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No. Name and Address of the company CIN/GLN Associate Shares held Section 1 U.K. Paints (India) Private Limited ''$&RPPHUFLDO&RPSOH[ 8'/ +ROGLQJ .DLODVK&RORQ\([WHQVLRQ 37& 1HZ'HOKL± 2 Berger Becker Coatings Private Limited ''$&RPPHUFLDO&RPSOH[ 8 '/ $VVRFLDWH .DLODVK&RORQ\([WHQVLRQ 37& 1HZ'HOKL± III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES (Contd.) Holding/Subsidiary/ % of Applicable Sl. No. Name and Address of the Company CIN/GLN Associate Shares held Section 3 Berger Nippon Paint Automotive Coatings Private Limited 8'/ $ 2NKOD,QGXVWULDO $VVRFLDWH 49.00 )7& (VWDWH3KDVH,, 1HZ'HOKL± 4 Beepee Coatings Private Limited 3ORW1R*,'&(VWDWH 8*- 37& 6XEVLGLDU\ 100 LL 9LWKDO8G\RJQDJDU.KHGD 005049 *XMDUDW± 5. SBL Specialty Coatings Private Limited )RUPHUO\NQRZQDV6DERR&RDWLQJV3ULYDWH 8&+ 37& /LPLWHG 6&)&DELQ1R)LUVW)ORRU 6XEVLGLDU\ 100 LL 015100 0RWRU0DUNHWDQG&RPPHUFLDO&RPSOH[ 0DQL0DMUD&KDQGLJDUK± Saboo Hesse Wood Coatings Private Limited *UDSKLWH5RDG1&35,QGXVWULDO/D\RXW 8.$ 37& 6XEVLGLDU\ 51 LL 0DKDGHYDSXUD%DQJDORUH 7 Berger Rock Paints Private Limited 8:%37& ³%HUJHU+RXVH´ 6XEVLGLDU\ 51 LL 3DUN6WUHHW.RONDWD Berger Jenson & Nicholson (Nepal) Private Limited 1$ 6XEVLGLDU\ 100 LL ³%HUJHU+RXVH´ 7LNXQH.RWHVKZRU .DWKPDQGX±1HSDO 9 Berger Paints (Cyprus) Limited 7KDVRX'DGDODZ+RXVH 1$ 6XEVLGLDU\ 100 LL 3&1LFRVLD&\SUXV 10 Lusako Trading Limited 7KDVRX'DGDODZ+RXVH3& 1$ 6XEVLGLDU\ 100 LL 1LFRVLD&\SUXV 8.3DLQWV ,QGLD 3ULYDWH/WGH[HUFLVHVRUFRQWUROV LHPRUHWKDQRQHKDOI RIWKHWRWDOVKDUHFDSLWDORI%HUJHU3DLQWV,QGLD/LPLWHG DORQJZLWKLWVVXEVLGLDU\FRPSDQLHVQDPHO\ % holding D 8.3DLQWV ,QGLD 3ULYDWH/WG E -HQVRQ 1LFKROVRQ $VLD /WG8. >ZKROO\RZQHGVXEVLGLDU\RIDQGQRPLQHH VKDUHKROGHURI%-1+ROGLQJV , /LPLWHG ³%-1´ %-1LVDZKROO\RZQHGVXEVLGLDU\RI 8.3DLQWV2YHUVHDV/LPLWHGZKLFKLQWXUQ LVDZKROO\RZQHGVXEVLGLDU\RI 8.3DLQWV ,QGLD 3YW/WG@ F :DQJ,QYHVWPHQW)LQDQFH3YW/WG G &LWODQG&RPPHUFLDO&UHGLWV/WG 39 Notes: %ROL[6$3RODQGLVDZKROO\RZQHGVXEVLGLDU\RI/XVDNR7UDGLQJ/LPLWHG%ROL[8.5$,1$VS]RR8NUDLQH%8,/'±75$'( VS]RR3RODQG6ROWKHUP([WHUQDO,QVXODWLRQV/LPLWHG8QLWHG.LQJGRP6ROWKHUP,QVRODWLRQV7KHUPLTXH([WHULHXUH)UDQFHDUHIRXU VXEVLGLDULHVRI%ROL[6$3RODQGDQG6XUH¿UH0DQDJHPHQW6HUYLFHV/LPLWHG8. 606 LVD-RLQW9HQWXUH %HUJHU3DLQWV2YHUVHDV/LPLWHG5XVVLDLVDZKROO\RZQHGVXEVLGLDU\RI%HUJHU3DLQWV &\SUXV /LPLWHG IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity) (i) Category-wise Share Holding No. of Shares (face value of `1/-) held at the No. of Shares ( face value of `1/-) held at the % Category beginning of the year (01.04.2018) end of the year (31.03.2019) Change of % of % of during Shareholders Demat Physical Total Total Demat Physical Total Total the Year Shares Shares A. Promoters (1) Indian D ,QGLYLGXDO+8) 0 3.32 0 3.32 0.00 E &HQWUDO*RYW V F 6WDWH*RYW V G %RGLHV&RUSRUDWH 0 0 0.00 H %DQNV)LQDQFLDO ,QVWLWXWLRQV (f) Others Sub-total (A)(1) 587487919 0 587487919 60.50 587487919 0 587487919 60.50 0.00 (2) Foreign D 15,V,QGLYLGXDOV E 2WKHU,QGLYLGXDOV F %RGLHV&RUSRUDWH 0 14.49 0 G %DQNV), H $Q\RWKHUV Sub-total (A) (2) 140656782 0 140656782 14.49 140656782 0 140656782 14.48 (-)0.01 Total Share holding of Promoter & Promoter 728144701 0 728144701 74.99 728144701 0 728144701 74.98 (-)0.01 Group (A) = (A)(1)+(A) (2) B. Public Share holding 1. Institutions D 0XWXDO)XQGV 4410 1.45 4410 (+) 1.03 E %DQNV)LQDQFLDO 0.10 ,QVWLWXWLRQV F &HQWUDO*RYW V G 6WDWH*RYW V H 9HQWXUH&DSLWDO )XQGV I ,QVXUDQFH&RPSDQLHV 0 1.95 0 1.54 J )RUHLJQ,QVWLWXWLRQDO 0 4.92 40121422 0 40121422 4.13 ,QYHVWRUV ),, 40 (i) Category-wise Share Holding (Contd.): No. of Shares (face value of `1/-) held at the No. of Shares (face value of ` 1/-) held at the % Category beginning of the year (01.04.2018) end of the year (31.03.2019) Change of % of % of during Shareholders Demat Physical Total Total Demat Physical Total Total the Year Shares Shares K )RUHLJQ9HQWXUH &DSLWDO)XQGV L )RUHLJQ3RUWIROLR 0 5.73 0 5.44 ,QYHVWRUV M $OWHUQDWLYH 0 0.09 0 0.14 (+) 0.05 ,QYHVWPHQW)XQG Sub-total (B)(1) 138333821 19798 138353619 14.24 134075583 19798 134095381 13.81 (-) 0.43 B 2. Non- Institutions D %RGLHV&RUSRUDWH L ,QGLDQ 1.95 24005939 (+) 0.53 LL 2YHUVHDV E ,QGLYLGXDOV (i) ,QGLYLGXDOVKDUH KROGHUVKROGLQJ 70497999 QRPLQDOVKDUH FDSLWDOXSWR`ODNK (ii) ,QGLYLGXDOVKDUH KROGHUVKROGLQJ 0 0.40 0 QRPLQDOVKDUHFDSLWDO LQH[FHVVRI`ODNK F 2WKHUV VSHFLI\ 1. NRI 322939 0.25 314204 (+) 0.03 &OHDULQJ0HPEHU 0 0.04 570430 0 570430 (+) 0.02 3. OCB 7UXVW 0 0.14 )RUHLJQ1DWLRQDO ,(3)$& 0 0 (+) 0.03 8QFODLPHG 1241435 0 1241435 0.13 954035 0 954035 0.1 6XVSHQVH$& Sub-total (B)(2) 92871700 11661408 104533108 10.77 99821331 9068298 108889629 11.21 (+) 0.44 B. Total Public Share holding 231205521 11681206 242886727 25.01 233896914 9088096 242985010 25.02 (+) 0.01 (B)=(B)(1)+(B)(2) TOTAL(A) +(B) 959350222 11681206 971031428 100.00 962041615 9088096 971129711 100.00 0.00 C. Shares held by Custodian for GDRs &ADRs Grand Total (A) +(B) +(C) 959350222 11681206 971031428 100.00 962041615 9088096 971129711 100.00 0.00 41 (ii) Share holding of Promoters Shareholding at the beginning of the year Shareholding at the end of the year % of Shares % of Shares % of total % of total Sl. No. of Pledged No. of Pledged Shareholder’s Shares Shareholder’s Shares No. Shares encumbered Shares encumbered Name of the Name of the (F.V. ` 1/-) to total (F.V. `1/-) to total Company Company Shares Shares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³%-1´ %-1LVDZKROO\RZQHGVXEVLGLDU\RI8.3DLQWV 2YHUVHDV/LPLWHGZKLFKLQWXUQLVDZKROO\RZQHGVXEVLGLDU\RI8.3DLQWV ,QGLD 3YW/WG 42 (iii) Change in Promoters’ Share holding (please specify, if there is no change) Shareholding at the Cumulative Shareholding Sl. beginning of the year during the year Shareholder’s Name No. No. of Shares % of total Shares No. of Shares % of total Shares (F.V. `1/-) of the Company (F.V. `1/-) of the Company 1. 8.3DLQWV ,QGLD 3ULYDWH/WG 50.11 50.11 2. -HQVRQ 1LFKROVRQ $VLD /WG8. 14.49 3. &LWODQG&RPPHUFLDO&UHGLWV/WG 4. :DQJ,QYHVWPHQW)LQDQFH/WG 3.07 3.07 5. %LJJ,QYHVWPHQW )LQDQFH3YW/WG 7952420 7952420 0HHWD'KLQJUD 999999 0.10 999999 0.10 7. 9LQX'KLQJUD *XUEDFKDQ6LQJK'KLQJUD 0.25 0.25 9. .XOGLS6LQJK'KLQJUD 0.57 0.57 10. ZKROO\RZQHGVXEVLGLDU\RIDQGQRPLQHHVKDUHKROGHURI%-1+ROGLQJV , /LPLWHG ³%-1´ %-1LVDZKROO\RZQHGVXEVLGLDU\RI8.3DLQWV 2YHUVHDV/LPLWHGZKLFKLQWXUQLVDZKROO\RZQHGVXEVLGLDU\RI8.3DLQWV ,QGLD 3YW/WG (iv) Share holding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs): Shareholding at the Cumulative Shareholding beginning of the year during the year Sl. For each of the Top No. 10 Shareholders % of total % of total No. of Shares Shares of the No. of Shares Shares of the Company Company 1. NALANDA INDIA FUND LIMITED D $WWKHEHJLQQLQJRIWKH\HDU E &KDQJHVGXULQJWKH\HDU Date Reason 04/01/2019 6DOH 1270000 0.13 45449295 11/01/2019 6DOH 5400000 40049295 4.12 25/01/2019 6DOH 975000 0.10 39074295 4.02 F $WWKHHQGRIWKH\HDU 31/03/2019 39074295 4.02 43 (iv) Share holding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs): (Contd.) Shareholding at the Cumulative Shareholding beginning of the year during the year Sl. For each of the Top No. 10 Shareholders % of total % of total No. of Shares Shares of the No. of Shares Shares of the Company Company 2. THE NEW INDIA ASSURANCE COMPANY LIMITED D $WWKHEHJLQQLQJRIWKH\HDU 0.91 0.91 E &KDQJHVGXULQJWKH\HDU Date Reason 6DOH 100000 0.01 0.90 6DOH 200000 0.02 6DOH 330000 0.03 6DOH 400000 0.04 6DOH 50000 0.01 6DOH 122129 0.01 7591541 0.79 6DOH 0.01 6DOH 30000 0.00 6DOH 270000 0.03 0.75 6DOH 40000 0.01 0.74 6DOH 0.03 0.71 F $WWKHHQGRIWKH\HDU 31/03/2019 0.71 3. SPAN INDIA PRIVATE LIMITED D $WWKHEHJLQQLQJRIWKH\HDU 0.71 0.71 E &KDQJHVGXULQJWKH\HDU Date Reason 6DOH 0.01 0.71 %X\ 10000 0.00 0.71 %X\ 0.00 0.71 %X\ 0.01 0.72 F $WWKHHQGRIWKH\HDU 31/03/2019 0.72 4. BNY MELLON TRUST AND DEPOSITARY(UK) LIMITED AS TRUSTEE FOR ST. JAMES’S PLACE EMERGING MARKETS EQUITY UNIT TRUST MANAGED BY WASATCH ADVISORS INC D $WWKHEHJLQQLQJRIWKH\HDU 5219071 0.53 5219071 0.53 E &KDQJHVGXULQJWKH\HDU Date Reason %X\ 0.01 0.54 %X\ 0.00 0.54 44 (iv) Share holding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs): (Contd.) Shareholding at the Cumulative Shareholding beginning of the year during the year Sl. For each of the Top No. 10 Shareholders % of total % of total No. of Shares Shares of the No. of Shares Shares of the Company Company E &KDQJHVGXULQJWKH\HDU Date Reason 6DOH 0.02 5123303 0.52 6DOH 0.03 0.49 6DOH 0.24 0.25 6DOH 0.05 0.02 6DOH 0.11 0.09 6DOH 0.09 F $WWKHHQGRIWKH\HDU 31/03/2019 1LO 1LO 5. LIFE INSURANCE CORPORATION OF INDIA D $WWKHEHJLQQLQJRIWKH\HDU 0.49 0.49 E &KDQJHVGXULQJWKH\HDU 1LO 1LO 1LO 1LO F $WWKHHQGRIWKH\HDU 0.49 6. WASATCH INTERNATIONAL GROWTH FUND D $WWKHEHJLQQLQJRIWKH\HDU 0.41 0.41 E &KDQJHVGXULQJWKH\HDU Date Reason 6DOH 51570 0.01 0.40 6DOH 0.02 6DOH 0.01 3599405 0.37 6DOH 0.02 3401325 0.35 6DOH 0.01 0.34 F $WWKHHQGRIWKH\HDU 31/03/2019 0.34 7. GENERAL INSURANCE CORPORATION OF INDIA D $WWKHEHJLQQLQJRIWKH\HDU 3900000 0.40 3900000 0.40 E &KDQJHVGXULQJWKH\HDU Date Reason 6DOH 200000 0.02 3700000 6DOH 100000 0.01 0.37 6DOH 100000 0.01 3500000 6DOH 100000 0.01 3400000 0.35 6DOH 0.00 0.35 6DOH 0.01 3300000 0.34 6DOH 50000 0.01 3250000 0.33 45 (iv) Share holding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs): (Contd.) Shareholding at the Cumulative Shareholding beginning of the year during the year Sl. For each of the Top No. 10 Shareholders % of total % of total No. of Shares Shares of the No. of Shares Shares of the Company Company E &KDQJHVGXULQJWKH\HDU Date Reason 6DOH 0.02 3077402 0.31 6DOH 7402 0.02 3000000 0.31 6DOH 219052 0.02 0.29 6DOH 100000 0.01 F $WWKHHQGRIWKH\HDU 31/03/2019 8. VANGUARD EMERGING MARKETS STOCK INDEX FUND, A SERIES OF VANGUARD INTERNATIONAL EQUITY INDEX FUNDS D $WWKHEHJLQQLQJRIWKH\HDU 0.40 0.40 E &KDQJHVGXULQJWKH\HDU Date Reason 6DOH 0.00 0.40 6DOH 10032 0.00 0.40 6DOH 7920 0.00 0.40 6DOH 7920 0.01 0.39 6DOH 0.00 0.39 6DOH 0.00 3799703 0.39 6DOH 0.00 0.39 6DOH 0.00 0.39 %X\ 0.00 0.39 %X\ 17277 0.00 3791005 0.39 %X\ 0.00 3799422 0.39 %X\ 23922 0.00 0.39 01/02/2019 %X\ 0.00 0.39 %X\ 57972 0.01 3903994 0.40 15/02/2019 %X\ 0.00 0.40 29/03/2019 %X\ 0.00 3927350 0.40 F $WWKHHQGRIWKH\HDU 31/03/2019 3927350 0.40 9. FRANKLIN INDIA SMALLER COMPANIES FUND D $WWKHEHJLQQLQJRIWKH\HDU 0.37 0.37 E &KDQJHVGXULQJWKH\HDU Date Reason 6DOH 50000 0.01 (iv) Share holding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs): (Contd.) Sl. For each of the Top Shareholding at the Cumulative Shareholding No. 10 Shareholders beginning of the year during the year % of total % of total No. of Shares Shares of the No. of Shares Shares of the Company Company E &KDQJHVGXULQJWKH\HDU Date Reason 6DOH 50000 0.00 6DOH 50000 0.01 0.35 F $WWKHHQGRIWKH\HDU 31/03/2019 0.35 10. SPAN HOLDINGS PVT. LTD. D $WWKHEHJLQQLQJRIWKH\HDU E &KDQJHVGXULQJWKH\HDU Date Reason 6DOH 10000 0.00 6DOH 35573 0.00 6DOH 12500 0.00 6DOH 12253 0.00 F $WWKHHQGRIWKH\HDU 31/03/2019 11. UTI-EQUITY FUND D $WWKHEHJLQQLQJRIWKH\HDU 0.15 0.15 E &KDQJHVGXULQJWKH\HDU Date Reason %X\ 0.23 %X\ 100000 0.01 0.24 %X\ 30000 0.00 0.24 %X\ 0.01 0.25 %X\ 100000 0.01 %X\ 0.02 %X\ 75000 0.01 0.29 %X\ 150000 0.02 0.31 %X\ 0.00 0.31 01/02/2019 %X\ 50000 0.01 0.32 %X\ 0.01 0.33 15/02/2019 %X\ 140135 0.01 0.34 22/02/2019 %X\ 510000 0.05 0.39 01/03/2019 %X\ 250000 0.03 0.42 F $WWKHHQGRIWKH\HDU 31/03/2019 0.42 47 (v) Share holding of Directors and Key Managerial Personnel as on 31st March, 2019): Shareholding at the Cumulative Shareholding beginning of the year during the year Sl. For each of the No. Directors and KMPs % of total % of total No of Shares Shares of the No of Shares Shares of the Company Company 1. Mr Kuldip Singh Dhingra* D $WWKHEHJLQQLQJRIWKH\HDU 0.57 0.57 E &KDQJHVGXULQJWKH\HDU 1LO 1LO 1LO 1LO F $WWKHHQGRIWKH\HDU 0.57 2. Mr Gurbachan Singh Dhingra* D $WWKHEHJLQQLQJRIWKH\HDU 0.25 0.25 E &KDQJHVGXULQJWKH\HDU 1LO 1LO 1LO 1LO F $WWKHHQGRIWKH\HDU 0.25 3. Mr Abhijit Roy D $WWKHEHJLQQLQJRIWKH\HDU 0.01 0.01 E &KDQJHVGXULQJWKH\HDU Date Reason (623 0.00 0.01 F $WWKHHQGRIWKH\HDU 31/03/2019 0.01 4. Mr Srijit Dasgupta D $WWKHEHJLQQLQJRIWKH\HDU 0.01 0.01 E &KDQJHVGXULQJWKH\HDU Date Reason (623 0.00 0.01 F $WWKHHQGRIWKH\HDU 31/03/2019 0.01 5. Mr Kamal Ranjan Das D $WWKHEHJLQQLQJRIWKH\HDU 0.01 0.01 E &KDQJHVGXULQJWKH\HDU 1LO 1LO 1LO 1LO F $WWKHHQGRIWKH\HDU 0.01 6. Mr Pulak Chandan Prasad D $WWKHEHJLQQLQJRIWKH\HDU 1LO 1LO 1LO 1LO E &KDQJHVGXULQJWKH\HDU 1LO 1LO 1LO 1LO F $WWKHHQGRIWKH\HDU 1LO 1LO 1LO 1LO 7. Mr Naresh Gujral D $WWKHEHJLQQLQJRIWKH\HDU 7000 0.00 7000 0.00 E &KDQJHVGXULQJWKH\HDU 1LO 1LO 1LO 1LO F $WWKHHQGRIWKH\HDU 7000 0.00 (v) Share holding of Directors and Key Managerial Personnel as on 31st March, 2019): (Contd.) Sl. For each of the Shareholding at the Cumulative Shareholding No Directors and KMPs beginning of the year during the year % of total % of total No of Shares Shares of the No of Shares Shares of the Company Company 8. Mr Dhirendra Swarup D $WWKHEHJLQQLQJRIWKH\HDU 1LO 1LO 1LO 1LO E &KDQJHVGXULQJWKH\HDU 1LO 1LO 1LO 1LO F $WWKHHQGRIWKH\HDU 1LO 1LO 1LO 1LO 9. Mr Gopal Krishna Pillai D $WWKHEHJLQQLQJRIWKH\HDU 1LO 1LO 1LO 1LO E &KDQJHVGXULQJWKH\HDU 1LO 1LO 1LO 1LO F $WWKHHQGRIWKH\HDU 1LO 1LO 1LO 1LO 10. Ms Rishma Kaur D $WWKHEHJLQQLQJRIWKH\HDU E &KDQJHVGXULQJWKH\HDU 1LO 1LO 1LO 1LO F $WWKHHQGRIWKH\HDU 11. Mr Kanwardip Singh Dhingra D $WWKHEHJLQQLQJRIWKH\HDU E &KDQJHVGXULQJWKH\HDU 1LO 1LO 1LO 1LO F $WWKHHQGRIWKH\HDU 12. Mr Aniruddha Sen D $WWKHEHJLQQLQJRIWKH\HDU 37523 0.00 37523 0.00 E &KDQJHVGXULQJWKH\HDU Date Reason (623 0.00 0.00 F $WWKHHQGRIWKH\HDU 31/03/2019 0.00 13. Mr Anoop Hoon @ D $WWKHEHJLQQLQJRIWKH\HDU 1LO 1LO 1LO 1LO E &KDQJHVGXULQJWKH\HDU 1LO 1LO 1LO 1LO F $WWKHHQGRIWKH\HDU 1LO 1LO 1LO 1LO 14. Mrs Sonu Halan Bhasin @ D $WWKHEHJLQQLQJRIWKH\HDU 1LO 1LO 1LO 1LO E &KDQJHVGXULQJWKH\HDU 1LO 1LO 1LO 1LO F $WWKHHQGRIWKH\HDU 1LO 1LO 1LO 1LO 'RHVQRWLQFOXGHVKDUHVKHOGE\0HVVUV.XOGLS6LQJK'KLQJUDDQG*XUEDFKDQ6LQJK'KLQJUDDV6HWWORU7UXVWHHRI.6')DPLO\7UXVWDQG*%6'KLQJUD)DPLO\7UXVWUHVSHFWLYHO\ #0U$QRRS+RRQDQG0UV6RQX+DODQ%KDVLQZHUHDSSRLQWHGDV$GGLWLRQDODQG,QGHSHQGHQW'LUHFWRUVRIWKH&RPSDQ\ZHIVW)HEUXDU\ 7KH\GRQRWKHOGDQ\VKDUHVRIWKH&RPSDQ\ 49 (v) INDEBTEDNESS ,QGHEWHGQHVVRIWKH&RPSDQ\LQFOXGLQJLQWHUHVWRXWVWDQGLQJDFFUXHGEXWQRWGXHIRUSD\PHQW (`in Crore) Secured Loans Unsecured Total Deposits excluding deposits Loans Indebtedness Indebtedness at the beginning of the Financial Year i.e.on 01.04.2018 L 3ULQFLSDO$PRXQW 143.27 143.27 LL ,QWHUHVWGXHEXWQRWSDLG LLL ,QWHUHVWDFFUXHGEXWQRWGXH Total (i+ii+iii) 143.27 - - 143.27 &KDQJHLQ,QGHEWHGQHVVGXULQJWKH¿QDQFLDO \HDU $GGLWLRQ 5HGXFWLRQ 1HW&KDQJH 72.11 Indebtedness at the end of the Financial Year i.e.on 31.03.2019 L 3ULQFLSDO$PRXQW 130.34 215.34 LL ,QWHUHVWGXHEXWQRWSDLG LLL ,QWHUHVWDFFUXHGEXWQRWGXH 0.04 0.04 Total (i+ii+iii) 130.38 85.00 - 215.38 (vi) REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL $5HPXQHUDWLRQWR0DQDJLQJ'LUHFWRU:KROHWLPH'LUHFWRUVDQGRU0DQDJHU Name of MD/WTD/Manager Sl. Particulars of Mr Kanwardip Singh Total Amount No. Remuneration Mr Abhijit Roy (MD, Ms Rishma Kaur Dhingra (Executive CEO & KMP) (Executive Director )* Director )* 1. *URVVVDODU\ (`) (`) (`) (`) D 6DODU\DVSHUSURYLVLRQV FRQWDLQHGLQVHFWLRQ RIWKH,QFRPHWD[$FW E 9DOXHRISHUTXLVLWHV XV ,QFRPHWD[$FW F 3UR¿WVLQOLHXRIVDODU\ XQGHU6HFWLRQ ,QFRPH 7D[$FW 2. 6WRFN2SWLRQ ± ± 3. 6ZHDW(TXLW\ ± ± ± 50 $5HPXQHUDWLRQWR0DQDJLQJ'LUHFWRU:KROHWLPH'LUHFWRUVDQGRU0DQDJHU &RQWG Name of MD/WTD/Manager Sl. Particulars of Mr Kanwardip Singh Mr Abhijit Roy (MD, Ms Rishma Kaur Total Amount No. Remuneration Dhingra (Executive CEO & KMP) (Executive Director )* Director )* &RPPLVVLRQ 4. DVRISUR¿W ± ± RWKHUVVSHFLI\ 5. 2WKHUVSOHDVHVSHFLI\ ± ± ± Total (A) 3,16,74,522 45,48,621 42,37,427 4,04,60,570 &HLOLQJDVSHUWKH$FW ,QWHUPVRIWKHSUHVFULEHG)RUPWKHVDODU\LVJLYHQDVSHUWKHSURYLVLRQVRIUHOHYDQWVHFWLRQVRIWKH,QFRPH7D[$FW 7KHUHPXQHUDWLRQRIWKH'LUHFWRUV DVVKRZQHOVHZKHUHLQ'LUHFWRUV¶5HSRUWDQG)LQDQFLDO6WDWHPHQWDUHGHWHUPLQHGLQDFFRUGDQFHZLWKWKHUHOHYDQWSURYLVLRQVRIWKH&RPSDQLHV$FW )RUUHPXQHUDWLRQRI.H\0DQDJHULDO3HUVRQQHOSOHDVHVHHLWHP&EHORZ B. REMUNERATION TO OTHER DIRECTORS: (`in Crore) Particulars of Name of Directors Remuneration Total Mr Kamal Mr Pulak Mr Mr Gopal Mr Mr Mrs Sonu 1. Independent Amount Ranjan Chandan Dhirendra Krishna Naresh Anoop Halan Directors Das Prasad Swarup Pillai Gujral Hoon Bhasin )HHIRUDWWHQGLQJ %RDUG&RPPLWWHH ± ± ± 0HHWLQJV &RPPLVVLRQ 2WKHUVSOHDVH ± ± ± VSHFLI\ 7RWDO 3,16,000 – 7,42,000 7,36,000 7,28,000 – – 25,22,000 Mr 2. 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OTHER OFFICERS IN DEFAULT 3HQDOW\ 1LO 1LO 1LO 1LO 1LO 3XQLVKPHQW 1LO 1LO 1LO 1LO 1LO &RPSRXQGLQJ 1LO 1LO 1LO 1LO 1LO 52 ANNEXURE 2 REPORT ON CSR ACTIVITIES/INITIATIVE $EULHIRXWOLQHRIWKH&RPSDQ\¶V&653ROLF\FDQEHYLHZHGDWWKHIROORZLQJZHEOLQNhttps://www.bergerpaints.com/about-us/csr-policy.html 53 ,QWKHFRXUVHRI³5HFRJQLWLRQRI3ULRU/HDUQLQJ´FHUWL¿FDWHVZHUHJUDQWHGWRWKRVHZKRKDGDFTXLUHGVNLOOVLQIRUPDOO\RUE\GLQWRI H[SHULHQFH7KH\ZHUHWKHQUHFRJQLVHGZLWKDIRUPDOFHUWL¿FDWHWKURXJKWKHL7UDLQVLQ.RONDWD.HUDODDQG*XZDKDWL0RELOHL7UDLQV ZHUHDOVRXVHGIRUWKHSURFHVV$ERXWSDLQWHUVJRWFHUWL¿HGVRIDU 3DLQWHUVZKRZHUHUHFRJQLVHGWKURXJKWKLVSURFHVVZRXOGEHDEOHWRDOLJQH[LVWLQJNQRZOHGJHDQGVNLOOVZLWK1DWLRQDO6NLOOV4XDOL¿FDWLRQ )UDPHZRUN 164) L7UDLQFHUWL¿FDWHZDVFREUDQGHGZLWK1DWLRQDO6NLOO'HYHORSPHQW&RUSRUDWLRQ 16'& 6NLOO,QGLD3DLQWVDQG &RDWLQJ6NLOO&RXQFLO0RVWRIWKHL7UDLQVZHUHDI¿OLDWHGWR16'&WKURXJK3DLQWV &RDWLQJV6NLOO&RXQFLO ,Q SDUWQHUVKLS ZLWK ,QGLDQ 3DLQW $VVRFLDWLRQ ,3$ DQG 1DWLRQDO 6NLOO 'HYHORSPHQW &RUSRUDWLRQ 16'& WKH &RPSDQ\ WUDLQHG 5HJLRQDO¿QDOLVWVIRUWKH1DWLRQDO6NLOOV&RPSHWLWLRQµ,QGLD6NLOOV¶KHOGLQ$HUR&LW\'HOKL7KH\ZHUHVXEVHTXHQWO\WUDLQHG DW WKH .RONDWD L7UDLQ IRU HQKDQFLQJ WKHLU VNLOOV 7KH EHVW DPRQJ WKHP ZLOO UHSUHVHQW ,QGLD LQ WKH ZRUOG VNLOOV FRPSHWLWLRQ WR EH KHOGLQ5XVVLD $VUHSRUWHGODVWWLPHWKHODXQFKRI0RELOHL7UDLQ&HQWUHV YDQV DVSDUWRIWKH&RPSDQ\¶V&65DFWLYLW\IRUWUDLQLQJRIXQVNLOOHGDQG VHPLVNLOOHGSHUVRQVLQSDLQWLQJZDVLQIXOOVZLQJDQGKDYHEHHQVXFFHVVIXOLQLWVUHDFKWRIDUÀXQJDUHDV$OO0RELOHL7UDLQVDUHIXOO\ HTXLSSHGZLWKUHTXLUHGWRROVIRUWUDLQLQJ 7KHIROORZLQJLVWKHVWDWXVRIRWKHUPRELOHL7UDLQVDVRQ Sr. No. Mobile iTrain Centre Status 1 .RONDWD 2SHUDWLRQDO 2 'XUJDSXU 2SHUDWLRQDO 3 &XWWDFN 2SHUDWLRQDO 4 *KD]LDEDG 2SHUDWLRQDO 5 5DQFKL 2SHUDWLRQDO 9LVDNKDSDWQDP 2SHUDWLRQDO 7 3XQH 2SHUDWLRQDO 5DMNRW 2SHUDWLRQDO 9 .DQQXU 2SHUDWLRQDO 10 .ROODP 2SHUDWLRQDO 11 /XFNQRZ 8QGHUSUHSDUDWLRQ 12 *XZDKDWL 2SHUDWLRQDO 13 +XEOL 2SHUDWLRQDO $YHUDJHQHWSUR¿WRIWKH&RPSDQ\IRUWKHODVWWKUHH\HDUV ` FURUH 3UHVFULEHG&65([SHQGLWXUH WZRSHUFHQWRIWKHDYHUDJHQHWSUR¿WIRUWKHODVWWKUHH\HDUV ` FURUH Details of amount spent on CSR activities during the year 2018-19: 7RWDODPRXQWWREHVSHQWIRUWKH¿QDQFLDO\HDU ` FURUH $PRXQWVSHQW `FURUH $PRXQWXQVSHQWLIDQ\ 1,/ 54 Manner in which the amount was spent during the Financial Year is detailed below: 12 3 4 5 7 CSR project Sector in Projects / Amount outlay Amount spent on the Cumulative Amount or activity which the Programmes (budget) projects or programmes Expenditure spent: direct LGHQWL¿HG Project is 1. Local area or project or sub-heads: upto the or through covered other program wise 1. Direct Expenditure reporting implementing period agency 2. State and district on projects or where projects or programmes programmes were 2. 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AUDIT COMMITTEE: The Composition of the Audit Committee as on 31st March, 2019 was as follows: 0U'KLUHQGUD6ZDUXS±&KDLUPDQ 0U*XUEDFKDQ6LQJK'KLQJUD 0U3XODN&KDQGDQ3UDVDG 0U.DPDO5DQMDQ'DV 0U*RSDO.ULVKQD3LOODL 0U$QLUXGGKD6HQ±6HFUHWDU\ 7KH$XGLW&RPPLWWHHRIWKH%RDUGZDVUHFRQVWLWXWHGRQWK$SULO DQGFXUUHQWO\LWFRPSULVHVWKHIROORZLQJ0HPEHUV 0U'KLUHQGUD6ZDUXS±&KDLUPDQ 0U*XUEDFKDQ6LQJK'KLQJUD 0U3XODN&KDQGDQ3UDVDG 0U.DPDO5DQMDQ'DV 0U*RSDO.ULVKQD3LOODL 0UV6RQX+DODQ%KDVLQ DSSRLQWHGZHIWK$SULO 0U$QLUXGGKD6HQ±6HFUHWDU\ 7KHWHUPVRIUHIHUHQFHRIWKH$XGLW&RPPLWWHHFRYHUWKHPDWWHUVVSHFL¿HGXQGHU5HJXODWLRQ DQG3DUW&RI6FKHGXOH,,RIWKH /LVWLQJ5HJXODWLRQVUHDGZLWK6HFWLRQRIWKH$FW 5ROHV 5HVSRQVLELOLWLHVRIWKH$XGLW&RPPLWWHHLQFOXGHVLQWHUDOLDWKHIROORZLQJ 2YHUVHHLQJWKH)LQDQFLDO5HSRUWLQJSURFHVV 'LVFORVXUHRI¿QDQFLDOVWDWHPHQWV 79 5HFRPPHQGLQJDSSRLQWPHQWUHPRYDORIH[WHUQDO$XGLWRUVDQG¿[LQJWKHLUUHPXQHUDWLRQ 5HYLHZLQJWKHTXDUWHUO\DQGDQQXDO¿QDQFLDOVWDWHPHQWVEHIRUHVXEPLVVLRQWRWKH%RDUG 5HYLHZLQJWKHDGHTXDF\RIWKHLQWHUQDODXGLWIXQFWLRQLQFOXGLQJWKHVWUXFWXUHDQGVWDI¿QJRIWKHLQWHUQDODXGLWGHSDUWPHQW (QVXULQJDGHTXDF\RIWKHLQWHUQDOFRQWUROV\VWHP 5HYLHZLQJ¿QGLQJVRILQWHUQDOLQYHVWLJDWLRQV 'LVFXVVLQJWKHVFRSHRIDXGLWZLWKLQWHUQDODXGLWRUV 5HYLHZLQJWKH&RPSDQ\¶V¿QDQFLDODQGULVNPDQDJHPHQWSROLFLHVORRNLQJLQWRUHDVRQVIRUVXEVWDQWLDOGHIDXOWVLIDQ\RI QRQSD\PHQWWRVWDNHKROGHUV *UDQWLQJRPQLEXVDSSURYDOIRUDQ\PDWHULDOUHODWHGSDUW\WUDQVDFWLRQVSURSRVHGWREHHQWHUHGE\WKH&RPSDQ\XQGHUVHFWLRQ RIWKH&RPSDQLHV $PHQGPHQW$FW )RXUUHVROXWLRQVE\FLUFXODWLRQRIWKH$XGLW&RPPLWWHHZHUHSDVVHGDQG¿YH$XGLW&RPPLWWHHPHHWLQJVZHUHFRQGXFWHGGXULQJWKH\HDU DVGHWDLOHGEHORZ SR. NO. DATE OF MEETING 1 WK$SULO 230th0D\ 33rd$XJXVW 41st1RYHPEHU 51st)HEUXDU\ 1XPEHURIPHHWLQJVRIWKHDERYH&RPPLWWHHDWWHQGHGE\WKH'LUHFWRUVGXULQJWKH¿QDQFLDO\HDU ZDVDVIROORZV NAME OF DIRECTORS STATUS NO. OF MEETINGS ATTENDED 05'+,5(1'5$6:$583 &+$,50$1 5 05*85%$&+$16,1*+'+,1*5$ 0(0%(5 4 0538/$.&+$1'$135$6$' 0(0%(5 3 05.$0$/5$1-$1'$6 0(0%(5 3 05*23$/.5,6+1$3,//$, 0(0%(5 4 NOTES: 7KHTXRUXPIRU,QGHSHQGHQW'LUHFWRUVDVUHTXLUHGXQGHU5HJXODWLRQ E RIWKH/LVWLQJ5HJXODWLRQVZDVFRPSOLHGZLWK GXULQJWKH\HDU $OOWKH'LUHFWRUVDWWHQGLQJWKH$XGLW&RPPLWWHHPHHWLQJVZHUHHQWLWOHGWRDVLWWLQJIHHRI`IRUHYHU\PHHWLQJDWWHQGHGE\ WKHPGXULQJWKH\HDU(IIHFWLYHVW$SULO QRVLWWLQJIHHZLOOEHSDLGWR'LUHFWRUVIRUDWWHQGLQJ$XGLW&RPPLWWHH0HHWLQJV ,QYLWHHV3DUWLFLSDQWV 0U$EKLMLW 5R\ 0' &(2 DQG 0U 6ULMLW 'DVJXSWD 'LUHFWRU ±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¿HGDQGUHSODFHGZLWKDQHZO\DGRSWHGSROLF\YL] :KLVWOHEORZHU3ROLF\'HWDLOVRIWKH3ROLF\DGRSWHGFDQ EHDFFHVVHGDW https://www.bergerpaints.com/about-us/whistleblower-policy.html II. COMPENSATION AND NOMINATION AND REMUNERATION COMMITTEE: 7KH&RPSHQVDWLRQDQG1RPLQDWLRQDQG5HPXQHUDWLRQ&RPPLWWHH¶V ³WKH5HPXQHUDWLRQ&RPPLWWHH´ FRQVWLWXWLRQDQGWHUPV RIUHIHUHQFHDUHLQFRPSOLDQFHZLWKWKHSURYLVLRQVRI6HFWLRQRIWKH$FWDQG5HJXODWLRQ RIWKH/LVWLQJ5HJXODWLRQV7KH 5HPXQHUDWLRQ&RPPLWWHHIXO¿OVWKHUROHVDVODLGRXWLQWKH$FWDQGDVSHUUROHVSHFL¿HGLQ3DUW'RI6FKHGXOH,,RIWKH/LVWLQJ 5HJXODWLRQV The Composition of the Remuneration Committee as on 31st March, 2019 was as follows: 0U.DPDO5DQMDQ'DV±&KDLUPDQ 0U.XOGLS6LQJK'KLQJUD 0U3XODN&KDQGDQ3UDVDG 0U$QLUXGGKD6HQ±6HFUHWDU\ 7KH 5HPXQHUDWLRQ &RPPLWWHH RI WKH %RDUG ZDV UHFRQVWLWXWHG RQ WK $SULO DQG FXUUHQWO\ LW FRPSULVHV WKH IROORZLQJPHPEHUV 0U.DPDO5DQMDQ'DV±&KDLUPDQ 0U.XOGLS6LQJK'KLQJUD 0U3XODN&KDQGDQ3UDVDG 0U$QRRS+RRQ DSSRLQWHGZHIWK$SULO 0U$QLUXGGKD6HQ±6HFUHWDU\ 6HYHQ5HVROXWLRQVE\&LUFXODWLRQRIWKH5HPXQHUDWLRQ&RPPLWWHHZHUHSDVVHGDQGRQH5HPXQHUDWLRQ&RPPLWWHHPHHWLQJZDV KHOGGXULQJWKH\HDU DVGHWDLOHGEHORZ SR. NO. DATE OF MEETING 1 VW)HEUXDU\ 1XPEHURIPHHWLQJVRIWKHDERYH&RPPLWWHHDWWHQGHGE\WKH'LUHFWRUVGXULQJWKH¿QDQFLDO\HDU ZDVDVIROORZV NAME OF DIRECTORS STATUS NO. OF MEETINGS ATTENDED 05.$0$/5$1-$1'$6 &+$,50$1 05.8/',36,1*+'+,1*5$ 0(0%(5 1 0538/$.&+$1'$135$6$' 0(0%(5 1 EMPLOYEE STOCK OPTION PLAN NAME OF KMPs DESIGNATION NO. OF EQUITY SHARES ALLOTTED 05$%+,-,752< 0$1$*,1*',5(&725 &(2 VKDUHV 0565,-,7'$6*837$ ',5(&725),1$1&( &)2 VKDUHV 05$1,58''+$6(1 659,&(35(6,'(17 &203$1<6(&5(7$5< VKDUHV 3OHDVHDOVRYLVLWWKHZHEOLQN https://www.bergerpaints.com/investors/esop-disclosure.htmlIRUGLVFORVXUHVXQGHU5HJXODWLRQ RIWKHDIRUHVDLG5HJXODWLRQV PERFORMANCE EVALUATION CRITERIA FOR INDEPENDENT DIRECTORS: 7KH&RPSDQ\IROORZVWKHSURYLVLRQVRIWKH&RPSDQLHV$FW ³$FW´ DQG/LVWLQJ5HJXODWLRQVLQUHODWLRQWR'LUHFWRUV DSSRLQWPHQWV TXDOL¿FDWLRQVDQGLQGHSHQGHQFH 3XUVXDQWWR6HFWLRQ RIWKH$FWDQG5HJXODWLRQ RIWKH/LVWLQJ5HJXODWLRQVWKH5HPXQHUDWLRQ&RPPLWWHHLVHQWUXVWHGZLWK UHVSRQVLELOLW\RIIRUPXODWLQJFULWHULDIRUGHWHUPLQLQJTXDOL¿FDWLRQVSRVLWLYHDWWULEXWHVDQGLQGHSHQGHQFHRIDQ,QGHSHQGHQW'LUHFWRU 7KLVFDQEHYLHZHGDWhttps://www.bergerpaints.com/about-us/criteria-policy.html REMUNERATION OF DIRECTORS: 7KH 5HPXQHUDWLRQ 3ROLF\ RI WKH &RPSDQ\ LV JLYHQ LQ WKH 5HSRUW RI WKH 'LUHFWRUV DQG FDQ EH DFFHVVHG DW WKH IROORZLQJ web link: https://www.bergerpaints.com/about-us/remuneration-policy.html 7KHUHPXQHUDWLRQRI'LUHFWRUVLVDVXQGHU A. EXECUTIVE DIRECTORS The details of the remuneration paid to the Executive Directors for the Financial Year 2018-19 are as follows: MR ABHIJIT ROY MR KANWARDIP SINGH DHINGRA MS RISHMA KAUR PARTICULARS (`) (`) (`) FIXED COMPONENTS: &2162/,'$7('6$/$5< &203$1<¶6&2175,%87,2172 3529,'(17)81'*5$78,7<$1' 683(5$118$7,21)81' A. EXECUTIVE DIRECTORS (Contd.) MR ABHIJIT ROY MR KANWARDIP SINGH DHINGRA MS RISHMA KAUR PARTICULARS (`) (`) (`) $//2:$1&(6$1'(67,0$7(' 3(548,6,7(6,1.,1' VARIABLE COMPONENT: 6(9(5$1&()((6 &200,66,21 3(5)250$1&(,1&(17,9( (623'(7$,/6 TOTAL 3,08,34,158 45,32,366 45,35,787 B. NON-EXECUTIVE DIRECTORS: 7KH1RQ([HFXWLYH'LUHFWRUVDUHHQWLWOHGWRFRPPLVVLRQOLPLWHGWRRQHSHUFHQWRIWKHQHWSUR¿WVRIWKH&RPSDQ\DVDSSURYHG E\WKHVKDUHKROGHUVDWWKH$QQXDO*HQHUDO0HHWLQJKHOGRQQG$XJXVWVXEMHFWWRDPD[LPXPRI5XSHHRQHFURUHHYHU\ \HDUGLVWULEXWHGDPRQJWKHPEDVHGRQWKHWLPHGHYRWHGDGYLFHUHQGHUHGDQGH[SHUWLVHOHQWWRWKH&RPSDQ\$VSHUWKHSURYLVLRQV RIWKH&RPSDQLHV$FW WKHDSSURYDORIWKHPHPEHUVZDVYDOLGIRUDSHULRGRI¿YH\HDUV7KHVDPHZDVDSSURYHGE\WKH 0HPEHUVDWWKH$QQXDO*HQHUDO0HHWLQJKHOGRQWK$XJXVW The details of the remuneration paid to the Non-Executive Directors for the Financial Year 2018-19 are as follows: NAME OF DIRECTORS COMMISSION (`) SITTING FEES (`) TOTAL (`) 05.8/',361*+'+,1*5$ 05*85%$&+$16,1*+'+,1*5$ 05.$0$/5$1-$1'$6 051$5(6+*8-5$/ 05'+,5(1'5$6:$583 0538/$.&+$1'$135$6$' 05*23$/.5,6+1$3,//$, 05$1223+221 0566218+$/$1%+$6,1 TOTAL 44,60,000 98,000 45,58,000 Total number of equity shares of (`) 1/- each held by Key Managerial Personnel (KMP) as on 31st March, 2019 is as follows: NAME OF KMPs DESIGNATION NUMBER OF EQUITY SHARES HELD 05$%+,-,752< 0$1$*,1*',5(&725 &(2 0565,-,7'$6*837$ ',5(&725),1$1&( &)2 6(1,259,&(35(6,'(17 05$1,58''+$6(1 &203$1<6(&5(7$5< III. SHAREHOLDERS’ COMMITTEE: A. SHARE TRANSFER COMMITTEE: The Composition of Share Transfer Committee as on 31st March, 2019 was as follows: 1. 0U$EKLMLW5R\±&KDLUPDQ 2. 0U6ULMLW'DVJXSWD 3. 0U.DPDO5DQMDQ'DV 4. 0U$QLUXGGKD6HQ 1LQHWHHQUHVROXWLRQVE\FLUFXODWLRQRIWKH6KDUH7UDQVIHU&RPPLWWHHZHUHSDVVHGDQGWZHOYH6KDUH7UDQVIHU&RPPLWWHHPHHWLQJV ZHUHKHOGGXULQJWKH¿QDQFLDO\HDU DVGHWDLOHGEHORZ SR. NO. DATE OF MEETING SR. NO. DATE OF MEETING 1. 7. 2. 3. 9. 4. 10. 31.01.2019 5. 11. 12. 30.03.2019 1XPEHU RI PHHWLQJV RI WKH DERYH &RPPLWWHH DWWHQGHG E\ WKH 'LUHFWRUV0HPEHUV GXULQJ WKH ¿QDQFLDO \HDU ZDVDVIROORZV NAME OF DIRECTORS STATUS NO. OF MEETINGS ATTENDED 05$%+,-,752< &+$,50$1 12 05.$0$/5$1-$1'$6 0(0%(5 11 05$1,58''+$6(1 0(0%(5 12 0565,-,7'$6*837$ 0(0%(5 12 B. STAKEHOLDERS’ RELATIONSHIP AND INVESTOR GRIEVANCE COMMITTEE: 7KH &RPSRVLWLRQ RI WKH DERYH FRPPLWWHH ZDV FKDQJHG GXULQJ WKH \HDU 3ULRU WR WKH FKDQJH PDGH DW WKH %RDUG 0HHWLQJ RIVW)HEUXDU\ LWZDVDVIROORZV 1. 0U.DPDO5DQMDQ'DV±&KDLUPDQ 2. 0U$EKLMLW5R\ 3. 0U*XUEDFKDQ6LQJK'KLQJUD 4. 0U$QLUXGGKD6HQ±6HFUHWDU\ 7KH6WDNHKROGHUV¶5HODWLRQVKLSDQG,QYHVWRU*ULHYDQFH&RPPLWWHHRIWKH%RDUGZDVUHFRQVWLWXWHGRQVW)HEUXDU\ ZKHUH 0U*XUEDFKDQ6LQJK'KLQJUDZDVDSSRLQWHG&KDLUPDQDQGFXUUHQWO\LWLVDVIROORZV 0U*XUEDFKDQ6LQJK'KLQJUD±&KDLUPDQ 0U.DPDO5DQMDQ'DV 0U$EKLMLW5R\ 0U$QLUXGGKD6HQ±6HFUHWDU\ 7KHDPHQGHG/LVWLQJ5HJXODWLRQVUHTXLUHWKH6WDNHKROGHUV¶5HODWLRQVKLSDQG,QYHVWRU*ULHYDQFH&RPPLWWHHRIWKH%RDUGWR RYHUVHHDSDUWIURPDGGUHVVLQJQRUPDOJULHYDQFHVRILQYHVWRUVWRUHYLHZPHDVXUHVWDNHQIRUHIIHFWLYHH[HUFLVHRIYRWLQJULJKWVRI VKDUHKROGHUVDGKHUHQFHWRVHUYLFHVWDQGDUGVDGRSWHGE\WKH&RPSDQ\PHDVXUHVWDNHQWRUHGXFHTXDQWXPRIXQFODLPHGGLYLGHQGV DQGRWKHUV7KHVHDUHPDGHHIIHFWLYHIURPVW$SULO )LYH6WDNHKROGHUV¶5HODWLRQVKLS&RPPLWWHHPHHWLQJVZHUHKHOGGXULQJWKH)LQDQFLDO SR. NO. DATE OF MEETING 1 WK$SULO 2 UG$XJXVW 3 VW1RYHPEHU 4 VW)HEUXDU\ 5 WK0DUFK 1XPEHURIPHHWLQJVRIWKHDERYH&RPPLWWHHDWWHQGHGE\WKH'LUHFWRUVGXULQJWKH¿QDQFLDO\HDU ZDVDVIROORZV NAME OF DIRECTORS STATUS NO. OF MEETINGS ATTENDED 05.$0$/5$1-$1'$6 &+$,50$1 3 05$%+,-,752< 0(0%(5 5 05*85%$&+$16,1*+'+,1*5$ 0(0%(5 3 0U$QLUXGGKD6HQ6HQLRU9LFH3UHVLGHQWDQG&RPSDQ\6HFUHWDU\LVDFWLQJDV&RPSOLDQFH2I¿FHURIWKH&RPPLWWHH 5HTXLUHGTXRUXPZDVSUHVHQWIRUDOOWKHPHHWLQJVRIWKH6KDUH7UDQVIHU&RPPLWWHHDQG6WDNHKROGHUV¶5HODWLRQVKLSDQG,QYHVWRU *ULHYDQFH&RPPLWWHH SHAREHOLDERS’ COMPLAINTS RECEIVED DURING THE YEAR: 1RRI&RPSODLQWVUHFHLYHGGXULQJWKH\HDU 1RRI&RPSODLQWVUHVROYHGGXULQJWKH\HDU 1RRI&RPSODLQWVQRWVROYHGWRWKHVDWLVIDFWLRQRIVKDUHKROGHUV 1,/ 3HQGLQJ&RPSODLQWVDVRQVW0DUFK 1,/ IV. BUSINESS PROCESS AND RISK MANAGEMENT COMMITTEE: 7KH %RDUG RI 'LUHFWRUV KDYH GH¿QHG WKH SURFHGXUHV SUDFWLFHV UROHV DQG UHVSRQVLELOLWLHV RI WKH VDLG &RPPLWWHH DQG KDV GHOHJDWHG PRQLWRULQJ DQG UHYLHZLQJ RI WKH 5LVN 0DQDJHPHQW 3ODQ DQG 3ROLF\ WR WKH &RPPLWWHH DQG VXFK RWKHU IXQFWLRQV DVLWKDVGHHPHG¿W The Composition of Business Process and Risk Management Committee as on 31st March, 2019 was as follows: 0U*XUEDFKDQ6LQJK'KLQJUD±&KDLUPDQ 0U.DPDO5DQMDQ'DV 0V5LVKPD.DXU 0U.DQZDUGLS6LQJK'KLQJUD 0U$QLO%KDOOD 0U6XELU%RVH 0U$EKLMLW5R\ 0U6ULMLW'DVJXSWD 7KH %XVLQHVV 3URFHVV DQG 5LVN 0DQDJHPHQW &RPPLWWHH RI WKH %RDUG ZDV UHFRQVWLWXWHG RQ WK$SULO DQG FXUUHQWO\ LWFRPSULVHVWKHIROORZLQJPHPEHUV 0U*XUEDFKDQ6LQJK'KLQJUD±&KDLUPDQ 0U.DPDO5DQMDQ'DV 0V5LVKPD.DXU 0U.DQZDUGLS6LQJK'KLQJUD 0U$QLO%KDOOD 0U$EKLMLW5R\ 0U6ULMLW'DVJXSWD 0U$QRRS+RRQ 1% L 0U6XELU%RVHKDVUHVLJQHGIURPWKH&RPPLWWHHZHIWK$SULO LL 0U$QRRS+RRQZDVDSSRLQWHGDVDPHPEHUZHIWK$SULO 7ZR%XVLQHVV3URFHVVDQG5LVN0DQDJHPHQW&RPPLWWHHPHHWLQJVZHUHFRQYHQHGGXULQJWKH¿QDQFLDO\HDU DQGWKHGDWHV DUHDVIROORZV SR. NO. DATE OF MEETING 1 WK-XO\ 2 WK'HFHPEHU 1XPEHU RI PHHWLQJV RI WKH DERYH &RPPLWWHH DWWHQGHG E\ WKH 'LUHFWRUV0HPEHUV GXULQJ WKH ¿QDQFLDO \HDU ZDVDVIROORZV NAME STATUS NO. OF MEETINGS ATTENDED 05*85%$&+$16,1*+'+,1*5$ &+$,50$1 2 05$%+,-,752< 0(0%(5 1 05.$0$/5$1-$1'$6 0(0%(5 1 065,6+0$.$85 0(0%(5 2 05.$1:$5',36,1*+'+,1*5$ 0(0%(5 1 0565,-,7'$6*837$ 0(0%(5 2 05$1,/%+$//$ 0(0%(5 2 V. CORPORATE SOCIAL RESPONSIBILITY 3XUVXDQWWRWKHSURYLVLRQVRI6HFWLRQRIWKH$FWUHDGZLWK6FKHGXOH9,,RIWKH$FWWKH&RUSRUDWH6RFLDO5HVSRQVLELOLW\ &65 &RPPLWWHHKDGEHHQIUDPHG The Composition of CSR Committee as on 31st March, 2019 was as follows: 0U.XOGLS6LQJK'KLQJUD±&KDLUPDQ 0U$EKLMLW5R\ 0U6ULMLW'DVJXSWD 0U$QLO%KDOOD 0U.DPDO5DQMDQ'DV 0U.DQZDUGLS6LQJK'KLQJUD 0V5LVKPD.DXU 0U$QLUXGGKD6HQ 2QH&65&RPPLWWHHPHHWLQJZDVFRQYHQHGGXULQJWKH¿QDQFLDO\HDU WRDSSURYHWKH&65DFWLYLWLHVXQGHUWDNHQE\ WKH&RPSDQ\DQGWKHGDWHZDVDVIROORZV SR. NO. DATE OF MEETING 1 WK0DUFK 1XPEHU RI PHHWLQJV RI WKH DERYH &RPPLWWHH DWWHQGHG E\ WKH 'LUHFWRUV0HPEHUV GXULQJ WKH ¿QDQFLDO \HDU ZDVDVIROORZV NAME STATUS NO. OF MEETINGS ATTENDED 05.8/',36,1*+'+,1*5$ &+$,50$1 1 05$%+,-,752< 0(0%(5 1 0565,-,7'$6*837$ 0(0%(5 1 05$1,/%+$//$ 0(0%(5 1 05.$0$/5$1-$1'$6 0(0%(5 1 05.$1:$5',36,1*+'+,1*5$ 0(0%(5 1 065,6+0$.$85 0(0%(5 1 05$1,58''+$6(1 0(0%(5 1 VI. COMMITTEE OF DIRECTORS FOR REGULAR MATTERS 7KRXJKQRWPDQGDWRU\WKH&RPPLWWHHZDVIRUPHGDQGUHFRQVWLWXWHGRQWK6HSWHPEHUZKRVHSULPDU\IXQFWLRQLVWRJUDQW DSSURYDOVDQGDXWKRULW\WRWKHHPSOR\HHVRIWKH&RPSDQ\WRFRQGXFWURXWLQHEXVLQHVVVXFKDVRSHQLQJFORVLQJRIEDQNDFFRXQWV FKDQJHLQDXWKRULVHGVLJQDWRULHVDXWKRULVDWLRQIRUDSSHDUDQFHEHIRUHFRXUWWD[DXWKRULWLHVHWFZKLFKUHTXLUHLPPHGLDWHDSSURYDO The Composition of Committee of Directors for Regular Matters as on 31st March, 2019 was as follows: 0U.XOGLS6LQJK'KLQJUD±&KDLUPDQ 0U$EKLMLW5R\ 0U.DPDO5DQMDQ'DV 0U$QLUXGGKD6HQ±6HFUHWDU\ 7ZHQW\IRXUPHHWLQJVRIWKHDERYHFRPPLWWHHZHUHFRQYHQHGGXULQJWKH¿QDQFLDO\HDU DQGWKHGDWHVDUHDVIROORZV SR. NO. DATE OF MEETING SR. NO. DATE OF MEETING SR. NO. DATE OF MEETING 1 9 17 2 10 3 11 19 17.01.2019 4 12 20 01.02.2019 5 13 21 14 22 01.03.2019 7 15 23 15.03.2019 24 29.03.2019 1XPEHURIPHHWLQJVRIWKHDERYH&RPPLWWHHDWWHQGHGE\WKH'LUHFWRUV0HPEHUVGXULQJWKH¿QDQFLDO\HDU ZDVDVIROORZV NAME OF DIRECTORS STATUS NO. OF MEETINGS ATTENDED 05.8/',36,1*+'+,1*5$ &+$,50$1 24 05$%+,-,752< 0(0%(5 23 05.$0$/5$1-$1'$6 0(0%(5 22 05$1,58''+$6(1 6(&5(7$5< 24 GENERAL BODY MEETINGS: 'DWHWLPHDQGYHQXHRIWKHODVWWKUHH$QQXDO*HQHUDO0HHWLQJVDUHDVIROORZV WHETHER SPECIAL FINANCIAL YEAR VENUE DATE TIME RESOLUTION PASSED .$/$0$1',5 6+$.(63($5(6$5$1, DP <(6 .2/.$7$ .$/$0$1',5 6+$.(63($5(6$5$1, DP <(6 .2/.$7$ .$/$0$1',5 6+$.(63($5(6$5$1, DP <(6 .2/.$7$ POSTAL BALLOT: 7KH&RPSDQ\GLGQRWFRQGXFWDQ\EXVLQHVVWKURXJK3RVWDO%DOORWGXULQJWKH\HDUXQGHUUHYLHZ DISCLOSURES: $ $VSHUWKHDPHQGHG6(%, /LVWLQJ2EOLJDWLRQVDQG'LVFORVXUH5HTXLUHPHQWV 5HJXODWLRQVDFHUWL¿FDWHIURPDFRPSDQ\ VHFUHWDU\LQSUDFWLFHVWDWLQJWKDWQRQHRIWKHGLUHFWRUVRQWKH%RDUGRIWKH&RPSDQ\KDYHEHHQGHEDUUHGRUGLVTXDOL¿HGIURPEHLQJ DSSRLQWHGRUFRQWLQXLQJDVWKHGLUHFWRUVRIFRPSDQLHVE\WKH%RDUG0LQLVWU\RI&RUSRUDWH$IIDLUVRUDQ\VXFKVWDWXWRU\DXWKRULW\ DQQH[HGWRWKLV5HSRUW Annexure – D). % 7KH%RDUGKDVDFFHSWHGDOOWKHUHFRPPHQGDWLRQVRIWKHYDULRXVFRPPLWWHHVRIERDUGZKLFKLVPDQGDWRULO\UHTXLUHGLQWKH UHOHYDQW¿QDQFLDO\HDU & 7KH&RPSDQ\KDVQRWHQWHUHGLQWRDQ\PDWHULDOO\VLJQL¿FDQWUHODWHGSDUW\WUDQVDFWLRQZKLFKZRXOGKDYHSRWHQWLDOFRQÀLFWZLWK WKHLQWHUHVWRIWKH&RPSDQ\DWODUJH ' 7KH&RPSDQ\KDVFRPSOLHGZLWKDOOWKHDSSOLFDEOHUHTXLUHPHQWVRIWKH/LVWLQJ5HJXODWLRQV ( :KLVWOH%ORZHU3ROLF\KDVEHHQIUDPHGE\WKH&RPSDQ\DQGQRSHUVRQQHOKDYHEHHQGHQLHGDFFHVVWRWKH$XGLW&RPPLWWHH ) 7KH&RPSDQ\KDVFRPSOLHGZLWKDOOWKHPDQGDWRU\UHTXLUHPHQWVRI5HJXODWLRQ RIWKH/LVWLQJ5HJXODWLRQVDQGWKHIROORZLQJ QRQPDQGDWRU\UHTXLUHPHQWKDVEHHQDGRSWHGE\WKH(QWLW\ 1. 1RQ([HFXWLYH&KDLUPDQ¶V2I¿FH &KDLUPDQ¶VRI¿FHLVVHSDUDWHIURPWKDWRIWKH0DQDJLQJ'LUHFWRU &(2+HLVHQWLWOHG WRPDLQWDLQDQRI¿FHDWWKH&RPSDQ\¶VH[SHQVHDQGWKH&RPSDQ\UHLPEXUVHVWKHH[SHQVHVLQFXUUHGE\WKH&KDLUPDQLQWKH FRXUVHRISHUIRUPDQFHRIKLVGXWLHV 2. 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OF SHARES AND CONVERTIBLE INSTRUMENTS HELD BY THE NON-EXECUTIVE DIRECTORS: 7KH&RPSDQ\GRHVQRWKDYHDQ\FRQYHUWLEOHLQVWUXPHQW7KHQXPEHURIVKDUHVKHOGE\1RQ([HFXWLYH'LUHFWRUVDVRQVW0DUFK LVJLYHQEHORZ SR. NO. NAME OF NON-EXECUTIVE DIRECTORS NUMBER OF SHARES HELD BY THEM 1. 05.8/',36,1*+'+,1*5$ 2. 05*85%$&+$16,1*+'+,1*5$ 3. 05.$0$/5$1-$1'$6 4. 0538/$.&+$1'$135$6$' ± 5. 05'+,5(1'5$6:$583 ± 051$5(6+*8-5$/ 7. 05*23$/.5,6+1$3,//$, ± 05$1223+221 ± 9. 0566218+$/$1%+$6,1 ± 2QEHKDOIRIWKH%RDUGRI'LUHFWRUV 3ODFH .RONDWD Kuldip Singh Dhingra 'DWHG WK0D\ &KDLUPDQ 91 DECLARATION UNDER REGULATION 34(3) READ WITH PART D OF SCHEDULE V OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 $VSURYLGHGXQGHU5HJXODWLRQ UHDGZLWK3DUW'RI6FKHGXOH9RIWKH/LVWLQJ5HJXODWLRQVWKH%RDUGPHPEHUVDQGWKHVHQLRU PDQDJHPHQWSHUVRQQHOKDYHDI¿UPHGFRPSOLDQFHZLWKWKH&RGHRI&RQGXFWRIWKH&RPSDQ\IRUWKH\HDUHQGHGVW0DUFK 7KHVDLG&RGHRI&RQGXFWKDVDOVREHHQXSORDGHGE\WKH&RPSDQ\LQLWVZHEVLWH www.bergerpaints.com 3ODFH .RONDWD Abhijit Roy 'DWHG WK0D\ 0DQDJLQJ'LUHFWRU &(2 92 ANNEXURE - C >$QQH[XUHWR&RUSRUDWH*RYHUQDQFH5HSRUW@ GENERAL SHAREHOLDERS' INFORMATION ANNUAL GENERAL MEETING : DATEWK$XJXVW TIME $0 VENUE.DODPDQGLU6KDNHVSHDUH6DUDQL.RONDWD FINANCIAL YEAR 7KHDFFRXQWLQJ\HDUFRYHUVWKHSHULRGIURPVW$SULOWRVW0DUFK Financial Reporting for the quarters ending on: WK-XQH XQDXGLWHG ± %\WK$XJXVW WK6HSWHPEHU XQDXGLWHG ± %\WK1RYHPEHU VW'HFHPEHU XQDXGLWHG ± %\WK)HEUXDU\ VW0DUFK DXGLWHG ± %\WK0D\ >1RWH 7KHDERYHGDWHVDUHLQGLFDWLYHLQQDWXUH@ BOOK CLOSURE DATES %RRNFORVXUHFRPPHQFHVRQWK-XO\ DQGHQGVRQWK$XJXVW ERWKGD\VLQFOXVLYH DIVIDEND PAYMENT DATE 'LYLGHQGLIGHFODUHGZLOOEHSDLGRQWK$XJXVW LISTING ON STOCK EXCHANGES : The shares of the Company are listed on the following Stock Exchanges: NATIONAL STOCK EXCHANGE (NSE) 1DWLRQDO6WRFN([FKDQJHRI,QGLD/LPLWHG ³([FKDQJH3OD]D´WK)ORRU3ORWQR&*%ORFN %DQGUD±.XUOD&RPSOH[0XPEDL BOMBAY STOCK EXCHANGE (BSE) %6(/LPLWHG 3KLUR]H-HHMHHEKR\7RZHUV 'DODO6WUHHW0XPEDL CALCUTTA STOCK EXCHANGE (CSE) 7KH&DOFXWWD6WRFN([FKDQJH/LPLWHG /\RQV5DQJH.RONDWD STOCK CODES : CSE – 12529 BSE – 509480 NSE – BERGEPAINT DEPOSITORIES D NATIONAL SECURITIES DEPOSITORY LIMITED WK)ORRU7UDGH:RUOG.DPDOD0LOOV&RPSRXQG /RZHU3DUHO0XPEDL b) CENTRAL DEPOSITORY SERVICES (INDIA) LIMITED 0DUDWKRQ)XWXUH[$:LQJWK)ORRU 10-RVKL0DUJ/RZHU3DUHO 0XPEDL ISIN No. : INE463A01038 93 GENERAL SHAREHOLDERS’ INFORMATION MARKET PRICE (HIGH / LOW) AT BSE DURING EACH MONTH FOR THE FINANCIAL YEAR 2018-19: Month High (`) Low (`) $SULO 0D\ 305.40 -XQH 297.15 -XO\ 325.35 $XJXVW 349.00 307.00 6HSWHPEHU 340.00 2FWREHU 295.55 1RYHPEHU 329.55 277.45 'HFHPEHU 344.45 297.00 -DQXDU\ )HEUXDU\ 329.45 0DUFK 327.45 SHARE PERFORMANCE IN RELATION TO BSE SENSEX: Berger Close Price Share Performance in relation to BSE Sensex (Indexed) BSE Sensex 44,000.00 410 37,000.00 310 30,000.00 23,000.00 210 16,000.00 BSE Sensex Berger Close Price Berger 110 9,000.00 10 2,000.00 Jul-18 Jan-19 Jun-18 Oct-18 Apr-18 Feb-19 Sep-18 Mar-19 Dec-18 Nov-18 Aug-18 May-18 NUMBER OF SHAREHOLDERS AS ON 31st MARCH, 2019: 78242 94 SHAREHOLDING PATTERN AS ON 31st MARCH, 2019 HOLDING (%) 3URPRWHU 1RQ5HVLGHQW,QGLYLGXDOV&RPSDQLHV )LQDQFLDO,QVWLWXWLRQ,QVXUDQFH&RPSDQLHV 2WKHUV 5HVLGHQW,QGLYLGXDOV&OHDULQJ0HPEHUV 8QFODLPHG6XVSHQVH$F 'RPHVWLF&RPSDQLHV 1DWLRQDOLVHG%DQNDQG0XWXDO)XQGV Status Holding % 3URPRWHU±)RUHLJQ 3URPRWHU±%RG\&RUSRUDWH 3URPRWHUV±,QGLYLGXDO 3.32 1RQ5HVLGHQW,QGLYLGXDOV&RPSDQLHV $OWHUQDWH,QYHVWPHQW)XQG 0.14 )LQDQFLDO,QVWLWXWLRQV,QVXUDQFH&RPSDQLHV%DQN 2WKHUV 5HVLGHQW 0XWXDO)XQG 'RPHVWLF&RPSDQLHV ,(3) 8QFODLPHG6XVSHQVH'HPDW$FFRXQW 0.10 TOTAL 97,11,29,711 100.00 95 DISTRIBUTION OF SHAREHOLDING AS AT 31st MARCH, 2019 SHAREHOLDING OF NOMINAL SHARE AMOUNT SHAREHOLDER VALUE (`)(`) % to TOTAL NUMBER % to TOTAL ± 2.50 74102 94.71 ± 1.49 2079 ± 1.77 1247 1.59 ± 312 0.40 ± ± 0.37 0.10 ± 0.75 0.14 DERYH 175 0.22 TOTAL 97,11,29,711 100.00 78242 100.00 SHARE TRANSFER SYSTEM: 6KDUHV VHQW IRU SK\VLFDO WUDQVIHU DUH HIIHFWHG ZLWKLQ ZRUNLQJ GD\V RI ORGJHPHQW$SSURYDO IRU UHJLVWUDWLRQ RI VKDUH WUDQVIHU WUDQVPLVVLRQHWFLVQRUPDOO\REWDLQHGIURPWKH6KDUH7UDQVIHU&RPPLWWHHE\PHDQVRIFLUFXODUUHVROXWLRQVDWPHHWLQJVZLWKLQHYHU\ GD\V LIWKURXJKFLUFXODUUHVROXWLRQV DQGRQFHLQHYHU\PRQWK LIWKURXJKDPHHWLQJ 7KHWRWDOQXPEHURIVKDUHVWUDQVIHUUHGLQ SK\VLFDOIRUPGXULQJWKH\HDU ZDVDVFRPSDUHGWRVKDUHVRIIDFHYDOXHRI`HDFKGXULQJ7KH VKDUHVWUDQVIHUUHGWRWKH,QYHVWRU(GXFDWLRQDQG3URWHFWLRQ)XQG ,(3) $FFRXQWSXUVXDQWWR&LUFXODU1RRIWKH0LQLVWU\RI &RUSRUDWH$IIDLUVGXULQJWKH\HDU ZHUH HTXLW\VKDUHVFRYHULQJIROLRV DEMATERIALISATION OF SHARES AND LIQUIDITY AS ON 31st MARCH, 2019: RIWKH&RPSDQ\¶VVKDUHVLVKHOGLQHOHFWURQLFIRUP OUTSTANDING GDRs/ADRs/WARRANTS OR ANY CONVERTIBLE INSTRUMENTS, CONVERSION DATE AND LIKELY IMPACT ON EQUITY: 7KHUHDUHQRRXWVWDQGLQJ*'5V$'5V:DUUDQWVRUFRQYHUWLEOHLQVWUXPHQWV SHARES HELD IN PHYSICAL AND DEMATERIALISED MODE AS ON 31st MARCH, 2019: 6KDUHV+HOGLQ'HPDWHULDOLVHG)RUP 16'/ 6KDUHV+HOGLQ'HPDWHULDOLVHG)RUP &'6/ 6KDUHV+HOGLQ3K\VLFDO)RUP DIVIDEND HISTORY (LAST 10 YEARS) DIVIDEND TOTAL DIVIDEND DIVIDEND PER TOTAL DIVIDEND FINANCIAL YEAR DISTRIBUTION TAX (INCLUDING DIVIDEND SHARE (`) (` in Crore) (` in Crore) DISTRIBUTION TAX) 35.93 210.71 1.75 34.59 204.52 )LQDO 1.00 97.09 ,QWHULP )LQDO 9.17 54.23 ,QWHULP 41.59 50.10 2.20 12.95 72.93 1.40 1.30 44.99 7.30 52.29 (IIHFWLYH WK-DQXDU\WKHHTXLW\VKDUHVRIQRPLQDOIDFHYDOXHRI`HDFKZHUHVXEGLYLGHGLQWRWZRHTXLW\VKDUHVRIIDFH YDOXHRI`HDFK Commodity price risk or Foreign Exchange risk and Hedging activities ,QDFFRUGDQFHZLWKWKHPDWHULDOLW\FULWHULDRIFRPPRGLWLHVDVGHWHUPLQHGE\WKH%RDUGDQGDYDLODEOHDWWKH&RPSDQ\¶VZHEVLWHDW https://www.bergerpaints.com/about-us/risk-management-policy.html, QRFRPPRGLW\LVFRQVLGHUHGWREHPDWHULDO 7KH&RPSDQ\¶V)RUHLJQ([FKDQJHH[SRVXUHZLWKUHVSHFWWRSD\DEOHVDQGORDQVDUHPDQDJHGE\FRQWLQXRXVO\PRQLWRULQJWKHH[FKDQJH UDWHVDQGSUHPLXPVIRUIRUZDUGFRYHUDQGVXFKH[SRVXUHLVKHGJHGRQDVKRUWWHUPEDVLVZKHQFRPPHUFLDOO\H[SHGLHQWWRGRVR Exposure of the listed entity to commodity and commodity risks faced by the entity throughout the year ([SRVXUHLQ ([SRVXUH RIVXFKH[SRVXUHKHGJHGWKURXJKFRPPRGLW\GHULYDWLYHV ,15WRZDUGV LQ4XDQWLW\ &RPPRGLW\ WKHSDUWLFXODU WHUPVWRZDUGV 'RPHVWLFPDUNHW ,QWHUQDWLRQDOPDUNHW 7RWDO 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3KRQH TALOJA 3ORWQR- 0,'&7DORMD3DQYHO 5DLJDG 0DKDUDVWUD ,QGLD * British Paints Division REGISTRARS AND SHARE TRANSFER AGENTS AND ADDRESS FOR CORRESPONDENCE: M/s C B Management Services (P) Ltd 3%RQGHO5RDG.RONDWD 3KRQH )D[1R (PDLO [email protected] COMPLIANCE OFFICER: Mr ANIRUDDHA SEN, Senior Vice President and Company Secretary FOR ANY QUERY RELATING TO YOUR SHAREHOLDING, PLEASE SEND YOUR QUERY/E-MAIL AT: 1. 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BATLIBOI & CO. LLP For and on behalf of Board of Directors )LUP5HJLVWUDWLRQ1XPEHU(( Chartered Accountants per Bhaswar Sarkar Kuldip Singh Dhingra&KDLUPDQ 3DUWQHU Gurbachan Singh Dhingra9LFH&KDLUPDQ 0HPEHUVKLS1XPEHU Abhijit Roy 0DQDJLQJ'LUHFWRU &(2 3ODFH .RONDWD Srijit Dasgupta'LUHFWRU)LQDQFH &)2 'DWHG 0D\ Aniruddha Sen 6U93 &RPSDQ\6HFUHWDU\ 113 STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED MARCH 31, 2019 a. Equity Share Capital: As at March 31, 2019 As at March 31, 2018 (TXLW\VKDUHVRI`HDFKLVVXHGVXEVFULEHGDQGIXOO\SDLG 1RRIVKDUHV ` LQ&URUHV 1RRIVKDUHV ` LQ&URUHV $WWKHEHJLQQLQJRIWKH\HDU 97.10 97.10 $GG ,VVXHRI6KDUHVRQH[HUFLVHRI6WRFN2SWLRQV 1RWH 0.01 0.00 $WWKHHQGRIWKH\HDU 97,11,29,711 97.11 97,10,31,428 97.10 5HIHUQRWH b. 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IND AS 116 – Leases ,QG$6/HDVHVZDVQRWL¿HGLQ0DUFK DQGLWUHSODFHV,QG$6/HDVHV,QG$6LVHIIHFWLYHIRUDQQXDOSHULRGV EHJLQQLQJRQRUDIWHU$SULO ,WVHWVRXWWKHSULQFLSOHVIRUWKHUHFRJQLWLRQPHDVXUHPHQWSUHVHQWDWLRQDQGGLVFORVXUH RIOHDVHVDQGUHTXLUHVOHVVHHVWRDFFRXQWIRUDOOOHDVHVXQGHUDVLQJOHRQEDODQFHVKHHWPRGHOVLPLODUWRWKHDFFRXQWLQJIRU ¿QDQFHOHDVHVXQGHU,QG$6/HVVRUDFFRXQWLQJXQGHU,QG$6LVVXEVWDQWLDOO\XQFKDQJHGIURPSUHVHQWDFFRXQWLQJ XQGHU ,QG$6 ,QG$6 UHTXLUHV OHVVHHV DQG OHVVRUV WR PDNH PRUH H[WHQVLYH GLVFORVXUHV WKDQ XQGHU ,QG$6 129 NOTES TO IND AS FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED MARCH 31, 2019 7KH&RPSDQ\LQWHQGVWRDGRSWWKLVVWDQGDUGIURP$SULO DQGLVLQWKHSURFHVVRIHYDOXDWLQJWKHLPSDFWRIWKLVVWDQGDUG RQLWV,QG$6¿QDQFLDOVWDWHPHQWV 2. 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Amendments to Ind AS 109: Prepayment Features with Negative Compensation 8QGHU,QG$6 DGHEWLQVWUXPHQWFDQEHPHDVXUHGDWDPRUWLVHGFRVWRUDWIDLUYDOXHWKURXJKRWKHUFRPSUHKHQVLYHLQFRPH SURYLGHGWKDWWKHFRQWUDFWXDOFDVKÀRZVDUHµVROHO\SD\PHQWVRISULQFLSDODQGLQWHUHVWRQWKHSULQFLSDODPRXQWRXWVWDQGLQJ¶ WKH633,FULWHULRQ DQGWKHLQVWUXPHQWLVKHOGZLWKLQWKHDSSURSULDWHEXVLQHVVPRGHOIRUWKDWFODVVL¿FDWLRQ7KHDPHQGPHQWV WR,QG$6 FODULI\WKDWD¿QDQFLDODVVHWSDVVHVWKH633,FULWHULRQUHJDUGOHVVRIWKHHYHQWRUFLUFXPVWDQFHWKDWFDXVHVWKH HDUO\WHUPLQDWLRQRIWKHFRQWUDFWDQGLUUHVSHFWLYHRIZKLFKSDUW\SD\VRUUHFHLYHVUHDVRQDEOHFRPSHQVDWLRQIRUWKHHDUO\ WHUPLQDWLRQRIWKHFRQWUDFW 7KHDPHQGPHQWVVKRXOGEHDSSOLHGUHWURVSHFWLYHO\DQGDUHHIIHFWLYHIRUDQQXDOSHULRGVEHJLQQLQJRQRUDIWHU$SULO 7KH&RPSDQ\GRHVQRWH[SHFWWKLVDPHQGPHQWWRKDYHDQ\LPSDFWRQLWV,QG$6¿QDQFLDOVWDWHPHQWV 4. Amendments to Ind AS 19: Plan Amendment, Curtailment or Settlement 7KHDPHQGPHQWVWR,QG$6 DGGUHVVWKHDFFRXQWLQJZKHQDSODQDPHQGPHQWFXUWDLOPHQWRUVHWWOHPHQWRFFXUVGXULQJD UHSRUWLQJSHULRG7KHDPHQGPHQWVVSHFLI\WKDWZKHQDSODQDPHQGPHQWFXUWDLOPHQWRUVHWWOHPHQWRFFXUVGXULQJWKHDQQXDO UHSRUWLQJSHULRGDQHQWLW\LVUHTXLUHGWR h 'HWHUPLQHFXUUHQWVHUYLFHFRVWIRUWKHUHPDLQGHURIWKHSHULRGDIWHUWKHSODQDPHQGPHQWFXUWDLOPHQWRUVHWWOHPHQWXVLQJ WKHDFWXDULDODVVXPSWLRQVXVHGWRUHPHDVXUHWKHQHWGH¿QHGEHQH¿WOLDELOLW\ DVVHW UHÀHFWLQJWKHEHQH¿WVRIIHUHGXQGHUWKH SODQDQGWKHSODQDVVHWVDIWHUWKDWHYHQW h 'HWHUPLQHQHWLQWHUHVWIRUWKHUHPDLQGHURIWKHSHULRGDIWHUWKHSODQDPHQGPHQWFXUWDLOPHQWRUVHWWOHPHQWXVLQJ WKHQHW GH¿QHGEHQH¿WOLDELOLW\ DVVHW UHÀHFWLQJWKHEHQH¿WVRIIHUHGXQGHUWKHSODQDQGWKHSODQDVVHWVDIWHUWKDWHYHQW DQGWKH GLVFRXQWUDWHXVHGWRUHPHDVXUHWKDWQHWGH¿QHGEHQH¿WOLDELOLW\ DVVHW 7KHDPHQGPHQWVDOVRFODULI\WKDWDQHQWLW\¿UVWGHWHUPLQHVDQ\SDVWVHUYLFHFRVWRUDJDLQRUORVVRQVHWWOHPHQWZLWKRXW FRQVLGHULQJWKHHIIHFWRIWKHDVVHWFHLOLQJ7KLVDPRXQWLVUHFRJQLVHGLQ6WDWHPHQWRI3UR¿WDQG/RVV$QHQWLW\WKHQGHWHUPLQHV WKHHIIHFWRIWKHDVVHWFHLOLQJDIWHUWKHSODQDPHQGPHQWFXUWDLOPHQWRUVHWWOHPHQW$Q\FKDQJHLQWKDWHIIHFWH[FOXGLQJ DPRXQWVLQFOXGHGLQWKHQHWLQWHUHVWLVUHFRJQLVHGLQ2WKHU&RPSUHKHQVLYH,QFRPH 7KHDPHQGPHQWVDSSO\WRSODQDPHQGPHQWVFXUWDLOPHQWVRUVHWWOHPHQWVRFFXUULQJRQRUDIWHUWKHEHJLQQLQJRIWKH¿UVW DQQXDOUHSRUWLQJSHULRGWKDWEHJLQVRQRUDIWHU$SULO 7KH&RPSDQ\GRHVQRWH[SHFWWKLVDPHQGPHQWWRKDYHDQ\ VLJQL¿FDQWLPSDFWRQLWV,QG$6¿QDQFLDOVWDWHPHQWV 130 NOTES TO IND AS FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED MARCH 31, 2019 5. Amendments to Ind AS 28: Long-term interests in associates and joint ventures 7KHDPHQGPHQWVFODULI\WKDWDQHQWLW\DSSOLHV,QG$6 WRORQJWHUPLQWHUHVWVLQDQDVVRFLDWHRUMRLQWYHQWXUHWRZKLFKWKH HTXLW\PHWKRGLVQRWDSSOLHGEXWWKDWLQVXEVWDQFHIRUPSDUWRIWKHQHWLQYHVWPHQWLQWKHDVVRFLDWHRUMRLQWYHQWXUH ORQJWHUP LQWHUHVWV 7KLVFODUL¿FDWLRQLVUHOHYDQWEHFDXVHLWLPSOLHVWKDWWKHH[SHFWHGFUHGLWORVVPRGHOLQ,QG$6 DSSOLHVWRVXFK ORQJWHUPLQWHUHVWV 7KHDPHQGPHQWVDOVRFODUL¿HGWKDWLQDSSO\LQJ,QG$6 DQHQWLW\GRHVQRWWDNHDFFRXQWRIDQ\ORVVHVRIWKHDVVRFLDWHRU MRLQWYHQWXUHRUDQ\LPSDLUPHQWORVVHVRQWKHQHWLQYHVWPHQWUHFRJQLVHGDVDGMXVWPHQWVWRWKHQHWLQYHVWPHQWLQWKHDVVRFLDWH RUMRLQWYHQWXUHWKDWDULVHIURPDSSO\LQJ,QG$6,QYHVWPHQWVLQ$VVRFLDWHVDQG-RLQW9HQWXUHV 7KHDPHQGPHQWVVKRXOGEHDSSOLHGUHWURVSHFWLYHO\LQDFFRUGDQFHZLWK,QG$6IRUDQQXDOUHSRUWLQJSHULRGVRQRUDIWHU $SULO 7KH&RPSDQ\GRHVQRWH[SHFWWKLVDPHQGPHQWWRKDYHDQ\VLJQL¿FDQWLPSDFWRQLWV,QG$6¿QDQFLDOVWDWHPHQWV Annual improvement to Ind AS (2018); 7KHVHLPSURYHPHQWVLQFOXGH 1. Amendments to Ind AS 103: Party to a Joint Arrangements obtains control of a business that is a Joint Operation 7KHDPHQGPHQWVFODULI\WKDWZKHQDQSDUW\WRDMRLQWDUUDQJHPHQWREWDLQVFRQWURORIDEXVLQHVVWKDWLVDMRLQWRSHUDWLRQLW DSSOLHVWKHUHTXLUHPHQWVIRUDEXVLQHVVFRPELQDWLRQDFKLHYHGLQVWDJHVLQFOXGLQJUHPHDVXULQJSUHYLRXVO\KHOGLQWHUHVWV LQWKHDVVHWVDQGOLDELOLWLHVRIWKHMRLQWRSHUDWLRQDWIDLUYDOXH,QGRLQJVRWKHDFTXLUHUUHPHDVXUHVLWVHQWLUHSUHYLRXVO\ KHOGLQWHUHVWLQWKHMRLQWRSHUDWLRQ $QHQWLW\DSSOLHVWKRVHDPHQGPHQWVWREXVLQHVVFRPELQDWLRQVIRUZKLFKWKHDFTXLVLWLRQGDWHLVRQRUDIWHUWKHEHJLQQLQJ RIWKH¿UVWDQQXDOUHSRUWLQJSHULRGEHJLQQLQJRQRUDIWHU$SULO 7KHVHDPHQGPHQWVDUHFXUUHQWO\QRWDSSOLFDEOHWR WKH&RPSDQ\EXWPD\DSSO\WRIXWXUHWUDQVDFWLRQV 2. Amendments to Ind AS 111: Joint Arrangements $SDUW\WKDWSDUWLFLSDWHVLQEXWGRHVQRWKDYHMRLQWFRQWURORIDMRLQWRSHUDWLRQPLJKWREWDLQMRLQWFRQWURORIWKHMRLQW RSHUDWLRQLQZKLFKWKHDFWLYLW\RIWKHMRLQWRSHUDWLRQFRQVWLWXWHVDEXVLQHVVDVGH¿QHGLQ,QG$67KHDPHQGPHQWV FODULI\WKDWWKHSUHYLRXVO\KHOGLQWHUHVWVLQWKDWMRLQWRSHUDWLRQDUHQRWUHPHDVXUHG $QHQWLW\DSSOLHVWKRVHDPHQGPHQWVWRWUDQVDFWLRQVLQZKLFKLWREWDLQVMRLQWFRQWURORQRUDIWHUWKHEHJLQQLQJRIWKH ¿UVWDQQXDOUHSRUWLQJSHULRGEHJLQQLQJRQRUDIWHU$SULO 7KHVHDPHQGPHQWVDUHFXUUHQWO\QRWDSSOLFDEOHWRWKH &RPSDQ\EXWPD\DSSO\WRIXWXUHWUDQVDFWLRQV 3. Amendments to Ind AS 12: Income Taxes 7KHDPHQGPHQWVFODULI\WKDWWKHLQFRPHWD[FRQVHTXHQFHVRIGLYLGHQGVDUHOLQNHGPRUHGLUHFWO\WRSDVWWUDQVDFWLRQVRU HYHQWVWKDWJHQHUDWHGGLVWULEXWDEOHSUR¿WVWKDQWRGLVWULEXWLRQVWRRZQHUV7KHUHIRUHDQHQWLW\UHFRJQLVHVWKHLQFRPHWD[ FRQVHTXHQFHVRIGLYLGHQGVLQ6WDWHPHQWRI3UR¿WDQG/RVV2WKHU&RPSUHKHQVLYH,QFRPHRUHTXLW\DFFRUGLQJWRZKHUH WKHHQWLW\RULJLQDOO\UHFRJQLVHGWKRVHSDVWWUDQVDFWLRQVRUHYHQWV $QHQWLW\DSSOLHVWKRVHDPHQGPHQWVIRUDQQXDOUHSRUWLQJSHULRGVEHJLQQLQJRQRUDIWHU$SULO 6LQFHWKH&RPSDQ\¶V FXUUHQWSUDFWLFHLVLQOLQHZLWKWKHVHDPHQGPHQWVWKH&RPSDQ\GRHVQRWH[SHFWDQ\HIIHFWRQLWV,QG$6¿QDQFLDO VWDWHPHQWV 4. Amendments to Ind AS 23: Borrowing Costs 7KHDPHQGPHQWVFODULI\WKDWDQHQWLW\WUHDWVDVSDUWRIJHQHUDOERUURZLQJVDQ\ERUURZLQJRULJLQDOO\PDGHWRGHYHORS DTXDOLI\LQJDVVHWZKHQVXEVWDQWLDOO\DOORIWKHDFWLYLWLHVQHFHVVDU\WRSUHSDUHWKDWDVVHWIRULWVLQWHQGHGXVHRUVDOHDUH FRPSOHWH $QHQWLW\DSSOLHVWKRVHDPHQGPHQWVWRERUURZLQJFRVWVLQFXUUHGRQRUDIWHUWKHEHJLQQLQJRIWKHDQQXDOUHSRUWLQJSHULRG LQZKLFKWKHHQWLW\¿UVWDSSOLHVWKRVHDPHQGPHQWV$QHQWLW\DSSOLHVWKRVHDPHQGPHQWVIRUDQQXDOUHSRUWLQJSHULRGV EHJLQQLQJRQRUDIWHU$SULO 6LQFHWKH&RPSDQ\¶VFXUUHQWSUDFWLFHLVLQOLQHZLWKWKHVHDPHQGPHQWVWKH&RPSDQ\ GRHVQRWH[SHFWDQ\HIIHFWRQLWV,QG$6¿QDQFLDOVWDWHPHQWV 131 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 4(a) - Property, plant and equipment ` in Crores Gross Block at Cost Depreciation / Amortisation Net Block On Deletions As at As at As at As at As at As at Particulars For the (accumulated April 1, Additions Deletions March April 1, March 31, March 31, March Year upto the date 2018 31, 2019 2018 2019 2019 31, 2018 of sale) /DQG )UHHKROG 10.07 12.73 - 12.73 10.07 /HDVHKROG 25.40 34.12 0.41 0.34 0.75 33.37 8.31 %XLOGLQJV )UHHKROG 374.57 32.97 407.54 15.09 51.47 356.07 338.19 /HDVHKROG 12.96 0.95 0.27 1.22 11.74 12.01 3ODQW (35.79) 771.75 (34.02) 249.09 522.66 481.52 (TXLSPHQW )XUQLWXUHDQG 27.32 3.32 30.38 9.23 (0.14) 12.55 17.83 18.09 )L[WXUHV &RPSXWHU 47.02 49.00 19.39 23.93 25.07 27.63 2I¿FH 10.57 3.11 13.50 2.23 6.23 7.27 6.41 (TXLSPHQW 9HKLFOHV 10.71 3.94 13.05 1.90 2.27 (0.94) 3.23 9.82 8.81 TOTAL 1,181.83 207.44 (44.24) 1,345.03 270.79 119.04 (41.36) 348.47 996.56 911.04 3DUWO\RQOHDVHKROGODQG L ,QFOXGHVIROORZLQJDVVHWV &RORU%DQN JLYHQXQGHURSHUDWLQJOHDVHDUUDQJHPHQWV ` in Crores Gross Block at Cost Depreciation / Amortisation Net Block On Deletions As at As at As at As at As at As at Particulars For the (accumulated April 1, Additions Deletions March 31, April 1, March 31, March 31, March 31, Year upto the date 2018 2019 2018 2019 2019 2018 of sale) 3ODQW 213.91 43.73 (35.45) 222.19 41.00 (33.74) 115.79 (TXLSPHQW &RPSXWHU 23.14 2.53 20.03 12.11 5.15 (5.39) 11.03 Total 237.05 46.26 (41.09) 242.22 120.64 46.15 (39.13) 127.66 114.56 116.41 LL $OVRUHIHUQRWH LLL )RU3URSHUW\SODQWDQGHTXLSPHQWH[LVWLQJRQ$SULOLHLWVGDWHRIWUDQVLWLRQWR,QG$6WKH&RPSDQ\KDVXVHGSUHYLRXV*$$3 FDUU\LQJYDOXHVDVGHHPHGFRVW6XEVHTXHQWO\PHDVXUHPHQWLVDWFRVW LY )RUFKDUJHFUHDWHGRQ3URSHUW\SODQWDQGHTXLSPHQWUHIHUQRWH LLL 132 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 4(a)(i) 7LWOHGHHGVRILPPRYDEOHSURSHUWLHVVHWRXWLQ1RWH D DERYHDUHLQWKHQDPHRIWKH&RPSDQ\H[FHSWWKRVHPHQWLRQHGEHORZZKLFKZHUH WUDQVIHUUHGWRDQGYHVWHGLQWKH&RPSDQ\SXUVXDQWWRWKHUHVSHFWLYH6FKHPHVRI$UUDQJHPHQWLQHDUOLHU\HDUV ` in Crores Gross Carrying Amount Net Carrying Amount No. of title Particulars As at 31st As at 31st As at 31st As at 31st Held in the name of deeds March, March, March, March, 2019 2018 2019 2018 1 %HUJHU$XWR )UHHKROGODQGDW5LVKUD:HVW%HQJDO ,QGXVWULDO&RDWLQJV/LPLWHG /HDVHKROGODQGDW3DQDML*RD 1 0.35 0.35 5DMGRRW3DLQWV3ULYDWH/LPLWHG /HDVHKROGODQGDW6LNDQGUDEDG 1 0.27 0.27 0.14 0.15 5DMGRRW3DLQWV3ULYDWH/LPLWHG 8WWDU3UDGHVK /HDVHKROGODQGDW&KDQGLJDUK 1 0.05 0.05 0.03 0.03 5DMGRRW3DLQWV3ULYDWH/LPLWHG Note 4(b) - Intangible assets ` in Crores Gross Block at Cost Depreciation / Amortisation Net Block As at As at As at For the On Deletions As at As at As at Particulars April 1, March April 1, Year (accumulated March 31, March 31, March 31, Additions Deletions 2018 31, 2019 2018 upto the date 2019 2019 2018 of sale) &RPSXWHU6RIWZDUH 13.17 (0.17) 19.20 8.88 3.13 (0.17) 11.84 7.36 4.29 TOTAL 13.17 6.20 (0.17) 19.20 8.88 3.13 (0.17) 11.84 7.36 4.29 L )RU3URSHUW\SODQWDQGHTXLSPHQWH[LVWLQJRQ$SULOLHLWVGDWHRIWUDQVLWLRQWR,QG$6WKH&RPSDQ\KDVXVHGSUHYLRXV*$$3 FDUU\LQJYDOXHVDVGHHPHGFRVW6XEVHTXHQWO\PHDVXUHPHQWLVDWFRVW Note 4(c) - Capital work in progress ` in Crores Gross Block at Cost Particulars As at As at Additions Capitalisation April 1, 2018 March 31, 2019 %XLOGLQJV 4.31 (32.97) 79.64 3ODQW (TXLSPHQW 82.94 124.23 (139.15) 68.02 2WKHUDVVHWV 0.02 7.31 0.07 TOTAL 87.27 239.84 (179.38) 147.73 133 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 4(d) - Property, plant and equipment ` in Crores Gross Block at Cost Depreciation Net Block On Deletions As at As at As at As at As at Particulars For the (accumulated April 1, Additions Deletions March 31, April 1, March 31, March 31, Year upto the date 2017 2018 2017 2018 2018 of sale) /DQG )UHHKROG 10.07 10.07 - 10.07 /HDVHKROG 0.45 8.72 0.19 0.22 0.41 8.31 %XLOGLQJV )UHHKROG 374.57 21.92 36.38 338.19 /HDVHKROG 12.96 0.34 0.95 12.01 3ODQW (TXLSPHQW 102.79 679.89 (0.20) 198.37 481.52 )XUQLWXUHDQG)L[WXUHV 21.79 (0.03) 27.32 (0.02) 9.23 18.09 &RPSXWHU 10.73 (0.14) 47.02 10.20 9.32 (0.13) 19.39 27.63 2I¿FH(TXLSPHQW 2.13 (0.03) 10.57 2.32 (0.01) 4.16 6.41 9HKLFOHV 3.79 10.71 1.04 2.14 1.90 8.81 TOTAL 1,046.65 138.10 (2.92) 1,181.83 163.78 108.65 (1.64) 270.79 911.04 $OVRUHIHUQRWH D L 3DUWO\RQOHDVHKROGODQG L ,QFOXGHVIROORZLQJDVVHWV &RORU%DQN JLYHQXQGHURSHUDWLQJOHDVHDUUDQJHPHQWV ` in Crores Gross Block at Cost Depreciation Net Block As at Additions Deletions As at As at For the On Deletions As at As at Particulars April 1, March 31, April 1, Year (accumulated March 31, March 31, 2017 2018 2017 upto the date 2018 2018 of sale) 3ODQW (TXLSPHQW 171.41 42.50 213.91 39.40 &RPSXWHU 19.21 3.93 23.14 4.31 12.11 11.03 Total 190.62 46.43 - 237.05 76.93 43.71 - 120.64 116.41 LL DOVRUHIHUQRWH LLL )RU3URSHUW\SODQWDQGHTXLSPHQWH[LVWLQJRQ$SULOLHLWVGDWHRIWUDQVLWLRQWR,QG$6WKH&RPSDQ\KDVXVHGSUHYLRXV*$$3 FDUU\LQJYDOXHVDVGHHPHGFRVW6XEVHTXHQWO\PHDVXUHPHQWLVDWFRVW LY )RUFKDUJHFUHDWHGRQ3URSHUW\SODQWDQGHTXLSPHQWUHIHUQRWH LLL 134 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 4(e) - Intangible assets ` in Crores Gross Block at Cost Amortisation Net Block On Deletions As at As at As at As at As at Particulars For the (accumulated April 1, Additions Deletions March 31, April 1, March 31, March 31, Year upto the date 2017 2018 2017 2018 2018 of sale) &RPSXWHU6RIWZDUH 1.49 13.17 3.27 8.88 4.29 TOTAL 11.68 1.49 - 13.17 5.61 3.27 - 8.88 4.29 L )RU3URSHUW\SODQWDQGHTXLSPHQWH[LVWLQJRQ$SULOLHLWVGDWHRIWUDQVLWLRQWR,QG$6WKH&RPSDQ\KDVXVHGSUHYLRXV*$$3 FDUU\LQJYDOXHVDVGHHPHGFRVW6XEVHTXHQWO\PHDVXUHPHQWLVDWFRVW Note 4(f) - Capital work-in-progress ` in Crores Gross Block at Cost Particulars As at As at Additions Capitalisation April 1, 2017 March 31, 2018 %XLOGLQJV 10.10 4.31 3ODQW (TXLSPHQW 154.43 (117.14) 82.94 2WKHUDVVHWV 0.02 TOTAL 56.23 169.14 (138.10) 87.27 135 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 5a. Financial assets - Investments Number of shares ` in Crores Nominal Value As at As at As at As at per unit Currency March 31, March 31, March 31, March 31, 2019 2018 2019 2018 Non Current $WIDLUYDOXHWKURXJKSUR¿WDQGORVV (TXLW\6KDUHV8QTXRWHG )XOO\3DLG 6KDNWLNXQM$SDUWPHQWV/LPLWHG 1.00 ` 0.00 0.00 At cost: (TXLW\6KDUHV8QTXRWHG )XOO\3DLG ,QYHVWPHQWLQ6XEVLGLDULHV %HHSHH&RDWLQJV3ULYDWH/LPLWHG 10.00 ` 2.50 2.50 %HUJHU-HQVRQ 1LFKROVRQ 1HSDO 3ULYDWH/LPLWHG 100.00 1(3$/(6( 583(( %HUJHU3DLQWV &\SUXV /LPLWHG 1.71 (852 /HVV ,PSDLUPHQWORVV 5HIHUQRWH /XVDNR7UDGLQJ/LPLWHG 1.71 (852 6%/6SHFLDOW\&RDWLQJV3ULYDWH/LPLWHG 10.00 ` IRUPHUO\NQRZQDV6DERR&RDWLQJV3ULYDWH/LPLWHG UHIHUQRWHLLL 6DERR+HVVH:RRG&RDWLQJV3ULYDWH/LPLWHG UHIHUQRWHLL 1.00 ` 1.50 %HUJHU5RFN3DLQWV3ULYDWH/LPLWHG UHIHUQRWHL 1.00 ` ,QYHVWPHQWLQ-RLQW9HQWXUHV %HUJHU%HFNHU&RDWLQJV3ULYDWH/LPLWHG 100.00 ` 2.71 2.71 %HUJHU1LSSRQ3DLQW$XWRPRWLYH&RDWLQJV3ULYDWH/WG ` 135.24 )RUPHUO\%1%&RDWLQJV,QGLD3ULYDWH/LPLWHG %1%&RDWLQJV,QGLD/LPLWHG Total 331.80 303.18 Aggregate amount of Unquoted Investments 331.80 303.18 Aggregate amount of impairment in value of Investment 56.60 28.00 1RWH L 7KH&RPSDQ\KDVVXEVFULEHGWRHTXLW\VKDUHVRI%HUJHU5RFN3DLQWV3ULYDWH/LPLWHG ³%HUJHU5RFN´ UHSUHVHQWLQJRIWKH SDLGXSHTXLW\VKDUHFDSLWDORI%HUJHU5RFNXSRQLQFRUSRUDWLRQRI%HUJHU5RFNRQ6HSWHPEHU LL 7KH&RPSDQ\KDVDFTXLUHGRIWKHSDLGXSHTXLW\VKDUHFDSLWDORI6DERR+HVVH:RRG&RDWLQJ3ULYDWH/LPLWHGDIWHUFORVHRI EXVLQHVVKRXUVRQ-DQXDU\ LLL 'XULQJWKHSUHYLRXV\HDUWKH&RPSDQ\KDGDFTXLUHGRIWKHSDLGXSHTXLW\VKDUHFDSLWDORI6%/6SHFLDOW\&RDWLQJV3ULYDWH /LPLWHG>IRUPHUO\NQRZQDV6DERR&RDWLQJV3ULYDWH/LPLWHG ³6&3/´ @DIWHUFORVHRIEXVLQHVVKRXUVRQ-XQH 5HIHU1RWH NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 5b. Financial assets - Loans and Deposits 8QVHFXUHGFRQVLGHUHGJRRGXQOHVVRWKHUZLVHVWDWHG ` in Crores Non-Current Current As at As at As at As at March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 6HFXULW\GHSRVLWV 19.99 Total 16.42 19.99 7.98 1.96 5HIHUQRWHIRUVHFXULW\GHSRVLWVJLYHQWRUHODWHGSDUW\ 1RWHF )LQDQFLDODVVHWV2WKHU¿QDQFLDODVVHWV 8QVHFXUHGFRQVLGHUHGJRRGXQOHVVRWKHUZLVHVWDWHG ` in Crores Non-Current Current As at As at As at As at March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 %DQNGHSRVLWVZLWKRULJLQDOPDWXULW\PRUHWKDQWZHOYH 0.09 0.07 0.07 PRQWKV $GYDQFHVWRUHODWHGSDUWLHVLQFOXGHV6KDUH$SSOLFDWLRQ PRQH\SHQGLQJDOORWPHQW 4.14 2.44 5HIHU1RWH ,QWHUHVWDFFUXHGRQGHSRVLWV 2WKHUUHFHLYDEOHV 2.34 1.99 Total 4.14 2.53 3.27 2.89 LQFOXGHVGHSRVLWVSOHGJHGDJDLQVWEDQNJXDUDQWHHV %HUJHU3DLQWV &\SUXV /LPLWHG 4.14 2.44 ZKROO\RZQHGVXEVLGLDU\ 4.14 2.44 LQFOXGHVUHFHLYDEOHIURPUHODWHGSDUWLHV %HUJHU3DLQWV %DQJODGHVK /LPLWHG 0.42 0.39 %HUJHU-HQVRQ 1LFKROVRQ 1HSDO 3ULYDWH/LPLWHG 1.79 1.30 Total 2.21 1.69 Note 6. Income Tax Assets (net) ` in Crores Non-Current As at As at March 31, 2019 March 31, 2018 $GYDQFHSD\PHQWRILQFRPHWD[>QHWRISURYLVLRQIRUWD[RI`&URUHV 19.33 0DUFK±` &URUHV@ Total 19.33 46.14 137 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 7. Other Assets 8QVHFXUHGFRQVLGHUHGJRRGXQOHVVRWKHUZLVHVWDWHG ` in Crores Non-Current Current As at As at As at As at March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 &DSLWDODGYDQFHV 22.21 $GYDQFHVRWKHUWKDQFDSLWDODGYDQFHV 12.17 3UHSD\PHQWV 4.01 6XEVLG\UHFHLYDEOH %DODQFHVZLWKVWDWXWRU\JRYHUQPHQWDXWKRULWLHV Total 32.84 31.05 169.09 208.83 ,QWKHSUHYLRXV\HDU([FLVHGXW\GLVFORVHGLQ6WDWHPHQWRI3UR¿WDQG/RVVIRUWKHWKUHHPRQWKVSHULRGHQGHG-XQHLVQHWRI H[FLVHGXW\EHQH¿WRI`FURUHV6XEVHTXHQWWRWKHLPSOHPHQWDWLRQRI*67ZHI-XO\WKH&RPSDQ\KDVFODLPHGVXEVLG\DYDLODEOH XQGHU6FKHPHRI%XGJHWDU\6XSSRUWXQGHU*675HJLPHWRWKHHOLJLEOHXQLWVORFDWHGLQVSHFL¿HG6WDWHVDPRXQWLQJWR`FURUHV 0DUFK `FURUHV Note 8. Inventories DWWKHORZHURIFRVWDQGQHWUHDOLVDEOHYDOXH ` in Crores As at As at March 31, 2019 March 31, 2018 5DZPDWHULDOV>,QFOXGLQJLQWUDQVLW`FURUHV 0DUFK`FURUHV @ 3DFNLQJPDWHULDOV>,QFOXGLQJLQWUDQVLW`FURUH 0DUFK` FURUH @ 19.49 :RUNLQSURJHVV 79.24 )LQLVKHGJRRGV 7UDGHGJRRGV>,QFOXGLQJLQWUDQVLW`FURUHV 0DUFK`FURUHV @ 71.71 6WRUHVDQG6SDUHV 11.53 10.39 Total 1,149.13 939.36 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 9a. Financial assets - Current Investments Number of units ` in Crores Nominal Value As at As at As at As at ` per unit March March March 31, March 31, 31, 2019 31, 2018 2019 2018 $WIDLUYDOXHWKURXJKSUR¿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ggregate amount of Unquoted Investments 245.51 227.59 Aggregate amount of Repurchase price of Unquoted Investments 245.51 227.59 5HIHUQRWHIRUGHWHUPLQDWLRQRIIDLUYDOXH 139 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 9b. Financial Assets - Trade receivables 8QVHFXUHG ` in Crores Non-Current Current As at As at As at As at March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 8QVHFXUHGFRQVLGHUHGJRRG 574.33 7UDGHUHFHLYDEOHVFUHGLWLPSDLUHG 4.29 4.29 574.33 Impairment allowance (allowance for bad and doubtful debts) 7UDGHUHFHLYDEOHVFUHGLWLPSDLUHG (4.29) Total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ote 9c. Financial assets - Cash and Cash Equivalents ` in Crores Non-Current As at As at March 31, 2019 March 31, 2018 %DODQFHVZLWKEDQNV ±2QFXUUHQWDFFRXQWV 12.40 ±'HSRVLWVZLWKRULJLQDOPDWXULW\RIOHVVWKDQWKUHHPRQWKV &KHTXHVGUDIWVRQKDQG 14.24 10.30 &DVKRQKDQG Total 27.24 64.18 Note 9d. Financial assets - Other bank balances ` in Crores As at As at March 31, 2019 March 31, 2018 ±%DODQFHZLWKEDQNVLQ8QSDLG'LYLGHQG$FFRXQW 5.72 5.54 ±'HSRVLWVZLWKRULJLQDOPDWXULW\RIQRWOHVVWKDQWKUHHPRQWKVEXWOHVVWKDQWZHOYHPRQWKV Total 104.53 56.39 'HSRVLWVDW%DQNVHDUQLQWHUHVWEHWZHHQ WR 0DUFKWR DQGDUHPDGHIRUSHULRGVEHWZHHQWR GD\V 0DUFKSHULRGVEHWZHHQWR GD\V 140 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 )RUWKHSXUSRVHRIWKHVWDWHPHQWRIFDVKÀRZVFDVKDQGFDVKHTXLYDOHQWVFRPSULVHWKHIROORZLQJ ` in Crores As at As at March 31, 2019 March 31, 2018 %DODQFHVZLWKEDQNV ±2QFXUUHQWDFFRXQWV 12.40 ±'HSRVLWVZLWKRULJLQDOPDWXULW\RIOHVVWKDQWKUHHPRQWKV &KHTXHVGUDIWVRQKDQG 14.24 10.30 &DVKRQKDQG 27.24 64.18 /HVV±%DQN2YHUGUDIW 5HIHU1RWHD (3.02) Total 27.24 61.16 Note - 10. Equity ` in Crores As at As at March 31, 2019 March 31, 2018 Authorised Share Capital (TXLW\6KDUHVRI`HDFK 120.00 120.00 0DUFK (TXLW\6KDUHVRI`HDFK Issued Share Capital (TXLW\6KDUHVRI`HDFKIXOO\SDLGXS 97.12 97.11 0DUFK (TXLW\6KDUHVRI`HDFKIXOO\SDLGXS Subscribed and Paid-up Share Capital (TXLW\6KDUHVRI`HDFKIXOO\SDLGXS 97.11 97.10 0DUFK (TXLW\6KDUHVRI`HDFKIXOO\SDLGXS a) The reconciliation of share capital is given below: As at March 31, 2019 As at March 31, 2018 No. of Shares ` in Crores No. of Shares ` in Crores $WWKHEHJLQQLQJRIWKH\HDU 97.10 97.10 $GG 6KDUHVLVVXHGRQH[HUFLVHRI(PSOR\HH6WRFN2SWLRQV 0.01 0.00 5HIHU1RWH $WWKHHQGRIWKH\HDU 97,11,29,711 97.11 97,10,31,428 97.10 5HIHU1RWH b) Terms/Rights attached to equity shares 7KH&RPSDQ\KDVRQO\RQHFODVVRIHTXLW\VKDUHVKDYLQJDSDUYDOXHRI`HDFK+ROGHURIHDFKHTXLW\VKDUHLVHQWLWOHGWRRQHYRWHSHU VKDUH7KH&RPSDQ\GHFODUHVDQGSD\VGLYLGHQGVLQ,QGLDQUXSHHV7KHGLYLGHQGSURSRVHGE\WKH%RDUGRI'LUHFWRUVLVVXEMHFWWRWKH DSSURYDORIWKHVKDUHKROGHUVLQWKHHQVXLQJ$QQXDO*HQHUDO0HHWLQJH[FHSWLQFDVHRILQWHULPGLYLGHQG,QWKHHYHQWRIOLTXLGDWLRQRIWKH &RPSDQ\WKHKROGHUVRIHTXLW\VKDUHVZLOOEHHQWLWOHGWRUHFHLYHUHPDLQLQJDVVHWVRIWKH&RPSDQ\DIWHUGLVWULEXWLRQRIDOOSUHIHUHQWLDO DPRXQWV7KHGLVWULEXWLRQZLOOEHLQSURSRUWLRQWRWKHQXPEHURIHTXLW\VKDUHVKHOGE\WKHVKDUHKROGHUV 141 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 c) Equity shares held by the holding company and/or the subsidiaries/associates of holding company ` in Crores As at As at March 31, 2019 March 31, 2018 8.3DLQWV ,QGLD 3ULYDWH/LPLWHG +ROGLQJ&RPSDQ\ -HQVRQ 1LFKROVRQ $VLD /LPLWHG8. &LWODQG&RPPHUFLDO&UHGLWV/LPLWHG :DQJ,QYHVWPHQW)LQDQFH3YW/WG %LJJ,QYHVWPHQW )LQDQFH3YW/WG d) Details of shareholders holding more than 5 percent of equity shares in the Company As at March 31, 2019 As at March 31, 2018 No. of Shares % holding No. of Shares % holding 8.3DLQWV ,QGLD 3ULYDWH/LPLWHG +ROGLQJ&RPSDQ\ 50.11% 50.11% -HQVRQ 1LFKROVRQ $VLD /LPLWHG8. 14.49% $V SHU UHFRUGV RI WKH &RPSDQ\ LQFOXGLQJ LWV UHJLVWHU RI VKDUHKROGHUVPHPEHUV DQG RWKHU GHFODUDWLRQV UHFHLYHG IURP VKDUHKROGHUV UHJDUGLQJ EHQH¿FLDO LQWHUHVW WKH DERYH VKDUHKROGLQJ UHSUHVHQWV ERWK OHJDO DQG EHQH¿FLDO RZQHUVKLS RI VKDUHV DV GHFODUHG XQGHU WKH UHOHYDQWSURYLVLRQVRIWKH&RPSDQLHV$FW e) Shares reserved for issue under Employee Stock Options: )RUGHWDLOVRIVKDUHVUHVHUYHGIRULVVXHXQGHUWKH(PSOR\HH6WRFN2SWLRQ3ODQ (623 RIWKH&RPSDQ\UHIHU1RWH Note - 11. Other equity ` in Crores As at As at March 31, 2019 March 31, 2018 Reserves & Surplus 6HFXULWLHV3UHPLXP 112.34 5HWDLQHGHDUQLQJV *HQHUDO5HVHUYH Other reserves 6KDUHEDVHGSD\PHQW5HVHUYH 2.20 &DSLWDO5HVHUYH 0.02 0.02 &DSLWDOUHGHPSWLRQ5HVHUYH 0.04 0.04 Total other equity 2,275.24 2,046.51 Securities Premium3UHPLXPUHFHLYHGRQHTXLW\VKDUHVLVVXHGLQFOXGLQJWKRVHXQGHU(PSOR\HH6WRFN2SWLRQ3ODQDUHUHFRJQLVHGLQWKH VHFXULWLHVSUHPLXPDFFRXQWQHWRIXWLOL]DWLRQIRUERQXVVKDUHVLVVXHG Retained Earnings5HWDLQHGHDUQLQJVLQFOXGHVVXUSOXVLQWKH6WDWHPHQWRI3UR¿WDQG/RVV,QG$6UHODWHGDGMXVWPHQWVDVRQWKHGDWHRI WUDQVLWLRQUHPHDVXUHPHQWJDLQVORVVHVRQGH¿QHGEHQH¿WSODQVDQG5HYDOXDWLRQ5HVHUYHWKDWKDGDULVHQIURPUHYDOXDWLRQRI/HDVHKROG /DQG)UHHKROG/DQGDQG)UHHKROG%XLOGLQJVRIWKH&RPSDQ\LQ DQG GRQHE\DSSURYHGYDOXHUV7KHDIRUHPHQWLRQHG UHYDOXDWLRQUHVHUYHLVQRWDIUHHUHVHUYHDVSHUWKH&RPSDQLHV$FWDQGKHQFHLVQRWDYDLODEOHIRUGLVWULEXWLRQDVGLYLGHQG General Reserve8QGHUWKHHUVWZKLOH,QGLDQ&RPSDQLHV$FW DJHQHUDOUHVHUYHZDVFUHDWHGWKURXJKDQDQQXDOWUDQVIHURIQHWLQFRPH DWDVSHFL¿HGSHUFHQWDJHLQDFFRUGDQFHZLWKDSSOLFDEOHUHJXODWLRQVWRHQVXUHWKDWLIDGLYLGHQGGLVWULEXWLRQLQDJLYHQ\HDULVPRUHWKDQ 142 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 RIWKHSDLGFDSLWDORIWKH&RPSDQ\IRUWKDW\HDUWKHWRWDOGLYLGHQGGLVWULEXWLRQLVOHVVWKDQWKHWRWDOGLVWULEXWDEOHUHVXOWVIRUWKDW\HDU &RQVHTXHQWWRLQWURGXFWLRQRI&RPSDQLHV$FWWKHUHTXLUHPHQWWRPDQGDWRULO\WUDQVIHUDVSHFL¿HGSHUFHQWDJHRIWKHQHWSUR¿WWR JHQHUDOUHVHUYHKDVEHHQZLWKGUDZQ Share based payment reserve7KH&RPSDQ\KDVWZR(PSOR\HH6WRFN2SWLRQ3ODQV (623 XQGHUZKLFKRSWLRQVWRVXEVFULEHIRUWKH &RPSDQ\¶VVKDUHVKDYHEHHQJUDQWHGWRVSHFL¿FHPSOR\HHV 7KH 6KDUH EDVHG SD\PHQW UHVHUYH LV XVHG WR UHFRJQLVH WKH YDOXH RI HTXLW\VHWWOHG VKDUHEDVHG SD\PHQWV WR HPSOR\HHV DV SDUW RIWKHLUUHPXQHUDWLRQ7KH\HDUHQGEDODQFHLVQHWRIRSWLRQVH[HUFLVHGE\WKHFRQFHUQHGHPSOR\HHV5HIHUWR1RWHIRUIXUWKHUGHWDLOV RIWKHVHSODQV Capital redemption reserve5HSUHVHQWVDPRXQWHTXDOWRWKHIDFHYDOXHRIHTXLW\VKDUHVWUDQVIHUUHGDWWKHWLPHRIEX\EDFNRIVKDUHV 1RWH2WKHU¿QDQFLDOOLDELOLWies ` in Crores Non-Current Current As at As at As at As at March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 D 2WKHU¿QDQFLDOOLDELOLWLHVDWDPRUWL]HGFRVW ,QWHUHVWDFFUXHGEXWQRWGXHRQERUURZLQJV 0.04 8QSDLG'LYLGHQGV WREHFUHGLWHGWR,QYHVWRU(GXFDWLRQ 5.72 5.54 DQG3URWHFWLRQ)XQGDVDQGZKHQGXH 'HSRVLWV 11.94 3.54 44.37 &DSLWDOFUHGLWRUV 35.03 33.41 $FFUXHGHPSOR\HHOLDELOLWLHV 40.77 2WKHUSD\DEOHV 2.39 E )LQDQFLDOJXDUDQWHHFRQWUDFWV>UHIHUQRWH LLL @ 2.09 2.02 Total 11.94 3.54 130.41 113.95 Note 13. Provisions ` in Crores Non-Current Current As at As at As at As at March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 3URYLVLRQIRUHPSOR\HHEHQH¿WV 3URYLVLRQIRUJUDWXLW\ 5HIHU1RWH 1.43 2.12 3URYLVLRQIRUOHDYHHQFDVKPHQW 17.24 Others 3URYLVLRQIRUGHFRPPLVVLRQLQJ 2.92 5HIHU1RWH D EHORZ Total 3.16 2.92 18.67 15.98 (a) Provision for decommissioning ` in Crores $WWKHEHJLQQLQJRIWKH\HDU 2.92 2.71 'LVFRXQWXQZLQGLQJIRUWKH\HDU 0.24 0.21 $WWKHHQGRIWKH\HDU 3.16 2.92 3URYLVLRQIRUGHFRPPLVVLRQLQJGLVPDQWOLQJRI3URSHUW\3ODQWDQG(TXLSPHQW 143 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 14a. Deferred tax assets & liabilities (net) ` in Crores 6WDWHPHQWRI3UR¿WDQG/RVVDQG Other Comprehensive Income (expence/income) As at As at Year ended Year ended Nature - (liability) / asset March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 Deferred tax liabilities $ULVLQJRXWRIWHPSRUDU\GLIIHUHQFHVLQGHSUHFLDEOHDVVHWV )LQDQFLDO$VVHWVDWIDLUYDOXHWKURXJKSUR¿WDQGORVV 1.54 (0.51) Others 9.59 Total (A) 71.50 64.59 (6.91) 0.94 Deferred tax assets ([SHQVHVDOORZDEOHRQSD\PHQWDFWXDOEDVLVIRUWD[SXUSRVHV 5.53 (3.17) 'HFRPPLVVLRQLQJOLDELOLW\ 0.21 (0.37) 0.35 2WKHUVWKURXJKRWKHUFRPSUHKHQVLYHLQFRPH 1.35 0.25 (1.10) Others Total (B) 10.63 5.99 (4.64) (0.55) Net deferred tax (liabilities)/assets (B-A) (60.87) (58.60) 2.27 (1.49) Reconciliation of deferred tax liabilities (net) ` in Crores As at As at March 31, 2019 March 31, 2018 2SHQLQJEDODQFH 7D[H[SHQVH LQFRPH GXULQJWKHSHULRGUHFRJQLVHGLQ6WDWHPHQWRI3UR¿WDQG/RVV 3.37 (2.11) 7D[H[SHQVH LQFRPH GXULQJWKHSHULRGUHFRJQLVHGLQ2&, (1.10) &ORVLQJEDODQFH 60.87 58.60 'XULQJWKH\HDUHQGHG0DUFK DQG0DUFKWKH&RPSDQ\KDVSDLGGLYLGHQGWRLWVVKDUHKROGHUV7KLVKDVUHVXOWHGLQ SD\PHQWRI'LYLGHQG'LVWULEXWLRQ7D[ ''7 WRWKHWD[DWLRQDXWKRULWLHV7KH&RPSDQ\EHOLHYHVWKDW''7UHSUHVHQWVDGGLWLRQDOSD\PHQW WRWD[DWLRQDXWKRULW\RQEHKDOIRIWKHVKDUHKROGHUV 144 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 1RWHE5HFRQFLOLDWLRQRIWD[H[SHQVHDQGWKHDFFRXQWLQJSUR¿WPXOWLSOLHGE\,QGLD¶VGRPHVWLFWD[UDWHIRU0DUFK DQG March 31, 2018: ,QFRPHWD[RQWKH&RPSDQ\ VWD[DEOHSUR¿WGLIIHUVIURPWKHWKHRUHWLFDODPRXQWWKDWZRXOGKDYHDULVHQKDGWKHHQDFWHGUDWHRIFRUSRUDWH WD[LQ,QGLD EHLQJDSSOLHGWRVXFKWD[DEOHSUR¿WVDVH[SODLQHGEHORZ ` in Crores Year Ended Year Ended March 31, 2019 March 31, 2018 $FFRXQWLQJ3UR¿WEHIRUHLQFRPHWD[ 3UR¿WEHIRUHLQFRPHWD[PXOWLSOLHGE\VWDQGDUGUDWHRIFRUSRUDWHWD[LQ,QGLDRI 0DUFK 241.90 229.04 (IIHFWVRI 3HUPDQHQWGLIIHUHQFHVDIIHFWLQJLQFRPHWD[H[SHQVH ±$GGLWLRQDOGHGXFWLRQDOORZHGLQUHVSHFWRI5 'DFWLYLWLHVFDUULHGRXWE\WKHFRPSDQ\ (3.51) (2.22) ±'LVDOORZDQFHRIH[FHSWLRQDOLWHP LPSDLUPHQW UHIHU1RWH 10.00 ±8WLOLVDWLRQRIXQUHFRJQLVHGWD[ORVVHVRI%-1,QGLDRQDPDOJDPDWLRQ ±2WKHUPLVFHOODQHRXVGLVDOORZDQFHV 3.74 4.57 Net effective income tax 252.13 230.59 7D[H[SHQVHUHSRUWHGLQWKH6WDWHPHQWRI3UR¿WDQG/RVV &XUUHQWWD[ 'HIHUUHGWD[ 3.37 (2.11) ,QFRPHWD[H[SHQVH FUHGLW UHFRJQLVHGLQ2WKHU&RPSUHKHQVLYH,QFRPH (1.10) 252.13 230.59 Note 14(c). Current tax liabilities (net) ` in Crores Year Ended Year Ended March 31, 2019 March 31, 2018 3URYLVLRQIRULQFRPHWD[>QHWRIDGYDQFHWD[RI`&URUHV 3.54 3.54 0DUFK`&URUHV @ Total 3.54 3.54 Note 15. Other liabilities ` in Crores Non-Current Current As at As at As at As at March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 Others $GYDQFHIURPFXVWRPHUV 6WDWXWRU\OLDELOLWLHV 2WKHUOLDELOLWLHV 2.45 1.72 1.11 Total 2.45 1.72 50.39 85.00 145 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 16a. Financial Liabilities- Current borrowings ` in Crores As at As at March 31, 2019 March 31, 2018 Secured )URP%DQNV %DQNRYHUGUDIW 3.02 &DVKFUHGLW 53.74 140.25 :RUNLQJFDSLWDOGHPDQGORDQ Unsecured &RPPHUFLDO3DSHU Total 215.34 143.27 &DVK&UHGLWVIURPEDQNVDUHVHFXUHGE\ZD\RI¿UVWFKDUJHRQERRNGHEWVDQGRWKHUFXUUHQWDVVHWVUDQNLQJSDULSDVVXEHWZHHQWKHOHQGHUV ¿UVWSDULSDVVXFKDUJHRYHUHQWLUHFXUUHQWDVVHWV &DVK&UHGLWLVUHSD\DEOHRQGHPDQGDQGFDUULHVLQWHUHVWDWWRSHUDQQXP 0DUFK SHUDQQXP :RUNLQJ&DSLWDOGHPDQGORDQIURPEDQNVDUHVHFXUHGE\ZD\RI¿UVWFKDUJHRQERRNGHEWVDQGRWKHUFXUUHQWDVVHWVUDQNLQJSDULSDVVX EHWZHHQWKHOHQGHUV ¿UVWSDULSDVVXFKDUJHRYHUHQWLUHFXUUHQWDVVHWV :RUNLQJFDSLWDOGHPDQGORDQLVUHSD\DEOHZLWKLQ$SULO DQGFDUULHVLQWHUHVWDW SHUDQQXP 0DUFK 1LO &RPPHUFLDOSDSHUFDUULHVLQWHUHVWDW SHUDQQXP 0DUFK 1LO DQGLVUHSD\DEOHE\$SULO Amendments to Ind AS 7 Statement of Cash Flows: 7KHDPHQGPHQWVWR,QG$6UHTXLUHHQWLWLHVWRSURYLGHGLVFORVXUHRIFKDQJHVLQWKHLUOLDELOLWLHVDULVLQJIURP¿QDQFLQJDFWLYLWLHVLQFOXGLQJ ERWKFKDQJHVDULVLQJIURPFDVKÀRZVDQGQRQFDVKFKDQJHV VXFKDVIRUHLJQH[FKDQJHJDLQVRUORVVHV 7KH&RPSDQ\KDVSURYLGHGWKH LQIRUPDWLRQIRUERWKWKHFXUUHQWDQGWKHFRPSDUDWLYHSHULRGLVDVXQGHU &KDQJHVLQOLDELOLWLHVDULVLQJIURP¿QDQFLQJDFWLYLWLHV ` in Crores Particulars April 1, 2018 &DVKÀRZV Exchange difference March 31, 2019 Current Borrowings %DQNRYHUGUDIW 3.02 (3.02) &DVKFUHGLW 140.25 53.74 6HFXUHG/RDQ &RPPHUFLDOSDSHU Particulars April 1, 2017 &DVKÀRZV Exchange difference March 31, 2018 Current Borrowings %DQNRYHUGUDIW 5.19 (2.17) 3.02 &DVKFUHGLW 30.20 110.05 140.25 %X\HUV &UHGLW NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 16b. Financial Liabilities- Trade Payables ` in Crores As at As at March 31, 2019 March 31, 2018 L 7RWDORXWVWDQGLQJGXHVRIPLFURHQWHUSULVHVDQGVPDOOHQWHUSULVHV UHIHUQRWHEHORZ LL 7RWDORXWVWDQGLQJGXHVRIFUHGLWRUVRWKHUWKDQPLFURHQWHUSULVHVDQGVPDOOHQWHUSULVHV $FFHSWDQFHV 2XWVWDQGLQJGXHVRIFUHGLWRUVRWKHUWKDQDFFHSWDQFHV >LQFOXGHV5VFURUHV 0DUFK ` FURUHVSD\DEOHWRUHODWHGSDUWLHV @ Total 921.76 914.73 Total (i + ii) 968.14 932.57 ` in Crores As at As at March 31, 2019 March 31, 2018 'LVFORVXUHXQGHUWKH0LFUR6PDOODQG0HGLXP(QWHUSULVHV'HYHORSPHQW$FWDUHSURYLGHGDV XQGHUWRWKHH[WHQWWKH&RPSDQ\KDVUHFHLYHGLQWLPDWLRQIURPWKHVXSSOLHUVUHJDUGLQJWKHLUVWDWXVXQGHU WKH$FW 3ULQFLSDODPRXQWUHPDLQLQJXQSDLGDWWKHHQGRIWKH\HDU 44.24 ,QWHUHVWGXHWKHUHRQUHPDLQLQJXQSDLGDWWKHHQGRIWKH\HDU 2.14 1.51 46.38 17.84 'HOD\HGSD\PHQWRI3ULQFLSDODPRXQWSDLGEH\RQGDSSRLQWHGGDWHGXULQJWKH 27.00 HQWLUH¿QDQFLDO\HDU ,QWHUHVWDFWXDOO\SDLGXQGHU6HFWLRQRIWKH$FWGXULQJWKHHQWLUHDFFRXQWLQJ\HDU $PRXQWRI,QWHUHVWGXHDQGSD\DEOHIRUWKHSHULRGRIGHOD\LQPDNLQJWKHSD\PHQW ZKLFKKDYHEHHQSDLG 0.24 0.33 EXWEH\RQGWKHDSSRLQWHGGD\GXULQJWKH\HDU EXWZLWKRXWDGGLQJLQWHUHVWVSHFL¿HGXQGHUWKLV$FW $PRXQWRI,QWHUHVWGXHDQGSD\DEOHIRUWKHSHULRG ZKHUHSULQFLSDOKDVEHHQSDLGEXWLQWHUHVWXQGHUWKH 0.30 060('$FWQRWSDLG ,QWHUHVWDFFUXHGDQGUHPDLQLQJXQSDLGDWWKHHQGRIWKH\HDU 0.43 7KH DPRXQW RI IXUWKHU LQWHUHVW UHPDLQLQJ GXH DQG SD\DEOH HYHQ LQ VXFFHHGLQJ \HDUV XQWLO VXFK GDWH ZKHQWKHLQWHUHVWGXHVDVDERYHDUHDFWXDOO\SDLGWRWKH0LFURDQG6PDOO(QWHUSULVHVIRUWKHSXUSRVHRI 2.14 1.51 GLVDOORZDQFHVDVGHGXFWLEOHH[SHQGLWXUHXQGHU6HFWLRQRIWKLV$FW Terms and conditions of the above trade payables: 7UDGHSD\DEOHVDUHQRQLQWHUHVWEHDULQJDQGDUHQRUPDOO\VHWWOHGRQ GD\VWHUPV )RUWHUPVDQGFRQGLWLRQVRIWUDQVDFWLRQVZLWKUHODWHGSDUWLHVUHIHU1RWH 147 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 1RWH7KHFDUU\LQJYDOXHDQGIDLUYDOXHRI¿QDQFLDOLQVWUXPHQWVE\FDWHJRU\DVDWHQGRIWKH\HDUDUHDVIROORZV Note 17a. Financial Assets ` in Crores As at As at March 31, 2019 March 31, 2018 Financial Assets - Non Current $W)DLU9DOXHWKURXJKSUR¿WRUORVV ,QYHVWPHQWV 0.00 0.00 $W$PRUWLVHG&RVW D /RDQVDQGGHSRVLWV 19.99 E 2WKHU¿QDQFLDODVVHWV 4.14 2.53 20.56 22.52 $W'HHPHG&RVW6XEVHTXHQWDGGLWLRQVDWFRVW D ,QYHVWPHQWV 7RWDO1RQFXUUHQW¿QDQFLDODVVHWV D 352.36 325.70 )LQDQFLDODVVHWVFXUUHQW $WIDLUYDOXHWKURXJKSUR¿WRUORVV D ,QYHVWPHQWV 245.51 227.59 $W$PRUWLVHGFRVW D 7UDGHUHFHLYDEOHV 574.33 E &DVKDQGFDVKHTXLYDOHQWV 27.24 F %DQNEDODQFHVRWKHUWKDQ E DERYH 104.53 G /RDQVDQGGHSRVLWV H 2WKHU¿QDQFLDODVVHWV 3.27 7RWDO&XUUHQW¿QDQFLDODVVHWV E 962.86 951.02 7RWDO¿QDQFLDODVVHWV DE 1,315.22 1,276.72 5HIHU1RWH NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 17b. Financial liabilities ` in Crores As at As at March 31, 2019 March 31, 2018 Financial Liabilities - Non Current $W$PRUWLVHG&RVW D 2WKHU)LQDQFLDO/LDELOLWLHV 'HSRVLWV 11.94 3.54 Total Non Current Financial Liabilities (a) 11.94 3.54 )LQDQFLDO/LDELOLWLHV&XUUHQW $WIDLUYDOXHWKURXJKSUR¿WDQGORVV 2WKHU)LQDQFLDOOLDELOLWLHV )RUHLJQH[FKDQJHIRUZDUGFRQWUDFWV )LQDQFLDOJXDUDQWHHFRQWUDFWV 2.09 2.02 $W$PRUWLVHG&RVW D %RUURZLQJV 215.34 143.27 E 7UDGH3D\DEOHV L 7RWDORXWVWDQGLQJGXHVRIPLFURHQWHUSULVHVDQGVPDOOHQWHUSULVHV LL 7RWDORXWVWDQGLQJGXHVRIFUHGLWRUVRWKHUWKDQPLFURHQWHUSULVHVDQGVPDOOHQWHUSULVHV 914.73 F 2WKHU)LQDQFLDOOLDELOLWLHV ,QWHUHVWDFFUXHGEXWQRWGXHRQERUURZLQJV 0.04 8QSDLG'LYLGHQGV WREHFUHGLWHGWR,QYHVWRU(GXFDWLRQDQG3URWHFWLRQ)XQGDVDQGZKHQGXH 5.72 5.54 Others 'HSRVLWV 44.37 &DSLWDOFUHGLWRUV 35.03 33.41 $FFUXHGHPSOR\HHOLDELOLWLHV 40.77 2WKHUSD\DEOHV 2.39 7RWDO&XUUHQW¿QDQFLDOOLDELOLWLHV E 1,313.89 1,189.79 7RWDO¿QDQFLDOOLDELOLWLHV DE 1,325.83 1,193.33 $OVRUHIHU1RWHIRUIDLUYDOXHKHLUDUFK\ 149 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 18. Distribution made and proposed ` in Crores As at As at March 31, 2019 March 31, 2018 Dividends on equity shares declared and paid: )LQDOGLYLGHQGIRU0DUFK`SHUVKDUH 0DUFK`SHUVKDUH 'LYLGHQG'LVWULEXWLRQ7D[RQ¿QDOGLYLGHQG 35.93 34.59 210.71 204.52 Proposed dividends on equity shares: )LQDOGLYLGHQGIRU0DUFK ` SHUVKDUH 0DUFK`SHUVKDUH 'LYLGHQG'LVWULEXWLRQ7D[RQSURSRVHGGLYLGHQG 37.93 35.93 222.44 210.71 $VDW0DUFK SURSRVHGGLYLGHQGRQHTXLW\VKDUHVDUHVXEMHFWWRDSSURYDOLQWKHHQVXLQJ$QQXDO*HQHUDO0HHWLQJ3HQGLQJVXFK DSSURYDOSURSRVHGGLYLGHQGDQGGLYLGHQGGLVWULEXWLRQWD[WKHUHRQKDYHQRWEHHQUHFRJQLVHGLQWKHVH,QG$6¿QDQFLDOVWDWHPHQWV Note 19. Revenue from Operations ` in Crores Year ended Year ended March 31, 2019 March 31, 2018 6DOHRISURGXFWVQHWRIUHEDWHVDQGGLVFRXQWV LQFOXGLQJH[FLVHGXW\ >UHIHUQRWHEHORZ@ 5,457.05 4,792.67 &RQWUDFWUHYHQXH 3.35 2WKHURSHUDWLQJUHYHQXH 6FUDSVDOHV 10.79 Others Total 5,515.55 4,839.37 5HYHQXHIURPRSHUDWLRQVIRUSHULRGXSWR-XQHLQFOXGHVH[FLVHGXW\)URP-XO\RQZDUGVH[FLVHGXW\DQGPRVWLQGLUHFWWD[HV LQ,QGLDKDYHEHHQUHSODFHGE\*RRGVDQG6HUYLFH7D[ *67 7KH&RPSDQ\FROOHFWV*67IURPLWVFXVWRPHUVRQEHKDOIRIWKH*RYHUQPHQW DQGKHQFH*67LVQRWLQFOXGHGLQ5HYHQXHIURPRSHUDWLRQV5HYHQXHIURPRSHUDWLRQVLQFOXGHVH[FLVHGXW\FROOHFWHGIURPFXVWRPHUVRI `1LO 0DUFK `FURUHV 5HYHQXHIURPRSHUDWLRQVQHWRIH[FLVHGXW\LV` 0DUFK` FURUHV ,Q YLHZRIWKHDIRUHVDLGFKDQJHLQLQGLUHFWWD[HV5HYHQXHIURPRSHUDWLRQVIRU\HDUHQGHG0DUFK LVQRWFRPSDUDEOHZLWKWKHDPRXQW UHSRUWHGIRUWKH\HDUHQGHG0DUFK 5HYHQXHIURPVDOHRISURGXFWVDUHUHFRJQLVHGZKHQJRRGVDUHWUDQVIHUUHGDWDSRLQWLQWLPH &RQWUDFWUHYHQXHLVUHFRJQLVHGRYHUDSHULRGRIWLPH 150 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 20. Other income ` in Crores Year ended Year ended March 31, 2019 March 31, 2018 ,QWHUHVW,QFRPH ,QYHVWPHQWLQ'HSRVLWVZLWKEDQNVFDUULHGDWDPRUWLVHGFRVW 4.70 Others 'LYLGHQGLQFRPHIURPVXEVLGLDU\ 2WKHUQRQRSHUDWLQJLQFRPH 1HWJDLQRQVDOHRIPXWXDOIXQGLQYHVWPHQWVPHDVXUHGDW)973/ )DLUYDOXHJDLQRQPXWXDOIXQGLQYHVWPHQWVPHDVXUHGDW)973/ 4.41 Others 22.92 Total 53.63 46.53 Note 21. Cost of materials consumed ` in Crores Year ended Year ended March 31, 2019 March 31, 2018 5DZ0DWHULDOV&RQVXPHG 2SHQLQJ6WRFN 3XUFKDVHV &ORVLQJVWRFN 2,722.99 2,108.05 3DFNLQJ0DWHULDO&RQVXPHG 2SHQLQJ6WRFN 19.49 3XUFKDVHV 427.91 &ORVLQJVWRFN (19.49) 427.04 362.38 Cost of materials consumed* 3,150.03 2,470.43 $OVRUHIHUQRWH IRUH[SHQVHVRQUHVHDUFKDQGGHYHORSPHQW 151 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 1RWH ,QFUHDVH LQLQYHQWRULHVRI¿QLVKHGJRRGVZRUNLQSURJUHVVDQGWUDGHGJRRGV ` in Crores Year ended Year ended March 31, 2019 March 31, 2018 Opening Stock :RUNLQSURJUHVV )LQLVKHGJRRGV 517.71 7UDGHGJRRGV 71.71 630.69 637.63 Closing Stock :RUNLQSURJUHVV 79.24 )LQLVKHGJRRGV 7UDGHGJRRGV 71.71 799.36 630.69 ,QFUHDVH LQ([FLVH'XW\RQ6WRFNRI)LQLVKHG*RRGV ,QFUHDVH LQLQYHQWRULHVRI¿QLVKHGJRRGVZRUNLQSURJUHVVDQGWUDGHGJRRGV (168.67) (87.66) ,QFOXGHVUHYHUVDORIH[FLVHGXW\RQ,QYHQWRU\DVDW0DUFK'XHWRLPSOHPHQWDWLRQRI*67LQWKHSUHYLRXV\HDUWKHUHLVQR H[FLVHGXW\HOHPHQWRQWKHLQYHQWRU\DVDW0DUFKDQG0DUFK 1RWH(PSOR\HHEHQH¿WVH[SHQVH ` in Crores Year ended Year ended March 31, 2019 March 31, 2018 6DODULHVDQGZDJHV &RQWULEXWLRQWRSURYLGHQWDQGRWKHUIXQGV 5HIHU1RWH (PSOR\HHVWRFNRSWLRQFRVW 5HIHU1RWH 6WDIIZHOIDUHH[SHQVHV 22.45 Total 311.67 269.84 $OVRUHIHUQRWHQR IRUH[SHQVHVRQUHVHDUFKDQGGHYHORSPHQW Note 24. Finance Costs ` in Crores Year ended Year ended March 31, 2019 March 31, 2018 ,QWHUHVWRQGHEWDQGERUURZLQJV 20.55 15.99 8QZLQGLQJRIGLVFRXQWRQSURYLVLRQV 5HIHU1RWH 0.24 0.21 Total 20.79 16.20 152 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 25. Depreciation and amortization expense ` in Crores Year ended Year ended March 31, 2019 March 31, 2018 'HSUHFLDWLRQRIWDQJLEOHDVVHWV 119.04 $PRUWL]DWLRQRILQWDQJLEOHDVVHWV 3.13 3.27 Total 122.17 111.92 Note 26. Other expenses ` in Crores Year ended Year ended March 31, 2019 March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otal 979.87 922.21 %DGGHEWVZULWWHQRII` &URUHV 0DUFK`&URUHV Note 26.1 Auditor's Remuneration ` in Crores Year ended Year ended March 31, 2019 March 31, 2018 As Auditor: $XGLWIHHV 0.47 0.47 7D[DXGLWIHH 0.04 0.04 0LVFHOODQHRXVFHUWL¿FDWHVDQGRWKHUPDWWHUV 5HLPEXUVHPHQWRIH[SHQVHV 0.02 Total 0.65 0.61 153 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 26.2 Details of CSR expenditure: ` in Crores Year ended Year ended March 31, 2019 March 31, 2018 D *URVVDPRXQWUHTXLUHGWREHVSHQWE\WKH&RPSDQ\GXULQJWKH\HDU 12.19 10.34 E $PRXQWVSHQWGXULQJWKH\HDU L &RQVWUXFWLRQ$FTXLVWLRQRIDQDVVHW LL 3XUSRVHVRWKHUWKDQ L DERYH 13.47 10.43 Total 13.47 10.43 &RUSRUDWH 6RFLDO 5HVSRQVLELOLW\ H[SHQVHG ` FURUHV 0DUFK ` FURUHV LQFOXGHV &RPSDQ\¶V RZQ SURJUDPPH IRU SURPRWLQJHPSOR\PHQWHQKDQFLQJYRFDWLRQDOVNLOOSURJUDPPHQDPHG L7UDLQ Note 26.3. Exceptional Items ` in Crores Year ended Year ended March 31, 2019 March 31, 2018 ,PSDLUPHQWLQVXEVLGLDU\ Total (28.60) - 7KH&RPSDQ\KDGLQDQHDUOLHU\HDUSURYLGHGIRULPSDLUPHQWDPRXQWLQJWR`FURUHVLQWKHFDUU\LQJYDOXHRILWVLQYHVWPHQWLQLWVZKROO\ RZQHGVXEVLGLDU\%HUJHU3DLQWV&\SUXV/LPLWHG %3&/ RQDFFRXQWRIORVVHVVXVWDLQHGE\WKHXOWLPDWHZKROO\RZQHGVXEVLGLDU\%HUJHU3DLQWV 2YHUVHDV/LPLWHG %32/ GXHWRGRZQWXUQLQ5XVVLDQHFRQRP\ZKLFKZHUHUHÀHFWHGLQWKHFRQVROLGDWHG¿QDQFLDOSRVLWLRQRIWKH&RPSDQ\ %32/FRQWLQXHVWRPDNHORVVHVDQGKHQFHWKH&RPSDQ\KDVPDGHDQDVVHVVPHQWRIWKHIDLUYDOXHOHVVFRVWVWRVHOORIIWKHLQYHVWPHQWVLQ %HUJHU3DLQWV2YHUVHDV/LPLWHGWDNLQJLQWRDFFRXQWPDQDJHPHQW VEHVWHVWLPDWHRIWKHHVWLPDWHGIDLUYDOXHOHVVFRVWVWRVHOORIIWKHFDUU\LQJ YDOXHRIDVVHWVDQGOLDELOLWLHVRIWKHZKROO\RZQHGVXEVLGLDU\%DVHGRQWKHDERYHDQGDVPDWWHURISUXGHQFHDIXUWKHUSURYLVLRQRI` FURUHVKDVEHHQUHFRJQLVHGLQWKHFXUUHQW\HDUWRZDUGVLPSDLUPHQWRIVXFKLQYHVWPHQWDQGKDVEHHQDFFRXQWHGIRUDVDQH[FHSWLRQDOLWHP LQWKH6WDWHPHQWRI3UR¿WDQG/RVV 154 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 27. Earnings Per Share (EPS) %DVLF(36DPRXQWVDUHFDOFXODWHGE\GLYLGLQJWKHSUR¿WIRUWKH\HDUDWWULEXWDEOHWRHTXLW\KROGHUVRIWKH&RPSDQ\E\WKHZHLJKWHGDYHUDJH QXPEHURIHTXLW\VKDUHVRXWVWDQGLQJGXULQJWKH\HDU 'LOXWHG(36DPRXQWVDUHFDOFXODWHGE\GLYLGLQJWKHSUR¿WDWWULEXWDEOHWRHTXLW\KROGHUVRIWKH&RPSDQ\E\WKHZHLJKWHGDYHUDJHQXPEHU RIHTXLW\VKDUHVRXWVWDQGLQJGXULQJWKH\HDUSOXVWKHZHLJKWHGDYHUDJHQXPEHURIHTXLW\VKDUHVWKDWZRXOGEHLVVXHGRQFRQYHUVLRQRIDOO WKHGLOXWLYHSRWHQWLDOHTXLW\VKDUHVLQWRHTXLW\VKDUHV 7KHIROORZLQJWDEOHUHÀHFWVWKHLQFRPHDQGHDUQLQJVSHUVKDUHGDWDXVHGLQWKHEDVLFDQGGLOXWHG(36FRPSXWDWLRQV ` in Crores Year ended Year ended March 31, 2019 March 31, 2018 1HW3UR¿WDIWHUWD[IRUFDOFXODWLRQRI%DVLFDQG'LOXWHG(DUQLQJV3HU6KDUH `LQFURUHV , 439.03 :HLJKWHGDYHUDJHQXPEHURIVKDUHV ,, %DVLF 'LOXWHG UHIHUQRWHEHORZ (DUQLQJSHUHTXLW\VKDUH>QRPLQDOYDOXHRI5HSHUVKDUH> , ,, @ %DVLF 4.52 4.45 'LOXWHG 4.52 4.45 1HW3UR¿WDIWHUWD[IRUFDOFXODWLRQRI%DVLFDQG'LOXWHG(DUQLQJV3HU6KDUHLVQHWRIIH[FHSWLRQDO LWHP UHIHUQRWHIRUGHWDLOV (IIHFWRIGLOXWLRQ 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FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 )DLUYDOXHPHDVXUHPHQWRI¿QDQFLDOLQVWUXPHQWVDQGJXDUDQWHHV :KHQWKHIDLUYDOXHVRI¿QDQFLDODVVHWVDQG¿QDQFLDOOLDELOLWLHVUHFRUGHGLQWKH%DODQFH6KHHWFDQQRWEHPHDVXUHGEDVHGRQTXRWHGSULFHVLQ DFWLYHPDUNHWVWKHLUIDLUYDOXHLVPHDVXUHGXVLQJYDOXDWLRQWHFKQLTXHVLQFOXGLQJWKH'&)PRGHO7KHLQSXWVWRWKHVHPRGHOVDUHWDNHQIURP REVHUYDEOHPDUNHWVZKHUHSRVVLEOHEXWZKHUHWKLVLVQRWIHDVLEOHDGHJUHHRIMXGJHPHQWLVUHTXLUHGLQHVWDEOLVKLQJIDLUYDOXHV-XGJHPHQWV LQFOXGHFRQVLGHUDWLRQVRILQSXWVVXFKDVOLTXLGLW\ULVNFUHGLWULVNDQGYRODWLOLW\&KDQJHVLQDVVXPSWLRQVDERXWWKHVHIDFWRUVFRXOGDIIHFW WKHUHSRUWHGIDLUYDOXHRI¿QDQFLDOLQVWUXPHQWV6HH1RWHIRUIXUWKHUGLVFORVXUHV Depreciation on Property, Plant and Equipment 3URSHUW\SODQWDQGHTXLSPHQWUHSUHVHQWDVLJQL¿FDQWSURSRUWLRQRIWKHDVVHWEDVHRIWKH&RPSDQ\7KHFKDUJHLQUHVSHFWRISHULRGLF GHSUHFLDWLRQLVGHULYHGDIWHUGHWHUPLQLQJDQHVWLPDWHRIDQDVVHW¶VH[SHFWHGXVHIXOOLIHDQGWKHH[SHFWHGUHVLGXDOYDOXHDWWKHHQGRILWVOLIH 7KHXVHIXOOLYHVDQGUHVLGXDOYDOXHVRIFRPSDQ\ 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Information on joint ventures 'HVFULSWLRQRI&RPSDQ\ VLQWHUHVWLQWKHMRLQWYHQWXUH&RPSDQLHV As at As at March 31, 2019 March 31, 2018 Proportion of Country of Proportion of Country of Name of the entity Interest Incorporation Interest Incorporation %HUJHU%HFNHU&RDWLQJV3ULYDWH/LPLWHG ,QGLD ,QGLD %HUJHU1LSSRQ3DLQW$XWRPRWLYH&RDWLQJV3ULYDWH/WG )RUPHUO\ %1%&RDWLQJV,QGLD3ULYDWH/LPLWHG%1%&RDWLQJV,QGLD/LPLWHG 49.00% ,QGLD 49.00% ,QGLD 6XUH¿UH0DQDJHPHQW6HUYLFHV/WG 606 75.00% 8QLWHG.LQJGRP 75.00% 8QLWHG.LQJGRP NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 1RWH*UDWXLW\DQGRWKHUSRVWHPSOR\PHQWEHQH¿WSODQV , 'H¿QHGEHQH¿WSODQV (a) Gratuity L 7KHIROORZLQJWDEOHVXPPDUL]HVWKHFRPSRQHQWVRIQHWGH¿QHGEHQH¿WH[SHQVHWRZDUGVJUDWXLW\UHFRJQLVHGLQWKH6WDWHPHQWRI3UR¿W DQGORVVDQG2&,DQGWKHIXQGHGVWDWXVDQGDPRXQWVUHFRJQLVHGLQWKH%DODQFH6KHHW ` in Crores As at As at Particulars March 31, 2019 March 31, 2018 &KDQJHVLQWKHSUHVHQWYDOXHRIGH¿QHGEHQH¿WREOLJDWLRQ 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Leases Operating lease – Company as lessee 7KH&RPSDQ\ VOHDVLQJDUUDQJHPHQWVIRUYDULRXVGHSRWVRI¿FHVHWFDUHLQWKHQDWXUHRIRSHUDWLQJOHDVHVZKLFKDUHFDQFHOODEOHDWWKHRSWLRQ RIWKH&RPSDQ\7KHVHOHDVHVKDYHDOLIHEHWZHHQ\HDUWR\HDUV 0DUFK\HDUWR\HDUV ZKLFKLVUHQHZDEOHE\PXWXDO FRQVHQWRIFRQFHUQHGSDUWLHV1RFRQWLQJHQWUHQWLVSD\DEOHE\WKH&RPSDQ\LQUHVSHFWRIWKHDERYHOHDVHV6RPHRIWKHOHDVHDJUHHPHQWV KDYHSULFHHVFDODWLRQFODXVHV5HODWHGOHDVHUHQWDOVKDYHEHHQGLVFORVHGXQGHUWKHKHDG5HQWLQ1RWHRI6WDWHPHQWRI3UR¿WDQG/RVV 7KHUHDUHQRUHVWULFWLRQVSODFHGXSRQWKH&RPSDQ\E\VXFKOHDVHV Operating lease – Company as lessor 7KH&RPSDQ\KDVJLYHQ&RORU%DQN WLQWLQJPDFKLQHV RQRSHUDWLQJOHDVHWRLWVGHDOHUV7KH&RPSDQ\HQWHUVLQWR\HDUVFDQFHOODEOH OHDVHDJUHHPHQWV+RZHYHUWKHFRUUHVSRQGLQJOHDVHUHQWDOVPD\EHUHFHLYDEOHIRUDVKRUWHUSHULRGRUPD\EHZDLYHGRIIUHIXQGHGRQ DFKHLYHPHQWRIFHUWDLQVDOHVWDUJHWVE\WKHFRQFHUQHGGHDOHUV7KHPLQLPXPDJJUHJDWHOHDVHSD\PHQWVWREHUHFHLYHGLQIXWXUHLVFRQVLGHUHG DV` 1LO$FFRUGLQJO\WKHGLVFORVXUHRIWKHPLQLXPOHDVHSD\PHQWVUHFHLYDEOHDWWKH%DODQFHVKHHWGDWHLVQRWPDGH7KHDPRXQWVUHFHLYHG IURPFXVWRPHUVSHQGLQJWREHUHIXQGHGEDFNDUHUHFRJQLVHGDVOLDELOLWLHVDQGDUHLQFOXGHGLQ'HSRVLWVXQGHU2WKHU¿QDQFLDOOLDELOLWLHVLQ 1RWH$OVRUHIHUQRWH Note 33. Commitment and Contingencies a. Commitments ` in Crores As at As at March 31, 2019 March 31, 2018 D (VWLPDWHGDPRXQWRIFRQWUDFWVUHPDLQLQJWREHH[HFXWHGRQFDSLWDODFFRXQWDQGQRW SURYLGHGIRU QHWRIDGYDQFHV b. Contingent Liabilities L &ODLPVDJDLQVWWKH&RPSDQ\QRWDFNQRZOHGJHGDVGHEWV ` in Crores As at As at Legal claim contingency March 31, 2019 March 31, 2018 6DOHV7D[ ([FLVH'XW\6HUYLFH7D[&XVWRPV 21.05 25.79 49.58 54.24 7KH&RPSDQ\KDVEHHQDGYLVHGE\LWVODZ\HUVWKDWQRQHRIWKHFODLPVDUHWHQDEOHDQGLVWKHUHIRUHFRQWHVWLQJWKHVDPHDQGKHQFHKDVQRW EHHQSURYLGHGIRULQWKHERRNV7KHIXWXUHFDVKÀRZVRQDFFRXQWRIWKHDERYHFDQQRWEHGHWHUPLQHGXQOHVVWKHMXGJHPHQWVGHFLVLRQVDUH UHFHLYHGIURPWKHXOWLPDWHMXGLFLDOIRUXPV1RUHLPEXUVHPHQWVLVH[SHFWHGWRDULVHWRWKH&RPSDQ\LQUHSHFWRIDERYHFDVHV 7KHUHDUHQXPHURXVLQWHUSUHWDWLYHLVVXHVUHODWLQJWRWKH6XSUHPH&RXUW 6& MXGJHPHQWGDWHG)HEUXDU\ RQ3URYLGHQW)XQG 3) RQWKHLQFOXVLRQRIDOORZDQFHVIRUWKHSXUSRVHRI3)FRQWULEXWLRQDVZHOODVLWVDSSOLFDELOLW\RIHIIHFWLYHGDWH7KHLPSDFWLVQRWH[SHFWHG WREHPDWHULDODVSHUWKHDVVHVVPHQWPDGHE\WKH&RPSDQ\ ` in Crores As at As at March 31, 2019 March 31, 2018 *XUDQWHHVH[FOXGLQJ¿QDQFLDOJXDUDQWHHV LL2XWVWDQGLQJ%DQNJXDUDQWHHV 30.23 Financial guarantees LLL&RUSRUDWHJXDUDQWHHVLVVXHGE\WKH&RPSDQ\WRFHUWDLQEDQNVIRUORDQVWDNHQE\VRPHRI LWVVXEVLGLDULHVDQGDPRXQWRXWVWDQGLQJDVDWWKH\HDUHQG 5HIHUQRWHDDQGEEHORZ NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 D 7KH&RPSDQ\KDVPRUWJDJHGFHUWDLQLPPRYDEOHSURSHUWLHVZLWK6WDQGDUG&KDUWHUHG%DQNDQGKDVDOVRFUHDWHGFKDUJHRQFHUWDLQ ¿[HGPRYHDEOHDVVHWVZLWK'%6%DQNLQUHODWLRQWRORDQH[WHQGHGWRLWVVXEVLGLDU\0V/XVDNR7UDGLQJ/LPLWHG E 7KHORDQLVXWLOLVHGE\WKHVDLGVXEVLGLDU\IRULWVEXVLQHVVSXUSRVHV$OVRUHIHUQRWHDQG 34a. Disclosure in respect of Related Parties pursuant to Ind AS 24 List of Related Parties I. Parent and Subsidiary Companies: Name of related parties Nature of relationship Principal Place of business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¿UH0DQDJHPHQW6HUYLFHV/LPLWHG -RLQW9HQWXUHRI%ROL[6$ 8QLWHG.LQJGRP NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 II. Other related parties with whom transactions have taken place during the year: a) Key Management Personnel Name of related parties Nature of relationship 0U.XOGLS6LQJK'KLQJUD 'LUHFWRU 0U*XUEDFKDQ6LQJK'KLQJUD 'LUHFWRU 0U.DQZDUGLS6LQJK'KLQJUD ([HFXWLYHGLUHFWRUDQGUHODWLYHRI0U*XUEDFKDQ6LQJK'KLQJUD 0V5LVKPD.DXU ([HFXWLYHGLUHFWRUDQGUHODWLYHRI0U.XOGLS6LQJK'KLQJUD 0U$EKLMLW5R\ 0DQDJLQJ'LUHFWRU &(2 0U6ULMLW'DVJXSWD 'LUHFWRU)LQDQFH &KLHI)LQDQFLDO2I¿FHU 0U$QLUXGGKD6HQ 6HQLRU9LFH3UHVLGHQW &RPSDQ\6HFUHWDU\ 0U.DPDO5DQMDQ'DV ,QGHSHQGHQW'LUHFWRU 0U1DUHVK*XMUDO ,QGHSHQGHQW'LUHFWRU 0U'KLUHQGUD6ZDUXS ,QGHSHQGHQW'LUHFWRU 0U*RSDO.ULVKQD3LOODL ,QGHSHQGHQW'LUHFWRU 0U$QRRS+RRQ ,QGHSHQGHQW'LUHFWRUZHI)HEUXDU\ 0UV6RQX+DODQ%KDVLQ ,QGHSHQGHQW'LUHFWRUZHI)HEUXDU\ b) Others Name of related parties Nature of relationship %HUJHU%HFNHU&RDWLQJV3ULYDWH/LPLWHG -RLQW9HQWXUHRIWKH&RPSDQ\ %HUJHU1LSSRQ3DLQW$XWRPRWLYH&RDWLQJV3ULYDWH -RLQW9HQWXUHRIWKH&RPSDQ\ /LPLWHG -HQVRQ 1LFKROVRQ $VLD /LPLWHG )HOORZ6XEVLGLDU\ %HUJHU3DLQWV %DQJODGHVK /LPLWHG )HOORZ6XEVLGLDU\ &LWODQG&RPPHUFLDO&UHGLWV/LPLWHG )HOORZ6XEVLGLDU\ :DQJ,QYHVWPHQW)LQDQFH3ULYDWH/LPLWHG )HOORZ6XEVLGLDU\ NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 II. Other related parties with whom transactions have taken place during the year: (Contd) Name of related parties Nature of relationship .DQZDU3URSHUWLHV3ULYDWH/LPLWHG )HOORZ6XEVLGLDU\ %HUJHU3DLQWV3URYLGHQW)XQG &RYHUHG 3RVWHPSOR\PHQWEHQH¿WSODQRIWKH&RPSDQ\ %HUJHU3DLQWV2I¿FHUV 1RQ0DQDJHPHQW&DWHJRU\ 3RVWHPSOR\PHQWEHQH¿WSODQRIWKH&RPSDQ\ 6XSHUDQQXDWLRQ)XQG %HUJHU3DLQWV0DQDJHPHQW6WDII6XSHUDQQXDWLRQ)XQG 3RVWHPSOR\PHQWEHQH¿WSODQRIWKH&RPSDQ\ %$,&/(PSOR\HHV6XSHUDQQXDWLRQ)XQG 3RVWHPSOR\PHQWEHQH¿WSODQRIWKH&RPSDQ\ %$,&/(PSOR\HHV*UDWXLW\)XQG 3RVWHPSOR\PHQWEHQH¿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b. Disclosure in respect of Related Parties pursuant to Ind AS 24 A. During the year the following transactions were carried out with the related parties in the ordinary course of business: ` in Crores Transaction Related Party Year ended Year ended March 31, 2019 March 31, 2018 6DOHRI*RRGV LQFOXGHVVDOHRIUDZPDWHULDOVSDFNLQJ %HUJHU%HFNHU&RDWLQJV3ULYDWH/LPLWHG 0.70 1.57 PDWHULDOVLQWHUPHGLDWHVWUDGHGJRRGVDQGVWRUHV %HUJHU-HQVRQ 1LFKROVRQ 1HSDO 3ULYDWH/LPLWHG 14.09 9.54 %HUJHU1LSSRQ3DLQW$XWRPRWLYH&RDWLQJV3ULYDWH 21.23 /LPLWHG %HUJHU5RFN3DLQWV3ULYDWH/LPLWHG 4.52 :D]LU(VWDWHV3ULYDWH/LPLWHG 0.04 %HUJHU3DLQWV %DQJODGHVK /LPLWHG 0.07 0.70 %HUJHU3DLQWV2YHUVHDV/LPLWHG 2.90 1.10 8.3DLQWV ,QGLD 3ULYDWH/LPLWHG 0.37 0.40 6%/6SHFLDOW\&RDWLQJV3ULYDWH/LPLWHG 1.75 0U.XOGLS6LQJK'KLQJUD 0.03 0.03 0U*XUEDFKDQ6LQJK'KLQJUD 0.00 0.00 6HDZDUG3DFNDJLQJ3ULYDWH/LPLWHG 0.00 5R\DOW\,QFRPH %HUJHU-HQVRQ 1LFKROVRQ 1HSDO 3ULYDWH/LPLWHG 1.97 &RQVXOWDQF\,QFRPH %HUJHU3DLQWV %DQJODGHVK /LPLWHG 0.21 0.29 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 A. During the year the following transactions were carried out with the related parties in the ordinary course of business: (Contd) ` in Crores Transaction Related Party Year ended Year ended March 31, 2019 March 31, 2019 6RIWZDUH/LFHQVH,QFRPH %HUJHU1LSSRQ3DLQW$XWRPRWLYH&RDWLQJV3ULYDWH/LPLWHG 2.53 ,QWHUHVW,QFRPH 6%/6SHFLDOW\&RDWLQJV3ULYDWH/LPLWHG 0.09 3XUFKDVHRI*RRGV LQFOXGHVSXUFKDVHRIUDZ 8.3DLQWV ,QGLD 3ULYDWH/LPLWHG PDWHULDOVSDFNLQJPDWHULDOVDQGWUDGHGJRRGV %HUJHU%HFNHU&RDWLQJV3ULYDWH/LPLWHG 0.05 6%/6SHFLDOW\&RDWLQJV3ULYDWH/LPLWHG 0.00 6HDZDUG3DFNDJLQJ3ULYDWH/LPLWHG 45.99 %HUJHU1LSSRQ3DLQW$XWRPRWLYH&RDWLQJV3ULYDWH/LPLWHG 3URFHVVLQJ&KDUJHV 8.3DLQWV ,QGLD 3ULYDWH/LPLWHG 22.00 %HHSHH&RDWLQJV3ULYDWH/LPLWHG 25.29 24.45 5HQW([SHQVHV 8.3DLQWV ,QGLD 3ULYDWH/LPLWHG 2.45 3.94 )OH[3URSHUWLHV3ULYDWH/LPLWHG 0.15 %HHSHH&RDWLQJV3ULYDWH/LPLWHG 0.07 .DQZDU3URSHUWLHV3ULYDWH/LPLWHG 0.55 %HUJHU1LSSRQ3DLQW$XWRPRWLYH&RDWLQJV3ULYDWH/LPLWHG 0.07 0U.XOGLS6LQJK'KLQJUD 0.21 0.24 0U*XUEDFKDQ6LQJK'KLQJUD 0.21 0.24 6HFXULW\'HSRVLW5HIXQGHG 8.3DLQWV ,QGLD 3ULYDWH/LPLWHG 0.11 0.11 6DOHRI3URSHUW\SODQWDQGHTXLSPHQW %HUJHU5RFN3DLQWV3ULYDWH/LPLWHG %HUJHU3DLQWV2YHUVHDV/LPLWHG 0.02 &RUSRUDWH*XDUDQWHH,QFRPH /XVDNR7UDGLQJ/LPLWHG 1.39 0.91 3URFHVVLQJ,QFRPH %HUJHU1LSSRQ3DLQW$XWRPRWLYH&RDWLQJV3ULYDWH/LPLWHG 3.09 2.22 6KDUHG6HUYLFHV,QFRPH %HUJHU5RFN3DLQWV3ULYDWH/LPLWHG 5HQGHULQJRI0DQSRZHU6HUYLFHV 8.3DLQWV ,QGLD 3ULYDWH/LPLWHG 0.02 0.02 %HUJHU%HFNHU&RDWLQJV3ULYDWH/LPLWHG 0.17 0DFKLQHU\5HQWDO,QFRPH %HHSHH&RDWLQJV3ULYDWH/LPLWHG 0.43 0.39 :DUHKRXVH5HQWDO,QFRPH %HUJHU5RFN3DLQWV3ULYDWH/LPLWHG 0.10 &RQWULEXWLRQWR3URYLGHQW)XQG %HUJHU3DLQWV3URYLGHQW)XQG &RYHUHG 15.21 &RQWULEXWLRQWR*UDWXLW\)XQG %$,&/(PSOR\HHV*UDWXLW\)XQG 0.05 &RQWULEXWLRQWR6XSHUDQQXDWLRQ)XQG %HUJHU3DLQWV2I¿FHUV 1RQ0DQDJHPHQW&DWHJRU\ 6XSHUDQQXDWLRQ)XQG %HUJHU3DLQWV0DQDJHPHQW6WDII6XSHUDQQXDWLRQ)XQG %$,&/(PSOR\HHV6XSHUDQQXDWLRQ)XQG 'LUHFWRUV &RPPLVLRQ )HHV 0U.XOGLS6LQJK'KLQJUD 0.10 0.10 0U*XUEDFKDQ6LQJK'KLQJUD 0.10 0.10 0U.DPDO5DQMDQ'DV 0.03 0.03 0U1DUHVK*XMUDO 0.07 0.07 0U'KLUHQGUD6ZDUXS 0.07 0.07 0U*RSDO.ULVKQD3LOODL 0.07 0.07 6KRUW7HUP/RDQ*LYHQ 6%/6SHFLDOW\&RDWLQJV3ULYDWH/LPLWHG 4.00 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 A. During the year the following transactions were carried out with the related parties in the ordinary course of business: (Contd) ` in Crores Transaction Related Party Year ended Year ended March 31, 2019 March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thers 'LYLGHQG5HFHLSW %HUJHU-HQVRQ 1LFKROVRQ 1HSDO 3ULYDWH/LPLWHG ,PSDLUPHQWRI,QYHVWPHQW %HUJHU3DLQWV &\SUXV /LPLWHG QHWWHGRIIZLWKWKHUHVSHFWLYHH[SHQVHVLQWKH¿QDQFLDOVWDWHPHQWV B. Balances outstanding at the year end (including commitments): ` in Crores Outstanding Related Party As at As at March 31, 2019 March 31, 2018 Payable 8.3DLQWV ,QGLD 3ULYDWH/LPLWHG 25.22 24.79 %HHSHH&RDWLQJV3ULYDWH/LPLWHG 10.35 6HDZDUG3DFNDJLQJ3ULYDWH/LPLWHG 12.93 9.45 %HUJHU3DLQWV2I¿FHUV 1RQ0DQDJHPHQW&DWHJRU\ 0.05 6XSHUDQQXDWLRQ)XQG %HUJHU3DLQWV0DQDJHPHQW6WDII6XSHUDQQXDWLRQ)XQG 0.12 %$,&/(PSOR\HHV6XSHUDQQXDWLRQ)XQG 0.01 %ROL[6$ 0.11 )OH[3URSHUWLHV3ULYDWH/LPLWHG 0.01 0.00 :D]LU(VWDWHV3ULYDWH/LPLWHG 0.00 0.00 0U$EKLMLW5R\ 0.52 0U6ULMLW'DVJXSWD 0.04 0U$QLUXGGKD6HQ 0.04 0.05 0U.DQZDUGLS6LQJK'KLQJUD 0.03 0.05 0V5LVKPD.DXU 0.02 0.04 0U.XOGLS6LQJK'KLQJUD 0.00 0.01 0U*XUEDFKDQ6LQJK'KLQJUD 0.01 0.01 170 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 B. Balances outstanding at the year end (including commitments): (Contd.) ` in Crores Outstanding Related Party As at As at March 31, 2019 March 31, 2018 Receivable %HUJHU%HFNHU&RDWLQJV3ULYDWH/LPLWHG 1.52 %HUJHU-HQVRQ 1LFKROVRQ 1HSDO 3ULYDWH/LPLWHG %HUJHU1LSSRQ3DLQW$XWRPRWLYH&RDWLQJV3ULYDWH 5.40 /LPLWHG %HUJHU5RFN3DLQWV3ULYDWH/LPLWHG 6%/6SHFLDOW\&RDWLQJV3ULYDWH/LPLWHG 1.13 %HUJHU3DLQWV %DQJODGHVK /LPLWHG 0.42 0.39 %HUJHU3DLQWV2YHUVHDV/LPLWHG 1.10 Security Deposit Receivable 8.3DLQWV ,QGLD 3ULYDWH/LPLWHG 0.22 0.33 .DQZDU3URSHUWLHV3ULYDWH/LPLWHG 0U.XOGLS6LQJK'KLQJUD 0.01 0.01 0U*XUEDFKDQ6LQJK'KLQJUD 0.01 0.01 Share Application Money Pending Allotment %HUJHU3DLQWV &\SUXV /LPLWHG 4.14 2.44 Corporate Guarantee Obligation /XVDNR7UDGLQJ/LPLWHG 2.09 2.02 Corporate Guarantee outstanding /XVDNR7UDGLQJ/LPLWHG $OVR5HIHU1RWHIRUGHWDLOVRIVHFXULW\JLYHQ %HUJHU%HFNHU&RDWLQJV3ULYDWH/LPLWHG 10.21 %HHSHH&RDWLQJV3ULYDWH/LPLWHG C. Details of remuneration to Key Managerial Personnel is given below ` in Crores Particulars Year ended Year ended March 31, 2019 March 31, 2018 6KRUWWHUPHPSOR\HHEHQH¿WV 3RVWHPSOR\PHQWEHQH¿WV 0.51 6KDUHEDVHGSD\PHQW 0.17 6.65 5.38 7KHDPRXQWVGLVFORVHGLQWKHWDEOHDUHWKHDPRXQWVUHFRJQLVHGDVDQH[SHQVHGXULQJWKHUHSRUWLQJSHULRGUHODWHGWRNH\PDQDJHPHQW SHUVRQQHO1RVKDUHRSWLRQVKDYHEHHQJUDQWHGWRWKHQRQH[HFXWLYHPHPEHUVRIWKH%RDUGRI'LUHFWRUVXQGHUWKLVVFKHPH5HIHUWR1RWH IRUIXUWKHUGHWDLOVRIWKHVFKHPH 5HIHU1RWH 5HIHU1RWHDIRUGHWDLOVRILQYHVWPHQWVKHOG Notes: 7HUPVDQGFRQGLWLRQVRIWUDQVDFWLRQVZLWKUHODWHGSDUWLHV 7KHWUDQVDFWLRQVZLWKUHODWHGSDUWLHVDUHPDGHRQWHUPVHTXLYDOHQWWRWKRVHWKDWSUHYDLOLQDUP¶VOHQJWKWUDQVDFWLRQV2XWVWDQGLQJEDODQFHV DWWKH\HDUHQGDUHXQVHFXUHGDQGLQWHUHVWIUHHDQGVHWWOHPHQWRFFXUVLQFDVKH[FHSWDVRWKHUZLVHPHQWLRQHG 171 NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 35. 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Equity Share Capital &RQWG For the year ended March 31, 2018 Reserves & Surplus (refer note 10) Items of OCI Share Foreign Non- Capital Total Particulars Securities based Retained Capital General Currency Controlling Redemption Equity premium payment earnings Reserve Reserve Translation Interest reserve reserve Reserve $VDW$SULO 111.31 1420.40 0.19 0.04 (31.22) 3UR¿WIRUWKH\HDU 2WKHUFRPSUHKHQVLYH 34.44 LQFRPHIRUWKH\HDU Total Comprehensive 495.27 Income for the year ([HUFLVHRIVKDUH 1.03 (1.03) RSWLRQV 1RWH &RVWRI6KDUHEDVHG 2.44 2.44 SD\PHQWV 1RWH 7UDQVIHUWRKRXVLQJ UHVHUYHV 1RWH 6KDUHRSWLRQV IRUIHLWHGODSVHG 1RWH 30) 'LYLGHQGV 1RWH 'LYLGHQGGLVWULEXWLRQ (34.59) (34.59) WD[RQ'LYLGHQG 1RWH As at March 31, 2018 112.34 2.20 1677.73 0.19 302.87 0.04 2.04 - 2097.41 6XPPDU\RI6LJQL¿FDQWDFFRXQWLQJSROLFLHV 3 7KHDFFRPSDQ\LQJQRWHVDUHDQLQWHJUDOSDUWRIWKH,QG$6¿QDQFLDOVWDWHPHQWV $VSHURXUUHSRUWRIHYHQGDWH )RUS.R. BATLIBOI & CO. 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Amendments to Ind AS 19: Plan Amendment, Curtailment or Settlement 7KHDPHQGPHQWVWR,QG$6 DGGUHVVWKHDFFRXQWLQJZKHQDSODQDPHQGPHQWFXUWDLOPHQWRUVHWWOHPHQWRFFXUV GXULQJDUHSRUWLQJSHULRG7KHDPHQGPHQWVVSHFLI\WKDWZKHQDSODQDPHQGPHQWFXUWDLOPHQWRUVHWWOHPHQWRFFXUV GXULQJWKHDQQXDOUHSRUWLQJSHULRGDQHQWLW\LVUHTXLUHGWR ¾ 'HWHUPLQHFXUUHQWVHUYLFHFRVWIRUWKHUHPDLQGHURIWKHSHULRGDIWHUWKHSODQDPHQGPHQWFXUWDLOPHQWRUVHWWOHPHQW XVLQJWKHDFWXDULDODVVXPSWLRQVXVHGWRUHPHDVXUHWKHQHWGH¿QHGEHQH¿WOLDELOLW\ DVVHW UHÀHFWLQJWKHEHQH¿WV RIIHUHGXQGHUWKHSODQDQGWKHSODQDVVHWVDIWHUWKDWHYHQW ¾ 'HWHUPLQHQHWLQWHUHVWIRUWKHUHPDLQGHURIWKHSHULRGDIWHUWKHSODQDPHQGPHQWFXUWDLOPHQWRUVHWWOHPHQWXVLQJ WKHQHWGH¿QHGEHQH¿WOLDELOLW\ DVVHW UHÀHFWLQJWKHEHQH¿WVRIIHUHGXQGHUWKHSODQDQGWKHSODQDVVHWVDIWHUWKDW HYHQW DQGWKHGLVFRXQWUDWHXVHGWRUHPHDVXUHWKDWQHWGH¿QHGEHQH¿WOLDELOLW\ DVVHW 7KHDPHQGPHQWVDOVRFODULI\WKDWDQHQWLW\¿UVWGHWHUPLQHVDQ\SDVWVHUYLFHFRVWRUDJDLQRUORVVRQVHWWOHPHQW ZLWKRXWFRQVLGHULQJWKHHIIHFWRIWKHDVVHWFHLOLQJ7KLVDPRXQWLVUHFRJQLVHGLQ6WDWHPHQWRI3UR¿WDQG/RVV$Q HQWLW\WKHQGHWHUPLQHVWKHHIIHFWRIWKHDVVHWFHLOLQJDIWHUWKHSODQDPHQGPHQWFXUWDLOPHQWRUVHWWOHPHQW$Q\FKDQJH LQWKDWHIIHFWH[FOXGLQJDPRXQWVLQFOXGHGLQWKHQHWLQWHUHVWLVUHFRJQLVHGLQ2WKHU&RPSUHKHQVLYH,QFRPH 7KHDPHQGPHQWVDSSO\WRSODQDPHQGPHQWVFXUWDLOPHQWVRUVHWWOHPHQWVRFFXUULQJRQRUDIWHUWKHEHJLQQLQJRIWKH ¿UVWDQQXDOUHSRUWLQJSHULRGWKDWEHJLQVRQRUDIWHU$SULO 7KH*URXSGRHVQRWH[SHFWWKLVDPHQGPHQWWRKDYH DQ\VLJQL¿FDQWLPSDFWRQLWVFRQVROLGDWHG,QG$6¿QDQFLDOVWDWHPHQWV 5. Amendments to Ind AS 28: Long-term interests in associates and joint ventures 7KHDPHQGPHQWVFODULI\WKDWDQHQWLW\DSSOLHV,QG$6 WRORQJWHUPLQWHUHVWVLQDQDVVRFLDWHRUMRLQWYHQWXUHWR ZKLFKWKHHTXLW\PHWKRGLVQRWDSSOLHGEXWWKDWLQVXEVWDQFHIRUPSDUWRIWKHQHWLQYHVWPHQWLQWKHDVVRFLDWHRUMRLQW YHQWXUH ORQJWHUPLQWHUHVWV 7KLVFODUL¿FDWLRQLVUHOHYDQWEHFDXVHLWLPSOLHVWKDWWKHH[SHFWHGFUHGLWORVVPRGHOLQ,QG $6 DSSOLHVWRVXFKORQJWHUPLQWHUHVWV 7KHDPHQGPHQWVDOVRFODUL¿HGWKDWLQDSSO\LQJ,QG$6 DQHQWLW\GRHVQRWWDNHDFFRXQWRIDQ\ORVVHVRIWKH DVVRFLDWH RU MRLQW YHQWXUH RU DQ\ LPSDLUPHQW ORVVHV RQ WKH QHW LQYHVWPHQW UHFRJQLVHG DV DGMXVWPHQWV WR WKH QHW LQYHVWPHQWLQWKHDVVRFLDWHRUMRLQWYHQWXUHWKDWDULVHIURPDSSO\LQJ,QG$6,QYHVWPHQWVLQ$VVRFLDWHVDQG-RLQW 9HQWXUHV 7KHDPHQGPHQWVVKRXOGEHDSSOLHGUHWURVSHFWLYHO\LQDFFRUGDQFHZLWK,QG$6IRUDQQXDOUHSRUWLQJSHULRGVRQRU DIWHU$SULO 7KH*URXSGRHVQRWH[SHFWWKLVDPHQGPHQWWRKDYHDQ\VLJQL¿FDQWLPSDFWRQLWVFRQVROLGDWHG,QG $6¿QDQFLDOVWDWHPHQWV 211 NOTES TO CONSOLIDATED IND AS FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED MARCH 31, 2019 Annual improvement to Ind AS (2018); 7KHVHLPSURYHPHQWVLQFOXGH 1. Amendments to Ind AS 103: Party to a Joint Arrangements obtains control of a business that is a Joint Operation 7KHDPHQGPHQWVFODULI\WKDWZKHQDQSDUW\WRDMRLQWDUUDQJHPHQWREWDLQVFRQWURORIDEXVLQHVVWKDWLVDMRLQW RSHUDWLRQ LW DSSOLHV WKH UHTXLUHPHQWV IRU D EXVLQHVV FRPELQDWLRQ DFKLHYHG LQ VWDJHV LQFOXGLQJ UHPHDVXULQJ SUHYLRXVO\KHOGLQWHUHVWVLQWKHDVVHWVDQGOLDELOLWLHVRIWKHMRLQWRSHUDWLRQDWIDLUYDOXH,QGRLQJVRWKHDFTXLUHU UHPHDVXUHVLWVHQWLUHSUHYLRXVO\KHOGLQWHUHVWLQWKHMRLQWRSHUDWLRQ $QHQWLW\DSSOLHVWKRVHDPHQGPHQWVWREXVLQHVVFRPELQDWLRQVIRUZKLFKWKHDFTXLVLWLRQGDWHLVRQRUDIWHUWKH EHJLQQLQJRIWKH¿UVWDQQXDOUHSRUWLQJSHULRGEHJLQQLQJRQRUDIWHU$SULO 7KHVHDPHQGPHQWVDUHFXUUHQWO\ QRWDSSOLFDEOHWRWKH*URXSEXWPD\DSSO\WRIXWXUHWUDQVDFWLRQV 2. Amendments to Ind AS 111: Joint Arrangements $SDUW\WKDWSDUWLFLSDWHVLQEXWGRHVQRWKDYHMRLQWFRQWURORIDMRLQWRSHUDWLRQPLJKWREWDLQMRLQWFRQWURORI WKHMRLQWRSHUDWLRQLQZKLFKWKHDFWLYLW\RIWKHMRLQWRSHUDWLRQFRQVWLWXWHVDEXVLQHVVDVGH¿QHGLQ,QG$6 7KHDPHQGPHQWVFODULI\WKDWWKHSUHYLRXVO\KHOGLQWHUHVWVLQWKDWMRLQWRSHUDWLRQDUHQRWUHPHDVXUHG $QHQWLW\DSSOLHVWKRVHDPHQGPHQWVWRWUDQVDFWLRQVLQZKLFKLWREWDLQVMRLQWFRQWURORQRUDIWHUWKHEHJLQQLQJ RIWKH¿UVWDQQXDOUHSRUWLQJSHULRGEHJLQQLQJRQRUDIWHU$SULO 7KHVHDPHQGPHQWVDUHFXUUHQWO\QRW DSSOLFDEOHWRWKH*URXSEXWPD\DSSO\WRIXWXUHWUDQVDFWLRQV 3. Amendments to Ind AS 12: Income Taxes 7KH DPHQGPHQWV FODULI\ WKDW WKH LQFRPH WD[ FRQVHTXHQFHV RI GLYLGHQGV DUH OLQNHG PRUH GLUHFWO\ WR SDVW WUDQVDFWLRQVRUHYHQWVWKDWJHQHUDWHGGLVWULEXWDEOHSUR¿WVWKDQWRGLVWULEXWLRQVWRRZQHUV7KHUHIRUHDQHQWLW\ UHFRJQLVHVWKHLQFRPHWD[FRQVHTXHQFHVRIGLYLGHQGVLQ6WDWHPHQWRI3UR¿WDQG/RVV2WKHU&RPSUHKHQVLYH ,QFRPHRUHTXLW\DFFRUGLQJWRZKHUHWKHHQWLW\RULJLQDOO\UHFRJQLVHGWKRVHSDVWWUDQVDFWLRQVRUHYHQWV $QHQWLW\DSSOLHVWKRVHDPHQGPHQWVIRUDQQXDOUHSRUWLQJSHULRGVEHJLQQLQJRQRUDIWHU$SULO 6LQFH WKH *URXS¶V FXUUHQW SUDFWLFH LV LQ OLQH ZLWK WKHVH DPHQGPHQWV WKH *URXS GRHV QRW H[SHFW DQ\ HIIHFW RQ LWV FRQVROLGDWHG,QG$6¿QDQFLDOVWDWHPHQWV 4. Amendments to Ind AS 23: Borrowing Costs 7KHDPHQGPHQWVFODULI\WKDWDQHQWLW\WUHDWVDVSDUWRIJHQHUDOERUURZLQJVDQ\ERUURZLQJRULJLQDOO\PDGHWR GHYHORSDTXDOLI\LQJDVVHWZKHQVXEVWDQWLDOO\DOORIWKHDFWLYLWLHVQHFHVVDU\WRSUHSDUHWKDWDVVHWIRULWVLQWHQGHG XVHRUVDOHDUHFRPSOHWH $QHQWLW\DSSOLHVWKRVHDPHQGPHQWVWRERUURZLQJFRVWVLQFXUUHGRQRUDIWHUWKHEHJLQQLQJRIWKHDQQXDOUHSRUWLQJ SHULRG LQ ZKLFK WKH HQWLW\ ¿UVW DSSOLHV WKRVH DPHQGPHQWV$Q HQWLW\ DSSOLHV WKRVH DPHQGPHQWV IRU DQQXDO UHSRUWLQJSHULRGVEHJLQQLQJRQRUDIWHU$SULO 6LQFHWKH*URXS¶VFXUUHQWSUDFWLFHLVLQOLQHZLWKWKHVH DPHQGPHQWVWKH*URXSGRHVQRWH[SHFWDQ\HIIHFWRQLWVFRQVROLGDWHG,QG$6¿QDQFLDOVWDWHPHQWV 212 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 4(a) - Property plant and equipment ` in Crores Gross Block at Cost Depreciation Net Block Deletions As at As at As at As at As at As at Particulars Translation Acquisition For the (Accumulated Translation April 1, Additions Deletions March 31, April 1, March 31 , March 31, March 31, Difference ** Year upto the Difference 2018 2019 2018 2019 2019 2018 date of sale) /DQG )UHHKROG 13.35 0.04 13.35 /HDVHKROG 25.40 34.39 0.41 0.34 0.75 %XLOGLQJV )UHHKROG 35.10 (0.34) 432.52 42.19 17.15 373.24 355.57 /HDVHKROG 0.42 (0.05) 0.00 1.25 (0.04) 4.39 24.07 24.91 3ODQW 0DFKLQHU\ (39.94) (0.07) 207.45 0.17 (37.45) 0.27 572.50 )XUQLWXUHDQG (3.32) 0.14 39.97 13.19 0.07 (3.19) 0.07 15.95 24.02 23.72 )L[WXUHV &RPSXWHU 47.20 49.30 19.49 0.03 24.11 25.19 27.71 2I¿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ote 4(a)(i) 7LWOHGHHGVRILPPRYDEOHSURSHUWLHVVHWRXWLQ1RWH D DERYHDUHLQWKHQDPHRIWKH&RPSDQ\H[FHSWWKRVHPHQWLRQHGEHORZZKLFKZHUH WUDQVIHUUHGWRDQGYHVWHGLQWKH+ROGLQJ&RPSDQ\SXUVXDQWWRWKHUHVSHFWLYH6FKHPHVRI$UUDQJHPHQWLQHDUOLHU\HDUV ` in Crores No. of Gross Carrying Amount Net Carrying Amount Particulars title As at March As at March As at March As at March Held in the name of deeds 31, 2019 31, 2018 31, 2019 31, 2018 %HUJHU$XWR ,QGXVWULDO )UHHKROGODQGDW5LVKUD:HVW%HQJDO 1 &RDWLQJV/LPLWHG 5DMGRRW3DLQWV3ULYDWH /HDVHKROGODQGDW3DQDML*RD 1 0.35 0.35 /LPLWHG /HDVHKROGODQGDW6LNDQGUDEDG 5DMGRRW3DLQWV3ULYDWH 1 0.27 0.27 0.14 0.15 8WWDU3UDGHVK /LPLWHG 5DMGRRW3DLQWV3ULYDWH /HDVHKROGODQGDW&KDQGLJDUK 1 0.05 0.05 0.03 0.03 /LPLWHG 213 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 4(b) - Goodwill ` in Crores Gross Block at Cost Amortisation Net Block Deletions As at As at As at As at As at As at Particulars Translation For the (Accumulated Translation April 1, Additions Deletions March 31, April 1, Acquisition March 31, March 31, March 31, Difference Year upto the date Difference 2018 2019 2018 2019 2019 2018 of sale) *RRGZLOO 1.90 TOTAL 264.57 1.90 - 2.78 269.25 ------269.25 264.57 ,QFOXGHV*RRGZLOORQFRQVROLGDWLRQ`&URUHV `&URUHV Note 4(c) - Other Intangible Assets ` in Crores Gross Block at Cost Amortisation Net Block Deletions As at As at As at As at As at As at Particulars Translation For the (Accumulated Translation April 1, Additions Deletions March 31, April 1, Acquisition March 31, March 31, March 31, Difference Year upto the date Difference 2018 2019 2018 2019 2019 2018 of sale) &RPSXWHU 0.31 22.57 0.04 3.55 0.30 14.47 4.77 6RIWZDUH TOTAL 15.61 6.91 (0.26) 0.31 22.57 10.84 0.04 3.55 (0.26) 0.30 14.47 8.10 4.77 L )RU3URSHUW\SODQWDQGHTXLSPHQWH[LVWLQJRQ$SULOLHLWVGDWHRIWUDQVLWLRQWR,QG$6WKH*URXSKDVXVHGSUHYLRXV*$$3 FDUU\LQJYDOXHVDVGHHPHGFRVW6XEVHTXHQWO\PHDVXUHPHQWLVDWFRVW ## (i) Included following assets (color bank) given under operating lease ` in Crores Particulars Gross Block at Cost Depreciation Net Block Deletions As at As at As at As at As at As at Translation For the (Accumulated Translation April 1, Additions Deletions March 31, April 1, Acquisition March 31, March 31, March 31, Difference Year upto the date Difference 2018 2019 2018 2019 2019 2018 of sale) 3ODQW (34.39) 115.59 (TXLSPHQW &RPSXWHU 2.53 21.51 12.41 5.15 (5.39) 12.17 9.34 12.21 Total 243.56 47.15 (41.74) - 248.97 119.79 - 47.75 (39.78) - 127.76 121.21 123.77 LL $OVRUHIHUQRWH Note 4(d) - Capital work in Progress ` in Crores Gross Block at Cost Particulars As at As at Additions Capitalisation April 1, 2018 March 31, 2019 %XLOGLQJV 4.31 (35.52) 3ODQW (TXLSPHQW 152.21 2WKHUDVVHWV 0.02 0.23 TOTAL 97.16 280.38 (207.65) 169.89 214 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 4(e) - Property, plant and equipment ` in Crores Particulars Gross Block at Cost Depreciation Net Block As at Additions Deletions Translation As at As at Acquisition For the Deletions Translation As at As at As at April 1, Difference March 31, April 1 ** Year (Accumulated Difference March 31, March 31, March 31 , 2017 2018 , 2017 upto the date 2018 2018 2017 of sale) /DQG )UHHKROG 12.57 0.32 13.35 13.35 12.57 /HDVHKROG 0.45 0.19 0.22 0.41 %XLOGLQJV )UHHKROG 17.03 (0.34) 1.94 42.19 355.57 354.29 /HDVHKROG 27.22 2.11 0.02 1.05 24.91 25.11 3ODQW (3.03) (2.05) 5.00 207.45 0DFKLQHU\ )XUQLWXUHDQG 9.97 (0.90) 7.15 0.07 13.19 23.72 19.33 )L[WXUHV &RPSXWHU 10.91 (0.14) 47.20 10.19 9.37 (0.13) 19.49 27.71 2I¿FH 2.32 (0.07) 11.14 2.53 0.01 1.97 (0.01) 4.50 (TXLSPHQW 9HKLFOHV 13.99 1.24 0.53 0.15 4.35 (2.77) 0.79 3.05 15.74 TOTAL 1119.47 168.80 (9.11) 12.13 1291.29 169.27 0.69 120.45 (5.84) 8.89 293.46 997.83 950.20 3DUWO\RQOHDVHKROGODQG L )RU3URSHUW\SODQWDQGHTXLSPHQWH[LVWLQJRQ$SULOLHLWVGDWHRIWUDQVLWLRQWR,QG$6WKH*URXSKDVXVHGSUHYLRXV*$$3 FDUU\LQJYDOXHVDVGHHPHGFRVW6XEVHTXHQWO\PHDVXUHPHQWLVDWFRVW Note 4(f) - Goodwill ` in Crores Gross Block at Cost Amortisation Net Block On Deletions As at As at As at As at As at As at Particulars Translation For the (Accumulated Translation April 1, Additions Deletions March 31, April 1, Acquisition March 31, March 31, March 31, Difference Year upto the date Difference 2017 2018 2017 2018 2018 2017 of sale) *RRGZLOO 21.49 TOTAL 178.90 64.18 - 21.49 264.57 ------264.57 178.90 ,QFOXGHV*RRGZLOORQFRQVROLGDWLRQ`FURUHV `FURUHV *RRGZLOORI`FURUHVVLVRQDFFRXQWRIDFTXLVLWLRQRI 6DERR&RDWLQJV3ULYDWH/LPLWHGGXULQJWKH\HDU 215 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 4(g) - Other Intangible Assets ` in Crores Gross Block at Cost Amortisation Net Block Particulars As at Additions Deletions Translation As at As at Acquisition For the Deletions Translation As at As at As at April 1, Difference March 31, April 1, ** Year (Accumulated Difference March 31, March 31, March 31, 2017 2018 2017 upto the date of sale) 2018 2018 2017 &RPSXWHU 1.73 (0.29) 2.21 5.10 0.07 (0.27) 4.77 6RIWZDUH TOTAL 11.96 1.73 (0.29) 2.21 15.61 5.10 0.07 3.76 (0.27) 2.18 10.84 4.77 6.86 L )RU3URSHUW\SODQWDQGHTXLSPHQWH[LVWLQJRQ$SULOLHLWVGDWHRIWUDQVLWLRQWR,QG$6WKH&RPSDQ\KDVXVHGSUHYLRXV*$$3 FDUU\LQJYDOXHVDVGHHPHGFRVW6XEVHTXHQWO\PHDVXUHPHQWLVDWFRVW ,QGLFDWHVDFFXPXODWHGGHSUHFLDWLRQRQDVVHWVDFTXLUHGIURP6DERR&RDWLQJV3ULYDWH/LPLWHGGXULQJWKH\HDUDVDWWKH-XQH ## (i) Included following assets ( color bank ) given under operating lease ` in Crores Gross Block at Cost Depreciation Net Block As at As at As at Deletions As at As at As at Particulars Translation For the Translation April 1, Additions Deletions March 31, April 1, Acquisition (Accumulated March 31, March 31, March 31, Difference Year Difference 2017 2018 2017 upto the date of sale) 2018 2018 2017 3ODQW 40.10 105.57 (TXLSPHQW &RPSXWHU 19.20 (1.04) 7.79 5.31 12.41 12.21 11.41 Total 192.05 52.55 (1.04) - 243.56 75.07 - 45.41 (0.69) - 119.79 123.77 116.98 LL $OVRUHIHUQRWH LLL )RUFKDUJHFUHDWHGRQ3URSHUW\SODQWDQGHTXLSPHQWUHIHUQRWH F Note 4(h) - Capital work in Progress ` in Crores Gross Block at Cost Particulars As at As at Additions Capitalisation April 1, 2017 March 31, 2018 %XLOGLQJV 13.49 (17.90) 4.31 3ODQW (TXLSPHQW 2WKHUDVVHWV 0.02 TOTAL 62.21 203.75 (168.80) 97.16 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 5a. Investment in Joint Ventures 7KH*URXSKDVD DQG LQWHUHVWLQ%HUJHU%HFNHU&RDWLQJV3ULYDWH/LPLWHGDQG%HUJHU1LSSRQ3DLQW$XWRPRWLYH&RDWLQJV3ULYDWH /LPLWHGUHVSHFWLYHO\ &RPSDQ\ V-RLQW9HQWXUHZLWK%HFNHU,QGXVWULDO&RDWLQJV+ROGLQJ$%6ZHGHQDQG1LSSRQ3DLQWV$XWRPRWLYH&RDWLQJV &R/WG-DSDQZKLFKDUHLQYROYHGLQWKHPDQXIDFWXUHDQGVHOOLQJRISDLQWV 7KHVHMRLQWYHQWXUHVDUHSULYDWHOLPLWHGFRPSDQLHVWKDWDUHQRW OLVWHGRQDQ\SXEOLFH[FKDQJH7KH*URXS¶VLQWHUHVWLQMRLQWYHQWXUHVDUHDFFRXQWHGIRUXVLQJWKHHTXLW\PHWKRGLQWKHFRQVROLGDWHG,QG$6 ¿QDQFLDOVWDWHPHQWV%RWKWKHMRLQWYHQWXUHVDUHLQGLYLGXDOO\LPPDWHULDOWRWKHUHSRUWLQJHQWLW\6XPPDULVHG¿QDQFLDOLQIRUPDWLRQRIWKHMRLQW YHQWXUHEDVHGWKHUH,QG$6¿QDQFLDOVWDWHPHQWVDUHVHWRXWEHORZ ` in Crores As at As at March 31, 2019 March 31, 2018 &DUU\LQJDPRXQWRILQWHUHVWLQMRLQWYHQWXUHV 144.12 105.54 1RQFXUUHQWDVVHWV &XUUHQW$VVHWV 251.95 1RQ&XUUHQW/LDELOLWLHV (3.12) &XUUHQW/LDELOLWLHV (TXLW\ 380.31 302.63 ` in Crores As at March 31, 2019 As at March 31, 2018 7RWDO,QFRPH 525.91 ([SHQVHV 522.09 3$7 7RWDO&RPSUHKHQVLYH,QFRPH (2.33) *URXS V6KDUHRI3UR¿W /RVV IURPMRLQWYHQWXUHV (0.90) *URXS VVKDUHRI2WKHU&RPSUHKHQVLYH,QFRPH /RVV IRUWKH\HDUIURPMRLQWYHQWXUHV 0.01 0.05 *URXS VVKDUHRIWRWDOFRPSUHKHQVLYHLQFRPHIRUWKH\HDUIURPMRLQWYHQWXUHV Note 5b. Financial Assets - Investments ` in Crores Nominal Value Currency As at As at As at As at per unit March 31, March 31, March 31, March 31, 2019 2018 2019 2018 Investments (Fully Paid) $WIDLUYDOXHWKURXJKSUR¿WDQGORVV (FVTPL): (TXLW\6KDUHV )XOO\3DLG 8QTXRWHG 6KDNWLNXQM$SDUWPHQWV/LPLWHG 1 ` 0.00 0.00 &KDURWDU*DV&RPSDQ\ 10 ` 10 10 0.00 0.00 Total Non-current Investments at 0.00 0.00 cost ,QYHVWPHQWVDWIDLUYDOXHWKURXJKSUR¿WDQGORVV IXOO\SDLG UHÀHFWLQYHVWPHQWLQXQTXRWHGHTXLW\VHFXULWLHV5HIHUQRWHIRUGHWHUPLQDWLRQ RIWKHLUIDLUYDOXH 5HIHU1RWH 217 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 5c. Financial assets - Loans and deposits 8QVHFXUHGFRQVLGHUHGJRRGXQOHVVRWKHUZLVHVWDWHG ` in Crores Non-Current Current As at March 31, As at March 31, As at March 31, As at March 31, 2019 2018 2019 2018 6HFXULW\'HSRVLWV 20.42 2WKHU/RDQV 0.01 Total 16.91 20.43 7.98 1.96 1RWHG )LQDQFLDODVVHWV2WKHU¿QDQFLDODVVHWV 8QVHFXUHGFRQVLGHUHGJRRGXQOHVVRWKHUZLVHVWDWHG ` in Crores Non-Current Current As at As at As at As at March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 %DQN'HSRVLWVZLWKRULJLQDOPDWXULW\RIPRUH 1.54 0.09 0.07 0.07 WKDQWZHOYHPRQWKV 6HFXULW\'HSRVLWV 0.03 0.02 $GYDQFHVWRUHODWHGSDUWLHVWRZDUGV6KDUH 4.14 2.44 $SSOLFDWLRQPRQH\SHQGLQJDOORWPHQW ,QWHUHVWDFFUXHGRQGHSRVLWV 2.40 1.77 2WKHUUHFHLYDEOHV 0.00 1.95 Total 5.68 2.53 3.14 3.81 LQFOXGHVGHSRVLWVSOHGJHGDJDLQVWEDQN JXDUDQWHHV UHPLWWDQFHWR%HUJHU3DLQWV &\SUXV /LPLWHG WRZDUGVVKDUHDSSOLFDWLRQPRQH\SHQGLQJ DOORWPHQW LQFOXGHVUHFHLYDEOHIURPUHODWHGSDUWLHV %HUJHU3DLQWV %DQJODGHVK /LPLWHG 0.42 0.39 IHOORZVXEVLGLDU\ 0.42 0.39 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 6. Other assets 8QVHFXUHGFRQVLGHUHGJRRGXQOHVVRWKHUZLVHVWDWHG ` in Crores Non-Current Current As at As at As at As at March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 &DSLWDODGYDQFHV 0.27 $GYDQFHVRWKHUWKDQFDSLWDODGYDQFHV 0.54 0.54 15.02 11.72 3UHSD\PHQWV 4.39 9.01 6XEVLG\UHFHLYDEOH %DODQFHVZLWKVWDWXWRU\JRYHUQPHQWDXWKRULWLHV 11.13 Total 38.34 35.07 178.19 221.24 ,QWKHSUHYLRXV\HDU([FLVHGXW\GLVFORVHGLQ6WDWHPHQWRI3UR¿WDQG/RVVIRUWKHWKUHHPRQWKVSHULRGHQGHG-XQHLVQHWRIH[FLVH GXW\ EHQH¿W RI ` &URUHV 6XEVHTXHQW WR WKH LPSOHPHQWDWLRQ RI *67 ZHI -XO\ WKH &RPSDQ\ KDV FODLPHG VXEVLG\ DYDLODEOH XQGHU 6FKHPH RI %XGJHWDU\ 6XSSRUW XQGHU *67 5HJLPH WR WKH HOLJLEOH XQLWV ORFDWHG LQ VSHFL¿HG 6WDWHV DPRXQWLQJ WR ` &URUHV 0DUFK `&URUHV Note 7. Inventories DWWKHORZHURIFRVWDQGQHWUHDOLVDEOHYDOXH ` in Crores As at As at March 31, 2019 March 31, 2018 5DZPDWHULDOV>,QFOXGLQJLQWUDQVLW`FURUHV VW0DUFK`FURUHV @ 354.00 304.34 3DFNLQJPDWHULDO &RQWDLQHUV >,QFOXGLQJLQWUDQVLW`FURUH VW0DUFK` FURUH @ 23.30 :RUNLQSURJUHVV )LQLVKHGJRRGV 7UDGHGJRRGV>,QFOXGLQJLQWUDQVLW`FURUHV VW0DUFK`FURUHV @ 6WRUHVDQG6SDUHV Total 1,233.53 1,007.34 219 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 8a. Financial assets - Current Investments Number of units ` in Crores Nominal As at As at As at As at Value March 31, March 31, March 31, March 31, ` per unit 2019 2018 2019 2018 ,QYHVWPHQWVDW)DLUYDOXHWKURXJKSUR¿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ggregate amount of Unquoted Investments 250.80 227.59 Aggregate amount of Repurchase price of Unquoted Investments 250.80 227.59 5HIHUQRWHIRUGHWHUPLQDWLRQRIIDLUYDOXH 220 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 8b. Financial assets - Trade receivables ` in Crores Non-Current Current As at March 31, As at March 31, As at March 31, As at March 31, 2019 2018 2019 2018 8QVHFXUHGFRQVLGHUHGJRRG 7UDGHUHFHLYDEOHVFUHGLWLPSDLUHG Impairment allowance (allowance for bad and doubtful debts) 7UDGHUHFHLYDEOHVFUHGLWLPSDLUHG Total - - 671.48 692.40 ,QFOXGHVGHEWVGXHIURPUHODWHGSDUWLHV -RLQW9HQWXUHV %HUJHU%HFNHU&RDWLQJV3ULYDWH/LPLWHG %HUJHU1LSSRQ3DLQW$XWRPRWLYH&RDWLQJV3ULYDWH/WG )RUPHUO\%1%&RDWLQJV,QGLD3ULYDWH/LPLWHG%1%&RDWLQJV,QGLD/LPLWHG 7UDGHUHFHLYDEOHVDUHQRQLQWHUHVWEHDULQJDQGJHQHUDOO\KDVFUHGLWSHULRGIURPWR GD\V )RUWHUPVDQGFRQGLWLRQVUHODWLQJWRUHODWHGSDUW\UHFHLYDEOHVUHIHU1RWH Note 8c. Financial assets - Cash and Cash Equivalents ` in Crores As at As at March 31, 2019 March 31, 2018 %DODQFHVZLWKEDQNV ±2QFXUUHQWDFFRXQWV 41.52 23.47 ±'HSRVLWVZLWKRULJLQDOPDWXULW\RIOHVVWKDQWKUHHPRQWKV 0.54 &KHTXHVGUDIWVRQKDQG 14.24 10.30 &DVKRQKDQG 0.77 Total 57.07 83.59 Note 8d. Financial assets - Other bank balances ` in Crores As at As at March 31, 2019 March 31, 2018 2WKHUEDQNEDODQFHV ±%DODQFHZLWKEDQNVLQ8QSDLG'LYLGHQG$FFRXQW 5.72 5.54 ±'HSRVLWVZLWKRULJLQDOPDWXULW\RIQRWOHVVWKDQWKUHHPRQWKVEXWQRWPRUHWKDQWZHOYHPRQWKV (DUPDUNHGEDODQFHV 0.03 Total 181.41 121.38 'HSRVLWVDW%DQNVHDUQLQWHUHVWEHWZHHQ WR 0DUFKWR DQGDUHPDGHIRUSHULRGVEHWZHHQ WRGD\V 0DUFKSHULRGVEHWZHHQWRGD\V 221 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 8d. Other bank balances (Contd.) )RUWKHSXUSRVHRIWKHVWDWHPHQWRIFDVKÀRZVFDVKDQGFDVKHTXLYDOHQWVFRPSULVHWKHIROORZLQJ ` in Crores As at As at March 31, 2019 March 31, 2018 Balances with banks: ±2QFXUUHQWDFFRXQWV 41.52 23.47 ±'HSRVLWVZLWKRULJLQDOPDWXULW\RIOHVVWKDQWKUHHPRQWKV 0.54 &KHTXHVGUDIWVRQKDQG 14.24 10.30 &DVKRQKDQG 0.77 Total 57.07 83.59 /HVV%DQN2YHUGUDIW 5HIHU1RWHD (3.02) 57.07 80.57 Note - 9. Equity Share Capital ` in Crores As at As at March 31, 2019 March 31, 2018 Authorised capital (TXLW\6KDUHVRI`HDFK 0DUFK (TXLW\6KDUHVRI`HDFK 120.00 120.00 Issued capital (TXLW\6KDUHVRI`HDFKIXOO\SDLGXS 97.12 97.11 0DUFK (TXLW\6KDUHVRI`HDFKIXOO\SDLGXS 97.12 97.11 Subscribed and paid-up capital (TXLW\6KDUHVRI`HDFKIXOO\SDLGXS 97.11 97.10 0DUFK (TXLW\6KDUHVRI`HDFKIXOO\SDLGXS 97.11 97.10 a) The Reconciliation of shares capital is given below: As at March 31, 2019 As at March 31, 2018 No. of Shares ` in Crores No. of Shares ` in Crores $WWKHEHJLQQLQJRIWKH\HDU 97.10 97.10 $GG 6KDUHVLVVXHGRQH[HUFLVHRI(PSOR\HH6WRFN2SWLRQV 0.01 0.00 5HIHU1RWH At the end of the year 971,129,711 97.11 971,031,428 97.10 5HIHU1RWH b) Terms/Rights attached to class of shares 7KH+ROGLQJ&RPSDQ\KDVRQO\RQHFODVVRIHTXLW\VKDUHVKDYLQJDSDUYDOXHRI`HDFK+ROGHURIHDFKHTXLW\VKDUHLVHQWLWOHGWRRQHYRWH SHUVKDUH7KH+ROGLQJ&RPSDQ\GHFODUHVDQGSD\VGLYLGHQGVLQ,QGLDQUXSHHV7KHGLYLGHQGSURSRVHGE\WKH%RDUGRI'LUHFWRUVLVVXEMHFW WRWKHDSSURYDORIWKHVKDUHKROGHUVLQWKHHQVXLQJ$QQXDO*HQHUDO0HHWLQJH[FHSWLQFDVHRILQWHULPGLYLGHQG,QWKHHYHQWRIOLTXLGDWLRQRI WKH+ROGLQJ&RPSDQ\WKHKROGHUVRIHTXLW\VKDUHVZLOOEHHQWLWOHGWRUHFHLYHUHPDLQLQJDVVHWVRIWKH+ROGLQJ&RPSDQ\DIWHUGLVWULEXWLRQ RIDOOSUHIHUHQWLDODPRXQWV7KHGLVWULEXWLRQZLOOEHLQSURSRUWLRQWRWKHQXPEHURIHTXLW\VKDUHVKHOGE\WKHVKDUHKROGHUV 222 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note - 9. Equity Share Capital (Contd.) c) Equity Shares held by the Holding Company and/or the subsidiaries/associates of Holding Company As at As at March 31, 2019 March 31, 2018 8.3DLQWV ,QGLD 3ULYDWH/LPLWHG +ROGLQJ&RPSDQ\ -HQVRQ 1LFKROVRQ $VLD /LPLWHG8. &LWODQG&RPPHUFLDO&UHGLWV/LPLWHG :DQJ,QYHVWPHQW)LQDQFH3YW/WG %LJJ,QYHVWPHQW )LQDQFH3YW/WG d) Details of Shareholders holding more than 5 percent of Equity Shares in the Holding Company As at As at March 31, 2019 March 31, 2018 No. of Shares % holding No. of Shares % holding 8.3DLQWV ,QGLD 3ULYDWH/LPLWHG +ROGLQJ&RPSDQ\ 50.11% 50.11% -HQVRQ 1LFKROVRQ $VLD /LPLWHG8. 14.49% $VSHUUHFRUGVRIWKH+ROGLQJ&RPSDQ\LQFOXGLQJLWVUHJLVWHURIVKDUHKROGHUVPHPEHUVDQGRWKHUGHFODUDWLRQVUHFHLYHGIURPVKDUHKROGHUV UHJDUGLQJ EHQH¿FLDO LQWHUHVW WKH DERYH VKDUHKROGLQJ UHSUHVHQWV ERWK OHJDO DQG EHQH¿FLDO RZQHUVKLS RI VKDUHV DV GHFODUHG XQGHU WKH UHOHYDQWSURYLVLRQVRIWKH&RPSDQLHV$FW e) Shares reserved for issue under Employee Stock Options: )RUGHWDLOVRIVKDUHVUHVHUYHGIRULVVXHXQGHUWKH(PSOR\HH6WRFN2SWLRQ3ODQ (623 RIWKH+ROGLQJ&RPSDQ\UHIHU1RWH Note - 10a. Other equity ` in Crores As at As at March 31, 2019 March 31, 2018 Reserves & Surplus 6HFXULWLHV3UHPLXP 112.34 5HWDLQHGHDUQLQJV *HQHUDO5HVHUYH Other reserves 6KDUHEDVHGSD\PHQWUHVHUYH 2.20 &DSLWDOUHVHUYH 0.19 0.19 &DSLWDOUHGHPSWLRQUHVHUYH 0.04 0.04 Items of OCI )RUHLJQ&XUUHQF\7UDQVODWLRQ5HVHUYH 2.04 Total 2375.59 2097.41 223 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note - 10b. Non- controlling interest ` in Crores As at As at March 31, 2019 March 31, 2018 1RQFRQWUROOLQJLQWHUHVW 3.45 Total 3.45 - Notes Securities Premium3UHPLXPUHFHLYHGRQHTXLW\VKDUHVLVVXHGLQFOXGLQJWKRVHXQGHU(PSOR\HHVWRFNRSWLRQSODQDUHUHFRJQLVHGLQWKH VHFXULWLHVSUHPLXPDFFRXQWQHWRIXWLOL]DWLRQIRUERQXVVKDUHVLVVXHGHWF Retained Earnings5HWDLQHGHDUQLQJVLQFOXGHVVXUSOXVLQWKH6WDWHPHQWRI3UR¿WDQG/RVV,QG$6UHODWHGDGMXVWPHQWVDVRQWKHGDWHRI WUDQVLWLRQUHPHDVXUHPHQWJDLQVORVVHVRQGH¿QHGEHQH¿WSODQVDQG5HYDOXDWLRQ5HVHUYHWKDWKDGDULVHQIURPUHYDOXDWLRQRI/HDVHKROG /DQG)UHHKROG/DQGDQG)UHHKROG%XLOGLQJVRIWKH&RPSDQ\LQ DQG GRQHE\DSSURYHGYDOXHUV7KHDIRUHPHQWLRQHG UHYDOXDWLRQUHVHUYHLVQRWDIUHHUHVHUYHDVSHUWKH&RPSDQLHV$FWDQGKHQFHLVQRWDYDLODEOHIRUGLVWULEXWLRQDVGLYLGHQG General Reserve8QGHUWKHHUVWZKLOH,QGLDQ&RPSDQLHV$FW DJHQHUDOUHVHUYHZDVFUHDWHGWKURXJKDQDQQXDOWUDQVIHURIQHW LQFRPHDWDVSHFL¿HGSHUFHQWDJHLQDFFRUGDQFHZLWKDSSOLFDEOHUHJXODWLRQVWRHQVXUHWKDWLIDGLYLGHQGGLVWULEXWLRQLQDJLYHQ\HDULVPRUH WKDQRIWKHSDLGFDSLWDORIWKH&RPSDQ\IRUWKDW\HDUWKHWRWDOGLYLGHQGGLVWULEXWLRQLVOHVVWKDQWKHWRWDOGLVWULEXWDEOHSUR¿WV ORVVHV IRUWKDW\HDU&RQVHTXHQWWRLQWURGXFWLRQRI&RPSDQLHV$FWWKHUHTXLUHPHQWWRPDQGDWRULO\WUDQVIHUDVSHFL¿HGSHUFHQWDJHRIWKHQHW SUR¿WWRJHQHUDOUHVHUYHKDVEHHQZLWKGUDZQ Share based payment reserve7KH&RPSDQ\KDVWZR(PSOR\HH6WRFN2SWLRQ3ODQV (623V XQGHUZKLFKRSWLRQVWRVXEVFULEHIRU WKH &RPSDQ\¶V VKDUHV KDYH EHHQ JUDQWHG WR VSHFL¿F HPSOR\HHV7KH 6KDUH EDVHG SD\PHQW UHVHUYH LV XVHG WR UHFRJQLVH WKH YDOXH RI HTXLW\VHWWOHGVKDUHEDVHGSD\PHQWVWRHPSOR\HHVDVSDUWRIWKHLUUHPXQHUDWLRQ7KH\HDUHQGEDODQFHLVQHWRIIRSWLRQVH[HUFLVHGE\WKH FRQFHUQHGHPSOR\HHV5HIHUWR1RWHIRUIXUWKHUGHWDLOVRIWKHVHSODQV Capital redemption reserve5HSUHVHQWVDPRXQWHTXDOWRWKHIDFHYDOXHRIHTXLW\VKDUHVWUDQVIHUUHGDWWKHWLPHRIEX\EDFNRIVKDUHV Foreign Currency Translation Reserve 5HSUHVHQWVH[FKDQJHGLIIHUHQFHRQWUDQVODWLRQRI¿QDQFLDOVWDWHPHQWVRIIRUHLJQVXEVLGLDULHV Note 11. Other Financial Liabilities ` in Crores Non-Current Current As at As at As at As at March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 D 2WKHU¿QDQFLDOOLDELOLWLHVDWDPRUWL]HGFRVW ,QWHUHVWDFFUXHGEXWQRWGXHRQERUURZLQJV 2.51 &XUUHQWPDWXULW\RIORQJWHUPGHEW 8QSDLG 'LYLGHQGV WR EH FUHGLWHG WR ,QYHVWRU (GXFDWLRQ DQG 5.72 5.54 3URWHFWLRQ)XQGDVDQGZKHQGXH 'HSRVLWV 15.94 44.49 &DSLWDOFUHGLWRUV 33.51 $FFUXHGHPSOR\HHOLDELOLWLHV 2WKHUSD\DEOHV 0.90 13.90 20.39 Total 15.94 7.27 193.30 144.70 224 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 12. Provisions ` in Crores Non-Current Current As at As at As at As at March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 3URYLVLRQIRU(PSOR\HHEHQH¿WV ±3URYLVLRQIRU*UDWXLW\ 5HIHU1RWH 1.97 2.13 ±3URYLVLRQIRU/HDYHHQFDVKPHQW 1.20 ±3URYLVLRQIRU+RXVLQJ)XQG :DUUDQW\ 7.22 5HIHU1RWH D E EHORZ 3URYLVLRQIRU'HFRPPLVVLRQLQJ&RVW 5HIHU1RWH F EHORZ 2.92 Others 0.55 0.44 4.99 5.21 Total 6.96 4.56 31.97 30.88 (a) Housing Fund ` in Crores Current As at As at March 31, 2019 March 31, 2018 $WWKHEHJLQQLQJRIWKH\HDU 5.20 $ULVHQGXULQJWKH\HDU 0.70 8WLOL]HGGXULQJWKH\HDU At the end of the year 6.75 6.05 3URYLVLRQIRUKRXVLQJIXQGFRVWKDVEHHQUHFRJQLVHGLQFRPSOLDQFHZLWK6HFRI1HSDO/DERXU$FW (b) Warranty Provision ` in Crores Current As at As at March 31, 2019 March 31, 2018 $WWKHEHJLQQLQJRIWKH\HDU 0.70 $ULVHQGXULQJWKH\HDU 8WLOL]HGGXULQJWKH\HDU (0.13) (0.10) At the end of the year 0.47 0.60 $SURYLVLRQIRUZDUUDQW\LVUHFRJQL]HGZKHQWKHXQGHUO\LQJSURGXFWVRUVHUYLFHVDUHVROG7KHSURYLVLRQLVEDVHGRQKLVWRULFDOZDUUDQW\ GDWDDQGDZHLJKLQJRIDOOSRVVLEOHRXWFRPHVDJDLQVWWKHLUDVVRFLDWHGSUREDELOLWLHV 225 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 (c) Provision for Decommissioning Cost* ` in Crores Non-Current As at As at March 31, 2019 March 31, 2018 $WWKHEHJLQQLQJRIWKH\HDU 2.92 2.71 $ULVHQGXULQJWKH\HDU ,QWHUHVWXQZLQGLQJIRUWKH\HDU 0.24 0.21 At the end of the year 3.16 2.92 3URYLVLRQIRUGHFRPPLVVLRQLQJGLVPDQWOLQJRI3URSHUW\3ODQWDQG(TXLSPHQW Note 13a. Deferred Tax Assets & Liabilities (net) ` in Crores 6WDWHPHQWRI3UR¿WDQG/RVVIRUDQG Balance Sheet Other Comprehensive Income for the year ended As at As at Nature - (Liability) / Asset March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 Deferred tax liabilities $ULVLQJRXWRIWHPSRUDU\GLIIHUHQFHVLQ 101.25 9.17 (9.24) GHSUHFLDEOHDVVHWV )LQDQFLDO$VVHWVDWIDLUYDOXHWKURXJKSUR¿WDQGORVV 1.54 (0.51) 'LIIHUHQFHLQYDOXDWLRQPHWKRGRILQYHQWRULHV 0.05 0.01 (0.01) Others 9.44 Total (A) 103.47 93.67 9.8 (0.32) Deferred tax assets 2QH[SHQVHVDOORZDEOHDJDLQVWWD[DEOHLQFRPHLQIXWXUH\HDUV 10.11 3.22 (2.17) 'HFRPPLVVLRQLQJOLDELOLW\ 0.21 0.37 0.35 2WKHUVWKURXJKRWKHUFRPSUHKHQVLYHLQFRPH 1.54 0.37 1.17 0.59 Others 3.43 3.00 (0.24) Total (B) 15.66 10.47 5.45 (1.47) Deferred Tax Expenses/(Credit) (A-B) 4.35 (1.15) Net Deferred Tax (Liabilities)/Assets (B-A) (87.81) (83.20) Reconciliation of Deferred Tax Liabilities (net) ` in Crores As at As at March 31, 2019 March 31, 2018 2SHQLQJEDODQFH 7D[LQFRPH ([SHQVH GXULQJWKHSHULRGUHFRJQLVHGLQ3UR¿W (5.52) 1.74 DQG/RVV 7D[LQFRPH ([SHQVH GXULQJWKHSHULRGUHFRJQLVHGLQ2&, 1.17 (0.59) )RUHLJQFXUUHQF\WUDQVODWLRQ (2.90) &ORVLQJEDODQFH (87.81) (83.20) 'XULQJWKH\HDUHQGHG0DUFK DQG0DUFKWKH+ROGLQJ&RPSDQ\KDVSDLGGLYLGHQGWRLWVVKDUHKROGHUV7KLVKDVUHVXOWHG LQSD\PHQWRI'LYLGHQG'LVWULEXWLRQ7D[ ''7 WRWKHWD[DWLRQDXWKRULWLHV7KH+ROGLQJ&RPSDQ\EHOLHYHVWKDW''7UHSUHVHQWVDGGLWLRQDO SD\PHQWWRWD[DWLRQDXWKRULW\RQEHKDOIRIWKHVKDUHKROGHUV CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 13b. Deferred Tax Assets & Liabilities ` in Crores 6WDWHPHQWRI3UR¿WDQG/RVVIRUDQG2WKHU Balance Sheet Comprehensive Income for the year ended Nature - (Liability) / Asset As at As at March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 Deferred tax liabilities $ULVLQJRXWRIWHPSRUDU\GLIIHUHQFHVLQ 0.29 0.03 GHSUHFLDEOHDVVHWV Total (A) 0.29 0.26 0.03 (0.16) Deferred tax assets ([SHQVHVDOORZDEOHRQSD\PHQWDFWXDOEDVLVIRUWD[ 0.77 0.74 0.02 (0.17) SXUSRVH 2WKHUVWKURXJK2WKHU&RPSUHKHQVLYH,QFRPH 0.23 (0.03) (0.01) Total (B) 1.00 1.00 (0.01) (0.18) Deferred Tax Expenses/(Credit) (A-B) 0.04 (0.02) Net Deferred Tax (Liabilities)/Assets (B-A) 0.71 0.74 Reconciliation of Deferred Tax Liabilities (net) ` in Crores March 31, 2019 March 31, 2018 2SHQLQJEDODQFH 0.74 7D[ LQFRPH ([SHQVH GXULQJ WKH SHULRG UHFRJQLVHG (0.01) (0.01) LQ3UR¿WDQG/RVV 7D[ LQFRPH ([SHQVH GXULQJ WKH SHULRG UHFRJQLVHG (0.03) (0.01) LQ2&, $FTXLVLWLRQ 0.01 &ORVLQJEDODQFH 0.71 0.74 'XULQJWKH\HDUHQGHG0DUFK DQG0DUFKWKH&RPSDQ\KDVSDLGGLYLGHQGWRLWVVKDUHKROGHUV7KLVKDVUHVXOWHGLQ SD\PHQWRI'LYLGHQG'LVWULEXWLRQ7D[ ''7 WRWKHWD[DWLRQDXWKRULWLHV7KH&RPSDQ\EHOLHYHVWKDW''7UHSUHVHQWVDGGLWLRQDOSD\PHQW WRWD[DWLRQDXWKRULW\RQEHKDOIRIWKHVKDUHKROGHUV+HQFH''7SDLGLVFKDUJHGWRHTXLW\ Note 13c. Income Tax Assets (net) ` in Crores As at As at March 31, 2019 March 31, 2018 $GYDQFHSD\PHQWRILQFRPHWD[ 20.37 >QHWRISURYLVLRQIRUWD[RI`FURUHV 0DUFK` FURUHV@ Total 20.37 46.53 Note 13(d) . Current tax liabilities (net) ` in Crores As at As at March 31, 2019 March 31, 2018 3URYLVLRQIRULQFRPHWD[>QHWRIDGYDQFHWD[RI`FURUHV 5.25 0DUFK`FURUHV @ Total 3.63 5.25 227 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 1RWH H 5HFRQFLOLDWLRQ RI WD[ H[SHQVH DQG WKH DFFRXQWLQJ SUR¿W PXOWLSOLHG E\ ,QGLD¶V GRPHVWLF WD[ UDWH IRU 0DUFK and March 31, 2018. 7KHWD[RQWKH*URXS VSUR¿WEHIRUHWD[GLIIHUVIURPWKHWKHRUHWLFDODPRXQWWKDWZRXOGDULVHXVLQJWKHVWDQGDUGUDWHRIFRUSRUDWLRQWD[LQ ,QGLD 0DUFK DVIROORZV ` in Crores Year Ended Year Ended March 31, 2019 March 31, 2018 $FFRXQWLQJ3UR¿WEHIRUHLQFRPHWD[ EHIRUHVKDUHRISUR¿WIURP-9 771.50 704.10 3UR¿WEHIRUHLQFRPHWD[PXOWLSOLHGE\VWDQGDUGUDWHRIFRUSRUDWHWD[LQ,QGLDRI 0DUFK (IIHFWVRI 3HUPDQHQWGLIIHUHQFHVDIIHFWLQJLQFRPHWD[H[SHQVH $GGLWLRQDOGHGXFWLRQDOORZHGLQUHVSHFWRI5 'DFWLYLWLHVFDUULHGRXWE\WKHKROGLQJFRPSDQ\ (3.51) (2.22) (IIHFWRIGLIIHUHQWWD[UDWHVLQWKHFRPSRQHQWV 2.02 2WKHUPLVFHOODQHRXVGLVDOORZDQFHV 3.75 Net effective income tax 271.85 244.51 ,QFRPHWD[H[SHQVHUHSRUWHGLQWKH6WDWHPHQWRI3UR¿WDQG/RVV 273.15 243.91 Income tax expense reported in Other Comprehensive Income (1.14) 272.01 244.51 7KH6XEVLGLDULHVRI%HUJHU3DLQWV &\SUXV /LPLWHGDQG/XVDNR7UDGLQJ/LPLWHGKDYHXQDEVRUEHGWD[ORVVHVZKLFKDURVHRQLQFXUUHQFHRI EXVLQHVVORVVHVXQGHUWKHUHVSHFWLYHWD[ORVVIRUZKLFKQRGHIHUUHGWD[DVVHWKDVEHHQUHFRJQLVHGLQWKH%DODQFH6KHHW5HIHUWDEOHEHORZ ` in Crores Financial Year Particulars March 31, 2019 Expiry Date March 31, 2018 Expiry Date )< %XVLQHVV/RVV 'HF )< %XVLQHVV/RVV 5.92 'HF 'HF )< %XVLQHVV/RVV 'HF 'HF )< %XVLQHVV/RVV 'HF 0.95 'HF )< %XVLQHVV/RVV 'HF 7.55 'HF )< %XVLQHVV/RVV 9.09 'HF $WWKHHQGRIWKHUHSRUWLQJSHULRGWKHDJJUHJDWHDPRXQWRIWHPSRUDU\GLIIHUHQFHVDVVRFLDWHGZLWKXQGLVWULEXWHGHDUQLQJVRIWKHVXEVLGLDULHV IRUZKLFKGHIHUUHGWD[OLDELOLWLHVKDYHQRWEHHQUHFRJQLVHGLV`FURUHV `FURUHV 1ROLDELOLW\KDVEHHQUHFRJQLVHG LQUHVSHFWRIWKHVHGLIIHUHQFHVEHFDXVHPDQDJHPHQWFRQWUROVWKHGLVWULEXWLRQVRIWKHHDUQLQJVRIWKHVXEVLGLDULHVWRWKHKROGLQJFRPSDQ\ DQGLWKDVQRLQWHQWLRQWRGLVWULEXWHWKHHDUQLQJVRIWKHVXEVLGLDULHV CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 14a. Financial Liabilities- Borrowings ` in Crores Non-Current Current As at As at As at As at March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 Secured 7HUP/RDQ )URP%DQNV VHFXUHG 230.49 244.20 /RDQVUHSD\DEOHRQGHPDQG )URP%DQNV %DQN2YHUGUDIW 3.02 &DVKFUHGLW 140.71 /RQJWHUPPDWXULW\RI¿QDQFHOHDVHREOLJDWLRQV 5.27 2WKHUORDQV Unsecured &RPPHUFLDO3DSHU 238.92 249.47 245.01 172.70 7HUP/RDQIURPEDQNVDUHVHFXUHGE\DFKDUJHE\ZD\RIPRUWJDJHRQVRPHVSHFL¿F¿[HGDVVHWV 7HUPORDQRI`FURUHV `FURUHV LVUHSD\DEOHE\'HFHPEHU DQGFDUULHVLQWHUHVWRIPRQWK/,%25 %DVLVSRLQWV7HUPORDQRI`FURUHV `FURUHV LVUHSD\DEOHE\$SULODQGFDUULHVLQWHUHVWRIPRQWK /,%25%DVLVSRLQWV %DQNRYHUGUDIWDUHUHSD\DEOHRQGHPDQGDQGFDUU\LQWHUHVWUDWHRI1LO 0DUFK 0,%25ESV &DVK&UHGLWVIURPEDQNVDUHVHFXUHGE\ZD\RI¿UVWFKDUJHRQERRNGHEWVDQGRWKHUFXUUHQWDVVHWVUDQNLQJSDULSDVVXEHWZHHQWKHOHQGHUV ¿UVWSDULSDVVXFKDUJHRYHUHQWLUHFXUUHQWDVVHWV &DVK&UHGLWLVUHSD\DEOHRQGHPDQGDQGFDUULHVLQWHUHVWDWWRSHUDQQXP 0DUFK SHUDQQXP ,QFOXGHV:RUNLQJ&DSLWDOGHPDQGORDQIURPEDQNVDUHVHFXUHGE\ZD\RI¿UVWFKDUJHRQERRNGHEWVDQGRWKHUFXUUHQWDVVHWVUDQNLQJSDUL SDVVXEHWZHHQWKHOHQGHUV ¿UVWSDULSDVVXFKDUJHRYHUHQWLUHFXUUHQWDVVHWV :RUNLQJFDSLWDOGHPDQGORDQLVUHSD\DEOHZLWKLQ$SULO DQGFDUULHVLQWHUHVWDW SHUDQQXP 0DUFK 1LO &RPPHUFLDOSDSHUFDUULHVLQWHUHVWDW SHUDQQXP 0DUFK 1LO DQGLVUHSD\DEOHE\$SULO Amendments to Ind AS 7 Statement of Cash Flows: 7KHDPHQGPHQWVWR,QG$6UHTXLUHHQWLWLHVWRSURYLGHGLVFORVXUHRIFKDQJHVLQWKHLUOLDELOLWLHVDULVLQJIURP¿QDQFLQJDFWLYLWLHVLQFOXGLQJ ERWKFKDQJHVDULVLQJIURPFDVKÀRZVDQGQRQFDVKFKDQJHV VXFKDVIRUHLJQH[FKDQJHJDLQVRUORVVHV 7KH&RPSDQ\KDVSURYLGHGWKH LQIRUPDWLRQIRUERWKWKHFXUUHQWDQGWKHFRPSDUDWLYHSHULRGLVDVXQGHU 229 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 &KDQJHVLQOLDELOLWLHVDULVLQJIURP¿QDQFLQJDFWLYLWLHV ` in Crores Exchange Particulars April 1, 2018 &DVKÀRZV March 31, 2019 difference 1RQ&XUUHQW%RUURZLQJV 7HUP/RDQ 244.20 (33.07) 230.49 H[FOXGHVFXUUHQWPDWXULW\RIORQJWHUPGHEW`FURUHV 0DUFK1LO Exchange Particulars April 1, 2017 &DVKÀRZV March 31, 2018 difference 1RQ&XUUHQW%RUURZLQJV 7HUP/RDQ 259.59 (15.39) 244.20 Exchange Particulars April 1, 2018 &DVKÀRZV March 31, 2019 difference &XUUHQW%RUURZLQJV %DQNRYHUGUDIW 3.02 (3.02) &DVKFUHGLW 140.71 (57.30) &RPPHUFLDOSDSHU 2WKHU/RDQV Exchange Particulars April 1, 2017 &DVKÀRZV March 31, 2018 difference &XUUHQW%RUURZLQJV %DQNRYHUGUDIW 5.19 (2.17) 3.02 &DVKFUHGLW 30.51 110.20 140.71 %X\HUV &UHGLW 5.17 2WKHU/RDQV 24.14 230 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 14b. Financial Liabilities- Trade Payables ` in Crores As at As at March 31, 2019 March 31, 2018 L 7RWDORXWVWDQGLQJGXHVRIPLFURHQWHUSULVHVDQGVPDOOHQWHUSULVHV UHIHUQRWHEHORZ LL 7RWDORXWVWDQGLQJGXHVRIFUHGLWRUVRWKHUWKDQPLFURHQWHUSULVHVDQGVPDOOHQWHUSULVHV $FFHSWDQFHV 2XWVWDQGLQJGXHVRIFUHGLWRUVRWKHUWKDQDFFHSWDQFHV 952.18 937.41 ` in Crores As at As at March 31, 2019 March 31, 2018 Disclosure under the Micro, Small and Medium enterprises Development Act, 2006 are provided as under to the extent the Company has received intimation from the suppliers regarding their status under the Act. 3ULQFLSDODPRXQWUHPDLQLQJXQSDLGDWWKHHQGRIWKH\HDU ,QWHUHVWGXHWKHUHRQUHPDLQLQJXQSDLGDWWKHHQGRIWKH\HDU 2.14 1.51 46.82 17.84 'HOD\HGSD\PHQWRI3ULQFLSDODPRXQWSDLGEH\RQGDSSRLQWHGGDWHGXULQJWKHHQWLUH¿QDQFLDO\HDU 27 ,QWHUHVWDFWXDOO\SDLGXQGHU6HFWLRQRIWKH$FWGXULQJWKHHQWLUHDFFRXQWLQJ\HDU $PRXQWRI,QWHUHVWGXHDQGSD\DEOHIRUWKHSHULRGRIGHOD\LQPDNLQJWKHSD\PHQW ZKLFKKDYHEHHQSDLGEXW 0.24 0.33 EH\RQGWKHDSSRLQWHGGD\GXULQJWKH\HDU EXWZLWKRXWDGGLQJLQWHUHVWVSHFL¿HGXQGHUWKLV$FW $PRXQWRI,QWHUHVWGXHDQGSD\DEOHIRUWKHSHULRG ZKHUHSULQFLSDOKDVEHHQSDLGEXWLQWHUHVWXQGHUWKH 0.30 060('$FWQRWSDLG ,QWHUHVWDFFUXHGDQGUHPDLQLQJXQSDLGDWWKHHQGRIWKH\HDU 0.43 7KHDPRXQWRIIXUWKHULQWHUHVWUHPDLQLQJGXHDQGSD\DEOHHYHQLQVXFFHHGLQJ\HDUVXQWLOVXFKGDWHZKHQWKH 2.14 1.51 LQWHUHVWGXHVDVDERYHDUHDFWXDOO\SDLGWRWKH0LFURDQG6PDOO(QWHUSULVHVIRUWKHSXUSRVHRIGLVDOORZDQFHV DVGHGXFWLEOHH[SHQGLWXUHXQGHU6HFWLRQRIWKLV$FW Terms and conditions of the above trade payables: 7UDGHSD\DEOHVDUHQRQLQWHUHVWEHDULQJDQGDUHQRUPDOO\VHWWOHGRQ GD\WHUPV )RUWHUPVDQGFRQGLWLRQVZLWKUHODWHGSDUWLHVUHIHUWR1RWH Note 15. Other liabilities ` in Crores Non-Current Current As at As at As at As at March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 Others $GYDQFHIURPFXVWRPHUV 19.12 19.29 6WDWXWRU\OLDELOLWLHV 39.15 73.43 2WKHUOLDELOLWLHV 1.72 Total 3.85 1.72 60.12 93.88 231 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 1RWHD7KHFDUU\LQJYDOXHDQGIDLUYDOXHRI¿QDQFLDOLQVWUXPHQWVE\FDWHJRU\DVDWHQGRIWKH\HDUDUHDVIROORZV ` in Crores As at As at March 31, 2019 March 31, 2018 Financial Assets - Non Current $WIDLUYDOXHWKURXJKSUR¿WRUORVV ,QYHVWPHQWV 0.00 0.00 $WDPRUWLVHGFRVW D /RDQVDQGGHSRVLWV 20.43 E 2WKHU¿QDQFLDODVVHWV 2.53 22.59 22.96 $WGHHPHGFRVWVXEVHTXHQWDGGLWLRQVDWFRVW ,QYHVWPHQWVLQMRLQWYHQWXUHV 144.12 105.54 7RWDOQRQFXUUHQW¿QDQFLDODVVHWV D 166.71 128.50 Financial Assets - Current $WIDLUYDOXHWKURXJKSUR¿WRUORVV D ,QYHVWPHQWV 227.59 $WDPRUWLVHGFRVW D /RDQVDQGGHSRVLWV E &DVKDQGFDVKHTXLYDOHQWV 57.07 F %DQNEDODQFHVRWKHUWKDQ E DERYH G 7UDGHUHFHLYDEOHV H 2WKHU¿QDQFLDODVVHWV 3.14 7RWDOFXUUHQW¿QDQFLDODVVHWV E 1,171.88 1,130.73 7RWDO¿QDQFLDODVVHWV DE 1,338.59 1,259.23 232 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 16b. Financial Liabilities ` in Crores As at As at March 31, 2019 March 31, 2018 Financial Liabilities - Non Current $W$PRUWLVHG&RVW D %RUURZLQJV 249.47 E 2WKHU)LQDQFLDO/LDELOLWLHV 15.94 7.27 7RWDO1RQFXUUHQW¿QDQFLDOOLDELOLWLHV D 254.86 256.74 Financial liabilities - current $WDPRUWLVHGFRVW D %RUURZLQJV 245.01 172.70 E 7UDGHSD\DEOHV L 7RWDORXWVWDQGLQJGXHVRIPLFURHQWHUSULVHVDQGVPDOOHQWHUSULVHV LL 7RWDORXWVWDQGLQJGXHVRIFUHGLWRUVRWKHUWKDQPLFURHQWHUSULVHVDQGVPDOOHQWHUSULVHV 937.41 F 2WKHU¿QDQFLDOOLDELOLWLHV ,QWHUHVWDFFUXHGEXWQRWGXHRQERUURZLQJV 2.51 &XUUHQWPDWXULW\RIORQJWHUPGHEW 8QSDLGGLYLGHQGV WREHFUHGLWHGWR,QYHVWRU(GXFDWLRQDQG3URWHFWLRQ)XQGDVDQGZKHQGXH 5.72 5.54 Others 'HSRVLWV 44.49 &DSLWDOFUHGLWRUV 33.51 $FFUXHGHPSOR\HHOLDELOLWLHV 2WKHUSD\DEOHV 13.90 20.39 7RWDOFXUUHQW¿QDQFLDOOLDELOLWLHV E 1,437.31 1,272.65 7RWDO¿QDQFLDOOLDELOLWLHV DE 1,692.17 1,529.39 5HIHU1RWH $OVRUHIHUQRWHIRUIDLUYDOXHKHLUDUFK\ Note 17. Distribution made and proposed ` in Crores As at As at March 31, 2019 March 31, 2018 &DVKGLYLGHQGVRQ(TXLW\VKDUHVGHFODUHGDQGSDLG )LQDOGLYLGHQGIRU0DUFK`SHUVKDUH 0DUFK`SHUVKDUH 'LYLGHQG'LVWULEXWLRQ7D[RQ¿QDOGLYLGHQG 35.93 34.59 210.71 204.52 Proposed dividends on equity shares: )LQDOGLYLGHQGIRU0DUFK `1.90 SHUVKDUH 0DUFK`SHUVKDUH 'LYLGHQG'LVWULEXWLRQ7D[RQSURSRVHGGLYLGHQG 37.93 35.93 222.44 210.71 $VDW0DUFK SURSRVHGGLYLGHQGRQHTXLW\VKDUHVLVVXEMHFWWRDSSURYDOLQWKHHQVXLQJ$QQXDO*HQHUDO0HHWLQJ3HQGLQJVXFK DSSURYDOSURSRVHGGLYLGHQGDQGGLYLGHQGGLVWULEXWLRQWD[WKHUHRQKDYHQRWEHHQUHFRJQLVHGLQWKHVH,QG$6¿QDQFLDOVWDWHPHQWV 233 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 18. Revenue from Operations ` in Crores Year Ended Year Ended March 31, 2019 March 31, 2018 6DOHRISURGXFWVQHWRIIUHEDWHVDQGGLVFRXQWV LQFOXGLQJH[FLVHGXW\ >UHIHUQRWHEHORZ@ &RQWUDFWUHYHQXH 3.35 2WKHU2SHUDWLQJUHYHQXH 6FUDS6DOHV 12.12 Others 45.11 39.72 Total 6,061.86 5,282.12 5HYHQXHIURPRSHUDWLRQVIRUSHULRGVXSWR-XQHLQFOXGHVH[FLVHGXW\)URP-XO\RQZDUGVH[FLVHGXW\DQGPRVWLQGLUHFW WD[HVLQ,QGLDKDYHEHHQUHSODFHGE\*RRGVDQG6HUYLFH7D[ *67 7KH*URXSFROOHFWV*67IURPLWVFXVWRPHUVRQEHKDOIRIWKH*RYHUQPHQW DQGKHQFH*67LVQRWLQFOXGHGLQ5HYHQXHIURPRSHUDWLRQV5HYHQXHIURPRSHUDWLRQVLQFOXGHVH[FLVHGXW\FROOHFWHGIURPFXVWRPHUVRI `1LO 0DUFK ` FURUHV 5HYHQXHIURPRSHUDWLRQVQHWRIH[FLVHGXW\LV` 0DUFK `FURUHV 5HYHQXHIURPRSHUDWLRQVIRUSHULRGVXSWR-XQHLQFOXGHVH[FLVHGXW\,QYLHZRIWKHDIRUHVDLGFKDQJHLQLQGLUHFWWD[HV5HYHQXH IURPRSHUDWLRQVIRU\HDUHQGHG0DUFK LVQRWFRPSDUDEOHZLWKWKHDPRXQWUHSRUWHGIRUWKH\HDUHQGHG0DUFK 5HYHQXHIURPVDOHRISURGXFWVDUHUHFRJQLVHGZKHQJRRGVDUHWUDQVIHUUHGDWDSRLQWLQWLPH &RQWUDFWUHYHQXHLVUHFRJQLVHGRYHUDSHULRGRIWLPH Note 19. Other Income ` in Crores Year Ended Year Ended March 31, 2019 March 31, 2018 ,QWHUHVW,QFRPH 'HSRVLWVZLWKEDQNV Others 5.94 2WKHUQRQRSHUDWLQJLQFRPH 1HWJDLQRQVDOHRIPXWXDOIXQGLQYHVWPHQWV )DLUYDOXHJDLQRQPXWXDOIXQGLQYHVWPHQWV 4.41 )RUHLJQ([FKDQJH*DLQ QHW 0.13 1.77 Others 21.01 Total 60.03 45.87 234 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 20. Cost of materials consumed ` in Crores Year Ended Year Ended March 31, 2019 March 31, 2018 5DZ0DWHULDOV&RQVXPHG 2SHQLQJ6WRFNV 304.34 247.01 3XUFKDVHV &ORVLQJVWRFN (354.00) (304.34) 2,969.03 2,298.84 3DFNLQJ0DWHULDO&RQVXPHG 2SHQLQJ6WRFNV 23.30 3XUFKDVHV &ORVLQJVWRFN (23.30) 447.47 379.30 Cost of materials consumed* 3,416.50 2,678.14 $OVRUHIHUQRWHIRUH[SHQVHVRQUHVHDUFKDQGGHYHORSPHQW 1RWH ,QFUHDVH LQLQYHQWRULHVRI¿QLVKHGJRRGVZRUNLQSURJUHVVDQGVWRFNLQWUDGH ` in Crores Year Ended Year Ended March 31, 2019 March 31, 2018 Opening Stock :RUNLQ3URJUHVV )LQLVKHG*RRGV 531.95 7UDGHGJRRGV 663.19 657.82 Closing Stock :RUNLQ3URJUHVV )LQLVKHG*RRGV 7UDGHGJRRGV 837.14 663.19 ,QFUHDVH LQ([FLVH'XW\RQ6WRFNRI)LQLVKHG*RRGV ,QFUHDVH LQLQYHQWRULHVRI¿QLVKHGJRRGVZRUNLQSURJUHVVDQGWUDGHGJRRGV (173.95) (99.97) ,QFOXGHVUHYHUVDORIH[FLVHGXW\RQ,QYHQWRU\DVDW0DUFK'XHWRLPSOHPHQWDWLRQRI*67LQWKHSUHYLRXV\HDUWKHUHLVQRH[FLVH GXW\HOHPHQWRQWKHLQYHQWRU\DVDW0DUFKDQG0DUFK 1RWH(PSOR\HHEHQH¿WVH[SHQVH ` in Crores Year Ended Year Ended March 31, 2019 March 31, 2018 6DODULHVDQGZDJHV 305.74 &RQWULEXWLRQWRSURYLGHQWDQGRWKHUIXQGV 5HIHU1RWH 25.43 ([SHQVHRQHPSOR\HHVWRFNRSWLRQVFKHPH 5HIHU1RWH 6WDIIZHOIDUHH[SHQVHV 23.70 Total 408.51 356.58 $OVRUHIHUQRWHIRUH[SHQVHVRQUHVHDUFKDQGGHYHORSPHQW 235 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Note 23. Finance costs ` in Crores Year Ended Year Ended March 31, 2019 March 31, 2018 ,QWHUHVWRQGHEWVDQGERUURZLQJV 32.09 24.34 8QZLQGLQJRIGLVFRXQWRQSURYLVLRQV 5HIHU1RWH 0.24 0.21 Total 32.33 24.55 Note 24. Depreciation and amortization expense ` in Crores Year Ended Year Ended March 31, 2019 March 31, 2018 'HSUHFLDWLRQRIWDQJLEOHDVVHWV 1RWH 134.22 120.45 $PRUWL]DWLRQRILQWDQJLEOHDVVHWV 1RWH 3.55 Total 137.77 124.21 Note 25. 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F *XDUDQWHHVH[FOXGLQJ¿QDQFLDOJXDUDQWHHV ` in Crores As at As at March 31, 2019 March 31, 2018 L 2XWVWDQGLQJ%DQN*XDUDQWHHV 33.22 Financial guarantees LL &RUSRUDWHJXDUDQWHHVLVVXHGE\WKH&RPSDQ\WRFHUWDLQEDQNVIRUORDQVWDNHQE\VRPHRI LWVVXEVLGLDULHVDQGDPRXQWRXWVWDQGLQJDVDWWKH\HDUHQG UHIHUQRWHDEHORZ D 7KH&RPSDQ\KDVPRUWDJHGFHUWDLQLPPRYDEOHSURSHUWLHVZLWK6WDQGDUG&KDUWHUHG%DQNDQGKDVDOVRFUHDWHGFKDUJHRQFHUWDLQ ¿[HGPRYHDEOHDVVHWVZLWK'%6%DQNLQUHODWLRQWRORDQH[WHQGHGWRLWVVXEVLGLDU\0V/XVDNR7UDGLQJ/LPLWHG E 7KHORDQLVXWLOLVHGE\WKHVDLGVXEVLGLDU\IRULWVEXVLQHVVSXUSRVHV$OVRUHIHUQRWH 33a. Disclosure in respect of Related Parties pursuant to Ind AS 24 List of Related Parties I. Parent and Subsidiary Companies: Name of related parties Nature of relationship Principal Place of business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¿UH0DQDJHPHQW6HUYLFHV/LPLWHG -RLQW9HQWXUHRI%ROL[6$ 8QLWHG.LQJGRP 250 CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 List of Related Parties (Contd.) II. 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Expenditure on Research & Development D 'HWDLOVRI5HVHDUFK 'HYHORSPHQWH[SHQVHVLQFXUUHGGXULQJWKH\HDUGHELWHGXQGHUYDULRXVKHDGVRI6WDWHPHQWRI3UR¿WDQG/RVV LVJLYHQEHORZ ` in Crores Year Ended Year Ended March 31, 2019 March 31, 2018 (PSOR\HHEHQH¿WVH[SHQVH 10.05 &RVWRIPDWHULDOVFRQVXPHG 1.20 0.99 3RZHUDQGIXHO 0.39 0.39 'HSUHFLDWLRQRIWDQJLEOHDVVHWV 2.04 1.95 0LVFHOODQHRXVH[SHQVHV 1.14 1.17 15.73 14.55 E'HWDLOVRI&DSLWDOH[SHQGLWXUHVLQFXUUHGIRU5HVHDUFK 'HYHORSPHQWDUHJLYHQEHORZ &DSLWDO([SHQGLWXUHV 3.75 1.40 3.75 1.40 Total 19.48 15.95 $ERYH LQFOXGHV DOORZDEOH H[SHQGLWXUH XQGHU VHFWLRQ $% RI WKH ,QFRPH 7D[ $FW IRU D UHVHDUFK GHYHORSPHQW XQLW VLWXDWHG LQ+RZUDK.RONDWDZKLFKIRFXVHVRQUHDVHDUFKRQQHZDQGH[LVWLQJSDLQWSURGXFWVUHIRUPXODWLRQIRUFRVWRSWLPL]DWLRQHQYLURQPHQW IULHQGO\SURGXFWVHWF CONSOLIDATED NOTES TO IND AS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2019 Details are mentioned below : &DSLWDOH[SHQGLWXUH ` FURUHV 0DUFK`FURUHV 5HYHQXHH[SHQGLWXUH ` FURUHV 0DUFK` FURUHV Note 39. 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