~ vczczrh~alth care ltd. -w-...8. brief in w prov 9. mem on th be av satur 10. the r 2019 meet 11....

Date: 27th August, 2019

To, BSE Limited, Department of Corporate Services P. J. Towers, Dalal Street, Fort, Mumbai- 400001. Scrip Code: 511523

\ "'~ Vczczrh~alth Care Ltd. "-w- (Formerly known as

NIYATI INDUSTRIES LTD.) CIN: L65910MH1992PLC067632

Sub.: Notice of 27th Annual General Meeting (AGM) and Annual Report 2018-19

Dear Sir,

Pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the Notice of the 27th AGM along with Annual Report for the financial year 2018-19. The same will be made available on the website of the Company, at www.veerhealthcare.net.

This is for your information and records.

Thanking You.

Yours faithfully, For Veerhealth Care Limited

Bhavin S. Shah Managing Director DIN: 03129574

Encl.: As above

Reg. Off.: 629-A Gazdar House, I st Floor, Near Kalbadevi Post Office, J.S.S. Marg, Mumbai - 400 002. Tel. No.: (022) 22018582 Fax No.: (022) 22072644 E-mail: [email protected] Website: www.veerhealthcare.net

Works : Survey No. 509/F, Opp. Shankheshwar Industrial Estate, Taipur Road, Sarkhej Bavada Highway, Changodar, Ahmedabad - 382 213

27th ANNUAL REPORT

2018-2019

For further details please log in to www.veerhealthcare.net or E-mail us at [email protected]

M

V

NMr. YogMr. BhMs. Sh

Mr. ArvDr. DharnMr. Mite

N

M/s. M. H. DChartered

6622

VEERH

NAME gesh M. Sha

havin S. Shahruti Y. Shahvind M. Shanendra B. Sesh J. Kuvad

NAME

Dalal & Assd Accounta

2299--AA,, GGaazzddaarr

EALTH

BOARD O

ah ah h ah

Shah dia

AU

sociates ants.

REGIST

rr HHoouussee,, 11sstt FFJJ..SS..SS.. MMaarrgg,,

Page 1

H CAR

OF DIRECT

Ch

UDITORS

301Sa

ERED OF

FFlloooorr,, NNeeaarr K,, MMuummbbaaii ––

RE LIM

TORS

DEShairman & N

ManaExec

IndepeIndepeIndepe

S

1/308, Balaantacruz W

FFICE

KKaallbbaaddeevvii PP 440000000022..

MITED

SIGNATIONon-Executaging Direc

cutive Direcendent Direndent Direndent Dir

OFFICE

aji Darshan,West, Mumb

PPoosstt OOffffiiccee,,

ON tive Directoctor ctor ector ector ector

, Tilak Roadbai - 400054

or

d, .

Regd. OfTel: (022)

NOTICE Notice is Limited wMahakali Ordinary Item no. 1

To considMarch 31, Item no. 2

To appoineligible, o Special B Item No. To considOrdinary “RESOLVapplicableArticles oconsents aapprovedMr. Bhaviretire by rremuneraStatementRemunera RESOLVEthe currenother allospecified Central G RESOLVEsteps andresolution

ffice: 629-A, G) 22018582 Fax

OF ANNUAhereby given

will be held o Caves Road,

Business:

1 – Adoption

der and adop, 2019 and the

2 – Appointm

nt a Director ioffers himself

usiness:

3 – Re-Appoi

der and if tho Resolution:

VED THAT pe provisions,

of Associationand permissi

d and acceptabin Shah (DINrotation, for aation for the t annexed tation Commit

ED FURTHEncy of tenurewances as setin Schedule V

Government, if

ED FURTHEd do all othern.”

VE

Gazdar Housex: (022) 22072

L GENERALn that the 27ton Monday, S Andheri (E),

of financial

pt the auditede reports of th

ment of Direct

in place of M for re-appoin

intment of M

ought fit, to p

pursuant to p if any, of then of the Compion as may bble, approval: 03129574) as

a period of fivaforesaid per

to the noticettee.

ER THAT in te of the appot out in ExplaV of the Comf so required,

ER THAT anyr acts, deeds

EERHEALTCIN: L65910

e, 1st Floor, Ne2644 Email: in

L MEETING th Annual GeSeptember 30 Mumbai – 40

statements

d financial sthe Board of D

tor liable to r

Mr. Yogesh M.ntment.

Mr. Bhavin Sh

pass, with or

rovisions of Se Companies pany, subject

be necessary, l of the Comps Managing Dve years fromriod on the te convening

the event of lintment, the

anatory Statemmpanies Act, 2

, in accordanc

y Director ofs and things

Page 2

TH CARE L0MH1992PLCear Kalbadevinfo@veerhealt

eneral Meetin0, 2019 at 11.300093 to trans

tatements of irectors (‘the

retire by rotat

Shah (DIN: 0

hah as Manag

r without mo

Sections 196, Act 2013, as

t to approval and subject t

pany be and iDirector of the

m 1st October, 2terms and co

g this meetin

loss or inadeqManaging D

ment, as the m2013 from timce with the pr

f the Companas may be n

LIMITED C067632 i Post Office, thcare.net We

ng of the mem30 A.M. at 6,sact the follow

the Compan Board’) and t

tion

00169189), wh

ging Director

odification(s)

197 and 203 ramended fro of the Centrto such modiis hereby acce Company, w2019 to 30th Sonditions whng, as appr

quacy of profDirector shall

minimum remme to time androvisions of th

ny be and is hnecessary or

J.S.S. Marg, Mebsite: www.v

mbers of M/ New Nandu

wing business

ny for the finthe Auditors

ho retires by

r of the Comp

the followin

read with Schom time to timral Governmeifications, varorded for the

whose office weptember, 20

hich are set oroved by th

fits in any finbe paid salar

muneration, sd subject to the Companie

hereby authodesirable to

Mumbai – 400veerhealthcar

s. Veerhealthu Industrial Eses:

nancial year e thereon.

rotation and

pany

ng resolution

hedule V and me thereto anent and such riations as me reappointmwill not be lia24 and paym

out in Explanhe Nominatio

nancial year dry, perquisitesubject to ceilithe approval es Act, 2013.

orized to takegive effect t

0 002. re.net

h Care Estate,

ended

being

as an

other nd the other

may be ment of

able to ment of

natory on &

during es and ing as of the

e such o this

Item No.

To considOrdinary “RESOLVapplicableArticles oconsents aapprovedMs. ShrutdeterminaSeptembewhich arethe Nomin RESOLVEthe currenother allospecified Central G RESOLVEsteps andresolution Notes:

1. A StSpeci

2. A MENTIHIMpersothan shareperso

3. Corprequerepre

4. The ithe C

5. Memwith

6. In caname

4 – Re-appoin

der and if tho Resolution:

VED THAT pe provisions,

of Associationand permissi

d and acceptabti Shah (DIN:ation by retier, 2024 and e set out in Exnation & Rem

ED FURTHEncy of tenure wances as setin Schedule V

Government, if

ED FURTHEd do all othern.”

atement pursial Business t

MEMBER ENTITLED TO ASELF / HERon can act as 10% of the toe capital of thon shall not a

porate membeested to sendesentative to a

instrument apCompany not

mbers / proxi their copy of

ase of joint hoes will be enti

ntment of Ms

ought fit, to p

pursuant to p if any, of then of the Compion as may bble, approval 06952245) as

irement by rpayment of

xplanatory Stamuneration Co

ER THAT in t of the appoint out in ExplaV of the Comf so required,

ER THAT anyr acts, deeds

suant to Secto be transacte

TITLED TO AAPPOINT A PRSELF, AND

a proxy on beotal share cap

he Company cct as a proxy

ers intendingd to the Comattend and vo

ppointing the less than 48 h

ies/ authorizef Annual Repo

olders attendiitled to vote.

s. Shruti Y. S

pass, with or

rovisions of Se Companies pany, subject

be necessary, l of the Comps Whole Timerotation, for remunerationatement anneommittee.

the event of lntment, the Wanatory Statem

mpanies Act, 2, in accordanc

y Director ofs and things

tion 102(1) oed at the Ann

ATTEND ANPROXY TO ATHE PROXY

ehalf of mempital of the Ccarrying votin for any other

g to send thempany a certif

ote on their be

e proxy, dulyhours before t

ed representaort to the Mee

ing the Meeti

Page 3

Shah as Execu

r without mo

Sections 196, Act 2013, as

t to approval and subject t

pany be and ie Director of a period of

n for the afoexed to the no

loss or inadeqWhole Time Dment, as the m2013 from timce with the pr

f the Companas may be n

of the Companual General M

ND VOTE ATATTEND ANY NEED NOT

mbers not exceCompany. A mng rights mayr person or sh

eir authorizedfied true copyehalf at the M

y completed, mthe commenc

atives are reqeting.

ing, only suc

utive Director

odification(s)

197 and 203 ramended fro of the Centrto such modiis hereby acc the Company five years f

oresaid periodotice convenin

quacy of profDirector shall minimum rem

me to time androvisions of th

ny be and is hnecessary or

anies Act, 20Meeting is an

T THE ANNND VOTE IN

T BE A MEMeeding 50 andmember holdy appoint a s

hareholder.

d representaty of the Boar

Meeting.

must be depocement of the

quested to br

ch joint holde

r of the Comp

the followin

read with Schom time to timral Governmeifications, varorded for they, whose offifrom 1st Octod on the termng this meetin

fits in any fin be paid salar

muneration, sd subject to the Companie

hereby authodesirable to

013 (“the Actnnexed hereto

NUAL GENER THE MEETIMBER OF THd holding in ading more thasingle person

tives to attenrd Resolution

osited at the r meeting.

ring their atte

er who is high

pany

ng resolution

hedule V and me thereto anent and such riations as me reappointmice will be liaober, 2019 toms and condng, as approv

nancial year dry, perquisite

subject to ceilithe approval es Act, 2013.

orized to takegive effect t

t”), relating to.

RAL MEETINING INSTEAHE COMPANaggregate not an 10% of the as proxy and

nd the Meetinn authorizing

registered off

endance slip

her in the ord

as an

other nd the other

may be ment of able to o 30th

ditions ved by

during es and ing as of the

e such o this

to the

NG IS AD OF NY. A more e total d such

ng are g their

fice of

along

der of

7. The rat evthe Mof ap29, 20

8. Briefin wprov

9. Mem

on thbe avSatur

10. The R2019 Meet

11. Memtheir their in thCom

12. The N

thoseMeme-ma

13. The AccoelectrwhomrequiPvt. Kastu

14. Memthe C Instr

I. InC(M(Lprvofo

requirement tvery Annual GMinistry of Coppointment of017.

f profile of Diwhich they ho

ided in the C

mbers may nothe Company’svailable at thrdays, Sunday

Register of M to Monday, ting of the Co

mbers holding address or b demat accou

heir address mpany, Purva S

Notice of thee Members w

mber has requail addresses,

Securities anount Numberronic form arm they are mired to submiLtd, Unit: Veurba Hospital

mbers are requCompany to s

ructions for e

n complianceCompanies (MManagement Listing Obligarovide a facioting service or voting thro

to place the mGeneral Meetorporate Affaf Auditors, w

irectors, naturold directorshorporate Gov

te that the Nos website, wwhe Companyys and Public

Members and SSeptember 30

ompany.

g shares in elbank mandatunts. Member

or bank maSharegistry (I

e AGM alongwhose e-mail auested for a ph

physical copi

nd Exchange r (PAN) by ere, therefore, maintaining tit their PAN deerhealth Carl Lane, Lower

uested to updend commun

-voting

e with provisManagement

and Adminiations and Diility to the m facility arran

ough ballot p

matter relatingting is done aairs, New Delh

who were appo

re of their exphips and me

vernance Repo

otice of the 27ww.veerhealthy’s registeredc Holidays) du

Share Transfe0, 2019 (both

lectronic formtes to their Drs holding shaandates immIndia) Pvt. Lt

g with the Anaddresses arehysical copy ies are being s

Board of Indevery partici requested totheir demit adetails to the e Limited, Unr Parel (E), M

date their e-mnications elect

sions of Sectand Admini

istration) Amisclosure Req

members to enged by Natiaper will also

Page 4

g to appointmaway with vihi. Accordingointed in the

pertise in speemberships /ort forming p

7th AGM and hcare.net. Th office for inuring busines

er Books will days inclusiv

m are requestDepository Pa

ares in physicmediately to t

d.

nnual Report registered wof the same. sent by the pe

dia (SEBI) haipant in secu submit their

accounts. Mem Registrar andnit No. 9, Shi

Mumbai – 4000

mail address wtronically.

tion 108 of istration) Ru

mendment Ruuirements) R

exercise their ional Securitio be made av

ment of Auditde notificatio

gly, no resoluAnnual Gene

ecific function/ chairmanshpart of the An

the Annual Rhe physical conspection onss hours up to

remain closeve) for the pu

ted to intimaarticipants wical form are rthe Registrar

2018-19 is bewith the Comp For Membersermitted mod

as mandatedurities marker PAN to thembers holdind Transfer Agiv Shakti Ind011.

with their De

the Companules, 2014 as ules, 2015 an

Regulations, 2 votes electroies Depositorvailable at the

tors for ratificon dated Mayution is propoeral Meeting h

nal areas, numhips of Boardnnual Report.

Report 2018-1opies of the don all workingo the date of t

ed from Tuesdurpose of 27t

ate immediatith whom therequested to r and Transf

eing sent by epany / Deposs who have n

de.

the submisset. Members ir Depository

ng shares in gents, Purva

d. Estt, J. R. B

epository Par

nies Act, 201 amended bnd Regulatio015, the Comonically throry Limited (Ne AGM and m

cation by memy 7, 2018 issuosed for ratificheld on Septe

mber of compd Committee

19 will be avaocuments wil

g days (i.e. ethe Meeting.

day, Septembth Annual Ge

tely any chaney are maintaadvise any chfer Agents o

electronic mositories, unlesnot registered

sion of Permholding shar

y Participantsphysical formSharegistry (Ioricha Marg,

rticipants to e

3, Rule 20 oby the Compon 44 of the

mpany is pleasugh the elec

NSDL). The famembers atten

mbers ued by cation ember

panies es, are

ailable ll also except

ber 24, eneral

nge in aining hange of the

ode to ss any d their

manent res in s with m are India) Opp.

enable

of the panies SEBI sed to tronic acility nding

ththth

II. Th

A

B.

III. In

mto

IV. Locoav

V. If pa

he AGM, whohe AGM throhe AGM may

he process an

A. In case a Mwith the Coi) Open em

Client IDfor e-vot

ii) Launch iii) Click oniv) Enter thv) Passwor

with mistronglycare to k

vi) Home pvii) Select ‘Eviii) Now yoix) Cast you

when prx) Upon coxi) Once yoxii) Institutio

scannedtogetherauthorizmarked

In case a Mare not regi

i) Initial pa EVEN (E

ii) Please fo

n case of any manual for Meoll free no.: 18

ogin to the eorrect passwovailable on th

you are alreaassword for c

o have not casugh ballot pa attend the AG

nd manner for

Member receivompany/Depmail and opeD or Folio Noting. Please ninternet brow

n Shareholder e user ID andrd change meinimum 8 di

y recommendekeep your pasage of e-votin

EVEN’ (E-votiu are ready four vote by selrompted. onfirmation, tou have votedonal member

d copy (PDF/r with attestedzed to vote, to to evoting@n

Member receivistered with th

assword is pr

E-voting Even

ollow all step

queries, you embers availa

800-222-990.

e-voting webord. In such a

he site to reset

ady registeredcasting your v

st their votes aper. MemberGM but shall

r remote e-vo

ves an email fository Partic

en PDF file to. as passwordote that the p

wser by typing – Login.

d password (thenu appears. Cigits/characteed not to sharssword confidng will open. ing Event Nuor e-voting aslecting appro

he message ‘Vd on the resolurs (i.e. other

/JPG Format)d specimen sio the Scrutini

nsdl.co.in.

es physical cohe Company/

rovided as bel

nt Number)

s from (ii) to

may refer thable in the ‘D

site will be dan event, yout the passwor

d with NSDLvote.

Page 5

by remote e-rs who have not be entitle

oting are as un

from NSDL [fcipants(s)] : titled ‘Veerhed. The said P

password is ang the followin

he initial passChange the pers or combire your passw

dential. Click on e-vomber) of Veers the ‘Cast Voopriate option

Vote cast succution, you wilthan individ of the relev

ignature of thizer through

opy of the No/Depository P

low at the bot

USER ID

(xii) above, to

he Frequently Downloads’ s

disabled upou will need td.

L for e-voting,

-voting shall b cast their voed to cast thei

nder:

for members

ealth Care LiPDF file contan initial passwng URL: https

sword noted password withination thereword with an

oting: Active Vrhealth Care

ote’ page openn and click on

cessfully’ willll not be allow

duals, HUF, Nvant Board Rehe duly autho

e-mail to cs@

otice of AGMParticipants(s

ttom of the A

D PASSW

o cast your vo

Asked Quessection of ww

on five unsucto go through

, then you can

be able to exeotes by remotir votes again

whose email

imited e-votiains your userword. s://www.evo

in step (i) aboh new passw

eof. Note newny other perso

Voting CyclesLimited.

ns. n “Submit” an

l be displayedwed to modifNRI etc.) areesolution/ Arized signato

@veerhealthca

M [for members) or requestin

Attendance Sli

WORD

ote.

stions (FAQs)ww.evoting.n

ccessful attemh the ‘Forgot

n use your ex

ercise their rite e-voting prn.

l IDs are regis

ing.pdf’ withr ID and pass

oting.nsdl.com

ove). Click Loword of your c

w password.on and take u

s.

nd also “Con

d. fy your vote. e required to

Authority letteory(ies) who isare.net with a

rs whose emang physical c

ip for the AG

) and e-votingnsdl.com or c

mpts to key it Password’ o

xisting user ID

ght at rior to

stered

h your sword

m.

ogin. choice . It is

utmost

nfirm”

o send er etc. s/ are

a copy

ail IDs opy] :

M:

g user all on

in the option

D and

VI. Yw

VII. Th20foelvo

VIII. Adipa

IX. Mth

X. ThwCth

PlaceDate:

ou can also uwhich may be

he e-voting p019 (5:00 p.morm or in demlectronically. ote on a resol

Any person, wispatch of theassword by se

Mrs. Khushbohe meeting an

he result declwww.veerhealCompany shalhe Company a

: Mumbai 13th August,

update your used for send

period commm.). During thimaterialized f

The e-votingution is cast b

who acquires se Notice andending a requ

o Shah, M.Cond e-voting pr

lared along wlthcare.net anll simultaneouare listed.

, 2019

mobile numbding future co

mences on Sepis period memform, as on thg module shaby a member,

shares of the d holding shauest at evotin

om, has beenrocess in a fai

with the Scrutind on the weusly forward

Page 6

ber and e-maommunication

ptember 27, 2mbers of the he cut-off datall be disable, he or she sha

Company anares as of [email protected].

n appointed air and transpa

inizer’s Repobsite of NSD the results to

ail id in the un(s).

2019 (9:00 a.mCompany, ho

te of Septembed by NSDL all not be allo

nd becomes ae cut-off date.

as the Scrutinarent manner

ort shall be plaDL www.evoto all the stock

By O

user profile d

m.) and endsolding shares

ber 23, 2019, mfor voting th

owed to chang

a Member of te, may obtain

nizer to scrutr.

aced on the Cting.nsdl.com

k exchanges, w

Order of the BFor Veerhe

M

details of the

on Septembs either in phmay cast theirhereafter. Oncge it subseque

the Companyn the login ID

inize the voti

Company’s wm immediatelywhere the sha

Board of Direealth Care Lim

Bhavin S. Managing Dir

e folio

ber 29, hysical r vote ce the ently.

y after D and

ing at

website y. The ares of

ectors mited

Sd/-

Shah rector

Explanato The followaccompan Item No. The termSeptembeMr. Bhavi2013. Thesubject toeffect from The paymCommitteThereforepayment inclusive per the ru The Board None of thBhavin Shat Item No

ory Statemen

wing Statemenying Notice.

3 - To re-app

m of office of er 30, 2019. Thin Shah as th

e Board of Dio the approvam 1st October,

ment of remee and subsee the Board p

of remuneraof all type of

ules of the Com

d recommend

he Directors ahah and their o 3.

nt pursuant to

ent sets out

oint Mr. Bha

Mr. Bhavinhe present prohe Managing irectors of th

al of the Shar, 2019.

muneration hquently by thproposes to stion for a maf perquisites. mpany.

ds the Resolut

and Key Man relatives, is i

o Section 102(

all material

avin Shah as M

Shah as Maoposal is to seDirector in te

he Company reholders, rea

has already he Board of seek approvaaximum of R Contribution

tion as mentio

nagerial Persoin any way co

Page 7

(1) of the Com

facts relating

Managing Di

anaging Direeek the Shareerms of the a(the ‘Board’)

appointed Mr

been approvDirectors in

al of the ShaRs. 10,40,000/n to Providen

oned in the N

onnel (KMP) ooncerned or in

mpanies Act,

g to the Spec

irector of the

ector of the Ceholders’ appapplicable pro), at its meetir. Bhavin Sha

ved by the its Board M

areholders of/- per annumnt fund and p

Notice for you

of the Companterested, in

2013

cial Business

e Company

Company is proval for the ovisions of thing held on ah for a perio

Nomination eeting held o

f the Companm to Mr. Bhavpayment of g

ur approval.

any or their re the proposed

mentioned i

due to expi re-appointmhe CompanieMay 28, 2019od of 5 years

& Remuneron 28th May, ny, approvinvin Shah wh

gratuity shall

elatives, excepd resolution s

in the

ire on ment of es Act, 9 has, s with

ration 2019.

ng the hich is be as

pt Mr. et out

Item No. The term 30, 2019. TShah as EDirectors the Shareh The paymCommitteThereforepayment inclusive rules of th The Board None of thShruti Shain the pro

Place: MuDate: 13th

4 - To re-app

of office of MThe present pxecutive Dire of the Compaholders, reapp

ment of remee and subsee the Board p

of remuneraof all type of

he Company.

d recommend

he Directors aah, Mr. Yoges

oposed resolu

umbai h August, 201

oint Ms. Shru

Ms. Shruti Shaproposal is toector in termsany (the ‘Boarpointed Ms. S

muneration hquently by thproposes to sation for a m perquisites a

ds the Resolut

and Key Mansh Shah, Mr. tion set out at

19

uti Shah as E

h as Executiv seek the Sha

s of the applicrd’), at its meShruti Shah fo

has already he Board of seek approva

maximum of Rand contributi

tion as mentio

nagerial PersoAkash Shah at Item No 4.

Page 8

Executive Dir

ve Director of areholders’ apcable provisioeeting held onor a period of

been approvDirectors in

al of the ShaRs. 5,20,000/ion to Provid

oned in the N

onnel (KMP) oand their rela

rector of the C

the Companypproval for thons of the Comn May 28, 201f 5 years with

ved by the its Board M

areholders of/- per annumdent fund and

Notice for you

of the Compaatives, is in an

By O

Company

ny is due to exhe re-appointmmpanies Act, 9 has, subject

h effect from 1

Nomination eeting held o

f the Companm to Ms. Shrd payment of

ur approval.

any or their reny way conce


M

xpire on Septement of Ms. S 2013. The Boat to the appro1st October, 20

& Remuneron 28th May, ny, approvin

ruti Shah wh gratuity as p

elatives, exceperned or inter


Bhavin S. Managing Dir

ember Shruti ard of

oval of 019.

ration 2019.

ng the hich is per the

pt Ms. ested,

ectors mited

Sd/-

Shah rector

ADDITIOAPPOINTAND DIS 1) BRIE

Name of

Particular

Age

Date of fiBoard Qualificat

Disclosurdirectors

Listed CoVeerhealtDirectors

Chairpers

Member o

ShareholdMarch 31

ONAL INFOTMENT AS SCLOSURE R

F PROFILE O

the Director

rs

rst appointmen

tion and Exper

re of relationsh inter-se

ompanies (otheth Care) in whihip held

son of Board co

of Board comm

ding in the Com, 2019

ORMATION REQUIRED

REQUIREME

OF MR. YOG

nt on the

rience

ips between

er than ich

ommittees

mittees

mpany as on

ON DIRECTUNDER REG

ENTS) REGU

GESH M. SHA

Mr. Yogesh M

Re-appointme

61 Years

15/06/2011

Mr. Yogesh University oAccountancymake Veerhmedicines. Mr. Yogesh Mnone of the d

Nil

Nil

Nil

935035 Equit

Page 9

TORS RECOGULATION

ULATIONS, 2

AH

M. Shah

ent

M. Shah hof Mumbai. y and Taxatiohealth Care

M. Shah is thdirectors are r

ty Shares

OMMENDED 36(3) OF SE2015

holds Bachel He has vaon. He has shLimited a l

he father of Mrelated to each

D FOR APPOEBI (LISTING

lor of Commast experienchown the waleading prov

Ms. Shruti Y. Sh other.

OINTMENT G OBLIGATI

merce degreece in the fiay from the fvider of Ayu

Shah. Other th

/ RE-IONS

e from ield of front to urvedic

han this,

2) BRIE

Name of

Particular

Age


Disclosurdirectors


Chairpers

Member o

ShareholdMarch 31

3) BRIE

Name of

Particular

Age


Disclosurdirectors


Chairpers

Member o

ShareholdMarch 31

F PROFILE O

the Director

rs

rst appointmen

tion and Exper



son of Board co

of Board comm


F PROFILE O

the Director

rs

rst appointmen

tion and Exper



son of Board co

of Board comm


OF MR. BHA

nt on the

rience

ips between

er than ich

ommittees

mittees

mpany as on

OF MS. SHRU

nt on the

rience

ips between

er than ich

ommittees

mittees

mpany as on

AVIN S. SHAH

Mr. Bhavin S

Re-appointme

38 Years

22/05/2013

Mr. Bhavin SUniversity. Hin the field ovast experienNot related t

Nil

Nil

Nil

50000 Equity

UTI Y. SHAH

Ms. Shruti Y. S

Re-appointme

27 Years

12/09/2014

Ms. Shruti Y. also pursuing

Ms. Shruti Y.

none of the d

Nil

Nil

Nil

270700 Equity

Page 10

H

S. Shah

ent

S. Shah holdsHe carries anof production nce in the fieldto any Directo

y Shares

H

Shah

ent

Shah holds de LLB. She is loo

Shah is the d

directors are r

Shares

s Master of Cn enormous e and procuremd of Operatioor.

egree of Bacheoking after the

daughter of Mr

related to each

Commerce deexperience of ment manage

ons.

elor in Financi company com

r. Yogesh M. S

h other.

egree from M more than 1ement. He als

ial Markets anmpliances.

Shah. Other th

Mumbai 2 years

so has a

d she is

han this,

Route Ma Venue : 6

ap to the AGM

, New Nandu

M Venue

u Industrial E

Estate, Mahak

Page 11

ali Caves Roaad, Andheri (EE), Mumbai –– 400093.

To The Mem The BoardFinancial FINANCIA

Income:

Revenue

Other Inc

Total Rev

Expenses

Cost of G

Employee

Other exp

Total (II)

Earning/(amortizat

Depreciat

Finance c

Profit for

Current t

Deferred

Profit aft

Net Wort

DIVIDENIn view oshares for TRANSFEThe closinappropria

bers,

d hereby preYear ended M

AL SUMMARY

from operation

come

venue (I)

s:

Goods Sold

e benefit expen

penses

(loss) before intion (EBITDA)

tion and amort

cost

r the year

ax

tax

ter tax

th

ND of inadequater the year end

ER TO RESEng balance oation and adju

sents the 27th

March 31, 201

Y

Particulars

ns

nse

nterest, tax, dep) (I) - (II)

tization expens

e profit durinded on 31st Ma

ERVES of the retaineustments was

DIREC

h Annual Rep9.

preciation and

se

ng the year, tharch, 2019.

ed earnings os Rs. 15.83 Lak

Page 12

TORS REPO

port along w

d

he directors d

of the Compkhs.

ORT

ith Audited S

A

2018-19

598.44

29.18

627.62

379.43

46.69

128.19

554.31

73.31

32.00

3.45

37.86

7.00

15.03

15.83

1328.38

do not recom

pany for Fina

Statements o

Amount In Lakh

mmend any d

ancial year 2

f Accounts fo

hs

2017-18

516.93

72.02

588.95

367.80

57.16

104.36

529.32

59.63

27.48

7.08

25.07

5.20

6.16

13.71

1310.21

dividend on e

2018-2019, aft

or the

equity

ter all

OPERATThe Commarketingto generat CORPOR

As per SEmanagem PERFORMThe turnothe previocurrent ye Net Profiprevious ythe previo FUTURE The Compalso incremarket tre INTERNAThe ComDuring thoperation DIRECTODuring thCompanythey meeAgreemen Pursuant out an anas the evahas been Report. The follow 1) Policy f2) Remun SUBSIDINo compa2018-19.

IONS mpany has a t

g in Maharashte leads. The C

RATE GOVER

EBI Listing Rment discussio

MANCE over of the Coous year. Youear.

it before tax year. Net Proous year.

PROSPECTSpany has stareased its focuends.

AL FINANCIpany has in he year, such

n was observe

ORS AND KEhe year undey has receivedt the criteria nt.

to the provisnnual performaluation of its explained in

wing policies

for selection oneration Policy

IARIES, JOINany has becom

team of expehtra & GujaraCompany is m

RNANCE

Regulations, on and analys

ompany for thur Directors a

for the year ofit after tax a

S rted manufacus on third p

IAL CONTROplace adequah controls wd.

EY MANAGEer review, thd declarations of independ

sions of the Cmance evaluats compliance n detail in th

of the Compa

of Directors any for Director

NT VENTUREme or ceased

erienced Marat. The Compmanufacturin

corporate gois are attache

he year underre hopeful to

under reviewand other pro

cturing of tooparty manufa

OLS ate internal f

were tested a

ERIAL PERShere has beens from all the

dence as pres

Companies Action of its owcommittees. T

he Corporate

any are annex

nd determinirs, Key Manag

ES AND ASS to be a subsi

Page 13

rketing Reprepany is also a ng Oil, Shamp

overnance reped, which form

r review is Rso improve the

w is Rs. 37.8ovisions is at R

othpaste and acturing cont

financial contand no repor

SONNEL n no change e Independenscribed under

ct, 2013 and thn performancThe manner i Governance

xed to this rep

ing Directors gerial Personn

SOCIATE COidiary, joint v

esentatives fo registered m

poo, Ointmen

port with aums part of this

s. 598.44 Lakhe growth rate

86 Lakhs as Rs. 15.83 Lak

other cosmetracts and int

trols with refrtable materi

in the manant Directors ofr the Compa

he Listing Agce, and of thein which the e Report, wh

port:

independencnel and other

OMPANIES venture or ass

or Over the Cmember of varnt and Toothp

uditors’ certifs report.

hs as against R in turnover a

against Rs. 2khs as against

tic products. troduced new

ference to finial weakness

agement of thf the Compan

anies Act, 201

greement, thee directors inevaluation ha

hich forms pa

ce (Annexure r employees (

sociate during

Counter & Erious online ppaste.

ficate thereon

Rs. 516.93 Lakand profitabil

25.07 Lakhs i Rs. 13.71 Lak

The companw products a

nancial statem in the desi

he Companyny confirmin13 and the L

e Board has cadividually, asas been carrieart of this A

I); and (Annexure II)

g the financia

Ethical portals

n and

khs in lity in

in the khs in

ny has as per

ments. gn or

y. The g that

Listing

arried s well ed out

Annual

.

al year

DIRECTOYour Dire

a) In thaccoudepa

b) Theyestimthe Cthat d

c) Theyaccorpreve

d) They

e) Theyintern

f) Theyand t

CONTRAAll contrarelated paattention AUDITOBoard of DGeneral Mthe 30th Anot disqu The Notesfor any fadverse re SECRETAThe BoarSecretariaMarch 31,does not c

ORS’ RESPOectors state th

he preparatiounting standartures;

y have selectemates that areCompany as adate;

y have taken rdance with enting and de

y have prepar

y have laid dnal financial c

y have devisethat such syst

ACTS AND Aacts / arrangarties were inof the membe

ORS & AUDITDirectors hav

Meeting held Annual Genera

alified for app

s on financialfurther commemark.

ARIAL AUDId has appoin

al Audit for th, 2019 is annecontain any q

ONSIBILITY Shat:

on of the andards have b

d such accoune reasonable aat March 31, 2

proper and sthe provision

etecting fraud

ed the annua

down internacontrols are a

ed proper systems are adeq

ARRANGEMgements / trn the ordinarers to note no

TORS’ REPOve appointed on Septembeal Meeting ofpointment.

l statement rements. The A

ITOR nted M/s. Nhe financial yexed herewith

qualification, r

STATEMENT

nnual accounbeen followed

nting policiesand prudent s2019 and of th

sufficient carens of the Acd and other ir

l accounts on

al financial cadequate and

stems to ensuquate and ope

MENTS WITHansactions enry course of

o. 35 to the fin

ORT M/s. M. H. Dr 29, 2017 for

f the Compan

eferred to in tAuditors’ Rep

Nidhi Shah &year 2018-19. Th marked as Areservation or

Page 14

T

ts for the yed along with

s and appliedso as to give he Profit and

e for the mainct for safeguaregularities;

n a going conc

ontrols to be are operating

ure compliancerating effecti

H RELATED Pntered by thebusiness and

nancial statem

Dalal & Assocr a period of fny. They have

the Auditors’port does no

& Associates, The SecretariAnnexure III r adverse rem

ear ended Mh proper ex

d them consista true and fa Loss of the C

ntenance of aarding the as

cern basis;

e followed bg effectively;

ce with the pively.

PARTIES e Company d on an arm’

ment which se

ciates, Chartefive years to he confirmed th

’ Report are sot contain an

Practising Cial Audit Rep to this Repor

mark.

March 31, 20xplanation re

tently and maair view of thCompany for

adequate accossets of the

by the compaand

rovisions of a

during the fi’s length basts out related

ered Accounthold office tilheir eligibility

self-explanatony qualificatio

Company Secport for the finrt. The Secret

19, the appllating to ma

ade judgmente state of affa the year end

ounting recorCompany an

any and that

all applicable

inancial yearsis. Directors d party disclos

ants in the All the conclusy and that the

ory and do noon, reservati

retary, to conancial year etarial Audit R

icable aterial

ts and airs of

ded on

rds in nd for

t such

e laws

r with draw sures.

Annual ion of ey are

ot call on or

nduct ended

Report

DISCLOS Audit CoThe AudiDr. Dharnby the Au Vigil MecThe Vigil Listing Aga whistle Committe MeetingsFour meeon Corpor ParticularParticularthe notes ConservaEnergy coefficiencyamongst ause the laCompanyabsorptionnot entere Extract ofExtract of ParticularDisclosureread with2014 is an No discloRules 5(2)2014, as th CorporateThe Comprovision

SURES

mmittee t Committee

nendra B. Shaudit Committe

chanism Mechanism greement, com blower throuee.

s of the Boardtings of the Brate Governa

rs of Loans girs of loans givto the Financ

ation of Energonservation c into overall associates on

atest technoloy’s operationn and no foreed into any te

f Annual Retuf Annual Retu

rs of Employees pertaining

h Rule 5(1) of nnexed herew

osure or repor) and 5(3) of here are no em

e Social Resppany is not r

ns of Section 1

comprises of ah (Member) ee were accep

of the Compmprises of senugh an e-mail

d Board of Direcnce of this An

iven, Investmven, investmeial Statement

gy, Technologontinues to boperations ar

n energy consogies for imprs do not reqeign exchangeechnology tran

urn urn of the Com

ees and relateg to remunera the Compan

with marked as

rting is requithe Compani

mployees dra

ponsibility required to c35 of the Com

three Indepeand Mr. Mite

pted by the Bo

pany, which anior executivl, or dedicate

ctors were hennual Report.

ments made, Gents made, guts.

gy Absorptiobe an area of re undertakenservation throroving the prquire significe earnings ornsfer agreeme

mpany is ann

ed disclosureation and oth

nies (Appointms Annexure V

red in terms ies (Appointmwing remune

constitute Cormpanies Act, 2

Page 15

endent Directoesh J. Kuvadiaoard.

also incorporaes of the Comd telephone l

eld during the.

Guarantees guarantees giv

on and Foreigfocus for Vee

n through opough campaigroductivity ancant import

r outgo, durinent.

exed herewit

es her details asment and Rem

V to this Repo

of the provisment and Remeration in exce

rporate Socia2013.

ors namely Ma (Member). A

ates a whistlempany. Protecline or a lette

e year. For fur

given and Secven and secu

gn Exchange Eerhealth Care

perational pragns and evennd quality ofof technolog

ng the year un

th marked as

s required unmuneration o

ort.

sions of Sectiomuneration oess of the lim

al Responsibil

Mr. Arvind MAll the recom

e blower policted disclosurer to the Chai

rther details,

curities provirities provide

Earnings ande. Initiatives tactices and awnts. The Comf its services gy. There wnder review.

Annexure IV

nder Section of Managerial

on 197(12) ofof Managerial

mits set out in

lity Committ

. Shah (Chairmmendations

icy in terms ores can be mairman of the A

please refer r

ided ed are provid

d Outgo to integrate ewareness is cr

mpany continuand products

was no techn The Compan

V to this Repor

197(12) of thl Personnel) R

f the Act readl Personnel) Rthe said rules

tee in terms o

rman), made

of the ade by Audit

report

ded in

nergy reated ues to s. The

nology ny has

rt.

he Act Rules,

d with Rules, s.

of the

Material and date oThere haswhich hastatement GENERAYour Direwere no tr 1. Details2. Issue o3. Issue o No signifigoing con Your DireSexual Ha ACKNOWYour Direreceived funder revcommitted

Place: MuDate: 13th

changes and of the report s been no maave occurred ts relate and t

AL ectors state thransactions o

s relating to dof equity sharof shares (incl

icant or matencern status an

ectors furtherarassment of W

WLEDGEMEectors wouldfrom the finaview. Your Dd services by

umbai h August, 201

commitment aterial changebetween the

the date of the

hat no disclosn these items

deposits coverres with differluding sweat

rial orders wnd Company

r state that duWomen at W

ENT d like to expancial instituDirectors also the Company

19

ts affecting f

es and comme end of the e report.

sure or reports during the y

red under Chrential rights equity shares

ere passed by’s operations

uring the yearWorkplace (Pre

press their sitions, banks,

o wish to play’s executives

M

Page 16

financial posi

mitment affec financial yea

ting is requireyear under rev

hapter V of theas to dividens) to employe

y the Regulat in future.

r under revieevention, Proh

ncere apprec governmentace on records, staff and w

Sd/- Bhavin S. ShManaging D

ition betwee

cting the finaar of the Co

ed in respect view:

e Act. nd, voting or oees of the Com

tors or Courts

ew, there werhibition and R

ciation for tht authorities d their deep

workers.

By O

hah irector

n the end of

ancial positionompany to w

t of the follow

otherwise. mpany under

s or Tribunals

re no cases filRedressal) Ac

he assistance and member

p sense of ap


the financia

n of the Comwhich the fin

wing items as

any scheme.

s which impa

ed pursuant ct, 2013.

and co-operrs during theppreciation fo


Sd/- Yogesh M. Director

l year

mpany ancial

there

act the

to the

ration e year or the

ectors mited

Shah

ANNEXU

POLICY

QualificaThe Nomappropriamembers.the Comp In evaluatmay take perspectivvalues, w The propo Shall p Shall n Shall g Shall e

the Co Shall

Manag Shall d

associafinanci

Such oListing

The Commsuccess of Criteria oThe Nomappointmdeterminathe criteriListing Aspecified Other dirThe Boardeffective Blisted pubCompanytime invoand makin

URE I

Y FOR SELEC

ations and critmination and ate skills, kn. The objectiv

pany’s operati

ting the suitab into account ve, educationillingness to d

osed appointepossess a Direnot be disqualgive his writteendeavour to ommittee Mee

abide by thgement Persodisclose his coation of indiial year and thother requiremg Agreement

mittee shall ef the Compan

of Independenmination and Rment / re-app

ations of indeia of indepengreement. Thin Schedule IV

rectorships / cd members aBoard performblic limited coy. The Nominlved in Direcng its recomm

CTION OF DI

teria Remuneratiowledge and

ve is to have aions.

bility of indiv factors, such nal and profedevote suffici

ee shall also fector Identificlified under then consent to attend all Boetings; he Code of nnel;

oncern or inteividuals incluhereafter whements as mayand other rele

evaluate eachny’s business.

nce Remunerationointment and

ependence whndence shall bhe IndependeV to the Com

committee meare expected tmance. Accorompanies in snation and Retor’s service o

mendations to

IRECTORS A

ion Committd experience a Board with

vidual Board as general unessional backient time in ca

fulfill the follocation Numbehe Companie act as a Direc

oard Meetings

Conduct est

erest in any couding his shenever there iy be prescribevant laws.

h individual w

n Committee d the Board shen any new be same as la

ent Directors mpanies Act, 2

emberships to have adeqrdingly, memsuch a way themuneration Con other Boaro the Board.

Page 17

AND DETER

ee, and the required of diverse back

members, thenderstanding ground, persarrying out th

owing requireer; es Act, 2013; ctor; s and wherev

tablished by

ompany or coareholding ais a change in

bed, from tim

with the objec

shall assess tshall assess th interests or raid down in shall abide b

2013.

quate time anmbers should v

hat it does noCommittee shrds, in evalua

RMINING DI

Board, shall the Board a

kground and

e Nomination of the Compsonal and prheir duties an

ements:

ver he is appo

the Compa

ompanies or bat the first mn the disclosume to time, un

ctive of havin

the independhe same annurelationships Companies Aby the “Code

nd expertise avoluntarily li

ot interfere whall take intoting the suita

IRECTORS IN

l review on as a whole aexperience th

n and Remunpany’s busines

ofessional ethnd responsibil

ointed as a Co

any for Dire

bodies corpormeeting of thres already mnder the Com

ng a group th

dence of Direcually. The Boare disclosedAct, 2013 and

e for Indepen

and experiencimit their dire

with their role o account the ability of the i

NDEPENDE

an annual and its indivhat are releva

eration Commss dynamics, hics, integritylities effective

ommittee Me

ectors and S

rate, firms, or he Board in made; mpanies Act,

hat best enabl

ctors at the tioard shall re-ad by a Directod Clause 49 o

ndent Director

ce to contribuectorships in as directors nature of, anindividual Di

NCE

basis, vidual ant for

mittee social y and ely.

ember,

Senior

other every

2013,

es the

ime of assess or and of the rs” as

ute to other of the

nd the rector

ANNEXU

The Compother emp 1. Ensuri

and m2. Ensuri

benchm3. Ensuri

long te RemunerThe Boardapprove tapproved The Boardand apprremuneraPerquisite RemunerThe Boardapprove tlimits app Non-ExecBoard and RemunerEmployeecompetenexperienc

URE II

REMUNER

pany has forployees keepi

ing that the lemotivate, to run

ing that relamarks. ing that remuerm performa

ation to Execd, on the recothe remunera

d by the shareh

d, on the recorove the remation structurees and Allowa

ation to Non-d, on the recothe remuneraproved by the

cutive Directod the Commit

ation to othee’s remunerancies as well ace and prevail

RATION POL

rmulated the ng in view th

evel and comn the compantionship of r

uneration invance objective

cutive Directoommendationation payableholders.

ommendationmuneration pe to the Execuances and An

-Executive Dommendationation payablee shareholders

ors shall be ettees thereof.

r employees ation shall bas their roles aling remunera

LICY FOR DIOTH

remunerationhe following o

mposition of reny successfullremuneration

volves a balanes appropriate

ors and Key Mn of the Nom to the Execu

n of the Nompayable to tutive Director

nnual Perform

Directors n of the Nome to the Non-s.

entitled to co

be based on and responsibation levels fo

Page 18

RECTORS, K

HER EMPLOY

n policy for iobjectives:

emuneration ly. n to perform

nce between fe to the worki

Managerial Pmination and utive Director

mination and Rhe Key Manrs and Key M

mance Bonus.

mination and R-Executive Di

onveyance/sit

their indivibilities in the or equivalent

KEY MANAGYEES

its directors,

is reasonable

mance is clea

fixed and incing of the com

Personnel Remuneratiors of the Com

Remunerationagerial Pers

Managerial Pe

Remuneratioirectors of th

tting fees for

idual qualific organization jobs.

GERIAL PER

key manager

e and sufficien

ar and meets

centive pay rempany and its

on Committeempany within

n Committeesonnel of thrsonnel shall

on Committeehe Company

r attending th

cations and n, job profile, s

RSONNEL AN

rial personne

nt to attract,

s the perform

eflecting shors goals.

e, shall reviewn the overall

e, shall also rehe Company include Basic

e, shall reviewwithin the o

he meetings o

work experskill sets, seni

ND

el and

retain

mance

rt and

w and limits

eview . The c Pay,

w and overall

of the

rience, iority,

ANNEXU

[Pursuan

To, The MemVeerhealtMumbai We have adherenceSecretariacorporate Based on maintaineauthorizethe Compwith the sand comphereinafte We have maintaineof:

I. II. III. IV.

V.

VI.

URE III

Secretnt to Section 2

mbers th Care Limit

conducted the to good coral Audit was conducts/sta

our verificatied by the Comd representat

pany has, durstatutory propliance-mecher:

examined ted by the Com

The CompThe SecuriThe DeposForeign Exto the exCommerciThe followBoard of Ina. The S

Takeovb. The Se

2015; c. The S

Requird. The Se

AgentOther law 1. Facto2. Paym3. Forei4. Paym5. Indus

tarial Audit R204(1) of the C

and Remun

ted

he secretarialrporate practi conducted iatutory comp

ion of the bompany and altives during ting the audit

ovisions listedanism in pla

the books, pmpany for th

panies Act, 201ities Contractsitories Act, 1xchange Mantent of Foreial Borrowingwing Regulatndia Act, 1992ecurities andvers)Regulatiecurities and

Securities anrements)Reguecurities and s) Regulation applicable sp

ories Act, 1948ment of Wages

gn Exchange ment of Gratuistrial Dispute

ForReport for theCompanies Aneration of M

l audit of theices by Veerhin a manner pliances and e

oks, papers, mlso the informthe conduct o period coverd hereunder ace to the ext

papers, minuhe financial ye

13 (the Act) as (Regulation996 and the R

nagement Acteign Direct Igs; tions and Gu2 (‘SEBI Act’)

d Exchange Bions, 2011; Exchange Bo

nd Exchangeulations, 2009 Exchange Bo

ns, 1993 regardpecifically to t8 s Act, 1936 an Managementity Act, 1972

es Act, 1947

Page 19

m No. MR.3 e financial ye

Act, 2013 and tanagerial Per

e compliancehealth Care L

that provideexpressing ou

minute booksmation providof secretarial ring the finanand also thattent, in the m

ute books, foear ended on

and the Rules n) Act, 1956 (‘SRegulations ant, 1999 and thInvestment, O

uidelines pres) to the extentBoard of Ind

ard of India (

e Board of 9; oard of Indiading the Comthe Company

nd t Act, 1999

ear ended on the Rule 9 of rsonnel) Rules

e of applicablLimited (hereed us a reasour opinion the

s, forms and ded by the Coaudit, we her

ncial year endt the Companmanner and

orms and retn March 31, 20

made there-uSCRA’) and tnd bye-laws fhe Rules and Overseas Di

scribed undet applicable todia (Substant

(Prohibition o

India (Issue

a (Registrars tmpanies Act any, as detailed b

March 31, 20 the Companis, 2014]

le statutory peinafter calledonable basis ereon.

returns filed ompany, its oreby report th

ded on Marchny has propesubject to th

turns filed a019 according

under; the Rules madframed there- Regulations irect Investm

er the Securito the Compantial Acquisiti

of Insider Tra

e of Capita

to an Issue and dealing wbelow;

019 ies (Appointm

provisions and the “Compafor evaluatin

and other reofficers, agenthat in our op

h 31, 2019 comer Board-proche reporting

and other reg to the prov

de there-unde-under; made there-u

ment and Ex

ties and Exchny; ion of Shares

ading) Regula

al and Discl

and Share Trawith client;

ment

nd the any”).

ng the

ecords ts and

pinion, mplied cesses made

ecords visions

er;

under ternal

hange

s and

ations,

losure

ansfer

We have a(i) (ii) (iii)

We reportthe Act, action/ev

We have rformed byapplicable The complaws has designate We furthealso on Secretary/system anmonitor aenvironm We furtheExecutiveof the Boawith the p Adequateagenda w

6. Minim7. Envir8. Wate9. Air (P10. Haza11. The E12. Drug13. The D14. The T15. The P

also examinedSecretarialThe SEBI (The listing

t that, duringrules, regula

vent in pursuaa) The Se

2009; ab) The Sec) The Sed) The S

Emplo

relied on the y the Compae Acts, Laws a

pliance by thenot been revd professiona

er report that,the review

/CFO/CEO tnd process exand ensure co

mental laws.

er report thate Directors, Nard of Directoprovisions of

e notice is givwere sent at lea

mum Wages Aronment (Protr (Prevention

Prevention anrdous Waste

Electricity Actg & CosmeticsDrugs & MagiTrademarks APatents Act, 19

d compliancel Standards is(Listing Obligg agreement e

g the financialations, guideance of; ecurities andand ecurities and Eecurities and ESecurities andoyee Stock Pu

representatioany and test vand Regulatio

e Company oviewed in thals and being

, based on theof complian

taken on recoits in the com

ompliance wi

the Board ofon-Executive

ors that took the Act.

ven to all direast seven day

Act, 1948 tection) Act, 1

n and Control nd Control of (Management, 2013 s Act, 1940 ic Remedies A

Act, 1999 970

e with the appsued by The I

gations and Dentered into b

l year under relines as men

Exchange B

Exchange BoaExchange Boad Exchange

urchase Schem

on made by thverification onons to the Com

of the applicahis Audit, sin relied on the

e informationnce reports rd by the Boa

mpany commeith the applic

f Directors of e Directors anplace during

ectors to scheys in advance.

Page 20

1986 of Pollution) Pollution), Ant and Handli

Act, 1954

plicable clauseInstitute of Cisclosure Reqy the Compan

review, the Contioned abov

Board of Indi

ard of India (Bard of India (IBoard of Ind

me) Guideline

he Company n random bampany

able direct taxnce the same reports given

n provided anof the resp

ard of Directoensurate with

cable general

the Compannd Independen

the period u

edule the Boa.

, Act, 1981 Act, 1974

ing) Rules, 19

es of the folloCompany Secrquirements) Rny with Stock

ompany has cve. We furth

ia (Delisting

Buyback of SeIssue of Debtdia (Employ

es 1999

and its Officasis carried ou

x laws, indire have been sn by such des

nd representatpective depaors of the Comh the size and laws like lab

ny is duly connt Directors.

under review

ard Meetings

989

owing; retaries of IndRegulations, 2k Exchanges i

complied wither report th

of Equity Sh

ecurities) Regt Securities) Ryee Stock Op

ers for systemut for compli

ect tax laws asubject to revsignated profe

tion made byartment/unit mpany, in ourd operations obour laws, com

nstituted withThe changes were carried

, agenda and

dia 2015 in India.

th the provisiohat, there wa

hares) Regula

gulations, 199Regulations, 20ption Scheme

ms and mechaiances under

and other finview by the essionals.

y the Compan heads/Comr opinion adeof the Compampetition law

h proper balanin the compo out in comp

d detailed not

ons of as no

ations,

98; 008 e and

anism other

ancial other

ny and mpany equate any to w and

nce of osition liance

tes on

As per ththrough w We furthe There werguidelines

Place: MuDate: Ma Note: Thiforms and Annexure To, The MemVeerhealtMumbai Our Secre 1. Maint

respo2. We h

assuraon teproce

3. We haof the

4. Wherlaws,

5. The cois the test ba

6. The Sthe ef

Place: MuDate: Ma

e minutes of while the diss

er report that

re no specifics etc., having

umbai ay 28, 2019

is report is td integral par

e – “A”

mbers th Care Limit

etarial Audit R

tenance of sensibility is to

have followedance about thst basis to e

esses and pracave not verifi

e Company; re ever requir rules and regompliance of responsibilitasis;

Secretarial Aufficacy or effec

umbai ay 28, 2019

the meeting enting memb

t,

c events/actio a major bear

o be read wirt of this repo

ted

Report of eve

ecretarial reco express an op

d the audit phe correctnessnsure that coctices, we folloied the correc

red, we havegulation and h the provisiony of managem

udit report is ctiveness with

duly recordebers’ views ar

ons in pursuaing on the Co

ith our letterort.

n date is to be

ords is the rpinion on the

practices and s of the conteorrect facts aowed provide

ctness and ap

e obtained thhappening of ns of corporatment. Our exa

neither an ash which the m

Page 21

d and signede captured an

ance of any ofompany affair

r of even dat

e read along w

esponsibility ese secretarial

the processeents of the seare reflected e a reasonablpropriateness

he Manageme events etc.; te and other aamination wa

ssurance as tomanagement h

d by the Chairnd recorded a

f the above rers.

te which is a

with this lette

of the manal records basees as were apecretarial reco

in secretariae basis for ous of financial

ent Represent

applicable lawas limited to t

o the future vhas conducte

rman, majorias part of the

eferred laws,

ACS No. 45

annexed as “

er;

agement of ted on our audppropriate to ords. The veral records. Wur opinion; records and

tation about

ws, rules, reguthe verificatio

viability of thed the affairs o

ACS No. 45

ty decision caminutes.

rules, regula

Sd

Nidhi 5720, CP No. 1

Annexure A”

the Companydit; obtain reaso

rification wasWe believe tha

Books of Acc

the complian

ulations, stanon of procedu

he Company nof the Compa

Sd Nidhi 5720, CP No. 1

arried

ations,

d/- Shah 16854

” and

y. Our

onable s done at the

counts

nce of

ndards ure on

nor of any.

d/- Shah 16854

I

II

ANNEXU

[Pursuan

I. REGISTR

1. CIN2. Reg3. Nam4. Cate

Sub5. Add

offic

6. Whe7. Nam

detaTran

II. PRINCIPAAllthebusSr.No.

Napr

1 MPr

II. PARTICULSr.No

NamCom

‐ ‐

URE IV

nttoSection9

RATION&OT

gistrationDatemeoftheComegoryoftheC‐categoryofthdressoftheRece&contactd

etherlistedcome,Address&ailsoftheRegnsferAgent,if

ALBUSINESS

sinessactivitie

ameandDescroducts/serv

anufacturingroducts

LARSOFHOL

meandAddrempany

ason

92(3)oftheC

THERDETAIL

epanyompany/heCompanyegistereddetails

ompany&contactgistrar&fany.

ACTIVITIESO

escontributin

riptionofmaiices

of Pharmaceu

LDING,SUBSI

essofthe CI

FOREXTRACTO

nfinancialyear

CompaniesAc&Administr

LS:

L65910MH10/07/199VeerhealthCompanyLIndianNon629‐A,GazJ.S.S.Marg,Mumbai–4TelNo.:02YesPurvaSharUnitNo.9,Opp.KastuMumbai–4TelNo.:02

OFTHECOMP

ng10%ormo

in NICCo

utical 210‐ Mmedicprodu

IDIARYANDA

N/GLN

‐

Page 22

MNO.MGT‐9OFANNUALRErendedon31

ct,2013andration)Rules

H1992PLC06792hCare LimitedLimitedbyShan‐GovernmentdarHouse,1st

NearKalbade400002.2‐22018582

registry (IndiaShivShaktiInurbaHospitalL400011.2‐23016761/

PANY

oreofthetotal

odeofthePro

Manufacturecinal chemicucts

ASSOCIATEC

9ETURN1stMarch,2019

rule12(1)ofs,2014]

7632

darestCompanyt Floor,eviPostOffice

FaxNo:022‐2

a)Pvt.Ltd.nd.Estt,J.R.BLane,LowerP

/23018261F

lturnoveroft

oduct/service

of pharmaceucal and bot

COMPANIES:‐

Holding/Subsidiary/Associate

‐

9

ftheCompan

e,

22072644

orichaMarg,Parel(E),

Fax:022‐2301

thecompanys

%toofth

uticals,tanical

%ofsharheld

‐

nies(Manage

12517

shallbestated

ototalturnovhecompany

100.00%

res ApplicabSection

‐

ment

d:‐

er

ble

S

A.Pro

(1)In

a)Ind

b)Cen

c)Sta

d)Bo

e)Ban

f)Any

Sub‐t

(2)Fo

a)NR

b)Oth

c)Bod

d)Ba

e)Any

Sub‐t

Total

ofPro

(A)(1

B.Pu

Share

1.Ins

a)Mu

b)Ba

c)Cen

d)Sta

e)Ven

Funds

f)Insu

IV.SHAREi) Catego

CategoryofShareholders

omoters

ndian

dividual/HUF

ntralGovt

ateGovt(s)

diesCorp.

nks/FI

yother

total(A)(1):‐

oreign

RIs‐Individuals

her‐Individual

diesCorp.

nks/FI

yother

total(A)(2):‐

lshareholding

omoter(A)=

1)+(A)(2)

ublic

eholding

stitutions

utualFunds

nks/FI

ntralGovt

ateGovt(s)

ntureCapital

s

uranceCo’s

EHOLDINGP

ory‐wiseShar

No.o

Demat

2239628

0

0

0

0

0

2239628

s

0ls

0

0

0

0

0

g

2239628

0

0

0

0

0

0

ATTERN(Equ

reHolding

fSharesheldat(Ason31‐Physical

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

uityShareCa

ttheendofthe‐03‐2018)

Total

2239628

0

0

0

0

0

2239628

0

0

0

0

0

0

2239628

0

0

0

0

0

0

Page 23

apitalBreaku

year

%ofTotalShares

32.30 2

0.00

0.00

0.00

0.00

0.00

32.30 2

0.00

0.00

0.00

0.00

0.00

0.00

32.30 2

0.00

0.00

0.00

0.00

0.00

0.00

upaspercent

No.ofShares(As

Demat Phy

2548641

0

0

0

0

0

2548641

0

0

0

0

0

0

2548641

0

0

0

0

0

0

tageofTotalE

sheldattheendson31‐03‐2019ysical Tota

0 25486

0 0

0 0

0 0

0 0

0 0

0 25486

0 0

0 0

0 0

0 0

0 0

0 0

0 25486

0 0

0 0

0 0

0 0

0 0

0 0

Equity)

doftheyear9)al %ofTota

Shares

641 36.75

0.00

0.00

0.00

0.00

0.00

641 36.75

0.00

0.00

0.00

0.00

0.00

0.00

641 36.75

0.00

0.00

0.00

0.00

0.00

0.00

%ofChangeduringtheyear

al

4.45

0.00

0.00

0.00

0.00

0.00

4.45

0.00

0.00

0.00

0.00

0.00

0.00

4.45

0.00

0.00

0.00

0.00

0.00

0.00

S

g)FII

h)Fo

Capita

i)Oth

Sub‐t

2.No

a)Bod

i)Ind

ii)Ov

b)Indi)IndsharenominuptoRii)Indsharenomininexc

c)Oth

i)Clea

ii)LLiii)NoIndianiv)HiFamil

Sub‐t

TotalShare(B)(1

C.ShaCusto&AD

Gran(A+B

CategoryofShareholders

s

oreignVenture

alFunds

hers(specify)

total(B)(1):‐

n‐Institutions

diesCorp.

dian

verseas

dividualsdividualeholdersholdingnalsharecapitaRs.1lakhdividualeholdersholdingnalsharecapitacessofRs1lakh

hers(specify)

aringMember

PonResidentnsinduUndividedly

total(B)(2):‐

lPubliceholding(B)=1)+(B)(2)

aresheldbyodianforGDRsRs

dTotal+C)

No.o

Demat

0

0

0

0

169717

0

gal

2048357

galh 1776251

108108

100

119301

240878

4462712

4462712

s0

6702340

fSharesheldat(Ason31‐

Physical

0

0

0

0

0

0

213098

18800

0

0

0

0

231898

231898

0

231898

ttheendofthe‐03‐2018)

Total

0

0

0

0

169717

0

2261455

1795051

108108

100

119301

240878

4694610

4694610

0

6934238

Page 24

year

%ofTotalShares

0.00

0.00

0.00

0.00

2.45

0.00

32.61 1

25.89 1

1.56

0.00

1.72

3.47

67.70 4

67.70 4

0.00

100.00 6

No.ofShares(As

Demat Phy

0

0

0

0

243567 2

0

1986196 20

1542129 18

36054

100

117351

235877

4161274 22

4161274 22

0

6709915 224

sheldattheendson31‐03‐2019

ysical Tota

0 0

0 0

0 0

0 0

225 24379

0 0

5298 21914

8800 15609

0 3605

0 100

0 11735

0 23587

4323 43855

4323 43855

0 0

4323 69342

doftheyear9)

al %ofTotaShares

0.00

0.00

0.00

0.00

92 3.52

0.00

494 31.60

929 22.51

54 0.52

0 0.00

51 1.69

77 3.40

597 63.25

597 63.25

0.00

238 100.00

%ofChangeduringtheyearal

0.00

0.00

0.00

0.00

1.07

0.00

‐1.01

‐3.38

‐1.04

0.00

‐0.03

‐0.07

‐4.45

‐4.45

0.00

0.00

Sr.No.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

ii) Shareh

Shareholde

YogeshMahasu

MahasuklalSha

ShrutiYogeshS

YogeshShahH

KalpanaD.Sha

KrupaYogeshS

BhavinSatishS

NishaBhavinS

JigarJayantSha

AshishJayantS

JayantSeventil

DharnendraB.

ArvindM.Shah

RuchiYogeshS

Totaliii) Chang

Sr.No.

Part

1 Atth2

DatePromspecdecrswe

3 Atth

holdingofPr

er’sName

N

uklalShah

ahHUF

Shah

UF

ah

Shah

Shah

Shah

ah

Shah

lalShah

Shah

hHUF

Shah

geinPromote

ticulars

hebeginningo

e wise Incmoters Sharecifying the rrease(e.g.alloatequityetc.)heendofthey

romoters

Shareholdin(Aso

No.ofSharesS

935035

337965

234714

201595

196987

152000

50000

41720

38900

24950

18262

5750

1750

0

2239628

ers’Sharehol

oftheyear

crease / Deholding durinreasons forotment/trans:*year

gattheendofton31‐03‐2018)

%oftotalharesofthecompany

%

eto

13.48

4.87

3.38

2.91

2.84

2.19

0.72

0.60

0.56

0.36

0.26

0.08

0.03

0.00

32.30

lding(please

Decrease inng the yearincrease /fer/bonus/

Page 25

theyear)

%ofSharesPledged/ncumberedtotalshares

N

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

especify,ifth

Shareholdinbeginningof(Ason01‐04‐

No.ofshares

2239628

3090132548641

Shareholding(Aso

No.ofSharesSh

935035

337965

270700

201595

196987

333246

50000

41720

38900

24950

18262

5750

1750

91781

2548641

hereisnocha

ngattheftheyear‐2018)

%oftotalsharesofthcompany32.30

4.4536.75

gattheendofton31‐03‐2019)

%oftotalharesofthecompany

%

ento

13.48

4.87

3.90

2.91

2.84

4.81

0.72

0.60

0.56

0.36

0.26

0.08

0.03

1.32

36.75

ange)

Cumulatduringth(01‐04‐20

heNo.ofshares

*

**

theyear

%shd

%ofSharesPledged/ncumberedtotalshares

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

iveShareholdheyear018to31‐03‐20

%oftotalsharesofthcompany*

**

%changeinhareholdingduringthe

year

0.00

0.00

0.52

0.00

0.00

2.61

0.00

0.00

0.00

0.00

0.00

0.00

0.00

1.32

4.45

ding

019)

he

Sr.No.

1

2

3

* Date wiincrease/

Name

ShrutiYogeshS

KrupaYogeshS

RuchiYogeshS

ise Increase //decreaseCum

e

No.otheb(01‐endo(31‐

Shah 2

2

Shah 1

3

Shah

/ Decrease inmulativeShare

Shareholding

fSharesatbeginning04‐2018/oftheyear03‐2019)

%So

co

34714

70700

52000

33246

0

n Promoterseholding

g D

oftotalSharesoftheompany

3.38 01/0

02/1

09/1

16/1

23/1

21/1

28/1

25/0

08/0

22/0

3.90 31/0

2.19 01/0

21/1

4.81 31/0

0.00 01/0

17/0

21/0

28/0

26/1

02/1

14/1

21/1

28/1

31/1

04/0

25/0

15/0

Page 26

Shareholding

Date IncrDec

share

04/2018

1/2018 10

1/2018 5

1/2018 4

1/2018 5

2/2018 3

2/2018 3

01/2019 2

02/2019 4

02/2019 5

03/2019

04/2018

2/2018 18

03/2019

04/2018

08/2018 33

09/2018 2

09/2018 5

0/2018 13

1/2018 5

2/2018 1

2/2018 11

2/2018 8

2/2018 1

01/2019

01/2019 6

02/2019 4

g during the y

rease/creaseineholding

Re

0000

000

497

650

053

355

431

4000

000

1246

3654

166

134

3956

000

650

1140

877

160

11

6590

4150

year specifyin

eason

(0

No.

Buy 2

Buy 2

Buy 2

Buy 2

Buy 2

Buy 2

Buy 2

Buy 2

Buy 2

Buy 3

Buy 3

Buy 3

Buy 4

Buy 5

Buy 5

Buy 6

Buy 7

Buy 7

Buy 7

Buy 7

Buy 8

Buy 8

ng the reason

CumulativeShareholdinduringtheye

01‐04‐2018to32019)

ofShares %oSho

com

244714

249714

250211

255861

258914

259269

261700

265700

270700

333246 4

33654

35820

40954

54910

59910

61560

72700

73577

73737

73748

80338

84488

ns for

engear31‐03‐

oftotalharesofthempany

3.53

3.60

3.61

3.69

3.73

3.74

3.77

3.83

3.90

4.81

0.49

0.52

0.59

0.79

0.86

0.89

1.05

1.06

1.06

1.06

1.16

1.22

Sr.No.

1

2

3

iv) SharGDRs

Sr.No.

Part

1 Atth2 Date

Sharreasallotetc)

3 Atth*DatewisdecreaseC

Name

VarshaSharad

DevalNilaySha

NilaySuvratbhShah

9

eholdingPatsandADRs):

ticulars

hebeginningoe wise Increareholdersdursons for intment/trans:heendoftheyseIncrease/DCumulativeSh

S

No.ofShthebegi(01‐04‐2endofth(31‐03‐2

Shah 2100

2100

ah 1684

1684

hai

1000

1000

91781

tternoftopte

oftheyearase / Decreasingtheyearsncrease /decfer/bonus/

yearDecreaseintohareholding

hareholding

aresatnning2018/heyear2019)

%oftoShare

thecom

000 3.03

000 3.03

407 2.43

407 2.43

000 1.44

000 1.44

22/0

01/0

08/0

1.32 31/0

enSharehold

se in top tenpecifyingthecrease (e.g.sweatequity

optenShareho

Date

otalsof

mpany

3 01/04/2

3 31/03/2

3 01/04/2

3 31/03/2

4 01/04/2

4 31/03/2

Page 27

02/2019 6

03/2019 6

03/2019

03/2019

ders(Otherth

Shareholdingbeginningof(Ason01‐04

No.ofshares

*

**

oldersduring

IncreasDecrea

insharehold

2018

2019

2018

2019

2018

2019

671

6620

2

hanDirectors

gatthef theyear4‐2018)


**

gtheyearspec

se/ase

ding

Reaso

Buy 8

Buy 9

Buy 9

s,Promoters

Cumulativtheyear(01‐04‐20

heNo.ofshares

*

**

cifyingtherea

on Cumu

(01‐04

No.ofS

85159

91779

91781

andHolders

veShareholding

18to31‐03‐20


**

asonsforincr

ulativeSharehoduringtheyear4‐2018to31‐03

Shares %ofSharescomp

1.23

1.32

1.32

sof

gduring

19)

he

ease/

oldingr3‐2019)

f totalsofthepany

4

5

6

7

8

9

10

KamalGadalay

JatinRasiklalMansata

GrishmaDevenShah

GujaratStateFinancialCorporation

JignaKanayalaShah

SharadKanayaShah

NamitSinghBa

y 8000

8000

7970

0

ndra

7940

1001

7930

7930

l

7500

7500

alal

7100

7100

akshi 6500

0

00 1.15

00 1.15

00 1.15

0.00

00 1.15

111 1.44

00 1.14

00 1.14

00 1.08

00 1.08

00 1.02

00 1.02

00 0.94

0.00

5 01/04/2

5 31/03/2

5 01/04/2

01/06/2

15/06/2

06/07/2

0 31/03/2

5 01/04/2

13/07/2

20/07/2

27/07/2

23/11/2

4 31/03/2

4 01/04/2

4 31/03/2

8 01/04/2

8 31/03/2

2 01/04/2

2 31/03/2

4 01/04/2

25/05/2

06/07/2

20/07/2

27/07/2

31/08/2

21/09/2

12/10/2

0 31/03/2

Page 28

2018

2019

2018

2018 ‐7970

2018 79700

2018 ‐7970

2019

2018

2018 8176

2018 74

2018 11824

2018 637

2019

2018

2019

2018

2019

2018

2019

2018

2018 26000

2018 ‐4044

2018 ‐1511

2018 ‐1843

2018 ‐1028

2018 ‐2000

2018 ‐4720

2019

0 Sell

0 Buy

0 Sell

6 Buy

Buy

4 Buy

Buy

0 Buy

3 Sell

8 Sell

9 Sell

0 Sell

0 Sell

0 Sell

l 0

y 797

l 0

y 875

y 876

y 994

y 1001

y 910

l 505

l 354

l 170

l 672

l 472

l 0

0.0

00 1.

0.0

76 1.2

50 1.2

74 1.4

111 1.4

00 1.3

57 0.7

39 0.5

00 0.2

20 0.

20 0.0

0.0

00

15

00

26

26

43

44

31

73

51

25

10

07

00

11

12

BhaminiPareshShah

ILandFSSecuritiesSerLimited

h5825

8860

rvices0

8803

58 0.84

00 1.28

0.00

37 1.27

4 01/04/2

11/05/2

01/06/2

15/06/2

03/08/2

10/08/2

28/09/2

8 31/03/2

0 01/04/2

01/06/2

08/06/2

06/07/2

13/07/2

05/10/2

26/10/2

02/11/2

07/12/2

7 31/03/2

Page 29

2018

2018 1500

2018 11810

2018 3500

2018 ‐150

2018 ‐918

2018 14600

2019

2018

2018 82602

2018 ‐8260

2018 10244

2018 ‐2500

2018 7386

2018 ‐5106

2018 ‐5337

2018 ‐8849

2019

0 Buy

0 Buy

0 Buy

Sell

Sell

0 Buy

2 Buy

2 Sell

43 Buy

0 Sell

6 Buy

6 Sell

7 Sell

9 Sell

y 597

y 715

y 750

l 749

l 740

y 886

y 826

l 0

y 1024

l 999

y 1073

l 1022

l 968

l 880

58 0.8

68 1.0

68 1.0

18 1.0

00 1.0

00 1.2

02 1.

0.0

443 1.4

43 1.4

329 1.5

223 1.4

86 1.4

37 1.2

86

03

08

08

07

28

19

00

48

44

55

47

40

27

Sr.No.

1

2

3

4

5

6

v) Shar

Name

BhavinS.ShahManagingDire

ShrutiY.ShahExecutiveDirec

YogeshM.ShahNon‐ExecutiveDirector

ArvindM.ShahNon‐ExecutiveDirector

DharnendraB.Non‐ExecutiveDirector

MiteshJ.KuvadNon‐ExecutiveDirector

eholdingofD

S

No.ofShthebegi(01‐04‐2endofth(31‐03‐2

ctor 5000

5000

ctor 2347

2707

h

9350

9350

h

0

0

Shah

575

575

dia

0

0

Directorsand

hareholding

aresatnning2018/heyear2019)

%oftSharofth

comp

00 0.72

00 0.72

714 3.38

700 3.90

035 13.4

035 13.4

0.00

0.00

50 0.08

50 0.08

0.00

0.00

dKeyManage

Date

totalresheany

2 01/04/2

2 31/03/2

8 01/04/2

02/11/2

09/11/2

16/11/2

23/11/2

21/12/2

28/12/2

25/01/2

08/02/2

22/02/2

0 31/03/2

48 01/04/2

48 31/03/2

0 01/04/2

0 31/03/2

8 01/04/2

8 31/03/2

0 01/04/2

0 31/03/2

Page 30

erialPersonn

IncreasDecrea

insharehold

2018

2019

2018

2018 10000

2018 5000

2018 497

2018 5650

2018 3053

2018 355

2019 2431

2019 4000

2019 5000

2019

2018

2019

2018

2019

2018

2019

2018

2019

nel:

se/ase

ding

Reaso

NoCha

0 Buy

0 Buy

Buy

0 Buy

3 Buy

Buy

1 Buy

0 Buy

0 Buy

NoCha

NoCha

NoCha

NoCha

on Cumu

(01‐04

No.ofS

ange

y 2447

y 2497

y 2502

y 2558

y 2589

y 2592

y 2617

y 2657

y 2707

ange

ange

ange

ange

ulativeSharehoduringtheyear4‐2018to31‐03

Shares %ofSharescomp

714 3.5

714 3.6

211 3.6

861 3.6

914 3.7

269 3.7

700 3.7

700 3.8

700 3.9

oldingr3‐2019)

f totalsofthepany

53

60

61

69

73

74

77

83

90

7

8

AkashP.ShahCFO

RonyM.ShahCompanySecre

V.INDEBTEIndebtedne

Indebtednfinancialyi)Principaii)Interestiii)Interes

Changeinfinancialy

*Addition*ReductioNetChangIndebtednfinancialy

i)Principaii)Interestiii)Interes

120

120

etary 0

0

EDNESS

essoftheCom

nessatthebeyearalAmounttduebutnotpstaccruedbut

Total(i+iinIndebtednesyear

ngenessattheenyear

alAmounttduebutnotpstaccruedbut

Total(i+ii

00 0.02

00 0.02

0.00

0.00

mpanyinclud

eginningofth

paidnotdue+iii)ssduringthe

ndofthe

paidnotdue+iii)

2 01/04/2

2 31/03/2

0 01/04/2

0 31/03/2

dinginterest

Secuexclud

he

e

Page 31

2018

2019

2018

2019

outstanding/

uredLoansdingdeposits

29.46‐‐

29.46

‐29.3129.31

0.15‐‐

0.15

NoCha

NoCha

/accruedbut

UnsecuredLoans

92.00‐‐

92.00

2.00‐

2.00

94.00‐‐

94.00

ange

ange

tnotdueforp

dDeposits

‐‐‐‐

‐‐‐

‐‐‐‐

payment(Rs.inL

sTotal

Indebted

121.4‐‐

121.4

2.0029.3127.31

94.15‐‐

94.15

Lakhs)lness

6

6

11

5

5

VI.REMUA. RemunSr.No.

Pa

1 Gross(a)SacontaIncom(b)VaIncom(c)Prsectio

2 Stock3 Swea4 Comm

‐as%‐othe

5 Other Total Ceilin

B.RemunSr.No.

1 IndepeFeefor

CommOthersTotal(

2 OtherNFeefor

CommOthers

Total( Total(

TotalM

Overal

NERATIONO

nerationtoMarticularsofR

ssalaryalaryasperprainedinsectiome‐taxAct,19alueofperquime‐taxAct,19rofitsinlieuofon17(3)IncomkOptiontEquitymission%ofprofiters,specify…rs,pleasespecl(A)ngaspertheA

nerationtootParticularso

endentDirectorattendingbo

issions‐Conveyance(1)Non‐Executiverattendingbo

issions,pleasespecif(2)(B)=(1+2)ManagerialRe

lCeilingaspe

OFDIRECTOR

ManagingDirRemuneration

rovisionsn17(1)ofthe61sitesu/s17(261fsalaryunderme‐taxAct,19

cify

Act

therdirectorofRemunerati

orsard/committ

e

eDirectorsard/committ

fy

muneration(A

ertheAct

SANDKEYM

ector,Whole

BhaManag

e9

2)

r961

9Rs.84LaCompani2922(E)

rs:ion

teemeetings

teemeetings

A)+(B)

RtN

Page 32

MANAGERIAL

e‐timeDirectoNameofMD/

avinS.ShahgingDirector

9,10,000

‐

‐‐‐

‐‐‐

9,10,000akhsasproviiesAct,2013adated12thSe

ArvindM.Shah

Dh

‐‐

2,0002,000

‐‐‐‐

2,000

Rs.84Lakhsathe CompaniNotificationN

PERSONNEL

orsand/orM/WTD/Mana

ShrutiExecutiv

4,5

4,55ided inSectioandasamendeptember,201

NameofDirharnendraB.

Shah

‐‐

2,0002,000

‐‐‐‐

2,000

asprovidedinies Act, 201o.S.O.2922(E

Manager:ger

iY.ShahveDirector

5,000

‐

‐‐‐

‐‐‐5,000on II,Part II odedvideMCA16.

rectorsMiteshJ.Kuvadia

YS

‐‐

2,0002,000

‐‐‐‐

2,000

nSectionII,Pa13 and as aE)dated12th

TotalAmo

13,65,00

‐

‐‐‐

‐‐‐

13,65,00ofScheduleVNotificationN

AYogeshM.Shah

‐‐‐ 6‐ 6

‐‐‐‐‐ 6

13artIIofSchedamended vidSeptember,20

ount

00

00of the

No.S.O.

TotalAmount

‐‐

6,0006,000

‐‐‐‐

6,000

,71,000duleVofde MCA016.

C.RemunSr.No.

P

1 Gr

(a)cothe(b)17(c)untax

2 Sto3 Sw4 Co ‐a ‐o5 Ot ToVII.PENA

Typ

A.COMPPenalty

Punishm

Compoun

B.DIREC

Penalty

Punishm

Compoun

C.OTHE

Penalty

Punishm

Compoun

nerationtoKeParticularsof

rosssalary

)SalaryasperntainedinseceIncome‐taxA)Valueofper7(2)Income‐ta)Profitsinlieundersection17xAct,1961ockOptionweatEquityommissionas%ofprofitothers,specifythers,pleasespotal

ALTIES/PUNI

pe SeCo

PANY

ment

nding

CTORS

ment

nding

ROFFICERSI

ment

nding

eyManageriaRemuneration

rprovisionsction17(1)ofAct,1961quisitesu/saxAct,1961uofsalary7(3)Income‐

y…pecify

ISHMENT/CO

ectionofthempaniesAct

INDEFAULT

alPersonnelon

CEO

NotApplicabl

OMPOUNDIN

BriefDescriptio

Page 33

otherthanMKeyMa

RonyM.SCompanSecreta

e

4,42,000

‐

‐‐‐

‐‐‐

4,42,00

GOFOFFENC

onDetails/PunCompfeesi

NIL

NIL

NIL

MD/Manager/anagerialPers

Shahnyary

AkashPCF

0 7,80,0

‐

‐‐‐

‐‐‐

00 7,80,0

CES:

sofPenaltynishment/poundingimposed

/WTDsonnel

P.ShahFO

Tota

000 12

000 12,

Authority[RD/NCLTCOURT]

alAmount

,22,000

‐

‐‐‐‐‐‐

,22,000

yT/

AppeifanDe

almade,ny(giveetails)

ANNEXU DETAILSCOMPANREMUNE i) The p

Secretamedian

Sr. No

Nama

1 BhavMana

2 ShruExecu

3 YogeNon-

4 ArvinNon-

5 DharNon-

6 MitesNon-

7 AkasChief

8 RonyCom

ii) The m

1,82,00iii) In the iv) There v) Averag

the finremun

vi) The kconsidRemunand ot

vii) It is heManag

URE V

S PERTAININNIES ACT, 2ERATION OF

ercentage incary during thn remunerati

me of Director/and Designati

vin S. Shah aging Directoti Y. Shah utive Directo

esh M. Shah -Executive Dind M. Shah -Executive Dirnendra B. Sh-Executive Dish J. Kuvadia-Executive Dish P. Shah f Financial Of

y M. Shah mpany Secretar

median remun00. financial yearwere 11 permge percentagenancial year neration for thkey parametedered by theneration Comher Employeeereby affirmegerial Personn

NG TO REM2013 READ WF MANAGER

crease in remhe financial yon of the emp

/KMPon

RemuDirect

Fina2

or 9

r 4

irector

irector hah irector a irector

fficer 7

ry 4

neration of em

r, there was amanent emploe increase ma2018-19 was

he same finaners for the ve Board of Dmmittee as pees.

ed that the remnel and other

MUNERATIOWITH RULERIAL PERSO

muneration oyear 2018-19 ployees of the

uneration of tor/KMP for ancial Year 2018-19

R

9,10,000

4,55,000

Nil

Nil

Nil

Nil

7,80,000

4,42,000

mployees of t

an increase of oyees on the rade in the sala 9.12% wher

ncial year wasvariable comDirectors baser the Remun

muneration p Employees.

Page 34

ON AS REQUE 5(1) OF TH

ONNEL) RUL

of each Direc and ratio ofe Company fo

% increase iRemuneration

the FinanciYear 2018-1

18.18%

16.67%

Nil

Nil

Nil

Nil

56.00%

9.68%

the Company

24.71% in theolls of Compa

aries of emploreas the aver 25.40%.

mponent of resed on the rneration Polic

paid is as per

UIRED UNDHE COMPA

LES, 2014

ctor, Chief Fif the remuneor the financia

in n in al 19

Ratio oeach D

remuner

N

N

y during the

e median remany as on 31st

oyees other thrage percenta

emuneration recommendacy for Directo

the Remune

ER SECTIONNIES (APPO

inancial Officeration of eacal year 2018-1

of RemuneratiDirector/to me

ration of emp

5.00

2.50

Nil

Nil

Nil

Nil

Not Applicable

Not Applicable

financial yea

muneration of t March, 2019

han the manaage increase

availed by ations of the ors, Key Man

ration Policy

N 197(12) OFOINTMENT

cer and Comch Director t

19 are as unde

ion of edian

ployees

e

e

ar 2018-19 wa

employees. 9. gerial personin the mana

the director Nominationnagerial Pers

for Directors

F THE AND

mpany to the er:

as Rs.

nnel in agerial

rs are n and sonnel

s, Key

COMPANCorporatestandardsbusiness esystem, enalso deveCompanytransparenSharehold BOARD OAs per ReRequiremshall havedirector a Veerhealtare ExecuIndepend BRIEF PR

1) Mr. Bh

from Mproduc

2) Mr. YoUniverTaxatioof ayu

3) Ms. ShMarke

4) Mr. Arand als

5) Dr. Dh37 yea

6) Mr. Mof Mumarket

NY’S PHILOSe Governances of professioethics in its dnabling the blop a structur

y’s philosophncy, account

ders, Deposito

OF DIRECTOegulation 17 o

ments) Regulae an optimumnd not less th

th Care Limiteutive Directo

dent Directors

ROFILE OF D

havin Shah (DMumbai Univction and pro

ogesh M Sharsity of Mumon. He has shrvedic medic

hruti Y. Shahets and she is

rvind M. Shaso has a vast

harnendra B. Srs.

itesh J. Kuvadumbai and is

ing and operat

COR

SOPHY ON Ce is an ongonalism, integ

dealings. Goobusiness to nore and metho

hy on Corporability and eors, Employee

ORS of the Securit

ations, 2015 (“m combinatiohan fifty perce

ed’s Board coors, one No.

DIRECTORS

DIN: 0312957versity. He caocurement ma

ah (DIN: 0016mbai. He carhown the wayines.

h (DIN: 0695Executive Wo

ah (DIN: 0164experience in

Shah (DIN: 00

dia (DIN: 032carrying his

tions.

RPORATE G

CORPORAToing process

grity, accountod Corporate ot only effectodology to surate Governaequity in all es, Creditors,

ties and Exch“SEBI Listing

on of executivent of the Boa

omprises of Sion-Executive

IS GIVEN B

74), Managingarries an enoanagement. H

69189), Directrries an immy from the fr

52245) (27 Yeoman Directo

45534) (61 yean the field of I

0229621) (70 y

256900) (28 ye own busines

Page 35

GOVERNANC

TE GOVERNA that ensureability, fairne Governance tively and effustain its survance envisagfacets of its Debtors and

hange Board og Regulationsve and non-eard of Directo

ix Directors, iNon-Indepe

ELOW:

g Director (38ormous experHe also has a v

tor (61 years)measurable kont to make

ears) has achor. She is look

ars) holds Bancome Tax an

years) is a pra

ears) holds Bass. He has mo

CE REPORT

ANCE es that the Cess, transpare is a critical dficiently achievival in a glob

ges the attain operations a Regulatory A

of India (Lists”) the Board

executive direors comprising

including oneendent Direc

8 Years), holrience of morvast experienc

) holds Bacheknowledge inVeerhealth C

hieved the dking after the c

achelor of Cond Sales Tax.

acticing Docto

achelor of Comore than four y

Company disency, social redoctrine to theve its corpobally compet

nment of theand in all inAuthorities.

ting Obligatiod of Directorsectors with atg non-executi

e woman director and thr

ds Master of re than 12 yece in the field

elor of Commn the field oCare Limited

egree of Baccompany com

mmerce degr

or with exper

mmerce degreyears of exper

splays the hiesponsivenes

he global econorate objectivetitive environe highest levteractions wi

ons and Discls of the Comt least one wive directors.

ector, of whicree Non-Exec

f commerce dears in the fied of Operation

merce degreeof Accountana leading pro

chelor in Finmpliances.

ree and LLB

rience of more

ee from Univrience in the fi

ighest ss and nomic es but

nment. els of ith its

losure mpany woman

ch two cutive

degree eld of ns.

e from ncy & ovider

ancial

(Gen)

e than

versity ield of

SELECTIConsideriin their repolicy decIndependattributesother comdeterminiappropria

The Boardto familiafurther uCompanythe freedothem for segments Personnelthe Chairm EVALUADuring thits Commout throucompositiand obligthe entireIndependoverall en BOARD MMr. Yoges31st March12/02/20 Attendandirectorsh

Name

Mr.

Mr. Y

Ms. Mr. A

Dr. DhMr. M

ON & TRAINing the requirespective fielcisions are co

dent Director, area of expe

mpanies by suing Directors’ate decision.

d members ararise with thepdated abou

y has completom to interac enabling a of which it il to discuss mman and Man

ATION OF THhe year, the Bo

mittees and ingh a structurion of the Boa

gations, govere Board and tdent Directorsngagement of

MEETING sh M. Shah, Dh, 2019, four19.

nce of each Dhips and chai

e of the Directo

Bhavin S. Shah

Yogesh M. Shah

Shruti Y. ShahArvind M. Shahharnendra B. ShMitesh J. Kuvad

NING OF INrement of skid/professiononsidered by rs on the Boertise and numuch persons in’ independen

re provided we Company’s ut their roles,te access to anct with the Cogood undersis a part. Furt

matters pertainaging Direct

HE BOARD’Soard adopteddividual Dire

red evaluationard and its Cornance issues,that of the Cs. The Direct the Board an

Director of the (4) Board M

Director at Boirmanships /

or No. ofMeeatten

h

h

h h hah dia

NDEPENDENill sets on then and who ca the Nominaoard. The Cmber of Direcn accordance nce. The Board

with necessary procedures a, rights and ny informatioompany’s mastanding of tther, they meining to the Ctor.

S PERFORMAd a formal meectors, includn process covommittees, ex, etc. The evahairman andtors were sat

nd its Commit

e Company, cMeetings were

oard Meeting membership

f Board etings nded

Lasatt

4

4

2 2 2 2

Page 36

NT DIRECTO Board, emin

an effectively tion and Rem

Committee, inctorships and with the Comd considers th

y documents,and practicesresponsibilit

on relating toanagement. Tthe Companyeet without thCompany’s af

ANCE echanism for eding the Chairvering variouxperience & caluation of thd the Non-Indtisfied with ttees with the

chairs the Boae held i.e. on

gs, last Annups of Commit

st AGM tended Di

o

Yes

Yes

No Yes No No

ORS nent people hy contribute tomuneration Cnter alia, co Membership

mpany’s Poliche Committe

, reports and s. All Indepeties in the Co the CompanThey are givey, its varioushe presence offairs and put

evaluating itsrman of the B

us aspects of tcompetencies

he Independendependent Dithe evaluatio

e Company.

ard Meeting. Dn 29/05/2018

ual General Mttees in variou

No. of other irectorship(s) aon 31-03-2019

Nil

3

Nil Nil Nil 2

having an indo the Compa

Committee, foonsiders qualps held in varicy for selectioee’s recomme

internal policendent DirectCompany. Eacny. Independen all the docs operations of the Compat forth their c

s performancBoard. The exthe Board’s fus, performancnt Directors wirectors was on results, w

During the fin8, 14/08/2018

Meeting and us companies

as No. of M

ChairmaComm

Compani

2

ependent stanany’s businesor appointmelification, poious committ

on of Directorndation, and

cies to enableors are awarch director o

dent Directorscuments soug and the indany’s Managecombined vie

ce as well as txercise was caunctioning su

ce of specific dwas carried ocarried out b

which reflecte

nancial year e8, 14/11/201

Number of s:

Membership(sanship(s) of Bomittees in othees as on 31-03-

Nil

Nil

Nil Nil Nil

2 (Member)

nding ss and ent, as ositive tees of rs and takes

e them re and of the s have ght by dustry ement ews to

that of arried uch as duties out by by the ed the

ended 8 and

other

s) / oard r

-2019

AUDIT CThe AudChairman The CommSEBI Listiexposure.shall be sa Four (4) 29/05/20 Attendanc

Mr

Dr. D

Mr. NOMINAThe NomArvind M The Nomand who recommendeterminiBoard a pemployee Two (2) mmeetings Attendanc– 2019 is a

MrDr. DMr.

COMMITTEEdit Committeen and Dr. Dha

mittee’s comping Regulatio The powers

ame as prescr

meetings of 18, 14/08/20

ce of member

Member

r. Arvind M.

Dharnendra B

Mitesh J. Ku

ATION ANDmination and M. Shah as Cha

mination and R may be appnd to the Boaing qualificatpolicy, relatin

es.

meetings of were held on

ce of memberas under:

Member r. Arvind M. Dharnendra B Mitesh J. Ku

E e comprises

arnendra B. Sh

position meeons. Memberss & role of Aribed in SEBI

the Audit C18, 14/11/201

rs of the Audi

Shah

B. Shah

uvadia

D REMUNERARemuneratioairman and D

Remunerationpointed in senard their apptions, positiveng to the re

the Nominatn 16/04/2018

rs of the Nom

Shah B. Shah uvadia

of three Indhah and Mr. M

ets with requis of the Aud

Audit commitListing Regul

Committee w18 and 12/02

it Committee

No. of M

ATION COMon CommitteeDr. Dharnendr

n Committee nior managemointment ande attributes amuneration f

tion and Rem and 14/11/2

mination and R

No. of M

Page 37

dependent DMitesh J. Kuv

irements of Sit Committeetee and revielations.

ere held dur2/2019.

during the F

Meetings Atten

4

4

4

MMITTEE e comprises ora B. Shah an

identifies perment in accod/or removaland independfor the Direc

muneration C018.

Remuneration

Meetings Atten2 2 2

Directors namvadia as mem

Section 177 ofe possess finaew of inform

ring the year

inancial Year

nded

of three Indend Mr. Mitesh

rsons who arordance with l. The Commdence of a Dctors, key m

Committee w

n Committee

nded

mely Mr. Armbers.

f the Companancial / acco

mation by the

r. The meetin

r 2018-19 is as

ependent Direh J. Kuvadia a

re qualified toh the criteria mittee formula

irector, and rmanagerial per

were held dur

during the Fi

rvind M. Sh

nies Act, 201unting exper Audit Comm

ngs were he

s under:

ectors namels members.

o become Direlaid down a

ates the criterrecommend trsonnel and

ring the year

inancial Year

ah as

3 and rtise / mittee

eld on

ly Mr.

ectors and to ria for to the other

r. The

2018

REMUNEThe Comannexed aexisting in Mr. Bhavrest were S. Shah agranted an The tenurrespectivewriting. conveyanoption to STAKEHThe StakeM. Shah a The Stakethe Compcomplaint Details of

Opening

Two (2) mwere held Attendanc2019 is as

Mr

Dr. D

Mr.

ERATION TOpany’s Remuas Annexurendustry pract

in S. Shah, M Non – Execu

and Ms. Shruny stock optio

re of office oe dates of appThere is no

nce/sitting feeany of its No

HOLDERS REeholders Relaas Chairman a

eholders Relapany’s transfts.

investor com

g Balance

0

meetings of thd on 16/04/20

ce of membe under:

Member

r. Arvind M.

Dharnendra B

Mitesh J. Ku

O DIRECTORuneration Pol II to the Di

tice.

Managing Dirutive Directoruti Y. Shah won to any of i

of the Managpointment an

o separate pes were paid n-Executive D

ELATIONSHItionship Comand Dr. Dharn

ationship Comfer of securit

mplaints receiv

Received duthe year

0

he Stakeholde018 and 14/11

ers of the Sta

Shah

B. Shah

uvadia

RS icy for Direc

irectors’ Repo

rector and Msrs. Salary draw

was Rs. 9,10,0its Executive D

ging Directornd can be term

rovision for to Non-Execu

Directors.

IP COMMITmmittee compnendra B. Sha

mmittee is prities and redr

ved and redre

uring r

Re

ers Relationsh1/2018.

keholders Re

No. of M

Page 38

ctors, Key Maort. The remu

s. Shruti Y. Swn annually 00 and Rs. 4Directors.

r and Wholeminated by ei payment outive Directo

TTEE prises of threeah and Mr. M

imarily resporessal of shar

essed during

esolved durinthe year

0

hip Committe

elationship C

Meetings Atten

2

2

2

anagerial Peruneration po

Shah were exfor the financ

4,55,000 respe

e-time Directoither party by

of severance rs. The Comp

e IndependenMitesh J. Kuva

onsible to revreholders’ /

the year 2018

ng Closin

ee were held

Committee du

nded

rsonnel and oolicy is in con

ecutive direccial year 2018ectively. The

or is for fivey giving thre

fees. Durinpany has not

nt Directors nadia as memb

view all matte investors’ /

8-19 are as fol

ng Balance

0

d during the y

uring the Fina

other employnsonance wit

ctors on the B8-19 by Mr. BCompany ha

e years frome months not

ng the year, granted any

namely Mr. Aers.

ers connected/ security ho

llows

year. The mee

ancial Year 2

yees is th the

Board, Bhavin as not

m their tice in only stock

Arvind

d with olders’

etings

2018 –

GENERA The detail

MEETIN

24th AG

25th AG

26th AG

DISCLOSNone of Attention35 of Stanare negoti During thMarket anBoard of I INTERNAThe Comoperation WHISTLEThe Compfor reportPolicy unCode of CDuring th

AL MEETING

ls of last three

NG DATEO

GM 30-09-2

GM 29-09-2

GM 28-09-2

SURES the transacti of members

ndalone Finaniated on arm’

he last three ynd no penaltIndia or any o

AL CONTROmpany has adns of the Comp

E BLOWER Ppany promotting illegal order which theConduct. The

he year under

GS

e Annual Gen

E AND TIMEOF AGM 016 at 11.30 AM

017 at 11.30 AM

018 at 11.30 AM

ions with an is drawn to tncial Statemens length basis

ears, there weies were imp

other statutor

OLS equate internpany.

POLICY es ethical behr unethical bee employees ae reportable m review, no em

neral Meeting

E

M 6, New NMahakali

(East)

M 6, New NMahakali

(East)M 6, New N

Mahakali(East)

ny of related the disclosurents, forming s and are inte

ere no instancposed on the ry authority o

nal controls i

haviour in allehaviour. Thare free to repmatters may mployee was

Page 39

gs of the Comp

PLACE

Nandu Industriai Caves Road, A), Mumbai- 400



parties weree of transactipart of the Anded to furth

ce of non comcompany byn any matter

in place cons

l its business e Company hport violation be disclosed denied acces

pany are as u

al Estate, Andheri 0093.

1. TCsh

2. TMth


No the


1. RS

2. RDIn

3. RKD

e in conflict ions with rela

Annual Reporher the Comp

mpliance of any Stock Excha relating to ca

sidering the c

activities andhas a Vigil M

ns of applicabd to the Chairss to the Audi

under:

SPECIAL RPAS

To consolidate eCompany fromhare.

To amend Memorandum he Company. Special Resolu meeting.

Re-appointmenShah as an IndeRe-appointmenDharnendra Bndependent Di

Re-appointmenKuvadia as Director.

with the Coated parties st. All related any’s interest

ny matter relaanges or Secuapital markets

complexity, s

d has put in pMechanism anble laws and rrman of the it Committee

RESOLUTIONSSED equity shares o

m Re. 1 to Rs. 10

Clause V of Associatio

ution was pass

nt of Mr. Arvinependent Direcnt of B. Shah as irector.

nt of Mr. Man Indepen

ompany’s intset out in Not party transacts.

ating to the Curities & Exchs.

size and natu

place a mechand Whistle Bregulations anAudit Comm.

N

of the 0 per

of on of

ed in

nd M. ctor.

Mr. an

Mitesh ndent

terest. te No. ctions

Capital hange

ure of

anism Blower nd the mittee.

MEANS O QuarterlyThe Boardresults as to all the S Website The Comwhere shafriendly a SEBI ComThe invesfeatures o(ATRs) an GENERA CompanyThe Com(CIN) allo Annual G

D

Financial April to M Date of BTuesday, Listing on 1. BSE L

PhiroPh: 02

2. Metro

VibgyOpp. MumPh: 02

Payment The Comp

OF COMMU

y Results d of Directors per the formStock Exchan

mpany’s websareholders’ in

and download

mplaints Redstor complainof this systemnd online view

AL SHAREHO

y Registrationmpany is regisotted to the Co

General Meet

Day, Date & TVenue

Year March

ook Closure 24th Septemb

n Stock Excha

Limited (BSE) ze Jeejeebhoy22-2272 1233;

opolitan Stockyor Towers, 4Trident Hotebai – 400098. 22-6112 9000;

of Listing Fepany has paid

UNICATION

s of the compmat prescribednges where the

site (www.venformation isdable form.

ress System (nts are process

m are Centraliswing by inves

OLDERS INF

n Details stered in theompany by th

ing

Time

er, 2019 to M

ange

Scrip Code: 5y Towers, Dal Fax: 022-2272

k Exchange ofth floor, Plot

el, Bandra Kur Fax: 022-2654

es d Listing Fees

pany approved by the Stocke shares of th

eerhealthcares available. Th

(SCORES) sed in a centrsed database stors of action

FORMATION

e State of Mahe Ministry o

M6, New N

onday, 30th Se

503657; ISIN: lal Street, Mu2 1919; Email:

f India Limite No C 62, G - rla Complex,

4 4000; Email:

s for the year

Page 40

es and takes ok Exchange onhe Company a

.net) containhe Company’

ralised web-bof all compla

ns taken on th

N

aharashtra, Inf Corporate A

onday, 30th SeNandu Indus

Andheri (E

eptember, 201

INE882C0103mbai – 40000: corp.comm@

ed (MSEI); SyBlock, Bandra (E),

: corporatecom

2019-20 to BS

on record then quarterly bare listed.

ns a separate’s Annual Re

based complaaints, online uhe complaint a

ndia. The CoAffairs (MCA

eptember, 201strial Estate, MEast), Mumba

19 (both days

35 01. @bseindia.com

ymbol: VEERH

mpliance@ms

SE & MSEI wi

e Un-audited/basis. The resu

e dedicated eport is also a

aints redress supload of Actand its curren

orporate Iden) is L65910MH

19 at 11.30 A.Mahakali Cavai – 400 093.

s inclusive).

m.

HEALTH

sei.in.

ithin due date

/Audited finults are annou

section ‘Inveavailable in a

system. The stion Taken Rent status.

ntification NuH1992PLC067

.M. ves Road,

e.

ancial unced

estors’ a user-

salient eports

umber 7632.

Payment The Comp RegistrarsPurva ShaUnit No. Mumbai –Ph: 022-23 ShareholdDemat, Re DEMATE96.76% ofTrading in Mode of H

The Comservices othe above National Trade WoPh: 022-24 Central DMarathonLower PaPh: 022-23 PLANT L Plot No. 2 ADDRES Regd OffiTel: 022-2Email: inf

N2

of Depositorpany has paid

s and Transfearegistry (Ind9, Shiv Shak

– 400011. 301 6761/2301

ders are requemat, Change

ERIALIZATIOf the Compann Equity Shar

Holding

mpany has enof dematerialie depositories

Securities Deorld, A Wing, 499 4200; Fax:

Depository Sen Futurex, Unrel, Mumbai 4302 3333; Ema

LOCATION

224, Vibrant B

SS FOR CORR

ice: 629-A, Ga2018582; Fax

fo@veerhealth

NSDL 2758557

ry Fees d Annual Cus

er Agents dia) Pvt. Ltd. kti Ind. Estt,

1 8261; Fax: 0

uested to adde of Address,

ON OF SHAny’s paid-up res of the Com

ntered into anization of equ for demateri

epository Lim 4th Floor, Kam: 022-2497 635

ervices (Indianit No. 2501,400013. ail: helpdesk@

Business Park,

RESPONDEN

azdar House, x: 022-2207264hcare.net; We

stodial fees fo

J. R. Boricha

22-2301 2517;

dress their co Change of Ba

RES equity share

mpany is perm

n agreementuity shares. Salization of th

mited (NSDLmala Mills Co51; Email: info

a) Limited (CD 25th Floor,

@cdslindia.co

, Opp. UPL, N

NCE

1st Floor, Nea44; bsite: www.v

CDSL 3951358

Page 41

or the year 201

a Marg, Opp.

; Email: suppo

orrespondencank Mandate

e capital has mitted only in

with the foShareholders cheir Shares.

L) ompound, [email protected].

DSL) A-Wing, Ma

m.

National High

ar Kalbadevi P

veerhealthcare

19-20 to NSD

. Kasturba H

ort@purvasha

ce relating to etc. to the ab

been dematen dematerializ

ollowing depcan approach

ower Parel, M

afatlal Mills C

hway No. 8, V

Post Office, J.

e.net.

PHYSICAL 224323

DL and CDSL

Hospital Lane

are.com.

Share Transbove address o

erialized uptozation form.

ositories, whh the deposito

Mumbai - 4000

Compound, N

Vapi - 396191

.S.S. Marg, M

within due d

e, Lower Pare

sfer, Transmionly.

o 31st March,

hich are provory participa

013.

N. M. Joshi M

.

Mumbai – 400 0

TOTAL 6934238

ate.

el (E),

ission,

2019.

viding ants of

Marg,

002.

SHAREH Share hold

CAT

A. Promo- Indian P- NRI Pro- Bodies CB. Non-PHolding InstitutioNon InstiBanks, FIGRAND

HOLDING PA

ding pattern o

TEGORY

oters’ HoldingPromoters omoters Corporate Promoters

ons itutions IIs TOTAL

DISTRIB

SHARENOMINAL

(1) UPTO

5001 TO

10001 TO

20001 TO

30001 TO

40001 TO

50001 TO

100001 AND

TOTA

MAMJuJu

AuSept

OctNovDece

JanFeb

M

ATTERN

of the Compa

PHYS

No. of share

g Nil Nil Nil Nil 224323 Nil 224323

UTION SCH

OF VALUE H

5000

10000

20000

30000

40000

50000

100000

ABOVE

AL

MONTH April 2018 May 2018 une 2018 uly 2018

ugust 2018 tember 2018 tober 2018

vember 2018 ember 2018

nuary 2019 bruary 2019 arch 2019

any as on 31st

SICAL

e %

3.24

3.24

HEDULE ON

NO. OF HOLDERS

(2) 2805

438

258

90

43

55

62

60

3811

STOCK MA

Page 42

March, 2019

ELEC

No. of share

2548641 Nil Nil Nil 4161274 Nil 6709915

SCRIP VALU

% OF HOLDERS

(3) 73.60

11.49

6.77

2.36

1.13

1.44

1.63

1.58

100.00

ARKET PRICE

HIGH 17.35 16.00 13.78 11.50 11.45 13.00 12.00 12.40 9.75 9.45 9.00 8.35

is as under:

CTRONIC

e %

36.7

60.0

96.7

UE (AS ON 3

S TOTA

AMOU(4)

504645

381508

398551

232369

155181

261328

471879

4528777

6934238

E DATA

T

No. of sh

75 2548641 Nil Nil

01

Nil 4385597 Nil

76 6934238

31st MARCH,

AL UNT )

%AM

50.00

80.00

0.00

90.00

0.00

80.00

90.00

70.00 6

80.00 1

LOW 12.00 11.56 9.55 9.52 9.88 9.25 7.51 8.60 9.00 8.13 7.22 7.00

TOTAL

hare %

36.7

63.2

100.0

, 2019)

% OF MOUNT

(5) 7.28

5.50

5.75

3.35

2.24

3.77

6.81

65.30

00.00

75

25 00

COMPLIACertificatecondition MD / CFOThe Manafinancial Director a CODE OFAll boardConduct fthe Compa part of t

Place: MuDate: 13th

It is herebaffirmed aended 31s

Place: MuDate: 13th

ANCE CERTe from the Cs of Corporat

O CERTIFICAaging Directoreporting an

and the Chief

F CONDUCTd Members anfor the year e

pany (www.vthis report.

umbai h August, 201

DECLAR

by confirmed adherence to st March, 2019

umbai h August, 201

TIFICATE OFCompany’s Aute Governance

ATION or and the C

nd internal co Financial Off

T DECLARATnd senior manended 31st Ma

veerhealthcare

19

RATION REG

that all the M and complian9.

19

F AUDITOR uditor, M/s. e is attached t

Chief Financiaontrols to theficer is publis

TION nagement perarch, 2019. The.net). The de

GARDING A

Members of tnce with the C

Page 43

M. H. Dalal to this Report

al Officer of e Board. Theshed in this Re

rsonnel have he Model Codeclaration from

Sd/- Bhavin S. ShManaging D

AFFIRMATIO

he Board andCode of Cond

& Associatet.

the Compane annual certeport.

affirmed thede of Conducm the Manag

By O

hah

Director

ON OF CODE

d Senior Manduct laid dow

es, confirming

ny give annutificate given

eir compliancect is available

ging Director t


E OF CONDU

nagement of twn by the Com

For Veerhe

M

g compliance

ual certificatio by the Man

e with the Coe on the websto this effect


Sd/- Yogesh M. Director

UCT

the Companympany for the

ealth Care Lim

Sd/-Bhavin S.

Managing Dir

e with

on on naging

ode of site of forms

ectors mited

Shah

y have e year

mited

- Shah rector

To, The BoardVeerhealt Dear mem

We, Mr. BCare Limi

1. We haCompa

2. These necesswere m

3. The fimaterioperatin com

4. There or viol

5. We accwe hareportiinterna

6. We hai) thii) th

haiii) th

Place: MuDate: 13th

d of Directorsth Care Limite

mbers of the B

Bhavin S. Shahited, to the be

ave reviewed any and all th

statements dary to make

made, not mis

inancial stateial respects ations and cash

mpliance with

are no transalative the Com

cept responsive evaluateding. We haveal controls.

ve indicated that there are nhat there are ave been disc

hat there are n

umbai h August, 201

s ed

Board,

h, Managing est of our kno

the Balance he notes on ac

do not contaithe statemen

sleading with

ements, and a true and fah flows of the the existing a

actions enterempany’s Code

ibility for estad the effectivee not come a

to the Auditono significant no significan

closed in the nno instances o

19

MD AND CF

Director andowledge and b

Sheet, Statemccounts and th

in any maternts made, in h respect to th

other financir view of th

e Company asaccounting sta

ed into by thee of Conduct.

ablishing andeness of Com

across any rep

ors and the Au changes in in

nt changes innotes to the finof significant f

M

Page 44

FO CERTIFIC

Mr. Akash Pbelief, certify

ment of Profithe Board’s re

rially untrue light of the ce period cove

ial informatihe Company’s at, and for, andards and

e Company d

d maintaining mpany’s interportable defi

udit Committnternal contron accounting nancial statemfraud of whic

Sd/- Bhavin S. SManaging D

CATION

P. Shah, Chief that:

t and Loss aneport.

statement ocircumstancesered by this re

ion included ’s affairs, thethe periods p / or applicab

during the ye

g internal contrnal control siciencies in th

tee: ol over financpolicies duri

ments; and ch we have be

Shah irector

f Financial Of

nd Cash Flow

or omit to stas under whiceport.

in this repoe financial copresented in tble laws and r

ear which are

trols for finansystems pertahe design or

cial reporting ing the year

ecome aware.

Chief

fficer of Veerh

w Statement o

ate a materiach such statem

ort, present ondition, resuthis report, anregulations.

fraudulent, i

ncial reportinaining to fin operation of

during the yeand that the

.

Sd/ Akash P. f Financial Of

health

of the

al fact ments

in all ults of nd are

illegal

ng and ancial f such

ear; same

/ Shah fficer

To, The MemVeerhealt We have (‘the ComExchangeRegulatio The compexaminatiCompanynor an exp In our opcertify thaabove me We state efficiency

Place: MuDate: 28th

AU

bers th Care Limite

examined thmpany’), for the Board of Indns’) as referre

pliance of conion has been

y for ensuringpression of op

pinion and toat the Compantioned Listin

that such com or effectiven

umbai h May, 2019

UDITORS’ CE

ed,

e compliancehe year endeddia (Listing Oed to in Regu

nditions of Cn limited to rg compliance wpinion on the

o the best of any has compng Agreemen

mpliance is nness with whic

ERTIFICATE

e of conditiond on 31st MarObligations alation 15(2) o

Corporate Goreview the prwith the cond financial stat

our informatplied with thent / Listing Re

either an assuch the manag

Page 45

E ON CORPO

ns of Corporarch, 2019, as pnd Disclosurf the Listing R

overnance is rocedures anditions of the tements of the

tion and accoe conditions oegulations, as

urance as to gement has co

ORATE GOV

ate Governanper the relevare RequiremeRegulations.

the responsibnd implemen Corporate Goe Company.

ording to theof Corporate Gs applicable.

the future viaonducted the a

VERNANCE

nce by Veerheant provision

ents) Regulati

bility of the ntation thereo

overnance. It

e explanationGovernance a

ability of the affairs of the

For M. H. D Chart Firm R

Memb

ealth Care Lins of Securitieions, 2015 (‘L

managementof, adopted b is neither an

ns given to uas stipulated

Company no Company.

Dalal & Assotered Accoun

Regn. No. 1124

Devang M.

Pabership No. 1

mited es and Listing

t. Our by the audit

us, we in the

or the

ciates ntants 449W

Sd/- Dalal artner

109049

To, The MemVeerhealtMumbai Sub: Cert(Listing O Accordingrecords anMarch 31RequiremBoard of directors statutory

Place: MuDate: Ma

CER(Pursuan

(List

mbers th Care Limit

tificate undeObligations a

g to the infornd document1, 2019 with

ments) Regula the Companby the Securauthority.

umbai ay 28, 2019

RTIFICATE Ont to Regulatiing Obligatio

ted

er Regulationand Disclosur

rmation and ets related to th respect to ations, 2015 [ny have beenrities and Ex

OF NON-DISion 34(3) and ons and Discl

n 34 and Schre Requireme

explanations the Directors the regulat“Listing Regn debarred o

xchange Boar

Page 46

SQUALIFICA Schedule V Plosure Require

hedule V ofents) Regulat

given to us a of the Veerhtion 34 of Sulations”], w

or disqualified of India /

ATION OF DPara C clause

ements) Regu

f Securities ations, 2015

and based onhealth Care LSEBI (Listing

we certify thaed from beinMinistry of

DIRECTORS (10)(i) of the ulations, 2015

and Exchang

n the verificatLimited (“the g Obligationat none of thng appointedCorporate A

ACS No. 45

SEBI 5)

ge Board of

tion of the rel Company”)

ns and Disclhe directors od or continuiAffairs or any

Sd Nidhi 5720, CP No. 1

India

levant as on losure on the ng as

y such

d/- Shah 16854

Industry AyurvedaIndia, it iages. Thea Nationa India has dense forduring thdeveloped SWOT An Strengths

P Pr T

pr T T

Weakness

C R P T T

im Opportun

A Sp

an U N E

Structure anda is a system s extremely prefore, Ayurv

al Ayurveda D

never been lrests. As a rehe vedic period medical con

nalysis

s

ortrayal as a hroducts are bhe company products are 1he Company he company h

ses

Cut throat comRevenue is dep

enetration prhe Company he Drugs & M

mposing a lim

nities

Ayurvedic propirituality or nd the Middl

Use of unconvNatural and tr

xpansion in t

MANA

d Outlook of medicine cpopular and evedic productDay in India.

low on plantsesult, India isod and later ncepts and pr

healthy ayurvased on herbaproduces 10000% cruelty f has an extenshas a strong m

mpetition frompendent on feicing is not a does not havMagic Remed

mitation on the

oducts are em anything rele East. entional methaditional apperms of intro

AGEMENT D

classified undeven considets and medic

s or vegetatios one of the lsome of the

ractices that ap

vedic option aal formulation

0% natural profree. sive range of manufacturin

m existing andew main prod long term sus

ve any direct odies Act, 1954e marketing a

merging as a colated to myst

hods of brandproaches are bduction of ne

Page 47

DISCUSSION

der a form of cered mythicalines are extre

on and we geleaders in Aynon-vedic syppear in the c

as compared n and do not oducts which

Ayurvedic mng base having

d new entrantducts which isstainable straoutlets. 4 provides foand publicity

ompeting alteticism is pop

d promotion abeing acceptedew product lin

N & ANALYS

complemental with originsemely sell-abl

et a lot of natyurveda. Ayuystems such classical Ayur

to competitor have side eff

h are not teste

medicines. g an able infr

ts in the marks not sustainaategy in order

or prohibition material.

ernative to thepular among t

and advertisind worldwidene.

SIS

ary and alterns going as farle goods in In

turally grownurveda develas Buddhismrveda texts.

rs in FMCG fects. ed on animals

rastructure.

ket. able in the lonr to earn profi

n of certain ad

e biopharmacthe inhabitan

ng. e.

native medicir as the prehindia. There is

n medicines iloped signific

m and Jainism

s, thus the ran

ng run. it.

dvertisements

ceutical marknts of Africa,

ine. In istoric s even

in our cantly

m also

nge of

s thus

ket. Asia,

Threats

N T

anth

FM T

th P

pr

Risks Companyexternal ropportunalong witha continuo Internal cOur govereporting that all thaudits to and suppmanagemwith the considereoperates mwhile mai Financial Veerhealtperforman Human RThe positiand inculcincreases enriching CautionarThe statemapplicableupon the

Negative wordhe change in nd cosmetics,herapeutic traMCG compethe allopathy

heir products oor farming sroduct.

y classifies thrisks mainly ities are delibh the mitigatious basis acro

control systemernance and c ensure that a

he transactiontest complianorted by exp

ment to create requirementd by the Aumeans that mintaining ope

Performanceth Care has bnce is publish

Resources ive and motivcates a positivtheir potentia experience fo

ry Statementments made ae laws and rebusiness stru

d of mouth on product patt, and the failuadition and itstitors coming players are of through medseason can he

he risks broadcomprises ofberated in deion plan. Theoss the locatio

ms and their compliance pall the assets

ns are properlnce with the serienced pers detailed actis. Key findindit Committe

many of its actierational integ

e been a consished in the Ann

vating work eve spirit amonal and growthor the multi-g

t above may be

egulations. Acucture and mo

n social mediaern and impoure of regulats clinical valu up with Ayuf major threat

dical represeneavily affect b

dly into two f business risetail and there internal riskons.

adequacy processes, wh of the Compy authorized,

statutory requsonnel drawnion plans whengs are repoee of the Boaivities are higgrity.

stent value crnual Report.

environment ng the workfoh in various m

generational,

e construed actual performodel from tim

Page 48

a can prove dortance givention systems, ue in future. urvedic produt as they inve

ntatives. business as it

categories, vsks on varioureafter consids identified b

hich include tpany are safeg, recorded an

uirements. Aun from acrossere the busin

orted to senioard. The natughly regulated

reator for all

of the compaorce. Employmatters. Wordiversified an

as forward lomance of the C

e to time.

detrimental ton by most of th which may h

uct variants. est heavily on

t is dependen

viz., External us fronts. Thedered in the by the Board a

the review ofguarded and

nd reported. Iudits are led bs the organizanesses have noor managem

ure of the indd by health, s

its stakehold

any advancesyees are nurturking in the cnd mobile wo

ooking statemCompany ma

o the brand sahe firms towahamper the sp

n advertising a

nt on natural

Risks and Ine identified bbusiness planare systemati

f internal con protected agIt also conducby professionation. Audit rot yet achiev

ment and sumdustries in wsafety and env

ders. Detail r

s innovation eured within thompany has

orkforce.

ments within tay vary substa

ales. ards nutraceupread of ayur

and distribut

ingredients f

nternal Risksbusiness riskn of the Comcally address

ntrol over fingainst any loscts regular innal audit manresults are used full comp

mmary reportwhich the com

vironmental n

regarding fin

encourages grhe company, walways made

the meaning antially depen

uticals rvedic

tion of

for its

s. The ks and mpany sed on

ancial ss and

nternal nagers sed by liance ts are

mpany norms

ancial

rowth which e it an

of the nding

To The MemVeerhealt Report on 1. Opini We have acomprise changes istatement In our opaforesaid required generally comprehe 2. Basis We condu143(10) ofthe AuditindependAccountastatementfulfilled oWe believour opinio 3. Key A Key auditaudit of th 4. Mana The CompAct, 2013 true and fCompanyaccountinmaintenansafeguardirregularitpolicies; m

bers of th Care Limit

n the Audit o

ion

audited the st the balance in equity andts, including a

pinion and to standalone fand give a tr accepted in Iensive income

for Opinion

ucted our auf the Compantor’s Responsient of the Conts of India tts under the our other ethive that the auon.

Audit Matters

t matters are he financial st

agement’s Re

pany’s Board (“the Act”) wfair view of thy in accordanng Standardsnce of adeq

ding of the ties; selection

making judgm

IN

ted

f the Standal

tandalone finsheet as at 3d statement a summary of

o the best of financial staterue and fair vIndia, of the e, changes in

udit in accordnies Act, 2013ibilities for thompany in acogether with provisions of

ical responsibudit evidence

s

those mattertatements of t

sponsibility

of Directors iwith respect the financial pnce with thes specified uquate accoun

assets of thn and applicaments and esti

DEPENDEN

lone Financia

nancial statem31st March 20of cash flow

f significant a

our informatements give view in confostate of affairequity and its

dance with th3. Our responhe Audit of tccordance wi the ethical ref the Compan

bilities in acco we have obt

s that, in ourthe current pe

for the Stand

is responsibleto the preparaosition, finan

e accounting under section

nting recordse Company ation of apprimates that ar

Page 49

T AUDITOR

al Statements

ments of Veerh019, and the

ws for the yeaccounting po

tion and accothe informat

ormity with trs of the Coms cash flows f

he Standards nsibilities undthe Financial th the Code ofequirements tnies Act, 201ordance with ained is suffi

r professionaleriod. There a

dalone Financ

e for the mattation of these

ncial performa principles gn 133 of th

s in accordaand for pre

ropriate implere reasonable

RS REPORT

s

health Care Li statement ofear then endolicies and oth

ording to thetion requiredthe Ind AS a

mpany as at Mfor the year en

on Auditingder those StanStatements se

of Ethics issuethat are relev13 and the Ruh these requireicient and app

l judgment, ware no key au

cial Statemen

ters stated in se standalone ance, changesgenerally acche Act. Thisance with theventing andementation a and prudent

imited (“the Cf Profit and ed, and note

her explanato

e explanationd by the Act and other accMarch 31, 201nded on that

g (SAs) specifndards are fuection of ou

ed by the Instvant to our auules there unements and tpropriate to p

were of most udit matters to

nts

section 134(5)financial stat

s in equity ancepted in Inds responsibilhe provisiond detecting and maintenat; and design,

Company”), wLoss, statemees to the fin

ory informatio

ns given to u in the mann

counting prin19, and profitdate.

fied under seurther describur report. Wtitute of Char

udit of the finnder, and wethe Code of Eprovide a bas

significance io communicat

) of the Comptements that g

nd cash flows dia, includinlity also inc

ns of the Acfrauds and

ance of accou implementat

which ent of ancial on.

us, the ner so nciples t, total

ection bed in

We are rtered ancial

e have Ethics. sis for

in our te.

panies give a of the

ng the cludes ct for other

unting tion

and mainaccuracy afinancial sfraud or e In preparcontinue going concease opefor overse 5. Audit Our objecfree fromincludes oaudit conMisstatemaggregatebasis of th

6. Other There is n 7. Repor As requirGovernm“Annexurapplicable 8. As req

(a) Wkn

(b) Infa

(c) Tth

(d) InStR

(e) Ota20

(f) WC“A

ntenance of adand completestatement thaerror.

ing the finanas a going co

ncern basis orations, or ha

eeing the Com

tor’s Respons

ctives are to om material mi

our opinion. nducted in acments can arie, they could hese financial

r Matter

no other matte

rt on Other L

red by the Cent of India inre B” a stateme.

quired by Se

We have sougnowledge andn our opinionar as it appearhe Balance Sh

his Report aren our opiniotandards spec

Rules, 2014. On the basis oaken on recor019 from bein

With respect tCompany and

Annexure A”

dequate interneness of the aat give a true a

cial statemenoncern, disclo

of accounting as no realistic mpany’s finan

sibilities for t

obtain reasonsstatement, wReasonable accordance wiise from fraureasonably b statements.

er which need

Legal and Reg

Companies (An terms of subment on the

ction 143(3) o

ght and obtaid belief were

n, proper boors from our exheet, the Statee in agreemenon, the aforecified under S

of the writtenrd by the Boang appointed to the adequd the operati.

nal financial accounting recand fair view

nts, managemosing, as app unless mana alternative b

ncial reporting

the Audit of

nable assurancwhether due assurance is aith SAs will ud or error

be expected to

ds reporting h

gulatory Requ

Auditor’s Repb-section (11)matters spec

of the Act, we

ined all the necessary for

oks of accountxamination ofement of Pro

nt with the bosaid standaloSection 133 o

n representatird of Directo as a director acy of the ining effectiven

Page 50

controls, thatcords, relevan

w and are free

ment is responplicable, mattagement eith

but to do so. Tg process.

the Financial

ce about wheto fraud or e

a high level oalways dete

and are cono influence th

here.

uirements

port) Order, ) of section 14cified in para

e report that:

information r the purposet as required f those books

ofit and Loss, oks of accounone financial

of the Act, rea

ions receivedrs, none of thin terms of Se

nternal financness of such

t were operatnt to the prep from materia

nsible for asseters related to

her intends toThose Board o

l Statements

ether the finaerror, and toof assurance,

ect a materiansidered matehe economic

2016 (“the O43 of the Comagraphs 3 and

and explanates of our audit by law have

s. and the Cashnt. l statements ad with Rule

d from the dihe directors isection 164 (2) cial controls

h controls, re

ting effectivelparation and pal misstateme

essing the Coo going conco liquidate thof Directors a

ncial statemeo issue an au but is not a

al misstatemeerial if, indivdecisions of u

Order”), issuempanies Act, 2

d 4 of the Or

tions which t.

e been kept b

h Flow Statem

comply wit 7 of the Com

irectors as ons disqualified of the Act. over financia

efer to our s

ly for ensurinpresentation

ent, whether d

ompany’s abilcern and usinhe Company are also respon

ents as a whouditor’s repor guarantee th

ent when it evidually or iusers taken o

ed by the C2013, we give rder, to the e

to the best o

by the Compa

ment dealt wi

th the Accoumpanies (Acco

n 31st March,d as on 31st M

al reporting oseparate Repo

ng the of the

due to

lity to ng the or to nsible

ole are rt that hat an exists. in the on the

entral in the extent

of our

any so

ith by

unting ounts)

, 2019 March,

of the ort in

(g) W11ini. ii

iii

For M. H.CharteredFirm Regi Sd/- Devang DPartner Membersh Place: MuDate: 28th

With respect to1 of the Comnformation an

The Comp. The Comp

there werei. There has

Education

. Dalal & Assd Accountantsistration No.1

Dalal

hip No.10904

umbai h May, 2019

o the other mmpanies (Audnd according pany does notpany did not he any material been no dela and Protectio

sociates s 112449W

49

matters to be idit and Auditto the explan

t have any penhave any longl foreseeable lay in transferon Fund by th

Page 51

ncluded in thtors) Rules, 2

nations given tnding litigatiog-term contralosses. ring amountshe Company.

he Auditor’s R2014, in our oto us: ons which canacts including

s, required to

Report in accopinion and

n impact its fg derivative c

o be transferr

cordance withto the best o

financial positcontracts for w

red, to the Inv

h Rule of our

tion; which

vestor

AnnexureReferred Veerhealt Report onSection 14 1. We h

(“the statem

Managem

2. The CcontroconsidInternof Indadequefficieassetsaccouthe A

Auditors’ 3. Our r

reporAuditStandappliccontroethicaadequsuch c

4. Our a

internof intefinanctestinassessthe ris

5. We be

for ou

e-A to the Indto in paragr

th Care Limite

n the Internal43 of the Com

ave audited tCompany”)

ments of the C

ment’s Respon

Company’s mols based on dering the esnal Financial Cdia (ICAI)”. uate internal ent conduct os, the prevenunting recordct.

’ Responsibil

esponsibility ting based ont of Internal

dards on Audcable to an aol and both isal requiremenuate internal controls oper

audit involvenal financial cernal financiacial controls g and evalused risk. The psks of materia

elieve that thur audit opini

dependent Auraph 8(f) of ted on the Ind

l Financial Cmpanies Act,

the internal f as of MarchCompany for

nsibility for I

management “the internal

ssential compControls OveThese respo

financial conof its businessntion and dets, and the tim

lity

is to express n our audit. Financial Cditing deemeudit of internssued by ICAnts and plan financial conated effective

es performincontrols systemal controls ovover financia

uating the deprocedures seal misstateme

he audit evideion on the Com

uditors Repothe Independ AS financial

Controls over 2013 (“the Ac

financial conth 31, 2019 inthe year ende

Internal Fina

is responsibl control overponents of iner Financial Rensibilities incntrols that ws, including atection of framely prepara

an opinion oWe conducte

Controls Overed to be presnal financial

AI. Those Stanand perform

ntrols over finely in all mate

ng proceduresm over financer financial real reporting, esign and opelected depenent of the Ind

ence we have mpany’s inte

Page 52

ort dent Auditors statements fo

financial repct”)

trols over finan conjunctioned on that dat

ancial Control

ble for estabr financial repternal controeporting issuclude the de

were operatinadherence to auds and erration of reliab

n the Compaed our audit r Financial Rscribed undecontrol, both

ndards and th the audit to nancial reporterial respects.

s to obtain acial reportingeporting incluassessing the

perating effecnd on the aud AS financial

obtained is srnal financial

s’ Report of or the year en

porting under

ancial reportin with our te.

ls

blishing and porting criterol stated in thed by the Inst

esign, implemng effectively company’s p

rors, the accuble financial i

any's internal in accordanReporting (ther section 14

h applicable the Guidance N obtain reasoting was esta

audit evideng and their opuded obtainine risk that a ctiveness of

ditor’s judgme statements, w

sufficient andl controls syst

even date tonded March 3

r Clause (i) o

ing of Veerheaudit of the

maintaining ria establishedhe Guidance titute of Char

mentation any for ensuringpolicies, the suracy and coinformation,

financial connce with the Ghe “Guidanc

43(10) of the to an audit ofNote require nable assuran

ablished and

nce about theperating effectng an underst material weinternal con

ent, includingwhether due t

d appropriatetem over fina

o the membe1, 2019:

of Sub-section

ealth Care Li Ind AS fin

internal find by the Com Note on Aurtered Accoun

nd maintenang the orderlysafeguarding

ompleteness oas required u

trols over finGuidance Noe Note”) anAct to the e

f internal finathat I complynce about wh maintained a

e adequacy otiveness. Our tanding of in

eakness existsntrol based og the assessmto fraud or err

to provide aancial reportin

ers of

n 3 of

mited ancial

ancial mpany udit of ntants nce of y and of its of the under

ancial ote on

nd the extent ancial

y with hether and if

of the audit

nternal s, and

on the ment of

ror.

a basis ng.

Meaning 6. A com

reasonfinancprinciprocefairly assurastatemreferrVeer 31, 20manaprevethat c

Inherent 7. Becau

the poto errfinancfinancor tha

Opinion 8. In ou

systemoperacriteribusinAuditAccou


of Internal F

mpany's intenable assurancial statemeniples. A comp

edures that (1 reflect the trance that tra

ments in accred to in paraEnergy & Inf019 expendituagement and ention or timeould have a m

Limitations o

use of the inhossibility of coror or fraud mcial controls cial control oat the degree o

ur opinion, thm over finanating effectiveia established

ness considerit of Internal untants of Ind


Dalal

hip No.10904

umbai h May, 2019

Financial Con

rnal financiance regardingnts for exterpany's interna1) pertain to transactions anansactions areordance with

agraph 11(f) ofrastructure Lures of the c directors of

ely detection omaterial effect

of Internal Fi

herent limitatollusion or immay occur anover financiaver financial of compliance

he Company ncial reportingely as at Mad by the Coming the essenFinancial Con

dia.

sociates s 112449W

49

ntrols Over Fi

al control oveg the reliabilirnal purposeal financial cothe maintenand dispositioe recorded ah generally of the IndepeLimited on thcompany are f the compaof unauthorizt on the Ind A

inancial Cont

tions of internmproper manand not be deteal reporting t reporting mae with the pol

has, in all mg and such irch 31, 2019,

mpany - commntial componentrols Over F

Page 53

inancial Repo

er financial rity of financies in accordontrol over finance of recordons of the assas necessary accepted acc

endent Audithe Ind AS fin being made ny; and (3

zed acquisitioAS financial st

trols Over Fin

nal financial agement overected. Also, po future periay become inlicies or proce

material respeinternal finan, based on th

mensurate witents of internFinancial Rep

orting

reporting is aial reporting

dance with gnancial repords that, in resets of the coto permit pr

counting printors’ Report o

nancial statem only in acco) provide re

on, use or disptatements.

nancial Repo

controls overrride of contrprojections ofiods are subjenadequate becedures may d

ects, an adeqncial controlshe internal coth the size ofnal control stporting issued

a process deand the prep

generally accting includesasonable det

ompany; (2) preparation ofnciples, and of even date

ments for the ordance witheasonable assposition of th

orting

r financial rerols, material f any evaluatect to the riscause of chan

deteriorate.

quate internals over financontrol over ff the companytated in the Gd by the Inst

esigned to prparation of Incepted accous those policieail, accurately

provide reasof Ind AS finthat receipts

to the membyear ended M

h authorizatiosurance regae company's

eporting, inclumisstatementtion of the ink that the innges in condi

l financial coial reporting financial repoy and natureGuidance Notitute of Char

rovide nd AS unting es and y and

onable ancial s and

bers of March ons of arding assets

uding ts due

nternal nternal itions,

ntrols were orting of its

ote on rtered

AnnexureReferred Veerhealt i. (i) Th

detail(ii) Acthe mCompverific(iii) Athe reComp

ii. As pedurinverificbook

iii. In ourrecordCompunderapplic

iv. In ourof thepartie186 ofprovi

v. The Cthe pr

vi. As peComp148(1)Comp

vii. (a) Aexamidues Custoautho(b) AgivenDuty,outstapayab

viii. Basedare offinanc

e-B to the Indto in paragr

th Care Limite

he company ls and situatioccording to t

management opany and nacations.

According to tecords of the pany. er the informang the year oncation is reasorecords have r opinion andds, we are of panies, firms,r section 189 cable. r opinion, an

e records, the es covered unf the Companded by it.

Company hasrovisions of Ser the informapany is not co) of the Comppany ccording to ined by us, inincluding Pro

om Duty, Excorities. According to tn to us, there a, Sales Tax, anding as at 3ble. d on our audif the opinioncial institutes

dependent Auraph (7) of ted on the Ind

has maintainons of fixed ashe informatio

once in a yearature of its

he informatio Company, th

ation furnishnce in a year,onable, discre been properl

d according to the opinion t Limited Liab of the Comp

nd according t Company ha

nder section 1nies Act, in re

not acceptedSections 73 to ation provideovered underpanies Act, 2

the informatn our opinionovident Fundcise Duty, Ce

the records ofare no undispExcise Duty

31st March, 2

it procedures n that the Co and debentu

uditors Repothe Independ AS financial

ned proper rssets on the bon and explar which in oubusiness. N

on and explanhe title deeds

ed, the inven, having regaepancies noticly dealt with io informationthat the Compbility Partnerpanies Act, 20

to the informas not granted185. Further thespect of the lo

d any deposit76 of the Com

ed and from vr the requirem2013, and hen

ion and expl, the Compan

d, Employees’ess and other

f the Companputed amouny, PF, ESIC 019 for a per

and the infoompany has nure holders.

Page 54

rt dent Auditors statements fo

records showbasis of availanation, the fi

ur opinion is ro material d

nations given s of immovea

ntories have bard to the natced on physicin the books o

n and explanapany has notships or othe013. Hence su

mation and expd any loans ohe Company oans and inve

ts during the mpanies Act, 2verification ofments for the nce the provi

lanation giveny is generally’ State Insurar material sta

ny examined nts payable in

and any othriod of more t

ormation and not defaulted

s Report of or the year en

wing full parable informatiixed assets hareasonable, hdiscrepancies

n to us and onable properti

been physicalture of stockscal verificatioof accounts. ation given tot granted anyer parties covub clause (i),

planations gior provided a has compliedestments mad

year from th2013 and the f the records, maintenanceisions of clau

en to us andy regular in d

ance Fund, Incatutory dues

by us and th respect of Inher statutorythan six mon

explanationsd in repayme

even date tonded March 3

rticulars incluion. ave been phy

having regards have been

n the basis of oies are held i

lly verified bys, the frequen

on of inventor

o us and fromy loans, securevered in the r, ii, and iii of

iven to us andany guaranteed with the prde, and guara

he public with rules framed We are of thee of cost reco

use 3(vi) is no

d the recordsdepositing uncome-tax, Salas applicable

he informationncome Tax, Sey dues whicnths from the

s given by theent of its due

o the membe1, 2019:

uding quanti

ysically verifids to the size noticed on

our examinatin the name o

y the managency of the phries as compar

m verification ed or unsecuregister maintf this clause

d from verifice or security rovisions of seantees and sec

hin the meani there under. e opinion thards under Se

ot applicable

s of the Comndisputed statles-tax, service with appro

n and explanaervice Tax, Cuch have reme date they be

e managemenes to any ban

ers of

itative

ied by of the such

tion of of the

ement hysical red to

of the red to tained is not

cation to the ection curity

ing of

at,, the ection to the

mpany tutory ce tax, priate

ations ustom

mained ecome

nt, we nks or

ix. We hany mterm l

x. DurinaccordexplanComphave w

xi. The Cmand

xii. The Cprovi

xiii. As pepartiedetailParty (Acco

xiv. We hapreferthe ye

xv. The Cwith h

xvi. We haReserComp


ave verified tmoney by wayloan which co

ng the coursedance with tnations given

pany or on thwe been infor

Company has dated by the pCompany is sions of Clauer the verificaes are in compls have been d Disclosures

ounts) Rules 2ave verified trential allotmear under revCompany hashim. Accordinave been infove Bank of In

pany.


Dalal

hip No.10904

umbai h May, 2019

the records oy of public offompany had re of our examthe generallyn to us, we

he Company brmed of any s provided for

provisions of Snot a Nidhi se 3(xii) of theation of the rpliance with sdisclosed in t specified un

2014. he records of

ment or privateiew.

s not enteredngly the provormed that thndia Act, 1934

sociates s 112449W

49

of the Compafer or further received weremination of t

y accepted auhave neithe

by its officerssuch case by tr managerial Section 197 re Company ae Order are nrecords, We sections 177 athe Ind AS Finder Section

f the Compane placement o

d into any novisions of Clauhe company is4. Accordingly

Page 55

any, and of th public offer (e applied for the books anuditing practr come across or employethe managemremuneration

ead with Scheand the Nidhnot applicableare of the op

and 188 of Coinancial State 133 of the

ny, and of the of shares or fu

n-cash transause 3(xv) are s not requiredy the provisio

he opinion th(including de the purpose fnd records oftice, and accoss any instan

ees, noticed orment.

n in accordanedule V to thehi Rules, 201e to the Comppinion that alompanies Act,ments as requAct, read w

opinion that fully or partly

actions with not applicabld to be registons of Clause

hat the compaebt instrumenfor which thof the Compaording to thences of mater reported du

nce with the re Act. 4 are not ap

pany. ll transaction, 2013 where uired under I

with Rule 7 o

the companyy convertible

directors or ple to the Comtered under se 3(xvi) are no

any has not rnts). The amouose are raised.any, carried oe informationerial fraud buring the yea

requisite appr

pplicable to i

ns with the re applicable anInd AS 24, Reof the Comp

y has not maddebentures d

persons connmpany.

ection 45-IA ot applicable

raised unt of . out in n and

by the ar, nor

rovals

it, the

elated nd the elated panies

de any during

nected

of the to the

Sr.

NoI ASS1 No

(a)

(b)

(c)

(d)

2 Cur

(a)

(b)

(c)

II EQ1 Equ

(a)

(b)

2 LiaNo(a)

(b)

(c)

(d)

3 Cur(a)

(b)

(c)

NO

As per our

For M. H. DChartered

Firm Regis

Sd/‐Devang MPartnerMembersh

Place: MuDate: May

Par

Tot

Tot

TOT

Tot

Tot

Tot

TOT

SETSn‐Current Asse

Property, plan

Capital work‐i

Financial asse

(i) Loans

(ii) Other fina

Other non‐cu

rrent Assets

Inventories

Financial asse

(i) Trade rec

(ii) Cash and

(iii) Loans

(iv) Others fin

Other current

UITY AND LIABuity

Equity share c

Other equity

bilitiesn‐Current LiabFinancial liabi

(i) Borrowing

Provisions

Deferred tax l

Income tax lia

rrent LiabilitieFinancial liabi

(i) Borrowing

(ii) Trade pay

Other current

Provisions

OTES FORMING

r report of eve

Dalal & Associa Accountants

stration Numb

M. Dalal

hip Number: 1

mbaiy 28, 2019

rticulars

tal Non Curren

tal Current Liab

TAL EQUITY AN

tal Equity

tal Non‐curren

tal Current Ass

TAL ASSETS

ets

nt and equipm

in‐progress

ts

ancial assets

rrent assets

ets

eivables

cash equivale

nancial assets

assets

BILITIES

capital

bilitieslities

gs

iabilities (net)

abilities (net)

slities

gs

yables

t liabilities

G PART OF THE

n date attache

ates

er: 112449W

09049

B

nt Liabilities

bilities

ND LIABILITIES

nt Assets

sets

ent

nts

)

FINANCIAL STA

ed

Veer Hea

alance Sheet

Page 56

ATEMENTS

Sd/‐Bhavin

Manag

DIN: 03

Sd/‐Rony S

Compa

Place: Date: M

althcare Lim

t as at 31 Ma

For and

NoteM

3

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

1 ‐ 36

n Shah

ing Director

3129574

Shah

ny Secretary

MumbaiMay 28, 2019

mited

arch, 2019

d on behalf of

As at

March 31, 2019

545.52

219.34

354.51

207.44

‐ 1,326.81

84.06

74.42

18.37

0.50

‐

112.06 289.41

1,616.22

693.42

634.96 1,328.38

‐

3.60

19.75

6.27 29.62

94.15

157.45

6.53

0.09 258.22

1,616.22

the board

(` in l

March 31

5

2

7

3

1 6

1,4

6

6 1,3

1

1

1,4

Sd/‐Yogesh Shah

Director

DIN: 00169189

Sd/‐Akash ShahChief Financial O

lakhs)

As at

1, 2018

54.37

23.80

‐

07.08

1.06 786.31

94.07

91.78

8.03

88.13

5.08

00.50687.59

473.90

693.42

616.79310.21

20.75

2.57

14.36

5.19 42.87

00.71

18.84

1.02

0.25 120.82

473.90

9

Officer

Sr.

No.

I

II

III Tot

IV Exp

(a)

(c)

(d)

(e)

(f)

Tot

V PR

VI Tax

(a)

(b)

Tot

VII PR

VIII OT

Ite

Inc

Tot

IX

XI

‐ B

‐ D

We

NO

As per our

For M. H. D

Chartered

Firm Regis

Sd/‐

Devang M

Partner

Membersh

Place: Mu

Date: May

Re

Oth

(b)

Ear

TO

(VI

Par

tal Income (I+I

penses

Purchase of st

Employee ben

) Finance costs

) Depreciation

Other expens

tal Expenses

OFIT BEFORE T

x Expense

Current tax

) Deferred tax

tal Expenses

OFIT FOR THE Y

THER COMPREH

ms that will no

come tax effec

tal Other Com

Basic

Diluted

eighted averag

OTES FORMING

r report of eve

Dalal & Associ

d Accountants

stration Numb

M. Dalal

hip Number: 1

mbai

y 28, 2019

venue from op

her income

) Changes in in

rnings per equ

OTAL COMPRE

II + VIII)

rticulars

Stat

II)

tock‐in‐trade

nefit expenses

s

expenses

es

TAX (III ‐ IV)

YEAR (V ‐ VI)

HENSIVE INCO

ot be reclassif

ct on above

prehensive Inc

ge number of e

G PART OF THE

en date attache

ates

ber: 112449W

109049

perations

nventories of s

uity share (Rs.)

EHENSIVE INC

tement of Pr

s

ME (OCl)

ied to profit o

come

equity shares

FINANCIAL ST

ed F

S

B

M

D

S

R

C

P

D

tock‐in‐trade

)

COME FOR TH

Veer Hea

rofit and Loss

Page 57

Not

22

23

24

25

26

3

27

r loss

28

TATEMENT 1 ‐

For and on beh

Sd/‐

Bhavin Shah

Managing Dire

DIN: 03129574

Sd/‐

Rony Shah

Company Secre

Place: Mumbai

Date: May 28, 2

HE YEAR

althcare Lim

s for the yea

te Ye

Marc

2

3

4

5

6

3

7

8

36

half of the boa

ctor

etary

i

2019

mited

ar ended Mar

ear ended

h 31, 2019

598.44

29.18

627.62

369.42

10.01

46.69

3.45

32.00

128.19

589.76

37.86

7.00

15.03

22.03

15.83

1.07

‐

1.07

16.90

0.23

0.23

69,34,238

rd

Sd/

Yog

Dire

DIN

Sd/

Aka

Chie

rch 31, 2019

Year e

March 31,

5

5

3

5

1

5

2

1

1

69,3

/‐

gesh Shah

ector

N: 00169189

/‐

ash Shah

ef Financial Of

(` in l

ended

, 2018

16.93

72.02

88.95

08.38

59.42

57.16

7.08

27.48

04.36

63.88

25.07

5.20

6.16

11.36

13.71

1.72

‐

1.72

15.43

0.20

0.20

4,238

fficer

lakhs)

(A) Equity

March 31

6

March 31

6

Balance a

Profit for

Movemen

Other Com

Reme

Remeas

Balance a

Balance a

(B) Other

Balance a

Profit for

Movemen

Other Com

Particular

y Share Capita

As at

1, 2018

Chan

693.42

As at

1, 2017

Chan

693.42

as at April 1, 20

the year

nt during the

mprehensive

easurements g

Statem

surements ga

as at March 31

as at March 31

r Equity

as at April 1, 20

the year

nt during the

mprehensive

rs

al

nges during

the year

‐

nges during

the year

‐

017

year

income for th

gain on define

ment of Chan

in on defined

1, 2019

1, 2018

018

year

income for th

As a

March 31, 201

693.4

As a

March 31, 201

693.4

he year

ed benefit plan

Veer Hea

nges in Equit

benefit plans

he year

Page 58

at

19

42

at

18

42

General

Reserve

73.06

‐

‐

‐

73.06

73.06

‐

‐

‐

73.06

ns

althcare Li

ty for the ye

Securities

Premium

R

583.76

‐

‐

‐

583.76

583.76

‐

‐

‐

583.76

mited

ear ended M

Retained

Earnings Res

(41.76)

15.83

1.28

‐

(24.66)

(65.15)

13.71

9.68

‐

(41.76)

March 31, 20

OCI

serve E

1.73 61

‐ 1

‐

1.07

2.80 63

0.01 59

‐ 1

‐

1.72

1.73 61

019

(` in l

Total

Equity

16.79

15.83

1.28

1.07

34.96

91.68

13.71

9.68

1.72

16.79

akhs)

(A) CASH

Profit for

Adjustme

Depreciat

Interest a

Tax expe

Interest i

Bad debts

Operating

Adjustme

Decrease

Increase i

Decrease

Increase i

Increase/

Increase /

Increase /

Cash gene

Income ta

Net cash

(B) CASH

Payment

Interest i

Net cash

(C) CASH Payment

ProceedsProceeds

Interest a

Net cash

Net chang

Cash and

Cash and

(D) NOT

STATEMEAs per ou

For M. H.

Chartered

Firm Regi

Sd/‐

Devang M

PartnerMembers

Place: MuDate: May

Particular

FLOW FROM

r the year

ents for:

tion

and finance ch

nses

ncome

s written off

g profit befor

ents for chang

in other fina

in other asset

in inventorie

in trade recei

/(decrease) in

/(decrease) in

/(decrease) in

erated from o

axes paid

flow from op

FLOW FROM

for purchase

ncome

flow used in i

FLOW FROM of long term

s from loanss/(repayment

and finance ch

flow from fin

ge in cash and

bank balance

bank balance

TES FORMIN

ENTS (1 to 36)ur report of ev

Dalal & Asso

d Accountants

istration Num

M. Dalal

ship Number:

umbaiy 28, 2019

Ca

rs

OPERATING A

harges

re working cap

ges in working

ncial assets

ts

es

vables

n provisions

n trade payab

n other curren

operations

erating activi

INVESTING A

of property,

investing acti

FINANCING Aborrowings

) from short t

harges

nancing activit

d cash equiva

es at the begin

es at the end o

NG PART

ven date attac

ciates

s

mber: 112449W

109049

ash Flow Sta

ACTIVITIES

pital changes

g capital :

bles

nt liabilities

ties

ACTIVITIES

plant and equ

ivities

ACTIVITIES

term borrowin

ties

lents

nning of the y

of the year

OF THE F

ched

W

Veer Hea

atement for

Page 59

uipment

ngs (net)

year

FINANCIAL

Fo

Sd

Bh

M

D

Sd

RoCo

PlDa

althcare Li

r the year en

(

(

or and on beh

d/‐

havin Shah

Managing Direc

IN: 03129574

d/‐

ony Shahompany Secre

lace: Mumbaiate: May 28, 2

mited

nded March

Year

March 3

15.83

32.00

3.45

22.03

(29.14)

25.47

69.64

4.72

(10.50)

10.02

(8.11)

0.87

138.61

5.51

210.75

(13.21)

197.54

(218.69)

29.14

(189.55)

(20.75)

33.12 (6.57)

(3.45)

2.35

10.34

8.03

18.37

half of the boa

Sd/‐

Yoge

ctor Dire

DIN

Sd/‐

Akasetary Chie

2019

h 31, 2019

r ended

31, 2019

(` in la

1

2

1

(5

1

21

(6

5

(3

(

(

(

18

(

17

(35

5

(30

(2

16

(

13

ard

‐

esh Shah

ctor

: 00169189

‐

sh Shahef Financial O

Year e

March 31,

akhs)

13.71

27.48

7.09

11.36

51.86)

8.10

15.87

13.05

65.53)

59.42

0.79)

(0.41)

(2.73)

(2.60)

86.28

(9.98)

76.30

53.51)

51.86

01.65)

23.20)

‐ 61.56

(7.09)

31.27

5.92

2.11

8.03

Officer

nded

, 2018

Notes forming part of the Financial Statements for the year ended March 31, 2019

1. Corporate Information: Veer Healthcare Limited (“the Company”) is a public limited company incorporated and domiciled in India. It is engaged in the business of trading and manufacturing and marketing research based ayurvedic medicines. It was originally incorporated on 10 July 1992 as Niyati Leasing Limited with a purpose to start business in Investment and Finance. In 2013, the management of the Company decided to diversify the business activities and changed its main object to Pharma sector. The Company’s equity share is listed on the Bombay Stock Exchange and Metropolitan Stock Exchange of India Limited. The financial statements for the year ended March 31, 2019 are approved for issue by the Company’s Board of Directors on 28 May 2019. 2. Significant Accounting Policies: 2.1 Basis of Preparation

(I) Compliance with IND AS: These financial statements have been prepared in accordance with the Indian Accounting Standards (hereinafter referred to as the 'Ind AS') as notified by Ministry of Corporate Affairs pursuant to Section 133 of the Companies Act, 2013 ('Act') read with of the Companies (Indian Accounting Standards) Rules, 2015 as amended and other relevant provisions of the Act. The accounting policies are applied consistently to all the periods presented in the financial statements.

(II) Historical cost convention:

The financial statements have been prepared on historical cost basis, except certain financial assets and liabilities, defined benefits plans, contingent consideration and Assets held for sale, which have been measured at fair value.

(III) Current and non‐current classification: All assets and liabilities have been classified as current or non‐current as per the Company’s normal operating cycle and other criteria set out in the Schedule III to the Act. Based on the nature of products and the time between acquisition of assets for processing and their realization in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the purposes of current / non‐current classification of assets and liabilities.

The Company presents assets and liabilities in the balance sheet based on current/ non‐current classification.

An asset is treated as current when it is: a. Expected to be realized or intended to be sold or consumed in normal operating cycle b. Held primarily for the purpose of trading c. Expected to be realized within twelve months after the reporting period, or d. Cash or cash equivalent unless restricted from being exchanged or used to settle a

liability for at least twelve months after the reporting period.

All other assets are classified as non‐current. A liability is current when: a. It is expected to be settled in normal operating cycle b. It is held primarily for the purpose of trading c. It is due to be settled within twelve months after the reporting period, or d. There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified as non‐current. Deferred tax assets and liabilities are classified as non‐current assets and liabilities.

(IV) Rounding of Amounts: All amounts disclosed in the financial statements and notes have been rounded off to the nearest

lakhs as per the requirement of Schedule III, unless otherwise stated. 2.2 Use of Estimates and Judgements:

The preparation of financial statements requires the use of accounting estimates which, by definition, will seldom equal the actual results. Management also needs to exercise judgment in applying the accounting policies. This note provides an overview of the areas that involved a higher degree of judgment or complexity, and of items which are more likely to be adjusted due to estimates and assumptions turning out to be different from those originally assessed. Detailed information about each of these estimates and judgments is included in relevant notes together with information about the basis of calculation for each affected line item in the financial statements.

Estimates and judgments are continually evaluated. They are based on historical experience and other factors, including expectations of future events that may have a financial impact on the group and that are believed to be reasonable under the circumstances.

2.3 Property, plant and equipment: Property, plant and equipment are stated at original cost net of tax / duty credit availed, less accumulated depreciation and accumulated impairment losses, if any. Costs include financing costs of borrowed funds attributable to acquisition or construction of fixed assets, up to the date the assets are put‐to‐use, along with effects of foreign exchange contracts. The present value of the expected cost for the decommissioning of an asset after its use is included in the cost of the respective asset if the recognition criteria for a provision are met. When significant parts of property, plant and equipment are required to be replaced at intervals, the Company derecognizes the replaced part, and recognizes the new part with its own associated useful life and it is depreciated accordingly. Where components of an asset are significant in value in relation to the

total value of the asset as a whole, and they have substantially different economic lives as compared to principal item of the asset, they are recognized separately as independent items and are depreciated over their estimated economic useful lives. All other repair and maintenance costs are recognized in the statement of profit and loss as incurred unless they meet the recognition criteria for capitalization under Property, Plant and Equipment.

Tangible Fixed Assets:

Depreciation is charged as per straight line method on the basis of the expected useful life as specified in Schedule II to the Act. A residual value of 5% (as prescribed in Schedule II to the Act) of the cost of the assets is used for the purpose of calculating the depreciation charge. The management believes that these estimated useful lives are realistic and reflect fair approximation of the period over which the assets are likely to be used. However, management reviews the residual values, useful lives and methods of depreciation of property, plant and equipment at each reporting period end and any revision to these is recognized prospectively in current and future periods, if any.

Capital Work‐ in‐ progress Capital work‐ in‐ progress represents directly attributable costs of construction/ acquisition to be capitalized. All other expenses including interest incurred during construction / acquisition period are capitalized as a part of the construction cost to the extent to which these expenditures are attributable to the construction as per Ind AS‐23 “Borrowing Costs”. Interest income earned on temporary investment of funds brought in for the project during construction period are set off from the interest expense accounted for as expenditure during the construction period. All these expenses are transferred to fixed assets on commencement of respective projects.

2.4 Impairment of non‐financial assets The carrying amounts of assets are reviewed at each balance sheet date if there is any indication of impairment based on internal/external factors. An impairment loss is recognized wherever the carrying amount of an asset exceeds its recoverable amount. The recoverable amount is the greater of the asset’s net selling price and value in use. In assessing value in use, the Company measures it on the basis of discounted cash flows of next five years’ projections estimated based on current prices. Assessment is also done at each Balance Sheet date as to whether there is any indication that an impairment loss recognized for an asset in prior accounting periods may no longer exist or may have decreased.

After impairment, depreciation is provided on the revised carrying amount of the asset over its remaining useful life. Impairment losses of continuing operations, including impairment on inventories, are recognized in profit and loss section of the statement of profit and loss, except for properties previously revalued with the revaluation taken to other comprehensive Income (the ‘OCI’). For such properties, the impairment is recognized in OCI up to the amount of any previous revaluation.

2.5 Foreign Currency Transactions

Functional and presentation currency The Company’s financial statements are presented in Indian Rupees (“INR”), which is also the Company’s functional and presentation currency. All amounts have been reported in Indian Rupees Lakhs, except for share and earnings per share data, unless otherwise stated. Initial Recognition Foreign currency transactions are recorded in the reporting currency, by applying to the foreign currency amount, the exchange rate between the reporting currency and the foreign currency at the date of transaction.

Conversion Foreign currency monetary items are reported using the closing rate. In case of items which are covered by forward exchange contract, the difference between year end rate and rate on the date of the contract is recognised as exchange difference and premium paid on forward contracts and option contract is recognised over the life of the contract. Non‐monetary items, which are measured in terms of historical costs denominated in foreign currency, are reported using the exchange rate at the date of the transaction. Non‐monetary items, which are measured at fair value or other similar valuation denominated in a foreign currency, are translated using the exchange rate at the date when such value was determined.

Exchange Differences Exchange differences arising on the settlement of monetary items or on reporting Company’s monetary items at rates different from those at which they were initially recorded during the year, or reported in previous financial statements including receivables and payables which are likely to be settled in foreseeable future, are recognized as income or as expenses in the year in which they arise. All other exchange differences are recognized as income or as expenses in the period in which they arise. The gain or loss arising on translation of non‐monetary items is recognized in line with the gain or loss of the item that give rise to the translation difference (i.e. translation difference on items whose gain or loss is recognized in other comprehensive income or the statement of profit and loss is also recognized in other comprehensive income or the statement of profit and loss respectively).

2.6 Revenue Recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured, regardless of when the payment is being made. Revenue is measured at the fair value of the consideration received or receivable, taking into account contractually defined terms of payment and excluding taxes or duties collected on behalf of the government. Goods & Service Tax (GST), Value Added Tax/Service Tax is not received by the Company on its own account. Rather, it is tax collected on value added to the services by the Company on behalf of the government. Accordingly, it is excluded from revenue. The specific recognition criteria described below must also be met before revenue is recognized.

(i) Sale of goods and services:

The Company derives revenues primarily from sale of manufactured goods, traded goods and related services. Effective April 1, 2018, the Company has adopted Indian Accounting Standard 115 (Ind AS 115) ‐’Revenue from contracts with customers’ using the cumulative catch‐up transition method, applied to contracts that were not completed as on the transition date i.e. April 1, 2018. Accordingly, the comparative amounts of revenue and the corresponding contract assets / liabilities have not been retrospectively adjusted. The effect on adoption of Ind‐AS 115 was insignificant. Revenue is recognized on satisfaction of performance obligation upon transfer of control of promised products or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. The Company recognizes provision for sales return, based on the historical results. The Company does not expect to have any contracts where the period between the transfer of the promised goods or services to the customer and payment by the customer exceeds one year. As a consequence, it does not adjust any of the transaction prices for the time value of money. The Company satisfies a performance obligation and recognises revenue over time, if all of the following criteria is met: 1. The customer simultaneously receives and consumes the benefits provided by the

Company’s performance; 2. The Company’s performance creates or enhances an asset that the customer controls as the

asset is created or enhanced; and 3. The Company’s performance does not create an asset with an alternative use to the

Company and an entity has an enforceable right to payment for performance completed to date.

For performance obligations where one of the above conditions are not met, revenue is recognised at the point in time at which the performance obligation is satisfied. Revenue from sale of products and services are recognised at a time on which the performance obligation is satisfied.

(ii) Interest income: Interest income from financial asset is recognized when it is probable that the economic benefits will flow to the Company and the amount of income be measured reliably. Interest income is accrued on a time basis, be reference to the amortised cost and the Effective Interest Rate (EIR) applicable.

(iii) Other income: Other income is recognised when no significant uncertainty as to its determination or realisation exists.

2.7 Financial Instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

A. Financial Assets

a. Initial recognition and measurement:

All financial assets are recognized initially at fair value. In the case of financial assets not recorded at fair value through profit or loss, transaction costs that are attributable to the acquisition of the financial asset are added to the initial cost of such asset. Purchases or sales of financial assets that require delivery of assets within a time frame established by regulation or convention in the market place [regular way trades] are recognized on the settlement date, trade date, i.e., the date that the Company commits to purchase or sell the asset.

b. Subsequent measurement:

For purposes of subsequent measurement, financial assets are classified in four categories:

i. Debt instruments at amortized cost:

A ‘debt instrument’ is measured at the amortized cost if both the following conditions are met:

‐ The asset is held with an objective of collecting contractual cash flows

‐ Contractual terms of the asset give rise on specified dates to cash flows that are "solely payments of principal and interest" [SPPI] on the principal amount outstanding.

After initial measurement, such financial assets are subsequently measured at amortized cost using the effective interest rate [EIR] method. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is included in interest income in the Statement of Profit and Loss. The losses arising from impairment are recognized in the profit or loss. This category generally applies to trade and other receivables.

ii. Debt instruments at fair value through other comprehensive income [FVTOCI]:

A ‘debt instrument’ is classified as at the FVTOCI if both of the following criteria are met:

‐ The asset is held with objective of both ‐ for collecting contractual cash flows and selling the financial assets

‐ The asset’s contractual cash flows represent SPPI.

Debt instruments included within the FVTOCI category are measured initially as well as at each reporting date at fair value. Fair value movements are recognized in the other comprehensive income [OCI]. However, the Company recognizes interest income, impairment losses & reversals and foreign exchange gain or loss in the Statement of Profit and Loss. On derecognition of the asset, cumulative gain or loss previously recognized in OCI is reclassified from the equity to Statement of Profit and Loss. Interest earned whilst holding FVTOCI debt instrument is reported as interest income using the EIR method.

iii. Debt instruments, derivatives and equity instruments at fair value through profit or loss [FVTPL]:

FVTPL is a residual category for debt instruments. Any debt instrument, which does not meet the criteria for categorization as at amortized cost or as FVTOCI, is classified as at FVTPL. Debt instruments included within the FVTPL category are measured at fair value with all changes recognized in the Profit & Loss statement.

iv. Equity instruments measured at fair value through other comprehensive income [FVTOCI]:

All equity in scope of Ind AS 109 are measured at fair value. Equity instruments which are held for trading are classified as at FVTPL. For all other equity instruments, the Company may make an irrevocable election to present in other comprehensive income subsequent changes in the fair value. The Company has made such election on an instrument by‐ by instrument basis. The classification is made on initial recognition and is irrevocable. If the Company decides to classify an equity instrument as at FVTOCI, then all fair value changes on the instrument, excluding dividends, are recognized in the OCI. On derecognition of the asset, cumulative gain or loss previously recognised in OCI is reclassified from the equity to P&L. Equity instruments included within the FVTPL category are measured at fair value with all changes recognized in the Statement of Profit and Loss.

c. Derecognition:

A financial asset is primarily derecognized when:

i. The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full 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.

ii. the Company has transferred its rights to receive cash flows from an asset or has entered into a pass‐through arrangement, it evaluates if and to what extent it has retained the risks and rewards of ownership.

d. Impairment of financial assets:

In accordance with Ind AS 109, the Company applies expected credit loss [ECL] model for measurement and recognition of impairment loss on the following financial assets and credit risk exposure:

a. Financial assets that are debt instruments, and are measured at amortised cost e.g., loans, deposits, trade receivables and bank balance

b. Trade receivables or any contractual right to receive cash

c. Financial assets that are debt instruments and are measured as at FVTOCI

d. Lease receivables under Ind AS 17

e. Financial guarantee contracts which are not measured as at FVTPL

The Company follows ‘simplified approach’ for recognition of impairment loss allowance on Point c and d provided above. The application of simplified approach requires the company to recognize the impairment loss allowance based on lifetime ECLs at each reporting date, right from its initial recognition. For recognition of impairment loss on other financial assets and risk exposure, the Company determines that whether there has been a significant increase in the credit risk since initial recognition. If credit risk has not increased significantly, 12‐month ECL is used to provide for impairment loss. However, if credit risk has increased significantly, lifetime ECL is used to provide impairment. If, in a subsequent period, credit quality of the instrument improves such that there is no longer a significant increase in credit risk since initial recognition, then the entity reverts to recognizing impairment loss allowance based on 12‐month ECL.

Lifetime ECL are the expected credit losses resulting from all possible default events over the expected life of a financial instrument. The 12‐month ECL is a portion of the lifetime ECL which results from default events that are possible within 12 months after the reporting date. ECL is the difference between all contractual cash flows that are due to the Company in accordance with the contract and all the cash flows that the entity expects to receive [i.e., all cash shortfalls], discounted at the original EIR.

As a practical expedient, the Company uses a provision matrix to determine impairment loss allowance on portfolio of its trade receivables. The provision matrix is based on its historically observed default rates over the expected life of the trade receivables and is adjusted for forward‐looking estimates. At every reporting date, the historical observed default rates are updated and changes in the forward‐looking estimates are analyzed.

ECL impairment loss allowance [or reversal] recognized during the period is recognized as income/ expense in the statement of profit and loss. The balance sheet presentation for various financial instruments is described below:

a. Financial assets measured as at amortized cost, contractual revenue receivables

and lease receivables: ECL is presented as an allowance which reduces the net carrying amount. Until the asset meets write‐off criteria, the Company does not reduce impairment allowance from the gross carrying amount.

b. Debt instruments measured at FVTOCI: Since financial assets are already reflected at fair value, impairment allowance is not further reduced from its value. Rather, ECL amount is presented as ‘accumulated impairment amount’ in the OCI.

B. Financial liabilities:

a. Initial recognition and measurement:

Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. All financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs.

b. Subsequent measurement:

The measurement of financial liabilities depends on their classification, as described below:

i. Financial liabilities at fair value through profit or loss:

Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. This category also includes derivative financial instruments entered into by the Company that are not designated as hedging instruments in hedge relationships as defined by Ind AS 109. Separated embedded derivatives are also classified as held for trading unless they are designated as effective hedging instruments. Gains or losses on liabilities held for trading are recognized in the profit or loss.

Financial liabilities designated upon initial recognition at fair value through profit or loss are designated as such at the initial date of recognition, and only if the criteria in Ind AS 109 are satisfied for liabilities designated as FVTPL, fair value gains/ losses attributable to changes in own credit risk are recognized in OCI. These gains/ losses are not subsequently transferred to P&L. However, the Company may transfer the cumulative gain or loss within equity. All other changes in fair value of such liability are recognized in the statement of profit or loss. The Company has not designated any financial liability as at fair value through profit and loss.

ii. Loans and borrowings:

After initial recognition, interest‐bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains and losses are recognized in profit or loss when the liabilities 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 costs that are an integral part of the EIR. The EIR amortization is included as finance costs in the statement of profit and loss.

iii. Financial guarantee contracts:

Financial guarantee contracts issued by the Company are those contracts that require a payment to be made to reimburse the holder for a loss it incurs because the specified debtor fails to make a payment when due in accordance with the terms of a debt instrument. Financial guarantee contracts are recognized initially as a liability at fair value, adjusted for transaction costs that are directly attributable to the issuance of the guarantee. Subsequently, the liability is measured at the higher of the amount of loss allowance determined as per impairment requirements of Ind AS 109 and the amount recognized less cumulative amortization.

c. Derecognition:

A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognized in the statement of profit or loss.

C. Reclassification of financial assets:

The Company determines classification of financial assets and liabilities on initial recognition. After initial recognition, no reclassification is made for financial assets which are equity instruments and financial liabilities. For financial assets which are debt instruments, a reclassification is made only if there is a change in the business model for managing those assets. Changes to the business model are expected to be infrequent. The Company does not restate any previously recognized gains, losses [including impairment gains or losses] or interest.

D. Offsetting of financial instruments:

Financial assets and financial liabilities are offset and the net amount is reported in the balance sheet if there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, to realize the assets and settle the liabilities simultaneously.

2.8 Fair Value Measurement

The Company measures financial instruments, such as, derivatives at fair value at each balance sheet date. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either:

a. In the principal market for the asset or liability, or

b. In the absence of a principal market, in the most advantageous market for the asset or liability

The principal or the most advantageous market must be accessible by the Company. The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

Level 1 ‐ Quoted [unadjusted] market prices in active markets for identical assets or liabilities

Level 2 ‐ Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable

Level 3 ‐ Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable

2.9 Inventories: Inventories are stated at the lower of cost and net realizable value. Cost comprise all cost of purchase, cost of conversion and other costs incurred in bringing the inventories to their present location and condition. Cost is determined on Weighted Average basis. Due allowance is estimated and made for defective and obsolete items, wherever necessary.

Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and estimated costs necessary to make the sale.

2.10 Employee benefits

a. Short‐term obligation:

Liabilities for wages and salaries, including non monetary benefits that are expected to be settled wholly within 12 months after the end of period in which the employee render the related service are recognized in respect of employees’ services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. Employee benefits are recognized as expense at undiscounted amount in the statement of profit and loss for the year in which the related service is rendered.

b. Post employee obligations

The Company operates the following post‐employment schemes: ‐ defined benefit plans such as gratuity ‐ defined contribution plans such as provident fund

(i) Gratuity obligations: The liability or asset recognized in the balance sheet in respect of defined gratuity plans is the present value of the defined benefit obligation at the end of the reporting period less the fair value of plan assets. The defined benefit obligation is determined at the yearend by independent actuary using the projected unit credit method. The present value of the defined obligation denominated in Indian Rupees is determined by discounting the estimated future cash outflows by reference to market yields at the end of the reporting period on government bonds that have terms approximating to the terms of the related obligation. The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included in employee benefit expense in the statement of profit and loss. Actuarial gains and losses in respect of post employment and other long term benefits are debited / credited to retained earnings through OCI in the period in which they occur. Remeasurements are not reclassified to the profit and loss in the subsequent periods.

(ii) Defined contribution plans:

Provident fund:

The Company pays contributions towards provident fund to the regulatory authorities as per regulations. The contributions are recognized as employee benefit expense when they are due.

c. Bonus plans

The Company recognise a liability and an expense for bonuses. The Company recognise a provision where contractually obliged or where there is a past practice that has created a constructive obligation.

2.11 Income Tax

Income tax expense comprises current and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from ‘profit before tax’ as reported in the statement of profit and loss because 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 tax

Deferred tax is provided using the liability method on temporary differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes at the reporting date.

Deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized for all deductible temporary differences, the carry forward of unused tax credits and any unused tax losses. Deferred tax assets are recognized on the basis of reasonable certainty that the company will be having sufficient future taxable profits and based on the same the DTA has been recognized in the books. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are re‐assessed at each reporting date and are recognized to the extent that it has become probable that future taxable profits will allow the deferred tax asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is "realized or the liability is settled, based on tax rates [and tax laws] that have been enacted or substantively enacted at the" reporting date. Deferred tax items are recognized in correlation to the underlying transaction either in OCI or directly in equity. Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current tax assets against current tax liabilities. Minimum Alternate Tax credit is recognised as deferred tax asset only when and to the extent there is a convincing evidence that the Company will pay normal income tax during the specified period. Such asset is reviewed at each Balance Sheet date and the carrying amount of the MAT credit asset is written down to the extent there is no longer a convincing evidence to the effect that the Company will pay normal income tax during the specified period.

2.12 Borrowing costs

Borrowing cost includes interest, amortization of ancillary costs incurred in connection with the arrangement of borrowings and exchange differences arising from foreign currency borrowings to the extent they are regarded as an adjustment to the interest cost. Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the respective asset. All other borrowing costs are expensed in the period they occur.

2.13 Provisions, Contingent Liabilities and Contingent Assets:

Provision is recognized when the Company has a present obligation (legal or constructive) as a result of past events and it is probable that the outflow of resources will be required to settle the obligation and in respect of which reliable estimates can be made. A disclosure for contingent liability is made when there is a possible obligation, that may, but probably will not require an outflow of resources. When there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision/ disclosure is made. The Company does not recognize a contingent liability but discloses its existence in the financial statements. Contingent assets are not recognized in the financial statements. Provisions and contingencies are reviewed at each balance sheet date and adjusted to reflect the correct management estimates. If the effect of the time value of money is material, provisions are discounted using a current pre‐tax rate that reflects, using a current pre‐tax rate that reflects, when appropriate, the risks specific to the liability. Commitments include the amount of purchase order (net of advances) issued to parties for completion of assets. Provisions, contingent liabilities, contingent assets and commitments are renewed at each balance sheet date.

2.14 Cash and Cash Equivalents For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other short‐term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities in the balance sheet. 2.15 Earnings per equity share

Basic earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Company by the weighted average number of equity shares outstanding during the period. Diluted earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Company by the weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares.

2.16 Recent Accounting Pronouncements Ind AS 116 On March 30, 2019, the Ministry of Corporate Affairs (MCA) has notified Ind AS 116 Leases, under Companies (Indian Accounting Standards) Amendment Rules, 2019 which is applicable with effect from April 1, 2019. Ind AS 116 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract i.e., the lessee and the lessor. Ind AS 116 introduces a single lease accounting model for lessee and requires the lessee to recognize right of use assets and lease liabilities for all leases with a term of more than twelve months, unless the underlying asset is low value in nature. Currently, operating lease expenses are charged to the statement of profit and loss. Ind AS 116 substantially carries forward the lessor accounting requirements in Ind AS 17. As per Ind AS 116, the lessee needs to recognize depreciation on rights of use assets and finance costs on lease liabilities in the statement of profit and loss. The lease payments made by the lessee under the lease arrangement will be adjusted against the lease liabilities. The Company is currently evaluating the impact on account of implementation of Ind AS 116 which does not have significant impact on key profit & loss and balance sheet ratio i.e. Earnings before interest, tax, depreciation and amortisation (EBITDA), Asset coverage, debt equity, interest coverage, etc.

3 ‐ Property,

Particulars

Cost:

As at April 1

Additions du

As at March

Additions du

As at March

Accumulate

As at April 1

Depreciatio

As at March

Depreciatio

As at March

Net Carrying

As at March

As at March

, Plant and Equip

, 2017

uring the year

31, 2018

uring the year

31, 2019

d Depreciation:

, 2017

n for the year

31, 2018

n for the year

31, 2019

g Amount:

31, 2018

31, 2019

ment

Freeh

l

18

18

18

18

18

Note

hold

land

Furniture

and Fixture

‐ 67.50

87.58 1.20

87.58 68.70

1.73 ‐

89.31 68.70

‐ 16.40

‐ 6.47

‐ 22.87

‐ 6.53

‐ 29.40

87.58 45.83

89.31 39.30

es forming part

Veer He

Page 75

e

s

Plant and

Equipments Eq

0 215.71

0 140.87

0 356.58

21.43

0 378.01

0 29.92

7 18.69

7 48.61

3 23.29

0 71.90

3 307.97

0 306.11

t of the Financi

ealthcare Lim

Office

quipment

Compu

17.23

‐

17.23

‐

17.23

5.98

1.03

7.01

1.03

8.04

10.22

9.19

ial Statements

mited

uters Vehicles

0.87 9.55

0.06 ‐

0.93 9.55

‐ ‐

0.93 9.55

0.73 5.69

0.16 1.13

0.89 6.82

0.02 1.13

0.91 7.95

0.04 2.73

0.02 1.60

Total Capital w

pr

310.86

329.71

640.57

23.15

663.72

58.72

27.48

86.20

32.00

118.20

554.37

545.52

(` in

work‐ in‐

rogress

‐

23.80

23.80

195.54

219.34

‐

‐

‐

‐

‐

23.80

219.34

n lakhs)

Particular

4 ‐ Loans

Unsecure

Intercorp

Loans to u

5 ‐ Other

Unsecure

Deposits

6 ‐ Other

Prepaid e

7 ‐ Invent

Stock‐in t

8 ‐ Trade

Consider

Consider

Less: Prov

9 ‐ Cash a

Balances

Cash on h

10 ‐ Loans

Loans to u

11 ‐ Othe

Deposits

12 ‐ Othe

Balance w

Advances

Others

Note: Inv

rs

(Non Current

ed and consid

porate deposi

unrelated par

Financial Ass

ed and consid

Non Current

expenses

tories

trade

Receivables (

ed good

ed doubtful

vision for dou

and Cash Equi

with banks in

hand

s (Current)

unrelated par

r Financial As

r Current Ass

with statutory

s to suppliers

ventories are

t)

ered good

ts

rty

sets (Non Cur

ered good

Assets

(Unsecured)

ubtful debts

valents

n current acco

rty (unsecure

ssets (Current

ets

y authorities

Notes fo

carried at the

rent)

ounts

ed and conside

t)

orming part

Veer Hea

e lower of cos

Page 76

ered good)

of the Finan

althcare Li

st and net rea

ncial Statem

imited

alisable

As

March 31, 20

54.5

300.0

354.5

207.4

207.4

‐

‐

84.0

84.0

74.4

‐

74.4

‐

74.4

18.0

0.2

18.3

0.5

0.5

‐

‐

106.8

5.1

‐

112.0

ments(` in la

at

19 March 31,

51

00

51

44 20

44 20

06 9

06 9

42 9

42 9

42 9

09

28

37

50 38

50 38

87 7

19

2

06 10

akhs)

As at

, 2018

‐

‐

07.08

07.08

1.06

1.06

94.07

94.07

91.78

‐

91.78

‐

91.78

0.86

7.17

8.03

88.13

88.13

5.08

5.08

73.82

‐

26.68

00.50

Particular

13 ‐ Share

Authorise

1,00,00,00

(March 31

Issued, Su

69,34,238

(March 31

(i) Reconc

Equity Sh

Opening

Add: Issu

Closing B

(ii) Rights

Equity Sh

(iii) Num

Yogesh M

Name of

Particular

The Com

equity sh

eligible t

proportio

Company

in case of

(iv) Durin

up pursua

fully paid

rs

e Capital

ed:

00 Equity Sha

1, 2018: 1,00,0

ubscribed and

8 Equity Share

1, 2018: 69,34,

ciliation of sh

hares

Balance

ed during the

alance

s, preference

hares:

ber of Shares

M. Shah

the sharehold

rs

pany has only

hare is eligibl

o receive the

on to their s

y is subject to

f interim divid

ng the 5 years

ant to contrac

d up by way of

res of Rs. 10 e

00,000 Equity

d fully paid‐u

es of Rs. 10 ea

,238 Equity sh

hares outstan

e year

s and restrict

s held by each

der

y one class o

e for one vot

e remaining as

hareholding.

o the approva

dend.

immediately

ct(s) without

f bonus share

each

shares of Rs.

up:

ach fully paid

hares of Rs. 10

ding at the be

No.

tions attached

h shareholder

No.

A

f equity shar

te per share.

ssets of the C

The dividen

al of the shar

y preceeding

payment bei

es.

Page 77

10 each)

up

0 each)

eginning and

of Shares (

6,934,238

‐

6,934,238

d to shares

r holding mor

of Shares %

935,035

As at March 3

As at March 3

res having a p

In the event

Company afte

nd, if any, pr

reholders in t

March 31, 201

ng received i

at the end of

(` in lakhs)

693.42

‐

693.42

re than 5% Sh

% of Holding

13.48

31, 2019

1, 2019

par value of R

t of liquidatio

r distribution

roposed by t

he ensuing A

19, there are

n cash. Also,

As

March 31, 20

1,000.0

693.4

693.4

f the Reportin

No. of Share

6,934,23

‐

6,934,23

ares in the Co

No. of Share

935,03

As at Ma

As at Ma

Rs. 10 per sha

on, the equity

n of all prefere

the Board of

Annual Genera

no shares allo

there are no

(` in la

at

19 March 31,

00 1,00

42 69

42 69

ng year

es (` in lakh

38 69

38 69

ompany

es % of Ho

35 1

arch 31, 2018

arch 31, 2018

are. Each hold

y shareholder

ential amoun

f Directors o

al Meeting ex

otted as fully

shares allott

akhs)

As at

, 2018

00.00

93.42

93.42

hs)

93.42

‐

93.42

olding

13.48

der of

rs are

nts, in

f the

xcept

y paid

ed as

Particular

14 ‐ Othe

Securities

Opening

Add: Add

Less: Ded

Closing b

General R

Retained

Opening

Profit for

Adjusted

‐ Fair V

‐ Fair V

‐ Net eff

Closing b

Other Co

Opening

Add: Add

Closing b

Total

15 ‐ Borro

Secured

16 ‐ Provi

Provision

17 ‐ Defe

Deferred

Less: Def

Deferred

18 ‐ Borro

Secured l

‐ Term lo

‐ Overdra

Unsecure

rs

r Equity

s Premium

balance

ditions during

ductions durin

alance

Reserve

Earnings

balance

r the year

on account o

Valuation of F

Valuation of F

ect of Ind AS

alance

mprehensive

balance

ditions during

alance

owings (Non C

term loans fr

isions (Non C

n for employe

rred Tax Liabi

tax liabilities

erred tax asse

Tax Liabilitie

owings (Curre

loans from ba

oans

aft Facilities

ed loans from

the financial

ng the financi

of Ind AS:

inancial Asse

inancial Liabi

opening adju

e Income

the financial

Current Finan

rom banks

urrent)

ee benefits of

ilities (Net)

s

ets

es (Net)

ent Financial L

anks

directors

year

al year

ets

lities

ustment

year

ncial Liabilitie

f gratuity

Liabilities)

Page 78

es)

As

March 31, 20

583.7

‐

‐

583.7

73.0

(41.7

15.8

1.4

(0.1

‐

(24.6

1.7

1.0

2.8

634.9

‐

‐

3.6

3.6

28.1

8.4

19.7

‐

0.1

94.0

94.1

(` in la

at

19 March 31,

76 58

76 58

06 7

76) (6

83 1

45 (

17)

65) (4

73

07

80

97 61

2

2

60

60

17

42

75

2

15 (1

00 9

15 10

akhs)

As at

, 2018

83.76

‐

‐

83.76

73.06

65.15)

13.71

(0.41)

0.48

9.61

41.76)

0.01

1.72

1.73

16.79

20.75

20.75

2.57

2.57

24.20

9.84

14.36

23.68

14.97)

92.00

00.71

Particular

19 ‐ Trade

Due to m

Due to ot

(b) Intere

(c) Amou

(d) Intere

(e) Intere

have n

Particular

20 ‐ Othe

Statutory

Advances

21 ‐ Short

Provision

Particular

22 ‐ Reve

Sale of pr

Sale of se

Other op

23 ‐ Othe

Interest

Miscellan

Disclosur

as under:The Com

Small and

Section 2

(a) Princi

accountin

(f) Furthe

interest d

The infor

small ent

rs

e Payables

icro and smal

ther than mic

est paid durin

nt of paymen

est due and p

est accrued an

not been give

rs

r Current Liab

y liabilities

s from custom

t Term Provis

n for employe

rs

nue from Ope

roducts

ervices

erating reven

r Income

neous income

re under Secti

:pany has not

d Medium Ent

22 of The Micr

pal amount a

ng year;

er interest re

dues above ar

rmation is giv

terprise on th

ll enterprises

ro and small e

ng the year;

nt made to th

ayable for the

nd unpaid at t

en.

bilities

mers

ions

ee benefits of

erations

nue

e

ion 22 of Micr

t received an

terprise Deve

ro, Small and

and the inter

maining due

re actually pa

ven in respec

he basis of inf

s

enterprises

e supplier be

e period of de

the end of the

f gratuity

ro, Small and

ny intimation

elopment (MS

Medium Ente

est due there

and payable

aid to the sma

ct of such ven

formation ava

Page 79

eyond the app

elay in makin

e accounting

Medium Ente

n from suppli

SMED) Act, 20

erprise Develo

eon remainin

even in the

all enterprise;

dors to the e

ailable with th

pointed day d

g payment;

year; and

erprise Deve

ers regarding

006 and hence

opment (MSM

ng unpaid to

succeeding y

;

xtent they co

he Company.

As

March 31, 20

‐

157.4

157.4

uring accoun

As

March 31, 20

1.4

5.0

6.5

0.0

0.0

Year ende

March 31, 20

580.9

13.4

4.0

598.4

29.1

0.0

29.1

lopment (MS

g their status

e disclosures

MED) Act, 200

any supplier

years, until su

ould be ident

(` in la

at

19 March 31,

45 1

45 1

ting year;

at

19 March 31,

47

06

53

09

09

ed

19

Year e

March 31,

93 39

42 11

09

44 51

14 5

04 2

18 7

SMED) Act, 20

s under the M

as required u

06 regarding:

rs as at the e

uch date whe

tified as micro

akhs)

As at

, 2018

‐

18.84

18.84

As at

, 2018

1.02

‐

1.02

0.25

0.25

nded

, 2018

96.21

17.81

2.91

16.93

51.86

20.16

72.02

006 is

Micro,

under

nd of

n the

o and

Particular

Opening

Less : Clo

25 ‐ Empl

Salaries,

Contribut

Staff welf

26 ‐ Finan

Interest e

Bank char

27 ‐ Othe

Advertise

Bad debt

Clearing,

Deferred

Electricity

Indirect t

Insurance

Legal cha

Miscellan

Payment

Professio

Repairs a

Testing a

Transport

Travelling

Water ex

** Payme

‐ as audit

‐ for tax a

‐ for limi

28 ‐ Earni

Profit ava

Weighted

Face valu

Earnings

Particular

24 ‐ Chan

rs

stock

sing stock

oyee Benefit

bonus, gratui

tion to provid

fare expense

nce Costs

expenses

rges

r Expenses

ement, public

s written off

forwarding, p

expenses on

y

axes

e

rges

neous expens

to Auditors*

onal and cons

nd maintena

nd designing

tation expens

g expenses

penses

ent to Auditor

tors

audit

ted review

ngs Per Equit

ailable for eq

d average num

ue per equity

Per Equity Sh

rs

ges in Invent

t Expenses

ties and allow

dent and othe

e

city and sales

packing, freig

n financial ins

ses

*

ultancy charg

nce

charges

ses

rs

ty Share

uity sharehol

mbers of equ

share (in `)

hare Basic and

tories of Stock

wances

er funds

promotion

ght, loading e

truments

ges

ders (` in lakh

ity shares

d Diluted (in `

k‐in‐Trade

Page 80

tc.

hs)

)

Year ende

March 31, 20

94.0

(84.0

10.0

45.3

0.6

0.6

46.6

3.1

0.2

3.4

29.2

25.4

15.0

17.9

7.2

0.3

0.1

5.3

3.7

1.0

7.5

1.0

6.3

4.0

0.8

2.8

128.1

0.7

0.1

0.1

Year ende

March 31, 20

15.8

69,34,23

10.0

0.2

(` in la

ed

19

Year e

March 31,

07 15

06) (9

01 5

37 5

68

64

69 5

16

29

45

27 2

47

00

91 1

24 1

35

12

32

71

00

59

09

39

04

86

83

19 10

70

15

15

ed

19

Year e

March 31,

83 1

38 69,34

00 1

23

akhs)

nded

, 2018

53.49

94.07)

59.42

54.97

1.00

1.19

57.16

6.94

0.14

7.08

23.65

8.10

7.74

19.09

10.15

0.20

1.42

4.91

3.87

1.00

7.32

2.26

6.18

2.82

4.92

0.73

04.36

0.70

0.15

0.15

nded

, 2018

13.71

4,238

10.00

0.20

(a) Contin

(b) Comm

30 ‐ Segm

31 ‐ Emplo

The Comp

(a) Define

‐Providen

(b) Define

‐ Gratuity

Economic

Discount R

Salary Esc

In accord

defined b

29 ‐ Conti

The disco

together;

isolation.

The disco

The estim

rate of 7.6

The salar

inflation

future sal

into accou

by the esc

‐Estimate

account a

The Comp

Employer

Based on

evaluates

indicators

The Comp

The Comp

limited to

ngent Liabilitie

mitments

ent Reporting

oyee Benefits

pany has classi

ed contributio

nt fund

ed benefit pla

c Assumptions

Rate

calation Rate

dance with Ind

benefit plans b

ngent Liabiliti

unt rate and s

it is the differ

unting rate is

mated term of

62% p.a. (Prev

ry escalation

and promotio

ary increases

unt. Again a lo

calation rates

ed amount of c

nd not provide

pany has recog

rs’ contributio

the “manage

s the Company

s by the Opera

pany’s CODM c

pany has one s

o India only an

es

g

ified the vario

n plans

ns

dian Accountin

based on the f

es and Comm

salary increase

rence or 'gap'

based on the

the benefits/

ious Year 7.73

rate usually

onal increases

and the Com

ong‐term view

experienced i

contracts rema

ed for

gnized the foll

n to provident

ment approac

y’s performan

ating Segment

constitutes of

segment of ac

d its all assets

ous benefits pr

ng Standard 19

following assu

itments

es assumed a

between thes

e gross redem

/obligations w

3% p.a.) compo

consists of a

s. In addition

pany's philoso

as to trend in

in the immedi

aining to be ex

owing amoun

t fund :‐ curre

ch” as defined

nce and alloca

ts. Accordingl

managing dire

ctivity namely

s are domiciled

Page 81

rovided to em

9, actuarial va

umptions‐

re the key fin

se rates which

ption yield on

works out to ze

ound has been

t least three

to this any c

ophy towards

n salary increas

ate past, if the

xecuted on ca

nts in the state

nt year ` 0.62 l

d in Ind AS 108

ates resources

y, information

ector, whole‐t

"Ayurved Pha

d in India, the

mployees as un

aluation was d

ancial assump

is more impo

n medium to l

ero years. For

n used.

components

commitments

employee re

se rates has to

ey have been

pital

ement of profi

akh (previous

8, the Chief Op

s based upon

n has been pr

time director a

arma Products

re are no repo

As

March 31, 20

‐

‐

nder:‐

done in respe

ptions and sho

ortant than the

long term risk

the current va

, viz. regular

s by the mana

muneration a

o be taken rat

influenced by

it and loss:

s year ` 1.00 lak

perating Decis

analysis of va

esented on op

and chief fina

s'. The Compan

ortable geogra

(` in l

at

019 March 31,

45

ect of the afor

ould be consid

e individual ra

k free investm

aluation a disc

increments,

agement rega

re also to be t

her than be gu

y unusual facto

kh)

sion Maker (CO

arious perform

perating segm

ncial officer.

ny’s operation

aphical segme

akhs)

As at

, 2018

‐

50.00

resaid

dered

tes in

ments.

count

price

arding

taken

uided

ors.

ODM)

mance

ments.

ns are

nts.

The assum

Discount r

Future sal

Retireme

Withdraw

‐ Up to 3

‐ From 3

‐ Above

Present va

Interest co

Current se

Actuarial g

Present va

Net Liabil

Present va

Net Liabil

Net Liabil

Expenses

Interest co

Current se

Total expe

Recognize

Actuarial g

Actuarial g

Recognize

Mortality

Particular

Particular

Change in

Actuarial g

mptions used

rate (per annu

lary increase

nt age

wal rates

30 years

31 to 44 years

e 44 years

alue of obliga

ost

ervice cost

gain on arising

alue of obliga

ity recorded in

alue of obliga

ity Current

ity Non‐Curre

recorded in th

ost

ervice cost

enses include

ed in Other Co

gain on arising

gain on arising

ed in Other Co

rates

rs

rs

n present value

gain on arising

are summariz

um)

tion as at the

g from experie

tion as at the

n the Balance

tion as at the

nt

he Statement

d in employee

omprehensive

g from Change

g from Experie

omprehensive

e of the defin

g from change

ed in the follo

beginning of t

ence adjustme

end of the yea

Sheet

end of the yea

of Profit and L

e benefit expe

Income durin

e in Financial A

ence Adjustme

Income

ed benefit ob

e in financial as

Page 82

owing table:

the year

ent

ar

ar

Loss during th

enses

ng the year

Assumption

ent

ligation

ssumption

e year

As

March 31, 20

7.62

5.00

100.00

60 yea

3.00

2.00

1.00

As

March 31, 20

3.4

0.2

1.0

(1.0

(0.0

3.7

3.7

0.0

3.6

0.2

1.0

1.3

(1.0

(0.0

(1.0

Gratuity

Gratuity

(` in l

at

019 March 31,

2% 7

0% 5

0% 100

ars 60

0% 20

0% 15

0% 10

at

019 March 31,

44

27

06

06) (

01)

70

70

09

60

27

06

33

06) (

01)

07) (

y (Unfunded)

y (Unfunded)

akhs)

As at

, 2018

7.73%

5.00%

0.00%

years

0.00%

5.00%

0.00%

As at

, 2018

3.24

0.24

1.06

(1.51)

0.40

3.44

3.44

0.25

3.19

0.24

1.06

1.31

(1.51)

0.40

(1.11)

Maturity p

Within 12

Between

Between

Quantitat

Half perce

Half perce

Half perce

Half perce

Expected

32 ‐ Corpo

Current Ta

Current Ta

Deferred

Decrease

(Decrease

Income Ta

Profit bef

Rate of ta

Tax Expen

Expenses Expenses Carried foOthers

Income Ta

Increase/

end of the

Gross amo

Particular

Reconcilia

Tax effect

33 ‐ Tax Ex

Expected

period (G

profile of defi

2 months of the

2 and 5 years

6 and 10 years

tive sensitivity

entage point i

entage point d

entage point i

entage point d

contribution t

orate Social Re

ax:

ax on profits f

Tax:

/ (Increase) in

e) / Increase in

ax Expenses

fore income ta

x

nse at applicab

not deductibldeductible fo

orward losses

ax Expenses

(decrease) on

e year

ount required

rs

ation of tax ex

t of adjustmen

xpenses

contribution t

ratuity)

ned benefit o

e reporting pe

s

y analysis for s

ncrease in dis

decrease in dis

ncrease in sala

decrease in sal

to the defined

esponsibility (

or the year

n Deferred Tax

n Deferred Tax

axes

ble rate

le for tax purpor tax purpose

n present valu

to be spent b

xpense and acc

nts to reconcil

to the defined

obligation

eriod

significant assu

count rate

scount rate

ary increase ra

lary increase r

d benefit plan

CSR)

x Assets

x Liabilities

posess

e of defined b

y the Compan

counting profi

e expected

d benefit plan

Page 83

umption is as

ate

rate

for the next r

benefit obliga

ny for CSR duri

it

for the next r

below:

reporting perio

tion at the

ng the year is

eporting

0.2

1.4

‐

(0.2

0.4

0.4

(0.2

od

2018‐

1.4

Year ende

March 31, 20

7.0

15.0

22.0

37.8

26.0

9.8

8.8 (16.2 (2.3 22.0

22.0

`Nil (Previou

21

40

21) (

43

44

22) (

‐19 20

43

ed

019

Year e

March 31,

00

‐

03

03 1

86 2

00 2

84

82 29) (138) (02 1

02

(` in l

s year ‐ `Nil).

1.21

8.37

‐

(0.03)

0.03

0.02

(0.02)

017‐18

1.49

ended

, 2018

5.20

3.05

3.11

11.36

25.07

27.55

6.91

7.46 13.53)(1.55)12.07

11.36

akhs)

34. Financ

The follow

1.

2.

Leve

I. Figures

Other Fin

Borrowing

I. Figures

Loans

Leve

valu

The fair v

could be

sale.

Fair

Fina

The

inst

Leve

are

Financial

Financial

Financial

Non Curre

Loans

Current

Trade rece

Cash and

Loans

Other fina

Financial

Non Curre

Other fina

Current

Trade rece

Cash and

The

Financial

Current

Trade pay

cial Instrumen

wing methods

el 1 : Quoted

as at March 3

ancial Assets

gs

as at March 3

el 2 : Other te

ue are observa

values of the

exchanged in

values of cash

ancial instrum

company use

ruments by va

el 3 : Techniq

not based on

Instrument

Liabilities

Assets

ent

eivables

cash equivale

TOTAL

ancial assets

Assets

ent

ancial assets

eivables

cash equivale

re is no transf

TOTAL

TOTAL

Instrument

yables

nts ‐ Accountin

s and assumpt

(unadjusted)

1, 2019

1, 2018

echniques for

able, either di

financial asse

n a current tra

h and short te

ments with fixe

es the followi

aluation techn

ues which use

observable m

ents

ents

fer between le

ng Classificatio

tions were use

prices in activ

r which all in

rectly or indir

ets and liabil

nsaction betw

erm deposits, t

ed and variab

ng hierarchy f

nique:

e inputs that h

market data.

evel 1, 2 & 3 d

Page 84

on and Fair Va

ed to estimate

ve markets for

puts which ha

rectly.

ities are inclu

ween willing

trade and oth

ble interest ra

for determini

have a signific

during the yea

alue Measure

e the fair valu

r identical ass

Amortised

Cost

354.51

207.44

74.42

18.37

0.50

655.24

94.15

157.45

251.60

Amortised

Cost

207.08

91.78

8.03

388.13

5.08

700.10

ave a significa

uded at the a

parties, other

er short term

tes are evalu

ng and disclo

cant effects on

r.

ments

ues:

ets or liabiliti

Carryi

Amou

354.

207.4

74.4

18.

0.

655.2

94.

157.4

251.6

Carryi

Amou

207.0

91.

8.0

388.

5.0

700.

ant effects on

mount at whi

r than in a for

receivables, t

ated by the C

osing the fair

n the recorded

es.

(` in l

ing

unt Fair V

51 35

44 20

42 7

37 1

50

24 65

15 9

45 15

60 25

ing

unt Fair V

08 20

78 9

03

13 38

08

10 70

n the recorde

ich the instru

rced or liquid

trade payable

Company base

values of fina

d fair value tha

akhs)

Total

Value

54.51

07.44

74.42

18.37

0.50

55.24

94.15

57.45

51.60

Total

Value

07.08

91.78

8.03

88.13

5.08

00.10

d fair

ment

dation

es,

ed on

ancial

at

IV. Descri

The follow

Other No

Borrowing

Particular

No, financ

reconcilia

Current

Borrowing

Trade Pay

During th

Level 1 an

Financial

Non Curre

Borrowing

ption of signif

wing table sho

n‐Current Fina

gs (Non‐Curre

rs

cial instrumen

ation disclosur

gs

yables

TOTAL

he reporting p

nd Level 2 fair

Liabilities

ent

gs

ficant unobse

ows the valua

ancial Assets

ent)

nts have been

re relating to t

period ending

value measur

ervable inputs

tion techniqu

n routed throu

the same is no

g March 31, 20

rements.

Page 85

to valuation:

ues and inputs

ugh Other Com

ot applicable.

019 and March

20.75

100.71

18.84

140.30

s used for the

mprehensive I

h 31, 2018, the

20.

100.

18.8

140.3

financial instr

As

March 31, 20

Discounted C

using the

ncome and he

ere were no

75 2

71 10

84 1

30 14

ruments:

s at

019 March 31,

Cash Flow me

e risk adjusted

ence separate

transfers betw

20.75

00.71

18.84

40.30

As at

, 2018

ethod

d

e

ween

35 ‐ Relate

(a) Relate

‐ Key Man

Sr. No.

1

2

3

4

5

‐ Relative

Sr. No.

1

‐ Entities

Sr.

No

1

2

(b) Transa

(c) Balance

Previous y

Particulars

Salary

Purchase

Purchase o

Deposit re

Loan take

Particulars

Current bo

Trade pay

Other fina

ed Party Disclo

d Parties

nagement Pers

Name of KMP

Bhavin Shah

Shruti Shah

Yogesh M. Sha

Rony Shah

Akash Shah

e of Key Manag

Name of Relat

Ruchi Y. Shah

controlled by

Name of the C

actions with re

e outstanding

years’ figures a

s

of machinery

eceived back

n

s

orrowings

ables

ancial assets

Veer Energy &

Shah Pack N P

osures

sonnel (KMP)

P

ah

gement Person

tive of KMP

Directors or th

Company

lated parties:

at March 31, 2

are in italics

& Infrastructure

rint

nnel

heir relatives

2019:

e Limited

Page 86

Director

interested

Yogesh M. S

Bhavin S. Sh

Key Mana

Pe

and their r

Capac

Shah Mana

hah

agement

ersonnel

elatives

cont

Di

their

28.86

23.43

‐

‐

‐

‐

‐

92.00

Payable Re

94.00

92.00

126.83

‐

‐

‐

Comp

Desig

Mana

Execu

Direc

Chief

Daug

Shah

Relat

Relat

Direc

city

aging Director

Entities

trolled by

rectors or

r relatives

‐

‐ 2

220.72 2

‐

‐

136.91 13

‐

50.00 5

‐

‐ 9

eceivable

‐ 9

‐ 9

‐ 1

‐

200.00 20

200.00 20

pany Secretary

(` in l

gnation

aging Director

utive Director

ctor

f Financial Offi

hter of Yogesh

(Director)

tionship

tive of Managi

ctor

Total

28.86

23.43

20.72

‐

‐

36.91

‐

50.00

‐

92.00

Total

94.00

92.00

26.83

‐

00.00

00.00

y

lakhs)

icer

h M.

ng

36 ‐ Finan

Market ri

Interest r

Foreign cu

Credit risk

(i)Actual o

(ii)Actual o

(iv)Signific

(iii)Financi

mere its ob

The Comp

company's

Market ris

price of a

rates, fore

instrumen

deposits, f

The Comp

over the

objectives

departmen

borrowing

Interest ra

changes in

interest ex

risk manag

The Comp

exposed to

The Compa

consequen

Credit risk

manage th

financial c

Individual

The Comp

significant

significant

date with

looking inf

(v)Significa

guarantee

Financial a

engage in

debtor fai

written of

Where rec

ncial Risk Man

sk

ate risk

urrency risk

k

or expected sign

or expected sig

cant increase in

ial or economic

bligation,

any's financial

s financial risk m

k is the risk of

financial instru

eign currency e

ts. Market risk

foreign currenc

any manages m

entire process

s and policies, w

nt include man

g strategies, and

ate risk is the

n market intere

xpenses and to

gement by bala

pany’s borrowi

o interest rate

any operates lo

ntly the Compa

k arises from th

his, the Comp

ondition, curre

risk limits are s

pany considers

t increase in cre

t increase in cre

the risk of de

formation such

ant changes in

s or credit enha

assets are writ

a repayment p

ls to make con

ff, the Compan

coveries are ma

nagement and

nificant adverse

gnificant change

n credit risk on

c conditions tha

risk managem

management p

loss of future

ument. The val

exchange rates

k is attributable

cy receivables,

market risk thro

s of market ri

which are appr

agement of cas

d ensuring com

risk that fair v

st rates. In orde

o manage the i

ancing the prop

ngs are prima

risk.

ocally. The nat

any is not expos

he possibility t

pany periodica

ent economic t

set accordingly

the probabilit

edit risk on an

edit risk the co

fault as the da

h as:

the value of th

ancements.

tten off when

plan with the C

ntractual paym

ny continues to

ade, these are r

d Policies

e changes in bu

es in the opera

other financial

at are expected

ent is an integ

olicy is set by t

earnings, fair v

ue of a financi

s, equity price

e to all market

payables and lo

ough a Board o

sk manageme

roved by Senio

sh resources, im

mpliance with m

alue or future

er to optimize

interest rate ri

portion of fixed

rily in fixed ra

ure of its opera

sed to foreign e

that counter p

lly assesses th

rends, and ana

y.

y of default up

ongoing basis

ompany compa

ate of initial re

e collateral sup

there is no re

Company. The C

ments greater t

o engage in en

recognised in p

Page 87

usiness,

ting results of t

instruments o

d to cause a sig

gral part of how

the Managing B

values or futur

al instrument

es and other m

risk sensitive

oan borrowing

of Directors, wh

nt. The treasu

or Management

mplementing h

market risk limit

cash flows of

the company's

sk, treasury pe

rate and floati

ate interest be

ations does not

exchange risk i

party may not b

he financial re

alysis of histori

pon initial reco

s throughout ea

res the risk of

ecognition. It c

pporting the ob

easonable expe

Company categ

than 2 years p

nforcement act

profit or loss.

the counterpar

f the same cou

nificant change

w to plan and e

Board.

e cash flows th

may change as

market changes

financial instru

s.

hich evaluates a

ury departmen

t and the Audit

hedging strateg

ts and policies.

a financial ins

position with

erforms a comp

ing rate financi

earing. Hence,

t require it to tr

n various foreig

be able to sett

eliability of cu

ical bad debts a

ognition of ass

ach reporting p

a default occu

considers reaso

bligation or in t

ectation of rec

gorises a loan o

ast due. Wher

tivity to attem

rty.

unterparty.

e to the counte

execute its busi

hat may result f

s a result of cha

s that affect m

uments includi

and exercises i

nt recommend

t Committee. T

gies for foreign

strument will f

regards to the

prehensive cor

al instruments

the Company

ransact in in se

gn currencies.

tle their obliga

ustomers, takin

and ageing of a

set and wheth

period. To asse

urring an the as

onable and sup

the quality of th

covery, such as

or receivable f

re loans or rec

mpt to recover

rparty's ability

iness strategie

from a change

anges in the int

market risk sen

ing investment

independent co

s risk manage

The activities o

currency expo

fluctuate becau

interest incom

rporate interes

in it total portf

y is not signifi

veral currencie

ations as agree

ng into accoun

accounts receiv

er there has b

ess whether th

sset at the rep

pportive forwa

hird‐party

s a debtor fail

for write off w

ceivables have

the receivable

to

s. The

in the

terest

nsitive

ts and

ontrol

ement

of this

sures,

use of

me and

st rate

folio.

cantly

es and

ed. To

nt the

vable.

been a

here is

orting

rding‐

ing to

when a

been

e due.

I. Financia

Deposits

Total (A)

Trade rece

Total (A)

Within cre

Less than 6

More than

More than

Total

IV. Provis

Liquidity

Maturity p

Borrowing

Trade Paya

Total

Particulars

Particulars

Particulars

The compa

risk of de

allowance

Liquidity R

reasonable

manageme

Manageme

flows.

The table

reporting d

III. The ag

invoice fa

Particulars

II. Financi

(ECL)

al assets for w

eivables

dit period

6 months overd

6 months but w

1 year overdue

ion for expect

Risk

profile of financ

gs

ables

s

s

s

any has assets

fault is very l

is necessary in

Risk is defined

e price. The co

ent. In additio

ent monitors t

below provid

date based on c

geing analysis

alls due

s

ial assets for w

which loss allo

due

within 12 mont

e

ted credit los

cial liabilities

Les

where the cou

ow. Hence ba

n respect of abo

as the risk tha

ompany's treas

on, processes

the company's

des details reg

contractual und

s of these rec

which loss all

owance is mea

ths overdue

sses again "II"

ss than 1

year

1 to 5

94.15

157.45

251.60

unter‐ parties h

ased on histor

ove mentioned

t the company

sury departme

and policies

net liquidity p

garding the re

discounted pay

As at Marc

ceivables (gro

lowance is me

Page 88

asured using 1

and "III" abov

5 years T

‐ 94

‐ 157

‐ 251

have sufficient

ric default rate

d financial asset

y will not be ab

ent is responsi

related to su

position throug

emaining contr

yments.

ch 31, 2019

oss of provisi

easured using

12 months Exp

ve

Total Less than

ye

4.15 100.7

7.45 18.8

1.60 119.5

capacity to me

es, the Compa

ts.

ble to settle or

ible for liquidi

ch risks are o

gh rolling forec

ractual maturit

on) has been

g 12 months L

pected Credit

A

March 31, 2

207

207

A

March 31, 2

74

74

A

March 31, 2

72

1

0

74

n 1

ear

1 to 5 ye

71 20

84

55 20

eet the obligat

any believes t

meet its oblig

ity, funding as

overseen by s

cast on the bas

ties of financi

As at March

n considered

Life Time Expe

Losses (ECL)

(` in As at

2019 March 31

7.44 2

7.44 2

(` in As at

2019 March 31

4.42

4.42

(` in As at

2019 March 31

‐

2.04

1.62

0.76

4.42

(` in

ears

0.75 1

‐

0.75 1

tions and wher

hat, no impair

gations on time

s well as settle

enior manage

sis of expected

ial liabilities a

31, 2018

from the dat

ected Credit L

lakhs)

As at

1, 2018

207.08

207.08

lakhs)

As at

1, 2018

91.78

91.78

lakhs)

As at

1, 2018

‐

64.64

1.54

25.60

91.78

lakhs)

Total

121.46

18.84

140.30

re the

rment

e or at

ement

ment.

d cash

at the

e the

Losses

Capital ma

The compa

Total Debt

Equity

Capital and

Gearing ra

As per our

For M. H. D

Chartered

Firm Regis

Sd/‐

Devang M.

Partner

Membersh

Place: Mum

Date: May

Particulars

For the pu

The prima

manages i

anagement

any monitors ca

t

d total debt

atio

report of even

Dalal & Associa

Accountants

stration Numbe

. Dalal

hip Number: 10

mbai

28, 2019

s

rposes of the C

ary objective o

its capital stru

apital using gea

n date attached

ates

er: 112449W

09049

Company’s cap

of the Compa

cture and mak

aring ratio, whi

For an

Sd/‐

Bhavi

Mana

DIN: 0

Sd/‐

Rony

Comp

Place

Date:

ital manageme

ny’s Capital M

kes adjustmen

Page 89

ch is total debt

nd on behalf of

n Shah

ging Director

03129574

Shah

pany Secretary

: Mumbai

May 28, 2019

ent, capital incl

Management is

ts in the light

t divided by tot

f the board

udes issued ca

to maximise

t of changes in

tal capital plus

A

March 31, 2

94

1,328

1,422

6.

Sd/‐

Yogesh Sha

Director

DIN: 001691

Sd/‐

Akash Shah

Chief Finan

apital and all ot

shareholder v

n economic en

debt.

As at

2019 March 31

4.15 1

8.38 1,3

2.53 1,4

62%

ah

189

h

ncial Officer

ther equity rese

value. The com

nvironment an

As at

1, 2018

121.46

310.21

431.67

8.48%

erves.

mpany

nd the

RegisteTel: (022

[Pursuant to Secti

CIN

Name of the Co

Registered Offic

Name of the Me

Registered Add

E‐mail ID

Folio No./DP ID‐ I/We, __________

1. Name E‐mail ID

2. Name E‐mail ID

3. Name

E‐mail ID

as my/our proxyto be held on MMumbai ‐ 400 0

Resolutions

Ordinary Busi

1 Consider aand the re

2 Appointm

Special Busine

3 Re‐Appoin

4 Re‐appoin

Signed this .......

Signature of Sha NOTE: This forCompany, not l

red Office: 6292) 22018582 Fa

ion 105(6) of the C

ompany

ce

ember(s)

ress

‐Client ID

_______________

y to attend and Monday, 30th Sep093 and at any a

ness

and adopt Auditeports of the Boa

ment of Mr. Yoge

ess

ntment of Mr. B

ntment of Ms. Sh

.................. day

areholder .........

rm of proxy in ess than 48 hou

VE

9‐A, Gazdar Hoax: (022) 22072

Companies Act, 20

L65910MH19

Veerhealth Ca

629‐A, Gazda

________ being th

vote (on a poll)ptember, 2019 adjournment the

ted Financial Staard of Directors

sh M. Shah (DIN

havin Shah as M

hruti Y. Shah as

of .....................

.........................

order to be efurs before the co

EERHEALT

CIN: L65910

ouse, 1st Floor, 2644 Email: inf

FORMPR

013 and Rule 19(3)

92PLC067632

are Limited

r House, 1st Floo

he Member(s) of __

Address Address Address

for me/us and at 11.30 A.M. atreof in respect o

atement for the and Auditors th

N: 00169189), a D

Managing Directo

Executive Direct

... 2019.

............ Signat

ffective should ommencement

Page 90

TH CARE

0MH1992PLC

Near Kalbadevfo@veerhealth

M NO. MGT‐11ROXY FORM ) of the Companie

or, Near Kalbade

_________ shares

:

:

:

on my/our behat 6, New Nandu of such resolutio

financial year enhereon.

Director retiring

or of the Compa

tor of the Compa

ture of Proxyhol

be duly compof the Meeting.

LIMITED

C067632

vi Post Office, Jhcare.net Web

s (Management a

evi Post Office, J.

s of the above nam

Signature : __

Signature : __

Signature : __

alf at the 27th AnIndustrial Estatons as are indica

nded March 31,

g by rotation.

ny.

any.

lder(s) ...............

leted and depo.

J.S.S. Marg, Mbsite: www.vee

nd Administration

.S.S. Marg, Mum

med Company, her

______________

______________

______________

nnual General Me, Mahakali Cavated below:

Fo

2019

..........................

osited at the R

umbai – 400 0erhealthcare.n

n) Rules, 2014]

mbai ‐ 400002

reby appoint,

____ or failing h

____ or failing h

____

Meeting of the Cves Road, Andhe

Vote

or Agai

Affix Rev

Stamp of

.......

Registered Offic

02. et

im

im

Company, eri (East),

nst

venue

f Rs. 1

e of the

Mumbai

629-A, G

Nr. Kalba

J. S. S. Ro

Tel: +91 2

Fax: +91

Email: in

i Office:

azdar Hous

adevi Post O

oad, Mumba

22 22018582

22 22072644

nfo@veerhea

To, ___

___

___

e, 1st Floor,

Office,

ai – 400002

4

lthcare.net

___________

___________

___________

____________

____________

____________

___________

___________

___________

___

___

___

BOOK-PPOST

~ vczczrh~alth care ltd. -w-...8. brief in w prov 9. mem on th be av satur 10. the r 2019 meet 11....

Documents