Ulink Agritech Private Limited Aoc-2018

ULINK AGRITECH PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2017 to 31/03/2018
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
ULINK AGRITECH PRIVATE
Name of company LIMITED
Corporate identity number U51900PN2008PTC157070
Permanent account number of entity AABCU0395G
E-Space IT Park, Office
No - 101 BC A1 Bld., 46/1
Address of registered office of company Nagar Road, Next to
Inorbit Mall Pune Pune MH
411014 IN
Commercial and
Type of industry Industrial
Registration date 20/10/2008
Company limited by Shares
Category/sub-category of company / Non-govt company
Whether company is listed company No
Date of board meeting when final accounts were approved 06/09/2018
Period covered by financial statements 12 Months 12 Months
Date of start of reporting period 01/04/2017 01/04/2016
Date of end of reporting period 31/03/2018 31/03/2017
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
Yes
relevant books and papers in electronic form
E-Space IT Park, Office
No - 101 BC A1 Bld., 46/1
Complete postal address of place of maintenance of computer
Nagar Road, Next to
servers (storing accounting data) Inorbit Mall Pune Pune MH
411014 IN
Name of city of place of maintenance of computer servers (storing
Pune
accounting data)
Name of state/ union territory of place of maintenance of
Maharashtra
computer servers (storing accounting data)
Pin code of place of maintenance of computer servers (storing
411014
accounting data)
Name of district of place of maintenance of computer servers
Pune
(storing accounting data)
ISO country code of place of maintenance of computer servers
IN
Name of country of place of maintenance of computer servers
India
Phone (with STD/ ISD code) of place of maintenance of computer
020 - 41504200
servers (storing accounting data)
ULINK AGRITECH PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] 1 2 3 4
01/04/2017 01/04/2017 01/04/2017 01/04/2017
to to to to
31/03/2018 31/03/2018 31/03/2018 31/03/2018
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 9961 9961 9961 9961
Wholesale trade Wholesale trade Wholesale trade Wholesale trade
Description of product or service category services services services services
Turnover of product or service category 2,033.67 736.22 1,802.03 655.81
Highest turnover contributing product or
99611117 99611720 99611860 99831179
service (ITC 8 digit) code
Agricultural, lawn
Other business
Fertilizers and a n d garden
processes
Description of product or service Seeds agrochemical machinery and
management services
products equipment, including
n.e.c.
tractors
Turnover of highest contributing product or service 2,033.67 736.22 1,802.03 655.81
[400400] Disclosures - Directors report
Details of shareholding pattern of directors and key managerial personnel [Table] ..(1)
Directors and key managerial personnel [Axis] 1
Shareholding at beginning of year Cumulative shareholding during year
Change in shareholding [Axis]
[Member] [Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
Total number of shares held at end of period [shares] 2,71,368 [shares] 2,71,368 [shares] 2,71,368 [shares] 2,71,368
Percentage of total shares held at end of period 27.43% 27.43% 27.43% 27.43%
Percentage of total shares held at end of
27.43% 27.43% 27.43% 27.43%
period
Details of shareholding pattern of directors
and key managerial personnel [Abstract]
Details of shareholding pattern of
directors and key managerial personnel
[LineItems]
Name of directors and key managerial
Mr. Shardul Sheth Mr. Shardul Sheth
personnel
27.43% 27.43% 27.43% 27.43%
period
2
[Member] [Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
27.43% 27.43% 27.43% 27.43%
period
[LineItems]
Name of directors and key managerial
Mr. Sitanshu Sheth Mr. Sitanshu Sheth
personnel
27.43% 27.43% 27.43% 27.43%
period
Directors and key managerial personnel [Axis] 3 4
Cumulative
Shareholding at
Shareholding at beginning of year shareholding
Change in shareholding [Axis] beginning of year
[Member] during year
[Member]
[Member]
01/04/2017 01/04/2017 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2018 31/03/2018
Total number of shares held at end of period [shares] 0 [shares] 0
[LineItems]
Name of directors and key managerial Mr. Noshir Dady Mr. Meenakshi
Mr. Noshir Dady Colah
personnel Colah Sundaram
3
Directors and key managerial personnel [Axis] 4 5 6
Cumulative Cumulative
Shareholding at Shareholding at
shareholding shareholding
Change in shareholding [Axis] beginning of year beginning of year
during year during year
[Member] [Member]
[Member] [Member]
01/04/2017 01/04/2017 01/04/2017 01/04/2017
to to to to
31/03/2018 31/03/2018 31/03/2018 31/03/2018
[LineItems]
Name of directors and key managerial Mr. Meenakshi Mr. Prashanth Mr. Prashanth
Mr. Abhijit Mhetre
personnel Sundaram Prakash Prakash
Cumulative
shareholding
during year
[Member]
01/04/2017
to
31/03/2018
Details of shareholding pattern of directors and key managerial personnel [Abstract]
Details of shareholding pattern of directors and key managerial personnel [LineItems]
Name of directors and key managerial personnel Mr. Abhijit Mhetre
Details of shareholding pattern [Table] ..(1)

Shareholding pattern [Axis] Shareholders [Member] Promoters [Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
Details of shareholding pattern [Abstract]
Details of shareholding pattern [LineItems]
Number of demat shares held at end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of physical shares held end of period [shares] 9,89,184 [shares] 9,89,184 [shares] 5,42,736 [shares] 5,42,736
Percentage of change in shares held during year 0.00% 0.00%
100.00% 100.00% 54.87% 54.87%
period
100.00% 100.00% 54.87% 54.87%
period
4

Shareholding pattern [Axis] Indian [Member] Individual/HUF [Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
54.87% 54.87% 54.87% 54.87%
period
54.87% 54.87% 54.87% 54.87%
period

Shareholding pattern [Axis] Public shareholding [Member] Non institutions [Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
45.13% 45.13% 45.13% 45.13%
period
45.13% 45.13% 45.13% 45.13%
period
5

Non institutions corporate bodies
Shareholding pattern [Axis] Indian corporate bodies [Member]
[Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
Number of physical shares held end of period [shares] 4,32,988 [shares] 4,32,988 [shares] 2,526 [shares] 2,526
Total number of shares held at end of period [shares] 4,32,988 [shares] 4,32,988 [shares] 2,526 [shares] 2,526
43.78% 43.78% 0.26% 0.26%
period
43.78% 43.78% 0.26% 0.26%
period

Shareholding pattern [Axis] Overseas corporate bodies [Member] Individuals [Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
Number of physical shares held end of period [shares] 4,30,462 [shares] 4,30,462 [shares] 13,460 [shares] 13,460
43.52% 43.52% 1.35% 1.35%
period
43.52% 43.52% 1.35% 1.35%
period
6

Individual shareholders holding nominal
Shareholding pattern [Axis] share capital upto rupees one lakh
[Member]
01/04/2017
to 31/03/2017
31/03/2018
Number of demat shares held at end of period [shares] 0 [shares] 0
Number of physical shares held end of period [shares] 13,460 [shares] 13,460
Total number of shares held at end of period [shares] 13,460 [shares] 13,460
Percentage of total shares held at end of period 1.35% 1.35%
Percentage of change in shares held during year 0.00%
Percentage of change in shares held during year 0.00%
Details of shareholding pattern of top 10 shareholders [Table] ..(1)

Name of top 10 shareholder [Axis] Top 1 shareholder [Member]
[Member] [Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
[shares] [shares]
Total number of shares held at end of period [shares] 4,30,262
4,30,262
[shares] 4,30,262
4,30,262
[shares] [shares]
4,30,262
[shares] 4,30,262
4,30,262
[shares] [shares]
4,30,262
[shares] 4,30,262
4,30,262
43.50% 43.50% 43.50% 43.50%
period
Details of shareholding pattern of top 10
shareholders [Abstract]
shareholders [LineItems]
Aavishkaar India II Aavishkaar India II
Name of shareholder Company Limited Company Limited
[shares] [shares]
4,30,262
[shares] 4,30,262
4,30,262
[shares] [shares]
4,30,262
[shares] 4,30,262
4,30,262
43.50% 43.50% 43.50% 43.50%
period
7

[Member] [Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
[shares] [shares]
Total number of shares held at end of period [shares] 2,426
2,426
[shares] 2,426
2,426
[shares] [shares]
2,426
[shares] 2,426
2,426
[shares] [shares]
2,426
[shares] 2,426
2,426
0.26% 0.26% 0.26% 0.26%
period
Aavishkaar Venture Aavishkaar Venture
Name of shareholder Management Services Private Management Services Private
Limited Limited
[shares] [shares]
2,426
[shares] 2,426
2,426
[shares] [shares]
2,426
[shares] 2,426
2,426
0.26% 0.26% 0.26% 0.26%
period

[Member] [Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
Total number of shares held at end of period [shares] 6,730 [shares] 6,730 [shares] 6,730 [shares] 6,730
0.68% 0.68% 0.68% 0.68%
period
Name of shareholder Mr. Kunal Bahl Mr. Kunal Bahl
0.68% 0.68% 0.68% 0.68%
period
8

[Member] [Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
0.68% 0.68% 0.68% 0.68%
period
Name of shareholder Mr. Rohit Bansal Mr. Rohit Bansal
0.68% 0.68% 0.68% 0.68%
period

[Member] [Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
Total number of shares held at end of period [shares] 100 [shares] 100 [shares] 100 [shares] 100
0.01% 0.01% 0.01% 0.01%
period
IDG Ventures India Fund II IDG Ventures India Fund II
Name of shareholder LLC LLC
0.01% 0.01% 0.01% 0.01%
period
9

Cumulative shareholding during year
Change in shareholding [Axis] Shareholding at beginning of year [Member]
[Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
0.01% 0.01% 0.01% 0.01%
period
IL&FS TRUST COMPANY IL&FS TRUST COMPANY
Name of shareholder LIMITED [acting as the trustee of LIMITED [acting as the trustee of
PANDARA TRUST SCHEME I] PANDARA TRUST SCHEME I]
0.01% 0.01% 0.01% 0.01%
period

[Member] [Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
0.01% 0.01% 0.01% 0.01%
period
Accel India V (Mauritius) Accel India V (Mauritius)
Name of shareholder Ltd Ltd
0.01% 0.01% 0.01% 0.01%
period
10
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] 1 2
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
SHARDUL SITANSHU
First name of director RAJENDRA RAJENDRA
SHETH SHETH
Designation of director Whole-time Director Whole-time Director
Director identification number of director 03107336 02334074
Date of signing board report 06/09/2018 06/09/2018
Details of change in promoters’ shareholding [Table] ..(1)

Promoters [Axis] 1
[Member] [Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
Details of change in promoters’ shareholding
[Abstract]
[LineItems]
Name of promoter Mr. Shardul Sheth Mr. Shardul Sheth
27.43% 27.43% 27.43% 27.43%
period
27.43% 27.43% 27.43% 27.43%
period
11
Details of change in promoters’ shareholding [Table] ..(2)

Promoters [Axis] 2
[Member] [Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
[Abstract]
[LineItems]
Name of promoter Mr. Sitanshu Sheth Mr. Sitanshu Sheth
27.43% 27.43% 27.43% 27.43%
period
27.43% 27.43% 27.43% 27.43%
period
Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Product/service 1 Product/service 2
Principal business activities of company [Axis]
[Member] [Member]
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
Details of principal business activities contributing 10% or more of total turnover
of company [Abstract]
Details of principal business activities contributing 10% or more of total
turnover of company [LineItems]
Other Other business
Name of main product/service non-specialized support service
wholesale trade activities
Other Other business
Description of main product/service non-specialized support service
wholesale trade activities
NIC code of product/service 4690 8299
Percentage to total turnover of company 96.08% 3.92%
12
Details of shareholding of promoters [Table] ..(1)

Promoters [Axis] 1 2
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
Details of shareholding of promoters [Abstract]
Details of shareholding of promoters [LineItems]
Shareholder’s name Mr. Shardul Sheth Mr. Sitanshu Sheth
27.43% 27.43% 27.43% 27.43%
period
27.43% 27.43% 27.43% 27.43%
period
Details of indebtedness of company [Table] ..(1)

Indebtedness [Axis] Indebtedness [Member] Unsecured loans [Member]
01/04/2017 01/04/2017
to 31/03/2017 to 31/03/2017
31/03/2018 31/03/2018
Details of indebtedness of company [Abstract]
Details of indebtedness of company [LineItems]
Changes in indebtedness [Abstract]
Addition in indebtedness 15,00,00,000 15,00,00,000
Total changes in indebtedness 15,00,00,000 15,00,00,000
Principal amount at end of financial year 15,00,00,000 0 15,00,00,000 0
Interest due but not paid at end of financial
0 0 0 0
year
Interest accrued but not due at end of
16,63,000 0 16,63,000 0
financial year
Total indebtedness at end of financial year 15,16,63,000 0 15,16,63,000 0
13

01/04/2017
to
31/03/2018
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair [See below]
Your Board does not intend
to transfer any amount to
Disclosure relating to amounts if any which is proposed to carry to any the General Reserves and
reserves other reserves of the
Company during the year
under review.
As the Company has
incurred loss, your
Directors are unable to
Disclosures relating to amount recommended to be paid as dividend recommend any dividend
during the financial year
ended 31stMarch 2018.
Details regarding energy conservation [See below]
Details regarding technology absorption [See below]
D. Foreign Exchange
Earning and
Outgo During the year
Details regarding foreign exchange earnings and outgo under review, there was
no earning or outgoing in
foreign exchange.
Disclosures in director’s responsibility statement [See below]
Details of material changes and commitment occurred during period Textual information (6)
affecting financial position of company [See below]
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (8)
188(1) [TextBlock] [See below]
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
06/09/2018
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Textual information (9)
[TextBlock] [See below]
Details of change in promoters shareholding [TextBlock]
Details of shareholding pattern of directors and key managerial
personnel [TextBlock]
Disclosure of statement on declaration given by independent directors
under section 149(6) [TextBlock] -
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters -
provided under section 178(3) [TextBlock]
T h e
Company does not have any
Risk Management Policy
Disclosure of statement on development and implementation of risk as the element of risk
management policy [TextBlock] threatening the
Company’s existence is
v e r y
minimal.
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]
T h e r e i s
no change in the nature of
business of the Company
Disclosure of change in nature of business [TextBlock] during the Financial Year
2017-18.
Details of directors or key managerial personnels who were Textual information (12)
appointed or have resigned during year [TextBlock] [See below]
14
During the
Disclosure of companies which have become or ceased to be its financial year under
review, there were no
subsidiaries, joint ventures or associate companies during changes in composition
year [TextBlock] o f
Board.
Details relating to deposits covered under chapter v of companies act Textual information (13)
Details of deposits which are not in compliance with requirements Textual information (14)
of chapter v of act [TextBlock] [See below]
Details of significant and material orders passed by
regulators or courts or tribunals impacting going concern [See below]
status and company’s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with Textual information (16)
reference to financial statements [TextBlock] [See below]
Disclosure of appointment and remuneration of managerial personnels Textual information (17)
Number of meetings of board 6
15
Disclosure in board of directors report explanatory [Text Block]

Board’s Report
To,
The Members of
Ulink AgriTech Private Limited
[CIN: U51900PN2008PTC157070].
Your Directors presents their 10thAnnual Report on the state of affairs of the Company together with the Audited Statement of Accounts and the
Auditors’ Report of the Company for the year ended March 31, 2018.
Financial Highlights:
The summarized financial performance of the Company for the financial year ended March 31, 2018 and March 31, 2017 is given below:
[Amount in INR Lakhs]
Particulars For the Financial Year Ended
March 31, 2018 March 31, 2017
Revenue from Operations and other income 5,441.20 3,124.45
Total Expenditure 8,797.97 5,556.31
Profit before exceptional and extraordinary items and tax (3,356.77) (2,431.86)
Adjustments for extraordinary / exceptional items -
Profit Before Tax (3,356.77) (2,431.86)
Less: Tax Expenses:
- Current Tax - -
- Tax expenses for earlier years - -
- Deferred Tax (Credit)/charge - -
Profit After Tax (3,356.77) (2,431.86)
Surplus carried to Balance Sheet (3,356.77) (2,431.86)
Earnings per equity share (Amt. per share)
- Basic (339.35) (295.62)
16
- Diluted (339.35) (295.62)
During the year under review, the total Income/turnover of the Company was INR5,441.20 Lakhsagainst INR 3,124.45 Lakhsin the corresponding
previous year. The Company has incurred loss of INR3,356.77 Lakhsas compared to loss of INR2,431.86 Lakhsin the corresponding previous
year.
Your Board does not intend to transfer any amount to the General Reserves and other reserves of the Company during the year under review.
State of Company's Affairs and Future Outlook:
The Company is in the business of (i) marketing and trading of the agricultural inputs such as fertilizers, pesticides, nutrients, seeds, sprayers and
other such hardware products; (ii) trading and marketing of agricultural output produce; and (iii) information and technology in relation to
agriculture.
Outlook -
The Company is in the business of (i) marketing and trading of the agricultural inputs such as fertilizers, pesticides, nutrients, seeds, sprayers and
other such hardware products; (ii) trading and marketing of agricultural output produce; and (iii) information and technology in relation to
agriculture. The agri input market in India has traditionally been unorganized and fragmented in nature. The quality of products available to
farmers have been largely of substandard quality. All these challenges in the traditional channel provide a large opportunity for growth as well.
The Company is well positioned to provide solutions to these problems in the traditional agri input channel and grow rapidly over the years.
However, the agricultural market in India is heavily dependent on weather. Any adverse effect on monsoon like extreme delay, drought,
unseasonal rains etc. may adversely affect agriculture and would also adversely affect the performance of the Company in the short run.
Change in Nature of Business, if any.
There is no change in the nature of business of the Company during the Financial Year 2017-18.
Dividend:
As the Company has incurred loss, your Directors are unable to recommend any dividend during the financial year ended 31stMarch 2018.
Share Capital:
As on 31st March, 2018, the authorised share capital of the Company is INR 11,51,16,100.00(Indian Rupees Eleven Crore Fifty One Lakh
Sixteen Thousand One Hundredonly) divided into20,30,000 (Twenty Lakh Thirty Thousand) Equity Shares of INR 10.00(Indian Rupees Ten
only) each, 40,000 (Forty Thousand) ‘Series A’ Preference Shares of INR 1000/-(Indian Rupees One Thousand only) each, 3,59,054 (Three Lac
Fifty Nine Thousand Forty Four) ‘Series B’ Preference Shares of INR 50.00(Indian Rupees Fifty only) each, 3,30,963 (Three Lac Thirty
Thousand Nine Hundred Sixty Three) Compulsorily Convertible Bridge preference Shares of INR 50.00 (Indian Rupees Fifty only) each and
4,06,305 (Four Lakh Six Thousand Three Hundred Five) Series 'C' Compulsorily Convertible preference shares of INR 50.00 (Indian Rupees
Fifty only) each; and Issued, Subscribed and Paid up share capital of the Company is INR 6,02,92,090.00 (Indian Rupees Six Crore Two
LakhNinety Two Thousand Ninety only) divided into 9,89,184(Nine LakhEighty Nine Thousand One Hundred Eighty Four) Equity Shares of
INR 10.00 (Indian Rupees Ten only) each, 2,70,737 (Two Lakh Seventy Thousand Seven Hundred Thirty Seven) ‘Series B’ Preference Shares of
INR 50.00 (Indian Rupees Fifty only) each and 3,30,963 (Three LakhThirty Thousand Nine Hundred Sixty Three) Compulsorily Convertible
Bridge preference shares of INR 50.00 (Indian Rupees Fifty only) each and 4,06,305 (Four Lakh Six Thousand Three Hundred Five) Series 'C'
Compulsorily Convertible preference shares of INR 50.00 (Indian Rupees Fifty only) each.
Board of Directors:
During the financial year under review, there were no changes in composition of Board.
None of the Directors of the Company is disqualified as per the provisions of Section 164(2)of the Companies Act, 2013.
Directors:
The Board of Directors of the Company consists of eminent persons with considerable professional expertise and experience in business and
industry, finance, management, Compliance etc.
The details of the Directors of the Company are asunder:
Particulars / Name of Date of Date of No. of shares held in the

Designation Qualifications
Directors Birth appointment Company
17
Mr. ShardulSheth Whole-time 11/07/1978 MBA 15/06/2010 271,368

Director
Whole-time 25/01/1982
Mr. SitanshuSheth MBA 20/10/2008 271,368
Director
13/01/1961
Mr. NoshirDady Colah Nominee Director MBA 02/05/2013 -
Mr. T.C.
Nominee Director 18/06/1961 CA 02/03/2017 -
MeenakshiSundaram
Mr. Prashanth Prakash Director 29/05/1965 M. Sc. 02/03/2017 -
Company
Mr. Abhijit Sanjay Mhetre 30/03/1985 CS 31/03/2017 -
Secretary
Meetings of the Board of Directors:
During the financial year under review, total Six (6) meetings of the Board of directors were held on April 05, 2017, July 04, 2017, September 12,
2017, December 01, 2017, January 16, 2018, and February 22, 2018 respectively.
The details of Director’s attendances are as under:
Sr. No. Name of the Directors Designation Board Meeting attended during the Year
1. Mr. ShardulSheth Whole-time Director 06
2. Mr. SitanshuSheth Whole-time Director 06
3. Mr. NoshirDady Colah Nominee Director 06
4. Mr. T.C. Meenakshisundaram Nominee Director 06
5. Mr. Prashanth Prakash Director 06
The necessary quorum was present at all the Board Meetings and the intervening gap between the Meetings was within the period prescribed
under the Companies Act, 2013.
Directors’ Responsibility Statement:
To the best of their knowledge and belief and according to the information and explanations obtained by them, your Directors make the following
statements in terms of Section 134(3)(c) of the Companies Act, 2013:
(a) that in the preparation of the annual accounts for the Financial Year 2017-18, the applicable accounting standards have been followed along
with proper explanation relating to material departures;
(b) that the directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the
company for that period;
18
(c) that the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions
of the Companies Act, 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;
(d) that the directors have prepared the annual accounts on a going concern basis;
(e) the directors, in the case of a listed company, had laid down internal financial controls to be followed by the company and that such internal
financial controls are adequate and were operating effectively- (to the extent as may be applicable, this being private Limited company);
(f) that the directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.
Auditors and Auditors’ Report:
M/s. MZSK & Associates, Chartered Accountants, who was appointed as Statutory Auditor of theCompany in 07thAnnual General Meeting of
the Company to hold the Office till the conclusionof the 12thAnnual General Meeting to be held for the financial year 2020, of the Company
andhowever, they have tendered their resignation from the position of Statutory Auditors.
The Members of the Company at their Extra-ordinary General Meeting held on February 22, 2018, have appointed M/s. Deloitte Haskins & Sells
LLP, Chartered Accountants, (Firm Regd. No. 117366W/W-100018), as a Statutory Auditors of the Company to fill the casual vacancy causedby
the resignation of M/s. MZSK & Associates, Chartered Accountants and said new Auditorsretire at the ensuing 10thAnnual General Meeting and
have confirmed their eligibility andwillingness to accept office of the statutory auditors, if re-appointed.
Further, in terms of the provisions relating to statutory auditors forming part of the Companies Amendment Act, 2017, notified on May 7, 2018,
ratification of appointment of Statutory Auditors at every Annual General Meeting is no more a legal requirement.
Hence, the Board of Directors of the Company recommends to appoint M/s. Deloitte Haskins & Sells LLP, Chartered Accountants, (Firm Regd.
No. 117366W/W-100018), as a Statutory Auditors ofthe company to hold office till the conclusion of the 15thAnnual General Meeting of the
Company tobe held for the financial year March, 2023.
Explanation as required under Sec 134(3)(f)(i) of the Companies Act, 2013 –
There are no adverse remarks / qualifications in the report of Statutory Auditor of the Company, hence there is nothing to report in this regard.
Extracts of Annual Returns:
The Extract of Annual Return as required under section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and
Administration) Rules, 2014, in Form MGT-9 is annexed herewith for your kind perusal and information.
Particulars of Loans Granted, Guarantee Provided and Investments Made:
The Company has not advanced any loans, provided any guarantee or Security under Section 186 of the Companies Act, 2013 during the period
under review. Details of the investments made are set out in Note No. 14 to the Financial Statements forming part of this report.
Related Party Transactions:
There were no transactions entered into by the Company with related parties pursuant the provisions of Section 188(1) of the Companies Act,
2013 during the financial year 2017-18, thus the particulars as required in form AOC-2 have not been furnished.
Employee Stock Option Plan:
In order to develop and implement a long term incentive program to effectively attract, motivate and retain the best talent from the industry in a
competitive environment and to encourage employees to align individual performance with Company objectives, the Company has implemented
the Employee Stock Option Plan 2017 (“Plan”). The Plan has been adopted by the Shareholders of the Company vide resolution passed at an
Extra-Ordinary General Meeting held on January 17, 2017.
19
The following disclosures are being made upto March 31, 2018as required under Rule 12 of the Companies (Share Capital and Debentures) Rules,
2014:
Sr. No. Particulars Options
a options granted 46,287
b options vested -
c options exercised / settled -
d the total number of shares arising as a result of exercise of option -
e options lapsed (Forfeited) 17,681
f the exercise price -
g variation of terms of options -
h money realized by exercise of options -
I total number of options in force 29,152
Subsidiary, Joint Venture or Associate Companies
Your Company does not have any Subsidiary, Joint Venture or Associate Company as on March 31, 2018 or during the year ended on that date so
there is no need to prepare consolidated financial statements for the FY 2017-18.
The company has no subsidiary and neither the Managing Director nor the Whole-time Director of the Company receives any remuneration or
commission from any of its subsidiary.
Conservation of Energy, Technology Absorption and Foreign Exchange Outgo:
Conservation of Energy:
We continue to strengthen our energy conservation efforts. We are always in lookout for energy efficient measures for operation, and value
conservation of energy through usage of latest technologies for quality of services. Although the equipment used by the Company being in the
business of trading and marketing of agricultural inputs are not energy sensitive by their very nature, still the Company is making best possible
efforts for conservation of energy, which assures that the computers and all other equipment purchased by the Company strictly adhere to
environmental standards, and they make optimum utilization of energy.
The Company has also put in place the continuous process of identifying and replacing in a phased manner, the machinery used like Computers,
Air Conditioners and UPS etc., which are low in efficiency.
Research and Development (R&D)
The Company believes that in order to improve the quality and standards of services, the Company should have a progressive Research and
Development Process, which should keep on increasing along with the scale of operations of the Company.
Technology absorption, adaptation and innovation
In this era of competition, in order to maintain and increase the clients and customers, we need to provide best quality services to our clients and
customers at minimum cost, which is not possible without innovation, and adapting to the latest technology available in the market for providing
20
the services. The management of your Company is focused on the ongoing process of technology up gradation, and reinvention of business model
of your Company, as and when required.
Foreign Exchange Earning and Outgo
During the year under review, there was no earning or outgoing in foreign exchange.
Risk Management Policy:
The Company does not have any Risk Management Policy as the element of risk threatening the Company’s existence is very minimal.
Vigil Mechanism/Whistle Blower Policy:
The Company does not fall under the prescribed criteria of Section 177(9) of Companies Act, 2013 read with the Companies (Meeting of Board
and its Powers) Rules, 2014 so there is no requirement to establish Vigil Mechanism / Whistle Blower policy thereof.
Internal Financial Control System:
The Company has an adequate Internal Financial Control System which commensurate with the size, scale and complexity of its operations in all
material respect and were operative effectively during the financial year under review and were also periodically reviewed by management and
statutory auditors.
Significant and Material Orders Passedby The Regulators or Courts or Tribunals:
There are no significant and material orders passed by the Regulators / Courts / Tribunals which would impact the going concern status of the
Company and its future operations.
Material Changes and Commitments Affecting the Financial Position of the Company:
There have been no material changes and commitments, affecting the financial position of the Company which have occurred between the end of
the financial year of the company to which the financial statements relate and the date of the report.
Particulars of Employees:
The provisions section 197 of the Companies Act, 2013 read with Rule 5(2) of the Companies (Appointment & Remuneration of Managerial
Personnel) Amendment Rules, 2016 is not applicable to the Company being Private Limited nor any of the employees of the Company are in
receipt of remuneration exceeding the prescribed limits.
Transfer of Unclaimed Dividend to Investor Education and Protection Fund:
The provisions of Section 125(2) of the Companies Act, 2013 do not apply as there was no dividend declared and paid last year.
Deposits:
The Company has neither accepted nor renewed any fixed deposits during the year under review under Section 73 of the Companies Act, 2013.
There are no unclaimed deposits, unclaimed / unpaid interest, refunds due to the deposit holders or to be deposited to the Investor Education and
Protection Fund as on March 31, 2018.
Disclosure under the Sexual Harassment of Women at Workplace (Prevention,Prohibition and Redressal) Act, 2013:
The Company has in place an Anti-Sexual Harassment Policy in line with the requirements of the Sexual Harassment of women at workplace
(Prevention, prohibition and Redressal) Act, 2013. Internal Complaints Committee (ICC) has been set up to redress complaints received regarding
sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy. No complaints were received
during the year 2017-18.
Corporate Social Responsibility:
The Company does not fall under the required criteria of Section 135 of Companies Act, 2013 read with the Companies (Corporate Social
Responsibility Policy) Rules, 2014 so there is no requirement to constitute Corporate Social Responsibility Committee and frame a policy thereof.
General
Your Directors state that no disclosure or reporting is required in respect of the following matters as there were no transactions on these matters
during the financial year 2017-18:
Issue of equity shares with differential rights as to dividend, voting or otherwise.
21
Issue of shares (including sweat equity shares) to employees of the Company under any scheme save and except Employees Stock Option Scheme
as referred to in this Report.
Acknowledgement
Your Directors would like to express their sincere appreciation of the co-operation and assistance received from stakeholders, bankers, regulatory
bodies and other business constituents during the year under review. Your Directors also wish to place on record their deep sense of appreciation
for the commitment displayed by all executives, officers and staff, resulting in the successful performance of the Company during the year.
22
For and on behalf of the Board of Directors

UlinkAgriTech Private Limited
Sd/- Sd/-
ShardulSheth SitanshuSheth
Whole-time Director Whole-time Director
DIN: 03107336 DIN: 02334074
Date :06/09/2018
Place: E-Space IT Park, Office No - 101 BC A1 Bld.,
46/1 Nagar Road, Next to Inorbit Mall, Pune - 411014,
Maharashtra, India
Form No. MGT-9
EXTRACT OF
ANNUAL
RETURN
As on the
financial year
ended on 31st
March, 2018
Ulink AgriTech
Private Limited
[Pursuant to
Section 92(3) of
the Companies
Act, 2013 and
rule 12(1) of the
Companies
(Management
and
Administration)
Rules, 2014]
REGISTRATION
I. AND OTHER
DETAILS:
i. CIN
23
Registration October 20,

ii.
Date 2008
Name of the Ulink AgriTech Private

iii.
Company Limited
Company Limited by
Category /
shares
iv. Sub-Category of
Indian non-Government
the Company
Company
Regd. Office: E-Space IT

Park, Office No - 101 BC
A1 Bld., 46/1 Nagar Road,
Next to Inorbit Mall, Pune -
Address of the 411014, Maharashtra,
Registered India.
v.
office and Telephone No.: 020 -
contact details 41504200
Email Id.:
sitanshu.sheth@agrostar.in
Wedsite : www.agrostar.in
Whether listed
vi No
company
Name, Address
and Contact
details of
vii Not Applicable
Registrar and
Transfer Agent,
if any
PRINCIPAL
BUSINESS
II.
ACTIVITIES OF THE
COMPANY
All the business

activities contributing
10 % or more of the
total turnover of the
company shall be
stated:-
Name and
% to total
Description of NIC Code of the Product/
Sl. No. turnover of
main products / service
the company
services
24
Other
1 non-specialized 4690 96.08%
wholesale trade
Other business
2 support service 8299 3.92%
activities
PARTICULARS OF
HOLDING,
SUBSIDIARY AND
III.
ASSOCIATE
COMPANIES - NOT
APPLICABLE
Name and
Holding/ Subsid-iary/ % of shares
Sl. No. Address of the CIN/GLN
Associate held
Company
- - -
SHARE HOLDING
PATTERN (Equity
Share Capital
IV.
Breakup as
percentage of Total
Equity)
i) Category-wise
Share Holding
No. of Shares held at No. of Shares

Category of
the beginning of the held at the end % Change during the year
Shareholders
year of the year
% of Total
- Demat Physical Total Demat Physical
Share
A. Promoters
(1) Indian
25
a)
0 542736 542736 54.87 0 542736
Individual/HUF
b) Central Govt 0 0 0 0.00 0 0
c) State Govt (s) 0 0 0 0.00 0 0
d) Bodies Corp. 0 0 0 0.00 0 0
e) Banks / FI 0 0 0 0.00 0 0
f) Any 0 0 0 0.00 0 0
Other…. 0 0 0 0.00 0 0
Sub-total (A)
0 542736 542736 54.87 0 542736
(1):-
(2) Foreign 0.00
a) NRIs -
0 0 0 0.00 0 0
Individuals
b) Other –
0 0 0 0.00 0 0
Individuals
c) Bodies Corp. 0 0 0 0.00 0 0
d) Banks / FI 0 0 0 0.00 0 0
e) Any Other…. 0 0 0 0.00 0 0
Sub-total (A)
0 0 0 0.00 0 0
(2):-
Total
shareholding of
0 542736 542736 54.87 0 542736
Promoter (A) =
(A)(1)+(A)(2)
B. Public
Shareholding
1. Institutions
26
a) Mutual Funds 0 0 0 0.00 0 0
b) Banks / FI 0 0 0 0.00 0 0
c) Central Govt 0 0 0 0.00 0 0
d) State Govt(s) 0 0 0 0.00 0 0
e) Venture
0 0 0 0.00 0 0
Capital Funds
f) Insurance
0 0 0 0.00 0 0
Companies
g) FIIs 0 0 0 0.00 0 0
h) Foreign
Venture Capital 0 0 0 0.00 0 0
Funds
i) Others
0 0 0 0.00 0 0
(specify)
Sub-total (B)(1):- 0 0 0 0.00 0 0
2.
Non-Institutions
a) Bodies Corp.
i) Indian 0 2526 2526 0.26 0 2526
ii) Overseas 0 430462 430462 43.52 0 430462
b) Individuals
i) Individual
shareholders
holding nominal 0 13460 13460 1.36 0 13460
share capital
upto Rs. 1 lakh
ii) Individual
shareholders
holding nominal
0 0 0 0.00 0 0
share capital in
excess of Rs 1
lakh
27
c) Others
0 0 0.00
(specify)
Sub-total (B)(2):- 0 446448 446448 45.13 0 446448
Total Public
Shareholding 0 446448 446448 45.13 0 446448
(B)=(B)(1)+(B)(2)
C. Shares held
by Custodian for 0.00 0.00 0.00
GDRs & ADRs
Grand Total
0 989184 989184 100.00 0 989184
(A+B+C)
ii. Shareholding of
Promoters
No. of Shares
% Change
held at the No. of Shares held at the
Sl. No. Shareholder’s Name during the
beginning of the end of the year
year
year
%of Shares % of Total

% of Total Shares of the Pledged / Shares of
- - No.of Share No.of Share
Company encumbered the
to total shares Company
1 Mr. Shardul Sheth 271368 27.43% - 271368 27.43%
2 Mr. Sitanshu Sheth 271368 27.43% - 271368 27.43%
iii. Change in
Promoters’
Shareholding (
please specify, if
there is no change)
Cumulative
Sl. Shareholding at the Shareholding
-
No. beginning of the year during the
year
28
% of total % of total
- - No. of shares shares of the No. of shares shares of
company the
company
Mr. Shardul
1
Sheth
At the beginning
- 271368 27.43%
of the year
Changes during
- the financial - -
year
At the End of
- 271368
the year
Cumulative
-
year
% of total
% of total
shares of
- - No. of shares shares of the No. of shares
the
company
company
Mr. Sitanshu
2
Sheth
At the beginning
- 271368 27.43%
of the year
Changes during
- the financial - -
year
At the End of
- 271368
the year
iv. Shareholding
Pattern of top ten
Shareholders (other
than Directors,
Promoters and
Holders of GDRs
and ADRs):
29
Cumulative
-
year
% of total
% of total
shares of
the
company
company
Aavishkaar
India II
1
Company
Limited
At the beginning
- 430262 43.50%
of the year
Changes during
- the financial - -
year
At the End of
- 430262
the year
Cumulative
-
year
% of total
% of total
shares of
the
company
company
Aavishkaar
Venture
2 Management
Services Private
Limited
At the beginning
- 2426 0.25%
of the year
Changes during
- the financial - -
year
At the End of
- 2426
the year
30
Cumulative
-
year
% of total
% of total
shares of
the
company
company
3 Mr. Kunal Bahl
At the beginning
- 6730 0.68%
of the year
Changes during
- the financial - -
year
At the End of
- 0
the year
Cumulative
-
year
% of total
% of total
shares of
the
company
company
Mr. Rohit
4
Bansal
At the beginning
- 6730 0.68%
of the year
Changes during
- the financial - -
year
At the End of
- 6730
the year
Cumulative
-
31
year
% of total
% of total
shares of
the
company
company
IDG Ventures
5 India Fund II
LLC
At the beginning
- 100 0.01%
of the year
Changes during
- the financial - -
year
At the End of
- 100
the year
Cumulative
-
year
% of total
% of total
shares of
the
company
company
IL&FS TRUST
COMPANY
LIMITED [acting
6 as the trustee of
PANDARA
TRUST
SCHEME I]
At the beginning
- 100 0.01%
of the year
Changes during
- the financial - -
year
At the End of
- 100
the year
Cumulative
32

-
year
% of total
% of total
shares of
the
company
company
Accel India V
7
(Mauritius) Ltd
At the beginning
- 100 0.01%
of the year
Changes during
- the financial - -
year
At the End of
- 100
the year
v. Shareholding of
Directors and Key
Managerial
Personnel:
Cumulative
Shareholding at the Shareholding
Sl. No. -
beginning of the year during the
year
% of total
% of total
shares of
the
company
company
Mr. Shardul
1
Sheth
At the beginning
- 271368 27.43%
of the year
Changes during
- the financial - -
year
At the End of
- 271368
the year
33
Cumulative
Sl. No. -
year
% of total
% of total
shares of
the
company
company
Mr. Sitanshu
2
Sheth
At the beginning
- 271368 27.43%
of the year
Changes during
- the financial - -
year
At the End of
- 271368
the year
Cumulative
Sl. No. -
year
% of total
% of total
shares of
the
company
company
Mr. Noshir Dady

3
Colah
At the beginning
- - -
of the year
Changes during
- the financial - -
year
At the End of
- - -
the year
34
Shareholding at the Cumulative

Sl. No. - Shareholding
beginning of the year
during the
year
% of total
% of total
shares of
the
company
company
Mr. Meenakshi
4
Sundaram
At the beginning
- - -
of the year
Changes during
- the financial - -
year
At the End of
- - -
the year
Cumulative
Sl. No. -
year
% of total
% of total
shares of
the
company
company
Mr. Prashanth
5
Prakash
At the beginning
- - -
of the year
Changes during
- the financial - -
year
At the End of
- - -
the year
Cumulative
Sl. No. -
year
35
% of total
% of total
shares of
the
company
company
Mr. Abhijit
6
Mhetre
At the beginning
- - -
of the year
Changes during
- the financial - -
year
At the End of
- - -
the year
V. INDEBTEDNESS
Indebtedness of the
Company including
interest
outstanding/accrued
but not due for
payment
Secured Loans
- excluding Unsecured Loans Deposits Total Indebtedness
deposits
Indebtedness at the
beginning of the
financial year
i) Principal Amount - - - -
ii) Interest due but

- - - -
not paid
iii) Interest accrued

- - - -
but not due
Total (i+ii+iii) - - - -
36
Change in
Indebtedness during - - - -
the financial year
? Addition - 150,000,000 -
150,000,000
? Reduction - - - -
Net Change - 150,000,000 -

150,000,000
Indebtedness at the
end of the financial -
year
i) Principal Amount - 150,000,000 -

150,000,000

- - - -
not paid

- 1,663,000 -
but not due 1,663,000
Total (i+ii+iii) - 151,663,000 -

151,663,000
REMUNERATION
OF DIRECTORS
XI. AND KEY
MANAGERIAL
PERSONNEL
A. Remuneration to
Managing Director,
Whole-time Directors
and/or Manager:
Name of
Sl. Particulars of
MD/WTD/ Total Amount
no. Remuneration
Manager
Mr. Shardul
Sheth Mr. Sitanshu Sheth
37
- - Whole-time Whole-time Director

Director
1 Gross salary
(a) Salary as per

provisions contained
- in section 17(1) of 5,409,687
5,417,756
the Income-tax Act,
1961.
(b) Value of
perquisites u/s 17(2)
- - -
Income-tax Act,
1961
(c) Profits in lieu of

salary under section
- - -
17(3) Income-tax
Act, 1961
2 Stock Option - -
3 Sweat Equity - -
Commission
4 - as % of profit - -
- others, specify…
Others, please
5
specify
- Total (A) 5,409,687

5,417,756
Ceiling as per the

Act
B. Remuneration to
other directors:
Sl. Particulars of Name of Total

No. Remuneration Directors Amount
- - - - -
Independent
38
1 Directors
- Fee for attending

- board /committee - -
-
meetings
- - Commission - -
-
- Others, please
- - -
specify -
- Total (1) - -
-
Other Non-Executive
Directors
Mr. Noshir Dady Mr. Prashanth
2 Mr. Meenakshi Sundaram
Colah Prakash
?
? Others, please
specify
- Fee for attending

-
meetings
- - Commission - -
-
- Others, please
- - -
specify -
- Total (2) - -
-
- Total (B)=(1+2) - -
-
Total Managerial
- - - -
Remuneration
Overall Ceiling as
- - - -
per the Act
C. REMUNERATION
TO KEY
MANAGERIAL
PERSONNEL
OTHER THAN
MD/MANAGER/WTD
39
Sl. Particulars of Key Managerial

no. Remuneration Personnel
Company
- CEO CFO
Secretary
1 Gross salary
(a) Salary as per

- in section 17(1) of -
374,012.00 -
the Income-tax Act,
1961
(b) Value of
- - -
Income-tax Act, -
1961

- - -
17(3) Income-tax -
Act, 1961
2 Stock Option - -
-
3 Sweat Equity - -
-
Commission
-
Others, please
5 - -
specify -
- Total -
374,012.00 -
PENALTIES /
PUNISHMENT/
XII.
COMPOUNDING OF
OFFENCES:
40
Section Details of Appeal

of the Penalty Authority [RD / NCLT / made, if any
Type Brief Description
Compa-nies Act /Punishment/ COURT] (give
Compounding Details)
fees imposed
A. COMPANY
Penalty Nil
Punishment
Compounding
B. DIRECTORS
Penalty Nil
Punishment
Compounding
C. OTHER
OFFICERS IN
DEFAULT
Penalty Nil
Punishment
Compounding
Description of state of companies affair

State of Company's Affairs and Future Outlook: The Company is in the business of (i) marketing and trading of the agricultural inputs such as
fertilizers, pesticides, nutrients, seeds, sprayers and other such hardware products; (ii) trading and marketing of agricultural output produce; and
(iii) information and technology in relation to agriculture. Outlook - The Company is in the business of (i) marketing and trading of the
agricultural inputs such as fertilizers, pesticides, nutrients, seeds, sprayers and other such hardware products; (ii) trading and marketing of
agricultural output produce; and (iii) information and technology in relation to agriculture. The agri input market in India has traditionally been
unorganized and fragmented in nature. The quality of products available to farmers have been largely of substandard quality. All these challenges
in the traditional channel provide a large opportunity for growth as well. The Company is well positioned to provide solutions to these problems
in the traditional agri input channel and grow rapidly over the years. However, the agricultural market in India is heavily dependent on weather.
Any adverse effect on monsoon like extreme delay, drought, unseasonal rains etc. may adversely affect agriculture and would also adversely
affect the performance of the Company in the short run.
41
Details regarding energy conservation

A. Conservation of Energy: We continue to strengthen our energy conservation efforts. We are always in lookout for energy efficient measures
for operation, and value conservation of energy through usage of latest technologies for quality of services. Although the equipment used by the
Company being in the business of trading and marketing of agricultural inputs are not energy sensitive by their very nature, still the Company is
making best possible efforts for conservation of energy, which assures that the computers and all other equipment purchased by the Company
strictly adhere to environmental standards, and they make optimum utilization of energy. The Company has also put in place the continuous
process of identifying and replacing in a phased manner, the machinery used like Computers, Air Conditioners and UPS etc., which are low in
efficiency.
Details regarding technology absorption

C. Technology absorption, adaptation and innovation In this era of competition, in order to maintain and increase the clients and customers, we
need to provide best quality services to our clients and customers at minimum cost, which is not possible without innovation, and adapting to the
latest technology available in the market for providing the services. The management of your Company is focused on the ongoing process of
technology up gradation, and reinvention of business model of your Company, as and when required.
Disclosures in director’s responsibility statement

Directors’ Responsibility Statement: To the best of their knowledge and belief and according to the information and explanations obtained by
them, your Directors make the following statements in terms of Section 134(3)(c) of the Companies Act, 2013: (a) that in the preparation of the
annual accounts for the Financial Year 2017-18, the applicable accounting standards have been followed along with proper explanation relating to
material departures; (b) that the directors have selected such accounting policies and applied them consistently and made judgments and estimates
that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the
profit and loss of the company for that period; (c) that the directors have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the company and for preventing
and detecting fraud and other irregularities; (d) that the directors have prepared the annual accounts on a going concern basis; (e) the directors, in
the case of a listed company, had laid down internal financial controls to be followed by the company and that such internal financial controls are
adequate and were operating effectively- (to the extent as may be applicable, this being private Limited company); (f) that the directors have
devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating
effectively.
Details of material changes and commitment occurred during period affecting financial position of company
There have been no material changes and commitments, affecting the financial position of the Company which have occurred between the end of
the financial year of the company to which the financial statements relate and the date of the report.
Particulars of loans guarantee investment under section 186 [Text Block]

The Company has not advanced any loans, provided any guarantee or Security under Section 186 of the Companies Act, 2013 during the period
under review. Details of the investments made are set out in Note No. 14 to the Financial Statements forming part of this report.
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
There were no transactions entered into by the Company with related parties pursuant the provisions of Section 188(1) of the Companies Act,
2013 during the financial year 2017-18, thus the particulars as required in form AOC-2 have not been furnished.
42
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
Form No. MGT-9
EXTRACT OF
ANNUAL
RETURN
As on the
financial year
ended on 31st
March, 2018
Ulink AgriTech
Private Limited
[Pursuant to
Section 92(3) of
the Companies
Act, 2013 and
rule 12(1) of the
Companies
(Management
and
Administration)
Rules, 2014]
REGISTRATION
I. AND OTHER
DETAILS:
i. CIN
Registration October 20,

ii.
Date 2008
Name of the Ulink AgriTech Private

iii.
Company Limited
Company Limited by
Category /
shares
iv. Sub-Category of
Indian non-Government
the Company
Company
Regd. Office: E-Space IT

Park, Office No - 101 BC
43
A1 Bld., 46/1 Nagar Road,

Next to Inorbit Mall, Pune -
411014, Maharashtra,
India.
Telephone No.: 020 -
41504200
Email Id.:
sitanshu.sheth@agrostar.in
Address of the
Registered
v. office and
contact details
44
Wedsite : www.agrostar.in
Whether listed
vi No
company
Name, Address
and Contact
details of
vii Not Applicable
Registrar and
Transfer Agent,
if any
PRINCIPAL
BUSINESS
II.
ACTIVITIES OF THE
COMPANY
All the business

activities contributing
10 % or more of the
total turnover of the
company shall be
stated:-
Name and
% to total
Description of NIC Code of the Product/
Sl. No. turnover of
main products / service
the company
services
Other
1 non-specialized 4690 96.08%
wholesale trade
Other business
2 support service 8299 3.92%
activities
PARTICULARS OF
HOLDING,
SUBSIDIARY AND
III.
ASSOCIATE
COMPANIES - NOT
APPLICABLE
Name and
Holding/ Subsid-iary/ % of shares
Sl. No. Address of the CIN/GLN
45
Company Associate held
- - -
SHARE HOLDING
PATTERN (Equity
Share Capital
IV.
Breakup as
percentage of Total
Equity)
i) Category-wise
Share Holding
No. of Shares held at No. of Shares

Category of
the beginning of the held at the end % Change during the year
Shareholders
year of the year
% of Total
- Demat Physical Total Demat Physical
Share
A. Promoters
(1) Indian
a)
0 542736 542736 54.87 0 542736
Individual/HUF
b) Central Govt 0 0 0 0.00 0 0
c) State Govt (s) 0 0 0 0.00 0 0
d) Bodies Corp. 0 0 0 0.00 0 0
e) Banks / FI 0 0 0 0.00 0 0
f) Any 0 0 0 0.00 0 0
Other…. 0 0 0 0.00 0 0
Sub-total (A)
46
(1):- 0 542736 542736 54.87 0 542736
(2) Foreign 0.00
a) NRIs -
0 0 0 0.00 0 0
Individuals
b) Other –
0 0 0 0.00 0 0
Individuals
c) Bodies Corp. 0 0 0 0.00 0 0
d) Banks / FI 0 0 0 0.00 0 0
e) Any Other…. 0 0 0 0.00 0 0
Sub-total (A)
0 0 0 0.00 0 0
(2):-
Total
shareholding of
0 542736 542736 54.87 0 542736
Promoter (A) =
(A)(1)+(A)(2)
B. Public
Shareholding
1. Institutions
a) Mutual Funds 0 0 0 0.00 0 0
b) Banks / FI 0 0 0 0.00 0 0
c) Central Govt 0 0 0 0.00 0 0
d) State Govt(s) 0 0 0 0.00 0 0
e) Venture
0 0 0 0.00 0 0
Capital Funds
f) Insurance
0 0 0 0.00 0 0
Companies
g) FIIs 0 0 0 0.00 0 0
47
h) Foreign
Venture Capital 0 0 0 0.00 0 0
Funds
i) Others
0 0 0 0.00 0 0
(specify)
Sub-total (B)(1):- 0 0 0 0.00 0 0
2.
Non-Institutions
a) Bodies Corp.
i) Indian 0 2526 2526 0.26 0 2526
ii) Overseas 0 430462 430462 43.52 0 430462
b) Individuals
i) Individual
shareholders
holding nominal 0 13460 13460 1.36 0 13460
share capital
upto Rs. 1 lakh
ii) Individual
shareholders
holding nominal
0 0 0 0.00 0 0
share capital in
excess of Rs 1
lakh
c) Others
0 0 0.00
(specify)
Sub-total (B)(2):- 0 446448 446448 45.13 0 446448
Total Public
Shareholding 0 446448 446448 45.13 0 446448
(B)=(B)(1)+(B)(2)
C. Shares held
by Custodian for 0.00 0.00 0.00
GDRs & ADRs
Grand Total
0 989184 989184 100.00 0 989184
(A+B+C)
48
ii. Shareholding of
Promoters
No. of Shares
% Change
held at the No. of Shares held at the
Sl. No. Shareholder’s Name during the
beginning of the end of the year
year
year
%of Shares % of Total

% of Total Shares of the Pledged / Shares of
- - No.of Share No.of Share
Company encumbered the
to total shares Company
1 Mr. Shardul Sheth 271368 27.43% - 271368 27.43%
2 Mr. Sitanshu Sheth 271368 27.43% - 271368 27.43%
iii. Change in
Promoters’
Shareholding (
please specify, if
there is no change)
Cumulative
-
year
% of total
% of total
shares of
the
company
company
Mr. Shardul
1
Sheth
At the beginning
- 271368 27.43%
of the year
Changes during
- the financial - -
year
At the End of
- 271368
the year
49
Cumulative
-
year
% of total
% of total
shares of
the
company
company
Mr. Sitanshu
2
Sheth
At the beginning
- 271368 27.43%
of the year
Changes during
- the financial - -
year
At the End of
- 271368
the year
iv. Shareholding
Pattern of top ten
Shareholders (other
than Directors,
Promoters and
Holders of GDRs
and ADRs):
Cumulative
-
year
% of total
% of total
shares of
the
company
company
Aavishkaar
India II
1
Company
Limited
At the beginning
- 430262 43.50%
of the year
Changes during
50
- the financial - -
year
At the End of
- 430262
the year
Cumulative
-
year
% of total
% of total
shares of
the
company
company
Aavishkaar
Venture
2 Management
Services Private
Limited
At the beginning
- 2426 0.25%
of the year
Changes during
- the financial - -
year
At the End of
- 2426
the year
Cumulative
-
year
% of total
% of total
shares of
the
company
company
3 Mr. Kunal Bahl
At the beginning
- 6730 0.68%
of the year
Changes during
- the financial - -
year
51
At the End of
- 0
the year
Cumulative
-
year
% of total
% of total
shares of
the
company
company
Mr. Rohit
4
Bansal
At the beginning
- 6730 0.68%
of the year
Changes during
- the financial - -
year
At the End of
- 6730
the year
Cumulative
-
year
% of total
% of total
shares of
the
company
company
IDG Ventures
5 India Fund II
LLC
At the beginning
- 100 0.01%
of the year
Changes during
- the financial - -
year
52
- At the End of 100

the year
Cumulative
-
year
% of total
% of total
shares of
the
company
company
IL&FS TRUST
COMPANY
LIMITED [acting
6 as the trustee of
PANDARA
TRUST
SCHEME I]
At the beginning
- 100 0.01%
of the year
Changes during
- the financial - -
year
At the End of
- 100
the year
Cumulative
-
year
% of total
% of total
shares of
the
company
company
Accel India V
7
(Mauritius) Ltd
At the beginning
- 100 0.01%
of the year
Changes during
- the financial - -
year
53
At the End of
- 100
the year
v. Shareholding of
Directors and Key
Managerial
Personnel:
Cumulative
Sl. No. -
year
% of total
% of total
shares of
the
company
company
Mr. Shardul
1
Sheth
At the beginning
- 271368 27.43%
of the year
Changes during
- the financial - -
year
At the End of
- 271368
the year
Cumulative
Sl. No. -
year
% of total
% of total
shares of
the
company
company
Mr. Sitanshu
2
Sheth
At the beginning
- 271368 27.43%
of the year
54
Changes during
- the financial - -
year
At the End of
- 271368
the year
Cumulative
Sl. No. -
year
% of total
% of total
shares of
the
company
company
Mr. Noshir Dady

3
Colah
At the beginning
- - -
of the year
Changes during
- the financial - -
year
At the End of
- - -
the year
Cumulative
Sl. No. -
year
% of total
% of total
shares of
the
company
company
Mr. Meenakshi
4
Sundaram
At the beginning
- - -
of the year
Changes during
- the financial - -
year
55
At the End of
- - -
the year
Cumulative
Sl. No. -
year
% of total
% of total
shares of
the
company
company
Mr. Prashanth
5
Prakash
At the beginning
- - -
of the year
Changes during
- the financial - -
year
At the End of
- - -
the year
Cumulative
Sl. No. -
year
% of total
% of total
shares of
the
company
company
Mr. Abhijit
6
Mhetre
At the beginning
- - -
of the year
Changes during
- the financial - -
year
At the End of
- - -
the year
56
V. INDEBTEDNESS
Indebtedness of the
Company including
interest
outstanding/accrued
but not due for
payment
Secured Loans
- excluding Unsecured Loans Deposits Total Indebtedness
deposits
Indebtedness at the
beginning of the
financial year
i) Principal Amount - - - -

- - - -
not paid

- - - -
but not due
Total (i+ii+iii) - - - -
Change in
Indebtedness during - - - -
the financial year
? Addition - 150,000,000 -
150,000,000
? Reduction - - - -
Net Change - 150,000,000 -

150,000,000
Indebtedness at the
end of the financial -
year
57
i) Principal Amount - 150,000,000 -

150,000,000

- - - -
not paid

- 1,663,000 -
but not due 1,663,000
Total (i+ii+iii) - 151,663,000 -

151,663,000
REMUNERATION
OF DIRECTORS
XI. AND KEY
MANAGERIAL
PERSONNEL
A. Remuneration to
Managing Director,
Whole-time Directors
and/or Manager:
Name of
Sl. Particulars of
MD/WTD/ Total Amount
no. Remuneration
Manager
Mr. Shardul
Sheth Mr. Sitanshu Sheth
- -
Whole-time Whole-time Director
Director
1 Gross salary
(a) Salary as per

- in section 17(1) of 5,409,687
5,417,756
the Income-tax Act,
1961.
(b) Value of
- - -
Income-tax Act,
1961

- - -
17(3) Income-tax
Act, 1961
58
2 Stock Option - -
3 Sweat Equity - -
Commission
Others, please
5
specify
- Total (A) 5,409,687

5,417,756
Ceiling as per the

Act
B. Remuneration to
other directors:
Sl. Particulars of Name of Total

No. Remuneration Directors Amount
- - - - -
Independent
1
Directors
- Fee for attending

-
meetings
- - Commission - -
-
- Others, please
- - -
specify -
- Total (1) - -
-
Other Non-Executive
Directors
Mr. Noshir Dady Mr. Prashanth
2 Mr. Meenakshi Sundaram
59
? Colah Prakash
? Others, please
specify
- Fee for attending

-
meetings
- - Commission - -
-
- Others, please
- - -
specify -
- Total (2) - -
-
- Total (B)=(1+2) - -
-
Total Managerial
- - - -
Remuneration
Overall Ceiling as
- - - -
per the Act
C. REMUNERATION
TO KEY
MANAGERIAL
PERSONNEL
OTHER THAN
MD/MANAGER/WTD
Sl. Particulars of Key Managerial

no. Remuneration Personnel
Company
- CEO CFO
Secretary
1 Gross salary
(a) Salary as per

- in section 17(1) of -
374,012.00 -
the Income-tax Act,
1961
(b) Value of
60
- perquisites u/s 17(2) - -

Income-tax Act, -
1961

- - -
17(3) Income-tax -
Act, 1961
2 Stock Option - -
-
3 Sweat Equity - -
-
Commission
-
Others, please
5 - -
specify -
- Total -
374,012.00 -
PENALTIES /
PUNISHMENT/
XII.
COMPOUNDING OF
OFFENCES:
Details of
Section Appeal
Penalty
of the Authority [RD / NCLT / made, if any
Type Brief Description /Punishment/
Compa-nies Act COURT] (give
Compounding
Details)
fees imposed
A. COMPANY
Penalty Nil
Punishment
Compounding
B. DIRECTORS
61
Penalty Nil
Punishment
Compounding
C. OTHER
OFFICERS IN
DEFAULT
Penalty Nil
Punishment
Compounding
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
The Company does not fall under the required criteria of Section 135 of Companies Act, 2013 read with the Companies (Corporate Social
Responsibility Policy) Rules, 2014 so there is no requirement to constitute Corporate Social Responsibility Committee and frame a policy thereof.
62
Disclosure of financial summary or highlights [Text Block]

Financial Highlights:
The summarized financial performance of the Company for the financial year ended March 31, 2018 and March 31, 2017 is given below:
[Amount in INR Lakhs]
Particulars For the Financial Year Ended
- March 31, 2018 March 31, 2017
Revenue from Operations and other income 5,441.20 3,124.45
Total Expenditure 8,797.97 5,556.31
Profit before exceptional and extraordinary items and tax (3,356.77) (2,431.86)
Adjustments for extraordinary / exceptional items -
Profit Before Tax (3,356.77) (2,431.86)
Less: Tax Expenses:
- Current Tax - -
- Tax expenses for earlier years - -
- Deferred Tax (Credit)/charge - -
Profit After Tax (3,356.77) (2,431.86)
Surplus carried to Balance Sheet (3,356.77) (2,431.86)
Earnings per equity share (Amt. per share)
- Basic (339.35) (295.62)
- Diluted (339.35) (295.62)
During the year under review, the total Income/turnover of the Company was INR5,441.20 Lakhsagainst INR 3,124.45 Lakhsin the corresponding
previous year. The Company has incurred loss of INR3,356.77 Lakhsas compared to loss of INR2,431.86 Lakhsin the corresponding previous
year.
63
Your Board does not intend to transfer any amount to the General Reserves and other reserves of the Company during the year under review.
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
Board of Directors:
Directors:

Mr. ShardulSheth MBA 15/06/2010 271,368
Director
Director
13/01/1961
Mr. T.C.
MeenakshiSundaram
Company
Secretary
Details relating to deposits covered under chapter v of companies act [Text Block]
Details of deposits which are not in compliance with requirements of chapter v of act [Text Block]
64
Details of significant and material orders passed by regulators or courts or tribunals impacting going concern status
and company’s operations in future [Text Block]
There are no significant and material orders passed by the Regulators / Courts / Tribunals which would impact the going concern status of the
Company and its future operations.
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
The Company has an adequate Internal Financial Control System which commensurate with the size, scale and complexity of its operations in all
material respect and were operative effectively during the financial year under review and were also periodically reviewed by management and
statutory auditors.
Disclosure of appointment and remuneration of managerial personnels [Text Block]

- Board of Directors:
Directors:

Mr. ShardulSheth MBA 15/06/2010 271,368
Director
Director
13/01/1961
Mr. T.C.
MeenakshiSundaram
Company
Secretary
65
[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] 1
01/04/2017
to
31/03/2018
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Deloitte Haskins &
Name of audit firm Sells LLP
JOSHI HEMANT
Name of auditor signing report MAGANLAL
Firms registration number of audit firm 117366W/W-100018
Membership number of auditor 038019
706, 'B' Wing, 7th
Floor, ICC Trade
Address of auditors Tower, Senapati
Bapat Road, Pune -
411016
Permanent account number of auditor or auditor's firm AACFD4815A
SRN of form ADT-1 G78426343
Date of signing audit report by auditors 06/09/2018
Date of signing of balance sheet by auditors 06/09/2018
66
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]
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
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]
In respect of fixed
Disclosure in auditors report relating to fixed assets assets
The Company has
maintained proper
records showing full
Disclosure relating to quantitative details of fixed assets particulars, including
quantitative details
and situation of fixed
assets.
Disclosure relating to physical verification and material discrepancies of fixed Textual information
assets (18) [See below]
The Company does
not have any
immovable
properties of
freehold and
Disclosure relating to title deeds of immovable properties leasehold land and
building and hence
reporting under
clause (i)(c) of the
Order is not
applicable.
(ii) As explained to
us, the inventories
were physically
verified during the
year by the
Disclosure in auditors report relating to inventories Management at
reasonable intervals
and no material
discrepancies were
noticed on physical
verification.
(iii) The Company
has not granted any
loans, secured or
unsecured, to
companies, firms,
Limited Liability
Disclosure in auditors report relating to loans Partnerships or other
parties covered in
the register
maintained under
section 189 of the
Act.
(iv) The Company
has not granted any
loans, made
investments or
Disclosure in auditors report relating to compliance with Section 185 and 186 of
provided guarantees
Companies Act, 2013 and hence reporting
under clause (iv) of
the Order is not
applicable.
(v) According to the
information and
explanations given
to us, the Company
has not accepted any
Disclosure in auditors report relating to deposits accepted deposits. Therefore,
the provisions of the
clause (v) of the
Order is not
applicable.
Textual information
Disclosure in auditors report relating to maintenance of cost records (19) [See below]
67
According to the
information and
Disclosure in auditors report relating to statutory dues [TextBlock] explanations given
to us, in respect of
statutory dues
Disclosure relating to regularity in payment of undisputed statutory dues Textual information
[TextBlock] (20) [See below]
There are no dues of
Income-tax, Sales
Tax, Service Tax
Disclosure relating to disputed statutory dues [TextBlock] and Value Added
Tax as on 31st
March, 2018 on
account of disputes.
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (21) [See below]
Disclosure in auditors report relating to public offer and term loans used for Textual information
purpose for which those were raised (22) [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 (23) [See below]
(xi) The Company is
a private company
and hence the
provisions of section
Disclosure in auditors report relating to managerial remuneration 197 of the
Companies Act,
2013 do not apply to
the Company.
(xii) The Company
is not a Nidhi
Company and hence
Disclosure in auditors report relating to Nidhi Company reporting under
clause (xii) of the
Order is not
applicable.
Textual information
Disclosure in auditors report relating to transactions with related parties (24) [See below]
Disclosure in auditors report relating to preferential allotment or private Textual information
placement of shares or convertible debentures (25) [See below]
Disclosure in auditors report relating to non-cash transactions with directors Textual information
or persons connected with him (26) [See below]
(xvi) The Company
is not required to be
Disclosure in auditors report relating to registration under section 45-IA of registered under
Reserve Bank of India Act, 1934 section 45-IA of the
Reserve Bank of
India Act, 1934.

01/04/2017
to
31/03/2018
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 relating to physical verification and material discrepancies of fixed assets

The fixed assets were physically verified during the year by the Management in accordance with a regular programme of verification which, in
our opinion, provides for physical verification of all the fixed assets at reasonable intervals. According to the information and explanation given
to us, no material discrepancies were noticed on such verification.
Disclosure in auditors report relating to maintenance of cost records

(vi) Having regard to the nature of the Company’s business / activities, the maintenance of cost records has not been specified by the Central
Government under section 148(1) of the Act. Accordingly reporting under clause (vi) of the Order is not applicable.
68
Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]

(a) The Company has generally been regular in depositing undisputed statutory dues, including Provident Fund, Employees’ State Insurance,
Income-tax, Sales Tax, Service Tax, Value Added Tax, Goods and Service Tax, Cess and other material statutory dues applicable to it with the
appropriate authorities.
(b) There were no undisputed amounts payable in respect of Provident Fund, Employees’ State Insurance, Income-tax, Sales Tax, Service Tax,
Value Added Tax, Goods and Service Tax, Cess and other material statutory dues in arrears as at 31stMarch, 2018, for a period of more than six
months from the date they became payable.
Disclosure in auditors report relating to default in repayment of financial dues

(viii) In our opinion and according to the information and explanations given to us, the Company has not defaulted in the repayment of loans or
borrowings to financial institutions. The Company has not taken any loans or borrowings from banks and government or has not issued any
debentures.
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
(ix) The Company has not raised moneys by way of initial public offer or further public offer (including debt instruments) and the term loans have
been applied by the Company during the year for the purposes for which they were raised.
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
(x) To the best of our knowledge and according to the information and explanations given to us, no fraud by the Company and no material fraud
on the Company by its officers or employees has been noticed or reported during the year.
Disclosure in auditors report relating to transactions with related parties

(xiii) In our opinion and according to the information and explanations given to us the Company is in compliance with Section 177 and 188 of the
Act, where applicable, for all transactions with the related parties and the details of related party transactions have been disclosed in the financial
statements etc. as required by the applicable accounting standards.
Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
(xiv) During the year, the Company has not made any preferential allotment or private placement of shares or fully or partly convertible
debentures and hence reporting under clause (xiv) of the Order is not applicable to the Company.
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
(xv) In our opinion and according to the information and explanations given to us, during the year the Company has not entered into any non-cash
transactions with its directors or persons connected with him and hence provisions of section 192 of the Act are not applicable.
69
Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITOR’S REPORT
TO THE MEMBERSOFULINK AGRITECH PRIVATELIMITED
(FORMERLY KNOWN AS ULINK BIOENERGY PRIVATE LIMITED)
Report on theFinancial Statements

We have audited the accompanying financial statements of Ulink AgriTech Private Limited (Formerly known as Ulink BioEnergy Private
Limited) (“the Company”), which comprise the Balance Sheet as at 31 st March, 2018, the Statement of Profit and Loss andthe Cash Flow
Statement for the year then ended, and a summary of the significant accounting policies and other explanatory information.
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 Standards prescribed under section 133 of the
Act read with the Companies (Accounting Standards) Rules, 2006, as amended (“Accounting Standards”), and other accounting principles
generally accepted in India.
This responsibility also includes 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 frauds and other irregularities; selection and application of appropriate accounting
policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal
financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the
preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to
fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit.
In conducting our audit, we have taken into account the provisions of the Act, the accounting and auditing standards and matters which are
required to be included in the audit report under the provisions of the Act and the Rules made thereunder and the Order issued under section
143(11) of the Act.
We conducted our audit of the financial statements in accordance with the Standards on Auditing specified under Section 143(10) of the Act.
Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts andthedisclosures in the financial statements. 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. In making those risk assessments, the auditor considers internal financial control relevant to the Company’s
preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances.
An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by
the Company’s Directors, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence obtained by usis sufficient and appropriate to provide a basis for our audit opinion on the financial statements.
Opinion
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 Act in the manner so required and give a true and fair view in conformity with the Accounting Standards and other
accounting principles generally accepted in India, of the state of affairs of the Company as at 31 st March, 2018, and its loss and its cash flows for
the year ended on that date.
Report on Other Legal and Regulatory Requirements
1. As required by Section 143 (3) of the Act, based on our audit, 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 Cash Flow Statement dealt with by this Report are in agreement with the books of
account.
d) In our opinion, the aforesaid financial statements comply with the Accounting Standards prescribed under section 133 of the Act.
70
e) On the basis of the written representations received from the directors of the Company as on 31 st March,
2018taken on record by the Board of Directors, none of the directors is disqualified as on 31 st March, 2018 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 A”. Our report expresses an unmodified opinion on the adequacy and operating effectiveness
of the Company’s internal financial controls over financial reporting.
g) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014, as amended,in our opinion and to the best of our information and according to the explanations given to us:
i. The Company does not have any pending litigations which would impact its financial position.
ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.
2. As required by the Companies (Auditor’s Report) Order, 2016 (“the Order”) issued by the Central Government in terms of Section 143(11) of
the Act, we give in “Annexure B” a statement on the matters specified in paragraphs 3 and 4 of the Order.
For Deloitte Haskins & Sells LLP

Chartered Accountants
(Firm’s Registration No. 117366W/W-100018)
Hemant M. Joshi
Partner
(Membership No. 38019)
Place: Pune
Date: 6th September, 2018
ANNEXURE “A” TO THE INDEPENDENT AUDITOR’S REPORT

(Referred to in paragraph 1(f) under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date)
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 ULink AgriTech Private Limited (Formerly known as Ulink BioEnergy
Private Limited) (“the Company”) as of 31 st March, 2018 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 Controls 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 tocompany’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 Act.
Auditor’s Responsibility
Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting of the Company 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”) issued by the Institute of Chartered Accountants of India and the Standards on Auditing prescribed under Section 143(10) of
the Act, to the extent applicable to an audit of internal financial controls. 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 was established and maintained and if such controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls 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, and testing and evaluating the design and
operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s judgement, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s
internal financial controls system over financial reporting.
71
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 that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorisations of
management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised
acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.
Inherent Limitations of Internal Financial Controls 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 31 st March, 2018, based on the criteria for internal financial control over financial reportingestablished 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.

Hemant M. Joshi
Partner
Place: Pune
ANNEXURE “B” TO THE INDEPENDENT AUDITORS’ REPORT

(Referred to in paragraph 2 under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date)
(i) In respect of fixed assets:
(a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets.
(b) The fixed assets were physically verified during the year by the Management in accordance with a regular programme of verification which,
in our opinion, provides for physical verification of all the fixed assets at reasonable intervals. According to the information and explanation
given to us, no material discrepancies were noticed on such verification.
(c) The Company does not have any immovable properties of freehold and leasehold land and building and hence reporting under clause (i)(c) of
the Order is not applicable.
(ii) As explained to us, the inventories were physically verified during the year by the Management at reasonable intervals and no material
discrepancies were noticed on physical verification.
(iii) The Company has not granted any loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or other parties covered in
the register maintained under section 189 of the Act.
(iv) The Company has not granted any loans, made investments or provided guarantees and hence reporting under clause (iv) of the Order is not
applicable.
(v) According to the information and explanations given to us, the Company has not accepted any deposits. Therefore, the provisions of the clause
(v) of the Order is not applicable.
(vi) Having regard to the nature of the Company’s business / activities, the maintenance of cost records has not been specified by the Central
Government under section 148(1) of the Act. Accordingly reporting under clause (vi) of the Order is not applicable.
72
(vii) According to the information and explanations given to us, in respect of statutory dues:
(a) The Company has generally been regular in depositing undisputed statutory dues, including Provident Fund, Employees’ State Insurance,
Income-tax, Sales Tax, Service Tax, Value Added Tax, Goods and Service Tax, Cess and other material statutory dues applicable to it with the
appropriate authorities.
(b) There were no undisputed amounts payable in respect of Provident Fund, Employees’ State Insurance, Income-tax, Sales Tax, Service Tax,
Value Added Tax, Goods and Service Tax, Cess and other material statutory dues in arrears as at 31stMarch, 2018, for a period of more than six
months from the date they became payable.
(c) There are no dues of Income-tax, Sales Tax, Service Tax and Value Added Tax as on 31stMarch, 2018on account of disputes.
(viii) In our opinion and according to the information and explanations given to us, the Company has not defaulted in the repayment of loans or
borrowings to financial institutions. The Company has not taken any loans or borrowings from banks and government or has not issued any
debentures.
(ix) The Company has not raised moneys by way of initial public offer or further public offer (including debt instruments) and the term loans have
been applied by the Company during the year for the purposes for which they were raised.
(x) To the best of our knowledge and according to the information and explanations given to us, no fraud by the Company and no material fraud
on the Company by its officers or employees has been noticed or reported during the year.
(xi) The Company is a private company and hence the provisions of section 197 of the Companies Act, 2013 do not apply to the Company.
(xii) The Company is not a Nidhi Company and hence reporting under clause (xii) of the Order is not applicable.
(xiii) In our opinion and according to the information and explanations given to us the Company is in compliance with Section 177 and 188 of the
Act, where applicable, for all transactions with the related parties and the details of related party transactions have been disclosed in the financial
statements etc. as required by the applicable accounting standards.
(xiv) During the year, the Company has not made any preferential allotment or private placement of shares or fully or partly convertible
debentures and hence reporting under clause (xiv) of the Order is not applicable to the Company.
(xv) In our opinion and according to the information and explanations given to us, during the year the Company has not entered into any non-cash
transactions with its directors or persons connected with him and hence provisions of section 192 of the Act are not applicable.
(xvi) The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934.

Hemant M. Joshi
Partner
Place: Pune
[400500] Disclosures - Secretarial audit report

01/04/2017
to
31/03/2018
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
73
[100100] Balance sheet

31/03/2018 31/03/2017 31/03/2016
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 602.92 602.92
Reserves and surplus 2,463.77 5,760.74
Total shareholders' funds 3,066.69 6,363.66
Share application money pending allotment 0 0
Minority interest 0 0
Non-current liabilities [Abstract]
Long-term borrowings 879.31 0
Other long-term liabilities 46.78 34.2
Long-term provisions 57.67 35.4
Total non-current liabilities 983.76 69.6
Current liabilities [Abstract]
Short-term borrowings 0 0
Trade payables (A) 706.74 (B) 420.3

Other current liabilities 665.95 44.65
Short-term provisions 0 0
Total current liabilities 1,372.69 464.95
Total equity and liabilities 5,423.14 6,898.21
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 87.66 85.96 88.01
Intangible assets 21.6 11.98 9.6
Intangible assets under development or work-in-progress 47.99 0
Total fixed assets 157.25 97.94
Non-current investments 0 0
Long-term loans and advances 95.97 87.97
Other non-current assets 14.18 32.37
Total non-current assets 267.4 218.28
Current assets [Abstract]
Current investments 1,609.59 4,960.89
Inventories 8.92 10.32
Trade receivables 768.22 427.7
Cash and bank balances 347.24 175.75
Short-term loans and advances 733.12 358.54
Other current assets 1,688.65 746.73
Total current assets 5,155.74 6,679.93
Total assets 5,423.14 6,898.21
Footnotes
(A) Trade payables: - Total outstanding dues of micro enterprises and small enterprises - INR. 0.10 & Total outstanding dues of creditors
other than micro enterprises & small enterprises - INR. 706.64
(B) Trade payables: - Total outstanding dues of micro enterprises and small enterprises - INR. 0.00 & Total outstanding dues of creditors
other than micro enterprises & small enterprises - INR. 420.30
74
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] 1 2
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
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]
SHARDUL SITANSHU
First name of director RAJENDRA RAJENDRA
SHETH SHETH
Designation of director Whole-time Director Whole-time Director
Director identification number of director 03107336 02334074
Date of signing of financial statements by director 06/09/2018 06/09/2018

01/04/2017
to
31/03/2018
Name of company secretary ABHIJIT MHETRE
Permanent account number of company secretary ANZPM2609R
Date of signing of financial statements by company secretary 06/09/2018
75
[100400] Cash flow statement, indirect

01/04/2017 01/04/2016
to to 31/03/2016
31/03/2018 31/03/2017
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 -3,356.77 -2,431.86
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 113.6 9.67
Adjustments for depreciation and amortisation expense 79.88 59.73
Other adjustments for which cash effects are investing or
financing cash flow (A) -204.01 (B) -94.85
Other adjustments for non-cash items (C) 59.8 (D) 12.45

Total adjustments to profit (loss) 49.27 -13
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories 1.41 70.43
Adjustments for decrease (increase) in trade receivables -340.52 -319.92
Adjustments for decrease (increase) in other current assets (E) -382.59 (F) -144.34
Adjustments for increase (decrease) in trade payables 286.44 321.41
Adjustments for increase (decrease) in other current liabilities (G) 6.37 (H) -49.35
Adjustments for provisions (I) 22.27 (J) 18.63
Total adjustments for working capital -406.62 -103.14
Total adjustments for reconcile profit (loss) -357.35 -116.14
Net cash flows from (used in) operations -3,714.12 -2,548
Net cash flows from (used in) operating activities before extraordinary
-3,714.12 -2,548
items
Net cash flows from (used in) operating activities -3,714.12 -2,548
Cash flows from used in investing activities [Abstract]
Proceeds from sales of tangible assets 0
(K) 2.01
Purchase of tangible assets (L) 148.99 (M) 49.45
Interest received 85.35 121.11
Other inflows (outflows) of cash (N) 2,546.22 (O) -4,917.61

Net cash flows from (used in) investing activities before extraordinary
2,482.58 -4,843.94
items
Net cash flows from (used in) investing activities 2,482.58 -4,843.94
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares 0
(P) 1.2
Proceeds from issuing other equity instruments 0
(Q) 7,087.8
Proceeds from borrowings 1,500 0
Interest paid 96.97 9.67
Net cash flows from (used in) financing activities before extraordinary
1,403.03 7,079.33
items
Net cash flows from (used in) financing activities 1,403.03 7,079.33
Net increase (decrease) in cash and cash equivalents before effect of
171.49 -312.61
exchange rate changes
Net increase (decrease) in cash and cash equivalents 171.49 -312.61
Cash and cash equivalents cash flow statement at end of period 347.24 175.75 488.36
76
Footnotes
(A) Interest income - INR. -71.66 & Net gain on sale of mutual funds - INR. -132.35
(B) Interest income - INR. -87.33 & Net gain on sale of mutual funds - INR. -7.52
(C) Employee stock option scheme - INR 59.80
(D) Employee stock option scheme - INR 11.89, Provision for doubtful debts - INR 5.36, Loss /(Gain) on write off of fixed assets - INR
-0.72 & Provisions no longer required and credit balances written back - INR -4.08
(E) (Increase) in short term loans and advances - INR -374.58, (Increase) in other current assets - INR 0.00 & (Increase) in long term
loans & advances - INR -8.01
(F) (Increase) in short term loans and advances - INR -319.10, (Increase) in other current assets - INR 199.94 & (Increase) in long term
loans & advances - INR -25.18
(G) Increase (Decrease) in long term liabilities - INR 12.58 & Increase (Decrease) in other current liabilities - INR -6.21
(H) Increase (Decrease) in long term liabilities - INR 32.34 & Increase (Decrease) in other current liabilities - INR -81.69
(I) Increase (Decrease) in long term provisions
(J) Increase (Decrease) in long term provisions
(K) Proceeds from Sale of Fixed Assets
(L) Purchase of fixed assets, including movemet in CWIP and capital advances
(M) Purchase of fixed assets, including movemet in CWIP and capital advances
(N) Purchase of mutual funds - INR -9282.00, Redemption of mutual funds - INR 12765.65 & Fixed Deposit held for more than three
months (not treated as cash & cash equivalent) : - Fixed deposits Placed - INR -1634.00 & - Fixed deposits Matured - INR 696.57
(O) Purchase of mutual funds - INR -9678.00, Redemption of mutual funds - INR 4724.63 & Fixed Deposit held for more than three
months (not treated as cash & cash equivalent) : - Fixed deposits Placed - INR 0.00 & - Fixed deposits Matured - INR 35.76
(P) Proceeds from issuance of equity share capital
(Q) Proceeds from issuance of equity share capital
[200100] Notes - Share capital
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]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
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
Name of shareholder Company Ltd. Company Ltd.
Shardul Sheth Shardul Sheth
PAN of shareholder AAOPS1934M AAOPS1934M

Country of incorporation or residence of
MAURITIUS MAURITIUS INDIA INDIA
shareholder
Number of shares held in company [shares] 4,30,262 [shares] 4,30,262 [shares] 2,71,368 [shares] 2,71,368
Percentage of shareholding in company 43.50% 43.50% 27.43% 27.43%
77
Classes of share capital [Axis] Equity shares 1 [Member] Preference shares 1 [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
company [Abstract]
Series 'A' Series 'A'
Compulsorily Compulsorily
Convertible Convertible
Type of share Equity Shares Equity Shares
preference (CCPS) preference (CCPS)
shares of Rs. 1000 shares of Rs. 1000
each each
Name of shareholder Sitanshu Sheth Sitanshu Sheth
Company Ltd. Company Ltd.
PAN of shareholder AMDPS0103K AMDPS0103K
INDIA INDIA MAURITIUS MAURITIUS
shareholder
Number of shares held in company [shares] 2,71,368 [shares] 2,71,368 [shares] 0 [shares] 0
Classes of share capital [Axis] Preference shares 2 [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
company [Abstract]
Series 'B' Series 'B'
Series 'B' Series 'B'
Type of share preference (CCPS)
Convertible
preference (CCPS)
Convertible
shares of Rs. 50 each shares of Rs. 50 each
each each
Aavishkaar India II Aavishkaar India II IDG Ventures India IDG Ventures India
Name of shareholder Company Ltd. Company Ltd. Fund II LLC Fund II LLC
MAURITIUS MAURITIUS MAURITIUS MAURITIUS
shareholder
Number of shares held in company [shares] 0 [shares] 0 [shares] 2,16,650 [shares] 2,16,650
78
Classes of share capital [Axis] Preference shares 2 [Member] Preference shares 3 [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
company [Abstract]
Series 'B'
Series ' B ' Compulsorily
Compulsorily Convertible Bridge
Convertible Convertible Bridge
Convertible preference (CCPS)
preference (CCPS)
preference (CCPS) shares of Rs. 50
shares of Rs. 50 shares of Rs. 50 each
shares of Rs. 50 each each
each
IL&FS Trust IL&FS Trust
Company Limited Company Limited
Name of shareholder (Acting as the (Acting as the Trustee
Trustee of Pandara of Pandara Trust
Trust Scheme I) Scheme I)
PAN of shareholder AAACI6832K AAACI6832K
INDIA INDIA MAURITIUS MAURITIUS
shareholder
Number of shares held in company [shares] 54,087 [shares] 54,087 [shares] 2,49,225 [shares] 2,49,225
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
company [Abstract]
Convertible Bridge Convertible Bridge
Convertible Bridge Convertible Bridge
preference (CCPS)
preference (CCPS)
preference (CCPS)
each each
IDG Ventures India IDG Ventures India
Name of shareholder Fund II LLC Fund II LLC
(Acting as the (Acting as the Trustee
shareholder
Number of shares held in company [shares] 68,199 [shares] 68,199 [shares] 12,035 [shares] 12,035
79
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
company [Abstract]
Series 'C' Series 'C'
Series 'C' Series 'C'
Convertible
preference (CCPS)
Convertible
each each
IDG Ventures India IDG Ventures India
Name of shareholder Fund II LLC Fund II LLC
(Acting as the (Acting as the Trustee
shareholder
Number of shares held in company [shares] 52,776 [shares] 52,776 [shares] 9,313 [shares] 9,313
Name of shareholder [Axis] Shareholder 3 [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [LineItems]
Series 'C'
Series 'C'
Compulsorily
Compulsorily
Convertible
Convertible
preference (CCPS)
shares of Rs. 50
shares of Rs. 50 each
each
Accel India V Accel India V
Name of shareholder (Mauritius) Ltd (Mauritius) Ltd
Country of incorporation or residence of shareholder MAURITIUS MAURITIUS
Number of shares held in company [shares] 3,44,216 [shares] 3,44,216
Percentage of shareholding in company 34.15% 34.15%
80
Disclosure of classes of share capital [Table] ..(1)

Equity shares
Classes of share capital [Axis] Share capital [Member]
[Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 31,66,322 [shares] 31,66,322 [shares] 20,30,000
Value of shares authorised 1,151.16 1,151.16 203
Number of shares issued [shares] 19,97,189 [shares] 19,97,189 [shares] 9,89,184
Value of shares issued 602.92 602.92 98.92
Number of shares subscribed and fully paid [shares] 19,97,189 [shares] 19,97,189 [shares] 9,89,184
Value of shares subscribed and fully paid 602.92 602.92 98.92
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] 19,97,189 [shares] 19,97,189 [shares] 9,89,184
Total value of shares subscribed 602.92 602.92 98.92
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 19,97,189 [shares] 19,97,189 [shares] 9,89,184
Value of shares called 602.92 602.92 98.92
Value of shares paid-up 602.92 602.92 98.92
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued in other private
[shares] 0 [shares] 7,37,368 [shares] 0
placement
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
[shares] 0 [shares] 0 [shares] 0
amalgamation
Number of other issues of shares [shares] 0 [shares] 1,70,187 [shares] 0
Total aggregate number of shares issued
during period
Decrease in number of shares during period
[Abstract]
Other decrease in number of shares [shares] 0 [shares] 1,28,317
Total decrease in number of shares during
[shares] 0 [shares] 1,28,317
period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 19,97,189 [shares] 19,97,189 [shares] 12,17,951 [shares] 9,89,184
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
Amount of bonus issue during period 0 0 0
Amount of other private placement issue
0 368.64 0
during period
Amount of issue allotted for
contracts without payment 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0
amalgamation during period
Amount of other issues during period 0 17.02 0
Total aggregate amount of increase in
0 385.66 0
share capital during period
81
Decrease in share capital during period

[Abstract]
Other decrease in amount of shares 0 444.16
Total decrease in share capital during
0 444.16
period
Total increase (decrease) in share capital 0 -58.5 0
Share capital at end of period 602.92 602.92 98.92
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]
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
82

Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Type of share Equity Shares Equity Shares
Value of shares authorised 203 203 203
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
[Abstract]
[Abstract]
[Abstract]
placement
in cash
amalgamation
Number of other issues of shares [shares] 1,70,187 [shares] 0 (A) [shares] 1,70,187
[shares] 1,70,287 [shares] 0 [shares] 1,70,287
during period
[shares] 1,70,287 [shares] 0 [shares] 1,70,287
shares outstanding
[Abstract]
[Abstract]
0.01 0 0.01
during period
0 0 0
Amount of other issues during period 17.02 0 (B) 17.02
17.03 0 17.03
Total increase (decrease) in share capital 17.03 0 17.03
Share capital at end of period 98.92 81.89 98.92 98.92
83

Footnotes
(A) Conversion of Series A CCPS & Series B CCPS
(B) Conversion of Series A CCPS & Series B CCPS
84

Equity shares 1
Classes of share capital [Axis] Preference shares [Member]
[Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Number of shares authorised [shares] 11,36,322 [shares] 11,36,322
Value of shares authorised 948.16 948.16
Number of shares issued [shares] 10,08,005 [shares] 10,08,005
Value of shares issued 504 504
Number of shares subscribed and fully paid [shares] 10,08,005 [shares] 10,08,005
Value of shares subscribed and fully paid 504 504
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
Total number of shares subscribed [shares] 10,08,005 [shares] 10,08,005
Total value of shares subscribed 504 504
Number of shares paid-up [shares] 10,08,005 [shares] 10,08,005
Value of shares called 504 504
Value of shares paid-up 504 504
[Abstract]
[Abstract]
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0
placement
contracts without payment received [shares] 0 [shares] 0
in cash
[shares] 0 [shares] 0
amalgamation
Number of other issues of shares [shares] 0 [shares] 0
during period
[Abstract]
Other decrease in number of shares [shares] 0 [shares] 1,28,317
period
shares outstanding
[Abstract]
[Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
0 368.63
during period
contracts without payment 0 0
0 0
Amount of other issues during period 0 0
0 368.63
85

[Abstract]
Other decrease in amount of shares 0 444.16
0 444.16
period
Total increase (decrease) in share capital 0 -75.53
Share capital at end of period 81.89 504 504 579.53
allotment of securities and due for refund 0 0
86

Preference shares
2 [Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Series 'B'
Series 'A' Compulsorily Series 'A' Compulsorily Compulsorily
Convertible preference Convertible preference Convertible
Type of share (CCPS) shares of Rs. 1000 (CCPS) shares of Rs. 1000 preference (CCPS)
each each shares of Rs. 50
each
Number of shares authorised [shares] 40,000 [shares] 40,000 [shares] 3,59,054
Value of shares authorised 400 400 179.53
Number of shares issued [shares] 0 [shares] 0 [shares] 2,70,737
Value of shares issued 0 0 135.37
Number of shares subscribed and fully paid [shares] 0 [shares] 0 [shares] 2,70,737
Value of shares subscribed and fully paid 0 0 135.37
Total number of shares subscribed [shares] 0 [shares] 0 [shares] 2,70,737
Total value of shares subscribed 0 0 135.37
Number of shares paid-up [shares] 0 [shares] 0 [shares] 2,70,737
Value of shares called 0 0 135.37
Value of shares paid-up 0 0 135.37
Par value per share [INR/shares] 1,000 [INR/shares] 1,000 [INR/shares] 50
[INR/shares] 0 [INR/shares] 0 [INR/shares] 0
called
[Abstract]
[Abstract]
[Abstract]
in cash
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
[Abstract]
Other decrease in number of shares [shares] 0 (A) [shares] 40,000 [shares] 0
[shares] 0 [shares] 40,000 [shares] 0
period
[shares] 0 [shares] -40,000 [shares] 0
shares outstanding
[shares]
Number of shares outstanding at end of period [shares] 0 [shares] 0
40,000
[shares] 2,70,737

[Abstract]
[Abstract]
0 0 0
Amount of other issues during period 0 0 0
87

[Abstract]
Other decrease in amount of shares 0 (B) 400 0
0 400 0
period
Total increase (decrease) in share capital 0 -400 0
Share capital at end of period 0 0 400 135.37
Footnotes
(A) Converted into Equity shares as per terms & Conditions
(B) Converted into Equity shares as per terms & Conditions
88

Classes of share capital [Axis] Preference shares 2 [Member] Preference shares 3 [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Compulsorily
Compulsorily
Series 'B' Compulsorily Convertible Bridge
Convertible Bridge
Type of share Convertible preference (CCPS) preference (CCPS)
preference (CCPS)
shares of Rs. 50 each shares of Rs. 50
shares of Rs. 50 each
each
Value of shares authorised 179.53 165.48 165.48
Par value per share [INR/shares] 50 [INR/shares] 50 [INR/shares] 50
[INR/shares] 0 [INR/shares] 0 [INR/shares] 0
called
[Abstract]
[Abstract]
[Abstract]
placement
in cash
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
during period
[Abstract]
Other decrease in number of shares (A) [shares] 88,317
[shares] 88,317
period
[shares] -88,317 [shares] 0 [shares] 3,30,963
shares outstanding
[shares]
Number of shares outstanding at end of period [shares] 2,70,737
3,59,054
[shares] 3,30,963 [shares] 3,30,963

[Abstract]
[Abstract]
0 165.48
during period
89

0 0 0
Amount of other issues during period 0 0 0
0 165.48
[Abstract]
Other decrease in amount of shares (B) 44.16
44.16
period
Total increase (decrease) in share capital -44.16 0 165.48
Share capital at end of period 135.37 179.53 165.48 165.48
Footnotes
(A) Converted into Equity shares as per terms & Conditions
(B) Converted into Equity shares as per terms & Conditions
90

Preference shares
3 [Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Series 'C' Compulsorily Series 'C' Compulsorily
Convertible preference Convertible preference
Type of share (CCPS) shares of Rs. 50 (CCPS) shares of Rs. 50
each each
Number of shares authorised [shares] 4,06,305 [shares] 4,06,305
Value of shares authorised 203.15 203.15
Number of shares issued [shares] 4,06,305 [shares] 4,06,305
Value of shares issued 203.15 203.15
Number of shares subscribed and fully paid [shares] 4,06,305 [shares] 4,06,305
Value of shares subscribed and fully paid 203.15 203.15
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
Total number of shares subscribed [shares] 4,06,305 [shares] 4,06,305
Total value of shares subscribed 203.15 203.15
Number of shares paid-up [shares] 4,06,305 [shares] 4,06,305
Value of shares called 203.15 203.15
Value of shares paid-up 203.15 203.15
Par value per share [INR/shares] 50 [INR/shares] 50
called
[Abstract]
[Abstract]
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0
placement
contracts without payment received [shares] 0 [shares] 0
in cash
[shares] 0 [shares] 0
amalgamation
Number of other issues of shares [shares] 0 [shares] 0
during period
shares outstanding
Number of shares outstanding at end of period [shares] 0 [shares] 4,06,305 [shares] 4,06,305 [shares] 0
[Abstract]
[Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
0 203.15
during period
contracts without payment 0 0
0 0
Amount of other issues during period 0 0
91

0 203.15
Total increase (decrease) in share capital 0 203.15
Share capital at end of period 0 203.15 203.15 0
allotment of securities and due for refund 0 0

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Textual information (28) Textual information (29)
Disclosure of notes on share capital explanatory [TextBlock] [See below] [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 0 0
Number of persons on private placement of preference share 0 0
Whether money raised from public offering during year No No
Amount raised from public offering during year 0 0
Amount utilised towards specified purposes for public offering 0 0
Amount remaining unutilised received in respect of public offering 0 0
92
Disclosure of notes on share capital explanatory [Text Block]
3 Share capital
As at As at
Particulars March March
31, 2018 31, 2017
Authorised
2,030,000 (previous year 2,030,000) equity shares of Rs. 10 each 203.00 203.00
40,000 (previous year 40,000) Series 'A' Compulsorily Convertible preference

400.00 400.00
shares (CCPS) of Rs. 1000 each
359,054 (previous year 359,054) Series 'B' Compulsorily Convertible preference

179.53 179.53
330,963 (previous year 330,963) Compulsorily Convertible Bridge preference

165.48 165.48
406,305 (previous year 406,305) Series 'C' Compulsorily Convertible preference

203.15 203.15
1,151.16 1,151.16
Issued, subscribed and paid up
989,184 (previous year 989,184) equity shares of Rs. 10 each fully paid 98.92 98.92
270,737 (previous year 270,737) Series 'B' Compulsorily Convertible preference

135.37 135.37
330,963 (previous year 330,963) Compulsorily Convertible Bridge preference

165.48 165.48
93
406,305 (previous year 406,305) Series 'C' Compulsorily Convertible preference

203.15 203.15
Total 602.92 602.92
(a) Reconciliation of shares outstanding at the beginning and at the end of the year
As at
As at
March
For Equity Shares March
31,
31, 2017
2018
Number Number
Particulars of Amount of Amount
shares shares
Outstanding at the beginning of the year 989,184 98.92 818,897 81.89
Add: Issued during the year - - 170,287 17.03
Outstanding at the end of the year 989,184 98.92 989,184 98.92
As at
As at
March
For Series 'A' Preference Shares (Face Value Rs. 1000) March
31,
31, 2017
2018
Number Number
shares shares
Outstanding at the beginning of the year - - 40,000 400.00 #
Add: Issued during the year - - - -
94
Less: Converted to Equity - - 40,000 400.00 #
Outstanding at the end of the year - - - -
As at
As at
March
For Series 'B' Preference Shares (Face Value Rs. 50) March
31,
31, 2017
2018
Number Number
shares shares
Outstanding at the beginning of the year 270,737 135.37 359,054 179.53 #
Add: Issued during the year - - - -
Less: Converted to Equity - - 88,317 44.16 #
As at
As at
March
For Bridge Preference Shares (Face Value Rs. 50) March
31,
31, 2017
2018
Number Number
shares shares
Outstanding at the beginning of the year 330,963 165.48 - -
Less: Converted to Equity - - - -
95
As at
As at
March
For Series 'C' Preference Shares (Face Value Rs. 50) March
31,
31, 2017
2018
Number Number
shares shares
Outstanding at the beginning of the year 406,305 203.15 - -
Less: Converted to Equity - -
(b) Rights, preferences and restrictions attached to shares
The Company has only one class of equity shares having par value of Rs. 10 per
share. Each shareholder is entitled to one vote per share held.
In the event of liquidation of the company, the holders of equity shares will be
entitled to receive remaining assets of the company, after distribution of all
preferential amounts. The distribution will be in proportion to the number of equity
shares held by the shareholders.
Details of shares held by shareholders holding more than 5% of the aggregate

(c)
shares in the Company
As at
As at
March
Name of the shareholder March
31,
31, 2017
2018
Number % of Number % of
Particulars of holding of holding
96
shares in class shares in class
Equity
Aavishkaar India II Company Ltd. 430,262 43.50% 430,262 43.50%
Shardul Sheth 271,368 27.43% 271,368 27.43%
Sitanshu Sheth 271,368 27.43% 271,368 27.43%
Preference (FV Rs. 50)
IDG Ventures India Fund II LLC 337,625 33.49% 337,625 33.49%
IL&FS Trust Company Limited (Acting as the Trustee of Pandara Trust Scheme I) 75,435 7.48% 75,435 7.48%
Accel India V (Mauritius) Ltd 344,216 34.15% 344,216 34.15%
As per the records of the Company, including its register of

shareholders/members and other declarations received from shareholders
regarding beneficial interest, the above shareholding represents both legal and
beneficial ownerships of shares.
(d) Terms of Compulsorily Convertible preference shares [CCPS]
Series B CCPS
- The CCPS Series B shall rank senior to all Equity Shares of the Company in all
respects including in relation to voting rights, dividends, liquidation and other
distributions, same as may be specified in the Agreement.
- Each financial year, each holder of the CCPS Series B shall be entitled to a
preferential dividend equal to 0.1% per annum of the par value of such CCPS. In
any
given financial year, the Company may not declare any dividend or other
distribution to its holders of Equity Shares unless it has first declared the
preferential dividend for such financial year to the holders of the CCPS Series B.
If in any given financial year, the Company has not declared the preferential
dividend,holders of the CCPS Series B shall (notwithstanding that the CCPS may
have been redeemed or converted) not have the right to receive the preferential
dividend for such given financial year in the following financial year.
97
- Conversion - The coversion of CCPS Series B to equity shares will be done in

accordance to Subscription Agreement dated 21st May 2015.
Bridge Preference CCPS
- The Bridge Preference CCPS shall rank senior to all Equity Shares of the
Company in all respects including in relation to voting rights, dividends,
liquidation and other distributions, same as may be specified in the Agreement.
- Each financial year, each holder of the Bridge Preference CCPS shall be
entitled to a preferential dividend equal to 0.1% per annum of the par value of
such CCPS. In any given financial year, the Company may not declare any
dividend or other distribution to its holders of Equity Shares unless it has first
declared the preferential dividend for such financial year to the holders of the
Bridge Preference CCPS. If in any given financial year, the Company has not
declared the preferential dividend, holders of the Bridge Preference CCPS shall
(notwithstanding that the CCPS may have been redeemed or converted) not
have the right to receive the preferential dividend for such given financial year in
the following financial year.
- Conversion - The coversion of Bridge Preference CCPS to equity shares will be

done in accordance to Subscription Agreement dated 16th Sep 2016.
Series C CCPS
- The CCPS Series C shall rank senior to all Equity Shares of the Company in all
respects including in relation to voting rights, dividends, liquidation and other
distributions, same as may be specified in the Agreement.
- Each financial year, each holder of the CCPS Series C shall be entitled to a
preferential dividend equal to 0.1% per annum of the par value of such CCPS. In
any given financial year, the Company may not declare any dividend or other
distribution to its holders of Equity Shares unless it has first declared the
preferential dividend for such financial year to the holders of the CCPS Series C.
If in any given financial year, the Company has not declared the preferential
dividend,holders of the CCPS Series C shall (notwithstanding that the CCPS may
have been redeemed or converted) not have the right to receive the preferential
dividend for such given financial year in the following financial year.
- Conversion - The coversion of CCPS Series C to equity shares will be done in

accordance to Subscription Agreement dated 02nd Feb 2017.
98
Disclosure of notes on share capital explanatory [Text Block]
3 Share capital 31-03-17 31-03-16
() ()
Authorised
20,30,000 (previous year 10,00,000) equity shares of Rs. 10 each 20,300,000 10,000,000
40,000 (previous year 40,000) Series 'A' Compulsorily Convertible

40,000,000 40,000,000
preference (CCPS) shares of Rs. 50 each
3,59,054 (previous year 3,60,000) Series 'B' Compulsorily Convertible

17,952,700 18,000,000
3,30,963 (previous year Nil) Compulsorily Convertible Bridge

16,548,150
4,06,305 (previous year Nil) Series 'C' Compulsorily Convertible

20,315,250
115,116,100 68,000,000
Issued, subscribed and paid up
9,89,184 (previous year 8,18,897) equity shares of Rs. 10 each fully

9,891,840 8,188,970
paid
Nil (previous year 40,000) Series 'A' Compulsorily Convertible

- 40,000,000
2,70,737 (previous year 3,59,054) Series 'B' Compulsorily Convertible

13,536,850 17,952,700
3,30,963 (previous year Nil) Compulsorily Convertible Bridge

16,548,150 -
4,06,305 (previous year Nil) Series 'C' Compulsorily Convertible

20,315,250 -
99
Total 60,292,090 66,141,670
Reconciliation of shares outstanding at the beginning and at the end of

(a)
the year
For Equity Shares 31-03-17 31-03-16
Number
Number of
of Amount Amount
shares
shares
() ()
Outstanding at the beginning of the year 818,897 8,188,970 818,697 8,186,970
Add: Issued during the year 170,287 1,702,870 200 2,000
Outstanding at the end of the year 989,184 9,891,840 818,897 8,188,970
For Series 'A' Preference Shares (Face Value Rs. 1000) 31-03-17 31-03-16
Number
Number of
of Amount Amount
shares
shares
() ()
Outstanding at the beginning of the year 40,000 40,000,000 - -
Add: Issued during the year 40,000 40,000,000
Less: Converted to Equity 40,000 40,000,000
Outstanding at the end of the year - - 40,000 40,000,000
100
For Series 'B' Preference Shares (Face Value Rs. 50) 31-03-17 31-03-16
Number
Number of
of Amount Amount
shares
shares
() ()
Outstanding at the beginning of the year 359,054 17,952,700 - -
Add: Issued during the year - - 359,054 17,952,700
Less: Converted to Equity 88,317 4,415,850
Outstanding at the end of the year 270,737 13,536,850 359,054 17,952,700
For Bridge Preference Shares (Face Value Rs. 50) 31-03-17 31-03-16
Number
Number of
of Amount Amount
shares
shares
() ()
Outstanding at the beginning of the year - - - -
Add: Issued during the year 330,963 16,548,150 - -
Outstanding at the end of the year 330,963 16,548,150 - -
For Series 'C' Preference Shares (Face Value Rs. 50) 31-03-17 31-03-16
Number
Number of
of Amount Amount
shares
shares
101
() ()
Outstanding at the beginning of the year - - - -
Add: Issued during the year 406,305 20,315,250 - -
Outstanding at the end of the year 406,305 20,315,250 - -
(b) Rights, preferences and restrictions attached to shares
The Company has only one class of equity shares having par value of
Rs. 10 per share. Each shareholder is entitled to one vote per share
held.
In the event of liquidation of the company, the holders of equity shares

will be entitled to receive remaining assets of the company, after
distribution of all preferential amounts. The distribution will be in
proportion to the number of equity shares held by the shareholders.
Details of shares held by shareholders holding more than 5% of the

(c)
aggregate shares in the Company
Name of the shareholder 31-03-17 31-03-16
Number % of % of
Number of
of holding in holding in
shares
shares class class
Equity
Shardul Sheth 271,368 27.43% 271,368 33.14%
Sitanshu Sheth 271,368 27.43% 271,368 33.14%
102
Aavishkaar India II Company Ltd. - - 39,800 99.50%
IDG Ventures India Fund II LLC 337,625 33.49% 216,650 60.34%
IL&FS Trust Company Limited (Acting as the Trustee of Pandara Trust

75,435 7.48% 54,087 15.06%
Scheme I)
Accel India V (Mauritius) Ltd 344,216 34.15% -
As per the records of the Company, including its register of

shareholders/members and other declarations received from
shareholders regarding beneficial interest, the above shareholding
represents both legal and beneficial ownerships of shares.
(d) Terms of Compulsorily Convertible preference shares
Series B CCPS
- The CCPS Series B shall rank senior to all Equity Shares of the
Company in all respects including in relation to interest, dividends,
liquidation and other distributions, save as may be specified in the
Agreement.
- Each Financial Year, each holder of the CCPS Series B shall be

entitled to a preferential dividend equal to 0.1% per annum of the par
value of such CCPS. In any
given Financial Year, the Company may not declare any dividend or
other distribution to its holders of Equity Shares unless it has first
declared the preferential dividend for such Financial Year to the
holders of the CCPS Series B. If in any given Financial Year, the
Company has not declared the preferential dividend,holders of the
CCPS Series B shall (notwithstanding that the CCPS may have been
redeemed or converted) not have the right to receive the preferential
dividend for such given Financial Year in the following Financial Year.
- Conversion - The coversion of CCPS Series B to equity shares will be

done in accordance to Subscription Agreement dated 21st May 2015.
103
Bridge Preference CCPS
- The Bridge Preference CCPS shall rank senior to all Equity Shares of
the Company in all respects including in relation to interest, dividends,
Agreement.
- Each Financial Year, each holder of the Bridge Preference CCPS

shall be entitled to a preferential dividend equal to 0.1% per annum of
the par value of such CCPS. In any given Financial Year, the Company
may not declare any dividend or other distribution to its holders of
Equity Shares unless it has first declared the preferential dividend for
such Financial Year to the holders of the Bridge Preference CCPS. If in
any given Financial Year, the Company has not declared the
preferential dividend,holders of the Bridge Preference CCPS shall
(notwithstanding that the CCPS may have been redeemed or
converted) not have the right to receive the preferential dividend for
such given Financial Year in the following Financial Year.
- Conversion - The coversion of Bridge Preference CCPS to equity

shares will be done in accordance to Subscription Agreement dated
16th Sep 2016.
Series C CCPS
- The CCPS Series C shall rank senior to all Equity Shares of the
Company in all respects including in relation to interest, dividends,
Agreement.
- Each Financial Year, each holder of the CCPS Series C shall be

entitled to a preferential dividend equal to 0.1% per annum of the par
value of such CCPS. In any given Financial Year, the Company may
not declare any dividend or other distribution to its holders of Equity
Shares unless it has first declared the preferential dividend for such
Financial Year to the holders of the CCPS Series C. If in any given
Financial Year, the Company has not declared the preferential
104
dividend,holders of the CCPS Series C shall (notwithstanding that the

CCPS may have been redeemed or converted) not have the right to
receive the preferential dividend for such given Financial Year in the
following Financial Year.
- Conversion - The coversion of CCPS Series C to equity shares will be

done in accordance to Subscription Agreement dated 02nd March
2017.
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Securities premium
Components of reserves [Axis] Reserves [Member]
account [Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period -3,356.77 -2,431.86 0
Other additions to reserves 59.8 7,159.38 0
Total additions to reserves -3,296.97 4,727.52 0
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Other appropriations 0 0 0
Transfer to general reserve 0 0 0
Total appropriations for dividend,
0 0 0
dividend tax and general reserve
Appropriation towards bonus shares 0 0 0
Total changes in reserves -3,296.97 4,727.52 0
Reserves at end of period 2,463.77 5,760.74 1,033.22 9,714.22
105

Share options outstanding account
Components of reserves [Axis] Securities premium account [Member]
[Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Profit (loss) for period 0 0 0
Other additions to reserves (A) 7,147.49 (B) 59.8 (C) 11.89
Total additions to reserves 7,147.49 59.8 11.89
Other appropriations 0 0 0
Transfer to general reserve 0 0 0
0 0 0
Appropriation towards bonus shares 0 0 0
Total changes in reserves 7,147.49 59.8 11.89
Reserves at end of period 9,714.22 2,566.73 71.69 11.89
(A) Add : Securities premium credited on share issue - INR 6,720.35 & Securities premium credited on Conversion of CCPS - INR
427.14
(B) Add : Compensation for options granted during the year
(C) Add : Compensation for options granted during the year

Share options
Components of reserves [Axis] outstanding Surplus [Member]
account [Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Profit (loss) for period -3,356.77 -2,431.86
Other additions to reserves 0 0
Total additions to reserves -3,356.77 -2,431.86
Other appropriations 0 0
Transfer to general reserve 0 0
0 0
Appropriation towards bonus shares 0 0
Total changes in reserves -3,356.77 -2,431.86
Reserves at end of period 0 -7,322.14 -3,965.37 -1,533.51

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on reserves explanatory [TextBlock] [See below] [See below]
106
Disclosure of notes on reserves explanatory [Text Block]
4 Reserves and surplus
Particulars As at March 31, 2018 As at March 31, 2017
Securities Premium Account
Opening balance 9,714.22 2,566.73
Add : Securities premium received on issue of shares - 6,720.35
Add : Securities premium credited on Conversion of CCPS - 427.14
Closing balance 9,714.22 9,714.22
Share Options Outstanding Account
Opening balance 11.89 -
Add : Compensation for options granted during the year 59.80 11.89
Closing balance 71.69 11.89
Surplus/(deficit) in the Statement of Profit and Loss
Opening balance (3,965.37) (1,533.51)
Add: (Net Loss) for the current year (3,356.77) (2,431.86)
Closing balance (7,322.14) (3,965.37)
107
Total 2,463.77 5,760.74
108
Disclosure of notes on reserves explanatory [Text Block]
4 Reserves and surplus 31-03-17 31-03-16
() ()
(a) Securities Premium Account
Opening balance 256,672,827 34,627,892
Add : Securities premium credited on share issue 672,035,226 222,044,935
Add : Securities premium credited on Conversion of CCPS 42,713,980 -
Closing balance 971,422,033 256,672,827
(c) Share Options Outstanding Account
Opening balance - -
Add : Compensation for options granted during the year 1,189,335 -
Closing balance 1,189,335 -
(b) Surplus/(deficit) in the Statement of Profit and Loss
Opening balance (153,351,376) (62,751,621)
Add: (Net Loss) for the current year (243,186,001) (90,599,755)
Closing balance (396,537,377) (153,351,376)
109
Total Reserves and surplus 576,073,991 103,321,451
[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] Secured borrowings [Member] Secured borrowings [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 879.31 0 879.31 0
Nature of security [Abstract]
Nature of security
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default
0 0 0 0
principal
0 0 0 0
interest
Classification of borrowings [Table] ..(2)

Classification of borrowings [Axis] Term loans from others [Member] Rupee term loans from others [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2016
01/04/2017 01/04/2016 01/04/2017
to to to
to
31/03/2018 31/03/2017 31/03/2018
31/03/2017
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 879.31 0 879.31 0
Nature of security [Abstract]
Textual information (32) [See
Nature of security below]
-
Details on defaults on borrowings [Abstract]

0 0 0 0
principal
0 0 0 0
interest

01/04/2017
to
31/03/2018
Disclosure of notes on borrowings explanatory [TextBlock] [See below]
110
Nature of security
The hypothecated goods consist of borrower's right, tilte and interest in the existing, future, fixed, non-current assets including any and all
intellectual property and the intellectual property rights with respect to these movables present and future accounts, cash-flow, receivables, book
debts, revenue, equipment, inventory, contract rights, leases, license agreement, franchise agreement, goodwill, uncalled capital, general
intangibles, documents, instruments, cash, deposit accounts, letter of credit rights, securities and all other investment properties, financial assets
whether owned or not or held by other party or in transit.
111
Disclosure of notes on borrowings explanatory [Text Block]
5 Borrowings
As at
As at
March
Particulars March
31,
31, 2018
2017
Long Term
borrowings
(Secured)
- From
financial 1,500.00 -
institutions
Total non
current 1,500.00 -
borrowings
Less:-
Current
maturities of
long term 620.69 -
borrowings
(Refer note
9)
Non-current
879.31 -
borrowings
Movement in
5(i) long term
borrowings
As at
As at
March
Particulars March
31,
31, 2018
2017
112
Term Term
Loan Loan
At the
beginning of - -
the year
New loans 1,500.00 -
Repayments - -
Other
- -
transfers
At the end of
1,500.00 -
the year
Details of
Repayment
5(ii)
of
borrowings
As at
As at
March
Particulars March
31,
31, 2018
2017
Term Term
Loan* Loan
Upto 1 year 620.69 -
Between 1-2
620.69 -
years
Between 2-3
258.62 -
years
Between 3-4
- -
years
Between 4-5
- -
years
More than 5
- -
years
113
Total 1,500.00 -
*Last date of
repayment of
this loan is
31 July 2020
Nature of
Security in
case of
5(iii)
secured
long-term
borrowings
Particulars Nature of Security
The hypothecated goods consist of borrower's right, tilte and interest in the existing,
future, fixed, non-current assets including any and all intellectual property and the
intellectual property rights with respect to these movables present and future accounts,
Borrowings cash-flow, receivables, book debts, revenue, equipment, inventory, contract rights,
from-Innoven leases, license agreement, franchise agreement, goodwill, uncalled capital, general
Capital India intangibles, documents, instruments, cash, deposit accounts, letter of credit rights,
Pvt Ltd securities and all other investment properties, financial assets whether owned or not or
held by other party or in transit.
114
[201000] Notes - Tangible assets
Disclosure of tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 74.94 53.13 74.94 53.13
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -73.24 -53.9
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
0 0 0 0
through demergers
Disposals tangible assets,
0 1.28 0 6.42
others
Total disposals tangible
0 1.28 0 6.42
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
1.7 -2.05 74.94 46.71
assets
Tangible assets at end of period 87.66 85.96 88.01 265.38 190.44 143.73
115

Classes of tangible assets [Axis] Company total tangible assets [Member] Furniture and fixtures [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 2.54 0.37
assets
business combinations 0 0
tangible assets
Depreciation tangible assets 73.24 53.9 -3.18 -3.49
Impairment loss
recognised in profit or 0 0 0 0
recognised in profit or loss 0 0 0 0
tangible assets
0 0
[Abstract]
0 0
through demergers
0 5.14 0 0
others
0 5.14 0 0
assets
assets [Abstract]
net exchange differences 0 0
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
73.24 48.76 -0.64 -3.12
assets
116

Classes of tangible assets [Axis] Furniture and fixtures [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Gross carrying amount [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 3.18 3.49
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
2.54 0.37 3.18 3.49
assets
117

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 0 9.94 0 9.94
assets
tangible assets
Depreciation tangible assets -3 -2.24
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 1.28 0 6.42
others
0 1.28 0 6.42
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-3 6.42 0 3.52
assets
118

Classes of tangible assets [Axis] Vehicles [Member] Motor vehicles [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 0 9.94
assets
tangible assets
Depreciation tangible assets 3 2.24 -3 -2.24
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 5.14 0 1.28
others
0 5.14 0 1.28
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
3 -2.9 -3 6.42
assets
119

Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 0 9.94
assets
tangible assets
Depreciation tangible assets 3 2.24
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 6.42 0 5.14
others
0 6.42 0 5.14
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 3.52 3 -2.9
assets
120

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0.53 0.59 11.59 9.09
assets
Tangible assets at end of period 17.53 17 16.41 46.25 34.66 25.57
121

Classes of tangible assets [Axis] Office equipment [Member] Computer equipments [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
11.06 8.5 10.08 -2.22
assets
122

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
59.69 29.31 49.61 31.53
assets
123

Classes of tangible assets [Axis] Leasehold improvements [Member]
Sub classes of tangible assets [Axis] Assets held under lease [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 0 0.9 0 0.9
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-4.69 -7.01 0 0.9
assets
124

Classes of tangible assets [Axis] Leasehold improvements [Member] Other tangible assets [Member]
Sub classes of tangible assets [Axis] Assets held under lease [Member] Owned assets [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
4.69 7.91 -0.58 3.29
assets
Tangible assets at end of period 16.3 11.61 3.7 2.71 3.29 0
125

Classes of tangible assets [Axis] Other tangible assets [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
1.12 3.52 1.7 0.23
assets
Tangible assets at end of period 4.64 3.52 0 1.93 0.23 0
126

Classes of tangible assets [Axis] Other tangible assets, others [Member]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
Server and S e r v e r & Server and S e r v e r &
Nature of other tangible assets Networks Networks Networks Networks
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-0.58 3.29 1.12 3.52
assets
Tangible assets at end of period 2.71 3.29 0 4.64 3.52 0
127

Classes of tangible assets [Axis] Other tangible assets, others [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
01/04/2017 01/04/2016
to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of tangible assets [LineItems]
Nature of other tangible assets Server and Networks Server & Networks
Reconciliation of changes in tangible assets [Abstract]
Changes in tangible assets [Abstract]
Impairment loss recognised in profit or loss tangible assets 0 0
Reversal of impairment loss recognised in profit or loss
0 0
tangible assets
Disposals tangible assets [Abstract]
Disposals tangible assets, others 0 0
Total disposals tangible assets 0 0
Other adjustments tangible assets [Abstract]
Other adjustments tangible assets, others 0 0
Total other adjustments tangible assets 0 0
Total changes in tangible assets 1.7 0.23
Tangible assets at end of period 1.93 0.23 0
Disclosure of additional information tangible assets [Table] ..(1)

Company total tangible assets
Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]
[Member]
Owned and leased assets
[Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of additional information
tangible assets [LineItems]
written down written down
Depreciation method tangible assets value method value method
Textual Textual
Useful lives or depreciation rates
information (34) information (35)
tangible assets [See below] [See below]

Computer equipments
Classes of tangible assets [Axis] Motor vehicles [Member] Office equipment [Member]
[Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member] Owned assets [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
tangible assets [LineItems]
written down written down written down written down written down written down
Depreciation method tangible assets value method value method value method value method value method value method
Textual
Textual Textual Textual Textual Textual
Useful lives or depreciation rates information
information (36) information (37) information (38) information (39) information (40)
tangible assets (41) [See
[See below] [See below] [See below] [See below] [See below]
below]
128

Classes of tangible assets [Axis] Leasehold improvements [Member]
Sub classes of tangible assets [Axis] Assets held under lease [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of additional information tangible assets [Abstract]
Disclosure of additional information tangible assets [LineItems]
written down value written down value
Depreciation method tangible assets method method
Textual information Textual information
Useful lives or depreciation rates tangible assets (42) [See below] (43) [See below]

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on tangible assets explanatory [TextBlock] [See below] [See below]
Disclosure of accounting policy on tangible assets [TextBlock] [See below] [See below]
Useful lives or depreciation rates tangible assets

10 Years & Depreciation on addition to tangible fixed assets is provided on pro-rata basis from the date the assets are ready for intended use.
Depreciation on sale/discard from tangible fixed assets is provided for upto the date of sale, deduction or discard of tangible fixed assets as the
case may be.

case may be.

6 - 8 Years & Depreciation on addition to tangible fixed assets is provided on pro-rata basis from the date the assets are ready for intended use.
case may be.

6 - 8 Years & Depreciation on addition to tangible fixed assets is provided on pro-rata basis from the date the assets are ready for intended use.
case may be.

case may be.
129

case may be.

3 Year and Depreciation on addition to tangible fixed assets is provided on pro-rata basis from the date the assets are ready for intended use.
case may be

3 Year and Depreciation on addition to tangible fixed assets is provided on pro-rata basis from the date the assets are ready for intended use.
case may be

Depreciation on addition to tangible fixed assets is provided on pro-rata basis from the date the assets are ready for intended use. Depreciation on
sale/discard from tangible fixed assets is provided for upto the date of sale, deduction or discard of tangible fixed assets as the case may be

sale/discard from tangible fixed assets is provided for upto the date of sale, deduction or discard of tangible fixed assets as the case may be
130
Disclosure of notes on tangible assets explanatory [Text Block]
Fixed
10 assets-Tangible
assets
Gross Net
Particulars Depreciation
block block
As at Deductions As at For Deductions As at As at As at

Additions / As at April
April 1, / March 31, the / March March March
Adjustments 1, 2017
2017 Adjustments 2018 year Adjustments 31, 2018 31, 2018 31, 2017
Owned
Furniture and
19.09 2.54 - 21.63 8.89 3.18 - 12.07 9.56 10.20
fixtures
18.72 0.37 - 19.09 5.40 3.49 - 8.89 10.20 13.32
Office
34.66 11.59 - 46.25 17.66 11.06 - 28.72 17.53 17.00
equipments
25.57 9.09 - 34.66 9.16 8.50 - 17.66 17.00 16.41
Vehicles 19.73 - - 19.73 9.74 3.00 - 12.74 6.99 9.99
16.21 9.94 6.42 19.73 12.64 2.24 5.14 9.74 9.99 3.57
Computers 91.68 59.69 - 151.37 56.35 49.61 - 105.96 45.41 35.33
62.37 29.31 - 91.68 24.82 31.53 - 56.35 35.33 37.55
131
Server and
3.52 1.12 - 4.64 0.23 1.70 - 1.93 2.71 3.29
Networks
- 3.52 - 3.52 - 0.23 - 0.23 3.29 -
Lease hold
21.76 - - 21.76 11.61 4.69 - 16.30 5.46 10.15
Improvements
20.86 0.90 - 21.76 3.70 7.91 - 11.61 10.15 17.16
Total 190.44 74.94 - 265.38 104.48 73.24 - 177.72 87.66 85.96
Previous year 143.73 53.13 6.42 190.44 55.72 53.90 5.14 104.48 85.96 88.01
132
Disclosure of notes on tangible assets explanatory [Text Block]
Fixed
9 assets-Tangible
assets
Depreciation
Gross
and Net block
block
impairment
As at Additions/ Deductions/ Up to As at For the Deductions/ Up to As at
01-04-16 Adjustments Adjustments 31-03-17 01-04-16 year Adjustments 31-03-17 31-03-17
() () () () () () () () ()
Owned assets
Plant and
- - - - - - - - -
machineries
Furniture and
1,872,006 36,800 - 1,908,806 539,980 348,775 - 888,755 1,020,051
fixtures
Office
2,557,093 909,337 - 3,466,430 916,815 849,560 - 1,766,375 1,700,055
equipments
Vehicles 1,621,211 993,707 642,125 1,972,793 1,263,366 224,483 514,017 973,832 998,961
Computers 6,236,997 2,930,532 - 9,167,529 2,482,251 3,153,057 - 5,635,308 3,532,221
Server &
- 352,292 - 352,292 23,365 23,365 328,927
Networks
Lease hold
2,085,409 90,095 - 2,175,504 369,810 790,943 - 1,160,753 1,014,751
Improvements
Total 14,372,716 5,312,763 642,125 19,043,354 5,572,222 5,390,184 514,017 10,448,389 8,594,965
Previous year 4,117,965 10,254,754 3 14,372,716 2,242,118 3,330,104 - 5,572,222 8,800,494
133
10 Fixed
assets-Intangible
assets
Amortisation
Gross
and Net block
block
impairment
As at Additions/ Deductions/ Up to As at For the Deductions/ Up to As at
01-04-16 Adjustments Adjustments 31-03-17 01-04-16 year Adjustments 31-03-17 31-03-17
() () () () () () () () ()
Trademark 29,500 - - 29,500 17,242 9,860 - 27,102 2,398
Computer
1,177,106 820,781 - 1,997,887 229,086 572,946 - 802,032 1,195,855
Software
Total 1,206,606 820,781 - 2,027,387 246,328 582,806 - 829,134 1,198,253
Previous year 318,987 887,619 - 1,206,606 124,505 121,823 - 246,328 960,278
134
Disclosure of accounting policy on tangible assets [Text Block]
c Fixed assets
Tangible fixed assets
Tangible fixed assets are stated at cost, less accumulated depreciation and impairment losses, if any. Cost
comprises the purchase price, borrowing costs, if capitalization criteria are met and any cost attributable to bringing
the assets to its working condition for its intended use which includes taxes, freight, and installation and allocated
incidental expenditure during acquisition and exclusive of tax credit available to the Company.
When parts of an item of tangible assets have different useful lives, they are accounted for as separate items of
fixed asset.
Subsequent expenditure relating to fixed assets is capitalized only if such expenditure results in an increase in the
future benefits from such asset beyond its previously assessed standard of performance.
Intangible assets
An intangible asset is recognized when it is probable that the future economic benefits attributable to the asset will
flow to the enterprise and where its cost can be reliably measured. Intangible assets are stated at cost of
acquisition less accumulated amortization and impairment losses, if any. Cost comprises the purchase price and
any cost attributable to bringing the assets to its working condition for its intended use which includes taxes,
freight, and installation and allocated incidental expenditure during construction/ acquisition and exclusive of tax
credit available to the Company.
Subsequent expenditure relating to intangible fixed assets is capitalized only if such expenditure results in an
increase in the future benefits from such asset beyond its previously assessed standard of performance.
d Depreciation on fixed asset
Based on management’s evaluation, useful life prescribed in Schedule II of the Companies Act, 2013 represent
135
actual useful life of fixed assets. The Company uses written down value method and the following useful lives to
provide depreciation of different class of its fixed assts.
(Useful
Class of Assets life In
years)
Computer 3
Furniture and fixtures 10
Office equipment 5
Vehicle 6-8
Depreciation on addition to tangible fixed assets is provided on pro-rata basis from the date the assets are ready
for intended use. Depreciation on sale/discard from tangible fixed assets is provided for upto the date of sale,
deduction or discard of tangible fixed assets as the case may be.
Fixed Assets costing below Rs. 5000/- are fully depreciated during the year of Purchase.
e Amortization of Intangible fixed assets
Amortization of intangible fixed assets has been calculated on straight line basis at the following rates, based on
management estimates, which in the opinion of the management are reflective of the estimated useful lives of the
Intangible fixed assets.
Useful
Class of Assets life (In
years)
Computer Software 3
Trademark 3
136
Amortization on addition to intangible fixed assets is provided on pro-rata basis from the date the assets are ready
for intended use. Amortization on sale/discard from intangible fixed assets is provided for upto the date of sale,
deduction or discard of intangible fixed assets as the case may be.
f Impairment of Assets
The carrying amounts of assets are reviewed at each balance sheet date if there is any indication of impairment
based on internal/external factors. An impairment loss is recognised wherever the carrying amount of an asset
exceeds its recoverable amount. The recoverable amount is the greater of the assets’ net selling price and value in
use. In assessing value in use, the estimated future cash flows are discounted to their present value at the
weighted average cost of capital.
After impairment, depreciation/amortization is provided on the revised carrying amount of the asset over its
remaining useful life.
137
Disclosure of accounting policy on tangible assets [Text Block]

c. Fixed assets
Tangible fixed assets are stated at cost, less accumulated depreciation and impairment losses, if any. Cost comprises the purchase price,
borrowing costs, if capitalization criteria are met and any cost attributable to bringing the assets to its working condition for its intended use
which includes taxes, freight, and installation and allocated incidental expenditure during acquisition and exclusive of tax credit available to the
Company.
When parts of an item of tangible assets have different useful lives, they are accounted for as separate items of fixed asset .
Subsequent expenditure relating to fixed assets is capitalized only if such expenditure results in an increase in the future benefits from such asset
beyond its previously assessed standard of performance.
Intangible assets
An intangible asset is recognized when it is probable that the future economic benefits attributable to the asset will flow to the enterprise and
where its cost can be reliably measured. Intangible assets are stated at cost of acquisition less accumulated amortization and impairment losses, if
any. Cost comprises the purchase price and any cost attributable to bringing the assets to its working condition for its intended use which includes
taxes, freight, and installation and allocated incidental expenditure during construction/ acquisition and exclusive of tax credit available to the
Company.
Subsequent expenditure relating to intangible fixed assets is capitalized only if such expenditure results in an increase in the future benefits from
such asset beyond its previously assessed standard of performance.
Based on management’s evaluation, useful life prescribed in Schedule II of the Companies Act, 2013 represent actual useful life of fixed assets.
The Company uses written down value method and the following useful lives to provide depreciation of different class of its fixed assts.
Year ended March 31, 2017 Year ended March 31, 2016
Particulars
(Useful life In years) (Useful life in years)
Computer 3 3
Furniture and fixtures 10 10
Office equipment 5 5
Vehicle 6-8 6-8
sale/discard from tangible fixed assets is provided for upto the date of sale, deduction or discard of tangible fixed assets as the case may be.

Amortization of intangible fixed assets has been calculated on straight line basis at the following rates, based on management estimates, which in
the opinion of the management are reflective of the estimated useful lives of the Intangible fixed assets.
Particulars Useful life (In years)
Computer Software 3
138
Trademark 3
Amortization on addition to intangible fixed assets is provided on pro-rata basis from the date the assets are ready for intended use. Amortization
on sale/discard from intangible fixed assets is provided for upto the date of sale, deduction or discard of intangible fixed assets as the case may be.
139
[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]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
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
16.26 0 16.26 0
development
business combinations 0 8.21 0 8.21
intangible assets
intangible assets
Total additions to
16.26 8.21 16.26 8.21
intangible assets
Amortization intangible assets -6.64 -5.83
Impairment loss
loss intangible assets
intangible assets
0 0 0 0
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0 0 0
assets through demergers
0 0 0 0
assets, others
Total disposals intangible
0 0 0 0
assets
Retirements of intangible
0 0 0 0
assets
Other adjustments intangible
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
intangible assets, others
0 0 0 0
intangible assets
Total changes in intangible
9.62 2.38 16.26 8.21
assets
Intangible assets at end of period 21.6 11.98 9.6 36.54 20.28 12.07
140

Classes of intangible assets [Axis] Company total intangible assets [Member] Brands and trade marks [Member]
Internally generated and other than internally
Sub classes of intangible assets [Axis] Internally generated intangible assets [Member]
generated intangible assets [Member]
Carrying amount accumulated amortization and Accumulated amortization and impairment
impairment and gross carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
[Abstract]
0 0
development
intangible assets
intangible assets
Total additions to
0 0
intangible assets
Amortization intangible assets 6.64 5.83 -0.02 -0.1
Impairment loss
intangible assets
0 0
[Abstract]
0 0
0 0 0 0
assets, others
0 0 0 0
assets
0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
6.64 5.83 -0.02 -0.1
assets
Intangible assets at end of period 14.94 8.3 2.47 0 0.02 0.12
141

Classes of intangible assets [Axis] Brands and trade marks [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
[Abstract]
0 0
development
intangible assets
intangible assets
Total additions to
0 0
intangible assets
Amortization intangible assets 0.02 0.1
Impairment loss
intangible assets
0 0
[Abstract]
0 0
0 0 0 0
assets, others
0 0 0 0
assets
0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
0 0 0.02 0.1
assets
142

Classes of intangible assets [Axis] Trade marks [Member]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
[Abstract]
0 0 0 0
development
intangible assets
intangible assets
Total additions to
0 0 0 0
intangible assets
Amortization intangible assets -0.02 -0.1
Impairment loss
intangible assets
0 0 0 0
[Abstract]
0 0 0 0
0 0 0 0
assets, others
0 0 0 0
assets
0 0 0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
-0.02 -0.1 0 0
assets
Intangible assets at end of period 0 0.02 0.12 0.3 0.3 0.3
143

Classes of intangible assets [Axis] Trade marks [Member] Computer software [Member]
Intangible assets other than internally generated
[Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
[Abstract]
16.26 0
development
business combinations 0 8.21
intangible assets
intangible assets
Total additions to
16.26 8.21
intangible assets
Amortization intangible assets 0.02 0.1 -6.62 -5.73
Impairment loss
intangible assets
0 0
[Abstract]
0 0
0 0 0 0
assets, others
0 0 0 0
assets
0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
0.02 0.1 9.64 2.48
assets
144

Classes of intangible assets [Axis] Computer software [Member]
Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
[Abstract]
16.26 0
development
business combinations 0 8.21
intangible assets
intangible assets
Total additions to
16.26 8.21
intangible assets
Amortization intangible assets 6.62 5.73
Impairment loss
intangible assets
0 0
[Abstract]
0 0
0 0 0 0
assets, others
0 0 0 0
assets
0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
16.26 8.21 6.62 5.73
assets
145
Disclosure of additional information intangible assets [Table] ..(1)

Company total intangible assets Brands and trade marks
Classes of intangible assets [Axis] Trade marks [Member]
[Member] [Member]
Internally generated and other
Internally generated intangible Internally generated intangible
Sub classes of intangible assets [Axis] than internally generated
assets [Member] assets [Member]
intangible assets [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
intangible assets [LineItems]
Useful lives or amortization rates
3 Years 3 Years
intangible assets
Description of amortization method straight line
straight line basis
used basis
Disclosure of additional information intangible assets [Table] ..(2)

Classes of intangible assets [Axis] Computer software [Member]
Intangible assets other than internally
Sub classes of intangible assets [Axis]
generated [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of additional information intangible assets [Abstract]
Disclosure of additional information intangible assets [LineItems]
Useful lives or amortization rates intangible assets 3 Years 3 Years
Description of amortization method used straight line basis straight line basis

01/04/2017
to
31/03/2018
Disclosure of notes on intangible assets explanatory [TextBlock] [See below]
146
Disclosure of notes on intangible assets explanatory [Text Block]
Fixed
10 assets-Tangible
assets
Gross Net
Particulars Depreciation
block block
As at Deductions As at For Deductions As at As at As at

Additions / As at April
April 1, / March 31, the / March March March
Adjustments 1, 2017
2017 Adjustments 2018 year Adjustments 31, 2018 31, 2018 31, 2017
Owned
Furniture and
19.09 2.54 - 21.63 8.89 3.18 - 12.07 9.56 10.20
fixtures
18.72 0.37 - 19.09 5.40 3.49 - 8.89 10.20 13.32
Office
34.66 11.59 - 46.25 17.66 11.06 - 28.72 17.53 17.00
equipments
25.57 9.09 - 34.66 9.16 8.50 - 17.66 17.00 16.41
Vehicles 19.73 - - 19.73 9.74 3.00 - 12.74 6.99 9.99
16.21 9.94 6.42 19.73 12.64 2.24 5.14 9.74 9.99 3.57
Computers 91.68 59.69 - 151.37 56.35 49.61 - 105.96 45.41 35.33
62.37 29.31 - 91.68 24.82 31.53 - 56.35 35.33 37.55
147
Server and
3.52 1.12 - 4.64 0.23 1.70 - 1.93 2.71 3.29
Networks
- 3.52 - 3.52 - 0.23 - 0.23 3.29 -
Lease hold
21.76 - - 21.76 11.61 4.69 - 16.30 5.46 10.15
Improvements
20.86 0.90 - 21.76 3.70 7.91 - 11.61 10.15 17.16
Total 190.44 74.94 - 265.38 104.48 73.24 - 177.72 87.66 85.96
Previous year 143.73 53.13 6.42 190.44 55.72 53.90 5.14 104.48 85.96 88.01
[200400] Notes - Non-current investments

31/03/2018 31/03/2017
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 0 0
Aggregate provision for diminution in value of non-current investments 0 0
148
[200500] Notes - Current investments
Details of current investments [Table] ..(1)

Classification of current investments [Axis] 1
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Current investments [Abstract]
Disclosure of details of current investments [Abstract]
Details of current investments [LineItems]
Investments in Investments in mutual
Type of current investments mutual funds funds
Class of current investments Current investments Current investments
Current investments 1,609.59 4,960.89
Textual information Textual information
Basis of valuation of current investments (49) [See below] (50) [See below]
Name of body corporate in whom investment has been made Mutual Funds Mutual Funds

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on current investments explanatory [TextBlock] [See below] [See below]
Aggregate amount of quoted current investments 1,609.59 4,960.89
Market value of quoted current investments 1,716.32 4,964.8
Aggregate amount of unquoted current investments 0 0
Aggregate provision for diminution in value of current investments 0 0
Basis of valuation of current investments

Current investments are carried in the financial statements at lower of cost and fair value determined on an individual investment basis.
Long-term investments are carried at cost. However, provision for diminution in value is made to recognize a decline other than temporary in the
value of the investments.
Basis of valuation of current investments

149
Disclosure of notes on current investments explanatory [Text Block]
14 Current Investments (At Cost)
Investment in Mutual Funds 1,609.59 4,960.89
Total 1,609.59 4,960.89
(Market Value - Rs 1,716.32)
Disclosure of notes on current investments explanatory [Text Block]
13 Current Investments 31-03-17 31-03-16
() ()
Investment in Mutual Funds 496,089,299 -
(Market Value - Rs 4964,80,238)
496,089,299 -
150
[200600] Notes - Subclassification and notes on liabilities and assets
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Other inventories [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 8.92 10.32 8.92 10.32
Mode of valuation
Classification of inventories [Table] ..(2)

Classification of inventories [Axis] Other inventories, others [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets [Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 8.92 10.32
(Valued at lower of (Valued at lower of
cost and net relisable cost and net relisable
Mode of valuation value, unless stated value, unless stated
other wise) other wise)
Consumable & Consumable &
Nature of other inventories Packing Material Packing Material
151
Loans and advances [Table] ..(1)

Deposits with statutory authorities
Classification of loans and advances [Axis] Security deposits [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 95.37 87.37 0.6 0.6
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 95.37 87.37 0.6 0.6
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Total loans and advances due by
0 0 0 0
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director

Classification based on time period [Axis] Short-term [Member]
Loans advances given suppliers
Classification of loans and advances [Axis] Security deposits [Member]
[Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Loans and advances, gross 0.64 2.24 (A) 474.52 (B) 271.58
0 0 0 0
advances
[Abstract]
0 0 0 0
0 0 0 0
director
Footnotes
(A) Advances to suppliers
(B) Advances to suppliers
152

Classification of loans and advances [Axis] Prepaid expenses [Member] Advance tax [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Loans and advances, gross 29.37 18.19 38.03 17.49
0 0 0 0
advances
[Abstract]
0 0 0 0
0 0 0 0
director

Deposits with statutory authorities
Classification of loans and advances [Axis] Advance sales tax/VAT paid [Member]
[Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Loans and advances, gross (A) 38.03 (B) 17.49 (C) 186.94 (D) 47.83
0 0 0 0
advances
[Abstract]
0 0 0 0
0 0 0 0
director
Footnotes
(A) Advance Tax (Net of provision for Income Tax of Rs. Nil; Previous Year Nil)
(B) Advance Tax (Net of provision for Income Tax of Rs. Nil; Previous Year Nil)
(C) Balance with goverment authorities
(D) Balance with goverment authorities
153

Other loans and advances, others
Classification of loans and advances [Axis]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Loans and advances, gross 3.62 1.21
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 3.62 1.21
Other loans and Other loans and
Nature of other loans and advances advances advances
Details of loans and advances due by directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0
Loans and advances due by other officers 0 0
Total loans and advances due by directors, other officers or others 0 0
Details of loans and advances due by firms or companies in which any
director is partner or director [Abstract]
Total loans and advances due by firms or companies in which any director
0 0
is partner or director
Disclosure of breakup of provisions [Table] ..(1)

31/03/2018 31/03/2017
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision gratuity (A) 57.67 (B) 35.4
Total provisions for employee benefits 57.67 35.4
CSR expenditure provision 0 0
Total provisions 57.67 35.4
Footnotes
(A) Provision for gratuity (unfunded) (Refer note 30)
(B) Provision for gratuity (unfunded) (Refer note 30)
Disclosure of details of balances with banks [Table] ..(1)

Details of balances with banks [Axis] 1 2
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Cash and bank balances notes [Abstract]
Cash and bank balances [Abstract]
Disclosure of details of balances with banks
[Abstract]
Details of balances with banks [LineItems]
Name of bank Bank of Baroda Bank of Baroda Bank of Baroda Bank of Baroda
Account number of bank 0044 0044 0128 0128
Closing balance held in bank 60,921 7,709 11,49,382 36,735
154

01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
[Abstract]
Kotak Mahindra Kotak Mahindra
Name of bank Bank
Kotak Mahindra Bank
Bank
Kotak Mahindra Bank

Closing balance held in bank 2,00,70,679 0.84 81,16,461 42,65,384

01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
[Abstract]
Kotak Mahindra
Name of bank Bank
Kotak Mahindra Bank SBI GJ SBI GJ

Closing balance held in bank 7,001 1,17,992 7,40,633 16,92,328

01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
[Abstract]
Name of bank SBI RJ SBI RJ SBI Pune SBI Pune
Closing balance held in bank 4,81,146 6,02,811 5,45,580 7,23,360
155

Details of balances with banks [Axis] 9
01/04/2017
to
31/03/2018
Disclosure of details of balances with banks [Abstract]
Name of bank Bank of Maharashtra
Account number of bank -
Closing balance held in bank 75,722
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[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 768.22 433.06 (A) 768.22 (B) 427.7
Allowance for bad and doubtful debts 0 5.36 0 0
Total trade receivables 768.22 427.7 768.22 427.7
Details of trade receivables due by
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
Footnotes
(A) Unsecured, considered good : - Outstanding for a period less than six months from the date they are due for payment - INR 768.22 &
Other - INR 0.00
(B) Unsecured, considered good: - Outstanding for a period less than six months from the date they are due for payment - INR 424.38 &
Others - INR 3.32
156
Subclassification of trade receivables [Table] ..(2)

Classification of assets based on security [Axis] Doubtful [Member]
31/03/2018 31/03/2017
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 0 5.36
Allowance for bad and doubtful debts 0 5.36
Total trade receivables 0 0
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Total trade receivables due by firms or companies in which any
0 0
director is partner or director
157

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Disclosure of notes on other long-term liabilities explanatory Textual information (53) Textual information (54)
[TextBlock] [See below] [See below]
Trade payables, long-term 0 0
Others long-term, others (A) 46.78 (B) 34.2

Total others, long-term 46.78 34.2
Total other long-term liabilities 46.78 34.2
Disclosure of notes on provisions explanatory [TextBlock] [See below] [See below]
Disclosure of notes on other current liabilities explanatory Textual information (57) Textual information (58)
Current maturities of long-term debt 620.69 0
Interest accrued but not due on borrowings (C) 16.63

0
Interest accrued and due on borrowings 0 0

Interest accrued but not due on public deposits 0 0
Interest accrued and due on public deposits 0 0
Debentures claimed but not paid 0 0
Unpaid dividends 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Taxes payable other tax 23.96

(D) 30.16
Public deposit payable, current 0 0
Total other payables, current 23.96 30.16
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others (E) 4.67 (F) 14.49
Total other current liabilities 665.95 44.65
Disclosure of notes on loans and advances explanatory [TextBlock] [See below] [See below]
Disclosure of notes on other non-current assets explanatory Textual information (61) Textual information (62)
Other non-current assets, others 14.18 32.37
Total other non-current assets 14.18 32.37
Deposits with original Deposits with original
maturity for more than 12 maturity for more than 12
Nature of other non-current assets, others months from balance sheet months from balance sheet
date date
Disclosure of notes on inventories explanatory [TextBlock] [See below] [See below]
Accounting policy on inventories [TextBlock] [See below]
Disclosure of notes on trade receivables explanatory [TextBlock] [See below] [See below]
Aggregate amount of trade receivables outstanding for period
0 3.32
exceeding six months
Disclosure of notes on cash and bank balances explanatory [TextBlock] [See below] [See below]
Fixed deposits with banks (G) 32.87 (H) 100.34
Other balances with banks 312.51 74.46
Total balance with banks 345.38 174.8
Cash on hand 1.86 0.95
Total cash and cash equivalents 347.24 175.75
Total cash and bank balances 347.24 175.75
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
Disclosure of notes on other current assets explanatory [TextBlock] [See below] [See below]
Interest receivable (I) 11.17 (J) 24.86
158
Other current assets, others (K) 1,677.48 (L) 721.87

Total other current assets 1,688.65 746.73
Deposits with original Deposits with original
maturity for more than 3 maturity for more than 3
Nature of other current assets months but less than 12 months but less than 12
months from balance sheet months from balance sheet
date date
Footnotes
(A) Lease Equalisation - INR. 14.27 & Security deposits - INR. 32.51
(B) Lease Equalisation - INR. 11.25 & Security deposits - INR. 22.95
(C) Interest accrued on borrowings
(D) Statutory dues payable
(E) -Payables on purchase of fixed asset
(F) -Payables on purchase of fixed asset
(G) Deposits with original maturity of less than three months
(H) Deposits with original maturity of less than three months
(I) Interest accured on fixed deposits
(J) Interest accured on fixed deposits
(K) Deposits with original maturity for more than 3 months but less than 12 months from balance sheet date
(L) Deposits with original maturity for more than 3 months but less than 12 months from balance sheet date
Disclosure of notes on other long-term liabilities explanatory [Text Block]
6 Other long term liabilities
Lease Equalisation 14.27 11.25
Security deposits 32.51 22.95
Total 46.78 34.20
159
Disclosure of notes on other long-term liabilities explanatory [Text Block]
31-03-17 31-03-16
() ()
5 Other Long Term Liabilities
Lease Equilisation Liability 1,124,965 186,007
1,124,965 186,007
160
Disclosure of notes on provisions explanatory [Text Block]
7 Long term provisions
Long term
Provision for employee benefits
Provision for gratuity (unfunded) (Refer note 30) 57.67 35.40
Total 57.67 35.40
161
Disclosure of notes on provisions explanatory [Text Block]
6 Provisions
Long term Short term
31-03-17 31-03-16 31-03-17 31-03-16
() () () ()
Long -term provisions
Provision for employee benefits (Refer note 30)
Provision for gratuity (unfunded) 3,335,400 1,677,017 204,469 162,271
Provision for leave Encashment (unfunded) - - - 407,935
Total Provisions 3,335,400 1,677,017 204,469 570,206
162
Disclosure of notes on other current liabilities explanatory [Text Block]
9 Other current liabilities
As at March 31, As at March 31,

Particulars
2018 2017
() ()
Current Maturities of long term borrowings 620.69 -
Interest accrued on borrowings 16.63 -
Other payables
- Statutory remittances (Contributions to PF and ESIC, Profession Tax, MLWF,

23.96 30.16
TDS etc.)
-Payables on purchase of fixed assets 4.67 14.49
Total 665.95 44.65
163
Disclosure of notes on other current liabilities explanatory [Text Block]
8 Other current liabilities 31-03-17 31-03-16
() ()
(a) Statutory dues payable 3,016,045 1,730,009
(b) Employee benefits payable 13,607,783 2,448,765
(c) Creditors for Capex 1,448,809 259,973
(d) Provisions for expenses 7,884,309 4,274,507
(e) Payable to Channel Partners 1,035,053 303,378
(f) Book Overdraft - 153,863
(g) Security Deposit 2,295,000 1,050,000
(h) Other Payables 1,767,806 654,276
Total Other current liabilities 31,054,806 10,874,771
164
Disclosure of notes on loans and advances explanatory [Text Block]
12 Long term loans and advances
(Unsecured, considered good, unless stated otherwise)
Security Deposit 95.37 87.37
Deposits with government authorities 0.60 0.60
Total 95.97 87.97
18 Short term loans and advances
Security deposits 0.64 2.24
Prepaid expenses 29.37 18.19
Balance with goverment authorities 186.94 47.83
Advance Tax (Net of provision for Income Tax of Rs. Nil; Previous Year Nil) 38.03 17.49
Advances to suppliers 474.52 271.58
165
Other loans and advances 3.62 1.21
Total 733.12 358.54
166
Disclosure of notes on loans and advances explanatory [Text Block]
11 Long term loans and advances 31-03-17 31-03-16
() ()
(a) Deposits with government authorities 60,000 60,000
(b) Security Deposit 8,736,810 6,219,310
Total 8,796,810 6,279,310
17 Short term loans and advances 31-03-17 31-03-16
() ()
(a) Security Deposits 224,000 532,500
(b) Other loans and advances 121,457 268,819
(c) Prepaid expenses 1,818,567 921,227
(d) Balance with revenue authorities 4,783,477 701,557
(e) Tax deducted at source (Net of provision for Income Tax of Rs. Nil; Previous Year Nil) 1,749,146 1,519,741
8,696,647 3,943,844
167
Disclosure of notes on other non-current assets explanatory [Text Block]
13 Other non-current assets

Particulars
2018 2017
Deposits with original maturity for more than 12 months from balance sheet date 14.18 32.37
Total 14.18 32.37
Disclosure of notes on other non-current assets explanatory [Text Block]
12 Other non-current assets 31-03-17 31-03-16
() ()
Non-current bank balances (Refere note 16) 3,237,290 17,000,000
Total other non-current other assets 3,237,290 17,000,000
168
Disclosure of notes on inventories explanatory [Text Block]
15 Inventories
(Valued at lower of cost and net relisable value, unless stated other wise)
Consumable and packing material 8.92 10.32
Total 8.92 10.32
169
Disclosure of notes on inventories explanatory [Text Block]
14 Inventories 31-03-17 31-03-16
() ()
(Valued at lower of cost and net relisable value, unless stated other wise)
(a) Stock-in-trade - 7,679,344
(b) Consumable & Packing Material 1,032,176 396,248
Total Inventories 1,032,176 8,075,592
Accounting policy on inventories [Text Block]

m. Inventories
Cost of traded goods, packing material is computed on a weighted-average basis. Cost includes purchase price, (excluding those subsequently
recoverable by the enterprise from the concerned revenue authorities), freight inwards and other expenditure incurred in bringing such inventories
to their present location and condition.
Provision of obsolescence on inventories is considered on the basis of management’s estimate based on demand and market of the inventories.
Net realizable value is the estimated selling price in the ordinary course of business, less the estimated cost of completion and the estimated costs
necessary to make the sale. The comparison of cost and net realizable value is made on item by item basis.
170
Disclosure of notes on trade receivables explanatory [Text Block]
16 Trade receivables

Particulars
2018 2017
Outstanding for a period less than six months from the date they are due for
payment
Unsecured, considered good 768.22 424.38
768.22 424.38
Others
Unsecured, considered good - 3.32
Unsecured, considered doubtful - 5.36
- 8.68
Less: Provision for doubtful receivables - 5.36
- 3.32
Total 768.22 427.70
171
Disclosure of notes on trade receivables explanatory [Text Block]
15 Trade receivables 31-03-17 31-03-16
() ()
Outstanding for a period less than six months from the date they are due for payment
Unsecured, considered good 42,437,341 11,313,791
(I) 42,437,341 11,313,791
Others
Unsecured, considered good 332,403 -
Unsecured, considered doubtful 535,879 122,741
868,282 122,741
Less: Provision for doubtful receivables 535,879 122,741
(II) 332,403 -
Total Trade receivables (I+II) 42,769,744 11,313,792
172
Disclosure of notes on cash and bank balances explanatory [Text Block]
17 Cash and cash equivalents
Cash on hand 1.86 0.95
Balances with banks
On current accounts 312.51 74.46
Deposits with original maturity of less than three months 32.87 100.34
Total 347.24 175.75
173
Disclosure of notes on cash and bank balances explanatory [Text Block]
16 Cash and bank balances 31-03-17 31-03-16
() ()
Cash and cash equivalents
Balances with banks
On current accounts 7,446,324 2,827,944
Deposits with original maturity of less than three months 10,033,758 46,000,000
Cash on hand 94,609 8,103
Total cash and cash equivalents (I) 17,574,691 48,836,047
Other bank balances
Deposits with original maturity for more than 12 months but less than 12 months from
72,186,575 62,000,000
reporting date
Total current maturities of other bank balalnces (II) 72,186,575 62,000,000
-Non-current maturities
Deposits with maturity date after 12 months from reporting date 3,237,290 17,000,000
Total gross non current maturities of other bank balalnces (III) 3,237,290 17,000,000
Less: Amount discslosed under non-current assets (IV) (3,237,290) (17,000,000)
Total non current maturities of other bank balalnces inlcuded in cash and bank
(V=III-IV) - -
balalnces
Total Cash and bank balances (I+II+V) 89,761,266 110,836,047
174
Disclosure of notes on other current assets explanatory [Text Block]
19 Other current assets

Particulars
2018 2017
Interest accured on fixed deposits 11.17 24.86
Deposits with original maturity for more than 3 months but less than 12 months from
1,677.48 721.87
balance sheet date
Total 1,688.65 746.73
175
Disclosure of notes on other current assets explanatory [Text Block]
18 Other current assets 31-03-17 31-03-16
() ()
(a) Interest accured but not due on deposits 2,486,438 5,864,595
(b) Advances to Suppliers 27,157,634 19,994,230
29,644,072 25,858,825
[200700] Notes - Additional disclosures on balance sheet
Details of shareholding pattern of promoters and public [Table] ..(1)

Shareholding pattern of promoters and public [Axis] Promoters [Member] Public shareholding [Member]
Classification based on nationality or origin [Axis] Indian [Member] Indian [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Additional balance sheet notes [Abstract]
Details of shareholding pattern of promoters and
public [Abstract]
Details of shareholding pattern of promoters and
public [LineItems]
Number of shares held by Indian [shares] 5,42,736 [shares] 5,42,736 [shares] 13,460 [shares] 13,460
Percentage of shares held by Indian 54.87% 54.87% 1.36% 1.36%
Number of shares held by body corporate [shares] 2,526 [shares] 2,526
Percentage of shares held by body corporate 0.26% 0.26%
Total number of shares [shares] 5,42,736 [shares] 5,42,736 [shares] 15,986 [shares] 15,986
Total of percentage shares 54.87% 54.87% 1.61% 1.61%
176
Details of shareholding pattern of promoters and public [Table] ..(2)

Shareholding pattern of promoters and public [Axis] Public shareholding [Member]
Classification based on nationality or origin [Axis] Foreign [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Additional balance sheet notes [Abstract]
Details of shareholding pattern of promoters and public [Abstract]
Details of shareholding pattern of promoters and public [LineItems]
Number of shares held by body corporate [shares] 4,30,462 [shares] 4,30,462
Percentage of shares held by body corporate 43.52% 43.52%
Total number of shares [shares] 4,30,462 [shares] 4,30,462
Total of percentage shares 43.52% 43.52%

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
There are
no contingent
Disclosure of additional balance sheet notes explanatory [TextBlock] liabilities or
commitments outstanding
against the company.
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
shareholders
Percentage of share capital held by foreign company 43.50% 43.50%
Value of share capital held by foreign company 43,02,620 43,02,620
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 0 0
Number of person share application money received during year 0 0
Number of person share application money paid as at end of year 0 0
Number of person share application money received as at end of year 0 0
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
Net worth of company 3,066.69 6,363.66
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 0 0
Number of warrants converted into preference shares during period 0 0
Number of warrants converted into debentures during period 0 0
Number of warrants issued during period (in foreign currency) 0 0
Number of warrants issued during period (INR) 0 0
177
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of accounting policies, change in accounting policies and Textual information (72) Textual information (73)
changes in estimates explanatory [TextBlock] [See below] [See below]
Disclosure of general information about company [TextBlock] [See below] [See below]
178
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
2 Summary of significant accounting policies
a Basis of Preparation
The financial statements have been prepared in accordance with the Generally Accepted Accounting Principles
in India (Indian GAAP) to comply with the Accounting Standards specified under Section 133 of the Companies
Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India.
The accounting policies adopted in the preparation of financial statements have been consistently applied
except where a newly issued accounting standard is initially adopted or a revision to an existing accounting
standard requires a change in the accounting policy until now (hitherto) in use with those of previous year. There
is no change in accounting policy in the current year.
All assets and liabilities have been classified as current or non-current as per the Company’s normal operating
cycle, and other criteria set out in the Schedule III to the Companies Act, 2013. Based on the nature of business
and the time between the acquisition of assets for processing and their realization in cash and cash equivalents,
the Company has ascertained its operating cycle as 12 months for the purpose of current or non-current
classification of assets and liabilities.
The Company is a Small and Medium Sized Company (SMC) as defined in the General Instructions in respect
of Accounting Standards notified under the Companies Act, 2013. Accordingly, the Company has complied with
the Accounting Standards as applicable to a Small and Medium Sized Company.
b Use of estimates
The preparation of financial statements requires the management to make judgments, estimates and
assumptions that affect the reported amounts of revenues, expenses, assets and liabilities and disclosure of
contingent liabilities, at the end of the reporting period. Although, these estimates are based on the
management’s best knowledge of current events and actions, uncertainty about these assumptions and
estimates could result in the outcomes requiring a material adjustment to the carrying amounts of assets or
liabilities in future periods.
c Fixed assets
179
Tangible fixed assets are stated at cost, less accumulated depreciation and impairment losses, if any. Cost
comprises the purchase price, borrowing costs, if capitalization criteria are met and any cost attributable to
bringing the assets to its working condition for its intended use which includes taxes, freight, and installation and
allocated incidental expenditure during acquisition and exclusive of tax credit available to the Company.
When parts of an item of tangible assets have different useful lives, they are accounted for as separate items of
fixed asset.
Subsequent expenditure relating to fixed assets is capitalized only if such expenditure results in an increase in
the future benefits from such asset beyond its previously assessed standard of performance.
Intangible assets
An intangible asset is recognized when it is probable that the future economic benefits attributable to the asset
will flow to the enterprise and where its cost can be reliably measured. Intangible assets are stated at cost of
acquisition less accumulated amortization and impairment losses, if any. Cost comprises the purchase price and
any cost attributable to bringing the assets to its working condition for its intended use which includes taxes,
freight, and installation and allocated incidental expenditure during construction/ acquisition and exclusive of tax
credit available to the Company.
Subsequent expenditure relating to intangible fixed assets is capitalized only if such expenditure results in an
increase in the future benefits from such asset beyond its previously assessed standard of performance.
Based on management’s evaluation, useful life prescribed in Schedule II of the Companies Act, 2013 represent
actual useful life of fixed assets. The Company uses written down value method and the following useful lives to
provide depreciation of different class of its fixed assts.
(Useful
Class of Assets life In
years)
Computer 3
180
Furniture and fixtures 10
Office equipment 5
Vehicle 6-8
Depreciation on addition to tangible fixed assets is provided on pro-rata basis from the date the assets are ready
for intended use. Depreciation on sale/discard from tangible fixed assets is provided for upto the date of sale,
deduction or discard of tangible fixed assets as the case may be.
Amortization of intangible fixed assets has been calculated on straight line basis at the following rates, based on
management estimates, which in the opinion of the management are reflective of the estimated useful lives of
the Intangible fixed assets.
Useful
Class of Assets life (In
years)
Computer Software 3
Trademark 3
Amortization on addition to intangible fixed assets is provided on pro-rata basis from the date the assets are
ready for intended use. Amortization on sale/discard from intangible fixed assets is provided for upto the date of
sale, deduction or discard of intangible fixed assets as the case may be.
f Impairment of Assets
The carrying amounts of assets are reviewed at each balance sheet date if there is any indication of impairment
181
based on internal/external factors. An impairment loss is recognised wherever the carrying amount of an asset
exceeds its recoverable amount. The recoverable amount is the greater of the assets’ net selling price and value
in use. In assessing value in use, the estimated future cash flows are discounted to their present value at the
weighted average cost of capital.
After impairment, depreciation/amortization is provided on the revised carrying amount of the asset over its
remaining useful life.
g Borrowing Costs
Borrowing cost includes interest, amortization of ancillary costs incurred in connection with the arrangement of
borrowings and exchange differences arising from foreign currency borrowings to the extent they are regarded
as an adjustment to the interest cost.
Borrowing costs that are directly attributable to the acquisition, construction or production of an asset that takes
a substantial period of time to get ready for its intended use are capitalized. All other borrowing costs are
recognised as expenditure in the period in which they are incurred.
h Foreign currency translation
Initial recognition:
Foreign currency transactions are recorded in the reporting currency by applying the exchange rate between the
reporting currency and the foreign currency at the date of the transaction.
Conversion:
Foreign currency monetary items are reported using the closing rate. Non-monetary items which are carried in
terms of historical cost denominated in a foreign currency are reported using the exchange rate at the date of
the transaction; non-monetary items which are carried at fair value or other similar valuation denominated in a
foreign currency are reported using the exchange rates that existed when such values were determined.
Exchange differences:
Exchange differences arising on the settlement of monetary items or on reporting the Company’s monetary
items at rates different from those at which they were initially recorded during the year, or reported in previous
182
financial statements, are recognised as income or as expenses in the year in which they occur.
i Investments
Accounting treatment
Investments, which are readily realizable and intended to be held for not more than one year from the date on
which such investments are made, are classified as current investments. All other investments are classified as
long-term investments.
On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly
attributable acquisition charges such as brokerage, fees and duties. If an investment is acquired, or partly
acquired, by the issue of shares or other securities, the acquisition cost is the fair value of the securities issued.
If an investment is acquired in exchange for another asset, the acquisition is determined by reference to the fair
value of the asset given up or by reference to the fair value of the investment acquired, whichever is more
clearly evident.
Current investments are carried in the financial statements at lower of cost and fair value determined on an
individual investment basis. Long-term investments are carried at cost. However, provision for diminution in
value is made to recognize a decline other than temporary in the value of the investments.
On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged
or credited to the Statement of Profit and Loss.
Classification in the financial statements
Investments that are realisable within the period of twelve months from the balance sheet date are classified as
current investment. All other investments are classified as non-current investments.
j Revenue recognition
Revenue is recognised to the extent, that it is probable that the economic benefits will flow to the Company and
the revenue can be reliably measured.
183
Revenue from sale of goods
Revenue from sale of goods is recognised when the significant risks and rewards of ownership of the goods are
transferred to the buyer and are recorded net of trade discounts, rebates, sales tax, value added tax, goods and
services taxe and gross of excise duty.
Revenue from sale of services
Revenue from sale of services is recognized on rendering of services as per contractual terms and no significant
uncertainty exists as to its realization or collection.
Interest Income
Interest Income is recognised on a time proportion basis taking into account the amount outstanding and
applicable interest rate.
k Retirement and other employee benefits
Short term employee benefits
Short term employee benefits are recognized as an expense at the undiscounted amount in the profit and loss
account of the year in which related service is rendered.
Defined Contribution Plan
The Company makes defined contribution to Government for post retirement benefits, namely employee’s
provident scheme through provident fund commissioner and the company’s contribution are charged to revenue
every year.
The company has no further obligations under these plans beyond its monthly obligations.
184
Defined Benefit Plan- Gratuity
The Company provides for retirement benefits in the form of Gratuity. Benefits payable to eligible employees of
the company with respect to gratuity, a defined benefit plan is accounted for on the basis of an actuarial
valuation as at the Balance Sheet date. In accordance with the Payment of Gratuity Act, 1972, the plan provides
for lump sum payments to vested employees on retirement, death while in service or on termination of
employment an amount equivalent to 15 days basic salary for each completed year of service. Vesting occurs
upon completion of five years of service. The present value of such obligation is determined by the projected
unit credit method and adjusted for past service cost and fair value of plan assets as at the balance sheet date
through which the obligations are to be settled. The resultant actuarial gain or loss on change in present value of
the defined benefit obligation or change in return of the plan assets is recognised as an income or expense in
the Statement of Profit and Loss. The expected return on plan assets is based on the assumed rate of return of
such assets.
l Cash and cash equivalents
Cash and cash equivalents include cash in hand, demand deposits with banks, other short term highly liquid
investments with original maturities of three months or less.
m Inventories
Cost of traded goods, packing material is computed on a weighted-average basis. Cost includes purchase price,
(excluding those subsequently recoverable by the enterprise from the concerned revenue authorities), freight
inwards and other expenditure incurred in bringing such inventories to their present location and condition.
Provision of obsolescence on inventories is considered on the basis of management’s estimate based on

demand and market of the inventories.
Net realizable value is the estimated selling price in the ordinary course of business, less the estimated cost of
completion and the estimated costs necessary to make the sale. The comparison of cost and net realizable
value is made on item by item basis.
n Income taxes
Tax expense for the period comprises of current tax and Minimum alternate tax credit.
Provision for current tax is made on the basis of estimated taxable income for the current accounting year in
185
accordance with the Income-tax Act, 1961.
Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the
recognised amounts, and there is an intention to settle the asset and the liability on a net basis.
The deferred tax for timing differences between the book and tax profits for the year is accounted for, using the
tax rates and laws that have been substantively enacted as of the reporting date.
Deferred tax charge or credit reflects the tax effects of timing differences between accounting income and
taxable income for the period. The deferred tax charge or credit and the corresponding deferred tax liabilities or
assets are recognised using the tax rates that have been enacted or substantively enacted by the balance sheet
date. Deferred tax assets are recognised only to the extent there is reasonable certainty that the assets can be
realised in future; however, where there is unabsorbed depreciation or carry forward of losses, deferred tax
assets are recognised only if there is a virtual certainty of realization of such assets. Deferred tax assets are
reviewed at each balance sheet date and are written-down or written up to reflect the amount that is
reasonably/virtually certain (as the case may be) to be realised.
At each reporting date, the Company reassesses the unrecognized deferred tax assets, if any.
o Leases
As a Lessee:
Finance leases, which effectively transfers to the Company substantially all the risks and benefits incidental to
ownership of the leased item, are capitalized at the inception of the lease term at the lower of the fair value of
the leased property and present value of minimum lease payments. Lease payments are apportioned between
the finance charges and reduction of the lease liability so as to achieve a constant rate of interest on the
remaining balance of the liability. Finance charges are recognized as finance costs in the Statement of Profit
and Loss. Lease management fees, legal charges and other initial direct costs of lease are capitalized.
A leased asset is depreciated on a straight-line basis over the useful life of the asset assessed by the
management. However, if there is no reasonable certainty that the Company will obtain the ownership by the
end of the lease term, the capitalized asset is depreciated on a straight-line basis over the shorter of the
estimated useful life of the asset.
186
Leases, where the lessor effectively retains substantially all the risk and benefit of ownership of the leased item,
are classified as operating leases. Operating lease payments are recognized as an expense in the Statement of
Profit and Loss on a straight-line basis over the lease term.
p Contingent Liability, Provisions and Contingent Asset
The Company creates a provision when there is present obligation as a result of a past event that probably
requires an outflow of resources and a reliable estimate can be made of the amount of obligation.
A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that
probably will not require an outflow of resources or where a reliable estimate of the obligation cannot be made.
Contingent assets are neither recorded nor disclosed in the financial statements.
q Earnings Per Share
Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity
shareholders (after deducting preference dividend and attributable taxes) by the weighted average number of
equity shares outstanding during the period. Partly paid equity shares are treated as a fraction of an equity
share to the extent that they are entitled to participate in dividends relative to a fully paid equity share during the
reporting period.
The weighted average numbers of equity shares are adjusted for events such as bonus issue, bonus element in
the rights issue, share split and reverse share split (consolidation of shares) that have changed the number of
equity shares outstanding, without corresponding change in resources.
r Segment Reporting
The company is engaged in trading of agricultural inputs like crop nutrition, crop protection, seeds and
hardware. The company operates in one geographical segment i.e. India so no segment is reported.
187
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
2. Summary of significant accounting policies
a. Basis of Preparation
The financial statements have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP) under the
historical cost convention on an accrual basis in compliance with all material aspects of the Accounting Standards (AS) notified under section 133
of the Companies Act 2013, read together with Rule 7 of the Companies (Accounts) Rules 2014. The accounting policies adopted in the
preparation of financial statements have been consistently applied except where a newly issued accounting standard is initially adopted or a
revision to an existing accounting standard requires a change in the accounting policy until now (hitherto) in use with those of previous year.
There is no change in accounting policy in the current year.
All assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle, and other criteria set out in
the Schedule III to the Companies Act, 2013. Based on the nature of business and the time between the acquisition of assets for processing and
their realization in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the purpose of current or
non-current classification of assets and liabilities.
The Company is a Small and Medium Sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified
under the Companies Act, 2013. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium
Sized Company.
b. Use of estimates
The preparation of financial statements requires the management to make judgments, estimates and assumptions that affect the reported amounts
of revenues, expenses, assets and liabilities and disclosure of contingent liabilities, at the end of the reporting period. Although, these estimates
are based on the management’s best knowledge of current events and actions, uncertainty about these assumptions and estimates could result in
the outcomes requiring a material adjustment to the carrying amounts of assets or liabilities in future periods.
c. Fixed assets
Tangible fixed assets are stated at cost, less accumulated depreciation and impairment losses, if any. Cost comprises the purchase price,
borrowing costs, if capitalization criteria are met and any cost attributable to bringing the assets to its working condition for its intended use
which includes taxes, freight, and installation and allocated incidental expenditure during acquisition and exclusive of tax credit available to the
Company.
When parts of an item of tangible assets have different useful lives, they are accounted for as separate items of fixed asset .
Subsequent expenditure relating to fixed assets is capitalized only if such expenditure results in an increase in the future benefits from such asset
beyond its previously assessed standard of performance.
Intangible assets
An intangible asset is recognized when it is probable that the future economic benefits attributable to the asset will flow to the enterprise and
where its cost can be reliably measured. Intangible assets are stated at cost of acquisition less accumulated amortization and impairment losses, if
any. Cost comprises the purchase price and any cost attributable to bringing the assets to its working condition for its intended use which includes
taxes, freight, and installation and allocated incidental expenditure during construction/ acquisition and exclusive of tax credit available to the
Company.
Subsequent expenditure relating to intangible fixed assets is capitalized only if such expenditure results in an increase in the future benefits from
such asset beyond its previously assessed standard of performance.
d. Depreciation on fixed asset
Based on management’s evaluation, useful life prescribed in Schedule II of the Companies Act, 2013 represent actual useful life of fixed assets.
The Company uses written down value method and the following useful lives to provide depreciation of different class of its fixed assts.
Year ended March 31, 2017 Year ended March 31, 2016
Particulars
(Useful life In years) (Useful life in years)
Computer 3 3
Furniture and fixtures 10 10
Office equipment 5 5
188
Vehicle 6-8 6-8
sale/discard from tangible fixed assets is provided for upto the date of sale, deduction or discard of tangible fixed assets as the case may be.
e. Amortization of Intangible fixed assets

Amortization of intangible fixed assets has been calculated on straight line basis at the following rates, based on management estimates, which in
the opinion of the management are reflective of the estimated useful lives of the Intangible fixed assets.
Particulars Useful life (In years)
Computer Software 3
Trademark 3
Amortization on addition to intangible fixed assets is provided on pro-rata basis from the date the assets are ready for intended use. Amortization
on sale/discard from intangible fixed assets is provided for upto the date of sale, deduction or discard of intangible fixed assets as the case may be.
f. Impairment of Assets
The carrying amounts of assets are reviewed at each balance sheet date if there is any indication of impairment based on internal/external factors.
An impairment loss is recognised wherever the carrying amount of an asset exceeds its recoverable amount. The recoverable amount is the greater
of the assets’ net selling price and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value at
the weighted average cost of capital.
After impairment, depreciation/amortization is provided on the revised carrying amount of the asset over its remaining useful life.
g. Borrowing Costs
Borrowing cost includes interest, amortization of ancillary costs incurred in connection with the arrangement of borrowings and exchange
differences arising from foreign currency borrowings to the extent they are regarded as an adjustment to the interest cost.
Borrowing costs that are directly attributable to the acquisition, construction or production of an asset that takes a substantial period of time to get
ready for its intended use are capitalized. All other borrowing costs are recognised as expenditure in the period in which they are incurred.
h. Foreign currency translation

Initial recognition:
Foreign currency transactions are recorded in the reporting currency by applying the exchange rate between the reporting currency and the foreign
currency at the date of the transaction.
Conversion:
Foreign currency monetary items are reported using the closing rate. Non-monetary items which are carried in terms of historical cost
denominated in a foreign currency are reported using the exchange rate at the date of the transaction; non-monetary items which are carried at fair
value or other similar valuation denominated in a foreign currency are reported using the exchange rates that existed when such values were
determined.
Exchange differences:
Exchange differences arising on the settlement of monetary items or on reporting the Company’s monetary items at rates different from those at
which they were initially recorded during the year, or reported in previous financial statements, are recognised as income or as expenses in the
year in which they occur.
i. Investments
Accounting treatment
Investments, which are readily realizable and intended to be held for not more than one year from the date on which such investments are made,
are classified as current investments. All other investments are classified as long-term investments.
189
On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly attributable acquisition charges such
as brokerage, fees and duties. If an investment is acquired, or partly acquired, by the issue of shares or other securities, the acquisition cost is the
fair value of the securities issued. If an investment is acquired in exchange for another asset, the acquisition is determined by reference to the fair
value of the asset given up or by reference to the fair value of the investment acquired, whichever is more clearly evident.
On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the Statement of
Profit and Loss.
Classification in the financial statements
Investments that are realisable within the period of twelve months from the balance sheet date are classified as current investment. All other
investments are classified as non-current investments.
j. Revenue recognition
Revenue is recognised to the extent, that it is probable that the economic benefits will flow to the Company and the revenue can be reliably
measured.
Revenue from sale of goods

Revenue from sale of goods is recognised when the significant risks and rewards of ownership of the goods are transferred to the buyer and are
recorded net of trade discounts, rebates, sales tax, value added tax and gross of excise duty.
Revenue from sale of services

Revenue from sale of services is recognized on rendering of services as per contractual terms and no significant uncertainty exists as to its
realization or collection.
Interest Income
Interest Income is recognised on a time proportion basis taking into account the amount outstanding and applicable interest rate.
k. Retirement and other employee benefits

Short term employee benefits
Short term employee benefits are recognized as an expense at the undiscounted amount in the profit and loss account of the year in which related
service is rendered.
Defined Contribution Plan

The Company makes defined contribution to Government for post retirement benefits, namely employee’s provident scheme through provident
fund commissioner and the company’s contribution are charged to revenue every year.
The company has no further obligations under these plans beyond its monthly obligations.
Defined Benefit Plan- Gratuity

The Company provides for retirement benefits in the form of Gratuity. Benefits payable to eligible employees of the company with respect to
gratuity, a defined benefit plan is accounted for on the basis of an actuarial valuation as at the Balance Sheet date. In accordance with the Payment
of Gratuity Act, 1972, the plan provides for lump sum payments to vested employees on retirement, death while in service or on termination of
employment an amount equivalent to 15 days basic salary for each completed year of service. Vesting occurs upon completion of five years of
service. The present value of such obligation is determined by the projected unit credit method and adjusted for past service cost and fair value of
plan assets as at the balance sheet date through which the obligations are to be settled. The resultant actuarial gain or loss on change in present
value of the defined benefit obligation or change in return of the plan assets is recognised as an income or expense in the Statement of Profit and
Loss. The expected return on plan assets is based on the assumed rate of return of such assets.
l. Cash and cash equivalents

Cash and cash equivalents include cash in hand, demand deposits with banks, other short term highly liquid investments with original maturities
of three months or less.
m. Inventories
Cost of traded goods, packing material is computed on a weighted-average basis. Cost includes purchase price, (excluding those subsequently
recoverable by the enterprise from the concerned revenue authorities), freight inwards and other expenditure incurred in bringing such inventories
to their present location and condition.
Provision of obsolescence on inventories is considered on the basis of management’s estimate based on demand and market of the inventories.
Net realizable value is the estimated selling price in the ordinary course of business, less the estimated cost of completion and the estimated costs
necessary to make the sale. The comparison of cost and net realizable value is made on item by item basis.
n. Income taxes
Tax expense for the period comprises of current tax and Minimum alternate tax credit.
Provision for current tax is made on the basis of estimated taxable income for the current accounting year in accordance with the Income-tax Act,
1961.
Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognised amounts, and there is an
intention to settle the asset and the liability on a net basis.
190
The deferred tax for timing differences between the book and tax profits for the year is accounted for, using the tax rates and laws that have been
substantively enacted as of the reporting date.
Deferred tax charge or credit reflects the tax effects of timing differences between accounting income and taxable income for the period. The
deferred tax charge or credit and the corresponding deferred tax liabilities or assets are recognised using the tax rates that have been enacted or
substantively enacted by the balance sheet date. Deferred tax assets are recognised only to the extent there is reasonable certainty that the assets
can be realised in future; however, where there is unabsorbed depreciation or carry forward of losses, deferred tax assets are recognised only if
there is a virtual certainty of realization of such assets. Deferred tax assets are reviewed at each balance sheet date and are written-down or written
up to reflect the amount that is reasonably/virtually certain (as the case may be) to be realised.
At each reporting date, the Company reassesses the unrecognized deferred tax assets, if any.
o. Leases
As a Lessee:
Finance leases, which effectively transfers to the Company substantially all the risks and benefits incidental to ownership of the leased item, are
capitalized at the inception of the lease term at the lower of the fair value of the leased property and present value of minimum lease payments.
Lease payments are apportioned between the finance charges and reduction of the lease liability so as to achieve a constant rate of interest on the
remaining balance of the liability. Finance charges are recognized as finance costs in the Statement of Profit and Loss. Lease management fees,
legal charges and other initial direct costs of lease are capitalized.
A leased asset is depreciated on a straight-line basis over the useful life of the asset assessed by the management. However, if there is no
reasonable certainty that the Company will obtain the ownership by the end of the lease term, the capitalized asset is depreciated on a straight-line
basis over the shorter of the estimated useful life of the asset.
Leases, where the lessor effectively retains substantially all the risk and benefit of ownership of the leased item, are classified as operating leases.
Operating lease payments are recognized as an expense in the Statement of Profit and Loss on a straight-line basis over the lease term.
p. Contingent Liability, Provisions and Contingent Asset

The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources and a
reliable estimate can be made of the amount of obligation.
A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that probably will not require an outflow
of resources or where a reliable estimate of the obligation cannot be made.
Contingent assets are neither recorded nor disclosed in the financial statements.
q. Earnings Per Share
Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders (after deducting
preference dividend and attributable taxes) by the weighted average number of equity shares outstanding during the period. Partly paid equity
shares are treated as a fraction of an equity share to the extent that they are entitled to participate in dividends relative to a fully paid equity share
during the reporting period.
The weighted average numbers of equity shares are adjusted for events such as bonus issue, bonus element in the rights issue, share split and
reverse share split (consolidation of shares) that have changed the number of equity shares outstanding, without corresponding change in
resources.
r. Segment Reporting
The company is engaged in trading of agricultural inputs like crop nutrition, crop protection, seeds and hardware. The company operates in one
geographical segment i.e. India so no segment is reported.
Disclosure of general information about company [Text Block]

The Company was registered on October 20, 2008 under the name Ulink Bioenergy Private Limited and on March 21, 2016 the Name of the
Company has been changed to Ulink Agritech Private Limited.
The Company is presently engaged in wholesale trading of agricultural inputs like crop nutrition, crop protection, seeds, hardware & electricals.
The Company is currently providing agricultural inputs in state of Gujarat, Maharashtra and Rajasthan.
191
Disclosure of general information about company [Text Block]

The Company was registered on October 20, 2008 under the name Ulink Bioenergy Private Limited and on March 21, 2016 the Name of the
Company has been changed to Ulink Agritech Private Limited. The Company is presently engaged in wholesale trading of agricultural inputs like
crop nutrition, crop protection, seeds, hardware & electricals. The Company is currently providing agricultural inputs in state of Gujarat,
Maharashtra and Rajasthan.
[201700] Notes - Government grants

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
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

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of employee benefits explanatory [TextBlock] [See below] [See below]
192
Disclosure of employee benefits explanatory [Text Block]
In accordance with the Accounting Standard-15 'Employee Benefits', the

31
Company has calculated the various benefits provided to employees as under:
A. Defined contribution plans
a) Provident fund
b) ESIC
c) Labour Welfare Fund
During the period the Company has recognized the following amounts in the
Statement of profit and loss:-
31st 31st
Particulars March, March,
2018 2017
Employers Contribution to Provident fund 37.88 27.62
ESIC 7.68 5.34
Labour Welfare Fund 0.12 0.19
B. Defined benefit plans and Other long term benefits
a) Contribution to gratuity funds – Employee’s gratuity fund
193
In accordance with Accounting Standard 15, an actuarial valuation was carried

out in respect of the aforesaid defined benefit plans based on the following
assumptions.
i Actuarial assumptions
Employee
Particulars gratuity
(Unfunded)
31st 31st
March, March,
2018 2017
Discount rate (per annum) 7.20% 7.00%
Expected Rate of increase in compensation levels 20.00% 10.00%
Expected Rate of return on plan assets. - -
Mortality Rate 0.99% 0.99%
Retirement age 58 58
Average attained age 29.36 28.48
Withdrawal Rate 32% 15%
The discount rate assumed as 7.20% per annum (Previous Year 7%) is
determined with reference to market yield as at the balance sheet date on
government bonds. The estimates considered for valuation wrt to future salary
hike is after taking into account the effect of inflation, seniority, promotion and
other relevant factors such as supply and demand in the employment market
Changes in the present value of the defined benefit obligation in respect of

ii. Gratuity (Unfunded) are as follows:
194
31st 31st
2018 2017
Present value obligation as at the beginning of the year 35.40 18.39
Interest cost 2.48 1.43
Current service cost 18.22 7.51
Past service cost 3.98 -
Benefits paid - -
Acquisition cost - -
Actuarial loss/(gain) on obligations -2.41 8.06
Present value of obligation as at the end of the year 57.67 35.40
Reconciliation of present value of defined benefit obligation and fair value of

iii
assets:
31st 31st
2018 2017
Present value obligation as at the end of the year 57.67 35.40
Fair value of plan assets as at the end of the year - -
Surpus/(deficit) Unfunded net liability (57.67) (35.40)
Unfunded net liability recognized in balance sheet 57.67 35.40
Amount classified as: - -
Long term provision (Refer note 7) 57.67 35.40
195
iv. Expenses recognized in Statement of profit and loss:
31st 31st
2018 2017
Current service cost (including risk premium for fully insured benefits) 18.22 7.51
Past service cost 3.98 -
Interest cost 2.48 1.43
Deficit in acquisition cost recovered - -
Expected return on plan assets - -
Net actuarial loss/(gain) recognized during the year (2.41) 8.06
Total expense recognised in Statement of profit and loss. 22.27 17.01
Net assets/liability and actuarial experience gain/(loss) for present benefit

v.
obligation (‘PBO’) and plan assets:
31st 31st 31st 31st 31st

Particulars March, March, March, March, March,
2018 2017 2016 2015 2014
PBO 57.67 35.40 18.39 8.19 -
Plan assets - - - - -
Net assets/(liability) (57.67) (35.40) (18.39) (8.19) -
Experience gain/(loss) on PBO (4.51) 6.30 (1.10) - -
Experience gain/(loss) on plan assets - - - - -
Actuarial gain due to change in assumptions - - - - -
196
197
Disclosure of employee benefits explanatory [Text Block]

30. In accordance with the Accounting Standard-15 'Employee Benefits', the Company has calculated the various benefits provided to employees
as under:
A. Defined contribution plans

a) Provident fund
b) ESIC
c) Labour Welfare Fund
During the period the Company has recognized the following amounts in the Statement of profit and loss:-
(Amount in Rs.)
Particulars 31st March, 2017 31st March, 2016
Employers Contribution to Provident fund 27,62,430 12,70,627
ESIC 5,34,113 3,28,972
Labour Welfare Fund 19,305 3,258
B. Defined benefit plans and Other long term benefits
a) Contribution to gratuity funds – Employee’s gratuity fund
In accordance with Accounting Standard 15, an actuarial valuation was carried out in respect of the aforesaid defined benefit plans based on the
following assumptions.
i. Actuarial assumptions
Particulars Employee gratuity (Unfunded)
- 31st March, 2017 31st March, 2016
Discount rate (per annum) 7.00% 7.80%
Expected Rate of increase in compensation levels 10.00% 10.00%
Expected Rate of return on plan assets. - -
Mortality Rate 0.9944% 0.9944%
Retirement age 58 58
198
Average attained age 28.86 28.86
Withdrawal Rate 15% 15%
The discount rate assumed is 7% per annum (Previous Year 7.8 %) which is determined by reference to market yield at the Balance Sheet date on
government bonds. The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and
other relevant factors, such as supply and demand in the employment market.
ii. Changes in the present value of the defined benefit obligation in respect of Gratuity (Unfunded) are as follows:
Particulars 31 March 2017 31 March 2016
Present value obligation as at the beginning of the year 18,39,288 8,18,811
Interest cost 1,43,464 60,280
Current service cost 7,50,730 8,50,745
Benefits paid 0 (1,21,154)
Acquisition cost - -
Actuarial loss/(gain) on obligations 8,06,387 2,30,606
Present value obligation as at the end of the year 35,39,869 18,39,288
iii. Reconciliation of present value of defined benefit obligation and fair value of assets:
Present value obligation as at the end of the year 35,39,869 18,39,288
Fair value of plan assets as at the end of the year - -
Surpus/(deficit) Unfunded net liability (35,39,869) (18,39,288)
Unfunded net liability recognized in balance sheet 35,39,869 18,39,288
Amount classified as: - -
199
Short term provision (Refer note 06) 2,04,469 1,62,271
Long term provision (Refer note 06) 33,35,400 16,77,017
iv. Expenses recognized in Statement of profit and loss:
Current service cost (including risk premium for fully insured benefits) 7,50,730 8,50,745
Interest cost 1,43,464 60,280
Deficit in acquisition cost recovered - -
Expected return on plan assets - -
Net actuarial loss/(gain) recognized during the year 8,06,387 2,30,606
Total expense recognised in Statement of profit and loss. 17,00,581 11,41,631
v. Net assets/liability and actuarial experience gain/(loss) for present benefit obligation (‘PBO’) and plan assets:
Particulars 31 March 2017 31 March 2016 31 March 2015 31 March 2014 31 March 2013
PBO 35,39,869 18,39,288 8,18,811 - -
Plan assets - - - - -
Net assets/(liability) (35,39,869) (18,39,288) (8,18,811) - -
Experience gain/(loss) on PBO 6,30,130 (1,09,647) - - -
Experience gain/(loss) on plan assets - - - - -
Actuarial gain due to change in assumptions - - - - -
200
[300400] Notes - Employee share-based payments

01/04/2017
to
31/03/2018
Disclosure of notes on employee share-based payment arrangements explanatory Textual information (78)
201
Disclosure of notes on employee share-based payment arrangements explanatory [Text Block]
33 Employee Share Stock Option Plan:-
The company has below share based payment arrangement-
Employee Stock Option Employee Stock

Type of Arrangement
Plan Option Plan
Date of Grant 1st Oct, 2017 1st April, 2017
Number of Options Granted 7600 8812
Contractual Life 8 Years 9 years
Vesting of Options
Vesting of Options would be subject to
would be subject to continued
continued employment employment with the
Vesting Conditions
with the Company and Company and
performance of performance of
company & individual. company &
individual.
The estimated fair value of each stock option granted in the

general employee stock option plan is Rs. 902. This was
calculated by applying the Black-Scholes Model. The model
inputs were share price at grant date of Rs 910, Exercise price of
Rs 10, expected volatility of zero, expected life of 3 years, Risk
free Interest Rate of 6.46%.
The estimated fair value of each share granted in the stock plan is
Rs 902.
Details of Stock Option Plan are as follow –
202
Weighted
Avg.
Particulars No.of Options
Exercise
Price
Outstanding at the start of year 29,110 0
Granted during the year 16,412 10
Forfeited during the year 11,329 0
Exercised during the year 0 0
Outstanding at the end of the year 34,193 10
Exercisable at the end of the year 0 0
- Other information regarding employee share-based payment

plan is as below:-
As at
Particulars As at March 31, 2018 March
31, 2017
Expense arising from employee stock option plan 59.81 11.89
[201800] Notes - Borrowing cost

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on borrowing costs explanatory [TextBlock] [See below]
Accounting policy adopted for borrowing costs [See below] [See below]
203
Disclosure of notes on borrowing costs explanatory [Text Block]
5 Borrowings
As at
As at
March
Particulars March
31,
31, 2018
2017
Long Term
borrowings
(Secured)
- From
financial 1,500.00 -
institutions
Total non
current 1,500.00 -
borrowings
Less:-
Current
maturities of
long term 620.69 -
borrowings
(Refer note
9)
Non-current
879.31 -
borrowings
Movement in
5(i) long term
borrowings
As at
As at
March
Particulars March
31,
31, 2018
2017
204
Term Term
Loan Loan
At the
beginning of - -
the year
New loans 1,500.00 -
Repayments - -
Other
- -
transfers
At the end of
1,500.00 -
the year
Details of
Repayment
5(ii)
of
borrowings
As at
As at
March
Particulars March
31,
31, 2018
2017
Term Term
Loan* Loan
Upto 1 year 620.69 -
Between 1-2
620.69 -
years
Between 2-3
258.62 -
years
Between 3-4
- -
years
Between 4-5
- -
years
More than 5
- -
years
205
Total 1,500.00 -
*Last date of
repayment of
this loan is
31 July 2020
Nature of
Security in
case of
5(iii)
secured
long-term
borrowings
Particulars Nature of Security
The hypothecated goods consist of borrower's right, tilte and interest in the existing,
future, fixed, non-current assets including any and all intellectual property and the
intellectual property rights with respect to these movables present and future accounts,
Borrowings cash-flow, receivables, book debts, revenue, equipment, inventory, contract rights,
from-Innoven leases, license agreement, franchise agreement, goodwill, uncalled capital, general
Capital India intangibles, documents, instruments, cash, deposit accounts, letter of credit rights,
Pvt Ltd securities and all other investment properties, financial assets whether owned or not or
held by other party or in transit.
Accounting policy adopted for borrowing costs

g Borrowing Costs Borrowing cost includes interest, amortization of ancillary costs incurred in connection with the arrangement of borrowings
and exchange differences arising from foreign currency borrowings to the extent they are regarded as an adjustment to the interest cost.
Accounting policy adopted for borrowing costs

g. Borrowing Costs Borrowing cost includes interest, amortization of ancillary costs incurred in connection with the arrangement of borrowings
and exchange differences arising from foreign currency borrowings to the extent they are regarded as an adjustment to the interest cost.
206
[201300] Notes - Segments

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of enterprise's reportable segments explanatory [TextBlock] [See below] [See below]
Disclosure of enterprise's reportable segments explanatory [Text Block]

Disclosure of enterprise's reportable segments explanatory [Text Block]

[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] 1 2
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of relationship and transactions between
related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
SHARDUL
SHARDUL
Name of related party SITANSHU SHETH SITANSHU SHETH RAJENDRA
RAJENDRA SHETH
SHETH
Country of incorporation or residence of related
INDIA INDIA INDIA INDIA
party
Permanent account number of related party AMDPS0103K AMDPS0103K AAOPS1934M AAOPS1934M
Key Management Key Management Key Management Key Management
Description of nature of related party relationship Personnel Personnel Personnel Personnel
Description of nature of transactions with related Directors Directors Directors Directors
party Remuneration Remuneration Remuneration Remuneration
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 54.18 36 54.1 36
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
207

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on related party explanatory [TextBlock] [See below] [See below]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company No No
208
Disclosure of notes on related party explanatory [Text Block]
32 Related Party Disclosures
In accordance with the requirement of Accounting Standard (AS)- 18 on “Related Party

Disclosures’' the name of the related parties where control exists or are able to exercise
significant influence along with the aggregate transactions/year end balances with them as
identified and certified by the management are given below:
(a) Names of the Related Parties and Related Party Relationship
i. Other related parties with whom transactions have been taken place during the period:
Key Management Personnel
Name Designation
Wholetime
Sitanshu Sheth
Director
Wholetime
Shardul Rajendra Sheth
Director
(b) Transactions with the Related Parties
Compensation of Key management personnel #
For the
Year
ended
March
31,
2018
209
Shardul Sitanshu
Particulars
Sheth Sheth
Short Term Benefits 54.18 54.10
Total of Compensation of Key management personnel 54.18 54.10
Outstanding as on March 31, 2018 3.32 3.00
# doesn't include the provision for Gratuity as these are provided at the company level.
For the
Year
ended
March
31,
2017
Shardul Sitanshu
Particulars
Sheth Sheth
Short Term Benefits 36.00 36.00
Total of Compensation of Key management personnel 36.00 36.00
Outstanding as on March 31, 2017 2.96 2.14
210
Disclosure of notes on related party explanatory [Text Block]

31. Related Party Disclosures
In accordance with the requirement of Accounting Standard (AS)- 18 on “Related Party Disclosures’ the names of the related parties where
control exists /able to exercise significant influence along with the aggregate transactions/year end balances with them as identified and certified
by the management are given below:
(a) Names of the Related Parties and Related Party Relationship
i. Other related parties with whom transactions have been taken place during the period:
Relationship Name of Party
1. Shardul Sheth
Key Management Personnel and their relative:
2. Sitanshu Sheth
(b) Transactions with the Related Parties

(Amount in Rs.)
Directors Remuneration 72,00,000 70,00,000
(c) Outstanding balances

(Amount in Rs.)
Remuneration Payable 5,10,652 1,30,770
211
[201400] Notes - Leases
Disclosure of minimum operating lease payments by lessee [Table] ..(1)

Later than one year and not later than
Maturity [Axis] Not later than one year [Member]
five years [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of finance lease and operating lease by
lessee [Abstract]
Disclosure of operating lease by lessee [Abstract]
Disclosure of minimum operating lease payments
by lessee [Abstract]
Disclosure of operating lease by lessee
[LineItems]
Minimum operating lease payments payable 128.81 94.13 150.56 264.89

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of leases explanatory [TextBlock] [See below] [See below]
Whether any operating lease has been converted to financial lease or
No No
vice-versa
212
Disclosure of leases explanatory [Text Block]
30 Leases
The Company has taken premises an operating lease for the period of one to five years. The expenses of
such lease rentals recognised in the statement of Profit and loss for the year ended March 31, 2018 is Rs.
156.79 Lakhs (year ended 31st March, 2017: Rs. 139.18 Lakhs)
Future minimum rentals payable under non-cancellable operating leases are as follows:
31st 31st
2018 2017
Within one year 128.81 94.13
After one year but not more than five years 150.56 264.89
More than five years Nil Nil
213
Disclosure of leases explanatory [Text Block]

29. Leases
Future minimum rentals payable under non-cancellable operating leases are as follows:
(Amount in Rs.)
31st March, 2017 31st March, 2016
Within one year 9,413,163 8,964,918
After one year but not more than five years 26,488,766 35,901,929
More than five years Nil Nil
[300300] Notes - Earnings per share

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of earnings per share explanatory [TextBlock] [See below] [See below]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Adjustments of numerator to calculate diluted earnings per share [Abstract]
214
Disclosure of earnings per share explanatory [Text Block]
29 Earnings per Share (EPS)
Year ended March 31, Year ended March 31,

Particulars
2018 2017
Basic
Profit after tax (Rs. in lakhs) (3,356.77) (2,431.86)
Weighted average number of equity shares outstanding during the year

989,184 822,635
(In no's)
Basic Earnings Per Share (339.35) (295.62)
Diluted
Profit after tax (Rs. in lakhs) (3,356.77) (2,431.86)
Weighted average number of equity shares outstanding during the year

989,184 822,635
(In no's)
Effect of dilutive issue of stock options and convertible preference shares

1,040,996 654,836
(In no's)
Weighted average number of equity shares outstanding for diluted EPS

2,030,180 1,477,471
(In no's)
Diluted Earnings per share (Anti-Dilutive) (165.34) (164.60)
Diluted Earnings Per Share (339.35) (295.62)
215
Disclosure of earnings per share explanatory [Text Block]

Earnings per Share (EPS) (Amount in Rs.)
Profit/ (loss) after tax (24,31,86,001) (9,05,99,755)
Less : dividends on convertible preference shares & tax thereon - -
Net profit/ (loss) for calculation of basic EPS (24,31,86,001) (905,99,755)
Continuing operations
Profit/ (loss) after tax (24,31,86,001) (905,99,755)
Less : dividends on convertible preference shares & tax thereon - -
Net profit/(loss) for calculation of basic EPS (24,31,86,001) (905,99,755)
Weighted average number of equity shares in calculating basic EPS 8,23,102 8,18,856
Basic EPS
Computed on the basis of profit from continuing operations (295.45) (110.64)
Computed on the basis of total profit for the year (295.45) (110.64)
216
[202800] Notes - Subsidiary information

01/04/2017
to
31/03/2018
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
Number of subsidiary companies 0
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

01/04/2017
to
31/03/2018
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
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2017
to
31/03/2018
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
[202100] Notes - Other provisions, contingent liabilities and contingent assets

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
There are There are
no contingent no contingent
Disclosure of notes on other provisions, contingent liabilities and
liabilities or liabilities or
contingent assets explanatory [TextBlock] commitments outstanding commitments outstanding
against the company. against the company.
217
[202700] Notes - Cash flow statements

01/04/2017 01/04/2016
to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of cash flow statement explanatory [TextBlock] [See below] [See below]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 347.24 175.75 488.36
Total cash and cash equivalents 347.24 175.75
Income taxes paid (refund) [Abstract]
Total income taxes paid (refund) 0 0
218
Disclosure of cash flow statement explanatory [Text Block]
Cash Flow Statement for the year ended 31st March 2018
(All Amounts in INR lakhs,unless otherwise stated)
For the Year For the Year

Particulars endedMarch endedMarch
31, 2018 31, 2017
Cash Flow from Operating activities
Profit before tax (3,356.77) (2,431.86)
Adjustments for:
Employee stock option scheme 59.80 11.89
Depreciation and amortization expenses 79.88 59.73
Interest expenses 113.60 9.67
Interest income (71.66) (87.33)
Net gain on sale of mutual funds (132.35) (7.52)
Provision for doubtful debts - 5.36
Loss /(Gain) on write off of fixed assets - (0.72)
Provisions no longer required and credit balances written back - (4.08)
Operating Cash flows before working capital changes (3,307.50) (2,444.86)
Changes in working capital
219
Increase (Decrease) in trade payables 286.44 321.41
Increase (Decrease) in long term liabilities 12.58 32.34
Increase (Decrease) in long term provisions 22.27 18.63
Increase (Decrease) in other current liabilities (6.21) (81.69)
(Increase) / Decrease in trade receivables (340.52) (319.92)
(Increase) / Decrease in inventories 1.41 70.43
(Increase) in short term loans and advances (374.58) (319.10)
(Increase) in other current assets - 199.94
(Increase) in long term loans & advances (8.01) (25.18)
Cash generated from /(used in) operations (3,714.12) (2,548.00)
Income tax paid (Net of refund) - -
Net cash flows from /(used in) operating activities (A) (3,714.12) (2,548.00)
Cash flow from Investing activities
Purchase of fixed assets, including movemet in CWIP and capital advances (148.99) (49.45)
Proceeds from Sale of Fixed Assets - 2.01
Purchase of mutual funds (9,282.00) (9,678.00)
Redemption of mutual funds 12,765.65 4,724.63
Fixed Deposit held for more than three months (not treated as cash & cash equivalent)
- Fixed deposits Placed (1,634.00) -
220
- Fixed deposits Matured 696.57 35.76
Interest income received 85.35 121.11
Net cash flow from /(used in) investing activities (B) 2,482.58 (4,843.94)
Cash flow from Financing activities
Proceeds from issuance of equity share capital - 1.20
Proceeds from issuance of preference share capital - 7,087.80
Proceeds from long-term borrowings (net) 1,500.00 -
Interest paid (96.97) (9.67)
Net cash flow from /(used in) financing activities (C) 1,403.03 7,079.33
Net increase / (decrease) in cash and cash equivalents (A+B+C) 171.49 (312.61)
Cash and cash equivalents at the beginning of the year 175.75 488.36
Cash and cash equivalents at the end of the year 347.24 175.75
Notes :
1. The above Cash flow statement has been prepared under the indirect method set out in
Accounting Standard-3, "Cash Flow Statement" notified under section 133 of the Companies Act
2013, read together with paragraph 7 of the Companies (Accounts) Rules 2014.
2. Notes to the financials statements are an integral part of the Cash Flow Statement.
221
Disclosure of cash flow statement explanatory [Text Block]
ULINK AGRITECH PRIVATE LIMITED
(Formerly known as Ulink BioEnergy Private Limited)
Cash Flow Statement for the year ended 31st March 2017
31-03-17 31-03-16
() ()
Cash Flow from Operating activities
Profit before tax (243,186,001) (90,599,755)
Adjustments for:
Employee stock option scheme 1,189,335 -
Provision for doubtful debts 535,879 122,741
Depreciation and amortization expenses 5,972,990 3,451,927
Interest expenses 966,828 3,015,508
Interest income (8,801,643) (11,590,227)
(Gain) on Mutual Fund (752,148) -
Loss /(Gain) on write off of fixed assets (72,392) -
Operating Profit before working capital changes (244,147,153) (95,599,805)
Changes in working capital
Increase (Decrease) in trade payables 7,437,743 5,721,462
222
Increase (Decrease) in long term liabilities 938,958 186,007
Increase (Decrease) in long term provisions 1,658,383 931,247
Increase (Decrease) in other current liabilities 18,991,198 8,008,814
Increase (Decrease) in short term provisions (365,737) 126,011
(Increase) / Decrease in trade receivables (31,991,831) (7,166,893)
(Increase) / Decrease in inventories 7,043,416 (3,133,733)
(Increase) in short term loans and advances (4,523,397) (2,011,343)
(Increase) in other current assets (7,163,403) (6,263,530)
(Increase) in long term loans & advances (2,517,500) (4,602,290)
Cash generated from /(used in) operations (254,639,324) (103,804,053)
Income tax paid (Net of refund) 161,016 250,648
Net cash flows from /(used in) operating activities (A) (254,800,340) (103,553,405)
Cash flow from Investing activities
Purchase of fixed assets, including movemet in CWIP and capital advances (4,944,707) (10,908,396)
Proceeds from Sale of Fixed Assets 200,500
Gain from Sale of Mutual Funds 752,148 -
Investments in bank deposits (having original maturity of more than three months) 3,576,135 (68,446,370)
Net cash flow from /(used in) investing activities (B) (415,924) (79,354,766)
Cash flow from Financing activities
Proceeds from issuance of equity share capital 120,028 133,610
223
Proceeds from issuance of preference share capital 708,779,598 239,866,025
Proceeds from long-term borrowings (net) - (12,369,376)
Proceeds from cast credit (net) - (5,613,223)
Interest paid (966,828) (3,015,508)
Interest Received 12,111,411 5,952,314
Net cash flow from /(used in) financing activities (C) 720,044,209 224,953,842
Net increase / (decrease) in cash and cash equivalents (A+B+C) 464,827,945 42,045,671
Cash and cash equivalents at the beginning of the year 48,836,047 6,790,376
Cash and cash equivalents at the end of the year 513,663,991 48,836,047
Cash and cash equivalents comprise (Refer note 16)
Balances with banks
On current accounts 7,446,324 2,827,944
Deposits with original maturity of less than three months 10,033,758 46,000,000
Investment in Liquid Mutual Funds 496,089,299 -
Cash on hand 94,609 8,103
Total cash and bank balances at end of the year 513,663,991 48,836,047
Notes :
1. The above Cash flow statement has been prepared under the indirect method set out in
Accounting Standard-3, "Cash Flow Statement" notified under section 133 of the Companies Act
2013, read together with paragraph 7 of the Companies (Accounts) Rules 2014.
2. Notes to the financials statements are an integral part of the Cash Flow Statement.
224
[100200] Statement of profit and loss

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
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 4,571.93 2,580.67
Revenue from sale of services 655.81 441.93
Total revenue from operations other than finance company 5,227.74 3,022.6
Total revenue from operations 5,227.74 3,022.6
Other income 213.46 101.85
Total revenue 5,441.2 3,124.45
Expenses [Abstract]
Cost of materials consumed 0 0
Purchases of stock-in-trade (A) 4,292.06 (B) 2,269.7

Changes in inventories of finished goods, work-in-progress and
0 76.79
stock-in-trade
Employee benefit expense 1,641.71 1,122.76
Finance costs 113.6 9.67
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense (C) 73.24 (D) 53.9
Amortisation expense (E) 6.64 (F) 5.83
Total depreciation, depletion and amortisation expense 79.88 59.73
CSR expenditure 0 0
Other expenses 2,670.72 2,017.66
Total expenses 8,797.97 5,556.31
Total profit before prior period items, exceptional items, extraordinary
-3,356.77 -2,431.86
items and tax
Total profit before extraordinary items and tax -3,356.77 -2,431.86
Total profit before tax -3,356.77 -2,431.86
Tax expense [Abstract]
Current tax 0 0
Total tax expense 0 0
Total profit (loss) for period from continuing operations -3,356.77 -2,431.86
Profit (loss) from discontinuing operations before tax 0 0
Tax expense of discontinuing operations 0 0
Total profit (loss) for period before minority interest -3,356.77 -2,431.86
Profit (loss) of minority interest 0 0
Total profit (loss) for period -3,356.77 -2,431.86
Earnings per equity share [Abstract]
Basic earning per equity share (G) [INR/shares] (H) [INR/shares]

-339.35 -295.45
Diluted earnings per equity share (I) [INR/shares] (J) [INR/shares]

-339.35 -295.45
Nominal value of per equity share [INR/shares] 10 [INR/shares] 10
225
Footnotes
(A)
Particulars For the Year endedMarch 31, 2018
Purchases during the year 4,292.06
Details:
Agri-Chemicals 625.53
Hardware & Electricals 1,755.14
Seeds 1,911.39
Total 4,292.06
(B)
Purchases during the year 2,269.70
Details:
Agri-Chemicals 297.18
Hardware & Electricals 1,342.32
Seeds 630.20
Total 2,269.70
(C) Depreciation on tangible assets (Refer note 10)

(D) Depreciation on tangible assets (Refer note 10)
(E) Amortization on intangible assets (Refer note 11)
(F) Amortization on intangible assets (Refer note 11)
226
(G) Earnings per equity share [Nominal value per share Rs.10 (previous year Rs.10)
(H) Earnings per equity share [Nominal value per share Rs.10 (previous year Rs.10)
(I) Earnings per equity share [Nominal value per share Rs.10 (previous year Rs.10)
(J) Earnings per equity share [Nominal value per share Rs.10 (previous year Rs.10)
227
[300500] Notes - Subclassification and notes on income and expenses

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Subclassification and notes on income and expense explanatory [TextBlock] [See below] [See below]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross (A) 4,571.93 (B) 2,580.67
Total revenue from sale of products 4,571.93 2,580.67
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Revenue from sale of services, gross 655.81 441.93
Total revenue from sale of services 655.81 441.93
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on long-term investments [Abstract]
Interest on fixed deposits, long-term investments 71.66 87.33
Total interest income on long-term investments 71.66 87.33
Total interest income 71.66 87.33
Dividend income [Abstract]
Total dividend income 0 0
Net gain/loss on sale of investments [Abstract]
Net gain/loss on sale of current investments 132.35 7.52
Total net gain/loss on sale of investments 132.35 7.52
Other non-operating income [Abstract]
Surplus on disposal, discard, demolishment and destruction of
0 0.72
depreciable tangible asset
Interest on income tax refund 0 0.68
Excess provisions written back 0

(C) 4.08
Miscellaneous other non-operating income (D) 9.45 (E) 1.52
Total other non-operating income 9.45 7
Total other income 213.46 101.85
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense long-term loans [Abstract]
Interest expense long-term loans, banks 88.79 0
Total interest expense long-term loans 88.79 0
Interest expense other borrowings (F) 0.02 (G) 6.59

Total interest expense 88.81 6.59
Other borrowing costs (H) 24.79 (I) 3.08

Total finance costs 113.6 9.67
Employee benefit expense [Abstract]
Salaries and wages 1,396.83 963.83
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 54.18 54.1
Total remuneration to directors 54.18 54.1
Total managerial remuneration 54.18 54.1
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others (J) 45.68 (K) 33.16
Total contribution to provident and other funds 45.68 33.16
Expense on employee stock option scheme and employee stock purchase plan (L) 59.8 (M) 11.89
Gratuity 22.27 17.01
Staff welfare expense 62.95 42.77
228
Total employee benefit expense 1,641.71 1,122.76

Breakup of other expenses [Abstract]
Consumption of stores and spare parts (N) 129.28 (O) 68.47
Power and fuel 41.34 26.19
Rent 156.79 139.18
Repairs to building 0 0
Repairs to machinery 0 0
Insurance 2.11 0.92
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes (P) 51.4 (Q) 84.07
Total rates and taxes excluding taxes on income 51.4 84.07
Telephone postage (R) 170.98 (S) 204.03

Printing stationery 9.64 12.1
Travelling conveyance (T) 201.54 (U) 124.17

Legal professional charges 41.72 191.64
Training recruitment expenses (V) 25.89 (W) 18.49

Safety security expenses (X) 15.05 (Y) 13.28
Directors sitting fees 0 0
Advertising promotional expenses (Z) 460.46 (AA) 409.17

Cost repairs maintenance other assets (AB) 168.9 (AC) 107.62
Cost transportation [Abstract]
Cost freight 92.2 35.23
Cost other transporting (AD) 576.62 (AE) 444.54

Total cost transportation 668.82 479.77
Provision bad doubtful debts created 0

(AF) 5.36
Provision bad doubtful loans advances created 0 0
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0 0
Bad debts written off 0 0
Bad debts advances written off 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 5.5 4
Payment for taxation matters 1 1
Total payments to auditor 6.5 5
Miscellaneous expenses (AG) 520.3 (AH) 128.2

Total other expenses 2,670.72 2,017.66
Current tax [Abstract]
Total current tax 0 0
229
Footnotes
(A)
Sale of Products
Details:
Crop nutri business 318.72
Crop protection business 417.51
Hardware sales 1,802.03
Seeds business 2,033.67
Total 4,571.93
(B)
Sale of Products
Details:
Crop nutri business 204.77
Crop protection business 127.46
Hardware sales 1,582.07
Seeds business 666.37
Total 2,580.67
230
(C)
Provisions no longer required and credit balances written back
(D) Miscelleneous income

(E) Miscelleneous income
(F) Interest expense On bank cash credit
(G) Interest expense On bank cash credit
(H) Bank charges - INR 3.79 & Loan processing fees - INR 21.00
(I) Bank charges - INR 3.08 & Loan processing fees - INR 0.00
(J) Contribution to Provident, ESIC and Other Funds
(K) Contribution to Provident, ESIC and Other Funds
(L) Expenses on Employee stock option scheme (ESOP)
(M) Expenses on Employee stock option scheme (ESOP)
(N) Consumption - Consumable and Packing Material
(O) Consumption - Consumable and Packing Material
(P) Rates and taxes
(Q) Rates and taxes
(R) Communication expenses
(S) Communication expenses
(T) Travelling expenses
(U) Travelling expenses
(V) Recruitment Expenses
(W) Recruitment Expenses
(X) Security Expenses
(Y) Security Expenses
(Z) Advertisement and publicity
(AA) Advertisement and publicity
(AB) Repairs and maintenance : - Computers and Softwares - INR 158.37 & - Others - INR 10.53
(AC) Repairs and maintenance : - Computers and Softwares - INR 98.44 & - Others - INR 9.18
(AD) Shipping & Money Collection Expense
(AE) Shipping & Money Collection Expense
(AF) Provision for Doubtful Debts
(AG)
Subcontracting costs 418.35
Warehouse Expenses 17.83
Loss in transit 43.34
Office Expenses 26.87
Miscellaneous expenses 13.91
(AH)
231
Subcontracting costs 87.09
Warehouse Expenses 20.32
Loss in transit -
Office Expenses 9.71
Miscellaneous expenses 11.08
232
Subclassification and notes on income and expense explanatory [Text Block]
20 Revenue from Operations
For the Year endedMarch 31, For the Year endedMarch 31,
Particulars
2018 2017
Sales of products
- Traded goods [Refer note 20(a)] 4,571.93 2,580.67
Sale of Services 655.81 441.93
Total 5,227.74 3,022.60
20(a) Particulars
2018 2017
Sale of Products
Details:
Crop nutri business 318.72 204.77
Crop protection business 417.51 127.46
233
Hardware sales 1,802.03 1,582.07
Seeds business 2,033.67 666.37
Total 4,571.93 2,580.67
21 Other income
Particulars
2018 2017
Interest income
Interest income on
- Bank deposits 71.66 87.33
-Income tax refund - 0.68
Net gain on sale of mutual funds 132.35 7.52
Other non-operating income
Profit on sale of fixed assets - 0.72
Provisions no longer required and credit balances

- 4.08
written back
Miscelleneous income 9.45 1.52
Total 213.46 101.85
234
22 Purchases of stock-in-trade
Particulars
2018 2017
Purchases during the year 4,292.06 2,269.70
Details:
Agri-Chemicals 625.53 297.18
Hardware & Electricals 1,755.14 1,342.32
Seeds 1,911.39 630.20
Total 4,292.06 2,269.70
23 Changes in inventories
Particulars
2018 2017
Inventories at the beginning of the year:
Stock-in-trade - 76.79
235
(I) - 76.79
Inventories at the end of the year:
Stock-in-trade - -
(II) - -
(Increase)/decrease - 76.79
24 Employee benefits expense
Particulars
2018 2017
Salaries, wages and bonus 1,451.01 1,017.93
Expenses on Employee stock option scheme (ESOP) 59.80 11.89
Gratuity expenses 22.27 17.01
Contribution to Provident, ESIC and Other Funds 45.68 33.16
Staff welfare expenses 62.95 42.77
Total 1,641.71 1,122.76
236
25 Finance cost
Particulars
2018 2017
Interest expense
On bank cash credit 0.02 6.59
On loans 88.79 -
Bank charges 3.79 3.08
Loan processing fees 21.00 -
Total 113.60 9.67
26 Depreciation and amortization expense
Particulars
2018 2017
Depreciation on tangible assets (Refer note 10) 73.24 53.90
Amortization on intangible assets (Refer note 11) 6.64 5.83
237
Total 79.88 59.73
27 Other Expenses
Particulars
2018 2017
Subcontracting costs 418.35 87.09
Consumption - Consumables and Packing Material 129.28 68.47
Freight 92.20 35.23
Shipping & Money Collection Expense 576.62 444.54
Warehouse Expenses 17.83 20.32
Advertisement and publicity 460.46 409.17
Communication expenses 170.98 204.03
Rent 156.79 139.18
Power and fuel 41.34 26.19
Rates and taxes 51.40 84.07
Travelling expenses 201.54 124.17
Insurance 2.11 0.92
Recruitment Expenses 25.89 18.49
238
Repairs and maintenance
- Computers and Softwares 158.37 98.44
- Others 10.53 9.18
Legal and professional charges 41.72 191.64
Auditor's remuneration (Refer note 27(a) below) 6.50 5.00
Provision for doubtful debts - 5.36
Loss in transit 43.34 -
Printing & Stationery 9.64 12.10
Security Expenses 15.05 13.28
Office Expenses 26.87 9.71
Miscellaneous expenses 13.91 11.08
Total Other expenses 2,670.72 2,017.66
27(a) Details of payment to auditors
Particulars
2018 2017
As auditors:
Statutory audit fees 5.50 4.00
239
Tax audit fees 1.00 1.00
Total 6.50 5.00
240
Subclassification and notes on income and expense explanatory [Text Block]
19 Revenue from operations 31-03-17 31-03-16
Sale of products () ()
Traded goods 258,067,128 124,200,926
Sale of Services 44,193,371 17,824,712
Revenue from operations 302,260,499 142,025,638
20 Other income 31-03-17 31-03-16
() ()
Interest income 8,733,254 11,577,164
Interest on Income Tax Refund 68,389 13,063
Net gain on sale of investments 752,148 -
Profit on Sale of Fixed Assets 72,392 -
Reversal of Leave encashment provision 407,935 -
Miscellaneous income 150,687 1,251
Total other income 10,184,805 11,591,478
241
21 Purchases of stock-in-trade 31-03-17 31-03-16
() ()
Purchases during the year 226,970,113 106,405,473
Details:
Agri-Chemicals 29,718,057 6,459,824
Hardware & Electricals 134,231,750 67,127,978
Seeds 63,020,306 32,817,670
Total 226,970,113 106,405,473
22 Changes in inventories of stock-in trade 31-03-17 31-03-16
() ()
Stock-in-trade 7,679,344 4,941,860
(I) 7,679,344 4,941,860
Stock-in-trade - 7,679,344
(II) - 7,679,344
242
(Increase)/decrease in inventories of finished goods, work-in-progress and stock-in-trade 7,679,344 (2,737,485)
Details of closing inventory of: 31-03-17 31-03-16
Traded goods () ()
Agri-Chemicals - 2,011,338
Hardware & Electricals - 4,743,469
Seeds - 924,537
Total - 7,679,344
23 Employee benefits expense 31-03-17 31-03-16
() ()
Salaries, wages and other allowances 94,974,721 38,483,653
Gratuity expenses 1,700,581 1,141,631
Leave encashment expenses - 201,476
Bonus expenses 9,198,613 3,796,488
Contribution to Provident, ESIC and Other Funds 3,315,848 2,459,733
Staff welfare expenses 4,277,276 2,040,982
243
Total Employee benefits expense 113,467,039 48,123,963
24 Finance cost 31-03-17 31-03-16
() ()
Interest expense
On bank cash credit 658,836 206,085
On loans - 2,299,667
Bank charges 307,992 236,756
Loan processing fees - 273,000
Total Finance cost 966,828 3,015,508
25 Depreciation and amortization expense 31-03-17 31-03-16
() ()
on tangible assets (Refer note 09) 5,390,184 3,330,104
on intangible assets (Refer note 10) 582,806 121,823
Total Depreciation and amortization expense 5,972,990 3,451,927
26 Other Expenses 31-03-17 31-03-16
() ()
Advertisement and publicity 36,279,205 14,220,008
244
Bad Debts - 124,465
Business promotion expenses 4,638,270 3,274,908
Communication expenses 20,403,267 3,289,288
Duties and Taxes 8,406,506 3,517,102
Freight 3,522,881 1,758,986
Insurance 92,103 222,821
Labour Charges 7,518,001 1,909,591
Legal and professional charges 19,263,670 10,495,626
Power and fuel 2,618,956 1,298,081
Printing and Stationery 1,209,591 869,037
Provision for Doubtful Debts 535,879 122,741
Recruitment Expenses 1,848,915 1,843,826
Rent 13,917,754 6,806,803
Repairs and maintenance - Others 918,155 1,030,154
Security Expenses 1,328,217 544,303
Auditor's remuneration (Refer note below) 400,000 700,000
Shipping & Money Collection Expense 44,453,618 17,669,364
Software Subscription Expenses 9,844,238 2,701,587
Travelling expenses 12,417,050 8,620,117
Consumption - Consumable and Packing Material 6,847,442 2,822,509
Warehouse Expenses 2,031,533 671,597
245
Office Expenses 970,792 394,404
Miscellaneous expenses 1,108,948 1,050,166
Total Other expenses 200,574,991 85,957,484
Note : The following is the break-up of Auditors remuneration (exclusive of service tax)
31-03-17 31-03-16
As auditor: () ()
Statutory audit fees 400,000 300,000
In other capacity (Specify nature):
Other Certification - 400,000
Total 400,000 700,000
246
[300600] Notes - Additional information statement of profit and loss

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Additional information on profit and loss account explanatory [TextBlock]
Changes in inventories of stock-in-trade 0
(A) 76.79
Total changes in inventories of finished goods, work-in-progress and
0 76.79
stock-in-trade
Revenue other services 655.81 441.93
Total gross income from services rendered 655.81 441.93
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
Total earnings in foreign currency 0 0
Domestic sale traded goods 4,571.93 2,580.67
Total domestic turnover goods, gross 4,571.93 2,580.67
Total revenue from sale of products 4,571.93 2,580.67
Domestic revenue services 655.81 441.93
Total revenue from sale of services 655.81 441.93
Gross value of transaction with related parties as per AS-18 108.27 72
Bad debts of related parties as per AS-18 0 0
247
Footnotes
(A)
Stock-in-trade 76.79
76.79
Stock-in-trade -
(Increase)/decrease 76.79
[300100] Notes - Revenue

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of revenue explanatory [TextBlock] [See below] [See below]
Description of accounting policy for recognition of revenue [See below] [See below]
248
Disclosure of revenue explanatory [Text Block]
20 Revenue from Operations
Particulars For the Year endedMarch 31, 2018 For the Year endedMarch 31, 2017
Sales of products
- Traded goods [Refer note 20(a)] 4,571.93 2,580.67
Sale of Services 655.81 441.93
Total 5,227.74 3,022.60
20(a) Particulars For the Year endedMarch 31, 2018 For the Year endedMarch 31, 2017
Sale of Products
Details:
Crop nutri business 318.72 204.77
Crop protection business 417.51 127.46
249
Hardware sales 1,802.03 1,582.07
Seeds business 2,033.67 666.37
Total 4,571.93 2,580.67
250
Disclosure of revenue explanatory [Text Block]
19 Revenue from operations 31-03-17 31-03-16
Sale of products () ()
Traded goods 258,067,128 124,200,926
Sale of Services 44,193,371 17,824,712
Revenue from operations 302,260,499 142,025,638
20 Other income 31-03-17 31-03-16
() ()
Interest income 8,733,254 11,577,164
Interest on Income Tax Refund 68,389 13,063
Net gain on sale of investments 752,148 -
Profit on Sale of Fixed Assets 72,392 -
Reversal of Leave encashment provision 407,935 -
Miscellaneous income 150,687 1,251
Total other income 10,184,805 11,591,478
251
Description of accounting policy for recognition of revenue

j Revenue recognition Revenue is recognised to the extent, that it is probable that the economic benefits will flow to the Company and the
revenue can be reliably measured. Revenue from sale of goods Revenue from sale of goods is recognised when the significant risks and rewards
of ownership of the goods are transferred to the buyer and are recorded net of trade discounts, rebates, sales tax, value added tax, goods and
services taxe and gross of excise duty. Revenue from sale of services Revenue from sale of services is recognized on rendering of services as per
contractual terms and no significant uncertainty exists as to its realization or collection. Interest Income Interest Income is recognised on a time
proportion basis taking into account the amount outstanding and applicable interest rate.
Description of accounting policy for recognition of revenue

j. Revenue recognition Revenue is recognised to the extent, that it is probable that the economic benefits will flow to the Company and the
revenue can be reliably measured. Revenue from sale of goods Revenue from sale of goods is recognised when the significant risks and rewards
of ownership of the goods are transferred to the buyer and are recorded net of trade discounts, rebates, sales tax, value added tax and gross of
excise duty. Revenue from sale of services Revenue from sale of services is recognized on rendering of services as per contractual terms and no
significant uncertainty exists as to its realization or collection. Interest Income Interest Income is recognised on a time proportion basis taking into
account the amount outstanding and applicable interest rate.
[300700] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Key managerial personnels and directors [Axis] 1 2 3 4
01/04/2017 01/04/2017 01/04/2017 01/04/2017
to to to to
31/03/2018 31/03/2018 31/03/2018 31/03/2018
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]
SHARDUL SITANSHU
NOSHIR DADY MEENAKSHI
Name of key managerial personnel or director RAJENDRA RAJENDRA
COLAH SUNDARAM
SHETH SHETH
Director identification number of key managerial
03107336 02334074 02272595 01096264
personnel or director
Date of birth of key managerial personnel or
11/07/1978 25/01/1982 13/01/1961 18/06/1961
director
Designation of key managerial personnel or director Whole Time Director Whole Time Director Nominee Director Nominee Director
Qualification of key managerial personnel or
MBA MBA MBA CA
director
Shares held by key managerial personnel or director [shares] 2,71,368 [shares] 2,71,368 [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 54.18 54.1
Gross salary to key managerial personnel or
54.18 54.1 0 0
director
Total key managerial personnel or director
54.18 54.1 0 0
remuneration
252
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(2)
Key managerial personnels and directors [Axis] 5 6
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
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]
PRASHANTH
Name of key managerial personnel or director PRAKASH
ABHIJIT MHETRE
Director identification number of key managerial personnel or director 00041560

Permanent account number of key managerial personnel or director ANZPM2609R
Date of birth of key managerial personnel or director 29/05/1965 30/03/1985
Designation of key managerial personnel or director Director Company Secretary
Qualification of key managerial personnel or director M.Sc. CS
Shares held by key managerial personnel or director [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 3.74
Gross salary to key managerial personnel or director 0 3.74
Total key managerial personnel or director remuneration 0 3.74
[301000] Notes - Corporate social responsibility

01/04/2017
to
31/03/2018
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
No
company
Prescribed CSR expenditure 0
Amount CSR to be spent for financial year 0
Amount unspent CSR 0
253

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ULINK AGRITECH PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[400100] Disclosure of general information about company

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

[400400] Disclosures - Directors report

Details of shareholding pattern [Table] ..(1)

Details of shareholding pattern [Table] ..(2)

Details of shareholding pattern [Table] ..(3)

Details of shareholding pattern [Table] ..(4)

Details of shareholding pattern [Table] ..(5)

Details of shareholding pattern [Table] ..(6)

Details of shareholding pattern of top 10 shareholders [Table] ..(1)

Details of shareholding pattern of top 10 shareholders [Table] ..(2)

Details of shareholding pattern of top 10 shareholders [Table] ..(3)

Details of shareholding pattern of top 10 shareholders [Table] ..(4)

Details of shareholding pattern of top 10 shareholders [Table] ..(5)

Details of shareholding pattern of top 10 shareholders [Table] ..(6)

Details of shareholding pattern of top 10 shareholders [Table] ..(7)

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

Details of change in promoters’ shareholding [Table] ..(1)

Details of change in promoters’ shareholding [Table] ..(2)

Details of shareholding of promoters [Table] ..(1)

Details of indebtedness of company [Table] ..(1)

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

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

Particulars For the Financial Year Ended

March 31, 2018 March 31, 2017

Revenue from Operations and other income 5,441.20 3,124.45

Total Expenditure 8,797.97 5,556.31

Adjustments for extraordinary / exceptional items -

Profit Before Tax (3,356.77) (2,431.86)

Less: Tax Expenses:

- Tax expenses for earlier years - -

- Deferred Tax (Credit)/charge - -

Profit After Tax (3,356.77) (2,431.86)

Surplus carried to Balance Sheet (3,356.77) (2,431.86)

Earnings per equity share (Amt. per share)

- Basic (339.35) (295.62)

- Diluted (339.35) (295.62)

State of Company's Affairs and Future Outlook:

Change in Nature of Business, if any.

The details of the Directors of the Company are asunder:

Particulars / Name of Date of Date of No. of shares held in the

Mr. ShardulSheth Whole-time 11/07/1978 MBA 15/06/2010 271,368

Mr. Prashanth Prakash Director 29/05/1965 M. Sc. 02/03/2017 -

Meetings of the Board of Directors:

The details of Director’s attendances are as under:

1. Mr. ShardulSheth Whole-time Director 06

2. Mr. SitanshuSheth Whole-time Director 06

3. Mr. NoshirDady Colah Nominee Director 06

4. Mr. T.C. Meenakshisundaram Nominee Director 06

5. Mr. Prashanth Prakash Director 06

Directors’ Responsibility Statement:

Auditors and Auditors’ Report:

Explanation as required under Sec 134(3)(f)(i) of the Companies Act, 2013 –

Extracts of Annual Returns:

Particulars of Loans Granted, Guarantee Provided and Investments Made:

Related Party Transactions:

Employee Stock Option Plan:

Sr. No. Particulars Options

a options granted 46,287

c options exercised / settled -

d the total number of shares arising as a result of exercise of option -