails to spend prescribed amount Textual information (14)
on CSR [See below]
7
Disclosure of appointment and remuneration of director or Textual information (15)

managerial personnel if any, in the financial year [TextBlock] [See below]
Details of remuneration of director or managerial personnel [Abstract]
Vigil Mechanism
As required under
section 177(9) of the
Disclosure of details of establishment of vigil mechanism [TextBlock] Companies Act, 2013, the
Company has a Whistle
Blower Policy, which is
available at the Companys
website.
Number of meetings of board [pure] 8

Details of signatories of board report [Abstract]
Name of director signing board report [Abstract]
8
Disclosure in board of directors report explanatory [Text Block]

MOTHER DAIRY FRUIT AND VEGETABLE PRIVATE LIMITED
Directors Report to Shareholders
The Directors are pleased to present their Twentieth Annual Report on the business and operations of the Company along with the Audited
Accounts for the year ended 31st March 2020.
Since inception, Mother Dairy Fruit and Vegetable Pvt. Ltd. (MDFVPL) has been continuously striving to further its vision of enriching the lives
of farmers and also nourishing the citizens with delightful and healthy products. This resonates well with the motto of the organization True
Happiness is in Making Real Difference and over the years, MDFVPL has worked assiduously to live up to this proposition.
Mother Dairy has been coming up with healthy product offerings and great tasting innovations while striking a right balance between the rural
farmer and urban consumer. Mother Dairys heritage is intrinsically linked to the cooperative movement of the country and with a determination to
work towards the upliftment of farmers. It is the companys constant endeavor to ensure that while milk producers and farmers receive
remunerative prices in a transparent and efficient manner, the consumers are provided quality food and beverages at affordable prices.
Mother Dairy has constantly strived to procure most of its milk from farmer centric institutions like Dairy Cooperatives, Farmer Producers
Companies and own area networks (directly from farmers) spread across various States.
The Company has set up a 5 LLPD capacity dairy plant at Bhiwandi, Maharashtra which has been commissioned in November 2019 thus
augmenting the processing capacity to support the farmers in Marathwada and Vidarbha region.
Performance of the Company
Results
In 2019-20, Company achieved a turnover of Rs. 10447 Crore registering an overall growth of 9.4%. The Company however, posted a loss before
tax of Rs. 249 Crore (last year loss Rs.142 Crore), largely due to significantly high procurement prices which could not be fully compensated by
taking adequate MRP hikes in milk and milk products business. The procurement price of milk, which in a normal year come down during winter
season, increased substantially compared to the prices in the first half of the year (higher by about Rs. 4 Per Kg) thus impacting the financial
viability of the business.
During the year, the businesses delivered growth, led by Milk, Value Added Dairy Products (VADP) and DHARA edible oils which grew at 12%,
9% and 15% respectively. The Company also dealt with dairy commodities with a sales turnover of Rs. 160 Crore during the year.
The business was however, severely impacted in the later part of March 2020 due to COVID 19 induced nation-wide lockdown.
Financial Performance - Summarized Profit and Loss Account
Value Rs. Crore
Particulars 2019-20 2018-19
Net Sales 10,420 9,518
Add Other Income 27 31
Total 10,447 9,549
Less Operating Expenses 10,531 9,365
9
PBDIT (84) 184
Less Depreciation 109 93
PBIT (193) 91
Less Interest (net) 56 42
PBT before exceptional item (249) 49
Less Exceptional items 0 191
PBT (249) (142)
Add Provision for Taxation/Deferred tax 92 50
Less Other Comprehensive Income (7) (6)
Net Profit (164) (98)
Impact of COVID-19
The outbreak of COVID-19 pandemic and the consequent nation-wide lockdown restrictions during the last week of March 2020 led to manifold
disruptions and challenges in running production, managing supply and distribution network. During the initial days, due to the restrictions on
account of COVID-19 affected the Companys sales by about 15-20%, especially value-added dairy products segment. Further as large number of
private players paired down their operations, the milk sourcing from villages by them came down resulting into increasing the raw milk inflow in
our system. However, Company proactively took several measures to mitigating the risks, ensured business continuity and worked tirelessly to
maintain the undisrupted supply chain.
Board of Directors
During the Financial Year 2019-20, the Board of Directors appointed Shri Sangramsinh R. Chaudhary as Managing Director of the Company on
acceptance of resignation of Shri Sanjeev Khanna from the position of Managing Director/ Director with effect from the closure of working hours
on 30th April 2019.
Further, the Board of Directors at its meeting held on 30th April 2019 appointed Dr. Omveer Singh as Additional Director and the shareholders at
the 19th Annual General Meeting held on 17th September 2019 approved his appointment as Director of the Company.
The Board at its meeting held on 21st May 2019 appointed Shri Sharad Sharma as Additional Director/Independent Director subject to the
approval of shareholders, for a period of two years from 21st May 2019 to 20th May 2021, and the appointment was approved by the shareholders
at the 19th Annual General Meeting held on 17th September 2019.
The Board of Directors at its meeting held on 17th September 2019 appointed Shri Arun Raste as Additional Director of the Company. Shri Arun
Raste holds the office up to the date of ensuing Annual General Meeting. His appointment is proposed at the ensuing 20th Annual General
Meeting for the approval of the Shareholders.
Shri Roshan Louis Joseph, Independent Director ceased to be a Director of the Company consequent to the completion of his tenure on 25th June
2020. The Board of Directors at its meeting held on 24th July 2020 placed on record its appreciation of services rendered by Shri Roshan L
Joseph as Independent Director and members of Audit Committee and CSR Committee.
10
The Board of Directors at its meeting held on 24th July 2020 appointed Dr. Y L R Moorthi as Additional Director/ Independent Director, subject
to the approval of shareholders at the ensuing Annual General Meeting.
Dr. Moorthi fulfils the conditions specified under the Companies Act, 2013 and the Rules made thereunder for appointment as Independent
Director.
The independent directors submitted declarations confirming to the requirements under the Companies Act, 2013. The Board of Directors met
eight times during the year 2019-20.
Dividend
In view of the losses incurred by the Company, your Directors do not recommend any dividend for the financial year 2019-20, for the
consideration of shareholders at the ensuing Annual General Meeting of the Company.
Capital Structure
The Credit rating of the Company is being rated by two independent Agencies, namely CRISIL and CARE. We are happy to mention that both
CRISIL and CARE have reaffirmed its Credit Rating as A1+/highest safety for short-term borrowing/Commercial Paper. In case of long term
borrowings, CARE assigned the rating as AA+ and CRISIL has assigned rating as AA+/Stable. The Companys Debt/Equity ratio has been
adversely impacted due to losses in last two years. However, expected increase in the profitability during the Financial Year 2020-21 will help in
improving the Debt-Equity ratio and enable the Company to leverage Balance Sheet for investments for growing the business in the future.
Sustainability
As part of Mother Dairy Environment Management System, the Company has consistently emphasized sustainable use of natural and
non-renewable resources. It has constantly evaluated new initiatives that could reduce waste and emission. The focus is on improving operational
efficiencies, minimizing consumption of non-renewable and natural resources, reducing CO2 emission per ton of production. In this direction,
company is investing in the new technologies
Adopting New Technologies
Photovoltaic Solar Projects 800 KW Photo Voltaic Projects PAN India (500 KW at Balaji, 100 KW each at Patparganj, Pilkhuwa and Etawah)
commissioned in FY 16-17.
a. Generated 10.77 Lakh units of electricity in FY 2019-20.
b. CO2 emission reduced by 861 Tonnes.
c. Achieved savings of Rs. 85.06 Lakh.
CST Project at Patparganj of Capacity 30 Lakh Kcal, commissioned in the month of October 2016 to cater to hot water requirement in process
and canteen has recovered 4074 lakh Kcal thus reducing consumption of PNG by 47937 SCM in FY 2019-20 which also resulted in savings of
Rs. 17.33 Lakh.
Plastic waste management
In compliance with the Central Pollution Control Board for Plastic Waste Management (PWM) as well as 100% Extended Producer
Responsibility (EPR), Mother Dairy has collected and recycled 1873 MT of plastic waste (605 MT multi layered plastic waste and 1177 MT of
single layered plastic waste) during FY 19-20. This resulted in reduction of CO2 emission by 1470 Tonnes.
Awards and recognition
a. Safety Innovation Award Institution of Engineers.
b. Greentech Safety Award- Green Tech foundation.
c. National safety award- Ministry of Labour and Employment Government of India.
New capacities that have been created/ Capacities enhanced in FY 2019-20
Central - PPM capacity of 30 TLPD created in February 2020 at Dewas near Indore.
East - Ice Cream capacity of 12.5 TLPD created in June 2019 at Prestige Ice Cream Pvt. Ltd. in Kolkata.
West - Own integrated facility with 3 LLPD Poly Pack Milk capacity, 5 LLPD processing capacity and 100 MTPD Fermented products in
November 2019 at Bhiwandi, Maharashtra.
Milk Procurement
THE YEAR 2019-20 AND THE YEAR AHEAD
11
The year 2019-20 saw high price volatility as the milk availability remained low throughout the year and failed to pick up even with the onset of
flush season, largely due to the vagaries of the weather. Owing to the low stocks of SMP and White butter in the country, the commodity prices
started increasing. As India stand on RCEP became clear in Nov 2019, the Private sector became aggressive to convert milk into commodities,
thus increasing the price of milk during Nov 2019 Feb 2020. MDFVPL continued strengthening the own procurement system in Uttar Pradesh,
Bikaner region in Rajasthan and Vidarbha and Marathwada region in Maharashtra during the year 2019-20. The FY 2020 -21 is likely to remain
under the shadow of COVID-19. Milk availability during 2020-21 is expected to be better throughout the summer and is likely to remain
sufficient in the months to come. Milk prices which had shot up by around 13% during last year have come down to year before levels and likely
to remain so. Monsoon forecast for the coming year is normal and evenly distributed. Low milk prices may impact milk availability in the next
summer as low returns are likely to hit farmers profitability and interest adversely. MDFVPL will further strengthen the farmer centric
procurement network of Milk Producers Companies, own area network and the Cooperatives. These three are likely to provide more than 96% of
total requirement consistently throughout the year.
Performance of Business and Categories
Milk and Dairy Products Business
Milk SBU
MDFVPL has been continuously striving for scaling up the operations pan India by building strong consumer franchise and retail footprint. The
Milk SBU has grown consistently through the year. Not just Delhi NCR (DNCR), but other key markets have also registered significant growth,
on a backdrop of strong focus on various business thrust areas.
The SBU has successfully reinforced its presence across all relatively new markets, by emphasizing the efficacy of its portfolio, based on
consumer insights. Nagpur, Eastern UP and Motihari regions have further consolidated during the year, with enhanced brand salience and
increased product availability. Additionally, the SBU successfully entered Indore and Jabalpur, receiving favorable consumer response.
The SBU continued its prime focus on sustaining its leadership position in DNCR and delivered an overall national level growth of 7.4% vis-a-vis
4.0% in 2018-19. The consolidated marketing interventions with singular objective of boosting brand saliency through impactful communication
campaigns have yielded highly encouraging outcome, resulting into continued high growth of the variant Cow Milk by 21.5%, Token Milk
(BVM) and single serve packs. Despite adverse macro indicators, Cow milk is expected to continue to outperform the average market growth.
To further boost market penetration into Value for Money segment, targeted to economically weaker societal strata, the SBU continued its
unwavering focus by highlighting quality milk through its brand Super T. As a result, single serve pack has registered huge growth, now at over
10.15 Lac packs every day. Additionally, Token Milk has also witnessed growth post November 2019. The efforts of celebrating important
occasions through specially designed packs such as Diwali, National Milk day, Independence Day, Durga Puja etc. has helped strengthen Brand
connect with customers.
The SBU has embarked on to further expand its footprint by launching in Bhopal. The SBU shall continue to strengthen the Cow Milk variant by
improving brand salience, especially in NCR, Mumbai and UP. The efforts on image enhancement among millennials of Token Milk shall also be
maintained. Given the macro environment, the SBU plans to attract new-age customers by providing added convenience of home delivery of milk
through online and off-line channels.
Despite the current scenario, with the milk supplies and eco system improving, the SBU is slated to consolidate its leadership position in DNCR
and significantly increase its market share in all the remaining markets next fiscal year.
Value Added Dairy Products
Mother Dairys Value-Added Dairy Products (VADP) Portfolio witnessed an overall growth of 9% in FY 2019-20, clocking a turnover of over
INR 1600 Crore. The growth was mainly led by four factors (i) fresh dairy category grew at around 18%, outpacing the industry growth yet again
(ii) channels of modern retail format and e-commerce provided a healthy momentum of about 30% (iii) long-shelf life products in their respective
market performed up to the mark, achieving a growth of around 21% and (iv) southern market registering the highest growth of approx. 50%
across all zones.
In addition, the VADP business has also significantly invested in the areas of R&D, Marketing and Communications. The fiscal witnessed
introduction a slew of new product categories including 4 sweet variants (Orange Mawa Barfi, Frozen Rasmalai, Gulab Jamun and Rasgulla), 15
ice creams, and other allied products such as UHT Live Lite Milk, Ultimate Paneer and Mishti Doi Lassi. The objective of introducing these
products was to delight the consumers, keep them excited and explore for more. The R&D efforts also resulted in packaging innovations,
improving the barrier properties of packaging material and development of environment-friendly packaging options, especially for ice creams.
The aforementioned technology was also applied in our ambient pouch flavoured milk that ensued in the extending the product shelf-life from 35
days to 90 days.
In addition, to drive brand salience among consumers, a new marketing proposition was worked upon Rishton Ka Swad Badhae. The proposition
revolved around food and time spent with family and friends over food. The thought was aligned across all product category communication and
was also imbibed across all product packaging. To further connect with our consumers, digital medium was significantly used in order to talk to
an audience that is younger, premium-paying, and more diverse.
Further, the VADP business also increased its visibility and reach by strengthening the distribution, subsequently reaching new outlets and
tying-up with leading e-commerce portals. Today, Dairy Products of Mother Dairy are available at across over 1 Lakh outlets in the country. Our
foray into the e-commerce space helped us serve our consumers at their doorsteps, with major traction for products like like UHT Milk, Paneer,
Ghee, Cheese, Nutrifit, etc. With the pandemic striking the nation unprecedently, we continued serving our consumers by offering quality
products, and for the same we used multiple channels including our exclusive booth network, general trade, modern trade, institutions and
12
e-commerce. Our existing infrastructure of owned exclusive outlets catered to the consumers throughout the lockdown period. We further
expanded our sales infrastructure with around 100 exclusive outlets. These outlets played a crucial role in reaching out to maximum consumers,
even in containment zones. Going ahead, we will continue expanding our distribution network in order to better serve our consumers.
Edible Oil
Edible Oil Business has been consistently growing at CAGR of 18% for period of last 5 Years in terms of value and at CAGR of 16% in terms of
volume. The Brand Strength primarily is in the indigenous oil with major categories in Mustard followed by Refined Soyabean oil. The Major
market for the Dhara Brand is in the East and North region which contributes Approx. 57% of business. Mustard category growth of 19% helped
to improve market share from 3.1% to 3.5% in non-refined oil segment of Consumer pack at Pan India level.
Our share in key markets like Bihar was 11.3%, West Bengal 6.1%, NER 7.7%. Our endeavor is to reach out to more buying outlets by end of
2020-21. In 2019-20 we added 19800 Buying outlets and to cater rural markets 30 Super stockiest appointed along with 175 New Sub towns.
Plans for 2020-21 are
- Further thrust on Mustard Oil Category.
- Addition of 26,000 New Buying outlets.
- Addition of 123 New towns under direct reach by adding 178 new Distributors
Multiple Marketing campaigns rolled out in 2019-20, focused on 2 core messages of 30 gms oil usage and Milled in India Oils. Digital media
platform to build online properties to convey our proposition to larger set of audience. On-Ground activations and Direct Connect Initiatives with
consumers were initiated like rural activation, retail shop branding etc. communicating Dhara Campaign of Milled in India.
At Sourcing and Packaging front Dhara Brand has optimized their Production Capacities by 9%, achieved over all production volume of 1.73
Lakh MT in FY 19-20 vis-a-vis 1.60 Lakh MT in FY 2018-19. Ever highest pvolume of 20222 MT was achieved in the month of Nov-2019. As
part of strengthening Mustard Variant, a new 3P Plant facility at Jaipur was identified and started functioning for Dhara in the month of
Dec-2019.
Horticulture
The Horticulture Business drove business efficiencies by streamlining operations during the year. The core business of Horticulture i.e. fresh
Fruits and Vegetable, has registered a growth of about 12%, for the first time since 2016-17. Some of the key highlights of the year are mentioned
below
- Payments have been made directly to the bank accounts of individual farmers.
- Technology has been leveraged through a rigorous implementation of an electronic billing system (Point of Sales PoS) for providing a
hassle-free experience to consumers. About 85% of the consumers are - billed through the PoS machine installed at the retail outlets.
- In order to recruit new and retain existing concessionaires, a number of channels have been explored such as participation in job fairs,
introduction of income guarantee scheme, induction programs etc. along with a handholding for 6 months.
- With a view to drive sales and consumer centricity, the retail sales organization has been re-structured in line with the best practices in the
industry.
- With respect to the frozen products business, sales of consumer packs has been accelerated to strengthen the brand equity of Safal frozen
products. Non-peas portfolio comprising Corn, Mix Veg Jackfruit and Frozen snacks registered all time high sales growth.
- Ammonia pipelines have been successfully upgraded without shutdown of any business activity complying with full industrial safety and
without any time overrun at Mangolpuri plant. Freezing capacity has been upgraded by installation of additional depodder, recovery drum, waste
conveyer etc. along with up gradation of deep fridge storage chambers in order to save energy.
- Corn contract farming model has been scaled up in Ranchi and frozen line capacity utilization is indicating an upward trend.
- The Pulp and Exports business could breakthrough new markets i.e. Middle East and Africa. The Pulp line in Ranchi plant has been approved by
companies like Unilever, Dabur and Emami and orders have been received for Banana concentrate and Amla pulp.
However, due to aberrant weather conditions in the country, the business has also faced a number of challenges during the year. The winter prices
of fruits and vegetables were abnormally high as compared to the previous year. Supply stress was observed in Tomato for processing due to a
poor crop in the southern region of the country. A deficit of Totapuri Mango crop has resulted in lower production volumes against plan.
Safal also successfully managed the challenges posed due to outbreak of Corona pandemic. The business witnessed erratic demand, inadequate
labour availability due to reverse migration, restriction on movement of people and goods, especially in containment zones etc. Therefore, it
quickly aligned its supply chain to manage sourcing from different states with contingency plan and alternate sourcing provisions. In the plant
operations, safety measures were strictly implemented by installing thermal screening, hand sanitization points, mist fogging tunnel at entry gates
for full body sanitization and face masks, gloves and caps. The COVID-19 safety measures were also followed at farmer point and booths.It also
13
coordinated with Govt authorities at various levels for successful vehicle movement and plant and booth operations. All such activities were done
without compromising on quality and offering to its customers. In the process it could manage an increased and erratic demand and garnered
positive coverage in mass media and appreciation from our customers.
In the coming year, the business will continue to strive for excellence and improvement in performance by improving productivity and
strengthening its farmer network and brand equity.
Research & Development Innovation, Quality Assurance, Analytical + Technology Absorption
Mother Dairy Fruit And Vegetable Pvt. Ltd has been consistently delivering innovations in the areas of Product, Package, Process and Analytical
within the Dairy, Vegetable Oil and F&V categories. In addition to Innovations, the other critical focus areas have been the bench-marking and
strengthening of Quality Assurance Systems, building advanced Analytical Capabilities, embracing the best Scientific and Regulatory Practices
and Food Safety programs. These sustained endeavors have ensured a significant value addition to the business.
R&D built a robust pipeline of 23 Innovations that were launched in the market during this year. It included a range of Mithais (Orange Burfi,
Rasmalai, Gulab Jamun, Rasgulla), range of indulgent Ice cream variants (Ekdum Santra, French Vanilla, Afghan Nutty Delight,
Firdaus-E-Phirni) and Affordable range of Ice creams priced at Rs. 10 (Choco mini bar, Choco sparkle bar and Butterscotch mini cone). It also
came up with Sugar-free Dietz Ice cream, Mishti Doi Lassi, ambient stable fortified DTM, Frozen Chilli Garlic Nuggets and new variants of oil
like Gingelly Oil and Extra Virgin Olive Oil.
As a part of Renovation Platform, R&D worked on enhancing the consumer experience of existing products and delivered the superior Paneer
(whiter and softer Paneer with better keeping quality) and Fruit Yoghurts with improved texture and reduced sugar.
In packaging innovations, R&D worked on new technologies to improve the barrier properties of packaging material. This technology was
applied in the ambient stable pouch flavoured milk that resulted in the extension of product shelf-life from 35 days to 90 days. The new
technology of Silver-Ion application, was studied and tested in the thermo-formable multilayer laminate used in Paneer to increase the product
keeping quality. This will be commercially implemented soon. Also a significant amount of work was done on development of Environmental
Friendly packaging options for ice creams.
R&D continued the efforts on Alternate Vendor Development on Ingredient and Packaging Material. All our packaging materials now have
alternate vendors except for two OEMs and a few cases where an investment is needed on the moulds.
During 2020-21, our R&D team will be working on a range of products such as Immunity Boosters, new range of Sweets, Coffee Beverages,
Greek Yoghurts, new categories like Bread, Cookies, Environmentally Friendly packaging for Milk etc.
Corporate Quality Assurance (CQA) has adopted Quality by Design approach in developing Quality Assurance System that includes Best in Class
processing facilities, Quality Policy and Standard Operating Procedures. On Backend Engagement, our CQA team continuously worked on Raw
Milk Quality Improvement and successfully added 41 new milk supply locations that supplied an incremental 8 LLPD of Raw Cow Milk.
MDFVPLs internal requirement and FSSAI Scheme of Testing and Inspection (STI) were aligned and implemented. CQA supported the
Operations in the pan-India expansion of Dairy, Safal and Dhara divisions through playing a crucial role in implementation of quality systems
during the development and start-up of 12 new manufacturing facilities, 35 new Warehouses, 5 New Vendors for Ingredient and Packaging
material, 3 Milk Concentration and Conversion plants as per MDFVPL design.
CQA has implemented a periodic evaluation and review of the Plants, their Product Quality and Customer Complaint Redressal system with an
objective of continuous improvement. It has successfully completed more than a hundred plant assessments and around 375 product assessments.
CQA also extended Quality and Food Safety support to R&D in Safal and Dhara verticals and delivered Right First Time Quality in new
products.
CQA resource pool of Assessors was recognized by the various National committees like FSSAI Dairy FoSTaC National Resource Person (NRP),
Confederation of Indian Industry (CII)- Senior Assessors for CII Food Safety Award , Bureau of Indian Standards (BIS)- convener for FAD 19
committee etc.
Central Analytical Lab (CAL) this year got a major break-through in the development of a test for Cow Milk authenticity. This ELISA based test
was validated with more than 1000 milk samples and MDFVPL is the first in the industry to develop such a test method.
CAL also built the capability to internally test all the food safety parameters as specified by FSSAI for Milk and Milk Products and has started
testing the samples from Mother Dairy Manufacturing Units in order to meet the FSSAI guidelines on STI (Scheme of Testing and Inspection).
This initiative will significantly reduce the testing cost for the Manufacturing Units. CAL also developed new methods for analysing unique
ingredients, Triglycerides Profiling of Milk Fat to detect adulteration etc. This year, the Microbiology Team initiated work on in-house isolation
and development of lactic cultures that can be propagated. These will be tested and validated in our cultured products.
Scientific, Regulatory Affairs and Nutrition (SRAN) continuously engaged with the Central/State Pollution Control Board/ MOEFCC/ Industry
Consortium, for the compliance of Plastic Waste Management Rules 2016.MDFVPL has implemented Extended Producer Responsibility (EPR)
for pan India recycling of 1725 MT Multi-Layer Plastic waste. SRAN has also planned EPR of 4800 MT of Multi and Single Layer Plastic during
2020-2021. MDFVPL was recognized and appreciated by East Delhi Municipal Corporation (EDMC) & Green Cochin Carnival for this EPR
implementation.
SRAN facilitated ease of working and new product development within regulatory regime of FSSAI e.g., permission for Cow Milk
Standardization, designing of STI for Raw Milk, developing standard for Kacchi Ghani Mustard Oil (KGMO), rationalization of release criteria
14
for microbiological standards of F&V, Milk & Milk Products and supported the nutrition/health claims for new and existing products. SRAN is
also driving various national health & wellness initiatives of FSSAI (Safe Nutritive Food SNF@ Workplace, Eat Right Mela,) across organization
to ensure effective implementation of Food Safety & Nutrition dissemination.
Information and Technology
MDFVPL has embraced digitalization of processes as the path to enhanced productivity. An ambitious project for capturing data of retails outlets
with geo-tagging for Milk, VADP and Dhara to generate improved market knowledge was implemented. It provides data regarding MDFVPL
reach and visibility i.e. number of outlets and their respective sales as also competitor data to find opportunity markets.
New cloud based e-procurement system was implemented replacing the TCS cloud solution, resulting in cost savings with better agility and
functionality. Online visibility of inbound milk tankers with quality data has been provided to Procurement and Production teams with indent and
despatch data entry through mobile apps. This facilitates better planning of milk allocation to achieve uniformity in PPM recipes across packing
stations in terms of reconstitution and recombination.
Information security continues to be an area of focus especially due to globally rampant ransomware attacks. Several initiatives to strengthen your
companys security posture have been taken up including but not limited to endpoint based DLP, laptop encryption, geo fencing of mailbox access,
opex printing, vulnerability assessment and penetration testing, phishing simulations and security awareness programs etc.
With focus on effective controls, MDFVPL strengthened monitoring of asset lifting and placements with retailer confirmation of asset receipt
using SMS and mobile apps. SAP controls were strengthened as part of continuous improvement.
Raw material and finished goods quality and availability monitoring for 3P ice cream manufacturers was being done in Ramco ERP, this was
migrated to inhouse SAP to avoid expensive upgrade costs. Focus on team skills enhancement continued with participation of team in training
programs, workshops and small projects on RPA, machine learning, analytics etc.
The coronavirus pandemic that led to lockdown in the last week of March led to huge demand for IT support. Literally overnight, laptops from
spare inventory and older machines were setup and provided to employees to work from home. In few cases, employees were allowed to take
desktops to their homes. Robust monitoring and security awareness trainings were conducted so that employees working away from office did not
unknowingly fall prey to security threats. Microsoft Teams was leveraged for communication with multiple rounds of training and handholding.
Directors Responsibility Statement
In accordance with section 134(5) of the Companies Act, 2013 the Board of Directors of the company states that
In the preparation of annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material
departures the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are
reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and
loss of the company for that period the directors had taken proper and sufficient care for the maintenance of adequate accounting records in
accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other
irregularities the directors had prepared the annual accounts on a going concern basis directors had devised proper systems to ensure compliance
with the provisions of all applicable laws and that such systems were adequate and operating effectively.
Corporate Social Responsibility Policy
The Company has undertaken Corporate Social Responsibility (CSR) activities in accordance with its CSR Policy, which is available at the
Companys website.
Pursuant to the recommendation of the CSR Committee and amount of Rs. 2.57 Crore (including Rs. 0.81 Crore carried forward from previous
year 2018-19) was allocated as CSE expenditure during the year 2019-20 for Gift Milk Scheme through NDDB Foundation for Nutrition (NFN).
An amount of Rs. 1.22 Crore was donated to NFN for the CSR project Gift Milk Scheme during the year. However, Rs. 1.36 Crore remained
unspent during the year due to the Covid-19 pandemic situation in the country and therefore, the same was carried forward to be spent during the
FY 2020-21 for the CSR project Gift Milk Scheme through (NFN).
The Annual Report on CSR activities in the format prescribed under the Companies (Corporate Social Responsibility Policy) Rules, 2014 are
provided in the Annexure-I.
The Composition of CSR Committee was as under
1. Shri Dilip Rath - Chairman
2. Shri Deepak Tikku Member
3. Shri Roshan L. Joseph- (Independent Director) Member (till 25th June 2020)
4. Shri Sharad Sharma - (Independent Director) Member (w.e.f. 21st May 2019)
5. Dr. Y L R Moorthi - (Independent Director) Member (w.e.f. 24th July 2020)
Vigil Mechanism
15
As required under section 177(9) of the Companies Act, 2013, the Company has a Whistle Blower Policy, which is available at the Companys
website.
Risk Management Policy
The company has an adequate internal financial control system in place. Company identified and reviewed key business risks and monitors the
progress made on mitigating such risks periodically. Company has reviewed the standard operating practices for all key processes and the same is
reviewed periodically. The Company has implemented a Control Self-Assessment tool whereby key internal controls over financial reporting are
identified and put to self-assessment by control owners.
Audit Committee
The Company has constituted an Audit Committee and composition of Audit Committee was as under
1. Shri Deepak Tikku - Chairman
2. Shri Arun Raste Member (w.e.f. 17th September 2019)
3. Shri Roshan Louis Joseph(Independent Director)-Member (till 25th June 2020)
4. Shri Sharad Sharma, Independent Director Member (w.e.f. 21st May 2019)
The Audit Committee met three times during the year 2019-20 and all recommendations of the Audit Committee were accepted by the Board.
Cost Auditors
M/s K.L. Jaisingh and Co., Cost Accountants, were appointed as Cost auditors for the Company for the Financial Year 2019-20 at a remuneration
as approved by the Board of Directors and ratified by the shareholders at the Nineteenth Annual General Meeting in terms of section 148 of the
Companies Act, 2013. The Board of Directors approved their re-appointment and remuneration for the Financial Year 2020-21 and resolution for
ratification of remuneration of Cost Auditors has been set out in the Notice of the ensuing Annual General Meeting.
Maintenance of cost records as specified by the Central Government under sub-section (1) of section 148 of the Companies Act, 2013, is required
by the Company and accordingly such accounts and records are made and maintained.
Auditors
Pursuant to section 139, 142 and other applicable provisions of the Companies Act 2013 and applicable rules made thereunder, the shareholders at
its 17th Annual General Meeting held on 20th September 2017 appointed M/s Price Waterhouse and Co Chartered Accountants LLP, as Statutory
Auditors of the Company for a period of five years from the conclusion of Seventeenth Annual General Meeting till the conclusion of the 22nd
Annual General Meeting to be held in the year 2022. The Company has received their written consent and a certificate from the auditors that they
satisfy the criteria provided under section 141 of the Companies Act 2013.
Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo
Details of conservation of energy, Technology Absorption and Foreign Exchange Earnings and outgo in the prescribed form under section 134(m)
of the Companies Act, 2013 is given in Annexure II.
Related Party Transactions
Particulars of contracts or arrangements with related parties referred to in sub-section (1) of section 188 in the form AOC-2 prescribed under
Companies (Accounts) Rules, 2014 is provided in Annexure -III.
Annual Return
The Annual Return referred to in sub-section (3) of section 92 of the Companies Act, 2013 shall be placed at Companys website at
www.motherdairy.com
Other Disclosures
The Company has not accepted or renewed any fixed deposits during the year and there was no fixed deposit remained unclaimed or unpaid
during the year.
There are no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and companys
operations in future.
During the year no company has become or ceased to be subsidiaries, joint ventures or associate companies of the Company.
There are no material changes and commitments, affecting the financial position of the company which have occurred between the end of the
16
financial year of the company to which the financial statements relate and the date of the report.
During the year, the Company has not provided any guarantees or securities to the parties covered under Section 186 of the Act, and the Company
has complied with the provisions of Section 186 of the Companies Act, 2013.
The Company has complied with the applicable secretarial standards in terms of the Secretarial Standard on meetings of the Board of Directors.
Staff and Industrial Relations
The relations with the employees of the Company during the year remained cordial. The sustaining mutual trust and understanding with the
employees enable the Company to implement various people policies.
Building a Culture of Continual Improvement through Kaizen and Quality circles
The culture of continual improvement is deep rooted in Mother Dairy, Milk Manufacturing division and the employees make active contribution
in various areas of continual improvement like Productivity, Quality, Cost, Delivery, Safety and Morale. The Kaizen scheme has been around for
last 25 years and employees participate in it both individually and collectively. The quality circles were started around 6 years ago for enhancing
product & process quality through teamwork. Over these years Quality Circle Teams of various Units have done great preparation, excelled in the
Projects that they had selected and contributed to cost savings for the Organization besides continually winning numerous awards at National and
Regional Level Quality Circle Conventions.
The following points highlight the contribution of building a culture of Kaizen and Quality circles.
a. Kaizen initiative-Total 13220 Kaizens (6% increase over last year) received in calendar year 2019 in milk manufacturing units & approx. 87%
employee participation achieved.
b. Cost savings through Kaizen and Quality Circles
Kaizen cost saving (Calendar Year 2019) Rs. 30.96 Lakh
Quality Circle Cost saving (FY 2019-20) Rs. 12.5 Lakh
c. Total of 49 quality circles are operational. About 78% of the workforce trained in Quality circles & about 35% of the headcount currently
involved in quality circles.
d. Quality Circle Awards Total 14 teams participated in various regional and national level competitions and won 19 awards.
Detail of Awards
Par-Excellence - 3
Excellence - 2
Gold - 12
Silver - 2
Mother Dairy Core Values
The core values of Mother Dairy were articulated after the discussion of the Senior Leadership Team in a 2-day Leadership Workshop and a
2-day Large Scale Interactive Program (LSIP), which involved collecting inputs around the values from the 2nd line of leadership team. Multiple
deliberations and iterations by the leadership teams and consultation of experienced domain experts were the stepping-stones in developing the
values.
Our Core values are as follows
- Agile Innovation
- Continuous Excellence
- Passionate Commitment
- Unshakeable Integrity
- Care and Collaboration
Communication activities were conducted (Posters, MD Communication) to cascade it among employees at all levels. Moving ahead these values
will be incorporated as a part of our processes and ways of working.
Six Sigma Certification Program
17
Mother Dairy has been running the Six Sigma Program to improve data based decision making amongst employees and enhance process
excellence. Six Sigma is implemented across the organization with projects being taken up from both Manufacturing and non-Manufacturing
domains.The company has partnered with Indian Statistical Institute Bangalore for this initiative. Experienced faculty of ISI Bangalore trains our
employees on Six Sigma and guides the Six Sigma projects to completion. Our employees who lead and carry out these projects are certified as
Six Sigma Black Belts or Green Belts by the institute on completion of the projects. In the year 2019-20, a total of 17 projects were undertaken
with the idea of saving operational cost by improving processes, reducing turnaround time and improving product quality. Out of these projects,
16 projects are under progress and one has been dropped.
SAMWAAD Quarterly Magazine
SAMWAD is a quarterly e-Magazine, which elucidates our business activities and initiatives undertaken in each quarter. It is an attempt to
communicate our walk-through with members of the Mother Dairy family by sharing updates on our transformation journey and by felicitating
the achievers for their efforts. This initiative of communication has been greatly appreciated by the entire organization.
SALES SUPERMAN Sales Enablement Program
To move the path in the right direction to achieve our mission, we started with Sales Superman Program. The main objective of this program is to
improve the performance of sales force by targeting knowledge and skill aspects through enhancing the behavioral competencies and technical
skills. The program targets sales employees (Field Executives to RSMs) of all the 4 businesses (Milk Sales, VADP, DHARA and SAFAL). There
are five phases for this program and the complexity of the content is structured in a phased manner. In 2019-20, total of 17 workshops were
conducted which covered around 500 Sales employees. Four workshops were conducted for Safal concessionaires also, in which around 100
concessionaires participated. Trainings on such large scale were conducted after a long gap. Employees appreciated it well by showed great level
of participations and learnability.
Employee Engagement
With focus on engagement in West, Bhiwandi Plant Visit and Cascade sessions were conducted for 150 employees. Sports events were also
conducted at Mumbai Office to bring the fun element in their work life. Also, in order to help employees, manage stress and anxiety,
Brahmkumaris and Yoga sessions conducted for employees, which was appreciated by the employees.
Collective Bargaining
Amicable long-term settlement between Management and Technicians Union at Pilkhuwa was achieved in the month of May 2019. The term of
the settlement is 4 years, i.e. from 01-Apr-2018 to 31-Mar-2022. The IR environment at various milk manufacturing units has been managed well
and no production loss occurred due to any IR issues
Disclosure in terms of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal), Act 2013
The Company takes all necessary measures to ensure harassment free workplace and has instituted an Internal Complaints Committee for
redressal of Complaints and to prevent sexual harassment. In accordance with the Government of India Guideline, the company has conducted
classroom and online sessions for its employees to create awareness about Prevention of Sexual Harassment of Women at Workplace. The
workforce is now aware of this Act and its implications. During the year the Company has not received any complaints relating to sexual
harassment.
Acknowledgement
The Board is grateful to the National Dairy Development Board, Banks, State- Cooperative Dairy Federations, Consumers, Trade partners and
Employees who have been extending their co-operation and patronage to the Company. The Board also appreciates the support and cooperation
extended by the Auditors.
For and on behalf of the Board
Dilip Rath
Chairman
Date 25 September 2020
Place Anand
Annexure-I
Annual Report on CSR Activities as per rule 8 of Companies (Corporate Social Responsibility) Rules, 2014
A brief outline of
the Companys
CSR Policy,
including overview
of projects or
18
programs
proposed to be
undertaken and a
reference to the
web link to the
The Focus Ares of CSR

Activities are
1. Poverty alleviation,
Women empowerment,
Prevention of malnutrition
with appropriate
supplements
2. Ensuring environmental
sustainability and
conservation of natural
resources, with specific
emphasis on water.
3. Contribution to the
society NDDB Foundation
1. for Nutrition.
4. Contributing to Prime
Ministers National Relief
Fund or any other fund set
up by the central
government for
socio-economic
development, if needed.
5. Any other activity

specified in schedule VII to
the Companies Act, 2013
The CSR policy is available
at the web site of the
Company
(www.motherdairy.com)
19
CSR Policy and

projects or
Programs
Shri Dilip Rath, Chairman

Shri Deepak Tikku, Member
The Composition
Shri Roshan Louis Joseph,
2. of CSR Committee
Member
as on 31.3.2020
Shri Sharad Sharma,
Member
Average net profit

of the Company
3. Rs.87.97 Crore
for last three
financial years
Prescribed CSR
4. Rs.1.76 Crore
expenditure
Details of CSR
5. spent during the
financial year
Rs.2.57 Crore (including

Total amount to be
Rs.0.81 Crore carried
5.a spent for the
forward from previous year
financial year
2018-19)
Amount unspent, if
5.b Rs.1.36 Crore
any.
Manner in which
the amount spent
during the
5.c financial year is
detailed below
(Amount in Rs.
Crore)
Project or Amount
programs (1) spent on
Local area the project
or other (2) Amount or
Cumulative Amount
specify the Outlay programs
expenditure spent direct
CSR Project or Sector in which the project state and (budget) (1). Direct
S.n. up to the or through
Activity identified is covered district project or expenditure
reporting implementing
where programs on project
period agency
project or wise or
program programs
was (2)
undertaken overheads
20
Gift Milk
Project
Donation to NDDB Through
Contribution
Foundation for Eradication of hunger, NDDB
A to NDDB 2.57 1.22 1.22
Nutrition (NFN) for poverty and malnutrition Foundation
Foundation
Gift Milk Scheme for Nutrition
for Nutrition
(NFN)
Total 2.57 1.22 1.22
In case the
During the year the
Company has
company donated an
failed to spend the
amount of Rs.1.22 Crore to
two percent of the
NDDB Foundation for
average net profit
Nutrition (NFN) for Gift Milk
of the last three
Scheme. However, due to
6. years or any part
the Covid-19 pandemic
thereof, the
situation in the country, an
Company shall
amount of Rs.1.36 Crore
provide the reason
remained unspent, which
for not spending
shall be spent during the
the amount in its
year 2020-21.
report
A responsibility
statement of the
CSR Committee
that the The implementation and
implementation monitoring of CSR policy is
7. and monitoring of in compliance with CSR
CSR Policy, is in objectives and policy of the
compliance with Company.
CSR objectives
and policy of the
Company
Sangramsinh Dilip Rath

Chaudhary
Managing Director Chairman-CSR Committee
Annexure II
Details of conservation of energy, technology absorption, foreign exchange earnings and Outgo as prescribed under the Companies (Accounts)
Rules, 2014
and canteen has recovered 4074 Lakh Kcal thus reducing consumption of PNG by 47937 SCM in FY 2019-20 which also resulted in savings of
Rs. 17.33 Lakh.
Energy and Water Conservation
A) Adopted 800 KW Photo Voltaic Solar Projects PAN India (500 KW at Balaji, 100 KW each at Patparganj, Pilkhuwa and Etawah)
21
b.CO2 emission reduced by 861 Tonnes.
B) Initiatives like water recycling, condensate recovery across all the milk processing plants has resulted in 8.1% reduction in water consumed per
KL milk handled in FY 2019-20(1.02 KL/KL of throughput) over FY 2018-19 (1.11 KL/KL), despite addition of two new facilities Bhiwandi and
Motihari.
C) Foreign exchange earnings and Outgo
a. The Foreign exchange earned in terms of actual inflow during the year is of Rs.78.01 Crore.
b. The Foreign exchange outgo during the year in terms of actual outflows of Rs.0.82 Crore towards Capex and Rs.7.66 Crore towards revenue.
D) Expenditure on R&D
Capital Expenditure - Rs. 1.58 Crore
Revenue Expenditure - Rs. 9.27 Crore
Total Expenditure - Rs. 10.85 Crore
Total expenditure as % of turnover - 0.10%
Dilip Rath
Chairman
Place Anand
Annexure -III
Form No. AOC-2
Nature of Duration of Amount(Rs. in

Name of the Related party Salient Terms
Relationship Contract Crore)
Nature of Contract
Interest on borrowing
National Dairy Development Board Interest onWorking

Holding Feb 20 Mar 20 2.16
(NDDB) Capital
Rent paid
NDDB Holding Apr 19-Mar 20 Services 12.50
Reimbursement of expense Received
22
NDDB Holding Ongoing Services 0.25
Based on Arms length

Maahi Milk Producer Company Ltd Others Ongoing 0.07
pricing
Purchases

IDMC Ltd. Fellow Subsidiary Ongoing 39.94
pricing

Indian Immunologicals Limited (IIL) Fellow Subsidiary Ongoing 0.57
pricing

pricing

Paayas Milk Producer Company Ltd Others Ongoing 1382.47
pricing

Baani Milk Producer Company Ltd Others Ongoing 376.43
pricing
Other Expenses reimbursed to
IDMC Ltd. Fellow Subsidiary Ongoing Services 8.01
NDDB-Dairy Services Fellow Subsidiary Ongoing Services 0.12

pricing

pricing
Loans Received
NDDB Holding One Time Working Capital Loan 350.00
23
Dividend
NDDB Holding NA NA
Purchase of Assets

NDDB Holding One time
pricing

pricing
Sales

NDDB Holding One time 1.00
pricing

pricing
Conversion Charges

pricing
Dilip Rath
Chairman
Place Anand
24
Description of state of companies affair

In 2019-20, Company achieved a turnover of Rs. 10447 Crore registering an overall growth of 9.4 %. The Company however, posted a loss
before tax of Rs. 249 Crore (last year loss Rs.142 Crore), largely due to significantly high procurement prices which could not be fully
compensated by taking adequate MRP hikes in milk and milk products business. The procurement price of milk, which in a normal year come
down during winter season, increased substantially compared to the prices in the first half of the year (higher by about Rs. 4 Per Kg) thus
impacting the financial viability of the business. During the year, the businesses delivered growth, led by Milk, Value Added Dairy Products
(VADP) and DHARA edible oils which grew at 12%, 9% and 15% respectively. The Company also dealt with dairy commodities with a sales
turnover of Rs. 160 Crore during the year. The business was however, severely impacted in the later part of March 2020 due to COVID 19
induced nation-wide lockdown.
Disclosures relating to amount recommended to be paid as dividend

In view of the losses incurred by the Company, your Directors do not recommend any dividend for the financial year 2019-20, for the
consideration of shareholders at the ensuing Annual General Meeting of the Company.
25
Steps taken or impact on conservation of energy [Text block]

Annexure II
Details of conservation of energy, technology absorption, foreign exchange earnings and Outgo as prescribed under the Companies (Accounts)
Rules, 2014
and canteen has recovered 4074 Lakh Kcal thus reducing consumption of PNG by 47937 SCM in FY 2019-20 which also resulted in savings of
Rs. 17.33 Lakh.
Energy and Water Conservation
A) Adopted 800 KW Photo Voltaic Solar Projects PAN India (500 KW at Balaji, 100 KW each at Patparganj, Pilkhuwa and Etawah)
b.CO2 emission reduced by 861 Tonnes.
B) Initiatives like water recycling, condensate recovery across all the milk processing plants has resulted in 8.1% reduction in water consumed per
KL milk handled in FY 2019-20(1.02 KL/KL of throughput) over FY 2018-19 (1.11 KL/KL), despite addition of two new facilities Bhiwandi and
Motihari.
C) Foreign exchange earnings and Outgo
a. The Foreign exchange earned in terms of actual inflow during the year is of Rs.78.01 Crore.
b. The Foreign exchange outgo during the year in terms of actual outflows of Rs.0.82 Crore towards Capex and Rs.7.66 Crore towards revenue.
D) Expenditure on R&D
Capital Expenditure - Rs. 1.58 Crore
Revenue Expenditure - Rs. 9.27 Crore
Total Expenditure - Rs. 10.85 Crore
Total expenditure as % of turnover - 0.10%
Dilip Rath
Chairman
Place Anand
Disclosures in director’s responsibility statement

In accordance with section 134(5) of the Companies Act, 2013 the Board of Directors of the company states that - In the preparation of annual
accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures the directors had
selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a
true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period
the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this
Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities the directors had prepared the
annual accounts on a going concern basis directors had devised proper systems to ensure compliance with the provisions of all applicable laws
and that such systems were adequate and operating effectively.
26
Details of material changes and commitment occurred during period affecting financial position of company
There are no material changes and commitments, affecting the financial position of the company which have occurred between the end of the
financial year of the company to which the financial statements relate and the date of the report.
Particulars of loans guarantee investment under section 186 [Text Block]

During the year, the Company has not provided any guarantees or securities to the parties covered under Section 186 of the Act, and the Company
has complied with the provisions of Section 186 of the Companies Act, 2013.
27
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
Annexure -III
Form No. AOC-2
Nature of Duration of Amount(Rs. in

Name of the Related party Salient Terms
Relationship Contract Crore)
Nature of Contract
Interest on borrowing
National Dairy Development Board Interest onWorking

Holding Feb 20 Mar 20 2.16
(NDDB) Capital
Rent paid
NDDB Holding Apr 19-Mar 20 Services 12.50
Reimbursement of expense Received

pricing
Purchases

pricing

Indian Immunologicals Limited (IIL) Fellow Subsidiary Ongoing 0.57
pricing

pricing
28

pricing

Baani Milk Producer Company Ltd Others Ongoing 376.43
pricing
Other Expenses reimbursed to
IDMC Ltd. Fellow Subsidiary Ongoing Services 8.01
NDDB-Dairy Services Fellow Subsidiary Ongoing Services 0.12

pricing

pricing
Loans Received
NDDB Holding One Time Working Capital Loan 350.00
Dividend
NDDB Holding NA NA
Purchase of Assets

NDDB Holding One time
pricing

pricing
Sales
29

NDDB Holding One time 1.00
pricing

pricing
Conversion Charges

pricing
Dilip Rath
Chairman
Place Anand
Disclosure of statement on development and implementation of risk management policy [Text Block]
Risk Management Policy
30
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
Corporate Social Responsibility Policy
The Company has undertaken Corporate Social Responsibility (CSR) activities in accordance with its CSR Policy, which is available at the
Companys website.
Pursuant to the recommendation of the CSR Committee and amount of Rs. 2.57 Crore (including Rs. 0.81 Crore carried forward from previous
year 2018-19) was allocated as CSE expenditure during the year 2019-20 for Gift Milk Scheme through NDDB Foundation for Nutrition (NFN).
An amount of Rs. 1.22 Crore was donated to NFN for the CSR project Gift Milk Scheme during the year. However, Rs. 1.36 Crore remained
unspent during the year due to the Covid-19 pandemic situation in the country and therefore, the same was carried forward to be spent during the
FY 2020-21 for the CSR project Gift Milk Scheme through (NFN).
The Annual Report on CSR activities in the format prescribed under the Companies (Corporate Social Responsibility Policy) Rules, 2014 are
provided in the Annexure-I.
31
Disclosure of financial summary or highlights [Text Block]

Financial Performance - Summarized Profit and Loss Account
Value Rs. Crore
Particulars 2019-20 2018-19
Net Sales 10,420 9,518
Add Other Income 27 31
Total 10,447 9,549
Less Operating Expenses 10,531 9,365
PBDIT (84) 184
Less Depreciation 109 93
PBIT (193) 91
Less Interest (net) 56 42
PBT before exceptional item (249) 49
Less Exceptional items 0 191
PBT (249) (142)
Add Provision for Taxation/Deferred tax 92 50
Less Other Comprehensive Income (7) (6)
32
Net Profit (164) (98)
Impact of COVID-19
The outbreak of COVID-19 pandemic and the consequent nation-wide lockdown restrictions during the last week of March 2020 led to manifold
disruptions and challenges in running production, managing supply and distribution network. During the initial days, due to the restrictions on
account of COVID-19 affected the Companys sales by about 15-20%, especially value-added dairy products segment. Further as large number of
private players paired down their operations, the milk sourcing from villages by them came down resulting into increasing the raw milk inflow in
our system. However, Company proactively took several measures to mitigating the risks, ensured business continuity and worked tirelessly to
maintain the undisrupted supply chain.
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
Board of Directors
on 30th April 2019.
Director.
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
Disclosure of other reasons if company fails to spend prescribed amount on CSR

During the year the company donated an amount of Rs.1.22 Crore to NDDB Foundation for Nutrition (NFN) for Gift Milk Scheme. However, due
to the Covid-19 pandemic situation in the country, an amount of Rs.1.36 Crore remained unspent, which shall be spent during the year 2020-21.
33
Disclosure of appointment and remuneration of director or managerial personnel if any, in the financial year [Text
Block]
Board of Directors
on 30th April 2019.
Director.
34
[700500] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial
_DirectorsSigningFinancialStatement_102 _DirectorsSigningFinancialStatement_103 _DirectorsSigningFinancialStatement_104
statements [Axis]
01/04/2019 01/04/2019 01/04/2019
to to to
31/03/2020 31/03/2020 31/03/2020
Details of signatories of
financial statements
[Abstract]
Details of directors
signing financial
statements [Abstract]
Details of directors
signing financial
statements [LineItems]
Name of director
signing financial
statements [Abstract]
First name of
DILIP SAUGATA SANGRAMSINH
director
Middle name of
RAYSANGBHAI
director
Last name of
RATH MITRA CHAUDHARY
director
Designation of
CHAIRMAN DIRECTOR MANAGING DIRECTOR
director
Director
identification number of 05163623 00541858 01850128
director
Date of signing of
financial statements by 25/09/2020 25/09/2020 25/09/2020
director

01/04/2019
to
31/03/2020
Name of company secretary LALIT PRABHAKAR
Permanent account number of company secretary AAIPP6091Q
Date of signing of financial statements by company secretary 25/09/2020
Date of signing of financial statements by chief financial officer 25/09/2020
35
[700400] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] _Auditor_101
01/04/2019
to
31/03/2020
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
M/s Price
Waterhouse & Co
Name of audit firm Chartered
Accountants LLP
Name of auditor signing report Avijit Mukerji
Firms registration number of audit firm 304026E/E-300009
Membership number of auditor 056155
Building No. 8, 7th
& 8th Floor, Tower
Address of auditors B, DLF Cyber City,
Gurgaon 122002,
India
Permanent account number of auditor or auditor's firm AAHFP0187A
SRN of form ADT-1 G54460886
Date of signing audit report by auditors 25/09/2020
Date of signing of balance sheet by auditors 25/09/2020
36
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark applicable
[Member] [Member]
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [LineItems]
Textual information
Disclosure in auditors report relating to fixed assets (16) [See below]
The Company is
maintaining proper
records showing full
Disclosure relating to quantitative details of fixed assets particulars, including
quantitative details
and situation, of
fixed assets.
Disclosure relating to physical verification and material discrepancies of fixed Textual information
assets (17) [See below]
The title deeds of
immovable
properties, as
disclosed in Note 4
on Property, Plant
Disclosure relating to title deeds of immovable properties and Equipment to
the financial
statements, are held
in the name of the
Company.
Textual information
Disclosure in auditors report relating to inventories (18) [See below]
Textual information
Disclosure in auditors report relating to loans (19) [See below]
Disclosure about loans granted to parties covered under section 189 of companies Textual information
act (20) [See below]
Textual information
Disclosure relating to terms and conditions of loans granted (21) [See below]
Textual information
Disclosure regarding receipt of loans granted (22) [See below]
Textual information
Disclosure regarding terms of recovery of loans granted (23) [See below]
Disclosure in auditors report relating to compliance with Section 185 and 186 of Textual information
Companies Act, 2013 (24) [See below]
The Company has
not accepted any
deposits from the
public within the
meaning of Sections
Disclosure in auditors report relating to deposits accepted 73, 74, 75 and 76 of
the Act and the
Rules framed there
under to the extent
notified.
Textual information
Disclosure in auditors report relating to maintenance of cost records (25) [See below]
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (26) [See below]
Disclosure relating to regularity in payment of undisputed statutory dues Textual information
[TextBlock] (27) [See below]
Textual information
Disclosure relating to disputed statutory dues [TextBlock] (28) [See below]
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (29) [See below]
Disclosure in auditors report relating to public offer and term loans used for Textual information
purpose for which those were raised (30) [See below]
Disclosure in auditors report relating to fraud by the company or on the Textual information
company by its officers or its employees reported during period (31) [See below]
37
The provisions of
Section 197 read
with Schedule V to
the Act are
applicable only to
Disclosure in auditors report relating to managerial remuneration public companies.
Accordingly, the
provisions of Clause
3(xi) of the Order
are not applicable to
the Company.
As the Company is
not a Nidhi
Company and the
Nidhi Rules, 2014
Disclosure in auditors report relating to Nidhi Company it, the provisions of
Clause 3(xii) of the
Order are not
applicable to the
Company.
Textual information
Disclosure in auditors report relating to transactions with related parties (32) [See below]
Disclosure in auditors report relating to preferential allotment or private Textual information
placement of shares or convertible debentures (33) [See below]
The Company has
not entered into any
non cash
transactions with its
directors or persons
Disclosure in auditors report relating to non-cash transactions with directors
connected with him.
or persons connected with him Accordingly, the
3(xv) of the Order
the Company.
The Company is not
required to be
registered under
Section 45-IA of the
Reserve Bank of
Disclosure in auditors report relating to registration under section 45-IA of
India Act, 1934.
Reserve Bank of India Act, 1934 Accordingly, the
3(xvi) of the Order
the Company.

01/04/2019
to
31/03/2020
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
Disclosure in auditors report relating to fixed assets

i. (a) The Company is maintaining proper records showing full particulars, including quantitative details and situation, of fixed assets. (b) The
fixed assets are physically verified by the Management according to a phased programme designed to cover all the items over a period of 2 years
which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. Pursuant to the programme, a portion of
the fixed assets has been physically verified by the Management during the year and no material discrepancies have been noticed on such
verification. (c) The title deeds of immovable properties, as disclosed in Note 4 on Property, Plant and Equipment to the financial statements, are
held in the name of the Company.
38
Disclosure relating to physical verification and material discrepancies of fixed assets

The fixed assets are physically verified by the Management according to a phased programme designed to cover all the items over a period of 2
years which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. Pursuant to the programme, a
portion of the fixed assets has been physically verified by the Management during the year and no material discrepancies have been noticed on
such verification.
Disclosure in auditors report relating to inventories

The physical verification of inventory (excluding stocks with third parties) have been conducted at reasonable intervals by the Management
during the year. Also physical verification of inventory has been carried out by the management subsequent to the year-end due to the lockdown
restrictions imposed by the Government of India for which roll-back procedures have been performed to determine the existence and condition of
inventory as at the year-end. In respect of inventory lying with third parties, these have substantially been confirmed by them. The discrepancies
noticed on physical verification of inventory as compared to book records were not material.
Disclosure in auditors report relating to loans

The Company has not granted any loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or other parties covered in the
register maintained under Section 189 of the Act. Therefore, the provisions of Clause 3(iii), (iii)(a), (iii)(b) and (iii)(c) of the said Order are not
applicable to the Company.
Disclosure about loans granted to parties covered under section 189 of companies act
Disclosure relating to terms and conditions of loans granted

Disclosure regarding receipt of loans granted

Disclosure regarding terms of recovery of loans granted

39
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
The Company has not granted any loans or made any investments, or provided any guarantees or security to the parties covered under Section 185
and 186. Therefore, the provisions of Clause 3(iv) of the said Order are not applicable to the Company.
Disclosure in auditors report relating to maintenance of cost records

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

According to the information and explanations given to us and the records of the Company examines by us, in our opinion, the Company is
generally regular in depositing undisputed statutory dues in respect of professional tax and labour welfare fund though there has been a slight
delay in a few cases, and is regular in depositing undisputed statutory dues, including provident fund, employees state insurance, sales tax, income
tax, service tax, duty of customs, cess, goods and service tax and other material statutory dues, as applicable, with the appropriate authorities.
Also refer note 34 to the financial statements regarding managements assessment on certain matters relating to provident fund.
Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]

According to the information and explanations given to us and the records of the Company examines by us, in our opinion, the Company is
Disclosure relating to disputed statutory dues [Text Block]

According to the information and explanations given to us and the records of the Company examined by us, there are no dues of service-tax as at
March 31, 2020 which have not been deposited on account of any dispute. The particulars of dues of income tax, sales tax, duty of customs, duty
of excise, value added tax, goods and service tax as at March 31, 2020 which have not been deposited on account of a dispute, are as follows
Disclosure in auditors report relating to default in repayment of financial dues

According to the records of the Company examined by us and the information and explanation given to us, the Company has not defaulted in
repayment of loans or borrowings to any bank as at the balance sheet date. The Company does not have any loans or borrowings from financial
institution or Government nor has it issued any debentures as at balance sheet date.
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
In our opinion and according to the information and explanations given to us, term loans have been applied by the Company during the year for
the purposes for which they were raised. The Company has not raised any moneys by way of initial public offer, further public offer (including
debt instruments).
40
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
During the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditing
practices in India, and according to the information and explanations given to us, we have neither come across any instance of material fraud by
the Company or on the Company by its officers or employees, noticed or reported during the year, nor have we been informed of any such case by
the Management.
Disclosure in auditors report relating to transactions with related parties

The Company has entered into transactions with related parties in compliance with the provisions of Section 188 of the Act. The details of such
related party transactions have been disclosed in the financial statements as required under Indian Accounting Standard (Ind AS) 24, Related
Party Disclosures specified under section 133 of the Act. Further, the Company is not required to constitute an Audit Committee under Section
177 of the Act, and accordingly, to this extent, the provisions of Clause 3(xiii) of the Order are not applicable to the Company. However, the
Company has constituted an Audit Committee voluntarily under the terms of reference specified by the board of directors.
Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
The Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year
under review. Accordingly, the provisions of Clause 3(xiv) of the Order are not applicable to the Company.
41
Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITORS REPORT
TO THE MEMBERS OF MOTHER DAIRY FRUIT AND VEGETABLE PRIVATE LIMITED
Report on the audit of the financial statements
Opinion
1. We have audited the accompanying financial statements of Mother Dairy Fruit and Vegetable Private Limited (the Company), which comprise
the balance sheet as at March 31, 2020, and the statement of Profit and Loss (including Other Comprehensive Income), statement of changes in
equity and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of the significant
accounting policies and other explanatory information.
2. In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the
information required by the Companies Act, 2013 (the Act) in the manner so required and give a true and fair view in conformity with the
accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2020 and total comprehensive income
(comprising of loss and other comprehensive income), changes in equity and its cash flows for the year then ended.
Basis for opinion
3. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act. Our responsibilities
under those Standards are further described in the Auditors Responsibilities for the Audit of the Financial Statements section of our report. We are
independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the
ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we
have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence
we have obtained is sufficient and appropriate to provide a basis for our opinion.
Emphasis of Matter
4. We draw your attention to Note 41 to the financial statements which explains the uncertainties and managements assessment of the financial
impact due to the lockdown and other restrictions related to the COVID-19 pandemic imposed by the Government, for which a definitive
assessment of the impact on the subsequent periods is dependent upon future economic conditions as they evolve. Our opinion is not modified in
respect of this matter.
5. The Companys Board of Directors is responsible for the other information. The other information comprises the information included in the
Directors report, but does not include the financial statements and our auditors report thereon.
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the
other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be
materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are
required to report that fact.
We have nothing to report in this regard.
Responsibilities of management and those charged with governance for the financial statements
6. The Companys Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these
financial statements that give a true and fair view of the financial position, financial performance, changes in equity and cash flows of the
Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under section
133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for
safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities selection and application of appropriate
accounting policies making judgments and estimates that are reasonable and prudent and design, implementation and maintenance of adequate
internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the
preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to
fraud or error.
7. In preparing the financial statements, management is responsible for assessing the Companys ability to continue as a going concern, disclosing,
as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the
Company or to cease operations, or has no realistic alternative but to do so. Those Board of Directors are also responsible for overseeing the
Companys financial reporting process.
42
Auditors responsibilities for the audit of the financial statements
8. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement,
whether due to fraud or error, and to issue an auditors report that includes our opinion. Reasonable assurance is a high level of assurance, but is
not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
9. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We
also
- Identity and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit
procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances.
Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial
controls with reference to financial statements in place and the operating effectiveness of such controls
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by
management.
- Conclude on the appropriateness of managements use of the going concern of basis of accounting and based on the audit evidence obtained,
whether a material uncertainty exists, we are required to draw attention in our auditors report to the related disclosures in the financial statements
or if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our
auditors report. However, future events or conditions may cause the Company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial
statements represent the underlying transactions and events in a manner that achieves fair presentation.
10. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
11. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and
where applicable, related safeguards.
Report on other legal and regulatory requirements
12. As required by the Companies (Auditors Report) Order, 2016 (the Order), issued by the Central Government of India in terms of sub-section
(11) of section 143 of the Act, we give in the Annexure B, a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent
applicable.
13. As required by Section 143(3) of the Act, we report that
(a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit.
(b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those
books.
(c) The Balance Sheet, the Statement of Profit and Loss (including other comprehensive income), the Statement of Changes in Equity and Cash
Flow statement dealt with by this Report are in agreement with the books of account.
(d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act.
(e) On the basis of the written representations received from the directors as on March 31, 2020 taken on record by the Board of Directors, none
of the directors is disqualified as on March 31, 2020 from being appointed as a director in terms of Section 164 (2) of the Act.
(f) With respect to the adequacy of the internal financial controls with reference to the financial statements of the Company and the operating
effectiveness of such controls, refer to our separate Report in Annexure A.
(g) With respect to the other matters to be included in the Auditors Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us
i. The Company has disclosed the impact of pending litigations on its financial position in its financial statements Refer Note 34 to the financial
statements
ii. The Company has long-term contracts including derivative contracts as at March 31, 2020 for which there were no material foreseeable losses.
43
iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company during the year
ended March 31, 2020.
iv. The reporting on disclosures relating to Specified Bank Notes is not applicable to the Company for the year ended March 31, 2020.
14. The provisions of Section 197 read with Schedule V to the Act are applicable only to public companies. Accordingly, reporting under Section
197(16) of the Act is not applicable to the Company.
For Price Waterhouse & Co Chartered Accountants LLP
Firm Registration Number 304026E/E-300009
Avijit Mukerji
Partner
Membership Number 056155
UDIN 20056155AAAABO2510
Place Gurugram
Date September 25, 2020
Annexure A to Independent Auditors Report
Referred to in paragraph 13(f) of the Independent Auditors Report of even date to the members of Mother Dairy Fruit and Vegetable Private
Limited on the financial statements for the year ended March 31, 2020
Report on the Internal Financial Controls with reference to financial statements under Clause (i) of Sub-section 3 of Section 143 of the Act
1. We have audited the internal financial controls with reference to financial statements of Mother Dairy Fruit and Vegetable Private Limited (the
Company) as of March 31, 2020 in conjunction with our audit of the financial statements of the Company for the year ended on that date.
Managements Responsibility for Internal Financial Controls
2. The Companys management is responsible for establishing and maintaining internal financial controls based on the internal control over
financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on
Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India (ICAI). These
responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for
ensuring the orderly and efficient conduct of its business, including adherence to companys policies, the safeguarding of its assets, the prevention
and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial
information, as required under the Act.
Auditors Responsibility
3. Our responsibility is to express an opinion on the Companys Internal financial controls with reference to financial statements based on our
audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over financial Reporting (the
Guidance Note) and the Standards on Auditing deemed to be prescribed under section 143(10) of the Act to the extent applicable to an audit of
internal financial controls, both applicable to an audit of internal financial controls and both issued by the ICAI. Those standards and the
Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether
adequate internal financial controls with reference to financial statements was established and maintained and if such controls operated effectively
in all material respects.
4. Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system with reference
to financial statements and their operating effectiveness. Our audit of internal financial controls with reference to financial statements included
obtaining an understanding of internal financial controls with reference to financial statements, assessing the risk that a material weakness exists,
and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend
on the auditors judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error.
5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Companys
internal financial controls system with reference to financial statements.
Meaning of Internal Financial controls with reference to financial statements
6. A companys internal financial controls with reference to financial statements is a process designed to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted
principles. A companys internal financial controls with reference to financial statements includes those policies and procedures that (1) pertain to
44
the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company (2)
provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with
45
generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with
authorisations of management and directors of the company and (3) provide reasonable assurance regarding prevention or timely detection of
unauthorised acquisition, use, or disposition of the companys assets that could have a material effect on the financial statements.
Inherent Limitations of Internal Financial Controls with reference to financial statements
7. Because of the inherent limitations of internal financial controls with reference to financial statements, including the possibility of collusion or
improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any
evaluation of the internal financial controls with reference to financial statements to future periods are subject to the risk that the internal financial
control controls with reference to financial statements may become inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.
Opinion
8. In our opinion, the Company has, in all material respects, an adequate internal financial controls system with reference to financial statements
and such internal financial controls with reference to financial statements were operating effectively as at March 31, 2020, based on the internal
control over financial reporting criteria established by the Company considering the essential components of internal control stated in the
Guidance Note on Audit of Internal Financials Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India. Also
refer paragraph 4 of the main audit report.
Avijit Mukerji
Partner
Place Gurugram
Annexure B to Independent Auditors report
(Referred to in paragraph 12 of the Independent Auditors Report of even date to the members of Mother Dairy Fruit and Vegetable Private
Limited on the financial statements as of and for the year ended March 31, 2020
i. (a) The Company is maintaining proper records showing full particulars, including quantitative details and situation, of fixed assets.
(b) The fixed assets are physically verified by the Management according to a phased programme designed to cover all the items over a period of
2 years which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. Pursuant to the programme, a
portion of the fixed assets has been physically verified by the Management during the year and no material discrepancies have been noticed on
such verification.
(c) The title deeds of immovable properties, as disclosed in Note 4 on Property, Plant and Equipment to the financial statements, are held in the
name of the Company.
ii. The physical verification of inventory (excluding stocks with third parties) have been conducted at reasonable intervals by the Management
during the year. Also physical verification of inventory has been carried out by the management subsequent to the year-end due to the lockdown
restrictions imposed by the Government of India for which roll-back procedures have been performed to determine the existence and condition of
inventory as at the year-end. In respect of inventory lying with third parties, these have substantially been confirmed by them. The discrepancies
noticed on physical verification of inventory as compared to book records were not material.
iii. The Company has not granted any loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or other parties covered in
the register maintained under Section 189 of the Act. Therefore, the provisions of Clause 3(iii), (iii)(a), (iii)(b) and (iii)(c) of the said Order are
not applicable to the Company.
iv. The Company has not granted any loans or made any investments, or provided any guarantees or security to the parties covered under Section
185 and 186. Therefore, the provisions of Clause 3(iv) of the said Order are not applicable to the Company.
v. The Company has not accepted any deposits from the public within the meaning of Sections 73, 74, 75 and 76 of the Act and the Rules framed
there under to the extent notified.
vi. Pursuant to the rules made by the Central Government of India, the Company is required to maintain cost records as specified under Section
148(1) of the Act in respect of manufacture of edible oil. We have broadly reviewed the same, and are of opinion that, prima facie, the prescribed
46
accounts and records have been made and maintained. We have not, however, made a detailed examination of the records with a view to
determine whether they are accurate or complete.
vii (a) According to the information and explanations given to us and the records of the Company examines by us, in our opinion, the Company is
(b) According to the information and explanations given to us and the records of the Company examined by us, there are no dues of service-tax as
at March 31, 2020 which have not been deposited on account of any dispute. The particulars of dues of income tax, sales tax, duty of customs,
duty of excise, value added tax, goods and service tax as at March 31, 2020 which have not been deposited on account of a dispute, are as follows
Amount Amount Deposited Period to which the

Nature Forum where the
Name of the statute (Rs. in under Protest (Rs. in amount relates
of dues dispute is pending
Crores) Crores) (Financial Year)
Income Income Tax Appellate

Income Tax Act, 1961 0.008 Nil 2003-04
Tax Tribunal, Delhi
Income Income Tax Appellate

Income Tax Act, 1961 0.006 Nil 2004-05
Tax Tribunal, Delhi
Commissioner of
Income
Income Tax Act, 1961 1.02 Nil 2008-09 Income Tax (Appeals),
Tax
Delhi
Customs, Excise and

Excise
Central Excise Act, 1944 0.73 0.08 2007-08 to 2012-13 Service Tax Appellate
Duty
Tribunal
Customs, Excise and

Excise
Central Excise Act, 1944 0.50 0.09 2012-13 to 2014-15 Service Tax Appellate
Duty
Tribunal
Customs, Excise and

Custom October 2005 to
Custom Act, 1962 0.32 Nil Service Tax Appellate
Duty October 2008
Tribunal
Deputy Commissioner
West Bengal Sales Tax
Sale Tax 0.03 Nil 2002-03 of Commercial Tax,
Act, 1994
Kolkata
Value Assistant
West Bengal VAT Act,
Added 0.0025 Nil 2005-06 Commissioner, (Sales
2003
Tax Tax)
Value Assistant
Rajasthan Value Added
Added 1.26 0.69 2014-15 Commissioner,
Tax Act, 2003
Tax (Commercial Tax)
47
Value Assistant
Rajasthan Value Added
Added 1.48 0.48 2015-16 Commissioner,
Tax Act, 2003
Tax (Commercial Tax)
Value
Deputy Commissioner
Telangana VAT Act, 2005 Added 0.34 0.17 2016-17
appeal, Hyderabad
Tax
Central
CST (Assam) Rules, 1957 0.11 Nil 2012-13 Commissioner of Taxes
Sale Tax
Central
CST (Assam) Rules, 1957 0.1 Nil 2013-14 Commissioner of Taxes
Sale Tax
Additional
The West Bengal Value Entry
0.05 Nil 2015-16 Commissioner of Sales
Added Tax Act, 2003 Tax
Tax
Rajasthan Tax on Entry of Assistant

Entry
Goods into Local Areas 0.42 0.0087 2016-17 Commissioner
Tax
Act, 1999 Commercial Tax
Goods &
Central Goods and Service Excise & Taxation
Service 0.19 0.19 2019-20
Tax Act, 2017 Commissioner
Tax
viii. According to the records of the Company examined by us and the information and explanation given to us, the Company has not defaulted in
repayment of loans or borrowings to any bank as at the balance sheet date. The Company does not have any loans or borrowings from financial
institution or Government nor has it issued any debentures as at balance sheet date.
ix. In our opinion and according to the information and explanations given to us, term loans have been applied by the Company during the year
for the purposes for which they were raised. The Company has not raised any moneys by way of initial public offer, further public offer
(including debt instruments).
x. During the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditing
practices in India, and according to the information and explanations given to us, we have neither come across any instance of material fraud by
the Company or on the Company by its officers or employees, noticed or reported during the year, nor have we been informed of any such case by
the Management.
xi. The provisions of Section 197 read with Schedule V to the Act are applicable only to public companies. Accordingly, the provisions of Clause
3(xi) of the Order are not applicable to the Company.
xii. As the Company is not a Nidhi Company and the Nidhi Rules, 2014 are not applicable to it, the provisions of Clause 3(xii) of the Order are
not applicable to the Company.
xiii. The Company has entered into transactions with related parties in compliance with the provisions of Section 188 of the Act. The details of
such related party transactions have been disclosed in the financial statements as required under Indian Accounting Standard (Ind AS) 24, Related
Party Disclosures specified under section 133 of the Act. Further, the Company is not required to constitute an Audit Committee under Section
177 of the Act, and accordingly, to this extent, the provisions of Clause 3(xiii) of the Order are not applicable to the Company. However, the
Company has constituted an Audit Committee voluntarily under the terms of reference specified by the board of directors.
xiv. The Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year
48
under review. Accordingly, the provisions of Clause 3(xiv) of the Order are not applicable to the Company.
xv. The Company has not entered into any non cash transactions with its directors or persons connected with him. Accordingly, the provisions of
Clause 3(xv) of the Order are not applicable to the Company.
xvi. The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934. Accordingly, the provisions of
Clause 3(xvi) of the Order are not applicable to the Company.
Avijit Mukerji
Partner
Place Gurugram
[700700] Disclosures - Secretarial audit report

01/04/2019
to
31/03/2020
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
Whether secretarial audit report has been qualified or has any
No
observation or other remarks
49
[110000] Balance sheet

31/03/2020 31/03/2019 31/03/2018
Balance sheet [Abstract]
Assets [Abstract]
Non-current assets [Abstract]
Property, plant and equipment 775.41 691.9 631.58
Capital work-in-progress 54.26 100.45
Investment property 0 0
Goodwill 0 0
Other intangible assets 0.4 1.41 2.29
Intangible assets under development 0 0
Biological assets other than bearer plants 0 0
Non-current financial assets [Abstract]
Non-current investments 0 0
Trade receivables, non-current 0 0
Loans, non-current 20.44 18.96
Other non-current financial assets 0.21 0.54
Total non-current financial assets 20.65 19.5
Deferred tax assets (net) 152.05 59.13
Other non-current assets 6.01 9.24
Total non-current assets 1,008.78 881.63 633.87
Current assets [Abstract]
Inventories 1,495.44 1,206.18
Current financial assets [Abstract]
Current investments 0 0
Trade receivables, current 138.66 190.03
Cash and cash equivalents 15.48 3.67 25.24
Bank balance other than cash and cash equivalents 51 47.76
Loans, current 13.03 12.78
Other current financial assets 22.83 20.26
Total current financial assets 241 274.5 25.24
Current tax assets 24.79 20.65
Other current assets 114.33 48.52
Total current assets 1,875.56 1,549.85 25.24
Total assets 2,884.34 2,431.48 659.11
Equity and liabilities [Abstract]
Equity [Abstract]
Equity attributable to owners of parent [Abstract]
Equity share capital 250.00007 250.00007 250.00007
Other equity 15.59993 179.77993
Total equity attributable to owners of parent 265.6 429.78 250.00007
Total equity 265.6 429.78 250.00007
Liabilities [Abstract]
Non-current liabilities [Abstract]
Non-current financial liabilities [Abstract]
Borrowings, non-current 66 27
Trade payables, non-current 0 0
Other non-current financial liabilities 33.85 0
Total non-current financial liabilities 99.85 27
Provisions, non-current 42.85 30.46
Deferred tax liabilities (net) 0 0
Deferred government grants, Non-current 0.28 11.06
Other non-current liabilities 0 0
Total non-current liabilities 142.98 68.52
Current liabilities [Abstract]
Current financial liabilities [Abstract]
Borrowings, current 1,065.71 659.39
Trade payables, current 968.23 868.49
Other current financial liabilities 311.05 299.42
50
Total current financial liabilities 2,344.99 1,827.3

Other current liabilities 37.47 28.58
Provisions, current 92.86 76.38
Current tax liabilities 0 0
Deferred government grants, Current 0.44 0.92
Total current liabilities 2,475.76 1,933.18
Total liabilities 2,618.74 2,001.7
Total equity and liabilities 2,884.34 2,431.48 250.00007
[210000] Statement of profit and loss
Earnings per share [Table] ..(1)

Classes of equity share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Statement of profit and loss [Abstract]
Earnings per share [Abstract]
Earnings per share [Line items]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from
[INR/shares] -6.31 [INR/shares] -3.67 [INR/shares] -6.31 [INR/shares] -3.67
continuing operations
Basic earnings (loss) per share from
[INR/shares] 0 [INR/shares] 0 [INR/shares] 0 [INR/shares] 0
discontinued operations
Total basic earnings (loss) per share [INR/shares] -6.31 [INR/shares] -3.67 [INR/shares] -6.31 [INR/shares] -3.67
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from
[INR/shares] -6.31 [INR/shares] -3.67 [INR/shares] -6.31 [INR/shares] -3.67
continuing operations
Diluted earnings (loss) per share from
[INR/shares] 0 [INR/shares] 0 [INR/shares] 0 [INR/shares] 0
Total diluted earnings (loss) per share [INR/shares] -6.31 [INR/shares] -3.67 [INR/shares] -6.31 [INR/shares] -3.67
51

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Statement of profit and loss [Abstract]
Income [Abstract]
Revenue from operations 10,419.98 9,517.7
Other income 27.15 30.72
Total income 10,447.13 9,548.42
Expenses [Abstract]
Cost of materials consumed 7,575.74 6,496.65
Purchases of stock-in-trade 1,280.22 1,446.73
Changes in inventories of finished goods, work-in-progress and
370.37 110.46
stock-in-trade
Employee benefit expense 350.34 363.85
Finance costs 55.95 41.59
Depreciation, depletion and amortisation expense 109.02 93.16
Other expenses 954.77 947.21
Total expenses 10,696.41 9,499.65
Profit before exceptional items and tax -249.28 48.77
Exceptional items before tax 0 -190.85
Total profit before tax -249.28 -142.08
Tax expense [Abstract]
Current tax -2.26 17.6
Deferred tax -89.32 -67.85
Total tax expense -91.58 -50.25
Total profit (loss) for period from continuing operations -157.7 -91.83
Total profit (loss) for period -157.7 -91.83
Comprehensive income OCI components presented net of tax [Abstract]
Whether company has other comprehensive income OCI components
No No
presented net of tax
Other comprehensive income net of tax [Abstract]
Total other comprehensive income -6.7 -5.72
Total comprehensive income -164.4 -97.55
Comprehensive income OCI components presented before tax [Abstract]
Whether company has comprehensive income OCI components presented
Yes Yes
before tax
Other comprehensive income before tax [Abstract]
Components of other comprehensive income that will not be
reclassified to profit or loss, before tax [Abstract]
Other comprehensive income, before tax, gains (losses) from
0 0
investments in equity instruments
Other comprehensive income, before tax, gains (losses) on
0 0
revaluation
-10.29 -8.8
remeasurements of defined benefit plans
Other comprehensive income, before tax, change in fair
value of financial liability attributable to change 0 0
in credit risk of liability
hedging instruments that hedge investments in equity 0 0
instruments
Other comprehensive income, before tax, net
movement in regulatory deferral account balances
0 0
related to items that will not be reclassified to
profit or loss
Share of other comprehensive income of associates
and joint ventures accounted for using equity
0 0
method that will not be reclassified to profit or
loss, before tax
Other comprehensive income that will not be reclassified to
0 0
profit or loss, before tax, others
Other comprehensive income that will not be reclassified to
-10.29 -8.8
profit or loss, before tax
Components of other comprehensive income that will be
reclassified to profit or loss, before tax [Abstract]
Exchange differences on translation before tax [Abstract]
52
Gains (losses) on exchange differences on translation, before

0 0
tax
Reclassification adjustments on exchange differences on
0 0
translation, before tax
Total other comprehensive income, before tax, exchange
0 0
differences on translation
Debt instrument through other comprehensive income before tax
[Abstract]
Gains (losses) on debt instrument through other
0 0
comprehensive income, before tax
Reclassification adjustments on debt instrument through
0 0
other comprehensive income, before tax
Other comprehensive income, before tax, Debt instrument
0 0
through other comprehensive income
Cash flow hedges before tax [Abstract]
Gains (losses) on cash flow hedges, before tax 0 0
Reclassification adjustments on cash flow hedges, before tax 0 0
Amounts removed from equity and included in
carrying amount of non-financial asset
(liability) whose acquisition or incurrence 0 0
was hedged highly probable forecast
transaction, before tax
Total other comprehensive income, before tax, cash flow hedges 0 0
Hedges of net investments in foreign operations before tax
[Abstract]
Gains (losses) on hedges of net investments in foreign
0 0
operations, before tax
Reclassification adjustments on hedges of net investments
0 0
in foreign operations, before tax
Total other comprehensive income, before tax, hedges of net
0 0
investments in foreign operations
Change in value of time value of options before tax [Abstract]
Gains (losses) on change in value of time value of options,
0 0
before tax
Reclassification adjustments on change in value of time
0 0
value of options, before tax
Total other comprehensive income, before tax, change in
0 0
value of time value of options
Change in value of forward elements of forward contracts before
tax [Abstract]
Gains (losses) on change in value of forward elements of
0 0
forward contracts, before tax
Reclassification adjustments on change in value of
0 0
forward elements of forward contracts, before tax
0 0
value of forward elements of forward contracts
Change in value of foreign currency basis spreads before tax
[Abstract]
Gains (losses) on change in value of foreign currency basis
0 0
spreads, before tax
Reclassification adjustments on change in value of foreign
0 0
currency basis spreads, before tax
0 0
value of foreign currency basis spreads
related to items that will be reclassified to
profit or loss [Abstract]
Gains (losses) on net movement in regulatory
deferral account balances related to items that
0 0
will be reclassified to profit or loss, before
tax
Reclassification adjustments on net movement in regulatory
0 0
deferral account balances, before tax
Total other comprehensive income, before tax,
net movement in regulatory deferral account
0 0
balances related to items that will be
reclassified to profit or loss
Financial assets measured at fair value through other
comprehensive income before tax [Abstract]
53
Gains (losses) on financial assets measured at fair value

0 0
through other comprehensive income, before tax
Reclassification adjustments on financial assets
measured at fair value through other comprehensive 0 0
income, before tax
Amounts removed from equity and adjusted
against fair value of financial assets on
reclassification out of fair value through 0 0
other comprehensive income measurement
category, before tax
financial assets measured at fair value through other 0 0
comprehensive income
and joint ventures accounted for using equity method
0 0
that will be reclassified to profit or loss, before
tax
Other comprehensive income that will be reclassified to profit
0 0
or loss, before tax, others
Total other comprehensive income that will be reclassified to
0 0
profit or loss, before tax
Total other comprehensive income, before tax -10.29 -8.8
Income tax relating to components of other comprehensive
income that will not be reclassified to profit or loss
[Abstract]
Income tax relating to investments in equity instruments of
0 0
other comprehensive income
Income tax relating to changes in revaluation surplus of other
0 0
Income tax relating to remeasurements of defined benefit plans
0 0
of other comprehensive income
Income tax relating to changes in fair value of
financial liability attributable to change in
0 0
credit risk of liability of other comprehensive
income
Income tax relating to hedges of investments in equity
0 0
instruments of other comprehensive income
Others income tax relating to components of other
comprehensive income that will not be reclassified to -3.59 -3.08
profit or loss
Aggregated income tax relating to components of other
profit or loss
Income tax relating to share of other
comprehensive income of associates and joint
0 0
ventures accounted for using equity method that
will not be reclassified to profit or loss
Income tax relating to components of other comprehensive
income that will be reclassified to profit or loss [Abstract]
Income tax relating to exchange differences on translation of
0 0
Income tax relating to cash flow hedges of other comprehensive
0 0
income
Income tax relating to hedges of net investments in foreign
0 0
operations of other comprehensive income
Income tax relating to change in value of time value of
0 0
options of other comprehensive income
Income tax relating to change in value of forward elements
0 0
of forward contracts of other comprehensive income
Income tax relating to change in value of foreign currency
0 0
basis spreads of other comprehensive income
Income tax relating to financial assets measured at fair value
0 0
comprehensive income that will be reclassified to profit 0 0
or loss
comprehensive income that will be reclassified to profit 0 0
or loss
Total other comprehensive income -6.7 -5.72
54
Earnings per share explanatory [TextBlock]

Earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] -6.31 [INR/shares] -3.67
Basic earnings (loss) per share from discontinued operations [INR/shares] 0 [INR/shares] 0
Total basic earnings (loss) per share [INR/shares] -6.31 [INR/shares] -3.67
Diluted earnings (loss) per share from continuing operations [INR/shares] -6.31 [INR/shares] -3.67
Diluted earnings (loss) per share from discontinued operations [INR/shares] 0 [INR/shares] 0
Total diluted earnings (loss) per share [INR/shares] -6.31 [INR/shares] -3.67
55
[400200] Statement of changes in equity
Statement of changes in equity [Table] ..(1)

Equity attributable to the equity holders
Components of equity [Axis] Equity [Member]
of the parent [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement
0 0
is applicable)
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -157.7 -91.83 -157.7 -91.83
Changes in comprehensive income components -6.7 -5.72
Total comprehensive income -157.7 -91.83 -164.4 -97.55
Other changes in equity [Abstract]
Other additions to reserves 0.22 0
Deductions to reserves [Abstract]
Other utilisation of securities premium
0 0
if permitted
Other deductions to reserves 0 0
Total deductions to reserves 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation
[Abstract]
Interim equity dividend
0 0
appropriation
Interim special dividend
0 0
appropriation
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 10
Final special dividend appropriation 0 0
Total final dividend appropriation 0 10
Total dividend appropriation 0 10
Equity dividend tax appropriation 0 2.06
Other appropriations 0 0
Transfer to Retained earnings 0 0
Total appropriations for dividend,
0 12.06
dividend tax and retained earnings
Appropriation towards bonus shares 0 0
Increase (decrease) through other
0 0
contributions by owners, equity
0 0
distributions to owners, equity
Increase (decrease) through other changes,
0 0
equity
Increase (decrease) through changes in
ownership interests in subsidiaries that 0 0
do not result in loss of control, equity
Other changes in equity, others 0 0
Total other changes in equity 0.22 -12.06
Total increase (decrease) in equity -157.7 -91.83 -164.18 -109.61
56
Other equity at end of period 15.59993 179.77993

Equity attributable
to the equity
Components of equity [Axis] Reserves [Member]
holders of the
parent [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Equity [Abstract]
0 0
is applicable)
Effect of changes in accounting policy 0 0
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 0
Profit (loss) for period -157.7 -91.83
Changes in comprehensive income components -6.7 -5.72
Other additions to reserves 0.22 0
0 0
if permitted
Other deductions to reserves 0 0
Total deductions to reserves 0 0
[Abstract]
0 0
appropriation
0 0
appropriation
Total interim dividend appropriation 0 0
Final equity dividend appropriation 0 10
Final special dividend appropriation 0 0
Total final dividend appropriation 0 10
Total dividend appropriation 0 10
Equity dividend tax appropriation 0 2.06
Other appropriations 0 0
Transfer to Retained earnings 0 0
0 12.06
Appropriation towards bonus shares 0 0
0 0
0 0
0 0
equity
ownership interests in subsidiaries that 0 0
Other changes in equity, others 0 0
Total other changes in equity 0.22 -12.06
Total increase (decrease) in equity -164.18 -109.61
Other equity at end of period 289.38993 15.59993 179.77993 289.38993
57

Retained earnings
Components of equity [Axis] Capital reserves [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Equity [Abstract]
0 0 0
is applicable)
Effect of changes in accounting policy 0 0 0
Correction of prior period errors 0 0 0
Adjustments to equity for restatement 0 0 0
Profit (loss) for period 0 0 -157.7
Changes in comprehensive income components 0 0 -6.7
Total comprehensive income 0 0 -164.4
Other additions to reserves 0 0 0.22
0 0 0
if permitted
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
[Abstract]
0 0 0
appropriation
0 0 0
appropriation
Total interim dividend appropriation 0 0 0
Final equity dividend appropriation 0 0 0
Final special dividend appropriation 0 0 0
Total final dividend appropriation 0 0 0
Total dividend appropriation 0 0 0
Equity dividend tax appropriation 0 0 0
Other appropriations 0 0 0
Transfer to Retained earnings 0 0 0
0 0 0
Appropriation towards bonus shares 0 0 0
0 0 0
0 0 0
0 0 0
equity
ownership interests in subsidiaries that 0 0 0
Other changes in equity, others 0 0 0
Total other changes in equity 0 0 0.22
Total increase (decrease) in equity 0 0 -164.18
58

Components of equity [Axis] Retained earnings [Member] Other retained earning [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Equity [Abstract]
0 0 0
is applicable)
Effect of changes in accounting policy 0 0 0
Correction of prior period errors 0 0 0
Adjustments to equity for restatement 0 0 0
Profit (loss) for period -91.83 -157.7 -91.83
Changes in comprehensive income components -5.72 -6.7 -5.72
Total comprehensive income -97.55 -164.4 -97.55
Other additions to reserves 0 0.22 0
0 0 0
if permitted
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
[Abstract]
0 0 0
appropriation
0 0 0
appropriation
Total interim dividend appropriation 0 0 0
Final equity dividend appropriation 10 0 10
Final special dividend appropriation 0 0 0
Total final dividend appropriation 10 0 10
Total dividend appropriation 10 0 10
Equity dividend tax appropriation 2.06 0 2.06
Other appropriations 0 0 0
Transfer to Retained earnings 0 0 0
12.06 0 12.06
Appropriation towards bonus shares 0 0 0
0 0 0
0 0 0
0 0 0
equity
ownership interests in subsidiaries that 0 0 0
Other changes in equity, others 0 0 0
Total other changes in equity -12.06 0.22 -12.06
Total increase (decrease) in equity -109.61 -164.18 -109.61
59

Other retained
Components of equity [Axis]
earning [Member]
31/03/2018
Equity [Abstract]
Other equity at end of period 288.93993

01/04/2019
to
31/03/2020
Disclosure of notes on changes in equity [TextBlock] [See below]
60
Disclosure of notes on changes in equity [Text Block]
Note 13 Other Reserves
Rs. in
Crore)
March March
Particulars 31, 31,
2020 2019
Other Reserve 0.45 0.45
Retained earnings 15.15 179.33
Total Reserves & Surplus 15.60 179.78
(i) Other reserve - Capital reserve refer note (i) below
Balance at the beginning of the year 0.45 0.45
Balance at the end of the year 0.45 0.45
March March
(ii) Retained earnings 31, 31,
2020 2019
Change in accounting policy (refer note 40) 0.22 -
Net profit for the year (157.70) (91.83)
Items of other comprehensive income recognised directly in retained earnings
61
-Remeasurements of post-employment defined benefit obligation, net of tax [refer note 15 (b)] (6.70) (5.72)
Less Dividend including tax [refer note 31(b)] - (12.06)
Balance at the end of the year 15.15 179.33
Nature and purpose of other reserves
Other Reserve - Capital Reserve
(i) Capital reserves includes Rs. 0.45 crores (March 31, 2019 - Rs 0.45 crores) recognised in earlier years as
capital reserves arising on account of Business Combination in the past, for which the company has elected
not to apply IND AS 103 retrospectively by availing the exemption in respect Business Combination available
under IND AS 101
62
[320000] Cash flow statement, indirect

01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before tax -249.28 -142.08
Adjustments for reconcile profit (loss) [Abstract]
Adjustments for finance costs 55.95 41.59
Adjustments for decrease (increase) in inventories -289.26 132.4
Adjustments for decrease (increase) in trade receivables, current 43.87 -56.79
Adjustments for decrease (increase) in trade receivables, non-current 0 0
Adjustments for decrease (increase) in other current assets -67.75 13.07
Adjustments for decrease (increase) in other non-current assets -0.86 -0.24
Adjustments for other financial assets, non-current -1.15 -6
Adjustments for other financial assets, current -1.56 -14.59
Adjustments for other bank balances 0 0
Adjustments for increase (decrease) in trade payables, current 100.14 47.81
Adjustments for increase (decrease) in trade payables, non-current 0 0
Adjustments for increase (decrease) in other current liabilities 8.89 -15.91
Adjustments for increase (decrease) in other non-current liabilities 0 0
Adjustments for depreciation and amortisation expense 109.02 93.16
Adjustments for impairment loss reversal of impairment loss
0 0
recognised in profit or loss
Adjustments for provisions, current 27.89 7.46
Adjustments for provisions, non-current 0 0
Adjustments for other financial liabilities, current -0.35 45.15
Adjustments for other financial liabilities, non-current 0 0
Adjustments for unrealised foreign exchange losses gains 0.06 0.03
Adjustments for dividend income 0 0
Adjustments for interest income 4.63 4.99
Adjustments for share-based payments 0 0
Adjustments for fair value losses (gains) 0 0
Adjustments for undistributed profits of associates 0 0
Other adjustments for which cash effects are investing or financing
0 0
cash flow
Other adjustments to reconcile profit (loss) 0 0
Other adjustments for non-cash items 7.33 187.35
Share of profit and loss from partnership firm or association
0 0
of persons or limited liability partnerships
Total adjustments for reconcile profit (loss) -12.41 469.5
Net cash flows from (used in) operations -261.69 327.42
Dividends received 0 0
Interest paid 0 0
Interest received 0 0
Income taxes paid (refund) 1.89 12.33
Other inflows (outflows) of cash 0 0
Net cash flows from (used in) operating activities -263.58 315.09
Cash flows from used in investing activities [Abstract]
Proceeds from sales of property, plant and equipment -0.24 0.28
Purchase of property, plant and equipment 113.71 190.4
Proceeds from government grants -12 11.41
Interest received 3.36 4.15
Other inflows (outflows) of cash 3.24 -190.21
Net cash flows from (used in) investing activities -119.35 -364.77
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings 466.32 90.9
Repayments of borrowings 9 9
Payments of finance lease liabilities 0 0
63
Payments of lease liabilities 0 0

Dividends paid 0 12.06
Interest paid 52.4 41.73
Income taxes paid (refund) 0 0
Other inflows (outflows) of cash -10.18 0
Net cash flows from (used in) financing activities 394.74 28.11
Net increase (decrease) in cash and cash equivalents before effect of
11.81 -21.57
exchange rate changes
Effect of exchange rate changes on cash and cash equivalents [Abstract]
Effect of exchange rate changes on cash and cash equivalents 0 0
Net increase (decrease) in cash and cash equivalents 11.81 -21.57
Cash and cash equivalents cash flow statement at end of period 15.48 3.67 25.24
[610100] Notes - List of accounting policies

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of significant accounting policies [TextBlock] [See below]
Description of accounting policy for borrowing costs [TextBlock] [See below]
Description of accounting policy for borrowings [TextBlock] [See below]
Description of accounting policy for cash flows [TextBlock] [See below]
Description of accounting policy for contingent liabilities and Textual information (40)
contingent assets [TextBlock] [See below]
Description of accounting policy for deferred income tax [TextBlock] [See below]
Description of accounting policy for depreciation expense [TextBlock] [See below]
Description of accounting policy for determining components of cash and Textual information (43)
cash equivalents [TextBlock] [See below]
Description of accounting policy for dividends [TextBlock] [See below]
Description of accounting policy for earnings per share [TextBlock] [See below]
Description of accounting policy for employee benefits [TextBlock] [See below]
Description of accounting policy for financial assets [TextBlock] [See below]
Description of accounting policy for financial instruments [TextBlock] [See below]
Description of accounting policy for foreign currency translation Textual information (49)
[TextBlock] [See below]
Textual information (50) Textual information (51)
Description of accounting policy for government grants [TextBlock] [See below] [See below]
Description of accounting policy for hedging [TextBlock] [See below]
Description of accounting policy for impairment of assets [TextBlock] [See below]
Description of accounting policy for income tax [TextBlock] [See below]
Description of accounting policy for intangible assets other than goodwill Textual information (55)
Description of accounting policy for leases [TextBlock] [See below]
Description of accounting policy for measuring inventories [TextBlock] [See below]
Description of accounting policy for property, plant and equipment Textual information (58)
Description of accounting policy for provisions [TextBlock] [See below]
Description of accounting policy for recognition of revenue [TextBlock] [See below]
Description of accounting policy for segment reporting [TextBlock] [See below]
64
Disclosure of significant accounting policies [Text Block]

MOTHER DAIRY FRUIT AND VEGETABLE PRIVATE LIMITED FOR THE YEAR ENDED MARCH 31, 2020
NOTES FORMING PART OF THE FINANCIAL STATAEMENTS
1. General information
Mother Dairy Fruit and Vegetable Private Limited (the Company) was incorporated on March 24, 2000 as a wholly owned subsidiary of National
Dairy Development Board (NDDB), a body corporate formed under the National Dairy Development Act, 1987 and having its head office at
Anand, Gujarat, India.
The Company is in the business of processing, manufacturing, trading and selling of milk, milk products, fresh & frozen fruits and vegetables,
fruit pulp and juices, oil and other food products.
2. Significant accounting policies
The principal accounting policies applied in the preparation of financial statements are set out below. These policies have been consistently
applied to all years presented, unless otherwise stated
(i) Basis of Preparation
a. Compliance with Ind AS
The financial statements comply in all material aspects with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies
Act, 2013 (the Act) [Companies (Indian Accounting Standards) Rules, 2015] and other relevant provisions of the Act.
b. Historical Cost Convention
The financial statements have been prepared on a historical cost basis, except for the following
- certain financial assets and liabilities (including derivative instruments) and contingent consideration that are measured at fair value.
- assets held for sale - measured at fair value less cost to sell and
- defined benefit plans - plan assets measured at fair value
c. Current versus non-current classification
All assets and liabilities have been classified as current or non-current as per Companys operating cycle and other criteria set out in the Schedule
III to the Companies Act 2013. Based on the nature of products and the time between acquisition of assets for processing and their realisation in
cash and cash equivalent, the Company has ascertained its operating cycle as 12 months for the purpose of current or non-current classification of
assets and liabilities.
d. New and amended standards adopted by the company
The Company has applied the following standards and amendments for the first time for annual reporting period commencing April 1, 2019
- Ind AS 116, Leases
- Uncertainty over Income Tax treatments- Appendix C to Ind AS 12, Income Taxes
- Plan Amendment, Curtailment or Settlement- Amendments to Ind AS 19, Employee Benefits
65
- Amendment to Ind AS 12, Income Taxes
- Amendment to Ind AS 23, Borrowing Costs
The company had to change its accounting policies and make certain adjustments following the adoption of Ind AS 116. This is disclosed in Note
40. The other amendments listed above did not have any impact on the amounts recognized in prior periods and are not expected to significantly
affect the current or future periods.
(ii) Segment reporting
Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker.
The board of directors of the Company have delegated the responsibility to assess the financial performance and make strategic decisions to the
Managing Director and Chief Financial Officer, who have been identified as the Chief Operating Decision Maker (CODM).
The Company has structured its operations into the following segments
Dairy - Milk and other milk products manufactured / traded by the Company.
Horticulture and Others - Fresh and frozen fruits and vegetables, fruit pulp, juices and other traded products.
Edible Oil - Oil processed/traded by the Company.
The accounting policies adopted for segment reporting are in line with the accounting policies of the Company. Segment revenue, segment
expenses, segment assets and segment liabilities have been identified to segments on the basis of their relationship to the operating activities of
the segment.
Revenue, expenses, assets and liabilities which relate to the Company as a whole and are not allocable to segments on reasonable basis have been
included under unallocated revenue/ expenses/assets /liabilities.
(iii) Foreign currency transactions
(a) Functional and Presentation currency
Items included in the financial statements are measured using the currency of the primary economic environment in which the entity operates (the
functional currency). The financial statements are presented in Indian rupee (INR), which is the Companys functional and presentation currency.
(b) Transactions and balances
Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign
exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities
denominated in foreign currencies at year end exchange rates are generally recognised in profit or loss.
Foreign exchange differences regarded as an adjustment to borrowing costs are presented in the statement of profit and loss, within finance costs.
All other foreign exchange gains and losses are presented in the statement of profit and loss on a net basis within other gains/ (losses).
Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value
was determined. Translation differences on assets and liabilities carried at fair value are reported as part of the fair value gain or loss.
(iv) Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Amounts disclosed as revenue are net of returns, trade
allowances, rebates and exclusive of goods and service tax and amounts collected on behalf of third parties.
The Company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to
the entity and specific criteria have been met for each of the Companys activities as described below. The Company bases its estimates on
historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.
66
Sale of goods
Revenue from sales of goods are recognised when the control of the promised goods has transferred which generally occurs, when goods are
delivered to the customer, the customer has full discretion over the channel and price to sell the products, and there is no unfulfilled obligations
that could affect the acceptance of the goods by the customer. Accumulated experience is used to estimate and provide for the discounts, rebates
and returns.
Revenue is recognised based on the price specified in the contract, net of the estimated volume discounts and incentive schemes. Accumulated
experience is used to estimate and provide for such variable consideration, and the revenue is only recognised to the extent that it is highly
probable that a significant reversal in the revenue will not occur. A refund liability (included in other current liabilities) is recognised for the
variable consideration payable to the customer in relation to sales made until the end of the reporting period. Refund liability is also recognised
for expected discount and other incentives payable to customers as at the period end. The validity of assumptions used to estimate variable
consideration and expected return of products is reassessed annually.
Financial Components
The Company does not have any contracts where the period between the transfer of the promised goods or services to the customer and payment
by the customer exceeds one year. As a consequence, the Company does not adjust any of the transaction prices for the time value of money.
A Contract Liability is recognised where payment received from the customers exceeds the goods sold by the Company. The same has been
disclosed as Advance from Customers under Other Current Liabilities.
Rendering of services
Revenue from services related to processing of milk, fruits and vegetables are recognized in the accounting period when services are rendered as
per the contractual terms with the customers.
Other income
Insurance and other claims are recognised on an accrual basis when the right to receive payment is established.
(v) Government grants
Grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and the
Company will comply with all attached conditions.
Government grants relating to income are deferred and recognised in the profit or loss over the period necessary to match them with the costs that
they are intended to compensate and presented within other income.
Government grants relating to the purchase of property, plant and equipment are included in non-current liabilities as deferred income and are
credited to profit or loss on a straight-line basis over the expected lives of the related assets and presented within other income.
Exports incentives under various schemes have been recognised in accordance with the terms of the scheme on accrual basis.
(vi) Income Tax
The income tax expense or credit for the period is the tax payable on the current periods taxable income based on the applicable income tax rate
adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses.
The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the end of the reporting period.
Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to
interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in
the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised
for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that is
probable that tax profits will be available against which those deductible temporary differences can be utilized.
Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the end of the reporting period
and are expected to apply when the related deferred income tax asset is realised or the deferred income tax liability is settled.
67
Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the
deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are offset where the entity has a legally
enforceable right to offset and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Current and deferred tax are recognised in profit or loss, except when they relate to items that are recognised in Other comprehensive income or
directly in equity, in which case, the current and deferred tax are also recognised in other comprehensive income or directly in equity,
respectively.
(vii) Leases
Till 31 March 2019
As a lessee
The determination of whether an arrangement is (or contains) a lease is based on the substance of the arrangement at the inception of the lease.
The arrangement is, or contains, a lease if fulfilment of the arrangement is dependent on the use of a specific asset or assets and the arrangement
conveys a right to use the asset or assets, even if that right is not explicitly specified in an arrangement.
Leases of property, plant and equipment where the Company, as lessee, has substantially all the risks and rewards of ownership are classified as
finance leases. Finance leases are capitalised at the leases inception at the fair value of the leased property or, if lower, the present value of the
minimum lease payments. The corresponding rental obligations, net of finance charges, are included in borrowings or other financial liabilities as
appropriate. Each lease payment is allocated between the liability and finance cost. The finance cost is charged to the profit or loss over the lease
period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period.
Leases in which a significant portion of the risks and rewards of ownership are not transferred to the Company as lessee are classified as operating
leases. Payments made under operating leases (net of any incentives received from the lessor) are charged to profit or loss on a straight-line basis
over the period of the lease unless the payments are structured to increase in line with expected general inflation to compensate for the lessors
expected inflationary cost increases.
As a lessor
Lease income from operating leases where the Company is a lessor is recognised in income on a straight-line basis over the lease term unless the
receipts are structured to increase in line with expected general inflation to compensate for the expected inflationary cost increases. The respective
leased assets are included in the balance sheet based on their nature.
With effect from 1 April 2019
As a lessee
From 1 April 2019, leases are reognised as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for
use by the Company. Contracts may contain both lease and non lease components. The company allocates the consideration in the contract to the
lease and non-lease components based on their relative stand-alone prices. However, for leases of real estate for which the Company is a lessee, it
has elected not to separate lease and non-lease components and instead accounts for these as a single lease component.
Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the
following lease payments
- fixed payments (including in-substance fixed payments), less any lease incentives receivable
- Variable lease payment that are based on an index or a rate, initially measured using the index or rate as at the commencement date
- amounts expected to be payable by the Company under residual value guarantees
- the exercise price of a purchase option if the Company is reasonably certain to exercise that option, and
- payments of penalties for terminating the lease, if the lease term reflects the Company exercising that option.
Lease payments to be made under reasonably certain extension options are also included in the measurement of the Liability. The lease payments
are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the
Company, the lessees incremental borrowing rate is used, being the rate that the individual lessee would have to pay borrow the funds necessary
68
to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions.
To determine the incremental borrowing rate, the Company
- where possible, uses recent third-party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing
conditions since third party financing was received
- uses a build-up approach that starts with a risk free interest rate adjusted for credit risk for leases held by Company, which does not have recent
third party financing, and
- makes adjustments specific to the lease, e.g. term, country, currency and security.
The Company is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease
liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and
adjusted against the right-of-use-asset.
Lease Payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to
produce a constant periodic rate of interest on the remaining balance of the liability for each period.
Variable lease payments that depend on production are recognised in profit or loss in the period in which the condition that triggers those
payments occurs.
Right-of-use assets are measured at cost comprising the following
- the amount of the initial measurement of lease liability
- any lease payments made at or before the commencement date less any lease incentives received
- any initial direct costs, and
- restoration costs
Right-of-use assets are generally depreciated over the shorter of the assets useful life and the lease term on a straight-line basis. If the Company is
reasonably certain to exercise a purchase option, the right-of-use asset is depreciated over the underlying assets useful life.
Payments associated with short-term leases of equipment and all leases of low-value assets are recognised on a straight-line basis as an expense in
profit or loss. Short-term leases are leases with a lease term of 12 months or less. Low-value assets comprise IT equipment and small items of
office furniture.
As a lessor
Lease income from operating leases where the Company is a lessor is recognised in income on a straight-line basis over the lease term. Initial
direct costs incurred in obtaining an operating lease are added to the carrying amount of the underlying asset and recognised as expense over the
lease term on the same basis as lease income. The respective leased assets are included in the balance sheet based on their nature. The Company
did not need to make any adjustments to the accounting for assets held as lessor as a result of adopting the new leasing standard.
(viii) Impairment of assets
Intangible assets that have an indefinite useful life are not subject to amortisation and are tested annually for impairment, or more frequently if
events or changes in circumstances indicate that they might be impaired. Other assets are tested for impairment whenever events or changes in
circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the assets
carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an assets fair value less costs of disposal and value in
use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows
which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Non-financial assets that suffered
an impairment are reviewed for possible reversal of the impairment at the end of each reporting period.
(ix) Cash and cash equivalents
For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, other short-term, highly liquid
69
investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an
insignificant risk of changes in value, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities in the balance sheet.
(x) Trade receivables
Trade receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less
provision for impairment.
(xi) Inventories
Inventories are valued at the lower of cost or net realisable value.
Costs incurred in bringing each product to its present location and condition are accounted for as follows
a. Raw materials cost includes cost of purchases and other cost incurred in bringing the inventories to their present location and condition. Cost is
determined on the basis of the weighted average method.
b. Finished goods and work in progress cost includes cost of direct materials and labour and a proportion of manufacturing overheads based on
the normal operating capacity, but excluding borrowing costs. Cost is determined on the basis of the weighted average method.
c. Traded goods- cost includes cost of purchase and other cost incurred in bringing the inventories to their present location and condition. Cost is
Net realizable value is the estimated selling price in the ordinary course of business, less estimated cost of completion and estimated costs
necessary to make the sale.
(xii) Non-current assets (or disposable groups) held for sale and discontinued operations
Non-current assets (or disposal groups) are classified as held for sale if its carrying amount will be recovered principally through a sale
transaction rather than through continuing use and a sale is considered highly probable. They are measured at the lower of their carrying amount
and fair value less cost to sell, except for assets such as deferred tax assets and financial assets which are specifically exempt from this
requirement.
An impairment loss is recognised for any initial or subsequent write-down of the asset (or disposal group) to fair value less costs to sell. A gain is
recognised for any subsequent increases in fair value less costs to sell of an asset (or disposal group), but not in excess of any cumulative
impairment loss previously recognised. A gain or loss not previously recognised by the date of the sale of the non-current asset (or disposal
group) is recognised at the date of de-recognition.
Non-current assets (including those that are part of a disposal group) are not depreciated or amortised while they are classified as held for sale.
Interest and other expenses attributable to the liabilities of a disposal group classified as held for sale continue to be recognised.
Non-current assets classified as held for sale and the assets of a disposal group classified as held for sale are presented separately from the other
assets in the balance sheet. The liabilities of a disposal group classified as held for sale are presented separately from other liabilities in the
balance sheet.
(xiii) Financial Instruments
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another
entity.
Financial Assets
a. Classification
The Company classifies its financial assets in the following measurement categories-
- those to be measured subsequently at fair value (either through other comprehensive income, or through profit or loss), and
- those measured at amortised cost.
70
The classification depends on the entitys business model for managing the financial assets and contractual terms of the cash flow.
For assets measured at fair value, gains and losses will either be recorded in profit or loss or other comprehensive income. For investments in debt
instruments, this will depend on the business model in which the investment is held. For investments in equity instruments, this will depend on
whether the Company has made an irrevocable election at the time of initial recognition to account for the equity investment at fair value through
other comprehensive income.
The Company reclassifies debt instruments when and only when its business model for managing those assets changes.
b. Measurements
At initial recognition, the Company measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit
or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair
value through profit or loss are expensed in profit or loss.
Debt instruments
Subsequent measurement of debt instruments depends on the Companys business model for managing the asset and the cash flow characteristics
of the asset. There are three measurement categories into which the Company classifies its debt instruments
Amortised cost - Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and
interest are measured at amortised cost. A gain or loss on a debt instruments that is subsequently measured at amortised cost and is not part of a
hedging relationship is recognised in profit or loss when the asset is derecognised or impaired. Interest income from these financial assets is
included in finance income using the effective interest rate method. Impairment losses are presented as separate line item in the Statement of
Profit and Loss.
Fair value through other comprehensive income (FVOCI) - Assets that are held for collection of contractual cash flows and for selling the
financial assets, where the assets cash flows represent solely payments of principal and interest, are measured at fair value through other
comprehensive income (FVOCI). Movements in the carrying amount are taken through OCI, except for the recognition of impairment gains or
losses, interest revenue and foreign exchange gains and losses which are recognized in profit and loss. When the financial asset is derecognised,
the cumulative gain or loss previously recognised in OCI is reclassified from equity to profit or loss and recognised in other gain/ (losses). Interest
income from these financial assets is included in other income using the effective interest rate method.
Fair value through profit or loss- Assets that do not meet the criteria for amortised cost or FVOCI are measured at fair value through profit or loss.
A gain or loss on a debt instruments that is subsequently measured at fair value through profit or loss and is presented net within other gains
(losses) in the period in which it arises. Interest income from these financial assets is included in other income.
c. Impairment of financial assets
The Company assesses on a forward looking basis the expected credit losses associated with its assets carried at amortised cost and FVOCI debt
instruments. The impairment methodology applied depends on whether there has been a significant increase in credit risk. Note 29 details how the
Company determines whether there has been a significant increase in credit risk.
For trade receivables only, the Company applies the simplified approach permitted by Ind AS 109 Financial Instruments, which requires expected
lifetime losses to be recognised from initial recognition of the receivables.
d. De-recognition of financial assets
A financial asset is derecognised only when
- The Company has transferred the rights to receive cash flows from the financial asset, or
- Retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual obligation to pay the cash flows to one or
more recipients.
Where the entity has transferred an asset, the Company evaluates whether it has transferred substantially all risks and rewards of ownership of the
71
financial asset. In such cases, the financial asset is derecognised. Where the entity has not transferred substantially all risks and rewards of
ownership of the financial asset, the financial asset is not derecognised.
Where the entity has neither transferred a financial asset nor retains substantially all risks and rewards of ownership of the financial asset, the
financial asset is derecognised if the Company has not retained control of the financial asset. Where the Company retains control of the financial
asset, the asset continues to be recognised to the extent of continuing involvement in the financial asset.
e. Income recognition
Interest income
Interest income from financial assets at fair value through profit or loss is disclosed as interest income within other income. Interest income on
financial assets at amortised cost and financial assets at FVOCI is calculated using the effective interest rate method is recognised in the statement
of profit or loss as part of other income.
Interest income is calculated applying the effective interest rate to the gross carrying amount of a financial asset except for financial assets that
subsequently become credit impaired. For credit impaired financial assets the effective interest rate is applied to the net carrying amount of the
financial asset (after deduction of loss allowance).
Financial Liabilities and equity instruments
a. Classification as debt or equity
Debt and equity instruments issued by Company are classified as either financial liabilities or as equity in accordance with the substance of the
contractual arrangements and the definitions of a financial liability and an equity instrument.
b. Equity instruments
An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities.
c. Financial Liabilities
(i) Classification and measurement
Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as FVTPL if it is classified as held for
trading, or it is a derivative or it is designated as such on initial recognition.
At initial recognition, the Company measures a financial liability at its fair value plus, in the case of a financial liability not at fair value through
profit or loss, transaction costs that are directly attributable to the issue of the financial liability. Transactions costs of financial liability carried at
fair value through profit or loss are expensed in profit or loss. Financial Liabilities at FVTPL are measured at fair value and net gains and losses,
including any interest expenses, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the
effective interest method. Interest expenses and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on
derecognition is also recognised in profit or loss.
(ii) Derecognition of financial liabilities
The Company derecognises a financial liability when it contractual obligations are discharged or cancelled, or expire.
The Company also derecognises a financial liability when its terms are modified and the cash flows under the modified terms are substantially
different. In this case, a new liability is based on the modified term is recognised at fair value. The difference between the carrying amount of the
financial liability extinguished and the new financial liability with modified term is recognised in profit or loss.
(xiv) Derivatives and hedging activities
The Company uses foreign currency forward contracts to hedge its foreign currency risk. Such forward contracts are initially recognised at fair
value on the date on which forward currency contract is entered into and are subsequently re-measured at fair value. Forward currency contacts
are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is negative. Any gain or losses arising
from changes in fair value of forward currency contract are taken directly to profit or loss.
72
(xv) Offsetting Financial Instruments
Financial assets and liabilities are offset and the net amount is reported in the balance sheet where there is a legally enforceable right to offset the
recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously. The legally
enforceable right must not be contingent on future events and must be enforceable in the normal course of business and in the event of default,
insolvency.
(xvi) Property, plant and equipment
Freehold land is carried at historical cost. All other items of property, plant and equipment are carried at historical cost less accumulated
depreciation / amortisation and impairment losses, if any. Historical cost includes expenditure that is directly attributable to the acquisition of the
items.
Subsequent costs are included in the assets carrying amount or recognised as a separate asset as appropriate, only when it is probable that future
economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of
any component accounted for as a separate asset is derecognised when replaced. All other repairs and maintenance are charged to profit or loss
during the reporting period in which they are incurred.
Transition to Ind AS
On transition to Ind AS, the Company has elected to continue with the carrying value of all of its property, plant and equipment recognised as at
April 01, 2016 measured as per the previous GAAP and use that carrying value as the deemed cost of the property, plant and equipment.
Depreciation methods, estimated useful lives and residual value
Depreciation is calculated using the straight line method to allocate their cost, net of their residual values, over their estimated useful life. The
useful lives have been determined based on technical evaluation done by the managements expert which are same as those specified by Schedule
II to the Companies Act, 2013, in order to reflect the actual usage of the assets.
The residual values are not more than 5% of the original cost of the asset.
The assets residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.
Accordingly, the useful life of assets considered is as follows-
Class of Property, plant and equipment Useful life
Buildings 30 years
Plant and equipment 15/10/7.5 years
Office equipment 5 years
Computers 3 years
Furniture and fixtures 10 years
Vehicles 8 years
73
Roads 10 years
Depreciation is provided on the basis of number of shifts working.
An assets carrying amount is written down immediately to its recoverable amount if the assets carrying amount is greater than its estimated
recoverable amount.
Gains and losses on disposals are determined by comparing proceeds with carrying amount. These are included in profit or loss within Other
Income in Statement of Profit and loss.
(xvii) Intangible Assets
Intangible assets are stated at their cost of acquisition net of accumulated amortisation.
Intangible assets are amortised on as straight line basis over their estimated useful lives which has been considered as 3 years.
recoverable amount.
The gain or loss arising from derecognition of an intangible asset shall be determined as the difference between the net disposal proceeds, if any,
and the carrying amount of the asset. It shall be recognised in profit or loss when the asset is derecognised.
On transition to Ind AS, the Company has elected to continue with the carrying value of all of intangible assets recognised as at 1 April 2016
measured as per the previous GAAP and use that carrying value as the deemed cost of intangible assets.
(xviii) Trade and other payables
These amounts represent liabilities for goods and services provided to the group prior to the end of financial year which are unpaid. The amounts
are unsecured and are usually paid as per payment terms. Trade and other payables are presented as current liabilities unless payment is not due
within 12 months after the reporting period. They are recognised initially at their fair value and subsequently measured at amortised cost using the
effective interest method.
(xix) Borrowings
Borrowings are initially recognised at fair value, net of transaction costs incurred. Borrowings are subsequently measured at amortised cost. Any
difference between the proceeds (net of transaction costs) and the redemption amount is recognised in profit or loss over the period of the
borrowings using the effective interest method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to
the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw down occurs. To the
extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a prepayment for
liquidity services and amortised over the period of the facility to which it relates.
Borrowings are removed from the balance sheet when the obligation specified in the contract is discharged, cancelled or expired. The difference
between the carrying amount of a financial liability that has been extinguished or transferred to another party and the consideration paid,
including any non-cash assets transferred or liabilities assumed, is recognised in profit or loss as other gains/(losses).
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least 12
months after the reporting period. Where there is a breach of a material provision of a long-term loan arrangement on or before the end of the
reporting period with the effect that the liability becomes payable on demand on the reporting date, the entity does not classify the liability as
current, if the lender agreed, after the reporting period and before the approval of the financial statements for issue, not to demand payment as a
consequence of the breach.
(xx) Borrowing cost
74
General and specific borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset are
capitalised during the period of time that is required to complete and prepare the asset for its intended use or sale. Qualifying assets are assets that
necessarily take a substantial period of time to get ready for their intended use or sale.
Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from
the borrowing costs eligible for capitalisation.
Other borrowing costs are expensed in the period in which they are incurred.
(xxi) Provisions, Contingent Liabilities and Contingent Assets
Provisions
Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an
outflow of resources will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. When the
Company expects some or all of a provision to be reimbursed, for example, under an insurance contract, the reimbursement is recognised as a
separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision is presented in the Statement of Profit and
Loss net of any reimbursement.
Provisions are measured at the present value of managements best estimate of the expenditure required to settle the present obligation at the end
of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects current market assessments of the time
value of money and the risks specific to the liability. The increase in the provision due to the passage of time is recognised as interest expense.
The unwinding of the discount is recognised as finance cost. Provisions are reviewed by the management at each reporting date and adjusted to
reflect the current best estimates.
Contingent Liabilities
Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by
the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that
arises from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amount
cannot be made.
Contingent Assets
Contingent assets are disclosed when there is a possible asset that arises from past events and whose existence will be confirmed only by the
occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity.
(xxii) Employee benefits
i. Short term obligations
Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled wholly within 12 months after the end of the
period in which the employees render the related service are recognised in respect of employees services up to the end of the reporting period and
are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as financial liabilities in the balance
sheet.
ii. Other long term employee benefits
Compensated absences which are not expected to be settled within twelve months after the end of the period in which the employee renders the
related services are recognized as a liability at the present value of the defined benefit obligation as at the balance sheet date on the basis of
actuarial valuation using the Projected Unit Credit method at the end of each year. Remeasurement gains and losses arising from experience
adjustments and changes in actuarial assumptions are recognised in the period in which they occur, directly in the statement of profit and loss.
The obligations are presented as current liabilities in the balance sheet if the entity does not have an unconditional right to defer the settlement for
at least twelve months after the reporting period, regardless of when the actual settlement is expected to occur.
iii. Post-employment obligations
75
The Company operates the following post-employment schemes-
a) defined benefit plans such as gratuity, provident fund for certain employees and
b) defined contribution plans such as pension fund, superannuation fund, provident fund for certain employees and state plans
Defined benefit plans
a) Gratuity obligation
The Company provides for gratuity, a Defined Benefit Plan (the Gratuity Plan) covering eligible employees in accordance with the Payment of
Gratuity Act, 1972. The Gratuity Plan provides a lump sum payment to vested employees at retirement, death, incapacitation or termination of
employment, of an amount based on the respective employees salary and the tenure of employment. The Companys liability is determined by
actuary using the Projected Unit Credit method at the Balance Sheet date. The liability or asset recognised in the balance sheet in respect of the
defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less the fair value of plan
assets. The defined benefit obligation is calculated annually by an actuary using the projected unit credit method. The Gratuity Fund is recognized
by the income tax authorities and is administered through trustees. The present value of the defined benefit obligation denominated is determined
by discounting the estimated future cash outflows by reference to market yield at the end of the reporting period on government bonds that have
terms approximating to the terms of the related obligation.
The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan
assets. This cost is included in employee benefit expense in the Statement of Profit and loss.
Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are recognised in the period in which
they occur, directly in other comprehensive income. They are included in retained earnings in the statement of changes in equity and in the
balance sheet.
Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments are recognized immediately in
profit or loss as past service cost.
b) Provident fund
The Company makes specified monthly contributions towards employees provident fund to Trusts administered by the Company for certain
employees. The minimum interest payable by the provident fund trusts to the beneficiaries every year is notified by the Government. The
Company has an obligation to make good the shortfall of interest (basis the actuarial valuation), if any, as at the date of the Balance Sheet. The
Companys liability is actuarially determined (using the Projected Unit Credit method) at the Balance sheet date and any shortfall in the fund size
maintained by the Trust set up by the Company is additionally provided for. The Provident Fund is recognised by the income tax authorities and
is administered through trustees.
Defined contributions plans
a) Superannuation fund
The Company has a Defined Contribution Plan for post-employment benefit which is recognised by the income tax authorities. This fund is
administered through trustees and the Companys contribution thereto is charged to Statement of Profit and Loss on accrual basis.
b) State plans
The Companys contributions to State plans namely Employees Pension Scheme 1995 and Employees State Insurance Fund which are Defined
Contribution Plans are charged to Statement of Profit and Loss on accrual basis.
c) Provident fund
Defined contribution plans are provident fund scheme for certain employees. The Company recognises contribution payable to the respective
employee benefit fund scheme as an expenditure, as an when they are due. The Company has no further payment obligations once the
contributions have been made.
76
(xxiii) Dividends
Provision is made for the amount of any dividend declared, being appropriately authorised and no longer at the discretion of the entity, on or
before the end of the reporting period but not distributed at the end of the reporting period.
(xxiv) Earnings per share (EPS)
a. Basic earnings per share
Basic earnings per share is calculated by dividing
- The profit attributable to owners of the Company
- By the weighted average number of equity shares outstanding during the financial year, adjusted for bonus elements in equity shares issued
during the year, if any.
b. Diluted earnings per share
Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account
- The after income tax effect of interest and other financing costs associated with dilutive potential equity shares, and
- The weighted average number of additional equity shares that would have been outstanding assuming the conversion of all dilutive potential
equity shares.
(xxv) Cash flow statement
Cash flows are reported using the indirect method, whereby profit before extraordinary items and tax is adjusted for the effects of transactions of
non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from operating, investing and financing
activities of the Company are segregated based on the available information.
(xxvi) Exceptional Items
Exceptional items are items which are events or transactions that are clearly distinct from the ordinary activities of the Company and, therefore,
are not expected to occur frequently or regularly.
(xxvii) Rounding of amounts
All amounts disclosed in the financial statements and notes have been rounded off to the nearest crores as per the requirement of Schedule III,
unless otherwise stated.
3. Critical estimates and judgements
The preparation of financial statements requires the use of accounting estimates which, by definition, will seldom equal the actual results.
Management also needs to exercise judgement in applying the Companys accounting policies.
This note provides an overview of the areas that involved a higher degree of judgement or complexity, and of items which are more likely to be
materially adjusted due to estimates and assumptions turning out to be different than those originally assessed.
Estimates and judgements are continually evaluated. They are based on historical experience and other factors, including expectations of future
events that may have a financial impact on the Company and that are believed to be reasonable under the circumstances.
Detailed information about each of these estimates and judgements is included in relevant notes together with information about the basis of
calculation for each affected line item in the financial statements.
77
The areas involving Critical estimates or judgements are
(a) Estimated provision for obsolesce on inventory - Note 10
(b) Estimation of defined benefit obligations - Note 15
(c)Estimation for contingencies- Note 34
(d)Impairment of Trade Receivable and other financial assets- Note 30
(e)Recognition of deferred tax assets for carried forward tax losses - Note 7
(f)Estimation of useful life and Impairment of Property Plant & Equipment
Useful Life- Management reviews its estimate of the useful lives of property, plant and equipment at each reporting date, based on the expected
utility of the assets. Uncertainties in these estimates relate to technical and economic obsolescence that may change the utility of property, plant
and equipment.
Impairment Assessment- Impairment testing is an area involving management judgement, requiring assessment as to whether the carrying value
of assets can be supported by the net present value of future cash flows derived from such assets using cash flow projections which have been
discounted at an appropriate rate. In calculating the net present value of the future cash flows, certain assumptions are required to be made in
respect of inherently uncertain matters including managements expectations of growth in operations and related cash flows, market conditions,
discount rates, etc.
(g) Impairment of Loan receivable
The risk of uncollectibility of Loans receivables is primarily estimated based on prior experience with, and the past due status of, doubtful
receivables, based on factors that include ability to pay, bankruptcy and payment history. The assumptions and estimates applied for determining
the provision for impairment are reviewed periodically.
(h) Determination of lease term and estimation of amount payable under residual value guarantees
In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension
option, or not exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the
lease is reasonably certain to be extended (or not terminated).
For leases of Land, Building, retail stores and equipment, the following factors are normally the most relevant
- If there are significant penalties to terminate (or not extend), the Company is typically reasonably certain to extend (or terminate)
- If any leasehold improvements are expected to have a significant remaining value, the Company is typically reasonably certain to extend (or not
terminate).
- Otherwise, the Company considers other factors including historical lease durations and the costs and business disruption required to replace the
leased asset.
Most extension options in offices leases have not been included in the leased liability, because the Company could replace the assets without
significant cost or business disruption.
The lease term is reassessed if an option is actually exercised (or not exercised) or the Company becomes obliged to exercise (or not exercise) it,
the assessment of reasonable certainty is only revised if a significant event or a significant change in circumstances occurs, which affects this
assessment, and that is within the control of leasee.
Estimation of the amount payable under the residual value guarantees.
The Company initially estimates and recognises amount expected to be payable under residual value guarantees as part of the lease liability.
Typically the expected residual value at lease commencement is equal to or higher than the guaranteed amount, and so the Company does not
expect anything under the guarantees.
78
Description of accounting policy for borrowing costs [Text Block]

Borrowing cost
Description of accounting policy for borrowings [Text Block]

Borrowings
Description of accounting policy for cash flows [Text Block]

Cash flow statement
79
Description of accounting policy for contingent liabilities and contingent assets [Text Block]
Provisions, Contingent Liabilities and Contingent Assets
Provisions
cannot be made.
Contingent Assets
Description of accounting policy for deferred income tax [Text Block]

Income Tax
respectively.
80
Description of accounting policy for depreciation expense [Text Block]

Property, plant and equipment
items.
Accordingly, the useful life of assets considered is as follows
Buildings 30 years
Computers 3 years
Vehicles 8 years
Roads 10 years
81
recoverable amount.
Description of accounting policy for determining components of cash and cash equivalents [Text Block]
Cash and cash equivalents
Description of accounting policy for dividends [Text Block]

Dividends
Description of accounting policy for earnings per share [Text Block]

Earnings per share (EPS)
equity shares.
82
Description of accounting policy for employee benefits [Text Block]

Employee benefits
sheet.
balance sheet.
b) Provident fund
83
b) State plans
c) Provident fund
84
Description of accounting policy for financial assets [Text Block]

Financial Assets
a. Classification
b. Measurements
Debt instruments
Profit and Loss.
85
Description of accounting policy for financial instruments [Text Block]

Financial Instruments
entity.
Financial Assets
a. Classification
b. Measurements
Debt instruments
Profit and Loss.
86
more recipients.
Interest income
87
Description of accounting policy for foreign currency translation [Text Block]

Foreign currency transactions
Description of accounting policy for government grants [Text Block]

Government grants

Government grants
88
Description of accounting policy for hedging [Text Block]

Derivatives and hedging activities
Description of accounting policy for impairment of assets [Text Block]

Impairment of assets
Description of accounting policy for income tax [Text Block]

Income Tax
respectively.
89
Description of accounting policy for intangible assets other than goodwill [Text Block]
Intangible Assets
recoverable amount.
90
Description of accounting policy for leases [Text Block]

Leases
Till 31 March 2019
As a lessee
As a lessor
As a lessee
91
payments occurs.
- restoration costs
office furniture.
As a lessor
92
Description of accounting policy for measuring inventories [Text Block]

Inventories
93
Description of accounting policy for property, plant and equipment [Text Block]
items.
Buildings 30 years
Computers 3 years
Vehicles 8 years
Roads 10 years
94
recoverable amount.
Description of accounting policy for provisions [Text Block]

Provisions
95
Description of accounting policy for recognition of revenue [Text Block]

Revenue recognition
Sale of goods
and returns.
Other income
96
Description of accounting policy for segment reporting [Text Block]

Segment reporting
the segment.
[610200] Notes - Corporate information and statement of IndAs compliance

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of corporate information notes and other explanatory information Textual information (62)
Statement of Ind AS compliance [TextBlock] [See below] [See below]
Whether there is any departure from Ind AS No No
Whether there are reclassifications to comparative amounts No No
Disclosure of significant accounting policies [TextBlock] [See below]
Disclosure of corporate information notes and other explanatory information [Text Block]
97
Statement of Ind AS compliance [Text Block]

Statement of Ind AS compliance [Text Block]

Act, 2013 (the Act) Companies (Indian Accounting Standards) Rules, 2015 and other relevant provisions of the Act.
The financial statements up to year ended March 31, 2017 were prepared in accordance with the accounting standards notified under Companies
(Accounting Standard) Rules, 2006 (as amended) and other relevant provisions of the Act.
These financial statements are the first financial statements of the Company under Ind AS. Refer note 43 for an explanation of how the transition
from previous GAAP to Ind AS has affected the Companys financial position, financial performance and cash flows.
98
Disclosure of significant accounting policies [Text Block]

MOTHER DAIRY FRUIT AND VEGETABLE PRIVATE LIMITED FOR THE YEAR ENDED MARCH 31, 2020
NOTES FORMING PART OF THE FINANCIAL STATAEMENTS
1. General information
2. Significant accounting policies
The principal accounting policies applied in the preparation of financial statements are set out below. These policies have been consistently
applied to all years presented, unless otherwise stated
(i) Basis of Preparation
b. Historical Cost Convention
The financial statements have been prepared on a historical cost basis, except for the following
- certain financial assets and liabilities (including derivative instruments) and contingent consideration that are measured at fair value.
- assets held for sale - measured at fair value less cost to sell and
- defined benefit plans - plan assets measured at fair value
c. Current versus non-current classification
All assets and liabilities have been classified as current or non-current as per Companys operating cycle and other criteria set out in the Schedule
III to the Companies Act 2013. Based on the nature of products and the time between acquisition of assets for processing and their realisation in
cash and cash equivalent, the Company has ascertained its operating cycle as 12 months for the purpose of current or non-current classification of
assets and liabilities.
d. New and amended standards adopted by the company
The Company has applied the following standards and amendments for the first time for annual reporting period commencing April 1, 2019
- Ind AS 116, Leases
- Uncertainty over Income Tax treatments- Appendix C to Ind AS 12, Income Taxes
- Plan Amendment, Curtailment or Settlement- Amendments to Ind AS 19, Employee Benefits
99
- Amendment to Ind AS 12, Income Taxes
- Amendment to Ind AS 23, Borrowing Costs
The company had to change its accounting policies and make certain adjustments following the adoption of Ind AS 116. This is disclosed in Note
40. The other amendments listed above did not have any impact on the amounts recognized in prior periods and are not expected to significantly
affect the current or future periods.
(ii) Segment reporting
the segment.
(iii) Foreign currency transactions
(iv) Revenue recognition
100
Sale of goods
and returns.
Other income
(v) Government grants
(vi) Income Tax
101
respectively.
(vii) Leases
Till 31 March 2019
As a lessee
As a lessor
As a lessee
102
payments occurs.
- restoration costs
office furniture.
As a lessor
(viii) Impairment of assets
(ix) Cash and cash equivalents
103
(x) Trade receivables
Trade receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less
provision for impairment.
(xi) Inventories
(xii) Non-current assets (or disposable groups) held for sale and discontinued operations
Non-current assets (or disposal groups) are classified as held for sale if its carrying amount will be recovered principally through a sale
transaction rather than through continuing use and a sale is considered highly probable. They are measured at the lower of their carrying amount
and fair value less cost to sell, except for assets such as deferred tax assets and financial assets which are specifically exempt from this
requirement.
An impairment loss is recognised for any initial or subsequent write-down of the asset (or disposal group) to fair value less costs to sell. A gain is
recognised for any subsequent increases in fair value less costs to sell of an asset (or disposal group), but not in excess of any cumulative
impairment loss previously recognised. A gain or loss not previously recognised by the date of the sale of the non-current asset (or disposal
group) is recognised at the date of de-recognition.
Non-current assets (including those that are part of a disposal group) are not depreciated or amortised while they are classified as held for sale.
Interest and other expenses attributable to the liabilities of a disposal group classified as held for sale continue to be recognised.
Non-current assets classified as held for sale and the assets of a disposal group classified as held for sale are presented separately from the other
assets in the balance sheet. The liabilities of a disposal group classified as held for sale are presented separately from other liabilities in the
balance sheet.
(xiii) Financial Instruments
entity.
Financial Assets
a. Classification
104
b. Measurements
Debt instruments
Profit and Loss.
more recipients.
105
Interest income
a. Classification as debt or equity
Debt and equity instruments issued by Company are classified as either financial liabilities or as equity in accordance with the substance of the
contractual arrangements and the definitions of a financial liability and an equity instrument.
b. Equity instruments
An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities.
c. Financial Liabilities
(i) Classification and measurement
Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as FVTPL if it is classified as held for
trading, or it is a derivative or it is designated as such on initial recognition.
At initial recognition, the Company measures a financial liability at its fair value plus, in the case of a financial liability not at fair value through
profit or loss, transaction costs that are directly attributable to the issue of the financial liability. Transactions costs of financial liability carried at
fair value through profit or loss are expensed in profit or loss. Financial Liabilities at FVTPL are measured at fair value and net gains and losses,
including any interest expenses, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the
effective interest method. Interest expenses and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on
derecognition is also recognised in profit or loss.
(ii) Derecognition of financial liabilities
The Company derecognises a financial liability when it contractual obligations are discharged or cancelled, or expire.
The Company also derecognises a financial liability when its terms are modified and the cash flows under the modified terms are substantially
different. In this case, a new liability is based on the modified term is recognised at fair value. The difference between the carrying amount of the
financial liability extinguished and the new financial liability with modified term is recognised in profit or loss.
(xiv) Derivatives and hedging activities
106
(xv) Offsetting Financial Instruments
Financial assets and liabilities are offset and the net amount is reported in the balance sheet where there is a legally enforceable right to offset the
recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously. The legally
enforceable right must not be contingent on future events and must be enforceable in the normal course of business and in the event of default,
insolvency.
(xvi) Property, plant and equipment
items.
Buildings 30 years
Computers 3 years
Vehicles 8 years
107
Roads 10 years
recoverable amount.
(xvii) Intangible Assets
recoverable amount.
(xviii) Trade and other payables
These amounts represent liabilities for goods and services provided to the group prior to the end of financial year which are unpaid. The amounts
are unsecured and are usually paid as per payment terms. Trade and other payables are presented as current liabilities unless payment is not due
within 12 months after the reporting period. They are recognised initially at their fair value and subsequently measured at amortised cost using the
effective interest method.
(xix) Borrowings
(xx) Borrowing cost
108
(xxi) Provisions, Contingent Liabilities and Contingent Assets
Provisions
cannot be made.
Contingent Assets
(xxii) Employee benefits
sheet.
109
balance sheet.
b) Provident fund
b) State plans
c) Provident fund
110
(xxiii) Dividends
(xxiv) Earnings per share (EPS)
equity shares.
(xxv) Cash flow statement
(xxvi) Exceptional Items
Exceptional items are items which are events or transactions that are clearly distinct from the ordinary activities of the Company and, therefore,
are not expected to occur frequently or regularly.
(xxvii) Rounding of amounts
All amounts disclosed in the financial statements and notes have been rounded off to the nearest crores as per the requirement of Schedule III,
unless otherwise stated.
3. Critical estimates and judgements
The preparation of financial statements requires the use of accounting estimates which, by definition, will seldom equal the actual results.
Management also needs to exercise judgement in applying the Companys accounting policies.
This note provides an overview of the areas that involved a higher degree of judgement or complexity, and of items which are more likely to be
materially adjusted due to estimates and assumptions turning out to be different than those originally assessed.
Estimates and judgements are continually evaluated. They are based on historical experience and other factors, including expectations of future
events that may have a financial impact on the Company and that are believed to be reasonable under the circumstances.
Detailed information about each of these estimates and judgements is included in relevant notes together with information about the basis of
calculation for each affected line item in the financial statements.
111
The areas involving Critical estimates or judgements are
(a) Estimated provision for obsolesce on inventory - Note 10
(b) Estimation of defined benefit obligations - Note 15
(c)Estimation for contingencies- Note 34
(d)Impairment of Trade Receivable and other financial assets- Note 30
(e)Recognition of deferred tax assets for carried forward tax losses - Note 7
(f)Estimation of useful life and Impairment of Property Plant & Equipment
Useful Life- Management reviews its estimate of the useful lives of property, plant and equipment at each reporting date, based on the expected
utility of the assets. Uncertainties in these estimates relate to technical and economic obsolescence that may change the utility of property, plant
and equipment.
Impairment Assessment- Impairment testing is an area involving management judgement, requiring assessment as to whether the carrying value
of assets can be supported by the net present value of future cash flows derived from such assets using cash flow projections which have been
discounted at an appropriate rate. In calculating the net present value of the future cash flows, certain assumptions are required to be made in
respect of inherently uncertain matters including managements expectations of growth in operations and related cash flows, market conditions,
discount rates, etc.
(g) Impairment of Loan receivable
The risk of uncollectibility of Loans receivables is primarily estimated based on prior experience with, and the past due status of, doubtful
receivables, based on factors that include ability to pay, bankruptcy and payment history. The assumptions and estimates applied for determining
the provision for impairment are reviewed periodically.
(h) Determination of lease term and estimation of amount payable under residual value guarantees
In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension
option, or not exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the
lease is reasonably certain to be extended (or not terminated).
For leases of Land, Building, retail stores and equipment, the following factors are normally the most relevant
- If there are significant penalties to terminate (or not extend), the Company is typically reasonably certain to extend (or terminate)
- If any leasehold improvements are expected to have a significant remaining value, the Company is typically reasonably certain to extend (or not
terminate).
- Otherwise, the Company considers other factors including historical lease durations and the costs and business disruption required to replace the
leased asset.
Most extension options in offices leases have not been included in the leased liability, because the Company could replace the assets without
significant cost or business disruption.
The lease term is reassessed if an option is actually exercised (or not exercised) or the Company becomes obliged to exercise (or not exercise) it,
the assessment of reasonable certainty is only revised if a significant event or a significant change in circumstances occurs, which affects this
assessment, and that is within the control of leasee.
Estimation of the amount payable under the residual value guarantees.
The Company initially estimates and recognises amount expected to be payable under residual value guarantees as part of the lease liability.
Typically the expected residual value at lease commencement is equal to or higher than the guaranteed amount, and so the Company does not
expect anything under the guarantees.
112
[610300] Notes - Accounting policies, changes in accounting estimates and errors

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of changes in accounting policies, accounting estimates and errors Textual information (66)
Disclosure of initial application of standards or interpretations
[TextBlock]
Whether initial application of an Ind AS has an effect on the
No No
current period or any prior period
Disclosure of voluntary change in accounting policy [TextBlock]
Whether there is any voluntary change in accounting policy No No
Disclosure of changes in accounting estimates [TextBlock]
Whether there are changes in acounting estimates during the year No No
113
Disclosure of changes in accounting policies, accounting estimates and errors [Text Block]
Note 40 Changes in accounting policies
Impact on the financial statements-lessee accounting
As indicated in note 2(i)(d), the Company has adopted Ind AS 116 retrospectively from 1 April 2019, but has not restated comparatives for year
ended 31 March 2019, as permitted under the specific transition provisions in the standard. The reclassifications and the adjustments arising from
the new leasing rules are therefore recognised in the opening balance sheet on 1 April 2019. The new accounting policies are disclosed in note
2(vii).
On adoption of Ind AS 116, the Company recognised lease liabilities in relation to leases which had previously been classified as operating leases
under the principles of Ind AS 17, Leases. These liabilities were measured at the present value of the remaining lease payments, discounted using
the lessees incremental borrowing rate (IBR) as of 1 April 2019. The lessees incremental borrowing rate applied to the lease liabilities on 1 April
2019 is as under
Period Rate of discount
0-5 Yr 8.40%
5-10 Yr 9.00%
Above 10 Yr 9.60%
For leases previously classified as finance leases the entity recognised the carrying amount of the lease asset and lease liability immediately
before transition as the carrying amount of the right of use asset and the lease liability at the date of initial application. The measurement
principles of Ind AS 116 are only applied after that date. The remeasurements to the lease liabilities were recognised as adjustments to the related
right-of-use assets immediately after the date of initial application.
a) Practical expedients applied
In applying Ind AS 116 for the first time, the Company has used the following practical expedients permitted by the standard
- applying a single discount rate to a portfolio of leases with reasonably similar characteristics
- relying on previous assessments on whether leases are onerous as an alternative to performing an impairment review - there were no onerous
contracts as at 1 April 2019
- accounting for operating leases with a remaining lease term of less than 12 months as at 1 April 2019 as short-term leases
- excluding initial direct costs for the measurement of the right-of-use asset at the date of initial application, and
- using hindsight in determining the lease term where the contract contains options to extend or terminate the lease.
b) Measurement of lease liabilities (Rs in Crores)
Particulars As at April 01, 2019
Operating lease commitments as at March 31, 2019 59.16
114
Less
Commitments relating to short-term leases (0.06)
Effect of Discounting under IBR (20.25)
Changes in rent commitments during the year (18.68)
Add
Arrangements not considered to be lease under Ind AS 17 9.90
Lease liabilities as at April 1, 2019 30.07
of which
Current lease liability 4.79
Non-Current lease liability 25.28
30.07
c) Measurement of right-of-use assets
The associated right-of-use assets for property leases were measured on a retrospective basis as if the new rules had always been applied.
d) Adjustments recognised in the balance sheet on 1 April 2019
The change in accounting policy affected the following items in the balance sheet on 1 April 2019
- property, plant and equipment - decrease by Rs. 1.35 crores
- right-of-use assets - increase by Rs. 33.27 crores
- deferred tax assets (net) - increase by Rs. 0.65 crores
- prepayments - decrease by Rs. 1.85 crores
- lease liabilities - increase by Rs. 30.07 crores
- Trade payable - decrease by Rs. 0.22 crores
The net impact on retained earnings on 1 April 2019 was decrease of Rs. 0.22 crores
115
e) Lessor accounting
The Company did not need to make any adjustments to the accounting for assets held as lessor under operating leases (see note 4(a)) as a result of
the adoption of Ind AS 116
116
[400600] Notes - Property, plant and equipment
Disclosure of detailed information about property, plant and equipment [Table] ..(1)
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 186.32 152.93 186.32
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-98.41 -91.61
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-98.41 -91.61
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
changes, property, plant and -1.35 0 -1.43
equipment
Total increase (decrease) through
transfers and other changes, property, -1.35 0 -1.43
plant and equipment
Disposals and retirements, property,
Disposals, property, plant and
3.05 1 9.25
equipment
117
Retirements, property, plant and

0 0 0
equipment
Total disposals and retirements,
3.05 1 9.25
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
83.51 60.32 175.64
plant and equipment
Property, plant and equipment at end of
775.41 691.9 631.58 1,110.24
period
118
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
[Abstract]
combinations, property, plant and 152.93
equipment
combinations, property, plant and 0
equipment
exchange differences, property, 0
plant and equipment
98.41 91.61
loss
0 0
98.41 91.61
equipment
equipment
0
equipment
plant and equipment
equipment
changes, property, plant and 0 -0.08 0
equipment
transfers and other changes, property, 0 -0.08 0
plant and equipment
5.05 6.2 4.05
equipment
0 0 0
equipment
5.05 6.2 4.05
119

equipment
equipment
147.88 92.13 87.56
plant and equipment
934.6 786.72 334.83 242.7
period
120
Property, plant and
Classes of property, plant and equipment [Axis] equipment Land [Member]
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
[Abstract]
combinations, property, plant and 0 0
equipment
equipment
exchange differences, property, 0 0
plant and equipment
0 -0.01
loss
0 0
0 -0.01
equipment
equipment
0 0
equipment
plant and equipment
transfers, property, plant and 0 0
equipment
changes, property, plant and -1.35 0
equipment
transfers and other changes, property, -1.35 0
plant and equipment
0 0
equipment
121

0 0
equipment
0 0
for sale, property, plant and 0 0
equipment
subsidiary, property, plant and 0 0
equipment
-1.35 -0.01
plant and equipment
155.14 0 1.35 1.36
period
122
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Accumulated
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
0
loss
0
0
equipment
or loss, property, plant and 0
equipment
recognised in profit or loss, 0
0 0
comprehensive income, property, plant and 0
equipment
in other comprehensive income, property, 0
plant and equipment
equipment
changes, property, plant and -1.43 0 -0.08
equipment
transfers and other changes, property, -1.43 0 -0.08
plant and equipment
0 0 0
equipment
0 0 0
equipment
0 0 0
123

equipment
equipment
-1.43 0 -0.08
plant and equipment
0 1.43 1.43 0
period
124
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Owned assets [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
[Abstract]
combinations, property, plant and 0 1.31
equipment
equipment
plant and equipment
0.01 0 0
loss
0 0 0
0.01 0 0
equipment
or loss, property, plant and 0 0 0
equipment
recognised in profit or loss, 0 0 0
0 0
comprehensive income, property, plant and 0 0 0
equipment
in other comprehensive income, property, 0 0 0
plant and equipment
equipment
changes, property, plant and 0 0 0
equipment
transfers and other changes, property, 0 0 0
plant and equipment
0 0 0
equipment
0 0 0
equipment
0 0 0
125

equipment
equipment
0.01 0 1.31
plant and equipment
0.08 0.07 4.87 4.87
period
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
[Abstract]
combinations, property, plant and 0 1.31
equipment
equipment
plant and equipment
0 0
equipment
changes, property, plant and 0 0
equipment
transfers and other changes, property, 0 0
plant and equipment
0 0
equipment
0 0
equipment
0 0
equipment
equipment
0 1.31
plant and equipment
3.56 4.87 4.87 3.56
period
126
Buildings
[Member]
Owned assets
[Member]
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
0 0 -9.57
loss
0 0 0
0 0 -9.57
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0 0.24
equipment
0 0 0
equipment
0 0 0.24
127

equipment
equipment
0 0 34.25
plant and equipment
0 0 0 219.94
period
128
Classes of property, plant and equipment [Axis] Buildings [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
-12.05
loss
0
-12.05
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0.38 0.01
equipment
0 0 0
equipment
0 0.38 0.01
129

equipment
equipment
19.09 43.68 31.13
plant and equipment
185.69 166.6 259.59 215.91
period
130
Classes of property, plant and equipment [Axis] Buildings [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
[Abstract]
9.57 12.05
loss
0 0
9.57 12.05
equipment
equipment
equipment
plant and equipment
equipment
equipment
plant and equipment
0.14 0.01
equipment
0 0
equipment
0.14 0.01
equipment
equipment
9.43 12.04
plant and equipment
184.78 39.65 30.22 18.18
period
131
Classes of property, plant and equipment [Axis] Factory building [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
-9.57 -12.05
loss
0 0
-9.57 -12.05
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0.24 0 0.38
equipment
0 0 0
equipment
0.24 0 0.38
132

equipment
equipment
34.25 19.09 43.68
plant and equipment
219.94 185.69 166.6 259.59
period
133
Classes of property, plant and equipment [Axis] Factory building [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
9.57 12.05
loss
0 0
9.57 12.05
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
0.01 0.14 0.01
equipment
0 0 0
equipment
0.01 0.14 0.01
134

equipment
equipment
31.13 9.43 12.04
plant and equipment
215.91 184.78 39.65 30.22
period
135
Factory building
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
[Member]
Owned assets
[Member]
Accumulated
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
[Abstract]
combinations, property, plant and 139.04 116.12
equipment
equipment
plant and equipment
-82.66 -72.27
loss
0 0
-82.66 -72.27
equipment
equipment
0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
2.8 1
equipment
0 0
equipment
136

2.8 1
equipment
equipment
53.58 42.85
plant and equipment
18.18 531.44 477.86 435.01
period
137
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Accumulated
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
82.66
loss
0
82.66
equipment
equipment
0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
8.82 4.75 6.02
equipment
0 0
equipment
8.82 4.75 6.02
138

equipment
equipment
130.22 111.37 76.64
plant and equipment
801.96 671.74 560.37 270.52
period
139
Classes of property, plant and equipment [Axis] Plant and equipment [Member] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned assets [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
72.27 -82.66 -72.27
loss
0 0 0
72.27 -82.66 -72.27
equipment
equipment
0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
3.75 2.8 1
equipment
0 0 0
equipment
3.75 2.8 1
140

equipment
equipment
68.52 53.58 42.85
plant and equipment
193.88 125.36 531.44 477.86
period
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
0 0
equipment
equipment
plant and equipment
8.82 4.75
equipment
0
equipment
8.82 4.75
equipment
equipment
130.22 111.37
plant and equipment
435.01 801.96 671.74 560.37
period
141
Furniture and
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
fixtures [Member]
Owned assets
[Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
82.66 72.27 -1.04
loss
0 0 0
82.66 72.27 -1.04
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
6.02 3.75 0
equipment
0 0 0
equipment
6.02 3.75 0
142

equipment
equipment
76.64 68.52 0.21
plant and equipment
270.52 193.88 125.36 5.74
period
143
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
-1.33
loss
0
-1.33
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0.01 0.25
equipment
0 0 0
equipment
0 0.01 0.25
144

equipment
equipment
0.26 1.24 1.34
plant and equipment
5.53 5.27 10.62 9.38
period
145
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
[Abstract]
1.04 1.33
loss
0 0
1.04 1.33
equipment
equipment
equipment
plant and equipment
equipment
equipment
plant and equipment
0.01 0.25
equipment
0 0
equipment
0.01 0.25
equipment
equipment
1.03 1.08
plant and equipment
8.04 4.88 3.85 2.77
period
146
Classes of property, plant and equipment [Axis] Vehicles [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
-0.52 -0.52
loss
0 0
-0.52 -0.52
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0.01 0 0.03
equipment
0 0 0
equipment
0.01 0 0.03
147

equipment
equipment
-0.53 -0.52 -0.03
plant and equipment
0.83 1.36 1.88 2.64
period
148
Classes of property, plant and equipment [Axis] Vehicles [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
0.52 0.52
loss
0 0
0.52 0.52
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0.02 0
equipment
0 0 0
equipment
0 0.02 0
149

equipment
equipment
0 0.5 0.52
plant and equipment
2.67 2.67 1.81 1.31
period
150
Classes of property, plant and equipment [Axis] Vehicles [Member] Motor vehicles [Member]
Owned assets
[Member]
Accumulated
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
-0.52 -0.52
loss
0 0
-0.52 -0.52
equipment
equipment
0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0.01 0
equipment
0 0
equipment
151

0.01 0
equipment
equipment
-0.53 -0.52
plant and equipment
0.79 0.83 1.36 1.88
period
152
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
Accumulated
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
0.52
loss
0
0.52
equipment
equipment
0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0.03 0 0.02
equipment
0 0 0
equipment
0.03 0 0.02
153

equipment
equipment
-0.03 0 0.5
plant and equipment
2.64 2.67 2.67 1.81
period
154
Classes of property, plant and equipment [Axis] Motor vehicles [Member] Office equipment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
0.52 -0.98 -0.95
loss
0 0 0
0.52 -0.98 -0.95
equipment
equipment
0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0 0.01
equipment
0 0 0
equipment
0 0 0.01
155

equipment
equipment
0.52 -0.24 0.09
plant and equipment
1.31 0.79 8.48 8.72
period
Classes of property, plant and equipment [Axis] Office equipment [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
0 0
equipment
equipment
plant and equipment
0.01 0.02
equipment
0 0
equipment
0.01 0.02
equipment
equipment
0.73 1.03
plant and equipment
8.63 11.65 10.92 9.89
period
156
Computer
Classes of property, plant and equipment [Axis] Office equipment [Member] equipments
[Member]
Owned assets
[Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
[Abstract]
equipment
equipment
plant and equipment
0.98 0.95 -3.64
loss
0 0 0
0.98 0.95 -3.64
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
0.01 0.01 0
equipment
0 0 0
equipment
157

0.01 0.01 0
equipment
equipment
0.97 0.94 -2.41
plant and equipment
3.17 2.2 1.26 4.11
period
158
Classes of property, plant and equipment [Axis] Computer equipments [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
-4.48
loss
0
-4.48
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
-0.01 0 0.02
equipment
0 0 0
equipment
-0.01 0 0.02
159

equipment
equipment
-2.75 1.23 1.7
plant and equipment
6.52 9.27 18.91 17.68
period
160
Classes of property, plant and equipment [Axis] Computer equipments [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
[Abstract]
3.64 4.48
loss
0 0
3.64 4.48
equipment
equipment
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0.03
equipment
0 0
equipment
0 0.03
equipment
equipment
3.64 4.45
plant and equipment
15.98 14.8 11.16 6.71
period
161
Disclosure of additional information about property plant and equipment [Table] ..(1)
[Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Assets held under lease [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
property plant and equipment [Line items]
Not depreciable,
Amortised over the
Not depreciable,
period of the lease,
Amortised over the
Straight Line
period of the lease,
Method, Straight
Straight Line Method,
Depreciation method, property, plant and Line Method, Amortised over the Amortised over the
equipment Straight Line period of the lease period of the lease
Method, Straight
Line Method,
Straight Line
Straight Line Method
Method, Straight
Line Method
NA, Lease period,
NA, Lease period, 30
30 years, 10/15/7.5
years, 10-15 years,
years, based on
Useful lives or depreciation rates, property, based on number of
number of shifts Lease period Lease period
plant and equipment shifts working, 10
working, 10 years, 8
years, 8 years, 5 years,
years, 5 years, 3
3 years
years
Additional information [Abstract]
Property, plant and equipment,
expenditures recognised in course of its 0 0 0 0
construction
Property, plant and equipment, temporarily
0 0 0 0
idle
Property, plant and equipment, gross
carrying amount of fully depreciated 0 0 0 0
assets still in use
assets retired from active use and 0 0 0 0
not classified as held for sale
Whether property, plant and equipment are
No No No No
stated at revalued amount
Property, plant and equipment, revaluation
[Abstract]
Property, plant and equipment, revalued
0 0 0 0
assets
0 0 0 0
assets, at cost
0 0 0 0
surplus
162
Classes of property, plant and equipment [Axis] Land [Member] Buildings [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Depreciation method, property, plant and Straight Line
Not depreciable Not depreciable Straight Line Method
equipment Method
Useful lives or depreciation rates, property,
NA NA 30 years 30 years
plant and equipment
construction
0 0 0 0
idle
assets still in use
No No No No
[Abstract]
0 0 0 0
assets
0 0 0 0
assets, at cost
0 0 0 0
surplus
163
Classes of property, plant and equipment [Axis] Factory building [Member] Plant and equipment [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Depreciation method, property, plant and Straight Line Straight Line
Straight Line Method Straight Line Method
equipment Method Method
10/15/7.5 years, 10-15 years, based on
30 years 30 years based on number of number of shifts
plant and equipment shifts working working
construction
0 0 0 0
idle
assets still in use
No No No No
[Abstract]
0 0 0 0
assets
0 0 0 0
assets, at cost
0 0 0 0
surplus
164
Classes of property, plant and equipment [Axis] Other plant and equipment [Member] Furniture and fixtures [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
10/15/7.5 years, 10-15 years, based on
based on number of number of shifts 10 years 10 years
plant and equipment shifts working working
construction
0 0 0 0
idle
assets still in use
No No No No
[Abstract]
0 0 0 0
assets
0 0 0 0
assets, at cost
0 0 0 0
surplus
165
Classes of property, plant and equipment [Axis] Vehicles [Member] Motor vehicles [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
8 years 8 years 8 years 8 years
plant and equipment
construction
0 0 0 0
idle
assets still in use
No No No No
[Abstract]
0 0 0 0
assets
0 0 0 0
assets, at cost
0 0 0 0
surplus
166
Classes of property, plant and equipment [Axis] Office equipment [Member] Computer equipments [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
5 years 5 years 3 years 3 years
plant and equipment
construction
0 0 0 0
idle
assets still in use
No No No No
[Abstract]
0 0 0 0
assets
0 0 0 0
assets, at cost
0 0 0 0
surplus

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock] [See below]
Disclosure of detailed information about property, plant and equipment Textual information (68)
Property, plant and equipment, pledged as security 167.23 79.26
Contractual commitments for acquisition of property, plant and equipment 29.9 26.54
Compensation from third parties for items of property, plant and
0 0
equipment that were impaired, lost or given up
Fair value of property, plant and equipment materially different from
0 0
carrying amount
167
Disclosure of property, plant and equipment [Text Block]
Note 4(a) Property, plant and equipment
Freehold Lease hold Plant and Furniture and

Particulars Building Vehicles
Land land machinery fixtures
Year ended March 31, 2019
Gross carrying amount
Opening gross carrying amount 3.56 1.43 184.78 560.37 8.04 2.67
Additions during the year 1.31 - 31.14 116.12 1.59 -
Disposals during the year - - (0.01) (4.75) (0.25) -
Closing gross carrying amount 4.87 1.43 215.91 671.74 9.38 2.67
Accumulated depreciation
Opening Accumulated depreciation - 0.07 18.18 125.36 2.77 0.79
Depreciation charge during the year - 0.01 12.05 72.27 1.33 0.52
Disposals during the year - - (0.01) (3.75) (0.25) -
Closing Accumulated depreciation - 0.08 30.22 193.88 3.85 1.31
Net carrying Amount 4.87 1.35 185.69 477.86 5.53 1.36
168
Opening gross carrying amount 4.87 1.43 215.91 671.74 9.38 2.67
Adjustment for change in accounting

- (1.43) - - - -
policy, see note 40
Additions during the year - - 44.06 139.04 1.25 -
Disposals during the year - - (0.38) (8.82) (0.01) (0.03)
Closing gross carrying amount 4.87 - 259.59 801.96 10.62 2.64
Opening Accumulated depreciation - 0.08 30.22 193.88 3.85 1.31
Adjustment for change in accounting

- (0.08) - - - -
policy, see note 40
Depreciation charge during the year - - 9.57 82.66 1.04 0.52
Disposals during the year - - (0.14) (6.02) (0.01) (0.02)
Closing Accumulated depreciation - - 39.65 270.52 4.88 1.81
Net carrying Amount 4.87 - 219.94 531.44 5.74 0.83
Note 4(a) Property, plant and equipment Rs. in Crores
Particulars Office Equipment Computers Total Capital work-in-progress
169
Opening gross carrying amount 9.89 15.98 786.72 53.18
Additions during the year 1.05 1.72 152.93 200.87
Disposals during the year (0.02) (0.02) (5.05) (153.60)
Closing gross carrying amount 10.92 17.68 934.60 100.45
Opening Accumulated depreciation 1.26 6.71 155.14 -
Depreciation charge during the year 0.95 4.48 91.61 -
Disposals during the year (0.01) (0.03) (4.05) -
Closing Accumulated depreciation 2.20 11.16 242.70 -
Net carrying Amount 8.72 6.52 691.90 100.45
Opening gross carrying amount 10.92 17.68 934.60 100.45
Adjustment for change in accounting policy, see note 40 - - (1.43) -
Additions during the year 0.74 1.23 186.32 96.15
Disposals during the year (0.01) (0.00) (9.25) (186.74)
170
Closing gross carrying amount 11.65 18.91 1110.24 9.87
Opening Accumulated depreciation 2.20 11.16 242.70 -
Adjustment for change in accounting policy, see note 40 - - (0.08)
Depreciation charge during the year 0.98 3.64 98.41 -
Disposals during the year (0.01) (0.00) (6.20) -
Closing Accumulated depreciation 3.17 14.80 334.83 -
Net carrying Amount 8.48 4.11 775.41 9.87
Notes
(i) Leased assets
The Company has entered into certain long term leasehold arrangements for land for a period upto 99 years
which have been considered as finance lease arrangements. The amount capitalised in the books represents
the amount paid at the time of inception of the lease. The details are as given below
Rs. In
Crores
March March
31, 31,
2020 2019
Leasehold land
Cost - 1.43
Accumulated depreciation - 0.08
171
Net carrying amount - 1.35
Pursuant to the adoption of Ind AS 116, leased assets are presented as a separate line item in the balance
sheet as at March 31, 2020, refer note 4(b). Also, refer to note 40 for details about the changes in accounting
policy
(ii) Property, plant and equipment pledged as security
Refer to note 38 for information on property, plant and equipment pledged as security by the Company
(iii) Contractual obligations
(Refer to note 37(a) for disclosure of contractual commitments for acquisition of property, plant and equipment
(iv) Capital Work in Progress
Capital Work in progress mainly comprises of additions to plant and machinery and building for existing
manufacturing units
(v) Borrowing cost capitalised
Refer note 23 for the details of borrowing cost capitalised under the head Property, plant and equipment
(vi) Details of depreciation expense are stated in Note 24 on Depreciation and amortisation expense
172
Disclosure of detailed information about property, plant and equipment [Text Block]
Note 38 Assets pledged as security
The carrying amounts of assets pledged as security for current and non-current borrowings are
(Rs. in Crores)
Particulars March 31, 2020 March 31, 2019
Current
Financial assets
First charge
Trade receivable 138.66 194.51
Cash and bank balances 66.48 51.42
Non-Financial assets
First charge
Inventory 1495.44 1206.18
Other Current Assets 150.20 81.56
Total current assets pledged as security (A) 1850.77 1533.67
Non- Current
First charge
173
Buildings 24.17 24.34
Plant and Machinery 136.54 53.82
Others fixed assets 6.53 1.10
Total non-current assets pledged as security (B) 167.23 79.26
Total assets pledged as security (A+B) 2018.01 1612.93
[612100] Notes - Impairment of assets

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of impairment of assets [TextBlock]
Disclosure of impairment loss and reversal of impairment loss [TextBlock]
Whether there is any impairment loss or reversal of impairment loss
No No
during the year
Disclosure of information for impairment loss recognised or reversed
for individual Assets or cash-generating unit [TextBlock]
Whether impairment loss recognised or reversed for individual Assets
No No
or cash-generating unit
[400700] Notes - Investment property

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of investment property [TextBlock]
Disclosure of detailed information about investment property [TextBlock]
Depreciation method, investment property, cost model NA NA
Useful lives or depreciation rates, investment property, cost model NA NA
[400800] Notes - Goodwill
Disclosure of reconciliation of changes in goodwill [Table] ..(1)

Carrying amount accumulated amortization and impairment and gross carrying amount [Axis] Carrying amount [Member]
31/03/2020 31/03/2019
Disclosure of reconciliation of changes in goodwill [Abstract]
Disclosure of reconciliation of changes in goodwill [Line items]
Goodwill at end of period 0 0
174

31/03/2020 31/03/2019
Disclosure of goodwill [TextBlock]
Disclosure of reconciliation of changes in goodwill [Abstract]
Goodwill at end of period 0 0
[400900] Notes - Other intangible assets
Disclosure of additional information about other intangible assets [Table] ..(1)

Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than
Intangible assets other than internally
Sub classes of other intangible assets [Axis] internally generated intangible assets
generated [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about other
intangible assets [Abstract]
other intangible assets [Line items]
Straight Line Straight Line
Amortisation method, other intangible assets Method
Straight lIne Method
Method
Amortised over their Amortised over their
Useful lives or amortisation rates, other estimated useful estimated useful
estimated useful lives estimated useful lives
intangible assets lives considered as 3 lives considered as 3
considered as 3 years considered as 3 years
years years
Whether other intangible assets are stated at
No No No No
revalued amount
Revaluation of intangible assets [Abstract]
Other intangible assets, revalued assets 0 0 0 0
Other intangible assets, revalued assets,
0 0 0 0
at cost
Other intangible assets, revaluation surplus 0 0 0 0
Disclosure of additional information about other intangible assets [Table] ..(2)

Classes of other intangible assets [Axis] Computer software [Member]
generated [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about other
other intangible assets [Line items]
Straight Line Straight Line
Amortisation method, other intangible assets Method
Method
Useful lives or amortisation rates, other estimated useful estimated useful
estimated useful lives estimated useful lives
intangible assets lives considered as 3 lives considered as 3
considered as 3 years considered as 3 years
years years
Whether other intangible assets are stated at
No No No No
revalued amount
Revaluation of intangible assets [Abstract]
Other intangible assets, revalued assets 0 0 0 0
Other intangible assets, revalued assets,
0 0 0 0
at cost
Other intangible assets, revaluation surplus 0 0 0 0
175
Disclosure of detailed information about other intangible assets [Table] ..(1)

Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and gross Gross carrying
carrying amount [Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
0.1 0.67 0.1
combinations
Acquisitions through business combinations 0 0 0
Increase (decrease) through net exchange
0 0 0
differences
Amortisation other intangible assets -1.11 -1.55
Impairment loss recognised in profit or
0 0
loss
0 0
in profit or loss
Revaluation increase (decrease), other
0 0 0
intangible assets
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
transfers and other changes, other
0 0 0
transfers, other intangible assets
0 0 0
changes
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
Disposals 0 0 0
Retirements 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
0 0 0
subsidiary
Total increase (decrease) in Other
-1.01 -0.88 0.1
intangible assets
Other intangible assets at end of period 0.4 1.41 2.29 7.15
176

[Member]
Carrying amount accumulated amortization and impairment and gross Accumulated amortization and
carrying amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
assets [Abstract]
0.67
combinations
Acquisitions through business combinations 0
0
differences
Amortisation other intangible assets 1.11 1.55
0 0
loss
0 0
in profit or loss
0
intangible assets
assets
intangible assets
0 0 0
0 0 0
changes
intangible assets
Disposals 0 0 0
Retirements 0 0 0
0 0 0
0 0 0
sale
0 0 0
subsidiary
0.67 1.11 1.55
intangible assets
177

Internally
generated and
other than
Sub classes of other intangible assets [Axis] internally Intangible assets other than internally generated [Member]
generated
intangible assets
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and gross amortization and
carrying amount [Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
assets [Abstract]
0.1 0.67
combinations
Acquisitions through business combinations 0 0
0 0
differences
Amortisation other intangible assets -1.11 -1.55
0 0
loss
0 0
in profit or loss
0 0
intangible assets
assets
intangible assets
0 0
0 0
changes
transfers and other changes, Other 0 0
intangible assets
Disposals 0 0
Retirements 0 0
0 0
0 0
sale
0 0
subsidiary
-1.01 -0.88
intangible assets
178

Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Accumulated
Carrying amount accumulated amortization and impairment and gross amortization and
carrying amount [Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
assets [Abstract]
0.1 0.67
combinations
0 0
differences
Amortisation other intangible assets 1.11
0
loss
0
in profit or loss
0 0
intangible assets
comprehensive income, other intangible 0
assets
other comprehensive income, other 0
intangible assets
0 0 0
0 0 0
changes
intangible assets
Disposals 0 0 0
Retirements 0 0 0
0 0 0
0 0 0
sale
0 0 0
subsidiary
0.1 0.67 1.11
intangible assets
179

Company other intangible assets
[Member]
generated [Member]
[Member]
Carrying amount accumulated amortization and impairment and gross Accumulated amortization and
carrying amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
assets [Abstract]
0.1 0.67
combinations
0 0
differences
Amortisation other intangible assets 1.55 -1.11 -1.55
0 0 0
loss
0 0 0
in profit or loss
0 0
intangible assets
comprehensive income, other intangible 0 0 0
assets
other comprehensive income, other 0 0 0
intangible assets
0 0 0
0 0 0
changes
intangible assets
Disposals 0 0 0
Retirements 0 0 0
0 0 0
0 0 0
sale
0 0 0
subsidiary
1.55 -1.01 -0.88
intangible assets
180

[Member]
Carrying amount accumulated amortization and impairment and gross Carrying amount
carrying amount [Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
assets [Abstract]
0.1 0.67
combinations
0 0
differences
0 0
intangible assets
0 0
0 0
changes
intangible assets
Disposals 0 0
Retirements 0 0
0 0
0 0
sale
0 0
subsidiary
0.1 0.67
intangible assets
181

Intangible assets
other than
Internally generated and other than internally generated
Sub classes of other intangible assets [Axis] internally
intangible assets [Member]
generated
[Member]
Carrying amount accumulated amortization and impairment and gross Carrying amount
Accumulated amortization and impairment [Member]
carrying amount [Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
assets [Abstract]
0.1
combinations
Acquisitions through business combinations 0
0
differences
Amortisation other intangible assets 1.11 1.55 -1.11
0 0 0
loss
0 0 0
in profit or loss
0
intangible assets
comprehensive income, other intangible 0 0 0
assets
other comprehensive income, other 0 0 0
intangible assets
0 0 0
0 0 0
changes
intangible assets
Disposals 0 0 0
Retirements 0 0 0
0 0 0
0 0 0
sale
0 0 0
subsidiary
1.11 1.55 -1.01
intangible assets
182

Carrying amount accumulated amortization and impairment and gross
carrying amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
assets [Abstract]
0.67 0.1 0.67
combinations
Acquisitions through business combinations 0 0 0
0 0 0
differences
Amortisation other intangible assets -1.55
0
loss
0
in profit or loss
0 0 0
intangible assets
comprehensive income, other intangible 0
assets
other comprehensive income, other 0
intangible assets
0 0 0
0 0 0
changes
intangible assets
Disposals 0 0 0
Retirements 0 0 0
0 0 0
0 0 0
sale
0 0 0
subsidiary
-0.88 0.1 0.67
intangible assets
183

Carrying amount accumulated amortization and impairment and gross Gross carrying
Accumulated amortization and impairment [Member]
carrying amount [Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
assets [Abstract]
Amortisation other intangible assets 1.11 1.55
0 0
loss
0 0
in profit or loss
assets
intangible assets
0 0
0 0
changes
intangible assets
Disposals 0 0
Retirements 0 0
0 0
0 0
sale
0 0
subsidiary
1.11 1.55
intangible assets

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of other intangible assets [TextBlock] [See below]
Disclosure of detailed information about other intangible assets
[TextBlock]
Disclosure of intangible assets with indefinite useful life [TextBlock]
Whether there are intangible assets with indefinite useful life No No
184
Disclosure of other intangible assets [Text Block]
Note 5 Intangible assets
(Rs. in
Crores)
Computer
Particulars Total
Software
Opening gross carrying amount 6.38 6.38
Additions during the year 0.67 0.67
Disposals during the year - -
Closing gross carrying amount 7.05 7.05
Accumulated amortisation
Opening accumulated amortisation 4.09 4.09
Amortisation charge for the year 1.55 1.55
Closing accumulated amortisation 5.64 5.64
185
Net carrying amount 1.41 1.41
Opening gross carrying amount 7.05 7.05
Additions during the year 0.10 0.10
Closing gross carrying amount 7.15 7.15
Accumulated amortisation
Opening accumulated amortisation 5.64 5.64
Amortisation charge during the period 1.11 1.11
Closing accumulated amortisation 6.75 6.75
Closing net carrying amount 0.40 0.40
Note
186
(i) Details of amortisation charge are stated in Note 24 on Depreciation and amortisation
expense.
[401000] Notes - Biological assets other than bearer plants

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of biological assets, agriculture produce at point of
harvest and government grants related to biological assets
[TextBlock]
Depreciation method, biological assets other than bearer plants, at cost NA NA
Useful lives or depreciation rates, biological assets other than bearer
NA NA
plants, at cost
[611100] Notes - Financial instruments
Disclosure of financial liabilities [Table] ..(1)

Financial liabilities at amortised cost, Financial liabilities at fair value, class
Classes of financial liabilities [Axis]
class [Member] [Member]
Financial liabilities at amortised cost, Financial liabilities at fair value through
Categories of financial liabilities [Axis]
category [Member] profit or loss, category [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial liabilities [Abstract]
Disclosure of financial liabilities [Line items]
Financial liabilities 2,444.78 1,854.28 0.06 0.03
Financial liabilities, at fair value 2,444.78 1,854.28 0.06 0.03
Disclosure of financial liabilities [Table] ..(2)

Financial liabilities at fair value, class
Classes of financial liabilities [Axis]
[Member]
Financial liabilities
at fair value
at fair value
through profit or
through profit or
loss, designated
Categories of financial liabilities [Axis] loss that meet
upon initial
definition of held
recognition or
for trading,
subsequently,
category [Member]
category [Member]
31/03/2019 31/03/2020
Disclosure of financial liabilities [Line items]
Financial liabilities 0.03 0.06
Financial liabilities, at fair value 0.03 0.06
187
Disclosure of financial assets [Table] ..(1)

Financial assets at amortised cost, class
Classes of financial assets [Axis] Trade receivables [Member]
[Member]
Financial assets at amortised cost, Financial assets at amortised cost,
Categories of financial assets [Axis]
category [Member] category [Member]
01/04/2019 01/04/2018
to to 31/03/2020 31/03/2019
31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 261.65 293.99 138.66 190.03
Financial assets, at fair value 261.65 293.99 138.66 190.03
Description of other financial assets at Textual information Textual information
amortised cost class (70) [See below] (71) [See below]
Disclosure of financial assets [Table] ..(2)

Other financial assets at amortised cost Other financial assets at amortised cost
Classes of financial assets [Axis]
class [Member] class 1 [Member]
Financial assets at amortised cost, Financial assets at amortised cost,
Categories of financial assets [Axis]
category [Member] category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Line items]
Financial assets 122.99 103.96 122.99 103.96
Financial assets, at fair value 122.99 103.96 122.99 103.96
Description of other financial assets at Textual information Textual information Textual information Textual information
amortised cost class (72) [See below] (73) [See below] (74) [See below] (75) [See below]

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of financial instruments [TextBlock] [See below]
Disclosure of financial assets [TextBlock]
Disclosure of financial liabilities [TextBlock]
Income, expense, gains or losses of financial instruments [Abstract]
Gains (losses) on financial instruments [Abstract]
Other comprehensive income, before tax, gains (losses) from
0 0
investments in equity instruments
Other comprehensive income, before tax, financial assets
0 0
measured at fair value through other comprehensive income
Gains (losses) on financial assets measured at fair value
0 0
through other comprehensive income, before tax
Reclassification adjustments on financial assets measured
0 0
at fair value through other comprehensive income, before tax
Disclosure of credit risk [TextBlock]
Disclosure of reconciliation of changes in loss allowance and
explanation of changes in gross carrying amount for financial
instruments [TextBlock]
Disclosure of reconciliation of changes in loss allowance
and explanation of changes in gross carrying amount for
financial instruments [Abstract]
Disclosure of credit risk exposure [TextBlock]
Disclosure of credit risk exposure [Abstract]
Disclosure of provision matrix [TextBlock]
Disclosure of provision matrix [Abstract]
Disclosure of financial instruments by type of interest rate [TextBlock]
Disclosure of financial instruments by type of interest rate [Abstract]
188
Description of other financial assets at amortised cost class

Other Bank Balances, Cash and cash equivalents, Securiy deposits, Bank deposits, Interest receivable from others, Facilitation fees receivable,
Advances to employees, Claim recoverable, Export incentive and Loans

Advances to employees, Claim recoverable, Export incentive, Grant receivable, Loans




189
Disclosure of financial instruments [Text Block]
(Amount in Rs.
Note 29 Fair value measurements
Crores)
March 31, March 31, March 31, March 31, March 31,
Financial instruments by category March 31, 2019
2020 2020 2020 2019 2019
Amortised
Particulars FVTPL FVOCI FVTPL FVOCI Amortised cost
cost
Financial assets
Trade receivables - - 138.66 - - 190.03
Other Bank Balances - - 51.00 - - 47.76
Cash and cash equivalents - - 15.48 - - 3.67
Security deposits - - 20.17 - - 19.38
Bank deposits - - 0.21 - - 0.54
Interest receivable from others - - 2.13 - - 0.86
Facilitation fees receivable - - 2.02 - - 2.65
Advances to employees - - 0.29 - - 0.19
Claim recoverable - - 9.72 - - 2.49
Export incentive - - 8.67 - - 5.07
Grant receivable - - - - - 9.00
190
Loans - - 13.30 - - 12.35
Total financial assets - - 261.65 - - 294.00
Trade payables - - 968.22 - - 868.50
Borrowings - - 1131.71 - - 686.39
Security deposits - - 205.94 - - 192.02
Retention/ Earnest money deposit - - 26.23 - - 28.90
Current maturities of long term

- - 21.00 - - 9.00
borrowings
Interest accrued but not due on

- - 0.46 - - 0.17
borrowings
Interest accrued on trade/security

- - 3.98 - - 1.31
deposits
Book overdraft - - - - - 0.39
Superannuation payable - - 0.28 - - 0.25
Foreign exchange forward

0.06 - - - 0.03 -
contracts
Capital creditors - - 13.88 - - 23.78
Employees related payables - - 26.63 - - 43.57
Government grant payable - - 3.00 - - -
191
Lease Liabilities - - 43.45 - - -
Total financial liabilities 0.06 - 2444.78 - 0.03 1854.27
(i) Fair value hierarchy
The Company uses the following hierarchy for determining and disclosing the fair value of financial instruments
Level 1 - Level 1 hierarchy includes financial instruments measured using quoted prices, for example listed equity instruments, traded bonds and
mutual funds that have quoted prices.
Level 2- The fair value of financial instruments that are not traded in an active market (for example, over-the-counter derivatives) is determined
using valuation techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all
significant inputs required to fair value an instrument are observable, the instrument is included in level 2.
Level 3 - If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. For example,
unlisted equity securities, etc.
There are no transfers among levels 1, 2 and 3 during the year.
The Companys policy is to recognise transfers into and transfers out of fair value hierarchy levels as at the end of the reporting period
Asset and liabilities measured at fair value- recurring fair value measurements (Amounts in Rs. Crores)
March 31, March 31, March 31, March 31, March 31, March 31,
Particulars Notes
2020 2020 2020 2019 2019 2019
Financial liabilities Level 1 Level 2 Level 3 Level 1 Level 2 Level 3
Foreign exchange forward

14(d) - 0.06 - - 0.03 -
contracts
Asset and liabilities measured at amortized cost for which fair values are disclosed (Amounts in Rs. Crores)
March 31, March 31, March 31, March 31, March 31, March 31,
Particulars Notes
2020 2020 2020 2019 2019 2019
Financial assets Level 1 Level 2 Level 3 Level 1 Level 2 Level 3
Security
6(c) - - 20.17 - - 19.38
deposits
Financial
192
liabilities
Security
14(d) - - 232.17 - - 220.92
deposits
Lease Liabilities 4(b) - - 43.45 - - -
(ii) Fair value of financial assets and liabilities measured at amortized cost
The carrying amounts of trade receivables, trade payables, creditors for capital goods, cash and cash equivalents, other bank balances, security
deposits, bank deposits, interest accrued, facilitation fees, advance to employees , export incentives, loans, retention money, superannuation
payable, employee related payable are considered to be the same as their fair values, due to their short term nature.
The fair value for borrowings was calculated based on cash flow discounted using a current borrowing rate. They are classified as level 3 fair
value in the fair value hierarchy due to the inclusion of unobservable inputs, including own credit risk.
For financial assets and liabilities except for derivative instrument which have been accounted for based on level 2 inputs, that are measured at
fair value, the carrying amounts are equal to the fair values.
Note 30 Financial Risk Management
The Companys activities expose it to market risk, liquidity risk and credit risk. This note explains the sources of risk which the entity is exposed
to and how the entity manages the risk.
Risk Exposure arising from Measurement Management
- Ageing
Cash and cash equivalents, trade receivables analysis Diversification of bank deposits, robust trade
Credit risk and financial assets measured at amortized credit controls including credit limits and letter
cost - Credit of credit
ratings
Regular review of working capital resulting in

- Rolling cash
Liquidity risk Trade payables and other liabilities effective and efficient working capital
flow forecast
management.
Market risk- Sensitivity

Long term borrowings at variable rates Interest rate swaps
interest rates analysis
- Cash flow
Market risk- forecasting
Recognized financial assets and liabilities not Foreign exchange forward contracts to hedge
foreign
denominated in Indian Rupee (INR) foreign currency risk exposures
exchange risk - Sensitivity
analysis
(A) Credit Risk
193
Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss.
The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing activities, including cash
and cash equivalents and deposits with banks and financial institutions.
(i)Credit Risk management
Trade receivables related credit risk
Customer credit risk is managed by each business unit subject to the Companys established policy, procedures and control relating to customer
credit risk management. Company operates on primarily on Cash and Carry Model. However any credit extension to the customer is driven by the
credit policy. Quality of a customer is assessed based on an extensive credit rating scorecard. Individual credit limits are defined in accordance
with this assessment. Outstanding customer receivables are regularly monitored and any credit term shipments to major customers are generally
covered by security deposits and bank guarantee.
An impairment analysis is performed at each reporting date on trade receivables by lifetime expected credit loss method based on provision
matrix. The maximum exposure to credit risk at the reporting date is the carrying value of each class of financial assets. The Company evaluates
the concentration of risk with respect to trade receivables as low.
Treasury related credit risk
Credit risk from balances with banks is managed by the Companys treasury department in accordance with the Companys policy. The Company
places its surplus funds in high quality banks to avoid concentration of risk.
The Companys maximum exposure relating to financial assets is noted in liquidity table (ii) below. Trade Receivables and other financial assets
are written off when there is no reasonable expectation of recovery, such as debtor failing to engage in the repayment plan with the Company
(ii) Provision for expected credit losses
The Company provides for expected credit loss based on the following
Basis for Basis for Basis for

recognition of recognition of recognition of
Category Description of category
expected credit expected credit expected credit
loss provision loss provision loss provision
Security Loans to Trade

deposits Employees receivables
High quality
Assets where the counter-party has strong capacity to 12-month 12-month Lifetime
assets,
meet the obligations and where the risk of default is expected credit expected credit expected credit
negligible
negligible or nil loss loss losses
credit risk
Assets where there is low risk of default and where the

Quality 12-month 12-month Lifetime
counter-party has sufficient capacity to meet the
assets, low expected credit expected credit expected credit
obligations and where there has been low frequency of
credit risk loss loss losses
defaults in the past
(a) Expected credit loss for security deposits (Amount in Rs. Crores)
Estimated Carrying
194
Asset gross Expected Expected amount

Particulars Category Description of category
group carrying probability credit net of
amount at of default losses impairment
default provision
High
Loss allowance Assets where the counterparty
quality
measured at 12 has strong capacity to meet the Security
assets, 20.17 0.00% - 20.17
month expected obligations and where the risk of deposits
negligible
credit losses default is negligible or nil
credit risk
High
quality
measured at 12 has strong capacity to meet the
assets, Loans 33.47 0.00% - 33.47
month expected obligations and where the risk of
negligible
credit risk
(b) Expected credit loss for Intercorporate deposits (Amount in Rs. Crores)
Estimated Carrying
gross Expected Expected amount
Particulars Category Description of category Asset group carrying probability credit net of
default provision
Low Assets where the

Loss allowance
quality counterparty has low or no
measured at 12 Intercorporate
assets, capacity to meet the 190.85 100.00% 190.85 -
month expected deposits
credit obligations and where the
credit losses
impaired risk of default is high
(c) Lifetime expected credit loss for trade receivables under simplified approach (Amount in Rs. Crores)
Particulars/Ageing 0-180 Days 180-365 More than 365 Total
Gross carrying amount 132.74 6.33 11.54 150.60
Expected loss rate 3.38% 4.80% 62.20%
Expected credit losses 4.48 0.30 7.17 11.95
Carrying amount of trade receivables (net of impairment) 128.25 6.03 4.37 138.65
195
(a)Expected credit loss for security deposits (Amount in Rs. Crores)
Estimated Carrying
Asset
Particulars Category Description of category carrying probability credit net of
group
default provision
High
quality
measured at 12 has strong capacity to meet the Security
assets, 19.38 0.00% - 19.38
month expected obligations and where the risk of deposits
negligible
credit risk
High
quality
measured at 12 has strong capacity to meet the
assets, Loan 31.74 0.00% - 31.74
month expected obligations and where the risk of
negligible
credit risk
(b)Expected credit loss for Intercorporate deposits (Amount in Rs. Crores)
Estimated Carrying
Particulars Category Description of category Asset group carrying probability credit net of
default provision
Low Assets where the

Loss allowance
quality counterparty has low or no
measured at 12 Intercorporate
assets, capacity to meet the 190.85 100.00% 190.85 -
month expected deposits
credit obligations and where the
credit losses
impaired risk of default is high
(c)Lifetime expected credit loss for trade receivables under simplified approach (Amount in Rs. Crores)
Particulars/Ageing 0-180 Days 180-365 More than 365 Total
Gross carrying amount 185.00 6.71 2.80 194.51
Expected loss rate 1.44% 2.86% 57.96%
Expected credit losses 2.66 0.19 1.63 4.48
196
Carrying amount of trade receivables (net of impairment) 182.34 6.52 1.17 190.03
The following table summarizes the change in loss allowance measured using the life time expected credit loss model
Particulars Amount in Rs. Crores
Loss allowance on April 01, 2018 3.87
Changes in loss allowance 0.61
Loss allowances on March 31, 2019 4.48
Changes in loss allowance 7.47
Loss allowances on March 31, 2020 11.95
(B) Liquidity risk
Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at reasonable price. The
Companys objective is to at all times maintain optimum levels of liquidity to meet its cash and liquidity requirements. The Company closely
monitors its liquidity position and deploys a robust cash management system. Processes and policies related to such risks are overseen by senior
management. Management monitors the Companys liquidity position through rolling forecasts on the basis of expected cash flows.
(i) Maturity profile of financial liabilities
The amounts disclosed in the table are the contractual undiscounted cash flows. Balance due within 12 months equal their carrying balances as the
impact of discounting is not significant
(Amount in Rs. Crores)
Contractual maturities of Carrying Less than 3 More than 3 months More than 6 months More than
Total
financial liabilities Value months up to 6 months up to 1 year 1 year
As at March 31, 2020
Borrowings 1131.71 1049.96 5.25 10.50 66.00 1131.71
Trade payables 968.22 968.22 - - - 968.22
197
Other financial liabilities 301.46 301.46 - - - 301.46
Lease Liabilities 43.45 4.00 1.76 3.83 33.85 43.45
Total 2444.84 2323.64 7.01 14.33 99.85 2444.84
As at March 31, 2019
Borrowings 686.39 652.64 2.25 4.50 27.00 686.39
Trade payables 868.50 868.50 - - - 868.50
Other financial liabilities 299.42 299.42 - - - 299.42
Total 1854.30 1820.55 2.25 4.50 27.00 1854.30
(C)Market risk
(i)Foreign currency risk
Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign
exchange rates. The Company is exposed to foreign exchange risk arising from foreign currency transactions, primarily with respect to US Dollar
(USD) and Euro (EUR). Foreign exchange risk arises from recognized assets and liabilities denominated in currency that is not the companys
functional currency (INR). To minimize the foreign exchange risk arising from operating activities, the Company enters the foreign exchange
forward contracts. The Company evaluates exchange rate exposure arising from foreign currency transactions and follows established risk
management policies.
The Companys Indian Rupees exposure to foreign currency risk at the end of the reporting period is expressed as follows
(a)Foreign currency risk exposure (In Crores)
As at March 31, 2020 Dollar (USD) Amount (Rs) Euro (EUR) Amount (Rs)
Financial assets
Trade receivable 0.14 13.02 - -
Derivative assets
Foreign exchange forward contracts- sell foreign currency (0.14) (13.02) - -
198
Net Exposure to foreign currency risk (assets)
Trade payable
Bank Loan 0.05 4.03 - -
Derivative liabilities
Foreign exchange forward contracts- buy foreign currency
Net Exposure to foreign currency risk (liabilities) 0.05 4.03 - -
(a) Foreign currency risk exposure (In Crores)
As at March 31, 2019 Dollar (USD) Amount (Rs) Euro (EUR) Amount (Rs)
Financial assets
Trade receivable 0.24 17.69 - -
Derivative assets
Foreign exchange forward contracts- sell foreign currency (0.24) (17.69) - -
Net Exposure to foreign currency risk (assets) - - - -
Trade payable - - 0.01 0.65
Bank Loan 0.23 16.61
Derivative liabilities
199
Foreign exchange forward contracts- buy foreign currency - - (0.01) (0.65)
Net Exposure to foreign currency risk (liabilities) 0.23 16.61 - -
It is packing credit foreign currency loan
(b)Sensitivity
The sensitivity analysis includes only outstanding foreign currency denominated monetary items and adjust their translation at the period end for a
5% change in foreign currency rates. A positive number below indicates an increase in profit or equity where the Rs. strengthens 5% against the
relevant currency. For a 5% weakening of the Rs. against the relevant currency, there would be a comparable impact on the profits or equity, and
the balances below would be negative.
Rs. In Crores
As at March 31, As at March 31, As at March 31, As at March 31,

2020 2020 2019 2019
5% Weakening 5% Weakening 5% Weakening 5%Weakening
Foreign currency monetary

liabilities
Euro (EUR) - - (0.03) 0.03
United States Dollar (USD) (0.20) 0.20 (0.83) 0.83
Foreign currency monetary Assets
Euro (EUR) - - - -
United States Dollar (USD) (0.51) 0.51 (0.88) 0.88
200
[611300] Notes - Regulatory deferral accounts

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of regulatory deferral accounts [TextBlock]
0 0
related to items that will not be reclassified to
profit or loss
Gains (losses) on net movement in regulatory
deferral account balances related to items that
0 0
will be reclassified to profit or loss, before
tax
Reclassification adjustments on net movement in regulatory
0 0
deferral account balances, before tax
net movement in regulatory deferral account
0 0
balances related to items that will be
reclassified to profit or loss
[400400] Notes - Non-current investments

31/03/2020 31/03/2019
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 0 0
Aggregate provision for diminution in value of non-current investments 0 0
[400500] Notes - Current investments

31/03/2020 31/03/2019
Disclosure of notes on current investments explanatory [TextBlock]
Aggregate amount of quoted current investments 0 0
Market value of quoted current investments 0 0
Aggregate amount of unquoted current investments 0 0
Aggregate provision for diminution in value of current investments 0 0
201
[611600] Notes - Non-current asset held for sale and discontinued operations
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of non-current assets held for sale and discontinued operations
[TextBlock]
Tax expense relating to profit (loss) from ordinary activities of
0 0
Tax expense relating to gain (loss) on discontinuance 0 0
Net cash flows from (used in) operating activities, continuing
-263.58 315.09
operations
Net cash flows from (used in) operating activities, discontinued
0 0
operations
Net cash flows from (used in) operating activities -263.58 315.09
Net cash flows from (used in) investing activities, continuing
-119.35 -364.77
operations
Net cash flows from (used in) investing activities, discontinued
0 0
operations
Net cash flows from (used in) investing activities -119.35 -364.77
Net cash flows from (used in) financing activities, continuing
394.74 28.11
operations
Net cash flows from (used in) financing activities, discontinued
0 0
operations
Net cash flows from (used in) financing activities 394.74 28.11
[400100] Notes - Equity share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Type of share Equity shares Equity Shares Equity shares Equity Shares
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share Equity shares Equity Shares Equity shares Equity Shares
National Dairy National Dairy
Name of shareholder Development Board Development Board
and its nominees and its nominees
Permanent account number of shareholder AABCN2029C AABCN2029C
Country of incorporation or residence of
INDIA INDIA
shareholder
[shares]
Number of shares held in company 25,00,00,070
[shares] 25,00,00,070
Percentage of shareholding in company 100.00% 100.00%
202
Disclosure of classes of equity share capital [Table] ..(1)

Equity shares 1
Classes of equity share capital [Axis] Equity shares [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line
items]
Type of share Equity shares
[shares]
Number of shares authorised [shares] 89,70,00,000 [shares] 89,70,00,000
89,70,00,000
Value of shares authorised 897 897 897
[shares]
Number of shares issued [shares] 25,00,00,070 [shares] 25,00,00,070
25,00,00,070
Value of shares issued 250.00007 250.00007 250.00007
[shares]
Number of shares subscribed and fully paid [shares] 25,00,00,070 [shares] 25,00,00,070
25,00,00,070
Value of shares subscribed and fully paid 250.00007 250.00007 250.00007
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
[shares]
Total number of shares subscribed [shares] 25,00,00,070 [shares] 25,00,00,070
25,00,00,070
Total value of shares subscribed 250.00007 250.00007 250.00007
Value of shares paid-up [Abstract]
[shares]
Number of shares paid-up [shares] 25,00,00,070 [shares] 25,00,00,070
25,00,00,070
Value of shares called 250.00007 250.00007 250.00007
Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0
Calls unpaid by officers 0 0 0
Total calls unpaid by directors and
0 0 0
officers
Calls unpaid by others 0 0 0
Total calls unpaid 0 0 0
Forfeited shares 0 0 0
Forfeited shares reissued 0 0 0
Value of shares paid-up 250.00007 250.00007 250.00007
Par value per share [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
[shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
debentures preference shares during
period
Number of shares issued as other
preferential allotment
Number of shares issued in shares based
payment transactions
203
Number of shares issued under scheme of

amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
stock option plan
Number of other issue of shares
arising out of conversion of [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
during period
Decrease in number of shares during period
[Abstract]
Number of shares bought back or treasury
shares
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
period
Total increase (decrease) in number of
shares outstanding
[shares] [shares]
Number of shares outstanding at end of period [shares] 25,00,00,070 [shares] 25,00,00,070
25,00,00,070 25,00,00,070
Reconciliation of value of shares outstanding
[Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during
period [Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of rights issue during period 0 0 0
Amount of private placement issue
arising out of conversion of debentures 0 0 0
preference shares during period
Amount of other private placement issue
0 0 0
during period
Amount of preferential allotment issue
arising out of conversion of debentures 0 0 0
preference shares during period
Amount of other preferential allotment
0 0 0
issue during period
Amount of share based payment
0 0 0
transactions during period
Amount of issue under scheme of
0 0 0
amalgamation during period
Amount of other issues during period 0 0 0
Amount of shares issued under employee
0 0 0
stock option plan
Amount of other issue arising out of
conversion of securities during 0 0 0
period
Total aggregate amount of increase
0 0 0
in equity share capital during period
Decrease in equity share capital during
period [Abstract]
Decrease in amount of treasury shares
0 0 0
or shares bought back
Other decrease in amount of shares 0 0 0
Total decrease in equity share capital
0 0 0
during period
Total increase (decrease) in share capital 0 0 0
Equity share capital at end of period 250.00007 250.00007 250.00007 250.00007
Rights preferences and restrictions attaching Textual information Textual information Textual information
to class of share capital (77) [See below] (78) [See below] (79) [See below]
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
[shares]
Shares in company held by holding company [shares] 25,00,00,070 [shares] 25,00,00,070
25,00,00,070
Shares in company held by ultimate holding
company
204
Shares in company held by subsidiaries of its

holding company
Shares in company held by subsidiaries of its
ultimate holding company
Shares in company held by associates of its
holding company
Shares in company held by associates of its
ultimate holding company
Total shares in company held by holding company
[shares]
or ultimate holding company or by its [shares] 25,00,00,070 [shares] 25,00,00,070
25,00,00,070
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0
shares or disinvestment
Amount of shares reserved for issue under options
and contracts or commitments for sale of shares or 0 0 0
disinvestment
Aggregate number of fully paid-up shares issued
pursuant to contracts without payment being [shares] 0 [shares] 0 [shares] 0
received in cash during last five years
Aggregate number of fully paid up shares
issued by way of bonus shares during last [shares] 0 [shares] 0 [shares] 0
five years
Aggregate number of shares bought back during
last five years
Original paid-up value of forfeited shares 0 0 0
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for 0 0 0
refund, principal
Application money received for
allotment of securities and due for 0 0 0
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0
Type of share Equity shares
205
Disclosure of classes of equity share capital [Table] ..(2)

Classes of equity share capital [Axis] Equity shares 1 [Member]
01/04/2018
to 31/03/2018
31/03/2019
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Type of share Equity Shares
Number of shares authorised [shares] 89,70,00,000
Value of shares authorised 897
Number of shares issued [shares] 25,00,00,070
Value of shares issued 250.00007
Number of shares subscribed and fully paid [shares] 25,00,00,070
Value of shares subscribed and fully paid 250.00007
Number of shares subscribed but not fully paid [shares] 0
Value of shares subscribed but not fully paid 0
Total number of shares subscribed [shares] 25,00,00,070
Total value of shares subscribed 250.00007
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 25,00,00,070
Value of shares called 250.00007
Calls unpaid [Abstract]
Calls unpaid by directors and officers [Abstract]
Calls unpaid by directors 0
Calls unpaid by officers 0
Total calls unpaid by directors and officers 0
Calls unpaid by others 0
Total calls unpaid 0
Forfeited shares 0
Forfeited shares reissued 0
Value of shares paid-up 250.00007
Par value per share [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in public offering [shares] 0
Number of shares issued as bonus shares [shares] 0
Number of shares issued as rights [shares] 0
Number of shares issued in private placement arising out of conversion
[shares] 0
of debentures preference shares during period
Number of shares issued in other private placement [shares] 0
Number of shares issued as preferential allotment arising out of
[shares] 0
conversion of debentures preference shares during period
Number of shares issued as other preferential allotment [shares] 0
Number of shares issued in shares based payment transactions [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0
Number of other issues of shares [shares] 0
Number of shares issued under employee stock option plan [shares] 0
Number of other issue of shares arising out of conversion of securities [shares] 0
Total aggregate number of shares issued during period [shares] 0
Decrease in number of shares during period [Abstract]
Number of shares bought back or treasury shares [shares] 0
Other decrease in number of shares [shares] 0
Total decrease in number of shares during period [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0
[shares]
Number of shares outstanding at end of period [shares] 25,00,00,070
25,00,00,070
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of public issue during period 0
Amount of bonus issue during period 0
206
Amount of rights issue during period 0

Amount of private placement issue arising out of conversion of
0
debentures preference shares during period
Amount of other private placement issue during period 0
Amount of preferential allotment issue arising out of conversion of
0
debentures preference shares during period
Amount of other preferential allotment issue during period 0
Amount of share based payment transactions during period 0
Amount of issue under scheme of amalgamation during period 0
Amount of other issues during period 0
Amount of shares issued under employee stock option plan 0
Amount of other issue arising out of conversion of securities during period 0
Total aggregate amount of increase in equity share capital during period 0
Decrease in equity share capital during period [Abstract]
Decrease in amount of treasury shares or shares bought back 0
Other decrease in amount of shares 0
Total decrease in equity share capital during period 0
Total increase (decrease) in share capital 0
Equity share capital at end of period 250.00007 250.00007
Rights preferences and restrictions attaching to class of share capital [See below]
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Shares in company held by holding company [shares] 25,00,00,070
Shares in company held by ultimate holding company [shares] 0
Shares in company held by subsidiaries of its holding company [shares] 0
Shares in company held by subsidiaries of its ultimate holding company [shares] 0
Shares in company held by associates of its holding company [shares] 0
Shares in company held by associates of its ultimate holding company [shares] 0
Total shares in company held by holding company or ultimate holding company
[shares] 25,00,00,070
or by its subsidiaries or associates
Shares reserved for issue under options and contracts or commitments for sale of
[shares] 0
shares or disinvestment
Amount of shares reserved for issue under options and contracts or commitments
0
for sale of shares or disinvestment
Aggregate number of fully paid-up shares issued pursuant to contracts
[shares] 0
without payment being received in cash during last five years
Aggregate number of fully paid up shares issued by way of bonus shares during last
[shares] 0
five years
Aggregate number of shares bought back during last five years [shares] 0
Original paid-up value of forfeited shares 0
Details of application money received for allotment of securities and due for
refund and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund,
0
principal
Application money received for allotment of securities and due for refund,
0
interest accrued
Total application money received for allotment of securities and due for
0
refund and interest accrued thereon
Number of shares proposed to be issued [shares] 0
Share premium for shares to be allotted 0
Type of share Equity Shares

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of notes on equity share capital explanatory [TextBlock] [See below]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Whether reduction in capital done during year No No
Whether money raised from public offering during year No No
207
Rights preferences and restrictions attaching to class of share capital

The Company has issued one class of equity shares having a face value of Rs. 10/- per share. Each shareholder is entitled to one vote per share
held. The dividend proposed by the Board of Directors is subject to approval of the shareholders in the ensuing Annual General Meeting, except
in case of interim dividend. 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.



208
Disclosure of notes on equity share capital explanatory [Text Block]
Note 12 Equity share capital
Number of
Amount
shares
Rs. in
Crores
Authorised equity share capital (par value of INR 10)
As at April 01, 2018 897,000,000 897
Increase during the period - -
As at March 31, 2019 897,000,000 897
Increase during the year - -
As at March 31, 2020 897,000,000 897
Number of
(i) Movements in equity share capital Amount
shares
Rs. in
Crores
Issued, subscribed and paid up equity share capital (par value of INR 10)
As at April 01, 2018 250,000,070 250
209
Add shares issued during the year - -
As at March 31, 2019 250,000,070 250
Add Shares issued during the year - -
As at March 31, 2020 250,000,070 250
Terms and rights attached to equity shares
The Company has issued one class of equity shares having a face value of
Rs. 10/- per share. Each shareholder is entitled to one vote per share held.
The dividend proposed by the Board of Directors is subject to approval of the
shareholders in the ensuing Annual General Meeting, except in case of interim
dividend. 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.
(ii) Shares of Company held by its holding company or its ultimate holding
company
As at As at
As at March March As at March March
Particulars
31, 2020 31, 31, 2019 31,
2020 2019
Number of % Number of %
shares holding shares holding
National Dairy Development Board, the Holding entity and its nominees 250,000,070 100 250,000,070 100
(iii) Details of shareholders holding more than 5% shares in the Company
210
As at As at
As at March March As at March March
Particulars
31, 2020 31, 31, 2019 31,
2020 2019
Number of % Number of %
shares holding shares holding
National Dairy Development Board and its nominees 250,000,070 100 250,000,070 100
[400300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on current non-current [Axis] Non-current [Member]
Classification of borrowings [Axis] Borrowings [Member] Term loans [Member]
Unsecured Unsecured
Secured borrowings Secured borrowings
Subclassification of borrowings [Axis] borrowings borrowings
[Member] [Member]
[Member] [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 66 27 66 27
Nature of security [Abstract]
Refer disclosure of Refer disclosure of
Nature of security Notes on Borrowings Notes on Borrowings
Explanatory Explanatory
Refer disclosure of Refer disclosure of Refer disclosure of Refer disclosure of
Terms of repayment of term loans and other loans Notes on Borrowings Notes on Borrowings Notes on Borrowings Notes on Borrowings
Explanatory Explanatory Explanatory Explanatory
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default
0 0 0 0
principal
0 0 0 0
interest
211

Classification of borrowings [Axis] Term loans from banks [Member] Rupee term loans from banks [Member]
Unsecured Unsecured
Secured borrowings Secured borrowings
[Member] [Member]
[Member] [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Borrowings 66 27 66 27
Nature of security Notes on Borrowings Notes on Borrowings
Refer disclosure of Refer disclosure of Refer disclosure of Refer disclosure of
Terms of repayment of term loans and other loans Notes on Borrowings Notes on Borrowings Notes on Borrowings Notes on Borrowings
Explanatory Explanatory Explanatory Explanatory
0 0 0 0
principal
0 0 0 0
interest

Classification based on current non-current [Axis] Current [Member]
Term loans
Classification of borrowings [Axis] Borrowings [Member]
[Member]
Unsecured Secured
Subclassification of borrowings [Axis] Secured borrowings [Member] borrowings borrowings
[Member] [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2020
Borrowings 785.71 659.39 280 4.03
Refer disclosure of Notes Refer disclosure
on Borrowings of Notes on
Explanatory, Refer Borrowings Refer disclosure of
disclosure of Notes on Explanatory, Notes on
Nature of security Borrowings Explanatory, Refer disclosure Borrowings
Refer disclosure of Notes of Notes on Explanatory
on Borrowings Borrowings
Refer disclosure of Notes Refer disclosure
on Borrowings of Notes on
Explanatory, Refer Borrowings Refer disclosure of Refer disclosure of
disclosure of Notes on Explanatory, Notes on Notes on
Terms of repayment of term loans and other loans Borrowings Explanatory, Refer disclosure Borrowings Borrowings
Refer disclosure of Notes of Notes on Explanatory Explanatory
on Borrowings Borrowings
0 0 0 0
principal
0 0 0 0
interest
212

Classification of borrowings [Axis] Term loans [Member] Term loans from banks [Member]
Secured Unsecured
Subclassification of borrowings [Axis] borrowings borrowings Secured borrowings [Member]
[Member] [Member]
01/04/2018 01/04/2019 01/04/2019 01/04/2018
to to to to
31/03/2019 31/03/2020 31/03/2020 31/03/2019
Borrowings 16.61 280 4.03 16.61
Refer disclosure of
Notes on Notes on
Nature of security Borrowings Borrowings
Notes on Borrowings
Explanatory
Refer disclosure of Refer disclosure of Refer disclosure of
Refer disclosure of
Notes on Notes on Notes on
Terms of repayment of term loans and other loans Borrowings Borrowings Borrowings
Notes on Borrowings
Explanatory
Explanatory Explanatory Explanatory
0 0 0 0
principal
0 0 0 0
interest

Term loans from
Classification of borrowings [Axis] Rupee term loans from banks [Member]
banks [Member]
Unsecured Unsecured
Subclassification of borrowings [Axis] borrowings Secured borrowings [Member] borrowings
[Member] [Member]
01/04/2019 01/04/2019 01/04/2018 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2019 31/03/2020
Borrowings 280 4.03 16.61 280
Refer disclosure of
Refer disclosure of
Notes on
Nature of security Borrowings
Notes on Borrowings
Explanatory
Explanatory
Refer disclosure of Refer disclosure of Refer disclosure of
Refer disclosure of
Notes on Notes on Notes on
Terms of repayment of term loans and other loans Borrowings Borrowings
Notes on Borrowings
Borrowings
Explanatory
Explanatory Explanatory Explanatory
0 0 0 0
principal
0 0 0 0
interest
213

Loans repayable on demand from banks
Classification of borrowings [Axis] Loans repayable on demand [Member]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Borrowings 431.68 642.78 431.68 642.78
Notes on Notes on
Nature of security Borrowings
Notes on Borrowings
Borrowings
Notes on Borrowings
Notes on Notes on
Terms of repayment of term loans and other loans Borrowings
Notes on Borrowings
Borrowings
Notes on Borrowings
0 0 0 0
principal
0 0 0 0
interest

Loans and
Loans and
advances from
Classification of borrowings [Axis] advances from
related parties
others [Member]
[Member]
Secured Secured
[Member] [Member]
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Borrowings 350 350
Notes on Notes on
Nature of security Borrowings Borrowings
Notes on Notes on
Terms of repayment of term loans and other loans Borrowings Borrowings
Outstanding amount of continuing default principal 0 0
Outstanding amount of continuing default interest 0 0

01/04/2019
to
31/03/2020
Disclosure of notes on borrowings explanatory [TextBlock] [See below]
214
Disclosure of notes on borrowings explanatory [Text Block]
Note 14 Financial Liabilities
Rs. in
Crore
March March
14(a) Non- current borrowings 31, 31,
2020 2019
Secured
Term loans from bank 87.46 36.17
Total 87.46 36.17
Less Current maturities of long term debt [included in note 14(d)] 21.00 9.00
Less Interest accrues but not due on borrowing [included in note 14(d)] 0.46 0.17
Total non- current borrowings 66.00 27.00
(i) Details of Security provided in respect of secured non current borrowings is as under
(a) Term Loan from Banks
(i) Term loans of Rs. 27.46 Crores (March 31, 2019 - 36.17 Crores) are secured by way of exclusive charge
created on movable fixed assets and mortgage of factory building, of the Companys undertaking at Ranchi,
Jharkhand [Rs. 9 Crores due within 1 year (March 31, 2019 -Rs 9 crores)]
(ii) Term loans of Rs. 60 Crores (March 31, 2019 - Nil) are secured by way of exclusive charge created on
movable fixed assets, of the Companys undertaking at Bhiwandi, Maharashtra [Rs. 12 Crores due within 1
year (March 31, 2019 -Nil)]
215
(ii) Details of terms of repayment for the non current borrowings is as under
(i) Ranchi term loan The Company has been sanctioned Term loan of Rs. 45.00 crores by a bank carrying
interest @ 8.15% (March 31, 2019 8.70%) per annum. The loan is repayable in 20 equal quarterly installments
commencing from 30 June, 2018. Interest is paid monthly.
(ii) Bhiwandi term loan The Company has been sanctioned Term loan of Rs. 60 crores by a bank carrying
interest @ 7.75% per annum (March 31, 2019 Nil). The loan is repayable in 20 equal quarterly installments
commencing from 30 June, 2020. Interest is paid monthly.
Rs. in
Crore
March March
Financial year 31, 31,
2020 2019
2019-20 -
2020-21 21.00 9.00
2021-22 21.00 9.00
2022-23 21.00 9.00
2022-24 12.00 -
2023-24 12.00 -
(iii) Refer Note 31(a) (i) for financial covenants.
March 31, March

2020 31, 2019
216
(Rs. in (Rs. in
Note 14(b) Current borrowings
Crore) Crore)
(a)Loans repayable on demand from banks
(i) Secured loans refer note (i)(a) and (i)(b)

431.68 642.78
below
(b)Other loans from banks
(i)Unsecured loans 280.00 -
(ii)Secured loans refer note (i)(a) and (i)(b)

4.03 16.61
below
568.48 324.24
(c)Loans from holding entity
(i)Secured loans refer note (i)(c) below

350.00 -
refer note 32
Total current borrowings 1065.71 659.39
Notes
(i)Details of Security provided in respect of

secured loans is as under
(a)Secured by way of pledge of fixed

45.93 41.47
deposits with banks
(b)Secured by first charge on pari passu

basis on entire current assets (present and
future) including stock, book debts,
receivables (present and future) etc but 389.78 617.91
217
excluding oils stocks and current assets of

food processing plant at Bengaluru and
Mumbai
(c)Secured by first charge on fixed assets

(movable and immovable) at locations 350.00 -
other than Bhiwandi and Ranchi
785.71 659.39
(ii) Details of terms of repayment for

current borrowings is as under
Payment Secured Secured Unsecured Unsecured

Particulars Total
Term Loan Loan Loan Loan
Interest
Amount Amount Interest rate
rate
March 31, 2020
Repayable on
demand
Working Capital Demand Loan (WCDL), (WCDL 7.20-7.85 7.10-7.75
431.68 280.00 711.68
Cash Credit and Bank overdrafts repayable percent percent
after lock-in
of 7 days)
Repayable on
demand 7.75
Working Capital Loan 350.00 - - 350.00
(Valid till Jan percent
31, 2021)
Pre shipment credit in foreign currency 1.27

6 months 4.03 - - 4.03
loan percent
785.71 280.00 1065.71
March 31, 2019
Repayable on 5.35-8.25
Cash Credit and Bank overdrafts 642.78 - - 642.78
demand percent
218
Pre shipment credit in foreign currency 6 months 16.61 3.07-3.38 - - 16.61

loan percent
Lease liabilities are effectively secured as

the rights to the leased assets recognised
659.39 659.39
in the financial statements revert to the
lessor in the event of default.
The carrying amount of financial and non

financial assets pledged as security for
68.26 - 255.98
current and non current borrowings are
disclosed in Note -38
(iii)Net debt reconciliations
This section sets out an analysis of net

debt and the movements in net debt for
each of the periods presented.
Rs. in
Crore
March 31, March

2020 31, 2019
Cash and cash equivalents 15.48 3.67
Current borrowings (1065.71) (659.39)
Current maturities of long term borrowings (21.00) (9.00)
Interest accrued but not due on borrowings (0.46) (0.17)
Non-Current borrowings (66.00) (27.00)
Lease Liabilities (43.45) -
Net Debt (1181.14) (691.89)
219
Rs. in
Crores
Cash and
Current Lease Non-Current
Particulars cash Total
Borrowings Obligations Borrowings
equivalents
Net debt as on April 01, 2018 25.24 (577.79) - (36.00) (588.55)
Cash flows (21.57) (81.64) - 9.00 (94.21)
Current maturities of long term borrowings - (9.00) - - (9.00)
Interest expense - (34.30) - (1.97) (36.27)
Interest paid - 34.17 - 1.97 36.14
Net debt as on March 31, 2019 3.67 (668.56) - (27.00) (691.89)
Recognition on adoption of Ind AS 116

- - (30.07) - (30.07)
refer note 40
Net debt as on April 1, 2019 restated 3.67 (668.56) (30.07) (27.00) (721.96)
Cash flows 11.81 (397.31) 6.93 (39.00) (417.57)
Acquisition Leases - - (20.31) - (20.31)
Current maturities of long term borrowings - (21.00) - - (21.00)
Interest expense - (49.34) (3.25) (3.36) (55.95)
Interest paid - 49.05 3.25 3.36 55.66
Net debt as on March 31, 2020 15.48 (1087.16) (43.45) (66.00) (1181.14)
220
[612700] Notes - Income taxes
Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(1)
Temporary difference, unused tax losses
Temporary difference, unused tax losses and unused tax credits [Axis] Temporary differences [Member]
and unused tax credits [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Deferred tax relating to items credited (charged)
0 0 0 0
directly to equity
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 139.81 108.8
Deferred tax liabilities 67.04 49.67
Net deferred tax liability (assets) -72.77 -59.13
Net deferred tax assets and liabilities
[Abstract]
Net deferred tax assets 139.81 108.8
Net deferred tax liabilities 67.04 49.67
Deferred tax expense (income) [Abstract]
Deferred tax expense (income) 0 0
Deferred tax expense (income)
-10.05 -67.85
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
-10.05 -67.85
Deferred tax relating to items
0 0 0 0
credited (charged) directly to equity
Aggregated income tax relating to
components of other comprehensive -3.59 -3.08
income
Increase (decrease) through business
combinations, deferred tax liability 0
(assets)
Increase (decrease) through loss
of control of subsidiary, deferred 0
tax liability (assets)
differences, deferred tax liability 0
(assets)
Total increase (decrease) in deferred
0 0 -13.64 -70.93
Deferred tax liability (assets) at end of
-72.77 -59.13
period
Textual information Textual information
Description of other temporary differences (83) [See below] (84) [See below]
221
Temporary
Temporary difference, unused tax losses and unused tax credits [Axis] differences Depreciation amortisation impairment [Member]
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
0 0
directly to equity
Deferred tax assets 0 0
Deferred tax liabilities 51.53 49.67
Net deferred tax liability (assets) 11.8 51.53 49.67 46.7
[Abstract]
Net deferred tax assets 0 0
Net deferred tax liabilities 51.53 49.67
1.86 2.97
[Abstract]
1.86 2.97
0 0
components of other comprehensive 0
income
(assets)
(assets)
1.86 2.97
11.8 51.53 49.67 46.7
period
Description of other temporary differences Depreciation Depreciation
222
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences [Member] differences 1
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
0 0 0
directly to equity
Deferred tax assets 139.81 108.8 4.28
Deferred tax liabilities 15.51 0 0
Net deferred tax liability (assets) -124.3 -108.8 -34.9 -4.28
[Abstract]
Net deferred tax assets 139.81 108.8 4.28
Net deferred tax liabilities 15.51 0 0
Deferred tax expense (income) 0 0 0
-11.91 -70.82 -2.61
[Abstract]
-11.91 -70.82 -2.61
0 0 0
components of other comprehensive -3.59 -3.08 0
income
combinations, deferred tax liability 0 0
(assets)
of control of subsidiary, deferred 0 0
differences, deferred tax liability 0 0
(assets)
-15.5 -73.9 -2.61
-124.3 -108.8 -34.9 -4.28
period
Provision for
Textual information (85) Textual information (86) doubtful
Description of other temporary differences [See below] [See below] receivables/
advances
223
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences 1 [Member] Other temporary differences 2 [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
0 0 0
directly to equity
Deferred tax liabilities 0 0 0
Net deferred tax liability (assets) -1.67 -1.37 -46.19 -36.28
[Abstract]
Net deferred tax liabilities 0 0 0
-0.3 -6.32 -1.59
[Abstract]
-0.3 -6.32 -1.59
0 0 0
components of other comprehensive -3.59 -3.08
income
(assets)
(assets)
-0.3 -9.91 -4.67
-1.67 -1.37 -46.19 -36.28
period
Provision for doubtful Provision for Provision for
Description of other temporary differences receivables/ advances Employee Benefits Employee Benefits
224
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] differences 2 Other temporary differences 3 [Member]
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
0 0
directly to equity
Deferred tax assets 3.37 0
Deferred tax liabilities 0 0
Net deferred tax liability (assets) -31.61 -3.37 0 0
[Abstract]
Net deferred tax assets 3.37 0
Net deferred tax liabilities 0 0
-3.37 0
[Abstract]
-3.37 0
0 0
income
(assets)
(assets)
-3.37 0
-31.61 -3.37 0 0
period
Description of other temporary differences Provision for Inventory Provision for Inventory
225
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences 4 [Member] differences 5
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
0 0 0
directly to equity
Net deferred tax liability (assets) -66.69 -66.69 0 -4.1
[Abstract]
0 -66.69 0.06
[Abstract]
0 -66.69 0.06
0 0 0
components of other comprehensive 0 0
income
combinations, deferred tax liability 0 0
(assets)
of control of subsidiary, deferred 0 0
differences, deferred tax liability 0 0
(assets)
0 -66.69 0.06
-66.69 -66.69 0 -4.1
period
Provision for Provision for Other Temporary
Description of other temporary differences Intercorporate Deposits Intercorporate Deposits Differences
226
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences 5 [Member] Other temporary differences 6 [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
0 0 0
directly to equity
Deferred tax assets 4.16 15.18 0
Net deferred tax liability (assets) -4.16 -1.92 -15.18 0
[Abstract]
Net deferred tax assets 4.16 15.18 0
-2.24 -15.18 0
[Abstract]
-2.24 -15.18 0
0 0 0
income
(assets)
(assets)
-2.24 -15.18 0
-4.16 -1.92 -15.18 0
period
Other Temporary
Description of other temporary differences Differences
Lease Liabilities Lease Liabilities
227
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] differences 6 Other temporary differences 7 [Member]
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
0
directly to equity
Deferred tax assets 0 0
Deferred tax liabilities 15.51 0
Net deferred tax liability (assets) 0 15.51 0 0
[Abstract]
Net deferred tax assets 0 0
Net deferred tax liabilities 15.51 0
15.51 0
[Abstract]
15.51 0
0
income
(assets)
(assets)
15.51 0
0 15.51 0 0
period
Description of other temporary differences Right-of-use Assets Right-of-use Assets
228
Temporary difference, unused tax losses and unused tax credits [Axis] Unused tax losses [Member]
01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Deferred tax relating to items credited (charged) directly to equity 0 0
Disclosure of temporary difference, unused tax losses and unused tax
credits [Abstract]
Disclosure of temporary difference, unused tax losses and unused
tax credits [Line items]
Deferred tax assets 79.28 0
Deferred tax liabilities 0 0
Net deferred tax liability (assets) -79.28 0 0
Net deferred tax assets and liabilities [Abstract]
Net deferred tax assets 79.28 0
Net deferred tax liabilities 0 0
Deferred tax expense (income) recognised in profit or loss -79.28 0
Reconciliation of changes in deferred tax liability (assets)
[Abstract]
Changes in deferred tax liability (assets) [Abstract]
Deferred tax expense (income) recognised in profit or loss -79.28 0
0 0
directly to equity
0
Increase (decrease) through business combinations,
0
deferred tax liability (assets)
Increase (decrease) through loss of control of
0
subsidiary, deferred tax liability (assets)
Increase (decrease) through net exchange differences,
0
deferred tax liability (assets)
Total increase (decrease) in deferred tax liability
-79.28 0
(assets)
Deferred tax liability (assets) at end of period -79.28 0 0
Description of other temporary differences Tax Losses Tax Losses
229

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of income tax [TextBlock] [See below]
Major components of tax expense (income) [Abstract]
Current tax expense (income) and adjustments for current tax of prior
periods [Abstract]
Current tax expense (income) 0 13.31
Adjustments for current tax of prior periods -2.26 4.29
Total current tax expense (income) and adjustments for current tax
-2.26 17.6
of prior periods
Deferred tax expense (income) relating to origination and reversal of
-92.92 -70.93
temporary differences
Deferred tax expense (income) relating to tax rate changes or
0 0
imposition of new taxes
Tax benefit arising from previously unrecognised tax loss,
tax credit or temporary difference of prior period used to 0 0
reduce current tax expense
Tax benefit arising from previously unrecognised tax loss,
tax credit or temporary difference of prior period used to 0 0
reduce deferred tax expense
Deferred tax expense arising from write-down or reversal of
0 0
write-down of deferred tax Assets
Tax expense (income) relating to changes in accounting policies
0 0
and errors included in profit or loss
Adjustments for deferred tax of prior periods 0 0
Other components of deferred tax expense (income) 0 0
Total tax expense (income) -95.18 -53.33
Current and deferred tax relating to items charged or credited directly
to equity [Abstract]
Current tax relating to items credited (charged) directly to equity 0 0
Deferred tax relating to items credited (charged) directly to equity 0 0
Total aggregate current and deferred tax relating to items credited
0 0
(charged) directly to equity
Income tax relating to components of other comprehensive income [Abstract]
Income tax relating to exchange differences on translation of other
0 0
Income tax relating to cash flow hedges of other comprehensive income 0 0
Income tax relating to changes in revaluation surplus of other
0 0
Income tax relating to remeasurements of defined benefit plans of
0 0
Income tax relating to investments in equity instruments of other
0 0
Income tax relating to hedges of net investments in foreign
0 0
operations of other comprehensive income
Income tax relating to changes in fair value of financial
liability attributable to change in credit risk of 0 0
liability of other comprehensive income
Income tax relating to hedges of investments in equity instruments
0 0
of other comprehensive income
Income tax relating to change in value of time value of options of
0 0
Income tax relating to change in value of forward elements of
0 0
forward contracts of other comprehensive income
Income tax relating to change in value of foreign currency basis
0 0
spreads of other comprehensive income
Income tax relating to financial assets measured at fair value
0 0
comprehensive income that will not be reclassified to profit -3.59 -3.08
or loss
Others income tax relating to components of other comprehensive
0 0
income that will be reclassified to profit or loss
Total aggregated income tax relating to components of other
-3.59 -3.08
230
Aggregated income tax relating to share of other comprehensive

income of associates and joint ventures accounted for using 0 0
equity method
Tax expense of discontinued operations [Abstract]
Tax expense relating to gain (loss) on discontinuance 0 0
Tax expense relating to profit (loss) from ordinary activities of
0 0
Deductible temporary differences for which no deferred tax Assets is
0 0
recognised
Unused tax losses for which no deferred tax Assets recognised 0 0
Unused tax credits for which no deferred tax Assets recognised 0 0
Temporary differences associated with investments in
subsidiaries, branches and associates and interests in
0 0
joint arrangements for which deferred tax liabilities have
not been recognised
Disclosure of temporary difference, unused tax losses and unused tax Textual information (88)
credits [TextBlock] [See below]
Disclosure of temporary difference, unused tax losses and unused tax
credits [Abstract]
Net deferred tax assets and liabilities [Abstract]
Reconciliation of changes in deferred tax liability (assets)
[Abstract]
Changes in deferred tax liability (assets) [Abstract]
Deferred tax relating to items credited (charged) directly
0 0
to equity
Total increase (decrease) in deferred tax liability (assets) 0 0
Reconciliation of accounting profit multiplied by applicable tax rates
[Abstract]
Accounting profit -249.28 -142.08
Tax expense (income) at applicable tax rate -87.11 -49.65
Tax effect of revenues exempt from taxation 0 0
Tax effect of expense not deductible in determining taxable profit (tax
-4.94 -0.6
loss)
Tax effect of impairment of goodwill 0 0
Tax effect of tax losses 0 0
Tax effect of foreign tax rates 0 0
Tax effect from change in tax rate 0 0
Other tax effects for reconciliation between accounting profit and tax
-3.13 -3.08
expense (income)
Total tax expense (income) -95.18 -53.33
Reconciliation of average effective tax rate and applicable tax rate
[Abstract]
Accounting profit -249.28 -142.08
Applicable tax rate 34.944% 34.944%
Total average effective tax rate 34.944% 34.944%
Description of other temporary differences

Provision for doubtful receivables/ advances, Provision for Employee Benefits, Provision for Inventory, Provision for Intercorporate Deposits,
Other Temporary Differences, Lease Liabilities, Depreciation, Right-of-use Assets

Other Temporary Differences, Lease Liabilities, Depreciation, Right-of-use Assets
231

Other Temporary Differences, Lease Liabilities, Right-of-use Assets

Other Temporary Differences, Lease Liabilities, Right-of-use Assets
232
Disclosure of income tax [Text Block]
Rs. in Crore
March 31, March 31,

Note 27 Income Tax expense
2020 2019
This note provides an analysis of the Companys income tax expense
(a)Income tax expense
Current tax
Current tax on profits for the year - 13.31
Tax related to earlier years (2.26) 4.29
Total current tax expense (2.26) 17.60
Deferred tax (refer note 7)
Decrease (increase) in deferred tax assets (110.29) (73.90)
(Decrease) increase in deferred tax liabilities 17.37 2.97
Total deferred tax expense (benefit) (92.92) (70.93)
Income tax expense (95.18) (53.33)
(b) Reconciliation of tax expense and the accounting profit multiplied by India tax rate
233
Profit from operations before income tax expense (249.28) (142.08)
Tax at the Indian tax rate of 34.944 percent (2018-19-34.944 percent) (87.11) (49.65)
Tax effect of amounts which are not deductible (taxable) in calculating taxable income
Loss on sale of Property, Plant & Equipment 1.15 0.25
Corporate social responsibility expense (refer note 36) 0.43 0.75
Weighted deduction on research and development expenses (refer note 39) (1.69) (1.64)
Deductible temporary differences on which no deferred tax is recognised in previous year and
(1.96) -
recognised in current year
Tax effect on difference of written down value of Depreciable assets (2.87) -
Interest paid under Income Tax (refer note 23) - 0.04
Adjustment to current tax relating to earlier years 2.26 (4.29)
Others (5.39) 1.21
Total income tax expense (95.18) (53.33)
234
Disclosure of temporary difference, unused tax losses and unused tax credits [Text Block]
Rs. in
Crore
March March
Note 7 Deferred tax assets 31, 31,
2020 2019
The balance comprises temporary differences attributable to
Deferred Tax Assets
Provision for doubtful receivables/advances 4.28 1.67
Provision for employees benefits 46.19 36.28
Provision for Inventory 3.37 -
Provision for intercorporate deposits 66.69 66.69
Tax losses 79.28 -
Other temporary differences 4.10 4.16
Lease Liabilities 15.18 -
Total 219.09 108.80
Deferred tax liabilities
Depreciation 51.53 49.67
Right-of-use assets 15.51 -
235
Net deferred tax assets/(liabilities) 152.05 59.13
Deferred tax assets and deferred tax liabilities have been offset as they relate to the same governing taxation
laws
Critical judgement
The Company has recognised deferred tax assets on carried forward tax losses. The Company has incurred
the losses over the last two financial years. They relate to one-off costs of provision for inter corporate deposit
and unprecedented increase in milk procurement prices which could not be compensated by price hike of milk
during later part of the year thus resulting into operational losses and are not expected to recur in future. The
management of the Company have reviewed the Companys business activities, financial position, historical
trend of revenue and net profits/taxable profits, current year loss and has concluded that the deferred tax
assets will be recoverable using the estimated future taxable income based on the approved business plans
and budgets of the Company. The Company is expected to generate taxable income from financial year
March 2021 onwards. The losses can be carried forward for a period of 8 years as per local tax regulations
and the Company expects to recover the losses.
Provision for Provision for Other

Movement in deferred Provision for doubtful
Depreciation employees inter-corporate temporary
tax assets (net) receivables/ Advances
benefits deposits differences
As At March 31, 2018 (46.70) 1.37 31.61 - 1.92
(Charged)/ credited
to profit or loss (2.97) 0.30 1.59 66.69 2.24
to Other
comprehensive - - 3.08 - -
income
As At March 31, 2019 (49.67) 1.67 36.28 66.69 4.16
(Charged)/ credited
to profit or loss (1.86) 2.61 6.32 - (0.06)
to Other
236
comprehensive - - 3.59 - -
income
As at March 31, 2020 (51.53) 4.28 46.19 66.69 4.10
Movement in deferred tax assets (net) Provision for inventory Leases (Net) Tax Losses Total
As At March 31, 2018 - - - (11.80)
(Charged)/ credited
to profit or loss - - - 67.85
to Other comprehensive income - - - 3.08
As At March 31, 2019 - - - 59.13
(Charged)/ credited
to profit or loss 3.37 (0.33) 79.28 89.33
to Other comprehensive income - - - 3.59
As at March 31, 2020 3.37 (0.33) 79.28 152.05
[611000] Notes - Exploration for and evaluation of mineral resources

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of exploration and evaluation assets [TextBlock]
Whether there are any exploration and evaluation activities No No
237
[611900] Notes - Accounting for government grants and disclosure of government assistance
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of accounting for government grants and disclosure of government Textual information (89)
assistance [TextBlock] [See below]
Whether company has received any government grant or government assistance No Yes
Description of accounting policy for government grants [TextBlock] [See below] [See below]
Grants received from
Description of nature and extent of government grants recognised in governement departments
financial statements in nature of capital
grants
Indication of other forms of government assistance with direct benefits
NA NA
for entity
Explanation of unfulfilled conditions and other contingencies attaching
NA NA
to government assistance
Capital subsidies or grants received from government authorities 0 11.41
Revenue subsidies or grants received from government authorities 0 0
238
Disclosure of accounting for government grants and disclosure of government assistance [Text Block]
Rs. In
Crore
March March
Note 16 Government grants 31, 31,
2020 2019
Opening balance 11.98 1.63
Add Grants received during the year - For Ranchi refer note(i) and (ii) below - 11.41
Less Grants repayable during the year - refer note(i) below (12.00) -
Less Released to profit & loss 0.74 (1.06)
Total Government grants 0.72 11.98
Current portion 0.44 0.92
Non-Current portion 0.28 11.06
Notes
(i)Grant from, Directorate of Industries - Government of Jharkhand sanctioned Rs. 12 crores towards
expenditure of civil construction and Plant and Machinery in relation to setting up of a mega project of food
processing at Saparom, Nagri, District, Ranchi. Out of this Rs. 0.59 crores were received in FY 17-18 and Rs.
2.41 crores received during FY 2018-19. The balance amount of Rs. 9 crores was accrued in FY 2018-19 as
all conditions were fulfilled for entitlement to the grant - refer note 6(c).
During FY19-20, the Company, as approved by the board, has decided not to avail the above grant of Rs.12
crores and had filed an application dated December 16, 2019 with the Directorate of Industries, Government of
Jharkhand for refund of above grant to the government - refer note 6(c) and 14(d).
239
(ii)There are no unfulfiled conditions and other contingencies attaching to government assistance that has
been recognised.
(iii)The Company has entered into certain operating lease arrangements for leasehold land for a period of 30
years with state Governments of Maharashtra and Jharkhand. These leases are renewable for another period
of 30 years. The Company operates its manufacturing facilities from these locations. No lease rent is payable
by the Company for these lease arrangements. The lease rent which has not been charged by the
Government in respect of these leasehold land has been treated as Government grant. This arrangement has
no impact on the profit before tax of the Company.

Government grants

Government grants
240
[401100] Notes - Subclassification and notes on liabilities and assets
Details of advances [Table] ..(1)

Classification of advances [Axis] Capital advances [Member] Advances to related parties [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
01/04/2019 01/04/2018
31/03/2020 31/03/2019 to to
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 0.1 3.17 1.15 2.17
Advances given to Advances given to
Details of advance to related parties fellow subsidiaries fellow subsidiaries
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Advance due by others 0.1 3.17 1.15 2.17
Total advance due by directors other
0.1 3.17 1.15 2.17
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director
241
Details of advances [Table] ..(2)

Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Advances given other related parties
Classification of advances [Axis] Advances given suppliers [Member]
[Member]
01/04/2019 01/04/2018
to to 31/03/2020 31/03/2019
31/03/2020 31/03/2019
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 1.15 2.17 61.26 4.6
Advances given to Advances given to
Details of advance to related parties fellow subsidiaries fellow subsidiaries
Details of advance due by directors other
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Advance due by others 1.15 2.17 61.26 4.6
Total advance due by directors other
1.15 2.17 61.26 4.6
officers or others
Details of advance due by firms or
Advance due by firms in which any
0 0 0 0
director is partner
0 0 0 0
0 0 0 0
Total advance due by firms or
Other non-current financial assets, others [Table] ..(1)

Classification of other non-current financial assets others [Axis] _OtherNonCurrentFinancialAssetsOther_4 _OtherNonCurrentFinancialAssetsOther_5
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets [Abstract]
Other non-current financial assets notes [Abstract]
Other non-current financial assets [Abstract]
Other non-current financial assets, others 0.21 0.54
Other non-current financial assets, others [Abstract]
Other non-current financial assets, others [Line items]
Description other non-current financial assets, others Bank Deposits Bank Deposits
Other non-current financial assets, others 0.21 0.54
242
Other current financial liabilities, others [Table] ..(1)

Other current financial
_OtherCurrentFinancialLiabilitiesOther_36 _OtherCurrentFinancialLiabilitiesOther_37 _OtherCurrentFinancialLiabilitiesOther_38 _OtherCurrentFina
liabilities, others [Axis]
01/04/2019 01/04/2019 01/04/2019
to to to
31/03/2020 31/03/2020 31/03/2020
Subclassification
and notes on liabilities
and assets
[Abstract]
Disclosure of
other current financial
liabilities
notes [Abstract]
Other current
financial liabilities
[Abstract]
Other current
financial liabilities, 205.94 0.28 0.52
others
Other current
financial liabilities,
others
[Abstract]
Other current
others
[Line items]
Description
of other current
financial Trade/security deposits received Superannuation payable Capital creditors related party Capital creditors (oth
liabilities,
others
Other
current financial
205.94 0.28 0.52
liabilities,
others
243

01/04/2019 01/04/2019 01/04/2019
to to to
31/03/2020 31/03/2020 31/03/2020
Subclassification
and assets
[Abstract]
Disclosure of
liabilities
notes [Abstract]
Other current
[Abstract]
Other current
financial liabilities, 26.63 0.06 3
others
Other current
others
[Abstract]
Other current
others
[Line items]
Description
of other current
financial Employees related payables Foreign exchange forward contracts Government grant payable Lease Liabilities
liabilities,
others
Other
current financial
26.63 0.06 3
liabilities,
others
244

01/04/2018 01/04/2018 01/04/2018
to to to
31/03/2019 31/03/2019 31/03/2019
Subclassification
and assets
[Abstract]
Disclosure of
liabilities
notes [Abstract]
Other current
[Abstract]
Other current
others
Other current
others
[Abstract]
Other current
others
[Line items]
Description
of other current
financial Trade/security deposits received Book overdraft Superannuation payable Capital creditors (rel
liabilities,
others
Other
current financial
192.02 0.39 0.25
liabilities,
others
245

01/04/2018 01/04/2018 01/04/2018
to to to
31/03/2019 31/03/2019 31/03/2019
Subclassification
and assets
[Abstract]
Disclosure of
liabilities
notes [Abstract]
Other current
[Abstract]
Other current
others
Other current
others
[Abstract]
Other current
others
[Line items]
Description
of other current
financial Capital creditors (others) Employees related payables Foreign exchange forward contracts Lease Liabilities
liabilities,
others
Other
current financial
15.69 43.57 0.03
liabilities,
others
Other current liabilities, others [Table] ..(1)

Other current liabilities, others [Axis] _OtherCurrentLiabilitiesOther_52 _OtherCurrentLiabilitiesOther_53
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of other current liabilities notes [Abstract]
Other current liabilities [Abstract]
Other current liabilities, others 11.22 15.57
Other current liabilities, others [Abstract]
Other current liabilities, others [Line items]
Description of other current liabilities, others Statutory dues Statutory dues
Other current liabilities, others 11.22 15.57
246
Other non-current financial liabilities others [Table] ..(1)

Other non-current financial liabilities others [Axis] _OtherNoncurrentFinancialLiabilitiesOther_35
01/04/2019
to
31/03/2020
Disclosure of other non-current financial liabilities notes [Abstract]
Other non-current financial liabilities [Abstract]
Other non-current financial liabilities, others 33.85
Other non-current financial liabilities others [Abstract]
Other non-current financial liabilities others [Line items]
Description other non-current financial liabilities others Lease Liabilities
Other non-current financial liabilities, others 33.85
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company inventories [Member] Raw materials [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
[Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 1,495.44 1,206.18 1,274.25 616.12
Goods in transit 0 0 0 0
At lower of cost and At lower of cost and
net realisable value, net realisable value,
net realisable value, net realisable value, At lower of cost and At lower of cost and
Mode of valuation At lower of cost and At lower of cost and net realisable value net realisable value
net realisable value, net realisable value,
net realisable value net realisable value

Classification of inventories [Axis] Finished goods [Member] Stock-in-trade [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
[Abstract]
Inventories 175.71 539.83 22.71 28.96
Goods in transit 0 0 0 0
At lower of cost and At lower of cost and At lower of cost and At lower of cost and
Mode of valuation net realisable value net realisable value net realisable value net realisable value
247

Classification of inventories [Axis] Stores and spares [Member]
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Inventories 22.77 21.27
Goods in transit 0 0
Mode of valuation net realisable value net realisable value
Other current assets others [Table] ..(1)

Other current assets others
_OtherCurrentAssetsOther_22 _OtherCurrentAssetsOther_23 _OtherCurrentAssetsOther_24 _OtherCurrentAssetsOther_25
[Axis]
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Subclassification and
notes on liabilities and
assets
[Abstract]
Other current assets
notes [Abstract]
[Abstract]
Other current assets,
5.93 41.68 0.25 5.21
others
others [Abstract]
Other current
assets others [Line items]
Description of Balances with Government Other receivables from Related
Prepaid expenses Other receivables
other current assets others authorities Party
Other current
5.93 41.68 0.25 5.21
assets, others

[Axis]
01/04/2019 01/04/2019 01/04/2018 01/04/2018
to to to to
31/03/2020 31/03/2020 31/03/2019 31/03/2019
assets
[Abstract]
notes [Abstract]
[Abstract]
0.29 -0.29 5.02 32.68
others
others [Abstract]
Other current
Description of Balances with Government
Advance to Vendors Provision for Doubtful Debt Prepaid expenses
other current assets others authorities
Other current
0.29 -0.29 5.02 32.68
assets, others
248

[Axis]
01/04/2018 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
assets
[Abstract]
notes [Abstract]
[Abstract]
0.01 0.59 5.62 0.29
others
others [Abstract]
Other current
Description of Prepaid operating lease for Other receivables from Related
Other receivables Advance to Vendors
other current assets others leasehold land Party
Other current
0.01 0.59 5.62 0.29
assets, others

Other current assets others [Axis] _OtherCurrentAssetsOther_34
01/04/2018
to
31/03/2019
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others -0.29
Other current assets others [Abstract]
Other current assets others [Line items]
Description of other current assets others Provision for Doubtful Debt
Other current assets, others -0.29
249
Details of loans [Table] ..(1)

Loans given to other companies
Classification of loans [Axis] Security deposits [Member]
[Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 9.05 7.66 7.87 7.27
Allowance for bad and doubtful loans 0 0 0 0
Total loans 9.05 7.66 7.87 7.27
Details of loans due by directors, other
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Loans due by others 0 7.66 0 7.27
Total loans due by directors, other
0 7.66 0 7.27
officers or others
Details of loans due by firms or
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
0 0 0 0
Total loans due by firms or
250

Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Classification of loans [Axis] Loans given employees [Member] Security deposits [Member]
Classification of assets based on security [Axis] Secured considered good [Member] Unsecured considered good [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
[Abstract]
Loans , gross 3.52 4.03 11.11 11.72
Total loans 3.52 4.03 11.11 11.72
0 4.03 0 11.72
officers or others
0 0 0 0
is partner
0 0 0 0
0 0 0 0
251

Loans given to other companies
Classification of loans [Axis] Loans given employees [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Secured considered good [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
[Abstract]
Loans , gross 1.31 0.23 0.61 0.83
Total loans 1.31 0.23 0.61 0.83
0 0.23 0 0.83
officers or others
0 0 0 0
is partner
0 0 0 0
0 0 0 0
252

Classification of loans [Axis] Other loans [Member] Intercorporate deposits [Member]
Unsecured Unsecured
Classification of assets based on security [Axis] considered good Doubtful [Member] considered good Doubtful [Member]
[Member] [Member]
31/03/2019 31/03/2020 31/03/2019 31/03/2020
[Abstract]
Loans , gross 190.85 190.85 190.85 190.85
Allowance for bad and doubtful loans 190.85 190.85 190.85 190.85
Total loans 0 0 0 0
Loans due by others 0 0 0 0
0 0 0 0
officers or others
0 0 0 0
is partner
0 0 0 0
0 0 0 0
253
Other non-current assets, others [Table] ..(1)

Other non-current
_OtherNoncurrentAssetsOther_6 _OtherNoncurrentAssetsOther_7 _OtherNoncurrentAssetsOther_8 _OtherNoncurrentAssetsOther_9
assets, others [Axis]
01/04/2019 01/04/2019 01/04/2018 01/04/2018
to to to to
31/03/2020 31/03/2020 31/03/2019 31/03/2019
Subclassification
and assets
[Abstract]
Other non-current
assets notes [Abstract]
Other
non-current assets
[Abstract]
Other
non-current assets, 3.93 0.83 1.76 0.3
others
Other
non-current assets,
others [Abstract]
Other
non-current assets,
others [Line items]
Description
of other non-current
Amounts paid under protest Prepaid expenses Amounts paid under protest Prepaid expenses
assets,
others
Other
non-current assets, 3.93 0.83 1.76 0.3
others
Other non-current assets, others [Table] ..(2)

Other non-current assets, others [Axis] _OtherNoncurrentAssetsOther_10
01/04/2018
to
31/03/2019
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 1.84
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Prepaid operating lease for
Description of other non-current assets, others leasehold land
Other non-current assets, others 1.84
254
Other current financial assets others [Table] ..(1)

Other current
financial assets _OtherCurrentFinancialAssetsOther_11 _OtherCurrentFinancialAssetsOther_12 _OtherCurrentFinancialAssetsOther_13 _OtherCurrentFinancialAssetsO
others [Axis]
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Subclassification
and notes on
liabilities and assets
[Abstract]
Other current
financial assets
[Abstract]
Other current
financial assets 2.13 2.02 0.29
others
Other current
financial assets
others [Abstract]
Other current
financial assets
others [Line
items]
Description
other current
Interest receivable from others Facilitation fees receivable Advances to employees Claim recoverable
financial assets
others
Other
current financial 2.13 2.02 0.29
assets others

Other current
financial assets _OtherCurrentFinancialAssetsOther_15 _OtherCurrentFinancialAssetsOther_16 _OtherCurrentFinancialAssetsOther_17 _OtherCurrentFinancialAssetsO
others [Axis]
01/04/2019 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2019 31/03/2019
Subclassification
and notes on
liabilities and assets
[Abstract]
Other current
financial assets
[Abstract]
Other current
financial assets 8.67 0.86 2.65
others
Other current
financial assets
others [Abstract]
Other current
financial assets
others [Line
items]
Description
other current
Export incentive Interest receivable from others Facilitation fees receivable Advances to employees
financial assets
others
Other
current financial 8.67 0.86 2.65
assets others
255

Other current financial assets
_OtherCurrentFinancialAssetsOther_19 _OtherCurrentFinancialAssetsOther_20 _OtherCurrentFinancialAssetsOther_21
others [Axis]
01/04/2018 01/04/2018 01/04/2018
to to to
31/03/2019 31/03/2019 31/03/2019
Subclassification and notes
on liabilities and assets
[Abstract]
assets [Abstract]
2.49 9 5.07
assets others
assets others [Abstract]
Description other
Claim recoverable Government grant receivable Export incentive
current financial assets others
Other current
2.49 9 5.07
financial assets others
Disclosure of breakup of provisions [Table] ..(1)

Classification based on current
non-current [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 42.85 30.46 42.85 30.46
Provision leave encashment 89.32 73.37 0 0
Provision pension 0 0 0 0
Provision employee insurance scheme 0 0 0 0
Provision other employee related
0 0 0 0
liabilities
Total provisions for employee benefits 132.17 103.83 42.85 30.46
Provision for corporate tax [Abstract]
Provision for wealth tax 0 0 0 0
Provision for fringe benefit tax 0 0 0 0
Provision for other tax 0 0 0 0
Provision for corporate dividend tax 0 0 0 0
Total provision for corporate tax 0 0 0 0
Provision for statutory liabilities 0 0 0 0
CSR expenditure provision 0 0 0 0
Provision for abandonment cost 0 0 0 0
Other provisions 3.54 3.01 0 0
Total provisions 135.71 106.84 42.85 30.46
256
Disclosure of breakup of provisions [Table] ..(2)

31/03/2020 31/03/2019
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision gratuity 0 0
Provision leave encashment 89.32 73.37
Provision pension 0 0
Provision employee insurance scheme 0 0
Provision other employee related liabilities 0 0
Total provisions for employee benefits 89.32 73.37
Provision for corporate tax [Abstract]
Provision for wealth tax 0 0
Provision for fringe benefit tax 0 0
Provision for other tax 0 0
Provision for corporate dividend tax 0 0
Total provision for corporate tax 0 0
Provision for statutory liabilities 0 0
CSR expenditure provision 0 0
Provision for abandonment cost 0 0
Other provisions 3.54 3.01
Total provisions 92.86 76.38
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security [Axis] Secured considered good [Member] Unsecured considered good [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
[Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line
items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 16.63 10.46 122.03 179.57
Allowance for bad and doubtful debts 0 0 0 0
Total trade receivables 16.63 10.46 122.03 179.57
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0 0 0
Trade receivables due by other officers 0 0 0 0
Trade receivables due by others 16.63 10.46 122.03 179.57
Total trade receivables due by
16.63 10.46 122.03 179.57
directors, other officers or others
Details of trade receivables due by firms
or companies in which any director is
partner or director [Abstract]
Trade receivables due by firms in
0 0 0 0
which any director is partner
Trade receivables due by private
companies in which any director is 0 0 0 0
director
Trade receivables due by private
companies in which any director is 0 0 0 0
member
Total trade receivables due by
firms or companies in which any 0 0 0 0
director is partner or director
257
Subclassification of trade receivables [Table] ..(2)

Classification of assets based on security [Axis] Doubtful [Member]
31/03/2020 31/03/2019
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 11.95 4.48
Allowance for bad and doubtful debts 11.95 4.48
Total trade receivables 0 0
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0 0
Total trade receivables due by directors, other officers or others 0 0
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Trade receivables due by firms in which any director is partner 0 0
Trade receivables due by private companies in which any director is director 0 0
Trade receivables due by private companies in which any director is member 0 0
Total trade receivables due by firms or companies in which any director
0 0
258

01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Disclosure of notes on trade receivables explanatory [TextBlock] [See below]
Disclosure of notes on loans explanatory [TextBlock] [See below]
Disclosure of notes on other non-current financial assets [TextBlock] [See below]
Dividend receivable, subsidiaries 0 0
Dividend receivable, others 0 0
Total dividend receivable 0 0
Derivative assets 0 0
Interest income accrued 0 0
Total other non-current financial assets 0.21 0.54
Disclosure of notes on other non-current assets explanatory Textual information (95)
Advances, non-current 1.25 5.34
Total other non-current assets 6.01 9.24
Disclosure of inventories Explanatory [TextBlock] [See below]
Description of accounting policy for measuring inventories Textual information (97)
Inventories, at fair value less costs to sell 0 0
Inventories, at net realisable value 0 0
Inventory write-down 0 0
Reversal of inventory write-down 0 0
Cost of inventories recognised as expense during period 0 0
Inventories pledged as security for liabilities 0 0
Disclosure of notes on cash and bank balances explanatory [TextBlock] [See below]
Fixed deposits with banks 0 0
Other deposits with banks 0 0
Deposit repayment reserve account with banks 0 0
Other balances with banks 12.48 2.2
Total balance with banks 12.48 2.2
Cheques, drafts on hand 2.99 1.46
Cash on hand 0.01 0.01
Others 0 0
Total cash and cash equivalents 15.48 3.67 25.24
Bank balance other than cash and cash equivalents 51 47.76
Total cash and bank balances 66.48 51.43 25.24
Earmarked balances with banks 0 0
Balances held with banks to extent held as margin money 0 0
Balances held with banks to extent held as security against
51 47.76
borrowings
Balances held with banks to extent held as guarantees 0 0
Balances held with banks to extent held against other
0 0
commitments
Total balances held with banks to extent held as
margin money or security against borrowings, 51 47.76
guarantees or other commitments
Bank deposits with more than 12 months maturity 0.21 0.54
Disclosure of notes on other current financial assets explanatory Textual information (99)
Derivative financial instruments 0 0
Unbilled revenue 0 0
Security deposits 0 0
Total other current financial assets 22.83 20.26
Textual information
Disclosure of notes on other current assets explanatory [TextBlock] (100) [See below]
Advances, current 61.26 4.6
Other unamortised expenses 0 0
Property plant and equipment held for sale 0 0
Total other current assets 114.33 48.52
259
Security deposits refundable, Non-current 0 0

Public deposit payable, Non-current 0 0
Derivative liabilities, Non-current 0 0
Total other non-current financial liabilities 33.85 0
Textual information
Disclosure of notes on provisions explanatory [TextBlock] (101) [See below]
Nature of other provisions Provision for litigation Provision for litigation
Advances received 0 0
Total other non-current liabilities 0 0
Disclosure of notes on other current financial liabilities Textual information
explanatory [TextBlock] (102) [See below]
Current maturities of long-term debt 21 9
Current maturities of finance lease obligations 0 0
Interest accrued on borrowings 0.46 0.17
Interest accrued on public deposits 0 0
Interest accrued others 3.98 1.31
Unpaid dividends 0 0
Retention money payable 26.23 28.9
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Debentures claimed but not paid 0 0
Public deposit payable, current 0 0
Derivative liabilities 0 0
Total other current financial liabilities 311.05 299.42
Textual information
Disclosure of other current liabilities notes explanatory [TextBlock] (103) [See below]
Revenue received in advance 0 0
Advance received against contracts 0 0
Advance received from customers 26.25 13.01
Other advance received 0 0
Total other advance 26.25 13.01
Security deposits refundable, current 0 0
Customer deposits refundable, current 0 0
Other deposits refundable, current 0 0
Total deposits refundable current 0 0
Withholding taxes payable 0 0
Service tax payable 0 0
VAT payable 0 0
Excise duty payable 0 0
Taxes payable sales tax 0 0
Taxes payable other tax 0 0
Accrued expenses payable 0 0
Gross amount due to customers for contract work, current 0 0
Current liabilities portion of share application money pending
0 0
allotment
Total other payables, current 0 0
Bills payable acceptances 0 0
Contribution to provident fund scheme 0 0
Proposed equity interim dividend 0 0
Proposed equity final dividend 0 0
Proposed equity special dividend 0 0
Total proposed equity dividend 0 0
Proposed preference interim dividend 0 0
Proposed preference final dividend 0 0
Proposed preference special dividend 0 0
Total proposed preference dividend 0 0
Total proposed dividend 0 0
Total other current liabilities 37.47 28.58
260
Disclosure of notes on trade receivables explanatory [Text Block]
Rs. in Crore
Note 6 (d) Trade receivables March 31, 2020 March 31, 2019
Trade receivables 150.60 194.51
Receivables from related parties (refer note 32) 0.01 -
Less Allowance for doubtful debts (11.95) (4.48)
Total Receivables 138.66 190.03
Break-up of security details
Trade receivables considered good - Secured 16.63 10.46
Trade receivables considered good - Unsecured 133.98 184.05
Trade receivables which have significant increase in credit risk - -
Trade receivables -credit impaired - -
Total 150.61 194.51
Less Loss allowance (11.95) (4.48)
Total Trade receivables 138.66 190.03
261
Disclosure of notes on loans explanatory [Text Block]
Rs. in Crore
March 31, 2020 March 31, 2020 March 31, 2019 March 31, 2019
Current Non Current Current Non Current
6 (b) Loans
Secured, considered good
Loan to employees 0.61 3.52 0.83 4.03
Unsecured, considered good
Loan to Farmer Producer Company 1.31 7.87 0.23 7.27
Security deposits 11.11 9.05 11.72 7.66
Inter Corporate Deposits 190.85 - 190.85 -
Less Loss allowance (refer note 26) (190.85) - (190.85) -
Total Loans
Break-up of security details
Loans considered good-secured 0.61 3.52 0.83 4.03
262
Loans considered good-unsecured 12.43 16.92 11.95 14.93
Loans which have significant increase in credit risk - - - -
Loans-credit impaired 190.85 - 190.85 -
Total 203.88 20.44 203.63 18.96
(190.85) - (190.85) -
Total Loans 13.03 20.44 12.78 18.96
263
Disclosure of notes on other non-current financial assets [Text Block]
Rs. in
Crore
March March March March

Note 6(c) Other financial assets
31, 2020 31, 2020 31, 2019 31, 2019
Non Non
Current Current
Current Current
Bank deposits - 0.21 - 0.54
Interest receivable from others 2.13 - 0.86 -
Facilitation fees receivable 2.02 - 2.65 -
Advances to employees 0.29 - 0.19 -
Claim recoverable 9.72 - 2.49 -
Government grant receivable - - 9.00 -
Export incentive 8.67 - 5.07 -
Total other financial assets 22.83 0.21 20.26 0.54
These comprises fixed deposits under lien and having maturity of more than
12 months from the balance sheet date.
264
Disclosure of notes on other non-current assets explanatory [Text Block]
Rs. In
Crore
March March
Note 9 Other non-current assets 31, 31,
2020 2019
(Unsecured considered good, unless otherwise stated)
Capital advances
- Related party (refer note 32) 1.15 2.17
- Others 0.10 3.17
Amounts paid under protest 3.93 1.76
Prepaid expenses 0.83 0.30
Prepaid operating lease for leasehold land - 1.84
Total other non-current assets 6.01 9.24
(i) Includes advance to companies in which Director of the Company is also a Director 1.15 2.17
Pursuant to the adoption of Ind AS 116, leased assets are presented as a separate line item in the balance
sheet as at 31 March 2020, see note 4(b). Refer to note 40 for details about the changes in accounting policy.
265
Disclosure of inventories Explanatory [Text Block]
Rs. In
Crore
March March
Note 10 Inventories 31, 31,
2020 2019
(At lower of cost and net realisable value)
Raw materials refer note(i) 1274.25 616.12
Finished goods refer note(ii) and (iii) 175.71 539.83
Stock-in-trade 22.71 28.96
Stores and spares 22.77 21.27
Total inventories 1495.44 1206.18
Notes
(i)Raw material includes commodities amounting to Rs 1,135.84 Crores (March 31, 2019 - Rs. 458.72
crores) expected to be consumed in manufacturing of milk and milk products.
(ii)Finished goods include manufactured commodities amounting to Nil (March 31, 2019 - Rs. 363.50
crores) carried at net realisable value, which have been earmarked by the Company to be sold in the open
market in the ordinary course of business. Also refer note (iii) below.
(iii)Amounts recognised in Profit & loss
(a)Write down of inventories to net realisable value amounted to Rs. Nil (March 31, 2019 - Rs.107.35
266
crores). These were recognised as an expense during the year and included in changes in value of
inventories of finished goods and stock-in-trade in Statement of Profit and Loss.
(b)Write down of slow moving/obsolete inventories amounting to Rs 9.65 crores (March 31, 2019 - Rs. 4.66
crores). These were recognised as an expense during the year and included in changes in value of
inventories of finished goods and stock-in-trade in Statement of Profit and Loss.
Critical judgement
Inventory is valued at cost or Net realisable value (NV), whichever is lower. Management on an ongoing
basis, determines the usage of manufactured commodities based on expected consumption patterns which
considers sales and procurement projections which are dependent on changing market conditions. If any
excess stock are identified to be offloaded then their expected realisable value are estimated which also
depend upon Companys strategy, plan and changing market conditions. The market conditions for usage
and prices could change due to various factors like cyclical pattern of milk production and its supply,
weather conditions, general economic environment etc.
During the year March 31, 2020, the management has made an estimate of inflow of fresh milk at an
estimated level of FAT and SNF content and sales of milk and milk products. Based on this, management is
expecting to consume the entire stock of commodities in house.
In addition to the above, management also assesses the write down for slow and obsolete inventory based
on market demands, discontinuation of certain SKUs and changes in regulatory environment. Because the
amounts are estimated, the written down provisions may differ from the final outcome
Description of accounting policy for measuring inventories [Text Block]

Inventories
267
Disclosure of notes on cash and bank balances explanatory [Text Block]
Rs. in
Crore
March 31, March 31,

Note 6(e) Cash and cash equivalents
2020 2019
Balance with banks
-In current accounts 12.48 2.20
Cheques, drafts on hand 2.99 1.46
Cash on hand 0.01 0.01
Total Cash and cash equivalents 15.48 3.67
Rs. in
Crore
March 31, March 31,

Note 6(f) Bank balances other than above
2020 2019
Bank deposits with original maturity of more than 3 months 51.00 47.76
Total Bank balances other than above 51.00 47.76
This includes deposits amounting to Rs. 51.00 Crore(March 31 2019 - Rs. 47.76 Crore) which are
268
pledged as security for loan Bank Guarantee
Disclosure of notes on other current financial assets explanatory [Text Block]
Rs. in
Crore

Note 6(c) Other financial assets
31, 2020 31, 2020 31, 2019 31, 2019
Non Non
Current Current
Current Current
Bank deposits - 0.21 - 0.54
Interest receivable from others 2.13 - 0.86 -
Facilitation fees receivable 2.02 - 2.65 -
Advances to employees 0.29 - 0.19 -
Claim recoverable 9.72 - 2.49 -
Government grant receivable - - 9.00 -
Export incentive 8.67 - 5.07 -
Total other financial assets 22.83 0.21 20.26 0.54
These comprises fixed deposits under lien and having maturity of more than
12 months from the balance sheet date.
269
Disclosure of notes on other current assets explanatory [Text Block]
Rs. in Crore
Note 11 Other current assets March 31, 2020 March 31, 2019
Unsecured , considered good
Advances to vendors 61.26 4.60
Prepaid expenses 5.93 5.02
Balances with Government authorities 41.68 32.68
Prepaid operating lease for leasehold land refer note 9 - 0.01
Other receivables from Related Party refer note 32 0.25 0.60
Other receivables 5.21 5.62
Unsecured, considered doubtful
Advances to vendors 0.29 0.29
Less Provisions for doubtful advance (0.29) (0.29)
Total other current assets 114.33 48.52
270
Disclosure of notes on provisions explanatory [Text Block]
Rs. in
Crore
As at As at As at As at
Note 15 Provisions
31, 31, 31, 31,
2020 2020 2019 2019
Non Non
Current Current
Current Current
(i)Employee benefit obligations
Compensated absences 89.32 - 73.37 -
Gratuity - 42.85 - 30.46
(ii)Others
Provision for litigation 3.54 - 3.01 -
Total provisions 92.86 42.85 76.38 30.46
(i) Information about individual provisions and significant estimates
Provision for litigation
The provision for litigation is on account of
a)Ongoing litigation relating to property tax for manufacturing unit at Bangalore levied
by the Gram Panchayat amounting Rs.3.46 crores (Rs.3.01 crores as at March 31,
2019).
b) On account of litigation relating to workmen compensation act which is awarded
271
against the Company amounting Rs. 0.08 crores (Rs. Nil as at March 31, 2019)
The ultimate liabilty on account of litigation may vary from the amount provided and is
dependent on the outcome of the relevant proceedings. The timing and probability of
the outflow if any with regard to the matter depends on the conclusion of this matter. No
reimbursements are expected in respect of this matter.
Refer below for movement of this provision.
Movement in provision for litigation Amount
Rs. in
Crore
As at March 31, 2018 2.56
Additional provision recognised 0.45
Amount reversed during the year -
As at March 31, 2019 3.01
Additional provision recognised 0.53
Amount reversed during the year -
As at March 31, 2020 3.54
272
Disclosure of notes on other current financial liabilities explanatory [Text Block]
Rs. in Crore
Note 14(d) Other financial liabilities March 31, 2020 March 31, 2019
Current maturities of long term borrowings-refer note 14(a) 21.00 9.00
Interest accrued but not due on borrowings-refer note 14(a) 0.46 0.17
Retention Earnest money deposit 26.23 28.90
Interest accrued on trade security deposits 3.98 1.31
Trade security deposits received 205.94 192.02
Book overdraft - 0.39
Superannuation payable 0.28 0.25
Capital creditors(related party) - refer note 32 0.52 8.09
Capital creditors(others) 13.36 15.69
Employees related payables 26.63 43.57
Foreign exchange forward contracts 0.06 0.03
Government grant payable - refer note 16 3.00 -
Total Other financial liabilities 301.46 299.42
273
Disclosure of other current liabilities notes explanatory [Text Block]
Rs. in Crore
Note 17 Other current liabilities March 31, 2020 March 31, 2019
Advance from customers 26.25 13.01
Statutory dues 11.22 15.57
Total other current liabilities 37.47 28.58
[401200] Notes - Additional disclosures on balance sheet
Details of shareholding pattern of promoters and public [Table] ..(1)

Shareholding pattern of promoters and public [Axis] Promoters [Member]
Classification based on nationality or origin [Axis] Indian [Member]
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Additional balance sheet notes [Abstract]
Details of shareholding pattern of promoters and public [Abstract]
Details of shareholding pattern of promoters and public [LineItems]
[shares]
Number of shares held by body corporate 25,00,00,070
[shares] 25,00,00,070
Percentage of shares held by body corporate 100.00% 100.00%

[shares]
Total number of shares 25,00,00,070
[shares] 25,00,00,070
Total of percentage shares 100.00% 100.00%
274
Details of disclosures required under MSMED Act 2006 [Table] ..(1)

Micro small medium enterprises [Axis] _MicroSmallMediumEnterprise_54 _MicroSmallMediumEnterprise_55
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Details of disclosures required under MSMED Act 2006 [Abstract]
Details of disclosures required under MSMED Act 2006 [Line items]
Principal and interest due remaining unpaid [Abstract]
Principal due remaining unpaid 15.84 6.12
Interest due remaining unpaid 0.03 0.03
Total principal and interest due remaining unpaid 15.87 6.15
Amount of interest paid under MSMED Act 2006 0 0
Amount of payments made to supplier beyond due date during year 1.55 1.93
Amount of interest due and payable for period 0.01 0.02
Amount of interest accrued and remaining unpaid at end of accounting
0.03 0.03
year
Amount of further interest due and payable even in succeeding year 0.06 0.03
275

01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Textual information
Disclosure of additional balance sheet notes explanatory [TextBlock] (104) [See below]
Contingent liabilities and commitments [Abstract]
Classification of contingent liabilities [Abstract]
Claims against company not acknowledged as debt 44.54 47.59
Guarantees 0 0
Other money for which company is contingently liable 0 0
Total contingent liabilities 44.54 47.59
Classification of commitments [Abstract]
Estimated amount of contracts remaining to be executed on
29.9 26.58
capital account and not provided for
Uncalled liability on shares and other investments partly paid 0 0
Other commitments 0 59.15
Total commitments 29.9 85.73
Non-Cancellable
Nature of other commitments Operating Leases
Total contingent liabilities and commitments 74.44 133.32
Details regarding dividends [Abstract]
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Amount of dividends proposed to be distributed to preference
0 0
shareholders
Amount of per share dividend proposed to be distributed to
[INR/shares] 0 [INR/shares] 0
preference shareholders
Arrears of fixed cumulative dividends on preference shares 0 0
Details of outstanding unutilised amounts received in respect of
issue of securities for specific purpose [Abstract]
Outstanding unutilised amounts received in respect of issue of
0 0
securities for specific purpose
Amount of unutilised amounts invested 0 0
Details of disclosures required under MSMED Act 2006 [Abstract]
Principal and interest due remaining unpaid [Abstract]
Details of disclosure regarding companies limited by guarantee
[Abstract]
Amount each member undertakes to contribute as per
memorandum of association in case of companies limited 0 0
by guarantee having share capital
Amount each member undertakes to contribute as per
memorandum of association in case of companies limited 0 0
by guarantee not having share capital
Disclosure of information on deviation from accounting standards
balance sheet [Abstract]
Financial effect of deviation from accounting standards balance sheet 0 0
Details of share capital held by foreign companies [Abstract]
Percentage of share capital held by foreign company 0.00% 0.00%
Value of share capital held by foreign company 0 0
Percentage of paid-up capital held by foreign holding company and
0.00% 0.00%
or with its subsidiaries
Value of paid-up capital held by foreign holding company and or
0 0
with its subsidiaries
Details of shareholding pattern of promoters and public [Abstract]
Number of shareholders promoters [pure] 1 [pure] 1
Number of shareholders public [pure] 0 [pure] 0
Total number of shareholders promoters and public [pure] 1 [pure] 1
Details of provision made by nidhi companies [Abstract]
Amount of provisions to be made on account of income reversal and
0 0
non-performing assets remaining unrealised
Cumulative amount provided till previous year 0 0
Amount provided in current year 0 0
Balance amount to be provided 0 0
Details of deposits [Abstract]
Deposits accepted or renewed during period 0 0
276
Deposits matured and claimed but not paid during period 0 0

Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Disclosure of equity share warrants [Abstract]
Changes in equity share warrants during period [Abstract]
Additions to equity share warrants during period [pure] 0 [pure] 0
Deductions in equity share warrants during period [pure] 0 [pure] 0
Total changes in equity share warrants during period [pure] 0 [pure] 0
Equity share warrants at end of period [pure] 0 [pure] 0 [pure] 0
Breakup of equity share warrants [Abstract]
Equity share warrants for existing members [pure] 0 [pure] 0
Equity share warrants for others [pure] 0 [pure] 0
Total equity share warrants [pure] 0 [pure] 0 [pure] 0
Details of share application money received and paid [Abstract]
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Share application money received and due for refund 0 0
Disclosure of whether all assets and liabilities are registered with
Yes Yes
company
Details on sweat equity shares [Abstract]
Amount of sweat equity shares issued 0 0
Details regarding cost records and cost audit[Abstract]
Details regarding cost records [Abstract]
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, Yes Yes
2014
If yes, Central Excise Tariff Act, heading in which product/ 15089091, 15121910, 15089091, 15121910,
service is covered under cost records 15149920, 15079010 15149920, 15079010
Details regarding cost audit [Abstract]
Whether audit of cost records of company has been mandated
Yes Yes
under Rules specified in SN 1
If yes, Central Excise Tariff Act, heading in which product/ 15089091, 15121910, 15089091, 15121910,
service is covered under cost audit 15149920, 15079010 15149920, 15079010
Net worth of company 265.6 429.78
Details of unclaimed liabilities [Abstract]
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Financial parameters balance sheet items [Abstract]
Investment in subsidiary companies 0 0
Investment in government companies 0 0
Amount due for transfer to investor education and protection fund
0 0
(IEPF)
Gross value of transactions with related parties 2,822.87 149.84
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0
Number of shareholders to whom shares are allotted under private
[pure] 0 [pure] 0
placement during period
277
Disclosure of additional balance sheet notes explanatory [Text Block]

Note 39 Research and development expenditure
Aggregate amount of expenditure incurred on research and development and included under the respective expense/fixed assets heads is as under
(Rs. In Crores)
A Revenue expenditure Year ended March 31, 2020 Year ended March 31, 2019
Employee benefits expense 6.10 5.85
Consumables 0.77 0.78
Travelling expenses 0.81 0.77
Others 1.59 1.54
Total 9.27 8.94
B Capital expenditure
Plant and equipment 0.45 0.24
Office equipment 0.01 0.22
Computers 0.04 0.01
Capital work-in-progress 1.09 1.80
Building - 0.39
Furnitures Fixtures - 0.30
Total 1.59 2.96
278
Note 31 Capital management
(a) Risk Management
The Companys objectives when managing capital are to safeguard their ability to continue as a going concern, so that they can continue to
provide returns to the shareholders and benefits for other stakeholders, and maintain an optimal capital structure to reduce the cost of capital.
In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return capital to
shareholders, issue new shares or sell assets to reduce debt. No changes were made in the objectives, policies or processes for managing capital
during the years ended March 31, 2020 and March 31, 2019.
The Company monitors capital on the basis of the following gearing ratio- Total debt divided by total equity (as shown in the balance sheet).
Gearing Ratio is as follows
Particulars
March 31, 2020
March 31, 2019
Total Debt-Long term
99.85
27.00
Total Equity
265.60
429.78
Gearing Ratio
37.60%
6.28%
The net debt to equity ratio for the current year increased from 24.85% to 37.60% following the adoption of Ind AS 116. Both net debt and gross
assets increased following the recognition of right-of-use assets and lease liabilities on 1 April 2019. See note 40 for further information.
(i)Loan covenants
Under the terms of the major borrowing facilities, the company is required to comply with the following financial covenants
March 31, 2020
March 31, 2019
Particulars
Without Exceptional Item
In times
In times
279
TOL/TNM not to exceed
3.45/ 3.80
3.74
DSCR minimum to be maintained
1.45
3.16
TOL - Total Outside Liability, TNW - Total Net Worth and DSCR - Debt Service Coverage Ratio
The Company has not complied with these covenants as at the reporting date and following are the actual financial covenants
March 31, 2020
March 31, 2019
Particulars
Without Exceptional Item
In times
In times
TOL/TNW
9.87
3.21
DSCR
(1.10)
3.63
The Company approached HDFC Bank seeking waiver on account of non-maintenance of the required financial covenants. HDFC Bank has vide
its letter dated September 24, 2020, revised the financial covenants for the financial year 2019-20 as under
March 31, 2020
March 31, 2019
Particulars
Revised
Actual Ratio
In times
In times
280
TOL/TNW
10.12
9.87
DSCR
(1.10)
(1.10)
(b) Dividends (Amount in Rs. Crores)
March 31, 2020
March 31, 2019
Equity shares
Dividend for the year ended March 31, 2019 of Rs Nil (March 31, 2018 - Rs. 0.40 ) per fully paid shares
10.00
Dividend distribution tax on above
2.06
Dividend for a year is paid in next financial year
12.06
(ii) Dividends not recognised at the end of the reporting period
In view of the losses incurred by the Company, Directors have not recommend any dividend for the year ended March 31, 2020 (31 March 2019
Rs. Nil per fully paid shares).
Note 41 Impact assessment of the global health pandemic - COVID-19 and related estimation uncertain - The COVID-19 pandemic has been
declared a global pandemic by the World Health Organisation has had an adverse impact on economy and business. The outbreak of COVID-19
and its rapid acceleration across the globe is a matter of concern. The Company continues to monitor the developments closely and is mindful of
the potential adverse impact on its business. The manifold disruptions in terms of Government announced lockdowns, challenges in running
production, managing supply and distribution network and fall in consumer spending pose risks that are multi-dimensional and rapidly evolving.
The dynamics of this situation make it difficult to fully assess the risk impact. However, Company is doing all it can to ensure business continuity
and working tirelessly to mitigate the risks. The nationwide lockdown from the last week of March 2020 announced by the Indian Government to
stem the spread of COVID-19 resulted in the operations in many of Companys manufacturing, distribution centers, warehouses and extended
supply chain partner locations getting temporarily disrupted. The Central and most State governments had started lifting the lockdown in phases
from May 2020 to allow economic activity to start.
Supply Chain disruptions in India as a result of the outbreak started with restrictions on movement of goods, closure of national and state borders
and also imposing of nationwide lockdown from the last week of March 2020 announced by the Indian Government, to stem the spread of
281
COVID-19. Due to this the operations in many of Companys manufacturing, distribution centers, warehouses and extended supply chain partner
locations got temporarily disrupted. Some of Companys packing material suppliers had to shut down their operations. However, the matter was
taken up with authorities and their operations were restarted within a week.
The Company was able to operate even during lock down period as the Company manufactures and supplies essential day-to-day products such as
Milk, Dairy Products, Ghee, Oil and Fruits & Vegetables etc. and a large part of Companys portfolio is considered essential to consumer
requirements in these challenging times. Milk business is more important to the Company since an estimated 60% of total revenues comes from
sale of liquid milk. During initial days, COVID 19 had affected the sales by 15-20% especially the sale of value added dairy products due to
lockdown. Major challenges were faced in logistics to carry out distribution and market supplies. Further, as a large number of private players
paired down their operations, the milk sourcing from villages by them came down resulting into increasing the raw milk inflow in the system.
The extent to which the business/operations of the company shall be impacted due to various uncertainties arising from Covid-19 shall depend on
future developments that are highly uncertain and it may take time for the demand to get fully to normalcy. The Company as a measure of
prudence has initiated the following actions
a) focus on reducing costs including deferment of expenses which are not business critical
b) managing customer exposure and continuous monitoring of their financial health
c) monitoring cash inflows and outflows basis rolling forecast, with specific focus on maintaining liquidity by actively following up for recovery
of receivables and managing vendor payments
d) rationalization of inventory levels, especially milk commodities
e) tuned Capex specific to business criticality
f) re-engineering operations to achieve efficiencies with limited physical manpower
In developing the assumptions relating to the possible future uncertainties in the economic conditions because of this pandemic, the Company has
used internal and external information such as the existing contract terms, cumulative knowledge, understanding of the business and current
indicators of future economic conditions, financial strength of partners, future volume estimates from the business etc. Having reviewed the
underlying data and based on current estimates, the Company has made assessments around going concern, recoverability of receivables and
carrying value of inventory and property, plant and equipment and no material adjustments are required to these financial statements.
In view of highly uncertain economic environment, a definitive assessment of the impact on the subsequent periods is highly dependent upon
circumstances as they evolve. Therefore, the actual impact may be different from that estimated as at the date of approval of these financial
statements and the Company will continue to closely monitor any material changes to the assumptions made or future economic conditions.
Note 42 Consequent to the amendment in schedule III to Companies Act, 2013, presentation of financial statements is amended to comply with
the new requirements
Note 43 Events Occuring after the reporting period
(a) Approval of financial statements - The financial statements were authorised for issue by the Board of Directors on September 25, 2020.
[611800] Notes - Revenue

01/04/2019
to
31/03/2020
Textual information
Disclosure of revenue [TextBlock] (105) [See below]
Textual information
Description of accounting policy for recognition of revenue [TextBlock] (106) [See below]
282
Disclosure of revenue [Text Block]
Rs. in Crore
March 31, March 31,

Note 18 Revenue from operations
2020 2019
Sale of products 10387.16 9489.31
Sale of services
-Processing fees 11.23 8.70
-Service charges 1.36 1.88
Other operating revenues
-Sale of scrap 10.30 5.26
-Rental income 9.93 12.55
Total revenue from operations 10419.98 9517.70
Rs. in Crore
Pursuant to adoption of Ind AS 115, following is the reconciliation of revenue recognised with March 31, March 31,
contract price 2020 2019
Contract price
Adjustments for 10532.51 9632.93
Discounts (112.53) (115.23)
283
Revenue from operations 10419.98 9517.70
Description of accounting policy for recognition of revenue [Text Block]

Revenue recognition
Sale of goods
and returns.
Other income
284
[612400] Notes - Service concession arrangements

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of service concession arrangements [TextBlock]
Whether there are any service concession arrangments No No
[612000] Notes - Construction contracts

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of notes on construction contracts [TextBlock]
Whether there are any construction contracts No No
285
[612600] Notes - Employee benefits
Disclosure of defined benefit plans [Table] ..(1)

Defined benefit
Domestic defined benefit plans [Member]
plans [Axis]
Defined benefit
plans categories _DomesticDefinedBenefitPlansMember_DefinedBenefitPlansCategory_87 _DomesticDefinedBenefitPlansMember_DefinedBenefitPlansCategory_88
[Axis]
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of
defined benefit
plans [Abstract]
Disclosure of
defined benefit
plans [Line items]
Description
Defined Benefit Plan : Gratuity Defined Benefit Plan : Gratuity
of type of plan
Surplus
(deficit) in plan
[Abstract]
Defined
benefit obligation, 98.69 85.14
at present value
Plan
assets, at fair value 55.84 54.68
Net
surplus (deficit) in -42.85 -30.46
plan
Entity's
own financial
instruments
0
included in fair
value of plan
assets
Property
occupied by entity
included in fair 0
value of plan
assets
Other
assets used by
entity included in 0
fair value of plan
assets
Actuarial
assumption of 6.76% 7.40%
discount rates
Actuarial
assumption of
5.00% 5.00%
expected rates of
salary increases
Estimate of
contributions
9.75 8.52
expected to be
paid to plan
286
Disclosure of net defined benefit liability (assets) [Table] ..(1)

Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Net defined benefit liability (assets) [Axis] Plan assets [Member]
Defined benefit plans categories [Axis] _DomesticDefinedBenefitPlansMember_PlanAssetsMember_DefinedBenefitPlansCategory_12
01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of net defined benefit liability (assets)
[Abstract]
Disclosure of net defined benefit liability (assets)
[Line items]
Description of type of plan Defined Benefit Plan : Gratuity Defined Benefit Plan : Gratuity
Changes in net defined benefit liability (assets)
[Abstract]
Current service cost, net defined benefit
liability 6.41 5.36
(assets)
Interest expense (income), net defined benefit
liability 2.25 1.59
(assets)
Gain (loss) on remeasurement, net defined
benefit
Return on plan assets, net defined benefit
liability 0.36 0.89
(assets)
Actuarial losses (gains) arising from changes
in
demographic assumptions, net defined benefit 0 0
liability (assets)
Actuarial losses (gains) arising from changes
in
-10.65 -9.69
financial assumptions, net defined benefit
liability (assets)
Loss (gain) on changes in effect of limiting
net defined
benefit assets to assets ceiling, net defined 0 0
benefit
liability (assets)
Total loss (gain) on remeasurement, net
defined -10.29 -8.8
benefit liability (assets)
Past service cost and gains (losses) arising from
settlements, net defined benefit liability

(assets) [Abstract]
Past service cost, net defined benefit liability
0 0
(assets)
Losses (gains) arising from settlements, net
defined 0 0
Net past service cost and gains (losses)
arising
0 0
from settlements, net defined benefit liability
(assets)
Increase (decrease) through changes in foreign
exchange rates, net defined benefit liability 0 0
(assets)
Contributions to plan, net defined benefit
liability
(assets) [Abstract]
Contributions to plan by employer, net
defined benefit 3.39 8.52
liability (assets)
Contributions to plan by plan participants, net
0 0
defined benefit liability (assets)
287
Total contributions to plan, net defined

benefit 3.39 8.52
liability (assets)
Payments from plan, net defined benefit
3.17 4.23
liability (assets)
Payments in respect of settlements, net
defined 0 0
combinations and 0 0
disposals, net defined benefit liability (assets)
Increase (decrease) through other changes, net
defined 0 0
Total increase (decrease) in net defined benefit
liability 12.39 3
(assets)
Net defined benefit liability (assets) at end of
42.85 30.46 27.46
period

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information
Disclosure of employee benefits [TextBlock] (107) [See below]
Disclosure of defined benefit plans [TextBlock]
Whether there are any defined benefit plans Yes Yes
Disclosure of net defined benefit liability (assets) [TextBlock]
288
Disclosure of employee benefits [Text Block]

Note 15(b) Employee benefit obligations
(i) Leave obligations
The leave obligations cover the Companys liability for sick and earned leaves.
The amount of the provision of Rs. 89.32 crores (March 31, 2019 Rs. 73.37 crores) is presented as current, since the Company does not have an
unconditional right to defer settlement for any of these obligations. However, based on past experience, the Company does not expect all
employees to take the full amount of accrued leave or require payment within the next 12 months. The following amounts reflect leave that is not
expected to be taken or paid within the next 12 months
Leave obligations not expected to be settled within the next 12 months 82.06 68.58
(ii) Post-employment obligations
(a) Gratuity
The group provides for gratuity for employees in India as per the Payment of Gratuity Act, 1972. Employees who are in continuous service for a
period of 5 years are eligible for gratuity. The amount of gratuity payable on retirement/termination is the employees last drawn basic salary per
month computed proportionately for 15 days salary multiplied for the number of years of service. The gratuity plan is a funded plan and the group
makes contributions to recognised funds in India. The group does not fully fund the liability and maintains a target level of funding to be
maintained over a period of time based on estimations of expected gratuity payments.
The gratuity scheme covers all regular employees. In the case of the gratuity scheme, the Company contributes to a trust administered by LIC of
India and make investments in approved securities. Commitments are actuarially determined at year-end. Actuarial valuation is done based on
Projected Unit Credit method.
Balance sheet amounts - Defined benefit plan Gratuity
I. In accordance with Indian Accounting Standard 19, an actuarial valuation was carried out in respect of the gratuity based on the following
significant assumptions
Assumptions March 31, 2020 March 31, 2019
289
Discount Rate 6.76% 7.40%
Employee turnover Below 30 Years - 3% Below 30 Years - 3%
Ages 31-44 Years - 2% Ages 31-44 Years - 2%
Ages 44 & Above - 1% Ages 44 & Above - 1%
Mortality Rate Indian Assured Lives Mortality (2012-14) Indian Assured Lives Mortality (2006-08)
Future Salary Increase 5.00% 5.00%
The discount rate assumed is determined by reference to market yield at the Balance Sheet date on government bonds. The estimates of future
salary increase, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant factors, such as supply and
demand in the employment market.
II (A) Present value of defined benefit obligation
Rs. In Crore
March 31, 2020 March 31, 2019
Current service cost 6.41 5.36
Interest cost 6.30 5.31
Remeasurements
Actuarial loss/(gain) arising from change in financial assumptions 3.89 0.54
Actuarial loss/(gain) arising on account of experience changes 6.76 9.16
Benefits paid (9.81) (11.94)
290
Balance as at the end of the year 98.69 85.14
II (B) Fair value of plan assets
Rs. In Crore
March 31, 2020 March 31, 2019
Actual return on plan assets 4.05 3.72
Employer Contributions 3.39 8.52
Benefits paid (6.64) (7.71)
Return on plan assets (greater)/less than discount rate 0.36 0.89
Balance as at the end of the year 55.84 54.68
II (C) The net liability disclosed above relates to funded and unfunded plans are as follows
Rs. In Crore
March 31, 2020 March 31, 2019
Present value of the obligation 98.69 85.14
Fair value of Plan assets (55.84) (54.68)
Liability/(asset) recognized at the end of the year 42.85 30.46
Recognised under
291
Non- current provisions 42.85 30.46
Total 42.85 30.46
The Company has no legal obligation to settle the deficit in the funded plans with an immediate contribution or additional one off contributions.
II (D) Expenses recognised in the statement of profit and loss
Rs. In Crore
March 31, 2020 March 31, 2019
Current service cost 6.41 5.36
Interest cost 2.25 1.59
Net Expense 8.66 6.95
II (E) Actuarys estimate of contributions for the next financial year is Rs. 9.75 crores (previous year Rs. 8.52 crores).
II (F) Expenses (gains) recognized in other comprehensive income
Rs. In Crore
Gratuity (funded) Gratuity (funded)
March 31, 2020 March 31, 2019
Actuarial (gains)/losses on Obligation for the period 10.65 9.69
Return on plan assets (greater)/less than discount rate (0.36) (0.89)
10.29 8.80
292
II (G) Investment details of plan assets
The plan assets are maintained with the Life Insurance Corporation of India and other approved securities. The details of investment maintained
by Life Insurance Corporation of India are not available with the Company and therefore have not been disclosed.
The expected return on plan assets is determined considering several applicable factors mainly the composition of plan assets held, assessed risk
of asset management, historical result of the return on plan assets.
II (H) The major categories of plans assets are as follow
Rs. In Crore
March 31, March 31, March 31, March 31,

2020 2020 2019 2019
Particulars Amount in percentage Amount in percentage
Government of India Securities (Central and State) 23.36 41.83% 24.06 44.00%
High quality corporate bonds (including Public Sector

22.22 39.80% 21.87 40.00%
Bonds)
Schemes of insurance - conventional products 10.20 18.27% 7.66 14.00%
Other (including FDs & Special Deposits) 0.06 0.10% 1.09 2.00%
Total 55.84 100.00% 54.68 100.00%
II (I) Sensitivity analysis
The sensitivity of the defined benefit obligation to changes in the weighted principal assumptions is
Impact on defined Impact on defined Impact on defined Impact on defined

benefit obligations benefit obligations benefit obligations benefit obligations
Change in Change in Increase in Increase in Decrease in Decrease in

assumptions assumptions assumptions assumptions assumptions assumptions
293
March 31, March 31,

Particulars March 31, 2020 March 31, 2019 March 31, 2020 March 31, 2019
2020 2019
Discount
0.50% -0.50% -3.12% -3.07% 3.32% 3.26%
rate
Salary
0.50% -0.50% 3.36% 3.32% -3.19% -3.15%
increase
Employee
0.50% -0.50% 0.66% 3.67% 0.00% 0.00%
turnover
5.5% 3.67% and 1.83% is used for 30/44/58 age brackets respectively.
The above sensitivity analysis are based on a change in an assumption while holding all other assumptions constant. In practice, this is unlikely to
occur, and changes in some of the assumptions may be co-related. When calculating the sensitivity of the gratuity to significant actuarial
assumptions the same method (present value of the gratuity calculated with the projected unit credit method at the end of the reporting period) has
been applied as when calculating the gratuity liability recognised in the balance sheet.
II (J) The weighted average duration of defined benefit obligation is 8 years (March 31, 2019 s8 years). The expected maturity analysis of
undiscounted gratuity is as follows
Rs. In Crore
March 31, 2020 March 31, 2019
1st year 9.58 6.45
2nd year 10.28 10.02
3rd year 10.25 9.59
4th year 9.68 11.37
5th year 8.48 11.30
6 to 10 years 50.42 60.14
294
98.69 108.87
II (K) Risk exposure
Through its defined benefit plans, the Company is exposed to a number of risks, the most significant of which are detailed below
Asset volatility - The plan assets are calculated using a discount rate set with reference to bond yields if plan assets underperform this yield, there
will be a deficit of the plan asset investments in fixed income securities with high grades and in government securities. These are subject to
interest rate risk and the fund manages interest rate risk with derivatives to minimise risk to an acceptable level.
Changes in bond yields - The defined benefit obligation calculated uses a discount rate based on government bonds. If bond yields fall, the
defined benefit obligation will tend to increase.
Inflation risks - The payments are not linked to inflation, so this is a less material risk.
Life expectancy - Obligations are to provide benefits for the life of the member, so increases in life expectancy and inflation will result in an
increase in the plans liabilities. This is particularly significant where inflationary conditions result in higher sensitivity to changes in life
expectancy.
(iii) Defined Contribution Plans
a) Provident Fund
Contribution towards provident fund for certain employees is made to the regulatory authorities, where the Company has no further obligations.
Such benefits are classified as Defined Contribution Schemes as the Company does not carry any further obligations, apart from the contributions
made on a monthly basis. In respect of certain employees, Provident Fund contributions are made to a Trust administered by the Company. The
Companys liability is actuarially determined (using the Projected Unit Credit method) at the end of the year. Actuarial losses/gains are recognised
in the Statement of Profit and Loss in the year in which they arise.
Paragraph 29 of Ind AS 19 Employee Benefits states that Provident Funds set up by employers that guarantee a specified rate of return and which
require interest shortfall to be met by the employer would be defined benefit plans in accordance with the requirements of paragraph 30(a) of Ind
AS 19. Pursuant to the aforementioned, the Company has accounted for the liability in respect of the shortfall of interest earnings of Provident
Fund aggregating to Rs 3.85 Crs (March 31, 2019 Nil) determined on the basis of an actuarial valuation carried out as at Balance Sheet date.
Contribution made by the Company during the year is Rs. 15.38 Crs (Previous year Rs. 20.07 Crs).
Rs. In Crore
Gross actuarial liability 1.10 0.89
295
Fund reserves & surplus (2.75) 0.89
Net liability 3.85 -
In accordance with Indian Accounting Standard 19, an actuarial valuation was carried out in respect of the provident fund based on the following
significant assumptions
Rs. In Crore
Assumptions March 31, 2020 March 31, 2019
Discount Rate 6.76% 7.40%
Estimated Rate of Return on

8.47% p.a for first four years 8.75% p.a for first four years
Exempt fund
8.47% p.a thereafter 8.70% p.a thereafter
Expected EPFO Return 8.65% p.a for first year 8.65% p.a for first year
8.65% p.a thereafter 8.60% p.a thereafter
Indian Assured Lives Mortality Indian Assured Lives Mortality (2006-08)

Mortality Rate
(2012-14) ultimate (modified) ultimate
Age-Rate Age-Rate
Below 30 years-3% Below 30 years-3%

Withdrawal Rate
31-44 years-2% 31-44 years-2%
44 years & above-1% 44 years & above-1%
The above disclosures are based on information to the extent available in the actuarial certificate.
(iv)Employee benefits Contribution plans
The Company has charged the following costs in the Statement of Profit and Loss under the head Contribution to provident and other funds in
296
Note 22 - Employee benefit expenses.
Rs. In Crore
March 31, 2020 March 31, 2019
Provident fund 24.16 20.02
Employees State Insurance 0.13 0.25
Labour welfare funds 0.004 0.006
Superannuation fund 1.80 2.03
Total 26.09 22.30
[612800] Notes - Borrowing costs

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of borrowing costs [TextBlock]
Whether any borrowing costs has been capitalised during the year Yes Yes
Borrowing costs [Abstract]
Borrowing costs capitalised 0.44 1.45
Borrowing costs recognised as expense 46.29 34.82
Total borrowing costs incurred 46.73 36.27
Interest costs [Abstract]
Interest costs capitalised 0 0
Interest expense 9.66 6.77
Total interest costs incurred 9.66 6.77
Capitalisation rate of borrowing costs eligible for capitalisation 7.75% 8.10%
297
[700100] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Key managerial
personnels and _KeyManagerialPersonnelsAndDirector_91 _KeyManagerialPersonnelsAndDirector_92 _KeyManagerialPersonnelsAndDirector_93 _KeyManagerialPerso
directors [Axis]
01/04/2019 01/04/2019 01/04/2019
to to to
31/03/2020 31/03/2020 31/03/2020
Disclosure of key
managerial
personnels and
directors and
remuneration to
key managerial
personnels and
directors
[Abstract]
Disclosure of
key managerial
personnels and
directors
and
remuneration to key
managerial
personnels and
directors
[LineItems]
Name of key
managerial SANGRAMSINH RAYSANGBHAI
DILIP RATH SANJEEV KHANNA SAUGATA MITRA
personnel or CHAUDHARY
director
Director
identification
number of key
05163623 02607765 01850128 00541858
managerial
personnel or
director
Permanent
account number of
key managerial AFOPR3828N AKBPK6617J ABEPC1030D AAJPM2221Q
personnel or
director
Date of birth
of key managerial
15/11/1954 10/07/1960 06/09/1960 25/07/1964
personnel or
director
Designation of
key managerial
Director Managing Director Director Whole Time Director
personnel or
director
Qualification
of key managerial Science Graduate with a degree in Master of
MA (Eco), MSc (Eco) Post Graduate Diploma in Rural Management MA (Sociology), Master
personnel or Management Studies
director
Shares held by
key managerial
personnel or
director
Key
managerial
personnel or
director
remuneration
[Abstract]
298
Gross salary
to key managerial
personnel or
director
[Abstract]
Gross
salary to key
managerial 0 0 0
personnel or
director
Total key
managerial
personnel or
0 0 0
director
remuneration
299
Key managerial
personnels and _KeyManagerialPersonnelsAndDirector_95 _KeyManagerialPersonnelsAndDirector_96 _KeyManagerialPersonnelsAndDirector_97 _KeyManagerialPerso
directors [Axis]
01/04/2019 01/04/2019 01/04/2019
to to to
31/03/2020 31/03/2020 31/03/2020
Disclosure of key
managerial
personnels and
directors and
remuneration to
key managerial
personnels and
directors
[Abstract]
Disclosure of
key managerial
personnels and
directors
and
remuneration to key
managerial
personnels and
directors
[LineItems]
Name of key
managerial
DEEPAK TIKKU ROSHAN LOUIS JOSEPH OMVEER SINGH SHARAD SHARMA
personnel or
director
Director
identification
number of key
00064125 02053857 02702981 05160057
managerial
personnel or
director
Permanent
account number of
key managerial AAEPT2718A ADZPJ3039J ABNPS7234G AJVPS4400L
personnel or
director
Date of birth
of key managerial
19/06/1948 27/12/1950 18/10/1962 02/04/1956
personnel or
director
Designation of
key managerial
Director Independent Director Director Independent Director
personnel or
director
Qualification
B.A.(Eco) Honours from shri Ram College,
of key managerial Doctorate Degree in Agriculture (Plant Bachelor of Arts,
B.E DU & MBA from University of Dayton, Ohio,
personnel or Breeding) Literature and Modern H
USA
director
Shares held by
key managerial
personnel or
director
Key
managerial
personnel or
director
remuneration
[Abstract]
Gross salary
to key managerial
personnel or
director
[Abstract]
300
Gross
salary to key
managerial 0 0 0
personnel or
director
Total key
managerial
personnel or
0 0 0
director
remuneration
Key managerial personnels and directors [Axis] _KeyManagerialPersonnelsAndDirector_99
01/04/2019
to
31/03/2020
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels
and
directors [Abstract]
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels
and
directors [LineItems]
Name of key managerial personnel or director ARUN RASTE
Director identification number of key managerial personnel or director 08561128
Permanent account number of key managerial personnel or director AAAPR7197M
Date of birth of key managerial personnel or director 31/08/1961
Designation of key managerial personnel or director Director
Economics graduate with diploma in
Qualification of key managerial personnel or director Marketing, Communicaton and Journalism
Shares held by key managerial personnel or director [shares] 0
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Gross salary to key managerial personnel or director 0
Total key managerial personnel or director remuneration 0
[612200] Notes - Leases
Disclosure of finance lease and operating lease by lessee [Table] ..(1)

Later than one year and not later than
Maturity [Axis] Not later than one year [Member]
five years [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of finance lease and operating lease by
lessee [Abstract]
Disclosure of finance lease and operating lease
by lessee [Line items]
Minimum finance lease payments payable 0 0 0 0
Minimum finance lease payments payable at
0 0 0 0
present value
Future finance charge on finance lease 0 0 0 0
Minimum lease payments payable under
0 3.08 0 8.69
non-cancellable operating lease
Minimum lease payments of arrangements
that include payments for non lease 0 0 0 0
elements
Minimum lease payments of other
arrangements that do not include 0 0 0 0
payments for non-lease elements
301
Disclosure of finance lease and operating lease by lessee [Table] ..(2)

Maturity [Axis] Later than five years [Member]
31/03/2020 31/03/2019
Disclosure of finance lease and operating lease by lessee [Abstract]
Disclosure of finance lease and operating lease by lessee [Line items]
Minimum finance lease payments payable 0 0
Minimum finance lease payments payable at present value 0 0
Future finance charge on finance lease 0 0
Minimum lease payments payable under non-cancellable operating lease 0 47.38
Minimum lease payments of arrangements that include payments for non lease
0 0
elements
Minimum lease payments of other arrangements that do not include payments for
0 0
non-lease elements

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information Textual information
Disclosure of leases [TextBlock] (108) [See below] (109) [See below]
Whether company has entered into any lease agreement Yes Yes
Disclosure of recognised finance lease as assets by lessee [TextBlock]
Disclosure of finance lease and operating lease by lessee [TextBlock]
Contingent rents recognised as expense classified as finance lease 0 0
Contingent rents recognised as expense, classified as operating lease 0 0
Total contingent rents recognised as expense 0 0
Sublease payments recognised as expense 0 0
Minimum operating lease payments recognised as expense 0 59.15
Total lease and sublease payments recognised as expense 0 59.15
Expected future minimum sublease payments receivable under
0 0
non-cancellable subleases, classified as finance lease
Expected future minimum sublease payments receivable under non
0 0
cancellable subleases, classified as operating lease
Disclosure of finance lease and operating lease by lessor [TextBlock]
Contingent rents recognised as income classified as finance lease 0 0
Contingent rents recognised as income classified as operating lease 0 0
Total contingent rents recognised as income 0 0
Whether any operating lease has been converted to financial lease or
No No
vice-versa
302
Disclosure of leases [Text Block]
Note 4(b) Leases
This note provides information for leases where the Company is a lessee. For leases where the
Company is a lessor, see Note 4(a). The Company leases various offices, land and building,
warehouses, retail stores and equipment. Rental contracts are typically made for fixed periods of 6
months to 30 years, but may have extension options as described in (ii) below.
(i) Amounts recognised in balance sheet
The balance sheet shows the following amounts relating to leases
April
March
1,
31,2020
2019
Right-of-use assets 26.17 25.16
Land and Building 16.99 5.42
Plant and Machinery 1.23 2.69
Equipment 44.39 33.27
Total
April
March
1,
31,2020
2019
Lease Liabilities
Current 9.59 4.79
Non-current 33.85 25.28
303
Total 43.44 30.07
In the previous year, the Company only recognised lease assets and lease liabilities in relation to
leases that were classified as finance lease under Ind AS 17, Leases. The assets were presented in
property, plant and equipment and the liabilities as part of the Companys borrowings and other
financial liabilities. For adjustments recognised on adoption of Ind AS 116 on 1 April 2019, please
refer to note 40.
Additions to the right-of-use assets (RoU) during the current financial year were INR 20.62 crores.
(ii) Amounts recognised in the statement of profit and loss
Rs. in
The statement of profit or loss shows the following amounts relating to leases
Crores
March March
Notes 31, 31,
2020 2019
Depreciation charge of right-of-use assets
Land and Building 3.45 -
Plant and Machinery 4.59 -
Equipment 1.46 -
Total 24 9.50 -
March March
Notes 31, 31,
2020 2019
Interest expense (included in finance costs) 23 3.25 -
Expense relating to short-term leases (included in other expenses) 25 74.85 -
304
Expense relating to leases of low-value assets that are not shown above as short-term leases
25 0.06 -
(included in other expenses)
Expense relating to variable lease payments not included in lease liabilities 25 39.04 -
The total cash outflow for leases for the year ended 31 March 2020 was Rs.10.18 crores.
(i) Variable lease payments
Some property leases contain variable payment terms that are linked to production from
processing/packaging facility. For individual facility, up to 100 percent of lease payments are on the
basis of variable payment terms. Variable payment terms are used for a variety of reasons, including
minimising the fixed costs base. Variable lease payments that depend on production are recognised
in profit or loss in the period in which the condition that triggers those payments occurs.
(ii) Extension and termination options
Extension and termination options are included in a number of property and equipment leases
across the Company. These are used to maximise operational flexibility in terms of managing the
assets used in the Companys operations. The majority of extension and termination options held are
exercisable only by the Company and not by the respective lessor.
The Company has entered into long term leasehold land agreements in respect of certain parcel of
land for a period upto 30 years. These leases have been classified as RoU assets. The title deeds of
immovable properties, as disclosed above, are held in the name of the Company, except for certain
parcels of leasehold land amounting to Rs.0.73 Crores (Mar 31, 2019- Rs.0.73 crores) that are in the
name of Mother Dairy Foods Processing Limited (erstwhile wholly owned subsidiary of the Company
which was amalgamated with the Company w.e.f from April 1, 2006) which are pending transfer in
the name of Company in the revenue records.
305
Disclosure of leases [Text Block]

(b) Non-cancellable operating leases
The company leases various offices, warehouses and retail stores under non-cancellable operating leases expiring within two to seven years. The
leases have varying terms, escalation clauses and renewal rights. On renewal, the terms of the leases are renegotiated. From 1 April 2019, the
company has recognised right-of-use assets for these leases, except for short-term leases, see note 4(b) and note 40 for further information.
Rs. in Crore
March 31, 2020 March 31, 2019
Within one year - 3.08
Later than one year but not later than five years - 8.69
Later than five years - 47.38
[612300] Notes - Transactions involving legal form of lease

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of arrangements involving legal form of lease [TextBlock]
Whether there are any arrangements involving legal form of lease No No
[612900] Notes - Insurance contracts

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of insurance contracts [TextBlock]
Whether there are any insurance contracts as per Ind AS 104 No No
Disclosure of amounts arising from insurance contracts [TextBlock]
Deferred acquisition costs arising from insurance contracts 0 0
Deferred acquisition costs arising from insurance contracts at end
0 0
of period
Reinsurance assets at end of period 0 0
306
[613100] Notes - Effects of changes in foreign exchange rates

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of effect of changes in foreign exchange rates [TextBlock]
Whether there is any change in functional currency during the year No No
Description of functional currency INR INR
Description of presentation currency INR
[500100] Notes - Subclassification and notes on income and expenses
Miscellaneous other operating revenues [Table] ..(1)

Miscellaneous other
operating revenues _MiscellaneousOtherOperatingRevenue_56 _MiscellaneousOtherOperatingRevenue_57 _MiscellaneousOtherOperatingRevenue_58 _MiscellaneousOthe
[Axis]
01/04/2019 01/04/2019 01/04/2018
to to to
31/03/2020 31/03/2020 31/03/2019
Disclosure of other
operating revenues
[Abstract]
Other operating
revenues [Abstract]
Miscellaneous
other operating 10.3 9.93 5.26
revenues
Miscellaneous
other operating
revenues [Abstract]
Miscellaneous
other operating
revenues
[LineItems]
Description of
miscellaneous other
Sale of scrap Rental Income Sale of scrap Rental Income
operating
revenues
Miscellaneous
other operating 10.3 9.93 5.26
revenues
307

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from operations [Abstract]
Textual information
Disclosure of notes on revenue from operations explanatory [TextBlock] (110) [See below]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 10,387.16 9,489.31
Revenue from sale of services 12.59 10.58
Other operating revenues 20.23 17.81
Other operating revenues 20.23 17.81
Total revenue from operations other than finance company 10,419.98 9,517.7
Disclosure of revenue from operations for finance company [Abstract]
Revenue from interest 0 0
Revenue from other financial services 0 0
Total revenue from operations finance company 0 0
Total revenue from operations 10,419.98 9,517.7
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Net gain/loss on foreign currency fluctuations treated as other
0 0
operating revenue
Miscellaneous other operating revenues 20.23 17.81
Total other operating revenues 20.23 17.81
Total other operating revenues 20.23 17.81
Miscellaneous other operating revenues [Abstract]
Miscellaneous other operating revenues 20.23 17.81
Disclosure of other income [Abstract]
Textual information
Disclosure of notes on other income explanatory [TextBlock] (111) [See below]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 0 0
Interest from customers on amounts overdue, current investments 0 0
Interest on current intercorporate deposits 0 1.13
Interest on current debt securities 0 0
Interest on current government securities 0 0
Interest on other current investments 0 0
Total interest income on current investments 0 1.13
Interest income on non-current investments [Abstract]
Interest on fixed deposits, non-current investments 0 0
Interest from customers on amounts overdue, non-current
0 0
investments
Interest on non-current intercorporate deposits 0 0
Interest on non-current debt securities 0 0
Interest on non-current government securities 0 0
Interest on other non-current investments 0 0
Total interest income on non-current investments 0 0
Total interest income 0 1.13
Dividend income [Abstract]
Dividend income current investments [Abstract]
Dividend income current investments from subsidiaries 0 0
Dividend income current equity securities 0 0
Dividend income current mutual funds 0 0
Dividend income current investments from others 0 0
Total dividend income current investments 0 0
Dividend income non-current investments [Abstract]
Dividend income non-current investments from subsidiaries 0 0
Dividend income non-current equity securities 0 0
Dividend income non-current mutual funds 0 0
Dividend income non-current investments from others 0 0
Total dividend income non-current investments 0 0
Total dividend income 0 0
Other non-operating income [Abstract]
308
Net gain (loss) on foreign currency fluctuations treated as other

income [Abstract]
Net gain (loss) on foreign currency translation 1.87 -0.71
Net gain (loss) on derivatives -0.06 -0.03
Other net gain (loss) on foreign currency fluctuations treated
-3.29 -0.72
as other income
Total net gain/loss on foreign currency fluctuations treated as
-1.48 -1.46
other income
Surplus on disposal, discard, demolishment and destruction of
0 0
depreciable property, plant and equipment
Gain on disposal of intangible Assets 0 0
Amount credited to profit and loss as transfer from
revaluation reserve on account of additional 0 0
depreciation charged on revalued tangible assets
Excess provision diminution in value investment written back 0 0
Excess provisions bad doubtful debts advances written back 0 0
Income government grants subsidies 0 1.06
Income export incentives 5.18 4.55
Income import entitlements 0 0
Income insurance claims 0 0
Income from subsidiaries 0 0
Interest on income tax refund 0 2.17
Income on brokerage commission 0 0
Income on sales tax benefit 0 0
Excess provisions written back 0 0
Liabilities written off 4.18 3.77
Other allowances deduction other income 0 0
Miscellaneous other non-operating income 19.27 19.5
Total other non-operating income 27.15 29.59
Income from pipeline transportation 0 0
Total other income 27.15 30.72
Disclosure of finance cost [Abstract]
Textual information
Disclosure of notes on finance cost explanatory [TextBlock] (112) [See below]
Interest expense [Abstract]
Interest expense non-current loans [Abstract]
Interest expense non-current loans, banks 0 0
Interest expense non-current loans, others 0 0
Total interest expense non-current loans 0 0
Interest expense current loans [Abstract]
Interest expense current loans, banks 0 0
Interest expense current loans, others 0 0
Total interest expense current loans 0 0
Interest expense deposits 0 0
Interest expense debt securities 0 0
Interest expense other borrowings 0 0
Interest expense borrowings 46.29 34.82
Interest lease financing 3.25 0
Other interest charges 4.98 5.18
Total interest expense 54.52 40
Dividend on preference shares treated as debt 0 0
Other borrowing costs 1.43 1.59
Net gain/loss on foreign currency transactions and translations
0 0
treated as finance costs
Total finance costs 55.95 41.59
Employee benefit expense [Abstract]
Textual information
Disclosure of notes on employee benefit expense explanatory [TextBlock] (113) [See below]
Salaries and wages 265.72 288.66
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 1.93 2.87
Commission to directors 0 0
Other benefits to directors 0 0
Total remuneration to directors 1.93 2.87
Remuneration to manager [Abstract]
309
Salary to manager 0 0
Commission to manager 0 0
Other benefits to manager 0 0
Total remuneration to manager 0 0
Total managerial remuneration 1.93 2.87
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for contract labour 0 0
Contribution to provident and other funds for others 26.09 22.3
Total contribution to provident and other funds 26.09 22.3
Employee share based payment [Abstract]
Employee share based payment- Cash settled 0 0
Employee share based payment- Equity settled 0 0
Total employee share based payment 0 0
Commission employees 0 0
Employee medical insurance expenses 0 0
Leave encashment expenses 0 0
Gratuity 8.66 6.95
Pension schemes 0 0
Voluntary retirement compensation 0 0
Other retirement benefits 0 0
Staff welfare expense 17.28 19.71
Other employee related expenses 30.66 23.36
Total employee benefit expense 350.34 363.85
Depreciation, depletion and amortisation expense [Abstract]
Disclosure of notes on depreciation, depletion and amortisation Textual information
expense explanatory [TextBlock] (114) [See below]
Depreciation expense 107.91 91.61
Amortisation expense 1.11 1.55
Total depreciation, depletion and amortisation expense 109.02 93.16
Breakup of other expenses [Abstract]
Textual information
Disclosure of notes on other expenses explanatory [TextBlock] (115) [See below]
Consumption of stores and spare parts 34.97 37.76
Power and fuel 110.95 102.16
Rent 90.1 97.69
Repairs to building 8.33 9.88
Repairs to machinery 27.76 25.52
Insurance 4.36 3.78
Rates and taxes excluding taxes on income [Abstract]
Excise duty 0 0
Purchase tax 0 0
Other cess taxes 0 0
Cost taxes other levies by government local authorities 0 0
Provision wealth tax 0 0
Total rates and taxes excluding taxes on income 0 0
Research development expenditure 0 0
Subscriptions membership fees 0 0
Electricity expenses 0 0
Telephone postage 0 0
Printing stationery 0 0
Information technology expenses 0 0
Travelling conveyance 23.81 25.09
Catering canteen expenses 0 0
Entertainment expenses 0 0
Legal professional charges 49.3 52.57
Training recruitment expenses 0 0
Vehicle running expenses 0 0
Safety security expenses 0 0
Directors sitting fees 0.13 0.12
Commission to directors other than whole time director or managing
0 0
director or manager
Donations subscriptions 0 0
Books periodicals 0 0
Seminars conference expenses 0 0
Registration filing fees 0 0
310
Custodial fees 0 0
Bank charges 0 0
Guest house expenses 0 0
Advertising promotional expenses 65.61 91.95
After sales service expenses 0 0
Warranty claim expenses 0 0
Commission paid sole selling agents 0 0
Commission paid other selling agents 0 0
Commission paid sole buying agents 0 0
Transportation distribution expenses 304.26 272.78
Secondary packing expenses 0 0
Discounting charges 0 0
Guarantee commission 0 0
Cost repairs maintenance other assets 0 0
Cost transportation [Abstract]
Cost freight 0 0
Cost octroi 0 0
Cost loading and unloading 0 0
Cost other transporting 0 0
Total cost transportation 0 0
Cost lease rentals 0 0
Cost effluent disposal 0 0
Provision for cost of restoration 0 0
Cost warehousing 0 0
Cost water charges 0 0
Cost technical services 0 0
Cost royalty 0 0
Impairment loss on financial assets [Abstract]
Impairment loss on financial assets trade receivables 0 0
Impairment loss on financial assets loans and advances 0 0
Impairment loss on financial assets investments 0 0
Impairment loss on financial assets other 0 0
Total impairment loss on financial assets 0 0
Impairment loss on non financial assets [Abstract]
Impairment loss on property plant and equipment 0 0
Impairment loss on intangible assets 0 0
Impairment loss on investment property 0 0
Impairment loss on non-financial assets, others 0 0
Total impairment loss on non-financial assets 0 0
Net provisions charged [Abstract]
Provision warranty claims created 0 0
Provision statutory liabilities created 0 0
Provision restructuring created 0 0
Other provisions created 0 0
Total net provisions charged 0 0
Discount issue shares debentures written off [Abstract]
Discount issue shares written off 0 0
Discount issue debentures written off 0 0
Total discount issue shares debentures written off 0 0
Loss on disposal of intangible Assets 0 0
Loss on disposal, discard, demolishment and destruction of
0 0
depreciable property plant and equipment
Contract cost [Abstract]
Site labour supervision cost contracts 0 0
Material cost contract 0 0
Depreciation assets contracts 0 0
Cost transportation assets contracts 0 0
Hire charges assets contracts 0 0
Cost design technical assistance contracts 0 0
Warranty cost contracts 0 0
Other claims contracts 0 0
Sale material scrap other assets contracts 0 0
Overhead costs apportioned contracts [Abstract]
Insurance cost apportioned contract 0 0
Design technical assistance apportioned contracts 0 0
311
Other overheads apportioned contracts 0 0

Total overhead costs apportioned contracts 0 0
Total contract cost 0 0
Cost dry wells 0 0
Operating and maintenance cost of emission and other pollution
0 0
reduction equipments
Payments to auditor [Abstract]
Payment for audit services 0.75 0.75
Payment for taxation matters 0.04 0.04
Payment for company law matters 0 0
Payment for other services 0.03 0.03
Payment for reimbursement of expenses 0.14 0.14
Total payments to auditor 0.96 0.96
Payments to cost auditor [Abstract]
Payment for cost audit charges 0.04 0.04
Payment for cost compliance report 0 0
Payment for other cost services 0 0
Payment to cost auditor for reimbursement of expenses 0 0
Total payments to cost auditor 0.04 0.04
CSR expenditure 1.22 2.16
Miscellaneous expenses 232.97 224.75
Total other expenses 954.77 947.21
Current tax [Abstract]
Current tax pertaining to previous years -2.26 4.29
Current tax pertaining to current year 0 13.31
MAT credit recognised during year 0 0
Total current tax -2.26 17.6
312
Disclosure of notes on revenue from operations explanatory [Text Block]
Rs. in Crore
March 31, March 31,

Note 18 Revenue from operations
2020 2019
Sale of products 10387.16 9489.31
Sale of services
-Processing fees 11.23 8.70
-Service charges 1.36 1.88
Other operating revenues
-Sale of scrap 10.30 5.26
-Rental income 9.93 12.55
Total revenue from operations 10419.98 9517.70
Rs. in Crore
Pursuant to adoption of Ind AS 115, following is the reconciliation of revenue recognised with March 31, March 31,
contract price 2020 2019
Contract price
Adjustments for 10532.51 9632.93
Discounts (112.53) (115.23)
313
Revenue from operations 10419.98 9517.70
314
Disclosure of notes on other income explanatory [Text Block]
Note19 Other income and other gains (losses) Rs. in Crore
March 31, March 31,

(a)Other income
2020 2019
Interest income from financial assets at amortised cost
(i)Deposits with banks 3.25 3.04
(ii)Inter corporate deposits - 1.13
(iii)Others - refer note(i) 1.38 0.82
Government grants(refer note 16) - 1.06
Interest on Income tax refund - 2.17
Export incentives 5.18 4.55
Liabilities/provisions no longer required written back 4.18 3.77
Facilitation income 7.24 8.74
Miscellaneous income 7.40 6.90
Total other income 28.63 32.18
Note(i) Others includes interest on Loan to Farmer Producer Company, housing loan, vehicle loan,
security deposits etc
Rs. in Crore
315
(b)Other gains (losses) March 31, March 31,

2020 2019
Net gain on foreign currency transaction and translations 1.87 (0.71)
Fair value losses on derivatives not designated as hedges (0.06) (0.03)
Profit(Loss) on retirement sale of assets (3.29) (0.72)
Total other gain(losses) (1.48) (1.46)
Total(a+b) 27.15 30.72
316
Disclosure of notes on finance cost explanatory [Text Block]
Rs. in
Crore
March March
Note 23 Finance costs 31, 31,
2020 2019
(a) Interest expense on
(i) Borrowings 46.73 36.27
Less Amount capitalised (refer note below) (0.44) (1.45)
46.29 34.82
(ii) Others
Interest on trade/security deposits/MSME 4.98 5.06
Interest on delayed payment of income tax - 0.12
4.98 5.18
(iii) Interest and finance charges on lease liabilities and financial liabilities not at fair value through profit and
3.25 -
Loss
3.25 5.18
(b) Bank Charges and Others 1.43 1.59
Total finance costs 55.95 41.59
317
Note - The Capitalisation rate used to determine the amount of borrowings costs to be capitalised is the
weighted average interest rate applicable to the entitys specific borrowings during the year in this case 7.75
percent (March 31, 2019 was 8.10 percent).
Disclosure of notes on employee benefit expense explanatory [Text Block]
Rs. in Crore
Note 22 Employee benefit expense March 31, 2020 March 31, 2019
Salaries, wages and bonus 267.65 291.53
Contribution to provident and other funds - refer note 15(b) 26.09 22.30
Gratuity 8.66 6.95
Leave compensation 30.66 23.36
Staff welfare expenses 17.28 19.71
Total employee benefit expense 350.34 363.85
318
Disclosure of notes on depreciation, depletion and amortisation expense explanatory [Text Block]
Rs. in Crore
Note 24 Depreciation and amortisation expense March 31, 2020 March 31, 2019
(i) Depreciation of property, plant and equipment - refer note 4 98.41 91.61
(ii) Amortisation of Intangible assets - refer note 5 1.11 1.55
(iii) Depreciation of right to use assets - refer note 4(b) 9.50 -
Total Depreciation and amortisation expense 109.02 93.16
319
Disclosure of notes on other expenses explanatory [Text Block]
Rs. in Crore
Note 25 Other expenses March 31, 2020 March 31, 2019
Consumption of stores and spare parts 34.97 37.76
Power and fuel 110.95 102.16
Processing charges 148.45 148.36
Rent - refer note 37(b) 90.10 97.69
Rates and taxes 15.59 16.79
Repair and maintenance Machinery 27.76 25.52
Repair and maintenance Buildings 8.33 9.88
Repair and maintenance Others 15.87 14.45
Advertisement and business promotion 65.61 91.95
Marketing Expense 6.12 6.13
Distribution, freight and forwarding expenses 304.26 272.78
Insurance charges 4.36 3.78
Legal and professional charges 49.30 52.57
Provision for litigations 0.53 0.45
320
Auditor's remuneration refer note (i) below 1.00 1.00
Travelling and conveyance 23.81 25.09
Sales commission and other charges 5.57 5.40
Provision for doubtful receivables and advances 7.47 0.66
Government grants - refer note 16 0.74 -
Corporate social responsibility expense - refer note 36 1.22 2.16
Miscellaneous expenses 32.76 32.63
Total other expenses 954.77 947.21
Note Auditors remuneration comprises
(a)To statutory auditors
Statutory audit fee 0.75 0.75
Tax audit fee 0.04 0.04
Other services - Certifications 0.03 0.03
Service tax Goods and Service tax on above 0.14 0.14
0.96 0.96
(b)To cost auditors for cost audit
Cost audit fee 0.03 0.03
321
Service tax Goods and Service tax on above 0.01 0.01
0.04 0.04
Total 1.00 1.00
[613200] Notes - Cash flow statement

01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of cash flow statement [TextBlock]
Description of accounting policy for determining components of cash and Textual information
cash equivalents [TextBlock] (116) [See below]
Cash and cash equivalents cash flow statement 15.48 3.67 25.24
Cash and cash equivalents 15.48 3.67 25.24
Income taxes paid (refund), classified as operating activities 1.89 12.33
Income taxes paid (refund), classified as financing activities 0 0
Total income taxes paid (refund) 1.89 12.33
Description of accounting policy for determining components of cash and cash equivalents [Text Block]
Cash and cash equivalents
322
[500200] Notes - Additional information statement of profit and loss

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information
Additional information on profit and loss account explanatory [TextBlock] (117) [See below]
Inventory write-down 0 0
Reversal of inventory write-down 0 0
Net write-downs (reversals of write-downs) of inventories 0 0
Net write-downs (reversals of write-downs) of property, plant and
0 0
equipment
and joint ventures accounted for using equity
0 0
method that will not be reclassified to profit or
loss, before tax
and joint ventures accounted for using equity method
0 0
that will be reclassified to profit or loss, before
tax
Total share of other comprehensive income of associates and
0 0
joint ventures accounted for using equity method, before tax
Income tax relating to share of other
comprehensive income of associates and joint
0 0
ventures accounted for using equity method that
will not be reclassified to profit or loss
Total aggregated income tax relating to share of other
comprehensive income of associates and joint ventures 0 0
accounted for using equity method
profit or loss
comprehensive income that will be reclassified to profit or 0 0
loss
Total aggregated income tax relating to components of other
-3.59 -3.08
Changes in inventories of finished goods 364.12 114.52
Changes in inventories of work-in-progress 0 0
Changes in inventories of stock-in-trade 6.25 -4.06
Changes in other inventories 0 0
Total changes in inventories of finished goods, work-in-progress and
370.37 110.46
stock-in-trade
Exceptional items before tax 0 -190.85
Tax effect of exceptional items 0 0
Total exceptional items 0 -190.85
Details of nature of exceptional items Not Applicable Refer Text Block
Domestic sale manufactured goods 10,387.16 9,489.31
Domestic sale traded goods 0 0
Total domestic turnover goods, gross 10,387.16 9,489.31
Total revenue from sale of products 10,387.16 9,489.31
Domestic revenue services 12.59 10.58
Export revenue services 0 0
Total revenue from sale of services 12.59 10.58
Capital expenditure in foreign currency 0 0
Expenditure on corporate social responsibility activities as per
1.22 2.16
guidelines
Gross value of transaction with related parties 2,822.87 149.84
Bad debts of related parties 0 0
323
Additional information on profit and loss account explanatory [Text Block]
Rs. in
Crore
March March
Note 26 Exceptional Items 31, 31,
2020 2019
Provision for Inter Corporate Deposit - 190.85
- 190.85
The Company held unsecured, short term intercorporate deposits aggregating Rs.190.85 crores (March 31
2019 - Rs 190.85 crore) placed with Infrastructure Leasing and Financial Services Limited (IL&FS).
Considering the repayment defaults and the financial crisis and uncertainty prevailing due to the proceedings
pending against IL&FS with the National Company Law Tribunal (NCLT), management had made an
impairment provision for amounting to Rs. Nil (March 31, 2019 - Rs 190.85 crore) and disclosed as an
exceptional item in the financial statements. The Company has initiated legal proceeding for recovery of
overdues of Rs.190.85 crore from IL&FS. Two demand notices have been sent to IL&FS in October, 2018 and
November, 2018. The Company has also filed an impleadment application on December 17, 2018 with the
National Company Law Appellate Tribunal for registering the Company as a Financial Creditor of IL&FS. The
Company has also lodged its claims with the IRP appointed for the Resolution of the IL&FS issues on June 5,
2019. The Company continues to monitor the situation and developments in the IL&FS matter and is
committed to take appropriate legal action that may be further necessary to ensure full recoverability.
324
[611200] Notes - Fair value measurement
Disclosure of fair value measurement of assets [Table] ..(1)

Not measured at fair value in balance Sheet but for which fair value is disclosed
Measurement [Axis]
[Member]
Other assets 1
Classes of assets [Axis] Other assets [Member]
[Member]
Level 3 of fair
Levels of fair value hierarchy [Axis] Level 3 of fair value hierarchy [Member] value hierarchy
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of fair value measurement of assets
[Abstract]
Disclosure of fair value measurement of assets
[Line items]
Assets 20.17 19.38 0 20.17
Nature of other assets Security Deposits Security Deposit Security Deposits
Assets measured at
Assets measured at Assets measured at
Description of reasons for fair value Ammortized Costs
Ammortized Costs for which Ammortized Costs for which
measurement, assets for which fair value
fair value are disclosed fair value are disclosed
are disclosed
The Company’s
policy is to
The Company’s policy is to The Company’s policy is to
Description of policy for determining recognise transfers
recognise transfers into and recognise transfers into and
into and transfers
when transfers between levels are transfers out of fair value transfers out of fair value
out of fair value
deemed to have occurred, assets hierarchy levels as at the end hierarchy levels as at the end
hierarchy levels as
of the reporting period. of the reporting period.
at the end of the
reporting period.
If one or more of
the significant
If one or more of the If one or more of the
inputs is not based
significant inputs is not significant inputs is not
on observable
based on observable market based on observable market
Description of valuation techniques used in market data, the
data, the instrument is data, the instrument is
fair value measurement, assets instrument is
included in level 3. For included in level 3. For
included in level 3.
example, unlisted equity example, unlisted equity
For example,
securities, etc securities, etc
unlisted equity
securities, etc
Description of inputs used in fair value
NA NA NA
measurement, assets
Description of change in valuation
technique used in fair value measurement, NA NA NA
assets
Description of reasons for change in
valuation technique used in fair value NA NA NA
measurement, assets
Reconciliation of changes in fair value
measurement, assets [Abstract]
Changes in fair value measurement, assets
[Abstract]
Gains (losses) recognised in profit
or loss, fair value measurement, 0 0 0
assets
Gains (losses) recognised in other
comprehensive income, fair value 0 0 0
measurement, assets
Purchases, fair value measurement, assets 0.79 19.38 0.79
Sales, fair value measurement, assets 0 0 0
Issues, fair value measurement, assets 0 0 0
Settlements, fair value measurement,
0 0 0
assets
Transfers into Level 3 of fair value
0 0 0
hierarchy, assets
Transfers out of Level 3 of fair value
0 0 0
hierarchy, assets
325
Total increase (decrease) in fair value

0.79 19.38 0.79
measurement, assets
Assets at end of period 20.17 19.38 0 20.17
Description of line items in profit or loss
where gains (losses) are recognised, fair NA NA NA
value measurement, assets
Description of line items in other
comprehensive income where gains (losses) are NA NA NA
recognised, fair value measurement, assets
Description of reasons for transfers into
None None None
Level 3 of fair value hierarchy, assets
Description of reasons for transfers out
None None None
of Level 3 of fair value hierarchy, assets
Gains (losses) recognised in profit or
loss attributable to change in unrealised
0 0 0
gains or losses for assets held at end of
period, fair value measurement
Increase (decrease) in fair value measurement
due to change in one or more unobservable inputs
0 0 0
to reflect reasonably possible alternative
assumptions, assets
Increase in fair value measurement due to
change in one or more unobservable inputs to
0 0 0
reflect reasonably possible alternative
assumptions, assets
Decrease in fair value measurement due to
change in one or more unobservable inputs to
0 0 0
reflect reasonably possible alternative
assumptions, assets
Nature of other assets Security Deposits Security Deposit Security Deposits
326
Disclosure of fair value measurement of assets [Table] ..(2)

Not measured at fair value in balance Sheet but
Measurement [Axis]
for which fair value is disclosed [Member]
Classes of assets [Axis] Other assets 1 [Member]
Levels of fair value hierarchy [Axis] Level 3 of fair value hierarchy [Member]
01/04/2018
to 31/03/2018
31/03/2019
Disclosure of fair value measurement of assets [Abstract]
Disclosure of fair value measurement of assets [Line items]
Assets 19.38 0
Nature of other assets Security Deposit
Assets measured at Ammortized
Description of reasons for fair value measurement, assets Costs for which fair value are
disclosed
The Company’s policy is to
Description of policy for determining when transfers between levels are deemed recognise transfers into and transfers
to have occurred, assets out of fair value hierarchy levels as
at the end of the reporting period.
If one or more of the significant
inputs is not based on observable
Description of valuation techniques used in fair value measurement, assets market data, the instrument is
included in level 3. For example,
unlisted equity securities, etc
Description of inputs used in fair value measurement, assets NA
Description of change in valuation technique used in fair value measurement,
NA
assets
Description of reasons for change in valuation technique used in fair value
NA
measurement, assets
Reconciliation of changes in fair value measurement, assets [Abstract]
Changes in fair value measurement, assets [Abstract]
Gains (losses) recognised in profit or loss, fair value measurement, assets 0
Gains (losses) recognised in other comprehensive income, fair value
0
measurement, assets
Purchases, fair value measurement, assets 19.38
Sales, fair value measurement, assets 0
Issues, fair value measurement, assets 0
Settlements, fair value measurement, assets 0
Transfers into Level 3 of fair value hierarchy, assets 0
Transfers out of Level 3 of fair value hierarchy, assets 0
Total increase (decrease) in fair value measurement, assets 19.38
Assets at end of period 19.38 0
Description of line items in profit or loss where gains (losses) are
NA
recognised, fair value measurement, assets
Description of line items in other comprehensive income where gains (losses)
NA
are recognised, fair value measurement, assets
Description of reasons for transfers into Level 3 of fair value hierarchy, assets None
Description of reasons for transfers out of Level 3 of fair value hierarchy,
None
assets
Gains (losses) recognised in profit or loss attributable to change
in unrealised gains or losses for assets held at end of period, fair 0
value measurement
Increase (decrease) in fair value measurement due to change in one or
more unobservable inputs to reflect reasonably possible alternative 0
assumptions, assets
Increase in fair value measurement due to change in one or more
unobservable inputs to reflect reasonably possible alternative 0
assumptions, assets
Decrease in fair value measurement due to change in one or more
unobservable inputs to reflect reasonably possible alternative 0
assumptions, assets
Nature of other assets Security Deposit
327
Disclosure of fair value measurement of liabilities [Table] ..(1)

Measurement [Axis] At fair value [Member] Recurring fair value measurement [Member]
Classes of liabilities [Axis] _AtFairValueMember_Level2OfFairValueHierarchyMember_Liability_1 _RecurringFairValueMeasurementMember_Level2OfFairValueHierarchyM
Levels of fair value
Level 2 of fair value hierarchy [Member] Level 2 of fair value hierarchy [Member]
hierarchy [Axis]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of fair
value measurement of
liabilities
[Abstract]
Disclosure of fair
liabilities [Line
items]
Nature of Foreign Exchange Forward Foreign Exchange Forward
Foreign Exchange Forward Contracts
liabilities Contracts Contracts
Liabilities 0.06 0.03 0
Description of
Liabilities measured at Fair Liabilities measured at Fair
reasons for fair value
Value-recurring Fair Value Value-recurring Fair Value Liabilities measured at Fair Value-recurring Fair Value Measurements
measurement, Measurements Measurements
liabilities
Description of
policy for determining
when The Company’s policy is to
The Company’s policy is to
recognise transfers into and
transfers between recognise transfers into and transfers The Company’s policy is to recognise transfers into and transfers out of fair val
transfers out of fair value
levels are deemed to have out of fair value hierarchy levels as at the end of the reporting period.
hierarchy levels as at the
at the end of the reporting period.
end of the reporting period.
occurred,
liabilities
Description of
valuation techniques used
Textual information (118) [See Textual information (119)
in below] [See below]
Textual information (120) [See below]
fair value
measurement, liabilities
Description of
inputs used in fair value
NA NA
measurement,
liabilities
Description of
change in valuation
technique used in NA NA
fair value measurement,
liabilities
Description of
reasons for change in
valuation
NA NA
technique used in
liabilities
Reconciliation of
changes in fair value
measurement,
liabilities [Abstract]
Changes in fair
value measurement,
liabilities
[Abstract]
Losses (gains)
recognised in profit
or loss, fair -0.03 0
value measurement,
liabilities
Losses (gains)
recognised in other
comprehensive
0 -0.03
income, fair value
measurement,
liabilities
328
Purchases, fair
value measurement, 0 0
liabilities
Sales, fair
liabilities
Issues, fair
liabilities
Settlements,
fair value measurement, 0 0
liabilities
Transfers into
Level 3 of fair value
0 0
hierarchy,
liabilities
Transfers out
of Level 3 of fair value
0 0
hierarchy,
liabilities
Total increase
(decrease) in fair value
0.03 0.03
measurement,
liabilities
Liabilities at end
0.06 0.03 0
of period
Description of line
items in profit or loss
where gains
(losses) are recognised, NA NA NA
fair
value
Description of line
items in other
comprehensive
income where gains
NA NA NA
(losses) are
recognised, fair
value measurement,
liabilities
Description of
reasons for transfers into
Level 3 of fair None None None
value hierarchy,
liabilities
Description of
reasons for transfers out
of Level 3 of fair None None None
value hierarchy,
liabilities
Gains (losses)
recognised in profit or
loss
attributable to
change in unrealised
gains or 0 0
losses for
liabilities held at end of
period,
fair value
measurement
Increase
measurement
due to change in
one or more unobservable
inputs 0 0
to reflect
reasonably possible
alternative
assumptions,
liabilities
329
Increase in fair
value measurement due to
change in one or
more unobservable inputs
to 0 0
reflect
reasonably possible
alternative
assumptions,
liabilities
Decrease in fair
change in one or
to 0 0
reflect
reasonably possible
alternative
assumptions,
liabilities
Nature of Foreign Exchange Forward Foreign Exchange Forward
Foreign Exchange Forward Contracts
liabilities Contracts Contracts
330

Measurement [Axis] Recurring fair value measurement [Member] Not measured at fair value in
Classes of liabilities [Axis] _RecurringFairValueMeasurementMember_Level2OfFairValueHierarchyMember_Liability_14 _NotMeasuredAtFairValueInBalanceSheetButForW
Level 2 of fair value hierarchy [Member]
hierarchy [Axis]
01/04/2018 01/04/2019
to 31/03/2018 to
31/03/2019 31/03/2020
Disclosure of fair
liabilities
[Abstract]
Disclosure of fair
liabilities [Line
items]
Nature of
Foreign Exchange Forward Contracts Security Deposits
liabilities
Liabilities 0.03 0
Description of
reasons for fair value Liabilities measured at Ammortized Costs for which
Liabilities measured at Fair Value-recurring Fair Value Measurements
measurement, disclosed
liabilities
Description of
when
transfers between The Company’s policy is to recognise transfers into and transfers out of fair value The Company’s policy is to recognise transfers into an
levels are deemed to have hierarchy levels as at the end of the reporting period. of fair value hierarchy levels as at the end of the reportin
occurred,
liabilities
Description of
valuation techniques used If one or more of the significant inputs is not based
in Textual information (121) [See below] market data, the instrument is included in level 3.
fair value unlisted equity securities, etc
Description of
NA
measurement,
liabilities
Description of
change in valuation
technique used in NA
liabilities
Description of
valuation
NA
technique used in
liabilities
Reconciliation of
measurement,
Changes in fair
value measurement,
liabilities
[Abstract]
Losses (gains)
or loss, fair 0
value measurement,
liabilities
Losses (gains)
recognised in other
comprehensive
-0.03
income, fair value
measurement,
liabilities
331
Purchases, fair
value measurement, 0
liabilities
Sales, fair
liabilities
Issues, fair
liabilities
Settlements,
fair value measurement, 0
liabilities
Transfers into
0
hierarchy,
liabilities
Transfers out
0
hierarchy,
liabilities
Total increase
0.03
measurement,
liabilities
Liabilities at end
0.03 0
of period
Description of line
where gains
(losses) are recognised, NA NA
fair
value
Description of line
items in other
comprehensive
income where gains
NA NA
(losses) are
recognised, fair
value measurement,
liabilities
Description of
Level 3 of fair None None
value hierarchy,
liabilities
Description of
of Level 3 of fair None None
value hierarchy,
liabilities
Gains (losses)
loss
attributable to
gains or 0
losses for
period,
fair value
measurement
Increase
measurement
due to change in
inputs 0
to reflect
reasonably possible
alternative
assumptions,
liabilities
332
Increase in fair
change in one or
to 0
reflect
reasonably possible
alternative
assumptions,
liabilities
Decrease in fair
change in one or
to 0
reflect
reasonably possible
alternative
assumptions,
liabilities
Nature of
Foreign Exchange Forward Contracts Security Deposits
liabilities
333

Measurement [Axis] Not measured at fair value in balance Sheet but for whi
Classes of liabilities [Axis] _NotMeasuredAtFairValueInBalanceSheetButForWhichFairValueIsDisclosedMember_Level3OfFairValueHierarchyMember_Liability_12
Level 3 of fair value hierarchy [Member]
hierarchy [Axis]
31/03/2018
Disclosure of fair
liabilities
[Abstract]
Disclosure of fair
liabilities [Line
items]
Nature of
liabilities
Liabilities 0
Description of
reasons for fair value
measurement,
liabilities
Description of
when
transfers between
levels are deemed to have
occurred,
liabilities
Description of
valuation techniques used
in
fair value
Description of
measurement,
liabilities
Description of
change in valuation
technique used in
liabilities
Description of
valuation
technique used in
liabilities
Reconciliation of
measurement,
Changes in fair
value measurement,
liabilities
[Abstract]
Losses (gains)
or loss, fair
value measurement,
liabilities
Losses (gains)
recognised in other
comprehensive
income, fair value
measurement,
liabilities
334
Purchases, fair
value measurement,
liabilities
Sales, fair
value measurement,
liabilities
Issues, fair
value measurement,
liabilities
Settlements,
liabilities
Transfers into
hierarchy,
liabilities
Transfers out
hierarchy,
liabilities
Total increase
measurement,
liabilities
Liabilities at end
0
of period
Description of line
where gains
(losses) are recognised,
fair
value
Description of line
items in other
comprehensive
income where gains
(losses) are
recognised, fair
value measurement,
liabilities
Description of
Level 3 of fair
value hierarchy,
liabilities
Description of
of Level 3 of fair
value hierarchy,
liabilities
Gains (losses)
loss
attributable to
gains or
losses for
period,
fair value
measurement
Increase
measurement
due to change in
inputs
to reflect
reasonably possible
alternative
assumptions,
liabilities
335
Increase in fair
change in one or
to
reflect
reasonably possible
alternative
assumptions,
liabilities
Decrease in fair
change in one or
to
reflect
reasonably possible
alternative
assumptions,
liabilities
Nature of
liabilities

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Refer Disclosure
Disclosure of fair value measurement [TextBlock] under Financial
Instruments
Disclosure of fair value measurement of assets [TextBlock]
Whether assets have been measured at fair value Yes Yes
Disclosure of fair value measurement of liabilities [TextBlock]
Whether liabilities have been measured at fair value Yes Yes
Disclosure of fair value measurement of equity [TextBlock]
Whether equity have been measured at fair value No No
Disclosure of significant unobservable inputs used in fair value
measurement of assets [TextBlock]
Disclosure of significant unobservable inputs used in fair value
measurement of liabilities [TextBlock]
Description of valuation techniques used in fair value measurement, liabilities

The fair value of financial instruments that are not traded in an active market (for example, over-the-counter derivatives) is determined using
valuation techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all significant
inputs required to fair value an instrument are observable, the instrument is included in level 2.


336

[613300] Notes - Operating segments
Disclosure of reportable segments [Table] ..(1)

Entity's reportable segments [Axis] Reportable segments 1 [Member] Reportable segments 2 [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of reportable segments [Abstract]
Disclosure of reportable segments [Line items]
Horticulture & other Horticulture & other
Nature of reportable segment Dairy Operations Dairy Operations
operations operations
Revenue primary reportable segment 8,079.43 7,451.91 602.03 557.69
Revenues from transactions with other
0 0 0 0
operating segments of the same entity
Total revenues from external customers and
transactions with other reportable segments 8,079.43 7,451.91 602.03 557.69
of same enterprise reportable segment
Interest revenue expense reportable segment
[Abstract]
Interest income reportable segment 0 0 0 0
Interest expense reportable segment 0 0 0 0
Total interest income (expense) reportable
0 0 0 0
segment
Depreciation and amortisation expense
84.06 70.85 19.84 16.99
reportable segment
Tax expense (income), continuing operations
0 0 0 0
reportable segment
Other material non-cash items reportable segment 0 0 0 0
Profit (loss) before tax reportable segment -106.98 174.37 -53.47 -43.69
Profit (loss) reportable segment 0 0 0 0
Assets reportable segment 2,094.91 1,697.33 392.24 371.42
Liabilities reportable segment 2,027.13 1,521.43 134.86 126.7
Net Cash flows from (used in) investing
-75.57 -179.76 -12.67 -18.15
activities reportable segment
337
Disclosure of reportable segments [Table] ..(2)

Entity's reportable segments [Axis] Reportable segments 3 [Member] Reportable segments 4 [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of reportable segments [Abstract]
Disclosure of reportable segments [Line items]
Nature of reportable segment Edible oil Edible oil Unallocated Unallocated
Revenue primary reportable segment 1,738.52 1,508.1 6.69 5.72
Revenues from transactions with other
0 0 0 0
operating segments of the same entity
Total revenues from external customers and
transactions with other reportable segments 1,738.52 1,508.1 6.69 5.72
of same enterprise reportable segment
Interest revenue expense reportable segment
[Abstract]
Interest income reportable segment 0 0 0 0
Interest expense reportable segment 0 0 55.95 41.59
Total interest income (expense) reportable
0 0 -55.95 -41.59
segment
Depreciation and amortisation expense
1.9 1.3 3.22 4.02
reportable segment
Tax expense (income), continuing operations
0 0 -91.58 -50.25
reportable segment
Other material non-cash items reportable segment 0 0 0 -190.85
Profit (loss) before tax reportable segment 42.35 27.49 0 0
Profit (loss) from continuing operations
-249.28 -142.08
reportable segment
Profit (loss) reportable segment 0 0 -164.39 -97.55
Assets reportable segment 159.47 242.69 237.72 120.04
Liabilities reportable segment 109.09 126.36 347.66 227.21
Net Cash flows from (used in) investing
-0.53 -0.39 -2.27 -3.7
activities reportable segment

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information
Disclosure of entity's operating segments [TextBlock] (122) [See below]
Disclosure of reportable segments [TextBlock]
Whether there are any reportable segments Yes Yes
Disclosure of major customers [TextBlock]
Whether there are any major customers No No
338
Disclosure of entity's operating segments [Text Block]

Note 33 Segment Reporting
The Company has identified the Managing director and Chief financial officer as the Chief operating decision maker (CODM) who assesses the
financial performance and makes strategic decisions.
The Company has identified business segments as its primary segment. The Companys reporting segments are identified based on activities
products, risk and reward structure, organization structure and internal reporting systems. The operating segments are presented in a manner
consistent with the internal reporting provided to the CODM. The Company has structured its operations into the segments as listed below
-Dairy Operations Manufacturing, processing and packing of liquid milk and other milk products
-Horticulture and other operations Fresh and frozen fruit and vegetable, fruit pulp, juices and other trading products.
-Edible oil Oil processed traded by the Company.
Horticulture Horticulture
Dairy Dairy Edible Edible
Particulars and other and other Total Total
Operations Operations oil oil
operations operations
March March March

March 31, March 31, March 31, March 31, March
31, 31, 31,
2020 2019 2020 2019 31, 2020
2020 2019 2019
Revenue
Revenue from external

8076.40 7448.27 593.42 550.25 1729.93 1501.36 10399.75 9499.88
customers
Other Operating
3.03 3.64 8.61 7.44 8.59 6.74 20.23 17.82
Revenue
Total Revenue 8079.43 7451.91 602.03 557.69 1738.52 1508.10 10419.98 9517.70
Results
339
Segment Result (106.98) 174.37 (53.47) (43.69) 42.35 27.49 (118.10) 158.17
Unallocated expenses
75.23 67.81
(net)
Operating income (193.33) 90.36
Finance Cost 55.95 41.59
Profit before exception

(249.28) 48.77
item and tax
Exception Item - (190.85)
Profit before tax (249.28) (142.08)
Tax expense 91.58 50.25
Other comprehensive
(6.69) (5.72)
income (net of taxes)
Profit after Tax (164.39) (97.55)
Segment Assets 2094.91 1697.33 392.24 371.42 159.47 242.69 2646.62 2311.44
Unallocated Assets 237.72 120.04
Total Assets 2884.34 2431.48
340
Segment Liabilities 2027.13 1521.43 134.86 126.70 109.90 126.36 2271.08 1774.49
Unallocated Liabilities 347.66 227.21
Total Liabilities 2618.74 2001.70
Capital Expenditure 75.57 179.76 12.67 18.15 0.53 0.39 88.77 198.30
Unallocable
2.27 3.70
Expenditure
91.04 202.00
Depreciation
84.06 70.85 19.84 16.99 1.90 1.30 105.80 89.14
Amortization
Unallocable
3.22 4.02
Depreciation
109.02 93.16
Non-Cash expenditure
other than 8.01 1.11
depreciation
Segment revenue
based on location of
customers
Domestic sales 8073.06 7438.33 523.83 486.97 1729.62 1501.36 10326.51 9426.66
Export sales 3.34 9.94 69.59 63.28 0.31 - 73.24 73.22
Notes
341
(i)Unallocated expenses includes Corporate office Head office expenses which are not attributable directly to each of the segment.
(ii)Unallocated assets include corporate assets, cash and bank balances and other non-allocable assets.
(iii)Unallocated liabilities include corporate liabilities, bank borrowings and other non-allocable liabilities.
(iv)There is no customer having revenue amounting to 10 percent or more of Companys total revenue.
[610700] Notes - Business combinations

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of business combinations [TextBlock]
Whether there is any business combination No No
Disclosure of reconciliation of changes in goodwill [TextBlock]
Whether there is any goodwill arising out of business combination No No
Disclosure of acquired receivables [TextBlock]
Whether there are any acquired receivables from business combination No No
Disclosure of contingent liabilities in business combination [TextBlock]
Whether there are any contingent liabilities in business combination No No
[611500] Notes - Interests in other entities

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of interests in other entities [TextBlock]
Disclosure of interests in subsidiaries [TextBlock]
Disclosure of subsidiaries [TextBlock]
Whether company has subsidiary companies No No
Whether company has subsidiary companies which are yet to commence
No No
operations
Whether company has subsidiary companies liquidated or sold during
No No
year
Disclosure of interests in associates [TextBlock]
Disclosure of associates [TextBlock]
Whether company has invested in associates No No
Whether company has associates which are yet to commence operations No No
Whether company has associates liquidated or sold during year No No
Disclosure of interests in joint arrangements [TextBlock]
Disclosure of joint ventures [TextBlock]
Whether company has invested in joint ventures No No
Whether company has joint ventures which are yet to commence
No No
operations
Whether company has joint ventures liquidated or sold during year No No
Disclosure of interests in unconsolidated structured entities [TextBlock]
Disclosure of unconsolidated structured entities [TextBlock]
Whether there are unconsolidated structured entities No No
Disclosure of investment entities [TextBlock]
Disclosure of information about unconsolidated subsidiaries [TextBlock]
Whether there are unconsolidated subsidiaries No No
Disclosure of information about unconsolidated structured entities
controlled by investment entity [TextBlock]
Whether there are unconsolidated structured entities controlled by
No No
investment entity
342
[610800] Notes - Related party
Disclosure of transactions between related parties [Table] ..(1)

Categories of related
Parent [Member] Entities with joint control or significant influence over en
parties [Axis]
Related party [Axis] _ParentMember_RelatedParty_60 _ParentMember_RelatedParty_72 _JointControlOrSignificantInfluenceMember_RelatedParty_64 _JointControlOrSign
01/04/2019 01/04/2018 01/04/2019
to to to
31/03/2020 31/03/2019 31/03/2020
Disclosure of
transactions between
related parties
[Abstract]
Disclosure of
related
parties [Line
items]
Name of National Dairy Development Board National Dairy Development Board
NDDB Foundation for Nutrition (NFN) Maahi Milk Producer
related party (NDDB) (NDDB)
Country of
incorporation or
INDIA INDIA INDIA
residence of
related party
Permanent
account number of AABCN2029C AABCN2029C
related party
CIN of
U01403GJ2012PTC07
related party
Description Sales of Goods, Rent paid, Sales of Investment, Rent paid,
Reimbursement of expenses paid, Purchase of good
of nature of Reimbursement of expenses paid,
Reimbursement of expenses Corporate Social Responsibility Reimbursement of e
transactions with Reimbursement of expenses
received, Interest paid, Loans received
related party Received received, Dividend paid
Description
of nature of related
Holding company Holding company Under Significant influence Under Significant infl
party
relationship
Related party
transactions
[Abstract]
Purchases
of goods related
party transactions
Revenue
from sale of goods
related party 1
transactions
Sales of
property and other
assets, related 1.8
party
transactions
Leases as
lessee related party 12.5 12.3
transactions
Other
related party 4.44 11.61 1.22
transactions expense
Other
related party 0.26 0.31
transactions income
Other
related party
transactions 350
contribution
received
343

Entities with joint control or significant influence over entity [M
parties [Axis]
Related party [Axis] _JointControlOrSignificantInfluenceMember_RelatedParty_66 _JointControlOrSignificantInfluenceMember_RelatedParty_67 _JointControlOrSignifican
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Disclosure of
related parties
[Abstract]
Disclosure of
related
parties [Line
items]
Name of
Paayas Milk Producer Company Limited Shreeja Milk Producer Company Limited Baani Milk Producer Compa
related party
Country of
incorporation or
INDIA INDIA
residence of
related party
CIN of
U01211RJ2012PTC038955 U01403PB2014PTC038826
related party
Description
of nature of
Sale of goods, Purchase of goods and materials Sale of goods, Purchase of goods and materials Purchase of goods and mater
transactions with
related party
Description
Under Significant influence Under Significant influence Under Significant influence
party
relationship
Related party
transactions
[Abstract]
Purchases
of goods related 1,322.45 2.91
party transactions
Revenue
from sale of goods
related party 0.58 0.29
transactions
Other
related party
344

Categories of
related parties Key management personnel of entity or
[Axis]
Related party
_KeyManagementPersonnelOfEntityOrParentMember_RelatedParty_70 _KeyManagementPersonnelOfEntityOrParentMember_RelatedParty_71
[Axis]
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Disclosure of
transactions
between related
parties
[Abstract]
Disclosure of
transactions
between related
parties [Line
items]
Name of Mr. Deepak Tikku, Mr.Roshan Louis Joseph, Mr. Sharad Sharma, Mr. Arun
Mr. Sanjeev Khanna, Mr. Sangramsinh R. Chaudhary, Mr. Saugata Mitra
related party Raste
Description
of nature of
transactions with Remuneration Paid Directors Sitting Fees
related
party
Description
party Directors Directors
relationship
Related
party transactions
[Abstract]
Other
related party
1.93 0.13
transactions
expense
345

Categories of
related parties Key management personnel of entity or parent [Member] Other related parties [Mem
[Axis]
Related party
_KeyManagementPersonnelOfEntityOrParentMember_RelatedParty_80 _OtherRelatedPartiesMember_RelatedParty_61 _OtherRelatedPartiesMember_Re
[Axis]
01/04/2018 01/04/2019 01/04/2019
to to to
31/03/2019 31/03/2020 31/03/2020
Disclosure of
transactions
between related
parties
[Abstract]
Disclosure of
transactions
between related
parties [Line
items]
Name of
Mr. Sanjeev Khanna, Mr. Saugata Mitra IDMC Limited INDIAN IMMUNOLOGICALS LIM
related party
Country of
incorporation or
residence of INDIA INDIA
related
party
Permanent
account number of AAACI4631E AAACI6620F
related party
CIN of
U29299GJ1992PLC018283 U72200TG1999PLC032666
related party
Description
of nature of
Purchase of goods and materials, Purchase of fixed
transactions with Reimbursement of expenses paid assets, Repair & maintenance
Purchase of goods and materials
related
party
Description
party Directors Fellow subsidiary Company Fellow subsidiary Company
relationship
Related
party transactions
[Abstract]
Purchases
of goods related 39.94
party transactions
Purchases
of property and
other assets, 11.23
related
party transactions
Other
related party
0.03 8.01
transactions
expense
346

Other related parties [Member]
parties [Axis]
Related party [Axis] _OtherRelatedPartiesMember_RelatedParty_69 _OtherRelatedPartiesMember_RelatedParty_73 _OtherRelatedPartiesMember_RelatedParty_74
01/04/2019 01/04/2018 01/04/2018
to to to
31/03/2020 31/03/2019 31/03/2019
Disclosure of
related parties
[Abstract]
Disclosure of
related
parties [Line
items]
Name of
Textual information (123) [See below] IDMC Limited INDIAN IMMUNOLOGICALS LIMITED
related party
Country of
incorporation or
INDIA
residence of
related party
Permanent
account number of AAACI4631E AAACI6620F
related party
CIN of
U29299GJ1992PLC018283 U72200TG1999PLC032666
related party
Description
of nature of Employer's Contribution to Post- employment Purchase of goods and materials, Purchase of fixed
Purchase of goods and materials
transactions with benefit trust assets, Repair & maintenance
related party
Description
Post- employment benefits plan Trust Fellow subsidiary Company Fellow subsidiary Company
party
relationship
Related party
transactions
[Abstract]
Purchases
of goods related 31.29 0.17
party transactions
Purchases
of property and other
assets, 64.52
related
party transactions
Other
related party 0.51
Other
related party
transactions 16.65
contribution
made
347

Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] _OtherRelatedPartiesMember_RelatedParty_77
01/04/2018
to
31/03/2019
Disclosure of transactions between related parties [Abstract]
Disclosure of transactions between related parties [Line items]
Name of related party Textual information (124) [See below]
Employer's Contribution to Post- employment
Description of nature of transactions with related party benefit trust
Description of nature of related party relationship Post- employment benefits plan Trust
Related party transactions [Abstract]
Other related party transactions contribution made 21.91

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information
Disclosure of related party [TextBlock] (125) [See below]
Key management personnel compensation, short-term employee benefits 1.51 2.36
Key management personnel compensation, post-employment benefits 0.27 0.34
Key management personnel compensation, other long-term employee benefits 0.15 0.17
Key management personnel compensation, termination benefits 0 0
Key management personnel compensation, share-based payment 0 0
Key management personnel compensation 0 0
Whether there are any related party transactions during year Yes Yes
Textual information
Disclosure of transactions between related parties [TextBlock] (126) [See below]
Whether entity applies exemption in Ind AS 24.25 No No
Whether company is subsidiary company Yes Yes
Section under which company is subsidiary Section 2(87)(ii) Section 2(87)(ii)
Name of related party

Mother Dairy Employee's Superannuation Benefit (MDSB), Mother Dairy Employees Provident Fund, Mother Dairy Employees Group Gratuity
Fund, Fruit and Vegetable Project Employees' Gratuity Fund Trust, Dhara Vegetable oil and Foods Co. Ltd. Gratuity Fund
Name of related party

Mother Dairy Employee's Superannuation Benefit (MDSB), Mother Dairy Employees Provident Fund, Mother Dairy Employees Group Gratuity
Fund, Fruit and Vegetable Project Employees' Gratuity Fund Trust, Dhara Vegetable oil and Foods Co. Ltd. Gratuity Fund
348
Disclosure of related party [Text Block]
Note 32 Related party disclosures
A. Name of the related parties and nature of

relationship
(i) Related Parties where Control Exists
Nature of Relationship Name of Entity
Holding Entity National Dairy Development Board (NDDB)
(ii) Other Related Parties with whom there were

transactions during the year
Fellow Subsidiaries IDMC Limited (IDMC)
India Immunological Limited (IIL)
NDDB Dairy Services (NDDBS)
Under Significant influence NDDB Foundation for Nutrition (NFN)
Maahi Milk Producer Company Limited (w.e.f. April 30, 2019)
Paayas Milk Producer Company Limited (w.e.f. April 30, 2019)
Shreeja Milk Producer Company Limited (w.e.f. April 30, 2019 till May
03, 2019)
349
Baani Milk Producer Company Limited (w.e.f. May 30, 2019)
Post- employment benefits plan Trust Mother Dairy Employees Superannuation Benefit (MDSB)
Mother Dairy Employees Provident Fund
Mother Dairy Employees Group Gratuity Fund
Fruit and Vegetable Project Employees Gratuity Fund Trust
Dhara Vegetable oil and Foods Co. Ltd. Gratuity Fund
(iii) Key Management Personnel (KMP)
Key Management Personnel Mr. Dilip Rath, Chairman
Mr. Sanjeev Khanna, Managing Director (till April 30, 2019)
Mr. Sangramsinh R. Chaudhary, Director (till April 30, 2019), Managing

Director (w.e.f. May 01, 2019)
Mr. Saugata Mitra, CPO & Whole Time Director
Mr. Deepak Tikku, Director
Mr.Roshan Louis Joseph, Director (till June 25, 2020)
Mr.Omveer Singh, Director (w.e.f April 30, 2019)
Mr. Sharad Sharma (w.e.f. May 21, 2019)
350
Mr. Arun Raste (w.e.f. September 17, 2019)
351
Disclosure of transactions between related parties [Text Block]

B. The nature and volume of transactions during the year with the above related parties are as follows
Under Under Under

Fellow Fellow Fellow
Significant Significant Significant
Subsidiaries Subsidiaries Subsidiaries
influence influence influence
Maahi Milk Paayas Milk Shreeja Milk

Holding Producer Producer Producer
Nature of Transactions IDMC IIL NDDBS
Entity Company Company Company
Ltd Ltd Ltd
Transactions during the

Year
Sale of Goods 1.00 - - - - 0.58 0.29
(-) (-) (-) (-) (-) (-) (-)
Purchase of goods and

- 39.94 0.57 - 691.22 1,322.45 2.91
materials
(-) (31.29) (0.17) (-) (-) (-) (-)
Purchase of fixed assets - 11.23 - - - - -
(-) (64.52) (-) (-) (-) (-) (-)
Sale of investment - - - - - - -
(1.80) (-) (-) (-) (-) (-) (-)
Rent paid 12.50 - - - - - -
(12.30) (-) (-) (-) (-) (-) (-)
352
Repair and maintenance - 8.01 - - - - -
(-) (0.51) (-) (-) (-) (-) (-)
Conversion charges - - - - 30.23 - -
(-) (-) (-) (-) (-) (-) (-)
Reimbursement of
2.28 - - 0.12 0.22 0.00 0.00
expenses paid
(1.61) (-) (-) (0.01) (-) (-) (-)
Reimbursement of
0.26 - - - 0.07 - -
expenses received
(0.31) (-) (-) (-) (-) (-) (-)
Dividend paid - - - - - - -
(10.00) (-) (-) (-) (-) (-) (-)
Interest paid 2.16 - - - - - -
(-) (-) (-) (-) (-) (-) (-)
Loans Received 350.00 - - - - - -
(-) (-) (-) (-) (-) (-) (-)
Remuneration paid to KMP - - - - - - -
(-) (-) (-) (-) (-) (-) (-)
Corporate Social
- - - - - -
Responsibility
353
(-) (-) (-) (-) (-) (-) (-)
Directors sitting fee - - - - - - -
(-) (-) (-) (-) (-) (-) (-)
Employers Contribution to
Post employment benefit - - - - - - -
trust
(-) (-) (-) (-) (-) (-) (-)
Under Significant Under Significant

influence influence
Baani Milk Producer Post-employment

Nature of Transactions NFNs KMP Total
Company Ltd benefits plan Trusts
Transactions during the Year
Sale of Goods - - - - 1.87
(-) (0.39) (-) (-) (0.39)
Purchase of goods and materials 326.90 - - - 2,383.99
(-) (-) (-) (-) (31.46)
Purchase of fixed assets - - - - 11.23
(-) (-) (-) (-) (64.52)
Sale of investment - - - - -
(-) (-) (-) (-) (1.80)
354
Rent paid - - - - 12.50
(-) (-) (-) (-) (12.30)
Repair and maintenance - - - - 8.01
(-) (-) (-) (-) (0.51)
Conversion charges - - - - 30.23
(-) (-) (-) (-) -
Reimbursement of expenses paid - - - - 2.62
(-) (-) (-) (0.03) (1.65)
Reimbursement of expenses
- - - - 0.33
received
(-) (-) (-) (-) (0.31)
Dividend paid - - - - -
(-) (-) (-) (-) (10.00)
Interest paid - - - - 2.16
(-) (-) (-) (-) -
Loans Received - - - - 350.00
(-) (-) (-) (-) -
Remuneration paid to KMP - - - 1.93 1.93
355
(-) (-) (-) (2.87) (2.87)
Corporate Social Responsibility - 1.22 - - 1.22
(-) (2.00) (-) (-) (2.00)
Directors sitting fee - - - 0.13 0.13
(-) (-) (-) (0.12) (0.12)
Employers Contribution to Post

- - 16.65 16.65
employment benefit trust
(-) (-) (21.91) (-) (21.91)
C. Balance outstanding as at year end
Under Under Under

Fellow Fellow Fellow
Significant Significant Significant
Subsidiaries Subsidiaries Subsidiaries
influence influence influence
Maahi Milk Paayas Milk Shreeja Milk

Nature of Holding
IDMC IIL NDDBS Producer Producer Producer
transactions Entity
Company Ltd Company Ltd Company Ltd
Trade receivable - - - - - 0.01 -
(-) (-) (-) (-) (-) (-) (-)
Other receivable 0.23 - - - - - -
(0.60) (-) (-) (-) (-) (-) (-)
Loan payable 350.00 - - - - - -
(-) (-) (-) (-) (-) (-) (-)
356
Trade payables 3.09 2.34 0.00 - 62.51 158.81 -
(8.41) (6.27) (-) (-) (-) (-) (-)
Capital Creditors - 0.52 - - - - -
(-) (8.09) (-) (-) (-) (-) (-)
Capital advances - 1.15 - - - - -
(-) (2.17) (-) (-) (-) (-) (-)
Earnest Money
- 0.02 - - - - -
deposit Received
(-) (0.01) (-) (-) (-) (-) (-)
Retention Money
- 1.06 - - - - -
deposit Received
(-) (-) (-) (-) (-) (-) (-)
Under Significant Under Significant

influence influence
Baani Milk Producer Post-employment benefits

Nature of transactions NFN KMP Total
Company Ltd plan Trusts
Trade receivable - - - - 0.01
(-) (-) (-) (-) (-)
Other receivable - - - - 0.23
(-) (-) (-) (-) (0.60)
357
Loan payable - - - - 350.00
(-) (-) (-) (-) (-)
Trade payables 91.99 - - - 318.11
(-) (-) (-) (-) (14.68)
Capital Creditors - - - - 0.52
(-) (-) (-) (-) (8.09)
Capital advances - - - - 1.15
(-) (-) (-) (-) (2.17)
Earnest Money deposit

- - - - 0.02
Received
(-) (-) (-) (-) (0.01)
Retention Money deposit

- - - - 1.06
Received
(-) (-) (-) (-) -
358
[611700] Notes - Other provisions, contingent liabilities and contingent assets
Disclosure of other provisions [Table] ..(1)

Classes of other provisions [Axis] Other provisions [Member] Legal proceedings provision [Member]
01/04/2018
01/04/2019
31/03/2020 31/03/2019 to
to
31/03/2020
31/03/2019
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions
[Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions
[Abstract]
New provisions, other provisions 0 0
Increase in existing provisions, other
0.53 0.45
provisions
Total additional provisions, other
0.53 0.45
provisions
0 0
combinations, other provisions
Provision used, other provisions 0 0
Unused provision reversed, other
0 0
provisions
Increase through adjustments arising
0 0
from passage of time, other provisions
Increase (decrease) through change in
0 0
discount rate, other provisions
0 0
exchange differences, other provisions
0 0
subsidiary, other provisions
Increase (decrease) through transfers
0 0
and other changes, other provisions
Decrease through transfer to
liabilities included in disposal groups
0 0
classified as held for sale, other
provisions
Other increase decrease in other
0 0
provisions
Total changes in other provisions 0.53 0.45
Other provisions at end of period 3.54 3.01 3.54 3.01
Description of nature of obligation, other Property Tax and Workmen Property
provisions compensation Tax
Assets recognised for expected reimbursement
0 0
other provisions
Expected reimbursement other provisions 0 0
Disclosure of other provisions [Table] ..(2)

Legal proceedings
Classes of other provisions [Axis] provision
[Member]
31/03/2018
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions [Abstract]
Other provisions at end of period 2.56
359
Disclosure of contingent liabilities [Table] ..(1)

Contingent liability on disputed sales tax
Classes of contingent liabilities [Axis] Other contingent liabilities [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Description of nature of obligation, contingent Textual information Textual information
Sales Tax Sales Tax
liabilities (127) [See below] (128) [See below]
Estimated financial effect of contingent
44.54 47.59 4 7.55
liabilities

Contingent liability on disputed income Contingent liability on disputed excise
Classes of contingent liabilities [Axis]
tax [Member] demands [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Description of nature of obligation, contingent Excise & Custom
Income tax demands Income tax demands Excise & Custom duty
liabilities duty
1.03 5.97 1.54 1.54
liabilities

Contingent liability on disputed liability
Classes of contingent liabilities [Axis] relating to employees and other staff Other contingent liabilities, others [Member]
[Member]
01/04/2019
01/04/2019 01/04/2018 01/04/2018
to to to
to
31/03/2020 31/03/2019 31/03/2019
31/03/2020
Demand in respect of mandi fees,
Demand for stamp duty, License
Textual
Fee, Food Safety and Standards
Description of nature of obligation, contingent Employee related Employee related information
Authority of India matters,
liabilities matters matters (129) [See
Contractual disputes, Provident
below]
fund disputed matters, Other
matters
5.87 4.52 32.1 28.01
liabilities

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of other provisions, contingent liabilities and contingent assets Textual information
[TextBlock] (130) [See below]
Disclosure of other provisions [TextBlock]
Disclosure of contingent liabilities [TextBlock]
Whether there are any contingent liabilities Yes Yes
Demand in respect of mandi
fees, Demand for stamp
duty, License Fee, Food
Safety and Standards
Textual information
Description of other contingent liabilities others (131) [See below]
Authority of India
matters, Contractual
disputes, Provident fund
disputed matters, Other
matters
360
Description of nature of obligation, contingent liabilities

Income tax demands, Excise & Custom duty, Sales Tax, Employee related matters, Demand in respect of mandi fees, Demand for stamp duty,
License Fee, Food Safety and Standards Authority of India matters, Contractual disputes, Provident fund disputed matters, Commercial liability,
Other matters

Income tax demands, Excise & Custom duty, Sales Tax, Employee related matters, Demand in respect of mandi fees, Demand for stamp duty,
License Fee, Food Safety and Standards Authority of India matters, Contractual disputes, Provident fund disputed matters, Other matters

Demand in respect of mandi fees, Demand for stamp duty, License Fee, Food Safety and Standards Authority of India matters, Contractual
disputes, Provident fund disputed matters, Commercial liability, Other matters
361
Disclosure of other provisions, contingent liabilities and contingent assets [Text Block]
Rs. in
Crore
March March
Note 34 Contingent Liabilities 31, 31,
2020 2019
(a) Claims against the Company not acknowledged as debts
Income tax demands 1.03 5.97
Excise and Custom duty 1.54 1.54
Sales Tax 4.00 7.55
Employee related matters 5.87 4.52
Demand in respect of mandi fees 0.52 0.52
Demand for stamp duty 3.45 3.45
License Fee 8.89 8.73
Food Safety and Standards Authority of India matters 5.23 4.00
Contractual disputes 7.74 7.74
Provident fund disputed matters 2.13 2.13
Commercial liability 3.56 -
Other matters 0.58 1.44
362
Total 44.54 47.59
(b)The Company will continue to assess the impact of further developments relating to retrospective application
of Supreme Court judgement dated February 28, 2019 clarifying the definition of basic wages under Employees
Provident Fund and Miscellaneous Provisions Act 1952 and deal with it appropriately accordingly. As per the
said assessment and the legal advice obtained by the Company, the aforesaid matter is not likely to have any
significant impact and accordingly, no provision has been made in these Financial Statements.
Critical Judgement - The amounts shown above represent the best possible estimates of pending
litigations/disputes arrived at on the basis of available information taking into account the specific circumstances
of each matter and relevant external advice. The Company engages reputed professional advisors to protect its
interests and has been advised that it has strong legal positions against such disputes. Judgements includes
consideration of expert opinion, facts of the matter, underlying documentation and past experience. Change in
assumptions about these factors could affect the reported value of contingencies and provisions.
Description of other contingent liabilities others

Demand in respect of mandi fees, Demand for stamp duty, License Fee, Food Safety and Standards Authority of India matters, Contractual
disputes, Provident fund disputed matters, Commercial liability, Other matters
[700200] Notes - Corporate social responsibility
Disclosure of net profits for last three financial years [Table] ..(1)
Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis]
[Member] [Member] [Member]
01/04/2019 01/04/2019 01/04/2019
to to to
31/03/2020 31/03/2020 31/03/2020
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [LineItems]
Description of financial year 2018-19 2017-18 2016-17
Profit before tax of financial year -142.08 54.61 158.24
Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
50.15 55.51 158.25
of Companies (CSR Policy) Rules, 2014
363
Classification of CSR spending [Table] ..(1)

Classification of CSR spending [Axis] _ClassificationOfCSRSpending_100
01/04/2019
to
31/03/2020
Disclosure of CSR spending [Abstract]
Details of CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [Line items]
Donation to NDDB Foundation for
CSR project or activity identified Nutrition (NFN) for Gift Milk
Scheme
Sector in which project is covered Poverty, hunger, malnutrition
Whether projects or programs undertaken in local area or other Local Area
Name of state or union territory where projects or programs was undertaken Gujarat
Budget amount outlay project or program wise 2.57
Amount spent on projects or programs [Abstract]
Direct expenditure on projects or programs 1.22
Overheads on projects or programs 0
Total amount spent on projects or programs 1.22
Cumulative expenditure upto reporting period 1.22
Expenditure on administrative overheads 0
Mode of amount spent Other implementing agencies

01/04/2019
to
31/03/2020
Textual information
Disclosure of corporate social responsibility explanatory [TextBlock] (132) [See below]
Whether provisions of corporate social responsibility are applicable on
Yes
company
Textual information
Disclosure of composition of CSR committee [TextBlock] (133) [See below]
Whether company has written CSR policy Yes
Textual information
Details CSR policy [TextBlock] (134) [See below]
Average net profit for last three financial years 87.97
Prescribed CSR expenditure 1.7594
Amount CSR to be spent for financial year 2.57
Amount CSR spent for financial year 1.22
Amount spent in local area 1.22
Amount spent on construction/acquisition of any asset in cash 0
Amount spent on construction/acquisition of any asset yet to
0
be paid in cash
Total amount spent on construction/acquisition of any asset 0
Amount spent on purposes other than construction/acquisition
1.22
of any asset in cash
Amount spent on purposes other than
0
construction/acquisition of any asset yet to be paid in cash
Total amount spent on purposes other than
1.22
construction/acquisition of any asset
Amount unspent CSR 1.36
Through NDDB Foundation
Details of implementing agency for Nutrition
The implementation and
Disclosure responsibility statement of CSR committee that monitoring of CSR policy
implementation and monitoring of CSR policy is in compliance is in compliance with CSR
with CSR policy of company objectives and policy of
the Company
364
Disclosure of corporate social responsibility explanatory [Text Block]
Rs. in Crore
Note 36 Corporate Social Responsibility expenditure March 31, 2020 March 31, 2019
(i) Gross amount required to be spent by the company during the year 1.76 2.97
(ii) Amount spent during the year
(i) Construction and acquisition of assets - -
(ii) On purpose other than (i) above 1.22 2.16
Disclosure of composition of CSR committee [Text Block]

365
Details CSR policy [Text Block]

The Focus Ares of CSR Activities are
1. Poverty alleviation, Women empowerment, Prevention of malnutrition with appropriate supplements
2. Ensuring environmental sustainability and conservation of natural resources, with specific emphasis on water.
3. Contribution to the society NDDB Foundation for Nutrition.
4. Contributing to Prime Ministers National Relief Fund or any other fund set up by the central government for socio-economic development, if
needed.
5. Any other activity specified in schedule VII to the Companies Act, 2013
The CSR policy is available at the web site of the Company (www.motherdairy.com)
[610500] Notes - Events after reporting period

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information
Disclosure of events after reporting period [TextBlock] (135) [See below]
Disclosure of non-adjusting events after reporting period [TextBlock]
Whether there are non adjusting events after reporting period No No
Disclosure of events after reporting period [Text Block]

Note 43 Events occurring after the reporting period
(i) Approval of financials statements-The financial statements were authorised for issue by the Board of Directors on September 25, 2020.
[612500] Notes - Share-based payment arrangements

01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of share-based payment arrangements [TextBlock]
Whether there are any share based payment arrangement No No
Disclosure of number and weighted average exercise prices of share options
[TextBlock]
Number of share options outstanding in share-based payment
[pure] 0 [pure] 0 [pure] 0
arrangement at end of period
Weighted average exercise price of share options outstanding in
0 0
share-based payment arrangement at end of period
Disclosure of number and weighted average exercise prices of other equity
instruments [TextBlock]
Number of other equity instruments outstanding in share-based
[pure] 0 [pure] 0
payment arrangement at end of period
Weighted average exercise price of other equity instruments
0 0
outstanding in share-based payment arrangement at end of period
366
[613000] Notes - Earnings per share

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information
Disclosure of earnings per share [TextBlock] (136) [See below]
Basic earnings (loss) per share from continuing operations [INR/shares] -6.31 [INR/shares] -3.67
Basic earnings (loss) per share from discontinued operations [INR/shares] 0 [INR/shares] 0
Total basic earnings (loss) per share [INR/shares] -6.31 [INR/shares] -3.67
Diluted earnings (loss) per share from continuing operations [INR/shares] -6.31 [INR/shares] -3.67
Diluted earnings (loss) per share from discontinued operations [INR/shares] 0 [INR/shares] 0
Total diluted earnings (loss) per share [INR/shares] -6.31 [INR/shares] -3.67
Profit (loss), attributable to ordinary equity holders of parent entity
[Abstract]
Profit (loss) from continuing operations attributable to ordinary
-157.7 -91.83
equity holders of parent entity
Profit (loss) from discontinued operations attributable to ordinary
0 0
equity holders of parent entity
Profit (loss), attributable to ordinary equity holders of parent entity -157.7 -91.83
Profit (loss) from continuing operations attributable to
ordinary equity holders of parent entity including dilutive -157.7 -91.83
effects
Profit (loss) from discontinued operations attributable to
ordinary equity holders of parent entity including dilutive 0 0
effects
Profit (loss), attributable to ordinary equity holders of parent
-157.7 -91.83
entity including dilutive effects
Weighted average shares and adjusted weighted average shares [Abstract]
Weighted average number of ordinary shares outstanding [shares] 25,00,00,070 [shares] 25,00,00,070
Adjusted weighted average shares [shares] 25,00,00,070 [shares] 25,00,00,070
Increase (decrease) in number of ordinary shares issued [shares] 0 [shares] 0
Dilutive effect of convertible instruments on number of ordinary shares [shares] 0 [shares] 0
Dilutive effect of share options on number of ordinary shares [shares] 0 [shares] 0
367
Disclosure of earnings per share [Text Block]
Note 28 Earnings (Loss) per share (EPS) March 31, 2020 March 31, 2019
Weighted average number of equity shares of Rs. 10 each outstanding during the year
(a)Net profit (loss) after tax available for Equity shareholders(Rs. in Crores) (157.70) (91.83)
(b) Weighted average number of equity shares of Rs.10 each outstanding during the year 250000070 250000070
(c) Basic earnings (loss) per share (in rupees) (a/b) (6.31) (3.67)
(d) Diluted earnings (loss) per share (In rupees)(a/b) (6.31) (3.67)
The Company does not have any outstanding potential dilutive equity shares.
[610900] Notes - First time adoption

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of first-time adoption [TextBlock]
Whether company has adopted Ind AS first time No No
Disclosure of reconciliation of equity from previous GAAP to Ind AS
[TextBlock]
Equity as per Indian GAAP 0 0
Equity as per Ind AS 0 0
Disclosure of reconciliation of comprehensive income from previous GAAP
to Ind AS [TextBlock]
Comprehensive income as per Indian GAAP 0 0
Comprehensive income as per Ind AS 0 0
Disclosure of reconciliation of profit (loss) for the period from
previous GAAP to Ind AS [TextBlock]
Profit (loss) for the period as per Indian GAAP 0 0
Profit (loss) for the period as per Ind AS 0 0
368

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MOTHER DAIRY FRUIT AND VEGETABLE PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[700300] Disclosure of general information about company

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

[700600] Disclosures - Directors report

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Nature of related party relationship Holding company Holding company

Description of nature of material

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(2)

Description of nature of material

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(3)

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(4)

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(5)

Nature of related party relationship Fellow Subsidiary company Holding company

Description of nature of material

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

NIC code of product/service 105 104

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

Deposits accepted during year 0

Disclosure of appointment and remuneration of director or Textual information (15)

Number of meetings of board [pure] 8

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

Directors Report to Shareholders

Performance of the Company

Financial Performance - Summarized Profit and Loss Account

Value Rs. Crore

Particulars 2019-20 2018-19

Net Sales 10,420 9,518

Add Other Income 27 31

Total 10,447 9,549

Less Operating Expenses 10,531 9,365

PBDIT (84) 184

Less Depreciation 109 93

Less Interest (net) 56 42

PBT before exceptional item (249) 49

Less Exceptional items 0 191

PBT (249) (142)

Add Provision for Taxation/Deferred tax 92 50

Less Other Comprehensive Income (7) (6)

Net Profit (164) (98)

Adopting New Technologies

a. Generated 10.77 Lakh units of electricity in FY 2019-20.

b. CO2 emission reduced by 861 Tonnes.

c. Achieved savings of Rs. 85.06 Lakh.

Plastic waste management

Awards and recognition

a. Safety Innovation Award Institution of Engineers.

b. Greentech Safety Award- Green Tech foundation.

c. National safety award- Ministry of Labour and Employment Government of India.

New capacities that have been created/ Capacities enhanced in FY 2019-20

THE YEAR 2019-20 AND THE YEAR AHEAD

Performance of Business and Categories

Milk and Dairy Products Business

Value Added Dairy Products

Plans for 2020-21 are

- Further thrust on Mustard Oil Category.

- Addition of 26,000 New Buying outlets.

Research & Development Innovation, Quality Assurance, Analytical + Technology Absorption

Information and Technology

Directors Responsibility Statement

Corporate Social Responsibility Policy