Instance VRB 2021-22.xml

VRB CONSUMER PRODUCTS PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2021 to 31/03/2022
(generated by PrivateCircle)
[100100] Balance sheet
Unless otherwise specified, all monetary values are in Lakhs of INR

Period FY 2022 FY 2021 FY 2020
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 894.1967 894.1967 894.1967
Reserves and surplus 17,476.8 19,484.33
Money received against share warrants 4.14 0.6
Total shareholders' funds 18,375.14 20,379.13
Share application money pending allotment 0 0
Non-current liabilities [Abstract]
Long-term borrowings 0 0
Other long-term liabilities 53.02 37.76
Long-term provisions 217.44 146.54
Total non-current liabilities 270.46 184.3
Current liabilities [Abstract]
Short-term borrowings 1,018.95 1,684.21
Trade payables (A) 9,816.92 (B) 5,844.26
Other current liabilities 1,420.66 1,063.37
Short-term provisions 205.9 159.75
Total current liabilities 12,462.43 8,751.59
Total equity and liabilities 31,108.03 29,315.02
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets (C) 11,017.96 (D) 10,850.32
Intangible assets 35.87 31.05
Tangible assets capital work-in-progress 27.23 11.98
Total fixed assets 11,081.06 10,893.35
Non-current investments 0 0
Long-term loans and advances 24.3 34.49
Other non-current assets 87.18 74.21
Total non-current assets 11,192.54 11,002.05
Current assets [Abstract]
Current investments 11,918.6 11,252.65
Inventories 4,113.87 3,088.57
Trade receivables 1,561.09 1,504.42
Cash and bank balances 1,851.63 1,217.01
Short-term loans and advances 440.08 1,221.79
Other current assets 30.22 28.53
Total current assets 19,915.49 18,312.97
Total assets 31,108.03 29,315.02
VRB CONSUMER PRODUCTS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2021 to 31/03/2022 (generated by PrivateCircle)
Footnotes
(A)
(b) Total outstanding dues of creditors other than micro enterprises and small enterprises : 8881.72 (a) Total outstanding dues of micro
enterprises and small enterprises : 935.2
(B)
(b) Total outstanding dues of creditors other than micro enterprises and small enterprises : 4967.03 (a) Total outstanding dues of micro
enterprises and small enterprises : 877.23
(C) Property, Plant and Equipment : 11017.96
(D) Property, Plant and Equipment : 10850.32
2
[100200] Statement of profit and loss

Period FY 2022 FY 2021
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company [Abstract]
Revenue from sale of products (A) 54,090.85 (B) 32,622.87
Revenue from sale of services 0 0
Other operating revenues (C) 146.85 (D) 87.99
Total revenue from operations other than finance company 54,237.7 32,710.86
Total revenue from operations 54,237.7 32,710.86
Other income 1,086.11 71.5
Total revenue 55,323.81 32,782.36
Expenses [Abstract]
Cost of materials consumed 28,839.61 15,194.52
Purchases of stock-in-trade 0 51.08
Changes in inventories of finished goods, work-in-progress and stock-in-trade -467.08 -332.6
Employee benefit expense 8,241.49 5,313.13
Finance costs 49.16 83.65
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense (E) 716.65 (F) 604.96
Total depreciation, depletion and amortisation expense 716.65 604.96
CSR expenditure 0 0
Other expenses 20,002.3 13,213.69
Total expenses 57,382.13 34,128.43
Total profit before prior period items, exceptional items, extraordinary items and tax -2,058.32 -1,346.07
Total profit before extraordinary items and tax -2,058.32 -1,346.07
Total profit before tax -2,058.32 -1,346.07
Tax expense [Abstract]
Total tax expense 0 0
Total profit (loss) for period from continuing operations -2,058.32 -1,346.07
Total profit (loss) for period before minority interest -2,058.32 -1,346.07
Total profit (loss) for period -2,058.32 -1,346.07
Earnings per equity share [Abstract]
[INR/shares] [INR/shares]
Basic earning per equity share -29.55 -19.32
[INR/shares] [INR/shares]
Diluted earnings per equity share -29.55 -19.32
Footnotes
(A) Revenue from operations -Finished goods : 54090.19 Traded goods : 0.66
(B) Revenue from operations -Finished goods : 32581.69 Traded goods : 41.18
(C) Other operating revenue - Scrap Sales : 146.85
(D) Other operating revenue - Scrap Sales : 87.99
(E) Depreciation and amortization expense : 716.65
(F) Depreciation and amortization expense : 604.96
3
[100300] Cash flow statement, direct

Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Net cash flows from (used in) operations 1,919.1 385.1
Interest paid -40.46 -82.69
Interest received -77.5 -37.82
Other inflows (outflows) of cash (A) -111.13 (B) 962.42
Net cash flows from (used in) operating activities before extraordinary items 1,770.93 1,392.39
Net cash flows from (used in) operating activities 1,770.93 1,392.39
Cash flows from used in investing activities [Abstract]
Proceeds from sales of tangible assets 21.58 8.85
Purchase of tangible assets (C) 793.59 (D) 520.98
Proceeds from sales of intangible assets 8,672.08 0
Purchase of intangible assets 8,391.64 34.45
Interest received 59.81 37.74
Other inflows (outflows) of cash -339.26 -5.21
Net cash flows from (used in) investing activities before extraordinary items -771.02 -514.05
Net cash flows from (used in) investing activities -771.02 -514.05
Cash flows from used in financing activities [Abstract]
Repayments of borrowings (E) 665.26 (F) 174.91
Interest paid 40.46 82.72
Other inflows (outflows) of cash (G) 3.54 (H) 0
Net cash flows from (used in) financing activities before extraordinary items -702.18 -257.63
Net cash flows from (used in) financing activities -702.18 -257.63
Net increase (decrease) in cash and cash equivalents before effect of exchange rate
changes 297.73 620.71
Net increase (decrease) in cash and cash equivalents 297.73 620.71
Cash and cash equivalents cash flow statement at end of period 1,471.67 1,173.94 553.23
Footnotes
(A)
Rent equalization reserve : 15.26 Loss/(profit) on sale of property, plant and equipment : -2.61 Provision for diminution in value of investments
(current investment) : 12.2 Employee stock compensation expenses : 50.79 Net (gain)/ loss on sale of current investments : -958.59 Non
operating income : -9.94 Decrease in loans and advances : 781.76 Provision for doubtful debts : 0
(B)
Rent equalization reserve : 3.94 Loss/(profit) on sale of property, plant and equipment : 8.04 Provision for diminution in value of investments
(current investment) : -0.56 Employee stock compensation expenses : 65.84 Net (gain)/ loss on sale of current investments : 0 Non operating
income : 0 Decrease in loans and advances : 855.45 Provision for doubtful debts : 29.71
(C) Purchase of property,plant and equipment, including CWIP and Capital advances.
(D) Purchase of property, plant and equipment, including CWIP and capital advances.
(E) Repayment of long-term borrowings : 0 Repayment of short-term borrowings : -665.26
(F) Repayment of long-term borrowings : -5.57 Repayment of short-term borrowings : -169.34
(G) Money received against share warrants : 3.54
(H) Money received against share warrants : 0
4
[100400] Cash flow statement, indirect

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 extraordinary items and tax -2,058.32 -1,346.07
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for depreciation and amortisation expense 716.65 604.96
Total adjustments to profit (loss) 716.65 604.96
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories -1,025.3 187.67
Adjustments for decrease (increase) in trade receivables -46.73 475.21
Adjustments for decrease (increase) in other current assets 5.4 0
Adjustments for increase (decrease) in trade payables 3,972.66 487.61
Adjustments for increase (decrease) in other current liabilities 237.69 -88.24
Adjustments for provisions 117.05 63.96
Total adjustments for working capital 3,260.77 1,126.21
Total adjustments for reconcile profit (loss) 3,977.42 1,731.17
Net cash flows from (used in) operations 1,919.1 385.1
Interest paid -40.46 -82.69
Interest received -77.5 -37.82
Other inflows (outflows) of cash (A) -111.13 (B) 962.42
Net cash flows from (used in) operating activities before extraordinary items 1,770.93 1,392.39
Net cash flows from (used in) operating activities 1,770.93 1,392.39
Cash flows from used in investing activities [Abstract]
Proceeds from sales of tangible assets 21.58 8.85
Purchase of tangible assets (C) 793.59 (D) 520.98
Proceeds from sales of intangible assets 8,672.08 0
Purchase of intangible assets 8,391.64 34.45
Other inflows (outflows) of cash -339.26 -5.21
Net cash flows from (used in) investing activities before extraordinary items -771.02 -514.05
Net cash flows from (used in) investing activities -771.02 -514.05
Cash flows from used in financing activities [Abstract]
Repayments of borrowings (E) 665.26 (F) 174.91
Interest paid 40.46 82.72
Other inflows (outflows) of cash (G) 3.54 (H) 0
Net cash flows from (used in) financing activities before extraordinary items -702.18 -257.63
Net cash flows from (used in) financing activities -702.18 -257.63
Net increase (decrease) in cash and cash equivalents before effect of exchange rate
changes 297.73 620.71
Net increase (decrease) in cash and cash equivalents 297.73 620.71
Cash and cash equivalents cash flow statement at end of period 1,471.67 1,173.94 553.23
Footnotes
(A)
Rent equalization reserve : 15.26 Loss/(profit) on sale of property, plant and equipment : -2.61 Provision for diminution in value of investments
(current investment) : 12.2 Employee stock compensation expenses : 50.79 Net (gain)/ loss on sale of current investments : -958.59 Non
operating income : -9.94 Decrease in loans and advances : 781.76 Provision for doubtful debts : 0
(B)
Rent equalization reserve : 3.94 Loss/(profit) on sale of property, plant and equipment : 8.04 Provision for diminution in value of investments
(current investment) : -0.56 Employee stock compensation expenses : 65.84 Net (gain)/ loss on sale of current investments : 0 Non operating
income : 0 Decrease in loans and advances : 855.45 Provision for doubtful debts : 29.71
(C) Purchase of property,plant and equipment, including CWIP and Capital advances.
(D) Purchase of property, plant and equipment, including CWIP and capital advances.
(E) Repayment of long-term borrowings : 0 Repayment of short-term borrowings : -665.26
(F) Repayment of long-term borrowings : -5.57 Repayment of short-term borrowings : -169.34
(G) Money received against share warrants : 3.54
5
(H) Money received against share warrants : 0
6
[200100] Notes - Share capital

Textual
Disclosure of notes on share capital explanatory [Text Block] Information (1)
Disclosure of reduction in capital [Abstract]
Whether reduction in capital done during year No No
Disclosure of public offering [Abstract]
Whether money raised from public offering during year No No
Disclosure of classes of share capital [Table] ..(1)

Classes of share capital [Axis] Share capital [Member]
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [Line Items]
[shares] [shares]
Number of shares authorised 14,000,000 14,000,000
Value of shares authorised 1,400.00 1,400.00
Number of shares issued [shares] 8,941,967 [shares] 8,941,967
Value of shares issued 894.1967 894.1967
Number of shares subscribed and fully paid [shares] 8,941,967 [shares] 8,941,967
Value of shares subscribed and fully paid 894.1967 894.1967
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
Total number of shares subscribed [shares] 8,941,967 [shares] 8,941,967
Total value of shares subscribed 894.1967 894.1967
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 8,941,967 [shares] 8,941,967
Value of shares called 894.1967 894.1967
Calls unpaid [Abstract]
Calls unpaid by directors and officers [Abstract]
Calls unpaid by directors 0 0
Calls unpaid by officers 0 0
Total calls unpaid by directors and officers 0 0
Calls unpaid by others 0 0
Total calls unpaid 0 0
Forfeited shares 0 0
Forfeited shares reissued 0 0
Value of shares paid-up 894.1967 894.1967
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
Number of shares issued as bonus shares [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0
Number of shares issued in private placement arising out of conversion of
debentures preference shares during period [shares] 0 [shares] 0
Number of shares issued in other private placement [shares] 0 [shares] 0
Number of shares issued as preferential allotment arising out of conversion of
Number of shares issued as other preferential allotment [shares] 0 [shares] 0
Number of shares allotted for contracts without payment received in cash [shares] 0 [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 0
Number of shares issued under employee stock option plan [shares] 0 [shares] 0
Number of other issue of shares arising out of conversion of securities [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
Number of shares redeemed [shares] 0 [shares] 0
Number of shares bought back [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0
Number of shares outstanding at end of period [shares] 8,941,967 [shares] 8,941,967 [shares] 8,941,967
Reconciliation of value of shares outstanding [Abstract]
7
Changes in share capital [Abstract]

Increase in share capital during period [Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
Amount of rights issue during period 0 0
Amount of private placement issue arising out of conversion of debentures
preference shares during period 0 0
Amount of other private placement issue during period 0 0
Amount of preferential allotment issue arising out of conversion of debentures
Amount of other preferential allotment issue during period 0 0
Amount of issue allotted for contracts without payment received in cash during
period 0 0
Amount of issue under scheme of amalgamation during period 0 0
Amount of other issues during period 0 0
Amount of employee stock option plan issued during period 0 0
Amount of other issue arising out of conversion of securities during period 0 0
Total aggregate amount of increase in share capital during period 0 0
Decrease in share capital during period [Abstract]
Decrease in amount of shares redeemed 0 0
Decrease in amount of shares bought back 0 0
Other decrease in amount of shares 0 0
Total decrease in share capital during period 0 0
Total increase (decrease) in share capital 0 0
Share capital at end of period 894.1967 894.1967 894.1967
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Shares in company held by holding company [shares] 0 [shares] 0
Shares in company held by ultimate holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0
Shares in company held by associates of its holding company [shares] 0 [shares] 0
Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0
Total shares in company held by holding company or ultimate holding company or
by its subsidiaries or associates [shares] 0 [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,
principal 0 0
interest accrued 0 0
Total application money received for allotment of securities and due for refund
and interest accrued thereon 0 0

Classes of share capital [Axis] Equity shares [Member]
[shares] [shares]
8

period 0 0
9
principal 0 0

Classes of share capital [Axis] Equity shares 1 [Member]
Refer to child Refer to child
Type of share member member
[shares] [shares]
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0
10

period 0 0
principal 0 0

Classes of share capital [Axis] Preference shares [Member]
Number of shares authorised [shares] 4,000,000 [shares] 4,000,000
Value of shares authorised 400.00 400.00
11

period 0 0
12
principal 0 0

Classes of share capital [Axis] Preference shares 1 [Member]
Number of shares issued [shares] 752,077 [shares] 752,077
Number of shares subscribed and fully paid [shares] 752,077 [shares] 752,077
Total number of shares subscribed [shares] 752,077 [shares] 752,077
Number of shares paid-up [shares] 752,077 [shares] 752,077
Number of shares outstanding at end of period [shares] 752,077 [shares] 752,077 [shares] 752,077
13

period 0 0
principal 0 0

Number of shares authorised [shares] 800,000 [shares] 800,000
14

period 0 0
15
principal 0 0

16

period 0 0
principal 0 0

17

period 0 0
18
principal 0 0

19

period 0 0
principal 0 0
Disclosure of shareholding more than five per cent in company [Table] ..(1)

Classes of share capital [Axis] Share capital [Member]
Name of shareholder [Axis] Name of shareholder [Member]
Disclosure of shareholding more than five per cent in company [Abstract]
Whether there are any shareholders holding more than five per cent shares in company Yes Yes

Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of shareholding more than five per cent in company
[Abstract]
[Line Items]
Type of share member member Equity Share Equity Share
Name of shareholder Mr. Viraj Bahl Mr. Viraj Bahl
PAN of shareholder AHAPB0712B AHAPB0712B
Country of incorporation or residence of shareholder INDIA INDIA
20
Number of shares held in company [shares] 3,293,527 [shares] 3,507,695

Percentage of shareholding in company 47.28% 50.35%

Name of shareholder [Axis] Shareholder 2 [Member] Shareholder 3 [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]
Type of share Equity Share Equity Share Equity Share Equity Share
DSG Consumer DSG Consumer Verlinvest Asia Verlinvest Asia
Name of shareholder Partners Partners Pte Ltd Pte Ltd
PAN of shareholder AAECD4986F AAECD4986F AAGCV3823P AAGCV3823P
Country of incorporation or residence of shareholder MAURITIUS MAURITIUS SINGAPORE SINGAPORE
Number of shares held in company [shares] 785,018 [shares] 785,018 [shares] 2,145,199 [shares] 2,017,422
Percentage of shareholding in company 11.27% 11.27% 30.79% 28.96%

Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]
Type of share member member Preference Share Preference Share
Verlinvest Asia Verlinvest Asia
Name of shareholder Pte Ltd Pte Ltd
PAN of shareholder AAGCV3823P AAGCV3823P
Country of incorporation or residence of shareholder SINGAPORE SINGAPORE
Number of shares held in company [shares] 0 [shares] 0
Percentage of shareholding in company 0% 0%

Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]
Type of share Preference Share Preference Share Preference Share Preference Share
Saama Capital III Saama Capital III
Name of shareholder Ltd Ltd DSGCP Tyeb DSGCP Tyeb
PAN of shareholder AAVCS6565N AAVCS6565N AAGCD2246L AAGCD2246L
Country of incorporation or residence of shareholder MAURITIUS MAURITIUS MAURITIUS MAURITIUS
Number of shares held in company [shares] 517,481 [shares] 517,481 [shares] 0 [shares] 0
Percentage of shareholding in company 26.19% 26.19% 0% 0%

Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]
21
DSGCP Souza DSGCP Souza DSGCP Buildout DSGCP Buildout

Name of shareholder PCC PCC II II
PAN of shareholder AAECD9642A AAECD9642A AAHCD3502G AAHCD3502G
Number of shares held in company [shares] 165,597 [shares] 165,597 [shares] 6,108 [shares] 0
Percentage of shareholding in company 8.38% 8.38% 0.30% 0%

Name of shareholder [Axis] Shareholder 6 [Member]
Disclosure of shareholding more than five per cent in company [Line Items]
Type of share Preference Share Preference Share
Saama Capital Saama Capital
Opportunities Opportunities
Name of shareholder PCC-Cell 3 PCC-Cell 3
PAN of shareholder AAXCS6390P AAXCS6390P
Country of incorporation or residence of shareholder MAURITIUS MAURITIUS
Number of shares held in company [shares] 14,251 [shares] 0
Percentage of shareholding in company 0.72% 0%

Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]

Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]
22

Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]
Number of shares held in company [shares] 0 [shares] 0 [shares] 0 [shares] 0
Percentage of shareholding in company 0% 0% 0% 0%


Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]

Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]
Number of shares held in company [shares] 47,816 [shares] 47,816 [shares] 109,866 [shares] 109,866
23

Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]
Number of shares held in company [shares] 0 [shares] 0 [shares] 2,432 [shares] 0
Percentage of shareholding in company 0% 0% 0.12% 0%


Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]
Number of shares held in company [shares] 289,305 [shares] 259,799

Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]
Number of shares held in company [shares] 147,531 [shares] 147,531 [shares] 138,310 [shares] 138,310
24

Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]


Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]

Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]
Number of shares held in company [shares] 0 [shares] 0 [shares] 0 [shares] 0
Percentage of shareholding in company 0% 0% 0% 0%
25

Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]
Number of shares held in company [shares] 0 [shares] 0 [shares] 120,692 [shares] 120,692
Percentage of shareholding in company 0% 0% 6.11% 6.12%

Number of shares held in company [shares] 241,385 [shares] 241,385
Textual information (1): Disclosure of notes on share capital explanatory [Text Block]
As at As at
Particulars
31 March 2022 31 March 2021
Authorized shares (No. Lakhs)
100 (31 March 2021: 100) equity shares of Rs. 10/- each 1,000.00 1,000.00
40 (31 March 2021: 40) preference shares of Rs. 10/- each 400.00 400.00
Issued, subscribed and fully paid up equity shares (No. Lakhs)
69.66 (31 March 2021: 69.66) equity shares of Rs. 10/- each 696.64 696.64
Total 696.64 696.64
Issued, subscribed and fully paid up preference shares (No. Lakhs)
7.52 (31 March 2021: 7.52) 0.01% CCPS of Rs. 10/- each (Series A) 75.21 75.21
0.68 (31 March 2021: 0.68) 0.01% CCPS of Rs. 10/- each (Series B) 6.76 6.76
1.96 (31 March 2021: 1.96) 0.01% CCPS of Rs. 10/- each (Series C) 19.56 19.56
5.98 (31 March 2021: 5.98) 0.01% CCPS of Rs. 10/- each (Series D) 59.82 59.82
3.62 (31 March 2021: 3.62) 0.01% CCPS of Rs. 10/- each (Series E) 36.21 36.21
Total 197.56 197.56
Total issued, subscribed and fully paid up share capital 894.20 894.20
Reconciliation of the shares outstanding at the beginning and at the end of

the reporting year
Equity shares
26
As at As at
Particulars 31 March 31 March
2022 2021
Number Rs. Number Rs.
At the beginning of the year 69.66 696.64 69.66 696.64
Issued during the year - - - -
Converted from preference during the year - - - -
Outstanding at the end of the year 69.66 696.64 69.66 696.64
Preference shares
As at As at
Particulars 31 March 31 March
2022 2021
Number Rs. Number Rs.
At the beginning of the year 19.76 197.56 19.76 197.56
Issued during the year - - - -
Converted to equity during the year - - - -
Outstanding at the end of the year 19.76 197.56 19.76 197.56
Terms/rights attached to equity shares
The company has only one class of equity shares having par value of Rs. 10
per share. Each holder of equity shares is entitled to one vote per share.
Each holder of these equity shares is entitled to receive dividends as and
when declared by the company in proportion to their paid up value per share
to par value of their share.
In the event of liquidation of the company, the holders of equity shares will be
entitled to receive remaining assets of the company, after distribution of all
preferential amounts. The distribution will be in proportion to the number of
equity shares held by the shareholders.
Terms of conversion/redemption of CCPS
Series A- CCPS
As per terms of Shareholders' agreement dated 23 May 2015, the company
issued CCPS ("Series A Preference Shares") on May 29, 2015 of face value
of Rs. 10 per share at a security premium Rs. 279.86 each, convertible into
equity shares, in one or more tranches, at the option of Series A Investor.
They carry preferred, non-cumulative dividend @ 0.01%.
Series B- CCPS
As per terms of Shareholders' agreement dated 22 September 2016, the
company issued CCPS ("Series B Preference Shares") on October 05, 2016
of face value of Rs. 10 per share at a security premium Rs. 581.38 each,
convertible into equity shares, in one or more tranches, at the option of Series
B Investor. They carry preferred, non-cumulative dividend @ 0.01%.
Series C- CCPS
As per terms of Shareholders' agreement dated 20 September 2017, the
company issued CCPS ("Series C Preference Shares") on October 06, 2017
of face value of Rs. 10 per share at a security premium Rs. 704.64 each,
C Investor. They carry preferred, non-cumulative dividend @ 0.01%.
27
Series D- CCPS
As per terms of Shareholders' agreement dated 12 February 2018, the
company issued CCPS ("Series D Preference Shares") on March 02, 2018 of
face value of Rs. 10 per share at a security premium Rs. 1074.52 each,
D Investor. They carry preferred, non-cumulative dividend @ 0.01%.
As per terms of Shareholders' agreement dated 12 February 2018 and side
letter to Shareholders' agreement dated March 27, 2018, the company issued
CCPS ("Series D Preference Shares") on April 18, 2018 of face value of Rs.
10 per share at a security premium Rs. 1074.52 each, convertible into equity
shares, in one or more tranches, at the option of Series D Investor (DSGCP
Souza PCC, Mauritius). They carry preferred, non-cumulative dividend @
0.01%.
As per terms of Shareholders' agreement dated 11 July 2019 , the company
issued CCPS ("Series D Preference Shares") on July 18, 2019 of face value
of Rs. 10 per share at a security premium Rs. 1548.90 each, convertible into
equity shares, in one or more tranches, at the option of Series D Investor
(Verlinvest Asia Pte Ltd). They carry preferred, non-cumulative dividend @
0.01%.
Series E- CCPS
As per terms of Shareholders' agreement dated 13 November 2019, the
company issued CCPS ("Series E Preference Shares") on November 27,
2019 of face value of Rs. 10 per share at a security premium Rs. 2061.38
each, convertible into equity shares, in one or more tranches, at the option of
Series E Investor. They carry preferred, non-cumulative dividend @ 0.01%.
Each holder of CCPS may opt to convert its preference shares into equity
share at any time post the effective date of existing shareholders agreement
dated 05 August 2021 in the manner set forth in the Article of Association of
the company. If the holder exercises its conversion option, the company will
issue 1 equity shares for each preference share held.
If CCPS holders do not exercise conversion option, all preference shares
shall be compulsorily converted into fully paid-up equity shares upon the
sooner to occur of (a) the expiry of 19 (Nineteen) years from the date of their
respective allotment, or (b) if required by applicable law, on the occurence of
an initial public offering as is permissible under applicable law. Upon
conversion, such CCPS holders shall be entitled to receive equity share(s) of
the company in the conversion ratio of 1:1.
In the event of liquidation of the company before conversion of CCPS, the

holders of CCPS will have priority over equity shares in the payment of
dividend and repayment of capital.
The Investor of CCPS upon conversion to Equity Shares shall, without

prejudice to the special rights of the Investors under the Articles of the
company, rank pari passu with the Equity Shares.
In the event of an Optional Conversion or an Automatic Conversion, the
Company shall, at the discretion of the relevant Investors, either (a) pay in
cash due and unpaid dividends to the Investors, if any, on the Conversion
Shares (“Unpaid Dividend Amount”), within 15 (Fifteen) Business Days from
the date of such conversion, or (b) accrete the Unpaid Dividend Amount to
the conversion price through a suitable adjustment to the Series A
Conversion Ratio, Series B Conversion Ratio, Series C Conversion Ratio,
Series D Conversion Ratio or Series E Conversion Ratio, as applicable
(“Dividend Accretion”).
Details of shareholders holding more than 5% shares in the company
As at As at
Name of shareholder 31 March 31 March
2022 2021
Number % holding Number % holding
Equity shares of Rs. 10 each fully paid
Mr. Viraj Bahl 32.94 47.28% 35.08 50.35%
28
DSG Consumer Partners 7.85 11.27% 7.85 11.27%
Verlinvest Asia Pte Ltd 21.45 30.79% 20.17 28.96%
CCPS of Rs. 10 each fully paid
Verlinvest Asia Pte Ltd 3.00 15.17% 2.60 13.15%
Saama Capital III Ltd 7.80 39.51% 7.80 39.51%
DSGCP Tyeb 2.48 12.56% 2.48 12.56%
DSGCP Souza PCC 1.89 9.55% 1.89 9.55%
DSGCP Buildout II 1.29 6.54% 1.21 6.11%
Saama Capital Opportunities PCC-Cell 3 2.61 13.23% 2.41 12.22%
As per records of the company, including its register of shareholders/

members and other declarations received from shareholders (wherever
applicable) regarding beneficial interest, the above shareholding represents
both registered and beneficial ownerships of shares.
Shares reserved for issue under options
For details of shares reserved for issue under the employee stock option
(ESOP) plan of the company, refer note 28
For details of shares reserved for issue on conversion of CCPS, please refer
note 3 (c) regarding terms of conversion/ redemption of preference shares.
Details of shares held by promoters
As at 31 March 2022
No. of
shares No. of
Prom Change % change
at the b shares at % of Total
Particulars oter during the during the
eginnin the end of Shares
Name year year
g of the the year
year
Mr.
Equity shares of INR 10 each fully paid Viraj 35.08 (2.14) 32.94 47.28% -6.11%
Bahl
Total 35.08 (2.14) 32.94 47.28% -6.11%
As at 31 March 2021
No. of
shares No. of
Prom Change % change
at the b shares at % of Total
Particulars oter during the during the
eginnin the end of Shares
Name year year
g of the the year
year
Mr.
Equity shares of INR 10 each fully paid Viraj 35.08 - 35.08 50.4% 0.00%
Bahl
Total 35.08 - 35.08 50.35% 0.00%
Warrant
29
1. During the financial year 2017-18, 60,000 warrants had been issued to Mr.
Viraj Bahl (Promoter of the company) on February 05, 2018 at a subscription
price of Re. 1 per warrant. The price payable for exercise of Warrants shall
be an amount of Rs. 713.64 per Warrant and per warrant shall be converted
into 1 Equity Share of the Company.
2. During the financial year 2021-22, 2,53,868 warrants have been issued to
Mr. Viraj Bahl (Promoter of the company) on November 09, 2021 at a
subscription price of Re. 1 per warrant. The price payable for exercise of
Warrants shall be an amount of Rs. 2070.38 per Warrant and per warrant
shall be converted into 1 Equity Share of the Company.
3. During the financial year 2021-22, 1,00,000 warrants have been issued to
Mr. Viraj Bahl (Promoter of the company) on January 14, 2022 at a
subscription price of Re. 1 per warrant. The price payable for exercise of
Warrants shall be an amount of Rs. 2070.38 per Warrant and per warrant
shall be converted into 1 Equity Share of the Company.
30
[200200] Notes - Reserves and surplus

Period FY 2022
Textual
Disclosure of notes on reserves explanatory [Text Block] Information (2)
Statement of changes in reserves [Table] ..(1)

Components of reserves [Axis] Reserves [Member]
Statement of changes in reserves [Abstract]
Statement of changes in reserves [Line Items]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period -2,058.32 -1,346.07
Other additions to reserves 83.87 73.9
Total additions to reserves -1,974.45 -1,272.17
Deductions to reserves [Abstract]
Securities premium adjusted bonus shares 0 0
Securities premium adjusted writing off preliminary expenses 0 0
Securities premium adjusted writing off discount expenses issue shares
debentures 0 0
Securities premium adjusted premium payable redemption preference shares
debentures 0 0
Securities premium adjusted purchase own shares other securities under section
68 0 0
Other utilisation of securities premium if permitted 0 0
Other deductions to reserves 33.08 8.06
Total deductions to reserves 33.08 8.06
Appropriations for dividend, dividend tax and general reserve [Abstract]
Other appropriations 0 0
Transfer to general reserve 0 0
Total appropriations for dividend, dividend tax and general reserve 0 0
Appropriation towards bonus shares 0 0
Total changes in reserves -2,007.53 -1,280.23
Reserves at end of period 17,476.8 19,484.33 20,764.56

Components of reserves [Axis] Securities premium account [Member]
Profit (loss) for period 0 0
Other additions to reserves 0 0
Total additions to reserves 0 0
Securities premium adjusted bonus shares 0 0
Securities premium adjusted writing off preliminary expenses 0 0
Securities premium adjusted writing off discount expenses issue shares
debentures 0 0
Securities premium adjusted premium payable redemption preference shares
debentures 0 0
Securities premium adjusted purchase own shares other securities under section
68 0 0
Other utilisation of securities premium if permitted 0 0
Other deductions to reserves 0
Total deductions to reserves 0 0
Appropriations for dividend, dividend tax and general reserve [Abstract]
Other appropriations 0 0
Transfer to general reserve 0 0
Total appropriations for dividend, dividend tax and general reserve 0 0
Appropriation towards bonus shares 0 0
Total changes in reserves 0 0
31
Reserves at end of period 33,017.19 33,017.19 33,017.19

Components of reserves [Axis] Employee stock options outstanding [Member]
Profit (loss) for period 0 0
Other additions to reserves (A) 83.87 (B) 73.9
Total additions to reserves 83.87 73.9
Other deductions to reserves (C) 33.08 (D) 8.06
Total deductions to reserves 33.08 8.06
Total changes in reserves 50.79 65.84
Reserves at end of period 272.65 221.86 156.02
Footnotes
(A) Compensation options grantd during the year : 83.87
(B) Compensation options granted during the year : 73.9
(C) ESOP Lapsed during the year : 33.08
(D) ESOP lapsed during the year : 8.06

Components of reserves [Axis] Other reserves [Member]
Reserves at end of period -15,813.04 -13,754.72 -12,408.65
Description of nature and purpose of other reserves/funds member member

Components of reserves [Axis] Other reserves, others [Member]
Reserves at end of period -15,813.04 -13,754.72 -12,408.65
Deficit in Deficit in
Statement of Statement of
Description of nature and purpose of other reserves/funds Profit and Loss Profit and Loss
Textual information (2): Disclosure of notes on reserves explanatory [Text Block]
As at As at
Particulars
31 March 2022 31 March 2021
32
Securities premium account
Balance as per last financial statements 33,017.19 33,017.19
Add : Securities premium on issue of shares - -
Closing Balance 33,017.19 33,017.19
Employee Stock Options outstanding
Balance as per the last financial statements 221.86 156.02
Add: Compensation options granted during the year 83.87 73.90
Less: ESOP lapsed during the year 33.08 8.06
Closing Balance 272.65 221.86
(Deficit) in the statement of profit and loss
Balance as per last financial statements (13,754.72) (12,408.65)
Add: loss for the year (2,058.32) (1,346.07)
Net (deficit) in the statement of profit and loss (15,813.04) (13,754.72)
Total reserves and surplus 17,476.80 19,484.33
33
[200300] Notes - Borrowings

Period FY 2022
Textual
Disclosure of notes on borrowings explanatory [Text Block] Information (3)
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Short-term [Member]
Classification of borrowings [Axis] Borrowings [Member] Other loans and advances [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Details of borrowings [Abstract]
Details of borrowings [Line Items]
Borrowings 1,018.95 1,684.21 1,018.95 1,684.21
Nature of security [Abstract]
Refer to child Refer to child Refer to child Refer to child
Nature of security member member member member
Classification of borrowings [Table] ..(2)

Classification of borrowings [Axis] Other loans and advances, others [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member]
Details of borrowings [Abstract]
Details of borrowings [Line Items]
Borrowings (A) 1,018.95 (B) 1,684.21
Nature of security [Abstract]
Textual Textual
Nature of security Information (4) Information (5)
Footnotes
(A) Cash Credit from Bank : 700.79 Short term Loan : 318.16
(B) Cash credit from bank : 1349.21 Short term loan : 335
Textual information (3): Disclosure of notes on borrowings explanatory [Text Block]
As at As at
Particulars
31 March 2022 31 March 2021
Cash Credit from bank (secured)* 700.79 1,349.21
Short term loan 318.16 335.00
Total 1,018.95 1,684.21
*Cash credit from bank and Short Term Loan is secured against charge on current assets (stock, and book debts upto 60 days) with margin of
25%, moveable fixed assets both present and future and equitable mortgage of factory land and building situated at Keshwana. The cash credit
is repayable on demand and carries interest ranging from @ 7% to 8.5% p.a (31st March 2021- @ 7% to 9% p.a.)
Textual information (4): Nature of security
is repayable on demand and carries interest ranging from @ 7% to 8.5% p.a (31st March 2021- @ 7% to 9% p.a.)
Textual information (5): Nature of security
is repayable on demand and carries interest ranging from @ 7% to 9% p.a (31st March 2020- @ 9% to 10% p.a.)
34
[200400] Notes - Non-current investments

Period FY 2022
Non-current investments [Abstract]
Textual
Accounting policy for determination of carrying amount of investments [Text Block] Information (6)
Textual information (6): Accounting policy for determination of carrying amount of investments [Text Block]
Investments, which are readily realizable and intended to be held for not more than one year from the date on which such investments are made,
are classified as current investments. All other investments are classified as long-term investments.
On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly attributable acquisition charges such
as brokerage, fees and duties. If an investment is acquired, or partly acquired, by the issue of shares or other securities, the acquisition cost is
the fair value of the securities issued. If an investment is acquired in exchange for another asset, the acquisition is determined by reference to the
fair value of the asset given up or by reference to the fair value of the investment acquired, whichever is more clearly evident.
Current investments are carried in the financial statements at lower of cost and fair value determined on an individual investment basis.
Long-term investments are carried at cost. However, provision for diminution in value is made to recognize a decline other than temporary in the
value of the investments.
On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the statement of
profit and loss.
35
[200500] Notes - Current investments

Textual
Disclosure of notes on current investments explanatory [Text Block] Information (7)
Current investments [Abstract]
Textual
Accounting policy for determination of carrying amount of investments [Text Block] Information (8)
Aggregate amount of quoted current investments 11,918.6 11,252.65
Market value of quoted current investments 11,918.6 11,252.65
Aggregate amount of unquoted current investments 0 0
Aggregate provision for diminution in value of current investments 0 0
Details of current investments [Table] ..(1)

Classification of current investments [Axis] 1 2
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of details of current investments [Abstract]
Details of current investments [Line Items]
Investments in Investments in Investments in Investments in
Type of current investments mutual funds mutual funds mutual funds mutual funds
Current Current Current Current
Class of current investments investments investments investments investments
Unquoted Mutual Unquoted Mutual Unquoted Mutual Unquoted Mutual
Nature of current investments Funds Funds Funds Funds
Current investments 0 14.95 0 12.52
Valued at lower of Valued at lower of Valued at lower of Valued at lower of
cost and fair cost and fair cost and fair cost and fair
value, unless value, unless value, unless value, unless
Basis of valuation of current investments stated otherwise stated otherwise stated otherwise stated otherwise
Aditya Birla SL Aditya Birla SL
Short term fund-G Short term fund-G Axis Liquid Axis Liquid
rowth-Regular rowth-Regular Fund-Direct Fund-Direct
Name of body corporate in whom investment has been made Plan Plan Growth Plan Growth Plan

Period FY 2022 FY 2021 FY 2022 FY 2021
Current investments 64.53 64.53 0 100
ICICI Prudential ICICI Prudential ICICI Prudential ICICI Prudential
Saving Fund- Saving Fund- All Seasons Bond All Seasons Bond
Direct Plan- Direct Plan- Fund- Direct Plan- Fund- Direct Plan-
Name of body corporate in whom investment has been made Growth Growth Growth Growth

Period FY 2022 FY 2021 FY 2022 FY 2021
36

Current investments 200 200 400 400
ICICI Prudential ICICI Prudential
Banking and PSU Banking and PSU ICICI Prudential ICICI Prudential
Debt Fund- Direct Debt Fund- Direct Savings Fund- Savings Fund-
Name of body corporate in whom investment has been made Plan- Growth Plan- Growth Growth Growth

Period FY 2022 FY 2021 FY 2022 FY 2021
Current investments 0 1,500 0 246.17
IDFC Ultra Short IDFC Ultra Short IDFC Corporate IDFC Corporate
Term Fund Term Fund Bond Fund Bond Fund
Regular Plan- Regular Plan- Regular Regular
Name of body corporate in whom investment has been made Growth Growth Plan-Growth Plan-Growth

Period FY 2022 FY 2021 FY 2022 FY 2021
Current investments 0 2.77 0 700
HDFC Short Term HDFC Short Term
HDFC Liquid HDFC Liquid Debt Fund Debt Fund
Fund Regular Plan Fund Regular Plan Regular Plan Regular Plan

Period FY 2022 FY 2021 FY 2022 FY 2021
37

Current investments 460.8 460.8 0 0.22
Kotak Money Kotak Money
Market Fund Market Fund Kotak Liquid Kotak Liquid
Regular Plan Regular Plan Fund Regular Plan Fund Regular Plan

Period FY 2022 FY 2021 FY 2022 FY 2021
Current investments 1,038.41 1,500 0 1,500
Aditya Birla Aditya Birla
Axis Treasury Axis Treasury Sunlife Corporate Sunlife Corporate
Name of body corporate in whom investment has been made Advantage Fund Advantage Fund Bond Fund Bond Fund

Period FY 2022 FY 2021 FY 2022 FY 2021
Current investments 10.16 10.16 0 100
HDFC Liquid HDFC Liquid L&T Triple Ace L&T Triple Ace
Fund- Direct Plan- Fund- Direct Plan- Bond Fund Direct Bond Fund Direct
Name of body corporate in whom investment has been made Growth Growth Plan Growth Plan Growth

Period FY 2022 FY 2021 FY 2022 FY 2021
Current investments 1,500 1,500 0 542.27
38

Nippon India Nippon India
Floating Rate Floating Rate Indian Infoline Indian Infoline
Name of body corporate in whom investment has been made Fund Fund Finance Limited Finance Limited

Period FY 2022 FY 2021 FY 2022 FY 2021
Current investments 434.95 434.95 1,583.56 171
SBI Magnum SBI Magnum
Ultra Short Ultra Short ICICI Pru Savings ICICI Pru Savings
Name of body corporate in whom investment has been made duration Fund duration Fund Direct -Growth Direct -Growth

Period FY 2022 FY 2021 FY 2022 FY 2021
Investments in Investments in
Investments in Investments in debentures or debentures or
Type of current investments mutual funds mutual funds bonds bonds
Non Convertable
Unquoted Mutual Unquoted Mutual Debentures(in Non Convertable
Nature of current investments Funds Funds units) Debentures
Current investments 0 288.6 0 1,003.49
UTI Short term UTI Short term
Income Income IIFL Wealth IIFL Wealth
Fund-Direct Fund-Direct Finance Ltd GWF Finance Ltd GWF
Name of body corporate in whom investment has been made Growth Growth EC825300419 EC825300419

Classification of current investments [Axis] 23 24 25
debentures or debentures or debentures or debentures or
Type of current investments bonds bonds bonds bonds
Non Convertable Non Convertable Non Convertable
Debentures(in Non Convertable Debentures(in Debentures(in
Nature of current investments units) Debentures units) units)
Current investments 0 500.22 918.75 1,000
39

Housing Housing
Development Development 8.50% State Bank
Finance Finance of India IIFL Finance
Name of body corporate in whom investment has been made Corporation Ltd. Corporation Ltd. Debentures Limited

Classification of current investments [Axis] 26 27 28 29
Period FY 2022
Investments in Investments in
debentures or debentures or Investments in Investments in
Type of current investments bonds bonds mutual funds mutual funds
Non Convertable Non Convertable
Debentures(in Debentures(in Unquoted Mutual Unquoted Mutual
Nature of current investments units) units) Funds Funds
Current investments 344.26 100 100 1,785
Aditya Birla
SBI Floating Rate Sunlife Money
Muthoot Finance IIFL Wealth Debt Fund Manager Direct
Name of body corporate in whom investment has been made Limited Prime Limited (Reg-Gw) L620G Growth

Classification of current investments [Axis] 30 31 32 33
Period FY 2022
Current investments 435 435 150 670.71
Invesco India Aditya Birla Alpha IDFC Low
Money Market Sunlife Savings Alternatives Duration Direct
Name of body corporate in whom investment has been made Fund Fund MSAR LLP Growth

Classification of current investments [Axis] 34
Period FY 2022
Investments in
Type of current investments mutual funds
Current
Class of current investments investments
Unquoted Mutual
Nature of current investments Funds
Current investments 287.47
40
Valued at lower of
cost and fair
value, unless
Basis of valuation of current investments stated otherwise
IDFC Low
Duration Regular
Name of body corporate in whom investment has been made Growth
Textual information (7): Disclosure of notes on current investments explanatory [Text Block]
As at As at
Particulars
31 March 2022 31 March 2021
Current investments (valued at lower of cost and fair value, unless stated otherwise)
Unquoted mutual funds
Nil (31 March 2021 : 22,573) units of Aditya Birla SL Short term fund-Growth-Regular Plan - 14.95
Nil (31 March 2021 : 589) units of Axis Liquid Fund-Direct Growth Plan - 12.52
16,853 (31 March 2021 : 16,853) units of Rs. 382.90 each fully paid up of ICICI Prudential
64.53 64.53
Saving Fund- Direct Plan- Growth
Nil (31 March 2021 : 3,89,231) units of ICICI Prudential All Seasons Bond Fund- Direct
- 100.00
Plan- Growth
8,63,509 (31 March 2021 : 8,63,509) units of Rs. 23.16 each fully paid up of ICICI
200.00 200.00
Prudential Banking and PSU Debt Fund- Direct Plan- Growth
1,05,142 (31 March 2021 : 1,05,142) units of Rs. 380.44 each fully paid up of ICICI
400.00 400.00
Prudential Savings Fund- Growth
Nil (31 March 2021 : 1,34,51,105) units of IDFC Ultra Short Term Fund Regular Plan-
- 1,500.00
Growth
Nil (31 March 2021 : 18,34,626) units of IDFC Corporate Bond Fund Regular Plan-Growth - 246.17
Nil (31 March 2021 : 74) units of HDFC Liquid Fund Regular Plan Growth - 2.77
Nil (31 March 2021 : 31,69,041) units of HDFC Short Term Debt Fund Regular Plan
- 700.00
Growth
14,605 (31 March 2021 : 14,605) units of Rs. 3155.05 each fully paid up of Kotak Money
460.80 460.80
Market Fund Regular Plan Growth
Nil (31 March 2021 : 6) units of Kotak Liquid Fund Regular Plan Growth - 0.22
45,602 (31 March 2021 : 65,873) units of Rs. 2277.10 each fully paid up of Axis Treasury
1,038.41 1,500.00
Advantage Fund
Nil (31 March 2021 : 19,49,406) units of Aditya Birla Sunlife Corporate Bond Fund - 1,500.00
270 (31 March 2021 : 270) units of Rs. 3759.46 each fully paid up of HDFC Liquid Fund-
10.16 10.16
Direct Plan- Growth
Nil (31 March 2021 : 1,87,815) units of L&T Triple Ace Bond Fund Direct Plan Growth - 100.00
47,90,341 (31 March 2021 : 47,90,341) units of Rs. 31.31 each fully paid up of Nippon
1,500.00 1,500.00
India Floating Rate Fund
Nil (31 March 2021 : 100) units of Indian Infoline Finance Limited - 542.27
9,912 (31 March 2021 : 9,912) units of Rs. 4388.05 each fully paid up of SBI Magnum Ultra
434.95 434.95
Short duration Fund
3,73,101 (31 March 2021 : 40,771) units of Rs. 424.43 each fully paid up of ICICI Pru
1,583.56 171.00
Savings Direct -Growth
Nil (31 March 2021 : 11,89,643) units of UTI Short term Income Fund-Direct Growth - 288.60
9,53,050 (31 March 2021 : Nil) units of Rs. 10.49 each fully paid up of SBI Floating Rate
100.00 -
Debt Fund (Reg-Gw) L620G
5,98,588 (31 March 2021 : Nil) units of Rs. 298.20 each of Aditya Birla Sunlife Money
1,785.00 -
Manager Direct Growth
17,572 (31 March 2021 : Nil) units of Rs. 2,475.59 each of Invesco India Money Market
435.00 -
Fund
41
98,828 (31 March 2021 : Nil) units of Rs. 440.16 each of Aditya Birla Sunlife Savings Fund 435.00 -
1,49,993 (31 March 2021 : Nil) units of Rs. 100 each of Alpha Alternatives MSAR LLP 150.00 -
21,10,227 (31 March 2021 : Nil) units of Rs. 31.78 each of IDFC Low Duration Direct
670.71 -
Growth
9,18,851 (31 March 2021 : Nil) units of 31.29 each of IDFC Low Duration Regular Growth 287.47 -
Non convertible debentures
Nil (31 March 2021 : 1000) units of IIFL Wealth Finance Ltd GWFEC825300419 - 1,003.49
Nil (31 March 2021 : 50) units of Housing Development Finance Corporation Ltd. - 500.22
90 (31 March 2021 : Nil) units of 8.50% State Bank of India Debentures 918.75 -
1,00,000 (31 March 2021 : Nil) units of Rs. 1000 each of IIFL Finance Limited 1,000.00 -
30 (31 March 2021 : Nil) units of Muthoot Finance Limited 344.26 -
10 (31 March 2021 : Nil) units of Rs. 10,00,000 each of IIFL Wealth Prime Limited 100.00 -
TOTA
11,918.60 11,252.65
L
Textual information (8): Accounting policy for determination of carrying amount of investments [Text Block]
profit and loss.
42
[200600] Notes - Subclassification and notes on liabilities and assets

Subclassification and notes on liabilities and assets [Abstract]
Other long-term liabilities notes [Abstract]
Textual
Disclosure of notes on other long-term liabilities explanatory [Text Block] Information (9)
Other long-term liabilities [Abstract]
Trade payables, long-term 0 0
Others, long-term [Abstract]
Others long-term, others (A) 53.02 (B) 37.76
Total others, long-term 53.02 37.76
Total other long-term liabilities 53.02 37.76
Provisions notes [Abstract]
Textual
Disclosure of notes on provisions explanatory [Text Block] Information (10)
Other current liabilities notes [Abstract]
Textual
Disclosure of notes on other current liabilities explanatory [Text Block] Information (11)
Other current liabilities [Abstract]
Interest accrued but not due on borrowings 0 0
Interest accrued and due on borrowings 0 0
Interest accrued but not due on public deposits 0 0
Interest accrued and due on public deposits 0 0
Debentures claimed but not paid 0 0
Unpaid dividends 0 0
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, principal 0 0
Application money received for allotment of securities and due for refund, interest accrued 0 0
Total application money received for allotment of securities and due for refund and interest accrued
thereon 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Other payables, current [Abstract]
Public deposit payable, current 0 0
Total other payables, current 0 0
Advance received from customers (C) 265.46 (D) 276.59
Current liabilities portion of share application money pending allotment 0 0
Other current liabilities, others (E) 1,155.2 (F) 786.78
Total other current liabilities 1,420.66 1,063.37
Loans and advances notes [Abstract]
Textual
Disclosure of notes on loans and advances explanatory [Text Block] Information (12)
Other non-current assets notes [Abstract]
Textual
Disclosure of notes on other non-current assets explanatory [Text Block] Information (13)
Other non-current assets [Abstract]
Other non-current assets, others (G) 87.18 (H) 74.21
Total other non-current assets 87.18 74.21
Security Deposit Security Deposit
& Non-Current & Non-Current
Bank Bank
Balance Balance
Nature of other non-current assets, others
Inventories notes [Abstract]
Textual
Disclosure of notes on inventories explanatory [Text Block] Information (14)
Inventories [Abstract]
Textual
Accounting policy on inventories [Text Block] Information (15)
Trade receivables notes [Abstract]
Textual
Disclosure of notes on trade receivables explanatory [Text Block] Information (16)
Trade receivables [Abstract]
Aggregate amount of trade receivables outstanding for period exceeding six months 0 0
Cash and bank balances notes [Abstract]
43
Textual
Disclosure of notes on cash and bank balances explanatory [Text Block] Information (17)
Cash and bank balances [Abstract]
Classification of cash and bank balances [Abstract]
Cash and cash equivalents [Abstract]
Balance with banks [Abstract]
Fixed deposits with banks 0 0
Other balances with banks (I) 1,471.67 (J) 1,173.94
Total balance with banks 1,471.67 1,173.94
Cash on hand 0 0
Total cash and cash equivalents 1,471.67 1,173.94
Other bank balances (K) 379.96 (L) 43.07
Total cash and bank balances 1,851.63 1,217.01
Details of balances held with banks to extent held as margin money or security against borrowings,
guarantees or other commitments [Abstract]
Total balances held with banks to extent held as margin money or security against borrowings,
guarantees or other commitments 0 0
Bank deposits with more than twelve months maturity 0 0
Other current assets notes [Abstract]
Textual
Disclosure of notes on other current assets explanatory [Text Block] Information (18)
Other current assets [Abstract]
Other current assets, others (M) 30.22 (N) 28.53
Total other current assets 30.22 28.53
Footnotes
(A) Rent equalisation reserve : 53.02
(B) Rent equalisation reserve : 37.76
(C) Advance from customer : 265.46
(D) Advance from customer : 276.59
(E) Payable for capital goods : 210.16 Statutory dues payable : 157.15 others : 787.89
(F) Payable for capital goods : 90.56 Statutory dues payable : 94.9 others : 601.32
(G) Security deposit(unsecured) : 84.81 Non-current bank balances : 2.37
(H) Security deposit(unsecured) : 74.21 Non-current bank balances : 0
(I) On Current Account : 1470.54 Cash on hand : 1.13
(J) On Current Account : 1169.25 Cash on hand : 4.69
(K) Bank Deposit with remaining for less than 12 months : 379.96
(L) Bank Deposit with remaining for less than 12 months : 43.07
(M) Interest accrued on fixed deposits : 2.97 Interest accrued on NCD : 27.25 Security deposit : 0
(N) Interest accrued on fixed deposits : 0.37 Interest accrued on NCD : 12.16 Security deposit : 16
Disclosure of breakup of provisions [Table]

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line Items]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision gratuity 217.44 146.54 52.49 41.63
Provision leave encashment 0 0 (A) 153.41 (B) 118.12
Provision pension 0 0 0 0
Provision employee insurance scheme 0 0 0 0
Provision other employee related liabilities 0 0 0 0
Total provisions for employee benefits 217.44 146.54 205.9 159.75
Provision for corporate tax [Abstract]
Provision for current tax 0 0 0 0
Provision for wealth tax 0 0 0 0
44
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 proposed dividend [Abstract]
Provision for proposed equity dividend [Abstract]
Provision for proposed equity interim dividend 0 0 0 0
Provision for proposed equity final dividend 0 0 0 0
Provision for proposed equity special dividend 0 0 0 0
Total provision for proposed equity dividend 0 0 0 0
Provision for proposed preference dividend [Abstract]
Provision for proposed preference interim dividend 0 0 0 0
Provision for proposed preference final dividend 0 0 0 0
Provision for proposed preference special dividend 0 0 0 0
Total provision for proposed preference dividend 0 0 0 0
Total provision for proposed dividend 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 0 0 0 0
Total provisions 217.44 146.54 205.9 159.75
Footnotes
(A) Provision for leave benefits : 153.41
(B) Provision for Leave Benefits : 118.12
Loans and advances [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of loans and advances [Axis] Loans and advances [Member] Capital advances [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Loans and advances [Abstract]
Disclosure of loans and advances [Line Items]
Loans and advances, gross 24.3 34.49 22.84 33
Allowance for bad and doubtful loans and advances 0 0 0 0
Loans and advances 24.3 34.49 22.84 33
Details of loans and advances due by directors, other officers
or others [Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Total loans and advances due by directors, other officers or
others 0 0 0 0
Details of loans and advances due by firms or companies in
which any director is partner or director [Abstract]
Loans and advances due by firms in which any director is
partner 0 0 0 0
Total loans and advances due by firms or companies in
which any director is partner or director 0 0 0 0

Classification of loans and advances [Axis] Other loans and advances [Member] Prepaid expenses [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Loans and advances, gross 1.46 1.49 1.16 1.19
Allowance for bad and doubtful loans and advances 0 0 0 0
Loans and advances 1.46 1.49 1.16 1.19
Details of loans and advances due by directors, other officers
or others [Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
45
Total loans and advances due by directors, other officers or

others 0 0 0 0
Details of loans and advances due by firms or companies in
Loans and advances due by firms in which any director is
partner 0 0 0 0
Total loans and advances due by firms or companies in
which any director is partner or director 0 0 0 0

Classification of loans and advances [Axis] Other loans and advances, others [Member]
Loans and advances, gross (A) 0.3 (B) 0.3
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 0.3 0.3
Details of loans and advances due by directors, other officers or others [Abstract]
Loans and advances due by directors 0 0
Loans and advances due by other officers 0 0
Total loans and advances due by directors, other officers or others 0 0
Details of loans and advances due by firms or companies in which any director is partner or director
[Abstract]
Loans and advances due by firms in which any director is partner 0 0
Total loans and advances due by firms or companies in which any director is partner or director 0 0
Footnotes
(A) Duty/Taxes paid under protest recoverable : 0.3
(B) Duty/ Taxes paid under protest recoverable : 0.3

Classification of loans and advances [Axis] Loans and advances [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Doubtful [Member]
Loans and advances, gross 440.08 1,221.79 0
Allowance for bad and doubtful loans and advances 0 0 0
Loans and advances 440.08 1,221.79 0
Loans and advances due by directors 0 0 0
Loans and advances due by other officers 0 0 0
Total loans and advances due by directors, other officers or others 0 0 0
Details of loans and advances due by firms or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in which any director is partner 0 0 0
Total loans and advances due by firms or companies in which any director is
partner or director 0 0 0

Classification of loans and advances [Axis] Other loans and advances [Member]
Loans and advances, gross 440.08 1,221.79 0
46

Classification of loans and advances [Axis] Prepaid expenses [Member]
Loans and advances, gross 96.99 63.61
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 96.99 63.61
Loans and advances due by directors 0 0
Loans and advances due by other officers 0 0
Total loans and advances due by directors, other officers or others 0 0
Details of loans and advances due by firms or companies in which any director is partner or director
[Abstract]
Loans and advances due by firms in which any director is partner 0 0
Total loans and advances due by firms or companies in which any director is partner or director 0 0

Classification of loans and advances [Axis] Other loans and advances, others [Member]
Loans and advances, gross (A) 343.09 (B) 1,158.18 (C) 0
Footnotes
(A) Advance recoverbale in cash/kind : 85.83 Balance with statutory/governmnet authority : 257.26
(B) Advance recoverable in Cash/Kind : 129.81 Balances with statutory/government authorities : 1028.37
(C) Amount receivable in cash/Kind : 16 Provision for doubtful advances : -16
Classification of long-term trade receivables [Table]

Classification of assets based on security
Classification of assets based on security [Axis] [Member] Unsecured considered good [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Long-term trade receivables [Abstract]
Long-term trade receivables [Line Items]
Breakup of long-term trade receivables [Abstract]
47
Long-term trade receivables, gross 0 0 0 0

Allowances for bad and doubtful debts 0 0 0 0
Total long-term trade receivables 0 0 0 0
Details of long-term trade receivables due by directors, other
officers or others [Abstract]
Long-term trade receivables due by directors 0 0
Long-term trade receivables due by other officers 0 0
Total long-term trade receivables due by directors, other
officers or others 0 0
Details of long-term trade receivables due by firms or
companies in which any director is partner or director
[Abstract]
Total long-term trade receivables due by firms or companies
in which any director is partner or director 0 0
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Classification of inventories [Abstract]
Details of inventories [Line Items]
Inventories 4,113.87 3,088.57 2,331.16 1,984.24
valued at lower of valued at lower of
Refer to child Refer to child cost and net cost and net
Mode of valuation member member realisable value realisable value

Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Inventories 116.55 87.61 1,357.77 970.76
valued at lower of valued at lower of valued at lower of valued at lower of
cost and net cost and net cost and net cost and net
Mode of valuation realisable value realisable value realisable value realisable value

Classification of inventories [Axis] Stores and spares [Member] Other inventories [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Inventories 643.64 660.5 -335.25 -614.54
cost and net cost and net Refer to child Refer to child
Mode of valuation realisable value realisable value member member
Nature of other inventories member member

Classification of inventories [Axis] Other inventories, others [Member]
Inventories -335.25 (A) -614.54
cost and net cost and net
Mode of valuation realisable value realisable value
Provision for Provision for
Nature of other inventories inventory inventory
Footnotes
48
(A) Provision for inventory : -614.54
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] [Member] Secured considered good [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line Items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 1,664.8 1,630.95 1,561.09 1,504.42
Allowance for bad and doubtful debts 103.71 126.53 0 0
Total trade receivables 1,561.09 1,504.42 1,561.09 1,504.42
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
Total trade receivables due by firms or companies in which
any director is partner or director 0 0
Subclassification of trade receivables [Table] ..(2)

Classification of assets based on security [Axis] Doubtful [Member]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line Items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 103.71 126.53
Allowance for bad and doubtful debts (A) 103.71 (B) 126.53
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]
Total trade receivables due by firms or companies in which any director is partner or director 0 0
Footnotes
(A) Provision for doubtful receivables : 103.71
(B) 'Provision for doubtful receivables : 126.53
Textual information (9): Disclosure of notes on other long-term liabilities explanatory [Text Block]
As at As at
Particulars
31 March 2022 31 March 2021
Rent equalisation reserve 53.02 37.76
Total 53.02 37.76
Textual information (10): Disclosure of notes on provisions explanatory [Text Block]
Particulars Long-term Short-term
As at As at As at As at
31 March 2022 31 March 2021 31 March 2022 31 March 2021
49
Provision for employees benefits:
Provision for gratuity (refer note 27) 217.44 146.54 52.49 41.63
Provision for leave benefits - - 153.41 118.12
Total 217.44 146.54 205.90 159.75
Textual information (11): Disclosure of notes on other current liabilities explanatory [Text Block]
As at As at
Particulars
31 March 2022 31 March 2021
Trade payables
-Total outstanding dues of micro

enterprises and small enterprises
935.20 877.23
(Refer note 33 for details of dues to
micro and small enterprises)
-Total outstanding dues of creditors

other than micro enterprises and 8,881.72 4,967.03
small enterprises
9,816.92 5,844.26
Other liabilities
Advance from customers 265.46 276.59
Payable for capital goods 210.16 90.56
Statutory dues payable 157.15 94.90
Others 787.89 601.32
1,420.66 1,063.37
11,237.58 6,907.63
Trade payables Ageing schedule
As at 31 March 2022
Outstanding for
following periods
from due date of
payment
Less than 1 More than 3

Unbilled Not due 1-2 years 2-3 years Total
year years
INR lakhs INR lakhs INR lakhs INR lakhs INR lakhs INR lakhs INR lakhs
Total outstanding dues of micro

- 733.24 201.96 - - - 935.20
Total outstanding dues of creditors

other than micro enterprises and 1,955.17 4,525.60 2,400.47 0.48 - - 8,881.72
small enterprises
1,955.17 5,258.84 2,602.43 0.48 - - 9,816.92
As at 31 March 2021
Outstanding for
following periods
from due date of
payment
Less than 1 More than 3

Unbilled Not due 1-2 years 2-3 years Total
year years
INR lakhs INR lakhs INR lakhs INR lakhs INR lakhs INR lakhs INR lakhs
Total outstanding dues of micro

- 554.78 289.60 26.94 5.91 877.23
50
Total outstanding dues of creditors

other than micro enterprises and 1,117.51 2,511.82 1,294.61 30.63 9.25 3.21 4,967.03
small enterprises
1,117.51 3,066.60 1,584.21 57.57 15.16 3.21 5,844.26
Textual information (12): Disclosure of notes on loans and advances explanatory [Text Block]
Particulars Non-current Current
Capital advances
Secured, considered good - - - -
Unsecured, considered good 22.84 33.00 - -
22.84 33.00 - -
Advances recoverable in cash or kind
Unsecured, considered good - - 85.83 129.81
Doubtful - - 16.00 -
- - 101.83 129.81
Provision for doubtful advances - - (16.00) -
- - 85.83 129.81
Other loans and advances
Unsecured, considered good
Prepaid expenses 1.16 1.19 96.99 63.61
Balances with statutory/government authorities - - 257.26 1,028.37
Duty/ Taxes paid under protest Recoverable 0.30 0.30 - -
1.46 1.49 354.25 1,091.98
Total 24.30 34.49 440.08 1,221.79
Textual information (13): Disclosure of notes on other non-current assets explanatory [Text Block]
Particulars Non-current
As at As at
31 March 2022 31 March 2021
Unsecured, considered good unless stated otherwise
Security deposit
Unsecured, considered good 84.81 74.21
Total 84.81 74.21
Others
Non-current bank balances (note 15) 2.37 -
Interest accrued on fixed deposits - -
Interest accrued on non convertible debentures - -
2.37 -
Total 87.18 74.21
Textual information (14): Disclosure of notes on inventories explanatory [Text Block]
51
As at As at
Particulars
31 March 2022 31 March 2021
Raw Material [Including in transit INR 32.80 lakhs (31 March 2021: INR
2,331.16 1,984.24
118.12 lakhs)] (refer note 19)
Work-in-progress (refer note20) 116.55 87.61
Finished Goods (refer note 20) 1,338.34 947.36
Traded Goods (refer note 20) 19.43 23.40
Stores and spares (Including packing material INR 562.36 lakhs (31 March
2021: INR 608.17 lakhs) [Including in transit INR 13.06 lakhs (31 March 2021: 643.64 660.50
INR 0.84 lakhs)]
Less: Provision for inventory* (335.25) (614.54)
Total 4,113.87 3,088.57
Provision for inventory consists of provision for Raw material INR 282.70 lakhs (31st March 2021 INR 568.92 lakhs), Packing material INR 28.26
lakhs (31st March 2021 INR 39.88 lakhs) and Finished goods INR 24.29 lakhs (31st March 2021 INR 5.74 lakhs).
Textual information (15): Accounting policy on inventories [Text Block]
Lower of cost and net realizable value. However, materials and other items held for use
in the production of inventories are not written down below cost if the finished products in
Raw materials and components, Stores and spares which they will be incorporated are expected to be sold at or above cost.
(including packing materials) Cost is determined on First in First Out basis.
Stores and spares which do not meet the definition of plant, property and equipment are
accounted as inventories.
Lower of cost and net realizable value. Cost of Finished goods and Work-in-progress
Finished goods and Work-in-progress includes direct materials, labour and a proportion of manufacturing overheads based on
normal operating capacity. Cost is determined on First in First out basis.
Scrap At net realizable value.
Net realizable value is the estimated selling price in the

ordinary course of business, less estimated costs of
completion and to make the sale.
Textual information (16): Disclosure of notes on trade receivables explanatory [Text Block]
Trade receivables
As at As at
Particulars
31 March 2022 31 March 2021
Current
Secured, considered good 1,561.09 1,504.42
Doubtful 103.71 126.53
Total 1,664.80 1,630.95
Provision for doubtful

(103.71) (126.53)
receivables
Total 1,561.09 1,504.42
Trade receivables Ageing

Schedule
As at 31 March 2022
Outstanding for
following periods
from due date of
payment
Less than 1
Not due 1-2 years 2-3 years More than 3 years Total
year
52
INR lakhs INR lakhs INR lakhs INR lakhs INR lakhs INR lakhs
Undisputed Trade Receivables

1,391.08 166.91 0.51 2.59 - 1,561.09
– considered good

- 11.43 10.89 18.90 62.49 103.71
– considered doubtful
1,391.08 178.34 11.40 21.49 62.49 1,664.80
As at 31 March 2021
Outstanding for
following periods
from due date of
payment
Less than 1
Not due 1-2 years 2-3 years More than 3 years Total
year
INR lakhs INR lakhs INR lakhs INR lakhs INR lakhs INR lakhs

1,045.76 453.39 5.25 0.02 - 1,504.42
– considered good

- - 56.35 24.90 45.28 126.53
– considered doubtful
1,045.76 453.39 61.60 24.92 45.28 1,630.95
Textual information (17): Disclosure of notes on cash and bank balances explanatory [Text Block]
Particulars Non-current Current
Cash and cash equivalents
Balances with banks:
-On current accounts - - 1,470.54 1,169.25
Cash on hand - - 1.13 4.69
Total - - 1,471.67 1,173.94
Other Bank Balances
- Deposits with remaining maturity for more than 12

2.37 - - -
months
- Deposits with remaining maturity for less than 12

- - 379.96 43.07
months
2.37 - 379.96 43.07
Amount disclosed under non-current assets (note

(2.37) - - -
16)
Total - - 1,851.63 1,217.01
Textual information (18): Disclosure of notes on other current assets explanatory [Text Block]
Particulars Current
As at As at
31 March 2022 31 March 2021
Unsecured, considered good unless stated otherwise
Security deposit
Unsecured, considered good - 16.00
53
Total - 16.00
Others
Non-current bank balances (note 15)
Interest accrued on fixed deposits 2.97 0.37
Interest accrued on non convertible debentures 27.25 12.16
30.22 12.53
Total 30.22 28.53
54
[200700] Notes - Additional disclosures on balance sheet

Additional balance sheet notes [Abstract]
Contingent liabilities and commitments [Abstract]
Total contingent liabilities and commitments 0 0
Details regarding dividends [Abstract]
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity shareholders [INR/shares] 0 [INR/shares] 0
Details of deposits [Abstract]
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Details of share application money received and paid [Abstract]
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
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, 2014 No No
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]
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
Details of disclosures required under MSMED Act 2006 [Table]

Micro small medium enterprises [Axis] 1
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 935.2 877.23
Interest due remaining unpaid 9.03 7.17
Total principal and interest due remaining unpaid 944.23 884.4
Amount of interest paid under MSMED Act 2006 0 0
Amount of payments made to supplier beyond due date during year 0 0
Amount of interest due and payable for period 9.03 7.17
Amount of interest accrued and remaining unpaid at end of accounting year 62.59 53.56
Amount of further interest due and payable even in succeeding year 0 0
Maximum amount outstanding for period from micro small medium enterprises 0 0
Name supplier being micro small medium enterprises Not Mentioned Not Mentioned
Details of shareholding pattern of promoters and public [Table] ..(1)
55
Shareholding pattern of promoters and public [Axis] Promoters [Member]

Classification based on nationality or origin [Axis] Indian [Member]
Details of shareholding pattern of promoters and public [Abstract]
Details of shareholding pattern of promoters and public [Line Items]
Number of shares held by Indian [shares] 3,293,527 [shares] 3,507,695
Percentage of shares held by Indian 36.83% 39.23%
Total number of shares [shares] 3,293,527 [shares] 3,507,695
Details of shareholding pattern of promoters and public [Table] ..(2)

Shareholding pattern of promoters and public [Axis] Public shareholding [Member]
Classification based on nationality or origin [Axis] Indian [Member] Foreign [Member]
Details of shareholding pattern of promoters and public [Abstract]
Details of shareholding pattern of promoters and public [Line Items]
Number of shares held by body corporate [shares] 110,398 [shares] 5,648,440 [shares] 5,156,149
Percentage of shares held by body corporate 1.23% 63.17% 57.66%
Number of shares held by others [shares] 167,725
Percentage of shares held by others 1.88%
Total number of shares [shares] 278,123 [shares] 5,648,440 [shares] 5,156,149
56
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates

Period FY 2022
Textual
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block] Information (19)
Textual
Disclosure of general information about company [Text Block] Information (20)
Textual information (19): Disclosure of accounting policies, change in accounting policies and changes in estimates
explanatory [Text Block]
Basis of preparation
The financial statements of the Company have been prepared in accordance with the generally accepted accounting principles in India (Indian
GAAP). The Company has prepared these financial statements to comply with all material respects with the accounting standards notified under
section 133 of the Companies Act, 2013, read together with Companies (Accounting Standards) Rules, 2021 and presentation requirement of
Division I of Schedule III of Companies Act, 2013. The financial statements have been prepared on an accrual basis and under the historical cost
convention.
The Company has incurred loss during the year and has accumulated losses as at March 31, 2022 which has resulted in erosion of the
Company’s net worth. However taking into consideration positive net working capital as at 31st March, 2022 and business projections, Company
is confident that in the foreseeable future it will enable to operate and settle its obligation as they become due. Accordingly, these financial
statements have been prepared on going concern assumption.
The accounting policies adopted in the preparation of financial statements are consistent with those of previous year.
Summary of significant accounting policies
a. Use of estimates
The preparation of financial statements in conformity with Indian GAAP requires the management to make judgments, estimates and
assumptions that affect the reported amounts of assets, liabilities, revenue, expenses and the disclosure of contingent liabilities at the end of the
year. Although these estimates are based on the management’s best knowledge of current events and actions, uncertainty about these
assumptions and estimates could result in the outcomes requiring a material adjustment to the carrying amounts of assets, liabilities, revenue
and expenses in future periods.
b. Property, plant and equipment
Property, plant and equipment, capital work in progress are stated at cost, net of accumulated depreciation and accumulated impairment losses,
if any. The cost comprises purchase price, borrowing costs if capitalization criteria are met, directly attributable cost of bringing the asset to its
working condition for the intended use and initial estimate of decommissioning, restoring and similar liabilities. Any trade discounts and rebates
are deducted in arriving at the purchase price. Such cost includes the cost of replacing part of the plant and equipment. When significant parts of
plant and equipment are required to be replaced at intervals, the Company depreciates them separately based on their specific useful lives.
Likewise, when a major inspection is performed, its cost is recognised in the carrying amount of the property, plant and equipment as a
replacement if the recognition criteria are satisfied. All other repair and maintenance costs are recognised in profit or loss as incurred.
Items of stores and spares that meet the definition of property, plant and equipment are capitalized at cost and depreciated over their useful life.
Otherwise, such items are classified as inventories.
Gains or losses arising from de-recognition of plant, property and equipment are measured as the difference between the net disposal proceeds
and the carrying amount of the asset and are recognized in the statement of profit and loss when the asset is derecognized.
The company identifies and determines cost of each component/ part of the asset separately, if the component/ part has a cost which is
significant to the total cost of the asset and has useful life that is materially different from that of the remaining asset.
Property, plant and equipment held for sale is valued at lower of their carrying amount and net realizable value. Any write-down is recognized in
the statement of profit and loss.
c. Depreciation on property, plant and equipment
Leasehold land is amortized on a straight line basis over the period of lease.
Depreciation on property, plant and equipment is calculated on a straight-line basis using the rates arrived at, based on the useful lives estimated
by the management. The identified components are depreciated separately over their useful lives; the remaining components are depreciated
over the life of the principal asset. The company has used the following rates to provide depreciation on its property, plant and equipment:
Indicative useful Life as per Schedule

Particulars Estimated useful Life
II
Factory building 30 30
Plant and equipments 15 15
Plant and Machinery (Moulds) 5 5
Plant and Machinery (Pallets) 7 7
Furniture and fixtures 10 10
Vehicles 8 8
57
Office equipment 5 5
Computer 3 3
Electrical Installations 10 10
Roads 10 10
Leasehold improvement – 9 years based on lease agreement on the basis of management best estimate.
The residual values, useful lives and methods of depreciation of property, plant and equipment are reviewed at each financial year end and
adjusted prospectively, if appropriate.
d. Intangible Assets
Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible assets are carried at cost
less accumulated amortization and accumulated impairment losses, if any. Internally generated intangible assets, excluding capitalized
development costs, are not capitalized and expenditure is reflected in the statement of profit and loss in the year in which the expenditure is
incurred.
Intangible assets are amortized on a straight line basis over the estimated useful economic life.
Intangible Assets Estimated Useful Life (Years)
Computer Software Over the estimated economic useful lives i.e. 3 years
Trademarks Over the estimated economic useful lives i.e. 3 years
The amortization period and the amortization method are reviewed at least at each financial year end. If the expected useful life of the asset is
significantly different from previous estimates, the amortization period is changed accordingly. If there has been a significant change in the
expected pattern of economic benefits from the asset, the amortization method is changed to reflect the changed pattern. Such changes are
accounted for in accordance with AS 5 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies.
Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognized in the statement of profit and loss when the asset is derecognized.
e. Research and development costs
Research costs are expensed as incurred.
f. Leases
Where the Company is lessee
Finance leases, which effectively transfer to the company substantially all the risks and benefits incidental to ownership of the leased item, are
capitalized at the inception of the lease term at the lower of the fair value of the leased property and present value of minimum lease payments.
Lease payments are apportioned between the finance charges and reduction of the lease liability so as to achieve a constant rate of interest on
the remaining balance of the liability. Finance charges are recognized as finance costs in the statement of profit and loss. Lease management
fees, legal charges and other initial direct costs of lease are capitalized.
A leased asset is depreciated on a straight-line basis over the useful life of the asset. However, if there is no reasonable certainty that the
company will obtain the ownership by the end of the lease term, the capitalized asset is depreciated on a straight-line basis over the shorter of
the estimated useful life of the asset or the lease term.
Leases, where the lessor effectively retains substantially all the risks and benefits of ownership of the leased item are classified as operating
leases. Operating lease payments are recognized as an expense in the statement of profit and loss on a straight-line basis over the lease term.
g. Borrowing costs
Borrowing cost includes interest and amortization of ancillary costs incurred in connection with the arrangement of borrowings.
Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to
get ready for its intended use or sale are capitalized as part of the cost of the respective asset.
All other borrowing costs are expensed in the period they occur.
h. Impairment of property, plant and equipment
The Company assesses at each reporting date whether there is an indication that an asset may be impaired. If any indication exists, or when
annual impairment testing for an asset is required, the Company estimates the asset's recoverable amount. An asset's recoverable amount is the
higher of an asset's or cash-generating unit's (CGU) net selling price and its value in use. The recoverable amount is determined for an individual
asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. Where the
carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable
amount. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects
current market assessments of the time value of money and the risks specific to the asset. In determining net selling price, recent market
transactions are taken into account, if available. If no such transactions can be identified, an appropriate valuation model is used.
Impairment losses of continuing operations, including impairment on inventories, are recognized in the statement of profit and loss.
After impairment, depreciation is provided on the revised carrying amount of the asset over its remaining useful life.
An assessment is made at each reporting date as to whether there is any indication that previously recognized impairment losses may no longer
exist or may have decreased. If such indication exists, the company estimates the asset’s or cash-generating unit’s recoverable amount. A
previously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable
amount since the last impairment loss was recognized. The reversal is limited so that the carrying amount of the asset does not exceed its
recoverable amount, nor exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been
recognized for the asset in prior years. Such reversal is recognized in the statement of profit and loss.
i. Investments
58
profit and loss.
j. Inventories
Inventories are valued as follows:
Lower of cost and net realizable value. However, materials and other items held for use
in the production of inventories are not written down below cost if the finished products in
Raw materials and components, Stores and spares which they will be incorporated are expected to be sold at or above cost.
(including packing materials) Cost is determined on First in First Out basis.
Stores and spares which do not meet the definition of plant, property and equipment are
accounted as inventories.
Lower of cost and net realizable value. Cost of Finished goods and Work-in-progress
Finished goods and Work-in-progress includes direct materials, labour and a proportion of manufacturing overheads based on
normal operating capacity. Cost is determined on First in First out basis.
Scrap At net realizable value.
Net realizable value is the estimated selling price in the

ordinary course of business, less estimated costs of
completion and to make the sale.
k. Revenue Recognition
Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably
measured. The following specific recognition criteria must also be met before revenue is recognized:
Sale of goods
Revenue from sale of goods is recognized when all the significant risks and rewards of ownership of the goods have been passed to the buyer,
usually on delivery of the goods. The company collects Goods and Service Tax (GST) and other taxes on behalf of the government and,
therefore, these are not economic benefits flowing to the company. Hence, they are excluded from revenue.
Interest
Interest income is recognized on a time proportion basis taking into account the amount outstanding and the applicable interest rate. Interest
income is included under the head “other income” in the statement of profit and loss.
Dividends
Dividend income is recognized when the company’s right to receive dividend is established by the reporting date.
l. Foreign Currency Translation
Foreign currency transactions and balances
i. Initial Recognition
Foreign currency transactions are recorded in the reporting currency, by applying to the foreign currency amount the exchange rate between the
reporting currency and the foreign currency at the date of the transaction.
ii. Conversion
Foreign currency monetary items are retranslated using the exchange rate prevailing at the reporting date. Non-monetary items, which are
measured in terms of historical cost denominated in a foreign currency, are reported using the exchange rate at the date of the transaction.
Non-monetary items, which are measured at fair value or other similar valuation denominated in a foreign currency, are translated using the
exchange rate at the date when such value was determined.
Iii. Exchange Differences
Exchange differences arising on the settlement of monetary items or on reinstatement of monetary items at rates different from those at which
they were initially recorded during the year, or reported in previous financial statements, are recognised as income or as expenses in the year in
which they arise.
m. Retirement and other Employee Benefits
Retirement benefit in the form of provident fund is a defined contribution scheme. The company has no obligation, other than the contribution
payable to the provident fund. The company recognizes contribution payable to the provident fund scheme as an expenditure, when an
employee renders the related service. If the contribution payable to the scheme for service received before the balance sheet date exceeds the
contribution already paid, the deficit payable to the scheme is recognized as a liability after deducting the contribution already paid. If the
contribution already paid exceeds the contribution due for services received before the balance sheet date, then excess is recognized as an
asset to the extent that the pre-payment will lead to, for example, a reduction in future payment or a cash refund.
Gratuity Liability is a defined benefit plan and is provided for on the basis of an actuarial valuation on projected unit credit method made at the
end of each financial year. Actuarial gain and loss for defined benefit plan is recognized in full in the period in which it occurs in the statement of
59
profit and loss.

Accumulated leave, which is expected to be utilized within the next 12 months, is treated as short-term employee benefit. The Company
measures the expected cost of such absences as the additional amount that it expects to pay as a result of the unused entitlement that has
accumulated at the reporting date.
The Company treats accumulated leave expected to be carried forward beyond twelve months, as long-term employee benefit for measurement
purposes. Such long-term compensated absences are provided for based on the actuarial valuation using the projected unit credit method at the
year-end. Actuarial gains/losses are immediately taken to the statement of profit and loss and are not deferred. The company presents the leave
as a current liability in the balance sheet, to the extent it does not have an unconditional right to defer its settlement for 12 months after the
reporting date.
The company recognizes termination benefit as a liability and an expense when the company has a present obligation as a result of past event, it
is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be
made of the amount of the obligation. If the termination benefits fall due more than 12 months after the balance sheet date, they are measured at
present value of future cash flows using the discount rate determined by reference to market yields at the balance sheet date on government
bonds.
n. Income Taxes
Tax expense comprises current and deferred tax. Current income-tax is measured at the amount expected to be paid to the tax authorities in
accordance with the Income-tax Act, 1961 enacted in India and tax laws prevailing in the respective tax jurisdictions where the company
operates. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date.
Current income tax relating to items recognized directly in equity is recognized in equity and not in the statement of profit and loss.
Deferred income taxes reflect the impact of timing differences between taxable income and accounting income originating during the current year
and reversal of timing differences for the earlier years. Deferred tax is measured using the tax rates and the tax laws enacted or substantively
enacted at the reporting date. Deferred income tax relating to items recognized directly in equity is recognized in equity and not in the statement
of profit and loss.
Deferred tax liabilities are recognized for all taxable timing differences. Deferred tax assets are recognized for deductible timing differences only
to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can
be realized. In situations where the Company has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are recognized
only if there is virtual certainty supported by convincing evidence that they can be realized against future taxable profits.
At each reporting date, the Company re-assesses unrecognized deferred tax assets. It recognizes unrecognized deferred tax asset to the extent
that it has become reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which
such deferred tax assets can be realized.
The carrying amount of deferred tax assets are reviewed at each reporting date. The Company writes-down the carrying amount of deferred tax
asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be
available against which deferred tax assets can be realized. Any such write-down is reversed to the extent that it becomes reasonably certain or
virtually certain, as the case may be, that sufficient future taxable income will be available.
Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set-off current tax assets against current tax
liabilities and the deferred tax assets and deferred taxes relate to the same taxable entity and the same taxation authority.
Minimum alternate tax (MAT) paid in a year is charged to the statement of profit and loss as current tax. The Company recognizes MAT credit
available as an asset only to the extent that there is convincing evidence that the Company will pay normal income tax during the specified
period, i.e., the period for which MAT credit is allowed to be carried forward. In the year in which the Company recognizes MAT credit as an asset
in accordance with the Guidance / on Accounting for Credit Available in respect of Minimum Alternative Tax under the Income-tax Act, 1961, the
said asset is created by way of credit to the statement of profit and loss and shown as “MAT Credit Entitlement.” The Company reviews the “MAT
credit entitlement” asset at each reporting date and writes down the asset to the extent the Company does not have convincing evidence that it
will pay normal tax during the specified period.
o. Employee stock compensation cost
Employees (including senior executives) of the company receive remuneration in the form of share based payment transactions, whereby
employees render services as consideration for equity instruments (equity-settled transactions).
In accordance with the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 and the Guidance Note on
Accounting for Employee Share-based Payments, the cost of equity-settled transactions is measured using the intrinsic value method. The
cumulative expense recognized for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting
period has expired and the company’s best estimate of the number of equity instruments that will ultimately vest. The expense or credit
recognized in the statement of profit and loss for a period represents the movement in cumulative expense recognized as at the beginning and
end of that period and is recognized in employee benefits expense.
Where the terms of an equity-settled transaction award are modified, the minimum expense recognized is the expense as if the terms had not
been modified, if the original terms of the award are met. An additional expense is recognized for any modification that increases the total
intrinsic value of the share-based payment transaction, or is otherwise beneficial to the employee as measured at the date of modification.
p. Segment Reporting
Business Segment
The Company is operating under only one business segment, i.e. “manufacturing of food products”.
Geographical Segment
Operations of the Company do not have geographical segments under the criteria set out under Accounting Standard 17 on ‘Segment reporting’.
Hence it is considered operating in a single geographical segment.
Segment accounting policies
The Company prepares its segment information in conformity with the accounting policies adopted for preparing and presenting the financial
statements of the Company as a whole.
60
q. Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders (after deducting
preference dividends and attributable taxes) by the weighted average number of equity shares outstanding during the period. Partly paid equity
shares are treated as a fraction of an equity share to the extent that they are entitled to participate in dividends relative to a fully paid equity share
during the reporting period. The weighted average number of equity shares outstanding during the period is adjusted for events such as bonus
issue, bonus element in a rights issue, share split, and reverse share split (consolidation of shares) that have changed the number of equity
shares outstanding, without a corresponding change in resources.
For the purpose of calculating diluted earnings per equity share, the net profit or loss for the period attributable to equity shareholders and the
weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.
r. Provisions
A provision is recognized when an enterprise has a present obligation as a result of past event and 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. Provisions are not discounted to its
present value and are determined based on best management estimate required to settle the obligation at the balance sheet date. These are
reviewed at each balance sheet date and adjusted to reflect the current best management estimates.
s. Contingent liabilities
A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence
of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not
probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there
is a liability that cannot be recognized because it cannot be measured reliably. The Company does not recognize a contingent liability but
discloses its existence in the financial statements.
t. Cash and Cash equivalents
Cash and cash equivalents for the purpose of cash flow statement comprise cash at bank and in hand and short- term investments with an
original maturity of three months or less.
Textual information (20): Disclosure of general information about company [Text Block]
Veeba Food Services Private Limited (“the Company”) was incorporated on 12 October 2012 as a Private Limited Company in India under the
Indian Companies Act, 1956. On 17th June 2022, the name of Veeba Food Services Private Limited has been changed to VRB Consumer
Products Private Limited. The main object of the Company is to manufacture and trade in all type of food products by any or all methods of
preservation. The Company started production from 6 May 2013. Company has manufacturing plant at Neemrana and Keshwana, Rajasthan.
61
[201000] Notes - Tangible assets

Period FY 2022
Textual
Disclosure of notes on tangible assets explanatory [Text Block] Information (21)
Disclosure of tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Carrying amount [Member]
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets [Line Items]
Reconciliation of changes in tangible assets [Abstract]
Tangible assets at end of period (A) 11,017.96 (B) 10,850.32
Footnotes
(A) Property, Plant and Equipment : 11017.96
(B) Property, Plant and Equipment : 10850.32

Carrying amount accumulated depreciation and gross carrying amount [Axis] Gross carrying amount [Member]
Changes in tangible assets [Abstract]
Revaluation increase (decrease) tangible assets 885.3 399.76
Disposals tangible assets [Abstract]
Disposals tangible assets, others 38.89 32.85
Total disposals tangible assets 38.89 32.85
Total changes in tangible assets 846.41 366.91
Tangible assets at end of period 13,276.4 12,429.99 12,063.08

Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
Depreciation tangible assets 698.67 580.43
62
Classes of tangible assets [Axis] Land [Member]

Depreciation tangible assets -19.97 -20.11
Revaluation increase (decrease) tangible assets 0 0
Disposals tangible assets, others 0 0
Total disposals tangible assets 0 0
Total changes in tangible assets -19.97 -20.11

Total changes in tangible assets 0 0

Tangible assets at end of period 119.53 99.56 79.45

Sub classes of tangible assets [Axis] Assets held under lease [Member]
63



Classes of tangible assets [Axis] Buildings [Member]

64



Classes of tangible assets [Axis] Residential building [Member]
Tangible assets at end of period 0 0 0


65




Classes of tangible assets [Axis] Factory building [Member]

66





67


Classes of tangible assets [Axis] Plant and equipment [Member]


Tangible assets at end of period 1,141.78 759.87 498.1
68
Classes of tangible assets [Axis] Factory equipments [Member]




Carrying amount accumulated depreciation and gross carrying
amount [Axis] Carrying amount [Member] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2021 FY 2020
Tangible assets at end of period 0 0 0 0
69

Accumulated depreciation and impairment
Carrying amount accumulated depreciation and gross carrying amount [Axis] [Member]
Total changes in tangible assets 0
Tangible assets at end of period 0 0

Sub classes of tangible assets [Axis] Owned assets [Member]


70
Classes of tangible assets [Axis] Furniture and fixtures [Member]

Depreciation tangible assets -15 -13.95
Total changes in tangible assets 6.53 -4.65


Depreciation tangible assets 15 13.95
Total changes in tangible assets 15 13.95
Tangible assets at end of period 67 52 38.05

Depreciation tangible assets -15 -13.95
71


Depreciation tangible assets 15 13.95
Total changes in tangible assets 15 13.95
Tangible assets at end of period 67 52 38.05

Classes of tangible assets [Axis] Vehicles [Member]
Revaluation increase (decrease) tangible assets 44.48

72


Total changes in tangible assets -13.39 0.49

Classes of tangible assets [Axis] Motor vehicles [Member]


73




74
Classes of tangible assets [Axis] Office equipment [Member]


Disposals tangible assets, others 0 0.9
Total disposals tangible assets 0 0.9


75

Revaluation increase (decrease) tangible assets (A) 7.18 (B) 46.48
Disposals tangible assets, others 0 (C) 0.9
Tangible assets at end of period 901.22 894.04 (D) 848.46
Footnotes
(A) Office Equipment : 7.18
(B) Office Equipment : 6.73 Electrical Installations : 39.75
(C) Office Equipment : 0.9
(D) Office Equipment : 34.49 Electrical Installations : 813.97

Depreciation tangible assets (A) 87.9 (B) 84.82
Disposals tangible assets, others 0 (C) 0.9
Tangible assets at end of period 246.84 158.94 (D) 75.02
Footnotes
(A) Charge for the year- Electrical installations : 81.38 Charge for the year- Office equipments : 6.52
(B) Office Equipment : 5.84 Electrical Installations : 78.98
(C) Office Equipment : 0.9
(D) Office Equipment : 16.71 Electrical Installations : 58.31

Classes of tangible assets [Axis] Computer equipments [Member]
76

Tangible assets at end of period 22.63 17 11.79



Tangible assets at end of period 22.63 17 11.79

77



Classes of tangible assets [Axis] Leasehold improvements [Member]

78




79

Classes of tangible assets [Axis] Other tangible assets [Member]



Classes of tangible assets [Axis] Other tangible assets, others [Member]
Nature of other tangible assets member member
80




Nature of other tangible assets Roads Roads
81


Disclosure of additional information tangible assets [Table] ..(1)

Disclosure of additional information tangible assets [Abstract]
Disclosure of additional information tangible assets [Line Items]
Depreciation method tangible assets member member
Useful lives or depreciation rates tangible assets member member

Sub classes of tangible assets [Axis] Owned and leased assets [Member] Assets held under lease [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of additional information tangible assets [Line
Items]
Depreciation method tangible assets member member NA NA
Useful lives or depreciation rates tangible assets member member NA NA
82


Period FY 2022 FY 2021 FY 2022 FY 2021
Items]
Refer to child Refer to child Straight line Straight line
Depreciation method tangible assets member member Method Method
Useful lives or depreciation rates tangible assets member member 30 30


Sub classes of tangible assets [Axis] Owned and leased assets [Member] Owned assets [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Items]
Useful lives or depreciation rates tangible assets member member (A) 27 (B) 27
Footnotes
(A) Plant and equipments : 15 Plant and Machinery (Moulds) : 5 Plant and Machinery (Pallets) : 7
(B) Plant and equipments : 15 Plant and Machinery (Moulds) : 5 Plant and Machinery (Pallets) : 7

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]
83


Period FY 2022 FY 2021 FY 2022 FY 2021
Items]

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]
Useful lives or depreciation rates tangible assets member member (A) 15 (B) 15
Footnotes
(A) Office equipment : 5 Electrical Installations : 10
(B) Office equipment : 5 Electrical Installations : 10

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]
84

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]


Period FY 2022 FY 2021 FY 2022 FY 2021
Items]
Textual information (21): Disclosure of notes on tangible assets explanatory [Text Block]
Property, Plant
and Equipment
Land Electrical I Furniture Lease

Plant and Office Eq Computer
Particulars (Leasehol Buildings* Roads nstallation and Vehicles hold impr Total
equipment uipment Hardware
d) s Fixtures ovement
Cost
At 01 April 2020 1,711.49 4,904.83 122.05 4,142.87 813.97 141.36 34.49 54.29 105.01 32.72 12,063.08
Additions - - - 331.64 39.75 9.30 6.73 - - 12.34 399.76
Disposals/Other
- - - 24.66 - - 0.90 6.40 - 0.89 32.85
adjustments
At 31 March 2021 1,711.49 4,904.83 122.05 4,449.85 853.72 150.66 40.32 47.89 105.01 44.17 12,429.99
Additions - - - 797.03 - 21.53 7.18 44.48 - 15.08 885.30
Disposals - - - 2.57 - - 36.32 - 38.89
At 31 March 2022 1,711.49 4,904.83 122.05 5,244.31 853.72 172.19 47.50 56.05 105.01 59.25 13,276.40
Depreciation
At 01 April 2020 79.45 253.10 16.32 498.10 58.31 38.05 16.71 20.30 13.95 20.93 1,015.22
Charge for the

20.11 155.21 11.59 270.25 78.98 13.95 5.84 6.24 11.17 7.09 580.43
year
Disposals - - - 8.48 - - 0.90 5.75 - 0.85 15.98
At 31 March 2021 99.56 408.31 27.91 759.87 137.29 52.00 21.65 20.79 25.12 27.17 1,579.67
85
Charge for the

19.97 155.21 11.59 382.61 81.38 15.00 6.52 5.81 11.13 9.45 698.67
year
Disposals - - - 0.70 - - - 19.20 - - 19.90
At 31 March 2022 119.53 563.52 39.50 1,141.78 218.67 67.00 28.17 7.40 36.25 36.62 2,258.44
Net block
At 31 March 2021 1,611.93 4,496.52 94.14 3,689.98 716.43 98.66 18.67 27.10 79.89 17.00 10,850.32
At 31 March 2022 1,591.96 4,341.31 82.55 4,102.53 635.05 105.19 19.33 48.65 68.76 22.63 11,017.96
Capital work-in-progress
As at As at
Particulars
31 March 2022 31 March 2021
Capital work-in-progress 27.23 11.98
27.23 11.98
Capital work in progress (CWIP) Ageing

Schedule
As at 31 March 2022
Amount in CWIP for a

period of
Less than 1 year 1-2 years 2-3 years More than 3 years Total
INR lakhs INR lakhs INR lakhs INR lakhs INR lakhs
Projects in progress 27.23 27.23
Total 27.23 - - - 27.23
As at 31 March 2021
Amount in CWIP for a

period of
Less than 1 year 1-2 years 2-3 years More than 3 years Total
INR lakhs INR lakhs INR lakhs INR lakhs INR lakhs
Projects in progress 6.48 5.50 11.98
Total 6.48 5.50 - - 11.98
Note : There are no projects under Capital

Work in progress where the completion is
overdue or has exceeded its cost
compared to its original plan.
86
[201100] Notes - Intangible assets

Period FY 2022
Textual
Disclosure of notes on intangible assets explanatory [Text Block] Information (22)
Disclosure of intangible assets [Table] ..(1)

Classes of intangible assets [Axis] Company total intangible assets [Member]
Internally generated and other than
internally generated intangible assets
Sub classes of intangible assets [Axis] [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis] Carrying amount [Member]
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets [Line Items]
Reconciliation of changes in intangible assets [Abstract]
Intangible assets at end of period 35.87 31.05

Internally generated and other than internally generated intangible
Sub classes of intangible assets [Axis] assets [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Changes in intangible assets [Abstract]
Additions to intangible assets [Abstract]
Additions other than through business combinations intangible assets 22.8 15.96
Acquisitions through business combinations intangible assets 0
Total additions to intangible assets 22.8 15.96
Total changes in intangible assets 22.8 15.96
Intangible assets at end of period 134.15 111.35 95.39

[Axis] Accumulated amortization and impairment [Member]
Amortization intangible assets 17.98 24.53

Classes of intangible assets [Axis] Brands and trade marks [Member]
[Axis] Carrying amount [Member]
87
Additions other than through business combinations intangible assets 11.83

Total additions to intangible assets 11.83 0
Amortization intangible assets -2.95 0
Total changes in intangible assets 8.88 0
Intangible assets at end of period 8.88 0 0


Amortization intangible assets 2.95 0

Classes of intangible assets [Axis] Trade marks [Member]
88



Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]

89


Classes of intangible assets [Axis] Computer software [Member]
Amortization intangible assets -15.03 -24.53
Total changes in intangible assets -4.06 -8.57


90

Amortization intangible assets -15.03 -24.53
Total changes in intangible assets -4.06 -8.57


Disclosure of additional information intangible assets [Table] ..(1)

Classes of intangible assets [Axis] Company total intangible assets [Member] Brands and trade marks [Member]
Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of additional information intangible assets [Abstract]
Disclosure of additional information intangible assets [Line
Items]
Useful lives or amortization rates intangible assets member member member member
Description of amortization method used member member member member
91

internally generated intangible assets Internally generated intangible assets
Sub classes of intangible assets [Axis] [Member] [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Items]
Useful lives or amortization rates intangible assets member member 3 years 3 years
Description of amortization method used member member Method Method

internally generated intangible assets Internally generated intangible assets
Sub classes of intangible assets [Axis] [Member] [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Items]
Useful lives or amortization rates intangible assets member member 3 years 3 years
Description of amortization method used member member Method Method
Textual information (22): Disclosure of notes on intangible assets explanatory [Text Block]
Particulars Computer Software Trademarks Total
Gross block
At 01 April 2020 95.39 - 95.39
Additions 15.96 - 15.96
At 31 March 2021 111.35 - 111.35
Additions 10.97 11.83 22.80
At 31 March 2022 122.32 11.83 134.15
Amortization
At 01 April 2020 55.77 - 55.77
Charge for the year 24.53 - 24.53
At 31 March 2021 80.30 - 80.30
Charge for the year 15.03 2.95 17.98
At 31 March 2022 95.33 2.95 98.28
Net block
At 31 March 2021 31.05 - 31.05
At 31 March 2022 26.99 8.88 35.87
92
[201200] Notes - Employee benefits

Period FY 2022
Textual
Disclosure of employee benefits explanatory [Text Block] Information (23)
Disclosure of defined benefit plans [Table]

Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Defined benefit plans categories [Axis] 1
Disclosure of defined benefit plans [Abstract]
Disclosure of defined benefit plans [Line Items]
Description of type of plan Gratuity Gratuity
Reconciliation of changes in present value of defined benefit obligation [Abstract]
Changes in defined benefit obligation, at present value [Abstract]
Increase (decrease) through current service cost, defined benefit obligation, at
present value 53.65 42.34
Increase (decrease) through interest cost, defined benefit obligation, at present
value 9.78 7.69
Increase (decrease) through actuarial losses (gains), defined benefit obligation, at
present value -25.4 -5.72
Decrease through benefits paid, defined benefit obligation, at present value 7.07 7.42
Total changes in defined benefit obligation, at present value 81.76 48.33
Defined benefit obligation, at present value at end of period 269.93 188.17 139.84
Reconciliation of changes in fair value of plan assets [Abstract]
Plan assets, at fair value at end of period 0 0
Recognised assets and liabilities of defined benefit plans [Abstract]
Recognised liabilities, defined benefit plan 269.93 188.17
Recognised assets, defined benefit plan 0 0
Net liability (asset) of defined benefit plans 269.93 188.17
Reconciliation of liability asset of defined benefit plans [Abstract]
Defined benefit obligation, at present value 269.93 188.17 139.84
Plan assets, at fair value 0 0
Net liability (asset) of defined benefit plans 269.93 188.17
Experience adjustments on plan assets and plan liabilities [Abstract]
Defined benefit obligation, at present value 269.93 188.17 139.84
Plan assets, at fair value 0 0
Net surplus (deficit) in plan -269.93 -188.17
Textual information (23): Disclosure of employee benefits explanatory [Text Block]
Gratuity and other post-employment benefit plans
The company operates defined benefit plan for gratuity, for its
employees. Under the gratuity plan,
every employee who has completed at least five years of service
gets a gratuity on departure @ 15 days
of last drawn salary for each completed year of service. The plan is
not funded by the company.
The following tables summarize the components of net benefit

expense recognized in the statement of
profit and loss and amounts recognized in the balance sheet for the
respective plans.
Statement of profit and loss
Net employee expense recognized in the employee cost
Particulars Gratuity
31-Mar-22 31-Mar-21
Current service cost 53.65 42.34
Interest cost on benefit obligation 9.78 7.69
93
Past service cost- (vested and non vested benefits) - -
Net actuarial loss recognized in the year 25.41 5.72
Net expense 88.84 55.75
Balance sheet
Benefit liability
31-Mar-22 31-Mar-21
Present value of defined benefit obligation (269.93) (188.17)
Plan (liability) (269.93) (188.17)
Changes in the present value of the defined benefit obligation are as

follows:
31-Mar-22 31-Mar-21
Opening defined benefit obligation 188.17 139.84
Current service cost 53.65 42.34
Interest cost 9.78 7.69
Benefits paid (7.07) (7.42)
Actuarial losses on obligation 25.40 5.72
Closing defined benefit obligation 269.93 188.17
The principal assumptions used in determining gratuity for the

company’s plans are shown below:
31-Mar-22 31-Mar-21
Discount rate 6.10% 5.50%
Officers - 8.43% Officers - 8.4%

Salary escalation rate
Workers - 6.83% Workers - 5.06%
Employee turnover 20% 25%
Mortality IALM (2012-14) IALM (2012-14)
The estimates of future salary increases, considered in actuarial

valuation, take account of inflation,
seniority, promotion and other relevant factors, such as supply and
demand in the employment market.
The discount rate is based on the prevailing market yields available

on Indian government securities as
at the balance sheet date for the estimated term of the obligations.
Amounts for the current and previous four periods are as follows:
31-03-2 31-03-2 31-03-2

31-03-2019 31-03-2018
Particulars 022 021 020
Rs. Rs.
Rs. Rs. Rs.
Gratuity
Defined benefit obligation 269.93 188.17 139.84 76.60 60.65
(deficit) (269.93) (188.17) (139.84) (76.60) (60.65)
94
[201300] Notes - Segments

Period FY 2022
Textual
Disclosure of enterprise's reportable segments explanatory [Text Block] Information (24)
Textual information (24): Disclosure of enterprise's reportable segments explanatory [Text Block]
Segment reporting
Business Segments:
The Company’s business activity falls within a single business segment i.e. “manufacturing of food products” which is considered to be the only
reportable business segment. Therefore, business segment reporting in terms of Accounting Standard 17 is not applicable.
Geographical Segments:
Operations of the Company do not have geographical segments under the criteria set out under Accounting Standard 17 on ‘Segment reporting’.
Hence it is considered operating in a single geographical segment.
95
[201400] Notes - Leases

Textual
Disclosure of leases explanatory [Text Block] Information (25)
Whether any operating lease has been converted to financial lease or vice-versa No No
Disclosure of minimum operating lease payments by lessee [Table] ..(1)

Later than one year and not later than five
Maturity [Axis] Not later than one year [Member] years [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of minimum operating lease payments by lessee
[Abstract]
Disclosure of operating lease by lessee [Line Items]
Minimum operating lease payments payable 160 153.34 715.01 684.32
Disclosure of minimum operating lease payments by lessee [Table] ..(2)

Maturity [Axis] Later than five years [Member]
Disclosure of minimum operating lease payments by lessee [Abstract]
Disclosure of operating lease by lessee [Line Items]
Minimum operating lease payments payable 139.04 329.72
Textual information (25): Disclosure of leases explanatory [Text Block]
Operating Lease
General description for significant lease arrangement is as follows:
The Company has taken office premises under operating lease agreements having a lock-in
period of 3 years with an annual escalation of 4.75% on Rs. 70 per sq ft per month rent and
3.50% on Rs. 20 per sq ft per month rent. The rental expense under these agreements during
the year ended March 31, 2022 is INR 153.14 lakhs (March 31, 2021: INR 130.63 lakhs).
Future minimum rentals payable under non-cancellable operating leases are as follows:
At At
Particulars
March 31, 2022 March 31, 2021
Within one year 160.00 153.34
After one year but not more than five years 715.01 684.32
More than five years 139.04 329.72
96
[201600] Notes - Related party

Textual
Disclosure of notes on related party explanatory [Text Block] Information (26)
Other information subsidiary details [Abstract]
Whether company is subsidiary company No No
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] 1 2
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of relationship and transactions between related
parties [Abstract]
parties [Line Items]
Mr. Viraj Bahl Mr. Viraj Bahl
(Managing (Managing Ms. Ridhima Bahl Ms. Ridhima Bahl
Name of related party Director) Director) (Director) (Director)
Country of incorporation or residence of related party INDIA INDIA INDIA INDIA
Permanent account number of related party AHAPB0712B AHAPB0712B ANWPB7977N ANWPB7977N
Key Management Key Management Key Management Key Management
Description of nature of related party relationship Personnel Personnel Personnel Personnel
Remuneration pai
d,Reimbursement Remuneration pai
for expense, d,Reimbursement Remuneration Remuneration
Remuneration for expense, paid, paid,
payable, Purchase Remuneration Remuneration Remuneration
Description of nature of transactions with related party of Trademark payable payable payable
Related party transactions [Abstract]
Other related party transactions expense (A) 2.02
Transaction relating to key management personnel [Abstract]
Remuneration for key managerial personnel 255.8 149.6 160.55 78.48
Outstanding balances for related party transactions [Abstract]
Amounts payable related party transactions (B) 16.1 (C) 12.15 (D) 15 (E) 6.2
Amount written off during period in respect of debts due from
related parties 0 0 0 0
Amount written back during period in respect of debts due to
Footnotes
(A) Purchase of trademark : 0.1 Reimbursement for expense : 1.92
(B) Remuneration Payable : 15.7 Payables : 0.4
(C) Remuneration Payabale : 12.15
(D) Remuneration Payable : 15
(E) Remuneration Payabale : 6.2

Period FY 2022 FY 2021 FY 2022 FY 2021
parties [Abstract]
Mr. Mukul Parakh Mr. Mukul Parakh
(Director) (Director)
(Deceased on 18th (Deceased on 18th Mr. Rajiv Wahi Mr. Rajiv Wahi
Name of related party July 2020) July 2020) (Director) (Director)
Country of incorporation or residence of related party INDIA INDIA SINGAPORE SINGAPORE
Permanent account number of related party AFAPP2043R AFAPP2043R ABAPW5505F ABAPW5505F
97
Key Management Key Management Key Management Key Management

Description of nature of related party relationship Personnel Personnel Personnel Personnel
Remuneration Remuneration
paid, paid,
Reimbursement Reimbursement Remuneration Remuneration
for expense, for expense, paid, paid,
Remuneration Remuneration Remuneration Remuneration
Description of nature of transactions with related party payable, Payables payable, Payables payable payable
Other related party transactions expense (A) 0.09
Remuneration for key managerial personnel 0 9.96 23.16 23.16
Amounts payable related party transactions 0 (B) 1.5 (C) 1.5
Footnotes
(A) Reimbursement for expence : 0.09
(B) Remuneration Payable : 1.5
(C) Remuneration Payable : 1.5

Period FY 2022 FY 2021 FY 2022 FY 2021
parties [Abstract]
MOUNTAIN MOUNTAIN
TRAIL FOODS TRAIL FOODS
Mr. Anoop Mr. Anoop PRIVATE PRIVATE
Name of related party Aroura (Director) Aroura (Director) LIMITED LIMITED
Country of incorporation or residence of related party INDIA INDIA INDIA INDIA
Permanent account number of related party AEOPA5162P AEOPA5162P
U55209KA2008P U55209KA2008P
CIN of related party TC046663 TC046663
Enterprises which Enterprises which
are owned, or are owned, or
have significant have significant
influence of or are influence of or are
partners with Key partners with Key
management management
Key Management Key Management personnel and personnel and
Description of nature of related party relationship Personnel Personnel their relatives their relatives
paid, paid,
Reimbursement Reimbursement
for expense, for expense,
payable, Advance payable, Advance Sales(Excluding Sales(Excluding
for expenses, for expenses, GST), Amount GST), Amount
Description of nature of transactions with related party Payables Payables Receivable Receivable
Revenue from sale of goods related party transactions 7.93 11.22
Other related party transactions expense (A) 4.61 (B) 4.76
Remuneration for key managerial personnel 66.12 49.77 0 0
Amounts payable related party transactions (C) 5.76 (D) 4.98
Amounts receivable related party transactions 4.04 4.07
98

Footnotes
(A) Reimbursement for expenses : 4.61
(B) Reimbursement for expenses : 4.76
(C) Remuneration Payable : 5.33 Advance for expenses : 0.43
(D) Remuneration Payabale : 4.84 Payables : .14

Categories of related parties [Axis] 7
Disclosure of relationship and transactions between related parties [Abstract]
Disclosure of relationship and transactions between related parties [Line Items]
SARAF FOODS SARAF FOODS
Name of related party LIMITED LIMITED
Country of incorporation or residence of related party INDIA INDIA
U51909GJ1990PL U51909GJ1990PL
CIN of related party C013211 C013211
Enterprises which Enterprises which
are owned, or are owned, or
have significant have significant
influence of or are influence of or are
partners with Key partners with Key
management management
personnel and personnel and
Description of nature of related party relationship their relatives their relatives
Sales(Excluding Sales(Excluding
GST), Purchase of GST), Purchase of
Goods , Loans and Goods , Loans and
Description of nature of transactions with related party advances advances
Purchases of goods related party transactions 22.47
Revenue from sale of goods related party transactions 9.2
Remuneration for key managerial personnel 0 0
Amount written off during period in respect of debts due from related parties 0 0
Amount written back during period in respect of debts due to related parties 0 0
Textual information (26): Disclosure of notes on related party explanatory [Text Block]
Related party disclosures
Related parties under AS-18

with whom transaction have
taken place during the year
Mr. Viraj
Bahl
Directors
(Managing
Director)
Ms.
Ridhima
Bahl
(Director)
Mr. Rajiv
Wahi
(Director)
Mr. Anoop
Aroura
(Director)
99
Mr. Mukul
Parakh
(Director)
(Deceased
on 18th
July 2020)
Saraf
Food
Limited
Enterprises owned or
Mountain
significantly influenced by
Trail
directors or their relatives
Food
Private
Limited
Related party transactions
The following table provides

the total amount of
transactions that have been
entered into with related
parties for the relevant
financial year:
Enterpris
es owned
or signific
Key Ma antly influ
nagem enced by
Particulars Total
ent Per key man
sonnel agement
personne
l or their
relatives
March Marc March March

March March
31, h 31, 31, 31,
31, 2021 31, 2022
2022 2021 2022 2021
Sales*
Mountain Trail Food Private

- - 7.93 11.22 7.93 11.22
Limited
Saraf Food Limited - - - 9.20 - 9.20
Purchase of Trademark
Viraj Bahl 0.10 - - - 0.10 -
Remuneration paid
Viraj Bahl 255.80 149.60 - - 255.80 149.60
Ridhima Bahl 160.55 78.48 - - 160.55 78.48
Rajiv Wahi 23.16 23.16 - - 23.16 23.16
Mukul Parakh - 9.96 - - - 9.96
Anoop Aroura 66.12 49.77 - - 66.12 49.77
Reimbursement for expense
Viraj Bahl 1.92 - - - 1.92 -
Mukul Parakh - 0.09 - - - 0.09
Anoop Aroura 4.61 4.76 - - 4.61 4.76
Purchase of Goods
100
Saraf Food Limited - - 22.47 - 22.47
Compensation against
relinquishment of stock
options
Anoop Aroura 76.78 - - - 76.78 -
*Excluding Goods and

Service Tax
Amount outstanding at the

year end
Enterpris
es
owned or
Key M significan
anage tly influe
Particulars ment nced by Total
Perso key man
nnel agement
personne
l or their
relatives
March Marc Marc March Marc

March
31, h 31, h 31, 31, h 31,
31, 2022
2022 2021 2021 2022 2021
Balances at the year end
Remuneration payable
Viraj Bahl 15.70 12.15 - - 15.70 12.15
Ridhima Bahl 15.00 6.20 - - 15.00 6.20
Rajiv Wahi 1.50 1.50 - - 1.50 1.50
Anoop Aroura 5.33 4.84 - - 5.33 4.84
Amount Receivable
Mountain Trail Food Private

- 4.04 4.07 4.04 4.07
Limited
Advance for expenses
Anoop Aroura 0.43 - - - 0.43 -
Payables
Viraj Bahl 0.40 0.40 -
Anoop Aroura 0.14 - - - 0.14
101
[201700] Notes - Government grants

Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
102
[202100] Notes - Other provisions, contingent liabilities and contingent assets

Period FY 2022
Textual
Disclosure of other provisions explanatory [Text Block] Information (27)
Textual information (27): Disclosure of other provisions explanatory [Text Block]
Particulars Long-term Short-term
As at As at As at
As at
31 March 31 March 31 March

31 March 2022
2021 2022 2021
Provision for employees benefits:
Provision for gratuity (refer note 27) 217.44 146.54 52.49 41.63
Provision for leave benefits - - 153.41 118.12
217.44 146.54 205.90 159.75
103
[202400] Notes - Investments in associates

Period FY 2022
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
Whether company has associates liquidated or sold during year No
104
[202500] Notes - Financial reporting of interests in joint ventures

Period FY 2022
Whether company has invested in joint ventures No
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No
105
[202700] Notes - Cash flow statements

Textual
Disclosure of cash flow statement explanatory [Text Block] Information (28)
Description of accounting policy to determine components of cash and cash Textual
equivalents [Text Block] Information (29)
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 1,471.67 1,173.94 553.23
Total cash and cash equivalents 1,471.67 1,173.94
Textual information (28): Disclosure of cash flow statement explanatory [Text Block]
Particulars 31 March 2022 31 March 2021
INR
INR Lakhs
Lakhs
A. Cash flow from operating activities
Loss before tax (2,058.32) (1,346.07)
Adjustment to reconcile loss before tax to net cash flows
Depreciation and amortization expense 716.65 604.96
Rent equalization reserve 15.26 3.94
Loss/(profit) on sale of property, plant and equipment (2.61) 8.04
Provision for diminution in value of investments (current investment) 12.20 (0.56)
Employee stock compensation expenses 50.79 65.84
Net (gain)/ loss on sale of current investments (958.59) -
Interest expense 40.46 82.69
Interest (income) (77.50) (37.82)
Non operating income (9.94)
Provision for doubtful debts - 29.71
Operating loss before working capital changes (2,271.60) (589.27)
Movements in working capital :
Increase in trade payables 3,972.66 487.61
Increase in provisions 117.05 63.96
Increase / (Decrease) in other current liabilities 237.69 (88.24)
Decrease / (increase) in trade receivables (46.73) 475.21
(Increase) / Decrease in inventories (1,025.30) 187.67
(Increase) / Decrease in other current assets 5.40 -
Decrease in loans and advances 781.76 855.45
Cash generated from operations 1,770.93 1,392.39
Net cash flow from operating activities (A) 1,770.93 1,392.39
B. Cash flows from investing activities
Purchase of property, plant and equipment, including CWIP and

(793.59) (520.98)
capital advances
Proceeds from sale of property, plant and equipment 21.58 8.85
Purchase of current investments (8,391.64) (34.45)
Proceeds from sale/maturity of current investments 8,672.08 -
Investments in bank deposits (having original maturity of more than

(339.26) (5.21)
three months)
106
Net cash flow (used in) investing activities (B) (771.02) (514.05)
C. Cash flows from financing activities
Money received against share warrants 3.54 -
Repayment of long-term borrowings - (5.57)
Repayment of short-term borrowings (665.26) (169.34)
Interest paid (40.46) (82.72)
Net cash flow (used in) financing activities ( C ) (702.18) (257.63)
Net increase in cash and cash equivalents (A + B + C) 297.73 620.71
Cash & cash equivalents at the beginning of the year 1,173.94 553.23
Cash & cash equivalents at the end of the year 1,471.67 1,173.94
Components of cash and cash equivalents
Cash on hand 1.13 4.69
Balances with scheduled banks
in current accounts 1,470.54 1,169.25
Total cash and cash equivalent (refer note 15) 1,471.67 1,173.94
Summary of significant accounting policies 2.1
Textual information (29): Description of accounting policy to determine components of cash and cash equivalents [Text
Block]
t. Cash and Cash equivalents

Cash and cash equivalents for the purpose of cash flow statement comprise cash at bank and in hand and short- term investments with an
original maturity of three months or less.
107
[202800] Notes - Subsidiary information

Period FY 2022
Whether company has subsidiary companies No
Whether company has subsidiary companies which are yet to commence operations No
Whether company has subsidiary companies liquidated or sold during year No
108
[300100] Notes - Revenue

Period FY 2022
Textual
Disclosure of revenue explanatory [Text Block] Information (30)
Textual
Description of accounting policy for recognition of revenue Information (31)
Textual information (30): Disclosure of revenue explanatory [Text Block]
For the year ended For the year ended

Particulars
31 March 2022 31 March 2021
Revenue from operations
Sale of products
Finished goods 54,090.19 32,581.69
Traded goods 0.66 41.18
Other operating revenue
Scrap sales 146.85 87.99
Revenue from operations (net) 54,237.70 32,710.86
Detail of finished goods sold

Particulars
31 March 2022 31 March 2021
Emulsified Sauces 32,627.41 18,559.87
Sauces & Spreads 10,270.34 7,491.30
Tomato Ketchups & Tomato Sauces 6,334.80 3,420.52
Peanut Butter 1,958.14 1,264.56
V-Nourish/ Provee 40.34 18.85
Others 2,859.16 1,826.59
54,090.19 32,581.69
Textual information (31): Description of accounting policy for recognition of revenue
Revenue Recognition Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue
can be reliably measured. The following specific recognition criteria must also be met before revenue is recognized: Sale of goods Revenue from
sale of goods is recognized when all the significant risks and rewards of ownership of the goods have been passed to the buyer, usually on
delivery of the goods. The company collects Goods and Service Tax (GST) and other taxes on behalf of the government and, therefore, these
are not economic benefits flowing to the company. Hence, they are excluded from revenue
109
[300300] Notes - Earnings per share

Textual
Disclosure of earnings per share explanatory [Text Block] Information (32)
Adjustments of numerator to calculate basic earnings per share [Abstract]
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Textual information (32): Disclosure of earnings per share explanatory [Text Block]
Earnings per share (EPS)

Particulars
31 March 2022 31 March 2021
Loss for the year (2,058.32) (1,346.07)
Less : dividends on convertible preference shares & tax thereon - -
Loss for calculation of basic EPS (2,058.32) (1,346.07)
Net loss as above (2,058.32) (1,346.07)
Add: dividends on convertible preference shares & tax thereon - -
Loss for calculation of diluted EPS (2,058.32) (1,346.07)
Weighted average number of equity shares in calculating basic EPS 69.66 69.66
Effect of dilution:
0.01% Compulsorily Convertible Preference Shares of Rs. 10/- each fully paid up
7.52 7.52
(Series A CCPS)
0.68 0.68
(Series B CCPS)
1.96 1.96
(Series C CCPS)
5.98 5.98
(Series D CCPS)
3.62 3.62
(Series E CCPS)
Add: Stock option Granted under ESOP [91,400 ESOP (31 March 2021: 1,12,000
ESOP)]
0.82 1.00
(refer note 28)
Add: Warrant (including potential bonus issue) [4,13,868 warrants (31 March 2021:
4.20 0.66
60,000 warrants)] (refer note 3)
Weighted average number of equity shares in calculating diluted EPS 94.44 91.08
Basic earnings (in Rupees) per share (29.55) (19.32)
Diluted earnings (in Rupees) per share* (21.80) (14.78)
Final diluted earnings (in Rupees) per share * (29.55) (19.32)
* Since diluted earning per share has been increased when taking the effect of dilution,
hence they are anti dilutive and are ignored in calculation of diluted earning per share.
110
[300400] Notes - Employee share-based payments
Disclosure of number and weighted average exercise prices of stock options [Table]
Stock options
outstanding Stock options
Groups of stock options [Axis] [Member] forfeited [Member]
Period FY 2022
Disclosure of number and weighted average exercise prices of stock options [Abstract]
Disclosure of number and weighted average exercise prices of stock options [Line Items]
(A) [pure]
Number of stock options in employee share-based payment arrangement 124,400 (B) [pure] 58,600
Footnotes
(A) VESOP I : 50400 VESOP II : 40000 VESOP III : 16000 VESOP IV : 0 VESOP V : 18000
(B) VESOP I : 33600 VESOP II : 10000 VESOP III : 0 VESOP IV : 15000 VESOP V : 0
111
[300500] Notes - Subclassification and notes on income and expenses

Disclosure of revenue from sale of products [Abstract]
Textual
Disclosure of revenue from sale of products explanatory [Text Block] Information (33)
Revenue from sale of products [Abstract]
Revenue from sale of products, gross (A) 54,090.85 (B) 32,622.87
Total revenue from sale of products (C) 54,090.85 (D) 32,622.87
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Total revenue from sale of services 0 0
Disclosure of other operating revenues [Abstract]
Textual
Disclosure of notes on other operating revenues explanatory [Text Block] Information (34)
Other operating revenues [Abstract]
Miscellaneous other operating revenues 146.85 87.99
Total other operating revenues (E) 146.85 (F) 87.99
Disclosure of other income [Abstract]
Textual
Disclosure of notes on other income explanatory [Text Block] Information (35)
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments (G) 77.5 (H) 37.82
Total interest income on current investments 77.5 37.82
Total interest income 77.5 37.82
Dividend income [Abstract]
Total dividend income 0 0
Net gain/loss on sale of investments [Abstract]
Net gain/loss on sale of current investments 958.59 0
Total net gain/loss on sale of investments 958.59 0
Other non-operating income [Abstract]
Miscellaneous other non-operating income 50.02 33.68
Total other non-operating income 50.02 33.68
Total other income 1,086.11 71.5
Disclosure of finance cost [Abstract]
Textual
Disclosure of notes on finance cost explanatory [Text Block] Information (36)
Interest expense [Abstract]
Interest expense other borrowings 40.46 82.69
Other interest charges 8.7 0.96
Total interest expense 49.16 83.65
Total finance costs 49.16 83.65
Employee benefit expense [Abstract]
Salaries and wages 7,054.56 4,916.71
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 181.42 152.95
Total contribution to provident and other funds 181.42 152.95
Expense on employee stock option scheme and employee stock purchase plan 689.52 65.84
Gratuity 88.84 55.75
Staff welfare expense 227.15 121.88
Total employee benefit expense 8,241.49 5,313.13
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 317.19 193.75
Power and fuel 669.24 430.27
Rent 252.34 189.15
Repairs to building 57.84 34.17
Repairs to machinery 298.4 172.79
Insurance 49.42 33.39
Rates and taxes excluding taxes on income [Abstract]
Total rates and taxes excluding taxes on income 0 0
Research development expenditure 107.14 69.53
Printing stationery 19.83 17.37
112
Travelling conveyance 671.13 407.92

Legal professional charges 383.14 179.3
Safety security expenses 49.14 41.75
Directors sitting fees 0 0
Advertising promotional expenses 1,502.44 1,401.75
Cost repairs maintenance other assets 29.41 33.79
Provision bad doubtful debts created 0 29.71
Provision bad doubtful loans advances created 16 0
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0 0
Inventories written off 70.61 105.93
Bad debts written off 1.2 26.56
Bad debts advances written off 0 0
Total write-off assets 71.81 132.49
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable tangible asset 0 8.04
Payments to auditor [Abstract]
Payment for audit services 20.5 17.5
Payment for other services (I) 5.5 (J) 4.5
Payment for reimbursement of expenses 1.03 0.14
Total payments to auditor 27.03 22.14
Miscellaneous expenses (K) 15,480.8 (L) 9,816.38
Total other expenses 20,002.3 13,213.69
Footnotes
(A) Sale of Finished goods : 54090.19 Traded goods : 0.66
(B) Sale of Finished goods : 32581.69 Traded goods : 41.18
(C) Revenue from operations -Finished goods : 54090.19 Traded goods : 0.66
(D) Revenue from operations -Finished goods : 32581.69 Traded goods : 41.18
(E) Other operating revenue - Scrap Sales : 146.85
(F) Other operating revenue - Scrap Sales : 87.99
(G) Interest income on - Bank Deposits : 8.28 Interest income on - others : 69.22
(H) Interest income on - Bank Deposits : 2.04 Interest income on - others : 35.78
(I) Interim review : 5.5
(J) Interim review : 4.5
(K)
Consumption of packing material : 5862.34 Freight and forwarding charges : 3182.55 Rates and taxes : 67.41 Business Development expenses :
40.71 Exhibition expenses : 57.51 Discount, damage and expiry claims : 5767.75 Communication expenses : 94.83 Provision for slow moving
inventory : 89.14 Miscellaneous expenses : 234.86 ERP/IT expenses : 83.7
(L)
Consumption of packing material : 3941.8 Freight and forwarding charges : 1763.66 Rates and taxes : 45.27 Business Development expenses :
12.56 Exhibition expenses : 1.54 Discount, damage and expiry claims : 3347.32 Communication expenses : 68.61 Provision for slow moving
inventory : 506.05 Miscellaneous expenses : 86.62 ERP/IT expenses : 42.95
Textual information (33): Disclosure of revenue from sale of products explanatory [Text Block]

Particulars
31 March 2022 31 March 2021
Sale of products
Finished goods 54,090.19 32,581.69
113
Detail of finished goods sold

Particulars
31 March 2022 31 March 2021
Emulsified Sauces 32,627.41 18,559.87
Sauces & Spreads 10,270.34 7,491.30
Tomato Ketchups & Tomato Sauces 6,334.80 3,420.52
Peanut Butter 1,958.14 1,264.56
V-Nourish/ Provee 40.34 18.85
Others 2,859.16 1,826.59
54,090.19 32,581.69
Textual information (34): Disclosure of notes on other operating revenues explanatory [Text Block]

Particulars
31 March 2022 31 March 2021
Sale of products
Finished goods 54,090.19 32,581.69
Textual information (35): Disclosure of notes on other income explanatory [Text Block]

Particulars
31 March 2022 31 March 2021
Interest income on
Bank Deposits 8.28 2.04
Others 69.22 35.78
Net gain on sale of current investments 958.59 -
Other non-operating income 50.02 33.68
Total 1,086.11 71.50
Textual information (36): Disclosure of notes on finance cost explanatory [Text Block]

Particulars
31 March 2022 31 March 2021
Interest expenses 40.46 82.69
Bank charges 8.70 0.96
Total 49.16 83.65
114
[300600] Notes - Additional information statement of profit and loss

Textual
Additional information on profit and loss account explanatory [Text Block] Information (37)
Additional information on profit and loss account [Abstract]
Changes in inventories of finished goods, work-in-progress and stock-in-trade [Abstract]
Changes in inventories of finished goods 3.97 -23.4
Changes in inventories of work-in-progress -28.94 -11.05
Changes in inventories of stock-in-trade -390.97 -270.43
Changes in other inventories -51.14 -27.72
Total changes in inventories of finished goods, work-in-progress and stock-in-trade -467.08 -332.6
Expenditure in foreign currency [Abstract]
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 0 0
Details of dividend remitted in foreign currency [Abstract]
Amount of dividend remitted in foreign currency [Abstract]
Total amount of dividend remitted in foreign currency 0 0
Details of earnings in foreign currency [Abstract]
Total earnings in foreign currency 0 0
Textual
Nature of earnings on other income in foreign currency Information (38)
Breakup of revenue as export and domestic [Abstract]
Revenue from sale of products [Abstract]
Domestic turnover goods, gross [Abstract]
Domestic sale traded goods 54,090.85 32,622.87
Total domestic turnover goods, gross 54,090.85 32,622.87
Total revenue from sale of products (A) 54,090.85 (B) 32,622.87
Revenue from sale of services [Abstract]
Total revenue from sale of services 0 0
Gross value of transaction with related parties as per AS-18 0 0
Bad debts of related parties as per AS-18 0 0
Footnotes
(A) Revenue from operations -Finished goods : 54090.19 Traded goods : 0.66
(B) Revenue from operations -Finished goods : 32581.69 Traded goods : 41.18
Details of raw materials consumed [Table] ..(1)

Categories of raw materials consumed [Axis] Raw materials consumed 1 [Member] Raw materials consumed 2 [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Details of raw materials consumed [Abstract]
Details of raw materials consumed [Line Items]
Description of raw materials category Soyabean Oil Soyabean Oil Sugar Sugar
Total raw materials consumed 11,683.79 5,189.28 1,854.77 1,042.73

Period FY 2022 FY 2021 FY 2022 FY 2021
Tomato Paste and Tomato Paste and
Description of raw materials category whey protein whey protein Ultra Tex 4 Ultra Tex 4
Total raw materials consumed 4,525.02 2,278.28 765.38 614.07
115
Period FY 2022 FY 2021 FY 2022 FY 2021
Description of raw materials category Peanut Butter Peanut Butter Others Others
Total raw materials consumed 1,526.15 955.47 8,484.5 5,114.69
Textual information (37): Additional information on profit and loss account explanatory [Text Block]
Cost of raw material and components consumed

Particulars
31 March 2022 31 March 2021
Raw materials
Inventory at the beginning of the year 1,984.24 2,143.17
Add: Purchases 29,496.57 15,109.06
TOTAL 31,480.81 17,252.23
Less: Inventory at the end of the year 2,331.16 1,984.24
Less: Inventory written off 310.04 73.47
Cost of raw material and components consumed 28,839.61 15,194.52
Details of raw material and components consumed

Particulars
31 March 2022 31 March 2021
Soyabean Oil 11,683.79 5,189.28
Sugar 1,854.77 1,042.73
Tomato Paste and whey protein 4,525.02 2,278.28
Ultra Tex 4 765.38 614.07
Peanut Butter 1,526.15 955.47
Others 8,484.50 5,114.69
Total 28,839.61 15,194.52
Details of inventory

Particulars
31 March 2022 31 March 2021
Soyabean Oil 124.73 133.79
Sugar 69.90 108.49
Tomato Paste and whey protein 514.84 250.09
Ultra Tex 4 37.13 110.26
Others 1,584.56 1,381.61
Total 2,331.16 1,984.24
Purchase of traded goods

Particulars
31 March 2022 31 March 2021
Hand sanitizer - 51.08
Total - 51.08
(Increase) in inventories
116

Particulars
31 March 2022 31 March 2021
Inventories at the end of the year
Work-in-progress 116.55 87.61
Finished goods 1,338.33 947.36
1,474.31 1,058.37
Inventories at the beginning of the year
Traded goods 23.40 -
Work-in-progress 87.61 76.56
Finished goods 947.36 676.93
1,058.37 753.49
Less: Inventory written off (51.14) (27.72)
Net (Increase) in inventories (467.08) (332.60)
Details of finished goods

Particulars
31 March 2022 31 March 2021
Finished goods
Emulsified Sauces 683.95 434.66
Sauces & Spreads 305.77 227.14
Tomato Ketchups & Tomato Sauces 189.97 127.70
Peanut Butter 52.27 52.37
V-Nourish / Provee 5.87 1.24
Others 100.50 104.25
1,338.33 947.36
Depreciation and amortization expense

Particulars
31 March 2022 31 March 2021
Depreciation on tangible assets 698.67 580.43
Amortization of intangible assets 17.98 24.53
716.65 604.96
Other expenses

Particulars
31 March 2022 31 March 2021
Consumption of packing material 5,862.34 3,941.80
Consumption of stores and spares 317.19 193.75
Power and fuel 669.24 430.27
Freight and forwarding charges 3,182.55 1,763.66
Rent 252.34 189.15
Rates and taxes 67.41 45.27
Insurance expenses 49.42 33.39
Repairs and maintenance
117
Plant and machinery 298.40 172.79
Buildings 57.84 34.17
Others 29.41 33.79
ERP/IT expenses 83.70 42.95
Security expenses 49.14 41.75
Advertising and sales promotion 1,502.44 1,401.75
Business Development expenses 40.71 12.56
Exhibition expenses 57.51 1.54
Discount, damage and expiry claims 5,767.75 3,347.32
Travelling and conveyance 671.13 407.92
Communication expenses 94.83 68.61
Printing & stationery 19.83 17.37
Legal & professional expenses 383.14 179.30
Payment to auditor (refer Note A below) 27.03 22.14
Bad debts written off 14.08 (31st March 2021 Rs 34.06) 1.20 26.56
Less: Adjusted from provision (12.88) (31st March 2021 Rs (7.50))
Provision for doubtful debts - 29.71
Provision for doubtful advances 16.00 -
Provision for slow moving inventory 89.14 506.05
Inventory written off 126.89 (31st March 2021 Rs 105.93) 70.61 105.93
Less: Adjusted from provision (56.28) (31st March 2021 Rs Nil)
Loss on sale of property, plant and equipment (net) - 8.04
Research and development expenses 107.14 69.53
Miscellaneous expenses 234.86 86.62
Total 20,002.30 13,213.69
Payment to auditor

Particulars
31 March 2022 31 March 2021
As auditor:
Statutory Audit fee 20.50 17.50
In other capacity:
Interim review 5.50 4.50
Reimbursement of expenses 1.03 0.14
Total 27.03 22.14
Textual information (38): Nature of earnings on other income in foreign currency
Particulars At March 31, 2022 At March 31, 2021 Exports at F.O.B. Value 32.78 - 32.78 -
118
[300700] 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 directors [Axis] 1 2 3 4
Period FY 2022
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
remuneration to key managerial personnels and directors [Line
Items]
DEEPAK
JAWAHAR ISHWARDAS ASHIT RANJIT
Name of key managerial personnel or director VIRAJ BAHL ARORA SHAHDADPURI LILANI
Director identification number of key managerial personnel or
director 00058420 00101808 00444270 00766821
Permanent account number of key managerial personnel or
director AHAPB0712B ABZPA7118H BMRPS2479H AEIPL6317D
Date of birth of key managerial personnel or director 28/09/1981 25/03/1956 05/07/1969 04/09/1966
Managing
Designation of key managerial personnel or director Director Director Director Director
MBA wi t h
Distinction from
INSEAD where
he graduated on
the Dean’s List,
an LLB (Hons)
from King’s Bachelor’s degree
College London in Finance and
and a FCA from Accounting from
the Institute of Bangalore
Indus t r ial Chartered University and has
Engeenring from Accountants of a MBA degree
Singapor e England and from Philadelphia
Qualification of key managerial personnel or director polytechnic Graduate B.Sc. Wales University
Shares held by key managerial personnel or director [shares] 3,293,527 [shares] 0 [shares] 0 [shares] 0
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director
[Abstract]
Salary key managerial personnel or director 255.8
Profits in lieu of salary key managerial personnel or
director 0 0 0 0
Gross salary to key managerial personnel or director 255.8 0 0 0
Total key managerial personnel or director remuneration 255.8 0 0 0
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(2)

Key managerial personnels and directors [Axis] 5 6 7 8
Period FY 2022
remuneration to key managerial personnels and directors
[Abstract]
remuneration to key managerial personnels and directors [Line
Items]
ANOOP
Name of key managerial personnel or director RAJIV WAHI RIDHIMA BAHL AROURA ARJUN ANAND
Director identification number of key managerial personnel or
director 01417359 02845600 06663494 07639288
Permanent account number of key managerial personnel or
director ABAPW5505F ANWPB7977N AEOPA5162P AIGPA0930M
Date of birth of key managerial personnel or director 29/12/1952 12/02/1985 10/10/1967 16/12/1987
Designation of key managerial personnel or director Director Director Director Director
119
MBA from Indian

Institute of
Management,
Bachelor of Arts Calcutta and
in Economic B.Sc Mechanical
Studies from (Non-Medical) + Engineering from
University of One year Diploma Birla Institute of
Newcastle Upon Bachelor in in Canning & Technology &
Qualification of key managerial personnel or director Tyne Design Food Preservation Science.
Shares held by key managerial personnel or director [shares] 0 [shares] 0 [shares] 0 [shares] 0
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director
[Abstract]
Salary key managerial personnel or director 23.16 160.55 66.12
Profits in lieu of salary key managerial personnel or
director 0 0 0 0
Gross salary to key managerial personnel or director 23.16 160.55 66.12 0
Total key managerial personnel or director remuneration 23.16 160.55 66.12 0
120
[301000] Notes - Corporate social responsibility

Period FY 2022
Whether provisions of corporate social responsibility are applicable on company No
121
[400100] Disclosure of general information about company

Disclosure of general information about company [Abstract]
Disclosure of company information [Abstract]
VRB
CONSUMER
PRODUCTS
PRIVATE
Name of company LIMITED
U15122DL2012P
Corporate identity number TC243550
Permanent account number of entity AAECV2035K
133, Saidullajab, ,
Mehrauali
Badarpur Road, ,
Delhi , DELHI ,
Address of registered office of company INDIA - 110030
Commercial and
Type of industry Industrial
Registration date 12/10/2012
Company limited
by Shares,
Non-Govt
Category/sub-category of company Company
Whether company is listed company No
Disclosure of document information [Abstract]
Date of board meeting when final accounts were approved 13/09/2022
Period covered by financial statements 12 Months
Date of start of reporting period 01/04/2021 01/04/2020
Date of end of reporting period 31/03/2022 31/03/2021
Nature of report standalone consolidated Standalone
Financial
Content of report Statements
Description of presentation currency INR
Level of rounding used in financial statements Lakhs
Type of cash flow statement Indirect Method
Disclosure web link of company at which annual report is placed www.veeba.in
Disclosure of other general information [Abstract]
Whether company is maintaining books of account and other relevant books and papers in electronic form No
Postal address of place of maintenance of computer servers (storing accounting data) [Abstract]
Office No. 101,
1st Floor, Pegasus
One, (Inside IBIS
Hotel Complex)
Golf Course
Road, Sector -53
Gurugram,
Complete postal address of place of maintenance of computer servers (storing accounting data) Haryana-122002
Sector -53
Name of city of place of maintenance of computer servers (storing accounting data) Gurugram
Name of state/ union territory of place of maintenance of computer servers (storing accounting data) Haryana
Pin code of place of maintenance of computer servers (storing accounting data) 122002
Name of district of place of maintenance of computer servers (storing accounting data) Gurugram
ISO country code of place of maintenance of computer servers (storing accounting data) +91
Name of country of place of maintenance of computer servers (storing accounting data) India
Phone (with STD/ ISD code) of place of maintenance of computer servers (storing accounting data) 0124
Disclosure of principal product or services [Table]

Types of principal product or services [Axis] 1
Period FY 2022
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [Line Items]
Product or service category (ITC 4 digit) code 2103
122
SAUCES AND
PREPARATIONS
THEREFOR,
MIXED
CONDIMENTS
AND MIXED
SEASONINGS;
MUSTARD
FLOUR AND
MEAL AND
PREPARED
Description of product or service category MUSTARD
Turnover of product or service category 54,237.7
Highest turnover contributing product or service (ITC 8 digit) code 21039030
Sauce, Ketchup,
Dips
Description of product or service manufacturing
Turnover of highest contributing product or service 32,632.04
123
[400200] Disclosures - Auditors report

Period FY 2022
Textual
Disclosure in auditor’s report explanatory [Text Block] Information (39)
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or contains adverse remarks No
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table]

Auditor's Clause not
favourable remark applicable
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] [Member] [Member]
Period FY 2022
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 [Line Items]
Textual
Disclosure in auditors report relating to fixed assets Information (40)
The Company has
maintained proper
records showing
full particulars,
including
quantitative
details and
situation of
Property, Plant
Disclosure relating to quantitative details of fixed assets and Equipment.
b)Property, Plant
and Equipment
have been
physically verified
by the
management
during theyear and
no material
discrepancies
were identified on
Disclosure relating to physical verification and material discrepancies of fixed assets such verification.
Textual
Disclosure relating to title deeds of immovable properties Information (41)
Textual
Disclosure in auditors report relating to inventories Information (42)
Textual
Disclosure in auditors report relating to loans Information (43)
Textual
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013 Information (44)
Textual
Disclosure in auditors report relating to deposits accepted Information (45)
vi) The Central
Government has
not specified the
maintenance of
cost records under
Section 148(1) of
the Companies
Act, 2013, for the
products/services
Disclosure in auditors report relating to maintenance of cost records of the Company.
Textual
Disclosure in auditors report relating to statutory dues [Text Block] Information (46)
Textual
Disclosure relating to regularity in payment of undisputed statutory dues [Text Block] Information (47)
Textual
Disclosure relating to disputed statutory dues [Text Block] Information (48)
Textual
Disclosure in auditors report relating to default in repayment of financial dues Information (49)
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were Textual
raised Information (50)
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its Textual
employees reported during period Information (51)
124
The provisions of
section 197 read
with Schedule V
of the Act are not
applicable to the
Company for the
year ended March
Disclosure in auditors report relating to managerial remuneration 31, 2022
The Company is
not a nidhi
Company as per
the provisions of
the Companies
Act, 2013.
Therefore, the
requirement to
report on clause
3(xii)(a),(b) and
(c) of the Order is
not applicable to
Disclosure in auditors report relating to Nidhi Company the Company.
Textual
Disclosure in auditors report relating to transactions with related parties Information (52)
Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible Textual
debentures Information (53)
Textual
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him Information (54)
Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India Act, Textual
1934 Information (55)
Details regarding auditors [Table]

Auditors [Axis] 1
Period FY 2022
Details regarding auditors [Abstract]
Details regarding auditors [Line Items]
Category of auditor Auditors firm
S.R Batliboi &
Name of audit firm Co. LLP
Name of auditor signing report Anil Mehta
Firms registration number of audit firm 301003E/E300005
Membership number of auditor 095812
4th Floor, Office
405, World
Mark-2, Asset No.
8, IGI Airport
Hospitality
District, Aerocity,
New
Address of auditors Delhi-110037
Permanent account number of auditor or auditor's firm ACHFS9180N
SRN of form ADT-1 T54093265
Date of signing audit report by auditors 13/09/2022
Date of signing of balance sheet by auditors 13/09/2022
Textual information (39): Disclosure in auditor’s report explanatory [Text Block]
INDEPENDENT AUDITOR’S REPORT

To the Members of VRB Consumer Products Private Limited
(Formerly known as Veeba Food Services Private Limited)
Report on the Audit of the Financial Statements
Opinion
We have audited the accompanyingfinancial statements of VRB Consumer Products Private Limited (“the Company”), which comprise the
Balance sheet as at March 31 2022, the Statement of Profit and Loss, and the Cash Flow Statement for the year then ended, and notes to
thefinancial statements, including a summary of significant accounting policies and other explanatory information.
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, as amended (“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, 2022, its loss, its cash flows for
the year ended on that date.
125
Basis for Opinion

We conducted our audit of the financial statements in accordance with the Standards on Auditing (SAs),as specified under section 143(10) of the
Act. Our responsibilities under those Standards are further described in the ‘Auditor’s Responsibilities for the Audit of
theFinancialStatements’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 audit opinion on
the financial statements.
Other Information
The Company’s Board of Directors is responsible for the other information. The other information comprises the information included in the
Director report but does not include the financial statements and our auditor’s report thereon.
Our opinion on thefinancial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of thefinancial statements, our responsibility is to read the other information and, in doing so, consider whether such
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.
Responsibility of Management for theFinancial Statements
The Company’s 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, cash flows in accordance with the accounting
principles generally accepted in India, including the Accounting Standards (AS) specified under section 133 of the Act read with the Companies
(Accounting Standards) Rules, 2006, (as amended)read with the Companies (Account) rules, 2014.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 the 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.
In preparing thefinancial statements, management is responsible for assessing the Company’s 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 Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of theFinancial Statements
Our objectives are to obtain reasonable assurance about whether thefinancial statements as a whole are free from material misstatement,
whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance,but is
not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can
arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of thesefinancial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We
also:
Identify and assess the risks of material misstatement of the 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 management’s use of the going concern basis of accounting and, based on the audit evidence obtained,
whether a material uncertainty exists related to events
or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty
exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are
inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However,
future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of thefinancial statements, including the disclosures, and whether thefinancial
statements represent the underlying transactions and events in a manner that achieves fair presentation.
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.
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
• As required by the Companies (Auditor’s Report) Order, 2020(“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 1”a statement on the matters specified in paragraphs 3 and 4 of the Order.
• As required by Section 143(3) of the Act, we report that:
126
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;
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.
The Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statementdealt with by this Report are in agreement with the books of
account.
In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with
Companies (Accounting Standards) Rules, 2006, as amended.
On the basis of the written representations received from the directors as onMarch 31, 2022 taken on record by the Board of Directors, none of
the directors is disqualified as on March 31, 2022 from being appointed as a director in terms of Section 164 (2) of the Act;
• With respect to the adequacy of the internal financial controls with reference to these financial statements and the operating effectiveness of
such controls, refer to our separate Report in “Annexure 2” to this report:
• The provisions of section 197 read with Schedule V of the Act are not applicable to the Company for the year ended March 31, 2022
• With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014, as amended in our opinion and to the best of our information and according to the explanations given to us:
The Company doesnot have any pending litigations which would impact its financial positions.
The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.
iv. a) The management has represented that, to the best of its knowledge and belief, as disclosed in the note37 to the financial statements, no
funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the
company to or in any other persons or entities, including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or
otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever
by or on behalf of the company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;
b)The management has represented that, to the best of its knowledge and belief, as disclosed in the note37 to the financial statements, no funds
have been received by the company from any persons or entities, including foreign entities (“Funding Parties”), with the understanding, whether
recorded in writing or otherwise, that the company shall, whether, directly or indirectly, lend or invest in other persons or entities identified in any
manner whatsoever by or on behalf of the Funding Party (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the
Ultimate Beneficiaries; and
c) Based on such audit procedures that were considered reasonable and appropriate in the circumstances, nothing has come to our notice that
has caused us to believe that the representations under sub-clause (a) and (b) contain any material misstatement.
v.There is nodividend declared and paid during the year by the Company.
For S.R. Batliboi&Co. LLP
Chartered Accountants
ICAI Firm Registration Number: 301003E/E300005
per Anil Mehta
Partner
Membership Number: 095812
UDIN:22095812ASAHII7039
Place of Signature: Gurugram
Date: September 13, 2022
Annexure 1 referred to in paragraph 1 under the heading “Report on other legal and regulatory requirements” of our report of even date
Re: VRB Consumer Products Private Limited (‘the Company’)
In terms of the information and explanations sought by us and given by the company and the books of account and records examined by us in
the normal course of audit and to the best of our knowledge and belief, we state that:
i)a) A) The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and
Equipment.
B) The Company has maintained proper records showing full particulars of intangibles asset.
• Property, Plant and Equipment have been physically verified by the management during theyear and no material discrepancies were identified
on such verification.
• The title deeds of all the immovable properties (other than properties where the Company is the lessee and the lease agreements are duly
executed in favour of the lessee) are held in the name of the Company.
• The Company has not revalued its Property, Plant and Equipment (including Right of use assets) or intangible assets during the year ended
March 31, 2022
• There are no proceedings initiated or are pending against the Company for holding any benami property under the Prohibition of Benami
Property Transactions Act, 1988 and rules made thereunder
ii) a)The inventory has been physically verified by the management during the year. In our opinion
the frequency of verification by the management is reasonable and the coverage andprocedure for such verification is appropriate.The
discrepancies noticed on physical verification of inventory as compared to books records were not 10% or more in aggregate for each class of
inventory.
b) As disclosed in notes to the financial statements, the Company has been sanctioned working capital limits in excessof Rs. Five crores in
aggregate from banks during the year on the basis of security of current assets, Movable Fixed Assets and Factory Land and Building situated at
Keshwanaof the Company. Based on the records examined by us in the normal course of audit of the financial statements, the quarterly
127
returns/statements filed by the Company with such banks and financial institutions are in agreement with the books of accounts of the Company.
iii) a) During the year the Company has not provided loans, advances in the nature of loans, stood guarantee or provided security to Companies,
firms, Limited Liability Partnerships or any other parties. Accordingly, the requirement to report on clause 3(iii)(a) of the Order is not applicable to
the Company.
b) During the year the investments made and the terms and conditions of investments to Companies, firms, Limited Liability Partnerships or any
other partiesare not prejudicial to the Company's interest.
c)The Company has not granted loans and advances in the nature of loans to Companies, firms, Limited Liability Partnerships or any other
parties. Accordingly, the requirement to report on clause 3(iii)(c) of the Order is not applicable to the Company.
d) The Company has not granted loans or advances in the nature of loans to Companies, firms, Limited Liability Partnerships or any other
parties. Accordingly, the requirement to report on clause 3(iii)(d) of the Order is not applicable to the Company.
e) There were no loans or advance in the nature of loan granted to Companies, firms, Limited Liability Partnerships or any other parties.
Accordingly, the requirement to report on clause 3(iii)(e) of the Order is not applicable to the Company.
• The Company has not granted any loans or advances in the nature of loans, either repayable on demand or without specifying any terms or
period of repayment to Companies, firms, Limited Liability Partnerships or any other parties. Accordingly, the requirement to report on clause
3(iii)(f) of the Order is not applicable to the Company.
• Investments in respect of which provisions of section186 of theCompanies Act, 2013 are applicable have been complied with by the Company.
Further there are no Loans, guarantees and securities given in respect of which provisions of section 185 and 186 of the Companies Act, 2013
are applicable and hence not commented upon.
• The Company has neither accepted any deposits from the public nor accepted any amounts which are deemed to be deposits within the
meaning of sections 73 to 76 of the Companies Act and the rules made thereunder, to the extent applicable. Accordingly, the requirement to
report on clause 3(v) of the Order is not applicable to the Company.
• The Central Government has not specified the maintenance of cost records under Section 148(1) of the Companies Act, 2013, for the
products/services of the Company.
• a)The Company is regular in depositing with appropriate authorities undisputed statutory dues including goods and services tax, provident fund,
employees’ state insurance, income-tax, sales-tax, service tax, duty of customs, GST, cess and other statutory dues applicable to it. According to
the information and explanations given to us and based on audit procedures performed by us, no undisputed amounts payable in respect of
these statutory dues were outstanding, at the year end, for a period of more than six months from the date they became payable.
b) There are no dues of goods and services tax, provident fund, employees’ state insurance, income tax, sales-tax, service tax, customs duty,
GST, cess, and other statutory dues which have not been deposited on account of any dispute.
• The Company has not surrendered or disclosed any transaction, previously unrecorded in the books of account, in the tax assessments under
the Income Tax Act, 1961 as income during the year. Accordingly, the requirement to report on clause 3(viii) of the Order is not applicable to the
Company.
The Company has not defaulted in repayment of loans or other borrowings or in the payment of interest thereon to any lender.
b) The Company has not been declared willful defaulter by any bank or financial institution or government or any government authority.
c)The Company did not have anyterm loans outstanding during the year hence, the requirement to report on clause (ix)(c) of the Order is not
applicable to the Company.
d)On an overall examination of the financial statements of the Company, no funds raised on short-term basis have been used for long-term
purposes by the Company.
e) The Company does not have any subsidiary, associate or joint venture. Accordingly, the requirement to report on clause 3(ix)(e) of the Order
is not applicable to the Company.
f) Company does not have any subsidiary, associate or joint venture. Accordingly, the requirement to report on Clause 3(ix)(f) of the Order is not
applicable to the Company.
• a)The Company has not raised any money during the year by way of initial public offer / further public offer (including debt instruments) hence,
the requirement to report on clause 3(x)(a) of the Order is not applicable to the Company.
b)The Company has not made any preferential allotment or private placement of shares /fully or partially or optionally convertible debentures
during the year under audit and hence, the requirement to report on clause 3(x)(b) of the Order is not applicable to the Company.
xi) a)No fraud/ material fraud by the Company or no fraud / material fraud on the Company hasbeen noticed or reported during the year.
b)During the year, no report under sub-section (12) of section 143 of the Companies Act, 2013 has been filed by us in Form ADT – 4 as
prescribed under Rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government.
c) There are no whistle blower complaints received by the Company during the year.
xii) The Company is not a nidhi Company as per the provisions of the Companies Act, 2013. Therefore, the requirement to report on clause
3(xii)(a),(b) and (c) of the Order is not applicable to the Company.
xiii)Transactions with the related parties are in compliance with sections 188 of Companies Act, 2013 where applicable and the details have been
disclosed in the notes to the financial statements, as required by the applicable accounting standards. The provisions of section 177 are not
applicable to the Company and accordingly the requirements to report under clause 3(xiii) of the Order insofar as it relates to section 177 of the
Act is not applicable to the Company.
xiv) a)The Company has an internal audit system commensurate with the size and nature of its business.
b) The internal audit reports of the Company issued till the date of the audit report, for the period under audit have been considered by us.
xv) The Company has not entered into any non-cash transactions with its directors or persons connected with its directors and hence
requirement to report on clause 3(xv) of the Order is not applicable to the Company.
xvi) a) The provisions of section 45-IA of the Reserve Bank of India Act, 1934 (2 of 1934) are not applicable to the Company. Accordingly, the
requirement to report on clause (xvi)(a) of the Order is not applicable to the Company.
128
b) The Company is not engaged in any Non-Banking Financial or Housing Finance activities. Accordingly, the requirement to report on clause
(xvi)(b) of the Order is not applicable to the Company.
c) The Company is not a Core Investment Company as defined in the regulations made by Reserve Bank of India. Accordingly, the requirement
to report on clause 3(xvi) of the Order is not applicable to the Company.
d)There are no other Companies part of the Group, hence, the requirement to report on clause 3(xvi)(d) of the Order is not applicable to the
Company
xvii)The Company hasincurred cash losses in the current financial year.
xviii) There has been no resignation of the statutory auditors during the year and accordingly requirement to report on Clause 3(xviii) of the Order
is not applicable to the Company.
xix) On the basis of the financial ratios disclosed in note 36 to the financial statements, ageing and expected dates of realization of financial
assets and payment of financial liabilities, other information accompanying the financial statements, our knowledge of the Board of Directors and
management plans and based on our examination of the evidence supporting the assumptions, nothing has come to our attention, which causes
us to believe that any material uncertainty exists as on the date of the audit report that Company is not capable of meeting its liabilities existing at
the date of balance sheet as and when they fall due within a period of one year from the balance sheet date. We, however, state that this is not
an assurance as to the future viability of the Company. We further state that our reporting is based on the facts up to the date of the audit report
and we neither give any guarantee nor any assurance that all liabilities falling due within a period of one year from the balance sheet date, will get
discharged by the Company as and when they fall due.
xx) a) The provisions of Section 135 to the Companies Act, 2013 in relation to Corporate Social Responsibility is not applicable to the Company.
Accordingly, the requirement to report on clause 3(xx)(a) of the Order is not applicable to the Company.
b)The provisions of Section 135 to the Companies Act, 2013 in relation to Corporate Social Responsibility is not applicable to the Company.
Accordingly, the requirement to report on clause 3(xx)(b) of the Order is not applicable to the Company.
For S.R. Batliboi & CO. LLP
per Anil Mehta
Partner
UDIN: 22095812ASAHII7039
Place of Signature:
ANNEXURE 2 TO THE INDEPENDENT AUDITOR’S REPORT OF EVEN DATE ON THE FINANCIAL STATEMENTS OFVRB CONSUMER
PRODUCTS PRIVATE LIMTED (FORMERLY KNOWN AS VEEBA FOOD SERVICES PRIVATE LIMITED)
Report on the Internal Financial Controlsunder Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)
We have audited the internal financial controls with reference tofinancial statements of VRB Consumer Products Private limited (“the Company”)
as of March 31, 2022in conjunction with our audit of the financial statements of the Company for the year ended on that date.
Management’s Responsibility for Internal Financial Controls
The Company’s 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 the Company’s 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 theCompanies Act, 2013.
Auditor’s Responsibility
Our responsibility is to express an opinion on the Company's internal financial controls with reference to thesefinancial 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, as specified under section 143(10) of the Act, to the extent applicable to an audit of internal
financial controls, both issued by 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 thesefinancial statements
was established and maintained and if such controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls with reference to
thesefinancial statements and their operating effectiveness. Our audit of internal financial controls with reference tofinancial statements included
obtaining an understanding of internal financial controls with reference to these 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 auditor’s judgement, including the assessment of the risks of material misstatement of the 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 these financial statements.
Meaning of Internal Financial Controls WithReference to theseFinancial Statements
A company's internal financial controlswith reference tofinancial 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 controlswith 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
129
the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in
accordance with 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 company's assets that could have a material effect on the financial
statements.
Inherent Limitations of Internal Financial Controls With Reference to Financial Statements
Because of the inherent limitations of internal financial controls with reference tofinancial 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 tofinancial statements to future periods are subject to the risk that the internal financial
control with reference tofinancial 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, adequate internal financial controls with reference to financial statements and such
internal financial controls with reference tofinancial statements were operating effectively as at March 31, 2022, 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
issued by the ICAI.
For S.R. Batliboi & CO. LLP
per Anil Mehta
Partner
Place: Gurugram
UDIN NO: 22095812ASAHII7039
Textual information (40): Disclosure in auditors report relating to fixed assets
a) A) The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and
Equipment. B) The Company has maintained proper records showing full particulars of intangibles assets b) Property, Plant and Equipment have
been physically verified by the management during theyear and no material discrepancies were identified on such verification. c) The title deeds
of all the immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of
the lessee) are held in the name of the Company. d) The Company has not revalued its Property, Plant and Equipment (including Right of use
assets) or intangible assets during the year ended March 31, 2022 e) There are no proceedings initiated or are pending against the Company for
holding any benami property under the Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder.
Textual information (41): Disclosure relating to title deeds of immovable properties
c)The title deeds of all the immovable properties (other than properties where the Company is the lessee and the lease agreements are duly
executed in favour of the lessee) are held in the name of the Company.
Textual information (42): Disclosure in auditors report relating to inventories
The inventory has been physically verified by the management during the year. In our opinion the frequency of verification by the management is
reasonable and the coverage andprocedure for such verification is appropriate.The discrepancies noticed on physical verification of inventory as
compared to books records were not 10% or more in aggregate for each class of inventory.
Textual information (43): Disclosure in auditors report relating to loans
a) During the year the Company has not provided loans, advances in the nature of loans, stood guarantee or provided security to Companies,
firms, Limited Liability Partnerships or any other parties. Accordingly, the requirement to report on clause 3(iii)(a) of the Order is not applicable to
the Company. b) During the year the investments made and the terms and conditions of investments to Companies, firms, Limited Liability
Partnerships or any other partiesare not prejudicial to the Company's interest. c)The Company has not granted loans and advances in the nature
of loans to Companies, firms, Limited Liability Partnerships or any other parties. Accordingly, the requirement to report on clause 3(iii)(c) of the
Order is not applicable to the Company. d) The Company has not granted loans or advances in the nature of loans to Companies, firms, Limited
Liability Partnerships or any other parties. Accordingly, the requirement to report on clause 3(iii)(d) of the Order is not applicable to the Company.
e) There were no loans or advance in the nature of loan granted to Companies, firms, Limited Liability Partnerships or any other parties.
Accordingly, the requirement to report on clause 3(iii)(e) of the Order is not applicable to the Company. f) The Company has not granted any
loans or advances in the nature of loans, either repayable on demand or without specifying any terms or period of repayment to Companies,
firms, Limited Liability Partnerships or any other parties. Accordingly, the requirement to report on clause 3(iii)(f) of the Order is not applicable to
the Company.
130
Textual information (44): Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies
Act, 2013
iv) Investments in respect of which provisions of section186 of theCompanies Act, 2013 are applicable have been complied with by the
Company. Further there are no Loans, guarantees and securities given in respect of which provisions of section 185 and 186 of the Companies
Act, 2013 are applicable and hence not commented upon.
Textual information (45): Disclosure in auditors report relating to deposits accepted
v) The Company has neither accepted any deposits from the public nor accepted any amounts which are deemed to be deposits within the
meaning of sections 73 to 76 of the Companies Act and the rules made thereunder, to the extent applicable. Accordingly, the requirement to
report on clause 3(v) of the Order is not applicable to the Company.
Textual information (46): Disclosure in auditors report relating to statutory dues [Text Block]
vii) a)The Company is regular in depositing with appropriate authorities undisputed statutory dues including goods and services tax, provident
fund, employees’ state insurance, income-tax, sales-tax, service tax, duty of customs, GST, cess and other statutory dues applicable to it.
According to the information and explanations given to us and based on audit procedures performed by us, no undisputed amounts payable in
respect of these statutory dues were outstanding, at the year end, for a period of more than six months from the date they became payable. b)
There are no dues of goods and services tax, provident fund, employees’ state insurance, income tax, sales-tax, service tax, customs duty, GST,
cess, and other statutory dues which have not been deposited on account of any dispute.
Textual information (47): Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]
The Company is regular in depositing with appropriate authorities undisputed statutory dues including goods and services tax, provident fund,
employees’ state insurance, income-tax, sales-tax, service tax, duty of customs, GST, cess and other statutory dues applicable to it.
Textual information (48): Disclosure relating to disputed statutory dues [Text Block]
According to the information and explanations given to us and based on audit procedures performed by us, no undisputed amounts payable in
respect of these statutory dues were outstanding, at the year end, for a period of more than six months from the date they became payable.
There are no dues of goods and services tax, provident fund, employees’ state insurance, income tax, sales-tax, service tax, customs duty, GST,
cess, and other statutory dues which have not been deposited on account of any dispute
Textual information (49): Disclosure in auditors report relating to default in repayment of financial dues
viii) The Company has not surrendered or disclosed any transaction, previously unrecorded in the books of account, in the tax assessments
under the Income Tax Act, 1961 as income during the year. Accordingly, the requirement to report on clause 3(viii) of the Order is not applicable
to the Company. a) The Company has not defaulted in repayment of loans or other borrowings or in the payment of interest thereon to any
lender. b) The Company has not been declared willful defaulter by any bank or financial institution or government or any government authority. c)
The Company did not have any term loans outstanding during the year hence, the requirement to report on clause (ix)(c) of the Order is not
applicable to the Company. d) On an overall examination of the financial statements of the Company, no funds raised on short-term basis have
been used for long-term purposes by the Company. e) The Company does not have any subsidiary, associate or joint venture. Accordingly, the
requirement to report on clause 3(ix)(e) of the Order is not applicable to the Company. f) Company does not have any subsidiary, associate or
joint venture. Accordingly, the requirement to report on Clause 3(ix)(f) of the Order is not applicable to the Company.
Textual information (50): Disclosure in auditors report relating to public offer and term loans used for purpose for
which those were raised
The Company has not raised any money during the year by way of initial public offer / further public offer (including debt instruments) hence, the
requirement to report on clause 3(x)(a) of the Order is not applicable to the Company. The Company did not have anyterm loans outstanding
during the year hence, the requirement to report on clause (ix)(c) of the Order is not applicable to the Company.
Textual information (51): Disclosure in auditors report relating to fraud by the company or on the company by its
officers or its employees reported during period
a) No fraud/ material fraud by the Company or no fraud / material fraud on the Company hasbeen noticed or reported during the year. b)During
the year, no report under sub-section (12) of section 143 of the Companies Act, 2013 has been filed by us in Form ADT – 4 as prescribed under
Rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government. c) There are no whistle blower complaints received by the
Company during the year.
131
Textual information (52): Disclosure in auditors report relating to transactions with related parties
Transactions with the related parties are in compliance with sections 188 of Companies Act, 2013 where applicable and the details have been
disclosed in the notes to the financial statements, as required by the applicable accounting standards. The provisions of section 177 are not
applicable to the Company and accordingly the requirements to report under clause 3(xiii) of the Order insofar as it relates to section 177 of the
Act is not applicable to the Company.
Textual information (53): 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 /fully or partially or optionally convertible debentures
during the year under audit and hence, the requirement to report on clause 3(x)(b) of the Order is not applicable to the Company.
Textual information (54): Disclosure in auditors report relating to non-cash transactions with directors or persons
connected with him
The Company has not entered into any non-cash transactions with its directors or persons connected with its directors and hence requirement to
report on clause 3(xv) of the Order is not applicable to the Company.
Textual information (55): Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of
India Act, 1934
a) The provisions of section 45-IA of the Reserve Bank of India Act, 1934 (2 of 1934) are not applicable to the Company. Accordingly, the
requirement to report on clause (xvi)(a) of the Order is not applicable to the Company. b) The Company is not engaged in any Non-Banking
Financial or Housing Finance activities. Accordingly, the requirement to report on clause (xvi)(b) of the Order is not applicable to the Company. c)
The Company is not a Core Investment Company as defined in the regulations made by Reserve Bank of India. Accordingly, the requirement to
report on clause 3(xvi) of the Order is not applicable to the Company. d)There are no other Companies part of the Group, hence, the requirement
to report on clause 3(xvi)(d) of the Order is not applicable to the Company
132
[400300] Disclosures - Signatories of financial statements

Period FY 2022
Details of signatories of financial statements [Abstract]
Details of company secretary signing financial statements [Abstract]
Name of company secretary Deepali Jain
Permanent account number of company secretary AQLPJ2373C
Date of signing of financial statements by company secretary 13/09/2022
Details of directors signing financial statements [Table]

Directors signing financial statements [Axis] 1 2
Period FY 2022
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [Line Items]
Name of director signing financial statements [Abstract]
First name of director Viraj Ridhima
Last name of director Bahl Bahl
Managing
Designation of director Director Director
Director identification number of director 00058420 02845600
Date of signing of financial statements by director 13/09/2022 13/09/2022
133
[400400] Disclosures - Directors report

Period FY 2022
Textual
Disclosure in board of directors report explanatory [Text Block] Information (56)
Textual
Description of state of companies affair Information (57)
The company has
not transferred
any amount to its
reserves in the
financial year
Disclosure relating to amounts if any which is proposed to carry to any reserves under review
In the absence of
profits, your
Board of
Director’s do not
propose to declare
any dividend for
the financial year
Disclosures relating to amount recommended to be paid as dividend 2021-22.
Textual
Details regarding energy conservation Information (58)
Textual
Details regarding technology absorption Information (59)
Textual
Details regarding foreign exchange earnings and outgo Information (60)
Textual
Disclosures in director’s responsibility statement Information (61)
Textual
Details of material changes and commitment occurred during period affecting financial position of company Information (62)
Textual
Particulars of loans guarantee investment under section 186 [Text Block] Information (63)
Textual
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block] Information (64)
Date of board of directors' meeting in which board's report referred to under section 134 was approved 13/09/2022
Textual
Disclosure of extract of annual return as provided under section 92(3) [Text Block] Information (65)
Textual
Details of shareholding pattern of directors and key managerial personnel [Text Block] Information (66)
Textual
Disclosure of statement on declaration given by independent directors under section 149(6) [Text Block] Information (67)
Disclosure for companies covered under section 178(1) on directors appointment and remuneration including other matters Textual
provided under section 178(3) [Text Block] Information (68)
Textual
Disclosure of statement on development and implementation of risk management policy [Text Block] Information (69)
Details on policy development and implementation by company on corporate social responsibility initiatives taken during year Textual
[Text Block] Information (70)
Textual
Disclosure of financial summary or highlights [Text Block] Information (71)
Textual
Disclosure of change in nature of business [Text Block] Information (72)
Textual
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block] Information (73)
Disclosure of companies which have become or ceased to be its subsidiaries, joint ventures or associate companies during year Textual
[Text Block] Information (74)
Textual
Details relating to deposits covered under chapter v of companies act [Text Block] Information (75)
Textual
Details of deposits which are not in compliance with requirements of chapter v of act [Text Block] Information (76)
Details of significant and material orders passed by regulators or courts or tribunals impacting going concern status and Textual
company’s operations in future [Text Block] Information (77)
Textual
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block] Information (78)
Textual
Disclosure of contents of corporate social responsibility policy [Text Block] Information (79)
Textual
Disclosure of appointment and remuneration of managerial personnels [Text Block] Information (80)
Textual
Disclosure regarding issue of sweat equity shares [Text Block] Information (81)
134
Number of meetings of board [pure] 15
Details of contracts/arrangements/transactions not at arm's length basis [Table]

Contracts/arrangements/transactions not at arm's length basis [Axis] 1
Period FY 2022
Details of contracts/arrangements/transactions not at arm's length basis [Abstract]
Details of contracts/arrangements/transactions not at arm's length basis [Line Items]
Name of related party Viraj Bahl
Key managerial
personnel or his
Nature of related party relationship relative
Assignment of
trademarks from
Mr. Viraj Bahl to
VRB Consumer
Products Private
Description of nature of contracts/arrangements/transactions with related party Limited
Duration of contracts/arrangements/transactions with related party NA
Dates of approval of contracts/arrangements/transactions with related party by board 26/04/2021
Amount paid as advances if any for contracts/arrangements/transactions with related party 0
Details of principal business activities contributing 10% or more of total turnover of company [Table]
Product/service 1
Principal business activities of company [Axis] [Member]
Period FY 2022
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 [Line Items]
Sauce, Ketchup,
Dips
Name of main product/service manufacturing
SAUCES AND
PREPARATIONS
THEREFOR, M I
XED
CONDIMENTS
AND MIXED
SEASONINGS;
MUSTARD
FLOUR AND
MEAL AND
PREPARED
Description of main product/service MUSTARD
NIC code of product/service 15135
Percentage to total turnover of company 99.73%
Details of shareholding pattern [Table] ..(1)

Shareholding pattern [Axis] Shareholders [Member]
Details of shareholding pattern [Abstract]
Details of shareholding pattern [Line Items]
Number of demat shares held at end of period [shares] 1,047,499 [shares] 1,047,499 [shares] 0
Number of physical shares held end of period [shares] 7,894,468 [shares] 7,894,468 [shares] 0
Total number of shares held at end of period [shares] 8,941,967 [shares] 8,941,967 [shares] 0
Percentage of total shares held at end of period 100% 100%
Percentage of change in shares held during year -6.11%

Shareholding pattern [Axis] Promoters [Member] Indian [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Number of physical shares held end of period [shares] 3,293,527 [shares] 3,507,695 [shares] 3,293,527 [shares] 3,507,695
Total number of shares held at end of period [shares] 3,293,527 [shares] 3,507,695 [shares] 3,293,527 [shares] 3,507,695
Percentage of total shares held at end of period 36.83% 39.23% 36.83% 39.23%
135
Percentage of change in shares held during year -6.11% -6.11%

Shareholding pattern [Axis] Individual/HUF [Member] Public shareholding [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Number of demat shares held at end of period [shares] 1,047,499 [shares] 1,047,499

Shareholding pattern [Axis] Non institutions [Member] Non institutions corporate bodies [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Number of demat shares held at end of period [shares] 1,047,499 [shares] 1,047,499 [shares] 1,047,499 [shares] 879,774

Other
Indian corporate non-institutions
Shareholding pattern [Axis] bodies [Member] Overseas corporate bodies [Member] [Member]
Number of demat shares held at end of period [shares] 1,047,499 [shares] 879,774 [shares] 167,725
Number of physical shares held end of period [shares] 110,398 [shares] 4,600,941 [shares] 4,276,375
Total number of shares held at end of period [shares] 110,398 [shares] 5,648,440 [shares] 5,156,149 [shares] 167,725
Details of shareholding of promoters [Table]

Promoters [Axis] 1
Details of shareholding of promoters [Abstract]
Details of shareholding of promoters [Line Items]
(A) Mr. Viraj
Shareholder’s name Bahl
Total number of shares held at end of period [shares] 3,293,527 [shares] 3,507,695
Percentage of total shares held at end of period 47.28% 50.35%
Footnotes
(A) Total shareholding of Mr. Viraj Bahl in the Company at the begning of FY is 39.23% and at the end of the FY is 36.83%.
Details of change in promoters’ shareholding [Table] ..(1)

Promoters [Axis]
Change in shareholding [Axis] Shareholding [Member]
Details of change in promoters’ shareholding [Abstract]
Details of change in promoters’ shareholding [Line Items]
136
Details of change in promoters’ shareholding [Table] ..(2)

Promoters [Axis] 1
Shareholding at beginning of year
Change in shareholding [Axis] Shareholding [Member] [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Details of change in promoters’ shareholding [Abstract]
Details of change in promoters’ shareholding [Line Items]
Name of promoter (A) Viraj Bahl
Increase decrease in shareholding during year [shares] -214,000
Percentage increase decrease in shareholding during year -6.11%
Footnotes
(A) Total shareholding of Mr. Viraj Bahl in the Company at the begning of FY is 39.23% and at the end of the FY is 36.83%.
Details of shareholding pattern of top 10 shareholders [Table]

Name of top 10 shareholder [Axis] Name of top 10 shareholder [Member]
Details of shareholding pattern of top 10 shareholders [Abstract]
Details of shareholding pattern of top 10 shareholders [Line Items]
Details of shareholding pattern of directors and key managerial personnel [Table]

Directors and key managerial personnel [Axis]
Details of shareholding pattern of directors and key managerial personnel [Abstract]
Details of shareholding pattern of directors and key managerial personnel [Line Items]
Details of indebtedness of company [Table]

Indebtedness [Axis] Indebtedness [Member] Secured loans excluding deposits [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Details of indebtedness of company [Abstract]
Details of indebtedness of company [Line Items]
Changes in indebtedness [Abstract]
Reduction in indebtedness 665.26 (A) 665.26
Total changes in indebtedness -665.26 -665.26
Principal amount at end of financial year 1,018.95 1,684.21 1,018.95 (B) 1,684.21
Total indebtedness at end of financial year 1,018.95 1,684.21 (C) 1,018.95 1,684.21
Footnotes
(A) Cash Credit from bank (secured)* : 648.42 Short term loan : 16.84
(B) Cash Credit from bank (Secured) : 1349.21 Short term loan : 335
(C) Cash Credit from bank (secured)* : 700.79 Short term loan : 318.16
Details of directors signing board report [Table]

Directors signing board report [Axis] 1 2
Period FY 2022
Details of signatories of board report [Abstract]
Details of directors signing board report [Line Items]
Name of director signing board report [Abstract]
First name of director Viraj Ridhima
137
Last name of director Bahl Bahl

Managing
Designation of director Director Director
Director identification number of director 00058420 02845600
Date of signing board report 13/09/2022 13/09/2022
Textual information (56): Disclosure in board of directors report explanatory [Text Block]
DIRECTORS REPORT
To,
The Members
VRB Consumer Products Private Limited
(Erstwhile Veeba Food Services Private Limited)
Regd. Office: 133, Saidullajab
M.B Road, New Delhi-110030
Your Directors take pleasure in presenting the 10th Annual Report on Companys Business Operations along with the Audited Statement of
Accounts for the Financial Year ended March 31, 2022.
1. FINANCIAL SUMMARY
Your Companys financial performance for the year under review has been encouraging. Key aspects of Financial Performance of VRB
Consumer Products Private Limited for the current financial year 2021-22 along with the previous financial year 2020-21 are tabulated below:
(All amounts are in lakhs unless otherwise stated)
138
Particulars
Year ended
31st March 2022
Year ended
31st March 2021
[A] Revenue From operations (Gross)
54,237.70
32,710.86
[B] Other Income
1,086.11
71.50
[C] Total Revenue [A+B]
55,323.81
32,782.36
[D] Total Expenses
57,382.13
34,128.43
[E] Profit or Loss before Tax [C-D]
(2058.32)
(1,346.07)
[F] Tax Expense
NIL
NIL
[G] Profit or Loss After Tax [E-F]
(2058.32)
(1,346.07)
[H] Earning Per Equity Share:
Basic
(29.55)
(19.32)
Diluted
(29.55)
(19.32)
2. COVID19 & ITS IMPACT
The financial year 2021-22 was expected to be a year of recovery on the back of normalized resumption of economic activity and improved mobility, post the first COVID-19 wave.
On the contrary, the year commenced with the onset of a more virulent second wave, resulting in a record number of infections and high mortality rate. The country witnessed partial lockdowns across different states, as opposed to complete lockdowns during the first wave. With improved vaccination efforts, the economy bounced back faster than anticipated. However, the recovery momentum was once more disrupted due to the emergence of the Omicron variant towards the end of Q3, which fortunately, lasted only for a
brief period.
With the easing of COVID-19 protocols, consumer confidence and household optimism are also on an uptrend. The Company believe in the long-term prospects of food service industry and is confident to emerge stronger from the crisis.
3. STATE OF AFFAIRS AND REVIEW OF BUSINESS OPERATIONS
We are very proud of the fact that with our large distribution network we offer world class products to household customers through retailers as well as a large variety of products to restaurants, bakeries, caterers, canteens etc. across the length and the breadth of the country enabling them to provide their consumers best quality food products.
In financial year 2021-22, your company launched various products in the market under the brand name PROVEE and Earthmade Organix.
During the year 2021-22, Company has earned a revenue of Rs. 54,237.70 Lakhs from its continuing operations. (P.Y Rs. 32,710.86 Lakhs).
4. DIVIDEND
In the absence of profits, your Board of Directors do not propose to declare any dividend for the financial year 2021-22.
5. RESERVES
The company has not transferred any amount to its reserves in the financial year under review.
6. CHANGE IN THE NATURE OF BUSINESS, IF ANY
There is no change in the nature of business of the Company during the financial year 2021-22.
7. MATERIAL CHANGES AND COMMITMENTS, IF ANY, 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.
No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which this financial statements relates and till the date of this report.
However, the name of the company has been changed from Veeba Food Services Private Limited to VRB Consumer Products Private Limited. w.e.f. 17th June, 2022. The name VRB Consumer Products Private Limited would give better representation to various products of the company which sold under different brands in the market.
8. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO
Information in accordance with the provision of Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 regarding conservation of energy technology absorption and foreign exchange earnings and outgo is as under:
a) Conservation of energy
(i)
the steps taken or impact on conservation of energy
In line with the companys commitment towards conservation of energy, there is continued efforts aimed at improving energy efficiency through improved operational and management practices.
(ii)
the steps taken by the company for utilizing alternate sources of energy
The Company recognizes the reality of climate change and its impact and is evaluating the cost-benefits of using renewable sources of energy.
(iii)
the capital investment on energy conservation equipments
Nil
(b) Technology absorption
(i)
the efforts made towards technology absorption
The Company has continuously evolved and deployed the most modern management techniques in material handling, storage and processing of materials with adequate quality control which have kept the costs and wastes at the minimum and below applicable norms.
(ii)
the benefits derived like product improvement, cost reduction, product development or import substitution
NIL
(iii)
in case of imported technology (imported during the last three years reckoned from the beginning of the financial year)-
NIL
(a) the details of technology imported
(b) the year of import;
(c) whether the technology been fully absorbed
(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof
(iv)
the expenditure incurred on Research and Development
Rs. 107.14 Lakhs (P.Y Rs. 69.53 Lakhs)
c) Foreign Exchange Earnings/Outgo:
Particulars
Year Ended 31st March, 2022
Year Ended 31st March, 2021
Foreign exchange earned in terms of actual inflows
Rs. 32.78 Lakhs
NIL
Foreign exchange outgo in terms of actual outflows
Rs. 5.30 Lakhs
Rs. 5.00 Lakhs
9. RISK MANAGEMENT
The Company has a well-defined risk management framework in place to ensure appropriate identification, measurement, mitigation and monitoring of business risks and challenges across the Company.
The Company promotes strong ethical values and high levels of integrity in all its activities, which in itself is a significant risk mitigator. With the growth strategy in place, risk management holds the key to the success of the Companys journey of continued competitive sustainability in attaining the desired business objectives.
10. DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITY INITIATIVES
Statutory provisions of Corporate Social Responsibility under Section 135 of the Companies Act, 2013 are not applicable to the company.
We strongly believe that sustained growth of business is growth of people around our operation and protection of environment where we operate. We understand wellbeing of the community around our business which helps in growth of business and hence we value people around our operational locations and promote inclusive growth.
11. PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE, GUARANTEES GIVEN OR SECURITY PROVIDED BY THE COMPANY:
There were no loans, guarantees or security provided by the Company under Section 186 of the Companies Act, 2013 during the year under review.
The Company has disclosed the detail of invesments made during the financial year 2021-22 in Note No. 12 of the Financial Statements.
12. SECURITIES INCLUDING SHARES, WARRANTS, ESOP ETC.
The paid-up Share Capital as on March 31, 2022 was Rs. 894.1967 Lakhs.
There has been no change in the authorized, subscribed and paid-up share capital of the Company during the financial year.
Further,
1. In terms of the power conferred by Clause N of Veeba Employee Stock Option Plan-IV (VESOP IV) and in the interest of the company, the Board of Directors in its meeting held on April 26, 2021 had cancelled the Veeba Employee Stock Option Plan IV (VESOP IV) for 15,000 stock options w.e.f April 26, 2021, under which no stock option had been granted to any employee of the company.
2. The Board of Directors in its meeting held on September 15, 2021 had accorded to grant 5,000 stock options to the following employee, in the manner as specified in Veeba Employee Stock Option Plan II (VESOP II):
S.No
Name & Designation of Employee
3 No. of Stock Options Allotted

Date of Grant of Options
1.
Mr. Rahul Chadha,
CFO
5000
September 15, 2021
3. Pursuant to the provisions of Section 23, 42, 62(1)(c) of the Companies Act, 2013 and the rules made thereunder and approval of the shareholders accorded in the Extra Ordinary General Meeting held on November 9, 2021 and January 14, 2022, the company had made an allotment of 3,53,868 (Three Lakh Fifty-Three Thousand Eight Hundred Sixty-Eight) Warrants to Mr. Viraj Bahl, Promoter of the company, for a total consideration of Rs. 3.54 Lakhs.
4. During the year under review, the Board of Directors had approved the following transfers of shares:
A) Transfer of 1,27,777 Equity Shares and 39,948 Compulsory Convertible Preference Shares (CCPS) from Sixth Sense India Opportunities-1 (Seller/Transferor) to Verlinvest Asia Pte. Ltd. (Purchaser/Transferee).
B) Transfer of 2,14,168 Equity Shares from Mr. Viraj Bahl (Seller/Transferor) to DSGCP Picasso, DSGCP Buildout II and Saama Capital Opportunities PCC Cell 3 (Purchasers/Transferees).
C) Transfer of 41,399 Equity Shares and 68,999 Compulsory Convertible Preference Shares (CCPS) from Yukti Securities Private Limited (Seller/Transferor) to DSGCP Picasso, DSGCP Buildout II and Saama Capital Opportunities PCC Cell 3 (Purchasers/Transferees).
D) Transfer of 57,171 Equity Shares and 27,480 Compulsory Convertible Preference Shares (CCPS) from Swip Holdings Limited (Seller/Transferor) to DSGCP Picasso, DSGCP Buildout II and Saama Capital Opportunities PCC Cell 3 (Purchasers/Transferees).
Further, necessary details relating to Veeba Employee Stock Option Plan I (VESOP I), Veeba Employee Stock Option Plan II (VESOP II), Veeba Employee Stock Option Plan III (VESOP III), Veeba Employee Stock Option Plan IV (VESOP IV) and Veeba Employee Stock Option Plan V (VESOP V) are annexed herewith as Annexure A and forms part of this report.
13. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES
All related party transactions entered into by the Company during the year under review were at arms length basis and in the ordinary course of business, hence not covered under the provisions of the Section 188 of Companies Act, 2013 and the necessary disclosures required to be made as per AS-18 have been duly made by the Company and are annexed to the financial statements of the Company.
There was only one related party transaction held during the year under review between company and Mr. Viraj Bahl (Managing Director) for assignment of trademarks. Accordingly, the disclosure required u/s 134(3) (h) of the Act in Form AOC-2 is annexed herewith as Annexure B.
14. AUDITORS AND AUDITORS REPORT
Statutory Auditors
Members of the company at the 9th AGM held on September 30, 2021 approved the re-appointmemt of S.R Batliboi & Co. LLP, Chartered Accountants (S.R. Batliboi) as the statutory auditor of the company for an another period of 5 years commencing from the conclusion of the 9th AGM held on September 30, 2021 until the conclusion of 14th AGM of the Company to be held in the year 2026.
The Auditors Report read together with Annexure referred to in the Auditors Report for the financial year ended March 31, 2022 does not contain any qualification, reservation, adverse remark or disclaimer. During the year under review, the Statutory Auditor has not reported any matter of fraud under Section 143(12) of the Act, therefore no disclosure is required under Section 134(3)(ca) of the Act.
Internal Auditors
At the Board Meeting held on 26th April, 2021, N.D Kapur & Co., Chartered Accountant (FRN: 001196N), were appointed as the Internal Auditors of the Company for FY 2021-22.
The provisions relating to mantainence of Cost Records, Cost Audit and Secretarial Auditare presently not applicable to the company.
15. COMPANYS POLICY RELATING TO DIRECTORS APPOINTMENT, PAYMENT OF REMUNERATION AND DISCHARGE OF THEIR DUTIES:
The provisions of Section 178(1) of Companies Act, 2013 relating to constitution of Nomination and Remuneration Committee are not applicable to the Company.
16. ANNUAL RETURN
As per Section 134(3)(a) of the Companies Act, 2013, the Annual Return referred to in Section 92(3) of Companies Act, 2013 for the financial year ended on March 31, 2022 is available on the website of the Company under the tab Corporate Information. [Website www.veeba.in ]
17. NUMBER OF BOARD MEETINGS CONDUCTED DURING THE YEAR
During the year ended March 31, 2022, 15 Board Meetings were conducted
Board Meetings
26.04.2021
27.05.2021
05.08.2021
12.08.2021
20.08.2021
25.08.2021
07.09.2021
15.09.2021
07.10.2021
21.10.2021
01.11.2021
09.11.2021
17.12.2021
14.01.2022
18.02.2022
18. DIRECTORS RESPONSIBILITY STATEMENT
In accordance with the provisions of Section 134(5) of the Companies Act, 2013 the Board hereby submit its responsibility Statement:
i). That in preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures.
ii). That the Directors have selected and applied consistently such accounting policies, 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/loss of the Company for that period.
iii). That the Directors have 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.
iv). That the Directors have prepared the annual accounts on a going concern basis.
v). That the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.
19. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES
The Company does not have any Subsidiary, Joint Venture or Associate Company during the year under review.
20. CHANGES IN THE CONSTITUTION OF BOARD OF DIRECTORS
There is no change in the constitution of Board of Directors of the company during the year under review.
21. ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS
The Company has adequate internal financial controls systems in place, which facilitates orderly and efficient conduct of its business including adherence to Companys policies, safeguarding of its assets, prevention and detection of frauds and errors, accuracy and completeness of the accounting records and timely preparation of reliable financial information.
Assurances on the effectiveness of Internal Financial Controls is obtained through management reviews, self-assessment, continuous monitoring by functional head as well as testing by internal auditors during the course of their audits.
M/s. N.D Kapur & Co., Chartered Accountants, is acting as an Internal Auditor of the Company to focus on internal audit function of the company. The independence of the audit and compliance is ensured by direct reporting of internal audit team to the Board of Directors of the company.
22. DISCLOSURE OF COMPOSITION OF AUDIT COMMITTEE AND PROVIDING VIGIL MECHANISM
The provisions of Section 177 of the Companies Act, 2013 read with Rule 6 and 7 of the Companies (Meetings of the Board and its Powers) Rules, 2013 are not applicable to the Company.
23. SECRETARIAL STANDARDS
The Company is complied with the applicable Secretarial Standards as issued by the Institute of Company Secretaries of India and as approved by the Central Government.
24. DEPOSITORY SYSTEMS
The Company has established connectivity with both depositories viz. National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). In view of the numerous advantages offered by the depository system, members holding Shares in physical mode are requested to avail of the dematerialization facility with either of the depositories.
The Company has appointed M/s. Link Intime India Pvt Ltd, a Category-I SEBI registered R&T Agent as its Registrar and Share Transfer Agent.
25. PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE
The Company is committed in providing a safe and conducive work environment at the workplace for all its employees. The Company dedicatedly emphasized on creating a work environment where every woman employee is treated with dignity and respect, as mandated under The Sexual Harassment of Woman at Workplace (Prevention, Prohibition and Redressal) Act, 2013. The Company has in place a formal policy on the prevention of Sexual Harassment at the Workplace (Policy on POSH) and has also constituted an
Internal Complaint Committee (ICC) in compliance with the requirement of the Act.
The Company hasnt received any Complaints on Sexual Harassment during the financial year under review.
26. MANAGERIAL REMUNERATION
The provisions of Section 197 of the Companies Act 2013, read along with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are not applicable to Private Companies.
Details of remuneration paid to the Directors during the financial year are available in Note No.31 of the Financial Statements for the financial year 2021-22.
27. GENERAL
Your Directors state that no disclosure or reporting is required in respect of the following items as there were no transactions on these items during the year under review:
a) Details relating to deposits covered under Chapter V of the Companies Act, 2013.
b) The Company has no Subsidiaries, Joint Ventures or Associate companies as defined in Companies Act, 2013.
c) Application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 during the year.
d) No significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status and Companys operations in future.
e) Provisions related to the appointment of Independent Directors in accordance with Section 149(6) of the Companies Act, 2013.
f) Particulars of Loan taken from Directors or their relatives in accordance with Rule 2(1))(c) of Companies(Acceptance of Deposits)Rule, 2014.
g) Provisions related to issue of sweat equity shares in accordance with Section 54 of the Companies Act, 2013.
28. APPRECIATIONS AND ACKNOWLEDGEMENTS
Your Directors place on record their deep appreciation to every member of VRB family for their hard work, dedication and commitment, to whom the credit for the Companys achievements goes.
Your Company looks upon its suppliers, distributors, retailers, business partners and others associated with it in its progress and the Board places on record its appreciation for the support and co-operation from all of them. The Directors take this opportunity to express their deep sense of gratitude to the Banks, Government and Regulatory authorities, both at Central and State level for their continued guidance and support.
And to you, our shareholders, we are deeply grateful for the confidence and faith that you have always reposed in us.
Your Directors deeply regret the losses suffered due to the Covid-19 pandemic and place on record their sincere appreciation to all the front-line workers and those who have gone beyond their duties in battling against the pandemic.
For and on behalf of the Board of Directors
VRB Consumer Products Private Limited (Erstwhile Veeba Food Services Private Limited)
Date: 13.09.2022
Place: Gurugram
______________________
Viraj Bahl
Managing Director
DIN: 00058420
Add: Khasra No. 982, B-22, Asola Homes Fatepur Road, Near Shani Dham, Chhatarpur, New Delhi-110074
_______________________
Ridhima Bahl
Director
DIN: 02845600
Add: Khasra No. 982, B-22, Asola Homes Fatepur Road, Near Shani Dham, Chhatarpur, New Delhi-110074
139
Annexure A
VEEBA EMPLOYEES STOCK

OPTION PLANS [VESOP]
The relevant details of the

schemes and the grant are as
below:
Number of Forfeited Number of Outstanding

Number of options
Options in ESOP Options as on
a) ESOP Scheme Shareholder's approval approved in ESOP
Schemes as on 31.03.2022 under ESOP
Scheme
31.03.2022 Schemes
VESOP I 01st April 2014 84,000 33,600 50,400
VESOP II 13th August 2016 50,000 10,000 40,000
VESOP III 31st August 2018 16,000 - 16,000
VESOP IV* 12th July 2019 15,000 15,000 -
VESOP V 22nd February 2021 18,000 - 18,000
b) Scheme VESOP I VESOP II VESOP III
One year from the date of One year from the date of grant of
Vesting period One year from the date of grant of options
grant of options options
01-May-17 - 10,000 options

01-Sep-17 - 5,000 options
04-Oct-18 - 5,000 options
Grant Date 01-Apr-14 - 84,000 options 17-Oct-18 - 16,000 options
05-Dec-19 - 5,000 options
28-Dec-20- 5,000 options
15-Sep-21- 5,000 options
One year from the date of grant of options One year from the date of grant of
Vesting date 1-Apr-15 and any further period as may be decided by options and any further period as may
the board be decided by the board
Lock in Period 3 years No lock in period No lock in period
Within 15 years from Within 20 years from the date of vesting of Within 20 years from the date of
Exercise period
February 19, 2021. each tranche of options. vesting of each tranche of options.
Exercise price 10 289 715
17-18 : 549.96
18-19 : 749.86
Market price at the
54.77 19-20 : 1302 749.86
date of grant
20-21 : 1767
21-22 : 1966.44
1% or more of Total Issued capital of

1% or more of Total Issued capital of the the company at the time of grant of
Less than 1% of Issued
company at the time of grant of options options subject to maximum of 16,000
capital of the company at
Maximum Number of subject to maximum of 50,000 options. options.
the time of grant of options
Options per employee In case options exceed 1% of the total issued In case options exceed 1% of the total
subject to maximum of
capital, share holders approval through a issued capital, share holders approval
84,000 options.
separate resolution is required. through a separate resolution is
required
Method of Valuation Fair Market Value Fair Market Value Fair Market Value
b) Scheme VESOP IV * VESOP V
Vesting period One year from the date of grant of options One year from the date of grant of options
Grant Date No Options granted till date under VESOP IV No Options granted till date under VESOP V
One year from the date of grant of options and any One year from the date of grant of options and any
Vesting date
further period as may be decided by the board further period as may be decided by the board
Lock in Period No lock in period No lock in period
140
Within 20 years from the date of vesting of each Within 20 years from the date of vesting of each
Exercise period
tranche of options. tranche of options.
Exercise price 1,326 2,071.38
Market price at the date of

No Options granted till date under VESOP IV No Options granted till date under VESOP V
grant
1% or more of Total Issued capital of the company at 1% or more of Total Issued capital of the company at
the time of grant of options subject to maximum of the time of grant of options subject to maximum of
Maximum Number of Options 15,000 options. 18,000 options.
per employee In case options exceed 1% of the total issued capital, In case options exceed 1% of the total issued
share holders approval through a separate resolution capital, share holders approval through a separate
is required resolution is required
Method of Valuation Fair Market Value Fair Market Value
The details of activity under

the VESOP I, VESOP II,
c) VESOP III, VESOP IV &
VESOP V are summarized
below:
VESOP I VESOP II VESOP III
31-Mar-2 31-Mar-2 31-Mar-2 31-Mar-2

31-Mar-22 31-Mar-22
1 1 2 1
No. of WAE No. of WAE No. of WAE No. of WAE No. of WAE No. of WAE
options P ** options P ** options P ** options P ** options P ** options P **
Total Options under the

84,000 10 84,000 10 50,000 289 50,000 289 16,000 715 16,000 715
scheme
Outstanding at the beginning

66,000 10 84,000 10 30,000 289 25,000 289 16,000 715 16,000 715
of the year
Vested during the year - - - - 5,000 289 5,000 289 - - - -
Granted during the year - - - - 5,000 289 5,000 289 - - - -
Forfeited/cancelled during
15,600 10 18,000 10 10,000 - - - - - - -
the year
Exercised during the year - - - - - - - - - - - -
Outstanding at the end of the

50,400 10 66,000 10 25,000 289 30,000 289 16,000 715 16,000 715
year
Exercisable at the end of the

50,400 - 66,000 - 20,000 - 25,000 - 16,000 - 16,000 -
year
* During the year 21-22,

ESOP IV has been cancelled
and the same has been
approved in the Board
meeting held on 26th April,
2021.
**Weighted average exercise

price
c) The details of activity under the VESOP I, VESOP II, VESOP III, VESOP IV & VESOP V are summarized below:
VESOP IV * VESOP V
31-Mar-22 31-Mar-21 31-Mar-22 31-Mar-21
No. of
No. of options WAEP ** No. of options WAEP ** No. of options WAEP ** WAEP **
options
Total Options under the scheme 15,000 1,326 15,000 1,326 18,000 2,071.38 18,000 2,071.38
Outstanding at the beginning of

15,000 1,326 15,000 1,326 18,000 2,071.38 - -
the year
Vested during the year - - - - - - - -
141
Granted during the year - - - - - - - -
Forfeited/cancelled during the

15,000 1,326 - - - - - -
year
Exercised during the year - - - - - - - -
Outstanding at the end of the

- - 15,000 1,326 18,000 2,071.38 18,000 2,071.38
year
Exercisable at the end of the

- - - - - - - -
year
* During the year 21-22, ESOP IV has been cancelled and the same has been approved in the Board meeting held on 26th April, 2021.
**Weighted average exercise price
FORM NO. AOC -2
(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014.
Form for Disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub section (1) of
section 188 of the Companies Act, 2013 including certain arms length transaction under third proviso thereto.
1. Details of contracts or arrangements or transactions not at Arm’s length basis.
VRB Consumer Products Private Limited had entered into one transaction with Mr. Viraj Bahl, Managing Director of the company, for assignment
of trademarks.
SL. No. Particulars Details
Mr. Viraj Bahl

a) Name (s) of the related party & nature of relationship Relationship with company- Promoter, Shareholder and Managing
Director of the company
Assignment of trademarks from Mr. Viraj Bahl to VRB Consumer

b) Nature of contracts/arrangements/transaction
Products Private Limited
c) Duration of the contracts/arrangements/transaction NA
· A Deed of Assignment was executed on 10.06.2021 between Mr.

Salient terms of the contracts or arrangements or Viraj Bahl and VRB Consumer Products Private Limited
d)
transaction including the value, if any · A total consideration of Rs. 10,000 was paid by the company to Mr.
Viraj Bahl for assignment of trademarks.
· Mr. Viraj Bahl was the proprietor and the owner of the certain
Justification for entering into such contracts or trademarks along with the goodwill associated with them.
e)
arrangements or transactions’ · Company considered to acquire these trademarks from Mr. Viraj
Bahl for a total considerations of Rs. 10,000.
f) Date of approval by the Board 26.04.2021
g) Amount paid as advances, if any NIL
Date on which the special resolution was passed in General

h) Not Applicable
meeting as required under first proviso to section 188
2. Details of contracts or arrangements or transactions at Arm’s length basis.

All other related party transactions entered into by the Company during the FY 2021-22 were at arm’s length basis and in the ordinary course of
business, hence not covered under the provisions of the Section 188 of Companies Act, 2013 and the necessary disclosures required to be
made as per AS-18 have been duly made by the Company and are annexed to the financial statements of the Company.
SL. No. Particulars Details
a) Name (s) of the related party & nature of relationship -
b) Nature of contracts/arrangements/transaction -
c) Duration of the contracts/arrangements/transaction -
d) Salient terms of the contracts or arrangements or transaction including the value, if any -
e) Date of approval by the Board -
f) Amount paid as advances, if any -
For and on behalf of the Board of Directors
VRB Consumer Products Private Limited (Erstwhile Veeba Food Services

Private Limited)
142
Date: 13.09.2022
Place: Gurugram
_______________________
_______________________
Ridhima Bahl
Viraj Bahl
Director
Managing Director
DIN: 02845600
DIN: 00058420
Add: Khasra No. 982, B-22, Asola Homes Fatepur Road, Near
Add: Khasra No. 982, B-22, Asola Homes Fatepur Road, Near Shani Dham,
Shani Dham, Chhatarpur, New Delhi-110074
Chhatarpur, New Delhi-110074
Textual information (57): Description of state of companies affair
We are very proud of the fact that with our large distribution network we offer world class products to household customers through retailers as
well as a large variety of productsto restaurants, bakeries, caterers, canteens etc. across the length and the breadth of the country enabling them
to providetheir consumers best quality food products. In financial year 2021-22, your company launched various products in the market under the
brand name “PROVEE” and “Earthmade Organix”. During the year 2021-22, Company has earned a revenue of Rs. 54,237.70 Lakhs from its
continuing operations. (P.Y Rs. 32,710.86 Lakhs).
Textual information (58): Details regarding energy conservation
(i) the steps taken or impact on conservation of energy In line with the company’s commitment towards conservation of energy, there is continued
efforts aimed at improving energy efficiency through improved operational and management practices. (ii) the steps taken by the company for
utilizing alternate sources of energy The Company recognizes the reality of climate change and its impact and is evaluating the cost-benefits of
using renewable sources of energy. (iii) the capital investment on energy conservation equipment’s Nil
Textual information (59): Details regarding technology absorption
(i) the efforts made towards technology absorption The Company has continuously evolved and deployed the most modern management
techniques in material handling, storage and processing of materials with adequate quality control which have kept the costs and wastes at the
minimum and below applicable norms. (ii) the benefits derived like product improvement, cost reduction, product development or import
substitution NIL (iii) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year)- NIL
(a) the details of technology imported (b) the year of import; (c) whether the technology been fully absorbed (d) if not fully absorbed, areas where
absorption has not taken place, and the reasons thereof (iv) the expenditure incurred on Research and Development Rs. 107.14 Lakhs (P.Y Rs.
69.53 Lakhs)
Textual information (60): Details regarding foreign exchange earnings and outgo
Particulars Year Ended 31st March, 2022 Year Ended 31st March, 2021 Foreign exchange earned in terms of actual inflows Rs. 32.78 Lakhs NIL
Foreign exchange outgo in terms of actual outflows Rs. 5.30 Lakhs Rs. 5.00 Lakhs
Textual information (61): Disclosures in director’s responsibility statement
In accordance with the provisions of Section 134(5) of the Companies Act, 2013 the Board hereby submit its responsibility Statement: i). That in
preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material
departures. ii). That the Directors have selected and applied consistently such accounting policies, 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/loss of the Company for that period. iii). That the Directors have 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. iv). That the Directors have prepared the annual accounts on a going concern basis. v). That the directors had
devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating
effectively.
Textual information (62): Details of material changes and commitment occurred during period affecting financial
position of company
No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which
this financial statements relates and till the date of this report. However, the name of the company has been changed from “Veeba Food Services
Private Limited” to “VRB Consumer Products Private Limited.” w.e.f. 17th June, 2022. The name “VRB Consumer Products Private Limited”
143
would give better representation to various products of the company which sold under different brands in the market.
Textual information (63): Particulars of loans guarantee investment under section 186 [Text Block]
There were no loans, guarantees or security provided by the Company under Section 186 of the Companies Act, 2013 during the year under
review.
The Company has disclosed the detail of invesments made during the financial year 2021-22 in Note No. 12 of the Financial Statements.
Textual information (64): Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
All related party transactions entered into by the Company during the year under review were at arm’s length basis and in the ordinary course of
business, hence not covered under the provisions of the Section 188 of Companies Act, 2013 and the necessary disclosures required to be
made as per AS-18 have been duly made by the Company and are annexed to the financial statements of the Company.
There was only one related party transaction held during the year under review between company and Mr. Viraj Bahl (Managing Director) for
assignment of trademarks. Accordingly, the disclosure required u/s 134(3) (h) of the Act in Form AOC-2 is annexed herewith as Annexure B.
Textual information (65): Disclosure of extract of annual return as provided under section 92(3) [Text Block]
As per Section 134(3)(a) of the Companies Act, 2013, the Annual Return referred to in Section 92(3) of Companies Act, 2013 for the financial
year ended on March 31, 2022 is available on the website of the Company under the tab “Corporate Information”. [Website – www.veeba.in ]
Textual information (66): Details of shareholding pattern of directors and key managerial personnel [Text Block]
Details of shares held by

promoters
As at 31 March 2022
No. of shares at the Change during No. of shares at the % of Total % change during
Particulars Promoter Name
beginning of the year the year end of the year Shares the year
Equity shares of INR 10 each

Mr. Viraj Bahl 35.08 (2.14) 32.94 47.28% -6.11%
fully paid
Total 35.08 (2.14) 32.94 47.28% -6.11%
As at 31 March 2021
No. of shares at the Change during No. of shares at the % of Total % change during
Particulars Promoter Name
beginning of the year the year end of the year Shares the year
Equity shares of INR 10 each

Mr. Viraj Bahl 35.08 - 35.08 50.4% 0.00%
fully paid
Total 35.08 - 35.08 50.35% 0.00%
Total shareholding of Mr. Viraj Bahl in the Company at the begning of FY is 39.23% and at the end of the FY is 36.83%.
Textual information (67): Disclosure of statement on declaration given by independent directors under section 149(6)
[Text Block]
During the review period , no disclosure of statement on declaration given by Independent Director under Section149(6)
Textual information (68): Disclosure for companies covered under section 178(1) on directors appointment and
remuneration including other matters provided under section 178(3) [Text Block]
The provisions of Section 178(1) of Companies Act, 2013 relating to constitution of Nomination and Remuneration Committee are not applicable
to the Company.
Textual information (69): Disclosure of statement on development and implementation of risk management policy [Text
Block]
144
The Company has a well-defined risk management framework in place to ensure appropriate identification, measurement, mitigation and
monitoring of business risks and challenges across the Company.
The Company promotes strong ethical values and high levels of integrity in all its activities, which in itself is a significant risk mitigator. With the
growth strategy in place, risk management holds the key to the success of the Company’s journey of continued competitive sustainability in
attaining the desired business objectives.
Textual information (70): Details on policy development and implementation by company on corporate social
responsibility initiatives taken during year [Text Block]
Statutory provisions of Corporate Social Responsibility under Section 135 of the Companies Act, 2013 are not applicable to the company.
We strongly believe that sustained growth of business is growth of people around our operation and protection of environment where we operate.
We understand wellbeing of the community around our business which helps in growth of business and hence we value people around our
operational locations and promote inclusive growth.
Textual information (71): Disclosure of financial summary or highlights [Text Block]
FINANCIAL SUMMARY
Your Companys financial performance for the year under review has been encouraging. Key aspects of Financial Performance of VRB
Consumer Products Private Limited for the current financial year 2021-22 along with the previous financial year 2020-21 are tabulated below:
(All amounts are in lakhs unless otherwise stated)
Year ended Year ended

Particulars
31st March 2022 31st March 2021
[A] Revenue From operations (Gross) 54,237.70 32,710.86
[B] Other Income 1,086.11 71.50
[C] Total Revenue [A+B] 55,323.81 32,782.36
[D] Total Expenses 57,382.13 34,128.43
[E] Profit or Loss before Tax [C-D] (2058.32) (1,346.07)
[F] Tax Expense NIL NIL
[G] Profit or Loss After Tax [E-F] (2058.32) (1,346.07)
[H] Earning Per Equity Share:
Basic (29.55) (19.32)
Diluted (29.55) (19.32)
Textual information (72): Disclosure of change in nature of business [Text Block]
There is no change in the nature of business of the Company during the financial year 2021-22.
Textual information (73): Details of directors or key managerial personnels who were appointed or have resigned
during year [Text Block]
There is no change in the constitution of Board of Directors of the company during the year under review
Textual information (74): Disclosure of companies which have become or ceased to be its subsidiaries, joint ventures or
associate companies during year [Text Block]
The Company does not have any Subsidiary, Joint Venture or Associate Company during the year under review.
Textual information (75): Details relating to deposits covered under chapter v of companies act [Text Block]
During the review period,no transaction has been entered by the Company relating to deposits covered under Chapter V of the Companies Act,
2013
145
Textual information (76): Details of deposits which are not in compliance with requirements of chapter v of act [Text
Block]
NA
Textual information (77): Details of significant and material orders passed by regulators or courts or tribunals
impacting going concern status and company’s operations in future [Text Block]
No significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status and Company’s
operations in future.
Textual information (78): Details regarding adequacy of internal financial controls with reference to financial
statements [Text Block]
The Company has adequate internal financial controls systems in place, which facilitates orderly and efficient conduct of its business including
adherence to Company’s policies, safeguarding of its assets, prevention and detection of frauds and errors, accuracy and completeness of the
accounting records and timely preparation of reliable financial information.
Assurances on the effectiveness of Internal Financial Controls is obtained through management reviews, self-assessment, continuous monitoring
by functional head as well as testing by internal auditors during the course of their audits.
M/s. N.D Kapur & Co., Chartered Accountants, is acting as an Internal Auditor of the Company to focus on internal audit function of the company.
The independence of the audit and compliance is ensured by direct reporting of internal audit team to the Board of Directors of the company.
Textual information (79): Disclosure of contents of corporate social responsibility policy [Text Block]
NOT APPLICABLE
Textual information (80): Disclosure of appointment and remuneration of managerial personnels [Text Block]
The provisions of Section 197 of the Companies Act 2013, read along with the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014 are not applicable to Private Companies.
Details of remuneration paid to the Directors during the financial year are available in Note No.31 of the Financial Statements for the financial
year 2021-22.
Textual information (81): Disclosure regarding issue of sweat equity shares [Text Block]
Duriing the year review, there is no issue of sweat equity shares in the Company.
146
[400500] Disclosures - Secretarial audit report

Period FY 2022
Whether secretarial audit report is applicable on company No
147

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VRB CONSUMER PRODUCTS PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2021 to 31/03/2022

[100100] Balance sheet

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

(C) Property, Plant and Equipment : 11017.96

(D) Property, Plant and Equipment : 10850.32

[100200] Statement of profit and loss

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

(C) Other operating revenue - Scrap Sales : 146.85

(D) Other operating revenue - Scrap Sales : 87.99

(E) Depreciation and amortization expense : 716.65

(F) Depreciation and amortization expense : 604.96

[100300] Cash flow statement, direct

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

(E) Repayment of long-term borrowings : 0 Repayment of short-term borrowings : -665.26

(F) Repayment of long-term borrowings : -5.57 Repayment of short-term borrowings : -169.34

(G) Money received against share warrants : 3.54

(H) Money received against share warrants : 0

[100400] Cash flow statement, indirect

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

(E) Repayment of long-term borrowings : 0 Repayment of short-term borrowings : -665.26

(F) Repayment of long-term borrowings : -5.57 Repayment of short-term borrowings : -169.34

(G) Money received against share warrants : 3.54

(H) Money received against share warrants : 0

[200100] Notes - Share capital

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

Disclosure of classes of share capital [Table] ..(1)

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

Changes in share capital [Abstract]

Disclosure of classes of share capital [Table] ..(2)

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

Calls unpaid by directors 0 0

Disclosure of classes of share capital [Table] ..(3)

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

Changes in share capital [Abstract]

Disclosure of classes of share capital [Table] ..(4)

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

Total calls unpaid by directors and officers 0 0

Disclosure of classes of share capital [Table] ..(5)

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

Amount of bonus issue during period 0 0

Disclosure of classes of share capital [Table] ..(6)

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

Calls unpaid by others 0 0

Disclosure of classes of share capital [Table] ..(7)

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

Increase in share capital during period [Abstract]

Disclosure of classes of share capital [Table] ..(8)

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

Calls unpaid by officers 0 0

Disclosure of classes of share capital [Table] ..(9)

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

Reconciliation of value of shares outstanding [Abstract]

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

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

Number of shares held in company [shares] 3,293,527 [shares] 3,507,695

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

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

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

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

DSGCP Souza DSGCP Souza DSGCP Buildout DSGCP Buildout

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