Piccadily Sugar and Allied Industries Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

l) Provisions and contingent liabilities:

A provision is recognized when the Company has a present obligation as a result of past event and it is
probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable
estimate can be made. These are reviewed at each balance sheet date and adjusted to reflect the current
best estimates.

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 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 or a present obligation that arises from past events where it is
either not probable that an outflow of resources will be required to settle the obligation or a reliable estimate
of the amount cannot be made. Contingent assets are neither recognized nor disclosed in the standalone
financial statements.

A contingent liability recognized in a business combination is initially measured at its fair value. Subsequently,
it is measured at the higher of the amount that would be recognized in accordance with the requirements
for provisions above or the amount initially recognized less, when appropriate, cumulative amortization
recognized in accordance with the requirements for revenue recognition.

m) Earnings per Share:

Basic earnings per share (EPS) are calculated by dividing the net profit / (loss) after tax for the year attributable
to equity shareholders by the weighted average number of equity shares outstanding during the year.

Diluted earnings per share is computed by adjusting the number of shares used for basic EPS with the
weighted average number of shares that could have been issued on the conversion of all dilutive potential
equity shares.

Dilutive potential equity shares are deemed converted as of the beginning of the year, unless they have been
issued at a later date. The diluted potential equity shares have been adjusted for the proceeds receivable had
the shares been actually issued at fair value i.e. average market value of outstanding shares.

The number of shares and potentially dilutive shares are adjusted for share splits and bonus shares, as
appropriate. In calculating diluted earnings per share, the effects of anti-dilutive potential equity shares are
ignored. Potential equity shares are anti-dilutive when their conversion to equity shares would increase
earnings per share or decrease loss per share.

n) Leases

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.

As per Ind AS 116 each lease component within the contract is accounted as a lease separately from non¬
lease components of the contract and the consideration in the contract is allocated to each lease component
on the basis of the relative stand-alone price of the lease component and the aggregate stand-alone price of
the non-lease components. A right-of-use asset representing its right to use the underlying asset for the lease
term at the lease commencement date is recognized. The cost of the right-of-use asset measured at inception
shall comprise of the amount of the initial measurement of the lease liability adjusted for any lease payments
made at or before the commencement date less any lease incentives received, plus any initial direct costs
incurred and an estimate of costs to be incurred by the lessee in dismantling and removing the underlying
asset or restoring the underlying asset or site on which it is located. The right-of-use assets is subsequently
measured at cost less any accumulated depreciation, accumulated impairment losses, if any and adjusted
for any remeasurement of the lease liability. The right-of-use assets is depreciated using the straight-line
method from the commencement date over the shorter of lease term or useful life of right-of-use asset. The
estimated useful lives of right-of-use assets are determined on the same basis as those of property, plant and
equipment. Right-of-use assets are tested for impairment whenever there is any indication that their carrying
amounts may not be recoverable. Impairment loss, if any, is recognized in the statement of profit and loss.

The lease liability is measured at the present value of the lease payments that are not paid at the
commencement date of the lease. The lease payments are discounted using the interest rate implicit in
the lease, if that rate can be readily determined. If that rate cannot be readily determined, the incremental
borrowing rate is used.

The lease liability is subsequently remeasured by increasing the carrying amount to reflect interest on
the lease liability, reducing the carrying amount to reflect the lease payments made and remeasuring the

carrying amount to reflect any reassessment or lease modifications or to reflect revised in-substance fixed
lease payments. The amount of the re-measurement of lease liability due to modification is recognized
as an adjustment to the right-of-use asset and statement of profit and loss depending upon the nature of
modification. Where the carrying amount of the right-of-use asset is reduced to zero and there is a further
reduction in the

measurement of the lease liability, the Company recognizes any remaining amount of the re-measurement
in statement of profit and loss.

Company as a lessee:

The Company has elected not to apply the requirements of Ind AS 116 Leases on short- term leases of all
assets that have a lease term of 12 months or less and leases for which the underlying asset is of low value.
The lease payments associated with these leases are recognized as an expense on a straight-line basis over
the lease term.

o) Borrowing Costs

General and specific borrowing costs that are directly attributable to the acquisition, construction or production
of a qualifying asset are capitalized during the period of time that is required to complete and prepare the
asset for its intended use or sale. Qualifying assets are assets that necessarily take a substantial period of
time to get ready for their intended use or sale. Investment income earned on the temporary investment of
specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs
eligible for capitalization. Other borrowing costs are expensed in the period in which they are incurred.

p) Government Grants

Grants from the government are recognized at their fair value where there is a reasonable assurance that the
grant will be received and the Company will comply with all attached conditions. Government grants relating
to income are deferred and recognized in the profit or 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 profit or loss on a straight-line basis over the expected lives of the related assets and
presented within other income.

q) Provisions

Provisions for claims including litigations are recognized when the Company has a present obligation as a
result of past events, in the year when it is established by way of orders of court or government notifications
etc. that it is probable that an outflow of resources will be required to settle the obligations and the amount
can be reasonably estimated. The provision including any subsequent adjustments are accounted for in the
same expenditure line item to which the claim pertains.

r) Use of estimates

The preparation of these financial statements in conformity with the recognition and measurement principles
of Ind AS requires the management of the Company to make estimates and assumptions that affect the
reported balances of asset and liabilities, disclosures relating to contingent liabilities as at the date of the
financial statements and the reported amounts of income and expense for the period presented.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
are recognized in the period in which estimates are revised if the revision affects only that period or in the
period of the revision and future periods if the revision affects both current and future periods.

The following are the key assumptions concerning the future, and other sources of estimation uncertainty
at the end of the reporting period that may have a significant risk of causing a material adjustment to the
carrying amounts of assets and liabilities in future are:

i) Useful lives and residual value of property, plant and equipment: Useful life and residual value
are determined by the management based on a technical evaluation considering nature of asset, past
experience, estimated usage of the asset, vendor’s advice etc and same is reviewed at each financial
year end.

ii) Deferred tax assets: The Company reviews the carrying amount of deferred tax assets including MAT
credit at the end of each reporting period and reduces to the extent that it is no longer probable that
sufficient taxable profits will be available to allow all or part of the asset to be recovered.

iii) Revenue:

The Company’s contracts with customers could include promises to transfer multiple products and
services to a customer. The Company assesses the products / services promised in a contract and
identify distinct performance obligations in the contract. Identification of distinct performance obligation
involves judgment to determine the deliverables and the ability of the customer to benefit independently
from such deliverables.

• Judgment is also required to determine the transaction price for the contract and to ascribe the
transaction price to each distinct performance obligation. The transaction price could be either a fixed
amount of customer consideration or variable consideration with elements such as volume discounts,
service level credits, performance bonuses, price concessions and incentives. The transaction
price is also adjusted for the effects of the time value of money if the contract includes a significant
financing component. 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. The estimated amount of
variable consideration is adjusted in the transaction price only to the extent that it is highly probable
that a significant reversal in the amount of cumulative revenue recognized will not occur and is
reassessed at the end of each reporting period. The Company allocates the elements of variable
considerations to all the performance obligations of the contract unless there is observable evidence
that they pertain to one or more distinct performance obligations.

• The Company exercises judgment in determining whether the performance obligation is satisfied at
a point in time or over a period of time. The Company considers indicators such as how customer
consumes benefits as services are rendered or who controls the asset as it is being created or
existence of enforceable right to payment for performance to date and alternate use of such product
or service, transfer of significant risks and rewards to the customer, acceptance of delivery by the
customer, etc.

• Revenue for fixed-price contract is recognized using percentage-of completion method. The Company
uses judgment to estimate the future cost-to-completion of the contracts which is used to determine
the degree of completion of the performance obligation.

AUDITOR’S REPORT For and on behalf of the board

As per our separate report of even date
FOR JAIN & ASSOCIATES

CHARTERED ACCOUNTANTS Sd/- Sd/-

FRN : 01361N Akhil Dada Naveen Pawar

(Director) (Whole Time Director)

DIN:02321706 DIN:09691282

Sd/- Sd/- Sd/-

Krishan Mangawa Rajesh Kaushik Kajal Goel

(Partner) (Chief Financial Officer) (Company Secretary)

M. No. : 513236 M.No :37752

Place: Gurugram

Date: 08-05-2025

UDIN :25513236BMJPJF8264

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Mar 31, 2024

NOTE 30 CONTINGENT LIABILITIES
		AS AT	AS AT
		31.03.2024	31.03.2023
a)	Additional demand raised by Sales tax authorities pending in appeals	Unascertained	Unascertained
b)	Estimated amount of contracts remaining to be executed on capital account and not provided for (net of advances).	Unascertained	Unascertained
c)	Contingent Liability in respect of Interest on cane cess,if any.	Unascertained	Unascertained
d)	Contingent Liability in respect of Unassessed cases of Income Tax,Sales Tax,Cane Cess, Excise duty.etc.	Unascertained	Unascertained

Impact of COVID-19 -

The company has considered the possible impact of internal and external factors known to the management upto the date of approval of these accounts, to assess and finalise the carrying amount of its assets and liabilities. Accordingly as on date, no material impact is anticipated in these financial statements

NOTE 33 PAYABLES & RECEIVABLES

Balance of certain sundry debtors, loans & advances (including capital advances), creditors and other process of confirmation/reconciliation.

The management is of the opinion that adjustment, in liabilities if any, arising out of such reconciliation would not be material.

NOTE 34 ADVANCES RECOVERABLE

In the opinion of the Board, the current assets, loans and advances are approximately of the value stated, if realized in the ordinary course of business.The provision for known liabilities is adequate and not in excess of amount reasonably necessary.

NOTE 35 DISCLOSURE AS PER IND AS - 36 IMPAIRMENT OF ASSETS

In terms of Ind AS 36 on impairment of assets, there was no impairment indicators existing as of reporting date as per the internal done and hence no impairment charge is recognised during management estimates the year under review.

NOTE 43 REGROUPING OF FIGURES

The previous year figures have been recast/ regrouped whenever considered necessary to facilitate comparison with revised Schedule III, Division (ii).

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Mar 31, 2023

1) RIGHT OF SHAREHOLDERS

A) Each Shareholder is entitled to one vote per share.

B) Each Shareholder has the right in profit/surplus in proportion to amount paid up with respect to share holding.

C) In the event of winding up, the equity shareholders will be entitled to receive the remaining balance of assets, if any, in proportionate to their individual shareholding in the paid up equity capital of the company.

D) There is no change in the Number of Share outstanding at the beginning and at the end of the Financial year

Amount in Lakhs (INR)
NOTE 30 CONTINGENT LIABILITIES		Standalone as at 31.03.2023	Standalone as at 31.03.2022
a) b) c) d)	Additional demand raised by Sales tax authorities pending in appeals Estimated amount of contracts remaining to be executed on capital account and not provided for (net of advances). Contingent Liability in respect of Interest on cane cess,if any. Contingent Liability in respect of Unassessed cases of Income Tax,Sales Tax,Cane Cess, Excise duty.etc.	Unascertained Unascertained Unascertained Unascertained	Unascertained Unascertained Unascertained Unascertained
NOTE 31 DISCLOSURE AS PER IND AS 108 SEGMENT REPORTING		Standalone as at 31.03.2023	Standalone as at 31.03.2022
The company operates in single segment, thus reporting requirements of Ind AS 108 is not applicable to the company.
NOTE 32 CORONAVIRUS (COVID-19) IMPACT ON FINANCIAL REPORTING - ACCOUNTING		Year Ending March 31, 2023
Impact of COVID-19 - The company has considered the possible impact of internal and external factors known to the management upto the date of approval of these accounts, to assess and finalise the carrying amount of its assets and liabilities. Accordingly as on date, no material impact is anticipated in these financial statements
NOTE 33 PAYABLES & RECEIVABLES		Year Ending March 31, 2023
Balance of certain sundry debtors, loans & advances (including capital advances), creditors and other process of confirmation/reconciliation. The management is of the opinion that adjustment, in liabilities if any, arising out of such reconciliation would not be material.
NOTE 34 ADVANCES RECOVERABLE
In the opinion of the Board, the current assets, loans and advances are approximately of the value stated, if realized in the ordinary course of business. The provision for known liabilities is adequate and not in excess of amount reasonably necessary.
NOTE 35 DISCLOSURE AS PER IND AS - 36 IMPAIRMENT OF ASSETS
In terms of Ind AS 36 on impairment of assets, there was no impairment indicators existing as of reporting date as per the internal management estimates done and hence no impairment charge is recognised during the year under review.
NOTE 36 DISCLOSURE AS PER IND AS - 33 EARNING PER SHARE		Standalone as at 31.03.2023	Standalone as at 31.03.2022
	Profits for the year attributable to equity holders of the Compan y ( Rs Weighted average number of equity shares (Nos.) Face Value	) (207.42) 2,32,54,527.00 10	1.24 2,32,54,527.00 10
	Basic and Diluted Earning Per Share	(0.89)	0.01

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Mar 31, 2015

NOTE 1 PAYABLES & RECEIVABLES

Balance of certain sundry debtors, loans & advances (including capital advances), creditors and other process of confirmation/reconcil- liation. The management is of the opinion that adjustment, in liabilities if any, arising out of such reconcilliation would not be material.

NOTE 2 ADVANCES RECOVERABLE

In the opinion of the Board, the current assets, loans and advances are approximately of the value stated, if realized in the ordinary course of business. The provision for known liabilities is adequate and not in excess of amount reasonably necessary.

NOTE 3 MICRO SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006

The company has not received intimation from suppliers regarding the status under Micro Small and Medium Enterprises Act 2006 and hence disclosures if any, relating to amounts unpaid as at the year end together with Development interest paid/payable as required under the said Act have not been given.

NOTE 4 REGROUPING OF FIGURES

The previous year figures have been recast/ regrouped whenever considered necessary to facilitate comparison.

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Mar 31, 2014

1. RIGHT OF SHAREHOLDERS

A) Each Shareholder is entitled to one vote per share.

B) Each Shareholder has the right in profit/surplus in proportion to amount paid up with respect to share holding,

C) In the event of winding up, the equity shareholders will be entitled to receive the remaining balance of assets, if any, in proportionate to their individual shareholding in the paid up equity capital of the company.

D) There is no change in the Number of Share outstanding at the beginning and at the end of the Financial year.

2. CONTINGENT LIABILITIES

a) Additional demand raised by Sales NIL NIL tax authorities pending in appeals

b) Estimated amount of contracts NIL NIL remaining to be executed on capital account and not provided for (net of advances).

c) Contingent Liability in respect of NIL NIL Interest on cane cess,if any.

d) Contingent Liability in respect of NIL NIL Unassessed cases of Income Tax,Sales Tax,Excise duty.

3. PAYABLES & RECEIVABLES

Balance of certain sundry debtors, loans & advances (including capita! advances), creditors and others are in process of confirmation/reconcilliation. The management is of the opinion that adjustment, in liabilities if any, arising out of such reconcilliation would not be material.

4. ADVANCES RECOVERABLE

In the opinion of the Board, the current assets, loans and advances are approximately of the value stated, if realized in the ordinary course of business. The provision for known liabilities is adequate and not in excess of amount reasonably necessary,

5. FOREIGN EXCHANGE TRANSACTION

(a) Value of imports calculated on CIF basis by the company during the financial year in respect of:

1. Raw Materials NIL NIL

2. Components and Spare Parts NIL NIL

3. Capital Goods NIL NIL

(b) Expenditure in Foreign Travelling NIL NIL

(c) Earning in Foreign Currency NIL NIL

6. MICRO SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006

The company has not received intimation from suppliers regarding the status under Micro Small and Medium Enterprises Act 2006 and hence disclosures if any, relating to amounts unpaid as at the year end together with Development interest paid/payable as required under the said Act have not been given.

7. REGROUPING OF FIGURES

The previous year figures have been recast/ regrouped whenever considered necessary to facilitate comparison with revised Schedule XI.

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Mar 31, 2013

NOTE 1 DISCLOSURE AS PER AS-17 SEGMENT REPORTING

Segment Reporting : - As per the Accounting standard No. 17 issued by the Institute of Chartered Accountants of India, New Delhi, segment reporting is applicabie to the company as the company has two profit centers Le. Sug3r Unit & Distillery Unit. The main financials of the reporting is given as under: -

N0TE 2 PAYABLES & RECE

Balances of certain sundry debtors. loans & advances (including capital advances), creditors and iiabililies are in the process of confirmation/feconcilliation. The management is of the opinion that adjustment if any arising out of such reconcilliation would not be material.

NOTE 3 ADVANCES RECOVERABLE

in the opinion of the Board, me current assets, loans and advances are approximately of the value stated, if realized in the ordinary course of business. The provision for known li3bilifes is adequate and not in excess of amount reasonably necessary.

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Mar 31, 2012

(Amount in Rs.) As at As at 31st March, 2012 31st March, 2011

NOTE 1 CONTINGENT LIABILITIES

1 Additional Demand raised by Sales tax Authorities pending in appeals 30 67

2 Estimated amount of contracts remaining to be executed on capital account and not provided for (net of advances) 52 190

3 Contingent liability in respect of Interest on cane cess, if any Unascertained Unascertained

4 Contingent Liability in respect of Unassessed cases of Income tax Unascertained Unascertained Sales tax, Excise duty and Service tax

NOTE 2 NOTE REGARDING PAYABLE AND RECEIVABLE

Balances of certain debtors, Loans & Advances (including capital advances), creditors and other liabilities (including asso- ciate company) are in process of confirmation/ reconciliation. The management is of the opinion that adjustment, if any, arising out of such reconciliation would not be material.

NOTE 3 MICRO SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT 2006

Company has not received intimation from supplier regarding the status under Micro Small & Medium Enterprises Act 2006 and hence disclosure,if any .relating to amounts unpaid as at the year end togather with Development the interest paid/payable as required under the said Act have not been given.

NOTE 4 MISCELLANOUS INCOME

Miscellaneous/ other income of Rs.31.91 lacs (Previous year Rs 39.93 lacs) includes Rs 8.72 lacs as wastage recovered from L-13Agents (Previous year Rs 27.39), Rs 10.53 lacs sale of scrap (previous year nil)Rs 1.03 as profit from sale of Vehicle( Previous year Rs. nil),, Rs nil lacs as excise duty (Previous year Rs 0.83 lacs) and Rs. 11.63 lacs as Agriculture produce & other/misc. (Sales previous year Rs11.70) -

NOTE 5 EARNING PER SHARE

The Company has calculated earning per share in accordence with Accounting Standard 20 (AS 20} issued by the Institute of Chartered Accountants Of India and accordingly the net Profit of Rs 61893731 /-{28234181/-} is divided by weighted aver- age number of 23254527 equity shares for calculating Basic & Diluted earning per share.

NOTE 6 Reoroupina of figures

The previous year figure have been recast/ regrouped wherever considered necessary to facilitate comparision with revised Sechdule XI.

NOTE 7 Valuation of Current Assets & Liabllites

In the opinion of the board, the current assets,Loans and advances are approximately of the value stated and provision for known liabilities is adequate and not in excess of amount considered reasonably necessarily.

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Mar 31, 2010

1 Contingent Liabilities: (Rs in Lacs) (Rs in Lacs)

Current Year Previous Year

a) Additional demand raised by Sales tax authorities pending in appeals. 67.47 37.39

b) Estimated amount of contracts remaining to be executed on capital 291.98 340.00 account and not provided for (net of advances).

c) Contingent Liability in respect of Interest Unascertained Unascertained on cane cess.if any.

d) Contingent Liability in respect of Unassessed cases Unascertained Unascertained of Income Tax.Sales Tax.Excise duty.

2 Sundry debtors, loans and advances and Sundry Creditors are subject to confirmation, reconciliation and adjustment and the amount is unascertained.

3 The remuneration paid to directors is as follows:

Current Year (in Rs.) Previous Year (in Rs.)

Whole time director 868333.00 255952.00

Computation of net profit in accordance with section 349 of the Companies Act, 1956.

2009-10

(Rs in Lacs)

Profit for the year

before taxation as per

P&LAccount 268.15

ADD : Directors Remuneration 8.68

Less: Profit on sale of fixed

assets Nil

Profit u/s 198 of the

Companies Act, 1956 276.83

The remuneration to Directors being paid accordance with schedule XIII and section 198,309 & 310 of the Companies Act 1956.

4. Previous year income of Rs. 20333/- is on account of cenvat credit of service tax taken in this year, which pertain to previous year.

5. Sale and cost of raw material consumption includes Rs. NIL (previous year Rs.470.69 lacs) on account of inter-unit transfer of Molasses and Cane juice from sugar division to Distillery Unit (including excise duty.)

6. Financial expenses include interest on term loan 47.92 lacs (Previous year Rs.46.87 lacs) and on cash credit account Rs. 18.78 lacs (Previous year 18.36 lacs).

7. Miscellaneous income of Rs. 30.89 lacs (Previous year Rs107.84 lacs) includes Rs. 0.49 lacs as interest (Previous year Rs 0.47 lacs), Rs 0.03 lacs sundry balances written off (Previous year Rs18.79 lacs), Rs 18.35 lacs as wastage recovered from L-13 Agents (Previous year Rs Nil) Rs 10.00 lacs as refund from Hospital Charitble Trust, (Previous year Rs.Nil) Rs 0.93 lacs refund from sales tax autority (previous year Nil) and Rs 1.09 lacs as excise duty.(Previous year Rs 88.58 lacs)

8. The installments of term loans payable within one year period is Rs. Nil (previous year 295.55 lacs)

9. The Company have received a partial amount of Rs.380.00 Lacs as Share application money from Piccadily Agro Industries Limited as part payment towards allotment of shares of Rs 600.00 Lacs.

10. No provision of Income Tax has been made to keeping in view the carry forward losses and non applicability of section 115 JB of the Income Tax Act.

11. The Company was declared a sick industrial company vide order dated 03.10.2002 u/s 3(1) (o) of the Sick Industrial Companies (Special Provisions) Act, 1985. Now the Honable Board for Industrial and Financial Reconstruction vide its letter dated 09.04.2010 has sanctioned the Draft Rehabilitation Scheme by providing various relief and concessions. The effect of the said scheme has not been considered in the accounts for the year ending 31st March,2010.

12. The break up of Deferred Tax is as under :-

31.03.2010 31.03.2009

(Rs. In Lacs) (Rs. In Lacs)

Deferred Tax Assets

1. On account of carry

Forward tax losses & Unabsorbed

depreciation 1032.35 893.34

2. Expenses allowable on payment

basis (u/s 43 B) . 38.21 7.49

Total (A):- 1070.56 900.83

Deferred Tax Liability

Timing difference on account of

depreciation 458.95 519.80

Total (B): - 458.95 519.80

NET DEFERRED TAX ASSETS Total (A-B): - 611.61 381.03



The company has not recognized deferred tax assets as there is reasonable certainty considering the quantum of losses available to the company to be carried forward to subsequent Assessment year, the same may not be fully adjusted against future profit in view of Provision of Sec 72(3) of Income Tax Act 1961.

13. The company has calculated earning per share in accordance with Accounting Standard 20 issued by the Institute of Chartered Accountants of India, as per details given below:

PARTICULARS Current Year Previous Year

PROFIT/(LOSS) DURING THE YEAR (In Rs.) 26814959.32 (4048064.22)

NO OF SHARES 29509053 29509053

FACE VALUE 10 10.00

Basic & Diluted Earning per Share(in Rs.) 0.91 (0.14)

14. Segment Reporting : - As per the Accounting standard No. 17 issued by the Institute of Chartered Accountants of India, New Delhi, segment reporting is applicable to the company as the company has two profit centers i.e. Sugar Unit & Distillery Unit. The main Financials of the reporting is given as under: -

SUGAR UNIT DISTILLERY UNIT TOTAL

a) Segment Revenue (Rs. in Lacs)

External Sales 11.86 2978.09 2989.95

Notes -

a) The reportable business Segments are "Sugar" and Distillery.

b) The type of products in each business segments are as under:

1. Sugar: Sugar, Molasses and Bagasse.

2. Distillery: - Punjab Medium Liquor (PML), Rectified Spirit (RS), ENA and De-natured spirit.

c) Interdivisional transfers have been valued at prevailing market price.

d) Accumulated losses of Rs. 2879.57 lacs have been excluded from Segments Assets shown above.

e) There is no unallocated amount of revenue /expenses.

15. The information as required by para 3,4C and 4D of part II of Schedule VI of the Companies Act, 1956:-

I. The previous years figures have been recast/regrouped wherever considered necessary to facilitate comparison.

J. Schedule A to G and Annexure 1 to 7 form an integral part of Balance Sheet and Profit & Loss Account.