JAY SHREE TEA & INDUSTRIES LIMITED TH ANNUAL REPORT - TEA ESTATES Towkok, Manjushree, Mangalam, Nahorhabi Sibsagar, Assam Meleng Jorhat, Assam Dewan, Burtoll, Labac, Kalline, Jellalpore Cachar, Assam Tukvar, Risheehat Singbulli, Balasun, Sungma, North Tukvar, Homage to a Legend Marionbarie, Jayantika Darjeeling, West Bengal Aryaman Jalpaiguri, West Bengal Ananyashree Uttar Dinajpur, West Bengal Sholayar, Kallyar Coimbatore, Tamil Nadu CHEMICALS & FERTILISERS UNITS The Jay Shree Chemicals & Fertilisers, Khardah 24 Parganas (North), West Bengal The Jay Shree Chemicals & Fertilisers, Pataudi Gurgaon, Haryana OTHERS Warehousing & Tea Export Deptt. Kolkata, West Bengal Tea Warehouse & Sales Deptt. Kochi, Kerala SUBSIDIARY COMPANIES North Tukvar Tea Company Limited Jayantika Investment & Finance Limited Majhaulia Sugar Industries Private Limited Birla Holdings Limited, U.A.E. Pujya Syt. Basant Kumar Birla (12th January, 1921 – 3rd July, 2019) FORMER CHAIRMAN JAY SHREE TEA & INDUSTRIES LIMITED A VISIONARY, A HUMANITARIAN, A LEGEND AN OUTSTANDING INDUSTRIALIST, A GREAT PHILANTHROPIST, A TRUE KARMAYOGI WE ABIDE BY HIS PRINCIPLES & VALUES Annual Report 2019-20 JAY SHREEJAY SHREE TEA TEA & & INDUSTRIES LIMITED LIMITED 74TH ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2020 73rd ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2019 BOARD OF DIRECTORS BANKERS REGISTERED & HEAD OFFICE BOARD OF DIRECTORSMrs. Jayashree Mohta AxisBANKERS Bank Ltd. "Industry House"REGISTERED & HEAD OFFICE Mr. B.K. Birla(Chairperson) (Chairman) DCBAxis Bank Bank Ltd. Ltd. 10, Camac "IndustryStreet, House" Mrs. JayashreeMr. MohtaS.K.Tapuriah HDFCDCB Bank Bank Ltd. Ltd. Kolkata 70001710, Camac Street (Vice-Chairperson)Mr.Sumit Mazumder ICICIHDFC Bank Bank Ltd. Ltd. Ph : (033) 22827531-34Kolkata 700017 Mr. S.K. TapuriahMr.Harsh Vardhan Kanoria IndusIndICICI Bank Bank Ltd.Ltd. Fax : (033) 22827535Ph : (033) 22827531-34 Mr. Sumit MazumderMr. Subodh Kumar Agrawal KotakIndusInd Mahindra Bank Bank Ltd. Ltd. E-mail : [email protected] : (033) 22827535 Mr. Harsh VardhanMr.Vikash Kanoria Kandoi RBLKotak Bank Mahindra Ltd. Bank Ltd. website : www.jayshreetea.comE-mail : [email protected] (Addi�onal Director(Executive w.e.f. Director) 11.02.2019) StateRBL Bank Bank of Ltd.India CIN : L15491WB1945PLC012771website : www.jayshreetea.com Mr. Subodh KumarMr.D.P.Maheshwari Agrawal UCOState Bank Bank of India CIN : L15491WB1945PLC012771 Mr. Vikash Kandoi(Managing Director) YesUCO Bank Bank Ltd. (Execu�ve Director) Yes Bank Ltd. MUMBAI OFFICE Mr. D.P. MaheshwariMr. R.K.Ganeriwala 708, EmbassyMUMBAI Centre, Nariman OFFICE Point, (Managing Director)(President, CFO & Secretary) Stock EXchanges WHERE Ph : (022)22830915/22823474708, Embassy Centre, Nariman Point, SSHAREhares ARE DEPTT. listed Mumbai 400 021 EXECUTIVES National“Industry Stock House” Exchange of India Ltd. AHMEDABADPh OFFICE: (022)22830915/22823474 Mr. R.K. GaneriwalaSOLICITORS Bombay10, Camac Stock ExchangeStreet Ltd., 101, Sheel FaxBuilding, :(022) 4 Mayur 22873045 Colony (President, CFOKhaitan & Secretary)& Co.LLP,. TheKolkata Calcutta 700 Stock 017 Exchange Ltd. Navrangpura, Ahmedabad-380 009 Mr. S. Basu 1-B, Old Post Office Street, Ph : (033) 22827531/4 Ph : (079) 26565371/26430511 Advisor (ExportKolkata & �ar�e�n�) 700 001 Fax : (033) 22827535 AHMEDABAD OFFICE Mr. H.G. Singh AUDITE-mail COMMITTEE : [email protected] DELHI101, OFFICE Sheel Building, 4 Mayur Colony Advisor (UpperSTATUTORY Assam AUDITORSGardens) Mr.S.K.Tapuriah, (Chairman) 620-A, FaizNavrangpura, Road, Ahmedabad-380 009 Mr. B.K. ChaturvediS.R.Batliboi & Co. LLP Mr.Sumit Mazumder 2nd Floor, KarolPh : Bagh,(079) 26565371/26430511 1 Vice President22,Camac (Taxa�on) Street Mr.SubodhSTOCK EXCHANGES Kr. Agrawal WHERE New Delhi - 1100 055 Mr. Rajan Goyal3rd Floor, Block 'C' Mr.SHARES D.P.Maheshwari ARE LISTED Phone : (011) 23633717/23522149 Vice PresidentKolkata (Tea 700 Exports) 016 Na�onal Stock Exchange of India (011)Ltd. 23633747NEW DELHI OFFICE STAKEHOLDERSBombay Stock RELATIONSHIP Exchange Ltd. 620-A, Faiz Road SOLICITORS REGISTRARS COMMITTEEThe Calcu�a Stock Exchange Ltd. 2nd Floor, Karol Bagh Khaitan & Co.LLP,.Maheshwari Datamatics Pvt.Ltd Mr. S. K. Tapuriah (Chairman) Inside this Newreport Delhi - 1100 055 1-B, Old Post23, Office R.N.Mukherjee Street, Road Mr. Sumit Mazumder Notice Phone : (011) 23633717/2352214902 Kolkata 700 0015th Floor, Kolkata 700 001 Mr.AUDIT Subodh COMMITTEE Kr.Agrawal Report of the(011) Directors 23633747 11 Ph : (033) 22435029/22482248 Mr.Mr. D. S.K.P. Maheshwari Tapuriah, (Chairman) Annexure to the Directors' Report 18 STATUTORY AUDITORSFax : (033) 22484787 Mr. Sumit Mazumder Management's Discussion & Analysis 25 S.R. Batliboi &E-mail Co. : [email protected] NOMINATIONMr. Subodh AND Kr. REMUNERATIONAgrawal Corporate GovernanceInside this Report report 27 22,Camac Street COMMITTEEMr. D.P. Maheshwari Statement pursuantNo�ce to section 129 of Co. Act, 2013 41 02 3rd Floor, BlockSHARE 'B' DEPTT. Mr. S. K. Tapuriah (Chairman) Financial HighlightsReport forof 5the years Directors 42 07 Kolkata 700 016Industry House Mr. Harsh Vardhan Kanodia StandaloneAnnexure Independent to Auditors' the Directors' Report Report45 13 10, Camac Street, Mr. Sumit Mazumder Standalone Balance Sheet 56 Management's Discussion & Analysis 27 Kolkata 700 017 Standalone Statement of Profit & Loss 57 REGISTRARS STAKEHOLDERS RELATIONSHIP Corporate Governance Report 29 Maheshwari PhDatama�cs : (033) 22827531/4 Pvt.Ltd CORPORATECOMMITTEE SOCIAL RESPONSIBILITY Standalone Statement of Changes in Equity 58 Statement pursuant to sec�on 129 of Co. 42 23, R. N. MukherjeeFax : (033) Road 22827535 COMMITTEEMr. S.K. Tapuriah (Chairman) Standalone Cash Flow Statement 59 5th Floor, KolkataE-mail :700 shares 001 @jayshreetea.com Mrs.Mr. Jayashree Sumit Mazumder Mohta (Chairperson) Notes to StandaloneAct, 2013 Financial Statements 61 Ph : (033) 22435029/22482248 Mr.Mr. S. SubodhK. Tapuriah Kr.Agrawal ConsolidatedFinancial Independent Highlights Auditors' for Report 5 years 116 43 Fax : (033) 22484787 Mr.Mr. Vikash D.P. KandoiMaheshwari ConsolidatedIndependent Balance Sheet Auditors' Report 126 45 E-mail : [email protected] Mr. D. P. Maheshwari ConsolidatedBalance Statement Sheet of Profit & Loss 127 52 NOMINATION AND REMUNERATIONConsolidatedStatement Statement of ChangesProfit & in LossEquity 128 53 COMMITTEE ConsolidatedStatement Cash flow Statements of Changes in Equity 129 54 Mr. S.K. Tapuriah (Chairman) Notes to ConsolidatedCash Flow Financial Statement Statements 131 55 Mr. B.K. Birla ConsolidatedNotes Segmental to Financial Information Statements 190 57 Mr. Sumit Mazumder Consolidated Independent Auditors' Report 102 Consolidated Balance Sheet 110 CORPORATE SOCIAL Consolidated Statement of Profit & Loss 111 RESPONSIBILITY COMMITTEE Mrs. Jayashree Mohta (Chairperson) Consolidated Statement of Changes in Equity 112 Mr. S.K. Tapuriah Consolidated Cash flow Statements 113 Mr. Vikash Kandoi Consolidated Notes to Financial Statements 115 Mr. D.P. Maheshwari Consolidated Segmental Informa�on 166 Jay Shree Tea & Industries Limited Notice To the Shareholders "RESOLVED FURTHER THAT, notwithstanding anything herein above stated where in any Notice is hereby given that the Seventy Fourth financial Year closing on or after March 31, Annual General Meeting of the Company will be held 2020 during the tenure of Mr.Vikash Kandoi on Wednesday, the 30th September, 2020 at 3:30 as Whole-time Director of the Company, P.M. through two-way Video Conferencing (“VC”) or the Company incurs loss or its profits are Other Audio Visual Means (“OAVM”) to transact the inadequate, the company shall pay Mr.Vikash following businesses: Kandoi the remuneration by way of salary, ORDINARY BUSINESS: perquisites and allowances as a minimum remuneration but not exceeding the limits 1. To consider and adopt the Audited Financial specified under Schedule V to the Companies Statement for the Financial Year ended Act, 2013 or such other limits as may be 31.03.2020 and the Reports of the Board of prescribed by the Central Government from Directors and Auditors thereon. time to time as minimum remuneration.” 2. To appoint a Director in place of Mrs.Jayashree “RESOLVED FURTHER THAT the Board and/or Mohta (holding DIN-01034912), who retires by its committee be and is hereby authorized in rotation and is eligible for re- appointment. its absolute discretion to decide/determine, SPECIAL BUSINESS: fix and/or vary/alter/modify within the limit stated above, the components of Remuneration 3. Re-appointment of Mr. Vikash Kandoi, Whole- (including Minimum Remuneration in the time Director under the designation “Executive event of absence or inadequacy of profits in Director” for a term of three years w.e.f. any financial year) payable to Mr. Vikash Kandoi 01.04.2021 from time to time and to comply with legal To consider and if thought fit, to pass with provisions and to do all such acts, deeds, things and matters and ancillary and consequential 2 or without modification(s), the following resolution as Special Resolution: things as may be considered necessary and to settle all questions or difficulties whatsoever “RESOLVED THAT pursuant to the provisions of that may arise to give effect to the above Sections 196,197 and 203 read with Schedule resolution.” V and other applicable provisions, if any, of the Companies Act, 2013 and the Companies 4. Approval of the remuneration of the Cost (Appointment and Remuneration of Managerial Auditor of the Company for the year 2020-21. Personnel) Rules, 2014 (including