Go Airlines (India) Limited

CONTENTS
GO AIRLINES (INDIA) LIMITED
Entity Report
Overview 2
Director Report
Current Directors 3
Cross Directorship Holding 4
Past Directors 7
Past Directorship Holding 8
Legal Report
Defaults 9
Financial Report
Consolidated Summary 10
Standalone Summary 11
Profit and Loss Cons As Rep 12
Balance Sheet Cons As Rep 13
Cash Flow Cons As Rep 14
Ratios Cons As Rep 15
Profit and Loss Stand As Rep 18
Balance Sheet Stand As Rep 19
Cash Flow Stand As Rep 20
Ratios Stand As Rep 21
Final Shareholding 24
Shareholding Equity
Shareholding Pattern 25
CONTENTS
Shareholding Equity
Detailed 26
Directors Share 27
Stakeholders 28
Capital Structure 29
Change in Equity 30
FII 31
Unclassified Capital 32
Shareholding Preference
Pref. Shares Overview 33
Change in Pref. 34
Pref. Capital Structure 35
Related Company Statistics

Related Entity Statistics 36
Related Entities
Related Companies 37
Disclosures Management
Board Composition 38
CONTENTS
Disclosures Management
Board Remuneration 39
Key Managerial Changes 40
Signatories 41
Company Secretary Details 42
Disclosures Meetings
Statutory Meeting 43
Board Attendance 44
Board Meeting 45
Committee Meeting 46
Disclosures Borrowings
Debentures 47
Indebtedness 48
Regulatory Disclosures
Compliance 49
Regulatory Actions 50
Compounding Offences 51
Other Disclosures
Performance 52
CONTENTS
Other Disclosures
Business Activity 53
Company Classification 54
Other Disclosures 55
Disclosures Forex
Earnings Stand 56
Revenue Stand 57
Expenses Stand 58
Other Forex Expenses Stand 59
Fluctuations Stand 60
Earnings Conso 61
Revenue Conso 62
Expenses Conso 63
Other Forex Expenses Conso 64
Fluctuations Conso 65
Auditors
Auditors 66
Related Audit Companies 57
Auditors Comment 58
CARO 59
Charges Report
Open Charge 60
Index Of Charges 61
All Charge Data 65
CONTENTS
Charges Report
Charge History 66
Credit Rating Likely 73
Unaccepted Rating Likely 78
Industry Data
Peers 79
Peers Ranking 80
Employees
Employees 81
Investments
Capital Raised 82
Rumours 83
Outside India 84
Received in India 85
Triggers
Triggers 86
NCLT Export
Appellant 87
CONTENTS
NCLT Export
Respondent 88
External Commercial Borrowings

External Commercial Borrowings 89
Legal Report
Legal Overview 90
Legal Summary 91
Legal Cases 93
Other Disclosures
Contact Details 104
2 OVERVIEW
Company Profile & Registration Detail Directors Detail
CIN Number LEI Number Keki Manchersha Elavia - (00003940) Director

U63013DL2004PLC217305 3358005LKBTWASVEFF85
Vijay Laxman Kelkar - (00011991) Director
LEI Expiry Old Name
Nusli Neville Wadia - (00015731) Director
22 Jul 2023 Go Airlines (India) Private Limited
Tanya Arvind Dubash - (00026028) Director
PAN Date of Incorporation
AACCG2599K 29 Apr 2004 Ness Nusli Wadia - (00036049) Director
Email Id Company Category Yashwant Shankarrao Patil Thorat - (00135258) Director

Secretarial@Flygofirst.Com Company Limited By Shares Vinesh Kumar Jairath - (00391684) Director
Company Sub-Category Industry Varun Berry - (05208062) Director

Non-Govt Company Retail
Ben Basil Baldanza - (08350153) Director
Sector Authorised Capital(in Rs. Lacs) Manish Sehgal - (AANPS5835N) Company Secretary
Aviation 96000.00
Kaushik Chandrahas Khona - (ABQPK8317D) CEO(KMP)
Paid-up Capital(in Rs. Lacs) Date of Balance Sheet
72257.50 31 Mar 2022 Niraj Kumar - (ASTPK1933H) CFO(KMP)
Date of Last AGM Company Status (for eFiling)
26 Sep 2022 Active
Whether Listed or Not RoC Code
Unlisted Roc-Delhi
Number of Members Address
C/O, Britania Industries Limited, A-33, Lawrence Road Industrial Area, New Delhi Dl
8
110035 In
State ACTIVE compliance
Delhi Active Compliant
Suspended at stock exchange Auditors
- M S K A & Associates
3 BOARD OF DIRECTORS
S.No. Name Designation Stake(%) Date of Appointment No of Directorships Whether DSC Registered Expiry Date of DSC Disqualified U/S-164 (Pdf) Disqualified U/S-164 (DIN)
1 Keki Manchersha Elavia - (00003940) Director 30 May 2014 9 Expired 19 Sep 2021 No No
2 Vijay Laxman Kelkar - (00011991) Director 21 Jun 2011 6 No - No No
3 Nusli Neville Wadia - (00015731) Director 20.7 01 Jun 2004 7 Yes 17 Jun 2023 No No
4 Tanya Arvind Dubash - (00026028) Director 29 Jan 2020 19 Yes 24 Jan 2025 No No
5 Ness Nusli Wadia - (00036049) Director 0.49 29 Apr 2004 13 Yes 23 Aug 2023 No No
6 Yashwant Shankarrao Patil Thorat - (00135258) Director 18 Oct 2019 4 Yes 04 Oct 2023 No No
7 Vinesh Kumar Jairath - (00391684) Director 25 Sep 2017 7 Expired 18 Sep 2021 No No
8 Varun Berry - (05208062) Director 25 Sep 2017 6 Yes 03 Mar 2024 No No
9 Ben Basil Baldanza - (08350153) Director 18 Oct 2019 1 Expired 01 Feb 2021 No No
10 Manish Sehgal - (AANPS5835N) Company Secretary 22 Nov 2021 1 Yes 25 Aug 2023 No No
11 Kaushik Chandrahas Khona - (ABQPK8317D) Ceo(Kmp) 14 Aug 2020 1 Yes 11 May 2023 No No
12 Niraj Kumar - (ASTPK1933H) Cfo(Kmp) 08 Oct 2022 1 Yes 29 Nov 2024 No No
4 CROSS DIRECTORSHIP HOLDING
Sr. No. Company Ben Basil Baldanza Kaushik Chandrahas Khona Keki Manchersha Elavia Manish Sehgal Ness Nusli Wadia Niraj Kumar Nusli Neville Wadia Tanya Arvind Dubash Varun Berry Vijay Laxman Kelkar
1 Go Airlines (India) Limited D CEO(KMP) D Company Secretary D CFO(KMP) D D D D
2 Anamudi Real Estates Llp DP
3 Arel Enterprise Llp DP
4 Zest Pharmaceuticals Pvt Ltd D
5 Virtual Education Network Private Limited D
6 The Bombay Burmah Trading Corporation Limited MD D
7 Britannia Industries Ltd D D D D MD
8 Go Investments & Trading Private Limited D D
9 The Bombay Dyeing And Manufacturing Company Limited D D D
10 Essence Consumer-Care Products Private L Imited AD
11 Naturesse Consumer-Care Products Private Limited AD
12 Vora Soaps Limited D
13 Wadia Investments Limited D
14 Nitapo Holdings Private Limited D
15 Tnp Enterprise Llp DP
16 Nammyoho Daan Foundation D
17 Patricia Keelan Foundation D
18 Goodeed Charitable Foundation D
19 Tristar Charitable Foundation D
20 Vulcan Promoters Private Limited D
21 Innovia Multiventures Private Limited D
22 School For Social Entrepreneurs India D
23 Anbg Enterprise Llp DP
24 Godrej Seeds & Genetics Limited D
25 Godrej Holdings Private Limited D
26 Avanti Microfinance Private Limited D
27 Godrej Hygiene Products Limited D
28 Sentient Labs Private Limited D
29 Avante Spaces Limited
30 K.P.H. Dream Cricket Private. Limited. D
31 Phoenix Arc Private Limited D
32 Gil Vikhroli Real Estate Limited D
33 Godrej Household Products Limited D
34 Britannia Bel Foods Private Limited D
35 Britchip Foods Limited D
36 Dai-Ichi Karkaria Limited D
37 National Peroxide Limited D
38 Avanti Finance Private Limited D
39 Grindwell Norton Limited D
40 Sterling And Wilson Renewable Energy Limited D
41 Indian Institute For Human Settlements D
42 Jm Financial Asset Reconstruction Company Limited D
43 Ambit Holdings Private Limited
44 Wockhardt Limited
45 Godrej Industries Limited Wholetime Director
46 Godrej Consumer Products Limited D
47 Godrej Agrovet Limited D
48 Kirloskar Oil Engines Limited
49 Kirloskar Industries Limited
50 Godrej And Boyce Manufacturing Company Limited D
51 Page Industries Limited D
52 Escorts Kubota Limited D
D - Director, MD - Managing Director, WTD - Whole-Time Director, DACV - Director appointed in casual vacancy, ND - Nominee Director, M - Manager, S - Secretary, DP - Designated Partner, AD - Additional DirectorAlt-D - Alternate Director
This Data is partial to view full data
7 Past Directors
S.No. Name Designation Date of Appointment Date of cessation No Of Past Directorships

1 NASSER MUKHTAR MUNJEE Director 15 Feb 2013 25 May 2017 31
2 SUKANT SADASHIV KELKAR Director 01 Jun 2004 23 Aug 2007 12
3 ASHOK PANJWANI Director 01 Jun 2004 11 Jul 2011 10
4 ISHAAT HUSSAIN Director 21 Jun 2011 16 Sep 2013 24
5 APURVA SHISHIR DIWANJI Director 21 Jun 2011 01 Jun 2021 3
6 VINITA BALI Director 24 Aug 2006 01 Oct 2014 13
7 JEHANGIR NUSLI WADIA Managing Director 29 Apr 2004 01 Jan 2021 8
8 RANENDRA SEN Director 15 Feb 2012 10 Nov 2012 3
9 VIBHA PAUL RISHI Director 03 Sep 2015 04 Sep 2019 13
10 WOLFGANG PROCK SCHAUER Managing Director 01 Oct 2016 15 Dec 2017 1

8 Past Directorship Holding
Sr. No. Company % Common Directors Date of Incop. State

1 GO AIRLINES (INDIA) LIMITED Apr 2004 Delhi
2 INTEGRATED CLINICAL RESEARCH SCIENCES PRIVATE LIMITED 50 Jul 2001 Maharashtra
3 GO ENGINEERING PRIVATE LIMITED 50 Jun 2006 Maharashtra
4 FIRST ASIAN INFRAVENTURES PRIVATE LIMITED 50 Mar 2022 Maharashtra
5 GO AIRWAYS PRIVATE LIMITED 50 Sep 2005 Maharashtra
6 GO CARGO PRIVATE LIMITED 50 Jun 2006 Maharashtra
7 HORMAZE PROPERTY PRIVATE LIMITED 50 Apr 1991 Maharashtra
8 FREEDOM ALLIANZ CONSULTANCY PRIVATE LIMITED 50 Sep 2022 Maharashtra
9 VIRTUAL EDUCATION NETWORK PRIVATE LIMITED 50 Jun 2001 Maharashtra
10 PATRICIA KEELAN FOUNDATION 33 Mar 2021 Maharashtra
11 SPEECH AND SOFTWARE TECHNOLOGIES (INDIA) PRIVATE LIMITED 33 Mar 2003 Tamil Nadu
12 GO HOLDINGS PRIVATE LIMITED 33 Jan 2006 Maharashtra

9 Defaults
Source Category Remarks Type Likely/Not Sure

10 Consolidated Summary
Summary FY22 FY21 FY20 FY19 FY18 FY17

Revenue 4,352 2,327 7,258 6,412 4,746 3,530
EBITDA 164 265 312 89.6 388 419
%EBITDA Margin 3.8 11.4 4.3 1.4 8.2 11.9
Profit After Tax -1,804 -870 -1,271 124 152 205
%PAT Margin -41.5 -37.4 -17.5 1.9 3.2 5.8
Total Assets 16,522 14,460 14,082 4,559 3,939 3,305

11 Standalone Summary
Summary FY22 FY21 FY20 FY19 FY18 FY17 FY16

Revenue 4,352 2,327 7,258 6,412 4,746 3,530 2,791
EBITDA 164 273 312 89.3 388 419 220
%EBITDA Margin 3.8 11.7 4.3 1.4 8.2 11.9 7.9
Profit After Tax -1,808 -870 -1,271 123 152 205 150
%PAT Margin -41.5 -37.4 -17.5 1.9 3.2 5.8 5.4
Total Assets 16,518 14,465 14,078 4,558 3,939 3,305 3,100

12 PROFIT AND LOSS CONS AS REP
Figures in (Rs. Crores)
Particulars FY22 FY21 FY20 FY19 FY18 FY17
Total Revenue 4,352 2,327 7,258 6,412 4,746 3,530
Revenue From Sale Of Services 4,184 2,172 7,052 6,262 4,107 3,143
Other Operating Revenues 538 382
Other Income 168 156 206 149 101 5.4
Revenue From Operations 4,184 2,172 7,052 6,262 4,645 3,525
Total Expenses Excluding Depreciation And Finance Cost 4,188 2,062 6,946 6,322 4,358 3,112
Cost Of Materials Consumed 3,040 1,754 4,557 5,159 3,518
Changes In Inventories Of Finished Goods, Work-in-progress And Stock-in-trade -3.1 -0.68
Purchases Of Stock In Trade 7.3 2.3
Employee Benefit Expense 434 303 877 601 421 335
CSR Expenditure 1.7
Other Expenses 710 4.3 1,511 562 419 2,775
EBITDA 164 265 312 89.6 388 419
Finance Costs 1,134 1,006 855 221 202 154
Depreciation Expense 21.4 21.5 19.3 16.1 13.2 9.8
Amortisation Expenses 813 597 1,342 1.9
Total Depreciation, Depletion And Amortisation Expense 834 619 1,361 16.1 15 9.8
Exceptional Items Before Tax 12.8 26.8 191 66.2 50.9
PBT -1,804 -1,346 -1,877 43.5 237 306
Total Tax Expense -0.33 -476 -606 -80.1 84.8 101
Current Tax 0.04 0.19 33 14.9 103 0.48

12 PROFIT AND LOSS CONS AS REP
Deferred Tax -0.37 -476 -639 -95 -17.8 100
Total Profit (loss) For Period -1,804 -870 -1,271 124 152 205

13 BALANCE SHEET CONS AS REP
Total Shareholder's Funds -3,316 -2,360 -1,491 -319 -380 39.8
Share Capital 223 158 158 150 150 150
Reserves And Surplus -3,540 -2,519 -1,650 -469 -530 -110
Minority Interest 1.7 1.7 1.7
Total Non Current Liabilities 11,725 10,489 11,303 2,004 1,851 1,220
Long Term Borrowings 1,625 912 1,221 1,121 1,054 1,209
Other non-current financial liabilities 8,621 8,361 8,782 36 42.9
Long Term Provisions 1,479 1,216 1,300 848 754 9.8
Other Long Term Liabilities 1.3
Total Current Liabilities 8,113 6,330 4,270 2,874 2,468 2,046
Short Term Borrowings 1,274 1,330 560 698 740 749
Trade Payables 825 925 530 217 790 541
Other current Financial liabilities 4,108 3,210 2,288 852 186
Short Term Provisions 916 332 330 486 276 2.2
Other Current Liabilities 990 534 562 620 476 754
Total Equity And Liabilities 16,522 14,460 14,082 4,559 3,939 3,305
Total Non Current Assets 14,531 13,222 12,874 3,388 2,866 2,569
Tangible Assets Capital Work In Progress 1,446
Intangible Assets Under Development Or Work In Progress 0.35 0.53 0.37 0.13 0.05
Non Current Investments 0.01 0.01
Long Term Loans And Advances 931
13 BALANCE SHEET CONS AS REP
Other non current financial assets 1,089 725 796 823 502
Deferred Tax Assets (net) 1,728 1,728 1,253 646 422 110
Other Non Current Assets 1,878 1,782 1,808 1,770 1,835
Intangible Assets 3.1
Goodwill 0.01 0.01 0.01 0.01 0.01
Other Intangible Assets 5.1 7.5 10.1 7.5 6.7
Tangible Assets 9,830 8,979 9,007 141 99.9 79
Total Current Assets 1,991 1,238 1,208 1,171 1,073 736
Inventories 150 116 108 80.8 120 117
Current Loans 1.3
Trade Receivables 36.8 21.5 7.4 42.6 32.1 69
Cash And Bank Balances 372 46.7 118 187 126 7.3
Short Term Loans And Advances 542
Other current financial assets 824 600 807 493 616
Other Current Assets 608 454 167 368 178 1.8
Total Assets 16,522 14,460 14,082 4,559 3,939 3,305

14 CASH FLOW CONS AS REP
Profit Before Taxes -1,804 -1,346 -1,877 43.5 237 306
Profit before extraordinary items and tax 306
Net cash flows from (used in) operating activities 687 108 1,738 692 649 141
Adjustments for finance costs 759 743 646 181 179 139
Adjustments for depreciation and amortisation expense 834 619 1,361 16.1 15 9.8
Adjustments for decrease (increase) in trade receivables, current -457 -62.6 -119 -269
Adjustments for increase (decrease) in trade payables, current 321 279 392 365
Adjustments for provisions, current 308 -154 51.9 241
Adjustments for interest income 69 84.6 78.2 97.8 66.1
Adjustments for unrealised foreign exchange losses gains 381 -291 857 -51.7 -1.6 19.6
Other adjustments to reconcile profit (loss) 216 144 423 396 8.4
Other adjustments for non-cash items 64.6 -9
Adjustments for decrease (increase) in inventories -34.9 -7.6 -27.1 -22.4 -25.4 -22.2
Adjustments for decrease (increase) in trade receivables -341
Adjustments for increase (decrease) in trade payables 116
Adjustments for decrease (increase) in other current assets 1.9 21 -28.2 -54.2 2.6
Adjustments for increase (decrease) in other current liabilities 256 201 145 347
Interest paid 65.5
Interest received -3.2
Income taxes (paid) refund 24.3 -48.4 9 89.6 83.8
Net cash flows from (used in) investing activities -101 7.7 -57.3 -142 -16.2 170

14 CASH FLOW CONS AS REP
Purchase of property, plant and equipment 15.6 11.1 53.6 58.4 18.6
Purchase of other long-term assets 94.7 6.7 8 86.8
Purchase of tangible assets 9.7
Interest received 9.6 25.4 4.3 3.1 2.4 2.2
Other inflows (outflows) of cash 177
Net cash flows from (used in) financing activities -262 -187 -1,750 -382 -555 -306
Proceeds from issuing shares 846 97.5 50
Proceeds from borrowings 996 790
Repayments of borrowings 56.4 138 213 383 126
Interest paid 273 138 115 169 172 230
Other inflows (outflows) of cash -1,774 -839 -1,594
Net increase (decrease) in cash and cash equivalents 325 -71.3 -69.2 168 77.9 4.5
Cash and cash equivalents cash flow statement at end of period 372 46.7 118 187 123 6.6

15 Ratios Cons As Rep
Particulars FY22 FY21 FY20 FY19 FY18

Leverage Ratios
Current Liabilities / Net Worth -2.5 -2.7 -2.9 -9 -6.5
Fixed Assets / Net Worth -3 -3.8 -6.1 -0.46 -0.28
Gross Debt / Book Equity 13 14.2 11.3 12.1 12
Debt/Equity (Shareholder's Funds Basis) -0.87 -0.95 -1.2 -5.7 -4.7
Debt Service Coverage Ratio 0.04 0.08 0.12 0.04 0.19
Equity Ratio -0.20 -0.16 -0.11 -0.07 -0.10
Long-Term Debt / Equity -0.49 -0.39 -0.82 -3.5 -2.8
Short-Term Debt / Equity -0.38 -0.56 -0.38 -2.2 -2
Gross Debt / Ebitda 17.7 8.5 5.7 20.3 4.6
Net Debt / Book Equity 11.4 13.9 10.6 10.9 11.1
Net Debt / Ebitda 15.4 8.3 5.3 18.2 4.3
Interest Coverage Ratio -0.59 -0.35 -1.2 0.33 1.9
Average Interest % On Debt(%) 39.1% 44.9% 48% 12.2% 11.3%
Net Worth (Rs. Lac) -3,31,578 -2,35,959 -1,49,070 -31,934 -37,993
Liquidity Ratios
Current Ratio 0.25 0.20 0.28 0.41 0.43
Working Capital (Rs. Lac) -6,12,242 -5,09,253 -3,06,205 -1,70,261 -1,39,470
Cash Balance (Rs. Lac) 37,174 4,674 11,807 18,724 12,605
Cash To Sales (%) 8.9% 2.2% 1.7% 3% 2.7%
Days Of Sales Outstanding 3.2 3.6 0.38 2.5 2.5
Inventory Days 13.1 19.4 5.6 4.7 9.4
Days Inventory Outstanding (Cogs Basis) 18 24 8.6 5.7 12.4
Trade Payables (Creditors) (Rs. Lac) 82,502 92,470 53,025 21,728 78,962


Payable Days 72 155 27.5 12.7 62.1
Days Payable Outstanding (Cogs Basis) 98.9 192 42.5 15.4 81.9
Cash Conversion Cycle -55.6 -132 -21.5 -5.5 -50.1
Cash Days 30.8 7.2 5.9 10.5 9.6
Gross Current Asset Days 171 205 61.7 67.3 83.2
Net Working Capital As A % Of Sales(%) -146% -234% -43.4% -27.2% -30%
Cash Flow From Operations (Rs. Lac) 68,729 10,841 1,73,780 69,181 64,903
Cogs (Rs. Lac) 3,04,406 1,75,536 4,55,740 5,15,924 3,51,757
Operating Expense Ratio 96.2 88.6 95.7 98.6 91.8
Profitability Ratios
Ebitda To Sales(%) 3.9% 12.2% 4.4% 1.4% 8.4%
Total Cost (Exc. Depn And Fc) To Sales 1 0.95 0.98 1 0.94
Sales \ Net Fixed Assets 0.43 0.24 0.78 42.2 43.6
Operating Profit Margin -16 -16.3 -14.9 1.2 8
Net Profit Margin -43.1 -40.1 -18 2 3.3
Gross Profit (Rs. Lac) 1,30,762 57,210 2,70,061 1,25,238 1,22,797
Gross Profit (%) 30.1% 24.6% 37.2% 19.5% 25.9%
Return On Assets(%) -10.9% -6% -9% 2.7% 3.9%
Return On Equity(%) 54.4% 36.9% 85.2% -38.7% -40%
Return On Capital Employed(%) -8% -4.4% -10.7% 4.4% 25.3%
Return On Investment (%) 15,20,700%
Growth Ratio
Revenue Growth (%) 92.7% -69.2% 12.6% 34.8% 31.8%
Profitability Growth (%) -107% 31.5% -1,128% -18.8% -25.9%


Section 186 Of Companies Act
60% Of Share Capital + Free Reserves + Securities Premium Account (Rs. Lac) -3,40,651% -2,42,429% -1,55,543% -37,934% -43,993%
100% Of Free Reserve + Security Premium (Rs. Lac) -3,54,006% -2,51,879% -1,64,993% -46,934% -52,993%

18 PROFIT AND LOSS STAND AS REP
Particulars FY22 FY21 FY20 FY19 FY18 FY17 FY16 FY15
Total Revenue 4,352 2,327 7,258 6,412 4,746 3,530 2,791 2,965
Revenue From Sale Of Services 4,184 2,172 7,052 6,262 4,107 3,143 2,760 2,947
Other Operating Revenues 538 382 143
Other Income 168 156 206 149 101 5.4 37.6 18.1
Service Tax Collected 149
Revenue From Operations 4,184 2,172 7,052 6,262 4,645 3,525 2,754 2,947
Total Expenses Excluding Depreciation And Finance Cost 4,187 2,055 6,946 6,322 4,358 3,112 2,571 2,769
Employee Benefit Expense 399 279 842 595 421 335 270 238
CSR Expenditure 1.7 1.4
Other Expenses 706 -3.9 1,510 562 419 2,775 2,299 2,531
Cost Of Materials Consumed 3,078 1,778 4,594 5,166 3,518
Changes In Inventories Of Finished Goods, Work-in-progress And Stock-in-trade -3.1 -0.68
Purchases Of Stock In Trade 7.3 2.3
EBITDA 164 273 312 89.3 388 419 220 195
Finance Costs 1,138 1,014 855 221 202 154 146 142
Depreciation Expense 21.4 21.5 19.3 16.1 13.2 9.8 9 9.1
Amortisation Expenses 813 597 1,342 1.9
Total Depreciation, Depletion And Amortisation Expense 834 619 1,361 16.1 15 9.8 9 9.1
Exceptional Items Before Tax 12.8 26.8 191 66.2 50.9 125
PBT -1,808 -1,347 -1,877 43.2 237 306 190 44.6
Total Tax Expense -476 -606 -80.2 84.8 101 40.1 16.9

18 PROFIT AND LOSS STAND AS REP
Current Tax 32.7 14.8 103 0.48 1.6 0.04
Deferred Tax -476 -639 -95 -17.8 100 38.5 16.9
Total Profit (loss) For Period -1,808 -870 -1,271 123 152 205 150 27.7

19 BALANCE SHEET STAND AS REP
Total Shareholder's Funds -3,323 -2,362 -1,493 -320 -380 39.8 -215 -366
Share Capital 223 158 158 150 150 150 100 100
Reserves And Surplus -3,545 -2,520 -1,651 -470 -530 -110 -315 -466
Total Non Current Liabilities 11,722 10,487 11,302 2,004 1,851 1,220 764 866
Other non-current financial liabilities 8,621 8,361 8,782 35.8 42.9
Long Term Provisions 1,476 1,214 1,299 848 754 9.8 7 5.9
Other Long Term Liabilities 1.3 1.7 0.75
Long Term Borrowings 1,625 912 1,221 1,121 1,054 1,209 755 860
Total Current Liabilities 8,118 6,341 4,270 2,874 2,468 2,046 2,552 1,891
Short Term Borrowings 1,888 1,628 560 698 740 749 851 951
Trade Payables 839 936 539 219 790 541 409 356
Other current Financial liabilities 3,488 2,696 2,282 852 186
Short Term Provisions 916 549 330 486 276 2.2 1.6 1.2
Other Current Liabilities 987 532 560 619 476 754 1,291 583
Total Equity And Liabilities 16,518 14,465 14,078 4,558 3,939 3,305 3,100 2,391
Total Non Current Assets 14,536 13,227 12,880 3,388 2,866 2,569 2,595 2,024
Tangible Assets 9,830 8,979 9,007 141 99.9 79 69.2 68.4
Intangible Assets 3.1 3.3 3.4
Other Intangible Assets 5.1 7.5 10.1 7.5 6.7
Tangible Assets Capital Work In Progress 1,446 1,567 985
Intangible Assets Under Development Or Work In Progress 0.35 0.54 0.37 0.13 0.05

19 BALANCE SHEET STAND AS REP
Non Current Investments 7.1 7.1 7.1 0.01 0.02 0.01 0.01 0.01
Long Term Loans And Advances 931 746 719
Other non current financial assets 1,089 725 795 823 502
Deferred Tax Assets (net) 1,728 1,728 1,253 646 422 110 210 248
Other Non Current Assets 1,876 1,781 1,807 1,770 1,835
Total Current Assets 1,982 1,238 1,198 1,171 1,073 736 504 368
Inventories 150 116 108 80.8 120 117 94.5 84.3
Current Loans 1.3
Trade Receivables 36.7 21.1 6.6 42.5 32.1 69 22.6 16.4
Cash And Bank Balances 365 44.9 112 187 126 7.3 5.4 8.6
Short Term Loans And Advances 542 381 255
Other current financial assets 824 600 807 492 616
Other Current Assets 605 456 164 368 178 1.8 0.65 3.3
Total Assets 16,518 14,465 14,078 4,558 3,939 3,305 3,100 2,391

20 CASH FLOW STAND AS REP
Profit Before Taxes -1,808 -1,347 -1,877 43.2 237 306 190 44.6
Profit before extraordinary items and tax 306 190 44.6
Net cash flows from (used in) operating activities 689 112 1,741 692 649 141 263 -5.9
Adjustments for finance costs 759 743 646 181 179 139 125
Adjustments for depreciation and amortisation expense 834 619 1,361 16.1 15 9.8 9 9.1
Adjustments for decrease (increase) in trade receivables, current -453 -68.6 -115 -269
Adjustments for increase (decrease) in trade payables, current 316 289 392 365
Adjustments for provisions, current 313 -155 51.1 241
Adjustments for interest income 69 84.6 78.2 97.8 66.1
Adjustments for unrealised foreign exchange losses gains 381 -291 857 -51.7 -1.6 19.6 -28 -16.4
Other adjustments for which cash effects are investing or financing cash flow 15.9
Other adjustments to reconcile profit (loss) 216 144 423 396 8.4 129
Other adjustments for non-cash items 64.6 -9
Adjustments for decrease (increase) in inventories -34.9 -7.6 -27.1 -22.4 -25.4 -22.2 -10.2 -6
Adjustments for decrease (increase) in trade receivables -341 -110 -278
Adjustments for increase (decrease) in trade payables 116 94.5
Adjustments for decrease (increase) in other current assets 1.9 20.9 -28.2 -53.7 2.6 -0.69 -0.04
Adjustments for increase (decrease) in other current liabilities 256 201 145 346 102
Interest received -3.2
Income taxes (paid) refund 23.5 -48.8 8.4 65.5 89.6 83.8 10.9 3
Net cash flows from (used in) investing activities -101 7.7 -64.3 -142 -16.2 170 -457 -319

20 CASH FLOW STAND AS REP
Interest received 9.6 25.4 4.3 3.1 2.4 2.2 3.2 5.5
Other inflows (outflows) of cash 177
Cash flows used in obtaining control of subsidiaries or other businesses 7.1
Purchase of property, plant and equipment 15.7 11.1 53.6 58.4 18.6
Purchase of other long-term assets 94.7 6.7 8 86.8
Proceeds from sales of tangible assets -461 0.01
Purchase of tangible assets 9.7 325
Net cash flows from (used in) financing activities -268 -187 -1,751 -382 -555 -306 191 311
Proceeds from issuing shares 846 97.5 50
Payments of lease liabilities 1,774 839
Proceeds from borrowings 996 790 -383 398 494
Repayments of borrowings 56.5 138 213 126
Interest paid 279 138 115 169 172 230 207 182
Other inflows (outflows) of cash -1,596
Net increase (decrease) in cash and cash equivalents 320 -67.5 -74.5 168 77.9 4.5 -3.9 -13.8
Cash and cash equivalents cash flow statement at end of period 365 44.9 112 187 123 6.6 2.1 6

21 Ratios Stand As Rep

Leverage Ratios
Current Liabilities / Net Worth -2.4 -2.7 -2.9 -9 -6.5
Fixed Assets / Net Worth -3 -3.8 -6 -0.46 -0.28
Gross Debt / Book Equity 15.8 16.1 11.3 12.1 12
Debt/Equity (Shareholder's Funds Basis) -1.1 -1.1 -1.2 -5.7 -4.7
Debt Service Coverage Ratio 0.04 0.08 0.12 0.04 0.19
Equity Ratio -0.20 -0.16 -0.11 -0.07 -0.10
Long-Term Debt / Equity -0.49 -0.39 -0.82 -3.5 -2.8
Short-Term Debt / Equity -0.57 -0.69 -0.37 -2.2 -2
Gross Debt / Ebitda 21.4 9.3 5.7 20.4 4.6
Net Debt / Book Equity 14.1 15.8 10.6 10.9 11.1
Net Debt / Ebitda 19.2 9.2 5.4 18.3 4.3
Interest Coverage Ratio -0.59 -0.34 -1.2 0.33 1.9
Average Interest % On Debt(%) 32.4% 39.9% 48% 12.2% 11.3%
Net Worth (Rs. Lac) -3,32,278 -2,36,230 -1,49,330 -31,957 -37,993
Liquidity Ratios
Current Ratio 0.24 0.20 0.28 0.41 0.43
Working Capital (Rs. Lac) -6,13,664 -5,10,249 -3,07,143 -1,70,294 -1,39,472
Cash Balance (Rs. Lac) 36,511 4,494 11,247 18,701 12,604
Cash To Sales (%) 8.7% 2.1% 1.6% 3% 2.7%
Days Of Sales Outstanding 3.2 3.6 0.34 2.5 2.5
Inventory Days 13.1 19.4 5.6 4.7 9.4
Days Inventory Outstanding (Cogs Basis) 17.8 23.7 8.6 5.7 12.4
Trade Payables (Creditors) (Rs. Lac) 83,901 93,591 53,887 21,897 78,961


Payable Days 73.2 157 27.9 12.8 62.1
Days Payable Outstanding (Cogs Basis) 99.4 192 42.8 15.5 81.9
Cash Conversion Cycle -56.9 -134 -22 -5.6 -50.1
Cash Days 30.2 7 5.6 10.5 9.6
Gross Current Asset Days 171 205 61.2 67.3 83.2
Net Working Capital As A % Of Sales(%) -147% -235% -43.6% -27.2% -30%
Cash Flow From Operations (Rs. Lac) 68,912 11,219 1,74,118 69,159 64,903
Cogs (Rs. Lac) 3,08,177 1,77,951 4,59,371 5,16,557 3,51,757
Operating Expense Ratio 96.2 88.3 95.7 98.6 91.8
Profitability Ratios
Ebitda To Sales(%) 3.9% 12.6% 4.4% 1.4% 8.4%
Total Cost (Exc. Depn And Fc) To Sales 1 0.95 0.98 1 0.94
Sales \ Net Fixed Assets 0.43 0.24 0.78 42.2 43.6
Operating Profit Margin -16 -15.9 -14.9 1.2 8
Net Profit Margin -43.2 -40.1 -18 2 3.3
Gross Profit (Rs. Lac) 1,26,991 54,796 2,66,419 1,24,601 1,22,797
Gross Profit (%) 29.2% 23.5% 36.7% 19.4% 25.9%
Return On Assets(%) -11% -6% -9% 2.7% 3.9%
Return On Equity(%) 54.4% 36.9% 85.1% -38.6% -40%
Return On Capital Employed(%) -8% -4.3% -10.7% 4.4% 25.3%
Return On Investment (%) -25,599% -12,378% -18,026% 12,33,300% 7,60,300%
Growth Ratio
Revenue Growth (%) 92.7% -69.2% 12.6% 34.8% 31.8%
Profitability Growth (%) -108% 31.5% -1,130% -18.9% -25.9%


Section 186 Of Companies Act
60% Of Share Capital + Free Reserves + Securities Premium Account (Rs. Lac) -3,41,181 -2,42,530 -1,55,630 -37,957 -43,993
100% Of Free Reserve + Security Premium (Rs. Lac) -3,54,536 -2,51,980 -1,65,080 -46,957 -52,993

24 Final Shareholding
Shareholder Designation FY22(%) FY21(%) FY20(%) FY22 - No Of Shares

GO INVESTMENTS & TRADING PRIVATE LIMITED Company 44 62.2 62.2 9,79,86,718
Baymanco Investments Limited 29.2 6,50,75,000
Nusli Neville Wadia Director 20.7 29.3 29.3 4,61,33,889
SEA WIND INVESTMENT AND TRADING COMPANY LIMITED Company 3.4 4.8 4.8 75,09,916
SAHARA INVESTMENTS PVT LTD Company 0.55 0.78 0.78 12,27,500
HEERA HOLDINGS AND LEASING PRIVATE LIMITED Company 0.55 0.78 0.78 12,27,500
NIDHIVAN INVESTMENTS AND TRADING COMPANY PVT LIMITED Company 0.55 0.78 0.78 12,27,400
Jehangir Wadia Managing Director(Past) 0.49 0.69 0.69 10,91,250
Ness Wadia Director 0.49 0.69 0.69 10,91,250
Abhay Desai Jtly. with Amala Desai 0.0005 0.001 0.001 1,070
Neena Ratilal Vadhelvala 0.0003 0.0005 0.0005 711
Manish Shah 0.0003 0.0004 0.0004 599

25 Shareholding Pattern
Particular Promoter No. of Shares Public No. of Shares Total No. of Shares Promoter Holding (%) Public Holding (%) Total Holding (%)

Individual/Hindu Undivided Family 4,83,16,389 4,507 4,83,20,896 21.7 21.7
(i) Indian 21,82,500 4,507 21,87,007 0.98 0.98
(ii) Non-resident Indian (NRI) 4,61,33,889 4,61,33,889 20.7 20.7
(iii) Foreign national (other than NRI)
Government
(i) Central Government
(ii) State Government
(iii) Government companies
Insurance companies
Banks
Financial institutions
Foreign institutional investors
26 Detailed
Shareholder Designation FY22(%) FY21(%) FY20(%) FY22 - No Of Shares

GO INVESTMENTS & TRADING PRIVATE LIMITED Company 44 62.2 62.2 9,79,86,718
Baymanco Investments Limited 29.2 6,50,75,000
Nusli Neville Wadia Director 20.7 29.3 29.3 4,61,33,889
SEA WIND INVESTMENT AND TRADING COMPANY LIMITED Company 3.4 4.8 4.8 75,09,916
SAHARA INVESTMENTS PVT LTD Company 0.55 0.78 0.78 12,27,500
HEERA HOLDINGS AND LEASING PRIVATE LIMITED Company 0.55 0.78 0.78 12,27,500
NIDHIVAN INVESTMENTS AND TRADING COMPANY PVT LIMITED Company 0.55 0.78 0.78 12,27,400
Jehangir Wadia Managing Director(Past) 0.49 0.69 0.69 10,91,250
Ness Wadia Director 0.49 0.69 0.69 10,91,250
Abhay Desai Jtly. with Amala Desai 0.0005 0.001 0.001 1,070
Neena Ratilal Vadhelvala 0.0003 0.0005 0.0005 711
Manish Shah 0.0003 0.0004 0.0004 599

27 Directors Share
Director DIN Designation Shareholding (%) No. of Equity shares held Date of Cessation

Mr. MANISH SEHGAL AANPS5835N Company Secretary
Mr. PANKAJ MAHESH CHATURVEDI ADWPC0029N Chief Financial Officer 10 Apr 2022
Mr. KAUSHIK KHONA ABQPK8317D Chief Executive Officer
Ms. TANYA DUBASH 00026028 Director
Mr. BEN BASIL BALDANZA 08350153 Director
Mr. VARUN BERRY 05208062 Director 15 Jun 2022
Mr. YASHWANT SHANKARRAO PATIL THORAT 00135258 Director
Mr. VINESH KUMAR JAIRATH 00391684 Director
Mr. KEKI MANCHERSHA ELAVIA 00003940 Director
Dr. VIJAY LAXMAN KELKAR 00011991 Director
Mr. NESS NUSLI WADIA 00036049 Director 0.49 10,91,250
Mr. NUSLI NEVILLE WADIA 00015731 Director 20.73 4,61,33,889

28 Stakeholders
Particular At the beginning of the year At the end of the year

Promoters 11 11
Members (other than promoters) 19 19
Debenture holders
29 Capital Structure
Particular Authorised Capital Issued Capital Paid Up Capital Subscribed Capital FY

Equity Shares FY22
No. of Shares 45,00,00,000 22,25,75,000 22,25,75,000 22,25,75,000 FY22
Nominal value per share (Rs.) 10 10 10 10 FY22
Equity Share Capital (Rs.) 4,50,00,00,000 2,22,57,50,000 2,22,57,50,000 2,22,57,50,000 FY22
FY22
Number of classes FY22
30 Change in Equity
Particular No. of Shares Total Nominal Amount (Rs.) Total Paid Up Amount (Rs.) Total Premium (Rs.)

Equity Share Capital At the beginning of the year 15,75,00,000 1,57,50,00,000 1,57,50,00,000
Increase in Equity Share Capital during the year 6,50,75,070 65,07,50,700 65,07,50,700 7,80,90,00,000
Pubic Issues
Rights issue
Bonus issue
Private Placement/ Preferential allotment 6,50,75,000 65,07,50,000 65,07,50,000 7,80,90,00,000
ESOPs
Sweat Equity shares alloted
Conversion of Preference share
Conversion of Debentures
GDRs/ADRs
Others, specify 70 700 700

31 FII
Name No. of Shares Held % Shares Country Date of Incorporation Address

32 Unclassified Capital
Category
No Data Found
33 Pref. Shares Overview
Category
No Data Found
34 Change in Pref.
Category
No Data Found
35 Pref. Capital Structure
Particular Authorised Capital Issued Capital Subscribed Capital Paid Up Capital

(1) No. of Shares 5,00,00,000
Nominal value per share (Rs.) 10 10 10 10
Preference Share Capital (Rs.) 50,00,00,000
36 Related Entity Statistics
Company Name Linkages Credit Rating Agency Open Charges FY Revenue(Rs.Cr.) Gross Debt(Rs.Cr.)

Go Investments & Trading Private Limited By Directors, Parent, Transactions 4,239 FY22 205 6.7
The Bombay Dyeing And Manufacturing Company Limited By Directors, Major Investor, Transactions BBB CARE 3,850 FY22 2,106 4,442
Britannia Industries Ltd By Directors, Transactions AAA ICRA FY22 14,359 2,510
The Bombay Burmah Trading Corporation Limited By Directors, Transactions AA- CARE 615 FY22 14,911 5,903
Virtual Education Network Private Limited By Directors, Transactions
Goground Aviation Services Private Limited Email, Subsidiary, Transactions FY19 6.4
Boyztoyz Trading Company Private Limited Email, Transactions
C Enfants Retail Private Limited Email, Transactions
Go Airways Private Limited Email, Transactions FY19
Go Cargo Private Limited Email, Transactions
Go Engineering Private Limited Email, Transactions
Integrated Clinical Research Sciences Private Limited Email, Transactions FY19

37 Related Companies
Type Company (Rs. Crore) % Share Industry Sector Year Revenue PAT

Subsidiary Go Airlines (Singapore) Pte. Ltd 81.3
Subsidiary GOGROUND AVIATION SERVICES PRIVATE LIMITED 99.9 Retail Other Retail FY19 6.4 0.22

38 Board Composition
Particular Exec. Dirs at the beginning Exec. Dirs at the end Non Exec. Dirs at the beginning Non Exec. Dirs at the end Shares (%) held by Exec. Dirs at the end

Promoter
Promoter 2 2
Non-Promoter
Non-Independent Director 1 1
Independent Director 7 6
Total Non-Promoter 8 7
Nominee Directors Representing
Banks and FIs
Investing institutions
Government
Small share holders
Others
39 Board Remuneration
Name Designation Gross Salary Commission Stock Option/Sweat Equity Others Total Amount

MD, WTD & Manager
CEO, CFO & Co. Secy.
Mr. Kaushik Khona CEO 2,31,76,991 2,31,76,991
Mr. Manish Sehgal Company Secretary 9,72,024 9,72,024
Mr. Niranjan Karde Company Secretary 10,97,776 10,97,776
Mr. Pankaj Chaturvedi CFO 96,57,952 96,57,952
Other Directors
40 Key Managerial Changes
Name Designation Date of Appointment/ Change in Designation/ Cessation Nature of change

Mr. MANISH SEHGAL Company Secretary 22 Nov 2021 Appointment
Mr. NIRANJAN KARDE Company Secretary 22 Nov 2021 Cessation
Mr. APURVA SHISHIR DIWANJI Director 01 Jun 2021 Cessation

41 Signatories
Particular Details
DIN of the Director 00036049
Membership number of the Secretary 7102
Date of Declaration 14 May 2019
Resolution Number for approving the annual return 24e
Certificate of practice number of the Secretary
42 Company Secretary Details
Particular Details
Secretary Details in Compliance with Sub section 2 of Section 92
Name SHALINI MOHAN BHAT
Whether associate or fellow Fellow
Certificate of practice number 6994
43 Statutory Meeting
Type of meeting Date of meeting Members entitled to attend meeting Directors who attended the Meeting Members who attended the meeting %
Extra Ordinary General Meeting 07 Feb 2022 30 10 54.74
Extra Ordinary General Meeting 03 Nov 2021 31 9 54.74
Annual General Meeting 30 Sep 2021 31 10 54.74

44 Board Attendance
Director Name Committee Meetings Director was entitled to attend Committee Meetings Attended Committee Meeting Attended (%) Board Meetings Director was entitled to attend Board Meetings Attended Board Meeting Attended (%)

Mr. NUSLI NEVILLE WADIA 12 7 58.3 7 7 100
Mr. NESS NUSLI WADIA 15 9 60 7 7 100
Dr. VIJAY LAXMAN KELKAR 20 14 70 7 5 71.4
Mr. KEKI MANCHERSHA ELAVIA 9 8 88.9 7 7 100
Mr. VINESH KUMAR JAIRATH 20 19 95 7 7 100
Mr. YASHWANT SHANKARRAO PATIL THORAT 12 9 75 7 5 71.4
Mr. VARUN BERRY 14 9 64.3 7 5 71.4
Mr. BEN BASIL BALDANZA 7 5 71.4 7 7 100
Ms. TANYA DUBASH 7 3 42.9
45 Board Meeting
Date of meeting Total No. of Directors as on the date of meeting Directors who attended the meeting Directors Present in the meeting as % of Total Directors

23 Mar 2022 9 6 66.7
31 Jan 2022 9 7 77.8
17 Nov 2021 9 8 88.9
29 Oct 2021 9 9 100
30 Aug 2021 9 9 100
13 May 2021 10 7 70
28 Apr 2021 10 8 80
46 Committee Meeting
Type of Meeting Date of Meeting Total No. of Directors as on the Date of Meeting Directors who attended the Meeting Directors Present in the meeting as % of Total Directors

Nomination and Remuneration Committee Meeting 30 Aug 2021 5 5 100
Audit Committee Meeting 23 Mar 2022 5 3 60
Audit Committee Meeting 31 Jan 2022 5 4 80
Audit Committee Meeting 13 Jan 2022 5 4 80
Audit Committee Meeting 17 Nov 2021 5 5 100
Audit Committee Meeting 28 Oct 2021 5 3 60
Audit Committee Meeting 01 Oct 2021 5 4 80
Audit Committee Meeting 30 Aug 2021 5 5 100
Audit Committee Meeting 02 Jul 2021 5 4 80
Audit Committee Meeting 28 Apr 2021 6 5 83.3

47 Debentures
Category
No Data Found
48 Indebtedness
Category
No Data Found
49 Compliance
Particular Yes/No
Whether the company has made compliances and disclosures in respect of applicable provisions of the Companies Act, 2013 during the year YES
Whether complete list of shareholders, debenture holders has been enclosed as an attachment YES
50 Regulatory Actions
Name of the Company/ Directors/ Officers Court/Concerned Authority Order Date Act & section under which offence committed Date of punishment/Penalty Details of appeal (if any) incl. present status

51 Compounding Offences
Name of the Company/ Directors/ Officers Court/Concerned Authority Order Date Act & section under which offence committed Offence Details Amount of compounding (Rs.)

52 Performance
Turnover (Rs.) Net Worth(Rs.)
41,83,76,53,687 -33,22,79,07,353
53 Business Activity
Main Activity Business Activity % of Turnover of the Company

Transport and storage Air transport 83.8
54 Company Classification
Particular Details
Company Type Public
Company Category Company listed by Shares
Sub Category Non Government Company
55 Other Disclosures
Particular Details FY
Date of Incorporation 29 Apr 2004 FY22
CIN U63013DL2004PLC217305 FY22
PAN AACCG2599K FY22
Global Location Number (GLN) FY22
Whether company is having share capital YES FY22
Registered Address C/O, BRITANIA INDUSTRIES LIMITED, A-33, LAWRENCE ROAD INDUSTRIAL AREA, NEW DELHI Delhi 110035 India FY22
Whether shares listed on recognized Stock Exchange(s NO FY22
Stock Exchange Name 1 FY22
Stock Exchange Code 1 FY22
Stock Exchange Code 2 FY22
56 Auditors
Auditor No Parameter 2022 2021 2020 2019 2018 2017

1 Auditor M S K A & Associates MSKA & Associates Walker Chandiok & Co LLP Bansi S. Mehta & Co. "KALYANIWALLA & MISTRY LLP" KALYANIWALLA & MISTRY LLP
1 Auditor PAN AACFK3470E AACFK3470E AAAFW4298E AAAFB6405G AAAFK7554R AAAFK7554R
1 Auditor Membership No 035646
"602, Floor 6, Raheja Titanium, Western Express 602, Floor 6, Raheja Titanium, Western Express
16th Floor, Tower II, Indiabulls Finance Centre, SB Marg, 11/13, Botawala Building, Horniman Circle, Mumbai - "KALPATARUHERITAGE ,127MAHATMAGANDHI KALPATARUHERITAGE ,127MAHATMAGANDHI
1 Address Highway, Geetanjali Railway Colony, Ram Nagar, Highway, Geetanjali Railway Colony, Ram Nagar,
Elphinstone (W), Mumbai - 400013 400001 ROADMUMBAI 400001INDIA" ROADMUMBAI 400001INDIA
Goregaon ( E ) , Mumbai-400063" Goregaon (E), Mumbai-400063
1 Member signing for the Audit firm Srividya Vaidison Srividya Vaidison PANTHAKY KHUSHROO BAHADURSHAW Paresh Harikant Clerk FARHAD MARZBAN BHESANIA IRANI ERMIN KEKI
1 Membership No 207132 207132 042423 036148 127355 035646

57 Related Audit Companies
Company Paid Up capital(in Rs.Lac) Common Directors HighRisk Auditor Name

MAHARASHTRA STATE ELECTRICITY DISTRIBUTION COMPANY LIMITED 48,27,398.5 No No KALYANIWALLA & MISTRY
BHARAT SANCHAR NIGAM LIMITED 38,88,644.0 No No Walker Chandiok & Co LLP
PIRAMAL CAPITAL & HOUSING FINANCE LIMITED 21,36,469.2 No Yes Walker Chandiok & Co LLP
TATA STEEL BSL LIMITED 19,91,868.8 No Yes Walker Chandiok & Co LLP
CARAF BUILDERS & CONSTRUCTIONS PRIVATE LIMITED 7,56,207.5 No No Walker Chandiok & Co LLP
HINDUSTAN COCA COLA HOLDINGS PRIVATE LIMITED 6,64,974.3 No No MSKA & Associates
IDFC FIRST BANK LIMITED 6,61,812.2 No No MSKA & Associates
DLF HOME DEVELOPERS LIMITED 6,39,467.1 No No Walker Chandiok & Co LLP
HIGHTOWN CONSTRUCTIONS PRIVATE LIMITED 6,36,532.4 No No MSKA & Associates
DLF ASSETS LIMITED 5,83,200.1 No No Walker Chandiok & Co LLP
RENAULT NISSAN AUTOMOTIVE INDIA PRIVATE LIMITED 5,77,319.4 No No MSKA & Associates
RATTANINDIA POWER LIMITED 5,37,010.6 No No Walker Chandiok & Co LLP

58 Auditors Comment
Name FY22 FY21 FY20 FY19 FY18 FY17 FY16

xiii. According to the information and "According to the information and explanations
xiii. According to the information and xiii. According to the information and xiii. According to the information and
explanations given to us and based on our The Company has entered into transactions with given to us and based on our examination of the
explanations given to us and based on our explanations given to us and based on our explanations given to us and based on
examination of the records of the Company, related parties in compliance with the provisions In our opinion all transactions with the related records of the Company, transactions with the
examination of the records of the Company, examination of the records of the Company, ourexamination of the records of the Company,
transactions with the related parties are in of section 177 and section 188 of the Act. The parties are in compliance with Sections 177 and related parties are in compliance with the
transactions with related parties are in transactions with related parties are in transactions with related parties are
compliance with sections 177 and 188 of the Act, requisite details of such related party 188 of Act, where applicable, and the requisite provisions of Sections 177 and 188 of the Act,
Transactions with related parties compliance with sections 177 and 188 of the Act, compliance with sections 177 and 188 of the Act, incompliance with sections 177 and 188 of the
where applicable and details of such transactions have been disclosed in the s to the details have been disclosed in the financial where applicable, and details of such
where applicable, and details of such where applicable, and details of such Act, where applicable, and details of
transactions have been disclosed in the Standalone Financial Statements as required statements etc., as required by the applicable transactions have been disclosed in the
transactions have been disclosed in the financial transactions have been disclosed in the financial suchtransactions have been disclosed in the
Standalone Financial Statements as required under Indian Accounting Standards (Ind AS) 24, Ind AS. ... standalone Ind AS financial statements as
statements as required by the applicable statements as required by the applicable financial statements as required by
under Indian Accounting Standards (Ind AS) 24, Related Party Disclosure. ... required by the applicable accounting standards"
accounting standards. ... accounting standards. ... theapplicable accounting standards. ...
Related Party Disclosure. ... ...
iii. In our opinion and according to the
information and explanations given to us, the
iv. In our opinion and according to the information iv. In our opinion and according to the information
Company has not either directly or indirectly,
and explanations given to us and the records and explanations given to us and the records
granted any loan to any of its directors or to any
examined by us, the Company has not advanced examined by us, the Company has not advanced
other person in whom the director is interested,
Compliance with section 185 and 186 of any loans or made any investments or provided any loans or made any investments or provided
in accordance with the provisions of section 185
companies act, 2013 any guarantees or security to the parties covered any guarantees or security to the parties covered
of the Act and the Company has not made
under Section 185 and 186. Therefore, the under Section 185 and 186. Therefore, the
investments through more than two layers of
provisions of Clause 3 (iv) of the Order are not provisions of Clause 3 (iv) of the Order are not
investment companies in accordance with the
applicable to the Company. ... applicable to the Company. ...
provisions of section 186 of the Act. Accordingly,
provisions stated in paragraph 3(iv) o ...
According to the information explanation According to the information and explanations
provided to us, the Company has not made any given to us, The Company has not granted The Company has not granted any loan, secured The Company has not granted any loans, iii. The Company has not granted any loans, iii. The Company has not granted any loans,
investments in, provided any guarantee or loans, secured or unsecured to a Companies, or unsecured to companies, firms, Limited secured or unsecured, to companies, firms, secured or unsecured, to companies, firms, secured or unsecured, to companies, firms,
security or granted any loans or advances in the firms, Limited Liability Partnerships (LLPs) or Liability Partnerships (LLPs) or other parties limited liability partnerships or other parties limited liability partnerships or other parties limited liability partnerships or other parties
Disclosure in auditors report relating to loans nature of loans, secured or unsecured, to other parties covered in the register maintained covered in the register maintained under Section covered in the register maintained under Section covered in the register maintained under section covered in the register maintained under section
companies, firms, Limited Liability Partnerships under section 189 of the Companies Act,2013. 189 of the Act. Accordingly, the provisions of 189 of the Act. Therefore, reporting requirements 189 of the Act. Therefore, the provisions of sub 189 of the Act. Therefore, the provisions of sub
or any other parties. Hence, the requirements Accordingly, the provisions of clauses 3(iii)(a), clauses 3(iii)(a), 3(iii)(b) and 3(iii)(c) of the Order as per the provisions of Clause 3(iii) (a) to (c) of clause (a), (b) and (c) of paragraph 3(iii) of the clause (a), (b) and (c) of paragraph 3(iii) of the
under paragraph 3(iii) of the Order are not 3(iii)(b) and 3(iii)(c) of the order are not are not applicable. ... the Order are not applicable to the Company ... Order are not applicable. ... Order are not applicable. ...
applicable to the Company. ... applicable and hence not commented upon. ...
The Company does not have any immovable
The Company does not have immovable property
property. Accordingly, sub clause (c) of
Title deeds of immovable properties and hence the provisions of sub clause (c) of
paragraph 3(i) of the Order is not applicable to
paragraph 3(i) of the Order are not applicable. ...
the Company ...
59 CARO
CARO Disclosures noformat 2021-22 noformat 2020-21 noformat 2019-20 noformat 2018-19 noformat 2017-18 noformat 2016-17 noformat 2015-16 noformat

Whether Companies Auditors Report Order Is Applicable On Company Yes Yes Yes Yes Yes Yes 1
Key Disclosures
Fraud By The Company NA Favourable Favourable Favourable Favourable Favourable Favourable
Default In Repayment Of Financial Dues Favourable Favourable Favourable Favourable Favourable Favourable Favourable
Auditor's Qualification(S), Reservation(S) Or Adverse Remark(S) In Auditors' Report
Report Relating To Statutory Dues Favourable Favourable Favourable Favourable
Fixed Assets
Report Relating To Fixed Assets Favourable Favourable Favourable Favourable Favourable Favourable Favourable
Quantitative Details Of Fixed Assets Favourable Favourable Favourable Favourable Favourable
Physical Verification Of Fixed Assets Favourable Favourable Favourable Favourable Favourable
Loans Granted
Loans Granted To Parties Covered Under Section 189 Of Companies Act NA NA Favourable
60 Open Charge
Charge Holder Charge Amount(Rs Cr) Date of Creation Date of Modification Assets under charge Charge Id Address

Central Bank of India, Corporate Finance Branch1st floor, MMO Building, M. G. Road,
central bank of india 511 10 Apr 2023 100701887
Fort,MumbaiMumbaiMH400001IN
idbi bank limited 11.3 27 Mar 2023 100704876 8th Floor IDBI Towers World Trade CentreComplex Cuffee Parade Colaba MumbaiMumbaiMumbaiMH400005IN
idbi bank limited 9.4 27 Mar 2023 100705744 8th Floor IDBI Towers World Trade CentreComplex Cuffee Parade Colaba MumbaiMumbaiMumbaiMH400005IN

Bank of Baroda, Corporate Financial Services Branch3rd floor, 10/12 Mumbai Samachar
bank of baroda 245 21 Mar 2023 100689774
MargMumbaiMumbaiMH400001IN
central bank of india 245 20 Mar 2023 100688895
central bank of india 589 10 Mar 2023 100686287
bank of baroda 295 20 Dec 2022 100653382
central bank of india 294 14 Nov 2022 100630282
idbi bank limited 3.8 14 Sep 2022 100614450 8th Floor IDBI Towers World Trade CentreComplex Cuffee Parade Colaba MumbaiMumbaiMumbaiMH400005IN
central bank of india 200 08 Sep 2022 100605850
bank of baroda 98.2 06 Sep 2022 100606147
central bank of india 98 07 Jul 2022 100590925 Corporate Finance Branch, Fort,1st Floor, MMO Building, M.G.Road, Fort,MumbaiMH400001IN
61 INDEX OF CHARGES
Charge Holder Charge Amount Date Of Creation Date Of Modification Date Of Satisfaction Status Assets Under Charge Charge Id Address

Central Bank Of India, Corporate Finance Branch1st Floor, MMO Building, M. G. Road,
Central Bank Of India 511 10 Apr 2023 Open 100701887
8th Floor IDBI Towers World Trade CentreComplex Cuffee Parade Colaba
Idbi Bank Limited 11.3 27 Mar 2023 Open 100704876
MumbaiMumbaiMumbaiMH400005IN
Idbi Bank Limited 9.4 27 Mar 2023 Open 100705744
Bank Of Baroda, Corporate Financial Services Branch3rd Floor, 10/12 Mumbai Samachar
Bank Of Baroda 245 21 Mar 2023 Open 100689774
Central Bank Of India 245 20 Mar 2023 Open 100688895
Central Bank Of India 589 10 Mar 2023 Open 100686287
Bank Of Baroda 295 20 Dec 2022 Open 100653382
Central Bank Of India 294 14 Nov 2022 Open 100630282
Idbi Bank Limited 3.8 14 Sep 2022 Open 100614450
Central Bank Of India 200 08 Sep 2022 Open 100605850
Bank Of Baroda 98.2 06 Sep 2022 Open 100606147
Central Bank Of India 98 07 Jul 2022 Open 100590925 Corporate Finance Branch, Fort,1st Floor, MMO Building, M.G.Road, Fort,MumbaiMH400001IN
Central Bank Of India 106 16 Jun 2022 Open 100588531 Corporate Finance Branch,M. G. Road, Fort,MumbaiMH400001IN
Bank Of Baroda 31.6 30 Mar 2022 Open 100561072 10/12, 3rd Floor, Mumbai Samachar Marg,Fort, Mumbai 400001MumbaiMH400001IN
Central Bank Of India 73.9 23 Mar 2022 Open 100553444 Corporate Finance Branch, Fort,1st Floor, MMO Building, M.G.Road, Fort,MumbaiMH400001IN

62 INDEX OF CHARGES

Idbi Bank Limited 4.8 24 Jan 2022 Open 100532928 IDBI Tower, World Trade Complex, Cuffe Parade,MumbaiMumbaiMH400005IN
Central Bank Of India 94.5 13 Jan 2022 Open 100526508 Corporate Finance Branch,M. G. Road, Fort,MumbaiMH400001IN
Central Bank Of India 64.1 30 Sep 2021 Open 100520183 Corporate Finance Branch, Fort,1st Floor, MMO Building, M.G.Road, Fort,MUMBAIMH400001IN
Central Bank Of India 25.7 18 Feb 2021 Open 100416434 Corporate Finance Branch, Fort,1st Floor, MMO Building, M.G.Road, Fort,MumbaiMH400001IN
Central Bank Of India 2,750 13 Sep 2017 06 Oct 2021 Open 100124993 Corporate Finance Branch,M. G. Road, Fort,MumbaiMH400001IN
Jm Financial Products Limited 150 10 Aug 2017 20 Feb 2020 Closed 100139939 7th Floor, Cnergy, Appasaheb Marathe MargPrabhadeviMumbaiMH400025IN

Corporate Financial Services Branch, 3rd Floor,10/12 Mumbai Samachar Marg,
Bank Of Baroda 1,000 19 Jun 2017 05 Sep 2018 Open 100109555
Fort,MumbaiDL110019IN
Bnp Paribas 50 13 Feb 2017 11 May 2017 18 Jan 2023 Closed 100082431 25, Barakhamba Road8th Floor. Sood Towers (East Tower)New DelhiMH400605IN
Jm Financial Credit Solutions Limited 150 29 Nov 2016 11 Sep 2017 Closed 100068055 7th Floor, Cnergy, Appasaheb Marathe Marg,PrabhadeviMUMBAIMa400025IN
Kotak Mahindra Prime Limited 0.22 11 Sep 2015 23 Jan 2023 Closed 10625187 27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMH400051IN
Jm Financial Products Limited 150 28 Aug 2015 29 Aug 2016 29 Aug 2017 Closed 10596748 7th Floor, Cnergy, Appasaheb Marathe MargPrabhadeviMumbaiMa400025IN
Tata Asset Management Private Limited 0.11 14 Apr 2011 12 Sep 2016 Closed 10284383 ONE FORBESDR V B GANDHI MARG,FORTMUMBAIMH400001IN

63 INDEX OF CHARGES


64 INDEX OF CHARGES

Jammu And Kashmir Bank Limited 75 18 Jan 2011 21 May 2011 10 Apr 2013 Closed 10269926 MAHAKALI CAVES ROADANDHERI (EAST)MUMBAIMH400093IN
Idbi Bank Limited 50 15 Jul 2010 Open 10237093 224-A, MITTAL COURT,A-WING, NARIMAN POINTMUMBAIMH400021IN

CORPORATE FINANCE BRANCH, 1ST FLOORMMO BUILDING, MG ROAD,
Central Bank Of India 1,200 11 Sep 2009 05 Feb 2013 Open 10179803
FORTMUMBAIMH400023IN
Central Bank Of India 1,322 13 Aug 2009 09 Oct 2013 Open 10172476 Corporate Finance Branch, 1st Floor, MMO Building,M.G. Road, Fort,MumbaiMH400023IN
Axis Bank Limited 30 21 Jun 2006 06 Jun 2020 Open 10163461 No. 12, 'Mittal Towers' A -Wing - First FloorNariman PointMumbaiMH400021IN
Axis Bank Limited 25 21 Jun 2006 07 Jul 2007 28 Jan 2009 Closed 10008270 Royal Accord IV,Lokhandwala Complex, Andheri (W)MumbaiMH400053IN
Icici Bank Limited 2.5 20 Jan 2006 24 Aug 2009 Closed 90387787 BANDRA KURLA COMPLEXBANDRA EASTMUMBAIMHIN
State Bank Of Patiala 7.5 01 Dec 2005 25 Jun 2009 15 May 2010 Closed 80054831 ATLANTA, 1ST FLOOR, JAMNA LAL BAJAJ MARG,NARIMAN POINT,MUMBAIMH400021IN

65 ALL CHARGE DATA
Charge
Charge Is Number Of
Date Charge Particulars Acquired Acquired Date Of Acquired
Amount Creation Or Extent Of Number Of Present Created Acquired Title Borrowers
Creation / Charge Charge Nature Of The Lead Rate Of Terms Of Of Property Consortium Joint Chargeholder Type Of Chargeholder Chargeholder Property Property Acquisition Property Branch
Secured Modification Or Charge On Margin Charge Others Charge Modification Or Property Documents A / C
Modification / Holder ID Instrument Bank Interest Repayment Or Assets Finance Charge Category Charge CIN PAN Charge Charge Of The Charge Code
In (Rs. Satisfaction Operation Holder(S) Details Modified Details Deposited By Number
Satisfaction Charged Date Description Property Amount
Crore) Outside Customer
India
In ( In
Agreement Of Consideration Consideration
Hypothecation Of The Bank Of The Bank
Dated July 7, Having Having
2022 Between Granted Granted
The Company 48 EMI After And/Or And/Or
And Central Moratorium Agreed To Agreed To
Bank Of India Period Of Grant To The Grant To The
For Providing Twenty Four Borrower All Borrower All
1 Year
Banking Months After Or Some Or Or Some Or
,,,Book MCLR + 1
Facilities By First Any Of The Any Of The
Central Debts,Movable % Subject
Way Of Disbursement. Aforesaid Aforesaid
07 Jul 2022 98 Bank Of Creation Property (Not To A Nil NO NO 1 AAACC2498P 0283007
Working Interest During Credit Credit
India Being Maximum
Capital Term Moratorium Facilities For Facilities For
Pledge),,,,,,,, Cap Of
Loan Under Period To Be The Purposes The Purposes
9.25%
Cent Serviced As And Subject And Subject
Emergency And When To The Terms To The Terms
Credit Line Debited To The And And
Guarantee Account. Conditions Conditions
Scheme(3.0) Specified And Specified And
And Such Contained In Contained In
Other Facilities The Various The Various
As May ... Deeds, Deeds,
Documents... Documen...
66 CHARGE HISTORY
Date Charge
Creation /
Charge Amount Secured In (Rs. Crore) Charge Holder Charge ID Creation Or Modification Or Satisfaction
Modification /
Satisfaction
07 Jul 2022 98 Central Bank Of India Creation
16 Jun 2022 105.5 Central Bank Of India Creation
30 Mar 2022 31.6 Bank Of Baroda Creation
23 Mar 2022 73.9 Central Bank Of India Creation
24 Jan 2022 4.8 IDBI Bank Limited Creation
13 Jan 2022 94.5 Central Bank Of India Creation
06 Oct 2021 2750 CENTRAL BANK OF INDIA 100124993 Modification
30 Sep 2021 64.05 CENTRAL BANK OF INDIA Creation
17 Aug 2021 2835 CENTRAL BANK OF INDIA 100124993 Modification
20 Jul 2021 2835 CENTRAL BANK OF INDIA 100124993 Modification
18 Feb 2021 25.65 CENTRAL BANK OF INDIA Creation
06 Jun 2020 30 Axis Bank Limited 10163461 Modification
20 Feb 2020 150 Others 100139939 Satisfied
19 Dec 2019 2835 CENTRAL BANK OF INDIA 100124993 Modification
09 May 2019 2835 CENTRAL BANK OF INDIA 100124993 Modification
16 Apr 2019 2835 CENTRAL BANK OF INDIA 100124993 Modification

67 CHARGE HISTORY
Date Charge
Creation /
Modification /
Satisfaction
05 Sep 2018 1000 Bank Of Baroda 100109555 Modification
03 Sep 2018 1000 Bank Of Baroda 100109555 Modification
13 Sep 2017 2050 CENTRAL BANK OF INDIA Creation
29 Aug 2017 150 Others 10596748 Satisfied
10 Aug 2017 150 JM FINANCIAL PRODUCTS LIMITED Creation
06 Jul 2017 500 Bank Of Baroda 100109555 Modification
19 Jun 2017 500 Bank Of Baroda Creation
11 May 2017 50 BNP PARIBAS 100082431 Modification
13 Apr 2017 50 BNP PARIBAS 100082431 Modification
13 Feb 2017 50 BNP PARIBAS Creation
29 Nov 2016 150 JM FINANCIAL CREDIT SOLUTIONS LIMITED Creation
12 Sep 2016 0.10864 TATA CAPITAL LIMITED 10284391 Satisfied

68 CHARGE HISTORY
Date Charge
Creation /
Modification /
Satisfaction
29 Aug 2016 150 JM FINANCIAL PRODUCTS LIMITED 10596748 Modification
11 Sep 2015 0.222679 KOTAK MAHINDRA PRIME LIMITED Creation

69 CHARGE HISTORY
Date Charge
Creation /
Modification /
Satisfaction
28 Aug 2015 150 JM FINANCIAL PRODUCTS LIMITED Creation
09 Oct 2013 1322 CENTRAL BANK OF INDIA 10172476 Modification
10 Apr 2013 75 JAMMU & KASHMIR BANK LIMITED 10269926 Satisfied
22 Jan 2013 1200 CENTRAL BANK OF INDIA 10172476 Modification
06 Jul 2011 900 CENTRAL BANK OF INDIA 10172476 Modification
21 May 2011 75 JAMMU & KASHMIR BANK LIMITED 10269926 Modification
21 May 2011 75 JAMMU & KASHMIR BANK LIMITED 10269926 Modification
14 Apr 2011 0.10864 TATA CAPITAL LIMITED Creation

70 CHARGE HISTORY
Date Charge
Creation /
Modification /
Satisfaction
07 Mar 2011 700 CENTRAL BANK OF INDIA 10172476 Modification
04 Mar 2011 30 AXIS BANK LIMITED 10163461 Modification
22 Feb 2011 75 JAMMU & KASHMIR BANK LIMITED 10269926 Modification
18 Jan 2011 75 JAMMU & KASHMIR BANK LIMITED Creation

71 CHARGE HISTORY
Date Charge
Creation /
Modification /
Satisfaction
15 Jul 2010 50 IDBI Bank Limited Creation
15 May 2010 7.5 80054831 Satisfied
03 Apr 2010 500 CENTRAL BANK OF INDIA 10172476 Modification
20 Feb 2010 55 Axis Bank Limited 10163461 Modification
20 Feb 2010 55 Axis Bank Limited 10163461 Modification
02 Feb 2010 30 AXIS BANK LIMITED 10163461 Modification
24 Aug 2009 25 90387787 Satisfied
13 Aug 2009 400 CENTRAL BANK OF INDIA Creation
13 Aug 2009 400 CENTRAL BANK OF INDIA Creation
25 Jun 2009 7.5 STATE BANK OF PATIALA 80054831 Modification
25 Jun 2009 7.5 STATE BANK OF PATIALA 80054831 Modification
28 Jan 2009 25 10008270 Satisfied

72 CHARGE HISTORY
Date Charge
Creation /
Modification /
Satisfaction
07 Jul 2007 25 Axis Bank Limited 10008270 Modification
07 Jul 2007 25 Axis Bank Limited 10008270 Modification
21 Jun 2006 30 AXIS BANK LIMITED Creation
21 Jun 2006 30 AXIS BANK LIMITED Creation
21 Jun 2006 30 UTI BANK LTD Creation
30 UTI BANK LTD Creation
73 Credit Rating Likely
Rating Date Agency Instrument Category Instrument Detail Amount (INR) Rating Development Outlook

04 May 2023 BRICKWORK Long Term FB 1,418.33 Crore D Downgrade, INC
04 May 2023 BRICKWORK Short Term NFB 1,500 Crore D Downgrade, INC
23 Jan 2023 BRICKWORK Long Term Fund Based 1,448.33 Crore BB- Downgrade, INC Stable
23 Jan 2023 BRICKWORK Short Term Non Fund Based 1,500 Crore A4 Reaffirm, INC
19 Jan 2023 ACUITE Long Term SecuredOverdraft 843.02 Crore BBB+ Downgrade Negative
19 Jan 2023 ACUITE Long Term TermLoan 5 Crore BBB+ Downgrade Negative
19 Jan 2023 ACUITE Long Term Proposed BankFacility 650 Crore BBB+ Downgrade Negative
19 Jan 2023 ACUITE Short Term Proposed BankFacility 450 Crore A2+ Downgrade
19 Jan 2023 ACUITE Short Term Letter of Credit 1,200 Crore A2+ Downgrade
11 Oct 2022 ACUITE Long Term Proposed Bank Facility 650 Crore A- Assign Negative
11 Oct 2022 ACUITE Long Term Proposed Bank Facility 100 Crore A- Reaffirm Negative
11 Oct 2022 ACUITE Long Term Secured Overdraft 100 Crore A- Reaffirm Negative
11 Oct 2022 ACUITE Long Term SecuredOverdraft 843.02 Crore A- Reaffirm Negative
11 Oct 2022 ACUITE Long Term Term Loan 5 Crore A- Reaffirm Negative
01 Apr 2022 ACUITE Long Term Overdraft 20 Crore A- Assign Stable
01 Apr 2022 ACUITE Long Term Overdraft 432.5 Crore A- Reaffirm Stable


01 Apr 2022 ACUITE Long Term Proposed Bank Facility 100 Crore A- Reaffirm Stable
01 Apr 2022 ACUITE Long Term Term Loan 5 Crore A- Reaffirm Stable
01 Apr 2022 ACUITE Long Term Working Capital Demand Loa 30 Crore A- Assign Stable
17 Jan 2022 BRICKWORK Long Term Fund Based 1,448.33 Crore BB Downgrade, INC Stable
17 Jan 2022 BRICKWORK Short Term Non Fund Based 1,500 Crore A4 Downgrade, INC
13 Sep 2021 FITCH Long Term / Short Term Fund-based working capital facility 2,520 Million Withdrawn Withdrawn
13 Sep 2021 FITCH Long Term / Short Term Proposed working capital limit 4,550 Million Withdrawn Withdrawn
13 Sep 2021 FITCH Long Term Issuer rating Withdrawn Withdrawn
13 Sep 2021 FITCH Short Term Non-fund-based working capital facility 20,780 Million Withdrawn Withdrawn
13 Sep 2021 FITCH Short Term Proposed non-fund-based working capital facility@ 2,500 Million Withdrawn Withdrawn
06 Jan 2021 ACUITE Long Term Cash Credit 100 Crore A- Assign Stable
06 Jan 2021 ACUITE Long Term FITL 5 Crore A- Assign Stable
06 Jan 2021 ACUITE Long Term Overdraft 432.5 Crore A- Assign Stable
06 Jan 2021 ACUITE Short Term Bank Guarantee/Letterof Credit 1,200 Crore A1 Assign
12 Oct 2020 FITCH Long Term / Short Term Fund-based working capital facility 3,520 Million BBB+/A2 Reaffirm Stable
12 Oct 2020 FITCH Long Term Issuer rating BBB+ Reaffirm Stable


12 Oct 2020 FITCH Long Term / Short Term Proposed working capital limit 3,550 Million BBB+/A2 Reaffirm Stable
12 Oct 2020 FITCH Short Term Non-fund-based working capital facility 20,780 Million A2 Reaffirm
12 Oct 2020 FITCH Short Term Proposed non-fund-based working capital facility 2,500 Million A2 Reaffirm
24 Jul 2020 FITCH Long Term / Short Term Proposed working capital limit 3,550 Million BBB+/A2 Downgrade Negative Implications
24 Jul 2020 FITCH Long Term / Short Term Fund-based working capital facility 3,520 Million BBB+/A2 Downgrade Negative Implications
24 Jul 2020 FITCH Long Term Issuer rating BBB+ Downgrade Negative Implications
24 Jul 2020 FITCH Short Term Non-fund-based working capital facility 20,780 Million A2 Downgrade Negative Implications
24 Jul 2020 FITCH Short Term Proposed non-fund-based working capital facility 2,500 Million A2 Downgrade Negative Implications
09 Jul 2020 BRICKWORK Long Term Fund based 1,448.33 Crore BB+ Downgrade, INC Stable
09 Jul 2020 BRICKWORK Short Term Non Fund Based 1,500 Crore A4+ Downgrade, INC
20 Mar 2020 FITCH Long Term / Short Term Proposed working capital limit 3,550 Million A-/A2+ Reaffirm Negative Implications
20 Mar 2020 FITCH Long Term / Short Term Fund-based working capital facility 9,650 Million A-/A2+ Reaffirm Negative Implications
20 Mar 2020 FITCH Short Term Non-fund-based working capital facility 15,150 Million A2+ Reaffirm Negative Implications
20 Mar 2020 FITCH Short Term Proposed non-fund-based working capital facility 2,000 Million A2+ Reaffirm Negative Implications
18 Feb 2020 BRICKWORK Long Term Fund based 1,448.33 Crore BBB Reaffirm, INC
18 Feb 2020 BRICKWORK Short Term Non Fund Based 1,500 Crore A3+ Reaffirm, INC


14 Nov 2019 FITCH Long Term / Short Term Fund-based working capital facility 9,650 Million A-/A2+ Reaffirm Stable
14 Nov 2019 FITCH Long Term / Short Term Proposed working capital limit 3,550 Million A-/A2+ Reaffirm Stable
14 Nov 2019 FITCH Long Term Term loan 41.7 Million Withdrawn Withdrawn
14 Nov 2019 FITCH Short Term Non-fund-based working capital facility 15,150 Million A2+ Reaffirm
14 Nov 2019 FITCH Short Term Proposed non-fund-based working capital facility 2,000 Million A2+ Reaffirm
29 Jun 2018 FITCH Long Term Term loan 41.7 Million A- Upgrade Stable
29 Jun 2018 FITCH Long Term / Short Term Fund-based working capital facility 9,400 Million A-/A2+ Upgrade Stable
29 Jun 2018 FITCH Long Term / Short Term Proposed working capital limit 8,758.3 Million A-/A2+ Upgrade Stable
29 Jun 2018 FITCH Short Term Non-fund-based working capital facility 10,150 Million A2+ Upgrade
29 Jun 2018 FITCH Short Term Proposed non-fund-based working capital facility 2,000 Million A2+ Assign
16 Mar 2018 BRICKWORK Long Term Cash Credit 1,115 Crore BBB Reaffirm Stable
16 Mar 2018 BRICKWORK Long Term Proposed Cash Credit 300 Crore BBB Reaffirm Stable
16 Mar 2018 BRICKWORK Long Term Term Loan 33.33 Crore BBB Reaffirm Stable
16 Mar 2018 BRICKWORK Short Term LC/BG 865 Crore A3+ Reaffirm
16 Mar 2018 BRICKWORK Short Term Proposed LC/BG 635 Crore A3+ Reaffirm
03 Jul 2017 FITCH Long Term Term loan BBB


03 Jul 2017 FITCH Long Term / Short Term Fund-based working capital facility BBB/A3+
03 Jul 2017 FITCH Long Term / Short Term Proposed fund-based working capital limit BBB/A3+
03 Jul 2017 FITCH Short Term Non-fund-based working capital facility A3+
30 Sep 2016 BRICKWORK Long Term Bank Loan BBB
30 Sep 2016 BRICKWORK Short Term Bank Loan A3+
02 Mar 2015 BRICKWORK Long Term Bank Loan BBB-
02 Mar 2015 BRICKWORK Short Term Bank Loan A3
26 Mar 2014 CARE Long Term / Short Term Bank Facilities Suspended
26 Mar 2014 CARE Long Term / Short Term Bank Facilities Suspended

78 Unaccepted Rating Likely
Rating Date Agency Instrument Type Amount (INR) Rating

79 Peers
Company Name (Rs.Cr) City Year Age Revenue EBITDA Profit After Tax Total Debt

GO AIRLINES (INDIA) LIMITED Delhi FY22 19 4,352 164 -1,804 2,899
AIR INDIA EXPRESS LIMITED SANTACRUZ FY22 52 3,523 725 -73 1,505
AIX CONNECT PRIVATE LIMITED Bangalore FY22 10 1,914 -1,232 -2,179 2,669
SPICEJET LIMITED Delhi FY22 39 7,631 113 -1,744 1,092
AIRBUS GROUP INDIA PRIVATE LIMITED Bangalore FY22 16 877 183 39.9 152
ALLIANCE AIR AVIATION LIMITED Delhi FY22 40 724 112 -448 2,391
GMR AIRPORTS LIMITED Gurgaon FY22 31 578 400 -80.6
AEQUS PRIVATE LIMITED Bangalore FY22 23 538 20.1 -103 301
GLOBAL VECTRA HELICORP LIMITED Delhi FY22 25 373 86.6 -5.4 121
HELIGO CHARTERS PRIVATE LIMITED Mumbai FY22 16 227 9.1 3.4 52.2
TEXTRON INDIA PRIVATE LIMITED Bangalore FY22 19 204 37.6 19.1

80 Peers Ranking
Company Name (Rs.Cr) Year Data Type Revenue EBITDA Debt/EBITDA PAT Margin

GO AIRLINES (INDIA) LIMITED FY22 Number 4,352 164 17.7 -43.1
GMR AIRPORTS LIMITED FY22 Rank 7 2 1 6
AIRBUS GROUP INDIA PRIVATE LIMITED FY22 Rank 5 3 3 2
TEXTRON INDIA PRIVATE LIMITED FY22 Rank 11 8 2 1
AIR INDIA EXPRESS LIMITED FY22 Rank 3 1 5 5
SPICEJET LIMITED FY22 Rank 1 5 7 8
GLOBAL VECTRA HELICORP LIMITED FY22 Rank 9 7 4 4
HELIGO CHARTERS PRIVATE LIMITED FY22 Rank 10 10 6 3
AEQUS PRIVATE LIMITED FY22 Rank 8 9 8 7
GO AIRLINES (INDIA) LIMITED FY22 Rank 2 4 9 9
ALLIANCE AIR AVIATION LIMITED FY22 Rank 6 6 10 10
AIX CONNECT PRIVATE LIMITED FY22 Rank 4 11 11 11

81 Employees
Location Number Location Data type Feb 2023 Jan 2023 Dec 2022 Nov 2022 Oct 2022

Total Contribution 1,68,45,225 1,73,06,869 1,72,67,199 1,75,56,005 1,76,73,897
Total Employees 4,197 4,290 4,338 4,133 4,192
Location 1 C-I WADIA INTERNATIONAL CENTRE,PANDURANG BUDHKAR MARG Amount (INR) 1,65,73,200 1,70,31,000 1,70,00,800 1,72,99,400 1,74,49,500
Location 1 C-I WADIA INTERNATIONAL CENTRE,PANDURANG BUDHKAR MARG No. of Employees 4,124 4,216 4,266 4,063 4,132
Location 2 CIVIL AIRPORT SATWARI JAMMU CANTT Amount (INR) 1,49,399 1,49,274 1,41,048 1,42,500 1,38,630
Location 2 CIVIL AIRPORT SATWARI JAMMU CANTT No. of Employees 41 41 40 38 37
Location 3 GO AIRLINES LTD LEH Amount (INR) 1,22,626 1,26,595 1,25,351 1,14,105 85,767
Location 3 GO AIRLINES LTD LEH No. of Employees 32 33 32 32 23

82 Capital Raised
Month Investors Capital Raised (INR Crore)

15 Feb 2022 Baymanco Investment 300
83 Rumours
Rumour Date Expected Deal Size(INR Crore) Target Name Investor Name Short Description Deal Type

25 Jul 2022 Undisclosed GO AIRLINES (INDIA) LIMITED - Go First likely to raise money via IPO to manage financial crisis: Report IPO
08 Jan 2022 Undisclosed GO AIRLINES (INDIA) LIMITED - Emcure, ESDS Software, Adani Wilmar, MobiKwik, Go Airlines among 38 approved IPOs IPO
28 Aug 2021 3,600 GO AIRLINES (INDIA) LIMITED - Go Airlines gets Sebi nod for Rs 3,600 crore IPO IPO
28 Jun 2021 3,600 GO AIRLINES (INDIA) LIMITED - Sebi keeps approval to Go Air's Rs 3,600-crore IPO in abeyance IPO
09 Jun 2021 Undisclosed GO AIRLINES (INDIA) LIMITED - GoAirline Set To Launch Its IPO IPO
13 May 2021 3,600 GO AIRLINES (INDIA) LIMITED - Go Airlines files DRHP for Rs 3,600 cr IPO IPO
25 Mar 2021 2,500 GO AIRLINES (INDIA) LIMITED - India’s GoAir plans IPO early next fiscal IPO
06 Feb 2021 3,000 GO AIRLINES (INDIA) LIMITED - GoAir plans IPO to raise Rs 3,000 crore IPO

84 Outside India
Period Entity Name Type Country Activity Equity Loan Guarantee Issued

Mar 2020 AERONAUTICAL RADIO OF THAILAND LTD Joint Venture THAILAND TRANSPORT, STORAGE AND COMMUNICATION SERVICES 0.01 0.00 0.00
Aug 2019 GO AIRLINES (SINGAPORE) PTE LIMITED Subsidiary SINGAPORE FINANCIAL, INSURANCE AND BUSINESS SERVICES 1.00 0.00 0.00

85 Received in India
Date Foreign Collaborator Country Route Item of Manufacture FDI Inflows (US$ Mn) Investment Type

Jun 30 2022 BAYMANCO INVESTMENTS LIMITED Mauritius Automatic Route Passenger airways 19.69 Received in the company
Jun 30 2021 BAYMANCO INVESTMENTS LIMITED Mauritius Automatic Route Passenger airways 50.39 Received in the Company
Jun 30 2021 BAYMANCO INVESTMENTS LIMITED Mauritius Automatic Route Passenger airways 24.04 Received in the Company

86 Triggers
Date Category Type Comment Source URL

http://www.livemint.com/companies/news/lenders-delay-consortium-meeting-as-go-airlines-awaits-bankruptcy-order-from-
05 May 2023 Risk Financial Issue Banks Defer Meet, Await Nclt Order
insolvency-tribunal-11683223564621.html
http://www.livemint.com/news/world/after-go-first-lufthansa-cites-issue-with-pratt-whitney-engine-ground-third-of-a220-fleet-
04 May 2023 Routine Commentary After Go First, Lufthansa Cites Issue With Pratt & Whitney Engine, Ground Third Of A220 Fleet
11683189343556.html
https://www.newindianexpress.com/business/2023/may/04/banks-have-rs-6521-crore-exposure-to-insolvent-go-first-airlines-
04 May 2023 Routine Commentary Banks Have Rs 6,521 Crore Exposure To Insolvent Go First Airlines
2571890.html
http://timesofindia.indiatimes.com/business/india-business/central-bank-of-india-has-rs-2000-crore-
04 May 2023 Routine Commentary Central Bank Of India Has Rs 2,000 Crore Exposure
exposure/articleshow/99973185.cms
04 May 2023 Risk Operational Issue Go First Cancels Flights Until May 9 Citing Operational Reasons http://www.livemint.com/news/india/go-first-cancels-flights-until-may-9-citing-operational-reasons-11683185326474.html
http://timesofindia.indiatimes.com/business/india-business/go-first-seeks-nclt-directions-to-restrain-lessors-dgca-from-taking-
04 May 2023 Opportunity Seeking Regulatory Clearance Go First Seeks Nclt Directions To Restrain Lessors, Dgca From Taking Any Action
any-action/articleshow/99976052.cms
http://timesofindia.indiatimes.com/business/india-business/indian-oil-to-recoup-most-dues-from-go-first-through-bank-
03 May 2023 Routine Commentary 'indian Oil To Recoup Most Dues From Go First Through Bank Guarantees'
guarantees/articleshow/99965590.cms
http://timesofindia.indiatimes.com/business/india-business/go-first-owner-has-no-plans-to-exit-airline-
03 May 2023 Routine Commentary Go First Owner Has No Plans To Exit Airline: Ceo
ceo/articleshow/99954310.cms
http://www.livemint.com/companies/news/go-first-counters-at-delhi-airport-go-deserted-after-the-airline-grounds-flights-amid-
03 May 2023 Risk Financial Issue Go First Counters At Delhi Airport Go Deserted After The Airline Grounds Flights Amid Bankruptcy | Watch
bankruptcy-11683088551489.html
https://www.indiatoday.in/india/story/go-first-flights-to-mumbai-diverted-to-surat-airport-officials-say-reasons-unclear-2367798-
03 May 2023 Risk Operational Issue 2 Go First Flights To Mumbai Diverted To Surat Airport, Official Says Reasons Unclear
2023-05-03
Go Airlines India Ltd. Has Filed For An Insolvency Resolution Process Under The NationgçÖS Bankruptcy Laws, Becoming The https://www.bloomberg.com/news/articles/2023-05-02/go-airlines-files-for-insolvency-after-25-aircraft-were-grounded?
02 May 2023 Risk Financial Issue
Latest Victim In An Extremely Price-Sensitive Industry Which Was Battered By The Pandemic srnd=premium-asia
17 Apr 2023 Routine Shareholding Change Wadia Group In Talks To Sell Stake Or Exit Indian Airline Go First: Report http://www.livemint.com/news/india/wadia-group-in-talks-to-sell-stake-or-exit-indian-airline-go-first-et-11681713086475.html
87 Appellant
Type Source Case No Purpose Section Parties Involved Appellant Hearing Date

Case Status NCLT IA(I.B.C) - 2325/2021 Go Airlines (India) Limited VS SOVIKA AVIATION SERVICES PVT LTD GO AIRLINES (INDIA) LIMITED
Case Status NCLT IA(I.B.C) - 613/2022 Go Airlines (India) Limited VS Convonix System Private Limited GO AIRLINES (INDIA) LIMITED
Cause Status NCLT (CAA)- 202(Pb)/2017 Listed for hearing on 24.10.2017 230(1) Go Airlines (India) Ltd GO AIRLINES (INDIA) LIMITED 2017-10-04
Daily Cause List NCLAT Comp. App. (AT) (Ins) No. 1076 of 2021 Go Airlines (India) Ltd. Vs. Sovika Aviation Services Pvt. Ltd. & Ors. GO AIRLINES (INDIA) LIMITED 2021-12-23
DailyCause List NCLT (CAA)ꞏ202(PB)/2017 New Petition 230-232 Go Airlines (India) Ltd. GO AIRLINES (INDIA) LIMITED 2017-08-23

Go Airlines (India) Limited V/s. SOVIKA AVIATION SERVICES PVT LTD , Mr.Bijendra Kumar
Final Order NCLAT Company Appeal(AT)(Ins) - 1076/2021 IA/2882/2021 IA/2883/2021 GO AIRLINES (INDIA) LIMITED
Jha (Resolution Professional ), AviaXpert Private Limited
Final Order NCLAT Company Appeal(AT)(Ins) - 1118/2019 Go Airlines (India) Limited V/s. Sovika Aviation Services Private Ltd. GO AIRLINES (INDIA) LIMITED
Final Order NCLT (CAA)-109(PB)/2018 Go Airlines (India) Ltd GO AIRLINES (INDIA) LIMITED
Interim Order NCLAT 1118/2019 Insolvency Go Airlines (India) Ltd. V/s. Sovika Aviation Services Pvt Ltd. GO AIRLINES (INDIA) LIMITED

88 Respondent
Type Source Case No Purpose Section Parties Involved Respondant Hearing Date

Case Status NCLT Cont.A. (IBC) - 12/2022 Bangalore Airport Terminal Services Pvt. Ltd. VS Go Airlines (India) Ltd. GO AIRLINES (INDIA) LIMITED
Case Status NCLT IA(I.B.C) - 3384/2021 Bangalore Airport Terminal Services Pvt. Ltd. VS Go Airlines (India) Ltd. GO AIRLINES (INDIA) LIMITED
Case Status NCLT Rst.A (IBC) - 55/2022 Bangalore Airport Terminal Services Pvt. Ltd. VS Go Airlines (India) Ltd. GO AIRLINES (INDIA) LIMITED
Daily Cause List NCLAT Comp. App. (AT) (Ins) No. 115 of 2018 Amar Tours & Transport Vs. Go Airlines (India) Ltd. GO AIRLINES (INDIA) LIMITED 2018-04-25
Daily Cause List NCLAT Comp. App. (AT) (Ins) No. 115 of 2018 Amar Tours & Transport Vs. Go Airlines (India) Ltd. GO AIRLINES (INDIA) LIMITED 2018-05-08
Daily Cause List NCLAT Comp. App. (AT) (Ins) No. 115 of 2018 For Admission (Fresh Cases) Amar Tours & Transport Vs. Go Airlines (India) Ltd. GO AIRLINES (INDIA) LIMITED 2018-04-02
Final Order NCLAT 115/2018 insolvency Amar Tours & Transport Vs. Go Airlines (India) Ltd. GO AIRLINES (INDIA) LIMITED
Final Order NCLT C.P. (IB) - 210/2021 Bangalore Airport Terminal Services Pvt. Ltd. V/S Go Airlines (India) Ltd. GO AIRLINES (INDIA) LIMITED
Final Order NCLT C.P. (IB) - 210/2021 Bangalore Airport Terminal Services Pvt. Ltd. V/s. Go Airlines (India) Ltd. GO AIRLINES (INDIA) LIMITED
Tentative Cause List NCLAT Comp. App. (AT) (Ins) No. 115 of 2018 Amar Tours & Transport Vs. Go Airlines (India) Ltd. GO AIRLINES (INDIA) LIMITED 2018-05-08
Tentative Cause List NCLAT Comp. App. (AT) (Ins) No. 115 of 2018 (After Notice) Amar Tours & Transport Vs. Go Airlines (India) Ltd. GO AIRLINES (INDIA) LIMITED 2018-04-25

89 External Commercial Borrowings
Month Purpose Route Maturity Period Amt USD MN

Dec -12 Working Capital Approval Route 5 Years 7 Months 33
Apr -12 Import of Capital Goods Approval Route 8 Years 3 Months 795.1

90 Legal Overview
Category Appellant Respondent Total

High Risk 0
Taxation & Ordinary Matters 1 9 10
Others 59 78 141
Total Cases 60 87 151
91 LEGAL SUMMARY
APPEARING AS
Appellant Respondent
Supreme Court 2 -- 2
High Court 87 33 50
Bombay 71 25 42
Delhi 11 5 6
Jammu 3 3 --
Kerala 1 -- 1
Chattisgarh 1 -- 1
District Court 40 11 29
Maharashtra 22 11 11
Delhi 13 -- 13
Uttar Pradesh 3 -- 3
Jharkhand 1 -- 1
92 LEGAL SUMMARY
APPEARING AS
Appellant Respondent
District Court 40 11 29
Bihar 1 -- 1
Mumbai 2 1 1
ITAT 5 3 2
Tribunals 15 12 3
Custom Excise & Service Tax 9 9 --
NCDRC 4 1 3
Insolvency and Bankruptcy Board of India 2 2 --
Grand Total 151 60 87
93 LEGAL CASES
S No Court Type Court Case Subject Case Type Case Number Appellant Respondent Next Hearing / Disposed Date Case Status Extra Party
1 District Court Delhi District Court Cs Dj CS DJ/430/2022 Captain Ludgero Fernando Garcia Go Airlines India Limited 18 Jul 2023 Pending
2 District Court Maharashtra District Court Civil Matters Civil -Final Order Cases Appln.IDA/406/2022 Pradip Kumar Ghosh M/S. Go Airlines India Ltd. And Ors. 13 Jun 2023 Pending
3 District Court Delhi District Court Cs (Comm.) CS (COMM.)/413/2021 Amar Sharma M/S Go Airlines India Limited 05 Jun 2023 Pending
4 District Court Uttar Pradesh District Court Criminal Misc. Cases Criminal Misc. Cases/4149/2021 Waseem Khan Go Airlines India Ltd. Thr. Kaushik Khona 17 May 2023 Pending
5 District Court Delhi District Court Cs Scj CS SCJ/213/2020 Rahul Anand Go Airlines (India) Ltd And Anr 04 May 2023 Pending
6 District Court Maharashtra District Court Original Matters Civil/Criminal -Original Matters - Misc. NOTICE OF MOTION/103865/2022 Erkunt Araz Through Ankita Ashok Doke Go Airlines ( India Ltd ) 02 May 2023 Other
7 District Court Maharashtra District Court Original Matters Civil/Criminal -Original Matters - Misc. NOTICE OF MOTION/103004/2022 Erkunt Araz Through Ankita Ashok Doke Go Airlines ( India Ltd ) 02 May 2023 Other

Union Of India Through Ministry Of Labour And Employment Through
8 District Court Bihar District Court Criminal Matters Criminal -Complaint Cases Cr. Case Complaint (O)/60/2020 M/S Go Airlines (India) Ltd 28 Apr 2023 Pending
Labour Enforcment Officer
9 District Court Delhi District Court Cs Dj CS DJ/832/2018 M/S Maxposure Media Group (India) Pvt Ltd M/S Go Airlines (India) Ltd 25 Apr 2023 Pending
10 District Court Maharashtra District Court Civil Matters Civil -Regular Suits Reg Dkst/33/2017 Go Airlines (India) Limited Thr. Ajit Walvekar Tarzan Undrya Patil 08 Mar 2023 Other

94 LEGAL CASES
11 District Court Maharashtra District Court Suit SUIT/101363/2020 Captain Alireza Rasti Go Airlines (India) Ltd 02 Mar 2023 Other
12 District Court Delhi District Court Cs Scj CS SCJ/138/2020 Devender Kumar Mittal (Senior Citizen) M/S Go Airlines (India) Ltd 21 Feb 2023 Other
13 District Court Maharashtra District Court Suit SUIT/101122/2016 Go Airlines India Limited 1. Value 4 Money 2.Kunal Kapur 13 Feb 2023 Other
14 District Court Uttar Pradesh District Court Civil Matters Civil -Redressal Of Law Violations Cases Civil Suit/294/2021 Arunima Sathi Go Airlines India Ltd, Clear Trip Pvt Ltd 23 Jan 2023 Other
15 District Court Maharashtra District Court Civil Matters Civil -Regular Suits Reg Dkst/34/2017 Go Airlines (India) Limited Thr. Ajit Walvekar Pandurang Shankar Bhoir 19 Jan 2023 Case Disposed
16 District Court Maharashtra District Court Original Matters Civil/Criminal -Original Matters - Misc. NOTICE OF MOTION/100153/2021 Captain Alireza Rasti Go Airlines (India) Ltd 13 Dec 2022 Case Disposed
17 District Court Delhi District Court Ct Cases Ct Cases/313/2022 Leo M/S Go Airlines (India) Ltd. And Ors. 15 Oct 2022 Case Disposed
18 District Court Delhi District Court Cs Scj CS SCJ/1202/2021 Piyush Mittal Go Airlines India Ltd And Ors 03 Aug 2022 Case Disposed
19 Tribunals NCDRC RP/1636/2018 Shahid Parvez Khan Go Airlines (India) Ltd. & Anr. 11 Jul 2022 Adjourn
20 High Court Bombay HC COMS/16816/2022 Go Airlines (India) Limited Sovika Avation Services Private Limited 30 May 2022 Pre-Admission

95 LEGAL CASES
21 High Court Bombay HC AO/12849/2022 Ankit Sood Go Airlines (India) Limited 27 May 2022 Pre-Admission
22 High Court Bombay HC IA/12850/2022 Ankit Sood Go Airlines (India) Limited 27 May 2022 Pre-Admission

In The Matter Of Go Airlines (India) Ltd. Cont. Petition No.-12-2012
23 Tribunals IBBI Go Airlines (India) Ltd. 09 May 2022 Other
In (IB)-210-ND-2021
24 Tribunals CESTAT TRIBUNAL Customs/85068/2023-Mumbai Go Airlines India Ltd Commissioner Of Customs(Import)-Mumbai(Air Cargo Import) 06 May 2022 Pending
25 District Court Maharashtra District Court Rent Matters Civil -Rent Control Cases R.C.A./151/2017 Tarzan Undrya Patil Go Airlines India Limited 25 Mar 2022 Case Disposed
26 High Court Delhi HC CS(COMM)-8-2017 Maxposure Media Group (India) Pvt Ltd Go Airlines (India) Ltd & Anr 11 Mar 2022 Pending
27 District Court Maharashtra District Court Original Matters Civil/Criminal -Original Matters - Misc. NOTICE OF MOTION/103082/2021 Ankit Sood Go Airlines (India) Limited 29 Jan 2022 Case Disposed
28 High Court Bombay HC Ia IA/1425/2020 Wadia Reality Private Limited Go Airlines (India) Limited 10 Aug 2021 Other
29 High Court Bombay HC SJ/12502/2021 Emtex Engineering Pvt. Ltd. Go Airlines (India) Ltd. And 2 Ors. 07 Jun 2021 Pre-Admission
30 Tribunals CESTAT TRIBUNAL SERVICE TAX/87190/2019-Mumbai Go Airlines India Limited Commissioner Of Cgst And Central Excise-Mumbai Central 31 Mar 2021 Disposed

96 LEGAL CASES
31 District Court Delhi District Court Misc Dj Misc DJ/39/2021 Mr. Amar Sharma M/S Go Airlines India Limited 17 Mar 2021 Case Disposed
32 High Court Jammu HC Civil Matters Civil -Fundamental / Legal Rights Violation Cases OWP/123/2011 Go Airlines (India) Pvt. Ltd. State And Others 08 Feb 2021 Pending
33 Tribunals CESTAT TRIBUNAL SERVICE TAX/85223/2021-Mumbai Go Airlines India Ltd Commissioner Of Service Tax-Mumbai Audit - Ii 29 Dec 2020 Pending
34 District Court Delhi District Court Cs (Comm.) CS (COMM.)/47/2018 Amar Tours And Transport Go Airlines India Ltd 29 Feb 2020 Case Disposed
35 District Court Jharkhand District Court Criminal Matters Criminal -Complaint Cases Complaint Case/4593/2018 State Of Jharkhand M/S Go Airlines India Ltd 31 Jan 2020 Pending
36 ITAT ITAT ITA 3789 / MUM / 2018 Go Airlines (India) Limited Dcit 5(1)(1) 05 Jan 2020 Other
37 ITAT ITAT ITA 7517 / MUM / 2019 M/S Go Airlines (India) Ltd. Dy Cit 5 (1)(1) 06 Dec 2019 Disposed
38 ITAT ITAT ITA7517/MUM/2019 M/S Go Airlines (India) Ltd. Dy Cit 5 (1)(1) 06 Dec 2019 Disposed
39 Tribunals CESTAT TRIBUNAL SERVICE TAX/88107/2019 Go Airlines India Private Limited Mumbai Central 24 Oct 2019 Pending
40 Tribunals CESTAT Tribunal SERVICE TAX/88107/2019-Mumbai Go Airlines India Limited Mumbai Central 24 Oct 2019 Pending

97 LEGAL CASES
41 Tribunals CESTAT Tribunal SERVICE TAX/87991/2019-Mumbai Go Airlines India Limited Mumbai Central 24 Oct 2019 Pending
42 ITAT ITAT ITA 3788 / MUM / 2018 Go Airlines (India) Limited Dcit 5(1)(1) 14 Aug 2019 Other
43 High Court Delhi HC CRL.M.C.-2981-2019 M/S Go Airlines India Ltd. & Anr State Of Nct Of Delhi & Anr 30 May 2019 Pending
44 High Court Delhi HC CS(COMM)-287-2019 Frankfinn Aviation Services (Pvt.) Ltd. Go Airlines (India) Ltd. 28 May 2019 Disposed Off
45 District Court Maharashtra District Court Civil Matters Civil -Regular Suits Reg Dkst/43/2018 Mohandas N Achuthan M/S Go Airlines India Ltd 05 Apr 2019 Case Disposed
46 Tribunals CESTAT Tribunal SERVICE TAX/88091/2019-Mumbai Go Airlines India Limited Mumbai Central 04 Apr 2019 Pending
47 Tribunals CESTAT TRIBUNAL SERVICE TAX/88091/2019 Go Airlines India Limited Mumbai Central 04 Apr 2019 Pending
48 District Court Maharashtra District Court Rent Matters Civil -Rent Control Cases R.C.A./8/2017 Go Airlines India Limited Through Ajit Walvekar Ramesh Undrya Patil 27 Feb 2019 Case Disposed
49 District Court Maharashtra District Court Rent Matters Civil -Rent Control Cases R.C.A./15/2016 Ramesh Undrya Patil Go Airlines India Ltd 27 Feb 2019 Case Disposed
50 District Court Maharashtra District Court Rent Matters Civil -Rent Control Cases R.C.A./18/2016 Tarzan Undra Patil Go Airlines India Ltd 27 Feb 2019 Case Disposed

98 LEGAL CASES
51 District Court Maharashtra District Court Rent Matters Civil -Rent Control Cases R.C.A./9/2017 Go Airlines India Limited Through Ajit Walvekar Tarzan Undrya Patil 27 Feb 2019 Case Disposed
Air Alliance |Air Asia India Ltd |Air Deccan |Air India Express
|Air India Ltd |Air Odisha Aviation Pvt Ltd |Director Genernal Of
Civil Aviation Through Its Joint Director General |Go Airlines
0816-Letter Petition & Pil Matters : Slps Filed Against
India Ltd |Interglobe Enterprises Ltd |Jet Airways India Ltd
52 Supreme Court Supreme Court Judgments / Orders Passed By The High Courts In Writ SLP(C) No. 032944 - / 2018 Spice Jet Ltd. 12 Dec 2018 Pending
|Ministry Of Civil Aviation |Registrar General High Court Of
Petitions Filed As Pil
Meghalaya |Star Air India |Tata Sia Airlines Ltd |The State Of
Meghalaya Chief Secretary |Turbo Megha Airways Pvt Ltd
|Zexus Air Services Pvt Ltd
53 High Court Chattisgarh HC Wppil WPPIL/37/2017 Kamal Kumar Dubey Union Of India, Air India Limited 10 Dec 2018 Case Disposed
54 District Court Maharashtra District Court Miscellaneous Cases Miscellaneous Cases/700914/2017 Go Airlines India Limited Dhruv Mendiratta 17 Oct 2018 Case Disposed
55 ITAT ITAT ITA3789/MUM/2018 Go Airlines (India) Limited Dcit 5(1)(1) 30 May 2018 Disposed
56 High Court Delhi HC CS(COMM)|8|2017 Maxposure Media Group (India) Pvt Ltd Go Airlines (India) Ltd & Anr 10 May 2018 Pending
57 District Court Maharashtra District Court Civil Matters Civil -Chamber Summons Cases CHAMBER SUMMONS/101507/2017 Go Airlines India Limited 1. Value 4 Money 2.Kunal Kapur 07 Mar 2018 Disposed

In The Matter Of Go Airlines (India) Limited Company Petition
58 Tribunals IBBI Go Airlines (India) Limited 13 Feb 2018 Other
(IB) No. 421-(PB)-2017 (Rejected)
99 LEGAL CASES
59 District Court Maharashtra District Court Civil Matters Civil -Redressal Of Law Violations Cases Civil M.A./284/2017 Go Airlines India Ltd Ramesh Undrya Patil 15 Nov 2017 Disposed
60 High Court Delhi HC CS(COMM) 8/2017 Maxposure Media Group (India) Pvt Ltd Go Airlines (India) Ltd & Anr 02 Nov 2017 Pending

Shri Tukaram Balya Bhoir (Since Decd) Through Lrs. - | Vinayak
Tukaram Bhoir - | Dattu Tukaram Bhoir - | Vasudev Tukaram Bhoir
- | Pandharinath Tukaram Bhoir - | Smt. Bhamabai Gajanan
61 High Court Bombay HC Civil Matters Civil -Fundamental / Legal Rights Violation Cases WP_8601_2017 Go Airlines (India) Limited - | 27 Jul 2017 Pending
Karbhari - | Ranibai Vishwas Karbhari - | Kum Suman Tukaram
Bhoir - | Master Pravin Tukaram Bhoir - | Bhaskar Tukaram Bhoir -
|
62 District Court Maharashtra District Court Civil Matters Civil -Redressal Of Law Violations Cases Civil M.A./90/2017 Go Airlines India Ltd. Through Ajit Baburao Walvekar Ramesh Undrya Patil And Other 26 Apr 2017 Disposed
63 High Court Delhi HC Civil Matters Civil -Redressal Of Law Violations Cases CS(COMM)8/2017 Maxposure Media Group (India) Pvt Ltd Go Airlines (India) Ltd & Anr 20 Feb 2017 Pending
64 District Court Maharashtra District Court Civil Matters Civil -Chamber Summons Cases CHAMBER SUMMONS/100283/2017 Go Airlines India Limited 1. Value 4 Money 2.Kunal Kapur 13 Feb 2017 Disposed
65 District Court Maharashtra District Court Civil Matters Civil -Redressal Of Law Violations Cases Civil M.A./178/2016 Go Airlines India Limited, Ramesh Undrya Patil 15 Dec 2016 Disposed
66 Tribunals CESTAT TRIBUNAL SERVICE TAX/87488/2016-Mumbai Go Airlines India Ltd Commr Service Tax- V Mumbai 10 Nov 2016 Pending
67 High Court Delhi HC CO.PET.-563-2012 Interactive Media And Communication Solution Pv Lt Go Airlines(India ) Ltd 29 Jul 2016 Disposed Off
68 District Court Maharashtra District Court Original Matters Civil/Criminal -Original Matters - Misc. Notice Of Motion/201588/2015 Ms Vayudoot Multi Services Pvt Ltd The Go Airlines India Ltd 15 Apr 2016 Disposed

100 LEGAL CASES
69 District Court Maharashtra District Court Civil Matters Civil -Redressal Of Law Violations Cases Civil Suit/201518/2015 Ms Vayudoot Multi Services Pvt Ltd The Go Airlines India Ltd 15 Apr 2016 Disposed
70 District Court Maharashtra District Court N / A Other -Others M.A.N.R.J.I./200012/2015 Go Airlines India Ltd Rajaram Laxman Bhoir 11 Feb 2016 Disposed
71 High Court Bombay HC Taxation Matters Civil -Income Tax Cases ITXAL_699_2015 The Commissioner Of Income Tax (Tds) - 1 M/S Go Airlines India Ltd 01 Oct 2015 Other
72 High Court Bombay HC Taxation Matters Civil -Income Tax Cases ITXAL_682_2015 The Commissioner Of Income Tax (Tds)-1 M/S Go Airlines (India) Ltd. 01 Oct 2015 Other
73 High Court Bombay HC Taxation Matters Civil -Income Tax Cases ITXAL_698_2015 The Commissioner Of Income Tax (Tds)-1 M/S Go Airlines (India) Ltd. 01 Oct 2015 Other
74 High Court Bombay HC Civil Matters Civil -Notice Issue Cases S_644_2015 Interactive Media And Communication Solutions Pvt. Ltd. Go Airlines (India) Ltd. 15 Jul 2015 Other
75 High Court Bombay HC Civil Matters Civil -Notice Issue Cases S/644/2013 Interactive Media And Communication Solutions Pvt. Ltd. - ; Go Airlines (India) Ltd. 18 Mar 2015 Pending
76 High Court Delhi HC CO.PET.|495|2009 M/S Go Airlines (India) Pvt Ltd Ava Merchandising Pvt Ltd 09 Mar 2015 Disposed Off

Income Tax
77 MUMBAI ITAT Taxation Matters Civil -Income Tax Cases ITA 1500/MUM-2013 Dcit Tds 1(1) Go Airlines (I) Ltd 15 Dec 2014 Other
Appellate Tribunal
78 ITAT ITAT ITA7327/MUM/2014 Go Airlines (India) Ltd Ddit (It) 3(1) 08 Dec 2014 Pending
101 LEGAL CASES
Income Tax
79 MUMBAI ITAT Taxation Matters Civil -Income Tax Cases ITA 7327/MUM-2014 Go Airlines (India) Ltd Ddit (It) 3(1) 08 Dec 2014 Other
Appellate Tribunal
Income Tax
80 MUMBAI ITAT Taxation Matters Civil -Income Tax Cases ITA 7326/MUM-2014 Go Airlines (India) Ltd Ddit (It) 3(1) 08 Dec 2014 Other
Appellate Tribunal
81 ITAT ITAT ITA7326/MUM/2014 Go Airlines (India) Ltd Ddit (It) 3(1) 08 Dec 2014 Disposed
82 District Court Delhi District Court Cs Scj CS SCJ/56248/2013 Firdous Begum Go Airlines India P. Ltd 20 Sep 2014 Disposed
83 Tribunals CESTAT TRIBUNAL Of_98976_2013 Go Airlines (India) Ltd Commissioner Of Service Tax 04 Aug 2014 Other
84 High Court Bombay HC Company Matters Civil -Appeal Against Judgement / Order COMS_24_2013 Interactive Media And Communication Solutions Pvt. Ltd. - | Go Airlines (India) Ltd. - | 28 Feb 2014 Pending

3802-Matters Relating To Consumer Protection : Slps Relating To Go Airlines (India) Pvt.Ltd |Go Airlines(India)Pvt. Ltd. |Union Of
85 Supreme Court Supreme Court C.A. No. 014916 - 014917 / 2017 Nanita Sharma 27 Sep 2013 Pending
Consumer Protection. India
86 High Court Delhi HC Company Matters Civil -Company Cases CO.PET.495/2009 M/S Go Airlines (India) Pvt Ltd Ava Merchandising Pvt Ltd 10 May 2010 Other
87 High Court Bombay HC Civil Matters Civil -Fundamental / Legal Rights Violation Cases WP/213/2017 Federation Of Indian Airlines And 6 Others Airports Authority Of India And 2 Others Disposed
88 High Court Bombay HC Taxation Matters Civil -Income Tax Cases ITXA/1319/2015 The Commissioner Of Income Tax (Tds)-1 M/S Go Airlines (India) Ltd. Disposed

102 LEGAL CASES
89 High Court Bombay HC Taxation Matters Civil -Income Tax Cases ITXA/1302/2015 The Commissioner Of Income Tax (Tds)-1 M/S Go Airlines (India) Ltd. Disposed
90 High Court Bombay HC Civil Matters Civil -Civil Cases - Misc. NMCD/1652/2018 Go Airlines (India) Ltd Wolfgong Mag Prock - Schauer Disposed
91 High Court Bombay HC Company Matters Civil -Appeal Against Judgement / Order COMS/1002/2018 Sovika Aviation Services Pvt. Ltd. Go Airlines (India) Ltd. Disposed
92 High Court Bombay HC Original Matters Civil/Criminal -Original Matters - Misc. LPETN/31/2018 Go Airlines (India) Ltd. Wolfgang Mag Prock Schauer Disposed
93 High Court Bombay HC Arbitration Matters Civil -Arbitration Appeal Cases ARBAP/275/2018 Go Airlines (India) Ltd Globe Engineering Constructions Disposed
94 High Court Bombay HC Civil Matters Civil -Fundamental / Legal Rights Violation Cases CAW/1313/2019 Go Airlines (India) Limited Thru Poa Shri. Ajit Walvekar Shri Tukaram Balya Bhoir (Since Decd) Through Lrs. Disposed
95 High Court Bombay HC Civil Matters Civil -Fundamental / Legal Rights Violation Cases WP/11691/2017 Association Of Aircraft Maintenance Engineers And Technicians Air Asia (India) Pvt. Ltd. And Ors. Disposed
96 High Court Bombay HC Chscd CHSCD/904/2018 Go Airlines (India) Ltd Wolfgong Mag Prock - Schauer Disposed
97 High Court Bombay HC Civil Matters Civil -Fundamental / Legal Rights Violation Cases WP/8601/2017 Go Airlines (India) Limited Shri Tukaram Balya Bhoir (Since Decd) Through Lrs. Disposed
98 High Court Bombay HC Taxation Matters Civil -Income Tax Cases ITXA/1299/2015 The Commissioner Of Income Tax (Tds) - 1 M/S Go Airlines India Ltd Disposed

103 LEGAL CASES
99 High Court Bombay HC Company Matters Civil -Appeal Against Judgement / Order COMS/971/2018 Go Airlines (India) Ltd Wolfgong Mag Prock - Schauer Disposed
100 High Court Bombay HC Civil Matters Civil -Fundamental / Legal Rights Violation Cases CAW/1312/2019 Go Airlines (India) Limited Through Their Constituted Attorney Holder Shri Tukaram Balya Bhoir (Since Decd) Through Lrs. Disposed
+62 More Cases.
104 Contact Details
Particular Details
E-Mail ID secretarial@flygofirst.com
Website www.flygofirst.com
Telephone Number 02267410000

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CONTENTS

Related Company Statistics

External Commercial Borrowings

CIN Number LEI Number Keki Manchersha Elavia - (00003940) Director

Email Id Company Category Yashwant Shankarrao Patil Thorat - (00135258) Director

Company Sub-Category Industry Varun Berry - (05208062) Director

S.No. Name Designation Date of Appointment Date of cessation No Of Past Directorships

2 SUKANT SADASHIV KELKAR Director 01 Jun 2004 23 Aug 2007 12

3 ASHOK PANJWANI Director 01 Jun 2004 11 Jul 2011 10

4 ISHAAT HUSSAIN Director 21 Jun 2011 16 Sep 2013 24

5 APURVA SHISHIR DIWANJI Director 21 Jun 2011 01 Jun 2021 3

6 VINITA BALI Director 24 Aug 2006 01 Oct 2014 13

7 JEHANGIR NUSLI WADIA Managing Director 29 Apr 2004 01 Jan 2021 8

8 RANENDRA SEN Director 15 Feb 2012 10 Nov 2012 3

9 VIBHA PAUL RISHI Director 03 Sep 2015 04 Sep 2019 13

10 WOLFGANG PROCK SCHAUER Managing Director 01 Oct 2016 15 Dec 2017 1

Sr. No. Company % Common Directors Date of Incop. State

2 INTEGRATED CLINICAL RESEARCH SCIENCES PRIVATE LIMITED 50 Jul 2001 Maharashtra

3 GO ENGINEERING PRIVATE LIMITED 50 Jun 2006 Maharashtra

4 FIRST ASIAN INFRAVENTURES PRIVATE LIMITED 50 Mar 2022 Maharashtra

5 GO AIRWAYS PRIVATE LIMITED 50 Sep 2005 Maharashtra

6 GO CARGO PRIVATE LIMITED 50 Jun 2006 Maharashtra

7 HORMAZE PROPERTY PRIVATE LIMITED 50 Apr 1991 Maharashtra

8 FREEDOM ALLIANZ CONSULTANCY PRIVATE LIMITED 50 Sep 2022 Maharashtra

9 VIRTUAL EDUCATION NETWORK PRIVATE LIMITED 50 Jun 2001 Maharashtra

10 PATRICIA KEELAN FOUNDATION 33 Mar 2021 Maharashtra

11 SPEECH AND SOFTWARE TECHNOLOGIES (INDIA) PRIVATE LIMITED 33 Mar 2003 Tamil Nadu

12 GO HOLDINGS PRIVATE LIMITED 33 Jan 2006 Maharashtra

Source Category Remarks Type Likely/Not Sure

Summary FY22 FY21 FY20 FY19 FY18 FY17

EBITDA 164 265 312 89.6 388 419

%EBITDA Margin 3.8 11.4 4.3 1.4 8.2 11.9

Profit After Tax -1,804 -870 -1,271 124 152 205

%PAT Margin -41.5 -37.4 -17.5 1.9 3.2 5.8

Total Assets 16,522 14,460 14,082 4,559 3,939 3,305

Summary FY22 FY21 FY20 FY19 FY18 FY17 FY16

EBITDA 164 273 312 89.3 388 419 220

%EBITDA Margin 3.8 11.7 4.3 1.4 8.2 11.9 7.9

Profit After Tax -1,808 -870 -1,271 123 152 205 150

%PAT Margin -41.5 -37.4 -17.5 1.9 3.2 5.8 5.4

Total Assets 16,518 14,465 14,078 4,558 3,939 3,305 3,100

Particulars FY22 FY21 FY20 FY19 FY18 FY17

Total Revenue 4,352 2,327 7,258 6,412 4,746 3,530

Revenue From Sale Of Services 4,184 2,172 7,052 6,262 4,107 3,143

Other Operating Revenues 538 382

Other Income 168 156 206 149 101 5.4

Revenue From Operations 4,184 2,172 7,052 6,262 4,645 3,525

Total Expenses Excluding Depreciation And Finance Cost 4,188 2,062 6,946 6,322 4,358 3,112

Cost Of Materials Consumed 3,040 1,754 4,557 5,159 3,518

Changes In Inventories Of Finished Goods, Work-in-progress And Stock-in-trade -3.1 -0.68

Purchases Of Stock In Trade 7.3 2.3

Employee Benefit Expense 434 303 877 601 421 335

Other Expenses 710 4.3 1,511 562 419 2,775

EBITDA 164 265 312 89.6 388 419

Finance Costs 1,134 1,006 855 221 202 154

Depreciation Expense 21.4 21.5 19.3 16.1 13.2 9.8

Amortisation Expenses 813 597 1,342 1.9

Total Depreciation, Depletion And Amortisation Expense 834 619 1,361 16.1 15 9.8

Exceptional Items Before Tax 12.8 26.8 191 66.2 50.9

PBT -1,804 -1,346 -1,877 43.5 237 306

Total Tax Expense -0.33 -476 -606 -80.1 84.8 101

Current Tax 0.04 0.19 33 14.9 103 0.48

Particulars FY22 FY21 FY20 FY19 FY18 FY17