Everrenew Energy Private Limited Due Diligence Report

EVERRENEW ENERGY PRIVATE LIMITED
Due Diligence Report
28 September, 2023
Chapter 1 Overview 5
1.1 Vitals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.2 Contact Details . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.3 Latest Filings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.4 Old Names Of This Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.5 Old Cins Of This Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.6 Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
1.7 Kyc Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
1.8 Financial Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
1.9 Auditors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
1.10 Tofler Score . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
1.11 Risk Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Chapter 2 Directors And Kmp 8

2.1 Current Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
2.2 Current Kmp Other Than Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
2.3 Other Directorships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
2.4 Previous Directors / Kmp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Chapter 3 Financials 11
3.1 Standalone Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
3.2 Standalone Profit And Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
3.3 Standalone Important Ratios . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Chapter 4 Capital 15
4.1 Captial And Debt Breakup . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
4.2 Equity Shareholding Pattern . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
4.3 Allotment Of Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Chapter 5 Peer Analysis 17

5.1 Peers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
5.2 Comparator . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
5.3 Financials Of Sun Photo Voltaic Energy India Private Limited . . . . . . . . . . . . . . . . . . 18
5.4 Financials Of Best Power Equipments India Private Limited . . . . . . . . . . . . . . . . . . . 25
5.5 Financials Of Hermes India Retail And Distributors Private Limited . . . . . . . . . . . . . . . 32
5.6 Financials Of Hinduja Energy (India) Limited . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Chapter 6 Charges On Assets 53

6.1 Charges On Assets - All . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
© TWS Systems Private Limited Page 2

6.2 Charges On Assets - Bank Wise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
Chapter 7 Credit Check 54

7.1 Bifr History . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
7.2 Credit Bureaus' Defaulters List . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
7.3 Ministry Of Corporate Affairs Defaulters List . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
Chapter 8 Group Structure 55

8.1 Holding Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
8.2 Subsidiary Companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
8.3 Joint Ventures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
8.4 Associates Companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
8.5 Companies Connected Through Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Chapter 9 Gst Compliance 58

9.1 Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58
9.2 Filing Details . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59
Chapter 10 Terms And Conditions 64

10.1 Copyright . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64
10.2 Note On Tofler Score . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64
10.3 Disclaimer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65

OVERVIEW
28 September, 2023
VITALS
EVERRENEW ENERGY PRIVATE LIMITED is an unlisted private company incorporated on 11 January, 2019. Its
registered office is at Aneja Towers, Plot No. 4 5, Developed Plot Estate for Elect rical, Electronics and Instrument
Indus, Saidapet, Kanchipuram, Tamil Nadu - 600096 and paid-up capital is INR 15.47 lac. Its last reported annual
general meeting, per our records, was held on 29 September, 2022. The company has 5 directors and key
management personnel.
Status Active Authorised share capital 1.00 cr
CIN U74999TN2019PTC126869 Paid up share capital 15.47 lac
Incorporation Date 11 January, 2019 Sum of existing charges 20.56 cr
Category Company limited by Shares Last reported AGM date 29 September, 2022
Sub-category Non-govt company Listing status Unlisted
CONTACT DETAILS
Registered Address
Email Address [email protected]
Aneja Towers, Plot No. 4 5, Developed Plot
Website Not available Estate for Elect rical, Electronics and Instrument
Telephone +914466565656 Indus Saidapet Kanchipuram Tamil Nadu -
600096
LATEST FILINGS
Latest Annual Return 31 March, 2022

Latest Balance Sheet 31 March, 2022
Latest Profit Loss 31 March, 2022
OLD NAMES OF THIS COMPANY
No previous names were found for this company.

OLD CINS OF THIS COMPANY
No previous cins were found for this company.
INDUSTRY
Business Services
KYC INFORMATION
Company PAN AAFCE3309J No. of Employees Unknown
FINANCIAL HIGHLIGHTS Figures in INR as on 31 March, 2022
Revenues 97.43 cr EBITDA 4.90 cr
Profit After Tax 3.36 cr Networth 2.74 cr
AUDITORS as on 28 September, 2023
Auditor Type Signatory Name Year

A.V. Deven Co. Auditor Firm SRIRAM.S 31 March, 2022

Tofler SCORE as on 19 Sep, 2023
Tofler Score for EVERRENEW ENERGY PRIVATE LIMITED
Tofler Score
factors:
Sustainability
Governance
Growth
RISK ANALYSIS as on 19 Sep, 2023
RISKS
Severe Risks
Not identified
Medium Risks
High leverage Leverage (assets to equity) is very high at 38.1
Low Risks
Low inventory The company is carrying low inventory relative to its sales. Days of inventory held is 0.
Gross margins deteriorating Gross margins of the company have dropped to 9.34%. This is below the 2 year
average of 100.00%.
* Please see note on Tofler score at the end of the report.

DIRECTORS AND KMP

28 September, 2023
CURRENT DIRECTORS as on 27 September, 2023
Directors name Age Date of Email address Designation

appointment
KANDASAMY 53 yrs 11 January, 2019 [email protected] Director
CHANDRAMOHAN m
RAAJA SUNDARAM 51 yrs 25 February, 2021 [email protected] Director
RAJA RAJU 41 yrs 24 May, 2023 [email protected] Director
GUNASEKARAN
CURRENT KMP OTHER THAN

as on 27 September, 2023
DIRECTORS
Directors name PAN Date of Email address Designation

appointment
VENKATESH ALRPR9462K 08 July, 2022 None KMP
RAJARATNAM
. ASHWIN AVTPA9629F 07 August, 2023 None KMP
OTHER DIRECTORSHIPS as on 27 September, 2023
Directors name Company name Designation Date of appointment

KANDASAMY NTC SHRISHA Director 10 January, 2018
CHANDRAMOHAN AFFORDABLE HOMES
LLP
NTC TRAINING Director 08 March, 2018
ACADEMY LLP
NTC ENGINEERING AND Director 12 November, 2018
PMC LLP
N TECH APPLIANCES Director 06 March, 2008
PRIVATE LIMITED
NTC APPLIANCES Director 30 May, 2011
PRIVATE LIMITED
TECHTRUCK PRIVATE Director 18 June, 2020
LIMITED

SCINNTC SUPPLY Director 08 October, 2018

CHAIN SOLUTIONS
PRIVATE LIMITED
NTC SHIPPING Director 12 November, 2010
SERVICES PRIVATE
LIMITED
NTC-TANSHU INDIA Director 26 March, 2021
PRIVATE LIMITED
AUTHENTIC GRAMIYA Director 04 January, 2021
MASALA PRIVATE
LIMITED
A SEAWAYS AND Director 17 July, 2019
PROJECTS PRIVATE
LIMITED
CARGONIX XPRESS Director 10 January, 2022
PRIVATE LIMITED
NTC HOLDINGS Director 04 January, 2001
PRIVATE LIMITED
YOUNG CHAMPIONS Director 22 April, 2021
SPORTS ASSOCIATION
INFLUX EVERRENEW Director 19 September, 2022
RENEWABLE ENERGY
PRIVATE LIMITED
BOXORY LOGISTICS Director 10 January, 2022
PRIVATE LIMITED
NTC LOGISTICS INDIA Director 01 January, 2008
PRIVATE LIMITED
SHREEVARI ENERGY Director 21 December, 2004
SYSTEMS PRIVATE
LIMITED
RAAJA SUNDARAM NTC SHRISHA Director 10 January, 2018
AFFORDABLE HOMES
LLP
NTC TRAINING Director 08 March, 2018
ACADEMY LLP
N TECH APPLIANCES Additional Director 15 June, 2010
PRIVATE LIMITED
NTC APPLIANCES Director 30 May, 2011
PRIVATE LIMITED
TECHTRUCK PRIVATE Director 18 June, 2020
LIMITED
SCINNTC SUPPLY Director 02 November, 2018
CHAIN SOLUTIONS
PRIVATE LIMITED
NTC SHIPPING Director 29 July, 2022
SERVICES PRIVATE
LIMITED
NTC-TANSHU INDIA Director 26 March, 2021
PRIVATE LIMITED

AUTHENTIC GRAMIYA Director 04 January, 2021

MASALA PRIVATE
LIMITED
A SEAWAYS AND Director 17 July, 2019
PROJECTS PRIVATE
LIMITED
CARGONIX XPRESS Director 10 January, 2022
PRIVATE LIMITED
NTC HOLDINGS Director 04 January, 2001
PRIVATE LIMITED
YOUNG CHAMPIONS Director 22 April, 2021
SPORTS ASSOCIATION
POWER PRESS Director 27 August, 2019
ENGINEERS INDIA
PRIVATE LIMITED
MAHA AUTO Director 04 January, 2021
COMPONENTS PRIVATE
LIMITED
BOXORY LOGISTICS Director 10 January, 2022
PRIVATE LIMITED
NTC LOGISTICS INDIA Director 01 April, 2008
PRIVATE LIMITED
SHREEVARI ENERGY Director 21 December, 2004
SYSTEMS PRIVATE
LIMITED
RAJA RAJU ONE HOMES REAL Director 26 February, 2023
GUNASEKARAN ESTATES PRIVATE
LIMITED
PREVIOUS DIRECTORS / KMP as on 27 September, 2023
No other directorships were found for this director.

FINANCIALS
28 September, 2023
STANDALONE BALANCE SHEET Figures in INR Lacs (rounded)
Particulars 31 March, 2022 31 March, 2021 31 March, 2020

EQUITY AND LIABILITIES
Shareholders Funds
Share Capital 13 10 10
Reserves and Surplus 261 -75 -81
Money Received Against - - -
Share Warrants
Share Application Money - - -
Pending Allotment
Non-Current Liabilities
Long Term Borrowings 15 110 7
Deferred Tax Liabilities 1 0 0
Other Long Term - - -
Liabilities
Long Term Provisions - - -
Current Liabilities
Short Term Borrowings - - -
Trade Payables 2,305 20 3
Other Current Liabilities 5,743 115 95
Short Term Provisions 2,099 13 7
Total Equity and 10,438 193 42
Liabilities
ASSETS
Non-Current Assets
Fixed Assets
Tangible Assets 108 17 19
Intangible Assets - - -
Capital - - -
Work-in-Progress
Intangible Assets - - -
Under Development
Non-Current Investments 3 - -
Deferred Tax Assets - - -

Long Term Loans and - 7 8

Advances
Other Non-Current 159 12 4
Assets
Current Assets
Current Investments - - -
Inventories - - -
Trade Receivables 1,521 51 4
Cash and Cash 2,132 4 7
Equivalents
Short Term Loans and 3,392 103 0
Advances
Other Current Assets 3,123 - -
Total Assets 10,438 193 42

STANDALONE PROFIT AND LOSS Figures in INR Lacs (rounded)

CONTINUING OPERATIONS
Revenue from operations 9,742 50 6
Other Income 1 - -
Total Revenue 9,743 50 6
Cost of Materials 8,831 - -
Consumed
Purchases of Stock in - - -
Trade
Changes in Inventory - - -
Employee Benefit 365 31 57
Expenses
Finance Costs 34 0 0
Depreciation and 6 2 0
Amortization
Other Expenses* 56 10 30
Total Expenses 9,293 43 87
Total Revneue Less 451 7 -80
Total Expenses
Prior Period and - - -
Exceptional Items
Profit Before 451 7 -80
Extraordinary Items
Extraordinary Items - - -
Profit Before Tax 451 7 -80
Current Tax Expense 114 2 -
Deferred Tax Expense 1 0 0
Profit From Continuing 336 5 -81
Operations
Profit From Discontinuing - - -
Operations (After Tax)
Net Profit/Loss 336 5 -81

STANDALONE IMPORTANT RATIOS

Leverage Ratios
Total Debt/Equity Ratio 20.99 N.A. N.A.
Total Assets/Equity Ratio 38.05 N.A. N.A.
Total Debt/Total Assets 0.55 1.16 2.45
Ratio
Interest Coverage Ratio 14.37 18.40 -365.53
Liquidity ratios
Quick Ratio 0.36 0.37 0.10
Current Ratio 1.00 1.06 0.11
Performance ratios
Gross Margin 9.34% 100.00% 100.00%
Net Margin 3.45% 10.79% -1268.60%
Return on Fixed Assets 311.39% 31.14% -434.25%
Return on Equity 122.63% N.A. N.A.
Return on Capital 261.29% 20.45% N.A.
Employed
Total Asset Turnover 0.93 0.26 0.15
Fixed Asset Turnover 90.18 2.89 0.34
Days Receivables 56 368 237
Outstanding
Days of Inventory 0 N.A. N.A.

CAPITAL
28 September, 2023
CAPTIAL AND DEBT BREAKUP as on 29 September, 2022
As on 29 Sep, 2022 29 Sep, 2022 10 Nov, 2021 31 Dec, 2020

Equity Capital 13.20 lac 13.20 lac 10.00 lac 10.00 lac
Preference Capital 0.00 0.00 0.00 0.00
Debentures 0.00 0.00 0.00 0.00
Non Convertible 0.00 0.00 0.00 0.00
Debentures
Partly Convertible 0.00 0.00 0.00 0.00
Debentures
Convertible 0.00 0.00 0.00 0.00
Debentures
EQUITY SHAREHOLDING PATTERN as on 29 September, 2022
Particulars % Shareholding
Individuals 54.54%
Government -
Government Companies -
Public Financials Companies -

Other Bodies
Corporate
Banks -
Individuals
Mututal Funds -
Venture Capital Funds -
Foreign Holdings -
Other Bodies Corporates 45.45%

ALLOTMENT OF SHARES
Date of allotment Cash/ without Types of No. of shares Amount

cash shares
30 December, 2022 Cash Debentures 22749 25.00 cr
22 November, 2021 Cash Equity 32000 3.20 lac

PEER ANALYSIS
28 September, 2023
PEERS
The following companies have been identified as peers of EVERRENEW ENERGY PRIVATE LIMITED
SUN PHOTO VOLTAIC ENERGY INDIA PRIVATE LIMITED
BEST POWER EQUIPMENTS INDIA PRIVATE LIMITED
HERMES INDIA RETAIL AND DISTRIBUTORS PRIVATE LIMITED
HINDUJA ENERGY (INDIA) LIMITED
COMPARATOR Figures in INR Lacs
Particulars EVERRENEW SUN PHOTO BEST POWER HERMES INDIA HINDUJA

ENERGY VOLTAIC EQUIPMENTS RETAIL AND ENERGY
PRIVATE ENERGY INDIA INDIA PRIVATE DISTRIBUTORS (INDIA)
LIMITED PRIVATE LIMITED PRIVATE LIMITED
LIMITED LIMITED
As on 31 March, 2022 31 March, 2022 31 March, 2022 31 March, 2022 31 March, 2023
Operating 9,742 8,838 15,594 17,550 2,784
Revenues
EBITDA 490 7,317 907 5,917 16,605
Net Profit 336 75 525 4,143 1,308
Net Margin 3.45% 0.78% 3.37% 23.53% 6.68%
Networth 274 12,683 2,616 7,674 133,089
Return on Equity 122.63% 0.59% 20.08% 53.99% 0.98%
Days 56.0 53.0 80.0 0.0 0.0
Receivables
Outstanding
Days Payables 94.0 None 115.0 45.0 2.0
Outstanding
Current Ratio 1.00 0.68 1.32 3.96 0.67
Debt to Equity 20.99 4.24 0.65 0.06 2.39
Ratio

FINANCIALS of SUN PHOTO

VOLTAIC ENERGY INDIA PRIVATE Figures in INR Lacs
LIMITED
STANDALONE BALANCE SHEET of SUN PHOTO VOLTAIC ENERGY INDIA PRIVATE LIMITED
Particulars 31 March, 31 March, 31 March, 31 March, 31 March,
2022 2021 2020 2019 2018
Shareholders Funds
Share Capital 10,516 10,516 8,796 8,796 6,785
Reserves and Surplus 2,167 2,093 1,326 2,786 708
Money Received Against - - - - -
Share Warrants
Share Application Money - - - - -
Pending Allotment
Long Term Borrowings 43,676 46,031 48,430 48,415 12,044
Deferred Tax Liabilities 1,371 1,270 1,226 - -
Other Long Term 7,308 6,787 6,330 6,679 7,982
Liabilities
Long Term Provisions - - - - -
Current Liabilities
Short Term Borrowings 2,114 - - - 40,370
Trade Payables 2,209 - - - -
Other Current Liabilities 617 5,060 9,651 15,768 14,553
Short Term Provisions - - - - -
Total Equity and 69,979 71,757 75,760 82,444 82,442
Liabilities
ASSETS
Non-Current Assets
Fixed Assets
Tangible Assets 64,541 66,821 68,790 71,336 73,646
Intangible Assets - - - - -
Capital - 172 458 714 1,127
Work-in-Progress
Under Development
Non-Current Investments - - - - -
Deferred Tax Assets - - - - -
Long Term Loans and 802 802 854 885 213
Advances

Other Non-Current 1,300 1,342 1,332 - -

Assets
Current Assets
Current Investments - - - - -
Inventories - - - - -
Trade Receivables 1,307 563 1,149 946 377
Cash and Cash 1,367 1,476 1,855 1,714 4
Equivalents
Short Term Loans and 210 206 174 133 112
Advances
Other Current Assets 451 377 1,148 6,715 6,962
Total Assets 69,979 71,757 75,760 82,444 82,442

STANDALONE PROFIT AND LOSS of SUN PHOTO VOLTAIC ENERGY INDIA PRIVATE LIMITED
2022 2021 2020 2019 2018
Revenue from operations 8,838 8,506 9,395 9,375 5,416
Other Income 730 230 1,149 1,030 5
Total Revenue 9,568 8,736 10,544 10,405 5,421
Cost of Materials - - - - -
Consumed
Purchases of Stock in - - - - -
Trade
Changes in Inventory - - - - -
Employee Benefit - - - - -
Expenses
Finance Costs 4,712 4,681 4,801 4,996 4,410
Depreciation and 2,430 2,427 2,977 2,974 2,686
Amortization
Other Expenses* 2,251 2,538 2,982 2,357 3,672
Total Expenses 9,393 9,646 10,778 10,339 10,785
Total Revneue Less 176 -909 -234 66 -5,363
Total Expenses
Prior Period and - - - - -
Exceptional Items
Profit Before 176 -909 -234 66 -5,363
Extraordinary Items
Extraordinary Items - - - - -
Profit Before Tax 176 -909 -234 66 -5,363
Current Tax Expense - - - - -
Deferred Tax Expense 101 44 1,226 - -
Profit From Continuing 75 -954 -1,460 66 -5,363
Operations
Profit From Discontinuing - - - - -
Net Profit/Loss 75 -954 -1,460 66 -5,363

STANDALONE CASHFLOWS of SUN PHOTO VOLTAIC ENERGY INDIA PRIVATE LIMITED

2022 2021 2020 2019 2018
CASH FLOW FROM OPERATING ACTIVITIES
Profit before extraordinary 176 -909 -234 66 -5,363
items and tax (A)
Adjustments to profit and loss:
Finance costs 4,712 - - - -
amortisation expenses
Impairment loss or - - - - -
reversal
Unrealised foreign -291 439 1,015 -483 1,837
exchange losses or gains
Dividend income - - - - -
Share based payments - - - - -
Other adjustments -243 66 -24 4,900 4,630
Total adjustments to profit 6,608 2,932 3,967 7,392 9,153
and loss (B)
Adjustments to working capital changes:
Trade receivables -744 586 -203 -569 -377
Other current and non - - - - -
current assets
Trade payables - - - - -
current liabilities
Provisions - - - - -
Total adjustments for -362 1,365 5,867 -843 -847
working capital changes
(C)
Cash flows from / used in 6,422 3,387 9,601 6,615 2,942
operations (A+B+C)
Adjustment for dividends - - - - -
received
Adjustment for interest 102 173 -4,717 - -
paid
Adjustment for interest - 4,616 167 - -
received
Adjustment for income -107 -3 162 9 358
taxes
Adjustment for other - 0 -85 - -
items
Adjustments for - - - - -
extraordinary items

Cash flows from / used 6,426 7,832 14,238 6,607 2,585

in operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Net proceeds from - - - - -
subsidiaries, other
associates
Proceeds from sale of - - - - -
tangible property
Purchase of tangible 130 3,679 7,567 1,476 35,360
property
intangible assets, etc
advances and
loans to other parties
Proceeds from - - - - -
government grants
derivates
received
Adjustment for interest 110 174 162 89 2
received
Adjustment for income - - - - -
taxes
Other adjustments 776 -781 -1,332 - -
extraordinary items
Cash flows from / used 755 -4,286 -8,738 -1,387 -35,358
in Investing activities
CASH FLOW FROM FINANCING ACTIVITIES
debentures,notes, bonds
etc
Proceeds from borrowings - - 405 39,884 35,949
Repayment of borrowings 2,822 1,813 1,655 41,194 1,100
paid
Adjustment for interest 3,686 6,324 4,109 6,203 2,313
paid
taxes
Other adjustments -48 772 - - -
extraordinary items
Cash flows from / used -6,557 -3,926 -5,359 -3,490 32,536
in Financing activities

CASH FLOW STATEMENT

Cash and equivalents at 704 1,855 1,714 -15 242
the beginning
operating activties
Cash flows from / used in 755 -4,286 -8,738 -1,387 -35,358
investing activties
Cash flows from / used in -6,557 -3,926 -5,359 -3,490 32,536
financing activties
Adjustments for exchange - - - - -
rate changes
Cash and equivalents at 1,330 1,476 1,855 1,714 4
the end

STANDALONE IMPORTANT RATIOS of SUN PHOTO VOLTAIC ENERGY INDIA PRIVATE LIMITED
2022 2021 2020 2019 2018
Leverage Ratios
Total Debt/Equity Ratio 4.24 4.59 6.36 6.12 10.00
Total Assets/Equity Ratio 5.52 5.69 7.48 7.12 11.00
Total Debt/Total Assets 0.77 0.81 0.85 0.86 0.91
Ratio
Interest Coverage Ratio 1.04 0.81 0.96 1.02 -0.21
Liquidity ratios
Quick Ratio 0.54 0.40 0.31 0.17 0.01
Current Ratio 0.68 0.52 0.45 0.60 0.14
Performance ratios
Gross Margin 100.00% 100.00% 100.00% 100.00% 100.00%
Net Margin 0.78% -10.91% -13.85% 0.64% -98.93%
Return on Fixed Assets 0.12% -1.42% -2.11% 0.09% -7.17%
Return on Equity 0.59% -7.56% -14.42% 0.57% -71.58%
Return on Capital 0.12% -1.48% -2.28% 0.10% -19.64%
Employed
Total Asset Turnover 0.14 0.12 0.14 0.13 0.07
Fixed Asset Turnover 0.14 0.13 0.14 0.13 0.07
Days Receivables 53 24 44 36 25
Outstanding
Days of Inventory N.A. N.A. N.A. N.A. N.A.

FINANCIALS of BEST POWER

EQUIPMENTS INDIA PRIVATE Figures in INR Lacs
LIMITED
STANDALONE BALANCE SHEET of BEST POWER EQUIPMENTS INDIA PRIVATE LIMITED
2022 2021 2020 2019 2018
Shareholders Funds
Share Capital 914 914 914 914 183
Reserves and Surplus 1,703 1,177 875 569 1,066
Share Warrants
Pending Allotment
Long Term Borrowings 510 562 432 310 81
Deferred Tax Liabilities 79 60 41 25 23
Other Long Term 5 9 9 19 -
Liabilities
Long Term Provisions 60 62 65 47 -
Current Liabilities
Short Term Borrowings 1,037 626 402 690 868
Trade Payables 4,401 3,849 3,676 2,568 2,131
Other Current Liabilities 157 143 113 120 239
Short Term Provisions 228 141 150 141 -
Total Equity and 9,094 7,544 6,676 5,403 4,590
Liabilities
ASSETS
Non-Current Assets
Fixed Assets
Tangible Assets 1,310 1,298 1,057 493 369
Capital - - - 287 -
Work-in-Progress
Under Development
Non-Current Investments - - - - 87
Long Term Loans and 71 34 20 142 -
Advances

Other Non-Current 46 15 33 29 -
Assets
Current Assets
Inventories 3,730 2,102 2,323 1,426 1,424
Trade Receivables 3,437 3,732 2,764 2,728 2,457
Cash and Cash 7 44 45 18 23
Equivalents
Advances
Other Current Assets 310 222 246 185 -
Total Assets 9,094 7,544 6,676 5,403 4,590

STANDALONE PROFIT AND LOSS of BEST POWER EQUIPMENTS INDIA PRIVATE LIMITED
2022 2021 2020 2019 2018
Other Income 11 111 69 34 46
Total Revenue 15,604 12,250 13,147 12,482 10,384
Cost of Materials 1,317 770 751 1,111 1,363
Consumed
Purchases of Stock in 12,075 8,854 10,256 9,113 7,216
Trade
Changes in Inventory -1,276 65 -538 -134 -165
Employee Benefit 735 589 642 542 489
Expenses
Finance Costs 128 118 102 89 97
Depreciation and 47 41 31 25 24
Amortization
Other Expenses* 1,846 1,377 1,475 1,408 1,159
Total Expenses 14,872 11,814 12,721 12,153 10,182
Total Revneue Less 732 435 426 330 201
Total Expenses
Exceptional Items
Profit Before 732 435 426 330 201
Extraordinary Items
Profit Before Tax 732 435 426 330 201
Current Tax Expense 188 104 104 92 66
Deferred Tax Expense 19 19 16 3 12
Profit From Continuing 525 312 306 234 123
Operations
Net Profit/Loss 525 312 306 234 123

STANDALONE CASHFLOWS of BEST POWER EQUIPMENTS INDIA PRIVATE LIMITED

2022 2021 2020 2019 2018
Profit before extraordinary 732 435 426 330 201
items and tax (A)
Finance costs - - - - -
reversal
Unrealised foreign - - - - -
Other adjustments - - - 79 0
Total adjustments to profit 47 41 31 104 24
and loss (B)
Inventories -1,628 220 -896 -2 -332
Trade receivables 296 -968 -36 -271 -377
current assets
Trade payables 551 174 1,108 436 75
current liabilities
Provisions 1 -12 13 13 -8
Total adjustments for -814 -532 119 192 -686
(C)
Cash flows from / used in -36 -55 577 625 -461
operations (A+B+C)
received
Adjustment for interest 128 118 102 89 97
paid
Adjustment for interest -2 -2 -3 -3 -5
received
Adjustment for income 155 - - - -
taxes
Adjustment for other 147 301 274 -8 346
items
extraordinary items

Cash flows from / used -173 125 745 526 -217

subsidiaries, other
associates
tangible property
Purchase of tangible 59 282 596 149 -
property
advances and
government grants
derivates
received
Adjustment for interest 2 2 3 3 -
received
taxes
Other adjustments - - 287 -287 -
extraordinary items
Cash flows from / used -57 -280 -306 -432 -
etc
Proceeds from borrowings 52 130 122 258 -
Repayment of borrowings -305 - - 255 -
paid
Adjustment for interest - - - - -
paid
taxes
Other adjustments -164 107 -391 -11 -
extraordinary items
Cash flows from / used 193 237 -269 -7 -

CASH FLOW STATEMENT

Cash and equivalents at 42 -75 -168 -85 217
the beginning
Cash flows from / used in -173 125 745 526 -217
operating activties
Cash flows from / used in -57 -280 -306 -432 -
investing activties
Cash flows from / used in 193 237 -269 -7 -
financing activties
rate changes
Cash and equivalents at 5 7 1 1 -
the end

STANDALONE IMPORTANT RATIOS of BEST POWER EQUIPMENTS INDIA PRIVATE LIMITED

2022 2021 2020 2019 2018
Leverage Ratios
Ratio
Interest Coverage Ratio 6.73 4.68 5.16 4.73 3.07
Liquidity ratios
Quick Ratio 0.59 0.79 0.65 0.78 0.77
Current Ratio 1.32 1.30 1.28 1.27 1.28
Performance ratios
Gross Margin 22.30% 20.18% 19.94% 18.95% 18.61%
Net Margin 3.37% 2.55% 2.33% 1.88% 1.18%
Return on Fixed Assets 40.09% 24.05% 28.98% 30.07% 33.27%
Return on Equity 20.08% 14.93% 17.12% 15.81% 9.84%
Return on Capital 16.66% 11.41% 13.41% 13.69% 9.71%
Employed
Outstanding
Days of Inventory 112 79 80 51 61

FINANCIALS of HERMES INDIA

RETAIL AND DISTRIBUTORS Figures in INR Lacs
PRIVATE LIMITED
STANDALONE BALANCE SHEET of HERMES INDIA RETAIL AND DISTRIBUTORS PRIVATE LIMITED
2022 2021 2020 2019 2018
Shareholders Funds
Share Capital 944 944 944 944 944
Reserves and Surplus 6,731 5,418 3,496 2,797 2,377
Share Warrants
Pending Allotment
Long Term Borrowings - - - - -
Deferred Tax Liabilities - - - - -
Other Long Term - - - - -
Liabilities
Long Term Provisions 64 57 83 71 96
Current Liabilities
Short Term Borrowings - - - - -
Trade Payables 1,390 956 725 1,405 1,453
Other Current Liabilities 448 645 242 391 1,040
Short Term Provisions 82 17 36 58 54
Total Equity and 9,657 8,036 5,524 5,666 5,963
Liabilities
ASSETS
Non-Current Assets
Fixed Assets
Tangible Assets 866 1,129 1,605 1,875 2,228
Intangible Assets 5 3 8 8 12
Capital - 6 1 - -
Work-in-Progress
Under Development
Non-Current Investments - - - - -
Deferred Tax Assets 822 866 781 867 790
Long Term Loans and 41 353 302 376 304
Advances

Other Non-Current 330 2 2 2 2

Assets
Current Assets
Inventories 3,120 1,685 1,686 1,596 1,466
Trade Receivables - - - 169 95
Cash and Cash 3,978 3,808 943 557 1,033
Equivalents
Advances
Other Current Assets 135 48 - 2 -
Total Assets 9,657 8,036 5,524 5,666 5,963

STANDALONE PROFIT AND LOSS of HERMES INDIA RETAIL AND DISTRIBUTORS PRIVATE LIMITED
2022 2021 2020 2019 2018
Other Income 56 66 53 0 1
Total Revenue 17,605 11,188 11,629 10,966 9,878
Consumed
Purchases of Stock in 9,535 5,294 5,347 5,134 4,618
Trade
Changes in Inventory -1,282 -184 -90 -130 -101
Expenses
Finance Costs 1 3 2 10 114
Amortization
Other Expenses* 2,793 2,198 2,285 2,143 2,237
Total Expenses 11,988 8,585 8,729 8,300 7,773
Total Revneue Less 5,617 2,603 2,900 2,666 2,105
Total Expenses
Exceptional Items
Profit Before 5,617 2,603 2,900 2,666 2,105
Extraordinary Items
Profit Before Tax 5,617 2,603 2,900 2,666 2,105
Current Tax Expense 1,430 765 791 869 723
Deferred Tax Expense 44 -84 85 -77 172
Profit From Continuing 4,143 1,923 2,024 1,874 1,210
Operations
Net Profit/Loss 4,143 1,923 2,024 1,874 1,210

STANDALONE CASHFLOWS of HERMES INDIA RETAIL AND DISTRIBUTORS PRIVATE LIMITED

2022 2021 2020 2019 2018
Profit before extraordinary 5,617 2,603 2,900 2,666 2,105
items and tax (A)
Finance costs - - - 10 114
reversal
Unrealised foreign 0 0 4 0 1
Other adjustments -208 121 21 93 -175
Total adjustments to profit 90 604 510 569 280
and loss (B)
Inventories -1,282 -184 -164 -257 70
Trade receivables - - 169 -74 -77
current assets
Trade payables 435 231 -684 -141 787
current liabilities
Provisions 5 5 27 13 58
Total adjustments for -1,318 501 -761 -353 706
(C)
operations (A+B+C)
received
paid
received
Adjustment for income 1,422 819 795 866 727
taxes
Adjustment for other - - - - -
items
extraordinary items

Cash flows from / used 2,967 2,889 1,854 2,016 2,364

subsidiaries, other
associates
tangible property
Purchase of tangible 20 23 143 176 1,103
property
advances and
government grants
derivates
received
Adjustment for interest 53 0 0 0 -
received
taxes
Other adjustments - - - - -
extraordinary items
Cash flows from / used 33 -23 -143 -176 -1,103
etc
Proceeds from borrowings - - - - 1,250
Repayment of borrowings - - - 850 1,900
Adjustment for dividends 2,831 - 1,099 1,208 -
paid
Adjustment for interest - - - 13 117
paid
Adjustment for income - - 226 246 -
taxes
Other adjustments - - - - -
extraordinary items
Cash flows from / used -2,831 - -1,325 -2,317 -767

CASH FLOW STATEMENT

Cash and equivalents at 3,808 943 557 1,033 540
the beginning
operating activties
Cash flows from / used in 33 -23 -143 -176 -1,103
investing activties
Cash flows from / used in -2,831 - -1,325 -2,317 -767
financing activties
rate changes
Cash and equivalents at 3,978 3,808 943 557 1,033
the end

STANDALONE IMPORTANT RATIOS of HERMES INDIA RETAIL AND DISTRIBUTORS PRIVATE LIMITED
2022 2021 2020 2019 2018
Leverage Ratios
Ratio
Liquidity ratios
Quick Ratio 2.07 2.36 0.94 0.39 0.44
Current Ratio 3.96 3.51 2.82 1.37 1.03
Performance ratios
Gross Margin 52.98% 54.06% 54.59% 54.37% 54.27%
Net Margin 23.53% 17.18% 17.40% 17.09% 12.25%
Return on Fixed Assets 475.24% 168.91% 125.41% 99.53% 54.02%
Return on Equity 53.99% 30.22% 45.59% 50.10% 36.45%
Employed
Outstanding

FINANCIALS of HINDUJA ENERGY

Figures in INR Lacs
(INDIA) LIMITED
STANDALONE BALANCE SHEET (IND-AS) of HINDUJA ENERGY (INDIA) LIMITED
2023 2022 2021 2020 2019
Equity Share Capital 56,647 56,647 56,647 56,647 56,647
Other Equity 76,442 75,134 91,195 86,545 83,463
Financial Liabilities
Borrowings - - - 7,068 13,800
Trade Payables - - - - -
Other Financial - - - - -
Liabilities
Provisions - - - - -
Deferred Tax Liabilities - - - - -
Other Liabilities - - - - -
Current Liabilities
Borrowings 315,910 296,341 199,176 88,076 104,338
Trade Payables 17 18 167 1,740 2,810
Other Financial 406 1,554 4,874 10,680 8,740
Liabilities
Provisions 1 4 4 2 2
Current Tax Liabilities - - - - -
Other Liabilities 1,281 304 105 562 148
Liabilities Associated With - - - - -
Assets In Disposal Group
Regulatory Deferral - - - - -
Account Credit Balances
Total Equity and 450,704 430,002 352,168 251,320 269,948
Liabilities
ASSETS
Non-Current Assets
Property, Plant and - - - - -
Equipment
Capital Work-in-Progress - - - - -
Investment Property - - - - -
Goodwill - - - - -

Intangible Assets Under - - - - -

Development
Financial Assets
Investments 235,804 225,001 97,804 93,309 89,555
Trade Receivables - - - - -
Loans - - - - -
Other Financial Assets - - - - -
Other Assets 1,698 2,286 2,793 - -
Current Assets
Financial Assets
Investments - - - - -
Trade Receivables - - 17 1,267 3,494
Cash and Cash - 28 1,670 1,480 157
Equivalents
Other Bank Balances - - - - -
Loans 213,107 159,252 215,033 152,033 175,211
Other Assets - 43,435 34,629 - -
Current Tax Assets - - - 2,857 1,204
Other Assets 95 - 222 374 327
Noncurrent Assets Held - - - - -
For Sale
Account Debit Balances
Total Assets 450,704 430,002 352,168 251,320 269,948

STANDALONE PROFIT AND LOSS (IND-AS) of HINDUJA ENERGY (INDIA) LIMITED

2023 2022 2021 2020 2019
Revenue from operations 2,784 - - 1,202 7,044
Other Income 16,787 11,761 11,917 16,424 6,778
Total Revenue 19,571 11,761 11,917 17,626 13,822
Consumed
Purchases of Stock in 2,779 - - 1,183 7,029
Trade
Expenses
Finance Costs 26,085 16,564 11,540 16,976 6,664
Depreciation and - - - - -
Amortization
Other Expenses* 169 421 204 126 65
Total Expenses 29,051 17,000 11,762 18,298 13,773
Total Revneue Less -9,480 -5,239 155 -672 49
Total Expenses
Prior Period and 10,803 -10,803 - - -
Exceptional Items
Profit Before Tax 1,323 -16,042 155 -672 49
Current Tax Expense 15 19 - - 13
Deferred Tax Expense - - - - -
Net Movement in - - - - -
Regulatory Deferral
Account Balances
Profit From Continuing 1,308 -16,061 155 -672 36
Operations
Net Profit/Loss 1,308 -16,061 155 -672 36
Other Comprehensive - - - - -
Income
Total Comprehensive 1,308 -16,061 155 -672 36
Income/Loss

STANDALONE CASHFLOWS (IND-AS) of HINDUJA ENERGY (INDIA) LIMITED

2023 2022 2021 2020 2019
Profit before tax 1,323 -16,042 155 -672 49
Finance costs 26,085 16,563 11,540 16,976 6,664
Depreciation and - - - - -
reversal
Unrealised foreign - - - - -
exchange
losses or gains
Interest income 16,787 11,645 11,776 16,424 6,771
Other adjustments 10,824 4,013 393 2,088 -1,148
Adjustments to working capital changes
Trade receivables - 17 1,250 2,226 -2,543
Other assets and other -95 222 153 -48 -326
financial assets
Other bank balances - - - - -
Trade payables 647 -1,342 -231 -1,055 1,731
Other liabilities and other 977 199 -457 413 110
financial liabilities
Provisions -3 -1 -86 - 1
Cash flows from / used in 12,147 -12,029 548 1,416 -1,092
operations (A+B+C)
received
paid
Adjustment for interest - - -54 - -
received
Adjustment for income - 99 - - -
items
Adjustment for other -10,803 10,803 - - -
items
Cash flows from / used 1,344 -1,325 494 1,416 -1,092


subsidiaries, other
associates
property,
plant and equipment
Purchase of property, - - - - -
plant and equipment
Net proceeds from sale of - - - - -
investment property
government grants
other
long term assets
Net proceeds from 117,937 82,219 87,017 - -
advances and
derivates
received
Adjustment for interest 1,731 1,585 898 1,642 675
received
Adjustment for income -716 -588 -149 1,653 739
taxes
Other adjustments - - - 37,960 -89,460
Cash flows from / used 6,142 -80,046 -85,970 37,949 -89,524
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from change - - - - -
in interest in subsidiaries
Net proceeds from equity - - - - -
debentures, notes, bonds
etc
Proceeds from borrowings 1,313,780 845,180 201,015 163,285 136,786
Repayment of borrowings 1,304,588 751,456 103,760 185,015 40,972
Payments of lease - - - - -
liabilities
paid
paid
taxes

Other adjustments -16,706 -13,995 -11,589 -16,313 -5,871

Cash flows from / used -7,514 79,729 85,666 -38,043 89,943
CASH FLOW STATEMENT
Cash and equivalents at 28 1,670 1,480 158 830
the beginning
Cash flows from / used in 1,344 -1,325 494 1,416 -1,092
operating activties
Cash flows from / used in 6,142 -80,046 -85,970 37,949 -89,524
investing activties
Cash flows from / used in -7,514 79,729 85,666 -38,043 89,943
financing activties
rate changes
Cash and equivalents at - 28 1,670 1,480 157
the end

STANDALONE IMPORTANT RATIOS of HINDUJA ENERGY (INDIA) LIMITED

2023 2022 2021 2020 2019
Leverage Ratios
Ratio
Liquidity ratios
Quick Ratio 0.00 0.00 0.01 0.03 0.03
Current Ratio 0.67 0.68 1.23 1.56 1.55
Performance ratios
Gross Margin 0.18% N.A. N.A. 1.58% 0.21%
Net Margin 6.68% -136.56% 1.30% -3.81% 0.26%
Return on Fixed Assets N.A. N.A. N.A. N.A. N.A.
Return on Equity 0.98% -12.19% 0.10% -0.47% 0.03%
Return on Capital N.A. N.A. 24.75% 28.63% 10.43%
Employed
Fixed Asset Turnover N.A. N.A. N.A. N.A. N.A.
Days Receivables 0 N.A. N.A. 384 181
Outstanding
Days of Inventory 0 N.A. N.A. 0 0

CONSOLIDATED BALANCE SHEET (IND-AS) of HINDUJA ENERGY (INDIA) LIMITED

2023 2022 2021 2020 2019
Equity Share Capital 56,647 56,647 56,647 56,647 56,647
Other Equity 58,528 84,433 74,727 80,383 85,020
Borrowings 486,325 586,674 501,859 569,448 496,084
Trade Payables - - - - -
Other Financial 2,727 - - - -
Liabilities
Provisions 184 178 172 267 319
Deferred Tax Liabilities 62,968 - - - -
Other Liabilities - - - - -
Current Liabilities
Borrowings 456,418 354,829 283,688 169,712 180,274
Trade Payables 10,090 4,128 5,314 6,803 12,754
Other Financial 146,661 87,282 164,882 100,796 92,785
Liabilities
Provisions 213 551 537 311 354
Current Tax Liabilities - - - - -
Other Liabilities 16,334 14,708 14,087 15,570 14,458
Liabilities Associated With - - - - -
Assets In Disposal Group
Account Credit Balances
Total Equity and 1,373,486 1,281,678 1,179,936 1,083,650 1,026,364
Liabilities
ASSETS
Non-Current Assets
Property, Plant and 423,643 442,450 495,880 549,343 602,295
Equipment
Capital Work-in-Progress 9,300 9,300 9,300 9,300 9,418
Investment Property - - - - -
Goodwill - - - - -
Intangible Assets - - 63 246 416
Intangible Assets Under - - - - -
Development
Financial Assets
Trade Receivables - - - - -

Loans - - 14 13 13
Other Financial Assets 6,435 6,870 6,556 5,691 5,903
Deferred Tax Assets - 7,917 142,076 123,291 103,216
Other Assets 3,121 3,461 3,525 3,972 775
Current Assets
Inventories 7,168 3,145 7,652 1,603 4,852
Financial Assets
Trade Receivables 222,801 232,405 158,875 97,346 76,409
Cash and Cash 68,058 1,517 2,692 13,908 1,596
Equivalents
Other Bank Balances - 12,057 10,822 8,292 505
Loans - 16,400 31,594 7,367 38
Other Assets 34,978 1 1,402 2 -
Current Tax Assets - - - - 1,472
Other Assets 15,994 7,590 2,158 4,880 11,849
Noncurrent Assets Held - - - - -
For Sale
Regulatory Deferral 581,050 537,757 306,648 257,842 207,213
Account Debit Balances
Total Assets 1,373,486 1,281,678 1,179,936 1,083,650 1,026,364

CONSOLIDATED PROFIT AND LOSS (IND-AS) of HINDUJA ENERGY (INDIA) LIMITED

2023 2022 2021 2020 2019
Other Income 35,854 1,187 2,684 625 661
Total Revenue 320,984 149,729 178,921 231,028 197,738
Cost of Materials 154,252 8,609 32,277 84,878 31,170
Consumed
Purchases of Stock in 2,779 - - 1,183 7,029
Trade
Employee Benefit 1,531 1,598 1,982 1,660 2,035
Expenses
Finance Costs 99,743 84,889 87,469 83,532 72,478
Amortization
Other Expenses* 14,972 10,773 11,251 11,539 10,520
Total Expenses 292,127 159,382 186,641 236,442 177,291
Total Revneue Less 28,857 -9,653 -7,720 -5,414 20,447
Total Expenses
Prior Period and - 3,658 - 128 101
Exceptional Items
Profit Before Tax 28,857 -5,995 -7,720 -5,286 20,548
Current Tax Expense 15 - - - 12
Deferred Tax Expense 70,886 -29,790 7,426 7,116 34,581
Net Movement in - - - - -
Regulatory Deferral
Account Balances
Profit From Continuing -42,044 23,795 -15,146 -12,402 -14,045
Operations
Net Profit/Loss -41,907 23,920 -15,022 -12,402 -14,045
Other Comprehensive 145 11 -45 60 -18
Income
Total Comprehensive -41,762 23,931 -15,067 -12,342 -14,063
Income/Loss

CONSOLIDATED CASHFLOWS (IND-AS) of HINDUJA ENERGY (INDIA) LIMITED

2023 2022 2021 2020 2019
Profit before tax 28,857 -5,995 -7,720 -5,286 20,548
Adjustments to profit and
loss:
Finance costs 99,743 84,889 83,748 - 618
reversal
Unrealised foreign 508 60 22 513 95
Interest income 727 1,143 2,475 - -
Other adjustments 87,933 65,196 67,258 38,475 4,072
Adjustments to working
capital changes
Inventories -4,023 4,507 -6,050 3,250 3,893
Trade receivables 9,604 -73,531 -61,528 -20,937 -58,071
Other assets and other -43,382 -5,428 2,745 6,979 -5,046
financial assets
Other bank balances - - - - -
Trade payables 5,962 1,209 -1,483 -5,937 6,035
Other liabilities and other 1,626 619 -1,483 1,112 990
financial liabilities
Provisions -333 21 130 -84 -48
operations (A+B+C)
received
Adjustment for interest - - 57 -79,782 -67,870
paid
Adjustment for interest - - - -610 -291
received
Adjustment for income -376 -509 -282 1,681 721
items
Adjustment for other -43,156 -71,020 -71,435 -74,183 -105,798
items
Cash flows from / used 73,995 -11,550 -11,658 36,497 -14,320
CASH FLOWS FROM
INVESTING ACTIVITIES


subsidiaries, other
associates
property,
plant and equipment
Purchase of property, 270 52 419 706 1,642
plant and equipment
investment property
government grants
other
long term assets
Net proceeds from 64,600 -15,190 24,250 - -
advances and
derivates
received
Adjustment for interest 1,125 538 537 59 101
received
taxes
Other adjustments 11,879 -1,032 -2,843 -14,365 -1,309
Cash flows from / used 29,134 14,644 -26,975 -15,012 -2,850
CASH FLOWS FROM
FINANCING ACTIVITIES
Net proceeds from change - - - - -
in interest in subsidiaries
Net proceeds from equity - - - - -
debentures, notes, bonds
etc
Proceeds from borrowings 1,383,037 819,158 478,433 213,611 85,350
Repayment of borrowings 1,330,754 763,420 399,512 158,170 17,918
Payments of lease 802 718 641 705 452
liabilities
paid
Adjustment for interest 88,069 59,289 50,863 72,099 63,053
paid


taxes
Other adjustments - - - 8,190 12,634
Cash flows from / used -36,588 -4,269 27,417 -9,173 16,561
CASH FLOW
STATEMENT
Cash and equivalents at 1,517 2,692 13,908 1,596 2,205
the beginning
Cash flows from / used in 73,995 -11,550 -11,658 36,497 -14,320
operating activties
Cash flows from / used in 29,134 14,644 -26,975 -15,012 -2,850
investing activties
Cash flows from / used in -36,588 -4,269 27,417 -9,173 16,561
financing activties
rate changes
Cash and equivalents at 68,058 1,517 2,692 13,908 1,596
the end

CONSOLIDATED IMPORTANT RATIOS of HINDUJA ENERGY (INDIA) LIMITED

2023 2022 2021 2020 2019
Leverage Ratios
Ratio
Liquidity ratios
Quick Ratio 0.46 0.51 0.34 0.38 0.26
Current Ratio 0.55 0.59 0.46 0.45 0.32
Performance ratios
Gross Margin 44.93% 94.20% 81.69% 62.65% 80.62%
Net Margin -13.06% 15.98% -8.40% -5.37% -7.10%
Return on Fixed Assets -9.68% 5.29% -2.97% -2.22% -2.29%
Return on Equity -36.39% 16.95% -11.43% -9.05% -9.91%
Employed
Outstanding

CHARGES ON ASSETS
28 September, 2023
CHARGES ON ASSETS - ALL
Charge ID Date Amount Holder

100715538 01 April, 2023 45.52 lac Axis Bank Limited
100508284 04 January, 2023 19.00 cr KOTAK MAHINDRA BANK LIMITED
CHARGES ON ASSETS - BANK WISE
Holders No. of Loans Total Amount

Axis Bank Limited 3 1.56 cr
KOTAK MAHINDRA BANK LIMITED 1 19.00 cr

CREDIT CHECK
28 September, 2023
BIFR HISTORY
This company has no BIFR cases, as per our records.
CREDIT BUREAUS' DEFAULTERS LIST
This company does not appear in the defaulters list of Credit Bureaus, as per our records.
MINISTRY OF CORPORATE AFFAIRS DEFAULTERS LIST
This company does not appear in the defaulters list of MCA, as per our records.

GROUP STRUCTURE
28 September, 2023
HOLDING COMPANY
No holding company found.
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U45400TN2022PTC UTHIYUR WIND PARK PRIVATE 12 January, 95.0% 1.00 lac
149158 LIMITED 2022
U40200TN2022PTC NAVALADI WIND PARK PRIVATE 12 January, 95.0% 1.00 lac
149161 LIMITED 2022
U45309TN2022PTC OTTAPIDARAM SOLAR PARK 28 January, 95.0% 1.00 lac
U45400TN2022PTC OTTAPIDARAM WIND PARK 03 January, 95.0% 1.00 lac
U45400TN2021PTC VELLIYANAI WIND PARK PRIVATE 07 December, 95.0% 1.00 lac
148442 LIMITED 2021
U40106TN2021PTC NANNAI SOLAR PARK PRIVATE 31 December, 95.0% 1.00 lac
148931 LIMITED 2021
U45309TN2022PTC RASATHIVALASU WIND PARK 12 January, 95.0% 1.00 lac
U45400TN2022PTC UTHIYUR WIND PARK PRIVATE 12 January, 95.0% 1.00 lac
149158 LIMITED 2022
U40200TN2022PTC NAVALADI WIND PARK PRIVATE 12 January, 95.0% 1.00 lac
149161 LIMITED 2022
U45309TN2022PTC OTTAPIDARAM SOLAR PARK 28 January, 95.0% 1.00 lac
U45400TN2022PTC OTTAPIDARAM WIND PARK 03 January, 95.0% 1.00 lac

JOINT VENTURES
No joint venture companies found
ASSOCIATES COMPANIES
CIN Name Incorporation Percentage of Paidup

Date Shares Held Capital
U70100TN2001PTC NTC HOLDINGS PRIVATE LIMITED 04 January, 45.5% 11.49 cr
046404 2001
U70100TN2001PTC NTC HOLDINGS PRIVATE LIMITED 04 January, 45.5% 11.49 cr
046404 2001
COMPANIES CONNECTED THROUGH DIRECTORS
CIN Name Incorporation #Common Paidup

Date Directors Capital
U31900TN2008PTC N TECH APPLIANCES PRIVATE 06 March, 2 5.00 lac
066720 LIMITED (Strike Off) 2008
U31500TN2011PTC NTC APPLIANCES PRIVATE 30 May, 2011 2 5.00 lac
080839 LIMITED (Strike Off)
U60231TN2020PTC TECHTRUCK PRIVATE LIMITED 18 June, 2020 2 1.00 lac
135886 (Active)
U63031TN2018PTC SCINNTC SUPPLY CHAIN 08 October, 2 41.50 lac
125160 SOLUTIONS PRIVATE LIMITED 2018
(Active)
U63090TN2010PTC NTC SHIPPING SERVICES PRIVATE 12 November, 2 5.50 lac
078053 LIMITED (Active) 2010
U29200TN2021PTC NTC-TANSHU INDIA PRIVATE 26 March, 2 1.00 lac
U15549TN2018PTC AUTHENTIC GRAMIYA MASALA 21 February, 2 10.00 lac
120958 PRIVATE LIMITED (Active) 2018
U61100TN2019PTC A SEAWAYS AND PROJECTS 17 July, 2019 2 10.00 lac
130577 PRIVATE LIMITED (Active)
U64204TN2022PTC CARGONIX XPRESS PRIVATE 10 January, 2 10.00 lac
U70100TN2001PTC NTC HOLDINGS PRIVATE LIMITED 04 January, 2 11.49 cr
046404 (Active) 2001
U92490TN2021NPL YOUNG CHAMPIONS SPORTS 22 April, 2021 2 1.00 lac
143015 ASSOCIATION (Active)
U40106TN2022PTC INFLUX EVERRENEW RENEWABLE 19 September, 1 10.00 lac
155459 ENERGY PRIVATE LIMITED (Active) 2022

U61100TN2022PTC BOXORY LOGISTICS PRIVATE 10 January, 2 50.00 lac

U63030TN2008PTC NTC LOGISTICS INDIA PRIVATE 01 January, 2 147.54 cr
U27101TN2004PTC SHREEVARI ENERGY SYSTEMS 21 December, 2 30.00 cr
U74910TN2019PTC POWER PRESS ENGINEERS INDIA 27 August, 1 1.00 lac
U35900TN2020PTC MAHA AUTO COMPONENTS 15 December, 1 1.00 lac
U68100TN2023PTC ONE HOMES REAL ESTATES 26 February, 1 1.00 lac
U67120TN2008PLC SUNDARAM FUND SERVICES 27 June, 2008 1 45.00 cr
068388 LIMITED (Active)

GST Compliance
28 September, 2023
Overview
State GSTN Status Effective Date Nature of business

Gujarat 24AAFCE3309J1ZU Active 17/09/2021 Supplier of Services, Recipient
of Goods or Services, Works
Contract, Warehouse / Depot,
Maharashtra 27AAFCE3309J1ZO Active 08/11/2022 Office / Sale Office, Supplier of
Services, Export, Import,
Recipient of Goods or Services,
Warehouse / Depot,
Karnataka 29AAFCE3309J1ZK Active 03/12/2021 Supplier of Services, Recipient
of Goods or Services, Office /
Sale Office, Works Contract,
Import, Export, Warehouse /
Depot, Others,
Tamil Nadu 33AAFCE3309J1ZV Active 01/03/2019 Supplier of Services, Office /
Sale Office, Recipient of Goods
or Services, Import, Works
Contract, Export, Others,
Factory / Manufacturing,
Warehouse / Depot,
Andhra Pradesh 37AAFCE3309J1ZN Active 23/02/2023 Office / Sale Office, Supplier of
Services, Recipient of Goods or
Services, Import, Export,
Warehouse / Depot,

FILING DETAILS
GSTN: 24AAFCE3309J1ZU
Place of Vadodara, Gujarat
Business:
Financial Year Tax Period Date of Filing Status Return Type

2023-24 Aug 2023 08-09-2023 Filed GSTR1
2023-24 Jul 2023 08-08-2023 Filed GSTR1
2023-24 Jun 2023 11-07-2023 Filed GSTR1
2023-24 May 2023 06-06-2023 Filed GSTR1
2023-24 Apr 2023 10-05-2023 Filed GSTR1
2023-24 Mar 2023 10-04-2023 Filed GSTR1
2022-23 Feb 2023 10-03-2023 Filed GSTR1
2022-23 Jan 2023 09-02-2023 Filed GSTR1
2022-23 Dec 2022 11-01-2023 Filed GSTR1
2022-23 Nov 2022 10-12-2022 Filed GSTR1
2022-23 Oct 2022 11-11-2022 Filed GSTR1
2022-23 Sep 2022 11-10-2022 Filed GSTR1
2022-23 Aug 2022 09-09-2022 Filed GSTR1
2022-23 Jul 2022 11-08-2022 Filed GSTR1
2022-23 Jun 2022 11-07-2022 Filed GSTR1
2022-23 May 2022 10-06-2022 Filed GSTR1
2022-23 Apr 2022 11-05-2022 Filed GSTR1
2022-23 Mar 2022 20-04-2022 Filed GSTR1
2023-24 Aug 2023 19-09-2023 Filed GSTR3B
2023-24 Jul 2023 18-08-2023 Filed GSTR3B
2023-24 Jun 2023 20-07-2023 Filed GSTR3B
2023-24 May 2023 19-06-2023 Filed GSTR3B
2023-24 Apr 2023 20-05-2023 Filed GSTR3B
2023-24 Mar 2023 20-04-2023 Filed GSTR3B
2022-23 Feb 2023 20-03-2023 Filed GSTR3B
2022-23 Jan 2023 20-02-2023 Filed GSTR3B
2022-23 Dec 2022 20-01-2023 Filed GSTR3B
2022-23 Nov 2022 20-12-2022 Filed GSTR3B
2022-23 Oct 2022 20-11-2022 Filed GSTR3B
2022-23 Sep 2022 20-10-2022 Filed GSTR3B
2022-23 Aug 2022 20-09-2022 Filed GSTR3B
2022-23 Jul 2022 19-08-2022 Filed GSTR3B

2022-23 Jun 2022 20-07-2022 Filed GSTR3B

2022-23 May 2022 20-06-2022 Filed GSTR3B
2022-23 Apr 2022 24-05-2022 Filed GSTR3B
2022-23 Mar 2022 22-04-2022 Filed GSTR3B
GSTN: 27AAFCE3309J1ZO
Place of Thane, Maharashtra
Business:

2023-24 Aug 2023 08-09-2023 Filed GSTR1
2023-24 Jul 2023 08-08-2023 Filed GSTR1
2023-24 Jun 2023 11-07-2023 Filed GSTR1
2023-24 May 2023 06-06-2023 Filed GSTR1
2023-24 Apr 2023 09-05-2023 Filed GSTR1
2023-24 Mar 2023 10-04-2023 Filed GSTR1
2022-23 Feb 2023 09-03-2023 Filed GSTR1
2022-23 Jan 2023 09-02-2023 Filed GSTR1
2022-23 Dec 2022 11-01-2023 Filed GSTR1
2022-23 Nov 2022 10-12-2022 Filed GSTR1
2023-24 Aug 2023 19-09-2023 Filed GSTR3B
2023-24 Jul 2023 18-08-2023 Filed GSTR3B
2023-24 Jun 2023 20-07-2023 Filed GSTR3B
2023-24 May 2023 19-06-2023 Filed GSTR3B
2023-24 Apr 2023 20-05-2023 Filed GSTR3B
2023-24 Mar 2023 20-04-2023 Filed GSTR3B
2022-23 Feb 2023 17-03-2023 Filed GSTR3B
2022-23 Jan 2023 20-02-2023 Filed GSTR3B
2022-23 Dec 2022 20-01-2023 Filed GSTR3B
2022-23 Nov 2022 19-12-2022 Filed GSTR3B
GSTN: 29AAFCE3309J1ZK
Place of Bengaluru Urban,
Business: Karnataka

2023-24 Aug 2023 08-09-2023 Filed GSTR1
2023-24 Jul 2023 08-08-2023 Filed GSTR1
2023-24 Jun 2023 11-07-2023 Filed GSTR1
2023-24 May 2023 06-06-2023 Filed GSTR1
2023-24 Apr 2023 10-05-2023 Filed GSTR1
2023-24 Mar 2023 10-04-2023 Filed GSTR1
2022-23 Feb 2023 10-03-2023 Filed GSTR1
2022-23 Jan 2023 09-02-2023 Filed GSTR1

2022-23 Dec 2022 11-01-2023 Filed GSTR1

2022-23 Nov 2022 10-12-2022 Filed GSTR1
2022-23 Oct 2022 11-11-2022 Filed GSTR1
2022-23 Sep 2022 10-10-2022 Filed GSTR1
2022-23 Aug 2022 09-09-2022 Filed GSTR1
2022-23 Jul 2022 10-08-2022 Filed GSTR1
2022-23 Jun 2022 11-07-2022 Filed GSTR1
2022-23 May 2022 10-06-2022 Filed GSTR1
2022-23 Apr 2022 11-05-2022 Filed GSTR1
2022-23 Mar 2022 20-04-2022 Filed GSTR1
2023-24 Aug 2023 20-09-2023 Filed GSTR3B
2023-24 Jul 2023 18-08-2023 Filed GSTR3B
2023-24 Jun 2023 20-07-2023 Filed GSTR3B
2023-24 May 2023 19-06-2023 Filed GSTR3B
2023-24 Apr 2023 20-05-2023 Filed GSTR3B
2023-24 Mar 2023 20-04-2023 Filed GSTR3B
2022-23 Feb 2023 20-03-2023 Filed GSTR3B
2022-23 Jan 2023 20-02-2023 Filed GSTR3B
2022-23 Dec 2022 20-01-2023 Filed GSTR3B
2022-23 Nov 2022 20-12-2022 Filed GSTR3B
2022-23 Oct 2022 20-11-2022 Filed GSTR3B
2022-23 Sep 2022 20-10-2022 Filed GSTR3B
2022-23 Aug 2022 20-09-2022 Filed GSTR3B
2022-23 Jul 2022 19-08-2022 Filed GSTR3B
2022-23 Jun 2022 20-07-2022 Filed GSTR3B
2022-23 May 2022 20-06-2022 Filed GSTR3B
2022-23 Apr 2022 24-05-2022 Filed GSTR3B
2022-23 Mar 2022 22-04-2022 Filed GSTR3B
GSTN: 33AAFCE3309J1ZV
Place of Chennai, Tamil
Business: Nadu

2023-24 Aug 2023 08-09-2023 Filed GSTR1
2023-24 Jul 2023 08-08-2023 Filed GSTR1
2023-24 Jun 2023 11-07-2023 Filed GSTR1
2023-24 May 2023 06-06-2023 Filed GSTR1
2023-24 Apr 2023 10-05-2023 Filed GSTR1
2023-24 Mar 2023 10-04-2023 Filed GSTR1
2022-23 Feb 2023 10-03-2023 Filed GSTR1
2022-23 Jan 2023 09-02-2023 Filed GSTR1

2022-23 Dec 2022 11-01-2023 Filed GSTR1

2022-23 Nov 2022 10-12-2022 Filed GSTR1
2022-23 Oct 2022 11-11-2022 Filed GSTR1
2022-23 Sep 2022 11-10-2022 Filed GSTR1
2022-23 Aug 2022 09-09-2022 Filed GSTR1
2022-23 Jul 2022 11-08-2022 Filed GSTR1
2022-23 Jun 2022 11-07-2022 Filed GSTR1
2022-23 May 2022 10-06-2022 Filed GSTR1
2022-23 Apr 2022 11-05-2022 Filed GSTR1
2022-23 Mar 2022 20-04-2022 Filed GSTR1
2023-24 Aug 2023 20-09-2023 Filed GSTR3B
2023-24 Jul 2023 18-08-2023 Filed GSTR3B
2023-24 Jun 2023 19-07-2023 Filed GSTR3B
2023-24 May 2023 19-06-2023 Filed GSTR3B
2023-24 Apr 2023 20-05-2023 Filed GSTR3B
2023-24 Mar 2023 20-04-2023 Filed GSTR3B
2022-23 Feb 2023 20-03-2023 Filed GSTR3B
2022-23 Jan 2023 20-02-2023 Filed GSTR3B
2022-23 Dec 2022 20-01-2023 Filed GSTR3B
2022-23 Nov 2022 20-12-2022 Filed GSTR3B
2022-23 Oct 2022 20-11-2022 Filed GSTR3B
2022-23 Sep 2022 20-10-2022 Filed GSTR3B
2022-23 Aug 2022 20-09-2022 Filed GSTR3B
2022-23 Jul 2022 19-08-2022 Filed GSTR3B
2022-23 Jun 2022 20-07-2022 Filed GSTR3B
2022-23 May 2022 20-06-2022 Filed GSTR3B
2022-23 Apr 2022 24-05-2022 Filed GSTR3B
2022-23 Mar 2022 22-04-2022 Filed GSTR3B
GSTN: 37AAFCE3309J1ZN
Place of Sri Potti Sriramulu
Business: Nellore, Andhra
Pradesh

2023-24 Aug 2023 08-09-2023 Filed GSTR1
2023-24 Jul 2023 08-08-2023 Filed GSTR1
2023-24 Jun 2023 11-07-2023 Filed GSTR1
2023-24 May 2023 06-06-2023 Filed GSTR1
2023-24 Apr 2023 10-05-2023 Filed GSTR1
2023-24 Mar 2023 10-04-2023 Filed GSTR1
2022-23 Feb 2023 09-03-2023 Filed GSTR1

2023-24 Aug 2023 20-09-2023 Filed GSTR3B

2023-24 Jul 2023 18-08-2023 Filed GSTR3B
2023-24 Jun 2023 20-07-2023 Filed GSTR3B
2023-24 May 2023 19-06-2023 Filed GSTR3B
2023-24 Apr 2023 19-05-2023 Filed GSTR3B
2023-24 Mar 2023 19-04-2023 Filed GSTR3B
2022-23 Feb 2023 17-03-2023 Filed GSTR3B

COPYRIGHT
Copyright (C) 2016-2022. Prepared, owned, and distributed by TWS Systems Private Limited. All Rights Reserved.
The content of this report is protected by applicable copyright laws. Content may not be reproduced, distributed,
modified or framed in any form or by any means, whether electronic, mechanical, photocopying, recording or
otherwise without prior written permission.
NOTE ON TOFLER SCORE
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors -
Sustainability, Governance, and Growth. To know more about these factors.
Sustainability is a measure of overall financial health of the company. It indicates its profitability, efficiency of
operations and effective use of funds and assets deployed in the business. It also reflects the company's ability to
cover its liabilities and pay off its suppliers and creditors on time.
Governance is a measure of the quality of corporate governance of the company. It covers aspects like compliance
with TDS, GST and other laws, potential for conflict of business interests, defaulter lists checks, financials trust
checks, and other checks to measure if the company is operating in best faith.
Growth measures the growth capability of the company. It measures how fast the company has been growing and
whether it can keep growing sustainably.
Disclaimer:
1. Tofler Score is not a credit rating, nor does it have approval or sanction of any statutory or regulatory body for the
purpose.
2. Tofler Score is a bona fide unbiased opinion of Tofler team on the performance and state of affairs of the
Company. We are not liable to any person for any loss occurring due to decisions taken on the basis of Tofler
Score.
3. The Tofler team does not have any commercial interest in the subject matter of evaluation of any specific
company as such.
4. No user of Tofler Score is allowed to sell or distribute it outside their own organization.

DISCLAIMER
The present report is purely a summary of the contents and status of documents examined on an inspection of the
Company's documents available on the official website of the Ministry of Corporate Affairs (www.mca.gov.in) . The
report is not based on any personal judgments or opinion of any individual or professional.
Please note that the content of these documents have not been audited at our end and no representation or
warranty is made regarding accuracy or reliability data/content. The reports are computer generated and although
manual checks and verification has been undertaken but it may still be subject to Programmatic and/or content
errors.
This report is provided for general information only and is without warranty of any kind- express or implied, including
but not limited to warranties of merchantability, fitness for a particular purpose.
TWS Systems Private Limited, its directors, officers or employees or any of their data providers shall not be liable
for any damages (direct, indirect, special or consequential) for whatever cause and disclaim any responsibility on
account of any implications, decisions or actions taken on the basis of some inadvertent mistake in the said report.
Disputes, if any, are subject to courts at Delhi, India.

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EVERRENEW ENERGY PRIVATE LIMITED

Due Diligence Report

Chapter 2 Directors And Kmp 8

Chapter 5 Peer Analysis 17

Chapter 6 Charges On Assets 53

© TWS Systems Private Limited Page 2

6.2 Charges On Assets - Bank Wise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53

Chapter 7 Credit Check 54

Chapter 8 Group Structure 55

Chapter 9 Gst Compliance 58

Chapter 10 Terms And Conditions 64

© TWS Systems Private Limited Page 3

Status Active Authorised share capital 1.00 cr

CIN U74999TN2019PTC126869 Paid up share capital 15.47 lac

Incorporation Date 11 January, 2019 Sum of existing charges 20.56 cr

Sub-category Non-govt company Listing status Unlisted

Latest Annual Return 31 March, 2022

OLD NAMES OF THIS COMPANY

No previous names were found for this company.

© TWS Systems Private Limited Page 4

OLD CINS OF THIS COMPANY

No previous cins were found for this company.

Company PAN AAFCE3309J No. of Employees Unknown

FINANCIAL HIGHLIGHTS Figures in INR as on 31 March, 2022

Revenues 97.43 cr EBITDA 4.90 cr

Profit After Tax 3.36 cr Networth 2.74 cr

AUDITORS as on 28 September, 2023

Auditor Type Signatory Name Year

© TWS Systems Private Limited Page 5

Tofler SCORE as on 19 Sep, 2023

Tofler Score for EVERRENEW ENERGY PRIVATE LIMITED

RISK ANALYSIS as on 19 Sep, 2023

© TWS Systems Private Limited Page 6

DIRECTORS AND KMP

CURRENT DIRECTORS as on 27 September, 2023

Directors name Age Date of Email address Designation

CURRENT KMP OTHER THAN

Directors name PAN Date of Email address Designation

OTHER DIRECTORSHIPS as on 27 September, 2023

Directors name Company name Designation Date of appointment

© TWS Systems Private Limited Page 7

SCINNTC SUPPLY Director 08 October, 2018

© TWS Systems Private Limited Page 8

AUTHENTIC GRAMIYA Director 04 January, 2021

PREVIOUS DIRECTORS / KMP as on 27 September, 2023

No other directorships were found for this director.

© TWS Systems Private Limited Page 9

STANDALONE BALANCE SHEET Figures in INR Lacs (rounded)

Particulars 31 March, 2022 31 March, 2021 31 March, 2020

© TWS Systems Private Limited Page 10

Long Term Loans and - 7 8

© TWS Systems Private Limited Page 11

STANDALONE PROFIT AND LOSS Figures in INR Lacs (rounded)

Particulars 31 March, 2022 31 March, 2021 31 March, 2020

© TWS Systems Private Limited Page 12

STANDALONE IMPORTANT RATIOS

Particulars 31 March, 2022 31 March, 2021 31 March, 2020

© TWS Systems Private Limited Page 13

CAPTIAL AND DEBT BREAKUP as on 29 September, 2022

As on 29 Sep, 2022 29 Sep, 2022 10 Nov, 2021 31 Dec, 2020