of the risks of material misstatement of the Ind-AS

financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our audit opinion on the
Company’s internal financial controls with reference to financial
statements.
Meaning of Internal Financial Controls with reference to
Financial Statements
A Company's internal financial control 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 accounting principles. A
Company's internal financial control with reference to financial
statements includes those policies and procedures that:
(1) pertain to 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 Ind-AS financial statements
in accordance with generally accepted accounting principles,
and that receipts and expenditures of the Company are
being made only in accordance with authorizations of Management
and directors of the Company; and
(3) provide reasonable assurance regarding prevention
or timely detection of unauthorized acquisition, use, or
disposition of the Company's assets that could have a material
effect on the Ind-AS financial statements.
Inherent Limitations of Internal Financial Controls with
reference to Financial Statements
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
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
In our opinion, the Company has, in all material respects, an
adequate internal financial controls with reference to financial
statements and such internal financial controls with reference to
financial statements were operating effectively as at June 30, 2021,
based on the internal control with reference to financial
statements criteria established by the Company considering the
essential components of internal control stated in the Guidance Note.
For KALYANIWALLA & MISTRY LLP CHARTERED ACCOUNTANTS
Firm Regn. No.: 104607W / W100166
Roshni Marfatia
PARTNER
M. No. 106548 UDIN: 21106548AAAAEO2098
Mumbai: August 25, 2021
BALANCE SHEET AS AT JUNE 30, 2021
 Notes As at June 30, 2021
` in lakhs

Assets
Non-current assets
         Property, plant and equipment                                                                4                                   18 381
         Capital work-in-progress                                                                 Financial         4                                    3 758
assets
           (i)    Loans                                                                                        5 3,799
         Deferred tax assets (Net)                                                                 7                              3 802
         Non-current tax assets (Net)                                                                           15,123
           Other non-current assets                                                                        8       6,673
  Total non-current assets                                                                                        51,536
Current assets
         Inventories                                                                                       9                            24 930
Financial assets
           (i)    Trade receivables                                                                     10                             14 235
         (ii)   Cash and cash equivalents                                                          11 (a)                                64 767
         (iii)  Bank balances other than (ii) above                                           11 (b)    1,257
           (iv)   Loans                                                                                        5                                  574
           (v)    Other financial assets                                                              6 2,520
           Other current assets                                                                                8                                    3 452
                                     1 11 735  
         Non-current assets held for sale                                                         8 (a)                            ---- 
  Total current assets                                                                                                                     1 11 735  
  Total assets                                                                                                                                  1 63 271
Equity and Liabilities
Equity
         Equity share capital                                                                         12                              3 246
           Other equity                                                                                     13                             68 181
  Total equity                                                                                                             71,427
Liabilities
Non-current liabilities
Financial liabilities
           (i)    Other financial liabilities                                                          16                                     18
         Provisions                                                                                                14                                    8 280
  Total non-current liabilities                                                                                   8,298
Current liabilities
Financial liabilities
(i) Trade payables
                Dues to micro and small enterprises                                      15 1,255
                Dues to others                                                                          15                             74 155
           (ii)   Other financial liabilities                                                          16 3,599
         Provisions                                                                                                14       500
         Current tax liabilities (Net)                                                              17 705
           Other current liabilities                                                                          18       3,332
  Total current liabilities                                                                                           83,546
  Total liabilities                                                                                                        91,844
  Total equity and liabilities                                                                                                           1 63 271
See accompanying notes to the financial statements
 As at June 30, 2020
` in lakhs

                      20 650  
                         2 215  

                              4 147
                             2 958
13,116
6,915
50,001

20,505

                           16 634
                          88 404
                              1 846
632
2,170
                              1 884
                    1 32 075  
                                 764
                    1 32 839  
                   1 82 840

                             3 246
                         1 12 540
                     1 15 786  

                                  147
                             7 402
7,549

617
52,516
2,353
500
1,339
                              2 180
59,505
67,054
                    1 82 840
In terms of our report attached
For KALYANIWALLA & MISTRY LLP For and on behalf of Board of Directors
Chartered Accountants
Firm Regn No : 104607W/W100166
Roshni Marfatia Partner
M. No.: 106548
Place: Mumbai
Date: August 25, 2021
Chittranjan Dua Chairman
DIN: 00036080
Prashant Bhatnagar
Chief Financial Officer
Madhusudan Gopalan Managing
Director DIN No : 08158357
Flavia Machado Company
Secretary
STATEmENT Of PROfIT AND LOSS fOR THE yEAR ENDED JUNE
30, 2021
 Notes Year ended June 30,
2021
` in lakhs
Income
Revenue from operations 19 3 57 414
Other income 20 3,938
Total income 3 61 352
Expenses
Cost of raw and packing materials consumed 21 1 12 839
Purchases of stock-in-trade (Traded Goods) 4,113
Changes in inventories of finished goods, work-in- 22 (1,022)
progress and stock-in-trade
Employee benefits expense 23 20,168
Finance costs 24 611
Depreciation expense 4 4,766
Impairment losses 8 (a) 764
Other expenses 25 1 32 124
Total expense 2 74 363
Profit before tax from operations 86,989
Tax expense
Current tax 26.1 22,873
Deferred tax 26.1 (889)
Prior year tax adjustments 26.1 (174)
Income tax expense 21,810
Profit for the year 65,179
Other comprehensive income
Items that will not be reclassified to Statement of Profit
and Loss
Re- measurement of the defined benefit plans 29.2.B 179
Income tax effect on above 26.2 (45)
Total other comprehensive income for the year 134
Total comprehensive income for the year 65,313
Earnings per equity share 28
- Basic (in `) 200.79
- Diluted (in `) 200.79
Face Value of Equity Share (in ` ) 10.00
See accompanying notes to the financial statements
Year ended June 30,
2020
` in lakhs

3 00 199
4,411
3 04 610

1 06 217
5,240
(782)

17,329
607
4,788
1,388
1 10 436
2 45 223
59,387

15,670
775
(366)
16,079
43,308

(226)
57
(169)
43,139

133.42
133.42
10.00
In terms of our report attached
For KALYANIWALLA & MISTRY LLP For and on behalf of Board of Directors
Chartered Accountants
Firm Regn No : 104607W/W100166
Roshni Marfatia Partner
M. No.: 106548
Place: Mumbai
Date: August 25, 2021
Chittranjan Dua Chairman
DIN: 00036080
Prashant Bhatnagar
Chief Financial Officer
Madhusudan Gopalan Managing
Director DIN No : 08158357
Flavia Machado Company
Secretary
STATEmENT Of CASH fLOwS fOR THE yEAR ENDED JUNE 30,
2021
 Year ended
June 30, 2021
` in lakhs
A. Cash Flows from Operating Activities
Profit before tax 86,989
Adjustments for:
Depreciation expense 4,766
Loss / (Gain) on disposal of property, plant and equipment 185
Finance costs 593
Allowance for doubtful receivables (Net of recovery) (112)
Interest income (3,097)
Impairment losses 764
Net foreign exchange (gain) / loss (140)
Expense recognised in respect of equity settled share based payments 695

Operating profit before working capital changes 90,643

Working capital adjustments
Decrease in trade and other receivables 2,538
Decrease / (increase) in financial assets 97
(Increase) in inventories (4,425)
(Increase) in other assets (1,326)
Increase / (decrease) in trade and other payables 23,542
Increase in provisions 583
Cash generated from operations 1 11 652
Income taxes paid (25,340)
Net cash generated from operating activities 86,312
B. Cash Flows from Investing Activities
Interest received 3,056
Loans realised ----
Loans given ----
Payment to acquire property, plant and equipment (3,160)
Proceeds from sale of property, plant and equipment 14
Net bank deposits (placed) ----
Changes in earmarked balances 784
Net cash generated from investing activities 694
Year ended June
30, 2020
` in lakhs

59,387

4,788
257
577
78
(3,268)
1,388
(214)
525

63,518

1,451
(306)
(163)
(593)
(2,325)
147
61,729
(14,354)
47,375

3,912
18,000
(9,000)
(5,102)
68
221
(627)
7,472
STATEmENT Of CASH fLOwS fOR THE yEAR ENDED JUNE 30,
2021 (CONTD.)
 Year ended
June 30, 2021
` in lakhs
C. Cash Flows from Financing Activities
Dividend and dividend tax paid (1 10 367)
Principal payment of lease liabilities (157)
Interest paid on lease liabilities (18)
Interest paid other than on lease liabilities (101)
Net cash (used in) financing activities ( 1 10 643)
Net increase in cash and cash equivalents (23,637)
Cash and cash equivalents at the beginning of the year 88,404
Cash and cash equivalents at the end of the year (refer note 11(a)) 64,767
Year ended June
30, 2020
` in lakhs

(18,784)
(129)
(31)
(89)
(19,033)
35,814
52,590
88,404
Note:
The above Cash Flow Statement has been prepared under the “Indirect Method” as set out in the Indian Accounting Standard (Ind AS 7)
Statement of Cash Flows.
See accompanying notes to the financial statements
In terms of our report attached
For KALYANIWALLA & MISTRY LLP For and on behalf of Board of Directors
Chartered Accountants
Firm Regn No : 104607W/W100166
Roshni Marfatia Partner
M. No.: 106548
Place: Mumbai
Date: August 25, 2021
Chittranjan Dua Chairman
DIN: 00036080
Prashant Bhatnagar
Chief Financial Officer
Madhusudan Gopalan Managing
Director DIN No : 08158357
Flavia Machado Company
Secretary
STATEmENT Of CHANgES IN EqUITy fOR THE yEAR ENDED JUN
30, 2021
a. Equity share capital
 Amount
` in lakhs
  Balance as at July 1, 2019                                                                     3 246 
Changes in equity share capital during the year ----
Balance as at June 30, 2020 3,246
Changes in equity share capital during the year ----
Balance as at June 30, 2021 3,246
b. Other equity
 Attributable to the equity share holders of the Company
Reserves & surplus
General Securities Share options Retained
reserve premium outstanding earnings
account

` in lakhs ` in lakhs ` in ` in lakhs

lakhs         47 433          87 660 
  Balance as at July 1, 2019                                            30 959            7 519              1 749 
  Profit for the year                                                           ----              ----               ----            43 308           43 308
  Items of OCI for the year, net of tax                      
Remeasurement benefit of defined benefit ---- ---- ---- (169) (169)
olders of the Company

Total

` in lakhs
47 433          87 660 
8           43 308

(169) (169)
plans
  Total comprehensive income for the year                           ----              --          43 139           43 139 
  Payment of dividends (refer note 39)                                 ----              ----               ----           (15 581)          (15 581)
  Payment of dividend distribution tax                                 ----              --         (3 203)          (3 203) 
Recognition of share-based payments ---- ---- 525 ----
Balance as at June 30, 2020 30,959 7,519 2,274 71,788
 525
1 12 540
  Profit for the year                                                           ----              --          65 179           65 179 
  Items of OCI for the year, net of tax                                                                                                                                               
Remeasurement benefit of defined benefit
plans
---- ---- ---- 134 134
  Total comprehensive income for the year                           ----              --          65 313           65 313 
  Payment of dividends (refer note 39)                                 ----              --      (1 10 367)       (1 10 367) 
  Payment of dividend distribution tax                                 ----              ----               ----              ----              ---- 
Recognition of share-based payments ---- ---- 695 ----
Balance as at June 30, 2021 30,959 7,519 2,969 26,734
See accompanying notes to the financial statements
 695
68,181
In terms of our report attached
For KALYANIWALLA & MISTRY LLP For and on behalf of Board of Directors
Chartered Accountants
Firm Regn No : 104607W/W100166
Roshni Marfatia Partner
M. No.: 106548
Place: Mumbai
Date: August 25, 2021
Chittranjan Dua Chairman
DIN: 00036080
Prashant Bhatnagar
Chief Financial Officer
Madhusudan Gopalan Managing
Director DIN No : 08158357
Flavia Machado Company
Secretary