XBRL Financial Statements Duly Authenticated As Per Section 134 (Including Board

Autoliv AB
Standalone Financial Statements for period 01/04/2018 to 31/03/2019
[700300] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Corporate identity number U34300KA2000PTC056723
Permanent account number of entity AADCA6222E
Sy No 80/3, Chokkahalli
Village, Doddalluru Gram
Address of registered office of company Panchayat Bangalore
Rural Hosakote Bangalore
Rural 562114
Commercial and
Type of industry Industrial
Registration date 05/10/2000
Category/sub-category of company Non-govt company
Whether company is listed company No
Date of board meeting when final accounts were approved 04/09/2019
Period covered by financial statements 12 Months 12 Months
Date of start of reporting period 01/04/2018 01/04/2017
Date of end of reporting period 31/03/2019 31/03/2018
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Millions
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other relevant
Yes
books and papers in electronic form
Sy No 80/3, Chokkahalli
Complete postal address of place of maintenance of computer Village, Doddalluru Gram
servers (storing accounting data) Panchayat, Hosakote,
Karnataka - 562114.
Name of city of place of maintenance of computer servers (storing
Bangalore
accounting data)
Name of state/ union territory of place of maintenance of
Karnataka
computer servers (storing accounting data)
Pin code of place of maintenance of computer servers (storing
562114
accounting data)
Name of district of place of maintenance of computer servers
Bangalore
(storing accounting data)
ISO country code of place of maintenance of computer servers
+91
Name of country of place of maintenance of computer servers
India
Phone (with STD/ ISD code) of place of maintenance of computer
08030601300
servers (storing accounting data)
Whether books of account and other books and papers are maintained
No
on cloud
Autoliv AB Standalone Financial Statements for period 01/04/2018 to 31/03/2019
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] 1
01/04/2018
to
31/03/2019
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 8704
Description of product or service category Automobile Goods
Turnover of product or service category 15,955.32
Highest turnover contributing product or service (ITC 8 digit) code 87043190
Description of product or service Automobile Goods
Turnover of highest contributing product or service 14,445.68
[700600] Disclosures - Directors report
Details of shareholding pattern of top 10 shareholders [Table] ..(1)

Name of top 10 shareholder [Axis] Name of top 10 shareholder [Member]
Change in shareholding [Axis] Shareholding [Member]
31/03/2019 31/03/2018
Total number of shares held at end of period [shares] 78,09,917 [shares] 78,09,917
Percentage of total shares held at end of period 100.00% 100.00%
Details of shareholding pattern of top 10 shareholders [Abstract]
Details of shareholding pattern of top 10 shareholders [LineItems]
Particulars of holding, subsidiary and associate companies [Table] ..(1)

Particulars of companies [Axis] 1
01/04/2018
to
31/03/2019
Particulars of holding, subsidiary and associate companies [Abstract]
Particulars of holding, subsidiary and associate companies [LineItems]
Name of company Autoliv AB
Country of incorporation of company SWEDEN
GLN of company 556036-1981
Percentage of shares held 99.99%
2
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] 1 2
01/04/2018 01/04/2018
to to
31/03/2019 31/03/2019
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director Rajesh Joydeep
Middle name of director Kumar
Last name of director Ram Roy
Designation of director Director Managing Director
Director identification number of director 00814254 01051460
Date of signing board report 04/09/2019 04/09/2019
Details of indebtedness of company [Table] ..(1)

Secured loans excluding deposits
Indebtedness [Axis] Indebtedness [Member]
[Member]
01/04/2018 01/04/2018
to 31/03/2018 to 31/03/2018
31/03/2019 31/03/2019
Details of indebtedness of company [Abstract]
Details of indebtedness of company [LineItems]
Changes in indebtedness [Abstract]
Addition in indebtedness 1,856.21 19.48
Reduction in indebtedness 2,482.47
Total changes in indebtedness -626.26 19.48
Principal amount at end of financial year 1,408.52 2,032.84 27.46 7.98
Interest due but not paid at end of financial
0 0 0 0
year
Interest accrued but not due at end of
1.23 3.17 0 0
financial year
Total indebtedness at end of financial year 1,409.75 2,036.01 27.46 7.98
Details of indebtedness of company [Table] ..(2)

Indebtedness [Axis] Unsecured loans [Member]
01/04/2018
to 31/03/2018
31/03/2019
Details of indebtedness of company [LineItems]
Addition in indebtedness 1,836.73
Total changes in indebtedness -645.74
Principal amount at end of financial year 1,381.06 2,024.86
Interest due but not paid at end of financial year 0 0
Interest accrued but not due at end of financial year 1.23 3.17
Total indebtedness at end of financial year 1,382.29 2,028.03
3
Details of shareholding pattern [Table] ..(1)

Shareholding pattern [Axis] Shareholders [Member] Promoters [Member]
01/04/2018 01/04/2018
to 31/03/2018 to 31/03/2018
31/03/2019 31/03/2019
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] 78,09,917 [shares] 78,09,917 [shares] 78,09,917 [shares] 78,09,917
Total number of shares held at end of period [shares] 78,09,917 [shares] 78,09,917 [shares] 78,09,917 [shares] 78,09,917
Percentage of total shares held at end of period 100.00% 100.00% 100.00% 100.00%
Percentage of change in shares held during year 0.00% 0.00%
Percentage of total shares held at end of
100.00% 100.00% 100.00% 100.00%
period
100.00% 100.00% 100.00% 100.00%
period
Details of shareholding pattern [Table] ..(2)

Shareholding pattern [Axis] Foreign [Member] Foreign corporate bodies [Member]
01/04/2018 01/04/2018
to 31/03/2018 to 31/03/2018
31/03/2019 31/03/2019
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] 78,09,917 [shares] 78,09,917 [shares] 78,09,917 [shares] 78,09,917
100.00% 100.00% 100.00% 100.00%
period
100.00% 100.00% 100.00% 100.00%
period
4
Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Product/service 1
Principal business activities of company [Axis]
[Member]
01/04/2018
to
31/03/2019
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]
Manufacturing of
Name of main product/service Automobile Goods
Manufacturing of
Description of main product/service Automobile Goods
NIC code of product/service 29302
Percentage to total turnover of company 100.00%
5

01/04/2018
to 31/03/2018
31/03/2019
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair Reffer Text Block
Disclosure relating to amounts if any which is proposed to carry to any
Reffer Text Block
reserves
Disclosures relating to amount recommended to be paid as dividend Reffer Text Block
Details regarding energy conservation Reffer Text Block
Details regarding technology absorption Reffer Text Block
Benefits derived regarding technology absorption Reffer Text Block
Details regarding foreign exchange earnings and outgo Reffer Text Block
Disclosures in director’s responsibility statement Reffer Text Block
Details of material changes and commitment occurred during period
Reffer Text Block
affecting financial position of company
Refer Text
Particulars of loans guarantee investment under section 186 [TextBlock] block
Particulars of contracts/arrangements with related parties under section Refer Text
188(1) [TextBlock] block
Details of contracts/arrangements/transactions not at arm's length
basis [Abstract]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Details of material contracts/arrangements/transactions at arm's
length basis [Abstract]
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
04/09/2019
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Refer Text
[TextBlock] block
Details of principal business activities contributing 10% or more
of total turnover of company [Abstract]
Particulars of holding, subsidiary and associate companies [Abstract]
Number of demat shares held at end of period [shares] 0 [shares] 0
Number of physical shares held end of period [shares] 78,09,917 [shares] 78,09,917
Percentage of change in shares held during year 0.00%
Details of shareholding of promoters [Abstract]
Percentage of change in shares held during year 0.00%
Details of change in promoters shareholding [TextBlock]
Details of change in promoters’ shareholding [Abstract]
Details of shareholding pattern of top 10 shareholders [Abstract]
Details of shareholding pattern of directors and key managerial
personnel [TextBlock]
Details of shareholding pattern of directors and key managerial
personnel [Abstract]
Addition in indebtedness 1,856.21
Total changes in indebtedness -626.26
Principal amount at end of financial year 1,408.52 2,032.84
Interest due but not paid at end of financial year 0 0
Interest accrued but not due at end of financial year 1.23 3.17
6
Total indebtedness at end of financial year 1,409.75 2,036.01

Disclosure of statement on declaration given by independent directors Refer Text
under section 149(6) [TextBlock] block
Disclosure for companies covered under section 178(1) on
Refer Text
directors appointment and remuneration including other matters block
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk Refer Text
management policy [TextBlock] block
Details on policy development and implementation by company on
Refer Text
corporate social responsibility initiatives taken during year block
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Refer Text
Disclosure of financial summary or highlights [TextBlock] block
Refer Text
Disclosure of change in nature of business [TextBlock] block
Details of directors or key managerial personnels who were Refer Text
appointed or have resigned during year [TextBlock] block
Disclosure of companies which have become or ceased to be its
Refer Text
subsidiaries, joint ventures or associate companies during block
year [TextBlock]
Details relating to deposits covered under chapter v of companies act Refer Text
[TextBlock] block
Details of deposits which are not in compliance with requirements Refer Text
of chapter v of act [TextBlock] block
Details of significant and material orders passed by
Refer Text
regulators or courts or tribunals impacting going concern block
status and company’s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with Refer Text
reference to financial statements [TextBlock] block
Disclosure of other reasons if company fails to spend prescribed amount
Refer Text Block
on CSR
Disclosure of appointment and remuneration of director or Refer Text
managerial personnel if any, in the financial year [TextBlock] block
Details of remuneration of director or managerial personnel [Abstract]
Statement that remuneration is as per remuneration policy of company Reffer Text Block
Disclosure regarding issue of sweat equity shares [TextBlock]
Class of director or employee to whom sweat equity shares were issued Reffer Text Block
Class of shares issued as sweat equity shares Reffer Text Block
Reasons for issue of sweat equity shares Reffer Text Block
Principal terms and conditions for issue of sweat equity shares
Reffer Text Block
including pricing formula
Disclosure of receipt of commission by director from holding company or
Reffer Text Block
subsidiary company
Number of meetings of board 6
Details of signatories of board report [Abstract]
Name of director signing board report [Abstract]
7
Disclosure in board of directors report explanatory [Text Block]

BOARD’S REPORT
To:
The Members,
Autoliv India Private Limited
Your Directors have pleasure in presenting their Annual Report on the business and operations of the Company along with the Audited Financial
Statements for the Financial Year ended March 31, 2019.
COMPANY SPECIFIC INFORMATION :
Financial summary and highlights:
During the year under review, performance of your Company was as under:
Amount in MINR
PARTICULARS 31.03.2019 31.03.2018
Revenue from Operations 15955 13718
Other Income 90 95
Total Income 16045 13813
Total Expenses 15092 12558
Profit/Loss before Tax 953 1255
Less: Extraordinary Items - -
Less: Tax 338 452
Profit after Tax from Continuing Operations 615 803
Profit after Tax from Discontinuing Operations 486 131
Profit for the year 1101 934
Other Comprehensive income/(loss) (6) 4
Total Comprehensive income for the year 1095 938
Amount, if any, which the Board proposes to carry to any reserves:
8
Your Company has not transferred any amount to the reserves during the financial year 2018-19.
Dividend:
To conserve the resources of the Company, the Board of Directors of your Company does not recommend any dividend for the Financial Year
ended March 31, 2019.
Major events occurred during the year:
a) State of the Company’s affairs:
Your Company has continued to carry on its business of manufacturing in the field of automobile safety parts. There was no diversification of
business during the Financial year ended March 31, 2019. The production of cushions for usage in the airbags has been started in our Mysore
plant. Currently, your Board does not intend to venture into any new segment of business. Company slump sold its electronics business to M/s
Veoneer India Private Limited on the 1 st of April 2018.
There was an increase in net profits of your Company to an extent of MINR 157/-, from MINR 938/- during the Financial year ended March 31,
2018 to MINR 1095/- during the Financial year ended March 31, 2019.
Steps are being taken to further develop the business in future.
b) Change in the nature of business:
There was no change in the nature of the Business of your Company during the financial year ended March 31, 2019.
c) Material changes and commitments, if any, affecting the financial position of the company, having occurred since the end of the year and till
the date of the Report:
There have been no material changes and commitments affecting the financial position of your Company during the period after the end of the
period under review till the date of the Report.
Details of revision of financial statement or the Report:
Your Company has not revised any financial statements or Reports during the financial year under review.
GENERAL INFORMATION:
Overview of the Industry and important changes in the Industry during the last year:
Your Company carries on the business of manufacturing automobile safety components, parts and accessories.
External environment and economic outlook:
During the financial year under review there wasn’t much changes affecting the manufacturing Industry except that a general slowdown was seen
in the second half of the year in the auto industry.
Induction of strategic and financial partners during the year.
Your Company has not introduced any strategic or financial partners during the financial year under review.
CAPITAL AND DEBT STRUCTURE:
There was no change in the capital structure of your Company during the financial year under review.
Issue of shares or other convertible securities:
During the financial year under review your Company has not issued any securities and your Company has not made any allotment of securities
which are due for conversion.
Issue of equity shares with differential rights:
Your Company has not issued any equity shares with differential rights during the period under review.
Issue of Sweat Equity Shares:
Your Company has not issued sweat equity shares during the year under review.
Details of employee stock options:
9
Your Company has not issued employee stock options during the year under review. We have not considered the schemes of Autoliv Inc in
reporting under this section.
Shares held in trust for the benefit of employees where the voting rights are not exercised directly by the employees:
Your Company has not held any shares in trust for the benefit of employees during the financial year under review.
Issue of debentures, bonds or any non-convertible securities:
Your Company has not issued any debentures, bonds or any non-convertible securities during the year under review.
Issue of Warrants:
Your Company has not issued any Warrants during the year under review.
CREDIT RATING OF SECURITIES:
The equity shares of the Company are not listed on any stock exchange, hence, the Company is not required to obtain any credit rating for its
equity shares.
INVESTOR EDUCATION AND PROTECTION FUND (IEPF)
Your Company was not required to transfer any amount to Investor Education and Protection Fund during the financial year under review.
MANAGEMENT
Directors and Key Managerial personnel
During the financial year under review there were no changes in the management of the Company.
10
Following are the members constituting the Board of Directors as at March 31, 2019:
Sl. No. DIN/PAN Name of the Director Designation
1. 01051460 Joydeep Roy Managing Director
2. 00814254 Rajesh Kumar Ram Director and also CFO (KMP)
3. 07150220 Narasimha Murthy Tumkur Director
4. 07992514 Christian Herbert Antero Hanke Director
Key Managerial Persons (Other than those mentioned above) are listed below:
Sl. No. DIN/PAN Name of the Director Designation
1. ADZPG5095R Ashoka Gogate Company Secretary
Independent Directors:
As your Company is a private limited company, the provisions relating to appointment and reappointment of Independent Directors does not
apply to your Company.
Declaration by Independent Directors and statement on compliance of code of conduct:
As your Company is a private limited company, the provisions relating to Independent Directors does not apply to your Company.
Board Meetings:
During the Financial Year ended March 31, 2019, six (6) meetings of the Board of Directors of the Company were held. The meetings were held
on May 07, 2018, June 15, 2018,
September 21, 2018, September 29, 2018, January 23, 2019 and March 26, 2019.
Sl. No. Name of the Director No. of Meetings
Entitled to attend Attended in person
1. Rajesh Kumar Ram 6 6
2. Joydeep Roy 6 4
3. Narasimha Murthy Tumkur 6 6
4. Christian Herbert Antero Hanke 6 1
11
Note: Christian Herbert Antero Hanke attended 2 of the 6 meetings through skype calls. However, we have not considered the attendance through
skype call for reporting purposes.
Committees:
During the financial year under review your Company was not required to constitute any Committees.
Recommendations of Audit Committee:
Provisions relating to Section 177 of the Companies Act, 2013 is not applicable to your Company.
Company’s policy on Director’s appointment and remuneration:
Your Company being a private limited Company, provisions under this heading is not applicable.
Board Evaluation:
Remuneration of directors and employees of Listed Companies:
Remuneration received by Managing/ Whole time Director from holding or subsidiary Company
Your Company has not appointed any Managing/ Whole time Director during the financial year under review.
Directors’ Responsibility Statement:
Pursuant to requirements of Section 134 (3) (c) of the Companies Act, 2013 the Directors of the Company in respect of the year ended March 31,
2019 hereby confirm that:
in the preparation of the annual accounts for the year ended March 31, 2019, the applicable accounting standards had been followed along with
proper explanation relating to material departures, if any;
the Directors have selected such accounting policies and have 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;
the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of
Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
the annual accounts have been prepared on a going concern basis; and
a proper system has been devised to ensure compliance with the provisions of all applicable laws and that such systems were adequate and
operating effectively.
Internal Financial Controls:
The Company has maintained adequate Internal Financial Controls commensurate to the Company and the Auditors of the Company have
provided adequate disclosure pursuant to the provisions Section 143(3)(i) read with Rule 10A of the Companies (Audit and Auditors) Rules,
2014.
Frauds reported by the Auditors:
There were no frauds reported by the statutory auditors of your Company in their Auditors report for the financial year 2018-19.
DISCLOSURES RELATING TO SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES.
Your Company does not have any Subsidiaries, Joint Ventures and Associates.
DETAILS OF DEPOSITS.
Your Company has not accepted any deposits during the financial period under review.
PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS
12
There were no Loans, Guarantees or Investments made under Section 186 during the financial year under review.
PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES
There were no new contracts or arrangements referred to in Section 188 (1) of the Companies Act, 2013 for the financial year 2018-19.
All the contracts entered with various related parties are under normal course of business and the considerations are at arms’ length basis.
CORPORATE SOCIAL RESPONSIBILITY
A RESPONSIBILITY STATEMENT OF THE CSR COMMITTEE THAT THE IMPLEMENTATION AND MONITORING OF CSR POLICY,
IS IN COMPLIANCE WITH CSR OBJECTIVES AND POLICY OF THE COMPANY.
The CSR Committee hereby confirm that the implementation and monitoring of CSR Policy, is in compliance with CSR Objectives and Policy of
the Company.
Corporate Social Responsibility is a basic responsibility of the Company to ensure that both social and environmental aspects are considered
along with their business operations and interactions with their stakeholders. CSR in India has traditionally been seen as a philanthropic activity.
While the corporate hubs have been traditionally engaged in doing CSR activities voluntarily, the new CSR provisions put formal and greater
responsibility on companies to set out clear framework and process to ensure strict compliance.
The new Companies Act 2013 (hereinafter referred to as ‘the Act’), has introduced the idea of CSR to the forefront and through its
“Comply-or-Explain” mandate, it mandates qualifying companies to constitute Corporate Social Responsibility Committee to effectively monitor
CSR activities of the Company. Further the Companies (Corporate Social Responsibility Policy) Rules, 2014 (hereinafter referred to as “CSR
Rules”) lays down the framework and modalities of carrying out CSR activities which are specified in Schedule VII to the Act.
The Composition of the CSR Committee:

• Joydeep Roy, Managing Director as Chairman
• Rajesh Kumar Ram, Director as Member
• Narasimhamurthy Tumkur, Director as Member
Average net profit of the company for the last three financial years: MINR 487.61
Prescribed CSR Expenditure (two per cent of the amount as in item 3 above): MINR 09.75
Details of CSR spent during the financial year:

During the financial year 2018-19, INR 1.35 M was spent on CSR expenditure. We are in the process of identifying CSR projects to spend the
balance money and the same is expected to be spent in the financial year 2019-20.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:
Disclosure pursuant to Section 134(3)(m) of the Companies Act,2013:
a) Conservation of Energy:
The activities of your Company are not energy-intensive. However, proper care has/is been taken to utilize the energy at optimum level.
b) Technology Absorption:
Technology absorption is not applicable to your company due to the nature and size of the operations.
c) Foreign exchange earnings and Outgo:
The Foreign Exchange earned in terms of actual inflows during the financial year under review:
Earnings in foreign exchange: MINR 1,065/-

Expenditure in foreign currency: MINR 7,651/-
RISK MANAGEMENT:
Your Company has in place a mechanism to identify, access, monitor and mitigate various risk to the key business activities of the Company. The
risks identified are systematically addressed through mitigating actions on a continuous basis. The Company has been following the principle of
risk minimization as a norm. A risk register is maintained by the Company and the same is being reviewed periodically.
DETAILS OF ESTABLISHMENT OF VIGIL MECHANISM:
Provisions relating to establishment of vigil mechanism is not applicable to your Company. However, “Autoliv Helpline” created by the Autoliv
Group is a platform available to the people to raise any kind of concerns in relation to the Company, its employees etc.
MATERIAL ORDERS OF JUDICIAL BODIES/REGULATORS:
13
There are no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and company’s
operations in future.
STATUTORY AUDITORS:
The Statutory Auditors of the Company, Deloitte Haskins & Sells LLP (FRN: 117366W/W-100018) Chartered Accountants, Bengaluru, hold
office until the conclusion of the ensuing Annual General Meeting. The Directors recommend that Deloitte Haskins & Sells LLP (FRN:
117366W/W-100018) Chartered Accountants, Bengaluru be appointed as Statutory Auditors of the Company from the ensuing Annual General
Meeting till the Annual General Meeting to be held for the financial year 2019-20 subject to ratification by the members of the Company.
Accordingly, the appointment of Deloitte Haskins & Sells LLP (FRN: 117366W/W-100018) Chartered Accountants, Bengaluru, is placed before
the members for ratification at such remuneration as may be mutually agreed between the Board of Directors of the Company and Auditors.
SECRETARIAL AUDIT REPORT:
Secretarial Audit is not applicable to your Company.
EXPLANATIONS IN RESPONSE TO AUDITORS’ QUALIFICATIONS:
There are no qualification, reservation or adverse remark or disclaimer made by the Auditor for the financial year 2018-19.
COMPLIANCE WITH SECRETARIAL STANDARDS:
The Company has adopted and complied with the secretarial standards as prescribed by the Institute of Company Secretaries of India during the
financial year under review.
CORPORATE INSOLVANCY RESOLUTION PROCESS INITIATED UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016:
The Company has not initiated any corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.
FAILURE TO IMPLEMENT ANY CORPORATE ACTION:
Your Company has not failed to implement the corporate actions announced during the financial year under review.
ANNUAL RETURN:
In accordance with Section 134(3)(a) of the Companies Act, 2013 an extract of the annual return in the prescribed format is appended as
ANNEXURE 1 to the Board’s Report.
ADDITIONAL DISCLOSURES UNDER LISTING REGULATIONS:
Your Company being a private limited Company disclosure under this heading is not required.
DISCLOSURES PERTAINING TO THE SEXUAL HARASSMENT OF WOMEN AT THE WORKPLACE (PREVENTION, PROHIBITION
AND REDRESSAL) ACT, 2013:
The Sexual Harassment of Woman at Workplace (Prevention, Prohibition and Redressal) Act, requires every employer to comply with its
provisions and make a disclosure of the number of cases occurring under the Act pursuant to Section 22. There were no complaints/ cases that
have been filed /pending with the Company during the financial year under review .
ACKNOWLEDGEMENT:
Your Directors wish to place on record their appreciation and acknowledge with gratitude the support and co-operation extended by the
14
customers, suppliers, service providers, bankers, and look forward to their continued support. Your Directors also thank the employees of the
company, who, through their dedication, co-operation and support, have enabled the Company to achieve its goals.
For and on behalf of the Board of
_________________ ________________
Rajesh Kumar Ram

Joydeep Roy
Director
Managing Director
DIN: 00814254
DIN: 01051460
Residence: No.201, Sunflower Building, Flower Valley
Residence: Villa No C-20 Sy No. 89/1, Seegahalli
Society near Sacred Heart Town, Wanwadi,
village, Bidarahalli hobli, Bangalore – 560067
Pune – 411040
Date: 04 th
September
2019
Place:
Bengaluru
ANNEXURE 1
Form No. MGT-9
EXTRACT OF ANNUAL RETURN

as on the financial year ended on March 31, 2019
[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies
(Management and Administration) Rules, 2014]
I. REGISTRATION & OTHER DETAILS:
1. CIN U34300KA2000PTC056723
2. Registration Date October 05, 2000
3. Name of the Company Autoliv India Private Limited
15
4. Category/Sub-category of the Company Company Limited by shares
Address of the Registered office & contact Sy No 80/3, Chokkahalli Village, Doddalluru Gram Panchayat Bangalore
5.
details Rural , Hosakote , Bangalore – 562114
6. Whether listed Company No
Name, Address & contact details of Registrar &

Not Applicable
7. Transfer Agent, if any.
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

(All the business activities contributing 10 % or more of the total turnover of the company shall be stated)
NIC
% to
Code
total
Sl. of the
Name and Description of main products / services turnover
No. product
of the
/
company
service
Establishment and carrying on business of manufacturing, buying, selling, reselling, marketing, trading,
importing, exporting exchanging, hiring, distributing, supplying, sub-contracting, altering, improving,
Group
assembling, cleaning, servicing, shaping, laminating, reconditioning, renovating, designing, developing,
293
modifying, repairing, finishing and to act as stockists, franchisers, agents, brokers, lessors, warehouses,
Class
wholesalers, retailers, job workers or otherwise to deal in all types of varieties, models, shapes, sizes,
01 2930 100%
specifications, descriptions, applications, and uses of automobile components, parts and accessories
Sub
including steering wheels and safety components like safety air bags and systems for motor cars, trawlers,
–Class
trucks, tankers, buses, cars, race cars, defense vehicles, ambulances, tempos, tractors, motor lorries,
29302
omnibuses, vans, jeeps, three wheelers and other vehicles of all kinds and descriptions used for
transportation.
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES –
Name and Holding/

% of shares
Sl. No. Address of CIN/GLN Subsidiary/ Applicable Section
held
the Company Associate
Autoliv AB 556036-1981 Holding Company 99.99% 2 (46)

1
IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
Category-wise Shareholding:
Category of No. of shares held at the No. of shares held at the % Change during
16
Shareholders beginning of the year end of the year the year
% of
Demat Physical Total % of total shares Demat Physical Total total
shares
A. Promoter s
1. Indian
a) Individual/HUF -- -- -- -- -- -- -- -- --
b) Central Govt. -- -- -- -- -- -- -- -- --
c) State Govt. (s) -- -- -- -- -- -- -- -- --
d) Bodies Corp. -- -- -- -- -- -- -- -- --
e) Banks / FI -- -- -- -- -- -- -- -- --
f) Any Other…. -- -- -- -- -- -- -- -- --
Sub-total (A) (1):- -- -- -- -- -- -- -- -- --
2. Foreign
a) NRI- Individuals -- -- -- -- -- -- -- -- --
b) Other- Individuals -- -- -- -- -- -- -- -- --
c) Bodies Corp. -- 78,09,917 78,09,917 100% -- 78,09,917 78,09,917 100% --
d) Banks / FI -- -- -- -- -- -- -- -- --
e) Any Other ( held by NYT Capital LLC ) -- -- -- -- -- -- -- -- --
Sub-total (A) (2):- -- -- -- -- -- -- -- -- --
Total shareholding of the Promoter

-- 78,09,917 78,09,917 100% -- 78,09,917 78,09,917 100% --
(A) = (A)(1) + (A)(2)
17
B. Public Shareholding
1. Institutions
a) Mutual Funds -- -- -- -- -- -- -- -- --
b) Banks / FI -- -- -- -- -- -- -- -- --
c) Central Govt -- -- -- -- -- -- -- -- --
d) State Govt(s) -- -- -- -- -- -- -- -- --
e) Venture Capital Funds -- -- -- -- -- -- -- -- --
f) Insurance Companies -- -- -- -- -- -- -- -- --
g) FIIs -- -- -- -- -- -- -- -- --
h) Foreign Venture Capital Funds -- -- -- -- -- -- -- -- --
i) Others (specify) -- -- -- -- -- -- -- -- --
Sub-total (B)(1):- -- -- -- -- -- -- -- -- --
2. Non-Institutions
a) Bodies Corp
i) Indian -- -- -- -- -- -- -- -- --
ii) Overseas -- -- -- -- -- -- -- -- --
b) Individuals
i) Individual shareholders holding nominal share capital upto Rs. 1

-- -- -- -- -- -- -- -- --
Lakh
ii) Individual shareholders holding nominal share capital in excess

-- -- -- -- -- -- -- -- --
of Rs. 1 Lakh
18
c) Others (specify) -- -- -- -- -- -- -- -- --
Sub-total (B)(2):- -- -- -- -- -- -- -- -- --
Total Public shareholding (B)=(B)(1) + (B)(2) -- -- -- -- -- -- -- -- --
C. shares held by custodian for GDRs & ADRs -- -- -- -- -- -- -- -- --
Grand Total (A+B+C) -- 78,09,917 78,09,917 100% -- 78,09,917 78,09,917 100% --
Shareholding of Promoters:
Shareholding at Share holding at

Sl Shareholder’s % change in share
the beginning of the end of the
No. Name holding during the year
the year year
% of Shares
% of total % of Shares Pledged / % of total
No. of Pledged /
No. of Shares Shares of the encumbered to total Shares of the
Shares encumbered to total
company shares company
shares
78,09,916 99.99% -- 78,09,916 99.99% -- --

1 Autoliv AB
Autoliv East
1 0.01% -- 1 0.01% -- --
2 Europe AB
Total 78,09,917 100% -- 78,09,917 100% -- --
Change in Promoters’ Shareholding (please specify, if there is no change):
For each of the Shareholding at the beginning of Cumulative Shareholding during

Sl. No. Name of the Promoter
promoter the year the year
No. of % of total shares of the

No. of shares % of total shares of the company
shares company
Autoliv AB and At the

1. Autoliv East beginning 78,09,917 100% 78,09,917 100%
Europe AB of the year
19
Date wise Increase / Decrease in Promoters Share holding No change during

during the year specifying the reasons for increase / decrease the financial year
(e.g. allotment / transfer / bonus/ sweat equity etc): 2018-19 .
At the end of the year 78,09,917 100% 78,09,917 100%
Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):
Name of the For each of the top 10 Shareholding at the beginning Cumulative Shareholding
Sl. No.
shareholders shareholder of the year during the year
No. of % of total shares of the % of total shares of the

No. of shares
shares company company
At the beginning
-- -- -- -- --
of the year
Date wise Increase / Decrease in Share holding during the year specifying the reasons for increase /
-- -- -- --
decrease (e.g. allotment / transfer / bonus/ sweat equity etc):
At the end of the year

-- -- -- --
( or on the date of separation, if separated during the year)
At the end of the year

-- -- -- --
( or on the date of separation, if separated during the year)
Shareholding of Directors and Key Managerial Personnel:
Name of the For each of the Directors Shareholding at the beginning Cumulative Shareholding
Sl. No.
Director/KMP and KMP of the year during the year
No. of % of total shares of the % of total shares of the

No. of shares
shares company company
At the
1. beginning of -- -- -- --
the year
--
Date wise Increase / Decrease in Promoters Share holding during the year specifying the reasons for
-- -- -- --
increase / decrease (e.g. allotment / transfer / bonus/ sweat equity etc):
20
At the end of the year -- -- -- --
V. INDEBTEDNESS:
Indebtedness of the Company including interest outstanding/accrued but not due for payment
Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount 7.98 2024.86 -- 2032.84
ii) Interest due but not paid -- -- -- --
iii) Interest accrued but not due -- 3.17 -- 3.17
Total (i+ii+iii) 7.98 2028.02 -- 2036.00
Change in Indebtedness during the financial year
Addition 19.48 1836.73 -- 1856.21
Reduction -- 2482.47 -- 2482.47
Net Change 19.48 645.73 -- (626.25)
Indebtedness at the end of the financial year
i) Principal Amount 27.46 1381.06 -- 1408.52
ii) Interest due but not paid -- -- -- --
iii) Interest accrued but not due -- 1.23 -- 1.23
Total (i+ii+iii) 27.46 1382.29 -- 1409.75
21
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:

Remuneration to Managing Director, Whole-Time Directors and/or Manager:
Sl No Particulars of Remuneration
Joydeep Roy Rajesh Kumar Ram Narasimha Murthy T

Total Amount in MINR.
MD Director Director
1 Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income Tax Act,
23.22 11.26 6.70 41.18
1961
(b) Value of perquisites u/s 17(2) of the Income Tax Act, 1961 00.04 00.03 00.03 00.10
(c) Profit in lieu of salary u/s 17 (3) of Income Tax Act, 1961 - - - -
2 Stock Option - - - -
3 Sweat Equity - - - -
4 Commission
- as % of profit - - - -
- others, specify… - - - -
Others, please
5 - - - -
specify
Total (A) 23.26 11.29 6.73 41.28
22
Ceiling as per the Act - - -
B. Remuneration to other directors:
Sl No Particulars of Remuneration Name of the Directors Total Amount in MINR.
-- --
1 Independent Directors
Fee for attending board / committee meetings -- -- --
Commission -- -- --
Others, please specify -- -- --
Total (1) -- -- --
2 Other Non-Executive Directors
Fee for attending board / committee meetings -- -- --
Commission -- -- --
Others, please specify -- -- --
Total (2) -- -- --
Total (B) = (1)+(2) -- -- --
Total Managerial Remuneration = (A) + (B) -- -- --
23
Overall Ceiling as per the Act
REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD:
Sl No Particulars of Remuneration Key Managerial Personnel Total Amount in MINR.
CEO Company Secretary CFO
1 Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income Tax Act, 1961 - 2.73 - 2.73
(b) Value of perquisites u/s 17(2) of the Income Tax Act, 1961 - - - -
(c) Profit in lieu of salary u/s 17 (3) of Income Tax Act, 1961 - - - -
2 Stock Option - - - -
3 Sweat Equity - - - -
4 Commission
- as % of profit - - - -
- others, specify… - - - -
5 Others, please specify - - - -
Total - 2.73 - 2.73
Note: Remuneration to CEO and CFO is already covered under Remuneration to MD/WT Directors.
VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:
Details of Penalty /
Section of the Brief Punishment/ Authority [RD / NCLT/ Appeal made, if any (give
Type
Companies Act Description Compounding COURT] Details)
fees imposed
A. COMPANY
24
Penalty -- - - - -
Punishment - - - - -
Compounding - - - - -
B. DIRECTORS
Penalty - - - - -
C. OTHER OFFICERS
IN DEFAULT
Penalty - - - - -
For Autoliv India Private Limited
Rajesh Kumar Ram Joydeep Roy
Director Managing Director
Date: 4 th
September DIN: 00814254 DIN: 01051460
25
2019
Place: Address: No. 201, Sunflower Building, Flower Valley Society Address: Villa No C-20 Sy No. 89/1, Seegahalli
Bangalore Near Sacred Heart Town, Wanwadi, Pune - 411040 village, Bidarahalli hobli, Bangalore – 560067
FORM AOC-I
Statement containing salient features of the financial statement of subsidiaries / associate companies / joint ventures
Part “A”: Subsidiaries- NOT APPLICABLE
(Information in respect of each subsidiary to be presented with amount in Rs.)
1. Sl.No.
2. Name of the Subsidiary
3. Reporting period for the subsidiary concerned, if different from the holding company’s reporting period
4. Reporting currency and Exchange rate as on the last date of the relevant Financial year in the case of foreign subsidiaries.
5. Share capital (Rs.)
6. Reserves & surplus
7. Total assets
8. Total Liabilities
9. Investments
10. Turnover
11. Profit before taxation
12. Provision for taxation
13. Profit after taxation
14. Proposed Dividend
15. % of shareholding
The following information shall be furnished:-
Names of subsidiaries which are yet to commence operations –

2. Names of subsidiaries which have been liquidated or sold during the year-
Part “B”: Associates and Joint Ventures
Statement pursuant to section 129 (3) of the Companies Act, 2013 related to Associates and Joint Ventures- NOT APPLICABLE
26
Name of Associates/Joint Ventures Name 1 Name 2 Name 3
Latest audited Balance Sheet Date
2. Shares of Associate/Joint Ventures held by the

company on the year end
No.
Amount of Investment in Associates/Joint Venture
Extend of Holding %
3. Description of how there is significant influence
4. Reason why the associate/joint venture is not

consolidated
5. Net worth attributable to Shareholding as per latest audited Balance Sheet
6. Profit / Loss for the year

i. Considered in Consolidation
ii. Not Considered in Consolidation
The following information shall be furnished:-
Names of associates or joint ventures which are yet to commence operations
Names of associates or joint ventures which have been liquidated or sold during the year.

_________________
Rajesh Kumar Ram
Director
DIN: 00814254
Date: 4 th September 2019

Place: Bangalore
FORM NO. AOC-2

Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of
section 188 of the Companies Act, 2013 including certain arm’s length transactions under third proviso thereto
(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the
Companies (Accounts) Rules, 2014)
1. Details of contracts or arrangements or transactions not at arm's length basis: Not Applicable
(a) Name(s) of the related party and nature of relationship
(b) Nature of contracts/arrangements/transactions
(c) Duration of the contracts/arrangements/transactions
(d) Salient terms of the contracts or arrangements or transactions including the value, if any
(e) Justification for entering into such contracts or arrangements or transactions
27
(f) Date(s) of approval by the Board
(g) Amount paid as advances, if any:
(h) Date on which the special resolution was passed in general meeting as required under first
proviso to section 188.
2. Details of material contracts or arrangement or transactions at arm's length basis: Not Applicable
(a) Name(s) of the related party and nature of relationship:
(b) Nature of contracts/arrangements/transactions:
(c) Duration of the contracts/arrangements/transactions:
(d) Salient terms of the contracts or arrangements or transactions including the value, if any:
(e) Date(s) of approval by the Board, if any:
(f) Amount paid as advances, if any:

_________________
Rajesh Kumar Ram
Director
DIN: 00814254
Date: 4 th September 2019
Place: Bangalore
[700500] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] 1 2
01/04/2018 01/04/2018
to to
31/03/2019 31/03/2019
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director Joydeep Rajesh
Middle name of director Kumar
Last name of director Roy Ram
Designation of director Managing Director Director
Director identification number of director 01051460 00814254
Date of signing of financial statements by director 04/09/2019 04/09/2019

01/04/2018
to
31/03/2019
Name of company secretary Ashoka Gogate
Permanent account number of company secretary ADZPG5095R
Date of signing of financial statements by company secretary 04/09/2019
28
[700400] Disclosures - Auditors report
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark disclaimer remark applicable
[Member] [Member] [Member]
01/04/2018 01/04/2018 01/04/2018
to to to
31/03/2019 31/03/2019 31/03/2019
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]
The Company has
maintained proper
records showing full
Disclosure in auditors report relating to fixed assets particulars, including
quantitative details
and situation of fixed
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 Textual information
discrepancies of fixed assets (2) [See below]
Textual information
Disclosure relating to title deeds of immovable properties (3) [See below]
As explained to us,
the inventories were
physically verified
during the year by
the Management at
Disclosure in auditors report relating to inventories reasonable intervals
and no material
discrepancies were
noticed on physical
verification.
Textual information
Disclosure in auditors report relating to loans (4) [See below]
The Company has
not granted any
loans, made
investments or
Disclosure in auditors report relating to compliance with
provided guarantees
Section 185 and 186 of Companies Act, 2013 and hence reporting
under clause (iv) of
the Order is not
applicable.
Textual information
Disclosure in auditors report relating to deposits accepted (5) [See below]
The maintenance of
cost records has not
been specified by the
Disclosure in auditors report relating to maintenance of cost
Central Government
records under section 148(1)
of the Companies
Act, 2013.
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (6) [See below]
Disclosure relating to regularity in payment of undisputed Textual information
statutory dues [TextBlock] (7) [See below]
Textual information
Disclosure relating to disputed statutory dues [TextBlock] (8) [See below]
Disclosure in auditors report relating to default in repayment of Textual information
financial dues (9) [See below]
Disclosure in auditors report relating to public offer and Textual information
term loans used for purpose for which those were raised (10) [See below]
29
Disclosure in auditors report relating to fraud by the

Textual information
company or on the company by its officers or its (11) [See below]
employees reported during period
The Company is a
private company and
hence the provisions
Disclosure in auditors report relating to managerial remuneration of section 197 of the
Companies Act,
2013 do not apply to
the Company.
The Company is not
a Nidhi Company
and hence reporting
Disclosure in auditors report relating to Nidhi Company under clause (xii) of
the Order is not
applicable.
Disclosure in auditors report relating to transactions with related Textual information
parties (12) [See below]
Disclosure in auditors report relating to preferential
Textual information
allotment or private placement of shares or convertible (13) [See below]
debentures
Disclosure in auditors report relating to non-cash Textual information
transactions with directors or persons connected with him (14) [See below]
The Company is not
required to be
Disclosure in auditors report relating to registration registered under
under section 45-IA of Reserve Bank of India Act, 1934 section 45-IA of the
Reserve Bank of
India Act, 1934.
Details regarding auditors [Table] ..(1)

Auditors [Axis] 1
01/04/2018
to
31/03/2019
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Deloitte Haskins and
Name of audit firm Sells LLP
Sathya Pramod
Name of auditor signing report Koushik
Firms registration number of audit firm 117366W/W-100018
Membership number of auditor 206920
Prestige Trade
Tower, Level 19 46,
Address of auditors Palace Road High
Grounds Bengaluru
Permanent account number of auditor or auditor's firm AACFD4815A
SRN of form ADT-1 G71315667
Date of signing audit report by auditors 04/09/2019
Date of signing of balance sheet by auditors 04/09/2019

01/04/2018
to
31/03/2019
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.
30
Disclosure relating to title deeds of immovable properties

As disclosed in Note 4 and according to the information and explanations given to us by the management, the Company has been allotted land on
August 16, 2010 by the Karnataka Industrial Areas Development board (KIADB) on a lease cum sale basis. Further, the Company has constructed
a building on the aforesaid leasehold land. We understand from the management that the leasehold land will be transferred to the Company on
complying with the terms and conditions of the allotment. Also the company has been allotted another land on May 31, 2018 by the Karnataka
Industrial Areas Development board (KIADB) on lease basis on which the Company has commenced construction of a building. These lease
agreements are in the name of the Company, where the Company is the lessee in the agreement.
Disclosure in auditors report relating to loans

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 Companies Act, 2013.
Disclosure in auditors report relating to deposits accepted

According to the information and explanations given to us, the Company has not accepted any deposits from the public to which directives issued
by the Reserve Bank of India and the provisions of Sections 73 to 76 or any other relevant provisions of the Act and the Companies (Acceptance
of Deposit) Rules, 2014, as amended, would apply. Hence reporting under clause (v) of the Order is not applicable.
Disclosure in auditors report relating to statutory dues [Text Block]

The Company has generally been regular in depositing undisputed statutory dues, including Provident Fund, Employees’ State Insurance,
Income-tax, Goods and Service tax, Customs Duty, cess and other material statutory dues applicable to it to the appropriate authorities
Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]

There were no undisputed amounts payable in respect of Provident Fund, Employees’ State Insurance, Income-tax, Goods and Service Tax,
Customs Duty, cess and other material statutory dues in arrears as at March 31, 2019, for a period of more than six months from the date they
became payable.
31
Disclosure relating to disputed statutory dues [Text Block]

Details of dues of Income-tax, Sales Tax, Service Tax, Customs Duty, Excise Duty, and Value Added Tax which have not been deposited as on
March 31, 2019 on account of disputes are given below:
Nature of Period to which the Amount Amount (Rs. in

Name of Statute Forum where Dispute is Pending
Dues Relates million)
Income Tax Act, Income

Income Tax Appellate Tribunal (‘ITAT’) FY 2008-09 67.13
1961 Tax

Income Tax Appellate Tribunal (‘ITAT’) FY 2009-10 8.60^
1961 Tax

Income Tax Appellate Tribunal (‘ITAT’) FY 2010-11 29.99#
1961 Tax

Commissioner of Income Tax Appeals FY 2012-13 39.66*
1961 Tax

Dispute Resolution Panel (DRP) FY 2013-14 189.52^#
1961 Tax
Service Customs, Excise and Service Tax Appellate

Finance Act, 1994 April 2010 to January 2015 239.61@**
Tax Tribunal (‘CESTAT’)
Customs Act, Customs Customs, Excise and Service Tax Appellate

May 2010 to March 2015 47.13**
1962 duty Tribunal (‘CESTAT’)
Central Excise Central

Commissioner of Central Excise April 2011 to March 2016 46.16**
Act, 1944 Excise

2016 34.50**

Commissioner of Central Excise April 2013 & May 2013 11.36**
Act, 1944 Excise

Act, 1944 Excise

Act, 1944 Excise
^ Net of Rs. 20.40 paid under protest

# Net of Rs. 67.03 paid under protest
* Net of Rs. 39.66 paid under protest
32
^# Net of Rs. 81.22 paid under protest

@ Net of Rs. 1.28 paid under protest
Disclosure in auditors report relating to default in repayment of financial dues

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, banks and government. The Company has not issued any debentures.
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
The Company has not raised moneys by way of initial public offer or further public offer (including debt instruments) or term loans and hence
reporting under clause (ix) of the Order is not applicable.
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
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

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
Companies Act, 2013, 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
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
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 directors of its holding, subsidiary or associate company or persons connected with them and hence provisions of
section 192 of the Companies Act, 2013 are not applicable.
33
Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITOR’S REPORT
To The Members of Autoliv India Private Limited

Report on the Audit of the Financial Statements
Opinion
We have audited the accompanying financial statements of Autoliv India Private Limited (“the Company”), which comprise the Balance Sheet as
at 31st March 2019, the Statement of Profit and Loss (including Other Comprehensive Income), the Cash Flow Statement, the Statement of
Changes in Equity for the year then ended, and a summary of significant accounting policies and other explanatory information.
Basis for Opinion

We conducted our audit of the financial statements in accordance with the Standards on Auditing specified under section 143(10) of the Act
(SAs). Our responsibilities under those Standards are further described in the Auditor’s Responsibility for the Audit of the Financial Statements
section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants
of India (ICAI) together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and
the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of
Ethics. We believe that the audit evidence obtained by is sufficient and appropriate to provide a basis for our audit opinion on the financial
statements.
Information Other than the Financial Statements and Auditor’s Report Thereon
The Company’s Board of Directors is responsible for the other information. The other information comprises the information included in the
Directors report, but does not include the financial statements and our auditor’s report thereon.
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the
other information is materially inconsistent with the financial statements or our knowledge obtained during the course of our audit or otherwise
appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report
that fact. We have nothing to report in this regard.
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 Act with respect to the preparation of these
financial statements that give a true and fair view of the financial position, financial performance including other comprehensive income, cash
flows and changes in equity of the Company in accordance with the 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 standalone financial statement that give a true and fair view and are free from material misstatement, whether
due to fraud or error.
In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing,
as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the
Company or to cease operations, or has no realistic alternative but to do so.
Those Board of Directors are also responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibility for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether
due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We
also:
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit
procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control.
34
Obtain an understanding of internal financial control relevant to the audit in order to design audit procedures that are appropriate in the
circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate
internal financial controls system in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the
management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained,
whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a
going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures
in the standalone financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit
evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a
going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements
represent the underlying transactions and events in a manner that achieves fair presentation.
Materiality is the magnitude of misstatements in the financial statements that, individually or in aggregate, makes it probable that the economic
decisions of a reasonably knowledgeable user of the financial statements may be influenced. We consider quantitative materiality and qualitative
factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified
misstatements in the standalone financial statements.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant
audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and
where applicable, related safeguards.
Report on Other Legal and Regulatory Requirements
As required by Section 143(3) of the Act, based on our audit we reportthat:
We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes
of our audit.
In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those
books.
The Balance Sheet, the Statement of Profit and Loss including Other Comprehensive Income, the Cash Flow Statement and Statement of Changes
in Equity dealt with by this Report are in agreement with the relevant books of account.
In our opinion, the aforesaid financial statements comply with the Ind AS specified under Section 133 of the Act.
On the basis of the written representations received from the directors as on 31st March, 2019 taken on record by the Board of Directors, none of
the directors is disqualified as on 31st March, 2019 from being appointed as a director in terms of Section 164(2) of the Act.
With respect to the adequacy of the internal financial controls 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.
With respect to the other matters to be included in the Auditor’s Report in accordance with the requirements of section 197(16) of the Act, as
amended, In our opinion and to the best of our information and according to the explanations given to us, the Company being a private company,
section 197 of the Act related to the managerial remuneration not applicable.
With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules,
2014, as amended in our opinion and to the best of our information and according to the explanations given to us:
The Company has disclosed the impact of pending litigations on its financial position in its financial statements.
The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.
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 AND SELLS LLP

Chartered Accountants
Firm’s Registration No.117366W/W-100018
Sathya P. Koushik
Partner
35
(Membership No. 206920)

UDIN: 19206920AAAAEG7000
Bengaluru, August , 2019
SPK/MS/2019
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 Autoliv India Private Limited (“the Company”) as of 31st March, 2019
in conjunction with our audit of the Ind AS 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 to respective company’s policies, the safeguarding of its assets, the prevention and detection
of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as
required under the Companies Act, 2013.
Auditor’s Responsibility
Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting of the Company and its joint
operations companies incorporated in India (retain as applicable) 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 Companies Act, 2013, 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.
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 31st March, 2019, based on the criteria for internal financial control over financial reporting established by the respective 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.
36

Sathya P. Koushik
Partner
SPK/MS/2019
ANNEXURE B TO THE INDEPENDENT AUDITOR’S REPORT

(Referred to in paragraph 2 under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date)
Report of even date on Companies (Auditor’s Report) Order, 2016 (“the Order”) issued by the Central Government in terms of Section 143(11) of
the Act
(i) In respect of fixed assets:
(a) The Company has maintained proper records showing full particulars, including quantitative details and situationof 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) As disclosed in Note 4 and according to the information and explanations given to us by the management, the Company has been allotted land
on August 16, 2010 by the Karnataka Industrial Areas Development board (KIADB) on a lease cum sale basis. Further, the Company has
constructed a building on the aforesaid leasehold land. We understand from the management that the leasehold land will be transferred to the
Company on complying with the terms and conditions of the allotment. Also the company has been allotted another land on May 31, 2018 by the
Karnataka Industrial Areas Development board (KIADB) on lease basis on which the Company has commenced construction of a building. These
lease agreements are in the name of the Company, where the Company is the lessee in the agreement.
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.
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 Companies Act, 2013.
The Company has not granted any loans, made investments or provided guarantees and hence reporting under clause (iv) of the Order is not
applicable.
According to the information and explanations given to us, the Company has not accepted any deposits from the public to which directives issued
by the Reserve Bank of India and the provisions of Sections 73 to 76 or any other relevant provisions of the Act and the Companies (Acceptance
of Deposit) Rules, 2014, as amended, would apply. Hence reporting under clause (v) of the Order is not applicable.
The maintenance of cost records has not been specified by the Central Government under section 148(1) of the Companies Act, 2013.
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, Goods and Service tax, Customs Duty, cess and other material statutory dues applicable to it to the appropriate authorities.
(b) There were no undisputed amounts payable in respect of Provident Fund, Employees’ State Insurance, Income-tax, Goods and Service Tax,
Customs Duty, cess and other material statutory dues in arrears as at March 31, 2019, for a period of more than six months from the date they
became payable.
37
(c) Details of dues of Income-tax, Sales Tax, Service Tax, Customs Duty, Excise Duty, and Value Added Tax which have not been deposited as
on March 31, 2019 on account of disputes are given below:
Nature of Period to which the Amount Amount (Rs. in

Name of Statute Forum where Dispute is Pending
Dues Relates million)

Income Tax Appellate Tribunal (‘ITAT’) FY 2008-09 67.13
1961 Tax

Income Tax Appellate Tribunal (‘ITAT’) FY 2009-10 8.60^
1961 Tax

Income Tax Appellate Tribunal (‘ITAT’) FY 2010-11 29.99#
1961 Tax

Commissioner of Income Tax Appeals FY 2012-13 39.66*
1961 Tax

Dispute Resolution Panel (DRP) FY 2013-14 189.52^#
1961 Tax
Service Customs, Excise and Service Tax Appellate

Finance Act, 1994 April 2010 to January 2015 239.61@**
Tax Tribunal (‘CESTAT’)

May 2010 to March 2015 47.13**

Act, 1944 Excise

2016 34.50**

Commissioner of Central Excise April 2013 & May 2013 11.36**
Act, 1944 Excise

Act, 1944 Excise

Act, 1944 Excise
^ Net of Rs. 20.40 paid under protest

# Net of Rs. 67.03 paid under protest
* Net of Rs. 39.66 paid under protest
^# Net of Rs. 81.22 paid under protest
@ Net of Rs. 1.28 paid under protest
** Excludes applicable interest on the amount demanded
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, banks and government. The Company has not issued any debentures.
38
The Company has not raised moneys by way of initial public offer or further public offer (including debt instruments) or term loans and hence
reporting under clause (ix) of the Order is not applicable.
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.
The Company is a private company and hence the provisions of section 197 of the Companies Act, 2013 do not apply to the Company.
The Company is not a Nidhi Company and hence reporting under clause (xii) of the Order is not applicable.
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
Companies Act, 2013, 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.
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.
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 directors of its holding, subsidiary or associate company or persons connected with them and hence provisions of
section 192 of the Companies Act, 2013 are not applicable.
The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934.
Sathya P. Koushik
Partner
SPK/MS/2019
[700700] Disclosures - Secretarial audit report

01/04/2018
to
31/03/2019
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
39
[110000] Balance sheet

31/03/2019 31/03/2018 31/03/2017
Balance sheet [Abstract]
Assets [Abstract]
Non-current assets [Abstract]
Property, plant and equipment 1,609.58 1,029.53 1,075.4
Capital work-in-progress 376.97 269.1
Other intangible assets 11.03 15.62 40.66
Non-current financial assets [Abstract]
Non-current investments 0 0
Loans, non-current 0 0
Other non-current financial assets 55.74 28.41
Total non-current financial assets 55.74 28.41
Deferred tax assets (net) 180.45 153.85
Other non-current assets 966.78 1,356.06
Total non-current assets 3,200.55 2,852.57
Current assets [Abstract]
Inventories 1,907.04 1,458.35
Current financial assets [Abstract]
Current investments 0 0
Trade receivables, current (A) 2,359.66

1,942.37
Cash and cash equivalents (B) 1,500.77

1,495.15
Loans, current 1.25 1.83

Other current financial assets 5.42 6.84
Total current financial assets 3,867.1 3,446.19
Other current assets 791.33 676.52
Total current assets 6,565.47 5,581.06
Non-current assets classified as held for sale 0

(C) 863.76
Total assets 9,766.02 9,297.39
Equity and liabilities [Abstract]
Equity [Abstract]
Equity attributable to owners of parent [Abstract]
Equity share capital 78.1 78.1 78.1
Other equity 4,691.88 3,596.4
Total equity attributable to owners of parent 4,769.98 3,674.5
Non controlling interest 0 0
Total equity 4,769.98 3,674.5
Liabilities [Abstract]
Non-current liabilities [Abstract]
Non-current financial liabilities [Abstract]
Borrowings, non-current 851.56 1,113.59
Total non-current financial liabilities 851.56 1,113.59
Provisions, non-current 43.37 62.08
Total non-current liabilities 894.93 1,175.67
Current liabilities [Abstract]
Current financial liabilities [Abstract]
Borrowings, current 550.84 915.63
Trade payables, current (D) 3,021.04

2,562.4
Other current financial liabilities 121.55 151.99

Total current financial liabilities 3,693.43 3,630.02
Other current liabilities 213.22 279.14
Provisions, current 33.09 44.11
Current tax liabilities (E) 161.37

200.81
Total current liabilities 4,101.11 4,154.08

Liabilities directly associated with assets in disposal group
0 293.14
classified as held for sale
40
Total liabilities 4,996.04 5,622.89

Total equity and liabilities 9,766.02 9,297.39
41
Footnotes
(A)
Trade receivables
March 31, 2019 March 31, 2018
Rs in million Rs in million
Trade receivables considered good - Unsecured
Receivables from other than related parties 2,122.57 1,371.26
Receivable from related parties (refer note 34) 237.09 571.11
Trade receivables - credit impaired 4.17 14.27
2,363.83 1,956.64
Allowance for expected credit loss (4.17) (14.27)
Total 2,359.66 1,942.37
(B) 1. Includes balances in Exchange Earners Foreign Currency ('EEFC') account.

(C)
Assets classified as held for sale
March 31, 2018 March 31, 2017 April 01, 2016
Rs in million Rs in million Rs in million
Assets related to electronics business* 863.76 - -
863.76 - -
Liabilities associated with assets held for sale * 293.14 - -
*As described in note 41, the Company plans to dispose of its electronics business and the disposal is completed on April
01, 2018. The Group has entered into a Business Transfer Agreement with Veoneer India Private Limited on April 01,
2018 to dispose this business at a value of Rs. 1,173 million and the directors of the Company believes that the fair value
less costs to sell of the business will be higher than the aggregate carrying amount of the related assets and liabilities.
42
Therefore, no impairment loss was recognised on reclassification of the assets and liabilities as held for sale nor as at
March 31, 2018. The major classes of assets and liabilities of the electronics business at the end of the reporting year are
as follows:
March 31, 2018
Rs in million
ASSETS
Non-current assets
Property, plant and equipment 83.16
Capital work-in-progress 0.65
Intangible assets 18.02
Financial assets
(i) Other financial assets 27.70
Other non-current assets 35.22
164.75
Current assets
Inventories 153.39
Financial Assets
(i) Trade receivables 545.46
Other current assets 0.16
699.01
Assets of electronics business classified as held for sale 863.76
LIABILITIES
43
Non-current liabilities
Provisions 19.95
19.95
Current liabilities
Financial liabilities
(i) Trade payables 272.92
Other current liabilities 0.27
273.19
Liabilities of electronics business associated with assets classified as held for sale 293.14
Net assets of electronics business classified as held for sale 570.62
(D)
Financial liabilities - Trade payables
March 31,
March 31, 2019
2018
Rs in million
Rs in million
- total outstanding dues of micro and small enterprises (refer note 41 for details of
170.99 154.43
dues to micro and small enterprises)
- total outstanding dues of creditors other than micro and small enterprises 1,983.09 1,354.42
- trade payables to related parties (refer note 34) 866.96 1,053.55
2,850.05
2,407.97
3,021.04
2,562.40
(E) Current tax liabilities (net of advance income tax of Rs. 89.81 million (March 31, 2018: Rs.645.23 million))
44
[210000] Statement of profit and loss
Earnings per share [Table] ..(1)

Classes of equity share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Statement of profit and loss [Abstract]
Earnings per share [Abstract]
Earnings per share [Line items]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from
[INR/shares] 78.71 [INR/shares] 102.79 [INR/shares] 78.71 [INR/shares] 102.79
continuing operations
Basic earnings (loss) per share from
discontinued operations
Total basic earnings (loss) per share [INR/shares] 141.01 [INR/shares] 119.64 [INR/shares] 141.01 [INR/shares] 119.64
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from
continuing operations
Diluted earnings (loss) per share from
Total diluted earnings (loss) per share [INR/shares] 141.01 [INR/shares] 119.64 [INR/shares] 141.01 [INR/shares] 119.64
45

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Statement of profit and loss [Abstract]
Income [Abstract]
Revenue from operations 15,955.32 13,717.96
Other income 89.98 94.93
Total income 16,045.3 13,812.89
Expenses [Abstract]
Cost of materials consumed (A) 11,289.58
8,685.07
Purchases of stock-in-trade (B) 106.04

74.58
Changes in inventories of finished goods, work-in-progress and

-205.33 -42.4
stock-in-trade
Employee benefit expense 1,129.37 1,015.3
Finance costs 51.34 61.7
Depreciation, depletion and amortisation expense 341.43 279.52
Other expenses 2,379.49 2,483.8
Total expenses 15,091.92 12,557.57
Profit before exceptional items and tax 953.38 1,255.32
Total profit before tax 953.38 1,255.32
Tax expense [Abstract]
Current tax 362.15 354.33
Deferred tax -23.52 98.21
Total tax expense 338.63 452.54
Total profit (loss) for period from continuing operations 614.75 802.78
Profit (loss) from discontinued operations before tax 632.53 205.73
Tax expense of discontinued operations 145.99 74.17
Total profit (loss) from discontinued operations after tax 486.54 131.56
Total profit (loss) for period 1,101.29 934.34
Comprehensive income OCI components presented net of tax [Abstract]
Whether company has other comprehensive income OCI components
Yes Yes
presented net of tax
Other comprehensive income net of tax [Abstract]
Components of other comprehensive income that will not be
reclassified to profit or loss, net of tax [Abstract]
Other comprehensive income, net of tax, gains (losses) on
-8.89 5.61
remeasurements of defined benefit plans
Other comprehensive income that will not be reclassified to
0 0
profit or loss, net of tax, others
Total other comprehensive income that will not be reclassified
-8.89 5.61
to profit or loss, net of tax
Components of other comprehensive income that will be
reclassified to profit or loss, net of tax [Abstract]
Exchange differences on translation net of tax [Abstract]
Total other comprehensive income, net of tax, exchange
0 0
differences on translation
Debt instrument through other comprehensive income Net of tax
[Abstract]
Other comprehensive income, net of tax, Debt instrument
0 0
through other comprehensive income
Cash flow hedges net of tax [Abstract]
Total other comprehensive income, net of tax, cash flow hedges 0 0
Hedges of net investment in foreign operations net of tax
[Abstract]
Total other comprehensive income, net of tax, hedges of net
0 0
investments in foreign operations
Change in value of time value of options net of tax [Abstract]
Total other comprehensive income, net of tax, change in
0 0
value of time value of options
Change in value of forward elements of forward contracts net of
tax [Abstract]
0 0
value of forward elements of forward contracts
Change in value of foreign currency basis spreads net of tax
[Abstract]
46

0 0
value of foreign currency basis spreads
Other comprehensive income, net of tax, net
movement in regulatory deferral account
balances related to items that will be
reclassified to profit or loss [Abstract]
Total other comprehensive income, net of tax,
net movement in regulatory deferral account
0 0
reclassified to profit or loss
Financial assets measured at fair value through other
comprehensive income net of tax [Abstract]
financial assets measured at fair value through other 0 0
comprehensive income
Other comprehensive income that will be reclassified to profit
3.08 -1.94
or loss, net of tax, others
Total other comprehensive income that will be reclassified to
3.08 -1.94
profit or loss, net of tax
Total other comprehensive income -5.81 3.67
Total comprehensive income 1,095.48 938.01
Comprehensive income OCI components presented before tax [Abstract]
Whether company has comprehensive income OCI components presented
No No
before tax
Other comprehensive income before tax [Abstract]
Total other comprehensive income -5.81 3.67
Total comprehensive income 1,095.48 938.01
Earnings per share explanatory [TextBlock]
Earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] 78.71 [INR/shares] 102.79
Basic earnings (loss) per share from discontinued operations [INR/shares] 62.3 [INR/shares] 16.85
Total basic earnings (loss) per share [INR/shares] 141.01 [INR/shares] 119.64
Diluted earnings (loss) per share from continuing operations [INR/shares] 78.71 [INR/shares] 102.79
Diluted earnings (loss) per share from discontinued operations [INR/shares] 62.3 [INR/shares] 16.85
Total diluted earnings (loss) per share [INR/shares] 141.01 [INR/shares] 119.64
47
Footnotes
(A)
Cost of raw material and components consumed
March 31, 2019 March 31, 2018

Inventory at the beginning of the year 1,167.22 895.25
Add: Purchases during the year 11,540.67 8,957.04
12,707.89 9,852.29
Less: Inventory at the end of the year 1,418.31 1,167.22
Cost of raw material and components consumed 11,289.58 8,685.07
(B)
Purchase of traded goods
March 31, 2019 March 31, 2018

Purchases of traded goods 106.04 74.59
106.04 74.59
[210000a] Statement of profit and loss
Other comprehensive income that will be reclassified to profit or loss, net of tax, others [Table] ..(1)
Other comprehensive income that will be reclassified to profit or loss, net of tax, others [Axis] 1
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Other comprehensive income that will be reclassified to profit or loss, net of tax, others
[Abstract]
Other comprehensive income that will be reclassified to profit or loss, net of tax,
others [Line items]
Description of other comprehensive income that will be reclassified to profit or Income tax relating Income tax relating to
loss, net of tax, others to the above the above
Other comprehensive income that will be reclassified to profit or loss, net of tax,
3.08 -1.94
others
48
[400200] Statement of changes in equity
Statement of changes in equity [Table] ..(1)

Equity attributable
to the equity
Components of equity [Axis] Equity [Member]
holders of the
parent [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 1,101.29 934.34 1,101.29
Changes in comprehensive income components -5.81 3.67 -5.81
Total comprehensive income 1,095.48 938.01 1,095.48
Other changes in equity [Abstract]
Deductions to reserves [Abstract]
Total deductions to reserves 0 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Total appropriations for dividend,
0 0 0
dividend tax and retained earnings
Total other changes in equity 0 0 0
Total increase (decrease) in equity 1,095.48 938.01 1,095.48
Other equity at end of period 4,691.88 3,596.4 2,658.39 4,691.88

Equity attributable to the equity holders
Components of equity [Axis] Reserves [Member]
of the parent [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Equity [Abstract]
Profit (loss) for period 934.34 1,101.29 934.34
Changes in comprehensive income components 3.67 -5.81 3.67
Total comprehensive income 938.01 1,095.48 938.01
0 0 0
Total increase (decrease) in equity 938.01 1,095.48 938.01
49

Components of equity [Axis] Reserves [Member] Securities premium reserve [Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Equity [Abstract]
Profit (loss) for period 0 0
Total deductions to reserves 0 0
0 0
Total other changes in equity 0 0
Total increase (decrease) in equity 0 0

Retained earnings
Components of equity [Axis] General reserve [Member]
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Equity [Abstract]
Profit (loss) for period 0 0 1,101.29
Changes in comprehensive income components -5.81
Total comprehensive income 1,095.48
0 0 0
Total increase (decrease) in equity 0 0 1,095.48
Other equity at end of period 89.3 89.3 89.3 2,647.16
50

Components of equity [Axis] Retained earnings [Member] Other retained earning [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Equity [Abstract]
Profit (loss) for period 934.34 1,101.29 934.34
Changes in comprehensive income components 3.67 -5.81 3.67
Total comprehensive income 938.01 1,095.48 938.01
0 0 0
Total increase (decrease) in equity 938.01 1,095.48 938.01
Other equity at end of period 1,551.68 613.67 2,647.16 1,551.68

Other retained
Components of equity [Axis]
earning [Member]
31/03/2017
Equity [Abstract]
Other equity at end of period 613.67

01/04/2018
to
31/03/2019
Disclosure of notes on changes in equity [TextBlock] [See below]
Disclosure of notes on changes in equity [Text Block]

A description of the nature and purpose of each reserve is as below:
General reserve: The general reserve is used from time to time to transfer profits from retained earnings for appropriation purposes. There is no
policy of regular transfer. Items included under General Reserve shall not be reclassified back into the Statement of Profit and Loss.
Security premium: This reserve has been created persuant to issue of shares at a premium.
Retained Earnings: This represents surplus i.e. balance of the relevant column in the Statement of Changes in Equity.
51
[320000] Cash flow statement, indirect

01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
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 tax 953.38 1,255.32
Adjustments for reconcile profit (loss) [Abstract]
Adjustments for finance costs 57.41 66.6
Adjustments for decrease (increase) in inventories -448.69 -320.62
Adjustments for decrease (increase) in trade receivables, current -355.73 -831.52
Adjustments for decrease (increase) in other current assets (A) 117.11 (B) -117.24
Adjustments for other financial assets, current -25.59 -3.59
Adjustments for increase (decrease) in trade payables, current 441.6 737.63
Adjustments for increase (decrease) in other current liabilities -65.93 118.45
Adjustments for depreciation and amortisation expense 341.43 326.49
Adjustments for provisions, non-current -37.72 -5.03
Adjustments for unrealised foreign exchange losses gains 58.4 -4.25
Adjustments for interest income 71.31 31.67
Other adjustments to reconcile profit (loss) 147.91 -320.99
Other adjustments for non-cash items (C) -101.63 (D) 506.99

Total adjustments for reconcile profit (loss) 57.26 121.25
Net cash flows from (used in) operations 1,010.64 1,376.57
Income taxes paid (refund) 597.74 458.75
Net cash flows from (used in) operating activities 412.9 917.82
Cash flows from used in investing activities [Abstract]
Proceeds from sales of property, plant and equipment 0.09 3.95
Purchase of property, plant and equipment 875.4 590.62
Proceeds from sales of investment property 1,173 0
Interest received 71.56 31.49
Net cash flows from (used in) investing activities 369.25 -555.18
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings 366.22 2,762.39
Repayments of borrowings 1,086.5 2,286.01
Payments of finance lease liabilities 4.67 2.36
Interest paid 51.58 63.67
Other inflows (outflows) of cash 0 7.84
Net cash flows from (used in) financing activities -776.53 418.19
Net increase (decrease) in cash and cash equivalents before effect of
5.62 780.83
exchange rate changes
Net increase (decrease) in cash and cash equivalents 5.62 780.83
Cash and cash equivalents cash flow statement at end of period 1,500.77 1,495.15 714.32
52
Footnotes
(A)
Particulars 2018-19
Decrease / (increase) in loans 0.59
Decrease / (increase) in other assets 116.52
Total -117.11
(B)
Particulars 2017-18
Decrease / (increase) in loans -0.69
Decrease / (increase) in other assets -116.55
Total -117.24
(C)
Particulars 2018-19
(Profit) / Loss on sale of property, plant and equipment (net) 7.23
Provisions / liabilities no longer required written back -5.15
Advances written off 54.09
Bad debts written off 3.29
Tax expenses 481.55
Provision for doubtful debts written back -10.11
Sale of Business Unit -632.53
-101.63
Total
(D)
Particulars 2017-18
53
(Profit) / Loss on sale of property, plant and equipment (net) -1.25
Provisions / liabilities no longer required written back -46.14
Provision for doubtful advances 27.61
Tax expenses 526.71
Total 506.99
[610100] Notes - List of accounting policies

01/04/2018
to
31/03/2019
Disclosure of significant accounting policies [TextBlock] [See below]
54
Disclosure of significant accounting policies [Text Block]

General information
Autoliv India Private Limited (‘the Company’) was incorporated on October 15, 2000 with its registered office and principal of place of business
situated at 80/3, Chokkahalli Village, Doddalluru Gram Panchayat, Hoskote Industrial Estate, Bangalore - 562114. The Company is a subsidiary
of Autoliv AB, Sweden, a manufacturer of integrated safety systems for major automotive manufacturers. The key products manufactured by the
Company include seat belts, airbags, steering wheels and other car safety products.
The financial statements were authorised for issue in accordance with a resolution of the directors on August xx, 2019.
Significant accounting policies
The significant accounting policies applied by the Company in the preparation of its financial statements are listed below. Such accounting
policies have been applied consistently to all the periods presented in these financial statements and in preparing the IndAS Balance Sheet as at
31st March 2019, unless otherwise indicated.
Basis of preparation
The financial statements of the company have been prepared in accordance with Indian accounting standards (IND AS) as per the Companies
(Indian accounting standards) Rules 2015 as amended and notified under section 133 of the Companies Act 2013, (the “Act”) and other relevant
rules of the Act.
The financial statements have been prepared on a historical cost basis, except for certain financial assets and liabilities (refer accounting policy
regarding financial instruments) and defined benefit plans (plan assets) which have been measured at fair value.
Current versus non-current classification: The assets and liabilities have been classified as current and non-current as per the companies normal
operating cycle and other criteria set out in the schedule III to the companies Act, 2013 based on the nature of product and time between the
acquisition of asset for processing and their realisation in cash and cash equivalents, the company has ascertained its operating cycle as 12 months
for purpose of current and non-current classification for assets and liabilities.
The functional and presentation currency of the Company is Indian Rupee (“Rs”) which is the currency of the primary economic environment in
which the Company operates.
2.2 Summary of significant accounting policies

Fair value measurement of financial instruments
The Company measures financial instruments, such as, derivatives, loans at fair value at each balance sheet date using valuation techniques.
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at
the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes
place either:
In the principal market for the asset or liability, or

In the absence of a principal market, in the most advantageous market for the asset or liability
The principal or the most advantageous market must be accessible by the Company.
The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability,
assuming that market participants act in their economic best interest.
The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value,
maximising the use of relevant observable inputs and minimising the use of unobservable inputs.
All assets and liabilities for which fair value is measured or disclosed in the standalone financial statements are categorised within the fair value
hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:
Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities
Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly
observable
Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable
2.2 Summary of significant accounting policies (continued)
For assets and liabilities that are recognised in the financial statements on a recurring basis, the Company determines whether transfers have
occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is significant to the fair value
measurement as a whole) at the end of each reporting period.
Revenue recognition
Revenue from the sale of vehicles and service parts is recognized upon transfer of control to customers which is when performance obligation is
met. Revenue is measured at the amount of consideration which the Company expects to be entitled to in exchange for transferring distinct goods
55
or services to a customer as specified in the contract, excluding amounts collected on behalf of third parties (for example taxes and duties
collected on behalf of the government). Consideration is generally due upon satisfaction of performance obligations and a receivable is
recognized when it becomes unconditional.
The specific recognition criteria described below must also be met before revenue is recognised.
i) Sale of goods and components

Domestic customers are generally the original equipment manufacturers (OEM’s).The Company recognizes revenue on the sale of goods, net of
discounts, sales incentives and rebates granted when control of the goods is transferred to the customer The control of goods is transferred to the
customer depending upon the incoterms or as agreed with customer or delivery basis. Control is considered to be transferred to customer when
customer has ability to direct the use of such goods and obtain substantially all the benefits from it such as following delivery, the customer has
full discretion over the manner of distribution and price to sell the goods, has the primary responsibility when on selling the goods and bears the
risks of obsolescence and loss in relation to the goods. This is also the point at which invoices are issued, with payment typically due within 60
days.
Advance received from customer before transfer of control of goods to the customer is recognised as contract liability. A receivable is recognised
by the Company when the control over the goods is transferred to the customer such as when goods are delivered as this represents the point in
time at which the right to consideration becomes unconditional, as only the passage of time is required before payment is due.
Sales-related warranties are an assurance that the products sold comply with agreed-upon specifications. Accordingly, the Company accounts for
provision for warranties in accordance with Ind AS 37 Provisions, Contingent Liabilities and Contingent Assets. The Company also exports
products outside India to its group companies. Transfer of control, and therefore revenue in case of export sales is recognised at a point in time
when the title and risks and rewards of ownership are transferred to the customer and which is when the performance obligation is met.
Amount disclosed as revenue are inclusive of excise duty and are net of returns, trade discounts, cash discounts, sales incentive, etc.
ii) Sale of services

Revenue for providing services is recognized as per the terms of the agreement entered into by the Company with its customers.Sale of service
with respect to fixed price contract is recognised based on arrangements/agreements with the concerned parties using the proportionate
completion method and revenue with respect to time-and-material contracts are recognised at the point of time when control is transferred to
customer.
iii) Revenue earned in excess of billings has been included under ‘other assets’ as unbilled revenue and billings in excess of revenue earned has
been disclosed under ‘other liabilities’ as unearned revenue.
iv) Other income
Interest income
Interest received on bank deposits is taken at agreed interest rate with the bank from time to time. Interest accrued but not received is accrued for
in the books of accounts as on March 31, 2019.
Ind AS 115 - Revenue from contract with customers

On April 1, 2018, Company adopted Ind AS 115, “Revenue from Contracts with Customers”. The effect on adoption of Ind AS 115 was not
material.
Taxes on income
Income tax expense represents the sum of the tax currently payable and deferred tax.
Current income tax
The current income tax is based on taxable profit for the year. Taxable profit differs from ‘profit before tax’ as reported in the statement of profit
and loss because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The
Company’s current tax is calculated using tax rates that have been enacted by the end of the reporting period.
Deferred income tax
Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the financial statements and the
corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary
differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable
profits will be available against which those deductible temporary differences can be utilised. Such deferred tax assets and liabilities are not
recognised if the temporary difference arises from the initial recognition (other than in a business combination) of assets and liabilities in a
transaction that affects neither the taxable profit nor the accounting profit. In addition, deferred tax liabilities are not recognised if the temporary
difference arises from the initial recognition of goodwill.
Deferred tax liabilities are recognised for taxable temporary differences associated with investments in subsidiaries and associates, and interests in
joint ventures, except where the Company is able to control the reversal of the temporary difference and it is probable that the temporary
difference will not reverse in the foreseeable future. Deferred tax assets arising from deductible temporary differences associated with such
investments and interests are only recognised to the extent that it is probable that there will be sufficient taxable profits against which to utilise the
benefits of the temporary differences and they are expected to reverse in the foreseeable future.
The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable
that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset
realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
56
The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company
expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax for the year
Current and deferred tax are recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or
directly in equity, in which case, the current and deferred tax are also recognised in other comprehensive income or directly in equity respectively.
Where current tax or deferred tax arises from the initial accounting for a business combination, the tax effect is included in the accounting for the
business combination.
Property, plant and equipment
Leasehold land is carried at historical cost and other property, plant and equipment are stated at historical cost less accumulated depreciation and
accumulated impairment losses, if any. Historical cost includes expenditure that is directly attributable to the acquisition of the items.
Items of stores and spares that meet the definition of plant, property and equipment are capitalized at cost and depreciated over their useful life.
Otherwise, such items are classified as inventories.
Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future
economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of
any component accounted for as a separate assets are derecognised when replaced. All other repairs and maintenance are charged to profit and
loss during the reporting period in which they are incurred.
57
Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets as follows:
Assets Useful lives estimated by the management (in years)
Plant and Machinery - Specific 4
Plant and Machinery – General 7
Plant and Machinery - Textile Loom 8
Computers 3
Electrical Fittings 7
Furniture and Fixtures 5
Testing Equipment’s 7
Office Equipment’s 5
Vehicles 5
Building 20
Leasehold improvements are depreciated over the period of lease or estimated useful life, whichever is lower, on straight line basis.
Tools are depreciated over a period of three years on a straight line basis.
As the useful lives in respect of few of these assets are different from the useful lives as prescribed under Part C of Schedule II of the Act, the
management on the basis of internal assessment of usage pattern believes that the useful lives as mentioned above best represents the period over
which management expects to use these assets.
The residual values, useful lives and methods of depreciation of property, plant and equipment are reviewed at each financial year end and
adjusted prospectively, if appropriate.
An item of property, plant and equipment and any significant part initially recognised is derecognised upon disposal or when no future economic
benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net
disposal proceeds and the carrying amount of the asset) is included in the statement of profit and loss when the asset is derecognised.
The Company identifies and determines cost of asset significant to the total cost of the asset having useful life that is materially different from that
of the remaining life.
Plant, property and equipment held for sale is valued at lower of their carrying amount and net realisable value. Any write-down is recognized in
the statement of profit and loss
Intangible assets
Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible assets are carried at cost
less accumulated amortisation and accumulated impairment losses, if any.
Intangible assets with finite lives are amortised over the useful economic life and assessed for impairment whenever there is an indication that the
intangible asset may be impaired. The amortisation period and the amortisation method for an intangible asset with a finite useful life are
reviewed at least at the end of each reporting period with the effect of any change in the estimate being accounted for on a prospective basis.
Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are considered to
modify the amortisation period or method, as appropriate, and are treated as changes in accounting estimates. The amortisation expense on
58
intangible assets with finite lives is recognised in the statement of profit and loss unless such expenditure forms part of carrying value of another
asset.
Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognized in the statement of profit and loss when the asset is derecognized.
Computer Software is depreciated over a period of 3 years or the useful life whichever is lower, on a straight-line basis.
Research and development costs
Research costs are expensed as incurred. Development expenditure incurred on an individual project is recognized as an intangible asset when the
Company can demonstrate all the following:
The technical feasibility of completing the intangible asset so that it will be available for use or sale
Its intention to complete the asset
Its ability to use or sell the asset
How the asset will generate future economic benefits
The availability of adequate resources to complete the development and to use or sell the asset
The ability to measure reliably the expenditure attributable to the intangible asset during development.
Following the initial recognition of the development expenditure as an asset, the cost model is applied requiring the asset to be carried at cost less
any accumulated amortization and accumulated impairment losses. Amortization of the asset begins when development is complete and the asset
is available for use. It is amortized on a straight line basis over the period of expected future benefit from the related project, i.e., the estimated
useful life of ten years. Amortization is recognized in the statement of profit and loss. During the period of development, the asset is tested for
impairment annually.
Borrowing cost
Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds. Borrowing cost also includes
exchange differences to the extent regarded as an adjustment to the borrowing costs.
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily takes a
substantial period of time to get ready for its intended use or sale are capitalised as part of the cost of the asset until such time as the assets are
substantially ready for the intended use or sale. All other borrowing costs are expensed in the period in which they occur.
Leases
The determination of whether an arrangement is (or contains) a lease is based on the substance of the arrangement at the inception of the lease.
The arrangement is, or contains, a lease if fulfilment of the arrangement is dependent on the use of a specific asset or assets and the arrangement
conveys a right to use the asset or assets, even if that right is not explicitly specified in an arrangement.
A lease is classified at the inception date as a finance lease or an operating lease.
For arrangements entered into prior to April 1, 2016, the Company has determined whether the arrangement contain lease on the basis of facts and
circumstances existing on the date of transition.
Company as a lessee
A lease that transfers substantially all the risks and rewards incidental to ownership to the Company is classified as a finance lease.
A leased asset is depreciated over the useful life of the asset. However, if there is no reasonable certainty that the Company will obtain ownership
by the end of the lease term, the asset is depreciated over the shorter of the estimated useful life of the asset and the lease term.
Finance leases are capitalised at the commencement of the lease at the inception date fair value of the leased asset or, at the present value of the
minimum lease payments at the inception of the lease, whichever is lower. Lease payments are apportioned between 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 recognised
in finance costs in the statement of profit and loss, unless they are directly attributable to qualifying assets, in which case they are capitalized in
accordance with the Company’s general policy on the borrowing costs.
Operating lease payments are recognised as an expense in the statement of profit and loss on a straight-line basis over the lease term unless either:
another systematic basis is more representative of the time pattern of the user’s benefit even if the payments to the lessors are not on that basis; or
the payments to the lessor are structured to increase in line with expected general inflation to compensate for the lessor’s expected inflationary
cost increases. If payments to the lessor vary because of factors other than general inflation, then this condition is not met.
Inventories
Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and estimated costs
necessary to make the sale.
Raw materials, components, stores and spares

Raw materials, components, stores and spares are valued at lower of cost and net realizable value. However, materials and other items held for use
in the production of inventories are not written down below cost if the finished products in which they will be incorporated are expected to be
59
sold at or above cost.Cost of Raw material and indirect material includes cost of purchase and other cost incurred in bringing the inventories to
their present location and condition.
Work-in-progress
Work-in-progress are valued at lower of cost and net realizable value. Cost includes direct materials and labour and a proportion of manufacturing
overheads based on normal operating capacity.
Traded / Finished goods

Traded / finished goods are valued at lower of cost and net realizable value. Cost includes cost of purchase and other costs incurred in bringing
the inventories to their present location and condition. Further, cost of finished goods includes excise duty.
Impairment of assets
As at the end of each accounting year, the company reviews the carrying amounts of its Property Plant and Equipment, intangible assets to
determine whether there is any indication that those assets have suffered an impairment loss. If such indication exists, the said assets are tested for
impairment so as to determine the impairment loss, if any.
Impairment loss is recognised when the carrying amount of an asset exceeds its recoverable amount. Recoverable amount is determined:
(i) in the case of an individual asset, at the higher of the net selling price and the value in use; and
(ii)in the case of a cash generating unit (a group of assets that generates identified, independent cash flows), at the higher of the cash generating
unit’s net selling price and the value in use.
(The amount of value in use is determined as the present value of estimated future cash flows from the continuing use of an asset and from its
disposal at the end of its useful life. For this purpose, the discount rate (pre-tax) is determined based on the weighted average cost of capital of the
company suitably adjusted for risks specified to the estimated cash flows of the asset).
For this purpose, a cash generating unit is ascertained as the smallest identifiable group of assets that generates cash inflows that are largely
independent of the cash inflows from other assets or groups of assets.
If recoverable amount of an asset (or cash generating unit) is estimated to be less than its carrying amount, such deficit is recognised immediately
in the Statement of Profit and Loss as impairment loss and the carrying amount of the asset (or cash generating unit) is reduced to its recoverable
amount.
When an impairment loss subsequently reverses, the carrying amount of the asset (or cash generating unit) is increased to the revised estimate of
its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no
impairment loss is recognised for the asset (or cash generating unit) in prior years. A reversal of an impairment loss is recognised immediately in
the Statement of Profit and Loss.
Provisions and contingent liabilities
Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an
outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of
the obligation. When the Company expects some or all of a provision to be reimbursed, for example, under an insurance contract, the
reimbursement is recognised as a separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision is
presented in the Statement of Profit and Loss net of any reimbursement.
If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks
specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.
A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence
of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not probable
that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a
liability that cannot be recognized because it cannot be measured reliably. The Company does not recognize a contingent liability but discloses its
existence in the financial statements.
Provisions and contingent liability are reviewed at each balance sheet.
Warranty provisions
Provisions for warranty-related costs are recognized when the product is sold. Provision is based on historical experience. The estimate of such
warranty-related costs is revised annually.
Employee benefits
Retirement benefit costs and termination benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to
the contributions.
For defined benefit retirement benefit plans, the cost of providing benefits is determined using the projected unit credit method, with actuarial
60
valuations being carried out at the end of each annual reporting period. Re-measurement, comprising actuarial gains and losses, the effect of the
changes to the asset ceiling (if applicable) and the return on plan assets (excluding net interest), is reflected immediately in the balance sheet with
a charge or credit recognised in other comprehensive income in the period in which they occur. Re-measurement recognised in other
comprehensive income is reflected immediately in retained earnings and is not reclassified to profit or loss. Past service cost is recognised in
profit or loss in the period of a plan amendment. Net interest is calculated by applying the discount rate at the beginning of the period to the net
defined benefit liability or asset. Defined benefit costs are categorised as follows:
· service cost (including current service cost, past service cost, as well as gains and losses on curtailments and settlements);
· net interest expense or income; and
· re-measurement
The Company presents the first two components of defined benefit costs in profit or loss in the line item ‘Employee benefits expense’.
Curtailment gains and losses are accounted for as past service costs.
The retirement benefit obligation recognised in the balance sheet represents the actual deficit or surplus in the Company’s defined benefit plans.
Any surplus resulting from this calculation is limited to the present value of any economic benefits available in the form of refunds from the plans
or reductions in future contributions to the plans.
Short-term and other long-term employee benefits
A liability is recognised for benefits accruing to employees in respect of wages and salaries, annual leave and sick leave in the period the related
service is rendered at the undiscounted amount of the benefits expected to be paid in exchange for that service.
Liabilities recognised in respect of short-term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in
exchange for the related service.
Liabilities recognised in respect of other long-term employee benefits are measured at the present value of the estimated future cash outflows
expected to be made by the Company in respect of services provided by employees up to the reporting date.
Financial instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the contract embodying the related financial
instruments. All financial assets, financial liabilities and financial guarantee contracts are initially measured at transaction cost and where such
values are different from the fair value, at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets
and financial liabilities (other than financial assets and financial liabilities at fair value through profit and loss) are added to or deducted from the
fair value measured on initial recognition of financial asset or financial liability. Transaction costs directly attributable to the acquisition of
financial assets and financial liabilities at fair value through profit and loss are immediately recognised in the statement of profit and loss.
Effective interest method
The effective interest method is a method of calculating the amortised cost of a financial instrument and of allocating interest income or expense
over the relevant period. The effective interest rate is the rate that exactly discounts future cash receipts or payments through the expected life of
the financial instrument, or where appropriate, a shorter period.
(a) Financial assets
Financial assets at amortised cost
Financial assets are subsequently measured at amortised cost if these financial assets are held within a business model whose objective is to hold
these assets in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that
are solely payments of principal and interest on the principal amount outstanding.
Financial assets measured at fair value
Financial assets are measured at fair value through other comprehensive income if these financial assets are held within a business model whose
objective is to hold these assets in order to collect contractual cash flows or to sell these financial assets and the contractual terms of the financial
asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
Financial asset not measured at amortised cost or at fair value through other comprehensive income is carried at fair value through the statement
of profit and loss.
For financial assets maturing within one year from the balance sheet date, the carrying amounts approximate fair value due to the short maturity
of these instruments.
Impairment of financial assets
Loss allowance for expected credit losses is recognised for financial assets measured at amortised cost and fair value through the statement of
profit and loss.
The company recognises impairment loss on trade receivables using expected credit loss model, which involves use of provision matrix
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constructed on the basis of historical credit loss experience as permitted under IndAS 109 – Impairment loss on investments.
For financial assets whose credit risk has not significantly increased since initial recognition, loss allowance equal to twelve months expected
credit losses is recognised. Loss allowance equal to the lifetime expected credit losses is recognised if the credit risk on the financial instruments
has significantly increased since initial recognition.
De-recognition of financial assets
The Company de-recognises a financial asset only when the contractual rights to the cash flows from the financial asset expire, or it transfers the
financial asset and the transfer qualifies for de-recognition under IndAS 109.
If the Company neither transfers nor retains substantially all the risks and rewards of ownership and continues to control the transferred asset, the
Company recognises its retained interest in the assets and an associated liability for amounts it may have to pay.
If the Company retains substantially all the risks and rewards of ownership of a transferred financial asset, the Company continues to recognise
the financial asset and also recognises a collateralised borrowing for the proceeds received.
On de-recognition of a financial asset in its entirety, the difference between the carrying amounts measured at the date of de-recognition and the
consideration received is recognised in statement of profit or loss.
(b) Financial liabilities and equity instruments
Classification as debt or equity
Financial liabilities and equity instruments issued by the Company are classified according to the substance of the contractual arrangements
entered into and the definitions of a financial liability and an equity instrument.
Equity Instruments
An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity
instruments are recorded at the proceeds received, net of direct issue costs.
Financial Liabilities
Financial liabilitiesare initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost, using the
effective interest rate method where the time value of money is significant. Interest bearing bank loans, overdrafts and issued debt are initially
measured at fair value and are subsequently measured at amortised cost using the effective interest rate method. Any difference between the
proceeds (net of transaction costs) and the settlement or redemption of borrowings is recognised over the term of the borrowings in the statement
of profit and loss.
For trade and other payables maturing within one year from the balance sheet date, the carrying amounts approximate fair value due to the short
maturity of these instruments.
De-recognition
A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. When an existing financial
liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially
modified, such an exchange or modification is treated as the de-recognition of the original liability and the recognition of a new liability. The
difference in the respective carrying amounts is recognised in the statement of profit and loss.
Off-setting of financial instruments
Financial assets and financial liabilities are offset and the net amount is reported in the standalone balance sheet if there is a currently enforceable
legal right to offset the recognised amounts and there is an intention to settle on a net basis, to realise the assets and settle the liabilities
simultaneously.
Cash and cash equivalents
Cash and cash equivalent in the balance sheet comprise cash at banks and on hand and short-term deposits with an original maturity of three
months or less, which are subject to an insignificant risk of changes in value.
For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term deposits, as defined above, net of
outstanding bank overdrafts as they are considered an integral part of the Company’s cash management.
Foreign currencies
In preparing the financial statements, transactions in the currencies other than the Company’s functional currency are recorded at the rates of
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exchange prevailing on the date of transaction. At the end of each reporting period, monetary items denominated in the foreign currencies are
re-translated at the rates prevailing at the end of the reporting period. Non-monetary items carried at fair value that are denominated in foreign
currencies are retranslated at the rates prevailing on the date when the fair value was determined. Non-monetary items are measured in terms of
historical cost in a foreign currency are not retranslated.
Exchange differences arising on translation of long term foreign currency monetary items recognised in the financial statements before the
beginning of the first IndAS financial reporting period in respect of which the Company has elected to recognise such exchange differences in
equity or as part of cost of property, plant and equipment as allowed under IndAS 101-“First time adoption of Indian Accounting Standard” are
recognised directly in equity or added/ deducted to/ from the cost of property, plant and equipment as the case may be. Such exchange differences
recognised in equity or as part of cost of property, plant and equipment is recognised in the statement of profit and loss on a systematic basis.
Exchange differences arising on the retranslation or settlement of other monetary items are included in the statement of profit and loss for the
period.
Government grants
Government grants are not recognised until there is reasonable assurance that the Company will comply with the conditions attaching to them and
that the grants will be received.
Government grants relating to the purchase of property, plant and equipment are deducted while calculating the carrying amount of the asset
resulting in reduced depreciation over the life of property, plant and equipment.
Grants other than those relating to property, plant and equipment are recognised as deferred revenue in the balance sheet and transferred to the
Statement of Profit or Loss as and when the related obligations associated with the Grants are met by the Company.
3. Significant accounting judgements, estimates and assumptions
The preparation of the Company's financial statements requires management to make judgements, estimates and assumptions that affect the
reported amount of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of contingent liabilities.
Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or
liabilities affected in future periods.
Actual results could differ from estimates. The estimates and the underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised and future periods affected.
Significant judgements and estimates relating to the carrying values of assets and liabilities include provision for employee benefits and other
provisions, recoverability of deferred tax assets, commitments and contingencies.
i) Estimates and assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of
causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below. The Company
based its assumptions and estimates on parameters available when the financial statements were prepared. Existing circumstances and
assumptions about future developments, however, may change due to market changes or circumstances arising that are beyond the control of the
Company. Such changes are reflected in the assumptions when they occur.
a. Taxes
Deferred tax assets including MAT Credit Entitlement is recognised to the extent that it is probable that taxable profit will be available against
which the same can be utilised. Significant management judgement is required to determine the amount of deferred tax assets that can be
recognised, based upon the likely timing and the level of future taxable profits together with future tax planning strategies. Refer note 30(a) and
30(b) for further disclosures.
b. Contingencies
Contingent liabilities may arise from the ordinary course of business in relation to claims against the Company, including legal and contractual
claims. By their nature, contingencies will be resolved only when one or more uncertain future events occur or fail to occur. The assessment of
the existence, and potential quantum, of contingencies inherently involves the exercise of significant judgement and the use of estimates regarding
the outcome of future events.
In respect of financial guarantees provided by the Company to third parties, the Company considers that it is more likely than not that such an
amount will not be payable under the guarantees provided. Refer note 33 for further disclosure.
c. Provision for warranty

d. Defined benefit plans (gratuity benefits)

The cost of the defined benefit gratuity plan and the present value of the gratuity obligation are determined using actuarial valuations. An
actuarial valuation involves making various assumptions that may differ from actual developments in the future. These include the determination
of the discount rate, future salary increases and mortality rates. Due to the complexities involved in the valuation and its long-term nature, a
defined benefit obligation is highly sensitive to changes in these assumptions. All assumptions are reviewed at each reporting date.
The parameter most subject to change is the discount rate. In determining the appropriate discount rate for plans operated in India, the
management considers the interest rates of government bonds.
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The mortality rate is based on publicly available mortality tables for India. Those mortality tables tend to change only at interval in response to
demographic changes. Future salary increases and gratuity increases are based on expected future inflation rates.
[610200] Notes - Corporate information and statement of IndAs compliance

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of corporate information notes and other explanatory information
[TextBlock]
R e f e r R e f e r
Statement of Ind AS compliance [TextBlock] Accouting Policies Accouting Policies
Whether there is any departure from Ind AS No No
Whether there are reclassifications to comparative amounts No No
Disclosure of significant accounting policies [TextBlock] [See below]
Disclosure of objectives, policies and processes for managing capital Textual information (19)
[TextBlock] [See below]
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Disclosure of significant accounting policies [Text Block]

General information
Autoliv India Private Limited (‘the Company’) was incorporated on October 15, 2000 with its registered office and principal of place of business
situated at 80/3, Chokkahalli Village, Doddalluru Gram Panchayat, Hoskote Industrial Estate, Bangalore - 562114. The Company is a subsidiary
of Autoliv AB, Sweden, a manufacturer of integrated safety systems for major automotive manufacturers. The key products manufactured by the
Company include seat belts, airbags, steering wheels and other car safety products.
The financial statements were authorised for issue in accordance with a resolution of the directors on August xx, 2019.
Significant accounting policies
The significant accounting policies applied by the Company in the preparation of its financial statements are listed below. Such accounting
policies have been applied consistently to all the periods presented in these financial statements and in preparing the IndAS Balance Sheet as at
31st March 2019, unless otherwise indicated.
Basis of preparation
The financial statements of the company have been prepared in accordance with Indian accounting standards (IND AS) as per the Companies
(Indian accounting standards) Rules 2015 as amended and notified under section 133 of the Companies Act 2013, (the “Act”) and other relevant
rules of the Act.
The financial statements have been prepared on a historical cost basis, except for certain financial assets and liabilities (refer accounting policy
regarding financial instruments) and defined benefit plans (plan assets) which have been measured at fair value.
Current versus non-current classification: The assets and liabilities have been classified as current and non-current as per the companies normal
operating cycle and other criteria set out in the schedule III to the companies Act, 2013 based on the nature of product and time between the
acquisition of asset for processing and their realisation in cash and cash equivalents, the company has ascertained its operating cycle as 12 months
for purpose of current and non-current classification for assets and liabilities.
The functional and presentation currency of the Company is Indian Rupee (“Rs”) which is the currency of the primary economic environment in
which the Company operates.
2.2 Summary of significant accounting policies

Fair value measurement of financial instruments
The Company measures financial instruments, such as, derivatives, loans at fair value at each balance sheet date using valuation techniques.
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at
the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes
place either:
In the principal market for the asset or liability, or

In the absence of a principal market, in the most advantageous market for the asset or liability
The principal or the most advantageous market must be accessible by the Company.
The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability,
assuming that market participants act in their economic best interest.
The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value,
maximising the use of relevant observable inputs and minimising the use of unobservable inputs.
All assets and liabilities for which fair value is measured or disclosed in the standalone financial statements are categorised within the fair value
hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:
Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities
Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly
observable
Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable
For assets and liabilities that are recognised in the financial statements on a recurring basis, the Company determines whether transfers have
occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is significant to the fair value
measurement as a whole) at the end of each reporting period.
Revenue recognition
Revenue from the sale of vehicles and service parts is recognized upon transfer of control to customers which is when performance obligation is
met. Revenue is measured at the amount of consideration which the Company expects to be entitled to in exchange for transferring distinct goods
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or services to a customer as specified in the contract, excluding amounts collected on behalf of third parties (for example taxes and duties
collected on behalf of the government). Consideration is generally due upon satisfaction of performance obligations and a receivable is
recognized when it becomes unconditional.
The specific recognition criteria described below must also be met before revenue is recognised.
i) Sale of goods and components

Domestic customers are generally the original equipment manufacturers (OEM’s).The Company recognizes revenue on the sale of goods, net of
discounts, sales incentives and rebates granted when control of the goods is transferred to the customer The control of goods is transferred to the
customer depending upon the incoterms or as agreed with customer or delivery basis. Control is considered to be transferred to customer when
customer has ability to direct the use of such goods and obtain substantially all the benefits from it such as following delivery, the customer has
full discretion over the manner of distribution and price to sell the goods, has the primary responsibility when on selling the goods and bears the
risks of obsolescence and loss in relation to the goods. This is also the point at which invoices are issued, with payment typically due within 60
days.
Advance received from customer before transfer of control of goods to the customer is recognised as contract liability. A receivable is recognised
by the Company when the control over the goods is transferred to the customer such as when goods are delivered as this represents the point in
time at which the right to consideration becomes unconditional, as only the passage of time is required before payment is due.
Sales-related warranties are an assurance that the products sold comply with agreed-upon specifications. Accordingly, the Company accounts for
provision for warranties in accordance with Ind AS 37 Provisions, Contingent Liabilities and Contingent Assets. The Company also exports
products outside India to its group companies. Transfer of control, and therefore revenue in case of export sales is recognised at a point in time
when the title and risks and rewards of ownership are transferred to the customer and which is when the performance obligation is met.
Amount disclosed as revenue are inclusive of excise duty and are net of returns, trade discounts, cash discounts, sales incentive, etc.
ii) Sale of services

Revenue for providing services is recognized as per the terms of the agreement entered into by the Company with its customers.Sale of service
with respect to fixed price contract is recognised based on arrangements/agreements with the concerned parties using the proportionate
completion method and revenue with respect to time-and-material contracts are recognised at the point of time when control is transferred to
customer.
iii) Revenue earned in excess of billings has been included under ‘other assets’ as unbilled revenue and billings in excess of revenue earned has
been disclosed under ‘other liabilities’ as unearned revenue.
iv) Other income
Interest income
Interest received on bank deposits is taken at agreed interest rate with the bank from time to time. Interest accrued but not received is accrued for
in the books of accounts as on March 31, 2019.
Ind AS 115 - Revenue from contract with customers

On April 1, 2018, Company adopted Ind AS 115, “Revenue from Contracts with Customers”. The effect on adoption of Ind AS 115 was not
material.
Taxes on income
Income tax expense represents the sum of the tax currently payable and deferred tax.
Current income tax
The current income tax is based on taxable profit for the year. Taxable profit differs from ‘profit before tax’ as reported in the statement of profit
and loss because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The
Company’s current tax is calculated using tax rates that have been enacted by the end of the reporting period.
Deferred income tax
Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the financial statements and the
corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary
differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable
profits will be available against which those deductible temporary differences can be utilised. Such deferred tax assets and liabilities are not
recognised if the temporary difference arises from the initial recognition (other than in a business combination) of assets and liabilities in a
transaction that affects neither the taxable profit nor the accounting profit. In addition, deferred tax liabilities are not recognised if the temporary
difference arises from the initial recognition of goodwill.
Deferred tax liabilities are recognised for taxable temporary differences associated with investments in subsidiaries and associates, and interests in
joint ventures, except where the Company is able to control the reversal of the temporary difference and it is probable that the temporary
difference will not reverse in the foreseeable future. Deferred tax assets arising from deductible temporary differences associated with such
investments and interests are only recognised to the extent that it is probable that there will be sufficient taxable profits against which to utilise the
benefits of the temporary differences and they are expected to reverse in the foreseeable future.
The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable
that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset
realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
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The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company
expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax for the year
Current and deferred tax are recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or
directly in equity, in which case, the current and deferred tax are also recognised in other comprehensive income or directly in equity respectively.
Where current tax or deferred tax arises from the initial accounting for a business combination, the tax effect is included in the accounting for the
business combination.
Leasehold land is carried at historical cost and other property, plant and equipment are stated at historical cost less accumulated depreciation and
accumulated impairment losses, if any. Historical cost includes expenditure that is directly attributable to the acquisition of the items.
Items of stores and spares that meet the definition of plant, property and equipment are capitalized at cost and depreciated over their useful life.
Otherwise, such items are classified as inventories.
Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future
economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of
any component accounted for as a separate assets are derecognised when replaced. All other repairs and maintenance are charged to profit and
loss during the reporting period in which they are incurred.
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Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets as follows:
Assets Useful lives estimated by the management (in years)
Plant and Machinery - Specific 4
Plant and Machinery – General 7
Plant and Machinery - Textile Loom 8
Computers 3
Electrical Fittings 7
Furniture and Fixtures 5
Testing Equipment’s 7
Office Equipment’s 5
Vehicles 5
Building 20
Leasehold improvements are depreciated over the period of lease or estimated useful life, whichever is lower, on straight line basis.
Tools are depreciated over a period of three years on a straight line basis.
As the useful lives in respect of few of these assets are different from the useful lives as prescribed under Part C of Schedule II of the Act, the
management on the basis of internal assessment of usage pattern believes that the useful lives as mentioned above best represents the period over
which management expects to use these assets.
The residual values, useful lives and methods of depreciation of property, plant and equipment are reviewed at each financial year end and
adjusted prospectively, if appropriate.
An item of property, plant and equipment and any significant part initially recognised is derecognised upon disposal or when no future economic
benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net
disposal proceeds and the carrying amount of the asset) is included in the statement of profit and loss when the asset is derecognised.
The Company identifies and determines cost of asset significant to the total cost of the asset having useful life that is materially different from that
of the remaining life.
Plant, property and equipment held for sale is valued at lower of their carrying amount and net realisable value. Any write-down is recognized in
the statement of profit and loss
Intangible assets
Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible assets are carried at cost
less accumulated amortisation and accumulated impairment losses, if any.
Intangible assets with finite lives are amortised over the useful economic life and assessed for impairment whenever there is an indication that the
intangible asset may be impaired. The amortisation period and the amortisation method for an intangible asset with a finite useful life are
reviewed at least at the end of each reporting period with the effect of any change in the estimate being accounted for on a prospective basis.
Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are considered to
modify the amortisation period or method, as appropriate, and are treated as changes in accounting estimates. The amortisation expense on
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intangible assets with finite lives is recognised in the statement of profit and loss unless such expenditure forms part of carrying value of another
asset.
Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognized in the statement of profit and loss when the asset is derecognized.
Computer Software is depreciated over a period of 3 years or the useful life whichever is lower, on a straight-line basis.
Research and development costs
Research costs are expensed as incurred. Development expenditure incurred on an individual project is recognized as an intangible asset when the
Company can demonstrate all the following:
The technical feasibility of completing the intangible asset so that it will be available for use or sale
Its intention to complete the asset
Its ability to use or sell the asset
How the asset will generate future economic benefits
The availability of adequate resources to complete the development and to use or sell the asset
The ability to measure reliably the expenditure attributable to the intangible asset during development.
Following the initial recognition of the development expenditure as an asset, the cost model is applied requiring the asset to be carried at cost less
any accumulated amortization and accumulated impairment losses. Amortization of the asset begins when development is complete and the asset
is available for use. It is amortized on a straight line basis over the period of expected future benefit from the related project, i.e., the estimated
useful life of ten years. Amortization is recognized in the statement of profit and loss. During the period of development, the asset is tested for
impairment annually.
Borrowing cost
Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds. Borrowing cost also includes
exchange differences to the extent regarded as an adjustment to the borrowing costs.
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily takes a
substantial period of time to get ready for its intended use or sale are capitalised as part of the cost of the asset until such time as the assets are
substantially ready for the intended use or sale. All other borrowing costs are expensed in the period in which they occur.
Leases
The determination of whether an arrangement is (or contains) a lease is based on the substance of the arrangement at the inception of the lease.
The arrangement is, or contains, a lease if fulfilment of the arrangement is dependent on the use of a specific asset or assets and the arrangement
conveys a right to use the asset or assets, even if that right is not explicitly specified in an arrangement.
A lease is classified at the inception date as a finance lease or an operating lease.
For arrangements entered into prior to April 1, 2016, the Company has determined whether the arrangement contain lease on the basis of facts and
circumstances existing on the date of transition.
Company as a lessee
A lease that transfers substantially all the risks and rewards incidental to ownership to the Company is classified as a finance lease.
A leased asset is depreciated over the useful life of the asset. However, if there is no reasonable certainty that the Company will obtain ownership
by the end of the lease term, the asset is depreciated over the shorter of the estimated useful life of the asset and the lease term.
Finance leases are capitalised at the commencement of the lease at the inception date fair value of the leased asset or, at the present value of the
minimum lease payments at the inception of the lease, whichever is lower. Lease payments are apportioned between 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 recognised
in finance costs in the statement of profit and loss, unless they are directly attributable to qualifying assets, in which case they are capitalized in
accordance with the Company’s general policy on the borrowing costs.
Operating lease payments are recognised as an expense in the statement of profit and loss on a straight-line basis over the lease term unless either:
another systematic basis is more representative of the time pattern of the user’s benefit even if the payments to the lessors are not on that basis; or
the payments to the lessor are structured to increase in line with expected general inflation to compensate for the lessor’s expected inflationary
cost increases. If payments to the lessor vary because of factors other than general inflation, then this condition is not met.
Inventories
Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and estimated costs
necessary to make the sale.
Raw materials, components, stores and spares

Raw materials, components, stores and spares are valued at lower of cost and net realizable value. However, materials and other items held for use
in the production of inventories are not written down below cost if the finished products in which they will be incorporated are expected to be
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sold at or above cost.Cost of Raw material and indirect material includes cost of purchase and other cost incurred in bringing the inventories to
their present location and condition.
Work-in-progress
Work-in-progress are valued at lower of cost and net realizable value. Cost includes direct materials and labour and a proportion of manufacturing
overheads based on normal operating capacity.
Traded / Finished goods

Traded / finished goods are valued at lower of cost and net realizable value. Cost includes cost of purchase and other costs incurred in bringing
the inventories to their present location and condition. Further, cost of finished goods includes excise duty.
Impairment of assets
As at the end of each accounting year, the company reviews the carrying amounts of its Property Plant and Equipment, intangible assets to
determine whether there is any indication that those assets have suffered an impairment loss. If such indication exists, the said assets are tested for
impairment so as to determine the impairment loss, if any.
Impairment loss is recognised when the carrying amount of an asset exceeds its recoverable amount. Recoverable amount is determined:
(i) in the case of an individual asset, at the higher of the net selling price and the value in use; and
(ii)in the case of a cash generating unit (a group of assets that generates identified, independent cash flows), at the higher of the cash generating
unit’s net selling price and the value in use.
(The amount of value in use is determined as the present value of estimated future cash flows from the continuing use of an asset and from its
disposal at the end of its useful life. For this purpose, the discount rate (pre-tax) is determined based on the weighted average cost of capital of the
company suitably adjusted for risks specified to the estimated cash flows of the asset).
For this purpose, a cash generating unit is ascertained as the smallest identifiable group of assets that generates cash inflows that are largely
independent of the cash inflows from other assets or groups of assets.
If recoverable amount of an asset (or cash generating unit) is estimated to be less than its carrying amount, such deficit is recognised immediately
in the Statement of Profit and Loss as impairment loss and the carrying amount of the asset (or cash generating unit) is reduced to its recoverable
amount.
When an impairment loss subsequently reverses, the carrying amount of the asset (or cash generating unit) is increased to the revised estimate of
its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no
impairment loss is recognised for the asset (or cash generating unit) in prior years. A reversal of an impairment loss is recognised immediately in
the Statement of Profit and Loss.
Provisions and contingent liabilities
Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an
outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of
the obligation. When the Company expects some or all of a provision to be reimbursed, for example, under an insurance contract, the
reimbursement is recognised as a separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision is
presented in the Statement of Profit and Loss net of any reimbursement.
If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks
specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.
A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence
of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not probable
that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a
liability that cannot be recognized because it cannot be measured reliably. The Company does not recognize a contingent liability but discloses its
existence in the financial statements.
Provisions and contingent liability are reviewed at each balance sheet.
Warranty provisions
Employee benefits
Retirement benefit costs and termination benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to
the contributions.
For defined benefit retirement benefit plans, the cost of providing benefits is determined using the projected unit credit method, with actuarial
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valuations being carried out at the end of each annual reporting period. Re-measurement, comprising actuarial gains and losses, the effect of the
changes to the asset ceiling (if applicable) and the return on plan assets (excluding net interest), is reflected immediately in the balance sheet with
a charge or credit recognised in other comprehensive income in the period in which they occur. Re-measurement recognised in other
comprehensive income is reflected immediately in retained earnings and is not reclassified to profit or loss. Past service cost is recognised in
profit or loss in the period of a plan amendment. Net interest is calculated by applying the discount rate at the beginning of the period to the net
defined benefit liability or asset. Defined benefit costs are categorised as follows:
· service cost (including current service cost, past service cost, as well as gains and losses on curtailments and settlements);
· net interest expense or income; and
· re-measurement
The Company presents the first two components of defined benefit costs in profit or loss in the line item ‘Employee benefits expense’.
Curtailment gains and losses are accounted for as past service costs.
The retirement benefit obligation recognised in the balance sheet represents the actual deficit or surplus in the Company’s defined benefit plans.
Any surplus resulting from this calculation is limited to the present value of any economic benefits available in the form of refunds from the plans
or reductions in future contributions to the plans.
Short-term and other long-term employee benefits
A liability is recognised for benefits accruing to employees in respect of wages and salaries, annual leave and sick leave in the period the related
service is rendered at the undiscounted amount of the benefits expected to be paid in exchange for that service.
Liabilities recognised in respect of short-term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in
exchange for the related service.
Liabilities recognised in respect of other long-term employee benefits are measured at the present value of the estimated future cash outflows
expected to be made by the Company in respect of services provided by employees up to the reporting date.
Financial instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the contract embodying the related financial
instruments. All financial assets, financial liabilities and financial guarantee contracts are initially measured at transaction cost and where such
values are different from the fair value, at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets
and financial liabilities (other than financial assets and financial liabilities at fair value through profit and loss) are added to or deducted from the
fair value measured on initial recognition of financial asset or financial liability. Transaction costs directly attributable to the acquisition of
financial assets and financial liabilities at fair value through profit and loss are immediately recognised in the statement of profit and loss.
Effective interest method
The effective interest method is a method of calculating the amortised cost of a financial instrument and of allocating interest income or expense
over the relevant period. The effective interest rate is the rate that exactly discounts future cash receipts or payments through the expected life of
the financial instrument, or where appropriate, a shorter period.
(a) Financial assets
Financial assets at amortised cost
Financial assets are subsequently measured at amortised cost if these financial assets are held within a business model whose objective is to hold
these assets in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that
are solely payments of principal and interest on the principal amount outstanding.
Financial assets measured at fair value
Financial assets are measured at fair value through other comprehensive income if these financial assets are held within a business model whose
objective is to hold these assets in order to collect contractual cash flows or to sell these financial assets and the contractual terms of the financial
asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
Financial asset not measured at amortised cost or at fair value through other comprehensive income is carried at fair value through the statement
of profit and loss.
For financial assets maturing within one year from the balance sheet date, the carrying amounts approximate fair value due to the short maturity
of these instruments.
Impairment of financial assets
Loss allowance for expected credit losses is recognised for financial assets measured at amortised cost and fair value through the statement of
profit and loss.
The company recognises impairment loss on trade receivables using expected credit loss model, which involves use of provision matrix
71
constructed on the basis of historical credit loss experience as permitted under IndAS 109 – Impairment loss on investments.
For financial assets whose credit risk has not significantly increased since initial recognition, loss allowance equal to twelve months expected
credit losses is recognised. Loss allowance equal to the lifetime expected credit losses is recognised if the credit risk on the financial instruments
has significantly increased since initial recognition.
De-recognition of financial assets
The Company de-recognises a financial asset only when the contractual rights to the cash flows from the financial asset expire, or it transfers the
financial asset and the transfer qualifies for de-recognition under IndAS 109.
If the Company neither transfers nor retains substantially all the risks and rewards of ownership and continues to control the transferred asset, the
Company recognises its retained interest in the assets and an associated liability for amounts it may have to pay.
If the Company retains substantially all the risks and rewards of ownership of a transferred financial asset, the Company continues to recognise
the financial asset and also recognises a collateralised borrowing for the proceeds received.
On de-recognition of a financial asset in its entirety, the difference between the carrying amounts measured at the date of de-recognition and the
consideration received is recognised in statement of profit or loss.
(b) Financial liabilities and equity instruments
Classification as debt or equity
Financial liabilities and equity instruments issued by the Company are classified according to the substance of the contractual arrangements
entered into and the definitions of a financial liability and an equity instrument.
Equity Instruments
An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity
instruments are recorded at the proceeds received, net of direct issue costs.
Financial Liabilities
Financial liabilitiesare initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost, using the
effective interest rate method where the time value of money is significant. Interest bearing bank loans, overdrafts and issued debt are initially
measured at fair value and are subsequently measured at amortised cost using the effective interest rate method. Any difference between the
proceeds (net of transaction costs) and the settlement or redemption of borrowings is recognised over the term of the borrowings in the statement
of profit and loss.
For trade and other payables maturing within one year from the balance sheet date, the carrying amounts approximate fair value due to the short
maturity of these instruments.
De-recognition
A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. When an existing financial
liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially
modified, such an exchange or modification is treated as the de-recognition of the original liability and the recognition of a new liability. The
difference in the respective carrying amounts is recognised in the statement of profit and loss.
Off-setting of financial instruments
Financial assets and financial liabilities are offset and the net amount is reported in the standalone balance sheet if there is a currently enforceable
legal right to offset the recognised amounts and there is an intention to settle on a net basis, to realise the assets and settle the liabilities
simultaneously.
Cash and cash equivalents
Cash and cash equivalent in the balance sheet comprise cash at banks and on hand and short-term deposits with an original maturity of three
months or less, which are subject to an insignificant risk of changes in value.
For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term deposits, as defined above, net of
outstanding bank overdrafts as they are considered an integral part of the Company’s cash management.
Foreign currencies
In preparing the financial statements, transactions in the currencies other than the Company’s functional currency are recorded at the rates of
72
exchange prevailing on the date of transaction. At the end of each reporting period, monetary items denominated in the foreign currencies are
re-translated at the rates prevailing at the end of the reporting period. Non-monetary items carried at fair value that are denominated in foreign
currencies are retranslated at the rates prevailing on the date when the fair value was determined. Non-monetary items are measured in terms of
historical cost in a foreign currency are not retranslated.
Exchange differences arising on translation of long term foreign currency monetary items recognised in the financial statements before the
beginning of the first IndAS financial reporting period in respect of which the Company has elected to recognise such exchange differences in
equity or as part of cost of property, plant and equipment as allowed under IndAS 101-“First time adoption of Indian Accounting Standard” are
recognised directly in equity or added/ deducted to/ from the cost of property, plant and equipment as the case may be. Such exchange differences
recognised in equity or as part of cost of property, plant and equipment is recognised in the statement of profit and loss on a systematic basis.
Exchange differences arising on the retranslation or settlement of other monetary items are included in the statement of profit and loss for the
period.
Government grants
Government grants are not recognised until there is reasonable assurance that the Company will comply with the conditions attaching to them and
that the grants will be received.
Government grants relating to the purchase of property, plant and equipment are deducted while calculating the carrying amount of the asset
resulting in reduced depreciation over the life of property, plant and equipment.
Grants other than those relating to property, plant and equipment are recognised as deferred revenue in the balance sheet and transferred to the
Statement of Profit or Loss as and when the related obligations associated with the Grants are met by the Company.
3. Significant accounting judgements, estimates and assumptions
The preparation of the Company's financial statements requires management to make judgements, estimates and assumptions that affect the
reported amount of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of contingent liabilities.
Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or
liabilities affected in future periods.
Actual results could differ from estimates. The estimates and the underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised and future periods affected.
Significant judgements and estimates relating to the carrying values of assets and liabilities include provision for employee benefits and other
provisions, recoverability of deferred tax assets, commitments and contingencies.
i) Estimates and assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of
causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below. The Company
based its assumptions and estimates on parameters available when the financial statements were prepared. Existing circumstances and
assumptions about future developments, however, may change due to market changes or circumstances arising that are beyond the control of the
Company. Such changes are reflected in the assumptions when they occur.
a. Taxes
Deferred tax assets including MAT Credit Entitlement is recognised to the extent that it is probable that taxable profit will be available against
which the same can be utilised. Significant management judgement is required to determine the amount of deferred tax assets that can be
recognised, based upon the likely timing and the level of future taxable profits together with future tax planning strategies. Refer note 30(a) and
30(b) for further disclosures.
b. Contingencies
Contingent liabilities may arise from the ordinary course of business in relation to claims against the Company, including legal and contractual
claims. By their nature, contingencies will be resolved only when one or more uncertain future events occur or fail to occur. The assessment of
the existence, and potential quantum, of contingencies inherently involves the exercise of significant judgement and the use of estimates regarding
the outcome of future events.
In respect of financial guarantees provided by the Company to third parties, the Company considers that it is more likely than not that such an
amount will not be payable under the guarantees provided. Refer note 33 for further disclosure.
c. Provision for warranty

d. Defined benefit plans (gratuity benefits)

The cost of the defined benefit gratuity plan and the present value of the gratuity obligation are determined using actuarial valuations. An
actuarial valuation involves making various assumptions that may differ from actual developments in the future. These include the determination
of the discount rate, future salary increases and mortality rates. Due to the complexities involved in the valuation and its long-term nature, a
defined benefit obligation is highly sensitive to changes in these assumptions. All assumptions are reviewed at each reporting date.
The parameter most subject to change is the discount rate. In determining the appropriate discount rate for plans operated in India, the
management considers the interest rates of government bonds.
73
The mortality rate is based on publicly available mortality tables for India. Those mortality tables tend to change only at interval in response to
demographic changes. Future salary increases and gratuity increases are based on expected future inflation rates.
Disclosure of objectives, policies and processes for managing capital [Text Block]
Capital management
For the purpose of the Company’s capital management, capital includes issued equity capital, share premium and all other equity reserves
attributable to the equity holders of the Company. The primary objective of the Company’s capital management is to maximise the shareholder
value.
The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the
financial covenants. The Company monitors capital using a gearing ratio, which is total debt divided by total capital plus total debt. The
Company’s policy is to keep the gearing ratio at an optimum level to ensure that the debt related covenant are complied with.
At March 31, 2018 At March 31, 2017 At April 1, 2016
Borrowings (refer note 15) 2,032.83 1,551.43 2,411.48
Less: Cash and Cash Equivalents (1,495.15) (714.32) (50.31)
Net debt 537.68 837.11 2,361.17
Capital components
Equity share capital 78.10 78.10 61.23
Other equity - - -
Total Capital 78.10 78.10 61.23
Capital and borrowings 615.78 915.21 2,422.40
Gearing ratio(%) 87.32% 91.47% 97.47%
In order to achieve this overall objective, the Company’s capital management, amongst other things, aims to ensure that it meets financial
covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. Breaches in meeting the financial
covenants would permit the bank to immediately call loans and borrowings. There have been no material breaches in the financial covenants of
any interest-bearing loans and borrowing in the current period.
No changes were made in the objectives, policies or processes for managing capital during the years ended March 31, 2018 and March 31, 2017.
74
[610300] Notes - Accounting policies, changes in accounting estimates and errors

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of changes in accounting policies, accounting estimates and errors
[TextBlock]
Disclosure of initial application of standards or interpretations
[TextBlock]
Whether initial application of an Ind AS has an effect on the
No No
current period or any prior period
Disclosure of voluntary change in accounting policy [TextBlock]
Whether there is any voluntary change in accounting policy No No
Disclosure of changes in accounting estimates [TextBlock]
Whether there are changes in acounting estimates during the year No No
[400600] Notes - Property, plant and equipment
Disclosure of additional information about property plant and equipment [Table] ..(1)
Classes of property, plant and equipment [Axis] Land [Member]
[Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Assets held under lease [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of additional information about
property plant and equipment [Abstract]
property plant and equipment [Line items]
Depreciation method, property, plant and
NA NA
equipment
Useful lives or depreciation rates, property,
NA NA
plant and equipment
Whether property, plant and equipment are
No No
stated at revalued amount
Classes of property, plant and equipment [Axis] Buildings [Member] Factory building [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Assets held under lease [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Depreciation method, property, plant and Straight Line
Straight Line Method
equipment Method
20 20
plant and equipment
No No No No
75
Classes of property, plant and equipment [Axis] Plant and equipment [Member] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned assets [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
equipment Method
4 4
plant and equipment
No No No No
Classes of property, plant and equipment [Axis] Other plant and equipment [Member] Furniture and fixtures [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Depreciation method, property, plant and Straight Line Straight Line
Straight Line Method Straight Line Method
equipment Method Method
For Plant and
For Plant and
Machinery –
Machinery – General -
General - 7 For
7 For Plant and
Plant and Machinery
Useful lives or depreciation rates, property, Machinery - Textile
- Textile Loom - 8 5 5
plant and equipment Loom - 8 For
For Electrical
Electrical Fittings - 7
Fittings - 7 For
For Testing
Testing Equipment’s
Equipment’s - 7
-7
No No No No
Classes of property, plant and equipment [Axis] Vehicles [Member] Motor vehicles [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
equipment Method
5 5
plant and equipment
No No No No
76
Classes of property, plant and equipment [Axis] Office equipment [Member] Computer equipments [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Depreciation method, property, plant and Straight Line Straight Line
Straight Line Method Straight Line Method
equipment Method Method
5 5 3 3
plant and equipment
No No No No
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of additional information about property plant and equipment [Abstract]
Disclosure of additional information about property plant and equipment [Line items]
Primary Period of Primary Period of
Lease or Useful Lease or Useful lives
Depreciation method, property, plant and equipment lives of the assets, of the assets,
whichever is lower, whichever is lower,
on a SLM. on a SLM.
Useful lives or depreciation rates, property, plant and equipment Na Na
Whether property, plant and equipment are stated at revalued amount No No
77
Disclosure of detailed information about property, plant and equipment [Table] ..(1)
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 920.91 345.48 920.91
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-333.53 -305.49
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-333.53 -305.49
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and -14.92 -179.43 -14.92
equipment
Total increase (decrease) through
transfers and other changes, property, -14.92 -179.43 -14.92
plant and equipment
Disposals and retirements, property,
Disposals, property, plant and
-7.59 -93.57 0
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
-7.59 -93.57 0
78
Decrease through classified as held

for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
580.05 -45.87 905.99
plant and equipment
Property, plant and equipment at end of
1,609.58 1,029.53 1,075.4 2,443.38
period
79
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
[Abstract]
combinations, property, plant and 345.48
equipment
combinations, property, plant and 0
equipment
exchange differences, property, 0
plant and equipment
333.53 305.49
loss
0 0
333.53 305.49
equipment
equipment
0
equipment
plant and equipment
transfers, property, plant and 0
equipment
changes, property, plant and -179.43 0 0
equipment
transfers and other changes, property, -179.43 0 0
plant and equipment
0 7.59 93.57
equipment
0
equipment
0 7.59 93.57
80

equipment
equipment
166.05 325.94 211.92
plant and equipment
1,537.39 1,371.34 833.8 507.86
period
81
Property, plant and
Classes of property, plant and equipment [Axis] equipment Land [Member]
[Member]
Owned and leased
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
[Axis] impairment
[Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
[Abstract]
combinations, property, plant and 321.25 0
equipment
combinations, property, plant and 0 0
equipment
exchange differences, property, 0 0
plant and equipment
-3.24 0
loss
0 0
-3.24 0
equipment
equipment
0 0
equipment
plant and equipment
transfers, property, plant and 0 0
equipment
changes, property, plant and 0 0
equipment
transfers and other changes, property, 0 0
plant and equipment
0 0
equipment
82

0 0
equipment
0 0
for sale, property, plant and 0 0
equipment
subsidiary, property, plant and 0 0
equipment
318.01 0
plant and equipment
295.94 364.3 46.29 46.29
period
83
Classes of property, plant and equipment [Axis] Land [Member]
Accumulated
[Axis] impairment
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
[Abstract]
combinations, property, plant and 321.25 0
equipment
equipment
plant and equipment
3.24
loss
0
3.24
equipment
or loss, property, plant and 0
equipment
recognised in profit or loss, 0
0 0
comprehensive income, property, plant and 0
equipment
in other comprehensive income, property, 0
plant and equipment
equipment
changes, property, plant and 0 0 0
equipment
transfers and other changes, property, 0 0 0
plant and equipment
0 0 0
equipment
0 0
equipment
0 0 0
84

equipment
equipment
321.25 0 3.24
plant and equipment
367.54 46.29 46.29 3.24
period
85
Classes of property, plant and equipment [Axis] Land [Member] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Assets held under lease [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
[Abstract]
equipment
equipment
plant and equipment
0 -11.26 -11.26
loss
0 0 0
0 -11.26 -11.26
equipment
or loss, property, plant and 0 0 0
equipment
recognised in profit or loss, 0 0 0
0 0
comprehensive income, property, plant and 0 0 0
equipment
in other comprehensive income, property, 0 0 0
plant and equipment
equipment
equipment
plant and equipment
0 0 0
equipment
0 0
equipment
0 0 0
86

equipment
equipment
0 -11.26 -11.26
plant and equipment
0 0 141.56 152.82
period
Classes of property, plant and equipment [Axis] Buildings [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
[Axis] [Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
[Abstract]
equipment
equipment
plant and equipment
0 0
equipment
equipment
plant and equipment
0 0
equipment
0 0
equipment
0 0
equipment
equipment
0 0
plant and equipment
164.08 175.34 175.34 175.34
period
87
Factory building
Classes of property, plant and equipment [Axis] Buildings [Member]
[Member]
Assets held under
lease [Member]
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
11.26 11.26 -11.26
loss
0 0 0
11.26 11.26 -11.26
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0 0
equipment
0
equipment
0 0 0
88

equipment
equipment
11.26 11.26 -11.26
plant and equipment
33.78 22.52 11.26 141.56
period
89
Classes of property, plant and equipment [Axis] Factory building [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
[Abstract]
equipment
equipment
plant and equipment
-11.26
loss
0
-11.26
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0 0
equipment
0 0 0
equipment
0 0 0
90

equipment
equipment
-11.26 0 0
plant and equipment
152.82 164.08 175.34 175.34
period
91
Classes of property, plant and equipment [Axis] Factory building [Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
[Abstract]
11.26 11.26
loss
0 0
11.26 11.26
equipment
equipment
equipment
plant and equipment
equipment
plant and equipment
0 0
equipment
0 0
equipment
equipment
11.26 11.26
plant and equipment
175.34 33.78 22.52 11.26
period
92
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
-265.11 -213.19
loss
0 0
-265.11 -213.19
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
-1.73 -20.63 0
equipment
0 0 0
equipment
-1.73 -20.63 0
93

equipment
equipment
256.31 92.88 519.69
plant and equipment
1,016.06 759.75 666.87 1,675.19
period
94
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
[Abstract]
equipment
equipment
plant and equipment
265.11 213.19
loss
0 0
265.11 213.19
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 1.73 20.63
equipment
0
equipment
0 1.73 20.63
95

equipment
equipment
285.44 263.38 192.56
plant and equipment
1,155.5 870.06 659.13 395.75
period
96
Plant and
Classes of property, plant and equipment [Axis] equipment Factory equipments [Member]
[Member]
Owned assets
[Member]
Accumulated
[Axis] impairment
[Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
[Abstract]
combinations, property, plant and 390.08 214.1
equipment
equipment
plant and equipment
-200.89 -158.49
loss
0 0
-200.89 -158.49
equipment
equipment
0 0
equipment
plant and equipment
equipment
changes, property, plant and -2.44 -23.24
equipment
transfers and other changes, property, -2.44 -23.24
plant and equipment
-1.66 -20.62
equipment
97

0 0
equipment
-1.66 -20.62
equipment
equipment
188.41 52.99
plant and equipment
203.19 808.85 620.44 567.45
period
98
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Accumulated
[Axis] impairment
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
200.89
loss
0
200.89
equipment
equipment
0 0
equipment
plant and equipment
equipment
changes, property, plant and -2.44 -23.24 0
equipment
transfers and other changes, property, -2.44 -23.24 0
plant and equipment
0 0 1.66
equipment
0 0
equipment
0 0 1.66
99

equipment
equipment
387.64 190.86 199.23
plant and equipment
1,295.77 908.13 717.27 486.92
period
100
Classes of property, plant and equipment [Axis] Factory equipments [Member] Other plant and equipment [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
[Abstract]
equipment
equipment
plant and equipment
158.49 -64.22 -54.7
loss
0 0 0
158.49 -64.22 -54.7
equipment
equipment
0 0
equipment
plant and equipment
equipment
changes, property, plant and 0 -0.07 -0.02
equipment
transfers and other changes, property, 0 -0.07 -0.02
plant and equipment
20.62 -0.07 -0.01
equipment
0 0
equipment
20.62 -0.07 -0.01
101

equipment
equipment
137.87 67.9 39.89
plant and equipment
287.69 149.82 207.21 139.31
period
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
[Axis] [Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
[Abstract]
equipment
equipment
plant and equipment
0 0
equipment
equipment
plant and equipment
0 0
equipment
0 0
equipment
0 0
equipment
equipment
132.05 94.58
plant and equipment
99.42 379.42 247.37 152.79
period
102
Furniture and
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
fixtures [Member]
Owned assets
[Member]
[Axis] [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
64.22 54.7 -1.34
loss
0 0 0
64.22 54.7 -1.34
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
0.07 0.01 0
equipment
0
equipment
0.07 0.01 0
103

equipment
equipment
64.15 54.69 -1.34
plant and equipment
172.21 108.06 53.37 2.55
period
104
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
amount [Axis]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
[Abstract]
equipment
equipment
plant and equipment
-1.42
loss
0
-1.42
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
changes, property, plant and -0.04 0 -0.04
equipment
transfers and other changes, property, -0.04 0 -0.04
plant and equipment
-0.04 0 0
equipment
0 0 0
equipment
-0.04 0 0
105

equipment
equipment
-1.42 0 -0.04
plant and equipment
3.89 5.31 7.91 7.91
period
106
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
[Abstract]
1.34 1.42
loss
0 0
1.34 1.42
equipment
equipment
equipment
plant and equipment
equipment
plant and equipment
0 0.04
equipment
0 0.04
equipment
equipment
1.34 1.38
plant and equipment
7.95 5.36 4.02 2.64
period
107
Classes of property, plant and equipment [Axis] Vehicles [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
-5.14 -1.53
loss
0 0
-5.14 -1.53
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
-2.35 -4.14 0
equipment
0 0 0
equipment
-2.35 -4.14 0
108

equipment
equipment
21.48 3.5 24.27
plant and equipment
28.84 7.36 3.86 33.53
period
109
Classes of property, plant and equipment [Axis] Vehicles [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
[Abstract]
equipment
equipment
plant and equipment
5.14 1.53
loss
0 0
5.14 1.53
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 2.35 4.14
equipment
0
equipment
0 2.35 4.14
110

equipment
equipment
0.89 2.79 -2.61
plant and equipment
9.26 8.37 4.69 1.9
period
111
Classes of property, plant and equipment [Axis] Vehicles [Member] Motor vehicles [Member]
Owned assets
[Member]
Accumulated
[Axis] impairment
[Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
[Abstract]
equipment
equipment
plant and equipment
-5.14 -1.53
loss
0 0
-5.14 -1.53
equipment
equipment
0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
-2.35 -4.14
equipment
0 0
equipment
112

-2.35 -4.14
equipment
equipment
21.48 3.5
plant and equipment
4.51 28.84 7.36 3.86
period
113
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
Accumulated
[Axis] impairment
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
5.14
loss
0
5.14
equipment
equipment
0 0
equipment
plant and equipment
equipment
changes, property, plant and -2.6 -4.21 0
equipment
transfers and other changes, property, -2.6 -4.21 0
plant and equipment
0 0 2.35
equipment
0 0
equipment
0 0 2.35
114

equipment
equipment
24.27 0.89 2.79
plant and equipment
33.53 9.26 8.37 4.69
period
115
Classes of property, plant and equipment [Axis] Motor vehicles [Member] Office equipment [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
[Abstract]
equipment
equipment
plant and equipment
1.53 -1.89 -2.93
loss
0 0 0
1.53 -1.89 -2.93
equipment
equipment
0 0
equipment
plant and equipment
equipment
changes, property, plant and 0 -0.14 0
equipment
transfers and other changes, property, 0 -0.14 0
plant and equipment
4.14 -0.08 0
equipment
0 0
equipment
4.14 -0.08 0
116

equipment
equipment
-2.61 -0.4 -2.22
plant and equipment
1.9 4.51 3.94 4.34
period
Classes of property, plant and equipment [Axis] Office equipment [Member]
[Axis] [Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
[Abstract]
equipment
equipment
plant and equipment
0 0
equipment
changes, property, plant and -0.14 0
equipment
transfers and other changes, property, -0.14 0
plant and equipment
0 0
equipment
0 0
equipment
0 0
equipment
equipment
1.41 0.71
plant and equipment
6.56 13.47 12.06 11.35
period
117
Computer
Classes of property, plant and equipment [Axis] Office equipment [Member] equipments
[Member]
Owned assets
[Member]
[Axis] [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
[Abstract]
equipment
equipment
plant and equipment
1.89 2.93 -40.73
loss
0 0 0
1.89 2.93 -40.73
equipment
equipment
0
equipment
plant and equipment
equipment
changes, property, plant and 0 0 -9.67
equipment
transfers and other changes, property, 0 0 -9.67
plant and equipment
0.08 0 -3.43
equipment
0
equipment
118

0.08 0 -3.43
equipment
equipment
1.81 2.93 2.07
plant and equipment
9.53 7.72 4.79 27.59
period
119
Classes of property, plant and equipment [Axis] Computer equipments [Member]
amount [Axis]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
[Abstract]
equipment
equipment
plant and equipment
-56.12
loss
0
-56.12
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
equipment
plant and equipment
-30.64 0 0
equipment
0 0 0
equipment
-30.64 0 0
120

equipment
equipment
-77.57 39.37 -52.09
plant and equipment
25.52 103.09 137.79 98.42
period
121
Classes of property, plant and equipment [Axis] Computer equipments [Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
[Abstract]
40.73 56.12
loss
0 0
40.73 56.12
equipment
equipment
equipment
plant and equipment
equipment
plant and equipment
3.43 30.64
equipment
3.43 30.64
equipment
equipment
37.3 25.48
plant and equipment
150.51 110.2 72.9 47.42
period
122
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
[Abstract]
combinations, property, plant and 0 2.49 0
equipment
equipment
plant and equipment
-4.82 -19.04
loss
0 0
-4.82 -19.04
equipment
equipment
0 0 0
equipment
plant and equipment
equipment
changes, property, plant and 0 -71.35 0
equipment
transfers and other changes, property, 0 -71.35 0
plant and equipment
0 -38.12 0
equipment
0 0 0
equipment
0 -38.12 0
123

equipment
equipment
-4.82 -49.78 0
plant and equipment
24.74 29.56 79.34 32.61
period
124
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
[Abstract]
equipment
equipment
plant and equipment
4.82 19.04
loss
0 0
4.82 19.04
equipment
equipment
0
equipment
plant and equipment
equipment
equipment
plant and equipment
0 0 38.12
equipment
0
equipment
0 0 38.12
125

equipment
equipment
-68.86 4.82 -19.08
plant and equipment
32.61 101.47 7.87 3.05
period
Leasehold
Classes of property, plant and equipment [Axis] improvements
[Member]
Assets held under
Sub classes of property, plant and equipment [Axis]
lease [Member]
Accumulated
depreciation and
Carrying amount accumulated depreciation and gross carrying amount [Axis]
impairment
[Member]
31/03/2017
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Property, plant and equipment at end of period 22.13

01/04/2018
to
31/03/2019
Disclosure of property, plant and equipment [TextBlock] [See below]
Disclosure of detailed information about property, plant and equipment
[TextBlock]
Disclosure of property, plant and equipment [Text Block]

Notes
* Opening leasehold land pertains to land measuring 24,082 square meters allotted to the Company on August 16, 2010, by Karnataka Industrial
Area Development Board (KIADB) on a lease-cum-sale basis for a period of 10 years subject to the Company complying with the terms and
conditions stated in the agreement. Additions to leasehold land pertains to land measuring 48,562 square meters allotted to the Company on May
31, 2018, by Karnataka Industrial Area Development Board (KIADB) on a lease basis for a period of 99 years subject to the Company complying
with the terms and conditions stated in the agreement.
**Vehicles include vehicles taken on finance lease (Refer Note 33 I)

Gross block Rs. 33.12 million (March 31, 2018 : Rs. 8.85 million)
Depreciation charge for the year Rs. 5.03 million (March 31, 2018 : Rs. 2.11 million)
Accumulated depreciation Rs. 4.09 million (March 31, 2018: Rs. 1.42 million)
Net book value Rs. 28.09 million (March 31, 2018: Rs. 6.18
126
[612100] Notes - Impairment of assets

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of impairment of assets [TextBlock]
Disclosure of impairment loss and reversal of impairment loss [TextBlock]
Whether there is any impairment loss or reversal of impairment loss
No No
during the year
Disclosure of information for impairment loss recognised or reversed
for individual Assets or cash-generating unit [TextBlock]
Whether impairment loss recognised or reversed for individual Assets
No No
or cash-generating unit
[400700] Notes - Investment property

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of investment property [TextBlock]
Total direct operating expense from investment property 0 0
Rental income from investment property, net of direct operating expense 0 0
Depreciation method, investment property, cost model NA NA
Useful lives or depreciation rates, investment property, cost model NA NA
127
[400900] Notes - Other intangible assets
Disclosure of detailed information about other intangible assets [Table] ..(1)

Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and gross Gross carrying
carrying amount [Axis] amount [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of detailed information about other
intangible assets [Abstract]
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
3.31 13.98 3.31
combinations
Acquisitions through business combinations 0 0 0
Increase (decrease) through net exchange
0 0 0
differences
Amortisation other intangible assets -7.9 -21
Impairment loss recognised in profit or
0 0
loss
0 0
in profit or loss
Revaluation increase (decrease), other
0 0 0
intangible assets
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
transfers and other changes, other
0 0 0
transfers, other intangible assets
0 -18.02 0
changes
transfers and other changes, Other 0 -18.02 0
intangible assets
Disposals and retirements, other
Disposals 0 0 0
Retirements 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
0 0 0
subsidiary
Total increase (decrease) in Other
-4.59 -25.04 3.31
intangible assets
Other intangible assets at end of period 11.03 15.62 40.66 21.68
128

Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
[Member]
Carrying amount accumulated amortization and impairment and gross Accumulated amortization and
carrying amount [Axis] impairment [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
assets [Abstract]
13.98
combinations
Acquisitions through business combinations 0
0
differences
Amortisation other intangible assets 7.9 21
0 0
loss
0 0
in profit or loss
0
intangible assets
assets
intangible assets
0
-60.97 0 -42.95
changes
transfers and other changes, Other -60.97 0 -42.95
intangible assets
Disposals 0 0 0
Retirements 0
0 0 0
0 0 0
sale
0 0 0
subsidiary
-46.99 7.9 -21.95
intangible assets
129

Company other
Classes of other intangible assets [Axis] intangible assets Computer software [Member]
[Member]
Internally
generated and
other than
Sub classes of other intangible assets [Axis] internally Intangible assets other than internally generated [Member]
generated
intangible assets
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and gross amortization and
carrying amount [Axis] impairment
[Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
assets [Abstract]
3.31 13.98
combinations
Acquisitions through business combinations 0 0
0 0
differences
Amortisation other intangible assets -7.9 -21
0 0
loss
0 0
in profit or loss
0 0
intangible assets
assets
intangible assets
0 0
0 -18.02
changes
transfers and other changes, Other 0 -18.02
intangible assets
Disposals 0 0
Retirements 0 0
0 0
0 0
sale
0 0
subsidiary
-4.59 -25.04
intangible assets
130

Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Accumulated
Carrying amount accumulated amortization and impairment and gross amortization and
carrying amount [Axis] impairment
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
assets [Abstract]
3.31 13.98
combinations
Acquisitions through business combinations 0 0
0 0
differences
Amortisation other intangible assets 7.9
0
loss
0
in profit or loss
0 0
intangible assets
comprehensive income, other intangible 0
assets
other comprehensive income, other 0
intangible assets
0 0
0 -60.97 0
changes
transfers and other changes, Other 0 -60.97 0
intangible assets
Disposals 0 0 0
Retirements 0 0
0 0 0
0 0 0
sale
0 0 0
subsidiary
3.31 -46.99 7.9
intangible assets
131

Intangible assets other than internally
generated [Member]
Accumulated amortization and
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis]
impairment [Member]
01/04/2017
to 31/03/2017
31/03/2018
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Amortisation other intangible assets 21
Impairment loss recognised in profit or loss 0
Reversal of impairment loss recognised in profit or loss 0
Impairment loss recognised in other comprehensive income, other intangible
0
assets
Reversal of impairment loss recognised in other comprehensive income,
0
other intangible assets
Increase (decrease) through transfers and other changes, other intangible
assets [Abstract]
Increase (decrease) through other changes -42.95
Total increase (decrease) through transfers and other changes, Other
-42.95
intangible assets
Disposals and retirements, other intangible assets [Abstract]
Disposals 0
Total Disposals and retirements, Other intangible assets 0
Decrease through classified as held for sale 0
Decrease through loss of control of subsidiary 0
Total increase (decrease) in Other intangible assets -21.95
Other intangible assets at end of period 2.75 24.7
Disclosure of additional information about other intangible assets [Table] ..(1)

Intangible assets other than internally
generated [Member]
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of additional information about other intangible assets [Abstract]
Disclosure of additional information about other intangible assets [Line items]
3 or useful life, 3 or useful life,
Amortisation method, other intangible assets whichever is lower whichever is lower on
on SLM. SLM.
Cost Less Cost Less
Accumulated Accumulated
Useful lives or amortisation rates, other intangible assets amortisation and amortisation and
impairment losses impairment losses
Whether other intangible assets are stated at revalued amount No No

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of other intangible assets [TextBlock]
Disclosure of detailed information about other intangible assets
[TextBlock]
Disclosure of intangible assets with indefinite useful life [TextBlock]
Whether there are intangible assets with indefinite useful life No No
Research and development expense (A) 17.73

14.56
132
Footnotes
(A) The Company has set up a research and development unit to explore various approaches towards manufacture of seat belts and
components, airbags, steering wheels and other car safety products. The Company has received the approval from the Department of
Scientific and Industrial Research for recognition of in - house research and development unit for tax benefits under section 35 (2AB) of
the Income Tax Act, 1961.
[401000] Notes - Biological assets other than bearer plants

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of biological assets, agriculture produce at point of
harvest and government grants related to biological assets
[TextBlock]
Depreciation method, biological assets other than bearer plants, at cost NA NA
Useful lives or depreciation rates, biological assets other than bearer
NA NA
plants, at cost
[611100] Notes - Financial instruments
Disclosure of financial assets [Table] ..(1)

Financial assets at amortised cost, class
Classes of financial assets [Axis] Corporate loans [Member]
[Member]
Financial assets at amortised cost, Financial assets at amortised cost,
Categories of financial assets [Axis]
category [Member] category [Member]
01/04/2018 01/04/2017
to to 31/03/2019 31/03/2018
31/03/2019 31/03/2018
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 3,922.84 3,474.6 1.25 1.83
Financial assets, at fair value 0 0 0 0
Description of other financial assets at
amortised cost class

Other financial assets at amortised cost
Classes of financial assets [Axis] Trade receivables [Member]
class [Member]
01/04/2018 01/04/2017
31/03/2019 31/03/2018 to to
31/03/2019 31/03/2018
Financial assets 2,359.66 1,942.37 1,561.93 1,530.4
Description of other financial assets at
amortised cost class
133

Other financial assets at amortised cost Other financial assets at amortised cost
Classes of financial assets [Axis]
class 1 [Member] class 2 [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Financial assets 1,500.77 1,495.15 61.16 35.25
Description of other financial assets at Cash & Cash Cash & Cash Other Financial Other Financial
amortised cost class equivalents equivalents Assets Assets
Disclosure of financial liabilities [Table] ..(1)

Financial liabilities at amortised cost,
Classes of financial liabilities [Axis]
class [Member]
Financial liabilities at amortised cost,
Categories of financial liabilities [Axis]
category [Member]
31/03/2019 31/03/2018
Disclosure of financial liabilities [Abstract]
Disclosure of financial liabilities [Line items]
Financial liabilities (A) 4,544.99 (B) 4,743.61
Financial liabilities, at fair value 0 0
Footnotes
(A) Borrowings + Trade payables + Other financial liabilities
(B) Borrowings + Trade payables + Other financial liabilities
134

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of financial instruments [TextBlock] [See below]
Disclosure of financial assets [TextBlock] [See below]
Disclosure of financial liabilities [TextBlock] [See below]
Disclosure of financial liabilities [Abstract]
Income, expense, gains or losses of financial instruments [Abstract]
Gains (losses) on financial instruments [Abstract]
Total gains (losses) on financial assets at fair value through
0 0
profit or loss
Total gains (losses) on financial liabilities at fair value
0 0
through profit or loss
Gain (loss) arising from derecognition of financial assets measured
at amortised cost [Abstract]
Net gain (loss) arising from derecognition of financial assets
0 0
measured at amortised cost
Disclosure of nature and extent of risks arising from financial Textual information (24)
instruments [TextBlock] [See below]
Disclosure of credit risk [TextBlock]
Disclosure of reconciliation of changes in loss allowance and
explanation of changes in gross carrying amount for financial
instruments [TextBlock]
Disclosure of reconciliation of changes in loss allowance
and explanation of changes in gross carrying amount for
financial instruments [Abstract]
Disclosure of credit risk exposure [TextBlock]
Disclosure of credit risk exposure [Abstract]
Disclosure of provision matrix [TextBlock]
Disclosure of provision matrix [Abstract]
Disclosure of financial instruments by type of interest rate [TextBlock]
Disclosure of financial instruments by type of interest rate [Abstract]
Disclosure of financial instruments [Text Block]

(b) Fair Value Hierarchy
Quoted prices in an active market (Level 1): This level of hierarchy includes financial assets that are measured by reference to quoted prices
(unadjusted) in active markets for identical assets or liabilities. This category consists of investment in quoted equity shares, and mutual fund
investments.
Valuation techniques with observable inputs (Level 2): This level of hierarchy includes financial assets and liabilities, measured using inputs
other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e.,
derived from prices).
Valuation techniques with significant unobservable inputs (Level 3): This level of hierarchy includes financial assets and liabilities measured
using inputs that are not based on observable market data (unobservable inputs). Fair values are determined in whole or in part, using a valuation
model based on assumptions that are neither supported by prices from observable current market transactions in the same instrument nor are they
based on available market data.
(i) Short-term financial assets and liabilities are stated at carrying value which is approximately equal to their fair value.
(ii) The Company do not have any Level 1 and Level 2 financial instruments nor there have been any transfers between Level 1, Level 2 and
Level 3 for the years ended 31 March 2019 and 31 March 2018.
135
Disclosure of financial assets [Text Block]

The details of significant accounting policies, including the criteria for recognition, the basis of measurement and the basis on which income and
expenses are recognised in respect of each class of financial asset, financial liability and equity instrument are disclosed in the accounting
policies.
The management assessed that cash and bank balances, trade receivables, trade payables, and other financial assets and liabilities approximate
their carrying amounts largely due to the short-term maturities of these instruments.
Disclosure of financial liabilities [Text Block]

The details of significant accounting policies, including the criteria for recognition, the basis of measurement and the basis on which income and
expenses are recognised in respect of each class of financial asset, financial liability and equity instrument are disclosed in the accounting
policies.
136
Disclosure of nature and extent of risks arising from financial instruments [Text Block]
Financial risk management objectives and policies
In the course of its business, the Company is exposed primarily to fluctuations in foreign currency exchange rates, liquidity and credit risk, which
may adversely impact the fair value of its financial instruments. The Company has a risk management policy which not only covers the foreign
exchange risks but also other risks associated with the financial assets and liabilities such as interest rate risks and credit risks.
Market risk
Market risk is the risk of any loss in future earnings, in realisable fair values or in future cash flows that may result from a change in the price of a
financial instrument. The value of a financial instrument may change as a result of changes in interest rates, foreign currency exchange rates,
equity price fluctuations, liquidity and other market changes. Future specific market movements cannot be normally predicted with reasonable
accuracy.
(a) Market risk- Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest
rates. The Company’s exposure to the risk of changes in market interest rates relates primarily to the Company’s long-term debt obligations with
floating interest rates.
The Company manages its interest rate risk by having a balanced portfolio of fixed and variable rate loans and borrowings.
Interest rate sensitivity

The following table demonstrates the sensitivity to a reasonably possible change in interest rates on that portion of loans and borrowings affected.
With all other variables held constant, the Company’s profit before tax is affected through the impact on floating rate borrowings, as follows:
(Rs. in million)
Particulars Increase in basis points Effect on profit before tax Effect on Equity
March 31, 2019
INR +50 5.84 3.82
INR -50 (5.84) (3.82)
March 31, 2018
USD +50 9.19 6.01
INR +50 (9.19) (6.01)
The assumed movement in basis points for the interest rate sensitivity analysis is based on the currently observable market environment.
(b) Market risk- Foreign currency risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates.
The Company’s exposure to the risk of changes in foreign exchange rates relates primarily to the Company’s investing and financing activities.
The Company’s exposure to foreign currency changes from operating activities is not material.
Credit risk
137
Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss.
Financial instruments that are subject to credit risk and concentration thereof principally consist of trade receivables, loans receivables,
investments, cash and cash equivalents, derivatives and financial guarantees provided by the Company.
The carrying value of financial assets represents the maximum credit risk. The maximum exposure to credit risk was Rs. 3,931.45 million, Rs.
3,447.47 million, as at March 31, 2019 and March 31, 2018 respectively, being the total carrying value of trade receivables, balances with bank,
bank deposits, investments, loans and other financial assets.
With respect to Trade receivables/unbilled revenue, the Company has constituted the terms to review the receivables on periodic basis and to take
necessary mitigations, wherever required. The Company creates allowance for all unsecured receivables based on lifetime expected credit loss
based on a provision matrix. The provision matrix takes into account historical credit loss experience and is adjusted for forward looking
information. The expected credit loss allowance is based on the ageing of the receivables that are due and rates used in the provision matrix.
138
The following table summarises the changes in the loss allowance measured using ECL:
(Rs. in million)
Particulars March 31, 2019 March 31, 2018
Opening balance 14.27 16.78
Amount provided/ (reversed) during the year (10.10) (2.51)
Closing provision 4.17 14.27
Credit risk from balances with bank and financial institutions is managed by the Company’s treasury department in accordance with the
Company’s policy. Investments of surplus funds are made only with approved counterparties and within credit limits assigned to each
counterparty. The limits are set to minimise the concentration of risks and therefore mitigate financial loss through counterparty’s potential failure
to make payments.
Liquidity risk
Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management is to maintain
sufficient liquidity and ensure that funds are available for use as per requirements.
The Company monitors its risk of a shortage of funds on a regular basis.
The following table shows a maturity analysis of the anticipated cash flows including interest obligations for the Company’s financial liabilities
on an undiscounted basis, which therefore differ from both carrying value and fair value.
(Rs. in million)
Particulars 0-1 years 1 to 5 years > 5 years Total
March 31, 2019
Borrowings 550.84 851.56 - 1,402.40
Other financial liabilities 121.55 - - 121.55
Trade payables 3,021.04 - - 3,021.04
3,693.43 851.56 - 4,544.99
March 31, 2018
139
Borrowings 915.63 1,113.59 - 2,029.22
Other financial liabilities 151.99 - - 151.99
Trade payables 2,562.40 - - 2,562.40
3,630.02 1,113.59 - 4,743.61
Excessive risk concentration

Concentrations arise when a number of counterparties are engaged in similar business activities, or activities in the same geographical region, or
have economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic, political or
other conditions. Concentrations indicate the relative sensitivity of the company's performance to developments affecting a particular industry.
In order to avoid excessive concentrations of risk, the Company's policies and procedures include specific guidelines to focus on the maintenance
of a diversified portfolio. Identified concentrations of credit risks are controlled and managed accordingly.
Unhedged foreign currency exposures
March 31, 2019 March 31, 2018
Trade receivables Foreign currency Rs Foreign currency Rs
EUR 0.04 2.81 0.01 1.00
JPY - - - -
USD 3.23 223.71 8.35 548.71
Trade payables
AUD 0.00 0.01 0.00 0.01
CHF 0.00 0.02 0.01 0.73
CNY 0.17 1.72 0.14 1.52
EUR 3.71 288.09 3.72 301.13
GBP (0.00) (0.01) - -
JPY 82.84 51.72 116.81 72.10
140
SEK 2.88 21.48 7.70 60.56
THB 2.40 5.22 - -
USD 16.15 1,117.30 17.75 1,166.89
Capital creditors
JPY 1.41 0.88 0.03 0.02
EUR 0.12 9.10 - -
USD 0.65 45.08 0.44 28.91
Long-term borrowings
Foreign currency term loans 16.87 1,167.22 16.87 1,109.14
Short-term borrowings
Buyer's credit - - 11.13 732.00
Other liabilities
Interest accrued and due on borrowings - - 0.00 0.08
Interest accrued but not due on borrowings 0.02 1.23 0.05 3.09
Cash and bank balances
Balance with banks - on EEFC account
USD 1.18 81.44 1.33 87.24
EUR 0.01 0.70 - -
Foreign currency sensitivity

The following tables demonstrate the sensitivity to a reasonably possible change in USD exchange rates, with all other variables held constant.
The impact on the Company’s profit before tax is due to changes in the fair value of monetary assets and liabilities. The Company’s exposure to
141
foreign currency changes for all other currencies is not material.
(Rs. in million)
Particulars Change in USD rate Effect on profit before tax
31-Mar-19 5% (10.13)
31-Mar-18 5% (8.36)
The sensitivity analysis has been based on the composition of the Company’s financial assets and liabilities at March 31, 2017 and March 31,
2016 excluding trade payables, trade receivables, other non-derivative and derivative financial instruments not forming part of debt and which do
not present a material exposure. The period end balances are not necessarily representative of the average debt outstanding during the period.
Foreign currencies
USD = United States Dollar
CHF= Swiss Franc
EUR = EURO
AUD= Australian Dollar
JPY = Japanese Yen
CNY = Chinese Yuan
SEK = Swedish Krona
GBP = Great Britain Pound
THB = Thai Baht
KRW = South Korean Won
142
[611300] Notes - Regulatory deferral accounts

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of regulatory deferral accounts [TextBlock]
Total regulatory deferral account debit balances 0 0
Total regulatory deferral account credit balances 0 0
Total net movement in regulatory deferral account balances
0 0
related to profit or loss
Total net movement in regulatory deferral account
balances related to profit or loss and net movement in 0 0
related deferred tax
net movement in regulatory deferral account
0 0
reclassified to profit or loss
[400400] Notes - Non-current investments

31/03/2019 31/03/2018
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
[400500] Notes - Current investments

31/03/2019 31/03/2018
Disclosure of notes on current investments explanatory [TextBlock]
Aggregate amount of quoted current investments 0 0
Market value of quoted current investments 0 0
Aggregate amount of unquoted current investments 0 0
Aggregate provision for diminution in value of current investments 0 0
143
[611600] Notes - Non-current asset held for sale and discontinued operations
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of non-current assets held for sale and discontinued operations Textual information (25)
[TextBlock] [See below]
Revenue discontinued operations 0 1,979.05
Expenses discontinued operations 0

(A) 1,773.33
Profit (loss) before tax, discontinued operations (B) 632.53
205.72
Tax expense relating to profit (loss) from ordinary activities of

145.99 74.16
Net cash flows from (used in) operating activities, continuing
412.9 917.82
operations
Net cash flows from (used in) operating activities 412.9 917.82
Net cash flows from (used in) investing activities, continuing
-803.75 -519.56
operations
Net cash flows from (used in) investing activities, discontinued
1,173 -35.62
operations
Net cash flows from (used in) investing activities 369.25 -555.18
Net cash flows from (used in) financing activities, continuing
-776.53 418.2
operations
Net cash flows from (used in) financing activities, discontinued
0 -0.01
operations
Net cash flows from (used in) financing activities -776.53 418.19
Income from discontinued operations attributable to owners of parent 486.54 131.56
Description of non-current Assets or disposal group held for sale which
Refer Text Block Refer Text Block
were sold or reclassified
Explanation of facts and circumstances of sale or reclassification and
expected disposal, manner and timing
Description of segment in which non-current Assets or disposal group
held for sale is presented
Explanation of effect of changes in plan to sell non-current
Assets or disposal group held for sale on results of Refer Text Block Refer Text Block
operations for current period
Explanation of effect of changes in plan to sell non-current
Assets or disposal group held for sale on results of Refer Text Block Refer Text Block
operations for prior period
Description of changes in plan to sell non-current Assets or disposal
group held for sale
144
Footnotes
(A)
Particulars 2018
Purchase of traded goods 1,075.96
Decrease / (increase) in inventories of traded goods (2.38)
Excise duty on sale of goods 58.38
Employee benefits expense 294.47
Finance costs 0.01
Depreciation and amortisation expenses 46.97
Other expenses 299.92
Total expenses (IV) 1,773.33
(B) Gain on disposal of electronics business
Net Assets of Electronics Business classified as held for sale 570.62
Less: amount of additional liability paid on account of employee benifit 30.15
540.47
Consideration received 1,173.00
Gain on disposal of electronics business 632.53
145
Disclosure of non-current assets held for sale and discontinued operations [Text Block]
Assets classified as held for sale
March 31,
April 01, 2018
2019
Assets related to electronics business* -

863.76
-
863.76
Liabilities associated with assets held for sale * -

293.14
*As described in note 40, the Company disposed its electronics business on April 01, 2018. The
Group has entered into a Business Transfer Agreement with Veoneer India Private Limited on April
01, 2018 to dispose this business at a value of Rs. 1,173 million. The major classes of assets and
liabilities of the electronics business at April 1, 2018 was as follows:
March 31, March 31,

2019 2018
ASSETS
Non-current assets
Property, plant and equipment -

83.16
Capital work-in-progress - 0.65
Intangible assets -
18.02
Financial assets
146
(i) Other financial assets -

27.70
Other non-current assets -

35.22
-
164.75
Current assets
Inventories -
153.39
Financial Assets
(i) Trade receivables -

545.46
Other current assets - 0.16
-
699.01
Assets of electronics business classified as held for sale -

863.76
LIABILITIES
Non-current liabilities
Provisions -
19.95
19.95
Current liabilities
Financial liabilities
(i) Trade payables -

272.92
Other current liabilities - 0.27
147
- 273.19
Liabilities of electronics business associated with assets classified as held for sale -
293.14
Net assets of electronics business classified as held for sale -

570.62
Note No. 40
Disposal of electronics business
On March 22, 2018, the Company through a meeting of its Board, resolved to dispose of its electronics business including its assets and liabilities
(business transfer) to Veoneer India Private Limited (Veoneer India), a private limited company registered in Karnataka, having its registered
office at #52, 4th floor, green heart building Mfar, manyata tech park, hebbal ring road, Nagavara, Bangalore - 560045. The Company had entered
into a Business Transfer Agreement with Veoneer India Private Limited on April 01, 2018 to dispose this business at a value of Rs. 1,173
million.. The results of this business were classified as discontinued operations for the year ended March 31, 2018.
Analysis of profit for the year from discontinued operations
The results of the discontinuing operations included in the profit for the year are set out below. The comparative profit and cash flows from
discontinuing operations have been presented as if these operations were discontinued in the prior year as well.
[400100] Notes - Equity share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Type of share Equity Shares Equity Shares Equity Shares Equity Shares
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 Autoliv AB Autoliv AB
Country of incorporation or residence of
SWEDEN SWEDEN
shareholder
Number of shares held in company [shares] 78,09,916 [shares] 78,09,916
Percentage of shareholding in company 99.99% 99.99%
148
Disclosure of classes of equity share capital [Table] ..(1)

Equity shares 1
Classes of equity share capital [Axis] Equity shares [Member]
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line
items]
Type of share Equity Shares
Number of shares authorised [shares] 1,20,00,000 [shares] 1,20,00,000 [shares] 1,20,00,000
Value of shares authorised 120 120 120
Number of shares issued [shares] 78,09,917 [shares] 78,09,917 [shares] 78,09,917
Value of shares issued 78.1 78.1 78.1
Number of shares subscribed and fully paid [shares] 78,09,917 [shares] 78,09,917 [shares] 78,09,917
Value of shares subscribed and fully paid 78.1 78.1 78.1
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] 78,09,917 [shares] 78,09,917 [shares] 78,09,917
Total value of shares subscribed 78.1 78.1 78.1
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 78,09,917 [shares] 78,09,917 [shares] 78,09,917
Value of shares called 78.1 78.1 78.1
Value of shares paid-up 78.1 78.1 78.1
Par value per share [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
[shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
debentures preference shares during
period
Number of shares issued as other
preferential allotment
Number of shares issued in shares based
payment transactions
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
stock option plan
Number of other issue of shares
arising out of conversion of [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
during period
Decrease in number of shares during period
[Abstract]
Number of shares bought back or treasury
shares
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0
149
Total decrease in number of shares during

period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 78,09,917 [shares] 78,09,917 [shares] 78,09,917 [shares] 78,09,917
Reconciliation of value of shares outstanding
[Abstract]
Changes in equity share capital [Abstract]
Increase in equity 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 rights issue during period 0 0 0
Amount of private placement issue
arising out of conversion of debentures 0 0 0
preference shares during period
Amount of other private placement issue
0 0 0
during period
Amount of preferential allotment issue
arising out of conversion of debentures 0 0 0
preference shares during period
Amount of other preferential allotment
0 0 0
issue during period
Amount of share based payment
0 0 0
transactions during period
Amount of issue under scheme of
0 0 0
amalgamation during period
Amount of other issues during period 0 0 0
Amount of shares issued under employee
0 0 0
stock option plan
Amount of other issue arising out of
conversion of securities during 0 0 0
period
Decrease in equity share capital during
period [Abstract]
Decrease in amount of treasury shares
0 0 0
or shares bought back
Other decrease in amount of shares 0 0 0
Total decrease in equity share capital
0 0 0
during period
Total increase (decrease) in share capital 0 0 0
Equity share capital at end of period 78.1 78.1 78.1 78.1
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 78.1 [shares] 78.1 [shares] 78.1
Total shares in company held by holding company
or ultimate holding company or by its [shares] 78.1 [shares] 78.1 [shares] 78.1
subsidiaries or associates
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
150
Disclosure of classes of equity share capital [Table] ..(2)

Classes of equity share capital [Axis] Equity shares 1 [Member]
01/04/2017
to 31/03/2017
31/03/2018
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Number of shares authorised [shares] 1,20,00,000
Value of shares authorised 120
Number of shares issued [shares] 78,09,917
Value of shares issued 78.1
Number of shares subscribed and fully paid [shares] 78,09,917
Value of shares subscribed and fully paid 78.1
Number of shares subscribed but not fully paid [shares] 0
Value of shares subscribed but not fully paid 0
Total number of shares subscribed [shares] 78,09,917
Total value of shares subscribed 78.1
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 78,09,917
Value of shares called 78.1
Value of shares paid-up 78.1
Par value per share [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0
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
Number of shares issued as bonus shares [shares] 0
Number of shares issued as rights [shares] 0
Number of shares issued in private placement arising out of conversion
[shares] 0
of debentures preference shares during period
Number of shares issued in other private placement [shares] 0
Number of shares issued as preferential allotment arising out of
[shares] 0
conversion of debentures preference shares during period
Number of shares issued as other preferential allotment [shares] 0
Number of shares issued in shares based payment transactions [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0
Number of other issues of shares [shares] 0
Number of shares issued under employee stock option plan [shares] 0
Number of other issue of shares arising out of conversion of securities [shares] 0
Total aggregate number of shares issued during period [shares] 0
Decrease in number of shares during period [Abstract]
Number of shares bought back or treasury shares [shares] 0
Other decrease in number of shares [shares] 0
Total decrease in number of shares during period [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0
Number of shares outstanding at end of period [shares] 78,09,917 [shares] 78,09,917
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of public issue during period 0
Amount of bonus issue during period 0
Amount of rights issue during period 0
Amount of private placement issue arising out of conversion of
0
debentures preference shares during period
Amount of other private placement issue during period 0
Amount of preferential allotment issue arising out of conversion of
0
debentures preference shares during period
Amount of other preferential allotment issue during period 0
Amount of share based payment transactions during period 0
Amount of issue under scheme of amalgamation during period 0
Amount of other issues during period 0
151
Amount of shares issued under employee stock option plan 0

Amount of other issue arising out of conversion of securities during period 0
Decrease in equity share capital during period [Abstract]
Decrease in amount of treasury shares or shares bought back 0
Other decrease in amount of shares 0
Total decrease in equity share capital during period 0
Total increase (decrease) in share capital 0
Equity share capital at end of period 78.1 78.1
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Shares in company held by holding company [shares] 78.1
Total shares in company held by holding company or ultimate holding company
[shares] 78.1
or by its subsidiaries or associates
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
0
refund and interest accrued thereon

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of notes on equity share capital explanatory [TextBlock] [See below]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Number of persons on private placement of equity share 0 0
Number of shareholders of company 2 2
Number of allottees in case of preferential allotment 0 0
Percentage of capital reduction to capital prior to reduction 0.00% 0.00%
Whether money raised from public offering during year No No
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
Disclosure of notes on equity share capital explanatory [Text Block]

(b) Terms/ rights attached to equity shares
The Company has only one class of equity shares having par value of Rs 10 per share. Every member holding equity shares therein shall have
voting rights in proportion to the member's share of the paid up equity share capital. The Company declares and pays dividends in Indian rupees.
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.
As per records of the Company, including its register of shareholders/ members and other declarations received from the shareholders regarding
beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares.
152
[400300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on current non-current [Axis] Non-current [Member]
Classification of borrowings [Axis] Borrowings [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
01/04/2018 01/04/2017
to to 31/03/2019 31/03/2018
31/03/2019 31/03/2018
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 21.34 4.37 830.22 1,109.22
Nature of security [Abstract]
Nature of security

Classification of borrowings [Axis] Term loans [Member] Term loans from others [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings 830.22 1,109.22 830.22 1,109.22
Terms of repayment of term loans and other loans

Foreign currency term loans from others Long-term maturities of finance lease
Classification of borrowings [Axis]
[Member] obligations [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Secured borrowings [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings 830.22 1,109.22 21.34 4.37
Finance lease Finance lease
Nature of security obligations obligations
Textual information Textual information Textual information Textual information
Terms of repayment of term loans and other loans (27) [See below] (28) [See below] (29) [See below] (30) [See below]
153

Classification based on current non-current [Axis] Current [Member]
Classification of borrowings [Axis] Borrowings [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
01/04/2018 01/04/2017
to to 31/03/2019 31/03/2018
31/03/2019 31/03/2018
Borrowings 0 728.83 550.84 186.8
Nature of security

Classification of borrowings [Axis] Term loans [Member] Term loans from banks [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings 550.84 186.8 213.84 186.8

Classification of borrowings [Axis] Rupee term loans from banks [Member] Term loans from others [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings 213.84 186.8 337 0
4. Payable financing
4. Payable financing
from bank is a
from bank is a
supplier financing
supplier financing
arrangement where
Terms of repayment of term loans and other loans principal is
arrangement where
principal is repayable
repayable within a
within a maximum
maximum tenor of
tenor of 120 days.
120 days.
154

Foreign currency term loans from others Long-term maturities of finance lease
Classification of borrowings [Axis]
[Member] obligations [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Secured borrowings [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings 337 0 6.12 3.61
Finance lease Finance lease
Nature of security obligations obligations
Textual information Textual information Textual information Textual information
Terms of repayment of term loans and other loans (31) [See below] (32) [See below] (33) [See below] (34) [See below]

Other loans and advances, others
Classification of borrowings [Axis] Other loans and advances [Member]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings -6.12 725.22 -6.12 725.22
amount disclosed
under the head
Nature of security 'Other current
Buyers Credit
liabilities'
Details of personal security given by
promoters, other shareholders or other Buyer's credit - amount
disclosed under the
third parties, though such security does head 'Other current
not result in classification of borrowings liabilities'
as secured
Less: amount
disclosed under the Textual information
Terms of repayment of term loans and other loans head 'Other current (35) [See below]
liabilities'

'1. Unsecured foreign currency loans from the Holding Company carries interest as per the Autoliv Prime Rate prevailing during the year which
ranges from 2.10% - 2.67% per annum ('p.a') (March 31, 2018: 2.10% - 2.67% p.a). Out of the above, loan amounting to Rs. 830.22 million
(March 31, 2018: Rs. 788.91 million) is repayable on April 15, 2021, remaining amount is repayable on or before September 30, 2019.

155

'2. Finance lease obligations are secured by hypothecation of vehicles taken on finance lease arrangement. Lease term is around 2 to 5 years and
carries an interest between 7.9% - 11.5% p.a. (March 31, 2018: 11.50% p.a) The gross investment in lease i.e, lease obligation plus interest, is
payable in monthly instalments.






Buyer's credit from bank carries an interest rate @ LIBOR plus 39bps (March 31, 2017: LIBOR plus 39bps and April 01, 2016: LIBOR plus
39bps) and the interest and principal are repayable within a maximum tenor of six months.
156
[612700] Notes - Income taxes
Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(1)
Temporary
Temporary difference, unused tax losses and unused tax
Temporary difference, unused tax losses and unused tax credits [Axis] differences
credits [Member]
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 180.45 153.85 372.5 180.45
Deferred tax liabilities 0 0 0
Net deferred tax liability (assets) -180.45 -153.85 -372.5 -180.45
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
-23.52 218.65 -23.52
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
-23.52 218.65 -23.52
Aggregated income tax relating to
components of other comprehensive -3.08 0 -3.08
income
Total increase (decrease) in deferred
-26.6 218.65 -26.6
tax liability (assets)
Deferred tax liability (assets) at end of
-180.45 -153.85 -372.5 -180.45
period
Description of other temporary differences
157
Temporary difference, unused tax losses and unused tax credits [Axis] Temporary differences [Member] Allowance for credit losses [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
218.65 -11.32 43.11
[Abstract]
218.65 -11.32 43.11
Aggregated income tax relating to
components of other comprehensive 0 -3.08 0
income
218.65 -14.4 43.11
-153.85 -372.5 -53.77 -39.37
period
Impact of
Impact of expenditure
expenditure charged
charged to the
to the statement of
statement of profit and
profit and loss in the
Description of other temporary differences current year but
loss in the current
year but allowed for
allowed for tax
tax purposes on
purposes on
payment basis
payment basis
158
Allowance for
Temporary difference, unused tax losses and unused tax credits
credit losses Depreciation amortisation impairment [Member]
[Axis]
[Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Deferred tax liabilities 0 0
-36.56 -7.53
[Abstract]
-36.56 -7.53
-36.56 -7.53
-82.48 -90.67 -54.11 -46.58
period
Impact of difference Impact of difference between
between tax depreciation tax depreciation and
Description of other temporary differences and depreciation/ depreciation/ amortization
amortization charged for charged for the financial
the financial reporting reporting
159
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences [Member] differences 1
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
24.36 183.07 32.7
[Abstract]
24.36 183.07 32.7
24.36 183.07 32.7
-36.01 -60.37 -243.44 -4.79
period
Provision for
Description of other temporary differences doubtful debts and
advances
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences 1 [Member] Other temporary differences 2 [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
9.05 -8.34 16.82
[Abstract]
9.05 -8.34 16.82
9.05 -8.34 16.82
-37.49 -46.54 -31.22 -22.88
period
Provision for
Provision for doubtful debts and Provision for
Description of other temporary differences advances
inventory
inventory obsolsence
obsolsence
160
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] differences 2 Other temporary differences 3 [Member]
[Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Deferred tax assets 39.7 0 0 36.75
Net deferred tax liability (assets) -39.7 0 0 -36.75
0 36.75
[Abstract]
0 36.75
0 36.75
-39.7 0 0 -36.75
period
Unabsorbed business Unabsorbed business
Description of other temporary differences losses and depreciation losses and depreciation
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences 4 [Member]
01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of temporary difference, unused tax losses and unused tax
credits [Abstract]
Disclosure of temporary difference, unused tax losses and unused
tax credits [Line items]
Deferred tax assets 0 0 120.45
Net deferred tax liability (assets) 0 0 -120.45
Deferred tax expense (income) recognised in profit or loss 0 120.45
Reconciliation of changes in deferred tax liability (assets)
[Abstract]
Changes in deferred tax liability (assets) [Abstract]
Deferred tax expense (income) recognised in profit or loss 0 120.45
Total increase (decrease) in deferred tax liability
0 120.45
(assets)
Deferred tax liability (assets) at end of period 0 0 -120.45
Minimum alternate tax Minimum alternate tax
Description of other temporary differences credit credit
161

01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of income tax [TextBlock] [See below]
Major components of tax expense (income) [Abstract]
Current tax expense (income) and adjustments for current tax of prior
periods [Abstract]
Current tax expense (income) 315.85 230.32
Adjustments for current tax of prior periods 46.3 3.42
Total current tax expense (income) and adjustments for current tax
362.15 233.74
of prior periods
Deferred tax expense (income) relating to origination and reversal of
-23.52 98.21
temporary differences
Adjustments for deferred tax of prior periods 0 120.59
Other components of deferred tax expense (income) 145.99 74.17
Total tax expense (income) 484.62 526.71
Current and deferred tax relating to items charged or credited directly
to equity [Abstract]
Total aggregate current and deferred tax relating to items credited
0 0
(charged) directly to equity
Income tax relating to components of other comprehensive income [Abstract]
Total aggregated income tax relating to components of other
0 0
Aggregated income tax relating to share of other comprehensive
income of associates and joint ventures accounted for using 0 0
equity method
Tax expense of discontinued operations [Abstract]
Tax expense relating to profit (loss) from ordinary activities of
145.99 74.16
credits [TextBlock]
credits [Abstract]
Deferred tax assets 180.45 153.85 372.5
Net deferred tax liability (assets) -180.45 -153.85 -372.5
Deferred tax expense (income) recognised in profit or loss -23.52 218.65
Reconciliation of changes in deferred tax liability (assets)
[Abstract]
Changes in deferred tax liability (assets) [Abstract]
Deferred tax expense (income) recognised in profit or loss -23.52 218.65
Aggregated income tax relating to components of other
-3.08 0
Total increase (decrease) in deferred tax liability (assets) -26.6 218.65
Deferred tax liability (assets) at end of period -180.45 -153.85 -372.5
Description of other temporary differences
Reconciliation of accounting profit multiplied by applicable tax rates
[Abstract]
Accounting profit 1,585.91 1,461.05
Tax expense (income) at applicable tax rate 554.18 505.64
Tax effect of revenues exempt from taxation 2.03 3.47
Tax effect of expense not deductible in determining taxable profit (tax
-3.1 -2.52
loss)
Other tax effects for reconciliation between accounting profit and tax
expense (income) (A) -64.43 (B) 27.06
Total tax expense (income) 484.62 526.71
Reconciliation of average effective tax rate and applicable tax rate
[Abstract]
Accounting profit 1,585.91 1,461.05
Total average effective tax rate 0.00% 0.00%
162
Footnotes
(A)
Particulars 2018-19
Adjustments to current tax in respect of prior periods 46.30
Effect of difference in Tax rate for Long term capital gains on sale of business -75.05
Others -35.68
total -64.43
(B)
Particulars 2017-18
Tax impact on investment allowance -
Set-off of unabsorbed depreciation 13.30
Others 10.34
Adjustment of tax relating to earlier years 3.42
Total 27.06
163
Disclosure of income tax [Text Block]
Deferred Tax
March
Charge Charge
March 31, 31, 2019
during the to OCI
2018
year Rs in
Rs in million Rs in
Rs in million million
million
Gross deferred tax assets - - -

-
Fixed assets: Impact of difference between tax depreciation and depreciation/

54.11 36.56
amortization charged for the financial reporting - 90.67
Impact of expenditure charged to the statement of profit and loss in the current
39.37 11.32
year but allowed for tax purposes on payment basis 3.08 53.77
Provision for doubtful debts and advances 37.49 (32.70)

- 4.79
Provision for inventory obsolsence 22.88 8.34

- 31.22
Gross deferred tax asset 153.85 23.52

3.08 180.45
Net deferred tax asset 153.85 23.52

3.08 180.45
30(b) Effective tax reconciliation
March 31, March 31,

2019 2018
Income tax expenses in the statement of profit and loss consist of the following:
(a) Current tax 315.85 230.33
164
(b) Minimum alternate tax credit entitlement - 120.59
(c) Adjustment of tax relating to earlier years 46.30 3.42
(d) Deferred tax (23.52) 98.21
(e) Current tax relating to discontinuing operations 145.99 74.17
Total taxes 484.62 526.72
Reconciliation of taxes to the amount computed by applying the statutory income

tax rate to the income before taxes is summarized below:
March 31, March 31,

2019 2018
Profit before tax from continuing and discontinuing operations 1,585.91 1,461.05
Applicable tax rates in India 34.944% 34.608%
Computed tax charge based on applicable tax rates of respective countries 554.18 505.64
Adjustments
Tax impact on research and development expense (3.10) (2.52)
Tax effect on exempt income (2.03) (3.47)
Adjustments to current tax in respect of prior periods 46.30 3.42
Effect of difference in Tax rate for Long term capital gains on sale of business (75.05) -
Set-off of unabsorbed depreciation - 13.30
Others (35.68) 10.35
Tax expense as reported 484.62 526.72
165
[611000] Notes - Exploration for and evaluation of mineral resources

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of exploration and evaluation assets [TextBlock]
Whether there are any exploration and evaluation activities No No
Assets arising from exploration for and evaluation of mineral resources 0 0
Liabilities arising from exploration for and evaluation of mineral
0 0
resources
Income arising from exploration for and evaluation of mineral resources 0 0
Expense arising from exploration for and evaluation of mineral resources 0 0
Cash flows from (used in) exploration for and evaluation of mineral
0 0
resources, classified as operating activities
Cash flows from (used in) exploration for and evaluation of mineral
0 0
resources, classified as investing activities
[611900] Notes - Accounting for government grants and disclosure of government assistance
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of accounting for government grants and disclosure of government
assistance [TextBlock]
Whether company has received any government grant or government assistance No No
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
[401100] Notes - Subclassification and notes on liabilities and assets
Disclosure of breakup of provisions [Table] ..(1)

Classification based on current non-current [Axis] Non-current [Member] Current [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 23.33 43.04 5
Provision leave encashment 8.7 8.6 0.14 0.16
Total provisions for employee benefits 32.03 51.64 0.14 5.16
CSR expenditure provision 0 0 0 0
Other provisions 11.34 10.44 32.95 38.95
Total provisions 43.37 62.08 33.09 44.11
166
Details of loans [Table] ..(1)

Classification of loans [Axis] Loans given employees [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets [Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 1.25 1.83
Allowance for bad and doubtful loans 0 0
Total loans 1.25 1.83
Details of loans due by directors, other officers or others [Abstract]
Loans due by directors 0 0
Loans due by other officers 0 0
Details of loans due by firms or companies in which any director is partner
or director [Abstract]
Total loans due by firms or companies in which any director is partner or
0 0
director
Other non-current financial assets, others [Table] ..(1)

Classification of other non-current financial assets others [Axis] 1 2
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Other non-current financial assets notes [Abstract]
Other non-current financial assets [Abstract]
Other non-current financial assets, others 0.49 0.49 55.25 27.91
Other non-current financial assets, others
[Abstract]
Other non-current financial assets, others
[Line items]
Deposit with Deposit with
Description other non-current financial remaining maturity remaining maturity of
Security deposits Security deposits
assets, others of more than 12 more than 12 months
months 1 1
Other non-current financial assets, others 0.49 0.49 55.25 27.91
Other current financial liabilities, others [Table] ..(1)

Other current financial liabilities, others [Axis] 1 2
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 3.91 4.24 56.56 43.47
Other current financial liabilities, others
[Abstract]
[Line items]
total outstanding total outstanding dues
Description of other current financial dues of creditors of creditors other than
dues of micro and of micro and small
liabilities, others other than micro and micro and small
small enterprises enterprises
small enterprises enterprises
Other current financial liabilities,
3.91 4.24 56.56 43.47
others
167

Other current financial liabilities, others [Axis] 3 4
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities, others 2.44 54.86 51.29 42.64
[Abstract]
[Line items]
Interest accrued and
dues of creditors of creditors other than Interest accrued and
Description of other current financial due on dues of
other than micro and micro and small due on dues of micro
liabilities, others micro and small
small enterprises to enterprises to related and small enterprises
enterprises
related parties parties
Other current financial liabilities,
2.44 54.86 51.29 42.64
others

Other current financial liabilities, others [Axis] 5
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of other current financial liabilities notes [Abstract]
Other current financial liabilities, others 1.23 3.17
Other current financial liabilities, others [Abstract]
Other current financial liabilities, others [Line items]
Interest accrued but
Interest accrued but
Description of other current financial liabilities, others not due on
not due on borrowings
borrowings
Other current financial liabilities, others 1.23 3.17
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company inventories [Member] Raw materials [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 1,907.04 1,458.35 1,418.31 1,167.22
Goods in transit 540.91 523.77 529.39 519.77
valued at lower of valued at lower of
Mode of valuation cost and net cost and net realisable
realisable value value
168

Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Inventories 99.83 55.22 349.84 197.53
valued at lower of valued at lower of valued at lower of valued at lower of
Mode of valuation cost and net cost and net realisable cost and net cost and net realisable
realisable value value realisable value value

Classification of inventories [Axis] Stock-in-trade [Member] Stores and spares [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Inventories 38.5 30.09 0.56 8.29
Goods in transit 11.52 4
valued at lower of valued at lower of valued at lower of valued at lower of
Mode of valuation cost and net cost and net realisable cost and net cost and net realisable
realisable value value realisable value value
Other current financial assets others [Table] ..(1)

Other current financial assets others [Axis] 1
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Other current financial assets [Abstract]
Other current financial assets others 0.82 0.57
Other current financial assets others [Abstract]
Other current financial assets others [Line items]
Interest accrued on Interest accrued on
Description other current financial assets others fixed deposits fixed deposits
Other current financial assets others 0.82 0.57
169
Details of advances [Table] ..(1)

Classification of advances [Axis] Capital advances [Member] Prepaid expenses [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 55.94 227.2 54.81 51.69
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

Classification of advances [Axis] Advance tax [Member] Other advance taxes [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Advances 856.03 1,077.17 856.03 1,077.17
Advance tax +
Advance tax +
Balances with
Balances with
Nature of other advance statutory /
statutory / government
government
authorities
authorities
170

Classification of advances [Axis] Advances given suppliers [Member] Advances given employees [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Advances 246.62 198.01 2.15 1.42

Classification of advances [Axis] Prepaid expenses [Member] Advance tax [Member]
01/04/2018 01/04/2017
31/03/2019 31/03/2018 to to
31/03/2019 31/03/2018
[Abstract]
Advances 69.89 76.61 460.2 380.81
Nature of other advance
171

Classification of advances [Axis] Other advance taxes [Member] Other advances, others [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Advances 460.2 380.81 12.47 19.67
Balances with
Balances with
statutory / Receivable towards Receivable towards
Nature of other advance government
statutory / government
raw material supply raw material supply
authorities
authorities
Subclassification of trade receivables [Table] ..(1)

Classification based on current
non-current [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line
items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 2,363.83 1,956.64 2,359.66 1,942.37
Allowance for bad and doubtful debts 4.17 14.27 0 0
Total trade receivables 2,359.66 1,942.37 2,359.66 1,942.37
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 2,359.66 1,942.37
Total trade receivables due by
2,359.66 1,942.37
directors, other officers or others
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
172
Subclassification of trade receivables [Table] ..(2)

Classification of assets based on security [Axis] Doubtful [Member]
31/03/2019 31/03/2018
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 4.17 14.27
Allowance for bad and doubtful debts 4.17 (A) 14.27
Total trade receivables 0 0
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 4.17 0
Trade receivables due by other officers 4.17 0
Total trade receivables due by directors, other officers or others 8.34 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
0 0
Footnotes
(A) Allowance for expected credit loss
173

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Total dividend receivable 0 0
Interest income accrued 0 0.01
Total other non-current financial assets 55.74 28.41
Advances, non-current (A) 966.78

1,356.06
Total other non-current assets 966.78 1,356.06

Disclosure of inventories Explanatory [TextBlock] [See below]
Disclosure of notes on cash and bank balances explanatory [TextBlock]
Fixed deposits with banks 0 0
Other deposits with banks 1,099.99 1,206.01
Other balances with banks 400.78 289.14
Total balance with banks 1,500.77 1,495.15
Cash on hand 0 0
Total cash and cash equivalents (B) 1,500.77

1,495.15
Total cash and bank balances 1,500.77 1,495.15

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 12 months maturity 0 0
Security deposits 4.6 6.27
Total other current financial assets 5.42 6.84
Advances, current 791.33 676.52
Total other current assets 791.33 676.52
Disclosure of notes on provisions explanatory [TextBlock] [See below]
Provision for assets
Nature of other provisions retirement obligation
[See below]
- Non Current
Current maturities of finance lease obligations 6.12 3.61
Interest accrued on borrowings 0 0
Interest accrued on public deposits 0 0
Interest accrued others 0 0
Unpaid dividends 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Debentures claimed but not paid 0 0
Public deposit payable, current 0 0
Total other current financial liabilities 121.55 151.99
Advance received from customers 76.35 65.44
Other advance received 26.54 67.99
Total other advance 102.89 133.43
Total deposits refundable current 0 0
Taxes payable other tax 110.33 145.71
Current liabilities portion of share application money pending
0 0
allotment
Total other payables, current 110.33 145.71
Total proposed equity dividend 0 0
Total proposed preference dividend 0 0
Total proposed dividend 0 0
Total other current liabilities 213.22 279.14
174
Footnotes
(A)
March 31,
8 Non-current tax assets (net) March 31, 2019
2018
Advance tax [net of provision for tax of Rs.

1,321.72 (March 31, 2018: Rs. 661.11
259.23 206.01
million)]
259.23 206.01
9 Other assets (Non-financial)
Non-current Current
March 31, March 31, March 31,

March 31, 2019
2019 2018 2018
Rs in million Rs in million Rs in million Rs in million
Capital advances
Unsecured, considered good 55.94 - -

227.20
Unsecured, considered doubtful 4.92 3.17 - -
60.86 230.37 - -
Provision for doubtful capital advances (4.92) - -

(3.17)
(a) 55.94 227.20 - -
Advance to suppliers
175
Unsecured, considered good - - 198.01

246.62
Unsecured, considered doubtful - - 4.61 12.41
- - 251.23 210.42
Provision for doubtful advances - - (12.41)

(4.61)
(b) - - 246.62 198.01
Employee advances
Unsecured, considered good - - 2.15 1.42
(c) - - 2.15 1.42
Receivable towards raw material supply
Unsecured, considered good - - 19.67

12.47
(d) - - 12.47 19.67
Balances with statutory / government

authorities
Unsecured, considered good 596.80 380.81

871.16 460.20
Unsecured, considered doubtful 104.20 82.42 - -
953.58 460.20 380.81

701.00
Provision for doubtful advances - -

(104.20) (82.42)
(e) 871.16 460.20 380.81

596.80
176
Prepaid expenses 54.81 51.69 76.61

69.89
(f) 54.81 51.69 69.89 76.61
Total (a+b+c+d+e+f) 791.33 676.52

707.55 1,150.05
(B) 1. Includes balances in Exchange Earners Foreign Currency ('EEFC') account.
Disclosure of inventories Explanatory [Text Block]

*The closing balance of inventories is net of provision of Rs. 89.36 million (March 31, 2018: Rs. 68.57 million)
The cost of inventories recognised as expense during the year was Rs. 26.90 million (March 31, 2018: Rs. 29.74 million).
The cost of inventories recognised as an expense includes Rs. 3.19 million (March 31, 2018: Rs. 3.14 million) in respect of write downs of
inventory to net realisable value.
Disclosure of notes on provisions explanatory [Text Block]

* A provision is recognized for expected warranty claims on products sold during the last three years, based on past experience of the level of
repairs and returns. Assumptions used to calculate the provision for warranties were based on current sales level and current information available
about returns based on the three-year warranty period for all products sold. The table below gives information about movement in warranty
provisions.
Provision for assets retirement obligation Provision for warranties
April 01, 2017 9.52 33.15
Add: arising during the year - 8.80
Add: addition on account of interest unwinding 0.92 -
Less: utilised during the year - (3.00)
March 31, 2018 10.44 38.95
Add: arising during the year - 9.56
Add: addition on account of interest unwinding 0.90 -
Less: utilised during the year - (15.56)
March 31, 2019 11.34 32.95
177
Nature of other provisions

Provision for assets retirement obligation - Non Current A provision is recognized for expected warranty claims on products sold during the last
three years, based on past experience of the level of repairs and returns. Assumptions used to calculate the provision for warranties were based on
current sales level and current information available about returns based on the three-year warranty period for all products sold. The table below
gives information about movement in warranty provisions. Provision for warranties - Current
[401200] Notes - Additional disclosures on balance sheet
Details of disclosures required under MSMED Act 2006 [Table] ..(1)

Micro small medium enterprises [Axis] 1
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Additional balance sheet notes [Abstract]
Details of disclosures required under MSMED Act 2006 [Abstract]
Details of disclosures required under MSMED Act 2006 [Line items]
Principal and interest due remaining unpaid [Abstract]
Principal due remaining unpaid (A) 174.9 158.67
Interest due remaining unpaid 2.03 0.96
Total principal and interest due remaining unpaid 176.93 159.63
Amount of interest paid under MSMED Act 2006 0 0
Amount of payments made to supplier beyond due date during year 0 0
Amount of interest due and payable for period (B) 6.62 (C) 6.65
Amount of interest accrued and remaining unpaid at end of accounting year (D) 51.29 (E) 42.64
Amount of further interest due and payable even in succeeding year 0 (F) 1.23
Maximum amount outstanding for period from micro small medium enterprises 0 0
Name supplier being micro small medium enterprises 0 0
Footnotes
(A) Micro, small and medium enterprises have been identified by the company on the basis of information available. Total outstanding
dues to micro and small enterprises, which are outstanding for more than the stipulated period and other disclosures as per the Micro,
Small and Medium Enterprises Act 2006 (MSMED Act) are given below:
(B) (d) The amount of interest due and payable for the period of delay in making payment (which have been paid but beyond the
appointed day during the year) but without adding the interest specified under the MSMED Act 2006.
(C) (d) The amount of interest due and payable for the period of delay in making payment (which have been paid but beyond the
appointed day during the year) but without adding the interest specified under the MSMED Act 2006.
(D) (e) The amount of interest accrued and remaining unpaid at the end of each accounting year
(E) (e) The amount of interest accrued and remaining unpaid at the end of each accounting year
(F) (f) The amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues as
above are actually paid to the small enterprise for the purpose of disallowance as a deductible expenditure under section 23 of the
MSMED Act 2006
178

01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of additional balance sheet notes explanatory [TextBlock] [See below]
Additional balance sheet notes [Abstract]
Contingent liabilities and commitments [Abstract]
Classification of contingent liabilities [Abstract]
Claims against company not acknowledged as debt 58.52 86.41
Guarantees 88.82 63.28
Other money for which company is contingently liable 851.82 758.9
Total contingent liabilities 999.16 908.59
Classification of commitments [Abstract]
Estimated amount of contracts remaining to be executed on
1,061.93 1,704.89
capital account and not provided for
Total commitments 1,061.93 1,704.89
Total contingent liabilities and commitments 2,061.09 2,613.48
Details regarding dividends [Abstract]
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Amount of per share dividend proposed to be distributed to
[INR/shares] 0 [INR/shares] 0
preference shareholders
Percentage of proposed dividend 0.00% 0.00%
Details of disclosures required under MSMED Act 2006 [Abstract]
Principal and interest due remaining unpaid [Abstract]
Details of share capital held by foreign companies [Abstract]
Percentage of share capital held by foreign company 100.00% 100.00%
Value of share capital held by foreign company 0 0
Percentage of paid-up capital held by foreign holding company and
0.00% 0.00%
or with its subsidiaries
Value of paid-up capital held by foreign holding company and or
0 0
with its subsidiaries
Details of shareholding pattern of promoters and public [Abstract]
Number of shareholders promoters 2 2
Total number of shareholders promoters and public 2 2
Details of deposits [Abstract]
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Disclosure of equity share warrants [Abstract]
Changes in equity share warrants during period [Abstract]
Additions to equity share warrants during period 0 0
Deductions in equity share warrants during period 0 0
Total changes in equity share warrants during period 0 0
Equity share warrants at end of period 0 0 0
Breakup of equity share warrants [Abstract]
Equity share warrants for existing members 0 0
Equity share warrants for others 0 0
Total equity share warrants 0 0 0
Details of share application money received and paid [Abstract]
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year 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
Share application money received and due for refund 0 0
Details regarding cost records and cost audit[Abstract]
Details regarding cost records [Abstract]
179
Whether maintenance of cost records by company has been

mandated under Companies (Cost Records and Audit) Rules, No No
2014
Details regarding cost audit [Abstract]
Whether audit of cost records of company has been mandated
No No
under Rules specified in SN 1
Net worth of company 0 0
Details of unclaimed liabilities [Abstract]
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Financial parameters balance sheet items [Abstract]
Investment in subsidiary companies 0 0
Investment in government companies 0 0
Amount due for transfer to investor education and protection fund
0 0
(IEPF)
Gross value of transactions with related parties 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
180
Disclosure of additional balance sheet notes explanatory [Text Block]

Standards issued but not yet effective
Ind AS 116 Leases :
On March 30, 2019, Ministry of Corporate Affairs has notified Ind AS 116, Leases. Ind AS 116 will replace the existing leases Standard, Ind AS
17 Leases, and related Interpretations. The Standard sets out the principles for the recognition, measurement, presentation and disclosure of leases
for both parties to a contract i.e., the lessee and the lessor. Ind AS 116 introduces a single lessee accounting model and requires a lessee to
recognize assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. Currently, operating
lease expenses are charged to the statement of profit & loss. The Standard also contains enhanced disclosure requirements for lessees. Ind AS 116
substantially carries forward the lessor accounting requirements in Ind AS 17.
The effective date for adoption of Ind AS 116 is annual periods beginning on or after April 1, 2019. The standard permits two possible methods of
transition:
• Full retrospective – Retrospectively to each prior period presented applying Ind AS 8 Accounting Policies, Changes in Accounting Estimates
and Errors
• Modified retrospective – Retrospectively, with the cumulative effect of initially applying the Standard recognized at the date of initial
application either by:
Under modified retrospective approach, the lessee records the lease liability as the present value of the remaining lease payments, discounted at
the incremental borrowing rate and the right of use asset either as:
• Its carrying amount as if the standard had been applied since the commencement date, but discounted at lessee’s incremental borrowing rate at
the date of initial application or
• An amount equal to the lease liability, adjusted by the amount of any prepaid or accrued lease payments related to that lease recognized under
Ind AS 17 immediately before the date of initial application
Certain practical expedients are available under both the methods.
The Company is currently assessing the impact on adoption of this standard on the Company's financial statements.
Ind AS 12 Appendix C, Uncertainty over Income Tax Treatments :

On March 30, 2019, Ministry of Corporate Affairs has notified Ind AS 12 Appendix C, Uncertainty over Income Tax Treatments which is to be
applied while performing the determination of taxable profit (or loss), tax bases, unused tax losses, unused tax credits and tax rates, when there is
uncertainty over income tax treatments under Ind AS 12. According to the appendix, companies need to determine the probability of the relevant
tax authority accepting each tax treatment, or group of tax treatments, that the companies have used or plan to use in their income tax filing which
has to be considered to compute the most likely amount or the expected value of the tax treatment when determining taxable profit (tax loss), tax
bases, unused tax losses, unused tax credits and tax rates.
The standard permits two possible methods of transition -
i) Full retrospective approach – Under this approach, Appendix C will be applied retrospectively to each prior reporting period presented in
accordance with Ind AS 8 – Accounting Policies, Changes in Accounting Estimates and Errors, without using hindsight and
ii) Retrospectively with cumulative effect of initially applying Appendix C recognized by adjusting equity on initial application, without adjusting
comparatives.
The effective date for adoption of Ind AS 12 Appendix C is annual periods beginning on or after April 1, 2019.
The Company is currently assessing the impact on adoption of this standard on the Company's financial statements
Amendment to Ind AS 19 – plan amendment, curtailment or settlement :

On March 30, 2019, Ministry of Corporate Affairs issued amendments to Ind AS 19, ‘Employee Benefits’, in connection with accounting for plan
amendments, curtailments and settlements.
The amendments require an entity:
• to use updated assumptions to determine current service cost and net interest for the remainder of the period after a plan amendment, curtailment
or settlement; and
• to recognise in profit or loss as part of past service cost, or a gain or loss on settlement, any reduction in a surplus, even if that surplus was not
previously recognised because of the impact of the asset ceiling.
Effective date for application of this amendment is annual period beginning on or after 1 April 2019. The Company is currently evaluating the
effect of this amendment on the financial statements.
Amendment to Ind AS 12 'Income Taxes' :

On March 30, 2019, the Ministry of Corporate Affairs has notified limited amendments to Ind AS 12 'Income Taxes'. The amendments require an
entity to recognise the income tax consequences of dividends as defined in Ind AS 109 when it recognises a liability to pay a dividend. The
income tax consequences of dividends are linked more directly to past transactions or events that generated distributable profits than to
distributions to owners. Therefore, an entity shall recognize the income tax consequences of dividends in profit or loss, other comprehensive
income or equity according to where the entity originally recognised those past transactions or events. The amendment will come into force for
accounting periods beginning on or after April 1, 2019.
The Company is evaluating the effect of the above on its financial statements.
The Company is in the process of conducting a transfer pricing study as required by the transfer pricing regulations under the Income Tax Act,
1961 ('regulations') to determine whether the transactions entered during the year ended March 31, 2019, with the associated enterprises where
undertaken at "arm's length price". The management confirms that all the transactions with associate enterprises are undertaken at negotiated
181
prices on usual commercial terms and is confident that the aforesaid regulations will not have any impact on the financial statements, particularly
on the amount of tax expense and that of provision for taxation.
As at March 31, 2019, foreign currency payables of Rs. 76,387,104 (March 31, 2018: Rs. 37,303,575) and foreign currency receivables of Rs
19,290,569 (March 31, 2018: Rs. 42,896,174) towards purchase and sale of goods and services respectively, were outstanding beyond permissible
time period stipulated under the Master Circular on Import of Goods and Services and Master Circular on Export of Goods and Services issued by
Reserve Bank of India ('the RBI'), which states that payments against imports of goods are required to be made within six months from date of
shipment and receipts against exports of goods and services are required to be made within nine months from date of shipment respectively.
Considering that the balances are outstanding for more than the stipulated time, subsequent to the year end, the Company has intimated the
appropriate regulatory authorities and filed for seeking requisite approvals for extensions under the Foreign Exchange Management Act, 1999.
The management is confident that required approvals would be received and penalties, if any that may be imposed on the Company would not be
material. Accordingly, no adjustments have been made by the management to these Ind AS financial statements in this regard.
Capital management
For the purpose of the Company’s capital management, capital includes issued equity capital, share premium and all other equity reserves
attributable to the equity holders of the Company. The primary objective of the Company’s capital management is to maximise the shareholder
value.
The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the
financial covenants. The Company monitors capital using a gearing ratio, which is total debt divided by total capital plus total debt. The
Company’s policy is to keep the gearing ratio at an optimum level to ensure that the debt related covenant are complied with.
(Rs in million)
At March 31, 2019 At March 31, 2018
Borrowings (refer note 15) 1,408.53 2,032.82
Less: Cash and Cash Equivalents (1,500.77) (1,495.15)
Net debt (92.26) 537.67
Capital components
Equity share capital 78.10 78.10
Other equity 4,691.88 3,596.40
Total Capital 4,769.98 3,674.50
Capital and borrowings 4,677.72 4,212.17
Gearing ratio(%) -1.97% 12.76%
In order to achieve this overall objective, the Company’s capital management, amongst other things, aims to ensure that it meets financial
covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. Breaches in meeting the financial
covenants would permit the bank to immediately call loans and borrowings. There have been no material breaches in the financial covenants of
any interest-bearing loans and borrowing in the current period.
No changes were made in the objectives, policies or processes for managing capital during the years ended March 31, 2019 and March 31, 2018.
182
[611800] Notes - Revenue

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
R e f e r R e f e r
Disclosure of revenue [TextBlock] Accounting Policies Accounting Policies
[612400] Notes - Service concession arrangements

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of service concession arrangements [TextBlock]
Whether there are any service concession arrangments No No
[612000] Notes - Construction contracts

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of notes on construction contracts [TextBlock]
Whether there are any construction contracts No No
Revenue from construction contracts 0 0
Costs incurred and recognised profits (less recognised losses) 0 0
Advances received for contracts in progress 0 0
Retention for contracts in progress 0 0
Gross amount due from customers for contract work as Assets 0 0
Gross amount due to customers for contract work as liability 0 0
Progress billings 0 0
183
[612600] Notes - Employee benefits
Disclosure of sensitivity analysis for actuarial assumptions [Table] ..(1)

Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Actuarial assumption of discount rates Actuarial assumption of expected rates of
Actuarial assumptions [Axis]
[Member] salary increases [Member]
Defined benefit plans categories [Axis] 1 2
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of sensitivity analysis for actuarial
assumptions [Abstract]
Disclosure of sensitivity analysis for
actuarial assumptions [Line items]
Description of type of plan Gratuity Gratuity Gratutiy Gratutiy
Percentage of reasonably possible increase
-5.44% -5.39% 5.87% 5.85%
in actuarial assumption
Increase (decrease) in defined benefit
obligation due to reasonably possible 67.25 46.54 75.29 52.07
increase in actuarial assumption
Percentage of reasonably possible decrease
5.93% 5.87% -5.44% -5.41%
in actuarial assumption
Increase (decrease) in defined benefit
obligation due to reasonably possible 75.33 52.08 67.24 46.53
decrease in actuarial assumption
Disclosure of defined benefit plans [Table] ..(1)

Defined benefit plans categories [Axis] Gratuity
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of defined benefit plans [Abstract]
Disclosure of defined benefit plans [Line items]
Description of type of plan Gratuity Refer Text Block
Surplus (deficit) in plan [Abstract]
Defined benefit obligation, at present value 71.13 49.19
Plan assets, at fair value -47.8 1.15
Net surplus (deficit) in plan -118.93 -48.04
Actuarial assumption of discount rates 7.55% 8.10%
Actuarial assumption of expected rates of salary increases 8.00% 8.00%
Actuarial assumption of expected rates of inflation 0.00% 7.50%
Other material actuarial assumptions 7.5
184
Disclosure of net defined benefit liability (assets) [Table] ..(1)

Net defined benefit liability (assets) [Axis] Present value of defined benefit obligation [Member]
Defined benefit plans categories [Axis] 1
01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of net defined benefit liability (assets) [Abstract]
Disclosure of net defined benefit liability (assets) [Line items]
Description of type of plan Gratutiy Gratuity
Changes in net defined benefit liability (assets) [Abstract]
Current service cost, net defined benefit liability
13.35 15.88
(assets)
Interest expense (income), net defined benefit liability
3.84 3.37
(assets)
Gain (loss) on remeasurement, net defined benefit
Actuarial losses (gains) arising from changes in
demographic assumptions, net defined benefit 6.85 -0.73
liability (assets)
Actuarial losses (gains) arising from changes in
financial assumptions, net defined benefit 4.24 6.47
liability (assets)
Total loss (gain) on remeasurement, net defined
11.09 5.74
benefit liability (assets)
Past service cost and gains (losses) arising from
settlements, net defined benefit liability
(assets) [Abstract]
Losses (gains) arising from settlements, net defined
0 9.89
Net past service cost and gains (losses) arising
from settlements, net defined benefit liability 0 -9.89
(assets)
Increase (decrease) through other changes, net defined
-6.34 -3.66
Total increase (decrease) in net defined benefit liability
-0.24 -0.04
(assets)
Net defined benefit liability (assets) at end of period 48.92 49.16 49.2

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of employee benefits [TextBlock] [See below]
Disclosure of defined benefit plans [TextBlock]
Whether there are any defined benefit plans Yes Yes
Disclosure of net defined benefit liability (assets) [TextBlock]
Textual information (42) Textual information (43)
Disclosure of sensitivity analysis for actuarial assumptions [TextBlock] [See below] [See below]
185
Disclosure of employee benefits [Text Block]

Gratuity and other post-employment benefit plans
a) Defined contribution plans
The Company makes Provident Fund contributions and Superannuation Fund contributions which are defined contribution plans, for qualifying
employees. Under the Scheme, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The
Company recognised Rs. 40.44 million (Previous Year Rs. 46.11 million) for Provident Fund contributions, Rs. 4.99 million (Previous Year Rs.
5.73 million) for Superannuation Fund contributions in the Statement of Profit and Loss. The contributions payable to this plan by the Company
are at rates specified in the rules of the scheme.
b) Defined benefit plan
Gratuity
The Company has a defined benefit gratuity plan. Every employee who has completed two years or more of service (March 31, 2018: two years
or more of service) gets a gratuity on departure at 15 days salary (last drawn salary) for each completed year of service. The scheme is funded
with an insurance company in the form of a qualifying insurance policy.
Statement of Profit and Loss
i. Net benefit expenses (recognized in the Statement of Profit and Loss)
March 31, March 31, 2018

2019
Current service cost 13.35

15.91
Net interest cost on defined benefit obligations / (assets) 3.84 3.37
Interest income on plan assets (0.11)

(0.07)
Net benefit expenses 17.08 19.21
ii. Remeasurement (gains)/ loss recognised in other comprehensive income:

2019
Actuarial (gain)/ loss on obligations arising from changes in experience

6.85 0.73
adjustments
Actuarial (gain)/ loss on obligations arising from changes in financial

4.24
assumptions (6.47)
Actuarial (gain)/ loss on obligations arising from changes in demographic

# -
assumptios
186
Actuarial loss / (gain) arising during the year (2.20) 0.13
Actuarial (gain)/ loss recognised in OCI 8.89 (5.61)
# Below Rs. 50,000
Balance Sheet
iii. Net defined benefit asset/ (liability)

2019
Defined benefit obligation 71.13

49.19
Fair value of plan assets (47.80)

(1.15)
Plan liability / (asset) 23.33 48.04

iv. Changes in the present value of the defined benefit obligation are as
2019
follows:
Opening defined benefit obligation 49.16

49.20
Current service cost 13.35

15.88
Interest cost on the defined benefit obligation 3.84 3.37
Actuarial (gain)/ loss on obligations arising from changes in experience

6.85 0.73
adjustments
Actuarial (gain)/ loss on obligations arising from changes in financial

4.24
assumptions (6.47)
Actuarial (gain)/ loss on obligations arising from changes in demographic

# -
assumptios
187
Eliminated on reclassification as held for sale (refer note 39) -

(9.89)
Benefits paid (6.34)

(3.66)
Closing defined benefit obligation 71.10 49.16
# Below Rs. 50,000

v. Changes in the fair value of plan assets are as follows: 2019
Opening fair value of plan assets 1.15 0.87
Interest income on plan assets 0.11 0.07
Contributions by employer 50.68 4.00
Return on plan assets (lesser)/ greater than discount rate 2.20

(0.13)
Benefits paid (6.34)

(3.66)
Closing fair value of plan assets 47.80 1.15
The Company expects to contribute Rs. 20.00 million (March 31, 2018: Rs
5.0 million) towards gratuity fund in the next year.
March 31,
vi. Expected benefit payments for the year ending:
2019
Rs in million
March 31, 2020 4.76
March 31, 2021 4.86
March 31, 2022 5.35
188
March 31, 2023 5.37
March 31, 2024 3.92
March 31, 2025 3.93
March 31, 2026 4.21
March 31, 2027 4.47
March 31, 2028 5.41
March 31, 2029 and above

164.31
The average duration of the defined benefit plan obligation at the end of the
reporting period is 11.35 years (March 31, 2018: 11.24 years).
vii. The major categories of plan assets as a percentage of the fair value of
total plan assets are as follows:
March 31,
March 31, 2018
2019
Investments with insurer 100% 100%
viii. The principal assumptions used in determining gratuity obligation for the
Company's plans are shown below:
March 31,
March 31, 2018
2019
Discount rate (in %) 7.55% 8.10%
Expected rate of return on assets (in %) 7.50% 7.50%
Salary escalation (in %) 8.00% 8.00%
Mortality rate Refer Note (i) Refer Note (i)
Employee turnover (Age bracket)
189
21-30 12% 12%
31-34 10% 10%
35-44 5% 5%
45-50 3% 3%
51-54 2% 2%
55-57 1% 1%
Notes:
i) As per Indian Assured Lives Mortality (2006-08) Ultimate.
ii) The estimates of future salary increase in compensation levels, considered

in actuarial valuation, take account of inflation, seniority, promotion and other
relevant factors, such as supply and demand in the employment market.
iii) The overall expected rate of return on assets is determined based on the
market prices prevailing on that date, applicable to the period over which the
obligation is to be settled. Assumed rate of return on assets is expected to
vary from year to year reflecting the returns on matching government bonds.
ix. A quantitative sensitivity analysis for significant assumption as at March

31, 2019 is as shown below:
March
March 31,
31, Rs in
2019 Rs in million
2018 million
%
%
Discount rate
Impact on defined benefit obligation due to 0.5% increase in discount rate -5.44% 67.25 -5.39%
46.54
Impact on defined benefit obligation due to 0.5% decrease in discount rate 5.93% 75.33 5.87%
52.08
Salary escalation rate
190
Impact on defined benefit obligation due to 0.5% increase in salary 5.87% 75.29 5.85%
escalation rate 52.07
Impact on defined benefit obligation due to 0.5% decrease in salary

-5.44% 67.24 -5.41%
escalation rate 46.53
The sensitivity analyses above have been determined based on a method

that extrapolates the impact on defined benefit obligation as a result of
reasonable changes in key assumptions occurring at the end of the reporting
period.
c) Compensated absences

2019
(i) Charged to Statement of Profit and Loss 8.97

14.47
(ii) Provision as at year end 8.84 8.76
For actuarial assumptions refer Note (b) above
The discount rate for defined benefit plan and other long term benefits is based on the prevailing market yields of Government of India securities
as at the balance sheet date for the estimated term of the obligations.
The estimate of future salary increases considered, takes into account the inflation, seniority, promotion, increments and other relevant factors.
Disclosure of sensitivity analysis for actuarial assumptions [Text Block]

The sensitivity analyses have been determined based on a method that extrapolates the impact on defined benefit obligation as a result of
reasonable changes in key assumptions occurring at the end of the reporting period.
Disclosure of sensitivity analysis for actuarial assumptions [Text Block]

The sensitivity analyses have been determined based on a method that extrapolates the impact on defined benefit obligation as a result of
reasonable changes in key assumptions occurring at the end of the reporting period.
191
[612800] Notes - Borrowing costs

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of borrowing costs [TextBlock]
Whether any borrowing costs has been capitalised during the year No No
Borrowing costs [Abstract]
Borrowing costs capitalised 0 0
Total borrowing costs incurred 0 0
Interest costs [Abstract]
Interest costs capitalised 0 0
Interest expense 0 0
Total interest costs incurred 0 0
Capitalisation rate of borrowing costs eligible for capitalisation 0.00% 0.00%
[700100] 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
01/04/2018 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
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]
Narasimha Murthy
Name of key managerial personnel or director Ashoka Gogate Joydeep Roy Rajesh Kumar Ram
Tumkur
Director identification number of key managerial
01051460 00814254 07150220
personnel or director
Permanent account number of key managerial
ADZPG5095R
personnel or director
Date of birth of key managerial personnel or
15/10/1973 01/10/1964 14/06/1964 01/06/1971
director
Designation of key managerial personnel or director Company Secretary Managing Director Director Director
Qualification of key managerial personnel or
ACS Graduate Graduate Graduate
director
Shares held by key managerial personnel or director [shares] 0 [shares] 0 [shares] 0 [shares] 0
Key managerial personnel or director remuneration
[Abstract]
Gross salary to key managerial personnel or
director [Abstract]
Salary key managerial personnel or director 2.74 23.27 11.3 6.74
Perquisites key managerial personnel or
0 0
director
Gross salary to key managerial personnel or
2.74 23.27 11.3 6.74
director
Total key managerial personnel or director
2.74 23.27 11.3 6.74
remuneration
192

01/04/2018
to
31/03/2019
*Excluding
provision for
contribution to gratuity
Disclosure of key managerial personnels and directors and remuneration fund and provision for
to key managerial personnels and directors explanatory [TextBlock] leave encashment as they
are determined on
actuarial basis for the
Company as a
whole.
[612200] Notes - Leases
Disclosure of finance lease and operating lease by lessee [Table] ..(1)

Later than one year and not later than
Maturity [Axis] Not later than one year [Member]
five years [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of finance lease and operating lease by
lessee [Abstract]
Disclosure of finance lease and operating lease
by lessee [Line items]
Minimum finance lease payments payable 8.54 2.24 25.45 4.46
Minimum finance lease payments payable at
6.12 1.63 21.34 3.61
present value
Future finance charge on finance lease 6.53 1.45

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of leases [TextBlock] [See below]
Whether company has entered into any lease agreement Yes Yes
Disclosure of finance lease and operating lease by lessee [TextBlock]
Total contingent rents recognised as expense 0 0
Total lease and sublease payments recognised as expense 0 0
Disclosure of finance lease and operating lease by lessor [TextBlock]
Total contingent rents recognised as income 0 0
Whether any operating lease has been converted to financial lease or
No No
vice-versa
193
Disclosure of leases [Text Block]

Leases
Operating lease: Company as lessee
The Company has entered into certain cancellable and non-cancellable operating lease arrangements towards factory premises, office premises
and residential premises for employees. These lease arrangements range for a period from 11 months to 25 years. Most of the leases are
renewable for further period on mutually agreeable terms and also include escalation clauses which are in the range of 5% to 15%. There are no
restrictions imposed on the Company by these lease arrangements. There are no sub-lease arrangements entered by the Company.
Rent expenses included in the Statement of Profit and Loss towards such operating leases is Rs. 122.55 million (March 31, 2018: Rs. 133.15
million).
Future minimum rentals payable under non-cancellable operating leases are as follows:
Particulars March 31, 2019 March 31, 2018
Within one year 105.64 105.64
After one year but not more than five years 19.53 130.52
125.17 235.56
Finance lease
The company has taken vehicles on finance lease. These lease arrangements range for a period between 2 to 5 years and are non-cancellable.
There are no restrictions imposed on the Company by these lease arrangements.
[612300] Notes - Transactions involving legal form of lease

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of arrangements involving legal form of lease [TextBlock]
Whether there are any arrangements involving legal form of lease No No
194
[612900] Notes - Insurance contracts

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of insurance contracts [TextBlock]
Whether there are any insurance contracts as per Ind AS 104 No No
Disclosure of amounts arising from insurance contracts [TextBlock]
Deferred acquisition costs arising from insurance contracts 0 0
Total liabilities under insurance contracts and reinsurance
0 0
contracts issued
Total increase (decrease) in liabilities under insurance
0 0
contracts and reinsurance contracts issued
Liabilities under insurance contracts and reinsurance contracts
0 0
issued at end of period
Total increase (decrease) in deferred acquisition costs arising
0 0
from insurance contracts
Deferred acquisition costs arising from insurance contracts at end
0 0
of period
Total increase (decrease) in reinsurance assets 0 0
Reinsurance assets at end of period 0 0
[613100] Notes - Effects of changes in foreign exchange rates

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of effect of changes in foreign exchange rates [TextBlock]
Whether there is any change in functional currency during the year No No
Description of presentation currency INR
[500100] Notes - Subclassification and notes on income and expenses
Miscellaneous other operating revenues [Table] ..(1)

Miscellaneous other operating revenues [Axis] 1 2
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 59.95 69.95 51.93 45.63
Miscellaneous other operating revenues [Abstract]
Miscellaneous other operating revenues
[LineItems]
Description of miscellaneous other operating Income from duty Income from duty
Sale of samples Sale of samples
revenues scrips scrips
195
Miscellaneous other operating revenues [Table] ..(2)

Miscellaneous other operating revenues [Axis] 3 4
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Miscellaneous other operating revenues
[LineItems]
Description of miscellaneous other operating
Sale of components Sale of components Scrap sales Scrap sales
revenues
196

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 14,574.2 12,425.16
Revenue from sale of services 640.93 573.99
Other operating revenues 740.19 718.81
Other operating revenues 740.19 718.81
Total revenue from operations other than finance company 15,955.32 13,717.96
Disclosure of revenue from operations for finance company [Abstract]
Total revenue from operations finance company 0 0
Total revenue from operations 15,955.32 13,717.96
Miscellaneous other operating revenues 740.19 718.81
Total other operating revenues 740.19 718.81
Total other operating revenues 740.19 718.81
Miscellaneous other operating revenues 740.19 718.81
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Total interest income on current investments 0 0
Interest income on non-current investments [Abstract]
Interest on fixed deposits, non-current investments 71.31 31.67
Interest on other non-current investments (A) 3.42 (B) 4.17

Total interest income on non-current investments 74.73 35.84
Total interest income 74.73 35.84
Dividend income [Abstract]
Dividend income current investments [Abstract]
Total dividend income current investments 0 0
Dividend income non-current investments [Abstract]
Total dividend income non-current investments 0 0
Total dividend income 0 0
Net gain/loss on sale of investments [Abstract]
Total net gain/loss on sale of investments 0 0
Rental income on investment property [Abstract]
Total rental income on investment property 0 0
Other non-operating income [Abstract]
Net gain (loss) on foreign currency fluctuations treated as other
income [Abstract]
Total net gain/loss on foreign currency fluctuations treated as
0 0
other income
Surplus on disposal, discard, demolishment and destruction of
0 1.25
depreciable property, plant and equipment
Income government grants subsidies 0 11.7
Excess provisions written back 5.15 46.14
Miscellaneous other non-operating income 10.1 0
Total other non-operating income 15.25 59.09
Total other income 89.98 94.93
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense non-current loans [Abstract]
Interest expense non-current loans, banks (C) 41.78 (D) 53.17
Total interest expense non-current loans 41.78 53.17
Interest expense current loans [Abstract]
Total interest expense current loans 0 0
Other interest charges (E) 9.56

8.53
Total interest expense 51.34 61.7
197
Total finance costs 51.34 61.7

Employee benefit expense [Abstract]
Salaries and wages 960.33 781.94
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 0 60.49
Total remuneration to directors 0 60.49
Remuneration to manager [Abstract]
Total remuneration to manager 0 0
Total managerial remuneration 0 60.49
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for contract labour 45.43 41.44
Total contribution to provident and other funds 45.43 41.44
Employee share based payment [Abstract]
Total employee share based payment 0 0
Gratuity 17.08 14.96
Staff welfare expense 106.53 116.47
Total employee benefit expense 1,129.37 1,015.3
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 333.53 270.19
Amortisation expense 7.9 9.33
Total depreciation, depletion and amortisation expense 341.43 279.52
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 0 0
Power and fuel 129.28 125.14
Rent 122.55 102.91
Repairs to building 48.72 39.37
Repairs to machinery 127.9 75.97
Insurance 24.22 23.36
Rates and taxes excluding taxes on income [Abstract]
Excise duty 0 385.92
Other cess taxes 5.92 12.04
Total rates and taxes excluding taxes on income 5.92 397.96
Research development expenditure 117.97 230.69
Telephone postage 21.36 15.8
Travelling conveyance 153.06 142.79
Legal professional charges 144.05 121.42
Directors sitting fees 0 0
Bank charges 6.08 4.9
Warranty claim expenses 9.56 8.8
Cost repairs maintenance other assets 166.53 154.32
Cost transportation [Abstract]
Cost freight 73.22 65.07
Total cost transportation 73.22 65.07
Cost technical services 186.9 178.08
Cost royalty 350.8 287.39
Impairment loss on financial assets [Abstract]
Total impairment loss on financial assets 0 0
Impairment loss on non financial assets [Abstract]
Total impairment loss on non-financial assets 0 0
Net provisions charged [Abstract]
Other provisions created 15.72 27.61
Total net provisions charged 15.72 27.61
Discount issue shares debentures written off [Abstract]
Total discount issue shares debentures written off 0 0
Loss on disposal of intangible Assets 0 0
Loss on disposal, discard, demolishment and destruction of
0 0
depreciable property plant and equipment
Contract cost [Abstract]
Overhead costs apportioned contracts [Abstract]
Total overhead costs apportioned contracts 0 0
Total contract cost 0 0
Payments to auditor [Abstract]
Payment for audit services 3.9 3.4
Payment for taxation matters 0.2 0.2
198
Total payments to auditor 4.1 3.6

Payments to cost auditor [Abstract]
Total payments to cost auditor 0 0
CSR expenditure 0 0
Miscellaneous expenses (F) 671.55 (G) 478.62

Total other expenses 2,379.49 2,483.8
Current tax [Abstract]
Current tax pertaining to previous years 46.3 3.42
Current tax pertaining to current year 315.85 230.32
MAT credit recognised during year 0 -120.59
Total current tax 362.15 354.33
199
Footnotes
(A) on financial assets carried at amortised cost
(B)
(C) Interest Expenses on loans + Interest expenses on finance lease.
(D) Interest Expenses on loans + Interest expenses on finance lease.
(E)
Particulars 2018-19
Dues of micro and small enterprises 8.65
Income tax -
Unwinding of interest on asset retirement obligation 0.91
Total 9.56
(F)
Particulars 2018-19
Exchange differences (net) 74.74
Miscellaneous expenses 26.62
Testing charges (refer note 34) 196.06
Sub-contracting charges 309.51
Bad Debts written off 3.29
Loss on sale/write off of property, plant and equipment (net) 7.24
671.55
Total
(G)
Particulars 2017-18
Exchange differences (net) 35.11
200
Miscellaneous expenses 68.26
Testing charges (refer note 34) 122.90
Sub-contracting charges 252.28
Total 478.61
[613200] Notes - Cash flow statement

01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of cash flow statement [TextBlock]
Cash and cash equivalents cash flow statement 1,500.77 1,495.15 714.32
Cash and cash equivalents (A) 1,500.77

1,495.15
Income taxes paid (refund), classified as operating activities 597.74 458.75

Total income taxes paid (refund) 597.74 458.75
Footnotes
(A) 1. Includes balances in Exchange Earners Foreign Currency ('EEFC') account.
201
[500200] Notes - Additional information statement of profit and loss

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Additional information on profit and loss account explanatory [TextBlock] [See below]
Net write-downs (reversals of write-downs) of inventories 0 0
Net write-downs (reversals of write-downs) of property, plant and
0 0
equipment
Net impairment loss (reversal of impairment loss) recognised
0 0
in profit or loss, trade receivables
Net gains (losses) on disposals of non-current assets 0 0
Net gains (losses) on disposals of property, plant and equipment 0 0
Net gains (losses) on disposals of investment properties 0 0
Net gains (losses) on disposals of investments 0 0
Net gains (losses) on litigation settlements 0 0
Net gains (losses) on change in fair value of derivatives 0 0
Total share of other comprehensive income of associates and
0 0
joint ventures accounted for using equity method, net of tax
Total share of other comprehensive income of associates and
0 0
joint ventures accounted for using equity method, before tax
Total aggregated income tax relating to share of other
comprehensive income of associates and joint ventures 0 0
accounted for using equity method
Total aggregated income tax relating to components of other
0 0
Changes in inventories of finished goods -152.31 -26.02
Changes in inventories of work-in-progress -44.61 -1.36
Changes in inventories of stock-in-trade -8.41 -15.02
Total changes in inventories of finished goods, work-in-progress and
-205.33 -42.4
stock-in-trade
Total exceptional items 0 0
Total revenue arising from exchanges of goods or services 0 0
Domestic sale manufactured goods 14,315.65 11,743.59
Domestic sale traded goods 128.52 103.95
Total domestic turnover goods, gross 14,444.17 11,847.54
Export sale manufactured goods 130.03 577.62
Total export turnover goods, gross 130.03 577.62
Total revenue from sale of products 14,574.2 12,425.16
Domestic revenue services 131.81 107.41
Export revenue services 509.12 466.58
Total revenue from sale of services 640.93 573.99
Gross value of transaction with related parties 0 0
Bad debts of related parties 0 0
202
Additional information on profit and loss account explanatory [Text Block]

Revenue from contracts with customers
Product revenues consist of sales to original equipment manufacturers (OEMs). The Company considers customer purchase orders, which in some
cases are governed by master sales agreements, to be the contracts with a customer. In situations where sales are to a distributor, the Company has
concluded that its contract is with the distributor as the Company holds a contract bearing enforceable rights and obligations only with the
distributor. As part of its consideration of the contract, the Company evaluates certain factors including the customer's ability to pay (or credit
risk). For each contract, the Company considers the promise to transfer products, each of which is distinct, to be the identified performance
obligations. The Company receives payments from customers based upon contractual billing schedules. Accounts receivable are recorded when
the right to consideration becomes unconditional.
Revenue from sales to distributors is recognized upon the transfer of control to the distributor. Discounts, sales incentives that are payable to
distributors are netted-off with revenue.
In determining the transaction price, the Company evaluates whether the price is subject to refund or adjustment to determine the net
consideration to which the Company expects to be entitled. Revenue is recognized when control of the product is transferred to the customer (i.e.,
when the Company's performance obligation is satisfied). Further, in determining whether control has transferred, the Company considers if there
is a present right to payment and legal title, along with risks and rewards of ownership having transferred to the customer.
The geographical segments information given in note 35 presents disaggregated revenues from contracts with customers by geography and refer
table below for revenue based on timing of recognition. The Company believes that this disaggregation best depicts how the nature, amount,
timing and uncertainty of its revenues and cash flows are affected by industry, market and other economic factors.
March 31, 2019 March 31, 2018

Revenue based on its timing of recognition Rs. in million Rs. in million
Point in time 15,314.39 13,143.98
Over a period of time 640.93 573.99
Total 15,955.32 13,717.97
In accordance with the practical expedient in Para 63 of Ind AS 115, the Company has not adjusted the promised amount of consideration for the
effects of a significant financing component if the Company expects, at contract inception, that the period between when the Company transfers a
promised good or service to a customer and when the customer pays for that good or service will be one year or less.
[611200] Notes - Fair value measurement

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of fair value measurement [TextBlock]
Disclosure of fair value measurement of assets [TextBlock]
Whether assets have been measured at fair value No No
Disclosure of fair value measurement of liabilities [TextBlock]
Whether liabilities have been measured at fair value No No
Disclosure of fair value measurement of equity [TextBlock]
Whether equity have been measured at fair value No No
203
[613300] Notes - Operating segments
Disclosure of geographical areas [Table] ..(1)

Geographical areas [Axis] Country of domicile [Member] Foreign countries [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Revenue from external customers 14,891.4 11,808.45 1,063.92 1,909.51
Disclosure of geographical areas [Abstract]
Disclosure of geographical areas [Line items]
Country of domicile or foreign country India India
Non-current assets other than financial
instruments, deferred tax assets,
2,705.13 2,464.29
post-employment benefit assets, and rights
arising under insurance contracts
Disclosure of geographical areas [Table] ..(2)

Geographical areas [Axis] Foreign country 1 [Member]
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Revenue from external customers 1,063.92 1,909.51
Disclosure of geographical areas [Abstract]
Disclosure of geographical areas [Line items]
Country of domicile or foreign country Outside India Outside India

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of entity's operating segments [TextBlock] [See below]
Disclosure of reportable segments [TextBlock] [See below]
Whether there are any reportable segments No No
Disclosure of products and services [TextBlock]
Disclosure of geographical areas [TextBlock]
Disclosure of major customers [TextBlock]
Whether there are any major customers No No
204
Disclosure of entity's operating segments [Text Block]

Segment Reporting
The Company, a manufacturer of integrated safety systems for automotive manufacturers, operates primarily in one segment, being the primary
segment of the Company. Secondary segmental reporting is performed on the basis of the geographical location of customers. The accounting
principles and policies used in the preparation of these financial statements, as set out in the note on significant accounting policies, are also
consistently applied to record revenue and expenditure, and assets and liabilities in individual segments.
Operating segment is reported in a manner consistent with the internal reporting provided to the Chief Finance Office and Managing Director
jointly regarded as the Chief Operating Decision Maker (“CODM”). The CODM evaluates the Company’s performance and allocates resources
based on an analysis of various performance indicators by operating segment. The CODM reviews revenue and gross profit as the performance
indicator for the operating segment.
Primary - Business Segments
The Company is engaged in manufacturing of integrated safety systems for major automotive manufacturers. The key products manufactured by
the Company includes seat belts, air bags and steering wheels. It considers revenue from sale of services and trading activity of electronic items as
complementary to the sale of such key products and therefore being subject to the same risks and returns. Accordingly, the Company’s business
activity primarily falls within the single business segment for which no further disclosures are required other than those already given in these
financial statements.
Secondary - Geographical Segments
Geographical segments are categorised as ‘India’ and ‘Outside India’ and are based on the domicile of the customers.
Geographical Segments
March 31, 2019 March 31, 2018
Segment Revenue Non-Current Assets* Segment Revenue Non-Current Assets*
Rs in million Rs in million Rs in million Rs in million
India 14,891.40 2,705.13 12,161.50 2,464.29
Outside India 1,063.92 - 1,556.46 -
Total 15,955.32 2,705.13 13,717.96 2,464.29
* Excludes financial instruments, deferred tax assets and non-current tax assets
205
Disclosure of reportable segments [Text Block]

The Company, a manufacturer of integrated safety systems for automotive manufacturers, operates primarily in one segment, being the primary
segment of the Company. Secondary segmental reporting is performed on the basis of the geographical location of customers. The accounting
principles and policies used in the preparation of these financial statements, as set out in the note on significant accounting policies, are also
consistently applied to record revenue and expenditure, and assets and liabilities in individual segments.
Operating segment is reported in a manner consistent with the internal reporting provided to the Chief Finance Office and Managing Director
jointly regarded as the Chief Operating Decision Maker (“CODM”). The CODM evaluates the Company’s performance and allocates resources
based on an analysis of various performance indicators by operating segment. The CODM reviews revenue and gross profit as the performance
indicator for the operating segment.
Primary - Business Segments
The Company is engaged in manufacturing of integrated safety systems for major automotive manufacturers. The key products manufactured by
the Company includes seat belts, air bags and steering wheels. It considers revenue from sale of services and trading activity of electronic items as
complementary to the sale of such key products and therefore being subject to the same risks and returns. Accordingly, the Company’s business
activity primarily falls within the single business segment for which no further disclosures are required other than those already given in these
financial statements.
[610700] Notes - Business combinations

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of business combinations [TextBlock]
Whether there is any business combination No No
Disclosure of reconciliation of changes in goodwill [TextBlock]
Whether there is any goodwill arising out of business combination No No
Disclosure of acquired receivables [TextBlock]
Whether there are any acquired receivables from business combination No No
Disclosure of contingent liabilities in business combination [TextBlock]
Whether there are any contingent liabilities in business combination No No
206
[611500] Notes - Interests in other entities

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of interests in other entities [TextBlock]
Disclosure of interests in subsidiaries [TextBlock]
Disclosure of subsidiaries [TextBlock]
Whether company has subsidiary companies No No
Whether company has subsidiary companies which are yet to commence
No No
operations
Whether company has subsidiary companies liquidated or sold during
No No
year
Disclosure of interests in associates [TextBlock]
Disclosure of associates [TextBlock]
Whether company has invested in associates No No
Whether company has associates which are yet to commence operations No No
Whether company has associates liquidated or sold during year No No
Disclosure of interests in joint arrangements [TextBlock]
Disclosure of joint ventures [TextBlock]
Whether company has invested in joint ventures No No
Whether company has joint ventures which are yet to commence
No No
operations
Whether company has joint ventures liquidated or sold during year No No
Disclosure of interests in unconsolidated structured entities [TextBlock]
Disclosure of unconsolidated structured entities [TextBlock]
Whether there are unconsolidated structured entities No No
Disclosure of investment entities [TextBlock]
Disclosure of information about unconsolidated subsidiaries [TextBlock]
Whether there are unconsolidated subsidiaries No No
Disclosure of information about unconsolidated structured entities
controlled by investment entity [TextBlock]
Whether there are unconsolidated structured entities controlled by
No No
investment entity
207
[610800] Notes - Related party
Disclosure of transactions between related parties [Table] ..(1)

Categories of related parties [Axis] Parent [Member] Other related parties [Member]
Related party [Axis] 1 2
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Autoliv Thailand
Name of related party Autoliv AB Autoliv AB
Ltd
Autoliv Thailand Ltd

SWEDEN SWEDEN THAILAND THAILAND
related party
Description of nature of transactions with As per detailed As per detailed As per detailed As per detailed
related party Tagging Tagging Tagging Tagging
Description of nature of related party
Holding company Holding company Fellow Subsidary Fellow Subsidary
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 0 1.31 1,020.07 849.65
Revenue from sale of goods related party
(A) 251.25 (B) 182.1
transactions
Revenue from rendering of services related
(C) 76.84 (D) 92.08 0 (E) 0.11
party transactions
Other related party transactions expense (F) 315.43 (G) 330.92 (H) 5.48 (I) 4.76
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions (J) 1,189.18 (K) 1,171.36 204.33 158.72
Amounts receivable related party transactions 60.97 28.84 32.81 29.48
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction
Footnotes
(A) Sale of Goods + Sale of Samples + Sale of components
(B) Sale of Samples + Sale of components
(C) Engineering income + Product Development Income
(D) Product Development Income + Engineering income
(E) Engineering income
(F) Reimbursement of expenses + Technical service fees + Insurance + Travelling and conveyance + Communication + Legal and
professional charges + Repairs and maintenance + Interest on loan taken + Interest on loan taken.
(G) Reimbursement of expenses + Technical service fees + Insurance + Travelling and conveyance + Communication + Legal and
professional charges + Repairs and maintenance + Interest on loan taken.
(H) Testing charges+Legal and professional charges+
(I) Testing charges + Product development expenses
(J) Trade payables + Foreign currency term loans + Interest accrued and due on borrowings
(K) Trade Payables + Foreign currency term loans + Interest accrued and due on borrowings
208

Categories of related parties [Axis] Other related parties [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Autoliv (Nanjing) Autoliv (Nanjing)
P T Autoliv
Name of related party Vehicle Safety Vehicle Safety
Indonesia
P T Autoliv Indonesia
Sysytems Co Ltd Sysytems Co Ltd
CHINA CHINA INDONESIA INDONESIA
related party
Fellow Subsidary Fellow Subsidary Fellow Subsidary Fellow Subsidary
relationship
Purchases of goods related party transactions (A) 40.5 (B) 9.84 0 0
(C) 18.09 (D) 12.54 (E) 101.78 (F) 109.84
transactions
0 (G) 8.86
party transactions
Other related party transactions expense (H) 0.29 0 (I) 0.01 (J) -0.01
Other related party transactions income (K) 1.01 0
Amounts payable related party transactions (L) 7.01 (M) 1.43 0 (N) 0.39
Amounts receivable related party transactions (O) 2.75 (P) 2.98 21.17 (Q) 59.36
transaction
209
Footnotes
(A) Purchase of raw materials / traded goods
(B) Purchase of goods
(C) Sale of components
(D) Sale of Compnents
(E) Sale of Samples+Sale of components
(F)
Particulars 2017-18
Sale of Goods 34.47
Sale of Components 75.37
Total 109.84
(G) Engineering income

(H) Testing charges
(I) Testing charges
(J) Testing Charges
(K) Engineering income
(L) Trade payables
(M) Accounts payable
(N) Accounts payable
(O) Trade recivables
(P) Accounts receivable
(Q) Accounts receivable
210

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[Abstract]
Autoliv Autoliv Development
Name of related party Autoliv Japan Ltd Autoliv Japan Ltd
Development AB AB
JAPAN JAPAN SWEDEN SWEDEN
related party
relationship
Purchases of goods related party transactions 10.25 16.97 0 0
(A) 106.42 (B) 106.56
transactions
119.79 (C) 369.83 (D) 68.61 (E) 61.7
party transactions
Amounts payable related party transactions (J) 33.05 (K) 61.89 29.97 (L) 46.94
Amounts receivable related party transactions 41.56 (M) 140.09 18.77 17.63
transaction
211
Footnotes
(A) Sale of goods + Sale of Samples + Sale of components
(B)
Particulars 2017-18
Sale of Goods 82.69
Sale of Samples 3.01
Sale of Components 20.86
Total 106.56
(C) Engineering income + Testing income

(D) Engineering income + Testing income + Product Development Income
(E) Engineering income + Product Development Income + Testing income
(F) Product development expenses + Testing charges + Traveling and conveyance + Repairs and maintenace + Employee benefit
expenses
(G) Product development expenses + Testing charges + Travelling and conveyance + Repairs and maintenance + Employee benefit
expenses + Purchase of capital goods
(H) Royalty expenses + Travelling and conveyance
(I) Royalty Expense
(J) Trade Payable + Capital Creditors
(K) Trade Payable + Capital Creditors

(L) Capital Creditors
(M) Accounts receivable
212

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[Abstract]
Autoliv (China) Autoliv (China)
Name of related party Autoliv ASP Inc Autoliv ASP Inc
Electronics Co Ltd Electronics Co Ltd
UNITED STATES UNITED STATES CHINA CHINA
related party
relationship
Purchases of goods related party transactions (A) 65.88 58.05 0 0
(B) 0.74 0
transactions
82.84 78.14 0 (C) 118.25
party transactions
Other related party transactions expense (D) 1.66 (E) 25.88 0 (F) 0.67
Amounts payable related party transactions (G) 19.04 (H) 25.91 0 208.8
Amounts receivable related party transactions 9.94 10.64 0 140.18
transaction
Footnotes
(A) Purchase of raw materials / traded goods+Purchase of capital goods
(B) Sale of Samples
(C) Engineering income
(D) Employee benefit expenses + Testing charges
(E) Product development expenses + Employee benefit expenses + Testing Charges
(F) Testing Charges + Travelling expenses
(G) Trade payables+Capital creditors
(H) Trade Payable + Capital Creditors
213

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[Abstract]
Autoliv BV & Co
Name of related party Autoliv Corporation Autoliv Corporation
KG
Autoliv BV & Co KG
Country of incorporation or residence of KOREA, KOREA, REPUBLIC

GERMANY GERMANY
related party REPUBLIC OF OF
relationship
Purchases of goods related party transactions 0 0 1.24 0
(A) 3.42 0 (B) 0.13 (C) 0.23
transactions
27.79 27.26 14.35 28.3
party transactions
Other related party transactions expense (D) 46.63 (E) 42.41 (F) 2.07 (G) 1.27
Amounts payable related party transactions (H) 9.92 (I) 9.1 (J) 4.09 (K) 5.76
Amounts receivable related party transactions (L) 5.83 (M) 37.4 (N) 2.49 (O) 1
transaction
Footnotes
(A) Sale of components
(B) Sale of components
(C) Sale of Compnents
(D) Product development expenses+Travelling and conveyace+Employee benefit expenses
(E) Product development expenses + Travelling and conveyance + Employee benefit expenses
(F) Provisons/liabilities no longer required written back + Employee benefit expenses + Product development expenses + Travelling and
conveyance + Repairs and maintenance
(G) Product development expenses + Employe benefits
(H) Trade payables
(I) Accounts payable
(J) Trade payables
(K) Accounts receivable
(L) Trade receivables
(M) Accounts receivable
(N) Trade receivables
(O) Accounts payable
214

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[Abstract]
Autoliv Electronics Autoliv Electronics Autoliv Electronics Autoliv Electronics
Name of related party America America Lowell Lowell
UNITED STATES UNITED STATES UNITED STATES UNITED STATES
related party
relationship
Purchases of goods related party transactions 0 0 0 0
0 213.64 0 135.1
party transactions
Other related party transactions expense 0 (A) -0.29
Amounts payable related party transactions 0 (B) 3.03
Amounts receivable related party transactions 0 (C) 38.36 0 (D) 14.95
transaction
Footnotes
(A) Employee Benefit expenses
(B) Accounts payable
(C) Accounts receivable
(D) Accounts receivable
215

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[Abstract]
Autoliv Cankor
Autoliv Cankor
Emnivet Sistemlen Autoliv Romania
Name of related party Sanavi ve Ticaret A
Emnivet Sistemlen
SRL
Autoliv Romania SRL
Sanavi ve Ticaret A S
S
TURKEY TURKEY ROMANIA ROMANIA
related party
relationship
Purchases of goods related party transactions (A) 0.47 0 (B) 163.33 (C) 184.04
(D) 0.02 184.13 (E) 2.31 (F) 0.23
transactions
0 3.57
party transactions
Other related party transactions expense (G) 2.92 (H) 2.56 (I) 1.59 (J) 2.34
Amounts payable related party transactions (K) 2.99 (L) 2.63 14.15 39.42
Amounts receivable related party transactions (M) 2.25 (N) 0.14
transaction
Footnotes
(B) Purchase of raw materials\traded goods+Purchase of capital goods
(C) Purchase of raw materials / traded goods + Purchase of capital goods
(D) Sale of Samples
(E) Sale of components
(F) Sale of Samples + Sale of Compnents
(G) Employee benfit expense
(H) Employee Benefit expenses
(I) Testing charges+Employee benfit expenses + Product development expenses +Legal and professional charges + Repairs and
maintenance
(J) Testing Charges + Product development expenses
(K) Trade payables
(L) Accounts payable
(M) Trade receivables
(N) Accounts receivable
216

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[Abstract]
Autoliv (Shanghai) Autoliv (Shanghai)
Autoliv do Brasil
Name of related party Vehicle Safety Vehicle Safety System
Ltda
Autoliv do Brasil Ltda
System Co Ltd Co Ltd
CHINA CHINA BRAZIL BRAZIL
related party
relationship
0 (D) 6.17 39.17 23.22
transactions
0 (E) 0.12
party transactions
Amounts payable related party transactions 5.47 4.24 (J) 0.6 (K) 0.04
Amounts receivable related party transactions 0 (L) 1.33 (M) 7.59 (N) 4.5
transaction
Footnotes
(B) Purchase of raw materials / traded goods
(C) Purchase of goods
(D) Sale of Samples + Sale of Compnents
(F) Travelling and conveyance
(G) Testing Charges
(H) Testing charges
(I) Travelling expenses
(J) Trade Payable
(K) Accounts payable
(L) Accounts receivable
(M) Trade receivables
(N) Accounts receivable
217

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[Abstract]
Autoliv (China) Autoliv (China)
Autoliv Hirotako Autoliv Hirotako
Name of related party Safety Sdn Bhd Safety Sdn Bhd
Steering Wheel Co Steering Wheel Co
Ltd Ltd
MALAYSIA MALAYSIA CHINA CHINA
related party
Enterprise where the Enterprise where the
Description of nature of related party holding company holding company
Fellow Subsidary Fellow Subsidary
relationship exercises significant exercises significant
influence influence
Purchases of goods related party transactions 0 0 275.99 237.07
(A) 15.97 (B) 5.46 0 (C) 0.04
transactions
Services received related party transactions 0 -0.04
0.29 0
party transactions
Other related party transactions expense (D) 0.25 (E) -0.04 3.75 (F) 1.05
Amounts payable related party transactions 2.54 0 54.44 86.77
Amounts receivable related party transactions 0 (G) 1.56
transaction
Footnotes
(A) Sale of samples + Sale of compomnents
(B) Sale of Samples
(C) Sale of Samples
(D) Bad dets writte off
(E) Testing Charges
(F) Testing Charges
(G) Accounts receivable
218

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[Abstract]
Autoliv (China) Autoliv (China) Autoliv (Jiangsu) Autoliv (Jiangsu)
Name of related party Automative Safety Automative Safety Automotive Safety Automotive Safety
System Co Ltd System Co Ltd Components Co Ltd Components Co Ltd
CHINA CHINA CHINA CHINA
related party
relationship
Purchases of goods related party transactions 253.53 196.32 (A) 1,636 1,367.14
0 (B) 12.9
party transactions
Other related party transactions expense 0 (C) 0.15 (D) 6.23 (E) 1.54
Amounts payable related party transactions (F) 46.18 42.8 321.72 281.91
transaction
Footnotes
(A) Purchase of raw materials+Puchase of capital goods
(B) Engineering income
(C) Testing Charges
(D) Testing charge
(E) Testing Charges
(F) Trade payables
219

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[Abstract]
NCS Pvrotechnie et NCS Pvrotechnie et
Name of related party Technologies SAS Technologies SAS
Livbag SAS Livbag SAS

FRANCE FRANCE FRANCE FRANCE
related party
relationship
Purchases of goods related party transactions 197.96 144.39 25.3 30.25
0 (A) 0.19
party transactions
Other related party transactions expense (B) 2.19 (C) 2.41
Amounts payable related party transactions 55.45 48.36 11.46 8.2
transaction
Footnotes
(A) Engineering income
(B) Testing charges
(C) Testing Charges
220

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[Abstract]
Autoliv (Shanghai) Autoliv (Shanghai)
Vehicle Safety Vehicle Safety Autoliv Asia Roh Autoliv Asia Roh
Name of related party Systems Technical Systems Technical Company Limited Company Limited
Center Co, Ltd. Center Co, Ltd.
CHINA CHINA THAILAND THAILAND
related party
relationship
Other related party transactions expense (A) 19.2 (B) 13.74 (C) 37.6 (D) 20.86
Other related party transactions income (E) -0.31 0
Amounts payable related party transactions (F) 5.22 0
Amounts receivable related party transactions 1.23 0
transaction
Footnotes
(A) Product development expenses
(B) Product Development Expenses
(C) Product development expenses
(D) Product Development Expenses
(F) Trade payables
221

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[Abstract]
Autoliv Electronic Autoliv Electronic
Name of related party Autoliv Kft Autoliv Kft
SAS SAS
HUNGARY HUNGARY FRANCE FRANCE
related party
relationship
Purchases of goods related party transactions 0 (A) 0.2 0 0
0 (B) 0.08
transactions
0 (C) 0.01
party transactions
Other related party transactions expense 0 (D) 0.24 0 (E) 10.77
Amounts payable related party transactions 0 (F) 0.13
Amounts receivable related party transactions 0.05 0 0 (G) 5.61
transaction
Footnotes
(A) Purchase of goods
(B) Sales of Goods+ Sale of Compnents
(D) Testing charges
(E) Repairs and maintenance + Product development expenses
(F) Accounts payable
222

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[Abstract]
Name of related party Autoliv France SNC Autoliv France SNC Autoliv Bki S.A.U. Autoliv Bki S.A.U.
FRANCE FRANCE SPAIN SPAIN
related party
relationship
(A) 10.69 (B) 5.75
party transactions
Other related party transactions expense (C) 17.21 (D) 1.9 (E) 0.62 0
Amounts payable related party transactions (F) 4.23 (G) 0.75
Amounts receivable related party transactions (H) 0.87 (I) 0.24
transaction
Footnotes
(A) Engineering income
(C) Testing charges +Legal and professional charges
(D) Testing Charges
(E) Provisions \ liabilities no longer required written back
(F) Trade payables
(G) Accounts Payable
(H) Trade receivables
(I) Accounts receivable
223

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[Abstract]
Autoliv(Changchun) Autoliv(Changchun)
Veoneer (China) Veoneer (China)
Name of related party Vehicle Safety Vehicle Safety System
Electronics Co. Ltd. Electronics Co. Ltd.
System Co. Ltd. Co. Ltd.
CHINA CHINA CHINA CHINA
related party
relationship
Purchases of goods related party transactions 4.68 0 0 1,032.85
transaction

Related party [Axis] 37 38 39
01/04/2018 01/04/2017 01/04/2017 01/04/2018
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[Abstract]
Veoneer India Private Veoneer India Private Mei-An AutoLiv
Name of related party Limited Limited
AS Norma
Co ltd
TAIWAN,
INDIA INDIA ESTONIA PROVINCE OF
related party CHINA
Permanent account number of related party AAFCN8835Q AAFCN8835Q
CIN of related party U35923KA2017FTC108947 U35923KA2017FTC108947
Description of nature of transactions with As per detailed As per detailed
As per detailed Tagging As per detailed Tagging
related party Tagging Tagging
relationship
Purchases of goods related party transactions 277.17 0 (A) 26.47 (B) 0.34
(C) 6.96
transactions
Other related party transactions expense (D) 3.4 0
Other related party transactions income (E) 3.52 0
Amounts payable related party transactions (F) 8.71 (G) 0.02
Amounts receivable related party transactions (H) 0.68
transaction
224
Footnotes
(C) Sale of goods + Sale of components
(D) Testing charges
(E) Other services
(G) Trade payables
(H) Trade receivables

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[Abstract]
Autoliv
Autoliv China (Guangzhou)
Name of related party Technical Center
A S Norma Autoliv Isodelta
Vehiclesafety
Systems Co.,Ltd.
CHINA ESTONIA FRANCE CHINA
related party
relationship
Purchases of goods related party transactions 0 (A) 39.34 0 (B) 0.34
0 0 (C) 0.23
transactions
0 (D) 18.01
party transactions
Other related party transactions expense (E) 0.24 0 (F) 0.3
Amounts payable related party transactions 0 (G) 16.4 0 (H) 0.63
Amounts receivable related party transactions (I) 3.29 0 (J) 2.62
transaction
Footnotes
(C) Sale of Samples
(D) Engineering income
(E) Legal and professional charges
(F) Testing charges
(G) Trade payables
(H) Trade payables
(I) Accounts receivable
(J) Accounts receivable
225

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[Abstract]
Autoliv China
AUTOLIV JAPAN Autoliv Japan Ltd - Autoliv Iso Delta
Name of related party AICHI
Technical Center
Atsugi Facility SAS
(Ctc)
JAPAN CHINA JAPAN FRANCE
related party
relationship
Purchases of goods related party transactions (A) 2.77 0 (B) 1.77 0
(C) 28.32 0
party transactions
Other related party transactions expense 0
Other related party transactions income (D) 34.55
Amounts payable related party transactions 0
Amounts receivable related party transactions (E) 8.78 0 (F) 4.13
transaction
Footnotes
(E) Trade receivables
(F) Trade receivables
226

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[Abstract]
Autoliv Japan Ltd- Autoliv Korea AUTOLIV METAL
Name of related party Hiroshima-No.31 Wonju Plant PRES SAN.TIC.A
Autoliv Poland Sp
Country of incorporation or residence of KOREA,

JAPAN TURKEY POLAND
related party REPUBLIC OF
Description of nature of transactions with As per detailed As per detailed As per detailed
As per detailed Tagging
related party Tagging Tagging Tagging
relationship
Purchases of goods related party transactions (A) 12.43 0 (B) 0.33 0
0
party transactions
Other related party transactions expense (C) 3.51 0 (D) -0.08
Other related party transactions income 0 (E) 9.12
Amounts payable related party transactions (F) 1.24 (G) 0.16 (H) 0.24
Amounts receivable related party transactions 0 (I) 7.11
transaction
Footnotes
(C) Testing charges
(D) Travelling and conveyance
(F) Trade payables
(G) Accounts payable
(H) Trade payables
(I) Trade receivables
227

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[Abstract]
Autoliv Nissin Brake Autoliv Romania Iro Autoliv North A u t o l i v
Name of related party Systems Inflator Divisio America Sicherheitstechnik
Country of incorporation or residence of UNITED
JAPAN ROMANIA GERMANY
related party STATES
As per detailed
TaggingAs per As per detailed Tagging
detailed Tagging
relationship
0 (A) 0.03
transactions
(B) 0.97 0
party transactions
Other related party transactions expense 0 (C) 0.03 (D) -2.34
Other related party transactions income 0
Amounts payable related party transactions (E) 0.78
Amounts receivable related party transactions (F) 0.28 0
transaction
Footnotes
(A) Sales of Goods
(C) Testing charges
(D) Employee Benefit expenses
(E) Trade payables
(F) Accounts receivable
228

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[Abstract]
Autoliv Poland Sp. Autoliv Southern Autoliv Southern Autoliv Steering
Name of related party Z.O.O Africa Pvt Africa Wheels
POLAND SOUTH AFRICA SOUTH AFRICA MEXICO
related party
relationship
Purchases of goods related party transactions (A) 0.36 0 0 0
(B) 4.54 (C) 13.12
transactions
(D) 5.88
party transactions
Other related party transactions expense 0
Amounts payable related party transactions (E) 0.25 (F) 0.07
Amounts receivable related party transactions (G) 1.86 0 (H) 3.48
transaction
Footnotes
(B) Sale of components
(C) Sale of Compnents
(E) Accounts payable
(F) Trade payables
(H) Accounts receivable
229

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[Abstract]
Autoliv Steering Ncs Pyrotechnie Et
Name of related party Wheels Mexico
Autoliv Sverige Ab Autoliv Sverige AB
Technologies Sas
MEXICO SWEDEN SWEDEN FRANCE
related party
relationship
Purchases of goods related party transactions (A) 5.01 0 0 0
0
transactions
0 (B) 70.46
party transactions
Other related party transactions expense (C) 0.06 0 (D) 0.37 (E) 0.18
Other related party transactions income (F) 37.57 0
Amounts payable related party transactions (G) 0.07 0 (H) 0.35 0
Amounts receivable related party transactions (I) 2.69 (J) 19.6 0
transaction
Footnotes
(C) Testing Charges
(D) Testing Charges
(E) Testing charges
(F) Engineering income
(G) Accounts payable
(H) Accounts payable
(J) Accounts receivable
230

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[Abstract]
Romania
Taicang Van Oerle Alberton
Mei-An Autoliv B r a s o v Taicang Voa Shenda
Name of related party Co.Ltd Technical
Shenda Special Type Textile
Special T
Products Co Ltd.
Center(Rbt)
TAIWAN,
PROVINCE OF ROMANIA CHINA CHINA
related party CHINA
As per
detailed As per detailed Tagging
Tagging
Description of nature of related party Fellow
Fellow Subsidary Fellow Subsidary Fellow Subsidary
relationship Subsidary
(D) 4.26
transactions
0
party transactions
Amounts payable related party transactions (E) 0.1 0 (F) 0.39 (G) 0.41
Amounts receivable related party transactions (H) 0.69 (I) 2.92
transaction
Footnotes
(C) Purchase of raw materials / traded goods
(D) Sales of Goods + Sale of Compnents
(E) Accounts payable
(G) Trade payables
(H) Accounts receivable
231

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Disclosure of transactions between related parties [Abstract]
Disclosure of transactions between related parties [Line items]
Van Oerle Alberton AUTOLIV SAFETY
Name of related party B.V.
Sicherheitstechnik
CENTER
Country of incorporation or residence of related party NETHERLANDS GERMANY SWEDEN
As per detailed As per detailed As per detailed
Description of nature of transactions with related party Tagging Tagging Tagging
Description of nature of related party relationship Fellow Subsidary Fellow Subsidary Fellow Subsidary
Purchases of goods related party transactions 0 (A) 0.71 0
Revenue from rendering of services related party transactions (B) 0.6
Outstanding balances for related party transactions [Abstract]
Amounts payable related party transactions (C) 0.81
Amounts receivable related party transactions (D) -0.01
Expense recognised during period for bad and doubtful debts
0 0 0
for related party transaction
Footnotes
(C) Accounts payable
(D) Accounts receivable
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of related party [TextBlock]
Key management personnel compensation 44.05 62.86
Whether there are any related party transactions during year Yes Yes
Disclosure of transactions between related parties [TextBlock] [See below]
Whether entity applies exemption in Ind AS 24.25 No No
Whether company is subsidiary company Yes Yes
Section under which company is subsidiary Section 2(87)(ii) Section 2(87)(ii)
232
Disclosure of transactions between related parties [Text Block]

Outsatnding Payables
Foreign currency term loans
Holding Company
- Autoliv AB, Sweden 1,109.14 1,093.42
Interest accrued and due on borrowings
Holding Company
- Autoliv AB, Sweden 0.08 4.65
[611700] Notes - Other provisions, contingent liabilities and contingent assets
Disclosure of contingent liabilities [Table] ..(1)

Indemnity for guarantees given by bank
Classes of contingent liabilities [Axis] Other contingent liabilities [Member]
[Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Bank Gurantees
Description of nature of obligation, contingent Bank Gurantees given
given by the
liabilities by the company
company
Explanation of estimated financial effect of
contingent liabilities
Estimated financial effect of contingent
999.16 908.59 88.82 63.28
liabilities
233

Contingent liability on disputed income Contingent liability on disputed excise
Classes of contingent liabilities [Axis]
tax [Member] demands [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Matters realting Matters realting Matters realting
Description of nature of obligation, contingent Matters realting drect
drect taxes under indrect taxes under indrect taxes under
liabilities taxes under dispute
dispute dispute dispute
Explanation of estimated financial effect of Textual information Textual information Textual information Textual information
contingent liabilities (49) [See below] (50) [See below] (51) [See below] (52) [See below]
Estimated financial effect of contingent
439.89 430.88 411.93 328.02
liabilities

Other contingent liabilities, others
Classes of contingent liabilities [Axis]
[Member]
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Claims against the Claims against the
company not company not
Description of nature of obligation, contingent liabilities acknowledged as acknowledged as
Debts Debts
Estimated financial effect of contingent liabilities 58.52 86.41
Disclosure of other provisions [Table] ..(1)

Other provisions, others
Classes of other provisions [Axis] Other provisions, others [Member]
1 [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions
[Abstract]
Changes in other provisions [Abstract]
Other increase decrease in other
0.9 0.92 0.9
provisions
Total changes in other provisions 0.9 0.92 0.9
Other provisions at end of period 11.34 10.44 9.52 11.34
Description of nature of obligation, other
obligation/decomissioning
provisions liability
Description of other provisions, others obligation/decomissioning
liability
234
Disclosure of other provisions [Table] ..(2)

Classes of other provisions [Axis] Other provisions, others 1 [Member]
01/04/2017
to 31/03/2017
31/03/2018
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions [Abstract]
Changes in other provisions [Abstract]
Other increase decrease in other provisions 0.92
Total changes in other provisions 0.92
Other provisions at end of period 10.44 9.52
Description of nature of obligation, other provisions obligation/decomissioning
liability
Description of other provisions, others obligation/decomissioning
liability

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of other provisions, contingent liabilities and contingent assets
[TextBlock]
Disclosure of other provisions [TextBlock]
Disclosure of contingent liabilities [TextBlock] [See below]
Whether there are any contingent liabilities Yes Yes
Claims against the Claims against the
Description of other contingent liabilities others company not acknowledged company not acknowledged
as Debts as Debts
Explanation of estimated financial effect of contingent liabilities

The Company has received demand orders from the Income tax authorities for the financial year ended March 31, 2009, March 31, 2010, March
31, 2011 and March 31, 2013, demanding additional amount of Rs 430.88 million (March 31, 2017: Rs 221.25 million) (after adjusting the taxes
paid / deducted during the respective years), towards income-tax liability arising primarily on account of disallowance made in relation to
technical service fee, product development fee and receivables not realised in time. The management is of the view that the demands from
aforementioned income tax authorities are not tenable and have filed appeals against the said demands which are pending before various forums.
The management of the Company is confident of the outcome of the litigation being favourable. Hence no provision has been made in the
financial statements in this regard.

The Company has received demand orders from the Income tax authorities for the financial year ended March 31, 2009, March 31, 2010, March
31, 2011 and March 31, 2013, demanding additional amount of Rs 430.88 million (March 31, 2017: Rs 221.25 million) (after adjusting the taxes
paid / deducted during the respective years), towards income-tax liability arising primarily on account of disallowance made in relation to
technical service fee, product development fee and receivables not realised in time. The management is of the view that the demands from
aforementioned income tax authorities are not tenable and have filed appeals against the said demands which are pending before various forums.
The management of the Company is confident of the outcome of the litigation being favourable. Hence no provision has been made in the
financial statements in this regard.
235

The Company has received demand orders from the Commissioner of Central Excise for the period from April 2010 to March 2015, demanding
Rs 328.02 million (March 31, 2017: Rs 334.17 million) (excluding the applicable interest) primarily towards availment of ineligible cenvat credit,
non-payment of service tax on account of manpower services received from the group companies, excess utilisation of cenvat credit on as such
clearance of goods for stock transfer etc. The management is of the view that the demands from aforementioned authorities are not tenable and
have filed appeal against the said demands which are pending with Customs, Excise and Service Tax Appellate Tribunal ('CESTAT'). The
management of the Company is confident of the outcome of the litigation being favourable. Hence no provision has been made in the financial
statements in this regard.

The Company has received demand orders from the Commissioner of Central Excise for the period from April 2010 to March 2015, demanding
Disclosure of contingent liabilities [Text Block]

Contingent liabilities
In the ordinary course of business, the Company faces claims and assertions by various parties. The Company assesses such claims and assertions
and monitors the legal environment on an ongoing basis with the assistance of external legal counsel, wherever necessary. The Company records
a liability for any claims where a potential loss is probable and capable of being estimated and discloses such matters in its financial statements, if
material. For potential losses that are considered possible, but not probable, the Company provides disclosure in the financial statements but does
not record a liability in its accounts unless the loss becomes probable.
The following is a description of claims and assertions where a potential loss is possible, but not probable. The Company believes that none of the
contingencies described below would have a material adverse effect on the Company’s financial condition, results of operations or cash flows.
1) The Company has received demand orders from the Income tax authorities for the financial year ended March 31, 2009, March 31, 2010,
March 31, 2011, March 31, 2013 and March 31, 2014, demanding additional amount of Rs 439.89 million (March 31, 2018: Rs 430.88 million)
(after adjusting the taxes paid / deducted during the respective years), towards income-tax liability arising primarily on account of disallowance
made in relation to technical service fee, product development fee and receivables not realised in time. The management is of the view that the
demands from aforementioned income tax authorities are not tenable and have filed appeals against the said demands which are pending before
various forums. The management of the Company is confident of the outcome of the litigation being favourable. Hence no provision has been
made in the financial statements in this regard.
2) The Company has received demand orders from the Commissioner of Central Excise for the period from April 2010 to June 2017, demanding
3) The amount under disputes is as per the demands from tax authorities for the respective period and has not been adjusted to include further
interest and penalty leviable, if any, at the time of final outcome of the appeals.
4) In respect of the above, it is not practicable for the Company to estimate the closure of these issues and the consequential timings of cash flows,
if any.
236
[700200] Notes - Corporate social responsibility
Disclosure of net profits for last three financial years [Table] ..(1)
Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis]
[Member] [Member] [Member]
01/04/2018 01/04/2018 01/04/2018
to to to
31/03/2019 31/03/2019 31/03/2019
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [LineItems]
Description of financial year 2017-18 2016-17 2015-16
Profit before tax of financial year 1,255.32 507.27 -388.59
Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
1,255.32 507.27 -388.59
of Companies (CSR Policy) Rules, 2014
Classification of CSR spending [Table] ..(1)

Classification of CSR spending [Axis] 1
01/04/2018
to
31/03/2019
Disclosure of CSR spending [Abstract]
Details of CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [Line items]
CSR project or activity identified Safety Movie
Sector in which project is covered Education
Whether projects or programs undertaken in local area or other Yes
Name of state or union territory where projects or programs was undertaken Karnataka
Name of district where projects or programs was undertaken Bangalore
Budget amount outlay project or program wise 455,000
Amount spent on projects or programs [Abstract]
Direct expenditure on projects or programs 455,000
Total amount spent on projects or programs 455,000
Mode of amount spent Directly by company

01/04/2018
to
31/03/2019
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
Yes
company
Disclosure of composition of CSR committee [TextBlock] [See below]
Whether company has written CSR policy Yes
Details CSR policy [TextBlock] [See below]
Prescribed CSR expenditure 0
Amount CSR to be spent for financial year 0
Amount spent in local area 0
Total amount spent on construction/acquisition of any asset 0
Total amount spent on purposes other than
0
construction/acquisition of any asset
237
Disclosure of composition of CSR committee [Text Block]

The Composition of the CSR Committee:
• Narasimhamurthy Tumkur, Director as Member and Chairman

• Joydeep Roy, Director as Member
• Rajesh Kumar Ram, Director as Member
Details CSR policy [Text Block]

1. Prescribed Areas by the Companies Act 2013.
Schedule VII to the Companies Act, 2013 prescribes the areas where a company can spend on CSR activities and such areas are:
1. Eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation and making available safe drinking water;
2. Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly,
and the differently abled and livelihood enhancement projects;
3. Promoting gender equality, empowering women, setting up homes and hostels for women and orphans, setting up old age homes, day care
centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward
groups;
4. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforcstry, conservation of
natural resources and maintaining quality of soil, air and water;
5. Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting
up public libraries; promotion and development of traditional arts and handicrafts;
6. Measures for the benefit of armed forces veterans, war widows and their dependents;
7. Training to promote rural sports, nationally recognized sports, Paralympic sports and Olympic sports;
8. Contribution to the Prime Minister’s National Relief Fund or any other fund set up by the Central Government for socio-economic
development and relief and welfare of the scheduled castes, the scheduled tribes, other backward classes, minorities and women;
9. Contributions or funds provided to technology incubators located within academic institutions which are approved by the central
government;
10. Rural development projects.
2. Identified Areas by the Company: Company will identify the areas for spending the CSR funds from time to time. The same needs to be
decided by the CSR Committee in its meeting and comply with applicable Autoliv policies and procedures. This needs to be kept in mind
before an approval is given by the CSR Committee.
3. Sources of Funds
Sub Section (5) of Section 135 of the Act provides that the Board of every company shall ensure that the company spends, in every financial
year, at least two percent of the average net profits of the company made during the three immediately preceding financial years, in
pursuance of its Corporate Social Responsibility Policy.
4. Monitoring the CSR Policy
The CSR committee shall institute a transparent monitoring mechanism for implementation of CSR projects or programs or activities
undertaken by the Company. The CSR Committee shall prepare a SOP (Standard Operating Procedure) to approve, monitor and spend the
amounts earmarked for the CSR activities.
[610500] Notes - Events after reporting period

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of events after reporting period [TextBlock]
Disclosure of non-adjusting events after reporting period [TextBlock]
Whether there are non adjusting events after reporting period No No
238
[612500] Notes - Share-based payment arrangements

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of share-based payment arrangements [TextBlock]
Whether there are any share based payment arrangement No No
Disclosure of number and weighted average exercise prices of share options
[TextBlock]
Number of share options outstanding in share based payment arrangement
[Abstract]
Total changes of number of share options outstanding in share based
0 0
payment arrangement
Number of share options outstanding in share-based payment
0 0
arrangement at end of period
Weighted average exercise price of share options outstanding in
share based payment arrangement [Abstract]
Total changes of weighted average exercise price of share
0 0
options outstanding in share-based payment arrangement
Weighted average exercise price of share options outstanding in
0 0
share-based payment arrangement at end of period
Disclosure of number and weighted average exercise prices of other equity
instruments [TextBlock]
Number of other equity instruments outstanding in share based payment
arrangement [Abstract]
Number of other equity instruments granted in share-based payment
0 0
arrangement
Total changes of number of other equity instruments outstanding
0 0
in share-based payment arrangement
Weighted average exercise price of other equity instruments
outstanding in share based payment arrangement [Abstract]
Total changes of weighted average exercise price of other
equity instruments outstanding in share-based payment 0 0
arrangement
Weighted average exercise price of other equity instruments
0 0
outstanding in share-based payment arrangement at end of period
Disclosure of indirect measurement of fair value of goods or
services received, other equity instruments granted during
period [TextBlock]
Number of other equity instruments granted in share-based payment
0 0
arrangement
Expense from share-based payment transactions in which goods or
services received did not qualify for recognition as assets
[Abstract]
Total expense from share-based payment transactions in which
goods or services received did not qualify for recognition as 0 0
assets
239
[613000] Notes - Earnings per share

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of earnings per share [TextBlock] [See below]
Basic earnings (loss) per share from continuing operations [INR/shares] 78.71 [INR/shares] 102.79
Basic earnings (loss) per share from discontinued operations [INR/shares] 62.3 [INR/shares] 16.85
Total basic earnings (loss) per share [INR/shares] 141.01 [INR/shares] 119.64
Diluted earnings (loss) per share from continuing operations [INR/shares] 78.71 [INR/shares] 102.79
Diluted earnings (loss) per share from discontinued operations [INR/shares] 62.3 [INR/shares] 16.85
Total diluted earnings (loss) per share [INR/shares] 141.01 [INR/shares] 119.64
Profit (loss), attributable to ordinary equity holders of parent entity
[Abstract]
Profit (loss) from continuing operations attributable to ordinary
614.75 802.78
equity holders of parent entity
Profit (loss) from discontinued operations attributable to ordinary
486.54 131.53
equity holders of parent entity
Profit (loss), attributable to ordinary equity holders of parent entity 0 0
Profit (loss), attributable to ordinary equity holders of parent
0 0
entity including dilutive effects
Weighted average shares and adjusted weighted average shares [Abstract]
Weighted average number of ordinary shares outstanding [shares] 78,09,917 [shares] 78,09,917
Adjusted weighted average shares [shares] 0 [shares] 0
Disclosure of earnings per share [Text Block]

Earnings per share ('EPS')
Basic EPS amounts are calculated by dividing the profit/ loss for the year attributable to equity shareholders of the Company by the weighted
average number of equity shares outstanding during the year. Partly paid equity shares are treated as a fraction of an equity share to the extent that
they were entitled to participate in dividends relative to a fully paid equity share during the reporting period. The weighted average number of
equity shares outstanding during the period is adjusted for events such as bonus issue, bonus element in a rights issue, share split, and reverse
share split (consolidation of shares) that have changed the number of equity shares outstanding, without a corresponding change in resources.
Diluted EPS amounts are calculated by dividing the profit attributable to equity shareholders (after adjusting for interest on the convertible
securities) by the weighted average number of equity shares outstanding during the year plus the weighted average number of equity shares that
would be issued on conversion of all the dilutive potential equity shares into equity shares.
[610900] Notes - First time adoption
Disclosure of equity Ind AS adjustment [Table] ..(1)

Ind AS adjustment for equity [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
Ind AS Adjustment for equity 0 0 0 0
Disclosure of equity Ind AS adjustment [Line items]
Accretion of security
Impact of Impact of Impact of
deposit (net of rent
Description of Ind AS adjustment expense and interest
derecognition of rent recognition of asset considering EPCG as
equalisation reserves retirement obligation Governement Grant
income)
240
Disclosure of equity Ind AS adjustment [Table] ..(2)

Ind AS adjustment for equity [Axis] 5
01/04/2017
to
31/03/2018
Ind AS Adjustment for equity 0
Disclosure of equity Ind AS adjustment [Line items]
Description of Ind AS adjustment Tax adjustments

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of first-time adoption [TextBlock] [See below]
Whether company has adopted Ind AS first time No No
Disclosure of reconciliation of equity from previous GAAP to Ind AS
[TextBlock]
Equity as per Indian GAAP 0 0
Equity as per Ind AS 0 0
Disclosure of reconciliation of comprehensive income from previous GAAP
to Ind AS [TextBlock]
Comprehensive income as per Indian GAAP 0 0
Comprehensive income as per Ind AS 0 0
Disclosure of reconciliation of profit (loss) for the period from
previous GAAP to Ind AS [TextBlock]
Profit (loss) for the period as per Indian GAAP 0 0
Profit (loss) for the period as per Ind AS 0 0
241
Disclosure of first-time adoption [Text Block]

These financial statements, for the year ended March 31, 2018, are prepared in accordance with Ind AS. For the periods upto March 31, 2017, the
Company prepared its financial statements in accordance with accounting standards notified under section 133 of the Companies Act 2013, read
together with paragraph 7 of the Companies (Accounts) Rules, 2014 and Amendment thereof ('Indian GAAP' or 'previous GAAP').
Accordingly, the Company has prepared financial statements which comply with Ind AS applicable for the year ended March 31, 2018, together
with the comparative period data as at and for the year ended March 31, 2017, and as at April 01, 2016 (date of transition) as described in the
summary of significant accounting policies. In preparing these financial statements, the Company’s opening balance sheet was prepared as at
April 01, 2016, the Company’s date of transition to Ind AS. This note explains the principal adjustments made by the Company in restating its
Indian GAAP financial statements, including the balance sheet as at April 01, 2016 and the financial statements as at and for the year ended
March 31, 2017.
a) Exemptions applied:- Ind AS 101 mandates certain exceptions and also allows first-time adopters certain exemptions from the retrospective
application of certain requirements under Ind AS. The Company has applied the following material exemptions: I Exemptions:
"Estimates
The estimates as at April 1, 2016 and as at March 31, 2017 are consistent with those made for the same dates in accordance with Indian GAAP."
"De-recognition of financial assets and liabilities
The Company has elected to apply the de-recognition provisions of Ind AS 109 prospectively for transactions occuring on or after the date of
transition to Ind AS."
"Classification and measurement of Financial assets
The Company has classified the financial assets in accordance with Ind AS 109 on the basis of facts and circumstances that exist at the date of
transition to Ind AS."
II Optional exemptions:
"Deemed cost-Previous GAAP carrying amount: (PPE and Intangible Assets)
The Company has elected to avail exemption under Ind AS 101 to use previous GAAP carrying values as deemed cost at the date of transition for
all items of property, plant and equipment and intangible assets as per the balance sheet prepared in accordance with previous GAAP."
"Fair value measurement of financial assets or financial liabilities
In accordance with paragraph D20 of Ind AS 101, the Company has applied day one gain or loss provisions prospectively to transactions
occurring on or after the date of transition to Ind AS."
Notes to the reconciliations between previous GAAP and Ind AS
"1. Re-measurements of post-employment benefit plans

(a) In accordance with Ind AS 19, “Employee Benefits” re-measurement gains and losses on post employment defined benefit plans are
recognised in other comprehensive income as compared to the statement of profit and loss under the Previous GAAP.
(b) Interest expense/income on the net defined benefit liability/ asset is recognised in the statement of profit and loss using the discount rate used
for defined benefit obligation as compared to the expected rate used for recognising income from plan assets under the Previous GAAP."
"2. Deferred tax

Indian GAAP requires deferred tax accounting using the income statement approach, which focuses on differences between taxable profits and
accounting profits for the period. Ind AS 12 requires entities to account for deferred taxes using the balance sheet approach, which focuses on
temporary differences between the carrying amount of an asset or liability in the balance sheet and its tax base. The application of Ind AS 12
approach has resulted in recognition of deferred tax on new temporary differences which was not required under Indian GAAP.
Accordingly, under Ind AS, there are transitional adjustments leading to temporary differences. The Company accounts for such differences in
line with its accounting policies. Deferred tax adjustments are recognised in correlation to the underlying transaction either in retained earnings on
transition or a separate component of equity depending on the recognition of the instrument.
Further Indian Gaap required recognition of deferred tax assets on brought forward losses only based on 'virtual' certainty of future taxable profits.
In absence of virtual certainty, the Company did not recognise deferred tax asset on such losses under the previous GAAP. However, after
adoption of Ind AS, which allows recognition of deferred tax assets based on 'reasonable' certainty of future taxable profits, the Company has
recognised deferred tax assets as on April 1, 2016 since there was reasonable evidence of future taxable profits which is also evident from the
Company's performance in the following financial year."
3. Expected credit loss

The provision is made against trade receivables based on “expected credit loss” model as per Ind AS 109. Under I-GAAP the provision was made
when the receivable turned doubtful based on the assessment on case to case basis.
"3. Accretion of Security Deposit

Under the previous GAAP, interest free lease security deposits (that are refundable in cash on completion of the lease term) were recorded at their
transaction value under Ind AS. All such security deposits have been measured at amortized costs. The difference between the initially recognized
amortized cost and the transaction value has been recognized as prepaid rent which is being charged off to the statement of profit and loss over
242
the period of lease."
"4. Property, plant and equipment

On transition to Ind AS, the Company has treated the carrying value under previous GAAP as deemed cost under Ind AS. Additionally, the asset
retirement obligation on the leasehold improvements has been recognized from the date of inception of lease with a corresponding provision of
the estimated amount recognized as long term provisions. Consequential impact of depreciation on the capitalized amount and interest expense on
the provision is charged to the statement of profit and loss"
5. Government grants
As per Ind AS 20, Government grant (EPCG benefits) related to assets shall be presented in the balance sheet by setting up the grant as deferred
income. The grant set up as deferred income is recognised in statement of profit or loss as and when the related obligations associated with the
Grant are met by the Company. Consequent to this, property, plant and equipment increased by Rs. 21.31 million as at March 31, 2017 (April 1,
2016: Rs. Nil) and depreciation and other income has increased by Rs. 1.58 million and Rs. 12.53 million respectively for the year ended March
31, 2017. The net impact on profit amounts to Rs. 10.95 million.
"6. Rent equalisation reserve

On transition to Ind AS, the Company has de recognised the reserve created under IGAAP for lease equalisation considering the same to be on
account of normal inflation."
"7. Excise Duty

Under the previous GAAP, revenue from sale of products was presented exclusive of excise duty. Under Ind AS, revenue from sale of goods is
presented inclusive of excise duty. The excise duty is presented on the face of the statement of profit and loss as part of expenses. This change has
resulted in an increase in total revenue and total expenses for the year ended March 31, 2017 by Rs. 1,206.73 million. There is no impact on the
total equity and profit."
"8. Other comprehensive income

Under Indian GAAP, the Company was not required to present other comprehensive income (OCI) separately. Hence, it has reconciled Indian
GAAP profit or loss to Ind AS profit or loss. Further, Indian GAAP profit or loss is reconciled to total comprehensive income as per Ind AS."
"9. Retained Earnings

Retained Earnings has been adjusted consequent to the above Ind AS transition adjustments."
"10. Statement of cash flows

The transition from Indian GAAP to Ind AS has not had a material impact on the statement of cash flows."
"11. Previous year figures have been regrouped

The figures of the previous periods have been regrouped/reclassified, where necessary, to conform with the current year's classification. "
243

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Autoliv AB

Standalone Financial Statements for period 01/04/2018 to 31/03/2019

[700300] Disclosure of general information about company

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

[700600] Disclosures - Directors report

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

Particulars of holding, subsidiary and associate companies [Table] ..(1)

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

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

Details of indebtedness of company [Table] ..(2)

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

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

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

Total indebtedness at end of financial year 1,409.75 2,036.01

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

COMPANY SPECIFIC INFORMATION :

Financial summary and highlights:

PARTICULARS 31.03.2019 31.03.2018

Revenue from Operations 15955 13718

Total Income 16045 13813

Total Expenses 15092 12558

Profit/Loss before Tax 953 1255

Less: Extraordinary Items - -

Less: Tax 338 452

Profit after Tax from Continuing Operations 615 803

Profit after Tax from Discontinuing Operations 486 131

Profit for the year 1101 934

Other Comprehensive income/(loss) (6) 4

Total Comprehensive income for the year 1095 938

Amount, if any, which the Board proposes to carry to any reserves:

Major events occurred during the year:

a) State of the Company’s affairs:

Steps are being taken to further develop the business in future.

b) Change in the nature of business:

Details of revision of financial statement or the Report:

External environment and economic outlook:

Induction of strategic and financial partners during the year.

CAPITAL AND DEBT STRUCTURE:

Issue of shares or other convertible securities:

Issue of equity shares with differential rights:

Issue of Sweat Equity Shares:

Details of employee stock options:

Issue of debentures, bonds or any non-convertible securities:

CREDIT RATING OF SECURITIES:

INVESTOR EDUCATION AND PROTECTION FUND (IEPF)

Directors and Key Managerial personnel

Sl. No. DIN/PAN Name of the Director Designation

1. 01051460 Joydeep Roy Managing Director

2. 00814254 Rajesh Kumar Ram Director and also CFO (KMP)

3. 07150220 Narasimha Murthy Tumkur Director

4. 07992514 Christian Herbert Antero Hanke Director

Sl. No. DIN/PAN Name of the Director Designation

1. ADZPG5095R Ashoka Gogate Company Secretary

Declaration by Independent Directors and statement on compliance of code of conduct:

Sl. No. Name of the Director No. of Meetings

Entitled to attend Attended in person

1. Rajesh Kumar Ram 6 6

3. Narasimha Murthy Tumkur 6 6

4. Christian Herbert Antero Hanke 6 1

Recommendations of Audit Committee:

Company’s policy on Director’s appointment and remuneration:

Remuneration of directors and employees of Listed Companies: