a) Terms & Conditions of Equity Shares
1. The Company has one class of Equity shares having a par value of '10/- each.
2. Each shareholder is eligible for one vote per shares held.
3. The dividend proposed by the Board of Directors is subject to the approval of shareholders in the Annual General Meeting, except in the case of interim dividend.
4. In the event of liquidation, the Equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion of their shareholding.
b) No shares of the company are held by subsdiary company
I) Terms & Conditions of Secured Loans
1. Punjab National Bank
Term Loan
a) Secured by first pari-passu charge by way of mortgage of factory land and building of the company at Libberheri, Barkatpur, Khaikheri and Shermau.
b) Secured by first pari passu charge by way of Hypothecation of other fixed assets (inclusive of all movables, plant and machinery) both present and future of the borrower (excluding specific charge) shared with other term Lender/soft loan lenders on pari-passu basis.
c) Third Charge on current assets of the company (except stock pledged) both present and future.
d) Guaranteed by Managing Director of the company and corporate guarantee of Uttam Adlakha & Sons Holdings Private Limited.
Cash Credit Limit
a) Secured by way of pledge of stocks of sugar at Libberheri, Shermau, Barkatpur and Khaikheri units of the company.
b) Sub limit of '50 crores is secured by first pari passu charge by way of Hypothecation on stock of Molasses present and future at all units of the company i.e. Libberheri, Shermau, Barkatpur and Khaikheri.
c) Guaranteed by Managing Director of the company and corporate guarantee of Uttam Adlakha & Sons Holdings Private Limited.
d) By way of third pari passu charge on immovable assets of the Company (Secured / to be secured).
Non-Fund Based
a) Secured by way of first pari passu charges by hypothecation of stocks of raw materials, sugar, molasses, other stores and spares and book debts/receivables and other current assets of the Company both present and future and third pari passu charge on movable and immovable assets of the Company.
b) Guaranteed by Managing Director of the company and corporate guarantee of Uttam Adlakha & Sons Holdings Private Limited.
2. State Bank of India
Working Capital Demand Loan/RDL
a) Secured by exclusive Charge by way of pledge of stocks kept under commodity backed by warehouse receipt finance scheme of SBI.
b) Guaranteed by Managing Director of the company and Corporate Guarantee of Uttam Adlakha and Sons Holdings Pvt. Limited.
3. Zila Sahkari Bank Limited Ghaziabad
Term Loan
a) Secured by way of exclusive first charge on fixed assets of the company financed by the Bank.
b) Secured by first charge on all other fixed assets situated at Barkatpur Unit of the company on pari-passu basis and also guaranteed by Managing Director of the company.
Cash Credit Facility
For Khaikheri Unit
a) Secured by way of pledge of sugar stocks of Khaikheri Unit of the company.
b) Secured by way of residual charge on immovable and movable assets of the Khaikheri unit of the company.
For Shermau Unit
a) Secured by way of pledge of sugar stocks of Shermau Unit of the company.
b) Secured by way of residual charge on immovable and movable assets of the Shermau unit of the company.
4. Cash Credit facility from District Co-operative Bank Ltd. Muzzafarnagar
a) Secured by way of pledge of sugar stocks of Khaikheri Unit of the company.
b) Secured by way of residual charge on immovable and movable assets of the Khaikheri unit of the company.
5. Cash Credit facility from Uttarakhand State Co-Operative Bank Limited
a) Secured by way of pledge of sugar stocks of Libberheri Unit of the company.
b) Secured by way of residual charge on immovable and movable assets of the Libberheri unit of the Company.
c) Cash Credit (Hypothecation) facility is secured by way of Hypothecation of Molasses stock of Libberheri unit and residual charge on immovable and movable assets of the Libberheri unit of the Company.
6. IndusInd Bank Limited
a) Secured by way of exclusive charge of pledge of stocks as per the warehouse receipt.
b) Guaranteed by corporate guarantee of Uttam Adlakha & Sons Holdings Private Limited.
7. Cash Credit facility from Axis Bank Limited
Cash Credit facility from Axis Bank Limited is secured by Pledge of Warehouse Receipts and Storage Receipts.
8. Cash Credit facility from Yes Bank Limited
a) Secured by way of first Pari Passu Charge of Hypothecation on Current Assets (excluding inventory exclusively pledged/charge to other lender) both present and future.
b) Secured by way of subservient charge of Hypothecation on Movable Fixed Assets both present and future.
9. Terms & Condition of Unsecured Loan from Uttarakhand State Government
Financial Assistance from Uttarakhand State Government amounting to '656.68 lakhs and interest accrued & due thereon of '503.63 lakhs was repayable in three years in quarterly installments w.e.f. January 2008 however the same continues to be unpaid. (Refer Note No.37 c)
10. Vehicle loans
Vehicle loans from Banks are secured by way of hypothecation of vehicle financed by them.
(A) Terms & conditions of Preference Shares capital reclassified due to adoption of Ind AS as financial Liabilities, is as under:-
Series-1 6.50% Non-Cumulative Redeemable Preference Shares
1. Rate of dividend on these Preference shares is 6.50%.
2. The Preference shares are Non-Cumulative with reference to the dividend.
3. The Preference shares shall be redeemed on the call of the Company on or before 3151 March, 2026.
4. The Preference shareholders will have no voting rights except as provided in the Companies Act, 2013.
Series-2 10.00% Non-Cumulative Redeemable Preference Shares
1. Rate of dividend on these Preference shares is 10.00%.
2. The Preference shares are Non-Cumulative with reference to the dividend.
3. The Preference shares shall be redeemed on the call of the Company on or before 3151 March, 2026
4. The Preference shareholders will have no voting rights except as provided in the Companies Act, 2013.
(B) Financial Assistance from Uttarakhand State Government amounting to '656.68 lakhs and interest accrued & due thereon of '503.63 lakhs was repayable in three years in quarterly installments w.e.f. January 2008 however the same continues to be unpaid. An application for waiver off such loan is pending with the Government of Uttarakhand. (refer note no.37 c)
The company during the year based on management assessment has not accounted for interest amounting to '26.26 Lacs on unsecured loan received from the State Government of Uttarakhand, in view that no demand has been made by the State Government since January 2008 and the application in respect of waiver of outstanding loan and interest thereon is pending with the appropriate authority, it has been decided by the management not to provide further interest till the final outcome.
(C) There is no dues and outstanding to be created to Investors' Education and Protection Fund as on Balance Sheet date.
Note:- The amounts shown above represents the best possible estimates arrived at on the basis of available information. The uncertainties and possible reimbursements are dependent on the outcome of the different legal processes which have been invoked by the Company or the claimants as the case may be and therefore can not be predicted accurately or relate to a present obligations that arise from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimates can not be made. Company engages reputed professional advisors to protect its interests and has been advised that it has strong legal positions against such disputes.
b. All the Current assets, loans and advances, in the opinion of the Board, have a value on realization which in the ordinary course of business shall at least be equal to the amount at which it is stated in the balance sheet.
c. The Company has made an investment of the requisite amount for setting up new projects in the State of Uttar Pradesh in accordance with the UP Sugar Industry Promotion Policy, 2004 and has accordingly filed application for eligibility under the above policy. However, the State Government has later on terminated the Policy with effect from June 4, 2007. The Company had filed writ petition before Hon'ble Allahabad high court (Lucknow Bench) for enforcement of the scheme and settlement of incentive claims.
The writ petitions were allowed vide common Judgment dated 12.02.2019 of Hon'ble Allahabad High court (Lucknow Bench) that the petitioners are entitled for consideration of all the benefits in the form of exemptions/ remission/ reimbursements as per the Sugar Industry Promotion Policy - 2004 and various notifications issued thereunder from time to time for the entire period of the validity of the Policy. As per Hon'ble court, Since the matter has become quite old it will be appropriate that the cases may be examined and benefits may be given within a maximum period of two months from the date of order.
The State Government has challenged the order of the Hon'ble Allahabad High court (Lucknow Bench) in Supreme Court where their petition has been admitted, and now the matter is pending with Supreme Court. However, The Company have submitted the claim on 4th September 2020 with Cane Commissioner of Uttar Pradesh (Appropriate Authority) for an amount of '3847 lakhs as Capital Subsidy and for remission / exemption / reimbursement of taxes, duties and other charges aggregating of ' 5489 lakhs. The claim will be accounted for as and when it will be approved by the appropriate authority.
d. Investment Promotion and Facilitation Agency of Government of Uttar Pradesh (INVEST U.P.) had issued letter of comfort on 12.01.2020 for grant facilities / relief under Industrial Investment and Employment Promotion policy-2017 (IIEPP-2017) and in accordance to which Company has accounted for and submitted claim of ' 108.75 lakhs on 19.02.2021 with PICUP which includes interest subsidy of ' 92.69 lakhs and ' 16.06 lakhs for GST/VAT refund. The matter is under process with INVEST U.P. for final disposal.
e. The Company has expanded capacity from 150 KLPD to 250 KLPD at plant situated at Village Barakatpur. Letter of comfort has been issued on 29.10.2024 under Industrial Investment and Employment Promotion policy-2022 (IIEPP-2022). Application of claim for capital subsidy of ' 500 lakhs filed on 18.02.2025, amount will be received
in 10 years in equal instalments. Since the matter is under process with INVEST U.P. for final disposal, therefore subsidy is not accounted for in books of accounts.
f. The Company is eligible for sugar export quota for 12815 MT as letter no. 1 (1) /2025-SP dated 20.01.2025 received from, Government of India Ministry of Consumer affairs, Food & Public Distribution, Department of Food & Public Distribution. Out of above company entered in agreement to swap the quota 11000 MT with domestic quota for '584 lakhs, which has been included in note no. 25 i.e. Other operating income and the company is under obligation to export the remaining 1815 MT by 30.09.2025.
g. The Company has entered into an agreement on 27th February, 2024 viz. Share Subscription Cum Transfer Agreement (SSTA) as amended vide supplementary Agreement dated 14th February, 2025 with Uttamenergy Limited (UEL) and Uttam Distilleries Ltd. (UDL). As per the SSTA the Company will acquire majority stake through two-tranche first by way of subscription of its Equity Shares and second by way of transfer of share presently held by UEL which will be acquired either by USML or its promoter/Associate company. Accordingly, company up to 31.03.2025 had completed first tranche by way of subscription ' 2908 Lakhs in equity shares of UDL and Consequently, Company has become the holding company of UDL effective from 30th July, 2024.
The investment and acquisition process (i.e., the second tranche) will be completed on or before 31.10.2025. Uttam Distilleries Ltd. (UDL) has set up a 40 KLPD Ethanol / ENA distillery plant based on all types Grains in Bahadrabad, Roorkee Distt. Haridwar, under Interest Subvention scheme, a flagship program of the Govt. of India and this acquisition will give business synergy to our company as it's already in the business of Ethanol / ENA production.
h. The code on Social security, 2020 (code) relating to employee benefits during employment and post-employment benefits received Presidential Assent in September, 2020. The code has been published in the Gazette of India. The code would impact the contributions by the Company towards provident fund and Gratuity. However, the date on which code will come into effect has not been notified. The Company will complete its evaluation and will give appropriate impact in the financial statements in the period in which, the code becomes effective and the related rules to determine the financial impact are published.
i. Regulatory fee @ '20 per quintal of molasses sales / inter-unit transfers imposed by the State Government of Uttar Pradesh w.e.f. 24th December, 2021 has been accounted for under protest as the company has challenged the same and the matter is pending with Hon'ble Allahabad High Court.
j. Uttar Pradesh Electricity Regulatory Commission vide notification dated 25th July, 2019 reduced the power purchase rates of bagasse-based power plants w.e.f. 1st April, 2019 and revenue in this respect has accordingly been recognized at such reduced rates. The Uttar Pradesh Cogen Association has filed a writ petition, challenging the reduction in power rates before Hon'ble High Court at Allahabad which has been admitted.
k. a. The Board of Directors has proposed a dividend on 6.50% Redeemable Preference shares and on 10%
Redeemable Preference shares and '2.50 per equity share of '10/- each, for the year ended 31st March, 2025, which are subject to approval of Shareholders at the ensuing Annual General Meeting of the Company. b. During the year the Board of Directors has distributed a dividend for the year ended 31.03.2024 on 6.50% Redeemable Preference shares and on 10% Redeemable Preference shares aggregating of '108.27 Lakhs (Previous year '154.88 lakhs) and '2.50/- (Previous year '2.50/-) per equity share of '10/- each of '953.45 lakhs (Previous Year '953.45 Lakhs), after approval of Shareholders at the Annual General Meeting of the Company. Total cash outflow is '1059.62 lakhs (Previous Year '1103.16 Lakhs). Unpaid dividend as on date of Balance Sheet is '12.12 lakhs (Previous year '10.02 lakhs). (Refer Note No. 10 & 17)
l. Lease
a. The Company's lease assets primarily consist of office space having the lease terms. The Company also has certain leases of with lease terms of 12 months or less. Such lease applies the 'short term lease' recognition exemptions for those leases.
m. In terms of Ind AS 36 on impairment of assets, there was no impairment indicators exist as of reporting date as per the internal management estimates done and hence no impairment charge is recognized during the year under review.
n. During the financial year borrowing cost of ' NIL (Previous Year ' 298.84 lakhs) has been debited to Property, Plant & Equipment.
p. Segment Information:
The Managing director has been identified as the Company's Chief Operating Decision -Maker (CODM) as defined by IND AS- 108 Operating Segments. The Chief Operational Decision Maker monitors the operating results of its business Segments separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on profit or loss and is measured consistently with profit or loss in the financial statements.
Inter-segment revenues are eliminated upon consolidation and reflected in the Inter segment head. Finance income and costs, and fair value gains and losses on financial assets are not allocated to individual segments as the underlying instruments are managed at corporate level.
Current taxes, deferred taxes and certain financial assets and liabilities are not allocated to those segments as they are also managed at corporate level.
Transactions between segments are primarily transferred at estimated market prices. Common costs are apportioned on a reasonable basis.
Geographical Location:- The geographical segments have been considered for disclosure as the secondary segment, under which the domestic segment includes sales to customers located in India and overseas segment includes sales to customer located outside India and through merchant exporters.
q. The details of performance obligation in terms of Ind AS 115 - Revenue from contracts with customers are as follows:
Sugar:- The Sugar segment of the Company principally generates revenue from manufacturing and sale of sugar and its by-products and power. Domestic sales of sugar is made on ex-factory/delivery basis in terms agreed to wholesaler /institutional buyers/merchant exporters within the country. Domestic sugar sales are majorly done on advance payment terms. Export sales of sugar to merchant exporters are done on ex-factory /delivered basis in terms of the agreement and revenue is recognized when the goods have been shipped to / delivered to the buyers' specific location. The sale price and payment terms is fixed as per contracted terms.
Power is supplied to distribution companies from the Company's facilities in accordance with the sale price, payment terms and other conditions as per the Power Purchase Agreements ("PPA").
Bagasse are sold generally on advance payment terms on ex-factory basis as per the terms of the agreement and revenue is recognized when the goods have been shipped to / delivered to the buyer.
The distillery segment of the Company principally generates revenue from sale of industrial alcohol which mainly constitutes ethanol sold under contracts with Public and Private Oil Marketing Companies and other products to institutional buyers.
For sale of Ethanol, sale price is pre-determined based on Expression of Interest /Tender floated from Oil Marketing Companies. The prices are on delivered cost basis at Oil Marketing Companies locations inclusive of all duties/levies/taxes/charges etc. Payment terms is within 21 days after delivery of material and submission of original invoices.
Rectified Spirit, Extra Neutral Alcohol (ENA), etc. are sold on bulk basis to institutional buyers on ex-factory basis as per agreed terms. Revenue is recognized when goods have been shipped to the buyers' specific location as per agreed terms. The payment terms are fixed as per Company's policy which are generally on advance payment basis.
Other products like Carbon di oxide (Co2) and potash being sold to the Institutional buyers.
The Company has made provision for gratuity and leave encashment in the nature of defined benefit obligation on the basis of actuarial valuation as per Ind AS 19. Since the liability has not been funded through a trust or insurer, there are no plan assets.
Defined benefits obligations:
Gratuity
The gratuity plan is governed by the payment of Gratuity Act 1972, under the said Act an employee who has completed five years of service is entitled to specific benefit. The gratuity plan provides a lump sum payment to employees at retirement, death, incapacitation or termination of employment. The level of benefits provided depends on the member's length of service and salary at retirement age. Liability for gratuity is determined on actuarial basis using projected unit credit method.
Leave Encashment
The employees of the Company are entitled to compensated absences that are both accumulating and nonaccumulating in nature. The expected cost of accumulating compensated absences is determined by actuarial valuation using the projected unit credit method for the unused entitlement accumulated at the balance sheet date.
Note No. 35 : Financial Risk Framework
The Company's financial liabilities comprise borrowings, capital creditors and trade and other payables. The main purpose of these financial liabilities is to finance the Company's operations. The Company's financial assets include Loans, trade and other receivables, cash and cash equivalents.
The Company is exposed to market risk, credit risk and liquidity risk.
The Company's senior management overseas the management of these risks. The Company's senior management provides assurance that the company's financial risks activities are governed by appropriate policies and risk objectives. The Board of Directors reviews and agrees policies for managing each of these risks, which are summarized below:
A. Market risk
Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market price. Market risk comprises three types of risk interest rate risk, currency risk and other risks, such as regulatory risk and commodity price risk.
ii) Foreign currency risk
Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates, the company's exposure to the risk of changes in foreign exchange rates relates primarily to the Direct exports made by the company which are made during the year however same is very negligible as compare to total turnover.
Sensitivity
1% increase or decrease in foreign exchange rates will have no material impact on profit.
iii) Other risk
a) Regulatory risk
Sugar industry is regulated both by central government as well as by the state government, Central and state governments policies and factors such as State Advised Price (SAP) and fair and Remunerative Price (FRP) of sugar cane affects the sugar industry and the company's operations and profitability. Distillery business is also dependent on the Government policy as the price of ethanol decided by the Government. Similarly sugar prices are also effected by the Government Policies like restriction on sale, import of sugar by way of allocation of monthly Quota, export of sugar and import duty / export duty determination of sugar and MSP of sugar.
The regulatory risks listed above are Government policy driven and are beyond the control of the company and can't be alleviated unless the industry is decontrolled. Various representation through the body of industry like ISMA, UPSMA and UPDA submitted to Government to come out solutions regarding above risks.
Power business is also dependent on the regulations prescribed by Central/State regulatory commissions. They fix power purchase rates and other guide lines for supply based on cost of bagasse and other inputs.
b) Commodity price risk
Sugar Prices in domestic and international markets depends primarily on the supply and demand situation. Fluctuation in demand and supply arise on account of the change in the availability and price of sugar variation in the production capacity of the competitor's availability of substitutes for the sugar products and international demand and supply position. The company has mitigated this
risk by adding more value added products by diversifying into co- generation and distillation, thereby utilizing the by- products. Similarly, in sugar product also the company's products are diversifying in specialty sugar segments like brown sugar, sachet, pharma sugar, icing sugar, liquid sugar etc.
B. Credit Risk
Credit risk is the risk that counter party will default on its obligations under a Contractual arrangement leading to a financial loss. The company's sugar sales are mostly on advance payment basis. Power and ethanol are sold to state government companies and petroleum companies; thereby the credit default risk is significantly mitigated. Company has also taken advances and security deposits from its customers / agents, which mitigate the credit risk to an extent Financial assets are written off when there is no reasonable expectation of recovery, however, the company continues to attempt to recover the receivables. Where recoveries are made, these are recognized in the statement of profit and loss.
Balances with Banks - Other Financial Assets
Credit risk from balances with banks is managed in accordance with Company's policy. Company considers factors such as track record, size of the institution, market reputation and service standards to select the banks with which term deposits are maintained. Generally, term deposits are maintained with banks with which Company has also availed borrowings.
The Company's maximum exposure to credit risk for the components of the balance sheet as at 31st March, 2025 and 31st March, 2024 is the carrying amounts as stated under Note No. 10
C. Liquidity risk
i. Liquidity Risk Management
Liquidity risk is the risk that a company may encounter difficulties in meeting its obligations associated with financial liabilities that are settled by delivering cash or other financial assets. The Company's objective is to maintain optimum levels of liquidity to meet its cash and its collateral requirements. The company's Management is responsible for liquidity funding as well as settlement. Management monitors the company's net liquidity position through rolling forecast on the basis of expected cash flows.
ii. Maturities of financial liabilities
The table below provides undiscounted cash flows towards financial liabilities into relevant maturity based on the remaining period at the balance sheet to the contractual maturity date.
Note No. 36 : Capital Management a) Risk Management
For the purpose of the Company's capital management, capital includes issued equity capital, securities premium and all other equity reserves attributable to the equity shareholder of the Company. The Primary objective of capital management is to maximize shareholder value and also to maintain an optimum capital structure and to safeguard its ability to continue at a going concern.
The Company's Capital management objectives are to maintain equity including all reserve to protect economic viability and to finance any growth opportunities that may be available in future so as to maximize shareholder value.
The Company manages its capital structure and makes adjustments in the amount of dividends return on capital to shareholders issue new shares or sell assets to reduce debts.
b) Loan Covenants:
In order to achieve this overall objective, the Company's capital management, amongst other things, aims to ensure that it meets financial covenants attached to the interest bearing loans and borrowing that define capital structure requirements. The company has compiled with these covenants and there have been no breaches in the financial covenants of any interest - bearing loans and borrowings.
No changes were made in the objectives, policies or processes for managing capital during the year ended 31st March 2025 and 31st March, 2024.
Note No. 37: Other disclosures
a. The Company has utilized the borrowings from banks for the specific purpose for which they were taken from banks.
b. The Company has during the year sanctioned working capital limits in excess of ' 5 crore, in aggregate, from banks on the basis of pledge of sugar stocks, the quarterly returns or statement filed by the company they are in agreement to books of account except value of inventory of pledged sugar provided to bank which is valued in accordance with terms and condition of sanction letter at average Net realizable value whereas in the books of account same has been in considered at lower of Cost or Net realizable value in accordance with the Indian Accounting Standard.
g. The Company is in compliance with the relevant provisions of the Companies Act,2013 with respect to the number of layers prescribed under clause (87) of section 2 of the Companies Act, 2013 read with the Companies (Restriction on number of layers) Rules, 2017.
h. The Company has not traded or invested in any crypto currency or virtual currency during the year and previous year.
i. The Company have not advanced or loaned or invested funds to any other person(s) or entity (ies), including foreign entities (intermediaries) with the understanding that the intermediary shall:- directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the Company (ultimate beneficiaries) or
- Provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.
j. The Company have not received any fund from any other person(s) or entity (ies), including foreign entities (funding party) with the understanding (whether recorded in writing or otherwise) that the group shall: -
- directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the funding party (ultimate beneficiaries) or
- Provide any guarantees, security or the like on behalf of the ultimate beneficiaries.
k. The Company does not have any transaction not recorded on books of accounts that has been surrendered or disclosed as income during the year and previous year in the tax assessments under the income Tax Act,1961.
l. Key Financial Ratios is as under:-
The company based on management assessment has decided after considering the fact and circumstances that no demand in respect of the outstanding loan and interest thereon has been raised by the State Government since January, 2008 and the application in respect of waiver of loan and interest is pending with the appropriate authority, not account for the interest for the year amounting to '26.26 Lacs on unsecured loan received from the State Government of Uttarakhand till the final outcome.
d. The Company has not been declared willful defaulter by bank or financial institution or any other lender.
e. The company does not have any transactions or balances with the companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956 during the year and previous year.
f. During the year, there are no instances of any registration, modification or satisfaction of charges which are pending for registration with Registrar of Companies beyond the statutory period.
Note:- Fair Value hierarchy
The fair value of the financial assets and financial liabilities are included at the amount at which the instrument could not be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.
Fair value of cash and cash equivalents, bank balances other than cash and cash equivalents, trade and other receivables, loans and other current financial assets, short term borrowings from banks and financial institutions, trade and other payables and other current financial liabilities approximate their carrying amounts due to the short term maturities of these instruments.
Note No. 39 :
The previous year figures have been reworked, regrouped, rearranged and reclassified wherever necessary. The figures are rounded off to nearest rupee in lakhs up to two decimals.
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