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48TH ANNUAL REPORT 2017-1848 dr§ dm{f©H$ [anmoQ>©> 2017-18

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THE COTTON CORPORATION OF INDIA LIMITED

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{df¶/Particulars Page No

AZwH«$‘{UH$m / INDEX

{ZXoeH$ ‘§S>bBoard of Directors 2 d[að> à~§YZ Q>r‘Senior Management Team 4

gyMZmNotice 6

AÜ¶j H$m A{^^mfUChairman's Speech 10

{ZXoeH$ [anmoQ>©Directors Report 16

{ZXoeH$ [anmoQ>© H$m n[a{eï> AAnnexure A to Director's Report 35

{ZXoeH$ [anmoQ>© H$m n[a{eï> ~Annexure B to Director's Report 40

{ZXoeH$ [anmoQ>© H$m n[a{eîQAddendum to Directors’ Report 48

‘hm boIm narjH$ H$s {Q>ßnUrComments of the CAG 55

ñdV§Ì boIm narjH$m| H$s [anmoQ>©Independent Auditor's Report 56

dm{f©H$ boIoAnnual Accounts 75

~¢H$m| H$s gyMrList of Banks 190

àm°³gr ’$m°‘©Proxy Form 191

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AÜ¶j Ed§ à~§Y {ZXoeH$ S>m°. nr. A{„ amZrChairman-cum-Managing Director Dr. P. Alli Rani

{ZXoeH$ ({dÎm) lr àXrn Hw$‘ma AJ«dmbDirector (Finance) Shri Pradeep Kumar Agarwal

{ZXoeH$ ({dnUZ) lr E‘. E‘. Mmo³H$qbJ‘Director (Marketing) Shri M. M. Chockalingam

({ZXoeH$) lr Eg. Ama. Jm¶H$dmS>(Director) Shri S. R. Gaikwad

ñdV§Ì {ZXoeH$ lr‘Vr J«og qnQ>moIndependent Director Ms. Grace Pinto

ñdV§Ì {ZXoeH$ lr‘Vr am{OH$m Q>r. H$Mo[a¶mIndependent Director Ms. Rajika T. Kacheria

{ZXoeH$ ‘§S>b({XZm§H$ 31-12-2018 H$mo)

BOARD OF DIRECTORS(As on 31-12-2018)

AuditorsBansal R. Kumar & Associates

Chartered Accountants, Mumbai

Baweja & Kaul Chartered Accountants, New Delhi

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Registered OfficeKapas Bhavan

Plot No 3A, Sector -10, C.B.D. BelapurNavi Mumbai - 400 614

website : www. cotcorp.org.in www.ministryoftextiles.gov.in

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S>m°. nr. A{„ amZrAÜ¶j Ed§ à~§Y {ZXoeH$

Dr. P. Alli RaniChairman-cum-Managing Director

lr àXrn Hw$‘ma AJ«dmb {ZXoeH$ ({dÎm)

Shri Pradeep Kumar AgarwalDirector (Finance)

lr E‘. E‘. Mmo³H$qbJ‘ {ZXoeH$ ({dnUZ)

Shri M. M. ChockalingamDirector (Marketing)

lr Eg. Ama. Jm¶H$dmS>({ZXoeH$)

Shri S. R. Gaikwad(Director)

lr‘Vr am{OH$m Q>r. H$Mo[a¶mñdV§Ì {ZXoeH$

Ms. Rajika T. KacheriaIndependent Director

lr‘Vr J«og qnQ>moñdV§Ì {ZXoeH$

Ms. Grace PintoIndependent Director

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4

d[að> à~§YZ Q>r‘SENIOR MANAGEMENT

‘hm à~§YH$ / General Managers

Cn ‘hm à~§YH$ / Deputy General Manager

‘w»` ‘hm à~§YH$ (‘mg§{d)Chief General Manager (HRD)

‘w»` ‘hm à~§YH$ ({dÎm/dm{UÁ`)/H§$nZr g{Md Chief General Manager (Finance/Commercial)/Company Secretary

‘w»` ‘hm à~§YH$ ({dnUZ)Chief General Manager (Marketing)

‘w»` ‘hm à~§YH$ (Am. ì¶m./{Z¶m©V boIm)Chief General Manager (IT/Export A/c)

lr ‘ZmoO ~OmOShri Manoj Bajaj

lr b{bV Hw$‘ma JwámShri Lalit Kumar Gupta

lr Eg. Ho$. nm{UJ«mhrShri S. K. Panigrahi

lr amOoÝÐ Hw$. JwámShri Rajendra. K. Gupta

(1) lr Eg. Ho$. Xmg Shri S. K. Das (5) lr {demb Ho$ {gÝhm Shri Vishal K. Sinha

(2) lr AVwb H$mbm Shri A tul Kala

(6) lr g§O` Hw$‘ma Shri Sanjay Kumar

(3) lr `y. Ho$. qgh Shri U. K. Singh

(7) lr àm§Ob nr. Omoer Shri Pranjal P. Joshi

(4) lr E. Ho$. lrdmñVd Shri A. K. Srivastava (8) lr AO` Hw$‘ma Shri Ajay Kumar

(1) lr Oo. ZmJoœa amd Shri J. Nageswara Rao

(5) lr‘Vr ^mdZm {~goZ Smt. Bhavna Bisen

(2) lr amOoÝÐ emh Shri Rajendra Shah

(6) lr B. `w. B§Jbo Shri E. U. Engle

(3) lr ‘mo{hV e‘m© Shri Mohit Sharma

(7) lr {dZmoX Hw$‘ma Shri Vinod Kumar

(4) lr nr. A‘aZmW aoÈ>r Shri P. Amarnath Reddy

(8) lr H$‘b H$m§V Shri Kamal Kant

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lr ‘ZmoO ~OmO‘w»` ‘hm à~§YH$ (‘mg§{d)

Shri Manoj BajajChief General Manager (HRD)

lr b{bV Hw$‘ma Jwám‘w.‘.à.({dÎm/dm{UÁ`)/H§$nZr g{Md$

Shri Lalit Kumar GuptaC.G.M.(Finance/Commercial)/

Company Secretary

lr amOoÝÐ Hw$. Jwám‘w»` ‘hm à~§YH$ (Am. ì¶m./{Z¶m©V boIm)

Shri Rajendra K. GuptaChief General Manager

(IT/Export A/c)

lr Eg. Ho$. nm{UJ«mhr‘w»` ‘hm à~§YH$ ({dnUZ) Shri S. K. Panigrahi

Chief General Manager (Marketing)

48th AnnuAl RepoRt 2017-18 the cotton coRpoRAtion of indiA limited

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1. 31 ‘mM©, 2018 H$mo g‘mßV df© Ho$ {bE H§$nZr H$s boIm nar{jV {dËVr` {ddaUr Am¡a Bg {XZm§H$ H$m VwbZ nÌ VWm {ZXoeH$m| H$s [anmoQ>© Ed§ boIm narjH$m| H$s [anmoQ>© Ho$ gmW-gmW AÝ` g§~§{YV {dda{U`m± VWm CZ na H§$nZrO A{Y{Z`‘ 2013 H$s Ymam 143(6) Ho$ AZwgma Am¡a {Z`§ÌH$ Ed§ ^maV Ho$ ‘hm boIm narjH$ H$s {Q>ßn{U`m± àmßV Am¡a ñdrH$ma H$aZm &

2. {dÎmr¶ df© 2017-18 Ho$ {bE bm^m§e Kmo{fV H$aZm&

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3. {ZåZ{bpIV g§H$ën H$mo g§emoYZ Ho$ gmW AWdm g§emoYZ Ho$ ~J¡a nm[aV H$aZo `mo½` hmo, Vmo {dMma {H$`m Omò &

g§H$ën {H$`m OmVm h¡ {H$ H§$nZrO A{Y{Z`‘ 2013 H$s Ymam 13 Ho$ àmdYmZm| VWm AÝ` H$moB© bmJy àmdYmZm| Ho$ AZwgaU ‘| (H$moB© gm§{d{YH$ g§emoYZ AWdm Hw$N> g‘` Ho$ {bE bmJy nwZ: A{Y{Z`‘ H$mo em{‘b H$aHo$) VWm CgHo$ AYrZ V¡`ma {Z`‘mdbr, H§$nZr Ho$ {ZXoeH$ ‘§S>b H$s gh‘{V go VWm EVXÛmam ‘§Oya, ~eV} gm‘mÝ` ~¡R>H$ ‘| eoà YmaH$m| Ho$ AZw‘moXZ VWm a{OñQ´ma Am°’$ H§$nZrO , ‘w§~B© Ho$ AZw‘moXZ go H§$nZr Ho$ ‘o‘moa|S>‘ Am°’$ Egmo{eEgZ Ho$ I§S> III (H$) Ho$ Cn I§S> (6) Ho$ níMmV {ZåZ{bpIV (7) d (8) I§S> Omo‹S>m OmE &

(7) H$nmg IarXr, ê$B© H$s Jm±R>m| Ho$ M`Z, Xoer AWdm A§VaXoer` H$nmg go g§~§{YV Q´m§gnm}Q>oeZ AWdm ^§S>maU AWdm {H$gr AÝ` J{V{d{Y`m| Ho$ g§~§Y ‘| ñnqZJ {‘ëg AWdm AÝ` {H$gr Vrgar nmQ>u H$mo EO§grO g{d©g XoZm&

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NOTICENOTICE is hereby given that the 48th Annual General Meeting of the members of THE COTTON CORPORATION OF INDIA LIMITED will be held as scheduled below : -

DATE : 31.12.2018

DAY : Monday

TIME : 03.00 pm

VENUE : KAPAS BHAVAN, PLOT NO. 3A, SECTOR – 10, CBD BELAPUR, NAVI MUMBAI – 400 614.

to transact the following business:

ORDINARY BUSINESS:

1. To receive, consider and adopt the Audited Financial Statement of the Company for the year ended 31st of March, 2018, the Balance Sheet as at that date and Directors’ report and Auditor’s Report along with other related documents and comments of Comptroller & Auditor General of India thereon in terms of Section 143(6) of the Companies Act, 2013.

2. Todeclaredividendforthefinancialyear2017-18.

SPECIAL BUSINESS:3. To consider, and if deemed fit, to pass with or

without modification the following resolution as aSpecial Resolution.

“RESOLVED THAT pursuant to the provisions of Section 13 and other applicable provisions, if any, of Companies Act, 2013, (including any statutory modificationsorre-enactmentthereof,forthetimebeing in force), and the rules framed there under, consent of the Board of Directors of the Company be and is hereby accorded, subject to the approval of Shareholders in General Meeting and Registrar of Companies, Mumbai, to append following sub clauses (7) & (8) after sub clause (6) of clause III (A) of the Memorandum of Association of Company:

(7) “To provide agency services to the spinning mills or any other third party(s) in relation to purchase of cotton, selection of cotton bales, transportation or storage or any other activities related to the domestic or international cotton.”

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(8) ^maV AWdm {dXoe ‘| gaH$mar AWdm àm{YH$m[a`m|, å`yZgrnb, ñWmZr` AWdm AÝ`Wm AWdm {H$gr Vrgar nmQ>u Ho$ ‘m’©$V AWdm Ûmam H$nmg Ho$ A{V[aŠV {H$gr ^r H¥${f dñVwAm| H$m gm¡Xm H$aZo AWdm Q´oqS>J hmo AWdm AÝ`Wm {ZnQ>mZ H$aZo go g§~§{YV H$moB© g{d©g XoZm d ì`mnma H$aZo go g§~§{YV H$m`© H$aZm &

g§H$ën {H$`m OmVm h¡ {H$ H§$nZr H$m A.à.{Z AWdm H$moB© {ZXoeH$ AWdm H§$nZr g{Md H$mo Cn`w©ŠV ‘m‘bo ‘| AmÚmja H$aZo, hñVmja H$aZo, AZwà‘mUZ H$aZo VWm H§$nZrO Ho$ a{OñQ´ma go VWm AÝ` g^r {Z`{‘V àm{YH$m[a`m| go Amdí`H$ AmdoXZ ’$m‘©g Ho$ ’$mB©qbJ VH$ gr{‘V Zht ~pëH$ Cggo g§~§{YV Eogo g^r H$m`m] ‘m‘bm| S>rëg na AmH$pñ‘H$ ê$n go n[aUm‘ XoZo go g§~§{YV Eogo g^r H$m`m] na H$ma©dmB© H$aZo Ho$ {bE EVXÛmam àm{YH¥$V {H$`m OmVm h¡&

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(8) “To carry on any services or business, whether trading or otherwise dispose off or deal in anyAgriculture Commodities in addition to Cotton, by or on the behalf of any Government or authorities, municipal local or otherwise or any third party(ies) in India or abroad.”

RESOLVED FURTHER THAT Chairman-cum-Managing Director or any other Directors of the Company or Company Secretary of the Company be and are hereby severally authorized to do all such acts, matters, deeds and things necessary or expedient in connection with or incidental to give effecttotheabovematter,includingbutnotlimitedtoinitialing,signing,attestingandfilingofnecessaryapplications, forms with the Registrar of Companies and all other regulatory authorities, as may be necessary, and to comply with all requirements in this regard.”

By order of the Board of Directors

For THE COTTON CORPORATION OF INDIA LIMITED

Sd/-Lalit Kumar Gupta

CGM (Fin./Comm.)/Company Secretary

Place: Navi MumbaiDated: 20.12.2018


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ZmoQ²g : -

1. ~¡R>H$ ‘| CnpñWV ahZo VWm ‘VXmZ Ho$ hH$Xma A{YH$mar gXñ` AnZo à{V{Z{Y Ho$ ê$n ‘| {H$gr AÝ` ì`{º$ H$mo CnpñWV ahZo Am¡a AnZo ñWmZ na ‘VXmZ H$aZo H$m A{YH$ma àXmZ H$a gH$Vo h¢ VWm Eogo à{V{Z{Y H$m H§$nZr H$m gXñ` hmoZm Amdí`H$ Zht h¡ &

2. à^mdr hmoZo Ho$ {bE àm°Šgr nÌ ~¡R>H$ Ho$ àma§^ hmoZo go 48 K§Q>o nyd© H§$nZr Ho$ nmg àmßV hmo OmZm Mm{hE & àm°Šgr ànÌ dm{f©H$ gm‘mÝ` ~¡R>H$ Ho$ Zmo{Q>g Ho$ A§V ‘| {X`m J`m h¡ &

3. H§$nZr Ho$ Cn`w©ŠV ì`mnma {ZYm©aU H$aZo go g§~§{YV H§$nZrO A{Y{Z`‘, 2013 H$s Ymam 102 H$s Amdí`H$Vm Ho$ AZwgma H§$nZr H$s dm{f©H$ gm‘mÝ` ~¡R>H$ Ho$ Zmo{Q>g Ho$ gmW ì`m»`mË‘H$ {ddaUr g§b½Z H$s JB© h¡&

H§$nZrO A{Y{Z`‘ 2013 H$s Ymam 102 Ho$ AYrZ ì`m»`mË‘H$ {ddaUr

‘X g§. 03 : `h gy{MV {H$`m OmVm h¡ {H$ O~ H$^r H$nmg ‘yë` ^maV gaH$ma Ûmam Kmo{fV Ý`yZV‘ g‘W©Z ‘yë` Ho$ ZrMo {JaVo h¢ Vmo {ZJ‘ ^maV gaH$ma H$s ZmoS>b EO|gr Ho$ ê$n ‘| {d{^ÝZ ~mOma g{‘{V`m| Ho$ `mS©>g ‘| {~Zm {H$gr ‘mÌmË‘H$ gr‘m Ho$ H$ÀMr ê$B© IarXZo Ho$ {bE g‘W©Z ‘yë` (E‘Egnr) n[aMmbZ H$aVm h¡ & Bg n[aMmbZ Ho$ {bE {ZJ‘ Zo g§nyU© ^maV ‘| EH$ AZwHy$b ZoQ>dH©$ ñWm{nV {H$`m h¡ & `h IarXr n[aMmbZ 15 IarXr emImAm| Ho$ AYrZ 300 go A{YH$ IarXr Ho$ÝÐm| na {H$`m OmVm h¡ & BZ IarXr Ho$ÝÐm| H$m à~§YZ CZ AZw^dr ì`{º$`m| Ûmam {H$`m OmVm h¢ {OÝh| 20-30 df© ’$sëS> H$m AZw^d h¢ & ‘mZde{º$ Ho$ gdm}ËV‘ Cn`moJ VWm amOñd ‘| d¥{Õ Ho$ {bE, {ZJ‘ dñÌ joÌ ‘| EO§gr g{d©g H$s J{V{d{Y`m| H$mo Ama§^ H$aZo H$s `moOZm V¡`ma H$a ahm h¡ &

{ZJ‘ àËòH$ df© àM{bV ~mOma n[apñW{V na AmYm[aV Xoe H$s Hw$b H$nmg CËnmXZ H$m 5% go 35% CËnmXZ IarX H$a ahm h¡ & Cn^moŠVm ñnrqZJ CÚmoJ {Z{O {OZg©/QóS>g©, Am`mV BË`m{X {ZJ‘ go AnZo H$ÀMo ‘mb H$s Amdí`H$Vm H$mo nyam H$aVm h¡ & H$nmg {d{^ÝZ {H$ñ‘m|, J«oS²g, ‘mBH«$moZoà VWm b|W H$m EH$ àmH¥${VH$ ’$gb h¡ VWm àËòH$ ñnrqZJ {‘ëg H$mo H$nmg H$s {deof {H$ñ‘, J«oS²g, ‘mBH«$moZoà VWm b|W H$s Amdí`H$Vm hmoVr h¡ {OgHo$ {bE {‘b Ûmam H$nmg H$m M`Z H$aZm A{Zdm`© hmoVm h¡ & Bgr{bE pñnqZJ {‘ëg H$mo ê$B© H$s Jm±R>m| H$m M`Z H$aZo H|$ {bE EH$ {deofk H$s Amdí`H$Vm hmoVr h¡& Hw$N> pñnqZJ {‘ëg Zo AnZo H$‘©Mm[a`m| Ho$ ê$n ‘| H$nmg

NOTES:-

1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE ON POLL INSTEAD OF HIMSELF. SUCH PROXY NEED NOT BE A MEMBER OF THE COMPANY.

2. PROXIES IN ORDER TO BE EFFECTIVE MUST BE RECEIVED BY THE COMPANY NOT LESS THAN 48 HOURS BEFORE THE COMMENCEMENT OF THE MEETING. THE PROXY FORM IS ENCLOSED AT THE END OF NOTICE TO AGM.

3. Explanatory Statement is annexed to the notice of Annual General Meeting of the Company as required by Section 102 of the Companies Act, 2013 relating to the Business set out above hereto.

EXPLANATORY STATEMENT UNDER SECTION 102 OF THE COMPANIES ACT, 2013:

ITEM NO. 03 : It is inform that the corporation being a Nodal Agency of Government of India for undertaking price support operations by procuring raw cotton in various market committee yards, whenever the market price of cotton falls below the Minimum Support Price (MSP) announced by the Government of India without any quantitative limit. To carry out such operations the Corporation is having a well established network across India. The procurement operations are carried out through 300 plus procurement centres under 15 procurement branches. These procurement centres are managed by well experienced man-power having 20-30yearsoffieldexperience.Foroptimumutilizationof the manpower as well as to increase the revenue stream, Corporation is planning to introduce activity of agency services to the textile sector.

The Corporation is procuring about 5% to 35% of the total production in the country depending upon the prevailing market condition every year. The consumer spinning industry meets its raw material requirement from the Corporation, private ginners/traders, import etc. The cotton is a natural commodity differentvarieties, grades, micronnaire and length and each spinning mill require the cotton of particular variety, grade, micronnaire and length for which selection of cotton becomes necessary for the mills. Therefore, the spinning mills require an expert for selection of the cotton bales. Some of the spinning mills have appointed their own employees for the said work. However, most

48 dt dm{f©H$ [anmoQ>© 2017-18

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{deofkm| H$s {Z`w{º$ H$s h¡ & {’$a ^r, A{YH$m§e pñnqZJ {‘ëg Jm±R>m| H$s IarXr, M`Z VWm Q´m§gnmoQ>}eZ BË`m{X H$s à{H«$`m Ho$ {bE EO§Q> Ho$ ê$n ‘| Vrgar nmQ>u go godmE°§ àmßV H$a aho h¢ & {ZJ‘ AnZo ‘m¡OyX ZoQ>dH©$ Ho$ Cn`moJ Ûmam pñnqZJ CÚmoJ H$mo `o godmE°§ Am°’$a H$aZo VWm pñnqZJ {‘ëg H$mo H$‘reZ Ho$ AmYma na H$nmg IarXr, M`Z, Q´m§gnmoQ>}eZ H$s g{d©g XoZo ‘| EH$ gw{dYmOZH$ EO|gr Ho$ ê$n ‘| H$m`© H$a gH$Vm h¡ & BgHo$ gmW hr {ZJ‘ A{V[aŠV d{Hª$J H¡$nrQ>b H$s V¡ZmVr Ho$ ~J¡a CnbãY ‘mZd e{º$ Ho$ Cn`moJ Ûmam A{V[aŠV Am` CËnÝZ H$a gH$Vm h¡ & BgHo$ A{V[aŠV `h ^r nVm bJm`m Om gH$Vm h¡ {H$ H$nmg Ho$ {bE CnbãY {Z`V AmYma^yV g§aMZm H$mo O~ Cg Ad{Y ‘| H$nmg IarX Am°naoeZ Zht hmoVo hmo, Vmo AÝ` H¥${f CËnmXm| H$s IarX Ho$ {bE Cn`moJ ‘| bm`m Om gH$Vm h¡ &

BZ J{V{d{Y`m| na H$m`© H$aZo Ho$ {bE H§$nZr Ho$ ‘w»` I§S> ‘| g§emoYZ H$s Amdí`H$Vm h¡ Vm{H$ ì`mnma Ho$ dmñV{dH$ VËdm| H$mo à{Vq~{~V {H$`m OmE & VÖþgma H§$nZr Ho$ ‘o‘moa|S>‘ Am°’$ Egmo{eEgZ Ho$ I§S> III(H$) Ho$ Cn I§S> (6) Ho$ níMmV CnI§S> (7) d (8) Omo‹S>Zo Ho$ {bE g§b½Z h¡ &

H§$nZrO A{Y{Z`‘, 2013 H$s Ymam 13 Ho$ AZwgaU ‘| ‘yb I§S> ‘| g§emoYZ Ho$ {bE {d{YdV ~wbmB© JB© gm‘mÝ` ~¡R>H$ ‘| {deof g§H$ën Ho$ ‘mÜ`‘ go eo`aYmaH$m| Ho$ AZw‘moXZ H$s Amdí`H$Vm h¡ &

{ZXoeH$m| Zo H§$nZr Ho$ {hV ‘| {deof g§H$ën nm[aV H$aZo H$s {g’$m[ae H$s h¡ &

Bg g§H$ën ‘| {H$gr ^r {ZXoeH$, AWdm ‘w»` à~§YH$ H$m{‘©H$ AWdm CZHo$ [aíVoXmam| H$m Bg‘| AnZm H$moB© ì`{º$JV {hV Zht h¡ &

{ZXoeH$ ‘§S>b Ho$ AmXoe goH¥$Vo ^maVr` H$nmg {ZJ‘ {b{‘Q>oS>

hñVm/-b{bV Hw$‘ma JwßVm

‘w»` ‘hm à~§YH$ ({dËV/dm{U.)/ H§$nZr g{Md

ñWmZ: Zdr ‘w§~B©{XZm§H$ : 20.12.2018

à{V, H§$nZr Ho$ g^r gXñ`, {ZXoeH$ VWm gm§{d{YH$ boIm narjH$

of the spinning mills are dependent on third party agents for their services to the spinning mills in the process of purchases, selection, transportation of bales etc. The Corporation can utilize its existing networkforofferingtheseservicestothespinningindustry and can work as a facilitating agency in providing services of purchases, selection, transportation of cotton etc. to the spinning mills on commission basis. With this, the Corporation can generate an extra source of income by utilizing the available manpower without deployment of additional working capital. In addition to this, it will alsobeexploredifthefixedinfrastructureavailablefor cotton can be used for procurement of other agri products during the period when cotton procurement operations are not there.

To undertake such activity the main object clause oftheCompanyneedstobeamendedtoreflectthetrue nature of business. Accordingly, to append sub clauses (7) & (8) after sub clause (6) of clause III (A) of the Memorandum of Association of Company.

Pursuant to Section 13 of the Companies Act, 2013, the amendment in object clause require the approval of shareholders through Special Resolution at duly convened General Meeting.

The Directors recommend passing of the special resolution in the interest of the Company.

None of the Director or their respective relatives are concerned or interested in this resolution.

By order of the Board of Directors For THE COTTON CORPORATION OF INDIA LIMITED

Sd/- Lalit Kumar Gupta

CGM (Fin./Comm.)/Company Secretary

Place: Navi MumbaiDated: 20.12.2018

To,All Members, Directors & Statutory Auditors of the Company


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{ZJ‘ H$s 48 dr dm{f©H$ gm‘mÝ¶ ~¡R>H$ AÜ¶j H$m A{^^mfU

48th Annual General MeetingChairman's Speech

Dear Shareholders,

It is my privilege to welcome you on the occasion of the 48th Annual General Meeting of your company.

I also want to thank you for your support in making this company a leading public sector cotton trading organization in the country. The notice convening the meeting, the Director’s Report and the Annual Audited Accounts for the year ended 31st March, 2018 have already been circulated and with your permission, I shall take them as read.

Your Corporation with its prudent policies, dedicated and experienced cadre of employees had been able to meet the challenges of Cotton season 2017-18 creating value for the organization and gaining further strength. I am hopeful that the Company is moving on the path of achieving its long term sustainable growth. Now I would like to share with you brief highlights about the performance of your company during 2017-18 vis-à-vis cotton scenario in Domestic & International market.

1. COTTON SCENARIO:

International Situation:

World opening stock has decreased by 7% to 18.80 million metric tons in comparison to opening stock of 20.31 million metric tons of last year, 2016-17. Acreage under cotton has increased by 16% to 34.62 million hectares as against 29.87 million hectares in 2016-17. As a result, world cotton production has increased by 13% to 26.57 million metric tons as against 23.07 million metric tons during 2016-17. Global cotton mill use is expected to increase by 4% to 25.49 million metric tons and world ending stock at the end of world cotton season on 31st July 2018 is estimated to decrease by 2% to 18.33 million metric tons in comparison to 18.80 million metric tons of last year. (Source: ICAC Journal-Cotton this Month dated June 1, 2018).

{à` eoàYmaH$m|,

AmnH$s H§$nZr H$s 48dt dm{f©H$ gm‘mÝ` ~¡R>H$ Ho$ Adga na AmnH$m ñdmJV H$aVo hþE ‘wPo àgÝZVm hmo ahr h¡ & ‘¢ Bg H§$nZr H$mo Xoe H$s à‘wI H$m°Q>Z QóqS>J gmd©O{ZH$ CnH«$‘ ~ZmZo Ho$ {bE Amn g^r Ho$ gh`moJ Ho$ {bE Am^ma ì`ŠV H$aZm MmhVr hÿ± & Bg ~¡R>H$ H$s gyMZm H$s Zmo{Q>g, {ZXoeH$ [anmoQ>© Am¡a 31 ‘mM©, 2018 H$mo g‘má df© Ho$ {bE dm{f©H$ boIm nar{jV boIo Omo nhbo hr n[aMm{bV {H$ò Om MwHo$ h¢ & AmnH$s AZw‘{V go, ‘¢ Cgo n{R>V ‘mZVr hÿ± &

AmnHo$ {ZJ‘ Zo AnZr {ddoH$nyU© `moOZmAm|, H$‘©Mm[a`m| Ho$ g‘{n©V d AZw^dr g§JR>Z go H$nmg ‘m¡g‘ 2017-18 H$s MwZm¡{V`m| H$m gm‘Zm H$aVo hþE g§ñWmZ Ho$ {bE ‘hËdnyU© CnbpãY`m± hm{gb H$s & ‘wPo Amem h¡ {H$ H§$nZr AnZr XrK© YmaUr` d¥{Õ àmßV H$aZo Ho$ nW na AJ«ga h¡ & A~ ‘¢ AmnHo$ gmW df© 2017-18 Ho$ Xm¡amZ AmnH$s H§$nZr Ho$ H$m`© {ZînmXZ Ho$ g‘j Xoer H$nmg n[aÑí` d A§VaamîQ´r` ‘mH}$Q> Ho$ g§{jßV q~XwAm| H$mo gmPm H$aZm Mmhÿ±Jr &

1. H$nmg n[aÑí` :

A§VaamîQ´r` pñW{V :

{díd Ama§{^H$ ñQ>m°H$ JV df© 2016-17 Ho$ Ama§{^H$ ñQ>m°H$ 20.31 {‘{b`Z ‘¡{Q´H$ Q>Ýg H$s VwbZm ‘| 7% H$‘r Ûmam 18.80 {‘{b`Z ‘¡{Q´H$ Q>Ýg H$‘ hþAm & H$nmg EH$aoO JV df© 2016-17 ‘| 29.87 {‘{b`Z h¡ŠQ>a Ho$ gm‘Zo 16% d¥{Õ Ho$ gmW 34.62 {‘{b`Z h¡ŠQ>a ahm & {OgHo$ n[aUm‘ñdê$n {díd H$nmg CËnmXZ JV df© 16-17 Ho$ Xm¡amZ 23.07 {‘{b`Z ‘¡{Q´H$ Q>Z Ho$ gm‘Zo 13% d¥{Õ Ûmam 26.57 {‘{b`Z ‘¡{Q´H$ Q>Ýg ahm & {díd ì`mnr ê$B© {‘b H$m BñVo‘mb 25.49 {‘{b`Z ‘¡{Q´H$ Q>Ýg go 4% d¥{Õ H$s Anojm H$s OmVr h¡ VWm 31 OwbmB© 2018 H$mo {díd H$nmg ‘m¡g‘ H$s g‘m{á na {díd ñQ>m°H$ JV df© 18.80 {‘{b`Z Q>Ýg H$s VwbZm ‘| 2% H$‘r Ho$ gmW 18.33 {‘{b`Z ‘¡{Q´H$ Q>Ýg H$m AZw‘mZ bJm`m J`m h¡ (ñÌmoV : AmB©grEgr OZ©b H$m°Q>Z {Xg ‘ÝW {XZm§H$ 1 OyZ 2018)

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During the season, the international cotton prices, as measured by Cotlook A Index were ruling in the range from 77.00 US C/lb to 102.00 US C/lb. It reached the season’s highest level of 101.70 US C/lb in the middle of June 2018. Thereafter, prices moved downward to 94 US C/lb by the end of June 2018. The yearly average International price up to June 2018 was 87.32 US C/lb which was 5% higher as compared to average of around 82.66 US Cents per lb during corresponding period last year, 2016-17.

Domestic Situation:

Acreage under cotton in the Country increased by around 15% to 124.44 lakh hectares in comparison to 108.26 lakh hectares of previous year. While yield decreased by 7% to 505 kg/ha as against 542 kg/ha of previous year due to pink boll worm infestation in central & Southern regions. However due to increase in area, cotton production increased to 370 lakh bales as against 345 lakh bales of 2016-17. (Source: Cotton Advisory Board Meeting dated 26.06.2018).

With estimated carryover stock of 43.76 lakh bales, imports of 15 lakh bales, cotton consumption (including Mill, SSI and non-textile consumption) at 315.50 lakh bales and estimated exports of 70 lakh bales, the closing stock at the end of the cotton season 2017-18 has been estimated at 43.26 lakh bales. (Source: Cotton Advisory Board Meeting dated 26.06.2018).

The opening prices of lint cotton (major cotton varieties) in the current cotton season were lesser by around 13% to 15% as compared to the opening prices of previous year.Cottonpriceswereunderpressureduetosignificantincrease in area under cotton cultivation and expected increase in production in comparison to previous year. However, from December 2017, it started increasing due to probable low availability of good quality cotton caused by pink boll-worm infestation in Central & Southern region and increase in mill use in comparison to previous year. The monthly average lint prices which were ruling in the range of Rs.36500/- per candy to Rs.40500/- per candy up to December 2017, increased to the level of Rs. 46000/- per candy to Rs. 48000/- per candy by the month of June 2018.

2. PERFORMANCE HIGHLIGHTS:

Procurement Operations:

For Cotton Season 2017-18, Govt. of India increased the Minimum Support Price (MSP) rates by Rs. 160/- i.e. around 4% for the Medium Staple & Long Staple Cotton as

‘m¡g‘ Ho$ Xm¡amZ H$m°Q>bwH$ E gyMH$m§H$ Ho$ AZwgma A§VaamîQ´r` H$nmg ‘yë` 77.00 `y Eg g|Q> / à{V Eb ~r go 102.00 `y Eg g|Q> /à{V Eb ~r H$s a|O ‘| aho & OyZ 2018 Ho$ ‘Ü` ‘| `o ‘m¡g‘ Ho$ CÀMV‘ ñVa `m{Z 101.70 `y Eg g|Q> /à{V Eb ~r VH$ nhþ±M JE & VËníMmV OyZ 2018 Ho$ A§V ‘| 94 `y Eg g|Q> / à{V Eb ~r VH$ ZrMo {Jam & OyZ, 2018 VH$ dm{f©H$ Am¡gV A§VaamîQ´r` ‘yë` 87.32 `y Eg g|Q> / à{V Eb ~r Wm Omo {nN>bo df© 2016-17 Ho$ Xm¡amZ bJ^J 82.66 à{V `y Eg goÝQ> à{V Eb ~r H$s VwbZm ‘| 5% CÀM Wm &

Xoer pñW{V :

Xoe ‘| H$nmg Ho$ A§VJ©V joÌ’$b {nN>bo df© H$s VwbZm ‘| 108.26 bmI h¡ŠQ>a go bJ^J 15% d¥{Õ Ho$ gmW 124.44bmI h¡ŠQ>a ahm & O~{H$ CËnmXZ {nN>bo df© 542 {H$bmoJ«m‘/à{V h¡ŠQ>g© Ho$ {dê$Õ 7% {JamdQ> go 505 {H$bmoJ«m‘/à{V h¡ŠQ>a ahm & `h {JamdQ> ‘Ü` Ed§ X{jU joÌm| ‘| qnH$ ~m°b dm°‘ g§H«$‘U Ho$ H$maU hþB© VWm{n joÌ’$b ‘| d¥{Õ Ho$ H$maU H$nmg CËnmXZ 2016-17 Ho$ 345 bmI Jm±R>m| Ho$ gm‘Zo 370 bmI Jm±R>m| H$s d¥{Õ hþB© & (ñÌmoV: grE~r ~¡R>H$ {XZm§H$ 26.06.18)

df© 2017-18 H$nmg ‘m¡g‘ H$s g‘m{á na 43.76 bmI Jm°R>m| Ho$ AZw‘m{ZV Adeof ñQ>m°H$, 15 bmI Jm°R>m| Ho$ Am`mV, 315.50 bmI Jm°R>m| na H$nmg Cn^moJ d 70 bmI Jm°R>m| Ho$ AZw‘m{ZV {Z`m©V Ho$ gmW H$nmg ‘m¡g‘ 2017-18 Ho$ A§V VH$ A§{V‘ ñQ>m°H$ 43.26 bmI Jm±R>m| H$m AZw‘mZ bJm`m J`m h¡ (ñÌmoV: grE~r ~¡R>H$ 26.06.2018)

dV©‘mZ H$nmg ‘m¡g‘ ‘| qbQ> H$m°Q>Z (‘w»` ê$B© H$s {H$ñ‘|) Ho$ Ama§{^H$ ‘yë` {nN>bo df© Ho$ Ama§{^H$ ‘yë` H$s VwbZm ‘| bJ^J 13% - 15% H$‘ Wo & H$nmg CËnmXZ Ho$ AYrZ joÌ’$b ‘| {d{eîQ> d¥{Õ Ho$ H$maU VWm {nN>bo df© H$s VwbZm ‘| CËnmXZ ‘| Ano{jV d¥{Õ Ho$ H$maU ^maV ‘| H$nmg H$s H$s‘V| X~md ‘| Wr & VWm{n {Xg§~a, 2017 go ‘Ü` Ed§ X{jU joÌm| ‘| qnH$ ~m°b dm°‘© Ho$ g§H«$‘U Ûmam AÀN>r JwUdËVm H$s H$‘ CnbãYVm H$s g§^mdZm VWm {nN>bo df© H$s VwbZm ‘| {‘b Cn^moJ ‘| d¥{Õ H|$ H$maU H$nmg H$s‘Vm| ‘| d¥{Õ Ama§^ hþB© & ‘m{gH$ Am¡gV go {Xg§~a 2017 VH$ ê$B© H$s H$s‘V| Omo 36,500 ê$. à{V H¢$S>r H$s a|O go 40,500 /- ê$. à{V H¢$S>r na ahr Omo OyZ , 2018 ‘mh ‘| 46,000 ê$. à{V H¢$S>r go 48,000 ê$. à{V H¢$S>r Ho$ ñVa VH$ d¥{Õ hþB© &

2. H$m`©{ZînmXZ Ho$ ‘w»` q~Xw :

IarXr n[aMmbZ :

H$nmg ‘m¡g‘ 2017-18 hoVw ^maV gaH$ma Zo Ý`yZV‘ g‘W©Z ‘yë`m| ‘| 160/. ê$. `m{Z 4% d¥{Õ ‘r{S>`‘ ñQ>onb d bm±J ñQ>onb b|W H$s H$nmg Ho$ {bE JV df© H$s VwbZm ‘| H$s h¡ & ^maV


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compared to previous cotton season. Being a nodal agency for undertaking MSP operations on behalf of Govt. of India when the prices of Fair Average Quality (FAQ) grade seed cotton fall below the MSP level, your Corporation procures entirequantityofFAQgradekapasofferedby thecottonfarmers in various APMC yards at MSP rates.

During cotton season 2017-18, prices of Fair Average Quality (FAQ) seed cotton fell below the Minimum Support Price (MSP) in Southern region and some parts of Central region (i.e. in the States of Gujarat, Maharashtra & M.P.). Accordingly, your Corporation started procurement under MSP Operations w.e.f. 23rd October 2017 wherever the seed cotton prices were ruling below the MSP level. Thereafter by the end of November 2017, MSP operations sloweddownandendedinMonthofMay2018duetofirmtrend in cotton prices. Thus, the Corporation procured 3.90 lakh bales under MSP operations.

In addition to the procurement of cotton under MSP operations, your Corporation started simultaneous purchases of kapas as well as ready bales under commercial operations wherever viable so as to utilize part of MSP infrastructure and recover part of overhead expenses. Thus, the Corporation procured 6.81 lakh bales under commercial operations.

Thus, by the end of June 2018, total procurement by CCI was 10.71 lakh bales (i.e. 3.90 lakh bales under MSP + 6.81 lakh bales under commercial operations).

Domestic Sales:

During F.Y. 2017-18, your Corporation liquidated around 3.97 lakh bales through e-Auction to domestic textile industry including MSMEs to cover their daily requirement of quality cotton. Sales Turnover of the Corporation was Rs.1392.11 crores. The Corporation continued to pursue the policy of pragmatic sales by supplying quality cotton and better pre and post sales services to the customers.

Warehousing:

Your Corporation has leased out the storage space of its warehousing complex at Kalamboli for commercial utilization at competitive rates and generated revenue to the tune of around Rs. 2.91 crores as against Rs. 2.12 crores generated in previous year. In order to increase utilization

gaH$ma H$s Amoa go Ý`yZV‘ g‘W©Z ‘yë` g§MmbZ Ho$ {bE EH$ ZmoS>b EO|gr hmoZo Ho$ ZmVo O~ H$^r ^r C{MV Am¡gV JwUdËVm (E’$EŠ`y) H$nmg Ho$ ‘yë` Ý`yZV‘ g‘W©Z ‘yë` ñVa go ZrMo {Ja OmVo h¢ Vmo AnH$m {ZJ‘ {d{^ÝZ EnrE‘gr `mS©>g ‘| H$nmg CËnmXH$m| Ho$ Ûmam àñVm{dV E’$EŠ`y J«oS> H$nmg H$s E‘Egnr Xam| na g§nyU© ‘mÌm H$s IarX H$aVm h¡ &

H$nmg ‘m¡g‘ 2017-18 Ho$ Xm¡amZ X{jU joÌ d ‘Ü` joÌ (`m{Z JwOamV, ‘hmamîQ´, ‘Ü` àXoe Ho$ amÁ`m| ‘|) Ho$ Hw$N> ^mJm| ‘| E’$EŠ`y H$nmg Ho$ ‘yë` Ý`yZV‘ g‘W©Z ‘yë` Ho$ ZrMo Wo&VÖþgma AmnHo$ {ZJ‘ Zo O~ ^r H$nmg ‘yë` Ý`yZV‘ g‘W©Z ‘yë` go ZrMo Am`o V~ 23 AŠVy~a, 2017 Ho$ A§V go Ý`yZV‘ g‘W©Z ‘yë` n[aMmbZ Ho$ AYrZ IarXr H$m`© H$aZm Ama§^ {H$`m & VËníMmV Zd§~a, 2017 Ho$ A§V go Ý`yZV‘ g‘W©Z ‘yë` n[aMmbZ Yr‘| hmo JE VWm H$nmg ‘yë`m| ‘| pñWaVm Ho$ H$maU ‘B©, 2018 ‘mh ‘| g‘mßV ^r hmo JE & AV: {ZJ‘ Ho$ Ý`yZV‘ g‘W©Z ‘yë` n[aMmbZ Ho$ AYrZ 3.90 bmI Jm±R>m| H$s IarXr H$s &

Ý`yZV‘ g‘W©Z ‘yë` n[aMmbZ Ho$ AYrZ H$nmg H$s IarXr Ho$ A{V[aŠV AmnHo$ {ZJ‘ Zo Ohm± g§^d hþAm dm{UÁ` n[aMmbZ Ho$ AYrZ V¡`ma Jm±R>m| Ho$ gmW-gmW H$nmg H$s IarXr H$aZm Ama§^ {H$`m Vm{H$ E‘Egnr g§aMZm Ho$ ^mJ H$m Cn`moJ H$aVo hþE Hw$N> D$nar IM© Ho$ ^mJ H$mo dgyb {H$`m Om gHo$ & AV: {ZJ‘ Zo dm{UÁ` n[aMmbZ Ho$ AYrZ 6.81 bmI Jm±R>m| H$s IarXr H$s &

AV: OyZ, 2018 VH$ Ho$ A§V VH$ grgrAmB© H$s Hw$b IarXr 10.70 bmI Jm±R>| Wr (Ý`yZV‘ g‘W©Z ‘yë` Ho$ AYrZ 3.90 bmI Jm±R>| + dm{UpÁ`H$ n[aMmbZ Ho$ AYrZ 6.81 bmI Jm±R>|) &

Xoer {~H«$s :

{dËVr` df© 2017-18 Ho$ Xm¡amZ AmnHo$ {ZJ‘ Zo JwUdËVmnyU© H$nmg H$s X¡{ZH$ Amdí`H$Vm H$mo nyU© H$aZo Ho$ {bE E‘EgE‘B© H$mo em{‘b H$aHo$ Xoer dñÌ CÚmoJ H$mo B© Am°ŠeZ Ûmam 3.97 bmI Jm°R>m| H$m n[ag‘mnZ {H$`m & {ZJ‘ H$m {~H«$s Q>Z© Amoda 1392.11 H$amo‹S> ê$. àmßV hþAm & {ZJ‘ Zo J«mhH$m| H$mo {~H«$s go nyU© VWm CgHo$ níMmV ~ohVa godmE°§ XoZo VWm AÀN>r JwUdËVmdmbr H$nmg H$s Amny{V© Ûmam Cn^moŠVm {‘bm| go grYo ì`dhm[aH$ {~H«$s H$s `moOZm H$mo {Za§Va Omar aIm &

^§S>maJ¥h n[aga :

AmnHo$ {ZJ‘ Zo H$b§~mobr na AnZo ^§S>maU n[aga H$m nyam ñQ>moaoO ñnog dm{UÁ`H$ Cn`moJ hoVw à{VñnYm© Xam| na brO na {X`m VWm JV df© 2.12 H$amo‹S> ê$. Ho$ amOñd Ho$ gm‘Zo bJ^J 2.91 H$amo‹S> ê$. H$m amOñd A{O©V {H$`m & ^§S>maU n[aga

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and revenues, the Corporation is under process to give the complex on operation, maintenance & management basis to a logistics operator.

Financial Results:

During the financial year 2017-18, the Corporationhasearnedanet profit after taxofRs. 9.33 croresasagainst loss after tax (reinstated) of Rs. 4.55 crores in thepreviousfinancialyear2016-17.Inviewofcontinuedgood performance of the Corporation, the Board of Directors of the Corporation have recommended dividend @30%ofnetprofitaggregatingtoRs.2.80croresduringthefinanacialyear2017-18.

Progressive use of Hindi:

Your Corporation has received National award, Rajbhasha Kirti Puraskar for the 25th time on 14th September, 2017 from Hon`ble President of India for Rajbhasha Hindi implementation.

3. TECHNOLOGY & STANDARDIZATION:

Your Corporation believes that in today's dynamic business environment for achieving long term sustainable growth, it is essential to harness the power of Information Technology (IT) systems. The Corporation is committed for digital transformation to leverage our IT capabilities to achieve competitive advantage. Some of the initiatives taken by your Corporation which are working smoothly include ERP systems, sale of cotton bales & cotton seeds through e-Auction platform, video conferencing for optimum utilization of time and prompt decisions, web application for Internal Audit, public grievance lodging monitoring system, cashless transactions through NEFT/RTGS etc.

4. CORPORATE SOCIAL RESPONSIBILITY (CSR):

Your Corporation has always been a responsible organization committed in fulfilling itsCSRobligations.The thrust areas identified for this purpose includefarmer’s welfare, increasing the quality of cotton, health and medical care, sanitation, education/ literacy enhancement, conservation of natural resources, rural development etc. CSR activities undertaken during the year were – i) Construction of Girls Toilets with running water facility infiveGovt.Schools inJodhpur,PaliandBhilwara districts in the State of Rajasthan; ii) Contribution to Clean Ganga fund and Armed Forces Flag Day Fund; and iii) Took initiative to encourage contract farming involving user industry and motivated the cotton farmers through kisan melas along with monthly awareness

H$s Cn`mo{JVm d amOñd ‘| d¥{Õ H$aZo Ho$ {bE {ZJ‘ n[aMmbZ, aIaImd, d à~§YZ Ho$ AmYma na Bgo bm°{OpñQ>Šg Am°naoQ>a H$mo XoZo H$s à{H«$`m Ho$ AYrZ h¡ & {dËVr` n[aUm‘ :

{dËVr` df© 2017-18 Ho$ Xm¡amZ AmnHo$ {ZJ‘ Zo H$a Ho$ níMmV 9.33 H$amo‹S> ê$. H$m bm^ A{O©V {H$`m O~{H$ {nN>bo {dËVr` df© 2016-17 ‘| 4.55 H$amo‹S> ê$. (H$a níMmV) hm{Z (nwZ:ñW{JV) bm^ A{O©V {H$`m Wm & {ZJ‘ Ho$ {Za§Va AÀN>o H$m`©{ZînmXZ H$mo XoIVo hþE {ZJ‘ Ho$ {ZXoeH$ ‘§S>b Zo {dËVr` df© 2017-18 Ho$ Xm¡amZ ewÕ bm^ H$m 30% bm^m§e `m{Z 2.80 H$amo‹S> ê$. Ho$ bm^m§e H$s {g’$m[ae H$s h¡ &

amO^mfm qhXr H$m àJm‘r à`moJ :

AmnHo$ {ZJ‘ H$mo amO^mfm qhXr Ho$ CËH¥$îQ> H$m`m©Ýd`Z Ho$ {bE 14 {gV§~a, 2017 H$mo ^maV Ho$ ‘hm‘{h‘ amîQń{V go 25dt ~ma amîQ´r` ñVa H$m amO^mfm H$s{V© nwañH$ma àmßV hþAm &

3. VH$ZrH$s d ‘mZH$sH$aU :

AmnHo$ {ZJ‘ H$m ‘mZZm h¡ {H$ AmO Ho$ J{Verb ì`mnm[aH$ dmVmdaU ‘| XrKm©d{Y {dH$mg H$mo àmßV H$aZo hoVw `h Amdí`H$ h¡ {H$ gyMZm àm¡Úmo{JH$s nÕ{V H$s e{º$`m| H$mo AnZm`m OmE & {ZJ‘ à{VñnYm©Ë‘H$ bm^ àmßV H$aZo Ho$ CÔoí` go AnZr gyMZm àm¡Úmo{JH$s j‘VmAm| Ho$ `mo½` Cn`moJ go {S>OrQ>b Q´m§g’$m°a‘oeZ hoVw dMZ~Õ h¡ & AmnHo$ {ZJ‘ Ûmam Bggo g§~§{YV Hw$N> Eogo H$X‘ CR>mò Jò h¡ Omo gwMmê$ ê$n go H$m`© H$a aho h¢ O¡go B©Amanr {gñQ>‘, B© Am°ŠeZ Ûmam ê$B© Ho$ Jm±R>m| d {~Zm¡bm {~H«$s, g‘` H$s Cn`mo{JVm Ho$ {bE dr{S>`mo H$m°Z’«|$qgJ d Vwa§V {ZU©` boZm, Ambon hoVw do~ EßbrHo$eZ, bmoH$ {eH$m`V EZB©E’$Q>r/ AmaQ>rOrEg Ûmam H¡$ebog boZXoZ BË`m{X &

4. {ZJ{‘V gm‘m{OH$ Xm{`Ëd (grEgAma) :

^mH${Z EH$ Eogm {dídñV g§JR>Z h¡, Omo gX¡d AnZr {ZJ{‘V gm‘m{OH$ Xm{`Ëd H$s Am¡nMm[aH$VmAm| H$mo nyU© H$aZo Ho$ {bE dMZ~Õ h¡ & Bg bú` Ho$ à{VnmXZ ‘| {ZJ‘ Zo {H$gmZ H$ë`mU, H$nmg H$s JwUdËVm ‘| d¥{Õ, ñdmñÏ` ‘o{S>H$b Ho$à, g¡ZrQ>oeZ, {ejU/gmjaVm {dH$mg, àmH¥${VH$ ñÌmoV H$m g§ajU, J«m‘rU {dH$mg BË`m{X joÌm| ‘| gh`moJ {H$`m h¡ & Bg df© Ho$ Xm¡amZ H$s JB© grEgAma J{V{d{Y`m± Bg àH$ma h¢ i) amOñWmZ amÁ` ‘| OmoYnwa, nmbr d {^bdm‹S>m {Obm| Ho$ 5 gaH$mar nmR>embmAm| ‘| aqZJ dm°Q>a H$s gw{dYm g{hV ~m{bH$mAmo Ho$ {bE em¡Mmb` H$m {Z‘m©U H$admZm; ii) ñdÀN> J§Jm {Z{Y VWm geñÌ ~b ÜdO {Xdg {Z{Y ‘| A§eXmZ H$aZm VWm iii) àmo`ŠVm CÚmoJ H$mo em{‘b H$aZo Ho$ gmW g§{dXmJV IoVr H$mo àmoËgm{hV H$aZo H$s nhb H$mo VWm V{‘bZmSy>, H$Zm©Q>H$, ‘Ü` àXoe Ho$ bJ^J 7500 h¡ŠQ>ña²


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meetings to increase production of ELS Cotton in about 7500 hectares area in the State Tamil Nadu, Karnataka & Madhya Pradesh.

During the year, your company has spent Rs. 32.44 lakhs towards CSR activities.

5. HUMAN RESOURCE MANAGEMENT:

Human Resource Management in your Corporation has been structured in such a way that it motivates the employees to maximize their performance and encourages employee empowerment for generation of innovative ideas and fair distribution of rewards. Cordial and harmonious industrial relations are maintained in your Corporation and no man days were lost due to any industrial unrest. During the year under report, total strength of your Corporation was787consistingof89officersand698unionizedstaff.Out of the total strength, there are 87 women employees comprising13womenofficersand74ofunionizedstaff.

Your Corporation continued to follow the policy guidelines of the Govt. of India in respect of the reservation of SC/ST/OBC/PH categories both in recruitment as well as promotion.YourCorporationeffectedrotationaltransferoffieldstaffandofficersperiodically.

6. CORPORATE GOVERNANCE:

Your Corporation believes that for a company to be successful, it must maintain global standards of corporate conduct towards all its stakeholders. Your Company believes that the principles of fairness, transparency and accountability are the key features for good governance. It is the Company’s endeavour to continue to achieve the highest levels of governance and to benchmark itself with the best governed companies in the similar trade.

7. VISION FOR FUTURE:

Your Corporation aims to achieve a significant marketshare by achieving excellence in all its activities. The focus is on existing core competency. With the help of a committed workforce, your Corporation is fully equipped to move swiftly forward by delivering exceptional outcomes to its stakeholders in its overall aim of building a strong and robust future. Although the competition in the cotton economy of the country has increased due to entry of multinational companies and other factors, the Corporation is fully prepared to face such challenges in the coming years by adopting prudent business policies.

joÌ ‘| B©EbEg H$nmg CËnmXZ ‘| d¥{Õ bmZo Ho$ {bE OmJê$H$ H$aZo go g§~§{YV ‘m{gH$ ê$n go ~¡R>Ho$ Am`mo{OV H$aZo Ho$ gmW {H$gmZ ‘obm| Ho$ ‘mÜ`‘ go H$nmg {H$gmZm| H$mo ào[aV H$aZm &

df© Ho$ Xm¡amZ grEgAma J{V{d{Y`m| ‘| AmnHo$ {ZJ‘ Zo 32.44 bmI ê$. H$m ì`` {H$`m &

5. ‘mZd g§gmYZ {dH$mg :

AmnHo$ {ZJ‘ ‘| ‘mZd g§gmYZ à~§YZ H$s Eogr ì`dñWm H$s JB© h¡ {Ogo H$‘©Mm[a`m| H$mo AnZm H$m`©{ZînmXZ XoZo H$s àoaUm {‘bZo Ho$ gmW gmW H$‘©Mm[a`m| H$mo AnZr Z`r `moOZmAm| na H$m`© H$aZo d nwañH$mam| Ho$ C{MV {dVaU H$mo àmoËgm{hV H$aVm h¡ & {ZJ‘ ‘| Am¡Úmo{JH$ g§~§Y gm¡hmX©nyU© ah| Am¡a {H$gr ‘mZd {Xdg H$s hm{Z Zht hwB© & [anmoQ>© Ho$ AYrZ df© ‘| AmnHo$ {ZJ‘ Ho$ H$‘©Mm[a`m| H$s Hw$b g§»`m 787 Wr {Og‘| 89 A{YH$mar VWm 698 `y{Z`ZmB©ÁS> H$‘©Mmar em{‘b h¡ & H$‘©Mm[a`m| H$s Hw$b g§»`m ‘| 87 ‘{hbm H$‘©Mmar em{‘b h¡ {Og‘| 13 ‘{hbm A{YH$marJU d 74 `y{Z`ZmB©ÁS> H¡$S>a h¡ &

AmnH$m {ZJ‘ ^Vu d nXmoÝZ{V XmoZm| Ho$ ‘m‘bm| ‘| AZw.Om/AZw.O.Om{V/AÝ` {nN>‹S>o dJ©/em.{d. Ho$ AZwajU Ho$ ~mao ‘| ^maV gaH$ma Ho$ Zr{V ‘mJ©Xe©Z H$m nmbZ H$a ahm h¡ & AmnHo$ {ZJ‘ Zo ’$sëS> H$‘©Mm[a`m| VWm A{YH$m[a`m| Ho$ g‘`-g‘` na amoQ>oeZb ñWmZm§VaU ^r {H$`o h¢ &

6. {ZJ{‘V emgZ :

AmnHo$ {ZJ‘ H$mo {dídmg h¡ {H$ EH$ H§$nZr H$mo g’$b hmoZo Ho$ {bE Bgo AnZo g^r ñQ>oH$ hmoëS>g© Ho$ à{V {ZJ{‘V AmMaU Ho$ d¡{œH$ ‘mZH$ ~ZmE aIZm Mm{hE & AmnHo$ {ZJ‘ H$m ‘mZZm h¡ {H$ {ZînjVm, nmaX{e©Vm VWm CËVaXm{`Ëd Ho$ {gÕm§V AÀN>o emgZ Ho$ ‘hËdnyU© gmonmZ h¢ & H§$nZr H$m `h à`mg h¡ {H$ emgZ Ho$ CÀMV‘ ñVa H$mo Omar aIm OmE° VWm Bgr Vah Ho$ Q´oS> H$s gd©loîR> H§$n{Z`m| ‘| AnZm EH$ ~|M‘mH©$ ~ZmE aIm OmE &

7. ^mdr n[aÑí` :

AmnHo$ {ZJ‘ H$m CÔoí` g^r J{V{d{Y`m| ‘| CËH¥$îQ>Vm àmßV H$aHo$ EH$ ‘hËdnyU© ~mOma {hñgoXmar hm{gb H$aZm h¡& ’$moH$g ‘m¡OyXm H$moa `mo½`Vm na h¡ & EH$ à{V~Õ H$m`©~b H$s ghm`Vm go AmnH$m {ZJ‘ EH$ ‘O~yV Am¡a geŠV ^{dî` Ho$ {Z‘m©U ‘| AnZo g§nyU© bú` Ho$ AgmYmaU n[aUm‘ àXmZ H$aHo$ VoOr go AmJo ~‹T>Zo Ho$ {bE nyar Vah gwgp‚mV h¡& hmbm§{H$ ~hþamîQ´r` H§$n{Z`m| Am¡a AÝ` H$maH$m| Ho$ àdoe Ho$ H$maU Xoe H$s H$nmg H$s AW©ì`dñWm H$s à{VñnYm© ‘| d¥{Õ hþB© h¡, {ZJ‘ {ddoH$nyU© ì`dgm{`H$ Zr{V`m| H$mo AnZmH$a AmZodmbo dfm] ‘| Eogr MwZm¡{V`m| H$m gm‘Zm H$aZo Ho$ {bE nyar Vah V¡`ma h¡ &

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8. ACKNOWLEDGEMENTS:

I take this opportunity to express my deep appreciation for the valuable support given by the members of the Board from time to time.

I also wish to place on record my sincere gratitude for the guidance and cooperation extended by Hon’ble Minister ofTextiles,Officials of theMinistry ofTextiles,Ministryof Finance, Ministry of Agriculture and the various State Governments.

I am also grateful for the valuable guidance by the MemberAudit Board,Mumbai, officials ofGovernmentAudit and Statutory Auditors in the course of audit of the Corporation for the year under review.

Sincere thanks are also due to the National Textile Corporation, Cooperative Spinning Mills and various mills in the private sector, who have covered their cotton requirements from the Corporation in cotton season 2017-18, thus, placing their faith in the quality, price competitiveness and services being rendered by the Corporation. Our sincere thanks are also due to the Confederation of Indian Textile Industries (CITI), Cotton Association of India (CAI), Central Warehousing Corporation (CWC), State Warehousing Corporations (SWC) for the cooperation extended to the Corporation.

I would also like to express my sincere and deep appreciation for the dedication, devotion and commitment withwhichthestaffandofficersoftheCorporationhaveworked during the period.

Thanking you,

Sd/-(DR. P. ALLI RANI)

CHAIRMAN-CUM-MANAGING DIRECTOR

Place : Navi MumbaiDate : 31st December, 2018

8. Am^ma :

‘¢ Bg Adga na {ZXoeH$ ‘§S>b Ho$ gXñ`m| Ûmam g‘`-g‘` na {XE JE Cn`moJr Ed§ ~hþ‘yë` gh`moJ Ho$ {bE Am^ma àH$Q> H$aZm MmhVr hÿ± &

‘¢ ‘mZZr` dó ‘§Ìr, dñÌ ‘§Ìmb` Ho$ A{YH$marJU, {dÎm ‘§Ìmb`, H¥${f ‘§Ìmb` Am¡a {d{^ÝZ amÁ` gaH$mam| Ho$ à{V ^r CZHo$ Ûmam {XE JE gh`moJ VWm ‘mJ©Xe©Z Ho$ {bE ^r Am^mar hÿ± &

g‘rjmJV df© Ho$ {bE {ZJ‘ Ho$ boIm| H$s narjm H$aVo g‘` {ZJ‘ Ho$ gXñ` boIm-narjm ~moS©>, ‘w§~B© Ûmam VWm gaH$mar boIm narjm A{YH$m[a`m| VWm gm§{d{YH$ boIm narjH$m| Ûmam {XE JE A‘yë` ‘mJ©Xe©Z Ho$ {bE ^r, ‘¢ CZH$s Am^mar hÿ± &

‘¢, amï´>r` dó {ZJ‘, ghH$mar pñnqZJ {‘bm| VWm {ZOr joÌ H$s {‘b| {OÝhm|Zo H$nmg ‘m¡g‘ df© 2017-2018 Ho$ Xm¡amZ AnZr Amdí`H$Vm AZwgma H$nmg H$s IarX H$s h¡ VWm Bg àH$ma JwUdÎmm, ‘yë`-à{VñnYm© Am¡a {ZJ‘ Ûmam Xr OmZodmbr godmAm| na {dœmg ~Zmò aIm h¡& maVr` dó CÚmoJ g§JR>Z (grAm`Q>rAm`), H$m°Q>Z Egmo{gEeZ Am°’$ B§{S>`m (grEAmB©), Ho$ÝÐr` ^§S>ma {ZJ‘ (grS>ãë`ygr), amÁ` ^§S>ma {ZJ‘ (EgS>ãë`ygr) Ûmam {ZJ‘ H$mo {XE JE gh`moJ Ho$ à{V ^r, ‘¢ hm{X©H$ Am^mar hÿ± &

Bg Ad{Y Ho$ Xm¡amZ {ZJ‘ Ho$ A{YH$m[a`m| Ed§ H$‘©Mm[a`m| Ûmam {Xò Jò g‘n©U, {Zð>m Am¡a dMZ~ÕVm nyU© godm Ho$ {bE ^r, ‘¢ hm{X©H$ Am^mar hÿ±²&

YÝ`dmX,

hñVm/-(S>m°. nr. Aëbr amZr)

AÜ`j Ed§ à~§Y {ZXoeH$

ñWmZ : Zdr ‘w§~B©{XZm§H$ : 31 {Xg§~a, 2018


16

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à{V

gXñ`JU,

^maVr` H$nmg {ZJ‘ {b{‘Q>oS>

AmnHo$ {ZXoeH$JU 31 ‘mM©, 2018 H$mo g‘má df© Ho$ {bE dm{f©H$ boIm| Ho$ gmW AmnHo$ {ZJ‘ Ho$ H$m`©-g§MmbZ na 48dt dm{f©H$ [anmoQ>© ghf© àñVwV H$aVo h¢, Omo {ZXoeH$ ‘§S>b Ûmam AZw‘mo{XV h¡ VWm boIm narjH$m| Ûmam CZH$s [anmoQ>© Ho$ gmW à‘m{UV h¡ &

1. H$nmg pñW{V

1.1 H$nmg ‘m¡g‘ 2017-18 (Aºy$~a,17 go {gV§~a, 18) H$s ‘w»`-‘w»` ~mV| ZrMo {X`o AZwgma h¢:

H$nmg ‘m¡g‘ 2017-18 (Aºy$~a,17 go {gV§~a,18) H$m Ama§^ 43.76 bmI Jm±R>m| Ho$ Adeof ñQ>m°H$ Ho$ gmW hþAm, Omo {‘b H$s 1/2 ‘mh H$s InV Ho$ {bE hr H$m’$s Wr & Xoe ‘| H$nmg joÌ ‘| g‘` na ‘mZgyZ hmoZo, ~wAmB© Ho$ g‘` H¥${f Obdm`w pñW{V AZwHy$b hmoZo, {nN>bo df© AÝ` à{VñnYm©Ë‘H$ ’$gbm| H$s VwbZm ‘| ~ohVa ‘yë` àmßV H$aZo VWm ^maV gaH$ma Ûmam H$nmg Ho$ Ý`yZV‘ g‘W©Z ‘yë` ‘| d¥{Õ Ho$ H$maU H$nmg Ho$ AYrZ joÌ’$b ‘| {nN>bo df© 108.26 bmI h¡ŠQ>g© Ho$ gm‘Zo 15% d¥{Õ Ho$ gmW `m{Z 124.44 bmI h¡ŠQ>g© Wm &

16 OyZ, 2018 H$mo Am`mo{OV H$nmg gbmhH$ma ‘§S>b (grE~r) H$s ~¡R>H$ ‘| {nN>bo H$nmg ‘m¡g‘ 2016-17 ‘| 345 bmI Jm±R>m| Ho$ H$nmg CËnmXZ Ho$ {dê$Õ 370 bmI Jm±R>m| H$m AZw‘mZ bJm`m J`m h¡ & VWm{n àM{bV H¥${f Obdm`w pñW{V`m| VWm ‘mH}$Q> [anmoQ>©g Ho$ AZwgma h Anojm H$s OmVr h¡ {H$ Xoe ‘| H$nmg CËnmXZ grE~r Ho$ AZw‘mZ H$s VwbZm ‘| 2% go 2.5% VH$ H$‘ hmoJm &

1.2 H$nmg ‘m¡g‘ 2017-18 Ho$ {bE ^maV gaH$ma Zo {nN>bo df© H$s VwbZm ‘| Ý`yZV‘ g‘W©Z ‘yë` ‘| bJ^J 160/- ê$. `m{Z bJ^J 4% H$s d¥pÜX H$s h¡& ‘r{S>`‘ ñQ>onb J«wn (24.5 E‘E‘ go 25.5 E‘E‘ ñQ>onb b|W 4.3 go 5.1 ‘mB©H«$moZo`a) ‘| E‘Egnr 3860/-ê$. à{V q¹$Q>b go 4020/-ê$. à{V q¹$Q>b H$s d¥pÜX hþB© VWm bm±J ñQ>onb J«wn (29.5 E‘E‘ go 30.5 E‘E‘ 3.5 go 4.3

To,

The Members,

The Cotton Corporation of India Limited

Your Directors have immense pleasure in presenting the 48th Annual Report on the working of your Corporation together with the Annual Accounts for the year ended 31st March, 2018, as approved by the Board of Directors and certifiedbytheAuditorsalongwiththeirreportthereon.

1. COTTON SITUATION

1.1 The highlights of the cotton season 2017-18 (Oct-17 to Sept-18) are as under:

Cotton season 2017-18 (i.e. Oct-17 to Sept-18) commenced with a carryover stock of 43.76 lakh bales, which was just enough to meet around 1 ½ month’s mill consumption. Due to timely onset of monsoon across the cotton belt in the country, favorable agro-climatic conditions at the time of sowing, better price realization in comparison to other competing crops during last year and increase in Minimum Support Price of cotton by the Government of India, the area under cotton increased by 15% to 124.44 lakh hectares as against 108.26 lakh hectares of previous year.

The Cotton Advisory Board (CAB) in its meeting held on 16th June, 2018 projected the cotton production at 370 lakh bales as against 345 lakh bales in 2016-17.However as per prevailing agro-climatic conditions and market reports, it is expected that the cotton production in the Country may remain less by 2% to 2.5% of CAB estimates.

1.2 For cotton season 2017-18, the Government

of India increased the Minimum Support Prices (MSPs) by Rs. 160/- i.e. around 4% in comparison to previous year. In medium staple group (24.5mm to 25.5mm staple length with mic 4.3 to 5.1), the MSP has been increased to Rs.4020/- per quintal from Rs.3860/- per quintal and in the case of long staple group (29.5mm to 30.5mm with mic. 3.5 to 4.3), the

df© 2017-18 Ho$ {bE {ZXoeH$ [anmoQ>©DIRECTOR'S REPORT FOR THE YEAR 2017-18

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‘mB©H«$moZoà) ‘| {nN>bo df© ‘| 4160/-ê$. à{V q¹$Q>b Ho$ gm‘Zo 4320 à{V q¹$Q>b d¥pÜX H$s JB© &

2. {dÎmr` n[aUm‘

2.1 g‘rjmYrZ df© Ho$ Xm¡amZ AmnHo$ {ZJ‘ Zo {nN>bo df© Ho$ 1853.46 H$amo‹S> ê$. Ho$ Q>Z©-Amoda Ho$ {dê$ÜX 1392.11 H$amo‹S> ê$. H$m Q>Z©-Amoda àmá {H$`m h¡ &

2.2 g‘rjmJV {dÎVr` df© Ho$ Xm¡amZ {dÎmr` n[aUm‘m| H$s ‘w»` ‘w»` ~mV| ZrMo {Xò AZwgma h¡:-

{ddaU 2017-18 2016-17

IarX (bmI Jm±R>m| ‘|) 10.77 00.95

Xoer {~H«$s (bmI Jm±R>m| ‘|) 03.97 08.19

Q>Z©-Amoda (H$amo‹S> ê$n`m| ‘|) 1392.11 1853.46

H$a Ho$ ~mX bm^/hm{Z (H$amo‹S> ê$nò ‘|)

09.33 (04.55)

2.3 [anmoQ>© Ho$ AYrZ df© ‘| AmnHo$ {ZJ‘ H$m Aënmd{Y F$U grEAmaB© E1+(EgAmo) (grEAmaB© E dZ ßbg (g§a{MV ~mÚVm) ahm h¡ `m{Z 25,000 H$amo‹S> ê$. H$s Aën Ad{Y ~¢H$ CYma Ho$ {bE Bg loUr ‘| Xr J`r CƒV‘ H«o${S>Q> aoqQ>J h¡, Omo Aënmd{Y F$U Xo`Vm na g‘` na ^wJVmZ Ho$ {bE Ñ‹T> j‘Vm {XImVr h¡ Am¡a Ý`yZV‘ F$U OmopI‘ aIVr h¡&

2.4 bm^m§e :

AmnHo$ {ZXoeH$m| Zo {dËVr` df© 2017-18 Ho$ Xm¡amZ 2.80 H$amo‹S> ê$. Ho$ bm^m§e H$s {g’$m[ae H$s h¡ & bm^m§e H$m ^wJVmZ H§$nZr H$s dm{f©H$ gm‘mÝ` ~¡R>H$ ‘| eoàYmaH$m| Ho$ AZw‘moXZ àmßV H$aZo Ho$ níMmV {H$`m OmEJm &

3. df© 2017-18 Ho$ Xm¡amZ H$nmg CËnmXZ VWm Cn^moJ:

370 bmI Jm±R> H$nmg CËnmXZ, 43.76 bmI Jm±R>o Adeof ñQ>m°&H$ VWm 15 bmI Jm±R>| AZw‘m{ZV Am`mV go H$nmg ‘m¡g‘ 2017-18 ‘| Hw$b CnbãYIVm 428.76 bmI Jm±R>| ahr O~{H$ {nN>bo df© `h 412.38 bmI Jm±R>| Wr& (ómoV: {XZm§H$ 16 OyZ, 2018 H$mo Am`mo{OV H$nmg gbmhH$ma g{‘{V H$s ~¡R>H$ (grE~r)

Xoe ‘| Hw$b H$nmg Cn^moJ ({‘b, N>moQ>r {‘b VWm {‘boVa Cn^moJ em{‘b h¡) H$m AZw‘mZ 315.50 bmI Jm°R>| bJm`m

same has been increased to Rs.4320/- per quintal as against Rs.4160/- per quintal during previous year.

2. FINANCIAL RESULTS

2.1 During the year under review, your Corporation could achieve a turnover of Rs.1392.11 crores as against the previous year’s turnover of Rs.1853.46 crores.

2.2 Thehighlightsofthefinancialresultsduringthefinancialyearunderreviewwereasfollows:

Particulars 2017-18 2016-17Purchase (in lakh bales) 10.77 00.95Domestic Sales (in lakh bales)

03.97 08.19

Turnover (in Rs. crores) 1392.22 1853.46

Profit/(Loss) After Tax (inRs. Crores)

09.33 (04.55)

2.3 During the year under report, your Corporation’s short term debt is rated CARE A1+(SO) [CARE A One Plus] (Structured Obligation) i.e. the highest credit rating assigned in this category for short term bank borrowings of Rs.25,000/- crores which signifies strong capacity for timely paymentof short term debt obligation and carry lowest credit risk.

2.4 Dividend:

Your Directors recommend dividend of Rs. 2.80 Crores, during financial year 2017-18.The dividend shall be paid after seeking approval of the stakeholders at the Annual General Meeting of the Company.

3. COTTON PRODUCTION AND CONSUMPTION DURING 2017-18.

With cotton production of 370 lakh bales, carryover stock of 43.76 lakh bales and estimated imports of 15lakh bales, the total availability in cotton season 2017-18 is estimated at 428.76 lakh bales as against 412.38 lakh bales in previous year.

(Source: Cotton Advisory Board (CAB) meeting dated 16th June 2018)

With total estimated cotton consumption in the country (including mill, small scale units and


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non-textile consumption) at 315.50 lakh bales and estimated exports of 70.00 lakh bales, total demand in cotton season 2017-18 has been estimated at 385.50 lakh bales as against 368.62 lakh bales in previous year. Thus, the carry over stock at the end of the cotton season 2017-18 i.e. on 30th September 2018, is estimated at 43.26 lakh bales as against 43.76 lakh bales in previous year. The cotton balance sheet as drawn by CAB is as follows:

Quantity in lakh bales of 170 kgs.

PARTICULARS CROP YEAR (Oct. to Sept.)2016-17 2017-18(P)*

SUPPLY

Opening stock 36.44 43.76Crop (Production) 345.00 370.00

Imports 30.94 15.00

TOTAL SUPPLY 412.38 428.76

DEMANDMill consumption 262.70 268.00S.S.I consumption 26.21 27.00

Non Textile consumption

21.50 20.50

Total consumption

310.41 315.50

Exports 58.21 70.00

TOTAL DEMAND 368.62 385.50

CARRY FORWARD

43.76 43.26

*(P)-Provisional Source: Cotton Advisory Board (CAB) meeting dated 16.6.2018 4. DOMESTIC PRICE TREND

Cotton prices in the global markets are largely influenced by the demand-supply situation in majorproducing and consuming countries like China, US etc. The opening prices of lint cotton (major cotton varieties) in the current cotton season were lesser by around 13% to 15% as compared to the opening prices of previous year.

In the beginning, cotton prices in India were under

J`m h¡ Am¡a 70.00 bmI Jm±R>m| Ho$ AZw‘m{ZV H$nmg {Z`m©V Ho$ gmW H$nmg ‘m¡g‘ 2017-18 ‘| H$nmg H$s Hw$b ‘m±J 385.50 bmI Jm°R>| ~Vm`r J`r h¡, O~{H$ {nN>bo df© `h 368.62 bmI Jm±R>| Wr & Bg àH$ma H$nmg ‘m¡g‘ 2017-18 Ho$ A§V ‘| `m{Z 30 {gV§~a, 2018 H$mo Adeof ñQ>m°H$ H$m AZw‘mZ 43.26 bmI Jm±R>o bJm`m J`m h¡, O~{H$ {nN>bo df© `h 43.76 bmI Jm±R>| Wm & H$nmg gbmhH$ma ‘§S>b Zo {ZåZmZwgma VwbZ-nÌ àñVwV {H$`m h¡:-

‘mÌm bmI Jm±R>m| ‘| 170 {H$.J«m. à{V Jm±R>

{ddaU ’$gb df© (AŠVy. go {gV§~a)

2016-17 2017-18(nr)*

Amny{V©

Ama§{^H$ ñQ>m°H$ 36.44 43.76

’$gb (CËnmXZ) 345.00 370.00

Am`mV 30.94 15.00

Hw$b Amny{V© 412.38 428.76

‘m§J

{‘b Cn^moJ 262.70 268.00

E.E.g.AmB©. Cn^moJ

26.21 27.00

Zm°Z-Q>oŠgQ>mBb Cn^moJ

21.50 20.50

Hw$b Cn^moJ 310.41 315.50

{Z`m©V 58.21 70.00

Hw$b ‘m§J 368.62 385.50

AmJo bm`m J`m 43.76 43.26

*(nr.)- àñVm{dV òmoV: H$nmg gbmhH$ma ‘§S>b (grE~r) H$s {X.16.06.2018 H$mo Am`mo{OV ~¡R>H$

4. Xoer ‘yë` àd¥{Îm :

{dœ ~mOma ‘| H$nmg ‘yë`m| na à‘wI CËnmXZ d InV H$aZodmbo Xoe O¡go MrZ, `y.Eg BË`m{X ‘| ‘m±J Amny{V© H$m H$m’$s à^md n‹S>m & dV©‘mZ H$nmg ‘m¡g‘ ‘| H$nmg ê$B© Ho$ Ama§{^H$ ‘yë` (‘w»` H$nmg {H$ñ‘|) {nN>bo df© Ho$ Ama§{^H$ ‘yë` H$s VwbZm ‘| bJ^J 13%-15% H$‘ Wo&

àma§^ ‘|, H$nmg CËnmXZ Ho$ AYrZ joÌ’$b ‘| {d{eîQ>

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C.C.I.

d¥{Õ Ho$ H$maU VWm {nN>bo df© H$s VwbZm ‘| CËnmXZ ‘| Ano{jV d¥{Õ Ho$ H$maU ^maV ‘| H$nmg H$s H$s‘Vo X~md ‘| Wr & VWm{n {Xg§~a 2017 go AÀN>r JwUdËVmdmbr H$nmg H$s H$‘ CnbãYVm Ho$ H$maU, {nN>bo df© H$s VwbZm ‘| {‘b Cn^moJ ‘| d¥{Õ VWm yEg-MrZ Q´oS> dma Ho$ H$maU r H$nmg H$s‘Vm| ‘| d¥{Õ hþB© &

‘m{gH$ Am¡gV go ê$B© H$s H$s‘V| Omo 36,000/- é. à{V H¢$S>r H$s a|O go 39,600/- é. à{V H¢$S>r na ahr Omo Aà¡b, 2018 Ho$ ‘mh ‘| H$nmg H$s‘Vm| ‘| 41,600/- à{V H¢$S>r go 42,600/- é.à{V H¢$S>r Ho$ ñVa VH$ d¥{Õ hþB© & AJñV , 2018 Ho$ A§V ‘| ‘m{gH$ Am¡gV ê$B© H$s H$s‘Vm| ‘| 46,000 à{V H¢$S>r ê$. go 47,800 à{V H¢$S>r ê$. AmJo d¥{Õ hþB© &

‘hËdnyU© {H$ñ‘m| Ho$ {bE H$nmg ê$B© ‘yë` (‘m{gH$ Am¡gV) H$s J{V ZrMo {XE AZwgma h¡ :

‘m{gH$ Am¡gV ê$B© ‘yë` (‘yë`-ê$.à{V H¢$S>r ñnm°Q>)

‘mh Oo-34 EM-4 Eg-6~ÝZr ~«÷m

Aºy$~a, 2017 36563 36900 38283 39611

Zd§~a, 2017 37149 37181 37859 38743

{Xg§~a, 2017 39159 39650 39030 40375

OZdar, 2018 41473 39989 40981 41821

’$adar, 2018 40575 39353 40715 40975

‘mM©, 2018 41355 41087 41961 42197

Aà¡b, 2018 41611 41540 42121 42650

‘B© 2018 42054 42704 42058 42950

OyZ, 2018 45275 45854 46204 46469

OwbmB©, 2018 46004 46550 47496 47312

AJñV, 2018 45905 46388 47716 47768

òmoV : H$m°Q>Z Egmo{gEeZ Am°’$ B§{S>¶m (grEAmB©) ‘w§~B©

5. {ZJ‘ Ho$ H$m`© H$bmn :

5.1 ^mH${Z H$s ^y{‘H$m :

• O~ H$^r H$nmg Ho$ ‘yë` gaH$ma Ûmam Kmo{fV g‘W©Z ‘yë` H$mo Ny>Zo bJ|, V~ {H$gr ^r ‘mÌmË‘H$ gr‘m Ho$ {~Zm g‘W©Z ‘yë` na H$m`© H$aZm &

• ^maVr` H$nmg {ZJ‘ Ho$ AnZo ñd`§ Ho$ OmopI‘ na dm{UpÁ`H$ IarX H$m`© H$aZm &

5.2 O~ H$^r C{MV Am¡gV JwUdËVm (E’$EŠ`y) H$nmg Ho$ àM{bV ‘yë` Ý`yZV‘ g‘W©Z ‘yë` ñVa go ZrMo {Ja OmVo h¢ V~ AmnH$m {ZJ‘ ^maV gaH$ma Ho$

pressure due to significant increase in area undercotton cultivation and expected increase in production in comparison to previous year. However, from December 2017, it started increasing due to probable low availability of good quality cotton, increase in mill use in comparison to previous year and also the US-China trade war.

The monthly average lint prices which were ruling in the range of Rs.36500/- per candy to Rs.39600/- per candy has increased to the level of Rs. 41600/- per candy to Rs. 42600/- per candy in the month of April 2018. Monthly average lint prices further increased to Rs. 46000/- per candy to Rs. 47,800/- per candy by the end of August 2018.

The movements of cotton lint prices (monthly average) for important varieties are as follows:

Monthly Average Lint (Prices in Rs. per candy spot)

Month J-34 H-4 S-6Bunny

BrahmaOctober, 2017 36563 36900 38283 39611

November, 2017 37149 37181 37859 38743

December, 2017 39159 39350 39030 40375

January, 2018 41473 41456 40981 41821

February, 2018 40575 40552 40715 40975

March, 2018 41355 41023 41961 42197

April, 2018 41611 40920 42121 42650

May, 2018 42054 42704 42058 42950

June, 2018 45275 45854 46204 46469

July, 2018 46004 46550 47496 47312

August, 2018 45905 46388 47716 47768

Source : Cotton Association of India, Mumbai

5. OPERATIONS OF THE CORPORATION:

5.1 Role assigned to CCI:

• To undertake price support operations wheneverthe market prices of kapas touch the support prices announced by the Government of India without any quantitative limit:

• To undertake commercial operations, only at CCI’sown risk.

5.2 As and when the prevailing kapas prices of Fair Average Quality (FAQ) grade falls below the Minimum Support Price (MSP) level, your Corporation undertakes MSP operations as


20

^m.H.{Z.

C.C.I.

{ZX}em| Ho$ AZwgma {d{^ÝZ EnrE‘gr `mS©>g VWm AÝ` A{Ygy{MV joÌm| ‘| H$nmg CËnmXH$m| Ûmam àñVm{dV E’$EŠ`y J«oS> H$s g§nyU© ‘mÌm H$s IarXr H$aVm h¡ & H$nmg ‘m¡g‘ 2017-18 Ho$ Xm¡amZ Ohm± ^r H$nmg ‘yë` Ý`yZV‘ g‘W©Z ‘yë` go ZrMo Amò dhm± na 23 AŠVy~a, 2017 go ^mH${Z Zo Ý`yZV‘ g‘W©Z ‘yë` Ho$ A§VJ©V IarXr H$m`© Ama§^ {H$`m &

àM{bV Xoer d A§VaXoer` ‘mH}$Q> n[aÑí` ‘| ‘mH}$Q> eoà ~‹T>mZo Ho$ CÔoí` go H$nmg ‘m¡g‘ 2017-18 Ho$ Xm¡amZ {ZJ‘ Ûmam dm°ë`y‘ ~oñS> ñQ´¡{Q>Or AnZmB© JB© VWm E‘Egnr n[aMmbZ Ho$ gmW gmW {ZJ‘ Zo Ohm° H$ht ^r g§^d hþAm V¡`ma Jm±R>m| H$s IarXr Ho$ gmW dm{UpÁ`H$ IarXr H$aZm Ama§^ {H$`m Vm{H$ E‘Egnr g§aMZm H$m Cn`moJ H$aVo hþE Hw$N> D$nar IM© H$mo dgyb {H$`m Om gHo$ & {OgHo$ n[aUm‘ñdê$n {ZJ‘ Zo dm{UpÁ`H$ IarXr n[aMmbZ Ho$ A§VJ©V H$nmg IarXr Ûmam ‘mH}$Q> ‘| àdoe {H$`m {Oggo H$nmg ‘yë` pñWa aho VWm g‘W©Z ‘yë` ñVa go D$na CR>o {OgHo$ n[aUm‘ñdê$n {H$gmZm| H$mo bm^ àmßV hþAm &

Mmby H$nmg ‘m¡g‘ 2017-18 Ho$ Xm¡amZ

{ZJ‘ 10.70 bmI Jm±R>o IarX H$aZo ‘| g‘W© hþAm (E‘Egnr Ho$ A§VJ©V 3.90 bmI Jm±R>o d dm{UpÁ¶H$ IarXr n[aMmbZ Ho$ A§VJ©V 6.80 bmI Jm±R>o).

5.3 g‘rjmYrZ df© Ho$ Xm¡amZ AmnHo$ {ZJ‘ Zo E‘EgE‘B© H$mo em{‘b H$aHo$ Xoer dñÌ CÚmoJ H$mo Šdm{bQ>r H$nmg H$s X¡{ZH$ Amdí`H$Vm H$mo nyU© H$aZo Ho$ {bE 31 ‘mM©, 2018 VH$ bJ^J 3.97 bmI Jm§R>m| H$m n[ag‘mnZ {H$`m & {X. 31 AJñV, 2018 H$mo {ZJ‘ Zo Hw$b 9.32 bmI Jm±R>m| H$m n[ag‘mnZ {H$¶m & {dÎmr` df© Ho$ Xm¡amZ AmnHo$ {ZJ‘ H$s I§S>dma {~H«$s H$m`©-{ZînmXZ ZrMo {Xò AZwgma ahm ;

(‘mÌm bmI Jm±R>m| ‘|)

2017-18Hw$b

{~H«$s H$m à{VeV

2016-17Hw$b

{~H«$s H$m à{VeV

EZQ>rgr 1.09 27.54 1.21 15.45

per the guidelines of Government of India and procures entire quantity of FAQ grade kapasofferedbythecottonfarmersinvariousAgricultural Produce Market Committee (APMC)yardsandothernotifiedareasatMSPrates. During cotton season 2017-18, CCI started procurement under MSP Operation w.e.f. 23rd October 2017 wherever the seed cotton prices gone below MSP level.

To increase in the market share in the prevailing domestic & International market scenario, a volume based strategy has been adopted during the cotton season 2017-18 and in addition to the procurement of cotton under MSP operation, the Corporation started simultaneous purchase under commercial operation both in kapas form as well as ready bales wherever viable in the branches so as to utilize the part of MSP infrastructure and to recover part of overhead expenses. As a result of CCI interference in the market by purchasing cotton under commercial operation, the cotton prices gradually became steady to firm and increased above thesupport price level and thereby farmers got benefitted.

During current cotton season 2017-18, the Corporation was able to procure 10.70 lakh bales (3.90 lakh bales under MSP + 6.80 lakh bales under commercial operation).

5.3 During the year under review, your Corporation could liquidate around 3.97 lakh bales up to 31st March, 2018 to domestic textile industry including MSMEs to cover their daily requirement of quality cotton. As on 31st August, 2018, the Corporation has liquidated total 9.32 lakh bales. The segment-wise sales performance of your Corporation during the financialyearwasasfollows:

(Quantity in lakh bales)

2017-18% of to

total sales

2016-17% of to

total sales

NTC 1.09 27.54 1.21 15.45

48 dt dm{f©H$ [anmoQ>© 2017-18

21


^m.H.{Z.

C.C.I.

EgQ>rgr/H$mo.Am°n.

0.22 05.47 0.53 06.77

{ZOr/ì`mnm[a`m|

2.66 66.99 6.09 77.78

Hw$b 3.97 100.00 7.83 100.00

5.4 H$nmg Q´>oS> H$mo ~T>mdm XoZo Ho$ BamXo go ^maV gaH$ma Zo Xoe go H$ƒo H$nmg Ho$ {Z¶m©V Ho$ {bE CXmarH$aU {H$¶m VWm Ago AmoOrEb Ho$ AYrZ aIm & AmnHo$ {ZJ‘ Zo ‘w»¶ Am¶mV H$aZo dmbo Xoem| O¡go {d¶VZm‘, WmBb¢S>, MrZ, ~§JbmXoe, nm{H$ñVmZ BË¶m{X Xoem| go {Z¶m©V H$s g§^mdZmE± ImoOZo Ho$ {bE ì¶mnm[aH$ ~mVMrV Ûmam à¶mg Omar aIo h¢ & Bg à¶moOZ Ho$ gmW AmnHo$ {ZJ‘ Zo {XZm§H$ 31 AJñV, 2018 H$mo ~m§½bmXoe H$mo 34,800 Jm±R>mo H$s {~H«$s H$s &

6. A§Vam©ï´>r` H$nmg pñW{V :

6.1 AmB©grEgr OZ©b, ""H$m°Q>Z {Xg ‘§W'' {XZm§H$ 01 AJñV, 2018 Ho$ AZwgma df© 2017-18 ‘| {dœ H$nmg joÌ’$b {nN>bo df© 29.87 {‘{b`Z h¡ŠQ>g© Ho$ gm‘Zo 16% d¥{Õ Ûmam 34.57 {‘{b`Z h¡ŠQ>a ahm & df© 2017-18 Ho$ {bE {dœ Am¡gV CËnmXZ JV df© 777 {H$bmo/h¡ŠQ>a H$s VwbZm ‘| 773 {H$bmo/h¡ŠQ>g© àjo{nV {H$`m J`m &

{dœ H$nmg CËnmhXZ ‘| JV df© `m{Z 2016-17 ‘| 23.07 {‘{b`Z Q>Ýg Ho$ gm‘Zo 26.87 {‘{b`Z Q>Ýg `m{Z bJ^J 16% d¥{Õ hþB© & {dœ H$nmg Cn^moJ JV df© 2016-17 ‘| 24.52 {‘{b`Z Q>Ýg H$s VwbZm ‘| 7.5% d¥{Õ na 26.38 {‘{b`Z Q>Ýg VH$ nhþ±MZo H$m àjo{nV {H$`m J`m h¡ &

{dœ ì`mnma ‘| bJ^J 11% d¥{Õ Ho$ gmW 9.08 {‘{b`Z Q>Ýg> d¥{Õ H$m AZw‘mZ h¡ & g§`wº$ amÁ` A‘o[aH$m {dœ {en‘|Q> Ho$ 39% AWdm 3.53 {‘{b`Z Q>Ýg go g~go ~‹S>m {Z`m©V H$aZo dmbm Xoe Ano{jV h¡ VWm ~m§½bmXoe {dœ§ Am`mV Ho$ ê$n ‘| 18% AWdm 1.67 {‘{b`Z Q>Ýg Am`mV go g~go ~‹S>m Am`mV H$aZo dmbm Xoe Ano{jV h¡ &

OwbmB© 2018 Ho$ A§V ‘| {dœ g‘má ñQ>m°H$ ‘| JV df© 2016-17 ‘| 18.80 {‘{b`Z Q>Ýg Ho$ gm‘Zo 3% d¥{Õ Ûmam 19.29 hmoZo H$m AZw‘mZ h¡ & VrZ dfm] Ho$ {bE A§Vaamï´>r` H$m°Q>Z VwbZ nÌ Ho$ ã`m¡ao ZrMo {XE AZwgma h¡:

STC/COOP/ MSME

0.22 05.47 0.53 06.77

PRIVATE/TRADERS

2.66 66.99 6.09 77.78

TOTAL 3.97 100.00 7.83 100.00

5.4 As a part of measures to boost cotton trade, the Government of India has liberalized raw cotton exports from the country and the same is under Open General License (OGL). Your corporationhascontinuedeffortsbyholdingtrade talks with major importing countries viz, Vietnam, Thailand, China, Bangladesh, Pakistan etc. to explore export possibilities. In this endeavor, as on 31st August 2018, your corporation has sold 34,800 bales to Bangladesh.

6. INTERNATIONAL COTTON SITUATION

6.1 As per ICAC Journal, “Cotton This Month” dated 1st August 2018, world cotton acreage in 2017-18 has increased by 16% to 34.57 million hectares as against 29.87 million hectares in previous year. The world average yield in 2017-18 is projected at 777 kgs/ hectare as against 773 kgs/hectare in 2016-17.

World cotton production has increased by 16% to 26.87 million metric tons as against 23.07 million metric tons in 2016-17. World cotton consumption is projected to increase by 7.5% to 26.38 million metric tons as against 24.52 million tons in 2016-17.

World trade is projected to increase by around 11% to 9.08 million tons. USA is the largest exporter accounting for 39%, or 3.53 million metric tons of world shipments and Bangladesh is expected to remain the largest importer accounting for 18%, or 1.67 million tons of world import.

World ending stocks at the end of July 2018 is estimated to increase by 3% to 19.29 million metric tons as against 18.80 million tons in 2016-17. International Cotton balance sheets for the last three years are as under:


22

^m.H.{Z.

C.C.I.

(‘mÌm {‘{b`Z ‘o{Q´H$ Q>Z ‘|)

{ddaU 2015-16 2016-17 2017-18*

{dœ H$m Ama§{^H$ ñQ>m°H$

22.96 20.31 18.80

{dœ CËnmXZ 21.48 23.07 26.87

{dœ Cn^moJ 24.14 24.52 26.38

{Z`m©V 7.53 8.18 9.08

Am`mV 7.57 8.12 9.08

{dœ H$m A§{V‘ ñQ>m°H$

20.31 18.80 19.29

ómoV : Am`grEgr (H$m°Q>Z {Xg gámh, 1 AJñV , 2018) * àjo{nV

6.2 A§Vaamï´>r` ‘yë` àd¥{Îm :-

A§Vaamï´>r` H$nmg ‘m¡g‘ 1 AJñV go Ama§^ hmoVm h¡ VWm 31 OwbmB© H$mo g‘má hmoVm h¡ & H$m°Q>bwH$ E gyMH$m§H$ Ho$ AZwgma A§Vaamï´>r` ê$B© ‘yë` 79.00 `yEggr/Eb~r na Ama§^ hþAm (ê$. 39,700 à{V H¢$S>r Ho$ g‘Vwë`r) & Bg‘| AJñV Ho$ A§{V‘ gámh go hr d¥{Õ Ama§^ hþB© Omo {gV§~a, 2017 Ho$ àW‘ gámh Ho$ Xm¡amZ 84.70 `yEggr/Eb~r (42,700/- ê$. à{V H¢$S>r Ho$ g‘Vwë`) Ho$ CƒV‘ ñVa VH$ nhþ±M J`m&

Aºy²$~a, 2017 Ho$ àW‘ gámh Ho$ Xm¡amZ H$m°Q>bwH$ E (ê$. 39,600 à{V H¢$S>r go 40,000 à{V H¢$S>r Ho$ g‘Vwë`) 77.60 `yEggr/Eb~r go 78.65 `yEggr/Eb~r H$s a|O na Wm & ‘mM©, 2018 ‘mh ‘| 90.00 `yEggr/Eb~r (46000 ê$. à{V H¢$S>r Ho$ g‘Vwë` ) Ho$ ñVa na ñne© hþAm& OyZ 2018 Ho$ Xygao gámh ‘| A~ VH$ Ho$ ‘m¡g‘ Ho$ CƒV‘ ñVa `m{Z 101.70 `yEggr/Eb~r (54000 à{V H¢$S>r ê$. Ho$ g‘Vwë`$ VH$ nhþ±M J`m) & OwbmB©, 2018 H$s g‘m{á na H$m°Q>bwH$ E 98.70 `yEggr/Eb~r (53,000 ê$. à{V H¢$S>r Ho$ g‘Vwë` ) Wm& A§Vaamï´>r` H$nmg df© 2017-18 88 `yEggr/Eb~rHo$ dm{f©H$ Am¡gV (47,350/-ê$. à{V H¢$S>r Ho$ g‘Vwë`) go 31 OwbmB©, 2018 H$mo g‘má hþAm & {nN>bo Xmo dfm] VWm Mmby df© Ho$ {bE ‘mhdma, df©dma Am¡gV H$m°Q>bwH$ E ZrMo {XE AZwgma h¡ :

(Quantity in Million MT)

Particulars 2015-16 2016-17 2017-18*

World beginning stock

22.96 20.31 18.80

World production 21.48 23.07 26.87World consumption 24.14 24.52 26.38

Exports 7.53 8.18 9.08

Imports 7.57 8.12 9.08

World ending stocks

20.31 18.80 19.29

Source: ICAC-“Cotton this month” dated August 1, 2018 *Projected

6.2 International price trend:-

International cotton season starts from 1st August and ends on 31st July. The opening International cotton prices in 2017-18, as measured by Cotlook A were 79.00 US C/lb (equivalent to Rs. 39700/- per candy). It started increasing from last week of August and reached to the highest level of 84.70 US C/lb (equivalent to Rs. 42700/- per candy) duringfirstweekofSeptember2017.

DuringfirstweekofOctober2017,CotlookAwas ruling in the range of 77.60 US C/lb to 78.65 US C/lb (equivalent to Rs. 39600/- per candy to Rs. 40,000 per candy). It touched the level of 90.00 US C/lb (equivalent to Rs. 46,000/- per candy) at the end of March 2018. It reached to the season’s highest level of 101.70 US C/lb (equivalent to Rs. 54,000/- per candy) during 2nd week of June 2018. At the end of July 2018, Cotlook A was 98.70 US C/lb (equivalent to Rs. 53,000/- per candy. International cotton year 2017-18 ended on 31st July 2018 with annual average of 88 US C/lb (equivalent to Rs. 47,350/- per candy). Month-wise, year-wise average Cotlook A for last two years and current year is given as follows:

48 dt dm{f©H$ [anmoQ>© 2017-18

23


^m.H.{Z.

C.C.I.

`yEg goÝQ²g à{V Eb~r ‘|

df© 2015-16 2016-17 2017-18

AJñV 71.93 80.04 79.34

{gV§~a 68.74 78.00 80.60

Aºy$~a 69.02 78.52 78.60

Zd§~a 69.22 78.92 80.39

{Xg§~a 70.35 79.46 85.42

OZdar 68.78 82.15 91.06

’$adar 66.57 85.13 88.27

‘mM© 65.46 86.75 92.14

Aà¡b 69.28 86.87 92.24

‘B© 70.28 88.63 94.48

OyZ 74.10 84.76 97.71

OwbmB© 81.06 84.09 96.18

df© Am¡gV 70.40 82.78 88.03òmoV : H$m°Q>bwH$

7. ^§S>maUJ¥h n[aga :

AmnHo$ {ZJ‘ Ho$ nmg {Z`m©V à`moOZ Ho$ {bE Jm±R>m| Ho$

^§S>maU hoVw H$b§~mobr ‘| {Z{‘©V EH$ ^§S>maU J¥h n[aga

h¡ & g‘rjmJV df© Ho$ Xm¡amZ {ZJ‘ Ûmam Zdr ‘w§~B© pñWV

nmoQ>© go ê$B© Ho$ {Z`m©V H$mo XoIVo hþE EH$ JmoXm‘ H$s ^§S>maU

j‘Vm H$mo, {Og‘| Xmo H§$nmQ>©‘oÝQ> h¡, {Z`m©V à`moOZ Ho$ {bE

A{^{MpÝhV H$a {X`m h¡& O~{H$ eof j‘Vm à{VgnYu Xam|

na dm{UpÁ`H$ Cn`moJ na brO na XoZo Ho$ {bE à`mg {H$E

h¡ VWm 2.91 H$amo‹S> ê$. VH$ amOñd A{O©V {H$`m h¡, O~{H$

{nN>bo df© `h 2.12 H$amo‹S> ê$. H$m amOñd Wm &

^§S>maU H$s Cn`mo{JVm d amOñd ‘| d¥{Õ H$aZo Ho$ {bE {ZJ‘ ^§S>maU n[aga H$m n[aMmbZ, aIaImd VWm à~§YZ Ho$ AmYma na XoZo H$s à{H«$`mYrZ h¡ &

8. {ZJ{‘V gm‘m{OH$ Xm{`Ëd (grEgAma)

AmnHo$ {ZJ‘ Zo {dËVr` df© 2017-18 Ho$ Xm¡amZ grEgAma Ho$ A§VJ©V {ZåZ{bpIV J{V{d{Y`m± H$s VWm 32.44 bmI ê$. ì`` {H$`m :

• geñÌ ~b Ho$ g¡{ZH$m|, dm°a {dS>mo VWm CZHo$ Am{lVm| Ho$ {hVm| Ho$ {bE geñÌ ~b ÜdO {Xdg {Z{Y ‘| 5 bmI ê$. H$m A§eXmZ {X`m h¡ &

• ñdÀN> J§Jm {Z{Y ‘| 2.19 bmI ê$. H$m A§eXmZ {X`m h¡ &

Cotlook A in US Cents per lb

Month 2015-16 2016-17 2017-18August 71.93 80.04 79.34

September 68.74 78.00 80.60October 69.02 78.52 78.60November 69.22 78.92 80.39December 70.35 79.46 85.42January 68.78 82.15 91.06February 66.57 85.13 88.27March 65.46 86.75 92.14April 69.28 86.87 92.24May 70.28 88.63 94.48June 74.10 84.76 97.71July 81.06 84.09 96.18Yearly Avg. 70.40 82.78 88.03

Source: Cotlook

7. WAREHOUSING COMPLEX:

Your Corporation is having warehousing complex at Kalamboli constructed for storage of bales meant for export purpose. During the year under review, looking to the opportunities for export of cotton by the Corporation from Navi Mumbai ports, storage capacity of only one godown comprising two compartments had been earmarked for export purpose and for balance capacity, Kalamboli branchmadeallouteffortstoleaseoutthesameforcommercial utilization at competitive rates and has generated revenue to the tune of around Rs.2.91 crores as against Rs.2.12 crores generated in previous year.

In order to increase utilization and revenues, the Corporation is under process to give the complex on operation, maintenance & management basis.

8. CORPORATE SOCIAL RESPONSIBILITY (CSR)

Your Corporation has undertaken following activities under CSR and spend total Rs. 32.44 lakhs during F.Y. 2017-18:

• Contribution of Rs. 5 lakhs in Armed Forces Flag DayFundforthebenefitofarmedforcesveteran,war widows and the dependents.

• ContributionofRs.2.19lakhtoCleanGangaFund.


24

^m.H.{Z.

C.C.I.

• àmo`ŠVm CÚmoJ H$mo em{‘b H$aZo Ho$ gmW g§{dXmJV IoVr H$mo àmoËgm{hV H$aZo H$s nhb H$mo VWm V{‘bZmSy>, H$Zm©Q>H$, ‘Ü` àXoe Ho$ bJ^J 7500 h¡ŠQ>g© joÌ ‘| B©EbEg H$nmg CËnmXZ ‘| d¥{Õ bmZo Ho$ {bE OmJê$H$ H$aZo go g§~§{YV ‘m{gH$ ê$n go ~¡R>Ho$ Am`mo{OV H$aZo Ho$ gmW {H$gmZ ‘obm| Ho$ ‘mÜ`‘ go H$nmg {H$gmZm| H$mo ào[aV {H$`m J`m & Bg na Hw$b 12.13 bmI ê$n`o ì`` hþAm &

• amOñWmZ amÁ` ‘| OmoYnwa, nmbr d ^rbdm‹S>m {Obm| ‘| aqZJ dmQ>a H$s gw{dYm Ho$ gmW 5 gaH$mar ñHy$bm| ‘| ~m{bH$mAm| Ho$ {bE em¡Mmb` ~ZdmZo H$m H$m`© {H$`m {Og na Hw$b 13.12 bmI ê$. H$m IM© hþAm&

9. ‘mZd g§gmYZ {dH$mg :

[anmoQ>© Ho$ AYrZ df© ‘| AmnHo$ {ZJ‘ Ho$ df© Ho$ Xm¡amZ H$‘©Mm[a`m| H$s Hw$b g§»`m 31 ‘mM©, 2018 H$mo 787 Wr, {Og‘| 89 A{YH$mar VWm 698 `y{Z`ZAmB©ÁS> H$‘©Mmar em{‘b h¡, O~{H$ {nN>bo df© Hw$b g§»`m 839 Wr & 787 Hw$b H$‘©Mm[a`m| ‘| go 87 ‘{hbm H$‘©Mmar h¡ {OZ‘| 13 ‘{hbm A{YH$mar, 74 ‘{hbm `y{Z`Z H¡$S>a H$s h¡ & [anmoQ>© Ho$ AYrZ df© ‘| AmnHo$ {ZJ‘ Zo 5 dfm] go [aŠV n‹S>o 321 nXm| H$mo g‘{n©V H$a {X`m h¡, A~ `y{Z`ZmB©ÁS> H¡$S>a Ho$ H$‘©Mm[a`m| H$s g§emo{YV ‘§Oyar 1022 VWm A{YH$m[a`m| H$s 164 ‘§Oyar Ho$ gmW Hw$b 1186 H$‘©Mmar hm|Jo & AmnH$m {ZJ‘ ^Vu Am¡a nXmoÞ{V XmoZm| Ho$ ‘m‘bm| ‘| AZw.Om./ AZw.O.Om./AÝ` {nN>‹S>o dJ©/em.{d. Ho$ AmajU Ho$ ~mao ‘| ^maV gaH$ma Ho$ Zr{V ‘mJ©Xe©Z H$m AZwnmbZ H$a ahm h¡& {X.31.3.2018 H$mo Hw$b H$‘©Mm[a`m| ‘| go AZw.Om. Ho$ 163 (20.71%) H$‘©Mmar, AZw. OZ.Om. Ho$ 29 (3.68%) H$‘©Mmar VWm AÝ` {nN>‹S>o dJ© Ho$ 152(19.31%) VWm nrS>ãë`yS>r Ho$ 20 (2.54%) h¡ & AZw.Om./AZw.O.Om./AÝ` {nN>‹S>o dJ© /em.{d. Ho$ {bE g§nH©$ A{YH$mar AmnHo$ {ZJ‘ Ho$ AZw.Om./ AZw.O.Om./ AÝ` {nN>‹S>o dJ©/ em.{d.Ho$ H$‘©Mm[a`m| Ho$ {hV H$s ajm Ho$ {bE à~§YZ H$mo ghm`Vm XoVo aho h¡ & g‘rjmYrZ Ad{Y ‘| AmnHo$ {ZJ‘ Zo 2 H${ZîR> ghm`H$ VWm 3 ‘|Q>oZoÝg ñQ>m’$ H$s {Z`w{º$ H$s h¡ & AmnHo$ {ZJ‘ Zo ’$sëS> H$‘©Mm[a`m| VWm A{YH$m[a`m| Ho$ amoQ>oeZb ñWmZm§VaU ^r {H$`o h¢ &

AmnH$m {ZJ‘ {dH$bm§JVm A{Y{Z`‘ 1995 Ho$ H$m`m©Ýd`Z Ho$ àmdYmZ {deofV: {dH$bm§J ì`{º$`m| Ho$ {bE [a{º$`m| Ho$ AmajU H$s Ymam 33 Ho$ H$m`m©Ýd`Z H$m AZwnmbZ H$a ahm h¡& My§{H$ AmnHo$ {ZJ‘ Ho$ H$m`©-H$bmnm| ‘| ’$sëS> H$m`©-H$bmn em{‘b h¢, {Og‘| emar[aH$ j‘Vm H$s ~hþV Amdí`H$Vm hmoVr h¡, emar[aH$ {dH$bm§J ì`{º$`m| Ho$ {bE {Z`w{º$ H$m joÌ ~hþV hr gr{‘V hmo OmVm h¡ & Bg àH$ma H$s gr‘mAm| Ho$ ~mdOyX AmnHo$ {ZJ‘ ‘| dV©‘mZ ‘| 20 emar[aH$ {dH$bm§J ì`{º$ H$m`©aV h¢&

• Took initiative to encourage contract farming involving user industry and motivated the cotton farmers through kisan melas along with monthly awareness meetings to increase production of ELS Cotton in about 7500 hectares area in the State Tamil Nadu, Karnataka & Madhya Pradesh. Total expenditure was Rs. 12.13 lakhs.

• Construction of Girls Toilets with running waterfacility in fiveGovt. Schools in Jodhpur, Pali andBhilwara districts in the State of Rajasthan. Total expenditure was Rs. 13.12 lakhs.

9. HUMAN RESOURCE DEVELOPMENT : The existing strength of your Corporation during the

year under report was 787 as on 31st March, 2018 consistingof89officersand698unionizedstaffascompared to the total strength of 839 employees during the last year. Out of the total strength of 787 employees, there are 87 women employees comprising13womenofficersand74ofunionizedstaff.Duringtheyearunderreportyourcorporationhas surrendered 321 post which were lying vacant for last 5 years, the revised sanction strength in case ofunionizedcadrewillbe1022andforofficeritwillbe 164 totaling to 1186. Your Corporation continued to follow the policy guidelines of the Govt. of India in respect of the reservation of SC/ST/OBC/PH categories both in recruitment as well as promotion. As on 31st March, 2018, out of the total strength, the strength of SC employees is 163 (20.71%), ST employees are 29 (3.68%), OBC employees are 152 (19.31%) and PwD employees are 20 (2.54%). TheliaisonofficerforSC/ST/OBC/PHcontinuedtofunction to safeguard the interest of SC/ST/OBC/PH employees of Your Corporation. During the period under review Your Corporation had recruited 02JuniorAssistants&03Maintenancestaff.YourCorporationeffectedrotationaltransferoffieldstaffandofficersperiodically.

Your Corporation is observing the provisions of implementation of the Persons with Disabilities Act 1995, especially on implementation of Section 33 of reservation of vacancies for persons with disabilities. As the work of Your Corporation involves afieldoperation–which requiresa lot ofphysicalexertion –the scope for employment of physically handicapped person is extremely limited. Despite such limitation Your Corporation has presently strength of 20 physically handicapped persons.

48 dt dm{f©H$ [anmoQ>© 2017-18

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AmnHo$ {ZJ‘ Ûmam df©, 1975-76 ‘| Ama§^ H$s JB© à~§YZ ì`dñWm ‘| H$‘©Mm[a`m| H$s gh^m{JVm `moOZm {ZJ{‘V Am¡a emIm XmoZm| ñVam| na ghO ê$n go Mb ahr h¡ & {ZJ‘ ‘| Am¡Úmo{JH$ g§~§Y gm¡hmX©nyU© aho Am¡a {H$gr ‘mZd {Xdg H$s hm{Z Zht hþB© h¡ &

10. {dXoer Xm¡ao :

g‘rjmYrZ df© ‘| AmnHo$ {ZJ‘ Zo A{YH$m[a`m| Ho$ {dXoe Xm¡ao na 3.49 bmI ê$ IM© {H$ò, Omo H$µOH$ñVmZ, AO~o{H$ñVmZ VWm ~m§½bmXoe ‘| ^maVr` H$nmg {ZJ‘ Ho$ ‘m’©$V Xm¡ao na Wo &

11. gyMZm A{YH$ma A{Y{Z`‘, 2005 :

H$m{‘©H$, bmoH$ {eH$m`V VWm noÝeZ ‘§Ìmb` Ûmam Omar ‘mJ©Xe©Zm| Ho$ AmYma na dó ‘§Ìmb`, ^maV gaH$ma, ZB© {X„r go àmá AZwXoem| Ho$ AZwgma AmnHo$ {ZJ‘ Zo ‘¡Ý`wAb g§J«hU/àH$meZ, Ho$ÝÐr` gmd©O{ZH$ gyMZm A{YH$mar Am¡a Ho$ÝÐr` ghm. gmd©O{ZH$ gyMZm A{YH$m[a`m| H$s {Z`w{º$, A{Y{Z`‘ Ho$ àmdYmZm| H$mo bmJy H$aZo Ho$ {bE {Z`‘ V¡`ma H$aZo VWm àËòH$ bmoH$ àm{YH$mar go àmá AZwamoYm| na H$ma©dmB© Ho$ {bE Am§V[aH$ nÜX{V H$mo ñQ´r‘bmB©Z H$aZo Ho$ ~mao ‘| H$ma©dmB© H$s h¡&

gyMZm A{YH$ma A{Y{Z`‘ H$s {V‘mhr [anmoQ>© H$mo dó ‘§Ìmb` Ho$ {X. 08 OyZ, 2011 Ho$ nÌ Ho$ {ZXoe Ho$ AZwgma {ZJ‘ H$s do~gmB©Q> Ho$ gmW-gmW Ho$ÝÐr` gyMZm Am`moJ (grAmB©gr) H$s do~gmB©Q> na {Z`{‘V ê$n go AnbmoS> H$s OmVr h¡ &

12. gVH©$Vm g§aMZm VWm J{V{d{Y`m± - 2017-18:

12.1 AmnHo$ {ZJ‘ Ho$ gVH©$Vm H$moîR> Ho$ àYmZ, ‘w»¶ gVH©$Vm A{YH$mar h¡ {OZHo$ gmW ‘w»¶mb¶ ‘| ‘hm à~§YH$ VWm Cn ‘hm à~§YH$ Am¡a emIm H$m¶m©b¶m| ‘| à~§YH$/Cn à~§YH$ H$m¶©aV h¡§ &

12.2 ‘w»` gVH©$Vm A{YH$mar VWm ‘w»`mb`/emImAm| ‘| V¡ZmV AÝ` A{YH$m[a`m| Zo AmH$pñ‘H$ Om±M/{ZarjU {H$E &

12.3 {eH$m`V| : df© Ho$ Xm¡amZ gVH©$Vm gob ‘| 6 {eH$m`V| àmá hþB© & {nN>bo df© go 16 {eH$m`V| AmJo bm`r J`t & 31.03.18 H$mo 22 {eH$m`Vm| ‘| go Om±M n‹S>Vmb Ho$ nümV 5 ‘m‘b| ~§X {H$ò Jò VWm 17 ‘m‘bo Om±M n‹S>Vmb/A§{V‘ {ZU©` hoVw b§{~V h¢ &

The Scheme for workers participation in the Management introduced by Your Corporation since 1975-76 continues to function smoothly, both at the corporate level and at the branches. The industrial relation in Your Corporation continued to remain very cordial and there was no loss of man-days.

10. FOREIGN TOUR : During the year under Review, Rs. 3.49 lakhs

was spent on foreign tour for the officials of yourCorporation for visit to Kazakhstan, Uzbekistan and Bangladesh on behalf of CCI.

11. RIGHT TO INFORMATION ACT, 2005 : In accordance with the instructions received from

the Ministry of Textiles, Government of India, New Delhi, based on the guidelines issued by the Ministry of Personnel, Public Grievances and Pensions, your Corporation has taken action regarding compilation/ publishing of manuals, appointments of Central Assistant Public Information Officers, framing therulesforgivingeffecttotheprovisionsoftheActandinternal procedures to streamline the channel for dealing with requests received by each Central Public InformationOfficer.

The Quarterly Report of RTI is uploaded regularly on the website of the Corporation and also uploaded on the website of Central Information Commission (CIC) as instructed by the Ministry of Textiles vide its letter dated 8th June, 2011.

12. VIGILANCE SET-UP AND ACTIVITIES 2017-18 :

12.1 The Vigilance Cell of the Corporation is headed byaChiefVigilanceOfficerassistedbyGeneralManager/Dy. General Manager at the Head Office and Managers/ Dy. Managers in theBranches.

12.2 The Chief Vigilance Officer and other officialsposted at Head Office/Branches conductedSurprise Checks/Inspections.

12.3 Complaints: The Vigilance cell in all received 6 complaints during the year. 16 complaints were brought forward from the previous year. Out of 22 complaints, 5 cases were closed after investigation and balance 17 cases are pending forinvestigation/finaldecisionason31.03.2018.


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12.4 {d^mJr` Om§M :

(i) ~‹S>o XÊS> H$s H$m`©dm{h`m± :

JV df© go ~‹S>o X§S> H$s H$ma©dmB© Ho$ 29 ‘m‘bo AmJo bmò Jò VWm df© Ho$ Xm¡amZ gVH©$Vm H$moð> Ûmam 5 ‘m‘bo na H$ma©dmB© H$s JB© & df© Ho$ Xm¡amZ 30 ‘m‘bo {ZnQ>mE JE & {X.31.3.2018 H$mo eof 4 ‘m‘bm| ‘| {d^mJr` H$m`©dmhr d AZwemg{ZH$ àm{YH$aU Ho$ {ZU©` H$s H$ma©dmB© Omar h¡ &

(ii) N>moQ>o X§S> H$s H$m`©dm{h`m±:

H$moB© b§{~V ‘m‘bo Zht h¡ &

12.5 {Zb§~Z:

{X.12.06.2015 go 1 `y{Z`ZmB©ÁS> H$‘©Mmar {Zb§~ZmYrZ h¢ &

12.6 gr~rAmB© Ûmam ImoOo Jò ‘m‘bo :

g‘rjmYrZ Ad{Y Ho$ Xm¡amZ gr~rAmB© Ûmam 6 A{YH$mar Ho$ {dê$ÜX 3 ‘m‘bo XO© {H$ò Jò & 13 A{YH$m[a`m| Ho$ {dê$Õ gr~rAmB© Ûmam 12 ‘m‘bo XO© {H$E JE VWm JV df© go AmJo bmò JE& 15 ‘m‘bm| ‘| N>: A{YH$m[a`m| Ho$ {dê$Õ Mma ‘m‘bo ~§X {H$E JE VWm EH$ ‘m‘bo ‘| gr~rAmB© Ûmam H$moB© H$ma©dmB© Zht H$s {g’$m[ae H$s JB©&

AV: {XZm§H$ 31.3.2018 H$mo gr~rAmB© Ho$ nmg 12 A{YH$m[a`m| Ho$ {dê$Õ Hw$b 11 ‘m‘bo b§{~V h¢&

12.7 {ZdmaH$ gVH©$Vm Am¡a Ho$.g.Am. Ho$ {Xem{ZX}e:

1. df© Ho$ Xm¡amZ gVH©$Vm qdJ H$mo àmßV {ZXoemZwgma ^mH${Z H$‘©Mm[a`m| hoVw {ZdmaH$ gVH©$Vm J{V{d{Y`m| Ho$ EH$ {hñgo Ho$ ê$n ‘| AÝ` AZw^mJm| Ho$ gh`moJ go "'Š`m H$ao d Š`m Z H$a|'' ‘¡Ý`yAëg V¡`ma {H$`m J`m& Omo {ZJ‘ Ho$ {Z`‘ d {d{Z`‘ Ho$ V¡`ma g§X^© H$m EH$ AÀN>m gmonmZ hmoJm {Oggo do AnZo H$m`m] H$mo erK« d à^mdembr T>§J go {Zdm©h H$a gHo$&

2. gVH©$Vm Šbrà§g XoZo Ho$ {bE AmB© Q>r Ho$ gh`moJ go Am°ZbmBZ nÕ{V {dH${gV H$s JB© h¡ & ~¢H$E§S> So>Q>m bJmVma AÚVZ {H$`m OmVm h¡ VWm Bg gw{dYm go {dOrb§g Šbrà§g erK« Omar H$aZo ‘| AmgmZr hmoJr&

3. gVH©$Vm H$mo Am¡a A{YH$ gwÑ‹T> ~ZmZo Ho$ {bE grgrAmB© ñQ>m°H$ H$s gwajm Ho$ {bE {ZåZ

12.4 Departmental Enquiries:

(i) Major Penalty Proceedings: 29 cases of major penalty proceedings

were carried forward from previous year and 5 cases instituted during the year were dealt with by the Vigilance Cell. During the year 30 cases were disposed off and departmental proceedings/decision of Disciplinary Authority are in process for the remaining 4 cases as on 31.03.2018.

(ii) Minor Penalty Proceedings:

There are no pending cases.

12.5 Suspension:

One unionized Staff is under suspensionw.e.f. 12.06.2015.

12.6 Cases detected by CBI:

During the period under review, 3 cases were registered by theCBI against 6 officials. 12casesregisteredbytheCBIagainst13officialswere carried forward from the previous year. Out of 15 cases, 4 cases against 6 officialswere closed & in one case CBI recommended noactionagainst1official.

Hence as on 31.03.2018, total ELEVEN CBI casesagainstTWELVEofficialsarepending.

12.7 Preventive Vigilance and CVC Guidelines:

1. During the year the vigilance wing was directed to bring out a comprehensive “Dos and Don’ts Manual” for the employees of CCI with the help of other departments, as a part of preventive vigilance activities and which will serve as a good ready reference for rules and regulations of the organization for them and help in effective and promptdischarge of their duties.

2. With the help of IT, evolved an online system for giving vigilance clearance. The backend data is updated continuously and this facility will enable expeditious issue of clearance.

3. For further strengthening of the Vigilance Set-up and for safety and security of

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gwYmamË‘H$ Cnm` {bò Jò :-

(i) {Z`§ÌH$/gd}jH$ A{YH$m[a`m| H$mo gbmh Xr J`r h¡ {H$ Ohm± Amdí`H$ hmo gwYma Ho$ Cnm`m| Ho$ Ûmam H$m`©-nÜX{V ‘| gwYma Ho$ {bE emIm H$m`m©b`m| VWm Ho$ÝÐm| Ho$ Xm¡am| ‘| d¥pÜX H$s OmE²&

(ii) emIm/Ho$ÝÐm| H$mo Ho$ÝÐr` gVH©$Vm Am`moJ Ho$ {Xem{ZX}e VWm ‘w»`mb` Ho$ {Xem {ZX}e Ho$ AZwgma IarX, g§gmYZ, Vm¡b Am{X H$m`© C{MV Am¡a nmaXeu ê$n go H$aZo Ho$ {bE H$hm J`m &

4. IarXr :

• Ho$db {H$gmZm| go EnrE‘gr/EnrE‘gr Ûmam Kmo{fV `mS©>g Ho$ ‘mÜ`‘ go IarX Ho$ {bE g»V {Xem{ZX}e Omar {H$E JE &

• {ZYm©[aV ‘mZX§S>mo Ho$ AZwgma H$nmg H$s JwUdËVm Ho$ aIaImd Ho$ {bE AZwXoe Omar {H$E JE &

13. qhXr H$m àJm‘r à`moJ :

amO^mfm Ho$ àJm‘r à`moJ H$s {Xem ‘| AmnHo$ {ZJ‘ Zo df© 2017-18 Ho$ {bE amO^mfm {d^mJ, J¥h ‘§Ìmb`, ^maV gaH$ma Ûmam Omar dm{f©H$ H$m`©H«$‘ ‘| {ZYm©[aV g^r bú`m| H$mo àmßV {H$`m h¡ & {ZJ‘ H$mo "'I'' joÌ ‘| pñWV gmd©O{ZH$ CnH«$‘m| H$s loUr ‘| df© 2016-17 Ho$ Xm¡amZ qhXr Ho$ H$m`m©Ýd`Z ‘| H$s JB© àJ{V Ho$ {bE 14 {gV§~a, 2017 H$mo ‘hm‘{h‘ amîQń{V Ûmam amO^mfm H$s{V© nwañH$ma ({ÛVr`) go gå‘m{ZV {H$`m J`m & {ZJ‘ H$mo amîQ´r` ñVa H$m `h nwañH$ma 25dt ~ma àmßV H$aZo H$m Jm¡ad {‘bm h¡ &

BgHo$ Abmdm {ZJ‘ H$mo df© 2016-17 Ho$ Xm¡amZ gmd©O{ZH$ CnH«$‘m| (N>moQ>o CnH«$‘m|) H$s loUr ‘| gdm©{YH$ H$m‘H$mO qhXr H$aZo Ho$ {bE ‘w§~B© ‘hmZJa H$s gwà{gÕ gm{hpË`H$ Amerdm©X g§ñWm Ûmam Amerdm©X ñ‘¥{V {MÝh² Ed§ Amerdm©X Mb d¡O`§Vr amO^mfm erëS> àW‘ nwañH$ma go gå‘m{ZV {H$`m J`m &

df© 2016-17 Ho$ Xm¡amZ amO^mfm qhXr Ho$ loîR> H$m`m©Ýd`Z Ho$ {bE g§~§{YV ZJa amO^mfm H$m`m©Ýd`Z g{‘{V (ZamH$mg) Ûmam {ZJ‘ Ho$ ‘w»`mb` d em.H$m. Ah‘Xm~mX H$mo {ÛVr` nwañH$ma Am¡a em. H$m. Am¡a§Jm~mX d em.H$m. hþ~br H$mo àW‘ nwañH$ma Ed§ àepñV nÌ go gå‘m{ZV {H$`m J`m VWm emIm H$m`m©b` ~qR>S>m H$mo Ho$ÝÐr` gaH$mar H$m`m©b`m| ‘| gd©loîR> H$m`m©b` H$s amO^mfm erëS> go gå‘m{ZV {H$`m J`m &

BgHo$ gmW hr df© 2016-17 Ho$ Xm¡amZ gd©loîR> J¥h n{ÌH$m "amO^mfm apí‘' Ho$ àH$meZ Ho$ {bE Zdr ‘w§~B© ZJa amO^mfm H$m`m©Ýd`Z g{‘{V (ZamH$mg) Ûmam {ZJ‘ Ho$ ‘w»`mb` H$mo {ÛVr` nwañH$ma àXmZ {H$`m J`m &

CCI’s stock, following actions were taken:-

(i) Controlling/supervisory Officers wereadvisedtoenhancetourstoBranchOfficeand its centers for improving the system by taking corrective steps wherever required.

(ii) Branch/Centers were emphasized to do the procurement, processing, weighment etc. in fair and transparent manner and according to the CVC guidelines and H.O. instructions.

4. Procurement:-

• StrictguidelineswereissuedforprocurementthroughAPMC/APMC declared yards only from farmers.

• Instructions formaintainingQuality of kapas as perprescribed parameters were issued.

13. PROGRESSIVE USE OF HINDI:

Your Corporation has achieved all the targets of progressive use of Hindi laid down in annual programme fortheyear2017-18issuedbyDepartmentofOfficialLanguage,MinistryofHomeAffairs.TheCorporationhas been honored with The Rajbhasha Kirti Puraskar (second)on14thSeptember,2017inthefieldofHindiimplementation in "B" Region during the year 2016-17 by Hon`ble President of India. Corporation has got the honour of receiving this National award for 25th time.

In addition to this during the year 2016-17 Corporation has also been awarded with 1st prize of Ashirwad chal Vayjayanti Rajbhasha Shield and Ashirwad Smruti Chinh by Ashirwad-socio- Cultural Organization in the competition of doing the Excellent work in Hindi among Public Sector (small) category.

During the year 2016-17 Head Office and B.O.Ahmedabad have received the 2nd prize. B.O. Aurangabad and B.O. Hubli received the 1st prize with appreciation certificate and B.O. Bathinda receivedthe award of Best Office in Central GovernmentOffices by their respective “Town Official LanguageImplementation Committee” (TOLIC) for excellent implementation in Hindi.

In addition to this, during the year 2016-17 Head Officehasalsobeenawardedwiththe2ndprizeandCertificateforTheBestPublicationofHindiMagazine"Rajbhasha Rashmi" by Navi Mumbai Town OfficialLanguage Implementation Committee (TOLIC).


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{ZJ‘ Ho$ ‘w»`mb` VWm {d{^ÝZ emIm H$m`m©b`m| ‘| g^r H§$ß`yQ>am| na {Û^mfr àmoJ«mq‘J H$am`r Om MwH$s h¡ VWm `y{ZH$moS> H$s gw{dYm ^r CnbãY H$am`r JB© h¡ & df© 2003 go {ZJ‘ H$s do~gmB©Q> {Û^mfr ê$n ‘| CnbãY h¡ VWm Cgo g‘`-g‘` na AÚVZ {H$`m OmVm h¡ & {ZJ‘ Ûmam V¡`ma H$admB© JB© B©.Ama.nr. àUmbr ‘| ^r {Û^mfr ‘| H$m`© H$aZo H$s gw{dYm CnbãY h¡ & df© 1984 go {ZJ‘ H$s J¥h n{ÌH$m amO^mfm apí‘ H$m {Z`{‘V ê$n go àH$meZ {H$`m Om ahm h¡ & OwbmB©, 2009 go "amO^mfm apí‘' B©-OZ©b n{ÌH$m {ZJ‘ H$s do~-gmBQ> na àX{e©V H$s Om ahr h¡ &

df© 2016-17 go {ZJ‘ H$s emIm H$m`m©b` Ah‘Xm~mX, amOH$moQ>, ~qR>S>m, B§Xm¡a VWm lrJ§JmZJa Ûmam ^r H«$‘e: amO^mfm J[a‘m, gmo‘ZmW, amO^mfm namJ, H$nmg J[a‘m Ed§ AmemXrn N>:‘mhr B©-‘¡J{OZ H$m àH$meZ Ama§^ {H$`m J`m h¡&

{ZJ‘ Ho$ ‘w»`mb` VWm "H$', "I' Ed§ "J' joÌ ‘| pñWV g^r emIm H$m`m©b`m| ‘| qhXr nÌmMma H$m à{VeV amO^mfm {d^mJ, J¥h ‘§Ìmb` Ûmam Omar dm{f©H$ H$m`©H«$‘ ‘| {ZYm©[aV {H$E JE bú`m| go AmJo h¢ & ‘w»`mb` ‘| 31 ‘mM©, 2018 H$mo g‘mßV {V‘mhr Ho$ ‘yb nÌmMma ‘| Omar qhXr nÌm| H$m à{VeV 97.38% h¡ &

amO^mfm {d^mJ Ho$ AmXoemZwgma {ZJ‘ Ho$ ‘w»`mb` Ed§ AYrZñW H$m`m©b`m| Ûmam g§~§{YV ZJa amO^mfm H$m`m©Ýd`Z g{‘{V`m| Ho$ VËdmdYmZ ‘| Am`mo{OV N>: ‘mhr ~¡R>H$m| VWm {d{^ÝZ J{V{d{Y`m| ‘| g{H«$` ê$n go ^mJ {b`m OmVm h¡& BgHo$ Abmdm {ZJ‘ Ho$ emIm H$m`m©b` Am¡a§Jm~mX VWm Am{Xbm~mX g§~§{YV ZJa amO^mfm H$m`m©Ýd`Z g{‘{V`m| H$s AÜ`jVm (Q>m°{bH$)H$a aho h¢&

14. gyMZm àm¡Úmo{JH$s Ho$ joÌ ‘| àJ{V :

{dÎmr` df© 2017-18 Ho$ Xm¡amZ, AmnHo$ {ZJ‘ Zo gyMZm àm¡Úmo{JH$s Ho$ joÌ ‘| H$B© gwYma H$aZo ‘| g’$bVm àmá H$s h¡:-

14.1 B©Amanr H$m`m©Ýd`Z

· {ZJ‘ Zo AnZo ‘w»`mb` d emIm H$m`m©b`m| ‘| B©Amanr EßbrHo$eZ ‘| OrEgQ>r H$m g’$bVmnyd©H$ H$m`m©Ýd`Z {H$`m h¡ &

· {ZJ‘ Zo AnZo ‘w»`mb` d emIm H$m`m©b`m| ‘| {dÎmr` df© 2011-12 go B©Amanr EßbrHo$eZ Ho$ Cn`moJ go gm§{d{YH$ boIm narjm VWm gaH$mar boIm narjm H$m g’$bVmnyd©H$ H$m`© nyU© {H$`m &

Bilingual computer programming is made available atHeadOfficeaswellasinallBranchOfficesandUnicode facility is also made available. Web-site is available in bilingual form, since 2003 and it is being updated from time to time. ERP system of the Corporation is also available in bilingual. Corporation is also regularly publishing House Journal named "Rajbhasha Rashmi" since 1984. E-Journal "Rajbhasha Rashmi” is being exhibited on Corporation’s website since July, 2009.

Since 2016-17 our branch offices Ahmedabad,Rajkot, Bathinda, Indore and Sriganganagar have also started publishing Half –Yearly E-magazine viz. Rajbhasha Garima, Somnath, Rajbhasha Parag, Kapas Garima and Ashadeep respectively.

Hindi correspondence in respect of Head Officeand branches at “A”, “B” and “C” regions have been maintained above the target prescribed in the Annual Programmed issued by Rajbhasha Vibhag, MinistryofHomeAffairs.Thetotalpercentageoforiginating correspondence issued in Hindi during thequarterended31stMarch,2018atHeadOfficehas been maintained at 97.38%.

AspertheordersofRajbhashaVibhagHeadOfficeanditssubordinateofficesareattendinghalfyearlymeeting from time to time and actively participating invariousactivitiesundertheaegisofTownOfficialLanguage Implementation Committee. Apart from this our Branch office Aurangabad and AdilabadarealsoheadingthechairmanshipofTownOfficialLanguage Implementation Committee (TOLIC).

14. PROGRESS IN THE FIELD OF INFORMATION TECHNOLOGY:

Duringthefinancialyear2017-18,theCorporationhasachievedanumberofimprovementsinthefieldof Information Technology :-

14.1 ERP Implementation

• TheCorporationhassuccessfullyimplementedGSTin its ERP application at all locations i.e. Branches andHeadOffice.

• The Corporation has successfully completed theStatutory Audit and Govt. Audit in ERP from FY 2011-12 onwards using the ERP application in the Corporation at all locations i.e. Branches and Head Office.

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· Ý`yZV‘ g‘W©Z ‘yë` na ã`mO, A^{Z d A{Yd{f©Vm {ddaUr Am{X go g§~§{YV Hw$N> ZE ’$m‘©g d [anmoQ>© V¡`ma H$s JB© h¡ VWm Cn`moJH$Vm© H$s AmgmZr Ho$ {bE B© Ama nr ‘| em{‘b {H$`m J`m h¡ &

· {dÎm, {dnUZ d ‘mg§{d/noamob ‘m°Sy>ëg H$s dV©‘mZ [anmoQ>©g²/’$m‘©g H$mo Cn`moJH$Vm©/ ì`mnm[aH$ Amdí`H$VmAm| Ho$ AZwgma gwYma {H$`m h¡ &

· emImAm| na B©Amanr Ho$ H$m`m©Ýd`Z/aqZJ ‘| AmZo dmbr g‘ñ`mAm| Ho$ g‘mYmZ Ho$ {bE ‘w»`mb` ‘| EH$ hoën So>ñH$ ~Zm`m J`m h¡ &

14.2 do~ EßbrHo$eZ

· {ZJ‘ Ho$ H$‘©Mm[a`m| Ûmam bmoH$m`wŠV [aQ>Z©g d grdrgr [aQ>Z©g H$s Am°ZbmB©Z ’$mB©qbJ Ho$ {bE do~ EßbrHo$eZ CnbãY h¡ &

· H$‘©Mm[a`m| Ûmam (dm{f©H$ JmonZr` [anmoQ>©) Am°ZbmB©Z âZo Ho$ {bE EgrAma/EnrAma âZo Ho$ {bE do~ ~oñS> EßbrHo$eZ nmoQ>©b {H«$`mpÝdV {H$`m J`m h¡ &

· {ZJ‘ ‘| emImAm| H$s Am°ZbmB©Z ‘m{gH$ [aQ>©Zg Ho$ àñVwVrH$aU Ho$ {bE Am§V[aH$ boIm narjm hoVw do~ ~oñS> EßbrHo$eZ CnbãY h¡ & emImAm| Ho$ g^r Ambon A{YH$m[a`m| Ho$ {bE `yOa AmB©S>r d nmgdS©> CnbãY H$adm`m J`m h¡ {Oggo do ‘w»`mb` ñVa na g‘rjm Ho$ {bE g§~§{YV OmZH$mar â gH$Vo h¡ &

14.3 do~gmB©Q> :

· {ZJ‘ ‘| ^maVr` gaH$mar do~gmB©Q> (OrAmB©OrS>ãë y) do~ H§$Q>oÝQ>g EŠgog{~{bQ>r (S>ãë ygrEOr) ‘mJ©Xe©Z H$mo Ü`mZ ‘| aIH$a ZdrZV‘ VH$ZrH$s Ho$ gmW {ZJ‘ ‘| gyMZmË‘H$ d Cn`moJH$Vm© Ho$ AZwHy$b do~gmB©Q> CnbãY h¡ &

· H$moB© {dH$bm§J ì`{º$ ^r ghm`H$ VH$ZrH$s H$s ghm`Vm go do~gmB©Q> EŠgog H$a gH$Vm h¡& BZ CÔoí`m| Ho$ gmW gm‘m{OH$ Ý`m` ‘§Ìmb`, ^maV gaH$ma Ho$ ‘mJ©Xe©Zm| H$m ^r H$m`m©Ýd`Z {H$`m J`m h¡ &

· do~gmB©Q> qhXr ‘| ^r CnbãY h¡ , do g^r dñVwE± Omo A§J«oOr ‘| gyMr~ÜX h¡ do qhXr ‘| ^r CnbãY h¡ & AmJo S>m`Zm{‘H$ ‘yqdJ AmB©Q>åg {OZH$m àma§^ ‘| H$m`m©Ýd`Z Zht {H$`m J`m Wm, do ^r qhXr ‘| CnbãY h¢ &

· emImAm| Ûmam Omar Q>|S>g© d Am°ŠeÝg Ho$ {ddaU H$mo h‘mar do~gmB©Q> www.cotcorp.org.in VWm www.eprocure.gov.in na ‘w»`mb` Ed§ g§~§{YV emImAm| Ûmam ñd`§ àH$m{eV {H$`m OmVm h¡& Bg g§~§Y ‘| g^r emImAm| H$mo Amdí`H$ àm{YH$aU CnbãY H$adm`m J`m h¡ &

• Afewnewformsandreportshavebeendevelopedand incorporated in the ERP such as MSP Interest, CPF & Superannuation statements etc. for the ease of the users.

• The existing reports/forms of Finance, Marketing&HR/PayrollModuleshavebeenmodifiedasperusers/business requirements.

• OneERPHelpDeskisoperationalatHeadOfficeforhelpincaseofanydifficultyinoperation/runningof ERP at branches.

14.2 Web Application

• The corporation is having web application for online fillingofLokayuktReturnsandCVCreturnsbytheemployees of the corporation.

• The Corporation has implemented web based application portal for ACR/APAR (Annual ConfidentialReport)fillingbytheemployeesonline.

• The Corporation has a web based application for Internal Audit for submission of online monthly returns for Branches. User Id and password has been provided to all the internal auditors of the branchthroughwhichtheywillbeabletofillintheinformationforreviewatHeadOfficelevel.

14.3 Website

• TheCorporation ishavinga informativeanduserfriendly website using the latest technology, keeping in mind the Guidelines of Indian Government Website (GIGW) & Web Contents Accessibility Guidelines (WCAG)).

• Even a person even with disability is able to access the website with the help of assistive technologies. With these features, the guidelines of Ministry of Social Justice, Govt. of India is also implemented.

• The website is also available in Hindi, where all the items listed in English website is available in Hindi. Further, the dynamic moving items are also now available in Hindi, which was initially not implemented.

• The details of tenders and auctions floated byBranches are to be published on our website www.cotcorp.org.in and on Government Tenders portal www.eprocure.gov.in by HO and respective BOs at their own, the necessary authorization for the same is provided to each BOs.


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14.4 B©-‘ob nÌ ì`dhma

‘w»`mb` Am¡a emIm H$m`m©b`m| H$m B©-‘ob nVm qgJb S>mo‘oZ `m{Z @cotcorp.com {X`m J`m h¡, Omo qgJb gd©a na àX{e©V h¡ & AmJo ‘w»`mb` Ho$ A{YH$m[a`m| Am¡a emIm àYmZm|, {dÎm àYmZ Am¡a gV©H$Vm A{YH$m[a`m| H$mo d¡`{º$H$ B©-‘ob Am`S>r {X`m J`m h¡, Vm{H$ do {ZJ‘ Ho$ A§Xa ghOVm go nÌ ì`dhma H$a gHo$ &

14.5 drS>r`mo g§JmoîR>r :

Bg gw{dYm H$m Ý`yZV‘ g‘W©Z ‘yë` n[aMmbZ Ho$ {Z`§ÌU Ho$ {bE ì`mnH$ ê$n go BñVo‘mb {H$`m OmVm h¡&

14.6 hmS©>doAa Am¡a gm°âQ>doAa CƒrH$aU

Ohm§ H$hr Amdí`H$ Wm ‘w»`mb` Am¡a emIm H$m`m©b`m| ‘| dV©‘mZ hmS©>doAa Am¡a gm°âQ>doAa H$m CƒrH$aU {H$`m J`m h¡ Am¡a Z`m hmS©>doAa ñWm{nV {H$`m J`m h¡&

14.7 grB©AmaQ>r-BZ {Xem {ZX}e

{ZJ‘ ‘| gyMZm àm¡Úmo{JH$s S>mQ>m {gŠ`yarQ>r, dmB©ag AbQ>©, gwajm Cnm`m| Am¡a gmdYm{Z`m| Ho$ ~mao ‘| grB©AmaQ>r - BZ, gyMZm àm¡Úmo{JH$s {d^mJ, g§Mma Am¡a gyMZm àm¡Úmo{JH$s ‘§Ìmb`, ^maV gaH$ma Ûmam Omar {Xem {ZX}e H$m AZwnmbZ {H$`m OmVm h¡ &

14.8 AmB©nrdr6 AZwnmbZ

AmB©nrdr6 Ho$ ~mao ‘| dó ‘§Ìmb`, ^maV gaH$ma VWm gyMZm àm¡Úmo{JH$s {d^mJ, g§Mma Am¡a gyMZm àm¡Úmo{JH$s ‘§Ìmb`, ^maV gaH$ma go àmá {Xem {ZX}e H$m {ZJ‘ ‘| bmJy {H$`m J`m h¡ & AmJo, {ZJ‘ Zo AmB©nrdr6 gå‘V hmS©>doà VWm gm°âQ>doà hr IarXZm Ama§^ {H$`m J`m h¡&

15. {ZJ{‘V emgZ : AmnH$m {ZJ‘ {dœmg H$aVm h¡ {H$ g’$b hmoZo Ho$ {bE EH$

H§$nZr Ho$ {bE `h Amdí`H$ h¡ {H$ AnZo g^r ñQ>oH$hmoëS>g© Ho$ {bE {ZJ{‘V AmMaU H$m {dœ ñVa ‘mZX§S> ~Zmò & AmnH$s H§$nZr H$mo {dœmg h¡ {H$ Am¡{MË`, nmaX{e©Vm Am¡a CÎmaXm{`Ëd Ho$ {gÜXm§V AÀN>o emgZ Ho$ {bE gmonmZ h¢ & H§$nZr H$m `h CÚ‘ h¡ {H$ àemgZ H$m CƒV‘ ñVa àmá H$a| Am¡a AnZo ì`mnma joÌ ‘| CËH¥$ï> àemgr H§$n{Z`m| Ho$ gmW AnZm ñWmZ ~Zmò &

16. H$m`©ñWb na ‘{hbm `m¡Z CËnr‹S>Z Ho$ A§VJ©V àH$Q>Z ({ZdmaU, {ZfoY, d Cnm`) A{Y{Z`‘ 2013

14.4 Email Communication

The email address to HO and Branches have been provided with single domain i.e. @cotcorp.com which is hosted on a single server. Further, the officersatHOandBranchHeads,FinanceHeadandVigilanceOfficersatBOshavealsobeenprovidedwith individual email IDs to ease and make the communication faster within the Corporation.

14.5 Video Conference:

The facility was extensively used to monitor MSP operations.

14.6 Hardware & Software Upgradation

Wherever found necessary on need basis, the upgradation of the existing hardware & software and installation of new hardware has been completed at H.O. and Branches.

14.7 Cert-In Guidelines The guidelines received from Indian Computer

Emergency Response Team (CERT-In), Department of Information Technology, Ministry of Communication and Information Technology, Government of India about IT/Data Security, Virus Alerts, related security measures and precautions etc. are being implemented in the Corporation from time to time.

14.8 IPv6 COMPLIANCE

The guidelines received from Ministry of Textiles, Government of India and Department of Information Technology/Department of Telecommunication, Ministry of Communication and Information Technology, Government of India about IPv6 are implemented in the Corporation. Further, the Corporation started procuring only IPv6 compliant hardware and software in the Corporation.

15. CORPORATE GOVERNANCE:

Your Corporation believes that for a company to be successful, it must maintain global standards of corporate conduct towards all its stakeholders. Your Company believes that the principles of fairness, transparency and accountability are the cornerstones for good governance. It is the Company’s endeavour to continue to achieve the highest levels of governance and to benchmark itself with the best governed companies in the similar trade.

16. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

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‘{hbmAm| Ho$ H$m`©ñWb na ‘{hbm `m¡Z CËnr‹S>Z Ho$ A§VJ©V àH$Q>Z ({ZdmaU, {ZfoY, d Cnm`) A{Y{Z`‘ 2013 H$s Amdí`H$VmAm| Ho$ AZwgma `m¡Z CËnr‹S>Z Ho$ {ZdmaU hoVw H$ånZr Zo EH$ `moOZm ~Zm`r JB© h¡ & `m¡Z CËnr‹S>Z H$s àmßV {eH$m`Vm| Ho$ amoH$Wm‘ Ho$ {bE Am§V[aH$ {eH$m`V g{‘{V ñWm{nV H$s JB© h¡& Bg `moOZm Ho$ A§VJ©V g^r H$m`m©b`m| (ñWm`r, g§{dXmJV, AñWm`r, à{ejUmWu) H$mo em{‘b {H$`m J`m h¡ & H§$nZr H$mo df© 2017-18 Ho$ Xm¡amZ H$moB© {eH$m`V àmßV Zht hþB© h¡&

17. {ZXoeH$ ‘§S>b: g‘rjmJV df© 2017-18 Ho$ Xm¡amZ AmnH$s H§$nZr Ho$

{ZXoeH$ ‘§S>b ‘| {ZåZ{bpIV n[adV©Z hþE :

{ZXoeH$, ^maV gaH$ma, dñÌ ‘§Ìmb`, Ûmam Omar nÌ g§. E’$ Z§. 5/13/2017 {XZm§H$ 26 {gV§~a, 2017 Ho$ AZwgaU ‘| S>m°. nr A{„ amZr H$mo 03 A³Vy~a, 2017 H$mo H§$nZr Ho$ AÜ`j Ed§ à~§Y {ZXoeH$ Ho$ ê$n ‘| {Z`wŠV {H$`m J`m &

lr gw~«mVmo JwßVm, nyd© g§`wŠV g{Md , dñÌ ‘§Ìmb` H$mo {XZm§H$ 30.12.2016 H$mo H§$nZr Ho$ ~moS©> na nmQ>© Q>mB©‘ H$m`m©b`rZ {ZXoeH$ Ho$ ê$n ‘| {Z`wŠV {H$`m J`m Wm, {X. 27.12.2017 H$mo H$m`©^ma ‘wŠV {H$`m J`m&

lr Eg.Ama.Jm`H$dm‹S>, {ZoXoeH$, dñÌ ‘§Ìmb` H$mo {XZm§H$ 27.12.2017 H$mo H§$nZr Ho$ ~moS©> na nmQ>© Q>mB©‘ H$m`m©b`rZ {ZXoeH$ Ho$ ê$n ‘| {Z`wŠV {H$`m J`m&

18. ‘§S>b H$s ~¡R>H|$ :

31 ‘mM©, 2018 H$mo g‘má df© Ho$ {bE ‘§S>b H$s 4 ~¡R>H|$ 30.05.2017, 17.08.2017, 02.11. 2017, VWm 23.02.2018 H$mo hþB© &

19. {ZXoeH$m| Ho$ Xm{`Ëdm| H$s {ddaUr :

H§$nZrO A{Y{Z`‘ 2013 H$s Ymam 134(3)(gr) Ho$ AZwgaU ‘| {ZXoeH$m| Ho$ Xm{`Ëdm| H$s EVÔ‰mam nw{ï> H$aVo h¢&

19.1 `h {H$ 31 ‘mM©, 2018 H$mo g‘má {dÎmr` df© Ho$ dm{f©H$ boIm| H$mo V¡`ma H$aVo g‘`, ‘Q>o[a`b {dMbZ go g§~§{YV C{MV ñnï>rH$aU Ho$ gmW-gmW bmJy boIm ‘mZH$m| H$m AZwnmbZ {H$`m J`m h¡&

19.2 `h {H$ {ZXoeH$m| Zo Bg àH$ma H$s boIm Zr{V`m| H$m M`Z {H$`m h¡ Am¡a Cgo H$‹S>mB© go bmJy {H$`m h¡ VWm Eogo Am¡{MË`nyU© Ed§ ñnï> {ZU©` Ed§ AZw‘mZ bJm`o h¢,

The company has in place a policy for prevention of sexual harassment in accordance with the requirements of the Sexual Harassment of women at workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaints Committee has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy. The Company did not receive any complain during the year 2017-18.

17. BOARD OF DIRECTORS: Following Changes took place in the Board of

Directors of your Company during the year 2017-18 under review:-

Dr. P. Alli Rani was appointed as Chairman-cum-

Managing Director of the Company with effectfrom 03rd October, 2017 in pursuance of letter F.No.5/13/2017- Cotton dated 26th September, 2017 issued by Director, Ministry of Textiles, Government of India.

Shri Subrata Gupta, Ex-Joint Secretary, Ministry of Textiles,wasappointedaspart-timeofficialDirectoron the Board of the Company on 30.12.2016, relinquished the charge on 27.12.2017.

Shri S.R. Gaikwad, Director, Ministry of Textiles, appointedaspart-timeofficialDirectorontheBoardof the Company w.e.f. 27.12.2017.

18. BOARD MEETINGS:

During the year ended 31st March 2018, Four (4) Board meetings were held on 30.05.2017, 17.08.2017, 02.11.2017 & 23.02.2018.

19. DIRECTORS’ RESPONSIBILITY STATEMENT:

Pursuant to the requirement under Section 134(3)(c) of the Companies Act, 2013 with respect to Directors’ Responsibilities Statement, the directors confirmed.

19.1.That in the preparation of the annual accounts forthefinancialyearended31stMarch,2018the applicable accounting standards had been followed along with proper explanation relating to material departures;

19.2. That the directors had selected such accounting policies and applied them consistently and made judgments and


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Omo {dÎmr` df© Ho$ A§V ‘| H§$nZr Ho$ H$m`© - ì`dhma H$m VWm Cg df© Ho$ bm^-hm{Z ImVo H$m ghr {MÌU XoVo h¢²&

19.3 `h {H$ {ZXoeH$m| Zo H§$nZr H$s n[ag§n{Îm`m| H$s gwajm Ho$ {bE VWm OmbgmOr Ed§ AÝ` A{Z`{‘VVmAm| H$mo nH$S>Zo Am¡a amoH$Zo Ho$ {bE A{Y{Z`‘, Ho$ àmdYmZm| Ho$ AZwgma boIm| Ho$ aIaImd Ho$ {bE n`m©á Ed§ C{MV gmdYmZr ~aVr h¡ & `h {H$ dm{f©H$ boIm| H$mo {ZXoeH$m| Zo 'JmoB§J H$ÝgZ©' Ho$ AmYma na V¡`ma {H$`m h¡ &

19.4 `h {H$ dm{f©H$ boIm| H$mo {ZXoeH$m| Zo 'JmoB§J H$ÝgZ©' Ho$ AmYma na V¡`ma {H$`m h¡; VWm

19.5 `h {H$ {ZXoeH$m| Zo bmJy g^r H$mZyZm| Ho$ àmdYmZm| H$m AZwnmbZ gw{Z{üV H$aZo Ho$ {bE C{MV nÜX{V AnZmB© VWm `h nÜX{V n`m©á Ed§ à^mdembr h¡&

20. boIm narjm g{‘{V :

bmoH$ CÚ‘ H$m`m©b` (S>rnrB©) ^maV gaH$ma Ûmam Omar {ZJ{‘V emgZ ‘mJ©Xe©Z Ho$ AZwnmbZ Ho$ AZwgma boIm g{‘{V g§ñWm{nV H$s JB© h¡ & g‘rjmYrZ df© 2017-18 Ho$ Xm¡amZ boIm g{‘{V H$s 4 ~¡R>H|$ {XZm§H$ 30.05.2017, 17.08.2017, 02.11.2017 VWm 23.02.2018 H$mo Am`mo{OV H$s JB© & AmnHo$ {ZJ‘ H$s boIm narjm g{‘{V ‘| Xmo ñdV§Ì {ZXoeH$ H$mo em{‘b H$aHo$ VrZ {ZXoeH$ h¡ &

21. gm§{d{YH$ boIm narjH$ :

df© 2017-18 Ho$ {bE H§$nZr Ho$ g§`wº$ gm§{d{YH$ boIm narjH$ Ho$ ê$n ‘| ‘ogg© ~§gb Ama.Hw$‘ma E§S> Egmo{gEQ²g, gZXr boImnmb VWm ‘ogg© ~doOm E§S> H$m¡b, gZXr boImnmb H$mo {Z`wº$ {H$`m J`m &

22. dó ‘§Ìmb` Ho$ gmW g‘Pm¡Vm kmnZ :

22.1 df© 2016-17 Ho$ {bE {ZYm©[aV bú`m| H$mo àmá H$aZo Ho$ gmW-gmW dmñV{dH$ n[aUm‘ Ho$ AmYma na bmoH$ CÚ‘ {d^mJ Zo "’o$`a' loUr àXmZ H$s h¡&

22.2 AmnHo$ {ZJ‘ VWm dó ‘§Ìmb` Ho$ ~rM df© 2017-18 Ho$ {bE g‘Pm¡Vm kmnZ na 05 OwbmB©, 2017 H$mo hñVmja {H$E JE &

estimates that are reasonable and prudent so as to give a true and fair view of the state ofaffairsoftheCompanyattheendofthefinancialyearandof theprofitandLossofthe Company for that period;

19.3. That the directors had taken proper and sufficient care for the maintenanceof adequate accounting records in accordance with the provisions of the Act, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities. That the directors had prepared the annual accounts on a “going concern” basis;

19.4 That the directors had prepared the Annual Accounts on a going concern basis; and

19.5 That the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

20. AUDIT COMMITTEE: The Audit Committee was constituted in terms of

compliance of Corporate Governance Guidelines issued by the Department of Public Enterprises (DPE), Government of India. During the year 2016-17 under review, four meetings of Audit Committee were held on 30.05.2017, 17.08.2017, 02.11.2017 & 23.02.2018. The Composition of Audit Committee of your Corporation comprise of three Directors including two Independent Director.

21. STATUTORY AUDITORS:

M/s. Bansal R. Kumar & Associates, Chartered Accountants and M/s. Baweja & Kaul, Chartered Accountants, were appointed as Joint Statutory Auditors of the Company for the year 2017-18.

22. MOU WITH THE MINISTRY OF TEXTILES:

22.1. The achievement based on actual results vis-à-vis targets for the year 2016-17 had been rated “Fair” by Department of Public Enterprises.

22.2. The Memorandum of Understanding between your Corporation and the Ministry of Textiles for the year 2017-18 was signed on 5th July, 2017.

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23. H$‘©Mm[a`m| Ho$ ã`m¡ao:

AmnH$m {ZJ‘ gaH$mar H§$nZr hmoZo Ho$ H$maU {ZJ{‘V H$m`© ‘§Ìmb` H$s A{YgyMZm {XZm§H$ 05/06/2015 Ûmam H§$nZr A{Y{Z`‘ 2013 H$s Ymam 197 Ho$ AYrZ gyMZm ^oOZo H$s Ny>Q> h¡&

24. dm{f©H$ [aQ>Z© H$m {ZîH$f© :

’$m‘© E‘OrQ>r-9 ‘| dm{f©H$ [aQ>Z© Ho$ gma H$m ^mJ V¡`ma H$aZo Ho$ {ddaUm| Ho$ ~mao ‘| H§$nZrO A{Y{Z`‘ 2013 H$s Ymam 134(3)(E) Ho$ AZwgaU ‘o àH$Q> OmZH$mar Bg [anmoQ>© Ho$ n[a{eï> ~r ‘| EVÔ‰mam g§b¾ h¡&

25. OmopI‘ à~§YZ Zr{V :

AmnH$s H§$nZr Zo OmopI‘ ^ao VËdm| H$mo H$da H$aZo Ho$ CÔoí` go OmopI‘ à~§YZ Zr{V {dH${gV H$s Am¡a AnZm`r h¡ &

H§$nZr Ho$ d[aîR> A{YH$m[a`m| H$mo em{‘b H$aHo$ OmopI‘ à~§YZ g{‘Vr H$m ^r JR>Z {H$`m h¡& OmopI‘ à~§YZ g{‘Vr H$mo ~moS©> H$mo ghm`Vm H$aZo H$m CËVaXm{`Ëd gm¢nm J`m h¡ O¡go;

H$) OmopI‘ à~§YZ ’«o$‘dH©$ Ûmam H§$nZr Ho$ CÔ‘ H$s XoIaoI d AZw‘moXZ XoZm h¡ &

I) g§JR>Z Ho$ do g^r OmopI‘ h¡ O¡go H$nmg IarX n[aMmbZ ‘| em{‘b OmopI‘, ‘mH}$Q> ‘yë` ‘| CVma M‹T>md Ho$ OmopI‘, bm°{OpñQ>H$ OmopI‘, aUZr{V, {dËVr`, {b{¹${S>Q>r, {dXoer ‘wÐm, {ZJ{‘V boIm YmoImY‹S>r, gyMZm àm¡Úmo{JH$s/{gñQ>‘ OmopI‘, {d{Y, ‘mZd g§gmYZ VWm AÝ` OmopI‘m| H$s nhMmZ d ‘yë`m§H$Z {H$`m J`m h¡ &

{ZJ‘ Ho$ {H$gr ^r ì`mnm[aH$ n[aMmbZ ‘| A§Va{Z{hV OmopI‘m| H$mo nhMmZZo Ho$ {bE n`m©ßV OmopI‘ à~§YZ àUmbr h¡ Omo {ZJ‘ Ho$ {H$gr ^r n[aMmbZ ‘| A§Va{Z{hV OmopI‘m| H$s nhMmZ H$aVr h¡ VWm Cggo n[a^m{fV H$aZo, AmH$bZ H$aZo, [anmoQ>© H$aZo, {Z`§ÌU H$aZo Am¡a H$‘ H$aZo Ho$ {Xem{ZX}e àXmZ H$aVr h¡ &

26. Am^ma :

26.1 AmnHo$ {ZXoeH$JU ‘mZZr` dó ‘§Ìr, ^maV gaH$ma Ûmam {XE JE ‘mJ©Xe©Z Am¡a gh`moJ Ho$ {bE Am^mar h¢ & ‘mZZr` amÁ` dó ‘§Ìr, ^maV gaH$ma Ho$ à{V ^r Am^mar h¢²& AmnHo$ {ZXoeH$ g{Md, g§`wº$ g{Md VWm dó ‘§Ìmb` Ho$ AÝ` A{YH$m[a`m|, {dÎm ‘§Ìmb` Ho$ A{YH$m[a`m|, H¥${f ‘§Ìmb` Am¡a dó Am`wº$ Ho$ H$m`m©b` Am¡a CZHo$ A{YH$m[a`m| Ho$ à{V CZHo$ Ûmam

23. PARTICULARS OF EMPLOYEES:

Your Corporation being a Government Company is exempted to furnish information under Section 197 of the Companies Act, 2013 vide Ministry of Corporate Affairs (MCA) Notification dated05/06/2015.

24. EXTRACT OF ANNUAL RETURN:

Information required to be disclosed pursuant to Section 134(3)(a) of The Companies Act, 2013 with respect to the details forming part of the extract of the Annual Return in Form MGT-9 is annexed herewith in Annexure B to this Report.

25. RISK MANAGEMENT POLICY:

Your Company has developed and adopted a Risk Management Policy, which inter alia covers identificationofelementsofrisks.

Risk Management Committee has also been constituted comprising of senior officials of theCompany. Risk Management Committee has been entrusted with the responsibility to assist the Board in:

(a) Overseeing and approving the Company’s enterprise wide risk management framework;

(b) Overseeing that all risks that the organization faces such as risks involved in cotton purchase operations, market/price fluctuation risks,logistics risks, strategic, financial, liquidity,foreign exchange, corporate accounting fraud, IT/systems risks, legal, human resource and otherriskshavebeenidentifiedandassessed.

There is an adequate risk management mechanism in place which identifies therisks inherent in any business operations of the Corporation and provides guidelines to define,measure, report,controlandmitigatetheidentifiedrisks.

26. ACKNOWLEDGEMENT:

26.1 The Directors wish to place on record their grateful thanks for the guidance and cooperation extended by the Hon’ble Minister of Textiles, Government of India. Thanks are also placed on record to Hon’ble Minister of State for Textiles, Govt. of India. The Directors also wish to thank the Secretary, Additional Secretary,JointSecretariesandotherofficialsoftheMinistryofTextiles,officialsofMinistry


34

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{XE JE ‘mJ©Xe©Z Ho$ {bE Am^mar h¢, {OgHo$ A^md ‘| AmnH$m {ZJ‘ g‘rjmJV df© Ho$ Xm¡amZ {nN>bo df© H$s g’$bVm ~Zm`o aIZo ‘| g’$b Zht hmo nmVm &

26.2 AmnHo$ {ZXoeH$JU ~¢H$ Am°’$ ~‹S>m¡Xm Am¡a g§H$m` Ho$

AÝ` gXñ` ~¢H$m| Ûmam {ZJ‘ H$mo g‘` na {XE JE CZHo$ gh`moJ VWm ‘XX Ho$ à{V Am^mar h¢ & AmJo AmnHo$ {ZXoeH$JU àYmZ {ZXoeH$ dm{UÁ` boIm narjm VWm nXoZ gXñ` boIm narjm ‘§S>b - I Am¡a CZHo$ H$‘©Mm[a`m| Ûmam df© Ho$ Xm¡amZ {ZJ‘ H$mo {XE JE CZHo$ gh`moJ Ho$ à{V Am^mar h¢ &

26.3 g‘rjmJV df© Ho$ {bE {ZJ‘ Ho$ boIm| H$s narjm H$aVo g‘` {ZJ‘ Ho$ gm§{d{YH$ boIm narjH$ ‘¡gg© ~§gb Ama Hw$‘ma E§S> Egmo{gEQ²g gZXr boImnmb, ‘w§~B© Am¡a ‘¡gg© ~doOm E§S> H$m¡b, gZXr boImnmb Ûmam {XE JE ~hþ‘yë` gwPmd Am¡a ‘mJ©Xe©Z Ho$ {bE AmnHo$ {ZXoeH$ Am^mar h¢ &

26.4 AmnHo$ {ZXoeH$ ZoeZb Q>oŠgQ>mB©b H$mnm}aoeZ Am¡a CZH$s ghm{`H$mAm|, amÁ` dó {ZJ‘, ghH$mar pñnqZJ {‘b| VWm {d{^Þ {ZOr {‘bm| Ho$ à{V ^r Am^mar h¢, {OÝhm|Zo df©, 2017-18 Ho$ Xm¡amZ AnZr Amdí`H$Vm H$s A{YH$m§e H$nmg, {ZJ‘ go IarXr Am¡a Bg àH$ma JwUdÎmm, ‘yë`-à{VñnYm© Am¡a {ZJ‘ Ûmam Xr JB© godmAm| na {dœmg ~Zm o aIm h¢²& H$m°Z’o$S>aoeZ Am°’$ B§{S>`Z Q>oŠgQ>mBb B§S>ñQr (grAm`Q>rAm`), H$m°Q>Z Egmo{gEeZ Am°’$ B§{S>`m, amÁ` §S>ma {ZJ‘ Am¡a Ho$ÝÐr` §S>ma {ZJ‘ Ûmam {ZJ‘ H$mo {XE JE gh`moJ Ho$ à{V ^r h‘ Am^mar h¢&

26.5 AmnHo$ {ZXoeH$JU {ZJ‘ Ho$ g^r A{YH$m[a`m| Ed§ H$‘©Mm[a`m|

Ho$ Am^mar h¢, {OÝhm|Zo g^r ñVam| na AnZm gh`moJ, gKZ

à`ËZ Am¡a H$V©ì`{Zð>m ~Zm o aIr &

H¥$Vo Ed§ {ZXoeH$ ‘§S>b H$s Amoa go

hñVm/-

(S>m°. nr A{„ amZr) AÜ`j Ed§ à~§Y {ZXoeH$

ñWmZ : Zdr ‘w§~B©

{XZm§H$ : 26 Zd§~a, 2018

of Finance, Ministry of Agriculture and Textile Commissioner and his officials,but for which, to maintain trends that were set earlier in the recent past with regard to working of the Corporation, would not have been possible in the year under review.

26.2. Thanks are also due to Bank of Baroda and other member banks of the Consortium for extending timely help and support to the Corporation. The Directors further desire to place on record their sincere thanks to the Principal Director of Commercial Audit andEx-OfficioMemberAuditBoard–Ifortheir co-operation.

26.3. Your Directors gratefully acknowledge valuable suggestions and guidance given by the Statutory Auditors M/s. Bansal R Kumar & Associates, Chartered Accountants, and M/s. Baweja & Kaul, Chartered Accountants, during the course of their audit of the accounts of the Corporation for the year under review.

26.4. Our grateful thanks are also due to the National Textile Corporation and its subsidiaries, the State Textile Corporations, Co-operative Spinning Mills and various Private Sector Mills who covered their cotton requirements from your Corporation during 2017-18 thus placing their faith in the quality, price competitiveness and service being rendered by the Corporation. Our sincere thanks are also due to the Confederation of Indian Textile Industry (CITI), Cotton Association of India, SWCs, CWC for the co-operation extended by these organization to the Corporation.

26.5.Your Directors thank all the Officersand staff of the Corporation for theirco-operation, concerted efforts anddedication at all levels.

for and on behalf of the Board of Directors

Sd/-(Dr. P. Alli Rani)

Chairman-cum-Managing Director

Place : Navi MumbaiDate : 26th November, 2018

48 dt dm{f©H$ [anmoQ>© 2017-18

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{ZXoeH$ [anmoQ>© H$m n[a{eîQ> H$ANNEXURE A TO DIRECTORS REPORT

{ZJ{‘V gm‘m{OH$ Xm{`Ëd J{V{d{Y`m| (grEgAma) na dm{f©H$ [anmoQ>©

H§$nZrO. A{Y{Z`‘, 2013 H$s Ymam 134 (3)(Amo) Ho$ AZwgaU ‘| H§$nZrO. A{Y{Z`‘ 2014 ({ZJ{‘V gm‘m{OH$ Xm{`Ëd) Ho$ {Z`‘ 8(1) Ho$ gmW n‹T>m Omò &

àñVm{dV àmoOoŠQ> AWdm àmoJ«m‘ na H$m`© VWm grEgAma Zr{V d àmoOoŠQ>g AWdm àmoJ«m‘ H$s do~ qbH$ ‘| CëboI g{hV grEgAma Zr{V H$s g§{jßV ê$naoIm&

H§$nZr H$m g§{jßV n[aM` :

^maVr` H$nmg {ZJ‘ (grgrAmB©), dñÌ ‘§Ìmb`, ^maV gaH$ma Ho$ àemg{ZH$ {Z`§ÌU Ho$ AYrZ EH$ H$nmg ì`mnm[aH$ g§JR>Z h¡ & O~ H$^r H$nmg ‘yë` ^maV gaH$ma Ûmam Kmo{fV Ý`yZV‘ g‘W©Z ‘yë` ñVa go ZrMo {JaZo bJVo h¢ Vmo {ZJ‘ ^maV H$s ZmoS>b EO|gr Ho$ ê$n ‘| Ý`yZV‘ g‘W©Z ‘yë` n[aMmbZ H$m H$m`© H$aVm h¡ &

grEgAma H$s g§H$ënZm :

• gmd©O{ZH$ CÚ‘ (S>rnrB© Zo AnZo {XZm§H$ 9 Aà¡b, 2010 Ho$ nÌ g§. 15(3)/2007 S>rnrB© (OrE‘) Ûmam {d{^ÝZ H|$Ðr` gmd©O{ZH$ CnH«$‘m| (grnrEgB©) ‘| {ZJ{‘V gm‘m{OH$ CËVaXm{`Ëd H$m g§H$ën Ama§^ {H$`m h¡ & grEgAma df© 2010-11 go E‘Amo`y ‘| em{‘b {H$`m J`m & grEgAma Ho$ {Xem{ZX}em| ‘| ~Vmò AZwgma {ZJ{‘V H$m`©{ZînmXZ H$mo Am{W©H$ à^md, gm‘m{OH$ à^md VWm dmVmdaU à^md `m{Z gm‘mÝ` Vm¡a na "'{Qńb ~m°Q>‘ bmB©Z'' go ‘¡M {H$`m OmE &

• {ZJ{‘V H$m`© ‘§Ìmb` Zo AnZr A{YgyMZm {X. 27 ’$adar, 2014 Ûmam H§$nZr A{Y{Z`‘ Ho$ eoS>çyb VIII VWm Ymam 135 VWm H§$nZr A{Y{Z`{‘V H§$nZr Xm{`Ëd nm°{bgr {Z`‘mdbr 2014 H$mo A{Ygy{MV {H$`m h¡ & {OgHo$ AZwgaU ‘| H§$nZrO H$mo {ZJ{‘V gm‘m{OH$ Xm{`Ëd (grEgAma) J{V{d{Y`m| ‘| ì`` H$aZm Amdí`H$ h¡ & {OgH$m AZwnmbZ h‘ S>rnrB© {Xem {ZX}em| Ho$ AZwgma nhbo go hr H$a aho h¡& H§$nZr {Z`‘mdbr 2014 ({ZJ{‘V gm‘m{OH$ Xm{`Ëd {ZVr) {X. 01 Aà¡b, 2014 go bmJy hþAm h¡ &

• CnamoŠV {Xem{ZX}em| H$mo Ü`mZ ‘| aIVo hþE ^mH${Z gm‘wXm{`H$ gØmd, g‘mO na à^md H$m`‘ aIZo Ed§ nmaX{e©Vm bmZo Ho$ {bE grEgAma J{V{d{Y`m| H$m Am`moOZ H$aVm h¡ &

ANNUAL REPORT ON CORPORATE SOCIAL RESPONSIBILITY (CSR) ACTIVITIES

[Pursuant to Section 134 (3) (o) of the Companies Act, 2013 read with Rule 8(1) of the Companies (Corporate Social Responsibility) Rules, 2014]

Brief outline of the company’s CSR Policy including overview of projects or programme proposed to be undertaken and reference in web link to the CSR policy and projects or programme.

Brief about CCI: The Cotton Corporation of India (CCI) is a cotton

trading organization under the administrative control of Ministry of Textiles, Govt. of India. It is the nominated nodal agency of Govt. of India to undertake price support operations in cotton in the event when market prices of kapas falls below the support price level announced by Govt. of India.

Concept of CSR:

• The Department of Public Enterprises (DPE), vide their letter F.No.15(3)/2007-DPE(GM) dated 9th April 2010 has introduced Corporate Social Responsibility for Central Public Sector Enterprises. The CSR was included in MOU from the year 2010-11 onwards. As envisaged in the guidelines of CSR, the corporate performance needs to be matched in terms of economic impact, social impact and environmental impact; commonly called the “Triple Bottom Line”.

• The Ministry of Corporate Affairs (“MCA”) vide itsnotification dated February 27, 2014 has notifiedsection 135 and Schedule VII of Companies Act, 2013 and Companies (Corporate Social Responsibility Policy) Rules, 2014. Pursuant to which Companies are required to make expenditure on “CORPORATE SOCIAL RESPONSIBILITY (CSR)” activities which we have already undertaken which is with the compliances of DPE Guidelines. The Companies (Corporate Social Responsibility Policy) Rules, 2014 have come into force from 1st April 2014.

• Taking into consideration of aforesaid CSR guidelines, CCI has been involved in various CSR activities to generate community goodwill, create social impact and visibility. The outline of CCI’s CSR policy is as under:


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i) grEgAma {dOZ ñQ>oQ>‘|Q> :

• grEgAma grgrAmB© Ho$ {bE EH$ `moOZm~Õ J{V{d{Y`m± h¡ Omo {ZJ‘ Ho$ g§MmbZ Ho$ joÌ VWm Amgnmg Amdmgr` g‘wXm` H$s AnojmAm| H$mo b§~o g‘` VH$ AnZo j‘VmZwgma gH$mamË‘H$ à^md S>mbZo Ho$ bú` na {dMma H$aVm h¡ &

• ^mH${Z Ohm± pñWV h¡ AWdm Ohm± CZHo$ {hV b{jV h¡ CZ ñWmZm| na gm‘m{OH$ Am{W©H$ {dH$mg H$mo àmoËgm{hV H$aZo ‘| àoaUmXm`r ^y{‘H$m {Z^mZm Vm{H$ ^mH${Z joÌr` {dH$mg H$mo àmoËgm{hV H$aZo d H$m`© H$aZo H$m dmVmdaU {Z{‘©V H$a gHo$&

ii) grEgAma {‘eZ :

• BgHo$ g§MmbZ Ho$ g^r nhbwAm| ‘| J«mhH$m|, H$‘©Mm[a`m|,eo`aYmaH$m| g‘wXm`m| na {ZJ‘ H$s J{V{d{Y`m| Ho$ à^md Am¡a dmVmdaU H$s {Oå‘oXmar boVo hþE g‘mO Ho$ {hV ‘| H$m`© H$aZm &

• AnZo ñQ>oH$hmoëS>g© Ho$ {hVm| H$mo nhMmZVo hþE Am{W©H$ gm‘m{OH$ VWm AÀN>o dmVmdaU H$mo àmoËgm{hV ê$n go g§Mm{bV H$aZo H$s à{V~ÕVm H$aZm &

• {dH$mg H$mo ~‹T>mdm XoZo Ho$ CÔoí` d bmoH$ CnH$mar J{V{d{Y`m| go nao grEgAma Xoe H$mo Omo‹S>Zo Vm{H$ gm‘m{OH$ Am{W©H$ g§JR>Z d ì`mdgm{`H$ bú`m| VH$ nhþ±Mm Om gHo$ Ed§ CZHo$ à{V`moJr bm^m| H$mo gwa{jV d H$m`‘ aIm Om gHo$ &

• {ZJ‘ Ho$ g§gmYZm| H$s j‘Vm VWm AnZo g§MmbZ H$s AmYma^yV {Z^©aVm H$mo XoIVo hþE N>moQ>r go N>moQ>r BH$mB`m| O¡go Jm±dm|, n§Mm`V, ãbm°H$ AWdm {S>ñQ´rŠQ> Ho$ bm^m| H$mo gw{Z{üV H$aZm &

• {nN>bo VrZ {dËVr` dfm] Ho$ Xm¡amZ H§$nZr Ho$ ewÕ bm^m| ‘| go Am¡gVZ 2% VH$ {H$E IMm] Ho$ ^rVa bm^ hm{Z H$m {dMma {H$E ~J¡a gm‘m{OH$-Am{W©H$ grEgAma J{V{d{Y`m| H$mo em{‘b H$aZm &

iii) grEgAma Zr{V H$m do~ qbH$ :

• grEgAma J{V{d{Y`m| H$s dm{f©H$ [anmoQ>© {ZJ‘ Ho$ do~gmB©Q> www.cotcorp.org.in na CnbãY h¡ &

i) CSR Vision Statement:• The Corporate Social Responsibility (CSR) is a

planned set of activities for CCI which is targeted to have a significant positive impact in the longterm taking into consideration the Corporation's capabilities, expectations of the communities living in and around the areas of its operation as well as where it has its presence.

• Theaimistoplayacatalyticroleinthesustainablesocio-economic development in the regions where it is located or where its interests lie, attempting to create an enabling working environment for CCI as well as sustained regional development.

ii) CSR Mission:

• To serve the interests of society by takingresponsibility for the impact of Corporation’s activities on customers, employees, shareholders, communities and the environment in all aspects of its operations.

• Commitmenttooperateinaneconomically,sociallyand environmentally sustainable manner, while recognising the interests of its stakeholders.

• To closely linked with the practice of sustainabledevelopment and extends beyond philanthropic activities and reaches out to the integration of socio-economic and business goals to secure sustainable competitive advantage.

• Ensure benefits to the smallest unit i.e. village,panchayat, block or district depending upon operations and resource capability of the Corporation.

• To be involved in CSR activities as long termsustainable socio-economic development irrespective of loss/profit and expenditure limit of2%oftheaveragenetprofitsofthecompanymadeduring the three immediately preceding financialyears.

iii) Web link to CSR Policy:

• Annual Report on CSR activities is also available at the website of the Corporation at www.cotcorp.org.in

48 dt dm{f©H$ [anmoQ>© 2017-18

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grEgAma g{‘{V H$m JR>Z :

Zm‘ nXZm‘ loUr

S>m°. nr. A{„ amZr AÜ`j Ed§ à~§Y {ZXoeH$

AÜ`j

lr àXrn Hw$‘ma AJ«dmb

{ZXoeH$({dËV) gXñ`

lr E‘.E‘. MmoŠH$qbJ‘

{ZXoeH$({dnUZ) gXñ`

lr‘Vr J«ogr qnQ>mo ñdV§Ì {ZXoeH$ gXñ`

lr‘Vr am{OH$m Q>r. H$Mo[a`m

ñdV§Ì {ZXoeH$ gXñ`

lr Eb.Ho$. JwßVm, ‘w»` ‘hm à~§YH$({dËV/dm{U.) ZmoS>b A{YH$mar {ZJ‘ ‘| {ZJ{‘V gm‘m{OH$ Xm{`Ëd H$mo àma§^ H$aZo ‘| gh`moJ H$a|Jo VWm Bg na H$s JB© CÝZ{V H$mo ~moS©> ñVa g{‘{V Ho$ g‘j [anmoQ>© H$a|Jo &

g{‘{V Ho$ H$m`© {ZåZ{bpIV h¡ :

• ~moS©> Ho$ AZw‘moXZmW© grEgAma Zr{V gyÌ~Õ d {g’$m[ae H$aZm

• {dËVr` df© ‘| joÌdma àmoOoŠQ>g Ho$ {bE {Z{Y ~VmVo hþE àmoOoŠQ>g g{hV grEgAma J{V{d{Y`m| na {H$E OmZodmbo IM© H$s am{e H$mo {g’$m[ae H$aZm &

• H§$nZr Ûmam {bE JE grEgAma àmoOoŠQ>g Ho$ H$m`m©Ýd`Z na g‘`-g‘` na {Z`§ÌU aIZm &

{nN>bo VrZ {dËVr` dfm] Ho$ {bE H§$nZr H$m ewÕ Am¡gV bm^ `m{Z 2014-15 go 2016-17 :

ê$. 1390.70 bmI

{ZYm©[aV grEgAma ì`` (CnamoŠV ‘X g§. 3 ‘| ~Vm`o AZwgma am{e H$m 2 %

H§$nZr {Z`‘mdbr 2014 Ho$ AZwgma (grEgAma Zr{V) {nN>bo VrZ {dËVr` dfm] Ho$ Xm¡amZ H§$nZr Ûmam ewÕ Am¡gV bm^ H$m H$‘ go H$‘ 2 % grEgAma H$mo Am~§{Q>V {H$`m J`m & BZ ‘mJ©Xe©Zm| H$mo XoIVo hþE df© 2017-18 hoVw grEgAma J{V{d{Y`m| Ho$ A§VJ©V H$m`© H$aZo hoVw 27.81 bmI ê$. (`m{Z ‘X g§. 3 na {XE AZwgma ewÕ bm^ H$s Am¡gV H$m 2%) ~OQ> ~Zm`m J`m h¡ &

{dËVr` df© Ho$ Xm¡amZ grEgAma IM© H$m {ddaU :

H$) {dËVr` df© Ho$ {bE ì`` H$s OmZodmbr Hw$b am{e:

• VrZ nyd©dVu {dËVr` dfm] Ho$ Xm¡amZ Am¡gV ewÕ bm^m| go

Composition of the CSR Committee:

Name Designation Category

Dr. P. Alli Rani Chairman-cum-Managing Director

Chairperson

Shri Pradeep Kumar Agarwal

Director (Finance) Member

Shri M.M. Chockalingam

Director (Marketing)

Member

Ms. Grace Pinto Independent Director

Member

Ms. Rajika T. Kacheria

Independent Director

Member

ShriL.K.Gupta,CGM(F&C)/NodalOfficerwillfacilitatetheCSR and sustainability initiatives of the Corporation and report the progress before Board Level Committee

The terms of reference of the Committee is given below:

• FormulateandrecommendCSRpolicytotheBoardfor approval.

• Recommendtheamountofexpendituretobeincurredon theCSR activities in a financial year alongwithCSR projects to be undertaken earmarking funds for area-wise projects.

• Monitor from time to time the implementationof theCSR projects undertaken by the Company.

Average net profit of the company for last three financial year i.e., from 2014-15 to 2016-17:

Rs. 1390.70 Lakhs

Prescribed CSR expenditure (two percent of the amount as in item 3 above):

As per the Companies (Corporate Social Responsibility Policy) Rules, 2014 at least 2% of the averagenetprofitsofthecompanymadeduringthethree immediately preceding financial years shouldbe allocated to CSR. In view of these guidelines, Rs.27.81 lakhs is budgeted for undertaking CSR activities for 2017-18.

Details of CSR spent during the financial year:

a) Totalamounttobespentforthefinancialyear:

• Atleast 2% of the average net profits made during


38

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C.C.I.

Ý`yZV‘ 2 % `m{Z 27.81 bmI ê$; IM© {H$`m Om`oJm&

• {dËVr` df© 2016-17 hoVw boIm nar{jV {H$`o ~J¡a ewÕ bm^ na 32.19 bmI ê$. àma§{^H$ ~OQ> Amd§{Q>V {H$`m J`m & VËníMmV dm{f©H$ boImo Ho$ boIm narjm Ho$ AmYma na {dËVr` df© 2017-18 hoVw grEgAma ~OQ> 27.81 bmI ê$. g§emo{YV {H$`m J`m & VWm{n {ZJ‘ H$s grEgAma J{V{d{Y`m| Ho$ gm‘m{OH$-Am{W©H$ à^md H$mo XoIVo hþE ~OQ> H$s J{V{d{Y-dma Amd§Q>Z H$mo An[ad{V©V aIm J`m&

I) IM© Z H$s JB© am{e, `{X H$moB© :

J) df© 2017-18 Ho$ Xm¡amZ grEgAma J{V{d{Y`m± : {dËVr` df© 2017-18 Ho$ Xm¡amZ IM© H$s JB© am{e Ho$ {ddaU {ZåZmZwgma h¡ :-

joÌ SectorgrEgAma J{V{d{Y`m±

Details of CSR activities undertaken/Location

B§pßb‘|qQ>J EO|gr H$m Zm‘Name of Implementing

Agency

grEgAma J{V{d{Y`m| na IM© H$s JB© am{e

(ê$. bmI ‘|) Amount spent on

CSR activities (Rs. in Lakhs)~OQ>

BudgetdmñV{dH$ Actual

ñdÀN>Vm (H§$nZrO A{Y{Z`‘ 2013 Ho$ eoS>çyb VII H$s ‘X g§.(i) Sanitation (Item No. (i) of Schedule-VII of the Companies Act, 2013)

amOñWmZ amÁ` ‘| aqZJ dmQ>a H$s gw{dYm Ho$ gmW 5 gaH$mar ñHy$bm| ‘| ~m{bH$mAm| Ho$ {bE em¡Mmb` ~ZdmZo H$m H$m`© {H$`m:Construction of Girls Toilets withrunningwaterfacilityinfiveGovernment Schools in the State of Rajasthan:amOH$s` CÀM ‘mÜ`{‘H$ {dÚmb`, ~wgr, nmbrRajkiya Uchcha Madhyamik Vidyalay, Busi, Pali.lr AmB©Or {dÚmnrR>, Omdbr,nmbrShree IG Vidyapeeth, Jawali, Pali,amOH$s` ~m{bH$m CÀM ‘mÜ`{‘H$ {dÚmb`, ^monmbJ‹T>, OmoYnwaRajkiya Balika Uchaha Madhyamik Vidyalay, Bhopalgarh, Jodhpur.Rajkiya Uchcha Madhyamik Vidyalay, Bhopalgarh, Jodhpur. amOH$s` CÀM ‘mÜ`{‘H$ {dÚmb`, ^monmbJ‹T>, OmoYnwaRajkiya Balika Uchcha Madhyamik Vidyalay, Suvana, Bhilwara.

EZOrAmo (‘¡gg© OmJ¥{V godm g§ñWmZ, ~w§Xr, amOñWmZ) NGO (M/s. Jagrati Seva Sanstnan, Bundi, Rajasthan)

13.00 13.12

ñdÀN> J§Jm {Z{Y ‘| A§eXmZ (eoS>çwob - VII H$s ‘Xg§»¶m (iv))Contribution to Clean Ganga Fund (Item No. (iv) of Schedule-VII)

ñdÀN> J§Jm {Z{Y ‘| A§eXmZContribution to Clean Ganga Fund

grnrEgB© Ûmam grYo (^maVr` H$nmg {ZJ‘ {b.) Directly by the CPSE (Cotton Corporation of India Ltd.)

2.19 2.19

thethreeimmediatelyprecedingfinancialyearsi.e.Rs.27.81 lakhs.

• Initially budget of Rs. 32.19 lakh was allocated considering un-audited net profit for F.Y. 2016-17. Thereafter, on the basis of audited annual accounts, CSR budget for F.Y. 2017-18 was revised to Rs.27.81 lakhs. However, keeping in view of socio-economic impact of the CSR activities of the Corporation, activity-wise allocation of budget was kept unchanged.

b) Amount unspent, if any:

c) CSR Activities for 2017-18: Manner in which the amountspentduringthefinancialyear2017-18isdetailed below :

48 dt dm{f©H$ [anmoQ>© 2017-18

39


^m.H.{Z.

C.C.I.

geñÌ g¡Ý` ~b Ho$ g¡{ZH$, dm°a {dS>mo VWm CZHo$ Am{lVm| Ho$ {hVm| Ho$ {bE (‘X g§.(vi) H$s eoS>çyb VII)Benefittoarmedforcesveterans, war widows and their dependents (Item No. (vi) of Schedule-VII)

geñÌ g¡Ý` ~b Ho$ g¡{ZH$, dm°a {dS>mo VWm CZHo$ Am{lVm| Ho$ {hVm| Ho$ {bE geñÌ ~b ÜdO {Xdg {Z{Y ‘| A§eXmZ {X`m h¡Contribution in Armed Forces Flag DayFundforthebenefitofarmedforces veteran, war widows and the dependents

grnrEgB© Ûmam grYo (^maVr` H$nmg {ZJ‘ {b.)Directly by the CPSE (Cotton Corporation of India Ltd.)

5.00 5.00

J«m‘rU {dH$mg (‘X g§.(x) H$s eoS>çyb - VIIRural Development (Item No. (x) of Schedule-VII)

V{‘bZmSy>, H$Zm©Q>H$ d ‘Ü` àXoe amÁ`m| ‘| Cn`moJH$Vm© CÚmoJ em{‘b H$aHo$ bJ^J 7500 h¡ŠQ>g© joÌ ‘| B©EbEg H$nmg CËnmXZ H$mo ~‹T>mZo Ho$ {bE g§{dXmJV IoVr H$mo àmoËgm{hV {H$`m Encourage Contract Farming to increase production of ELS Cotton in about 7500 hectares area in the State Tamil Nadu, Karnataka and Madhya Pradesh, involving user Industry

amÁ` gaH$ma (amÁ` H¥${f ‘hm{dÚmb`) State Govt. (State Agriculture Universities)

12.00 12.13

Hw$b Total 32.19 32.44

{nN>bo VrZ {dËVr` dfm] Ho$ ewÕ Am¡gV bm^ H$m 2% ì`` Z H$aZo H$m H$maU :

grEgAma g{‘{V Ho$ CËVaXm{`Ëd H$s {ddaUr

^mH${Z ‘| grEgAma Zr{V H$m H$m`m©Ýd`Z d {Z`§ÌU grEgAma CÔoí` d H§$nZr Zr{V Ho$ AZwnmbZ Ho$ AZwgma hmoVm h¡ &

Reasons for not spending the 2% of average net profitoflastthreefinancialyears

Responsibility statement of the CSR Committee:

The implementation and monitoring of CCI’s CSR Policy is in compliance with CSR objectives and Policy of the Company.

Sd/- (E‘.E‘. MmoŠH$qbJ‘) (M.M. Chockalingam) {ZXoeH$ ({dnUZ) Director (Marketing) Sd/- (lr‘Vr J«ogr {n§Q>mo.) (Ms. Grace Pinto) ñdV§Ì {ZXoeH$ Independent Director

Sd/- (àXrn Hw$‘ma AJ«dmb) (Pradeep Kumar Agarwal) {ZXoeH$ ({dËV) Director (Finance) Sd/- (lr‘Vr am{OH$m Q>r. H$Mo[a`m) (Ms. Rajika T. Kacheria) ñdV§Ì {ZXoeH$ Independent Director

Sd/-(S>m°. nr. A{„ amZr)

(Dr. P. Alli Rani)AÜ`j Ed§ à~§Y {ZXoeH$



40

^m.H.{Z.

C.C.I.

’$m‘© Z§. E‘OrQ>r-9dm{f©H$ [aQ>©Z H$m gma

31.03.2018 H$mo g‘mßV {dËVr` df© na

H§$nZrO A{Y{Z`‘ 2013 H$s Ymam 92(3) VWm H§$nZrO (à~§YZ Ed§ àemgZ) {Z`‘mdbr 2014 Ho$ {Z`‘ 12(1) Ho$ AZwgaU ‘|

{ZXoeH$ [anmoQ>© H$m n[a{eîQ> ~rANNEXURE B TO DIRECTORS REPORT

I. n§OrH$aU d AÝ` {ddaU

I. REGISTARTION AND OTHER DETAILS

i) grAmB©EZ

CIN

: `y51490E‘EM1970OrAmoAmB©014733

U51490MH1970GOI014733ii) n§OrH$aU H$s VmarI

Registration Date

:31.07.1970

iii) H§$nZr H$m Zm‘

Name of the Company

: ^maVr` H$nmg {ZJ‘ {b{‘Q>oS>

The Cotton Corporation of India Limited

iv) loUr/H§$nZr H$s Cn loUr

Category/sub-Category of Company

: eoS>çyb ~r nrEg`y (eo`g© Ûmam àmBdoQ> H§$nZr {b.)

Schedule B PSU (Private Company limited by shares

v) n§OrH¥$V H$m`m©b` H$m nVm d g§nH©$ Ho$ {ddaU

AddressoftheRegisteredOfficeandcontactdetails

: H$nmg ^dZ, ßbm°Q> Z§. 3E, goŠQ>a 10, gr~rS>r ~obmnwa, Zdr ‘w§~B©, ‘hmamîQ´ 400 614 ’$moZ 022- 27571372

Kapas Bhavan, Plot No. 3A, Sector – 10, CBD Belapur, Navi Mumbai, Maharashtra – 400 614, Ph: 022-27571372

vi) Š`m H§$nZr gyMr~Õ h¡

Whether listed Company

: Zht

No

vii) a{OñQ´ma d Q´m§g’$a EO§Q> H$m Zm‘, nVm VWm g§nH©$ Ho$ {ddaU Name, Address and contact details of Registrar and transfer Agent, if any

: bmJy Zht

N/A

Form No. MGT – 9EXTRACT TO ANNUAL RETURNas on the financial year ended on 31.03.2018

[Pursuant to Section 92(3) of The Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014]

II. H§$nZr H$s ‘w»` ì`mnm[aH$ J{V{d{Y`m±

do g^r ì`mnm[aH$ J{V{d{Y`m± {Og‘| H§$nZr Ho$ Hw$b Q>Z©Amoda H$m 10% AWdm Cggo A{YH$ A§e em{‘b hmo

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing 10% or more of the total turnover of the Company shall be stated:-

H«$‘m§H$

Sr. No.Zm‘ VWm ‘w»` CËnmXZ

godmAm| H$m {ddaU Name and Description of main

products/services

àmoSo>ŠQ>/g{d©g H$m EZAmB©gr H$moS>

NIC Code of the Product/Service

H§$nZr Ho$ Hw$b Q>Z©Amoda H$m %

% to total turnover of the Company

1. H$nmgCotton

6021 99 %

48 dt dm{f©H$ [anmoQ>© 2017-18

41


^m.H.{Z.

C.C.I.

III. hmopëS§>J, gãgr{S>àr VWm Egmo{gEQ> H§$nZrO Ho$ {ddaU III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES

IV. SHAREHOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)

H«$‘m§H$

Sr. No.H§$nZr H$m Zm‘ VWm nVm

Name and Address of the Compan

grAmB©EZ/OrEbgr

CIN/GLC

hmopëS§>J/gãgr{S>àr/ Egmo{gEQ>

Holding/Subsidiary/ Associate

eo`g© H$m %

% of shares

held

bmJy Ymam

Applicable Section

eyÝ`

NIL

IV eoàhmopëS§>J n¡Q>Z© (Hw$b B©{¹$Q>r à{VeV Ho$ AZwgma B©{¹$Q>r eoà H¡${nQ>b ~«oH$-An)

i) loUrdma eoàhmopëS§>J / i) Category-wise Share Holding

eoàhmoëS>g© H$s loUr

Category of Shareholders

df© Ho$ Ama§^ ‘| eo`g© H$s g§»`mNo. of Shares held at the

beginning of the year

df© H$s g‘m{á ‘| eo`g© H$s g§»`mNo. of Share held at the end of the

year

df© Ho$ Xm¡amZ

n[adV©Z H$m %

% of change during

the year

S>r‘¡Q>

DematàË`j

PhysicalHw$b

Total

Hw$b eo`g© H$m %

% of total

Shares

S>r‘¡Q>

DematàË`j

PhysicalHw$b

Total

Hw$b eo`g© H$m %% of total

shares

H$. àmo‘moQ>g© A. Promoters(1) ^maVr`(1) Indian

H$)d¡`{º$H$/EM`wE’$a) Individual/

HUF

0 0 0 0 0 0 0 0 0.00

I) H|$Ðr` gaH$mab) Central Govt.

0 25,00,000 25,00,000 100 0 25,00,000 25,00,000 100 0.00

J) amÁ` gaH$mac) State Govt

0 0 0 0 0 0 0 0 0.00

K) ~m°S>rO H$m°nm}. d) Bodies Corp.

0 0 0 0 0 0 0 0 0.00

M) ~¢Šg/E’$AmB©e) Banks/FI

0 0 0 0 0 0 0 0 0.00

N) AÝ` H$moB© f) Any Other

0 0 0 0 0 0 0 0 0.00

(2) {dXoer(2) Foreign

0 0 0 0 0 0 0 0 0.00

I. npãbH$ eoà hmopëS§>JB. Public Shareholding

0 0 0 0 0 0 0 0 0.00


42

^m.H.{Z.

C.C.I.

i) loUrdma eoàhmopëS§>J / i) Category-wise Share Holding

eoàhmoëS>g© H$s loUr

Category of Shareholders

df© Ho$ Ama§^ ‘| eo`g© H$s g§»`mNo. of Shares held at the


df© H$s g‘m{á ‘| eo`g© H$s g§»`mNo. of Share held at the end of the

year

df© Ho$ Xm¡amZ

n[adV©Z H$m %

% of change during

the year

S>r‘¡Q>

DematàË`j

PhysicalHw$b

Total

Hw$b eo`g© H$m %

% of total

Shares

S>r‘¡Q>

DematàË`j

PhysicalHw$b

Total

Hw$b eo`g© H$m %% of total

sharesJ. ES>rAma d OrS>rAma Ho$ {bE A{âjH$ Ho$ eo`g©C. Shares held by Custodian for ADRs & GDRs

0 0 0 0 0 0 0 0 0.00

gH$b `moJ (H$ + I + J)Grand Total (A+B+C)

0 0 25,00,000 0 0 25,00,000 25,00,000 0 0.00

ii) àmo‘moQ>g© Ho$ eoà / Shareholding of Promoters

H«$‘m§H$ Sr. No.

eoàhmoëS>a H$m Zm‘

Shareholder’s Name

df© Ho$ Ama§^ ‘| eo`g© H$s g§»`m Shareholding at the beginning of the

year

df© H$s g‘m{á ‘| eo`g© H$s g§»`mShareholding at the end of the year

df© Ho$ Xm¡amZ

eoàYmaH$ ‘|

n[adV©Z H$m %% of

change in share-holding during

the year

eo`g© H$s g§»`m

No. of Shares

H§$. Ho$ Hw$b eo`g© H$m %

% of total Shares of the

Company

Hw$b eo`g© ‘| {Jadr / {dëb§J‘ `wŠV

eo`g© H$m %

% of shares pledged/

encumbered to total shares

eo`g© H$s g§»`m

No. of Shares

H§$. Ho$ Hw$b eo`g© H$m %


Company

Hw$b eo`g© ‘| {Jadr /

{dëb§J‘ `wŠV eo`g© H$m %

% of shares pledged/

encumbered to total shares

1. ^maV Ho$ amîQń{V(dñÌ ‘§Ìmb` Ûmam)PRESIDENT OF INDIA (through Ministry of Textiles)

25,00,000 100 NIL 25,00,000 100 NIL 0

48 dt dm{f©H$ [anmoQ>© 2017-18

43


^m.H.{Z.

C.C.I.

iii) àmo‘moQ>g© eoàhmopëS§>J ‘| n[adV©Z / Change in Promoters’ Shareholding

df© Ho$ Ama§^ ‘| eo`g© H$s g§»`m Shareholding at the


df© Ho$ Xm¡amZ g§M`r eoà hmopëS§>J

Cumulative Shareholding during

the year

eo`g© H$s g§.No. of Shares

H§$. Ho$ Hw$b eoà H$m %


Company

eo`g© H$s g§.No. of Shares

H§$. Ho$ Hw$b eoà H$m %% of total

Shares of the

Company01.04.2017 df© Ho$ Ama§^ ‘| At the beginning of the year 01.04.2017

25,00,000 100 25,00,000 100

d¥{Õ/H$‘r Ho$ H$maU gy{MV H$aVo hþE df© Ho$ Xm¡amZ àmo‘moQ>a eoà YmaU ‘| VmarIdma d¥{Õ/H$‘r (`m{Z Am~§Q>Z/Q´m§g’$a/~moZg/ñdrQ> B©{¹$Q>r BË`m{X) Date wise Increase /Decrease in Promoters Share holding during the year specifying the reasons for increase/ decrease (e.g. allotment transfer/ bonus/sweat equity etc):

NIL N/A NIL N/A

31.03.2018 H$s g‘m{á na At the End of the year 31.03.2018

25,00,000 100 25,00,000 100

iv) 10 Q>m°n eoàhmoëS>g© H$m eoà YmaU H$m n¡Q>Z© ({ZXoeH$, àmo‘moQ>g©, ES>rAma VWm OrS>rAma Ho$ YmaH$m| H$mo N>mo‹S>H$a) : /Shareholding Pattern of top ten shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):

àËòH$ 10 Q>m°n eoàhmoëS>g© Ho$ {bE For Each of the Top 10 Shareholders

df© Ho$ Ama§^ ‘| eo`g© H$s g§»`m Shareholding at the



Cumulative Shareholding during the

year

eo`g© H$s g§. No. of Shares


Shares of the

Company

eo`g© H$s g§. No. of Shares


Shares of the

Company

bmJy Zht / N/A


44

^m.H.{Z.

C.C.I.

{ZXoeH$ Ed§ ‘w»` à~§YZ H$m{‘©H$m| Ho$ eo`a hmopëS§>J:/ Shareholding of Directors and Key Managerial Personnel:

df© Ho$ Ama§^ ‘| eo`g© H$s g§»`m

Shareholding at the beginning of the year


Cumulative Shareholding during

the year

eo`g© H$s g§.

No. of Shares


Shares of the Company

eo`g© H$s g§.

No. of Shares


Shares of the

Company

bmJy Zht / N/A

V. F${UVmE°§ / INDEBTEDNESS

H§$nZr H$s F${UVmE°§ ~H$m`m/àmoX^yV ã`mO em{‘b H$aHo$ na§Vw ^wJVmZ Ho$ {bE Xo` Zht Indebtedness of the Company including interest outstanding/ accrued but not due for payment

{S>nm°{OQ> N>mo‹S>H$a a{jV F$U

Secured Loans excluding deposits

AZAma{jV F$U Unsecured

Loans

O‘mDeposits

Hw$b F${UVmE°§Total

Indebtedness

{dËVr` df© 01.04.2017 Ho$ àma§^ ‘| F${UVmE°§Indebtedness at the beginning of the financial year 01.04.2017

i. ‘yb am{e

i. Principal Amount

ii. ã`mO Xo` na§Vw ^wJVmZ Z {H$`m hþAm

ii. Interest due but not paid

iii. àmoX^yV ã`mO na§Vw Xo` Zht

iii. Interest accrued but not due

27,85,00,00,000

-

-

0

0

0

0

0

0

27,85,00,00,000

0

0

Hw$b (i + ii + iii) / Total (i + ii + iii) 27,85,00,00,000 0 0 27,85,00,00,000

{dËVr` df© Ho$ Xm¡amZ F${UVmAm| ‘| n[adV©Z Change in Indebtedness during the financial year

• Omo‹S>Zm

•Addition

• KQ>mZm

•Reduction

40,42,00,00,000

27,85,00,00,000

4,00,00,00,000

0

0

0

40,42,00,00,000

27,85,00,00,000

Hw$b n[adV©Z / Net Change 12,57,00,00,000 4,00,00,00,000 0 16,57,00,00,000

48 dt dm{f©H$ [anmoQ>© 2017-18

45


^m.H.{Z.

C.C.I.

{dËVr` df© 31.03.2018 H$s g‘m{á na F${UVmE°§ Indebtedness at the end of the financial year 31.03.2018

i. ‘yb am{e

i. Principal Amount

ii. ã`mO Xo` na§Vw ^wJVmZ Z {H$`m hþAm

ii. Interest due but not paid

iii. àmoX^yV ã`mO na§Vw Xo` Zht

iii. Interest accrued but not due

40,42,00,00,000

-

-

4,00,00,00,000

-

-

0

-

-

44,42,00,00,000

-

-

Hw$b (i + ii + iii) / Total (i + ii + iii) 40,42,00,00,000 4,00,00,00,000 0 44,42,00,00,000

VI. {ZXoeH$m| Ed§ ‘w»` à~§YZ H$m{‘©H$m| Ho$ nm[al{‘H$ REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

H$.A.

à~§Y {ZXoeH$, nyU©H$m{bH$ {ZXoeH$m| VWm/AWdm à~§YH$ Ho$ nm[al{‘H$ Remuneration to Managing Director, Whole-time Directors and/or Manager:

H«$.g§.Sr. No.

nm[al{‘H$ Ho$ ã`m¡aoParticulars of Remuneration

à~§Y {ZXoeH$/S>ãë`yQ>rS>r/à~§YH$ Ho$ Zm‘Name of MD/ WTD/ Manager

Hw$b am{eTotal Amount

S>m°. nr A{„ amZr, AÜ`j Ed§ à~§Y {ZXoeH$ Dr. P. Alli

Rani,CMD

lr àXrn Hw$‘ma AJ«dmb, {ZXoeH$

({dËV)Shri Pradeep K. Agarwal,

Director (Finance)

lr E‘.E‘. MmoŠH$qbJ‘, {ZXoeH$

({dnUZ)Shri M. M.

Chockalingam, Director

(Marketing) 1. gH$b doVZ / Gross salary

H$) Am`H$a A{Y{Z`‘ 1961 H$s Ymam 17(1) Ho$ AZwgma doVZ H$m àmdYmZ

(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961,

I) Am`H$a A{Y{Z`‘ 1961 H$s Ymam 17(2) Ho$ A§VJ©V n[abpãY`m| H$m ‘yë`

(b) Value of perquisites u/s 17(2) Income-tax Act, 1961,

20,77,904

2,73,726

37,68,231

39,600

41,46,570

39,600

99,92,705

3,52,926

J) Am`H$a A{Y{Z`‘ 1961 H$s Ymam 17(3) Ho$ A§VJ©V àmo{’$Q> BZ ë`y Am°’$ g¡bar

(c) Profits in lieu of salary undersection 17(3) Income-tax Act, 1961

0 0 0 0

2. ñQ>m°H$ {dH$ënStock Option

0 0 0 0

3. ñdrQ> B©{¹$Q>r Sweat Equity

0 0 0 0


46

^m.H.{Z.

C.C.I.

4. H$‘reZ -bm^ % Ho$ AZwgma Commission–as%ofprofit

0 0 0 0

Hw$b (H$) TOTAL (A) 23,51,630 38,07,831 41,86,170 1,03,45,631

A{Y{Z`‘ Ho$ AZwgma grqbJ Ceiling as per act

I./ B. AÝ` {ZXoeH$m| Ho$ nm[al{‘H$ / Remuneration to other Directors:

nm[al{‘H$ Ho$ ã`m¡ao / Particulars of Remuneration

{ZXoeH$ Ho$ Zm‘ / Name of Directors

Hw$b am{e / Total

Amountlr Oo.Ho$. XmXySHRI J. K. DADOO

lr gw~«V JwßVmSHRI

SUBRATA GUPTA

lr Eg. Ama. Jm`H$dm‹S>

SHRI S. R. GAIKWAD

lr‘Vr J«og qnQ>mo

MS. GRACE PINTO

lr‘Vr am{OH$m Q>r. H$Mo[a`m

MS. RAJIKA T. KACHERIA

ñdV§Ì {ZXoeH$/Independent Directors~moS©> / H$‘oQ>r ~¡R>H$m| ‘| ^mJ boZo Ho$ {bE ewëH$ Fee for attending board/committee meetingsH$‘reZCommission AÝ` H¥$n`m ñnîQ> H$a| Others, please specify

0 0 0 40,000 40,000 80,000

Hw$b (1) / Total (1) 0 0 0 40,000 40,000 80,000

AÝ¶ J¡a H$m¶©H$mar {ZXoeH$ /Other Non-Executive Directors ~moS©> / H$‘oQ>r ~¡R>H$m| ‘| ^mJ boZo Ho$ {bE ewëH$ Fee for attending board/committee meetingsH$‘reZCommissionAÝ` H¥$n`m ñnîQ> H$a| Others, please specify

0 0 0 0 0 0

Hw$b (2) / Total (2) 0 0 0 0 0 0

Hw$b (1+2) / Total (1+2) 0 0 0 40,000 40,000 80,000

48 dt dm{f©H$ [anmoQ>© 2017-18

47


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VII. Ow‘m©Zm/gOm/ H§$nmC§qS>J AnamY: VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES :

àH$maType

H§$nZrO A{Y{Z`‘ H$s

Ymam Section of the

Companies Act

g§{jßV {ddaU Brief

Description

Ow‘m©Zm/gOm/A{YemofU H§$nmC§qS>J

ewëH$ Details of Penalty/

Punishment/ Compounding fees

imposed

àm{YH¥$V (AmaS>r/EZgrEbQ>r/grAmo`wAmaQ>r)

Authority [RD/NCLT/COURT]

Anrb `{X H$moB© hmo ({ddaU X|) Appeal made,

if any (give Details)

H§$nZr / COMPANYOw‘m©Zm / Penalty NIL NIL NIL

X§S> / Punishment NIL NIL NIL

H§$nmC§qS>J / Compounding

NIL NIL NIL

{ZXoeH$ / DIRECTORS

Ow‘m©Zm / Penalty NIL NIL NIL



NIL NIL NIL

AÝ` Xmofr A{YH$mar / OTHER OFFICERS IN DEFAULT

Ow‘m©Zm / Penalty NIL NIL NIL



NIL NIL NIL


48

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ADDENDUM TO DIRECTORS’ REPORT FOR THE YEAR 2017-18

Reply to comments of Joint Statutory Auditors:

Comment of the Auditors :

1. The Company has reversed Accumulated provision of interest on Punjab Infrastructure Cess amounting to Rs. 6459.99 lakh which includes accumulated provision of interest of Rs. 5685.32 lakh from 2006-07 till 2016-17 and Rs. 774.67 lakh for the year ended 31st March 2018. The whole provision of Rs. 6459.99 lakh has been reversed through the Statement of Profit and Loss (Exceptional Items-Provision no longer required – Note 30) for the current year ended 31st march 2018.

No change in the basis of providing the interest on Punjab Infrastructure Cess has taken place during the year. The company also has a pending appeal with the Hon’ble Supreme Court on levy of Cess under Punjab Infrastructure (Development and Regulation) Act, 2002 after having lost the case in Hon’ble Punjab and Haryana High Court. Also, as per Interest Act, 1978, the Hon’ble Court, if it thinksfit,mayallow interest to thepersonentitledto the debt. In view of these facts, we are of the opinion, that, the Provision of Interest on Punjab Infrastructure Cess should not have been reversed. This wrong reversal of accumulated provision of interest on Punjab Infrastructure Cess has resulted in suppression of losses by Rs. 6459.99 lakh and understatement of Provisions by Rs. 6459.99 lakh. Had this amount of provision not been reversed the loss before tax would have been Rs. 4091.60 lakh insteadofprofitbefore taxofRs.2368.39 lakhasshown in Revised Statement of Profit and Loss,The other equity (Retained Earnings) would have been lower by Rs. 3657.60 lakh (Net of Taxes) and Earning per Share (EPS) would have been negative to the tune of Rs. 108.97 instead of positive Earning per Share (EPS) of Rs. 37.34.

2. Alternatively, to comply with the observation (POM-1) of the Comptroller and auditor General of India, Mumbaioffice:

a. The Company should have adjusted Rs. 4910.65 lakh from retained earnings as at 01.04.2016, Rs. 774.67 lakh as at 31.03.2017 and balance of Rs. 774.67 lakh from the current years Provision for interest on Punjab Infrastructure Cess (Note 29E) debited inStatementofProfitandLoss,whereas,

df© 2017-18 hoVw {ZXoeH$ [anmoQ>© H$m n[a{eîQ>

g§`wŠV gm§{d{YH$ boIm narjH$m| H$s {Q>ßn{U`m| na CËVa :

boIm narjH$m| H$s {Q>ßn{U`m± :

1. H§$nZr Zo n§Om~ B§’«$mñQ´ŠMa gog na 6459.99 bmI ê$. H$s am{e {Og‘| 2006-07 go 2016-17 VH$ 5685.32 bmI ê$. VWm {XZm§H$ 31 ‘mM©, 2018 df© Ho$ {bE 774.67 bmI ê$. ã`mO H$m g§{MV àmdYmZ em{‘b h¡ H$mo [adg© {H$`m h¡ & {XZm§H$ 31 ‘mM©, 2018 H$mo g‘mßV Mmby df© Ho$ {bE bm^ d hm{Z {ddaUr go 6459.99 bmI ê$. H$m g§nyU© àmdYmZ [adg© {H$`m h¡ & (AndmXmË‘H$ ‘X| àmdYmZ H$s Amdí`H$Vm Zht h¡- ZmoQ> 30)

df© Ho$ Xm¡amZ n§Om~ B§’«$mñQ>ŠMa gog na ã`mO XoZo Ho$ AmYma ‘| H$moB© n[adV©Z Zht hþAm h¡ & ‘mZZr` n§Om~ d h[a`mUm CÀM Ý`m`mb` ‘| ‘m‘bm hmaZo Ho$ níMmV n§Om~ B§’«$mñQ>ŠMa ({dH$mg d {d{Z`‘Z) A{Y{Z`‘ 2002 Ho$ A§VJ©V gog H$s CJmhr na ‘mZZr` gdm}ÀM Ý`m`mb` go H§$nZr H$s Anrb b§{~V h¡ & ã`mO A{Y{Z`‘ 1978 Ho$ AZwgma ‘mZZr` Ý`m`mb` `{X `mo½` g‘PVm h¡ Vmo F$U Ho$ hH$Xma ì`{º$ H$mo ã`mO ^wJVmZ H$s AZw‘{V Xo gH$Vm h¡ & BZ VÏ`m| H$mo XoIVo hþE h‘mar am` h¡ {H$ n§Om~ B§’«$mñQ>ŠMa gog na ã`mO Ho$ àmdYmZ H$mo [adg© Zht {H$`m OmZm Mm{hE Wm & n§Om~ B§’«$mñQ>ŠMa gog na ã`mO Ho$ g§{MV àmdYmZ H$mo JbV ê$n go hQ>mZo Ho$ n[aUm‘ñdê$n 6459.99 bmI ê$. hm{Z H$m A{YH«$‘U hþAm VWm 6459.99 bmI ê$. Ûmam àmdYmZ ‘| H$‘r Am`r & `{X, Bg àmdYmZ H$mo [adg© Z {H$`m J`m hmoVm, Vmo g§emo{YV bm^ d hm{Z H$s {ddaU ‘| Xem©EZwgma 2368.39 bmI ê$. bm^ Ho$ ñWmZ na 4091.00 bmI ê$. H$a Ho$ nyd© hm{Z hmoVr & AÝ` B{¹$Q>r (arQ>|S> AO©Z) 3657.60 bmI (H$a H$m ewÕ) ê$. Ûmam H$‘ hmoVr VWm à{Veo`a AO©Z (B©nrEg) 37.34 ê$. Ho$ gH$mamË‘H$ à{Veo`a AO©Z Ho$ ñWmZ na 108.97 ê$. ZH$mamË‘H$ hmoVm &

2. Bgr àH$ma, {Z`§ÌH$ Ed§ ^maV Ho$ ‘hm boIm narjH$, ‘w§~B© H$m`m©b` H$s {Q>ßn{U`m| (nrAmoE‘-I) Ho$ AZwnmbZ Ho$ {bE:

H$) H§$nZr H$mo n§Om~ B§’«$mñQ>H$Ma gog na ã`mO Ho$ {bE bm^ d hm{Z {ddaUr ‘| So>{~Q> Ho$ ê$n ‘| Mmby df© Ho$ àmdYmZ go 01.04.2016 H$mo arQ>|S> AO©Z Ho$ ê$n ‘| 4910.65 bmI ê$. 31.03.2017 H$mo 774.67 bmI ê$. VWm Mmby df© Ho$ àmdYmZ go 774.67 bmI ê$. eof H$m g‘m`moOZ {H$`m

48 dt dm{f©H$ [anmoQ>© 2017-18

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the Company has reversed whole provision of interest on Punjab Infrastructure Cess amounting to Rs.6459.99lakhthroughtheStatementofProfitandLoss (Exceptional Items Expense/(Income) - Note No. 30) as provision no longer required, for current year ended 31st march 2018 which has resulted in suppression of current year’s Losses by Rs.5685.32 lakh, The other equity (Retained Earnings) would have been higher by Rs.2531.68 lakh (Net of Taxes) and Earning per Share (EPS) would have been negative to the tune of Rs. 88.81 instead of positive Earning per Share (EPS) of Rs. 37.34.

b. Again, the Company should have adjusted Rs. 774.67 lakh provision pertaining to current year from the Provision for interest on Punjab Infrastructure Cess (Note 29E) already debited whereas, the Company has not reversed the current year’s provision from the expenditure already debited but has reversed Rs. 774.67 lakh through Exceptional Items Expense/(Income) – Provisions no longer required (Note 30) resulting in overstatement of Other expenses – ProvisionandWriteoffexpenses(Note29E) to thetune of Rs. 774.67 lakh and also overstatement of Exceptional Items Expense/(Income) – Provisions no longer required (Note 30) by Rs. 774.67 lakh.

c. Since the Company has reversed the accumulated provision, it should have treated Rs.6459.99 lakh being provision of interest on Punjab Infrastructure Cess as a contingent liability and disclosed the same in the notes to accounts as per Ind AS37.

3. The Company has not given complete disclosure as required under para 84 and para 85 of Ind As 37 for the provisions like Provision for Punjab Infrastructure Cess amounting to Rs. 4303.69 lakh, Provision for expenses amounting to Rs. 151.09 lakh, Provision for interest on outstanding dues to MSME amounting toRs.141.85 lakhandotherstaffrelatedprovisionsamounting to Rs. 1416.58 lakh disclosed under note no. 17 of Revised Financial Statements.

4. The Company has not disclosed the transaction with Company Secretary who is a Key Management personnel as per section 203(2) of the companies Act, 2013. The Company has also not disclosed the compensation to other Key management Personnel as per para 17 of Ind AS 24.

5. The Company has not used the word “Revised” in the Financial Statements approved by the Board in its meeting held on 23rd August 2018 on which our

OmZm Mm{hE Wm (ZmoQ> 29 B©)& O~{H$ H§$nZr Zo bm^ d hm{Z {ddaUr go {X. 31 ‘mM©, 2018 H$mo g‘mßV Mmby df© Ho$ {bE nyao àmdYmZ 6459.99 bmI é. H$mo [adg© H$a {X`m (AndmXmË‘H$ ‘X ì``/(Am`) ZmoQ> g§. 30) {OgHo$ n[aUm‘ñdê$n Mmby df© ‘| 5685.32 am{e hm{Z Ho$ A{YH«$‘U H$m n[aUm‘ ^wJVZm n‹S>m & AÝ` B{¹$Q>r (arQ>|S> AO©Z) 2351.68 bmI ê$. go A{YH$ hmoVr Wr (H$a H$m ewÕ) VWm à{V eo`a AO©Z 37.34 gH$mamË‘H$ à{V eo`a AO©Z Ho$ ñWmZ na 88.81 ê$. go ZH$mamË‘H$ ê$n ‘| hmoVr Wr &

I) {’$a, H§$nZr Zo nhbo hr So>{~Q> {H$`m hþAm (ZmoQ> 29 B©) n§Om~ B§’«$mñQ>ŠMa gog na ã`mO Ho$ {bE àmdYmZ go Mmby df© go g§~§{YV 774.67 bmI ê$. H$m àmdYmZ g‘m`mo{OV {H$`m OmZm Mm{hE Wm, O~{H$ H§$nZr Zo nhbo go hr So>{~Q> {H$E JE ì`` go Mmby df© Ho$ àmdYmZ H$mo [adg© Zht {H$`m naÝVw AndmXmË‘H$ ‘X ì``/(Am`)- àmdYmZ H$s Amdí`H$Vm Zht (ZmoQ> 30) [ad©g H$a {X`m J`m {OgHo$ n[aUm‘ñdê$n 774.67 bmI ê$. AÝ` ì`` Ho$ AmodañQ>oQ>‘|Q> àmdYmZ d ì`` ~Å>oImVo S>mbZm (ZmoQ> 29 B©) VWm 774.67 bmI ê$. Ûmam AndmXmË‘H$ ‘X ì`` (Am`)- àmdYmZ H$s A~ Amdí`H$Vm Zht (ZmoQ> 30) 774.67 bmI é. go [adg© {H$`m J`m &

J) My§{H$ H§$nZr Zo g§{MV àmdYmZ H$mo [adg© H$a {X`m h¡ O~{H$ B§S>EEg 37 Ho$ AZwgma 6459.99 bmI ê$. n§Om~ B§’«$mñQ>ŠMa gog na ã`mO Ho$ àmdYmZ H$m boIm Ho$ ZmoQ²g ‘| AmH$pñ‘H$ Xo`Vm Ho$ ê$n ‘| àH$Q>Z {H$`m OmZm Mm{hE Wm &

3) H§$nZr Zo B§S> E Eg 37 H$s n¡am 84 d 85 Ho$ A§VJ©V nyU© ê$n go Amdí`H$ àH$Q>Z O¡go n§Om~ B§’«$mñQ>ŠMa gog Ho$ {bE 4303.69 bmI ê$. am{e H$m àmdYmZ, ì`` Ho$ ê$n ‘| 151.09 bmI ê$. H$s am{e 141.85 bmI ê$. H$m E‘EgE‘B© H$s ~H$m`m am{e na ã`mO Ho$ ê$n ‘| àmdYmZ VWm g§emo{YV {dËVr` {dda{U`m| Ho$ ZmoQ> g§. 17 Ho$ A§VJ©V 1416.85 bmI ê$. am{e H$m AÝ` ñQ>m’$ [aboQ>oS> àmdYmZm| H$m àH$Q>Z Zht {H$`m h¡&

4) H§$nZr Zo H§$nZr g{Md go boZXoZ H$m àH$Q>Z Zht {H$`m Omo H§$nZr A{Y{Z`‘ 2013 H$s Ymam 203 (2) Ho$ AZwgma ‘w»` à~§YZ H$m{‘©H$ h¡ & H§$nZr Zo B§S>EEg 24 H$s n¡am 17 Ho$ AZwgma AÝ` ‘w»` à~§YZ H$m{‘©H$m| Ho$ gmW à{VnyVu H$m àH$Q>Z ^r Zht {H$`m h¡ &

5) H§$nZr Zo {XZm§H$ 23 AJñV, 2018 H$mo Am`mo{OV ~moS©> ‘§S>b H$s ~¡R>H$ ‘| AZw‘mo{XV {dËVr` {dda{U`m| ‘| "'g§emo{YV' eãX H$m à`moJ Zht {Ho$`m {Og na h‘mao


50

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independent auditors report is being issued.

6. Balances under Trade Receivables (Other than NTC), Trade payables, EMD / Deposits / Retention money as detailed hereunder are subject to confirmation/Reconciliation and consequentadjustments, if any.

(Rs. In Crores)

Part

icul

ars

Bal

ance

as

at

31.0

3.20

18

Bal

ance

R

econ

cile

d/

Con

firm

ed

Diff

eren

ce

% o

f bal

ance

no

t con

firm

ed/

reco

ncile

d

Trade Receivable (Other than NTC)

214.95 0.10 214.85 99.95%

Trade Payables

65.60 1.86 63.74 97.16%

EMD/Deposits/ Retention Money

53.14 5.54 47.60 89.57%

Reply of the Management:

1. Punjab State issued Notification dated 11.7.2002vide which it was provided that every Dealer shall be liable to pay infrastructure cess @1% on purchase of agricultural produce including cotton. It was enacted vide Punjab Infrastructure Development Act, 1998 and the Punjab Infrastructure Development Cess (Collection Rules), 1998. It was effective from1.4.2005. The cess was increased from 1% to 2% witheffectfrom1.4.2008.ItwaschallengedinthePunjab and Haryana High Court, Chandigarh by the Corporation in Civil Writ Petition–3713-2008 titled Cotton Corporation of India Vs. State of Punjab & Others. The High Court of Punjab and Haryana at Chandigarh, vide decision dated 22.6.2009 disposed off CWP 6676 of 1999 titled FoodCorporation of India Vs. State of Punjab and another stating that this judgment shall also dispose of the connected batch of 112 writ petitions including that of the Corporation. Against the judgment of Punjab and Haryana High Court, Chandigarh, SLP has been filed in theHon’ble SupremeCourt of Indiawhich is pending for final adjudication. However,the Government of Punjab has exempted the cotton from levy of Punjab Infrastructure cess w.e.f. 03.02.2014videnotificationdated03.02.2014.

The SLP which is pending for adjudication with

ñdV§Ì boIm narjH$ H$s [anmoQ>© Omar H$s Om ahr h¡ &

6) ZrMo d{U©V ì`mnma àmß` (EZQ>rgr H$mo N>mo‹S>H$a), ì`mnma ^wJVmZ, B©E‘S>r& {S>nm°{OQ²g/ arQ>|eZ ‘Zr Ho$ A§VJ©V ~H$m`m eof nw{ï>/g‘mYmZ VWm g‘m`moOZ Ho$ AYrZ h¢, `{X H$moB© hmo :

(ê$. H$amo‹S> ‘|)

ã`m¡a

o

31.0

3.20

18

H$mo eof

g‘m

YmZ/

nw{ï

> {H

$E J

E eof

A§Va

nw{ï>/

g‘m

YmZ

{H$E

JE

eof

H$m %

(EZQ>rgr H$mo N>mo‹S>H$a) ì`mnma àmß`

214.95 0.10 214.85 99.95%

ì`mnma ^wJVmZ `mo½`

65.60 1.86 63.74 97.16%

B©E‘S>r/O‘m/arQ>|eZ ‘Zr

53.14 5.54 47.60 89.57%

à~§YZ H$m CËVa

1. n§Om~ amÁ` H$s A{YgyMZm {XZm§H$ 11.07.2002 Ûmam `h àmdYmZ {H$`m J`m {H$ àËòH$ S>rba Ûmam H¥${f CËnmXZ H$s IarX na 1% BÝ’«$mñQ´ŠMa gog H$m ^wJVmZ {H$`m OmEJm {Og‘| H$nmg ^r em{‘b h¡ & `h n§Om~ BÝ’«$mñQ´ŠMa {dH$mg A{Y{Z`‘, 1998 Ûmam VWm n§Om~ BÝ’«$mñQ´ŠMa {dH$mg gog (H$boŠeZ {Z`‘mdbr) 1998 Ûmam bmJy {H$`m J`m Wm & `h {XZm§H$ 1.4.2005 go à^mdr Wm & {XZm§H$ 1.4.2008 go gog ‘| 1% go 2% ‘| d¥{Õ H$s JB© & n§Om~ d h[a`mUm CÀM Ý`m`mb`, M§S>rJ‹T> ‘| {g{db [aQ> noQ>reZ 3713-2008 Ûmam ^mH${Z ~Zm‘ n§Om~ amÁ` gaH$ma d AÝ` Zm‘ go {ZJ‘ Ûmam BgH$s MwZm¡Vr Xr JB© & n§Om~, h[a`mUm CÀM Ý`m`mb`, M§S>rJ‹T> Ûmam {XZm§H$ 22.6.2009 {ZU©` Ûmam ^maVr` ImÚ {ZJ‘ ~Zm‘ n§Om~ amÁ` d AÝ` Ho$ nj ‘| 1999 Ho$ gr S>ãë`y nr 6676 H$m {ZnQ>mZ {H$`m J`m {H$ Bg {ZU©` na {ZJ‘ H$m [aQ> noQ>reZ Xmà H$aHo$ Bggo H$ZoŠQ>oS> 112 [aQ> noQ>reÝg H$m ^r {ZnQ>mZ {H$`m OmEJm & n§Om~ d h[a`mUm CÀM Ý`m`mb`, M§S>rJ‹T> Ho$ {ZU©` Ho$ {dê$Õ ^maVr` gdm}ÀM Ý`m`mb` ‘| EgEbnr Xmà {H$`m J`m Omo A§{V‘ {ZU©` Ho$ {bE b§{~V h¡ & VWm{n, n§Om~ gaH$ma Zo A{YgyMZm {XZm§H$ 3.2.2014 Ûmam {XZm§H$ 3.2.2014 go H$nmg na n§Om~ B§’«$mñQ>ŠMa gog bJmZo go ‘wŠV aIm J`m h¡ &

EgEbnr Omo ‘mZZr` gdm}ÀM Ý`m`mb` Ho$ nmg {ZU©` Ho$

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the Hon’ble Supreme Court of India is relating to challenging the validity of levy of Punjab infrastructure Cess, for which the necessary provision towards Punjab Infrastructure Cess has been made in the books of accounts of the Corporation, and not the interest.

In the light of interpretation made during the course of supplementary audit and scrutiny of the issue related to Punjab Infrastructure Cess and liability of the Corporation on account of interest thereupon, this matter was revisited by the Corporation.

Ithasbeennoted that there isnospecificprovisionunder the PIDR Act to levy interest on cess. It has been settled by the Apex Court that unless there is a specific charging provision relating to interest, nointerest can be charged under the Act. The issue stands settled by the judgment of Hon’ble Supreme Court of India in the case of Khemka & Co. Agencies (P) Ltd. Vs. State of Maharashtra (1975) 2 SCC 22, wherein, it was held that no interest is payable in absenceofanyspecificprovisionregardinglevyingofinterest and that was a case under the Central Sales Tax Act 1956.

Similarly, in another case relating to Central Sales Tax Act, 1956, India Carbon Ltd. Vs. State of Assam (1997)106 STC 460, the Apex Court observed in a similar manner and held that no interest is payable by theassessesinabsenceofaspecificprovisionintheAct itself. The Apex Court in this judgment has declared that only levies specified in theCSTAct 1956 itselfcan be recovered by taking assistance of machinery provision of State Sales Tax Act. It has been observed that the provisions which have been considered in the said judgment are similar to provisions of Sec. 25 (3) in the PIDR Act 2002. Therefore, Sec. 25 (3) cannot be invoked for the levy of interest under the PIDR Act. The section 25 (3) is only a machinery provision. In various judgments of Apex court, it is clear that no interest can be charged by the authority in absence of specific provision of interest in theAct itself i.e.Punjab Infrastructure & Development and Regulation Act, 2002.

In view of the various judgments of Hon’ble Supreme Court and as per the existing provisions of Punjab Infrastructure (Development & Regulation) Act, 2002, the management was of the opinion that the provision of interest made on Punjab infrastructure

{bE b§{~V h¡ dh n§Om~ B§’«$mñQ>ŠMa gog Ho$ CJmhr H$s d¡ÚVm H$mo MwZm¡Vr XoZo go g§~§{YV h¡ {OgHo$ {bE {ZJ‘ Ho$ boIm nwñVH$m| ‘| n§Om~ B§’«$mñQ>ŠMa gog Ho$ {bE Amdí`H$ àmdYmZ {H$`m J`m h¡ Am¡a Z {H$ ã`mO Ho$ {bE àmdYmZ {H$`m J`m &

n§Om~ B§’«$mñQ>ŠMa gog go g§~§{YV àíZ H$s nyaH$ boIm narjm d Om±M Ho$ Xm¡amZ H$s JB© ì`m»`m VWm ã`mO Ho$ boIo na {ZJ‘ H$s Xo`Vm H$mo XoIVo hþE {ZJ‘ Ûmam Bg ‘m‘bo na nwZ: Jm¡a {H$`m J`m h¡ &

`h ZmoQ> {H$`m J`m h¡ {H$ A{Y{Z`‘ Ho$ A§VJ©V gog na ã`mO H$s CJmhr H$m H$moB© {d{eîQ> àmdYmZ Zht h¡& EnoŠg Ý`m`mb` Ûmam h {Z{U©V {H$`m J`m h¡ {H$ ã`mO Ho$ g§~§Y ‘| O~ VH$ H$moB© {d{eîQ> Mm{OªJ H$m àmdYmZ Z hmo, Bg A{Y{Z`‘ Ho$ A§VJ©V H$moB© ã`mO MmO© Zht {H$`m OmEJm & Io‘H$m E§S> H§$ EO|grO (nr) {b{‘Q>oS> ~Zm‘ ñQ>oQ> Am°’$ ‘hmamîQ´ (1975) 2 Eggrgr 22 Ho$ ‘m‘bo ‘| `h ‘wÔm ‘mZZr` gdm}ÀM Ý`m`mb` Ho$ {ZU©` na {Z{U©V {H$`m J`m h¡ {H$ {Og‘| ã`mO H$s CJmhr Ho$ ~mao ‘| {H$gr {d{eîQ> àmdYmZ H$s AZwnpñW{V ‘| ^wJVmZ `mo½` ã`mO Xo` Zht h¡ VWm `h ‘m‘bm Ho$ÝÐr` {~H«$sH$a A{Y{Z`‘ 1956 Ho$ AYrZ h¡ &

d¡go hr, Ho$ÝÐr` {~H«$sH$a A{Y{Z`‘ 1956 go g§~§{YV AÝ` ‘m‘bo ‘| B§{S>`m H$m~©Z {b{‘Q>oS> ~Zm‘ Ag‘ amÁ` (1997) 106 EgQ>rgr 460, EnoŠg Ý`m`mb` Zo d¡go hr Bg na {Q>ßnUr Xr VWm nm`m {H$ A{Y{Z`‘ ‘| hr {d{eîQ> àmdYmZ H$s AZwnpñW{V ‘| {ZYm©[a{V`mo Ûmam ^wJVmZ `mo½` ã`mO Xo` Zht h¡ & EnoŠg Ý`m`mb` Zo AnZo {ZU©` ‘| `h Kmo{fV {H$`m h¡ {H$ grEgQ>r A{Y{Z`‘ 1956 ‘| {Z{X©îQ> H$amamonU H$mo hr amÁ` {~H«$sH$a A{Y{Z`‘ Ho$ ‘erZar àmdYmZ Ho$ ê$n go dgybr H$a gH$Vm h¡ & `h nm`m J`m h¡ {H$ H${WV {ZU©` ‘| {dMmamW© àmdYmZ nrAmB©S>rAma A{Y{Z`‘ 2002 H$s Ymam 25(3) Ho$ àmdYmZ O¡go h¡& Bgr{bE nrAmB©S>rAma A{Y{Z`‘ Ho$ AYrZ ã`mO H$s CJmhr hoVw Ymam 25 (3) bmJy Zht H$s Om gH$Vr & Ymam 25(3) Ho$db ‘erZar àmdYmZ h¡ & EnoŠg Ý`m`mb` Ho$ {d{^ÝZ {ZU©`m| go `h ñnîQ> h¡ {H$ A{Y{Z`‘ ‘| hr ã`mO Ho$ {d{eîQ> àmdYmZ H$s AZwnpñW{V ‘| àm{YH$mar Ûmam ã`mO Zht bJm`m Om gH$Vm `m{Z, n§Om~ B§’«$mñQ´ŠMa d {dH$mg {d{Z`‘Z A{Y{Z`‘, 2002 ‘| ^r &

‘mZZr` gdm}ÀM Ý`m`mb` Ho$ {d{^ÝZ {ZU©`m| VWm n§Om~ B§’«$mñQ>ŠMa ({dH$mg d {d{Z`‘Z) A{Y{Z`‘ 2002 Ho$ dV©‘mZ àmdYmZm| Ho$ AZwgma à~§YZ H$s `h am` Wr {H$ n§Om~ B§’«$mñQ>ŠMa gog na 6459.99 bmI ê$. H$s am{e


52

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Cess amounting to Rs. 6459.99 lakh so far is no longer required and was in fact suppressing the real earnings of the company.

As regard Interest Act 1978, whereby Hon’ble court,

ifdeemsfit,mayallowinteresttothepersonentitledto the debt, as mentioned by Statutory Audit, it is to state that to levy interest under Interest Act 1978, a cause of action must arise and also there is a debt. It means that there is a demand on a person in writing to pay the demand amount failing which interest could be levied from the date stipulated in the order. Whereas, the fact of the present case under PIDR act is not the same. There is no demand raised on the Company stipulating interest clause on the demand amount and hence no debt. Therefore, the cause of action does not arise which attracts levy of interest under Interest Act 1978.

The matter was placed before the Audit Committee of the Board in its 40th meeting held on 23rd August 2018, and the Committee was also of the opinion that in view of the precedent of Hon’ble Supreme Court of India in similar cases and in the interest of the shareholders, the provision of interest on Punjab Infrastructure Cess is no longer required. The Board of Director has also accepted the recommendations of Audit Committee in this regards.

2. On the basis of observations of CAG, reassessment of interest provision and also based on the interpretation of various judgments of Hon’ble Supreme Court, there is no liability on account of interest on Punjab Infrastructure Cess, as explained above.

Accordingly, the provision for interest on Punjab Cess amounting Rs.6459.99 lakh has been reversedthroughtheStatementofProfitandLossfor the current year ended 31st March 2018. Further, reversal of current year provision of Rs. 774.67 lakh through provision no longer required (Note no. 30)doesnothaveanyimpactontheprofitbeforetax of the Corporation for the F.Y. 2017-18 and this revision has resulted into increase in retained earnings of the Corporation.

As per Ind AS 37 the provisions need to be reassessed at each reporting date and will be reversed if it isno longerprobable thatoutflowofresources embodying economic benefits will berequired to settle the obligation. Since, there is no provision in the principle Act i.e. PIDR, no liability can accrue on account of interest on Punjab Cess. Thus, the disclosure of the interest on cess as contingent liability is not required.

Ho$ ã`mO Ho$ àmdYmZ H$s Amdí`H$Vm Zht Wr Š`m|{H$ dmñVd ‘| dh H§$nZr Ho$ dmñV{dH$ AO©Z H$mo X~m ahr h¡ &

ã`mO A{Y{Z`‘ 1978 Ho$ g§~§Y ‘| ‘mZZr` Ý`m`mb` `{X Cn`wŠV g‘Po Vmo gm§{d{Y{ZH$ boIm narjm Ûmam ~VmòZwgma F$U Ho$ nmÌ ì`{º$ H$mo ã`mO H$s AZw‘{V Xr Om gH$Vr h¡, `hm± `h ~VmZm C{MV hmoJm {H$ ã`mO A{Y{Z`‘ 1978 Ho$ AYrZ ã`mO H$s CJmhr H$s H$ma©dmB© H$m H$maU hmoZm Mm{hE Am¡a dmo ^r V~ O~ F$U hmo & BgH$m Ame` `h h¡ {H$ ì`{º$ H$s {bpIV ‘m±J, {H$ ‘m±J H$s JB© am{e H$m ^wJVmZ {H$`m OmE {OgHo$ {d’$b hmoZo H$s Xem ‘| ~Vm`r VmarI go ã`mO H$s CJmhr H$s Om gH$Vr h¡ & O~{H$ nrAmB©S>rAma A{Y{Z`‘ Ho$ A§VJ©V dV©‘mZ ‘m‘bo H$s dmñV{dH$Vm `h Zht h¡ & ‘m±J H$s JB© am{e na ã`mO I§S> H$mo AZw~§{YV H$aVo hþE H§$nZr na ‘m±J Zht H$s JB© h¡ AV: `h F$U Zht h¡ Bgr{bE ã`mO A{Y{Z`‘ 1978 Ho$ A§VJ©V ã`mO H$s CJmhr H$s H$ma©dmB© H$aZo H$m àíZ hr Zht CR>Vm &

`h ‘m‘bm {XZm§H$ 23 AJñV, 2018 H$mo Am`mo{OV ~moS©> H$s 40 dt ~¡R>H$ ‘| boIm narjm g{‘{V Ho$ g‘j aIm J`m VWm g{‘{V H$s ^r `h am` Wr {H$ Eogo ‘m‘bm| ‘| ‘mZZr` gdm}ÀM Ý`m`mb` Ho$ CXmhaU H$mo XoIVo hþE VWm eoà hmoëS>g© Ho$ {hV ‘| n§Om~ B§’«$mñQ>ŠMa gog na ã`mO Ho$ àmdYmZ H$s Amdí`H$Vm Zht h¡ & Bg ~mao ‘| {ZXoeH$ ‘§S>b Zo ^r boIm g{‘{V H$s {g’$m[aem| H$mo ñdrH$ma {H$`m &

2. grEOr H$s {Q>ßn{U`m| Ho$ AmYma na ã`mO àmdYmZ H$m nwZ: {ZYm©aU VWm ^maVr` gdm}ÀM Ý`m`mb` Ho$ {d{^ÝZ {ZU©`m| H$s ì`m»`m Ho$ AmYma na r O¡go D$na ~Vm`m J`m h¡ n§Om~ B§’«$mñQ>ŠMa gog na ã`mO Ho$ H$maU H$moB© Xo`VmE°§ Zht h¡ &

VX²Zwgma {XZm§H$ 31 ‘mM© 2018 H$mo g‘mßV df© Ho$ {bE bm^ d hm{Z {ddaUr go n§Om~ gog na 6459.99 bmI ê$. H$s am{e H$m ã`mO H$m àmdYmZ [adg© {H$`m J`m h¡ & AmJo, àmdYmZ {OgH$s Amdí`H$Vm Zht (ZmoQ> 30) go Mmby df© 774.67 bmI ê$. H$m àmdYmZ H$mo [adg©b H$m {dËVr` df© 2017-18 Ho$ {bE {ZJ‘ Ho$ H$a go nyd© bm^ na H$moB© à^md Zht n‹S>m VWm Bg g§emoYZ Ho$ n[aUm‘ñdê$n {ZJ‘ Ho$ arQ>|S> AO©Z ‘| d¥{Õ hþB© &

B§S>EEg 37 Ho$ AZwgma àËòH$ [anmo{Qª>J VmarI na àmdYmZm| H$mo nwZ: {ZYm©aU H$aZm Amdí`H$ h¡ VWm `{X `h g§^d Z hmoVm {H$ Am{W©H$ bm^ gpå‘{bV H$aHo$ gmYZm| Ho$ àdmh H$s ~mÜ`Vm H$mo goQ>b H$aZm Amdí`H$ h¡ Vmo `h [adg© H$a gH$Vo Wo & My±{H$ BgH$m àYmZ A{Y{Z`‘ m{Z nrAmB©S>rAma ‘| àmdYmZ Zht h¡, n§Om~ gog na ã`mO Ho$ àmoØÿV na Xo`Vm Zht hmoVr h¡ & AmH$pñ‘H$ Xo`Vm Ho$ ê$n ‘| gog na ã`mO Ho$ àH$Q>Z H$s Amdí`H$Vm hr Zht h¡ &

48 dt dm{f©H$ [anmoQ>© 2017-18

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3. As regard to the movements in each class of provisions, the amount of provisions in financialstatements has been shown along with comparative figures and there are no material movements inthese provisions. The movement in the provisions is adisclosurerequirementhavingnomaterialfinancialimpact.

Further, as per Para 31 of the Companies (Indian Accounting Standards)(Amendment) Rules, 2016 which states that “some Ind AS’s specify information that is required to be included in the financialstatements which includes the notes. An entity need notprovideaspecificdisclosurerequiredbyanIndASif the information resulting from that disclosure is not material except when required by law.

4. As per para 9 of Ind AS 24 – Related Party Disclosure, the Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director (whether executive or otherwise) of that entity. Whereas, the Company Secretary is a statutory post ensuring various statutory compliances. Company Secretary is not having any authority and responsibility for planning, directing and controlling the activities of the Corporation and accordingly it was felt that the companysecretary isnota relatedpartyasdefinedunder Ind AS 24.

Further, the disclosure of related party is only

informative in nature and the company has disclosed the remuneration paid to key management personnel along with their name and designation in the note no. 44 of annual accounts. Further, non-disclosure of transactions with company secretary neither has any material financial impacton theFinancialStatementnor it affects the true and fair view of the FinancialStatements.

5. Asregardtherevisionsinthefinancialstatement,thesame has been mentioned in the Note no 52 to the Annual Accounts. Till the annual accounts are adopted in the Annual General Meeting, the revised word in the financialstatementsisnotrequired.Further,thereisnospecificprovisionintheCompaniesAct,2013eitherto use the word “Revised” or to make any disclosure as per Ind AS.

6. The company sends balance confirmation lettersevery year after closure of books of account to all its customers/vendors to confirm the balances directlyto the Statutory Auditors and also the statement of account is provided to them periodically.

3. àËòH$ àmdYmZm| ‘| ‘yd‘|Q> Ho$ ~mao ‘| {dËVr` {ddaUr ‘| àmdYmZm| H$s am{e VwbZmË‘H$ Am±H$‹S>mo g{hV Xem©B© JB© h¢ VWm BZ àmdYmZm| ‘| ‘Q>r[a`b ‘yd‘|Q²g Zht h¡ & àmdYmZm| ‘| ‘yd‘|Q> H$m ‘Q>r[a`b {dËVr` à^md Z hmoZo Ho$ H$maU àH$Q>Z Amdí`H$ Zht h¡ &

AmJo, H§$nZrO {Z`‘mdbr 2016 H$s n¡am 31 Ho$ AZwgma (B§S>EEg) (g§emo{YV) {Og‘| d{U©V {H$`m J`m h¡ {H$ B§S>EEg H$s {d{eîQ> OmZH$mar {OgH$m {dËVr` {ddaUr ‘| em{‘b hmoZm Amdí`H$ h¡, CgH$m ZmoQ²g ‘| CëboI {H$`m J`m h¡ & `{X OmZH$mar àH$Q>Z Ho$ n[aUm‘ñdê$n ‘Q>r[a`b Zht hmoVr Vmo H$mZyZ Ûmam Amdí`H$Vm H$mo N>mo‹S>H$a B§S>EEg Ûmam Amdí`H$ {d{eîQ> àH$Q>Z ‘| EZQ>rQ>r àXmZ H$aZm Amdí`H$ Zht h¡ &

4) B§S>EEg 24 H$s n¡am 9 Ho$ AZwgma g§~§{YV nmQ>u àH$Q>Z, ‘w»` à~§YH$ H$m{‘©H$ EZQ>rQ>r Ho$ {ZXoeH$ g{hV (H$m`©H$mar hmo AWdm AÝ`Wm ) do ì`{º$ h¢ {OZHo$ nmg àË`j VWm AàË`j ê$n go EZQ>rQ>r H$s n[a`moOZm {ZX}eZ VWm J{V{d{Y`m| H$mo {Z`§ÌU H$aZo H$m àm{YH$ma d {Oå‘oXmar h¡ & O~{H$ H§$nZr g{Md gm§{d{YH$ nX h¡ Omo {d{^ÝZ gm§{d{YH$ AZwnmbZ gw{Z{üV H$aVm h¡ & H§$nZr g{Md H$mo {H$gr n[a`moOZm, {ZX}eZ VWm {ZJ‘ H$s J{V{d{Y`m| H$mo {Z`§ÌU H$aZo H$m àm{YH$ma d {Oå‘oXmar Zht h¡ & VÖþgma `h ‘hgyg {H$`m J`m {H$ H§$nZr g{Md B§S>EEg 24 Ho$ A§VJ©V n[a^m{fH$ g§~§{YV nmQ>u Zht h¡&

AmJo g§~§{YV nmQ>u H$m àH$Q>Z ñdm^{dH$ ê$n go gyMZmË‘H$ h¡ VWm H§$nZr Zo dm{f©H$ boIm Ho$ ZmoQ> g§. 44 ‘| Zm‘ d nXZm‘ g{hV ‘w»` à~§YH$ H$m{‘©H$mo Ho$ ^wJVmZ {H$E JE nm[al{‘H$ H$m àH$Q>Z {H$`m h¡ & AmJo, H§$nZr g{Md Ho$ gmW boZ XoZ H$m J¡a àH$Q>Z {dËVr` {ddaUr na Z Vmo H$moB© ‘Q>r[a`b {dËVr` à^md S>mbVm h¡ Am¡a Z hr `h {dËVr` {ddaU Ho$ ghr Am¡a {Zînj Ñ{ï>H$moU H$mo à^m{dV H$aVm h¡ &

5) {dËVr` {dda{U`m| ‘| g§emoYZm| Ho$ ~mao ‘|, dm{f©H$ boIm| Ho$ ZmoQ> g§. 52 ‘| BgH$m CëboI {H$`m J`m h¡ & O~ VH$ dm{f©H$ gm‘mÝ` ~¡R>H$ ‘| dm{f©H$ boIm| H$mo AnZm`m Zht OmVm, {dËVr` {dda{U`m| ‘| ""g§emoYZ'' eãX H$s Amdí`H$Vm Zht h¡ & AmJo, H§$nZrO A{Y{Z`‘ 2013 ‘| BgH$m H$moB© {d{eîQ> àmdYmZ Zht h¡ {H$ (g§emoYZ eãX H$m Cn`moJ {H$`m OmE AWdm B§S>EEg Ho$ AZwgma H$moB© àH$Q>Z {H$`m OmE &

6) H§$nZr gm§{d{YH$ boIm narjH$m| H$mo grYo ~H$m`m eof am{e Ho$ nw{ï>H$aU Ho$ {bE AnZo g^r J«mhH$/d|S>g© H$mo boIm nwñVH$m| H$s g‘m{á Ho$ níMmV àËòH$ df© ~H$m`m eof am{e nw{ï> Ho$ nÌ ôOVr h¡ VWm boIm {ddaUr ^r g‘`-g‘` na CnbãY H$admVr h¡ &


54

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As per the policy, the Corporation do not provide any credit facility to its private customers and also there has been no such case of consequence adjustments havinganyfinancial impact inearlieryearsduetonon-confirmationofbalances.However,Corporationhas already given suitable disclosure in the note no. 35 to the annual accounts that the various balances ofdebtorsandcreditorsaresubjecttoconfirmation/reconciliation and consequent adjustment.

for and on behalf of the Board of Directors

Sd/-

(Dr. P. Alli Rani)


Place : Navi Mumbai

Date : 26th November, 2018

Zr{V Ho$ AZwgma, {ZJ‘ AnZo {ZOr J«mhH$m| H$mo H«o${S>Q> gw{dYm Cnb~Y Zht H$admVm h¡, VWm Eogo ‘m‘bo Zht h¡ {OgHo$ H$maU ~H$m`m eof H$s J¡a nw{ï> H$s dOh go nyd© dfm] ‘o {dËVr` à^md n‹S>o hmo & VWm{n, {ZJ‘ Zo dm{f©H$ boIm Ho$ ZmoQ> 35 ‘| nhbo hr C{MV àH$Q>rH$aU {X`m h¡ {H$ boZXmam| d XoZXmam| H$mo {d{^ÝZ ~H$m`m eofm| H$s nw{ï> / boIm g‘mYmZ d g‘m`moOZ H$s eV© Ho$ AYrZ h¢ &

H¥$Vo Ed§ {ZXoeH$ ‘§S>b H$s Amoa go

hñVm/-

(S>m°. nr A{„ amZr)

AÜ`j Ed§ à~§Y {ZXoeH$

ñWmZ : Zdr ‘w§~B©

{XZm§H$ : 26 Zd§~a, 2018

48 dt dm{f©H$ [anmoQ>© 2017-18

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H§$nZr A{Y{Z¶‘, 2013 H$s Ymam 143 (6)(~) Ho$ AYrZ 31 ‘mM©, 2017 H$mo g‘mßV df© Ho$ {bE ^maVr¶ H$nmg {ZJ‘ {b{‘Q>oS> Ho$ boIm| na {Z¶§ÌH$ Ed§ ^maV Ho$ ‘hmnarjH$ H$s {Q>ßn{U¶m±

COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 143(6) (b) OF THE COMPANIES ACT, 2013 ON THE FINANCIAL STATEMENTS OF THE

COTTON CORPORATION OF INDIA LIMITED FOR THE YEAR ENDED 31ST MARCH 2017.

H§$nZr A{Y{Z¶‘ 2013 (A{Y{Z¶‘) Ho$ AYrZ {ZYm©[aV {dÎmr¶ ‘mZX§S>m| Ho$ AZwgma 31 ‘mM© 2018 H$mo g‘mßV df© Ho$ {bE ^maVr¶ H$nmg {ZJ‘ {b{‘Q>oS> H$s {dÎmr¶ {ddaUr V¡¶ma H$aZm H§$nZr H$s à~§YZ ì¶dñWm H$m CÎmaXm{¶Ëd h¡& A{Y{Z¶‘ H$s Ymam 139(5) Ho$ AYrZ {Z¶§ÌH$ Ed§ ^maV Ho$ ‘hmboIm narjH$ Ûmam {Z¶wº$ gm§{d{YH$ boIm narjH$ H§$nZr A{Y{Z¶‘ H$s Ymam 143 Ho$ AYrZ BZ {dÎmr¶ {dda{U¶m| na am¶ ì¶º$ H$aZo Ho$ {bE CÎmaXm¶r h¡, Omo boIm narjm Ho$ AZwgaU ‘| ñdV§Ì boIm narjm Am¡a A{Y{Z¶‘ H$s Ymam 143 (10) H§$ A§VJ©V {ZYm©[aV AmœmgZ ‘mZX§S> na AmYm[aV ~Vm¶m J¶m h¡ & ¶h CZH$s g§emo{YV boIm narjm [anmoQ>© {XZm§H$ 15 A³Vy~a 2018 Omo {H$ CZH$s nhboH$s 31 ‘B© 2018 H$s boIm narjm [anmoQ>© Ho$ ñWmZ na Xr JB© h¡§ Ho$ Ûmam ~Vm¶m J¶m h¡ &

‘¢Zo, {Z¶§ÌH$ Ed§ ^maV Ho$ ‘hmboIm narjm H$s Amoa go 31 ‘mM© 2018 H$mo g‘mßV df© Ho$ {bE maVr¶ H$nmg {ZJ‘ {b{‘Q>oS> H$s {dÎmr¶ {dda{U¶m| H$s Ymam 143 (6)(A) Ho$ A{YZ AZwnyaH$ boIm narjm H$s h¡ & ¶h AZwnyaH$ boIm narjm gm§{d{YH$ boIm narjH$m| Ho$ d{Hª$J H$mJOmV Ho$ {~Zm ñdV§Ì ê$n go H$s J¶r h¡ VWm gm§{d{YH$ boIm narjH$m| Ho$ àým| Am¡a H§$nZr H$m{‘©H$ Ed§ Hw$N> boIm [aH$m°S>© H$s M¶ZmË‘H$ Om±M VH$ ‘w»¶V: gr{‘V h¡ &

{dÎmr¶ {dda{U¶m| Ho$ ZmoQ> g§»¶m 52 ‘| Xem©¶oZwgma à~§YZ Ho$ {dÎmr¶ {dda{U¶m| ‘| {H$E JE g§emoYZm| H$mo XoIVo hþE, AZwnyaH$ boIm narjm Ho$ Xm¡amZ ‘oao Ûmam CR>mE JE boIm narjm {Q>ßn{U¶m± Ho$ à^md ‘| ‘oao nmg XoZo Ho$ {bE H$moB© {Q>ßnUr AWdm A{Y{Z¶‘ H$s Ymam 143 (6)(I) Ho$ A§VJ©V gm§{d{YH$ boIm narjm [anmoQ>© H$m H$moB© AZwnyaH$ Zht h¡ &

H¥$Vo Am¡a {Z¶§ÌH$ Ed§ ^maV Ho$ ‘hm boImnarjH$ H$s Amoa go

hñVm/-(én am{e)

àYmZ {ZXoeH$, dm{UÁ¶H$ boIm narjm Ed§ nXoZ gXñ¶, boIm narjm ‘§S>b - 1, ‘w§~B©

ñWmZ : ‘w§~B©{XZm§H$ : 28 {Xg§~a, 2018

The preparation of financial statements of The CottonCorporation of India Limited for the year ended 31 March 2018inaccordancewiththefinancialreportingframeworkprescribed under the Companies Act, 2013 (Act) is the reponsibility of the management of the company. The statutory auditors appointed by the Comptroller and Auditor General of India under Section 139 (5) of the Act are responsible for expressing opinion on the Financial Statements under section 143 of the Act based on independent audit in accordance with the standards on auditing prescribed under section 143 (10) of the Act. This is stated to have been done by them vide their Revised Audit Report dated 15 October 2018 which supersedes their earlier Audit Report dated 21 May 2018.

I, on behalf of the Comptroller and Auditor General of India, have conducted a supplementary audit of the Financial Statements of The Cotton Corporation of India Limited for the year ended 31 March 2018 under section 143 (6)(a) of the Act. This supplementary audit has been carried out independently without access to the working papers of the Statutory Auditors and is limited primarily to inquiries of the Statutory Auditors and Company personnel and a selective examination of some of the accounting records.

In view of the revisions made in the Financial Statements by the management, as indicated in Note No. 52 of the FinancialStatements, to give effect to someofmyauditobservations raised during Suppplementary Audit, I have no further comments to offer upon or supplement to theStatutory Auditors' report under section 143 (6)(b) of the Act.

for and on behalf of the Comptroller & Auditor General of India

Sd/-(Roop Rashi)

Principal Director of Commercial Audit & Ex-Officio Member Audit Board - I, Mumbai.

Place : MumbaiDate : 28th December, 2018


56

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ñdV§Ì boIm narjH$m| H$s [anmoQ>©Independent Auditors’ Report

To,

The Members of The Cotton Corporation of India Limited

This Revised Independent Auditors Report is being issued in supersession of our earlier Independent Auditors Report dated 21st May 2018.

The Company revised its Audited Financial Statements approved by the Board of Directors on 21st May 2018. The revision was based on the Preliminary Observations Memos (POMs) issued by Comptroller and Auditor General of India, Mumbai office, on those AuditedFinancial Statements.

The revision of the Financial Statements was carried out on the basis of four POMs as under:

I. (POM 1): The POM suggested that Accumulated Provision for Interest amounting to Rs. 6459.99 Lakh (Rs. 5685.32 lakh from 2006-07 upto 2016-17 and Rs. 774.67 lakh for the current year) on Punjab Infrastructure cess was not required as per the existing provisions of Punjab Infrastructure (Development and Regulation) Act, 2002 and in view of the favourable Judgment of Hon’ble Supreme Court in the similar case of ‘India Carbon Limited vs State of Assam’, reported in (1997) 106-STC 460 etc.

II. (POM 4): Inadvertent mistake of Rs. 98.34 lakh in Inventory valuation at Mahaboobnagar branch. This minor mistake was immaterial being 0.07% of total inventory as well as 0.07% of turnover of the company.

III. (POM 10): Non provision of Post Retirement Medical Expenses as per Actuarial valuation as required under Ind AS 19. The provision required for the current year amounting to Rs. 23.51 lakh was immaterial being 0.02% of total expenditure for the year before revision of financialstatements.

IV. (POM15):CompensatorydifferenceofRs.31.53lakhin Trade receivable and retained earnings inadvertently

n«{V,

^maVr` H$nmg {ZJ‘ {b{‘Q>oS> Ho$ gXñ`JU

h‘mar nyd© ñdV§Ì boIm narjH$ [anmoQ>© {XZm§H$ 21 ‘B©, 2018 Ho$ A{YH«$‘U ‘| `h g§emo{YV boIm narjH$ [anmoQ>© Omar H$s OmVr h¡ &

H§$nZr Zo {XZm§H$ 21 ‘B©, 2018 H$mo {ZXoeH$ ‘§S>b Ûmam AZw‘mo{XV AnZr boIm narjH$ {dËVr` {ddaUr H$mo g§emo{YV H$s h¡ & `h g§emoYZ boIm n[a{jV {dËVr` {ddaUr na {Z`§ÌH$ Ed§ ^maV Ho$ ‘hm boIm narjH$ Ûmam Omar àma§{^H$ AdbmoH$Z kmnZ Ho$ AmYma na {H$`m J`m Wm &

Mma àma§{^H$ AdbmoH$Z kmnZ Ho$ AmYma na {dËVr` {dda{U`m| H$m g§emoYZ {H$`m J`m h¡, Omo {ZåZmZwgma h¡ :

I. (nrAmoE‘ 1) : nrAmoE‘ 1 Zo gwPmd {X`m {H$ n§Om~ BÝ’«$mñQ>ŠMa gog na 6459.99 bmI ê$. am{e Ho$ ã`mO (2006-07 go 2016-17 VH$ 5685.32 ê$. VWm Mmby df© Ho$ {bE 774.67 bmI ê$.) hoVw n§Om~ B§’«$mñQ´ŠMa ({dH$mg d {d{Z`‘Z) A{Y{Z`‘ 2002 H$mo dV©‘mZ àmdYmZ Ho$ AZwgma ‘mZZr` gdm}ÀM Ý`m`mb` Ho$ AnZo {ZU©` VWm B§{S>`m H$m~©Z {b{‘Q>oS> ~Zm‘ ñQ>oQ> Am°’$ Amgm‘ 106-EgQ>rgr 460 BË`m{X (1997) ‘| [anmoQ>}S> Bgr Vah Ho$ ‘m‘bo H$mo XoIVo hþE g§{MV àmdYmZ H$s Amdí`H$Vm Zht h¡ &

II. (nrAmoE‘ 4) : ‘h~y~ZJa emIm Ho$ ‘mbgyMr ‘yë`m§H$Z ‘| 98.34 bmI ê$. H$s AZOmZo go H$s JB© JbVr & 0.07% Q>Z© Amoda ‘| VWm 0.07% Hw$b ‘mbgyMr H$s N>moQ>r JbVr ZJÊ` Wr &

III. (nrAmoE‘ 10) : B§S>EEg 19 Ho$ AYrZ Amdí`H$VmZwgma ~r‘m§{H$H$ ‘yë`m§H$Z Ho$ AZwgma godm{Zd¥{Îm níMmV {M{H$Ëgm ì`` H$m àmdYmZ Z aIZm & Mmby df© Ho$ {bE 23.51 bmI ê$. H$s am{e hoVw àmdYmZ {dËVr` {ddaUr Ho$ g§emoYZ go nyd© df© Ho$ {bE Hw$b ì`` H$m 0.02% hmoZo Ho$ ZmVo ZJÊ` Wm &

IV. (nrAmoE‘ 15) : {dËVr` {dda{U`m| Ho$ AZwnmbZ Ho$ Xm¡amZ ì`mnma àmß` VWm arQ>|S> AO©Z ‘| AZOmZo go

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occurred during compilation of Financial Statements

In view of the revision of Financial Statements on above observations and as disclosed in note no. 52 to the revised financial statements, this RevisedIndependent Auditors Report is being issued on the Revised Financial Statements which includes Balance Sheetasat31stMarch2018,StatementofProfitandLoss (Including Other Comprehensive Income), the Cash Flow Statement and the Statement of Changes in Equity for the year then ended and a summary of SignificantAccountingPoliciesandotherexplanatoryinformation. These Annual Accounts were revised and approved by the Board of Directors of the Company in its meeting held on 23rd August 2018.

Report on the Ind AS Financial Statements

We have audited the accompanying Revised Ind AS financial statements ofThe Cotton Corporation of India Limited (“the Company”), which comprise the Balance Sheet as at March 31, 2018, the Statement of Profit and Loss (Including Other ComprehensiveIncome), the Cash Flow Statement and the Statement of Changes in Equity for the year then ended and a summaryofsignificantaccountingpoliciesandotherexplanatory information

Management’s Responsibility for the Ind AS Financial Statements

The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with respect to the preparation of theseRevised IndASfinancial statements that givea trueand fairviewof theStateofAffairs (Financialposition), Profit (financial performance) and Cashflowsof theCompanyandChanges inEquityof thecompany in accordance with the accounting principles generally accepted in India, including the Indian AccountingStandards(IndAS)specifiedunderSection133 of the Act, read with relevant Rules issued there-under. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of

31.53 bmI ê$. H$m à{Vny{V© A§Va hþAm &

CnamoŠV {Q>ßn{U`m| na {dËVr` {dda{U`m| Ho$ g§emoYZ VWm g§emo{YV {dËVr` {dda{U`m| Ho$ ZmoQ> 52 ‘| àH$Q>Z H$mo XoIVo hþE g§emo{YV {dËVr` {dda{U`m| na g§emo{YV ñdV§Ì boIm narjH$ [anmoQ>© Omar H$s OmVr h¡ {Og‘| 31.03.2018 Ho$ AZwgma VwbZ nÌ, bm^ d hm{Z H$s {ddaUr (AÝ` ì`mnH$ Am` em{‘b) ZH$X àdmh {ddaUr VWm df© H$s g‘m{á hoVw B{¹$Q>r ‘| n[adV©Z VWm ‘hËdnyU© boIm Zr{V`m± H$m gma d AÝ` ì`m»`mË‘H$ OmZH$mar em{‘b h¡ & BZ dm{f©H$ boIm| H$m g§emoYZ {H$`m J`m VWm {X. 23 AJñV, 2018 H$mo Am`mo{OV H§$nZr Ho$ {ZXoeH$ ‘§S>b H$s ~¡R>H$ ‘| Bgo AZw‘mo{XV {H$`m J`m &

B§S>EEg {dËVr` {dda{U`m| na [anmoQ>©

h‘Zo ^maVr` H$nmg {ZJ‘ {b{‘Q>oS> (H§$nZr) H$s g§emo{YV B§S>EEg Ho$ gmW {dËVr` {dda{U`m| H$s boIm narjm H$s h¡, {OgHo$ gmW 31 ‘mM©, 2018 H$mo VwbZ nÌ, bm^ d hm{Z H$s {ddaUr (AÝ` ì`mnH$ Am` em{‘b) ZH$X àdmh {ddaUr VWm df© H$s g‘m{á Ho$ {bE B{¹$Q>r ‘| {ddaUr ‘| n[adV©Z VWm ‘hËdnyU© boIm Zr{V`m| H$m gma d AÝ` ì`m»`mË‘H$ OmZH$mar H$m gma em{‘b h¡ &

B§S>EEg {dÎmr` {dda{U`m| H$s {Oå‘oXmar à~§YZ H$s:

H§$nZr A{Y{Z`‘ 2013 ("A{Y{Z`‘') H$s Ymam 134(5) ‘| ~Vmò ‘m‘bm| Ho$ {bE A{Y{Z`‘ H$s Ymam 133 Ho$ A§VJ©V ~Vmò ^maVr` boIm ‘mZH$ (B§S>EEg) em{‘b H$aHo$ gm‘mÝ` ê$n go ^maV ‘| ñdrH$ma {H$ò Jò boIm {ZX}em| Ho$ gmW Omar g§~§{YV {Z`‘mdbr Ho$ gmW n‹T>m Omò Omo g§emo{YV B§S>EEg {dÎmr` {dda{U`m| H$mo V¡`ma H$aZo Ho$ ~mao ‘| H$m`©H$bmnm| H$s pñW{V ({dÎmr` pñW{V), bm^ {dÎmr` {ZînmXZ VWm H§$nZr Ho$ ZH$Xr àdmh VWm H§$nZr Ho$ B©{¹$Q>r H$s ghr Am¡a Cn`wº$ gyMZm XoZo H$s {Oå‘oXmar H§$nZr Ho$ {ZXoeH$ ‘§S>b H$s h¡ & Bg {Oå‘oXmar ‘| A{Y{Z`‘ Ho$ àmdYmZm| Ho$ AZwgma H§$nZr H$s n[ag§n{Îm`m| H$mo gwa{jV aIZo VWm N>b-H$nQ> d A{Z`{‘VVmAm| H$mo amoH$Zo Ho$ {bE n`m©ßV boIm Zr{V`m| Ho$ M`Z Ý`m`mo{OV d AZw‘mZ bJmZm, Omo C{MV d {ddoH$nyU© hmo VWm {S>OmB©Z, AZwnmbZ d n`m©ßV Am§V[aH$ {dËVr` {Z`§ÌU Ho$ aIaImd Omo boIm [aH$mS©>g² Ho$ nyU© d n[aewÕVm


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adequateinternalfinancialcontrols,thatwereoperatingeffectivelyforensuringtheaccuracyandcompletenessof the accounting records, relevant to the preparation and presentation of the Ind AS financial statementsthat give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these RevisedIndASfinancialstatementsbasedonouraudit.

We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made thereunder.

We conducted our audit of Revised Ind AS financialstatements in accordance with the Standards on Auditing specified under Section 143(10) of the Act.Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonableassuranceaboutwhethertheIndASfinancialstatements are free from material misstatements.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Ind AS financial statements. The proceduresselected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the Ind AS financial statements, whether due tofraud or error. In making those risk assessments, the auditor considers internal financial controls relevantto the Company’s preparation of the IndAS financialstatements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company’s Directors, as well as evaluating the overallpresentationoftheIndASfinancialstatements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis forour Adverse Audit Opinion on the Ind AS Financial Statements.

hoVw à^mdembr àMmbZ H$m`© H$a aho hmo, {Oggo {dÎmr` {dda{U`m| H$mo V¡`ma d B§S>EEg àñVwV {H$`m Omò Vm{H$ {dÎmr` {dda{U`m| N>b-H$nQ> d Ìw{Q> Ho$ H$maU ‘oQ>r[a`b {‘g-ñQ>oQ>‘|Q> go ‘wº$ hmo &

boIm narjH$m| H$s {Oå‘oXmar

h‘mar {Oå‘oXmar, h‘mar boIm narjm [anmoQ>© Ho$ AmYma na BZ g§emo{YV boIm ‘mZH$ (B§S>EEg) Ho$ AZwgma {dÎmr` {dda{U`m| na AnZr am` ì`º$ H$aZm h¡ &

h‘Zo A{Y{Z`‘ Ho$ àmdYmZm|, boIm d boIm narjm Ho$ ‘mZH$m| VWm CZ g^r ‘m‘bm| na Omo A{Y{Z`‘ Ho$ àmdYmZm| d CZ na ~Zmò Jò {Z`‘m| Ho$ A§VJ©V boIm narjm [anmoQ>© ‘| em{‘b H$aZm Amdí`H$ h¡, CZ g^r na Ü`mZ {X`m h¡ &

h‘Zo A{Y{Z`‘ H$s Ymam 143(10) Ho$ VhV {Z{X©îQ> Am°{S>qQ>J Ho$ ‘mZH$ Ho$ AZwgma h‘mao boInarjH$m| H$m Am`moOZ {H$`m & CZ ‘mZH$m| Ho$ {bE Amdí`H$ h¡ {H$ h‘ Z¡{VH$ AnojmAm| Am¡a `moOZm H$m AZwnmbZ Am¡a boIm narjm H$m {ZînmXZ H$aZo Ho$ {bE C{MV AmídmgZ àmßV H$a| {H$ Š`m ^maVr` ‘mZH$ (B§S>EEg) Ho$ AZwgma {dËVr` {ddaU ‘Q>o[a`b JbV H$WZ go ‘wŠV h¢ &

boIm narjm H$s Om±M, narjm Ho$ AmYma na am{e`m| Ho$ g‘W©Z ‘| à‘mU Am¡a B§S>EEg {dÎmr` {dda{U`m| ‘| CgH$m àH$Q>Z em{‘b h¡ & M`{ZV nÜX{V ‘|, boIm narjH$m| Ho$ {ZU©`m| ‘| B§S>EEg {dÎmr` {dda{U`m|‘o ‘Q>r[a`b {‘g-ñQ>oQ>‘|Q>m| Ho$ ’«$m°S> AWdm Jb{V`m| go hþE OmopI‘m| H$m {ZYm©aU ^r em{‘b h¡ & CZ OmopI‘m| Ho$ {ZYm©aU H$aZo ‘| boIm narjH$ H§$nZr Ûmam V¡`ma {H$ò Jò g§~§{YV Am§V[aH$ {dÎmr` {Z`§ÌU nÜX{V na VWm C{MV B§S>EEg {dÎmr` {ddaUr V¡`ma H$aZo Ho$ {bE n[apñW{V Ho$ AZwgma C{MV boIm nÜX{V H$m {S>OmB©Z V¡`ma H$aZo na ghr VWm Š`m H§$nZr Zo B§S>EEg {dÎmr` [anmoQ>© na n`m©á Am§V[aH$ {dÎmr` {Z`§ÌU nÜX{V ñWm{nV H$s h¡ VWm Eogo {Z`§ÌU na à^mdembr àMmbZ H$a ahr h¡ & boIm narjm ‘| Cn`moJ ‘| bmò Jò C{MV boIm Zr{V Am¡a {ZXoeH$ ‘§S>b Ûmam ‘hËdnyU© AmH$bZ Ho$ gmW-gmW g‘J« B§S>EEg Ho$ AZwê$n {dÎmr` {ddaUr àñVwVrH$aU H$m ‘yë`m§H$Z {H$`m OmVm h¡ &

h‘| {dœmg h¡ {H$ B§S>EEg {dÎmr` {dda{U`m| na Omo gmú` boIm-narjm Ho$ Xm¡amZ h‘| àmá hþE h¢ do h‘mar am` ‘| boIm narjm Ho$ à{VHy$b AmYma hoVw n`m©á Ed§ Cn`wº$ h¢ &

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Basis for Adverse Opinion

1. The Company has reversed Accumulated provision of interest on Punjab Infrastructure Cess amounting to Rs.6459.99 lakh which includes accumulated provision of interest of Rs.5685.32 lakh from 2006-07 till 2016-17 and Rs.774.67 lakh for the year ended 31st March 2018. The whole provision of Rs.6459.99 lakh has been reversed through the Statement of Profit and Loss (Exceptional Items-Provision no longer required – Note 30) for the current year ended 31st march 2018.

No change in the basis of providing the interest on Punjab Infrastructure Cess has taken place during the year. The company also has a pending appeal with the Hon’ble Supreme Court on levy of Cess under Punjab Infrastructure (Development and Regulation) Act, 2002 after having lost the case in Hon’ble Punjab and Haryana High Court. Also, as per Interest Act, 1978, the Hon’ble Court, if it thinks fit, may allow interest to the personentitled to the debt. In view of these facts, we are of the opinion, that, the Provision of Interest on Punjab Infrastructure Cess should not have been reversed. This wrong reversal of accumulated provision of interest on Punjab Infrastructure Cess has resulted in suppression of losses by Rs.6459.99 lakh and understatement of Provisions by Rs.6459.99 lakh. Had this amount of provision not been reversed the loss before tax would havebeenRs.4091.60lakhinsteadofprofitbeforetaxofRs.2368.39lakhasshowninRevisedStatementofProfitand Loss, The other equity (Retained Earnings) would have been lower by Rs.3657.60 lakh (Net of Taxes) and Earning per Share (EPS) would have been negative to the tune of Rs.108.97 instead of positive Earning per Share (EPS) of Rs.37.34.

2. Alternatively, to comply with the observation (POM-1) of the Comptroller and auditor General of India,Mumbaioffice: a. The Company should have adjusted Rs.4910.65

lakh from retained earnings as at 01.04.2016, Rs.774.67 lakh as at 31.03.2017 and balance of Rs.774.67 lakh from the current years Provision for interest on Punjab Infrastructure Cess (Note 29E) debited inStatementofProfitandLoss,whereas,the Company has reversed whole provision of interest on Punjab Infrastructure Cess amounting to Rs.6459.99lakhthroughtheStatementofProfitandLoss (Exceptional Items Expense/(Income) - Note No. 30) as provision no longer required, for current year ended 31st march 2018 which has resulted in suppression of current year’s Losses by Rs.5685.32

à{VHy$b am` Ho$ {bE AmYma

1. H§$nZr Zo n§Om~ B§ñ’«$mñQ´ŠMa gog na 6459.99 bmI ê$. H$s am{e {Og‘| 2006-07 go 2016-17 VH$ 56852.32 bmI ê$. VWm {XZm§H$ 31 ‘mM©, 2018 Ho$ {bE 774.67 bmI ê$. ã`mO H$m g§{MV àmdYmZ em{‘b h¡ H$mo [adg© {H$`m h¡ & {XZm§H$ 31 ‘mM©, 2018 H$mo Mmby df© Ho$ {bE bm^ d hm{Z {ddaUr go 6459.99 bmI ê$. H$m g§nyU© àmdYmZ [adg© {H$`m h¡ & (AndmXmË‘H$ ‘X| àmdYmZ H$s Amdí`H$Vm Zht h¡ ZmoQ> 30)

df© Ho$ Xm¡amZ n§Om~ B§’«$mñQ>ŠMa gog na ã`mO XoZo Ho$ AmYma ‘| H$moB© n[adV©Z Zht hþAm h¡ & ‘mZZr` n§Om~ d h[a`mUm CÀM Ý`m`mb` ‘| ‘m‘bm hmaZo Ho$ níMmV n§Om~ B§’«$mñQ>ŠMa ({dH$mg d {d{Z`‘Z) A{Y{Z`‘ 2002 Ho$ A§VJ©V gog H$s CJmhr na ‘mZZr` gdm}ÀM Ý`m`mb` go H§$nZr H$s Anrb b§{~V h¡ & ã`mO A{Y{Z`‘ 1978 Ho$ AZwgma ‘mZZr` Ý`m`mb` `{X `mo½` g‘PVm h¡ Vmo F$U Ho$ hH$Xma ì`{º$ H$mo ã`mO wJVmZ H$s AZw‘{V Xo gH$Vm h¡ & BZ VÏ`m| H$mo XoIVo hþE, h‘mar am` h¡ {H$, n§Om~ B§’«$mñQ>ŠMa gog na ã`mO Ho$ àmdYmZ H$mo [adg© Zht {H$`m OmZm Mm{hE Wm & n§Om~ B§’«$mñQ>ŠMa gog na ã`mO Ho$ g§{MV àmdYmZ H$mo JbV ê$n go hQ>mZo Ho$ n[aUm‘ñdê$n 6459.99 bmI ê$. hm{Z H$m A{YH«$‘U hþAm VWm 6459.99 bmI ê$. Ûmam àmdYmZ ‘| H$‘r Am`r & `{X, Bg àmdYmZ H$mo [adg© Z {H$`m J`m hmoVm, Vmo g§emo{YV bm^ d hm{Z H$s {ddaU ‘| Xem©EZwgma 2368.39 bmI ê$. bm^ Ho$ ñWmZ na 4091.00 bmI ê$. H$a Ho$ nyd© hm{Z hmoVr & AÝ` B{¹$Q>r (arQ>|S> AO©Z) 3657.60 bmI (H$a H$m ewÕ) ê$. Ûmam H$‘ hmoVr VWm à{Veo`a AO©Z (B©nrEg) 37.34 ê$. Ho$ gH$mamË‘H$ à{Veo`a AO©Z Ho$ ñWmZ na 108.97 ê$. ZH$mamË‘H$ hmoVm &

2. Bgr àH$ma, {Z`§ÌH$ Ed§ maV Ho$ ‘hm boIm narjH$, ‘w§~B© H$m`m©b` H$s {Q>ßn{U`m± (nrAmoE‘-I) Ho$ AZwnmbZ Ho$ {bE :

H$) H§$nZr H$mo n§Om~ B§ñ’«$mñQ´ŠMa gog na ã`mO Ho$ {bE bm^ d hm{Z {ddaUr ‘| So>{~Q> Ho$ ê$n ‘| Mmby df© Ho$ àmdYmZ go 01.04.2016 H$mo arQ>|S> AO©Z Ho$ ê$n ‘| 4910.65 bmI ê$. 31.03.2017 H$mo 774.67 bmI ê$. VWm Mmby df© Ho$ àmdYmZ go 774.67 bmI ê$. eof H$m g‘m`moOZ {H$`m OmZm Mm{hE Wm (ZmoQ> 29 B© )&O~{H$ H§$nZr Zo bm^ d hm{Z {ddaUr go {X. 31 ‘mM©, 2018 H$mo g‘mßV Mmby df© Ho$ {bE nyao àmdYmZ H$mo [adg© H$a {X`m (AndmXmË‘H$ ‘X ì``/(Am`) ZmoQ> g§. 30) {OgHo$ n[aUm‘ñdê$n Mmby df© ‘| 5685.32 am{e hm{Z Ho$ A{YH«$‘U H$m n[aUm‘ ^wJVZm


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n‹S>m & AÝ` B{¹$Q>r (arQ>|S> AO©Z) 2351.68 bmI ê$. go A{YH$ hmoVr Wr (H$a H$m ewÕ) VWm à{V eo`a AO©Z 37.34 gH$mamË‘H$ à{V eo`a AO©Z Ho$ ñWmZ na 88.81 ê$. go ZH$mamË‘H$ ê$n ‘| hmoVr Wr &

I) {’$a, H§$nZr Zo nhbo hr So>{~Q> {H$`m hþAm (ZmoQ> 29 B©) n§Om~ B§’«$mñQ>ŠMa gog na ã`mO Ho$ {bE àmdYmZ go Mmby df© go g§~§{YV 774.67 bmI ê$. H$m àmdYmZ g‘m`mo{OV {H$`m OmZm Mm{hE Wm & O~{H$ H§$nZr Zo nhbo go hr So>{~Q> {H$E JE ì`` go Mmby df© Ho$ àmdYmZ H$mo [adg© Zht {H$`m naÝVw AndmXmË‘H$ ‘X ì``/(Am`) àmdYmZ H$s Amdí`H$Vm Zht (ZmoQ> 30) [adg© H$a {X`m J`m {OgHo$ n[aUm‘ñdê$n 774.67 bmI ê$. AÝ` ì`` Ho$ Amoda ñQ>oQ>‘|Q> àmdYmZ d ì`` ~Å>oImVo S>mbZm (ZmoQ> 29 B©) VWm 774.67 bmI ê$. Ûmam AndmXmË‘H$ ‘X ì`` (Am`) àmdYmZ H$s A~ Amdí`H$Vm Zht (ZmoQ> 30) ‘| [adg© {H$`m J`m &

J) My§{H$ H§$nZr Zo g§{MV àmdYmZ H$mo [adg© H$a {X`m h¡ O~{H$ B§S>EEg 37 Ho$ AZwgma 6459.99 bmI ê$. n§Om~ B§’«$mñQ>ŠMa gog na ã`mO Ho$ àmdYmZ H$m boIm Ho$ ZmoQ²g ‘| AmH$pñ‘H$ Xo`Vm Ho$ ê$n ‘| àH$Q>Z {H$`m OmZm Mm{hE Wm &

3) H§$nZr Zo B§S>EEg 37 H$s n¡am 84 d 85 Ho$ A§VJ©V nyU© ê$n go Amdí`H$ àH$Q>Z O¡go n§Om~ B§’«$mñQ>ŠMa gog Ho$ {bE 4303.69 bmI ê$. am{e H$m àmdYmZ, ì`` Ho$ ê$n ‘| 151.09 bmI ê$. H$s am{e 141.85 bmI ê$. H$m E‘EgE‘B© H$s ~H$m`m am{e na ã`mO Ho$ ê$n ‘| àmdYmZ VWm g§emo{YV {dËVr` {dda{U`m| Ho$ ZmoQ> g§. 17 Ho$ A§VJ©V 1416.85 bmI ê$. am{e H$m AÝ` ñQ>m’$ [aboQ>oS> àmdYmZm| H$m àH$Q>Z Zht {H$`m h¡ &

4) H§$nZr Zo H§$nZr g{Md go boZXoZ H$m àH$Q>Z Zht {H$`m Omo H§$nZr A{Y{Z`‘ 2013 H$s Ymam 203 (2) Ho$ AZwgma ‘w»` à~§YZ H$m{‘©H$ h¡ & H§$nZr Zo B§S>EEg 24 H$s n¡am 17 Ho$ AZwgma AÝ` ‘w»` H$m{‘©H$mo Ho$ gmW à{Vny{V© H$m àH$Q>Z ^r Zht {H$`m h¡ &

5) H§$nZr Zo {XZm§H$ 23 AJñV, 2018 H$mo Am`mo{OV ~moS©> ‘§S>b H$s ~¡R>H$ ‘| AZw‘mo{XV {dËVr` {dda{U`m| ‘| ""g§emo{YV'' eãX H$m à`moJ Zht {H$`m {Og na h‘mao ñdV§Ì boIm narjH$ H$s [anmoQ>© Omar H$s Om ahr h¡ &

6) ZrMo d{U©V ì`mnma àmß` (EZQ>rgr H$mo N>mo‹S>H$a), ì`mnma ^wJVmZ, B©E‘S>r & {S>nm°{OQ²g /arQ>|eZ ‘Zr Ho$ A§VJ©V ~H$m`m eof nw{ï> / g‘mYmZ VWm g‘m`moOZ Ho$ AYrZ h¢, `{X H$moB© hmo :

lakh, The other equity (Retained Earnings) would have been higher by Rs.2531.68 lakh (Net of Taxes) and Earning per Share (EPS) would have been negative to the tune of Rs. 88.81 instead of positive Earning per Share (EPS) of Rs.37.34.

b. Again, the Company should have adjusted Rs. 774.67 lakh provision pertaining to current year from the Provision for interest on Punjab Infrastructure Cess (Note 29E) already debited whereas, the Company has not reversed the current year’s provision from the expenditure already debited but has reversed Rs.774.67 lakh through Exceptional Items Expense/(Income) – Provisions no longer required (Note 30) resulting in overstatement of Other expenses – ProvisionandWriteoffexpenses(Note29E)tothetune of Rs.774.67 lakh and also overstatement of Exceptional Items Expense/(Income) – Provisions no longer required (Note 30) by Rs.774.67 lakh.

c. Since the Company has reversed the accumulated provision, it should have treated Rs.6459.99 lakh being provision of interest on Punjab Infrastructure Cess as a contingent liability and disclosed the same in the notes to accounts as per Ind AS37.

3. The Company has not given complete disclosure as required under para 84 and para 85 of Ind As 37 for the provisions like Provision for Punjab Infrastructure Cess amounting to Rs.4303.69 lakh, Provision for expenses amounting to Rs.151.09 lakh, Provision for interest on outstanding dues to MSME amounting to Rs.141.85 lakh andotherstaffrelatedprovisionsamountingtoRs.1416.58lakh disclosed under note no. 17 of Revised Financial Statements.

4. The Company has not disclosed the transaction with Company Secretary who is a Key Management personnel as per section 203(2) of the companies Act, 2013. The Company has also not disclosed the compensation to other Key management Personnel as per para 17 of Ind AS 24.

5. The Company has not used the word “Revised” in the Financial Statements approved by the Board in its meeting held on 23rd August 2018 on which our independent auditors report is being issued.

6. Balances under Trade Receivables (Other than NTC), Trade payables, EMD / Deposits / Retention moneyasdetailedhereunderaresubjecttoconfirmation/Reconciliation and consequent adjustments, if any.

48 dt dm{f©H$ [anmoQ>© 2017-18

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(é. H$amoS> ‘|)ã`

m¡ao

31.0

3.20

18 H

$mo eof

g‘m

YmZ/

nw{ï

> {H$

E JE

eof

A§Va

nw{ï>/

g‘m

YmZ

{H$E

JE

eof

H$m %

(EZQ>rgr H$mo N>mo‹S>H$a) ì`mnma àmß`

214.95 0.10 214.85 99.95%

ì`mnma ^wJVmZ `mo½`

65.60 1.86 63.74 97.16%

B©E‘S>r/O‘m/arQ>|eZ ‘Zr

53.14 5.54 47.60 89.57%

à{VHy$b am` h‘mar am` ‘| à{VHy$b am` n¡amJ«m’$ Ho$ AmYma na ‘hËdnyU© ‘m‘bm| na hþB© MMm© Ho$ H$maU CnamoŠV g§emo{YV B§S>EEg {dËVr` {dda{U`m± B§S>EEg H$mo em{‘b H$aHo$ ^maV ‘| gm‘mÝ` ê$n go ñdrH¥$V boIm {gÕm§Vmo Ho$ AZwgma ghr d Cn`wŠV pñW{V Zht Xem©Vo h¢ &

i. {XZm§H$ 31 ‘mM©, 2018 H$mo H§$nZr Ho$ H$m`©H$bmnm| H$s pñW{V VwbZ nÌ Ho$ ‘m‘bo ‘| ({dËVr` pñW{V)

ii. H§$nZr Ho$ AnZo bm^ bm^ d hm{Z {ddaUr Ho$ ‘m‘bo ‘| AÝ` ì`mnH$ Am` H$mo em{‘b H$aHo$ ({dËVr` H$m`© {ZînmXZ), VWm

iii. H§$nZr Ho$ AnZo ZH$X àdmh {ddaUr Ho$ ‘m‘bo ‘| VWm Cgr {XZ H$mo g‘mßV df© Ho$ {bE B{¹$Q>r ‘| n[adV©Z

‘m‘bm| na Omoa

h‘ g§emo{YV B§S>EEg Ho$ AZwê$n {dËVr` {ddaU H$s {Q>ßnUr Ho$ ‘m‘bm| na ^r Ü`mZ AmH${f©V H$aVo h¢ &

ZmoQ> g§. 32 {Og‘| H$hm J`m h¡ {H$ dñÌ ‘§Ìmb`, ^maV gaH$ma go Ý`yZV‘ g‘W©Z ‘yë` g§MmbZ Ho$ A§VJ©V à{Vny{V© `moJ am{e 31.03.2018 H$mo 3,14,313.76 bmI ê$nò (JV df© 2,95,737.27 bmI ê$nò) h¡ &

h‘mam Ñ{ï>H$moU n[anŠdVm Ho$ à^md Ho$ VhV aIo Jò ‘m‘bm| Ho$ ‘ÔoZOa g§emo{YV Zht h¡ &

AÝ` ‘m‘bo

h‘Zo g§emo{YV {dËVr` {dda{U`m| Ho$ ZmoQ> g§. 52 ‘| CëbopIV {dËVr` {dda{U`m| ‘| g§emoYZ H$mo VÖÝVa KQ>ZmAm| H$s boIm narjm à{H«$`m H$mo à{V~§{YV H$a {X`m h¡ &

(Rs. In Crores)

Part

icul

ars

Bal

ance

as

at

31.0

3.20

18

Bal

ance

R

econ

cile

d/

Con

firm

ed

Diff

eren

ce

% o

f bal

ance

no

t con

firm

ed /

reco

ncile

d

Trade Receivable (Other than NTC)

214.95 0.10 214.85 99.95%

Trade Payables

65.60 1.86 63.74 97.16%

EMD / Deposits / Retention Money

53.14 5.54 47.60 89.57%

Adverse OpinionIn our opinion, because of the significance of mattersdiscussed in the Basis of Adverse Opinion paragraph, the aforesaid Revised Ind AS Financial Statements do not give a true and fair view in conformity with the accounting principles generally accepted in India including the Ind AS, i. In the case of the Balane Sheet, of the state of affairs(Financialposition)oftheCompanyasatMarch31, 2018, ii. InthecaseofStatementofProfitandLossofitsProfit(Financial performance including Other Comprehensive Income), and iii. In the case of Cash flow Statement of its CashFlows and the Changes in Equity for the year ended on that date.

Emphasis of Matter

We also draw attention to the matters in the notes to the revisedIndASfinancialstatements.

Note No. 32 wherein it has been stated that the amount receivable on account of Minimum Support Price operations reimbursable from Ministry of Textiles, Government of India as on 31.03.2018 is Rs. 3,14,313.76 lakh (Previous Year Rs. 2,95,737.27 lakh).

Our opinion is not modified in respect of the mattersstated under Emphasis of matter.

Other MattersWe have restricted our audit procedures on subsequent eventssolelytotheamendmentsinfinancialstatementsasdescribedinnoteno.52ofrevisedfinancialstatements.


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AÝ` {d{Y d {d{Z`‘Z Amdí`H$VmAm| na [anmoQ>©

1. A{Y{Z`‘ H$s Ymam 143 H$s CnYmam (11) Ho$ AZwgma Ho$ÝÐr` ^maV gaH$ma Ûmam Omar `Wmg§emo{YV H§$nZrO (boIm narjm [anmoQ>©) AmXoe 2016 (AmXoe) H$s Amdí`H$Vm Ho$ AZwgma AmXoe H$s n¡am 3 d 4 ‘| {Z{X©îQ> ‘m‘bm| na {ddaUr ""n[a{eîQ> H$'' ‘| Xo aho h¢&

2. h‘H$mo Xr hþB© OmZH$mar d ñnîQ>rH$aU VWm H§$nZr Ho$ [aH$m°S©>g Ho$ gË`mnZ Ho$ AmYma na, h‘ A{Y{Z`‘ H$s Ymam 143(5) Ho$ AZwgma n[a{eîQ> "I' ‘| {Z`§ÌH$ Ed§ ^maV Ho$ ‘hm boIm narjH$ Ûmam Omar {ZXoem| na AnZr {Q>ßnUr XoVo h¢ &

3. A{Y{Z`‘ H$s Ymam 143(3) Ûmam Amdí`H$VmZwgma, h‘ [anmoQ>© H$aVo h¢ {H$ :

H$) h‘Zo OmZH$mar hm{gb H$s h¡ VWm, à{VHy$b am` n¡amJ«m’$ Ho$ {bE AmYma ‘| CëbopIV ‘m‘bo Ho$ g§^m{dV à^mdm| H$mo N>mo‹S>H$a h‘Zo h‘mar OmZH$mar d {dídmg ‘| h‘mao boIm narjm Ho$ bú` Ho$ {bE Amdí`H$ g^r OmZH$m[a`m± Edo ñnîQ>rH$aU àmßV H$a br h¢ &

I) CnamoŠV à{VHy$b n¡amJ«m’$ Ho$ {bE AmYma ‘| CëbopIV ‘m‘bo Ho$ g§^m{dV à^mdm| H$mo N>mo‹S>H$a H§$nZr Zo A^r VH$ h‘mao Ûmam H$s JB© nwñVH$mo H$s Om±M H$mo XoIVo hþE `h àVrV hmoVm h¡ {H$ H§$nZr Zo {d{Y H$s Amdí`H$VmZwgma nwñVH|$ aIr h¡ &

J) VwbZ nÌ, bm^ d hm{Z H$s {ddaUr (AÝ` ì`mnH$ Am`) em{‘b H$aHo$ ZH$X àdmh {ddaUr VWm B{¹$Q>r ‘| n[adV©Z H$s {ddaUr H$mo Bg [anmoQ>© Ho$ gmW Om±M H$a br h¡ Omo boIm nwñVH$m| Ho$ H$ama Ho$ AZwgma h¢ &

K) CnamoŠV à{VHy$b am` n¡amJ«m’$ Ho$ {bE AmYma ‘| CëbopIV ‘m‘bm| Ho$ à^md H$mo N>mo‹S>H$a h‘mar am` ‘| A{Y{Z`‘ H$s Ymam 133 Ho$ A§VJ©V {d{eîQ> ^maVr` boIm ‘mZH$ Ho$ AZwnmbZ ‘| CnamoŠV B§S>EEg {dËVr` {dda{U`m| H$mo BgHo$ A§VJ©V Omar g§~§{YV {Z`‘mdbr go n‹T>m Om`o &

S>) CnamoŠV à{VHy$b am` n¡amJ«m’$ Ho$ {bE AmYma ‘| CëbopIV ‘m‘bo, h‘mar am` ‘| H§$nZr Ho$ H$m`m} na à{VHy$b à^md Zht n‹S>Zm Mm{hE &

M) {ZJ{‘V H$m`©H$bmn ‘§Ìmb` (^maV gaH$ma) Ûmam Omar {XZm§H$ 5 OyZ, 2015 H$s A{YgyMZm g§. OrEgAma 463 (B©) H$mo XoIVo hþE {ZXoeH$m| H$s A`mo½`Vm go g§~§{YV A{Y{Z`‘ H$s Ymam 164(2) Ho$ àmdYmZ H§$nZr H$mo bmJy Zht h¡ &

Report on Other Legal and Regulatory Requirements 1. As required by the Companies (Auditor’s Report)

Order, 2016 (“the Order”), as amended, issued by the Central Government of India in terms of sub-section (11) of section 143 of the Act, we give in the “Annexure A”astatementonthemattersspecifiedinparagraphs3 and 4 of the Order.

2. Basedon theverificationof recordsof thecompanyand information and explanations given to us, we give our comments on the Directions issued by the Comptroller and Auditor General of India in terms of Sec 143(5) of the Act in “Annexure B”:

3. As required by section 143 (3) of the Act, we report that:

a. We have sought and, except for the possible effects of the matter decribed in the Basis forAdverse Opinion paragraph above, obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit;

b. Except for the possible effects of the matterdescribed in the Basis for Adverse Opinion paragraph above, in our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books.

c. TheBalanceSheet, theStatementofProfitandLoss (Including Other Comprehensive Income), the Cash Flow Statement and the Statement of Changes in Equity dealt with by this Report are in agreement with the books of account.

d. Exceptfortheeffectofthemattersdescribedinthe Basis for Adverse Opinion paragraph above, in our opinion, the aforesaid Ind AS financialstatements comply with the Indian Accounting Standardsspecifiedundersection133oftheAct,read with relevant rules issued there under.

e. The matters described in the Basis for Adverse Opinion paragraph above, in our opinion,may not haveanadverseeffectonthefunctioningoftheCompany.

f. The provisions of Section 164 (2) of the Act regarding disqualification of directors are notapplicabletotheCompanyinviewofNotificationNo. G.S.R. 463 (E) dated 5th June, 2015 issued byMinistryofCorporateAffairs (GovernmentofIndia).

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g. The remarks relating to the maintenance of accounts and other matters connected therewith are as stated in the Basis for Adverse Opinion paragraph above.

h. With respect to adequacy of the internal financialcontrolsoverfinancialreportingoftheCompany and the operating effectiveness ofsuch controls, refer to our separate Report in “Annexure- C”.

i. With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, read with the Companies (Audit and Auditors) amendment Rules 2017, in our opinion and to the best of our information and according to the explanations given to us:

i. Except for the non disclosure of liability as described in paragraph 2(c) of Basis of Adverse Opinion above, the Company has disclosed the impact of pending litigations on itsfinancialposition in its revised IndASfinancialstatementsasreferred to inNote 31 to the revised IndAS financialstatements.

ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.

iii. The provision of transferring the amount to the Investor Education and Protection Fund is not applicable to the Company.

N>) boImo Ho$ aIaImd VWm Cggo g§~§{YV AÝ` ‘m‘bm| Ho$ [a‘mH©$g à{VHy$b am` n¡amJ«m’$ Ho$ {bE AmYma ‘| A{^{bpIV {H$`m J`m h¡ &

O) H§$nZr Ho$ Am§V[aH$ {dËVr` {Z`§ÌU na {dËVr` [anmo{Qª>J H$s n`m©ßVVm go g§~§{YV VWm Cg {Z`§ÌU Ho$ à^mdembr n[aMmbZ Ho$ ~mao ‘| h‘mar n[a{eîQ> "J' na AbJ [anmoQ>© XoI| &

i) boIm narjm [anmoQ>© ‘| AÝ` ‘m‘bo em{‘b H$aZo Ho$ ~mao ‘| H§$nZrO {Z`‘mdbr 2014 (boIm narjm d boIm narjH$) Ho$ {Z`‘ II Ho$ AZwgma H§$nZrO g§emoYZ {Z`‘mdbr 2017 (boIm narjm d boIm narjH$) g{hV n‹T>m Om`o & h‘mar am` ‘| VWm h‘| àmßV loîR> OmZH$mar d h‘H$m| {XE JE ñnîQ>rH$aU Ho$ AZwgma :

i. Cn`w©ŠV à{VHy$b am` Ho$ AmYma na n¡amJ«m’$ 2(J) ‘| CëbopIV Xo`VmAm| Ho$ àH$Q>rH$aU H$mo N>mo‹S>H$a H§$nZr Zo g§emo{YV B§S>EEg {dËVr` {dda{U`m| Ho$ ZmoQ> 31 ‘| g§X^© Ho$ ê$n ‘| g§emo{YV B§S>EEg {dËVr` {ddaUr ‘| {dËVr` pñW{V na b§{~V {bQ>rJoeZ Ho$ à^mdm| H$m àH$Q>Z {H$`m h¡ &

ii. H§$nZr Ho$ nmg ì`wËnÝZ AZw~§Ymo g{hV H$moB© XrK©H$m{bH$ AZw~§Y Zht Wo {OgHo$ {bE ^m¡{VH$ ê$n go em`X hr H$moB© hm{Z CR>mZr n‹S>r &

iii. H§$nZr H$mo {ZdoeH$ {ejm VWm gwajm {Z{Y ‘| am{e ñWmZm§VaU H$aZo H$m àmdYmZ bmJy Zht h¡&

~g§b Ama.Hw$‘ma E§S> Agmo{gEQ²g For Bansal R. Kumar & AssociatesgZXr boImnmb Chartered Accountants

grE Ama Ho$ JwßVmCA.R.K. Gupta nmQ>©ZaPartnerE‘ Z§. 086851M. No.: 086851 ñWmZ : ZB© {Xëbr Place: New Delhi{XZm§H$ : 15/10/18 Dated: 15/10/18

~doOm E§S> H$m¡bFor Baweja and KaulgZXr boImnmbChartered Accountants

grE X{bn Ho$ H$m¡bCA Dalip K Kaul nmQ>©ZaPartner E‘. Z§. 083066M. No.: 083066


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Annexure - A to the Independent Auditors’ Report [The Annexure Referred to in Paragraph 1 Under the heading “Report on Other Legal and Regulatory Requirements” section of our Report of even date to the members of The Cotton Corporation of India Limited for the financial year ended 31st March 2018]

On the basis of such checks as we considered appropriate and according to the information and explanation given to us by the management during the course of our audit, we report that:

(i) (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of Property Plant and Equipment.

(b) The management has carried out physical verificationofPropertyPlantandEquipmentattheyear end, which in our opinion is reasonable having regard to the size of Company and nature of its assets. No material discrepancies were noticed on suchverification.

(c) Based on the documents provided and examined, title deeds of immovable properties are held in the name of Company.

(ii) Theinventoriesareverifiedbytheinternalauditorsat regular intervals. Further, the inventories have also been physically verified by the Independentagencies at the year end. In our opinion, having regard to the volume of the inventories, the frequency/intervals of verification is reasonable.No material discrepancies were noticed on such verification.

(iii) The Company has not granted any loans, secured orunsecuredtoCompanies,firms,LimitedLiabilityPartnerships or other parties covered in the register maintained under Section 189 of the Companies Act 2013. In view of this, the related provisions of sub clause (a), (b) and (c) of clause 3(iii) of the Order are not applicable to the company.

(iv) The Company has not given any loans, guarantees and security, and has not made investments covered under section 185 and 186 of the Companies Act 2013. Accordingly, clause 3(iv) of the Order is not applicable to the company.

(v) The Company has not accepted any deposits from the public within the meaning Section 73 to 76 or any other relevant provisions of the Companies Act 2013 and the rules framed thereunder, Consequently the directives issued by the Reserve Bank of India and the provision of the Companies Act 2013 and the rules framed there under are not applicable to the company.

ñdV§Ì boIm narjH$m| H$s [anmoQ>© H$m n[a{eï> - H$

(31 ‘mM©, 2018 H$mo g‘mßV df© Ho$ {bE ^maVr¶ H$nmg {ZJ‘ {b{‘Q>oS> Ho$ {dÎmr¶ {ddaUm| na h‘mar g‘{XZm§{H$V [anmoQ>© Ho$ A§VJ©V "{d{YH$ VWm {d{Z¶‘Z Amdí¶H$VmAm| na [anmoQ>©²g' Ho$ n¡amJ«m’$ 1 ‘| g§X{ ©V {H$¶m J¶m n[a{eï>)

h‘mao Ûmam H$s JB© n¶m©ßV Om±M Ho$ AmYma na VWm boIm narjm Ho$ Xm¡amZ h‘| Xr JB© gyMZm d ñnï>rH$aU Ho$ AZwgma h‘ [anmoQ>© H$aVo h¢ {H$ :

(i) (H$) H§$nZr Zo AMb n[ag§n{Îm¶m| H$s pñWVr Am¡a ‘mÌmË‘H$ {ddaU Ho$ gmW nyao ã¶m¡ao Xem©Zodmbo C{MV A{^boIm| H$m AZwajU {H$¶m h¡ &

(I) O¡gm h‘| ñnï>rH$aU {X¶m J¶m h¡, à~§Y ì¶dñWm Zo df© Ho$ A§V ‘| AMb n[ag§n{Îm¶m| H$m àË¶j gË¶mnZ {H$¶m Wm, Omo h‘mao ‘VmZwgma H§$nZr Ho$ AmH$ma d n[ag§n{Îm¶m| Ho$ AZwê$n h¡& Bg àH$ma Ho$ gË¶mnZ ‘| H$moB© dmñV{dH$ {dg§JVr Zht nm¶r J¶r h¡ &

(J) CnbãY H$adm¶o JE XñVmdoOm| VWm CZH$s Om±M Ho$ AmYma na H§$nZr Ho$ Zm‘ na AMb g§n{Îm Ho$ Q>mB©Q>b S>rS>g nm¶o JE h¢ &

(ii) ‘mbgyMr H$m gË`mnZ Am§V[aH$ boIm narjH$ Ûmam {Z`{‘V A§Vamb na {H$`m OmVm h¡ & df© Ho$ A§V ‘| ñdV§Ì gË`mnH$ Ûmam ‘mbgyMr Ho$ dmñV{dH$ gË`mnZ {H$`m J`m h¡ & h‘mar am` ‘|, ‘mbgyMr H$s ‘mÌm H$mo XoIVo hþE gË`mnZ H$s Amd¥{Îm C{MV h¡ & BZ gË`mnZ na ‘w»` ê$n go H$moB© {dg§J{V`m± Zht nm`r JB© &

(iii) H§$nZr A{Y{Z`‘ 2013 H$s Ymam 189 Ho$ A§VJ©V aIo J`o a{OñQ>a ‘| {Z{hV Ho$ AZwgma H§$n{Z`m|, ’$‘©g² `m AÝ` nm{Q©>`m| H$mo/go {H$gr r àH$ma H$m a{jV m Aa{jV F$U Z Vmo àXmZ {H$`m h¡ Am¡a Z hr {b`m h¡ & AV: BgHo$ AZwgma Šbm°O 3,(iii) Ho$ Cn Šbm°O (a), (b) Ed§ (c) Ho$ AmXoe Ho$ g§~§{YV àmdYmZ H§$nZr na bmJy Zht h¡ &

(iv) h‘H$mo Xr JB© gyMZm d ñnîQ>rH$aU Ho$ AZwgma H§$nZr Zo H$moB© F$U, Jma§Q>r VWm à{V^y{V Zht Xr h¡ VWm H§$nZr A{Y{Z`‘, 2013 H$s Ymam 185 d 186 Ho$ AYrZ H$moB© {Zdoe H$da Zht {H$`m J`m h¡ & AV: Šbm°O 3(iv) Ho$ Am°S>a Ho$ Bg I§S> go g§~§{YV àmdYmZ H§$nZr na bmJy Zht h¡ &

(v) H§$nZr Zo H§$nZr A{Y{Z`‘, 2013 H$s Ymam 73 go 76 Am¡a AÝ` g§~§{YV {H$gr àmdYmZ Ho$ A§VJ©V H$moB© O‘m am{e npãbH$ go ñdrH$ma Zht H$s h¡& n[aUm‘ñdê$n Bg g§~§Y ‘| ^maVr` [aOd© ~¢H$ Ûmam Omar {ZX}e Am¡a H§$nZr A{Y{Z`‘, 2013 Ho$ àmdYmZ H§$nZr na bmJy Zht hmoVo h¢ &

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C.C.I.

(vi) The Central Government of India has not prescribed the maintenance of cost records by the Company under sub-section (1) of section 148 of the Act in respect of any of the activities of the company.

(vii) (a) The Company has generally been regular in depositing undisputed statutory dues including provident fund, income-tax, sales-tax, wealth tax, service tax, duty of customs, duty of excise, value added tax, cess and any other statutory dues to the appropriate authorities and there are no arrears of undisputed outstanding statutory dues as on the last dayofthefinancialyearforaperiodofmorethansixmonths from the date they became payable We have been informed that employees’ state insurance is not applicable to the company.

(b) The following dues of Sales tax, VAT, Purchase

tax, cess etc. have not been deposited on account of pending disputes :

(vi) H§$nZr A{Y{Z`‘ H$s Ymam 148 H$s Cn-Ymam (1) Ho$ A§VJ©V H§$nZr na H|$Ð gaH$ma Ûmam {ZYm©[aV bmJV [aH$mS©> H$m aI-aImd H§$nZr H$s {H$gr ^r àH$ma H$s J{V{d{Y`m| Ho$ {bE bmJy Zht hmoVo h¡ &

(vii) (H$) H§$nZr ^{dî` {Z{Y, H$‘©Mmar ~r‘m, Am`H$a, {~H«$s H$a, g§n{Îm H$a, g{d©g H$a, H$ñQ>åg S>`wQ>r, EŠgmB©g S>`yQ>r, doQ>, gog VWm H$moB© ~H$m`m gm§{d{YH$ am{e Cn`wº$ àm{YH$m[a`m| Ho$ nmg, gm‘mÝ`V: {Z`{‘V ê$n go O‘m H$a ahr h¡ Am¡a g§~§{YV {dÎmr` df© Ho$ A§{V‘ {XZ na H$moB© A{ddm{XV ~H$m`m gm§{d{YH$ am{e Zht h¡ Omo Xo` VmarI go 6 ‘mh go A{YH$ g‘` Ho$ {bE ~H$m`m hmo & h‘| `h ~Vm`m J`m h¡ {H$ H$‘©Mmar amÁ` ~r‘m A{Y{Z`‘ H§$nZr na bmJy Zht h¡&

(I) {~H«$s H$a, d¡Q>, nM}O Q>¡Šg, gog BË`m{X go g§~§{YV {ZåZ{bpIV ~H$m`m b§{~V {ddmX Ho$ H$maU O‘m Zht {H$E JE h¡ :

gm§{d{YH$ H$m Zm‘

Name of the Statute

Xo¶ H$m àH$ma

Nature of dues

O‘m am{e Omo {ddmX Ho$ A§VJ©V A^r VH$ O‘m Zht H$s JB© h¡ (bmI én¶o ‘|) Amount under dispute

not yet deposited (Rs. in lakh)

am{e go g§~§{YV Ad{Y

({ZYm©aU df©)Period to which the

amount relates (Assessment

Years)

{H$g ’$moa‘ na {ddmX b§{~V h¡

Forum where dispute is pending.

amÁ¶ Am¡a H|$Ð {~H«$s H$a A{Y{Z¶‘

State & Central Sales Tax Act

IarX H$a Ho$ A§VJ©V ‘m§J

Demand under Purchase Tax.

53.59 1996-97

{~H«$s H$a {Q´>~wZb, {demImnQ>Z‘ ‘| Anrb

Appeal in Sales Tax Tribunal,

Yisakhapatnam.



Enr d¡Q> E³Q> Ho$ A§VJ©V ‘m§J

Demand under AP VAT Act.

5.96 2011 -12

h¡Xam~mX hmB©-H$moQ>© ‘| Anrb

Appeal in High Court, Hyderabad





16.99 2013-14

Cn Am¶wº$ dma§Jb Ho$ gm‘Zo Anrb

Appeal in Appellate Dy. Commissioner, Warangal





15.58 2013-14

h¡Xam~mX hmB©H$moQ>© ‘| Anrb

Appeal in High Court, Hyderabad


State & Cen tral Sales Tax Act

{~H«$s H$a Ho$ A§VJ©V ‘m§J

Demand underSales Tax.

11.37 2012-13

Cn Am¶wº$ Ho$ gm‘Zo Anrb

Appeal Before Dy. Commissioner, Appeals


66

^m.H.{Z.

C.C.I.





0.20 2014-15

B§Xm¡a dm{UÁ¶ H$a Ho$ gm‘Zo Anrb

Appeal before Commercial Taxes,

Indore




Demand under Sales Tax.

6.25 2008-09

OogrQ>r (Anrëg), YmadmS>

JCT (Appeals), Dharwad





13.73 2011 -12

OogrQ>r (Anrëg), YmadmS>

JCT (Appeals), Dharwad





6.83 2011-12

ES>rgr (grQ>r)-Jw§Vya

ADC(CT)-Guntur


State & CentralSales Tax Act



9.01 2013-14

ES>rgr (grQ>r)-Jw§Vya

ADC(CT)-Guntur





4.06

1980-81, 1981-82, 1989-90

VWm 1992-93.

nwZ: {ZYm©aU Ho$ {bE Anrb Xþ~mam ^qQ>S>m {~H«$s H$a H$m¶m©b¶ ‘| ^oOr J¶r &Appeals remanded

back for reassessment at Bhatinda Sale Tax

Office.




Demand underSales Tax

14.28 2010-11 VWm 2011-12

n§Om~ d¡Q> {Q´pã`wZb, M§S>rJ‹T>

Punjab VAT Tribunal,chandigarh.

godm H$a

Service Tax

godm H$a Ho$ A§VJ©V ‘m§J

Demand under service tax

4.06 2009-10

grB©EgQ>rEQ>r, H$mobH$mVm

CESTAT, Kolkata





3.97 2005-06

ì¶dgm¶ H$a H$‘reZa, ~ahm§nwa, CS>rgm Ho$ nmg

AnrbAppeal with

Commissioner of Commercial Tax,

Berhampur, Orissa

48 dt dm{f©H$ [anmoQ>© 2017-18

67


^m.H.{Z.

C.C.I.





1.53 2006-07

ì¶dgm¶ H$a H$‘reZa, ~ahm§nwa, CS>rgm Ho$ nmg

AnrbAppeal with

Commissioner of Commercial Tax,

Berhampur, Orissa





5.42 2010-11

{~«H$s H$a {Q´>ã¶yZb, CS>rgm Ho$ nmg Anrb

Appeal with Sales TaxTribunal, Orissa





2.57 2007-08 Am¡a 2008-09

{~«H$s H$a g§¶wº$ H$‘reZa (Anrëg), ‘hmamï´> Ho$ nmg

Appeal with Jt. Commissioner of

Sales Tax (Appeals), Maharashtra


State & CentralSales T 1x Act


Demand under Sales Tax

2.27 2009-10

{~«H$s H$a {Q´>ã¶yZb, CS>rgm Ho$ nmg Anrb

Appeal with Sales Tax Tribunal, Orissa

Am¶H$a A{Y{Z¶‘, 1961

Income Tax Act, 1961

Ymam 200 E Ho$ A§VJ©V

U/s 200A 1.82 2006-07 go 2011 -12

Am¶H$a Am¶wº$, ‘w§~B© Ho$ nmg Anrb

Appeal with Commissioner of Income

Tax, Mumbai

Am¶H$a A{Y{Z¶‘, 1961

Income Tax Act, 1961

àmoËgmhZ na Q>rS>rEg

TDS on incentive 41.11 2013 go 2015

Am¶H$a Am¶wº$ Ho$ nmg Anrb

Appeal with Commissioner of Income

Tax

n§Om~ BZ’«$mñQ´>¡³Ma {S>dbn‘|Q> E§S> aoJwboeZ

E³Q> 2002Punjab Infrastructure

(Development & Regulation)Act, 2002.

n§Om~ BZ’«$mñQ´>¡³Ma gog

Punjab Infrastructure

Cess

4292.79* 2005-06 go 2015-16

gdm}ƒ Ý`m`mb` Ho$ nmg ñnoeb brd no{Q>eZ Xm`a

H$s h¡ &Special Leave Petition

filedwithHon’bleSupreme Court.


68

^m.H.{Z.

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*Includes demand of Rs. 32.72 lakh against which another appeal isfiledbeforeExcise&TaxationCommissioner(Appeals), Faridkot Division, Bathinda

(viii) The Company has not defaulted in repayment of loansorborrowingtoanyfinancialinstitution,bank,Government. The Company has not issued any debentures in Financial Year 2017-18 or earlier.

(ix) The company has not raised any money by way of initial public offer or further public offer (Includingdebt instruments) and term loan during the year. Accordingly this clause is not applicable to the Company.

(x) No fraud by the Company has been noticed during the year. Further, there are no fraud cases noticed and reported during the current year on the company by any person including its officers / employees.However, cases of fraud on the Company by its employees pertaining to earlier years have been disclosed by the company in its IndAS financialstatements in note no. 41.

(xi) The provisions of Section 197 of the Companies Act, 2013 in respect of Managerial Remuneration are not applicabletotheCompanyinviewofNotificationno.G.S.R No. 463 (E) dated 05th June 2015 issued by MinistryofCorporateAffairs(GovernmentofIndia).

(xii) The company is not a Nidhi company. Therefore, the provisions of clause 3(xii) are not applicable to the Company.

(xiii) Except for the matters mentioned in the Basis of Adverse opinion, during the year 2017-18, transactions with the related parties are in compliance with the provisions of section 177 and 188 of the Companies Act 2013 and the details of such transactions have been disclosed in the notes to the IndAS financial statements as required bythe applicable Accounting Standards.

(xiv) The company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year. Therefore, the provisions of clause 3(xiv) are not applicable to the Company.

(xv) The company has not entered into any non-cash transactions with directors or persons connected with him as referred to in Section 192 of The Companies Act 2013. Therefore, the provisions of clause 3(xv) are not applicable to the Company.

(xvi) The company is not required to be registered under section 45 IA of the Reserve Bank of India Act, 1934. Therefore, the provisions of clause 3(xvi) are not applicable to the Company.

*32.72 bmI ê$nò H$s ‘m±J {OgHo$ {dê$Õ CËnmX Ed§ H$amYmZ H$‘ríZa (Anrb), ’$arXH$moQ> S>rdrOZ, ^qQ>S>m Ho$ g‘j Xygar Anrb Xmà h¡ dh ^r Bg‘| em{‘b h¢ &

(viii) H§$nZr Zo gaH$ma, ~¢H$m| d {dËVr` g§ñWmAm| go {bE JE F$Um| Ho$ ^wJVmZ ‘| H$moB© MyH$ Zht H$s h¡ & H§$nZr Zo {d{Îm` df© 2017-18 Ho$ Xm¡amZ {H$gr ^r àH$ma Ho$ 'F$U-nÌ' Omar Zht {H$ò h¡ &

(ix) H§$nZr Zo df© Ho$ Xm¡amZ {H$gr ^r àH$ma Ho$ àmapå^H$ npãbH$ Am°’$a AWdm AmJo H$moB© ^r npãbH$ Am°’$a (F$U XñVmdoOm| H$mo em{‘b H$aHo$) d Q>‘© bmoZ go H$moB© am{e d{Y©V Zht H$s h¡& VXZwgma Bg I§S> Ho$ àmdYmZ H§$nZr na bmJy Zht hmoVo h¢ &

(x) df© Ho$ Xm¡amZ H§$nZr Ûmam {H$gr ^r àH$ma H$s YmoImY‹S>r H$s KQ>Zm g§kmZ ‘| Zht AmB© h¡ & AmJo, Mmby df© Ho$ Xm¡amZ H§$nZr na {H$gr ^r àH$ma H$s YmoImY‹S>r {H$gr ^r H§$nZr Ho$ A{YH$m[a`m|/H$‘©Mm[a`m| H$mo em{‘b H$aVo hþE H$moB© KQ>Zm nm`r Zht JB© h¡ & VWm{n, H§$nZr Ho$ H$‘©Mm[a`m| Ûmam nyd© dfm] ‘| {H$E Jò YmoImY‹S>r Ho$ ‘m‘bm| H$mo H§$nZr Zo AnZo B§S>EEg Ho$ {d{Îm` {dda{U`m| Ho$ ZmoQ> g§. 41 ‘| àH$Q> {H$`m h¡ &

(xi) à~§YZ nm[al{‘H$ Ho$ ~mao ‘| H§$nZr A{Y{Z`‘, 2013 H$s Ymam 197 Ho$ àmdYmZ H$m°nm}aoQ> (^maV gaH$ma) {ZJ{‘V H$m`©-H$bmn ‘§Ìmb` Ûmam Omar A{YgyMZm g§. Or.Eg.Ama.463(B©) {XZm§H$ 5 OyZ, 2015 Ûmam H§$nZr H$mo `h bmJy Zht h¡ &

(xii) `h H§$nZr {Z{Y H§$nZr Zht h¡ VXZwgma Šbm°O 3(xii) Ho$ àmdYmZ H§$nZr na bmJy Zht h¡ &

(xiii) à{VHy$b am` Ho$ AmYma ‘| ~Vmò JE ‘m‘bm| H$mo N>mo‹S>H$a df© 2017-18 H|$ Xm¡amZ g§~§{YV nmQ>uO Ho$ gmW boZ XoZ H$m H§$nZrO A{Y{Z`‘ 2013 H$s Ymam 177 Ed§ 188 Ho$ àmdYmZm| go AZwnmbZ {H$`m J`m h¡ VWm bmJy boIm ‘mZH$m| H$s Amdí`H$VmZwgma B§S>EEg {dËVr` {dda{U`m| Ho$ ZmoQ²g ‘| BZ {ddaUm| H$m àH$Q>Z {H$`m J`m h¡ &

(xiv) H§$nZr Zo g‘rjmYrZ df© Ho$ Xm¡amZ {S>~|Ma eoà AWdm Am§{eH$ `m nyU©Vm g§n[adV©Zr` {S>~|Ma H$m Am§{eH$ AWdm nyU©Vm {ZOr ê$n go Amd§Q>Z Zht {H$`m h¡ & VXZwgma 3(xiv)I§S> Ho$ àmdYmZ H§$nZr na bmJy Zht hmoVo h¡ &

(xv) H§$nZr Zo H§$nZrµO A{Y{Z`‘ 2013 H$s Ymam 192 H$mo XoIVo hþE df© Ho$ Xm¡amZ {ZXoeH$m| AWdm CZgo g§~§{YV ì`{º$òm§ go Zm°Z H¡$e Q´mogoŠeÝg Zht {H$`m h¡ & AV: 3(xv) IÊS> Ho$ àmdYmZ H§$nZr na bmJy Zht hmoVo h¡ &

(xvi) H§$nZr H$mo ^maVr` [aµOd© ~¢H$ A{Y{Z`‘ 1934 H$s Ymam 45-1E Ho$ A§VJ©V n§OrH$aU H$aZo H$s Amdí`H$Vm Zht h¡ & VXZwgma Šbm°O 3(xvi) Ho$ àmdYmZ H§$nZr na bmJy Zht h¡ &

48 dt dm{f©H$ [anmoQ>© 2017-18

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C.C.I.

H¥$Vo ~§gb Ama. Hw$‘ma E§S> Egmo{gEQ²>gfor Bansal R. Kumar & AssociatesgZXr boImnmbChartered Accountants(’$‘© a{OñQ´>oeZ Z§. 008186EZ)FRN : 008186N

hñVm/-Sd/-gZXr boImnmbChartered AccountantsAma.Ho$.JwßVmCA. R.K. Gupta ^mJrXmaPartnergXñ¶Vm H«$‘m§H$ : 086851

M. No.: 086851

{XZm§H$ : 15/10/2018Dated : 15/10/2018hñVmja H$m ñWmZ : ZB© {X„rPlace : New Delhi

H¥$Vo ~doOm Am{U H$m¡bfor Baweja and KaulgZXr boImnmbChartered Accountants(’$‘© a{OñQ´>oeZ Z§. 005834EZ)FRN: 005834N

hñVm/-Sd/-gZXr boImnmbChartered AccountantsXbrn Ho$. H$m¡bCA Dalip K Kaul^mJrXma PartnergXñ¶Vm H«$‘m§H$ : 083066M. No.: 083066

{XZm§H$ : 15/10/2018Dated : 15/10/2018hñVmja H$m ñWmZ : ZB© {X„rPlace : New Delhi


70

^m.H.{Z.

C.C.I.

“Annexure B” to the Independent Auditor’s Report The Annexure Referred to in Paragraph 2 Under the heading “Report on Other Legal and Regulatory Requirements” section of our Report of even date to the members of The Cotton Corporation of India Limited for the financial year ended 31st March 2018

ñdV§Ì boIm n[ajH$ [anmoQ>© H$m n[a{eï> - I

31 ‘mM©, 2018 H$mo g‘mßV df© Ho$ {bE ^maVr` H$nmg {ZJ‘ {b{‘Q>oS> Ho$ {dËVr` {dda{U`m| na h‘mar g‘{XZm§{H$V [anmoQ>© Ho$ A§VJ©V {d{YH$ VWm {d{Z`‘Z Amdí`H$VmAm| na [anmoQ>©g Ho$ n¡amJ«m’$ 2 ‘| g§X{^©V {H$`m J`m n[a{eîQ> "I'

H«$‘m§H$ S. No.

{ZXoeDirection

h‘mam CËVaOur Reply

1 Š`m H§$nZr H$mo H«$‘e: ’«$shmoëS> d brOhmoëS> y{‘ Ho$ {b`o ŠbrAa Q>mBQ>b / brO S>rS²g h¡ ?`{X Zht Vmo, H¥$n`m ’«$shmoëS> d brOhmoëS> y{‘ H$m joÌ gy{MV H$a| {OgHo$ {bE Q>mB©Q>b/brO S>rS²g CnbãY Zht h¡&

Whether the company has clear title/lease deeds for freehold and leasehold land respectively?If not, please state the area of freehold and leasehold land for which title/lease deeds are not available

à~§YZ Ûmam Xr JB© gyMZm d ñnîQ>rH$aU Ho$ AZwgma VWm {XE JE XñVmdoOm| H$s Om±M Ho$ AmYma na H§$nZr H$mo H«$‘e: ’«$shmoëS> d brOhmoëS> ^y{‘ Ho$ {bE ŠbrAa Q>mB©Q>b /brO S>rS²g h¡ &

According to the information and explanations given to us by the management and based on the documents provided and examined, the Company has clear titles/lease deeds for freehold and leasehold land respectively.

2 Š`m H$moB©, F$U Ho$ doda/amBQ> Am°’$ bmoÝg/ã`mO BË`m{X Ho$ ‘m‘bo h¢, `{X hm± Vmo CgHo$ H$maU d am{e gy{MV H$a|&

Whether there are any cases of waiver/write off ofdebts/ loans/interest etc., if yes, the reasons therefore and the amount involved.

h‘| à~§YZ Ûmam Xr JB© gyMZm d ñnîQ>rH$aU Ho$ AZwgma df© Ho$ Xm¡amZ F$U Ho$ doda/amBQ> Am°’$ bmoÝg/ã`mO BË`m{X Ho$ ‘m‘bo Zht h¡ &

According to the information and explanations given to us by the management, there are no cases of waiver/ write off of debts/loans/interest etc. duringthe year.

3 Š`m Vrgar nmQ>u Ho$ nmg aIr hþB© ‘mbgyMr VWm gaH$ma AWdm AÝ` àm{YH$m[a`m| go {JâQ>/AZwXmZ Ho$ ê$n ‘| àmßV n[ag§n{Îm`m| H$m C{MV ê$n go aIaImd {H$`m OmVm h¡ &

Whether proper records are maintained for inventories lying with third parties and assets received as gift/grant(s) from Government or other authorities?

H§$nZr Zo df© Ho$ Xm¡amZ aIr hþB© Vrgar nmQ>u Ho$ nmg ‘mbgyMr Ho$ [aH$m°S©> H$m C{MV ê$n go aIaImd {H$`m h¡ & à~§YZ Ûmam h‘| Xr hþB© OmZH$mar Ed§ ñnîQ>rH$aU Ho$ AZwgma H§$nZr H$mo df© Ho$ Xm¡amZ gaH$ma AWdm AÝ` àm{YH$m[a`m| go {JâQ>/AZwXmZ Ho$ ê$n ‘| H$moB© n[ag§n{Îm àmßV Zht hþB© h¡ &

The Company has maintained proper records for inventories lying with third parties during the year. According to the information and explanations given to us by the management, the Company has not received any assets as gifts/grant(s) from Government or other authorities during the year.

48 dt dm{f©H$ [anmoQ>© 2017-18

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hñVm/-Sd/-gZXr boImnmbChartered AccountantsAma.Ho$.JwßVmCA.R.K. Gupta ^mJrXmaPartnergXñ¶Vm H«$‘m§H$ : 086851M. No.: 086851

{XZm§H$ : 15/10/2018Dated: 15/10/2018hñVmja H$m ñWmZ : ZB© {X„rPlace: New Delhi

H¥$Vo ~doOm E§S> H$m¡b for Baweja & KaulgZXr boImnmbChartered Accountants(’$‘© a{OñQ´>oeZ Z§. 005834EZ)FRN: 005834N




72

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“Annexure C” to the Independent Auditors’ Report The Annexure referred to in Paragraph 3(f) under the heading “Report on other Legal and Regulatory requirements” section of our report of even date to the members of The Cotton Corporation of India Limited for the financial year ended on 31st March 2018

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)

Wehaveauditedtheinternalfinancialcontrolsoverfinancialreporting of The Cotton Corporation Of India Limited (“the Company”) as of 31 March 2018 in conjunction with our audit of the financial statements of theCompany for theyear ended on that date.

Management’s Responsibility for Internal Financial Controls

The Company’s management is responsible for establishing and maintaining internal financial controls based on theinternalcontroloverfinancialreportingcriteriaestablishedby the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India (‘ICAI’). These responsibilities include the design, implementation and maintenance of adequate internal financial controlsthat were operating effectively for ensuring the orderlyandefficientconductof itsbusiness, includingadherenceto company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as requiredunder the Companies Act, 2013.

Auditors’ Responsibility

Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting basedon our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the “Guidance Note”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal

ñdV§Ì boIm n[ajH$ [anmoQ>© H$m n[a{eï> - J

{XZm§H$ 31 ‘mM©, 2018 H$mo g‘mßV {dËVr` df© hoVw ^maVr` H$nmg {ZJ‘ {b{‘Q>oS> Ho$ gXñ`m| H$mo h‘mar g‘{XZm§{H$V [anmoQ>© H$s Ymam ""{d{YH$ VWm {d{Z`‘Z'' H$s AÝ` Amdí`H$VmAm| na [anmoQ>©g Ho$ n¡amJ«m’$ 3(E’$) ‘| g§X{^©V {H$`m J`m n[a{eîQ> "J'

H§$nZr A{Y{Z`‘ 2013 (A{Y{Z`‘) H$s Ymam 143 H$s CnYmam 3 Ho$ Šbm°O (I) Ho$ A§VJ©V Am§V[aH$ {dËVr` {Z`§ÌU na [anmoQ>©

h‘Zo ^maVr` H$nmg {ZJ‘ {b{‘Q>oS> (H§$nZr) Ho$ 31 ‘mM© 2018 H$mo {dËVr` [anmoQ>© na Ed§ Cg {XZ H§$nZr H$s h‘mar Amoa go Am§Ho${jV {dËVr` {ddaU Ho$ g§~§Y ‘| Am§V[aH$ {dËVr` {Z`§ÌU H$m narjU {H$`m h¡ &

Am§V[aH$ {dÎmr` {Z`§ÌU Ho$ {bE à~§YZ H$m CËVaXm{`Ëd

X B§pñQ>Q>çwQ> Am°’$ MmQ>©S> AH$mC§Q> Am°’$ B§{S>`m (Am`grEAm`) Ho$ Ûmam Omar {H$E JE {dËVr` [anmo{Qª>J na Am§V[aH$ {dËVr` {Z`§ÌU Ho$ JmBS>Ýg ZmoQ> ‘| CëbopIV Amdí`H$ ‘Xm| H$mo Ü`mZ ‘| aIVo hþE H§$nZr Ho$ Ûmam ñWm{nV {dËVr` [anmo{Qª>J na Am§V[aH$ {dËVr` {Z`§ÌU Ho$ ‘mnX§S> Ho$ AZwgma H§$nZr H$m à~§YZ Am§V[aH$ {dËVr` {Z`§ÌU H$mo ñWm{nV H$aZo VWm Cgo ~ZmE aIZo Ho$ {bE CËVaXm`r h¡ & Bg {Oå‘oXmar ‘| A{Y{Z`‘ Ho$ àmdYmZm| Ho$ AZwgma H§$nZr H$s n[ag§n{Îm`m| H$mo gwa{jV aIZo VWm N>b-H$nQ> d Ìw{Q>`m| H$mo ImoOZo VWm A{Z`{‘VVmAm| H$mo amoH$Zo Ho$ {bE n`m©ßV boIm Zr{V`m| Ho$ M`Z Ý`m`mo{OV d AZw‘mZ bJmZm, Omo C{MV d {ddoH$nyU© hmo VWm {S>OmB©Z, AZwnmbZ d n`m©ßV Am§V[aH$ {dËVr` {Z`§ÌU Ho$ aIaImd Omo boIm [aH$mS©>g² Ho$ nyU© d n[aewÕVm hoVw à^mdembr àMmbZ H$m`© H$a aho hmo, {Oggo {dÎmr` {dda{U`m| H$mo V¡`ma d àñVwV {H$`m Om`o Vm{H$ {dÎmr` {dda{U`m| N>b-H$nQ> d Ìw{Q> Ho$ H$maU ‘oQ>r[a`b {‘g-ñQ>oQ>‘|Q> go ‘wº$ hmo, O¡gm {H$ H§$nZr A{Y{Z`‘ 2013 H$s Amdí`H$Vm h¡ &

boIm narjH$m| H$m Xm{`Ëd

h‘mar {Oå‘oXmar, h‘mar boIm narjm [anmoQ>© Ho$ AmYma na BZ {dÎmr` {dda{U`m| na AnZr am` ì`º$ H$aZm h¡ & h‘Zo h‘mar boIm narjm {dËVr` [anmo{Qª>J na Am§V[aH$ {dËVr` {Z`§ÌU H$s boIm narjm Ho$ {Xem {ZX}e ZmoQ>, Am`grEAm` Ûmam Omar boIm narjH$ Ho$ ‘mZH$ Am¡a H§$nZr A{Y{Z`‘ 2013 H$s Ymam 143 (10) Ho$ AYrZ g‘Po OmZodmbo {ZYm©[aV, Am§V[aH$ {dËVr` {Z`§ÌU H$s boIm narjm H$s gr‘m VH$ bmJy, XmoZm| Am§V[aH$ {dËVr` {Z`§ÌU H$s boIm narjm Ho$ {bE bmJy Ed§ Omo XmoZmo hr

48 dt dm{f©H$ [anmoQ>© 2017-18

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C.C.I.

Financial Controls and, both issued by the Institute of Chartered Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financialcontrolsoverfinancialreportingwasestablishedandmaintainedandifsuchcontrolsoperatedeffectivelyin all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financialcontrols system over financial reporting and theiroperating effectiveness. Our audit of internal financialcontrols over financial reporting included obtainingan understanding of internal financial controls overfinancial reporting, assessing the risk that a materialweakness exists, and testing and evaluating the design andoperatingeffectivenessofinternalcontrolbasedonthe assessed risk. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the Ind AS financialstatements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for ourauditopinionontheCompany’sinternalfinancialcontrolssystemoverfinancialreporting.

Meaning of Internal Financial Controls over Financial Reporting A company's internal financial control over financialreporting is a process designed to provide reasonable assuranceregarding the reliabilityoffinancial reportingand the preparation of IndAS financial statements forexternal purposes in accordance with generally accepted accounting principles. A company's internal financialcontrol over financial reporting includes those policiesand procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assetsof the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparationofIndASfinancialstatementsinaccordancewith generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a materialeffectontheIndASfinancialstatements.

X B§ñQ>rQ>çyQ> Am°’$ MmQ>©S> AH$mC§Q> Am°’$ B§{S>`m (Am`grEAm`) Ho$ Ûmam Omar {H$E JE h¡, Ho$ AmYma na H$s h¡ & BZ ‘mZH$m| d JmBS>Ýg ZmoQ> H$s Anojm h¡ {H$ h‘ Amdí`H$VmZwgma Bg AZwnmbZ d `moOZm H$mo ~ZmE VWm boIm narjm H$m {ZînmXZ H$a| {H$ Š`m {dËVr` [anmo{Qª>J na h‘ C{MV AmídmgZ XoVo h¡ {H$ n`m©ßV Am§V[aH$ {dËVr` {Z`§ÌU ñWm{nV VWm ~ZmE aIm J`m h¡ VWm g^r ‘Q>r[a`b ‘| Bg {Z`§ÌU H$m à^mdembr ê$n go n[aMmbZ {H$`m Om ahm h¡ &

boIm narjm H$s Om±M, narjm Ho$ AmYma na am{e`m| Ho$ g‘W©Z ‘| à‘mU Am¡a {dÎmr` [anmo{Qª>J na Am§V[aH$ {dËVr` {Z`§ÌU H$s n`m©ßVVm Ed§ CZHo$ g§MmbZ H$s à^mderbVm H$s A{^ì`{º$ em{‘b h¡ & M`{ZV nÜX{V ‘|, boIm narjH$m| Ho$ {ZU©`m| ‘| {dÎmr` [anmo{Qª>J na Am§V[aH$ {dËVr` {Z`§ÌU {‘g-ñQ>oQ>‘|Q>m| Ho$ OmopI‘m| H$m {ZYm©aU ^r em{‘b h¡ & CZ OmopI‘m| Ho$ {ZYm©aU H$aZo ‘| boIm narjH$ H§$nZr Ûmam V¡`ma {H$`o J`o g§~§{YV Am§V[aH$ {dÎmr` {Z`§ÌU nÜX{V na VWm C{MV {dÎmr` {ddaUr V¡`ma H$aZo Ho$ {bE n[apñW{V Ho$ AZwgma C{MV boIm nÜX{V H$m {S>OmB©Z V¡`ma H$aZo na ghr VWm Š`m H§$nZr Zo {dÎmr` [anmoQ>© na n`m©á Am§V[aH$ {dÎmr` {Z`§ÌU nÜX{V ñWm{nV H$s h¡ VWm Eogo {Z`§ÌU na à^mdembr àMmbZ H$a ahr h¡ & {dËVr` {dda{U`m| Ho$ N>b-H$nQ> Ho$ H$maU ‘Q>oar`b {‘g ñQ>oA‘|Q> Ho$ OmopI‘ H$m {ZYm©aU em{‘b H$aHo$ boIm narjm Ho$ {ZU©` na Am{lV H$m`©{d{Y H$m M`Z {H$`m J`m h¡ &

h‘| {dœmg h¡ {H$ {dÎmr` {dda{U`m| na Omo gmú` boIm-narjm Ho$ Xm¡amZ àmá hþE h¢ do h‘mar am` ‘| boIm narjm Ho$ AmYma hoVw {dÎmr` [anmo{Qª>J na Am§V[aH$ {dËVr` {Z`§ÌU H$s boIm narjm Ho$ {bE n`m©á Ed§ Cn`wº$ h¢ &

{dËVr` [anmo{Qª>J na Am§V[aH$ {dËVr` {Z`§ÌH$ H$m A{^àm`

gm‘mÝ` ê$n go ñdrH$m`© boIm {gÕm§Vmo Ho$ AZwê$n ~mÜ` bú`m| hoVw B§S>EEg {dËVr` {dda{U`m| H$mo V¡`ma H$aZo VWm {dídgZr` {dËVr` [anmo{Qª>J Ho$ ~mao ‘| C{MV gw{Z{üVVm CnbãY H$admZo ‘| {dËVr` [anmo{Qª>J na H§$nZr Ho$ Am§V[aH$ {dËVr` {Z`§ÌU H$mo {S>OmB©Z {H$`m J`m h¡ & H§$nZr Ho$ {dËVr` [anmo{Qª>J na Am§V[aH$ {dËVr` {Z`§ÌU H$s dmo Zr{V`m± d à{H«$`m em{‘b h¡ Omo 1) H§$nZr Ho$ [aH$m°S©> Ho$ aIaImd H$mo H§$nZr boZXoZ d n[ag§n{Îm`m| Ho$ ì`` H$mo ghr d C{MV ê$n go à{Vq~{~V H$aVm h¡ & 2) gm‘mÝ` ê$ñn go ñdrH$m`© boIm {gÕm§Vmo Ho$ AZwê$n B§S>EEEg {dËVr` {dda{U`m± V¡`ma H$aZo H$s C{MV gw{Z{üVVm àXmZ H$aZo VWm à~§YH$ d H§$nZr Ho$ {ZXoeH$ Ho$ àm{YH$aU Ho$ AZwê$n àm{á d ì`` H$mo V¡`ma H$aZm VWm 3) Aàm{YH¥$V AO©Z H$m Cn`moJ d H§$nZr H$s n[ag§n{Îm`m| Ho$ ì`` H$s amoH$Wm‘ AWdm g‘`mZwgma nVm bJmZo Ho$ ~mao ‘| C{MV gw{Z{üVVm CnbãY H$admZm {Oggo B§S>EEg {dËVr` {dda{U`m| na VmpËdH$ à^md n‹S> gH$Vm h¡ &


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Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financialcontrols over financial reporting, including the possibilityof collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internalfinancialcontrolsoverfinancialreportingtofutureperiods are subject to the risk that the internal financialcontrol over financial reporting may become inadequatebecause of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion, the Company has, generally in all material respects, an adequate internal financial controls systemoverfinancialreportingandsuchinternalfinancialcontrolsoverfinancialreportingwereoperatingeffectivelyasat31March2018,basedon ‘the internalcontroloverfinancialreporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India’.

{dËVr` [anmo{Qª>J na Am§V[aH$ {dËVr` {Z`§ÌH$ H$s A§Va{ZhrV n[agr‘m

Xwa{^g§{Y H$s g§^mdZm AWdm {Z`§ÌU Ho$ AÜ`mamohr AZw{MV à~§YH$, A{Z`‘VmAm| AWdm N>b H$nQ> VWm Ìw{Q>`m| Ho$ H$maU ‘Q>r[a`b {‘gñQ>oQ>‘|Q> H$mo em{‘b H$aHo$ {dËVr` [anmo{Qª>J na Am§V[aH$ {dËVr` {Z`§ÌH$ H$s A§Va{ZhrV n[agr‘m Ho$ H$maU K{Q>V hmo gH$Vm h¡ {OgH$mo nH$‹S>Zm ‘w‘{H$Z Zht h¡ & ^mdr Ad{Y ‘| {dËVr` [anmo{Qª>J na {H$gr ‘yë`m§H$Z Ho$ àH$bZ H$m Am§V[aH$ {dËVr` {Z`§ÌU Ho$ OmopI‘ na hmoJm {Og na n[apñW{V`m| ‘| hþE n[adV©Z Ho$ H$maU An`m©ßV AWdm Zr{V`m| `m à{H«$`m Ho$ AZwnmbZ H$s {S>J«r go {dH¥$V hmoJm &

am`h‘mao am` ‘| Cn`w©º$ {dÎmr` {dda{U`m±, X B§pñQ>Q>çwQ> Am°’$ MmQ>©S> AH$mC§Q> Am°’$ B§{S>`m (Am`grEAm`) Ho$ Ûmam Omar {H$E JE {dËVr` [anmo{Qª>J na Am§V[aH$ {dËVr` {Z`§ÌU Ho$ JmBS>Ýg ZmoQ> ‘| CëbopIV Amdí`H$ ‘Xm| H$mo Ü`mZ ‘| aIVo hþE H§$nZr Ho$ Ûmam ñWm{nV {dËVr` [anmo{Qª>J na Am§V[aH$ {dËVr` {Z`§ÌU Ho$ ‘mnX§S> Ho$ AZwgma ‘hËdnyU© boIm Zr{V`m| Ho$ A{Y{Z`‘ H$s Anojm Ho$ AZwgma Amdí`H$ OmZH$mar XoVo h¡ Am¡a ^maV ‘| gm‘mÝ` ê$n go ñdrH¥$V boIm {gÜXm§Vm| Ho$ AZwgma 31 ‘mM©, 2018 H$mo H§$nZr Ho$ H$m`©H$bmnm| VWm Cgr {XZ df© g‘mßV Ho$ {bE {dËVr` [anmo{Qª>J na Am§V[aH$ {dËVr` {Z`§ÌU H$s ghr Am¡a Cn`wº$ OmZH$mar XoVo h¢ &


hñVm/-

Sd/-gZXr boImnmbChartered AccountantsAma.Ho$.JwßVmCA.R.K. Gupta ^mJrXmaPartnergXñ¶Vm H«$‘m§H$ : 86851M. No.: 086851


H¥$Vo ~doOm E§S> H$m¡b for Baweja & KaulgZXr boImnmbChartered Accountants(’$‘© a{OñQ´>oeZ Z§. 005834EZ)FRN: 005834N



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31 ‘mM©, 2018 H$m VwbZ-nÌ

BALANCE SHEET AS AT MARCH 31, 2018(én¶o bmI ‘|)

(Rupees in Lakh)

{ddaU

Particulars

ZmoQ>g²

Notes

{X. 31 ‘mM© 2018 H$mo

As at 31st March 2018

{X. 31 ‘mM© 2017 H$mo


{X. 31 ‘mM© 2016 H$moAs at 1st

April 2016

(I) n[ag§n{Îm¶m±Assets

1 J¡a Mmby n[ag§n{Îm¶m±Non Current Assets(H$) g§n{Îm, ßbm§Q> VWm CnH$aU(a) Property, Plant and Equipment 3A 1,770.19 1,893.00 1,982.14(I) ny±OrJV H$m¶© àJ{V na/ (b) Capital Work in Progress 3B 1.74 - 1.77(J) {Zdoe g§n{Îm (c) Investment Properties 4 2,790.65 2,851.56 2,912.47(K>) A‘yV© n[ag§n{Îm¶m±/(d) Intangible Assets 5 4.71 10.00 14.48(S>) {dÎmr¶ n[ag§n{Îm¶m± (e) Financial Assets (i) {Zdoe/Investments 6 0.01 0.01 0.01 (ii) ì¶mnma àmß¶/Trade Receivables 7A - - - (iii) F$U/Loans 8 275.28 306.02 311.87 (iv) AÝ¶ {dÎmr¶ n[ag§n{Îm¶m±/ (iv) Other Financial Assets 9 171.32 174.25 172.13(Q>) AmñW{JV H$a n[ag§n{Îm¶m±/(f) Deferred Tax Assets 10 4,097.61 4,918.15 5,271.11(R>) AÝ¶ J¡a-Mmby n[ag§n{Îm¶m°±/(g) Other Non-Current assets 11 217.47 213.62 242.28Hw$b J¡a-Mmby n[ag§n{Îm¶m±/Total Non-Current Assets 9,328.98 10,366.61 10,908.26

2 Mmby n[ag§n{Îm¶m±Current Assets

(H$) ‘mb gy{M¶m±/(a) Inventories 12 1,39,282.72 11,039.17 1,34,642.02(I) {dÎmr¶ n[ag§n{Îm¶m±/(b) Financial Assets (i) {Zdoe/(i) Investments 6 - - -

(ii) ì¶mnma àmß¶/(ii) Trade Receivables 7B 27,267.34 10,347.09 25,671.05

(iii) ZH$X d ZH$X g‘H$j (iii) Cash and Cash Equivalents

13 1,405.00 459.44 650.69

(iv) ~¢H$ eof Cn¶wº$ (iii) H$mo N>mo‹S>H$a (iv) Bank Balances other than (iii) above

13 44.59 41 .90 44.45

(v) F$U/(v) loans 8 95.84 105.25 106.81


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(vi) AÝ¶ {dÎmr¶ n[ag§n{Îm¶m±/ (vi) Other Financial Assets

9 18.68 18.72 23.84

(J) AÝ¶ Mmby n[ag§n{Îm¶m±/(c) Other Current Assets 11 3,22,169.47 2,98,041.23 3,34,827.57(K) {~H«$s hoVw amoJr JB© dJuH¥$V n[ag§n{Îm¶m± (d)AssetsClassifiedasHeldForSale 3C 23.08 - -(S>) Mmby H$a n[ag§n{Îm¶m° (ewÕ) (e) Current Tax Assets (Net) 14 434.50 1,027.87 877.32Hw$b Mmby n[ag§n{Îm¶m±/Total Current Assets 4,90,741.22 3,21,080.67 4,96,843.75Hw$b g§n{Îm¶m±/Total Assets 5,00,070.20 3,31,447.28 5,07,752.01

(II) B{¹$Q>r Ed§ Xo¶VmE±Equity and Liabilities

1 B{¹$Q>r/Equity(H$) B{¹$Q>r eo¶a ny±Or/(a) Equity Share Capital 15 2,500.00 2.500.00 2.500.00(I) AÝ¶ B{¹$Q>r/(b) Other Equity 16 26,111.93 25,527.93 26,459.20Hw$b B{¹$Q>r/Total Equity 28,611.93 28,027.93 28,959.20

2 Xo¶VmE±/Liabilities(1) J¡a-Mmby Xo¶VmE±/(1) Non current liabilities(H$) {dÎmr¶ Xo¶VmE±/(a) Financial Liabilities (i) CYmar/H$O© (i) Borrowings - - - - (ii) ì¶mnmar àmß¶/(ii) Trade Payables - - - (iii) AÝ¶ {dÎmr¶ Xo¶VmE±/ (iii) Other Financial liabilities 20A 770.39 933.18 860.19(I) àmdYmZ/(b) Provisions 17A 6,518.33 12,273.92 11,371.09(J) ApñW{JV H$a Xo¶VmE±/(c) Deferred Tax liabilities(K) AÝ¶ J¡a-Mmby Xo¶VmE±/(d) Other Non Current Liabilities Hw$b J¡a-Mmby Xo¶VmE±/Total Non Current liabilities 7,288.72 13,207.10 12,231.28(2) Mmby Xo¶VmE±/(2) Current Liabilities(H$) {dÎmr¶ Xo¶VmE±/(a) Financtal Liabilities (i) CYmar/H$O© (i) Borrowings 18 4,44,200.00 2,78,500.00 4,28,793.07 (ii) ì¶mnma àmß¶/(ii) Trade Payables 19 6,560.42 757.62 1,594.79 (iii) AÝ¶ {dÎmr¶ Xo¶VmE°§ (iii) Other Financial liabilities 20B 5,314.26 2,552.55 3,822.96(I) àmdYmZ/(b) Provisions 17C 292.94 314.43 1,011.98(J) H$‘©Mmar bm^ ~mÜ¶Vm (c)EmployeeBenefitsObligations 17B 3,124.40 1,708.55 1,588.73(K) gaH$mar AZwXmZ(d) Government Grants(S>) Mmby H$a Xo¶VmE°§ (ewÕ)(e) Current Tax liabilities (Net) 21 545.00 444.40 587 38(N>) AÝ¶ Mmby Xo¶VmE±/(f) Other Current liabilities

22 4,132.53 5,934.70 29,162.62

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Hw$b Mmby Xo¶VmE±/Total Current Liabilities 464,169.55 290,212.25 466,561.53

Hw$b Xo¶VmE±/Total liabilities 471,458.27 303,419.35 478,792.81

Hw$b B{¹$Q>r Ed§ Xo¶VmE±/Total Equity and Liabilities 500,070.20 331,447.28 507,752.01

(III) ‘hËdnyU© boIm Zr{V¶m| H$m gmam§eSummaryofSignificantAccountingPotictes 1-2{dÎmr¶ {dda{U¶m| H$m ^mJ ~ZmZo dmbo AÝ¶ ZmoQ> Other notes forming part of Financial Statements 31-52

H¥$Vo Ed§ {ZXoeH$ ‘§S>b H$s Amoa goFor and on behalf of Board of Directors

(S>m°. nr. A{„ amZr) (Dr. P. Alli Rani)

AÜ¶j Ed§ à~§Y {ZXoeH$Chairman-cum-Managing

DirectorDIN : 02305257

{XZm§H$ : 23/08/2018Date : 23/08/2018hñVmja H$m ñWmZ : ZB© {X„r Place of Signature : New Delhi

(àXrn Hw$‘ma AJ«dmb) (Pradeep Kumar Agarwal)

{ZXoeH$ ({dÎm) Director (Finance)

DIN : 05234132

(E‘.E‘. Mmo¸$qbJ‘) (M.M. Chockalingam)

{ZXoeH$ ({dnUZ)Director (Marketing)

DIN : 00051744

(b{bV Hw$‘ma JwßVm) (Lalit Kumar Gupta)

H§$nZr g{MdCompany Secretary

M.No.: 46871

h‘mar g‘g§»¶H$ VmarI H$s g§b¾ [anmoQ>© Ho$ AZwgmaIn Terms of our Report of Even Date Annexed

H¥$Vo ~§gb Ama. Hw$‘ma EÊS> Egmo{gEQ>For Bansal R. Kumar & Associates gZXr boImnmbChartered Accountants(’$‘© a{OñQ´>oeZ Z§. 008186EZ)Firm Registration No. 008186N

H¥$Vo ~doOm EÊS> H$m¡bFor Baweja & KaulgZXr boImnmbChartered Accountants(’$‘© a{OñQ´>oeZ Z§. 005834EZ)Firm Registration No. 005834N

Ama. Ho$. JwßVm(R.K. Gupta)^mJrXma$PartnergXñ¶Vm H«$. 086851Membership No. : 086851

{XZm§H$ : 15/10/2018Date : 15/10/2018hñVmja H$m ñWmZ : ZB© {X„rPlace of Signature: New Delhi

Xbrn Ho$. H$m¡b(Dalip K. Kaul)^mJrXma$PartnergXñ¶Vm H«$. 083066Membership No. : 083066



78

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C.C.I.

31 ‘mM©, 2018 H$mo g‘mßV df© H$s bm^ Am¡a hm{Z {ddaUr

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31st MARCH, 2018(én¶o bmI ‘|)

(Rupee in Lakh)

{ddaUParticulars

ZmoQ>g²Notes

31 ‘mM©, 2018 H$mo g‘mßV df©

Year ended 31st March 2018

31 ‘mM©, 2017 H$mo g‘mßV df©

Year ended 31st March 2017

n[aMmbZ go amOñdRevenue from Operations 23 139221.98 185345.80

AÝ¶ Am¶Other income 24 1018..44 1111.19

Hw$b Am¶ (I)Total Income (I) 140240.42 186456.99ì¶¶Expenses

(H$) Cn^moJ H$s JB© gm‘J«r H$s bmJV (a) Cost of Material Consumed 25 131339.73 17335.62

(I) ì¶mnma Ho$ {bE ‘mb H$s IarX (b) Purchase of Stock in Trade 96343.02 5952.16

(J) V¡¶ma ‘mb, ì¶mnm[aH$ ñQ>m°H$ VWm à{H«$¶mJV ñQ>m°H$ H$s ‘mb gy{M¶m| ‘| n[adV©Z(c) Changes in Inventories of Finished Goods, W.I.P., Stock In Trade 26 (127365.72) 123211.24

(K) H$‘©Mmar bm^ ì¶¶ (d)EmployeeBenefitExpenses 27 9286.27 7699.47

(M) {dÎm bmJV (e) Finance Cost 28 25250.63 26456.30

(N>) ‘yë¶hmg Am¡a n[aemoYZ ì¶¶ (f) Depreciation and Amortization Expenses 241.51 282.19

(O) AÝ¶ ì¶¶ (g) Other Expenses 29 9603.70 5425.40

Hw$b ì¶¶ (II)/Total Expenses (II) 144699.14 186362.38

AndmXmË‘H$ Am¡a AgmYmaU ‘Xm| go nhbo bm^/(hm{Z) VWm H$a (I-II)Profit/(Loss) before exceptional and extraordinary items and tax (I-II) (4458.72) 94.61

AndmXmË‘H$ ‘X| ì¶¶/(Am¶)Exceetional items Expense/(lncome) 30 (6827.11) (49.12)

H$a go nhbo bm^/(hm{Z)Profit/(Loss) before tax 2368.39 143.73

H$a ì¶¶Tax Expense

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C.C.I.

(H$) dV©‘mZ H$a/(a) Current Tax 545.00 290.00

(I) AmñW{JV H$a/(b) Deferred Tax 889.96 364.55

(J) nyd© Ad{Y go g§~§{YV g‘m¶moOZ(c) Adjustment relating to Prior period 0.00 (55.56)

Hw$b H$a ì¶¶Total Tax Expense (1434.96) 598.99

df© Ho$ {bE bm^/(hm{Z) (H$)Profit/(Loss) for the year (A) 933.43 (455.26)

AÝ¶ ì¶mnH$ Am¶Other Comprehensive Income

do ‘X| {OÝh| bm^ ¶m hm{Z Ho$ {b¶o nwZdJuH¥$V Zht {H$¶m Om¶oJm Itemsthatwillnotbereclassifiedtoprofitorloss:- nm[a^m{fV bm^ ¶moOZmAm| H$m nwZ: ‘yë¶m§H$Z -RemeasurementsoftheDefinedbenefitplans (148.06) (65.14)

- Am¶H$a H$m à^md -lncomeTaxEffect 69.42 11.59

AÝ¶ ì¶mnH$ Am¶ (H$a H$m ewÕ) (I)Other Comprehensive Income (Net of Tax) (B) (78.64) (53.55)Hw$b ì¶mnH$ Am¶ (H$+I)à{Veo¶a AO©Z Total Comprehensive Income (A+ B) Earnings per share:

854.79 (508.81)

‘yb Basic 37.34 (18.21)

VZwH¥$VDiluted 37.34 (18.21)

‘hËdnyU© boIm Zr{V¶m| H$m gmam§e {dÎmr¶ {dda{U¶m± H$m ^mJ ~ZmZo dmbo AÝ¶ ZmoQ> SummaryofSignificantAccountingPoliciesOther notes forming part of Financial Statements

1-231-52


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DIN : 05234132



DIN : 00051744



M.No.: 46871








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31 ‘mM©, 2018 H$mo g‘má df© Ho$ {b¶o B{¹$Q>r ‘| n[adV©Z H$m {ddaU

Statement of changes in equity for the year ended 31st March 2018

H$) B{¹$Q>r eo¶a ny±OrA. Equity Share Capital

{X. 31 ‘mM©, 2018 H$moAs at 31st March 2018

{X. 31 ‘mM©, 2017 H$moAs at 31st March 2017

eo¶am| H$s g§»¶mNo. of Shares

am{e(ê$n¶o bmI ‘|)

Amount(Rs. in Lakh)

eo¶am| H$s g§»¶mNo. of Shares

am{e(ê$n¶o bmI ‘|)

Amount(Rs. in Lakh)

df© Ho$ Ama§^ ‘| eof Balance at the beginning of the year 2,500,000 2,500 2,500,000 2,500

df© Ho$ Xm¡amZ eo¶a ny±Or B{¹$Q>r ‘| n[adV©Z Changes in Equity Share capital during the year - - - -

[anmoQ>© Ad{Y H$s g‘m{á na eof Balance at the end of the reporting period 2,500,000 2.500 2,500,000 2,500

I) 31.03.2018 H$mo AÝ¶ B{¹$Q>rB. Other Equity as on 31.03.2018(I) a{jV d A{Yeof (I) Reserves and surplus

{ddaU Particulars

H$) gm‘mÝ¶ a{jV (a) General

Reserve

I) à{VYm[aV AO©Z

(b) RetainedEarnings

J) AÝ¶ ì¶mnH$ Am¶

(c) OtherComprehensive

Income

Hw$b Total

Ad{Y Ho$ Ama§^ ‘| eofBalance at the begiming of the period 2798.86 22782.62 -53.55 25527.93

boIm Zr{V ‘| n[adV©Z AWdm nyd© Ad{Y go g§~§{YV Ìw{Q>¶m±Changes in accounting policy or prior period errors 0.00 0 0.00 0

[anmo{Q>ªJ Ad{Y Ho$ àma§^ na nwZ:dJuH¥$V eof Restated balance at the beginning of the reporting period 2798.86 22782.62 -53.55 25527.93

df© Ho$ {bE Hw$b ì¶mnH$ Am¶ Total Comprehensive Income for the year 0.00 933.44 -78.64 854.80

{dÎmr¶ df© 2016-17 Ho$ {b¶o Xo¶ bm^m§e VWm bm^m§e {dVaU H$a Dividand and DDT payable for FY 2016-17 0.00 -270.80 0.00 -270.80

[aQ>|S> AO©Z ‘| A§VaU Transfer to retained earnings

Ad{Y H$s g‘m{á na eof Balance at the end of the period 2,798.86 23,445.26 -132.19 26,111.93


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31.03.2017 H$mo AÝ¶ B{¹$Q>rOther Equity as on 31.03.2017

{ddaU Particulars

H$) gm‘mÝ¶ a{jV(a) General

Reserve

I) à{VYm[aV AO©Z

(b) RetainedEarnings


(c) Other Comprehensive

lncome

Hw$bTotal

Ad{Y Ho$ Ama§^ ‘| eofBalance at the beginning of the period 2,798.86 23,660.34 0.00 26,459.20

boIm Zr{V ‘| n[adV©Z AWdm nyd© Ad{Y go g§~§{YV Ìw{Q>¶m± Changes In Accounting policy or prior period errors 0.00 0.00 0.00 0.00

amOñd Zr{V ‘| n[adV©Z Ho$ H$maU Due to Change in revenue policy

[anmo{Qª>J Ad{Y Ho$ àma§^ na nwZ: dJuH¥$V eofRestated balance at the beginning of the reporting period 2,798.86 23,660.34 0.00 26,459.20df© Ho$ {bE Hw$b ì¶mnH$ Am¶Total Comprehensive Income for the year 0.00 -455.26 -53.55 -508.82

{dÎmr¶ df© 2016-17 Ho$ {b¶o àñVm{dV bm^m§e H$m [adg©b VWm Cg na bm^m§e {dVaU H$a Reversal of proposed dividend and DOT thereon(FY 2016-17) 0.00 -422.46 0.00 -422.46

[aQ>|S> AO©Z ‘| A§VaUTransfer to retained earnings 0.00 0.00 0.00 0.00

Ad{Y Ho$ g‘m{á na eof Balance at the end of the period 2,798.86 22,782.62 -53.55 25,527.93

01.04.2016 H$mo AÝ¶ B{¹$Q>rOther Equity as on 01.04.2016

{ddaU Particulars

H$) gm‘mÝ¶ a{jV (a) General

Reserve

I) à{VYm[aV AO©Z

(b) Retained Earnings


(c) OtherComprehensive

Income

Hw$b Total

Ad{Y Ho$ Ama§^ ‘| eof Balance at the beginning of the period 2,798.86 21,519.70 0.00 24,318.56

boIm Zr{V ‘| n[adV©Z AWdm nyd© Ad{Y go g§~§{YV Ìw{Q>¶m± Changes in accounting policy or prior period errors.

B§S> EEg 17 (brO) na n[adV©Z Ho$ H$maU Due to changes as per IND AS 17 (Leases) 0.00 -21.79 0.00 -21.79

nyd© Ad{Y ‘X| Prior period items 0.00 1,383.63 0.00 1,383.63

48 dt dm{f©H$ [anmoQ>© 2017-18

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[anmo{Qª>J Ad{Y Ho$ àma§^ ‘| nwZ: dJuH¥$V eof Restated balance at the beginning of the reporting period 2,798.86 22,881.54 0.00 25,680.40df© Ho$ {bE bm^Profitfortheyear 0.00 778.80 0.00 778.81

df© Ho$ {bE AÝ¶ ì¶mnH$ Am¶ Other Comprehensive Income for the year

n[a^m{fV bm^ ¶moOZmAm| H$m nwZ‘y©ë¶m§H$Z RemeasurernentofDefinedbenefitplans 0.00 0.00 0.00 0.00

Hw$b ì¶mnH$ bm^Total comprehensive income 0.00 0.00 0.00{dÎmr¶ df© 2016-17 Ho$ {b¶o àñVm{dV bm^m§e H$m [adg©b VWm Cg na bm^m§e {dVaU H$a Reversal of proposed dividend and DDT thereon( FY 2016-17) 0.00 0.00 0.00 0.00

arQ>|S> AO©Z ‘| A§VaU Transfer to retained earnings 0.00 0.00 0.00

Ad{Y H$s g‘m{á na eof Balance at the end of the Period 2,798.86 23,660.34 0.00 26,459.20


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DIN : 05234132



DIN : 00051744



M.No.: 46871








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31 ‘mM©, 2018 H$mo g‘mßV df© Ho$ {bE ZH$Xr àdmh {ddaUr

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2018(én¶o bmI ‘|)

(Rupees in Lakh)

31 ‘mM©, 2018 H$mo g‘mßV df©For the year ended 31st March 2018

31 ‘mM©, 2017 H$mo g‘mßV df©

For the year ended 31st March 2017

(H$) n[aMmbZ J{V{d{Y¶m| go ZH$Xr àdmh :

(A) Cash Flow From Operating Activities :

H$a Ho$ nyd© ewÕ bm^ NetprofitBeforeTax 2368.40 143.73

g‘m¶moOZ Ho$ {bEAdjustment for

‘wë¶õmg Am¡a n[aemoYZ ì¶¶ Depreciation & Amoritization Expenses 241.51 282.19

ã¶mO Am¶Interest Income (35.59) (140.78)

{dÎmr¶ bmJVFinance Costs 25,250.63 26,456.30

Am¶ H$a dmngr na ã¶mOInterest on Income tax refund - (17.55)

àmdYmZ {OZH$s A~ Amdí¶H$Vm Zht h¡Provision no longer required (34.52) (42.78)

ñWm¶r n[ag§n{Îm¶m| H$s {~H«$s na (bm^)/hm{Z na hm{Z(Profit)/lossonsaleoffixedasset (0.72) 25,421.30 (2.84) 26,534.55

H$m¶©H$mar ny±Or ‘| n[adV©Z Ho$ nyd© ZH$X n[aMmbZ àdmh Operating cash flows before working capital changes 27,789.71 26,678.28n[ag§n{Îm¶m| d Xo¶VmAm| Ho$ n[aMmbZ ‘| n[adV©ZChanges In operating assests and liabilitiesì¶mnma àmpßV ¶mo½¶ ‘| (d¥{Õ)/KQ>m¡Vr (Increase)/Decrease In Trade Receivables (16,888.71) 15,323.96


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J¡a-Mmby n[ag§n{Îm¶m| ‘| (d¥{Õ)/KQ>m¡Vr(Increase)/Decrease In Non current Assests (3.85) 28.66

‘mbgyMr ‘| (d¥{Õ)/KQ>m¡Vr(Increase)/Decrease in Inventories (1,28,243.56) 1,23,602.85

AÝ¶ Mmby {dÎmr¶ n[ag§n{Îm¶m| ‘| (d¥{Õ)/KQ>m¡Vr (Increase)/Decrease in other currentfinancialAssests 0.04 5.13

AÝ¶ J¡a Mmby {dÎmr¶ n[ag§n{Îm¶m| ‘| (d¥pÜX)/ KQ>m¡Vr(Increase)/Decrease In Other Non-Current Financial Assests 2.93 (2.13)

AÝ¶ Mmby n[ag§n{Îm¶m| ‘| (d¥{Õ)/KQ>m¡Vr(Increase)/Decrease in Other Current Assests (24,128.25) 36,786.35

ì¶mnma ^wJVmZ ¶mo½¶ ‘| (d¥{Õ)/KQ>m¡Vr(Increase)/Decrease In trade Payables 5,802.80 (837.16)

XrKm©d{Y àmdYmZmo ‘| (d¥{Õ)/KQ>m¡Vr(Increase)/Decrease in Long Term Provisions (5,705.30) 871.18

bKw Ad{Y àmdYmZm| ‘| (d¥{Õ)/KQ>m¡Vr(Increase)/Decrease in Short Term Provisions (21.48) (697.55)

AÝ¶ {dÎmr¶ Xo¶Vm - XrKm©d{Y ‘| (d¥pÜX)/ KQ>m¡Vr (Increase)/Decrease In Other Finacial Liablities - Long Term (162.79) 73.00

AÝ¶ {dÎmr¶ Xo¶Vm ‘| (d¥{Õ)/KQ>m¡Vr(Increase)/Decrease in other Financial Liablities 2,761.72 (1,270.43)

H$‘©Mmar bm^ Xm{¶Ëd ‘| (d¥pÜX)/ KQ>m¡Vr(Increase)/Decrease in Employeebenefitsobliqations 1,415.85 119.83

AÝ¶ Mmby Xo¶VmAm| ‘| (d¥{Õ)/KQ>m¡Vr(Increase)/Decrease in other Current Liablities (1,802.18) (1,66,972.77) (23,227.92) 1,50,775.76

n[aMmbZ go {Z{‘©V ZH$X àdmhCash flow Generated from Operations (1,39,183.07) 1,77,454.03

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àXÎm Am¶H$a (YZ dmngr H$m ewÕ)Income Taxes Paid (Net of Refund) (47.88) (497.85)

n[aMmbZ J{V{d{Y¶m± go ewÜX ZH$X àdmh (E)Net cash from operating Activities (A) (1,39,230.94) 1,76,956.19(I) {Zdoe J{V{d{Y¶m| go ZH$X àdmh(B) Cash Flow from

Investing Activities

g§n{Îm Ho$ {Z‘m©U, ßbm§Q> d CnH$aU AWdm IarX Purchase or construction of Property, Plant and equipment (78.86) (132.54)

g§n{Îm, ßbm§Q> d CnH$aU H$s {~H«$sProceeds on sale of Property, plant and equipment 3.74 6.19

AÝ¶ ~¢H$ {S>nm°{OQ> ‘| ewÕ CVma-M‹T>md Net movement in other bank deposits (2.69) 2.54

àmß¶ bm^m§e Interest received 35.59 (42.21) 140.78 16.97

{Zdoe H$s JB© J{V{d{Y¶m| go {Zdb ZH$X àdmh (I)Net cash generated from Investing activites (B) (42.21) 16.97(J) {dÎmr¶ J{V{d{Y¶m| go ZH$X

àdmh(C) Cash Flow from

Financial Activities :Aënmd{YH$ CYma (ewÕ) go àmßV am{e (H$s MwH$m¡Vr)Proceed from (Repayment of) short Term Borrowings (Net) 1,65,700.00 (1,50,293.07)

Mmby {dÎmr¶ n[ag§n{Îm¶m| H$m nwZ: ^wJVmZ - F$URepaymentoffinacialcurrentasset - loans 9.41 1.56

J¡a Mmby {dÎmr¶ n[ag§n{Îm¶m| H$m nwZ: ^wJVmZ - F$URepayment of Non current financialasset-loans 30.74 5.86


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bm^m§e ^wJVmZ (bm^m§e na H$a em{‘b H$aHo$) Dividend Paid (Including tax on Dividend) (270.80) (422.46)

{dÎmr¶ bmJV H$m ^wJVmZFinance cost paid (25,250.63) 1,40,218.72 (26,456.30) (1,77,164.41)

ewÕ ZH$X àdmh/(Cn¶moJ ‘|) {dÎmr¶ J{V{d{Y¶m± (J)Net cash flow/(Used in) Financing Activities (C) 1,40,218.72 (1,77,164.41)(K) ZJX ‘| ewÕ n[adV©Z VWm

ZH$X g‘Vwë¶ (H$+I+J) (D) Net changes in cash

and cash equivalents (A+B+C) 945.56 (191.25)

(S>) df© Ho$ àma§^ na ZH$X d ZJX g‘Vwë¶ (ZmoQ> 13 XoI|)

(E) Cash and cash equivalents at the beginning of the year (refer note 13) 459.44 650.69

(M) df© Ho$ A§V ‘| ZH$X d ZJX g‘Vwë¶ (ZmoQ> 13 XoI|)

(F) Cash and cash equivalents at the end of the year (refer note 13) 1,405.00 459.44

ZmoQ²>g :1. Cnamoº$ ZH$Xr àdmh {ddaU ZH$X àdmh {ddaUr na B§S> EEg 7 ‘| {ZYm©[aV "'AàË¶j nÕ{V'' Ho$ A§VJ©V V¡¶ma H$s JB© h¡ & 2. ZH$X àdmh {ddaUr Ho$ AZwgma ZH$X g‘mYmZ d ZH$X g‘Vwë¶ &

Note:1. Theabovecashflowstatementhasbeenpreparedunderthe“Indirectmethod”assetoutinAS-7onStatementofcashFlow.2. Reconciliationofcashandcashequivalentsaspercashflowstatement:

Cn¶w©º$ Ho$ AZwgma {ZåZ{bpIV amoH$‹S> g‘m{hV H$aVo hþE ZH$X d ZH$X g‘Vwë¶Cash and cash equivalents as per above comprise of the following

hmW ‘| ZH$X Cash on hand - -

hmW ‘| MoH$, S´>mâQ>g, ñQ>¡ångCheques,Drafts,Stamp on hand - -

~¢H$ Ho$ gmW eofBalances with banks

Mmby ImVo na On curent accounts 1,124.61 171.90

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H¡$e H«o${S>Q> na On cash credit 280.39 287.54

df© H$s g‘m{á na ZH$X d ZH$X g‘Vwë¶Cash and cash equivalents at the end of the year 1,405.00 459.44








DIN : 05234132



DIN : 00051744



M.No.: 46871





{XZm§H$ : 15/10/2018Date : 15/10/2018hñVmja H$m ñWmZ : ZB© {X„rPlace of Signature : New Delhi


{XZm§H$ : 15/10/2018Date : 15/10/2018hñVmja H$m ñWmZ : ZB© {X„rPlace of Signature : New Delhi


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Notes to the accountsSIGNIFICANT ACCOUNTING POLICIES AND OTHER EXPLANATORY INFORMATION TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2018

GENERAL INFORMATION AND STATEMENT OF COMPLIANCE WITH IND AS

Reporting Entity

The Cotton Corporation of India Ltd. (the “Company”) is a company limited by shares, incorporated on 31st July 1970 and domiciled in India (CIN: U51490MH1970GOI14733). The Company is a Government of India Undertaking under administrative control of Ministry of Textiles and engaged in the trading activity of cotton. As per mandate given by the Govt. of India, the Corporation is a Central Nodal Agency to undertake Minimum Support Price (MSP) operations as and when the prices of raw cotton touch the support price announced by the Govt. of India. In the event of kapas prices ruling above MSP level, Corporation also undertakes commercial operations.

The registered office of theCompany is situated at‘Kapas Bhawan’. Plot 3A, Sector 10,CBD Belapur, Navi Mumbai-400614. The company has 19 procurement branches, sales offices and warehousing complexlocating in all major cotton growing states.

First time adoption of Indian Accounting Standards (lnd-AS)

All companies (listed or unlisted) having net worth of Rs.250 crore or more are required to adopt Ind AS. Accordingly, the company has adopted Ind-AS, in accordancewithNotificationdatedFebruary16,2015issuedbyMinistryofCorporateAffairs,GovernmentofIndia,witheffectfromApril01,2017withatransitiondate on April 01, 2016. The details of transition from previous GAAP to Ind-AS is given at Note forming part of Financial Statement.

Note 1 : Summary of Significant Accounting Policies

ThisNoteprovidesalistofthesignificantAccountingPolicies adopted by the Company in the preparation of these Financial Statements. These policies have been consistently applied to all the years presented, unless otherwise stated.

1.1 Basis of Preparation

a) These Financial statements have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard (‘Ind AS’), prescribed under

boIm| Ho$ ZmoQ²g

31 ‘mM© 2018 H$mo g‘mßV df© Ho$ {bE ‘hËdnyU© boIm Zr{V`m± d {dËVr` {dda{U`m| na AÝ` ì`m»`mË‘H$ OmZH$mar

gm‘mÝ` OmZH$mar d B§S> EEg go AZwnmbZ H$s {ddaUr

[anmo{Qª>J EZ{Q>{Q>

^maVr` H$nmg {ZJ‘ {b. H$s (""H§$nZr'') eo`g© Ûmam `h H§$nZr dñÌ ‘§Ìmb` Ho$ àemg{ZH$ {Z`§ÌU Ho$ AYrZ bmoH$ CÚ‘ H$m`m©b` h¡ VWm {b{‘Q>oS> H§$nZr (CIN: U51490MH1970GOI14733) Ho$ ê$n ‘| 31 OwbmB© 1970 H$mo ñWmnZm H$s JB© Omo ^maV ‘| A{Ydmgr h¡ & H$nmg H$s ì`mnm[aH$ J{V{d{Y`m| ‘| bJr h¡, ^maV gaH$ma Ûmam {XE JE AmXoe Ho$ AZwgma O~ H$^r H$nmg ‘yë` ^maV gaH$ma Ûmam Kmo{fV Ý`yZV‘ g‘W©Z ‘yë` H$mo Ny>Zo bJo Vmo {ZJ‘ goÝQ´b ZmoS>b EO|gr Ho$ ê$n ‘| H$m`© H$aZo Ho$ {bE Ý`yZV‘ g‘W©Z ‘yë` na n[aMmbZ H$aVm h¡ & {ZJ‘ Ý`yZV‘ g‘W©Z ‘yë` Ho$ ñVa go A{YH$ H$nmg ‘yë` nhþ±MZo H$s pñW{V ‘| dm{UÁ` n[aMmbZ ^r H$aVm h¡ &

{ZJ‘ H$m n§OrH¥$V H$m`m©b` "H$nmg ^dZ' ßbm°Q> 3 E goŠQ>a 10, gr~rS>r ~obmnwa Zdr ‘w§~B© 400 614 na pñWV h¡ & H§$nZr Ho$ ‘w»` ‘w»` g^r H$nmg CËnmXH$ amÁ`m| ‘| 19 IarXr emImE°§, {~H«$s H$m`m©b` d doAa hmD$qgJ H$m°ånboŠg h¡ &

nhbr ~ma ^maVr` boIm ‘mZH$ (B§S> EEg) AnZmZm

250 H$amo‹S> ê$. `m Cggo A{YH$ H$s ZoQ> dW© dmbr g^r H§$nZrO H$mo (gyMr~Õ AWdm AgyMr~Õ) H$mo B§S>-EEg AnZmZo H$s Amdí`H$Vm h¡ & VÖþgma {ZJ{‘V H$m`©H$bmn ‘§Ìmb` ^maV gaH$ma Ûmam Omar A{YgyMZm {XZm§H$ 16 ’$adar, 2015 Ho$ AZwgma H§$nZr Zo B§S> EEg H$mo AnZm`m h¡ Omo Q´m§OreZ VmarI 1 Aà¡b 2016 g{hV 1 Aà¡b, 2017 go bmJy h¡ & {nN>bo J¡n B§S>EEg ‘| Q´>m§OreZ Ho$ {dËVr` {ddaUr H$m ^mJ ~ZmZo dmbo ZmoQ> ‘| {XE JE h¢ &

ZmoQ> 1 : ‘w»` boIm Zr{V`m| H$m gma

`h ZmoQ> BZ {dËVr` {dda{U`m| H$mo V¡`ma H$aZo ‘| H§$nZr Ûmam AnZm`r JB© ‘w»` boIm Zr{V`m| H$mo CnbãY H$admZm h¡ & `h Zr{V`m± àñVwV g^r dfm] VH$ bJmVma bmJy H$s JB© h¡, O~ VH$ {H$ AÝ`Wm H$hm Z J`m hmo &

1.1 V¡`ma H$aZo H$m AmYma

H$) BZ {dËVr` {dda{U`m| H$mo ^maVr` boIm ‘mZH$ (B§S> EEg) Ho$ {ZYm©[aV ‘mÝ`Vm VWm ‘mn {gÕm§Vm| Ho$ AZwgma V¡`ma {H$`m J`m h¡ & Omo H§$nZrO A{Y{Z`‘ 2013 H$s Ymam 133 Ho$ A§VJ©V {ZYm©[aV h¢ & Omo BgHo$ A§VJ©V Omar {Z`‘mdbr AWdm gZXr

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Section 133 of the Companies Act, 2013 read with relevant rules issued there under; or by the Institute of Chartered Accountants of India, as applicable and other accounting principles generally accepted in India.

The Financial Statements up to the year ended March 31, 2017 were prepared in accordance with Indian Generally Accepted Accounting Principles (IGAAP) in India and complied with the applicable accounting standards prescribed in the Companies (Accounting Standard) Rules, 2014 issued by the Central Government and as per relevant provisions of the Companies Act, 2013 read together with paragraph 7 of the Companies (Accounts) Rules, 2014.

All assets and liabilities have been classified ascurrent or non-current as per the Company’s normal operating cycle and other criteria set out in Schedule III to the Companies Act, 2013. Based on the nature of products and the time between the acquisition of products for processing and their realization in cash and cash equivalents, the company has ascertained its operating cycle as 12 months for the purpose of current/non-current classification of assets andliabilities.

b) Historical Cost Convention:

The Financial Statements have been prepared on a historical cost basis except for the following :

a) Certain Financial assets and liabilities that are measured at fair value.

b) DefinedBenefitPlans:Planassetsmeasuredat Fair Value

c) Recent accounting pronouncements :

Standardsissuedbutnotyeteffective:

The Ministry of Corporate Affairs (MCA), through itsnotification dated 16 February 2015, issued 39 IndianAccounting Standards (Ind AS), which are converged with the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB). On 22 July 2015, IASB deferred the applicability of IFRS 15, Revenue from Contracts with Customers by one year to 2018. Consequently, the regulators in India such as MCA and the Institute of Chartered Accountants of India (ICAI) deferred Ind AS 115, Revenue from Contracts with Customers, which is basedon IFRS15andnotified twostandards- IndAS11, Construction Contracts and Ind AS 18, Revenue that were applicable to entities transitioning to Ind AS from 1 April 2016 onwards.

To keep Ind AS updated with revisions made to IFRS, in

boImnmb Ho$ B§pñQ>Q>çyQ> Ûmam Omar g§~§{YV {Z`‘mdbr go n‹T>m Om`o O¡gm bmJy hmo d AÝ` boIm {gÕm§V Omo gm‘mÝ`V: ^maV ‘| ñdrH$m`© hmo &

31 ‘mM© 2017 H$mo g‘mßV df© VH$ {dËVr` {ddaU ^maV ‘| B§{S>`Z OZabr EŠgoßQ>oS> AH$mC§qQ>J qàgrnëg (AmB©OrEEnr) Ho$ AZwgma V¡`ma {H$E JE h¢ VWm BZ {ddaUm| H$mo Ho$ÝÐr` gaH$ma Ûmam Omar H§$nZrO (boIm ‘mZH$) {Z`‘mdbr 2014 ‘| bmJy {ZYm©[aV boIm ‘mZH$m| Ho$ AZwnmbZ d H§$nZrO A{Y{Z`‘ 2013 Ho$ g§~§{YV àmdYmZm| Ho$ AZwgma VWm H§$nZrO (boIm) {Z`‘mdbr 2014 Ho$ n¡am 7 Ho$ gmW n‹T>m Om`o &

H§$nZrO A{Y{Z`‘ 2013 H$s AZwgyMr III ‘| {ZYm©[aV AÝ` ‘mZX§S> d H§$nZrO gm‘mÝ` n[aMmbZ gmB©H$b Ho$ AZwgma g^r n[ag§n{Îm`m± d Xo`VmAm| H$m Mmby d J¡a Mmby Ho$ ê$n ‘| {díbofU {H$`m J`m h¡& CËnmXZ H$s àd¥{Îm VWm CËnmXZ Ho$ A{YJ«hU d g§gmYZ d ZH$X dgybr VWm ZH$X g‘Vwë` H|$ ~rM Ho$ g‘` Ho$ AmYma na H§$nZr Zo n[ag§n{Îm`m| d Xo`VmAm| Ho$ Mmby/J¡aMmby {díbofU Ho$ CÔoí` go 12 ‘hrZm| Ho$ n[aMmbZ gmB©H$b H$m Xmdm {H$`m h¡ &

I) E{Vhm{gH$ bmJV g‘Pm¡Vm

{ZåZ{bpIV H$mo N>mo‹S>H$a {dËVr` {ddaU E{Vhm{gH$ bmJV na V¡`ma {H$E JE h¡ :

H$) Hw$b {dËVr` n[ag§n{Îm`m± d Xo`VmE°§ {OZH$m C{MV ‘yë` na AmH$bZ {H$`m J`m h¡ &

I) n[a^m{fV bm^ `moOZm : `moOZm n[ag§n{Îm`m| H$m C{MV ‘yë` AmH$bZ {H$`m J`m h¡ &

J) hmb hr ‘| boIm§H$Z KmofUmE°§ :

‘mZH$ Omar naÝVw A^r VH$ à^mdr Zht:

H$m°anmoaoQ> ‘m‘bm| Ho$ ‘§Ìmb` (E‘grE) Ûmam Omar A{YgyMZm {XZm§H$ 16 ’$adar 2015 Ho$ ‘mÜ`‘ go 39 ^maVr` boIm ‘mZH$ (B§S> EEg) Omar {H$`m J`m h¡ Omo A§VaamîQ´r` boIm ‘mZH$ ~moS©> (AmB©EEg~r) Ûmam Omar A§VaamîQ´r` {dËVr` [anmo{Qª>J ‘mZH$ go A{^gaU h¢ & 22 OwbmB© 2015 H$mo AmB©EEg~r Zo AmB©E’$AmaEg 15 H$mo J«mhH$m| Ûmam g§{dXmAm| go amOñd H$mo EH$ df© Ho$ {bE `m{Z 2018 VH$ ñW{JV aIm & ’$bñdê$n ^maV Ho$ E‘grE d (AmB©grEAmB©) ^maV Ho$ gZXr boImnmb B§ñQ>rQ>çyQ> O¡go {Z`§ÌH$ Zo B§S>EEg 115 H$mo ñW{JV aIm, J«mhH$m| Ûmam g§{dXm go amOñd, Omo AmB©E’$AmaEg 15 na AmYm[aV h¡ VWm B§S>EEg II, H§$ñQ´ŠeZ H$m§Q´¡Šg VWm B§S>EEg 18 Xmo ‘mZH$m| na A{Ygy{MV h¡ & {XZm§H$ 1 Aà¡b, 2016 go BH$mB`m| H$mo bmJy amOñd H$mo B§S>EEg ‘| A§VaU H$s JB© h¢ &

B§S>EEg H$mo AmB©E’$AmaEg ‘| {H$E JE g§emoYZ go AÚVZ aIZo


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order to maintain convergence, similar amendments were required in the Indian context. Accordingly, on 26 April 2017, the ICAI issued an Exposure Draft on Clarifications to Ind AS 115 (Exposure Draft). ThisExposure Draft also proposes that Ind AS 115 would be applicable for accounting periods beginning on or after 1 April 2018.

1.2 Functional and Presentation currencyItems included in the Financial Statements of the Company are measured using the currency of the primary economic environment in which the Company operates (‘functional currency’). The Financial Statements of the Company are presented in INR which the Company’s functional currency. All amounts have been rounded to the nearest lakh, unless otherwise stated.

1.3 Use of judgments and estimatesInpreparingthesefinancialstatements,managementhas made judgments, estimates and assumptions that affect the application of the company’s accountingpolicies and the reported amounts of assets , liabilities, income and expenses. Management believes that theestimatesusedinthepreparationofthefinancialstatements are prudent and reasonable. Actual results may differ from these estimates. Estimatesand underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively

a) Judgements

Information about the judgements made in applying accounting policies that have the most significanteffects on the amounts recognised in the financialstatements have been given below:

- Leases: Whether an arrangement contains a lease.- Classification of Leases: Classification of leasesunder finance lease or operating lease requiresjudgement with regard to the estimated economic life and estimated cost of the asset. The Company has analysed such lease contracts on case to case basis to classify the arrangement as operating or finance lease, based on an evaluation of the termsand conditions of the arrangements, such as the lease term not constituting a major part of the economic life of the commercial property and the fair value of the asset.

b) Assumptions and estimation uncertainties

Information about assumptions and estimation uncertaintiesthathaveasignificantriskofresultingina material adjustment is included below:

Ho$ {bE, A{^gaU H$m aIaImd H$aZo Ho$ {bE, ^maV Ho$ g§X^© ‘| d¡go hr g§emoYZm| H$s Amdí`H$Vm h¡ & VÖþgma 26 Aà¡b, 2017 H$mo AmB©grEAmB©Zo B§S>EEg 115 ‘| ñnîQ>rH$aU na EŠgnmoOa S´mâQ> Omar {H$`m & Bg EŠgnmoOa S´mâQ> ‘| `h ^r àñVmd {H$`m {H$ `h B§S>EEg 115, 1 Aà¡b 2018 Ho$ àma§^ go AWdm CgHo$ níMmV boIm Ad{Y Ho$ {bE bmJy {H$`m OmòJm &

1.2 H$m`m©Ë‘H$ d àñVw{V H$a§gr

H§$nZr Ho$ {dËVr` {ddaU ‘| em{‘b ‘Xm| H$mo àmW{‘H$ Am{W©H$ dmVmdaU H$s ‘wÐm Ho$ Cn`moJ Ûmam AmH$bZ {H$`m J`m h¡ {Og‘| H§$nZr n[aMmbZ H$aVr h¡ & H§$nZr Ho$ ò {dËVr` {ddaU ^maVr` ‘mZH$ ê$. ê$n ‘| àñVwV {H$E OmVo h¢ Omo H§$nZr H$s H$m`m©Ë‘H$ ‘wÐm h¡ & g^r am{e`m| H$mo ZOXrH$s bmI ê$. ‘| amC§S> Am°’$ {H$`m J`m h¡ & O~ VH$ AÝ`Wm Z H$hm J`m hmo &

1.3 {ZU©` Am¡a AZw‘mZ H$m Cn`moJ

{dËVr` {dda{U`m| H$mo V¡`ma H$aZo ‘| à~§YZ Zo AZw‘mZ Am¡a YmaUmAm| Ho$ {ZU©` {bE h¢ & Omo H§$nZr H$mo bmJy boIm Zr{V`m|, VWm n[ag§n{Îm`m| na [anmoQ>© H$s JB© am{e, XoZXmam|, Am` Am¡a ì`` H$s am{e H$mo à^m{dV H$aVm h¡ à~§YZ {dídmg H$aVm h¡ {H$ {dËVr` {ddaU H$mo V¡`ma H$aZo ‘| bJmE JE AZw‘mZ {ddoH$s Am¡a C{MV h¡ & dmñV{dH$ n[aUm‘ BZ AZw‘mZm| go AbJ hmo gH$Vo h¢& AZw‘mZ d {Z{hV nyU©YmaUmAm| H$s {Za§Va AmYma na g‘rjm H$s OmVr h¡ & AZw‘mZm| Ho$ g§emoYZ g§^m{dV ê$n go nhMmZo OmVo h¢ &

H$) {ZU©` boIm Zr{V`m| H$mo bmJy H$aZo ‘| {ZU©`m| go g§~§{YV ~ZmB© JB© gyMZm {OZH$m {dËVr` {ddaU ‘| ‘mÝ`Vm àmßV am{e na A{V ‘hËdnyU© à^md n‹S>m do {ZåZmgZwgma h¡ :

- nÅ>m : Š`m ì`dñWm ‘| nÅ>m em{‘b h¡ &

- nÅ>o H$m dJuH$aU : AZw‘m{ZV Am{W©H$ Am`w d n[ag§n{Îm`m| H$s AZw‘m{ZV bmJV Ho$ ~mao ‘| {dËVr` nÅ>m AWdm n[aMmbZ nÅ>o Ho$ A§VJ©V nÅ>o Ho$ dJuH$aU Ho$ {ZU©` H$s Amdí`H$Vm h¡ & H§$nZr Zo {dËVr` nÅ>o AWdm n[aMmbZ Ho$ ê$n ‘| ì`dñWm Ho$ dJuH$aU ‘| àËòH$ ‘m‘bo Ho$ AmYma na Eogo nÅ>mo Ho$ g§{dXm H$m {díbofU {H$`m h¡ Omo ì`dñWm Ho$ {Z`‘ d eVm] Ho$ ‘yë`m§H$Z na AmYm[aV h¡ O¡go brO Q>‘© dm{UÁ` g§n{Îm H$s Am{W©H$ Am`w VWm n[ag§n{Îm`m| Ho$ C{MV ‘yë` H$m ‘w»` ^mJ Zht ~ZmVm h¡ &

I) ‘mÝ`VmAm| Am¡a A{Z{üVVmAm| H$m AmH$bZ

‘mÝ`VmAm| d A{Z{üVVmAm| Ho$ AmH$bZ H$s OmZH$mar Ho$ ~mao ‘| ‘Q>r[a`b g‘m`moOZ Ho$ n[aUm‘ñdê$n ‘hËdnyU© OmopI‘ ‘| {ZåZ{bpIV em{‘b h¡ :

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- Measurement of defined benefit obligations: Keyactuarial assumptions ;

- Recognition of deferred tax assets: availability of futuretaxableprofitagainstwhichcarryforwardtaxlosses can be used;

- Impairment test: Key assumption underlying recoverable amounts, including the recoverability of development cost;

- Useful life of property, plant and equipment and intangible assets

- Recognition and measurement of provision and contingencies: Key assumption about the likelihood andmagnitudeofanoutflowofresources.

1.4 Inventories :

Cost comprises all costs of purchase, costs of conversion and other costs incurred in bringing the inventory to the present location and condition.

(a) Purchasedfinishedgoodsarevaluedatcostornetrealizable value whichever is lower

(b) FP Bales/Lint are valued at -

(i) Average cost or market/net realizable value whichever is lower in respect of commercial purchases not contracted for sale and contracted but not selected by the buyers.

(ii) Average cost in respect of bales not contracted for sale under Support Price Operations as the loss suffered under such operations, if any, isreimbursable by Government of India.

(iii) Average cost or contracted rates as reduced by contracted freight and cartage etc. whichever is lower in case of quantities meant for export (Wherever contracted for).

(iv) Cost of export stocks is arrived at after including direct expenses incurred up to the point at which the stocks are lying. Similarly the realizable value is derived by deducting from the market price the expenses to be incurred from that point to the stage where they are sold. Exports are valued at cost or NRV whichever is lower.

(c) Stocks of seeds contracted for sale are valued at contracted rates and other stocks of seeds are valued at the market/net realizable value at the close of the year since the cost of seeds cannot be ascertained separately.

- nm[a^m{fV bm^ Xm{`Ëd H$m AmH$bZ : ‘w»` ~r‘m§{H$H$ ‘mÝ`VmE°§

- ñW{JV H$a n[ag§n{Îm H$s ‘mÝ`Vm : ^mdr H$a `mo½` bm^ H$s CnbãYVm {OgHo$ {dê$Õ ’$m°adS©> H$a hm{Z H$m Cn`moJ {H$`m Om gH$Vm h¡ &

- hm{Z narjU : dgybr `mo½` {dH$mgmË‘H$ bmJV H$mo em{‘b H$aHo$ AmYma^yV dgybr `mo½` am{e H$s ‘w»` ‘mÝ`VmE°

- g§n{Îm H$s Cn`moJr Am`w, ßbm§Q> d CnH$aU VWm ‘yV© n[ag§n{Îm`m±

- àmdYmZ d AmH$pñ‘H$ ì`` Ho$ AmH$bZ d ‘mÝ`VmE°§ A{V àdmh g§gmYZm| H$s g§^mdZm VWm n[aUm‘ Ho$ ~mao ‘| ‘hËdnyU© YmaUm

1.4 ‘mbgyMr :

‘mbgyMr H$mo àoOoÝQ> bmoHo$eZ VWm H§$S>reZ ‘| bmZo Ho$ {bE bmJV ‘| IarXr H$s g^r bmJV|, ê$nm§VaU na bmJV VWm AÝ` bmJVm| g^r na {H$`m J`m ì`` em{‘b h¡ &

H$) IarXo JE V¡`ma ‘mb na ‘yë` bmJV na AWdm ewÕ àmß` `mo½` ‘yë` Omo ^r H$‘ hmo, bJm`m OmVm h¡ &

I) nyU©~§{YV Jm±R>m|/ ê$B© H$m ‘yë` -

(i) {~H«$s Ho$ {bE g§{dXmJV Z H$s hþB© VWm g§{dXmJV naÝVw IarXXma Ûmam M`Z Z hþB© Jm±R>m| Ho$ dm{UpÁ`H$ IarX Ho$ ~mao ‘| Am¡gV bmJV AWdm ~mOma ewÕ dgybr mo½` ‘yë` Omo r H$‘ hmo &

(ii) Ý`yZV‘ g‘W©Z ‘yë` n[aMmbZ Ho$ A§VJ©V {~H«$s Ho$ {bE g§{dXmJV Z H$s hþB© Jm±R>m| Ho$ ~mao ‘| Am¡gV bmJV na, `{X Bg n[aMmbZ Ho$ A§VJ©V H$moB© hm{Z hmoVr hmo, Vmo dh ^maV gaH$ma go à{Vny{V© `mo½` h¡ &

iii) {Z`m©V Ho$ {bE ‘mÌm Ho$ ~mao ‘| (Ohm± H$ht g§{dXm H$s JB© hmo) g§{dXmJV Am¡a Tw>bmB© Am{X Ûmam KQ>m`r JB© Am¡gV bmJV `m g§{dXmJV ‘yë`, Omo ^r H$‘ hmo &

iv) àË`j IM© Omo ñQ>m°H$ aIr JB© OJh VH$ {H$E JE h¡, H$mo em{‘b H$aHo$ {Z`m©V ñQ>m°H$ {ZH$mbm J`m h¡ & d¡go hr ~mOma ‘yë` IMm] H$mo KQ>mH$a dgybr `mo½` ‘yë` {ZH$mbm OmVm h¡& BZ IMm] ‘| do IM© ^r em{‘b h¡ Omo Cg ñWmZ go {~H«$s ñWmZ VH$ {H$E JE h¢ &

J) {~Zm¡bm {~H«$s Ho$ {bE g§{dXmJV ñQ>m°H$ H$m ‘yë` AZw~§{YV Xam| na bJm`m OmVm h¡ VWm {~Zm¡bm H$m AÝ` ñQ>m°H$ df© H$s g‘m{á na ewÕ àmß` ‘yë` / ‘mH}$Q> ‘yë` na bJm`m OmVm h¡ Š`m|{H$ {~Zm¡bm H$s bmJV H$m ‘yë` AbJ go Zht bJm`m Om gH$Vm h¡ &


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(d) Raw Material i.e. Kapas is valued at average cost calculated quality wise, centre wise and cotton year wise. However, when there has been a decline in the price of Raw Material i.e. Kapas and it isestimatedthatthecostofthefinishedgoodsi.e. FP Bales will exceed net realizable value of raw material, the value of Kapas is written down to net realizable value.

(e) Raw Material i.e. Kapas purchased under the Support Price Operations is valued at average cost calculated quality wise and cotton year wise, since the losssufferedundersuchoperations, ifany, is reimbursable by Government of India.

(f) Yellow picking and sample bales are valued at realizable value.

(g) Stock of un-issued hessian/grey cloth, bardanas, gunny bags, iron hoops and pesticides are valued at average cost price.

(h) Tarpaulins are beingwritten off over a period ofthree years.

1.5 Cash Flow StatementsCash Flow Statement, as per Ind AS-7, is prepared using the indirect method, whereby profit for theperiod is adjusted for the effects of transactions of anon-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and items of income or expenses associated with investing or financing cash flows. The cash flows from operating,investing and financing activities of the company aresegregated.

1.6 Prior Period ItemsMaterial prior period items which arise in the current period as a result of error or omission in the preparation of prior period’s financial statement are correctedretrospectively in the first set of financial statementsapproved for issue after their discovery by:

a) Restating the comparative amounts for the prior perlod(s) presented in which the error occurred; or

b) If the error occurred before the earliest prior period presented, restating the opening balances of assets, liabilities and equity for the earliest prior period presented .

c) Any items exceeding 0.25% of total revenue shall be considered as material prior period item.

d) Retrospective restatement shall be done except

K) H$ÀMm ‘mb `m{Z H$nmg H$m ‘yë`m§H$Z JwUdËVm dma, Ho$ÝÐ dma VWm H$nmg df© dma bJm`m OmVm h¡ & VWm{n O~ H$ÀMm ‘mb `m{Z H$nmg Ho$ ‘yë` ‘| {JamdQ> AmVr h¢ VWm `h AZw‘mZ bJm`m OmVm h¡ {H$ V¡`ma dñVwAm| `m{Z H$s bmJV (`m{Z nyU© ~§{YV Jm±R>m|) ewÕ àmß` ‘yë` go A{YH$ hmoJr Vmo H$nmg H$m ‘yë` ewÕ àmß` ‘yë` go H$‘ bJm`m OmVm h¡ &

S>) H$ÀMm ‘mb `m{Z Ý`yZV‘ g‘W©Z ‘yë` Ho$ A§VJ©V IarXr JB© H$nmg Ho$ ‘yë` H$s JUZm Am¡gV bmJV na JwUdËVm dma VWm H$nmg df© dma bJm`r OmVr h¡ & Š`m|{H$ Bg n[aMmbZ Ho$ A§VJ©V hþB© hm{Z `{X hmo, Vmo BgH$s à{Vny{V© ^maV gaH$ma Ûmam H$s OmVr h¡ &

M) `obmo {nqH$J VWm Z‘yZm Jm±R>m| H$m ‘yë`m§H$Z CJmho OmZo dmbo ‘yë` na bJm`m OmVm h¡ &

N>) AZwn`moJr ho{O`Z/J«o Šbm°W, ~maXmZ, JZr ~¡½g, Am`aZ hÿßg VWm noñQ>rgmB©S²g Ho$ ñQ>m°H$ H$mo Am¡gV bmJV ‘yë` na ‘yë`m§H$Z {H$`m OmVm h¡ &

O) VrZ dfm] H$s Ad{Y na Vmanmo{bÝg H$mo ~Å>o ImVo ‘| S>mb {X`m J`m h¡ &

1.5 ZH$X àdmh {dda{U`m±

B§S> EEg-7 Ho$ AZwgma ZH$X àdmh {ddaU Ho$ {bE AàË`j nÕ{V H$m à`moJ H$aVo hþE V¡`ma {H$E OmVo h¡ Ohm± J¡a ZH$X àH¥${V Ho$ boZ XoZ Ho$ à^mdm| Ho$ {bE bm^ H$s Ad{Y H$m g‘m`moOZ {H$`m OmVm h¡& H§$nZr Ho$ Am°naoqQ>J, BZdopñQ>§J VWm {dËVr` J{V{d{Y`m| go ZH$X àdmh AbJ {H$E OmVo h¢ &

1.6 nydm©d{Y ‘X|

nydm©d{Y {dËVr` {dda{U`m| H$mo V¡`ma H$aZo ‘| nm`r JB© MyH$m| AWdm Ìw{Q>`m| Ho$ n[aUm‘ñdê$n Mmby Ad{Y ‘| àH$Q> H$s JB© nydm©d{Y ‘Xm| H$s gm‘J«r ‘| MyH$ ImoOZo Ho$ níMmV {dËVr` {ddaU Ho$ nhbo goQ> ‘| gwYma {H$`m OmVm h¡ &

H$) nydm©d{Y ‘| àñVwV VwbZmË‘H$ am{e nwZ: ~VmZo go Ohm± Ìw{Q> nm`r JB© h¡ AWdm

I) `{X nyd© Ad{Y go nhbo Ìw{Q> hþB© h¡ Vmo n[ag§n{Îm`m| Ho$ Ama§{^H$ eof, Xo`VmE°§ d àñVwV H$s JB© nhbo H$s nydm©d{Y Ho$ {bE B{¹$Q>r H$mo nwZ: ñWm{nV {H$`m OmE &

J) Hw$b amOñd Ho$ 0.25% go A{YH$ {H$gr ‘X H$mo ‘Q>r[a`b nyd©d{Y dñVw ‘mZm OmEJm &

K) nyd©dVu `{X Ìw{Q> Ho$ g§{MV à^md AWdm {d{eîQ> Ad{Y Ho$

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to the extent that it is impracticable to determine eithertheperiodspecificeffectsorthecumulativeeffect of the error. When it is impracticable todetermine the period specific effects of an erroron comparative information for one or more prior periods presented, the company shall restate the opening balances of assets, liabilities and equity for the earliest period for which retrospective restatement is practicable (which may be the current period).

1.7 Income TaxesIncome tax expense represents the sum of the tax currently payable and deferred tax.

Current TaxThe tax currently payable is based on taxable profitfor the year. Taxable profit differs from ‘profit beforetax’ as reported in the statement of profit or loss andothercomprehensiveincome/statementofprofitorlossbecause of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company’s current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred taxDeferred tax is recognized on temporary differencesbetween the carrying amounts of assets and liabilities in the financial statements and the correspondingtax bases used in the computation of taxable profit.Deferred tax liabilities are generally recognized for all taxable temporary differences. Deferred tax assetsare generally recognized for all deductible temporary differencestotheextentthatitisprobablethattaxableprofitswillbeavailableagainstwhichthosedeductibletemporary differences can be utilized. The carryingamount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is nolongerprobablethatsufficienttaxableprofitswillbeavailable to allow all or part of the asset to be recovered. Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realized, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Minimum Alternate Tax (MAT)

Minimum alternative tax (MAT) paid in accordance with tax laws,whichgivesrisetofutureeconomicbenefitinformofadjustment of future income tax liability, is considered as an asset if there is convincing evidence that the Company shall pay normal tax in future. Accordingly, it is recognized as an asset in the balance sheet when it is probable that futureeconomicbenefitassociatedwithitshallflowtothecompany and the asset can be measured reliably.

{bE à^md ì`dhm`© Zht hmoVo h¡ Vmo Bg pñW{V Ho$ {bE nwZ: {ddaUr V¡`ma H$s OmòJr & O~ EH$ AWdm A{YH$ nyd©d{Y àñVwV Ho$ {bE VwbZmË‘H$ OmZH$mar na {H$gr Ìw{Q> H$mo {deof à^md {ZYm©[aV H$aZo H$s ì`dhm`© hmo Vmo Cg Ad{Y go H§$nZr H$s n[ag§n{Îm`m| Ho$ Ama§{^H$ eof Xo`VmE°§ VWm B{¹$Q>r nwZ: Xem©`r Om gH$Vr h¡ & (Omo Mmby Ad{Y hmo gH$Vr h¡)

1.7 Am`H$a

Am`H$a ì`` dV©‘mZ ‘| Xo` Am¡a AmñW{JV H$a H$s am{e H$mo Xem©Vm h¡ &

dV©‘mZ H$a

dV©‘mZ ‘| ^wJVmZ `mo½` H$a df© Ho$ H$a `mo½` bm^ na AmYm[aV h¡& H$a mo½` bm^, bm^ m hm{Z {ddaU Am¡a AÝ` ì`mnH$ Am`/ bm^ `m hm{Z {ddaU ‘| {XImò Jò H$a go nhbo bm^ go {^ÝZ hmoVm h¡ Š`m|{H$ Am` `m ì`` Omo AÝ` dfm] ‘| H$a `mo½` `m H$Q>m¡Vr `mo½` h¡ Am¡a Omo AmBQ>‘ H$^r ^r H$a `mo½` `m H$Q>m¡Vr `mo½` Zht hmoVr h¡ & H§$nZr Ho$ Mmby H$a H$s JUZm bmJy H$a H$s Xa go H$s OmVr h¡ Omo hmo `m [anmo{Qª>J Ad{Y Ho$ A§V VH$ ‘| bmJy hmo &

AmñW{JV H$a

AmñW{JV H$a n[ag§n{Îm`m± Am¡a XoZXm[a`m| H$s am{e`m| Ho$ ~rM H$a `mo½` bm^ H$s JUZm ‘| à`wŠV {dËVr` {dda{U`m| Am¡a g§~§{YV H$a Ho$ ~rM H$m AñWm`r A§Va h¡ & AmñW{JV H$a Xm{`Ëdm| H$s nhMmZ Am‘Vm¡a na g^r H$a `mo½` AñWm`r A§Vam| Ho$ {bE Cg gr‘m VH$ nhMmZ H$s OmVr h¡ {H$ Eogm g§^d h¡ {H$ H$a `mo½` bm^ CZ H$Q>m¡Vr `mo½` AñWm`r A§Vam| Ho$ {bE CnbãY hm|Jo & AmñW{JV H$a n[ag§n{Îm`m| H$s ~H$m`m am{e H$s g‘rjm àËòH$ [anmo{Qª>J Ad{Y Ho$ A§V ‘| H$s OmVr h¡ Am¡a Bgo Cg gr‘m VH$ H$‘ {H$`m OmVm h¡ {H$ n`m©ßV H$a `mo½` bm^ dmngr `mo½` g§n{Îm Ho$ g^r `m Hw$N> {hñgm| na {‘boJm & AmñW{JV H$a Xo`VmE§ Am¡a g§n{Îm`m| H$m ‘yë`m§H$Z Q>¡Šg Xa go {H$`m OmVm h¡ Am¡a Eogr Amem H$s OmVr h¡ {H$ `h Cg Ad{Y ‘| bmJy hmoJm {Og‘| Xm{`Ëd H$m {Zdm©h hmoVm h¡ `m g§n{Îm H$s dgybr hmoVr h¡ & `h [anmo{Qª>J Ad{Y Ho$ A§V ‘| bmJy `m ‘yb ê$n go bmJy H$a Xam| (Am¡a H$a H$mZyZ) na AmY[aV hmoVm h¡ &

Ý`yZV‘ d¡H$pënH$ H$a (‘¡Q>)

Ý yZV‘ d¡H$pënH$ H$a (‘¡Q>) H$m H$a Ho$ {Z`‘m| Ho$ AZwgma wJVmZ {H$`m J`m h¡, Omo {H$ ^{dî` ‘| Am` H$a Xo VmAm| Ho$ g‘m`moOZ Ho$ ê$n ‘| Am{W©H$ bm^ H$mo ~‹T>mdm XoVm h¡, {OgH$mo n[agån{Îm ‘mZm J`m h¡, `{X Eogo àË`jH$mar gmú` h¢ {H$ H§$nZr ^{dî` ‘| gm‘mÝ` H$a H$m wJVmZ H$aVr ahoJr & VÖþgma h g§ m{dV h¡ {H$ BgHo$ gmW Ow‹S>m mdr Am{W©H$ bm^ H§$nZr H$mo ~‹T>m oJm VWm VwbZ nÌ ‘| n[ag§n{Îm Ho$ ê$n ‘| ‘mÝ` {H$`m Om oJm VWm n[ag§n{Îm H$m {dídñV ‘yë`m§H$Z {H$`m Om gHo$Jm &


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Current and deferred tax for the yearCurrentanddeferredtaxarerecognizedinprofitorloss,except when they relate to items that are recognized in other comprehensive income or directly in equity, in which case, the current and deferred tax are also recognized in other comprehensive income or directly in equity respectively.

1.8 Property, Plant and Equipments (PPE)The initial cost of property, plant and equipment (PPE) comprises its purchase price, including import duties and non refundable purchase taxes, and any directly attributable costs of bringing an asset to working condition and location for its intended use.

Freehold land is carried at historical cost. All other items of property, plant and equipment are stated at acquisition cost net of accumulated depreciation and accumulated impairment losses, if any. Historical cost includes expenditure that is directly attributable to the acquisition of the items. The cost of an item of PPE is the cash price equivalent at the recognition date. The cost of an item of PPE comprises purchase price including import duties and non refundable purchase taxes after deducting trade discounts and rebates (if any), Costs directly attributable to bringing the PPE to the location and condition necessary for it to be capable of operating in the manner intended by management.

Subsequent costs are included in the carrying amount of asset or recognized as a separate asset, as appropriate, onlywhen it isprobable that futureeconomicbenefitsassociatedwiththeitemwillflowtotheCompanyandthe cost of the item can be measured reliably. All other repairs and maintenance expenses are charged to the StatementofProfitandLossduringtheperiodinwhichthey are incurred. Gains or losses arising on retirement or disposal of assets are recognized in the Statement of ProfitandLoss.

If significant parts of an item of property, plant andequipment have different useful lives, then they areaccounted for as a separate item (major components) of property, plant and equipment. Any gain on disposal ofproperty,plantandequipmentisrecognisedinProfitand loss account.

Any amount paid/expenditure made in case of Property, plant and equipment which are not ready for intended use as on the date of Balance Sheet are disclosed as ‘Capital work-in-progress’.

df© Ho$ {bE dV©‘mZ Am¡a ñW{JV H$a

dV©‘mZ Am¡a AmpñWJV H$a H$s nhMmZ bm^ `m hm{Z ‘| H$s OmVr h¡, {gdm` BgHo$ H$s O~ do CZ ‘Xm| go Omo‹S>o OmVo h¢ O~ CZH$s nhMmZ H«$‘e: AÝ` ì`mnH$ Am` `m grYo B{¹$Q>r ‘| H$s OmVr h¡ &

1.8 g§n{Îm, ßbm§Q> Am¡a CnH$aU (nrnrB©)

g§n{Îm H$s ewéAmVr bmJV ßbm§Q> Am¡a CnH$aUm| ‘| Am`mV ewëH$ Am¡a J¡a dmngr`mo½` IarX H$a g{hV BgH$s IarX ‘yë` em{‘b h¡ Am¡a {H$gr ^r g§n{Îm H$mo H$‘ H$aZo H$s pñW{V Am¡a CgHo$ BpÀN>V Cn`moJ Ho$ {bE ñWmZ bmZo H$s àË`j ê$n go {Oå‘oXma bmJV em{‘b h¡&

’«$shmoëS> ^y{‘ Eo{Vhm{gH$ bmJV na bo Om`m OmVm h¡ & àm°nQ>u ßbm§Q> Am¡a CnH$aU Ho$ g^r AÝ` gm‘mZ g§{MV ‘yë`õmg Am¡a g§{MV j{Vny{V© KmQ>o Ho$ A{YJ«hU bmJV ZoQ> na ~VmE OmVo h¢ `{X H$moB© hmo Eo{Vhm{gH$ bmJV ‘| ì`` em{‘b h¡ Omo dñVwAm| Ho$ A{YJ«hU Ho$ {bE grYo {Oå‘oXma h¡ nr & nrB© H$s EH$ dñVw H$s bmJV ‘mÝ`Vm {V{W na ZH$X ‘yë` ~am~a h¡ & nrnrB© Ho$ {H$gr AmBQ>‘ H$s bmJV ‘| ì`mnma ewëH$ Am¡a Ny>Q> (`{X H$moB© hmo) H$Q>m¡Vr Ho$ ~mX Am`mV ewëH$ Am¡a J¡a dmngr `mo½` IarX H$a g{hV IarX ‘yë` em{‘b h¡ & à~§YZ Ûmam b{jV VarHo$ go n[aMmbZ H$aZo ‘| gj‘ hmoZo Ho$ {bE Amdí`H$ nrnrB© H$mo Cg ñWmZ Am¡a pñW{V ‘| bmZo Ho$ {bE grYo {Oå‘oXma bmJV h¡ &

~mX H$s bmJV n[ag§n{Îm`m| H$s bo OmZo dmbr am{e ‘| em{‘b hmoVr h¡ `m EH$ AbJ n[ag§n{Îm Ho$ ê$n ‘| nhMmZm OmVm h¡ O~ C{MV hmo gH$Vm h¡ {H$ AmBQ>‘ Ho$ gmW Ow‹S>o ^{dî` Ho$ Am{W©H$ bm^ H§$nZr Ho$ {bE àdmh H$a|Jo Am¡a AmBQ>‘ H$s bmJV {dœgZr` ê$n go ‘mnm Om gH$Vm h¡ & AÝ` g^r ‘aå‘V Am¡a aIaImd ì`` H$mo Cg Ad{Y Ho$ Xm¡amZ bm^ Am¡a hm{Z Ho$ ~`mZ na bJm`m OmVm h¡, {Og‘| do IM© {H$E OmVo h¢ & bm^ `m hm{Z Ho$ ~`mZ ‘| g§n{Îm`m| Ho$ godm{Zd¥{Îm `m {ZnQ>mZ na CËnÞ hmoZo dmbo bm^ `m hm{Z H$mo ‘mÝ`Vm Xr OmVr h¡ &

`{X ‘hËdnyU© ^mJm| ‘| g§n{Îm g§`§Ì Am¡a CnH$aUm| Ho$ EH$ AmBQ>‘ Ho$ nmg AbJ-AbJ Cn`moJr OrdZ hmoVo h¢, Vmo CÝh| g§n{Îm g§`§Ì Am¡a CnH$aU Ho$ EH$ AbJ AmBQ>‘ (à‘wI KQ>H$) Ho$ ê$n ‘| ‘mZm OmVm h¡ & g§n{Îm g§`§Ì Am¡a CnH$aU Ho$ {ZnQ>mZ na H$moB© bm^, bm^ Am¡a hm{Z ImVo ‘| ‘mÝ`Vm àmá h¡ &

g§n{Îm g§`§Ì Am¡a CnH$aU Ho$ ‘m‘bo ‘| {H$E JE {H$gr ^r am{e H$m ^wJVmZ / ì`` Omo ~¡b|g erQ> H$s VmarI Ho$ AZwgma BpÀN>V Cn`moJ Ho$ {bE V¡`ma Zht h¡, H$mo ny§Or H$m`©-àJ{V Ho$ ê$n ‘| àH$Q> {H$`m J`m h¡&

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Depreciation methods, estimated useful lives and residual value:

Depreciation is provided on the straight-line method to allocate the cost of assets, net of their residual values, over their estimated useful lives which are equal to those provided under schedule II of the Companies Act, 2013. Depreciation is calculated on a pro-rata basis from the date of acquisition/installation till the date the assets are sold or disposed of.

Theusefullifeofanassetisreviewedateachfinancialyear-end. Each part of an item of PPE with a cost that issignificantinrelationtothetotalcostoftheassetandif theuseful lifeofthatpart isdifferentfromremainingpart of the asset; such significant part is depreciatedseparately.

Depreciation on all such items have been provided from the date they are ‘Available for Use' till the date of sale/disposal and includes amortization of intangible assets and lease hold assets. Land and building accounted under Finance Lease is amortized on a straight line basis over the period of lease. Other property, plant and equipment acquired under finance leases isdepreciated over the asset’s useful life or over the shorter of the asset’s useful life and the lease term if there is reasonable certainty that the Company will obtain ownership at the end of the lease term.

Wherethelifeand/orefficiencyofanassetisincreaseddue to renovation and modernization, the expenditure thereon along-with its unamortized depreciable amount is charged prospectively over the revised/remaining useful life determined by technical expert.

The carrying amount of an asset is written down immediately to its recoverable amount if the carrying amount of the asset is greater than its estimated recoverable amount.

Transition to lnd AS:On transition to Ind AS, the Company has elected to continue with the carrying value of all of its property, plant and equipment recognized as at April 01, 2016 measured under IGAAP as the deemed cost of the property, plant and equipment.

1.9 Investment Properties

Investment properties are properties held to earn rentals and/or for capital appreciation (including property under construction for such purposes). Investment properties are measured initially at cost, including transaction costs. All of the Company’s property interests held under operating leases to earn rentals or for capital

‘yë`õmg nÕ{V, AZw‘m{ZV Cn`moJr OrdZ d Ad{eîQ> ‘yë` :

àËòH$ {dËVr` df© H$s g‘m{á na Cn`moJr Ad{Y Ho$ AZwgma grYr aoIm nÕ{V na ‘yë`õmg àXmZ {H$`m OmVm h¡, Omo H§$nZr A{Y{Z`‘ 2013 H$s AZwgyMr 11 Ho$ A§VJ©V àXmZ {H$E JE ‘yë`õmg Ho$ ~am~a h¡ & n[ag§n{Îm`m| H$s IarXr ñWm{nV H$aZo H$s VmarI go O~ VH$ ~oMr Zht OmVr àmo aoQ>m AmYma na CZH$s ‘yë`õmg H$s JUZm H$s OmVr h¡ &

g§n{Îm Ho$ Cn`moJr OrdZ Ho$ àËòH$ {dËV df© Ho$ A§V ‘| g‘rjm H$s OmVr h¡ & nrnrB© H$s àËòH$ BH$mB© H$m àËòH$ ^mJ bmJV Ho$ gmW g§n{Îm H$s Hw$b bmJV Ho$ g§~§Y ‘| ‘hËdnyU© h¡ Am¡a `{X g§n{Îm H$m Cn`moJr OrdZ g§n{Îm Ho$ eof ^mJ go AbJ h¡, Eogo ‘hËdnyU© ^mJ na AbJ go ‘yë`õmg bJm`m OmVm h¡ &

g^r dñVwAm| na ‘yë`õmg Cg {V{W go bJm`m OmVm h¡ {Og {V{W H$mo "'Cn`moJ Ho$ {bE CnbãY"' h¡ Am¡a `h {~H«$s Ûmam {ZnQ>mZ H$s {V{W VH$ bJm`m OmVm h¡ & {dËVr` brO Ho$ A§VJ©V boIm H$s JB© b¢S> d {~pëS§>J H$s brO H$s Ad{Y na grYr bmB©Z àUmbr go n[aemo{YV {H$`m OmVm h¡ & {dËVr` brO Ho$ A§VJ©V àmßV AÝ` g§n{Îm, ßbm§Q> d CnH$aU n[ag§n{Îm Ho$ Cn`moJr OrdZ AWdm n[ag§n{Îm Ho$ Cn`moJr OrdZ go H$‘ VWm `{X brO Q>‘© H$s g‘m{á na `{X ñdm{‘Ëd àmßV H$aZo Ho$ {bE H§$nZr gw{Z{üV h¡ Vmo ‘yë`õmg {H$`m Omò &

[aZmodoeZ d AmYw{ZH$sH$aU Ho$ H$maU `{X {H$gr n[ag§n{Îm H$s H$m`©j‘Vm d Am`w ‘| d¥{Õ hmoVr h¡ Vmo n[aemo{YV ‘yë`õmg am{e Ho$ gmW Cg na ì`` H$mo VH$ZrH$s {deofk Ûmam {ZYm©[aV CgH$s eof Cn`moJr OrdZ na MmO© {H$`m OmVm h¡ &

`{X n[ag§n{Îm H$s H¡$[a¨J am{e CgH$s AZw‘m{ZV dgybr `mo½` am{e go A{YH$ h¡ Vmo n[ag§n{Îm H$s H¡$[a¨J am{e dgybr `mo½` am{e go Vwa§V H$‘ H$s OmVr h¡ &

B§S> EEg ‘| n[adV©Z:

B§S> EEg ‘| n[adV©Z na H§$nZr Zo AmB©OrEEnr Ho$ A§VJ©V AmH$bZ H$s JB© {XZm§H$ 1 Aà¡b, 2016 H$mo ‘mÝ` g^r {Zdoe H$s JB© g§n{Îm`m| H$mo g§n{Îm, ßbm§Q> Am¡a CnH$aU ‘mZo OmZo dmbr bmJV Ho$ ê$n ‘| g§n{Îm`m| H$s H¡$[a¨J d¡ë`y Ho$ gmW bJmVma MwZm J`m h¡ &

1.9 {Zdoe g§n{Îm

{Zdoe g§n{Îm`m± do g§n{Îm h¡ Omo {H$am`m H$‘mZo Am¡a/`m ny±Or ‘| ~‹T>moVar (Eogo CÔoí` Ho$ {bE {Z‘m©UmYrZ g§n{Îm em{‘b h¢) Ho$ {bE hmoVr h¡ & {Zdoe g§n{Îm H$m ‘yë`m§H$Z Ama§^ ‘| bmJV Xa na {H$`m OmVm h¡ {Og‘| boZ-XoZ bmJV em{‘b h¡& H§$nZr H$s g^r g§npÎ`m§ Am°naoqQ>J brO Ho$ A§VJ©V {H$am`m H$‘mZo `m ny§Or H$m {dñVma H$aZo


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appreciation purposes are accounted for as Investment Properties. After initial recognition, the company measures investment property at cost.

An investment property is derecognized upon disposal or when the investment property is permanently withdrawn from use and no future economic benefitsare expected from the disposal. Any gain or loss arising on derecognition of the property (calculated as the differencebetweenthenetdisposalproceedsand thecarryingamountoftheasset)isincludedinprofitorlossin the period in which the property is derecognized.

Investment properties to be depreciated in accordance to the class of asset that it belongs and the life of the asset shall be as conceived for the same class of asset by the management of the company.

Transition to lnd AS :

On transition to Ind AS, the Company has elected to continue with the carrying value of all of its investment properties recognized as at April 01, 2016 measured under IGAAP as the deemed cost of investment properties.

1.10 Intangible Assets

Intangible Assets are stated at cost less accumulated amortization and impairment loss, if any.

a) Computer software includes enterprise resource planning project and other cost relating to such softwarewhichprovidessignificantfutureeconomicbenefits.Thesecostscompriseoflicensefeesandcost of system integration services.

b) Development expenditure qualifying as an intangible asset, if any, is capitalized, to be amortized over the economic life of the product/patent.

c) Computer software cost is amortized over a period of 3 years using straight-line method.

Transition to lnd AS:

On transition to Ind AS, the Company has elected to continue with the carrying value of intangible assets recognized as at April 01, 2016 measured under IGAAP as the deemed cost of intangible assets.

Ho$ CÔoí` Ho$ {bE {Zdoe g§n{Îm`m| Ho$ ê$n ‘| boIm| ‘| em{‘b H$s OmVr h¡ & Ama§{^H$ nhMmZ Ho$ níMmV H§$nZr {Zdoe H$m ‘yë`m§H$Z bmJV na H$aVr h¡ &

O~ H$a {ZnQ>mZ {H$`m OmVm h¡ `m {Zdoe g§n{Îm H$mo nyar Vah go Cn`moJ go hQ>m br OmVr h¡ Am¡a CgHo$ {ZnQ>mZ go ^{dî` ‘| H$moB© Am{W©H$ bm^ Zht {‘bZo H$s H$moB© Cå‘rX hmoVr h¡ Vmo Eogr {Zdoe g§n{Îm H$s nhMmZ g‘mßV hmo OmVr h¡ & g§n{Îm Ho$ {ZnQ>mZ go {H$gr bm^ `m hm{Z H$mo Cg df© H$s Ad{Y ‘| bm^ hm{Z ‘| {b`m OmVm h¡ {Og df© BgH$m {ZnQ>mZ hmoVm h¡ & (BgH$s JUZm ewÕ {ZnQ>mZ Am` Am¡a g§n{Îm H$s ‘yb am{e Ho$ A§Va na H$s OmVr h¡ &)

{Zdoe g§n{Îm na ‘yë`õmg g§n{Îm H$s Cg loUr Ho$ AZwgma bJm`m OmVm h¡ {Oggo dh g§~§Y aIVr h¡ Am¡a g§n{Îm H$s Ad{Y H$m AZw‘mZ H§$nZr H$s à~§YZ Ûmam g§n{Îm H$mo Cgr loUr Ho$ {bE bJm`m OmVm h¡ &


B§S> EEg ‘| n[adV©Z na H§$nZr Zo AmB©OrEEnr Ho$ A§VJ©V AmH$bZ H$s JB© {XZm§H$ 1 Aà¡b, 2016 H$mo ‘mÝ` g^r {Zdoe H$s JB© g§n{Îm`m| H$mo {Zdoe H$s JB© g§n{Îm`m| na ‘mZr OmZo dmbr bmJV Ho$ ê$n ‘| g§n{Îm`m| H$mo H¡$[a¨J d¡ë`y Ho$ gmW bJmVma MwZm J`m h¡ &

1.10 A‘yV© n[ag§n{Îm

A‘yV© n[ag§n{Îm`m| H$m CëboI bmJV na H$‘ g§{MV n[aemoYZ VWm j{V ‘| hþB© hm{Z (`{X H$moB© hmo) na {H$`m J`m h¡ &

H$) BÝQ>aàmB©O [agmog© ßbmqZJ àmoOoŠQ> ‘| em{‘b H$åß`yQ>a gm°âQ>doAa VWm AÝ` bmJV go g§~§{YV Eogo gm°âQ>doAa Omo {d{eîQ> ê$n go Am{W©H$ bm^ XoVo h¡ & BZ bmJVm| ‘| bmBg|g ’$sg VWm {gñQ>‘ B§Q>rJ«oeZ g{d©g H$s bmJV H$m g‘mdoe h¡&

I) CËnmXZ/Z‘yZo H$s Am{W©H$ OrdZr Ho$ D$na n[aemo{YV H$aZo Ho$ {bE A‘yV© n[ag§n{Îm Ho$ ê$n ‘| `mo½` {dH$mgmË‘H$ ì`` `{X H$moB© hmo ny±OrH$aU {H$`m OmVm h¡&

J) H$åß`yQ>a gm°âQ>doAa H$s bmJV H$mo grYo bmB©Z nÕ{V AnZmH$a 3 dfm] H$s Ad{Y na n[aemo{YV {H$`m OmVm h¡&


B§S> EEg ‘| n[adV©Z na H§$nZr Zo AmB©OrEEnr Ho$ A§VJ©V AmH$bZ H$s JB© {XZm§H$ 1 Aà¡b, 2016 H$mo ‘mÝ`Vm àmßV g^r {Zdoe H$s JB© g§n{Îm`m| H$mo ‘yV© n[ag§n{Îm`m| H$s ‘mZo OmZo dmbr bmJV Ho$ ê$n ‘| g§n{Îm`m| H$mo H¡$[a¨J d¡ë`y Ho$ gmW bJmVma MwZm J`m h¡ &

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1.11 Impairment of Assets

The carrying amount of assets is reviewed at each Balance Sheet date to assess if there is any indication of impairment based on internal/external factors. An impairment loss on such assessment will be recognized wherever the carrying amount of an asset exceeds its recoverable amount. The recoverable amount of the assets is net selling price or value in use, whichever is higher. While assessing value in use, the estimated futurecashflowsarediscounted to thepresent valueby using weighted average cost of capital. A previously recognized impairment loss is further provided or reversed depending on changes in the circumstances and to the extent that carrying amount of the assets does not exceed the carrying amount that will be determined if no impairment loss had previously been recognized.

1.12 Leases:Finance Lease

Assets held under lease viz. property, plant and equipment, in which a significant portion of the risksand rewards of ownership are transferred to lessee are classifiedasfinanceleases.Theaccountingtreatmentis as below:

As Lease

Finance leases are capitalized at the inception of the lease at the fair value of the leased property or, if lower, the present value of the minimum lease payments. The correspondingrentalobligations,netoffinancecharges,areincludedinborrowingsorotherfinancialliabilitiesasappropriate. Each lease payment is allocated between theliabilityandfinancecost.ThefinancecostischargedtotheStatementofProfitandLossovertheleaseperiodso as to produce a constant periodic rate of interest on the remaining balance of the liability for each period.

Leases inwhich a significant portion of the risks andrewards of ownership are not transferred to the company aslesseeareclassifiedasoperatingleases.Paymentsmade under operating leases (net of any incentives received from the lessor) are charged to Statement of ProfitandLossonastraight-linebasisovertheperiodof the lease.

As Lessor

Lease income from operating leases where the company is a lessor is recognized as income on a straight-line basis over the lease term unless the receipts are structured to increase in line with expected general inflationtocompensatefortheexpectedinflationarycost

1.11 n[ag§n{Îm`m| H$s j{V Am§V[aH$/~mhar KQ>H$ na AmYm[aV H$moB© j{V Ho$ g§Ho$V {ZYm©aU H$aZo Ho$ {bE àËòH$ VwbZ-nÌ H$s VmarI na n[ag§n{Îm`m| H$s dV©‘mZ am{e na g‘rjm H$s OmVr h¡ & Ohm± H$ht n[ag§n{Îm`m| H$s dV©‘mZ am{e dgybr mo½` am{e go A{YH$ h¡ Vmo {X Eogo {ZYm©aU na hþB© j{V H$s hm{Z H$mo ‘mÝ`Vm Xr OmVr h¡ & n[ag§n{Îm`m| H$s Cn`moJ ‘| dgybr `mo½` am{e ewÕ {~H«$s ‘yë` AWdm d¡ë`y h¡ Omo A{YH$ h¡ & Cn`moJ ‘| ‘yë` {ZYm©aU H$aVo g‘` ny±Or H$s doQ>oO Am¡gV bmJV Ho$ Cn`moJ Ûmam AZw‘m{ZV ^mdr ZH$X àdmh H$mo dV©‘mZ ‘yë` VH$ Ny>Q> Xr OmVr h¡ & nhbo ‘mÝ`Vm àmßV j{V H$s hm{Z H$mo AmJo àmdYmZ {H$`m Omò AWdm [adg© {H$`m OmòJm h n[apñW{V`m| na AmYm[aV h¡ VWm n[ag§n{Îm`m| H$s dV©‘mZ am{e Cg gr‘m VWm dV©‘mZ am{e Ho$ A{YH$ Z hmo Ho$ {ZYm©aU Ho$ {bE `{X {nN>br j{V ‘| hm{Z H$mo ‘mÝ`Vm àmßV Zht hþB© h¡ Vmo Bg na ‘mÝ`Vm Xr OmòJr &

1.12 nÅ>m (brO):

{dËVr` brO

brO Ho$ AYrZ n[ag§n{Îm O¡go g§n{Îm, ßbm§Q> d CnH$aU {Og‘| OmopI‘ d ñdm{‘Ëd H$m ‘hËdnyU© XOm© nÅ>oXma H$mo ñWm§Zm§V[aV H$a {X`m OmVm h¡ do {dËV nÅ>o Ho$ ê$n ‘| dJuH¥$V hmoVo h¢ & EH$mD$qQ>J Q´rQ>‘|Q> {ZåZmZwgma h¡ :

nÅ>mH$Vm© Ho$ ê$n ‘|

{dËVr` brO H$m ny±OrH$aU brÁS> g§n{Îm Ho$ C{MV ‘yë` na brO Ho$ àma§^ ‘| AWdm `{X H$‘ hmo, Vmo Ý`yZV‘ brO ^wJVmZ Ho$ dV©‘mZ ‘yë` na {H$`m OmVm h¡ & g§~§{YV {H$amE°§ na Xm{`Ëd, {dËVr` MmO© H$m {Zdb CYmar ‘| AWdm AÝ` C{MV {dËVr` Xo`VmE em{‘b h¢ & àËòH$ brO H$m ^wJVmZ XoZXma VWm {dËVr` bmJV Ho$ ‘Ü` Amd§{Q>V h¡ & {dËV bmJV H$mo nÅ>o H$s Ad{Y Ho$ Xm¡amZ bm^ Am¡a hm{Z {ddaU Ho$ {bE MmO© {H$`m OmVm h¡ Vm{H$ àËòH$ Ad{Y Ho$ {bE Xo`Vm Ho$ eof na ã`mO H$s {Za§Va Amd{YH$ Xa CËnÝZ hmo gHo$ &

brO {OgHo$ ñdm{‘Ëd ‘| OmopI‘ d [admS©>g H$m EH$ ‘hËdnyU© {hñgm H§$nZr H$mo nÅ>o Ho$ ê$n ‘| ñWm§Zm§V[aV Zht {H$`m OmVm h¡ CZH$mo Am°naoqQ>J nÅ>o Ho$ A§VJ©V dJuH¥$V {H$`m OmVm h¡ & Am°naoqQ>J nÅ>o Ho$ VhV {H$E JE ^wJVmZ (nÅ>o go àmßV {H$gr ^r àmoËgmhZ Ho$ ZoQ>) H$mo brO H$s Ad{Y Ho$ Xm¡amZ grYr aoIm Ho$ AmYma na bm^ Am¡a hm{Z H$m {ddaU {X`m OmVm h¡ &

nÅ>mXmVm Ho$ ê$n ‘|

Am°naoqQ>J nÅ>o go brO Am` Ohm± H§$nZr nÅ>mXmVm Ho$ ê$n ‘| h¡ brO Ad{Y Ho$ Xm¡amZ grYr aoIm nÕ{V H|$ AmYma na Am` Ho$ ê$n ‘| nhMmZm OmVm h¡ O~ VH$ {H$ Ano{jV gm‘mÝ` ‘wÐmñ’$s{V H$s VwbZm ‘| agrXm| H$mo V¡`ma Zht {H$`m OmVm Vm{H$ g§^m{dV ‘wÐmñ’$s{V


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increases. The respective leased assets are included in the Balance Sheet based on their nature.

Operating Lease

All other leases are treated as operating leases.

1.13 Revenue Recognition(i) Timing of Recognition

Revenue from sale of goods is recognized when all the significantrisksandrewardsofownershipinthegoodsare transferred to the buyer as per the terms of the contract, there is no continuing managerial involvement withthegoodsnoreffectivecontroloverthegoodssold,the amount of revenue can be measured reliably and it isprobablethatfutureeconomicbenefitswillflowtotheentityandspecificcriteriahavebeenmetforeachoftheactivities of the company.

Operating Revenue

(a) Sale of lint, fully pressed bales of cotton are recognized when the contract has been signed, initial security deposit as per the terms of the contract has been received and bales have been selected.

(b) Sale of cotton seeds is recognized at the time of issuance of delivery orders by the company provided weighment has taken place.

(c) Credit towards interest, late lifting charges and carrying charges wherever applicable, has been taken in respect of sales booked during the year.

(d) Export sales are accounted on the basis of relevant Bills of Lading.

Other Operating RevenueThe income relating to the core activities of the company which are not included in revenue from sales/ services for e.g. subsidy, claims against losses on trade transactions, interest on credit sales and trade related advances (other than on overdue) etc., which are derived based on the terms of related trade agreements with business associates or schemes on related trade, are accounted for under ‘Other Operating Revenue’.

ClaimsClaims are recognized in the Statement of Profit &Loss (Net of any payable) on accrual basis including receivables from Govt. towards subsidy, cash incentives, reimbursement of losses etc, when it is not unreasonable to expect ultimate collection. Claims recognized but subsequently becoming doubtful are provided for

bmJV ‘| d¥{Õ H$s Om gH|$ & g§~§{YV brÁS> n[ag§n{Îm`m| H$mo CZH$s àH¥${V na AmYm[aV VwbZ nÌ ‘| em{‘b {H$`m J`m h¡ &

Am°naoqQ>J brO

AÝ` g^r eof brO H$mo Am°naoqQ>J brO Ho$ ê$n ‘| ‘mZm OmVm h¡ &

1.13 amOñd nhMmZ

(i) nhMmZ H$m g‘`

‘mb H$s {~H«$s go àmßV Amn H$s g§{dXm H$s eVm] Ho$ AZwgma IarXXma H$mo ‘mb Ho$ A§VaU ‘| ñdm{‘Ëd Ho$ g^r {d{eîQ> OmopI‘ d nwañH$ma H$s ‘mÝ`Vm Xr OmVr h¡ & ‘mb go H$moB© gVV ‘¡ZoOo[a`b B§dm°ëd‘|Q> Zht h¡ Am¡a Zm hr {~H«$s {H$E JE ‘mb Ho$ D$na à^mdr ê$n go {Z`§ÌU h¡, amOñd H$s am{e H$mo {dídgZr` ê$n go ‘mn {b`m Om gH$Vm h¡ Am¡a `h g§^d h¢ {H$ ^{dî` ‘| Am{W©H$ bm^ BH$mB© Ho$ {bE `h àdmh H$a|Jo Am¡a H§$nZr Ho$ àËòH$ H$m`m] Ho$ {bE {d{eîQ> ‘mZX§S>mo H$mo nyam {H$`m OmòJm &

Am°naoqQ>J amOñd

H$) g§{dXm O~ hñVmja H$s OmVr h¡ Vmo ê$B© H$s {~H«$s, nyU© ~§{YV Jm±R>m| H$mo ‘mÝ`Vm Xr OmVr h¡ & g§{dXm Ho$ eVm] Ho$ AZwgma àma§^ ‘| gwajm O‘m am{e àmßV H$s OmVr h¡ VWm Jm±R>m| H$m M`Z {H$`m OmVm h¡ &

I) H§$nZr Ûmam gwnwX©Jr AmXoe Omar H$aVo g‘` {~Zm¡bm {~H«$s H$mo ‘mÝ`Vm Xr OmVr h¡ ~eV} {H$ dOZ hþAm hmo &

J) df© Ho$ Xm¡amZ ~wH$ H$s JB© {~H«$s Ho$ ~mao ‘| Ohm± bmJy hmo, ã`mO Ho$ gm‘Zo F$U, Xoar go CR>mò JE à^ma VWm H¡$[a¨J MmO©g {bE OmVo h¡ &

K) g§~§{YV bXmZ {~ëg Ho$ AmYma na {Z`m©V {~H«$s H$mo boIm§{H$V {H$`m OmVm h¡ &

AÝ` Am°naoqQ>J amOñd

H§$nZr H$s ‘w»` J{V{d{Y`m| go g§~§{YV Am` Omo {~H«$s/godmE° O¡go gpãgS>r, ì`mnma boZXoZ na hþB© hm{Z Xmdm|, H«o${S>Q> goëg na ã`mO d ì`mnma g§~§{YV A{J«‘ (AmodaS>çy H$mo N>mo‹S>H$a) Omo ì`mnma Egmo{gEQ²g go g§~§{YV ì`mnma H$ama H$s eVm] na AmYm[aV {ZH$mbr OmVr h¡ do AÝ` Am°naoqQ>J amOñd Ho$ A§VJ©V boIm§{H$V H$s OmVr h¢ &

Xmdo gpãgS>r, ZH$X àmoËgmhZ, hm{Z`m| H$s à{Vny{V© BË`m{X Ho$ {bE gaH$ma go àmßV `mo½` am{e em{‘b H$aVo hþE àmoØÿV AmYma na bm^ Am¡a hm{Z H$s {ddaUr (H$moB© ^wJVmZ `mo½` {Zdb) ‘| Xmdm| H$mo ‘mÝ`Vm Xr OmVr h¡ O~ h A§{V‘ g§J«h Ho$ {bE C{MV Zht h¡ naÝVw BgHo$ gmW g§{X½Y hmo aho Xmdm| H$mo bm^ Am¡a hm{Z {ddaUr Ho$ {bE

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throughStatementofProfitandLoss.Insuranceclaimsare accounted upon issuance of relevant loss vouchers by the insurance company.

Dividend and Interest incomeInterest income is recognized on a time proportion basis taking into account the amount outstanding and theeffectiveinterestrate,whichistheratethatexactlydiscounts estimated future cash receipts through the expectedlifeofthefinancialassettothegrosscarryingamountofafinancialasset.

Revenue recognition on actual realization

(a) Income towards interest in regard to debts outstanding from institutional buyers, who are not regular in clearing their dues to the Company;

(b) Net claims (after adjusting deposits, advance carrying charges and credit balances) lodged and interest thereon on the defaulting buyers for losses arising out of resale of quantities initially sold to them;

1.14 Employee Benefits:

Short term employee benefitsAll employee benefits payable within 12 months ofservice such as salaries, wages, bonus, ex-gratia, medical benefits etc. are recognized in the year inwhich the employees render the related service and are presentedascurrentemployeebenefitobligationswithintheBalanceSheet.Terminationbenefitsarerecognizedas an expense as and when incurred. Short-term leave encashment is provided at undiscounted amount during the accounting period based on service rendered by employees.

Other Long term employee benefits

The liabilities for earned leave and sick leave are not expected to be settled wholly within 12 months after the end of the period in which the employees render the related service. They are therefore measured as the present value of expected future payments to be made in respect of services provided by employees up to the end of the reporting period using the projected unit creditmethod.Thebenefitsarediscountedusingthe market yields at the end of the reporting period that have terms approximating to the terms of the related obligation. Re-measurements as a result of experience adjustments and changes in actuarial assumptions are recognizedinprofitorloss.

à~§Y {H$`m J`m h¡ & ~r‘m H§$nZr Ûmam g§~§{YV hm{Z dmD$Mg© H$mo Omar H$aZo na ~r‘m Xmdm| H$m boIm {H$`m J`m h¡ &

bm^ d ã`mO Am`

~H$m`m am{e d à^mdr ã`mO Xa H$mo Ü`mZ ‘| boVo hþE ã`mO H$s Am` H$mo g‘`mZwnm{VH$ AmYma na ‘mÝ`Vm Xr JB© h¡ Omo {dËVr` n[ag§n{Îm H$s gH$b H¡$[a¨J am{e go Ano{jV Am`w Ho$ AZw‘m{ZV ^{dî` H$s ZH$X agrXm| H$mo nyar Vah Ny>Q> XoVr h¡&

dmñV{dH$ dgybr na amOñd ‘mÝ`Vm

H$) g§ñWmJV IarXXmam| go ~H$m`m F$U Ho$ ~mao ‘| ã`mO H$s Am` Omo H§$nZr H$mo ~H$m`m am{e ^wJVmZ H$aZo ‘| {Z`{‘V Zht h¡&

I) àma§^ ‘| ~oMr JB© ‘mÌm H$s nwZ: {~H«$s go CËnÝZ hm{Z`m| Ho$ {bE MyH$H$Vm© IarXXmam| Ho$ {Zdb Xmd| (O‘m am{e g‘m`moOZ Ho$ níMmV, A{J«‘ H¡$[a¨J MmO}g, VWm eof F$U) d Cg na ã`mO

1.14 H$‘©Mmar bm^:

AënH$m{bH$ H$‘©Mmar bm^

doVZ, nm[al{‘H$, ~moZg, EŠgJ«o{e`m, {M{H$Ëgm bm^ BË`m{X O¡gr godm Ho$ 12 ‘hrZm| Ho$ ^rVa g^r H$‘©Mm[a`m| Ho$ ^wJVmZ `mo½` bm^ H$mo {Og‘| H$‘©Mmar g§~§{YV godm XoVo h¢ CZH$mo Cg df© ‘| ‘mÝ`Vm Xr OmVr h¡ VWm VwbZ nÌ ‘| dV©‘mZ H$‘©Mmar bm^ Xm{`Ëd Ho$ ê$n ‘| àñVwV {H$`m OmVm h¡ & Q>a‘rZoeZ bm^ O~ IM© {H$`m J`m hmo ì`` Ho$ ê$n ‘| ‘mÝ`Vm Xr OmVr h¡ & AënH$m{bH$ Nw>Å>r ZH$XrH$aU H$‘©Mm[a`m| Ûmam Xr JB© g§~Õ godmAm| na boIm Ad{Y Ho$ Xm¡amZ Ny>Q> am{e Ho$ AmYma na àmdYmZ {H$`m J`m h¡ &

AÝ` XrKm©d{Y H$‘©Mmar bm^

A{O©V Nw>Å>r d {gH$ brd hoVw XoZXm[a`m| H$mo {Z`V godmE°§ àñVwV H$aZo Ho$ Xm¡amZ df© H$s g‘m{á na {Og‘| H$‘©Mm[a`m| Ho$ g~§Õ godmE°§ Xr h¡ 12 ‘hrZm| Ho$ ^rVa nyU© ê$n go {ZnQ>mZo H$s Anojm Zht h¡ Bgr{bE BZH$mo àmoOoŠQ>oS> `y{ZQ> H«o${S>Q> ‘oWS> H$m Cn`moJ H$aVo hþE [anmo{Qª>J Ad{Y H$s g‘m{á na H$‘©Mm[a`m| Ûmam Xr JB© godmAm| Ho$ ~mao ‘| {H$E OmZo dmbo Ano{jV ^mdr ^wJVmZ Ho$ dV©‘mZ ‘yë` go AmH$bZ {H$`m OmVm h¡ & CZ bm^m| H$mo [anmo{Qª>J Ad{Y H$s g‘m{á na ‘mH}$Q> CnO H$m Cn`moJ H$aVo hþE bm^m| H$mo Ny>Q> Xr OmVr h¡ {Og‘| g§~§{YV Xm{`Ëd Ho$ Q>‘©g AZw‘m{ZV hmoVo h¢ & AZw^d g‘m`moOZ VWm ~r‘m§{H$H$ AZw‘mZm| ‘| n[adV©Z Ho$ n[aUm‘ ñdê$n nwZ: AmH$bZ H$mo bm^ Am¡a hm{Z ‘| ‘mÝ`Vm Xr JB© h¢&


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Defined Contribution PlanContributions to defined contribution schemes suchas contribution to Provident Fund and Superannuation Fund are charged as an expense to the Statement of Profit and Loss based on the amount of contributionrequired to be made as and when services are rendered by the employees. The above benefits are classifiedas Defined Contribution Schemes as the CottonCorporation of India Limited has no further definedobligations beyond the monthly contributions.

Defined Benefit PlanGratuity :

The company makes annual contributions under the Employees Gratuity scheme to a fund administered by trustees covering all eligible employees. The plan provides for lumsum payments to employees whose right to receive gratuity has vested at the time of resignation, retirement, death while in employment or on termination of employment of an amount equivalent to 15 days salary for each completed year of service or part thereof in excess of six months. Vesting occurs uponcompletionoffiveyearsofserviceexceptincaseof death.

Gratuity liability is a defined benefit obligation and iscomputed on the basis of an actuarial valuation by an actuary appointed for the purpose as per projected unit credit method at the end of each financial year. Theliability or asset recognized in the Balance Sheet in respectofdefinedbenefitGratuityplan is thepresentvalueofthedefinedbenefitobligationattheendofthereporting period less the fair value of plan assets.

The present value of the defined benefit obligation isdetermined by discounting the estimated future cash outflowsbyreferencetomarketyieldsattheendofthereporting period on Government bonds that have terms approximating to the terms of the related obligation.

The net interest cost is calculated by applying the discountratetothenetbalanceof thedefinedbenefitobligation and the fair value of plan assets. This cost is includedinemployeebenefitexpenseintheStatementofProfitandLoss.

Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are recognized in the period in which they occur directly in Other Comprehensive Income. They are included in retained earnings in the Statement of changes in equity and in the Balance Sheet.

n[a^m{fV A§eXmZ `moOZm

n[a^m{fV A§eXmZ `moOZm, `moOZm Ho$ A§eXmZ O¡go ^{dî` {Z{Y d A{Yd{f©Vm {Z{Y ‘| A§eXmZ H$‘©Mm[a`m| Ûmam Xr JB© godmAm| ‘| Amdí`H$ A§eXmZ H$s am{e Ho$ AmYma na bm^ d hm{Z {ddaUr ‘| ì`` Ho$ ê$n ‘| MmO© {H$`m J`m h¡ & Cn w©ŠV bm^m| H$mo n[a^m{fV A§eXmZ `moOZm Ho$ ê$n ‘| dJuH¥$V {H$`m J`m h¡ & Š`m|{H$ maVr` H$nmg {ZJ‘ {b{‘Q>oS> ‘| ‘m{gH$ A§eXmZ Ho$ Abmdm AmJo n[a^m{fV Xm{`Ëd Ho$ ê$n ‘| Hw$N> Zht h¡ &

n[a^m{fV bm^ `moOZm CnXmZ {Z{Y :

g^r nmÌ H$‘©Mm[a`m| H$mo em{‘b H$aVo hþE Ý`mg Ûmam àem{gV {Z{Y ‘| H$‘©Mmar CnXmZ {Z{Y moOZm Ho$ A§VJ©V H§$nZr Ûmam dm{f©H$ A§eXmZ {H$`m OmVm h¡ & Bg `moOZm ‘| H$‘©Mm[a`m| H$mo EH$ ‘wíV am{e Ho$ ^wJVmZ H$m àmdYmZ h¡ & Bg `moOZm ‘| {Z`moŠVm H$mo Ë`mJ nÌ XoZo, godm{Zd¥{Îm na, ‘¥Ë`w Ho$ g‘` CnXmZ {Z{Y àmßV H$aZo H$m hH$ {Z{hV h¡ {Og‘| H$‘©Mm[a`m| H$mo EH$‘wíV am{e Ho$ ^wJVmZ H$m Omo N>: ‘hrZm| go A{YH$ àË`oH$ nyU© df© d {H$gr godm Ho$ ^mJ Ho$ {bE 15 {XZm| Ho$ g‘Vwë` doVZ H$s am{e H$m àmdYmZ h¡ & ‘¥Ë`w H$mo N>mo‹S>H$a nm±M dfm] H$s godm nyU© hmoZo na CnXmZ {Z{Y Xmdo H$m hH$ {Z{hV h¡ &

CnXmZ {Z{Y Xm{`Ëd n[a^m{fV bm^ ~mÜ`Vm h¡ VWm àË`oH$ {dËVr` df© H$s g‘m{á na àmoOoŠQ>oS> BH$mB© H«o${S>Q> nÕ{V Ho$ AZwgma Bg CÔoí` Ho$ {bE {Z`wŠV EŠMwAar Ûmam ~r‘m§H$H$ ‘yë`m§H$Z Ho$ AmYma na BgH$s JUZm H$s OmVr h¡ & n[a^m{fV bm^ CnXmZ {Z{Y `moOZm Ho$ ~mao ‘| VwbZ nÌ ‘| n[ag§n{Îm AWdm Xo`Vm H$mo ‘mÝ`Vm Xr JB© h¡ Omo [anmo{Qª>J Ad{Y H$s g‘m{á na ßbmZ n[ag§n{Îm Ho$ C{MV ‘yë` go H$‘ dV©‘mZ ‘yë` h¡ &

nm[a^m{fV bm^ ~mÜ`Vm H$m dV©‘mZ ‘yë` gaH$mar ~m°ÝS>g na [anmo{Q>ªJ Ad{Y H$s g‘m{á na ‘mH}$Q> CËnmXH$Vm Ho$ g§X^© ‘| AZw‘m{ZV ^mdr ZH$X ~{hdm©h ‘| Ny>Q> XoH$a {ZYm©aU {H$`m OmVm h¡& {Og‘| g§~§{YV ~mÜ`Vm Ho$ Q>‘©g H$s eV} h¢ &

nm[a^m{fV bm^ Xm{`Ëd Ho$ {Zdb eof VWm C{MV ‘yë` H$s `moOZm n[ag§n{Îm na {S>ñH$mD$§Q> aoQ> Ûmam ewÕ ã`mO bmJV H$s JUZm H$s OmVr h¡ & bm^ d hm{Z {ddaUr ‘| H$‘©Mmar bm^ ì`` ‘| Bg bmJV H$mo em{‘b {H$`m J`m h¡ &

AZw^d g‘m`moOZ VWm ~r‘m§H$H$ YmaUmAm| go CËnÝZ bm^ d hm{Z`m| H$m nwZ©‘yë`m§H$Z Cg Ad{Y ‘| {Og‘| K{Q>V hþB© h¢ CÝh| AÝ` ì`mnH$ Am` ‘| ‘mÝ`Vm Xr JB© h¡ & BÝh| B{¹$Q>r ‘| n[adV©Z H$s {ddaUr VWm VwbZ nÌ ‘| [aQ>|S> AO©Z ‘| em{‘b {H$`m J`m h¡ &

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Post Retirement Medical Benefit Scheme

Post-retirementmedicalbenefitsarerecognizedbasedonthepresentvalueofdefinedbenefitobligationwhichis computed using the projected unit credit method as per IND AS 19, with actuarial valuations being carried out at the end of each annual reporting period. Any actuarial losses/gains are recognized immediately in thestatementofprofitandlossaccountasanincomeor expense.

Others

(i) Productivity Linked Incentive : The productivity linked incentive scheme is based

on overall performance i.e. Financial Performance for the Financial Year and Physical Performance for the Cotton Year. The Financial performance is based on the Financial Results for the Financial Year and the Physical performance is based on the performance during the Cotton Year. The Financial Year ends on 31st March and the Cotton Year ends on 30th September i.e. after 6 months of close of theFinancialYear.Since it involves twofinancialyears, hence the Optimum Productivity Index under the Productivity Linked Incentive Scheme, can be worked out only at the end of the Cotton Year i.e. after 30th September each year. Therefore, the Company follows the practice consistently of working out the eligibility and quantum of PLI at the end of the Cotton Year and debiting the expenditure in the ensuing Financial Year in which the same is approved by the Board.

(ii) Payment of Ex-Gratia and notice pay on voluntary retirementarerecognizedintheStatementofProfitand Loss in the year in which payment is made.

(iii) Employees cost that would arise on discounting of futurecashflowsof loansgiven toemployeesare recognized in the accounts if the net impact in thereportingfinancialyearexceeds0.25%oftotalrevenue of the financial year and loans given toemployees are measured at fair value.

1.15 Government Grantsa) Government grants are recognized at their fair

value where there is a reasonable assurance that the Grant will be received and the company will comply with all attached conditions.

b) Government Grants relating to purchase of property, plant and equipment are included in non- current liabilities as deferred income and are credited to profitorlossinproportiontodepreciationovertheexpected lives of the related assets and presented within other income.

godm{Zd¥{Îm nümV {M{H$Ëgm bm^ `moOZm

godm {Zd¥{Îm níMmV {M{H$Ëgm bm^ H$mo n[a^m{fV bm^ ~mÜ`Vm Ho$ dV©‘mZ ‘yë` Ho$ AmYma na ‘mÝ`Vm Xr JB© h¡ & {OgH$s àË`oH$ dm{f©H$ [anm{Q>ªJ Ad{Y H$s g‘m{á na br OmZodmbr ~r‘m§{H$H$ ‘yë`m§H$Z go B§S> E Eg 19 Ho$ AZwgma àmoOoŠQ>oS> `y{ZQ> H«o${S>Q> nÕ{V H$m Cn`moJ H$aVo hþE JUZm H$s JB© h¡ & {H$gr ^r ~r‘m§{H$H$ hm{Z/bm^ H$mo bm^ d hm{Z {ddaUr ImVo ‘| Am` AWdm ì`` Ho$ ê$n ‘| Vwa§V ‘mÝ`Vm Xr OmVr h¡ &

AÝ`

(i) CËnmXH$Vm gh~Õ àmoËgmhZ :

CËnmXH$Vm gh~Õ àmoËgmhZ `moOZm g§nyU© H$m`© {ZînmXZ na AmYm[aV h¡ `m{Z {dÎmr` df© Ho$ {bE {dÎmr` {ZînmXZ Am¡a H$nmg df© Ho$ {bE dmñV{dH$ {ZînmXZ & {dÎmr` {ZînmXZ {dÎmr` df© Ho$ n[aUm‘ na AmYm[aV h¡ Am¡a dmñVo{dH$ {ZînmXZ H$nmg df© Ho$ Xm¡amZ {ZînmXZ na AmYm[aV h¡ & {dÎmr` df© 31 ‘mM© H$mo g‘mn² hmoVm h¡ Am¡a H$nmg df© 30 {gV§~a H$mo g‘mßV hmoVm h¡ `m{Z {dÎmr` df© g‘m{á Ho$ N>: ‘mh Ho$ ~mX nrEbAmB© `moOZm Ho$ A§VJ©V gdm}Îm‘ CËnmXH$Vm gyMH$m§H$ H$s JUZm Ho$db H$nmg df© `m{Z àË`oH$ df© 30 {gV§~a Ho$ ~mX H$s Om gH$Vr h¡ & AV: nrEbAmB© Ho$ {bE Cgr {dÎmr` df© ‘| BgH$m àmdYmZ H$aZm g§^d Zht h¡ & AV: H§$nZr H$nmg df© Ho$ A§V ‘o nrEbAmB© H$s J«møVm VWm ‘mÌm H$s JUZm H$aZo H$s àWm H$m AZwnmbZ H$aVr h¡ Am¡a AJbo {dÎmr` df© ‘| ì¶` H$mo Zm‘o H$aVr h¡ &

(ii) EŠgJ«o{e`m H$m ^wJVmZ VWm E¡pÀN>H$ godm{Zd¥{Îm na Zmo{Q>g no H$mo {Og df© ‘| ^wJVmZ {H$`m J`m h¡ Cg df© Ho$ bm^ d hm{Z H$s {ddaUr ‘| ‘mÝ`Vm Xr OmVr h¡ &

(iii) H$‘©Mm[a`m| H$mo {XE JE F$U Ho$ ^mdr àdmh ‘| `{X [anmo{Qª>J {dÎmr` df© ‘| ewÕ àdmh {dÎmr` df© Ho$ Hw$b amOñd H$m 0.25% VWm H$‘©Mm[a`m| H$mo {XE JE F$U H$m ‘yë`m§H$Z C{MV ‘yë` na bJm`m OmVm h¡ Vmo Ny>Q> go CËnÞ H$‘©Mmar bmJV H$mo boIm ‘| ‘mÝ`Vm Xr OmVr h¡ &

1.15 gaH$mar AZwXmZ H$) gaH$mar AZwXmZ H$mo CZHo$ C{MV ‘yë` na ‘mÝ`Vm Xr OmVr

h¡ Ohm± C{MV AmídmgZ {X`m OmVm h¡ {H$ AZwXmZ àmßV hmoJm Am¡a H§$nZr g^r g§b½Z eVm] H$m AZwnmbZ H$aoJr &

I) g§n{Îm, ßbm§Q> d CnH$aU H$s IarXr go g§~§{YV gaH$mar AZwXmZ AmñW{JV Am` Ho$ ê$n ‘| J¡a-Mmby Xo`VmAm| ‘| em{‘b {H$`m J`m h¡ VWm n[ag§n{Îm`m| H$s Ano{jV Am` na ‘yë`õmg Ho$ AZwnmV ‘| bm^ AWdm hm{Z ‘| O‘m {H$`m J`m h¡ VWm AÝ` Am` Ho$ ^rVa àñVwV {H$`m J`m h¡ &


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c) Government grants relating to income are deferred andrecognizedintheStatementofProfitandLossover the period necessary to match them with the costs that they are intended to compensate and presented within other income.

1.16 Foreign currency translationForeign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at year end exchange ratesaregenerallyrecognizedinprofitorloss.

1.17 Borrowing costs

Borrowings are initially recognized at fair value, net of transaction costs incurred. Borrowings are subsequently measuredatamortizedcost.Anydifferencebetweentheproceeds (net of transaction costs) and the redemption amountisrecognizedinprofitorlossovertheperiodoftheborrowingsusingtheeffectiveinterestmethod.

BorrowingsareclassifiedascurrentliabilitiesunlesstheCompany has an unconditional right to defer settlement of the liability for at least 12 months after the reporting period.

1.18 Earnings per ShareEarnings per share are calculated by dividing the net profit or loss for the period attributable to EquityShareholders by the weighted average number of Equity shares outstanding during the period. Earnings consideredinascertainingtheEPSisthenetprofitforthe period and any attributable tax thereto for the period.

1.19 Provisions, Contingent liabilities & Assetsa) Provisions are recognized when the Company

has a present legal or constructive obligation as a resultofpastevents,itisprobablethatanoutflowof resources will be required to settle the obligation and the amount can be reliably estimated. These arereviewedateachyearendandreflectthebestcurrent estimate. Provisions are not recognized for future operating losses.

b) Provisions are measured at the present value of best estimate of the Management of the expenditure required to settle the present obligation at the end of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects current market assessments of the time

J) Am` go g§~§{YV gaH$mar AZwXmZ H$s j{Vny{V© Ho$ CÔoí` go bmJV go Amdí`H$ ‘¡M H$aZo H$s Ad{Y na bm^ d hm{Z {ddaUr ‘| AmñW{JV ‘mÝ`Vm Xr OmVr h¡ VWm AÝ` Am` Ho$ ^rVa àñVwV {H$`m OmVm h¡ &

1.16 {dXoer ‘wÐm A§VaU

{dXoer ‘wÐm ‘| boZ XoZ H$m {H«$`mË‘H$ ‘wÐm ‘| A§VaU boZ XoZ H$s VmarIm| na {d{Z‘` Xa go {H$`m OmVm h¡ & Eogo boZ XoZ Ho$ {ZnQ>mZ Ho$ n[aUm‘ñdê$n {dXoer {d{Z‘` Ho$ bm^ d hm{Z`m| VWm {dXoer ‘wÐm ‘| A§{H$V ‘yë` na ‘m¡{ÐH$ n[ag§n{Îm`m| d Xo`VmAm| Ho$ A§VaU go df© H$s g‘m{á na {d{Z‘` Xa H$mo gm‘mÝ`V: bm^ VWm hm{Z ‘| ‘mÝ`Vm Xr OmVr h¡ &

1.17 CYma bmJV

CYma bmJV H$mo àma§^ ‘| boZ XoZ H$s ewÕ bmJV IM© na C{MV ‘yë` ‘| ‘mÝ`Vm Xr JB© h¡ & BgHo$ níMmV CYma H$mo n[aemoYZ bmJV na AmH$bZ {H$`m J`m h¡ & Bg à{H«$`m VWm(boZ XoZ H$s ewÕ bmJV) am{e ‘| Ny>Q> Ho$ ~rM A§Va H$mo à^mdembr ã`mO nÕ{V H$m Cn`moJ H$aVo hþE CYma H$s Ad{Y na bm^ AWdm hm{Z ‘| ‘mÝ`Vm Xr JB© h¡ & CYmar H$mo [anmo{Qª>J Ad{Y Ho$ níMmV Ý`yZV‘ 12 ‘hrZm| Ho$ {bE Xo`VmAm| Ho$ AmpñWJV {ZnQ>mZ Ho$ AZH§$S>reZb hH$ &

O~ VH$ H§$nZr Ho$ nmg [anmo{Qª>J Ad{Y Ho$ níMmV Ý`yZV‘ 12 ‘hrZm| Ho$ {bE XoZXm[a`m| Ho$ {ZnQ>mZ H$mo AñW{JV aIZo H$m AeV© A{YH$ma Z hmo, CYma H$mo Mmby Xo`VmAm| Ho$ ê$n ‘| dJuH¥$V {H$`m OmVm h¡ &

1.18 à{V eoà AO©Z

B{¹$Q>r à{V eoà H$mo gH$b bm^ AWdm hm{Z H$mo Ad{Y Ho$ Xm¡amZ ~H$m`m B{¹$Q>r eoà H$s ^m[aV Am¡gV g§»`m go ^mJ XoH$a ~o{gH$ à{V eoà Ho$ AO©Z H$s JUZm H$s OmVr h¡ & B© nrEg Ho$ {ZYm©aU ‘| AO©Z VWm Cg Ad{Y Ho$ {bE {XE JE {H$gr H$a H$m ewÕ bm^ h¢ &

1.19 àmdYmZm|, g‘m{lV Xo`VmE°§ Ed§ n[ag§n{Îm`m±

H$) {nN>br KQ>Zm Ho$ ’$bñdê$n H§$nZr Ho$ dV©‘mZ Xm{`Ëd ({d{YH$ Am¡a aMZmË‘H$) hmoZo na àmdYmZm| H$s nhMmZ H$s OmVr h¡, `h g§^d h¡ {H$ Xm{`Ëdm| Ho$ g‘m`moOZ Ho$ {bE Am{W©H$ bm^m| Ho$ ~{h©^md H$s Amdí`H$Vm hmo Am¡a Xm{`Ëdm| H$s am{e go {dídgZr` AmH$bZ V¡`ma {H$`m Om gHo$ &

I) àmdYmZm| H$m AmH$bZ ì`` Ho$ à~§Y Ho$ loîR> AmH$bZ dV©‘mZ ‘yë` Ûmam hr {H$`m OmVm h¡ Omo [anmo{Qª>J Ad{Y H$s g‘m{á na dV©‘mZ Xm{`Ëd Ho$ {ZnQ>mZ Ho$ {bE Amdí`H$ hmo & dV©‘mZ ‘yë` {ZYm©aU H$aZo Ho$ {bE Cn`moJ H$s OmZodmbr Ny>Q> Xa EH$ nyd© H$aXmVm h¡ Omo ‘wÐm Ho$ g‘` ‘yë` Am¡a Xo`Vm Ho$ {bE

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valueofmoneyandtherisksspecifictotheliability.The increase in the provision due to the passage of time is recognized as interest expense.

c) Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence ofwhichwill be confirmed only bythe occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that arises from past events where it is either not probable that anoutflowof resourceswill be required to settlethe obligation or a reliable estimate of the amount cannot be made.

d) Contingent Assets are not recognized in the financial statements. Such contingent assets areassessed continuously and are disclosed in Notes when the inflow of economic benefits becomesprobable. If it is virtually certain that inflow ofeconomic benefits will arise then such assetsand the relative income will be recognized in the financialstatements.

1.20 Financial lnstruments

Afinancialinstrumentisanycontractthatgivesrisetoafinancialassetofoneentityandafinancialliabilityorequity instrument of another entity. Financial instruments also include derivative contracts such as foreign currency forward contracts, cross currency interest rate swaps, interest rate swaps and currency options; and embedded derivatives in the host contract.

Financial AssetsInitial recognition and measurementAllfinancialassetsarerecognizedinitiallyatfairvalueplus,inthecaseoffinancialassetsnotrecordedatfairvaluethroughprofitandloss,transactioncostthatareattributabletotheacquisitionofthefinancialasset.

Classification and subsequent measurementClassifications

TheCompanyclassifyfinancialassetassubsequentlymeasured at either amortized cost or fair value depending on the Company’s business model for managingthefinancialassetsandthecontractualcashflowcharacteristicsofthefinancialassets.

Business Model Assessment

The company makes an assessment of the objective of a business model in which an asset is held at a portfolio level because this best reflects the way business is

{Z{X©îQ> OmopI‘m| Ho$ dV©‘mZ ~mOma {ZYm©aU H$mo Xem©Vm h¡ & g‘` ~rVZo Ho$ H$maU àmdYmZ ‘| d¥{Õ H$mo ã`mO ì`` Ho$ ê$n ‘| ‘mÝ`Vm Xr OmVr h¡ &

J) O~ H§$nZr H$m {nN>br KQ>ZmAm| go g§^m{dV Xm{`Ëd H$s {dÚ‘mZVm Omo ^{dî` H$s KQ>ZmAm| H$s nwZamd¥{Îm Am¡a J¡a nwZamd¥{Îm H$s nw{ï> H$aVm h¡, Omo H§$nZr Ho$ nyU© {Z`§ÌU ‘| Zht hmoVo, Omo {nN>br KQ>ZmAm| go CËnÝZ hmoVo h¢ Ohm± `m Vmo `h g§^d Zht h¡ {H$ ñÌmoVmo Ho$ ~{hdm©h na Xm{`Ëd Ho$ {ZnQ>mZ H$s Amdí`H$Vm hmo AWdm am{e H$m {dídgZr` AmH$bZ Zht {H$`m Om gH$Vm &

K) AmH$pñ‘H$ n[ag§n{Îm`m| H$s nhMmZ {dËVr` {ddaUm| ‘| H$s OmVr h¡ Bg Vah H$s AmH$pñ‘H$ g§n{Îm H$m ‘yë`m§H$Z {H$`m OmVm h¡ Am¡a Am{W©H$ bm^m| H$m àdmh g§^d hmoZo na ZmoQ²g ‘| {Q>ßn{U`m| ‘| {XIm`m OmVm h¡ & AJa `h dmñVd ‘| {Z{üV h¡ {H$ Am{W©H$ bm^m| H$m àdmh CËnÝZ hmoJm Vmo Eogr g§n{Îm`m§ Am¡a g§~§{YV Am` H$s nhMmZ {dËVr` {ddaUm| ‘| H$s OmVr h¡ &

1.20 {dËVr` XñVmdoO

{dËVr` XñVmdoO H$moB© Eogr g§{dXm h¡ Omo EH$ BH$mB© H$s {dËVr` n[ag§n{Îm H$mo Xygar BH$mB© H$s {dËVr` Xo`VmE°§ AWdm B{¹$Q>r XñVmdoO ‘| d¥{Õ XoVm h¡ & {dËVr` XñVmdoO A‘m¡{bH$ (So>ardo{Q>d) g§{dXmE°§ O¡go {dXoer ‘wÐm ’$m°adS©> H$m§Q´¡ŠQ>g, H«$mg H$a§gr ã`mO Xa ñd¡n, ã`mO Xa ñd¡n VWm ‘wÐm {dH$ën VWm hmoñQ> H$m§Q´¡ŠQ> ‘| Eå~oSo>S> So>ardo{Q>d ^r em{‘b h¡ &

{dËVr` n[ag§n{Îm`m± àma§{^H$ ‘mÝ`Vm d AmH$bZ

g^r {dËVr` n[ag§n{Îm`m| H$mo àma§^ ‘| C{MV ‘yë` ßbg na ‘mÝ`Vm Xr JB© h¡, CZ {dËVr` n[ag§npÎ`m| Ho$ ‘m‘bo ‘| Omo bm^ d hm{Z, boZXoZ bmJV go (C{MV ‘yë` na [aH$m°S©> Zht H$s JB© h¡) do {dËVr` n[ag§n{Îm`m| Ho$ A{YJ«hU Ho$ {bE AmamonZr` h¡ &

dJuH¥$V Ed§ AZwdVu AmH$bZ dJuH¥$V

H§$nZr {dËVr` n[ag§n{Îm`m| H$m dJuH$aU n[aemoYZ bmJV AWdm {dËVr` n[ag§n{Îm`m| Ho$ à~§YZ Ho$ {bE H§$nZr Ho$ {~OZog ‘m°S>b na Am{lV C{MV ‘yë` VWm {dËVr` n[ag§n{Îm`m| Ho$ g§{dXmJV ZH$X àdmh {deofVmAm| na AmH$bZ {H$`m OmVm h¡ &

{~OZog ‘m°S>b {ZYm©aU

H§$nZr {~OZog ‘m°S>b {Og‘| n[ag§n{Îm`m| H$mo nmoQ>©’$mo{b`m| ñVa H$mo {Z‘§{ÌV {H$`m OmVm h¡ CgHo$ ‘yb CÔoí` H$mo {ZYm©aU H$aVr


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managed and information is provided to us.

Debt Instrument at amortized cost

Afinancialassetismeasuredatamortizedcostonlyifboth the following conditions are met:

It is held within a business model whose objective is to holdassetsinordertocollectcontractualcashflows

Thecontractual termsof thefinancialasset representcontractualcashflowsthataresolelypaymentsoftheprincipal and interest..

After initial measurement, such financial assets aresubsequently measured at amortized cost using the effective interest rate method. Amortized costis calculated by taking into account any discount or premium on acquisition and fees or cost that are an integralpartoftheeffectiveinterestrate.Theeffectiveinterestrateamortization is includedasfinance in theprofitandloss.Thelossesarisingfromtheimpairmentarerecognizedinprofitandloss.

Debt Instrument at fair value through Other Comprehensive Income (OCI)

Debtinstrumentwithcontractualcashflowcharacteristicsthat are solely payments are principal and interest and held in a business model whose objective is achieved by both collecting contractual cash flows and sellingfinancialassetsareclassifiedtobemeasuredatFVOCI.

Debt Instrument at fair value through profit and loss (FVTPL)Any debt instrument, which does not meet the criteria for categorization as at amortized cost or as FVOCI, is classifiedasatFVTPL

In addition, the company may elect to classify a debt instrument, which otherwise meets amortized cost or FVCOI criteria, as at FVTPL. However, such selection is allowed only if doing so reduces or eliminates a measurement or recognition inconsistency (referred to as ‘accounting mismatch’)

Debt instruments included within the FVTPL category are measured at fair value with all changes recognized inprofitandloss.

h¡ Š`m|{H$ `o loîR> {~OZog H$m à{Vq~~ h¡ d h‘| CgH$s OmZH$mar àmßV hmoVr h¡ &

A‘yV© bmJV na So>ãQ> XñVmdoO

`{X {ZåZ{bpIV XmoZm| eV} ‘ob ImVr h¡ Vmo hr A‘yV© bmJV na {dËVr` n[ag§n{Îm H$m AmH$bZ {H$`m OmVm h¡ &

n[ag§n{Îm`m| H$mo amoH$Zo Ho$ CÔoí` go AZw~§{YV ZJX àdmh H$mo EH$Ì H$aZo Ho$ {bE ì`mnma ‘m°S>b Ho$ ^rVa {H$`m OmVm h¡ &

{dËVr` n[ag§n{Îm`m| H$s AZw~§{YV eV} Omo g§{dXmË‘H$ ZH$X àdmh H$mo à{V{Z{YËd H$aVr h¡ & do nyU©V: ‘yb d ã`mO Ho$ ^wJVmZ h¡ &

àma§{^H$ AmH$bZ Ho$ níMmV Eogr {dËVr` nag§n{Îm`m| na à^mdr ã`mO Xa nÕ{V AnZmH$a n[aemoYZ bmJV na AmH$bZ {H$`m OmVm h¡ & n[aemoYZ bmJV H$s H$moB© Ny>Q> AWdm YmaU na àr{‘`‘ d ’$sg AWdm bmJV Omo à^mdr ã`mO Xa Ho$ A{^ÝZ A§J h¡ CZH$mo Ü`mZ ‘| aIVo hþE JUZm H$s OmVr h¡ & n[aemoYZ à^mdr ã`mO Xa H$mo bm^ d hm{Z ‘| {dËV Ho$ ê$n ‘| em{‘b {H$`m OmVm h¡ & j{V go CËnÝZ hm{Z H$mo bm^ d hm{Z ‘| ‘mÝ`Vm Xr OmVr h¡ &

AÝ` ì`mnH$ Am` go C{MV ‘yë` na F$U XñVmdoO AZw~§{YV ZH$X àdmh go (AmogrAmB©)

g§{dXmJV ZH$X àdmh Ho$ gmW F$U XñVmdoO H$s {deofVmAm| {OZH$m ‘yb am{e d ã`mO ‘| nyU©V: ^wJVmZ {H$`m J`m h¡ Am¡a {~OZog ‘m°S>b ‘| amoH$m J`m h¡ CZH$m ‘yb CÔoí` AZw~§{YV ZH$X àdmh H$mo EH$Ì H$aZo VWm {dËVr` n[ag§n{Îm`m| H$s {~H«$s XmoZm| Ho$ Ûmam àmßV {H$`m J`m h¡ & E’$drAmogrAmB© na AmH$bZ dJuH¥$V {H$`m J`m h¡ &

bm^ d hm{Z go C{MV ‘yë` na F$U XñVmdoO (E’$drQ>rnrEb)

F$U XñVmdoO Omo n[aemoYZ bmJV na dJuH¥$V bmJV Ho$ ê$n ‘| `m E’$drAmogrAmB© Ho$ ê$n ‘| dJuH$aU Ho$ ‘mZX§S>mo H$mo nyU© Zht H$aVm h¡ CZH$mo E’$drQ>rnrEb ‘| dJuH¥$V {H$`m J`m h¡ &

BgHo$ A{V[aŠV, H§$nZr F$U XñVmdoO H$mo dJuH$aU H$aZo Ho$ {bE Omo E’$drQ>rnrEb na AÝ`Wm n[aemoYZ bmJV AWdm E’$drAmogrAmB© ‘mZX§S> Ho$ AZwHy$b h¡ & VWm{n, `{X KQ>m¡{V AWdm AmH$bZ H$mo {dbwßV H$aZo AWdm ‘mÝ`Vm ‘| ‘ob Z hmo Vmo BgHo$ M`Z H$s AZw‘{V Xr Om gH$Vr h¡ & (boIm {‘g‘¡M Ho$ ê$n ‘| g§X{^©V)

F$U XñVmdoO H$mo E’$drQ>rnrEb Ho$ ^rVa em{‘b loUr H$mo bm^ d hm{Z ‘| ‘mÝ`Vm àmßV g^r n[adV©Zm| go C{MV ‘yë` na AmH$bZ {H$`m J`m h¡ &

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Equity Instruments

All equity instruments in scope of Ind AS 109 are measured at fair value. On initial recognition an equity investment that is not held for trading, the Company may irrevocably elect to present subsequent changes in fair value in OCI. This election is made on an investment-by-investment basis.

Allotherfinancialinstrumentsareclassifiedasmeasuredat FVTPL.

Derecognition of financial asset

A financial asset (or, where applicable, a part offinancial asset or part of a group is similar financialassets) is primarily derecognized (i.e. removed from the Company’s balance sheet) when:

- Therighttoreceivecashflowsfromtheassethaveexpired, or

- The Company has transferred its rights to receive cash flows from the asset or has assumedobligation to pay the received cash flows in thefull without material delay to a third party under a ‘pass-through’ arrangement; and either (a) the company has transferred substantially all the risks and rewards of the asset, or (b) the company has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset

When the Company has transferred its right to receive cashflowsfromanassetorhasentered intoa ‘pass-through’ arrangement, it evaluates if and to what extent it has retained the risk and reward of ownership. When it has neither transferred nor retained substantially all of the risk and rewards of the asset, nor transferred control of the asset, the company continues to recognize the transferred asset to the extent of the Company’s continuing involvement. In that case, the Company also recognizes an associated liability. The transferred asset and associated liability are measured on a basis thatreflectstherightsandobligationthatcompanyhasretained.

Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the company could be required to repay.

On derecognition of a financial asset, the differencebetween the carrying amount of the asset (or the carrying amount allocated to the portion of the asset derecognized) and the sum of (i) the consideration

B{¹$Q>r XñVmdoO

B§S> EEg 109 Ho$ Xm`ao ‘| B{¹$Q>r XñVmdoO H$mo C{MV ‘yë` na AmH$bZ {H$`m J`m h¡ & àma§{^H$ ‘mÝ`Vm na B{¹$Q>r {Zdoe Omo ì`mnm[aH$ Zht h¡, H§$nZr AmogrAmB© ‘| C{MV ‘yë` ‘| hmoZodmbo n[adV©Zm| H$mo àñVwV H$aZo Ho$ {bE An[adV©Zr` ê$n go MwZmd H$a gH$Vr h¡ & `h MwZmd {Zdoe na {Zdoe AmYma na {H$`m Om`oJm &

eof g^r XñVmdoO E’$drQ>rnrEb na AmH$bZ Ho$ AZwgma dJuH¥$V {H$E JE h¡ &

{dËVr` n[ag§n{Îm`m| H$mo A‘mÝ`Vm

{dËVr` n[ag§n{Îm (AWdm, Ohm± bmJy hmo, {dËVr` n[ag§n{Îm H$m ^mJ AWdm g‘yh H$m ^mJ ^r {dËVr` n[ag§n{Îm) H$mo ‘w»` ê$n go A‘mÝ`Vm Xr JB© hmo (`m{Z H§$nZr Ho$ VwbZ-nÌ go {ZH$mbm hþAm) O~

- g‘mßV hmoZodmbr n[ag§n{Îm go ZH$X àdmh àm{á H$m A{YH$ma, AWdm

- H§$nZr Zo n[ag§n{Îm go ZH$X àdmh àmßV H$aZo H$m AnZm A{YH$ma ñWmZm§V[aV {H$`m hmo AWdm "nmg W«w' ì`dñWm Ho$ A§VJ©V Vrgar nmQ>u H$mo A{db§~ ‘Q>r[a`b nyU© ZH$X àm{á H$m ^wJVmZ H$aZo Ho$ {bE Xm{`Ëd J«hU {H$`m hmo, Am¡a `m Vmo (H$) H§$nZr Zo n[ag§n{Îm Ho$ g^r OmopI‘ d [adm°S©>g Ho$ n`m©ßV ê$n go ñWmZm§V[aV H$a {XE hmo, (I) H§$nZr Zo n[ag§n{Îm Ho$ g^r OmopI‘ d [adm°S©>g H$mo n`m©ßV ê$n go Z ñWmZm§V[aV {H$E hmo Am¡a Z hr amoH$H$a aIo JE hmo na§Vw n[ag§n{Îm Ho$ {Z`§ÌU H$mo ñWmZm§V[aV H$a {X`m hmo &

H§$nZr Zo O~ n[ag§n{Îm go ZH$X àdmh àmßV H$aZo H$m A{YH$ma ñWmZm§V[aV H$a {X`m hmo AWdm "nmg W«w' ì`dñWm ‘| à{d{ï> H$s hmo, Vmo `h ‘yë`m§H$Z {H$`m OmVm h¡ {H$ {H$g hX VH$ CgZo ñdm{‘Ëd Ho$ OmopI‘ d [aH$m°S©> H$mo amoH$H$a aIm h¡ & O~ H§$nZr Zo n[ag§n{Îm Ho$ OmopI‘ d [aH$m°S©> H$mo Z Vmo ñWmZm§VaU {H$`m h¡ Am¡a Zm hr n`m©ßV ‘mÌm ‘| amoH$H$a aIm h¢ Am¡a Zm hr n[ag§n{Îm H$m {Z`§ÌU ñWmZm§V[aV {H$`m h¡, Vmo H§$nZr ñWmZm§V[aV n[ag§n{Îm H$mo gVV ê$n go gpå‘{bV H$a ‘mÝ`Vm Xo ahr h¡ & Eogo ‘m‘bo ‘| H§$nZr g§~§Õ Xo`Vm H$mo r ‘mÝ`Vm àXmZ H$a ahr h¡ & ñWmZm§V[aV n[ag§n{Îm VWm g§~§Õ Xo`Vm H$mo CZHo$ A{YH$ma d Am¡{MË` H$s à{VîR>m Ho$ AmYma na AmH$bZ H$a ahr h¡ Omo H§$nZr Zo amoH$s h¡ &$

ñWm§V[aV n[ag§n{Îm na gVV Ow‹S>md Omo Jma§Q>r H$m ê$n boVm h¡ CgH$m n[ag§n{Îm Ho$ ‘yb am{e Ho$ ZrMo AmH$bZ {H$`m OmVm h¡ VWm A{YH$V‘ am{e Xa nwZ: ^wJVmZ H$aZo H$s Amdí`H$Vm h¡ &

{dËVr` n[ag§n{Îm H$s A‘mÝ`Vm na, n[ag§n{Îm H$s dV©‘mZ am{e Ho$ ~rM H$m A§Va (AWdm A‘mÝ`Vm àmßV n[ag§n{Îm Ho$ ^mJ H$m Amd§{Q>V dV©‘mZ ‘yë`) VWm {dMma àmßV ({H$gr ZB© g§n{Îm H$mo H$‘


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received (including any new asset obtained less any new liability assumed) and (ii) any cumulative gain or loss that had been recognized in OCI is recognized in profitorloss.

Impairment of financial assets

The Company assesses on a forward looking basis the expected credit losses associated with its assets carried at amortized cost and FVOCI debt instruments. The impairment methodology applied depends on whether therehasbeenasignificantincreaseincreditrisk.

With regards to trade receivable, the Company applies the simplified approach as permitted by IndAS 109,Financial Instruments, which requires expected lifetime losses to be recognized from the initial recognition of the trade receivables.

Financial LiabilitiesInitial recognition and measurement

Financial liabilities are classified, at initial recognition,asfinancialliabilitiesatfairvaluethroughprofitorloss,amortized cost, as appropriate.

All financial liabilities are recognized initially at fairvalue and, in the case of amortized cost, net of directly attributable transaction costs.

Subsequent measurement

Themeasurementoffinancialliabilitiesdependsotheirclassification,asdescribedbelow:

Financial liabilities measured at amortized cost

After initial recognition, interest bearing loans and borrowings are subsequently measured at amortized cost using the effective interest method. Gains andlosses are recognized in profit or loss when theliabilities are derecognized as well as through the EIR amortization process.

Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or cost thatare integralpartof theeffective interest rate.Theeffectiveinterestrateamortizationisincludedasfinancecostsinthestatementofprofitandloss.

Financial liabilities at fair value through profit or loss (FVTPL)

Financial liabilities at fair value through profit or lossincludefinancialliabilitiesheldfortradingandfinancialliabilities designated upon initial recognition as at fair

go H$‘ H$moB© Zht Xo`Vm H$mo em{‘b H$aVo hþE) VWm (ii) H$moB© g§{MV bm^ AWdm hm{Z {OgH$s AmogrAmB© ‘| nhMmZ H$s JB© h¡ Cgo bm^ AWdm hm{Z ‘| ‘mÝ`Vm Xr JB© h¡ &

{dËVr` n[ag§n{Îm`m| H$s j{V

H§$nZr n[aemo{YV bmJV d E’$drAmogrAmB© F$U XñVmdoOm| na H¡$[aS> n[ag§n{Îm`m| go Ow‹S>r Ano{jV O‘m hm{Z`m| Ho$ AmYma na AmJo ‘yë`m§H$Z H$aVr h¡ & `{X H«o${S>Q> OmopI‘ ‘| {d{eîQ> d¥{Õ hmo Vmo Cg na {Z^©a j{V H$s H$m`©àUmbr bmJy H$s OmVr h¡ &

ì`mnma àmß` Ho$ ~mao ‘|, H§$nZr B§S>EEg 109, Ûmam bmJy gab Ñ{ï>H$moU AnZmVr h¡ Omo {dËVr` XñVmdoO {Og‘| ì`mnma àmß` H$s àma§{^H$ nhMmZ go Ano{jV AmOrdZ hm{Z`m| H$mo ‘mÝ`Vm XoZo H$s Amdí`H$Vm h¡ &

{dËVr` Xo`VmE°§ àma§{^H$ ‘mÝ`Vm Ed§ AmH$bZ

C{MV bm^ AWdm hm{Z, n[aemo{YV bmJV go C{MV ‘yë` na {dËVr` Xo`VmAm| Ho$ AZwgma àma§{^H$ ‘mÝ`Vm na {dËVr` Xo`VmAm| H$mo dJuH¥$V {H$`m OmVm h¡ &

g^r {dËVr` Xo`VmAm| H$mo àma§{^H$ ê$n go C{MV ‘yë` na ‘mÝ`Vm Xr OmVr h¡ VWm n[aemoYZ bmJV Ho$ ‘m‘bo ‘| grYo Amamo{nV Q´mÝOoŠeZ bmJV Ho$ {Zdb na ‘mÝ` {H$`m OmVm h¡ &

VÖ§Va AmH$bZ

{dËVr` Xo`VmAm| H$m AmH$bZ CZHo$ dJuH$aU na {Z^©a hmoVm h¡ Omo {ZåZmZwgma h¡:

n[aemoYZ bmJV na {dËVr` Xo`VmAm| H$m AmH$bZ

àma§{^H$ ‘mÝ`Vm Ho$ níMmV F$U Am¡a CYma na ã`mO H$s à^mdr ã`mO nÕ{V AnZmH$a n[aemoYZ bmJV na AmH$bZ {H$`m OmVm h¡ & bm^ AWdm hm{Z H$mo O~ Xo`VmAm| H$mo A‘mÝ` VWm B© AmB© Ama n[aemo{YV à{H«$`m Ho$ ‘mÜ`‘ go bm^ d hm{Z ‘| ‘mÝ`Vm Xr OmVr h¡ &

n[aemoYZ bmJV H$s Ny>Q> AWdm YmaU H$aZo na àr{‘`‘ d ’$sg AWdm bmJV Omo à^mdr Xa Ho$ A{^ÝZ A§J h¡ CZH$mo Ü`mZ ‘| aIVo hþE JUZm H$s OmVr h¡ & à^mdr ã`mOXa na A‘yV©H$aU H$mo bm^ d hm{Z {ddaUr ‘| {dËVr` bmJV Ho$ ê$n ‘| em{‘b {H$`m OmVm h¡ &

bm^ AWdm hm{Z go C{MV ‘yë` na {dËVr` Xo`VmE°§ (E’$drQ>rnrEb)

Q´oqS>J d {dËVr` Xo`VmAm| hoVw amoH$s JB© {dËVr` Xo`VmAm| ‘| em{‘b bm^ AWdm hm{Z go C{MV ‘yë` na {dËVr` Xo`VmAm| Ho$ bm^ AWdm hm{Z go C{MV ‘yë` na àma§{^H$ ê$n go nhMmZZo Ho$ AZwgma

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value through profit or loss. Financial liabilities areclassifiedasheldfortradingiftheyareincurredforthepurpose of repurchasing in the near term.

Gains and losses on liabilities held for trading are recognizedintheprofitorloss.

Financial liabilities designated upon initial recognition at fairvaluethroughprofitorlossaredesignatedassuchat the initial date of recognition, and only if the criteria inIndAS109aresatisfied.ForliabilitiesdesignatedatFVTPL, fair value gains/losses attributable to changes in own credit risks are recognized in OCI. These gains/loss are not subsequently transferred to P&L. However, the group may transfer the cumulative gain or loss within equity. All other changes in fair value of such liability are recognizedinthestatementofprofitorloss.

Derecognition of financial liabilities

The company derecognizes a financial liability when itscontractual obligations are discharged or cancelled or expire.

Modification of financial assets and financial liabilitiesFinancial Assets

If the terms of a financial asset are modified, thecompany evaluates whether the cash flows of themodifiedassetsaresubsequentlydifferent.Ifthecashflows are subsequently different, then the contractualrights to cash flows from the original financial assetsare deemed to have expired. In this case, the original financial asset is derecognized and a new financialasset is recognized at fair value.

If the cash flows of the modified asset carried atamortizedcostarenotsubstantiallydifferent, then themodification does not result in derecognition of thefinancialasset.Inthiscase,thecompanyrecalculatesthe gross carrying amount of the financial asset andrecognizes the amount arising from adjusting the gross carryingamountasamodificationgainorlossinprofitorloss.Ifsuchamodificationiscarriedoutbecauseoffinancialdifficultiesoftheborrower,thenthegainorlossis presented together with impairment losses. In other cases, it is presented as interest income.

Zm{‘V {H$`m J`m h¡ & {X ZOXrH$s Ad{Y ‘| nwZ: {~H«$s Ho$ bú` Ho$ {bE {H$E JE Q´oqS>J H$a Ho$ AZwgma {dËVr` Xo`VmAm| H$m dJuH$aU {H$`m J`m h¡ &

Q´oqS>J Ho$ {bE H$s JB© Xo`VmAm| na bm^ d hm{Z`m| H$mo bm^ AWdm hm{Z ‘| ‘mÝ`Vm

bm^ AWdm hm{Z Ho$ ‘mÜ`‘ go C{MV ‘yë` na àma§{^H$ ‘mÝ`Vm na Zm{‘V {dËVr` Xo`VmAm| H$mo nhMmZZo H$s àma§{^H$ VmarI Ho$ ê$n ‘| Zm{‘V {H$`m OmVm h¡ Am¡a `{X do Ho$db B§S >EEg 109 ‘| ‘mZX§S> g§VwîQ> hmoVo h¢ & E’$drQ>rnrEb na Zm{‘V Xo`VmAm| hoVw H«o${S>Q> OmopI‘ ‘| n[adV©Z go {H$E JE C{MV ‘yë` na bm^/hm{Z`m± H$mo AmogrAmB© ‘| ‘mÝ`Vm Xr JB© h¡ & VËníMmV BZ bm^/hm{Z H$mo nrE§S>Eb ‘| ñWmZm§VaU Zht {H$`m J`m h¡ & VWm{n J«wn B{¹$Q>r Ho$ ^rVa g§{MV bm^ AWdm hm{Z H$mo ñWmZm§VaU {H$`m Om gH$Vm h¡ & BZ Xo`VmAm| Ho$ C{MV ‘yë` ‘| AÝ` g^r n[adV©Zm| H$mo bm^ AWdm hm{Z H$s {ddaUr ‘| ‘mÝ`Vm Xr JB© h¡ &

{dËVr` Xo`VmAm| H$mo A‘mÝ`

O~ g§{dXmJV Xm{`Ëd {S>ñMmO© AWdm aÔ AWdm g‘mßV {H$E OmVo h¡ Vmo {dËVr` Xo`VmAm| H$mo H§$nZr A‘mÝ` H$aVr h¡ &

[dËVr` n[ag§n{Îm`m| VWm {dËVr` Xo`VmAm| ‘| g§emoYZ

{dËVr` n[ag§n{Îm`m±

`{X {dËVr` n[ag§n{Îm`m| H$m Q>‘© g§emo{YV {H$`m OmVm h¡ Vmo H§$nZr ~VmVr h¡ {H$ g§emo{YV n[ag§n{Îm`m| H$m ZH$X àdmh AbJ h¡ `m Zht& {X ZH$X àdmh AbJ h¡ Vmo ‘yb {dËVr` n[ag§n{Îm`m| go ZH$X àdmh Ho$ g§{dXmJV A{YH$ma g‘mßV g‘Po OmVo h¡ & Bg ‘m‘bo ‘| ‘yb {dËVr` n[ag§n{Îm H$mo A‘mÝ` {H$`m OmVm h¡ VWm ZE {dËVr` n[ag§n{Îm H$mo C{MV ‘yë` na ‘mÝ`Vm Xr OmVr h¡ & `{X n[aemo{YV bmJV na g§emo{YV n[ag§n{Îm Ho$ ZH$X àdmh AbJ Z hmo Vmo {dËVr` n[ag§n{Îm H$mo g§emoYZ Ho$ n[aUm‘ñdê$n A‘mÝ` {H$`m OmVm h¡ &

Bg ‘m‘bo ‘| H§$nZr {dËVr` n[ag§n{Îm H$s gH$b dV©‘mZ am{e H$s nwZ: JUZm H$aVr h¡ VWm gH$b dV©‘mZ am{e Ho$ g‘m`moOZ go CËnÝZ am{e H$mo bm^ AWdm hm{Z ‘| g§emo{YV bm^ AWdm hm{Z Ho$ ê$n ‘| ‘mÝ`Vm XoVr h¡ & Eogo g§emoYZ `{X CYma boZodmbo H$s {dËVr` H${R>ZmB© Ho$ H$maU hþB© h¡ Vmo hm{Z`m| H$s j{V g{hV bm^ d hm{Z àñVwV: H$s OmVr h¡ & AÝ` ‘m‘bm| ‘| ã`mO Am` Ho$ ê$n ‘| àñVwV H$s OmVr h¡ &


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1.21 Cash and Cash equivalents

Cash and cash equivalents include cash on hand, cash at banks, other short term deposits with banks with an original maturity of three months or less and highly liquid investments, that are readily convertible to known amountofcashandwhicharesubject to insignificantrisk of changes in value and Bank overdrafts.

1.22 Trade Receivables

Trade receivables are initially recognized at fair value. Trade receivables for more than 12 months are shown under Non current financial assets and are held atamortized cost, using the effective interest rate (EIR)method, less provision for impairment.

1.23 Trade and Other Payables

These amounts represent liabilities for goods and services provided to the Company prior to the end of financial year which are unpaid. Trade and otherpayables are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognized initially at their fair value and subsequently measured at amortized cost using the EIR method.

1.24 Segment Reporting

Segmentsareidentifiedhavingregardtothedominantsource and nature of risks and returns and internal organization and management structure. The company does not have any geographical and operating segments as per “Ind AS 108- Operating Segments”.

2. Transition to lnd AS

These are the first Financial Statements of theCompany prepared in accordance with Ind AS. The Accountingpoliciessetoutinsignificantaccountingpolicy (Note 1) have been applied in preparing the Financial Statements for the year ended March 31, 2018; the comparative information presented in these Financial statements for the year ended March 31, 2017 and in the preparation of an opening Ind AS Balance sheet as at April 01, 2016 (the date of transition). In preparing its opening Ind AS Balance sheet, the company has adjusted the amounts reported previously in Financial Statements prepared in accordance with the AccountingStandards notified underCompanies(Accounting Standards) Rules,2006 (as amended)and other relevant provisions of the Act (IGAAP). An explanation of how the transition from IGAAP to IndAShasaffectedthefinancialposition,financialperformanceandcashflowsofthecompanyissetout in the following tables and notes:

1.21 amoH$‹S> Ed§ amoH$‹S> g‘H$j

ZH$X Ed§ ZH$X g‘Vwë` {Og‘| H¡$e Am°Z h¢S>, ~¢Šg ‘| H¡$e, ~¢Šg ‘| VrZ ‘mh AWdm Cggo H$‘ AmoarOZb H$s ‘¡À`w[aQ>r Ho$ gmW AÝ` em°Q>© Q>‘© {S>nm°{OQ> VWm hm`br {b{¹$S> {Zdoe Omo ZH$X OmZZo Ho$ {bE AmgmZr go n[adV©Zr` h¡ Am¡a Omo ‘yë` Am¡a ~¢H$ AmodaS´mâQ²g ‘| n[adV©Z Ho$ ‘hËdhrZ OmopI‘ Ho$ AYrZ h¡ &

1.22 ì`mnma àmß`

àma§^ ‘| ì`mnma àmß` H$mo C{MV ‘yë` na ‘mÝ`Vm Xr OmVr h¡ & 12 ‘mh go A{YH$ ì`mnma àmß` H$mo J¡a Mmby {dËVr` n[ag§n{Îm`m| Ho$ A§VJ©V Xem©`o OmVo h¡ Omo hm{Z hoVw àmdYmZ H$s KQ>m¡Vr go à^mdr ã`mO Xa nÕ{V H$m Cn`moJ H$aHo$ n[aemo{YV bmJV na Am`mo{OV {H$`m OmVm h¡ &

1.23 ì`mnma Ed§ AÝ` ^wJVmZ `mo½`

`o am{e`m° {dËVr` df© H$s g‘m{á go nyd© H§$nZr H$mo Xr JB© dñVwAm| d godmAm| Ho$ {bE Xo`VmAm| H$m à{V{Z{YËd H$aVr h¡ {OZH$m wJVmZ Zht {H$`m J`m h¡ & ì`mnma d AÝ` ^wJVmZ `mo½` H$mo Mmby Xo`VmAm| Ho$ ê$n ‘| àñVwV {H$`m J`m h¡ & {OZH$m ^wJVmZ [anmo{Qª>J Ad{Y Ho$ níMmV 12 ‘hrZm| Ho$ ^rVa Xo` Zht h¡ & CZH$mo àma§^ ‘| C{MV ‘yë` na ‘mÝ`Vm Xr JB© h¡ VËníMmV B©AmB©Ama nÕ{V H$m Cn`moJ H$aHo$ n[aemo{YV bmJV na AmH$bZ {H$`m J`m h¡ &

1.24 I§S>dma [anmo{Qª>J

à‘wI ñÌmoV VWm OmopI‘ d [aQ>©Z VWm Am§V[aH$ g§JR>Z d à~§YZ g§aMZm H$s àH¥${V Ho$ g§~§Y ‘| goJ‘|Q²g H$s nhMmZ H$s OmVr h¡& H§$nZr Ho$ nmg H$moB© "'B§S>EEg 108- Am°naoQ> goJ‘|Q>g'' Ho$ AZwgma ^m¡Jmo{bH$ d Am°naoqQ>J goJ‘|Q²g Zht h¡ &

2. B§S>EEg ‘| n[adV©Z

H§$nZr H$s `h nhbr {dËVr` {dda{U`m± h¢ Omo B§S>EEg Ho$ AZwgma V¡`ma H$s JB© h¡ & 31 ‘mM© 2018 H$mo g‘mßV df© Ho$ {bE {dËVr` {dda{U`m± V¡`ma H$aZo ‘| {d{eîQ> boIm Zr{V ‘| {ZYm©[aV boIm§{H$V Zr{V`m| H$mo bmJy {H$`m J`m h¡; 31 ‘mM© 2017 H$mo g‘mßV df© Ho$ {bE BZ {dËVr` {dda{U`m| ‘| VWm 1 Aà¡b 2016 Ho$ Ama§^ go B§S>EEg VwbZ nÌ ‘| VwbZmË‘H$ OmZH$mar àñVwV H$s JB© h¡ & B§S>EEg VwbZ erQ> Ama§^ H$aZo H$s V¡`mar ‘| H§$nZr ‘| H§$nZrO (boIm ‘mZH$) {Z`‘mdbr, 2006 Ho$ A§VJ©V A{Ygy{MV boIm ‘mZH$ Ho$ AZwgma V¡`ma H$s JB© {dËVr` {dda{U`m| ‘| nyd©dV² [anmoQ>© H$s JB© am{e VWm A{Y{Z`‘ Ho$ g§JV AÝ` àmdYmZm| H$mo H§$nZr Zo g‘m`moOZ {H$`m h¡ & AmB©OrEEnr go B§S>EEg ‘| n[adV©Z go H§$nZr H$s {dËVr` pñW{V, {dËVr` H$m`©{ZînmXZ d ZH$X àdmh ‘| hþE à^mdm| H$mo {ZåZ{bpIV Q>o~b d ZmoQ²g ‘| {ZYm©aU {H$`m J`m h¡ &

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(H$) JVdf© J¡n Ed§ B§S>EEg Ho$ ~rM ‘| g‘mYmZ (A) Reconciliations between previous GAAP and Ind AS

{ddaUParticulars

{X. 31 ‘mM©, 2017 H$moAs at 31st March, 2017

{X. 1 E{àb 2016 H$moAs on 01st April, 2016

1. n[ag§n{Îm¶m± Assets

JV df© J¡n PreviousGAAP*

g‘m¶moOZAdjustments

B§S>EEgInd AS

JV df© J¡n Previous GAAP*

g‘m¶moOZ Adjustments

B§S>EEgInd AS

1 J¡a Mmby n[ag§n{Îm¶m± Non Current Assets(H$) g§n{Îm, ßbm§Q> VWm CnH$aU (a) Property, Plant and Equipment

1,911.80 (18.80) 1,893.00 2001.17 (19.03) 1,982.14

(I) ny±OrJV H$m¶© àJ{V na/ (b) Capital Work in Progress

- - - 1.77 - 1.77

(J) {Zdoe g§n{Îm (c) Investment Properties

2,851.56 - 2,851.56 2,912.47 - 2,912.47

(K>) A‘yV© n[ag§n{Îm¶m±(d) Intangible Assets

10.00 - 10.00 14.48 - 14.48

(S>) {dÎmr¶ n[ag§n{Îm¶m± (e) Financial Assets

(i) {Zdoe(i) Investments

0.01 - 0.01 0.01 - 0.01

(ii) ì¶mnma àmß¶(ii) Trade Receivables

- - - -

(iii) F$U(iii) Loans

306.02 - 306.02 311.87 - 311.87

(iv) AÝ¶ {dÎmr¶ n[ag§nÎmr¶m± (iv) Other Financial Assets

174.25 - 174.25 172.13 - 172.13

(Q>) AmñW{JV H$a nag§nÎmr¶m± (f) Deferred Tax Assets

4,906.56 11.59 4,918.15 5,271.11 - 5271.11

(R>>)AÝ¶ J¡a-Mmby n[ag§n{Îm¶m°±/(g) Other non current assets

213.62 0.00 213.62 242.28 - 242.28

Hw$b J¡a-Mmby n[ag§n{Îm¶m±Total Non current Assets

10,373.82 (7.21) 10,366.61 10,927.29 (19.03) 10,908.26

2 Mmby n[ag§n{Îm¶m±Current Assets


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(H$) ‘mb gy{M¶m±(a) Inventories

11,039.17 - 11,039.17 1,34,642.02 - 1,34,642.02

I) {dÎmr¶ n[ag§n{Îm¶m± (b) Financial Assets

(i) {Zdoe(i) Investments

- - -

(ii) ì¶mnma àmß¶(ii) Trade Receivables

10,347,09 - 10,347.09 25,671.05 - 25,671.05

(iii) ZH$X d ZH$X g‘H$j(iii) Cash and Cash Equivalents

459.44 - 459.44 650.69 - 650.69

(iv) ~¢H$ eof Cn¶wº$ (iii)H$mo N>moS>§H$a(iv) Bank Balances other than above

41.90 - 41.90 44.45 - 44.45

(v) F$U (v) Loans

105.25 - 105.25 106.81 - 106.81

(vi) AÝ¶ {dÎmr¶ n[ag§n{Îm¶m±(vi) Other Financial Assets

18.72 - 18.72 23.84 - 23.84

(J) AÝ¶ Mmby n[ag§n{Îm¶m± (c) Other Current Assets

2,98,041.23 - 2,98,041.23 3,34,827.57 - 3,34,827.57

(K) {~H«$s hoVw amoJr JB© dJuH¥$V n[ag§n{Îm¶m± (d) Assets Classifed as Held for Sale

- - - - - -

(S>) Mmby H$a n[ag§n{Îm¶m° (ewÕ) (e)Current Tax Asstes (Net)

1,027.87 - 1,027.87 877.32 - 877.32

Hw$b Mmby n[ag§n{Îm¶m°Total Current Assets

3,21,080.67 - 3,21,080.67 4,96,843.75 - 4,96,843.75

Hw$b g§n{Îm¶m° Total Assets

3,31,454.49 (7.21) 3,31,447.28 5,07,771.04 (19.03) 5,07,752.01

II B{¹$Q>r Ed§ Xo¶VmE± Equity & Liabilities

- -

1 B{¹$Q>r Equity

- -

(H$) B{¹$Q>r eo¶a ny±Or (a) Equity Share Capital

2,500.00 - 2,500.00 2,500.00 - 2,500.00

(I) AÝ¶ B{¹$Q>r (b) Other Equity

25,538.30 435.31 25,527.93 25,065.37 1,784.29 26,459.20

Hw$b B{¹$Q>rTotal Equity

28,038.30 435.31 28,027.93 27,565.37 1,784.29 28,959.20

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2 Xo¶VmE± Liabilities

- -

(i) J¡a-Mmby Xo¶VmE± Noncurrent Liabilities

- -

(H$) {dÎmr¶ Xo¶VmE±(a) Financial Libilities

- -

(i) CYmar/H$O© (i) Borrowings

- - - - - 0

(ii) ì¶mnmar àmß¶(ii) Trade Payables

- - - 0 - 0

(iii) AÝ¶ {dÎmr¶ Xo¶VmE±(iii) Other Financial Liabilities

933.18 - 933.18 860.19 - 860.19

(I) àmdYmZ (b) Provisions

11,852.73 - 12,273.92 11,002.24 - 11,371.09

(J) ApñW{JV H$a Xo¶VmE± (c)DefferedTaxLiabilities

0 -

(K) AÝ¶ J¡a-Mmby Xo¶VmE(d) Other Non Current Liabilities

- - - 0 - 0

Hw$b J¡a-Mmby Xo¶VmE± Total Non Current Liabilities

12,785.91 - 13,207.10 11,862.43 - 12,231.28

(ii) Mmby Xo¶VmE±Current Liabilitles

- - -

(H$) {dÎmr¶ Xo¶VmE°§ (a) Financial Liabilities

- -

(i) CYmar/H$O© (i) Borrowings

2,78,500.00 - 2,78,500.00 4,28,793.07 - 4,28,793.07

(ii) ì¶mnmar àmß¶(ii) Trade Payables

757.62 - 757.62 1594.79 - 1,594.79

(iii) AÝ¶ {dÎmr¶ Xo¶VmE±(iii) Other Financial Liabilities

2,995.07 (442.52) 2,552.55 4,245.42 (422.46) 3,822.96

(I) àmdYmZ (b) Provisions

314.43 - 314.43 1,011.98 - 1,011.98

(J) H$‘©Mmar bm^ ~mÜ¶Vm (c)EmployeesBenefitsObligations

1,684.06 - 1,708.55 2,180.71 (613.59) 1,588.73

(K) gaH$mar AZwXmZ (d) Government Grants

- - - - - 0

(S>) Mmby H$a Xo¶VmE°§ (ewÕ)(e) Current Tax Liabilities (Net) 444.40 - 444.40 587.38 - 587.38


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(N>) AÝ¶ Mmby Xo¶VmE±(f) Other Current Liabilities 5,934.7 - 5,934.70 29,929.89 (767.27) 29,162.62

Hw$b Mmby Xo¶VmETotal Current Liabilities 2,90,630.28 (442.52) 2,90,212.25 4,68,343.24 (1,803.32) 4,66,561.53Hw$b Xo¶VmE± Total Liabilities 3,03,416.19 (442.52) 3,03,419.35 4,80,205.67 (1,803.32) 4,78,792.81Hw$b B{¹$Q>r Ed§ Xo¶VmE± Total Equity and Liabilities 3,31,454.49 (7.21) 3,31.447.28 5,07,771.04 (19.03) 5,07,752.01

*ThepreviousGAAPfigureshavebeenreclassifiedtoconfirmtoIndASpresentationrequirementsforthepurposeofthis note .

(~>) 31 ‘mM© 2017 H$mo g‘mßV hmoZodmbo df© Ho$ {bE Hw$b ¶mVH$ Am¶ H$m g‘mYmZ(B) Reconcilition of Total Comprehensive Income for the year ended March 31, 2017

(é. bmI ‘|)(Rs. in lakh)

{ddaU Partlculars

JV df© J¡n PreviousGAAP*

g‘m¶moOZ Adjustments

B§S>EgEg (31.03.2017)

nwZ: gw{MVlnd As

( 31.03.2017)Restated

B§S>EEg (31.03.2018)

lnd As (31.03.2018)

n[aMmbZ go amOñdRevenue from Operations 1,85,345.80 0.00 1 1,85,345.80 1,39,221.98

AÝ¶ Am¶Other Income 1,111.19 0.00 1,111.19 1,018.44

Hw$b Am¶ (I)Total Income (I) 1,86,456.99 0.00 1,86,456.99 1,40,240.42 ì¶¶ Expenses

Cn^moJ H$s JB© gm‘J«r H$s bmJVCost of Material consumed 17,335.62 0.00 17,335.62 1,31,339.73

(I) ì¶mnma Ho$ {bE ‘mb H$s IarX Purchase of Stock In Trade 5,952.16 0.00 5,952.16 96,343.02

(J) V¡¶ma ‘mb, ì¶mnm[aH$ ñQ>m°H$ VWm à{H«$¶mJV ñQ>m°H$ H$s ‘mb gy{M¶m| ‘| n[adV©ZChanges-inInventoriesoffinishedCoods,W.I.P. Stock In Trade 1,23,211.24 0.00 1,23,211.24 (1,27,365.72)

(K) H$‘©Mmar bm^ ì¶¶EmployeeBenefitExpenses 7,709.38 33.49 7,699.47 9,286.27

{dÎm bmJVFinance Cost 26,456.30 0.00 26,456.30 25,250.63

‘yë¶hmg Am¡a n[aemoYZ ì¶¶Depredation and Amortization Expenses 282.43 0.24 282.19 241.51

AÝ¶ ì¶¶Other Expenses 3,992.65 (1,432.75) 5,425.40 9,603.70

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Hw$b ì¶¶ (II) Totol Expenses (II) 1,84,939.78 (1,399.02) 1,86,362.38 1,44,699.14 AndmXmË‘H$ Am¡a AgmYmaU ‘Xm| go nhbo bm^/(hm{Z) VWm H$a (I-II)Profit (Loss) before exceptional and extraordinary Items and tax (I-II) 1,517.21 1,399.02 94.61 (4,458.72)AndmXmË‘H$ ‘X| ì¶¶/(Am¶)Exceptional items Expense/ (lncome) 0.00 49.12 (49.12) (6,827.11)

H$a go nhbo bm^/(hm{Z)Profit (Loss) before tax 1,517.21 1,349.90 143.73 (2,368.39)H$a ì¶¶ Tax Expense

(H$) dV©‘mZ H$a (a) Current Tax 290.00 0.00 290.00 545.00

(I) AmñW{JV H$a (b) Defferred Tax 364.55 0.00 364.55 889.96

(J) nyd© Ad{Y go g§~§{YV g‘m¶moOZ(c) Adjustment rclatmg to Prior period (55.56) 0.00 (55.56) 0.00

Hw$b H$a ì¶¶Total Tax Expense 598.99 0.00 598.99 1,434.96df© Ho$ {bE bm^/(hm{Z) (H$)Profit/(Loss) for the year (A) 918.22 1,349.90 (455.26) 933.43AÝ¶ ì¶mnH$ Am¶ Other Comprehensive Incomedo ‘X| {OÝh| bm^ ¶m hm{Z Ho$ {b¶o nwZdJuH¥$V Zht {H$¶m Om¶oJm Items that will not be reclassified to profit or loss

- nm[a^m{fV bm^ ¶moOZmAm| H$m nwZ: ‘yë¶m§H$Z - Remeasurementt of the defined benefit plans 0.00 33.49 (65.14) (148.06)

- Am¶H$a H$m à^md- Income Tax Effect 0.00 (11.59) 11.59 69.42

AÝ¶ ì¶mnH$ Am¶ (H$a H$m ewÕ) (I) Other Comprehensive Income (Net ofTax) (B) 0.00 21.90 (53.55) (78.64)Hw$b ì¶mnH$ Am¶ (H$+I) Total Comprehensive lncomc (A + B) 918.22 1,371.60 (508.81) 854.79*ThepreviousGAAPfigureshavebeenreclassifiedtoconfirmtoIndASpresentationrequirementsforthepurposeofthis note.


116

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(H$) 31 ‘mM© 2017 H$mo g‘mßV df© Ho$ {bE ZJXr àdmh Ho$ ~¶mZ Ho$ én ‘| B§S>EEg H$m à^md

(C) Impact of Ind As adoption of the statement of cash flows for the year ended 31 march 2017

(é. bmI ‘|) (Rs. in lakh)

{ddaUPartlculurs

previousGAAP Adjustments Ind AS

n[aMmbZ J{V{dYr¶m| ewÕ ZJX àdmhNetcashflowoperatingactivities 1,75,578.07 1,378.12 1,76,956.19

{Zdoe J{V{dYr¶m| go ewÕ ZJX àdmhNetcashflowfrominvestingactivities 614.89 (597.92) 16.97

{dÎmr¶ J{V{dYr¶m| go ewÕ ZJX àdmhNetcashflowfromfinancingactivities (1,76,378.55) (785.86) (1,77,164.41)

ZJX Ed§ ZJX g‘Vwë¶ ‘| ewÕ ~T>moVar/(KQ>m¡Var)Net increase/(decrease) in cash and cash equivalents (185.59) 5.67 (159.60)

ZJX Ed§ ZJX g‘Vwë¶ 1 E{àb 2016 H$mo Cash and cash equivalents as at 1 April 2016 641.74 (8.95) 650.69

ZJX Ed§ ZJX g‘Vwë¶ 31 ‘mM© 2017 H$moCash and cash equivalents as at 31 March 2017 456.15 3.29 459.44

(A) Exemptions and exceptions availed

In preparing these Ind AS Financial Statements, the Company has availed certain exemptions and exceptions in accordance with Ind AS 101 First time adoption of Indian Accounting Standards, as explainedbelow.Theresultingdifferencebetweenthe carrying values of the assets and liabilities in the financial statements as at the transition dateunder Ind AS and IGAAP have been recognized directly in Equity (retained earnings or another appropriate category of equity). This note explains the adjustments made by the company in restating its IGAAP Financial Statements, including the Balance sheet as at April 01, 2016 and the Financial Statements as at and for the year ended March 31, 2017.

(a) lnd AS optional exemptions

Set out below the applicable Ind AS 101 optional exemptions and mandatory exceptions applied in the transition from IGAAP to Ind AS.

• DeemedCost for property, plant andequipment,investment property and Intangible Assets

IndAS 101 permits a first time adopter to electto continue with the carrying value of all of its property, plant and equipment as recognized in the Financial Statements as at the date of transition to Ind AS, measured under IGAAP and use that as its deemed cost as at the date of transition

H$) [a`m`V d AndmXm| H$m bm^

B§S>EEg {dËVr` {dda{U`m| H$mo V¡`ma H$aZo ‘| H§$nZr Zo ^maVr` boIm ‘mZH$ H$mo nhbr ~ma AnZmZo ‘| B§S> EEg 101 Ho$ AZwgma Hw$N> [a`m`V d AndmX H$m bm^ CR>m`m h¡ Omo {ZåZmZwgma h¡ & B§S>EEg d AmB©OrEEnr Ho$ AYrZ n[adV©Z VmarI na {dËVr` {dda{U`m| ‘| n[ag§n{Îm`m| Ho$ H¡$[a¨J ‘yë`mo VWm Xo`VmAm| Ho$ ~rM n[aUm‘ Ho$ A§Va H$mo grYo B{¹$Q>r ‘| ‘mÝ`Vm Xr JB© h¡ (arQ>|S> AO©Z AWdm B{¹$Q>r H$s AÝ` C{MV loUr) Bg ZmoQ> ‘| 1 Aà¡b 2016 H$mo VwbZ nÌ VWm 31 ‘mM© 2017 H$mo g‘mßV df© Ho$ {bE {dËVr` {dda{U`m| g{hV AmB©OrEEnr {dËVr` {dda{U`m| H$s ar ñQ>oqQ>J ‘| H§$nZr Ûmam {H$E JE g‘m`moOZ H$m ì`m»`mZ {H$`m J`m h¡ &

(H$) B§S>EEg d¡H$pënH$ [a`m`V

B§S>EEg 101 bmJy H$aZo ‘| AmB©OrEEnr go B§S>EEg Q´m§OreZ ‘| d¡H$pënH$ [a`m`V VWm A{Zdm`© AndmX {ZåZmZwgma h¢ &

• g§n{Îm, ßbm§Q> d CnH$aU, {Zdoe H$s JB© g§n{Îm d A‘yV© n[ag§n{Îm`m| H$s S>råS> bmJV

B§S>EEg 101 AmB©OrEEnr Ho$ A§VJ©V AmH$bZ H$s JB©, B§S>EEg ‘| n[adV©Z H$s JB© VmarI go {dËVr` {dda{U`m| ‘| ‘mÝ`Vm {XE AZwgma g§n{Îm, ßbm§Q> d CnH$aU Ho$ g^r H¡$[a¨J ‘yë` H$mo nhbr ~ma AnZmZo H$s AZw‘{V XoVm h¡ VWm S>r H${‘eqZJ XoZXm[a`m| Ho$ {bE Amdí`H$ g‘m`moOZ H$aZo

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after making necessary adjustments for de-commissioning liabilities. This exemption can also be used for intangible assets covered by Ind AS “Intangible Assets” and “Investment Properties” covered by Ind AS 40 ‘Investment Property’. Accordingly, the company has elected to measure all of its property, plant and equipment, Intangible Assets and Investment Properties at their IGAAP carrying value in their Financial Statements.

(b) Ind AS mandatory exceptions

The company has applied the following exceptions from full retrospective application of Ind AS as mandatorily required under Ind AS 101: Estimates

Estimates in accordance with Ind AS as at the transition date will be consistent with estimates made for the same date in accordance with IGAAP(afteradjustmentstoreflectanydifferencein Accounting Policies) unless there is objective evidence that those estimates were in error.

Ind AS estimates as at April 01, 2016 are consistent with the estimates as at the same date made in conformity with IGAAP. The company made estimates for Fair value of Investment Properties in accordance with Ind AS as at the date of transition as it was not required under IGAAP.

Notes to the reconciliations

(a) Investment Property

Under the IGAAP, Land, building or part thereof were not evaluated for currently determined or undetermined future use for classification intoproperty, plant and equipment or Investment property.UnderIndAS,thecompanyhasidentifiedcertain parcels of freehold and Leasehold land, Freehold and leasehold building, railway sidings that are held for a currently undetermined future use. These Investment Properties are required to be separately presented on the face of the Balance sheet. There is no impact on the total equity or profitasaresultofthisadjustment.

(b) Leases

Under IGAAP, leasehold land was accounted under AS 10 – ‘Accounting for Fixed Assets’. Under Ind AS, leasehold land is to be evaluated for operatingorfinanceleaseasperthedefinitionandclassificationcriteriaunderIndAS17.(Refernoteno. 48)

Ho$ níMmV n[adV©Z H$s VmarI go S>råS> bmJV Ho$ AZwgma CgH$m Cn`moJ H$aVm h¡ & B§S>EEg "'A‘yV© n[ag§n{Îm'' ‘| H$dS©> A‘yV© n[ag§n{Îm VWm EEg 40 Ûmam H$dS©> {Zdoe g§n{Îm Ho$ {bE ^r BgH$m AndmX Ho$ ê$n ‘| Cn`moJ {H$`m OmVm h¡& VÖþgma H§$nZr Zo {dËVr` {dda{U`m| ‘| AmB©OrEEnr H¡$[a¨J d¡ë`y na AnZr g§n{Îm, ßbm§Q> d CnH$aU, A‘yV© n[ag§n{Îm`m± VWm {Zdoe H$s JB© g§n{Îm`m| Ho$ AmH$bZ H$mo MwZm h¡ &

(I) B§S>EEg A{Zdm`© AndmX

H§$nZr Zo B§S>EEg 101 Ho$ AYrZ A{Zdm`© ê$n go Amdí`H$ E§S>EEg Ho$ nyU© nyd©ì`mnr AmdoXZ go {ZåZ{bpIV [a`m`Vm| H$m {ZYm©aU {H$`m h¡ : AZw‘mZ

Q´m§OreZ VmarI na B§S>EEg Ho$ AZwgaU ‘| AZw‘mZ, g§JV hm|Jo Omo AZw‘mZ AmB©OrEEnr Ho$ AZwgma Cgr VmarI Ho$ {bE V¡`ma {H$E JE h¡ & (boIm Zr{V`m| ‘| g‘m`moOZ Ho$ níMmV {H$gr ^r A§Va H$mo à{Vq~{~V H$aZo Ho$ {bE) O~ VH$ {H$ gm{~V hmo OmE {H$ do AZw‘mZ JbV Wo &

01 Aà¡b, 2016 H$mo B§S>EEg Ho$ AZw‘m{ZV AZw‘mZ Cgr {XZ H$mo AmB©OrEEnr Ho$ AZwê$n ~ZmE JE AZw‘mZ go g§JV h¢ & H§$nZr Zo B§S>EEg Ho$ AZwgaU ‘| {Zdoe H$s JB© g§n{Îm`m| Ho$ C{MV ‘yë` hoVw AZw‘mZ V¡`ma {H$E h¢ Š`m|{H$ n[adV©Z H$s VmarI na AmB©OrEEnr Ho$ A§VJ©V BZH$s Amdí`H$Vm Zht Wr&

g‘mYmZ Ho$ {bE ZmoQ²g

H$) {Zdoe H$s JB© g§n{Îm

AmB©OrEEnr Ho$ AYrZ b¢S>, {~pëS§>J AWdm {H$gr ^mJ H$s g§n{Îm, ßbm§Q> d CnH$aU AWdm {Zdoe H$s JB© g§n{Îm Ho$ ^rVa dJuH$aU H$m Cn`moJ H$aZo Ho$ {bE dV©‘mZ ‘| {ZYm©aU AWdm A{Z{üV ^{dî` Ho$ {bE BZH$m ‘yë`m§H$Z Zht {H$`m J`m Wm & B§S>EEg Ho$ A§VJ©V H§$nZr Zo dV©‘mZ ‘| A{Z{üV ^{dî` Ho$ Cn`moJ Ho$ {bE {ZYm©[aV ’«$shmoëS> d brOhmoëS> b¢S>, ’«$shmoëS> d brOhmoëS> {~pëS§>J, aobdo gmB©qS>J Ho$ Hw$N> nmg©ëg H$mo nhMmZm h¡ & BZ {Zdoe H$s JB© n[ag§n{Îm`m| H$mo A§{H$V VwbZ nÌ na n¥WH$ ê$n go àñVwV H$aZo H$s Amdí`H$Vm h¡ & Bg g‘m`moOZ Ho$ ’$bñdê$n Hw$b B{¹$Q>r AWdm bm^ na BgH$m H$moB© à^md Zht n‹S>Vm &

I) brOO

AmB©OrEEnr Ho$ AYrZ brOhmoëS> b¢S> H$mo EEg 10 Ho$ A§VJ©V Mb n[ag§n{Îm`m| ‘| boIm§{H$V {H$`m J`m h¡ & B§S>EEg Ho$ AYrZ brOhmoëS> H$mo B§S> EEg 17 Ho$ A§VJ©V n[a^mfm d dJuH¥$V ‘mZX§S> Ho$ AZwgma n[aMmbZ AWdm {dËVr` brO Ho$ {bE ‘yë`m§H$Z {H$`m Om`oJm & (ZmoQ> 48 XoI|)


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(c) Proposed Dividend

Under IGAAP, dividends proposed by the Board of Directors after the Balance sheet date, but before the approval of the Financial Statements were considered as adjusting events. Accordingly, provision for proposed dividends was recognized as a liability. Under Ind AS, such dividends are recognized when the same is approved by the Shareholders in General Meeting. Accordingly, the liability for proposed dividend (including dividend distribution tax) of Rs. 422.46 lakh as at 31st march 2016 and Rs. 270.80 lakh as at 31st March 2017 respectively included in current provisions has been reversed with corresponding adjustment to Retained earnings. Consequently, the total equity has increased by an equivalent amount.

(d) Deferred tax

Under IGAAP, deferred tax accounting was done using the balance sheet approach which focuses ondifferencesbetween thecarryingvalueof theassets. Ind As requires entities to account for deferred taxes using Balance sheet approach whichfocusesonlytemporarydifferencesbetweenthe carrying amount of an asset or liability in the Balance sheet and its tax base.

Deferred tax adjustments are recognized in correlation to the underlying transaction either in retained earnings or Other Comprehensive Income on the date of transition

.(e) Remeasurements of post-employment benefit

obligations Both under IGAAP and Ind AS, the Company

recognised costs related to its post-employment definedbenefitplanonanactuarialbasis.UnderIGAAP, the entire cost, including actuarial gains and losses, are charged to profit or loss. UnderInd AS, Re-measurements comprising of actuarial gains and losses, the effect of the asset ceiling,excluding amounts included in net interest on thenet definedbenefit liability and the returnonplan assets excluding amounts included in net interest on the net defined benefit liability arerecognised immediately in the balance sheet with a corresponding debit or credit to retained earnings through OCI.

J) àñVm{dV bm^m§e

AmB©OrEEnr Ho$ AYrZ VwbZ nÌ Ho$ VmarI Ho$ níMmV naÝVw {dËVr` {dda{U`m| Ho$ AZw‘moXZ go nyd© {ZXoeH$ ‘§S>b Ûmam àñVm{dV bm^m§e H$mo g‘m`moOZ KQ>ZmAm| Ho$ ê$n ‘| ‘mZm J`m h¡ & VÖþgma àñVm{dV bm^m§e Ho$ {bE àmdYmZ H$mo XoZXm[a`m| ‘| ‘mÝ`Vm Xr JB© h¡ & B§S>EEg Ho$ A§VJ©V BZ bm^m§em| H$mo eo`ahmoëS>g© H$s gm‘mÝ` ~¡R>H$ Ho$ AZw‘moXZ na BgH$s ‘mÝ`Vm Xr Ja²B© h¡ & VÖþgma 31 ‘mM© 2016 H$mo 422.46 bmI ê$. H$mo àñVm{dV bm^m§e Ho$ {bE (bm^m§e {dVaU H$a em{‘b H$aHo$) VWm 31 ‘mM© 2017 H$mo H«$‘e: 270.80 bmI ê$. Omo Mmby àmdYmZm| ‘| em{‘b h¢ CÝh| arQ>|S> AO©Z ‘| VËg§~§Yr g‘m`moOZ go à{VdVu {H$`m J`m h¡ & BgHo$ ’$bñdê$n Hw$b B{¹$Q>r ‘| g‘H$j am{e Ûmam d¥{Õ hþB© h¡ &

K) AmñW{JV H$a

AmB©OrEEnr Ho$ AYrZ VwbZ nÌ Ñ{ï>H$moU AnZmVo hþE Omo n[ag§n{Îm H$s H¡$[a¨J ‘yë` Ho$ ~rM A§Va na H|${ÐV h¢, AmñW{JV H$a boIm§{H$V {H$`m J`m h¡ & B§S>EEg VwbZ nÌ H$m Ñ{ï>H$moU AnZmVo hþE AmñW{JV H$am| Ho$ {bE CZ BH$mB©`m| H$s Amdí`H$Vm hmoVr h¡ Omo CgHo$ H$a AmYma ‘| n[ag§n{Îm AWdm Xo`VmAm| Ho$ H¡$[a¨J am{e Ho$ ‘Ü` Ho$db AñWm`r A§Va H|${ÐV H$aVm h¡ &

AmñW{JV H$a g‘m`moOZ H$mo n[adV©Z H$s VmarI na arQ>|S> AO©Z ‘| AWdm AÝ` ì`mnH$ Am` ‘| A§Va{Z{hV boZXoZ Ho$ ghg§~§Y ‘| ‘mÝ`Vm Xr OmVr h¡ &

M) amoOJma Ho$ ~mX bm^ Xm{`Ëd Ho$ nwZ: AmH$bZ

AmB©OrEEnr d B§S>EEg XmoZmo Ho$ AYrZ H§$nZr ~r‘m§{H$H$ AmYma na amoOJma Ho$ níMmV nm[a^m{fV bm^ `moOZm go g§~§{YV ~r‘m§{H$H$ bmJV H$mo ‘mÝ`Vm XoVr h¡ & AmB©OrEEnr Ho$ AYrZ EŠ`w[ab bm^ d hm{Z`m em{‘b H$aHo$ nyU© bmJV bm^ AWdm hm{Z ‘| MmO© H$s OmVr h¡ & B§S>EEg Ho$ AYrZ ~r‘m§{H$H$ bm^ d hm{Z`m±, n[ag§n{Îm grqbJ Ho$ à^md VWm {Zdb n[a^m{fV bm^ Xm{`Ëd VWm n[ag§n{Îm `moOZm na [aQ>Z© ewÕ ã`mO em{‘b am{e H$mo N>mo‹S>H$a AmogrAmB© go arQ>|S> AO©Z ‘| g§~§{YV So>{~Q> AWdm H«o${S>Q> H$aZo Ho$ {bE VwbZ nÌ ‘| Vwa§V ‘mÝ`Vm Xr OmVr h¡ &

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(f) Retained Earnings

Retained earnings as at April 01, 2016 have been adjusted consequent to the above Ind AS transition adjustments.

(g) Other Comprehensive Income

Under Ind AS, all items of income and expense recognized in a period are to be included in the StatementofProfitandLossfortheperiod,unlessa standard requires or permits otherwise. Items of income and expense that are not recognized in profit or loss, but are shown in theStatementofProfitorLossasOtherComprehensiveIncomewhichincludesremeasurementsofdefinedbenefitplans. The concept of Other Comprehensive Income did not exist under IGAAP.

N>) arQ>|S> AO©Z

{XZm§H$ 1 Aà¡b, 2016 H$mo arQ>|S> AO©Z Cn`w©ŠV B§S>EEg Q´m§OreZ g‘m`moOZ Ho$ n[aUm‘ñdê$n g‘m`moOZ {H$`m J`m h¡ &

O) AÝ` ì`mnH$ Am`

B§S>EEg Ho$ AYrZ O~ VH$ {H$gr ‘mZH$ H$mo AÝ`Wm Amdí`H$ `m AZw‘{V Zht Xr OmVr Cg Ad{Y ‘| ‘mÝ`Vm àmßV g^r Am` d ì`` Ho$ ‘Xm| H$moCgr Ad{Y Ho$ {bE bm^ d hm{Z {ddaUr ‘| em{‘b {H$`m OmVm h¡ & Am` d ì`` Ho$ ‘Xm| H$mo {OZH$mo bm^ d hm{Z ‘| ‘mÝ`Vm Zht Xr JB© h¡ ~pëH$ AÝ` ì`mnH$ Am` Ho$ ê$n ‘| Omo n[a^m{fV bm^ `moOZm Ho$ nwZ:AmH$bZ ‘| em{‘b h¡ CÝh| bm^ AWdm hm{Z H$s {ddaUr ‘| Xem©`m J`m h¡ & AmB©OrEEnr Ho$ AYrZ AÝ` ì`mnH$ Am` H$s AdYmaUm Bg‘| ‘m¡OyX Zht h¡ &


120

^m.H.{Z.

C.C.I.

ZmoQ> 3 (H$) àm°nQ>u, ßbmÝQ> Ed§ Bp³dn‘|Q> Note 3 - (A) Property, plant and Equipment (ê$n`o bmI ‘|) (Rs. in lakh)

{ddaUParticulars

Gro

ss c

arry

ing

valu

e as

at

01.0

4.20

17

Addi

tions

Dis

posa

l/ Ad

ijust

men

t

Gro

ss c

arry

ing

valu

e as

at

31.0

3.20

18

Accu

mul

ated

de

prec

iatio

n as

at

01.

04.2

017

Addi

tion

Dis

posa

l/ Ad

ijust

men

t

Accu

mul

ated

de

prec

iatio

n as

at

31.

03.2

018

Net

car

ryin

g va

lue

as a

t 31

.03.

2018

^yI§S> (nyU© ñdm{‘Ëd)Land (Free hold) 126.23 - - 126.23 - - - - 126.23

^yI§S> (nÅ>o na)Land (Lease hold) 59.32 - - 59.32 0.83 0.83 - 1.66 57.66

^dZ (nyU© ñdm{‘Ëd)Building (free hold)* 983.51 - 24.38 959.13 20.60 19.95 0.65 39.90 919.23

^dZ (nÅ>o na)Building (lease hold) 88.03 - - 88.03 1.16 1.16 - 2.32 85.71

aoëdo gmB©qS>JRailway Siding - - - - - - - - -

EAa H§$S>reZ g§¶§Ì Air Condition Plant 13.83 - - 13.83 - - - - 13.83

{dÚwV g§ñWmnZ {bâQ> Ed§ EbrdoQ>©g Electrical instalation Lifts and elevators 118.54 - - 118.54 13.89 14.79 - 28.68 89.86

à¶moJembm CnH$aULab Equipment 38.70 4.00 0.27 42.43 6.06 8.02 - 14.08 28.35

H§$ß¶yQ>a CnH$aUComputer Equipment 303.10 22.99 0.95 325.14 102.65 69.12 (1.59) 173.36 151.78

’$ZrMa Ed§ {’$³gMg©Furniture and Fixtures 99.88 20.67 1.55 119.00 18.19 16.13 0.30 34.02 84.98

dmhZ/Vehicles 157.51 27.95 3.02 182.44 24.81 21.21 (7.26) 53.28 129.16

H$m¶m©b¶ CnH$aU OfficeEquipments 111.45 18.05 4.49 125.02 18.92 22.71 0.01 41.62 83.40

2,100.11 93.66 34.66 2,159.11 207.11 173.92 (7.89) 388.92 1,770.19

{ddaUParticulars

Dee

med

cos

t as

at 0

1.04

.201

6

Addi

tions

Dis

posa

l/ Ad

ijust

men

t

Gro

ss c

arry

ing

valu

e as

at

31.0

3.20

17

Accu

mul

ated

de

prec

iatio

n as

at

01.0

4.20

16

Addi

tion

Dis

posa

l/ Ad

ijust

men

t

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mul

ated

de

prec

iatio

n as

at

31.0

3.20

17

Net

car

ryin

g va

lue

as a

t 31.

03.2

017

^yI§S> (nyU© ñdm{‘Ëd)Land (Free hold) 126.23 - - 126.23 - - - - 126.23

^yI§S> (nÅ>o na)Land (Lease hold) 59.32 - - 59.32 - 0.83 - 0.83 58.49

^dZ (nyU© ñdm{‘Ëd)Building (freehold)* 933.51 - - 983.51 - 20.60 - 20.60 962.91

48 dt dm{f©H$ [anmoQ>© 2017-18

121


^m.H.{Z.

C.C.I.

^dZ (nÅ>o na)Building (leasehold) 88.03 - - 88.03 - 1.16 - 1.16 86.87

aoëdo gmB©qS>JRailway Siding - - - - - - - - -

EAa H§$S>reZ g§¶§ÌAir codition Plant 13.83 - - 13.83 - - - - 13.83

{dÚwV g§ñWmnZ {bâQ> Ed§ EbrdoQ>©g Electrical instalation Lifts and elevators 103.15 15.39 - 118.54 - 13.89 - 13.89 104.65

à¶moJembm CnH$aULab Equipment 35.23 3.48 0.01 38.70 - 6.06 - 6.06 32.64

H§$ß¶yQ>a CnH$aUComputer Equipment 272.27 31.67 0.84 303.10 - 102.65 - 102.65 200.45

’$ZrMa Ed§ {’$³gMg©Furniture and Fixtures 91.12 8.77 0.01 99.88 - 18.19 - 18.19 81.69

dmhZ/Vehicles 152.28 6.44 1.21 157051 - 24.81 - 24.81 132.70

H$m¶m©b¶ CnH$aU OficeEquipments 57.17 56.80 2.51 111.46 - 19.37 0.45 18.92 92.54

1,982.14 122.55 4.58 2,100.11 - 207.56 0.45 207.11 1,893.00ZmoQ> 3 (I)- ny±Or H$m¶© àJVr naNote 3 (B) - Capital Work In Progress

{ddaUParticulars

2017-18 2016-17

Balence as at

April 1, 2017

Addition/ Adjustments during the

year

Capitalized during

the year

Balence as at

March 31, 2018

Balence as at

April 1, 2016

Addition/ Adjustments during the

year

Capitalized during

the year

Balence as at

March 31, 2017

^dZ (nyU© ñdm{‘Ëd)Building (freehold) - 1.74 - 1.74 - - - -

à¶moJembm CnH$aULab Equipment - - - - 1.77 - 1.77 -

Hw$b/Total - 1.74 - 1.74 1.77 - 1.77 -ZmoQ> 3 (J) - {dH«$¶ Ho$ {bE dJuH¥$V H$s JB© g§nÎmrNote 3 (C) Assets classified as held for sale

{ddaUParticulars G

ross

ca

rryin

g va

lue

as a

t 01

.04.

2017

Addi

tions

Dis

posa

l/ Ad

ijust

men

t

Gro

ss

carry

ing

valu

e as

at

31.0

3.20

18

Accu

mul

ated

de

prec

iatio

n as

at

01.0

4.20

17

Addi

tion

Dis

posa

l/ Ad

ijust

men

t

Accu

mul

ated

de

prec

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n as

at

31.0

3.20

18

Net

car

ryin

g va

lue

as a

t 31

.03.

2018

^dZ (nyU© ñdm{‘Ëd)Building (freehold) 24.38 - 24.38 0.65 0.65 - 1.30 23.08

- 24.38 - 24.38 0.65 0.65 - 1.30 23.08


122

^m.H.{Z.

C.C.I.

ZmoQ> 4 : {Zdoe g§n{Îm 31 ‘mM©, 2018 H$mo g‘má df© Ho$ {bE

{ddaU ê$nò bmI ‘|

gH$b H¡$[a¨J am{e

01.04.2017 H$mo gH$b H¡$[a¨J am{e 2,912.47

d¥{Õ -

{ZnQ>mZ -

31.03.2018 H$mo gH$b H¡$[a¨J ‘yë` 2,912.47

01.04.2017 H$mo g§{MV ‘yë`ömg 60.91

OmoS> 60.91

{ZnQ>mZ -

31.03.2018 H$mo g§{MV ‘yë`ömg 121.82

31.03.2018 H$mo ewÕ H¡$[a¨J ‘yë` 2,790.65

31.03.2018 H$mo g‘mßV df©

{ddaU ê$nò bmI ‘|

01.04.2016 H$mo S>råS> bmJV 2,912.47

d¥{Õ -

{ZnQ>mZ -

31.03.2017 H$mo gH$b H¡$[a¨J ‘yë` 2,912.47

01.04.2016 H$mo g§{MV ‘yë`ömg -

d¥{Õ> 60.91

{ZnQ>mZ -

31.03.2017 H$mo g§{MV ‘yë`ömg 60.91

31.03.2017 H$mo ewÕ H¡$[a¨J ‘yë` 2,851.56

01.04.2016 H$mo ewÕ H¡$[a¨J ‘yë` 2,912.47

{Zdoe g§n{Îm`m| go g§~§{YV am{e {Ogo bm^ AWdm hm{Z ‘| em{‘b {H$`m J`m h¡ & Amounts recognized In Profit and loss for Investment properties (é. bmI ‘|) (Rs. in Lakh)

{ddaUParticulars

31 ‘mM©, 201831st March 2018

31 ‘mM©, 2017 31st March 2017

{H$amò go Am` Rental income 856.78 700.58g§n{Îm go g§~§{YV àË`j n[aMmbZ ì`` {Oggo {H$am`m Am` H$‘mB© JB© &Direct Operating expenses on properties that generated rental income 68.60 37.16g§n{Îm go g§~§{YV àË`j n[aMmbZ ì`` {Oggo {H$am`m Am` Z H$‘mB© JB© &Direct Operating expenses on properties that did not generate rental income 6.61 6.40‘yë`ömg go nyd© {Zdoe n[ag§n{Îm`m| go bm^ Profit from Investment properties before depreciation 781.57 657.02‘yë`ömgDepreciation 60.91 60.91{Zdoe g§n{Îm`m| go bm^Profit from Investment Properties 720.66 596.11

Particulars Rs. in lakh

Gross Carrying amountGross Carrying amount as at 01.04.2017 2,912.47Additions -Disposals -Gross Carrying value as on 31.03.2018 2,912.47Accumulated depreciation as at 01.04.2017 60.91Additions 60.91Disposals -Accumulated dep,..clation as at 31.03.2018 121.82Net Carrying value as on 31.03.2018 2,790.65

Year ended 31st march 2018

Particulars Rs. in lakh

Deemed cost as at 01.04.2016 2,912.47Additions -Disposals -Gross Carrying value as on 31.03.2017 2,912.47Accumulated depreciation as at 01.04.2016 -Additions 60.91Disposals -Accumulated depreciation as at 31.03.2017 60.91Net Carrying value as on 31.03.2017 2,851.56Net Carrying value as at 01.04.2016 2,912.47

Note 4 : Investment PropertiesYear ended 31st March, 2018

48 dt dm{f©H$ [anmoQ>© 2017-18

123


^m.H.{Z.

C.C.I.

{Zdoe g§n{Îm Ho$ àH$Q>Z H$m C{MV ‘yë` :Falr Value Disclosure of Investment Property

{Zdoe g§n{Îm`m| H$m ‘yë`m§H$Z bmJV ‘m°S>b Ho$ AZwgma {H$`m J`m h¡ & H§$nZr Zo AnZo {Zdoe Ho$ {bE ñdV§Ì d¡ë`ydoeZ H$mo àmßV {H$`m h¡ VWm ñdV§Ì AZw‘mo{XV ‘yë` {ZYm©aH$m| Ûmam {bE JE ‘yë`m§H$Z Ho$ AmYma na C{MV ‘yë` àmßV {H$`m h¡ & C{MV ‘yë` H$m VwbZmË‘H$ ‘mH}$Q> AàmoM H$m à`moJ H$aVo hþE {ZYm©aU {H$`m J`m h¡ & ñdV§Ì d¡ë`wAg© Ûmam {ZYm©[aV {Zdoe g§n{Îm`m| H$m C{MV ‘yë` {ZåZmZwgma h¡:-

The investment properties have been measured following cost model. The company has obtained independent valuations for lts investment properties and fair values have been arrived on the basis of valuation carried out by Independent approved valuers. The fair value has been determinled using the comparable market approach. Fair value of invesment properties determined by independent valuers are as follows:

(é. bmI ‘|) (Rs. in Lakh)

{ddaU Particulars

g§n{Îm H$m dJuH$aU Classification of

property

31 ‘mM©, 2018

H$mo As at 31st

March, 2018

31 ‘mM©, 2017

H$mo

As at 31stMarch, 2017

01 Aà¡b, 2016

H$mo As at 01st April, 2016

H$mobH$mVm H$s g§n{Îm

Property at Kolkata

H$m`m©b` n[aga

OfficePremises442.17 416.16 390.15

B§Xm¡a H$s g§n{Îm Property al Indore

H$m`m©b` n[agaOfficePremises

397.50 373.77 344.10

{gagm H$s g§n{Îm Property at Sirsa

H$m`m©b` n[aga OfficePremises

39.31 40.20 41.09

gr~rS>r ~obmnwa, Zdr ‘w§~B© H$s g§n{Îm Property at CBD Belapur. Navi Mumbai

H$m`m©b` n[aga OfficePremises

4.686.60 4.482.77 4,361.99

H$b§~mobr, Zdr ‘w§~B© H$s g§n{Îm Property at kalamboli, Navi Mumbai

do`a hmD$g H$månb¡Šg Werehouse Complex

13,933.72 13,289.34 12,644.96

Note 5 : Intangible AssetsZmoQ> 5 : A‘yV© g§n{Îm`m± Year ended 31st March 2018 31 ‘mM©, 2018 H$mo g‘mßV df© Ho$ {bE

(é. bmI ‘|) (Rs. in Lakh) {ddaU

Particulars H§$ß`yQ>a/ gmâQ>do`a

Computer SoftwareHw$b

Total

01.04.2017 H$mo gH$b H¡$[a¨J am{e Gross carrying amount as at 01.04.2017 25.13 25.13d¥{Õ Additions 0.75 0.75{ZnQ>mZ /g‘m`moOZ Disposals/ Adjustment - -31.03.2018 H$mo gH$b H¡$[a¨J ‘yë`Gross carrying amount 31.03.2018 25.88 25.8801.04.2016 H$mo g§{MV A‘moQ>m©BOoeZ Accumulated Amortization as at 01.04.2017 15.13 15.13d¥{Õ Additions 6.04 6.04{ZnQ>mZ /g‘m`moOZ Disposals/ Adjustment - -


124

^m.H.{Z.

C.C.I.

31.03.2018 H$mo g§{MV A‘moQ>m©BOoeZ/Bånoà‘|QAccumulated Amortization Impairment as at 31.03.2018 21.17 21.1731.03.2018 H$mo ewÕ H¡$[a¨J am{e Net carrying Amount as at 31.03.2018 4.71 4.71

31 ‘mM©, 2017 H$mo g‘mßV df© Ho$ {bEYear ended 31st March 2017 (é. bmI ‘|) (Rs. in Lakh)

{ddaU Particulars

H§$ß`yQ>a/ gmâQ>doà Computer Software

Hw$b Total

01.04.2016 H$mo S>råS> bmJVDeemed cost as at 01.04.2016

14.48 14.48

d¥{Õ Additions

11.13 11.13

{ZnQ>mZ /g‘m`moOZ Disposals/ Adjustment

0.48 0.48

31.03.2017 H$mo gH$b H¡$[a¨J ‘yë`Gross carrying amount 31.03.2017

25.13 25.13

01.04.2016 H$mo g§{MV A‘moQ>m©BOoeZ Accumulated Amortization as at 01.04.2016

- -

d¥{Õ Additions

15.13 15.13

{ZnQ>mZ /g‘m`moOZ Disposals/ Adjustment

- -

31.03.2017 H$mo g§{MV A‘moQ>m©BOoeZ/Bånoà‘|Q>Accumulated Amortization Impairment as at 31.03.2017

15.13 15.13

31.03.2017 H$mo ewÕ H¡$[a¨J am{e Net carrying Amount as at 31.03.2017

10.00 10.00

01.04.2016 H$mo ewÕ H¡$[a¨J ‘yë`Net carrying Value as at 01.04.2016

14.48 14.48

ZmoQ>- 6 : {ZdoeNote-6 : Investments (é. bmI ‘|) (Rs. in Lakh)

{ddaU Particulars

31 ‘mM©, 2018 H$mo As at 31st

March, 2018

31 ‘mM©, 2017 H$moAs at 31st

March, 2017

01 Aà¡b, 2016 H$mo As at 01st April,

2016H$. J¡a Mmby A. Non currentB{¹$Q>r BñQ´`y‘|Q²g ‘| {Zdoe (J¡a-CÕ¥V) lnvtatment in Equity instrument (Unquoted) 5.00 5.00 5.00KQ>mBò {Zdoe Ho$ ‘yë` ‘| j{V less : Impaiment in value of investment (4.99) (4.99) (4.99)I. Mmby B. Current {Zdoe Investment - - -Hw$b (H$+I) Total(A+B) 0.01 0.01 0.01

48 dt dm{f©H$ [anmoQ>© 2017-18

125


^m.H.{Z.

C.C.I.

ZmoQ> - 7 : àmß` ì`mnma Note - 7 : Trade Receivables

(é. bmI ‘|) (Rs. in Lakh)

{ddaU Particulars

31 ‘mM©, 2018 H$mo As at 31st

March, 2018

31 ‘mM©, 2017 H$mo

As at 31stMarch, 2017

01 Aà¡b, 2016 H$mo As at 01st April,

2016

H$. J¡a MmbyA. NON-CURRENT(i) g§~§{YV nm{Q©>`m| go ì`mnma àmß`(I) Trade Recelvtbles from related partiesgwa{jV, emoÜ` ‘mZo JE Seceured, considered Good

- - -

Agwa{jV, emoÜ` ‘mZo JE Unsecured, consldered good

- - -

g§{X½Y Doubtful

- - -

KQ>mB©E- g§{X½Y F$Um| H$s ñdrH$m`©Vm Less : Allowences for doubtful debts

- - -

Cn-`moJ Sub-Total

- - -

(I) AÝ` ì`mnma àmß`(I) Other Trade Receivables

- - -

H$) gwa{jV, emoÜ` ‘mZo JE a) Secured, considered Good

- - -

I) Agwa{jV, emoÜ` ‘mZo JEb) Unsecured, considered good

- - -

J) g§{X½Y c) Doubtful

1,405.98 1,738.10 1,732.54

KQ>mB©E- g§{X½Y F$Um| H$s ñdrH$m`©Vm Less : Alowances for doubtful debts

(1,405.98) (1,738.10) (1,732.54)

Cn-`moJ Sub-Total

- - -

Hw$b (H$) Total (A)

- - -

I. Mmby B. CURRENT(I) g§~§{YV nm{Q©>`m| go àmß` ì`mnma (I) Trade Receivable from releted parties

- - -

gwa{jV, emoÜ` ‘mZo JE Secured, considered Good

- - -

Agwa{jV, emoÜ` ‘mZo JE Unsecured, considered Good

- - -

g§{X½Y Doubtful

- - -


- - -


126

^m.H.{Z.

C.C.I.

Cn-`moJ Sub-Total

- - -

(I) AÝ` ì`mnma àmß`(I) Other trade Receivable

- - -

H$) gwa{jV, emoÜ` ‘mZo JE a) Secured, considered Good

- - -

I) Agwa{jV, emoÜ` ‘mZo JE b) Unsecured, considered Good

27,267.34 10,374.09 25,671.05

J) g§{X½Y c)Doubtful

- - -


- - -

Cn-`moJ Sub-Total

27,267.34 10,374.09 25,671.05

Hw$b (I) Total (B)

27,267.34 10,347.09 25,671.05

Movement in allowances for bad and doubtful debt:AemoÜ` g§{X½Y F$Um| H$s ñdrH$m`©Vm ‘| AnZmB© JB© à{H«$`m (é. bmI ‘|)(Rs. in Lakh)

Particulars{ddaU

31st March 201831 ‘mM©, 2018 H$mo

31st March 201731 ‘mM©, 2017 H$mo

1st April 201601 Aàob 2016 H$mo

Balance at the beginning of the yeardf© Ho$ Ama§^ ‘| eof

1,738.10 1,732.54 1,694,42

Impairment Losses/Provision during the year recogniseddf© Ho$ Xm¡amZ ‘mZr JB© hm{Z`m± / àmdYmZ

1.56 5.56 41.87

Amountwrittenoffduringtheyeardf© Ho$ Xm¡amZ ~Å>o ImVo ‘| S>mbr JB© am{e

333.68 - 3.75

Amounts recovered during the yeardf© Ho$ Xm¡amZ dgyb H$s JB© am{e

- - -

Balance at the end of the yeardf© Ho$ A§V ‘| eof

1,405.98 1,738.10 1,732.54

Note 8 : LoansZmoQ> 8 : F$U (é. bmI ‘|)(Rs. in Lakh)

Particulars{ddaU

31st March 201831 ‘mM©, 2018 H$mo

31st March 201731 ‘mM©, 2017 H$mo


CurrentMmby

Non-CurrentJ¡a-Mmby

CurrentMmby

Non-currentJ¡a-Mmby

CurrentMmby


Secured (considered good)gwa{jV (emoÜ` ‘mZo JE )

Loans to Related Parties/Directorsg§~§{YV nm{Q©>`m|/{ZXoeH$m| H$mo {XE JE F$U

4.24 - 5.76 4.24 - -

Loans to EmployeesH$‘©Mm[a`m| H$mo {XE JE F$U

45.06 209.13 49.53 232.10 57.80 241.90

48 dt dm{f©H$ [anmoQ>© 2017-18

127


^m.H.{Z.

C.C.I.

OthersAÝ`

Sub-TotalCn-`moJ

49.30 209.13 55.29 236.34 57.80 241.90

Unsecured (Considered good)Agwa{jV (emoÜ` ‘mZo JE )

Loans to Related Parties/Directorsg§~§{YV nm{Q©>`m|/{ZXoeH$m| H$mo {XE JE F$U

- - - - - -

Loans to EmployeesH$‘©Mm[a`m| H$mo {XE JE F$U

46.54 66.15 49.96 69.68 49.01 69.97

OthersAÝ`

Sub- TotalCn-`moJ

46.54 66.15 49.96 69.68 49.01 69.97

Unsecured (doubtful)Agwa{jV (g§{X½Y)

Loans to Directors{ZXoeH$m| H$mo {XE JE F$U

- - - - - -

Lans to EmployeesH$‘©Mm[a`m| H$mo {XE JE F$U

- 1.25 - 1.25 - 1.25

Others Loans and AdvanceAÝ` H$mo {XE JE F$U Ed§ A{J«‘

- 31.94 - 31.94 - 48.37

Less : Allowance for bad and doubtful loansKQ>mB`o- eoÜ` g§{X½Y F$Um| H$s ñdrH$m`©Vm

- (33.19) - (33.19) - (49.62)

Sub-TotalCn-`moJ

- - - - - -

TotalHw$b

95.84 275.28 105.25 306.02 106.81 311.87

’y$Q> ZmoQ> :

g§~§{YV nm{Q©>`m| H$mo ‘mH}$Q> aoQ> na F$U Am¡a A{J«‘ {XE JE h¡ Bg{bE Eogo F$U Am¡a A{J«‘m| na H¡$[a¨J am{e CgHo$ C{MV ‘yë` Ho$ g‘Vwë` h¡ & My±{H$ ‘mn Ho$ à^md

gmahrZ h¡ Bg{bE H$‘©Mm[a`m| H$mo {XE JE F$U Am¡a A{J«‘ {nN>bo OrEEnr ‘yë` na {Za§Va Omar h¢ &

Foot Note :Loans & advances given to related parties are at market rate, therefore the carrying amount of such loans & advances areequaltotheirfairvalue.Staffloans&advancescontinuetobecarryingatpreviousGAAPvalueasmeasurementimpact is immaterial.


128

^m.H.{Z.

C.C.I.

Note 9 : Other Financial AssetsZmoQ> 9 : AÝ` {dËVr` n[ag§n{Îm`m± (é. bmI ‘|)(Rs. in Lakh)

Particulars{ddaU

31st March 201831 ‘mM©, 2018 H$mo

31st March 201731 ‘mM©, 2017 H$mo


CurrentMmby

Non-CurrentJ¡a-Mmby

CurrentMmby


CurrentMmby


Bank Deposits with more than 12 months maturity12 ‘hrZo go A{YH$ n[anŠdVm dmbo ~¢H$ {S>nm{OQ²g

- - - - - -

Other AdvancesAÝ` A{J«‘

Interest accrued due/not due on{ZåZ{bpIV na CËnÝZ Xo`/AXo` ã`mO

Term Depositesgmd{YH$ O‘m am{e

- - - - 0.41 -

Loan to Related Partiesg§~§{YV nm{Q©>`m| H$mo {XE JE F$U

0.83 - - 0.02 0.01 -

Loan to EmployeesH$‘©Mm[a`m| H$mo {XE JE F$U

17.85 171.32 18.72 174.23 23.42 172.13

Loan to OthersAÝ` H$mo {XE JE F$U

TotalHw$b

18.68 171.32 18.72 174.25 23.84 172.13

Note 10 : Deffered Tax AssetsZmoQ> 10 : AmñW{JV H$a n[ag§n{Îm`m§ (é. bmI ‘|)(Rs. in Lakh)

Particulars{ddaU

31st March 201831 ‘mM©, 2018 H$mo

31st March 201731 ‘mM©, 2017 H$mo


Deffered Tax LiabilityAmñW{JV H$a Xo`Vm

Plant Property Equipments, Assets Held for Sale, Investment Property & Intagible Assets ßbm§Q>, g§n{Îm, CnH$aU, {~H«$s Ho$ {bE aIr JB© g§n{Îm`m§, {Zdoe g§n{Îm Ed§ A‘yV© g§n{Îm`m§ 845.59 809.63 805.44Sub-TotalCn-`moJ 845.59 809.63 805.44

DefferedTaxAsstesAmñW{JV H$a n[ag§n{Îm`m§

Carried Forwarded Losses & Depreciationi) hm{Z Am¡a ‘yë`ömg AmJo bm`m J`m 1,176.53 - -Disallowance Under the Income Tax Actii) Am`H$a A{Y{Z`‘ Ho$ A§VJ©V Zm‘§Oya 2,427.23 4,354.91 4,710.21Provision for Doubtful Debts and advancesiii) g§{X½Y F$Um| Ed§ A{J«‘m|Ho$ {bE àmdYmZ 502.90 613.01 618.07

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Provision for Dimnution Value of Investmentiv) {Zdoe ‘yë` ‘| H$‘r Ho$ {bE àmdYmZ 1.74 1.73 1.73ProvisionforBufferStocklossesReceivablev) àmß` ~’$a ñQ>m°H$ hm{Z Ho$ {bE àmdYmZ 753.79 746.54 746.54Remeasurementsofthedefinedbenifitplansvi) n[a^m{fV bm^ `moOZm Ho$ nwZ: ‘yë`m§H$Z 81.01 11.59 -Sub-TotalCn-`moJ 4,943.20 5,727.78 6,076.55Deferred Tax Assets (Net)AmñW{JV H$a n[ag§n{Îm`m§ (ewÕ) 4,097.61 4,918.15 5,271.11

Movement in deffered tax balances during the yeardf© Ho$ Xm¡amZ AmñW{JV H$a eof Ho$ {bE AnZm`r JB© à{H«$`m : (Rs. in Lakh)(én¶o bmI ‘|)

Particulars{ddaU

Balance as at 31st March

201731 ‘mM©, 2017

H$mo eof

Recognised in Statement

of Profit & Loss

bm^ d hm{Z {ddaUr ‘| em{‘b

Adjustmentsg‘m`moOZ


201831 ‘mM©, 2018

H$mo eof


Plant Property Equipments, Assets Held for Sale, Investment Property & Intagible Assets ßbm§Q>, g§n{Îm, CnH$aU, {~H«$s Ho$ {bE aIr JB© g§n{Îm`m§, {Zdoe g§n{Îm Ed§ A‘yV© g§n{Îm`m§ 809.63 35.97 - 845.60Sub-TotalCn-`moJ 809.63 35.97 - 845.60

Deffered Tax Asstes AmñW{JV H$a n[ag§n{Îm`m§

Carried Forwarded Losses & Depreciationi) hm{Z Am¡a ‘yë`ömg AmJo bm`m J`m - 1,176.53 - 1,176.53Disallowance Under the Income Tax Actii) Am`H$a A{Y{Z`‘ Ho$ A§VJ©V Zm‘§Oya 4,354.91 (1927.67) - 2427.24Provision for Doubtful Debts and advancesiii) g§{X½Y F$Um| Ho$ {bE àmdYmZ 613.01 (110.10) - 502.91Provision for Dimnution Value of Investmentiv) {Zdoe ‘yë` ‘| H$‘r Ho$ {bE àmdYmZ 1.73 0.01 - 1.74ProvisionforBufferStocklossesReceivablev) àmß` ~’$a ñQ>m°H$ hm{Z Ho$ {bE àmdYmZ 746.54 7.25 - 753.79Remeasurementsofthedefinedbenifitplansvi) n[a^m{fV bm^ `moOZm Ho$ nwZ: ‘yë`m§H$Z 11.59 69.42 - 81.09Sub-TotalCn-`moJ 5,727.78 (784.56) - 4,943.22Deferred Tax Assets (Net)AmñW{JV H$a n[ag§n{Îm`m§ (ewÕ) 4,918.15 (820.53) - 4097.62


130

^m.H.{Z.

C.C.I.

Particulars{ddaU

Balance as at 1st April

201831 ‘mM©, 2016

H$mo eof

Recognised in Statement of Profit & Loss

bm^ d hm{Z {ddaUr ‘| em{‘b

Adjustmentsg‘m`moOZ


201731 ‘mM©, 2017

H$mo eof


Plant Property Equipments, Assets Held for Sale, Investment Property & Intagible Assets ßbm§Q>, g§n{Îm, CnH$aU, {~H«$s Ho$ {bE aIr JB© g§n{Îm`m§,{Zdoe g§n{Îm Ed§ A‘yV© g§n{Îm`m§ 805.44 4.19 - 809.63Sub-TotalCn-`moJ 805.44 4.19 - 809.63Deffered Tax Asstes AmñW{JV H$a n[ag§n{Îm`m§

I) Carried Forwarded Losses & Depreciationi) hm{Z Am¡a ‘yë`ömg AmJo bm`m J`m - - - -II) Disallowance Under the Income Tax Actii) Am`H$a A{Y{Z`‘ Ho$ A§VJ©V Zm‘§Oya 4 ,710.21 (355.30) - 4,354.91III) Provision for Doubtful Debts and advancesiii) g§{X½Y F$Um| Ho$ {bE àmdYmZ 618.07 (5.06) - 613.01IV) Provision for Dimnution Value of Investmentiv) {Zdoe ‘yë` ‘| H$‘r Ho$ {bE àmdYmZ 1.73 - - 1.73V)ProvisionforBufferStocklossesReceivablev) àmß` ~’$a ñQ>m°H$ hm{Z Ho$ {bE àmdYmZ 746.54 - - 746.54VI)Remeasurementsofthedefinedbenifitplansvi) n[a^m{fV bm^ `moOZm Ho$ nwZ: ‘yë`m§H$Z - 11.59 - 11.59Sub-TotalCn-`moJ 6,076.55 (348.77) - 5,727.78Deferred Tax Assets (Net)AmñW{JV H$a n[ag§n{Îm`m§ (ewÕ) 5,271.11 (352.96) - 4,918.15

Foot Note :TheCompanydoesnothaveanyUnrecognisedDefferedTax/Assests/Liabilitiesasat31stMarch2018,31stMarch2017 and 01st April 2016.

’y$Q> ZmoQ> -H§$nZr Ho$ nmg 31 ‘mM©, 2018, 31 ‘mM©, 2017 VWm 01 Aà¡b, 2016 na H$moB© ^r A‘mÝ`Vm àmßV ñW{JV H$a n[ag§n{Îm`m§ /Xo`VmE°§ Zht h¢ &

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ZmoQ> -11 : AÝ` n[ag§n{Îm`m§Note 11 - Other Assets (ê$nò bmI ‘|) (Rs. in Lakh)

Particulars{ddaU

31st March 2018

31 ‘mM©, 2018 H$mo

31st March 2017

31 ‘mM©, 2017 H$mo

1st April 2016

01 Aà¡b, 2016 H$mo

A. Non CurrentH$. J¡a-Mmby

Capital Advences ny±Or A{J«‘ - - -Less : Allownces for bas and doubtful AdvanceKQ>mB©ò AemoÜ` VWm g§{X½Y A{J«‘m| hoVw ^ËVo - - -Advances Other than Capital Advances ny±Or A{J«‘ Ho$ Abmdm AÝ` A{J«‘

- Security Deposits - {gŠ`w[aQ>r {S>nm{OQ> 159.97 156.09 184.75Advances to related parties - g§~§{YV nm{Q©>`m| H$mo A{J«‘ - - -- Advances to other suppliers - AÝ` gßbm`©g H$mo A{J«‘ - - -- Other Advances - AÝ` A{J«‘ - - -Less : Allowances for bad and doubtful AdvanceKQ>mB©ò AemoÜ` VWm g§{X½Y A{J«‘m| hoVw ^ËVo - - -Allowances for bad and doubtful AdvanceAemoÜ` VWm g§{X½Y A{J«‘m| hoVw ^ËVo - - -Others recoverableAÝ` dgybr `mo½`

- Income Tax paid recoverable- dgybr `mo½` àXËV Am`H$a - - -- Sales Tax paid recoverable- dgybr `mo½` àXËV {~H«$s H$a 57.50 57.50 57.50- GST Refund recoverable- dgybr `mo½` OrEgQ>r [a’§$S> - - --OtherReceivable-LossesonBufferStockReceivable- AÝ` àmß` ~’$a ñQ>m°H$ na àmß` hm{Z 2,157. 14 2,157.17 2,157.17Less:ProvisionforlossesonBufferStockOperationsreceivableKQ>mB©ò- ~’$a ñQ>m°H$ n[aMmbZ na àmß` hm{Z`m| Ho$ {bE àmdYmZ (2,157. 14) (2,157. 14) (2,157. 14)TotalHw$b 217.47 213.62 242.28B. CurrentI. Mmby

Capital Advances ny±Or A{J«‘

Advances other than Capital Advances ny±Or A{J«‘ Ho$ Abmdm AÝ` A{J«‘


132

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C.C.I.

- Secuirity Deposites - {gŠ`w[aQ>r {S>nm{OQ> 49.87 62.03 61.95- Advances to related parties- g§~§{YV nm{Q©>`m| H$mo A{J«‘ - - -- Advances to other suppliers- AÝ` gßbm`©g H$mo A{J«‘ - - -- Claim Recoverable others- dgybr `mo½` AÝ` Xmdo - - -- Other advances - AÝ` A{J«‘ - - -Less : Allowances for bad & doubtful AdvanceKQ>mB©`o AemoÜ` VWm g§{X½Y A{J«‘m| hoVw ^ËVo

Other AssetsAÝ` n[ag§n{Îm`m§

- Receivables other than Trade Receivablesì`mnma àmß` Ho$ A{V[aŠV AÝ` àmn` 240.32 129.87 98.04- Income Tax Refund- Am`H$a [a’§$S> 497.03 201.56 168.13- Sales Tax /Vat refund- {~H«$s H$a/ d¡Q> [a’§$S> 849.24 944.70 865.38- GST Refund recoverable- dgybr `mo½` OrEgQ>r [a’§$S> - - -- Service Tax Refund- g{d©g Q>¡Šg [a’§$S> 0.66 0.66 0.90- MSP Losses Receivable from Govt. of India - ^maV gaH$ma go àmß¶ E‘Egnr hm{Z 3,14,313.76 2,95,737.27 3,32,014.08- Other Current Assets- AÝ` Mmby n[ag§n{Îm`m§ 6,218.60 965.14 1,619.09TotalHw$b 3,22,169.48 2,98,041.23 3,34,827.57

Note 12 : InventoriesZmoQ> -12 : ‘mbgyMr (Rs. in Lakh)

(ê$n`o bmI ‘|)

Particulars{ddaU

31st March 2018

31 ‘mM©, 2018 H$mo

31st March 2017

31 ‘mM©,2017 H$mo

1st April 2016

01 Aà¡b, 2016 H$mo

Raw MaterialsH$ÀMm ‘mb

1,628.40 - 286.18

Work in ProgressH$m`© àJ{V na

- - -

Finished GoodsV¡`ma ‘mb

1,32,527.66 5,170.55 1,28,318.69

Packing Materials n¡qH$J gm‘J«r

5,116.92 5,867.49 5,972.92

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C.C.I.

Other Misc ItemsAÝ` {d{dY ‘X|

9.74 1.13 64.23

TotalHw$b

1,39,381.07 11,039.17 1,34,642.02

Note 13 Cash and EquivalentZmoQ> -13 : ZH$X VWm ZH$X g‘Vwë`

(Rs. in Lakh)(ê$n`o bmI ‘|)

Particulars{ddaU

31 st March 201831 ‘mM©,2018 H$mo

31 st March 201731 ‘mM©,2017 H$mo

1st April 201601 Aà¡b, 2016 H$mo

A. Cash and Cash EquivalentH$. ZH$X VWm ZH$X g‘H$j

Cash on hand hmW ‘| amoH$‹S> - - -Cheques, Drafts, Stamp on handhmW ‘| CnbãY M¡H²$g, S´mâQ>g - - -Balances with Banks~¢H$ ‘| CnbãY eof

(a) in corrent account* E) Mmby ImVo ‘| 1,124.61 171.90 650.69(b) in cash credit account** ~r) H¡$e H«o${S>Q> AH$m§CQ> ‘| 280.39 287.54 -In term deposit with origanal maturity upto 3 monthsgmd{YH$ O‘m am{e ‘| {OZH$s ‘yb n[anŠdVm 3 ‘hrZo VH$ H$s h¡ - - -Sub total (A) AZw`moJ (E) 1,405.00 459.44 650.69B. Bank Balances other than aboveI. CnamoŠV Ho$ Abmdm ~¢H$ eof

In term deposit with original maturity than 3 months but less than 13 months*gmd{YH$ O‘m am{e ‘| {OZH$s ‘yb n[anŠdVm 3 ‘hrZo go A{YH$ na§Vw 12 ‘hrZo go H$‘ h¡ 44.59 41.90 44.45Sub Total (B) Cn-`moJ (~r) 44.59 41.90 44.45TotalHw$b 1,449.59 501.34 695.14

Fool Note: The above balances in Current Account and term deposit includes Rs. 0.12 lakh and Rs. 44.59 lakh respectively with Andra Bank which are under line as per order issued by the Principal Senier Civil Judge, Guntur in the matter of non payment of kapas value to the verious formers during the year 1999.

’y$Q> ZmoQ> -

df© 1999 Ho$ Xm¡amZ {d{^ÝZ {H$gmZm| H$mo H$nmg Ho$ ‘yë` H$m ^wJVmZ Z H$aZo Ho$ ‘m‘bo ‘| Am§Y«m ~¢H$ Ho$ nmg H«$‘e: 0.12 bmI ê$. VWm 44.59 bmI ê$. em{‘b H$aVo hþE Mmby d gmd{YH$ O‘m ‘| CnamoŠV eof h¡, Omo qà{gnb gr{Z`a {g{db OO JwÝVya Ûmam Omar AmXoe Ho$ AZwgma brZ Ho$ A§VJ©V h¡ &


134

^m.H.{Z.

C.C.I.

Particulars{ddaU

31st March 201831 ‘mM©,2018 H$mo

31st March 201731 ‘mM©,2017 H$mo


Current Account Mmby ImVm 0.12 0.12 0.12As Fixed Deposit gmd{YH$ O‘m na 44.59 41.90 39.45TotalHw$b 44.71 42.02 39.57

** The Company has a credit facilities of Rs. 25,000 crores cronsortium of 15 PSBs. Looking to the seasnal nature of business, Company resorted to avail short term loans in liou of cash credit limits. As at 31st March 2018 and 31st March 2017, Company had a credit balance in cash Account.H§$nZr Ho$ nmg 15 bmoH$ CÚ‘ ~¢H$ Ho$ H§$gmo{Q©>`‘ ‘| 25000 H$amoS> ê$. H$s F$U gw{dYm CnbãY h¡ & ì`mnma H$s ‘m¡g‘r àH«¥${V H$mo XoIVo hþE H§$nZr Zo H¡$e H«o${S>Q> {b{‘Q> Ho$ gm‘Zo bKw Ad{Y Ho$ F$U H$mo àmßV H$aZo Ho$ {bE ghmam {b`m h¡ & {XZm§H$ 31 ‘mM©, 2018 VWm 31 ‘mM©, 2017 H$mo H§$nZr H$m H¡$e H«o${S>Q> ImVo ‘| O‘m eof h¡ &

Note 14 : Current Tax Assets (Net) ZmoQ> -14 : dV©‘mZ H$a n[ag§n{Îm`m§ (ewÕ) (ê$nò bmI ‘|)

(Rs. in Lakh)Particulars

{ddaU

March 31, 201831 ‘mM©, 2018 H$mo

March 31, 201731 ‘mM©, 2017 H$mo

April 1, 201601 Aà¡b, 2016 H$mo

Advance Income TaxA{J«‘ Am`H$a 255.73 408.15 251.80Tax Aoducled at SoutceòmoV na H$a H$Q>m¡Vr 178.77 187.47 193.26MAT Credit Receivabltàmß` E‘EQ>r F$U - 432.25 432.26TotalHw$b 434.50 1,027.87 877.32

Note 15 : Equity Share CapitalZmoQ> -15 : B{¹$Q>r eoà ny±Or

(ê$nò bmI ‘|)(Rs. in Lakh)

Particulars{ddaU

31st March 201831 ‘mM©,2018 H$mo

31st March 201731 ‘mM©,2017 H$mo


Authorizedàm{YH¥$V

75,00,000 Equity shares of Rupees 100/- eachàËòH$ 100 /- ê$. Ho$ 75,00,000 B{¹$Q>r eo`g© 7,500.00 7,500.00 7,500.00

7,500.00 7,500.00 7,500.00

Issued,subscribed and fully paid-up{ZJ©{‘V, IarXo JE VWm nyU© àXËV

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25,00,000 Equity Shares of Rupees 100/- fully paid-upàËòH$ 100 /- ê$. Ho$ 25,00,000 B{¹$Q>r eo`g© nyU© àXËV 2,500.00 2,500.00 2,500.00TotalHw$b 2,500.00 2,500.00 2,500.00

Reconcilliation of number of share :eoàm| H$s g§»`m {OZH$m g‘mYmZ {H$`m J`m

Particulars {ddaU

31st March 201831 ‘mM©,2018 H$mo

31st March 201731 ‘mM©,2017 H$mo

Opening Equity sharesAma§{^H$ B{¹$Q>r eoà 2,500.00 2,500.00

Add: No. of shares, shares capital issued/subscribed during the yearOmoSo>- df© Ho$ Xm¡amZ eoàm| H$s g§»`m, eoà ny±Or Omar H$s JB©/IarXo JE - -

Less: Deduction KQ>mBò H$Q>m¡Vr - -

Closing balanceA§{V‘ eof 2,500.00 2,500.00

No.of shares in the comapny held by shareholder holding more than 5 percentH§$nZr ‘| Eogo eoà hmoëS>a Ho$ eoàm| H$s g§»`m {OZH$s 5 à{VeV go A{YH$ hmopëS§>J h¡

Name of the shareholdereoà hmoëS>a H$m Zm‘

31st March 201831 ‘mM©,2018 H$mo

31st March 201731 ‘mM©,2017 H$mo


President of India ^maV Ho$ amîQń{V 25,00,000 25,00,000 25,00,000

(100%) (100%) (100%)TotalHw$b 25,00,000 25,00,000 25,00,000

Fool Note :(3 Shares (previous year 3 shares) held by nominee shareholders of the President of India being the beneficialshareholder.)

’y$Q> ZmoQ> :

(~oZr{’${e`b eoà hmoëS>g© hmoZo Ho$ H$maU 3 eoà(J{V df© 3 eoà) ^maV Ho$ amîQń{V Ho$ Zm{‘Zr eo`g© Ûmam Ym[aV {H$E JE h¢)


136

^m.H.{Z.

C.C.I.

(I) Genetal Reserve(i) gm‘mÝ¶ Ama{jV (én¶o bmI ‘|) (Rs. in Lakh)

Particulars{ddaU

March 31, 2018{X. 31 ‘mM©, 2018

March 31 , 2017{X. 31 ‘mM©, 2017

April 1, 2016{X. 1 E{àb, 2016

Opening BalanceAma§{^H$ eof 2,798.96 2,798.86 2,798.86

Transfer from Surplusgaßbg go A§VaU - - -

Transfer to capital reserveAma{jV ny±oOr H$m A§VaU - - -

Closing BalanceA§{V‘ eof 2,798.96 2,798.96 2,798.96

(II) Capital Reserve(ii) Ama{jV ny±Or (én¶o bmI ‘|) (Rs. in Lakh)

Particulars{ddaU

March 31, 2018{X. 31 ‘mM©, 2018

March 31, 2017{X. 31 ‘mM©, 2017

Opening BalanceAma§{^H$ eof - -Transfer to General Reservegm‘mÝ¶ Ama{jV ‘| A§VaU

- -

Closing BalanceA§{V‘ eof - -

No. 16 : Other EquityZmoQ> -16 : AÝ` B{¹$Q>r

(én¶o bmI ‘|) (Rs. in Lakh)Particulars

{ddaU

31st March 201831 ‘mM©,2018 H$mo

31st March 201731 ‘mM©,2017 H$mo

1st April 201601 Aà¡b,2016 H$mo

General Reservegm‘mÝ` Ama{jV 2,798.86 2,798.86 2,798.85Capital ReserveAma{jV ny±Or - - -Corporate social responsibility reserve{ZJ{‘V gm‘m{OH$ Xm{`Ëd Ama{jV - - -Retained Earningsà{VYmaU AO©Z 23,313.07 22,729.07 23,660.34Other ReservesAÝ` Ama{jV - - -Total Other EquityHw$b AÝ` B{¹$Q>r 26,111.93 25,527.93 26,459.20

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(III) Corporate Social Responsibility Reserve(iii) {ZJ{‘V gm‘m{OH$ Xm{¶Ëd Ama{jV (én¶o bmI ‘|) (Rs. in Lakh)

Particulars{ddaU

March 31, 2018{X. 31 ‘mM©, 2018

March 31, 2017{X. 31 ‘mM©, 2017

Opening BalanceAma§{^H$ eof

- -

Transfer from Surplusgaßbg go A§VaU

- -

DeductionH$Q>m¡Vr

- -

Closing BalanceA§{V‘ eof

- -

(IV) Retained Earnings(iv) à{VYmaU AO©Z (én¶o bmI ‘|) (Rs. in Lakh)

Particulars{ddaU

March 31, 2018{X. 31 ‘mM©, 2018

March 31 , 2017{X. 31 ‘mM©, 2017

April 1, 2016{X. 1 E{àb, 2016

Opening BalanceAma§{^H$ eof

22,729.07 23,660.34 21,876.05

Netprofitfortheyeardf© Ho$ Xm¡amZ ewÕ bm^

933.44 (455.26) -

Items of other comprehensive income reognised directly in Retained Earningsà{VYm[aV AO©Z ‘| grYo ì`mnH$ Am` nhMmZ H$s AÝ` ‘X|

Re-MeasurmentsofpostbenefitobligationnetoftaxH$a níMmV godm{Zd¥{Îm Ho$ bm^ Xo` bm^ H$m ‘yë`m§H$Z

(78.64) (53.55) -

Transfer from corporate Social Responsibility{ZJ{‘V gm‘m{OH$ Xm{`Ëd go A§VaU

- - -

Reversal of Dividends and Dividend tax proposedbm^m§e VWm àñVm{dV bm^m§e H$a H$m [adg©b

- - 422.46

Other AdjustmentsAÝ` g‘m`moOZ

(270.80) (422.46) 1,361.83

Appropriations{d{Z`moOZ

- - -

General Reservegm‘mÝ` Ama{jV

- - -

Closing BalanceA§{V‘ eof

23,313.07 22,729.07 23,660.34


138

^m.H.{Z.

C.C.I.

(V) Other Reserve (v) AÝ` Ama{jV


{ddaU

Equity Instruments through OCI

grgrAmB© Ho$ ‘mÜ`‘ go B{¹$Q>r B§ñQ´`y‘|Q>g

Remeasurements of post employment

benefit plansnwZ:‘yë`m§H$Z, nmoñQ> Båßbm` bm^

`moOZm

Total other ReservesHw$b AÝ` [aOd©

As at 01.04.201601.04.2016 H$mo

- - -

Remeasurementsofdefinedbenefitplansn[a^m{fV bm^ `moOZmAm| H$m nwZ: ‘yë`m§H$Z

- - -

As at 01.04.201701.04.2017 H$mo

- - -

Remeasurementsofdefinedbenefitplansn[a^m{fV bm^ `moOZmAm| H$m nwZ: ‘yë`m§H$Z

- - -

Equity Instruments through other comprehensive incomeAÝ` ì`mnH$ Am` Ho$ ‘mÜ`‘ go B{¹$Q>r B§ñQ´`y‘|Q>g

- - -

As at 01.04.201801.04.2018 H$mo

-

Note 17 ProvisionsZmoQ> -17 : àmdYmZ


{ddaU

March 31, 201831 ‘mM©,2018 H$mo

March 31, 201731 ‘mM©,2017 H$mo

April 1, 201601 Aà¡b,2016 H$mo

A. Non CurrentH$.. J¡a-Mmby

For Employee benefitsH$‘©Mmar bm^m| Ho$ {bE

a) Leave EncashmentE) AdH$me ZH$XrH$aU 1,821.50 1863.72 1787.89b) Compassionate Gratuity~r) AZwH§$nm CnXmZ (J«oÀ`wQ>r) - - -c)PostRetirementmedicalbenefitgr) godm{Zd¥{Îm Ho$ ~mX {M{H$Ëgm bm^ 393.14 421.19 368.85d) Half pay LeaveS>r) AY©doVZ AdH$me - - -e) OthersB©) AÝ` - - -Sub total (A)Cn-`moJ (H$) 2,214.64 2,284.91 2,156.74

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For OthersAÝ` Ho$ {bE

Provision for Punjab Infrastructure Cessn§Om~ BZ’«$mñQ´ŠMa gog Ho$ {bE àmdYmZ 4,303.69 9,989.01 9,214.35

Total (A)Hw$b (H$) 6,518.33 12,273.92 11,371.09B. CurrentI. Mmby

For Employee benefitsH$‘©Mmar bm^m| Ho$ {bE

a) Leave EncashmentE) AdH$me ZH$XrH$aU 357.67 327.29 767.04b) CPF~r) A§eXm`r ^{dî` {Z{Y - 8.43 -c) CSS*gr) AeXm`r A{Yd{f©Vm `moOZm 85.66 1,196.81 634.14d) GSLIS>r) OrEgEbAmB© 0.65 1.98 1.45e) GratuityB©) CnXmZ 1,214.78 134.16 105.91f) Bonus/ Performance related payE’$) ~moZg / H$m`©{ZînmXZ go g§~§{YV ^wJVmZ 23.29 14.60 56.91g)PostRetirementMedicalBenefitSchemeOr) godm{Zd¥{Îm Ho$ níMmV {M{H$Ëgm bm^ `moOZm 25.77 24.49 21.61h)OthersStaffRelatedProvisionsEM) ñQ>m°’$ go g§~§{YV AÝ` àmdYmZ 1,416.58 0.79 1.67Sub Total (B)Cn-`moJ (I) 3,124.40 1,708.55 1,588.73C. For OtherJ. AÝ` Ho$ {bE

Provision for Expensesì`` Ho$ {bE àmdYmZ 151.09 174.51 872.06Provision for Interest on outstanding dues to MSMEE‘EgE‘B© H$mo ~H$m`m am{e na ã`mO hoVw àmdYmZ 141.85 139.92 139.92Sub Total (C)Cn-`moJ (J) 292.94 314.43 1,011.98Total (A+B+C)Hw$b (H$+ I+J) 3,417.34 2,022.98 2,600.71


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Note 18 BorrowingsZmoQ> -18 : CYma (én¶o bmI ‘|) (Rs. in Lakh)

Particulars{ddaU

March 31, 201831 ‘mM©,2018 H$mo

March 31, 201731 ‘mM©,2017 H$mo

April 1, 201601 Aà¡b,2016 H$mo

Current:Mmby

Securred Repayable on demand‘m§J na nwZ: ^wJVmZ `mo½` gwa{jV

From Banks~¢H$m| go 4,04,200.00 2,78,500.00 4,28,793.07From Other PartiesAÝ` nm{Q©>`m| go - - -Unsecured repayable on demand‘m§J na nwZ: ^wJVmZ `mo½` Agwa{jV - - -From Banks~¢H$m| go 40,000.00 - -From Other PartiesAÝ` nm{Q©>`m| go - - -Loans and advances from related parties- Unsecuredg§~§{YV nm{Q©>`m| go F$U Ed§ A{J«‘ - Agwa{jV - - -Short Term Security Deposites- UnsecuredbKw Ad{Y gwa{jV O‘m - Agwa{jV - - -Other Loans (Borrowings)AÝ` F$U (CYma)

- - -

TotalHw$b 4,44,200.00 2,78,500.00 4,28,793.07

Rs. 359,200 lakh at Marginal Cost of Fund based Lending Rate (MCLR) at the rate of 7.80 per cent per annum and Rs. 45,000 lakh borrowing at MCLR at the rate of 7.75 per cent per annum payable within 30 days (previous year Rs. 278,500 lakh borrowed at MCLR @ 7.85 percent per annum.) for working capital requirement, payable on demand as per loan agreement from Consortium of 14 PSU banks {Bank of Baroda (Lead Bank), Bank of India, Central Bank of India, Corporation Bank, Dena Bank, Oriental Bank of Commerce, Punjab National Bank, State Bank of India, Syndicate Bank, Union Bank of India, Allahabad Bank, Andhra Bank, United Bank of India and Vijaya bank}, which is secured by Pari-passu charge on Hypothecation of entire current assets of the company both present and future.

d{Hª$J H¡${nQ>b H$s Amdí`H$Vm hoVw F$U H$ama Ho$ AZwgma ‘m±J na ^wJVmZ `mo½` g§H$m` ~¢H$m| go F$U ‘m°{O©Z H$m°ñQ> Am°’$ ’§$S> ~ogS> boqS>J Xa (E‘grEbAma) na 7.80% à{V df© go 3,59,200 bmI ê$. VWm 7.75% H$s Xa go 45,000 bmI ê$. F$U 30 {XZ Ho$ ^rVa Xo` ( JV df© 278500/- ê$. bmI E‘grEbAma Xa go 7.85% à{V df© F$U) (~¢H$ Am°’$ ~‹S>m¡Xm (‘w»` ~¢H$), ~¢H$ Am°’$ B§{S>`m, g|Q´b ~¢H$ Am°’$ B§{S>`m, H$manmoaoeZ ~¢H$, XoZm ~¢H$, Amo[aE§Q>b ~¢H$ Am°’$ H$m°‘g©, n§Om~ ZoíZb ~¢H$, ñQ>oQ> ~¢H$ Am°’$ B§{S>¶m, qgS>rHo$Q> ~¢H$, `y{Z`Z ~¢H$ Am°’$ B§{S>`m, Bbmhm~mX ~¢H$, Am§Y«m ~¢H$, `yZm`Q>oS> ~¢H$ Am°’$ B§{S>`m VWm {dO`m ~¢H$) Omo H§$nZr H$s g§nyU© dV©‘mZ d ^mdr Mmby n[ag§n{Îm`m| Ho$ Ñ{ï> ~§YH$ na g‘J{V go g‘ê$n MmO© Ûmam a{jV h¢ &

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Note 19 Trade PayablesZmoQ> - 19 : ì`mnma Xo`


{ddaUMarch 31,

201831 ‘mM©,2018 H$mo

March 31, 2017

31 ‘mM©,2017 H$mo

April 1, 2016

01 Aà¡b,2016 H$mo

Current:Mmby

Other than MSMEsE‘EgE‘B© H$mo N>moS>H$a AÝ` 6,495.49 754.89 1,527.81Trade Payables (MSME)ì`mnma Xo` (E‘EgE‘B©) 64.93 2.73 66.98Trade Payables to related partiesg§~§{YV nm{Q©>`m| H$mo ì`mnma Xo` - - -

TotalHw$b 6,560.42 757.62 1,594.79

Note 20 Other Financial LiabilitiesZmoQ> - 20 : AÝ` {dËVr` Xo`VmE§


{ddaUMarch 31, 201831 ‘mM©,2018 H$mo

March 31, 201731 ‘mM©,2017 H$mo

April 1, 201601 Aà¡b,2016 H$mo

A. Non CurrentH$. J¡a- Mmby

Security Deposites/EMD from vendersgwajm O‘m am{e / {dH«o$Vm go B©E‘S>r 716.13 717.70 686.02Other PayablesAÝ` ^wJVmZ `mo½` 54.26 215.48 174.17Sub total (A)Cn-`moJ (H$) 770.39 933.18 860.19B. CurrentH$. Mmby

Payables- Other than tradeì`mnma Ho$ Abmdm ^wJVmZ `mo½` 81.62 128.91 419.39Interest Payable to CustomersJ«mhH$m| H$mo ^wJVmZ `mo½` ã`mO 18.83 18.73 38.31Interest accrued on borrowingsCYmar na A{O©V ã`mO - - -Security deposit and EMDgwajm O‘m am{e Ed§ B©E‘S>r 2,282.23 1223.66 1,177.16Deposits (Security) from SuppliersAmny{V©H$Vm© go O‘m (gwajm) 309.96 494.58 880.33Deposits (Security) from Tenants{H$am`oXmam| go O‘m (gwajm) 4.99 34.43 4.27EMD received from CustomersJ«mhH$m| go àmßV B©E‘S>r 1,514.36 49.79 239.09Retention money[aQ>|eZ ‘Zr 804.36 509.97 825.89


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Other PayableAÝ` ^wJVmZ `mo½` 297.91 92.50 238.52Sub total (B)Cn-`moJ (I) 5,314.26 2552.55 3,822.96Total (A+B) Hw$b (H$+I) 6,084.66 3,485.73 4,683.15

Note 21 Current Tax liabilities (Net)ZmoQ> -21 : Mmby H$a Xo`VmE§ (ewÕ)


{ddaUMarch 31, 201831 ‘mM©,2018 H$mo

March 31, 201731 ‘mM©,2017 H$mo

April 1, 201601 Aà¡b,2016 H$mo

Income TaxAm`H$a 545.00 444.40 587.38

TotalHw$b 545.00 444.40 587.38

Note 22 Other Current liabilitiesZmoQ> -22 : AÝ` Mmby Xo`VmE§


{ddaUMarch 31, 201831 ‘mM©,2018 H$mo

March 31, 201731 ‘mM©,2017 H$mo

April 1, 201601 Aà¡b,2016 H$mo

CurrentMmby

Advance Received from CustomersJ«mhH$m| go àmßV A{J«‘ 2,863.41 5,072.84 26,855.76Statutory dues payablegm§{d{YH$ ^wJVmZ `mo½` Xo` 1,061.88 607.72 2,049.55Employeebenefitspayable^wJVmZ `mo½` H$‘©Mmar bm^ 40.91 27.63 47.20OthersAÝ` 166.33 226.51 210.11

TotalHw$b 4,132.53 5,934.70 29,162.62

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THE COTTON CORPORATION OF INDIA LTD, NAVI MUMBAINOTES FOR THE STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED

31ST MARCH 2018^maVr` H$nmg {ZJ‘ {b{‘Q>oS>, Zdr ‘w§~B©

1 ‘mM©, 2018 H$mo g‘mßV df© Ho$ {bE bm^ Ed§ hm{Z H$s {ddaUr Ho$ {bE ZmoQ>g

Note 23 Revenue and OperationsZmoQ> -23 n[aMmbZ go amOñd (ê$nò bmI ‘|)

(Rs. in Lakh)

NoteZmoQ>

Year ended31st March 2018

31 ‘mM©, 2018 H$mo g‘mßV df©


31 ‘mM©, 2017 H$mo g‘mßV df©

(a) Sale of products*(H$) CËnmXm| H$s {~H«$s *

Sale of Fully Pressed Bales Cotton Seed, Lint and Miscellaneous Items such as Sample, Cowdy, Roller/Yellow Picking Bales etc.nyU© ~§{YV Jm§R>m| H$s {~H«$s, {~Zm¡bm, qbQ> VWm {d{dY ‘X| O¡go g¢nb, H$m¡S>r, amoba / òbmo {nqH$J Jm°R>| BË`m{X 1,08,407.59 1,58,762.43

Total (a)Hw$b (H$) 1,08,407.59 1,58,762.43

(b) Sale of Services(I) godmAm| H$s {~H«$s

CertificationofBalesJm§R>m| H$m à‘mUZ - 0.24

Total (b)Hw$b (I) - 0.24

(c) Other Operating Revenues(J) AÝ` n[aMmbZ go amOñd

Carrying Charges & Late Lifting ChargesaIaImd à^ma VWm Xoa go CR>mò OmZo na à^ma 390.14 1,132.65Interest received from CustomersJ«mhH$mo go àmßV ã`mO 748.69 641.20Compensation For Cancellation of Contractsg§{dXm aÔ H$aZo Ho$ {bE à{Vny{V© 906.14 793.33Duty Drawback (Export)/Export IncentiveS>`yQ>r S´m~¡H$ ({Z`m©V) {Z`m©V àmoËgmhZ - 1.70Cash Discount on Ready Bales purchaseV¡`ma Jm°R>m| H$s IarX na H¡$e {S>ñH$mC§Q> 17.90 16.06Reimbursement of Losses on Minimum Support Price OperationsÝ`yZV‘ g‘W©Z ‘yë` n[aMmbZ na hþB© hm{Z H$s à{Vny{V© 28,751.52 23,998.19

Total (c)Hw$b (J) 30,814.39 26 583.13

Total (a+b+c)Hw$b (H$+ I +J) 1,39,221.98 1,85,345.80


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*{dËVr` 2017-18 Ho$ Xm¡amZ H§$nZr Zo n[aMmbZ amOñd H$s amOñd ‘mÝ`Vm na boIm§{H$V Zr{V ‘| n[adV©Z {H$`m h¡ `m{Z ê$B© H$s {~H«$s, nyU©~§{YV ê$B© H$s Jm§R>m| Ho$ g§{dXm na hñVmja H$aZo, g§{dXm H$s eVm} Ho$ AZwgma àma§{^H$ gwajm O‘m am{e àmßV H$aZo na d Jm§R>m| Ho$ M`Z H$aZo na ‘mÝ`Vm Xr JB© h¡ & VwbZmË‘H$ Am§H$So> gy{MV {H$E JE h¢ &*During the FY 2017-18, the Company has changed its accounting policy on Revenue Recognition of operating revenue i.e. Sale of lint, fully pressed bales of cotton are recognized when the contract has been signed, initial security depositasperthetermsofthecontracthasbeenreceivedandbaleshavebeenselected.TheComparativefigureshave been stated.

Note 24 Other IncomeZmoQ> -24 AÝ` Am` (ê$nò bmI ‘|)

(Rs. in Lakh)

Rent Income{H$amò go Am` 858.50 700.59Interest Received on Bank Deposits~¢H$ {S>nm°{OQ> go àmßV ã`mO 2.99 2.63Other Interest Income (Net)AÝ` ã`mO Am` (ewÕ) 32.60 138.14Insurance Claims~r‘m Xmdo - 29.39Bad Debts RecoveredSy>~V F$U H$s dgybr - 5.30Other Miscelleneous Income and Write BacksAÝ` {d{Y Am` d amB©Q> ~¡H$g 124.35 235.14

TotalHw$b 1,018.44 1,111.19

Note 25 Cost of Material ConsumedZmoQ> -25 Cn^moJ H$s JB© ‘Q>o[a`b na bmJV (ê$nò bmI ‘|)

(Rs. in Lakh)

Raw MaterialH$ÀMm ‘mb 1,30.587.82 17,230.20Packing Materialn¢qH$J gm‘J«r 751.91 105.42

TotalHw$b 1,31,339.73 17,335.62

Note 26 Changes in Inventories of Finished Goods, W.I.P., Stock In TradeZmoQ> -26 V¡`ma ‘mb H$s ‘mbgyMr ‘| n[adV©Z, S>ãë`y.AmB©.nr. ì`mnma ‘| ñQ>mH$


Opening StockAma§{^H$ ñQ>mH$ 5,171.68 1,28,382.92Less : Closing StockKQ>mBò : A§{V‘ ñQ>m°H$ 1,32,537.40 5,171.68Decrease/ (Increase) in Inventories‘mbgyMr ‘| H$‘r/(d¥{Õ) (1,27,365.72) 1,23,211.24

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Note 27 Employee Benefit ExpensesZmoQ> -27 H$‘©Mmar bm^ ì``


Salaries, Allowances & Other incentivesdoVZ, ^ËVo VWm AÝ` àmoËgmhZ 6,571.92 5,043.90Bonus & Performance related pay~moZg VWm na’$m°a‘|g go OwS>m doVZ 111.01 99.89Contribution to Provident Fund & Pension Fund^{dî` {Z{Y VWm n|eZ {Z{Y ‘| A§eXmZ 501.06 529.62Contribution to Gratuity FundCnXmZ {Z{Y ‘| A§eXmZ 998.40 99.40Contribution to Super Annuation FundA{Yd{f©Vm {Z{Y ‘| A§eXmZ 85.66 1,196.81PostRetirementBenefitSchemegodm {Zd¥Îmr Ho$ ~mX H$s ¶moOZm 46.99 46.65Payment for leave encashmentNw>Å>r ZH$XrH$aU Ho$ {bE ^wJVmZ 615.99 264.25StaffWelfareExpensesñQ>m°’$ H$ë`mU ì`` 355.24 418.94

Total Hw$b 9,286.27 7,699.46

Note 28 Finance CostZmoQ> -28 {dËVr` bmJV (ê$n`o bmI ‘|)

(Rs. in Lakh)

A) On Bank LoansE) ~¢H$ F$U na 25,245.48 26,456.09B) Others~r) AÝ` 5.15 0.21

Total Hw$b 25,250.63 26,456.30


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Note 29 Other ExpensesZmoQ>-29 AÝ` ì``



31 ‘mM©,2018 H$mo g‘mßV df©

Year ended31St March 2017

31 ‘mM©,2017 H$mo g‘mßV df©

(A) Ginning and Pressing Expenses(H$) {OqZJ Ed§ àoqgJ ì``

Ginning Charges{OqZJ à^ma 3,749.30 302.43Pressing ChargesàoqgJ à^ma 1,538.61 153.19Labour and Other Processing Chargesl‘ Ed§ AÝ` g§gmYZ à^ma 564.24 82.91

Total (A)Hw$b(H$) 5,852.15 538.53

(B) Other Operating Expenses(I) AÝ` n[aMmbZ ì``

Godown RentJmoXm‘ {H$am`m 833.96 1,486.84Insurance~r‘m 245.25 338.62Bank Charges~¢H$ à^ma 9.29 10.76Expneses on Improvement of Cotton YieldH$nmg CnO ‘| gwYma Ho$ {bE ì`` - -

Total (B)Hw$b(I) 1,088.50 1,836.22

(C) Administrative Expneses(J) àemg{ZH$ ì``

OfficeRentH$m`m©b` {H$am`m 89.72 104.66Travelling Expenses of : `mÌm Ho$ {bE ì`` :

- Directors - {ZXoeH$m| hoVw 38.42 17.97 - Others - AÝ` hoVw 143.61 150.79Rates and TaxesXa| Ed§ H$a 50.19 50.83Legal and Professional Fees{d{YH$ VWm ì`mdgm{`H$ ’$sg 106.73 169.81Remuneration To AuditorsboIm narjH$m| H$m nm[al{‘H$

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- As Auditor - boIm narjH$ 21.60 18.00 - For Taxation Matters/ VAT Audit - H$amYmZ ‘m‘bo d¡Q> boIm narjm 7.12 7.61 - For Other Services - AÝ` godmAm| Ho$ {bE 2.80 2.50 - For Reimbursement of Expenses - ì``m| H$s à{Vny{V© Ho$ {bE 1.10 0.87Repairs and Maintenance (Building)‘aå‘V Ed§ aIaImd (^dZ) 133.45 96.42Repairs and Maintenance (Computers)‘aå‘V Ed§ aIaImd (H§$ß`yQ>a) 161.28 158.33Repairs and Maintenance (Others)‘aå‘V Ed§ aIaImd (AÝ`) 10.48 9.07Printing and StationeryqàqQ>J Ed§ ñQ>oeZar 56.94 23.59TelephoneQ>obr’$moZ 34.54 39.30Postage and CouriernmoñQ>oO Ed§ Hw$[a`a 15.00 10.25Advertisement{dkmnZ 18.04 26.59Electricity Water Charqes/ Generator Charges{~Obr Ed§ Ob à^ma / OZaoQ>a à^ma 99.23 190.08Expenditure on Corporate Social Responsibilites{ZJ{‘V gm‘m{OH$ Xm{`Ëd na IM} 32.44 62.93Other Administrative ExpensesAÝ` àemg{ZH$ IM} 192.71 189.79

Total (C)Hw$b(J) 1,215.40 1,329.39

(D) Selling, Distribution & Forwarding Expenses(K) {~H«$s, {dVaU VWm ào{fV ì``

Selling, Distribution Expenses{dH«$s, {dVaU ì`` 668.05 588.29Brokerage/ CommissionXbmbr/ H$‘reZ 0.72 0.53Cash DiscountH¡$e {S>ñH$mC§Q> 0.45 336.70

Total (D)Hw$b(K) 669.22 925.52


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(E) Provisions and Write Off Expenses(S>.) àmdYmZ VWm amB©Q> Am°’$ ì``

Advances/RecoverableWrittenOffA{J«‘/ dgybr `mo½` ~Å>o ImVo ‘| S>mbm J`m - 15.51Provision for Doubtful Debts/ Advancesg§{X½Y F$U Ho$ {bE àmdYmZ / A{J«‘ 1.83 5.56Provision for Interest on Outstanding dues to MSMEE‘.Eg.E‘.B© H$mo ~H$m`m am{e na ã`mO hoVw àmdYmZ 1.94 0.01Provision for Interest on Punjab Infrastructure Cessn§Om~ BÝ’«$mñQ´ŠMa gog na ã`mO hoVw àmdYmZ 774.66 774.66

Total (E)Hw$b(S>.) 778.43 795.74

Total Expenses (A+B+C+D+E)Hw$b ì`` (H$+I+J+K+S>.) 9,603.70 5,425.40

Note 30 Exceptional ItemsZmoQ> - 30 AgmYmaU ‘X| (ê$n`o bmI ‘|)

(Rs. in Lakh)

Disposal of items of Fixed assetsAMb n[ag§n{Îm`m| H$s ‘Xm| H$m {ZnQ>mZ (0.72) (2.83)Interest on delayed payments (Late Payment Charges)Xoar go {H$E JE ^wJVmZm| na ã`mO (boQ> no-‘|Q> MmO}g) 1.23 1.70Provision for Doubtful Debts/ Advances (Previous Year) Written Backg§{X½Y F$U| Ho$ {bE àmdYmZ/ A{J«‘ (JVdf©) nwZam§H$Z (333.11) (5.21)Provisions no longer requiredàmdYmZ {OZH$s Amdí`H$Vm Zht (6,494.52) (42.78)

Total Hw$b (6,827.12) (49.12)

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boIm| H|$ {bE ZmoQ²g 31. AmH$pñ‘H$ Xo`VmE°§ d àH$Q>rH$aU i)

(ê$n`o bmI ‘|)

H«$.g§.

{df`31.03.2018

H$mo 31.03.2017

H$mo

H$) H$‘©Mm[a`m| Ho$ Xmdm| Am¡a AÝ` H§$n{Z`m| Ho$ pIbm’$ {OZH$s am{e {Z{üV h¡ naÝVw F$U Ho$ ê$n ‘| Zht OmZVo h¢ &

829.77 862.22

I) {ddm{XV {~H«$sH$a ‘m±J {OgHo$ gm‘Zo 83.27 bmI ê$. O‘m {H$E JE h¡ (JV df© 0.33 bmI ê$.)

247.49 221.96

I) {ddm{XV {~H«$sH$a ‘m±J {OgHo$ gm‘Zo 0.33 bmI ê$. O‘m {H$E JE h¡ (JV df© 0.33 bmI ê$.)

4.39 4.39

J) {ddm{XV Am` H$a ‘m±J {OgHo$ gm‘Zo H§$nZr Zo Am` H$a Am`wŠV Ho$ g‘j Anrb H$s h¡ (Anrëg)

42.93 42.93

K) "gr'/'EM'/'AmB©' ’$m°‘©g àñVwV Z H$aZo Ho$ H$maU g§^m{dV Xo` am{e

6.91 521.13

‹S>) g§~§{YV Xmofr IarXXmam| Ûmam Xm`a H$s JB© Anrb ‘| g§{MV ã`mO g{hV H§$nZr H$s Ý`m`mb` H$mo dMZ~ÕVm Ho$ gm‘Zo ‘mZZr` ‘w§~B© CÀM Ý`m`mb` Ho$ AmXoemo Ho$ AYrZ àma§^ ‘| CZH$mo ~oMr hþB© ‘mÌm H$s nwZ: {~H«$s Ho$ gm‘Zo hþB© hm{Z Ho$ {bE Xmofr IarXXmam| go {dËVr` df© 2015-16 Ho$ Xm¡amZ àmßV 511.93 bmI ê$. H$s am{e na ã`mO Xo`Vm

119.77 78.82

1,251.26 1731.45

Notes to the Accounts31. Contingent Liabilities & Disclosure:i)

(Rs. In Lakh)Sr. no. Particulars As at

31.03.2018As at

31.03.2017

a) Claims of employees and other against the Company of which the amounts are ascertainable but not acknowledged as debts*

829.77 862.22

b) Disputed Sales Tax Demand against which Rs.83.27 Lakh (PY Rs.47.37 Lakh) is deposited.

247.49 221.96

b) Disputed Service Tax Demand against which Rs.0.33 Lakhs (PY Rs.0.33 Lakhs) is deposited.

4.39 4.39

c) Disputed Income Tax Demand against which company is in appeal before Commissioner of Income Tax (Appeals)

42.93 42.93

d) Dues may arise due to non submission of ‘C’/’H’/’I’ Forms**

6.91 521.13

e) Interest liability on the amount of Rs. 511.93 lakh received during the FY 2015-16 from the defaulting buyers for losses arising out of resale of quantities initially sold to them under the orders of Hon’ble Bombay High Court.

119.77 78.82

1,251.26 1731.45


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* Interest on the claimed amount may have to be paid if legal cases are decided against the Company (amount not ascertainable)

** Company is persuing with the parties for collection of ‘C’/’H’/’I’ forms and onward submission before assessment by the Sales Tax Authorities.

ii) Estimated amount of commitment of capital contracts remaining to be executed and not provided for is Nil (previous year Nil).

iii) Estimated amount of other commitments not provided for is Nil (previous year Nil).

iv) Guarantee given by the Bank on behalf of the Corporation is Rs 0.01 lakh (previous year Rs.0.01 lakh).

32. Reimbursement of losses in Minimum Support Price operation

The losses if any, incurred on account of Minimum Support Price Operations reimbursable from the Government of India, Ministry of Textiles are accounted on accrual basis and disclosed as Operating Revenue as these operations are related with the core business activitiesoftheCompany.Duringthefinancialyear2017-18, Govt. of India, reimbursed Rs. 9900 lakh against the MSP losses receivable upto 31.03.2017. The amount receivable as on 31.03.2018 is Rs. 3,14,313.76 lakh (previous year Rs. 2,95,737.27 lakh).

Losses amounting to Rs. 28,751.52 lakh (previous year Rs. 23,998.19 lakh) arising on account of Minimum Support Price (MSP) operations are reimbursable by the GovernmentofIndiaduringthefinancialyear2017-18.These expenses / losses include:

i) Administrative, establishment expenses and depreciation for the financial year 2017-18,apportioned on the basis of volume (number of bales) of purchase and sales handled during the year under MSP and CP operations.

ii) Interest on funds which includes bank borrowings as well as own funds deployed, computed for the following periods:-

a) Process cycle for conversion of bales i.e. from the date of purchase of kapas up to the

* `{X {d{YH$ ‘m‘bo H§$nZr Ho$ {dê$Õ {Z{U©V hmoVo h¢ Vmo Xmdm H$s JB© am{e na ã`mO H$m ^wJVmZ H$aZm hmoJm (am{e {Z{üV Zht ‘mZr JB© h¡)

** {~H«$s H$a àm{YH$mar Ûmam {ZYm©aU go nyd© nm{Q©>`mo go "gr'/'EM'/'AmB©' ’$m°‘©g O‘m H$aZo d AmJo àñVwV H$aZo Ho$ {bE H§$nZr Ho$ à`mg Omar h¢ &

ii) ny±OrJV g§{dXmAm| H$s AZw‘m{ZV am{e {OÝh| {Zînm{XV {H$`m OmVm h¡ Ed§ {OgHo$ {bE àmdYmZ Zht {H$`m J`m h¡& am{e eyÝ` ê$nò (JV df© eyÝ`) &

iii) AÝ` H${‘Q>‘|Q> na AZw‘m{ZV am{e VWm {OgH$m àmdYmZ Zht {H$`m J`m h¡ eyÝ` (JV df© eyÝ`)

iv) {ZJ‘ H$s Amoa go ~¢H$ Ûmam 0.01 bmI ê$. H$s Jma§Q>r Xr JB© (JV df© 0.01 bmI ê$.)

32. Ý`yZV‘ g‘W©Z ‘yë` n[aMmbZ ‘| hþB© hm{Z`m| H$s à{Vny{V©

^maV gaH$ma, dñÌ ‘§Ìmb` go à{Vny{V© `mo½` Ý`yZV‘ ‘yë` n[aMmbZ Ho$ boI| ‘| hþB© hm{Z`m± `{X H$moB© hm|, Vmo CÝh| àmoØdZ ar{V Ho$ AmYma na boIm§{H$V {H$`m J`m h¡ VWm My±{H$ `h n[aMmbZ H§$nZr H$s ‘w»` ì`mnm[aH$ J{V{d{Y`m| go g§~§{YV h¡ Bgr{bE BÝh| Am°naoqQ>J amOñd Ho$ ê$n ‘| àH$Q>Z {H$`m J`m h¡ & {dËVr` df© 2017-18 Ho$ Xm¡amZ {XZm§H$ 31.03.2017 VH$ àmßV H$aZo `mo½` E‘Egnr hm{Z`m| Ho$ {dê$Õ ^maV gaH$ma Zo 9900 bmI ê$. H$s à{Vny{V© H$s h¡ & {XZm§H$ 31.03.2018 H$mo àmßV H$aZo `mo½` am{e 3,14,313.76 bmI ê$. h¡ (JV df© 2,95,737.27 bmI ê$.)

{dËVr` df© 2017-18 Ho$ Xm¡amZ g‘W©Z ‘yë` n[aMmbZ ImVo na hþB© hm{Z 28,751.52 bmI ê$nò (JV df© 23,998 bmI ê$nò) h¡, {OgH$s à{Vny{V© Omo ^maV gaH$ma Ûmam H$s OmZr h¡ & BZ‘| {ZåZ ì``/ hm{Z`m± em{‘b h¡ :-

(i) {dËVr` df© 2017-18 Ho$ {bE àemg{ZH$, ñWmnZm ì`` d ‘yë`õmg H$m df© Ho$ Xm¡amZ E‘Egnr d grnr n[aMmbZ Ho$ A§VJ©V H«$`-{dH«$` Ho$ dm°ë`y‘ Ho$ AmYma na à^mOZ {H$`m Om gH$Vm h¡ &

(ii) {Z{Y`m| na ã`mO, {Og‘| ~¢H$ F$U Ho$ gmW-gmW AnZr ñd`§ H$s {Z{Y ^r em{‘b h¡, Ho$ {bE JUZm H$s JB© Ad{Y h¡:-

H$) Jm±R>m| ‘| ~XbZo H$s g§gmYZ à{H«$`m `m{Z H$nmg H$s

48 dt dm{f©H$ [anmoQ>© 2017-18

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date of pressing of bales.b) For bales sold and lifted - from the date of

pressing of bales up to the date of lifting of bales.

c) For unsold bales and bales sold but unlifted from the date of pressing of bales till the end of the year i.e. 31st March 2018.

d) For unsold bales and bales sold but not lifted at the beginning of the year from 1st April to date of lifting.

e) For the amount outstanding in the beginning of the year, interest is charged till receipt of the payment.

iii) Tarpaulins expenditure allocated on the basis of purchase value of cotton.

iv) Hessian/grey cloth expenditure allocated on the basis of the number of bales pressed.

v) Cost of testing equipments namely Micronaire Testers and Moisture meters, purchased during the year amounting to Rs. Nil (Previous year Rs. Nil).

vi) Selling and Distribution expenses on actual basis.

33. Reimbursement of Buffer Stock Operation

As per mandate given by Government of India, Ministry ofTextiles,theCorporationhadundertakenbufferstockoperations in the state of Gujarat during the cotton season 2011-12. Losses amounting to Rs. 3,173.08 Lakh were accounted for being reimbursable by the Government of Indiaduringfinancialyear2012-13.

Ministry of Textiles reimbursed only a sum of Rs. 1,015.94 lakh during the year 2013-14 out of Rs. 3,173.08 lakh referred to above and the balance Rs. 2,157.14 lakh was provided for doubtful recoveries (Refer Note 11) in the financialyear2013-14duetouncertaintyofrecovery.

34. Other operating revenueOther operating revenue includes Rs. 906.14 lakh (Previous year Rs. 793.33 lakh) towards deposits, advance carrying charges, credit balances and interest thereon received from defaulting buyers for losses arising out of resale of quantities initially sold to them.

35. Debtors ReconciliationTrade Receivables comprising NTC subsidiaries, Institutional buyers, other Trade Receivable, Loans and

IarX H$s VmarI go Jm±R>m| H$s àoqgJ H$s VmarI VH$&

I) ~oMr JB© Am¡a CR>m`r JB© Jm§R>m| Ho$ {bE - Jm°R>m| Ho$ àoqgJ H$s VmarI go Jm±R>| CR>mZo H$s VmarI VH$ &

J) AZ{~H$s Jm±R>| Am¡a ~oMr J`r bo{H$Z Z CR>dmB© JB© Jm±R>m| Ho$ {bE - Jm±R>m| H$s àoqgJ H$s VmarI go Jm±R>m| Ho$ CR>mò OmZo VH$ 31.03.2018 &

K) Z ~oMr JB© Jm±R>o VWm ~oMr JB© Jm±R>m| na§Vw df© Ho$ àma§^ go Z CR>m`r JB© Jm±R>m| Ho$ {bE 1 Aà¡b go CR>mZo H$s VmarI VH$

M) df© Ho$ Ama§^ ‘| ~H$m`m am{e Ho$ {bE ^wJVmZ H$s àm{á VH$ ã`mO bJm`m J`m h¡&

(iii) H$nmg Ho$ IarX ‘yë` Ho$ AmYma na {Vanmbm| Ho$ IMm} H$mo Am~§{Q>V {H$`m J`m h¡ &

(iv) àog H$s JB© Jm±R>m| H$s g§»`m Ho$ AmYma na h¡{g`Z /J«o H$n‹S>o Ho$ IMm} H$mo Am~§{Q>V {H$`m J`m h¡ &

(v) df© Ho$ Xm¡amZ ‘m`H«$moZoà Q>oñQ>a VWm ‘m¡BñMa ‘rQ>g© O¡go narjU gm‘J«r H$s bmJV H$s IarX H$s am{e eyÝ` h¡ (JV df© eyÝ` ê$nò)&

(vi) {dH«$` Am¡a {dVaU ì`` dmñV{dH$ AmYma na &

33. ~’$a ñQ>m°H$ n[aMmbZ H$s à{Vny{V©

dó ‘§Ìmb`, maV gaH$ma Ho$ AmXoemZwgma {ZJ‘ Zo JwOamV amÁ` ‘| H$nmg ‘m¡g‘ 2011-12 Ho$ Xm¡amZ ~’$a ñQ>m°H$ Ho$ A§VJ©V IarX H$m`© {H$`m & {ZJ‘ H$mo 3173.08 bmI ê$nò H$s hm{Z hþB© VWm {Ogo BZ hm{Z`m| H$s à{Vny{V© ^maV gaH$ma Ûmam {dÎmr` df© 2012-13 Ho$ Xm¡amZ {H$ò OmZo hoVw boIm§{H$V {H$`m J`m &

dñÌ ‘§Ìmb` Zo CnamoŠV g§X{^©V 3173.08 bmI ê$. Ho$ gm‘Zo df© 2013-14 Ho$ Xm¡amZ Ho$db 1,015.94 bmI ê$. H$s am{e H$s à{Vny{V© H$s h¡ VWm eof 2,157.14 bmI ê$. dgybr H$s A{Z{üVVm Ho$ H$maU {dËVr` df© 2013-14 ‘| g§{X½Y dgybr hoVw àmdYmZ {H$`m h¡ (ZmoQ> 11 XoI|) &

34. AÝ` n[aMmbZ amOñdAÝ` n[aMmbZ Am` ‘| 906.14 bmI ê$. (JV df© 793.33 bmI ê$.) em{‘b h¡ Omo MyH$H$Vm© IarXXmam| go CZH$mo Ama§^ ‘| ~oMr J`r ‘mÌm H$s nwZ: {~H«$s go CËnÞ hm{Z`m| Ho$ {bE O‘m am{e, A{J«‘, bXmZ à^ma, F$U eof Am¡a Cg na ã`mO Ho$ {bE h¡ &

35. So>~Q>g© g‘mYmZ

ì`mnma àm{á `mo½` ‘| EZQ>rgr ghm{`H$m`|, g§ñWmJV IarXXma,


152

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Advances, Deposits, Other Current Assets and Trade Payablesaresubjecttoconfirmation/Reconciliationandconsequent adjustments.

36. Micro, Small and Medium Enterprises Development Act, 2006

Disclosure as required under Micro, Small and Medium Enterprises Development Act, 2006:

TheCompanyhasobtainedconfirmationsfromsuppliersand service providers who have registered themselves under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006) and based on the information available with the Company, balance due to Micro, Small and Medium Enterprises definedunder the MSMED Act, 2006 is Rs. 150.53 lakh (Previous year Rs. 105.94 lakh).

(i) The principal amount and the interest due thereon remaining unpaid to any supplier as at the end of each accounting year:

(Rs. in Lakh)Financial Year end

Principal* Interest

31.03.2014 38.01 134.6631.03.2015 554.78 136.7331.03.2016 66.98 139.9131.03.2017 105.94 139.9231.03.2018 64.93 141.85

* Includes interest free security deposits received from contractors as per the terms of the contract.

(ii) The amount of interest paid by the Company in terms of section 16 of the Micro, Small and Medium Enterprises Development Act, 2006, along with amount of payment made to the suppliers beyond the appointed day during each accounting year is Nil (Previous year Nil), except amounts payable as in (i) above.

(iii) The amount of interest due and payable for the period of delay in making payment (which have been paid but beyond the appointed day during theyear)butwithoutaddingthe interestspecifiedunder this Act is Nil (Previous year Nil).

(iv) The amount of interest accrued and remaining unpaid at the end of each accounting year is as under:

AÝ` ì`mnma àm{á `mo½`, F$U Am¡a A{J«‘ O‘m am{e, O‘m am{e`m± AÝ` dV©‘mZ AmpñV`m± VWm ^wJVmZ `mo½` ì`mnma nwï>rH$aU/g‘memoYZ VWm g‘m`moOZ Ho$ ’$bñdê$n Ho$ AYrZ h¡ &

36. gyú‘, bKw Ed§ ‘Ü`‘ CnH«$‘ {dH$mg A{Y{Z`‘, 2006

gyú‘, bKw Ed§ ‘Ü`‘ CnH«$‘ {dH$mg A{Y{Z`‘, 2006 Ho$ A§VJ©V àH$Q>rH$aU :

H§$nZr Zo Amny{V©H$Vm© VWm godm àXmZ H$aZodmbr g§ñWmAm| go nw{ï> àmá H$s h¡, {OÝhm|Zo gyú‘, bKw Ed§ ‘Ü`‘ CnH«$‘ {dH$mg A{Y{Z`‘, 2006 (E‘EgE‘B©S>r EŠQ>, 2006) Ho$ A§VJ©V {OÝhm|Zo AnZo AmnH$mo a{OñQ>S©> {H$`m h¡ VWm H§$nZr Ho$ nmg CnbãY OmZH$mar Ho$ AmYma na E‘EgE‘B©S>r EŠQ>, 2006 Ho$ A§VJ©V ‘m`H«$mo, ñ‘mb E§S> ‘r{S>`‘ EÝQ>aàmB©Oog H$mo Xo` eof 150.53 bmI ê$nò h¡ ({nN>bo df© 105.94 bmI ê$.)

(i) àËòH$ boIm df© Ho$ A§V ‘| {H$gr Amny{V©H$Vm© H$mo ‘yb am{e VWm Cg na Xo` ã`mO H$m eof ^wJVmZ :

(bmI ê$nò ‘|)

H$mo g‘má {dÎmr` df© ‘yb ã`mO

31.03.2014 38.01 134.66

31.03.2015 554.78 136.73

31.03.2016 66.98 139.91

31.03.2017 105.94 139.92

31.03.2018 64.93 141.85

* Bg‘| ã`mO ‘wº$ gwajm O‘m am{e em{‘b h¡ Omo g§{dXm H$s eVm} Ho$ AZwgma R>oHo$Xmam| go àmá hþAm h¡&

(ii) àËòH$ boIm df© Ho$ Xm¡amZ {Z`V {XZ Ho$ ~mX Amny{V©H$Vm© H$mo {H$E JE ^wJVmZ H$s am{e Ho$ gmW ‘m`H«$mo, ñ‘m°b AÝS> {‘{S>`‘ BÝQ>aàmBOog So>dbn‘|Q> E°ŠQ>- 2006 H$s Ymam -16 H$s eVm} Ho$ AZwgma IarXXma Ûmam ^wJVmZ H$s JB© ã`mO H$s am{e 'eyÝ`' h¡& (JV df© eyÝ` ê$nò) Cnamoº$ (i) Ho$ AZwgma ^wJVmZ `mo½` am{e H$mo N>mo‹S>H$a &

(iii) ã`mO H$s am{e Omo ^wJVmZ Xoar go H$aZo Ho$ H$maU h¡, Xo` Ed§ ^wJVmZ `mo½` h¡ (df© Ho$ Xm¡amZ {Z`V VmarI Ho$ ~mX {OgH$m ^wJVmZ {H$`m J`m h¡) na§Vw Bg A{Y{Z`‘ Ho$ A§VJ©V {Z{X©ï> ã`mO em{‘b Zht {H$`m J`m h¡ & (JV df© eyÝ` ê$nò)

(iv) àËòH$ boIm df© Ho$ A§V ‘| Cnm{O©V ã`mO am{e Am¡a eof AàXÎm am{e {ZåZmZwgma h¡ :

48 dt dm{f©H$ [anmoQ>© 2017-18

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Financial Year end Amount (Rs. in lakh)

31.03.2014 134.6631.03.2015 136.7331.03.2016 139.91

31.03.2017 139.9231.03.2018 141.85

(v) The amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues as above are actually paid to the small enterprise, for the purpose of disallowance as a deductible expenditure under Section 23 of Micro, Small and Medium Enterprises Development Act, 2006 is Rs. 141.85 lakh (Previous year Rs 139.92 lakh).

The above information is given to the extent available with the Company.

37. Liquidated damages recoverable from various mills

On account of liquidated damages recoverable from various mills for their failure to lift the contracted bales an amount of loss of Rs. 1679.63 lakh (Previous year Rs. 1679.63 Lakh) on resale of cotton imported on behalf of Government of India during the year 1976-77 and 1977-78 were outstanding. The same has already been received by the Company from the Government of India. The losses recoverable towards liquidated damages against such defaulters are pending in large number of cases before Honorable Bombay High Court. The amount collected from the defaulted buyers, pending such cases, shall be accounted for on settlement of such cases and are currently shown under the head of Non-Current liabilities being payable to the Government of India (Refer Note No. 20A).

38. Employee Benefits

DetailsofEmployeeBenefitsasrequiredbytheIndAS19–“EmployeeBenefits”areasfollows:

A. Defined Contribution Plans:

The Company makes contributions, determined asaspecifiedpercentageofemployeesalaries,inrespect of qualifying employees towards Provident FundandSuperannuationFundwhicharedefinedcontribution plans. The Company has no obligation otherthantomakethespecifiedcontributions.The

H$mo g‘má {dÎmr` df©am{e

(bmI ê$. ‘|)

31.03.2014 134.66

31.03.2015 136.73

31.03.2016 139.91

31.03.2017 139.92

31.03.2018 141.85

(v) AmJo Xo` ã`mO H$s ~H$m`m am{e Am¡a AmJm‘r dfm} ‘| ^r Xo` Cg VmarI VH$ O~ Cn`w©º$ ~H$m`m am{e dmñV{dH$ ê$n go N>moQ>o CÚ‘m| H$mo ^wJVmZ {H$`m J`m h¡, Omo ‘m`H«$mo, ñ‘m°b AÝS> {‘{S>`‘ BÝQ>aàmBOog So>dbn‘|Q> EŠQ>- 2006 H$s Ymam-23 Ho$ A§VJ©V H$Q>m¡Vr `mo½` ì`` Ho$ ê$n ‘| {S>gAbmCÝg à`moOZ Ho$ {bE Xo` 141.85 bmI ê$nò h¡& (JV df© 139.92 bmI ê$nò)

H§$nZr Ho$ nmg Cnamoº$ OmZH$mar {Og gr‘m VH$ CnbãY h¡, Xr JB© h¡ &

37. {d{^ÝZ {‘ëg go dgybr `mo½` j{V H$m n[ag‘mnZ

df© 1976-77 Am¡a 1977-78 Ho$ Xm¡amZ ^maV gaH$ma H$s Amoa go Am`mV H$s JB© H$nmg H$s nwZ: {~H«$s na 1679.63 bmI ê$nò (JV df© 1679.63 bmI ê$nò) H$s am{e hm{Z Ho$ {bE g§{dXmJV Jm°R>| {d{^Þ {‘bm| Ûmam Z CR>mZo Ho$ H$maU dgybr `mo½` n[ag‘mnZ j{V Ho$ H$maU ~H$m`m Wr & H§$nZr H$mo ^maV gaH$ma go BgH$s àm{á hmo MwH$s h¡ & Bg àH$ma Ho$ MyH$H$Vm©Am| Ho$ {dê$ÜX n[ag‘mnZ j{V Ho$ ê$n ‘| dgybr `mo½` hm{Z`m± ‘mZZr` ‘w§~B© Cƒ Ý`m`mb` ‘| ~‹S>r g§»`m, ‘| ‘m‘bm| Ho$ ê$n ‘| b§{~V h¢ & MyH$H$Vm© IarXXmam| go O‘m H$s J`r am{e, Eogo ‘m‘bo Ho$ b§{~V ahZo VH$ ^maV gaH$ma H$mo Xo` J¡a Mmby Xo`VmE°§ erf© Ho$ A§VJ©V (g§X^© ZmoQ>-20E) Bg àH$ma Ho$ ‘m‘bm| Ho$ {ZnQ>mZ hoVw br J`r h¡ &

38. H$‘©Mmar bm^

B§S>EEg 19- "'H$‘©Mmar bm^'' Ûmam Ano{jV H$‘©Mmar bm^m| Ho$ ã`m¡ao {ZåZmZwgma h¡ :

H$) n[a^m{fV A§eXmZ `moOZm

H§$nZr CZ H$‘©Mm[a`m| go g§~§{YV Omo ^{dî` {Z{Y VWm A{Yd{f©Vm {Z{Y Ho$ {bE `mo½` h¡ H$‘©Mmar H$mo {d{eîQ> doVZ go {ZYm©[aV A§eXmZ XoVm h¡ Omo n[a^m{fV A§eXmZ `moOZm h¡& Bg {d{eîQ> A§eXmZ XoZo Ho$ Abmdm H§$nZr Ho$ AÝ` H$moB© Xm{`Ëd Zht h¡ & ò A§eXmZ bm^ AWdm hm{Z {ddaUr ‘|


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contributionsarechargedtothestatementofprofitand loss as they accrue.

Provident Fund

The company operates plan for its employees to provide employee benefits in the nature ofprovidentfund.Eligibleemployeesreceivebenefitsfromaprovidentfund,whichisdefinedcontributionplan. Both the employee and the company make monthly contribution to the provident fund plan equal to a specified percentage of the coveredemployee’ssalary.TheCompanycontributesfixedcontribution of provident fund at a predetermined rate to a separate trust (The Cotton Corporation of India Ltd Employees’ Contributory Provident Fund Trust) which invests the funds in permitted securities. The trust is required to pay a minimum rate of interest on contribution to members of trust. The amount available in the fund including the return on investment is greater than the obligation of the company. The company recognizes contribution payable to the provident fund scheme as expenditure.

Superannuation

The Company has implemented ‘The Cotton Corporation of India Ltd Employees’ Contributory Superannuation Fund’ w.e.f. 01.11.1995 for all regular employees. The Company contributes eligible amount to a separate trust (The Cotton Corporation of India Ltd Employees’ Contributory Superannuation Fund Trust) which invests the funds in permitted securities. The company recognizes contribution payable to the superannuation fund scheme as expenditure.

The Company has recognized the following amounts in theStatementofProfitandLoss(Refernote27):

2017-2018 (Rs. in lakh)

2016-2017 (Rs. in lakh)

Contribution to Provident Fund and Pension Fund

501.06 529.62

Contribution to Superannuation Fund

85.66 1196.81

B. Defined Benefit Plans - As per Actuarial Valuation as on 31.03.2018 and

recognizedinthefinancialstatementsinrespectofEmployeeBenefitSchemes:

MmO© {H$E OmVo h¢ Omo àmoX^dZ Ho$ AZwgma h¢ &

^{dî` {Z{Y

H§$nZr ^{dî` {Z{Y H$s àH¥${V ‘| AnZo H$‘©Mm[a`m| H$mo H$‘©Mmar bm^ àXmZ H$aZo Ho$ {bE `moOZm H$m n[aMmbZ H$aVr h¡ & nmÌ H$‘©Mmar ^{dî` {Z{Y go bm^ àmßV H$aVo h¡ Omo n[a^m{fV A§eXm`r `moOZm h¡ & H$‘©Mmar Ed§ H§$nZr XmoZm| ^{dî` {Z{Y `moOZm ‘| ‘m{gH$ ê$n go A§eXmZ H$aVo h¢ Omo H$‘©Mmar doVZ H$mo H$da H$aVo hþE {d{eîQ> à{VeV Ho$ g‘mZ h¡ & H§$nZr EH$ AbJ Q´ñQ> H$mo nyd© {ZYm©[aV Xa na ^{dî` {Z{Y H$m {Z`V A§eXmZ H$aVr h¡ (^mH${Z H$‘©Mmar A§eXmZ ^{dî` {Z{Y) Omo AZw‘{V àXmZ à{V^y{V`m| ‘| {Z{Y H$mo {Zdoe H$aVm h¡ & Q´ñQ> AnZo gXñ`m| H$mo A§eXmZ na Ý`yZV‘ ã`mO H$s Xa go ^wJVmZ H$aVr h¡ & {Z{Y ‘| {Zdoe na [aQ>©Z H$mo em{‘b H$aVo hþE {Z{Y ‘| CnbãY am{e H§$nZr Ho$ X{`Ëd go A{YH$ h¡ & H§$nZr ^{dî` {Z{Y ‘| ^wJVmZ `mo½` A§eXmZ H$mo ì`` Ho$ ê$n ‘| ‘mÝ`Vm XoVr h¡ &

A{Yd{f©Vm

H§$nZr Zo {XZm§H$ 01.11.1995 go g^r {Z`{‘V H$‘©Mm[a`m| Ho$ {bE ^mH${Z H$‘©Mmar A§eXm`r A{Yd{f©Vm {Z{Y ‘| g§emoYZ {H$`m h¡ & H§$nZr EH$ {d{eîQ> Q´ñQ> H$mo nmÌ am{e H$m A§eXmZ H$aVr h¡ (^mH${Z H$‘©Mmar A§eXm`r ^{dî` {Z{Y) Omo AZw‘{V àmßV à{V^y{V`m| ‘| {Z{Y {Zdoe H$aVr h¡ & H§$nZr A{Yd{f©Vm ‘| wJVmZ mo½` A§eXmZ H$mo ì`` Ho$ ê$n ‘| ‘mÝ`Vm XoVr h¡ &

H§$nZr Zo {ZåZ{bpIV am{e H$mo bm^ d hm{Z H$s {ddaUr ‘| ‘mÝ`Vm Xr JB© h¡ & (ZmoQ> 27 XoI|) :

2017-2018

(bmI ê$. ‘|)

2016-2017

(bmI ê$. ‘|)

^{dî` {Z{Y VWm

n|eZ {Z{Y ‘| A§eXmZ

501.06 529.62

A{Yd{f©Vm {Z{Y ‘|

A§eXmZ

85.66 1196.81

I) n[a^m{fV bm^ `moOZm -

{XZm§H$ 31.03.2018 H$mo ~r‘m§{H$H$ ‘yë`m§H$Z Ho$ AZwgma VWm H$‘©Mmar bm^ `moOZmAm| H$mo {dËVr` {dda{U`m| ‘| ‘mÝ`Vm Xr JB© h¡ &

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1. Post- employment benefits The company has the following post – employment

benefitplans:-

a) Short term employee benefits

Allemployeebenefitspayablewhollywithintwelve months of rendering the service are classified as short term employee benefitsand they are recognized in the period in which the employee renders the related service. It recognizes the undiscounted amount of shorttermemployeebenefitsexpectedtobepaid in exchange for services rendered as a liability (accrued expense) after deducting any amount already paid.

b) Other Long term employee benefits The liability towards earned leave and half pay

leave for the year as per rules of Company is recognized on the basis of actuarial valuation carried out by using projected unit credit method.

Estimate of the Leave liability as per Actuarial valuation report:-

Current Period Previous PeriodTypeofBenefit Leave Leave

Country India India

Reporting Currency

INR INR

Reporting Standard

Indian Accounting Standard 19 (Ind AS 19)

Indian Accounting Standard 19(Ind AS 19)

Funding Status Unfunded UnfundedStarting Period 01-Apr-17 01-Apr-16

Date of Reporting

31-Mar-18 31-Mar-17

Period of Reporting

12 Months 12 Months

Assumptions (Opening Period)Expected Return on Plan

AssetsN.A. N.A.

Rate of Discounting 7.27% 7.86%

Rate of Salary Increase 7.00% 7.00%

1. amoOJma Ho$ ~mX bm^

H§$nZr ‘| amoOJma Ho$ ~mX bm^ `moOZmE°§ {ZåZbpIV h¡ :

H$) Aënmd{Y H$‘©Mmar bm^

g^r H$‘©Mm[a`m| H$mo ~mah ‘hrZo godmE°§ XoZo Ho$ ^rVa nyar Vah go Xo` H$mo Aënmd{Y H$‘©Mmar bm^ Ho$ ê$n ‘| dJuH¥$V {H$`m OmVm h¡ VWm H$‘©Mm[a`m| Ûmam Xr JB© g§~§{YV godmAm| H$s Ad{Y ‘| BgH$s ‘mÝ`Vm Xr OmVr h¡ & Xo`Vm (Cnm{O©V ì``) Ho$ ê$n ‘| Xr JB© godmAm| Ho$ ~Xbo nhbo go ^wJVmZ H$s JB© {H$gr am{e H$s H$Q>m¡Vr Ho$ níMmV ^wJVmZ H$s JB© Ano{jV Aënmd{Y H$‘©Mmar bm^ H$s AZ{S>ñH$mD$§Q>oS> am{e H$mo ‘mÝ`Vm Xr OmVr h¡&

I) AÝ` XrKm©d{Y H$‘©Mmar bm^

H§$nZr Ho$ {Z`‘m| Ho$ AZwgma df© Ho$ {bE A{O©V AdH$me VWm AY©doVZ H$s Xo`VmE°§ àmoOoŠQ>oS> `y{ZQ> H«o${S>Q> ‘oWS> H$mo AnZmVo hþE EŠ`wab ‘yë`m§H$Z na ‘mÝ`Vm Xr OmVr h¡ &

EŠ`yab ‘yë`m§H$Z [anmoQ>© Ho$ AZwgma AdH$me Xo`VmAm| H$m AZw‘mZ : -

Mmby Ad{Y nyd© Ad{Y

bm^ H$m àH$ma AdH$me AdH$me

Xoe ^maV ^maV

[anmo{Qª>J ‘wÐm AmB©EZAma AmB©EZAma

[anmo{Qª>J ‘mZH$ ^maVr` boIm§{H$V‘mZH$ 19

(B§S>EEg 19)

^maVr` boIm§{H$V ‘mZH$ 19

(B§S>EEg 19)

{dËV nmo{fV pñW{V J¡a {dËV nmo{fV J¡a {dËV nmo{fV

Ama§^ H$s Ad{Y 01-Aà¡b-17 01-Aà¡b-17

[anmo{Qª>J H$s VmarI 31-‘mM©-18 31-‘mM©-17

[anmo{Qª>J Ad{Y 12 ‘{hZo 12 ‘{hZo

‘mÝ`VmE°§ (Ama§{^H$ Ad{Y)

`moOZm n[ag§n{Îm`m| na Ano{jV [aQ>Z©

bmJy Zht bmJy Zht

{S>ñH$mD$§qQ>J H$s Xa 7.27% 7.86%

doVZ ‘| d¥{Õ H$s Xa 7.00% 7.00%


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Rate of Employee Turnover

2.00% 2.00%

Mortality Rate During Employment

Indian Assured

Lives Mortality

(2006-08)

Indian Assured

Lives Mortality

(2006-08)Mortality Rate After

EmploymentN.A. N.A.

Assumptions (Closing Period)

Expected Return on Plan Assets

N.A. N.A.

Rate of Discounting

7.78% 7.27%

Rate of Salary Increase

7.00% 7.00%


2.00% 2.00%


Indian Assured Lives Mortality

(2006-08)

Indian Assured Lives Mortality

(2006-08)

Mortality Rate After Employment

N.A. N.A.

(Amount in Rs.)

H$‘©Mmar Q>Z©Amoda H$s Xa 2.00% 2.00%

amoOJma Ho$ Xm¡amZ ‘m°aQ>¡{bQ>r

^maVr` AmídmgZ OrdZ‘m°aQ>o{bQ>r (2006-08)

^maVr` AmídmgZ OrdZ ‘m°aQ>o{bQ>r (2006-08)

amoOJma Ho$ níMmV ‘m°aQ>¡{bQ>r Xa

bmJy Zht bmJy Zht

‘mÝ`VmE°§ (g‘mnZ Ad{Y)


bmJy Zht bmJy Zht

{S>ñH$mD$§qQ>J H$s Xa

7.78% 7.27%

doVZ ‘| d¥{Õ H$s Xa

7.00% 7.00%

H$‘©Mmar Q>Z©Amoda H$s Xa

2.00% 2.00%

amoOJma Ho$ Xm¡amZ ‘m°aQ>¡{bQ>r

^maVr` AmídmgZ OrdZ

‘m°aQ>o{bQ>r (2006-08)

^maVr` AmídmgZ OrdZ

‘m°aQ>o{bQ>r (2006-08)


bmJy Zht bmJy Zht

Table Showing Change in the Present Value of Projected Benefit ObligationàmoOoŠQ>oS> bm^ Xm{`Ëd H$m dV©‘mZ ‘yë` ‘| n[adV©Z Xem©Zodmbr {ddaUr

PresentValueofBenefitObligationattheBeginningofthePeriodAd{Y Ho$ Ama§^ ‘| bm^ Xm{`Ëd H$m dV©‘mZ ‘yë`

21,91,01,011 31,68,51,472

Interest Costã`mO bmJV

1,59,28,643 2,49,04,526

Current Service CostMmby godm bmJV

1,33,86,401 1,22,95,146

PastServiceCost-Non-VestedBenefitIncurredDuringthePeriodVËH$mbrZ godm bmJV J¡a {ZhrV

- -

PastServiceCost-VestedBenefitIncurredDuringthePeriodAd{Y Ho$ Xm¡amZ {H$E JE bm^

- -

Liability Transferred In/ AcquisitionsVËH$mbrZ godm bmJV Ad{Y Ho$ Xm¡amZ {H$E JE bm^ {ZhrV

- -

(Liability Transferred Out/ Divestments)à{VJ«hU ‘| Xo`VmE°§ A§VaU

- -

(Gains)/ Losses on Curtailment{d{Zdoe / Xo`VmE°§ A§VaU

- -

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(Liabilities Extinguished on Settlement)(bm^)/ H$Q>m¡Vr na hm{Z`m±

- -

(BenefitPaidDirectlybytheEmployer)({ZnQ>mZ na Xo`VmE°§ {ZH$mbr JB©)

(7,38,12,934) (6,37,24,534)

(BenefitPaidFromtheFund)({Z`moŠVm Ûmam grYo bm^ ^wJVmZ )

- -

TheEffectOfChangesinForeignExchangeRates {dXoer ‘wÐm Xam| ‘| hþE n[adV©Zm| Ho$ à^md

- -

Actuarial (Gains)/Losses on Obligations - Due to Change in Demographic AssumptionsOZgm§p»`H$s YmaUmAm| ‘| n[adV©Z Ho$ H$maU ~r‘m§{H$H$ bm^/hm{Z na Xm{`Ëd

- -

Actuarial (Gains)/Losses on Obligations - Due to Change in Financial Assumptions{dËVr` YmaUmAm| ‘| n[adV©Z Ho$ H$maU ~r‘m§{H$H$ bm^/hm{Z na Xm{`Ëd

(81,14,405) 13,06,527

Actuarial (Gains)/Losses on Obligations - Due to ExperienceAZw^d Ho$ H$maU YmaUmAm| ‘| n[adV©Z Ho$ H$maU ~r‘m§{H$H$ bm^/hm{Z na Xm{`Ëd

5,14,28,362 (7,25,32,126)

PresentValueofBenefitObligationattheEndofthePeriodAd{Y H$s g‘m{á na bm^ Xm{`Ëd H$m dV©‘mZ ‘yë`

21,79,17,078 21,91,01,011

Current PeriodMmby Ad{Y

Previous Period{nN>br Ad{Y

Actuarial (Gains)/Losses Recognized in the Statement of Profit or Loss for Current PeriodMmby Ad{Y Ho$ {bE bm^ d hm{Z H$s {ddaUr ‘| ‘mÝ`Vm àmßV ~r‘m§{H$H$ bm^/ hm{Z`m±

Actuarial (Gains)/Losses on Obligation For the PeriodAd{Y Ho$ {bE ~r‘m§{H$H$ bm^/ hm{Z`m| na Xm{`Ëd

4,33,13,957 (7,12,25,599)

Return on Plan Assets, Excluding Interest Incomeã`mO Am` H$mo N>mo‹S>H$a `moOZm n[ag§n{Îm`m| na [aQ>Z©

- -

SubtotalAZw`moJ

4,33,13,957 (7,12,25,599)

Actuarial(Gains)/LossesRecognizedintheStatementofProfitorLossbm^ AWdm hm{Z Ho$ {ZnQ>mZ ‘| ‘mÝ`Vm àmßV ~r‘m§{H$H$ (bm^)/hm{Z`m±

4,33,13,957 (7,12,25,599)



Expenses Recognized in the Statement of Profit or Loss for Current PeriodMmby Ad{Y Ho$ {bE bm^ AWdm hm{Z H$s {ddaUr ‘| ‘mÝ`Vm àmßV ì``


1,33,86,401 1,22,95,146

Net Interest CostewÕ ã`mO bmJV

1,59,28,643 2,49,04,526

Actuarial (Gains)/Losses~r‘m§{H$H$ (bm^)/hm{Z`m±

4,33,13,957 (7,12,25,599)

PastServiceCost-Non-VestedBenefitRecognizedDuringthePeriodAd{Y Ho$ Xm¡amZ ‘mÝ`Vm àmßV VËH$mbrZ godm bmJV- J¡a {Z{hV bm^

- -

PastServiceCost-VestedBenefitRecognizedDuringthePeriodAd{Y Ho$ Xm¡amZ ‘mÝ`Vm àmßV VËH$m{bZ godm bmJV {Z{hV bm^

- -


158

^m.H.{Z.

C.C.I.

(Expected Contributions by the Employees)H$‘©Mm[a`m| Ûmam Ano{jV A§eXmZ

- -

(Gains)/Losses on Curtailments And Settlements(bm^)/ H$Q>m¡Vr na hm{Z`m± Am¡a {ZnQ>mZ

- -

NetEffectofChangesinForeignExchangeRates{dXoer ‘wÐm Xam| ‘| hþE n[adV©Zm| Ho$ ewÕ à^md

- -

Change in Asset Ceilingn[ag§n{Îm grqbJ ‘| n[adV©Z

- -

ExpensesRecognizedintheStatementofProfitorLossbm^ AWdm hm{Z H$s {ddaUr ‘| ‘mÝ`Vm àmßV ì``

7,26,29,001 (3,40,25,927)



Amount Recognized in the Balance SheetVwbZ nÌ ‘| ‘mÝ`Vm àmßV am{e

PresentValueofBenefitObligationattheendoftheperiodAd{Y H$s g‘m{á na bm^ Xm{`Ëd H$m dV©‘mZ ‘yë`

(21,79,17,078) (21,91,01,011)

Fair Value of Plan Assets at the end of the periodAd{Y H$s g‘m{á na `moOZm n[ag§n{Îm H$m C{MV ‘yë`

- -

FundedStatus(Surplus/(Deficit)){dËV nmo{fV pñW{V (A{Yeof/KmQ>m)

(21,79,17,078) (21,91,01,011)

Unrecognised Past Service Cost at the end of the PeriodAd{Y H$s g‘m{á na VËH$m{bZ godm bmJV A‘mÝ`

- -

Net(Liability)/Asset Recognised in the Balance SheetVwbZ nÌ ‘| ‘mZo JE ewÕ(Xo`VmE°§)/n[ag§n{Îm

(21,79,17,078) (21,91,01,011)



Net Interest Cost for Current PeriodMmby Ad{Y Ho$ {bE ewÕ ã`mO bmJV

PresentValueofBenefitObligationattheBeginningoftheperiodAd{Y Ho$ Ama§^ na bm^ Xm{`Ëd H$m dV©‘mZ ‘yë`

219,101,011 316,851,472

(Fair Value of Plan Assets at the Beginning of the period)Ad{Y Ho$ Ama§^ na `moOZm n[ag§n{Îm H$m C{MV ‘yë`

- -

Net Liability/(Asset) at the BeginningAma§^ na ewÕ(Xo`VmE°§) / n[ag§n{Îm

219,101,011 316,851,472


1,59,28,943 2,49,04,526

(Interest Income)(ã`mO Am`)

- -


1,59,28,943 2,49,04,526

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Balance Sheet ReconciliationVwbZ nÌ g‘mYmZ

Opening Net LiabilityewÕ Xo`VmE°§ Ama§^

21,91,01,011 31,68,51,472

ExpenseRecognizedinStatementofProfitorLossbm^ AWdm hm{Z H$s {ddaUr ‘| ‘mÝ`Vm àmßV ì``

7,26,29,001 (3,40,25,927)

Net Liability/(Asset) Transfer InA§VaU ‘| ewÕ Xo`VmE°§ / (n[ag§n{Îm)

- -

Net (Liability)/Asset Transfer OutA§VaU Ho$ ~mha ewÕ Xo`VmE°§ / (n[ag§n{Îm)

- -

(BenefitPaidDirectlybytheEmployer){Z`moŠVm Ûmam ^wJVmZ {H$`m J`m bm^

(7,38,12,934) (6,37,24,534)

(Employer's Contribution){Z`moŠVm H$m A§eXmZ

- -

Net Liability/(Asset) Recognized in the Balance SheetVwbZ àmßV ‘| ‘mÝ`Vm àmßV ewÕ Xo`VmE°§/ n[ag§n{Îm`m±

21,79,17,078 21,91,01,011

Experience AdjustmentAZw^d g‘m`moOZ

Actuarial (Gains)/Losses on Obligations - Due to ExperienceAZw^d Ho$ H$maU ~r‘m§{H$H$ (bm^)/hm{Z Xm{`Ëd na hm{Z

ExperienceAZw^d

5,14,28,362 (7,25,32,126)

Return on Plan Assets, Excluding Interest Incomeã`mO Am` H$mo N>mo‹S>H$a `moOZm n[ag§n{Îm`m| na [aQ>©Z

- -



Other DetailsAÝ` {ddaUr

No of Active Membersg{H«$` gXñ`m| H$s g§»`m

798 846

Per Month Salary For Active Membersg{H«$` gXñ`m| H$m à{V ‘mh doVZ

3,72,08,087 3,32,11,276

ProjectedBenefitObligation(PBO)àmoOoŠQ>oS> ~oZo{’$Q> Am°~{bJoeZ (nr~rAmo)

21,79,17,078 21,91,01,011

Prescribed Contribution For Next Year (12 Months)AJbo df© (12 ‘{hZo) Ho$ {bE {ZYm©[aV A§eXmZ

- -


160

^m.H.{Z.

C.C.I.

Post Retirement Medical Benefit Plan

The Company operates a defined post-retirementmedical benefit plan for certain specified employeesand is payable upon the employee satisfying certain conditions.

Recognition and measurement of Defined Benefit plans:The cost of providing defined benefits is determinedusing the Projected Unit Credit method with actuarial valuations being carried out at each reporting date. The defined benefit obligations recognized in the Balancesheetrepresentthepresentvalueofthedefinedbenefitobligations as reduced by the fair value of plan assets, if applicable.

Any defined benefit asset (negative defined benefitobligations resulting from this calculation) is recognized representing the present value of available refunds and reductions in future contributions to the plan.

All expenses represented by current service cost, past service cost, if any, and net interest on the definedbenefit liability/(asset)are recognized in thestatementofProfitandLoss.

Re-measurements of the net defined benefit liability/(asset) comprising actuarial gains and losses and the return on the plan assets (excluding amounts included innetinterestonthenetdefinedbenefitliability/asset),are recognized in Other comprehensive Income. Such re-measurementsarenotreclassifiedtotheStatementof Profit and Loss in the subsequent periods. TheCompany presents the above liability/(asset) as current and non-current in the Balance sheet as per actuarial valuation by the independent actuary; however, the entire liability towards gratuity is considered as current as the company will contribute this amount to the gratuity fund within the next twelve months.

Defined benefit post-retirement medical benefit plan (Unfunded)

The Company operates a defined post-retirementmedicalbenefitplanforcertainspecifiedemployeesandpayable upon the employee satisfying certain conditions.

Aforesaid post-employment benefit plans typicallyexpose the Company to actuarial risks such as:

godm{Zd¥{Îm níMmV {M{H$Ëgm bm^ `moOZm

H§$nZr Hw$N> {Z{X©îQ> H$‘©Mm[a`m| Ho$ {bE n[a^m{fV godm{Zd¥{Îm níMmV {M{H$Ëgm bm^ `moOZm g§Mm{bV H$a ahm h¡ VWm H$‘©Mm[a`m| H$s Hw$N> eVm] H$s g§Vw{ï> Ho$ níMmV ^wJVmZ `mo½` h¡ &

n[a^m{fV bm^ `moOZm H$s ‘mÝ`Vm d AmH$bZ:

n[a^m{fV bm^ àXmZ H$aZo H$s bmJV àË`oH$ [anmo{Qª>J {V{W na {H$E OmZo dmbo AZw‘m{ZV ‘yë`m§H$Z Ho$ gmW AZw‘m{ZV `y{ZQ> H«o${S>Q> nÕ{V H$m Cn`moJ H$aHo$ {ZYm©[aV {H$`m OmVm h¡ & VwbZ nÌ ‘| ‘mÝ`Vm àmßV n[a^m{fV bm^ ~mÜ`Vm H$mo n[a^m{fV bm^ ~mÜ`Vm Ho$ dV©‘mZ ‘yë` H$mo bmJy H$aZo Ho$ {bE moOZm n[ag§n{Îm`m| Ho$ C{MV ‘yë` Ûmam H$‘ {H$`m J`m h¡, `{X bmJy hmo Vmo &

{H$gr n[a^m{fV bm^ n[ag§n{Îm (Bg JUZm Ho$ n[aUm‘ñdê$n ZH$mamË‘H$ n[a^m{fV bm^ Xm{`Ëd) H$mo CnbãY [a’§$S> Ho$ dV©‘mZ ‘yë` VWm `moOZm Ho$ ^mdr A§eXmZ ‘| H$Q>m¡{V H$m à{V{Z{YËd H$aZo Ho$ {bE ‘mÝ`Vm Xr OmVr h¡ &

n[a^m{fV bm^ Xo`Vm /n[ag§n{Îm na dV©‘mZ g{d©g bmJV, yVnyd© g{d©g bmJV, `{X H$moB© hmo, VWm ewÕ ã`mO H$mo bm^ d hm{Z {ddaUr ‘| ‘mÝ`Vm Xr OmVr h¡ &

~r‘m§{H$H$ bm^ d hm{Z VWm `moOZm n[ag§n{Îm na dmngr H$mo em{‘b H$aHo$ (ewÕ n[a^m{fV bm^ Xo`Vm/ n[ag§n{Îm na ewÕ ã`mO ‘| em{‘b am{e H$mo N>mo‹S>H$a) ewÕ n[a^m{fV bm^ Xo`Vm (n[ag§n{Îm) Ho$ nwZ: AmH$bZ H$mo AÝ` ì`mnH$ Am` ‘| ‘mÝ`Vm Xr JB© h¡ & AmJm‘r Ad{Y ‘| Eogo nwZ: AmH$bZ H$mo bm^ d hm{Z {ddaUr ‘| nwZ: dJuH¥$V Zht {H$`m J`m h¡ & H§$nZr Zo CŠV Xo`Vm /(n[ag§n{Îm) H$mo ñdV§Ì EŠ`wAar Ûmam ~r‘m§{H$H$ ‘yë`m§H$Z Ho$ AZwgma VwbZ nÌ ‘| Mmby d J¡a Mmby Ho$ ê$n ‘| àñVwV {H$`m h¡ VWm{n, CnXmZ {Z{Y Ho$ {bE g§nyU© Xo`VmAm| H$mo dV©‘mZ Ho$ ê$n ‘| {dMma {H$`m J`m h¡ My±{H$ H§$nZr AJbo 12 ‘hrZm| Ho$ ^rVa CnXmZ {Z{Y ‘| Bg am{e H$m A§eXmZ H$a XoJr &

n[a^m{fV bm^ godm{Zd¥{Îm níMmV {M{H$Ëgm bm^ `moOZm (Anmo{fV)

H§$nZr Hw$N> {Z{X©îQ> H$‘©Mm[a`m| Ho$ {bE n[a^m{fV godm{Zd¥{Îm níMmV {M{H$Ëgm bm^ `moOZm g§Mm{bV H$a ahm h¡ VWm H$‘©Mm[a`m| H$s Hw$N> eVm] H$s g§Vw{ï> Ho$ níMmV ^wJVmZ `mo½` h¡ &

CŠV {Z`w{º$ Ho$ níMmV bm^ `moOZm Am‘ Vm¡a na H§$nZr H$mo {ZåZ{bpIV ê$n go OrdZm§[H$V$OmopI‘ H$m Iwbmgm H$aVr h¡ &

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Investment risk:

The present value of the defined benefit liability iscalculated using a discount rate which is determined by reference to market yields at the end of the reporting period on government bonds.

Interest Risk:

A decrease in the bond interest rate will increase the plan liability;however, thiswill bepartiallyoffsetbyanincrease in the return on the plan’s investments.

Longevity Risk:The present value of the defined benefit liability iscalculated by reference to the best estimate of the mortality of plan participants both during and after their employment. An increase in the life expectancy of the plan participants will increase the plan’s liability.

Salary Risk:

The present value of the defined benefit liability iscalculated by reference to the future salaries of plan participants. As such, an increase in salary of the plan participants will increase the plan’s liability.

The most recent actuarial valuation of the plan assets andthepresentvalueofdefinedobligationwerecarriedout as on 31.03.2018 by M/s. K.A. Pandit Consultants and Actuaries, Fellow of the Institute of Actuaries of India.Thepresentvalueofthedefinedbenefitobligationand related current service cost were measured using the projected unit credit method.

The following tables summarise the components of definedbenefitexpenserecognizedinthestatementofProfit or Loss/OCI and the amounts recognized in thebalance sheet:

Assumptions:

{Zdoe OmopI‘ :n[a^m{fV bm^ Xo`VmAm| Ho$ dV©‘mZ ‘yë` H$s JUZm {S>ñH$mD$§Q> Xa H$m Cn`moJ H$aVo hþE H$s OmVr h¡ Omo gaH$mar ~m°S>g na [anmo{Qª>J Ad{Y H$s g‘m{á na ~mOma àm{á H$mo XoIVo hþE {ZYm©[aV H$s OmVr h¡ &

ã`mO OmopI‘ :

~m±S> ã`mO Xa ‘| KQ>m¡{V Ho$ H$maU `moOZm Xo`VmAm| ‘| d¥{Õ hmoJr VWm{n Bg `moOZm Ho$ {Zdoe na dmngr ‘| Am§{eH$ ê$n go d¥{Õ hmoJr &

XrKm©d{Y OmopI‘ :

n[a^m{fV bm^ Xo`Vm H$m dV©‘mZ ‘yë` CZH$s amoOJma Ho$ Xm¡amZ Am¡a níMmV XmoZm| ‘| `moOZm à{V^m{J`m| H$s ‘¥Ë`w Xa Ho$ gdm}ËV‘ AZw‘mZ Ho$ g§X^© ‘| JUZm H$s OmVr h¡ & `moOZm à{V^m{J`m| H$s OrdZ àË`mem ‘| d¥{Õ go `moOZm Xo`Vm ‘| d¥{Õ hmoJr &

doVZ OmopI‘ :

`moOZm à{V^m{J`m| Ho$ ^mdr doVZ H$mo XoIVo hþE n[a^m{fV bm^ Xo`Vm Ho$ dV©‘mZ ‘yë` H$s JUZm H$s OmVr h¡ & O¡go {H$ `moOZm à{V^m{J`m| Ho$ doVZ ‘| d¥{Õ go `moOZm Xo`Vm ‘| d¥{Õ hmoJr &

hmb hr ‘| 31 ‘mM©, 2018 H$mo EŠ`warO Am°’$ B§{S>`m Ho$ B§ñQ>rQ>çyQ> Ho$ AYrZ n§OrH¥$V ’$‘© ‘ogg© Ho$.E. n§{S>V Ûmam ßbmZ EgoQ²g H$s ~r‘m§{H$H$ ‘yë`m§H$Z VWm n[a^m{fV Xm{`Ëd H$m dV©‘mZ ‘yë` bJm`m J`m & n[a^m{fV bm^ Xm{`Ëd VWm g§~§{YV Mmby godm bmJV H$m AmH$bZ h‘Zo dV©‘mZ ‘yë` àmoOoŠQ>oS> y{ZQ> H«o${S>Q> ‘oWS> Ho$ à`moJ Ûmam bJm`m h¡ &

{ZåZ{bpIV {ddaUr n[a^m{fV bm^ ì`` Ho$ gmam§{eV KQ>H$m| H$mo bm^ AWdm hm{Z / AmogrAmB© H$s {ddaUr ‘| ‘mÝ`Vm XoVr h¢ VWm ({dËV nmo{fV pñW{V am{e Ho$) g§~§{YV ßbmÝg Ho$ {bE VwbZ nÌ ‘| ‘mÝ`Vm XoVr h¡ &

‘mÝ`VmE§ :-


162

^m.H.{Z.

C.C.I.

FY 2017-18{dËVr` df© 2017-18

FY 2016-17{dËVr` df© 2016-17

FY 2015-16{dËVr` df© 2015-16

Expected Return on Plan Assets `moOZm n[ag§n{Îm`m| na Ano{jV [aQ>Z©

N.A.bmJw Zht

N.A. bmJw Zht

N.A. bmJw Zht

Rate of Discounting {S>ñH$mD$§qQ>J H$s Xa

7.78% 7.27% 8.12%

MedicalCostInflation{M{H$Ëgm bmJV ‘| hþB© ‘wÐm pñ’$Vr

3.00% 3.00% 3.00%

Rate of Employee Turnover H$‘©Mmar Q>Z©Amoda H$s Xa

2.00% 2.00% 2.00%

Mortality Rate During Employment amoOJma Ho$ Xm¡amZ ‘m°aQ>¡{bQ>r Xa

Indian Assured Lives Mortality(2006-08)



Mortality Rate After Employment amoOJma Ho$ níMmV ‘m°aQ>¡{bQ>r Xa

Indian Assured Lives Mortality (2006-08)



Table Showing Change in the Present Value of Projected Benefit Obligation àmoOoŠQ>S> bm^ Xm{`Ëd Ho$ dV©‘mZ ‘yë` ‘| n[adV©Z Xem©Zodmbr Vm{bH$m

(Amount in Rs.) (am{e é. ‘|)



PresentValueofBenefitObligationattheBeginningofthePeriodAd{Y Ho$ àma§^ na bm^ Xm{`Ëd H$m dV©‘mZ ‘yë`

4,45,68,581 3,90,45,979

Interest Cost ã`mO bmJV

32,40,136 31,70,533

Current Service Cost Mmby g{d©g bmJV

14,58,405 14,94,654

Past Service Cost JV g{d©g bmJV

- -

Liability Transferred In/ Acquisitions Xo`VmE°§ A§VaU / YmaU

- -

(Liability Transferred Out/ Divestments) Xo`VmE°§ ~mha A§VaU/ {d{Zdoe

- -

(Gains)/ Losses on Curtailment (bm^)/H$Q>m¡{V na hm{Z`m±

- -

(Liabilities Extinguished on Settlement) ({ZnQ>mZ na Xo`VmE°§ {ZH$mbr JB©)

- -

(BenefitPaidDirectlybytheEmployer)({Z`moŠVm Ûmam grYo bm^ ^wJVmZ)

(23,46,801) (23,07,792)

(BenefitPaidFromtheFund)({Z{Y go bm^ ^wJVmZ)

- -

TheEffectofchangesinForeignExchangeRates{dXoer ‘wÐm Xam| ‘| hþE n[adV©Zm| Ho$ à^md

- -

48 dt dm{f©H$ [anmoQ>© 2017-18

163


^m.H.{Z.

C.C.I.

Actuarial (Gains)/Losses on Obligations - Due to Change in Demographic Assumptions OZgm§p»`H$s` YmaUmAm| ‘| n[adV©Z Ho$ H$maU Xm{`Ëdm| na ~r‘m§{H$H$ bm^/hm{Z`m±

- -

Actuarial (Gains)/Losses on Obligations - Due to Change in Financial Assumptions {dËVr` YmaUmAm| ‘| n[adV©Z Ho$ H$maU Xm{`Ëd na ~r‘m§{H$H$ bm^/hm{Z

(29,18,737) 47,52,186

Actuarial (Gains)/Losses on Obligations - Due to Experience AZw^d Ho$ H$maU Xm{`Ëd na ~r‘m§{H$H$ bm^/hm{Z

(21,09,935) (15,86,979)


4,18,91,649 4,45,68,581

Amount Recognized in the Balance Sheet VwbZ nÌ ‘| ‘mÝ`Vm àmßV am{e (Amount in Rs.)

(am{e é. ‘|)



(PresentValueofBenefitObligationattheendofthePeriod)Ad{Y H$s g‘m{á na bm^ Xm{`Ëd H$m dV©‘mZ ‘yë`

(4,18,91,649) (4,45,68,581)

Fair Value of Plan Assets at the end of the Period Ad{Y H$s g‘m{á na `moOZm n[ag§n{Îm H$m C{MV ‘yë`

- -

FundedStatus(Surplus/(Deficit){dËV nmo{fV pñW{V (A{Yeof/KmQ>m)

(4,18,91,649) (4,45,68,581)

Net (Liability)/Asset Recognized in the Balance Sheet VwbZ nÌ ‘| ‘mÝ`Vm àmßV ewÕ Xo`VmE°§/ n[ag§n{Îm

(4,18,91,649) (4,45,68,581)

Net Interest Cost for Current Period Mmby Ad{Y Ho$ {bE ewÕ ã`mO bmJV (Amount in Rs.)

(am{e é. ‘|)




4,45,68,581 3,90,45,979

(Fair Value of Plan Assets at the Beginning of the Period) (Ad{Y Ho$ Ama§^ ‘| `moOZm n[ag§n{Îm H$m C{MV ‘yë`)

- -

Net Liability/(Asset) at the Beginning Ama§^ ‘| ewÕ(Xo`VmE°§) / n[ag§n{Îm

4,45,68,581 3,90,45,979

Interest Cost ã`mO bmJV

32,40,136 31,70,533

(Interest Income) (ã`mO Am`)

- -

Net Interest Cost for Current Period Mmby Ad{Y ‘| ewÕ ã`mO bmJV

32,40,136 31,70,533


164

^m.H.{Z.

C.C.I.

Expenses Recognized in the Statement of Profit or Loss for Current Period Mmby Ad{Y Ho$ {bE bm^ AWdm hm{Z H$s {ddaUr ‘| ‘mÝ`Vm àmßV ì`` (Amount in Rs.)

(am{e é. ‘|)



Current Service Cost Mmby godm bmJV

14,58,405 14,94,654

Net Interest Cost ewÕ ã`mO bmJV

32,40,136 31,70,533

Past Service Cost VËH$m{bZ godm bmJV

- -

(Expected Contributions by the Employees) H$‘©Mm[a`m| Ûmam Ano{jV A§eXmZ

- -

(Gains)/Losses on Curtailments And Settlements (bm^)/ H$Q>m¡{V na hm{Z`m± Am¡a {ZnQ>mZ

- -


- -

Expenses Recognized ‘mÝ`Vm àmßV ì``

46,98,541 46,65,187

Expenses Recognized in the Other Comprehensive Income (OCI) for Current Period Mmby Ad{Y Ho$ {bE AÝ` ì`mnH$ Am` (AmogrAm`) ‘| ‘mÝ`Vm àmßV ì`` (Amount in Rs.)

(am{e é. ‘|)



Actuarial (Gains)/Losses on Obligation For the Period Ad{Y Ho$ {bE Am¡{MË` na ~r‘m§{H$H$ (bm^) /hm{Z

(50,28,672) 31,65,207

Return on Plan Assets, Excluding Interest Income ã`mO Am` N>moS>H$a `moOZm n[ag§n{Îm`m| na [aQ>Z©

- -

Change in Asset Ceiling n[ag§n{Îm`m| H$s grqbJ ‘| n[adV©Z

- -

Net (Income)/Expense For the Period Recognized in OCI AmogrAmB© ‘| ‘mÝ`Vm àmßV Ad{Y Ho$ {bE ewÕ Am` / ì``

(50,28,672) 31,65,207

48 dt dm{f©H$ [anmoQ>© 2017-18

165


^m.H.{Z.

C.C.I.

Balance Sheet Reconciliation VwbZ nÌ g‘mYmZ (Amount in Rs.)

(am{e é. ‘|)



Opening Net Liability ewÕ Xo`VmE°§ Ama§^

4,45,68,581 3,90,45,979

ExpensesRecognizedinStatementofProfitorLossbm^ AWdm hm{Z H$s {ddaUr ‘| ‘mÝ`Vm àmßV ì``

46,98,541 46,65,187

Expenses Recognized in OCI AmogrAmB© ‘| ‘mÝ`Vm àmßV ì``

(50,28,672) 31,65,207

Net Liability/(Asset) Transfer In A§VaU ‘| ewÕ Xo`VmE°§ / (n[ag§n{Îm)

- -

Net (Liability)/Asset Transfer Out A§VaU Ho$ ~mha ewÕ Xo`VmE°§ / (n[ag§n{Îm)

- -

(BenefitPaidDirectlybytheEmployer){Z`moŠVm Ûmam ^wJVmZ {H$`m J`m bm^

(23,46,801) (23,07,792)

(Employer's Contribution) {Z`moŠVm H$m A§eXmZ

- -

Net Liability/(Asset) Recognized in the Balance Sheet VwbZ nÌ ‘| ‘mÝ`Vm àmßV ewÕ Xo`VmE°§/ n[ag§n{Îm`m±

4,18,91,649 4,45,68,581

Other Details AÝ` OmZH$m[a`m± (Amount in Rs.)

(am{e é. ‘|)



No of Active Members g{H«$¶ gXñ¶m| H$s g§»¶m

788 839

No of Retired Employees godm {Zd¥Îm gXñ¶m| H$s g§»¶m

438 395

No of Persons Covered H$da {H$E JE ì¶{º$Am| H$s g§»¶m

817 742

àmoOo³Q>oS> ~oZo{’$Q> Am°~{bJoeZ Ho$ ^m[aV Am¡gV Ad{YWeightedAverageDurationoftheProjectedBenefitObligation

19 19

Ano{jV ^mdr godm H$m Am¡gVAverage Expected Future Service

29 29

ProjectedBenefitObligation(PBO)àmoOo³Q>oS> ~oZo{’$Q> Am°~{bJoeZ (nr~rAmo)

4,18,91,649 4,45,68,581

AJbo df© (12 ‘{hZo) Ho$ {bE {ZYm©[aV A§eXmZ (12 ‘mh) Prescribed Contribution For Next Year (12 Months)

- -


166

^m.H.{Z.

C.C.I.

AJbo df© Ho$ {bE ewÕ ã¶mO bmJVNet Interest Cost for Next Year (Amount in Rs.)

(am{e é. ‘|)

Current Period Previous Period

Ad{Y H$s g‘m{á na bm^ Xm{`Ëdm| H$m C{MV ‘yë`PresentValueofBenefitObligationattheEndofthePeriod

41,891,649 44,568,581

(Ad{Y H$s g‘m{á na nmag§n{Îm`m| H$m C{MV ‘yë`)(Fair Value of Plan Assets at the End of the Period)

- -

Ad{Y H$s g‘m{á na ewÕ Xo`VmE°§/ (n[ag§n{Îm) Net Liability/(Asset) at the End of the Period

4,18,91,649 4,45,68,581

ã`mO bmJV Interest Cost

32,59,170 32,40,136

(ã`mO Am`)(Interest Income)

- -

AJbo df© Ho$ {bE ewÕ ã`mO bmJV Net Interest Cost for Next Year

32,59,170 32,40,136

Expenses Recognized in the Statement of Profit or Loss for Next Year (Amount in Rs.)

(am{e é. ‘|)



Mmby godm bmJV Current Service Cost

11,99,727 14,58,405

ewÕ ã`mO bmJV Net Interest Cost

32,59,170 32,40,136

(H$‘©Mm[a`m| Ûmam Ano{jV A§eXmZ) (Expected Contributions by the Employees)

- -

‘mÝ`Vm àmßV ì`` Expenses Recognized

44,58,897 46,98,541

Maturity Analysis of Projected Benefit Obligation: From the Employer (Amount in Rs.) (am{e é. ‘|)



[anmo{Qª>J H$s VmarI go ^mdr dfm] ‘| ^wJVmZ `mo½` àmoOoŠQ>oS> bm^ ProjectedBenefitsPayableinFutureYearsFromtheDateofReporting1bm AJbm df© 1st Following Year

42,74,340 71,69,151

2am AJbm df© 2nd Following Year

39,37,670 37,24,431

3am AJbm df© 3rd Following Year

35,04,017 32,03,206

4Wm AJbm df© 4th Following Year

32,63,142 30,16,123

5dm± AJbm df© 5th Following Year

31,50,527 29,08,318

6 go 10 do df© VH$ Hw$b Sum of Years 6 To 10

66,63,998 65,38,061

48 dt dm{f©H$ [anmoQ>© 2017-18

167


^m.H.{Z.

C.C.I.

Sensitivity Analysis (am{e é. ‘|) (Amount in Rs.)

Current Period Mmby Ad{Y


Mmby YmaUmAm| na àmoOoŠQ>oS> bm^ Xm{`Ëd ProjectedBenefitObligationonCurrentAssumptions

4,18,91,649 4,45,68,581

{S>ñH$mD$§qQ>J Xa ‘| So>ëQ>m à^md H$m +1% n[adV©Z DeltaEffectof+1%ChangeinRateofDiscounting

(76,04,032) (80,89,940)

{S>ñH$mD$§qQ>J H$s Xa ‘| So>ëQ>m à^md H$m -1% n[adV©Z DeltaEffectof-1%ChangeinRateofDiscounting

86,84,843 92,39,816

{M{H$Ëgm bmJV ‘wÐm pñWVr ‘| So>ëQ>m à^md H$m +1% n[adV©Z DeltaEffectof+1%ChangeinMedicalCostInflation

87,34,430 92,92,572

{M{H$Ëgm bmJV ‘wÐm pñWVr ‘| So>ëQ>m à^md H$m +1% n[adV©Z DeltaEffectof-1%ChangeinMedicalCostInflation

(80,76,132) (85,92,207)

H$‘©Mmar Q>Z©Amoda H$s Xa ‘| So>ëQ>m à^md H$m +1% n[adV©Z DeltaEffectof+1%ChangeinRateofEmployeeTurnover

(61,85,302) (65,80,551)

H$‘©Mmar Q>Z©Amoda H$s Xa ‘| So>ëQ>m à^md H$m -1% n[adV©Z DeltaEffectof-1%ChangeinRateofEmployeeTurnover

63,89,733 67,98,046

n[a^m{fV bm^ CnXmZ `moOZm ({dËV nmo{fV)

H§$nZr ‘| AnZo H$‘©Mm[a`m| Ho$ {bE n[a^m{fV bm^ CnXmZ `moOZm h¡ {Og‘| AbJ go àemg{ZH$ {Z{Y Ho$ A§eXmZ H$s Amdí`H$Vm h¡ (X H$m°Q>Z H$m°anmoaoeZ Am°’$ B§{S>`m {b. H$‘©Mmar CnXmZ {Z{Y) & `h CnXmZ wJVmZ A{Y{Z`‘ 1972 Ho$ Ûmam {Z`§{ÌV {H$`m OmVm h¡ & Bg A{Y{Z`‘ Ho$ AYrZ do H$‘©Mmar BgHo$ nmÌ hm|Jo {OÝhm|Zo 5 dfm] H$s godm nyU© H$s h¡ & Bg bm^ Ho$ ñVa H$m àmdYmZ godm{Zd¥{Îm Ho$ g‘` gXñ` H$s BgHo$ godm H$s Ad{Y Ed§ godm {Zd¥{Îm Ho$ g‘` doVZ na {Z^©a h¡ & `h {Z{Y Ý`mg ‘§S>b Ûmam {Z`§{ÌV EH$ Ý`mg h¡ & Ý`mgr ‘§S>b ^maV gaH$ma Ûmam {ZYm©[aV ‘mZX§S>m| Ho$ AZwgma {Z{Y Ho$ {Zdoe H$mo em{‘b H$aVo hþE n[ag§n{Îm`m| Ho$ ßbmZb EgoQ²g Ho$ àemgZ hoVw {Oå‘oXma h¡ &

hmb hr ‘| 31 ‘mM©, 2018 H$mo EŠ`warO Am°’$ B§{S>`m Ho$ B§ñQ>rQ>çyQ> Ho$ AYrZ n§OrH¥$V ’$‘© ‘ogg© Ho$.E. n§{S>V Ûmam ßbmZ EgoQ²g H$s ~r‘m§{H$H$ ‘yë`m§H$Z VWm n[a^m{fV Xm{`Ëd H$m dV©‘mZ ‘yë` bJm`m J`m & n[a^m{fV bm^ Xm{`Ëd VWm g§~§{YV Mmby godm bmJV H$m AmH$bZ h‘Zo dV©‘mZ ‘yë` àmoOoŠQ>oS> `y{ZQ> H«o${S>Q> ‘oWS> Ho$ à`moJ Ûmam bJm`m &

{ZåZ{bpIV {ddaUr n[a^m{fV bm^ ì`` Ho$ gmam§{eV KQ>H$m| H$mo bm^ AWdm hm{Z / AmogrAmB© H$s {ddaUr ‘| ‘mÝ`Vm XoVr h¢ VWm ({dËV nmo{fV pñW{V am{e Ho$) g§~§{YV ßbmÝg Ho$ {bE VwbZ nÌ ‘| ‘mÝ`Vm XoVr h¡ &

Defined benefit gratuity plan (Funded)The company has defined benefit gratuity plan for itsemployees, which requires contributions to be made to a separately administered fund (The Cotton Corporation of India Ltd Employees’ Gratuity Fund). It is governed by the Payment of Gratuity Act, 1972. Under the Act, employee who has completed five years of service isentitledtospecificbenefit.Thelevelofbenefitsprovideddepends on the member’s length of service and salary at retirement age. The fund has the form of a trust and it is governed by the Board of Trustees. The Board of Trustees is responsible for the administration of the plan assets including investment of the funds in accordance with norms prescribed by the Government of India.

The most recent actuarial valuation of the plan assets and thepresentvalueofdefinedobligationwerecarriedoutasat31stMarch,2018byM/sK.A.Pandit,firmregisteredunder Institute of Actuaries of India. The present value ofthedefinedbenefitobligationandtherelatedcurrentservice cost we measured using the projected unit credit method.

The following tables summarize the components of definedbenefitexpenserecognisedinthestatementofProfit or loss/OCI and the funded status and amountsrecognised in the Balance sheet for the respective plans:


168

^m.H.{Z.

C.C.I.

^maVr` boIm§{H$V ‘mZH$ 19 Ho$ AZwgma (B§S>EEg19) CnXmZ {Z{Y àH$Q>Z {ddaUr

{XZm§H$ 01.04.2017 go 31.03.2018 hoVw

Mmby Ad{Y {nN>br Ad{Y

bm^ Ho$ àH$ma CnXmZ CnXmZ

Xoe ^maV ^maV

[anmo{Qª>J ‘wÐm AmB©EZAma AmB©EZAma

[anmo{Qª>J ‘mZH$ ^maVr` boIm§{H$V ^maVr` boIm§{H$V

‘mZH$ 19 (B§S>EEg 19)

‘mZH$ 19 (B§S>EEg 19)

{dËV nmo{fV pñW{V {dËV nmo{fV {dËV nmo{fV

Ama§{^H$ H$s Ad{Y 01-Aà¡b-17 01-Aà¡b-16

[anmo{Qª>J H$s VmarI 31-‘mM©-18 31-‘mM©-17

[anmo{Qª>J H$s Ad{Y 12 ‘{hZo 12 ‘hrZo

YmaUmE°§ (JV Ad{Y)


7.27% 7.86%

{S>ñH$mD$§qQ>J H$s Xa 7.27% 7.86%

doVZ ‘| d¥{Õ H$s Xa 7.00% 7.00%


2.00% 2.00%

amoOJma Ho$ Xm¡amZ ‘m°aQ>¡{bQ>r Xa




bmJy Zht bmJy Zht

YmaUmE°§ (Mmby Ad{Y)


7.78% 7.27%

{S>ñH$mD$§qQ>J H$s Xa 7.78% 7.27%

doVZ ‘| d¥{Õ H$s Xa 7.00% 7.00%


2.00% 2.00%

amoOJma Ho$ Xm¡amZ ‘m°aQ>¡{bQ>r Xa




bmJy Zht bmJy Zht

Gratuity Disclosure Statement as Per Indian Accounting Standard 19 (Ind AS 19)

For The Period 01/04/2017 - 31/03/2018

Current Period

Previous Period

TypeofBenefit Gratuity GratuityCountry India IndiaReporting Currency INR INRReporting Standard Indian

AccountingIndian

AccountingStandard 19 (Ind AS 19)

Standard 19 (Ind AS 19)

Funding Status Funded Funded

Starting Period 01-Apr-17 01-Apr-16Date of Reporting 31-Mar-18 31-Mar-17Period of Reporting 12 Months 12 Months

Assumptions (Previous Period)


7.27% 7.86%

Rate of Discounting 7.27% 7.86%Rate of Salary Increase 7.00% 7.00%


2.00% 2.00%


Indian Assured Lives

Mortality (2006-08)


Mortality (2006-08)


N.A. N.A.

Assumptions (Current Period)


7.78% 7.27%

Rate of Discounting 7.78% 7.27%Rate of Salary Increase 7.00% 7.00%Rate of Employee Turnover

2.00% 2.00%



Mortality (2006-08)


Mortality (2006-08)


N.A. N.A.

48 dt dm{f©H$ [anmoQ>© 2017-18

169


^m.H.{Z.

C.C.I.

Table Showing Change in the Present Value of Projected Benefit ObligationàmoOoŠQ>S> bm^ Xm{`Ëd Ho$ dV©‘mZ ‘yë` ‘| n[adV©Z Xem©Zodmbr Vm{bH$m

(am{e é. ‘|)



PresentValueofBenefitObligationattheBeginningofthePeriodAd{Y Ho$ àma§^ na bm^ Xm{`Ëd H$m dV©‘mZ ‘yë`

30,34,86,313 32,73,62,210


2,20,63,455 2,57,30,670

Current Service Cost Mmby g{d©g bmJV

95,79,829 92,34,586

Past Service CostJV g{d©g bmJV

8,93,36,227 -

Liability Transferred In/ AcquisitionsXo`VmE°§ A§VaU / YmaU

- -

(Liability Transferred Out/ Divestments)Xo`VmE°§ ~mha A§VaU/ {d{Zdoe

- -

(Gains)/ Losses on Curtailment(bm^)/H$Q>m¡{V na hm{Z`m±

- -

(Liabilities Extinguished on Settlement)({ZnQ>mZ na Xo`VmE°§ {ZH$mbr JB©)

- -

(BenefitPaidDirectlybytheEmployer)({Z`moŠVm Ûmam grYo bm^ ^wJVmZ)

- -

(BenefitPaidFromtheFund)({Z{Y go bm^ ^wJVmZ)

(4,93,18,324) (6,49,28,111)

TheEffectOfChangesinForeignExchangeRates{dXoer ‘wÐm Xam| ‘| hþE n[adV©Zm| Ho$ à^md

- -

Actuarial (Gains)/Losses on Obligations - Due to Change in Demographic AssumptionsOZgm§p»`H$s` YmaUmAm| ‘| n[adV©Z Ho$ H$maU Xm{`Ëdm| na ~r‘m§{H$H$ bm^/hm{Z`m±

- -

Actuarial (Gains)/Losses on Obligations - Due to Change in Financial Assumptions{dËVr` YmaUmAm| ‘| n[adV©Z Ho$ H$maU Xm{`Ëd na ~r‘m§{H$H$ bm^/hm{Z

(1,31,75,586) 1,12,89,723

Actuarial (Gains)/Losses on Obligations - Due to ExperienceAZw^d Ho$ H$maU Xm{`Ëd na ~r‘m§{H$H$ bm^/hm{Z

3,93,07,330 (52,02,765)


40,12,79,244 30,34,86,313


170

^m.H.{Z.

C.C.I.

(Amount in Rs.)(am{e é. ‘|)

Table Showing Change in the Fair Value of Plan Assets`moOZm n[ag§n{Îm Ho$ C{MV ‘yë` ‘| n[adV©Z Xem©Zodmbr Vm{bH$m



Fair Value of Plan Assets at the Beginning of the periodAd{Y Ho$ Ama§^ ‘| bm^ Xm{`Ëd H$m C{MV ‘yë`

29,00,70,481 31,67,71,134

Interest Incomeã`mO Am`

2,10,88,124 24,898,211

Contributions by the Employer{Z`moŠVm Ûmam A§eXmZ

1,34,15,832 1,05,91,076

Expected Contributions by the EmployeesH$‘©Mmar Ûmam Ano{jV A§eXmZ

- -

Assets Transferred in/Acquisitionsn[ag§n{Îm`m± A§VaU ‘| / YmaU

- -

(Assets Transferred Out/Divestments)(n[ag§n{Îm`m± A§VaU Ho$ ~mha/ {d{Zdoe)

- -

(BenefitsPaidfromtheFund)({Z{Y go ^wJVmZ {H$`m J`m bm^)

(4,93,18,324) (6,49,28,111)

(Assets Distributed on Settlements)({ZnQ>mZ na {dV[aV n[ag§n{Îm`m±)

- -

EffectsofAssetCeilingn[ag§n{Îm grqbJ Ho$ à^md

- -

TheEffectofChangesinForeignExchangesRates{dXoer ‘wÐm Xam| ‘| n[adV©Z Ho$ à^md

- -

Return on Plan Assets, Excluding Interest Incomeã`mO Am` H$mo N>mo‹S>H$a `moOZm n[ag§n{Îm`m| na [aQ>Z©

62,96,729 27,38,171

Fair Value of Plan Assets at the End of the periodAd{Y H$s g‘m{á na `moOZm n[ag§n{Îm`m| H$m C{MV ‘yë`

28,15,52,842 29,00,70,481


Amount Recognized in the Balance SheetVwbZ nÌ ‘| ‘mÝ`Vm àmßV am{e



(PresentValueofBenefitObligationattheendofthePeriod)(Ad{Y H$s g‘m{á na bm^ Xm{`Ëd H$m dV©‘mZ ‘yë`)

(40,12,79,244) (30,34,86,313)

Fair Value of Plan Assets at the end of the PeriodAd{Y H$s g‘m{á na `moOZm n[ag§n{Îm H$m C{MV ‘yë`

28,15,52,842 29,00,70,481

FundedStatus(Surplus/(Deficit)){dËV nmo{fV pñW{V (A{Yeof/KmQ>m)

(11,97,26,402) (1,34,15,832)

Net (Liability)/Asset Recognized in the Balance SheetVwbZ nÌ ‘| ‘mÝ`Vm àmßV ewÕ Xo`VmE°§/ n[ag§n{Îm

(11,97,26,402) (1,34,15,832)

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30,34,86,313 32,73,62,210

(Fair Value of Plan Assets at the Beginning of the Period)(Ad{Y Ho$ Ama§^ ‘| `moOZm n[ag§n{Îm H$m C{MV ‘yë`)

(29,00,70,481) (31,67,71,134)

Net Liability/(Asset) at the BeginningAma§^ ‘| ewÕ(Xo`VmE°§) / n[ag§n{Îm

1,34,15,832 1,05,91,076


2,20,63,455 2,57,30,670


(2,10,88,124) (2,48,98,211)

Net Interest Cost for Current PeriodMmby Ad{Y ‘| ewÕ ã`mO bmJV

9,75,331 8,32,459


Expenses Recognized in the Statement of Profit or Loss for Current PeriodMmby Ad{Y Ho$ {bE bm^ AWdm hm{Z H$s {ddaUr ‘| ‘mÝ`Vm àmßV ì``




95,79,829 92,34,586


9,75,331 8,32,459

Past Service CostVËH$m{bZ godm bmJV

8,93,36,227 -

(Expected Contributions by the Employees)(H$‘©Mm[a`m| Ûmam Ano{jV A§eXmZ)

- -

(Gains)/Losses on Curtailments And Settlements(bm^)/ H$Q>m¡{V na hm{Z`m± Am¡a {ZnQ>mZ

- -


- -

Expenses Recognized‘mÝ`Vm àmßV ì``

9,98,91,387 1,00,67,045


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Balance Sheet ReconciliationVwbZ nÌ g‘mYmZ



Opening Net LiabilityAma§{^H$ ewÕ Xo`VmE°§

1,34,15,832 1,05,91,076

ExpensesRecognizedinStatementofProfitorLossbm^ AWdm hm{Z H$s {ddaUr ‘| ‘mÝ`Vm àmßV ì``

9,98,91,387 1,00,67,045

Expenses Recognized in OCIAmogrAmB© ‘| ‘mÝ`Vm àmßV ì``

1,98,35,015 33,48,787

Net Liability/(Asset) Transfer InA§VaU ‘| ewÕ Xo`VmE°§ / (n[ag§n{Îm)

- -

Net (Liability)/Asset Transfer OutA§VaU Ho$ ~mha ewÕ Xo`VmE°§ / (n[ag§n{Îm)

- -

(BenefitPaidDirectlybytheEmployer)({Z`moŠVm Ûmam ^wJVmZ {H$`m J`m bm^)

- -

(Employer's Contribution)({Z`moŠVm H$m A§eXmZ)

(1,34,15,832) (1,05,91,076)

Net Liability/(Asset) Recognized in the Balance SheetVwbZ nÌ ‘| ‘mÝ`Vm àmßV ewÕ Xo`VmE°§/n[ag§n{Îm`m±

11,97,26,402 1,34,15,832

(Amount in Rs.)(am{e é. ‘|)

Category of Assetsn[ag§n{Îm`m| H$s loUr



Government of India Assets^maV gaH$ma H$s n[ag§n{Îm

4,21,79,400 4,21,79,400

State Government SecuritiesamÁ` gaH$ma à{V^y{V`m±

7,46,85,000 7,46,85,000

Special Deposits Scheme{deof O‘m `moOZm

1,87,77,495 1,87,77,495

Debt InstrumentsSo>ãQ> B§ñQ¯>‘|Q²g

- -

Corporate BondsH$m°nm}aoQ> ~m°ÝS>g

14,59,10,947 15,44,28,586

Cash And Cash EquivalentsZH$X d ZH$X g‘Vwë`

- -

Insurance fund~r‘m {Z{Y

- -

Asset-Backed SecuritiesEgoQ²g ~¡ŠS> à{V^y{V`m±

- -

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Structured Debtg§a{MV F$U

- -

OtherAÝ`

- -

Total`moJ

28,15,52,842 29,00,70,481


Other DetailsAÝ¶ OmZH$m[a¶m±



No of Active Membersg{H«$¶ gXñ¶m| H$s g§»¶m

798 848

Per Month Salary For Active Membersg{H«$¶ gXñ¶m| Ho$ {bE à{V ‘mh doVZ

3,72,08,087 3,32,87,008

WeightedAverageDurationoftheProjectedBenefitObligationàmoOo³Q>oS> ~oZo{’$Q> Am°~{bJoeZ Ho$ ^m[aV Am¡gV Ad{Y

8 8

Average Expected Future ServiceAno{jV ^mdr godm H$m Am¡gV

13 13

ProjectedBenefitObligationàmoOo³Q>oS> ~oZo{’$Q> Am°~{bJoeZ

40,12,79,244 30,34,86,313

Prescribed Contribution For Next Year (12 Months)AJbo df© (12 ‘{hZo) Ho$ {bE {ZYm©[aV A§eXmZ

3,72,08,087 2,29,95,661

(Amount in Rs.) (am{e ê$. ‘|)

Expenses Recognized in the Other Comprehensive Income (OCI) for Current PeriodMmby Ad{Y Ho$ {bE AÝ` ì`mnH$ Am` (AmogrAm`) ‘| ‘mÝ`Vm àmßV ì``

Actuarial (Gains)/Losses on Obligation For the PeriodAd{Y Ho$ {bE Am¡{MË` na ~r‘m§{H$H$ (bm^)/hm{Z

2,61,31,744 60,86,958

Return on Plan Assets, Excluding Interest Incomeã`mO Am` N>moS>H$a `moOZm n[ag§n{Îm`m| na [aQ>Z©

(62,96,729) (27,38,171)

Change in Asset Ceilingn[ag§n{Îm`m| H$s grqbJ ‘| n[adV©Z

- -

Net (Income)/Expense For the Period Recognized in OCIAmogrAmB© ‘| ‘mÝ`Vm àmßV Ad{Y Ho$ {bE ewÕ Am` / ì``

1,98,35,015 33,48,787


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Net Interest Cost for Next YearAJbo df© Ho$ {bE ewÕ ã`mO bmJV



PresentValueofBenefitObligationattheEndofthePeriodAd{Y H$s g‘m{á na bm^ Xm{`Ëdm| H$m C{MV ‘yë`

401,279,244 30,34,86,313

(Fair Value of Plan Assets at the End of the Period)(Ad{Y H$s g‘m{á na nmag§n{Îm`m| H$m C{MV ‘yë`)

(281,552,842) (29,00,70,481)

Net Liability/(Asset) at the End of the PeriodAd{Y H$s g‘m{á na ewÕ Xo`VmE°§/ (n[ag§n{Îm)

11,97,26,402 1,34,15,832


3,12,19,525 22,063,455


(2,19,04,811) (2,10,88,124)

Net Interest Cost for Next YearAJbo df© Ho$ {bE ewÕ ã`mO bmJV

93,14,714 9,75,331


Expenses Recognized in the Statement of Profit or Loss for Next YearAJbo df© Ho$ {bE bm^ AWdm hm{Z H$s {ddaUr ‘| ‘mÝ`Vm àmßV ì``




1,50,08,714 95,79,829


93,14,714 9,75,331

(Expected Contributions by the Employees)(H$‘©Mm[a`m| Ûmam Ano{jV A§eXmZ)

- -

Expenses Recognized‘mÝ`Vm àmßV ì``

2,43,23,428 1,05,55,160

(Amount in Rs.)(am{e ê$. ‘|)

Maturity Analysis of the Benefit Payments: From the Fundbm^ ^wJVmZ Ho$ n[anŠdVm {díbofU: {Z{Y go


Previous PeriodMmby Ad{Y

ProjectedBenefitsPayableinFutureYearsFromtheDateofReporting[anmo{Qª>J H$s VmarI go ^mdr dfm] ‘| ^wJVmZ `mo½` àmoOoŠQ>oS> bm^ 1st Following Year1bm AJbm df©

11,23,22,200 6,02,21,388

2nd Following Year2am AJbm df©

1,89,20,287 3,45,06,352

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3rd Following Year3am AJbm df©

3,02,09,683 2,85,02,551

4th Following Year4Wm AJbm df©

2,92,87,643 2,05,22,444

5th Following Year5dm± AJbm df©

2,63,53,599 1,95,04,173

Sum of Years 6 To 106 go 10 do df© VH$ Hw$b

14,64,04,758 10,27,03,869

(Amount in Rs.)(am{e ê$. ‘|)

Sensitivity Analysisg§doXZerb {díbofU



ProjectedBenefitObligationonCurrentAssumptionsMmby YmaUmAm| na àmoOoŠQ>oS> bm^ Xm{`Ëd

40,12,79,244 30,34,86,313

DeltaEffectof+1%ChangeinRateofDiscounting{S>ñH$mD$§qQ>J Xa ‘| So>ëQ>m à^md H$m +1% n[adV©Z

(2,32,17,986) (1,85,90,205)

DeltaEffectof-1%ChangeinRateofDiscounting{S>ñH$mD$§qQ>J H$s Xa ‘| So>ëQ>m à^md H$m -1% n[adV©Z

2,67,95,423 2,15,39,632

DeltaEffectof+1%ChangeinRateofSalaryIncreasedoVZ d¥{Õ H$s Xa ‘| So>ëQ>m à^md H$m +1% n[adV©Z

2,35,22,353 98,29,641

DeltaEffectof-1%ChangeinRateofSalaryIncreasedoVZ d¥{Õ H$s Xa ‘| So>ëQ>m à^md H$m -1% n[adV©Z

(2,17,53,615) (1,12,76,055)

DeltaEffectof+1%ChangeinRateofEmployeeTurnoverH$‘©Mmar Q>Z©Amoda H$s Xa ‘| So>ëQ>m à^md H$m +1% n[adV©Z

21,57,283 26,75,781

DeltaEffectof-1%ChangeinRateofEmployeeTurnoverH$‘©Mmar Q>Z©Amoda H$s Xa ‘| So>ëQ>m à^md H$m -1% n[adV©Z

(24,26,274) (30,17,308)


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• 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 above may not be representative of the actual change in the projected benefitobligationasitisunlikelythatthechangeinassumptions would occur in isolation of one another as some of the assumptions may be correlated.

• Furthermore, in presenting the above sensitivity analysis,thepresentvalueoftheprojectedbenefitobligation has been calculated using the projected unit credit method at the end of the reporting period, which is the same method as applied in calculating theprojectedbenefitobligationasrecognisedinthebalance sheet.

• There was no change in the methods andassumptions used in preparing the sensitivity analysis from prior years.

Notes

• Gratuity is payable as per company's scheme as detailed in the report.

• Actuarial gains/losses are recognized in the period of occurrence under Other Comprehensive Income (OCI).AllabovereportedfiguresofOCIaregrossoftaxation.

• Salaryescalation&attritionrateareconsideredasadvised by the company; they appear to be in line with the industry practice considering promotion and demand & supply of the employees.

• Maturity Analysis of Benefit Payments isundiscounted cashflows considering future salary,attrition & death in respective year for members as mentioned above for forseable future of next 10 years.

• Average Expected Future Service representsEstimated Term of Post - Employment BenefitObligation.

• Value of asset provided by the company isconsidered as fair value of plan asset for the period of reporting as same is not evaluated by the Actuary.

• g§dXoZerb {dûcofU H$mo [anmo{Q>ªJ Ad{Y H$s g‘mpßV na hmoZodmbo g§~§{YV ‘mÝ¶VmAm| Ho$ {Za§Va g§^m{dV n[adV©Zm| Ho$ AmYma na {ZYm©[aV {H$¶m J¶m h¢ O~{H$ AÝ¶ ‘mÝ¶VmE± pñWa aIr JB© h¡ &

• CnamoŠV àñVwV g§doXZerb {díbofU àmoOoŠQ>oS> ~oZr{’$Q> Xm{`Ëd ‘| dmñV{dH$ n[adV©Z H$m à{V{Z{YËd Zht H$aVr Š`m|{H$ `h g§^mdZm Zht h¡ {H$ ‘mÝ`VmAm| ‘| n[adV©Z EH$ Xygao go AbJ hmo& Hw$N> ‘mÝ`VmE°§ EH$ Xygao go Ow‹S>r hþB© h¡ &

• AmJo CnamoŠV g§doXZerb {díbofU H$mo àñVwV H$aZo ‘| àmoOoŠQ>oS> Am°~brHo$eZ H$s dV©‘mZ ‘yë` àmoOoŠQ>oS> `y{ZQ> H«o${S>Q> ‘oWS> H$m Cn`moJ H$aHo$ JUZm H$s JB© h¡ Omo VwbZ nÌ ‘| ‘mÝ`Vm {XE AZwgma àmoOoŠQ>oS> ~oZr{’$Q> Am°~brJoeZ H$s JUZm ‘| Cgr nÕ{V H$m Cn`moJ {H$`m J`m h¡ &

• g§doXZerb {díbofU H$mo V¡`ma H$aZo ‘| {nN>bo dfm] go Cn`moJ H$s JB© nÕ{V d ‘mÝ`VmAm| ‘| H$moB© n[adV©Z Zht h¡ &

ZmoQ²g

• [anmoQ>© ‘| {XE JE {ddaU Ho$ AZwgma CnXmZ {Z{Y H§$nZr H$s ñH$s‘ Ho$ AZwgma ^wJVmZ `mo½` h¡ &

• AÝ` ì`mnH$ Am` Ho$ A§VJ©V KQ>Zm H$s Ad{Y ‘| ~r‘m§{H$H$ bm^/hm{Z H$mo ‘mÝ`Vm Xr JB© h¡ & Cn`w©ŠV g^r [anmoQ>© H$s JB© AÝ` ì`mnH$ Am` Ho$ Am±H$‹S>o H$amYmZ H$m gH$b h¡ &

• doVZ EgHo$boeZ VWm E{Q´EeZ H$mo H§$nZr Ûmam gy{MV {H$E AZwgma {dMma {H$`m J`m h¡ H$‘©Mm[a`m| H$s nXmoÝZ{V VWm ‘m±J d Amny{V© H$m {dMma H$aVo hþE CÚmoJ H$s àWm Ho$ AZwgma àH$Q> {H$`m J`m h¡ &

• bm^ ^wJVmZ Ho$ ‘¡À`w[aQ>r {díbofU ^{dî` Ho$ AmJo 10 dfm] Ho$ {bE Cn`w©ŠV ~Vm`o JE gXñ`m| hoVw g§~§{YV df© ‘| ^mdr doVZ, EQ´rEeZ VWm ‘¥Ë`w H$mo Ü`mZ ‘| aIVo hþE AZ{S>ñH$mD$§Q>oS> ZH$X àdmh h¡ &

• Am¡gV Ano{jV ^mdr godm AZw‘m{ZV nX H$s Ad{Y amoOJma bm^ Xm{`Ëd H$m à{V{Z{YËd H$aVm h¡ &

• ŠbmBªQ> Ûmam CnbãY H$am`r JB© n[ag§n{Îm H$m ‘yë` [anmo{Qª>J Ad{Y Ho$ {bE ßbmZ n[ag§n{Îm Ho$ C{MV ‘yë` na {dMma {H$`m J`m h¡ Š`m|{H$ h‘mao ~r‘m§{H$H$ Ûmam CgH$m ‘yë`m§H$Z Zht {H$`m J`m h¡ &

48 dt dm{f©H$ [anmoQ>© 2017-18

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Qualitative Disclosures

• Para 139 (a) Characteristics of defined benefit plan

TheCompanyhasadefinedbenefitgratuityplan inIndia(funded).Thecompany’sdefinedbenefitgratuityplanisafinalsalaryplanforemployees,whichrequirescontributions to be made to a separately administered fund.

The fund is managed by a trust which is governed by the Board of Trustees. The Board of Trustees are responsible for the administration of the plan assets andforthedefinitionoftheinvestmentstrategy.

• Para 139 (b) Risks associated with defined benefit plan

Gratuity is a defined benefit plan and company isexposed to the Following Risks:

• Interest rate risk : A fall in the discount rate which is linked to the G.Sec. Rate will increase the present value of the liability requiring higher provision. A fall in the discount rate generally increases the mark to market value of the assets depending on the duration of asset.

• Salary Risk :Thepresentvalueofthedefinedbenefitplan liability is calculated by reference to the future salaries of members. As such, an increase in the salary of the members more than assumed level will increase the plan's liability.

• Investment Risk :Thepresentvalueofthedefinedbenefitplanliabilityiscalculatedusingadiscountratewhich is determined by reference to market yields at the end of the reporting period on government bonds. If the return on plan asset is below this rate, it will createaplandeficit.Currently, for theplan in India,it has a relatively balanced mix of investments in government securities, and other debt instruments.

• Asset Liability Matching Risk: The plan faces the ALMriskastothematchingcashflow.Sincetheplanis invested in lines of Rule 101 of Income Tax Rules, 1962, this generally reduces ALM risk.

• Mortality risk:Since thebenefits under theplan isnot payable for life time and payable till retirement age

JwUmË‘H$ àH$Q>rH$aU

• n¡am 139 (H$) n[a^m{fV bm^ `moOZm H$s {deofVmE°§

H§$nZr ^maV ‘| n[a^m{fV bm^ CnXmZ {Z{Y `moOZm h¡ ({dËV nmo{fV) & H§$nZr H$s n[a^m{fV bm^ CnXmZ `moOZm H$‘©Mm[a`m| Ho$ {bE A§{V‘ doVZ `moOZm h¡ {Og‘| AbJ go àgme{ZH$ {Z{Y Ho$ A§eXmZ H$s Amdí`H$Vm h¡&

CnXmZ {Z{Y H$m Ý`mg ‘§S>b Ûmam {Z`§{ÌV Ý`mg go à~§Y {H$`m OmVm h¡ & Ý`mg ‘§S>b moOZm n[ag§n{Îm Ho$ àemgZ Ho$ {bE VWm {Zdoe Zr{V H$s n[a^mfm Ho$ {bE CËVaXm`r h¡ &

• n¡am 139 (I) n[a^m{fV bm^ `moOZm go Ow‹S>o OmopI‘

CnXmZ {Z{Y n[a^m{fV bm^ `moOZm h¡ VWm H§$nZr {ZåZ{bpIV OmopI‘ H$m Iwbmgm H$aVr h¡ &

• ã`mO Xa OmopI‘ : {S>ñH$mD$§Q> Xa ‘| {JamdQ> Omo gaH$mar à{V^y{V`m| go qbH$ h¡ & Bg Xa go Xo`VmAm| Ho$ dV©‘mZ ‘yë` ‘| d¥{Õ hmoJr {Oggo CÀM àmdYmZm| H$s Amdí`H$Vm hmoJr & {S>ñH$mD$§Q> Xa ‘| {JamdQ> gm‘mÝ`V: n[ag§n{Îm H$s Ad{Y na {Z^©a n[ag§n{Îm Ho$ ‘mH}$Q> ‘yë` ‘| d¥{Õ Xem©Vr h¡ &

• doVZ OmopI‘ : n[a^m{fV bm^ moOZm Xo`Vm H$m dV©‘mZ ‘yë` H$s gXñ`m| Ho$ ^mdr doVZ Ho$ g§X^© go JUZm H$s OmVr h¡ & Bg àH$ma gXñ`m| Ho$ doVZ ‘| d¥{Õ Ho$ AZw‘m{ZV ñVa H$s VwbZm go `moOZm Xo`Vm ‘| d¥{Õ hmoJr &

• {Zdoe OmopI‘ : n[a^m{fV bm^ moOZm Xo`Vm Ho$ dV©‘mZ ‘yë` H$m {S>ñH$mD$§Q> Xa AnZmH$a JUZm H$s OmVr h¡ Omo gaH$mar ~m°ÝS>g na [anmo{Qª>J Ad{Y H$s g‘m{á na ‘mH}$Q> CnO H$mo {ZYm©[aV H$aVr h¡ & `{X `moOZm n[ag§n{Îm H$m [aQ>©Z Bg Xa go {ZåZ hmo Vmo `h ßbmZ KmQ>m CËnÝZ H$aVm h¡& dV©‘mZ ‘| maV ‘| Bg moOZm Ho$ {bE gaH$mar à{V^y{V`m| VWm AÝ` CYma {bpIV Ho$ ê$n ‘| {Zdoe H$m g§Vw{bV {‘{lV {Zdoe h¢&

• n[ag§n{Îm Xo`Vm ‘¡qMJ OmopI‘ : Bg `moOZm ‘| ‘¡qMJ ZH$X àdmh hmoZo Ho$ H$maU EEbE‘ OmopI‘ h¡, My±{H$ `h ßbmZ Am`H$a {Z`‘mdbr 1962 Ho$ {Z`‘ 101 H$s bmB©Ýg Ho$ {Z{hV h¡ Bgr{bE `h gm‘mÝ`V: EEbE‘ OmopI‘ H$mo H$‘ H$aVm h¡ &

• ‘m°aQ>¡{bQ>r OmopI‘ : My±{H$ Bg `moOZm H$m bm^ AmOrdZ ^wJVmZ `mo½` Z hmoH$a Ho$db [aQ>m`a‘|Q> H$s


178

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only, plan does not have any longevity risk.

• Para 139 (c) Characteristics of defined benefit plans

During the year, the company has changed the benefitschemeinlinewithPaymentofGratuityAct,1972 by increasing monetary ceiling from 10 lakhs to 20 lakhs. Change in liability (if any) due to this scheme change is recognised as past service cost.

• Para 147 (a)

A separate trust fund is created to manage the Gratuity plan and the contribution towards the trust fund is done as guided by rule 103 of Income Tax Rules, 1961.

39. Auditor’s Remuneration (Excluding Service Tax/GST)

Particular 2017-2018 (Rs. in lakh)

2016-2017(Rs. in lakh)

a) Audit Fee 21.60* 18.00b) Tax/VAT Audit Fees 7.12** 7.61

c)Forcertification 2.80 2.50d) Reimbursement of Expenses

1.10 0.87

Total: 32.62 28.98

*IncludesincrementaldifferencesofAuditFeesofRs.1.80Lakh (PreviousYearNil) for thefinancialyear2016-17,paidduringthefinancialyear2017-18.

** Includes incremental differences of Tax AuditFees of Rs. 0.50 Lakh (Previous Year Nil) for the financial year 2016-17, paid during the financialyear 2017-18.

40. Corporate Social Responsibility

The Board of Directors has approved a sum of Rs. 32.19 lakh (Previous year Rs. 62.74 lakh) to be incurred for Corporate Social Responsibility (CSR) during the year 2017-18.

The nature of actual CSR expenditure incurred is as follows:

Am`w VH$ hr ^wJVmZ `mo½` h¡ AV: Bg `moOZm ‘| XrKm©d{Y OmopI‘ Zht h¡ &

• n¡am 139 (J) n[a^m{fV bm^ ßbmZ H$s {deofVmE°§ :

Bg df© Ho$ Xm¡amZ H§$nZr Zo CnXmZ {Z{Y A{Y{Z`‘ 1972 Ho$ bm^ `moOZm ‘| 10 bmI ê$. go 20 bmI ê$. VH$ {dËVr` grqbJ ‘| n[adV©Z {H$`m h¡ AV: Bg `moOZm Ho$ H$maU Xo`Vm ‘| n[adV©Z (`{X H$moB© hmo) H$mo VËH$mbrZ godm bmJV Ho$ ê$n ‘| ‘mÝ`Vm Xr JB© h¡ &

• n¡am 147 (H$) :

CnXmZ {Z{Y ßbmZ H$s ì`dñWm H$aZo Ho$ {bE EH$ AbJ go Ý`mg {Z{Y g¥{OV H$s JB© h¡ VWm Am`H$a {Z`‘mdbr 1962 Ho$ {Z`‘ 103 Ûmam {XE JE ‘mJ©Xe©Z Ho$ AZwgma Q´ñQ> {Z{Y ‘| A§eXmZ {H$`m OmVm h¡ &

39. boIm narjH$m| H$m nm[al{‘H$ (godm H$a/ OrEgQ>r H$mo N>mo‹S>H$a)

ã`m¡am 2017-18(ê$. bmI ‘|)

2016-17(ê$. bmI ‘|)

H$) boIm narjm ewëH$ 21.60* 18.00

I) H$a/d°Q> boIm narjm ewëH$

7.12** 7.61

J) à‘mUrH$aU Ho$ {bE 2.80 2.50

K) ì`` H$s à{Vny{V© 1.10 0.87

Hw$b 32.62 28.98

* {dËVr` df© 2016-17 Ho$ {bE BZH«$s‘|Q>b A§Va H$mo em{‘b H$aHo$ 1.80 bmI ê$. (JV df© eyÝ`) boIm narjm ewëH$ H$m ^wJVmZ {dËV df© 2017-18 ‘| àXmZ {H$`m J`m &

** {dËVr` df© 2016-17 Ho$ {bE BZH«$s‘|Q>b A§Va H$mo em{‘b H$aHo$ 0.50 bmI ê$. (JV df© eyÝ`) boIm narjm ewëH$ H$m ^wJVmZ {dËV df© 2017-18 ‘| àXmZ {H$`m J`m&

40. {ZJ{‘V gm‘m{OH$ Xm{`Ëd

{ZXoeH$ ‘§S>b Zo df© 2017-18 Ho$ Xm¡amZ {ZJ{‘V gm‘m{OH$ Xm{`Ëd (grEgAma) Ho$ {bE 32.19 bmI ê$. H$s IM© H$s OmZo dmbr am{e H$mo AZw‘mo{XV {H$`m h¡ ({nN>bo df© 62.74 bmI ê$.)

dmñV{dH$ ê$n go grEgAma ‘| IM© H$s JB© am{e H$s àH¥${V {ZåZmZwgma h¡ &

48 dt dm{f©H$ [anmoQ>© 2017-18

179


^m.H.{Z.

C.C.I.

(Rs. in lakh)

Sr. No. Nature 2017-18 2016-17

1 Construction/Acquisition of any assets

- -

2 On purpose other than above

32.44 62.93

Total 32.44 62.93

41. Fraud and Misappropriation

(a) In Akola branch a misappropriation of 1212 FP bales at MSWC godown, Pusad Centre was noticed on 06.05.2010. A Criminal case was registered against the accused at police station Pusad vide FIR no. 117/10 dated 08.05.2010. The value of the said 1212 FP Bales is approx Rs.150.63 lakh. The said case is still under investigation by the concerned police authorities. During the investigation, Police recovered 900 FP Bales and ceased. Further, value of 300 FP bales amounting to Rs. 37.49 lakh has been recovered from the accused and deposited with the Investigating office L.C.B. Yeotmal. For balance 12FP bales police investigation is in progress. Currently the case is being investigated by CID, Amravati. The above is not considered in the valuation of the stock. After the approval of Hon’ble session court, Pusad the 900 bales has been sold through online e-auction and deposited the sale proceeds of Rs. 1.79 crores in Court till further proceedings. Any realization on this account will be accounted for as and when received from L.C.B Yeotmal and Court.

(b) In Guntur branch, during the year 2007-08, misappropriation of stock of 233 cotton bales and 28882 meters of Grey Cloth was observed and the same was not considered as Closing Stock for valuation purpose. The matter is now under Trial Court. During investigation Police recovered 100 cotton bales, which were handed over by the police to the Company. The said 100 cotton bales were sold during 2010-11 as per order of the Honorable Court, Chilakaluripet and an amount of Rs. 20.81 lakh was realized thereof. The amount of Rs. 19.98 lakh after deducting expenses on disposal of bales of Rs. 0.83 lakh has been deposited with the court on 19.4.2011. The same will be accounted as and when the case is settled.

(bmI ê$. ‘|)H«$.

g§. {df` 2017-18 2016-17

1 {Z‘m©U/g§n{Îm

{^YmaU

- -

2 Cn`w©ŠV H$mo N>mo‹S>H$a H$moB©

bú`

32.44 62.93

Hw$b 32.44 62.93

41. YmoIm Am¡a Xw{d©{Z`moJH$) AH$mobm emIm ‘| {X. 06.05.2010 H$mo nwgX H|$Ð Ho$

E‘EgS>ãë`ygr JmoXm‘ ‘| 1212 nyU©~§{YV Jm±R>m| H$m EH$ Xw{d©{Z`moJ nm`m J`m & Xmofr Ho$ {dê$Õ nw{bg ñQ>oeZ nwgX ‘| E’$AmÀma g§. 117/10 {X. 08.05.2010 Ûmam EH$ Anam{YH$ ‘m‘bm XO© {H$`m J`m & H${WV 1212 nyU©~§{YV Jm±R>m| H$m ‘yë` bJ^J 150.63 bmI ê$. h¡ & g§~§{YV nw{bg àm{YH$mar Ûmam A^r ^r ‘m‘bo H$s Om±M Omar h¡ & Om§M Ho$ Xm¡amZ nw{bg Zo 900 Jm§R>o ~am‘X H$aHo$ grO H$s h¡ & AmJo 37.49 bmI ê$. H$s am{e Omo 300 nyU©~§{YV Jm±R>m| H$s h¡ Xmofr go dgyb H$aHo$ Eb.gr.~r `dV‘mb H$m`m©b` ‘| O‘m H$s J`r h¡ & eof 12 nyU©~§{YV Jm±R>m| Ho$ {bò nw{bg Om±M Mb ahr h¡ & dV©‘mZ ‘| `h Om°M grAmB©S>r, A‘amdVr Ûmam H$s Om ahr h¡ & CnamoŠV H$mo ñQ>m°H$ Ho$ ‘yë`m§H$Z ‘| em{‘b Zht {H$`m J`m h¡ & ‘mZZr` goeZ H$moQ>© Ho$ AZw‘moXZ Ho$ níMmV 900 Jm±R>| B© Am°ŠeZ Ûmam ~oMr JB© VWm {~H«$s go àmßV 1.79 H$amo‹S> ê$. AJbr H$ma©dmB© VH$ H$moQ>© Ho$ nmg O‘m H$s JB© & Ebgr~r `dV‘mb d Ý`m`mb` go Bg ~mao ‘| {H$gr àH$ma H$s àm{á H$mo O~ H$^r ^r àmßV {H$`m OmòJm V~ boIm ImVm| ‘| XO© H$a {b`m OmòJm &

I) Jw§Vya emIm ‘| df© 2007-08 Ho$ Xm¡amZ 233 ê$B© H$s Jm±R>m| Ho$ ñQ>m°H$ Am¡a 28882 ‘rQ>g© J«o Šbm°W Ho$ ñQ>m°H$ H$m Xw{d©{Z`moOZ nm`m J`m VWm ‘yë`m§H$Z à`moOZ Ho$ {bE Bgo A§{V‘ ñQ>m°H$ Ho$ ê$n ‘| Zht ‘mZm J`m h¡ & ‘m‘bm A~ Q´m`b H$moQ>© Ho$ AYrZ h¡ & Om§M Ho$ Xm¡amZ nw{bg Zo 100 ê$B© Jm±R>| àmßV H$s h¡ Omo nw{bg Ûmam H§$nZr H$mo gm¢nr J`r Wr & H${WV 100 nyU©~§{YV ê$B© H$s Jm±R>| ‘mZZr` Ý`m`mb` {MbH$mbyarnoQ> Ho$ AmXoe Ho$ AZwgma df© 2010-11 ‘| ~oMr J`r Wr Am¡a 20.81 bmI ê$. H$s am{e àmßV hþB© & 0.83 bmI ê$. H$s am{e Jm±R>m| Ho$ {ZnQ>mZ Ho$ {bE IM© Ho$ ê$n ‘| H$mQ>Zo Ho$ ~mX19.98 bmI ê$. H$s am{e {X. 19.04.2011 H$mo Ý`m`mb` ‘| O‘m H$s J`r & ‘m‘bo H$m {ZnQ>mZ hmoZo Ho$ ~mX Bgo boIm ImVm| ‘| {JZm OmòJm &


180

^m.H.{Z.

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(c) During the Cotton season 2014-15, abnormal difference in press and delivery weight wereobserved at Maur and Talwandi centers of Bathinda Branch.TheCenter-inchargeandsubordinatestaffwere charge-sheeted and penalty of recovery of 80% of loss was imposed upon the center-incharge (amount involved Rs. 18.79 lakh). The subordinate staffwasimposedapenaltyofreductiontoalowerstage in the time scale of pay. Further, it was found that the factories at these centers had not carried out ginning work as per the quality standards of the Corporation. After following the due procedure of law, the security amount of the concerned factory was forfeited and the factory was blacklisted. The Center-incharge and subordinate staff have beencharge-sheeted under the rule pertaining to major penalty. The Reviewing Authority has passed the order by levying penalty of Rs. 15.37 lakhs, out of which Rs. 3.89 lakhs is recovered till 31.03.2018.

42. (A) Earnings in Foreign Currency : (Rs. in lakh)

F.Y. 2017-2018

F.Y. 2016-2017

Export of Goods on: -FOB basis Nil NilCIF basis Nil NilCarrying charges Nil NilExchangedifferenceonExport

Nil Nil

(B) Expenditure in foreign currency: (Rs. in lakh)

S. No.

Particulars F.Y. 2017-2018

F.Y. 2016-2017

i) Travelling 1.73 1.06

ii) Books, Periodicals and Subscription

2.74 4.40

iii) Commission on export

Nil Nil

iv) Carrying charges and Exchange differenceonExport

Nil Nil

43. Segment Reporting:

a) The Company is predominantly engaged in cotton

42 (H$) {dXoer ‘wÐm ‘| AO©Z : (bmI ê$. ‘|)

{dËVr` df© 2017-18

{dËVr` df© 2016-17

‘mb Ho$ {Z`m©V na :-

E’$.Amo.~r Ho$ AmYma na Nil Nil

gr.AmB©.E’$ Ho$ AmYma na Nil Nil

bXmZ à^ma Nil Nil

{Z`m©V na {d{Z‘` A§Va Nil Nil

42 (I) {dXoer ‘wÐm ‘| ì`` (bmI ê$. ‘|)

H«$.g§.

ã`m¡am{dËVr` df© 2017-18

{dËVr` df© 2016-17

i) `mÌm 1.73 1.06

ii) nwñVHo$, n{ÌH$mE°§ Ed§ A{^XmZ

2.74 4.40

iii) {Z`m©V na H$‘reZ

Nil Nil

iv) {Z`m©V na H¡$[a¨J MmO}g VWm {d{Z‘` A§Va

Nil Nil

43. goJ‘|Q> [anmo{Qª>J :

H$) H§$nZr ‘w»` ê$n go H$m°Q>Z ì`mnma H$m H$m`© H$aVr

J) H$nmg ‘m¡g‘ 2014-15 Ho$ Xm¡amZ qQ>S>m emIm Ho$ ‘m¡a d Vb~§Xr H|$Ðmo na àog d {S>brdar doQ> ‘| Agm‘mÝ` A§Va nm`m J`m & Ho$ÝÐ à^mar d CZHo$ AYrZñW H$‘©Mm[a`m| H$mo MmO©erQ> Omar {H$`m J`m VWm Ho$ÝÐ à^mar H$mo H$s JB© hm{Z H$m 80% dgyb H$aZo H$m X§S> bJm`m J`m (18.79 bmI ê$. H$s am{e em{‘b) AYrZñW H$‘©Mm[a`m| H$mo dV©‘mZ go {ZMbo ñVa na doVZ {ZYm©aU H$aZo H$m X§S> bJm`m J`m & AmJo `h nm`m J`m {H$ BZ Ho$ÝÐm| na {OqZJ ’¡$ŠQ>[a`m| Zo {OqZJ H$m`© {ZJ‘ Ho$ Šdm{bQ>r ‘mZX§S>m| Ho$ AZwgma nyU© Zht {H$`m & {d{YH$ H$m`©dmhr H$aZo Ho$ níMmV g§~§{YV ’¡$ŠQ>ar H$s A‘mZV am{e OãV H$s JB© VWm ’¡$ŠQ>ar`m| H$mo H$mo ãb¡H$ {bñQ> {H$`m J`m & Ho$ÝÐ à^mar d AYrZñW ñQ>m’$ H$mo ~‹S>m X§S> XoZo Ho$ CÔoí` Ho$ A§VJ©V MmO©erQ> Omar H$s JB© & g‘rjm àm{YH$mar Zo 15.37 bmI ê$. X§S> bJmZo H$m AmXoe nm[aV {H$`m h¡, {OgHo$ gm‘Zo 31.03.2018 VH$ 3.89 bmI ê$. dgyb {H$E JE h¢ &

48 dt dm{f©H$ [anmoQ>© 2017-18

181


^m.H.{Z.

C.C.I.

h¡ dh Ho$db [anmoQ>© `mo½` ì`mnma H$m EH$ ^mJ h¡, {Og‘| AZwn`wŠV gw{dYmAm| go CËnÝZ Am` ^r em{‘b h¡ &

I) {dËVr` df© 2017-18 Ho$ Xm¡amZ maV Ho$ ~mha H$moB© {~H«$s Zht hþB© h¡ AV: ^m¡Jmo{bH$ g§J‘|Q> H$mo [anmoQ>© Zht {H$`m J`m h¡ &

44. g§~§{YV nmQ>u H$s KmofUmH$) ‘w»` à~§YZ A{YH$mar*

H$. nyU©H$m{bH$ {ZXoeH$m| H$mo nm[al{‘H$ ^wJVmZ

trading and this is the only reportable business segment which includes income arising from idle facilities.

b) Further, there is no sales outside India during the financialyear2017-18,hencegeographicalsegmentis not reported.

44. Related Party Disclosurea) Key Management Personal*

a. Remuneration paid to Whole Time Directors (Rs. in lakh)

Name of Director{ZXoeH$m| Ho$ Zm‘

DesignationnXZm‘

Remuneration PaidàXËV nm[al{‘H$

2017-182017-18

2016-172016-17

Dr. P. Alli RaniS>m°.nr A{„ amZr

Chairman-cum-managing Director (w.e.f. 03.10.2017)AÜ`j Ed§ à~§Y {ZXoeH$ 03.10.2017 go à^mdr

25.67 -

Shri B. K. Mishralr ~r.Ho$.{‘l

Chairman-cum-managing Director (upto 20.09.2016)AÜ`j Ed§ à~§Y {ZXoeH$ (20.09.2016 VH$)

- 20.21

Shri Pradeep Kumar Agarwallr àXrn Hw$‘ma AJ«dmb

Director (Finance){ZXoeH$ ({dËV)

42.76 29.36

Shri M. M. Chockalingamlr E‘. E‘. MmoŠH$qbJ‘

Director (Marketing){ZXoeH$ ({dnUZ)

45.71 25.95

Total Hw$b

114.14 75.52

b) Sitting fees paid to Independent Directors (Rs. in lakh)

Name of Director Sitting Fees Paid2017-18 2016-17

Ms. Grace A. Pinto 0.40 0.20

Ms. Rajika T. Kacheria 0.40 0.00

Total 0.80 0.20

* The provisions of Section 197 of the Companies Act, 2013 in respect of Managerial Remuneration are not applicable to the Company vide notification no. GSR 463(E) dated05th June 2015 issued by Ministry of Corporate Affairs(Government of India).

c) Apart from transactions reported above, the company has transactions with National Textile Corporation (NTC) which is also under Ministry of Textiles, Government of India (Significant Control over theCompany).Certainsignificanttransactions&Closingbalances:

I) ñdV§Ì {ZXoeH$m| H$mo ^wJVmZ H$s JB© {gqQ>J ’$sg

(bmI é. ‘|)

{ZXoeH$m| Ho$ Zm‘àXËV {gqQ>J ’$sg

2017-18 2016-17

lr‘Vr J«ogr E. qnQ>mo 0.40 0.20

lr‘Vr am{OH$m Q>r. H$Mo[a`m 0.40 0.00

Hw$b 0.80 0.20

* {ZJ{‘V H$m`©H$bmn ‘§Ìmb` (^maV gaH$ma) Ûmam Omar A{YgyMZm g§»`m OrEgAma 463 (B©) {X. 05 OyZ, 2015 Ho$ AZwgma à~§YZ nm[al{‘H$ Ho$ ~mao ‘| H§$nZr A{Y{Z`‘, 2013 H$s Ymam 197 Ho$ àmdYmZ H§$nZr na bmJy Zht h¢ &

J) Cn`w©ŠV ~VmE JE g§ì`dhma/gm¡Xm H$mo N>mo‹S>H$a H§$nZr H$m amîQ´r` dñÌ {ZJ‘ (EZQ>rgr) go (dñÌ ‘§Ìmb` Ho$ AYrZ) g§ì`dhma h¡ Omo ^maV gaH$ma, dñÌ ‘§Ìmb` Ho$ AYrZ h¡ ({OZH$m H§$nZr Ho$ D$na ‘hËdnyU© {Z`§ÌU) h¡ & Hw$N> ‘hËdnyU© g§ì`dhma d A§{V‘ eof :


182

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(Rs. in lakh)Sr. No. Particulars 2017-18 2016-17

i) Sales 18143.57 26561.13

ii) Closing Balance 5850.54 3268.95

d) Loans to related party: (Rs. In lakh)

Directors Name{ZXoeH$m| H$m Zm‘

Opening Balance as on 01/04/2017{X.01.04.2017 H$mo

Ama§{^H$ eof

Taken during the year

df© Ho$ Xm¡amZ {bò Jò

Repaid during the year

df© Ho$ Xm¡amZ ^wJVmZ

{H$ò Jò

Balance outstanding as on

31/03/2018{X.31.03.2018 H$mo

~H$m`m eof

Maximum Balance

Outstanding During the year

df© Ho$ Xm¡amZ

A{YH$V‘ ~H$m`m eof

Shri M. M. Chockalingam Director (Marketing)lr E‘.E‘. MmoŠH$qbJ‘ {ZXoeH$({dnUZ)

10.00(0.00)

0.00(10.00)

5.76(0.00)

4.24(10.00)

10.00(10.00)

TotalHw$b

10.00(0.00)

0.00(10.00)

5.76(0.00)

4.24(10.00)

10.00(10.00)

(Previousyearfiguresareinbracket)

45 During the financial year 2017-18, the Corporationhas procured 10.77 lakh bales (i.e. 6.94 lakh under commercial operations and 3.83 lakh under MSP operations) as against 0.95 lakh bales (i.e. 0.93 lakh under commercial operations and 0.02 lakh under MSP operations) during the previous year and 3.97 lakh bales (i.e. 1.34 lakh under commercial operations and 2.63 lakh bales under MSP) sold during the current year as compared to 8.19 lakh bales (i.e. 0.39 lakh under commercial operations and 7.80 lakh bales under MSP operation) during the previous year. Therefore,thestatementofprofitandlossfiguresarenotcomparabletopreviousyear’sfigures.

46. Disclosures about long-term contracts The company does not have any long–term contracts

including derivatives contracts for which there could be any material foreseeable losses.

47. Investor Education and Protection Fund There were no amounts which were required to be

transferred to the Investor Education and Protection Fund by the Company.

(H$moîR>H$ ‘| {XE JE Am§H$‹S>o {nN>bo df© Ho$ h¡)

45. {dËVr` df© 2017-18 Ho$ Xm¡amZ {ZJ‘ Zo JV df© 0.95 bmI Jm±R>m| Ho$ gm‘Zo (`m{Z 0.93 bmI dm{UpÁ`H$ IarX n[aMmbZ d 0.02 bmI Jm±R>o Ý`yZV‘ g‘W©Z ‘yë` n[aMmbZ) 10.77 bmI Jm±R>| `m{Z (6.94 bmI Jm±R> dm{UpÁ`H$ IarXr n[aMmbZ VWm 3.83 bmI Jm±R>| Ý`yZV‘ g‘W©Z ‘yë` n[aMmbZ) H$s IarX H$s h¡ VWm {nN>bo df© 8.19 bmI Jm±R>m| (`m{Z 0.39 dm{UpÁ`H$ IarX n[aMmbZ VWm 7.80 bmI Jm±R>o Ý`yZV‘ g‘W©Z ‘yë` n[aMmbZ) H$s VwbZm ‘| dV©‘mZ df© ‘| 3.97 bmI Jm±R>| (`m{Z 1.34 bmI dm{UpÁ`H$ n[aMmbZ VWm 2.63 bmI Jm±R>o Ý`yZV‘ g‘W©Z ‘yë` n[aMmbZ) ~oMr h¡ & Bg{bE bm^ hm{Z {ddaUr Ho$ {nN>bo df© Ho$ Am±H$‹S>m| go VwbZm `mo½` Zht h¡ &

46. XrKm©d{Y g§{dXm Ho$ ~mao ‘| àH$Q>rH$aU So>[ado{Q>d g§{dXmAm| H$mo em{‘b H$aVo hþE H§$nZr Ho$ nmg

H$moB© XrKm©d{Y g§{dXm Zht h¡ {OgHo$ H$maU H§$nZr H$mo H$moB© ^mdr Am{W©H$ hm{Z hmo gHo$ &

47. BZdoñQ>a ES>çyHo$eZ VWm àmoQ>oŠeZ ’§$S> H§$nZr Ûmam BZdoñQ>a ES>çyHo$eZ VWm àmoQ>oŠeZ ’§$S> ‘|

ñWmZm§VaU H$aZo `mo½` H$moB© am{e Zht h¡ &

(bmI ê$. ‘|)

H«$.g§.

ã`m¡am 2017-18 2016-17

i) {~H«$s 18143.57 26561.13

ii) O‘m eof 5850.54 3268.95

K) g§~§{YV nmQ>u H$mo F$U (bmI ê$. ‘|)

48 dt dm{f©H$ [anmoQ>© 2017-18

183


^m.H.{Z.

C.C.I.

48. brO à{V~ÕVmH$) {dËVr` brO

H§$nZr H$s AnZr {dËVr` brO ì`dñWm h¡ `m{Z H§$nZr Zo lrJ§JmZJa, ^rbdm‹S>m d Zdr ‘w§~B© ‘| brO na ^y{‘ br h¡ VWm H$mobH$mVm ‘| H$m`m©b` naga brO na {b`m h¡ {dËVr` brO Ho$ A§VJ©V Ym[aV nag§n{Îm`m| H$s brO Q>‘© H$s Ad{Y gm‘mÝ`V 99 dfm] Ho$ ^rVa g‘mßV hmoVr h¡ & H§$nZr Zo brO Ad{Y H$s Ama§^ ‘| EH$‘wíV am{e na brO ^wJVmZ {H$`m h¡ VWm brO Ad{Y Ho$ Xm¡amZ ^wJVmZ `mo½` H$moB© AmH$pñ‘H$ a|Q> Zht h¡ & brO Q>‘© H$s g‘m{á na H§$nZr H$mo nÅ>m H$Vm© Ûmam {ZYm©[aV H$s JB© brO a|Q> H$m ^wJVmZ H$aZo na Cgr Ad{Y Ho$ {bE brO {dñVma H$aZo H$m {dH$ën h¡ & brO YmaU g§n{Îm H$m H¡$[a¨J ‘yë` H$m àH$Q>rH$aU ßbm§Q> g§n{Îm d CnH$aU (ZmoQ> g§. 3 H$ XoI|) ‘| {H$`m OmVm h¡ & brO H$s eVm] Ho$ AZwgma H§$nZr {bE JE à`moOZ Ho$ {bE brÁS> àmnQ>u H$m BñVo‘mb H$a gH$Vr h¡ VWm nÅ>m H$Vm© Ûmam Bg na AÝ` H$moB© ~§YZ Zht h¡ & H$mobH$mVm ‘| brO na br JB© {~pëS§>J Ho$ ~mao ‘| H§$nZr àËòH$ df© 4.8 ê$. à{V ñH$mdà ’w$Q> H$s Xa go dm{f©H$ a|Q> Ho$ ê$n ‘| ^wJVmZ H$aVr Am ahr h¡ {Og‘| brO Ad{Y Ho$ Xm¡amZ àËòH$ 10 dfm] Ho$ nyU© hmoZo na 10% H$s d¥{Õ H$s OmVr h¡ & ^{dî` ‘| Ý`yZV‘ brO ^wJVmZ VWm CZH$m dV©‘mZ ‘yë` {ZåZmZwgma h¡ :-

nÅ>oXma na

31 ‘mM©, 2018 Ho$ AZwgma H§$nZr H$m {dËVr` brO Xm{`Ëd {ZåZmZwgma h¡ :

(bmI ê$. ‘|)

ã`m¡am

^{dî` ‘| Ý`yZV‘ brO

^wJVmZ

ã`mO dV©‘mZ ‘yë`

EH$ df© Ho$ níMmV Zht

0.19 0.22 0.04

EH$ df© Ho$ níMmV na§Vw nm°M df© Ho$ níMmV Zht

1.02 1.12 0.16

nm±M df© Ho$ níMmV 19.51 16.56 0.39

Hw$b 20.72 17.90 0.59

48. Lease commitments:-a) Finance Lease

The company is having finance leasearrangements i.e. land taken on lease at Sriganganagar, Bhilwara and Navi Mumbai andofficepremises inKolkatawhich is takenon lease. The lease term in respect of assets acquiredunderfinanceleasegenerallyexpirewithin 99 years. The company has paid lease rents in lump sum at the beginning of lease term and there is no contingent rent payable during the lease term. At the completion of lease term, the company has option to extend lease for similar period by paying lease rent determined by lessor at the completion of lease term. The carrying value of the lease hold properties is separately disclosed in the Plant, Property and equipments (refer note no. 3A). As per the lease terms, the company can use leased property for the purpose it has taken for and there is no other restrictions imposed by the lessor. Building taken on lease at Kolkata, yearly lease rent payment is Rs. 4.8 per sq. foot per annum which is to be increased by 10% on completion of every 10 years during the lease period. The future minimum lease payments and their present values are as follows:-

As Lessee

Finance lease obligation of the company as of March 31, 2018 is as follows:-

(Rs. In lakh)

Particulars

Future minimum

lease payments

Interest Present Value

Not later than one year

0.19 0.22 0.04

Later than one year but not later thanfiveyears

1.02 1.12 0.16

Laterthanfiveyear

19.51 16.56 0.39

Total 20.72 17.90 0.59


184

^m.H.{Z.

C.C.I.

31 ‘mM©, 2017 Ho$ AZwgma H§$nZr H$m {dËVr` brO Xm{`Ëd {ZåZmZwgma h¡ :-

(bmI ê$. ‘|)

ã`m¡am


^wJVmZ



0.19 0.22 0.04

EH$ df© Ho$ níMmV na§Vw nm°M dfm] Ho$ níMmV Zht

0.80 0.89 0.14

nm±M dfm] Ho$ níMmV

19.92 17.01 0.44

Hw$b 20.91 18.12 0.6201 Aà¡b, 2016 Ho$ AZwgma H§$nZr H$m {dËVr` brO Xm{`Ëd {ZåZmZwgma h¡ :-

(bmI ê$. ‘|)

ã`m¡am


^wJVmZ



0.19 0.21 0.04


0.78 0.88 0.14

nm±M dfm] Ho$ níMmV 20.12 17.24 0.48

Hw$b 21.09 18.33 0.66

I) n[aMmbZ brO brO EH$ H$ama h¡ {Og‘| ^wJVmZ AWdm ^wJVmZ H$s

l¥I§bm Ho$ ñWmZ na nÅ>oXma H$mo gh‘{V Ad{Y Ho$ {bE g§n{Îm H$m Cn`moJ H$aZo H$m A{YH$ma h¡ & Am°naoqQ>J brO {dËVr` brO Ho$ Abmdm h¡ & brO Q>‘© H$mo aÔ {H$E ~J¡a H$s OmZo dmbr Ad{Y {Og‘| nÅ>oXma Zo n[ag§n{Îm H$s AÝ` eVm] Ho$ gmW g§{dXm H$s h¡ {Og‘| nÅ>oXma H$s n[ag§n{Îm H$mo AmJo ^wJVmZ Ho$ ~J¡a AWdm ^wJVmZ na brO na XoZo H$m {dH$ën h¢ O~ nÅ>o Ho$ Ama§^ ‘| `h C{MV ê$n go {Z{üV h¡ {H$ nÅ>o Ho$ {dH$ën H$m à`moJ hmoJm & AmJo aÔ H$aZo `mo½` brO dh brO h¡ Omo Ho$db aÔ H$s Om gH$Vr h¡ &

- Hw$N> [a‘moQ> AmH$pñ‘Vm Ho$ KQ>Zo na- nÅ>mXmVm H$s AZw‘{V go - `m nÅ>oXma {X, Cgr nÅ>mXmVm dhr brO na AWdm CgHo$

Finance lease obligation of the company as of March 31, 2017 is as follows:- (Rs. In lakh)

Particulars

Future minimum

lease payments



0.19 0.22 0.04

Later than one year but not laterthanfiveyears

0.80 0.89 0.14

Laterthanfiveyear

19.92 17.01 0.44

Total 20.91 18.12 0.62

Finance lease obligation of the company as of 1st April, 2016 is as follows:-

(Rs. In lakh)

Particulars

Future minimum

lease payments



0.19 0.21 0.04

Later than one year but not later than fiveyears

0.78 0.88 0.14

Laterthanfiveyear 20.12 17.24 0.48Total 21.09 18.33 0.66

b) Operating Leases A lease is an agreement whereby the lessor conveys

to the lessee in return for a payment or series of payments the right to use an asset for an agreed period of time. An operating lease is a lease other than a finance lease.As per definition, the leaseterm is the non cancellable period for which the lessee has contracted to lease the asset together with any further terms for which the lessee has the option to continue to lease the asset, with or without further payment, when at the inception of the lease it is reasonably certain that the lease will exercise the option. Further, a non cancellable lease is a lease that is cancellable only:

- Upon the occurrence of some remote contingency;

- With the permission of the lessor;

- If the lessee enters into a new lease for the same or

48 dt dm{f©H$ [anmoQ>© 2017-18

185


^m.H.{Z.

C.C.I.

g‘Vwë` n[ag§n{Îm boVm h¡ &- nÅ>oXmar Ûmam Eogo {H$gr A{V[aŠV am{e Ho$ ^wJVmZ na

brO Ho$ àma§^ ‘|, nÅ>oXma H$s {Za§VaVm C{MV ê$n go {Z{üV h¡ &

H§$nZr ‘| {d{^ÝZ ñWmZm| na H$m`m©b` n[aga brO na {b`m J`m h¢ {’$a ^r ^rbdm‹S>m (amOñWmZ) na 3 dfm] Ho$ {bE (2 Aà¡b, 2016 go 1 Aà¡b, 2019) VH$ {b`m J`m) VWm Am{Xbm~mX (Vob§JmZm) na(1 OyZ,2017 go 30 Aà¡b, 2018 VH$) 11 ‘hrZm| H$s Ad{Y Ho$ {bE {b`m J`m & H$m`m©b` n[aga H$mo N>mo‹S>H$a nÅ>mXmVm/nÅ>oXma Ho$ {dH$ën na `o brO ì`dñWmE°§ aÔ H$aZo `mo½` h¡ &

^rbdm‹S>m Ho$ J¡a aÔ H$aZo `mo½` Ho$ A§VJ©V ^mdr Ý`yZV‘ brO ^wJVmZ Ho$ {ddaU {ZåZmZwgma h¢ &

(ê$n`o bmI ‘|)

ã`m¡am31 ‘mM©, 2018

31 ‘mM©, 2017

31 ‘mM©, 2016


8.78 8.05 7.32


0 8.78 16.84

nm±M dfm] Ho$ níMmV 0 0 0

My±{H$ Am{Xbm~mX ‘| Am°naoQ> brO H$s Ad{Y EH$ df© go H$‘ h¡ AV: J¡a aÔ H$aZo `mo½` Am°naoqQ>J brO Ho$ A§VJ©V ^mdr Ý`yZV‘ brO ^wJVmZ brO ^wJVmZ H$s Amdí`H$Vm Zht h¡ &

49. {dËVr` [anmo{Qª>J Am¡a CgH$s n`m©ßVm na Am§V[aH$ {dËVr` {Z`§ÌU àUmbr (AmBE’$grAmoAma) :

à~§YZ H$s am` h¡ {H$ {dËVr` [anmoQ>© na H§$nZr H$s Am§V[aH$ {dËVr` {Z`§ÌU nÕ{V n`m©ßV h¡, Omo à~§YH$ Ûmam n[aMmbZ Ho$ AmH$ma, ñHo$b d O{Q>bVm Ho$ AZwê$n h¡&

AnZr g^r emImAm| na {Z`{‘V ê$n go Am°naoqQ>J {gñQ>‘, boIm H$m`©{d{Y VWm Zr{V`m| Ho$ gmW Am§V[aH$ {Z`§ÌU Ho$ ñWmnZ, {Z`§ÌU VWm à^mdembr ê$n go ‘yë`m§H$Z H$aZo Ho$ {bE ^maV Ho$ gZXr boInmb B§ñQ>rQ>çyQ> Ûmam Omar {dËVr` [anmoQ>© na Am§V[aH$ {Z`§ÌU H$mo A{Zdm`© KQ>H$ ‘mZm h¡ & H§$nZrO A{Y{Z`‘ 2013 Ho$ VhV Amdí`H$Vm H§$nZr H$s Zr{V`m| Ho$ nmbZ, n[ag§n{Îm`m| H$mo N>b H$nQ> H$mo ImoOZo d amoH$Zo, boIm [aH$m°S©>g H$s `Wm©WVm d nyU© H$aZo VWm {dídgZr` {dËVr` gyMZm H$mo g‘` na V¡`ma

an equivalent asset with the same lessor ; or

- Upon payment by the lessee of such an additional amount that, at inception of the lease, continuation of the lessee is reasonably certain.

The company has taken the office premises onlease at various locations, however, these lease arrangements are cancelable at the options of lessor/lesseeexceptofficepremisetakenon leaseat Bhilwara (Rajasthan) for period of 3 year (from 02nd April 2016 to 01st April 2019) and at Adilabad (Telangana) for period of 11 months (from 01st June 2017 to 30th April 2018).

Details of future minimum lease payments under non-cancellable operating lease of Bhilwara are as under:

(Rs. in lakh)

ParticularsAs at 31st

March 2018


As at 31st

March 2016


8.78 8.05 7.32

Later than one year but not later thanfiveyears

0 8.78 16.84

Laterthanfiveyear

0 0 0

Since, operating lease term is less than one year at Adilabad, therefore, future minimum lease payments under non-cancellable operating lease are not required.

49. Internal Financial Control System over Financial reporting and their adequacy (IFCOR):

In the opinion of the Management, Company has an adequate internal financial control systemover financial reporting, which is consideredcommensurate with the size, scale and complexity of its operations by the Management.

The essential components of internal controls as stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India has been considered by the Management of the Company for establishing, monitoring and to evaluatetheefficacyofinternalcontrolsystemintheCompany regularly, its compliance with operating systems, accounting procedures and policies at all branches / locations of the Company. These include the design, implementation and maintenance of adequate internal financial controls that wereoperating effectively for ensuring the orderly and


186

^m.H.{Z.

C.C.I.

H$aZo H$mo em{‘b H$aVo hþE ì`mnma H$mo ì`dpñWV H$aZo VWm Hw$ebVmnyd©H$ AmMaU gw{Z{üV H$aZo Ho$ {bE Bg‘| {S>OmBZ, H$m`m©Ýd`Z VWm n`m©ßV Am§V[aH$ {dËVr` {Z`§ÌU H$m aI aImd em{‘b h¡ & {ZJ‘ ‘| à~§YZ Zo AnZr Amoa go {dËVr` [anmoQ>© na Am§V[aH$ {dËVr` {Z`§ÌU H$mo narjU H$aZo d ‘mÝ` H$aZo Ho$ {bE gZXr boInmb H$s ’$‘© H$mo {Z`wŠV {H$`m h¡& VÖþgma CÝhm|Zo narjU {H$`m VWm CZH$s am` ‘| {ZJ‘ Am§V[aH$ {dËVr` {Z`§ÌU H$m H$m`m©Ýd`Z {ZJ‘ Ho$ ì`mnma Ho$ AmH$ma Ho$ AZwê$n d n`m©ßV h¡ &

50. à{Veo`a AO©Z H$s JUZm

ã`m¡ao31.03.2018

H$mo31.03.2017

H$mo

H$) {d{Z`moOZ Ho$ {bE CnbãK bm^ (bmI ê$n`o ‘|)

933.43 (455.26)

I) B©{¹$Q>r eo`g© H$s doQ>oO Am¡gV g§»`m

25,00,000 25,00,000

J) à{V B©{¹$Q>r eo`g© Zm‘‘mÌ ‘yë`

100 100

K) ‘yb Am¡a VZwH¥$V Am`/(hm{Z) à{V eo`g© (ê$.) (H$/I)

37.34 (18.21)

51. {dËVr` OmopI‘ à~§YZ

{dËVr` OmopI‘ à~§YZ H§$nZr Zo OmopI‘ à~§YZ `moOZm H$mo AnZm`m h¡ Omo {ZXoeH$ ‘§S>b H$s {XZm§H$ 23 ’$adar, 2018 H$mo Am`mo{OV ~¡R>H$ ‘| {d{YdV AZw‘mo{XV h¡ Omo H$m`m©Ýd`Z AYrZ h¡ &

{d{Îm` OmopI‘ H$maH$

H§$nZr H$s J{V{d{Y`m| ‘| {ZåZ{bpIV ê$n go {d{^ÝZ {dËVr` OmopI‘ à{Vnm{XV {H$E OmVo h¢ O¡go H«o${S>Q> OmopI‘, {dËVr` [anmo{Qª>J OmopI‘, VabVm OmopI‘ VWm {dXoer ‘wÐm OmopI‘ & H§$nZr H$m àmW{‘H$ Ü`mZ ì`mnma ‘| AàË`m{eVVm XoIZm VWm AnZo {dËVr` H$m`©{ZînmXZ na g§^m{dV à{VHy$b à^mdm| H$mo H$‘ H$aZm h¡&

H$) H«o${S>Q> OmopI‘

H«o${S>Q> OmopI‘ IarXXmam| Ûmam AnZo Xm{`Ëd na {S>’$m°ëQ> Ho$ OmopI‘ H$mo g§X{^©V H$aVm h¡ {OgHo$ n[aUm‘ñdê$n {dËVr` hm{Z CR>mZr n‹S>r & OmopI‘ e‘Z Cnm`: {~H«$s g§{dXm H$s eVm] ‘| g§{dXm aÔ H$aZo Ho$ OmopI‘ H$mo H$da

efficientconductofitsbusiness,includingadherenceto Company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and for the timely preparation of reliable financialinformation, as required under the Companies Act, 2013. The management has appointed a Chartered Accountantfirmtotestandvalidateinternalfinancialcontrol implemented in the Corporation. Accordingly, they have carried out the compliance testing and is in viewthattheInternalfinancialcontrolimplementedinthe Corporation is adequate and commensurate with size of business of the Corporation.

50. Calculation of Earnings per Share

Particulars As on 31.03.2018

As on 31.03.2017

A)ProfitAvailableforAppropriation (Rs. in Lakh)

933.43 (455.26)

B) Weighted Average No. of Equity Shares (No’s)

25,00,000 25,00,000

C) Nominal Value Per Equity Share (in Rs.)

100 100

D) Basic and Diluted Earnings per share (in Rs.) (A/B)

37.34 (18.21)

51. Financial risk management

The Company has adopted ‘Risk Management Plan’ which is duly approved by the Board of Directors in their meeting held on 23rd February 2018 and the same is under implementation.

Financial risk factors

The company's activities expose it to a variety of financial risks: credit risk, financial reporting risk,liquidity risk and foreign exchange risk. The company's primary focus is to foresee the unpredictability in trade andseektominimizepotentialadverseeffectsonitsfinancialperformance.

a) Credit Risk Credit risk refers to the risk of default on its obligation

by the buyers resulting in a financial loss. Riskmitigation measures: Sales contract terms to cover risks of backing out, to handle complaints and loss on resale. System put in place for assessment of credit

48 dt dm{f©H$ [anmoQ>© 2017-18

187


^m.H.{Z.

C.C.I.

H$aZm, {eH$m`Vm| na Ü`mZ XoZm Vm{H$ nwZ: {~H«$s go hm{Z Z hmo & {nN>bo boZXoZ d CZH$s à{V~§{YV loUr Ho$ AmYma na IarXXmam| H$s H«o${S>Q> `mo½`Vm Ho$ {ZYm©aU Ho$ {bE nÕ{V ñWm{nV H$s JB© h¡ & C{MV dgybr H$m à~§YZ, Ohm± VH$ g§^d hmo gm¡hmX©nyU© H$ma©dmB© H$s OmVr h¡ & H§$nZr Ho$ nmg H$B© à~§YZ gyMZm nÕ{V`m± h¢ {Oggo H§$nZr Ûmam C{MV g‘` na C{MV {ZU©` {b`m Om gH$Vm h¡ &

I) {dËVr` [anmo{Qª>J OmopI‘

{dËVr` [anmo{Qª>J OmopI‘ dh OmopI‘ h¡ (i) {Og‘| So>Q>m {ZH$mbZo Ho$ {bE{Oå‘oXma H$B© ì`{º$, S>mQ>m EH${ÌV H$aZo, Am¡a {díbofU H$aZo Ho$ {bE {Oå‘oXma h¡ & (ii) {OgHo$ Ûmam à{H«$`m d Q>mB©‘ bmB©Z Ho$ Ûmam `h Am±H$‹S>o àmßV {H$`o OmVo h¢ VWm [anmoQ>© H$s OmVr h¡ & (iii) dh nÕ{V {OgHo$ Ûmam `h {dËVr` OmZH$mar gmW©H$ ~Zm`r OmVr h¡& boIm, {ZJ{‘V emgZ VWm npãbH$ àH$Q>Z go g§~§{YV H$mZyZm| {d{Z`‘m| d ‘mZH$m| ‘| n[adV©Z BË`m{X go {ZJ‘ Ho$ {bE A{Z{üVVm CËnÝZ H$aVr h¡ & H§$nZr {ZJ{‘V emgZ d npãbH$ àH$Q>Z Ho$ CÀM ‘mZH$m| H$m aI aImd VWm {dH${gV H$mZyZ, {d{Z`‘ VWm ‘mZH$m| H$m AZwnmbZ H$aVr h¡ &

J) VabVm OmopI‘

Bg‘| ZH$X à~§YZ OmopI‘ em{‘b h¡, OmopI‘ e‘Z Cnm` : g§JR>Z Ho$ ~rM C{MV ñVa na MMm© H$s JB© {dñV¥V dm{f©H$ ì`mnma `moOZm g{hV C{MV {dËVr` `moOZm nÕ{V h¡ & YmaUmAm|, n¡am‘rQ>g© BË`m{X H$s àH¥${V Am¡a JwUdËVm Ho$ {díbofU H$s dm{f©H$ d {V‘mhr ~OQ> V¡`ma H$s OmVr h¢ VWm {dñV¥V MMm© Ho$ {bE à~§YZ H$mo àñVwV H$s OmVr h¢ & Ag§JV {díbofU Ho$ gmW BZ ~OQ>m| H$mo ~ohVa {dËVr` `moOZm VWm {dg§J{V`m| H$s d¥{Õ ‘| H$maH$mo Ho$ AÜ``Z {bE V¡`ma {H$`m OmVm h¡ & X¡{ZH$ VWm ‘m{gH$ ZH$X àdmh V¡`ma {H$E OmVo h¢ VWm BZH$m d[aîR> ñVa na {Z`§ÌU {H$`m OmVm h¢ Vm{H$ {Z{Y H$s Amdí`H$Vm H$mo g‘Pm OmE Ed§ à^mdembr VarHo$ go {Z{Y H$s Cn`mo{JVm gw{Z{üV H$s Om gHo$ & Hw$eb g§J«h VWm {Z{Y`m| H$s Cn`mo{JVm gw{Z{üV H$aZo Ho$ {bE ~¢H$mo Ho$ g§H$m` go ZH$X godmE°§ àmßV H$s OmVr h¡ &

K) {dXoer ‘wÐm OmopI‘

ê$B© Jm±R>m| H$s AÝ` Xoem| ‘| {Z`m©V H$s pñW{V Ho$ ‘m‘bo ‘|, ^maVr` ‘wÐm H$s VwbZm ‘| {dXoer ‘wÐm {d{Z‘` ‘| à{VHy$b ApñWaVm Ho$ H$maU OmopI‘ h¡ & OmopI‘ e‘Z Cnm` : O~ H$^r ^r H$nmg Jm±R>m| Ho$ {Z`m©V H$s Amdí`H$Vm hmoVr h¡ & A{YH$ ^{dî`dmUr Am¡a pñWaVm àmßV H$aZo Ho$ OmopI‘ H$mo hoqOJ H$aZo Ûmam A{Z{üVVmAm| VWm {dXoer

worthiness of buyers on the basis of past dealings and their restricted and banned category. Appropriate recovery management, follow up and amicable settlement wherever possible. The Company has in place various Management Information system, which enables management to take proper decision, in time.

b) Financial Reporting Risk

Financial reporting risks refers to the risk due to (i) A variety of people responsible for extracting, assembling, aggregating, and analyzing data; (ii) the processes and timelines by which this data is obtained and report; (iii) the systems that makes financialinformationandprocessit intomeaningfulform. Changing laws, regulations and standards relating to accounting, corporate governance and public disclosure, etc. creates uncertainty for the Corporation. The Company is committed to maintaining high standards of corporate governance and public disclosure and to comply with evolving laws, regulations and standards.

c) Liquidity Risk

This includes cash management risk. Risk mitigation measures : proper financial planning is in placewith detailed annual business plans discussed at appropriate levels within the organization. Annual and quarterly budgets are prepared and put up to management for detailed discussion an analysis of the nature and quality of the assumption, parameters etc. These budgets with variance analysis are preparedtohavebetterfinancialplanningandstudyof factors giving rise to variances. Daily and monthly cash flows are prepared and monitored at seniorlevels to access the fund requirements and ensure utilization of funds in an effective manner. Cashmanagement services are availed from consortium ofbankstoensureefficientcollectionandutilizationof funds.

d) Foreign exchange risk

In case of any eventuality of export of cotton bales to other countries, there is the risk due to adverse volatility in foreign currency exchange vis-a-vis Indian rupee. Risk mitigation measures: As & when required for export of cotton bales, the Corporation minimizes risk arising from adverse currency movements by managing the uncertainty and


188

^m.H.{Z.

C.C.I.

‘wÐm H$s ApñWaVm Ho$ à~§Y Ûmam {ZJ‘ ES>dg© H$a§gr ‘yd‘|Q>g go CËnÝZ OmopI‘ H$mo H$‘ H$aVm h¡ & {Z`m©V g§{dXm hgVmja H$aVo g‘` {dXoer ‘wÐm OmopI‘ H$mo VWm {dXoer IarXXma Ûmam H«o${S>Q> Ho$ nÌ H$mo ImobZo go nyd© g§{dXmË‘H$ n[anŠdVm Ho$ AZwgma ‘mÝ`Vm Xr OmVr h¡ & ‘wÐm boZXoZ go {ZnQ>Zo Ho$ A{Z{üV nhby H$mo em{‘b {H$E ~J¡a {ZJ‘ hoO Ho$ gmW ^{dî` ‘| CVma-M‹T>md H$mo H$da H$aVm h¡ &

52. nyaH$ boIm narjm Ho$ Xm¡amZ grEOr ‘w§~B© Ho$ AdbmoH$Z Ho$ AmYma na {ZåZ{bpIV g§emoYZ {H$E JE h¡ :

(i) {ZJ‘ Zo n§Om~ B§’«$mñQ>ŠMa ({dH$mg Ed§ {d{Z‘`Z) A{Y{Z`‘:

2002 Ho$ A§VJ©V gog hoVw 3 ’$adar 2014 VH$ VWm 1.50 % à{V‘mh ã`mO Ho$ {bE àmdYmZ {H$`m h¡ J¡OoQ> H$s A{YgyMZm {XZm§H$ 3 Zd§~a, 2003 Ûmam amÁ` gaH$ma Zo ã`mO go g§~§{YV A{Y{Z`‘ H$s Ymam 26(2) aÔ H$a Xr h¡ & grEOr Ûmam {H$E JE AdbmoH$Z Ho$ AmYma na {ZJ‘ Zo nwZ: {dMma {H$`m & n§Om~ BÝ’«$mñQ>H$Ma So>dbon‘|Q> A{Y{Z`‘ Ho$ àmdYmZm|, ‘mZZr` gdm}ÀM Ý`m`mb` Ho$ {ZU©` VWm {d{^ÝZ {ZU©`m| H$s ì`m»`m H$mo XoIVo hþE {ZJ‘ Zo 6459.99 bmI ê$. H$s ã`mO am{e Ho$ {bE {H$E JE àmdYmZ H$mo àË`md{V©V {H$`m h¡ &

(ii) ‘mbgyMr ‘yë`m§H$Z :

h‘mar {H$gr EH$ emIm Ho$ ‘m‘bo ‘| 244.21 H$amo‹S> ê$. H$s ‘mbgyMr Ho$ ñWmZ na 245.19 ‘mbgyMr H$m ‘yë`m§H$Z {H$`m Wm & VÖþgma {XZm§H$ 31.03.2018 H$mo ‘mbgyMr H$m ‘yë` 139381.07 bmI ê$. Ho$ ñWmZ na 139282.72 bmI ê$. g§emo{YV {H$`m J`m&

(iii) godm{Zd¥{Îm níMmV {M{H$Ëgm bm^ hoVw àmdYmZ :

{ZJ‘ Zo Cg df© {Og df© ^wJVmZ {H$`m h¡ Cg df© bm^ d hm{Z {ddaUr ‘| godm{Zd¥{Îm níMmV {M{H$Ëgm bm^ ì`` ‘| ‘mÝ`Vm Xr h¡ & VWm{n B§S>EEg 19 Ho$ àmdYmZm| H$m AZwnmbZ H$aZo Ho$ {bE {ZJ‘ Zo A~ 01.04.16, 31.03.17 VWm 31.03.18 Ho$ AZwgma ~r‘m§{H$H$ ‘yë`m§H$Z àmßV {H$`m h¡ & VÖþgma EŠMwAar [anmoQ>©g Ho$ AZwgma godm{Zd¥{Îm níMmV arQ>|S> AO©Z Ho$ g‘m`moOZ Ûmam Q´m§greZ H$s VmarI go `m{Z 01.04.16 H$mo {M{H$Ëgm bm^ hoVw 3.90 H$amo‹S> ê$. H$m àmdYmZ {H$`m OmEJm & AmJo, {dËVr` df© 2016-17 ‘| ì`` na 23.57 bmI ê$. VWm {dËVr` df© 2017-18 ‘|

volatilityofforeignexchangefluctuationsbyhedgingthe risk to achieve greater predictability and stability. Foreign currency exposures are recognized from the time an export contract is signed and as per contractual maturity prior to opening of Letters of Credit by foreign buyers. Without venturing into the speculative aspect of dealing in currency derivatives, Corporation aim to coverforeseeablefluctuationswithahedge.

52. Based on the observations of CAG, Mumbai during supplementary audit, the following revisions are made:

(i) Provision for Interest on Punjab Infrastructure Cess:

The Corporation had made provisions for cess till 3rd February 2014 and interest @ 1.50% per month under the Punjab infrastructure (Development and Regulation) Act, 2002. Section 26(2) of the Act related to interest was omitted by State Govt. through gazette notificationdated3rdNovember2003.On thebasisof the observation made by CAG, the Corporation revisited the matter in respect of the interest on Punjab Infrastructure Cess. In the light of the provisions of the Punjab Infrastructure Development Act, judgments of Hon’ble Supreme Court and the interpretations of various judgments, the Corporation has reversed the provision for interest amounting to Rs. 6459.99 lakh.

(ii) Inventory Valuation :

In case of one of the branch, the inventory was valued at Rs. 245.19 crores instead of 244.21 crores. Accordingly, value of inventories as on 31.03.2018 has been revised to Rs. 139282.72 lakh instead of Rs. 139381.07 lakh.

(iii) Provision for Post Retirement Benefit Scheme :

The Corporation was recognizing the Post Retirement MedicalbenefitexpensesinthestatementofProfitandLoss in the year in which payment is made. However, in order to comply with provisions of Ind AS 19, the Corporation has now obtained the actuarial valuation as on 01.04.2016, 31.03.2017 and 31.03.2018. Accordingly as per the actuaries reports, a provision of Rs. 3.90 crores towards post retirement medical benefits is to bemade on the date of transition i.e.as on 01.04.2016 by adjusting the retained earnings. Further, in F.Y. 2016-17, net impact on expenses would be Rs. 23.57 lakh and Rs. 23.51 lakh in F.Y.

48 dt dm{f©H$ [anmoQ>© 2017-18

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23.51 bmI ê$. H$m ewÕ à^md n‹S>oJm & AV: B§S>EEg 19 Ho$ àmdYmZm| H$m AZwnmbZ H$aZo Ho$ {bE boIm| ‘| g§emoYZ {H$`m J`m h¡ &

(iv) ì`mnma àmß` VWm arQ>|S> AO©Z ì`mnma àmß` VWm arQ>|S> AO©Z go 31.53 bmI

ê$; H$s am{e KQ>mB© JB© (à{Vny{V© à^md) {OgH$m g‘m`moOZ {H$`m J`m h¡ &

53. JV df© Ho$ Am±H$‹S>m| H$mo Ohm± Amdí`H$ Wm, ar-J«wn/ ar-H$mñQ> {H$`m J`m h¡ &

2017-18. Hence, revision in accounts is made in order to comply with the provisions of Ind AS 19.

(iv) Trade Receivables & Retained Earnings:

The amount of Rs. 31.53 lakh reduced (compensatory effect)fromtradereceivableandretainedearningshave been adjusted.

53. The previous year figures have been regrouped /restated wherever necessary.

For and on behalf of Board of DirectorsH¥$Vo Ed§ {ZXoeH$ ‘§S>b H$s Amoa go

(S>m° nr.A{„ amZr)(Dr. P. Alli Rani)

AÜ`j Ed§ à~§Y {ZXoeH$ Chairman-cum-Managing

Director DIN : 02305257

(àXrn Hw$‘ma AJ«dmb)(Pradeep Kumar Agarwal)

{ZXoeH$ ({dÎm)Director (Finance)

DIN :05234132

(E‘.E‘.Mmo¸$qbJ‘)(M. M.Chockalingam)

{ZXoeH$ ({dnUZ) Director (Marketing)

DIN : 00051744

(b{bV Hw$‘ma JwßVm)(Lalit Kumar Gupta)

H§$nZr g{Md Company Secretary

Membership No. : 46871

{XZm§H$: 23/08/2018Date: 23/08/2018

hñVmja H$m ñWmZ : ZB© {X„rPlace of Signature: New Delhi

h‘mar g‘g§»`H$ VmarI H$s g§b¾ [anmoQ>© Ho$ AZwgmaIn terms of our Report of even date annexed. H¥$Vo ~§gb Ama Hw$‘ma E§S> Egmo{gEQ>for Bansal R. Kumar & AssociatesgZXr boImnmbChartered Accountants(’$‘© a{OñQ´oeZ Z§.008186EZ)Firm Registration No.008186N

Ama.Ho$.JwßVmR. K. Gupta^mJrXmaPartnerE‘.Z§. 086851Membership No. : 086851

{XZm§H$: 15/10/2018Date: 15/10/2018hñVmja H$m ñWmZ : ZB© {X„rPlace of Signature : New Delhi

h‘mar g‘g§»`H$ VmarI H$s g§b¾ [anmoQ>© Ho$ AZwgmaIn terms of our Report of even date annexed. H¥$Vo ~doOm E§S> H$m¡b for Baweja & KaulgZXr boImnmbChartered Accountants(’$‘© a{OñQ´oeZ Z§.005834EZ) Firm Registration No.005834N

Xbrn Ho$ H$m¡bDalip K Kaul^mJrXmaPartnerE‘.Z§.083066 Membership No. : 083066

{XZm§H$: 15/10/2018Date: 15/10/2018hñVmja H$m ñWmZ : ZB© {X„rPlace of Signature : New Delhi


190

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~¢H$m| H$s gyMr (g§H$m¶)LIST OF BANKS (CONSORTIUM)

Bbmhm~mX ~¢H$ ALLAHABAD BANK

AmÝY«m ~¢H$ ANDHRA BANK

~¢H$ Am°’$ ~S>m¡Xm BANK OF BARODA

~¢H$ Am°’$ B§{S>¶m BANK OF INDIA

goÝQ´>b ~¢H$ Am°’$ B§{S>¶m CENTRAL BANK OF INDIA

H$m°anmoaoeZ ~¢H$ CORPORATION BANK

XoZm ~¢H$ DENA BANK

Amo[aE§Q>b ~¢H$ Am°’$ H$m°‘g© ORIENTAL BANK OF COMMERCE

n§Om~ ZoeZb ~¢H$ PUNJAB NATIONAL BANK

ñQ>oQ> ~¢H$ Am°’$ B§{S>¶m STATE BANK OF INDIA

qgS>rHo$Q> ~¢H$ SYNDICATE BANK

¶y{Z¶Z ~¢H$ Am°’$ B§{S>¶m UNION BANK OF INDIA

¶yZmBQ>oS> ~¢H$ Am°’$ B§{S>¶m UNITED BANK OF INDIA

{dO¶m ~¢H$ VIJAYA BANK


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NOTES

Crea

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: Me

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