SENTINI BIOPRODUCTS PRIVATE LIMITED REGD OFFICE: PLOT NO-1229, ROAD NO-60 JUBILEE HILLS HYDERABAD ~ 500 034 COMPANY INFORMATION BOARD OF DIRECTORS 1.SMT. KJAYA 2. SRL JOSEPH RAYMOND PETER 3. SRI.T.SESHAGIRI RAO 4. SRILMLL.N. ACHARYULU 5, SMT. M.PADMA REGISTERED OFFICE PLOT NO.1229, ROAD NO.60 JUBILEE HILLS, HYDERABAD — 500 034 AUDITORS AMARNADH & ASSOCIATES CHARTERED ACCOUNTANTS HYDERABAD BANKERS HDFC BANK LTD JUBILEE HILLS BRANCH HYDERABAD. SIXTEENTH ANNUAL REPORT 2019-20,SENTINI BIOPRODUCTS PRIVATE LIMITED Registered Office: Plot No.1229, Road No. 60, Jubilee Hills, Hyderabad-500034 CIN Na: UO1211TG2005PTC045437 NOTICE Notice és hereby given that Sixteenth Annital General Meeting of the company will be held on 30" December, 2020 at 10.30 A.M. at the Registered Office of the company at Plot ‘No. 1229, Road No. 60, Jubilee Hills, Hyderabad-500034. ORDINARY BUSINES: 1. To receive, consider, approve and adopt the Balance Sheet as on 31° March, 2020, ‘Statement of Profit & Loss and Cash Flow Statement for the year ended as on that date together with Report of Directors and Auditors thereon For and on behalf of the Board, aT? da Place: Hyderabad ina Date +09" December 2020 Managing Ditector DIN:OO103118 NOTES: 1. A member entitled to attend and vote at the Meeting is entitled to- appoint a proxy to attend and vote instead of himself/herself and proxy need not to be a member of the ‘Company. 2. ‘The proxy form duly completed and signed should be deposited at the registered office off the Company at least 48 hours before the commencement of the meeting.SENTINI BIOPRODUCTS PRIVATE LIMITED Registered Office: Plot No.1229, Road No. 60, Jubilee Hills, Hyderabad-500034 CIN No: UO1211TG2005PTC045437 DIRECTORS REPORT. To ‘The Members, Your Directors have pleasure in presenting Sixteenth Annual Report for the year ended 31st March 2020, BUSINESS OPERATIONS AND FINANCIAL RESULTS: Financial Performance for the year under review is given as under, &. in Lakhs Particulars 2019-20 2018-19 | Sale and other income * 4051032 27006.04 Profit before interest and depreciation 4155.29) 2567.03 Interest =a 961.21 $94.94 Depreciation 801.34 862.17 Profit for the year before tax: 2392.74 $09.92 Profit after taxe 1616.92 209.2 « Exehiding sales and other income of Tie-up arangement. CAPITAL EXPENDITURE: During the year under review an amount of €.148.86 Lakhs was incurred towards eapital expenditure of the company FUTURE OUTLOOK: The operations of the company are encouraging arid expects improved perfarmance during the year. TRANSFER TO RESERVE: The company has not transferred any amount to gsneral reserve. DIVIDEND: Considering the accumulated loss your directors have not recammended payment of any dividend for the financial year ended 31 Mareh, 2020. DEPOSITS: ‘The company has not accepted any deposits from the public pursuant to Chapter V of Companies (Acceptance of Deposits) Rules 2014, SUBSIDIARIE! The company is nol having any subsidiaries,EXTRACT OF THE ANNUAL RETURI ‘The details forming pact of the extract of annual retum in form MGT 9 is enclosed as Annexure - L NUMBER OF MEETINGS OF THE BOARD: During the year under consideration 4 (Six} Board Meetings were held. Board Mecting Date | Total No. of Ditectors ] Attendance % Directors Attended 9 5 - 3 60.00 7-09-2019 5 3 60.00 2-11-2019) 5] 3 60.00 17-03-2020 - 5 3 60.00 (CHANGES IN SHARE CAPITAL: During the year under review the company has allotted shares as mentioned in Note Na: 3. DIRECTORS RESPONSIBILITY STATEMENT: In compliance with Section 134(3} of the Companies Act, 2013, your Directors hereby confirm and state as follows: a, That in preparation of the annual accounts, the applicable accounting standards have been followed. b. That the directors have selected such accounting policies and have applied them consistently and made judgment ond estimates that are reasonable and prudent, $0 as to give true and fair view of the stare of affuirs of the Company at the end of the finaneial year and profit and loss statement of the company for that year, ¢, That the directors have taken proper and sufficient care for maintenance of adequate aceounting records in accordance with the provisions of Companies Act 2013, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities, d. That the directors have prepared the annual accounts on a going concern basis. ce That the directors have devised proper systems to ensure compliance with the provisions ofall applicable laws and that such systems were adequate and operating effectively f. The Internal financial controls to be followed by the campany have been laid down and that such internal financial controls are adequate and operating effectively. RELATED PARTY TRANSACTIONS: During the financial year ended 31st March 2020, all the contracts or arrangements or transactions entered ints by the Company with the related parties were in the ordinary course of business and on an arm’s length basis and were in compliance with the applicable provisions of the Companies Act, 2013 Further, the Company has not entered into sny contract or arrangement or transaction with the related parties which could be considered on materiality of related party transactions. The transactions with the related parties are shawh in the disclosures to the accounts,PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS: ‘The company has not granted any loans, guarantees nor made any investments covered under seetion 186 of the Companies Aet, 2013 PARTICULARS OF EMPLOYEES: ‘The details pursuant to section 197 of the Companies Act, 2013 read with Rule 5(- Companies (Appointment and Remuneration of the Managerial Personnel) Rul: enclosed as Annexure. - II of the 014 is DETAILS OF DIRECTORS OR KEY MANAGERIAL PERSONNEL WHO WERE. APPOINTED OR RESIGNED DURING THE YEAR: During the year under review Smt.T. Ratna Kumari were resigned as Directors of the company. Further there were no other changes in Directors/Key Managerial Personnel during the year under review, AUDITORS: Mis.Amamadh & Associates, Chartered Accountants (CAL firm Registration No 0191198), was appointed as Statutory Auditors of your Company in the 15" AGM beld on 30 September 2019 for a peried of 5 years till the conclusion of the 20" AGM of the company. AUDITOR'S REPORT: ‘The auditor's report to the shareholders for the year under review does not contain any qualification or adverse remark, DETAILS OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS: The company has in place adequate internal financial controls with reference to financial statements. During the year sueh controls were tested and no reportable material weaknesses in the design or operation were observed. CHANGE IN THE NATURE OF BUSINESS: During the year under review there is no change in the nature of business of the company. THE DETAILS OF SIGNIFICANT MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURE: No significant or material orders were passed by the regulators or courts or tribunals impacting the going concer status and company’s operatians in fiture during the year under review. MATERIAL CHANGES AND COMMITMENTS, IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY: There were no material changes and commitments in the business operations of the company fiom the financial year ended 31" March, 2020 to the date of signing of the Directors Report.CONSERVATION OF ENERGY, RESEARCH AND DEVELOPMENT, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO: ‘The particulars as prescribed under Sub section (3) (m) of Section 134 of the Companies Act, 2013 read with Rule 8 of the companies (Accounts) Rules, 2014 are annexed to this Report as Annexure “IIL (CSR EXPENDITU! During the year, in pursuance of the recommendations of the CSR committee, the company has spent €.24.46 Lakhs towards implementing the CSR activities. Annual Report on CSR, as required by the Act is annexed to this Report ax Annexure -1V RISK MANAGEMENT POLICY: ‘The company has policy far identifying risks and established controls to effectively manage the risk. Further the company has laid down various steps to mitigate the identified risks, DISCLOSURE PERTAINING TO SEXUAL HARASSMENT OF WOMEN AT WORK PLACE: During the financial year ended 31% March, 2020 the company has neither received any complaint nor there are any pending complaints pertaining to sexual harassment. ACKNOWLEDGEMENTS: Your Directors take this opportunity to thank the shareholders, Bunks, Government agencies, employees for their support and look forward for the same in future, For and on behalf of the Board of of Sentini Bioproduets Private Limited “jee Hep K. boa T. Seshagiri Rao Place: Hyderabad. Managing Director Director Date: 09" December 2020 Din:00103118 Din:00103149Anmexure: Ita Director's Report of Sentin! Bioproducts Pvt Ltd for the year ended 21-03-2020. FORM NO.MGT9 EXTRACT OF ANNUAL RETURN Pursuant to Section 92 (3) of the Compantes Act, 2013 anc rule 12(1) of the Company (Management & Administration) Rules, 2014, |. REGISTRATION & OTHER DETAILS: Lyen UorzirrGz0nsFTCoasAaT 2. Registration Dave B2fO272008 | Name of the Company SENTINI BIOPRODUCTS PRIVATE LIMITED | Category Sub-category of Ue Company | Private Limited Company 5, | Address of the Registered office & contact | details Plot No. 1229, Road Ne. 60 Jubilee Hills, Hyderabad-500034 & | Whether lated company No 7. | Name, Address & contact detalls ofthe Registrar & Transfer Agent, if any. Notapplicable I, PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY (All the business activities contributing 10% oF mare ofthe total turnover of the company shall be stated) ‘S.No. | Name and Deseription of main NiGGode ofthe | % to total turnover of the company products / serviees Productiservice T Potable Alcohol Tigi a z Extra Neutral aleoh ol I Tides FAAS IN, PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES ‘SNO. | NAME AND ADDRESS OF iN] GEN HOLDING] | SOF “APPLICABLE COMPANY SUBSIDIARY/ | SHARES | SECTIONS ASSOCIATE | HELD i it lv, SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity) ‘A) Category-wise Share Holding Category of No. of Shares held at the beginning of | No.of Shares held at the end afthe cy Shareholders the year[As on 31-Mareh-2019] ‘year[As on 31-March-2020] Change De] Physical | Total foot Pe] Posed] Toa ear | ane mat [Total at ‘Total at Bhares_ Shares | _¥*' ‘H.Promoiers (i) indian a individual HUF a ‘b) Central Govt = = = State Govi(s) = = = : @ Bodies Corp TS | Taw | Sa | | ae] es | | ‘) Banks / Fi = = = anyother > Z 5 Sub-toral (AVC) TEA | EE =| Wraasens | t7aaseee [Fae](2) Foreign a) NRW Individuats | Bb) Other— E - > > a Individuals e) Bodies - . . = corporate | d) Banks / FL ¢)_Any Other | Sub-total (A}{2) ‘Total shareholding, FRM | Ee ae a ee A eT} of promoter(a}=[A){ 1)+(A)(2) B, Public Sharcholding. Ts Instieutions 1a) Mutual Funds = z 5 : + b) Banks / FT 7 = = ° = «€) Central Gove = = . 2 - a) State Goviis) 5 . z - - Sub-total (B)(Li- * ¢ = |= E [- 2, Non-Institutions a] Batlies Corp, ‘eon | yao | 596, wecoo | wooo | sas ‘Indian = : e Uj Overseas 'b) Individuals : : = 5 : 1) Others (specliy Non Resident Indians ‘47,00,706 | 47,00.708 | 20.15 700,746 | 4700708 | 20.15 ‘Overseas Corperate : - = - - Bodies Foreign Nationals ‘Clearing Members Trusts = = = 5 = Foreign Bodies- D & 0768 | o.00,706 | 26.10 20,00,788 | 60,99,796| 26.10 ‘Sub-total (B)(2)= Total Public ang 60,90,208 | 60,90,706 | 28.10 600.768 | 60.9078] 26:10 | (B)=(6)C1Y> (HNL G Shares held by = = = i= ® ‘Custodian for GDRs & ADRs Grand Tatal (A4B+C) sa.ae672 | 248,38,672 | 100.00 | ease 285,36.672 | 100.00B) Sharchelding of Promoters: 3 ‘Shareholding atthe beginning | Sharcholding st the end of tho WN | Sharehaider’s Name | ortheyoar year Woof [of | ot No.of Gor | Mor Suchange ‘Shares total | Shares Shares. total ‘Shares: jinshare Share | Pledgec J Shares | Pledged / | hokding sof | encumber ofthe | encumber | during the — | edtototal otpan | ed to total | the year comp | shares y shares any 1 | Seshagir Rao 43,4a.393 | 27.21 | NIL 6550303 | 27.25 | NIL or 2 [Rhye 9,64,533 | 1356 | NIL 31,64533 | 1356 | NIL 2.00 377 Ratna Kumar 75,000 [008 [IE o] ao | (aaa) a | Sentini Technologies Put Lad 7.22,960 | 33.09 | NIL. 77.22,960 | 33.09 | NIL | 9.00 ©) Change in Promoters’ shareholding (please specify ifthene is no change} 0 Sharehoklingat te | Shareholdingat the end | Increase / (Decrease) No. beginning ofthe year__| of the year during the year For each ofthe Promoter No.of Wottwtal [No.of | Water [Naot | Seal teil “shares sharesof | shores | sharesef | shares | stares of the the the oH company. company -contpa _[ i Sestiagiri Raw ‘At the beginning ofthe year Tes] Fa 5 =f =] ‘At the End of to year Gsaa93 725 | 1.000 04 jaya Kom meal 5 [—Tnvthe beginning of the year aiersis | __ 1586 ‘Atthe End ofthe year i Tse Tie = 3__|7,Ratoa Kumari | At the beginning of the year Tapo0 | ae a] = = Atthe end of the year == = = Tar 4 | Sentini Technologies PvE Lad ‘Atthe beginning of the year Tenel 3 = = = Atthe end of the year = Frese aa : : ) Shareholding Pattern of top ten Shareholders: {Other than Directors, Promoters and Holders of GDRs and ADRS}: Sl |For cach of the Top 10 | Sharchelcing atthe ‘Sharokalding atthe end] Tereasv / Decrease) Na, | Shareholders begining o tbe year atthe year duringthe year No.ofshares | Softer | Ho. oF % oftotal | Naot Solwual cerarapet | shares | sharesaf | shares | shares the the the company, sompan) company T_| Srinivas Tipirnent ‘AL the begining of the year Toores | _—__ ans = Atthe End of te year Tana : =] | Seshasuma Finvest Pvt Ltd AL the beginning of the year ama] ai : z tthe End of te year mim aL z z 3_| Senifad Softec Private Limited —_| ‘Atte begining of te year Eoooae | at ‘Atte End of the year T So ne = zE) Shareholding of Directorsand Key Managerial Personnel: sh. Shareholding atthe | Shareholding at the | Inerease / (Decrease) N beginning oftheyear | end of the year during the year Foreach afthe Fromorer No.of Wolo! | Wok | welt | Neal | Woltota shares | sharesof | shares | sharesof | shores | shares of the the the compan company orpany Tr | Sechagiri Kao: ‘Ri the beginning ofthe year Bae aT : 5 z = ‘Atte End of he year aan Has [Toone ae 2_[ Jaya Kommaraju. ‘Atehe bepineing ofthe vear Tans] TSE ~ ‘Attho Bad ofthe year a Tae TEE = V) INDEBTEDNESS -Indebteciness of the Company incliding interest outstanding/accrued but not due for payment (ln Rs) Tecured Loans Unsecured Total paler Loans Deposits | crdebtedness: Tnddebecdncssat the begianing ofthe financial year [i Principal Amount wosaneiie| eaaansa| NL] @40888I70 [interest due but nox pald NIL, Cs Ni if] Inerestaccrued but nat dae NIL. wi | __Nib NIL “Total (iit) sosaoaiie | 44382054 NIL | 640686170 Change in Indebtedness during the financial year [addition '10,00,00,000 Nik, ‘NIL | _16,00,00,000 * Reduction 116, 4AG 02.054 hun | 5.60,16.322 Net Change 683,685,732 | [4,43,02,054) NIL | 4.4983,678 Indebtednessat the end of the | nancial year 1) Principal Arwounit 68,16,09.008 NIC NIL] 69.4668.848 ii) Interest due but mot paid NL iL NIE NL ii) interest acerued but not due Nfl ‘NIL NIL NIL. Total (i+iiviii) £68,46,69,040. NIG NIL | 60,46,65,840 } VL REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL- ‘A. Remuneration to Managing Director, Whole-time Directors and/or Manager: (In Rs 3. | Particulars of Remuneration Name of MB/WTD, Manager Kava Joseph T Seshagiri Rao MD | Raymond Peter | Executive Chatrman MD 1 | Grosssalany [ {a) Salary asper provisions [32400000 | 112,00,000 TORO contained Insection 17(4) of the Income-tax Aat, 1961 (6) Value of perquisites o/s wil NL Nib 15{2) Income-tax Act, 1961 (6) Profits in ew of salary Nik MIL Nib under section 17(3) Income- fax Act, 1964 [Total (A) 2.24,00,000 1,12,00,000 3,60,00,000 Celilng as par the Act NA, ma | NAB, Remuneration to other directors: NIL C.Remuneration to key managerial personne! other than MD/MANAGER/WTD: MIL. VIL PENALTIES PUNISHMENT / COMPOUNDING OF OFFENCES: | Section ofthe Companies Act ‘Type Brief Deseription Details of Penalty / Punishment Compounding foesimpesed ‘Authority IRD; NeuTy couRT] Appeal made, Ifany (give Details) ‘A. COMPANY NIL Penal Punishment Compounding [RiRECTORS Nit Penaity | = | Punishanent T ‘Compounding I COTHER OFFICERS IN DEFAULT Penaliy Punishment ‘Compounding ‘Annexure: Il to Director’s Report of Sentini Bioproducts Pyt Ltd for the year ended 31-03-2020, ‘The details pursuant to section 197 of the Companies Act 2013 read with Rule 5(2) of the Companies (Appointment and Remuneration of the Managerial Personnel) Rules, 2014 manager T] Name age & designation ofthe | Mrs. Konumaraju | Mr T Seshagin’ | Me. Joseph employee Jaya Rao Raymond Peter Managing Executive Malian Director Ghairmen | Director 2 | Remuneration received Rs. 3,24,00,000 | Rs, 3,60,00,000 | Rs. 1,12,00,000 | 3] Nature of employment, Regular Regular Regular ‘whether contractual or otherwise 4 | Qualification and experience of [Mi Tech MBA MSe the employee 5 | Date of Commencement of | 20-11-2010 OORT | OLTO-B0NF employment i 6 [The age of Such Employee | 50 years 76 years 6d years 7 | The last employment held by | Sentini Cenmica | Sentini Cermica | Government such employee before joining | Private Limited | Private Limited | Service she company 8 | The Percentage of equity 13.56% 225% Nil shares held along with spouse & dependent children, 9] Whether any such employee is |MPadma __-| MPadma- NA arclative of any director or —_| Sister Daughter manager of the company and if | T:SeshagisiRao |KJaya - soname of such director or —_| -Father DaughterAnnexure- {II to Director's Report of Sentini Bioproducts Pvt Ltd for the year ended 31-03-2020, Information as required under seetion 134(3) (m) of the Companies Act,2013 read with Rule 8 of the Companies (Accounts) Rules, 2014, ‘A. Conservation of energy (i) The steps taken or impact on conservation of Energy (ii) The steps taken by the Company for utilizing altemate sources of Energy (ii) The Capital Investment on energy conservation equipments Necessary steps are taken for conservation of energy. NA NIL. B, Technology absorption (i) The efforts made towards technology absosption Gi) The benefits derived like praduct Development or import substitution (iit) In esse of imported technology Indigenous technology NA (a) The details of technology imported NIL (b) The year of import whether the technology NA been filly absorbed (©) ifnot fully absorbed, area where absorption has | NA. not taken place, and the reasons thereof; (iv) The expenditure incurred on Research and NIL Development Efforts ©, Foreign exchange earnings and outgo 1. Earnings: NIL Activities relating tc exports, initiatives taken to increase exports, development of new export markets for production, service, and export plans, 2. Gutga B3.35,06.278 Annexure-1V to Director's Report of Sentini Biopre duets Pvt Ltd for the year ended 31-03-2020. Annual Report on Corporate Social Respensibility (CSR) activities, The company has complied with section 135 of the Companies Act dealing with corporate social responsibility and spends the preseribed amount, L.Company has formed a CSR committee comprises of ene Managing Director and two directors. 2. Average Net profits of the company for last three financial years is Z,1215,.22 Lakhs. 3.Prescribed CSR Expenditure (2% of shove amount) is 2.24.30 Lakhs, 4.Details of CSR spent during the financial year: fducation, 5. Total Amount to be spent for the financial yeur: 2.24,30 Lakhs. 6, Amount unspent, ifany: NilManger in which the amount spent during the financial year is detailed below: - (in Lakhs ) (1) | 2) GB) (4) 3) an Q) (8) SL | CSR Sector | Projects ec} Amount | Amount spent | Cumulative | Amount No | project or | in Programs (1) | outlay on the | expenditure | spent activity | which | Local area or | (budget) | projecis or | up to the | Direct or identified | the other project or | programs reporting —_| through project | @) Speeily the | programs | Sub-heads: | period implement is state and | wise (1) Direet ing covered | district where expenditure agency projects or on projects or programs was programs ‘undertaken (2) Overheads | 1 | Education | Promati | Local and | 24.46 Direct 24.46 Direet on of | other area. Expenditure Edueati | Krishna, East on Godavari and West Godavari Districts of Andhra Pradesh Je eee! Ka T, Seshaigiri Ruo Place: Hyderabad Managing Director Director Date: 09" December 2020 ‘Din:00103118 Din:00103149AMARNADH & ASSOCIATES — 8-20, Flat No, 503, Sri Sai Krupa Residency, DB Colony, fiaghamberpet, CHARTERED ACCOUNTANTS | Os | Hite aon Telangans, Phone No.: 04027423889 Mobile No, 9896686424 ‘Email: yelchuri_amarnatnbyahoo.com INDEPENDE! AUDITOR'S REPORT. To The Members of Mis. Seittini Bioptoduets Private Limited Report on the Financial Statements Opinion [ have audited the Financial Statements of Sentini Bioproducts Private Limited ("the Company"), which comprise the balance sheet as at 31 Mareh 2020. the Statement of Profit and Loss and statement of cash flows for the year then ended and notes 10 the (nancial statements, including a summary of the significant accounting policies andl other explanatory information (hereinafter referred to as “Financial Statements”), In my opinion and to the best of my information and according tw the explanations given to mie, the aforesaid Financial Statements give the information required by the Companies Act. 2013 (4he Act”) in the manner so required ond give a truc and fair view in conformity wiih the accounting principles generally accepted in India, of the state of affairs (financial position) of the Company asat 31 March, 2020, its profit (financial performance) and its-eash Aews for th year ended on that date, Basis of Opinion I conducted my audit in accordance with the Standards an Auditing (SAS) specified under section 143(£0) of the Act, Our responsibilities under thase Standards ure further deseribwd in the Auditor's Responsibilities for the Audit of the Financial Statements section of our rejsorl. 1 am independent of the Company in accordance with the Cade of Ethics issued by the Inst of Chartered Accountants of India together with the ethical requirements that are rclevai the audit of the Financial Statements under the provisions of the Act and the Rules there under and | have fulfilled the other ethical responsibilities in accordance with these requirements ant the Code of Ethics. F believe that the audit evidence obtained is sufficient and appropriate te provide a basis for my opi ion. Information Other than the Financial Statements and Auditor's Report Therean The Company's Board of Directors is responsible for the other information, The other information comprises the information included in the Management Discussion and At Board's Report including Annexures t9 Bourd’s Report but dees not include th siatements and our auditor's report thereon,My opinion on the financial statements does not cover the other information and | de jot ‘express any form of assurance conclusion thereon. In connection with my audit of the financial statements, my responsibility is to read the ether information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or my knowledge abtained during the course of my avd atherwise appears (o be materially misstaved, If, based on the wark J have perfermesd, | cone) ic that there is a material misstatement of this other information, | am required te repori thet [set Uhave nothing. to report in this regard Management's Responsibility for the ‘The Company's Board of Directors are responsible for the maiters’stated in Section 134(5 al the Act with respect to the preparation of these Financial Statements that give a true and [air view of the financial position, financial performance and cash News of the Compuny in accordance with the aecounting principles generally aecepted in India, includi Accounting Standards specified under Section 133 of the Act, This responsibility alse i maintenance of adequate accounting records in accordance with the provisions of the Act safeguarding the assets af the Company and for preventing and detecting frauds and other inregularities: selection and application of appropriate accounting policies: making judgments and estimates that are reasonable and peudent: and design, implementation and 1 adequate internal financial controls; that were operating effec ind completeness of the accounting records, relevant to the preparation and presentation wf th Financia! Statements, that give'a true and fair view and are free from matertal misstatem due to fraud or error. wintenance 0 ly tie ensuring the accu Inpreparing the Financial Statements, manazement is responsible far yssessing th ability 10 continve as a going concem, disclosing, as applicable, matters re concern and using the going concer besis of accounting unless management either iniencls 6 liquidate the Company or to cease operations, or has no realistic alternative but (0 do so. teal to go Those Board of Directors are also responsible for aversceing the Companys faa lal reporting process, ‘ies for the audit of the Fi | Statements ni Auditor's Responsibil My objectives are to obtain reasonable assutance about whether the Financial Statements ‘+ ‘whole are thee from material misstatement, whether due to fraud ar error. and {0 issue an auditor's report that ineludes our opinion, Reasonable assurance is.a high level af assurance but is not a guarantee that an audit conducted in accordance with Standards on Aucliting (S:\s1 will always detect a material misstatement when it exists, Misstatements can arise from fraud or error anid are considered material if, individually or in the aggregate, they could reason he expected to influence the economic decisions of users taken on the basis of these Fmancia ‘Statements, AS part of an audit in accordance with SAs. we exercise professional judgment and maint professional skepticism throughout the audit, We alse:© Identify and assess the risks of material misstatement of the Financial Starcments whether due to fraud or error, design and perform audit procedures responsive to those risks. and obtain audit evidence that is sufficient and appropriate to pee ide a hiss for our opinion. The tisk of not detecting a material misstatement resulting from fi higher than for ane resulting from error, as fraud may involve collusion, forvers intentional omissions, mistepresentations, or the override of internal contuh + Obtainan understanding of internal control relevant to the audit in order 10 desiun suc procedures that are appropriate in the circumstances. Under seetion M33 (it nf the Act ‘we are also responsible fot expressing our apinion on whether the compa adequate Internal Financial Controls in place with reference te Financial Statements and the operating effectiveness of such controls + Evaluae the appropriateness of accounting policies used and the reasonableness accounting estimates und related disclasures made by management. * Conchide on the appropriateness of management's use of the koiny conce: accounting and, based on the audit evidence obtained, whether a material uncer exists related to events or conditions that may cast significant doubt on the Comps 's ability {0 eontinue as a going concer. If | conclude that a material uncestaimy exists. 1 am required 10 draw attention in my auditor's report to the related disclosures in the Financial Statements or, if such disclosures are inadequate, to modify my opinion, My conclusions are based on the audit evidence obtained up to the date of our aulitors report, However, future events or conditions may cause the Company ta cease continue as « going concern * Evaluate the overall presentation, structure and content of the Financial Siavem including the disclosures, and whether the Financial Statemems represent che underlying transactions and events ina manner that achiewes fair presentation governance regarding, among othe matters. the ni T communicate with those charged wit planned scape and timing of the aut and significant audit findines. inclustiny any deficiencies in internal contral that is identified during our audit, T also provide those charged with governance with a statement that | have eomplicd with relevant ethical requirements regarding independence. and to communicate with them all relationships and other matters that may reasonably be thought ta hear on our indepenclence. and where applicable. selated safeguards. Report on Other Legal and Regulatory Requirements 1. As required by the Companies (Auditor’s Report) Order, 2016-Cthe Onde") issued by the Central Government of India in terms of sub-section (11) of seetion 143 of the Aci I give in the “Annexure-A” a siaiement on the matters specified in paragraphs 3nd 4 of the Order 2. As required by section 143(3) of the Act. j report that: a) T have sought and obtained all the information and explanations whiely to the of my knowledge and belicf were necessary for the purpose of our auiit: bh) In my opinion proper books of account as required by law have been kept by the (Company so-far 8s appears from our examination of those hooks©) The Balance Sheet, Statement of Profit and Loss and the statement of eash to dealt with by this Report are in agreement with the books of account 4) In my opinion, the aforesaid Financial Statements eomply with the Aceounti ‘Standards prescribed under Section 133 of the Act read with Rule 7 of 1 Companies (Accounts) Rules. 2014, 2) On the basis of written representations received from the direetors as on March 4] 2020, and taken on record by the Board of Directors, none of the direcions ue disqualified as on March 31, 202, from being apps section 164(2) ofthe Act. f) With respect to the adequacy of the intemal financial eontels over financial reporting and the operating effectiveness af such controls. refer teeny separate report in “Annexure B” 8) With respect to the other matters to be included in the Auditor's report in accordance with the requirement under section 19716) of the Aci, is not applicable to the Company as itis not a public company andl hy With respect to the other matters ta be included in the Auditor's Report in accordance with Rule 1] of the Companies (Audit and Auditors) Rules, 2014, as amended, in my opinion and to the best of our information and according 1 the explanations given to me: i. The Company did not have any pending litigations which would im) its financial position, ii, The Company did not have any Jong-term contracts including derivative comtracts far which there were any material firesceable losses: iii, There were no. amounts which were required ta be mansferred fo the hjvesthi Education and Proteetion Fund by the ted as a director in terms of oe ompany For Amarnadh & Associates hartered Accountants RN: 0191198 fietor lembershipp Na:~ 021895 UDIN: 20021 893AAAAAROY 6 Place; Elyderabad Date: 09.12.2030“ANNEXURE — ACCOUNTS “ TO AUDITORS’ REPORT IN TERMS OF CARO-2016 ON DED 31"! MARCH, 2020 UF SENTINI BIOPRODUCTS PRIVATE LIMITED vii. a} The company has maintained proper records showing full particulars includinee quantitative details and situation of fixed assets, bb) Fixed assets of the company have been physically veritied by the management during the year as per the programme designed by the management. which in our opinion is reasonable having regard to the siee of the company and mature of its Discrepancies naticed on physical verification by the management, whiel are pot mnnierial, have been properly dealt with in the books ofaceounts of the company ¢) As per information and explanation provided to audit, the title deeds af immovable properties are held in the name of the company. The inventory has been physically verified by the management at reasonable intervals Discrepancies noticed on physical verification by the managem matetial. have been properly dealt with in the books of accounts of the company whieh: are net The company has not granted any Joans secured or unsecured to companies. firms, limited liability partnerships or other parties covered in the revister maintained unser Section 189 of the Companies Act, 2013, Accordingly. the provisions of eliuse (ili) n (b) and (c) of the Order are ant appl upon ble tr the company and hence not eammented The company hay not provided/made any foans, investments, garoraniees ans! scctrii under the provisions of Section [85 and 186 of the Companies Act. 2013, ‘The company has not accepted any deposits fram the publie and henee the directive issued by the Reserve Bank of India and the provisions of Section 73 to 76 ar any othe relevant provisions of the Act and the Companies (Aceepuance of Deposit) Rutless 20)| 5 with regard to the deposits accepted from the public are aot applicable. us no eos! reeands To the best of our knowledge and as per the explanations given ‘were prescribed to the company’s activity by the Central Government wis [48(1) of the Companies Act, 2013 a) Undisputed statutory dues including provident fund, employees” state Insuranee ineome-tax, sales-tar, service tax, duty of customs, duty of exeise. value aekled 19s. ce and any other statutory dues have been regularly deposited with the appmpriats authorities in all eases during the year, wherever applicadle, Ascording tthe information and explanations given to us, no undispated! ammount payable in respect of provident fiand, cmplayces” state insurance. ine service ax, duty of customs, diny of excise, value added BARES. sand any oth aK, ctni, xii, ‘ili. xiv. xv, statutory dues were in arrears as at 31° March, 2030 for-a period of more months fram the date they heeame payable b) As per information and explanation provided to the audit, there are no dues af income tax or sales tax or service tax or duty af customs or dury af excise: op vith added tax which have not been deposited on aceount of any dispute. In our opinion and according to the information and explanations given to us. thy company has not defaulted in repayment af dues to banks or fi Th company has not taken any loans or borrowings [rom the Government and ats not issued any debentures jell dnsstituti ‘As per information and explanation provided to audit, the company has not mtised any moneys by way of initial public offer or further public offer including del instruments) and term loans, Accordingly, the provisions of elause (ix) of the Onder are not applicable to the company and hence not cammented upon. Aecording to the information and explanations given to ws, based ot the & of books & records of the company and in accordinee with the generally accepiest auditing practices in India, no fraud by the company or on the Comp or employees has heen noticed or reported during the course of our audit ny by its affleeis The provisions of managerial remunetation mandated by the provisions of seetinn 19 read with Schedule V to the Companies Aer are not applicable, a the eompuns is Private Limited company, In our opinion, the company is not a Nidhi Campany. Therefore. the provisions 0 clause 3 (wii) of the CARO, 2016 ate nol applicable to the company According to the information and explanations given to us, all transactions with the related parties are where applicable and the details have been disclosed in the Financial Statements etc as required by the applicable accounting standards, compliance with sections 177 and 188 of Companies Act. 201% Based upon the audit procedures performed and the information and explanati by the management, the company has not made any preferential allotment ol partly convertible debentures during the year under review. Aecording tw the information and explanations given to me. the company’ his Al entered into any non-cash transactions with directors’ or persons cemnected! ith hinxvi. The provisions of clause 3 (xvi), In my opinion, the company is not rau registered under section 45 [A of the Reserve Bank of India Act. 1934 and aecordir ‘the provisions of clause 3 (xwi) of the Order are not applicable te the Company ‘hence not commented upon For Amarnadh and Associates Chartered Accountants FRR: 0191198 /¥ Aiharnadh Proprietor Membership No! 21893 UDIN: 2002 189IAAAAAROD 16 Place: Hyderabad Date: 09-12-2020Annexure -B to the Independent Auditors’ Report Report on the Internal Financial Controls under Clause (i) of Sub- section 3 of Seetinn 143 of the Companies Act, 2013 (“the Act") 1 have audited the internal financial controls ower financial repor Mis, SENTINI BIOPRODUCTS PRIVATE LIMITED (“the Company Mareh 31. 202020 in conjunction with my audit of the financial staicments of the Company far the year ended vy that date, Management's Responsibility for Interaal Financial Controks wil ffiséinnsi sa) The Company's management is respemsible for establishing and maintaining in controls based on the internal control over financial reporting criteria established by the ‘Company considered the essential components of internal control stated in the Cuidanee Nits on Audit of Intemal Financial Controls aver Financial Reporting issued by the Insti Chartered Accountants af India (ICAD. These responstilities include th implementation snd maintenance of adequate internal financial controls th effectively for ensuring the orderly and efficient conduct of its business, including adbersnes to company’s policies. the safepuaeding of its assets, the prevention and detection 0 frauds ml errors, the accuracy and completeness of the accounting records, and the timely prreparutivy of reliable financial information, ns required under the Act, I WEE Opi Auditors” Responsibility My responsibility is to express an opinion on the Company’s intemal financial eontrals ever financial reporting based on my audit. | have conducted my audit in uceordanee with the Guidance Note on Audit of Internal Financial Contrels over Financial Reporting (the “Guidance Nowe”) issued by ICAT and the Standards on Auditing, to the extent applicable audit of internal financial controls, both issued by [CAL Those Standards and the Guidance Note require that we comply with ethical requirememts and plan and perform the audit ts ol reasonable assurance about whether adequate internal financial controls over reporting was established snd maintained and if such controls operated eff material respects My audit involves performing procedures ta obtain audit evidence about the adequacy oF the intemal financial éontrols systems over financial reporting and their operating effectiveness. My andit af internal financial controls over financial reporting inel ed obtaining an understandiny of internal finaneial controls over financial reporting. assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of intemal conteol based on the assessed risk, The procedures selected depend on the auditor's judgment, including the assessment of the risks af material missiatement of the statements, whether due to fraud er error, T believe that the audit evidence obtained és sufficient and appropriate 10 provide a busis for eur audit opinion om the Company's internal financial contrals system over financial reportingMen ing of Internal Financial Controls over Financial Reporting A.company’s internal financial control aver financial report reasonable assurance regarding the reliability of financial reporting, and the prepa financial statements for external purposes in accordance wilh generally accepied accuumline principles. A company's intemal financial control over finaneial reporting inelutes these policies and procedures that (1) pettain to the maintenance of reconds that. in reasenable etait accurately and fairly reflect the transactions and dispositions of the assets of the company: (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation ‘of financial statements in accordance with generally accepted accounting principles, wd the receipts and expenditures of the company are being made only in accordance with authorisations of management and directors of the company: and (3) provide re assurance regarding prevention of timely detection of unauthorised acquisit disposition of the company's assets that could have a maerial effect on the firisheia! sistem isa pircesé designed 1 prow iow at Inherent Limitations of Internal Financial Controls Over Financial Report ng Because of the inherent limitations of intemal financial controls over financtal rep including the possibility of collusion or improper management override of controls. mt misstatements due to error or fraud may occur and not be detected, Also. projections of ais evaluation of the internal financial controls over financial reporting to fusure periods ane subject to the risk that the internal financial contro! over financial reporting may become inadey etic because of changes in conditions, or that the degree of compliance with the poligies or procedures may deteriorate, Opinion In my opinion, the Company has, in all material respects. system over financial reporting and such internal financial controls over financial report were operating effectively as at 31 March 2024, based on the internal contro! ave reporting criteria established by the Company considering the essential components af intern! control stated in the Guidance Note on Audit of Imemal Financial Conteols Over Finaneial Reporting issued by the ICAI. f adequate internal financi For Amarnadh and Associates Chartered Accountants PRN: 0191108 oP ¥ Amarnadh Eparees Membership No LIDEN: 20021895 AAAAAREY 6 Place: Hyderabad Date: 00-12-2020[hts SEHTINI BIOPRODUCTS (#) LTO ‘CN: wes0oUTGzaOSPTCasSK37 [PLOT NO 1229, ROAD NO 49, JUBILEE HILLS, HYDERABAD - 500 034 [BALANCE SHEET AS #731 MARCH 2020 Tora. lessers on-current axents Freee asets pet) (0 Tonge esees (iy Capi wrk tn progress eered tat asiet inet) fusng term loons an sevances omnes non cuxrert assets Current assets eventeries [Trade recelvabies casi ano oank palances [shor teers oars and adkemces focher curent asets ToTAL Particaars Wess | MRS arch HOD | eae ST March TO ;* | = EQUITY ano LasiLTEs shareholder's turds a} are casita ‘ 233,366.720 233,366,720 Reserves an surplus 5 1,132,479,264 970,787,411 1,365,045,964 | 1,204, 154,131 or-currend Mabties a) Long-term verowires ‘ 353,001,442 308,908,175, lerared wctabiny re " ‘ 908,175 | uceent ates fab Svart-term borrorings 7 784,408,141 190,301,256 (>) Trade payables o 615, 187,385 382,314,808 trots carer abate ° 319,729,384 30,970,256 7219, 324,910 076, 586,520 2,939, 403,038 10 1,565,682, 194 ‘0 8,310,864 it 7 2 18,823,766 Ba 37,297 652 7,589, 648,826 1,630, 890,212 8,408,187 77,151,247 28,357,046 10, 656, 345 7,830,084,473 1,755,463,001 “4 366,563 450 13.2 758,262,564 8 9,510,111 2 107,649,086, 1a 70,306,354 1,309,368, 565 2,939, 403, 038 363,979,616 297,148,564 2,119,181 43,467,750 107,370,687 834,185,795 7,589,648, 826 Yamenican ‘Sisietor emapehip No. 021855 Pace: Hyderabad Do. 08-12- 2020 [ijificnat Secoanting policies Rnores to accounts, 783 ‘is per cur report of exwn date annexed, Fr and on beat he 8 e- aya Managing Directar Bin orodt18 oe a: Salaaiad co Soe =(Ws SENTINE BIOPRODUCTS {P) LTD Clk UOSOoOTG2O0SPTCOKSA IT PLOT NO 1229, ROAD NO 60, JUBILEE HILLS , HYDERABAD - 500 034 STATEMENT OF PROT 6 LOSS FORTHE YEAR ENDED 1 MARCH 2020 Para Ware [Re waren aoa] Teme Maren OT revenue Conautng petaticns rm Revenue from operations (Gross) 6,271,845,971 5,086,492,969 Less: Excise Duty/Labelling Fee Export Pass Fee 1,359,088,758 1,261,889, 112 Revenue from operations(Net} 4,912,756 613 3,824,603,857 Other Incame 7 7,655,951 50,939,912 TOTAL (I) 4,920,412,566 3,875,543, 769 expenses Cost.of raw maternal and components consumed 18 43,123,053,825 2,295,595, 640, (increase }/ Decrease of Finished goods, workin process, 19 7,754,268 492,244, 874)] Employee Benefits f Expenses 20 97,256,582 100,607,266 ‘Other Expenses mn 1,256,818,770 1,234, 882,614 TOTAL (ily 4, 504,683,445 3,618,840, 646 Earnings before interest. tax, depreciation and amortization (EBITDA) ¢) (I) 415,529,119, 256,703,123 Depreciatian and amortization expenses 2 80,134,206 86,216,952 Finance costs B 96,121,110 89,494,473 Profit before tax 239,273,803 80,997,698 Tax expenses Current tac = 17,220,312 Deferred tat 77,581,950 84,698,250 TOTAL 77,581,950 101,918,562 Profit for che-year 161,691,853 (20, 926 B64) earnings per equty snare |Mormal/ Diluted 6.93 (1.02) Kieniicane accourtng pier @ notes enccaines VEO is po Gur bop of ee dae ated, for Avarnadh 8 Assocs Chartered Accountants FR No. 0191198 Forand on behalf ofthe Board decors pow J Aap? vada Kine | faanduanas lPreprittor a Bireetor lemberahip No, 021083 bin-ov103tee lass: Hyderabad Date: 09-12-2020,lis SENTINI BIOPROBLCTS (P) LTD Cis UosooaTIG200 sPTCORsA 37 PLOT NO 1229, ROAD NO 64, JUBILEE HILLS , HYDERABAD - $00 054 (CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2020 (456,326,363) Particulars [Asati March 2020 _[asat 31 March 2019 = ‘Gash Flow From Operating Activia Not profit wefore Tax 239,273,803 80,991,498 Adjustment for: Depreciation 80,134,206 Be, 26,052 Interest incoone tconsideved separately) 901.268 41,795,276 Interest expenditure (considered separately) 96,125,110 8,494,473, ‘perating Gesh flows before Working Capital Ghanges and other Assets 414,027,855, 254,907,847 Adjustinent for: Decrease/ Increase) in Inventories (2,583,835) (38,687,573) Decrease/ Increase} in Trade receivables (358,114,403) (60,160,670) Decreased (Increase) in Other Current Assets E non current assets 10,383,026 (104,047,345) ‘Decrease increase) in Loans & Advarces (54,644,656) (22,249, 900} (Deereaselt Increase in Current Liabilities and | ‘wade payables 48,631,505 170,347,215 (84,798,273) Cash generated fram Operations (41,700,508) 170,109,574 Net Cash provided by Operating Activities (A) (41, 700,508)| 170,109,574 Atomic meee Purchase of Flaed Assets (14,788, 868)) (196,024, 60589] ruin oe an ‘Net Cash pravided/(Used) Investing Activities (8) (13,887,604) 94,229,612} pen acetientsen Interest expenditure (96, 121,110) (85,494, 473} Borrawings from Banks 139,000,152 118,386,872 ‘Net cash used in financing activitios (ch 42,879,042 28,892,399 Niet inereese/(Uecrease) i cash and cash 13,703,070) aTTL3EL Sees erase aaa iene asa] yeabBe a caicibeedaleie wat asioan | came cme ster acinus eae FR No. 019195 f Forand on behalf Boardat Aport ae Cpe Habe cl pata propriitor managilg Dvactor Dhectoe Ee oncones dain ane Revinemet Date: 08.12.2020‘Sentin| Bloproducts (F) Lid. Notes forming part of Balance shoot ete 4: Share capital eT eh ww aT ae TOT a No. of shares: z No, ef shares = itor 00,000 a rn 204: 24,00,00) ey Homan 2.9m,000 2.000.000 29, o00000 oes ot l= ec Jed, bed ay paid op chro 824472 1 Maren 201121338572) ey nuns 3,66.00 nase 23,366,700 fares af 2.107 each aly pe op ora ayaaear2 123,366,720 23662 —-233,368,720 | Reconcillation of the shares outstanding at the beginning and atthe end of the year bs. Tare Rights attached to equlty shares: Ecty Shares Tew Torch Tae MaRS is saa No, of shares x (Mo. of shares, z Ee begining othe yer 25,336,672 25,508,700 17,515,090 TOT sued during the year 7 ‘ sanien sans.r0 urrtanding 2 te and ofthe your ReATE 23,66,720 mea paaseer20 ‘The company has only one class of equity shares having par value of &.10/-per share. Each holder of equity share Is entitled {t-one vote per share. in the event of liquidation of the company, the holders of equity shares will be entitied to receive remaining assets af the company, The distribution will be in proportian to the number of equity shares held by tne shareholders,. Dotats of shareholders hataing more than 8% shares in the company A at 31 March 2000 Wo, lakhs holding tn ther clase PARTICULARS We lake Beat 31 arch TOTP “holding inthe elas [Equity tharos of © WO each fully paid a's Senin Tectriclages () Lt, ur Tse lars Kaye 3165 54 lve. T-sesrape Ra Cry aras lds Seshasuna Finvest Pt Lt. 3.90 3.81 Note Ne. § __ Rotorvae and Surplus bs] at 68 e43 a0 no 20.15 aas6 ara 38 he ont of Profit anc Lone Particulars Beat 31 War 2020 | fat 31 har 1019 t x Securities Premium Balance at the beginning of the year 4,220,949,165 1,228,949.169 TOTAL [ease rer ramon ta | Balance at the boginning of the year (250,159,752 (aa, 732,803 |aca: Prot forthe year 161,691,852 (20,936,864) ToTAL (8.467, 295)| (280,159,783) ‘TOTAL 4,432,475, 264 970,767,401setae va _5pmouy yunewe 3496 24 reorne avo eso vee (oan95) 61 ues 40M ess 3 {peunnos yaeg exupuy wy 6202 HEN 1g 32 oy suonieg wenn ‘aict-Aen pve zine: dew wo Busuouiwes nuouipere oft syyeAnds!SueO| Opes omy ey Ana ay “KO yO eR eS | US Ag LAN URLS saujmonoR ua EIS SON wo pannioe ake apa jms yso¥9)- S298 SUBLAND Uo AUS pues pu Kons pangs Ho afmyD I a PaLToes 4 Bey wn BusoaIED Pe) UOT MOL gue La0R Key Ly BuADIUAUED RuROW RINGER Jo TUBE ANON! OG M steed er O9 OK Pasnoar 6102 J9q1U20%5 wy Hupsasunies ence MksAIeA Jo LALIPRA AUER e6 4 mymehadas =) 00-000! "2 Aue tor ea paver Durs ony pr oR Dace tO, "Ou 2404 ssp) so, peat een sepun pasoy siuwou apne yunows exage 24 ‘ove‘cnn'sar ‘a8 70090 VL ‘ocra0e'e ‘sugar ar wwaa} ‘orea6e OF (Grasnaos) syueq wou) 1ue0) secu ues sro ua] z = éL0r Wait ie aesy | oror Was 120 5y sueynoquseg ipreleg ae] BT aan seas souFyeG U1 Jo ed 0} soDORE “pm [ah sapoxdoyg yunuescaver’ woe simon conc nl seoores sco : caveats sic stayin ai 30 emma tg ri z z z iz t z Goce ewer [earomiewe | sormawitwn [auremwitinw [oeemeniiww | eacwenn me suxroniea _Saaeeeriece, Ta ST See REID RD Sy Serre Tee Taras oe soe rie car aT) wir stvone'ae ‘e9e'cez'ee (iio-a1) sxyqeney spe] torrereoe coor sat vets song 290 2 z a 2 | s siotomn cer [ouoen ten | sormenieme | oetomniciew | aowmwicen | orem ma somronie I Tan ie a Wa Toate sos — aRaC ee wa —feee a a] aeO7 ware ~[eestesns TELE Teo" sor Siew ig 02 mW 4 3 seeia ‘ene amy se ue ey | (apray) moto 9) ty omy een ren| noua eerstics aa swore exe oF : me Seaver TTT cevcoot |eovrsesrs | seeusvon = z Se [ame [en serenetes arming part of the Balance Shwet Note 13 etree Tax Asie innit) aL Tene ear particle TOMITAARN pan Si Wah | MAH Mesh | AvatS4 Merch] AewSW Mech | daa March “ena fait "eve mo exe ‘ine z t a = = z adnan: Dara a eaecaon TORR AL] aaa hice ant teamed rn under ce act ome aril stent Tora Taam eae cee 12 Los & noes TOTAL Fanart Canent ] Pretils Te oCST Warch | hv at H March | TAAEIY Monch ds Tah | AVA March | Asa much 300 2019 2020 018 7020 219 < z = z = = feaptarnacnacr —————— sre conse pt = rca concert gos woign| _saaas _isastvn “ ie.s58,063 | 92608) Te, 987 : ety opr fecal concede ‘ fenced comidred pod cara raven] reas rasan 1,00 ° 3.74383 Tesee.713| —aras.as3 000,717 | 8,000,000 | Lenn ecm tn anh kind Hecame cote pod lomecares enniort ened seria 257051 wish us o 75 88,103 TE 98,108 E [5 rs loner limocara, censored got irene sist 0. son 20.655, reps were rirmee a8 : = | sasnet — maueane fcc ener roo 1st oss] anon : nema oonaz FA Sea Tea. a 0 Lunn and acon ds rom eran other fins, TORRE Tear Cae rarelor: Tew at here | Avae stmarcr | HERETT Arch 18107 Meh "ib mt 20 oie t € = = a arp ele Des rere nn noc cece * 2 sf ice = : ove From nn ane a eco iy a - . - 1 @ 2 ey AaNave-12. ‘Track Recehmmbes ane! Dube anets Neher ses Tome Core Perle TERN dea BATT March AeaL Taare 20m a0 1nd ‘tr = z z T aon, eae wae aS othense Nor caren ark blancs fate 1 20st aaa | ams a ison “ 03300 304203] a.o980 a Jostens sees crue ted seo awa aan] aaa asa ronan en ty 138.365 1 : ey vanes 13 ros eens sec : ses| osu ams locas ne Sete wane] mane an = caer see Mem Sr cat pam for ; 5.0 . : 795.00 30 crce Tae x07 se.007m er ee er Lice fee mmm —23000| — Rseeon amma sree Recto Pm Govt. ew rene Taman | ran Sena Exe thie Labels rasna wee 2 135i a%0 a ener Cron Rats e-) tm a.suen wba s9e8. =) eastsae e830] aaa ane] rast i Tpe.caz an | 37,251.87 0.656 160] —Toaa-iat — 707 3.607 | tur veateRecvehion TOTAL Tercera eo Portis TERR Match | ASW Rech | ATA March | hs acST March] OH Baroy neat rch on ow 2030 2099 2020 aes @ © Cesilaiak ? = Keaard ar a ethene [oustanding ec sts Fesokse wren % si 28a [sting beso iv) ramen) ‘aera Bessie fosstancig acres scr 190s) 295885 __as52655 ora ar SE ISLE aay. $84 : Erasote 14 tovertates ‘Beats ware | eae a warch Perticulars oe ne € Taw amar an corporis THER a] GT pa aching mate. rasan | 3.964510) ana spares mesma | 45351207 fret ttiasen | 14as4279 IMrtsinProcess sama | 707893 frnenas seas ssirmza | 125;104000 lneengerias (Te-ue) S1a.000 TOT 7.9) Mote 15: Gash ard Rank Baan Tor Her-curee Carrere Particlars Gast hech | ase ‘Riak H hanch | ae ae wach] Asad March cata Nawe 2000 2019 2a 3010 019 t Tt z e |caanrear agonal lssiances win Bans» jis currant accounts seven | 687 sai6aes] 23087 lca on ar 51,005, 71,961 2 131,195) 7.361 aie = Eerse] aie lone bank ances: Iargin Money with Barks sanon| nsnon| 20nsm| ens] quasi] ison o.ri.00 | 72.532,083| 2.002.500] s.aa4.00 | van.sin | 1.907.599, Jamcunt duricnad unde mvcirrent Jesse note Ht) : 2.0.20) TOTAL TUS] seems | ——70mns00) — kaasoo | asia, aaeaTNotes forming part of Statement of Profit & Loss Note 16, Revenue fram operations As at 31 March 2020 ‘Asat 34 March 2019 Particulars : i Revenue from operations 4,663,205, 312 "T,B75, 186,661 Revenue froth operations (Tie-up) 1 608,642,059 2,241,306,108 Revenue from operations (gross) 6271, 45,371 5,086,497, 969 Less: Excise Duty/ Labelling Fee/ Export Pass Fee 619,365,149 215,899,676 Less: Excise Duty/ Labelling Fee (Tieup) 739,723,609 1,045,989,236 TOTAL TIT, 156, TET4,605, 557 | Brak up for Reverie: fram Operation: Agata ae 2020 | Asat Tae Finished goods sord 7 Extra neutral alcohol 2,725,138,000 4,716,870,700 Impure ‘Denatured spirit 89,522,600 48,120,425 Feed Supplement 526,021,145 442,381,654 Carbon dioxide /Dry Ice 57,418,136 47,008,140 Bottling Income 101,077,583 128,220,779 Potable Alcohol 4,164,025,248 492,512,963, EE renner § ese) 1,608, 642,059 2,211,306, 308 TOTAL 6,077 ,845,377 5,086,497, 589 Less: Excise Duty/Labelling Fee/Export Pass Fee 619,365,149 215,899,876 Less: Excise Duty/Labelling Fee (Tie-up) 739,723,609 1,045, 989,236 3,824, 605,857 Note 17 Other income ‘As at 31 March 2020 ‘AS at 31 March 2019 Particulars i y Interest received 901,264 1,795,276 Interest received (Tie-up) 84,811 193,608 Credit Balances Written Back 914,193 61,553 Profit on Sale of Asset . 145,000 Miscellaneous income 94,464 1,362,496 Miscellaneous sales 4,058 46,383,334 Miscellaneous sales (Tie up) 377,160 508, 649Sentins Blopeoducts (P) Ltd. Notes forming part of Statement of Profit & Lost Mote 1B, Cost af raw material and cemponants consumed Feat i Nareh BIG Tea March 2019 Details of raw’ material, chemicals and packing material consumed Particulars - Theoatany al the beqinning of the year 68,605,098 ‘Ad: Purchases 2,949,128, 190, 4 ,849,702,257 ‘Add: Purchases (Tiewp) "731,034,908 80,392,927 Les toventory at the end af the year 119,927,827 9,912,499 Lesetnventoy at the and af tne year (Tews) 7,812,140 10,723,195. TORAL 3,195,053, 825 TS 585,60. Hote 19. _(hcresse}idecrease in inventories Ses AS Ra AD ak Tae Grains 9,630,660, 198 TATE ET Process Chemicals 113,601,478 79,381,092 Omer Chernicals 73,9488 7,200 Packing Materials 128.147.288, 78,548,674 Consuristion (Tie-up 243,940,963. 463,668,932 Tora 3,083, 025 395,595, se 31 March 1020. Beet 31 march 1079 Parttewtars, m [Fevanteriocat the wad af The year Finkes goods 154,128,298 195,104,039 Finthee goods (Te up) 2,174,925 27,297,235, Work in procs 3,684,682 27,107,893, Work in process Tle) 3,396,262 3,729,268 Tes 54, 167 DERE Inventories atthe beginning of the year Fished goods 162,501,274 182,78, 948, Werk tn process 20,897,161 28,224,613 Tah as 185,093,501 Detalls of Inventory Tsaaee ‘Ab at 31 March 2020 ‘Ae EY March 2019 Nate 20. _ Employee benefits and expenses, Particulars z t Finished goods Extra Newtral Alechot 145,084,718 76,628,327 Ienpure Spit 42,699 1,763,669 Potable Acohol 7,575,895 397,235 By Products Feed Suplement aags7t 56,712,081 Carhensonide Gax 461350 Workin Process 27,107,293 ‘Werk In Process (Tie-up) 3,729,268 ToL T5350, SapeEe esa Ra a Aes eh elares wages Ebous SBS STE rea ‘Employers Contribution to Povidnt Fund 31,995,085 4.252.480. Gratuity 435,292 42.503 Bonus Exgratia 1,488,356 1,185,660: Staff welfare expenses 2,202,857 2,512,175 Tora ata) i ihe aeNote 21, Gther expenses eae BET ea mes ae Cansargtran af Ware and ares FES IOF 52, 161,56 Pomer and ful 1,248,371 A 575,406 Water Charges 2.07%, ent 4.513,300, 4041,933 Paes & taxes 31,668,924 33,308,072 Insurance 19,828,486 14. 344.205, Freight, Losing E Unicoding charges 1,723,178 8,700,731 Aottling Plant Maitenance Expenses 37,628,900 Repairs & maintenance Bulls 28,897,55) 5,929,975 Electrical equipments va.903.221 1,785,225 ‘tice equipement 1,211,368 6.304 + Plant and Machinery 20,744,032 11,204,780 = Webicle maintenance 3.53452 3,007,556 = Ohers 32,461,247 4,242,666 Office maintenance 6,585 297,607 Advertiernent ard cates Bxperices 2,379,407 7840 Travelling and conveyance 10,548,539 6024 426 ‘Carmusication costs 254,738 188,827 Printing ad stationery 381,273 301,641 Legal and professional fees 12,361,732 13,460,152 Directors remuneration 73,600,000 41,615,000 Payment to avcitar (ater dotait bala) 300,000, 00,000 “Technical & testing charges 308,713 10 General eperses s951,978. 2,572,196 CSR Experses 2,445,730 3,348,700 Pooja Experces 604,095 352,782 Debi balances written aff 7,216,598 208.4 Security charges 4.114022 e707. Freight outward 47,885,366 asracu cash viscount. 13,574,410 1,893,862 Marketing Expenses 25,258,00 12,672,357 J Otrer expenses (Tie-up} 31,075,623 65,980,127 Business Surplus (He-up) 350,208,319 470,573,019 ToraL DELCO 7.234,087,614 fa aero] Pardaiens Aa at mca Ke at 31 os ne | Payrbent to auditor ‘Satutory aut fee 300,000 60.200 Tara == 700,600) 600,000 Note 72. Moprectation cae Rae aaa, Depreciation on tansibe nets 6,108 6,216,952 TOTAL aoe W.216,952 Hote 23. Finance Casts Ta Perey Sale Trterast av borrowings TOs Cor Interest an oxhers 2,403,867 237,507 Bank earns 4,490,938, 5,958,046 TOTAL, 9,494,475Notes to Financial Statements SIGNIFICANT ACCOUNTING POLICIES: 1. CORPORATE INFORMATION SENTINI BIOPRODUCTS PRIVATE LIMITED is incorporated on 22-02-2005 under the provisions of Indian Companies Act 1956. The Private Limited Company is engaged in the business of manufacturing and sale of Extra Neutral Aleahol. Denatured / Impure sprit, Carbon dioxide (Coz), Dry iee, Wet/Dry Distillers Grain with soluble and Syrup. Bottling and sale of IMFL products. 2. SIGNIFICANT ACCOUNTING POLICIES ‘A, Basis of preparation of Financial Statements, ‘The accompanying financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP) under the historical cost convention, on the basis of'a going concem basis, while revenue, expenses, assets and Liabilities secounted/recognized on acerual basis. GAAP comprises mandatory accounting as preseribed under Section 133 of the Companies Act, 2013 (‘the Act’) read with Rule 7 of the Conspanics (Accounts) Rules, 2014, the provisions of the Act (to the extent notified) Accounting policies are consistently applied except where a newly issued accounting standard is initially adopied or a revision to an existing secounting standard requires a change in the accounting policy hitherto in use Management evaluates all recently issued or revised accounting standards on an ongoing basis, B, Use of Estimates ‘The preparation of financial statements are in conformity with generally accepted accounting principles and requires management to make estimates and assumptions that affect the required amounts of assets and Liabilities and diselosure of contingent linbilities at the date of the financial statements and the results of operations during, the reporting period. Although these estimates are based pon management's best knowledge of current events and actions, actual results vould differ from these estimates, C. Revenue Reeognition Revenue is reeognized to the extent that it is probable that the economic benefits will flow to the Company and revenue can be reliably measured, D. Fixed Assets Fixed Assets are siated al cost less accumulated depreciation. Cost comprises the purchase price, freight, duties, taxes (net of tax input availed) and any atribatable cost of bringing the asset to its working condition for its intended use,E, Depreciation Depreciation on fixed assets has been provided on straight-line method based on useful life of asset specified in Schedule II of the Companies Act, 2013 on pro-rata basis. F.lncome Tax a. Current tax : Current income tax is measured at the amount expected to he paid to the tax authorities in accordance with the Indian Income Tax Act, 1961, b. Deferred tax : Deferred income taxes are recognized, subject to the consideration of prudence on liming differences, being the difference between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent periods. Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the balance sheet date, Deferred tax assets are revognized only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized. Where the Company has carry forward of unabsorbed depreciation or tax losses deferred tax essets ate recognized only if it is virtually certain backed by convincing evidence that such deferred tax assets ‘can be realized against future taxable profits, G, Earnings per share Basie earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number af cquity shares outstanding during the period. |H. Provisions A Provision is recognized when the Company has a present obligation as a result of past event ie it is probable that an outflow of resources will be required to settle the obligation in respect of which a reliable estimate can be made. Provisions are not discounted to its present vale and are determined based on best estimate required to settle the obligation at the balance sheet date, ‘These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. L. Cash Flow Statement: Cash Flow Statement has been prepared under indirect method as per the Aecounting Standard-3 “Cash Flow Statement”, 4. Cash-and cash equivalents Cash and cash equivalents comprise cash and deposit with banks and corporations. ‘The Company considers all highly liquid investments with a remaining maturity at the date of purchase of twelve months or less and thal are readily convertible w known amounts of sash to be cash equivalents. fees Aglities and Commitments (to the extent net provided for) es-are indicated by way of' a note and twill be pravided if paid on K. Contingent Lis Contingent liabil crystallization, in Lacs ‘As at Mareh 31, Particulars ane san | Guarantees obtained from Bank | 228.50 198.50 Letters of Credii opened by Bank : Claims against the Company ot 64.0 64.00 acknowledged as debts Claims against the company not acknowledged as debts include demand from the Income Tax Authorities for payment of tox of €.43.00 Lacs, including imerest of %.21.00 Lacs upon completion of their tax assessment for fiscal 2006. Further, the company has filed att appeal which is pending before ITAT, Hyderabad. L. Valuation of inventories a. Raw materials, stores and spares are valued at cost determined on weighted average basis b. Finished products and work in process are valued at cost or market value whichever is lower, ¢. By-products are valued at net realizable value. M. Employee benefits a. Gratuity is accounted in the books based on actuarial valuation, b. Expenditure on eared leave encashment is accounted for as and when actually incurred. 3, Disclosures A. During the year under review the compatty has manufactured Indian Made Foreign Liquor (IMFL) Brands of Mis Allied Blenders and Distillers Pvi Lid (ABD) under tie-up arrangement, Accordingly, all the transactions ‘elated to the tie-up arrangements are recerded in the books of the Company, ‘Asa result of this the Sintement of Profit ‘and Loss of the current year ineludes total revenue of R5.86,93,80,421/- and total expenses of Rs.86,93,80,421/- (including ENA of R5.21,88,00,000-) used for the tie-up activity, Similarly Balance Sheet of the current year includes Current assets as well as the Current Liabilities of Rs.4,84,62,829/- pertaining to the tie-up arrangement. Bottling income for Tie-up arrangement of Rs.5,42,26,820/- was accounted in the books of the company. B. Estimated amounts of contracts remaining to be executed on capital account and not provided are®. Nil (Previous Year &. Nil). C. Balance of Sundry debtors, Creditors & Loans and advances are subject 0 confirmation.D. Taxes on Income In accordance with the Accounting Standard 22 “Accounting for Taxes on Income”, the effect of deferred tax Asset and Liability on timing differences has been recognized in the accounts, The Component of pravision for deferred tax for the year given below: in Lakhs S.No. Particulars Current Year | Previous Year | a | W.D.V.of Fixed Assets as per IT Act 321,73 8419.51 |_b. | W.D-V.oF Fixed Assets as per Book, 15656.42 16508.90 | «. | Difference between W.D.V of fixed assets (7444.69) | (7889.39) as per book and IT Act. _ - d,__| Carty forward of losses as per IT Act _ 7427.88 [ 10097.25 e. | Amount considered for deferred tax asset (16.81) 2207.86 (C+D) £_ | DTA G3) TSI During the Year, Company has opted for payment of Income Tax Us 115BAA of the Income Tax Act, 1961 introduced by the Taxation Laws (Amendment) Ordinance 2019. dn view of the same, MAT Credit is lapsed to the extent of Rs. 4.27 Crores during the year, The recomputed deferred tax liability amounts to Rs. 4.31 Lakhs as.on 31-13-2020. E, Related Party Transaction Related party particulars pursuant to “Accounting Standard — 18" a. List of related parties I. Related Personnel i, Smt. K Jaya . Sri T Seshagiri Rao Smit. M Padma b. ‘Transactions with Related Parties: & In Lakhs ‘Particulars Associates Current | Previous Year| Year Office Rent ‘Smt. K Jaya 830 7.78 Remuneration | Smt. M Padma 3 425 ‘Smt. K Jaya 324.00 | 316.00 ST. Seshagii Rao 360.00 | 150.00 F. In the opinion of management, the current assets, loans and advances have been realizable value at least equal to the amount at which they are stated and is realizable in the ordinary course of business. G, The company is in process of obtaining information from its suppliers regarding their status under Mucro, stall and medium enterprises development Act, 2006 Hence disclosures, if any relating to amounts unpaid as at the date of balance sheet together with interest paid/payable as required under the said Act have not been given, 1H. The Company is dealing in manufacturing and sale of Extra Neutral Afcaho! and its by-products, Bottling and sale of IMEL, Hence, the reporting as per Accounting, Sanda 17s not required. 21 Barnings per Share: ‘Rarnings per Share has been computed its under: (Amount in) Particulars 3103/2020 | 31/03/20 a. Profit after Taxation 16, 16,91.853 (2.09.26 864) | “b. Number of Equity shaves outstandin, | 2,33,36.672 | 233,360,672 c, Eamings per share 6.93 (1.02) (Face value @. 10/- per share) (a/b) (Basic and dituted) As per ow reports of even date For Amamadhé & Associates, For and on behelf of the Board of Directors Chartered Accountants of Sentini Bioproducts Private Limited FR No:0191 198 ~) 1 Fy, co sea) = ae dit K. Jaya ee Managing Director fembership No, 021893, DIN 200103118 DIN 0103149 Place : Hyderabad Date : 09 December 2020.