Notes to Accounts of BDH Industries Ltd.

Mar 31, 2025

XI) PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
Provision

A Provision is recognised 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.

Contingent liabilities

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that
may, but probably will not, require an outflow of resources. Where there is a possible obligation or a
present obligation in respect of which the likelihood of outflow of resources is remote, no provision or
disclosure is made.

Contingent assets

Contingent assets are not recognised in the financial statements. However, contingent assets are assessed
continually and if it is virtually certain that an inflow of economic benefits will arise, the asset and related
income are recognised in the period in which the change occurs.

XII) EARNINGS PER SHARE

Earnings per share is calculated by dividing the net profit or loss before OCI for the year 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 before OCI 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.

XIII) DIVIDEND

Dividend distribution (including Dividend Distribution Tax thereon relating to earlier year) to the Company’s
equity holders is recognized as a liability in the Company’s annual accounts in the year in which the
dividends are approved by the Company’s equity holders.

NOTES ON ACCOUNTS

i) Disclosure as required by Ind AS 108 “Segment Reporting” of the Companies (Indian Accounting
Standards) Rules, 2015

Based on the “management approach” as defined in Ind AS 108, the Chief Operating Decision Maker (CODM)
evaluates the Company’s performance In accordance with Ind AS “Operating Segment”, the Company has only
two reportable operating segment i.e. Pharmaceuticals and Renewable Energy.

The accounting policies adopted for segment reporting are in line with the accounting policy of the Company
with following additional policies for segment reporting.

a) Revenue and Expenses have been identified to a segment on the basis of relationship to operating
activities of the segment. Revenue and Expenses which relate to enterprise as a whole and are not
allocable to a segment on reasonable basis have been disclosed as “Unallocable”.

b) Segment Assets and Segment Liabilities represent Assets and Liabilities in respective segments. Investments,
tax related assets and other assets and liabilities that cannot be allocated to a segment on reasonable
basis have been disclosed as “Unallocable”.

ii) Disclosure in accordance with Ind AS - 19 “Employee Benefits”, of the Companies (Indian Accounting
Standards) Rules, 2015.

The company provides for gratuity for employees in India as per the Payment of Gratuity Act, 1972. Employees
who are in continuous service for a period of 5 years are eligible for gratuity. The amount of gratuity payable on
retirement/termination is the employees last drawn basic salary per month computed proportionately for 15 days
salary multiplied for the number of years of service. The Company makes annual contributions to BDH Industries
Limited Employees’ Group Gratuity Cash Accumulation Scheme of LIC, a funded defined benefit plan for
qualifying employees.

x) Capital Management

For the purpose of the Company’s capital management, capital includes paid-up equity share capital, share
premium and all other equity reserves attributable to the equity holders. The primary objective of the Company’s
capital management is to maximize the shareholders value.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions
and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may
adjust its dividend payment ratio to shareholders, return capital to shareholders or issue fresh shares. The
Company monitors capital using a gearing ratio, which is net debt divided by its total capital. The Company
includes within its net debt the interest bearing loans and borrowings, trade and other payables less cash and
cash equivalents.

xii) Additional disclosure required by Schedule III (amendments dated 24 March, 2021) to the Companies
Act, 2013 :

A. Relationship with Struck off Company

There is no such transaction with the companies struck off under Companies Act, 2013 or Companies Act,
1956.

B. Undisclosed Income

There is no income surrendered or disclosed as income during the current or previous year in the tax
assessments under the Income Tax Act, 1961, that has not been recorded in the books of account.

C. Utilisation of Borrowings Availed from Banks

The borrowings obtained by the Company from banks have been applied for the purposes for which such
loans were taken.

D. Details of Benami Property Held

No proceedings have been initiated on or are pending against the Company for holding benami property
under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

E. Wilful Defaulter

The Company has not been declared wilful defaulter by any bank or financial institution or government or
any government authority.

F. Compliance with Number of Layers of Companies

The Company does not have any subsidiary company.

G. Compliance with Approved Scheme(s) of Arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current
or previous financial year.

H. Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in crypto currency or virtual currency during the current or
previous year.

xiii) Previous years figures have been regrouped / reclassified wherever necessary to correspond with the
current years classification disclosure.

Signature to Note No.1 to 25 of financial statements.

For CLB & Associates For and on Behalf of the Board

Chartered Accountants JAYASHREE NAIR S.C. KACHHARA

Firm Registration Number 124305W

Chairperson & Joint Managing

S SARUPRIA Managing Director Director & CFO

_Partner DIN : 00027467 DIN : 00019666

Membership No.035783

NIKITA PHATAK

Company Secretary
FCS-10547

Mumbai, May 23, 2025

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Mar 31, 2024

Terms and Rights attached to Equity Shares :

The company has one class of equity shares having a par value of ''10 per share. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets after discharging all liabilities of the Company, in proportion to their shareholding.

Based on the “management approach” as defined in Ind AS 108, the Chief Operating Decision Maker (CODM) evaluates the Company’s performance In accordance with Ind AS “Operating Segment”, the Company has only two reportable operating segment i.e. Pharmaceuticals and Renewable Energy.

The accounting policies adopted for segment reporting are in line with the accounting policy of the Company with following additional policies for segment reporting.

a) Revenue and Expenses have been identified to a segment on the basis of relationship to operating activities of the segment. Revenue and Expenses which relate to enterprise as a whole and are not allocable to a segment on reasonable basis have been disclosed as “Unallocable”.

b) Segment Assets and Segment Liabilities represent Assets and Liabilities in respective segments. Investments, tax related assets and other assets and liabilities that cannot be allocated to a segment on reasonable basis have been disclosed as “Unallocable”.

The company provides for gratuity for employees in India as per the Payment of Gratuity Act, 1972. Employees who are in continuous service for a period of 5 years are eligible for gratuity. The amount of gratuity payable on retirement/termination is the employees last drawn basic salary per month computed proportionately for 15 days salary multiplied for the number of years of service. The Company makes annual contributions to BDH Industries Limited Employees’ Group Gratuity Cash Accumulation Scheme of LIC, a funded defined benefit plan for qualifying employees.

viii) DIVIDEND

The Board of Directors at its meeting held on May 18, 2024 has recommended a dividend of ''4.50 per equity share for the year ended March 31,2024. The declaration and payment of dividend is subject to the approval of the shareholders in the Annual General Meeting.

x) Capital Management

For the purpose of the Company’s capital management, capital includes paid-up equity share capital, share premium and all other equity reserves attributable to the equity holders. The primary objective of the Company’s capital management is to maximize the shareholders value.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust its dividend payment ratio to shareholders, return capital to shareholders or issue fresh shares. The Company monitors capital using a gearing ratio, which is net debt divided by its total capital. The Company includes within its net debt the interest bearing loans and borrowings, trade and other payables less cash and cash equivalents.

In order to achieve this overall objective, the Company’s capital management, amongst other things, aims to ensure that it meets the financial covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. Breaches in meeting the financial covenants would permit the lending institutions to immediately call back the loans and borrowings. There have been no breaches in the financial covenants of any interest-bearing loans and borrowing in the current period.

No changes were made in the objectives, policies or processes for managing the capital during the years ended March 31,2024 and March 31,2023.

xii) Additional disclosure required by Schedule III (amendments dated 24 March, 2021) to the Companies Act, 2013 :

A. Relationship with Struck off Company

There is no such transaction with the companies struck off under Companies Act, 2013 or Companies Act, 1956.

B. Undisclosed Income

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income Tax Act, 1961, that has not been recorded in the books of account.

C. Utilisation of Borrowings Availed from Banks

The borrowings obtained by the Company from banks have been applied for the purposes for which such loans were taken.

D. Details of Benami Property Held

No proceedings have been initiated on or are pending against the Company for holding benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

E. Wilful Defaulter

The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

F. Compliance with Number of Layers of Companies

The Company has complied with the number of layers prescribed under the Companies Act, 2013.

G. Compliance with Approved Scheme(s) of Arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.

H. Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

xiii) Previous years figures have been regrouped / reclassified wherever necessary to correspond with the current years classification disclosure.

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Mar 31, 2018

1 GENERAL INFORMATION

BDH INDUSTRIES LIMITED is a public limited company, incorporated in 1990 under the Companies Act, 1956 having its registered office in Mumbai. The company is engaged in manufacturing of therapeutic formulations covering wide range of pharmaceuticals. Its shares are listed on the Bombay Stock Exchange. The company caters to both domestic as well as international market.

a) Terms and Rights attached to Equity Shares :

The company has one class of equity shares having a par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets after discharging all liabilities of the Company, in proportion to their shareholding.

Notes

i) FBC / EBP / EBD is secured by Export Bills Sent for Collections / Purchased and Discounted.

ii) Letter of Credit is secured by goods purchased thereunder.

iii) Overdraft is secured by Book Debts of the company.

iv) Packing Credit and Cash Credit is secured by Hypothecation of Stock

Note No. 2 :

i) Disclosure as required by Ind AS 108 “Segment Reporting” of the Companies (Indian Accounting Standards) Rules, 2015

Based on the “management approach” as defined in Ind AS 108, the Chief Operating Decision Maker (CODM) evaluates the Company’s performance In accordance with Ind AS “Operating Segment”, the Company has only one reportable operating segment i.e. Pharmaceuticals.

ii) Disclosure in accordance with Ind AS - 19 “Employee Benefits”, of the Companies (Indian Accounting Standards) Rules, 2015.

The company provides for gratuity for employees in India as per the Payment of Gratuity Act, 1972. Employees who are in continuous service for a period of 5 years are eligible for gratuity. The amount of gratuity payable on retirement/termination is the employees last drawn basic salary per month computed proportionately for 15 days salary multiplied for the number of years of service. The Company makes annual contributions to BDH Industries Limited Employees’ Group Gratuity Cash Accumulation Scheme of LIC, a funded defined benefit plan for qualifying employees.

The following table summarizes the components of net benefit expense recognized in the Statement of Profit and Loss and the funded status and amounts recognized in the balance sheet.

iii) Disclosure as required by Ind AS 24 “Related Parties” of the Companies (Indian Accounting Standards) Rules, 2015

a) Directors and Key Management Personnels

Ms. Jayashree Nair (Chairperson and Managing Director)

Mr. S.C.Kachhara (Joint Managing Director / CFO)

Ms. Karthika Nair (Non-Executive Director)

Mr. Bhagirath Singh (Independent Director)

Mr. A. V. Menon (Independent Director)

Dr. Dinesh Variar (Independent Director)

b) Relatives of Directors and Key Management Personnels

Name of Related Party Mr. G.L.Kachhara Mr. Ankit Kachhara

c) Others

Karthika Nair Smarak Samithi

vi) DIVIDEND

The Board of Directors at its meeting held on May 29, 2018 has recommended a dividend of Rs. 2.25 per equity share for the year ended March 31, 2018. The declaration and payment of dividend is subject to the approval of the shareholders in the Annual General Meeting.

v) Previous years figures have been regrouped / reclassified wherever necessary to correspond with the current years classification disclosure.

Signature to Note No.1 to 25 of financial statements.

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Mar 31, 2016

1. Terms and Rights attached to Equity Shares :

The company has one class of equity shares having a par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of shareholders in the ensuing Annual General Meeting. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets after discharging all liabilities of the Company, in proportion to their shareholding.

For the year ended 31^st March, 2016 the amount of dividend recommended as distribution to equity shareholders is Rs. 2.00 per share (Previous year - Rs. 1.40 per share plus Special Silver Jubilee Dividend Rs. 0.30 per share, total amounts to Rs. 1.70 per share ) as proposed dividend.

2. Disclosure as required by Accounting Standard - AS 17 “Segment Reporting” issued by Institute of Chartered Accountants of India The entire operations of the Company relate only to one segment viz. pharmaceuticals. As such, there is no separate reportable segment under Accounting Standard - AS 17 on Segment Reporting.

3. Disclosure as required by Accounting Standard - AS 18 “Related Parties” issued by Institute of Chartered Accountants of India

4. Key Management Personnel’s

Mrs. Jayashree Nair (Chairperson and Managing Director)

Mr. S.C.Kachhara (Executive Director / CFO)

Mrs. Karthika Nair (Non-Executive Director)

5. Relatives of Key Management Personnel’s Name of Related Party

Mr. G.L.Kachhara Mr. Ankit Kachhara

6. Others

Karthika Nair Smarak Samithi

7. Previous year’s figures have been regrouped / reclassified wherever necessary to correspond with the current years classification disclosure.

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Mar 31, 2015

Not available

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Mar 31, 2014

1 GENERAL INFORMATION

BDH INDUSTRIES LIMITED is a public limited company engaged in manufacturing of therapeutic formulations covering wide range of pharmaceuticals. Its shares are listed on the Bombay Stock Exchange. The company caters to both domestic as well as international market.

i) Contingent liabilities not provided for : (Rs. in Lakhs) 2013-14 2012-13

i) Bank Guarantees 148.76 140.55

ii) Appeals filed in respect of disputed demands by government authorities against the company

- Income Tax 19.08 70.18

iii) Previous years figures have been regrouped / reclassified wherever necessary to correspond with the current years classification disclosure.

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Mar 31, 2013

1 GENERAL INFORMATION

BDH INDUSTRIES LIMITED is a public limited company engaged in manufacturing of therapeutic formulations covering wide range of pharmaceuticals. Its shares are listed on the Bombay Stock Exchange. The company caters to both domestic as well as international market.

i) Disclosure as required by Accounting Standard - AS 17 "Segment Reporting" issued by Institute of Chartered Accountants of India

The entire operations of the Company relate only to one segment viz. pharmaceuticals. As such, there is no separate reportable segment under Accounting Standard - AS 17 on Segment Reporting.

ii) Disclosure as required by Accounting Standard - AS 18 "Related Parties" issued by Institute of Chartered Accountants of India

a) Key Management Personnels Name of Related Party

Mrs. Jayashree Nair (Chairperson and Managing Director)

Mr. S.C.Kachhara (Executive Director)

Mrs. Karthika Nair (Non - Executive Director)

b) Relatives of Key Management Personnels Name of Related Party

Mr. G.L.Kachhara Mr. Ankit Kachhara

c) Others

Karthika Nair Smarak Samithi

iii) Contingent liabilities not provided for :

(Rs. in lakhs) Particulars 2012-2013 2011-2012

i) Bank Guarantees 140.55 147.07

ii) Appeals filed in respect of disputed demands by government authorities against the company

- Income Tax 70.18 78.44

iv) Previous years figures have been regrouped / reclassified wherever necessary to correspond with the current years classification disclosure.

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Mar 31, 2012

A) Terms and Rights attached to Equity Shares :

The company has one class of equity shares having a par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of shareholders in the ensuing Annual General Meeting. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets after discharging all liabilities of the Company, in proportion to their shareholding.

For the year ended 31st March, 2012 the amount of dividend recognized as distribution to equity shareholders is Rs. 0.60 per share (Previous year - Rs. 0.50 per share) as proposed dividend.

Notes :

i) FBC / EBP / EBD is secured by Export bills sent for collections / purchased and discounted.

ii) Letter of Credit is secured by goods purchased thereunder.

iii) Overdraft is secured by book debts of the company.

iv) Packing Credit and Cash Credit is secured by hypothecation of stock.

1 GENERAL INFORMATION

BDH INDUSTRIES LIMITED is a public limited company engaged in manufacturing of therapeutic formulations covering wide range of pharmaceuticals. Its shares are listed on the Bombay Stock Exchange. The company caters to both domestic as well as international market.

i) Disclosure as required by Accounting Standard - AS 17 "Segment Reporting" issued by Institute of Chartered Accountants of India

The entire operations of the Company relate only to one segment viz. pharmaceuticals. As such, there is no separate reportable segment under Accounting Standard - AS 17 on Segment Reporting.

ii) Disclosure as required by Accounting Standard - AS 18 "Related Parties" issued by Institute of Chartered Accountants of India

a) Key Management Personnels Name of Related Party

Mrs. Jayashree Nair (Chairperson and Managing Director)

Mr. S.C.Kachhara (Executive Director)

Mrs. Karthika Nair (Non - Executive Director)

b) Relatives of Key Management Personnels

Name of Related Party

Mr. G.L.Kachhara

Mr. Ankit Kachhara

c) Others

Karthika Nair Smarak Samithi

iii) The Company has reclassified the published previous years figures to conform to the norms of the Revised ScheduleVI. The adoption of Revised Schedule VI does not impact recognition and measurement principles followed for preparation of the financial statements. However, it significantly impacts presentations and disclosures made in the financial statements.

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Mar 31, 2010

1. In respect ol the shed at Umbergaon, depreciation has not been provided smce ihe shed was not put to use during the year under review Depreciation pertaining to the revaluation of assets is credited back to the Profit & Loss account

2. in the opinion ot the Board the Current Assets and Loans and Advances are approximately of the value staled if realized in the ordinary course of business. The provision for depreciation and known liability is adequate and not in excess of the amount reasonably necessary

3. The stipulated time for construction of factory building in respect ol Leasehold Land at Waluj and Kudal has been expired However, the management has applied to MlOC for extension

4. During the year the company has taken credit of Excise Duty of Rs 5952709 (Previous Year Rs. .5743658) on purchase of Raw Material and Packing Material under the CENVAT Scheme

5. S.S.I. CREDITORS

Pursuant to the amendment to Schedule VI ol the Companies Act, 1956 In March 1999 regarding disclosure ol amount due to creditors which are Smal Scale Industries (SSIs), the company has initiated the process of collecting the information from the creditors regarding their SSI status, which is still in progress. therefore tne compilation ol break-up ol the sundry creditors between the SSIs and the others could not be made

6. CONTINGENT LIABILITIES NOT PROVIDED FOR

(Rs. in Lacs)

2009-10 2008-09

(a) Bank Guarantees 103.61 211.89

(b) Claims against the Company not

acknowledged as debt 10.00 10.00

(c) Appeals filed in respect of disputed demands by government authorities against the company:

-Income Tax 94.10 72.57

7. RELATED PARTIES DISCLOSURES

A) Key Management Personnels

Name of Related Party Nature of relationship

Mrs. Jayashree Nair Chairperson & Managing Director

Mr. S. C. Kachhara Executive Director

Mrs Karthlka Nair Director

B) Relatives of Key Management Personnels Name of Related Party Nature ol relationship

Mr G L Kachhara Brother of Mr S C Kachhara

Mr Ankit Kachhara Son of Mr. S. C Kachhara

C) Others

Name of Related Party Nature of relationship

Karthfca Nar Smarak Same Mrs Jayashree Mar - Presldert, Mrs Karthika Nair - Secretary

8. Debrt and Credit balances generated in normal course of business of Debtors, Creditors and AchatKKS are subect to con&maiion and reconciliation

9. The figures in brackets are in respect of previous year

10. The figures of previous year have been regrouped and/or rearranged and/or restated wherever considered necessary

11. Additional information pursuant to the provision of part IV of schedule Vi to the Companies Act 1956 Annexure -1