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Ameya Logistics Private Limited
Standalone Financial Statements for period 01/04/2022 to 31/03/2023
(generated by PrivateCircle)
[110000] Balance sheet
Unless otherwise specified, all monetary values are in INR

Period FY 2023 FY 2022 FY 2021
Balance sheet [Abstract]
Assets [Abstract]
Non-current assets [Abstract]
Property, plant and equipment 1,288,261,486.00 1,165,569,889.00 954,514,833.00
Capital work-in-progress 253,461,856.00 73,652,085.00
Goodwill 670,154,262.00 670,154,262.00
Other intangible assets 1,464,382,563.00 1,659,614,459.00 1,541,235.00
Intangible assets under development 3,835,000.00 4,135,000.00
Investments accounted for using equity method 0 0
Non-current financial assets [Abstract]
Non-current investments 0 0
Loans, non-current 0 0
Other non-current financial assets 5,128,912.00 2,837,800.00
Total non-current financial assets 5,128,912.00 2,837,800.00
Deferred tax assets (net) 1,051,173,310.00 1,119,400,507.00
Other non-current assets 313,747,344.00 229,032,478.00
Total non-current assets 5,050,144,733.00 4,924,396,480.00
Current assets [Abstract]
Inventories 0 0
Current financial assets [Abstract]
Current investments 0 1,948,692.00
Trade receivables, current 196,587,753.00 105,286,919.00
Cash and cash equivalents 345,453,000.00 313,790,179.00
Bank balance other than cash and cash equivalents 159,000,000.00 0
Loans, current 0 0
Other current financial assets 6,854,210.00 30,253,786.00
Total current financial assets 707,894,963.00 451,279,576.00
Other current assets 87,406,064.00 43,424,504.00
Total current assets 795,301,027.00 494,704,080.00
Total assets 5,845,445,760.00 5,419,100,560.00
Equity and liabilities [Abstract]
Equity [Abstract]
Equity attributable to owners of parent [Abstract]
Equity share capital 59,999,980.00 59,999,980.00 59,999,980.00
Other equity 5,193,323,144.00 4,914,193,202.00
Total equity attributable to owners of parent 5,253,323,124.00 4,974,193,182.00
Non controlling interest 0 0
Total equity 5,253,323,124.00 4,974,193,182.00
Liabilities [Abstract]
Non-current liabilities [Abstract]
Non-current financial liabilities [Abstract]
Borrowings, non-current 0 0
Other non-current financial liabilities 5,679,477.00 0
Ameya Logistics Private Limited Standalone Financial Statements for period 01/04/2022 to 31/03/2023 (generated by PrivateCircle)
Total non-current financial liabilities 5,679,477.00 0

Provisions, non-current 61,763,265.00 52,365,123.00
Other non-current liabilities 53,977,575.00 38,647,645.00
Total non-current liabilities 121,420,317.00 91,012,768.00
Current liabilities [Abstract]
Current financial liabilities [Abstract]
Borrowings, current 0 0
Trade payables, current 303,855,867.00 239,071,940.00
Other current financial liabilities 34,111,378.00 16,014,186.00
Total current financial liabilities 337,967,245.00 255,086,126.00
Other current liabilities 126,281,967.00 84,142,947.00
Provisions, current 6,453,107.00 14,665,537.00
Total current liabilities 470,702,319.00 353,894,610.00
Total liabilities 592,122,636.00 444,907,378.00
Total equity and liabilities 5,845,445,760.00 5,419,100,560.00
2
[210000] Statement of profit and loss

Period FY 2023 FY 2022
Statement of profit and loss [Abstract]
Income [Abstract]
Revenue from operations 2,991,150,202.00 2,185,485,975.00
Other income 23,199,660.00 1,090,216,856.00
Total income 3,014,349,862.00 3,275,702,831.00
Expenses [Abstract]
Cost of materials consumed 1,656,433,242.00 1,180,456,220.00
Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
Employee benefit expense 138,396,286.00 110,097,157.00
Finance costs 5,967,353.00 1,491,902.00
Depreciation, depletion and amortisation expense 338,045,149.00 158,772,496.00
Other expenses 291,133,285.00 220,135,586.00
Total expenses 2,429,975,315.00 1,670,953,361.00
Profit before exceptional items and tax 584,374,547.00 1,604,749,470.00
Exceptional items before tax 0 126,797,515.00
Total profit before tax 584,374,547.00 1,731,546,985.00
Tax expense [Abstract]
Current tax 102,854,281.00 178,125,825.00
Deferred tax 67,983,500.00 9,238,068.00
Total tax expense 170,837,781.00 187,363,893.00
Total profit (loss) for period from continuing operations 413,536,766.00 1,544,183,092.00
Tax expense of discontinued operations 0 0
Total profit (loss) from discontinued operations after tax 0 0
Total profit (loss) for period 413,536,766.00 1,544,183,092.00
Comprehensive income OCI components presented net of tax [Abstract]
Whether company has other comprehensive income OCI components presented net of tax Yes Yes
Other comprehensive income net of tax [Abstract]
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others 593,176.00 1,533,171.00
Total other comprehensive income that will not be reclassified to profit or loss, net of tax 593,176.00 1,533,171.00
Components of other comprehensive income that will be reclassified to profit or loss, net of tax
[Abstract]
Exchange differences on translation net of tax [Abstract]
Total other comprehensive income, net of tax, exchange differences on translation 0 0
Debt instrument through other comprehensive income Net of tax [Abstract]
Other comprehensive income, net of tax, Debt instrument through other comprehensive income 0 0
Cash flow hedges net of tax [Abstract]
Total other comprehensive income, net of tax, cash flow hedges 0 0
Hedges of net investment in foreign operations net of tax [Abstract]
Total other comprehensive income, net of tax, hedges of net investments in foreign operations 0 0
Change in value of time value of options net of tax [Abstract]
Total other comprehensive income, net of tax, change in value of time value of options 0 0
Change in value of forward elements of forward contracts net of tax [Abstract]
Total other comprehensive income, net of tax, change in value of forward elements of forward
contracts 0 0
Change in value of foreign currency basis spreads net of tax [Abstract]
Total other comprehensive income, net of tax, change in value of foreign currency basis spreads 0 0
Other comprehensive income, net of tax, net movement in regulatory deferral account balances related
to items that will be reclassified to profit or loss [Abstract]
Total other comprehensive income, net of tax, net movement in regulatory deferral account balances
related to items that will be reclassified to profit or loss 0 0
Financial assets measured at fair value through other comprehensive income net of tax [Abstract]
Total other comprehensive income, net of tax, financial assets measured at fair value through other
comprehensive income 0 0
Other comprehensive income that will be reclassified to profit or loss, net of tax, others 0 0
Total other comprehensive income that will be reclassified to profit or loss, net of tax 0 0
Total other comprehensive income 593,176.00 1,533,171.00
Total comprehensive income 414,129,942.00 1,545,716,263.00
Comprehensive income OCI components presented before tax [Abstract]
Whether company has comprehensive income OCI components presented before tax No No
Other comprehensive income before tax [Abstract]
Total other comprehensive income 593,176.00 1,533,171.00
Earnings per share [Table]
3

Classes of equity share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Earnings per share [Abstract]
Earnings per share [Line items]
Basic earnings per share [Abstract]
[INR/shares] [INR/shares] [INR/shares] [INR/shares]
Basic earnings (loss) per share from continuing operations 68.92 257.00 68.92 257.00
Total basic earnings (loss) per share 68.92 257.00 68.92 257.00
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations 68.92 257.00 68.92 257.00
Total diluted earnings (loss) per share 68.92 257.00 68.92 257.00
4
[210000a] Statement of profit and loss

Other comprehensive income that will be reclassified to profit or loss, net of tax, others [Abstract]
Other comprehensive income that will be reclassified to profit or loss, net of tax, others [Line items]
Other comprehensive income that will be reclassified to profit or loss, net of tax, others 0 0
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Abstract]
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Line items]
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Table]
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Axis] Other comprehensive income
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Abstract]
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Line items]
Remeasurements Remeasurements
of of
post-employment post-employment
benefit obligations benefit obligations
Share of other Share of other
comprehensive comprehensive
income of equity income of equity
accounted accounted
investee (net of investee (net of
taxes) Income tax taxes) Income tax
relating to these relating to these
Description of other comprehensive income that will not be reclassified to profit or loss, net of tax, others items items
5
[310000] Cash flow statement,direct

Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Net cash flows from (used in) operations 900,019,578.00 1,946,740,245.00
Income taxes paid (refund) 143,623,874.00 175,575,440.00
Other inflows (outflows) of cash -192,253.00 -1,192,011,540.00
Net cash flows from (used in) operating activities 756,203,451.00 579,153,265.00
Cash flows from used in investing activities [Abstract]
Proceeds from sales of property, plant and equipment 4,317,771.00 3,581,381.00
Purchase of property, plant and equipment 432,158,132.00 316,225,295.00
Proceeds from sales of investment property 1,939,549.00 716,573,265.00
Dividends received 0 163,001,319.00
Interest received 13,100,534.00 4,754,096.00
Other inflows (outflows) of cash -159,000,000.00 -613,760,238.99
Net cash flows from (used in) investing activities -571,800,278.00 -42,075,472.99
Cash flows from used in financing activities [Abstract]
Payments of lease liabilities 17,740,352.00 850,000.00
Dividends paid 135,000,000.00 240,000,000.00
Net cash flows from (used in) financing activities -152,740,352.00 -240,850,000.00
Net increase (decrease) in cash and cash equivalents before effect of exchange rate
changes 31,662,821.00 296,227,792.01
Net increase (decrease) in cash and cash equivalents 31,662,821.00 296,227,792.01
Cash and cash equivalents cash flow statement at end of period 345,453,000.00 313,790,179.00 17,562,386.99
6
[320000] Cash flow statement, indirect

Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Profit before tax 584,374,547.00 1,731,546,985.00
Adjustments for reconcile profit (loss) [Abstract]
Adjustments for finance costs 5,795,550.00 1,491,901.00
Adjustments for decrease (increase) in trade receivables, current -94,598,307.00 5,284,846.00
Adjustments for decrease (increase) in other current assets 0 6,624,752.00
Adjustments for decrease (increase) in other non-current assets -46,350,219.00 19,174,217.00
Adjustments for other financial assets, non-current 0 -15,161,458.00
Adjustments for other financial assets, current 28,002,409.00 0
Adjustments for increase (decrease) in trade payables, current 103,214,226.00 47,418,727.00
Adjustments for depreciation and amortisation expense 338,045,149.00 158,772,497.00
Adjustments for impairment loss reversal of impairment loss recognised in profit
or loss -2,625,394.00 -2,532,607.00
Adjustments for provisions, current 3,393,540.00 270,618.00
Adjustments for interest income 18,589,280.00 5,844,952.00
Adjustments for fair value losses (gains) 9,124.00 670,281.00
Other adjustments for which cash effects are investing or financing cash flow -747,953.00 -921,125.00
Other adjustments to reconcile profit (loss) 60.00 11,644.00
Other adjustments for non-cash items 96,126.00 -66,081.00
Total adjustments for reconcile profit (loss) 315,645,031.00 215,193,260.00
Net cash flows from (used in) operations 900,019,578.00 1,946,740,245.00
Income taxes paid (refund) 143,623,874.00 175,575,440.00
Other inflows (outflows) of cash -192,253.00 -1,192,011,540.00
Proceeds from sales of property, plant and equipment 4,317,771.00 3,581,381.00
Purchase of property, plant and equipment 432,158,132.00 316,225,295.00
Proceeds from sales of investment property 1,939,549.00 716,573,265.00
Dividends received 0 163,001,319.00
Interest received 13,100,534.00 4,754,096.00
Other inflows (outflows) of cash -159,000,000.00 -613,760,238.99
Payments of lease liabilities 17,740,352.00 850,000.00
Dividends paid 135,000,000.00 240,000,000.00
Net increase (decrease) in cash and cash equivalents before effect of exchange rate
changes 31,662,821.00 296,227,792.01
Net increase (decrease) in cash and cash equivalents 31,662,821.00 296,227,792.01
Cash and cash equivalents cash flow statement at end of period 345,453,000.00 313,790,179.00 17,562,386.99
7
[400100] Notes - Equity share capital

Disclosure of details on private placement of share [Abstract]
Disclosure of details on private placement of equity share [Abstract]
Number of persons on private placement of equity share [INR] 0 [INR] 0
Disclosure of number of shareholders allottees [Abstract]
Number of shareholders of company [INR] 0 [INR] 0
Number of allottees in case of preferential allotment [INR] 0 [INR] 0
Disclosure of reduction in capital [Abstract]
Percentage of capital reduction to capital prior to reduction 0% 0%
Disclosure of public offering [Abstract]
Whether money raised from public offering during year No No
Amount raised from public offering during year 0 0
Amount utilised towards specified purposes for public offering 0 0
Amount remaining unutilised received in respect of public offering 0 0
Disclosure of classes of equity share capital [Table] ..(1)

Classes of equity share capital [Axis] Equity shares [Member]
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
[shares] [shares]
Number of shares authorised 20,000,000.00 20,000,000.00
Value of shares authorised 200,000,000.00 200,000,000.00
[shares] [shares]
Number of shares issued 5,999,998.00 5,999,998.00
Value of shares issued 59,999,980.00 59,999,980.00
[shares] [shares]
Number of shares subscribed and fully paid 5,999,998.00 5,999,998.00
Value of shares subscribed and fully paid 59,999,980.00 59,999,980.00
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
[shares] [shares]
Total number of shares subscribed 5,999,998.00 5,999,998.00
Total value of shares subscribed 59,999,980.00 59,999,980.00
Value of shares paid-up [Abstract]
[shares] [shares]
Number of shares paid-up 5,999,998.00 5,999,998.00
Value of shares called 59,999,980.00 59,999,980.00
Value of shares paid-up 59,999,980.00 59,999,980.00
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0
Number of shares issued in private placement arising out of conversion of
debentures preference shares during period [shares] 0 [shares] 0
Number of shares issued in other private placement [shares] 0 [shares] 0
Number of shares issued as preferential allotment arising out of conversion of
Number of shares issued as other preferential allotment [shares] 0 [shares] 0
Number of shares issued in shares based payment transactions [shares] 0 [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 0
Number of shares issued under employee stock option plan [shares] 0 [shares] 0
Number of other issue of shares arising out of conversion of securities [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
Number of shares bought back or treasury shares [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0
[shares] [shares] [shares]
Number of shares outstanding at end of period 5,999,998.00 5,999,998.00 5,999,998.00
8
Reconciliation of value of shares outstanding [Abstract]

Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
Amount of rights issue during period 0 0
Amount of private placement issue arising out of conversion of debentures
preference shares during period 0 0
Amount of other private placement issue during period 0 0
Amount of preferential allotment issue arising out of conversion of debentures
Amount of other preferential allotment issue during period 0 0
Amount of share based payment transactions during period 0 0
Amount of issue under scheme of amalgamation during period 0 0
Amount of other issues during period 0 0
Amount of shares issued under employee stock option plan 0 0
Amount of other issue arising out of conversion of securities during period 0 0
Decrease in equity share capital during period [Abstract]
Decrease in amount of treasury shares or shares bought back 0 0
Other decrease in amount of shares 0 0
Total decrease in equity share capital during period 0 0
Total increase (decrease) in share capital 0 0
Equity share capital at end of period 59,999,980.00 59,999,980.00 59,999,980.00
Rights preferences and restrictions attaching to class of share capital
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Total shares in company held by holding company or ultimate holding company or
by its subsidiaries or associates [shares] 0 [shares] 0
Details of application money received for allotment of securities and due for refund
and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Total application money received for allotment of securities and due for refund
and interest accrued thereon 0 0
Disclosure of classes of equity share capital [Table] ..(2)

Classes of equity share capital [Axis] Equity shares 1 [Member]
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Type of share EQUITY EQUITY
[shares] [shares]
Number of shares authorised 20,000,000.00 20,000,000.00
Value of shares authorised 200,000,000.00 200,000,000.00
[shares] [shares]
Number of shares issued 5,999,998.00 5,999,998.00
Value of shares issued 59,999,980.00 59,999,980.00
[shares] [shares]
Number of shares subscribed and fully paid 5,999,998.00 5,999,998.00
Value of shares subscribed and fully paid 59,999,980.00 59,999,980.00
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
[shares] [shares]
Total number of shares subscribed 5,999,998.00 5,999,998.00
Total value of shares subscribed 59,999,980.00 59,999,980.00
Value of shares paid-up [Abstract]
[shares] [shares]
Number of shares paid-up 5,999,998.00 5,999,998.00
Value of shares called 59,999,980.00 59,999,980.00
Value of shares paid-up 59,999,980.00 59,999,980.00
[INR/shares] [INR/shares]
Par value per share 10.00 10.00
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0
9
Number of shares issued as rights [shares] 0 [shares] 0

Number of shares issued in private placement arising out of conversion of
Number of shares issued in other private placement [shares] 0 [shares] 0
Number of shares issued as preferential allotment arising out of conversion of
Number of shares issued as other preferential allotment [shares] 0 [shares] 0
Number of shares issued in shares based payment transactions [shares] 0 [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 0
Number of shares issued under employee stock option plan [shares] 0 [shares] 0
Number of other issue of shares arising out of conversion of securities [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
Number of shares bought back or treasury shares [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0
[shares] [shares] [shares]
Number of shares outstanding at end of period 5,999,998.00 5,999,998.00 5,999,998.00
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
Amount of rights issue during period 0 0
Amount of private placement issue arising out of conversion of debentures
Amount of other private placement issue during period 0 0
Amount of preferential allotment issue arising out of conversion of debentures
Amount of other preferential allotment issue during period 0 0
Amount of share based payment transactions during period 0 0
Amount of issue under scheme of amalgamation during period 0 0
Amount of other issues during period 0 0
Amount of shares issued under employee stock option plan 0 0
Amount of other issue arising out of conversion of securities during period 0 0
Decrease in equity share capital during period [Abstract]
Decrease in amount of treasury shares or shares bought back 0 0
Other decrease in amount of shares 0 0
Total decrease in equity share capital during period 0 0
Total increase (decrease) in share capital 0 0
Rights preferences and restrictions attaching to class of share capital 0 0
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Total shares in company held by holding company or ultimate holding company or
by its subsidiaries or associates [shares] 0 [shares] 0
Details of application money received for allotment of securities and due for refund
and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Total application money received for allotment of securities and due for refund
and interest accrued thereon 0 0
Disclosure of shareholding more than five per cent in company [Table] ..(1)

Classes of equity share capital [Axis] Equity shares [Member]
Name of shareholder [Axis] Name of shareholder [Member]
Disclosure of shareholding more than five per cent in company [Abstract]
Whether there are any shareholders holding more than five per cent shares in company Yes Yes
10

Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Disclosure of shareholding more than five per cent in company
[Abstract]
Disclosure of shareholding more than five per cent in company
[Line Items]
Type of share EQUITY EQUITY Equity Equity
PSA India PSA India
Intermodal Pte. Intermodal Pte.
Name of shareholder Ltd. Ltd.
Permanent account number of shareholder AAKCP3320P AAKCP3320P
Country of incorporation or residence of shareholder SINGAPORE SINGAPORE
[shares] [shares]
Number of shares held in company 3,509,999.00 3,509,999.00
Percentage of shareholding in company 58.5% 58.5%

Name of shareholder [Axis] Shareholder 2 [Member]
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [Line Items]
Type of share Equity Equity
Maritime & Maritime &
Commerce Commerce
Name of shareholder Agency Agency
Permanent account number of shareholder AADCM6388B AADCM6388B
Country of incorporation or residence of shareholder INDIA INDIA
[shares] [shares]
Number of shares held in company 2,489,999.00 2,489,999.00
Percentage of shareholding in company 41.5% 41.5%
11
[400200] Statement of changes in equity

Textual
Disclosure of notes on changes in equity [Text Block] Information (1)
Statement of changes in equity [Abstract]
Equity share capital [Abstract]
Increase (decrease) in share capital 0 0
Statement of changes in equity [Table] ..(1)

Components of equity [Axis] Equity [Member]
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 413,536,766.00 1,544,183,092.00
Other changes in equity [Abstract]
Other additions to reserves 593,176.00 1,533,172.00
Deductions to reserves [Abstract]
Total deductions to reserves 0 0
Appropriations for dividend, dividend tax and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 135,000,000.00 240,000,000.00
Total interim dividend appropriation 135,000,000.00 240,000,000.00
Total dividend appropriation 135,000,000.00 240,000,000.00
Total appropriations for dividend, dividend tax and retained earnings 135,000,000.00 240,000,000.00
Total other changes in equity -134,406,824.00 -238,466,828.00
Total increase (decrease) in equity 279,129,942.00 1,305,716,264.00
Other equity at end of period 5,193,323,144.00 4,914,193,202.00 3,608,476,938.00

Components of equity [Axis] Equity attributable to the equity holders of the parent [Member]
Equity [Abstract]
12
Components of equity [Axis] Reserves [Member]

Equity [Abstract]

Components of equity [Axis] Capital redemption reserves [Member]
Equity [Abstract]
Profit (loss) for period 0 0
Total appropriations for dividend, dividend tax and retained earnings 0 0
Total other changes in equity 0 0
Total increase (decrease) in equity 0 0
Other equity at end of period 100,000,000.00 100,000,000.00 100,000,000.00

Components of equity [Axis] General reserve [Member]
Equity [Abstract]
Profit (loss) for period 0 0
Total appropriations for dividend, dividend tax and retained earnings 0 0
Total other changes in equity 0 0
Total increase (decrease) in equity 0 0
Other equity at end of period 222,776,000.00 222,776,000.00 222,776,000.00
13
Components of equity [Axis] Retained earnings [Member]

Equity [Abstract]

Components of equity [Axis] Other retained earning [Member]
Equity [Abstract]
Textual information (1): Disclosure of notes on changes in equity [Text Block]
31 March 31 March
Other equity
2022 2021
Reserves and surplus Note
10,00,00,000 10,00,00,00
Capital redemption reserve i
.00 0.00
22,27,76,000 22,27,76,0
General reserve ii
.00 00.00
4,59,14,17,2 3,28,57,00,
Retained earnings iii
02 938.12
14
4,91,41,93,2 3,60,84,76,
Total
02 938.12
Capital redemption reserve
10,00,00 10,00,00,000
At the commencement and at the end of the year
,000.00 .00
10,00,00,000 10,00,00,00
At the end of the year
.00 0.00
This reserve was created for redemption of

preference shares in the financial year 2014-15.
The preference shares were redeemed on 10 March
2015. Funds in capital redemption reserve can be
used only for issue of fully paid up bonus shares in
accordance with the provisions of the Companies
Act, 2013.
General reserve
22,27,76 22,27,76,000
At the commencement and at the end of the year
,000.00 .00
22,27,76,000 22,27,76,00
.00 0.00
General reserve created in accordance with the

provisions of the erstwhile Companies Act, 1956
before distribution of equity dividend to equity
shareholders. Funds in general reserve is now
freely available to be utilised in accordance with the
provisions of the Companies Act, 2013.
Retained earnings
3,28,5
2,86,95,14,1
At the commencement of the year 7,00,9
18.52
38
1,54,41,83,0 1,00,55,45,
Profit for the year
92 452.58
Other comprehensive income recognised directly in

retained earnings
Remeasurement of post-employee benefit 15,33, 9,44,736

obligation, net of tax 172 .65
Remeasurements of defined benefit liability(assets)

comprises actuarial gains and losses and return on
plan assets ( excluding interest income)
Share of other comprehensive income of equity (3,03,3

-
accounted investee ( net of tax) 69.63)
Dividends
the following dividend were declared and paid by

the Company during the year
(24,00 (59,00,
Interim equity dividend [amount per share Rs. 40.00
,00,00 00,000.
(Previous year: Rs. 98.33)]
0) 00)
4,59,14,17,2 3,28,57,00,
02 938.12
15
[400300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on current non-current [Axis] Current [Member]
Classification of borrowings [Axis] Borrowings [Member] Other loans and advances [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 0 0 0 0
Nature of security [Abstract]
Nature of security
Classification of borrowings [Table] ..(2)

Loans taken for property, plant and
Classification of borrowings [Axis] equipment [Member] Loans taken for vehicles [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 0 0 0 0
Nature of security [Abstract]
Hypothecation Hypothecation
against against
Nature of security vehicle/trailers. vehicle/trailers.
16
[400400] Notes - Non-current investments

Non-current investments [Abstract]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 0 0
Aggregate provision for diminution in value of non-current investments 0 0
17
[400500] Notes - Current investments

Current investments [Abstract]
Aggregate amount of quoted current investments 0 1,948,692.00
Market value of quoted current investments 0 1,948,692.00
Aggregate amount of unquoted current investments 0 0
Aggregate provision for diminution in value of current investments 0 0
Details of current investments [Table]

Classification of current investments [Axis] 1
Period FY 2022
Disclosure of details of current investments [Abstract]
Details of current investments [Line items]
Investments in
Type of current investments mutual funds
Current
Class of current investments investments
Current investments 1,948,692.00
(Investments
stated at fair value
through profit and
Basis of valuation of current investments loss- FVTPL)
HDFC Short Term
Debt
Name of body corporate in whom investment has been made Fund-Growth
Number of shares of current investment made in body corporate [shares] 75,846.45
18
[400600] Notes - Property, plant and equipment

Textual Textual
Disclosure of property, plant and equipment [Text Block] Information (2) Information (3)
Disclosure of detailed information about property, plant and equipment [Table] ..(1)

Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Carrying amount [Member]
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 249,144,696.90 118,519,258.00
Acquisitions through business combinations, property, plant and equipment 0 328,894,177.00
Increase (decrease) through net exchange differences, property, plant and
equipment 0 0
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss -113,613,659.90 -89,430,627.00
Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment -113,613,659.90 -89,430,627.00
Impairment loss recognised in profit or loss, property, plant and equipment 0 0
Reversal of impairment loss recognised in profit or loss, property, plant and
equipment 0 0
Revaluation increase (decrease), property, plant and equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment -1,203,699.00 -145,846,881.00
Total increase (decrease) through transfers and other changes, property, plant
and equipment -1,203,699.00 -145,846,881.00
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 1,687,981.00 1,080,871.00
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 1,687,981.00 1,080,871.00
Decrease through classified as held for sale, property, plant and equipment 9,947,760.00 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 122,691,597.00 211,055,056.00
Property, plant and equipment at end of period 1,288,261,486.00 1,165,569,889.00 954,514,833.00

Carrying amount accumulated depreciation and gross carrying amount [Axis] Gross carrying amount [Member]
equipment 249,144,696.90 118,519,258.00
equipment 0 0
19
Increase (decrease) through other changes, property, plant and equipment 0 0

and equipment 0 0
Property, plant and equipment at end of period 2,081,602,160.32 1,862,539,471.42 1,421,489,930.42

Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
Depreciation recognised in profit or loss 113,613,659.90 89,430,627.00
Total Depreciation property plant and equipment 113,613,659.90 89,430,627.00
equipment 0 0
equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 1,203,699.00 145,846,881.00
and equipment 1,203,699.00 145,846,881.00
Decrease through classified as held for sale, property, plant and equipment 0 0
Property, plant and equipment at end of period 793,340,674.32 696,969,582.42 466,975,097.42

Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
equipment 0 96,046,592.00
Acquisitions through business combinations, property, plant and equipment 0 0
equipment 0 0
Depreciation recognised in profit or loss 0 0
Total Depreciation property plant and equipment 0 0
equipment 0 0
20

equipment 0 0
and equipment 0 0
Disposals, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 0 96,046,592.00

equipment 0 96,046,592.00
Acquisitions through business combinations, property, plant and equipment 0 0
equipment 0 0
and equipment 0 0
Total increase (decrease) in property, plant and equipment 0 96,046,592.00

Depreciation recognised in profit or loss 0 0
Total Depreciation property plant and equipment 0 0
equipment 0 0
21

equipment 0 0
and equipment 0 0
Total increase (decrease) in property, plant and equipment 0 0
Property, plant and equipment at end of period 0 0 0

Classes of property, plant and equipment [Axis] Buildings [Member]
equipment 608,279.00 98,900.00
equipment 0 0
equipment 0 0
equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 -69,191,936.00
and equipment 0 -69,191,936.00
Total increase (decrease) in property, plant and equipment -37,571,256.60 102,414,002.00

22

equipment 608,279.00 98,900.00
equipment 0 0
and equipment 0 0
Total increase (decrease) in property, plant and equipment 608,279.00 202,504,856.00

equipment 0 0
equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 69,191,936.00
and equipment 0 69,191,936.00

Classes of property, plant and equipment [Axis] Office building [Member]
equipment 608,279.00 98,900.00
23

equipment 0 0
equipment 0 0
equipment 0 0

equipment 608,279.00 98,900.00
equipment 0 0
and equipment 0 0
24

equipment 0 0
equipment 0 0

Classes of property, plant and equipment [Axis] Plant and equipment [Member]
equipment 99,252,316.00 1,493,503.00
equipment 0 0
equipment 0 0
equipment 0 0
and equipment -1,203,699.00 -3,542,548.00
Disposals, property, plant and equipment 23,700.00 90,573.00
Total disposals and retirements, property, plant and equipment 23,700.00 90,573.00
25

Total increase (decrease) in property, plant and equipment 78,653,877.70 -5,582,064.00

equipment 99,252,316.00 1,493,503.00
equipment 0 0
and equipment 0 0

equipment 0 0
equipment 0 0
and equipment 1,203,699.00 3,542,548.00
26

Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
equipment 99,252,316.00 1,493,503.00
equipment 0 0
equipment 0 0
equipment 0 0
and equipment -1,203,699.00 -3,542,548.00
Total increase (decrease) in property, plant and equipment 78,653,877.70 -5,582,064.00

equipment 99,252,316.00 1,493,503.00
equipment 0 0
and equipment 0 0
27


equipment 0 0
equipment 0 0
and equipment 1,203,699.00 3,542,548.00

Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
equipment 672,612.75 946,229.00
equipment 0 0
equipment 0 0
equipment 0 0
28
Total increase (decrease) in property, plant and equipment -984,690.25 42,896.00

equipment 672,612.75 946,229.00
equipment 0 0
and equipment 0 0

equipment 0 0
equipment 0 0
29

Classes of property, plant and equipment [Axis] Vehicles [Member]
equipment 140,713,690.13 13,777,152.00
equipment 0 0
equipment 0 0
equipment 0 0
Disposals, property, plant and equipment 1,469,726.00 827,989.00
Total disposals and retirements, property, plant and equipment 1,469,726.00 827,989.00

equipment 140,713,690.13 13,777,152.00
equipment 0 0
30
and equipment 0 0

equipment 0 0
equipment 0 0

Classes of property, plant and equipment [Axis] Motor vehicles [Member]
equipment 140,713,690.13 13,777,152.00
equipment 0 0
31

equipment 0 0
equipment 0 0

equipment 140,713,690.13 13,777,152.00
equipment 0 0
and equipment 0 0

32

equipment 0 0
equipment 0 0

Classes of property, plant and equipment [Axis] Office equipment [Member]
equipment 3,279,795.00 1,752,613.00
equipment 0 0
equipment 0 0
equipment 0 0
33

equipment 3,279,795.00 1,752,613.00
equipment 0 0
and equipment 0 0

equipment 0 0
equipment 0 0
34
Classes of property, plant and equipment [Axis] Computer equipments [Member]

equipment 4,458,261.00 4,385,104.00
equipment 0 0
equipment 0 0
equipment 0 0
Total increase (decrease) in property, plant and equipment -407,779.00 1,050,610.00

equipment 4,458,261.00 4,385,104.00
equipment 0 0
and equipment 0 0
35

equipment 0 0
equipment 0 0

Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
equipment 159,743.02 19,165.00
equipment 0 0
equipment 0 0
equipment 0 0
36
Disposals, property, plant and equipment 0 11,827.00
Total disposals and retirements, property, plant and equipment 0 11,827.00

equipment 159,743.02 19,165.00
equipment 0 0
and equipment 0 0

equipment 0 0
equipment 0 0
37


Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Electrical Electrical
Nature of other property plant and equipment others Installation Installation
equipment 159,743.02 19,165.00
equipment 0 0
equipment 0 0
equipment 0 0

equipment 159,743.02 19,165.00
38

equipment 0 0
and equipment 0 0

equipment 0 0
equipment 0 0
Disclosure of additional information about property plant and equipment [Table] ..(1)

Classes of property, plant and equipment [Axis] Property, plant and equipment [Member] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Disclosure of additional information about property plant and
equipment [Line items]
Depreciation method, property, plant and equipment N.A N.A
Useful lives or depreciation rates, property, plant and
equipment N.A N.A
Whether property, plant and equipment are stated at revalued
amount No No
39

Classes of property, plant and equipment [Axis] Buildings [Member] Other building [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
WRITTEN WRITTEN
DOWN DOWN
Depreciation method, property, plant and equipment METHOD METHOD
equipment 3-60 YEARS 3-60 YEARS
amount No No No No

Classes of property, plant and equipment [Axis] Plant and equipment [Member] Other plant and equipment [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
WRITTEN WRITTEN
DOWN DOWN
equipment 15 YEARS 15 YEARS
amount No No No No

Classes of property, plant and equipment [Axis] Furniture and fixtures [Member] Vehicles [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
WRITTEN WRITTEN
DOWN DOWN
amount No No No No

Classes of property, plant and equipment [Axis] Motor vehicles [Member] Office equipment [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
WRITTEN WRITTEN WRITTEN WRITTEN
DOWN DOWN DOWN DOWN
Depreciation method, property, plant and equipment METHOD METHOD METHOD METHOD
equipment 8 YEARS 8 YEARS 5 YEARS 5 YEARS
amount No No No No
40

Other property, plant and equipment
Classes of property, plant and equipment [Axis] Computer equipments [Member] [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
WRITTEN WRITTEN
DOWN DOWN
amount No No No No

Other property, plant and equipment,
Classes of property, plant and equipment [Axis] others [Member]
Disclosure of additional information about property plant and equipment [Abstract]
Disclosure of additional information about property plant and equipment [Line items]
WRITTEN WRITTEN
DOWN DOWN
Useful lives or depreciation rates, property, plant and equipment 10 YEARS 10 YEARS
Whether property, plant and equipment are stated at revalued amount No No
Textual information (2): Disclosure of property, plant and equipment [Text Block]
Property, plant and

equipment and
capital work-in
progress
See accounting
policies in note 3.3
Capital
Furniture Electrical
Freeho Plant and Office equi Computer work in
Particulars Buildings and Vehicles Installatio Total (A) Total (A+B)
ld land equipment pments s progres
Fixtures n
s (B)
Reconciliation of
carrying amount
Gross block
29,46,
Balance as at 1 April 64,72,36, 1,73,15,80 18,72,88,34 22,32,27,5 1,48,04,4 1,85,55,88 1,83,94,9 1,42,14,82, 41,22,0 1,42,56,04,4
59,312
2021 048.94 3.20 0.44 87.37 20.98 8.12 85.17 386.77 85.00 71.77
.53
Acquisitions through
20,24,05, 44,93,011. 88,54,548.9 9,00,47,93 1,13,51,2 76,45,089. 40,96,340 32,88,94,17 32,88,94,17
business - -
955.68 00 9 9.00 92.00 28 .99 6.96 6.96
combinations
9,60,4
9,46,228.0 14,93,502.6 1,37,77,15 17,52,613. 43,85,103 11,85,19,25 7,79,35, 19,64,54,43
Additions 6,592. 98,900.00 19,165.29
0 0 2.10 12 .83 6.96 175.50 2.47
00
(57,163.0 (2,59,648.0 (44,26,813. (52,935.0 (8,08,516. (7,58,818. (63,63,894. (84,05, (1,47,69,06

Disposals - -
0) 0) 00) 0) 37) 94) 33) 175.50) 9.83)
39,07,
Balance as at 31 84,97,40, 2,26,97,87 19,73,76,74 32,26,25,8 2,61,21,9 2,71,45,07 2,61,17,6 1,86,25,31, 7,36,52, 1,93,61,84,0
05,904
March 2022 904.63 9.20 4.01 65.47 43.27 4.15 11.04 926.36 085.00 11.37
.53
41
business - - - - - - - - - - -
combinations
17,98,0
6,08,279. 6,72,606.0 9,92,52,315 14,07,13,6 32,79,794. 44,58,261 24,91,44,70 42,89,54,47
Additions - 1,59,760 9,771.0
00 0 .74 89.52 72 .00 6.18 7.18
0
Assets classified as
(99,47,759. (99,47,759. (99,47,759.
held for sale (refer - - - - - - - -
55) 55) 55)
note 39)
(57,294.0 (1,81,782.9 (1,81,22,84 (12,04,526 (2,01,34,24 (2,01,34,24

Disposals - - - (5,67,798) -
0) 4) 6.25) .98) 8.48) 8.48)
39,07, 25,34,6
Balance as at 31 85,03,49, 2,33,13,19 28,64,99,51 44,52,16,7 2,62,81,7 2,92,20,34 3,00,08,0 2,08,15,94, 2,33,50,56,4
05,904 1,856.0
March 2023 183.63 1.20 7.27 08.74 03.47 1.90 73.73 624.51 80.52
.53 0
Accumulated
depreciation
Balance as at 1 April 16,38,93, 1,11,41,68 11,94,15,52 13,61,21,1 1,04,58,3 1,47,11,55 1,12,25,6 46,69,67,55 46,69,67,55
- -
2021 708.32 3.67 5.77 00.98 61.31 0.54 23.28 3.87 3.87
6,91,91,9 38,26,763. 35,42,548.0 5,40,64,65 55,08,290 63,34,331. 33,78,356 14,58,46,88 14,58,46,88
business - -
36.13 00 0 6.01 .00 02 .99 1.14 1.14
combinations
Depreciation for the 3,08,98,9 15,63,649. 1,22,96,994 3,69,88,26 17,60,958 19,43,867. 39,77,968 8,94,30,626 8,94,30,626.
- -
year 18.39 55 .89 8.55 .79 28 .86 .31 31
(51,232.0 (1,69,075.0 (35,98,824. (41,108.0 (7,38,474. (6,84,310. (52,83,023. (52,83,023.

Disposals - - -
0) 0) 15) 0) 42) 00) 57) 57)
Balance as at 31 26,39,84, 1,64,80,86 13,50,85,99 22,35,75,2 1,76,86,5 2,22,51,27 1,78,97,6 69,69,62,03 69,69,62,03
- -
March 2022 562.83 4.22 3.66 01.38 02.10 4.42 39.14 7.76 7.76
19,58,878 12,03,699.1 1,30,70,25 1,81,82,456 1,81,82,456.
business - - 19,49,621 - - -
.86 6 7.73 .37 37
combinations
Depreciation for the 3,62,20,6 16,39,477. 1,73,31,127 4,12,45,28 24,47,192. 10,45,42,74 10,45,42,74
- 8,43,446 48,15,561 -
year 55.60 65 .91 9.40 29 9.67 9.67
Assets classified as
(79,07,837. (79,07,837. (79,07,837.
held for sale (refer - - - - - - - -
46) 46) 46)
note 39)
(39,469.0 (1,58,083.0 (1,66,53,12 (10,78,276 (1,84,46,26 (1,84,46,26

Disposals - - - (5,17,319) -
0) 8) 0.18) .23) 7.58) 7.58)
Balance as at 31 30,21,64, 1,80,80,87 14,55,54,90 26,12,37,6 2,04,79,5 2,36,20,19 2,21,95,8 79,33,33,13 79,33,33,13
- -
March 2023 097.30 2.86 0.19 28.33 68.73 0.47 80.88 8.75 8.75
Net block
39,07,
58,57,56, 62,17,014. 6,22,90,750 9,90,50,66 84,35,441 48,93,799. 82,19,971 1,16,55,69, 7,36,52, 1,23,92,21,9
At 31 March 2022 05,904
341.80 98 .35 4.10 .16 76 .89 888.59 085.00 73.59
.53
39,07, 25,34,6
54,81,85, 52,32,318. 14,09,44,61 18,39,79,0 58,02,134 56,00,151. 78,12,192 1,28,82,61, 1,54,17,23,3
At 31 March 2023 05,904 1,856.0
086.33 34 7.09 80.41 .74 43 .85 486 41.78
.53 0
42
Note: During the

year Company had
entered into an MOU
for land purchase
and development of
yard for the purpose
of expansion of the
facility amounting to
Rs. 259.64 million
out of which Rs.
94.21 million is
capital commitment
(for FY 2020-21 Rs.
12.27 million) (Refer
Note 41 Capital
ommitments)
Textual information (3): Disclosure of property, plant and equipment [Text Block]
Property, plant
and equipment
and capital
work-in progress
See accounting
policies in note
3.3
Capital
Furniture
Freehol Plant and Electrical I Office equi Computer work in
Particulars Buildings and Vehicles Total (A) Total (A+B)
d land equipment nstallation pments s progress
Fixtures
(B)
Reconciliation of
carrying amount
Gross block
Balance as at 1 26,41,4 64,72,36, 1,62,62,01 18,47,77,8 19,46,11,1 1,46,22,02 1,80,99,14 1,00,40,61 1,34,97,93, 44,14,05 1,35,42,07,
April 2020 4,813 049 5 80 99 1 0 5 732 4 786
3,05,14, 3,17,66,68 3,98,89, 11,52,23,98

Additions - 10,53,788 27,62,851 1,82,400 4,95,893 85,58,582 7,53,34,693
500 0 290 3
4,01,81,
Disposals - - - 2,52,391 31,50,291 - 39,145 2,04,212 36,46,038 4,38,27,297
259
Balance as at 31 29,46,5 64,72,36, 1,73,15,80 18,72,88,3 22,32,27,5 1,48,04,42 1,85,55,88 1,83,94,98 1,42,14,82, 41,22,08 1,42,56,04,
March 2021 9,313 049 3 40 87 1 8 5 387 5 472
Acquisitions
20,24,05, 9,00,47,93 1,13,51,29 32,88,94,17 32,88,94,17
through business - 44,93,011 88,54,549 76,45,089 40,96,341 -
956 9 2 7 7
combinations
9,60,46, 1,37,77,15 11,85,19,25 7,79,35, 19,64,54,43

Additions 98,900 9,46,228 14,93,503 19,165 17,52,613 43,85,104
592 2 7 176 2
84,05,17
Disposals - - 57,163 2,59,648 44,26,813 52,935 8,08,516 7,58,819 63,63,894 1,47,69,070
6
Balance as at 31 39,07,0 84,97,40, 2,26,97,87 19,73,76,7 32,26,25,8 2,61,21,94 2,71,45,07 2,61,17,61 1,86,25,31, 7,36,52, 1,93,61,84,
March 2022 5,905 905 9 44 65 3 4 1 926 085 011
Accumulated
depreciation
Balance as at 1 13,59,33, 10,61,24,9 11,06,43,2 1,23,93,15 39,05,83,40 39,05,83,40

- 91,81,054 92,76,142 70,30,959 -
April 2020 875 33 80 9 3 3
Depreciation for 2,79,59,8 1,34,67,09 2,81,51,39

- 19,60,629 11,82,219 23,43,014 43,75,601 7,94,39,779 - 7,94,39,779
the year 33 0 2
43
Disposals - - - 1,76,497 26,73,571 - 24,623 1,80,937 30,55,628 - 30,55,628
Balance as at 31 16,38,93, 1,11,41,68 11,94,15,5 13,61,21,1 1,04,58,36 1,47,11,55 1,12,25,62 46,69,67,55 46,69,67,55
- -
March 2021 708 4 26 01 1 1 3 4 4
Acquisitions
6,91,91,9 5,40,64,65 14,58,46,88 14,58,46,88
through business - 38,26,763 35,42,548 55,08,290 63,34,331 33,78,357 -
36 6 1 1
combinations
Depreciation for 3,08,98,9 1,22,96,99 3,69,88,26

- 15,63,650 17,60,959 19,43,867 39,77,969 8,94,30,626 - 8,94,30,626
the year 18 5 9
Disposals - - 51,232 1,69,075 35,98,824 41,108 7,38,474 6,84,310 52,83,024 - 52,83,024
Balance as at 31 26,39,84, 1,64,80,86 13,50,85,9 22,35,75,2 1,76,86,50 2,22,51,27 1,78,97,63 69,69,62,03 69,69,62,03
- -
March 2022 563 4 94 01 2 4 9 8 8
Net block
29,46,5 48,33,42, 6,78,72,81 8,71,06,48 95,45,14,83 41,22,08 95,86,36,91

At 31 March 2021 61,74,120 43,46,060 38,44,338 71,69,362
9,313 341 5 6 3 5 8
39,07,0 58,57,56, 6,22,90,75 9,90,50,66 1,16,55,69, 7,36,52, 1,23,92,21,

At 31 March 2022 62,17,015 84,35,441 48,93,800 82,19,972
5,905 342 0 4 889 085 974
44
[400700] Notes - Investment property

Rental income from investment property, net of direct operating expense [Abstract]
Direct operating expense from investment property [Abstract]
Total direct operating expense from investment property 0 0
Rental income from investment property, net of direct operating expense 0 0
Depreciation method, investment property, cost model NA NA
Useful lives or depreciation rates, investment property, cost model NA NA
45
[400800] Notes - Goodwill

Textual Textual
Disclosure of goodwill [Text Block] Information (4) Information (5)
Disclosure of reconciliation of changes in goodwill [Table] ..(1)

Carrying amount accumulated amortization and impairment and gross carrying amount [Axis] Carrying amount [Member]
Disclosure of reconciliation of changes in goodwill [Abstract]
Disclosure of reconciliation of changes in goodwill [Line items]
Goodwill at end of period 670,154,262.00 670,154,262.00

Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Changes in goodwill [Abstract]
Total increase (decrease) in goodwill 0 0
Goodwill at end of period 670,154,262.00 670,154,262.00 670,154,262.00

Accumulated amortization and impairment
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis] [Member]
Total increase (decrease) in goodwill 0 0
Goodwill at end of period 0 0
Textual information (4): Disclosure of goodwill [Text Block]
Acquisition of subsidiary
On 10 November 2021, the Company acquired balance 27% of the shares in

Honeycomb Logistics Pvt. Ltd, primarily engaged in the business of providing
Container Freight Station (CFS) facilities and logistics services at Mundra port. As
a result. the Company's equity interest in Honeycomb Logistics Pvt. Ltd.
increased from 73% to 100%, granting it 100% control over Honeycomb Logistics
Pvt. Ltd.
For accounting purpose transation date has been considered as 30 November
2021.
Taking control of Honeycomb Logistics Pvt. Ltd. will enable the Group to
centralise its operation into a single entity to improve the efficiency at group level.
The acquisition is also expected to provide the Company with an increased share
of the Container Freight Station market at Mundra region through Honeycomb
Logistics Pvt. Ltd.'s customer base. The Company also expects to derive
operational and financial synergies through prudent financial management and
better administration, reduction in costs, focused operational efforts,
standardization and simplification of business processes, elimination of
duplication and rationalization of administrative expenses.
46
For the eight months ended 30 November 2021, Honeycomb Logistics Pvt. Ltd.
generated total income of INR 512.42 million and profit after tax of INR 173.70
million out of which Company's share of profit recorded at INR 126.80 million.
Managenent estimates that if the acquistion had occured on 1 April 2021,
consolidated total income and consolidated profit after tax for the year would have
been INR 3788.12 million and INR 1,591.09 million respectively. Management
has determined these amounts on the basis that the fair value adjustments that
arose on the date of acqusition would have been the same if the acqusition had
occured on 1 April 2021.
Consideration transferred
The following table summarises the acquisition date fair value of each major class
of consideration transferred;
Cash
No. of Fair value per 30-Nov

shares share -21
2,06,83
1,29,9 159.1
Fair value of interest in join venture as on acquisition date ,98,609
4,086 8
.48
76,50,0
48,05, 159.1
Consideration paid for 27% of shares (@ INR 159.18) 5,390.5
914 8
1
2,83,34,04,0
Total consideration transferred
00.00
Acquisition-related costs
The Company incurred acquisition-related costs of INR 0.67 million towards

professional fee and stamp duty expenses. These costs have been included in
'other expenses'.
Identifiable assets acquired and liabilities assumed
Company has done the fair valuation of assets and liabilities of Honeycomb
Logistics Pvt. Ltd. on the date of acquisition through an independent external
agency. As per the valuation report, Company has identified intangible asset
against the customer base of Honeycomb Logistics Pvt. Ltd. for an amount of INR
1720.00 million, fair value of tangible fixed asset recognised as INR 183.04 million
and Right-of-use assets valued at INR 94.47 million. Also recognised Goodwill of
INR 670.15 million as on acquisition date. Agent relationship has been
depreciated over the period of remaining useful life of the leased land.
The following table summarises the recognised amounts of assets acquired and
liabilities assumed at the date of acquisition at fair value.
Fair
value
on
30 Nov
2021
18,30,39,99
Property, plant and equipment
4.28
Capital work-in-progress 29,50,000.00
1,72,05,14,133.7
Intangible assets
4
Right-of-use assets 9,44,83,038.81
Other non-current assets 43,61,39,166.48
Current assets 22,55,59,564.53
47
Cash and cash equivalents 15,12,35,153.17
Current liabilities -8,04,58,279.41
Other non-current liabilities -4,86,39,716.91
-52,15,71,72
Deffered Tax liability on acquisition
7.62
2,16,32,51,3
Total identifiable net assets acquired
27.06
Textual information (5): Disclosure of goodwill [Text Block]
Agent relationship
and Goodwill
Depreciation Additional
Fair value as on Net block as on provided as per Depreciation for Additional WDV
Revalued WDV as on
Description 30th November, 30th November, book value Dec Dec 2021 to Mar as on 31 March
amount 31st March, 2022
2021 2021 2021 to Mar 2022 on fair 2022
2022 value
Vehicles 3,59,79,000.00 1,21,76,346.00 2,38,02,654.00 14,90,290.00 48,51,137.00 2,96,37,573.00 1,89,51,517.00
Buildings 12,71,33,000.00 11,15,66,504.00 1,55,66,496.00 37,80,353.00 7,77,245.00 12,25,75,402.00 1,47,89,251.00
Staff building 60,79,004.00 29,87,414.00 30,91,590.00 56,521.00 72,359.00 59,50,124.00 30,19,231.00
Electrical
58,43,000.00 13,54,201.00 44,88,799.00 1,01,607.00 7,76,848.00 49,64,545.00 37,11,951.00
Installation
Plant and
53,12,000.00 23,76,734.00 29,35,266.00 1,67,163.00 6,21,705.00 45,23,132.00 23,13,561.00
equipment
Furniture and
6,65,248.02 6,65,248.02 - - - 6,65,248.02 -
Fixtures
Office equipments 13,10,758.26 13,10,758.26 - - - 13,10,758.26 -
Computers 7,17,984.00 7,17,984.00 - - - 7,17,984.00 -
Total 18,30,39,994.28 13,31,55,189.28 4,98,84,805.00 55,95,934.00 70,99,294.00 17,03,44,766.28 4,27,85,511.00
Land 7,55,85,032.00 5,43,58,135.00 2,12,26,897.00 20,51,250.00 8,01,015.00 7,27,32,767.00 2,04,25,882.00
Total 7,55,85,032.00 5,43,58,135.00 2,12,26,897.00 20,51,250.00 8,01,015.00 7,27,32,767.00 2,04,25,882.00
Total 25,86,25,026.28 18,75,13,324.28 7,11,11,702.00 76,47,184.00 79,00,309.00 24,30,77,533.28 6,32,11,393.00
1,72,00,00,000.
Agent relationship 1,72,00,00,000.00 - 6,49,05,660.38 1,65,50,94,339.62
00
Goodwill 67,01,53,262.00 - 67,01,53,262.00 67,01,53,262.00
48
[400900] Notes - Other intangible assets

Textual Textual
Disclosure of other intangible assets [Text Block] Information (6) Information (7)
Whether there are intangible assets with indefinite useful life No No
Disclosure of detailed information about other intangible assets [Table] ..(1)

Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible
Sub classes of other intangible assets [Axis] assets [Member]
[Axis] Carrying amount [Member]
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 1,165,300.00 1,723,298,000.00
Acquisitions through business combinations 0 6,170,328.00
Increase (decrease) through net exchange differences 0 0
Amortisation other intangible assets -196,392,808.00 -65,734,085.00
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Revaluation increase (decrease), other intangible assets 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 -5,656,161.00
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 -5,656,161.00
Disposals and retirements, other intangible assets [Abstract]
Disposals 4,388.00 4,858.00
Retirements 0 0
Total Disposals and retirements, Other intangible assets 4,388.00 4,858.00
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets -195,231,896.00 1,658,073,224.00
Other intangible assets at end of period 1,464,382,563.00 1,659,614,459.00 1,541,235.00

Additions other than through business combinations 1,165,300.00 1,723,298,000.00
[Abstract]
Increase (decrease) through other changes 0 0
assets 0 0
49

Disposals 254,807.00 56,254.00
Retirements 0 0
Total increase (decrease) in Other intangible assets 910,493.00 1,729,412,074.00
Other intangible assets at end of period 1,738,993,291.13 1,738,082,798.13 8,670,724.13

[Axis] Accumulated amortization and impairment [Member]
Amortisation other intangible assets 196,392,808.00 65,734,085.00
assets 0 0
[Abstract]
Increase (decrease) through other changes 0 5,656,161.00
assets 0 5,656,161.00
Disposals 250,419.00 51,396.00
Total increase (decrease) in Other intangible assets 196,142,389.00 71,338,850.00
Other intangible assets at end of period 274,610,728.13 78,468,339.13 7,129,489.13

Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Additions other than through business combinations 1,165,300.00 3,298,000.00
Amortisation other intangible assets -1,675,827.00 -828,425.00
assets 0 0
[Abstract]
Increase (decrease) through other changes 0 -5,656,161.00
assets 0 -5,656,161.00
50

Disposals 4,388.00 4,858.00
Retirements 0 0
Total increase (decrease) in Other intangible assets -514,915.00 2,978,884.00

Additions other than through business combinations 1,165,300.00 3,298,000.00
[Abstract]
assets 0 0
Disposals 254,807.00 56,254.00
Retirements 0 0
Total increase (decrease) in Other intangible assets 910,493.00 9,412,074.00

Amortisation other intangible assets 1,675,827.00 828,425.00
assets 0 0
[Abstract]
Increase (decrease) through other changes 0 5,656,161.00
assets 0 5,656,161.00
Disposals 250,419.00 51,396.00
51

Classes of other intangible assets [Axis] Other intangible assets [Member]
Additions other than through business combinations 0 1,720,000,000.00
Acquisitions through business combinations 0 0
assets 0 0
[Abstract]
assets 0 0
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Other intangible assets at end of period 1,460,377,359.00 1,655,094,340.00 0

[Abstract]
assets 0 0
Disposals 0 0
Retirements 0 0
Total increase (decrease) in Other intangible assets 0 1,720,000,000.00
52

assets 0 0
[Abstract]
assets 0 0
Disposals 0 0
Other intangible assets at end of period 259,622,641.00 64,905,660.00 0

Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Agent Agent
Nature of other intangible assets others Relationship Relationship
assets 0 0
[Abstract]
assets 0 0
Disposals 0 0
Retirements 0 0
53

Agent Agent
[Abstract]
assets 0 0
Disposals 0 0
Retirements 0 0
Total increase (decrease) in Other intangible assets 0 1,720,000,000.00

Agent Agent
assets 0 0
[Abstract]
assets 0 0
Disposals 0 0
Other intangible assets at end of period 259,622,641.00 64,905,660.00 0
Disclosure of additional information about other intangible assets [Table]

54

Intangible assets other than internally
Sub classes of other intangible assets [Axis] generated [Member]
Disclosure of additional information about other intangible assets [Abstract]
Disclosure of additional information about other intangible assets [Line items]
As per Schedule As per Schedule
Amortisation method, other intangible assets XIV XIV
Written Down Written Down
Useful lives or amortisation rates, other intangible assets Value Value
Whether other intangible assets are stated at revalued amount No No
Textual information (6): Disclosure of other intangible assets [Text Block]
Other intangible assets and Intangible

assets under development
See accounting policies in note 3.4
Intangible assets
Particulars Agent Relationship Computer Softwares Total under
development
Reconciliation of carrying amount
Gross block
Balance as at 1 April 2021 - 86,70,724 86,70,724.13 4,00,000.00
Acquisitions through business 1,72,00,00

61,70,295 1,72,61,70,295.00 29,50,000.00
combinations ,000.00
Additions - 32,98,000 32,98,000.03 8,85,000.00
Disposals - (56,254) (56,254.00) (1,00,000.00)
Balance as at 31 March 2022 1,72,00,00,000.00 1,80,82,765 1,73,80,82,765.16 41,35,000.00
Acquisitions through business

- - - -
combinations
Additions - 11,65,300 11,65,300.00 -
Disposals - (2,54,807) (2,54,807.31) (3,00,000.00)
Accumulated amortisation
Balance as at 1 April 2021 - 71,29,456 71,29,455.92 -

- 56,56,161 56,56,161.27 -
combinations
Amortisation charge for the year 6,49,05,660.38 8,28,425 6,57,34,085.27 -
Disposals - (51,396) (51,396.00) -
Balance as at 31 March 2022 6,49,05,660.38 1,35,62,646 7,84,68,306.45 -

- - - -
combinations
19,47,16,9
Amortisation charge for the year 16,75,827 19,63,92,808.25 -
81.13
Disposals - (2,50,419) (2,50,419.40) -
25,96,22,6
Balance as at 31 March 2023 1,49,88,054 27,46,10,695.30 -
41.51
Net block
At 31 March 2022 1,65,50,94,339.62 45,20,119 1,65,96,14,458.74 41,35,000.00
At 31 March 2023 1,46,03,77,358.49 40,05,204 1,46,43,82,563 38,35,000.00
55
Textual information (7): Disclosure of other intangible assets [Text Block]
Other intangible assets and Intangible

assets under development
See accounting policies in note 3.4
Agent Intangible assets

Particulars Computer Softwares Total
Relationship under development
Reconciliation of carrying amount
Gross block
Balance as at 1 April 2020 - 81,72,923 81,72,923.35 1,00,000.00
Additions - 7,04,399 7,04,399.18 5,63,400.00
Disposals - 2,06,598 2,06,598.39 2,63,400.00
Balance as at 31 March 2021 - 86,70,724 86,70,724.13 4,00,000.00
1,72,0
Acquisitions through business 61,70,29
0,00,0 1,72,61,70,295.00 -
combinations 5
00.00
Additions - 32,98,000 32,98,000.03 38,35,000.00
Disposals - 56,254 56,254.00 1,00,000.00
Accumulated amortisation
Balance as at 1 April 2020 - 69,96,437 69,96,437.34 -
Amortisation charge for the year - 2,87,789 2,87,788.74 -
Disposals - 1,54,770 1,54,770.15 -
Balance as at 31 March 2021 - 71,29,456 71,29,455.94 -
Acquisitions through business 56,56,16

- 56,56,161.27 -
combinations 1
6,49,05,
Amortisation charge for the year 8,28,425 6,57,34,085.26 -
660
Disposals - 51,396 51,396.00 -
Balance as at 31 March 2022 6,49,05,660 1,35,62,646 7,84,68,306.46 -
Net block
At 31 March 2021 - 15,41,268 19,41,268.20 4,00,000.00
At 31 March 2022 1,65,50,94,340 45,20,119 1,65,96,14,459 41,35,000.00
56
[401000] Notes - Biological assets other than bearer plants

Depreciation method, biological assets other than bearer plants, at cost NA NA
Useful lives or depreciation rates, biological assets other than bearer plants, at cost NA NA
57
[401100] Notes - Subclassification and notes on liabilities and assets

Subclassification and notes on liabilities and assets [Abstract]
Other non-current financial assets notes [Abstract]
Other non-current financial assets [Abstract]
Dividend receivable [Abstract]
Total dividend receivable 0 0
Other non-current financial assets, others 5,128,912.00 2,837,800.00
Total other non-current financial assets 5,128,912.00 2,837,800.00
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Advances, non-current 0 0
Other non-current assets, others 313,747,344.00 229,032,478.00
Total other non-current assets 313,747,344.00 229,032,478.00
Cash and bank balances notes [Abstract]
Cash and bank balances [Abstract]
Classification of cash and bank balances [Abstract]
Cash and cash equivalents [Abstract]
Balance with banks [Abstract]
Fixed deposits with banks 296,500,000.00 242,999,999.00
Other balances with banks 48,830,140.00 15,626,398.00
Total balance with banks 345,330,140.00 258,626,397.00
Cash on hand 122,860.00 163,782.00
Others 0 55,000,000.00
Total cash and cash equivalents 345,453,000.00 313,790,179.00
Bank balance other than cash and cash equivalents 159,000,000.00 0
Total cash and bank balances 504,453,000.00 313,790,179.00
Nature of other cash and cash equivalents bank balance bank balance
Details of balances held with banks to extent held as margin money or security against borrowings,
guarantees or other commitments [Abstract]
Total balances held with banks to extent held as margin money or security against borrowings,
guarantees or other commitments 0 0
Bank deposits with more than 12 months maturity 0 0
Other current financial assets [Abstract]
Unbilled revenue 0 28,967,481.00
Security deposits 0 0
Other current financial assets others 6,854,210.00 1,286,305.00
Total other current financial assets 6,854,210.00 30,253,786.00
Other current assets notes [Abstract]
Other current assets [Abstract]
Advances, current 85,366,142.00 43,086,262.00
Other current assets, others 2,039,922.00 338,242.00
Total other current assets 87,406,064.00 43,424,504.00
Disclosure of other non-current financial liabilities notes [Abstract]
Other non-current financial liabilities [Abstract]
Other non-current financial liabilities, others 5,679,477.00 0
Total other non-current financial liabilities 5,679,477.00 0
Other non-current liabilities [Abstract]
Other non-current liabilities others 53,977,575.00 38,647,645.00
Total other non-current liabilities 53,977,575.00 38,647,645.00
Disclosure of other current financial liabilities notes [Abstract]
Other current financial liabilities [Abstract]
Interest accrued on borrowings 0 0
Interest accrued on public deposits 0 0
Interest accrued others 0 0
Unpaid dividends 0 0
Application money received for allotment of securities and due for refund and interest accrued thereon
[Abstract]
Total application money received for allotment of securities and due for refund and interest accrued
thereon 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Debentures claimed but not paid 0 0
Public deposit payable, current 0 0
Other current financial liabilities, others 34,111,378.00 16,014,186.00
Total other current financial liabilities 34,111,378.00 16,014,186.00
58
Disclosure of other current liabilities notes [Abstract]

Other current liabilities [Abstract]
Other advance [Abstract]
Total other advance 0 0
Deposits refundable current [Abstract]
Total deposits refundable current 0 0
Other payables, current [Abstract]
Current liabilities portion of share application money pending allotment 0 0
Total other payables, current 0 0
Proposed dividend [Abstract]
Proposed equity dividend [Abstract]
Total proposed equity dividend 0 0
Proposed preference dividend [Abstract]
Total proposed preference dividend 0 0
Total proposed dividend 0 0
Other current liabilities, others 126,281,967.00 84,142,947.00
Total other current liabilities 126,281,967.00 84,142,947.00
Subclassification of trade receivables [Table]

Classification based on current non-current
Classification based on current non-current [Axis] [Member] Current [Member]
Classification of assets based on security
Classification of assets based on security [Axis] [Member] Unsecured considered good [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 196,587,753.00 105,286,919.00 196,587,753.00 105,286,919.00
Allowance for bad and doubtful debts 0 0 0 0
Total trade receivables 196,587,753.00 105,286,919.00 196,587,753.00 105,286,919.00
Details of trade receivables due by directors, other officers or
others [Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Details of trade receivables due by firms or companies in
which any director is partner or director [Abstract]
Total trade receivables due by firms or companies in which
any director is partner or director 0 0
Other non-current financial assets, others [Table]

Classification of other non-current financial assets others [Axis] 1
Other non-current financial assets, others [Abstract]
Other non-current financial assets, others [Line items]
Security deposits Security deposits
Loans receivables Loans receivables
considered good- considered good-
Description other non-current financial assets, others Unsecured Unsecured
Other non-current financial assets, others 5,128,912.00 2,837,800.00
Details of advances [Table] ..(1)

Classification of advances [Axis] Advances given suppliers [Member] Prepaid expenses [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 14,143,080.00 10,126,160.00 25,241,741.00 23,813,497.00
Details of advance to related parties 0 0 0 0
Nature of other advance 0 0 0 0
Details of advance due by directors other officers or others
[Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
59
Details of advance due by firms or companies in which any

director is partner or director [Abstract]
Total advance due by firms or companies in which any
director is partner or director 0 0 0 0
Details of advances [Table] ..(2)

Classification of advances [Axis] Service tax receivable [Member] Other advances, others [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 36,046,194.00 7,123,855.00 9,935,127.00 2,022,750.00
Details of advance to related parties 0 0
Nature of other advance 0 0
Details of advance due by directors other officers or others
[Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Details of advance due by firms or companies in which any
director is partner or director [Abstract]
Total advance due by firms or companies in which any
director is partner or director 0 0 0 0
Other non-current assets, others [Table] ..(1)

Other non-current assets, others [Axis] 1 2
Period FY 2023 FY 2022 FY 2023 FY 2022
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Prepaid expenses- Income tax assets
Description of other non-current assets, others Capital advances Capital advances non current (net)
Other non-current assets, others 147,977,122.00 125,621,586.00 14,598,018.00 18,745,245.00

Period FY 2023 FY 2022 FY 2023 FY 2022
Advance income
tax recoverable
[net of provision
for taxation Rs.
2,069.42 million Deposits with
(Previous year: customs and other
Rs. 1,928.89 Prepaid expenses- Right-of-use government
Description of other non-current assets, others million] non current assets authorities
Other non-current assets, others 59,514,838.00 10,527,680.00 91,657,366.00 335,988.00

Period FY 2022
Deposits with Right-of-use
Description of other non-current assets, others others assets
Other non-current assets, others 1,069,212.00 72,732,767.00
Classification of inventories [Table]

60
Classification of inventories [Axis] Company inventories [Member] Stores and spares [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 0 0 0 0
Mode of valuation n.a n.a
Other current financial assets others [Table] ..(1)

Other current financial assets others [Axis] 1 2
Period FY 2023 FY 2022 FY 2023 FY 2022
Other current financial assets others [Abstract]
Other current financial assets others [Line items]
Interest accrued Interest accrued
on security on security Insurance on fixed Insurance on fixed
Description other current financial assets others deposits deposits deposit deposit
Other current financial assets others 167,058.00 222,736.00 6,522,752.00 978,329.00
Other current financial assets others [Table] ..(2)

Other current financial assets others [Axis] 3 4
Other current financial assets others [Abstract]
Other current financial assets others [Line items]
Insurance claim Insurance claim
Description other current financial assets others receivable receivable Security Deposits
Other current financial assets others 64,400.00 85,240.00 100,000.00
Other current assets others [Table]

Other current assets others [Axis] 1 2
Other current assets others [Abstract]
Other current assets others [Line items]
Assets classified
Description of other current assets others Employee benefits Employee benefits as held for sale
Other current assets, others 0 338,242.00 2,039,922.00
Other non-current financial liabilities others [Table]

Other non-current financial liabilities others [Axis] 1
Period FY 2023
Other non-current financial liabilities others [Abstract]
Other non-current financial liabilities others [Line items]
Description other non-current financial liabilities others Retention money
Other non-current financial liabilities, others 5,679,477.00
Disclosure of breakup of provisions [Table]

Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision gratuity 61,763,265.00 52,365,123.00 6,453,107.00 14,665,537.00
Total provisions for employee benefits 61,763,265.00 52,365,123.00 6,453,107.00 14,665,537.00
CSR expenditure provision 0 0 0 0
Total provisions 61,763,265.00 52,365,123.00 6,453,107.00 14,665,537.00
Other non-current liabilities others [Table]

61
Other non-current liabilities others [Axis] 1 2

Period FY 2023 FY 2022 FY 2023 FY 2022
Other non-current liabilities others [Abstract]
Other non-current liabilities others [Line items]
Deferred Deferred
Description of other non-current liabilities others government grant government grant Lease liabilities Lease liabilities
Other non-current liabilities others 2,623,185.00 3,230,523.00 51,354,390.00 35,417,122.00
Other current financial liabilities, others [Table] ..(1)

Other current financial liabilities, others [Axis] 1 2
Period FY 2023 FY 2022 FY 2023 FY 2022
Other current financial liabilities, others [Abstract]
Other current financial liabilities, others [Line items]
Creditors for Creditors for Retention money Retention money
Description of other current financial liabilities, others capital goods capital goods payable payable
Other current financial liabilities, others 14,458,880.00 28,548.00 3,463,817.00 3,556,445.00

Other current financial liabilities, others [Axis] 3 4
Period FY 2023 FY 2022 FY 2023 FY 2022
Interest free Interest free
security deposits security deposits Employees related Employees related
Description of other current financial liabilities, others from customers from customers liabilities liabilities
Other current financial liabilities, others 4,551,703.00 1,154,403.00 11,636,978.00 8,405,668.00

Other current financial liabilities, others [Axis] 5
Description of other current financial liabilities, others Other Payables Other Payables
Other current financial liabilities, others 0 2,869,122.00
Other current liabilities, others [Table] ..(1)

Other current liabilities, others [Axis] 1 2
Period FY 2023 FY 2022 FY 2023 FY 2022
Other current liabilities, others [Abstract]
Other current liabilities, others [Line items]
Deferred Deferred Advances from Advances from
Description of other current liabilities, others government grant government grant customers customers
Other current liabilities, others 607,337.00 747,953.00 60,221,419.00 40,456,063.00

Period FY 2023 FY 2022 FY 2023 FY 2022
Statutory Dues Statutory Dues
Payable ( Includes Payable ( Includes
PF payable, ESIC PF payable, ESIC
payable, P Tax payable, P Tax
payable and TCS payable and TCS
Description of other current liabilities, others TDS payable TDS payable payable) payable)
Other current liabilities, others 0 12,037,276.00 13,642,106.00 3,982,074.00
62

Period FY 2023 FY 2022 FY 2023 FY 2022
Description of other current liabilities, others Other Payables Other Payables Lease liability Lease liability
Other current liabilities, others 35,574,290.00 20,652,410.00 16,236,815.00 6,267,171.00
63
[401200] Notes - Additional disclosures on balance sheet

Additional balance sheet notes [Abstract]
Contingent liabilities and commitments [Abstract]
Classification of contingent liabilities [Abstract]
Total contingent liabilities 0 0
Classification of commitments [Abstract]
Total commitments 0 0
Total contingent liabilities and commitments 0 0
Details regarding dividends [Abstract]
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity shareholders [INR/shares] 0 [INR/shares] 0
Amount of per share dividend proposed to be distributed to preference shareholders [INR/shares] 0 [INR/shares] 0
Percentage of proposed dividend 0% 0%
Details of share capital held by foreign companies [Abstract]
Percentage of share capital held by foreign company 0% 0%
Value of share capital held by foreign company 0 0
Percentage of paid-up capital held by foreign holding company and or with its
subsidiaries 0% 0%
Value of paid-up capital held by foreign holding company and or with its
subsidiaries 0 0
Details of deposits [Abstract]
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Disclosure of equity share warrants [Abstract]
Changes in equity share warrants during period [Abstract]
Additions to equity share warrants during period [INR] 0 [INR] 0
Deductions in equity share warrants during period [INR] 0 [INR] 0
Total changes in equity share warrants during period [INR] 0 [INR] 0
Equity share warrants at end of period [INR] 0 [INR] 0 [INR] 0
Breakup of equity share warrants [Abstract]
Equity share warrants for existing members [INR] 0 [INR] 0
Equity share warrants for others [INR] 0 [INR] 0
Total equity share warrants [INR] 0 [INR] 0 [INR] 0
Details of share application money received and paid [Abstract]
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [INR] 0 [INR] 0
Number of person share application money received during year [INR] 0 [INR] 0
Number of person share application money paid as at end of year [INR] 0 [INR] 0
Number of person share application money received as at end of year [INR] 0 [INR] 0
Share application money received and due for refund 0 0
Details regarding cost records and cost audit[Abstract]
Details regarding cost records [Abstract]
Whether maintenance of cost records by company has been mandated under
Companies (Cost Records and Audit) Rules, 2014 No No
Net worth of company 0 0
Details of unclaimed liabilities [Abstract]
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Financial parameters balance sheet items [Abstract]
Investment in subsidiary companies 0 0
Investment in government companies 0 0
Amount due for transfer to investor education and protection fund (IEPF) 0 0
Gross value of transactions with related parties 0 0
Number of warrants converted into equity shares during period [INR] 0 [INR] 0
Number of warrants converted into preference shares during period [INR] 0 [INR] 0
Number of warrants converted into debentures during period [INR] 0 [INR] 0
Number of warrants issued during period (in foreign currency) [INR] 0 [INR] 0
64
Number of warrants issued during period (INR) [INR] 0 [INR] 0
Details of shareholding pattern of promoters and public [Table]

Shareholding pattern of promoters and
Shareholding pattern of promoters and public [Axis] public [Member]
Classification based on nationality or origin
Classification based on nationality or origin [Axis] [Member]
Details of shareholding pattern of promoters and public [Abstract]
Total number of shareholders promoters and public [INR] 0 [INR] 0
65
[500100] Notes - Subclassification and notes on income and expenses

Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company [Abstract]
Revenue from sale of products 0 0
Revenue from sale of services 2,991,150,202.00 2,185,485,975.00
Total revenue from operations other than finance company 2,991,150,202.00 2,185,485,975.00
Disclosure of revenue from operations for finance company [Abstract]
Total revenue from operations finance company 0 0
Total revenue from operations 2,991,150,202.00 2,185,485,975.00
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 18,274,065.00 0
Total interest income on current investments 18,274,065.00 0
Interest income on non-current investments [Abstract]
Total interest income on non-current investments 0 0
Total interest income 18,274,065.00 0
Dividend income [Abstract]
Dividend income current investments [Abstract]
Total dividend income current investments 0 0
Dividend income non-current investments [Abstract]
Total dividend income non-current investments 0 0
Total dividend income 0 0
Net gain/loss on sale of investments [Abstract]
Net gain/loss on sale of current investments 0 15,161,458.00
Net gain/loss on sale of non-current investments 2,625,394.00 0
Total net gain/loss on sale of investments 2,625,394.00 15,161,458.00
Rental income on investment property [Abstract]
Total rental income on investment property 0 0
Other non-operating income [Abstract]
Net gain (loss) on foreign currency fluctuations treated as other income [Abstract]
Total net gain/loss on foreign currency fluctuations treated as other income 0 0
Income government grants subsidies 747,953.00 0
Miscellaneous other non-operating income 1,552,248.00 1,075,055,398.00
Total other non-operating income 2,300,201.00 1,075,055,398.00
Total other income 23,199,660.00 1,090,216,856.00
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense non-current loans [Abstract]
Total interest expense non-current loans 0 0
Interest expense current loans [Abstract]
Total interest expense current loans 0 0
Interest lease financing 2,066,127.00 0
Other interest charges 3,901,226.00 1,491,902.00
Total interest expense 5,967,353.00 1,491,902.00
Total finance costs 5,967,353.00 1,491,902.00
Employee benefit expense [Abstract]
Salaries and wages 117,929,152.00 95,271,246.00
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Remuneration to manager [Abstract]
Total remuneration to manager 0 0
Total managerial remuneration 0 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 11,358,824.00 9,975,913.00
Total contribution to provident and other funds 11,358,824.00 9,975,913.00
Employee share based payment [Abstract]
Total employee share based payment 0 0
Gratuity 3,877,441.00 3,173,597.00
Staff welfare expense 4,752,230.00 1,676,401.00
Other employee related expenses 478,639.00 0
Total employee benefit expense 138,396,286.00 110,097,157.00
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 141,652,341.00 93,038,411.00
66
Amortisation expense 196,392,808.00 65,734,085.00

Total depreciation, depletion and amortisation expense 338,045,149.00 158,772,496.00
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 0 0
Power and fuel 0 0
Rent 5,650,408.00 2,868,420.00
Repairs to building 72,920,804.00 45,326,715.00
Repairs to machinery 12,175,684.00 9,781,947.00
Insurance 20,380,452.00 15,441,418.00
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 26,942,084.00 31,937,661.00
Total rates and taxes excluding taxes on income 26,942,084.00 31,937,661.00
Telephone postage 3,169,476.00 1,862,494.00
Printing stationery 3,413,263.00 2,557,835.00
Travelling conveyance 7,947,234.00 2,800,401.00
Safety security expenses 28,601,915.00 21,637,744.00
Directors sitting fees 0 0
Bank charges 137,881.00 40,065.00
Advertising promotional expenses 9,048,212.00 5,254,222.00
Cost transportation [Abstract]
Total cost transportation 0 0
Impairment loss on financial assets [Abstract]
Total impairment loss on financial assets 0 0
Impairment loss on non financial assets [Abstract]
Total impairment loss on non-financial assets 0 0
Net provisions charged [Abstract]
Total net provisions charged 0 0
Discount issue shares debentures written off [Abstract]
Total discount issue shares debentures written off 0 0
Loss on disposal of intangible Assets 0 0
Loss on disposal, discard, demolishment and destruction of depreciable property plant and equipment 0 0
Contract cost [Abstract]
Overhead costs apportioned contracts [Abstract]
Total overhead costs apportioned contracts 0 0
Total contract cost 0 0
Payments to auditor [Abstract]
Payment for audit services 1,884,637.00 1,450,504.00
Payment for taxation matters 432,498.00 140,714.00
Payment for reimbursement of expenses 132,134.00 106,402.00
Total payments to auditor 2,449,269.00 1,697,620.00
Payments to cost auditor [Abstract]
Total payments to cost auditor 0 0
CSR expenditure 22,356,964.00 19,471,577.00
Miscellaneous expenses 75,939,639.00 59,457,467.00
Total other expenses 291,133,285.00 220,135,586.00
Current tax [Abstract]
Current tax pertaining to current year 102,854,281.00 178,125,825.00
Total current tax 102,854,281.00 178,125,825.00
67
[500200] Notes - Additional information statement of profit and loss

Additional information on profit and loss account [Abstract]
Material income and expense [Abstract]
Write-downs (reversals of write-downs) of inventories [Abstract]
Net write-downs (reversals of write-downs) of inventories 0 0
Write-downs (reversals of write-downs) of property, plant and equipment [Abstract]
Reversal of impairment loss recognised in profit or loss, property, plant and equipment 0 0
Net write-downs (reversals of write-downs) of property, plant and equipment 0 0
Impairment loss (reversal of impairment loss) on trade receivables [Abstract]
Net impairment loss (reversal of impairment loss) recognised in profit or loss, trade receivables 0 0
Gains (losses) on disposals of non-current assets [Abstract]
Net gains (losses) on disposals of non-current assets 0 0
Gains (losses) on disposals of property, plant and equipment [Abstract]
Net gains (losses) on disposals of property, plant and equipment 0 0
Gains (losses) on disposals of investment properties [Abstract]
Net gains (losses) on disposals of investment properties 0 0
Gains (losses) on disposals of investments [Abstract]
Net gains (losses) on disposals of investments 0 0
Gains (losses) on litigation settlements [Abstract]
Net gains (losses) on litigation settlements 0 0
Gains (losses) on change in fair value of derivatives [Abstract]
Net gains (losses) on change in fair value of derivatives 0 0
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net
of tax [Abstract]
Total share of other comprehensive income of associates and joint ventures accounted for using equity
method, net of tax 0 0
Share of other comprehensive income of associates and joint ventures accounted for using equity method,
before tax [Abstract]
Total share of other comprehensive income of associates and joint ventures accounted for using equity
method, before tax 0 0
Income tax relating to share of other comprehensive income of associates and joint ventures accounted for
using equity method [Abstract]
Total aggregated income tax relating to share of other comprehensive income of associates and joint
ventures accounted for using equity method 0 0
Income tax relating to components of other comprehensive income [Abstract]
Total aggregated income tax relating to components of other comprehensive income 0 0
Changes in inventories of finished goods, work-in-progress and stock-in-trade [Abstract]
Total changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
Details of exceptional items [Abstract]
Exceptional items after tax [Abstract]
Exceptional items before tax 0 126,797,515.00
Total exceptional items 0 126,797,515.00
Share of profit of
equity accounted
investees (net of
Details of nature of exceptional items income tax)
Revenue arising from exchanges of goods or services [Abstract]
Total revenue arising from exchanges of goods or services 0 0
Breakup of revenue as export and domestic [Abstract]
Revenue from sale of products [Abstract]
Domestic turnover goods, gross [Abstract]
Total domestic turnover goods, gross 0 0
Export turnover goods, gross [Abstract]
Total export turnover goods, gross 0 0
Total revenue from sale of products 0 0
Revenue from sale of services [Abstract]
Domestic revenue services 2,991,150,202.00 2,185,485,975.00
Total revenue from sale of services 2,991,150,202.00 2,185,485,975.00
Gross value of transaction with related parties 0 0
Bad debts of related parties 0 0
68
[610100] Notes - List of accounting policies

Textual Textual
Disclosure of significant accounting policies [Text Block] Information (8) Information (9)
Textual Textual
Description of accounting policy for government grants [Text Block] Information (10) Information (11)
Textual information (8): Disclosure of significant accounting policies [Text Block]
Company information
Ameya Logistics Private Limited (‘the Company’) is a private limited Company domiciled in India and incorporated under the provision of the
Companies Act, 1956 on 23 rd September 2003 having CIN : U63030MH2003PTC142331 located at Village-Dhasakoshi, Post-Koproli, Tal-Uran,
Dist-Raigad, Maharashtra - 410 212.
The Company has engaged in business of Container Freight Stations (CFS) / Inland Container Depot (ICD) at various locations, transportation of
cargo by containers on Indian Railways network, road transportation of containers / cargo and operating storage facilities in India.
Basis of Preparation and measurement
Statement of compliance
The accompanying financial statements have been prepared in accordance with the accounting principles generally accepted in India, including
the Indian Accounting Standards (Ind AS) as per the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting
Standards) (Amendment) Rules, 2016 notified under section 133 of the Companies Act, 20 I 3, (the 'Act') and other relevant provisions of the Act.
The financial statements were authorised for issue by the Company’s Board of Directors on 25 th September 2023.
Basis of measurement
The financial statements have been prepared under the historical cost basis except for the following items:
Certain financial assets and financial liabilities are at fair value;
Defined benefit plans – net plan assets that are measured at fair value.
Functional and presentation currency
The financial statements are presented in Indian Rupees (INR), which is also the Company’s functional currency. All amounts disclosed in
financial statements have been reported in million rupees as per requirement of Schedule III, unless otherwise stated.
Use of estimates and judgements
The preparation of the financial statements under Ind AS requires management to take decisions and make estimates and assumptions that may
impact the value of revenues, costs, assets and liabilities and the related disclosures concerning the items involved as well as contingent assets
and liabilities at the balance sheet date. Estimates and judgements are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the circumstances.
Basis of Preparation and measurement (Continued)

(d ) Use of estimates and judgements (Continued)
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the
related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year are discussed below:
Impairment of Non-Financial Assets
The Company assesses at each reporting date whether there is an indication that an asset may be impaired. If any indication exists, or when
annual impairment testing for an asset is required, the Company estimates the asset’s recoverable amount. An asset’s recoverable amount is
higher of an asset’s or CGU’s fair value less costs of disposal and its value in use. It is determined for an individual asset, unless the asset does
not generate the cash inflow that is largely independent of those from other asset or group of assets. Where the carrying amount of an asset or
CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount.
In assessing the value in use, the estimated future cash flow are discounted to their present value using a pre-tax discount rate that reflects
current market assessment of the time value of money and the risks specific to the asset. In determining fair value less costs of disposal, recent
market transactions are taken into account. If no such transactions can be identified, an appropriate valuation model is used. These calculations
are corroborated by valuation multiples, quoted shares prices or other available fair value indicators.
Property, Plant and Equipment
The Company estimates the useful lives of property, plant and equipment to be from 3 to 60 years. The useful life is based on the period over
which the assets are expected to be available for use. The Company estimates the residual value of these property, plant and equipment to be at
5 percent at the end of its useful life. The estimation of the useful lives and residual value of property, plant and equipment is based on collective
assessment of industry practice, internal technical evaluation and on the historical experience with similar assets. It is possible, however, that
future results from operations could be materially affected by changes in estimates brought about by changes in factors mentioned above. The
amounts and timing of recorded expenses for any period would be affected by changes in these factors and circumstances. The estimated useful
lives and residual value are reviewed annually and are updated if expectations differ from previous estimates due to physical wear and tear,
technical or commercial obsolescence and legal or other limits on the use of the assets.

Use of estimates and judgements (Continued)
Impairment of Financial Assets
The impairment provisions for financial assets are based on assumption about risk of default and expected loss rate. The Company uses
judgement in making these assumptions and selecting the inputs to the impairment calculation, based on Company’s past history, existing
69
market conditions as well as forward looking estimates at the end of each reporting period.
(iv) Defined benefit obligations
The present value of the defined benefit obligations depends on a number of factors that are determined on an actuarial basis using a number of
assumptions. The assumptions used in determining the net cost (income) for post employments plans include the discount rate. Any changes in
these assumptions will impact the carrying amount of such obligations.
The Company determines the appropriate discount rate at the end of each year. This is the interest rate that should be used to determine the
present value of estimated future cash outflows expected to be required to settle the defined benefit obligations. In determining the appropriate
discount rate, the Company considers the interest rates of government bonds of maturity approximating the terms of the related plan liability.
(v) Income taxes
Income tax expense comprises current and deferred income tax. Income tax expense is recognized in net profit in the Statement of Profit and
Loss except to the extent that it relates to items recognized directly in equity, in which case it is recognized in other comprehensive income.
Current income tax for current and prior periods is recognized at the amount expected to be paid to or recovered from the tax authorities, using
the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date. Deferred income tax assets and liabilities
are recognized for all temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial
statements. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related
tax benefit will be realised. Deferred income tax assets and liabilities are measured using tax rates and tax laws that have been enacted or
substantively enacted by the Balance Sheet date and are expected to apply to taxable income in the years in which those temporary differences
are expected to be recovered or settled. The effect of changes in tax rates on deferred income tax assets and liabilities are recognised as income
or expense in the period that includes the enactment or the substantive enactment date. A deferred income tax asset is recognized to the extent
that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses can be utilised.
Deferred income taxes are not provided on the undistributed earnings of subsidiaries where it is expected that the earnings of the subsidiary will
not be distributed in the foreseeable future.

(v) Income taxes (Continued)
Company has adopted the amendments in IND AS 12 Appendix C, Uncertainty over Income Tax Treatments, with effect from 1st April 2019 by
applying prospectively with cumulative effect of initial application of Appendix C by adjusting equity without adjusting comparatives; accordingly
Company has recognised the accumulated unused Minimum Alternative Tax credit entitlement by adjusting the equity. The company and its
management are of the opinion that in future years, Company will generate sufficient taxable income to utilise the MAT credit recognised in
books. Further such credit can be utilised for a period of 15 years from the year of entitlement as per the prevailing income tax laws.
Measurement of fair value
The Company discloses fair values of financial instruments measured at amortised cost in the financial statements.
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:
In the principal market for the asset or liability or
In the absence of a principal market, in the most advantageous market for the asset or liability
The Company must be able to access the principal or the most advantageous market at the measurement date.
The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability,
assuming that market participants act in their economic best interest.
A fair value measurement of a non-financial asset takes into account a market participant's ability to generate economic benefits by using the
asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use.
The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair
value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs 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

Measurement of fair value (Continued)
Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable
For assets and liabilities that are recognised in the financial statements on a recurring basis, the Company determines whether transfers have
occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is significant to the fair value
measurement as a whole) at the end of each reporting period. Valuation process and assumption used to measure the fair value of Assets and
Liabilities is disclosed.
Significant accounting policies
The financial statements have been prepared using the significant accounting policies and measurement basis summarised below. These were
used throughout all periods presented in the financial statements.
3.1 Current and non-current classification
All assets and liabilities are classified into current and non-current.
Assets
An asset is classified as current when it satisfies any of the following criteria:
it is expected to be realised in, or is intended for sale or consumption in, the Company’s normal operating cycle;
it is held primarily for the purpose of being traded;
it is expected to be realised within 12 months after the reporting date; or
it is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least 12 months after the reporting date.
Current assets include the current portion of non-current financial assets.
70
All other assets are classified as non-current.

Liabilities
A liability is classified as current when it satisfies any of the following criteria:
it is expected to be settled in the Company’s normal operating cycle;
it is due to be settled within 12 months after the reporting date; or
d. the Company does not have an unconditional right to defer settlement of the liability for at least 12 months after the reporting date. Terms of a
liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification.
3 Significant accounting policies (Continued)

Current liabilities include current portion of non-current financial liabilities.
All other liabilities are classified as non-current.
Deferred tax assets and liabilities are classified as non-current assets and liabilities.
The operating cycle is the time between the acquisition of assets for processing and their realisation in cash and cash equivalents. The Company
has identified twelve months as its operating cycle.
3.2 Revenue recognition
Revenue from sale of services
Handling revenue and storage revenue is recognised at the time of delivery / gate out of container or cargo.
The Company recognises revenue when it satisfies performance obligations as per the terms of the contract. Revenue is recognised upon
transfer of control of promised services to customer in an amount that reflects the consideration which the Company expects to receive in
exchange for those services.
In arrangements for rendering of container handling and storage services, the Company has applied the guidance in Ind AS 115, Revenue from
contract with customer, by applying the revenue recognition criteria for each distinct performance obligation. The arrangements with customers
generally meet the criteria for considering container handling service as distinct performance obligations. For allocating the transaction price, the
Company has measured the revenue in respect of each performance obligation of a contract at its relative selling price. The price that is regularly
charged for an item when sold separately is the best evidence of its selling price. In cases where the Company is unable to determine the selling
price, the Company uses the expected cost plus margin approach in estimating the selling price. Any consideration payable to the customer is
adjusted to the transaction price, unless it is a payment for a distinct product or service from the customer.
For container handling service, the performance obligations are satisfied as and when the services are rendered since the customer generally
obtains control of the work as it progress.
Contract assets are recognised when there is excess of revenue earned over billings on contracts. Contract assets are classified as unbilled
receivables when there is unconditional right to receive cash, based on the proportionate completion of services, as per contractual terms.
Contract liabilities are recognised when there is billing in excess of revenue and advance received from customers.
Ancillary revenue is recognised upon completion of the services provided. All revenue is stated exclusive of service tax and Goods and Service
Tax (GST).
Discounts are netted off against revenue and are provided based on individual contracts/ operating arrangements entered in to with the
customers on accrual basis after satisfaction of performance obligation as per the individual contracts / operating arrangements.

3.2 Revenue recognition (Continued)
Income from abandoned cargo:
Revenue and expenses from sale of abandoned cargo are recognized when auctioned.
Income from business service center charges and Equipment rent:
Business service center charges and equipment rent is accounted on time proportionate basis, based on agreement entered into with respective
customers.
Finance income:
Finance income is recognised as it accrues using the Effective Interest Rate (EIR) method.
EIR is the rate that exactly discounts the estimated future cash payment or receipts over the expected life of the financial instruments or a shorter
period, where appropriate, to the net carrying amount of the financial asset or liability. Finance income is included in other income in the
Statement of profit and loss.
Dividend
Dividends are recognised in Statement of profit and loss only when the right to receive payment is established.
receivables when there is unconditional right to receive cash, and only passage of time is required, as per contractual terms. Contract liabilities
are recognised when there is billing in excess of revenue and advance received from customers.
3.3 Property, Plant and equipment (PPE)
Recognition and initial measurement
An item of property, plant and equipment that qualifies as an asset is measured on initial recognition at cost net of recoverable taxes, duties,
trade discounts and rebates, if any. Following initial recognition, items of property, plant and equipment are carried at its cost less accumulated
depreciation and accumulated impairment losses.
The cost of Property, Plant and Equipment comprises of its purchase price including any cost directly attributable to bringing the assets to their
working condition for their intended use. The present value of the initial estimated 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.
Expenditure incurred on assets which are not ready for their intended use comprising direct cost and related incidental expenses are disclosed
under Capital Work-in-Progress and advances paid towards the acquisition of property, plant and equipment outstanding at each Balance Sheet
date is classified as capital advances under other non-current assets.
Spare parts are recognised when they meet the definition of property, plant and equipment; otherwise, such items are classified as inventory.
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3.3 Property, Plant and equipment (PPE) (Continued)
Subsequent measurement (depreciation and useful lives)
When significant parts of PPE are required to be replaced at regular intervals, the Company depreciates them separately based on their specific
useful lives. Likewise, when a major replacement is performed, its cost is recognized in the carrying amount of the plant and equipment as a
replacement if the recognition criteria are satisfied. All other repairs and maintenance costs are recognized in the statement of profit and loss as
and when incurred.
Depreciation
Depreciation on property, plant and equipment is provided on the written down value method, computed on the basis of useful life prescribed in
Schedule II of the Companies Act, 2013,on a pro-rata basis i.e. from the month on which the asset is ready for intended use.
Asset category Useful life as per Schedule II (in years)
Buildings 3-60
*Plant and equipment (excluding solar plant) 15
Electrical installations 10
Furniture and fixtures 5-10
Office equipment 5
**Vehicles(excluding prime movers & trolleys- used vehicles) 8
Computers 3-6
Useful life as per Schedule II (in *Estimated useful life by the management based
Assets category
years) on technical evaluation (in years)
*Plant and equipment (solar plant) 15 25
** Vehicles (Prime movers & Trolleys- used vehicles) 8 4
*During the financial year 2018-19 company has installed solar power generating unit in its premises for generating power for in house use. As
per manufacturer’s documents, the unit is expected to generate power for 25 to 30 years. Management has reviewed the same and decided to
depreciate the asset over a period of 25 years.
**Also during the financial year 2018-19 company procured used vehicles for its day to day operations whose lives as per schedule II had already
expired at the time of purchase. Management has estimated the extended useful life and accordingly decided to depreciate the assets in 4 years.
The residual values, useful lives and method of depreciation are reviewed at the end of each financial year and adjusted prospectively, if
appropriate.
De-recognition
An item of property, plant and equipment and any significant part initially recognized is derecognized upon disposal or when no future economic
benefits are expected from its use or disposal. Any gain or loss arising on de-recognition of the asset (calculated as the difference between the
net disposal proceeds and the carrying amount of the asset) is recognized in statement of profit & loss when the asset is derecognised.
3.4 Intangible assets
Intangible assets are stated at their cost of acquisition less accumulated amortisation and impairment. Any trade discount and rebates are
deducted in arriving at the purchase price.
Subsequent measurement (amortisation and useful lives)
The useful lives of intangible assets are assessed to be finite. Intangible assets are amortised over their useful life using the written down value
method as per the useful lives of the assets estimated by the management after retaining the residual value of 5%, or the useful life of computers
equipment’s prescribed in Schedule II to the Companies Act, 2013 are considered as the maximum life.
Asset category Estimated useful life (in years)
Computer software 3-6

Agent relationship ( refer note 5) As per lease term
appropriate.
Amortisation of the assets commences when the assets are ready for their intended use and ceases when the net book value of the asset is zero
or the asset is no longer in use.
Gains or losses arising from derecognizing of an intangible asset are measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognised in the statement of profit and loss at the moment that the asset is derecognised.
De-recognition
An item of intangible asset initially recognised is derecognised upon disposal or when no future economic benefits are expected from its use .
Gains or losses arising from derecognising of an intangible asset are measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognised in the statement of profit and loss at the moment that asset is derecognised.
3.5 Impairment of non-financial assets
Property, plant and equipment and intangible assets with finite life are evaluated for recoverability whenever there is any indication that their
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carrying amounts may not be recoverable. If any such indication exists, the recoverable amount (i.e. higher of the fair value less cost to sell and
the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those
from other assets. In such cases, the recoverable amount is determined for the cash generating unit (CGU) to which the asset belongs.
If such assets are considered to be impaired, the impairment to be recognized in the statement of profit and loss is measured by the amount by
which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in the statement
of profit and loss if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is
increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined
(net of any accumulated amortization or depreciation) had no impairment loss been recognized for the asset in prior years.
3.5 Impairment of non-financial assets (Continued)
For assets, an assessment is made at each reporting period end or whenever triggering event occurs as to whether there is any indication that
previously recognised impairment losses may no longer exist or may have decreased. If such indication exists, the Company makes an
estimation of the recoverable amount of the asset. An impairment loss is reversed in the statement of profit and loss if there has been a change
in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable
amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated amortization
or depreciation) had no impairment loss been recognized for the asset in prior years.
estimation of the recoverable amount.
A previously recognised impairment loss is reversed only if there has been a change in the estimations used to determine the asset’s recoverable
amount since the last impairment loss was recognised. If that is the case the carrying amount of the asset is increased to its recoverable amount.
That increased amount cannot exceed the carrying amount that would have been determined, net of depreciation, or had no impairment loss
been recognised for the asset in prior years.
3.6 Inventories
Inventories of stores and spares are accounted on FIFO basis. Cost of inventories comprises all costs of purchase, costs of conversion and other
costs incurred in bringing the inventories to their present location and condition. Inventories are valued at cost or net realisable value whichever
is less
3.7 Government grants
Grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and the
Company will comply with all attached conditions.
Government grants relating to income are deferred and recognised in the statement of profit and loss over the period necessary to match them
with the costs that they are intended to compensate and presented within other income.
Government grants relating to the purchase of property, plant and equipment are included in non-current liabilities as deferred income and are
credited to statement of profit and loss on a systematic basis over the expected lives of related assets and presented within other income .

3.8 Leases
As a lessee: Ind AS 116 requires an entity to assess whether the contract is, or contains, a lease. A contract is, or contains, a lease if the contract
conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company makes an assessment
on a lease-by-lease basis and thereby assesses the applicability of the standard. Where the company elects not to apply the requirements of the
standard to either short-term leases or leases for which the underlying asset is of low value, the lessee shall recognise the lease payments
associated with those leases as an expense on either a straight-line basis over the lease term or another systematic basis. The lessee shall
apply another systematic basis if that basis is more representative of the pattern of the lessee’s benefit. The Company has concluded that no
existing lease contracts are qualified to report under Ind AS 116 being short term in nature .
As a lessor: Lease income from operating leases where the Company is a lessor is recognised in income on a straight-line basis over the lease
term unless the receipts are structured to increase in line with expected general inflation to compensate for the excepted inflationary cost
increases. The respective leased assets are included in the balance sheet based on their nature.
3.9 Financial Instruments
Financial assets
Initial recognition and measurement
The Company recognises financial assets when it becomes a party to the contractual provisions of the instrument. All financial assets are
recognized at fair value on initial recognition. Transaction costs that are directly attributable to the acquisition or issue of financial assets, which
are not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets are
accounted for at trade date.
Classification and subsequent measurement
For purposes of subsequent measurement, the Company classifies its financial assets in the following measurement categories:
those to be measured subsequently at fair value (either through other comprehensive income, or through profit or loss), and
those measured at amortised cost.
The classification depends on the entity’s business model for managing the financial assets and the contractual terms of the cash flows. For
assets measured at fair value, gains and losses will either be recorded in profit or loss or other comprehensive income.
For investments in debt instruments, this will depend on the business model in which the investment is held. For investments in equity
instruments, this will depend on whether the Company has made an irrevocable election at the time of initial recognition to account for the equity
investment at fair value through other comprehensive income.
3.9 Financial Instruments (Continued)
Financial assets (Continued)
Classification and subsequent measurement (Continued)
The Company reclassifies debt investments when and only when its business model for managing those assets changes.
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Debt instruments
Subsequent measurement of debt instruments depends on the Company’s business model for managing the asset and the cash flow
characteristics of the asset. There are three measurement categories into which the Company classifies its debt instruments .
Amortised cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and
interest are measured at amortised cost. A gain or loss on a debt investment that is subsequently measured at amortised cost is recognised in
profit or loss when the asset is derecognised or impaired. Interest income from these financial assets is included in other income using the
effective interest rate method.
Fair value through other comprehensive income (FVOCI): Assets that are held for collection of contractual cash flows and for selling the financial
assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at fair value through other
comprehensive income (FVOCI). Movements in the carrying amount are taken through OCI, except for the recognition of impairment gains or
losses, interest income and foreign exchange gains and losses which are recognised in profit and loss. When the financial asset is derecognised,
the cumulative gain or loss previously recognised in OCI is reclassified from equity to statement of profit and loss. Interest income from these
financial assets is included in other income using the effective interest rate method.
Fair value through profit or loss (FVTPL): Assets that do not meet the criteria for amortised cost or FVOCI are measured at fair value through
profit or loss. A gain or loss on a debt investment subsequently measured at fair value through statement of profit and loss is recognised in the
period in which it arises. Interest income from these financial assets is included in other income.
Derecognition
A financial asset is derecognised only when:
the rights to receive cash flows from the asset have expired, or
the Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows to one
or more recipient.

Derecognition (Continued)
Where the entity has transferred an asset, the Company evaluates whether it has transferred substantially all risks and rewards of ownership of
the financial asset. In such cases, the financial asset is derecognised. Where the entity has not transferred substantially all risks and rewards of
ownership of the financial asset, the financial asset is not derecognized where the entity has neither transferred a financial asset nor retains
substantially all risks and rewards of ownership of the financial asset, the financial asset is derecognised if the Company has not retained control
of the financial asset. Where the Company retains control of the financial asset, the asset is continued to be recognised to the extent of
continuing involvement in the financial asset.
Impairment of Financial Assets:
The Company assesses on a forward-looking basis the expected credit losses associated with its assets carried at amortised cost and FVOCI
debt instruments. The impairment methodology applied depends on whether there has been a significant increase in credit risk.
The impairment methodology for each class of financial assets stated above is as follows:
Debt investments measured at amortised cost and FVOCI: Debt investments at amortised cost and those at FVOCI where there has been a
significant increase in credit risk, lifetime expected credit loss provision method is used and in all other cases, the impairment provision is
determined as 12 months expected credit losses
Trade receivables: The Company applies the simplified approach to providing for expected credit losses prescribed by Ind AS 109, which
requires the use of the lifetime expected loss provision for all trade receivables.
Offsetting Financial instruments
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right to offset the
recognized amounts and there is an intention to settle on a net basis, or realize the asset and settle the liability simultaneously.
Trade Receivables
Trade receivables are amounts due from customers for sale of goods or services performed in the ordinary course of business. Trade
receivables are recognized initially at fair value. They are subsequently measured at amortised cost using the effective interest method, net of
provision for impairment. The carrying value less impairment provision of trade receivables, are assumed to be approximate to their fair values.
Cash and cash equivalents
Cash and cash equivalents in the IND AS balance sheet include cash at bank and in hand and short term deposits with an original maturity of
three months or less, which are subject to insignificant risk of change in value
Financial Liabilities
Classification as debt or equity
Debt and equity instruments issued by the Company are classified as either financial liabilities or as equity in accordance with the substance of
the contractual arrangements and the definition of a financial liability and an equity instrument. An equity instrument is any contract that
evidences a residual interest in the assets of an entity after deducting all of its liabilities.
All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable
transaction costs.
The Company’s financial liabilities include trade and other payables, loans and borrowings including bank overdrafts, financial guarantee
contracts and derivative financial instruments.
Subsequent measurement
The measurement of financial liabilities depends on their classification, as described below:
1) Share Capital : Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options are shown
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in equity as a deduction, net of tax, from the proceeds.

2) Borrowings: Borrowings are subsequently carried at amortised cost; any difference between the proceeds (net of transaction costs) and the
redemption value is recognised in the statement of profit and loss over the period of the borrowings using the effective interest method. Fees paid
on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility
will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or
all of the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the period of the facility to
which it relates.
3) Trade and other payable: These amounts represent obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Trade and other payables are subsequently measured at amortized cost using the effective interest method.

Financial Liabilities (Continued)
Derecognition
A financial liability is derecognised 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 de-recognition of the original liability and the recognition of a new liability. The difference in the
respective carrying amounts is recognised in the statement of profit or loss.
3.10 Income tax
are expected to be recovered or settled. The effect of changes in tax rates on deferred income tax assets and liabilities is recognised as income
or expense in the period that includes the enactment or the substantive enactment date. A deferred income tax asset is recognised to the extent
The Company has adopted the amendments in IND AS 12 Appendix C, Uncertainty over Income Tax Treatments, with effect from 1 st April 2019
by applying prospectively with cumulative effect of initial application of Appendix C by adjusting equity without adjusting comparatives;
accordingly Company has recognised the accumulated unused Minimum Alternative Tax credit entitlement by adjusting the equity. Company and
its management are of the opinion that in future years, Company will generate sufficient taxable income to utilise the MAT credit recognised in

3.11 Employee Benefits
a) Short-term / long term obligations
All employee benefits payable wholly within twelve months of rendering the service including performance incentives and compensated
absences are classified as short term employee benefits. The undiscounted amount of short term employee benefits expected to be paid in
exchange for the services rendered by employees are charged off to the Statement of profit and loss, as applicable. The employee benefits
which are not expected to occur within twelve months are classified as long term benefits.
b) Defined contribution plan
Contributions to defined contribution schemes such as provident fund, Employees State- Insurance and Pension plans and employees’
superannuation plan are charged off to the Statement of profit and loss, as applicable, during the year in which the employee renders the related
service.
Defined benefit plan
Gratuity :
The liability or asset recognized in the balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit
obligation at the end of the reporting period less the fair value of plan assets.
The Company has funded its gratuity liability with Life Insurance Corporation of India (LIC) and with HDFC life Insurance Company Pvt Ltd under
the Group Gratuity Cash Accumulation Scheme.
The defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The present value of the
defined benefit obligation is determined by discounting the estimated future cash outflows using interest rates of government bond and that have
terms to maturity approximating to the terms of the related gratuity.
Re-measurements, comprising of actuarial gains and losses, the effect of the asset ceiling, excluding amounts included in net interest on the net
defined benefit liability and the return on plan assets, are recognised immediately in the balance sheet with a corresponding debit or credit to
retained earnings through Other Comprehensive income (OCI) in the period in which they occur. Re-measurements are not reclassified to profit
or loss in subsequent periods.
Net interest is calculated by applying the discount rate to the net defined benefit liability or asset.
Other Long term employee benefits:
The Company has a policy on compensated absences which are both accumulating and non-accumulating in nature. The expected cost of
accumulating compensated absences is determined by actuarial valuation performed by an independent actuary at each balance sheet date
using projected unit credit method on the additional amount expected to be paid/availed as a result of the unused entitlement that has
75
accumulated at the balance sheet date.

3.11 Employee Benefits (Continued)
Defined benefit plan (Continued)
Other Long term employee benefits: (Continued)
Expense on non-accumulating compensated absences is recognized in the statement of profit and loss in the period in which the absences
occur.
The liability or asset recognized in the balance sheet in respect of compensated absences is the present value of the defined benefit obligation at
the end of the reporting period less the fair value of plan assets.
Company has funded its compensated absences liability with Life Insurance Corporation of India (LIC) and with HDFC life Insurance Company
Pvt Ltd under the Group Leave Encashment Scheme.
Termination benefits
Termination benefits are expensed at the earlier of when the Company can no longer withdraw the offer of those benefits and when the Company
recognises costs for a restructuring. If benefits are not expected to be settled wholly within 12 months of the reporting date, then they are
discounted.
3.12 Provisions and contingent liabilities
Provisions
A provision is recognized if, as a result of a past event, the Company has a present legal or constructive obligation that can be estimated reliably,
and it is probable that an outflow of economic benefits will be required to settle the obligation.
If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks
specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognized as a finance cost.
Contingent liabilities
Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by
the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company. A present obligation that
arises from past events where it is either not probable that an outflow of resources will be required to settle or reliable estimate of the amount
cannot be made, is termed as contingent liability.

3.13 Earnings per share
Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders (after deducting
attributable taxes) by the weighted average number of equity shares outstanding during the period. For the purpose of calculating diluted
earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares
outstanding during the period are adjusted for the effects of all dilutive potential equity shares.
3.14 Cash flow statement
Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions of non-cash nature and
any deferrals or accruals of past or future cash receipts or payments. The cash flows from operating, investing and financing activities of the
Company are segregated based on the available information.
3.15 Events after reporting date
Where events occur after the balance sheet date provide evidence of conditions that existed at the end of the reporting period, the impact of such
events are adjusted in the financial statements. Otherwise, events after the balance sheet date of material size or nature are only disclosed.
3.16 Standards issued but not yet effective and have not been adopted early by the company
Recent Indian Accounting Standards (Ind AS)
Ministry of Corporate Affairs (“MCA”) notifies new standard or amendments to the existing standards under Companies (Indian Accounting
Standards) Rules as issued from time to time. On March 31, 2023, MCA amended the Companies (Indian Accounting Standards) Amendment
Rules, 2023, as below:
Ind AS 1 - presentation of financial statements
This amendment requires the entities to disclose their material accounting policies rather than their significant accounting policies. The effective
date for adoption of this amendment is annual periods beginning on or after April 1, 2023. The Company has evaluated the amendment and the
impact of the amendment is insignificant in the financial statements.
Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors
This amendment has introduced a definition of ‘accounting estimates’ and included amendments to Ind AS 8 to help entities distinguish changes
in accounting policies from changes in accounting estimates. The effective date for adoption of this amendment is annual periods beginning on or
after April 1, 2023. The Company has evaluated the amendment and there is no impact on its financial statements.
Ind AS 12 - Income Taxes
This amendment has narrowed the scope of the initial recognition exemption so that it does not apply to transactions that give rise to equal and
offsetting temporary differences. The effective date for adoption of this amendment is annual periods beginning on or after April 1, 2023. The
Company has evaluated the amendment and there is no impact on its financial statements.
Company information
76
Companies Act, 1956 on 23 September 2003 having CIN : U63030MH2003PTC142331 located at Village-Dhasakoshi, Post-Koproli, Tal-Uran,
These consolidated financial statements comprise the Company and its subsidiary.
The Company and its subsidiary are engaged in business of Container Freight Stations (CFS) / Inland Container Depot (ICD) at various
locations, transportation of cargo by containers on Indian Railways network, road transportation of containers / cargo and operating storage
facilities in India.
The consolidated financial statements of the Company have been prepared in accordance with Indian Accounting Standards (“Ind AS”) notified
under the Companies (Indian Accounting Standards) Rules, 2015 and relevant provisions of the Companies Act, 2013 (“the Act”) and other
relevant provisions of the Act and amendments, as applicable.
The consolidated financial statements were authorised for issue by the Company's Board of Directors on 30 September 2022.
The consolidated financial statements have been prepared under the historical cost basis except for the following items:
The consolidated financial statements are presented in Indian Rupees (INR), which is also the Company’s functional currency. All amounts
disclosed in consolidated financial statements have been reported in million rupees as per requirement of Schedule III, unless otherwise stated.
Preparing the consolidated financial statements under Ind AS requires management to take decisions and make estimates and assumptions that
may impact the value of revenues, costs, assets and liabilities and the related disclosures concerning the items involved as well as contingent
assets and liabilities at the balance sheet date. Estimates and judgements are continually evaluated and are based on historical experience and
other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Property, Plant and Equipment represent a significant proportion of the asset base of the Company. The charge in respect of periodic
depreciation is derived after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The
useful lives and residual values of Company’s assets are determined by the management at the time the asset is acquired and reviewed
periodically, including at each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future
events, which may impact their life, such as changes in technical or commercial obsolescence arising from changes or improvements in
production or from a change in market demand of the product or service output of the asset.
(v) Income taxes
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The Company discloses fair values of financial instruments measured at amortised cost in the consolidated financial statements.
takes place either:
as a whole:

For assets and liabilities that are recognised in the consolidated financial statements on a recurring basis, the Company determines whether
transfers have occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is significant to the
fair value measurement as a whole) at the end of each reporting period. Valuation process and assumption used to measure the fair value of
Assets and Liabilities is disclosed.
The consolidated financial statements have been prepared using the significant accounting policies and measurement basis summarised below.
These were used throughout all periods presented in the consolidated financial statements.
Basis of consolidation
a) Equity accounted investees
The Company's interests in equity accounted investees comprise interests in below joint venture.
A joint venture is an arrangement in which the Company has joint control and has rights to the net assets of the arrangement, rather than rights to
its assets and obligations for its liabilities.
Interests in joint venture accounted for using the equity method. They are initially recognised at cost which includes transaction costs.
Subsequent to initial recognition, the consolidated financial statements include the Company's share of profit or loss and OCI of equity-
accounted investees until the date on which significant influence or joint control ceases
b) Full consolidation
Company consolidates entity which it owns or controls as disclosed in Note no. 8. The financial statements of the Group Companies are
consolidated on a line-by-line basis. The subsidiary is consolidated from the date control commences and intra-group balances and transactions
are eliminated upon consolidation. The consolidated financial statements comprise the financial statements of the company and its subsidiary.
Transactions eliminated on consolidation
Unrealised gains arising from transactions with equity accounted investees are eliminated against the investment to the extent of the Company's
interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but only to the extent that there is no evidence of
impairment.

Basis of consolidation (Continued)
Uniformity of accounting policies
Uniform accounting policies as adopted by the Company for the preparation of consolidated financial statements There are no additional
accounting policies that are applicable to joint venture/line-by-line consolidation which are not disclosed in the accounting policy adopted by the
Company.
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Assets
Liabilities

Handling revenue and storage revenue is recognised at the time of delivery / gate out of container or cargo
Company has measured the revenue in respect of each performance obligation of a contract at its relative standalone selling price. The price that
is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In cases where the Company is unable
to determine the standalone selling price, the Company uses the expected cost plus margin approach in estimating the standalone selling price.
Any consideration payable to the customer is adjusted to the transaction price, unless it is a payment for a distinct product or service from the
customer.
Tax (GST).
customers.

Finance income:
Dividend
receivableswhen there is unconditional right to receive cash, and only passage of time is required, as per contractual terms. Contract liabilities
are recognised when there is billing in excess of revenue and advance received from customers
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The cost of PPE comprises of its purchase price including any cost directly attributable to bringing the assets to their working condition for their
intended use. The present value of the initial estimated 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.
and when incurred.

Depreciation
Buildings 3-60
Office equipment 5
Computers 3-6
Assets category
All additions below Rs. 5,000 are depreciated fully in the year of purchase after retaining the residual value of 5%.
appropriate.
De-recognition

3.5Intangible assets
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appropriate.
De-recognition
An item of intangible asset initially recognised is derecognised upon disposal or when no future economic benefits are expected from its use.
Impairment of non-financial assets (Continued)
3.7 Inventories
is less
credited to statement of profit and loss on a systematic basis over the expected lives of related assets and presented within other income

3.9 Leases
existing lease contracts are qualified to report under Ind AS 116 being short term in nature

Financial assets
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Debt instruments
characteristics of the asset. There are three measurement categories into which the Company classifies its debt instruments
Derecognition
or more recipient.

Equity investment in joint venture
Investment in joint venture is carried at cost less impairment (if any).
Trade Receivables
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Cash and cash equivalents in the consolidated IND AS balance sheet include cash at bank and in hand and short term deposits with an original
maturity of three months or less, which are subject to insignificant risk of change in value
transaction costs.
1)Share Capital: Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options are shown
which it relates.

Derecognition
3.11 Income tax
The Company has adopted the amendments in IND AS 12 Appendix C, Uncertainty over Income Tax Treatments, with effect from 1st April 2019
books. Further such credit can be utilised for a period of 15 years from the year of entitlement as per the prevailing income tax laws

83
service.
Gratuity :
occur.
Pvt Ltd under the Group Leave Encashment Scheme
discounted.
Provisions
events are adjusted in the consolidated financial statements. Otherwise, events after the balance sheet date of material size or nature are only
disclosed.
Ministry of Corporate Affairs ("MCA") notifies new standard or amendments to the existing standards. There is no such notification which would
have been applicable from April 1, 2021. MCA issued notifications dated March 24, 2021 to amend Schedule III to the Companies Act, 2013 to
enhance the disclosures required to be made by the Company in its financial statements. These amendments are applicable to the Company for
the financial year starting April 1, 2021.
Ministry of Corporate Affairs ("MCA") notifies new standard or amendments to the existing standards under Companies (Indian Accounting
84
Rules, 2022, applicable from April 1, 2022, as below:

a). Ind AS 16 Property, Plant and Equipment - For items produced during testing/trail phase, clarification added that revenue generated out of the
same shall not be recognised in SOPL and considered as part of cost of PPE.
b). Ind AS 37 Provisions, Contingent Liabilities & Contingent Assets - Guidance on what constitutes cost of fulfilling contracts (to determine
whether the contract is onerous or not) is included.
c). Ind AS 109 Financial Instruments -The amendment clarifies which fees an entity includes when it applies the '10 per cent' test in assessing
whether to derecognise a financial liability.
The Company does not expect the above amendments to have any significant impact in its financial statements.
Textual information (10): Description of accounting policy for government grants [Text Block]
85
[610200] Notes - Corporate information and statement of IndAs compliance

Textual Textual
Statement of Ind AS compliance [Text Block] Information (12) Information (13)
Whether there is any departure from Ind AS No No
Whether there are reclassifications to comparative amounts No No
Textual Textual
Disclosure of significant accounting policies [Text Block] Information (14) Information (15)
Textual information (12): Statement of Ind AS compliance [Text Block]
We have audited the standalone financial statements of Ameya Logistics Private Limited (the “Company”) which comprise the standalone
balance sheet as at 31 March 202 3 , and the standalone statement of profit and loss (including other comprehensive income), standalone
statement of changes in equity and standalone statement of cash flows for the year then ended, and notes to the standalone financial
statements, including a summary of significant accounting policies and other explanatory information.
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give
the information required by the Companies Act, 2013 (“Act”) in the manner so required and give a true and fair view in conformity with the
accounting principles generally accepted in India, of the state of affairs of the Company as at 31 March 2023, and its profit and other
comprehensive income, changes in equity and its cash flows for the year ended on that date.
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act. Our responsibilities
under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Statements section of our report.
We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together
with the ethical requirements that are relevant to our audit of the standalone financial statements under the provisions of the Act and the Rules
thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that
the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the standalone financial statements
The Company’s Management and Board of Directors are responsible for the other information. The other information comprises the information
included in the Company’s directors' report, but does not include the standalone financial statements and our auditor’s report thereon.
Our opinion on the standalone financial statements does not cover the other information and we do not express any form of assurance
conclusion thereon.
In connection with our audit of the standalone financial statements, our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent with the standalone financial statements or our knowledge obtained in the audit or
otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this
other information, we are required to report that fact. We have nothing to report in this regard.
The Company’s Management and Board of Directors are responsible for the matters stated in Section 134(5) of the Act with respect to the
preparation of these standalone financial statements that give a true and fair view of the state of affairs, profit/ loss and other comprehensive
income, changes in equity and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the
Indian Accounting Standards (Ind AS) specified under Section 133 of the Act. This responsibility also includes maintenance of adequate
accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting
frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable
and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the
accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial statements that
give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the standalone financial statements, the Management and Board of Directors are responsible for assessing the Company’s ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless
the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors is also responsible for overseeing the Company’s financial reporting process.
1. As required by the Companies (Auditor’s Report) Order, 2020 (“the Order”) issued by the Central Government of India in terms of Section
143(11) of the Act, we give in the “Annexure A” a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.
2 A. As required by Section 143(3) of the Act, we report that:
We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit.
In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those
books.
The standalone balance sheet, the standalone statement of profit and loss (including other comprehensive income), the standalone statement of
changes in equity and the standalone statement of cash flows dealt with by this Report are in agreement with the books of account.
In our opinion, the aforesaid standalone financial statements comply with the Ind AS specified under Section 133 of the Act.
On the basis of the written representations received from the directors as on 31 March 2023 taken on record by the Board of Directors, none of
the directors is disqualified as on 31 March 2023 from being appointed as a director in terms of Section 164(2) of the Act.
With respect to the adequacy of the internal financial controls with reference to financial statements of the Company and the operating
effectiveness of such controls, refer to our separate Report in “Annexure B”.
With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules,
2014, in our opinion and to the best of our information and according to the explanations given to us:
86
The Company has disclosed the impact of pending litigations as at 31 March 202 3 on its financial position in its standalone financial statements -
Refer Note 37 to the standalone financial statements.
The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.
d (i) The management has represented that, to the best of it’s knowledge and belief, as disclosed in the Note 42 to the standalone financial
statements, no funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of
funds) by the Company to or in any other persons or entities, including foreign entities (“Intermediaries”), with the understanding, whether
recorded in writing or otherwise, that the Intermediary shall:
directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (“Ultimate
Beneficiaries”) or
provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
The management has represented that, to the best of it’s knowledge and belief, as disclosed in the Note 47 to the standalone financial
statements, no funds have been received by the Company from any persons or entities, including foreign entities (“Funding Parties”), with the
understanding, whether recorded in writing or otherwise, that the Company shall:
directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Parties
(“Ultimate Beneficiaries”) or
Based on the audit procedures performed that have been considered reasonable and appropriate in the circumstances, nothing has come to our
notice that has caused us to believe that the representations under sub-clause (i) and (ii) above contain any material misstatement.
e. The interim dividend declared and paid by the Company during the year and until the date of this audit report is in accordance with Section 123
of the Act.
With respect to the matter to be included in the Auditor’s Report under Section 197(16) of the Act:
In our opinion and according to the information and explanations given to us, the Company is not a public company. Accordingly, the provisions
of Section 197 of the Act are not applicable to the Company.
For B S R & Associates LLP
Chartered Accountants
Firm’s Registration No.:116231W/W-100024
Partner
Place: Mumbai Membership No.:
Date: 25 September 202 3 ICAI UDIN:
Textual information (13): Statement of Ind AS compliance [Text Block]
We have audited the standalone financial statements of Ameya Logistics Private Limited (the “Company”) which comprise the standalone
balance sheet as at 31 March 2022, and the standalone statement of profit and loss (including other comprehensive income), standalone
statement of changes in equity and standalone statement of cash flows for the year then ended, and notes to the standalone financial
statements, including a summary of significant accounting policies and other explanatory information.
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give
the information required by the Companies Act, 2013 (“Act”) in the manner so required and give a true and fair view in conformity with the
accounting principles generally accepted in India, of the state of affairs of the Company as at 31 March 2022, and its profit and other
comprehensive income, changes in equity and its cash flows for the year ended on that date.
under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Statements section of our report.
We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together
with the ethical requirements that are relevant to our audit of the standalone financial statements under the provisions of the Act and the Rules
thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that
the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the standalone financial statements
included in the Company’s directors' report, but does not include the standalone financial statements and our auditor’s report thereon.
Our opinion on the standalone financial statements does not cover the other information and we do not express any form of assurance
conclusion thereon.
In connection with our audit of the standalone financial statements, our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent with the standalone financial statements or our knowledge obtained in the audit or
otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this
other information, we are required to report that fact. We have nothing to report in this regard.
preparation of these standalone financial statements that give a true and fair view of the state of affairs, profit/ loss and other comprehensive
income, changes in equity and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the
Indian Accounting Standards (Ind AS) specified under Section 133 of the Act. This responsibility also includes maintenance of adequate
accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting
frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable
and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the
accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial statements that
give a true and fair view and are free from material misstatement, whether due to fraud or error.
87
In preparing the standalone financial statements, the Management and Board of Directors are responsible for assessing the Company’s ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless
the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
books.
The standalone balance sheet, the standalone statement of profit and loss (including other comprehensive income), the standalone statement of
changes in equity and the standalone statement of cash flows dealt with by this Report are in agreement with the books of account.
In our opinion, the aforesaid standalone financial statements comply with the Ind AS specified under Section 133 of the Act.
The Company has disclosed the impact of pending litigations as at 31 March 2022 on its financial position in its standalone financial statements -
Refer Note 37 to the standalone financial statements.
d (i) The management has represented that, to the best of it’s knowledge and belief, as disclosed in the Note 42 to the standalone financial
funds) by the Company to or in any other persons or entities, including foreign entities (“Intermediaries”), with the understanding, whether
recorded in writing or otherwise, that the Intermediary shall:
directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (“Ultimate
Beneficiaries”) or
The management has represented that, to the best of it’s knowledge and belief, as disclosed in the Note 47 to the standalone financial
statements, no funds have been received by the Company from any persons or entities, including foreign entities (“Funding Parties”), with the
understanding, whether recorded in writing or otherwise, that the Company shall:
directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Parties
(“Ultimate Beneficiaries”) or
notice that has caused us to believe that the representations under sub-clause (i) and (ii) above contain any material misstatement.
e. The interim dividend declared and paid by the Company during the year and until the date of this audit report is in accordance with Section 123
of the Act.
of Section 197 of the Act are not applicable to the Company.
Dinesh Jangid
Partner
Place: MumbaiMembership No.: 111818
Date: 30 September 2022ICAI UDIN:22111818AXSBFR1080
Company information
Companies Act, 1956 on 23 rd September 2003 having CIN : U63030MH2003PTC142331 located at Village-Dhasakoshi, Post-Koproli, Tal-Uran,
The Company has engaged in business of Container Freight Stations (CFS) / Inland Container Depot (ICD) at various locations, transportation of
cargo by containers on Indian Railways network, road transportation of containers / cargo and operating storage facilities in India.
The accompanying financial statements have been prepared in accordance with the accounting principles generally accepted in India, including
the Indian Accounting Standards (Ind AS) as per the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting
Standards) (Amendment) Rules, 2016 notified under section 133 of the Companies Act, 20 I 3, (the 'Act') and other relevant provisions of the Act.
The financial statements were authorised for issue by the Company’s Board of Directors on 25 th September 2023.
88
The financial statements have been prepared under the historical cost basis except for the following items:
The financial statements are presented in Indian Rupees (INR), which is also the Company’s functional currency. All amounts disclosed in
financial statements have been reported in million rupees as per requirement of Schedule III, unless otherwise stated.
The preparation of the financial statements under Ind AS requires management to take decisions and make estimates and assumptions that may
impact the value of revenues, costs, assets and liabilities and the related disclosures concerning the items involved as well as contingent assets
and liabilities at the balance sheet date. Estimates and judgements are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the circumstances.

(d ) Use of estimates and judgements (Continued)
The Company estimates the useful lives of property, plant and equipment to be from 3 to 60 years. The useful life is based on the period over
which the assets are expected to be available for use. The Company estimates the residual value of these property, plant and equipment to be at
5 percent at the end of its useful life. The estimation of the useful lives and residual value of property, plant and equipment is based on collective
assessment of industry practice, internal technical evaluation and on the historical experience with similar assets. It is possible, however, that
future results from operations could be materially affected by changes in estimates brought about by changes in factors mentioned above. The
amounts and timing of recorded expenses for any period would be affected by changes in these factors and circumstances. The estimated useful
lives and residual value are reviewed annually and are updated if expectations differ from previous estimates due to physical wear and tear,
technical or commercial obsolescence and legal or other limits on the use of the assets.

(v) Income taxes
89

The Company discloses fair values of financial instruments measured at amortised cost in the financial statements.
takes place either:
as a whole:

For assets and liabilities that are recognised in the financial statements on a recurring basis, the Company determines whether transfers have
occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is significant to the fair value
measurement as a whole) at the end of each reporting period. Valuation process and assumption used to measure the fair value of Assets and
Liabilities is disclosed.
The financial statements have been prepared using the significant accounting policies and measurement basis summarised below. These were
used throughout all periods presented in the financial statements.
Assets
Liabilities

Handling revenue and storage revenue is recognised at the time of delivery / gate out of container or cargo.
90
Company has measured the revenue in respect of each performance obligation of a contract at its relative selling price. The price that is regularly
charged for an item when sold separately is the best evidence of its selling price. In cases where the Company is unable to determine the selling
price, the Company uses the expected cost plus margin approach in estimating the selling price. Any consideration payable to the customer is
adjusted to the transaction price, unless it is a payment for a distinct product or service from the customer.
Tax (GST).

customers.
Finance income:
Dividend
receivables when there is unconditional right to receive cash, and only passage of time is required, as per contractual terms. Contract liabilities
are recognised when there is billing in excess of revenue and advance received from customers.
The cost of Property, Plant and Equipment comprises of its purchase price including any cost directly attributable to bringing the assets to their
working condition for their intended use. The present value of the initial estimated 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.

and when incurred.
Depreciation
Buildings 3-60
Office equipment 5
Computers 3-6
91
Assets category
appropriate.
De-recognition
3.4 Intangible assets

appropriate.
De-recognition
An item of intangible asset initially recognised is derecognised upon disposal or when no future economic benefits are expected from its use .
3.5 Impairment of non-financial assets (Continued)
3.6 Inventories
92
is less
credited to statement of profit and loss on a systematic basis over the expected lives of related assets and presented within other income .

3.8 Leases
existing lease contracts are qualified to report under Ind AS 116 being short term in nature .
Financial assets
Debt instruments
characteristics of the asset. There are three measurement categories into which the Company classifies its debt instruments .
Derecognition
or more recipient.

93
Trade Receivables
Cash and cash equivalents in the IND AS balance sheet include cash at bank and in hand and short term deposits with an original maturity of
three months or less, which are subject to insignificant risk of change in value
transaction costs.
1) Share Capital : Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options are shown
which it relates.

Derecognition
3.10 Income tax
94
The Company has adopted the amendments in IND AS 12 Appendix C, Uncertainty over Income Tax Treatments, with effect from 1 st April 2019

service.
Gratuity :
occur.
Pvt Ltd under the Group Leave Encashment Scheme.
discounted.
Provisions
95

events are adjusted in the financial statements. Otherwise, events after the balance sheet date of material size or nature are only disclosed.
Recent Indian Accounting Standards (Ind AS)
Ministry of Corporate Affairs (“MCA”) notifies new standard or amendments to the existing standards under Companies (Indian Accounting
Rules, 2023, as below:
Ind AS 1 - presentation of financial statements
This amendment requires the entities to disclose their material accounting policies rather than their significant accounting policies. The effective
date for adoption of this amendment is annual periods beginning on or after April 1, 2023. The Company has evaluated the amendment and the
impact of the amendment is insignificant in the financial statements.
Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors
This amendment has introduced a definition of ‘accounting estimates’ and included amendments to Ind AS 8 to help entities distinguish changes
in accounting policies from changes in accounting estimates. The effective date for adoption of this amendment is annual periods beginning on or
after April 1, 2023. The Company has evaluated the amendment and there is no impact on its financial statements.
Ind AS 12 - Income Taxes
This amendment has narrowed the scope of the initial recognition exemption so that it does not apply to transactions that give rise to equal and
offsetting temporary differences. The effective date for adoption of this amendment is annual periods beginning on or after April 1, 2023. The
Company has evaluated the amendment and there is no impact on its financial statements.
Company information
Companies Act, 1956 on 23 September 2003 having CIN : U63030MH2003PTC142331 located at Village-Dhasakoshi, Post-Koproli, Tal-Uran,
These consolidated financial statements comprise the Company and its subsidiary.
The Company and its subsidiary are engaged in business of Container Freight Stations (CFS) / Inland Container Depot (ICD) at various
locations, transportation of cargo by containers on Indian Railways network, road transportation of containers / cargo and operating storage
facilities in India.
The consolidated financial statements of the Company have been prepared in accordance with Indian Accounting Standards (“Ind AS”) notified
under the Companies (Indian Accounting Standards) Rules, 2015 and relevant provisions of the Companies Act, 2013 (“the Act”) and other
relevant provisions of the Act and amendments, as applicable.
The consolidated financial statements were authorised for issue by the Company's Board of Directors on 30 September 2022.
The consolidated financial statements have been prepared under the historical cost basis except for the following items:
The consolidated financial statements are presented in Indian Rupees (INR), which is also the Company’s functional currency. All amounts
disclosed in consolidated financial statements have been reported in million rupees as per requirement of Schedule III, unless otherwise stated.
Preparing the consolidated financial statements under Ind AS requires management to take decisions and make estimates and assumptions that
may impact the value of revenues, costs, assets and liabilities and the related disclosures concerning the items involved as well as contingent
assets and liabilities at the balance sheet date. Estimates and judgements are continually evaluated and are based on historical experience and
other factors, including expectations of future events that are believed to be reasonable under the circumstances.
96
Property, Plant and Equipment represent a significant proportion of the asset base of the Company. The charge in respect of periodic
depreciation is derived after determining an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The
useful lives and residual values of Company’s assets are determined by the management at the time the asset is acquired and reviewed
periodically, including at each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future
events, which may impact their life, such as changes in technical or commercial obsolescence arising from changes or improvements in
production or from a change in market demand of the product or service output of the asset.
(v) Income taxes

The Company discloses fair values of financial instruments measured at amortised cost in the consolidated financial statements.
takes place either:
97
as a whole:

For assets and liabilities that are recognised in the consolidated financial statements on a recurring basis, the Company determines whether
transfers have occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is significant to the
fair value measurement as a whole) at the end of each reporting period. Valuation process and assumption used to measure the fair value of
Assets and Liabilities is disclosed.
The consolidated financial statements have been prepared using the significant accounting policies and measurement basis summarised below.
These were used throughout all periods presented in the consolidated financial statements.
Basis of consolidation
a) Equity accounted investees
The Company's interests in equity accounted investees comprise interests in below joint venture.
A joint venture is an arrangement in which the Company has joint control and has rights to the net assets of the arrangement, rather than rights to
its assets and obligations for its liabilities.
Interests in joint venture accounted for using the equity method. They are initially recognised at cost which includes transaction costs.
Subsequent to initial recognition, the consolidated financial statements include the Company's share of profit or loss and OCI of equity-
accounted investees until the date on which significant influence or joint control ceases
b) Full consolidation
Company consolidates entity which it owns or controls as disclosed in Note no. 8. The financial statements of the Group Companies are
consolidated on a line-by-line basis. The subsidiary is consolidated from the date control commences and intra-group balances and transactions
are eliminated upon consolidation. The consolidated financial statements comprise the financial statements of the company and its subsidiary.
Transactions eliminated on consolidation
Unrealised gains arising from transactions with equity accounted investees are eliminated against the investment to the extent of the Company's
interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but only to the extent that there is no evidence of
impairment.

Basis of consolidation (Continued)
Uniformity of accounting policies
Uniform accounting policies as adopted by the Company for the preparation of consolidated financial statements There are no additional
accounting policies that are applicable to joint venture/line-by-line consolidation which are not disclosed in the accounting policy adopted by the
Company.
Assets
Liabilities

98

Handling revenue and storage revenue is recognised at the time of delivery / gate out of container or cargo
Company has measured the revenue in respect of each performance obligation of a contract at its relative standalone selling price. The price that
is regularly charged for an item when sold separately is the best evidence of its standalone selling price. In cases where the Company is unable
to determine the standalone selling price, the Company uses the expected cost plus margin approach in estimating the standalone selling price.
Any consideration payable to the customer is adjusted to the transaction price, unless it is a payment for a distinct product or service from the
customer.
Tax (GST).
customers.

Finance income:
Dividend
receivableswhen there is unconditional right to receive cash, and only passage of time is required, as per contractual terms. Contract liabilities
are recognised when there is billing in excess of revenue and advance received from customers
The cost of PPE comprises of its purchase price including any cost directly attributable to bringing the assets to their working condition for their
intended use. The present value of the initial estimated 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.
and when incurred.

Depreciation
99
Buildings 3-60
Office equipment 5
Computers 3-6
Assets category
All additions below Rs. 5,000 are depreciated fully in the year of purchase after retaining the residual value of 5%.
appropriate.
De-recognition

3.5Intangible assets

appropriate.
De-recognition
An item of intangible asset initially recognised is derecognised upon disposal or when no future economic benefits are expected from its use.
Impairment of non-financial assets (Continued)
100
3.7 Inventories
is less
credited to statement of profit and loss on a systematic basis over the expected lives of related assets and presented within other income

3.9 Leases
existing lease contracts are qualified to report under Ind AS 116 being short term in nature

Financial assets
Debt instruments
characteristics of the asset. There are three measurement categories into which the Company classifies its debt instruments
101
Derecognition
or more recipient.

Equity investment in joint venture
Investment in joint venture is carried at cost less impairment (if any).
Trade Receivables
Cash and cash equivalents in the consolidated IND AS balance sheet include cash at bank and in hand and short term deposits with an original
maturity of three months or less, which are subject to insignificant risk of change in value
transaction costs.
1)Share Capital: Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options are shown
which it relates.
102

Derecognition
3.11 Income tax
The Company has adopted the amendments in IND AS 12 Appendix C, Uncertainty over Income Tax Treatments, with effect from 1st April 2019
books. Further such credit can be utilised for a period of 15 years from the year of entitlement as per the prevailing income tax laws

service.
Gratuity :
103
occur.
Pvt Ltd under the Group Leave Encashment Scheme
discounted.
Provisions
events are adjusted in the consolidated financial statements. Otherwise, events after the balance sheet date of material size or nature are only
disclosed.
Ministry of Corporate Affairs ("MCA") notifies new standard or amendments to the existing standards. There is no such notification which would
have been applicable from April 1, 2021. MCA issued notifications dated March 24, 2021 to amend Schedule III to the Companies Act, 2013 to
enhance the disclosures required to be made by the Company in its financial statements. These amendments are applicable to the Company for
the financial year starting April 1, 2021.
Ministry of Corporate Affairs ("MCA") notifies new standard or amendments to the existing standards under Companies (Indian Accounting
Rules, 2022, applicable from April 1, 2022, as below:
a). Ind AS 16 Property, Plant and Equipment - For items produced during testing/trail phase, clarification added that revenue generated out of the
same shall not be recognised in SOPL and considered as part of cost of PPE.
b). Ind AS 37 Provisions, Contingent Liabilities & Contingent Assets - Guidance on what constitutes cost of fulfilling contracts (to determine
whether the contract is onerous or not) is included.
c). Ind AS 109 Financial Instruments -The amendment clarifies which fees an entity includes when it applies the '10 per cent' test in assessing
whether to derecognise a financial liability.
The Company does not expect the above amendments to have any significant impact in its financial statements.
104
[610300] Notes - Accounting policies, changes in accounting estimates and errors

Whether initial application of an Ind AS has an effect on the current period or any prior period No No
Whether there is any voluntary change in accounting policy No No
Whether there are changes in acounting estimates during the year No No
105
[610500] Notes - Events after reporting period

Whether there are non adjusting events after reporting period No No
106
[610700] Notes - Business combinations

Textual
Disclosure of business combinations [Text Block] Information (16)
Whether there is any business combination No Yes
Textual
Disclosure of detailed information about business combinations [Text Block] Information (17)
Whether there is any goodwill arising out of business combination No Yes
Whether there are any acquired receivables from business combination No Yes
Whether there are any contingent liabilities in business combination No No
Disclosure of detailed information about business combination [Table]

Business combinations [Axis] 1
Period FY 2022
Disclosure of detailed information about business combination [Abstract]
Disclosure of detailed information about business combination [Line items]
Honeycomb
Logistics Private
Name of acquiree Limited
Date of acquisition 10/11/2021
Percentage of voting equity interests acquired 99.9%
increasing the
shares in
subsidiary to
Description of primary reasons for business combination 100%
through acquision
Description of how acquirer obtained control of acquiree of shares
Acquisition-date fair value of total consideration transferred [Abstract]
Total consideration transferred, acquisition-date fair value 0
Amounts recognised as of acquisition date for each major class of assets acquired and liabilities assumed [Abstract]
Net identifiable assets acquired (liabilities assumed) 0
Disclosure of reconciliation of changes in goodwill [Table]

Gross carrying
Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [Axis] amount [Member]
Period FY 2022
Honeycomb
Logistics Private
Name of acquiree Limited
Reconciliation of changes in goodwill [Abstract]
Additional recognition, goodwill 670,676,806.00
Total increase (decrease) in goodwill 670,676,806.00
Goodwill at end of period 670,676,806.00
Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [Table]
Transactions recognised separately from acquisition of assets and assumption of liabilities in business combination
[Axis] na
Period FY 2022
Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in
business combination [Abstract]
Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in
business combination [Line items]
HONEYCOMB
Honeycomb LOGISTICS
Logistics Private PRIVATE
Name of acquiree Limited LIMITED
Disclosure of acquired receivables [Table]
107

Classes of acquired receivables [Axis] Other acquired receivables [Member] Other acquired receivables 1 [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Disclosure of acquired receivables [Abstract]
Disclosure of acquired receivables [Line items]
HONEYCOMB HONEYCOMB
LOGISTICS LOGISTICS
PRIVATE PRIVATE
Name of acquiree LIMITED LIMITED
Fair value of acquired receivables 0 2,162,727,194.00 0 2,162,727,194.00
Textual information (16): Disclosure of business combinations [Text Block]
7 Acquisition of subsidiary

Honeycomb Logistics Pvt. Ltd. As a result. the Company's equity interest in
Honeycomb Logistics Pvt. Ltd. increased from 73% to 100%, granting it control of
Honeycomb Logistics Pvt. Ltd.
Included in the identifiable assets and liabilities acquired at the date of acquisition
of Honeycomb Logistics Pvt. Ltd. are inputs (a administrative office, leased land
alongwith developed yard, various handling equipment and customer
relationships), service processes and an organised workforce.The Company has
determined that together the acquired inputs and processes significantly
contribute to the ability to create revenue. The Company has concluded that the
acquired set is a business .
Taking control of Honeycomb Logistics Pvt. Ltd will enable the Company to
centralise its processes to improve the efficiency at group level. The acquisition is
also expected to provide the Company with an increased share of the Container
Freight Station market at Mundra region through Honeycomb Logistics Pvt. Ltd.'s
customer base. The Company also expects to reduce costs and effective tax
management.
generated revenue of INR 500.21 million and profit of INR 173.70 million out of
which Company's share of profit recorded at INR 126.80 million.
Cash
No. of 30-No
shares v-21
1,00,3
Carrying amount of interest in join venture as on acquisition date 12994086 8,79,2
69.14
76,50,
Consideration paid for 27% of shares (@ INR 159.18) 4805914 05,390
.52
76,50,0
Total consideration transferred 5,390.5
2

'other expenses'.
108
Fair
Net
value
block as
on
on 30
30 No
Nov
v
2021
2021
13,31, 18,30,3
Property, plant and equipment 55,202 9,994.2
.84 8
29,50,0 29,50,0
Capital work-in-progress
00.00 00.00
1,72,00,
5,14,13
Intangible assets 00,000.
3.74
51
7,32,46, 9,44,73,
Right-of-use assets
141.00 038.81
43,61,3 43,61,3
Other non-current assets 9,166.4 9,166.4
8 8
22,55,5 22,55,5
Current assets 9,564.5 9,564.5
3 3
15,12,3 15,12,3
Cash and cash equivalents 5,153.1 5,153.1
7 7
(8,04,5
(8,04,58
Current liabilities 8,279.4
,279.41)
1)
(4,86,3
(4,86,39
Other non-current liabilities 9,716.9
,716.91)
1)
(52,15,7
Deffered Tax liability on acquisition 1,727.6
2)
89,37, 2,16,27,
Total identifiable net assets acquired 01,365 27,193.
.44 84
30-Nov-
Calculation of Goodwill
21
Fair
Value
No of value
of
shares per
Entiry
share
109
2,83,34,
Fair value of the entity as on acquisition date 17800000 159.18 04,000.
00
67,06,76,80
Goodwill ( includes value of assembled work force)
6.16
Measurement of fair values
The valuation techniques used for measuring the fair value of material assets
acquired were as follows.
Asset a
Income approach
pproach
Estimates
value based
on
the fair
Estimates value based on
value of the
the present value of future
business’
earnings of cash
assets less
the fair
value of its
liabilities
Income approach
Discounted cash flows (DCF)
Under a DCF approach, forecast cash flows are discounted back to the present
date, generating a net present value for the cash flow stream of the business. A
terminal value at the end of the explicit Forecast Period is then determined and
that value is also discounted back to the valuation date to give an overall value for
the business.
A Discounted cash flow methodology typically requires the Forecast Period to be

of such a length to enable the business to achieve a stabilized level of earnings,
or to be reflective of an entire operation cycle for more cyclical industries.
The rate at which the future cash flows are discounted (“the discount rate”) should
reflect not only the time value of money, but also the risk associated with the
business’ future operations. The discount rate most generally employed is
Weighted Average Cost of Capital (“WACC”) or Cost of Equity (Ke), reflecting an
optimal as opposed to actual financing structure. The same is explained in detail
in next page.
In calculating the terminal value, regard must be given to the business’ potential
for further growth beyond the explicit Forecast Period. The “constant growth
model”, which applies an expected constant level of growth to the cash flow
forecast in the last year of the Forecast Period and assumes such growth is
achieved in perpetuity, is a common method. These results would be
cross-checked, however, for reasonability to implied exit multiples.
The rate at which future cash flows are discounted should reflect not only the time
value of the cash flows but also the risk associated with the business’ future
operations. This means that in order for a DCF to produce a sensible valuation
figure, the importance of the quality of the underlying cash flow forecasts is
fundamental
110
fundamental
The variants of DCF is used in valuation of various Intangible Assets as elucidated

below.
Multi
period
excess
earning
method
(“MEEM”)
Multi-Period Excess Earnings Method is a valuation technique in which a stream

of revenues and expenses are identified for a particular group of assets, and then
the prospective earnings of a single subject asset are isolated from those of the
group of assets by identifying and deducting portions of the projected economic
benefits that are attributable to the contributory assets to estimate the remaining
or excess earnings attributable to the subject asset. MEEM is usually adopted for
valuation of the primary/ most important intangible assets in the business.
In order to perform MEEM analysis, we first isolate the projected revenue stream
associated with the subject intangible asset. Typically, the projected attributed
revenue streams are then adjusted by a retention or economic depreciation rate,
which reflects the expected rate of decay or loss in the subject intangible asset.
After applying a retention or economic depreciation rate to the projected revenue

stream generated by the subject intangible asset, expenses required to support
the revenue-generating activity are subtracted from projected revenue.
Additionally, contributory asset charges associated with other assets that support
the production of income are subtracted from the projected earnings stream to
derive cash flow. We deduct from EBITA the required returns, or contributory
asset charges, associated with other assets employed in the company’s
operations from a stream of projected economic benefits, resulting in the excess
return associated with the subject intangible asset.
Each year economic benefits are then discounted to the transaction date at a rate
of return commensurate with the risks and rewards involved in realizing the
economic income.
Considering the nature of the industry and discussions with the Management,
Agent Relation is regarded as the primary intangible asset. Accordingly, MEEM
Method has been adopted for valuation of Agent relation.
Contributory Asset Charge
While applying Multi Period Excess earning method, Contributory Asset Charge
are required to be deducted to arrive at value of the subject asset being measured
using this method.
A contributory asset can be tangible or intangible in nature. The distinguishing

characteristic of a contributory asset is that it is not the subject income-generating
asset itself; rather it is an asset that supports the subject income-generating
asset.
111
Fundamentally, each operating asset employed in a business must generate a fair

market participant return. We measure this return as a contributory asset charge.
These contributory capital charges are analogous to lease or rental rates that
would allow a hypothetical investor in a
company’s individual assets to be fairly compensated for their use in generating
an income stream, but only to the extentthe contributory asset is employed in the
income stream. By identifying both the contributory assets necessary for
anincome stream and the fair economic return associated with the contributory
assets, we are able to segregate an income stream between the return generated
by the contributory assets and the return generated by the subject intangible
asset. The valuation of an intangible asset must reflect those assets that a market
participant would treat as contributory assets, regardless of whether a company
has acquired them in a transaction, already owns them, or would need to
purchase or lease them.
We have calculated contributory asset charges, as appropriate, for Net working

capital, Fixed assets and Assembled
Workforce on a levelized basis.
Asset approach
Net Asset value
Under the net asset value approach, total value is based on the sum of net asset
value as recorded on the balance sheet and as appraised for real property assets.
A net asset methodology is most applicable for businesses where the value lies in
the underlying assets and not the ongoing operations of the business.
HLPL Business is expected to make profits and valuation of the Assets and
Liabilities is carried out on a ‘going concern’ premise. Historical cost/ net asset
value of an asset/ business may not be reflective of their replacement costs/
earning potential.
Considering the, nature of assets and discussions with the Management about
their realisability, assets and liabilities other than Intangible Assets, Fixed Assets
and Right of Use Assets are valued on the basis of Net asset value method.
Replacement cost
112
The Replacement Cost Method is employed to measure the current replacement

cost of an asset. In an effort to estimate this cost, we analyze the various costs
that a company would expect to incur in order to recreate an asset of equivalent
utility.
Additionally, to the extent historical costs are employed, the measure of cost must
be adjusted for inflation and any technical, functional, or economic obsolescence
of the intangible assets and intellectual property.
liabilities is carried out on a ‘going concern’ premise. Historical cost/ net asset
earning potential.
Considering the, nature of assets and discussions with the Management,

assembled workforce is valued on the basis of replacement cost method.
Weighted Average Cost of Capital (WACC)
WACC is an overall rate of return derived based upon the individual rates of return
for invested capital (equity and interest-bearing debt). In calculating our WACC
analysis, we estimated the following components:
(a). the cost of equity
(b). the cost of debt
(c). an appropriate capital structure
(a). The cost of equity (Ke) is derived by using the Capital Asset PricingModel
(“CAPM”) as follows:
Rf + ß * (Rm
Ke =
– Rf) + a
the current
return on
Where: Rf =
risk-free
assets
the
expected
Rm = average
return of the
market
the average
risk
premium
above the
risk-free rate
(Rm – Rf) =
that a
“market”
portfolio of
assets is
earning
113
the beta
factor, being
the measure
of the
ß= systematic
risk for this
type of
equity
investment
company
specific risk
a=
factor
(alpha)
To estimate the Beta, we selected the Guideline companies which are in similar
line of service as Honeycomb Logistics Pvt. Ltd.
The cost of debt is the rate that a prudent investor would require to lend money to
the Company on an after-tax basis.
To estimate an appropriate capital structure for the Company in terms of the

specific weighing between equity and debt capital, we considered industry specific
capital structure data.
To estimate associated cost of capital of Intangible assets, appropriate Risk

premium has been considered.
Identification of Intangible Assets
Intangible assets are all the elements of a business enterprise that exist in
addition to working capital and tangible assets. They are the elements beyond
working capital and tangible assets that make the business work and are often the
primary contributors to the earning power of the enterprise.
The valuation of intangible assets is important both from an accounting and

commercial perspective.
An intangible asset is defined as “an identifiable non-monetary asset without

physical substance”.
As per Ind AS 38 – An Intangible Asset is recognizable only if it:
Is separable, i.e. capable of being separated or divided from the entity and sold,
transferred, licensed, rented or
exchanged, either individually or together with a related contract, asset or liability;
or
Arises from contractual or other legal rights, regardless of whether those rights are
transferable or separable from the entity or from other rights and obligations.
We have identified probable intangible assets for Honeycomb Logistics Pvt. Ltd.
and tested the same for criteria as per Ind AS 38, as shown below:
Intang
Probabl ible
Capab
e Asset
le of Fair
Arises from source to be
being value is
contractual Control of recog
Probable Intangible Assets separa reliably
or other Criterion future nized
ted measur
rights econom separ
from able
ic ately
entity
benefit (Yes /
No)
Agent relationship Yes Yes Yes Yes Yes Yes
114
Assembled workforce Yes Yes No Yes Yes No
Agent Relationship
The Company has developed Agent base which is critical for business. Overall
these Agent relationship are viewed by management to be integral part of
sustainable business model. Further, the Company relies on these Agents to
generate most of its total revenue and expects existing Agents to continue
generating significant portion of Revenue going forward.
These Agent Relationships have developed over period. Some of the benefits
accruing to Honeycomb Logistics Pvt. Ltd., which are associated with Agent
Relationships are as follows:
1). Agent Retention: Long serving relations with Agents act as a glue which helps
joint venture to retain the Agents
2). Higher productivity and efficiency: Having established Agent relationships help
HLPL in anticipating Agent needs anddemand, achieving higher EBITDA margin
and cash flow which provides more stability, productivity and efficiency
3). Cost Advantage: Agent relationships helps company to optimize

marketing/customer acquisition cost.
4). Agent Loyalty: HLPL has developed a loyalty that helps Company to generate
stable revenue, cash flow and better margin and increase market share in
business in future.
As per understanding provided by management, Honeycomb Logistics Pvt. Ltd.

generally enters into various kind of formal agreements with
Agents with regards to expected CFS business.
As represented by the Management, due to ongoing relationships with its Agents

and benefits described above, there is a value associated with the Agent
Relationships. Considering discussion with the Management we understand that
Management has identified Agent Relationship as Primary Intangible Asset and
we have assessed its value accordingly usingMulti Period Excess EarningMethod.
Assembled Workforce
The existence of a well-trained and organised team saves the acquirer from
having to hire and train the people necessary to run the business and thus
represents future economic benefits.
However, Assembled Workforce does not fulfil the recognition criteria of

Intangibles Assets as per Ind AS – 38. The workforce may however affect the fair
value measurement of other intangible assets and accordingly we have
determined the Fair Value of the Company’s Assembled Workforce.
Key assumptions
Revenue Growth: The Company is expected to achieve revenue growth of ~9% in

FY23 and subsequently expected to grow around ~30%, ~5% & ~4% during
FY24, FY25 & FY26 respectively. Higher growth in FY24 will be achieved through
commissioning of new container handling capacity at Mundra location by
acquiring new 29 acres of land. Moreover, new initiatives taken up by custom
authorities, Govt. of India are expected to result into improvement in turnaround
time by reducing examination time by customs and easing out some procedures.
115
EBITDA Margin: The Company is expected to earn EBITDA margin in range of

33-35% in the projected period. EBIDTA margins for 6 months ending 30 Sept
2021 were in the range of 38%. These include income from Auction of goods
which had abnormally shot up in recent period due to covid challenges faced by
importers and exporters.
Tax Rate: The Company enjoys Tax Holiday Period, and which will end by FY
2022 but pays tax at Minimum Alternate Tax (MAT) Rate at 17.47% as per
prevailing laws. From FY 2023 onwards, it will adopt low tax regime and
accordingly we have considered the effective tax rate at 25.17% (without benefit
of MAT credit balance).
Working Capital: We have assumed working capital investment as -1.50% of

revenue. This is consistent with the historical trend for working capital
requirement.
Capital Expenditure: The estimated capital expenditure for new facility is expected
to be around INR 83.59 cr. Maintainable capital expenditure is assumed to be 2%
of the opening WDV of depreciable assets every year.
Terminal Growth Rate: We have estimated Terminal Growth rate at 2%. This is
assumed to be the long-term industry growth rate.
Market value of Surplus Asset: It represents investment in Mutual Fund. As the

nature of the asset is Current Investment, it is carried in Balance Sheet at fair
market value and accordingly we have considered the same in our working.
Assembled workforce
In an effort to estimate this cost, we analyzed the various costs the Company
would expect to incur in order to assemble a workforce of comparable size and
expertise. These costs were measured in terms of the potential recruiting,
interviewing, training, and efficiency costs that would be required.
Recruiting Cost:
Recruiting costs include any expenses incurred during the process of gathering
qualified interview candidates and
interviewing them (e.g., advertising expenses, recruiting firm fees, opportunity
costs associated with reviewing resumes, opportunity costs associated with
interviewing potential employees etc.). According to management, the amount of
cost including opportunity cost required for recruiting a new hire is around 1-month
Salary.
Training & Efficiency Cost:
Training costs represent direct costs associated with training a new hire, including
any opportunity costs (e.g., the time and associated cost incurred by a trainer).
Efficiency costs include the opportunity cost associated with the time necessary
for a new employee to become oriented with the organization and fully proficient
at his or her level of responsibility. These costs is calculated by multiplying the
average time needed by a new employee to attain a full level of productivity (the
start-up time) by the compensation.
According to management, the amount of cost for Training and Efficiency is

around 3-month Salary.
Month' 31-M
Particulars
of cost ar-21
116
3,32,12,
Employee Cost 12
820.34
30,00,0
Recruitment Cost [a] 1
00.00
80,00,0
Training Cost & Efficiency Cost [b] 3
00.00
1,10,00,
Value of Assembled Workforce [a+b]
000.00
13,20,0
Contributory Charge (p.a) 12%
00.00
Valuation
[a] Value of the Assembled Workforce is estimated by adding the costs to replace
the various components of the Assembled Workforce described previously which
compensates the Company for the costs associated with constructing the
Assembled Workforce in order to reflect the Fair Value on an exit-price basis.
Accordingly, we determined the total value of the Assembled Workforce to be
approximately INR 11.00 million.
[b] ‘Return on’ Assembled Workforce for calculating Contributory charge is

estimated as 12% of Value of Assembled Workforce considering Cost of Capital of
the Company and appropriate adjustment for associated risk of the subject
Intangible Asset.
Computation of Goodwill
Amou
Particulars
nt
1,78,00,
Number of shares outstanding
000
Implied Equity Value per share (As per Share

159.18
Purchase Agreement)
2,83,34,
Implied Equity Value 04,000.
00
(2,68,
42,98,
Less: Fair value of Identifiable Net Assets
921.46
)
14,91,
Goodwill (including Assembled Workforce) 05,078
.54
Assembled workforce 1.10
Textual information (17): Disclosure of detailed information about business combinations [Text Block]
7 Acquisition of subsidiary

Honeycomb Logistics Pvt. Ltd. As a result. the Company's equity interest in
Honeycomb Logistics Pvt. Ltd. increased from 73% to 100%, granting it control of
Honeycomb Logistics Pvt. Ltd.
117
Included in the identifiable assets and liabilities acquired at the date of acquisition
of Honeycomb Logistics Pvt. Ltd. are inputs (a administrative office, leased land
alongwith developed yard, various handling equipment and customer
relationships), service processes and an organised workforce.The Company has
determined that together the acquired inputs and processes significantly
contribute to the ability to create revenue. The Company has concluded that the
acquired set is a business .
Taking control of Honeycomb Logistics Pvt. Ltd will enable the Company to
centralise its processes to improve the efficiency at group level. The acquisition is
also expected to provide the Company with an increased share of the Container
Freight Station market at Mundra region through Honeycomb Logistics Pvt. Ltd.'s
customer base. The Company also expects to reduce costs and effective tax
management.
generated revenue of INR 500.21 million and profit of INR 173.70 million out of
which Company's share of profit recorded at INR 126.80 million.
Cash
No. of 30-No
shares v-21
1,00,3
Carrying amount of interest in join venture as on acquisition date 12994086 8,79,2
69.14
76,50,
Consideration paid for 27% of shares (@ INR 159.18) 4805914 05,390
.52
76,50,0
Total consideration transferred 5,390.5
2

'other expenses'.
Fair
Net
value
block as
on
on 30
30 No
Nov
v
2021
2021
118
13,31, 18,30,3
Property, plant and equipment 55,202 9,994.2
.84 8
29,50,0 29,50,0
Capital work-in-progress
00.00 00.00
1,72,00,
5,14,13
Intangible assets 00,000.
3.74
51
7,32,46, 9,44,73,
Right-of-use assets
141.00 038.81
43,61,3 43,61,3
Other non-current assets 9,166.4 9,166.4
8 8
22,55,5 22,55,5
Current assets 9,564.5 9,564.5
3 3
15,12,3 15,12,3
Cash and cash equivalents 5,153.1 5,153.1
7 7
(8,04,5
(8,04,58
Current liabilities 8,279.4
,279.41)
1)
(4,86,3
(4,86,39
Other non-current liabilities 9,716.9
,716.91)
1)
(52,15,7
Deffered Tax liability on acquisition 1,727.6
2)
89,37, 2,16,27,
Total identifiable net assets acquired 01,365 27,193.
.44 84
30-Nov-
Calculation of Goodwill
21
Fair
Value
No of value
of
shares per
Entiry
share
2,83,34,
Fair value of the entity as on acquisition date 17800000 159.18 04,000.
00
67,06,76,80
Goodwill ( includes value of assembled work force)
6.16
Measurement of fair values
The valuation techniques used for measuring the fair value of material assets
acquired were as follows.
Asset a
Income approach
pproach
119
Estimates
value based
on
the fair
Estimates value based on
value of the
the present value of future
business’
earnings of cash
assets less
the fair
value of its
liabilities
Income approach
Discounted cash flows (DCF)
Under a DCF approach, forecast cash flows are discounted back to the present
date, generating a net present value for the cash flow stream of the business. A
terminal value at the end of the explicit Forecast Period is then determined and
that value is also discounted back to the valuation date to give an overall value for
the business.
A Discounted cash flow methodology typically requires the Forecast Period to be

of such a length to enable the business to achieve a stabilized level of earnings,
or to be reflective of an entire operation cycle for more cyclical industries.
The rate at which the future cash flows are discounted (“the discount rate”) should
reflect not only the time value of money, but also the risk associated with the
business’ future operations. The discount rate most generally employed is
Weighted Average Cost of Capital (“WACC”) or Cost of Equity (Ke), reflecting an
optimal as opposed to actual financing structure. The same is explained in detail
in next page.
In calculating the terminal value, regard must be given to the business’ potential
for further growth beyond the explicit Forecast Period. The “constant growth
model”, which applies an expected constant level of growth to the cash flow
forecast in the last year of the Forecast Period and assumes such growth is
achieved in perpetuity, is a common method. These results would be
cross-checked, however, for reasonability to implied exit multiples.
fundamental
fundamental
The variants of DCF is used in valuation of various Intangible Assets as elucidated

below.
Multi
period
excess
earning
method
(“MEEM”)
120
Multi-Period Excess Earnings Method is a valuation technique in which a stream

of revenues and expenses are identified for a particular group of assets, and then
the prospective earnings of a single subject asset are isolated from those of the
group of assets by identifying and deducting portions of the projected economic
benefits that are attributable to the contributory assets to estimate the remaining
or excess earnings attributable to the subject asset. MEEM is usually adopted for
valuation of the primary/ most important intangible assets in the business.
In order to perform MEEM analysis, we first isolate the projected revenue stream
associated with the subject intangible asset. Typically, the projected attributed
revenue streams are then adjusted by a retention or economic depreciation rate,
which reflects the expected rate of decay or loss in the subject intangible asset.
After applying a retention or economic depreciation rate to the projected revenue

stream generated by the subject intangible asset, expenses required to support
the revenue-generating activity are subtracted from projected revenue.
Additionally, contributory asset charges associated with other assets that support
the production of income are subtracted from the projected earnings stream to
derive cash flow. We deduct from EBITA the required returns, or contributory
asset charges, associated with other assets employed in the company’s
operations from a stream of projected economic benefits, resulting in the excess
return associated with the subject intangible asset.
Each year economic benefits are then discounted to the transaction date at a rate
of return commensurate with the risks and rewards involved in realizing the
economic income.
Considering the nature of the industry and discussions with the Management,
Agent Relation is regarded as the primary intangible asset. Accordingly, MEEM
Method has been adopted for valuation of Agent relation.
Contributory Asset Charge
While applying Multi Period Excess earning method, Contributory Asset Charge
are required to be deducted to arrive at value of the subject asset being measured
using this method.
A contributory asset can be tangible or intangible in nature. The distinguishing

characteristic of a contributory asset is that it is not the subject income-generating
asset itself; rather it is an asset that supports the subject income-generating
asset.
Fundamentally, each operating asset employed in a business must generate a fair

market participant return. We measure this return as a contributory asset charge.
These contributory capital charges are analogous to lease or rental rates that
would allow a hypothetical investor in a
company’s individual assets to be fairly compensated for their use in generating
an income stream, but only to the extentthe contributory asset is employed in the
income stream. By identifying both the contributory assets necessary for
anincome stream and the fair economic return associated with the contributory
assets, we are able to segregate an income stream between the return generated
by the contributory assets and the return generated by the subject intangible
asset. The valuation of an intangible asset must reflect those assets that a market
participant would treat as contributory assets, regardless of whether a company
has acquired them in a transaction, already owns them, or would need to
purchase or lease them.
121
We have calculated contributory asset charges, as appropriate, for Net working

capital, Fixed assets and Assembled
Workforce on a levelized basis.
Asset approach
Net Asset value
Under the net asset value approach, total value is based on the sum of net asset
value as recorded on the balance sheet and as appraised for real property assets.
A net asset methodology is most applicable for businesses where the value lies in
the underlying assets and not the ongoing operations of the business.
Liabilities is carried out on a ‘going concern’ premise. Historical cost/ net asset
earning potential.
Considering the, nature of assets and discussions with the Management about
their realisability, assets and liabilities other than Intangible Assets, Fixed Assets
and Right of Use Assets are valued on the basis of Net asset value method.
Replacement cost
The Replacement Cost Method is employed to measure the current replacement

cost of an asset. In an effort to estimate this cost, we analyze the various costs
that a company would expect to incur in order to recreate an asset of equivalent
utility.
Additionally, to the extent historical costs are employed, the measure of cost must
be adjusted for inflation and any technical, functional, or economic obsolescence
of the intangible assets and intellectual property.
liabilities is carried out on a ‘going concern’ premise. Historical cost/ net asset
earning potential.
Considering the, nature of assets and discussions with the Management,

assembled workforce is valued on the basis of replacement cost method.
Weighted Average Cost of Capital (WACC)
WACC is an overall rate of return derived based upon the individual rates of return
for invested capital (equity and interest-bearing debt). In calculating our WACC
analysis, we estimated the following components:
(a). the cost of equity
(b). the cost of debt
122
(c). an appropriate capital structure
(a). The cost of equity (Ke) is derived by using the Capital Asset PricingModel
(“CAPM”) as follows:
Rf + ß * (Rm
Ke =
– Rf) + a
the current
return on
Where: Rf =
risk-free
assets
the
expected
Rm = average
return of the
market
the average
risk
premium
above the
risk-free rate
(Rm – Rf) =
that a
“market”
portfolio of
assets is
earning
the beta
factor, being
the measure
of the
ß= systematic
risk for this
type of
equity
investment
company
specific risk
a=
factor
(alpha)
To estimate the Beta, we selected the Guideline companies which are in similar
line of service as Honeycomb Logistics Pvt. Ltd.
The cost of debt is the rate that a prudent investor would require to lend money to
the Company on an after-tax basis.
To estimate an appropriate capital structure for the Company in terms of the

specific weighing between equity and debt capital, we considered industry specific
capital structure data.
To estimate associated cost of capital of Intangible assets, appropriate Risk

premium has been considered.
Identification of Intangible Assets
Intangible assets are all the elements of a business enterprise that exist in
addition to working capital and tangible assets. They are the elements beyond
working capital and tangible assets that make the business work and are often the
primary contributors to the earning power of the enterprise.
The valuation of intangible assets is important both from an accounting and

commercial perspective.
123
An intangible asset is defined as “an identifiable non-monetary asset without

physical substance”.
As per Ind AS 38 – An Intangible Asset is recognizable only if it:
Is separable, i.e. capable of being separated or divided from the entity and sold,
transferred, licensed, rented or
exchanged, either individually or together with a related contract, asset or liability;
or
Arises from contractual or other legal rights, regardless of whether those rights are
transferable or separable from the entity or from other rights and obligations.
We have identified probable intangible assets for Honeycomb Logistics Pvt. Ltd.
and tested the same for criteria as per Ind AS 38, as shown below:
Intang
Probabl ible
Capab
e Asset
le of Fair
Arises from source to be
being value is
contractual Control of recog
Probable Intangible Assets separa reliably
or other Criterion future nized
ted measur
rights econom separ
from able
ic ately
entity
benefit (Yes /
No)
Agent relationship Yes Yes Yes Yes Yes Yes
Assembled workforce Yes Yes No Yes Yes No
Agent Relationship
The Company has developed Agent base which is critical for business. Overall
these Agent relationship are viewed by management to be integral part of
sustainable business model. Further, the Company relies on these Agents to
generate most of its total revenue and expects existing Agents to continue
generating significant portion of Revenue going forward.
These Agent Relationships have developed over period. Some of the benefits
accruing to Honeycomb Logistics Pvt. Ltd., which are associated with Agent
Relationships are as follows:
1). Agent Retention: Long serving relations with Agents act as a glue which helps
joint venture to retain the Agents
2). Higher productivity and efficiency: Having established Agent relationships help
HLPL in anticipating Agent needs anddemand, achieving higher EBITDA margin
and cash flow which provides more stability, productivity and efficiency
3). Cost Advantage: Agent relationships helps company to optimize

marketing/customer acquisition cost.
4). Agent Loyalty: HLPL has developed a loyalty that helps Company to generate
stable revenue, cash flow and better margin and increase market share in
business in future.
As per understanding provided by management, Honeycomb Logistics Pvt. Ltd.

generally enters into various kind of formal agreements with
Agents with regards to expected CFS business.
124
As represented by the Management, due to ongoing relationships with its Agents

and benefits described above, there is a value associated with the Agent
Relationships. Considering discussion with the Management we understand that
Management has identified Agent Relationship as Primary Intangible Asset and
we have assessed its value accordingly usingMulti Period Excess EarningMethod.
Assembled Workforce
The existence of a well-trained and organised team saves the acquirer from
having to hire and train the people necessary to run the business and thus
represents future economic benefits.
However, Assembled Workforce does not fulfil the recognition criteria of

Intangibles Assets as per Ind AS – 38. The workforce may however affect the fair
value measurement of other intangible assets and accordingly we have
determined the Fair Value of the Company’s Assembled Workforce.
Key assumptions
Revenue Growth: The Company is expected to achieve revenue growth of ~9% in

FY23 and subsequently expected to grow around ~30%, ~5% & ~4% during
FY24, FY25 & FY26 respectively. Higher growth in FY24 will be achieved through
commissioning of new container handling capacity at Mundra location by
acquiring new 29 acres of land. Moreover, new initiatives taken up by custom
authorities, Govt. of India are expected to result into improvement in turnaround
time by reducing examination time by customs and easing out some procedures.
EBITDA Margin: The Company is expected to earn EBITDA margin in range of

33-35% in the projected period. EBIDTA margins for 6 months ending 30 Sept
2021 were in the range of 38%. These include income from Auction of goods
which had abnormally shot up in recent period due to covid challenges faced by
importers and exporters.
Tax Rate: The Company enjoys Tax Holiday Period, and which will end by FY
2022 but pays tax at Minimum Alternate Tax (MAT) Rate at 17.47% as per
prevailing laws. From FY 2023 onwards, it will adopt low tax regime and
accordingly we have considered the effective tax rate at 25.17% (without benefit
of MAT credit balance).
Working Capital: We have assumed working capital investment as -1.50% of

revenue. This is consistent with the historical trend for working capital
requirement.
Capital Expenditure: The estimated capital expenditure for new facility is expected
to be around INR 83.59 cr. Maintainable capital expenditure is assumed to be 2%
of the opening WDV of depreciable assets every year.
Terminal Growth Rate: We have estimated Terminal Growth rate at 2%. This is
assumed to be the long-term industry growth rate.
Market value of Surplus Asset: It represents investment in Mutual Fund. As the

nature of the asset is Current Investment, it is carried in Balance Sheet at fair
market value and accordingly we have considered the same in our working.
Assembled workforce
125
In an effort to estimate this cost, we analyzed the various costs the Company
would expect to incur in order to assemble a workforce of comparable size and
expertise. These costs were measured in terms of the potential recruiting,
interviewing, training, and efficiency costs that would be required.
Recruiting Cost:
Recruiting costs include any expenses incurred during the process of gathering
qualified interview candidates and
interviewing them (e.g., advertising expenses, recruiting firm fees, opportunity
costs associated with reviewing resumes, opportunity costs associated with
interviewing potential employees etc.). According to management, the amount of
cost including opportunity cost required for recruiting a new hire is around 1-month
Salary.
Training & Efficiency Cost:
Training costs represent direct costs associated with training a new hire, including
any opportunity costs (e.g., the time and associated cost incurred by a trainer).
Efficiency costs include the opportunity cost associated with the time necessary
for a new employee to become oriented with the organization and fully proficient
at his or her level of responsibility. These costs is calculated by multiplying the
average time needed by a new employee to attain a full level of productivity (the
start-up time) by the compensation.
According to management, the amount of cost for Training and Efficiency is

around 3-month Salary.
Month' 31-M
Particulars
of cost ar-21
3,32,12,
Employee Cost 12
820.34
30,00,0
Recruitment Cost [a] 1
00.00
80,00,0
Training Cost & Efficiency Cost [b] 3
00.00
1,10,00,
Value of Assembled Workforce [a+b]
000.00
13,20,0
Contributory Charge (p.a) 12%
00.00
Valuation
[a] Value of the Assembled Workforce is estimated by adding the costs to replace
the various components of the Assembled Workforce described previously which
compensates the Company for the costs associated with constructing the
Assembled Workforce in order to reflect the Fair Value on an exit-price basis.
Accordingly, we determined the total value of the Assembled Workforce to be
approximately INR 11.00 million.
[b] ‘Return on’ Assembled Workforce for calculating Contributory charge is

estimated as 12% of Value of Assembled Workforce considering Cost of Capital of
the Company and appropriate adjustment for associated risk of the subject
Intangible Asset.
Computation of Goodwill
126
Amou
Particulars
nt
1,78,00,
Number of shares outstanding
000
Implied Equity Value per share (As per Share

159.18
Purchase Agreement)
2,83,34,
Implied Equity Value 04,000.
00
(2,68,
42,98,
Less: Fair value of Identifiable Net Assets
921.46
)
14,91,
Goodwill (including Assembled Workforce) 05,078
.54
Assembled workforce 1.10
127
[610800] Notes - Related party

PSA India
Intermodal Pte.
Name of parent entity Ltd.
PSA India
Intermodal Pte.
Name of ultimate parent of group Ltd.
Name of most senior parent entity producing publicly available financial statements NA NA
PSA India
PSA India Intermodal Pte.
Intermodal Pte. Ltd. is holding
Ltd. is holding 58.50% of shares
58.50% of shares in Ameya
in Ameya Logsitics Private
Logsitics Private Limited from 1st
Explanation of relationships between parent and subsidiaries Limited February 2021.
Whether there are any related party transactions during year Yes Yes
Whether entity applies exemption in Ind AS 24.25 No No
Other information subsidiary details [Abstract]
Whether company is subsidiary company Yes Yes
Section 2(87) Section 2(87)
Section under which company is subsidiary Explanation (a) Explanation (a)
Disclosure of transactions between related parties [Table] ..(1)

Categories of related parties [Axis] Parent [Member]
Related party [Axis] 5 6
Disclosure of transactions between related parties [Abstract]
Disclosure of transactions between related parties [Line items]
PSA India PSA INDIA
Intermodal Pte. INTERMODAL
Name of related party Ltd. PTE LTD
Country of incorporation or residence of related party SINGAPORE SINGAPORE
Permanent account number of related party AAKCP3320P AAKCP3320P
Identification number of foreign related party in country of incorporation or residence 201725128N 201725128N
Holding company
or Ultimate
Description of nature of transactions with related party Holding company Holding Company
Description of nature of related party relationship Holding company Holding company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0
Expense recognised during period for bad and doubtful debts for related party transaction 0 0

Categories of related parties [Axis] Other related parties [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
CONTAINER CONTAINER
MARINE MARINE
AGENCIES AGENCIES SINOTRANS SINOTRANS
PRIVATE PRIVATE INDIA PRIVATE INDIA PRIVATE
Name of related party LIMITED LIMITED LIMITED LIMITED
Country of incorporation or residence of related party INDIA INDIA INDIA INDIA
U63090MH1989P U63090MH1989P U74999MH2016P U74999MH2016P
CIN of related party TC051891 TC051891 TC285574 TC285574
Availing of Availing of
service of service of
handling handling
equipments ( equipments ( Providing Providing
reach Stacker) of reach Stacker) of Container Freight Container Freight
Description of nature of transactions with related party Containers Containers Station Services Station Services
128
Purchases of goods related party transactions 0 0 0 0

Categories of related parties [Axis] Other related parties [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Bharat Mumbai Bharat Mumbai PSA CARGO PSA CARGO
Container Container SOLUTIONS SOLUTIONS
Terminals Private Terminals Private INDIA PRIVATE INDIA PRIVATE
Name of related party Limited Limited LIMITED LIMITED
Country of incorporation or residence of related party INDIA INDIA INDIA INDIA
U74999MH2014F U74999MH2014F U74999MH2020F U74999MH2020F
CIN of related party TC255169 TC255169 TC345609 TC345609
Rendering of Rendering of
services and services and Providing Providing
Receiving of Receiving of Container Freight Container Freight
Description of nature of transactions with related party Services Services Station Services Station Services
Purchases of goods related party transactions 0 0 0 0

Other related
Categories of related parties [Axis] parties [Member]
Related party [Axis] 5
Period FY 2022
BDP UGL Global
Logistics (India)
Name of related party Private Limited
Country of incorporation or residence of related party INDIA
U63000MH2010P
CIN of related party TC200206
Rendering and
receiving of
Description of nature of transactions with related party services
Purchases of goods related party transactions 0
Expense recognised during period for bad and doubtful debts for related party transaction 0
129
[610900] Notes - First time adoption

Whether company has adopted Ind AS first time No No
Disclosure of reconciliation of equity from previous GAAP to Ind AS [Abstract]
Equity as per Indian GAAP 0 0
Ind AS Adjustment for equity 0 0
Equity as per Ind AS 0 0
Disclosure of reconciliation of comprehensive income from previous GAAP to Ind AS [Abstract]
Comprehensive income as per Indian GAAP 0 0
Ind AS Adjustment for comprehensive income 0 0
Comprehensive income as per Ind AS 0 0
Disclosure of reconciliation of profit (loss) for the period from previous GAAP to Ind AS [Abstract]
Profit (loss) for the period as per Indian GAAP 0 0
Ind AS Adjustment for profit (loss) for the period 0 0
Profit (loss) for the period as per Ind AS 0 0
130
[611000] Notes - Exploration for and evaluation of mineral resources

Whether there are any exploration and evaluation activities No No
Assets arising from exploration for and evaluation of mineral resources 0 0
Liabilities arising from exploration for and evaluation of mineral resources 0 0
Income arising from exploration for and evaluation of mineral resources 0 0
Expense arising from exploration for and evaluation of mineral resources 0 0
Cash flows from (used in) exploration for and evaluation of mineral resources, classified as operating activities 0 0
Cash flows from (used in) exploration for and evaluation of mineral resources, classified as investing activities 0 0
131
[611100] Notes - Financial instruments

Income, expense, gains or losses of financial instruments [Abstract]
Gains (losses) on financial instruments [Abstract]
Total gains (losses) on financial assets at fair value through profit or loss 0 0
Total gains (losses) on financial liabilities at fair value through profit or loss 0 0
Gain (loss) arising from derecognition of financial assets measured at amortised cost [Abstract]
Net gain (loss) arising from derecognition of financial assets measured at amortised cost 0 0
Disclosure of financial assets [Table] ..(1)

Financial assets at amortised cost, class
Classes of financial assets [Axis] [Member] Trade receivables [Member]
Categories of financial assets [Axis] Financial assets at amortised cost, category [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 542,140,753.00 421,914,898.00 196,587,753.00 105,286,919.00
Financial assets, at fair value 0 0 0 0
TRADE TRADE
Description of other financial assets at amortised cost class RECEIVABLE RECEIVABLE

Other financial assets at amortised cost Other financial assets at amortised cost
Classes of financial assets [Axis] class [Member] class 1 [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Financial assets 345,553,000.00 316,627,979.00 100,000.00 2,837,800.00
Description of other financial assets at amortised cost class Securitiy Deposit Securitiy Deposit

Other financial assets at amortised cost Other financial assets at amortised cost
Classes of financial assets [Axis] class 2 [Member] class 3 [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Financial assets 345,453,000.00 313,790,179.00 0 0
CASH AND CASH AND
CASH CASH LOAN TO LOAN TO
Description of other financial assets at amortised cost class EQUIVALENT EQUIVALENT EMPLOYEE EMPLOYEE

Financial assets at fair value, class Other financial assets at fair value class
Classes of financial assets [Axis] [Member] [Member]
Categories of financial assets [Axis] Financial assets at fair value through profit or loss, category [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Financial assets 170,983,122.00 32,278,324.00 170,983,122.00 32,278,324.00
Description of other financial assets at amortised cost class
Description of other financial assets at fair value class
132
Other financial assets at fair value class 1 Other financial assets at fair value class 2
Classes of financial assets [Axis] [Member] [Member]
Financial assets at fair value through profit or loss, mandatorily measured at fair value,
Categories of financial assets [Axis] category [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Financial assets 0 75,846.00 0 1,948,692.00
MUTUAL MUTUAL CURRENT CURRENT
Description of other financial assets at fair value class FUNDS FUNDS INVESTMENTS INVESTMENTS

Other financial assets at fair value class 3
Classes of financial assets [Axis] [Member]
Financial assets at fair value through profit
or loss, designated upon initial recognition
Categories of financial assets [Axis] or subsequently, category [Member]
Financial assets 170,983,122.00 30,253,786.00
Financial assets, at fair value 0 0
Other financial
Description of other financial assets at amortised cost class assets
Other financial
Description of other financial assets at fair value class nil assets
Disclosure of financial liabilities [Table]

Classes of financial liabilities [Axis] Financial liabilities at fair value, class [Member]
Financial liabilities at fair value through
profit or loss, designated upon initial
Financial liabilities at fair value through recognition or subsequently, category
Categories of financial liabilities [Axis] profit or loss, category [Member] [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Disclosure of financial liabilities [Abstract]
Disclosure of financial liabilities [Line items]
Financial liabilities 411,237,920.00 255,086,125.00 411,237,920.00 255,086,125.00
Financial liabilities, at fair value 0 255,086,125.00 0 255,086,125.00
133
[611200] Notes - Fair value measurement

Whether assets have been measured at fair value Yes Yes
Whether liabilities have been measured at fair value No No
Whether equity have been measured at fair value No No
Disclosure of fair value measurement of assets [Table] ..(1)

Measurement [Axis] At fair value [Member]
Classes of assets [Axis] Other assets [Member]
Levels of fair value hierarchy [Axis] Level 1 of fair value hierarchy [Member]
Disclosure of fair value measurement of assets [Abstract]
Disclosure of fair value measurement of assets [Line items]
Assets 0 2,024,538.00 516,068,546.00
Nature of other assets
Description of valuation techniques used in fair value measurement, assets
Reconciliation of changes in fair value measurement, assets [Abstract]
Changes in fair value measurement, assets [Abstract]
Gains (losses) recognised in profit or loss, fair value measurement, assets -2,024,538.00 -514,044,008.00
Total increase (decrease) in fair value measurement, assets -2,024,538.00 -514,044,008.00
Assets at end of period 0 2,024,538.00 516,068,546.00
Description of line items in profit or loss where gains (losses) are recognised, fair
value measurement, assets
Description of line items in other comprehensive income where gains (losses) are
recognised, fair value measurement, assets

Measurement [Axis] Recurring fair value measurement [Member]
Classes of assets [Axis] Other assets 1 [Member]
Assets 0 1,948,692.00 514,205,211.00
CURRENT CURRENT
Nature of other assets INVESTMENTS INVESTMENTS
Level 1: quoted Level 1: quoted
(unadjusted) (unadjusted)
prices in active prices in active
markets for markets for
identical assets or identical assets or
Description of valuation techniques used in fair value measurement, assets liabilities. liabilities.
Gains (losses) recognised in profit or loss, fair value measurement, assets -1,948,692.00 -512,256,519.00
Total increase (decrease) in fair value measurement, assets -1,948,692.00 -512,256,519.00
Assets at end of period 0 1,948,692.00 514,205,211.00
Description of line items in profit or loss where gains (losses) are recognised, fair Textual Textual
value measurement, assets Information (18) Information (19)
Description of line items in other comprehensive income where gains (losses) are Textual Textual
recognised, fair value measurement, assets Information (20) Information (21)

Measurement [Axis] Recurring fair value measurement [Member]
Classes of assets [Axis] Other assets 2 [Member]
Assets 0 75,846.00 1,863,335.00
Nature of other assets MUTUAL FUND MUTUAL FUND
134
Level 1: quoted Level 1: quoted

(unadjusted) (unadjusted)
prices in active prices in active
markets for markets for
identical assets or identical assets or
Description of valuation techniques used in fair value measurement, assets liabilities. liabilities.
Gains (losses) recognised in profit or loss, fair value measurement, assets -75,846.00 -1,787,489.00
Total increase (decrease) in fair value measurement, assets -75,846.00 -1,787,489.00
Assets at end of period 0 75,846.00 1,863,335.00
Description of line items in profit or loss where gains (losses) are recognised, fair Textual Textual
value measurement, assets Information (22) Information (23)
Description of line items in other comprehensive income where gains (losses) are Textual Textual
recognised, fair value measurement, assets Information (24) Information (25)
Textual information (18): Description of line items in profit or loss where gains (losses) are recognised, fair value
measurement, assets
profit or loss. A gain or loss on a debt investment subsequently measured at fair value through statement of profit and loss is recognisedin the
measurement, assets
Textual information (20): Description of line items in other comprehensive income where gains (losses) are recognised,
fair value measurement, assets
measurement, assets
measurement, assets
135
136
[611300] Notes - Regulatory deferral accounts

Items for presentation of regulatory deferral accounts [Abstract]
Balance sheet [Abstract]
Regulatory deferral account debit balances and related deferred tax Assets [Abstract]
Regulatory deferral account debit balances [Abstract]
Total regulatory deferral account debit balances 0 0
Regulatory deferral account credit balances and related deferred tax liability [Abstract]
Regulatory deferral account credit balances [Abstract]
Total regulatory deferral account credit balances 0 0
Statement of profit or loss and other comprehensive income [Abstract]
Net movement in regulatory deferral account balances related to profit or loss and net movement in related
deferred tax [Abstract]
Net movement in regulatory deferral account balances related to profit or loss [Abstract]
Total net movement in regulatory deferral account balances related to profit or loss 0 0
Total net movement in regulatory deferral account balances related to profit or loss and net movement in
related deferred tax 0 0
Net movement in regulatory deferral account balances related to other comprehensive income [Abstract]
Other comprehensive income, net of tax, net movement in regulatory deferral account balances related to
items that will be reclassified to profit or loss [Abstract]
Total other comprehensive income, net of tax, net movement in regulatory deferral account balances
related to items that will be reclassified to profit or loss 0 0
137
[611400] Notes - Separate financial statements

Period FY 2022
Method used to account for investments in subsidiaries Going Concern
Disclosure of subsidiaries [Table]

Subsidiaries [Axis] 1
Period FY 2022
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
HONEYCOMB
LOGISTICS
PRIVATE
Name of subsidiary LIMITED
U63011MH2006P
CIN of subsidiary company TC386694
MUNDRA
Principal place of business of subsidiary GUJARAT
Country of incorporation or residence of subsidiary INDIA
138
[611500] Notes - Interests in other entities

Whether company has subsidiary companies No Yes
Number of subsidiary companies [INR] 1.00
Whether company has subsidiary companies which are yet to commence operations No No
Whether company has subsidiary companies liquidated or sold during year No No
Description of significant restrictions on entity's ability to access or use assets and settle liabilities of group NA
Description of nature and extent to which protective rights of non-controlling interests can significantly restrict
entity's ability to access or use assets and settle liabilities of group NA
Whether company has invested in associates No No
Whether company has associates which are yet to commence operations No No
Whether company has associates liquidated or sold during year No No
Whether company has invested in joint ventures No No
Whether company has joint ventures which are yet to commence operations No No
Whether company has joint ventures liquidated or sold during year No No
Whether there are unconsolidated structured entities No No
Whether there are unconsolidated subsidiaries No No
Whether there are unconsolidated structured entities controlled by investment entity No No
Disclosure of details of subsidiaries [Table]

Subsidiaries [Axis] 1
Period FY 2022
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
HONEYCOMB
LOGISTICS
PRIVATE
Name of subsidiary LIMITED
MUNDRA
Principal place of business of subsidiary GUJARAT
Country of incorporation or residence of subsidiary INDIA
U63011MH2006P
CIN of subsidiary company TC386694
Section under which company became subsidiary Section 2(87)(ii)
Whether subsidiary has filed balance sheet Yes
SRN of filing of balance sheet by subsidiary F33185893
Whether financial year of subsidiary different from financial year of holding company No
Financial year of subsidiary [Abstract]
Start date of accounting period of subsidiary 01/04/2021
End date of accounting period of subsidiary 31/03/2022
Percentage of shareholding in subsidiary 99.9%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR
Exchange rate as applicable for subsidiary N.A
Share capital of subsidiary 178,000,000.00
Reserves and surplus of subsidiary 553,106,169.00
Total assets of subsidiary 858,547,671.00
Total liabilities of subsidiary 127,441,503.00
Investment of subsidiary 0
Turnover of subsidiary 0
Profit before tax of subsidiary 257,880,403.00
Provision for tax of subsidiary 6,900,955.00
Profit after tax of subsidiary 250,979,448.00
Proposed dividend of subsidiary 0
139
[611600] Notes - Non-current asset held for sale and discontinued operations

Textual
Disclosure of non-current assets held for sale and discontinued operations [Text Block] Information (26)
Cash flows from continuing and discontinued operations [Abstract]
Net cash flows from (used in) operating activities, continuing operations 756,203,451.00 579,153,265.00
Net cash flows from (used in) investing activities, continuing operations -571,800,278.00 -42,075,472.99
Net cash flows from (used in) financing activities, continuing operations -152,740,352.00 -240,850,000.00
Textual information (26): Disclosure of non-current assets held for sale and discontinued operations [Text Block]
NA
140
[611700] Notes - Other provisions, contingent liabilities and contingent assets

Whether there are any contingent liabilities No Yes
Disclosure of contingent liabilities [Table] ..(1)

Classes of contingent liabilities [Axis] Contingent liabilities [Member] Tax contingent liability [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Disputed Disputed
liabilities in liabilities in
Description of nature of obligation, contingent liabilities Appeal Appeal
Estimated financial effect of contingent liabilities 134,180,000.00 137,590,000.00
Explanation of possibility of reimbursement contingent
liabilities NA NA
Indication of uncertainties of amount or timing of outflows
contingent liabilities NA NA
Contingent Contingent
liabilities and liabilities and
Description of other contingent liabilities others commitments commitments
Disclosure of contingent liabilities [Table] ..(2)

Other contingent liabilities, others
Classes of contingent liabilities [Axis] Other contingent liabilities [Member] [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Claim not Claim not
acknowledged as acknowledged as
debts debts
–compensation –compensation
claims by third claims by third
Description of nature of obligation, contingent liabilities parties parties
Estimated financial effect of contingent liabilities 9,100,000.00 9,690,000.00 9,100,000.00 9,690,000.00
Explanation of possibility of reimbursement contingent
liabilities NA NA
Indication of uncertainties of amount or timing of outflows
contingent liabilities NA NA
141
[611800] Notes - Revenue

Textual Textual
Disclosure of revenue [Text Block] Information (27) Information (28)
Textual information (27): Disclosure of revenue [Text Block]
31
28 Revenue from operations 31 March 2023 March
2022
Sale of services
Container Storage Charges 49,91,21,345.06 34,76,44,767.75
Delivery charges 84,89,24,614.27 60,50,37,046.08
Handling charges 1,43,07,96,042.56 1,04,15,60,008.49
Warehouse storage 11,03,11,510.95 9,15,82,499.06
2,88,91,53,512.84 2,08,58,24,321.38
Other operating revenues
Rent income from reachstacker ( note 38) 3,25,000.00 -
Business service center charges 66,36,680.70 15,26,582.00
Auction income 4,65,15,669.00 1,73,57,466.00
Empty repairing 73,73,076.42 4,55,09,386.55
Other services 4,11,46,262.93 3,52,68,219.16
10,19,96,689.06 9,96,61,653.72
2,99,11,50,201.90 2,18,54,85,975.09
31
29 Other income 31 March 2023 March
2022
Interest income on income tax refund - -
Interest income on fixed deposits with bank 1,82,74,064.56 19,40,054.00
Security deposits carried at amortised cost 3,15,214.96 9,615.84
Interest income on security deposits - 38,95,282.10
Gain on sale of current investments in mutual fund

- 1,51,61,458.43
carried at FVTPL (net)
Gain on acquisition of 100% shares of subsidiary - 1,06,45,19,340.34
Gain on lease modification - 6,94,683.34
Other non-operating income (Mobile Tower Rent) 2,29,000.00 2,24,714.00
Profit on sale of fixed assets (Net) 26,97,889.07 25,32,607.32
Foreign Exchange gain 8,51,907.00 -
Government grant income (refer note 39) 7,47,953.40 9,21,125.00
Compensated absences (refer note 37) - 2,51,894.19
Reversal of excess provision 96,126.00 66,081.22
Other non-operating income 60,000.00 -
2,32,72,155.00 1,09,02,16,855.78
142
Textual information (28): Disclosure of revenue [Text Block]
31 March
Revenue from operations 31 March 2022
2021
Sale of services
Container Storage Charges 34,76,44,767.75 53,74,44,408.19
Delivery charges 60,50,37,046.09 41,68,60,975.30
Handling charges 1,04,15,60,008.49 73,82,85,582.41
Warehouse storage 9,15,82,499.06 9,00,85,286.00
2,08,58,24,321.39 1,78,26,76,251.90
Other operating revenues
Business service center charges 15,26,582.00 74,17,560.00
Auction income 1,73,57,466.00 7,54,67,262.00
Empty repairing 4,55,09,386.55 27,81,143.04
Other services 3,52,68,219.16 1,09,44,568.84
9,96,61,653.72 9,66,10,533.88
2,18,54,85,975.11 1,87,92,86,785.78
143
[611900] Notes - Accounting for government grants and disclosure of government assistance

Whether company has received any government grant or government assistance Yes Yes
Textual Textual
Description of accounting policy for government grants [Text Block] Information (29) Information (30)
Grants from the Grants from the
government are government are
recognised at their recognised at their
fair value where fair value where
there is a there is a
reasonable reasonable
assurance that the assurance that the
grant will be grant will be
received and the received and the
Company will Company will
comply with all comply with all
attached attached
Description of nature and extent of government grants recognised in financial statements conditions. conditions.
Indication of other forms of government assistance with direct benefits for entity NA NA
Explanation of unfulfilled conditions and other contingencies attaching to government assistance NA NA
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
144
[612000] Notes - Construction contracts

Whether there are any construction contracts No No
Revenue from construction contracts 0 0
Costs incurred and recognised profits (less recognised losses) 0 0
Advances received for contracts in progress 0 0
Retention for contracts in progress 0 0
Gross amount due from customers for contract work as Assets 0 0
Gross amount due to customers for contract work as liability 0 0
Progress billings 0 0
145
[612100] Notes - Impairment of assets

Whether there is any impairment loss or reversal of impairment loss during the year No No
Whether impairment loss recognised or reversed for individual Assets or cash-generating unit No No
146
[612200] Notes - Leases

Textual
Disclosure of leases [Text Block] Information (31)
Whether company has entered into any lease agreement Yes No
Lease and sublease payments recognised as expense [Abstract]
Total contingent rents recognised as expense 0 0
Total lease and sublease payments recognised as expense 0 0
Contingent rents recognised as income [Abstract]
Total contingent rents recognised as income 0 0
Whether any operating lease has been converted to financial lease or vice-versa No No
Disclosure of recognised finance lease as assets by lessee [Table]

Other assets
Classes of assets [Axis] [Member]
Accumulated
depreciation and
impairment
Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [Axis] [Member]
Period FY 2023
Disclosure of recognised finance lease as assets by lessee [Abstract]
Disclosure of recognised finance lease as assets by lessee [Line items]
Recognised finance lease as assets 91,650,000.00
Sub- Lease
agreement with
Gujarat Adani
Port Limited for
Nature of other assets CFS
Textual information (31): Disclosure of leases [Text Block]
Leases
Company as a lessee
The details of contracts which it has recognised Right-of-use assets (ROU) and lease liability as per Ind AS 116 Leases and detail of which is as
below:
Entered into deed of sublease on 1 September 2006 with Gujarat Adani Port Limited (GAPL) for land within the Adani Port and SEZ. The leases
are non- cancellable and are for a period of 24 years and 1 month. The lease agreements provide for an escalation in the lease payments by
10% after every three years.
Entered into an agreement with JD Infraport Private Limited to obtain services of sixteen diesel operated and eight battery operated forklift
machines for handling of containers at Company’s CFS. The said agreement was for the period of 3 years from 01 June 2022 which is
terminated w.e.f. 31 May 2025.
The lease payments charged for the above agreements have been recognised as Right-of-use assets (ROU) and respective lease liabilities in
balance sheet.
Following are the changes in the carrying value of right of use assets
Particulars Category of ROU assets Total
Lease hold land (Adani SEZ CFS) Lease hold equipment (Forklift)
Acquisitions through business combinations 75.59 18.89 94.48
Additions - - -
Deletions - 18.13 18.13
Depreciation for the year 2.86 0.76 3.62
Balance as at 31 March 2022 72.73 - 72.73
Additions - 37.85 37.85
Deletions - - -
Depreciation for the year 8.56 10.37 18.93
Balance as at 31 March 2023 64.17 27.48 91.65
147
38. Leases (continued)

Company as a lessee (continued)
Following is the movement in lease liabilities
Particulars Category of lease liabilities Total
Lease hold land (Adani SEZ CFS) Lease hold equipment (Forklift)
Acquisitions through business combinations 40.32 19.55 59.87
Additions - - -
Deletions - 18.83 18.83
Finance cost accrued during the year 1.37 0.13 1.50
Payments of lease liabilities - 0.85 0.85
Balance as at 31 March 2022 41.69 - 41.69
Additions - 37.85 37.85
Deletions - - -
Finance cost accrued during the year 3.73 2.07 5.80
Payments of lease liabilities 6.27 11.47 17.74
Balance as at 31 March 2023 39.15 28.45 67.60
Following is classification of current and non-current lease liabilities
Particulars Lease hold land (Adani SEZ CFS) Lease hold equipment (Forklift) Total
Current lease liabilities 6.27 - 6.27
Non-current lease liabilities 35.42 - 35.42
Total lease liability as at 31 Mar 2022 41.69 - 41.69
Current lease liabilities 3.73 12.51 16.24
Non-current lease liabilities 35.42 15.94 51.35
Total lease liability as at 31 Mar 2023 39.15 28.44 67.59
For impact of changes in accounting policies, refer note 3.8.
38. Leases (continued)

Company as a lessee (continued)
Operating leases as lessee
The Company has taken certain equipments and vehicles under operating lease for which lease rent expenses of Rs. 62.04 million (Previous
year: Rs. 24.90 million) has been recognised in the statement of profit and loss ; however all the leases are cancellable and not beyond the
period of 12 months , hence there is no applicability of IND AS 116-Leases.
148
[612300] Notes - Transactions involving legal form of lease

Whether there are any arrangements involving legal form of lease No No
149
[612400] Notes - Service concession arrangements

Whether there are any service concession arrangments No No
150
[612500] Notes - Share-based payment arrangements

Whether there are any share based payment arrangement No No
Number of share options outstanding in share based payment arrangement [Abstract]
Total changes of number of share options outstanding in share based payment arrangement [INR] 0 [INR] 0
Number of share options outstanding in share-based payment arrangement at end of period [INR] 0 [INR] 0
Weighted average exercise price of share options outstanding in share based payment arrangement [Abstract]
Total changes of weighted average exercise price of share options outstanding in share-based payment
arrangement 0 0
Weighted average exercise price of share options outstanding in share-based payment arrangement at end of
period 0 0
Number of other equity instruments outstanding in share based payment arrangement [Abstract]
Number of other equity instruments granted in share-based payment arrangement [INR] 0 [INR] 0
Total changes of number of other equity instruments outstanding in share-based payment arrangement [INR] 0 [INR] 0
Weighted average exercise price of other equity instruments outstanding in share based payment
arrangement [Abstract]
Total changes of weighted average exercise price of other equity instruments outstanding in share-based
payment arrangement 0 0
Weighted average exercise price of other equity instruments outstanding in share-based payment
arrangement at end of period 0 0
Number of other equity instruments granted in share-based payment arrangement [INR] 0 [INR] 0
Expense from share-based payment transactions in which goods or services received did not qualify for
recognition as assets [Abstract]
Total expense from share-based payment transactions in which goods or services received did not qualify for
recognition as assets 0 0
151
[612600] Notes - Employee benefits

Textual Textual
Disclosure of employee benefits [Text Block] Information (32) Information (33)
Whether there are any defined benefit plans Yes Yes
Disclosure of defined benefit plans [Table]

Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Defined benefit plans categories [Axis] 1
Disclosure of defined benefit plans [Abstract]
Disclosure of defined benefit plans [Line items]
Description of type of plan GRATUITY GRATUITY
Surplus (deficit) in plan [Abstract]
Net surplus (deficit) in plan 0 0
Actuarial assumption of discount rates 0% 0%
Disclosure of net defined benefit liability (assets) [Table] ..(1)

Net defined benefit liability (assets) [Axis] Present value of defined benefit obligation [Member]
Disclosure of net defined benefit liability (assets) [Abstract]
Disclosure of net defined benefit liability (assets) [Line items]
Description of type of plan GRATUITY GRATUITY
Changes in net defined benefit liability (assets) [Abstract]
Current service cost, net defined benefit liability (assets) 2,790,000.00 2,160,000.00
Interest expense (income), net defined benefit liability (assets) 1,450,000.00 1,310,000.00
Past service cost and gains (losses) arising from settlements, net defined benefit
liability (assets) [Abstract]
Losses (gains) arising from settlements, net defined benefit liability (assets) -270,000.00 1,380,000.00
Net past service cost and gains (losses) arising from settlements, net defined
benefit liability (assets) 270,000.00 -1,380,000.00
Increase (decrease) through business combinations and disposals, net defined
benefit liability (assets) -3,980,000.00 4,920,000.00
Increase (decrease) through other changes, net defined benefit liability (assets) -50,000.00 -1,530,000.00
Total increase (decrease) in net defined benefit liability (assets) 480,000.00 5,480,000.00
Net defined benefit liability (assets) at end of period 23,777,538.00 23,297,538.00 17,817,538.00
Disclosure of net defined benefit liability (assets) [Table] ..(2)

Net defined benefit liability (assets) [Axis] Plan assets [Member]
Disclosure of net defined benefit liability (assets) [Abstract]
Disclosure of net defined benefit liability (assets) [Line items]
Textual Textual
Description of type of plan Information (34) Information (35)
Changes in net defined benefit liability (assets) [Abstract]
Interest expense (income), net defined benefit liability (assets) 370,000.00 300,000.00
Gain (loss) on remeasurement, net defined benefit liability (assets) [Abstract]
Return on plan assets, net defined benefit liability (assets) 140,000.00 -10,000.00
Total loss (gain) on remeasurement, net defined benefit liability (assets) 140,000.00 -10,000.00
Payments from plan, net defined benefit liability (assets) -50,000.00 -1,360,000.00
Increase (decrease) through business combinations and disposals, net defined
benefit liability (assets) -500,000.00 2,050,000.00
Total increase (decrease) in net defined benefit liability (assets) -220,000.00 3,720,000.00
Net defined benefit liability (assets) at end of period 4,370,000.00 4,590,000.00 870,000.00
Textual information (32): Disclosure of employee benefits [Text Block]
152
. Employee benefits: Post-employment benefit plans

i. Defined contribution plans
The Company makes contributions, determined as a specified percentage of employee salaries, in respect of qualifying employees towards
Provident Fund, which is a defined contribution plan. The Company has no obligations other than to make the specified contributions. The
contributions are charged to the consolidated statement of profit and loss as they accrue. The amount recognised as an expense towards
contribution to Provident Fund for the year aggregated to Rs.6.30 million (previous year: Rs.4.79 million), contribution to National Pension
Scheme for the year aggregated to Rs.0.26 Million (previous year: Rs.0.40 million) and contribution to ESIC for the year aggregated to Rs. 0.04
million (previous year:Rs.0.05 million), contribution to employee superannuation scheme for the year aggregated to Rs.0.25 million (previous
year:Rs.0.28 million), contribution to Employer Employee Insurance Plan for the year aggregated of Rs.4.22 million (previous year: Rs. 3.40
million) which are charged to the consolidated statement of profit and loss.
ii. Defined benefit plans

The Company offers the following employee benefit schemes to its employees:
Gratuity:The gatuity plan entitles an employee, who has rendered atleast five years of continuous service, to receive fifteen days salary for each
year of completed service at the time of retirement/exit. The scheme is funded with Life Insurance Corporation of India and with HDFC life
Insurance Company Ltd.
The following table summarises the position of assets and obligations relating to the plan.
Valuations in respect of Gratuity have been carried out by independent actuary, as at the balance sheet date, based on the following principal
assumptions is shown below:
Particulars on 31 March 2022 31 March 2021
Discount rate 6.40% 6.85%
Rate of increase in compensation levels 10% 10%
Withdrawal rate 20% 5%
Retirement age 60 years 60 years
Mortality table Indian Assured Lives Mortality (2012-14) Indian Assured Lives Mortality (2012-14)
The overall expected rate of return on assets is determined based on the yields on the government bonds on the valuation date applicable to the
period over which the obligation is to be settled. The estimates of future salary increases, considered in actuarial valuation, take account of
inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market.
37. Employee benefits (continued)

ii. Defined benefit plans(continued)
Consolidated Balance Sheet -Details of Provision for gratuity benefits
Particulars Gratuity (Funded)
31 March 2022 31 March 2021
Present value of funded obligations 23.30 17.82
Fair Value of plan assets 4.59 0.86
Net Liability / (Asset) recognised in the consolidated balance Sheet 18.71 16.96
Amount recognised in consolidated balance sheet – current 2.31 2.37
Amount recognised in consolidated balance sheet – non current 16.40 14.59
Change in the present value of the defined benefit obligation are as follows:
31 March 2022 31 March 2021
Opening defined benefit obligation 17.82 17.86
Acquisitions through business combinations 5.72
Current service cost 2.16 2.37
Interest cost 1.31 1.17
Due to change in demographic assumption (0.75) -
Benefits paid (1.53) (2.25)
153
Actuarial loss / (gain) on obligation due to change in financial assumptions (0.05) -
(1.38) (1.32)
Actuarial (gain) / loss on obligation due to experience adjustments
Past Service Cost
- -
*Closing defined benefit obligation 23.30 17.82
* During the previous year, in view of the expected introduction of labour security code, management had provided for additional liability in FY
2020-21of Rs.4.12 million over and above the charge mentioned above and the same is still continuing in books as on reporting date .
**During the year the company has withdrawn Rs. 0.02 million from the fund and which is unpaid as on reporting date.
Change in fair value of plan assets
31 March 2022 31 March 2021
Fair value of plan assets beginning of the year 0.87 2.47
Interest Income 0.30 0.21
Return on plan assets excluding amounts included in interest income (0.01) 0.01
Contributions by employer 1.36 0.42
Fair value of plan assets end of the year 4.59 0.87

Consolidated statement of profit and loss
Net employee benefit expense
31 March 2022 31 March 2021
Past service cost - -
Net Interest cost 1.01 0.97

Additional provision on account of Security Code - 4.12
*Total charge to consolidated statement of profit and loss 3.17 7.46
Other comprehensive income
31 March 2022 31 March 2021
Amounts recognized in Other comprehensive income
Due to Change in financial assumptions (0.80) (0.00)
Due to change in demographic assumption (0.00) (0.00)
Due to experience adjustments (1.37) (1.32)
Return on plan assets excluding amounts included in interest income 0.01 (0.01)
Amounts recognized in Other comprehensive income (2.17) (1.33)
Composition of the plan assets
Particualr March 31, 2022 March 31, 2021
Funds managed by insurers - With Life Insurance Corporation of India (LIC) and HDFC
100% 100%
life Insurance Company Ltd under the Group Gratuity Cash Accumulation Scheme.
154
Assets liability matching strategy

The funds contributed by the Company to the scheme to finance the liability of the gratuity plan is invested by the investment management
company in permissible assets.
However there is no compulsion on the part of the company to fully pre fund the liability of he plan. The Company’s philosophy is to fund the
benefits based on its own liquidity and tax position as well as level of under funding of the plan.

Sensitivity Analysis
The significant actuarial assumption for the determination of defined benefit obligation in respect of gratuity plan is the discount rate. The
calculation of the net defined benefit obligation is sensitive to this assumption. The following table summarises the effects of changes in this
actuarial assumption on the defined benefit obligation:
Discount rate
Particulars 31 March 2022 31 March 2021
Increase Decrease Increase Decrease
Changes in discount rate +0.5% -0.5% +0.5% -0.5%
Defined benefit obligation after change 19.95 22.16 16.85 18.90
Original defined benefit obligation 21.01 21.01 17.82 17.82
(Decrease)/ increase in defined benefit obligation (1.06) 1.15 (0.97) 1.08
Increment rate
Changes in salary growth rate +0.5% -0.5% +0.5% -0.5%
(Decrease)/ increase in defined benefit obligation 1.11 (1.04) 1.04 (0.94)
Attrition rate
Changes in withdrawal rate (W.R) +10% -10% +10% -10%
Increase/(Decrease) in defined benefit obligation (0.16) 0.17 (0.10) 0.12
iii. Compensated absences disclosure in respect of other long term employee benefits.
The Company provides for the encashment of accumulated leave subject to a maximum of 60 days. The liability is provided based on the number
of days of unutilised leave at each balance sheet date on the basis of an independent acturial valuation. Acturail gain of of Rs 0.34 million
(Previous year: loss of Rs 0.11 million ) has been recognised in the consolidated statement of Profit and Loss. The scheme is funded with Life
Insurance Corporation of India and HDFC life Insurance Company Ltd.
Amount recognised in the Consolidated balance sheet
Particulars Funded Funded
31 March 2022 31 March 2021
Fair Value of Plan Assets 3.14 0.80
Net Liability / (Asset) recognised in the Balance Sheet (current) 7.24 8.33

*During the previous year the company expected introduction of labour security code, management has provided additional liability in FY
155
2021-22 of Rs.1.11 million over and above the liability mentioned above and the same is still continuing in books as on reporting date .
38. Leases
Company as a lessee
Right of use of assets acquired during the business combination is amounting to Rs. INR 94.47 million. Refer note 7
below:
Entered into an agreement with Shree Durga Crane Company to obtain services of three reach stacker machines for handling of containers at
Company’s CFS. The said agreement was for the period of 3 years from 16 October 2018 which is expired during the year under consideration.
Company entered into additional new agreement with Total Logistics Private Limited for one stacker machine for the period of 3years from 01
January 2021 which is terminated w.e.f. 01 January 2022 therefore there is NIL ROU and lease liabilities for lease hold equipment at the end of
the year.
Company entered into an agreement with Empezar Logistics Private Limited for 3 years from 18 October 2020 for 5 acres which is further
extended for additional 2 acres from 01 March 2021 which is terminated w.e.f 01 July 2021 therefore there is NIL ROU and lease liabilities for
lease hold land (Emptypark) at the end of the year.
balance sheet.
Textual information (33): Disclosure of employee benefits [Text Block]
. Employee benefits: Post-employment benefit plans

i. Defined contribution plans
The Company makes contributions, determined as a specified percentage of employee salaries, in respect of qualifying employees towards
Provident Fund, which is a defined contribution plan. The Company has no obligations other than to make the specified contributions. The
contributions are charged to the consolidated statement of profit and loss as they accrue. The amount recognised as an expense towards
contribution to Provident Fund for the year aggregated to Rs.6.30 million (previous year: Rs.4.79 million), contribution to National Pension
Scheme for the year aggregated to Rs.0.26 Million (previous year: Rs.0.40 million) and contribution to ESIC for the year aggregated to Rs. 0.04
million (previous year:Rs.0.05 million), contribution to employee superannuation scheme for the year aggregated to Rs.0.25 million (previous
year:Rs.0.28 million), contribution to Employer Employee Insurance Plan for the year aggregated of Rs.4.22 million (previous year: Rs. 3.40
million) which are charged to the consolidated statement of profit and loss.
ii. Defined benefit plans

The Company offers the following employee benefit schemes to its employees:
Gratuity:The gatuity plan entitles an employee, who has rendered atleast five years of continuous service, to receive fifteen days salary for each
year of completed service at the time of retirement/exit. The scheme is funded with Life Insurance Corporation of India and with HDFC life
Insurance Company Ltd.
The following table summarises the position of assets and obligations relating to the plan.
Valuations in respect of Gratuity have been carried out by independent actuary, as at the balance sheet date, based on the following principal
assumptions is shown below:
Particulars on 31 March 2022 31 March 2021
Discount rate 6.40% 6.85%
Rate of increase in compensation levels 10% 10%
Withdrawal rate 20% 5%
Retirement age 60 years 60 years
Mortality table Indian Assured Lives Mortality (2012-14) Indian Assured Lives Mortality (2012-14)
The overall expected rate of return on assets is determined based on the yields on the government bonds on the valuation date applicable to the
period over which the obligation is to be settled. The estimates of future salary increases, considered in actuarial valuation, take account of
inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market.

156
Consolidated Balance Sheet -Details of Provision for gratuity benefits
31 March 2022 31 March 2021
Fair Value of plan assets 4.59 0.86
Net Liability / (Asset) recognised in the consolidated balance Sheet 18.71 16.96
Amount recognised in consolidated balance sheet – current 2.31 2.37
Amount recognised in consolidated balance sheet – non current 16.40 14.59
Change in the present value of the defined benefit obligation are as follows:
31 March 2022 31 March 2021
Opening defined benefit obligation 17.82 17.86
Interest cost 1.31 1.17
Due to change in demographic assumption (0.75) -
Actuarial loss / (gain) on obligation due to change in financial assumptions (0.05) -
(1.38) (1.32)
Actuarial (gain) / loss on obligation due to experience adjustments
Past Service Cost
- -
*Closing defined benefit obligation 23.30 17.82
* During the previous year, in view of the expected introduction of labour security code, management had provided for additional liability in FY
2020-21of Rs.4.12 million over and above the charge mentioned above and the same is still continuing in books as on reporting date .
**During the year the company has withdrawn Rs. 0.02 million from the fund and which is unpaid as on reporting date.
Change in fair value of plan assets
31 March 2022 31 March 2021
Fair value of plan assets beginning of the year 0.87 2.47
Interest Income 0.30 0.21
Return on plan assets excluding amounts included in interest income (0.01) 0.01
Contributions by employer 1.36 0.42
Fair value of plan assets end of the year 4.59 0.87

Consolidated statement of profit and loss
Net employee benefit expense
31 March 2022 31 March 2021
157
Past service cost - -
Net Interest cost 1.01 0.97

Additional provision on account of Security Code - 4.12
*Total charge to consolidated statement of profit and loss 3.17 7.46
Other comprehensive income
31 March 2022 31 March 2021
Amounts recognized in Other comprehensive income
Due to Change in financial assumptions (0.80) (0.00)
Due to change in demographic assumption (0.00) (0.00)
Due to experience adjustments (1.37) (1.32)
Return on plan assets excluding amounts included in interest income 0.01 (0.01)
Amounts recognized in Other comprehensive income (2.17) (1.33)
Composition of the plan assets
Particualr March 31, 2022 March 31, 2021
Funds managed by insurers - With Life Insurance Corporation of India (LIC) and HDFC
100% 100%
life Insurance Company Ltd under the Group Gratuity Cash Accumulation Scheme.
Assets liability matching strategy

The funds contributed by the Company to the scheme to finance the liability of the gratuity plan is invested by the investment management
company in permissible assets.
However there is no compulsion on the part of the company to fully pre fund the liability of he plan. The Company’s philosophy is to fund the
benefits based on its own liquidity and tax position as well as level of under funding of the plan.

Sensitivity Analysis
The significant actuarial assumption for the determination of defined benefit obligation in respect of gratuity plan is the discount rate. The
calculation of the net defined benefit obligation is sensitive to this assumption. The following table summarises the effects of changes in this
actuarial assumption on the defined benefit obligation:
Discount rate
Changes in discount rate +0.5% -0.5% +0.5% -0.5%
(Decrease)/ increase in defined benefit obligation (1.06) 1.15 (0.97) 1.08
Increment rate
Changes in salary growth rate +0.5% -0.5% +0.5% -0.5%
(Decrease)/ increase in defined benefit obligation 1.11 (1.04) 1.04 (0.94)
Attrition rate
158
Changes in withdrawal rate (W.R) +10% -10% +10% -10%
Increase/(Decrease) in defined benefit obligation (0.16) 0.17 (0.10) 0.12
iii. Compensated absences disclosure in respect of other long term employee benefits.
The Company provides for the encashment of accumulated leave subject to a maximum of 60 days. The liability is provided based on the number
of days of unutilised leave at each balance sheet date on the basis of an independent acturial valuation. Acturail gain of of Rs 0.34 million
(Previous year: loss of Rs 0.11 million ) has been recognised in the consolidated statement of Profit and Loss. The scheme is funded with Life
Insurance Corporation of India and HDFC life Insurance Company Ltd.
Amount recognised in the Consolidated balance sheet
Particulars Funded Funded
31 March 2022 31 March 2021
Fair Value of Plan Assets 3.14 0.80
Net Liability / (Asset) recognised in the Balance Sheet (current) 7.24 8.33

*During the previous year the company expected introduction of labour security code, management has provided additional liability in FY
2021-22 of Rs.1.11 million over and above the liability mentioned above and the same is still continuing in books as on reporting date .
38. Leases
Company as a lessee
Right of use of assets acquired during the business combination is amounting to Rs. INR 94.47 million. Refer note 7
below:
Entered into an agreement with Shree Durga Crane Company to obtain services of three reach stacker machines for handling of containers at
Company’s CFS. The said agreement was for the period of 3 years from 16 October 2018 which is expired during the year under consideration.
Company entered into additional new agreement with Total Logistics Private Limited for one stacker machine for the period of 3years from 01
January 2021 which is terminated w.e.f. 01 January 2022 therefore there is NIL ROU and lease liabilities for lease hold equipment at the end of
the year.
Company entered into an agreement with Empezar Logistics Private Limited for 3 years from 18 October 2020 for 5 acres which is further
extended for additional 2 acres from 01 March 2021 which is terminated w.e.f 01 July 2021 therefore there is NIL ROU and lease liabilities for
lease hold land (Emptypark) at the end of the year.
balance sheet.
Textual information (34): Description of type of plan
Particulars Gratuity (Funded) 31 March 2018 31 March 2017 Fair value of plan assets beginning of the year 3,119 2,912 Interest Income 251 257
Return on plan assets excluding amounts included in interest income (72) (81) Contributions - 31 Benefits paid (957) - Fair value of plan assets
end of the year 2,341 3,119
Textual information (35): Description of type of plan
Particulars Gratuity (Funded) 31 March 2018 31 March 2017 Fair value of plan assets beginning of the year 3,119 2,912 Interest Income 251 257
Return on plan assets excluding amounts included in interest income (72) (81) Contributions - 31 Benefits paid (957) - Fair value of plan assets
end of the year 2,341 3,119
159
[612700] Notes - Income taxes

Major components of tax expense (income) [Abstract]
Current tax expense (income) and adjustments for current tax of prior periods [Abstract]
Total current tax expense (income) and adjustments for current tax of prior periods 0 0
Total tax expense (income) 0 0
Current and deferred tax relating to items charged or credited directly to equity [Abstract]
Total aggregate current and deferred tax relating to items credited (charged) directly to equity 0 0
Income tax relating to components of other comprehensive income [Abstract]
Total aggregated income tax relating to components of other comprehensive income 0 0
Aggregated income tax relating to share of other comprehensive income of associates and joint ventures
accounted for using equity method 0 0
Reconciliation of accounting profit multiplied by applicable tax rates [Abstract]
Total tax expense (income) 0 0
Reconciliation of average effective tax rate and applicable tax rate [Abstract]
Total average effective tax rate 0% 0%
Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(1)

Temporary difference, unused tax losses and unused tax credits
Temporary difference, unused tax losses and unused tax credits [Axis] [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused tax losses and unused tax credits [Line
items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 1,051,173,310.00 1,119,400,507.00 1,224,316,340.00
Deferred tax liabilities 0 0
Net deferred tax liability (assets) -1,051,173,310.00 -1,119,400,507.00 -1,224,316,340.00
Net deferred tax assets and liabilities [Abstract]
Net deferred tax assets 1,051,173,310.00 1,119,400,507.00
Deferred tax expense (income) [Abstract]
Deferred tax expense (income) recognised in profit or loss 68,227,197.00 104,915,833.00
Reconciliation of changes in deferred tax liability (assets) [Abstract]
Changes in deferred tax liability (assets) [Abstract]
Total increase (decrease) in deferred tax liability (assets) 68,227,197.00 104,915,833.00
Deferred tax liability (assets) at end of period -1,051,173,310.00 -1,119,400,507.00 -1,224,316,340.00
Description of other temporary differences

Temporary difference, unused tax losses and unused tax credits [Axis] Temporary differences [Member]
items]
160

Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences [Member]
items]

Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences 1 [Member]
items]
Deferred tax is Deferred tax is
created only in created only in
respect of those respect of those
timing differences timing differences
which have which have
originated in the originated in the
current year and current year and
are reversing after are reversing after
tax holiday tax holiday
period. Deferred period. Deferred
Tax Assets Tax Assets
Description of other temporary differences Increased. Increased.
161
[612800] Notes - Borrowing costs

Whether any borrowing costs has been capitalised during the year No No
Borrowing costs [Abstract]
Borrowing costs capitalised 0 0
Total borrowing costs incurred 0 0
Interest costs [Abstract]
Interest costs capitalised 0 0
Interest expense 0 0
Total interest costs incurred 0 0
Capitalisation rate of borrowing costs eligible for capitalisation 0% 0%
162
[612900] Notes - Insurance contracts

Whether there are any insurance contracts as per Ind AS 104 No No
Deferred acquisition costs arising from insurance contracts 0 0
Liabilities under insurance contracts and reinsurance contracts issued [Abstract]
Total liabilities under insurance contracts and reinsurance contracts issued 0 0
Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued [Abstract]
Changes in liabilities under insurance contracts and reinsurance contracts issued [Abstract]
Total increase (decrease) in liabilities under insurance contracts and reinsurance contracts issued 0 0
Liabilities under insurance contracts and reinsurance contracts issued at end of period 0 0
Reconciliation of changes in deferred acquisition costs arising from insurance contracts [Abstract]
Changes in deferred acquisition costs arising from insurance contracts [Abstract]
Total increase (decrease) in deferred acquisition costs arising from insurance contracts 0 0
Deferred acquisition costs arising from insurance contracts at end of period 0 0
Reconciliation of changes in reinsurance assets [Abstract]
Changes in reinsurance assets [Abstract]
Total increase (decrease) in reinsurance assets 0 0
Reinsurance assets at end of period 0 0
163
[613000] Notes - Earnings per share

Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations 68.92 257.00
Total basic earnings (loss) per share 68.92 257.00
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations 68.92 257.00
Total diluted earnings (loss) per share 68.92 257.00
Profit (loss), attributable to ordinary equity holders of parent entity [Abstract]
Profit (loss), attributable to ordinary equity holders of parent entity 0 0
Profit (loss), attributable to ordinary equity holders of parent entity including dilutive effects 0 0
Weighted average shares and adjusted weighted average shares [Abstract]
Weighted average number of ordinary shares outstanding [shares] 0 [shares] 0
Adjusted weighted average shares [shares] 0 [shares] 0
164
[613100] Notes - Effects of changes in foreign exchange rates

Whether there is any change in functional currency during the year No No
Description of presentation currency INR
165
[613200] Notes - Cash flow statement

Cash and cash equivalents if different from balance Sheet [Abstract]
Cash and cash equivalents cash flow statement 345,453,000.00 313,790,179.00 17,562,386.99
Cash and cash equivalents 345,453,000.00 313,790,179.00
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 143,623,874.00 175,575,440.00
Total income taxes paid (refund) 143,623,874.00 175,575,440.00
166
[613300] Notes - Operating segments

Whether there are any reportable segments No No
Whether there are any major customers No No
167
[700100] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)

Key managerial personnels and directors [Axis] 1 2 3 4
Period FY 2023
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors [Line
Items]
ASHISH DHURVENDRA
DHURVENDRA PRAKASH Yong Khiam
Name of key managerial personnel or director GOEL GOEL Cheng Gobu Selliaya
Director identification number of key managerial personnel or
director 00147449 00361365 07289004 09565592
Date of birth of key managerial personnel or director 28/07/1973 01/02/1949 20/02/1973 29/12/1973
Other Non Other Non Other Non Other Non
Executive Executive Executive Executive
Designation of key managerial personnel or director Director Director Director Director
BA in Marketing
Qualification of key managerial personnel or director & Economics H.S.C. Management Management
Shares held by key managerial personnel or director [shares] 0 [shares] 0 [shares] 0 [shares] 0
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director
[Abstract]
Gross salary to key managerial personnel or director 0 0 0 0
Total key managerial personnel or director remuneration 0 0 0 0
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(2)

Key managerial personnels and directors [Axis] 5
Period FY 2023
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Abstract]
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Line Items]
Name of key managerial personnel or director Lau Lee Leng
Director identification number of key managerial personnel or director 09727635
Date of birth of key managerial personnel or director 10/11/1977
Other Non
Executive
Designation of key managerial personnel or director Director
Qualification of key managerial personnel or director Management
Shares held by key managerial personnel or director [shares] 0
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Gross salary to key managerial personnel or director 0
Total key managerial personnel or director remuneration 0
168
[700200] Notes - Corporate social responsibility

Period FY 2023
Whether provisions of corporate social responsibility are applicable on company Yes
Disclosure of CSR policy [Abstract]
Whether company has written CSR policy Yes
Textual
Details CSR policy [Text Block] Information (36)
https://india.globa
Disclosure web link of company at which CSR policy is placed lpsa.com/ameya/
https://india.globa
Disclosure web link projects or programs undertaken CSR policy lpsa.com/ameya/
Disclosure of CSR spending [Abstract]
Average net profit for last three financial years 1,117,848,196.00
Prescribed CSR expenditure 22,356,963.92
Details of CSR spent during financial year [Abstract]
Amount CSR to be spent for financial year 22,356,963.92
Amount CSR spent for financial year 22,356,964.00
Amount spent in local area 22,356,964.00
Amount spent during year [Abstract]
Total amount spent on construction/acquisition of any asset 0
Total amount spent on purposes other than construction/acquisition of any asset 0
Details of implementing agency NA
The
implementation
and monitoring of
Corporate Social
Responsibility
(CSR) Policy, is
in compliance
with CSR
objectives and
Disclosure responsibility statement of CSR committee that implementation and monitoring of CSR policy is in compliance with CSR policy of the
policy of company Company
Disclosure of net profits for last three financial years [Table]

Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis] [Member] [Member] [Member]
Period FY 2023
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [Line Items]
Description of financial year 2021-22 2020-21 2019-20
Profit before tax of financial year 1,731,546,985.00 1,301,259,329.00 732,632,967.00
Net profit computed u/s 198 and adjusted as per rule 2(1)(f) of Companies (CSR
Policy) Rules, 2014 1,205,736,137.00 1,275,785,352.00 872,023,099.00
Classification of CSR spending [Table] ..(1)

Classification of CSR spending [Axis] 1 2 3 4
Period FY 2023
Manner in which amount CSR spent during financial year
[Abstract]
Manner in which amount CSR spent during financial year [Line
items]
Centre for
Transforming Khaana Chahiye Jai Vakeel
CSR project or activity identified Light of Life Trust India Foundation Foundation
Poverty, hunger,
Sector in which project is covered Education Education malnutrition Special education
Name of state or union territory where projects or programs
was undertaken Maharashtra Maharashtra Maharashtra Maharashtra
Name of district where projects or programs was undertaken Raigad Raigad Mumbai Mumbai
Budget amount outlay project or program wise 1,050,000.00 3,405,100.00 1,860,000.00 550,000.00
Amount spent on projects or programs [Abstract]
Total amount spent on projects or programs 0 0 0 0
169
Other Other Other Other

implementing implementing implementing implementing
Mode of amount spent agencies agencies agencies agencies

Classification of CSR spending [Axis] 5 6 7 8
Period FY 2023
Manner in which amount CSR spent during financial year
[Abstract]
Manner in which amount CSR spent during financial year [Line
items]
Assistant Director
Dr. Nandkumar Health Services
Maruti Jadhav National Vector
Foundation’s Borne Diseases
Intellectual Control
Disable Special Programme Arpan
School, New (ADHSNVBDCP) Mother Cares Thalassemia
CSR project or activity identified Panvel - Mumbai, Trust Hospital Society
Sector in which project is covered Special education Health care Health care Health care
Name of state or union territory where projects or programs
was undertaken Maharashtra Maharashtra Rajasthan Maharashtra
Name of district where projects or programs was undertaken Raigad Raigad Bikaner Mumbai
Budget amount outlay project or program wise 86,500.00 1,000,000.00 100,000.00 2,010,713.00
Total amount spent on projects or programs 0 0 0 0
Other Other Other
implementing implementing Directly by implementing
Mode of amount spent agencies agencies company agencies

Classification of CSR spending [Axis] 9 10 11
Period FY 2023
Manner in which amount CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [Line items]
Prime Minister's
Ramkrishna Seva Mount Carmel National Relief
CSR project or activity identified Mandal Trust High School Fund
Prime Minister's
National Relief
Sector in which project is covered Education Education Fund
Name of state or union territory where projects or programs was undertaken Gujarat Gujarat All India
Name of district where projects or programs was undertaken Kutch Gandhidham All India
Budget amount outlay project or program wise 2,017,172.00 106,460.00 10,171,019.00
Total amount spent on projects or programs 0 0 0
Other
implementing Directly by Directly by
Mode of amount spent agencies company company
Textual information (36): Details CSR policy [Text Block]
DI. AIMS AND OBJECTIVES

The Company intends to make a positive difference to society and contribute its share towards the betterment of society and areas in which the
Company operates. The Company aims to create educated, healthy, sustainable and culturally vibrant communities and to contribute as a
company to various charitable causes and participate in ways that touch peoples’ lives in these communities.
In this regard, the Company has made this policy encompassing the Company’s philosophy for delineating its responsibility as a corporate citizen
and laying down the guidelines and mechanisms for undertaking socially useful programs for welfare and sustainable development of the
community at large, as per the Companies Act, 2013 and rules made there under.
This policy has been formulated and recommended by the CSR Committee and adopted by the Board of Directors at its meeting held on
September 23, 2014 for the first time and then renewed from time to time. The Board may, upon recommendation of the CSR Committee, amend
or modify this CSR Policy as and when necessary.
II. DEFINITIONS
? Act means Companies Act, 2013, as amended and modified from time to time
170
? Areas of Interest means the areas of interest as identified by The Company for implementing CSR goals and shall include the areas specified
in Clause (B)(2) of this CSR Policy and shall include all CSR Activities as defined under the Act and CSR Rules from time to time
? Board means Board of Directors of the Company
? Company means Ameya Logistics Private Limited.
? Corporate Social Responsibility (CSR) means and includes but is not limited to:
1) Projects or programs relating to activities in areas as specified in Schedule VII to the Companies Act, 2013; or
2) Projects or programs relating to activities undertaken by the Board of Directors of the Company in pursuance of the recommendation of the
CSR Committee and approved by the Board as per this policy.
? CSR Committee means Corporate Social Responsibility Committee constituted by the Board pursuant to section 135 of the Companies Act,
2013.
? CSR Activities shall mean the specific activities listed in the Annexure that various Organizations shall engage in which shall be funded by The
Company in accordance with the Act and CSR Rules;
? CSR Commitment shall mean at least 2% of the average net profits of The Company made during the three immediately preceding financial
years as described in Clause (F) of this CSR Policy for conducting its CSR activities in accordance with the Act and CSR Rules;
? CSR Policy means CSR Policy of The Company (Ameya Logistics Private Limited);
? CSR Proposals shall have the meaning ascribed to the term in Clause (G)(3) of this CSR Policy which shall be in accordance with the Act and
CSR Rules;
? CSR Rules means the Companies (Corporate Social Responsibility) Rules, 2014, as amended and modified from time to time;
? Employees means Employees of The Company;
? Funding shall mean the disbursements that are to be made to an Organization pursuant to this CSR Policy, with the prior approval of the CSR
Committee and the Board in accordance with the Act and Rules;
? Organizations means such Organizations including NGOs as are permitted to receive Funding in accordance with the Act and CSR Rules;
? Net Profit means the net profit of the Company as per its financial statement prepared in accordance with the applicable provisions of the
Companies Act, 2013, but shall not include the followings:
1) Any profit arising from any overseas branch or branches of the Company, whether operated as a separate company or otherwise,
2) Any dividend received from other companies in India, which are covered under and complying with the provisions of section 135 of the
Companies Act, 2013.
Words and expressions used in this policy and not defined herein but defined under the Companies Act, 2013 shall have the same meanings
respectively assigned to them.
III. PURPOSE
This CSR Policy establishes the scope, CSR goals of The Company and Funding approval process. This CSR Policy shall operate as the
corporate responsibility policy of The Company for the purposes of Section 135 of the Act and CSR Rules.
IV. CONSTITUTION, COMPOSITION AND SCOPE OF CORPORATE SOCIAL RESPONSIBILITY COMMITTEE (CSR COMMITTEE)
(a) Constitution and composition of the CSR Committee:
The CSR initiatives/activities of the Company will be identified and initiated by the CSR Committee comprising 3 (three) Members of the Board.
Subject to the requirements of the Act, the Board may increase or decrease the size of the CSR Committee by passing a resolution.
The members of the CSR Committee shall elect one of them as the Chairman of the Committee. The CSR Committee shall recommend to the
Board the amount of expenditure to be incurred by the Company on CSR activities and the Board will ensure that the activities as are included in
the CSR Policy are undertaken by the Company subject to and in accordance with the provisions of section 135 of the Companies Act, 2013.
The current members of the CSR Committee are available on website of the Company https://www.ameyalogistics.com/
(b) Invitees to the CSR Committee:
The CSR Committee may, at its discretion, invite employees of The Company from time to time to participate in the meetings of the CSR
Committee and assist the CSR Committee in the implementation of the CSR Policy. Invitees to the CSR Committee meetings shall be entitled to
participate in the deliberations of the CSR Committee but will not be entitled to vote at the meetings of the CSR Committee.
(c) Scope of the CSR Committee:
The CSR Committee has been set up to:-

? Formulate and recommend to the Board CSR Policy which shall indicate the activities to be undertaken by the Company in areas or subject,
171
specified in the Schedule VII to the Act

? Recommend the amount of expenditure to be incurred on the activities referred to in the CSR Policy
? Monitor the CSR Policy from time to time
(d) Modalities of execution of the CSR Projects:
The modalities of the execution of the CSR projects or programs and their implementation along with the monitoring process of such projects or
programs will be as decided by the CSR Committee.
(e) Decisions by the CSR Committee:
? The CSR Committee shall at all the time act in a manner that is consistent with the provisions contained in this CSR Policy, the Act, CSR Rules
and amendments from time to time.
? The CSR Committee shall endeavor to arrive at all decisions by a consensus of all Members. However, in the event the CSR Committee is
unable to arrive at such a consensus, the Chairman of the Committee may make the final decision.
? All decisions of the Committee shall be ratified by the Board.
(f) Meeting of the CSR Committees
? The CSR Committee shall meet as frequently as it determines necessary but at least twice annually.
? The CSR Committee shall maintain minutes of each of its meetings.
? The CSR Committee shall review proposed projects and make recommendations to the Board for approval of such projects and allocation of
Funding in accordance with the CSR Committee charter.
? The final decision with regards to the acceptance or rejection of a CSR Proposal shall be with the Board.
(g) Noting of CSR expenditure

In case the CSR expenditure is made as per recommendation given by the CSR Committee Members but not taken in CSR Committee Meeting,
the Board of Directors shall approve the CSR expenditure to be made, as per recommendations received by CSR Committee Members.
In the CSR Committee Meeting thereafter, noting shall be taken for the expenditure made.
V. CORPORATE SOCIAL RESPONSIBILITY ACTIVITIES (Areas of interest)
The Company shall upon the recommendation of its CSR Committee and with necessary approval of the Board, can undertake any of the
following activities, as part of its corporate social responsibility initiatives, in areas and subject specified in Schedule VII of the Companies Act
2013;
(a) Areas of Interest:
(i) Eradicating hunger, poverty and malnutrition, ‘promoting health care including preventive health care’ and sanitation including contribution to
the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water.;
(ii) Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and
the differently abled and livelihood enhancement projects;
(iii) Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care
centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;
(iv) Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural
resources and maintaining quality of soil, air and water including contribution to the Clean Ganga Fund set-up by the Central Government for
rejuvenation of river Ganga;
(v) Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up
public libraries; promotion and development of traditional art and handicrafts;
(vi) Measures for the benefit of armed forces veterans, war widows and their dependents;
(vii) Training to promote rural sports, nationally recognised sports, paralympic sports and Olympic sports;
(viii) Contribution to the Prime Minister's national relief fund or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM
CARES Fund) or any other fund set up by the central govt. for socio economic development and relief and welfare of the schedule caste, tribes,
other backward classes, minorities and women;
(ix) Contribution to incubators funded by Central Government or State Government or any agency or Public Sector Undertaking of Central
Government or State Government, and contributions to public funded Universities, Indian Institute of Technology (IITs), National Laboratories
and Autonomous Bodies (established under the auspices of Indian Council of Agricultural Research (ICAR), Indian Council of Medical Research
(ICMR), Council of Scientific and Industrial Research (CSIR), Department of Atomic Energy (DAE), Defence Research and Development
Organisation (DRDO), Department of Biotechnology (DBT), Department of Science and Technology (DST), Ministry of Electronics and
Information Technology) engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable
Development Goals (SDGs).
(x) Rural development projects

(xi) Slum area development.
(xii) Disaster management, including relief, rehabilitation and reconstruction activities.
CSR activities approved by the CSR Committee through a company established under section 8 of the Act or a registered trust or a registered
society or through a company established by the Central Government or State Government or any entity established under an Act of Parliament
or a State legislature (Companies (Corporate Social Responsibility Policy) Amendment Rules, 2016 notified through notification dated 23rd May,
2016).
(b) The Company may update the above list as per Section 135 and Schedule VII of the Act as amended from time to time.
(c) The Company focuses its philanthropy primarily in geographic regions of India where the Company has a business presence. However, the
Company may contribute to causes in other parts of India, if the CSR Committee is of the opinion that such contribution is appropriate.
172
(d) The Company will publish the list of specific projects / programs it plans to undertake for any financial year, and the modalities of execution,
including implementation plan will be published as an Annexure to this policy from time to time.
Keeping in the view of the spread of novel Corona Virus (COVID-19) in India, its declaration as pandemic by the World Health Organization
(WHO), and the decision of Government of India, to treat this as a notified disaster, notification has been issued dated 23rd March, 2020, to
include the CSR spending for COVID-19 under CSR activities.
VI. IMPLEMENTATION AND RESOURCES FOR THE CSR ACTIVITIES
CSR activities can be implemented in the following manner:
(1) The CSR activities shall be undertaken by the Company, as projects or programs or activities (either new or ongoing), excluding activities
undertaken in pursuance of its normal course of business.
(2) The Board of a company may decide to undertake its CSR activities approved by the CSR Committee, through
(a) A company established under section 8 of the Act or a registered trust or a registered society, established by the company, either singly or
alongwith any other company, or
(b) A Company established under section 8 of the Act or a registered trust or a registered society, established by the Central Government or
State Government or any entity established under an Act of Parliament or a State legislature .
(3) A Company may also collaborate with other companies for undertaking projects or programs or CSR activities in such a manner that the CSR
Committees of respective companies are in a position to report separately on such projects or programs in accordance with these rules.
(4) Subject to provisions of sub-section (5) of section 135 of the Act, the CSR projects or programs or activities undertaken in India only shall
amount to CSR Expenditure.
(5) The CSR projects or programs or activities that benefit only the employees of the company and their families shall not be considered as CSR
activities in accordance with section 135 of the Act.
(6) Companies may build CSR capacities of their own personnel as well as those of their Implementing agencies through Institutions with
established track records of at least three financial years but such expenditure including expenditure on administrative overheads, shall not
exceed five percent of total CSR expenditure of the company in one financial year.
(7) Contribution of any amount directly or indirectly to any political party under section 182 of the Act, shall not be considered as CSR activity.
The CSR Commitment shall comprise of the following:
a) The Board shall ensure that the Company spends, in every financial year, at least two per cent. of the average net profits of the Company
made during the three immediately preceding financial years
b) That the Company shall give preference to the local area and areas around it where it operates, for spending the amount earmarked for
Corporate Social Responsibility activities
c) If the Company fails to spend such amount, the Board shall, in its report made under clause (o) of sub-section (3) of section 134, specify the
reasons for not spending the amount and, unless the unspent amount relates to any ongoing project), transfer such unspent amount to a Fund
specified in Schedule VII, within a period of six months of the expiry of the financial year.
d) For the purposes of this section "net profit" shall not include such sums as may be prescribed, and shall be calculated in accordance with the
provisions of section 198.
e) Any amount remaining unspent, pursuant to any ongoing project, fulfilling such conditions as may be prescribed, undertaken by a company in
pursuance of its Corporate Social Responsibility Policy, shall be transferred by the company within a period of thirty days from the end of the
financial year to a special account to be opened by the company in that behalf for that financial year in any scheduled bank to be called the
Unspent Corporate Social Responsibility Account, and such amount shall be spent by the company in pursuance of its obligation towards the
Corporate Social Responsibility Policy within a period of three financial years from the date of such transfer, failing which, the company shall
transfer the same to a Fund specified in Schedule VII, within a period of thirty days from the date of completion of the third financial year.
? Identification of CSR Proposals : The CSR Committee may identify and receive CSR project proposals from an Organization in line with Areas
of Interest as set out herein provided:
CSR proposals received from an Organization shall include the following:
(i) Information about the Organization and projects that they have undertaken in the past three years;
(ii) Proven track record of the organization for the past 3 (three) years in the area of project activity that it has been nominated for;
(iii) Information of the project and the activities that the Organization proposes to undertake in relation to which Funding is sought from the
Company;
(iv) Contain detailed budget indicating various heads under which expenditure is proposed to be made and the quantum of such expenditure;
(v) The impact of the activities that are proposed to be conducted;
(vi) Any other information that may be material for the Company to make an informed decision on supporting the project. Such information may
include but is not limited to relationships that the Organization (directors, employees, etc.) may have with any Employee of the Company;
(vii) Proof of registration under the Foreign Contribution (Regulation) Act, 2010;
(viii) A completed Funding Request Form of the Company.
173
? Upon receipt of Proposals, the CSR Committee shall conduct appropriate due diligence of the CSR Proposal and the Organization either
directly or through external organizations and/ or entities to ensure alignment with this CSR Policy and to ascertain the following:
(i) Relevance of the CSR Proposal to the Areas of Interest.

(ii) Appropriateness of project financials, the budget and timelines;
(iii) Impact on targeted beneficiaries;
(iv) Is the CSR activity permitted under the Act and Rules;
(v) Assessing whether the proposal is purely philanthropic;
? Has no direct or indirect benefit to The Company or its employees; has no conflicts of interest or self-dealing exist;
? Has no political or religious affiliation;
? Has no activity that is inconsistent with The Company’s non-discrimination policies; and
? Upholds requirements under the Foreign Corrupt Practices Act, 1977 (15U.S.C. § 78dd-1, et seq.).
? Approval Process:
(a) Upon receipt of the CSR proposal, the CSR Committee shall evaluate the same in accordance with this policy.
(b) The CSR Committee may take such time as it deems necessary to deliberate and come to a conclusion regarding a CSR Proposal. The CSR
Committee may, approve or decline a CSR Proposal.
(c) All Funding to Organizations must be approved in advance by the CSR Committee and the Board and such approval shall be obtained prior to
making any commitment to the Organization in this regard.
? Post Approval Process
(a) Subsequent to the approval of the CSR Proposal by the Board, The Company and the Organization shall enter into appropriate
documentation regarding the terms of the Funding and the manner in which such Funding shall be disbursed by The Company. Such
documentation shall be in a form and substance that is acceptable to the CSR Committee and the Board.
? OUR APPROACH TO IMPLEMENTATION:

We will strive to implement the CSR activities on our own to the extent possible. However, the principle implementer of our CSR activities would
include:
? Contribution to various funds which are aligned with our Vision and Mission e.g.
? Prime Minister's National Relief Fund or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)
? Any other fund set up by the Central Government for :
Socio-economic development and relief.
For the welfare of Scheduled Castes, the Scheduled Tribes, other Backward classes, minorities and women.
? Our Approach shall mostly cover activities which are included in the Schedule VII of the Companies Act, 2013 or any activity which the
Committee recommends.
VII. MONITORING MECHANISM

(1) Organizations receiving Funding will be required to provide evaluation information on a periodic basis with details on the status of the CSR
Activities, including details concerning the project deliveries, costs incurred, and in a manner prescribed by the Company.
(2) A summary of these reports shall be tabled before the meetings of the CSR Committee.
(3) Detailed reports will be available for further perusal of the members of the CSR Committee as required.
(4) The Company reserves the right to suspend payments to an Organization that delays and or fails to provide, to The Company’s satisfaction,
details concerning the use of the Funding.
VIII. REPORTING MECHANISM

The CSR Committee of the Board will annually publish report on the CSR projects as a part of the Director’s report. The report will disclose
information in the format as prescribed by the Section 135 of the Companies Act 2013.
The CFO or the person responsible for financial management shall certify for below points:
? The funds so disbursed have been utilized for the purposes and in the manner as approved by the Board;
? Monitor the implementation of the project with reference to the approved timelines and year- wise allocation;
? Smooth implementation of the project within the overall permissible time period;
The CSR Policy on being approved by the Board shall be displayed on the website of the Company and any modifications carried out from time
to time shall also be updated on the website of the Company respectively.
ANNUAL ACTION PLAN FOR CSR SPENDING:
The Company will follow an annual Action Plan in pursuance of the CSR Policy towards the spending for the Financial Year; this plan will have
174
the structure where the Company is going to spend the CSR funds for the financial year based on the Areas of Interest.
The Board may alter such plan at any time

during the financial year, as per the
recommendation of its CSR Committee, CSR spending Structure Amount to be spent
based on the reasonable justification to
that effect. Sr. no.
PAN India CSR Activities with the group Companies One third of the total CSR Amount for the
1
(PSA Group) Financial year
Activities which are of ongoing nature and has long term One third of the total CSR Amount for the
2
benefits in the local or state level areas Financial year
Activities which require one time spending in the local or

One third of the total CSR Amount for the
3 nearby areas of the Company for the benefit of the local
Financial year
people.
NOTE: All the CSR spending shall be done only in the activities which are related to the ‘Areas of interest’ mentioned in the CSR policy of the
Company or any activity which is allowed under the Companies Act, 2013 or by the Central Government to consider under Corporate Social
Responsibility.
The following shall be done in the manner specified in the CSR Policy:
? The manner of execution of such projects or programs
? The implementation schedules for the projects or programs;
? Monitoring and reporting mechanism for the projects or programs.
175
[700300] Disclosure of general information about company

Disclosure of general information about company [Abstract]
Disclosure of company information [Abstract]
Ameya Logistics
Name of company Private Limited
U63030MH2003P
Corporate identity number TC142331
Permanent account number of entity AAECA4562C
VILLAGE
DHASAKHOSHI,
TALUKA URAN,
POST KHOPTE,
RAIGAD,Mahara
shtra,INDIA,4102
Address of registered office of company 12
Commercial and
Type of industry Industrial
Registration date 23/09/2003
Category/sub-category of company Limited by Shares
Whether company is listed company No
PSA India
Intermodal Pte.
Name of parent entity Ltd.
PSA India
Intermodal Pte.
Name of ultimate parent of group Ltd.
Disclosure of document information [Abstract]
Date of board meeting when final accounts were approved 25/09/2023
Date of start of reporting period 01/04/2022 01/04/2021
Date of end of reporting period 31/03/2023 31/03/2022
Nature of report standalone consolidated Standalone
Financial
Content of report Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Disclosure of other general information [Abstract]
Whether company is maintaining books of account and other relevant books and papers in electronic form Yes
Postal address of place of maintenance of computer servers (storing accounting data) [Abstract]
VILLAGE
DHASAKHOSHI,
TALUKA URAN,
POST KHOPTE,
RAIGAD,Mahara
shtra,INDIA,4102
Complete postal address of place of maintenance of computer servers (storing accounting data) 12
Name of city of place of maintenance of computer servers (storing accounting data) URAN
Name of state/ union territory of place of maintenance of computer servers (storing accounting data) Maharashtra
Pin code of place of maintenance of computer servers (storing accounting data) 410212
Name of district of place of maintenance of computer servers (storing accounting data) RAIGAD
ISO country code of place of maintenance of computer servers (storing accounting data) IND
Name of country of place of maintenance of computer servers (storing accounting data) INDIA
Phone (with STD/ ISD code) of place of maintenance of computer servers (storing accounting data) +91 9152085810
Particulars of service provider [Abstract]
Whether books of account and other books and papers are maintained on cloud No
Disclosure of principal product or services [Table]

Types of principal product or services [Axis] Service -1
Period FY 2023
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [Line Items]
Product or service category (ITC 4 digit) code 9967
Description of product or service category Cargo Handling
Turnover of product or service category 2,279,720,657.00
Highest turnover contributing product or service (ITC 8 digit) code 99672900
176
Ground Rent &

Description of product or service Delivery Charges
Turnover of highest contributing product or service 2,279,720,657.00
177
[700400] Disclosures - Auditors report

Period FY 2023
Textual
Disclosure in auditor’s report explanatory [Text Block] Information (37)
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or contains adverse remarks No
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table]

Auditor's
favourable remark
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] [Member]
Period FY 2023
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Line Items]
(i) (a) The
Company has
maintained proper
records showing
full particulars,
including
quantitative
details and
situation of
property, plant
Disclosure in auditors report relating to fixed assets and equipment.
Textual
Disclosure in auditors report relating to inventories Information (38)
Textual
Disclosure in auditors report relating to loans Information (39)
Textual
Disclosure about loans granted to parties covered under section 189 of companies act Information (40)
Textual
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013 Information (41)
Textual
Disclosure in auditors report relating to deposits accepted Information (42)
(vi)The Central
Government has
not prescribed the
maintenance of
cost records under
section 148(1) of
the Act, for any of
the services
rendered by the
Disclosure in auditors report relating to maintenance of cost records Company.
Disclosure in auditors report relating to statutory dues [Text Block] Data Entered
Textual
Disclosure in auditors report relating to default in repayment of financial dues Information (43)
Textual
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised Information (44)
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees reported during Textual
period Information (45)
(xi) The
provisions of
section 197 read
with Schedule V
to the Act are
applicable only to
public companies.
Accordingly,
paragraph 3(xi) of
the Order is not
applicable to the
Disclosure in auditors report relating to managerial remuneration Company.
178
(xii) In our
opinion and
according to the
information and
explanations
given to us, the
Company is not a
Nidhi company.
Accordingly,
paragraph 3(xii)
of the Order is not
applicable to the
Disclosure in auditors report relating to Nidhi Company Company.
Textual
Disclosure in auditors report relating to transactions with related parties Information (46)
Textual
Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible debentures Information (47)
Textual
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him Information (48)
Textual
Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India Act, 1934 Information (49)
Details regarding auditors [Table]

Auditors [Axis] Statutory Auditor
Period FY 2023
Details regarding auditors [Abstract]
Details regarding auditors [Line Items]
Category of auditor Auditors firm
BSR&
Name of audit firm Associates LLP
JEYUR BHARAT
Name of auditor signing report KUMAR SHAH
116231W/W-1000
Firms registration number of audit firm 24
Membership number of auditor 045754
KPMG LODHA
EXCELUS 1
FLOOR,
APOLLO MILLS
COMPOUND
MUMBAI -
400011, MAHAR
Address of auditors ASHTRA, INDIA
Permanent account number of auditor or auditor's firm AADFB6889R
SRN of form ADT-1 S40021529
Date of signing audit report by auditors 25/09/2023
Date of signing of balance sheet by auditors 25/09/2023
Textual information (37): Disclosure in auditor’s report explanatory [Text Block]
Opinion
To the Members of Ameya Logistics Private Limited Report on the Audit of the Financial Statements
We have audited the financial statements of Ameya Logistics Private Limited (the “Company”) which comprise the balance sheet as at 31 March
2023, and the statement of profit and loss (including other comprehensive income), statement of changes in equity and statement of cash flows
for the year then ended, and notes to the financial statements, including a summary of significant accounting policies and other explanatory
information.
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the
information required by the Companies Act, 2013 (“Act”) in the manner so required and give a true and fair view in conformity with the accounting
principles generally accepted in India, of the state of affairs of the Company as at 31 March 2023, and its profit and other comprehensive income,
changes in equity and its cash flows for the year ended on that date.
Basis for Opinion
under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are
independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the
ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we
179
have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence
we have obtained is sufficient and appropriate to provide a basis for our opinion on the financial statements.
Other Information
included in the Company’s directors' report, but does not include the financial statements and auditor’s report(s) thereon.
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the
other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be
materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we
are required to report that fact. We have nothing to report in this regard.
Management's and Board of Directors' Responsibilities for the Financial Statements
preparation of these financial statements that give a true and fair view of the state of affairs, profit/ loss and other comprehensive income,
changes in equity and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Indian
Accounting Standards (Ind AS) specified under Section 133 of the Act. This responsibility also includes maintenance of adequate accounting
records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and
other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and
prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the
accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true
and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Management and Board of Directors are responsible for assessing the Company’s ability to continue as
a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of
Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement,
whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is
not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can
arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We
also:
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit
procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of
not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances.
Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial
controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the
Management and Board of Directors.
Conclude on the appropriateness of the Management and Board of Directors use of the going concern basis of accounting in preparation of
financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may
cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required
to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our
opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions
may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial
statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant
audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence,
and where applicable, related safeguards.
Report on Other Legal and Regulatory Requirements
180
books.
The balance sheet, the statement of profit and loss (including other comprehensive income), the statement of changes in equity and the
statement of cash flows dealt with by this Report are in agreement with the books of account.
In our opinion, the aforesaid financial statements comply with the Ind AS specified under Section 133 of the Act.
The Company has disclosed the impact of pending litigations as at 31 March 2023 on its financial position in its financial statements - Refer Note
37 to the financial statements.
d (i) The management has represented that, to the best of it's knowledge and belief, other than as disclosed in the Note 42 to the financial
funds) by the Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”), with the understanding, whether
recorded in writing or otherwise, that the Intermediary shall directly or indirectly lend or invest in other persons or entities identified in any manner
whatsoever by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.
The management has represented that, to the best of it's knowledge and belief, other than as disclosed in the Note 47 to the financial
statements, no funds have been received by the Company from any person(s) or entity(ies), including foreign entities (“Funding Parties”), with
the understanding, whether recorded in writing or otherwise, that the Company shall directly or indirectly, lend or invest in other persons or
entities identified in any manner whatsoever by or on behalf of the Funding Parties (“Ultimate Beneficiaries”) or provide any guarantee, security
or the like on behalf of the Ultimate Beneficiaries.
notice that has caused us to believe that the representations under sub-clause (i) and (ii) of Rule 11(e), as provided under (i) and (ii) above,
contain any material misstatement.
The interim dividend declared and paid by the Company during the year and until the date of this audit report is in accordance with Section 123 of
the Act.
As proviso to rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable for the Company only with effect from 1 April 2023, reporting under
Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 is not applicable.
of Section 197 of the Act are not applicable to the Company. The Ministry of Corporate Affairs has not prescribed other details under Section
197(16) of the Act which are required to be commented upon by us.
Jeyur Shah
Partner
Place: Ahmedabad Membership No.: 045754
Date: 25 September 2023 ICAI UDIN:23045754BGRILQ7001
Annexure A to the Independent Auditor’s Report on the Financial Statements of Ameya Logistics Private Limited for the year ended 31 March
2023
(Referred to in paragraph 1 under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date)
(i) (a) (A) The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and
Equipment.
(B) The Company has maintained proper records showing full particulars of intangible assets.
(b) According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company
has a regular programme of physical verification of its Property, Plant and Equipment by which all property, plant and equipment are verified
every year. In accordance with this programme, all property, plant and equipment were verified during the year. In our opinion, this periodicity of
physical verification is reasonable having regard to the size of the Company and the nature of its assets. No discrepancies were noticed on such
verification.
According to the information and explanations given to us and on the basis of our examination of the records of the Company, the title deeds of
immovable properties (other than immovable properties where the Company is the lessee and the lease agreements are duly executed in favour
of the lessee) disclosed in the financial statements are held in the name of the Company.
According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company has
not revalued its Property, Plant and Equipment (including Right of Use assets) or intangible assets or both during the year.
According to the information and explanations given to us and on the basis of our examination of the records of the Company, there are no
proceedings initiated or pending against the Company for holding any benami property under the Prohibition of Benami Property Transactions
Act, 1988 and rules made thereunder.
(a) The Company is a service company, primarily rendering business of providing container freight station facilities and logistics services.
181
Accordingly, it does not hold any physical inventories. Accordingly, clause 3(ii)(a) of the Order is not applicable.
has not been sanctioned any working capital limits in excess of five crore rupees in aggregate from banks and financial institutions on the basis
of security of current assets at any point of time of the year. Accordingly, clause 3(ii)(b) of the Order is not applicable to the Company.
not made any investments, provided guarantee or security or granted any loans or advances in the nature of loans, secured or unsecured, to
companies, firms, limited liability partnerships or any other parties during the year. Accordingly, provisions of clauses 3(iii)(a) to 3(iii)(f) of the
Order are not applicable to the Company.
According to the information and explanations given to us and on the basis of our examination of records of the Company, the Company has
neither made any investments nor has it given loans or provided guarantee or security and therefore the relevant provisions of Sections 185 and
186 of the Companies Act, 2013 (“the Act”) are not applicable to the Company. Accordingly, clause 3(iv) of the Order is not applicable.
The Company has not accepted any deposits or amounts which are deemed to be deposits from the public. Accordingly, clause 3(v) of the Order
is not applicable.
According to the information and explanations given to us, the Central Government has not prescribed the maintenance of cost records under
Section 148(1) of the Act for the products manufactured by it (and/or services provided by it). Accordingly, clause 3(vi) of the Order is not
applicable.
2023 (Continued)
(a) The Company does not have liability in respect of Service tax, Duty of excise, Sales tax and Value added tax during the year since effective 1
July 2017, these statutory dues has been subsumed into GST.
According to the information and explanations given to us and on the basis of our examination of the records of the Company, in our opinion
amounts deducted / accrued in the books of account in respect of undisputed statutory dues including Goods and Service Tax, Provident Fund,
Employees State Insurance, Income-Tax, Duty of Customs or Cess or other statutory dues have generally been regularly deposited with the
appropriate authorities, though there have been slight delays in a few cases of Provident fund, professional tax and tax deducted at source.
According to the information and explanations given to us and on the basis of our examination of the records of the Company, no undisputed
amounts payable in respect of Goods and Service Tax, Provident Fund, Employees State Insurance, Income-Tax, Duty of Customs or Cess or
other statutory dues were in arrears as at 31 March 2023 for a period of more than six months from the date they became payable.
(b) According to the information and explanations given to us and on the basis of our examination of the records of the Company, statutory dues
relating to Goods and Service Tax, Provident Fund, Employees State Insurance, Income-Tax, Duty of Customs or Cess or other statutory dues
which have not been deposited on account of any dispute are as follows:
Amount (Rs. in Period to which the amount

Name of the statute Nature of the dues Forum where dispute is pending
millions) relates
Income Tax Act, 1961 Income tax 132.88 2012-13, The Hon’ble
2014-15 Bombay High
Court
Income Tax Act, 1961 Income Tax 0.05 2012-13, Commissioner
2013-14 of Income Tax
(Appeals)
Goods and Service TAx Goods and 0.06 2015-16 to Office of the
Act 2017 Service 2017-18 Assistant
Tax (upto June Commissioner
2017) of CGST & CX.
not surrendered or disclosed any transactions, previously unrecorded as income in the books of account, in the tax assessments under the
Income Tax Act, 1961 as income during the year.
(a) According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company
did not have any loans or borrowings from any lender during the year. Accordingly, clause 3(ix)(a) of the Order is not applicable to the Company.
not been declared a wilful defaulter by any bank or financial institution or government or government authority.
2023 (Continued)
According to the information and explanations given to us by the management, the Company has not obtained any term loans during the year.
Accordingly, clause 3(ix)(c) of the Order is not applicable.
According to the information and explanations given to us and on an overall examination of the balance sheet of the Company, we report that no
funds raised on short-term basis have been used for long-term purposes by the Company.
The company does not hold any investment in any subsidiaries, associates or joint ventures (as defined under the act) during the year ended 31
March 2023. Accordingly, clause 3(ix)(e) is not applicable.
The company does not hold any investment in any subsidiaries, associates or joint ventures (as defined under the act) during the year ended 31
182
March 2023. Accordingly, clause 3(ix)(f) is not applicable.

(a) The Company has not raised any moneys by way of initial public offer or further public offer (including debt instruments). Accordingly, clause
3(x)(a) of the Order is not applicable.
has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year. Accordingly,
clause 3(x)(b) of the Order is not applicable.
(a) Based on examination of the books and records of the Company and according to the information and explanations given to us, no fraud by
the Company or on the Company has been noticed or reported during the course of the audit.
According to the information and explanations given to us, no report under sub-section (12) of Section 143 of the Act has been filed by the
auditors in Form ADT-4 as prescribed under Rule 13 of the Companies (Audit and Auditors) Rules, 2014 with the Central Government.
Based on the information and explanations provided to us, the Company does not have a vigil mechanism and is not required to have a vigil
mechanism as per the Act or SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
According to the information and explanations given to us, the Company is not a Nidhi Company. Accordingly, clause 3(xii) of the Order is not
applicable.
The Company is a private limited company and accordingly the requirements as stipulated by the provisions of Section 177 of the Act are not
applicable to the Company. In our opinion and according to the information and explanations given to us and on the basis of our examination of
records of the Company, transactions with the related parties are in compliance with Section 188 of the Act where applicable and details of such
transactions have been disclosed in the financial statements as required by the applicable accounting standards.
(a) Based on information and explanations provided to us and our audit procedures, in our opinion, the Company has an internal audit system
commensurate with the size and nature of its business.
(b) We have considered the internal audit reports of the Company issued till date for the period under audit.
In our opinion and according to the information and explanations given to us, the Company has not entered into any non-cash transactions with
its directors or persons connected to its directors and hence, provisions of Section 192 of the Act are not applicable to the Company.
(a) The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934. Accordingly, clause 3(xvi)(a) of the
Order is not applicable.
The Company is not required to be registered under Section 45-IA of the Reserve Bank of India
2023 (Continued)
Act, 1934. Accordingly, clause 3(xvi)(b) of the Order is not applicable.

The Company is not a Core Investment Company (CIC) as defined in the regulations made by the Reserve Bank of India. Accordingly, clause
3(xvi)(c) of the Order is not applicable.
The Company is not part of any group (as per the provisions of the Core Investment Companies (Reserve Bank) Directions, 2016 as amended).
Accordingly, the requirements of clause 3(xvi)(d) are not applicable.
The Company has not incurred cash losses in the current and in the immediately preceding financial year.
There has been no resignation of the statutory auditors during the year. Accordingly, clause 3(xviii) of the Order is not applicable.
According to the information and explanations given to us and on the basis of the financial ratios, ageing and expected dates of realisation of
financial assets and payment of financial liabilities, other information accompanying the financial statements, our knowledge of the Board of
Directors and management plans and based on our examination of the evidence supporting the assumptions, nothing has come to our attention,
which causes us to believe that any material uncertainty exists as on the date of the audit report that the Company is not capable of meeting its
liabilities existing at the date of balance sheet as and when they fall due within a period of one year from the balance sheet date. We, however,
state that this is not an assurance as to the future viability of the Company. We further state that our reporting is based on the facts up to the date
of the audit report and we neither give any guarantee nor any assurance that all liabilities falling due within a period of one year from the balance
sheet date, will get discharged by the Company as and when they fall due.
(a) In our opinion and according to the information and explanations given to us, there is no unspent amount under sub-section (5) of Section 135
of the Act other than towards any ongoing project except for Rs. 10.17 million, the matter has been disclosed in Note No. 32 (ii) of the financial
statements. However, the said amount has been paid subsequent to the year end.
(b) In our opinion and according to the information and explanations given to us, there is no unspent amount under sub-section (5) of Section 135
of the Act pursuant to any ongoing project. Accordingly, clause 3(xx)(b) of the Order is not applicable.

Jeyur Shah
Partner
Annexure B to the Independent Auditor’s Report on the financial statements of Ameya Logistics Private Limited for the year ended 31 March
2023
Report on the internal financial controls with reference to the aforesaid financial statements under Clause (i) of Sub-section 3 of Section 143 of
the Act
(Referred to in paragraph 2(A)(f) under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date)
183
Opinion
We have audited the internal financial controls with reference to financial statements of Ameya Logistics Private Limited (“the Company”) as of
31 March 2023 in conjunction with our audit of the financial statements of the Company for the year ended on that date.
In our opinion, the Company has, in all material respects, adequate internal financial controls with reference to financial statements and such
internal financial controls were operating effectively as at 31 March 2023, based on the internal financial controls with reference to financial
statements criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of
Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India (the “Guidance Note”).
Management’s and Board of Directors’ Responsibilities for Internal Financial Controls
The Company’s Management and the Board of Directors are responsible for establishing and maintaining internal financial controls based on the
internal financial controls with reference to financial statements criteria established by the Company considering the essential components of
internal control stated in the Guidance Note. These responsibilities include the design, implementation and maintenance of adequate internal
financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to company’s
policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting
records, and the timely preparation of reliable financial information, as required under the Act.
Auditor’s Responsibility
Our responsibility is to express an opinion on the Company’s internal financial controls with reference to financial statements based on our audit.
We conducted our audit in accordance with the Guidance Note and the Standards on Auditing, prescribed under Section 143(10) of the Act, to
the extent applicable to an audit of internal financial controls with reference to financial statements. Those Standards and the Guidance Note
require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal
financial controls with reference to financial statements were established and maintained and if such controls operated effectively in all material
respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls with reference to financial
statements and their operating effectiveness. Our audit of internal financial controls with reference to financial statements included obtaining an
understanding of internal financial controls with reference to financial statements, assessing the risk that a material weakness exists, and testing
and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the
auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s
internal financial controls with reference to financial statements.
Meaning of Internal Financial Controls with Reference to Financial Statements
A company's internal financial controls with reference to financial statements is a process designed to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of financial
Annexure B to the Independent Auditor’s Report on the financial statements of Ameya Logistics Private Limited for the year ended 31 March
2023 (Continued)
statements for external purposes in accordance with generally accepted accounting principles. A company's internal financial controls with
reference to financial statements include those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions
are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that
receipts and expenditures of the company are being made only in accordance with authorisations of management and directors of the company;
and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the company's
assets that could have a material effect on the financial statements.
Inherent Limitations of Internal Financial Controls with Reference to Financial Statements
Because of the inherent limitations of internal financial controls with reference to financial statements, including the possibility of collusion or
improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any
evaluation of the internal financial controls with reference to financial statements to future periods are subject to the risk that the internal financial
controls with reference to financial statements may become inadequate because of changes in conditions, or that the degree of compliance with
the policies or procedures may deteriorate.

Jeyur Shah
Partner
184
Textual information (38): Disclosure in auditors report relating to inventories
(ii) The inventory has been physically verified by the management during the year. There are no discrepancies noticed on verification between
the physical stocks and the book records. However, there was no inventory as at 31 March 2023
Textual information (39): Disclosure in auditors report relating to loans
(iii) According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company
has not granted any loans, secured or unsecured, to companies, firms, limited liability partnerships or other parties covered in the register
maintained under section 189 of the Act. Accordingly, paragraph 3(iii) of the Order is not applicable to the Company.
Textual information (40): Disclosure about loans granted to parties covered under section 189 of companies act
(iii) According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company
has not granted any loans, secured or unsecured, to companies, firms, limited liability partnerships or other parties covered in the register
maintained under section 189 of the Act. Accordingly, paragraph 3(iii) of the Order is not applicable to the Company.
Textual information (41): Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies
Act, 2013
(iv)In our opinion and according to the information and explanations given to us, the Company has not given any loans, or provided any
guarantees or security in accordance with the provisions of section 185 and 186 of the Act. Accordingly, paragraph 3(iv) of the Order is not
applicable to the Company.
Textual information (42): Disclosure in auditors report relating to deposits accepted
(v)In our opinion, and according to the information and explanations given to us, the Company has not accepted deposits as per the directives
issued by the Reserve Bank of India and the provisions of sections 73 to 76 or any other relevant provisions of the Act and the rules framed
thereunder. Accordingly, paragraph 3(v) of the Order is not applicable to the Company.
Textual information (43): Disclosure in auditors report relating to default in repayment of financial dues
(viii) The Company did not have any outstanding loans or borrowings to any financial institution, bank, government or debenture holders during
the year. Accordingly, paragraph 3(viii) of the Order is not applicable to the Company
Textual information (44): Disclosure in auditors report relating to public offer and term loans used for purpose for
which those were raised
(ix) The Company did not raise any money by way of initial public offer or further public offer (including debt instruments) and term loans during
the year. Accordingly, paragraph 3(ix) of the Order is not applicable to the Company.
Textual information (45): Disclosure in auditors report relating to fraud by the company or on the company by its
officers or its employees reported during period
(x) During the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted
auditing practices in India, and according to the information and explanations given to us, we have neither come across any instance of material
fraud by the Company or on the Company by its officers or employees, noticed or reported during the year, nor have we been informed of any
such case by the management.
Textual information (46): Disclosure in auditors report relating to transactions with related parties
(xiii) According to the information and explanations given to us and based on our examination of the records of the Company, transactions with
related parties are in compliance with section 188 of the Act where applicable and details of such transactions have been disclosed in the
standalone financial statements as required by the applicable accounting standards. Further, the Company is not required to constitute an Audit
Committee under section 177 of the Act, and accordingly, to this extent, the paragraph 3(xiii) of the Order is not applicable to the Company
Textual information (47): Disclosure in auditors report relating to preferential allotment or private placement of shares
or convertible debentures
185
(xiv) According to the information and explanations given to us and based on our examination of the records of the Company, the Company has
not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year. Accordingly,
paragraph 3(xiv) of the Order is not applicable to the Company.
Textual information (48): Disclosure in auditors report relating to non-cash transactions with directors or persons
connected with him
(xv) According to the information and explanations given to us and based on our examination of the records of the Company, the Company has
not entered into any non-cash transactions with directors or persons connected with them. Accordingly, paragraph 3(xv) of the Order is not
applicable to the Company.
Textual information (49): Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of
India Act, 1934
(xvi) In our opinion and according to the information and explanations given to us, the Company is not required to be registered under section
45-IA of the Reserve Bank of India Act, 1934. Accordingly, paragraph 3(xvi) of the Order is not applicable to the Company.
186
[700500] Disclosures - Signatories of financial statements

Period FY 2023
Details of signatories of financial statements [Abstract]
Details of company secretary signing financial statements [Abstract]
Name of company secretary NA
Details of directors signing financial statements [Table]

Directors signing financial statements [Axis] 1 2
Period FY 2023
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [Line Items]
Name of director signing financial statements [Abstract]
First name of director ASHISH GOBU
Middle name of director DHURVENDRA
Last name of director GOEL SELLIAYA
Designation of director DIRECTOR DIRECTOR
Director identification number of director 00147449 09565592
Date of signing of financial statements by director 25/09/2023 25/09/2023
187
[700600] Disclosures - Directors report

Period FY 2023
Textual
Disclosure in board of directors report explanatory [Text Block] Information (50)
Textual
Description of state of companies affair Information (51)
Your Company
does not propose
to transfer any
amount to its
reserves, out of
the profits of the
Company for the
year ended March
Disclosure relating to amounts if any which is proposed to carry to any reserves 31, 2023.
Textual
Disclosures relating to amount recommended to be paid as dividend Information (52)
Textual
Details regarding energy conservation Information (53)
Textual
Details regarding technology absorption Information (54)
Details regarding foreign exchange earnings and outgo NA
Textual
Disclosures in director’s responsibility statement Information (55)
No material
changes and
commitments
affecting the
financial position
of the Company
occurred between
the end of the
financial year to
which this
financial
statements relate
and the date of
Details of material changes and commitment occurred during period affecting financial position of company this report
Textual
Particulars of loans guarantee investment under section 186 [Text Block] Information (56)
Textual
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block] Information (57)
Date of board of directors' meeting in which board's report referred to under section 134 was approved 25/09/2023
Textual
Disclosure of extract of annual return as provided under section 92(3) [Text Block] Information (58)
Textual
Disclosure of statement on declaration given by independent directors under section 149(6) [Text Block] Information (59)
Disclosure for companies covered under section 178(1) on directors appointment and remuneration including other matters Textual
provided under section 178(3) [Text Block] Information (60)
Textual
Disclosure of statement on development and implementation of risk management policy [Text Block] Information (61)
Details on policy development and implementation by company on corporate social responsibility initiatives taken during year Textual
[Text Block] Information (62)
Textual
Disclosure of financial summary or highlights [Text Block] Information (63)
Textual
Disclosure of change in nature of business [Text Block] Information (64)
Textual
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block] Information (65)
Disclosure of companies which have become or ceased to be its subsidiaries, joint ventures or associate companies during year Textual
[Text Block] Information (66)
Textual
Details relating to deposits covered under chapter v of companies act [Text Block] Information (67)
Textual
Details of deposits which are not in compliance with requirements of chapter v of act [Text Block] Information (68)
Details of significant and material orders passed by regulators or courts or tribunals impacting going concern status and Textual
company’s operations in future [Text Block] Information (69)
Textual
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block] Information (70)
188
Textual
Disclosure of appointment and remuneration of director or managerial personnel if any, in the financial year [Text Block] Information (71)
Number of meetings of board [INR] 4.00
Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Material contracts/arrangements/transactions at arm's length basis
[Axis] 1 2 3 4
Period FY 2023
Details of material contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material contracts/arrangements/transactions at arm's
length basis [Line Items]
PSA Cargo
Solutions private
Bharat Mumbai limited (Erstwhile
Container BDP UGL Global Sunport Cargo
Sinotrans India Terminals Private Logistics (India) Solutions private
Name of related party Pvt Ltd Limited Private Limited limited)
Private company Private company Private company Private company
in which a in which a in which a in which a
director or director or director or director or
manager or his manager or his manager or his manager or his
relative is a relative is a relative is a relative is a
member or member or member or member or
Nature of related party relationship director director director director
Rendering of Rendering of
Providing services and services and
Description of nature of material Container Freight Receiving of Receiving of Rendering of
contracts/arrangements/transactions with related party Station Services Services Services services
Duration of material contracts/arrangements/transactions with
related party 3 3 3 3
Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(2)

Material contracts/arrangements/transactions at arm's length basis [Axis] 5
Period FY 2023
Details of material contracts/arrangements/transactions at arm's length basis [Abstract]
Details of material contracts/arrangements/transactions at arm's length basis [Line Items]
CMA CGM
Agencies (India)
Name of related party Private Limited
Private company
in which a
director or
manager or his
relative is a
member or
Nature of related party relationship director
Providing CFS
services for Cargo
Description of nature of material contracts/arrangements/transactions with related party & Container
Duration of material contracts/arrangements/transactions with related party 3
Details of principal business activities contributing 10% or more of total turnover of company [Table]
Product/service 1 Product/service 2 Product/service 3
Principal business activities of company [Axis] [Member] [Member] [Member]
Period FY 2023
Details of principal business activities contributing 10% or more of total turnover of
company [Abstract]
Details of principal business activities contributing 10% or more of total turnover of
company [Line Items]
Ground Rent & Storage &
Name of main product/service Cargo Handling Delivery Charges warehousing
Ground Rent & Storage &
Description of main product/service Cargo Handling Delivery Charges warehousing
NIC code of product/service 6301 7010 6302
Percentage to total turnover of company 50% 29% 21%
189
Details of shareholding pattern [Table] ..(1)

Shareholding pattern [Axis] Shareholders [Member] Public shareholding [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Details of shareholding pattern [Abstract]
Details of shareholding pattern [Line Items]
[shares] [shares] [shares] [shares]
Number of demat shares held at end of period 5,999,998.00 5,999,998.00 5,999,998.00 5,999,998.00
Number of physical shares held end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total number of shares held at end of period 5,999,998.00 5,999,998.00 5,999,998.00 5,999,998.00
Percentage of total shares held at end of period 100% 100% 100% 100%
Percentage of change in shares held during year 0% 0%

Shareholding pattern [Axis] Non institutions [Member] Non institutions corporate bodies [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Percentage of total shares held at end of period 100% 100% 58.5% 58.5%

Shareholding pattern [Axis] Overseas corporate bodies [Member] Other non-institutions [Member]
Period FY 2023 FY 2022 FY 2023 FY 2022
Percentage of total shares held at end of period 58.5% 58.5% 41.5% 41.5%
Details of change in promoters’ shareholding [Table]

Promoters [Axis]
Change in shareholding [Axis] Shareholding [Member]
Details of change in promoters’ shareholding [Abstract]
Details of change in promoters’ shareholding [Line Items]
[shares] [shares]
Total number of shares held at end of period 5,999,998.00 5,999,998.00
Percentage of total shares held at end of period 100% 100%
Details of shareholding pattern of top 10 shareholders [Table]

Name of top 10 shareholder [Axis] Name of top 10 shareholder [Member]
Details of shareholding pattern of top 10 shareholders [Abstract]
Details of shareholding pattern of top 10 shareholders [Line Items]
[shares] [shares]
Details of shareholding pattern of directors and key managerial personnel [Table]
190

Directors and key managerial personnel [Axis]
Details of shareholding pattern of directors and key managerial personnel [Abstract]
Details of shareholding pattern of directors and key managerial personnel [Line Items]
[shares] [shares]
Details of directors signing board report [Table]

Directors signing board report [Axis] 1 2
Period FY 2023
Details of signatories of board report [Abstract]
Details of directors signing board report [Line Items]
Name of director signing board report [Abstract]
First name of director ASHISH GOBU
Middle name of director DHURVENDRA
Last name of director GOEL SELLIAYA
Designation of director DIRECTOR DIRECTOR
Director identification number of director 00147449 09565592
Date of signing board report 25/09/2023 25/09/2023
Textual information (50): Disclosure in board of directors report explanatory [Text Block]
BOARDS’ REPORT
To,
The Members of
AMEYA LOGISTICS PRIVATE LIMITED
Your Directors are pleased to present the Eighteenth Annual Report on the business and operations of the Company together with Audited
Financial Statements of the Company on standalone basis, for the year ended March 31 st , 2023.
KEY FINANCIAL HIGHLIGHTS:
Your Company’s performance during the period under review is summarized below:
Amounts
Particulars (Currency : Indian Rupees in Millions)
2022-23 2021-22
Sales & Other Income 3,014.37 3,275.70
Operating Expenses 2,429.95 1,670.92
Profit before Interest, Depreciation and Taxes 922.47 801.62
Interest 0 0
Depreciation and Amortization 338.05 158.77
Profit before Tax 584.44 1,604.78
Provision for Tax/Taxes 170.85 187.37
Profit after Tax 413.57 1,544.20
191
Profit brought forward from Previous Year 4,590.37 3286.17
Amount available for Appropriations 4,585.45 4,830.37
Appropriations:
Interim Dividend
1 st Interim Equity Dividend @ rate of 225% on Equity Share Capital. (i.e., 135 .00 240.00
Rs.22.5/- on Equity Shares of Rs.10 each)
Tax on Interim Dividend 0.00 0.00
Tax on Preference Dividend - -
Transfer to General Reserve - -
Transfer to Capital Redemption Reserve - -
Profit carried to Balance Sheet 4,868.94 4,590.37
REVIEW OF OPERATIONS
During the year under review your Company has reported a total income in Millions of Rs. 3,014.35/- whereas that of previous year was
Rs.3,275.70/- reporting a decrease in Income by 7.98% in the total Income.
OPERATING PERFORMANCE OF COMPANY

Your Company has earned total revenue in millions of Rs.3,014.37/- and earned a net profit of Rs.413.57/- as compared to revenue of
Rs.3,275.70/- and net profit of Rs.1544.20 in previous financial year, representing a decrease in Income by 7.98% in the total Income. Net Profit
of the Company is reduced by 73.22% as compared to previous year. Earnings before interest, tax and depreciation (EBITDA) is Rs.922.47 /- as
compared to Rs.1,763.52/- in previous financial year.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNINGS AND OUTGO:
Energy conservation continues to be an area of high priority for the Company. Constant attention is paid to the cost effective use of energy in all
operation. All equipment are regularly checked and selectively replaced with new energy efficient equipment.
The Company has not incurred any expenditure in foreign currency during the year.
The Company did not earn any foreign exchange during the year.
Considering the nature of business activities being carried out by the Company, the Directors have nothing to report regarding technology
absorption
CHANGES IN THE NATURE OF BUSINESS, IF ANY:
During the year under review, your Company continued to provide Container Freight Station (CFS) facilities and logistics services to its
customers and hence, there was no change in the nature of business or operations of the Company which impacted the financial position of the
Company.
DIVIDEND:
Considering the performance of the Company during the year under review, your Directors declared and paid dividend as mentioned below:
01 st Equity Interim Dividend at the rate of 225.00% (i.e. Rs.22.50/- per Equity Shares of Rs.10 each) for the period from April 01 st , 2022 to
September 30 th , 2022 amounting to Rs.13,50,00,000/-.
REVISION OF FINANCIAL STATEMENT OF THE COMPANY/THE REPORT OF THE BOARD:
The Financial Statement of the Company/Board Report has not been revised during the Financial Year March 31, 2023.
MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY WHICH HAS
OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR OF THE COMPANY TO WHICH THE FINANCIAL STATEMENTS RELATE AND
THE DATE OF THE REPORT:
No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which
this financial statements relate and the date of this report.
DETAILS OF DEPOSITS:
192
Your Company has not accepted any deposits within the meaning of Section 73(1) of the Companies Act, 2013 and the Rules made thereunder.
THE DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING
THE GOING CONCERN STATUS AND COMPANY’S OPERATIONS IN FUTURE:
There were no significant orders passed by any of the Regulators or Courts or Tribunals, which has an impact on the operations of the Company
or affecting the Going Concern status of the Company.
QUALIFICATION GIVEN BY THE AUDITORS:
Statutory Auditors have not given any qualification, reservation or adverse remark or disclaimer in their report.
TRANSFER TO RESERVES:
Your Company does not propose to transfer any amount to its reserves, out of the profits of the Company for the year ended March 31, 2023.
BOARD OF DIRECTORS:
Number of Meetings of the Board of Directors
During the year ended March 31 st , 2023, 4 (Four) Board Meetings were held on the following dates:
The applicable Secretarial Standards were followed by the Company .
Directors to whom leave of

Sr. No. Date of Meeting Venue and Time of Board Meeting Directors Present
absence was granted
Mr. Ashish Goel

Mr. Dhurvendra Goel
1 27/06/2022 Registered Office at 12.00 P.M. Mr. Yong Khiam Cheng
Mr. Anuj Rathi
Mr. Gobu Selliaya
Mr. Ashish Goel

Through Video Conferencing at Mr. Anuj Rathi
2 18/07/2022 Mr. Dhurvendra Goel
04.55 P.M. Mr. Yong Khiam Cheng
Mr. Gobu Selliaya
Mr. Ashish Goel

Mr. Yong Khiam Cheng
3 30/09/2022 Registered Office at 11.00 A.M. Mr. Anuj Rathi
Mr. Dhurvendra Goel
Mr. Gobu Selliaya
Mr. Ashish Goel

Through Video Conferencing at Mr. Lau Lee Leng
4 18/01/2023 Mr. Dhurvendra Goel
12.45 P.M. Mr. Gobu Selliaya
Mr. Yong Khiam Cheng
Directors/Key Managerial Personnel appointed/resigned during the year
The Board of Directors passed the resolution by circulation dated June 07, 2022, accepted the resignation of Mr. Michael Formoso from the
position of Director of the Company with effect from May 26, 2022. The Board of Directors sincerely acknowledges his efforts and place on
record its deep sense of appreciation of valuable contribution made by him.
The Board of Directors passed the resolution by circulation dated June 07, 2022, appointed Mr. Gobu Selliaya as the non-executive Additional
Director of the Company with effect from June 07, 2022. The Board of Directors welcomed him on the Board of the Company. Mr. Gobu Selliaya
was regularised as the Non-executive Director on the Board of the Company from September 30, 2022.
The Board of Directors passed the resolution in the Board Meeting held on September 30, 2022, accepted the resignation of Mr. Anuj Rathi from
the position of Director of the Company with effect from October 01st, 2022. The Board of Directors sincerely acknowledges his efforts and place
on record its deep sense of appreciation of valuable contribution made by him.
The Board of Directors passed the resolution in the Board Meeting held on September 30, 2022, appointed Ms. Lau Lee Leng as the
non-executive Additional Director of the Company with effect from October 01st, 2022. The Board of Directors sincerely acknowledges her efforts
and place on record its deep sense of appreciation of valuable contribution made by him.
COMMITTEES OF THE BOARD:
193
CORPORATE SOCIAL RESPONSIBILITY COMMITTEE:
Your Company has constituted Corporate Social Responsibility Committee and formulated Corporate Social Responsibility (CSR) Policy in
compliance with the provisions of Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy)
Rules, 2014 and Schedule VII of the Companies Act, 2013. The statutory disclosures with respect to the composition of CSR Committee, CSR
Policy, CSR initiatives and programs and amount spent on CSR activities are given in the ‘Directors’ Report on Corporate Social Responsibility of
the Company’ as Annexure I which forms part of this Report. The CSR Policy can be accessed on the website of the Company
(https://india.globalpsa.com/ameya/).
NOMINATION AND REMUNERATION COMMITTEE :
Your Company does not fall within the purview of Section 178 of the Companies Act, 2013.
AUDIT COMMITTEE :
The Board of Directors of your Company has not constituted Audit Committee, as the Company does not fall within the purview of section 177
including related rules of the Companies Act, 2013.
THE VIGIL MECHANISM:
The Board of Directors of your Company has not established a vigil mechanism, as the Company does not fall within the purview of provisions of
the Companies Act, 2013.
SUBSIDIARY COMPANIES:
The NCLT in its order dated May 11, 2023 approved the Amalgamation by Absorption of its subsidiary Company Honeycomb Logistics Private
Limited with the Company and the appointed date of the Merger was April 01, 2022. Therefore, the Company had no subsidiary as on 31st
March, 2023 having business akin to the business of holding Company.
CONSOLIDATED FINANCIAL STATEMENTS

Pursuant to Section 129 of the Companies Act, 2013 the Company is not having any subsidiary Company as on March 31 st , 2023 hence the
Company is not required to prepare Consolidated financial Statement
PARTICULARS OF LOANS, GUARANTEES, SECURITIES AND INVESTMENTS
Your Company is engaged in the business of providing infrastructural facilities as defined under Schedule VI of the Companies Act, 2013. Hence,
the provisions of Section 186 of the Companies Act, 2013 are not applicable to your Company.
However, the particulars of loans given, guarantees/securities provided and investments made by the Company during the year under review,
are provided as Annexure II which forms part of this Report.
STATEMENT ON DECLARATION GIVEN BY THE INDEPENDENT DIRECTORS UNDER SECTION 149 (6) OF THE COMPANIES ACT, 2013:
Pursuant to Section 149 (4) of the Companies Act, 2013 read with The Companies (Appointment and Qualifications of Directors) Rules, 2014 the
Central Government has prescribes certain classes of the Companies to have minimum number of Independent Directors.
Your Company does not fall within the purview of certain classes of the Companies as specified by the Central Government.
RISK MANAGEMENT :
The Board of Directors of your Company have identified industry specific risk and other external, internal, political and technological risk which in
the opinion of the board may threaten the Company and Board has formulated a policy for how to manage the risk and what actions are required
to take for diminishing the adverse effect of the potential risks.
SECRETARIAL AUDITOR:
The Company has not appointed a Secretarial Auditor, as the Company does not meet the criteria for mandatorily appointing secretarial auditor
under section 204 of the Companies Act, 2013.
EQUITY SHARES WITH DIFFERENTIAL RIGHTS:
The Company has not issued any equity shares with differential voting rights.
DISCLOSURE OF REMUNERATION PAID TO DIRECTOR AND KEY MANAGERIAL PERSONNEL:
Remuneration paid to Directors and Key Managerial Personnel of the Company is as disclosed in Annual Return.
PARTICULARS OF EMPLOYEES:
194
None of the employees of the Company is drawing remuneration in excess of the limits prescribed under Rule (5) (2) of Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014.
EMPLOYEES’ STOCK OPTION PLAN :
Your Company has not provided any stock option scheme to the employees.
SWEAT EQUITY SHARES :
Your Company has not issued Sweat equity shares during the year under review.
PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES REFERRED TO IN SUB-SECTION (1) OF SECTION 188:
All related party transactions under section 188 of Companies Act, 2013 were placed before the Board/Members as the case may be for
approval.
The related party transactions that were entered during the financial year 2022-23, are given in the notes to financial statements as per
Accounting Standard-18, which form part of this Annual Report.
Particulars of contracts or arrangements with related parties referred to in Section 188(1) of the Companies Act, 2013, in the prescribed Form
AOC–2, is appended as Annexure III to the Board's report.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Board has laid down Internal Financial Controls (IFC) and believes that the same are commensurate with the nature and size of its business.
The Company has an effective Internal Financial Controls (IFC) and risk–mitigation system, which are constantly assessed and strengthened.
The Company's internal control system is commensurate with its size, scale and complexities of its operations. The main thrust of internal audit is
to test and review controls, appraisal of risks and business processes, besides benchmarking controls with best practices in the industry
There is no material adverse remark made in Internal Audit and Internal Financial Control Report for 2022-23.
EXTRACT OF THE ANNUAL RETURN AS PROVIDED UNDER SUB–SECTION (3) OF SECTION 92
Pursuant to Section 92, of the Companies Act, 2013 the Annual Return of the Company shall be placed on the website of the Company
(https://india.globalpsa.com/ameya/).
DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT,
2013
Your Company has always believed in providing a safe and harassment free workplace for every individual working in the Company's premises
through various interventions and practices. The Company always endeavors to create and provide an environment that is free from
discrimination and harassment including sexual harassment.
The policy on Prevention of Sexual Harassment at Workplace aims at prevention of harassment of employees and lays down the guidelines for
identification, reporting and prevention of undesired behavior.
During the year ended March 31 st , 2022, there was no complaints recorded pertaining to sexual harassment.
AUDITORS:
As per the provisions of sections 139 of the Companies Act, 2013 and rules made thereunder, the Company had, in its Annual General Meeting
held on 29 th August, 2019, approved
the re-appointment of M/s. B S R & Associates LLP, Chartered Accountants, Mumbai, (ICAI Firm Registration No. 116231W/W-100024) to hold
office till the conclusion of the Twenty First Annual General Meeting,
CREDIT RATING
CRISIL has re-affirmed the “CRISIL A+/STABLE” rating to your Company. This rating indicates adequate degree of strength with regard to
honouring debt obligation.
33. DIRECTORS’ RESPONSIBILITY STATEMENT:

Pursuant to Section 134(3)(c) read with Section 134(5) of the Companies Act, 2013, the Board of Directors to the best of their knowledge and
ability confirm that:
in the preparation of the annual accounts for the financial year ended 31 st March, 2023 the applicable accounting standards have been followed
along with proper explanation relating to material departures.
the Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and
prudent so as to give true & fair view of the state of affairs of the Company as at March 31 st , 2023 and of the profit and loss of the Company for
the year ended March 31 st , 2023.
195
the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the
Companies Act, 2013, for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; and
the Directors had prepared the annual accounts on a going concern basis.
Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and
operating effectively.
ACKNOWLEDGEMENTS:
The Directors wish to convey their appreciation to business associates for their contribution and support during the year. The Directors would
also like to thanks employees, customers, Bankers, suppliers and auditors for their continued support given by them to the Company and their
confidence reposed in the management.
For and on behalf of the Board of Directors of

Mr. Ashish Goel

Director
Mr. Gobu Selliaya
DIN: 00147449
Director
Address: 15, Dalamal Apartments, Cuffe Parade
DIN: 09565592
Mumbai – 400005
Address: Flat 203, F Wing, Kanakia Paris, Kherwadi, F Block, Bandra
Kurka Complex Bandra East, Mumbai- 400051, Maharashtra
Place: Raigad
Date: September 25 th , 2023
Annexure- I (CSR policy and report disclosure)
DISCLOSURE OF ACTIVITIES
A brief outline of the Company’s CSR Policy, including overview of projects or programs proposed to be undertaken and a reference to the
web-link to the CSR policy and projects or programs.
Ameya Logistics Private Limited has been an early adopter of corporate Social Responsibility initiatives, along with sustained economic
performance, environmental and social stewardship as a key factor for holistic business growth. The Company during the year had contributed in
many sectors of the society of which a detailed contribution is listed in Table A.
The CSR initiatives/activities of the company will be identified and initiated by CSR Committee
The Composition of the Corporate Social Responsibility Committee
Name Title Role in the CSR Committee
Mr. Ashish Goel Director Chairman
Ms. Lau Lee Leng Additional Director Member
Mr. Gobu Selliaya Director Member
The average net profit of the Company for the last three financial years shall be calculated in accordance with the provisions of section 198 of the
Companies Act, 2013.
Financial Year Net Profit (as per Section 198) Average Net Profit
240,08,16,874/3(yrs.)
2021-22 93,15,33,700
= Rs. 80,02,72,291/-
2020-21 87,95,19,860
2019-20 58,97,63,315
196
Total 240,08,16,874
Erstwhile Honeycomb Logistics Private Limited:
Financial Year Net Profit (as per Section 198) Average Net Profit
95,27,27,714/3(yrs.)
2021-22 27,42,02,437
= Rs. 31,75,75,905/-
2020-21 39,62,65,492
2019-20 28,22,57,784
Total 95,27,27,714
Accordingly, the prescribed CSR expenditure (2% of the above-mentioned amount) is Rs.63,51,518/- + Rs.1,60,05,446/- = Rs.2,23,56,964/-
Details of CSR expenditure spent during the financial year:

Total amount to be spent for the financial year (including Erstwhile Honeycomb Logistics Private Limited): Rs.2,23,56,964/-.
Amount unspent, if any: Rs.1,01,71,019/-
Manner in which the amount spent during the financial year is detailed below:
Geographic
Outlay (Pro Expenditure
Details of CSR al areas
Sr. Sector(s) covered within gramme/ on
Programmes Project Description where
No. schedule VII Project programme
/Project/Activities project was i
Wise) or project
mplemented
education sponsorships for 100

beneficiaries under Project Anando
Light of Life Trust (June 27, which focuses towards the rural
1 Promoting education Raigad 10,50,000 10,50,000
2022) underprivileged communities in India,
through education, skill training
programs, and health care services
Centre for Transforming India for

upgrading two schools which are
Centre for Transforming
2 Bhendkhal Madhyamik Vidyalaya at Promoting education Uran 34,05,100 34,05,100
India (June 27, 2022)
Bhendkhal and Mothijui Madhyamik
Vidyalaya at MothiJui
Support Cooked meals at Kurla,

Khaana Chahiye
3 Ulhasnagar & other Communiy Kitchens Eradicating hunger Mumbai 18,60,000 18,60,000
Foundation (Jan 18, 2023)
2000/day for 31 days.
Promoting education,
including special
PROJECT DISHA a partnership education and
between the Department of Social employment enhancing
Jai Vakeel Foundation (Jan
4 Justice & Special Assistance, vocation skills especially Mumbai 5,50,000 5,50,000
18, 2023)
Government of Maharashtra and among children, women,
Commissioner of PwD, Maharashtra elderly and the differently
abled and livelihood
enhancement projects
Dr. Nandkumar Maruti

Jadhav Foundation’s Promoting education,
donating chairs and Tables for the Uran,
5 Intellectual Disable Special including special 86,500 86,500
classrooms Raigad
School, New Panvel (Jan education
18, 2023)
197
Assistant Director Health

Services National Vector Malaria Free - Mumbai Division”-
Borne Diseases Control Signboard project a Social Awareness - promoting health care
Uran,
6 Programme 3 x 2 feet signboard displayed at Uran, including preventive 10,00,000 10,00,000
Raigad
(ADHSNVBDCP) - Mumbai, Panvel, Karjat, Khalapur, Pen area and health care
(Govt. of Maharashtra) (Jan at Government Public Health Centres.
18, 2023)
promoting health care

Mother Cares Trust Hospital Construction of two additional wards in
7 including preventive Bikaner 1,00,000 1,00,000
(April 27, 2022) the Mother Cares Trust Hospital
health care
Thalassemia Minor Screening

(Hemoglobinopathy screening) and promoting health care
Arpan Thalassemia Society
8 awareness of young adults and pregnant including preventive Mumbai 20,10,713 20,10,713
(June 27, 2022)
females to prevent the birth of health care’
Thalassemia Major child
School Bus for Commutation for the

Ramkrishna Seva Mandal benefit of rural students around Bidada,
9 Promoting education Kutch 20,17,172 20,17,172
Trust (Jan 18, 2023) Banni, Pachchham and Lakhpat villages
of Kutch
Contribution in construction of new

Mount Carmel High School Gandhidha
10 school building - Mount Carmel High Promoting education 1,06,460 1,06,460
(Jan 18, 2023) m
School, Gandhidham
Total 1,21,85,945
6. The whole amount under CSR for the FY 2022-23 was not spent, As per section 135 of the Companies Act, 2013, the unspent CSR amount
has to be transferred to Funds mentioned in Schedule VII within six months from the end of the financial Year. Therefore the Company had
transferred the unspent CSR amount for the FY 2022-23 to Prime Minister National Relief Fund in compliance with the section.
7. Responsibility statement of CSR Committee:

The implementation and monitoring of Corporate Social Responsibility (CSR) Policy, is in compliance with CSR objectives and policy of the
Company’ .
For Ameya Logistics Private Limited
Ashish Goel
Chairman
198
Annexure – III (Form AOC – 2)

Form No. AOC-2
(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies
(Accounts) Rules, 2014)
Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of
section 188 of the Companies Act, 2013 including certain arm’s length transactions under third proviso thereto
Details of Contracts or Arrangements or Transactions not at arm’s length basis
Salient terms of the Date on which the

Justification for
Name(s) of the Nature of Duration of the contracts or Amount special resolution was
entering into such Date(s) of
Sr. Related Party contracts / contracts / arrangements or paid as passed in general
contracts or approval by
No. and nature of arrangements arrangements / transactions advance, if meeting as required
arrangements or the Board
relationship / transactions transactions including the value, any under first proviso to
transactions
if any section 188
Nil
Details of Material Contracts or Arrangement or Transactions at arm’s length basis in the ordinary course of business
“Annexure A”
LIST OF RELATED PARTIES (SEC 188 OF THE COMPANIES ACT,2013)
Sr. no Name of the Company Nature of Contract Duration Monetary value
Providing CFS services for Cargo &

CMA CGM Agencies (India) Private Limited for 3 years [See Table (1)]
Container
Providing Container Freight Station

Sinotrans India Pvt Ltd For 3 years [See Table (2)]
Services
Bharat Mumbai Container Terminals Private Rendering of services and Receiving of

For 3 years [See Table (3)]
Limited Services
BDP UGL Global Logistics (India) Private

Limited Rendering and receiving of services
PSA Cargo Solutions private limited

(Erstwhile Sunport Cargo Solutions private For 3 years [See Table (5)]
limited) Rendering of services
Table (1)
Year Lakhs
21-22 5000
22-23 3400
23-24 4200
Table (2)
Year Lakhs
21-22 100
199
22-23 200
23-24 400
Table (3)
Year Lakhs
21-22 2000
22-23 2000
23-24 2000
Table (4)
Year Lakhs
22-23 250
23-24 250
24-25 250
Table (5)
Year Lakhs
22-23 5
23-24 5
24-25 5
For and on behalf of the Board of Directors of

Place: Mumbai
Mr. Gobu Selliaya

Mr. Ashish Goel
Director
Director
DIN: 09565592
Date: September 25 th , 2023 DIN: 00147449
Address: Flat 203, F Wing, Kanakia Paris, Kherwadi, F
Address:15,DalamalAppartments, Cuffe Parade,
Block, Bandra Kurka Complex Bandra East, Mumbai-
Mumbai – 400005 Maharashtra
400051, Maharashtra
Textual information (51): Description of state of companies affair
Particulars Amounts (Currency : Indian Rupees in Millions) 2022-23 2021-22 Sales & Other Income 3,014.37 3,275.70 Operating Expenses
2,429.95 1,670.92 Profit before Interest, Depreciation and Taxes 922.47 801.62 Interest 0 0 Depreciation and Amortization 338.05 158.77 Profit
before Tax 584.44 1,604.78 Provision for Tax/Taxes 170.85 187.37 Profit after Tax 413.57 1,544.20 Profit brought forward from Previous Year
4,590.37 3286.17 Amount available for Appropriations 4,585.45 4,830.37 Appropriations: Interim Dividend 1st Interim Equity Dividend @ rate of
225% on Equity Share Capital. (i.e., Rs.22.5/- on Equity Shares of Rs.10 each) 135.00 240.00 Tax on Interim Dividend 0.00 0.00 Tax on
Preference Dividend - - Transfer to General Reserve - - Transfer to Capital Redemption Reserve - - Profit carried to Balance Sheet 4,868.94
4,590.37
Textual information (52): Disclosures relating to amount recommended to be paid as dividend
Considering the performance of the Company during the year under review, your Directors declared and paid dividend as mentioned below: (a)
01st Equity Interim Dividend at the rate of 225.00% (i.e. Rs.22.50/- per Equity Shares of Rs.10 each) for the period from April 01st, 2022 to
September 30th, 2022 amounting to Rs.13,50,00,000/-.
Textual information (53): Details regarding energy conservation
a) Energy conservation continues to be an area of high priority for the Company. Constant attention is paid to the cost effective use of energy in
all operation. All equipment are regularly checked and selectively replaced with new energy efficient equipment. b) The Company has not
incurred any expenditure in foreign currency during the year. c) The Company did not earn any foreign exchange during the year. d) Considering
the nature of business activities being carried out by the Company, the Directors have nothing to report regarding technology absorption
200
Textual information (54): Details regarding technology absorption
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNINGS AND OUTGO: a) Energy conservation
continues to be an area of high priority for the Company. Constant attention is paid to the cost effective use of energy in all operation. All
equipment are regularly checked and selectively replaced with new energy efficient equipment. b) The Company has not incurred any
expenditure in foreign currency during the year. c) The Company did not earn any foreign exchange during the year. d) Considering the nature of
business activities being carried out by the Company, the Directors have nothing to report regarding technology absorption
Textual information (55): Disclosures in director’s responsibility statement
. DIRECTORS’ RESPONSIBILITY STATEMENT: Pursuant to Section 134(3)(c) read with Section 134(5) of the Companies Act, 2013, the Board
of Directors to the best of their knowledge and ability confirm that: (a) in the preparation of the annual accounts for the financial year ended 31st
March, 2023 the applicable accounting standards have been followed along with proper explanation relating to material departures. (b) the
Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and
prudent so as to give true & fair view of the state of affairs of the Company as at March 31st, 2023 and of the profit and loss of the Company for
the year ended March 31st, 2023. (c) the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in
accordance with the provisions of the Companies Act, 2013, for safeguarding the assets of the company and for preventing and detecting fraud
and other irregularities; and (d) the Directors had prepared the annual accounts on a going concern basis. (e) Directors had devised proper
systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.
Textual information (56): Particulars of loans guarantee investment under section 186 [Text Block]
Your Company is engaged in the business of providing infrastructural facilities as defined under Schedule VI of the Companies Act, 2013. Hence,
the provisions of Section 186 of the Companies Act, 2013 are not applicable to your Company.
However, the particulars of loans given, guarantees/securities provided and investments made by the Company during the year under review,
are provided as Annexure II which forms part of this Report.
Textual information (57): Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
LIST OF RELATED PARTIES (SEC 188 OF THE COMPANIES ACT,2013)
Sr. no Name of the Company Nature of Contract Duration Monetary value
Providing CFS services for Cargo &

CMA CGM Agencies (India) Private Limited for 3 years [See Table (1)]
Container
Providing Container Freight Station

Sinotrans India Pvt Ltd For 3 years [See Table (2)]
Services
Bharat Mumbai Container Terminals Private Rendering of services and Receiving of

Limited Services
BDP UGL Global Logistics (India) Private

Limited Rendering and receiving of services
PSA Cargo Solutions private limited

(Erstwhile Sunport Cargo Solutions private For 3 years [See Table (5)]
limited) Rendering of services
Table (1)
Year Lakhs
21-22 5000
22-23 3400
23-24 4200
Table (2)
Year Lakhs
21-22 100
22-23 200
23-24 400
Table (3)
Year Lakhs
201
21-22 2000
22-23 2000
23-24 2000
Table (4)
Year Lakhs
22-23 250
23-24 250
24-25 250
Table (5)
Year Lakhs
22-23 5
23-24 5
24-25 5
Textual information (58): Disclosure of extract of annual return as provided under section 92(3) [Text Block]
NA
Textual information (59): Disclosure of statement on declaration given by independent directors under section 149(6)
[Text Block]
STATEMENT ON DECLARATION GIVEN BY THE INDEPENDENT DIRECTORS UNDER SECTION 149 (6) OF THE COMPANIES ACT, 2013:
Pursuant to Section 149 (4) of the Companies Act, 2013 read with The Companies (Appointment and Qualifications of Directors) Rules, 2014 the
Central Government has prescribes certain classes of the Companies to have minimum number of Independent Directors.
Your Company does not fall within the purview of certain classes of the Companies as specified by the Central Government. NA
Textual information (60): Disclosure for companies covered under section 178(1) on directors appointment and
remuneration including other matters provided under section 178(3) [Text Block]
Your Company does not fall within the purview of Section 178 of the Companies Act, 2013.
Textual information (61): Disclosure of statement on development and implementation of risk management policy [Text
Block]
The Board of Directors of your Company have identified industry specific risk and other external, internal, political and technological risk which in
the opinion of the board may threaten the Company and Board has formulated a policy for how to manage the risk and what actions are required
to take for diminishing the adverse effect of the potential risks.
Textual information (62): Details on policy development and implementation by company on corporate social
responsibility initiatives taken during year [Text Block]
Your Company has constituted Corporate Social Responsibility Committee and formulated Corporate Social Responsibility (CSR) Policy in
compliance with the provisions of Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy)
Rules, 2014 and Schedule VII of the Companies Act, 2013. The statutory disclosures with respect to the composition of CSR Committee, CSR
Policy, CSR initiatives and programs and amount spent on CSR activities are given in the ‘Annual Report on Corporate Social Responsibility of
the Company’ as Annexure I which forms part of this Report. The CSR Policy can be accessed on the website of the Company
(http://www.ameyalogistics.com/).
Textual information (63): Disclosure of financial summary or highlights [Text Block]
202
Amounts
Particulars (Currency : Indian Rupees in Millions)
2022-23 2021-22
Sales & Other Income 3,014.37 3,275.70
Operating Expenses 2,429.95 1,670.92
Profit before Interest, Depreciation and Taxes 922.47 801.62
Interest 0 0
Depreciation and Amortization 338.05 158.77
Profit before Tax 584.44 1,604.78
Provision for Tax/Taxes 170.85 187.37
Profit after Tax 413.57 1,544.20
Profit brought forward from Previous Year 4,590.37 3286.17
Amount available for Appropriations 4,585.45 4,830.37
Appropriations:
Interim Dividend
1 st Interim Equity Dividend @ rate of 225% on Equity Share Capital. (i.e., 135 .00 240.00
Rs.22.5/- on Equity Shares of Rs.10 each)
Tax on Interim Dividend 0.00 0.00
Tax on Preference Dividend - -
Transfer to General Reserve - -
Transfer to Capital Redemption Reserve - -
Profit carried to Balance Sheet 4,868.94 4,590.37
Textual information (64): Disclosure of change in nature of business [Text Block]
CHANGES IN THE NATURE OF BUSINESS, IF ANY:
During the year under review, your Company continued to provide Container Freight Station (CFS) facilities and logistics services to its
customers and hence, there was no change in the nature of business or operations of the Company which impacted the financial position of the
Company.
Textual information (65): Details of directors or key managerial personnels who were appointed or have resigned
during year [Text Block]
Directors/Key Managerial Personnel appointed/resigned during the year
The Board of Directors passed the resolution by circulation dated June 07, 2022, accepted the resignation of Mr. Michael Formoso from the
position of Director of the Company with effect from May 26, 2022. The Board of Directors sincerely acknowledges his efforts and place on
record its deep sense of appreciation of valuable contribution made by him.
The Board of Directors passed the resolution by circulation dated June 07, 2022, appointed Mr. Gobu Selliaya as the non-executive Additional
Director of the Company with effect from June 07, 2022. The Board of Directors welcomed him on the Board of the Company. Mr. Gobu Selliaya
was regularised as the Non-executive Director on the Board of the Company from September 30, 2022.
The Board of Directors passed the resolution in the Board Meeting held on September 30, 2022, accepted the resignation of Mr. Anuj Rathi from
the position of Director of the Company with effect from October 01st, 2022. The Board of Directors sincerely acknowledges his efforts and place
on record its deep sense of appreciation of valuable contribution made by him.
The Board of Directors passed the resolution in the Board Meeting held on September 30, 2022, appointed Ms. Lau Lee Leng as the
non-executive Additional Director of the Company with effect from October 01st, 2022. The Board of Directors sincerely acknowledges her efforts
and place on record its deep sense of appreciation of valuable contribution made by him.
Textual information (66): Disclosure of companies which have become or ceased to be its subsidiaries, joint ventures or
associate companies during year [Text Block]
203
Textual information (67): Details relating to deposits covered under chapter v of companies act [Text Block]
Textual information (68): Details of deposits which are not in compliance with requirements of chapter v of act [Text
Block]
Textual information (69): Details of significant and material orders passed by regulators or courts or tribunals
impacting going concern status and company’s operations in future [Text Block]
Textual information (70): Details regarding adequacy of internal financial controls with reference to financial
statements [Text Block]
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Board has laid down Internal Financial Controls (IFC) and believes that the same are commensurate with the nature and size of its business.
The Company has an effective Internal Financial Controls (IFC) and risk–mitigation system, which are constantly assessed and strengthened.
The Company's internal control system is commensurate with its size, scale and complexities of its operations. The main thrust of internal audit is
to test and review controls, appraisal of risks and business processes, besides benchmarking controls with best practices in the industry.
Textual information (71): Disclosure of appointment and remuneration of director or managerial personnel if any, in
the financial year [Text Block]
DISCLOSURE OF REMUNERATION PAID TO DIRECTOR AND KEY MANAGERIAL PERSONNEL:
Remuneration paid to Directors and Key Managerial Personnel of the Company is as disclosed in Extract of Annual Return in MGT-7.
204
[700700] Disclosures - Secretarial audit report

Period FY 2023
Whether secretarial audit report is applicable on company No
Whether secretarial audit report has been qualified or has any observation or other remarks No
205

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Ameya Logistics Private Limited

Standalone Financial Statements for period 01/04/2022 to 31/03/2023

[110000] Balance sheet

Unless otherwise specified, all monetary values are in INR

Total non-current financial liabilities 5,679,477.00 0

[210000] Statement of profit and loss

Unless otherwise specified, all monetary values are in INR

Earnings per share [Table]

Unless otherwise specified, all monetary values are in INR

[210000a] Statement of profit and loss

Unless otherwise specified, all monetary values are in INR

[310000] Cash flow statement,direct

Unless otherwise specified, all monetary values are in INR

[320000] Cash flow statement, indirect

Unless otherwise specified, all monetary values are in INR

[400100] Notes - Equity share capital

Unless otherwise specified, all monetary values are in INR

Disclosure of classes of equity share capital [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Reconciliation of value of shares outstanding [Abstract]

Disclosure of classes of equity share capital [Table] ..(2)

Unless otherwise specified, all monetary values are in INR

Number of shares issued as rights [shares] 0 [shares] 0

Unless otherwise specified, all monetary values are in INR

Unless otherwise specified, all monetary values are in INR

Classes of equity share capital [Axis] Equity shares 1 [Member]

Unless otherwise specified, all monetary values are in INR

[400200] Statement of changes in equity

Unless otherwise specified, all monetary values are in INR

Statement of changes in equity [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Statement of changes in equity [Table] ..(2)

Unless otherwise specified, all monetary values are in INR

Statement of changes in equity [Table] ..(3)

Unless otherwise specified, all monetary values are in INR

Components of equity [Axis] Reserves [Member]

Statement of changes in equity [Table] ..(4)

Unless otherwise specified, all monetary values are in INR

Statement of changes in equity [Table] ..(5)

Unless otherwise specified, all monetary values are in INR

Statement of changes in equity [Table] ..(6)

Unless otherwise specified, all monetary values are in INR

Components of equity [Axis] Retained earnings [Member]

Statement of changes in equity [Table] ..(7)

Unless otherwise specified, all monetary values are in INR

Textual information (1): Disclosure of notes on changes in equity [Text Block]

Reserves and surplus Note

Capital redemption reserve

This reserve was created for redemption of

General reserve created in accordance with the

Other comprehensive income recognised directly in

Remeasurement of post-employee benefit 15,33, 9,44,736

Remeasurements of defined benefit liability(assets)

Share of other comprehensive income of equity (3,03,3

the following dividend were declared and paid by

[400300] Notes - Borrowings

Classification of borrowings [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Classification of borrowings [Table] ..(2)

Unless otherwise specified, all monetary values are in INR