Aquagri Processing Private Limited: (400100) Disclosure of General Information About Company

AQUAGRI PROCESSING PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2021 to 31/03/2022
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
AQUAGRI PROCESSING
Name of company PRIVATE LIMITED
Corporate identity number U01229DL2007PTC194698
Permanent account number of entity AAGCA7616M
284, SULTAN SADAN L-3,
WESTEND
Address of registered office of company MARG,SAIDULAJAIB NEW
DELHI DL 110030 IN
Commercial and
Type of industry Industrial
Whether company is listed company No
Date of board meeting when final accounts were approved 18/05/2022
Period covered by financial statements 12 months 12 months
Date of start of reporting period 01/04/2021 01/04/2020
Date of end of reporting period 31/03/2022 31/03/2021
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Lakhs
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other
No
relevant books and papers in electronic form
Whether books of account and other books and papers are maintained
No
on cloud
Disclosure of principal product or services [Table] ..(1)

Principal Product Principal Product
Principal Product Or Principal
Types of principal product or services [Axis] Or Principal Or Principal
Services 3
Services 1 Services 2
01/04/2021 01/04/2021 01/04/2021
to to to
31/03/2022 31/03/2022 31/03/2022
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 1212 3101 1302
LOCUST BEANS, ANML/VGTBL
SEAWEEDS AND FRTLSRS,W/N
VEG SAPS & EXTRCTS;PECTC
OTHER ALGAE, MIXED TOGETHER
S U B S T N C S
SUGAR BEET A OR CHMCLY
PECTNATSPECTTS;AGAR-AGR
N D TRTD;FERTILISERS
Description of product or service category SUGARCANE, F PRDCD BY THE
& OTHR MUCILGS &
THCKENERSW/N MODIFIED
R E S H , MXNG/CHMCL
DERIVED FROM VEGITBL
CHILLED, TREATMNT OF
PRDCTS
FROZEN OR ANML/VEGTBL
DRIED PRDCTS
Turnover of product or service category 10,042.25 7,821.79 568.88
Highest turnover contributing product or service (ITC 8 digit) code 12122010 31010099 13023240
Plant Nutrients,
Description of product or service Seaweed
Seaweed Granules etc
Carrageenan
Turnover of highest contributing product or service 10,042.25 7,821.79 568.88

AQUAGRI PROCESSING PRIVATE LIMITED Standalone Financial Statements for period 01/04/2021 to 31/03/2022
[400400] Disclosures - Directors report
Details of directors signing board report [Table] ..(1)

Directors Signing Directors Signing
Directors signing board report [Axis]
Board Report 1 Board Report 2
01/04/2021 01/04/2021
to to
31/03/2022 31/03/2022
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director Abhiram Sanjay
Last name of director Seth Gupta
Designation of director Managing Director Chairman
Director identification number of director 00176144 07834015
Date of signing board report 18/05/2022 18/05/2022
2

01/04/2021
to
31/03/2022
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair [See below]
The Board of Directors of
your Company has decided
Disclosure relating to amounts if any which is proposed to carry to any
not to transfer any amount
reserves to the reserves for the
year under review.
Disclosures relating to amount recommended to be paid as dividend [See below]
Details regarding energy conservation [See below]
Till date the Company has
Details regarding technology absorption not adopted any foreign
technology.
The Foreign Exchange
earnings and outflow are
summarized as
Details regarding foreign exchange earnings and outgo below: Inflow
Nil Outflow Rs. 129.92
Lakhs
Disclosures in director’s responsibility statement [See below]
Details of material changes and commitment occurred during period
NA
affecting financial position of company
the year under review

The Company has not made
Particulars of loans guarantee investment under section 186 [TextBlock] any investment, given
guarantee and securities
during.
Particulars of contracts/arrangements with related parties under section Textual information (6)
188(1) [TextBlock] [See below]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Whether there are material contracts/arrangements/transactions at
No
arm's length basis
Date of board of directors' meeting in which board's report referred
18/05/2022
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Textual information (7)
[TextBlock] [See below]
Disclosure of statement on declaration given by independent directors

NA
under section 149(6) [TextBlock]
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters NA
provided under section 178(3) [TextBlock]
The Directors review

and implement the risk
management policy from
Disclosure of statement on development and implementation of risk
t i m e t o
management policy [TextBlock] time.
Details on policy development and implementation by company on

corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Disclosure of financial summary or highlights [TextBlock] [See below]
Disclosure of change in nature of business [TextBlock] NA
Details of directors or key managerial personnels who were Textual information (10)
appointed or have resigned during year [TextBlock] [See below]
Disclosure of companies which have become or ceased to be its
subsidiaries, joint ventures or associate companies during NA
year [TextBlock]
Details relating to deposits covered under chapter v of companies act Textual information (11)
Details of deposits which are not in compliance with requirements

NA
of chapter v of act [TextBlock]
3
No significant and
material order has been
passed by the regulators,
Details of significant and material orders passed by courts, courts,
tribunals impacting the
regulators or courts or tribunals impacting going concern going concern status and
status and company’s operations in future [TextBlock] Company’s operations in
future.
Details regarding adequacy of internal financial controls with Textual information (12)
reference to financial statements [TextBlock] [See below]
Disclosure of appointment and remuneration of managerial personnels Textual information (13)
Number of meetings of board [pure] 4
4
Disclosure in board of directors report explanatory [Text Block]
DIRECTORS’ REPORT
To the Members,
We are pleased to present 15th Annual Report on business and operations together with the Audited Financial Statements and the Auditor’s
Report of your Company for the Year ended 31st March, 2022.
1. Financial Results:
The Financial highlights of the Company for the financial year ended 31st March, 2022 are as follow:
(Amount in Rs.)
Particulars
As at 31st March 2022 As at 31st March 2021
Operating Income 1,84,32,88,537 1,47,03,63,573
Other Income 3,98,128 11,90,271
Total Income 1,84,36,86,665 1,47,15,53,844
Total Expenditure 1,42,65,83,273 1,14,00,12,278
Operating Profit/(Losses) 41,71,03,392 33,15,41,566
Less: Prior Period Items - 3,26,997
Less: Taxes(Current Tax, FBT & Provisions for Deferred tax) 10,56,53,489 8,68,24,195
Deferred Tax 3,49,813 -27,49,274
Net Profit/(Loss) 31,11,00,090 24,71,39,648
5
2. State of the Company’s Affairs:
Your Company during the year under report has been able to maintain a healthy growth pattern inspite of the challenges posed by the COVID
related disruptions especially in the first quarter. The Company’s gross turnover increased by 25.36% to 184.33 Crores during the year
compared to 147.04 Crores in previous year. Profit before Tax increased to 41.71 Crores compared to 33.15 Crore in last financial year. We
contributed Rs. 10.57 Crores by way of the taxes to the exchequer.
In spite of the disruptions in operations caused by closures and restrictions imposed by the government to combat the medical emergency
faced by the country, we were able to deliver high growth on an enlarged base. We would like to congratulate our team who quickly adjusted
to the changed circumstances and in spite of many personal difficulties managed to keep the company on the growth path and delivering a
growth of over 25.36%. Our profits also kept pace with the revenue growth without resorting to any price increases even though we faced
significant cost increases for our key inputs. This was achieved by improving productivity, achieving higher capacity utilization and by better
leverage of our fixed costs.
These results have been possible due to the commitment and hard work of the entire team. The support extended by IFFCO and IFFCO E
Bazaar teams to manage the supply chain played a key role in the delivery of these results.
Your company’s expansion plan was delayed due to the supply chain challenges faced by our vendors as also the unprecedented rains at the
beginning of this financial year.
However the new large capacity plant has now been commissioned successfully. With this expansion we have more than quadrupled our
capacity to produce Sagarika Liquid. Practice of together applying Sagarika Liquid and IFFCO’s Nano Urea, is being adopted by farmers
across the country, for climate smart and climate resilient agriculture. This should provide an opportunity for exploiting our enlarged
manufacturing plant. Capacity for producing the active ingredient for Sagarika Granules has also been completed with the acquisition of
additional land and covered area.
This land will also be used for setting up our new state of the art R&D facility and this will add to our ability to innovate and offer many new
products to our consumers.
Your company has also supported expansion of IFFCO Natural-K production capacity across India. This product derived from the distillery
waste stream is a true example of creating value from waste and it has also helped in saving valuable foreign exchange for the country.
Further new projects are planned in the coming financial year to create value added inputs of agricultural application by leveraging seafood
waste streams.
The greatest impediment to enlarge the community of seaweed farmers is availability of the planting material. We are also working in close
collaboration with the Government agencies and the research institutions for developing systems for the mass production of seaweed planting
materials to bring many more beneficiaries into seaweed cultivation. The results of these efforts are showing promise. We have also started
importing seaweed from Sri Lanka and Philippines for further strengthening our supply chain.
Your Company has taken initiative by launching a new range of products like Bio Pesticide, Sagarika K++, Sagarika Gold and Humiifco,
which have been appreciated by the consumers who have been exposed to it. Marketing efforts to create awareness of these products and to
make them available to the large numbers of consumers are being planned in the current year. Initiatives to promote these products and to
make them available through both, online as well as retail channels are underway.
COVID 19 Impact Analysis: Your Company estimated that impact of COVID-19 on business operations is not significant. The Company
also assessed and concluded that there is no indication which require any impairment or provisions on account of non-financial and financial
assets (including inventories, trade and other receivables)
3. Transfer to Reserves:
The Board of Directors of your Company has decided not to transfer any amount to the reserves for the year under review.
4. Share Capital:
The Paid up Equity Share Capital as on 31st March, 2022 was Rs.8,95,39,760/-
5. Dividend:
6
Your Directors are pleased to recommend a final dividend of Rs. 3.50/- per equity share for the current financial year. The dividend is subject
to the approval of shareholders in the forthcoming Annual General Meeting would result a dividend outflow of Rs. 3,13,38,916/-
6. Material changes and Commitments affecting financial position between end of the financial year and date of the report
There have been no material changes and commitments, which affect the financial position of the Company which have occurred between the
end of the financial year to which this financial statements relate and the date of this report.
7. Subsidiary Companies:
The Company has one subsidiary:
For the FY 2021-22, Aquagri Greentech Private Limited (Greentech) grew its sales by 71.34% from the previous year, with large growth
seen from the online channel. Company’s Turnover for 31-Mar-22 stands at Rs 2.91Cr, and booked its first profit at Rs 8.09 Lakhs Increased
availability, faster consumer deliveries and strategic pricing have been the key factors for the growth.
On the offline side, Greentech further strengthened its presence in North India and East India, by adding Tier 2 and Tier 3 cities. The
company also commenced operations in West India, with Nasik City and South India with Chennai, with plans to grow the network by
starting operations in large and small cities of these regions. The company also introduced a Field Sales App for the sales representatives on
the field, to monitor productivity and detailed product sales analysis at the secondary level
On the online side, the company commenced FBA (Fulfillment by Amazon) operations and starting moving the stock to Amazon
Warehouses, for faster deliveries to the consumer. Likewise, Central Warehouse delivery was commenced for Big Basket. The steps resulted
in 100% sales growth from the channels.
In accordance with Section 129(3) of the Companies Act, 2013, we have prepared Consolidated Financial Statements of the Company which
form part of the Annual Report. Further, a statement containing the salient features of the financial statements of our consolidated
subsidiaries in the prescribed format AOC-1 is annexed as Annexure – 1 to the Board Report. During the year Aquagri Processing
control/stake (Holding Company) reduces from 100% to 75%. The statement also provides details of performance, financial position of each
of the subsidiary.
8. Deposits:
The Company has not accepted any deposits from the public and hence the directives issued by the Reserve Bank of India and the provisions
of Sections 73 to 76 or any other relevant provisions of the Act and the Companies (Acceptance of Deposit) Rules, 2015 regarding the
deposits accepted from the public are not applicable.
9. Change in Directorship:
There has been no change in the constitution of Board during the year under review i.e. the structure of the Board remains the sam
S. No. Name Designation Appointment or Resignation Appointment date or Resignation date
1. Mr. Abhiram Seth Managing Director - -
2. Mr. Sanjay Gupta Director - -
3. Mr. Ved Pal Director - -
4. Mr. Tanmaye Seth Director - -
5. Mr. Rahul Rai Director - -
6. Dr. Tarunendu Singh Director - -
10. Meeting of Board of Directors:
7
During the financial year 2021-22 Four (4) Board Meetings were held on 13th April, 2021,5th July, 2021, 1st November, 2021, and 25th
January, 2022. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013.
The names of the members of the Board, their attendance at the Board Meetings are as under:
Names of Directors Number of Board Meetings entitled to Attend No of Board Meeting Attended
Mr. Abhiram Seth 4 4
Mr. Sanjay Gupta 4 4
Mr. Ved Pal 4 4
Mr. Tanmaye Seth 4 4
Mr. Rahul Rai 4 3
Dr. Tarunendu Singh 4 3
11. Directors’ Responsibility Statement:
Pursuant to the requirements of sub-section 134(5) of the Act with respect to Directors’ Responsibility Statement, the Directors confirm that:
i) in the preparation of the Annual Accounts for the year ended March 31, 2022, the applicable Accounting Standards read with
requirements set out under Schedule III to the Act, have been followed and there are no material departures from the same;
ii) they have selected such accounting policies and applied them consistently and made judgment and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2022 and of the profit of the Company for the
financial year ended on that date;
iii) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of
the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
iv) they have prepared the Annual Accounts of the Company on a going concern’ basis; and
v) they have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.
12. Related Parties Transactions:
All related party transactions entered into during the financial year ended on 31st March, 2022 were on arm’s length basis and were in the
ordinary course of business. The details of such transactions are mentioned in form AOC-2 annexed as Annexure-2.
13. Particulars of Loans And Investment:
The Company has not made any investment, given guarantee and securities during the year under review.
14. AUDITOR
8
(a) Statutory Auditors
The Auditors, M/s Oswal Sunil & Company, Chartered Accountants (Firm Registration No. 016520N), appointed as the Statutory Auditors
of the Company in its Annual General Meeting held on 20th day of August, 2018 for a period of 5 years i.e. until the conclusion of the
ensuing Annual General Meeting to be held in the year 2023.
(b) Auditors’ Report:
The Auditors’ Report and notes to the financial statements (standalone and consolidated) are self-explanatory and do not call for any further
comments.
(c) Details in respect of Frauds reported by Auditors under sub Section (12) of Sec-143 other than those reportable to Central Government.
No material fraud by the Company or on the Company by its officers or employees has been noticed or reported during course of Audit.
15. Cost Record
The Central Government has not prescribed maintenance of cost records under sub-section (1) of section 148 of the Companies Act, 2013 in
respect of the products of the Company.
16. Extract of Annual Return:
The extract of Annual Return, in form MGT-9 for the financial year ended on 31st March, 2022 is annexed as Annexure- 3.
17. Significant and Material Orders:
No significant and material order has been passed by the regulators, courts, courts, tribunals impacting the going concern status and
Company’s operations in future.
18. Risk Management Policy:
The Directors review and implement the risk management policy from time to time.
19. Internal financial controls:
The Company’s internal financial controls are adequate and commensurate with the nature and size of the Company and it ensures:
(a)Timely and accurate financial reporting in accordance with applicable accounting standards;
(b)Optimum utilization, efficient monitoring, timely maintenance and safety of its assets;
(c) Compliance with applicable laws, regulations and management policies.
20. Corporate Social Responsibility (CSR) Committee
In pursuance to the provisions of Section 135 and Schedule VII of the Companies Act, 2013, CSR Committee of the Board of Directors was
formed on 12th July, 2019 to recommend (a) the policy on Corporate Social Responsibility and implementation of the CSR projects or
programs to be undertaken by the company as per CSR Policy (b) recommend the amount of expenditure to be incurred on CSR activities;
and (c) monitor the CSR Policy of the Company from time to time and institute a transparent monitoring mechanism for implementation of
CSR Projects/programs/activities under taken by the Company.
The Corporate Social Responsibility Committee comprised of following directors as its members as on 31st March, 2022:
1. Mr. Vedpal, Chairman
9
2. Dr. Tarunendu Singh, Member
3. Mr. Tanmaye Seth, Member
During the year under review, the Company spent an amount of Rs. 38,53,301/- on activities identified as CSR activities. The Annual Report
on CSR activities is enclosed as per prescribed format as Annexure-4 and forms part of this report.
21. Implementation Of Quarterly Compliance Reporting Mechanism
As per Section 134(5)(f) of the Companies Act, 2013, the Board of Directors has to confirm that they have devised proper systems to ensure
compliance with the provisions of applicable laws and that system were adequate and operating effectively. In order to give due attention to
the Compliance to applicable laws, a system of reporting the compliance status on quarterly basis has been adopted by the Company, vide
which each of the functional heads reports the Compliance with respect to their department on a quarterly basis with exception, if any thereof
and a consolidated status on the same is put up before the Board.
22. Conservation of Energy and Technology Absorption and Foreign Exchange Earning and Outgo:
Information in accordance with the provisions of Section 134 read with the rule 8 of the Companies (Accounts) Rules, 2014 regarding
conservation of energy, and technology absorption are as under:
(a) Conservation of energy
(i) The Company always endeavors to adopt mechanism for conservation of energy.
(ii) There is no immediate plan to explore possibility of utilization of alternate sources of energy.
(iii) During the year the Company has not made any major capital expenditure on energy conservation equipment.
(b)Technology absorption
Till date the Company has not adopted any foreign technology.
The Foreign Exchange earnings and outflow are summarized as below:
Inflow Nil
Outflow Rs. 1,29,92,195/-
23. Prevention of Sexual Harassment of Women at Workplace (“POSH”)
The Company is committed to provide a safe and conducive work environment to its employees.Further Company ensures that there is a
healthy and safe atmosphere for every women employee at the workplace and made the necessary policies for safe and secure environment
for women employees
Your Directors further state that during the year under review, there were no cases filed pursuant to the Sexual harassment of women at
workplace (Prevention, Prohibition & Redressal) Act, 2013.
24. Appreciation:
Your Directors wish to place on record their sincere thanks and appreciation for the devoted services rendered by the employees of the
Company at all levels. We also place on record our appreciation to the Banks, and other business associates and Government Authorities for
their valuable co-operation and support from time to time. We would also like to express our thanks to our Shareholders for their continued
confidence in the company.
10
For and on behalf of the Board of Directors
of Aquagri Processing Private Limited
(Abhiram Seth) (Sanjay Gupta)
Managing Director Director
DIN No. :00176144 DIN No. : 07834015
R/o18, Anand Lok, R/o B-1/38, Janak Puri,
New Delhi-110049 New Delhi-110058
Place: New Delhi
Date: 18.05.2022
ANNEXURE-1
Form AOC-1
(Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules, 2014)
Statement containing salient features of the financial statement of subsidiaries or associate companies or joint ventures
Part A Subsidiaries
Sl. No.-1Name of the subsidiary: Aquagri Greentech Private LimitedThe date since when subsidiary was acquired: 7th December,
2018Reporting period for the subsidiary concerned, if different from the holding company’s reporting period. N/AReporting currency and
Exchange rate as on the last date of the relevant Financial year in the case of foreign subsidiaries: N/AShare capital: Rs. 1,25,00,000Reserves
and surplus: Rs. (17,03,336)Total assets: Rs. 138,55,320Total Liabilities: 30,58,656Investments: nilTurnover: Rs. 2,90,87,262Profit before
taxation: Rs. 8,09,376Provision for taxation: NilProfit after taxation: Rs. **8,08,873Proposed Dividend: nilExtent of shareholding (in
percentage):75%
** Rs.503 is deducting for tax adjustment for earlier years.
Part B Associates and Joint Ventures
Statement pursuant to Section 129(3) of the Companies Act, 2013 related to Associate Companies:- N/A
Name of Associates -
1. Latest audited Balance Sheet Date -
11
2.Date on which the Associate was associated or acquired -
3.Shares of Associate held by the company on the year end -
No. -
Amount of Investment in Associates or Joint Venture -
Extent of Holding (in percentage) -
4.Description of how there is significant influence

-
5.Reason why the associate is not consolidated -
6. Net worth attributable to shareholding as per latest audited Balance Sheet -
7. Profit or Loss for the year -
i. Considered in Consolidation -
ii. Not Considered in Consolidation -
For and on ehalf of the Board of Directors
(Abhiram Seth) (Sanjay Gupta)
DIN No. :00176144 DIN No. : 07834015
R/o18, Anand Lok, R/o B-1/38, Janak Puri,
New Delhi-110049 New Delhi-110058
Place: New Delhi
Date: 18.05.2022
12
ANNEXURE-3
FORM NO. MGT 9
EXTRACT OF ANNUAL RETURN
As on financial year ended on 31.03.2022
Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company (Management & Administration) Rules, 2014.
REGISTRATION & OTHER DETAILS:
CIN U01229DL2007PTC194698
Registration Date 19/12/2007
Name of the Company AQUAGRI PROCESSING PRIVATE LIMITED
Category/Sub-category of the Company PRIVATE COMPANY LIMITED BY SHARE
284, SULTAN SADAN, L-3 WESTEND MARG,

SAIDULAJAIB, NEW DELHI-110030
Address of the Registered office & contact details
PH: 011-29536406/07
Email: cs.anupmakhanna@aquagri.in
Whether listed company NO
Name, Address & contact details of the Registrar &

NOT APPLICABLE
Transfer Agent, if any.
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY (All the business activities contributing 10 % or more of the total turnover of
the company shall be stated)
% to total turnover of the

NIC Code of the
S. Name and Description of main products / company
Product/service
No. services
1 Sea Weed Cultivation & Processing 05022 100%
13
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES –
Holding/
% of
Sl. Subsidiary/ Applicable
Name and address of the Company CIN/GLN shares
No. Section
held
Associate
Aquagri Greentech Private Limited
Khasra No. 284, Sultan Sadan, L-3, Westend Marg,

Saidulajaib, New Delhi- 110030
1 U01403DL2013PTC352684 subsidiary 75% 2(87)
DSD
IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
A) Category-wise Share Holding
No. of Shares
No. of Shares %
held at the end
held at the Change
Category of of the year
beginning of the during
Shareholders
year[As on the
[As on
31-March-2021] year
31-March-2022]
% of % of
Demat Physical Total Total Demat Physical Total Total
Shares Shares
A. Promoter s
(1) Indian
a) Individual/
- 4476988 4476988 50.00 4476988 - 4476988 50.00 -
HUF
14
b) Central Govt - - - - - - - - -
c) State Govt(s) - - - - - - - - -
d) Bodies Corp. - - - - - - - - -
e) Banks / FI - - - - - - - - -
f) Any other - - - - - - - - -
Sub Total (A)(1) - 4476988 4476988 50.00 4476988 - 4476988 50.00
(2) Foreign
a) NRI
- - - - - - - - -
Individuals
b) Other
- - - - - - - - -
Individuals
c) Bodies
- - - - - - - - -
Corp.
d) Any Other - - - - - - - - -
Sub Total (A)(2) - - - - - - - - -
Total
shareholding of - 4476988 4476988 50.00 4476988 - 4476988 50.00
Promoter (A)
B. Public
Shareholding
1. Institutions
a) Mutual
- - - - - - - - -
Funds
15
b) Banks / FI - - - - - - - - -
c) Central Govt - - - - - - - - -
d) State Govt(s) - - - - - - - - -
e) Venture
- - - - - - - - -
Capital Funds
f) Insurance
- - - - - - - - -
Companies
g) FIIs - - - - - - - - -
h) Foreign
Venture Capital - - - - - - - - -
Funds
i) Others
- - - - - - - - -
(specify)
Sub-total
- - - - - - - - -
(B)(1):-
2.
Non-Institutions
a) Bodies Corp. - - - - - - - - -
i) Indian - 4476988 4476988 50.00 - 4476988 4476988 50.00 -
ii) Overseas - - - - - - - - -
b) Individuals - - - - - - - - -
i) Individual
shareholders
16
holding nominal - - - - - - - -
share capital
upto Rs. 1 lakh
ii) Individual
shareholders
holding nominal
- - - - - - - - -
share capital in
excess of Rs 1
lakh
c) Others
- - - - - - - - -
(specify)
Non Resident
- - - - - - - - -
Indians
Overseas
Corporate - - - - - - - - -
Bodies
Foreign
- - - - - - - - -
Nationals
Clearing
- - - - - - - - -
Members
Trusts - - - - - - - - -
Foreign Bodies
- - - - - - - - -
-DR
Sub-total
- 4476988 4476988 50.00 - 4476988 4476988 50.00
(B)(2):-
Total Public
Shareholding
- - - - - - - -
(B)=(B)(1)+
(B)(2)
-
C. Shares held
by Custodian
- - - - - - - - -
for GDRs &
ADRs
Grand Total
- 8953976 8953976 100.00 4476988 4476988 8953976 100.00 NIL
(A+B+C)
17
(B) Shareholding of Promoter-
C) Change in Promoters’ Shareholding (please specify, if there is no change)
Shareholding at Shareholding % change in

Shareholder’s
SN the beginning at the end of shareholding
Name
of the year the year during the year
%of Shares % of total %of Shares

% of total
Pledged / No. of Shares of Pledged /
No. of Shares Shares of the
encumbered to Shares the encumbered to
company
total shares company total shares
Mr. Abhiram
1 9,76,988 10.91% - 9,76,988 10.91% - -
Seth
Mr. Tanmaye
2. 29,00,000 32.39% - 29,00,000 32.39% - -
Seth
Mrs. Radhika
3. 6,00,000 6.70% - 6,00,000 6.70% - -
Seth
Total 4476988 50.00% - 4476988 50.00% - -
Shareholding at Cumulative
SN Particulars the beginning of Shareholding
the year during the year
% of total % of total
No. of
shares of the No. of shares shares of the
shares
company company
18
At the beginning of the year :

4476988 50.00% - -
Date wise Increase / Decrease in Promoters Shareholding during the

year specifying the reasons for increase / decrease (e.g. allotment
/transfer / bonus/ sweat equity etc.): - -
Promoter shareholding is as follows and no change during the year:

- -
Abhiram Seth- 9,76,988
Tanmaye Seth – 29,00,000
Radhika Seth -6,00,000 - -
-
At the end of the year 4476988 50.00% -
D) Shareholding Pattern of top ten Shareholders:
(Other than Directors, Promoters and Holders of GDRs and ADRs):
Shareholding at the
For Each of the Top 10
beginning Cumulative Shareholding
SN
during the year
Shareholders
of the year
No. of
shares of the No. of shares shares of the company
shares
company \
IFFCO E- BAZAR Limited
At the beginning of the year

4476988 50.00 4476988 50.00
31.03.2021
19
At the end of the year 4476988 50.00 4476988 50.00

31.03.2022
E) Shareholding of Directors and Key Managerial Personnel:
Cumulative
Shareholding at
Increase/Decrease in Shareholding
Shareholding of each Directors and the beginning
SN shareholding during the during the
each Key Managerial Personnel
year
of the year
Year
No. of
shares
company company
Name of the Directors
1 Mr. Abhiram Seth 9,76,988 10.91% - - -
2. Mr. Tanmaye Seth 29,00,000 32.39% - - -
Total 3876988 43.30 - - -
V) INDEBTEDNESS -Indebtedness of the Company including interest outstanding/accrued but not due for payment.
Secured Loans excluding Unsecured Total

Deposits
deposits Loans Indebtedness
Particulars
Indebtedness at the beginning of the

financial year
i) Principal Amount 0 6000000 0 6000000
ii) Interest due but not paid 0 0 0 0
iii) Interest accrued but not due 0 180000 0 180000
20
Total (i+ii+iii) 0 6180000 0 6180000
Change in Indebtedness during the financial

year
* Addition 0 0 0 0
* Reduction 0 -772500 0 -772500
Net Change 0 -772500 0 -772500
Indebtedness at the end of the financial

year
Total (i+ii+iii) 0 5407500 0 5407500
21
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL-
A. Remuneration to Managing Director, Whole-time Directors and/or Manager:
Particulars of Total
SN.
Remuneration Amount(Rs/Lac)
Mr. Abhiram Mr. Tanmaye

Name
Seth Seth
Managing WTD (working

Designation
Director Director)
1 Gross salary
(a) Salary as per provisions contained in section 17(1) of the

1,03,95,600 63,60,000
Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 2,12,449 3,11,136
(c) Profits in lieu of salary under section 17(3) Income- tax

- -
Act, 1961
2 Stock Option - -
3 Sweat Equity - -
Commission
- as % of profit
4 - others, specify… -
Others, please
specify
5 - -
Total (A)
10608049 6671136
22
Ceiling as per the

Act
B. Remuneration to other directors
Name of Total
SN. Particulars of Remuneration
Directors Amount
(Rs./Lac)
23
Independent Directors
Fee for attending board committee

NIL NIL NIL NIL
meetings
Commission - - - -
Others, please specify - - -
Total (1)
Other Non-Executive
2
Directors

meetings
Commission - - -
-
Others, please specify - - - -
Total (2)
Total (B)=(1+2)
Total Managerial
- - -
Remuneration
-
Overall Ceiling as per the

- - -
Act
24
C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN
MD/MANAGER/WTD:
Particulars of Key Managerial

SN
Remuneration Personnel
Total
Name
Amount
25
Designation CFO (Rs/Lac)
1 Gross salary

(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 NOT APPLICABLE
(c) Profits in lieu of salary under section 17(3) Income-tax Act,

-
1961
2 Stock Option -
3 Sweat Equity -
4 Commission -
- as % of profit -
others, specify… -
Others, please
5 -
specify
Total
VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:
Appeal
Authority
made,
Section of the Brief Details of Penalty / Punishment/ [RD /
Type if any
Companies Act Description Compounding fees imposed NCLT/
(give
COURT]
Details)
A. COMPANY
Penalty NIL
26
Punishment NIL
Compounding NIL
B. DIRECTORS
Penalty NIL
Punishment NIL
Compounding NIL
C. OTHER OFFICERS
IN DEFAULT
Penalty NIL
Punishment NIL
Compounding NIL
27
Abhiram Seth Sanjay Gupta
(Managing Director) (Director)
DIN- 00176144 DIN-07834015
Place: New Delhi
Date: 18.05.2022
Description of state of companies affair

2. State of the Company’s Affairs: Your Company during the year under report has been able to maintain a healthy growth patterninspite of
the challenges posed by the COVID related disruptions especially in the first quarter. The Company’s gross turnover increased by 25.36% to
184.33Crores during the year compared to 147.04Crores in previous year. Profit before Tax increased to 41.71 Crores compared to
33.15Crore in last financial year. We contributed Rs. 10.57 Crores by way of the taxes to the exchequer. In spite of the disruptions in
operations caused by closures and restrictions imposed by the government to combat the medical emergency faced by the country, we were
able to deliver high growth on an enlarged base. We would like to congratulate our team who quickly adjusted to the changed circumstances
and in spite of many personal difficulties managed to keep the company on the growth path and delivering a growth of over 25.36%. Our
profits also kept pace with the revenue growth without resorting to any price increases even though we faced significant cost increases for our
key inputs. This was achieved by improving productivity, achieving higher capacity utilization and by better leverage of our fixed costs.
These results have been possible due to the commitment and hard work of the entire team. The support extended by IFFCO and IFFCO E
Bazaar teams to manage the supply chain played a key role in the delivery of these results. Your company’s expansion plan was delayed due
to the supply chain challenges faced by our vendors as also the unprecedented rains at the beginning of this financial year. However the new
large capacity plant has now been commissioned successfully. With this expansion we have more than quadrupled our capacity to produce
Sagarika Liquid. Practice of together applying Sagarika Liquid and IFFCO’s Nano Urea, is being adopted by farmers across the country, for
climate smart and climate resilient agriculture. This should provide an oppor
Disclosures relating to amount recommended to be paid as dividend

Your Directors are pleased to recommend a final dividend of Rs. 3.50/- per equity share for the current financial year. The dividend is subject
to the approval of shareholders in the forthcoming Annual General Meeting would result a dividend outflow of Rs. 3,13,38,916/-
Details regarding energy conservation

(i) The Company always endeavors to adopt mechanism for conservation of energy. (ii) There is no immediate plan to explore possibility of
utilization of alternate sources of energy. (iii) During the year the Company has not made any major capital expenditure on energy
conservation equipment.
Disclosures in director’s responsibility statement

Pursuant to the requirements of sub-section 134(5) of the Act with respect to Directors’ Responsibility Statement, the Directors confirm that:
i) in the preparation of the Annual Accounts for the year ended March 31, 2022, the applicable Accounting Standards read with requirements
set out under Schedule III to the Act, have been followed and there are no material departures from the same; ii) they have selected such
accounting policies and applied them consistently and made judgment and estimates that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the Company as at March 31, 2022 and of the profit of the Company for the financial year ended on that
date; iii) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of
the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; iv) they have prepared the
Annual Accounts of the Company on a going concern’ basis; and v) they have devised proper systems to ensure compliance with the
provisions of all applicable laws and that such systems were adequate and operating effectively.
28
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
Annexure
Form No. AOC-2
( Pursuant to clause (h)

of sub-section (3)of
section 134 of the Act
and Rule 8(2) of the
Companies (Accounts)
Rules, 2014)
Form for disclosure of

particulars of
contracts/arrangements
entered into by the
company with related
parties referred to in
sub-section (1) of
section 188 of the
Companies Act, 2013
including certain arms
length transactions
under Fourth proviso
thereto
Details of
contracts or
arrangements
1 or NIL
transactions
not at arm’s
length basis:
Details of
material
contracts or
arrangement
2
or
transactions
at arm’s
length basis:
Salient terms
of the
Name(s) of
Nature of Duration of contracts or Amount
the related Date(s) of
contracts / the contracts / arrangements paid as
Sr. No. party and approval by
arrangements arrangements/ or advances,
nature of the Board
/ transactions transactions transactions if any
relationship
including the
value, if any
Aquagri
29
1 Greentech Investement 2021-22 10.12.2018 Nil

Pvt. Ltd. made 1,875,000
-Subsidiary
on arm's
Sales 2021-22 length Nil
3,192,666
basis
on arm's
IFFCO E
2 Sales 2021-22 length Nil
Bazar Limited 1,290,163,019
basis
on arm's
staffing
2021-22 length Nil
service 432,500
basis
on arm's
Management
2021-22 length Nil
fees received 66,677,487
basis
Dividend paid 2021-22 05-07-21 Nil

11,192,470
Mr. Abhiram RBC

3 Remuneration 2021-22 Nil
Seth, MD 10,395,600 16.02.2022
RBC
Perquisites 2021-22 Nil
212,449 16.02.2022

2,442,470
Mr. Tanmaye RBC

4 Remuneration 2021-22 Nil
Seth, Director 6,671,136 16.02.2022

7,250,000
Ms. Radhika
Seth,
5 Dividend paid 2021-22 05-07-21 Nil
Relative of 1,500,000
Director
For and on behalf of

Board of Directors of
M/s Aquagri
Processing Private
Limited
DIN: 00176144 DIN: 07834015
Place: New Delhi
Dated: 18.05.2022
30
31
32
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
ANNEXURE-3
FORM NO. MGT 9
EXTRACT OF ANNUAL RETURN
As on financial year ended on 31.03.2022
Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company (Management & Administration) Rules, 2014.
REGISTRATION & OTHER DETAILS:
CIN U01229DL2007PTC194698
Registration Date 19/12/2007
Name of the Company AQUAGRI PROCESSING PRIVATE LIMITED
Category/Sub-category of the Company PRIVATE COMPANY LIMITED BY SHARE
284, SULTAN SADAN, L-3 WESTEND MARG,

SAIDULAJAIB, NEW DELHI-110030
Address of the Registered office & contact details
PH: 011-29536406/07
Email: cs.anupmakhanna@aquagri.in
Whether listed company NO
Name, Address & contact details of the Registrar &

NOT APPLICABLE
Transfer Agent, if any.
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY (All the business activities contributing 10 % or more of the total turnover of
the company shall be stated)
33
% to total turnover of the

NIC Code of the
S. Name and Description of main products / company
Product/service
No. services
1 Sea Weed Cultivation & Processing 05022 100%
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES –
Holding/
% of
Sl. Subsidiary/ Applicable
Name and address of the Company CIN/GLN shares
No. Section
held
Associate
Aquagri Greentech Private Limited
Khasra No. 284, Sultan Sadan, L-3, Westend Marg,

Saidulajaib, New Delhi- 110030
1 U01403DL2013PTC352684 subsidiary 75% 2(87)
DSD
IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
A) Category-wise Share Holding
No. of Shares
No. of Shares %
held at the end
held at the Change
Category of of the year
beginning of the during
Shareholders
year[As on the year
[As on
31-March-2021]
31-March-2022]
% of % of
Demat Physical Total Total Demat Physical Total Total
Shares Shares
34
A. Promoter s
(1) Indian
a) Individual/
- 4476988 4476988 50.00 4476988 - 4476988 50.00 -
HUF
b) Central Govt - - - - - - - - -
c) State Govt(s) - - - - - - - - -
d) Bodies Corp. - - - - - - - - -
e) Banks / FI - - - - - - - - -
f) Any other - - - - - - - - -
Sub Total (A)(1) - 4476988 4476988 50.00 4476988 - 4476988 50.00
(2) Foreign
a) NRI
- - - - - - - - -
Individuals
b) Other
- - - - - - - - -
Individuals
c) Bodies
- - - - - - - - -
Corp.
d) Any Other - - - - - - - - -
Sub Total (A)(2) - - - - - - - - -
Total
shareholding of - 4476988 4476988 50.00 4476988 - 4476988 50.00
Promoter (A)
35
B. Public
Shareholding
1. Institutions
a) Mutual
- - - - - - - - -
Funds
b) Banks / FI - - - - - - - - -
c) Central Govt - - - - - - - - -
d) State Govt(s) - - - - - - - - -
e) Venture
- - - - - - - - -
Capital Funds
f) Insurance
- - - - - - - - -
Companies
g) FIIs - - - - - - - - -
h) Foreign
Venture Capital - - - - - - - - -
Funds
i) Others
- - - - - - - - -
(specify)
Sub-total
- - - - - - - - -
(B)(1):-
2.
Non-Institutions
a) Bodies Corp. - - - - - - - - -
i) Indian - 4476988 4476988 50.00 - 4476988 4476988 50.00 -
36
ii) Overseas - - - - - - - - -
b) Individuals - - - - - - - - -
i) Individual
shareholders
holding nominal - - - - - - - -
share capital
upto Rs. 1 lakh
ii) Individual
shareholders
holding nominal
- - - - - - - - -
share capital in
excess of Rs 1
lakh
c) Others
- - - - - - - - -
(specify)
Non Resident
- - - - - - - - -
Indians
Overseas
Corporate - - - - - - - - -
Bodies
Foreign
- - - - - - - - -
Nationals
Clearing
- - - - - - - - -
Members
Trusts - - - - - - - - -
Foreign Bodies
- - - - - - - - -
-DR
Sub-total
- 4476988 4476988 50.00 - 4476988 4476988 50.00
(B)(2):-
Total Public
Shareholding
- - - - - - - -
(B)=(B)(1)+
(B)(2)
-
37
C. Shares held
by Custodian
- - - - - - - - -
for GDRs &
ADRs
Grand Total
- 8953976 8953976 100.00 4476988 4476988 8953976 100.00 NIL
(A+B+C)
(B) Shareholding of Promoter-
C) Change in Promoters’ Shareholding (please specify, if there is no change)
Shareholding at Shareholding % change in

Shareholder’s
SN the beginning at the end of shareholding
Name
of the year the year during the year
%of Shares % of total %of Shares

% of total
Pledged / No. of Shares of Pledged /
No. of Shares Shares of the
encumbered to Shares the encumbered to
company
total shares company total shares
Mr. Abhiram
1 9,76,988 10.91% - 9,76,988 10.91% - -
Seth
Mr. Tanmaye
2. 29,00,000 32.39% - 29,00,000 32.39% - -
Seth
Mrs. Radhika
3. 6,00,000 6.70% - 6,00,000 6.70% - -
Seth
Total 4476988 50.00% - 4476988 50.00% - -
Shareholding at Cumulative
SN Particulars the beginning of Shareholding
the year during the year
38
No. of
shares
company company
At the beginning of the year :

4476988 50.00% - -
Date wise Increase / Decrease in Promoters Shareholding during the

year specifying the reasons for increase / decrease (e.g. allotment
/transfer / bonus/ sweat equity etc.): - -
Promoter shareholding is as follows and no change during the year:

- -
Abhiram Seth- 9,76,988
Tanmaye Seth – 29,00,000
Radhika Seth -6,00,000 - -
-
At the end of the year 4476988 50.00% -
D) Shareholding Pattern of top ten Shareholders:
(Other than Directors, Promoters and Holders of GDRs and ADRs):
Shareholding at the
For Each of the Top 10
beginning Cumulative Shareholding
SN
during the year
Shareholders
of the year
No. of
shares of the No. of shares shares of the company
shares
company \
At the beginning of the year

4476988 50.00 4476988 50.00
31.03.2021
39
At the end of the year

4476988 50.00 4476988 50.00
31.03.2022
E) Shareholding of Directors and Key Managerial Personnel:
Cumulative
Shareholding at
Increase/Decrease in Shareholding
Shareholding of each Directors and the beginning
SN shareholding during the during the
each Key Managerial Personnel
year
of the year
Year
No. of
shares
company company
Name of the Directors
1 Mr. Abhiram Seth 9,76,988 10.91% - - -
2. Mr. Tanmaye Seth 29,00,000 32.39% - - -
Total 3876988 43.30 - - -
V) INDEBTEDNESS -Indebtedness of the Company including interest outstanding/accrued but not due for payment.
Secured Loans excluding Unsecured Total

Deposits
deposits Loans Indebtedness
Particulars
Indebtedness at the beginning of the

financial year
40
Total (i+ii+iii) 0 6180000 0 6180000
Change in Indebtedness during the financial

year
* Addition 0 0 0 0
* Reduction 0 -772500 0 -772500
Net Change 0 -772500 0 -772500
Indebtedness at the end of the financial

year
Total (i+ii+iii) 0 5407500 0 5407500
41
SN.

Name
Seth Seth

Designation
Director Director)
1 Gross salary

1,03,95,600 63,60,000

- -
Act, 1961
2 Stock Option - -
3 Sweat Equity - -
Commission
- as % of profit
Others, please
specify
5 - -
42
Total (A)
10608049 6671136
Ceiling as per the

Act
Name of Total
SN. Particulars of Remuneration
Directors Amount
43
(Rs./Lac)

NIL NIL NIL NIL
meetings
Commission - - - -
Total (1)
Other Non-Executive
2
Directors

meetings
Commission - - -
-
Total (2)
Total (B)=(1+2)
Total Managerial
- - -
Remuneration
-
44
Overall Ceiling as per the - - -

Act
-
MD/MANAGER/WTD:

SN
45
Total
Name
Amount
1 Gross salary


-
1961
2 Stock Option -
3 Sweat Equity -
4 Commission -
- as % of profit -
Others, please
5 -
specify
Total
VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:
Appeal
Authority
made,
Section of the Brief Details of Penalty / Punishment/ [RD /
Type if any
Companies Act Description Compounding fees imposed NCLT/
(give
COURT]
Details)
46
A. COMPANY
Penalty NIL
Punishment NIL
Compounding NIL
B. DIRECTORS
Penalty NIL
Punishment NIL
Compounding NIL
C. OTHER OFFICERS
IN DEFAULT
Penalty NIL
Punishment NIL
Compounding NIL
47
(Managing Director) (Director)
DIN- 00176144 DIN-07834015
Place: New Delhi
Date: 18.05.2022
48
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
ANNEXURE-4
Annual Report on CSR Activities to be Included in the Board's Report
For Financial Year 2021-2022
Brief outline on CSR Policy of the Company.
(a) Objectives
To create livelihood opportunities, to empower the disadvantaged and to support creation of basic infrastructure to improve the living
conditions.
(b) Initiate
Specific projects and programs for achieving the objectives by encouraging the employee’s involvement /agency in the implementation in
order to develop meaningful contact with beneficiaries.
(c) Focus Domain
Since our resources are limited, we will focus on development and upliftment of the coastal communities who are our key partners and
stakeholders of our business and/or any of the activities as specified in CSR calendar.
(d) CSR Activities:
1. Projects/Programs will be identified for the development and upliftment of the coastal communities and budgets will be allocated for them
through a process incorporating identification of suitable implementation agencies/self, need assessment (where ever required) and clear
outlining of desired outcomes.
2. The CSR projects / programs / initiatives, will be undertaken within the purview of the Schedule – VII of the Companies Act, 2013 (as
modified from time to time).
3Aquagri will lay emphasis on the sustainability of its projects / programmes to ensure they remain relevant and viable even upon
disengagement at the end of the project period.
4. Aquagri may also consider participation in larger Projects/Programmes where more than one corporate / National / Multi-lateral Agency is
involved.
49
2. Composition of CSR Committee:
Sl. Name of Designation / Nature Number of meetings of CSR Number of meetings of CSR
No. Director of Directorship Committee held during the year Committee attended during the year
1. Mr. Ved Pal Chairman 2 2
Dr.
2. Tarunendu Member 2 2
Singh
Mr.
3. Tanmaye Member 2 2
Seth
3. Provide the web-link where Composition of CSR committee, CSR Policy and CSR projects approved by the board are disclosed on the
website of the company: http://aquagri.in/sustainability
4. Provide the details of Impact assessment of CSR projects carried out in pursuance of sub-rule (3) of rule 8 of the Companies (Corporate
Social responsibility Policy) Rules, 2014, if applicable (attach the report)- N/A
5. Details of the amount available for set off in pursuance of sub-rule (3) of rule 7 of the Companies (Corporate Social responsibility Policy)
Rules, 2014 and amount required for set off for the financial year, if any-N/A
Sl. Financial Amount available for set-off from preceding Amount required to be set-off for the financial
No. Year financial years (in Rs) year, if any (in Rs)
1 -------------- ---------------------------------- -------------------------------
50
2 --------------- ---------------------------------- -------------------------------
3 ---------------- -------------------------------- -------------------------------
Total
6. Average net profit of the company as per section 135(5): Rs. 19,23,26,639/-
7. (a) Two percent of average net profit of the company as per section 135(5) Rs. 38,46,533/-
(b) Surplus arising out of the CSR projects or programmes or activities of the previous financial years. –N/A
(c) Amount required to be set off for the financial year, if any-N/A
(d) Total CSR obligation for the financial year (7a+7b-7c): Rs. 38,46,533/-
8. (a) CSR amount spent or unspent for the financial year:
Total Amount Spent for the Amount Unspent (in Rs.)

Financial Year. (in Rs.)
Total Amount transferred to Amount transferred to any fund specified

Unspent CSR Account as per under Schedule VII as per second proviso
section 135(6). to section 135(5).
Date of Name of Date of

Amount. Amount.
transfer. the Fund transfer.
38,53,301 ----------- ----------- ------------- ----------- -----------
(b) Details of CSR amount spent against ongoing projects for the financial year:
51
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
Amount
transferred
Item to
Amount
from the Unspent
Amount spent in Mode of
list of CSR Mode of
Name Location allocated the Implementatio
Sl. activities Local area Project Account Implementation
of the of the for the current - Through
No. in (Yes/No). duration. for the - Direct
Project. project. project financial Implementing
Schedule project as (Yes/No).
(in Rs.). Year (in Agency
VII to the per
Rs.).
Act. Section
135(6) (in
Rs.).
CSR
State. District. Name Registration
number.
--- ------ ------- ------ -------- ----- -------- -------- ------- --------------
(d) Details of CSR amount spent against other than ongoing projects for the financial year:
Mode of
Mode of
Item from the Local Amount Spent for Implementation
S. No Location Implementation-
Name of the list of activities Area the Project
of the Through
Project in Schedule -Direct
Project Implementing
VII to the Act (Yes/no) (in Rs.)
Agency
(yes/No)
State District
Name CSR Reg. No
Oxygen
Concentrators
to
Disaster Tamil
1. Government Yes Sivagangai 4,45,000 Yes -
management Nadu
hospitals for
treatment of
COVID
Support for
Emergency
Medical &
Support New
Yug
service for Disaster Delhi
2. No Central Delhi 5,00,000 No Sanskriti
COVID-19 management
Nyas
52
through Yug
Sanskriti
Trust
Support for
education of
SOS
children Promoting New
3. No South West Delhi 11,880 No Children’s
through SOS Education Delhi
Village
Children’s
Village
Contribution Training to
Uttar
4. for training of promote Rural No Basti 5,00,000 Yes -
Pradesh
sports person sports
Providing
Promoting Tamil
Desk, Ramanathapuram
Education Nadu
benches, No
5. Black Board 1,40,920 Yes -
and
Providing Promoting
Sivagangai
Hearing Aid Education Tamil
6. Yes 1,90,000
to the school Nadu
for students
Promoting No Ramanathapuram
Development Tamil
7. healthcare 26,000 Yes -
of villages nadu
and sanitation
Providing
Pudukottai
Boats and
No
help to Women Tamil
8. 12,39,501 Yes -
Women to Empowerment Nadu
earn their
Ramanathapuram
livelihood
Support Promoting
Yes
scholarship to education Tamil
9. Sivaganga 1,00,000 Yes -
students for Nadu
Education
Pudukottai
Eradication of
Support to Hunger, Tamil
10. No 2,00,000 Yes -
poor family Poverty and Nadu
malnutrition
Ramanathapuram
Support
activities
relating to Vivekananda
No
Women Women Tamil Trust
11. Tiruvannamalai 5,00,000 No
empowerment Empowerment Nadu
53
(d) Amount spent in Administrative Overheads: Nil
(e) Amount spent on Impact Assessment, if applicable: N/A
(f) Total amount spent for the Financial Year (8b+8c+8d+8e)
(g) Excess amount for set off, if any
Sl. Amount (in

Particular
No. Rs.)
(i) Two percent of average net profit of the company as per section 135(5) Nil
(ii) Total amount spent for the Financial Year Nil
(iii) Excess amount spent for the financial year [(ii)-(i)] Nil
Surplus arising out of the CSR projects or programmes or activities of the previous financial
(iv) Nil
years, if any
(v) Amount available for set off in succeeding financial years [(iii)-(iv)] Nil
9. (a) Details of Unspent CSR amount for the preceding three financial years:
Amount transferred Amount spent Amount remaining

Amount transferred to
Preceding to Unspent CSR in the to be spent in
Sl. any fund specified under
Financial Account under reporting succeeding
No. Schedule VII as per
Year. section 135 (6) (in Financial Year financial years. (in
section 135(6), if any.
Rs.) (in Rs.). Rs.)
Name
Amount
of the Date of transfer.
(in Rs).
Fund
----- ------------ ------------- ------------- ------- ------ ------ ------
54
(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s):
(1) (2) (3) (4) (5) (6) (7) (8) (9)
Total
Amount spent on Cumulative Status of
Financial Year amount
Name the project in the amount spent at the project
Sl. Project in which the Project allocated
of the reporting the end of -
No. ID. project was duration. for the
Project. Financial Year (in reporting Financial Completed
commenced. project (in
Rs). Year. (in Rs.) /Ongoing.
Rs.).
---- ----- ----- --------- ------ ----- ----- ---- ---
10. In case of creation or acquisition of capital asset, furnish the details relating to the asset so created or acquired through CSR spent in the
financial year: N/A
(asset-wise details).
(a) Date of creation or acquisition of the capital asset(s).
(b) Amount of CSR spent for creation or acquisition of capital asset.
(c) Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc.
(d) Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset).
11. Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5)- N/A
__________ ______________________
(Director) (Chairman– CSR Committee)
Place: New Delhi
Date: 18/05/2022
55
56
Disclosure of financial summary or highlights [Text Block]

1. Financial Results:
The Financial highlights of the Company for the financial year ended 31st March, 2022are as follow:
(Amount in Rs.)
Particulars
As at 31stMarch 2022 As at 31st March 2021
Operating Income 1,84,32,88,537 1,47,03,63,573
Other Income 3,98,128 11,90,271
Total Income 1,84,36,86,665 1,47,15,53,844
Total Expenditure 1,42,65,83,273 1,14,00,12,278
Operating Profit/(Losses) 41,71,03,392 33,15,41,566
Less: Prior Period Items - 3,26,997
Less: Taxes(Current Tax, FBT & Provisions for Deferred tax) 10,56,53,489 8,68,24,195
Deferred Tax 3,49,813 -27,49,274
Net Profit/(Loss) 31,11,00,090 24,71,39,648
57
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
There has been no change in the constitution of Board during the year under review i.e. the structure of the Board remains the same.
S. No. Name Designation Appointment or Resignation Appointment date or Resignation date
1. Mr. Abhiram Seth Managing Director - -
2. Mr. Sanjay Gupta Director - -
3. Mr. Ved Pal Director - -
4. Mr. Tanmaye Seth Director - -
5. Mr. Rahul Rai Director - -
6. Dr. Tarunendu Singh Director - -
58
Details relating to deposits covered under chapter v of companies act [Text Block]
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
The Company’s internal financial controls are adequate and commensurate with the nature and size of the Company and it ensures:
(a)Timely and accurate financial reporting in accordance with applicable accounting standards;
(b)Optimum utilization, efficient monitoring, timely maintenance and safety of its assets;
(c) Compliance with applicable laws, regulations and management policies.
59
Disclosure of appointment and remuneration of managerial personnels [Text Block]

SN.

Name
Seth Seth

Designation
Director Director)
1 Gross salary

1,03,95,600 63,60,000

- -
Act, 1961
2 Stock Option - -
3 Sweat Equity - -
Commission
- as % of profit
Others, please
specify
5 - -
Total (A)
60
10608049 6671136
Ceiling as per the

Act
61
SN. Particulars of Remuneration Name of Total

Directors Amount
(Rs./Lac)

NIL NIL NIL NIL
meetings
Commission - - - -
Total (1)
Other Non-Executive
2
Directors

meetings
Commission - - -
-
Total (2)
Total (B)=(1+2)
Total Managerial
- - -
Remuneration
-
62
Overall Ceiling as per the

- - -
Act
-
MD/MANAGER/WTD:
63

SN
Total
Name
Amount
1 Gross salary


-
1961
2 Stock Option -
3 Sweat Equity -
4 Commission -
- as % of profit -
Others, please
5 -
specify
Total
64
[400200] Disclosures - Auditors report
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark applicable
[Member] [Member]
01/04/2021 01/04/2021
to to
31/03/2022 31/03/2022
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [LineItems]
Textual information
Disclosure in auditors report relating to fixed assets (14) [See below]
Textual information
Disclosure in auditors report relating to inventories (15) [See below]
Textual information
Disclosure in auditors report relating to loans (16) [See below]
Disclosure about loans granted to parties covered under section 189 of companies Textual information
act (17) [See below]
iv. The Company
has complied with
the provisions of
section 185 and 186
of the Companies
Disclosure in auditors report relating to compliance with Section 185 and 186 of
Act, 2013, with
Companies Act, 2013 respect to the loans
and investments,
etc., as provided in
clause 3 (iv) of the
Order
Textual information
Disclosure in auditors report relating to deposits accepted (18) [See below]
vi. As informed to
us, the Central
Government has not
prescribed
maintenance of cost
records under
Disclosure in auditors report relating to maintenance of cost records sub-section (1) of
section 148 of the
Companies Act,
2013 in respect of
the products of the
Company.
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (19) [See below]
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (20) [See below]
Disclosure in auditors report relating to public offer and term loans used for Textual information
purpose for which those were raised (21) [See below]
Disclosure in auditors report relating to fraud by the company or on the Textual information
company by its officers or its employees reported during period (22) [See below]
Textual information
Disclosure in auditors report relating to managerial remuneration (23) [See below]
xii. In our opinion,
the Company is not
a nidhi company.
Therefore, the
Disclosure in auditors report relating to Nidhi Company provisions of clause
3 (xii) of the Order
are not applicable to
the Company.
Textual information
Disclosure in auditors report relating to transactions with related parties (24) [See below]
(b) The Company
has not made any
preferential
allotment or private
placement of shares
Disclosure in auditors report relating to preferential allotment or private
or convertible
placement of shares or convertible debentures debentures (fully,
partially or
optionally
convertible) during
the year.
65
xv. The Company

has not entered into
non-cash
transactions with
Disclosure in auditors report relating to non-cash transactions with directors directors or persons
or persons connected with him connected with
them. Accordingly,
clause 3(xv) of the
Order is not
applicable.
Disclosure in auditors report relating to registration under section 45-IA of Textual information
Reserve Bank of India Act, 1934 (25) [See below]
Details regarding auditors [Table] ..(1)

Auditors [Axis] Auditors 1
01/04/2021
to
31/03/2022
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Oswal Sunil &
Name of audit firm Company
Name of auditor signing report Amit Nowlakha
Firms registration number of audit firm 016520N
Membership number of auditor 513504
71, DARYAGANJ,
Address of auditors N E W
DELHI-110002
Permanent account number of auditor or auditor's firm AABFO2315D
SRN of form ADT-1 G55889315
Date of signing audit report by auditors 18/05/2022
Date of signing of balance sheet by auditors 18/05/2022

01/04/2021
to
31/03/2022
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
Disclosure in auditors report relating to fixed assets

i. In respect of the Company’s Property, Plant and Equipment and Intangible Assets: (a) (A) The Company has maintained proper records
showing full particulars, including quantitative details and situation of Property, Plant and Equipment; (B) The Company has maintained
proper records showing full particulars of intangible assets. (b) Property, Plant and Equipment of the Company have been physically verified
by the management during the year and there is as regular program of verification which, in our opinion, is reasonable having regard to the
size of the Company and nature of its assets. As informed, on such physical verification, certain variations were noted by the management
which is subject to further reconciliation and adjustments in the Books of Accounts as at March 31, 2022. The Management does not expect
any material shortage on completion of such reconciliation. (c) The title deeds of all the immovable properties (other than properties where
the company is the lessee and the lease agreements are duly executed in favour of the lessee) disclosed in the financial statements are held in
the name of the Company (d) The Company has not revalued any of its Property, Plant and Equipment and intangible assets during the year
(e) No proceedings have been initiated during the year or are pending against the Company as at March 31, 2022 for holding any benami
property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder.
Disclosure in auditors report relating to inventories

ii. (a) The Company’s inventory comprises of agroproducts. As per the information furnished, the Inventories have been physically verified
by the management at reasonable intervals during the year. In our opinion, having regard to the size, nature and location of inventory, the
coverage and procedure of such verification by the management is appropriate and no discrepancies of 10% or more in aggregate for each
class of inventory were noticed on such verification conducted by the Company.
66
Disclosure in auditors report relating to loans

(b) The Company has been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks on the basis of security
of current assets. As per the information and explanation given to us, the quarterly returns or statements filed by the company with banks are
not in agreement with the books of accounts of the Company. Details of the same are as follows: (Rs. In Lakhs) Quarter Name of Bank
Particulars of Securities provided Amount as per books of accounts Amount as reported in quarterly statement Amount of difference Jun-21
HDFC BANK LTD Receivable 3,157.93 3,052.43 105.50 Inventories 1,114.05 1,111.54 2.51 Trade Payable 858.80 737.71 121.10 Loans and
Advances 76.32 51.17 25.15 Sep-21 HDFC BANK LTD Receivable 2,403.54 2,519.91 -116.37 Inventories 1,224.61 1,222.61 2.00 Trade
Payable 586.22 506.41 79.81 Loans and Advances 75.99 48.02 27.97 Dec-21 HDFC BANK LTD Receivable 3,200.67 3,176.95 23.71
Inventories 995.72 992.35 3.37 Trade Payable 688.20 622.31 65.89 Loans and Advances 83.11 50.89 32.22 Mar-22 HDFC BANK LTD
Trade Receivable 1,551.56 1,489.41 62.15 Inventories 1,401.20 1,387.79 13.40 Trade Payable 506.40 418.95 87.45 Loans and Advances
170.08 46.87 123.21
Disclosure about loans granted to parties covered under section 189 of companies act
iii. With respect to investments made, provided any guarantee or security or granted any loans or advances in the nature of loans, secured or
unsecured, to companies, firms, Limited Liability Partnerships or any other parties: (a) During the year the company has not provided any
guarantee or security or granted any loans or advances in the nature of loans, secured or unsecured, to companies, firms, Limited Liability
Partnerships or any other parties and hence reporting under clause 3 (iii) (a) and (c) to (f) of the Order is not applicable to that extent. (b) In
our opinion, the investments made during the year are, prima facie, not prejudicial to the Company's interest.
Disclosure in auditors report relating to deposits accepted

v. The Company has not accepted any deposits from the public and hence the directives issued by the Reserve Bank of India and the
provisions of Sections 73 to 76 or any other relevant provisions of the Act and the Companies (Acceptance of Deposit) Rules, 2015 regarding
the deposits accepted from the public are not applicable.
Disclosure in auditors report relating to statutory dues [Text Block]

There are no transactions relating to previously unrecorded income that have been surrendered or disclosed as income during the year in the
tax assessments under the Income Tax Act, 1961. Hence, reporting under clause 3 (viii) is not applicable.
Disclosure in auditors report relating to default in repayment of financial dues

(a) The Company has not defaulted in repayment of loans or other borrowings or in the payment of interest thereon to any lender as at the
Balance Sheet date. (b) The Company has not been declared willful defaulter by any bank or financial institution or other lender. Hence,
reporting under clause 3 (ix) (b) is not applicable. (c) The term loans have been applied for the purpose for which these are raised. (d) On an
overall examination of the financial statements of the Company, funds raised on short-term basis have, prima facie, not been used during the
year for long-term purposes by the Company. (e) On an overall examination of the financial statements of the Company, the Company has
not taken any funds from any entity or person on account of or to meet the obligations of its subsidiary. (f) The Company has not raised loans
during the year on the pledge of securities held in its subsidiary. Hence, reporting under clause 3 (ix) (f) is not applicable.
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
(a) The Company did not raise any money by way of initial public offer or further public offer (including debt instruments) during the year.
Accordingly, clause 3 (x) of the Order is not applicable. (b) The Company has not made any preferential allotment or private placement of
shares or convertible debentures (fully, partially or optionally convertible) during the year.
67
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
(a) We report that no fraud by the Company and no fraud on the Company has been noticed or reported during the year. (b) To the best of our
knowledge and belief, no report under sub-section (12) of section 143 of the Companies Act has been filed by the auditors in Form ADT-4 as
prescribed under rule 13 of the Companies (Audit and Auditors) Rules, 2014 with the Central Government. (c) As represented to us by the
management, there are no whistle-blower complaints received during the year by the Company
Disclosure in auditors report relating to managerial remuneration

The Company being a private limited company and hence comment over compliance with the provisions of section 197 read with schedule V
of the Companies Act, 2013, with respect to the managerial remunerations, is not applicable
Disclosure in auditors report relating to transactions with related parties

xiii. In our opinion, all transactions with the related parties are in compliance with section 177 and 188 of Companies Act, 2013 and the
details have been disclosed in the Financial Statements as required by the applicable accounting standards.
Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India Act, 1934
xvi. The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934 and accordingly, the
provisions of clause 3 (xvi) of the Order are not applicable to the Company and hence not commented upon.
68
Disclosure in auditor’s report explanatory [Text Block]
INDEPENDENT AUDITOR’S REPORT
To the Members of Aquagri Processing Private Limited
Report on the Audit of the Financial Statements
Opinion
We have audited the accompanying financial statements of Aquagri Processing Private Limited (“the Company”), which comprise the
balance sheet as at March 31, 2022, the statement of Profit and Loss and the statement of cash flows for the year then ended, and notes to the
financial statements, including a summary of significant accounting policies and other explanatory information.
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the
information required by the Companies Act, 2013 (“the Act”) in the manner so required and give a true and fair view in conformity with the
accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2022, its profit and its cash flows for
the year ended on that date.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013.
Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements
section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered
Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of
the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these
requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
Emphasis of Matter
(a) We draw attention to Note 26.18 of the financial statements which state that physical verification of Property Plant and Equipment is
carried out by the Management and certain variations were noted on such verification which is subject to further reconciliation and
adjustments in the Books of Accounts as at March 31, 2022. The Management does not expect any material shortage on such reconciliation.
69
(b) Foreign currency receivable of Rs. 74.56 Lakhs has been outstanding for a period which is beyond the prescribed period for settlement
of such balances as per the Reserve Bank of India (RBI) guidelines.
Our opinion is not modified in respect of this matter.
Other Information
The Company’s Board of Directors is responsible for the preparation of other information. The other information comprises the information
included in the in the Board’s Report including Annexures to Board’s Report, but does not include the financial statements and our auditor’s
report thereon.
Our opinion on the financial statements does not cover the other information and we will not express any form of assurance conclusion
thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether
the other information is materially inconsistent with the financial statements or our knowledge obtained during the course of our audit, or
otherwise appears to be materially misstated.
When we read the other information comprising the above documents, if we conclude that there is a material misstatement therein, we are
required to report the fact. We have nothing to report in this regard.
Management’s Responsibility for the Financial Statements
The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with
respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash
flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards
specified under Section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the
provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection
and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design,
implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to the preparation and presentation of the financial statement that give a true and fair view
and are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern,
disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends
to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company’s financial reporting process.
70
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement,
whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but
is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements
can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit.
We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit
procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk
of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the
circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate
internal financial controls system in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by
management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained,
whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a
going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related
disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit
evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as
a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial
statements represent the underlying transactions and events in a manner that achieves fair presentation.
Materiality is the magnitude of misstatements in the financial statements that, individually or in aggregate, makes it probable that the
economic decisions of a reasonably knowledgeable user of the financial statements may be influenced. We consider quantitative materiality
and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of
any identified misstatements in the financial statements.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our
independence, and where applicable, related safeguards.
71
Report on Other Legal and Regulatory Requirements
As required by the Companies (Auditor’s Report) Order, 2020 (“the Order”), issued by the Central Government of India in terms of
sub-section (11) of Section 143 of the Companies Act, 2013, we give in the “Annexure-A” a statement on the matters specified in paragraphs
3 and 4 of the Order.
As required by Section 143(3) of the Act, we report that:
(a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit.
(b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of
those books.
(c) the balance sheet, the statement of profit and loss and the statement of cash flows dealt with by this Report are in agreement with the
books of account.
(d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with
relevant rules issued thereunder.
(e) On the basis of the written representations received from the directors as on March 31, 2022 taken on record by the Board of Directors,
none of the directors is disqualified as on March 31, 2022 from being appointed as a director in terms of Section 164 (2) of the Act.
(f) With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness of
such controls, refer to our separate Report in “Annexure B”.
(g) With respect to the other matters to be included in the Auditor’s Report in accordance with the requirements of Section 197(16) of the
Act, as amended.
The Company being a private limited company and hence comment over compliance with the provisions of section 197 read with schedule V
of the Companies Act, 2013, with respect to the managerial remunerations, is not applicable.
(h) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and
Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
72
i. The Company has disclosed the impact of pending litigations on its financial position in its financial statements – Refer Note
26.1 to the financial statements;
ii. The Company has made provision, as required under the applicable law or accounting standards, for material foreseeable losses,
if any, on long-term contracts. The Company does not have any derivative contracts.
iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company –
Refer Note 26.1 to the financial statements;
iv. (a) The Management has represented that, to the best of it’s knowledge and belief, no funds have been advanced or loaned or
invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person(s) or
entity(ies), including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the
Intermediary shall, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
(b) The Management has represented, that, to the best of it’s knowledge and belief, no funds have been received by the Company from any
person(s) or entity(ies), including foreign entities (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that
the Company shall, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
Funding Party (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
(c) Based on the audit procedures performed that have been considered reasonable and appropriate in the circumstances, nothing has come to
our notice that has caused us to believe that the representations under sub-clause (i) and (ii) of Rule 11(e) contain any material mis-statement.
v. The final dividend paid by the Company during the year in respect of the same declared for the previous year is in accordance
with section 123 of the Companies Act 2013 to the extent it applies to payment of dividend.
As stated in note 4 to the financial statements, the Board of Directors of the Company have proposed final dividend for the year which is
subject to the approval of the members at the ensuing Annual General Meeting. The dividend declared is in accordance with section 123 of
the Act to the extent it applies to declaration of dividend.
For Oswal Sunil & Company
Chartered Accountants
Firm Registration No. 016520N
73
(Amit Nowlakha)
Partner
Membership No: 513504
UDIN: 22513504AJRJUC6379
Place: New Delhi
Date: 18.05.2022
ANNEXURE ‘A’ TO THE INDEPENDENT AUDITORS’ REPORT
(Referred to in “Paragraph-A” under ‘Report on Other Legal and Regulatory Requirements’ section of our report to the Members of Aquagri
Processing Private Limited of even date)
To the best of our information and according to the explanations provided to us by the Company and the books of account and records
examined by us in the normal course of audit, we state that:
In respect of the Company’s Property, Plant and Equipment and Intangible Assets:
(a) (A) The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant
and Equipment;
(B) The Company has maintained proper records showing full particulars of intangible assets.
(b) Property, Plant and Equipment of the Company have been physically verified by the management during the year and there is as regular
program of verification which, in our opinion, is reasonable having regard to the size of the Company and nature of its assets. As informed,
on such physical verification, certain variations were noted by the management which is subject to further reconciliation and adjustments in
the Books of Accounts as at March 31, 2022. The Management does not expect any material shortage on completion of such reconciliation.
(c) The title deeds of all the immovable properties (other than properties where the company is the lessee and the lease agreements are duly
executed in favour of the lessee) disclosed in the financial statements are held in the name of the Company
74
(d) The Company has not revalued any of its Property, Plant and Equipment and intangible assets during the year
(e) No proceedings have been initiated during the year or are pending against the Company as at March 31, 2022 for holding any benami
property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder.
(a) The Company’s inventory comprises of agro products. As per the information furnished, the Inventories have been physically verified
by the management at reasonable intervals during the year. In our opinion, having regard to the size, nature and location of inventory, the
coverage and procedure of such verification by the management is appropriate and no discrepancies of 10% or more in aggregate for each
class of inventory were noticed on such verification conducted by the Company.
(b) The Company has been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks on the basis of security
of current assets. As per the information and explanation given to us, the quarterly returns or statements filed by the company with banks are
not in agreement with the books of accounts of the Company. Details of the same are as follows:
(Rs. In
Lakhs)
Name of Particulars of Amount as per books Amount as reported in Amount of

Quarter
Bank Securities provided of accounts quarterly statement difference
HDFC
Jun-21 Receivable 3,157.93 3,052.43
BANK LTD 105.50
Inventories 1,111.54 2.51

1,114.05
Trade
737.71 121.10
Payable 858.80
Loans and
51.17 25.15
Advances 76.32
HDFC
Sep-21 Receivable 2,403.54 2,519.91
BANK LTD -116.37

1,224.61
75
Trade 506.41 79.81

Payable 586.22
Loans and
48.02 27.97
Advances 75.99
HDFC
Dec-21 Receivable 3,200.67 3,176.95 23.71
BANK LTD
Inventories 992.35 3.37

995.72
Trade
622.31 65.89
Payable 688.20
Loans and
50.89 32.22
Advances 83.11
HDFC
Mar-22 Trade Receivable 1,551.56 1,489.41 62.15
BANK LTD

1,401.20
Trade
418.95 87.45
Payable 506.40
Loans and
46.87 123.21
Advances 170.08
With respect to investments made, provided any guarantee or security or granted any loans or advances in the nature of loans, secured or
unsecured, to companies, firms, Limited Liability Partnerships or any other parties:
(a) During the year the company has not provided any guarantee or security or granted any loans or advances in the nature of loans,
secured or unsecured, to companies, firms, Limited Liability Partnerships or any other parties and hence reporting under clause 3 (iii) (a) and
(c) to (f) of the Order is not applicable to that extent.
(b) In our opinion, the investments made during the year are, prima facie, not prejudicial to the Company's interest.
The Company has complied with the provisions of section 185 and 186 of the Companies Act, 2013, with respect to the loans and
76
investments, etc., as provided in clause 3 (iv) of the Order
As informed to us, the Central Government has not prescribed maintenance of cost records under sub-section (1) of section 148 of the
Companies Act, 2013 in respect of the products of the Company.
(a) The Company has been generally regular in depositing undisputed statutory dues including Provident Fund, Employees State Insurance,
Income-Tax, Goods and Service Tax, Duty of Customs, Cess and any other statutory dues applicable to it.
No undisputed amounts payable in respect of the above, were in arrears as on 31st March, 2022 for a period of more than six months from
the date on when they become payable.
(b) There are no statutory dues referred to be sub-clause (a) above as at 31st March, 2022, which have not been deposited with the
appropriate authorities on account of any dispute.
There are no transactions relating to previously unrecorded income that have been surrendered or disclosed as income during the year in the
tax assessments under the Income Tax Act, 1961. Hence, reporting under clause 3 (viii) is not applicable.
(a) The Company has not defaulted in repayment of loans or other borrowings or in the payment of interest thereon to any lender as at the
Balance Sheet date.
(b) The Company has not been declared willful defaulter by any bank or financial institution or other lender. Hence, reporting under clause
3 (ix) (b) is not applicable.
(c) The term loans have been applied for the purpose for which these are raised.
(d) On an overall examination of the financial statements of the Company, funds raised on short-term basis have, prima facie, not been used
during the year for long-term purposes by the Company.
(e) On an overall examination of the financial statements of the Company, the Company has not taken any funds from any entity or person
on account of or to meet the obligations of its subsidiary.
77
(f) The Company has not raised loans during the year on the pledge of securities held in its subsidiary. Hence, reporting under clause 3 (ix)
(f) is not applicable.
(a) The Company did not raise any money by way of initial public offer or further public offer (including debt instruments) during the year.
Accordingly, clause 3 (x) of the Order is not applicable.
(b) The Company has not made any preferential allotment or private placement of shares or convertible debentures (fully, partially or
optionally convertible) during the year.
(a) We report that no fraud by the Company and no fraud on the Company has been noticed or reported during the year.
(b) To the best of our knowledge and belief, no report under sub-section (12) of section 143 of the Companies Act has been filed by the
auditors in Form ADT-4 as prescribed under rule 13 of the Companies (Audit and Auditors) Rules, 2014 with the Central Government.
(c) As represented to us by the management, there are no whistle-blower complaints received during the year by the Company
In our opinion, the Company is not a nidhi company. Therefore, the provisions of clause 3 (xii) of the Order are not applicable to the
Company.
In our opinion, all transactions with the related parties are in compliance with section 177 and 188 of Companies Act, 2013 and the details
have been disclosed in the Financial Statements as required by the applicable accounting standards.
(a) The company does not have an internal audit system and is not required to have an internal audit system as per provisions of the
Companies Act 2013.
(b) The company did not have an internal audit system for the period under audit.
The Company has not entered into non-cash transactions with directors or persons connected with them. Accordingly, clause 3(xv) of the
Order is not applicable.
The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934 and accordingly, the provisions of
clause 3 (xvi) of the Order are not applicable to the Company and hence not commented upon.
78
The Company has not incurred cash losses during the financial year covered by our audit and the immediately preceding financial year.
There has been no resignation of the statutory auditors during the year. hence reporting under clause 3(xviii) is not applicable.
According to the information and explanations given to us and on the basis of the financial ratios, ageing and expected dates of realization of
financial assets and payment of financial liabilities, other information accompanying the financial statements, our knowledge of the Board of
Directors and management plans and based on our examination of the evidence supporting the assumptions, nothing has come to our
attention, which causes us to believe that any material uncertainty exists as on the date of the audit report that company is not capable of
meeting its liabilities existing at the date of balance sheet as and when they fall due within a period of one year from the balance sheet date.
We, however, state that this is not an assurance as to the future viability of the company. We further state that our reporting is based on the
facts up to the date of the audit report and we neither give any guarantee nor any assurance that all liabilities falling due within a period of
one year from the balance sheet date, will get discharged by the company as and when they fall due.
(a) There are no unspent amounts towards Corporate Social Responsibility (CSR) on other than ongoing projects requiring a transfer to a
Fund specified in Schedule VII to the Companies Act in compliance with second proviso to sub-section (5) of Section 135 of the said Act.
Accordingly, reporting under clause 3(xx)(a) is not applicable for the year.
(b) In respect of ongoing projects, there are no unspent Corporate Social Responsibility (CSR) amount as at the Balance Sheet date out of the
amounts that was required to be spent during the year, to a Special Account in compliance with the provision of sub-section (6) of section
135 of the said Act. Accordingly, reporting under clause 3(xx)(b) is not applicable for the year.
Based on our verification of records, we state that there have been no qualifications or adverse remarks by the component auditors in the
Companies (Auditor’s Report) Order (CARO) reports of the Subsidiary Company included in the consolidated financial statements. Hence
clause 3 (xxi) is not applicable to the Company.
(Amit Nowlakha)
Partner
79
Place: New Delhi
Date: 18.05.2022
ANNEXURE - B TO THE INDEPENDENT AUDITOR’S REPORT OF EVEN DATE ON THE FINANCIAL STATEMENTS OF
AQUAGRI PROCESSING PRIVATE LIMITED
Report on the Internal Financial Controls over financial reporting under Clause (i) of Sub-section 3 of Section 143 of the Companies Act,
2013 (“the Act”)
We have audited the internal financial controls over financial reporting of AQUAGRI PROCESSING PRIVATE LIMITED (“the Company”)
as of March 31, 2022 in conjunction with our audit of the financial statements of the Company for the year ended on that date.
Management’s Responsibility for Internal Financial Controls
The Company’s management is responsible for establishing and maintaining internal financial controls based on the internal control over
financial reporting criteria established by the Company considering the essential components of internal control stated in the guidance note
on Audit of Internal financial control over Financial Reporting issued by the Institute of Chartered Accountants of India. These
responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for
ensuring the orderly and efficient conduct of its business, including adherence to the Company’s policies, the safeguarding of its assets, the
prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable
financial information, as required under the Companies Act, 2013.
Auditor’s Responsibility
Our responsibility is to express an opinion on the Company’s internal financial controls over financial reporting based on our audit. We
conducted our audit in accordance with the Guidance Note on audit of Internal financial controls over financial reporting (the “Guidance
Note”) and the standards on auditing as specified under Section 143 (10) of the companies act, 2013, to the extent applicable to an audit of
internal financial controls, both applicable to an audit of internal financial controls and, both issued by Institute of Chartered Accountants of
India. Those standards and the guidance note require that we comply with ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether adequate Internal financial controls over financial reporting were established and maintained and if such
controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial control system over financial
reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an
understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, testing and evaluating
the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s
judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the internal
financial controls system over financial reporting.
80
Meaning of Internal Financial Controls over Financial Reporting
A company’s internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles. A company’s internal financial control over financial reporting includes those policies and procedures that (1) pertain to the
maintenance of records, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2)
provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with the
generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with
authorizations of management and directors of the Company; (3) provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.
Inherent Limitations of Internal Financial Controls over Financial Reporting
Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper
management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any
evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control
over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.
Opinion
In our opinion, to the best of our information and according to the explanations given to us, the Company has, in all material respects, an
adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were
operating effectively as at March 31, 2022, based on the internal control over financial reporting criteria established by the Company
considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial
Reporting issued by the Institute of Chartered Accountants of India.
(Amit Nowlakha)
Partner
81
Place: New Delhi
Date: 18.05.2022
[400500] Disclosures - Secretarial audit report

01/04/2021
to
31/03/2022
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
Whether secretarial audit report has been qualified or has any
No
observation or other remarks
82
[100100] Balance sheet

31/03/2022 31/03/2021 01/04/2020
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 895.4 895.4 895.4
Reserves and surplus 6,717.75 3,830.6 1,359.2
Total shareholders' funds 7,613.15 4,726 2,254.6
Share application money pending allotment 0 0
Non-current liabilities [Abstract]
Long-term borrowings 45 52.5
Other long-term liabilities 0 0
Long-term provisions 77.46 53.94
Total non-current liabilities 122.46 106.44
Current liabilities [Abstract]
Short-term borrowings 7.5 7.5
Trade payables (A) 506.4 (B) 661.73

Other current liabilities 148.09 109.73
Short-term provisions 94.15 29.32
Total current liabilities 756.14 808.28
Total equity and liabilities 8,491.75 5,640.72 2,254.6
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 1,846.67 884.17 763.85
Intangible assets 4.61 8.4 13.73
Tangible assets capital work-in-progress 0 25.72
Intangible assets under development or work-in-progress 40.46 40.48
Total fixed assets 1,891.74 958.77 777.58
Non-current investments 93.75 75
Deferred tax assets (net) 63.61 67.11
Long-term loans and advances 21.96 224.99
Other non-current assets 26.11 38.05
Total non-current assets 2,097.17 1,363.92 777.58
Current assets [Abstract]
Current investments 0 0
Inventories 1,401.2 1,457.37
Trade receivables 1,457.97 1,516.05
Cash and bank balances 2,569.65 656.93
Short-term loans and advances 965.76 646.45
Total current assets 6,394.58 4,276.8
Total assets 8,491.75 5,640.72 777.58
Footnotes
(A) - Total outstanding dues of micro and small enterprises:- 71.03 - Total outstanding dues of other enterprises:- 435.37
(B) - Total outstanding dues of micro and small enterprises:- 58.79 - Total outstanding dues of other enterprises:- 602.94
83
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors Signing Directors Signing
Directors signing financial statements [Axis] Financial Financial
Statements 1 Statements 2
01/04/2021 01/04/2021
to to
31/03/2022 31/03/2022
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director ABHIRAM SANJAY
Last name of director SETH GUPTA
Designation of director Managing Director Chairman
Director identification number of director 00176144 07834015
Date of signing of financial statements by director 18/05/2022 18/05/2022

01/04/2021
to
31/03/2022
Name of company secretary Anupma Khanna
Permanent account number of company secretary AHLPB5935D
Date of signing of financial statements by company secretary 18/05/2022
84
[100400] Cash flow statement, indirect

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax 4,171.03 3,315.42
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for depreciation and amortisation expense 155.06 147.3
Other adjustments to reconcile profit (loss) (A) 17.77 (B) 115.96

Total adjustments to profit (loss) 172.83 263.26
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories 56.17 -874.46
Adjustments for decrease (increase) in trade receivables 41.6 -904.54
Adjustments for decrease (increase) in other current assets -104.39 -505.89
Adjustments for increase (decrease) in trade payables -156.62 484.68
Adjustments for increase (decrease) in other current liabilities -12.01 47.7
Adjustments for provisions 88.39 0.34
Total adjustments for working capital -86.86 -1,752.17
Total adjustments for reconcile profit (loss) 85.97 -1,488.91
Net cash flows from (used in) operations 4,257 1,826.51
Interest paid -10.88 -13.47
Income taxes paid (refund) 1,006.15 871.51
Net cash flows from (used in) operating activities before extraordinary
3,261.73 968.47
items
Net cash flows from (used in) operating activities 3,261.73 968.47
Cash flows from used in investing activities [Abstract]
Proceeds from sales of tangible assets -1,088.03 -254.82
Other inflows (outflows) of cash (C) -18.75 (D) -48.22

Net cash flows from (used in) investing activities before extraordinary
-1,106.78 -303.04
items
Net cash flows from (used in) investing activities -1,106.78 -303.04
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings -7.5 -37.39
Dividends paid 223.85 0
Interest paid 10.88 13.47
Net cash flows from (used in) financing activities before extraordinary
-242.23 -50.86
items
Net cash flows from (used in) financing activities -242.23 -50.86
Net increase (decrease) in cash and cash equivalents before effect of
1,912.72 614.57
exchange rate changes
Effect of exchange rate changes on cash and cash equivalents [Abstract]
Effect of exchange rate changes on cash and cash equivalents 0 0
Net increase (decrease) in cash and cash equivalents 1,912.72 614.57
Cash and cash equivalents cash flow statement at end of period 2,569.65 656.93
Footnotes
(A) NA
(B) 1.Provision for doubtful/ bad debts/ Advances 2.Unclaimed Amounts Written
(C) Investments in Equity Shares
(D) Capital Work in Progress
85
[200100] Notes - Share capital
Disclosure of classes of share capital [Table] ..(1)

Equity shares
Classes of share capital [Axis] Share capital [Member]
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 01/04/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 90,00,000 [shares] 90,00,000 [shares] 90,00,000
Value of shares authorised 900 900 900
Number of shares issued [shares] 89,54,000 [shares] 89,54,000 [shares] 89,54,000
Value of shares issued 895.4 895.4 895.4
Number of shares subscribed and fully paid [shares] 89,54,000 [shares] 89,54,000 [shares] 89,54,000
Value of shares subscribed and fully paid 895.4 895.4 895.4
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 89,54,000 [shares] 89,54,000 [shares] 89,54,000
Total value of shares subscribed 895.4 895.4 895.4
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 89,54,000 [shares] 89,54,000 [shares] 89,54,000
Value of shares called 895.4 895.4 895.4
Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0
Calls unpaid by officers 0 0 0
Total calls unpaid by directors and
0 0 0
officers
Calls unpaid by others 0 0 0
Total calls unpaid 0 0 0
Value of shares paid-up 895.4 895.4 895.4
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Total aggregate number of shares issued
[shares] 0 [shares] 0 [shares] 0
during period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 89,54,000 [shares] 89,54,000 [shares] 89,54,000 [shares] 89,54,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0
Total aggregate amount of increase in
0 0 0
share capital during period
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 895.4 895.4 895.4 895.4
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for 0 0 0
refund, principal
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
86
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0

Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2020 01/04/2021 01/04/2020
to 01/04/2020 to to
31/03/2021 31/03/2022 31/03/2021
Type of share Equity Shares Equity Shares
Number of shares authorised [shares] 90,00,000 [shares] 90,00,000 [shares] 90,00,000
Value of shares authorised 900 900 900
Number of shares issued [shares] 89,54,000 [shares] 89,54,000 [shares] 89,54,000
Value of shares issued 895.4 895.4 895.4
Number of shares subscribed and fully paid [shares] 89,54,000 [shares] 89,54,000 [shares] 89,54,000
Value of shares subscribed and fully paid 895.4 895.4 895.4
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 89,54,000 [shares] 89,54,000 [shares] 89,54,000
Total value of shares subscribed 895.4 895.4 895.4
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 89,54,000 [shares] 89,54,000 [shares] 89,54,000
Value of shares called 895.4 895.4 895.4
Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0
Calls unpaid by officers 0 0 0
Total calls unpaid by directors and
0 0 0
officers
Calls unpaid by others 0 0 0
Total calls unpaid 0 0 0
Value of shares paid-up 895.4 895.4 895.4
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0 [INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Total aggregate number of shares issued
during period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 89,54,000 [shares] 89,54,000 [shares] 89,54,000 [shares] 89,54,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0
Total aggregate amount of increase in
0 0 0
share capital during period
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 895.4 895.4 895.4 895.4
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for 0 0 0
refund, principal
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0
87

Equity shares 1
Classes of share capital [Axis]
[Member]
01/04/2020
Reconciliation of number of shares outstanding [Abstract]
Number of shares outstanding at end of period [shares] 89,54,000
Reconciliation of value of shares outstanding [Abstract]
Share capital at end of period 895.4
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share Equity Share Equity Share Equity Shares Equity Shares
Name of shareholder Mr. Abhiram Seth Mr. Abhiram Seth Mr. Tanmaye Seth Mr. Tanmaye Seth
PAN of shareholder AASPS0522R AASPS0522R AVIPS8600H AVIPS8600H
Country of incorporation or residence of
India India India India
shareholder
Number of shares held in company [shares] 9,76,988 [shares] 9,76,988 [shares] 29,00,000 [shares] 29,00,000
Percentage of shareholding in company 10.91% 10.91% 32.39% 32.39%
Disclosure of shareholding more than five per cent in company [Table] ..(2)
Classes of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 3 [Member] Shareholder 4 [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share Equity Shares Equity Shares Equity Shares Equity Shares
IFFCO Ebazar Limited IFFCO Ebazar Limited
Name of shareholder Mrs. Radhika Seth Mrs. Radhika Seth (including its nominee (including its nominee
shareholders) shareholders)
CIN of shareholder U52590DL2011PLC225858 U52590DL2011PLC225858
PAN of shareholder ABVPS9789A ABVPS9789A
Country of incorporation or residence of
India India India India
shareholder
Number of shares held in company [shares] 6,00,000 [shares] 6,00,000 [shares] 44,76,988 [shares] 44,76,988
Percentage of shareholding in company 6.70% 6.70% 50.00% 50.00%

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of notes on share capital explanatory [TextBlock] [See below]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Number of persons on private placement of equity share [pure] 0 [pure] 0
Nature of security on private placement of equity share NA NA
Number of persons on private placement of preference share [pure] 0 [pure] 0
Whether reduction in capital done during year No No
Amount of reduction in capital during year 0 0
Percentage of capital reduction to capital prior to reduction 0.00% 0.00%
Whether money raised from public offering during year No No
88
Disclosure of notes on share capital explanatory [Text Block]

(All amounts
are in INR
Lakhs,
unless
otherwise
stated)
As at
As at March
3 Share Capital March 31,
31, 2021
2022
Number Amount Number Amount
Authorised
Equity Shares of Rs. 10 each 9,000,000 900.00 9,000,000 900.00
Issued, Subscribed & Fully Paid-up

Equity Shares of Rs. 10/- each fully paid up 8,953,976 895.40 8,953,976 895.40
Total Issued, subscribed, and fully paid-up share

capital 8,953,976 895.40 8,953,976 895.40
Notes:
There was no issue as well as conversion of shares

(a)
during the year.
(b) There was no buyback of shares during the year.
Reconciliation of the Number of Shares and Amount

(c) Outstanding as at the Beginning and at the End of
the Year.
As at
As at March
Outstanding - Equity Shares March 31,
31, 2021
2022
Shares outstanding at the beginning of the year

8,953,976 895.40 8,953,976 895.40
Add: Fresh Shares of shares during the year

- - - -
Add: Bonus Shares issued during the year

- - - -
Shares outstanding at the end of the year

8,953,976 895.40 8,953,976 895.40
(d) Shareholder(s) holding more than 5% shares
As at
Equity Shareholder(s) holding more than As at March
March 31,
5% shares 31, 2021
2022
No. of
No. of Shares % of % of
89
held Holding Shares Holding

held
Mr. Abhiram Seth 10.91 10.91

976,988 976,988
Mr. Tanmaye Seth 32.39 32.39

2,900,000 2,900,000
Mrs. Radhika Seth 6.70 6.70

600,000 600,000
IFFCO Ebazar Limited (including its nominee

50.00 50.00
shareholders) 4,476,988 4,476,988
(e) Shareholding of Promoters
% of
change
Shares held by promoters at the end of the year
during the
year
No. of % of Total
Promoter Name
Shares Shares
Mr. Abhiram Seth

976,988 10.91 -
Mr. Tanmaye Seth

2,900,000 32.39 -
Mrs. Radhika Seth

600,000 6.70 -
(f) Rights & Restrictions attached to Equity Shares
The Company has one class of Equity Shares

having a par value Rs.10/- per share. Each holder of
equity share is entitled to one vote per share. In the
event of liquidation, the shareholders of Equity
Shares are eligible to receive the remaining assets
of the Company after distribution of all preferential
amounts, in proportion to their shareholding.
90
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Securities
Components of reserves [Axis] Reserves [Member] premium account
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 01/04/2020 to
31/03/2022 31/03/2021 31/03/2022
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 3,111 2,471.4 0
Other additions to reserves 0 0 0
Total additions to reserves 3,111 2,471.4 0
Deductions to reserves [Abstract]
Other deductions to reserves 223.85 0
Total deductions to reserves 223.85 0
Appropriation towards bonus shares 0 0
Total changes in reserves 2,887.15 2,471.4 0
Reserves at end of period 6,717.75 3,830.6 1,359.2 348.6

Components of reserves [Axis] Securities premium account [Member] Other reserves [Member]
01/04/2020 01/04/2021 01/04/2020
to 01/04/2020 to to
31/03/2021 31/03/2022 31/03/2021
Profit (loss) for period 0 0 0
Other additions to reserves 0 0 0
Total additions to reserves 0 0 0
Total changes in reserves 0 0 0
Reserves at end of period 348.6 348.6 65 65

Other reserves
Components of reserves [Axis] General reserve [Member]
[Member]
01/04/2021 01/04/2020
01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021
Profit (loss) for period 0 0
Other additions to reserves 0 0
Total additions to reserves 0 0
Total changes in reserves 0 0
Reserves at end of period 65 65 65 65
91

Components of reserves [Axis] Surplus [Member]
01/04/2021 01/04/2020
to to 01/04/2020
31/03/2022 31/03/2021
Profit (loss) for period 3,111 2,471.4
Total additions to reserves 3,111 2,471.4
Deductions to reserves [Abstract]
Other deductions to reserves 223.85 0
Total deductions to reserves 223.85 0
Total changes in reserves 2,887.15 2,471.4
Reserves at end of period 6,304.15 3,417 945.6

01/04/2021
to
31/03/2022
Disclosure of notes on reserves explanatory [TextBlock] [See below]
92
Disclosure of notes on reserves explanatory [Text Block]
4 Reserves & Surplus As at As at
March March
31, 31,
2022 2021
A. Securities Premium
Opening Balance
348.60 348.60
Add: Premium on shares issued during the year

- -
Less: Utilised during the year for issuing bonus shares

- -
348.60 348.60
B. Surplus/(Deficit)
Opening Balance
3,417.00 945.60
Add: Profit / (Loss) for the year

3,111.00 2,471.40
Less: Dividend and tax paid thereon*

(223.85) -
Less : Transferred to General Reserve

- -
6,304.15 3,417.00
C. General Reserve
Opening Balance
65.00 65.00
Add : Transferred during the year

- -
65.00 65.00
Total (A+B+C)
6,717.75 3,830.60
*i) During the year, the Company has paid Dividend @ 25% (i.e. Rs.
2.50 per equity share of Rs. 10/- each) on equity shares as approved by
shareholders in the previous Annual General Meeting held during the
financial year 2021-22
93
ii) The Board of Directors of the Company have recommended final

dividend of Rs. 3.50/- per equity share of Rs. 10/- each for the F.Y.
2021-22, subject to approval of shareholders, which shall be given in
the financial statement of F.Y. 2022-23 on payment of such final
dividend after approval of the shareholders.
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of borrowings [Axis] Borrowings [Member] Term loans [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 45 52.5 45 52.5

Rupee term loans from others
Classification of borrowings [Axis] Term loans from others [Member]
[Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Borrowings 45 52.5 45 52.5

Classification based on time period [Axis] Short-term [Member]
Classification of borrowings [Axis] Borrowings [Member] Term loans [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Borrowings 7.5 7.5 7.5 7.5

Rupee term loans from others
Classification of borrowings [Axis] Term loans from others [Member]
[Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Borrowings 7.5 7.5 7.5 7.5

01/04/2021
to
31/03/2022
Disclosure of notes on borrowings explanatory [TextBlock] [See below]
94
Disclosure of notes on borrowings explanatory [Text Block]

Long-term Borrowings As at As at
March 31, March 31,

2022 2021
Term Loan
Unsecured Loan
- From Council of Scientific and Industrial Research (CSIR)

4,500,000 5,250,000
Total
4,500,000 5,250,000
Notes:
Details of terms of repayment for the long-term borrowings and

security provided in respect of the long-term borrowings:
As at As at
Particulars March 31, March 31,
2022 2021
Non
Non Current Current Current
Current
Unsecured
Term Loan From Council of Scientific and Industrial Research

4,500,000 750,000 5,250,000 750,000
Terms of repayment
-Repayment in 10 annual instalments from 1st. April, 2019
-Rate of Interest - 3%
Total
4,500,000 750,000 5,250,000 750,000
95
[201000] Notes - Tangible assets
Disclosure of additional information tangible assets [Table] ..(1)

Company total tangible assets
Classes of tangible assets [Axis] Land [Member] Buildings [Member]
[Member]
Owned and leased assets Assets held under lease
Sub classes of tangible assets [Axis] Owned assets [Member]
[Member] [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information
tangible assets [Abstract]
tangible assets [LineItems]
Depreciation method tangible assets WDV WDV NA NA WDV WDV
As prescribed
As prescribed in As prescribed in As prescribed in
in Schedule II
Useful lives or depreciation rates Schedule II to Schedule II to Schedule II to
NA NA to the
tangible assets the Companies the Companies the Companies
Companies
Act, 2013 Act, 2013 Act, 2013
Act, 2013

Furniture and fixtures
Classes of tangible assets [Axis] Plant and equipment [Member] Vehicles [Member]
[Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member] Owned assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021 31/03/2022 31/03/2021
Depreciation method tangible assets WDV WDV WDV WDV WDV WDV
As prescribed
As prescribed in As prescribed in As prescribed in As prescribed in As prescribed in
in Schedule II
Useful lives or depreciation rates Schedule II to Schedule II to Schedule II to Schedule II to Schedule II to
to the
tangible assets the Companies the Companies the Companies the Companies the Companies
Companies
Act, 2013 Act, 2013 Act, 2013 Act, 2013 Act, 2013
Act, 2013

Computer equipments Other tangible assets
Classes of tangible assets [Axis] Office equipment [Member]
[Member] [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member] Owned assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021 31/03/2022 31/03/2021
Depreciation method tangible assets WDV WDV WDV WDV WDV WDV
As prescribed
As prescribed in As prescribed in As prescribed in As prescribed in As prescribed in
in Schedule II
Useful lives or depreciation rates Schedule II to Schedule II to Schedule II to Schedule II to Schedule II to
to the
tangible assets the Companies the Companies the Companies the Companies the Companies
Companies
Act, 2013 Act, 2013 Act, 2013 Act, 2013 Act, 2013
Act, 2013
96

Classes of tangible assets [Axis] Other tangible assets, others [Member]
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of additional information tangible assets [Abstract]
Disclosure of additional information tangible assets [LineItems]
Depreciation method tangible assets WDV WDV
As prescribed in
As prescribed in
Schedule II to the
Useful lives or depreciation rates tangible assets Companies Act,
Schedule II to the
Companies Act, 2013
2013
Disclosure of tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and
Carrying amount [Member] Gross carrying amount [Member]
gross carrying amount [Axis]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 1,113.75 261.07 1,113.75 261.07
assets
Depreciation tangible assets -151.25 -140.74
Total changes in tangible
962.5 120.33 1,113.75 261.07
assets
Tangible assets at end of period 1,846.67 884.17 763.85 3,475.26 2,361.51 2,100.45

Classes of tangible assets [Axis] Company total tangible assets [Member] Land [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member] Assets held under lease [Member]
Carrying amount accumulated depreciation and Accumulated depreciation and impairment
Carrying amount [Member]
gross carrying amount [Axis] [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[LineItems]
[Abstract]
business combinations tangible 69.03 0
assets
Depreciation tangible assets 151.25 140.74 -0.48 -0.13
151.25 140.74 68.55 -0.13
assets
Tangible assets at end of period 1,628.59 1,477.34 1,336.6 79.79 11.24 11.37
97

Classes of tangible assets [Axis] Land [Member]
Sub classes of tangible assets [Axis] Assets held under lease [Member]
Gross carrying amount [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[LineItems]
[Abstract]
business combinations tangible 69.03 0
assets
Depreciation tangible assets 0.48 0.13
69.03 0 0.48 0.13
assets
Tangible assets at end of period 81.71 12.68 12.68 1.92 1.44 1.31

Classes of tangible assets [Axis] Buildings [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[LineItems]
[Abstract]
business combinations tangible 367.65 143.69 367.65 143.69
assets
324.94 112.33 367.65 143.69
assets
Tangible assets at end of period 699.59 374.65 262.33 1,000.48 632.83 489.15

Classes of tangible assets [Axis] Buildings [Member] Plant and equipment [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[LineItems]
[Abstract]
business combinations tangible 650.58 88.85
assets
42.71 31.36 570.55 9.46
assets
98

Classes of tangible assets [Axis] Plant and equipment [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[LineItems]
[Abstract]
assets
650.58 88.85 80.03 79.39
assets
Tangible assets at end of period 2,105.21 1,454.63 1,365.78 1,117.77 1,037.74 958.35

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[LineItems]
[Abstract]
assets
-2.35 -2.77 0.27 1.69
assets

Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[LineItems]
[Abstract]
assets
2.62 4.46 5.01 10.11
assets
99

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[LineItems]
[Abstract]
assets
10.38 13.77 5.37 3.66
assets

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[LineItems]
[Abstract]
assets
-0.9 0.35 2.23 3.15
assets

Classes of tangible assets [Axis] Office equipment [Member] Computer equipments [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[LineItems]
[Abstract]
assets
3.13 2.8 1.98 0.36
assets
100

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[LineItems]
[Abstract]
assets
7.01 4.99 5.03 4.63
assets

Classes of tangible assets [Axis] Other tangible assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[LineItems]
[Abstract]
assets
-5.28 -9.38 6.6 4.93
assets
101

Classes of tangible assets [Axis] Other tangible assets [Member] Other tangible assets, others [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[LineItems]
Laboratory Laboratory
Nature of other tangible assets Equipments Equipments
[Abstract]
assets
11.88 14.31 -5.28 -9.38
assets

Classes of tangible assets [Axis] Other tangible assets, others [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[LineItems]
Laboratory Laboratory Laboratory Laboratory
Nature of other tangible assets Equipments Equipments Equipments Equipments
[Abstract]
assets
6.6 4.93 11.88 14.31
assets

01/04/2021
to
31/03/2022
Disclosure of notes on tangible assets explanatory [TextBlock] [See below]
102
Disclosure of notes on tangible assets explanatory [Text Block]
Note No. 11
(a) Property,
Plant and
Equipment
and
Intangible
Assets
Property, Plant
and Intangible
Description
Equipment Assets
(PPE)
Other Furniture
Lease hold Buildings Plant and Laboratory Vehicles Computers
Office and
Land and
Equipments Equipments Equipments Fixtures
site
Development
Gross Block
(at cost)
Upto
Beginning of
1,267,660 63,283,465 145,462,977 13,307,091 1,975,756 2,957,458 2,972,406
the Year
Additions
6,903,253 36,765,272 65,057,638 660,070 1,038,261 700,818 222,627
Deductions
- - - - - - -
Total
8,170,913 100,048,737 210,520,615 13,967,161 3,014,017 3,658,276 3,195,033
Depreciation
and
Amortization
Upto
Beginning of
144,012 25,818,175 103,774,149 8,754,629 710,460 2,385,171 2,342,070
the Year
For the Year

48,360 4,270,598 8,003,353 1,189,451 537,381 502,642 313,095
Deductions
- - - - - - -
Total
192,372 30,088,773 111,777,502 9,944,080 1,247,841 2,887,813 2,655,165
103
Net Block
As at 31st
March, 2022 7,978,541 69,959,964 98,743,113 4,023,081 1,766,176 770,463 539,868
As at 31st
March, 2021 1,123,648 37,465,290 41,688,828 4,552,462 1,265,296 572,287 630,336
(b) Capital
work in
progress
(CWIP) and
Intangible
assets under
development
Particulars As at As at
March 31, March 31,

2022 2021
Capital work
in progress
(CWIP) (refer
- 2,571,600
note (c)
below)
Intangible
assets under
development
(refer note 4,047,760 4,047,760
(d) and (e)
below)
(c) Ageing
details of
Capital work
in progress
(CWIP)
Less than 1 More than 3

Particulars 1 - 2 years 2 - 3 years Total
year years
Projects in
progress
As at March
31, 2022 - - - - -
As at March
31, 2021 2,571,600 - - - 2,571,600
(d) Ageing
details of
Intangible
assets under
development
104
Particulars year 1 - 2 years 2 - 3 years years Total
Projects in
progress
As at March
31, 2022 1,500,000 - 2,547,760 4,047,760
As at March
31, 2021 1,500,000 - - 2,547,760 4,047,760
(e)
Project-wise
completion
schedule of
Intangible
assets under
development
To be
Particulars Total
completed in

1 - 2 years 2 - 3 years
year years
Knowhow /
product
development
As at March
31, 2022 - 4,047,760 - - 4,047,760
As at March
31, 2021 - - 4,047,760 - 4,047,760
105
[201100] Notes - Intangible assets
Disclosure of intangible assets [Table] ..(1)

Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
0 0 0 0
development
business combinations 0 1.23 0 1.23
intangible assets
Total additions to
0 1.23 0 1.23
intangible assets
Amortization intangible assets -3.79 -6.56
Total changes in intangible
-3.79 -5.33 0 1.23
assets
Intangible assets at end of period 4.61 8.4 13.73 18.95 18.95 17.72

Classes of intangible assets [Axis] Company total intangible assets [Member] Computer software [Member]
Internally generated and other than internally Intangible assets other than internally
Sub classes of intangible assets [Axis]
generated intangible assets [Member] generated [Member]
Carrying amount accumulated amortization and Accumulated amortization and impairment
impairment and gross carrying amount [Axis] [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[LineItems]
[Abstract]
[Abstract]
0 0
development
business combinations 0 1.23
intangible assets
Total additions to
0 1.23
intangible assets
Amortization intangible assets 3.79 6.56 -3.79 -6.56
3.79 6.56 -3.79 -5.33
assets
106

Classes of intangible assets [Axis] Computer software [Member]
Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and Accumulated amortization and impairment
impairment and gross carrying amount [Axis] [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to 01/04/2020 to to 01/04/2020
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[LineItems]
[Abstract]
[Abstract]
0 0
development
business combinations 0 1.23
intangible assets
Total additions to
0 1.23
intangible assets
Amortization intangible assets 3.79 6.56
0 1.23 3.79 6.56
assets
Disclosure of additional information intangible assets [Table] ..(1)

Company total intangible assets
Classes of intangible assets [Axis] Computer software [Member]
[Member]
Internally generated and other than
Intangible assets other than internally
Sub classes of intangible assets [Axis] internally generated intangible assets
generated [Member]
[Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information intangible assets
[Abstract]
Disclosure of additional information intangible
assets [LineItems]
Useful lives or amortization rates intangible Over a period of 5 Over a period of 5 Over a period of 5 Over a period of 5
assets years years years years
Description of amortization method used WDV WDV WDV WDV
107
[200400] Notes - Non-current investments
Details of non-current investments [Table] ..(1)

Classification Of Noncurrent
Classification of non-current investments [Axis]
Investments 1
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Non-current investments [Abstract]
Disclosure of details of non-current investments [Abstract]
Details of non-current investments [LineItems]
Investment in Investment in
Type of non-current investments subsidiaries equity subsidiaries equity
instruments instruments
Class of non-current investments Other investments Other investments
Unquoted : At Cost Unquoted : At Cost ,
, Face Value Rs. 10 Face Value Rs. 10
Nature of non-current investments each fully paid, each fully paid,
Non-Trade Non-Trade
Non-current investments 93.75 75
Aquagri Greentech Aquagri Greentech
Name of body corporate in whom investment has been made Private Limited Private Limited
Details of whether such body corporate is subsidiary, associate, joint
Subsidiary Subsidiary
venture or controlled special purpose entity
Number of shares of non-current investment made in body corporate [shares] 9,37,499 [shares] 7,49,999

01/04/2021
to 31/03/2021
31/03/2022
Disclosure of notes on non-current investments explanatory [TextBlock] [See below]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 93.75 75
Aggregate provision for diminution in value of non-current investments 0 0
108
Disclosure of notes on non-current investments explanatory [Text Block]

12 Non Current Investment As at As at
March 31, March 31,

2022 2021
Unquoted : At Cost
Investment in Equity Shares of Subsidiary Company:
Aquagri Greentech Private Limited (Non-Trade)
9,37,499 (7,49,999) Equity Shares of Face Value Rs. 10

each fully paid 93.75 75.00
Percentage of holding : 75% (Previous Year 100%)
Total
93.75 75.00
Foot Note:
i) Aggregate amount of impairment in value of unquoted

Nil Nil
investments
[200500] Notes - Current investments

31/03/2022 31/03/2021
Disclosure of notes on current investments explanatory [TextBlock]
Aggregate amount of quoted current investments 0 0
Market value of quoted current investments 0 0
Aggregate amount of unquoted current investments 0 0
Aggregate provision for diminution in value of current investments 0 0
109
[200600] Notes - Subclassification and notes on liabilities and assets
Loans and advances [Table] ..(1)

Classification of loans and advances [Axis] Loans and advances [Member] Capital advances [Member]
Classification of assets based on security [Axis] Secured considered good [Member] Secured considered good [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 21.96 224.99 18.43 220
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 21.96 224.99 18.43 220
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Loans and advances due by others 0 0 0 0
Total loans and advances due by
0 0 0 0
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
0 0 0 0
which any director is partner
Loans and advances due by private
companies in which any director is 0 0 0 0
director
member
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director
110

Classification of loans and advances [Axis] Other loans and advances [Member] Prepaid expenses [Member]
Classification of assets based on security [Axis] Secured considered good [Member] Secured considered good [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[Abstract]
Loans and advances, gross 3.53 4.99 3.53 4.99
0 0 0 0
advances
Loans and advances 3.53 4.99 3.53 4.99
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
111

Loans advances given employees
Classification of loans and advances [Axis] Loans and advances [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[Abstract]
0 0 0 0
advances
[Abstract]
Loans and advances due by others 0 0
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
112

Loans advances value be received
Classification of loans and advances [Axis] Other loans and advances [Member]
[Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[Abstract]
0 0 0 0
advances
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
113

Classification of loans and advances [Axis] Prepaid expenses [Member] Advance tax [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[Abstract]
0 0 0 0
advances
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director

Classification of loans and advances [Axis] Other advance taxes [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets [Abstract]
Loans and advances, gross 778.69 557.09
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 778.69 557.09
Details of loans and advances due by directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0
Loans and advances due by other officers 0 0
Loans and advances due by others 0 0
Total loans and advances due by directors, other officers or others 0 0
Details of loans and advances due by firms or companies in which any
director is partner or director [Abstract]
Loans and advances due by firms in which any director is partner 0 0
Loans and advances due by private companies in which any director is
0 0
director
Loans and advances due by private companies in which any director is member 0 0
Total loans and advances due by firms or companies in which any director
0 0
is partner or director
114
Disclosure of breakup of provisions [Table] ..(1)

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 62.33 46.73 1.79 1.25
Provision leave encashment 15.13 7.21 0.87 0.45
Total provisions for employee benefits 77.46 53.94 2.66 1.7
CSR expenditure provision 0 0 0 0
Other provisions 91.49 27.62
Total provisions 77.46 53.94 94.15 29.32
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 1,551.56 1,605.64 1,453.74 1,507.68
Allowance for bad and doubtful debts 93.59 89.59 0 0
Total trade receivables 1,457.97 1,516.05 1,453.74 1,507.68
Details of trade receivables due by
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0 0
Total trade receivables due by
directors, other officers or 0 0
others
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Trade receivables due by firms in
0 0
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
115
Subclassification of trade receivables [Table] ..(2)

Classification of assets based on security [Axis] Doubtful [Member]
31/03/2022 31/03/2021
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 97.82 97.96
Allowance for bad and doubtful debts 93.59 89.59
Total trade receivables 4.23 8.37
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0 0
Total trade receivables due by directors, other officers or others 0 0
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Trade receivables due by firms in which any director is partner 0 0
Trade receivables due by private companies in which any director is
0 0
director
Trade receivables due by private companies in which any director is
0 0
member
Total trade receivables due by firms or companies in which any
0 0
director is partner or director
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 1,401.2 1,457.37 689.49 627.33
Goods in transit 0 0 0 0
weighted average weighted average weighted average weighted average
Mode of valuation basis basis basis basis

Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[Abstract]
Inventories 53.1 28.51 182.51 328.07
lower of weighted lower of weighted
weighted average weighted average
Mode of valuation basis basis
cost or net cost or net realisable
realisable value value
116

Classification of inventories [Axis] Stock-in-trade [Member] Stores and spares [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[Abstract]
Inventories 51.53 154.03 14.39 14.53
lower of weighted lower of weighted
Mode of valuation cost or net cost or net realisable
basis basis
realisable value value

Classification of inventories [Axis] Loose tools [Member] Other inventories [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
[Abstract]
Inventories 0.46 0.42 409.72 304.48
weighted average weighted average weighted average weighted average
Mode of valuation basis. basis. basis basis

Classification of inventories [Axis] Other inventories, others [Member]
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Inventories 409.72 304.48
Mode of valuation basis. basis.
Packing Materials Packing Materials
Nature of other inventories and Others and Others
117

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of subclassification and notes on liabilities and assets Textual information (32)
explanatory [TextBlock] [See below]
Trade payables, long-term 0 0
Gross amount due to customers for contract work, non-current 0 0
Total others, long-term 0 0
Total other long-term liabilities 0 0
Nature of other provisions Exgartia/Bonus Exgartia/Bonus
Disclosure of notes on other current liabilities explanatory
[TextBlock]
Current maturities of long-term debt 0 0
Current maturities of finance lease obligations 0 0
Interest accrued but not due on borrowings 1.58 1.8
Interest accrued and due on borrowings 0 0
Interest accrued but not due on public deposits 0 0
Interest accrued and due on public deposits 0 0
Debentures claimed but not paid 0 0
Income received in advance 0 0
Unpaid dividends 0 0
Application money received for allotment of securities and
0 0
due for refund, principal
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Accrued expenses payable 76.15 68.56
Public deposit payable, current 0 0
Total other payables, current 76.15 68.56
Advance received from customers 9.65 7.53
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others 60.71 31.84
Total other current liabilities 148.09 109.73
Other non-current assets, others 26.11 38.05
Total other non-current assets 26.11 38.05
Security Deposits- 19.91
In Fixed Deposits
Accounts (Refer Note 17)
Nature of other non-current assets, others Security Deposits 26.11
- Having maturity
exceeding 12 months -
18.14
Disclosure of notes on trade receivables explanatory [TextBlock] [See below]
Aggregate amount of trade receivables outstanding for period
0 0
exceeding six months
Disclosure of notes on cash and bank balances explanatory [TextBlock] [See below]
Fixed deposits with banks 23 21.4
Other balances with banks 2,546.33 653.36
Total balance with banks 2,569.33 674.76
Cheques, drafts on hand 0 0
Cash on hand 0.25 0.18
Others 0.07 -18.01
Total cash and cash equivalents 2,569.65 656.93
Other bank balances (A) 0 (B) 0
Total cash and bank balances 2,569.65 656.93
Balances held with banks to extent held as margin money 0 0
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than twelve months maturity 0 0
Footnotes
(A) NA
(B) Less: Amount disclosed under "Other non Current Assets" (Refer Note:14) (18.14)
118
Disclosure of subclassification and notes on liabilities and assets explanatory [Text Block]
(All amounts
are in INR
Lakhs,
unless
otherwise
stated)
As at
As at March
3 Share Capital March 31,
31, 2021
2022
Authorised
Equity Shares of Rs. 10 each 9,000,000 900.00 9,000,000 900.00
Issued, Subscribed & Fully Paid-up

Equity Shares of Rs. 10/- each fully paid up 8,953,976 895.40 8,953,976 895.40
Total Issued, subscribed, and fully paid-up share

capital 8,953,976 895.40 8,953,976 895.40
Notes:
There was no issue as well as conversion of

(a)
shares during the year.
(b) There was no buyback of shares during the year.
Reconciliation of the Number of Shares and

(c) Amount Outstanding as at the Beginning and at the
End of the Year.
As at
As at March
Outstanding - Equity Shares March 31,
31, 2021
2022
Shares outstanding at the beginning of the year

8,953,976 895.40 8,953,976 895.40
Add: Fresh Shares of shares during the year

- - - -
Add: Bonus Shares issued during the year

- - - -
Shares outstanding at the end of the year

8,953,976 895.40 8,953,976 895.40
(d) Shareholder(s) holding more than 5% shares
As at
Equity Shareholder(s) holding more than As at March
March 31,
5% shares 31, 2021
2022
No. of
No. of Shares % of % of
119
held Holding Shares Holding

held
Mr. Abhiram Seth 10.91 10.91

976,988 976,988
Mr. Tanmaye Seth 32.39 32.39

2,900,000 2,900,000
Mrs. Radhika Seth 6.70 6.70

600,000 600,000
IFFCO Ebazar Limited (including its nominee

50.00 50.00
shareholders) 4,476,988 4,476,988
(e) Shareholding of Promoters
% of
change
Shares held by promoters at the end of the year
during the
year
No. of % of Total
Promoter Name
Shares Shares
Mr. Abhiram Seth

976,988 10.91 -
Mr. Tanmaye Seth

2,900,000 32.39 -
Mrs. Radhika Seth

600,000 6.70 -
(f) Rights & Restrictions attached to Equity Shares
The Company has one class of Equity Shares

having a par value Rs.10/- per share. Each holder
of equity share is entitled to one vote per share. In
the event of liquidation, the shareholders of Equity
Shares are eligible to receive the remaining assets
of the Company after distribution of all preferential
amounts, in proportion to their shareholding.
4 Reserves & Surplus As at As at
March 31, March 31,

2022 2021
A. Securities Premium
Opening Balance
348.60 348.60
Add: Premium on shares issued during the year

- -
Less: Utilised during the year for issuing bonus

shares - -
120
348.60 348.60
B. Surplus/(Deficit)
Opening Balance
3,417.00 945.60
Add: Profit / (Loss) for the year

3,111.00 2,471.40
Less: Dividend and tax paid thereon*

(223.85) -
Less : Transferred to General Reserve

- -
6,304.15 3,417.00
C. General Reserve
Opening Balance
65.00 65.00
Add : Transferred during the year

- -
65.00 65.00
Total (A+B+C)
6,717.75 3,830.60
*i) During the year, the Company has paid

Dividend @ 25% (i.e. Rs. 2.50 per equity share of
Rs. 10/- each) on equity shares as approved by
shareholders in the previous Annual General
Meeting held during the financial year 2021-22
ii) The Board of Directors of the Company have

recommended final dividend of Rs. 3.50/- per
equity share of Rs. 10/- each for the F.Y. 2021-22,
subject to approval of shareholders, which shall be
given in the financial statement of F.Y. 2022-23 on
payment of such final dividend after approval of the
shareholders.
5 Long-term Borrowings As at As at
March 31, March 31,

2022 2021
Term Loan
Unsecured Loan
- From Council of Scientific and Industrial

Research (CSIR) 45.00 52.50
121
Total
45.00 52.50
Notes:
Details of terms of repayment for the long-term

borrowings and security provided in respect of the
long-term borrowings:
As at
As at March
Particulars March 31,
31, 2021
2022
Non Current Current Non Current Current
Unsecured
Term Loan From Council of Scientific and

Industrial Research 45.00 7.50 52.50 7.50
Terms of repayment
-Repayment in 10 annual instalments from 1st.

April, 2019
-Rate of Interest - 3%
Total
45.00 7.50 52.50 7.50
6 Long-term Provisions As at As at
March 31, March 31,

2022 2021
Provision for Employees Benefits
Gratuity (Unfunded)
62.33 46.73
Leave Encashment
15.13 7.21
Total
77.46 53.94
7 Short-Term Borrowing As at As at
March 31, March 31,

2022 2021
Term Loan - Unsecured
Current maturities of Long-term borrowings (Refer

Note 5 above) 7.50 7.50
122
Working Capital Loan - Secured

- -
Total
7.50 7.50
Foot Note :
i) Deviation in Quarterly returns / statements of

current assets filed by the Company with bank is
as under:
(ii) the Quarterly figures reported in the above table

is prepared by the management and relied upon by
the auditors.
8 Note: Trade Payables As at As at
March 31, March 31,

2022 2021
Unsecured
123
Outstanding Due to Micro and Small Enterprises

71.03 58.79
Outstanding due to other then Micro and Small

Enterprises 435.37 602.94
Total
506.40 661.73
8.1 Undisputed Trade Payables Ageing Schedule:
March 31,
March 31, 2022
2021
Micro and Small Enterprises
Not Due
71.02 58.79
Less than 1 years

- -
1-2 years
- -
2-3 years
- -
More than 3 years

- -
Total
71.02 58.79
Others
Not Due
415.56 532.33
Less than 1 years

19.48 66.50
1-2 years
0.13 3.62
2-3 years
0.03 0.19
More than 3 years

0.17 0.30
Total
435.37 602.94
9 Other Current Liabilities As at As at
March 31, March 31,
124
2022 2021
Interest accrued and not due on borrowings
- On Term Loan from Council of Scientific

and Industrial Research 1.58 1.80
Creditors for Capital Expenditures

26.89 11.33
Other payables
i) Statutory dues
33.82 20.51
ii) Others- Expense Payable

76.15 68.56
Advances from Customers

9.65 7.53
Total
148.09 109.73
10 Short-term Provisions As at As at
March 31, March 31,

2022 2021
Provision for Employees Benefits
Exgartia/Bonus
41.11 27.62
Gratuity (Unfunded)
1.79 1.25
Leave Encashment
0.87 0.45
Others Provisions
Provision for Taxation (Net of Advance Tax, TDS &

TCS) 50.38 -
Total
94.15 29.32
12 Non Current Investment As at As at
March 31, March 31,

2022 2021
Unquoted : At Cost
Investment in Equity Shares of Subsidiary

Company:
125
Aquagri Greentech Private Limited (Non-Trade)
9,37,499 (7,49,999) Equity Shares of Face

Value Rs. 10 each fully paid 93.75 75.00
Percentage of holding : 75% (Previous Year

100%)
Total
93.75 75.00
Foot Note:
i) Aggregate amount of impairment in value of

Nil Nil
unquoted investments
13 Long-term Loans & Advances As at As at
March 31, March 31,

2022 2021
Unsecured, Considered Good
Capital Advances
18.43 220.00
Prepaid Expenses
3.53 4.99
Total
21.96 224.99
14 Other Non-Current Assets As at As at
March 31,
March 31, 2022
2021
Unsecured, Considered Good
Security Deposits
26.11 19.91
In Fixed Deposits Accounts (Refer Note 17)
- Having maturity exceeding 12 months

- 18.14
Total
26.11 38.05
15 Inventories * As at As at
March 31,
March 31, 2022
2021
126
Raw Materials
689.49 627.33
Work-in-Progress
53.10 28.51
Finished Goods
182.51 328.07
Stock-in-Trade
51.53 154.03
Stores and Spares

14.39 14.53
Loose Tools
0.46 0.42
Packing Materials and Others

409.72 304.48
Total
1,401.20 1,457.37
* Refer Note 2.30 for valuation of inventories

** Inventories are taken, valued and certified by
the management
16 Trade Receivables As at As at
March 31, March 31,

2022 2021
Unsecured
Undisputed Trade Receivables – considered good

1,453.74 1,507.68
Undisputed Trade Receivables – considered

doubtful 97.82 97.96
1,551.56 1,605.64
Less: Provision for considered doubtful

(93.59) (89.59)
127
Total
1,457.97 1,516.05
16.1 Trade Receivables Ageing Schedule:
March 31, March 31,

2022 2021
Not Due
1,152.80 1,244.14
Less than 6 months

252.30 262.59
6 months - 1 years
48.63 0.95
1-2 years
- -
2-3 years
- -
More than 3 years

- -
Total
1,453.73 1,507.68
Undisputed Trade Receivables – considered

doubtful
Not Due
- -
Less than 6 months

- -
6 months - 1 years
- -
1-2 years
3.50 4.72
2-3 years
2.16 8.26
More than 3 years

92.16 84.98
Total
97.82 97.96
16.2 Above balances of trade receivable includes

receivable from related parties (refer note 26.8)
128
17 Cash and Cash Equivalents As at As at
March 31, March 31,

2022 2021
Cash on hand
0.25 0.18
Imperest with staff

0.07 0.13
Balances with scheduled banks
- Balance in Short-term Accounts

2,546.33 653.36
- Fixed Deposits*
Maturity Period of Less than 12 Months

23.00 3.26
Maturity Period of more than 12 Months

- 18.14
(Including interest accrued Rs. 10.57 Lakhs (P.Y.

Rs.9.11Lakhs))
2,569.65 675.07
Less: Amount disclosed under "Other non Current

Assets" (Refer Note:14) - 18.14
Total
2,569.65 656.93
* Include Fixed Deposits under lien for Bank

Guarantee amounting to Rs. 17.80 Lakhs
(Previous Year Rs.16.47 Lakhs)
18 Short-term Loans & Advances As at As at
March 31, March 31,

2022 2021
Unsecured, considered good unless otherwise

stated
Loans and advances to employees

0.80 2.55
Pre-paid expenses
39.90 19.69
Balance with government authorities
- Indirect Tax credit receivable

739.82 519.24
- Tax deducted at source and Income Tax paid in

advance (Net of tax provisions) 34.57 34.55
129
- Balance with custom authorities

4.30 3.30
Advance recoverable in cash or kind or value to

be recovered
- Unsecured, considered good

139.16
- Doubtful
30.90
Less: Provision for doubtful debts

(23.69) 146.37 67.12
Total
965.76 646.45
130
Disclosure of notes on trade receivables explanatory [Text Block]

Trade Receivables As at As at
March 31, 2022 March 31, 2021
Unsecured

145,373,557 150,768,244
Undisputed Trade Receivables – considered doubtful

9,782,295 9,796,446
155,155,851 160,564,690
Less: Provision for considered doubtful

(9,359,152) (8,958,510)
Total
145,796,700 151,606,180
16.1 Trade Receivables Ageing Schedule:
March 31, 2022 March 31, 2021
Not Due
115,280,336 124,414,311
Less than 6 months

25,229,992 26,259,433
6 months - 1 years
4,863,229 94,500
1-2 years - -
2-3 years - -
More than 3 years - -
Total
145,373,557 150,768,244
Undisputed Trade Receivables – considered doubtful
Not Due - -
Less than 6 months - -
131
6 months - 1 years - -
1-2 years
349,877 472,233
2-3 years
216,508 825,852
More than 3 years

9,215,910 8,498,361
Total
9,782,295 9,796,446
16.2 Above balances of trade receivable includes receivable from related parties (refer
note 26.8)
132
Disclosure of notes on cash and bank balances explanatory [Text Block]

Cash and Cash Equivalents As at As at
March 31,
March 31, 2022
2021
Cash on hand
24,716 17,983
Imperest with staff

7,070 13,023
Balances with scheduled banks
- Balance in Short-term Accounts

254,632,906 65,335,662
- Fixed Deposits*
Maturity Period of Less than 12 Months

2,299,639 325,831
Maturity Period of more than 12 Months

- 1,814,421
(Including interest accrued Rs. 10,57,081/- (P.Y. Rs.9,11,335/-))
256,964,331 67,506,920
Less: Amount disclosed under "Other non Current Assets" (Refer Note:14)
- 1,814,421
Total
256,964,331 65,692,499
* Include Fixed Deposits under lien for Bank Guarantee amounting to Rs. 17,80,494/-
(Previous Year Rs.16,47,418/-)
133
[200700] Notes - Additional disclosures on balance sheet

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of additional balance sheet notes explanatory [TextBlock]
Other commitments 0 0
Total commitments 0 0
Total contingent liabilities and commitments 0 0
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Percentage of share capital held by foreign company 0.00% 0.00%
Value of share capital held by foreign company 0 0
Percentage of paid-up capital held by foreign holding company and
0.00% 0.00%
or with its subsidiaries
Value of paid-up capital held by foreign holding company and or
0 0
with its subsidiaries
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Share application money received and due for refund 0 0
Disclosure of whether all assets and liabilities are registered with
Yes Yes
company
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Whether audit of cost records of company has been mandated
No No
under Rules specified in SN 1
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0
Number of shareholders to whom shares are allotted under private
[pure] 0 [pure] 0
placement during period
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2021
to
31/03/2022
Disclosure of accounting policies, change in accounting policies and Textual information (35)
changes in estimates explanatory [TextBlock] [See below]
134
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
AQUAGRI
PROCESSING
PRIVATE
LIMITED
NOTES
FORMING
PART OF THE
FINANCIAL
STATEMENTS
FOR THE
YEAR ENED
31ST MARCH,
2022
CORPORATE
Note 1:
INFORMATION
The Company is
engaged in the
business of
cultivation ,
harvesting and
processing of
seaweed for use
in industry and
Agriculture etc.
The registered
office of the
Company is
located at 284,
Sultan Sadan L-3,
Westend Marg,
Saidulajaib, New
Delhi-110030.
SIGNIFICANT
Note 2: ACCOUNTING
POLICIES
Basis of
accounting and
2.1 preparation of
financial
statements.
The Financial
Statements have
been prepared
under the
Historical Cost
convention in
accordance with
the generally
accepted
accounting
principles and to
comply with the
Accounting
Standards referred
to in Section 133
135
of Companies Act
2013 read with
Rule 7 of
Companies
(Accounts) Rules,
2014 to the extent
applicable. The
136
Company follows
mercantile system
of accounting.
2.2 Use of Estimates
The presentation
of financial
statements in
conformity with the
generally
accepted
principles requires
estimates and
assumptions to be
made that affect
the reported
amount of assets
and liabilities on
the date of the
financial
statements and
the reported
amount of revenue
and expenses
during the
reporting period.
Difference
between actual
result and
estimates are
recognized in the
period in which the
results are known/
materialize.
2.3 Inventories
Inventories
(Finished Goods
and Stock in
Trade) are valued
at lower of
weighted cost or
net realisable
value. Cost of raw
materials, Work in
Progress, packing
materials, stores
etc. are
determined on
weighted average
basis.
Property, Plant
and Equipment
2.4
and Intangible
assets
i) Property, Plant
and Equipment
Assets are valued

at cost (including
any attributable
cost of bringing
the assets to its
working condition
137
for its intended
138
use) less
accumulated
depreciation.
ii) Intangible
Assets
An Intangible
asset is
recognized, where
it is probable that
the future
economic benefits
attributable to the
assets will flow to
the enterprise and
where its cost can
be reliably
measured.
iii) Capital
Work-in-Progress
All direct
expenses incurred
for acquiring,
erecting and
commissioning of
assets, which are
not yet put into
use, are shown
under the head
“Capital
Work-in-Progress”.
All incidental
expenditure
incurred during the
construction
period are
allocated to the
respective Assets
on completion of
the respective
projects.
Depreciation and
2.5
amortisation
Depreciation on
Assets is provided
to the extent of
depreciable
amount on the
Written Down
Value (WDV)
Method.
Depreciation is
provided based on
useful life of the
assets as
prescribed in
Schedule II to the
Companies Act,
2013 (retaining
5% of cost as
residual value)
except in respect
of the following
assets, where
useful life different
than that
139
prescribed in
Schedule II is
considered:
PARTICULARS DEPRECIATION/AMORTISATION
Over
a
B5 Gate period
of 5
years
Over
15 KL Under a
Ground Slim For period
Water Storage of 15
years
Sintex Tanks Over a period of 10 years
Lease Hold Land Over the period of lease
Over
a
Intangible Assets -
period
Software
of 5
years
Revenue
2.6
Recognition
Sale of goods
Sales are
recognised, net
of returns and
discounts, on
transfer of
significant risks of
ownership to the
buyer which
generally
coincides with the
delivery of goods
to customers.
Sales exclude
Goods & Service
Tax (GST), as
applicable.
Service income
Service Income is
recognized as and
when such service
are provided and
accepted by the
customer
2.7 Other Income
Interest income is
accounted on
140
accrual basis on
time proportionate
basis.
Foreign Currency
2.8
Transactions
Foreign currency
transactions are
recorded at the
exchange rate
prevailing at the
time of
transactions.
Foreign currency
amounts relating
to monetary items
outstanding at
close of financial
period are
converted at the
year end rate and
the difference if
any adjusted in
the Statement of
Profit and Loss .
2.9 Employee Benefits
Defined
Contribution Plan:
The company is
covered by
Employee State
Insurance and
Provident Fund to
which defined
Contributions are
made and charged
as an expense.
Defined Benefit
Plan:
The Company has

an obligation
towards gratuity
covering eligible
employees. The
plan provides for
lump sum
payments on
retirement of
employees having
completed at least
five years of
service. The
liability for the
same is provided
on actuarial
valuation using the
projected unit
credit method as
at the date of the
Balance Sheet.
Leave
encashment if any
141
due, is provided
on actual basis.
The Undiscounted
amount of
short-term
employee benefits
to be paid in
exchange of
services rendered
by employees are
recognised during
the year in which
142
the employees
render the service.
2.10 Borrowing Costs
Borrowing cost
that are
attributable to the
acquisition or
construction of
qualifying assets
are capitalised as
part of the costs of
such assets. A
qualifying assets
is on that
necessarily takes
substantial period
of time to get
ready for its
intended use. All
other borrowing
cost are charged
to the Statement
of Profit and Loss.
2.11 Taxes on income
Current tax is
provided for after
taking into
consideration all
tax allowance and
deductions.
Deferred taxation
assets/liabilities
resulting from
‘timing difference’
between book and
taxable profits is
accounted for,
using the tax
rates and laws
that have been
enacted or
substantively
enacted as on the
Balance Sheet
date. Deferred Tax
Assets are
recognized and
carried forward
only to the extent
that there is a
certainty that
sufficient future
taxable income
will be available
against which
such deferred tax
assets can be
realised.
2.12 Investments
Non Current
Investments are
143
stated at cost.
Provision for
diminution is made
when there is
permanent fall in
valuation of Non
Current
investment.
Current
Investments
comprising
investment in
Mutual Funds, are
144
stated at lower of
cost or quoted /
fair value.
Research and
2.13
Development
Research costs
are expensed as
incurred.
Development
expenditures on
an individual
project are
recognised as an
intangible asset
when the
Company can
demonstrate all
the following: -
(i) The
technical feasibility
of completing the
intangible asset so
that the asset will
be available for
use or sale
(ii) Its
intention to
complete and its
ability and
intention to use or
sell the asset
(iii) How the
asset will generate
future economic
benefits
(iv) The
availability of
adequate
resources to
complete the
development and
to use or sell of
the asset
(v) The
ability to measure
reliably the
expenditure
attributable to the
intangible asset
during
development
Following initial
recognition of the
development
expenditure as an
asset, the asset is
carried at cost less
any accumulated
amortisation and
accumulated
impairment losses.
Amortisation of the
asset begins when
development is
complete and the
asset is available
for use. It is
amortised on
straight line basis
145
over the period of

expected future
benefit, i.e. the
estimated useful
life of the
intangible asset.
Amortisation
expense is
recognised in the
Statement of Profit
and Loss.
Government
2.14
Grants
(a) Grants that

compensate
expenses are
recognised as
income on
disbursement as
per terms,
provided all
relevant conditions
are complied with
and shown
separately as
income or
adjusted against
expenses
depending on
nature of the
grant.
(b) Grants
received against
assets are
reduced from the
value of assets in
the year granted.
Impairment of
2.15
Assets
An Asset is
treated as
impaired when the
carrying cost of
asset exceeds its
recoverable value.
An impairment
loss, if any, is
charged to the
Statement of
Profit and Loss in
the year in which
an asset is
identified as
impaired.
Provisions ,
Contingent
2.16
Liabilities and
Contingent Assets
Provisions
involving
substantial degree
146
of estimation in
measurement are
recognised when
there is a present
obligation as a
result of past
events and it is
probable that
there will be an
outflow of
reserves.
Contingent
Liabilities are not
recognised but are
disclosed in the
notes. Contingent
Assets are neither
recognised nor
disclosed in the
Financial
statements.
[201700] Notes - Government grants

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of notes on government grants explanatory [TextBlock]
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
[201200] Notes - Employee benefits

01/04/2021
to
31/03/2022
Disclosure of employee benefits explanatory [TextBlock] [See below]
147
Disclosure of employee benefits explanatory [Text Block]

2.9 Employee Benefits
Defined Contribution Plan:
The company is covered by Employee State Insurance and Provident Fund to

which defined Contributions are made and charged as an expense.
Defined Benefit Plan:
The Company has an obligation towards gratuity covering eligible employees. The
plan provides for lump sum payments on retirement of employees having
completed at least five years of service. The liability for the same is provided on
actuarial valuation using the projected unit credit method as at the date of the
Balance Sheet. Leave encashment if any due, is provided on actual basis.
The Undiscounted amount of short-term employee benefits to be paid in exchange
of services rendered by employees are recognised during the year in which the
employees render the service.
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] Related Parties 1 Related Parties 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of relationship and transactions between
related parties [Abstract]
related parties [LineItems]
Mrs. Anupama Mrs. Anupama
Name of related party Mr. Abhiram Seth Mr. Abhiram Seth
Khanna Khanna
Country of incorporation or residence of related
INDIA INDIA INDIA INDIA
party
Permanent account number of related party AASPS0522R AASPS0522R AHLPB5935D AHLPB5935D
Key Management Key Management Key Management Key Management
Description of nature of related party relationship Personnel Personnel Personnel Personnel
Managerial Managerial
Description of nature of transactions with related Remuneration Remuneration
Remuneration Remuneration
party Perquisites (Net) Perquisites (Net)
Dividend Paid Dividend Paid
Related party transactions [Abstract]
Other related party transactions expense 26.54 1.51
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 103.96 33.4 7.66 6.97
Amount written off during period in respect
0 0 0 0
of debts due from related parties
Amount written back during period in respect
0 0 0 0
of debts due to related parties
148

01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
AQUAGRI GREENTECH AQUAGRI GREENTECH
Name of related party PRIVATE LIMITED PRIVATE LIMITED
Mrs. Radhika Seth Mrs. Radhika Seth

party
Permanent account number of related party ABVPS9789A ABVPS9789A
CIN of related party U01403DL2013PTC352684 U01403DL2013PTC352684
Relatives of Key Relatives of Key
Description of nature of related party relationship Subsidiary company Subsidiary company management management
personnel personnel
Description of nature of transactions with related Investment Made, Sales Investment Made, Sales
Dividend paid Dividend paid
party (Inclusive tax) (Inclusive tax)
Revenue from sale of goods related party
31.93 22.82
transactions
Other related party transactions income 15 0
Outstanding balances for related party
transactions [Abstract]
Share application money received from related
18.75 0
party
0 0 0 0
0 0 0 0

01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
IFFCO EBAZAR IFFCO EBAZAR
Name of related party LIMITED LIMITED
Mr. Tanmay Seth Mr. Tanmay Seth

party
Permanent account number of related party AVIPS8600H AVIPS8600H
CIN of related party U52590DL2011PLC225858 U52590DL2011PLC225858
Key Management Key Management
Description of nature of related party relationship Associate Associate
Personnel Personnel
Description of nature of transactions with related Sales staffing service Sales staffing service Remuneration Remuneration
party Management fees received Management fees received Dividend Paid Dividend Paid
Purchases of goods related party transactions 12,901.63 9,976.53
Other related party transactions expense 783.01 326.24 72.5 0
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 66.71 6.5
0 0 0 0
0 0 0 0
149

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of notes on related party explanatory [TextBlock] [See below]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company No No
150
Disclosure of notes on related party explanatory [Text Block]
Related Party
26.8
Disclosures
(Related
Parties as
identified by
the
Management
and relied
upon by the
Auditors)
(a) List of related

parties where
control exists and
with whom
transactions have
taken place and
relationships
thereof
Name of Related
Party
Key Management
Personnel
Mr. Abhiram
Managing Director
Seth
Mr. Tanmay
Director
Seth
Company Mrs. Anupama

Secretary Khanna
Post Employment
Benefit Plans
Aquagri
Processing Private
Limited Gratuity
Fund Trust
Subsidiary
Aquagri Greentech
Private Limited
Associates
(Control or
Common Directors
etc.)
IFFCO Ebazar
Limited
151
Relative of
Director
Mrs. Radhika Seth
(b) Transactions
during the year with
related parties
March 31, March 31,

Particulars
2022 2021
Transaction Amt. as at Transaction Amt. as at

Value close Value close
i) Key
Management
Personnel:
(a) Managing
Director:
Managerial
Remuneration 103.96 12.24 33.40 -
Perquisites
2.12 0.73 1.51 -
Dividend Paid
24.42 - - -
(b) Company
Secretary
Remuneration
7.66 0.89 6.97 0.82
(c) Director
Remuneration
66.71 6.50 44.98 4.49
Dividend Paid
72.50 - - -
ii) Relative of
Director:
Dividend Paid
15.00 - - -
iii) Subsidiary:
(a) Aquagri
Greentech Private
Limited
Investment
made 18.75 - - -
152
Sales
(Inclusive tax) 31.93 15.63 22.82 13.13
Purchases
(Inclusive tax) - - 0.55 -
iv) Associate
Enterprises:
(a) IFFCO
EBazar Limited
Sales
(Inclusive tax) 12,901.63 771.01 9,976.53 569.43
Staffing
Services (Inclusive
4.32 3.15 3.75 -
Tax)
Management Fee
Received (Inclusive 666.77 65.20 322.49 34.67
Tax)
Dividend
Paid 111.92 - - -
*Note: As the
liabilities for defined
benefit plans are
provided on
actuarial basis for
the Company as a
whole, the amount
pertaining to key
management
personnel are not
included.
[201400] Notes - Leases

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of leases explanatory [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa
[300300] Notes - Earnings per share

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Adjustments of numerator to calculate diluted earnings per share [Abstract]
153
[202800] Notes - Subsidiary information
Details of subsidiaries [Table] ..(1)

Subsidiaries [Axis] Subsidiaries 1
01/04/2021
to
31/03/2022
Details of subsidiaries [Abstract]
Details of subsidiaries [LineItems]
Aquagri Greentech Private
Name of subsidiary Limited
Country of incorporation or residence of subsidiary India
CIN of subsidiary company U01403DL2013PTC352684
Section under which company became subsidiary Section 2(87)(ii)
Whether subsidiary has filed balance sheet No
Reason if no filing has been made by subsidiary NA
Whether financial year of subsidiary different from financial year of holding company No
Financial year of subsidiary [Abstract]
Start date of accounting period of subsidiary 01/04/2021
End date of accounting period of subsidiary 31/03/2022
Percentage of shareholding in subsidiary 75.00%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR
Exchange rate as applicable for subsidiary NA
Share capital of subsidiary 125
Reserves and surplus of subsidiary 17.03
Total assets of subsidiary 138.55
Total liabilities of subsidiary 30.58
Investment of subsidiary 0
Turnover of subsidiary 290.87
Profit before tax of subsidiary 8.1
Provision for tax of subsidiary 0
Profit after tax of subsidiary 8.09
Proposed dividend of subsidiary 0

01/04/2021
to
31/03/2022
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies Yes
Number of subsidiary companies [pure] 1
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No
[202400] Notes - Investments in associates

01/04/2021
to
31/03/2022
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
Whether company has associates liquidated or sold during year No
154
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2021
to
31/03/2022
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures No
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No
[202700] Notes - Cash flow statements

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 2,569.65 656.93
Total cash and cash equivalents 2,569.65 656.93
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 1,006.15 871.51
Total income taxes paid (refund) 1,006.15 871.51
155
[100200] Statement of profit and loss

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 17,864.04 14,427.8
Revenue from sale of services 0 0
Other operating revenues 568.88 275.84
Total revenue from operations other than finance company 18,432.92 14,703.64
Total revenue from operations 18,432.92 14,703.64
Other income 3.98 11.9
Total revenue 18,436.9 14,715.54
Expenses [Abstract]
Cost of materials consumed 4,485.99 4,024.81
Purchases of stock-in-trade 7,086.82 5,802.44
Changes in inventories of finished goods, work-in-progress and
223.47 -325.02
stock-in-trade
Employee benefit expense 829.38 602.22
Finance costs 10.88 13.46
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 155.06 147.31
Total depreciation, depletion and amortisation expense 155.06 147.31
CSR expenditure 38.51 19.99
Other expenses 1,435.76 1,114.91
Total expenses 14,265.87 11,400.12
Total profit before prior period items, exceptional items, extraordinary
4,171.03 3,315.42
items and tax
Total profit before extraordinary items and tax 4,171.03 3,315.42
Total profit before tax 4,171.03 3,315.42
Tax expense [Abstract]
Current tax 1,056.53 868.24
Deferred tax 3.5 -24.22
Total tax expense 1,060.03 844.02
Total profit (loss) for period from continuing operations 3,111 2,471.4
Total profit (loss) for period before minority interest 3,111 2,471.4
Total profit (loss) for period 3,111 2,471.4
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] 34.74 [INR/shares] 27.6
Diluted earnings per equity share [INR/shares] 34.74 [INR/shares] 27.6
156
[300500] Notes - Subclassification and notes on income and expenses

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Subclassification and notes on income and expense explanatory [TextBlock] [See below]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross 17,864.04 14,427.8
Brokerage discounts rebates on revenue from sale of products 0 0
Total revenue from sale of products 17,864.04 14,427.8
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Revenue from sale of services, gross 0 0
Total revenue from sale of services 0 0
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 568.88 275.84
Total other operating revenues 568.88 275.84
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 0 0
Interest on other current investments 0 0
Total interest income on current investments 0 0
Interest income on long-term investments [Abstract]
Interest on fixed deposits, long-term investments 1.79 1.68
Interest on other long-term investments 0.45 0.45
Total interest income on long-term investments 2.24 2.13
Total interest income 2.24 2.13
Dividend income [Abstract]
Dividend income current investments [Abstract]
Dividend income current investments from subsidiaries 0 0
Total dividend income current investments 0 0
Total dividend income 0 0
Other non-operating income [Abstract]
Net gain/loss on foreign currency fluctuations treated as other
0.45 0
income
Miscellaneous other non-operating income (A) 1.29 (B) 9.77
Total other non-operating income 1.74 9.77
Total other income 3.98 11.9
Disclosure of finance cost [Abstract]
Disclosure of notes on finance cost explanatory [TextBlock] [See below]
Interest expense [Abstract]
Interest expense long-term loans [Abstract]
Interest expense long-term loans, banks 0.84 6.91
Interest expense long-term loans, others 1.58 1.8
Total interest expense long-term loans 2.42 8.71
Total interest expense 2.42 8.71
Other borrowing costs 8.46 4.75
Total finance costs 10.88 13.46
Employee benefit expense [Abstract]
Salaries and wages 751.25 536.89
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 0 0
Total remuneration to directors 0 0
Remuneration to manager [Abstract]
Salary to manager 0 0
Total remuneration to manager 0 0
Total managerial remuneration 0 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 48.98 40.32
157
Total contribution to provident and other funds 48.98 40.32

Staff welfare expense 29.15 25.01
Total employee benefit expense 829.38 602.22
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 44.6 29.48
Power and fuel 190.66 131.61
Rent 23.06 19.06
Repairs to building 0.91 3.69
Repairs to machinery 21.08 6.22
Insurance 11.16 9.79
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 7.36 1.84
Total rates and taxes excluding taxes on income 7.36 1.84
Research development expenditure 98.18 106.5
Telephone postage 7.84 7.23
Printing stationery 4.06 3.24
Travelling conveyance 18.53 4.64
Legal professional charges 128.04 110.11
Safety security expenses 26.71 20.57
Directors sitting fees 0 0
Donations subscriptions 0 0
Advertising promotional expenses 9.8 17.19
Cost repairs maintenance other assets 21.06 13.73
Cost transportation [Abstract]
Cost freight 8.32 11.17
Cost other transporting 637.72 369.99
Total cost transportation 646.04 381.16
Provision bad doubtful debts created 11.19 106.1
Provision bad doubtful loans advances created 0 0
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Financing charges written off 0 0
Total miscellaneous expenditure written off 0 0
Bad debts written off 0 0
Bad debts advances written off 0 0
Total write-off assets 0 0
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
0 0
tangible asset
Payments to auditor [Abstract]
Payment for audit services 1.95 1.5
Payment for taxation matters 0.75 0.75
Payment for company law matters 0.51 0.63
Payment for other services 0.4 0.4
Total payments to auditor 3.61 3.28
Miscellaneous expenses 161.87 139.47
Total other expenses 1,435.76 1,114.91
Current tax [Abstract]
Current tax pertaining to current year 1,056.53 868.24
Total current tax 1,056.53 868.24
Footnotes
(A) Unclaimed Amounts Written back
(B) Unclaimed Amounts Written back
158
Subclassification and notes on income and expense explanatory [Text Block]
For the Year For the Year

19 Revenue from operations
Ended Ended
March 31,
March 31, 2021
2022
Sales of Goods
1,786,399,477 1,442,779,705
Other Operating Revenue

56,889,060 27,583,868
Total
1,843,288,537 1,470,363,573
Notes:

Particulars
Ended Ended
March 31, 2022 March 31, 2021
Sale of products comprises
Manufactured Goods
Plant Nutrients
753,875,582 610,137,880
Carrageenan & Seaweeds

28,297,814 38,803,409
782,173,396 648,941,289
Traded goods
Seaweed Granules
974,261,748 759,103,394
Other Agri Products

29,964,333 34,735,021
1,004,226,081 793,838,416
Total Sales of Traded Goods

1,786,399,477 1,442,779,705
Other operating revenues comprises
159
Sales - Scrap and others 116,442 78,930
Freight Recovered
98,190 175,110
Management Fee
56,674,427 27,329,828
Total Other Operating revenue

56,889,060 27,583,868

20 Other Income
Ended Ended
March 31,
March 31, 2021
2022
Interest income
223,346 213,360
Other Non-operating Income

174,781 976,911
Total
398,128 1,190,271
Notes:

Particulars
Ended Ended
March 31, 2022 March 31, 2021
Interest Income Comprises
Interest from banks on:
- Fixed Deposits
178,607 168,621
- Interest on Deposits with TNEB

44,739 44,739
223,346 213,360
Other non- operating income comprises
Exchange Gain (net)

45,590 -
Unclaimed Amounts Written back

129,191 976,911
Miscellaneous Income
- -
160
174,781 976,911
Total
398,128 1,190,271

21 Cost of Material Consumed
Ended Ended
March 31,
March 31, 2021
2022
Opening Stock
92,788,617 37,492,616
Add: Purchases
454,246,786 445,697,505
Add: Freight Charges

10,927,901 12,079,413
557,963,304 495,269,534
Less: Closing Stock

109,364,379 92,788,617
Total
448,598,925 402,480,917

Material Consumed Comprises:
Ended Ended
March 31, 2022 March 31, 2021
Chemicals
185,204,096 188,176,037
Seaweeds
48,171,001 37,488,114
Packing Material
204,196,221 163,045,728
Others
11,027,608 13,771,037
161
Total
448,598,926 402,480,916

21 Change in Inventories of Finished Goods, WIP & Stock-in-Trade
Ended Ended
March 31,
March 31, 2021
2022
Opening Stock
Finished Goods
32,806,913 10,230,889
Work-in-Progress
2,850,992 5,233,674
Stock-in-trade
15,403,159 3,093,663
14,555,545 51,061,064 18,558,226
(2,459,014)
Closing Stock
Finished Goods
18,251,368 32,806,913
Work-in-Progress
5,310,006 2,850,992
Stock-in-trade
5,153,288 15,403,159
10,249,871 28,714,662 51,061,064
Net (Increase)/Decrease in Stock

22,346,402 (32,502,838)

22 Employees Benefit Expenses
Ended Ended
March 31,
March 31, 2021
2022
Salaries, wages & other benefits

75,124,578 53,688,615
Contribution to provident and other funds

4,898,467 4,032,309
Staff welfare
2,915,547 2,501,039
162
Total
82,938,592 60,221,963

23 Financial Cost
Ended Ended
March 31,
March 31, 2021
2022
Interest expenses on:
Borrowings
On Secured Loan
-Term Loan
- 8,836
-Cash Credit
83,514 682,407
On Unsecured Loan
From Department of CSIR

157,500 180,000
Processing Fees
800,000 399,400
Bank Charges
45,640 76,224
Total
1,086,654 1,346,867

24 Other Expenses
Ended Ended
March 31,
March 31, 2021
2022
163
Manufacturing and Other Direct Expenses
Consumption of stores and spare parts

4,459,801 2,947,826
Consumption of loose tools

15,233 14,046
Power and Fuel

19,066,582 13,160,544
Water Charges
281,357 291,978
Labour Charges
8,515,421 8,740,144
Freight Charges
831,518 1,116,971
Other Direct Expenses

2,048,919 1,578,528
Research and Development Expenses

9,817,917 10,649,834
45,036,747 38,499,870
Administrative Expenses
Rent
2,307,194 1,905,771
Repairs and Maintenance
- Buildings
90,675 368,608
- Plant and Machinery

2,107,632 622,320
- Others
2,105,729 1,373,348
Insurance
1,115,766 978,877
Rates and Taxes

735,005 184,192
Office Expenses
191,825 92,313
Communication Expenses
784,405 723,461
Travelling Expenses
1,852,882 464,179
Conveyance Expenses
3,020,205 1,532,477
Printing and Stationary

406,555 323,787
Legal and Professional

12,802,489 11,011,314
164
Payments to Auditors*
361,000 328,000
Irrecoverable Amounts Written off / Bad Debts

528,565 9,156
Provision for doubtful debts

1,118,422 10,609,603
Net loss on foreign Currency Transactions

- 178,221
Security Charges
2,671,357 2,056,560
Expenses under CSR (refer Note 26.15)

3,853,301 1,999,431
Miscellaneous Expenses
1,584,585 1,512,271
37,637,593 36,273,890
Selling Expenses and Business Promotion Expenses
Freight Expenses
63,773,911 36,998,524
Other Expenses
979,749 1,719,042
64,753,659 38,717,566
Total
147,428,000 113,491,326
*Payment to Auditors includes:-

Particulars
Ended Ended
March 31, 2022 March 31, 2021
Statutory Auditors
Statutory Audit
195,000 150,000
Tax Audit
75,000 75,000
Certification
51,000 63,000
Others
40,000 40,000
Total
361,000 328,000
165
166
Disclosure of notes on finance cost explanatory [Text Block]

Cost of Material Consumed For the Year Ended For the Year Ended
March 31, 2022 March 31, 2021
Opening Stock 92,788,617 37,492,616
Add: Purchases 454,246,786 445,697,505
Add: Freight Charges 10,927,901 12,079,413
557,963,304 495,269,534
Less: Closing Stock 109,364,379 92,788,617
Total 448,598,925 402,480,917
Material Consumed Comprises: For the Year Ended For the Year Ended
March 31, 2022 March 31, 2021
Chemicals 185,204,096 188,176,037
Seaweeds 48,171,001 37,488,114
Packing Material 204,196,221 163,045,728
Others 11,027,608 13,771,037
Total 448,598,926 402,480,916
Change in Inventories of Finished Goods, WIP & Stock-in-Trade For the Year Ended For the Year Ended
March 31, 2022 March 31, 2021
Opening Stock
Finished Goods 32,806,913 10,230,889
Work-in-Progress 2,850,992 5,233,674
Stock-in-trade 15,403,159 3,093,663
51,061,064 18,558,226
Closing Stock
Finished Goods 18,251,368 32,806,913
167
Work-in-Progress 5,310,006 2,850,992
Stock-in-trade 5,153,288 15,403,159
28,714,662 51,061,064
Net (Increase)/Decrease in Stock 22,346,402 (32,502,838)
Employees Benefit Expenses For the Year Ended For the Year Ended
March 31, 2022 March 31, 2021
Salaries, wages & other benefits 75,124,578 53,688,615
Contribution to provident and other funds 4,898,467 4,032,309
Staff welfare 2,915,547 2,501,039
Total 82,938,592 60,221,963
Financial Cost For the Year Ended For the Year Ended
March 31, 2022 March 31, 2021
Borrowings
On Secured Loan
-Term Loan - 8,836
-Cash Credit 83,514 682,407
On Unsecured Loan
From Department of CSIR 157,500 180,000
Processing Fees 800,000 399,400
Bank Charges 45,640 76,224
Total 1,086,654 1,346,867
168
Other Expenses For the Year Ended For the Year Ended
March 31, 2022 March 31, 2021
Consumption of stores and spare parts 4,459,801 2,947,826
Consumption of loose tools 15,233 14,046
Power and Fuel 19,066,582 13,160,544
Water Charges 281,357 291,978
Labour Charges 8,515,421 8,740,144
Freight Charges 831,518 1,116,971
Other Direct Expenses 2,048,919 1,578,528
Research and Development Expenses 9,817,917 10,649,834
45,036,747 38,499,870
Rent 2,307,194 1,905,771
- Buildings 90,675 368,608
- Plant and Machinery 2,107,632 622,320
- Others 2,105,729 1,373,348
Insurance 1,115,766 978,877
Rates and Taxes 735,005 184,192
Office Expenses 191,825 92,313
Communication Expenses 784,405 723,461
Travelling Expenses 1,852,882 464,179
Conveyance Expenses 3,020,205 1,532,477
Printing and Stationary 406,555 323,787
Legal and Professional 12,802,489 11,011,314
Payments to Auditors* 361,000 328,000
Irrecoverable Amounts Written off / Bad Debts 528,565 9,156
Provision for doubtful debts 1,118,422 10,609,603
169
Net loss on foreign Currency Transactions - 178,221
Security Charges 2,671,357 2,056,560
Expenses under CSR (refer Note 26.15) 3,853,301 1,999,431
Miscellaneous Expenses 1,584,585 1,512,271
37,637,593 36,273,890
Freight Expenses 63,773,911 36,998,524
Other Expenses 979,749 1,719,042
64,753,659 38,717,566
Total 147,428,000 113,491,326
Particulars For the Year Ended For the Year Ended
March 31, 2022 March 31, 2021
Statutory Auditors
Statutory Audit 195,000 150,000
Tax Audit 75,000 75,000
Certification 51,000 63,000
Others 40,000 40,000
Total 361,000 328,000
170
[300600] Notes - Additional information statement of profit and loss

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Additional information on profit and loss account explanatory [TextBlock] [See below]
Changes in inventories of finished goods 145.56 -225.76
Changes in inventories of work-in-progress -24.59 23.83
Changes in inventories of stock-in-trade 102.5 -123.09
Total changes in inventories of finished goods, work-in-progress and
223.47 -325.02
stock-in-trade
Revenue other services 0 0
Total gross income from services rendered 0 0
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 0 0
Final dividend remitted in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
Total number of non-resident shareholders [pure] 0 [pure] 0
Total number of shares held by non-resident shareholders on which
[shares] 0 [shares] 0
dividends were due
Earnings on other income 0 0
Total earnings in foreign currency 0 0
Domestic sale manufactured goods 7,821.79 6,489.41
Domestic sale traded goods 10,042.25 7,938.39
Total domestic turnover goods, gross 17,864.04 14,427.8
Export sale manufactured goods 0 0
Total export turnover goods, gross 0 0
Total revenue from sale of products 17,864.04 14,427.8
Domestic revenue services 0 0
Total revenue from sale of services 0 0
Expenditure on corporate social responsibility activities as per
38.53 19.99
guidelines
Gross value of transaction with related parties as per AS-18 0 0
Bad debts of related parties as per AS-18 0 0
171
Additional information on profit and loss account explanatory [Text Block]

19 Revenue from operations
Ended Ended
March 31,
March 31, 2021
2022
Sales of Goods
1,786,399,477 1,442,779,705
Other Operating Revenue

56,889,060 27,583,868
Total
1,843,288,537 1,470,363,573
Notes:

Particulars
Ended Ended
March 31, 2022 March 31, 2021
Manufactured Goods
Plant Nutrients
753,875,582 610,137,880
Carrageenan & Seaweeds

28,297,814 38,803,409
782,173,396 648,941,289
Traded goods
Seaweed Granules
974,261,748 759,103,394
Other Agri Products

29,964,333 34,735,021
1,004,226,081 793,838,416
Total Sales of Traded Goods

1,786,399,477 1,442,779,705
Sales - Scrap and others

116,442 78,930
172
Freight Recovered
98,190 175,110
Management Fee
56,674,427 27,329,828
Total Other Operating revenue

56,889,060 27,583,868

20 Other Income
Ended Ended
March 31,
March 31, 2021
2022
Interest income
223,346 213,360
Other Non-operating Income

174,781 976,911
Total
398,128 1,190,271
Notes:

Particulars
Ended Ended
March 31, 2022 March 31, 2021
Interest Income Comprises
Interest from banks on:
- Fixed Deposits
178,607 168,621
- Interest on Deposits with TNEB

44,739 44,739
223,346 213,360
Other non- operating income comprises
Exchange Gain (net)

45,590 -
Unclaimed Amounts Written back

129,191 976,911
Miscellaneous Income
- -
174,781 976,911
173
Total
398,128 1,190,271

21 Cost of Material Consumed
Ended Ended
March 31,
March 31, 2021
2022
Opening Stock
92,788,617 37,492,616
Add: Purchases
454,246,786 445,697,505
Add: Freight Charges

10,927,901 12,079,413
557,963,304 495,269,534
Less: Closing Stock

109,364,379 92,788,617
Total
448,598,925 402,480,917

Material Consumed Comprises:
Ended Ended
March 31, 2022 March 31, 2021
Chemicals
185,204,096 188,176,037
Seaweeds
48,171,001 37,488,114
Packing Material
204,196,221 163,045,728
Others
11,027,608 13,771,037
Total
448,598,926 402,480,916
174

21 Change in Inventories of Finished Goods, WIP & Stock-in-Trade
Ended Ended
March 31,
March 31, 2021
2022
Opening Stock
Finished Goods
32,806,913 10,230,889
Work-in-Progress
2,850,992 5,233,674
Stock-in-trade
15,403,159 3,093,663
14,555,545 51,061,064 18,558,226
(2,459,014)
Closing Stock
Finished Goods
18,251,368 32,806,913
Work-in-Progress
5,310,006 2,850,992
Stock-in-trade
5,153,288 15,403,159
10,249,871 28,714,662 51,061,064
Net (Increase)/Decrease in Stock

22,346,402 (32,502,838)

22 Employees Benefit Expenses
Ended Ended
March 31,
March 31, 2021
2022
Salaries, wages & other benefits

75,124,578 53,688,615
Contribution to provident and other funds

4,898,467 4,032,309
Staff welfare
2,915,547 2,501,039
Total
82,938,592 60,221,963
175

23 Financial Cost
Ended Ended
March 31,
March 31, 2021
2022
Borrowings
On Secured Loan
-Term Loan
- 8,836
-Cash Credit
83,514 682,407
On Unsecured Loan
From Department of CSIR

157,500 180,000
Processing Fees
800,000 399,400
Bank Charges
45,640 76,224
Total
1,086,654 1,346,867

24 Other Expenses
Ended Ended
March 31,
March 31, 2021
2022
176
Consumption of stores and spare parts

4,459,801 2,947,826
Consumption of loose tools

15,233 14,046
Power and Fuel

19,066,582 13,160,544
Water Charges
281,357 291,978
Labour Charges
8,515,421 8,740,144
Freight Charges
831,518 1,116,971
Other Direct Expenses

2,048,919 1,578,528
Research and Development Expenses

9,817,917 10,649,834
45,036,747 38,499,870
Rent
2,307,194 1,905,771
- Buildings
90,675 368,608
- Plant and Machinery

2,107,632 622,320
- Others
2,105,729 1,373,348
Insurance
1,115,766 978,877
Rates and Taxes

735,005 184,192
Office Expenses
191,825 92,313
Communication Expenses
784,405 723,461
Travelling Expenses
1,852,882 464,179
Conveyance Expenses
3,020,205 1,532,477
Printing and Stationary

406,555 323,787
Legal and Professional

12,802,489 11,011,314
Payments to Auditors*
361,000 328,000
177
Irrecoverable Amounts Written off / Bad Debts 528,565 9,156
Provision for doubtful debts

1,118,422 10,609,603
Net loss on foreign Currency Transactions

- 178,221
Security Charges
2,671,357 2,056,560
Expenses under CSR (refer Note 26.15)

3,853,301 1,999,431
Miscellaneous Expenses
1,584,585 1,512,271
37,637,593 36,273,890
Freight Expenses
63,773,911 36,998,524
Other Expenses
979,749 1,719,042
64,753,659 38,717,566
Total
147,428,000 113,491,326

Particulars
Ended Ended
March 31, 2022 March 31, 2021
Statutory Auditors
Statutory Audit
195,000 150,000
Tax Audit
75,000 75,000
Certification
51,000 63,000
Others
40,000 40,000
Total
361,000 328,000
178
[300100] Notes - Revenue

01/04/2021
to
31/03/2022
Disclosure of revenue explanatory [TextBlock] [See below]
179
Disclosure of revenue explanatory [Text Block]

Revenue from operations For the Year Ended For the Year Ended
March 31, 2022 March 31, 2021
Sales of Goods 1,786,399,477 1,442,779,705
Other Operating Revenue 56,889,060 27,583,868
Total 1,843,288,537 1,470,363,573
Notes:
Particulars For the Year Ended For the Year Ended
March 31, 2022 March 31, 2021
Manufactured Goods
Plant Nutrients 753,875,582 610,137,880
Carrageenan & Seaweeds 28,297,814 38,803,409
782,173,396 648,941,289
Traded goods
Seaweed Granules 974,261,748 759,103,394
Other Agri Products 29,964,333 34,735,021
1,004,226,081 793,838,416
Total Sales of Traded Goods 1,786,399,477 1,442,779,705
Sales - Scrap and others 116,442 78,930
Freight Recovered 98,190 175,110
Management Fee 56,674,427 27,329,828
Total Other Operating revenue 56,889,060 27,583,868
180
[300700] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Key Managerial Key Managerial Key Managerial Key Managerial
Key managerial personnels and directors [Axis] Personnels And Personnels And Personnels And Personnels And
Directors 1 Directors 2 Directors 3 Directors 4
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
Disclosure of key managerial personnels and directors
and remuneration to key managerial personnels and
directors [LineItems]
ANUPMA
Name of key managerial personnel or director ABHIRAM SETH TANMAYE SETH RAHUL RAI
KHANNA
Director identification number of key managerial
00176144 02509726 02774749
personnel or director
Permanent account number of key managerial
AASPS0522R AHLPB5935D
personnel or director
Date of birth of key managerial personnel or
09/12/1951 15/04/1985 12/01/1979 07/03/1975
director
Designation of key managerial personnel or director Managing Director Director Director Company Secretary
BA (honours)
Economics, Char
MA (Economics)
Qualification of key managerial personnel or tered Accountant Company Secretary,
PROFESSIONAL from University, of
director and SELP from LLB, B. Com
Nottingham, UK
Harvard Business
School
Shares held by key managerial personnel or director [shares] 9,76,988 [shares] 29,00,000 [shares] 0 [shares] 0
Key managerial personnel or director remuneration
[Abstract]
Gross salary to key managerial personnel or
director [Abstract]
Salary key managerial personnel or director 0 0 0 0
Gross salary to key managerial personnel or
0 0 0 0
director
Total key managerial personnel or director
0 0 0 0
remuneration
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(2)
Key Managerial Key Managerial Key Managerial
Key managerial personnels and directors [Axis] Personnels And Personnels And Personnels And
Directors 5 Directors 6 Directors 7
01/04/2021 01/04/2021 01/04/2021
to to to
31/03/2022 31/03/2022 31/03/2022
remuneration to key managerial personnels and directors [Abstract]
remuneration to key managerial personnels and directors
[LineItems]
TARUNENDU
Name of key managerial personnel or director SINGH
SANJAY GUPTA VED PAL
Director identification number of key managerial personnel or

07820733 07834015 07834658
director
Date of birth of key managerial personnel or director 07/07/1976 08/06/1963 02/11/1961
Designation of key managerial personnel or director Director Director Director
Qualification of key managerial personnel or director PROFESSIONAL PROFESSIONAL PROFESSIONAL
Shares held by key managerial personnel or director [shares] 0 [shares] 0 [shares] 0
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director 0 0 0
Gross salary to key managerial personnel or director 0 0 0
Total key managerial personnel or director remuneration 0 0 0
181
[301000] Notes - Corporate social responsibility
Disclosure of net profits for last three financial years [Table] ..(1)
Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis]
[Member] [Member] [Member]
01/04/2021 01/04/2021 01/04/2021
to to to
31/03/2022 31/03/2022 31/03/2022
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [LineItems]
Description of financial year 2020-21 2019-20 2018-19
Profit before tax of financial year 3,315.42 1,500 914.58
Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
3,315.42 1,500 914.58
of Companies (CSR Policy) Rules, 2014
Classification of CSR spending [Table] ..(1)

Classification Of Classification Of Classification Of Classification Of
Classification of CSR spending [Axis]
CSRSpending 1 CSRSpending 2 CSRSpending 3 CSRSpending 4
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of CSR spending [Abstract]
Details of CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial
year [Abstract]
Manner in which amount CSR spent during
financial year [LineItems]
Oxygen
Support for Emergency
Concentrators to
Medical & Support Support for education Contribution for
Government
CSR project or activity identified hospitals for
service for COVID-19 of children through training of sports
through Yug Sanskriti SOS Children’s Village person
treatment of
Trust
COVID
Environmental Environmental Training to
Sector in which project is covered sustainability sustainability
Education
promote sports
Whether projects or programs undertaken
Yes No No No
in local area or other
Name of state or union territory where
Tamil Nadu Delhi (NCT) Delhi (NCT) Uttar Pradesh
projects or programs was undertaken
Name of district where projects or programs
Sivagangai Central Delhi New Delhi Basti
was undertaken
Budget amount outlay project or program wise 4.45 5 0.12 5
Amount spent on projects or programs
[Abstract]
Direct expenditure on projects or programs 4.45 5 0.12 5
Overheads on projects or programs 0 0 0 0
Total amount spent on projects or programs 4.45 5 0.12 5
B y B y
Directly by Trusts/Societies/Section Trusts/Societies/Section Directly by
Mode of amount spent company 8 company set up by 8 company set up by company
company itself company itself
182

Classification Of Classification Of Classification Of Classification Of
CSRSpending 5 CSRSpending 6 CSRSpending 7 CSRSpending 8
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Manner in which amount CSR spent during financial
year [Abstract]
Manner in which amount CSR spent during
financial year [LineItems]
Providing Desk, Providing Hearing Providing Boats and
Development of
CSR project or activity identified benches, Black Aid to the school for
villages
help to Women to
Board etc students earn their livelihood
Women
Sector in which project is covered Education Education Health care
empowerment
Whether projects or programs undertaken
Na No No No
in local area or other
Name of state or union territory where
Tamil Nadu Tamil Nadu Tamil Nadu Tamil Nadu
projects or programs was undertaken
Name of district where projects or programs Pudukottai
Ramanathapuram Sivagangai Ramanathapuram
was undertaken Ramanathapuram
Budget amount outlay project or program wise 1.41 1.9 0.26 12.37
Amount spent on projects or programs
[Abstract]
Direct expenditure on projects or programs 1.41 1.9 0.26 12.37
Overheads on projects or programs 0 0 0 0
Total amount spent on projects or programs 1.41 1.9 0.26 12.37
Directly by Directly by Directly by Directly by
Mode of amount spent company company company company

Classification Of Classification Of Classification Of
CSRSpending 9 CSRSpending 10 CSRSpending 11
01/04/2021 01/04/2021 01/04/2021
to to to
31/03/2022 31/03/2022 31/03/2022
Manner in which amount CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year
[LineItems]
Support scholarship Support activities
Support to poor
CSR project or activity identified to students for
family
relating to Women
Education empowerment
Poverty, hunger, W o m e n
Sector in which project is covered Education
malnutrition empowerment
Whether projects or programs undertaken in local area or other Yes No No
Name of state or union territory where projects or programs
Tamil Nadu Tamil Nadu Tamil Nadu
was undertaken
Pudukottai
Name of district where projects or programs was undertaken Sivaganga
Ramanathapuram
Tiruvannamalai
Budget amount outlay project or program wise 1 2 5

Amount spent on projects or programs [Abstract]
Direct expenditure on projects or programs 1 2 5
Overheads on projects or programs 0 0 0
Total amount spent on projects or programs 1 2 5
Directly by Directly by Directly by
Mode of amount spent company company company
183

01/04/2021
to
31/03/2022
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
Yes
company
Disclosure of composition of CSR committee [TextBlock] [See below]
Whether company has written CSR policy Yes
Details CSR policy [TextBlock] [See below]
Disclosure overview of projects or programs proposed to be Textual information (44)
undertaken CSR policy [See below]
Disclosure web link of company at which CSR policy is placed http://aquagri.in/sustainability

Disclosure web link projects or programs undertaken CSR policy http://aquagri.in/sustainability
Average net profit for last three financial years 1,910
Prescribed CSR expenditure 38.2
Amount CSR to be spent for financial year 38.51
Amount CSR spent for financial year 38.51
Amount spent in local area 7.35
Amount spent on construction/acquisition of any asset in cash 0
Amount spent on construction/acquisition of any asset yet to
0
be paid in cash
Total amount spent on construction/acquisition of any asset 0
Amount spent on purposes other than construction/acquisition
0
of any asset in cash
Amount spent on purposes other than
0
construction/acquisition of any asset yet to be paid in cash
Total amount spent on purposes other than
0
construction/acquisition of any asset
Amount unspent CSR 0
Disclosure manner in which amount CSR spent during financial year Textual information (45)
explanatory [TextBlock] [See below]
Yug Sanskriti Nyas-
5.0 SOS Children’s
Details of implementing agency Village-
.12 Vivekananda Trust-
5.0
Disclosure responsibility statement of CSR committee that
implementation and monitoring of CSR policy is in compliance [See below]
with CSR policy of company
184
Disclosure of composition of CSR committee [Text Block]

. Composition of CSR Committee:
Dr.
Singh
Mr.
Seth
185
Details CSR policy [Text Block]

ANNEXURE-4
Annual Report on CSR Activities to be Included in the Board's Report
For Financial Year 2021-2022
Brief outline on CSR Policy of the Company.
(a) Objectives
To create livelihood opportunities, to empower the disadvantaged and to support creation of basic infrastructure to improve the living
conditions.
(b) Initiate
Specific projects and programs for achieving the objectives by encouraging the employee’s involvement /agency in the implementation in
order to develop meaningful contact with beneficiaries.
(c) Focus Domain
Since our resources are limited, we will focus on development and upliftment of the coastal communities who are our key partners and
stakeholders of our business and/or any of the activities as specified in CSR calendar.
(d) CSR Activities:
outlining of desired outcomes.
2. The CSR projects / programs / initiatives, will be undertaken within the purview of the Schedule – VII of the Companies Act, 2013 (as
modified from time to time).
3Aquagri will lay emphasis on the sustainability of its projects / programmes to ensure they remain relevant and viable even upon
disengagement at the end of the project period.
4. Aquagri may also consider participation in larger Projects/Programmes where more than one corporate / National / Multi-lateral Agency is
involved.
186
2. Composition of CSR Committee:
Dr.
Singh
Mr.
Seth
3. Provide the web-link where Composition of CSR committee, CSR Policy and CSR projects approved by the board are disclosed on the
website of the company: http://aquagri.in/sustainability
4. Provide the details of Impact assessment of CSR projects carried out in pursuance of sub-rule (3) of rule 8 of the Companies (Corporate
Social responsibility Policy) Rules, 2014, if applicable (attach the report)- N/A
5. Details of the amount available for set off in pursuance of sub-rule (3) of rule 7 of the Companies (Corporate Social responsibility Policy)
Rules, 2014 and amount required for set off for the financial year, if any-N/A
Sl. Financial Amount available for set-off from preceding Amount required to be set-off for the financial
No. Year financial years (in Rs) year, if any (in Rs)
1 -------------- ---------------------------------- -------------------------------
2 --------------- ---------------------------------- -------------------------------
187
3 ---------------- -------------------------------- -------------------------------
Total
6. Average net profit of the company as per section 135(5): Rs. 19,23,26,639/-
7. (a) Two percent of average net profit of the company as per section 135(5)Rs. 38,46,533/-
(b) Surplus arising out of the CSR projects or programmes or activities of the previous financial years. –N/A
(c) Amount required to be set off for the financial year, if any-N/A
(d) Total CSR obligation for the financial year (7a+7b-7c): Rs. 38,46,533/-
8. (a) CSR amount spent or unspent for the financial year:
Total Amount Spent for the Amount Unspent (in Rs.)

Financial Year. (in Rs.)
Total Amount transferred to Amount transferred to any fund specified

Unspent CSR Account as per under Schedule VII as per second proviso
section 135(6). to section 135(5).
Date of Name of Date of

Amount. Amount.
transfer. the Fund transfer.
38,53,301 ----------- ----------- ------------- ----------- -----------
(b) Details of CSR amount spent against ongoing projects for the financial year:
188
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
Amount
transferred
Item to
Amount
from the Unspent
Amount spent in Mode of
list of CSR Mode of
Name Location allocated the Implementatio
Sl. activities Local area Project Account Implementation
of the of the for the current - Through
No. in (Yes/No). duration. for the - Direct
Project. project. project financial Implementing
Schedule project as (Yes/No).
(in Rs.). Year (in Agency
VII to the per
Rs.).
Act. Section
135(6) (in
Rs.).
CSR
State. District. Name Registration
number.
--- ------ ------- ------ -------- ----- -------- -------- ------- --------------
(d) Details of CSR amount spent against other than ongoing projects for the financial year:
Mode of
Mode of
of the Through
Agency
(yes/No)
State District
Name CSR Reg.No
Oxygen
Concentrators
to
Disaster Tamil
management Nadu
hospitals for
treatment of
COVID
Support for
Emergency
Medical &
Support New
Yug
service for Disaster Delhi
2. No Central Delhi 5,00,000 No Sanskriti
COVID-19 management
Nyas
189
through Yug
Sanskriti
Trust
Support for
education of
SOS
Village
Children’s
Village
Uttar
Pradesh
Providing
Promoting Tamil
Desk, Ramanathapuram
Education Nadu
benches, No
and
Providing Promoting
Sivagangai
6. Yes 1,90,000
to the school Nadu
for students
Development Tamil
of villages nadu
and sanitation
Providing
Pudukottai
Boats and
No
help to Women Tamil
8. 12,39,501 Yes -
earn their
Ramanathapuram
livelihood
Support Promoting
Yes
students for Nadu
Education
Pudukottai
Eradication of
10. No 2,00,000 Yes -
malnutrition
Ramanathapuram
Support
activities
relating to Vivekananda
No
Women Women Tamil Trust
11. Tiruvannamalai 5,00,000 No
empowerment Empowerment Nadu
190
(d) Amount spent in Administrative Overheads: Nil
(e) Amount spent on Impact Assessment, if applicable: N/A
(f) Total amount spent for the Financial Year (8b+8c+8d+8e)
(g) Excess amount for set off, if any
Sl. Amount (in

Particular
No. Rs.)
(i) Two percent of average net profit of the company as per section 135(5) Nil
(ii) Total amount spent for the Financial Year Nil
(iii) Excess amount spent for the financial year [(ii)-(i)] Nil
Surplus arising out of the CSR projects or programmes or activities of the previous financial
(iv) Nil
years, if any
(v) Amount available for set off in succeeding financial years [(iii)-(iv)] Nil
9. (a) Details of Unspent CSR amount for the preceding three financial years:
Amount transferred Amount spent Amount remaining

Amount transferred to
Preceding to Unspent CSR in the to be spent in
Sl. any fund specified under
Financial Account under reporting succeeding
No. Schedule VII as per
Year. section 135 (6) (in Financial Year financial years. (in
section 135(6), if any.
Rs.) (in Rs.). Rs.)
Name
Amount
of the Date of transfer.
(in Rs).
Fund
----- ------------ ------------- ------------- ------- ------ ------ ------
191
(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s):
(1) (2) (3) (4) (5) (6) (7) (8) (9)
Total
Amount spent on Cumulative Status of
Financial Year amount
Name the project in the amount spent at the project
Sl. Project in which the Project allocated
of the reporting the end of -
No. ID. project was duration. for the
Project. Financial Year (in reporting Financial Completed
commenced. project (in
Rs). Year. (in Rs.) /Ongoing.
Rs.).
---- ----- ----- --------- ------ ----- ----- ---- ---
10. In case of creation or acquisition of capital asset, furnish the details relating to the asset so created or acquired through CSR spent in the
financial year: N/A
(asset-wise details).
(a) Date of creation or acquisition of the capital asset(s).
(b) Amount of CSR spent for creation or acquisition of capital asset.
(c) Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc.
(d) Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset).
11. Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5)- N/A
__________ ______________________
(Director) (Chairman– CSR Committee)
Place: New Delhi
Date:
192
Disclosure overview of projects or programs proposed to be undertaken CSR policy

outlining of desired outcomes. 2. The CSR projects / programs / initiatives, will be undertaken within the purview of the Schedule – VII of
the Companies Act, 2013 (as modified from time to time). 3Aquagri will lay emphasis on the sustainability of its projects / programmes to
ensure they remain relevant and viable even upon disengagement at the end of the project period. 4. Aquagri may also consider participation
in larger Projects/Programmes where more than one corporate / National / Multi-lateral Agency is involved.
193
Disclosure manner in which amount CSR spent during financial year explanatory [Text Block]
(b) Details of CSR amount spent against other than ongoing projects for the financial year:
Mode of
Mode of
of the Through
Agency
(yes/No)
State District
Name CSR Reg.No
Oxygen
Concentrators
to
Disaster Tamil
management Nadu
hospitals for
treatment of
COVID
Support for
Emergency
Medical &
New
Support Yug
Disaster Delhi
2. service for No Central Delhi 5,00,000 No Sanskriti
management
COVID-19 Nyas
through Yug
Sanskriti
Trust
Support for
education of
SOS
Village
Children’s
Village
Uttar
Pradesh
Providing
Desk, Promoting Tamil
Ramanathapuram
benches, Education Nadu
No
and
194
Providing Promoting
Sivagangai
6. Yes 1,90,000
to the school Nadu
for students
Development Tamil
of villages nadu
and sanitation
Providing
Pudukottai
Boats and
No
help to Women Tamil
8. 12,39,501 Yes -
earn their
Ramanathapuram
livelihood
Support Promoting
Yes
students for Nadu
Education
Pudukottai
Eradication of
10. No 2,00,000 Yes -
malnutrition
Ramanathapuram
Support
activities
Vivekananda
relating to No
Women Tamil Trust
11. Women Tiruvannamalai 5,00,000 No
Empowerment Nadu
empowerment
Disclosure responsibility statement of CSR committee that implementation and monitoring of CSR policy is in
compliance with CSR policy of company
20. Corporate Social Responsibility (CSR) Committee In pursuance to the provisions of Section 135 and Schedule VII of the Companies Act,
2013, CSR Committee of the Board of Directors was formed on 12th July, 2019 to recommend (a) the policy on Corporate Social
Responsibility and implementation of the CSR projects or programs to be undertaken by the company as per CSR Policy (b) recommend the
amount of expenditure to be incurred on CSR activities; and (c) monitor the CSR Policy of the Company from time to time and institute a
transparent monitoring mechanism for implementation of CSR Projects/programs/activities under taken by the Company. The Corporate
Social Responsibility Committee comprised of following directors as its members as on 31st March, 2022: 1. Mr. Vedpal, Chairman 2. Dr.
Tarunendu Singh, Member 3. Mr. Tanmaye Seth, Member During the year under review, the Company spent an amount of Rs. 38,53,301/-
on activities identified as CSR activities. The Annual Report on CSR activities is enclosed as per prescribed format as Annexure-4 and forms
part of this report.
195

Aquagri Processing Private Limited: (400100) Disclosure of General Information About Company

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Aquagri Processing Private Limited: (400100) Disclosure of General Information About Company

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AQUAGRI PROCESSING PRIVATE LIMITED

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

[400100] Disclosure of general information about company

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

Turnover of highest contributing product or service 10,042.25 7,821.79 568.88

[400400] Disclosures - Directors report

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

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

the year under review

Disclosure of statement on declaration given by independent directors

The Directors review

Details on policy development and implementation by company on

Disclosure of change in nature of business [TextBlock] NA

Details of deposits which are not in compliance with requirements

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

As at 31st March 2022 As at 31st March 2021

Operating Income 1,84,32,88,537 1,47,03,63,573

Other Income 3,98,128 11,90,271

Total Income 1,84,36,86,665 1,47,15,53,844

Total Expenditure 1,42,65,83,273 1,14,00,12,278

Operating Profit/(Losses) 41,71,03,392 33,15,41,566

Less: Prior Period Items - 3,26,997

Deferred Tax 3,49,813 -27,49,274

Net Profit/(Loss) 31,11,00,090 24,71,39,648

2. State of the Company’s Affairs:

The Company has one subsidiary:

S. No. Name Designation Appointment or Resignation Appointment date or Resignation date

1. Mr. Abhiram Seth Managing Director - -

2. Mr. Sanjay Gupta Director - -

3. Mr. Ved Pal Director - -

4. Mr. Tanmaye Seth Director - -

5. Mr. Rahul Rai Director - -

6. Dr. Tarunendu Singh Director - -

10. Meeting of Board of Directors:

Mr. Abhiram Seth 4 4

Mr. Sanjay Gupta 4 4

Mr. Ved Pal 4 4

Mr. Tanmaye Seth 4 4

Mr. Rahul Rai 4 3

Dr. Tarunendu Singh 4 3

11. Directors’ Responsibility Statement:

12. Related Parties Transactions:

13. Particulars of Loans And Investment:

(a) Statutory Auditors

(b) Auditors’ Report:

15. Cost Record

16. Extract of Annual Return:

17. Significant and Material Orders:

18. Risk Management Policy:

19. Internal financial controls:

(c) Compliance with applicable laws, regulations and management policies.

20. Corporate Social Responsibility (CSR) Committee

1. Mr. Vedpal, Chairman

2. Dr. Tarunendu Singh, Member

3. Mr. Tanmaye Seth, Member

21. Implementation Of Quarterly Compliance Reporting Mechanism

(a) Conservation of energy

The Foreign Exchange earnings and outflow are summarized as below:

Outflow Rs. 1,29,92,195/-

23. Prevention of Sexual Harassment of Women at Workplace (“POSH”)

For and on behalf of the Board of Directors