Corporate Information
Indo Botax£ Chemicals Limited{theCompany) isa public limitedcompany incorporatedand domiciled in liidla.The registeredoffice
is at 302, Link Rose, Linking Road. 5antacrusi( West), Mumbai 4Q0Q54. The Company is engaged in manufacturing of Boron products
and Lithium.
a) General i nfofiliationa n d Compl iance with It id AS:
HiKcfinaocialstatements liave been prepared in accordance with the Indian Accounting Standaids (horeinaflei referred id
as the'Ind AS') as notified by Ministry 0FC01 porate Affairs pursuant to section! 33dffiic Companies ActZQl3 lead with Rule 3
ul tile Companies [Indian Accounting Standards) Ruies, 2015 and Gniti panics (Indian Accounting Standards) Amendment
Ruies, 2016.
The financial statements have been prepared on accrual and going concern basis. The accounting policies are applied
consistently Eo aJE the periods presented in the financial statements, including the preparation of the openlugfnd AS Balance
Sheet as at 1 st Apii E. 2016 bei ng th e 'date of transition to h id AS'. A1J assets and liabilities liave been classified as current or no n
current as per the Company's non:ml operating cycle and other criteria as set uut in the Division II o! Schedule I El to die
Companies Act. 2013. Based on the nature of products and the time between acquisition or assets fur processing and their
realise Lion in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months lor the purpose of
cu nenLoi no n -cm j ent classification ofassets and liali ilities.
Authorisation of financial statements
The financial statements of the Company for the ycai ended 31st Mai eh, 2025 were approved fui issue in accordance with tfie
resolution of U ie 0 oar d of If irectors on 13 tli May. 20 25.
b) Current versus non current classifies ti on
The Company presents assets and liabilities in the balance sheet based on current/ non-current classification. Ail asset is
classifi ed as current when itis:
L Expected to be realised or intended to sold or consumed in normal operating cycle,
ii. I leld p riAtarily for th e pu rpnsc of trading,
i ii. Expected to be realised wj thi n twelve mo ntl is a tier die re po rting period, oi
iv. Cash or cash equivalent uni css restricted from Eieing exchanged or used ta settle a liability for at least twefw months
after the reposting period.
All other assets are class died as non current
A lia bi lity is classi fied as cu ircnt when:
L It is expected tu be settled in non nal operating cycle
ii. IE is hold primarily for the purpose of trading
i ii. It is due to lie settled within twelve in onths after the reporting period, or
iv. There is tio unconditional right to defer the settlement of the liability for at least twelve munths after the reporting
period.
A1J other t ini hi i lies a re class ii ied as ooti -curron L
The operating cycle 1s the lime between the acquisition of assets for processing and their realisation in cash and cash
cq uivaJents. Defier red tax assets and lia Eli titi ea are classified as n on-cun ent assets and 1 la bi lit i cs.
c) Property, Plane and Equipment:
Prooerty. plant and equipment are stated at their cost of acquisition. The cost comprises purchase price, borrowing cost if
capitalisation li iteriaare mot and directly attributable cost of bringing the asset to iLs world tig condition Ibr the intended use.
Subsequent costs are included in the asset's eartying amount or recognised as a separate asset, as appropriate, only when it is
probable that future economic benefits associated with the item will How to the Company. Ail other repair and maintenance
costs are recognised in statement oE p refit and loss as incurred.
Subsequent measurement (dtp red at ion an d u sefuJ lives):
Depreciation on properly, plant and equipment is provided on straight line method on assets located in Factory premises.The
company has lollowed written-down value method of providing depreciation with respect In assets located at f lead Office. The
Depreci^Loo is computed on the basis of useful lives (as setout below] f irescribodin Schedule II the Act
The amortisation period and the amortisation method fur finite-life intangible assets is reviewed at each financial year end
LeasehbHimprmnnfaits have been *K»rtised over die estimated useful life of the assetsdi the period uf'Eease, whichever is
lower. The residual values, useful lives and method of depreciation are reviewed ut each Financial year end and adjusted
prospectively, if afjpr op: utc.
De-recognition
Art item of prop city, plant and equipment a rid any significant part initially recognised is derecognised upon disposal or when
rio future economic benefits ate exacted From its use or disposal. Any gain or loss arising on dir-recognition of the asset
[calculated as tire (fifferencp between the net disposal proceeds and the canning amount of the asset) is included in the
in come statement when the asset is derecognised.
Transit! on to- fed AS
Du transition to Ind AS, the Company has elected to continue with tire carrying value of all its property, plant and equipment
recognised as at 1st April 2016 measured as per tile provisions of previous GAAP and us-e that carrying value as the deemed
cost of pro pcily. plant and equipment,
d | lntpa irm ent of non-fi nan rial assets
At each reporting date, the Company assesses whether there is any indicati oil based on in ten tal/external factors, that an asset
i nay be impaired. If any su da in di ca tic ri exists, the dump a ny estimates Lh e (itco verahle aims un t ol the a sseL If such recoverable
amount of the asset m tfie recoverable amount of tire cash generating unit to which the asset belongs is less than its tallying
amount, the cunying amount is reduced to its recoverable amount and the reduction is treated as an impairment loss and is
reccgnis ed i n Die sta teme nt of p m fit and 1 oss. Ail assets are su bscq uenUy reassessed fur i ndicatmos that an impair merit loss
previously recognised may no longer exist An impairment loss is reversed if the asset's or cash generating unit's recoverable
amount exceeds its canyi ng am ount
TlieimpaimticnL tosses and i everasls are recognised in statement ofpnjru and loss.
e) Investments in Subsidiary
Investments in subsidiary is carried at cost less accumulated impairment losses, if any. Where an indication of impairment
exists, the partying jmount of the investment is assessed and written down immediately to its recoverable amount. On
disposal of investments in subsidiary, the difference between net disposal proceeds and the carrying a mounts are recognized
in tlie Statement of Profit and Less.
f) Financial instruments
Financial assets
In it id I r ecog n iti on a nd measurement
Fi nan da E ass efa and financia I tiabili ties a re recogi used wbei i the Coni puny becomes a party to t fie contractual provisions of the
1Ii id ncial instrument and are measured initially at la ir value ad| u s ted fortransaetion costs.
Subsequ ent mea surement
L Financial instruments at amortised cost the financial instrument is measured at the amortised cost if both tile
lo bowing conditions are met
The asset is held within a business model whose objective is to hold assets lor collecting contractual cash flows, and
Contractual terms of the asset give rise on specified dates to cash flaws that are solely payments of principal and interest
(UP FI) o it the pri ncipa E a mourn ou tsta nding.
After' i n i tial measurement, su cli financial assets are su bseq uently measu red at ai no rtised cost usi rig the effective i nte rest
i-ate (EIR) method, All the debt instnini^ltB of the company are measured at amortised cosL
Trade Receivables and Loans:
Trade receivables are initially recognised at lair value. Subsequently. these assets are belli at a mortised cost, using the
effective interest rate f El R] method net of any expected credit lasses. The II l R is tile rate that discounts estimated future
cash Income through the expected life of financial instrument
Mu tua I Fun ds, Eq ulty I lives tin ent, bonds and other f i na n ciai instrume n ts:
Mutual Funds, Equity investment, bunds and oUiei1 financial instruments in t tie scope of Ind As 109 are measured at fair
value thru ugh other comprehensive income (FVTOCIJ..
Financial liabilities
In itiai reoogni tion and m ea sure m ent
All fiiinncia I lialul dies are fecogn ised j ni tially at fai r val ue and transac tinn tost Lhat is attributable to the acqq Lsiti on of the
financial liabilities Is also adjusted. These liabilities are classified as amortised cost.
Subsequent measurement
Subsequent to initial recognition, these liabilities are measured at amortised cost using the effective interest method.
Th ese liabil ities inci ude borrowings,
De Ý retufl n i ti r) n of i i n anci al I ia b il i ties
A financial liability is de-recognised when the obligation under the Ji a in I Ely is discliai ged oi' cancelled or expires. When an
existing finandnl liability is replaced by another from the same lender on substantially different terms, or the berms of an
existing liability are substantially modified, such an exchange or modification is treated as the dc- recognition of the
original liability and the recognition of a new lia bil ily. The difference in the respedhne carrying amounts is recognised in
Lhc statement of profit and loss,
g) Impairment of financial assets
In accordance with End AS 109, the Company applies expected credit loss (ECLl model for measurement and recognition ut
impairment loss lor financial assets.
ECL is tli e difference between all contractual cash iluws that a re due to the Company in accordance with theccmtiactand all the
cashflows titut tile Company expects in receive. When estimating Lli ecash Rows, the Company is required to consider:
i. All contractual terms afthd financial assets (including p i cpayrtient and extension) over tiie expected lile of the assets.
ii. (lash flows from the sale of collateral held or other cieJ it enhancements that are integral to the contractual terms.
Trade receivables
The Company applies Approach permitted by End AK109, financial instruments, which requires expected lifetime losses to be
recognised from initlaf recognition of receivables.
Other financial assets
For recognition of impairment loss on other financial assets and risk exposure, theConqiany determines whether there has
been a significant increase in the credit risk since initial recognition and if credit risk has increased significantly, impairment
loss is provided,
b] Inventories
Raw Mu ten at: Lower of oust ay net realisable value. Cost is determined on fir it in firs taut ('FIFO') basis.
Work in progress, are valued at lower of cost and net realisable value. Cost of work in pi ogress and manufactured finished
goods comprises direct material, cost of conversion and other costs Incurred in bringing these inventories tu tfieii present
location and condition.
Finished goods: Lower of cost or net realisable value. Cost is determined on FIFO basis, includes direct material and labour
expenses and a ppropriate pro portion of ma nufactur i ng overheads based on Ui e normal capacity for manufactured goods.
Net realisable value Ls the estimated selling price in the ordinary course of business less estimated costs of oompJc-Eion and
ustinia ted costs ofnecessary Id make the sale,
i) Foreign Currency Tra nsa ctl oils
Initial recognition
The Company's financial statements arc- presented in I NR, which is also the Company's functional currency. Transactions in
foreign cun encies are recorded on initial recognition in tire functional currencyatthc exchange rates prevailing on the date of
tiietransactiun.
Me asureiuen tat the balance sheet da te
Foreign currency monetary items of the Company, outstanding at the balance sheet dale arc restated at the year-end rates.
Nod-monetary LteniK which an) carried at historical cost denominated in a fai eigrt currency arc reported using the exchange
rate aL the date cE the tnUsadiuiL Non-munetai y items measured at lair value in a foreign currency are translated using the
exchange rat es at ti lc date when tl lc fa ir value is deter mil ied_
Trea tm ent of exchu nge d i Etc rente
Exchange differences Lhstirise uii settlement of monetary items iron reporting at each balance sheet date of the Company's
monetary items atthe closing rate are recognised as income or expenses in the period in which tii^ arise.
j) Income taxes
Tax expense recognised in statement of profit and loss comprises the sum of deferred taxahd current tax not recognised m
Otb er Compr chunsive income COCf) or directly in ajp&jt.
Current income-tax is measured at the amount expected to he paid to the tax authorities in accordance with Lhe Indian
Income-tax Act Current income-tax relating tn items recognised outside statementdF profit and Loss Es recognised outside
statentent of pro fitai id loss {either i n OCI or in equity ].
Deterred income-tax is calculated using the liability method. Dole) led tax liabilities are gcneiaJly recognised in full foe all
taxable temporary differences. Deferred tax assets are recognised to the extent that it is ptiofeabte that the under lying Lax loss,
unused tax credits or deductible temporary difference will lie utilised against future taxable income. This is assessed based on
the Company's forecast of future operating results, adjusted tor significant non-taxable income and expenses and specific
limits on lhe use of any unused, tax kiss iff credit. Unrecognised deferred tax assets are re-assessed at each reporting date and
me recognised Id the extent Lied it Jus become probable that future taxable profits will allow the deferred Lax asset to be
recovered.
Deferred tux assets and liabilities are measured at die tax rates that a re expected to apply in the year when the asset is realised
or the liability is settled, based on tax rates \ and Lax Jaws) slut have been enacted or substantively enacted at the reporting
date. Deferred tux reiating to items recognised outside statement of profit and loss is recognised outside statement of profit
and (either in OCI nr in equity ).
k) Cash and cask equivalents
Cash and cash equivalents comprise cash in fund, demand deposit:, with banks/corporalions and short- term highly liquid
j nves tu i ents [ origins I maturity less than 3 months) that are readily convertible i nto know) l a mou nt or cash and a re so bjcct to
an insign i (leant riskol eiiange m value.
11 Post - e i n pi oyment, I o ng term an d short term employee benefi ts
i) S ho rtTerni Employee Benefits
All employee benefits payable within twelve months of receiving employee services are classified as dbort-term
employee benefits. These benefi ts include salaries and wages, bu nus and ex- gratia,
ill Defined contribution plans
Employee benefits in the form of contribution to Provident Fund managed by Government authorities. Employees
Slate Insurance Corporation and Labour Welfare Fund are considered as defined contribution plan and lhe
contrlbutiuiisare charged to the Profit and Loss Account of the year when the contributions to the respective funds
are due.
ill) Defined benefit plans
Retirement benefi t in the form of Giatuity benefit is considered as defined benefit obligation and is provided for cm
the basis of an actuarial valuation,
iv 1 Gratuity
The Company has an obligation towards gratuity, a defined benefit retirement plan covering eligible employees.
The plan provides tor payment to vested employees at ret: rement. death while memploymentoroii termination of
employ meutof an amount based on the respective employee's salary and the tenure of einploy merit Vesting occurs
upon completion of given yea is of service. The company makes contribution to employees group gratuity fund
established by Life Insurance Corporation of India. Actuarial gains and losses arising Freni changes in actuarial
ass umptio ns a re r ecognised in th e Profit and Loss aecoun t i n Lb e period in which they a i ise,
m) Op crating expenses
Op cm aliii" expenses are recognised in profitur loss upon utilisation nfdiesrnttk or as incurred.
n> Boi'l owing costs
Borrowing costs directly attributable to the acquisitions, const! action 01 production of a qualifying asset are capitalised
during the period of time that is necessary to complete and prepaid the asset For its intended use or sale. Other boi rowing
costs are expensed in the period in which they a re incurred and reported in finance costs,
o) Fair value measurement
The Company i aeasu res (inancia i i nstmmei its. at fair va Eue at each balance sheet date.
Fair value is the price tiiat would be received In sell an asset or paid Go transfer a liability in an orderly ti ansacLioii between
market participants at the measurement date. The lair value measurement is based on the presumption that the transaction to
soil the asset oi'transfer Hie liability takes place either
L in tire principal market Tor the asset or liability, or
ii. In the absence uFaprinci pal market, in Lhc most advantageous market for the asset or liability
Hi e principal or the most advantageous market must be access ibie by the Company.
Hi e fair valueoF an asset or a liaiiiEity is measured using the assump tions that market participants would use when pricing Else
asset or I ialiility, assumi no Lhatmarket parliri p ants act in theireconcuni c bust interest
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