p PROVSIONS
Provisions are recognised when the Company has
a present obligation (legal or constructive) as a
result of a past event, it is probable that an outflow
of resources embodying economic benefits will be
required to settle the obligation and a reliable estimate
can be made of the amount of the obligation. When
the Company expects some or all of a provision to be
reimbursed, for example, under an insurance contract,
the reimbursement is recognised as a separate asset,
but only when the reimbursement is virtually certain.
The expense relating to a provision is presented in the
Statement of profit and loss net of any reimbursement.
If the effect of the time value of money is material,
provisions are discounted using a current pre-tax rate
that reflects, when appropriate, the risks specific to
the liability. When discounting is used, the increase in
the provision due to the passage of time is recognised
as a finance cost. Provisions are reviewed at each
balance sheet and adjusted to reflect the current best
estimates.If it is no longer probable that the outflow of
resources would be required to settle the obligation,
the provision is reversed.
q CONTINGENT LIABILITIES, CONTINGENT ASSETS
AND COMMITMENTS
A contingent liability is a possible obligation that arises
from past events whose existence will be confirmed
by the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control
of the Company or a present obligation that is not
recognised because it is not probable that an outflow
of resources will be required to settle the obligation. A
contingent liability also arises in extremely rare cases
where there is a liability that cannot be recognised
because it cannot be measured reliably. The Company
does not recognize a contingent liability but discloses
its existence in the financial Statements.
A contingent asset is not recognised unless it
becomes virtually certain that an inflow of economic
benefits will arise. When an inflow of benefits
is probable, contingent asset is disclosed in the
financial Statements.
Commitments include the amount of purchase order
(net of advances) issued to parties for completion of
assets and Non-cancellable operating lease.
Contingent liabilities, contingent assets and
commitments are reviewed at each balance sheet date.
r SEGMENT REPORTING
Based on "Management Approach” as defined in Ind
AS 108 - Operating Segments, the Chief Operating
Decision Maker evaluates the Company’s performance
and allocate the resources based on an analysis
of various performance indicators by business
segments. The Company’s chief operating decision
maker is the Managing Director of the Company.
The Company prepares its segment information in
conformity with the accounting policies adopted for
preparing and presenting the financial Statements of
the Company as a whole.
s CASH AND CASH EQUIVALENTS
Cash and cash equivalents in the balance sheet
comprise cash at banks and on hand and short-term
deposits with an original maturity of three months
or less, which are subject to an insignificant risk of
changes in value.
For the purpose of the cash flows Statement, cash
and cash equivalents consist of cash and short-term
deposits, as defined above, net of outstanding bank
overdrafts as they are considered an integral part of
the Company’s cash management.
t Assets Held for Sale
Non-current assets or disposal groups comprising of
assets and liabilities are classified as 'held for sale’
when all the following criteria are met: (i) decision
has been made to sell, (ii) the assets are available
for immediate sale in its present condition, (iii) the
assets are being actively marketed and (iv) sale has
been agreed or is expected to be concluded within 12
months of the Balance Sheet date.
Subsequently, such non-current assets and disposal
groups classified as 'held for sale’ are measured
at the lower of its carrying value and fair value less
costs to sell. Non-current assets held for sale are not
depreciated or amortised.
u POLICY FOR STATEMENT OF CASH FLOWS
The Company’s Statement of cash flows are prepared
using the Indirect method, whereby profit/ loss for the
period is adjusted for the effects of transactions of a
non-cash nature, any deferrals or accruals of past or
future operating cash receipts or payments and item
of income or expenses associated with investing or
financing cash flows. The cash flows from operating,
investing and financing activities of the Company
are segregated.
Cash and cash equivalents comprise cash and bank
balances and short-term fixed bank deposits that are
subject to an insignificant risk of changes in value.
"The amendment to Ind AS 7 requires the entities
to provide disclosures that enable users of financial
Statements to evaluate changes in liabilities arising
from financing activities, including both changes
arising from cash flows and non-cash changes,
suggesting inclusion of a reconciliation between the
opening and closing balances in the balance sheet for
liabilities arising from financing activities, to meet the
disclosure requirement.
v Changes in MATERIAL ACCOUNTING POLICIES
"The Company adopted disclosure of accounting
policies (amendments to IND As 1) from 1 April
2023. Although the amendments did not result in any
changes in the accounting policies themselves, they
impacted the accounting policy information disclosed
in the financial statements.
The amendments require the disclosure of 'material’
rather than 'significant’ accounting policies. The
amendments also provides guidance on the
application of materiality to disclosure of accounting
policies, assisting entities to provide useful, entity-
specific accounting policy information that users
need to understand other information in the
financial statements.
w Recent accounting pronouncements
Ministry of Corporate Affairs ("MCA”) notifies new
standards or amendments to the existing standards
under Companies (Indian Accounting Standards)
Rules as issued from time to time. For the year
ended March 31, 2025, MCA has not notified any new
standards or amendments to the existing standards
applicable to the Company.
x Corporate Social Responsibility (“CSR”) expenditure
CSR expenditure incurred by the Company is charged
to the Standalone Statement of Profit and Loss.
.4 SIGNIFICANT ACCOUNTING JUDGEMENTS,
ESTIMATES AND ASSUMPTIONS
The preparation of standalone financial Statements in
conformity with Ind AS requires management to make
judgements, estimates and assumptions that affect
reported amounts of revenue, expenses, assets and
liabilities and the disclosures of contingent assets and
liabilities as at the date of the financial Statements and the
results of operations during the reported period. Although
these estimates are based upon management’s best
knowledge of current events and actions, actual results
could differ from these estimates.
Judgements:
Fair value measurement of financial instruments
When the fair value of financial assets and liabilities
recorded in the balance sheet cannot be measured based or
quoted prices in active markets, their fair value is measurec
using valuation techniques including the discounted cash
flow model. The inputs to these models are taken from
observable markets where possible, but where this is noi
feasible, a degree of judgement is required in establishing
fair values. Judgements includes considerations of inputs
such as liquidity risk, credit risk and volatility. Changes m
assumptions about these factors could affect the reported
fair value of financial instruments.
Assumptions & Estimates
Sales returns
Revenue from sale of products is recognised when
significant risks and rewards of ownership are transferred
to customers, which coincides with dispatch of goods to
customers. However, the Company needs to accept goods
returned from its customers towards expiry, breakages and
damages. Accordingly, the Company has made provision
based on the historical sales return trends with respect to
the shelf life of various products.
Impairment of financial assets
The Company recognises loss allowances on financia
assets using expected credit loss model which is equa
to the 12 months expected credit losses or full time
expected credit losses.
The Company follows 'Simplified approach’ for recognition
of loss allowance on trade receivables under which
Company does not track changes in credit risk. Rather, i
recognises loss allowance based on lifetime expected
credit losses at each reporting date, right from its
initial recognition.
The Company uses a provision matrix to determine
impairment loss allowance on the portfolio of trade
receivables. The provision matrix is based on its historically
observed default rates over the expected life of the trade
receivables and is adjusted for forward looking estimates
At every reporting date, the historical observed defaul
rates are updated and changes in the forward looking
estimates are analysed.
Impairment of non financial assets
The Company assesses at each balance sheet date
whether there is any indication that an asset or a group
of assets (cash generating unit) may be impaired. II
any such indication exists, the Company estimates the
recoverable amount of the asset or cash generating unit
The recoverable amount is the greater of the asset’s net
selling price and value in use. In assessing value in use, the
estimated future cash flows are discounted to the present
value using a pre-tax discount rate that reflects current
market assessments of the time value of money and
the risks specific to the asset. In determining net selling
price, recent market transactions are taken into account,
if available. If no such transactions can be identified, an
appropriate valuation model is used. If such recoverable
amount of the asset or the recoverable amount of the
cash-generating unit to which the asset belongs is less
than its carrying amount, the carrying amount is reduced
to its recoverable amount. The reduction is treated as an
impairment loss and is recognised in the Statement of
Profit and Loss. If at the balance sheet date there is an
indication that a previously assessed impairment loss no
longer exists, the recoverable amount is reassessed and
the asset is reflected at the recoverable amount subject
to a maximum of depreciable historical cost, had no
impairment been recognised.
Defined benefit plans (gratuity benefits)
The cost of the defined benefit plan and other post¬
employment benefits and the present value of such
obligation are determined using actuarial valuations. An
actuarial valuation involves making various assumptions
that may differ from actual developments in the future.
These include determination of the discount rate, future
salary increases, mortality rates and attrition rate. Due
to the complexities involved in the valuation and its long
term nature, a defined benefit obligation is highly sensitive
to changes in these assumptions. All assumptions are
reviewed at each reporting date.
Assumptions & Estimates
Useful life of property, plant and equipment and other
intangible assets
As described in Note 1.3 (c and d), the Company reviews
the estimated useful lives and residual values of property,
plant and equipment and other intangible assets at the end
of each reporting period. During the current financial year,
the management has reassessed the useful lives of certain
property, plant and equipment and other intangible assets
and the impact of the change is not material for the year.
There were no changes in residual values of the property,
plant and equipment and other intangible assets.
Taxes
There are many transactions and calculations undertaken
during the ordinary course of business for which the
ultimate tax determination is uncertain. Where the final tax
outcome of these matters is different from the amounts
initially recorded, such differences will impact the current
and deferred tax provisions in the period in which the tax
determination is made. Deferred tax assets are recognised
only to the extent that it is probable that future taxable
profits will be available against which the assets can be
utilised. The assessment of probability involves estimation
of a number of factors including future taxable income.
Provision against obsolete and slow-moving inventories
The Company reviews the condition of its inventories
and makes provision against obsolete and slow-moving
inventory items which are identified as no longer suitable
for sale or use. Company estimates the net realisable value
for such inventories based on the latest invoice prices and
current market conditions. The Company carries out an
inventory review at each balance sheet date and makes
provision against obsolete and slow-moving items. The
provision against obsolete and slow-moving inventories
requires the use of judgments and estimates. Where the
expectation is different from the original estimate, such
difference will impact on the carrying value of inventories
and the write-down of inventories recognised in the periods
in which such estimates have been changed.
The Company reassesses the estimation on each balance
sheet date. When the circumstances that previously caused
inventories to be written down below cost no longer exist or
when there is clear evidence of an increase in net realisable
value because of changed economic circumstances, the
amount so written-down is adjusted in terms of policy
as stated above.
(a) There are no trade or other receivables which are due from directors or other officers of the Company either severally or jointly
with any other person or from firms or private companies respectively in which any director is a partner, a director or a member.
(b) For terms and conditions relating to related party receivables, refer note 46.
(c) Trade receivables are usually non-interest bearing and are generally on credit terms upto 120 days.The Company's term includes
charging of interest for delayed payment beyond agreed credit days. Company charges interest for delayed payments in certain
cases depending on factors, such as, market conditions and past realisation trend.
(d) For explanations on the Company's credit risk management processes, refer note 38.
(e) The Company follows life time expected credit loss model. accordingly, deterioration in credit risk is not required to be
evaluated annually.
(f) Refer note 39 for accounting policies on financial instruments.
(g) There are no unbilled receivables, hence the same is not disclosed in the ageing schedule as below.
(h) Trade receivables ageing schedule Current.
* The Company has recorded for impairment of loan given to Fair Deal Corporation Pharmaceuticals SA (Pty) Ltd as H Nil for the year ended 31st March, 2025 (H
Nil for the previous year)
There are no trade or other receivables which are due from directors or other officers of the Company either severally or jointly with
any other person or from firms or private companies respectively in which any director is a partner, a director or a member.
The Company has complied with the provision section 2(87) of the Companies Act, 2013 read with the Companies (Restriction on
number of Layers) Rules, 2017.
The Company has not entered with any Scheme(s) of arrangement in terms of sections 230 to 237 of the Companies Act, 2013.
No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of
funds) by the Company to or in any other person(s) or entity(ies), including foreign entities ("Intermediaries”) with the understanding,
whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company
(Ultimate Beneficiaries). The Company has not received any fund from any party(s) (Funding Party) with the understanding that the
Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company
("Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
(b) Terms/rights attached to equity shares
The Company has one class of equity shares having a par value of Re.1 per share. Each holder of equity shares is entitled to one
vote per share. The Company declares and pays dividend in Indian Rupees. The final dividend proposed by the Board of Directors
is subject to the approval of the shareholders in the ensuing Annual General Meeting.
During the year ended 31st March 2025, the amount of interim dividend paid as distribution to equity shareholders is H 5 per
share (Previous year - H Nil per share).
The Company had cancelled 31,45,000 forfeited equity shares of H0.25/- each containing total amount of H 7.86 lakhs of forfeited
equity shares and the same was approved by shareholders in the annual general meeting held on September 27, 2019 by way
of ordinary resolution. The forfeited capital amount has been transferred to Capital reserve as per the applicable provisions of
Companies Act, 2013.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the
Company. The distribution will be in proportion to the number of equity shares held by the shareholders.
The Board of Directors, at its meeting held on August 09, 2023 had approved a proposal of the Company to buy-back 31,00,000
fully paid-up equity shares of face value of Re. 1 each from the eligible equity shareholders of the Company who have validly
tendered their shares. The buy-back was offered to all eligible equity shareholders of the Company on proportionate basis
through the "Tender offer” route in accordance with SEBI (Buy-back of Securities) Regulations, 2018. The Buyback of equity
shares through the stock exchange commenced on August 31, 2023 and was completed on September 13, 2023 and the
Company bought back and extinguished a total of 31,00,000 equity shares at a price of H 500 per equity share, comprising of
1.87% of pre-buyback paid up equity share capital of the Company. The buyback resulted in a cash outflow of H 15,500 lakhs
(excluding transaction cost). The Company funded the Buyback from its General reserve. In accordance with Section 69 of
the Companies Act, 2013, as at results approved for the period ended September 30, 2023, the Company has credited 'Capital
Redemption Reserve’ with an amount of H 31 lakhs, being amount equivalent to the nominal value of the Equity Shares bought
back as an appropriation from General Reserve.
The Board of Directors, at its meeting held on February 09, 2022 had approved a proposal of the Company to buy-back 29,00,000
fully paid-up equity shares of face value of Re. 1 each from the eligible equity shareholders of the Company who have validly
tendered their shares. The buy-back was offered to all eligible equity shareholders of the Company on proportionate basis
through the "Tender offer” route in accordance with SEBI (Buy-back of Securities) Regulations, 2018. The Buyback of equity
shares through the stock exchange commenced on April 12, 2022 and was completed on April 27, 2022 and the Company
bought back and extinguished a total of 29,00,000 equity shares at a price of H 475 per equity share, comprising of 1.72% of
pre-buyback paid up equity share capital of the Company. The buyback resulted in a cash outflow of H 13,775 lakhs (excluding
transaction cost). The Company funded the Buyback from its General reserve. In accordance with Section 69 of the Companies
Act, 2013, as at results approved for the period ended June 30, 2022, the Company has credited 'Capital Redemption Reserve’
with an amount of H 29 lakhs, being amount equivalent to the nominal value of the Equity Shares bought back as an appropriation
from General Reserve.
Nature and purpose of Reserves
(a) Capital redemption reserve
As per Companies Act, 2013, Capital redemption reserve is created when Company purchases its own shares out of free reserves
or securities premium. A sum equal to the nominal value of the shares so purchased is transferred to capital redemption reserve.
(b) Capital reserve
As per Companies Act, 2013, Capital reserve is created when Company cancelled its own shares.
(c) General reserve
The General reserve is used from time to time to transfer profits from retained earnings for appropriation purposes. As the General
reserve is created by the transfer from one component of equity to another and is not item of other comprehensive income.
(d) Retained earnings
Retained earnings are the profits/ (losses) that the Company has earned till date, less any transfer to general reserve, dividends
or other distribution paid to shareholders. Retained earnings includes re-measurement loss / (gain) on defined benefit plans, net
of taxes that will not be reclassified to statement of profit and loss. Retained earnings is a free reserve available to the Company.
(e) Other comprehensive income
The Company has elected to recognise changes in the fair value of investments in equity instruments in other comprehensive
income. These changes are accumulated within the FVTOCI equity investments within equity. The balance in other comprehensive
income is transferred to retained earnings on disposal of the investment.
Risk Management is an integral part of the Company’s plans and operations. While the Company has a proven ability to successfully
take on challenges, the efforts are to become even more proactive in recognising and managing risks, through an organized framework.
The Company recognises risk management as an integral component of good corporate governance and fundamental in achieving
it’s strategic and operational objectives.
The Company, through its Board of Directors, has constituted a Risk Management Committee, consisting of majority of Board
members. The Board has defined the roles and responsibilities of the Risk Management Committee and may delegate monitoring
and reviewing of the Risk Management plan, to the Committee, and such other functions as it may deem fit.
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
prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk, such as equity price risk.
Financial instruments affected by market risk include deposits, FVTOCI investments and FVTPL investments.
The Company has designed risk management framework to control various risks effectively to achieve the business objectives. This
includes identification of risk, its assessment, control and monitoring at timely intervals.
a Interest rate risk :
Interest rate risk is the loss of fair value of future earnings of financial instruments because of changes in market interest rates.
Investment committee manages and constantly reviews the interest rate movements in the market in order to optimise the
Company's interest income. The Company does not have any exposure to floating rate financial instruments.
b Foreign Currency Risk :
Foreign currency risk is the loss of fair value of future earnings of financial instruments because of changes in foreign exchange
rates. The Company’s exposure to the risk of changes in foreign exchange rates relates primarily to the Company’s operating
activities (when revenue or expense is denominated in a foreign currency).
c Equity price risk
Equity Price Risk is related to the change in market reference price of the investments in equity securities. The fair value of some
of the Company’s investments measured at fair value through other comprehensive income exposes the Company to equity
price risks. These investments are subject to changes in the market price of securities. The fair value of Company’s investment
in quoted equity securities as of March 31,2025 and 2024 was H 801.00 lakhs and H 757.50 lakhs, respectively. A 10% change in
equity price as of March 31, 2025 and 2024 would result in a pre- tax impact of H 80.10 lakhs and H 75.75 lakhs, respectively.
Foreign currency sensitivity
The following table demonstrate the sensitivity to a reasonably possible change in USD rate, with all other variables held
constant. The impact on the Company’s profit before tax is due to changes in the fair value of monetary assets and liabilities. The
Company’s exposure to foreign currency changes for all other currencies is not material.
Credit Risk :
Credit risk is the risk of possible default by the counter party resulting in a financial loss. The Company manages its credit
risk through various internal policies and procedure set forth for effective control over credit exposure. Major credit risk at the
reporting date is from trade receivables. Trade receivables are managed by way of setting various parameters like credit limit,
evaluation of financial condition before supply, supply terms, industry trends, ageing analysis.Concentration of credit risk with
respect to trade receivables are limited, due to the Company’s customer base being large and diverse. All trade receivables are
reviewed and assessed for default on a quarterly basis. Our historical experience of collecting receivables indicate a low credit
risk. Hence, trade receivables are considered to be a single class of financial assets.
The Company maintains exposure in cash and cash equivalents, term deposits with banks, investments in equity instruments,
money market liquid mutual funds, Bonds and Non-Convertiable debentures with financial institutions. The Company has set
counterparty limits based on multiple factors including financial position, credit rating, etc.
The Company’s maximum exposure to credit risk as at 31st March, 2025 and 31st March, 2024 is the carrying value of each
class of financial asset.
Liquidity Risk:
Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company's
approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities
when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the
Company's reputation.
The Company manages liquidity risk by maintaining adequate reserves, by continuously monitoring forecast and actual cash
flows and matching the maturity profiles of the financial assets and liabilities.
The management assessed that cash and cash equivalents, trade receivables, loans, trade payables, other financial assets and other
financial liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.
The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current
transaction between willing parties, other than in a forced or liquidation sale. The following methods and assumptions were used to
estimate the fair values:
The fair values of quoted equity instruments are derived from quoted market prices in active markets.
Reconciliation of fair value measurement of equity shares classified as FVTOCI assets:
Fair Value hierarchy
Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or
indirectly observable.
Level 3 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or
indirectly unobservable.
The following table represents the fair value hierarchy of Financial assets measured at fair value as on 31 st March 2025 :
40. Capital Management
Capital includes equity attributable to the equity holders to ensure that it maintains an efficient capital structure and healthy capital
ratios in order to support its business and maximise shareholder value. The Company manages its capital structure and makes
adjustments to it, in light of changes in economic conditions or its business requirements. To maintain or adjust the capital structure,
the Company may adjust the dividend payment to shareholders, return capital to shareholders (buy-back of shares) or issue new
shares. No changes were made in the objectives, policies or processes during the year ended 31st March 2025 and 31st March 2024.
The Company maintains a strong capital base and the primary objective of Company’s capital management is to maximise the
shareholder value.
The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. Net debt is calculated
as loans and borrowings less cash and cash equivalents. Based on this, Company is a debt free Company and would like to
remain debt free.
The Company does not have any interest bearing loans and borrowings in the current year as well as previous year.
43. The Code on Social Security, 2020
The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the Company towards
Provident Fund and Gratuity. The effective date from which the changes are applicable is yet to be notified and the rules for quantifying
the financial impact are yet to be framed. The Company is in the process of carrying out the 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.
44. Disclosure of Employee benefits:
As per Ind AS 19 -"Employee Benefits”, the disclosures as required by the Accounting Standard are given below :
Defined Contribution Plan
Contribution to Defined Contribution Plans are recognised as an expense for the year under Contribution to provident and other funds
(Refer Note 32) as under:-
Defined Benefit Plan
The employees' gratuity fund scheme managed by trust is a defined benefit plan. The present value of obligation is determined based
on actuarial valuation using the Projected Unit Credit Method, which recognises each period of service as giving rise to additional unit
of employee benefit entitlement and measures each unit separately to build up the final obligation.
The Company irrevocably contributes funds to a separate Gratuity Trust which is recognised by Income Tax authorities.
X. A quantitative sensitivity analysis for significant assumption as at 31 March 2025 is as shown below:
The sensitivity analysis have been determined based on reasonably possible changes of the respective assumptions
occurring at the end of the reporting period, while holding all other assumptions constant.
The sensitivity analysis presented below may not be representative of the actual change in the Defined Benefit Obligation
as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions
may be correlated.
Furthermore, in presenting the above sensitivity analysis, the present value of the Defined Benefit Obligation has beer
calculated using the projected unit credit method at the end of the reporting period, which is the same method as appliec
in calculating the Defined Benefit Obligation as recognised in the balance sheet.
There were no change in the methods and assumptions used in preparing the sensitivity analysis from prior years.
XI. Salary Escalation Rate
The estimates of future supply increase considered in actuarial valuation is taken on account of inflation, seniority, promotion
and other relevant factors, such as supply and demand in the employment market.
XII. Basis used to determine Rate of Return on Plan Assets
The rate of return on Plan Assets is based on expectation of the average long term rate of return expected on investments of the
fund during the estimated term of the obligations.
XIII. The Company expects to contribute H 1,142.46 lakhs to gratuity in next year (Previous year - H 569.91 lakhs).
The liability for Leave Encashment as at the year end is H 2,278.51 lakhs (Previous year - H 1,948.00 lakhs) and provision for sick
leave as at the year end is H 325.64 lakhs (Previous year - H277.16 lakhs).
45. Segment Information:
Operating Segment
Operating segments are reported in a manner consistent with the internal reporting provided to the Management regarded as the
Chief Operating Decision Maker ("CODM”).The Company is engaged in pharmaceutical business which as per Ind AS 108 - "Operating
Segments” is considered the only business segment. The Company's chief operating decision maker is the Managing Director
of the Company.
The CODM evaluates the Company’s performance and allocates resources based on an analysis of various performance indicators of
operating segment. The CODM reviews revenue and gross profit as the performance indicator of the operating segment.
Geographical Information
The Company’s operating divisions are managed from India. The principal geographical areas in which the Company operates are
India, USA and others. The country-wise segmentation is not relevant as exports to individual countries is not more than 10% of
enterprise revenue.
The information related to secondary segment is as under:
31 i I nl/hf
Non-Current Assets for this purpose consists of Property, plant and equipment, Right of use assets, Capital work-in-progress,
Intangible assets and Other Non-current Assets.
The Company does not have any customer with whom revenue from transactions is more than 10% of Company's total revenue.
46. Related party disclosures, as required by Ind AS 24 - "Related Party Disclosures" are given below:
Names of Related parties where control exists irrespective of whether transactions have occurred or not :
No single customer contributed 10% or more to the Company's revenue for the year 31st March, 2025 & 31st March, 2024
Payment terms agreed with a customer are as per business practice which generally ranges between 8 to 120 days.
48. Disclosure under Ind AS 116 - Leases
The Company’s significant leasing arrangements are in respect of godowns/ office premises taken on operating lease basis. These
leasing arrangements, which are cancellable, range between 1 year and 5 years generally, or longer, and are usually renewable by
mutual consent on mutually agreeable terms. There are certain agreements which provide for increase in rent. There are no subleases.
There are no contingent rents.
50. The Company does not have any long-term contracts including derivative contracts for which there are any material
foreseeable losses.
51. Struck off Company:
The Company does not have any transactions with companies struck- off under section 248 of the Companies Act, 2013 or section
560 of Companies Act, 1956.
52. Other Notes:
(a) The Company does not have any benami property, where any proceeding has been initiated or pending against the Company for
holding any benami property.
(b) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.
(c) The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or
disclosed as income during the year in the tax assessments under the Income Tax Act, 1961
(d) The Company has not entered with any Scheme(s) of arrangement in terms of sections 230 to 237 of the Companies Act, 2013.
(e) No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of
funds) by the Company to or in any other person(s) or entity(ies), including foreign entities ("Intermediaries”) with the understanding,
whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company
(Ultimate Beneficiaries). The Company has not received any fund from any party(s) (Funding Party) with the understanding that the
Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company
("Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
(f) No funds have been received by the Company from any person(s) or entity(ies), including foreign entities ("Funding Parties”),
with the understanding, whether recorded in writing or otherwise, that the Company 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 guarantee, security or the like on behalf of the Ultimate Beneficiaries.
(g) Donations under note 35 includes donations for political purposes
Pursuant to the resolution passed at a meeting of the Board of Directors, during the current year donations amounting to H
350.00 lakhs (Previous year - H 400 lakhs) were made for political purposes to The Bharatiya Janta Party, which is within the
limits specified by section 182 (1) of the Companies Act, 2013."
(h) Consequent to the issuance of "Guidance note on Division II - Ind As schedule III to the Companies Act 2013” certain items of
financial statements have regrouped /reclassified. Previous year’s figures have been regrouped/reclassified wherever necessary
to correspond with the current year’s classification/disclosure
As per our report of even date attached.
For B S R & Co. LLP For and on behalf of the Board of Directors of FDC Limited
Chartered Accountants CIN : L24239MH1940PLC003176
Firm's Registration No : 101248W/W-100022
MOHAN A. CHANDAVARKAR ASHOK A. CHANDAVARKAR
Managing Director Director
DIN : 00043344 DIN : 00042719
AMAR SUNDER VIJAY BHATT VARSHARANI KATRE
Partner Chief Financial Officer Company Secretary &
Legal head
Membership No : 078305 Membership No: F8948
Place : Mumbai Place : Mumbai
Date : May 28, 2025 Date : May 28, 2025
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