2. Material Ytiuiiiuiiig PupjHvv
2.1 Miitrnieiit ofcmnpllance mid Batik ni pirpuraliiHi
Tlv financial sipwmctiis »i itlc Company haw been prepared in accordance with Indian AcciniiiMtie Stnodardi Ibid AS| notified under Set non |J3 o11 •ompaiues Act. ’(113 ulic Atu
iced willi I he t .impatries (Indian Acc.imllng Standards) Rules 2(11 i las amended limn lime lo limel tasucJ h> Ministry ul forpnrjlc altiirs anil prevent. m..ti rcatrirancius til Dn no,in II
u< Schedule III in (he ( rrmptmies Aer. 2»llilnl AS compliant Schedule III >
I lie ftenrial swiemeirts have been prepared nn a hisniittal cos( basis, except fur certain liiwneiul immimenis winch luve been measured jl hut value u explained in ilic seewiffllnil
policy id linanci.i! mMiumciiJs:
Til..' financialiimenwnti are presented i« Rat. and alt values are minided in the iicUrMI miriioMl IKa. JKDWNKIh CM-cpl when otherwise mdiealed (figures less than Rs. (1,05 ln,llhms |ia*
fnf'tfli ilteckh-lttl a> "0 INwhejt there arc mi <1111 mac iuwk or balance, same ikdiMrtuted ttfc w-”|
I lie l timpany has prepared llie financial Itlulewmn nn the basis Hint il will continue In operate j.v n going concern. I he litcmeial statements provide emnranilrvr informal inn in respect
at the previous period
l~l >»iniiuirv or muimill uccnutiiing polirte*
a. 11 %c of ilitiiruilt i
I lie preparation Clltc financial siMcinentx hi conformity wilh Ihe principles or I ltd AS require* the management m mule ]ufeiwni». estimates and assumptions that dice I the reported
JttUHJnU 111 revenue* expenses, assets ami liabilities and the ilisclawnc 111 comingcnl liahililic*. at llie end unite reporting period. Although these animate, me based tin lire
iitan.igcihcnl S best knowledge id euirenl events nml ncliuns, uncertainly ahnui lliesc asuililpliims and evtintUlcs e.inld result in the •mtennes leqaiiuic a iiutcit.il .nhitstmcill In the
i’Jiiyinti .mhiLiiib til atids orliabElillcai in fintirc period-.
I lie estimates and underlying assutiipliiuni are renewed un an ongoing basis Revision* l» accounting esdimales arc recognised in the period In which the cstimnic is r cured if the
revision allccisonly that period, nr ip llie period "1 the revision jud future periods il the rcvMtrn allectsbotli eurtein and lulqre petimls. In particular, inlnnitation ahmit lire significant
.Ileus ot estimation, uncertainty .mil crhieul judgements in applying nccmmiing policies that hove Ilic must stgnriicanl ..........lire .imminMeeniimscil in lire financial infiwuuil.oos
l>. Cutrrnf vervus noo^current datkiritatiiut
I lie I'trinpany presents assets and liabilities in lire halutxc street I'.octl nr curtain null-current I l.issilknlh 111 An lUisel is treated as current when it is
- I'vpci’tctJ 10 hi* icu!i!*cU or inicrulctl to he sold nr consumed m r"nu;]| ops: unrip
-1 Mil primarily lor Hu: puipow ol iraditij!
LLxpetietl to he rwllMftl williin twelve nuiuilh after ilw icpuMmp period, ur
- Caih or cash cqutvuk-m ujiIw ruilnciciJ frum hwlug cxclwn^ril <rr uwd t.i xMc a liability lor ji Icom iwetw months niter the n*piirimg
All mlici ure clasiHtfietj ^ iiuii-cum:ill
A liidtiliiy b.£UiVdft1 when:
- It is w'vptvh’fl io Ik* -.L-iilcd m mutual "perilling cynic
- It !•» held primarily Ibcfhc purpoyc iit'lrHLliiig
• Il i • due lo be- tcilL-i! within twelve rnonihs alter ilic reporting period, or
- I lieu* I- no unworn III inna I nubi rn deter lire wlllcmcm id ilic hubilpy fur ji |fj?*t twelve rnuntlWi ufttr the repurtiim period
- I III- lenm til ilic llaliiltly that could, at ihe option o( the cnunicr party, results r« M* KtllamatU by lira issue of equity iitslrumcnis do nut affect its dasulkaimn
I lie hmrn ol the Ifal’ihly that amid, ai (lie opt I nrt ol the counterparty, result inns sciiLsmeru hy i|(e issue of cqurls installment* dn nut alTcci its ilmtaifkatinn
lire Cumpam*classifies nil uilict IhlbilllU's as nuilA'uiteni
LKTcrrcd las tWKfs'hatiilitici uic elavsilieil .is linn-euirenl assets and liabilities.
I lie npcrating cycle is llie time between the ucqulstliim ol JsScb lur pniecssing ami llicir rcatUalnin in cash and cash cqaisalcnu. The Company has nlaililied Iwcbc immilis as as
upcialiiiu cycle.
c. Fair value measurement
the fompum measures llnjinial iii.iimiietns, mh li as. derivative. .11 fair value ai each (valance .|,eel Jan-
F"” v“Wc “ ",clwi“ “ÝuuU ** w *" « “«•«P"“i 1“a Itabllhy In an onJcrlyimmueiion between marU-i pumcipuuls ai the incaautena.nl dale flic ft,, value
Hkmurerocnl i> ImhclI mi lit c pna»uiiipiiutt itai the uaiLsatium to .Mill I he uN>tl nt iramlci Hie Iwbtfifj iako plate either
• In the prmcipul tuarkcl for (lie ;n»s$i or liability, ur
- In I he absence ula piiueip.il market, In d,e must advantageous rii.iii.el Ini lire .reset nr Itahillry
I lie principal nr the ItrioM advantaged ns llKtrkel must he accessible by tile (Tttnpuhy
I lie la,, value of an assn, nr » buhihtv is meusuted using the .resumption, Hum market puH.ci punts would use when pricing the a,<el or liability, assuming lh.„ nurivci pan.enwnr. cel ,n
Ihcir economic best inicrcjrt. 1 1
A fuir v allte- lltensuiemcivt of a i„n..fmunelal .is.vci lakes inln ace,mm market participant vdhilil, U. generate economic hcnellls by using live asset III II, limheN ami bcai Use or he scllmu
it lv» arm I her ntarltct participant Mini would use the asset in Ms hiuhcct aiul Irtrei use
The Cuiiip.tiiy uses valuation techniques Hi,., arc appropriate In the ciieuitiManccs and lor which Adr.ciotl dula arc available f measure lair value. iiminiwi,F H,c use .,1 tclcvunl
ubMrn..tbfc iiipui^ Htlti nil mini silty lilt il>c ol unob»ci v.ifole inputs
All Meets and l.ahiliiic.e fu, which t.iir value Is measured ur disclosed m the linuncinl stuiciuenls arc ewegurtsed with in rile fan value hierarchy, described ov follow*, based oil the lowest
level input lh.ii luignllknut tu ilte liur value measurement a> u whole
-I cvei | piloted I unadjusted) market prices In active iiiatkciB for idemical nwcls or liabilities
l.ev.l 2 VallaliUH techniques lot which die kwetllevel input ili.il is significant hi die hur value mcjvuiemetil is illrcclly nr mdireelly observable
level • V Uliiiiliutt techniques Tor winch die haunt level input dial i* significant i« the lair value measurement is unphscrvahle
Foi atwsu and liabilities dial arc recognised u. ,he hnannal Mawmetlls on a recurring basts. Ihc- Company determines wired,er irmisfers have occurred between levels hi the hierarchs hv
re-asse-ssinp ealegun-,.uiun (hjscd olt die Imvcsl level input dial Is MjHiifivMiil Hi die lair value measure., *-,,1 us a whole) ai die end of each rvpnrlmu period
At cue I, rcp.il Imp dale. Ihc IW analyses die movements. in Hie values., (assets and Hub,litre, which ».e reqvmcsl nr be remeusittevl or re assessed as pc, Ihc Company's ucwuintmc
pOliBIMI. For lb,a u,,»l«„. the cm ver.llcs (he- major inputs applied in the latest v-.dual.on by agreeing the inrirrmutuit, ,|,e valuation computation lo CMUriKband oilier relcvam
I lie CB) also compare Ihc change in the fair value ill each asset and liability will, relevant asternal ...mces HMlctcrminu whether lire change is reasonable
Fm i lie purpose of lair value disclosure-,. Ihc Company lu.. dolcrmhted «!.«« ofttsselv and ................hr has, s of die nature, character „nes and inks of die a,ve. or iiabdliv and Ihc
level ui die fair value liiei'iireliy.is evpljuied abuse
I In. m.ie summarises aceuuntinp policy flat lair value Other I'urt value iclaml , Inch .sure. aie given in die relevant Holes
? Disclosures 1or valuaii™, methods, significant evil males and assumptions I note 7b. 21.31, VI j
? Oujidilulive diselosuic. o( larr valuemoisuremenl hierarchy fnriK 2fi, 29)
? Fiiuinernl instruments (mefudmg llltise earrierl al amortised tv,nil (note 5. 2b 2d A II i
il. Heiciim- from cuuiru els with ciwlunu-rs
Its’venue Horn vamrael-s with eUsMinel-. ,s rccnnm.cJ when control ot ll,e good* services, lire irnnsletred to Ihc customer ,,| un ainouql lh.,| redceiw the cillMdemlhin lo which Ihc
ouipjny expects ... he Winded III evehttm-e hit those goods or Brrviccj.. The Company has eoncluded that il ,s Ilte principal ,n ils revenue arrangements, beemure it typically eollllols die
p,,.Hls ,„ -Civices helore tun,felling them Lo the CUMnnur when the payment .. luring made Tile spcetltr recugiiltiun cnleriu deKrihcd hch.w n.„s, „l<o he met before revenue ,v
nx*upiirt*il:
Jt)t \ttftnlurr u.\ a Service Jjiuntie fSun.S fnenitic)
Rc^tfnucs Inim SiinS Ina.nw ^otiiprtx-> nl tiillimmg*
II Fixed ureome per lr.ins.ieiion uull and ,.v re-eognised when relatednwisactmirv are perlonticd Willi euslonK.s Fuell transacnon unu i-. ddilied as sutgle shipmenl and return shipment us
|KTOo"ie.! Ire euatumers Kevunue Irmtt serv ices me del erred till u n received by (he rmliimers and is disclosed us deferred revenue
ol Revenue Irom (liber supporr lee is reeugittsed when die company csrrivvmit certain eimnmirairons m.vdifiemu.n, nr olhcrc hunger depend mg op lite tlienls requiienttnt
nil Revenue from pciucssiytial lire is levugllLsed upon rendering ol ptoleulunal services on ., monllily bq.is
iv , DtsCuUnls prm idcd n> evunomefy are nelled ofnriim the revenue Ovuii conlmcfi, »j|li cum,,ours
tnremu Inroim-
Imere-sl iriv-onie re revogm/cd mi a lime propimlwi bav.s l at mg into ncvmml lire- .miouni uuiwandlng and die applicable mfeie.i rale- Inter a. l income is Inelurled under the head T,ihei
incrotiu.- m ihr fclMtfiiivni H Pinflt .inJ I uk
( uninici Buiancvsi
I Iil? Kilivy kn hulilJlwc* i c irmiiriliI Imdc icvcivaries ami w'lmtllltl Iwlnluiw is: as f'ulInWi
Trude f cieiv jlili a
A iccciv Jhle repiestcaullio Cnuip.oiv',. lieii.i loanrnmnnairiednshlenillrta dial isUMfmlilion.,11,, only die pjss,ige nl lime is required K-boe payniem ,,l ihc ..m.ideialioii is duel.
Kl*fci iii iiccuunMtig pnliciL-v ol liromtiu! ns«h in linaiui.il itintmiucuh indiul rccngntiuui an.I snbMfijii^ni incu^uiiMiwnl
t uhlrucl Ibhilillci
A cunltact liability is die obligation l» dehsei services to a-os.oore-r for winch the I onvpanv has lectivci eoiuodcrutron or pun thereof fcq «n miKiit.ll ol e.iresnleniinm is duel from |hc
V il.lome, II m v, 1.11ui,or pav> vmiaJor,,,,,, heh.re tile c oo.pquv deliver -met- l„ the VUSIomer. a vonlrael lo,hd.lv „ reeogmse.l when die paymeur b nude or die p.ivu,e„l l.due
sT is earlre-il. C onHad liabilities are- iixoginsed a. revenue when lire- Company pofuinw under the conlruct. t .mltaei liabihiics aie primarily Irom deterred revenue and
uqsnmter witvaiiee Oir which service. „re yel lu be lemlemi on the reporting dale cilliur in tlill sir m path, r.nilmct lo.hilit,e-» me recognured evenlv ,,v e, the pemot. he.ne nerlormrirtec
obligation of die C rmipany.
c. Tatra
Current imuim- lav
CtllTcill income lit ilsscli ttrttl liabilities are measured .il IIItr amount expected to be recovered Irani nr paid In ihc luxation nurhonties in accordance with the Inenine-rux A*1. I*>0l
enat led in India and 1us luw» prevailing in llir tnpec'livc tax jurisdiction:! where the l 'nmpauv npctitlw The tax rules ami lax bw» used In enmpiilc Ihc Jinounl ire those lli.it me outvied
or Milntantively ertaeied. at llte reporting dale.
I Hriciil income tat relating In Heim recognised outside (until or luss !' recognised Hillside profit nr low (culler in other tain [Hell*: mire incnitu* or in etpiiiyi I'lirreut fits Items are
recognised in correlation in the underlying Ininxattiim either m 1KJI or direeliy in equity Manage merit periodically emlumev posilhms ml. en in llie mx returns with topgcl M miualmn*
in which applicable lax regulation* arc vuhjed in iiilerpreUImn and considers whether ii is pmhahle ili.n a taxation autlmtiiy will aetepl an lincerlilin lax lieaimcni Hie Company dull
felted tile clleel ol inieellainlv lor eaeh ilrieciltiin tax treatment by Using. eillict must likely metlloil nr cxpccled value method. depending rm which mellmd predict' heller rcMlIullim ill
lire I real mem.
IHrerred rax
Derailed lax is pmvided Using I fits liability melliiid nil lemporaiy dllllrenccs HelWcirtt llte lav haxci* or asset* ami liiibilil It:* anil Ihcn * any i nr amounts li« finiineial reporting purposes ai
l he reporting dale,
Defer led tux liabilities are recognised |ur all taxable temporary differences, except
- When llie dclermi lax linbrhly arises fromihe inuial recognition of goodwill or an a*sm or habilily in a Irinwcliun Mini is not a business combi nun on and. ai the nine ol ilic mmsacirnn.
jlleei* ncilhei llie arc mm I ins prnlii nor luxahlc pi 11 IT I or loss and '|nc> nnl give»i«c In equal taxable and dedueiihle lempniary iltlfcientes.
- In respect ol taxable temporary .lillciente* associated with investments in subsidiaries. uMwinfev and interests in joint vctvmres, when the inning nt'the tevenaii ol llie lempiirury
ill I lr rentes can Ire eolllntlled and it iv probable lltnl the temporary differences will not reverse in llie forex edible turn re.
Deterred lax axsels are reengitned fur all deductible leiltpuraix dillcreili.cs. Lite entry tnrvvatd ul unused lax trcdils and any Unused lax losses Oefcircil lax assets are recognised In the
extent iliat it is probable Mini taxable pnvlii will lie uxnilahle against which die deductible tetnpuraty dUL'crciiccs. and die carry fit nr ardofunused lux cnydits ami unused lax loss*:. can be
uiiliseil. nxcopi:
- When the deferred ms asset relating i« the deductible letuputaiv difference aitscs friini llie inn ml recturmiion of an asset or liability m a irani.iclioii Hint is not a business eiindiimiiiun
ami, ji Ilic- lirue of the iraiBaelion, udee|s neither llie accounting prnlii nor luxuhie pmfii mi loss and does nol give rise In eipiul taxable mill dcjucltlilc temporary ilitferancea.
- hi re speel ul deductible leniporary ililTcrences associated with investments in subsidiaries, associate* and mlcic i. in joint ventuies. ddettx’d l.l X assets' are ivcugniscd only in the extern
Hull II is probable HlUl Ilic lenipotary ddlcrcUces Will reverse in llie Ibroccnhle lliliirc and taxable profit will be available ngninni which the leniporary illIfc’ienee* can he uldised
the carrying amount ol detenvd lux ,i**elK i* reviewed ai each Irpiillltle dale ami reiUiccd lit ihe cMenl Dial il is no lunger piobable lltnl Millicicnl luxulile prolii will heavuliable In allow
Ýill or pan of the deferred tax asset to be utilised.
Lhtrecugnised deterred tax assets ate re-assessed at each repo nine dulc and are recognised to Ihc extent that il litis become piubalde that future luxulile profits will nlluvi Ihe *lelerte*l lax
asset n> be recovered,
Deferred lax assets and liabilities are nieasined at die rax rate* dial arc cxpccled to apply in Ihc veal when the asset is realised or (be luihility is sellled. bawd on tax rates (ami tax laws]
dial have been enacted nr niihvianlivcly enacted in the reporting dale.
Deferred lax rvlalillg in ilctm leeogiusctl outside pruTil ur loss is tveiigiiiscd Hillside prolii nr Ins.* (either in nlllti eniuprchcnsivc Inenine nr m eqodyi Deferred las hems arc recognised
in concdniuin to the underlying ir.uis.ieiiiin elihcr in < >i i m directly in ei|uily
Deferred tax assets and deferred lax llabilllio are otT.cl if a legally enltiiecablc right exists 1o sel olf current tax assets agaimi eurrenl lax liabilities and die deferred taxes retale lo Hie
same unable enim ami Hie same taxation authority.
k I'rnperlv. plant am! e(|iiipiiieiit
I’rapcrly. plan! and equipment are .luted at cost, net of accumulated depreciation and iieeuunilalcd impair mem lu-.:.e>, il any. Such cost include:, llie coi.i .if rijil.H : ill; pari of die property,
plain ami equip mem and borrowing en»i* if llie rccoenniop criteria arc me| When significant pud* of property, plant and equipment are required la he replaced ni intervals, llie Company
dcprecmles them vepurnlcly based an their specific usdal lives. Likewise, w hen a inujar ins'peellup is performed, ns com is recognised in die eurtyone amonni of Hw properly, plant and
equipment as a replacement i! the recognition ciilcriii me *;i(isited. /Ml other repair nml mainlcnancc cauls arc recognised in profit ot loss as incurred.
Dcprecialion is calculated on a •imiglH-lmc basis over ihc citinulnl useful life ofllic assets as follnw -
An item ol piopetij, plant and cqaipnteiti nlvd any significant pari initially recognised Is derecognised upon disposal or when no future economic benefits arc expected Irani Its use or
disposal -\:iy gam or loss arising on ilerceoeiiLI inn of llte asset (calculated as ihc difference between die ncl disposal proceeds and the carrying amuUfi! of Ilic asset | i* included in llie
income sluteineilt When Ihc iixscl IS delL-eoynised
I he rekhludl values, usc-lul live* and nwihnds nl deprecullon ol pmpenx plain anil equipment arc revtswe*! at each linanaal yen end and adjusted prospectively, il appioprialv.
g. I niam>itde assets
Intangible .LssCLs ucqlliltd separately are measured on IllilUll rccognltlnn nl cost I hc C*I*I ul inrangihlc nxsctv acquired in a hnsincv* ctimhinrttion is then (tier value at the dale of
.icqillsihoil. Idlloivlng inuial rctagliilr.nl. itiwitglblc i * *.-!-* aie mined al cost les* am acCtiniulnled anlnttisalinli and Itcciiinulnlcd nnpairuicnl losses. Inlenutlly gene retell intangibles.
g\clulling Ý. apiialiseil tlinclnpnum ensis .tie mil enpiuliH'd and the icl.iied cxpcndliui. isleltcvicil in ptnlii in loss in Hie podhd In vvldcli the vvpvnditutv i> incutrcxl
till' useful lives ol nituitgllllc assets tire assessed as cither Unite or indcliiiile
Inungibls- a>.eis with finite live* are amoniacd over Hie awful economic hie and assessed fru tmp.mjiietil wlienevei itici* is .in uiHietilinii that Hie ml.mgiblc nisei may he unpaired. I lie
.niiuiiis.icmn period anil the nmoiitsuliiin method lit an iniaiigible uuul vvilli a finile u-clul Ulie ure leviened al leasi ul Llie end ul each reporting period. Change* m llie expected use till
Ills' or llie expected pnlleni ol eon sumption ol Inline eenuoime benelil.s einihidled in the a*.sc! areeon.sidewd lo iniidify Ihe uimirlisaiinii period iir ineHiml. as apprnpriule, and arc Healed
as changes in aci omiijitg usnmales Tlic aninrtiaiilinn expense on iiilaiigible assets with fliiiiv lives is recognised in the sialemcnl ol prolii and loss imle.*s sueli expendhuiu Imm. pail ol
eanying value of unoilicr asset
I he < ’nmpany uu-uc* Jt reumact inception whethera contract is. or twmums, i lease. Tin is. if the cMlraei (anww the right w eramul ihe use ufan Idcmlied as5ci l„r a period „|
lime in vMium^e 1
( nmpaut uh a livin'
1 he company applies single recngntlivm and l«ca«,renk-nl approach for all leaves. except lor sllun-lenil leases anil leases ..I low-value The cnTnpauy resounds lease HahillHeS
iii moke ic.isc payments anunghi-owuie ukd rcprc^nimg ibe riylii lu use ilic under lyinj* a^U.
i| Uiiilil ul-iiM atncl%
I lie Company rsenjsitlscs figbhofcusc assets al Hie commencement dale Id flic lease h.e.. the dale the underlying assei |« available lor usel. il.clil-of-use Jsscls ate mcasuted ai rm, lo«
any iieeu.null" ed OejUWtalkm «kl krevre. and .,d,«d«| lor ttfiy freneaMintmenl of lease I,ah,hi,e* I he c..si ol tight- ur-uve ttHK includes the mm,it,"lease bablhhcx'
recognised, mitral dr.ee. cmh incurred. npd lease pav.nv.K made U « helore .In- y„mmctu-cn,cot date less any lease juucpiw revelved. Riglu-ol-use UUrtr rm> deprecated on a sua.ahr-
•,,w ™SW ,JVcr M,e shur,fr 01 ,he ictiiiamJ ilic «ihiuitftJ mmIUI lives«»i*the ukbiv u> in mm\ba in Vi month*.
eluT h^lf !l,eassel'ntd '** W"W "* '*'* lcMC lCTn'«tJ,u ««' of a purchase opium, depreciallnn ,s ealealaied using rile estimated
The rlghl-oMlse assets are also subject til linpalmiem Refer in r lie me mini mg policies in scclinn til Impairment of nor-tinanelal assets,
ilf I ease I i;ilijlities
Ai die enmmcnecrtMnl dale 1*1 the lease lire Company recognises lease luhlliiic. measured al the present value i,| Ue |.aymen.s to Is. made over |he lease lenn. The lease payments
nuh.de lived payment* (.neludnig ... MlMltCC Used tuynicnisl less any lease incentives receivable ViiM* lane payments 1lr.il .lc|.er,.l.... un m.lcv ,.r,. ,aie. rurd ...mums eM.ctleil lu
he paid mulct rvvulunl ya rn: gnaranrees. The leave payinenrv also include Ihe cvcre.se pr.ee ..I a purchase op......reasonably certain r„ be exercised by d.e t on,pans and puuoems of
puullres lor Hmil.flal.njr Ihe lease....... leave let." tcITeyfe. the Company exercising life opium lo lerminalc. Variable leave puymenb I hat do nol depend on un Index or a rale are
rei-otmiscd as expenses (unless they are incurred p. produce inventor**) in Ihe period in yvlueh ll.e even, ore.mdldon dial ruugere the payment occur..
In calculating Wc preset,I value ol lease pavmemv, Ibe Company uses .lv Illctcmenial tiurtowinn rale at tire leave commcneenrem dale because the nncrvsl rale implicit „. the lease ,e run
reml.ly dele rum table. Abe. the eohm.c.eemunl date. II,v amour,.....cave liabilities is increased I.. reflect Ihe accretion »r interna and reduced li.r the lease payj.il> made I., addition
the carry mg ann.niil id lea* lial.dn.es is remeasured .t dime ,v « nnrdiflcatflun, a change m die lease term. „ change m lire leave payments le.g.. change, lo future payments resubme r,.„„
a vl.a.ige in an index nr rate rived 10 determine such lease payments) or a change in Ibe assessment ol air apiiott purchase the un deriving nsvcl
Iii) Short-term leases uml Iravty at low-vatue assets
the Company a|.plies ll.e short-term leave ............ exemption to us slont-lcm leases |..e„ lllose lenses Uml have a lease lei,,, ol I2 rnomh, or lev, I,.,,,, the eommeneeiueiu dale an.l
d* tot contain u pmchave opio.i.t |i aim applies the lease of low-> aloe novels recognition exempt ion lo lews c*| office equipment that are considered l.. be low value I caw gasmens
un -Vh.in-rcnu leaser, and lease* ol bm-va|ue assets are rceugll tiled a, expense on a Stra.eli1li.ic basts over die lease tcritl-
As a. die balance rtllcct dale, die Company has only shun term leases fa. veluelt exemption has been availed,
i. Illl|l.ilrrt1rnl i»f niiri-finuiicial 21 **i' Ih
The Company iwmu at east, repretm* dale, whether three is an tmlicaiion that an asset may Ik- .mp.tf.cd. If any indieauun cv.sl*. when annual imp.,,,mem test.im lo, an asset ,s
ivipmed, die omnuny eslumte* Hie .isscl s recoverable ann.u.n An asset's rev.ix arable um.runi is Hie Hifther of on asscl's or eash-oeneialint! vmtl's |C(il!l fair value less v.vtv
I vpos.i and uv VH tie ni use Recoverable anumnt Is deleninm-d Ibr an individual asset, unleis ihe asset dives nnt generate cash Inlluwx Iha. are larrteK mdependeitl ol lluwc Imm other
«SCM •« l Ullipum i <»1
Wf.cn the tarrying u.nuunt ofun asset urt.'OU eveeeds lb recoverable umoi.nl, live asset iv e.ins.dereil impaired and rs winter, down lo tu recoverable amount
In luavcssinc valua in Use. It,e culm.,led lulule east. Iluws are dbwoouted to then present value Usmepre-tax discount .ale that rellecfe eurreni .na.hyt asscssmenln ot the rime value ol
nivney and die rule, sprain to live as.ei. In delettrumru ia„ value lew eon. of disposal recent market iransocMons are laker, into aevoum Ifni, such tranweliuns eon bo idenlrlied an
apprv,prime '-alntlUun model is used. Iitese calculation* arc eorrohoriued by v aluation mulliples, rputre.1 share prices lor publicly traded companies or,alter .iy.nlj|,lc Inir value aid.calo.s
The Company haves ,Is oopaumem calcnluli.m on dela.fed bo,lye,s and I'nrecailt caleuUr.ons. rvloci, are prepared vcpararel, |o, earl, of d.e CmpanC, CUUs lo vshlcl, d.e b,div.dual
' Ý' " ' ' .f - JU" bUdSeM "ml loht*“l aei.enilly co e, B pc.ind ttl live years I or longer penods. u long-tern, grewth npc |x vnlculvlled and applted lo preoec. fuln.e
f*T "U1 "V"'" S T0 “rfB*Lle l,r"lcc"olu' b*'"v,'"‘l CMMmI by Ihe MM reccm budget* tbreysat*. The Company cviriipc.la.es easli Haw project I. mn dr the
budged using II .Steady or deelmiUc' crowd, late for UUhrequm. yea,*, u.ilcs* an mcreiKing tale can be jlWilkd. In any case. Ilo* grmvih rare docs uc.i exceed lire ImiR-lerni ai crane grow lb
rale lorilir pool,lets, .mluxlncv, ui'euumry nrcountnc* in wllicli ll.e entity operaies, ot lor dte nilllhct tn which Ihe .re.cl is Used
(rCllcml
Provisions arc lecouinsed wtai llic Cranpnnv ha* j present obligation (Icgtil or iorutructiu:| as j ursull u| a past event, h \% piobabh? lh»l tin oullfow nt fCAOurees embodying cttilfoinic
Ifoliclitx Will he Required In settle llic obltynllun iiml .1 reliable eslimulc can lie itwiiJc uf the utnounl uf the obliunthm. Whan the Company expect* »oim* in till «•!' j piuvUlun to he
reimbursed. lor example, under .111 insurance contract. die remiburxcmcnl is recognised as a scpnrafo duel, hut only when 1 lie reimbursement 15 virtually certain. The expense reluiim: t«v u
provision is presented in live statement ol profit and 1owt ucl of any rciniliurKcmeni
ll Ihc effect ol the tune value ut money is material. pin visum s. jjo discounted using u current pie-ux rale ilmi re fleets, when appiupfitllc. the fbfcks ipccilii to tliu liability When
discunriirng is used, the increase in die prnvtoiun due l»» the pitSMfe uf lime is revugnijHiil 11s a finance ciw.1.
k. Retirement and coher employer liruefiK
Reiiwmrni benefit in the form nf provident Hind is a defined wontnlniimn scheme. The Cnmpany has tin obligation. other tituit tile citniribiition payable to the provided! ftiml. Tike
1 'ompany iccofinweH contnbuliun payable to ihc provident fund scheme as an expense, whim an employee renders the mined service. 11 the conuibultofl payable 10 lhe scheme for
service rcCcned he fore Ihr balance sheet shite exceeds (he contribution iiItcxhIv paid, the il elicit p.iyuhle to ihc vchepH' u recugm/etl as a liability after deducting ihc eutltribillioil ulieady
paid ll the contribution already paid exceeds the conmhiitmn due for service* received before the bnbince sheet dale, then excess is recognised as aat asset to the extent 1I1.11 the pre¬
payment mil lead li*. I in example, a reduction m future payment nr a cash refund
In ac» nr.Jancc with Imlun luu, ihc Company provide* for gratuity. u defined benefit rcuicineni plan (die ~Ciruiiui\ I'turf) covering all employees file (inniuiy Plan provides a lump sum
payment m vested employees on retirement or on tcrnijnafiun of empUiymeni fur an anKuinl based un die respective employee^ salary und llu year* of employment with rlu* \ umpan)
I lie cost oi providing benefits under the defined benefit plan is determined using the projected unit credit method based on nn actuarial valuation performed by .111 independent actuary
Rctiieasiircnicttts, comprising of actuarial twins utu] losses, liver cllcci ol the asset ceiling, excludingamount* included in net infotesi on ihc ucl defined benefit liability und file return nn
plan aiociy (excluding amounts mi eluded in MCI Interest on the riel defined benefit liability), are recognised imntcdiatoly in the balance abort with a cm responding debit m ciadn m
lc I umcil earning?* llkfikiigh <IC| tn live period in which they occur. Re nicas 11 remen is arc not reclassified 10 pxoliL ur lotus. in Mibstii|uefit peruuU and ihc return un plan anseff' lexehlllin#
amounts mi* I Hik'd lit net hucrcsi on net defined lie net'll llahilHyt.
Pasi sen urc ermlj arc reimgitiscd in profit or loss mi tliv cjiIki ol
- Tlid date of the plain umcruhncnl ui cuiiadineiit, mid
• 1 he dale thill Ihc Imiiji.im ic cognises related revimctilling costs.
Net UtkcTeil is c.ilcuUlcd by app King! lie discount rate to the net defined benefit liubility or asset The tViinpauv recognises l ho following changes cii t|u? net defined bcfltflll obligwiion as
an expense Hi fitc iniUolidalcd statement of pod'll and loss:
Service co-»i> eomprwfl^ eutrent .service cuKta. past-sen ice costs, gains und Iujcscs hr curtail me ills and nun ruuluiL' •wllk'iiicnts: and
- Net inlertsi cxptmac nr incimic
Awcnmwhiied leave, which is expected h» be uiilL^cd vi mini tin- ncxi 12 mnnihs, is iivjicU js »bui(-tBmi cmphivce bctwlll. flic I’ompany tn&iauica the expected coil of such absences j>
ihc additional amount that 11 expect* to pay us a rovufi of lhvuntiw?il cfililkitieiil that lias accunminted at the reporting dale TheOrmpany ivcugrizvs expected cuvl ul'sliutt-leim
cnipluyce benefit as un ctpeine, when au employee renders- the lolaced KTvice,
I lie Company tre.d> .tceuinublcd lease expected to be carried forward hcyimd twelve nwinilr- ai loniMenu employee benefit fi»r mcasuicmeiu purpose!*, Such Inng-IOTOI compensalH
absences are prm'idcd for iuiwd on the .icliiariiil saluaimti Untie Ihc projected Unit credit method nt the reporting dote Acfuanal gains-Iukscs are immediately In Iren m die statement ot
profit and Ins.s and nrv nut dulertcd.
l. Slinrc-liuved pnymcnlk
l ltljllupc* Iilieltulltlg Setilut exCeutivcst uf the Company receive rcuitineration m live hmo of shure-based poyincmv, whereby employees raudet service^ as consfdvfTIIto 11 foe vipidv
I nil ruincnN | ev|ulty-sellled Ininsactimisl
C'eftUiti employees ol (lie 1 ompany arc entitled In shales of AceVcelot [tinned I Formerly known as Snapdeal Lhuiicd). ilur holding company, upon llu? axcuivi; ofsioil. option* which
me granted under the smek incentive plan I lie emu iclatcd in stich grariln is raised a> a cbulge by ..WeVctluf Linulcil (Filfmctrly knov\ n as Srupldl Lmiiiedi on the CotnpEfny. w hile die
corresponding credit is recorded as coitfribulj-un to equity from parent. The Holding ( ompany will be responsible h»r scnclmeiii ami die Company do not have any responsibility for
•folllenvnt cil hmployec Slock 1 Ipirnn Schcrw 21119 (risen h) Holding Company Iherefoie. llic IrSOPs lias hern cbvytfiqd six an equity settled slunc-ha sol pjyincni The gram dale lau
v.iliu* uf f SiVP% rdwled 10 vmptnywv »»1 the < ompany are recognised iiv empIoyec’> evpcnw-., over vesting period while the eoneipondmg credit » ircnrdcd a-, contribution to equity
from parent.
Equity Sell led Tran sail tons
The emt ofyqtMty-seuk'il intnscKliatu is determined I35 (lie fait value nt the date when tile pram is made using an appropriiltc s aluaiion model.
I lint cun is recognised, together with a vnneagumlmg imieaM* in *h,ne-buscd puymrni (SHl'i texmiai in uquiiy, overtisv period in which live performance and/or service amJdurns are
fulfilled in employee benefit* expense The cumulative expenw.’ leeuyiiiH’d |nr equity-settled tranwieiiims ;«i each rvp»rting dale until die vesting dale reflect* rhe eveem 10 which the
Vesting pcnud has cxpiictl uml the C’niiqwriy’s best evtuiudc of ihc number of equity inslntmum* dim ivdl uliimwely vest, fhe statement of profit ami loss expense or ennlil for it ivriod
rcpwsenw the iruvvt'iiH'ni in euittubtivc expense recogubal a% at the beu Inn mis. und end of that pernkd and k recognuced 10 empliiyee benefits expense
Service and mm-inujikcl p«*iIortiuinec amdlklons aic not taken into uccounl when determining the grunt date fair value ol uwaids, bill die liliefihood ol die eoniliiinnv hemg iih*i is
asscM-ed js pan ini tJic ('oiiipanv best ChtinUMC til the ttiindta ol equity liiittuiuents Ilia! will Ultiitkabdy *eit Mafiuct performance eoridllions aie rellcctcd within die grant date fair value.
Any other conditions altaclied to att awanl liul vvithmil an Uvmcialcil xcrvwe requircfikcitL -ue considered to be nou xeslmg cumlitioiLs k'oii-tcslmg condition* are rcllceicd in the tail
^ alkie of an aw.ud ami lead to an immediate s-xpensiity of .in award unless ilwre ate ols« service and nt pctfotuiaitee c audition v
No L'xpen.ss is recognised Uir imatih 1 hut do not ulrmuitely vest ke.iiiw nou-nvariet pcrlorrmnec and or service mndition'i hnsc n*»t been md Where awards induce a uunkei m non-
l«Ming cnmlilion. llic lumamnnv are unit'd as vcMed iniNpcrfivc uf whctlfor ihc iti.nU'1 or non sedtifo eoitalitiiin is ialhftcih provtdol tluu all other performance and or scmcc
C«indnioiin ate •.iiistled
^ hen the tellies ol 1111 eqimv set lied award are mmlifiei.1. the minimum cxpt'nw tv cognised i> the expense lud (tie lemw had mil been dtmlilktl. tfllic ottymal forms id the award urr inch
\n additional expense i,x recognised fi»r any iiH»dtfiwation dint inwtcuiH^ the tulsii bur value oftlte ibnm-hasvil payment irntvsicimn.-or is «nlnrrwi*c bvncficml in flu- emplovec- as nwahuied
ji the date ol modification Where jn award is cancelled by the entity ut by the counterparty, any reqiaining element of the lair vjhie ol the flwatii isi expensed imnurUiaieK through profit
ur lui«>
I be dlllitivr cllciM ol oUI-»l»iildine oplmtls 11 rellecfotl a% ailditiiiihal shill e dilution in tile computation ol diluted c.imuigv per share
v tinuncial inMinim-rtl i- U1ty iwtlrde! lint) gives rise In a financial used nl rate enlll) and a liminctnl liability or equity instrument nf (mother entity
Financial .nidi
liriliul revngnMnil and mm.u/rrjirenr
FifllMieiol resets ntc classified. ur inili.il recognition, as subsequent h measured at smturlised cud, lair value llintu^lt other comprehensive itu-nmc ffk'lj, ami lair value through profit nr
liWi. The elassirvain.il uf financial asset.* al tniii.il recogntliun depends ufl the financial duel** cunlrjctual coah lints eharaclcrialics and the Companies business mndel fur managing
llii'tn With the exception oftrade tcceivablc. that do nut cunlinii a significant financing cmnpuncnl ot fur which the C ompany has applied the pmcntal expedient- 'he t 'nmpaity initially
measures .1 financial asset at ns tan value plus, in the ease of A financial asset not al fan value through profit or less, traiweetlun costs Trade receivables tliai do uo| eontuln ,1 signtfirani
financing conipnncni m I'm which the Company lias applied the practical expedient ate measured at the iriinsucltun price ddmimicd under Ind AS US. Kclcr hi the acurunllne policies
in section (ei Kcvemie tcetignifinii
In Oldei fin U finuncial asset In he classified and incusutml at limuriised cast or fait value I Ilf High OC3, II neetls til give rise tu Cash linns Ural ure 'solely payment* in principal aud
interest | SRHI11 on tile principal amount out standing. I In-. us»essmcnt is re fared to as the SHIM ten and n perlntmcd al an iMtnmwni level. Fiflundal assets with cosh Items that ure not
SIMM ate cluv.iticd and measured at tan value through profit or hrss, ItTvapKClWC of the business llttltkl Financial assets classified and measured JI nmuhiscd cost ure lictd niifim a
business iiunlel with the ohiictive In hold litlancial assets m onlct In cnllcer cnptrueimd tuslt fluwt while financial assets classified and titan. 11 ml .it fnir value Ihtmigli ttl i me bald
w tlhitt a business mode I wuh the objective nl hath holding In edited cotttntrhial cash flown and selling.
The Companies business mndel tin managing financial assets refers In hunt it manages us financial assets in order in generate cash flows The business model dcivumties whether cash
flows will result Irani collecting amnacntul each flows <-fHirvg! the financial assets, nr built
I’uicTrtucs or sales n| financial asscl* th.ll regime lie liven nl uvseLs vvitltiiv a little ItJmc established hv regulation nr sinurmron in the umiltel place I regular way tradesj are rccmmiried on
the trade dale. i.c.. die dale i1i.it the Company cunmiils, to purchase 01 cell die asnei
Xuh leigu<w nuamruaurni
Fur purposes ofsahsequent measurement. flmuieial jsseis ate clnsutillcil in Inut . JlegnlK's
-Financial assets at itirlmtised cost (debt insirunieutsl
- h man rial assets m f.itr value I [trough sillier comprehensive inctime 11-\ 11 Vt'ti with ILCS cling ul c urnol.no c n:i irr- .mil los-es iiteln r1-lrlimsMlT1
Fi nun era I .rise is rJcMgnaleil al fair value I III 11 ugh 131 1 unit no recycling uf cuitiuljlivc gains ami hoses upon derecognition icquiiv instruments!
- Finuncial assets m loir value through [imfil or loss
Fiuauciril assets at aninriived cun [tlelii imiriuucnivl
A tinnncul asset is incusuted in the amnrtised cast il'.hoth tile following cnudiliiriW are met:
.11 I he «m«r is held will I an 11 business model vvlmse nbyeciivc is in hold assets for cultccling cohlraeiuul cash ilows. and
b| C oiitracimil nrrms ill The asset give rice tin specified dates 10 cash Hows 1h.1t arc solely payments ofpnneipal and interest iSPIMj on ihc principal amount outstanding
Alter initial mcautirmenl. such financial assets are s ah sequent l> itieutmied at unionised eo.i using the efTcetivr interesl rale tl'lKI inclin'd .Vnunttsed etist is eakat luted bv taking min
account any discount or premium rot avquisilinn and ices or costs that arc an integral pari nl Hie Flit. The I IK amornsan.m is included 111 finance income in the profit m loss The losses
arising Inna impairment ate leengmsed in die profit or loss I he C rUJip.inys financial OSS el. at amnrltsed cost me hides trade rccnvghlc* included under other current tinanciul nssels Ini
more infumralloll on receivable1., reli’r In Note In.
Hminehri assets ul fair value Ihrniigh prcitil nr loss
I \ TIM i. a residual category lor debt insinintems Any debt instrument, w hich docs nor meet lltc cmena lor categorumi mil as al amnrtijsd trod or as FVTOCT. is classified us al FVTHI
I Munrtai assets ji tun value through pinlil at Ins. are»arried rn lltc lualaucc sliccl at lair value with nei change* irr linr value recognised m ilu* staiomenl iifprofll and hiss
In addition, die Company may elect in designate Jtdcbl msmimmi. which oHicrmw mcelv umiuti/ed cajl or ty Hill criteria, as at FVTPl. However, such dec lion is allowed onty il
doing an reduce* m clmiin.itca niCMUCUliieill or icuiguiumi unmiMslciiv y (ttbrM in .1. nciniinlmg iittsmaieh r flic t 'nnip.niv ha. .Ý .1 d.Ý.!Ý.'n.ncd .my ilehl msliuinenl us ul PVI I'l
Ifehl instruments me I ruled within the FVTPl cnlegnry are measured at lair value wi1h all changes 1.-cognised in the HAl Kquity in.innra-nli included within the IVI HI culcgtny ate
IMeaMired al 1im value Willi all changes leeognlacd in the TAT
(terccugnitiim
A financial Itsycl lor. vvlvcte appllcahle. a part nl u financial asset m pari Ufa rnmp.uu ol suntliit financial asscisl IS pthici n ly ds-i ecogniM.il lie teinoved Imm the t ompauv's hulunee
cltcei 1 when:
- The rights in retuisg casll fitrws from lltcasacl Ituve csptrcsl, or
I lie 1 11 nip any has Iran,slurred its ugliis to receive «l.»h flow, fiiuti live ussel nl lias a*.lulled 11U nlrliualinn to pay the leeeived L'lrsl 1 flow • in lull wttllulU imilcrial delay In ,1 thud panv
under 0 ‘pasMhrnuglr airangemvm; and cither 1.11 ihs- C'mupany lias transferred nibstamially all lltc risks and icvsaidii ol’llie asset, ui |b| the Company has ncrltlcr Inttivlcrred 1101
telamcd suhslanliully all the risks and rewards of live assei. but lias li.mslcrred cuiiirnl ol Hie asset
X\ hen live t ompatty it is Iransfcncd ilitighlt In receive cash flow* Itnm ait assei nr ha* entered lulu a pas.-ihtmigli anangemem. n evrduam il and In wltai cvlcnl it lias reioincd the risks
uud rewards s>l immcrsliip yvhenil lias neither Ininslcnrd inn retained suhsinnmdly all ol die risks and rewards nl ihc nssci. nnr Iranslerretl cimtn.1 nl the asset. Hie Company e.miiiincs
in recognise lltc Ifunslitrred UaScl to lltc cstent nl the I'nmpany s emiHmiliiu iiivoIvciik-iiI In tlta! case, die l‘ont|uny also rccngnises an nssociulrd liability. The iTansfciryd assei and Hu
JSsnefalcd liability lire measured .irj a hjsi. Ijul icflucls the rights aild l.bhgaiiult* dull tile Company hits relumeJ
t nmiiitiing imnlicni.nl dial lake, the form ul a giliinmtcc itvet Ihc tmuslerrcd a.sei is ttveasured al lltc lowei wf the original carrying ainmiiir n| die acsei and die masilllllTI! niUnunt ot
considerJlion tliai the Company could lie required 111 repay.
I unhor dittluMjic* rvluHPg i*> Jmfi.ilimcnl ut liniincml anStft* .tu* also (itovklnl >n Hit Inllrming note*.
? [)i'.cln*urc» lor sii*Liificjiii sec 11
? riddcTtcciViihloi and cmilrjcl assets see f^oie III
The Cl imp,my recognises an allowance for eupceied credit lossenECUj lor all debt instruments Itnl held .d loir value through profit or loss, IT'I are h.ised on the difference between
the ceniraciual citsll Hows due in accordance with llte contract .mil ill file cash Flows ilia! the ITiinpdliy aspects to receive, discounted al art ujiprusiintnlon o( lhe original elTeehvc
Ýnlrrc.i ntic I htte*peeled eu.lt Item's will meludr v-is-h flows (rum llte sole ul cidlulvriil held or other credit enhancement. that ate imeuml tu ihe eununciuiiI terms.
IT I> .in- iccnpni.ed in l«" Mneec Fur credit expiwMcs lor winch lltere lute nol iH'c-n a significant increase in credit tick since intiinl Fvcngnilmn. ECU .ire ptuv ulcd I,,i credil Jn»ec Unit
result From default o oils lltai arc pv>..ibk within the item 12-numihs (u li-mmtlh ltd I For those credit c.posurcs for wluch there has been a .significant increase in credit red. ,,„cc
iniiijl recognition. u loss allowance is required fill credit losses Cspeck'd over llte remaining tile ui the c.xpnsurv. iTrcspccncc ni'die tiimnc o|Tllc delaull Ca lifviiiue I I Ll
Fur trade receivable* and eontntd assets, the Company applies a simplified approach tn cahilkilirig fill >. Therefore, die (Tnnpany docs nut luck change. jn credit risk, but hnicnd
I. ,'. i.pnisJr. a lies alhiw.iiii L- based nit lilcliine ECU Ji each reporting dale. The Company lias ctaMhlied a pinviklnii oialiiv dial is based on il> ln,i,,i„.d ercdil loss c-speik-me. adiumcd
tin Jimvuitl-Uwklng liwlurs r-p^-CillL In Ihc tlchlui* .mil lf»r ccomnnic cnviii»nnii!ti!
the ( "tnpam considers a finunmal asscl m dcfliull wlion contractual juymraiU are I SB days pj»l due Unwevei, nt eeruin case's, file Company may also consider ,1 financial asset in be m
dchnrll when internal nt csirmal inhuin.iliun indicates that die Company is imlllc-ly 10 lecelve llu oulManJinu contractual amounts in lull bcluic biking inio .iceoum any cre*lt|
gnhuncanwiilv held by the l ompany A financial asset is written off when there is no reasonable espeetatiun ol recovering live cuuirwmnri cash flows The coinpamiv doc. tun luvc any
purchased or ..rymimed cretin unpaired <l'tXTII linaiycial assets, i-c. financial a.sei. which nrecredd impaired on purchase origination
Financial lia Inti lies
Initial rerngnifton unit wmwnM
I iiuncial liabilities .tie classified. .11 inilial reuiyiiiliuii. as imancTnl liabilities at tun value through praiir of loss, loans and bollow mg., p.iv,tides us appropriate.
Ml linaiict.il hllllilUICC aix recognised initially al Ian value and. in the ease ol loath, and hornming. arid payables, tier ni direcily nnnbimiblc iniiumclli'ill costs
Tile Company-'s linnnciid hah I lilies include Imdeand u||ier payable.
.Vahrifnrnr nirawrrmviti
Fin piirpo.c. of cnbvequcni Tucasiuvrneni, financial liabiline. arc classified ut iwu categoric.:
• Fmaneuil Unlnlilies a I fmr value Itipmch prulii in loss
' Financial li.iluldies p| auintllvcd cnsi iloans and hii|fovving.|
OEIvHliu:! nrliniilul.il ilislruiiivnls
I numeral awl. and llnuncinl hubdilic. me olTset and lire net amount >s reported in die consnlliliiled hnlunce sheet il there-is a ciiircnllj- cn.lbrecahk legal riglii lo nffscl the recognised
aimunih- ,inil lilt'll: Is an inlciuinn In Wlllc on a llc'i bavia, lo realise flic n.sele anil seitlc die lijbitlficS sintulhinvum-ly
< imipiil.nry Coincrilldc Preference Sham IC CPSl
I lie l • nnpajiy lud laisc'd capital hr issuing. Volllpu Ivory CUnsetlible ITelcieilcc Shale* (CCPSi Ihiniigh Senes \ lo Series H As per the tenri- ul LT'I'S. die I. ompallv iloOs ilol have any
lmrh.1, l ohlinatiijiiieouijaeliiaJ obligation n> pay repureluse i 1 |'s ei|iniy Shares in any circumstance's Ihc cim.ei.imiopiums m tl'PS eunsfies need Ý,. rived .iilermn under INI! AS-
.12 unJ lli«:rftit c lI.ia’siIIcii ns equity
n. f'a\|i anil lmi%Ii ripiiialruK
l a si i and easli cvpnvalnil in Ihe l>alaue-c sliecl ........... cavil ill blinks and mi hand and slum tuttn deposit, wilh un uriyinul inatuhiy orduec iiioldhs oi Jew. whieli are jiilileel I,, an
iMfcgltHlCiull riikiil cliiiujics in value.
l -j» llu- purputv* tbl llu* xluteuwfli "l HiMv. ca'.l* .mJ cash «*juivulent». c.»n«Ur ul risIi nrul sliurt-lcnn ikfh^ns, ns ikfiiwU ahuVc. ncl ul nUMamliny bank uvtrrJi;ilb n» ilicv are
Ciaii.-ridmvJ 1111 inlcgnil pan ofilu. I ompany > cajfh nuimgnnciii.
II. 1.ariiiri^% m i ibre
llavie- curl liny, per shaie i. mlculaled by dividing Ihe nel piolii or loss lltlriblil.lhle m VI|UIIV hilidm OlTlolJlhg cimtpatiy (idler dmhicling prefmrncc dividend, and anrihiunhk- Hived hv
llu: Ww’jplned aviTi^c number orcquiih iliaircn uuiRtamlinj; dufinji Ihu pcritul.
I',ml; paid equity sluice are- Healed a. a liuciinu ol an equity abate In file vsleill dial I lie;, are cniillci! lo participate m div idends relalivc lo a lull; paid eqiiuv share during lire rcpnriing
period 1 lie WeicJiied average numtici ul ee|iiitc shares nuiMamlingduring llu- period iv adliivli.nl InrevenLv siieli as l».nus issue bnnris e'leuieul m a rights issue, share splii, an.l reverse
shale Spill lesinvolidaliou ol shares) dial bine changed ihe- number of equity aliares imMaililtne. wllhoUl a eoiies|mn.lnig change in resources. 1
2.3 Recent Pninwiiicrtmiiu
A. 3m and amended iiamlnnli
I lie MmiHryoftorpomie Admirelias notified Companies llndinn Accounting SinndanLsl Amendment Rule,. 21123 dated 31 March 2D23 l<i amend the rullowing Ind AS which arc
effective for iinnuul penruls- beginning on nr,i(let I April 202' I lie I'timpani applied fur the [TrsL-mne lliese nitiunilutenls.
<i) Uhchhurr nl Am......ini; Pnlkrct- Amendments m Iml AS I
%.....crtdnieiiU aim help entities pioviile neemminu policy lltactMtlJWthot Jit mote llsclul liy lepbtmp lilt icxpiii email Ini enlllio. hi disilnse itwle Menilic.im ncciiunillic policies
mill u requirement m disclose their ' material' uccniinllnp policies mid adding guidance mi lum cnldrcs apple the inn apt of nutcnalitv in malitne decisions about nccountins police
disclosures. " " 1
I lie .imcpdnicnls lime Iwd minimal impact Oil lltc t .nnpany's .lilt In vims of accounting puli cits and mi iiiip.m .in |J|t mnuurcmtilt, rchignitinn nr nrcsBnialion nl am items m the
Company » firm nun I jrUiLpmeni*-
(II) I lr H flit in n Ilf Vicuuiitini* frit t i nui 11*% - VlltllirillK'lllt In I ml VS N
Tlic iitncndlnciits clarify ilic dtsiinction Iiutuvii olum^e> in an*: mini in g PStlMWIts Jllld duinjio in acaumlingpolicies and ilic i?ofivc*i«n i»l* errors. Il lias uhti been clarified hnw cntitici
li w iNiMstncihcnl Icdimqiic?. and input* im dcvcJop nu-ininiing wlimalia^
file amendinenis li.td no import on Ilic Company's lin.uiei.il ffiilctmmti.
(11$) Inferred 1 at re la lid tn Mwls and U<ililicv armng from a Single 1 rum act run - Aiwndmeoli to lud .V*S 12
Hie intttmJiiienli n-ifriiM tile scope ol'Ihc initial rccogmliun ctccplmp under lltd AS 12. so lliut il nr, longer applies U. Unniacli.ins Dial give rise to e.|ual iusah|c arid deductible
temporary UitVercnce-S stieli ns lenses
llu I "Plipjnj prcvinuj.lv lOJJfllliOll l.u delcflej U* oil leases on a net hasis A., a, ie.u|| oflhest a ills'Hill I it ills, the rmnpain has Icineniscd a separate deferred lat asset in reluiiiin n> («
lease habiliuev and ll delated las liability in I till turn 111 ih liplil-uf-use assets. Since, ikn» Imlnntes qualify tin offset uv per Hit lequmniwnlt of paragraph 7d ..find AS I2.ihcre it no
impact in the bain me sheet. There was iIhii no impact on lilt opening retained earnings as j| I April 21)22.
It. Standards I is ucdf Notified hut lull vef (Ift'Cttvc
I thru: at*- mi st.tltdiirds dial ant milll'red oml mil yet eH'eeiive ns on Ihc dale
1
or ihc puipos-e of calculating diluted c.inungj per slime, the riel prolll or loss tor the pe-rmd altllbmablc m egimv shareholders „|The h.ilduvp compmiv an.l ihc welehlcd average number
ur.luicn oiiLsi.iiiding dui mg the period are adjusted till like eOeeiu III all dilutive pulenliul equity elure-s
Ac illuming pofie; Jiir inumlaiory eonvciuh|e Iw-Uuinepi is included in FS uppmpi lately as per requirenieiu offtlit AS H, para 21 l Irdman .lures lliui will he iseiied upon die
com ei non ol a Ittiiltdatiitily .onverlihlc inslmmcnl. are included In die ea leu la I ion of basic earning per share" Irion the dale Che eunlrael is enlered into.
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