5329260316

Made in
India.
Made for
India.
Insights
Ideas
Impact
Annual Report 2015 16

This year’s report
Corporate Performance Governance Financial

Overview Statements
01-23 24-50 51-101 102-173
02 The World of 24 Financial Highlights 51 Corporate 102 Standalone Financial

Jyothy Laboratories Information Statements
26 Made to Deliver
06 Made in India. 52 Directors’ Report 140 Consolidated
28 M.R. Jyothy’s
Made for India. Financial Statements
Communiqué 88 Report on
Make in India Corporate
30 Segment Overview
is About Governance
36 Board of Directors
08 Pride & Excellence
38 Management
10 Digital India
Discussion &
12 Inclusive Growth Analysis
14 Domestic
Consumption
16 Self-Reliance
18 Youth Power
20 Chairman and
MD’s Statement
22 Q&A with Joint
Managing
Director and CFO
Stay informed.
This year’s report is complemented by a
range of online information and resources:
Investor
Centre Annual
Report
Main site
Visit the Investor Centre and Media Centre
Corporate
site on our corporate website to stay up-to-
annualreport2016/jyothylaboratorieslimited.com
date on Jyothy Laboratories’ results, latest
http://www.jyothylaboratories.com/ Visit our online annual report site. Each section
press releases, presentations, conference
Key sections include About Us, Our Brands, call transcripts, quarterly results and code of the annual report can be downloaded in pdf
Investor and Media Centre. format.
of conduct.
From a humble family-owned business in 1983 from Kerala to a national
corporate house in 2016, Jyothy Laboratories Limited has been driven
by one vision: giving Indians the best in the world.
With each offering made to the consumer, we hope to instil a sense of

pride and wellbeing. We understand this billion-strong population, and
everything we do creates a stronger connection with the country.
EVERY MOMENT, WE
ARE GRATEFUL FOR
THIS RELATIONSHIP
OF DEEP AND
COMPLETE TRUST.
2 Jyothy Laboratories Limited
Annual Report 2015-16
The World of
Jyothy Laboratories
WE HAVE OFFERINGS IN
FABRIC CARE, DISH WASH,
HOUSEHOLD INSECTICIDE AND
PERSONAL CARE. OUR BRANDS
ARE HOUSEHOLD NAMES SUCH
AS UJALA, HENKO, EXO, PRIL,
MAXO AND MARGO.
Corporate Overview Performance Governance Financial Statements 3
OUR BUSINESS OUR ORGANISATION OUR INSPIRATION

Jyothy Laboratories Limited is in the With a market capitalisation in excess We do not follow. We lead.
business of meeting the everyday needs of ` 5,200 crore as on March 31, 2016, Every product launched by the Company
of consumers by creating well-packaged and total sales of ` 1,644.73 crore, the is backed by cutting-edge ideas and
and technologically advanced products Company’s operations are spread across innovation in the industry. With that
in four segments of the fast-moving the length and breadth of the country, strategy and intent, all our brands
consumer goods industry. We have comprising 24 manufacturing facilities ÌɚsEsOŸŎsƼǋŸʩǼEĶsÞŘǼÌsǣÌŸǋǼsǣǼ
offerings in fabric care, dish wash, across 14 locations, two research possible time.
household insecticide and personal care. and development centres, and 5,500
Our brands are household names such committed employees. Our sustained success has come
as Ujala, Henko, Exo, Pril, Maxo and from never losing sight of the main
Margo. We are also in the business of purpose: to make life better, happier
laundry services. for the common man – or in our case,
the common woman, as she was the
OŸŘǣȖŎsǋŸ¯ŸȖǋʩǋǣǼƼǋŸ_ȖOǼʰȕĠĶʳ
1
OUR BIG MOMENT OUR NETWORK OUR PEOPLE
A watershed moment came in 2011, with Jyothy Laboratories today covers about We are a company that puts the best
the acquisition of the controlling stake in 0.6 million direct sales outlets across people in the right jobs. Our highly
Henkel India Limited, the local arm of the the country through our sales team and experienced senior executives make
German FMCG giant. This was more than 1 million outlets through stockists. Our Jyothy Laboratories more competitive,
a business deal. It was a matter of great products like Ujala Fabric Whitener is drive new product developments and
pride that we had the reach and resources available in 2.9 million retail outlets. Our chart a growth path. At every level, there
ǼŸOOŸŎƼĶÞǣÌǼÌÞǣʳōŸǋsǣÞ¶ŘÞʩOŘǼĶɴʰ priority is deeper and wider penetration is top-down training and grooming
ɠsɠsǋsǼÌsʩǋǣǼŎĠŸǋÝŘ_ÞŘƼĶɴsǋǼŸ into the most promising markets. for higher roles. Employees receive
acquire a foreign company’s consumer Besides making the products available continuous guidance in technical,
business in this country. in more places, the sales network focus functional and leadership skills. Our sales
is on reaching the right stores. We force, affectionately called the ‘white
build relationships with outlets that are army’, has a thorough knowledge of
best placed to give us access to the territories. Passion, creativity, speed and
OUR STRATEGY
Ǽǋ¶sǼOŸŘǣȖŎsǋǣ¯ŸǋǣƼsOÞʩOEǋŘ_ǣʳ hard work sum up our work culture. We
Jyothy Laboratories has a clear
This brings the maximal return on the have the industry’s best human resource
strategic intent: we want to focus
investment in distribution network. Also, practices, making every employee feel
on strengthening our position as
changes in logistics now allow for a like family.
manufacturer of superior products,
much shorter transit time, enabling us
with brands that are backed by
to quickly replenish stocks in these sales
strong investments. Brand innovation,
outlets whenever required.
targeted messaging, re-launching and OUR PROMISE
repackaging brands to keep in tune with Right price points for products,
the evolving consumer has helped us convenient packaging, extensive
grow. OUR REACH distribution, and strategic
We connect with sales outlets through OŸŎŎȖŘÞOǼÞŸŘǋsǼÌs¯ŸȖǋ_sʩŘÞŘ¶
an aggressive ‘feet on street’ strategy, aspects of our business. We focus on
which pays off handsomely. Today, our simple, strong, sincere ways of serving
OUR PATH TO GROWTH
1,978-strong sales force has ensured that consumers.
Three elements have helped us on our
our products are available across more
journey. First, the voice of the consumer
than 1,400 stockists, 260 super-stockists
– we listen and gather genuine insights;
and 4,000 sub-stockists, and that we can
ǣsOŸŘ_ʰŸȖǋƼǋŸOsǣǣs¯ʩOÞsŘOɴ˛ɠs OUR USP
reach out to the smallest of urban and
_ǋÞɚssŘ_˚ǼŸ˚sŘ_s¯ʩOÞsŘOÞsǣOǋŸǣǣŸȖǋ In a world of business rules, Jyothy
rural towns. In 2015-16, we added 42,200
value chain; and third, our organisation- Laboratories is an exception. We have
more rural outlets over the previous
building capabilities. All of this has the power of small’
proved ‘the small – small
ɴsǋ˅ǣʩ¶ȖǋsʳÝŘOǋsǣs_OŸɚsǋ¶sŘ_
helped us strengthen our presence on g ideas
insights leading to big idea
ideass and
go-to-market strategy for rural centres
ground and in the market place. amazing impact.
are expected to help us sustain growth.
WE HAVE PROVED
‘THE POWER OF SMALL’
- SMALL INSIGHTS
LEADING TO BIG IDEAS
AND AMAZING IMPACT.
Our Story in
Numbers
1 million
Outlets reached through
0.6 million
Outlets reached through
stockists direct sales team
24
Manufacturing clusters
1,978
Sales team members ensuring
across India Jyothy Laboratories’ products
are available across India
263%
Growth in net revenues
from 2011 to 2016, CAGR
of 21.3% over 5 years
Made in India.
Made for India.
Insights
Ideas
Impact
‘MAKE IN INDIA’ IS THE
BIGGEST BRAND THIS
COUNTRY HAS EVER
CREATED.
It has drawn the world’s attention to ŸŘʰŘ_ǼÌǼǼÌsɴɠÞĶĶEsŎ_sǼŸ¯ȖĶʩĶ close relationship we build with our
Indian manufacturing capabilities and its every Indian’s needs and desires. consumers, listening to them, seeing
R&D prowess; the power of exceptional things like they do; converting these
quality products and brilliant minds Driven by this ambitious goal, every day, insights into solutions that are useful,
ǼÌǼOŘɚÞǣȖĶÞǣsÞŘʩŘÞǼsƼŸǣǣÞEÞĶÞǼÞsǣʱ we put all our passion, capital, blood and unique and unparalleled; and ensuring
innovative ideas, solutions and skills that sweat into creating products that are that a positive impact comes from the
only need the fuel of good policy and best in their class and promise to make a unprecedented value we put into every
investment to rocket upwards. lasting difference to the lives of Indians, product, every day, every minute.
give them something no one has given
We at Jyothy Laboratories Limited began before. Jyothy Laboratories has been on a
our journey down that road more than ŎÞǣǣÞŸŘ¯ǋŸŎǼÌsɚsǋɴʩǋǣǼ_ɴʳ
three decades ago. Since inception, Translating our vision into reality is
ŸȖǋƼÌÞĶŸǣŸƼÌɴɠǣʩǋŎĶɴǋŸŸǼs_ÞŘ our triple ‘I’ approach – Insights, Ideas, Our mission now mirrors a national
the belief that we can make the best Impact – to business: generating sharp, initiative.
products we set our hearts and minds incisive insights that come from the very
Make in India
is About
Pride and
Excellence
Best-in-class manufacturing infrastructure

and world-class products. That is India’s
mantra in this century. The blueprint for
making this country a global manufacturing
destination has been created. Pride in our
capabilities and our products is rising.
Together, we must seize the day.
For Indian manufacturing to achieve Lean engineering, automation,

supremacy on the global landscape, capacity de-bottlenecking has helped
excellence is the only key. We must us to reinforce effectiveness in our
develop new technologies and operations. Through consolidation
augment our manufacturing prowess of our manufacturing units, we have
to international standards. The ǣÞŎƼĶÞʩs_ǼÌsƼǋŸOsǣǣŸ¯ǣŸȖǋOÞŘ¶Ř_
emphasis has to be upon zero defects procurement. Additionally, we have
in production and zero impact on the ǋsƼs_s¯ʩOÞsŘOɴ¶ÞŘǣ_ȖsǼŸǼÌs
environment. EsŘsʩǼǣŸ¯ǣOĶÞŘ¶ƼǋŸ_ȖOǼÞŸŘʳ
Jyothy Laboratories has invested The key to producing excellence, day

ÞŘǼÌÞǣ¯ǋŸŎǼÌsɚsǋɴʩǋǣǼ_ɴʱǼÌÞǣ after day, year after year is through
is what makes us different. Always continual investments in research and
manufacturing in-house ensures strict development. The results of our R&D
quality control, and the deployment of efforts are manifested in our strong
the right processes makes our products product innovation pipeline.
environment-friendly. Our strong focus
on quality has led us to integrate Quality Manufacturing units in India should
Module in our ERP systems. Periodic become centres of excellence – they
audits at plants, quality control audits at should not only produce goods, but
third-party locations, and documentation produce world-class goods that are
of lab practices in the Quality Manual are unbeatable value for money. With
the other methods adopted to ensure strong conviction in our manufacturing
our products score high on the quality ǣǼǋsŘ¶ǼÌǣʰɠsǋsOŸŘʩ_sŘǼŸ¯EÞ¶¶sǋ
parameter. and brighter tomorrow.
Make in India
is About
Digital
India
It used to be said that knowledge is

power. That remains true, but in this
century, digitisation is power. Digitisation
is, indeed, the channel through which
NQRZOHGJHÀRZVLQDEXQGDQFH,WLVWKH
lifeline of modern industry, the foundation
of skill-building, and the enabler of a level
playing ground.
The government’s digital policy aims performers, accelerating career

to empower Indians. Harnessing advancement. With the errors resulting
technology can give them access from human intervention minimised, the
to greater employment and skill employee satisfaction rate has spiralled
development opportunities. Digital tools upwards.
can connect trained tradespeople and
small entrepreneurs with the right clients The ultimate positive outcome of any
and markets. In governance, digitisation _Þ¶ÞǼĶÞŘÞǼÞǼÞɚsÞǣǼŸ¯ȖĶʩĶǼÌsÌȖŎŘ
removes bottlenecks, facilitating start- potential. Investment in technology
ups, letting business owners devote is really about investment in people.
their energies to productive work. The Just the reason why automation at the
overarching purpose is to turn India manufacturing units is meant to make
into a digitally empowered society and our products perfect, but never to
knowledge economy. downsize manpower.
Jyothy Laboratories has made optimal The digital world knows no limits, just
use of technology for a range of like human potential.
functions, in particular, human resource ɟsǋsOŸŘʩ_sŘǼǼÌǼǼÌǋŸȖ¶ÌŸŘsʰɠs
development and deeper market reach. can unleash the other.
Digitisation has helped us streamline
administrative functions, letting
employees speedily carry out procedures
through a self-servicing platform. Digital
records of employee appraisals have
increased the visibility of outstanding
Make in India
is About
Inclusive
Growth
If India is to rise and rise some more, no

one can be left behind. There is a treasure
trove of talent waiting to be discovered
everywhere, in the remotest corners of
the country. Women, in particular, can
become the strongest growth drivers of
this economy. In our march forward,
everyone must walk to the same rhythm.
The cornerstone of the state policy is Corporate social responsibility

to take progress to every nook and programmes are undertaken to not only
cranny of the country, to help people in improve people’s life, but also to give
myriad little ways. Villagers are getting them a space from where they can step
more targeted subsidies and women out with a sense of pride and hope.
entrepreneurs are promised access to ŷȖǋEsŘsʩOÞǋÞsǣǋsƼǋÞŎǋÞĶɴ¶ÞǋĶǣŘ_
easier loans. Inclusive growth is about women. They are the ones most in need
raising the standard of living through of a helping hand; they are also the
ʩŘŘOÞĶÞŘOĶȖǣÞŸŘŘ_ǋȖǋĶsŎƼĶŸɴŎsŘǼ ones who change society the most when
schemes. empowered.
The core belief of Jyothy Laboratories is As with our product innovations, our
that Indian corporate houses must go to social initiatives, too, are designed for
the rural areas and create jobs. Women’s the maximum impact.
inclusion is a fundamental of the
Company policy. At the manufacturing Progress is permanent only when
ȖŘÞǼǣ¯ŸǋŸȖǋʩǋǣǼEǋŘ_ȕĠĶʰɠŸŎsŘ gether.
everyone walks together.
workers outnumber men. Within the
Company, we promote equality and
inclusion through our people-friendly
measures. No distinction is made
between higher and lower ranks of
employees in providing health care.
Make in India
is About
Domestic
Consumption
India is about booming consumerism and

thriving aspirations. It is a land of exciting
opportunities and boundless possibilities,
with one of the most promising growth
potential globally, the nation is ready for a
consumption wave.
In a country on the go, wants and needs grow. We are in the household goods
evolve rapidly. Now exposed to the best space, directly related to people’s
in the world, consumers here expect ket
health and hygiene. Making this market
to see that same standard – or better grow has meant constantly renewing
– from home-grown manufacturers. ers
connections, reaching out to consumers
The expanding Indian middle class are ier.
not served by what was available earlier.
big spenders; they are also increasingly
conscious of the value proposition of Encouraging domestic consumption
brands backed by solid research and is, for us, both a business need and
development. The people here have a a valuable contribution to national
strong desire for competitive pricing progress, which we are optimistic will
combined with the best quality. make our economy future-proof.
At Jyothy Laboratories, the endeavour Today, for the global conglomerates,

¯ǋŸŎǼÌsɚsǋɴʩǋǣǼ_ɴÌǣEssŘǼŸ w it
India is the land of promise. We knew
serve the domestic market, to introduce en
long ago, and that knowledge has been
people to the world-beating technology our best ally.
that an Indian company can offer.
Localised, affordable goods, created
by understanding the minute details of
people’s life, have helped this Company
Make in India
is About
Self-Reliance
People make a nation. Their skills make

the economy. When citizens are highly
skilled and their entrepreneurial spirit
LV¿UHGXSDFRXQWU\WUDQVIRUPVLWVHOI
from ground up. Indians of today have
enormous potential to be job creators,
not just job-seekers. The possibilities are
endless. And exciting.
Skilling India and Make in India are two We motivate employees in order to
sides of the same coin. Skill leads to build an engaged workforce. Training
employment, or self-employment, and and guidance are given at every step,
that has a cascading effect on the entire Ř_Ķs_sǋǣÌÞƼǇȖĶÞǼÞsǣÞ_sŘǼÞʩs_Ř_
community. The desire for self-reliance encouraged. New growth avenues are
ǣƼǋs_ǣĶÞĨsɠÞĶ_ʩǋsʰ¶ÞɚÞŘ¶ƼsŸƼĶsǼÌs always made available to the most
OŸŘʩ_sŘOsǼŸŎŸɚs¯Ÿǋɠǋ_¯ǣǼsǋʳ deserving. A ‘Skill Recognition Award’
Modern India has made the promotion puts the outstanding employees in
of entrepreneurship its priority. The aim the limelight, making them feel valued
is to develop and channel the energy and inspiring others. Besides technical
of our greatest resource: our young, knowledge, enthusiasm and innovation
energetic population. Skill training and are also rewarded.
industrial training are among the primary
objectives of the ‘Skill India’ mission. There is no doubt that the qualities
ɠsʩŘ_Ř_ŘȖǋǼȖǋsÞŘŸȖǋsŎƼĶŸɴssǣ
At Jyothy Laboratories, we embrace are present in most Indians. It is our
building skill sets with passion and responsibility to give them a chance
aggression. We have always believed to shine. Every Indian company must
that the answer to greater and sustained partner the nation in the Skill India
prosperity for a company and a nation programme. We shall leave no stone
lies in encouraging employability and unturned to create a workforce that will
development. With over three decades row.
contribute to an enriching tomorrow.
of enhancing the skills of its own
employees and of the communities that
Jyothy Laboratories sees as its own, the
Company is committed to the goal of
complete self-reliance.
Make in India
is About
Youth
Power
The energy of the millennials is India’s

greatest strength. As much world citizens
are rooted in the country’s tradition, they
DUHWKHFRQVXPHUVRIWKHIXWXUH)XO¿OOLQJ
their unmet needs is the key to success.
The majority of the country’s population our loyal customer base built over three
ÞǣEsĶŸɠǼÌs¶sŸ¯ǼÌÞǋǼɴ˚ʩɚsʳǻÌÞǣ decades, our focus is on engaging
generation is proud of home-grown with the millennials through strategic
ingenuity, and wants to triumph against communication, earning their trust and
every international benchmark. Global admiration.
businesses woo them as consumers,
yet they remain supportive of national We are not thirty-three years old; we are
brands that deliver world-class quality. thirty-three years young and average
age of our employees is below thirty-
Today’s India is driven by their three. As a Company, we are among the
aspirations. This population is millennial. Like the youth, our optimism
demanding, and that compels businesses and ambition knows no bounds. Every
to innovate. The youth are the catalysts innovation that will happen in this
for the transformation of modern century can happen here. We shall make
industry. it so.
Jyothy Laboratories has always believed

that the future is here. We are certain
that as India grows, youth power shall
propel national brands to positions of
market leadership. Even as we retain
Chairman and
MD’s Statement
DEAR SHAREHOLDERS, better for the people of this country to make a real impact, working in a
by manufacturing world-class products focussed manner. We have put all our
It pleases me to say that we have using local skills. We believe that money in one district in Kerala, where
ʩŘÞǣÌs_ɴsǼŘŸǼÌsǋɴsǋOĶÞŎEÞŘ¶ indigenous skill should be much better the company started. In the Thrissur
a few more steps towards growth. than what is available abroad. district, we have installed 350 good
ŗŸɠɠsƼǋsǣsŘǼǼŸɴŸȖǼÌsǣÞ¶ŘÞʩOŘǼ toilets in all the government schools for
shareholder value that was created by At Jyothy Laboratories, we want to – girls. Then we built homes for people
the strong performance of our team. and we do – contribute something to who were displaced by a dam project
make the nation proud. ‘Make in India’ but were given land by the government.
The market is never without challenges, should spread across the country; we go We also gave pukka houses to 27
but we have continued on a growth to the rural areas and create jobs. We ɠÞ_ŸɠǣŸ¯ʩǣÌsǋŎsŘʳ
trajectory, reinforcing core strengths, believe that the manufacturing sector
which enabled us to ride out the can reduce the excessive dependence on OFFERING PRODUCTS DIFFERENTLY
macroeconomic uncertainties. I can agriculture and bring more people into The keystone for us is differentiation
ǼsĶĶɴŸȖɠÞǼÌOŸŎƼĶsǼsOŸŘʩ_sŘOs˛ the bracket of prosperity. – every one of our products has to
OŸŘʩ_sŘOsǼÌǼÞǣEǣs_ŸŘǼÌsÞŎŎsŘǣs have a USP, every single product must
power of the whole Jyothy Laboratories Our corporate social responsibility be different and better than other
team – that we are poised for larger initiatives are driven by the same products in its class. With each new
tasks. principle of making Indians proud. When launch, we have targeted a particular
we present underprivileged widows or segment, offering a solution that Jyothy
We shall do everything to retain this adivasis with the gift of housing, they ĵEŸǋǼŸǋÞsǣǼÌŸȖ¶ÌǼŸ¯ʩǋǣǼʳ
winning edge, and the national policy get more than a shelter; they develop a
environment in the country has become greater degree of self-esteem, as they The consumers always deserve better;
our tailwind. This environment is are now able to step out from a place it is possible to always give them
extremely encouraging for businesses they can call their own. something better. Society grows by
like your Company. We have always been always wanting more.
in India, for India, and we are proud of Business, for us, is so much more than
‘Make in India’. The initiative, launched numbers. It has a higher purpose, that In keeping with this, the technology used
in late 2014, gained momentum in 2015, of giving back to society. Our people in our manufacturing is of the highest
the year under review in this report. connect helps us to identify the most quality. Our plants are highly automated
We have walked this path from our relevant areas of corporate social for the purpose of making the output as
inception. The fundamental principle responsibility. CSR is very important perfect as possible. Simultaneously, we
of Jyothy Laboratories is making life to us, and we choose our programmes invest in manpower and strengthen the
“WHEN AN ORGANISATION HAS ALL

THE RIGHT SYSTEMS AND A TEAM
WITH ITS HEART AND BRAIN IN PLACE,
IT CAN FOCUS ON DELIVERING THE
GREATEST VALUE TO THE CUSTOMERS
AND INVESTORS.”
M. P. Ramachandran
Chairman
& Managing Director
people connect, so that we can think like recommended a dividend of 500 per sustainable, room for giving more value
a consumer and imagine what they want. cent, or ` 5 per share, inclusive of for money. In the years when external
Consumers have desires, but are not the interim dividend of 400 per cent factors make business easy, we do not
always able to articulate them. It is up to declared and paid earlier. take it easy – we set the bar still higher
us to draw out that desire, and create an and create something unique.
inspired offering. The external challenges during the year
under review, mainly the subdued rural This journey of three decades is that of
As a business, our success is based on demand caused by low rainfall, were the entire Jyothy Laboratories family,
the insight gained from reading the somewhat mitigated by the drop in oil as we have earned the loyalty of
consumer’s mind; crystallising that into a prices, which reduced our input costs. both employees and consumers. Our
viable product idea; and then developing Automation of our manufacturing units OŸŘǣÞǣǼsŘǼĶɴƼŸǣÞǼÞɚsʩŘŘOÞĶǋsǣȖĶǼǣŘ_
that product to make a meaningful cut operational expenses. The marketing solid reputation are the outcome of the
impact for the consumer. So, with pride, strategy continued to centre around efforts made by everyone at every level.
I can share that the three pillars of your people power. Our brand ambassadors
Company are: insights, ideas and impact. are celebrities, but our real connect with We thank all the people within and
consumers and sales outlets comes from outside the organisation who have
TRANSLATING OUR EFFORTS INTO a proprietary system of building on- placed their faith in Jyothy Laboratories
NUMBERS the-ground relationships. This is a very – our highly energised team; our supply
The strategy of launching unique cost-effective way to grow. The strategy chain stakeholders; and our valued
products, and reinventing brands with of developing people and developing shareholders, who always give us such
newer advantages, has led us to an technology further streamlined our excellent support.
overall 9.3 per cent growth during the operations. When an organisation has
year under review. The operating EBIDTA all the right systems and a team with Our ceaseless endeavour has been
jumped to ` 237.6 crore, a sharp increase its heart and brain in place, it can focus to build trust and value, and we shall
of 24 per cent over the previous year. on delivering the greatest value to the continue doing so, giving all we can to
Each of our six Powerbrands gained customers and investors. the dream of making India a better place
market share and the overall Powerbrand on the globe.
ǣĶsǣÞŘOǋsǣs_ˠ˟ʳˢƼsǋOsŘǼʳNǣÌƼǋŸʩǼ GOING FORWARD
stood at ` 206.9 crore, an increase of The strategy of your Company is to
13.4 per cent over the previous year. consolidate and grow by presenting
products and experiences that capture M. P. Ramachandran
Our working capital cycle, which was the imagination of a new generation. Chairman & Managing Director
down to 17 days in FY14-15 from
27 days in FY13-14, has now come We see every year as an opportunity
down to 14 days in FY15-16. Based rather than a challenge; there is always
on our positive results, the Board has room to grow, room to become more
22 JYOTHY LABORATORIES LIMITED
ANNUAL REPORT 2015-16
Q&A with Joint Managing

Director and CFO
Ullas Kamath, Joint Managing Director, sheds light on the insights, ideas and
impact that have helped Jyothy Laboratories move steadily ahead in the industry,
powered by both business gains and customer trust
“WHEN A COUNTRY DOES WELL,

EVERYONE DOES WELL. ONCE THE
UPSWING COMES, THE COMPANIES THAT
ARE EXCEPTIONALLY WELL-POSITIONED
WILL DO EXCEPTIONALLY WELL – AND WE
ARE ONE OF THEM.”
HOW DO YOU SEE THE PAST YEAR WHAT ARE THE BIGGEST STRENGTHS Company, helping us adapt still faster
FOR JYOTHY LABORATORIES, IN OF JYOTHY LABORATORIES IN THE to changes in consumer needs and
RELATION TO THE INDUSTRY AND CONTEXT OF INDIAN COMPANIES spending patterns.
THE NATIONAL ECONOMY? COMPETING WITH INTERNATIONAL
To answer that, let me talk about the PLAYERS?
ğɴŸǼÌɴĵEŸǋǼŸǋÞsǣ^ŗʩǋǣǼʳDsOȖǣs Our portfolio has products that are WHAT IS THE BEST THING TO
our performance in the past year stands of world standard and offered at an HAVE HAPPENED AT JYOTHY
on the shoulders of our achievements affordable price. We are competing LABORATORIES IN THE PAST COUPLE
of more than three decades. During with the multinationals, and all our OF YEARS?
this time, we have positioned ourselves EǋŘ_ǣÌɚsEsOŸŎsƼǋŸʩǼEĶsÞŘǼÌs As we expanded across segments
as a company catering to the needs of shortest possible time. We have taken and launched new products within
every Indian household. Those needs ŸŘǼÌsʩsǋOsǣǼOŸŎƼsǼÞǼÞŸŘŘ_OŸŎs those segments, we also built a great
can only grow, and we have a long track out a winner, because of our ear-to- management team to deliver the desired
record of meeting them effectively. All the-ground insights, the agility of results. The major transformation,
our product innovation has been done our product idea development, and as I said, began from the point of
keeping in mind the smallest details of a the impact of our precisely targeted acquiring Henkel India. We were already
consumer’s life. communication. With every launch, the doing very well, taking leadership
Company has been able to disrupt that positions in extremely competitive
Against this backdrop, in the year under particular category, gaining market share product segments. Building on that,
review, compared to the rest of the at an exponential rate. we revamped our management
FMCG industry, we have done well. As policies and systems, and brought
for the national economy, it all comes new team members on board, making
down to job creation and consumption. ARE YOU ALSO ABLE TO REACH OUT the company culture even more
The ‘Make in India’ initiative is very TO EVERY CONSUMER SEGMENT performance-driven. As a result, we are
important in this context. Because of NOW? ŘŸɠŎȖOÌŎŸǋsǣǼǋsŎĶÞŘs_ʰs¯ʩOÞsŘǼʰ
this initiative, Indian manufacturing Yes, indeed. Following the acquisition of Ř_EsǼǼsǋ¯ŸǋǼÞʩs_¶ÞŘǣǼsɮǼsǋŘĶ
is getting the attention it has never the Henkel India bouquet of products, factors.
got before. ‘Make in India’ is about our Company has a presence in every
OŸŘʩ_sŘOsÞŘɴŸȖǋŸɠŘǣǼǋsŘ¶ǼÌǣʰÞǼÞǣ consumer segment. That acquisition All aspects of key functions were looked
about self-reliance in manufacturing was a turning point in other ways, at with a critical eye – this included
and quality – things we have always too – it infused an additional measure sales, marketing, manufacturing,
believed in. of modern business practices into the research and development, and human
Ullas Kamath
Joint Managing Director
and CFO
resource development. To help the new challenges. Our Company is about WHAT IS YOUR STRATEGY FOR
management team stay focussed on having the right direction at the right CREATING A NEW GENERATION OF
the new goals, we set annual KPI (key time in the right country. LOYAL CONSUMERS?
performance indicator) metrics and A growth strategy must always be
monthly reviews. around innovation. And innovation in
AND THE FACTORS DRIVING THE our industry has to be driven by insights.
JYOTHY LABORATORIES GROWTH? If a company has insights into the mind
HOW DO YOU SEE THE ROLE Well, let me say that we have delivered of the youth, it would do well. In this
OF CORPORATE INDIA IN on every front: excellent and relevant country, 65 per cent of the population
THE COUNTRY’S INCLUSIVE products; the most advanced research is under 35 years of age; they are the
GROWTH? AND THAT OF JYOTHY and development; strategic brand consumers of the future.
LABORATORIES PARTICULARLY? extensions; optimal advertising and
Inclusive growth means, when a country sales force to propagate our brands; For instance, our Powerbrand Ujala is not
does well, everyone does well. Once and an apt communication strategy. ŸŘĶɴɠÞǼÌǼÌsʩǋǣǼȕĠĶɠŸŎŘʰEȖǼĶǣŸ
that upswing comes, the companies that Jyothy Laboratories is family owned with her daughter or her granddaughter.
are exceptionally well-positioned will professionally managed and the most If they – the youth – stay with our
do exceptionally well – and we are one modern business practices which means brands, that makes a big difference.
of them. That is going to be the India a great culture.
¶ǋŸɠǼÌǣǼŸǋɴʳɟsʩǋŎĶɴǣǼǼsǼÌǼɠs
are with the government initiative. Only SO YOU REACH OUT TO SOCIETY
companies with great differentiated PLEASE SAY MORE ABOUT THROUGH YOUR BUSINESS?
products can grow this country. We have YOUR ORGANISATION AND Absolutely, yes. A company making
to create jobs. We have to be everywhere. POWERBRANDS. ¶ǋsǼƼǋŸ_ȖOǼǣŎĨsǣƼǋŸʩǼʰŸEɚÞŸȖǣĶɴʰ
We believe in India’s growth story. The organisation is nimble, with but it also makes the national economy
complete control on our manufacturing and society that much more vibrant.
and R&D, the essential drivers of From excellence in manufacturing to job
WHAT ARE THE SPECIFIC STEPS YOU success. Our reach is deep, covering creation, from promoting educational
HAVE TAKEN – OR WILL – IN THIS places even with small populations. The facilities to helping the marginalised, in
DIRECTION? insights we gather, the way we ideate, every way, we exemplify the key facets of
At present, the government has given and then make an impact, all of that the roadmap laid out by the government
impetus to skill development and has helped us replicate the success of ÞŘÞǼÞǼÞɚsʳ®ǋŸŎǼÌsʩǋǣǼɴsǋŸ¯ŸȖǋ
job creation. We, too, believe in this Ujala in our subsequent products, Maxo, journey, we have lived that agenda.
– Jyothy Laboratories has proactively Exo and in the reinvention of Margo,
invested in skill development and a 95-year-old highly trusted brand. In Our business philosophy is in sync with
employment generation programmes. the past year, we saw a drop in rural the thinking of the country. This, we
We have created jobs at every level of OŸŘǣȖŎƼǼÞŸŘEsOȖǣsŸ¯_sʩOÞsŘǼ are certain, will help us keep growing
the Company. Our consistent growth, rainfall, but we expect a turnaround this alongside India.
_sǣƼÞǼsǼÌsʪȖOǼȖǼÞŸŘǣÞŘǼÌssɮǼsǋŘĶ year based on the monsoon prediction.
sphere, has shown that we are agile,
innovative and prepared to face
Financial Highlights
for 2015-16 (Consolidated)
NET SALES SHARE OF POWERBRANDS IN REVENUE
` 1,644.73
crore
86.9% (` 1,430 crore)
TOTAL SALES GROWTH YEAR-ON-YEAR
9.3%
POWERBRAND SALES GROWTH YEAR-ON-YEAR
10.3%
PROFIT AFTER TAX SHARE OF SALES GROWTH IN

SOUTH AND NON-SOUTH MARKETS
` 158 crore
2015-16
Non-south
60
` 121 crore
2014-15
Up 30.4% 40
South
OPERATING EBIDTA GROWTH BY VOLUME
` 237.6 crore (14.4%) 9.3%

2015-16
` 191.7 crore (12.7%)

2014-15
Up 24%
Made to
Deliver
Featured - big numbers

on power brands’
performance, shining
products, presence
and penetration across
length and breadth
of the country,
manufacturing units,
HI¿FLHQF\
8.3%
Growth by value for Margo, the
premium category soap, which has
the twin advantage of an Indian
personal care heritage association
and a strong following among
36%
modern young women
77.6%
Market share captured by
Growth by volume for our
Powerbrand Henko Matic
LINTelligent, a superior
ȕĠĶʰŸȖǋʩǋǣǼƻŸɠsǋEǋŘ_ laundry product that protects
that targeted the problem of the newness of garments
‘yellowed whites’ like nothing
else could
10.7%
Growth for Exo, our fastest
esst
41.6%
Growth for Maxo ‘Fits All
growing Powerbrand and da Machines’ Liquid Vapouriser, an
one
product offering three-in-one e
invention that helped grow Maxo
Ǽsǋ
EsŘsʩǼǣŸ¯¶sǋŎ˚ĨÞĶĶÞŘ¶ʰɠǼsǋ˚
saving, and easily achieved Liquid at a CAGR of 55% for the
shine past 3 years
15.5%
Growth for Pril, our liquid
15.5%
Growth for the Maxo brand as a
dish wash Powerbrand that is whole (including liquid vapouriser,
now available as a ‘superior coil, card), making it the fastest
degreaser’ bar with its own growing brand in the household
scrubber insecticide category in India
M.R. Jyothy,
Director of Jyothy
Laboratories Limited
M.R. Jyothy, Director of Jyothy Laboratories Limited, the brain behind all the recent
revolutionary product innovations, says what it means to design every product
around the smallest needs of the consumer.
“OUR EFFORT IS TO ENSURE

THAT INNOVATION,
CONVENIENCE AND UNIQUE
VALUE SET THE PREMISE
FOR ANY NEW PRODUCT WE
LAUNCH”
When taking any new initiative, we in delivering unique value to our This makes the bar last longer, there
keep the consumer at the centre. consumers. is no breakage and the sink area looks
We want to make the consumer’s cleaner. This new product was an instant
life easier by offering innovative ǻÌsʩǋǣǼǣȖOÌsɮŎƼĶsÞǣǼÌǼŸ¯rɮŸʳ hit in the market.
products for everyday needs. Every When it came to the market many
Jyothy product is backed by intensive ɴsǋǣ¶ŸʰÞǼɠǣǼÌsʩǋǣǼŘǼÞ˚EOǼsǋÞĶ Our second example is in the detergent
research, which involves consumer dishwash bar in India. At that time, category, where we launched Henko
contact programmes, detailed market consumers faced two problems: utensils LINTelligent. Our expertise in the fabric
surveys, comprehensive evaluation of kept in the sink were vulnerable to care category helped us to identify
competition products, and the best bacterial infections; the other thing was a unique positioning for the brand
industrial design solution. ǼÌǼOŸŘǣȖŎsǋǣɠsǋs_ÞǣǣǼÞǣʩs_ɠÞǼÌǼÌs following the acquisition of Henkel
way the available dishwash bars broke India. The insight was to go beyond
Our effort is to ensure that innovation, off, or turned soggy by absorbing water stain removal and offer care through
convenience and unique value set the from the sink area, leading to wastage. lint reduction. The reduction in lint
premise for any new product we launch. meant lesser fraying of the garment,
And at the heart of every innovation, The anti-bacterial properties of Exo colour protection, better shine and
there’s a very simple idea that makes life took care of the germs. To address the texture, and longer fabric life. The
easier, happier and more convenient for wastage issue, we launched Exo Round, product is differentiated on all fronts:
the average consumer. ʩǋǣǼŸ¯ÞǼǣĨÞŘ_ǋŸȖŘ_˚ǣÌƼs_EǋÞŘ the pink colour of the powder connotes
a plastic container along with a free care, innovative packaging gives the
Our major launches under three scrubber. The shape aids in easy use premium offering feel, and a delightful
different categories validate our success and the container ensures zero wastage. sensorial experience enhances trust in
the brand’s promise. The product has

been recognised for its insightful and
innovative mix by numerous awards.
The third segment that saw market-

leading innovations from Jyothy
Laboratories is that of household
insecticides. One example here is
the Maxo ‘Fits All Machines’ Liquid
Vapouriser bottle. The core idea was to
ǣŸĶɚsǼÌsOŸŘȖŘ_ǋȖŎŸ¯ʩŘ_ÞŘ¶ǼÌsǋÞ¶ÌǼ
ǣÞʊsŸ¯ĶÞǇȖÞ_EŸǼǼĶsǼŸʩǼǼÌsŎOÌÞŘs
at home – we made a bottle design
compatible with all machines, so that
consumers would not have to worry
EŸȖǼǼÌsʩǼʳ
The latest innovation in the mosquito

repellent category is the launch of
Maxo Magic Card. We entered this
category with a strong and a powerful
differentiator – we call it ‘the safety
stand’. The safety stand is a simple
innovative feature that lets consumers
burn the card without any risk of a
ʩǋsʱǼÌsǣǼŘ_ƼǋsɚsŘǼǣǼÌsĶÞ¶ÌǼɠsÞ¶ÌǼ
Oǋ_¯ǋŸŎʪɴÞŘ¶Ÿ¯¯ɠÌÞĶsǣǼÞĶĶEȖǋŘÞŘ¶
Ř_ĶŘ_ÞŘ¶ŸŘǣŸŎsʪŎŎEĶs
object. The stand also ensures it burns
completely till the very end. With the
safety stand, Maxo Magic Card offers a
complete solution for instant relief from
mosquitoes. MR Jyothy
MR Jyothy has been voted yet
Our efforts are directed at ensuring again among the
that we bring distinctive, innovative ˄ˤ˟ōŸǣǼÝŘʪȖsŘǼÞĶɟŸŎsŘ
and convenient products to delight our in Indian Media, Advertising
consumers, and we believe this approach and Marketing, 2016’ by
will keep us always one step ahead of exchange4media Group.
the competition.
Segment Overview
Fabric
Care
Segment
Brands: Ujala,
Henko,
Mr. White, Chek
THE POWERBRAND STORY

UJALA SUPREME wash. It essentially revives fabrics from
Ujala Supreme entered the market the harsh effects of detergents and
in 1983 with a promise to solve the keeps them looking new. Its unique
problem of ‘yellowing whites’. White ƻŷĵɳ®ɭOǼÞŸŘOŸǼǣǼÌsʩEǋsǼŸ¶Þɚs
clothes lose their brightness and become ǣŎŸŸǼÌʩŘÞǣÌŘ_OǋÞǣƼ¯ssĶʳǣ
yellowish over a period of time; some a result, the fabric looks fresher and
of the reasons are detergents, quality of retains its newness.
water, and pollution. Ujala Supreme has
a unique whitening action that prevents HENKO LINTELLIGENT
this ‘yellowing’ of white fabrics. This Henko, the premium detergent brand
fabric whitener is a market leader with that was part of the Henkel India
77.6 per cent market share. Brand sales portfolio, had to be differentiated in
have grown over 4 per cent in the past order to make inroads into the highly
ʩŘŘOÞĶɴsǋʰĶǋ¶sĶɴǼǼǋÞEȖǼEĶsǼŸŸȖǋ competitive detergent category. Our
efforts to expand the Ujala Supreme sheer in-depth understanding of the
consumer base with effective and highly fabric care category helped us to identify
targeted brand communication. a unique positioning. The insight was to
Contribution to total sales
go beyond stain removal and offer care
Ujala detergent powder, an extension through lesser lint removal from the
of the brand in the detergent category,
was relaunched with a new proposition
of ‘effortless cleaning’ in Kerala. The
fabric. This led to the launch of Henko
LINTelligent. Less lint removal from the
fabric means less fraying, protecting the
41.85%
market share grew by 160 BPS to reach garment’s colour, shine and texture, and Growth year-on-year
17.7 per cent within just 12 months of its extending fabric life.
6.4%
relaunch.
The brand was recognised for its
Our understanding of consumers’ insightful and innovative mix, and won
changing lifestyles and consequent numerous awards, including an award Overall market share
fabric care expectations helped us for consumer insights at the Indian
develop two very unique and leading- Marketing Awards by Exchange4Media, Ujala Fabric Whitener
edge products: and the Asia Star Packaging Award for
˒ ȕĠĶNǋÞǣƼŘ_ǢÌÞŘs
˒ ËsŘĨŸĵÝŗǻsĶĶÞ¶sŘǼ
excellence in packaging. After the new
launch, the brand was ranked No. 8
77.6% by value
among Economic Times Most Trusted
Henko Matic
UJALA CRISP AND SHINE Brands in the fabric care category for the
This is a post-wash product that
ŎÞŘǼÞŘǣǼÌs¯ŸǋŎŘ_ʩŘÞǣÌŸ¯OĶŸǼÌsǣ
while enhancing the shine with every
ʩǋǣǼǼÞŎssɚsǋʳōŸǋsŸɚsǋʰǼÌsEǋŘ_ɠǣ
adjudged ‘Product of the Year’ in that
category.
5% by value
Dishwash
Segment
Brands: Pril, Exo Contribution to total sales
THE POWERBRAND STORY

28.33%
EXO PRIL
Growth year-on-year
Exo dishwash solves three household The brand positioning of Pril is to take
problems in one stroke – it kills germs the chore out of doing the dishes and
left on dishes by kitchen pests; it slices
through grease and requires minimal
infuse a bit of romance and fun in
the process. This premium brand has 11.8%
water for washing off; it stays intact superior grease-cutting properties and
in its box without loss from melting. also gives a great sensory experience Overall market share
Thus, it has made itself relevant to with its fragrance. Our slice-of-life brand
ƼsŸƼĶssɚsǋɴɠÌsǋsʳǻÌsʩǋǣǼŘǼÞ˚ campaign speaks to modern couples Exo Dishwash Bar
who are equals in everything, and who
bacterial dishwash (with cyclozan) and
ǼÌsʩǋǣǼEǋǼŸOŸŎsÞŘÞǼǣŸɠŘǋŸȖŘ_˚
shaped container, Exo has captured the
can turn kitchen work into an occasion
for adding more ‘sparkle’ to their
10.43% by value
imagination of both health-conscious relationship. Pril Liquid

urban buyers and cost-conscious rural
consumers. The new anti-bacterial Exo
scrubber has added to its appeal. With
The Pril Powerbrand story has now been
extended in a premium new offering, “a 16.69% by value
sales growth in the high double-digits, superior degreasing dishwash bar”. The
this Powerbrand is storming markets ʩǋǣǼŸ¯ÞǼǣĨÞŘ_ÞŘÝŘ_ÞʰǼÌsŘsɠƻǋÞĶEǋ
across the nation. comes with some innovative features:
˒
OǼÞɚsEŸŸǣǼsǋǣƼsOĨĶsǣǼŸOȖǼǼÌs
toughest grease with ease
˒
ǼŎƼsǋ˚ƼǋŸŸ¯ǢȖƼsǋǻȖEǼŸƼǋsɚsŘǼ
any wastage
˒ r
ŘÌŘOs_Ř_ǋs¯ǋsǣÌÞŘ¶ǋŸŎ¯Ÿǋ
delightful sensory experience
ɟÞǼÌǼÌÞǣÞŘŘŸɚǼÞŸŘʰɠsǋsOŸŘʩ_sŘǼŸ¯
growing our share substantially across
markets.
Segment Overview
Household
Insecticides
Segment
Brand: Maxo
THE POWERBRAND STORY machine of its kind, which automatically

MAXO switches modes from attack (high mode)
to defend (low mode) after a certain
Maxo is a remarkable success story
time. This spares the consumer the effort
ÞŘǼÌsʩsǋOsĶɴOŸŎƼsǼÞǼÞɚsÌŸȖǣsÌŸĶ_
of manually changing modes, as one
insecticide category. Contribution to total sales
has to do with other mosquito repellent
machines. Maxo Genius thus offers
The launch of the Maxo ‘Fits All
Machines’ liquid bottle with a new brand
identity (new brand logo, packaging
consumers a combination of superior
performance and value through optimal
liquid consumption.
16.58%
and positioning) shook up the market Growth year-on-year
ɠÞǼÌ˄ŸŘsǣÞʊsʩǼǣĶĶ˅ǣŸĶȖǼÞŸŘʳŷȖǋ The latest of all is the launch of Maxo
research showed that consumers, Magic Card. We entered the fast
when buying a liquid insecticide bottle,
ɠsǋsȖŘǣȖǋsÌŸɠÞǼɠŸȖĶ_ʩǼÞŘǼÌs
growing card segment of mosquito
repellents with a strong and a powerful
15.5%
vapouriser machines they already had differentiator, ‘the safety stand’. The
ǼÌŸŎsʳōɮŸɠǣ_sǣÞ¶Řs_ǼŸʩǼŘɴ Overall market share
safety stand is a simple innovative
vapouriser machine; thus it solved a feature that lets the consumers use the
bothersome problem for the consumer. Maxo Repellent Coil
product – a light paper card coated with
This innovation has helped the liquid
clock sales more than the overall market
growth rate.
insecticide, released when it burns –
ɠÞǼÌŸȖǼǋÞǣĨÞŘ¶ʩǋsʰǣǼÌsǣǼŘ_ÌŸĶ_ǣ 18.43% by value
the burning card securely, preventing
ÞǼ¯ǋŸŎʪɴÞŘ¶ɠɴʳōɮŸō¶ÞONǋ_ Maxo Repellent Liquid
In a continuing story of bringing relevant
innovations to the consumer, we
ÞŘǼǋŸ_ȖOs_ōɮŸµsŘÞȖǣʰǼÌsʩǋǣǼǣŎǋǼ
today is the fastest growing brand in
this category as per the latest quarterly
report from AC Nielsen.
6.69% by value
Personal
Care
Brands: Margo,
Fa, Neem
THE POWERBRAND STORY Margo Active Glycerine Soap, the brand

MARGO is well-positioned to leverage the soap’s
In India, neem (margosa) and skin care equity, which is known for original/ pure
have gone hand in hand for generations. neem. Margo Active Glycerine comes
Launched in 1920, Margo soap has been with a unique combination of ‘neem and
synonymous with neem. Infused with glycerine’, thereby giving the skin much-
100 per cent pure neem oil and Vitamin needed protection and moisturising
E, the Margo Original Neem soap is a effect. With 8 per cent brand growth,
highly valued and respected personal Margo has outpaced the overall category
care product. growth.
We restructured the brand with the NEEM ACTIVE TOOTHPASTE Contribution to total sales
key objective of targeting younger In the oral hygiene space, Neem Active
consumers. A series of brand Toothpaste offers complete care. At
OŸŎŎȖŘÞOǼÞŸŘʩĶŎǣɠsǋs_sɚsĶŸƼs_
to this effect, and they have contributed
the centre of this unique formulation
is neem, an ingredient that has been
9.02%
hugely to the overall growth the brand associated with oral hygiene in India
Growth year-on-year
has achieved over the past three years. for centuries. With the growing trend
towards products that are more natural
The Margo Powerbrand story perfectly
ʩǼǣÞŘǼŸOŸŘǣȖŎsǋŎs¶˚ǼǋsŘ_ʲŘǼȖǋĶ
and our efforts to build this brand, Neem
Active Toothpaste is poised to grow in 5.1%
skin care. With the successful relaunch of the years to come.
Segment Overview
Laundry
Services
Segment
Brands: Fabric Spa,
Snoways, Busy Easy,
Wardrobe
THE BRAND STORY

Modern urban Indians are always on ˒ Jyothy Fabricare Services Limited (JFSL)
the move, hard-pressed for time. Their is a subsidiary of Jyothy Laboratories
needs, combined with those of the Ltd.
expanding hospitality sector, made it
natural for us to enter the professional ˒ Premium laundry service – biggest in
laundry service segment, given our India
market leading presence in the FMCG
industry. ˒ Highly sophisticated infrastructure
˒ 93 outlets in key cities of India
˒ Currently, country’s biggest laundry

chain
˒ Current operations in Bengaluru, Delhi,

Mumbai, Pune and Chennai Contribution to total sales
˒ Bagged prestigious Western Railways

at Ahmedabad BOOT contract for
10 years
2.62%
Growth year-on-year
˒ Bagged prestigious Delhi International
Airport Limited (DIAL) BOOT project
for 15 years
2.4%
Our Brand
Ambassadors
Board of Directors
3 2 4 5
8 6 1 7
1 5
M.P. RAMACHANDRAN NILESH MEHTA

Chairman & Managing Director Independent Director
M.P. Ramachandran remains the driving force behind the Nilesh Mehta is the co-founder and Managing Partner of Access
Company’s progress. His vision and understanding of the India Fund which invests in mid market, unlisted opportunities
customers’ pulse has led to the Company emerging as a in India. He was the Managing Partner of Aureos Capital from
formidable player in the FMCG segment. ˡ˟˟ˤǼŸˡ˟ˠ˟ʳËsÞǣǇȖĶÞʩs_NÌǋǼsǋs_OOŸȖŘǼŘǼɠÞǼÌƼŸǣǼ
¶ǋ_ȖǼs_s¶ǋss¯ǋŸŎÝÝōʳËÞǣsɮƼsǋÞsŘOsǣƼŘǣɚǋÞŸȖǣʩsĶ_ǣÞŘ
ʩŘŘOsʰǋŘ¶ÞŘ¶¯ǋŸŎÞŘɚsǣǼŎsŘǼEŘĨÞŘ¶ʰƼǋÞɚǼssǇȖÞǼɴǼŸ¯ȖŘ_˚
ǋsĶǼs_OǼÞɚÞǼÞsǣʳËsÞǣɚsǼsǋŘÞŘǼÌsʩsĶ_Ÿ¯ƼǋÞɚǼssǇȖÞǼɴŘ_
mergers and acquisitions of mid-cap Indian companies.
2 6
K. ULLAS KAMATH K. P. PADMAKUMAR

Joint Managing Director and CFO Independent Director
ħʳȕĶĶǣħŎǼÌÞǣǇȖĶÞʩs_NÌǋǼsǋs_OOŸȖŘǼŘǼŘ_NŸŎƼŘɴ K. P. Padmakumar brings to the table more than four decades
Secretary. He also has a degree in law and has attended the Ÿ¯sɮƼsǋÞsŘOsÞŘǼÌsʩsĶ_Ÿ¯NŸŎŎsǋOÞĶDŘĨÞŘ¶ʰǻǋsǣȖǋɴ
Advanced Management Programme at Wharton Business School Management, Capital Markets and Mutual Funds. A graduate
and the Harvard Business School. He has completed Global ÞŘ¶ǋÞOȖĶǼȖǋsŘ_NsǋǼÞʩs_ǣǣŸOÞǼsŸ¯ÝŘ_ÞŘÝŘǣǼÞǼȖǼsŸ¯
Management Programme at London School of Economics, Bankers – CAIIB, he has vast experience in the banking and capital
London, UK. It is under his leadership that the Company has markets arena.
_ÞɚsǋǣÞʩs_Ř_EsOŸŎsŎȖĶǼÞ˚ƼǋŸ_ȖOǼ®ōNµOŸŎƼŘɴʳËs
has spearheaded the successful setting up of Fabric Spa and
the Henkel (India) acquisition. He has also won the CA Business
Achiever Award in the SME category in the ICAI Awards, 2008.
3 7
S. RAGHUNANDAN BIPIN SHAH

Whole Time Director and CEO Independent Director
S. Raghunandan has a degree in Chemical Engineering from the Bipin R. Shah is a Chartered Accountant with a postgraduate
Birla Institute of Technology and Science (Pilani). He also has degree in Management. He has also attended the Senior
a post-graduate degree from IIM Kolkata. He has worked with Executive Programme conducted by Sloan School of Business,
leading FMCG players like Dabur, Paras and Reckitt Benckiser. Massachusetts Institute of Technology at Boston, USA. Currently,
Having joined in May 2012, he brings to the table his vast he serves on the Board of various companies and the Company
industry experience in areas of sales, marketing and general EsŘsʩǼǣ¯ǋŸŎÌÞǣsɮƼsǋÞsŘOsɠÞǼÌĶs_ÞŘ¶®ōNµƼĶɴsǋǣʳ
management. In last three years at Jyothy Laboratories, he has
created a sustainable business model by saving ` 100 crores,
increasing spends for brand building and above all created a
strong management team.
4 8
M. R. JYOTHY R. LAKSHMINARAYANAN
Director Independent Director
A postgraduate in management with an additional diploma An IIT and IIM alumnus, R. Lakshminarayanan has a string of
in Family Managed Business Administration, M. R. Jyothy successes in his career. He has worked with leading FMCG
OŸŘǼǋÞEȖǼsǣǣÞ¶ŘÞʩOŘǼĶɴǼŸǼÌsǣĶsǣʰŎǋĨsǼÞŘ¶Ř_EǋŘ_ conglomerates across product categories and held eminent
communication aspects of the Company. She has also completed positions with top notch advertising companies in India. He has
the Owner / President Management Programme from Harvard a keen interest in business strategy, brand strategy, media plural
Business School. In the year gone by, she was awarded with communications and brand portfolio management.
Emerging Kerala – Entrepreneurship Excellence Award for women.
ǢÌsɠǣĶǣŸŎŸŘ¶ǼÌs˄ˤ˟ōŸǣǼÝŘʪȖsŘǼÞĶɟŸŎsŘÞŘÝŘ_ÞŘ
Media, Marketing and Advertising’ list by IMPACT for two years
in a row.
Management Discussion
& Analysis
JYOTHY LABORATORIES LIMITED

STARTED OFF AS A CONSUMER
PRODUCT COMPANY WITH
OPERATIONS CONCENTRATED IN THE
SOUTH INDIAN MARKET. OVER THE
YEARS, THE COMPANY HAS EVOLVED
AND TRANSITIONED FROM A REGIONAL
BRAND TO A NATIONAL BRAND.
7.3%
Growth rate in 2015
7.6%
Growth rate in 2016
ECONOMIC SCENARIO growth of -3.8% and -3.7% respectively. INDIAN ECONOMY

GLOBAL ECONOMY Advanced economies grew moderately The real GDP in India grew by 7.6% in
The global economy grew 3.1% in 2015 at 1.9% as unfavourable demographics, 2015-16 (from 7.3% in 2014-15), largely
compared to 3.5% in 2014 as slowdown ¯Ǽsǋ˚s¯¯sOǼǣ Ÿ¯ ǼÌs ¶ĶŸEĶ ʩŘŘOÞĶ driven by growth in private consumption
in investments, weakening commodity crisis and low productivity continued to due to low oil prices and higher real
ƼǋÞOsǣʰ _sOǋsǣÞŘ¶ OƼÞǼĶ ʪŸɠǣ ǼŸ impact growth. However, the Eurozone income. The agriculture sector witnessed
emerging economies and geopolitical showed signs of recovery as it grew 1.6% a growth of 1.1% despite poor rainfall.
ƼǋsǣǣȖǋsǣ OŸŘǼÞŘȖs_ ǼŸ ǣǼÞʪs ǋsOŸɚsǋɴʳ in 2015 compared to 0.9% in 2014. The services sector continued to grow
Despite a fall in growth rate from 4.6% strongly despite a fall in growth rate
in 2014 to 4.0% in 2015, the emerging Global stresses related to macro- from 8.8% in 2014-15 to 8.4% in 2015-
nations continued to contribute a economic problems in various parts of 16. The industrial sector outperformed
majority share in the global growth. the world, falling growth rate in advanced expectations as rising manufacturing
A tough macro-economic scenario countries, asset market volatility and other activities led to a growth of 8.8% in
weakened China’s growth from 7.3% non-economic factors could continue 2015-16 compared to 6.5% in 2014-15.
in 2014 to 6.9% in 2015. The Indian to hinder global economic activity, as Manufacturing grew from 5.5% in 2014-
economy continued to perform strongly growth is expected to be around 3.2% 15 to 9.5% in 2015-16. The country’s
as it grew from 7.3% in 2015 to 7.6% in 2016 and then pick up momentum to foreign exchange reserves reached an
in 2016. Brazil and Russia continued to 3.5% in 2017. (Source: World Economic all-time high of USD 361.30 billion as in
show signs of distress with a negative Outlook, International Monetary Fund) April 2016.
ǻÌs ʩǣOĶ _sʩOÞǼ _sOǋsǣs_ ¯ǋŸŎ ˣʳˤ̇ foreign companies (up to January 2016). Ìɚs EǋŸȖ¶ÌǼ _ŸɠŘ ÞŘʪǼÞŸŘ ǼŸ _sǣÞǋs_
in 2014-15 to 3.99% in 2015-16 and is These companies intended to set up levels. It is further expected to fall down
expected to be 3.5% in 2016-17. Factors units in sectors where foreign direct to targeted levels of 5% in 2016-17. In
that helped the Indian economy were investment is permitted. (Source: Rajya India, food and beverages is the most
the drop in oil prices; stabilisation of Sabha Q&A) important category in the consumer
the rupee against the dollar after a price index, with a weight of 45.86%,
ǣÌǋƼǣĶÞ_sʱŘ_ÞŘʪǼÞŸŘOŸŎÞŘ¶ȖŘ_sǋ ÝŘʪǼÞŸŘ Ř_ ɠÌŸĶsǣĶs ƼǋÞOs ÞŘ_sɮʲ ǻÌs followed by housing (10%), transport
control. A positive atmosphere for ÞŘʪǼÞŸŘ ǋǼs ɚsǋ¶s_ ˦ʳ˦˨̇ _ȖǋÞŘ¶ and communication (8.6%), fuel and light
manufacturing was created by the ‘Make 2012-16, reaching an all-time high of (6.84%), clothing and footwear (6.5%),
in India’ initiative. During the period 11.16% in November 2013. However, medical care (5.9%) and education
under review, the country received 424 tight monetary policy, supply side ʹˣʳˤ̇ʺʳĵŸɠsǋÞŘʪǼÞŸŘĶsɚsĶǣǋsĶÞĨsĶɴǼŸ
proposals worth ` 48,902 crore from measure and low commodity prices boost consumer spending.
The wholesale price index continued to witness a declining trend due to moderation in raw material prices and weaker
demand.
ÝŘʪǼÞŸŘǋǼs_ȖǋÞŘ¶ˡ˟ˠˤ˚ˠ˥ ɟÌŸĶsǣĶsƼǋÞOsÞŘ_sɮ_ȖǋÞŘ¶ˡ˟ˠˤ˚ˠ˥
6 0
5.61 5.69 -0.73
5.4 5.41 -0.85 -1
5.26 5.5 -1.07 -0.91
5.01 5 -2
4.87 4.83 5 -2.2 -2.13 -2.04
-2.43 -3
4.41 4.5 -3.7
-4
-4.05
4 -4.59 -5
3.69 3.74
-5.06
3.5 -6
Apr 2015 Jul 2015 Oct 2015 Jan 2016 Apr 2015 Jul 2015 Oct 2015 Jan 2016
ǻÌsŸȖǼĶŸŸĨ¯ŸǋǼÌsÝŘ_ÞŘsOŸŘŸŎɴÞǣǣǼǋŸŘ¶ʰǣǋÞǣÞŘ¶ÞŘ¯ǋǣǼǋȖOǼȖǋsǣƼsŘ_ÞŘ¶ʰOŸŎŎÞǼŎsŘǼǼŸʩǣOĶǼǋ¶sǼǣʰ¯ŸǋsOǣǼŸ¯EŸɚs
normal rainfall and government’s focus on promoting manufacturing, skills and enterprise are likely to boost growth. Real GDP
growth for 2016-17 is estimated at 7.6%. (Source: RBI: Monetary Policy Report)
7.6%
Estimated Real GDP growth for 2016-17
INDUSTRY OVERVIEW
FMCG MARKET SEGMENT
The FMCG market in India is the fourth
largest sector in the economy and is
18% Food and Beverages
expected to grow at a CAGR of 11.9%
Food and beverages
during 2007 to 2016. The revenue from
(Health beverage, bakery
the sector grew from USD 17.8 billion Household product, snacks, ice cream,
in 2007 to USD 47.3 bn in 2015 and is and staples/ cereals, tea/ coffee/
Personal soft drinks, chocolates,
forecast to become worth USD 49 bn Care 50% processed fruits and
in 2016 and USD 103.7 bn by 2020. The vegetables, dairy products,
Household and EǋŘ_s_ʪŸȖǋʺ
market share of personal care products Personal Care (Oral
in the total FMCG market increased from care, skin care, hair
less than 30% in 2000 to about 48% in care, perfumes, 32%
deodorants/ Healthcare
2015. The size of personal care market is cosmetics, fabric wash,
estimated at USD 22.7 bn in 2015. feminine hygiene Healthcare (Over the counter
and paper products, products and ethical)
household cleaners)
Despite the economic recovery from economy. Growing brand awareness, consumer markets have immense
the slowdown of the past decade, the ease of access and aspirational lifestyles potential, accounting for almost 70%
Indian markets are still not entirely would be the key growth drivers for the of the country’s population. Nearly
Ƽǋs_ÞOǼEĶsʰǣǼÌsŎŸŘǣŸŸŘÞŘʪȖsŘOsǣ sector. 50% of the rural spending is on FMCG
rural demand. However, increasing products. The FMCG market in India is
urbanisation and movement of ÝŘ_ÞŘ OŸŘǣȖŎsǋ OŸŘʩ_sŘOs ǋsŎÞŘs_ highly fragmented and about half of it
people to cities has seen a pick-up the highest in the world for four successive is dominated by the unorganised sector.
in demand from the urban market. quarters. In Q1 2016, the country’s ǻÌÞǣ ƼǋŸɚÞ_sǣ ǣÞ¶ŘÞʩOŘǼ ŸƼƼŸǋǼȖŘÞǼÞsǣ
A good monsoon should also see a OŸŘǣȖŎsǋOŸŘʩ_sŘOsɠǣǼÌsÌÞ¶ÌsǣǼÞŘ for branded retailers to create new
quick turnaround in rural demand. about 10 years, rising to a score of 134 consumer bases. Companies need to
Overall, the Indian consumer market is after three consecutive quarter scores strengthen their distribution networks
expected to witness steady recovery in of 131. This was much higher than the and use that effectively to reach
the next few years starting 2016. US (110 points), China (105), Germany consumers currently using unbranded
and the UK (97) and Japan (73). The and unpackaged goods. (Source: Forbes
A positive macro-economic scenario, score is based on perceptions of local India, Indian Brand Equity Foundation).
growth in employment levels, expanding ĠŸE ƼǋŸǣƼsOǼǣʰ ƼsǋǣŸŘĶ ʩŘŘOsǣʰ Ř_
ƼǋŸ_ȖOǼ _ÞǣǼǋÞEȖǼÞŸŘ Ř_ ǣÞ¶ŘÞʩOŘǼ immediate spending
increment in salaries and pensions upon intentions. (Source:
the implementation of the Seventh AC Nielsen)
Pay Commission (which is likely to put
additional funds of USD 15 billion in the The Indian
hands of consumers starting 2016) are consumer markets
expected to drive demand for consumer have shown changes
products. Government schemes like in trend, as FMCG
‘Jan Dhan Yojana’ and direct transfer of companies have
subsidies, coupled with low commodity increased focus
(especially oil) prices, are likely to bring on rural areas.
ǣÞ¶ŘÞʩOŘǼ ǣǼǋȖOǼȖǋĶ OÌŘ¶sǣ ÞŘ ǼÌs The Indian rural
Advantage India
Rising demand Attractive opportunities
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THRUST ON SUSTAINABLE GROWTH
Jyothy Laboratories Limited started off as a consumer product company with operations concentrated in the south Indian market.
Over the years, the Company has evolved and transitioned from a regional brand to a national brand.
rɚŸĶȖǼÞŸŘÞŘǼÌsƼǣǼˠ˟ɴsǋǣ
2005-06 2015-16
`
`ˢ˟ˠʳ˨ˢOǋǊsɚsŘȖsǣ `ˠʰ˥ˣˣʳ˦ˢOǋǊsɚsŘȖsǣ
ˡʳˤŎÞĶĶÞŸŘŷȖǼĶsǼǣ ˡʳ˨ŎÞĶĶÞŸŘŷȖǼĶsǼǣ
ˡʰˤ˟˟^ÞǣǼǋÞEȖǼŸǋǣ ˠʰ˥˦˥^ÞǣǼǋÞEȖǼŸǋǣ
Over the years, the Company has introduction of products that aid brand number of online shoppers increasing
developed a robust pan-India extension, e.g. the Pril bar and the Ujala from 50 million in 2015 to 320 million
distribution network and undertaken detergent powder, are all part of the in 2020. (Source: The Economic Times,
substantial marketing and brand sustained growth plan. Assocham)
promotion activities. With this, it has
created a sustainable business model KEY TRENDS IN THE INDIAN FMCG
that is not dependent on a particular MARKET
region or product. This strategy has led ˒ƻǋŸ_ȖOǼ ÞŘŘŸɚǼÞŸŘʰ OȖǣǼŸŎÞǣǼÞŸŘ
to strong business growth in the non- and premiumisation: The FMCG
south regions of India; growth in the companies are constantly investing in
non-south markets has outpaced that in research to develop newer products
the Company’s primary southern market. that are unique, have better features
The Company’s revenue grew faster than Ř_ ǋs OȖǣǼŸŎÞǣs_ ǼŸ ŎssǼ ǣƼsOÞʩO
industry across all product segment. consumer needs. Buyers are willing to
pay higher prices for premium products
Today, the proportion of revenues from in the convenience, health and wellness
a single region or a single product is not
more than 20% of the total revenues.
space.
ˠˤ˟million
The number of consumers
˒DǋŘ_ Ƽǋs¯sǋsŘOsʲ Rising disposable
that are expected to be
The Company increased investments in income and customer engagement ÞŘʪȖsŘOs_EɴǼÌs_Þ¶ÞǼĶ
key business segments and reinforced by companies have drawn consumers revolution by 2020
on-ground relationships with key outlets towards the most appealing brands.
in the top cities and town of India, leading
to overall increase in throughputs. ˒®ŸOȖǣ ŸŘ ǋȖǋĶ ŎǋĨsǼǣʲ Companies
Superior products, pan-India distribution,
greater penetration into rural markets,
are focussing on rural markets to
tap new consumers and increase the
ȕǢ^ˣ˟million
The expected spending of digital
differential positioning and high brand spending of existing consumers by
consumers in 2020
recall enabled Jyothy Laboratories to offering wider product range.
achieve sustainable growth.
˒rɮƼŘ_ÞŘ¶_ÞǣǼǋÞEȖǼÞŸŘŘsǼɠŸǋĨʲ In a
The Company intends to enhance bid to capture market share in existing
its presence in the rural markets by markets as well as new markets, FMCG ˢˡ˟million
identifying key districts across the companies have focussed on enhancing The expected number of online
country. The growth strategy in the their distribution network to enhance shoppers by 2020
coming years is based on enhancing OÌŘŘsĶ s¯ʩOÞsŘOɴʰ ǋs_ȖOs Ķs_ ǼÞŎs
shopper’s delight through: Ř_¶ÞŘʩǋǣǼ˚ŎŸɚsǋ_ɚŘǼ¶sʳ
˒ Ý_sŘǼÞ¯ɴÞŘ¶ƼǋŸǣƼsOǼÞɚsŸȖǼĶsǼǣÞŘǼÞsǋÝ
towns ˒ÝŘOǋsǣs_ ÌÞǋÞŘ¶ ÞŘ ǼÞsǋ ÝÝˀ ÝÝÝ
˒ ^sɚsĶŸƼÞŘ¶OĶsǋǣÌsĶ¯ƼĶŘ ng
cities: FMCG companies are hiring
˒ ǊsOŸŘʩ¶ȖǋÞŘ¶ ǣɴǣǼsŎǣ ǼŸ sŘÌŘOs sĶĶ
ʩsĶ_ ǣǼ¯¯ OǋŸǣǣ ǣŎĶĶ ǼŸɠŘǣ ǼŸ ǣsĶĶ
service in the outlets nd
diverse products and enhance brand
˒ DȖÞĶ_ÞŘ¶ǣǼǋŸŘ¶ǋsĶǼÞŸŘǣÌÞƼǣɠÞǼÌŸȖǋ awareness.
customers
˒r˚OŸŎŎsǋOsʲ The e-commerce industry
ry
The Company continues to drive te
in India is growing at an astounding rate
category growth across all markets, from USD 3.8 billion in 2009 to USD 23
leveraging brand core and equity. A m
bn in 2015. With huge investments from
robust innovation pipeline, targeted ty,
venture capitalist and private equity,
communication for newer users, strategic the e-commerce industry is expected to
national / regional rollout of brands, and he
grow to USD 119 bn by 2020 with the
GROWTH DRIVERS
Industry size by value Industry size by volume
˒ ǊÞǣÞŘ¶ OŸŘǣȖŎƼǼÞŸŘ sɮƼsŘ_ÞǼȖǋsʲ
The rising disposable income in the Liquid blue (` in lacs) Liquid blue (in ’000’ litres)
hands of consumers would lead to

rise in total consumption expenses 2014 2015 2014 2015
in the country, which is expected to ǻŸǼĶ ˤˢʰ˧˥ˠ ˤˣʰˢˠˤ ǻŸǼĶ ˡ˨ʰˤˠ˨ ˡ˧ʰˤˢˢ
grow at a compounded rate of 16.89% Urban 27,030 26,663 Urban 13,598 12,659
during 2014-20 and reach USD 3,600 Rural 26,831 27,652 Rural 15,921 15,874
bn. (Source: Indian Brand Equity
Foundation) Detergent (` in lacs) Detergent (in MT)
˒ ǊȖǋĶ®ōNµ¶ǋŸɠǼÌʲThe rural FMCG 2014 2015 2014 2015

market is expected to grow at a CAGR ǻŸǼĶ ˠˢʰˣ˟ʰ˦ˡˢ ˠˣʰ˥ˤʰˢ˨˦ ǻŸǼĶ ˡˠʰ˦˦ʰ˟ˤ˨ ˡˢʰˠ˦ʰˡ˨ˢ
of 18.1% from USD 18.92 bn in 2015 Urban 7,32,307 7,86,917 Urban 10,65,156 11,12,458
to USD 100 bn in 2025. Moreover, the Rural 6,08,416 6,78,480 Rural 11,11,903 12,04,835
per capita disposable income in rural
India is expected to grow at a CAGR of Dishwasher bars (` in lacs) Dishwasher bars (in MT)
4.4% from USD 516 in 2015 to USD 631

by 2020, enabling the rural consumers 2014 2015 2014 2015
to spend more. (Source: Indian Brand ǻŸǼĶ ˠʰ˨˥ʰ˦˧ˢ ˡʰˠˢʰˣˡ˦ ǻŸǼĶ ˡʰ˧˨ʰ˥ˢ˦ ˢʰˠˢʰ˥ˠ˥
Equity Foundation) Urban 1,29,196 1,36,824 Urban 1,88,398 1,98,464
Rural 67,587 76,603 Rural 1,01,239 1,15,152
˒ ǊÞǣÞŘ¶ ŎŸ_sǋŘ ǋsǼÞĶ ÞŘ ÝŘ_Þʲ
The modern retail sector in India is Dishwasher liquids (` in lacs) Dishwasher liquids (in’000’ litres)
expected to grow at a CAGR of 24.57%
from USD 60 bn in 2015 to USD 180 bn 2014 2015 2014 2015
in 2020. (Source: Indian Brand Equity ǻŸǼĶ ˢˠʰˤ˟˟ ˢ˥ʰˠˡ˨ ǻŸǼĶ ˠ˧ʰ˥˟˟ ˡˠʰˢˢˡ
Foundation) Urban 29,090 32,687 Urban 17,162 19,099
Rural 2,410 3,442 Rural 1,438 2,233
˒ ǊÞǣÞŘ¶ ŎÞ__Ķs OĶǣǣʲ The middle class
population is the primary consumers for Mosquito coils (` in lacs) Mosquito coils (in millions)
FMCG goods. The population of middle

income earners in India is likely to grow 2014 2015 2014 2015
at a CAGR of 10.8% to reach 267 million ǻŸǼĶ ˠʰˤ˦ʰˤˠˡ ˠʰˤ˦ʰˡ˥ˢ ǻŸǼĶ ˥ʰ˥˟˧ ˥ʰˢˡ˟
in 2016 from 160 million in 2011. Urban 88,051 86,325 Urban 3,596 3,368
Rural 69,461 70,938 Rural 3,012 2,952
˒ ǊÞǣÞŘ¶ÞŘOŸŎsĶsɚsĶǣʲ The nominal per
capita income in India increased at a Mosquito liquid (` in lacs) Mosquito liquid (in millions)
compounded rate of 5.43% from USD

1,430.2 in 2009-10 to USD 1,702.1 in 2014 2015 2014 2015
2014-15. It is further expected to grow ǻŸǼĶ ˠʰˢˡʰˢ˥˦ ˠʰˣ˥ʰ˨˟˨ ǻŸǼĶ ˨ʰ˨ˤˡ ˠ˟ʰˤˢ˦
at a CAGR of 7.85% during 2015-19 Urban 1,07,779 1,18,564 Urban 8,081 8,478
and reach USD 2,302.5. (Source: Indian Rural 24,588 28,345 Rural 1,871 2,059
Brand Equity Foundation)
Mosquito card (` in lacs) Mosquito card (in millions)
2014 2015 2014 2015

ǻŸǼĶ ˠˠʰˤˠ˨ ˢ˟ʰˢ˨˧ ǻŸǼĶ ˠʰˠˤˣ ˢʰˠˢ˨
Urban 8,242 18,094 Urban 826 1,855
Rural 3,277 12,304 Rural 328 1,284
(Source: AC Nielsen Jan to Dec period) (Source: AC Nielsen Jan to Dec period)
OUTLOOK of India and develop it into a sourcing COMPANY OVERVIEW

The overall consumer sentiments hub for catering to international FMCG Jyothy Laboratories Limited, founded in
remain positive and the FMCG industry markets. 1983 in Kerala, is a consumer product
is expected to grow at a CAGR of 20.6% manufacturing company that focusses
during 2016-20 and reach USD 103.7 on touching people’s lives through its
The implementation of GST is one of the
bn. Smaller towns and cities would range of world-class products. Over
most anticipated changes for industries
play a decisive role in determining the 33 years, through sheer hard work and
in India. It would change market
future of the industry, and the digital focus on innovation and delivering
dynamics for the better, facilitating easier
medium would increasingly play a value for money, we have become one
movement of inventories across states,
key role in engaging and influencing of India’s leading and most trusted
sŘÌŘOÞŘ¶ ŸƼsǋǼÞŸŘĶ s¯ʩOÞsŘOÞsǣʳ
consumers. companies in the FMCG industry. The
Moreover, it would lead to reduction
Company operates in the segments
in logistical costs, making goods more
Increasing rural penetration, of fabric care, dishwash, household
affordable for the masses.
product innovation, premiumisation, insecticide, personal care, and laundry
customisation, growth in distribution services.
network, attractive variations in size The above normal forecast for
and design of packaging, and consumer monsoon in 2016 is again a key factor
focus on eco-friendly products are all governing demand for FMCG goods in In 2011, the Company acquired Henkel
likely to contribute to FMCG growth. rural markets, as agricultural growth India with the objective of widening its
Moreover, there is a huge opportunity would lead to higher income for product portfolio, reaching out to the
to leverage the low-cost advantage farmers. premium segment of consumers.
Leadership through key brands
UJALA FABRIC WHITENER EXO BAR PRIL LIQUID
77.6% ˠ˟ʳˣˢ̇ ˠ˥ʳ˥˨̇

All-India market share by value All-India market share by value All-India market share by value
˥ˡʳˢ˥̇ ˨ʳˡ˟̇ ˠˤʳˣ˟̇

All-India market share by volume All-India market share by volume All-India market share by volume
MAXO COIL MAXO LIQUID HENKO
ˠ˧ʳˣˢ̇ ˥ʳ˥˨̇ ˤʳ˟̇

All-India market share by value All-India market share by value All-India market share by value
ˡˠʳˤˠ̇ ˦ʳˠˢ̇ ˤʳ˥̇

All-India market share by volume All-India market share by volume All-India market share by volume
ˡ˥ʳ˨ˣ̇ ˨̇
Rural India market share by volume Rural India market share by volume
Corporate strategy
POST WASH LAUNDRY DISH WASH HOUSEHOLD PERSONAL CARE

INSECTICIDE
˒rɮǼsŘ_ÞŘ¶ ˒rǣǼEĶÞǣÌÞŘ¶ ˒ĵsɚsǋ¶ÞŘ¶EǋŘ_ ˒ÝŘOǋsǣÞŘ¶¯ŸŸǼƼǋÞŘǼ ˒ǊsÞŘɚÞ¶ŸǋǼÞŘ¶

dominance uniqueness portfolio ˒ɟÞŘŘÞŘ¶ǼÌǋŸȖ¶Ì brand
˒DȖÞĶ_ÞŘ¶¯Ÿǋ¯ȖǼȖǋs ˒ǢǼǋsŘ¶ǼÌsŘÞŘ¶ innovations ˒ǊsĶsɚŘǼ
position extensions
FOCUS ON INNOVATION This initiative has resulted in Powerbrand to the individuals and make them job
Jyothy Laboratories Limited puts utmost offerings such as Maxo Genius and ready. These skills would also allow those
emphasis on product and process Henko Matic LINTelligent. trained to become employable elsewhere
innovation. Through product innovation, other than Jyothy.
we constantly focus on enhancing the HUMAN RESOURCES
quality of existing products and develop The human capital (on-ground workforce As on March 31, 2016, the Company
new ones that meet the expectation and employee) is a key factor driving has 1,978 sales personnel, who ensure
generated by changing lifestyles of growth at Jyothy Laboratories. The continuous supply of products across
consumers. Through process innovation, Company has devised a human resource 6,00,000 retails in India.
we focus on using new techniques to policy that ensures a conducive and
optimise production with the aim of productive work environment. Systems Building an agile and high performance
reducing operational cost. This enables are in place to help employees enhance culture
us to offer value for money brands and their skills and motivate them to work At Jyothy Laboratories Limited,
ensure customer delight. towards the goals of the Company we promote the highest levels of
based on fairness, openness and mutual professional ethics, personal decorum,
R&D initiatives respect. Performance-based incentives adherence to deadlines, compliance with
The Company has a state-of-the-art and promotions boost employee morale. standards and customer service. The
R&D centre at Mumbai, equipped with The Company takes the responsibility to following attributes are imbibed across
advanced lab instruments enabling upgrade employee skills and assign them every function of the organisation:
sustained experimentation and product to suitable roles when manufacturing
development. The Company constantly processes are automated. ˒OOŸȖŘǼEÞĶÞǼɴ
monitors the production process, right ˒ÝŘǼs¶ǋÞǼɴ
from the raw material stage to the The Company provides various insurance, ˒NŸŎŎÞǼŎsŘǼ
ʩŘÞǣÌs_ ¶ŸŸ_ǣ ǣǼ¶sʰ ǼŸ sŘǣȖǋs ǼÌǼ medical and accident cover plans for ˒ÝŘÞǼÞǼÞɚsŘ_ƼŸǣÞǼÞɚsǼǼÞǼȖ_s
the highest quality standards are met. employees and their family members.
ŷȖǋ ƼĶŘǼǣ ǋs ÝǢŷ ˨˟˟ˠ OsǋǼÞʩs_ ¯Ÿǋ The Company also provides the facility for Employee engagement
manufacturing quality. employees to cover their parents at very The Company attains employee
nominal rates. These plans are equal for engagement through various initiatives
ǻÌs NŸŎƼŘɴ ĶǣŸ ÌÞǋsǣ ǇȖĶÞʩs_ Ř_ all employees without any differentiation that nurture talent, excellence and job
skilled professionals having domain on the basis of pay or designation. skills. The employees are driven by
expertise. Our focussed R&D approach motivation and passion to work towards
Þǣ ǋsʪsOǼs_ ÞŘ ŸȖǋ ȖŘÞǇȖs EǋŘ_ We intend to become a part of the ambitious growth plans of the
characteristics, advanced formulations the government’s ‘Skill India’ Company. Area sales managers hold
Ř__ÞɚsǋǣÞʩs_ƼǋŸ_ȖOǼŸ¯¯sǋÞŘ¶ǣǼÌǼǋs programme, which focusses on skill ǋs¶ȖĶǋǼǋÞŘÞŘ¶ǣsǣǣÞŸŘǣǼŸsŘÌŘOsʩsĶ_
available at affordable price points. The training for individuals to encourage staff’s skills. Employees are also provided
Company has strategically devised a new entrepreneurship. Under this plan, the periodic soft skill training and advanced
product development (NPD) pipeline. Company plans to provide skill training MS-Excel training.
The Company encourages employees to ˒ ɟs ÞŎƼĶsŎsŘǼs_ ŘsɮǼ ƼÌǣs Ÿ¯ ŸȖǋ ˒ NŸŘŘsOǼs_ ˄^ÞǣÌ˅ ǣȖÞǼs ǼŸ ǼÌs ŎÞŘ
work as a team, share new ideas and give ‘Connect’ 3P Suite, that along with ERP for supply chain automation
feedback for improving work processes providing daily reports on production by providing demand forecasting,
and practices. All necessary safety and dispatch compliance, now also dispatch/ production and material
standards are complied with across all ƼǋŸɚÞ_sǣ __s_ EsŘsʩǼǣ Ÿ¯ OƼǼȖǋÞŘ¶ planning functions. This has automated
plants to ensure employee welfare. third party costing. most of the supply chain planning and
processes through auto-generated
Competition is a way to stimulate and ˒ ĵȖŘOÌs_ ˄ğNŸŘŘsOǼ˅ʰ Ř ŸŘĶÞŘs reports. The Company keeps adding
encourage personal growth and help employee self-service platform. This new features to this suite, such as
people to excel in something they enjoy as OƼǼȖǋsǣ sŎƼĶŸɴssǣ˅ OŸŎƼĶsǼs ƼǋŸʩĶs trade-claim process and discount
well as giving them sense of achievement and enables them to add information module, to further enhance supply
and togetherness. Given this premise, this EŸȖǼŘsɠǣĨÞĶĶǣˀǇȖĶÞʩOǼÞŸŘʰȖƼ_Ǽs chain automation.
year the Company organised programmes personal details, and apply for and
like ‘Talent ka Challenge’ which was high approve leaves. Employee can also ˒ ˄ĵĨǣÌɴ˅ʰ ǣsOŸŘ_ǋɴ ǣĶsǣ ǣɴǣǼsŎʰ
energy, fresh, innovative cultural theme download his Payslips and Form 16 for tracking distributor secondary sales
programme and ‘play-sport’ which include from Jconnect. The platform provides and inventory.
sporting events like football, cricket and ǣsŎĶsǣǣ Ř_ ƼƼsǋĶsǣǣ ɠŸǋĨʪŸɠ
indoor games to enhance employee without any human intervention. NŸǣǼǣɴŘsǋ¶ÞsǣŘ_EsǣǼ˚ÞŘ˚OĶǣǣƼǋOǼÞOsǣ
engagement and encourage team spirit. The IT infrastructure has enabled the
˒ ĵȖŘOÌs_ ŎŸEÞĶs ƼƼǣ ¯Ÿǋ ǣǼ¯¯ Company to streamline operations,
INFORMATION TECHNOLOGY medical insurance and Modern Trade resulting in centralised processing of
SYSTEMS Merchandizers. The medical app allows data and timely information sharing.
IT platforms for business and human staff to carry Insurance Card 24*7 for Real-time data transfer, lean inventory
resources emergencies, check claim status and management, automation and demand-
Jyothy Laboratories Limited has invested ʩŘ_OǣÌĶsǣǣÌŸǣƼÞǼĶǣĶÞǣǼs_ȖŘ_sǋǼÌsÞǋ _ǋÞɚsŘ ǣȖƼƼĶɴ OÌÞŘ ŎsŘǣ ǣÞ¶ŘÞʩOŘǼ
in a superior IT infrastructure as a tool insurance policy. The Merchandizer app cost and time savings. More importantly,
ǼŸ ÞŎƼǋŸɚs ɠŸǋĨ s¯ʩOÞsŘOɴʰ ǋs_ȖOs allows the Company to digitally track it helps us to address customer problems
errors/ duplication, enhance business products on shelves and their display and attain greater customer satisfaction.
relationships, manage an extensive arrangement at various Modern trade
business network (1,660 stockists/ super outlets.
stockists managed through 40 CFA
locations), manage inventories better, and ˒ ÝŘÞǼÞǼs_ ^ÞǣǼǋÞEȖǼÞŸŘ ōŘ¶sŎsŘǼ
cut down on internal administrative delays. System for roll out across India at all
Super Distributors Point.
The major IT initiatives undertaken by
the Company during the year include: The existing IT infrastructure of the
˒ ÝŘɚsǣǼs_ ÞŘ Ǣƻ ǢˀˣËŗʰ ɠÌÞOÌ Þǣ Company includes:
next generation business suite that ˒
ǋŸEȖǣǼ OsŘǼǋĶÞǣs_ rǊƻ ʹsŘǼsǋƼǋÞǣs
is built on an in-memory computing resource planning) system capable
platform. The platform is designed with of covering business functions across
the modern SAP Fiori user experience; ʩŘŘOsʰ ÞŘɚsŘǼŸǋɴ ŎŘ¶sŎsŘǼˀ
the new suite helps to drive instant procurement, transportation/ logistics
business insight across business and HR & payroll. The system can
functions and roles. We plan to covers be connected easily from anywhere.
all critical business processes and have
integrated functions across various
The Company has also deployed MS
Business Intelligence Layer, which
˥ʰ˟˟ʰ˟˟˟
retail outlet reach in India
business lines. This suite is expected to provides a wide range of data analysis
be operational from April 2017. facilities.
FINANCIAL PERFORMANCE
ACCOUNTING POLICY
The Company follows the Generally Accepted Accounting Principles (GAAP) in India. These are the accepted accounting standards
Ÿ¯ǼÌsNŸŎƼŘÞsǣOǼʰˠ˨ˤ˥ʰŘ_ŎsŘ_s_ƼǋŸɚÞǣÞŸŘǣŸ¯ǼÌsǣŎsÞŘˡ˟ˠˢ¯ŸǋǼÌsƼǋsƼǋǼÞŸŘŸ¯ǼÌsNŸŎƼŘɴ˅ǣʩŘŘOÞĶǣǼǼsŎsŘǼǣʳ
The Company uses accrual basis of accounting except in cases of assets for which provision for impairment is made.
ǊrəÝrɟŷ®®ɳˡ˟ˠˤ˚ˠ˥ʹŷŗNŷŗǢŷĵÝ^ǻr^DǢÝǢʺ
Net Sales registered a 9.26% growth at ` 1,644.73 crore, other operating income decreased to ` 1.83 crore. The following table
indicates the segment revenue for the 12-month period from April 1, 2015 to March 31, 2016.
ǻÌsƼǋŸʩǼEÞĶÞǼɴŸ¯ǼÌs˄ǢŸƼǣŘ_^sǼsǋ¶sŘǼǣ˅ǣs¶ŎsŘǼǣǼŸŸ_Ǽ` 194.11 crore in FY 2015-16 from ` 147.71 crore in FY 2014-15.

ǻÌsƼǋŸʩǼEÞĶÞǼɴŸ¯ǼÌs˄ËŸŎsNǋs˅ǣs¶ŎsŘǼ¯ȖǋǼÌsǋÞŎƼǋŸɚs_ǼŸ` 21.86 crore from ` 8.22 crore in the previous year. The laundry
services division recorded a loss of ` 14.54 crore, compared to a loss of ` 13.07 crore in the previous year.
(` in crores)
ƻǋǼÞOȖĶǋǣ ˡ˟ˠˤ˚ˠ˥ ˡ˟ˠˣ˚ˠˤ
Soaps and Detergents 1,199.87 1,117.94

Home Care 387.42 332.30
Others 16.18 18.18 Note: Soaps and detergents include fabric
Laundry Services 43.06 42.05 whitener, fabric detergent, dishwash bars and
beauty soaps. Home care products includes
Inter Segment Revenue (1.80) (5.18)
household insecticides, incense sticks and
Net Sales 1,644.73 1,505.29 scrubbers. Others include body care. Laundry
services include dry cleaning and laundry.
COST ANALYSIS
Total cost (excluding interest, ESOP Expenses and depreciation) of the Company grew 6.49% from ` 1,323.11 crore in 2014-15 to
` 1,408.97 crore in 2015-16.
(` in crores)
ƻǋǼÞOȖĶǋǣ ˡ˟ˠˤ˚ˠ˥ ˡ˟ˠˣ˚ˠˤ
Earnings Before Interest, Tax, Depreciation, Amortisation and Impairment 234.69 172.93
Finance Cost (6.03) (13.77)
Depreciation, Amortisation and Impairment (31.40) (32.55)
Exceptional Item - (2.09)
ƻǋŸʩǼDs¯Ÿǋsǻɮ ˠ˨˦ʳˡ˥ ˠˡˣʳˤˡ
Provision for tax

- Net Current tax including Deferred Tax (39.31) 0.58
Short tax provision / MAT credit reversal of earlier years - (4.12)
ƻǋŸʩǼ¯Ǽsǋǻɮ ˠˤ˦ʳ˨ˤ ˠˡ˟ʳ˨˧
Minority Share (Share in Loss) - 0.14

ƻǋŸʩǼ¯ǼsǋǻɮŘ_ōÞŘŸǋÞǼɴǢÌǋs ˠˤ˦ʳ˨ˤ ˠˡˠʳˠˡ
NŸǋƼŸǋǼsŷɚsǋɚÞsɠ Performance µŸɚsǋŘŘOs ®ÞŘŘOÞĶǢǼǼsŎsŘǼǣ ˣ˨
Cost of Goods Sold Equity Inventory

^ȖǋÞŘ¶ ǼÌs ʩŘŘOÞĶ ɴsǋʰ NŷµǢ Ÿ¯ ǼÌs ǻÌs sǇȖÞǼɴ ǣÌǋs OƼÞǼĶ ʹÞǣǣȖs_ Ř_ ÝŘɚsŘǼŸǋɴ Ÿ¯ ǼÌs NŸŎƼŘɴ ǣǼŸŸ_ Ǽ
NŸŎƼŘɴÞŘOǋsǣs_ˡʳ˦˨̇¯ǋŸŎ`˦˦˦ʳˣ˥ ǣȖEǣOǋÞEs_ʺ Ÿ¯ ǼÌs NŸŎƼŘɴ OŸŘǣÞǣǼǣ Ÿ¯ ` ˠ˧ˡʳ˥ˤ OǋŸǋs ǣ ŸŘ ōǋOÌ ˢˠʰ ˡ˟ˠ˥
OǋŸǋsÞŘ®ɳˡ˟ˠˣ˚ˠˤǼŸ`˦˨˨ʳˠˢOǋŸǋsÞŘ ˠ˧ʰˠˠʰˠ˨ʰ˥˧˟sǇȖÞǼɴǣÌǋsǣŸ¯` ˠsOÌʳ OŸŎƼǋs_ǼŸ`ˠ˧ˤʳˡOǋŸǋsǣŸŘōǋOÌ
®ɳˡ˟ˠˤ˚ˠ˥_ȖsǼŸǋÞǣsÞŘŸƼsǋǼÞŸŘǣʳ ˢˠʰ ˡ˟ˠˤʳ ÝŘɚsŘǼŸǋɴ ǼȖǋŘŸɚsǋ ¯Ÿǋ ǼÌs
Reserves and Surplus NŸŎƼŘɴ ǣǼŸŸ_ Ǽ ˣˠ _ɴǣ ¯Ÿǋ ǣ ÞŘ
Employee Cost ǻÌsǋsǣsǋɚsǣŘ_ǣȖǋƼĶȖǣŸ¯ǼÌsNŸŎƼŘɴ ōǋOÌ ˡ˟ˠ˥ ǣ ¶ÞŘǣǼ ˣˤ _ɴǣ ǣ ÞŘ
ǻÌs rŎƼĶŸɴss NŸǣǼ ¶ǋsɠ ˠ˟ʳˤˣ̇ ¯ǋŸŎ ǣǼŸŸ_Ǽ`˧ˡ˧ʳ˟ˡOǋŸǋsʳ ōǋOÌˡ˟ˠˤʳ
`ˠˤ˟ʳˡ˥OǋŸǋsÞŘ®ɳˡ˟ˠˣ˚ˠˤǼŸ`ˠ˥˥ʳˠ˟
OǋŸǋsÞŘ®ɳˡ˟ˠˤ˚ˠ˥ʳrŎƼĶŸɴssNŸǣǼǣ Own Funds Sundry Debtors
ƼǋŸƼŸǋǼÞŸŘǼŸǼŸǼĶOŸǣǼɠǣǼˠˠʳ˦˨̇ÞŘ ǻÌsŘsǼɠŸǋǼÌŸ¯ǼÌsNŸŎƼŘɴÞŘOǋsǣs_ ǢȖŘ_ǋɴ _sEǼŸǋǣ ¯Ÿǋ ǼÌs NŸŎƼŘɴ ǣǼŸŸ_
®ɳ ˡ˟ˠˤ˚ˠ˥ OŸŎƼǋs_ ǼŸ ˠˠʳˢ˥̇ ÞŘ ®ɳ Eɴ˧ʳˤˢ̇¯ǋŸŎ`˦˧˟OǋŸǋsǣŸŘōǋOÌ Ǽ ` ˨ˣʳˠˠ OǋŸǋs ¯Ÿǋ ˠˡ˚ŎŸŘǼÌ ƼsǋÞŸ_
ˡ˟ˠˣ˚ˠˤʳ ˢˠʰˡ˟ˠˤǼŸ`˧ˣ˥OǋŸǋsǣŸŘōǋOÌˢˠʰ sŘ_ÞŘ¶ ōǋOÌ ˡ˟ˠ˥ʳ ^sEǼŸǋ ǼȖǋŘŸɚsǋ
ˡ˟ˠ˥ʳ ǣǼŸŸ_ Ǽ ˡˠ _ɴǣ ¯Ÿǋ ˠˡ˚ŎŸŘǼÌ
Other Expenses ƼsǋÞŸ_ sŘ_ÞŘ¶ ōǋOÌ ˡ˟ˠ˥ʳ ®Ÿǋ ǼÌs
ʹrɮOĶȖ_ÞŘ¶_ɚsǋǼÞǣsŎsŘǼŘ_ǢĶsǣ ǊsǼȖǋŘ ŸŘ ŗsǼ ɟŸǋǼÌ Ÿ¯ ǼÌs NŸŎƼŘɴ OŸǋǋsǣƼŸŘ_ÞŘ¶ ƼsǋÞŸ_ Ÿ¯ ǼÌs ƼǋsɚÞŸȖǣ
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ǻÌs NŸŎƼŘɴ˅ǣ ŸǼÌsǋ sɮƼsŘǣsǣ ˡ˟ˠ˥ÞŘOǋsǣs_ǼŸˠ˧ʳ˦̇ǣOŸŎƼǋs_ǼŸ
ʹOŸŎƼǋÞǣÞŘ¶ ƼŸɠsǋ Ř_ ¯ȖsĶʰ ǋsŘǼʰ ˠˤʳˤ̇ ¯Ÿǋ ǼÌs OŸǋǋsǣƼŸŘ_ÞŘ¶ ƼsǋÞŸ_ Ÿ¯ Cash and Bank Balances
Ķs¶Ķ Ř_ ƼǋŸ¯sǣǣÞŸŘʰ ¯ǋsÞ¶ÌǼ ŸȖǼɠǋ_ǣʰ ǼÌsƼǋsɚÞŸȖǣɴsǋʳ NǣÌŘ_EŘĨEĶŘOsǣ¯ŸǋǼÌsNŸŎƼŘɴ
OŸŎŎȖŘÞOǼÞŸŘ sɮƼsŘǣsǣʰ ǋsƼÞǋǣʰ ǣǼŸŸ_Ǽ`˥ˠʳˡ˟OǋŸǋsʳ
ǼǋɚsĶĶÞŘ¶ Ř_ ŸǼÌsǋ ŎÞǣOsĶĶŘsŸȖǣ Loan Funds
sɮƼsŘǣsǣʺ ¶ǋsɠ ˠˡʳ˨ˤ̇ ¯ǋŸŎ ` ˡˠˣʳˣˡ ǻÌs _sEǼ ƼŸǋǼ¯ŸĶÞŸ Ÿ¯ ǼÌs NŸŎƼŘɴ Loans and Advances
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Net Block Ÿ¯ǼÌsNŸŎƼŘɴǣŸŘōǋOÌ
^ǋÞɚsŘ Eɴ Ř ŸEĠsOǼÞɚs ǼŸ ¶sŘsǋǼs ˢˠʰˡ˟ˠ˥ǣǼŸŸ_Ǽ`ˠʰ˟˥˦ʳ˦˧OǋŸǋsʳ Other Liabilities and Provisions
¶ǋsǼsǋ EǋŘ_˚ƼȖĶĶʰ ǼÌs _ɚsǋǼÞǣsŎsŘǼ ŷǼÌsǋ ĶÞEÞĶÞǼÞsǣ Ř_ ƼǋŸɚÞǣÞŸŘǣ ¯Ÿǋ ǼÌs
Ř_ ǢĶsǣ ƻǋŸŎŸǼÞŸŘ rɮƼsŘǣsǣ Ÿ¯ Net Working Capital Ÿ¯ ǼÌs NŸŎƼŘɴ NŸŎƼŘɴǣǼŸŸ_Ǽ`ˠˡ˥ʳ˥ˠOǋŸǋsʳ
ǼÌs NŸŎƼŘɴ ÞŘOǋsǣs_ Eɴ ˠˠʳˢ˧̇ ǣǼŸŸ_ Ǽ ` ˥ˡʳˤ OǋŸǋs ǣ ŸŘ ōǋOÌ ˢˠʰ
¯ǋŸŎ ` ˠ˧˟ʳ˨˦ OǋŸǋs ÞŘ ®ɳ ˡ˟ˠˣ˚ ˡ˟ˠ˥ʳǻÌÞǣǼǋŘǣĶǼsǣǼŸˠˣ_ɴǣŸ¯ɠŸǋĨÞŘ¶
ˠˤ ǼŸ ` ˡ˟ˠʳˤ˥ OǋŸǋs ÞŘ ®ɳ ˡ˟ˠˤ˚ˠ˥ʳ OƼÞǼĶǣ¶ÞŘǣǼˠ˦_ɴǣÞŘ®ɳˡ˟ˠˣ˚ˠˤʳ
®ȖǋǼÌsǋʰ _ɚsǋǼÞǣsŎsŘǼ sɮƼsŘ_ÞǼȖǋs
ǣ ƼsǋOsŘǼ¶s ǼŸ ŘsǼ ǣĶsǣ ÞŘOǋsǣs_ Working Capital (`ÞŘOǋŸǋsǣʺ
ǼŸ ˠˡʳˡˤ̇ ÞŘ ®ɳ ˡ˟ˠˤ˚ˠ˥ OŸŎƼǋs_ ǼŸ Particulars 2015-16 2014-15
ˠˡʳ˟ˡ̇ÞŘ®ɳˡ˟ˠˣ˚ˠˤʳ Current Assets
ÝŘɚsŘǼŸǋÞsǣ ˠ˧ˡʳ˥ˤ ˠ˧ˤʳˡ˟
Margins ǻǋ_sǊsOsÞɚEĶsǣ ˨ˣʳˠˠ ˤ˦ʳˣˡ
ŷƼsǋǼÞŘ¶ rDÝ^ǻ Ŏǋ¶ÞŘ Ÿ¯ ǼÌs ĵŸŘǣŘ__ɚŘOsǣ ˡˤʳ˥ˡ ˢˠʳ˦ˣ
NŸŎƼŘɴ ¶ǋsɠ ˠ˦˟ EǣÞǣ ƼŸÞŘǼǣ ¯ǋŸŎ ŷǼÌsǋǣǣsǼǣ ˥ʳˤ˦ ˤʳ˟ˣ
308.95 279.40
ˠˡʳ˦̇ÞŘ®ɳˡ˟ˠˣ˚ˠˤǼŸˠˣʳˣ̇ÞŘ®ɳˡ˟ˠˤ˚
Current Liabilities
ˠ˥ ŸɠÞŘ¶ ǼŸ OÌŘ¶s ÞŘ ǣĶsǣ ŎÞɮ Ř_ ǻǋ_sƻɴEĶsǣ ˠ˥˟ʳ˧ˣ ˠˢˡʳˣ˥
_sOǋsǣs ÞŘ ǋɠ ŎǼsǋÞĶ Ř_ ƼOĨ¶ÞŘ¶ ŷǼÌsǋNȖǋǋsŘǼĵÞEÞĶÞǼÞsǣ ˤ˟ʳ˟ˡ ˣˡʳˣ˧
ƼǋÞOsǣʳ ƻǻ ǣǼŸŸ_ Ǽ ` ˠˤ˦ʳ˨ˤ OǋŸǋs ÞŘ ƻǋŸɚÞǣÞŸŘǣ ˢˤʳˤ˨ ˢˢʳ˥˦
®ɳ ˡ˟ˠˤ˚ˠ˥ ǣ OŸŎƼǋs_ ǼŸ ` ˠˡˠʳˠˡ 246.45 208.61
OǋŸǋsÞŘ®ɳˡ˟ˠˣ˚ˠˤŸŘOOŸȖŘǼŸ¯EsǼǼsǋ Net Working Capital 62.50 70.79
ŸƼsǋǼÞŘ¶ƼǋŸʩǼŘ_ĶŸɠsǋʩŘŘOsOŸǣǼǣʳ Sundry Creditors for the Company stood at ` 160.84 crore as on March 31, 2016,
against ` 132.46 crore as on March 31, 2015
ˤ˟ Jyothy Laboratories Limited
ŘŘȖĶǊsƼŸǋǼˡ˟ˠˤ˚ˠ˥
SUSTAINABILITY PRACTICES ÞǼǼŸȖŘ_sǋǣǼŘ_OǣÌʪŸɠOɴOĶsŸ¯ÝŘ_ÞŘ ˒ ËȖŎŘǋsǣŸȖǋOsǣǋÞǣĨʲǻÌsNŸŎƼŘɴ

Ǽ ğɴŸǼÌɴ ĵEŸǋǼŸǋÞsǣ ĵÞŎÞǼs_ʰ OŸŘǣȖŎsǋǣʳ OŸŘǣǼŘǼĶɴ ŎŸǼÞɚǼsǣ Ř_ ƼǋŸɚÞ_sǣ
ǣȖǣǼÞŘEÞĶÞǼɴÞǣŘŸǼĠȖǣǼEŸȖǼ_sɚsĶŸƼÞŘ¶ ǼǋÞŘÞŘ¶ǼŸÞǼǣsŎƼĶŸɴssǣʰsǣƼsOÞĶĶɴǼÌs
ƼǋŸʩǼ˚_ǋÞɚsŘEȖǣÞŘsǣǣŎŸ_sĶʱÞǼÞǣĶǣŸ ˒ NŸŎƼĶÞŘOsǋÞǣĨʲǻÌsNŸŎƼŘɴsŘǣȖǋsǣ ǣĶsǣ ¯ŸǋOsʰ ǼŸ ÞŎƼǋŸɚs Ƽsǋ¯ŸǋŎŘOs
EŸȖǼ ǼÌs NŸŎƼŘɴ˅ǣ OŸŎŎÞǼŎsŘǼ ÞǼ ¯ŸĶĶŸɠǣ ĶĶ ǣǼǼȖǼŸǋɴ Ř_ ǋs¶ȖĶǼŸǋɴ ǣǼŘ_ǋ_ǣ Ř_ OŸŘǼǋÞEȖǼs ǼŸɠǋ_ǣ
ǼŸ ¶Þɚs EOĨ ǼŸ ǼÌs OŸŎŎȖŘÞǼɴ Eɴ OŸŎƼĶÞŘOsǣʰ ÞŘOĶȖ_ÞŘ¶ OÌŘ¶sǣ ÞŘ Ǽɮ ¶ǋŸɠǼÌʳ
OÌŘŘsĶÞŘ¶ ¯ȖŘ_ǣ ÞŘ ƼǋsOÞǣs ŎŘŘsǋʳ ĶɠǣǣŘ_ɠÌsŘŘss_s_ʳ
ɟsǋsOŸ¶ŘÞǣsǼÌsÞŎƼŸǋǼŘOsŸ¯ŎĨÞŘ¶ ˒ ǢsǣŸŘĶ ǋÞǣĨʲ ǻÌs NŸŎƼŘɴ Ìǣ
ƼǋŸǣƼsǋÞǼɴ ǣOĶEĶs Ř_ ǣȖǣǼÞŘEĶs ¯Ÿǋ ˒ Ǌɠ ŎǼsǋÞĶ ǋÞǣĨʲ ÝŘEÞĶÞǼɴ ǼŸ ƼǋŸOȖǋs ɠsĶĶ˚_ÞɚsǋǣÞʩs_ ƼǋŸ_ȖOǼ ƼŸǋǼ¯ŸĶÞŸ ǼÌǼ
ŸȖǋ ǣǼĨsÌŸĶ_sǋǣʰ sŎƼĶŸɴssǣʰ ǣȖƼƼĶÞsǋǣʰ ǋɠ ŎǼsǋÞĶǣ ÞŘ ǼÞŎs Ř_ Ǽ ĶŸɠ OŸǣǼ ÌsĶƼǣOŸȖŘǼsǋǣsǣŸŘĶȖƼǣŘ__ŸɠŘǣ
EȖǣÞŘsǣǣ ƼǋǼŘsǋǣ Ř_ ǣŸOÞsǼɴ Ǽ Ķǋ¶sʳ ɠŸȖĶ_ ÌŎƼsǋ ƼǋŸ_ȖOǼÞŸŘ Ř_ Ķs_ ǼŸ ÞŘŘɴŸŘsOǼs¶Ÿǋɴʳ
ǻÌs ŎŸǣǼ s¯¯sOǼÞɚs ɠɴ Ÿ¯ _ŸÞŘ¶ ǼÌÞǣ Þǣ ǋs_ȖOǼÞŸŘ ÞŘ Ŏǋ¶ÞŘǣʳ ǻÌs NŸŎƼŘɴ
Eɴ ǋsÞŘ¯ŸǋOÞŘ¶ ŸȖǋ EȖǣÞŘsǣǣ ŎŸ_sĶ ŸŘ sŎƼĶŸɴǣ ÞŘ_ÞɚÞ_ȖĶǣ ÌɚÞŘ¶ ǣŸĶÞ_ INTERNAL CONTROL AND SYSTEMS
ǼÌsŸŘsÌŘ_ʰŘ_ȖǼÞĶÞǣÞŘ¶ǼÌsƼǋŸOss_ǣ sɮƼsǋÞsŘOs ÞŘ ɚsŘ_Ÿǋ ŎŘ¶sŎsŘǼ ǻÌs NŸŎƼŘɴ Ìǣ _sǇȖǼs ÞŘǼsǋŘĶ
ǼŸ ÞŎƼǋŸɚs ǼÌs ĶÞɚsǣ Ÿ¯ ƼsŸƼĶs ŸŘ ǼÌs ǼŸ sŘǣȖǋs ǼÌs ǣǼs_ɴ ǣȖƼƼĶɴ Ÿ¯ ǋɠ OŸŘǼǋŸĶ ǣɴǣǼsŎǣ Ř_ ƼǋŸOs_Ȗǋsǣ ÞŘ
ŸǼÌsǋʳ ǻÌs NŸŎƼŘɴ˅ǣ NǢǊ ÞŘÞǼÞǼÞɚsǣ ŎǼsǋÞĶǣ ¯Ÿǋ ǣŎŸŸǼÌ ŸƼsǋǼÞŸŘǣʳ ŷȖǋ ƼĶOs ¯Ÿǋ s¯¯sOǼÞɚs Ř_ ǣŎŸŸǼÌ OŸŘ_ȖOǼ
ȖŘÞ¯ɴ EȖǣÞŘsǣǣ Ř_ ǣŸOÞĶ ÞŘǼsǋsǣǼǣʳ ĶŸŘ¶˚ǼsǋŎ EȖǣÞŘsǣǣ ǋsĶǼÞŸŘǣÌÞƼǣ ɠÞǼÌ Ÿ¯ EȖǣÞŘsǣǣ Ř_ ǼŸ ŎssǼ sɮÞ¶sŘOÞsǣ Ÿ¯
ɟs ĶǣŸ ɠŸǋĨ ǼŸɠǋ_ǣ ǋs_ȖOÞŘ¶ ŸȖǋ Ķs_ÞŘ¶ǣȖƼƼĶÞsǋǣsŘEĶsȖǣǼŸŘs¶ŸǼÞǼs ŸƼsǋǼÞŸŘŘ_¶ǋŸɠǼÌʳǻÌsĨsɴEȖǣÞŘsǣǣ
sŘɚÞǋŸŘŎsŘǼĶ ¯ŸŸǼƼǋÞŘǼ Eɴ ƼǋŸOȖǋÞŘ¶ ǼÌs ĶŸɠsǣǼ ƼŸǣǣÞEĶs ƼǋÞOsǣʳ ®ȖǋǼÌsǋʰ ǼÌs ƼǋŸOsǣǣsǣ Ìɚs EssŘ _ŸOȖŎsŘǼs_ʳ
ǋɠŎǼsǋÞĶǣ¯ǋŸŎǣȖǣǼÞŘEĶsǣŸȖǋOsǣʳ NŸŎƼŘɴ Ìǣ ĶǣŸ sŘǼsǋs_ ÞŘǼŸ ĶŸŘ¶˚ ǻÌs ǼǋŘǣOǼÞŸŘǣ ǋs ǋsOŸǋ_s_ Ř_
ǼsǋŎ OŸŘǼǋOǼǣ ɠÞǼÌ ǋɠ ŎǼsǋÞĶ Ř_ ǋsƼŸǋǼs_ ÞŘ OŸŘ¯ŸǋŎÞǼɴ ɠÞǼÌ ¶sŘsǋĶĶɴ
^ȖǋÞŘ¶ ǼÌs ɴsǋʰ ǼÌs NŸŎƼŘɴ ǣsŘǼ ƼOĨ¶ÞŘ¶ŎǼsǋÞĶǣȖƼƼĶÞsǋǣǼŸOÌÞsɚs OOsƼǼs_ OOŸȖŘǼÞŘ¶ ƼǋOǼÞOsǣʳ ǻÌs
ʩŘŘOÞĶ Þ_ ǼŸ sǋǼÌǇȖĨs ɚÞOǼÞŎǣ ÞŘ OŸǣǼǣɚÞŘ¶ǣŘ_sŘǣȖǋsǋs¶ȖĶǋǣȖƼƼĶɴʳ ÞŘǼsǋŘĶOŸŘǼǋŸĶǣɴǣǼsŎǣŘ_ƼǋŸOs_Ȗǋsǣ
ŗsƼĶ Ř_ ʪŸŸ_ ɚÞOǼÞŎǣ ÞŘ NÌsŘŘÞʳ ÝŘ sŘǣȖǋs ǋsĶÞEÞĶÞǼɴ Ÿ¯ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ʰ
NÌsŘŘÞʰɠsĶǣŸȖŘ_sǋǼŸŸĨǋsǣƼŸŘǣÞEÞĶÞǼɴ ˒ ǢȖƼƼĶɴ OÌÞŘ ǋÞǣĨʲ ǻÌs NŸŎƼŘɴ OŸŎƼĶÞŘOsɠÞǼÌǼÌsNŸŎƼŘɴ˅ǣƼŸĶÞOÞsǣ
Ÿ¯_ÞǣǼǋÞEȖǼÞŘ¶ǼÌsNŸŎƼŘɴ˅ǣƼǋŸ_ȖOǼǣʳ Ìǣ ÞŘɚsǣǼs_ ÞŘ _sɚsĶŸƼÞŘ¶ _ɚŘOs_ Ř_ƼǋOǼÞOsǣʰ¶ŸɚsǋŘŎsŘǼĶǋs¶ȖĶǼÞŸŘǣ
ÞŘ¯ŸǋŎǼÞŸŘǼsOÌŘŸĶŸ¶ɴǣŸ¯ǼɠǋsǼÌǼÞǣ Ř_ǣǼǼȖǼsǣʳÝŘǼsǋŘĶȖ_ÞǼÞǣOŸŘ_ȖOǼs_
RISK MANAGEMENT OƼEĶsŸ¯_sŎŘ_¯ŸǋsOǣǼÞŘ¶Eǣs_ŸŘ EɴÞŘ_sƼsŘ_sŘǼʩǋŎŸ¯Ȗ_ÞǼŸǋǣʳÝŘǼsǋŘĶ
ǊÞǣĨ Þǣ Ř ÞŘÌsǋsŘǼ ¯sǼȖǋs Ÿ¯ Řɴ ÌÞǣǼŸǋÞOĶ _Ǽʳ ǻÌÞǣ Þǣ ĶÞ¶Řs_ ɠÞǼÌ ǋɠ Ȗ_ÞǼŸǋǣ ǋs¶ȖĶǋĶɴ OÌsOĨ ǼÌs _sǇȖOɴ
EȖǣÞŘsǣǣʳ ɟs ŘĶɴǣs ǼÌs ȖŘOsǋǼÞŘǼÞsǣ ŎǼsǋÞĶ ǣŸȖǋOÞŘ¶ Ř_ ŎŘȖ¯OǼȖǋÞŘ¶ʰ Ÿ¯ ǼÌs ǣɴǣǼsŎʰ ǼÌsÞǋ ŸEǣsǋɚǼÞŸŘǣ ǋs
ÞŘ ŸȖǋ EȖǣÞŘsǣǣ ǋÞǣÞŘ¶ ŸȖǼ Ÿ¯ ɚǋÞŸȖǣ Ķs_ÞŘ¶ ǼŸ ÞŎƼǋŸɚs_ ÞŘɚsŘǼŸǋɴ ǋsɚÞsɠs_ Eɴ ǼÌs ŎŘ¶sŎsŘǼ Ř_
ÞŘǼsǋŘĶ Ř_ sɮǼsǋŘĶ ¯OǼŸǋǣ Ř_ ŎŘ¶sŎsŘǼʰ ŸƼǼÞŎȖŎ ȖǼÞĶÞǣǼÞŸŘ ǋsŎs_ÞĶ ŎsǣȖǋsǣʰ ǣ ŘsOsǣǣǋɴʰ
ǼÌsÞǋ ÞŎƼOǼ ŸŘ ŸȖǋ ƼǋŸʩǼEÞĶÞǼɴʳ ǊÞǣĨ Ÿ¯ ǋsǣŸȖǋOsǣ ¯Ÿǋ ŎŘȖ¯OǼȖǋÞŘ¶ʰ ǋs ǼĨsŘʳ ÝŘǼsǋŘĶ Ȗ_ÞǼŸǋǣ ǋsƼŸǋǼ
ŎŘ¶sŎsŘǼ Þǣ Ř ÞŘǼs¶ǋĶ ƼǋǼ Ÿ¯ ŸȖǋ ǣŎŸŸǼÌ _ÞǣǼǋÞEȖǼÞŸŘ Ÿ¯ ƼǋŸ_ȖOǼǣ Ř_ _ÞǋsOǼĶɴ ǼŸ ǼÌs NÌÞǋŎŘ Ÿ¯ ǼÌs Ȗ_ÞǼ
NŸŎƼŘɴ Ř_ ÞŘɚŸĶɚsǣ ǣǼǋsŘ¶ǼÌsŘÞŘ¶ ÞŎƼǋŸɚsŎsŘǼÞŘǼÌsNŸŎƼŘɴ˅ǣɠŸǋĨÞŘ¶ NŸŎŎÞǼǼssǼŸŎÞŘǼÞŘÞǼǣŸEĠsOǼÞɚÞǼɴŘ_
ŸƼsǋǼÞŸŘǣ ǼÌǋŸȖ¶Ì _sǇȖǼs ƼĶŘŘÞŘ¶ OƼÞǼĶʳǻÌsNŸŎƼŘɴÌǣĶǣŸÞŘǼǋŸ_ȖOs_ ÞŘ_sƼsŘ_sŘOsʳ
Ř_ ȖŘ_sǋǼĨÞŘ¶ OǼÞŸŘǣ ɠÞǼÌ ¯ŸOȖǣ ǼǋŘǣƼŸǋǼ ŎŸ_ȖĶs ¯Ÿǋ ǣsǋɚÞOs ĶsɚsĶ
ŸŘ ¶ǋŸɠǼÌ Ř_ sŘÌŘOÞŘ¶ ǣÌǋsÌŸĶ_sǋ ÞŎƼǋŸɚsŎsŘǼ Ř_ EsǼǼsǋ OŸŘǼǋŸĶʳ ɟs
ɚĶȖsʳ ÞŘÞǼÞǼs_ ¯ŸOȖǣ ŸŘ OÌŘŘsĶ˚ɠÞǣs ǣsǋɚÞOs
ĶsɚsĶǼŸsŘǣȖǋsŎÞŘÞŎĶǣǼŸOĨŸȖǼǣʳ
˒ rOŸŘŸŎÞO ǋÞǣĨʲ ǼŸȖ¶Ì ŎOǋŸ˚
sOŸŘŸŎÞO ǣOsŘǋÞŸ ǋsǣȖĶǼǣ ÞŘ ĶŸɠ ˒ NŸŎƼsǼÞǼÞŸŘ ǋÞǣĨʲ ǻÌs NŸŎƼŘɴ
sŎƼĶŸɴŎsŘǼ ĶsɚsĶǣʰ ÌÞ¶Ì ÞŘʪǼÞŸŘ sŘǣȖǋsǣ ŎŘȖ¯OǼȖǋs Ÿ¯ ÌÞ¶Ì ǇȖĶÞǼɴ
Ř_ Ķsǣǣ ŎŸŘsɴ ÞŘ OŸŘǣȖŎsǋǣ˅ ÌŘ_ʰ ƼǋŸ_ȖOǼǣ ɠÞǼÌ ǣȖƼsǋÞŸǋ Ƽsǋ¯ŸǋŎŘOs
Ķs_ÞŘ¶ǼŸĶŸɠsǋ_sŎŘ_ʳǻÌsOȖǋǋsŘǼ Ř_ ȖŘ_sǋǼĨsǣ sɮǼsŘǣÞɚs ŎǋĨsǼÞŘ¶
ŎOǋŸ˚sOŸŘŸŎÞO ǣOsŘǋÞŸ ÞŘ ǼÌs Ř_ _ɚsǋǼÞǣÞŘ¶ OǼÞɚÞǼÞsǣ ǼŸ OǋsǼs
OŸȖŘǼǋɴÞǣǣǼEĶsŘ_ƼŸǣÞǼÞɚsɠÞǼÌĶŸɠ ɠǋsŘsǣǣ Ř_ ǋsOĶĶʳ ǻÌs NŸŎƼŘɴ
ÞŘʪǼÞŸŘʳ ōŸǋsŸɚsǋʰ ǼÌs NŸŎƼŘɴ Ìǣ ȖǼÞĶÞǣsǣ _Þɚsǋǣs OŸŎŎȖŘÞOǼÞŸŘ Ŏs_Þ
_ÞɚsǋǣÞʩs_ƼǋŸ_ȖOǼǣǼǋǼs¶ɴʰsŘEĶÞŘ¶ ¯ŸǋÞǼǣƻŸɠsǋEǋŘ_ǣʳ
NŸǋƼŸǋǼsŷɚsǋɚÞsɠ ƻsǋ¯ŸǋŎŘOs Governance ®ÞŘŘOÞĶǢǼǼsŎsŘǼǣ ˤˠ
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M. P. Ramachandran R. Nanabhoy & Co.
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ʹ^Ýŗʲ˟˟ˤˤˢˣ˟˥ʺ
REGISTERED OFFICE
K. Ullas Kamath Jyothy Laboratories Limited
ğŸÞŘǼōŘ¶ÞŘ¶^ÞǋsOǼŸǋ˓NÌÞs¯®ÞŘŘOÞĶŷ¯ʩOsǋ ȕĠĶËŸȖǣsʰǊŎĨǋÞǣÌŘōŘ_ÞǋǊŸ_ʰ
ʹ^Ýŗʲ˟˟ˤ˟˥˥˧ˠʺ ħŸŘ_ÞɚÞǼʰŷ¯¯Ř_ÌsǋÞħȖǋĶǊŸ_ʰ
Ř_ÌsǋÞrǣǼʰōȖŎEÞ˚ˣ˟˟˟ˤ˨ʰōÌǋǣÌǼǋʳ
S. Raghunandan ǻsĶsƼÌŸŘsʲ̛˨ˠ˚ˡˡ˚˥˥˧˨ˡ˧˟˟
ɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋ˓NÌÞs¯rɮsOȖǼÞɚsŷ¯ʩOsǋʹȕƼǼŸˡˢʳ˟ˤʳˡ˟ˠ˥ʺ ®ɮʲ̛˨ˠ˚ˡˡ˚˥˥˧˨ˡ˧˟ˤ
ʹ^Ýŗʲ˟ˡˡ˥ˢ˧ˣˤʺ rŎÞĶʲÞŘ¯Ÿ˔ĠɴŸǼÌɴʳOŸŎ
ɟsEǣÞǼsʲɠɠɠʳĠɴŸǼÌɴĶEŸǋǼŸǋÞsǣʳOŸŎ
M. R. Jyothy
ɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋ CORPORATE IDENTITY NUMBER (CIN)
ʹ^Ýŗʲ˟˟ˤ˦ˠ˧ˡ˧ʺ ĵˡˣˡˣ˟ōËˠ˨˨ˡƻĵNˠˡ˧˥ˤˠ
Nilesh B. Mehta
ǊrµÝǢǻǊǊ˓ǢËǊrǻǊŗǢ®rǊµrŗǻ
ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋ
Link Intime India Private Limited
ʹ^Ýŗʲ˟˟ˠ˨˨˟˦ˠʺ
NÝŗ˚ȕ˥˦ˠ˨˟ōËˠ˨˨˨ƻǻNˠˠ˧ˢ˥˧
N˚ˠˢʰƻŘŘĶĶǢÞĶĨōÞĶĶǣNŸŎƼŸȖŘ_ʰ
K. P. Padmakumar
ĵʳDʳǢōǋ¶ʰDÌŘ_ȖƼʹɟsǣǼʺʰōȖŎEÞ˚ˣ˟˟˟˦˧ʰōÌǋǣÌǼǋʳ
ǻsĶʳʲ̛˨ˠ˚ˡˡ˚ˡˤ˨˥ˢ˧ˢ˧ʰ̛˨ˠ˚ˡˡ˚ˡˤ˨ˣ˥˨˦˟
ʹ^Ýŗʲ˟˟˟ˡˢˠ˦˥ʺ
®ɮʲ̛˨ˠ˚ˡˡ˚ˡˤ˨ˣ˥˨˥˨
rŎÞĶʲǋŘǼʳÌsĶƼ_sǣĨ˔ĶÞŘĨǼÞŎsʳOŸʳÞŘ
Bipin R. Shah
ʹ^Ýŗʲ˟˟˟˟˥˟˨ˣʺ DEBENTURE TRUSTEE
Axis Trustee Services Limited
R. Lakshminarayanan NÝŗ˚ȕ˦ˣ˨˨˨ōËˡ˟˟˧ƻĵNˠ˧ˡˡ˥ˣ
ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋ ɮÞǣËŸȖǣsʰˡŘ_®ĶŸŸǋʰ
ʹ^Ýŗʲ˟˟ˡˢ˧˧˧˦ʺ ɟ_ÞÝŘǼsǋŘǼÞŸŘĶNsŘǼǋsʰ
ƻŘ_ȖǋŘ¶DȖ_ÌĨǋōǋ¶ʰ
ɟŸǋĶÞʰōȖŎEÞ˚ˣ˟˟˟ˡˤ
COMPANY SECRETARY
ƻÌŸŘsʲ˟ˡˡ˚ˡˣˡˤˤˡˡˤʹ^ʺ
M. L. Bansal ʹȕƼǼŸˡˢʳ˟ˤʳˡ˟ˠ˥ʺ
ɟsEǣÞǼsʲɠɠɠʳɮÞǣǼǋȖǣǼssʳOŸŎ
ʹōsŎEsǋǣÌÞƼŗŸʳ®ˡˡ˨˦ʺ
Shreyas Trivediʹɠʳsʳ¯ʳˡˢʳ˟ˤʳˡ˟ˠ˥ʺ
ʹōsŎEsǋǣÌÞƼŗŸʳˠˡ˦ˢ˨ʺ
STATUTORY AUDITORS
S R B C & Co LLP
ʹ®ÞǋŎǊs¶ÞǣǼǋǼÞŸŘŗŸʳˢˡˣ˨˧ˡrˀrˢ˟˟˟˟ˢʺ
INTERNAL AUDITORS
Mahajan And Aibara Chartered Accountants LLP
ʹ®ÞǋŎǊs¶ÞǣǼǋǼÞŸŘŗŸʳˠ˟ˤ˦ˣˡɟʺ
DIRECTORS’ REPORT
To,
The Members,
It is our pleasure to present the 25th Annual Report of your Company together with the Audited Financial Statements for the
ʩŘŘOÞĶɴsǋsŘ_s_ōǋOÌˢˠʰˡ˟ˠ˥ʳ
FINANCIAL PERFORMANCE
ɳŸȖǋNŸŎƼŘɴ˅ǣʩŘŘOÞĶƼsǋ¯ŸǋŎŘOs¯ŸǋǼÌsʩŘŘOÞĶɴsǋsŘ_s_ōǋOÌˢˠʰˡ˟ˠ˥OŸŎƼǋs_ɠÞǼÌƼǋsɚÞŸȖǣʩŘŘOÞĶɴsǋÞǣ
summarised below:
(` in Crore)
Financial results Financial Year ended Financial Year ended

March 31, 2016 March 31, 2015
Net Sales ˠʰˤ˦ˢʳˤˠ ˠʰˣˡ˧ʳˡ˦
Other Income ˠˠʳˢ˧ ˠ˥ʳˡˤ
Earnings before interest, tax, depreciation, amortization and impairment ˡˡ˦ʳˠ˨ ˠ˦ˡʳˡˤ
Interest & Finance Charges/(Income) Net ʹˣˡʳˠ˥ʺ ʹˣ˦ʳˠˢʺ
Depreciation, Amortization and Impairment- Tangibles ˡˡʳˣ˧ ˡˣʳˡ˦
Depreciation and Amortization- Intangibles ˣˤʳˣ˥ ˣ˥ʳˠ˟
Exceptional Item - ˡʳ˟˨
ƻǋŸʩǼEs¯ŸǋsǼɮ ˡ˟ˠʳˣˠ ˠˣ˥ʳ˨ˡ
ƻǋŸɚÞǣÞŸŘ¯ŸǋǼɮ
- Current tax- (MAT) ˣˢʳˠˡ ˢ˟ʳ˦ˤ
- MAT Credit entitlement ʹˡ˧ʳ˥˟ʺ ʹˢ˟ʳ˦ˤʺ
˚rɮOsǣǣǼɮƼǋŸɚÞǣÞŸŘˀōǻOǋs_ÞǼǋsɚsǋǣĶŸ¯sǋĶÞsǋɴsǋǣ - ˣʳˠˢ
- Deferred Tax change ˡˣʳˤˢ -
ƻǋŸʩǼ¯ǼsǋǼɮ ˠ˥ˡʳˢ˥ ˠˣˡʳ˦˨
Balance as per last Balance Sheet
– Brought forward ˡˠʳ˟˨ ˡˡʳˡ˧
DĶŘOsɚÞĶEĶs¯ŸǋƼƼǋŸƼǋÞǼÞŸŘǣ ˠ˧ˢʳˣˤ ˠ˥ˤʳ˟˦
Appropriations:
^ÞɚÞ_sŘ_ƻÞ_ʹÝŘǼsǋÞŎʺ ˦ˡʳˣˤ -
NŸǋƼŸǋǼs^ÞɚÞ_sŘ_ǻɮŸŘÝŘǼsǋÞŎ^ÞɚÞ_sŘ_ ˠˣʳ˦ˤ -
ƻǋŸƼŸǣs_^ÞɚÞ_sŘ_ʹ®ÞŘĶʺ ˠ˧ʳˠˠ ˦ˡʳˣˠ
NŸǋƼŸǋǼs^ÞɚÞ_sŘ_ǻɮŸŘƼǋŸƼŸǣs__ÞɚÞ_sŘ_ ˢʳ˥˨ ˠˣʳ˦ˣ
^sƼǋsOÞǼÞŸŘǣƼsǋǢOÌs_ȖĶsÝÝŸ¯NŸŎƼŘÞsǣOǼʰˡ˟ˠˢ - ˢʳˠˠ
ǻǋŘǣ¯sǋǼŸµsŘsǋĶǊsǣsǋɚs - -
ǻǋŘǣ¯sǋǼŸ^sEsŘǼȖǋsǊs_sŎƼǼÞŸŘǊsǣsǋɚs ˣˤʳ˥˟ ˤˢʳ˦ˡ
DĶŘOsNǋǋÞs_®Ÿǋɠǋ_ʹƻǋŸʩǼŘ_ĵŸǣǣOOŸȖŘǼʺ ˡ˧ʳ˧˥ ˡˠʳ˟˨
Earning Per Share (Basic) (In `) ˧ʳ˨˦ ˦ʳ˧˨
Earning Per Share (Diluted) (In `) ˧ʳ˧ˣ ˦ʳ˧ˢ
^ÞɚÞ_sŘ_ƻsǋǢÌǋsŸ¯¯OsɚĶȖsŸ¯` 1/- (In `) ˤʳ˟˟ ˣʳ˟˟

NŸǋƼŸǋǼsŷɚsǋɚÞsɠ Performance Governance Financial Statements ˤˢ
PERFORMANCE HIGHLIGHTS your Company) amalgamated with Jyothy Consumer Products

The gross sales (including Excise Duty) from operations on ōǋĨsǼÞŘ¶ ĵÞŎÞǼs_ ˚ ğNƻōĵ ʹǢǼsƼ _ŸɠŘ ǣȖEǣÞ_Þǋɴ Ÿ¯ ɴŸȖǋ
ǣǼŘ_ĶŸŘsEǣÞǣŸ¯ɴŸȖǋNŸŎƼŘɴ¯ŸǋǼÌsʩŘŘOÞĶɴsǋˡ˟ˠˤ˚ NŸŎƼŘɴ Þʳsʳ ɟÌŸĶĶɴ ŷɠŘs_ ǢȖEǣÞ_Þǋɴ Ÿ¯ ÝNƻƻĵʺ ƼȖǋǣȖŘǼ
ˠ˥ ¶ǋsɠ Eɴ ˠ˟ʳˡˤ̇ Ř_ ǣǼŸŸ_ Ǽ ` ˠʰ˥ˢˡʳ˧˧ NǋŸǋs OŸŎƼǋs_ to the Scheme of Amalgamation sanctioned by the Hon’ble
to ` ˠʰˣ˧ˠʳˠˣ NǋŸǋs ÞŘ ǼÌs ƼǋsɚÞŸȖǣ ʩŘŘOÞĶ ɴsǋʳ ǻÌs ƼǋŸʩǼ ËÞ¶ÌNŸȖǋǼŸ¯ğȖ_ÞOǼȖǋsǼDŸŎEɴɚÞ_sÞǼǣŷǋ_sǋ_Ǽs_ğȖĶɴ
before tax was at ` ˡ˟ˠʳˣˠNǋŸǋsǣ¶ÞŘǣǼ` ˠˣ˥ʳ˨ˡNǋŸǋsÞŘǼÌs ˢʰ ˡ˟ˠˤ ɠÌÞOÌ OŎs ÞŘǼŸ s¯¯sOǼ ŸŘ Ȗ¶ȖǣǼ ˥ʰ ˡ˟ˠˤ Ř_ ǣ
ƼǋsɚÞŸȖǣʩŘŘOÞĶɴsǋʰǋs¶ÞǣǼsǋÞŘ¶¶ǋŸɠǼÌŸ¯ˢ˦ʳ˟˧̇ʳǻÌsŘsǼ ǋsǣȖĶǼʰğNƻōĵɠÌÞOÌɠǣǣǼsƼ_ŸɠŘǣȖEǣÞ_ÞǋɴEsOŎs_ÞǋsOǼ
ƼǋŸʩǼ¯ŸǋǼÌsʩŘŘOÞĶɴsǋˡ˟ˠˤ˚ˠ˥ŎŸȖŘǼs_ǼŸ` ˠ˥ˡʳˢ˥NǋŸǋs ǣȖEǣÞ_ÞǋɴŸ¯ɴŸȖǋNŸŎƼŘɴʳ
compared to `ˠˣˡʳ˦˨NǋŸǋsÞŘǼÌsƼǋsɚÞŸȖǣʩŘŘOÞĶɴsǋʳ rɮOsƼǼ ǣ ŎsŘǼÞŸŘs_ EŸɚsʰ ŘŸ OŸŎƼŘɴ Ìǣ EsOŸŎs Ÿǋ
The consolidated gross sales (including Excise Duty) from Osǣs_ǼŸEsÞǼǣǣȖEǣÞ_ÞǋɴʰĠŸÞŘǼɚsŘǼȖǋsŸǋǣǣŸOÞǼsOŸŎƼŘɴ
ŸƼsǋǼÞŸŘǣ Ÿ¯ ɴŸȖǋ NŸŎƼŘɴ ¯Ÿǋ ǼÌs ɴsǋ ȖŘ_sǋ ǋsɚÞsɠ ǣǼŸŸ_ Ǽ _ȖǋÞŘ¶ǼÌsʩŘŘOÞĶɴsǋˡ˟ˠˤ˚ˠ˥ʳ
` ˠʰ˥˥˟ʳ˧ˤNǋŸǋsǣ¶ÞŘǣǼ` ˠʰˤˠˤʳ˨˦NǋŸǋsÞŘǼÌsƼǋsɚÞŸȖǣʩŘŘOÞĶ
ɴsǋʰǋsƼŸǋǼÞŘ¶¶ǋŸɠǼÌŸ¯˨ʳˤ˥̇ʳǻÌsOŸŘǣŸĶÞ_Ǽs_ƼǋŸʩǼEs¯Ÿǋs AMALGAMATION OF SUBSIDIARY
tax was at `ˠ˨˦ʳˡ˥NǋŸǋsǋs¶ÞǣǼsǋÞŘ¶¶ǋŸɠǼÌŸ¯ˤˤʳ˦˨̇ŸɚsǋǼÌs ǻÌs DŸǋ_ Ÿ¯ ^ÞǋsOǼŸǋǣ Ǽ ÞǼǣ ŎssǼÞŘ¶ ÌsĶ_ ŸŘ ōɴ ˡˢʰ ˡ˟ˠ˥
OŸŘǣŸĶÞ_Ǽs_ƼǋŸʩǼEs¯ŸǋsǼɮŸ¯ǼÌsƼǋsɚÞŸȖǣʩŘŘOÞĶɴsǋʳǻÌs ƼƼǋŸɚs_ ǼÌs ƼǋŸƼŸǣĶ Ÿ¯ ŎĶ¶ŎǼÞŸŘ Ÿ¯ ÞǼǣ ɠÌŸĶĶɴ
OŸŘǣŸĶÞ_Ǽs_ƼǋŸʩǼ¯ǼsǋǼɮǼ`ˠˤ˦ʳ˨˥NǋŸǋsǋsʪsOǼs_¶ǋŸɠǼÌŸ¯ ŸɠŘs_ ǣȖEǣÞ_Þǋɴ ɚÞʊʳʰ ğɴŸǼÌɴ NŸŘǣȖŎsǋ ƻǋŸ_ȖOǼǣ ōǋĨsǼÞŘ¶
ˢ˟ʳˣˡ̇¶ÞŘǣǼƼǋŸʩǼ¯ǼsǋǼɮŸ¯ǼÌsƼǋsɚÞŸȖǣʩŘŘOÞĶɴsǋʳ ĵÞŎÞǼs_ɠÞǼÌɴŸȖǋNŸŎƼŘɴʳǻÌsƼƼŸÞŘǼs_^Ǽs¯ŸǋǼÌsǣÞ_
ŎĶ¶ŎǼÞŸŘÞǣʩɮs_ǣƼǋÞĶˠʰˡ˟ˠ˥ʳ
DIVIDEND
ǻÌsDŸǋ_ÌǣsŘÌŘOs_ǼÌsǼŸǼĶ_ÞɚÞ_sŘ_ʹÝŘǼsǋÞŎŘ_®ÞŘĶʺ DIRECTORS’ RESPONSIBILITY STATEMENT
to ` ˤˀ˚ʹǊȖƼssǣ®ÞɚsʺƼsǋrǇȖÞǼɴǢÌǋsŸ¯` 1/- each for the ÝŘ ǼsǋŎǣ Ÿ¯ ǢsOǼÞŸŘ ˠˢˣʹˤʺ Ÿ¯ ǼÌs NŸŎƼŘÞsǣ OǼʰ ˡ˟ˠˢʰ ÞŘ
ʩŘŘOÞĶɴsǋˡ˟ˠˤ˚ˠ˥ǣ¶ÞŘǣǼ` ˣˀ˚ʹǊȖƼssǣ®ŸȖǋʺƼsǋrǇȖÞǼɴ relation to the Audited Financial Statements of your Company
share ` ˠˀ˚sOÌƼÞ_ÞŘǼÌsƼǋsɚÞŸȖǣʩŘŘOÞĶɴsǋʳ ¯Ÿǋ ǼÌs ʩŘŘOÞĶ ɴsǋ sŘ_s_ ōǋOÌ ˢˠʰ ˡ˟ˠ˥ʰ ǼÌs DŸǋ_ Ÿ¯
ǻÌsDŸǋ_ÞǣƼĶsǣs_ǼŸǋsOŸŎŎsŘ_®ÞŘĶ^ÞɚÞ_sŘ_Ÿ¯` 1/- ^ÞǋsOǼŸǋǣÌsǋsEɴOŸŘʩǋŎǣǼÌǼʲ
ʹǊȖƼssŷŘsʺƼsǋrǇȖÞǼɴǢÌǋsʹ˔ˠ˟˟̇Ÿ¯¯OsəĶȖsŸ¯rǇȖÞǼɴ ʳ ÝŘǼÌsƼǋsƼǋǼÞŸŘŸ¯ǼÌsŘŘȖĶOOŸȖŘǼǣ¯ŸǋǼÌsʩŘŘOÞĶ
Share of ` ˠˀ˚ sOÌʺ ¯Ÿǋ ǼÌs ʩŘŘOÞĶ ɴsǋ sŘ_s_ ōǋOÌ ˢˠʰ ɴsǋ sŘ_s_ ōǋOÌ ˢˠʰ ˡ˟ˠ˥ʰ ǼÌs ƼƼĶÞOEĶs OOŸȖŘǼÞŘ¶
ˡ˟ˠ˥ʳǻÌs®ÞŘĶ^ÞɚÞ_sŘ_ƼɴŸȖǼŸ¯` ˡˠʳ˧˟NǋŸǋsʹÞŘOĶȖǣÞɚsŸ¯ ǣǼŘ_ǋ_ǣ ǋs_ ɠÞǼÌ ǼÌs ǋsǇȖÞǋsŎsŘǼǣ ǣsǼ ŸȖǼ ȖŘ_sǋ
tax of ` ˢʳ˥˨ NǋŸǋsʺ Þǣ ǣȖEĠsOǼ ǼŸ ǼÌs ƼƼǋŸɚĶ Ÿ¯ ōsŎEsǋǣ Ǽ ǢOÌs_ȖĶsÝÝÝǼŸǼÌsOǼʰÌɚsEssŘ¯ŸĶĶŸɠs_Ř_ǼÌsǋsɠsǋs
ǼÌssŘǣȖÞŘ¶ŘŘȖĶµsŘsǋĶōssǼÞŘ¶Ÿ¯ɴŸȖǋNŸŎƼŘɴʳ®ȖǋǼÌsǋʰ no material departures from the same;
ɴŸȖǋNŸŎƼŘɴƼÞ_ÞŘōǋOÌˡ˟ˠ˥ʰŘÞŘǼsǋÞŎ_ÞɚÞ_sŘ_Ÿ¯` 4/-
Eʳ ɴŸȖǋ ^ÞǋsOǼŸǋǣ Ìɚs ǣsĶsOǼs_ ǣȖOÌ OOŸȖŘǼÞŘ¶ ƼŸĶÞOÞsǣ
ʹǊȖƼssǣ®ŸȖǋʺƼsǋrǇȖÞǼɴǢÌǋsʹ˔ˣ˟˟̇Ÿ¯¯OsɚĶȖsŸ¯rǇȖÞǼɴ
Ř_ƼƼĶÞs_ǼÌsŎOŸŘǣÞǣǼsŘǼĶɴŘ_Ŏ_sĠȖ_¶ŎsŘǼǣŘ_
Share of ` 1/- each) amounting to `˧˦ʳˡ˟NǋŸǋsʹÞŘOĶȖǣÞɚsŸ¯Ǽɮ
sǣǼÞŎǼsǣǼÌǼɠsǋsǋsǣŸŘEĶsŘ_ƼǋȖ_sŘǼǣŸǣǼŸ¶Þɚs
of `ˠˣʳ˦ˤNǋŸǋsʺʳ
ǼǋȖsŘ_¯ÞǋɚÞsɠŸ¯ǼÌsǣǼǼsŸ¯¯¯ÞǋǣŸ¯ɴŸȖǋNŸŎƼŘɴ
ǣǼōǋOÌˢˠʰˡ˟ˠ˥Ř_Ÿ¯ǼÌsƼǋŸʩǼŸ¯ɴŸȖǋNŸŎƼŘɴ
TRANSFER TO RESERVES
for the year ended on that date;
Your Company transferred a sum of ` ˣˤʳ˥˟NǋŸǋsʹ` ˤˢʳ˦ˡNǋŸǋs
Oʳ ɴŸȖǋ ^ÞǋsOǼŸǋǣ Ìɚs ǼĨsŘ ƼǋŸƼsǋ Ř_ ǣȖ¯ʩOÞsŘǼ Oǋs
ÞŘ ǼÌs ƼǋsɚÞŸȖǣ ʩŘŘOÞĶ ɴsǋʺ ǼŸ ǼÌs ^sEsŘǼȖǋs Ǌs_sŎƼǼÞŸŘ
¯Ÿǋ ǼÌs ŎÞŘǼsŘŘOs Ÿ¯ _sǇȖǼs OOŸȖŘǼÞŘ¶ ǋsOŸǋ_ǣ ÞŘ
Ǌsǣsǋɚs_ȖǋÞŘ¶ǼÌsɴsǋȖŘ_sǋǋsɚÞsɠʳ
OOŸǋ_ŘOsɠÞǼÌǼÌsƼǋŸɚÞǣÞŸŘǣŸ¯ǼÌÞǣOǼ¯Ÿǋǣ¯s¶Ȗǋ_ÞŘ¶
ǼÌs ǣǣsǼǣ Ÿ¯ ɴŸȖǋ NŸŎƼŘɴ Ř_ ¯Ÿǋ ƼǋsɚsŘǼÞŘ¶ Ř_
CONSOLIDATED ACCOUNTS
detecting fraud and other irregularities;
The Consolidated Financial Statements of your Company are
_ʳ ɴŸȖǋ ^ÞǋsOǼŸǋǣ Ìɚs ƼǋsƼǋs_ ŘŘȖĶ OOŸȖŘǼǣ Ÿ¯ ɴŸȖǋ
ƼǋsƼǋs_ÞŘOOŸǋ_ŘOsɠÞǼÌǼÌsǋsĶsɚŘǼOOŸȖŘǼÞŘ¶ǢǼŘ_ǋ_ǣ
Company on a going concern basis;
ɚÞʊʳʰǢ˚ˡˠÞǣǣȖs_EɴǼÌsÝŘǣǼÞǼȖǼsŸ¯NÌǋǼsǋs_OOŸȖŘǼŘǼǣŸ¯
ÝŘ_ÞŘ_¯ŸǋŎǣÞŘǼs¶ǋĶƼǋǼŸ¯ǼÌsŘŘȖĶǊsƼŸǋǼʳ sʳ ɴŸȖǋ^ÞǋsOǼŸǋǣÌɚsĶÞ__ŸɠŘÞŘǼsǋŘĶʩŘŘOÞĶOŸŘǼǋŸĶǣ
to be followed by your Company and that such internal
PERFORMANCE OF SUBSIDIARIES, ASSOCIATE ʩŘŘOÞĶ OŸŘǼǋŸĶǣ ǋs _sǇȖǼs Ř_ ǋs ŸƼsǋǼÞŘ¶
COMPANIES/ JOINT VENTURES s¯¯sOǼÞɚsĶɴʱŘ_
ǋsƼŸǋǼŸŘǼÌsƼsǋ¯ŸǋŎŘOsŘ_ʩŘŘOÞĶƼŸǣÞǼÞŸŘŸ¯sOÌŸ¯ ¯ʳ ɴŸȖǋ ^ÞǋsOǼŸǋǣ Ìɚs _sɚÞǣs_ ƼǋŸƼsǋ ǣɴǣǼsŎǣ ǼŸ sŘǣȖǋs
ǼÌsǢȖEǣÞ_ÞǋÞsǣʰǣǣŸOÞǼsǣŘ_ğŸÞŘǼəsŘǼȖǋsNŸŎƼŘÞsǣǣƼsǋ OŸŎƼĶÞŘOsɠÞǼÌǼÌsƼǋŸɚÞǣÞŸŘǣŸ¯ĶĶƼƼĶÞOEĶsĶɠǣŘ_
ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢÞǣǼǼOÌs_ǣŘŘsɮȖǋsǼŸǼÌÞǣǋsƼŸǋǼ ǼÌǼǣȖOÌǣɴǣǼsŎǣǋs_sǇȖǼsŘ_ŸƼsǋǼÞŘ¶s¯¯sOǼÞɚsĶɴʳ
Ř_ÌsŘOsŘŸǼǋsƼsǼs_Ìsǋs¯ŸǋǼÌsǣĨsŸ¯EǋsɚÞǼɴʳƻŸĶÞOɴ¯Ÿǋ
determining material subsidiaries formulated and adopted by MANAGEMENT DISCUSSION & ANALYSIS REPORT
your Company can be accessed from your Company’s website ÝŘ ǼsǋŎǣ Ÿ¯ ǼÌs ƼǋŸɚÞǣÞŸŘǣ Ÿ¯ Ǌs¶ȖĶǼÞŸŘ ˢˣʹˡʺ Ÿ¯ ǼÌs
at the link: ÌǼǼƼʲˀˀɠɠɠʳĠɴŸǼÌɴĶEŸǋǼŸǋÞsǣʳOŸŎˀ_ŎÞŘˀ_ŸOǣˀ ǢsOȖǋÞǼÞsǣ Ř_ rɮOÌŘ¶s DŸǋ_ Ÿ¯ ÝŘ_Þ ʹĵÞǣǼÞŘ¶ ŷEĶÞ¶ǼÞŸŘǣ
ƻōǢ̬ğĵĵ̬ɟsEǣÞǼsʳƼ_¯ Ř_ ^ÞǣOĶŸǣȖǋs ǊsǇȖÞǋsŎsŘǼǣʺ Ǌs¶ȖĶǼÞŸŘǣʰ ˡ˟ˠˤʰ ǼÌs
^ȖǋÞŘ¶ǼÌsɴsǋȖŘ_sǋǋsɚÞsɠʰǣǣŸOÞǼs_ÝŘ_ȖǣǼǋÞsǣNŸŘǣȖŎsǋ Management Discussion & Analysis Report is attached and
ƻǋŸ_ȖOǼǣƻǋÞɚǼsĵÞŎÞǼs_˚ÝNƻƻĵʹɟÌŸĶĶɴŷɠŘs_ǢȖEǣÞ_ÞǋɴŸ¯ ¯ŸǋŎǣŘÞŘǼs¶ǋĶƼǋǼŸ¯ǼÌÞǣǊsƼŸǋǼʳ
ISSUE OF SHARES ǼǼsŘǼÞŸŘ Ÿ¯ ōsŎEsǋǣ Þǣ ĶǣŸ _ǋɠŘ ǼŸ ŗŸǼs ŗŸʳ ˢˠ ǼŸ ǼÌs
a) Issue of Equity Shares with differential rights ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ ¯Ÿǋ ǼÌs ʩŘŘOÞĶ ɴsǋ sŘ_s_ ōǋOÌ ˢˠʰ
ˡ˟ˠ˥ɠÌÞOÌǣsǼǣŸȖǼǼÌsǋsĶǼs_ƼǋǼɴ_ÞǣOĶŸǣȖǋsǣǣƼsǋǢ˚ˠ˧ʳ
^ȖǋÞŘ¶ǼÌsɴsǋȖŘ_sǋǋsɚÞsɠŘ_ǼŸ_ǼsʰɴŸȖǋNŸŎƼŘɴ
has not issued any shares with differential rights, hence CORPORATE SOCIAL RESPONSIBILITY (CSR)
ŘŸ ÞŘ¯ŸǋŎǼÞŸŘ ƼǋsǣOǋÞEs_ ȖŘ_sǋ ƼǋŸɚÞǣÞŸŘǣ Ÿ¯ ǢsOǼÞŸŘ Your CŸŎƼŘɴ Ìǣ EssŘ ʩǋŎ EsĶÞsɚsǋ ǼÌǼ sOÌ Ř_ sɚsǋɴ
ˣˢʹʺʹÞÞʺŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢǋs_ɠÞǼÌǊȖĶsˣʹˣʺŸ¯ ÞŘ_ÞɚÞ_ȖĶ ÞŘOĶȖ_ÞŘ¶ Ř ǋǼÞʩOÞĶ ƼsǋǣŸŘ Ÿɠs ǣŸŎsǼÌÞŘ¶ ǼŸ ǼÌs
the Companies (Share Capital & Debentures) Rules, 2014 ǣŸOÞsǼɴǼĶǋ¶sʳōǋʳōʳƻʳǊŎOÌŘ_ǋŘʰNÌÞǋŎŘ˓ōŘ¶ÞŘ¶
ÌǣEssŘ¯ȖǋŘÞǣÌs_ʳ ^ÞǋsOǼŸǋŸ¯ɴŸȖǋNŸŎƼŘɴsɚsŘEs¯ŸǋsǼÌsÞŘOsƼǼÞŸŘŸ¯NŸǋƼŸǋǼs
b) Issue of Sweat Equity Shares ǢŸOÞĶ ǊsǣƼŸŘǣÞEÞĶÞǼɴ ȖŘ_sǋ ǼÌs NŸŎƼŘÞsǣ OǼʰ ˡ˟ˠˢʰ Ìǣ EssŘ
ÞŘɚŸĶɚs_ÞŘOÌǋÞǼEĶsŘ_ǣŸOÞĶOǼÞɚÞǼÞsǣÞŘÌÞǣÞŘ_ÞɚÞ_ȖĶOƼOÞǼɴʳ
^ȖǋÞŘ¶ǼÌsɴsǋȖŘ_sǋǋsɚÞsɠŘ_ǼŸ_ǼsʰɴŸȖǋNŸŎƼŘɴ
Ìǣ ŘŸǼ ÞǣǣȖs_ Řɴ ǣɠsǼ sǇȖÞǼɴ ǣÌǋsǣʳ ËsŘOs ŘŸ ɳŸȖǋ NŸŎƼŘɴ Ìǣ ȖŘ_sǋǼĨsŘ ƼǋŸĠsOǼǣ ÞŘ ǼÌs ǋs Ÿ¯ ǋȖǋĶ
ÞŘ¯ŸǋŎǼÞŸŘ ǣ Ƽsǋ ǼÌs ƼǋŸɚÞǣÞŸŘǣ Ÿ¯ ǢsOǼÞŸŘ ˤˣʹˠʺʹ_ʺ _sɚsĶŸƼŎsŘǼŘ_ǣŘÞǼǼÞŸŘǣƼǋǼŸ¯ÞǼǣNǢǊÞŘÞǼÞǼÞɚsʳǻÌsǣs
ƼǋŸĠsOǼǣɠsǋsÞŘOOŸǋ_ŘOsɠÞǼÌǢOÌs_ȖĶsəÝÝŸ¯ǼÌsNŸŎƼŘÞsǣ
Ÿ¯ ǼÌs NŸŎƼŘÞsǣ OǼʰ ˡ˟ˠˢ ǋs_ ɠÞǼÌ ǊȖĶs ˧ʹˠˢʺ Ÿ¯ ǼÌs
OǼʰ ˡ˟ˠˢ Ř_ ǼÌs NǢǊ ƻŸĶÞOɴ ¯ǋŎs_ Eɴ ɴŸȖǋ NŸŎƼŘɴʳ ǻÌs
Companies (Share Capital & Debentures) Rules, 2014 is
ǋsƼŸǋǼ ŸŘ NǢǊ OǼÞɚÞǼÞsǣ ǣ ǋsǇȖÞǋs_ ȖŘ_sǋ ǼÌs NŸŎƼŘÞsǣ
¯ȖǋŘÞǣÌs_ʳ
(Corporate Social Responsibility Policy) Rules, 2014 is appended
c) Issue of Employee Stock Option ǣŘŘsɮȖǋsŘ_¯ŸǋŎǣŘÞŘǼs¶ǋĶƼǋǼŸ¯ǼÌÞǣǋsƼŸǋǼʳ
^ȖǋÞŘ¶ǼÌsɴsǋȖŘ_sǋǋsɚÞsɠʰɴŸȖǋNŸŎƼŘɴÞŘǼsǋŎǣŸ¯ Details about the CSR Policy adopted and formulated by your
ǼÌsƼǋŸɚÞǣÞŸŘǣŸ¯ǢsOǼÞŸŘ˥ˡʹˠʺʹEʺǋs_ɠÞǼÌǢsOǼÞŸŘˢ˨Ÿ¯ Company can be accessed from your Company’s website at
ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢÌǣÞǣǣȖs_Ř_ĶĶŸǼǼs_˨˥ʰˠ˧ˣ the link: ÌǼǼƼʲˀˀɠɠɠʳĠɴŸǼÌɴĶEŸǋǼŸǋÞsǣʳOŸŎˀ_ŎÞŘˀ_ŸOǣˀğĵĵ̬
(Ninety Six Thousand One Hundred and Eighty Four) NǢǊ̇ˡ˟ƻŸĶÞOɴ̬ɟsEǣÞǼsʳƼ_¯
rǇȖÞǼɴǢÌǋsǣŸ¯` 1/- each to its employees on exercise ɳŸȖǋ NŸŎƼŘɴ ɠǣ ǋsǇȖÞǋs_ ǼŸ ǣƼsŘ_ ` ˠʳ˨ˤ NǋŸǋs ʹˡ̇ Ÿ¯
Ÿ¯ŸƼǼÞŸŘǣ¶ǋŘǼs_ȖŘ_sǋˆğɴŸǼÌɴĵEŸǋǼŸǋÞsǣrŎƼĶŸɴssǣ ǼÌs ɚsǋ¶s ŘsǼ ƼǋŸʩǼǣ Ÿ¯ ĶǣǼ ǼÌǋss ʩŘŘOÞĶ ɴsǋǣʺ ŸŘ NǢǊ
ǢǼŸOĨŷƼǼÞŸŘǢOÌsŎsˡ˟ˠˣˇʹrǢŷǢˡ˟ˠˣʺƼƼǋŸɚs_EɴǼÌs OǼÞɚÞǼÞsǣ_ȖǋÞŘ¶ǼÌsʩŘŘOÞĶɴsǋˡ˟ˠˤ˚ˠ˥ʳOOŸǋ_ÞŘ¶ĶɴʰɴŸȖǋ
ǢÌǋsÌŸĶ_sǋǣŸ¯ɴŸȖǋNŸŎƼŘɴǼǼÌsˡˢrd Annual General Company spent ` ˠʳ˧˨NǋŸǋsŸŘNǢǊOǼÞɚÞǼÞsǣ_ȖǋÞŘ¶ǼÌsɴsǋ
ōssǼÞŘ¶ÌsĶ_ŸŘȖ¶ȖǣǼˠˢʰˡ˟ˠˣʳ 2015-16 and an amount of ` ˟ʳ˟˥ NǋŸǋs ǣǼŘ_ǣ OŸŎŎÞǼǼs_
¯Ǽsǋ ǼÌs ÞǣǣȖs Ÿ¯ ¯ŸǋsǣÞ_ ˨˥ʰˠ˧ˣ rǇȖÞǼɴ ǢÌǋsǣʰ ǼÌs ǼŸɠǋ_ǣ ÌŸȖǣÞŘ¶ ÞŘ _ÞɚǣÞ ǋs Ÿ¯ ǻǋÞOÌȖǋ ^ÞǣǼǋÞOǼ Ř_ ǼÌs
ƻÞ_ ȖƼ rǇȖÞǼɴ ǢÌǋs NƼÞǼĶ Ÿ¯ ɴŸȖǋ NŸŎƼŘɴ ǣǼŘ_ǣ ¯ŸǋsǣÞ_ƼǋŸĠsOǼǣEsÞŘ¶OŸŘǣǼǋȖOǼÞŸŘƼǋŸĠsOǼǣÌɚsǼÞŎsĶÞŘsʳ
increased to ` ˠ˧ʰˠˠʰˠ˨ʰ˥˧˟ OŸŘǣÞǣǼÞŘ¶ Ÿ¯ ` ˠ˧ʰˠˠʰˠ˨ʰ˥˧˟ The balance amount of expenditure stands committed and will
rǇȖÞǼɴǢÌǋsǣŸ¯` ˠˀ˚sOÌ¯ȖĶĶɴƼÞ_˚ȖƼʳ EsǣƼsŘǼÞŘǼÌsOȖǋǋsŘǼʩŘŘOÞĶɴsǋʳ
CORPORATE GOVERNANCE MATERIAL CHANGES AND COMMITMENTS

ǻÌs ǋsƼŸǋǼ ŸŘ NŸǋƼŸǋǼs µŸɚsǋŘŘOs ǣ ǣǼÞƼȖĶǼs_ ȖŘ_sǋ Except as disclosed elsewhere in this report, no material
Ǌs¶ȖĶǼÞŸŘ ˢˣʹˢʺ ǋs_ ɠÞǼÌ ǢOÌs_ȖĶs ə Ÿ¯ ǼÌs ǢrDÝ ʹĵÞǣǼÞŘ¶ changes and commitments which could affect your Company’s
ŷEĶÞ¶ǼÞŸŘǣ Ř_ ^ÞǣOĶŸǣȖǋs ǊsǇȖÞǋsŎsŘǼǣʺ Ǌs¶ȖĶǼÞŸŘǣʰ ˡ˟ˠˤ ʩŘŘOÞĶ ƼŸǣÞǼÞŸŘ Ìɚs ŸOOȖǋǋs_ EsǼɠssŘ ǼÌs sŘ_ Ÿ¯ ǼÌs
ʹĵÞǣǼÞŘ¶Ǌs¶ȖĶǼÞŸŘǣʺǼŸ¶sǼÌsǋɠÞǼÌǼÌsNsǋǼÞʩOǼsǋsOsÞɚs_¯ǋŸŎ ʩŘŘOÞĶɴsǋˡ˟ˠˤ˚ˠ˥Ř__ǼsŸ¯ǼÌÞǣǋsƼŸǋǼʳ
ɴŸȖǋNŸŎƼŘɴ˅ǣǢǼǼȖǼŸǋɴȖ_ÞǼŸǋǣOŸŘʩǋŎÞŘ¶OŸŎƼĶÞŘOsŸ¯
NŸǋƼŸǋǼsµŸɚsǋŘŘOsǋsǇȖÞǋsŎsŘǼǣÞǣǼǼOÌs_Ř_¯ŸǋŎǣŘ INTERNAL FINANCIAL CONTROLS
ÞŘǼs¶ǋĶƼǋǼŸ¯ǼÌÞǣǋsƼŸǋǼʳ The Internal Financial Controls adopted and followed by your
NŸŎƼŘɴ ǋs _sǇȖǼs Ř_ ǋs ŸƼsǋǼÞŘ¶ s¯¯sOǼÞɚsĶɴʳ ɳŸȖǋ
RELATED PARTY TRANSACTIONS Company has adopted a dynamic Internal Financial Controls
¯ǋŎsɠŸǋĨ¯ŸǋŎȖĶǼs_EɴrǋŘǣǼ˓ɳŸȖŘ¶ʰĵĵƻEǣs_ŸŘǼÌsEsǣǼ
Particulars of contracts or arrangements with related
ƼǋOǼÞOsǣ¯ŸĶĶŸɠs_ÞŘǼÌsÞŘ_ȖǣǼǋɴʳȕŘ_sǋǼÌsǣÞ_¯ǋŎsɠŸǋĨʰǊÞǣĨ
parties referred to in Section 188(1) of the Companies
Ř_NŸŘǼǋŸĶōǼǋÞɮǋs_sʩŘs_¯ŸǋǼÌs¯ŸĶĶŸɠÞŘ¶ƼǋŸOsǣǣʹsǣʺʲ˚
OǼʰ ˡ˟ˠˢʰ ÞŘ ǼÌs ƼǋsǣOǋÞEs_ ®ŸǋŎ ŷN˚ˡ Þǣ ƼƼsŘ_s_ ǣ
ŘŘsɮȖǋs ǼŸ ǼÌÞǣ ǊsƼŸǋǼʳ ^ȖǋÞŘ¶ ǼÌs ɴsǋʰ ɴŸȖǋ NŸŎƼŘɴ ˠʳ ®Þɮs_ǣǣsǼǣʱ
had entered into contract/ arrangement/ transaction with ˡʳ ®ÞŘŘOÞĶǢǼǼsŎsŘǼNĶŸǣÞŘ¶ƻǋŸOsǣǣʱ
related parties which were on arm’s length basis and none ˢʳ ÝŘ¯ŸǋŎǼÞŸŘǻsOÌŘŸĶŸ¶ɴʱ
of which could be considered as material in accordance with ˣʳ ÝŘɚsŘǼŸǋɴōŘ¶sŎsŘǼʱ
the policy of your Company on Materiality of Related Party ˤʳ ōǋĨsǼÞŘ¶Ř__ɚsǋǼÞǣÞŘ¶ʱ
ǻǋŘǣOǼÞŸŘǣʳ ®ȖǋǼÌsǋ ŘŸŘs Ÿ¯ ǼÌs OŸŘǼǋOǼˀ ǋǋŘ¶sŎsŘǼˀ ˥ʳ ŷǋ_sǋǼŸNǣÌʱ
ǼǋŘǣOǼÞŸŘ ɠÞǼÌ ǋsĶǼs_ ƼǋǼÞsǣ ǋsǇȖÞǋs_ ƼƼǋŸɚĶ Ÿ¯ ˦ʳ ƻɴǋŸĶĶʱ
Shareholders as the same were within the limits prescribed ˧ʳ ƻǋŸ_ȖOǼÞŸŘƻǋŸOsǣǣʱ
ȖŘ_sǋǢsOǼÞŸŘˠ˧˧ʹˠʺŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢŘ_ǊȖĶsǣ ˨ʳ ƻȖǋOÌǣsǼŸƻɴʱ
¯ǋŎs_ǼÌsǋsȖŘ_sǋʳ ˠ˟ʳ ǻɮǼÞŸŘʱ
ˠˠʳ ǻǋsǣȖǋɴʳ
The Policy on Materiality of Related Party Transactions and
_sĶÞŘ¶ɠÞǼÌǊsĶǼs_ƻǋǼɴǻǋŘǣOǼÞŸŘǣǣƼƼǋŸɚs_EɴǼÌsDŸǋ_ ^ȖǋÞŘ¶ǼÌsɴsǋȖŘ_sǋǋsɚÞsɠʰŘŸŎǼsǋÞĶŸǋǣsǋÞŸȖǣŸEǣsǋɚǼÞŸŘǣ
may be accessed from your Company’s website at the link: http:// ÌɚsEssŘǋsOsÞɚs_¯ǋŸŎǼÌsÝŘǼsǋŘĶȖ_ÞǼŸǋǣŸ¯ɴŸȖǋNŸŎƼŘɴ
ɠɠɠʳĠɴŸǼÌɴĶEŸǋǼŸǋÞsǣʳOŸŎˀ_ŎÞŘˀ_ŸOǣˀǊƻǻ̬ğĵĵ̬ɟsEǣÞǼsʳpdf ǋs¶ǋ_ÞŘ¶ÞŘs¯ʩOÞsŘOɴŸǋÞŘ_sǇȖOɴŸ¯ǣȖOÌOŸŘǼǋŸĶǣʳ
NŸǋƼŸǋǼsŷɚsǋɚÞsɠ Performance Governance Financial Statements 55
CHANGE IN NATURE OF BUSINESS PARTICULARS OF LOANS, GUARANTEES AND

^ȖǋÞŘ¶ ǼÌs ɴsǋ ȖŘ_sǋ ǋsɚÞsɠʰ ǼÌsǋs ɠǣ ŘŸ OÌŘ¶s ÞŘ ǼÌs INVESTMENTS
ŘǼȖǋsŸ¯EȖǣÞŘsǣǣŸ¯ɴŸȖǋNŸŎƼŘɴʳ ǻÌs_sǼÞĶǣŸ¯ĵŸŘǣʰµȖǋŘǼssǣŘ_ÝŘɚsǣǼŎsŘǼǣǣƼǋsǣOǋÞEs_
ȖŘ_sǋǢsOǼÞŸŘˠ˧˥Ÿ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢǋsƼƼsŘ_s_
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE ǣŘŘsɮȖǋsŘ_¯ŸǋŎǣÞŘǼs¶ǋĶƼǋǼŸ¯ǼÌÞǣǋsƼŸǋǼʳ
REGULATORS OR COURTS
ǻÌsǋs ǋs ŘŸ ǣÞ¶ŘÞʩOŘǼ Ř_ ŎǼsǋÞĶ Ÿǋ_sǋǣ Ƽǣǣs_ Eɴ Řɴ EMPLOYEE STOCK OPTION SCHEME (ESOS)
Regulator/ Court that would impact the going concern status ɳŸȖǋ NŸŎƼŘɴ Ìǣ _ŸƼǼs_ ğɴŸǼÌɴ ĵEŸǋǼŸǋÞsǣ rŎƼĶŸɴss
Ÿ¯ɴŸȖǋNŸŎƼŘɴŘ_ÞǼǣ¯ȖǼȖǋsŸƼsǋǼÞŸŘǣʳ Stock Option Scheme 2014-A (“ESOS 2014-A”) for granting of
ŸƼǼÞŸŘǣǼŸōǋʳǢʳǊ¶ÌȖŘŘ_ŘʰɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋŘ_NÌÞs¯
REMUNERATION/ COMMISSION FROM ANY OF ITS rɮsOȖǼÞɚs ŷ¯ʩOsǋ Ÿ¯ ɴŸȖǋ NŸŎƼŘɴ Ř_ ğɴŸǼÌɴ ĵEŸǋǼŸǋÞsǣ
SUBSIDIARIES Employee Stock Option Scheme 2014 (“ESOS 2014”) for
^ȖǋÞŘ¶ǼÌsɴsǋȖŘ_sǋǋsɚÞsɠʰŘsÞǼÌsǋǼÌsōŘ¶ÞŘ¶^ÞǋsOǼŸǋ granting of options to other eligible employees of your
ŘŸǋǼÌsɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋǣŸ¯ɴŸȖǋNŸŎƼŘɴǋsOsÞɚsŘɴ NŸŎƼŘɴƼƼǋŸɚs_EɴǼÌsōsŎEsǋǣŸ¯ɴŸȖǋNŸŎƼŘɴǼǼÌs
ǋsŎȖŘsǋǼÞŸŘŸǋOŸŎŎÞǣǣÞŸŘ¯ǋŸŎŘɴŸ¯ÞǼǣǢȖEǣÞ_ÞǋÞsǣʳ ˡˢrdŘŘȖĶµsŘsǋĶōssǼÞŘ¶ÌsĶ_ŸŘȖ¶ȖǣǼˠˢʰˡ˟ˠˣʳ
^ÞǣOĶŸǣȖǋsǣǋsǇȖÞǋs_ȖŘ_sǋǢsOǼÞŸŘ˥ˡʹˠʺʹEʺŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢǋs_ɠÞǼÌǊȖĶsˠˡʹ˨ʺŸ¯ǼÌsNŸŎƼŘÞsǣʹǢÌǋsNƼÞǼĶŘ_
^sEsŘǼȖǋsǣʺǊȖĶsǣʰˡ˟ˠˣŘ_Ǌs¶ȖĶǼÞŸŘˠˣŸ¯ǼÌsǢsOȖǋÞǼÞsǣrɮOÌŘ¶sDŸǋ_Ÿ¯ÝŘ_ÞʹǢÌǋsDǣs_rŎƼĶŸɴssDsŘsʩǼǣʺǊs¶ȖĶǼÞŸŘǣʰ
2014 are appended as below:
Jyothy Laboratories Employee Stock Jyothy Laboratories Employee Stock
Option Scheme 2014-A (“ESOS 2014-A”) Option Scheme 2014 (“ESOS 2014”)
1 ^ǼsŸ¯ǢÌǋsÌŸĶ_sǋǣ˅ƼƼǋŸɚĶ Ȗ¶ȖǣǼˠˢʰˡ˟ˠˣ Ȗ¶ȖǣǼˠˢʰˡ˟ˠˣ
2 Total number of options ˡ˦ʰˠˤʰˢˤˡ ˡ˦ʰˠˤʰˢˤˡ
ƼƼǋŸɚs_ȖŘ_sǋrǢŷǢ
ˢ əsǣǼÞŘ¶ǊsǇȖÞǋsŎsŘǼǣ Options granted under ESOS 2014-A would Options granted under ESOS 2014 would
əsǣǼ¯ǼsǋŷŘsɴsǋEȖǼŘŸǼĶǼsǋǼÌŘ¯ŸȖǋ əsǣǼ¯ǼsǋŷŘsɴsǋEȖǼŘŸǼĶǼsǋǼÌŘ¯ŸȖǋ
ɴsǋǣ¯ǋŸŎǼÌs_ǼsŸ¯¶ǋŘǼŸ¯ǣȖOÌŸƼǼÞŸŘǣʳ ɴsǋǣ¯ǋŸŎǼÌs_ǼsŸ¯¶ǋŘǼŸ¯ǣȖOÌŸƼǼÞŸŘǣʳ
əsǣǼÞŘ¶ Ÿ¯ ŸƼǼÞŸŘǣ ɠŸȖĶ_ Es ǣȖEĠsOǼ ǼŸ əsǣǼÞŘ¶ Ÿ¯ ŸƼǼÞŸŘǣ ɠŸȖĶ_ Es ǣȖEĠsOǼ ǼŸ
continued employment with the Company continued employment with the Company
Ř_OsǋǼÞŘƼsǋ¯ŸǋŎŘOsƼǋŎsǼsǋǣʳ and certain performance parameters
4 Exercise price or pricing ` 1 per option `1 per option
formula
5 Maximum term of options 5 years 5 years
granted
6 Source of shares Primary Primary
7 əǋÞǼÞŸŘÞŘǼsǋŎǣŸ¯ŸƼǼÞŸŘ ŗŸɚǋÞǼÞŸŘÞŘǼÌsǼsǋŎǣŸ¯ŸƼǼÞŸŘ ŗŸɚǋÞǼÞŸŘÞŘǼÌsǼsǋŎǣŸ¯ǼÌsŸƼǼÞŸŘ
8 ōsǼÌŸ_Ÿ¯ŷƼǼÞŸŘəĶȖǼÞŸŘ ÝŘǼǋÞŘǣÞOəĶȖs ÝŘǼǋÞŘǣÞOəĶȖs
˨ ŷƼǼÞŸŘ ōŸɚsŎsŘǼ _ȖǋÞŘ¶ ǼÌs
year
Number of Options outstanding ˡ˦ʰˠˤʰˢˤˡ ˣʰ˧ˣʰ˨ˤ˧
at the beginning of the period
Number of options granted - -
during the year
Number of options forfeited/ 4,52,558 ˧˦ʰ˨˦˟
lapsed during the year
ŗȖŎEsǋ Ÿ¯ ŸƼǼÞŸŘǣ ɚsǣǼs_ - ˨˥ʰˠ˧ˣ
during the year
Number of options exercised - ˨˥ʰˠ˧ˣ
during the year
Number of shares arising as a - ˨˥ʰˠ˧ˣ
result of exercise of options
Jyothy Laboratories Employee Stock Jyothy Laboratories Employee Stock

Option Scheme 2014-A (“ESOS 2014-A”) Option Scheme 2014 (“ESOS 2014”)
Money realized by exercise of - ˨˥ʰˠ˧ˣ
options (Amount in `)
ĵŸŘǋsƼÞ_EɴǼÌsǻǋȖǣǼ_ȖǋÞŘ¶ ŗʳʳ ŗʳʳ
the year from exercise price
ǋsOsÞɚs_
Number of Options outstanding ˡˡʰ˥ˡʰ˦˨ˣ ˢʰ˟˟ʰ˧˟ˣ
at the end of the year
Number of options exercisable ˡˡʰ˥ˡʰ˦˨ˣ ˢʰ˟˟ʰ˧˟ˣ
at the end of the year
10 rŎƼĶŸɴssɟÞǣs_sǼÞĶǣŸ¯ŷƼǼÞŸŘǣµǋŘǼs_
i. Senior Managerial Personnel
Name Designation Options Granted during the Exercise Price
Year
None - - -
ii. any other employee who receives a grant in any one year of option amounting to 5% or more of option granted during the
year; and
Year
None - - -
iii. identified employees who were granted option, during any one year, equal to or exceeding 1% of the issued capital(excluding
outstanding warrants and conversations) of the company at the time of grant.
Year
Mr. S. Raghunandan Whole Time Director & Chief 27,15,352# ` 1/- per Option
Executive Officer*
ˎNsǣs_ǼŸEsɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋŘ_NÌÞs¯rɮsOȖǼÞɚsŷ¯ʩOsǋŸ¯ɴŸȖǋNŸŎƼŘɴŘ_ǋs˚_sǣÞ¶ŘǼs_ǣƻǋsǣÞ_sŘǼŸ¯ɴŸȖǋNŸŎƼŘɴ
ɠʳsʳ¯ʳōɴˡˢʰˡ˟ˠ˥ʳ
˞µǋŘǼs__ȖǋÞŘ¶ǼÌsʩŘŘOÞĶɴsǋˡ˟ˠˣ˚ˠˤʳ
ŗŸǼsʲŷǼÌsǋ_sǼÞĶǣǣǋsǇȖÞǋs_ȖŘ_sǋǊs¶ȖĶǼÞŸŘˠˣŸ¯ǼÌsǢsOȖǋÞǼÞsǣrɮOÌŘ¶sDŸǋ_Ÿ¯ÝŘ_ÞʹǢÌǋsDǣs_rŎƼĶŸɴssDsŘsʩǼǣʺ
Ǌs¶ȖĶǼÞŸŘǣʰˡ˟ˠˣǋs_ɠÞǼÌǢrDÝOÞǋOȖĶǋEsǋÞŘ¶ŘȖŎEsǋNÝǊˀN®^ˀƻŷĵÝNɳNrĵĵˀˡˀˡ˟ˠˤ^ǻr^ğȖŘsˠ˥ʰˡ˟ˠˤ¯ŸǋŎƼǋǼŸ¯ǼÌs
Notes to Accounts of the Financial Statements in this Annual Report
®ȖǋǼÌsǋǼÌs¯ŸǋsǣÞ__sǼÞĶǣǋsĶǣŸɚÞĶEĶsŸŘɴŸȖǋNŸŎƼŘɴ˅ǣɠsEǣÞǼsǼǼÌsĶÞŘĨʲÌǼǼƼʲˀˀɠɠɠʳĠɴŸǼÌɴĶEŸǋǼŸǋÞsǣʳOŸŎˀ_ŎÞŘˀ
_ŸOǣˀrǢŷƻ̬Ǌs¶ʳ̇ˡ˟ˠˣʳƼ_¯
ǻÌsOsǋǼÞʩOǼs¯ǋŸŎǼÌsǢǼǼȖǼŸǋɴȖ_ÞǼŸǋǣÞŘǋsǣƼsOǼŸ¯ÞŎƼĶsŎsŘǼǼÞŸŘŸ¯ğɴŸǼÌɴĵEŸǋǼŸǋÞsǣrŎƼĶŸɴssǢǼŸOĨŷƼǼÞŸŘǢOÌsŎs
ˡ˟ˠˣ˚ʹˆrǢŷǢˡ˟ˠˣ˚ˇʺʰğɴŸǼÌɴĵEŸǋǼŸǋÞsǣrŎƼĶŸɴssǢǼŸOĨŷƼǼÞŸŘǢOÌsŎsˡ˟ˠˣʹˆrǢŷǢˡ˟ˠˣˇʺŘ_ǼÌsǋsǣŸĶȖǼÞŸŘƼǣǣs_Eɴ
ǼÌsōsŎEsǋǣǼǼÌsˡˢrdŘŘȖĶµsŘsǋĶōssǼÞŘ¶Ÿ¯ɴŸȖǋNŸŎƼŘɴÌsĶ_ŸŘȖ¶ȖǣǼˠˢʰˡ˟ˠˣʰǣÌĶĶEsƼĶOs_ǼǼÌssŘǣȖÞŘ¶ŘŘȖĶ
µsŘsǋĶōssǼÞŘ¶¯ŸǋÞŘǣƼsOǼÞŸŘEɴōsŎEsǋǣʳ
NŸǋƼŸǋǼsŷɚsǋɚÞsɠ Performance Governance Financial Statements 57
DIRECTORS AND KEY MANAGERIAL PERSONNEL ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋǣŎÞŘǼÞŘs_EɴǼÌsµŸɚsǋŘŎsŘǼŸǋ

ÝŘ OOŸǋ_ŘOs ɠÞǼÌ ǼÌs ƼǋŸɚÞǣÞŸŘǣ Ÿ¯ ǼÌs NŸŎƼŘÞsǣ OǼʰ ȖƼŸŘ ǋsOŸŎŎsŘ_ǼÞŸŘ Eɴ NÌÞǋŎŘ Ÿǋ ŸǼÌsǋ ^ÞǋsOǼŸǋǣʳ
ˡ˟ˠˢŘ_ǼÌsǋǼÞOĶsˠˣ˟Ÿ¯ǼÌsǋǼÞOĶsǣŸ¯ǣǣŸOÞǼÞŸŘŸ¯ɴŸȖǋ ǻÌsƼƼŸÞŘǼŎsŘǼŎɴEsŎ_ssÞǼÌsǋǼŸʩĶĶȖƼɚOŘOɴ
NŸŎƼŘɴʰ ōǋʳ ħʳ ȕĶĶǣ ħŎǼÌʰ ğŸÞŘǼ ōŘ¶ÞŘ¶ ^ÞǋsOǼŸǋ Ř_ OȖǣs_ Eɴ ǋsǣÞ¶ŘǼÞŸŘʰ _sǼÌ Ÿǋ ǋsŎŸɚĶ Ÿ¯ Ř sɮÞǣǼÞŘ¶
NÌÞs¯ ®ÞŘŘOÞĶ ŷ¯ʩOsǋ Ÿ¯ ɴŸȖǋ NŸŎƼŘɴ ǋsǼÞǋsǣ Eɴ ǋŸǼǼÞŸŘ ŗŸŘ˚rɮsOȖǼÞɚs ^ÞǋsOǼŸǋ Ÿǋ ÞǼ Ŏɴ Es Ř ƼƼŸÞŘǼŎsŘǼ ǣ
at the ensuing Annual General Meeting and being eligible, Ř__ÞǼÞŸŘĶ_ÞǋsOǼŸǋŸǋŘĶǼsǋŘǼs_ÞǋsOǼŸǋʳ
Ÿ¯¯sǋs_ÌÞŎǣsĶ¯¯Ÿǋǋs˚ƼƼŸÞŘǼŎsŘǼʳ ʹÝÝʺ ǆȖĶÞʩOǼÞŸŘǣʰrɮƼsǋÞsŘOsŘ_ƻŸǣÞǼÞɚsǼǼǋÞEȖǼsǣ
ǻÌs DŸǋ_ Ǽ ÞǼǣ ŎssǼÞŘ¶ ÌsĶ_ ŸŘ ōɴ ˡˢʰ ˡ˟ˠ˥ ƼƼǋŸɚs_ ʺ ɟÌÞĶs ƼƼŸÞŘǼÞŘ¶ ^ÞǋsOǼŸǋʰ ÞǼ ǣÌĶĶ Ķɠɴǣ Es
ƼƼŸÞŘǼŎsŘǼŸ¯ōǋʳōʳƻʳǊŎOÌŘ_ǋŘǣǼÌsNÌÞǋŎŘŘ_ ensured that the candidate possesses appropriate
ōŘ¶ÞŘ¶^ÞǋsOǼŸǋŸ¯ɴŸȖǋNŸŎƼŘɴ¯ŸǋǼsǋŎŸ¯ʩɚsɴsǋǣ skills, experience and knowledge in one or more
ɠÞǼÌs¯¯sOǼ¯ǋŸŎȖ¶ȖǣǼˡˡʰˡ˟ˠ˥ǼŸȖ¶ȖǣǼˡˠʰˡ˟ˡˠǣȖEĠsOǼǼŸ ʩsĶ_ǣŸ¯ʩŘŘOsʰĶɠʰŎŘ¶sŎsŘǼʰǣĶsǣʰŎǋĨsǼÞŘ¶ʰ
ǼÌsƼƼǋŸɚĶŸ¯ǢÌǋsÌŸĶ_sǋǣEɴƼǣǣÞŘ¶ǢƼsOÞĶǊsǣŸĶȖǼÞŸŘ _ŎÞŘÞǣǼǋǼÞŸŘʰ ǋsǣsǋOÌʰ OŸǋƼŸǋǼs ¶ŸɚsǋŘŘOsʰ
at the ensuing Annual General Meeting on the terms and technical operations or other disciplines related to
OŸŘ_ÞǼÞŸŘǣǣƼsOÞʩs_ÞŘǼÌsǢƼsOÞĶǊsǣŸĶȖǼÞŸŘǣsǼŸȖǼǼÝǼsŎ ɴŸȖǋNŸŎƼŘɴ˅ǣEȖǣÞŘsǣǣʳ
ŗŸʳ˥Ÿ¯ǼÌsŘŸǼÞOsOŸŘɚsŘÞŘ¶ˡˤth Annual General Meeting of Eʺ ÝŘ Oǣs Ÿ¯ ƼƼŸÞŘǼŎsŘǼ ǣ Ř rɮsOȖǼÞɚs ^ÞǋsOǼŸǋʰ
ɴŸȖǋNŸŎƼŘɴʳ ǼÌs OŘ_Þ_Ǽs ŎȖǣǼ Ìɚs ǼÌs ǋsĶsɚŘǼ ǼsOÌŘÞOĶ Ÿǋ
ǻÌs DŸǋ_ Ǽ ÞǼǣ ŎssǼÞŘ¶ ÌsĶ_ ŸŘ ōɴ ˡˢʰ ˡ˟ˠ˥ ĶǣŸ ƼǋŸ¯sǣǣÞŸŘĶ ǇȖĶÞʩOǼÞŸŘǣ Ř_ sɮƼsǋÞsŘOs ǣ ǋs
OOsƼǼs_ ǼÌs ǋsǣÞ¶ŘǼÞŸŘ Ÿ¯ ōǋʳ Ǣʳ Ǌ¶ÌȖŘŘ_Řʰ ɟÌŸĶs OŸŘǣÞ_sǋs_ ŘsOsǣǣǋɴ Eǣs_ ŸŘ ǼÌs ĠŸE _sǣOǋÞƼǼÞŸŘ
ǻÞŎs ^ÞǋsOǼŸǋ Ř_ NÌÞs¯ rɮsOȖǼÞɚs ŷ¯ʩOsǋ Ÿ¯ ɴŸȖǋ NŸŎƼŘɴʳ Ÿ¯ ǼÌs ƼŸǣÞǼÞŸŘʳ ÝŘ Oǣs ŘŸ ǣƼsOÞʩO ǇȖĶÞʩOǼÞŸŘ
ōǋʳǢʳǊ¶ÌȖŘŘ_ŘÌǣEssŘǋs˚_sǣÞ¶ŘǼs_ǣǼÌsƻǋsǣÞ_sŘǼ or experience is prescribed or thought necessary
Ÿ¯ɴŸȖǋNŸŎƼŘɴʳǻÌsDŸǋ_ƼĶOs_ŸŘǋsOŸǋ_ʰÞǼǣƼƼsǋÞOÞǼÞŸŘ for the position then, while recommending the
¯Ÿǋ ǼÌs ǣsǋɚÞOsǣ ǋsŘ_sǋs_Eɴ ōǋʳǢʳ Ǌ¶ÌȖŘŘ_Ř_ȖǋÞŘ¶ ÌÞǣ appointment, the Human Resource Department
ǼsŘȖǋs ǣ ɟÌŸĶs ǻÞŎs ^ÞǋsOǼŸǋ Ř_ NÌÞs¯ rɮsOȖǼÞɚs ŷ¯ʩOsǋʳ ǣÌĶĶ ƼǋŸɚÞ_s ǼÌs ĠŸE _sǣOǋÞƼǼÞŸŘ ǼŸ ǼÌs NŸŎŎÞǼǼss
ǻÌs DŸǋ_ ōsŎEsǋǣ ĶǣŸ ǼŸŸĨ ŘŸǼs Ÿ¯ ǋsĶÞŘǇȖÞǣÌŎsŘǼ Ÿ¯ Ř_ ĠȖǣǼÞ¯ɴ ǼÌǼ ǼÌs ǇȖĶÞʩOǼÞŸŘǣʰ sɮƼsǋÞsŘOs Ř_
ōǋʳōʳĵʳDŘǣĶʰNŸŎƼŘɴǢsOǋsǼǋɴŸ¯ɴŸȖǋNŸŎƼŘɴʳÝŘǼÌs expertise of the recommended candidate are
ǣŎsDŸǋ_ōssǼÞŘ¶ʰōǋʳǢÌǋsɴǣǻǋÞɚs_ÞɠǣƼƼŸÞŘǼs_ǣǼÌs ǣǼÞǣ¯OǼŸǋɴ ¯Ÿǋ ǼÌs ǋsĶsɚŘǼ ƼƼŸÞŘǼŎsŘǼʳ ÝŘ ǣȖOÌ
NŸŎƼŘɴǢsOǋsǼǋɴʰNŸŎƼĶÞŘOsŷ¯ʩOsǋŘ_ħsɴōŘ¶sǋÞĶ circumstances, the Committee may call for an expert
ƻsǋǣŸŘŘsĶ ÞŘ OOŸǋ_ŘOs ɠÞǼÌ ǢsOǼÞŸŘ ˡ˟ˢ Ÿ¯ ǼÌs NŸŎƼŘÞsǣ ŸƼÞŘÞŸŘŸŘǼÌsƼƼǋŸƼǋÞǼsŘsǣǣŸ¯ǼÌsǇȖĶÞʩOǼÞŸŘǣ
OǼʰˡ˟ˠˢʳ and experience of the candidate for the position of
ĶĶ ÝŘ_sƼsŘ_sŘǼ ^ÞǋsOǼŸǋǣ Ìɚs ¶ÞɚsŘ _sOĶǋǼÞŸŘǣ ǼÌǼ ǼÌsɴ ǼÌsrɮsOȖǼÞɚs^ÞǋsOǼŸǋʳ
meet the criteria of Independence as laid down under Section Oʺ ÝŘOǣsŸ¯ƼƼŸÞŘǼŎsŘǼǣŗŸŘ˚rɮsOȖǼÞɚs^ÞǋsOǼŸǋʰ
ˠˣ˨ʹ˥ʺŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢʳ ǼÌs OŘ_Þ_Ǽs ŎȖǣǼ Ìɚs ƼŸǣǼ¶ǋ_ȖǼs _s¶ǋssʰ
^ȖǋÞŘ¶ǼÌsʩŘŘOÞĶɴsǋˡ˟ˠˤ˚ˠ˥ʰǼÌsǋsɠǣŘŸOÌŘ¶sÞŘħsɴ _ÞƼĶŸŎŸǋƼǋŸ¯sǣǣÞŸŘĶǇȖĶÞʩOǼÞŸŘÞŘǼÌsʩsĶ_Ÿ¯
ōŘ¶sǋÞĶƻsǋǣŸŘŘsĶŸ¯ɴŸȖǋNŸŎƼŘɴʳ ÌÞǣ ƼǋOǼÞOsˀ ƼǋŸ¯sǣǣÞŸŘˀ ǣsǋɚÞOs Ř_ ǣÌĶĶ Ìɚs ŘŸǼ
Ķsǣǣ ǼÌŘ ʩɚs ɴsǋǣ Ÿ¯ ɠŸǋĨÞŘ¶ sɮƼsǋÞsŘOs ÞŘ ǣȖOÌ
POLICY ON DIRECTOR''S' APPOINTMENT AND ʩsĶ_ǣƼǋŸ¯sǣǣÞŸŘĶÞŘƼǋOǼÞOsʰ_ɚÞǣŸǋʰOŸŘǣȖĶǼŘǼ
REMUNERATION Ÿǋ ǣ Ř sŎƼĶŸɴssʳ ƻǋŸɚÞ_s_ ǼÌǼ ǼÌs DŸǋ_ Ŏɴ
ɠÞɚs ǼÌs ǋsǇȖÞǋsŎsŘǼǣ Ÿ¯ ǇȖĶÞʩOǼÞŸŘ Ř_ˀ Ÿǋ
ǻÌsDŸǋ_ÞŘOOŸǋ_ŘOsɠÞǼÌǼÌsƼǋŸɚÞǣÞŸŘǣŸ¯ǣȖE˚ǣsOǼÞŸŘʹˢʺŸ¯
sɮƼsǋÞsŘOs ȖŘ_sǋ ǼÌÞǣ Ƽǋ¶ǋƼÌ ¯Ÿǋ _sǣsǋɚÞŘ¶
ǢsOǼÞŸŘˠ˦˧Ÿ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢʰ¯ŸǋŎȖĶǼs_ǼÌsƼŸĶÞOɴ
OŘ_Þ_Ǽsʳ
ǣsǼǼÞŘ¶ŸȖǼǼÌsOǋÞǼsǋÞ¯Ÿǋ_sǼsǋŎÞŘÞŘ¶ǇȖĶÞʩOǼÞŸŘǣʰƼŸǣÞǼÞɚs
attributes, independence of a Director and remuneration for d) The Board, while making the appointment of a
^ÞǋsOǼŸǋǣʰħsɴōŘ¶sǋÞĶƻsǋǣŸŘŘsĶŘ_ŸǼÌsǋsŎƼĶŸɴssǣʳ Director, shall also try to assess from the information
ɚÞĶEĶsŘ_¯ǋŸŎǼÌsÞŘǼsǋOǼÞŸŘɠÞǼÌǼÌsOŘ_Þ_Ǽs
ōĠŸǋOǋÞǼsǋÞ_sʩŘs_ÞŘǼÌsƻŸĶÞOɴ¯ǋŎs_¯ŸǋƼƼŸÞŘǼŎsŘǼŸ¯
ǼÌǼÌsÞǣ¯ÞǋOÌÞsɚsǋÞŘÌÞǣOÌŸǣsŘʩsĶ_Ř_ǼÌǼÌs
ǼÌs ^ÞǋsOǼŸǋǣ ÞŘOĶȖ_ÞŘ¶OǋÞǼsǋÞ¯Ÿǋ_sǼsǋŎÞŘÞŘ¶ǇȖĶÞʩOǼÞŸŘǣʰ
ÞǣƼsǋǣŸŘɠÞǼÌÞŘǼs¶ǋÞǼɴʰ_ÞĶÞ¶sŘOsŘ_ŸƼsŘŎÞŘ_ʳ
ƼŸǣÞǼÞɚsǼǼǋÞEȖǼsǣʰÞŘ_sƼsŘ_sŘOssǼOǋsǣȖŘ_sǋʲ
(I) Selection (III) Board Diversity And Independence
ÝŘ Oǣs Ÿ¯ rɮsOȖǼÞɚs ^ÞǋsOǼŸǋǣ Ř_ ħsɴ ōŘ¶sǋÞĶ ɟÌÞĶs ŎĨÞŘ¶ ƼƼŸÞŘǼŎsŘǼ Ÿ¯ _ÞǋsOǼŸǋǣʰ ¯ŸĶĶŸɠÞŘ¶
Personnel, the selection can be made either by ƼǋÞŘOÞƼĶsǣ ǣÌĶĶ Es ŸEǣsǋɚs_ Eɴ ǼÌs DŸǋ_ʰ ǣ ¯ǋ ǣ
recruitment from outside or from within your Company practicable:
hierarchy or upon recommendation by the Chairman or
ʺ ǻÌsǋs ǣÌĶĶ Es ƼǋŸƼsǋ ŎÞɮ Ÿ¯ rɮsOȖǼÞɚs Ř_ ŗŸŘ˚
ŸǼÌsǋ^ÞǋsOǼŸǋǣʳǻÌsƼƼŸÞŘǼŎsŘǼŎɴEsŎ_ssÞǼÌsǋǼŸ
rɮsOȖǼÞɚs ^ÞǋsOǼŸǋǣ Ř_ ÝŘ_sƼsŘ_sŘǼ Ř_ ŗŸŘ˚
ʩĶĶȖƼɚOŘOɴOȖǣs_EɴǋsǼÞǋsŎsŘǼʰǋsǣÞ¶ŘǼÞŸŘʰ_sǼÌ
ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋǣŸŘǼÌsDŸǋ_ʳɳŸȖǋNŸŎƼŘɴ
ŸǋǋsŎŸɚĶŸ¯ŘsɮÞǣǼÞŘ¶rɮsOȖǼÞɚs^ÞǋsOǼŸǋŸǋÞǼŎɴEs
ŎȖǣǼ Ķɠɴǣ Es ÞŘ OŸŎƼĶÞŘOs Ÿ¯ ǼÌs ƼǋŸɚÞǣÞŸŘǣ Ÿ¯
¯ǋsǣÌƼƼŸÞŘǼŎsŘǼʳ
ǢsOǼÞŸŘˠˣ˨Ÿ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢŘ_NĶȖǣs
ÝŘOǣsŸ¯ŗŸŘ˚rɮsOȖǼÞɚs^ÞǋsOǼŸǋǣʰǼÌsǣsĶsOǼÞŸŘOŘEs ˠ˦Ÿ¯ǼÌsĵÞǣǼÞŘ¶Ǌs¶ȖĶǼÞŸŘǣʰǣŎsŘ_s_¯ǋŸŎǼÞŎs
made either by way of selection from the data bank of ǼŸǼÞŎsʰÞŘǼÌÞǣǋs¶ǋ_ʳ
b) There shall be a workable mix of directors drawn TRAINING OF INDEPENDENT DIRECTORS

¯ǋŸŎ ɚǋÞŸȖǣ _ÞǣOÞƼĶÞŘsǣʰ ĶÞĨs ǼsOÌŘÞOĶʰ ʩŘŘOsʰ All Independent Directors are familiarized with your Company,
OŸŎŎsǋOÞĶʰ Ķs¶Ķ sǼOʳ ǻÌs DŸǋ_ ǣÌĶĶ ŘŸǼ Ǽ Řɴ their roles, rights and responsibilities in your Company, nature
time be entirely comprised of persons drawn from of the industry in which your Company operates, business
ŸŘs_ÞǣOÞƼĶÞŘsŸǋʩsĶ_ʳ model, strategy, operations and functions of your Company
Oʺ ɟÌÞĶs ƼƼŸÞŘǼÞŘ¶ _ÞǋsOǼŸǋ ǼŸ ¯ÞĶĶ ÞŘ OǣȖĶ ǼÌǋŸȖ¶Ì ÞǼǣ rɮsOȖǼÞɚs ^ÞǋsOǼŸǋǣ Ř_ ǢsŘÞŸǋ ōŘ¶sǋÞĶ
ɚOŘOɴ OȖǣs_ Eɴ _sǼÌʰ ǋsǣÞ¶ŘǼÞŸŘ sǼOʳ Ÿ¯ ƼsǋǣŸŘŘsĶʳ ǻÌs _sǼÞĶǣ Ÿ¯ ƼǋŸ¶ǋŎǣ ¯Ÿǋ ¯ŎÞĶÞǋÞʊǼÞŸŘ Ÿ¯
a director, an effort shall be made, as far as ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋǣɠÞǼÌɴŸȖǋNŸŎƼŘɴǋsɚÞĶEĶsŸŘǼÌs
possible, to appoint such a person in his place website of your Company at the link:
ɠÌŸ Ìǣ ǼÌs ǋsĶsɚŘǼ sɮƼsǋÞsŘOs ÞŘ ǼÌs ¯ÞsĶ_ǣ ÌǼǼƼʲˀˀɠɠɠʳĠɴŸǼÌɴĶEŸǋǼŸǋÞsǣʳOŸŎˀ_ŎÞŘˀ_ŸOǣˀ
or disciplines in which the outgoing director ®ŎÞĶÞǋÞǣǼÞŸŘ̇ˡ˟ƻǋŸ¶ǋŎŎs̬ğĵĵʳƻ^®
Ì_ ǼÌs sɮƼsǋÞsŘOs Ÿǋ ǼÌs ƼsǋǣŸŘ ɠÞǼÌ ǋsĶsɚŘǼ
experience in the fields or disciplines which are MEETING OF INDEPENDENT DIRECTORS
ŘŸǼ ǋsƼǋsǣsŘǼs_ ÞŘ ǼÌs DŸǋ_ ǣ ǋsǇȖÞǣÞǼs ǼŸ
Your Company’s Independent Directors meet at least once in
EȖǣÞŘsǣǣŸ¯ɴŸȖǋNŸŎƼŘɴʳ
sɚsǋɴʩŘŘOÞĶɴsǋɠÞǼÌŸȖǼǼÌsƼǋsǣsŘOsŸ¯rɮsOȖǼÞɚs^ÞǋsOǼŸǋ
d) No preference on the basis of gender, religion or caste or Management Personnel and the meeting is conducted
ǣÌĶĶEs¶ÞɚsŘɠÌÞĶsOŸŘǣÞ_sǋÞŘ¶ǼÌsƼƼŸÞŘǼŎsŘǼŸ¯ ÞŘ¯ŸǋŎĶĶɴʳ ^ȖǋÞŘ¶ ǼÌs ɴsǋ ȖŘ_sǋ ǋsɚÞsɠʰ ŸŘs ŎssǼÞŘ¶ Ÿ¯
_ÞǋsOǼŸǋǣʳ ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋǣɠǣÌsĶ_ŸŘōɴˡˤʰˡ˟ˠˤʳ
e) Generally, an effort shall be made to maintain
ǼÌs DŸǋ_ _ÞɚsǋǣÞǼɴ Eɴ ƼƼŸÞŘǼŎsŘǼ Ÿ¯ ƼsǋǣŸŘǣ BOARD MEETINGS
¯ǋŸŎ _Þɚsǋǣs _ÞǣOÞƼĶÞŘsǣ ʹǋsĶsɚŘǼ ǼŸ ǼÌs ǻÌs DŸǋ_ Ÿ¯ ^ÞǋsOǼŸǋǣ ŎsǼ ˥ ǼÞŎsǣ _ȖǋÞŘ¶ ǼÌs ʩŘŘOÞĶ ɴsǋ
Company’s business), of different age groups sŘ_s_ ˢˠst ōǋOÌʰ ˡ˟ˠ˥ ÞŘ OOŸǋ_ŘOs ɠÞǼÌ ǼÌs ƼǋŸɚÞǣÞŸŘǣ Ÿ¯
and of both the genders (male as well as female) ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢŘ_ǊȖĶsǣŎ_sǼÌsǋsȖŘ_sǋʳ
ǣ^ÞǋsOǼŸǋǣʳ
The dates on which the Board of Directors met during the
¯ʺ ɟÌÞĶs ƼƼŸÞŘǼÞŘ¶ ÝŘ_sƼsŘ_sŘǼ ^ÞǋsOǼŸǋǣʰ ǼÌs ʩŘŘOÞĶ ɴsǋ ȖŘ_sǋ ǋsɚÞsɠ ǋs ƼǋŸɚÞ_s_ ÞŘ ǼÌs NŸǋƼŸǋǼs
criteria for the Independent Directors, as laid down µŸɚsǋŘŘOsǊsƼŸǋǼʳ
ÞŘ ǢsOǼÞŸŘ ˠˣ˨ ʹ˥ʺ Ÿ¯ ǼÌs NŸŎƼŘÞsǣ OǼʰ ˡ˟ˠˢ Ř_
ĵÞǣǼÞŘ¶Ǌs¶ȖĶǼÞŸŘǣǋs¯ŸĶĶŸɠs_ʳ AUDIT COMMITTEE
ǻÌsȖ_ÞǼNŸŎŎÞǼǼssŸ¯ɴŸȖǋNŸŎƼŘɴOŸŘǣÞǣǼǣŸ¯ŎĠŸǋÞǼɴŸ¯
REMUNERATION POLICY
ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋǣŘ_ǼÌs_sǼÞĶs_OŸŎƼŸǣÞǼÞŸŘÞǣƼǋŸɚÞ_s_
Your Company follows the Policy on Remuneration of Directors ÞŘǼÌsNŸǋƼŸǋǼsµŸɚsǋŘŘOsǊsƼŸǋǼʳĶĶǼÌsǋsOŸŎŎsŘ_ǼÞŸŘǣ
Ř_ ǢsŘÞŸǋ ōŘ¶sŎsŘǼ rŎƼĶŸɴssǣ ǣ ƼƼǋŸɚs_ Eɴ ǼÌs Ŏ_sEɴǼÌsȖ_ÞǼNŸŎŎÞǼǼssɠsǋsOOsƼǼs_EɴǼÌsDŸǋ_ʳ
Nomination, Remuneration and Compensation Committee
Ř_ǼÌsDŸǋ_ʳ_sǼÞĶs_ǋsƼŸǋǼŸŘǼÌsǣŎsÞǣ¶ÞɚsŘÞŘǼÌs VIGIL MECHANISM/ WHISTLE BLOWER POLICY
NŸǋƼŸǋǼsµŸɚsǋŘŘOsǊsƼŸǋǼʳ ɳŸȖǋNŸŎƼŘɴÌǣəÞ¶ÞĶōsOÌŘÞǣŎÞŘƼĶOsɠÌÞOÌĶǣŸÞŘOĶȖ_sǣ
ɟÌÞǣǼĶs DĶŸɠsǋ ƻŸĶÞOɴ ÞŘ ǼsǋŎǣ Ÿ¯ ǼÌs ĵÞǣǼÞŘ¶ Ǌs¶ȖĶǼÞŸŘǣ
PERFORMANCE EVALUATION
¯Ÿǋ ^ÞǋsOǼŸǋǣ Ř_ sŎƼĶŸɴssǣ Ÿ¯ ɴŸȖǋ NŸŎƼŘɴ ǼŸ ƼǋŸɚÞ_s
ÝŘ OOŸǋ_ŘOs ɠÞǼÌ ǼÌs NŸŎƼŘÞsǣ OǼʰ ˡ˟ˠˢ Ř_ Ǌs¶ȖĶǼÞŸŘ ŎsOÌŘÞǣŎ ɠÌÞOÌ sŘǣȖǋsǣ _sǇȖǼs ǣ¯s¶Ȗǋ_ǣ ǼŸ rŎƼĶŸɴssǣ
ˣʹˡʺʹ¯ʺŸ¯ǼÌsĵÞǣǼÞŘ¶Ǌs¶ȖĶǼÞŸŘǣʰɴŸȖǋNŸŎƼŘɴÌǣ¯ǋŎs_ Ř_^ÞǋsOǼŸǋǣ¯ǋŸŎŘɴɚÞOǼÞŎÞʊǼÞŸŘŸŘǋÞǣÞŘ¶Ÿ¯OŸŘOsǋŘǣŸ¯
ƻŸĶÞOɴ¯ŸǋrɚĶȖǼÞŸŘŸ¯ƻsǋ¯ŸǋŎŘOsŸ¯ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋǣʰ ŘɴɚÞŸĶǼÞŸŘǣŸ¯Ķs¶ĶŸǋǋs¶ȖĶǼŸǋɴǋsǇȖÞǋsŎsŘǼǣʰÞŘOŸǋǋsOǼŸǋ
DŸǋ_ʰ NŸŎŎÞǼǼssǣ Ř_ ŸǼÌsǋ ÝŘ_ÞɚÞ_ȖĶ ^ÞǋsOǼŸǋǣ ɠÌÞOÌ ŎÞǣǋsƼǋsǣsŘǼǼÞŸŘŸ¯ŘɴʩŘŘOÞĶǣǼǼsŎsŘǼǣŘ_ǋsƼŸǋǼǣsǼOʳ
ÞŘOĶȖ_sǣOǋÞǼsǋÞ¯ŸǋƼsǋ¯ŸǋŎŘOssɚĶȖǼÞŸŘŸ¯ŗŸŘ˚rɮsOȖǼÞɚs
ǻÌsəÞ¶ÞĶōsOÌŘÞǣŎˀɟÌÞǣǼĶsDĶŸɠsǋƻŸĶÞOɴŸ¯ɴŸȖǋNŸŎƼŘɴ
^ÞǋsOǼŸǋǣŘ_rɮsOȖǼÞɚs^ÞǋsOǼŸǋǣʳǇȖsǣǼÞŸŘŘÞǋsÞǣ¯ŸǋŎȖĶǼs_
can be accessed from your Company’s website at the link:
¯Ÿǋ sɚĶȖǼÞŸŘ Ÿ¯ Ƽsǋ¯ŸǋŎŘOs Ÿ¯ ǼÌs DŸǋ_ ¯Ǽsǋ ǼĨÞŘ¶ ÞŘǼŸ
ÌǼǼƼʲˀˀɠɠɠʳĠɴŸǼÌɴĶEŸǋǼŸǋÞsǣʳOŸŎˀ_ŎÞŘˀ_ŸOǣˀğĵĵ̬əÞ¶ÞĶ̇ˡ˟
OŸŘǣÞ_sǋǼÞŸŘ ǣsɚsǋĶ ǣƼsOǼǣ ǣȖOÌ ǣ EŸǋ_ OŸŎƼŸǣÞǼÞŸŘʰ
ōsOÌŘÞǣŎ̇ˡ˟ƻŸĶÞOɴ̬ŎsŘ_s_̬®ÞŘĶ̬ˡ˧˟ˠˡ˟ˠ˥ʳƼ_¯
ǣǼǋǼs¶ÞOŸǋÞsŘǼǼÞŸŘʰEŸǋ_¯ȖŘOǼÞŸŘÞŘ¶Ř_ǼsŎ_ɴŘŎÞOǣʳ
ǻÌs sŎƼĶŸɴssǣ Ÿ¯ ɴŸȖǋ NŸŎƼŘɴ Ìɚs ǼÌs ǋÞ¶ÌǼˀ ŸƼǼÞŸŘ ǼŸ
ƻsǋ¯ŸǋŎŘOs sɚĶȖǼÞŸŘ Ÿ¯ ÝŘ_sƼsŘ_sŘǼ ^ÞǋsOǼŸǋǣ ɠǣ
ǋsƼŸǋǼǼÌsÞǋOŸŘOsǋŘˀ¶ǋÞsɚŘOsǼŸǼÌsNÌÞǋŎŘŸ¯ǼÌsȖ_ÞǼ
conducted by the Board of Directors, excluding the Director
NŸŎŎÞǼǼssʳ ^ȖǋÞŘ¶ ǼÌs ɴsǋ ȖŘ_sǋ ǋsɚÞsɠʰ ŘŸ ƼǋŸǼsOǼs_
EsÞŘ¶ sɚĶȖǼs_ʳ ǻÌs OǋÞǼsǋÞ ¯Ÿǋ Ƽsǋ¯ŸǋŎŘOs sɚĶȖǼÞŸŘ
_ÞǣOĶŸǣȖǋs ¯ǋŸŎ Řɴ ɟÌÞǣǼĶs DĶŸɠsǋ ɠǣ ǋsOsÞɚs_ Eɴ ǼÌs
of Independent Directors laid down by the Nomination,
_sǣÞ¶ŘǼs_Ÿ¯ʩOsǋȖŘ_sǋǼÌsəÞ¶ÞĶōsOÌŘÞǣŎʳ
Remuneration and Compensation Committee include
sǼÌÞOǣ Ř_ ɚĶȖsǣʰ ĨŘŸɠĶs_¶s Ř_ ƼǋŸʩOÞsŘOɴʰ _ÞĶÞ¶sŘOsʰ
RISK MANAGEMENT
EsÌɚÞŸǋĶ ǼǋÞǼǣ Ř_ s¯¯ŸǋǼǣ ¯Ÿǋ ƼsǋǣŸŘĶ _sɚsĶŸƼŎsŘǼʳ
ǢÞŎÞĶǋĶɴʰ Ƽsǋ¯ŸǋŎŘOs sɚĶȖǼÞŸŘ Ÿ¯ ǼÌs NÌÞǋŎŘ Ř_ ŗŸŘ The Board of Directors of your Company has designed a
Independent Directors was carried out by the Independent Risk Management Policy in a structured manner taking into
^ÞǋsOǼŸǋǣʳɳŸȖǋ^ÞǋsOǼŸǋǣĶǣŸsɮƼǋsǣǣs_ǼÌsÞǋǣǼÞǣ¯OǼÞŸŘɠÞǼÌ consideration the following factors and the same is monitored
ǼÌssɚĶȖǼÞŸŘƼǋŸOsǣǣʳ ŸŘƼsǋÞŸ_ÞOEǣÞǣEɴǼÌsrɮsOȖǼÞɚs^ÞǋsOǼŸǋǣŸ¯ɴŸȖǋNŸŎƼŘɴʳ
NŸǋƼŸǋǼsŷɚsǋɚÞsɠ Performance Governance Financial Statements ˤ˨
ˠʳ ǻÌsōŘ¶sŎsŘǼƼƼǋŸOÌʱ ǻÌsŗŸǼsǣŸŘʩŘŘOÞĶǣǼǼsŎsŘǼǋs¯sǋǋs_ǼŸÞŘǼÌsȖ_ÞǼŸǋǣ˅

ˡʳ ğĵĵ˅ǣəÞǣÞŸŘ˓ōÞǣǣÞŸŘʱ Report are self explanatory and do not call for any further
OŸŎŎsŘǼǣʳ ǻÌs Ȗ_ÞǼŸǋǣ˅ ǊsƼŸǋǼ _Ÿsǣ ŘŸǼ OŸŘǼÞŘ Řɴ
ˢʳ ħsɴDȖǣÞŘsǣǣµŸĶǣʱ
ǇȖĶÞʩOǼÞŸŘʰǋsǣsǋɚǼÞŸŘŸǋ_ɚsǋǣsǋsŎǋĨʳ
ˣʳ ǊÞǣĨĵÞEǋǋɴʱ
ˤʳ ǊÞǣĨōŘ¶sŎsŘǼ®ŸOȖǣʳ Cost Audit
Also, the Management has adopted the following 5 step ǣ Ƽsǋ ǣsOǼÞŸŘ ˠˣ˧ Ÿ¯ ǼÌs NŸŎƼŘÞsǣ OǼʰ ˡ˟ˠˢ ǋs_ ɠÞǼÌ
ƼƼǋŸOÌĨssƼÞŘ¶ÞŘɚÞsɠɴŸȖǋNŸŎƼŘɴ˅ǣəÞǣÞŸŘŘ_ōÞǣǣÞŸŘʲ Companies (Cost Records and Audits) Rules, 2014, as amended,
˒ Ý_sŘǼÞ¯ɴÞŘ¶˄ħsɴ˅DȖǣÞŘsǣǣ¶ŸĶǣʱ the Board of Directors of your Company on recommendation of
ǼÌsȖ_ÞǼNŸŎŎÞǼǼssʰƼƼŸÞŘǼs_ōˀǣǊʳŗŘEÌŸɴ˓NŸʳʰNŸǣǼ
˒ Ý_sŘǼÞ¯ɴÞŘ¶ǼÌsǊÞǣĨōŘ¶sŎsŘǼ¯ŸOȖǣʱ
OOŸȖŘǼŘǼǣʰ ōȖŎEÞ ʹ®ÞǋŎ Ǌs¶ÞǣǼǋǼÞŸŘ ŗŸʳ ˟˟˟˟ˠ˟ʺ ǣ ǼÌs
˒ Ý_sŘǼÞ¯ɴÞŘ¶DȖǣÞŘsǣǣǋÞǣĨǣʱ NŸǣǼȖ_ÞǼŸǋǣǼŸOǋǋɴŸȖǼǼÌsOŸǣǼȖ_ÞǼŸ¯ÞǼǣƼǋŸ_ȖOǼǣOŸɚsǋs_
˒ ƻǋÞŸǋÞǼÞʊÞŘ¶ǼÌsÞ_sŘǼÞʩs_EȖǣÞŘsǣǣǋÞǣĨǣʱ ȖŘ_sǋǼÌsōÞŘÞǣǼǋɴŸ¯NŸǋƼŸǋǼs¯¯Þǋǣŷǋ_sǋ_Ǽs_ğȖŘsˢ˟ʰ
˒ ǊǼÞŘ¶ ǼÌs OȖǋǋsŘǼ ǋÞǣĨ ŎŘ¶sŎsŘǼ OƼEÞĶÞǼɴ ¯Ÿǋ ˡ˟ˠˣ ʹǣ ŎsŘ_s_ ŸŘ ^sOsŎEsǋ ˢˠʰ ˡ˟ˠˣʺ ¯Ÿǋ ǼÌs ʩŘŘOÞĶ
Þ_sŘǼÞʩs_ǋÞǣĨǣʳ ɴsǋ ˡ˟ˠ˥˚ˠ˦ʳ ǻÌs ǋsŎȖŘsǋǼÞŸŘ Ÿ¯ NŸǣǼ Ȗ_ÞǼŸǋǣ Ìǣ EssŘ
ƼƼǋŸɚs_EɴǼÌsDŸǋ_Ÿ¯^ÞǋsOǼŸǋǣŸŘǼÌsǋsOŸŎŎsŘ_ǼÞŸŘŸ¯
®ȖǋǼÌsǋ ɴŸȖǋ NŸŎƼŘɴ Ì_ Þ_sŘǼÞʩs_ ħsɴ DȖǣÞŘsǣǣ µŸĶǣ ¯Ÿǋ
Ȗ_ÞǼNŸŎŎÞǼǼssŘ_ǼÌsǋsǇȖÞǣÞǼsǋsǣŸĶȖǼÞŸŘ¯ŸǋǋǼÞʩOǼÞŸŘŸ¯
ʩɚsɴsǋÌŸǋÞʊŸŘŘ_ĶÞEǋǋɴŸ¯ǋÞǣĨsɚsŘǼǣɠÌÞOÌOŸȖĶ_Es
remuneration of Cost Auditors by the members has been set
EŸǼǼĶsŘsOĨÞŘOÌÞsɚÞŘ¶ǼÌsǣŎsʳ¯Ǽsǋ_sʩŘÞŘ¶ǼÌsĨsɴEȖǣÞŘsǣǣ
out in the Notice of the 25th Annual General Meeting of your
¶ŸĶǣŘ_ǼÌsĶÞEǋǋɴŸ¯ǋÞǣĨsɚsŘǼǣʰɴŸȖǋNŸŎƼŘɴÞ_sŘǼÞʩs_ǼÌs
NŸŎƼŘɴʳ
¶ŸĶǣŸŘɠÌÞOÌǼÌsŎŘ¶sŎsŘǼɠŸȖĶ_¯ŸOȖǣʳ
ǻÌsƼƼŸÞŘǼŎsŘǼŸ¯ōˀǣǊʳŗŘEÌŸɴ˓NŸʳʰNŸǣǼOOŸȖŘǼŘǼǣʰ
INTERNAL CONTROL SYSTEMS ōȖŎEÞÞǣɠÞǼÌÞŘǼÌsƼǋsǣOǋÞEs_ĶÞŎÞǼǣŸ¯NŸŎƼŘÞsǣOǼʰˡ˟ˠˢ
ɳŸȖǋ NŸŎƼŘɴ Ìǣ _sǇȖǼs ÞŘǼsǋŘĶ OŸŘǼǋŸĶ ǣɴǣǼsŎǣ Ř_ Ř_¯ǋss¯ǋŸŎŘɴ_ÞǣǇȖĶÞʩOǼÞŸŘǣǣƼsOÞʩs_ǼÌsǋsȖŘ_sǋʳɳŸȖǋ
ƼǋŸOs_Ȗǋsǣ ÞŘ ƼĶOs ¯Ÿǋ s¯¯sOǼÞɚs Ř_ ǣŎŸŸǼÌ OŸŘ_ȖOǼ Ÿ¯ NŸŎƼŘɴÞǣÞŘǋsOsÞƼǼŸ¯ǼÌsNsǋǼÞʩOǼs¯ǋŸŎǼÌsNŸǣǼȖ_ÞǼŸǋǣ
EȖǣÞŘsǣǣ Ř_ ǼŸ ŎssǼ sɮÞ¶sŘOÞsǣ Ÿ¯ ŸƼsǋǼÞŸŘ Ř_ ¶ǋŸɠǼÌʳ OŸŘʩǋŎÞŘ¶ ǼÌsÞǋ ÞŘ_sƼsŘ_sŘOs Ř_ ǋsĶǼÞŸŘǣÌÞƼ ŸŘ ǋŎ˅ǣ
Your Company has set up Standard Operating Process (SOP), ĶsŘ¶ǼÌEǣÞǣʳ
ƼǋŸOs_Ȗǋsǣ Ř_ OŸŘǼǋŸĶǣ ƼǋǼ ¯ǋŸŎ ǋs¶ȖĶǋ ÝŘǼsǋŘĶ Ȗ_ÞǼǣʳ
Secretarial Audit
ǊŸĶsǣŘ_ǋsǣƼŸŘǣÞEÞĶÞǼÞsǣÌɚsEssŘĶÞ__ŸɠŘʳōŘ¶sŎsŘǼ
Information System has been established which ensure that ÝŘǼsǋŎǣŸ¯ǢsOǼÞŸŘˡ˟ˣŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢʰǼÌsDŸǋ_
_sǇȖǼs Ř_ OOȖǋǼs ÞŘ¯ŸǋŎǼÞŸŘ Þǣ ɚÞĶEĶs ¯Ÿǋ ǋsƼŸǋǼÞŘ¶ had appointed M/s Rathi & Associates, Company Secretaries,
Ř__sOÞǣÞŸŘŎĨÞŘ¶ʳ ōȖŎEÞ ǼŸ Oǋǋɴ ŸȖǼ ǢsOǋsǼǋÞĶ Ȗ_ÞǼ ¯Ÿǋ ǼÌs ʩŘŘOÞĶ ɴsǋ
ˡ˟ˠˤ˚ˠ˥ʳ ǻÌs ǋsƼŸǋǼ Ÿ¯ ǼÌs ǢsOǋsǼǋÞĶ Ȗ_ÞǼŸǋ Þǣ ƼƼsŘ_s_
ÝŘǼsǋŘĶ Ȗ_ÞǼ Þǣ OŸŘ_ȖOǼs_ Eɴ ÞŘ_sƼsŘ_sŘǼ ʩǋŎ Ÿ¯ Ȗ_ÞǼŸǋǣʳ
ǣ ŘŘsɮȖǋs ǼŸ ǼÌÞǣ ǋsƼŸǋǼʳ ǻÌs ǋsƼŸǋǼ _Ÿsǣ ŘŸǼ OŸŘǼÞŘ Řɴ
ÝŘǼsǋŘĶȖ_ÞǼŸǋǣǋs¶ȖĶǋĶɴOÌsOĨǼÌs_sǇȖOɴŸ¯ǼÌsǣɴǣǼsŎʰ
ǇȖĶÞʩOǼÞŸŘʰǋsǣsǋɚǼÞŸŘŸǋ_ɚsǋǣsǋsŎǋĨʳ
ǼÌsÞǋ ŸEǣsǋɚǼÞŸŘǣ ǋs ǋsɚÞsɠs_ Eɴ ǼÌs ŎŘ¶sŎsŘǼ Ř_
ǋsŎs_ÞĶ ŎsǣȖǋsǣʰ ǣ ŘsOsǣǣǋɴʰ ǋs ǼĨsŘʳ ÝŘǼsǋŘĶ Ȗ_ÞǼŸǋǣ
INSTANCES OF FRAUD, IF ANY REPORTED BY THE
report directly to the Chairman of the Audit Committee to
AUDITORS
ŎÞŘǼÞŘÞǼǣŸEĠsOǼÞɚÞǼɴŘ_ÞŘ_sƼsŘ_sŘOsʳ
ǻÌsǋs Ìɚs EssŘ ŘŸ ÞŘǣǼŘOsǣ Ÿ¯ Řɴ ¯ǋȖ_ ǋsƼŸǋǼs_ Eɴ ǼÌs
ɳŸȖǋNŸŎƼŘɴÌǣĶǣŸÞŘƼĶOs˄NŸŎƼĶÞŘOsǻŸŸĶ˅_sǣÞ¶Řs_
ǢǼǼȖǼŸǋɴ Ȗ_ÞǼŸǋǣ ȖŘ_sǋ ǢsOǼÞŸŘ ˠˣˢʹˠˡʺ Ÿ¯ ǼÌs NŸŎƼŘÞsǣ
Ř_ ÞŎƼĶsŎsŘǼs_ Eɴ rǋŘǣǼ ˓ ɳŸȖŘ¶ʰ ĵĵƻ ɠÌÞOÌ sŘǣȖǋsǣ
OǼʰˡ˟ˠˢʳ
OŸŎƼĶÞŘOs ɠÞǼÌ ǼÌs ƼǋŸɚÞǣÞŸŘǣ Ÿ¯ ĶĶ ƼƼĶÞOEĶs Ķɠǣ ǼŸ ɴŸȖǋ
NŸŎƼŘɴ_sǇȖǼsĶɴŘ_s¯ʩOÞsŘǼĶɴʳ
TRANSFER OF AMOUNT TO INVESTOR EDUCATION AND
AUDITORS & AUDIT REPORTS PROTECTION FUND
Statutory Audit ƻȖǋǣȖŘǼǼŸǼÌsƼǋŸɚÞǣÞŸŘǣŸ¯ǢsOǼÞŸŘˡ˟ˤNŸ¯ǼÌsNŸŎƼŘÞsǣ

OǼʰ ˠ˨ˤ˥ʰ ǼÌs _ÞɚÞ_sŘ_ˀ ÞŘǼsǋsǣǼˀ ǋs¯ȖŘ_ Ÿ¯ ƼƼĶÞOǼÞŸŘǣ
ōˀǣǢǊDN˓NŸĵĵƻʰNÌǋǼsǋs_OOŸȖŘǼŘǼǣʹÝNÝǊs¶ÞǣǼǋǼÞŸŘ
ɠÌÞOÌ ǋsŎÞŘs_ ȖŘOĶÞŎs_ˀ ȖŘƼÞ_ ¯Ÿǋ ƼsǋÞŸ_ Ÿ¯ ǣsɚsŘ
ŗŸʳ ˢˡˣ˨˧ˡrˀ rˢ˟˟˟˟ˢʺʰ ɠsǋs ƼƼŸÞŘǼs_ Eɴ ǼÌs ŎsŎEsǋǣ Ÿ¯
ɴsǋǣ¯ǋŸŎǼÌs_ǼsŸ¯ǼǋŘǣ¯sǋǼŸȖŘƼÞ__ÞɚÞ_sŘ_ˀÞŘǼsǋsǣǼˀ
ɴŸȖǋ NŸŎƼŘɴ Ǽ ǼÌs ˡˢrd Annual General Meeting (AGM)
ǋs¯ȖŘ_ OOŸȖŘǼ ɠǣ ǋsǇȖÞǋs_ ǼŸ Es ǼǋŘǣ¯sǋǋs_ ǼŸ ǼÌs
ÌsĶ_ ŸŘ Ȗ¶ȖǣǼ ˠˢʰ ˡ˟ˠˣ ¯Ÿǋ ƼsǋÞŸ_ Ÿ¯ ǼÌǋss ɴsǋǣ Þʳsʳ ¯Ÿǋ
ÝŘɚsǣǼŸǋ r_ȖOǼÞŸŘ Ř_ ƻǋŸǼsOǼÞŸŘ ®ȖŘ_ ʹÝrƻ®ʺ sǣǼEĶÞǣÌs_
ǼÌs ʩŘŘOÞĶ ɴsǋǣ ˡ˟ˠˣ˚ˠˤʰ ˡ˟ˠˤ˚ˠ˥ Ř_ ˡ˟ˠ˥˚ˠ˦ ǣȖEĠsOǼ ǼŸ
EɴǼÌsNsŘǼǋĶµŸɚsǋŘŎsŘǼŘ_ŘŸOĶÞŎǣÌĶĶĶÞs¶ÞŘǣǼǼÌs
ŘŘȖĶǋǼÞʩOǼÞŸŘEɴǼÌsǢÌǋsÌŸĶ_sǋǣÞŘǼÌsµōǣǼŸEsÌsĶ_
NŸŎƼŘɴʳ
¯Ÿǋ®ÞŘŘOÞĶɴsǋˡ˟ˠˤ˚ˠ˥Ř_ˡ˟ˠ˥˚ˠ˦ʳ
OOŸǋ_ÞŘ¶Ķɴʰ ǼÌs ȖŘOĶÞŎs_ˀ ȖŘƼÞ_ _ÞɚÞ_sŘ_ ¯Ÿǋ ǼÌs ɴsǋ
ōsŎEsǋǣǋsǋsǇȖsǣǼs_ǼŸǋǼÞ¯ɴǼÌsƼƼŸÞŘǼŎsŘǼŸ¯ōˀǣǢǊDN
2007-08 which remained unpaid and unclaimed for a period
˓ NŸ ĵĵƻʰ NÌǋǼsǋs_ OOŸȖŘǼŘǼǣ ǣ ǢǼǼȖǼŸǋɴ Ȗ_ÞǼŸǋǣ ¯ǋŸŎ
of 7 years has been transferred by your Company to the
the conclusion of the ensuing Annual General Meeting till the
Ýrƻ®ʳ
conclusion of the next Annual General Meeting in 2017 and
ǼŸ ȖǼÌŸǋÞʊs ǼÌs DŸǋ_ ǼŸ ʩɮ ǼÌsÞǋ ǋsŎȖŘsǋǼÞŸŘ ¯Ÿǋ ǼÌs ɴsǋ Your Company updates the details of unclaimed/ unpaid
ˡ˟ˠ˥˚ˠ˦ʳ _ÞɚÞ_sŘ_ŸŘÞǼǣɠsEǣÞǼsɚÞʊʳʰʹɠɠɠʳĠɴŸǼÌɴĶEŸǋǼŸǋÞsǣʳOŸŎ) and
on MCA website (ɠɠɠʳŎOʳ¶ŸɚʳÞŘ) from time to time pursuant FOREIGN EXCHANGE EARNINGS AND OUTGO
ǼŸǼÌsƼǋŸɚÞǣÞŸŘǣŸ¯Ýrƻ®ʹȕƼĶŸ_ÞŘ¶Ÿ¯ÝŘ¯ŸǋŎǼÞŸŘǊs¶ǋ_ÞŘ¶ The details of foreign exchange earnings and outgo are as
ȕŘƼÞ_Ř_ȕŘOĶÞŎs_ŎŸȖŘǼĵɴÞŘ¶ɠÞǼÌNŸŎƼŘÞsǣʺǊȖĶsǣʰ below:
ˡ˟ˠˡʳ
(` in Crore)
®ȖǋǼÌsǋʰǼÌsȖŘƼÞ__ÞɚÞ_sŘ_ŎŸȖŘǼƼsǋǼÞŘÞŘ¶ǼŸǼÌsʩŘŘOÞĶ
Particulars 2015-16 2014-15
ɴsǋ ˡ˟˟˧˚˟˨ ɠÞĶĶ Es ǼǋŘǣ¯sǋǋs_ ǼŸ Ýrƻ® _ȖǋÞŘ¶ ǼÌs ®ÞŘŘOÞĶ
ɳsǋˡ˟ˠ˥˚ˠ˦ʳ Foreign exchange earnings ˠˡʳˡ˨ ˠˣʳˢ˨
Foreign exchange outgo ˡ˥ʳ˨ˡ ˠˠʳ˧˥
EXTRACT OF ANNUAL RETURN
ǻÌsrɮǼǋOǼŸ¯ŘŘȖĶǊsǼȖǋŘǣƼǋsǣOǋÞEs_ȖŘ_sǋǢsOǼÞŸŘ˨ˡʹˢʺ PARTICULARS OF EMPLOYEES
Ÿ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢŘ_ǊȖĶsˠˡʹˠʺŸ¯ǼÌsNŸŎƼŘÞsǣ ƻǋǼÞOȖĶǋŸ¯sŎƼĶŸɴssǣǣǋsǇȖÞǋs_ȖŘ_sǋǢsOǼÞŸŘˠ˨˦ʹˠˡʺŸ¯
(Management and Administration) Rules, 2014 is appended as ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢǋs_ɠÞǼÌNŸŎƼŘÞsǣʹƼƼŸÞŘǼŎsŘǼ
ŘŘsɮȖǋsǼŸǼÌÞǣǊsƼŸǋǼʳ and Remuneration of Managerial Personnel) Rules, 2014 and
forming part of the Directors’ Report for the year ended March
EMPLOYEE RELATIONS ˢˠʰˡ˟ˠ˥Þǣ¶ÞɚsŘÞŘǣsƼǋǼsŘŘsɮȖǋsǼŸǼÌÞǣǊsƼŸǋǼʳ
ɳŸȖǋ NŸŎƼŘɴ Ìǣ Ķɠɴǣ ƼǋŸɚÞ_s_ OŸŘ¶sŘÞĶ ǼŎŸǣƼÌsǋs
for work to all employees that is free from discrimination and CAUTIONARY NOTE
ÌǋǣǣŎsŘǼʳ rŎƼĶŸɴss ǋsĶǼÞŸŘǣ ǋsŎÞŘs_ OŸǋ_ÞĶ _ȖǋÞŘ¶ ǼÌs Certain statements in the “Management Discussion and
ɴsǋȖŘ_sǋǋsɚÞsɠʳ ŘĶɴǣÞǣˇ ǣsOǼÞŸŘ Ŏɴ Es ˄¯Ÿǋɠǋ_˚ĶŸŸĨÞŘ¶˅ʳ ǢȖOÌ ˄¯Ÿǋɠǋ_
ĶŸŸĨÞŘ¶˅ǣǼǼsŎsŘǼǣǋsǣȖEĠsOǼǼŸǋÞǣĨǣŘ_ȖŘOsǋǼÞŘǼÞsǣŘ_
PREVENTION OF SEXUAL HARASSMENT therefore actual results could be different from what your
ɳŸȖǋ NŸŎƼŘɴ Ìǣ ¯ǋŎs_ ˄ŘǼÞ ˛ ǢsɮȖĶ ËǋǣǣŎsŘǼ ƻŸĶÞOɴ˅ ^ÞǋsOǼŸǋǣsŘɚÞǣ¶sÞŘǼsǋŎǣŸ¯¯ȖǼȖǋsƼsǋ¯ŸǋŎŘOsŘ_ŸȖǼĶŸŸĨʳ
at workplace and has constituted an Internal Complaints
NŸŎŎÞǼǼssʹÝNNʺǣƼsǋǼÌsǋsǇȖÞǋsŎsŘǼŸ¯ǢsɮȖĶËǋǣǣŎsŘǼ ACKNOWLEDGEMENT
Ÿ¯ɟŸŎsŘǼɟŸǋĨƼĶOsʹƻǋsɚsŘǼÞŸŘʰƻǋŸÌÞEÞǼÞŸŘŘ_Ǌs_ǋsǣǣĶʺ The Board of Directors express their sincere appreciation
OǼʰˡ˟ˠˢŘ_ǼÌsǊȖĶsǣ¯ǋŎs_ǼÌsǋsȖŘ_sǋʳŗŸOŸŎƼĶÞŘǼǣɠÞǼÌ for the contribution and commitment of the employees of
allegations of any sexual harassment were reported during the ɴŸȖǋ NŸŎƼŘɴ Ř_ ¯Ÿǋ ǼÌs sɮOsĶĶsŘǼ ǣȖƼƼŸǋǼ ƼǋŸɚÞ_s_ Eɴ ǼÌs
ɴsǋȖŘ_sǋǋsɚÞsɠʳ Shareholders, customers, distributors, suppliers, bankers, media
Ř_ŸǼÌsǋǢǼĨsÌŸĶ_sǋǣʰ_ȖǋÞŘ¶ǼÌsʩŘŘOÞĶɴsǋȖŘ_sǋǋsɚÞsɠʳ
FIXED DEPOSITS
ɳŸȖǋNŸŎƼŘɴ_Þ_ŘŸǼOOsƼǼˀǋsŘsɠŘɴʩɮs__sƼŸǣÞǼǣ¯ǋŸŎ For and on behalf of the Board of Directors
ƼȖEĶÞO Ř_ ŘŸ ʩɮs_ _sƼŸǣÞǼǣ ɠsǋs ŸȖǼǣǼŘ_ÞŘ¶ Ÿǋ ǋsŎÞŘs_ For Jyothy Laboratories Limited
ȖŘOĶÞŎs_ǣŸŘōǋOÌˢˠʰˡ˟ˠ˥ʳ
CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION M. P. Ramachandran

ɟÞǼÌ ǋs¶ǋ_ ǼŸ ǼÌs ǋsǇȖÞǋsŎsŘǼǣ Ÿ¯ OŸŘǣsǋɚǼÞŸŘ Ÿ¯ sŘsǋ¶ɴ Chairman & Managing Director
Ř_ǼsOÌŘŸĶŸ¶ɴEǣŸǋƼǼÞŸŘƼȖǋǣȖŘǼǼŸƼǋŸɚÞǣÞŸŘŸ¯ǢsOǼÞŸŘ (DIN: 00553406)
ˠˢˣ Ÿ¯ ǼÌs NŸŎƼŘÞsǣ OǼʰ ˡ˟ˠˢʰ ǋs_ ɠÞǼÌ ǼÌs NŸŎƼŘÞsǣ
ʹOOŸȖŘǼǣʺ ǊȖĶsǣʰ ˡ˟ˠˣʰ ɴŸȖǋ NŸŎƼŘɴ Ìǣ ŘŸǼÌÞŘ¶ ǣƼsOÞʩO
ǼŸǋsƼŸǋǼʳ ōȖŎEÞʰōɴˡˢʰˡ˟ˠ˥
ANNEXURE TO THE DIRECTORS’ REPORT
FORM AOC - I
STATEMENT CONTAINING THE SALIENT FEATURES OF THE FINANCIAL STATEMENT OF SUBSIDIARY /
ASSOCIATES / JOINT VENTURES.
ʹƻȖǋǣȖŘǼǼŸʩǋǣǼƼǋŸɚÞǣŸǼŸǣȖE˚ǣsOǼÞŸŘʹˢʺŸ¯ǢsOǼÞŸŘˠˡ˨Ÿ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢǋs_ɠÞǼÌǊȖĶsˤŸ¯ǼÌsNŸŎƼŘÞsǣ
ʹOOŸȖŘǼǣʺǊȖĶsǣʰˡ˟ˠˣʺ
Part “ A” :Subsidiaries
(`ÞŘĵOǣʺ
Sr. Name of the Subsidiary Jyothy Fabricare Jyothy Kallol Snoways Four Seasons Jyothy
No Company Services Limited Bangladesh Laundrers and Drycleaning Consumer
Limited Drycleaners Company Private Products
Private Ltd # Limited # Marketing Ltd
Country India Bangladesh India India India

Financial Year / Period April 1, 2015 to April 1, 2015 to April 1, 2015 to April 1, 2015 to April 1, 2015 to
March 31, 2016 March 31, 2016 March 31, 2016 March 31, 2016 March 31, 2016
Local Currency INR BDT INR INR INR
Exchange rate as on 1BDT
March 31, 2016 - = 0.82 INR - - -
1 Share Capital 2,385.00 801.84 100.00 220.70 1,491.00
2 Reserves & Surplus 107.64 (114.48) (9.45) (442.30) (47,274.00)
3 Total Assets 8,482.90 710.86 97.78 26.83 2,499.43
4 Total Liabilities 5,990.26 23.50 7.23 248.43 48282.43
5 Details of Investment 1,719.73 0.00 0.00 0.00 0.00
(except investment in
subsidiaries)
6 Turnover (Net) 3,386.63 766.16 0.00 193.30 7,146.77
7 ƻǋŸʩǼˀʹĵŸǣǣʺEs¯Ÿǋs (1,405.24) 1.17 (0.55) (38.72) (3,606.15)
taxation
8 Provision for taxation 0.00 2.35 0.00 0.00 0.00
9 ƻǋŸʩǼˀʹĵŸǣǣʺ¯Ǽsǋ (1,405.24) (1.18) (0.55) (38.72) (3,606.15)
taxation
10 Proposed / Interim Nil Nil Nil Nil Nil
Dividend
11 % of shareholding 86.37% 75.00% 42.32% 86.37% 100.00%
˞ ǢŘŸɠɴǣĵȖŘ_ǋsǋǣŘ_^ǋɴOĶsŘsǋǣƻǋÞɚǼsĵÞŎÞǼs_Ř_®ŸȖǋǢsǣŸŘǣ^ǋɴOĶsŘÞŘ¶NŸŎƼŘɴƻɚǼʳĵÞŎÞǼs_ǋsǣȖEǣÞ_ÞǋÞsǣŸ¯
ğɴŸǼÌɴ®EǋÞOǋsǢsǋɚÞOsǣĵÞŎÞǼs_
Notes:
ˠʳ ŗŸŘsŸ¯ǼÌsǣȖEǣÞ_ÞǋÞsǣŸ¯ǼÌsNŸŎƼŘɴǋsɴsǼǼŸOŸŎŎsŘOsŸƼsǋǼÞŸŘǣʳ
ˡʳ ŗŸŘsŸ¯ǼÌsǣȖEǣÞ_ÞǋÞsǣÌɚsEssŘĶÞǇȖÞ_Ǽs_ŸǋǣŸĶ__ȖǋÞŘ¶ǼÌsɴsǋȖŘ_sǋǋsɚÞsɠʳËŸɠsɚsǋʰ_ȖǋÞŘ¶ǼÌs®ÞŘŘOÞĶɴsǋˡ˟ˠˤ˚ˠ˥ʰ
ğɴŸǼÌɴNŸŘǣȖŎsǋƻǋŸ_ȖOǼǣōǋĨsǼÞŘ¶ĵÞŎÞǼs_ʰǣǼsƼ_ŸɠŘǣȖEǣÞ_ÞǋɴŸ¯ǼÌsNŸŎƼŘɴʹ_ÞǋsOǼǣȖEǣÞ_ÞǋɴŸ¯sǋǣǼɠÌÞĶsǣǣŸOÞǼs_
ÝŘ_ȖǣǼǋÞsǣNŸŘǣȖŎsǋƻǋŸ_ȖOǼǣƻǋÞɚǼsĵÞŎÞǼs_ʺÌǣEsOŸŎs_ÞǋsOǼǣȖEǣÞ_ÞǋɴŸ¯ǼÌsNŸŎƼŘɴƼȖǋǣȖŘǼǼŸŎĶ¶ŎǼÞŸŘŸ¯
ǣǣŸOÞǼs_ÝŘ_ȖǣǼǋÞsǣNŸŘǣȖŎsǋƻǋŸ_ȖOǼǣƻǋÞɚǼsĵÞŎÞǼs_ɠÞǼÌğɴŸǼÌɴNŸŘǣȖŎsǋƻǋŸ_ȖOǼǣōǋĨsǼÞŘ¶ĵÞŎÞǼs_ʳ
˥ˡ Jyothy Laboratories Limited
Part ‘’B”: Associates and Joint Ventures
ǢǼǼsŎsŘǼƼȖǋǣȖŘǼǼŸǢsOǼÞŸŘˠˡ˨ʹˢʺŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢǋsĶǼs_ǼŸǣǣŸOÞǼsNŸŎƼŘÞsǣŘ_ğŸÞŘǼəsŘǼȖǋsǣ
(`ÞŘĵOǣʺ
Name of Joint Venture ğ®Ǣĵ˛ğĵĵğəʹƻǋǼŘsǋǣÌÞƼʩǋŎʺ
ĵǼsǣǼȖ_ÞǼs_DĶŘOsǢÌssǼ^Ǽs ōǋOÌˢˠʰˡ˟ˠ˥
ǢÌǋsǣŸ¯ǣǣŸOÞǼsˀğŸÞŘǼəsŘǼȖǋsǣÌsĶ_EɴǼÌsOŸŎƼŘɴŸŘǼÌsɴsǋsŘ_ʲ
ˠʳ ŗŸʳ Partnership Interest 25%
ˡʳ ŎŸȖŘǼŸ¯ÝŘɚsǣǼŎsŘǼÞŘğŸÞŘǼəsŘǼȖǋs 84.75
ˢʳ rɮǼsŘǼŸ¯ËŸĶ_ÞŘ¶ʹ̇ʺ ˡˤ̇
^sǣOǋÞƼǼÞŸŘŸ¯ÌŸɠǼÌsǋsÞǣǣÞ¶ŘÞʩOŘǼÞŘʪȖsŘOs NŸŘǼǋŸĶŸ¯DȖǣÞŘsǣǣ_sOÞǣÞŸŘǣȖŘ_sǋƻǋǼŘsǋǣÌÞƼ_ss_ʳ
ǊsǣŸŘɠÌɴǼÌsĠŸÞŘǼɚsŘǼȖǋsÞǣŘŸǼOŸŘǣŸĶÞ_Ǽs_ ŗʳ
ŗsǼɠŸǋǼÌǼǼǋÞEȖǼEĶsǼŸǢÌǋsÌŸĶ_ÞŘ¶ǣƼsǋĶǼsǣǼȖ_ÞǼs_DĶŘOsǢÌssǼˎ ˡ˦ˤʳ˥˨
ƻǋŸʩǼˀĵŸǣǣ¯ŸǋǼÌsɴsǋ
Þʳ NŸŘǣÞ_sǋs_ÞŘNŸŘǣŸĶÞ_ǼÞŸŘˎ ʹˡ˨ʳˡ˟ʺ
ÞÞ ŗŸǼNŸŘǣÞ_sǋs_ÞŘNŸŘǣŸĶÞ_ǼÞŸŘ ˚
ˠʳ ŗŸŘsŸ¯ǼÌsǣǣŸOÞǼsǣŸǋĠŸÞŘǼɚsŘǼȖǋsǣŸ¯ǼÌsNŸŎƼŘɴǋsɴsǼǼŸOŸŎŎsŘOsŸƼsǋǼÞŸŘǣʳ
ˡʳ ŗŸŘsŸ¯ǼÌsǣǣŸOÞǼsǣŸǋĠŸÞŘǼɚsŘǼȖǋsǣŸ¯ǼÌsNŸŎƼŘɴÌɚsEssŘĶÞǇȖÞ_Ǽs_ŸǋǣŸĶ__ȖǋÞŘ¶ǼÌsɴsǋȖŘ_sǋǋsɚÞsɠʳ
ˢʳ ǻÌsNŸŎƼŘɴ_ŸsǣŘŸǼÌɚsŘɴǣǣŸOÞǼsOŸŎƼŘɴʳ
ˎǊsƼǋsǣsŘǼǣ¶ǋŸȖƼǣÌǋsǣÞŘƼǋǼŘsǋǣÌÞƼʩǋŎʳ
For and on behalf of the Board of Directors

For Jyothy Laboratories Limited
M.P. Ramachandran K. Ullas Kamath

Chairman and Joint Managing Director
ōŘ¶ÞŘ¶^ÞǋsOǼŸǋ Ř_NÌÞs¯®ÞŘŘOÞĶŷ¯ʩOsǋ
DIN: 00553406 DIN: 00506681
S. Raghunandan M.L. Bansal

Whole Time Director and Chief Company Secretary
rɮsOȖǼÞɚsŷ¯ʩOsǋ ōsŎEsǋǣÌÞƼŗŸʳʲ®ˡˡ˨˦
DIN: 02263845
ƻĶOsʲōȖŎEÞ
ōɴˡˢʰˡ˟ˠ˥
Corporate Overview Performance Governance Financial Statements ˥ˢ
PARTICULARS OF CONTRACTS/ ARRANGEMENTS MADE WITH RELATED PARTIES

Form No. AOC-2
ʻƻȖǋǣȖŘǼǼŸOĶȖǣsʹÌʺŸ¯ǣȖE˚ǣsOǼÞŸŘʹˢʺŸ¯ǣsOǼÞŸŘˠˢˣŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢŘ_ǊȖĶs˧ʹˡʺŸ¯ǼÌsNŸŎƼŘÞsǣ
ʹOOŸȖŘǼǣʺǊȖĶsǣʰˡ˟ˠˣʼ
1. Details of Contracts or arrangements or transactions not at arm’s length basis:
ʹʺ ŗŎsʹǣʺŸ¯ǼÌsǋsĶǼs_ƼǋǼɴŘ_ŘǼȖǋsŸ¯ǋsĶǼÞŸŘǣÌÞƼ
ʹEʺ ŗǼȖǋsŸ¯OŸŘǼǋOǼǣˀǋǋŘ¶sŎsŘǼǣˀǼǋŘǣOǼÞŸŘǣ
ʹOʺ ^ȖǋǼÞŸŘŸ¯ǼÌsOŸŘǼǋOǼǣˀǋǋŘ¶sŎsŘǼǣˀǼǋŘǣOǼÞŸŘǣ
ʹ_ʺ ǢĶÞsŘǼǼsǋŎǣŸ¯ǼÌsOŸŘǼǋOǼǣŸǋǋǋŘ¶sŎsŘǼǣŸǋǼǋŘǣOǼÞŸŘǣÞŘOĶȖ_ÞŘ¶ǼÌs
ɚĶȖsʰÞ¯Řɴ
NIL
ʹsʺ ğȖǣǼÞʩOǼÞŸŘ¯ŸǋsŘǼsǋÞŘ¶ÞŘǼŸǣȖOÌOŸŘǼǋOǼǣŸǋǋǋŘ¶sŎsŘǼǣŸǋǼǋŘǣOǼÞŸŘǣ
ʹ¯ʺ ^ǼsʹǣʺŸ¯ƼƼǋŸɚĶEɴǼÌsDŸǋ_
ʹ¶ʺ ŎŸȖŘǼƼÞ_ǣ_ɚŘOsǣʰÞ¯Řɴ
ʹÌʺ ^ǼsŸŘɠÌÞOÌǼÌsǣƼsOÞĶǋsǣŸĶȖǼÞŸŘɠǣƼǣǣs_ÞŘ¶sŘsǋĶŎssǼÞŘ¶ǣ
ǋsǇȖÞǋs_ȖŘ_sǋʩǋǣǼƼǋŸɚÞǣŸǼŸǢsOǼÞŸŘˠ˧˧
2. Details of material Contracts or arrangements or transactions at arm’s length basis:
ʹʺ ŗŎsʹǣʺŸ¯ǼÌsǋsĶǼs_ƼǋǼɴŘ_ŘǼȖǋsŸ¯ǋsĶǼÞŸŘǣÌÞƼ
ʹEʺ ŗǼȖǋsŸ¯OŸŘǼǋOǼǣˀǋǋŘ¶sŎsŘǼǣˀǼǋŘǣOǼÞŸŘǣ
ʹOʺ ^ȖǋǼÞŸŘŸ¯ǼÌsOŸŘǼǋOǼǣˀǋǋŘ¶sŎsŘǼǣˀǼǋŘǣOǼÞŸŘǣ
ʹ_ʺ ǢĶÞsŘǼǼsǋŎǣŸ¯ǼÌsOŸŘǼǋOǼǣŸǋǋǋŘ¶sŎsŘǼǣŸǋǼǋŘǣOǼÞŸŘǣÞŘOĶȖ_ÞŘ¶ǼÌs NIL
ɚĶȖsʰÞ¯Řɴ
ʹsʺ ^ǼsʹǣʺŸ¯ƼƼǋŸɚĶEɴǼÌsDŸǋ_
ʹ¯ʺ ŎŸȖŘǼƼÞ_ǣ_ɚŘOsǣʰÞ¯Řɴ

M. P. Ramachandran
Chairman and Managing Director
(DIN: 00553406)
ƻĶOsʲōȖŎEÞʰ
ōɴˡˢʰˡ˟ˠ˥
˥ˣ Jyothy Laboratories Limited
ANNUAL REPORT ON CSR ACTIVITIES ÞŎƼŸǋǼŘOsŘ_ɠŸǋĨǣŸ¯ǋǼʱǣsǼǼÞŘ¶ȖƼƼȖEĶÞOĶÞEǋǋÞsǣʱ

ƼǋŸŎŸǼÞŸŘ Ř_ _sɚsĶŸƼŎsŘǼ Ÿ¯ Ǽǋ_ÞǼÞŸŘĶ ǋǼǣ Ř_
ˠʳ EǋÞs¯ ŸȖǼĶÞŘs Ÿ¯ ǼÌs NŸŎƼŘɴ˅ǣ NǢǊ ƼŸĶÞOɴʰ ÞŘOĶȖ_ÞŘ¶ ÌŘ_ÞOǋ¯Ǽǣʱ
ŸɚsǋɚÞsɠŸ¯ƼǋŸĠsOǼǣŸǋƼǋŸ¶ǋŎǣƼǋŸƼŸǣs_ǼŸEsȖŘ_sǋǼĨsŘ
Ř_ǋs¯sǋsŘOsǼŸǼÌsɠsE˚ĶÞŘĨǼŸǼÌsNǢǊƼŸĶÞOɴŘ_ƼǋŸĠsOǼ ɚÞʺ ŎsǣȖǋsǣ¯ŸǋǼÌsEsŘsʩǼŸ¯ǋŎs_¯ŸǋOsǣɚsǼsǋŘǣʰɠǋ
ŸǋƼǋŸ¶ǋŎǣʳ ɠÞ_ŸɠǣŘ_ǼÌsÞǋ_sƼsŘ_sŘǼǣʱ
ǻÌsNŸŎƼŘɴÌǣ¯ǋŎs_NǢǊƻŸĶÞOɴÞŘOŸŎƼĶÞŘOsɠÞǼÌ ɚÞÞʺ ǼǋÞŘÞŘ¶ǼŸƼǋŸŎŸǼsǋȖǋĶǣƼŸǋǼǣʰŘǼÞŸŘĶĶɴǋsOŸ¶ŘÞǣs_

ǼÌsƼǋŸɚÞǣÞŸŘǣŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢŘ_ǼÌsǣŎsÞǣ ǣƼŸǋǼǣʰƼǋĶɴŎƼÞOǣƼŸǋǼǣŘ_ŷĶɴŎƼÞOǣƼŸǋǼǣʱ
ȖƼĶŸ_s_ŸŘǼÌsNŸŎƼŘɴ˅ǣɠsEǣÞǼsŘ_OŘEsOOsǣǣs_Ǽ
ǼÌsɠsEĶÞŘĨƼǋŸɚÞ_s_EsĶŸɠʲ ɚÞÞÞʺ OŸŘǼǋÞEȖǼÞŸŘ ǼŸ ǼÌs ƻǋÞŎs ōÞŘÞǣǼsǋ˅ǣ ŗǼÞŸŘĶ ǊsĶÞs¯
®ȖŘ_ Ÿǋ Řɴ ŸǼÌsǋ ¯ȖŘ_ ǣsǼ ȖƼ Eɴ ǼÌs NsŘǼǋĶ
ÌǼǼƼʲˀˀɠɠɠʳĠɴŸǼÌɴĶEŸǋǼŸǋÞsǣʳOŸŎˀ_ŎÞŘˀ_ŸOǣˀğĵĵ µŸɚsǋŘŎsŘǼ ¯Ÿǋ ǣŸOÞŸ˚sOŸŘŸŎÞO _sɚsĶŸƼŎsŘǼ Ř_
NǢǊ̇ˡ˟ƻŸĶÞOɴ̬ɟsEǣÞǼsʳƼ_¯ ǋsĶÞs¯ Ř_ ɠsĶ¯ǋs Ÿ¯ ǼÌs ǢOÌs_ȖĶs_ NǣǼsǣʰ ǼÌs
ǢOÌs_ȖĶs_ ǻǋÞEsǣʰ ŸǼÌsǋ EOĨɠǋ_ OĶǣǣsǣʰ ŎÞŘŸǋÞǼÞsǣ
ǻÌs NŸŎƼŘɴ Ìǣ ȖŘ_sǋǼĨsŘ ƼǋŸĠsOǼǣ ÞŘ ǼÌs ǣĶȖŎ ǋs Ř_ɠŸŎsŘʱ
_sɚsĶŸƼŎsŘǼʰǣŘÞǼǼÞŸŘŘ_ƼǋŸŎŸǼÞŘ¶s_ȖOǼÞŸŘǣƼǋǼ
Ÿ¯ ÞǼǣ NǢǊ ÝŘÞǼÞǼÞɚs ¯Ÿǋ ǼÌs ʩŘŘOÞĶ ɴsǋ ˡ˟ˠˤ˚ˠ˥ʳ ǻÌs Þɮʺ OŸŘǼǋÞEȖǼÞŸŘǣ Ÿǋ ¯ȖŘ_ǣ ƼǋŸɚÞ_s_ ǼŸ ǼsOÌŘŸĶŸ¶ɴ
OǼÞɚÞǼÞsǣ Ř_ ¯ȖŘ_ÞŘ¶ ǋs ŎŸŘÞǼŸǋs_ ÞŘǼsǋŘĶĶɴ Eɴ ǼÌs ÞŘOȖEǼŸǋǣĶŸOǼs_ɠÞǼÌÞŘO_sŎÞOÞŘǣǼÞǼȖǼÞŸŘǣɠÌÞOÌ
NŸŎƼŘɴʳǻÌsNŸŎƼŘɴÌǣÞ_sŘǼÞʩs_ǼÌs¯ŸĶĶŸɠÞŘ¶ʩsĶ_ǣ ǋsƼƼǋŸɚs_EɴǼÌsNsŘǼǋĶµŸɚsǋŘŎsŘǼʱ
Ÿ¯ŸƼsǋǼÞŸŘ¯ŸǋǣƼsŘ_ÞŘ¶Ÿ¯sɮƼsŘ_ÞǼȖǋsǼŸɠǋ_ǣNǢǊʲ
ɮʺ ǋȖǋĶ_sɚsĶŸƼŎsŘǼƼǋŸĠsOǼǣʱ
Þʺ sǋ_ÞOǼÞŘ¶ ÌȖŘ¶sǋʰ ƼŸɚsǋǼɴ Ř_ ŎĶŘȖǼǋÞǼÞŸŘʰ
ƼǋŸŎŸǼÞŘ¶ƼǋsɚsŘǼÞɚsÌsĶǼÌOǋsÞŘOĶȖ_ÞŘ¶ǣŘÞǼǼÞŸŘ ɮÞʺ ǣĶȖŎǋs_sɚsĶŸƼŎsŘǼʱ
Ř_ŎŸǋsƼǋǼÞOȖĶǋĶɴOŸŘǼǋÞEȖǼÞŸŘǼŸǼÌsǢɠOÌDÌǋǼ
ɮÞÞʺ ǣȖOÌŸǼÌsǋƼǋŸĠsOǼǣǣŎɴEsǣƼsOÞʩs_EɴǼÌsNsŘǼǋĶ
ħŸǣÌ ǣsǼ˚ȖƼ Eɴ ǼÌs NsŘǼǋĶ µŸɚsǋŘŎsŘǼ ¯Ÿǋ ǼÌs
µŸɚsǋŘŎsŘǼ¯ǋŸŎǼÞŎsǼŸǼÞŎsʳ
ƼǋŸŎŸǼÞŸŘ Ÿ¯ ǣŘÞǼǼÞŸŘ Ř_ ŎĨÞŘ¶ ɚÞĶEĶs ǣ¯s
_ǋÞŘĨÞŘ¶ɠǼsǋʱ ˡʳ ǻÌsNŸŎƼŸǣÞǼÞŸŘŸ¯ǼÌsNǢǊNŸŎŎÞǼǼssʲ
ÞÞʺ ƼǋŸŎŸǼÞŘ¶ s_ȖOǼÞŸŘʰ ÞŘOĶȖ_ÞŘ¶ ǣƼsOÞĶ s_ȖOǼÞŸŘ ōǋʳōʳƻʳǊŎOÌŘ_ǋŘʰNÌÞǋŎŘʹNÌÞǋŎŘ˓ōŘ¶ÞŘ¶

Ř_ sŎƼĶŸɴŎsŘǼ sŘÌŘOÞŘ¶ ɚŸOǼÞŸŘ ǣĨÞĶĶǣ sǣƼsOÞĶĶɴ ^ÞǋsOǼŸǋʺ
ŎŸŘ¶ OÌÞĶ_ǋsŘʰ ɠŸŎsŘʰ sĶ_sǋĶɴʰ Ř_ ǼÌs _Þ¯¯sǋsŘǼĶɴ
EĶs_Ř_ĶÞɚsĶÞÌŸŸ_sŘÌŘOsŎsŘǼƼǋŸĠsOǼǣʱ ōǋʳħʳƻʳƻ_ŎĨȖŎǋʰōsŎEsǋʹÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋʺ
ÞÞÞʺ ƼǋŸŎŸǼÞŘ¶ ¶sŘ_sǋ sǇȖĶÞǼɴʰ sŎƼŸɠsǋÞŘ¶ ɠŸŎsŘʰ ōǣʳōʳǊʳğɴŸǼÌɴʰōsŎEsǋʹɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋʺ

ǣsǼǼÞŘ¶ȖƼÌŸŎsǣŘ_ÌŸǣǼsĶǣ¯ŸǋɠŸŎsŘŘ_ŸǋƼÌŘǣʱ
ǣsǼǼÞŘ¶ȖƼŸĶ_¶sÌŸŎsǣʰ_ɴOǋsOsŘǼǋsǣŘ_ǣȖOÌ ˢʳ ɚsǋ¶sŘsǼƼǋŸʩǼŸ¯ǼÌsNŸŎƼŘɴ¯ŸǋĶǣǼǼÌǋss®ÞŘŘOÞĶ
ŸǼÌsǋ ¯OÞĶÞǼÞsǣ ¯Ÿǋ ǣsŘÞŸǋ OÞǼÞʊsŘǣ Ř_ ŎsǣȖǋsǣ ¯Ÿǋ ɴsǋǣʲ`˨˦ʳ˥ˤNǋŸǋs
ǋs_ȖOÞŘ¶ÞŘsǇȖĶÞǼÞsǣ¯Os_EɴǣŸOÞĶĶɴŘ_sOŸŘŸŎÞOĶĶɴ
ˣʳ ƻǋsǣOǋÞEs_NǢǊsɮƼsŘ_ÞǼȖǋsʹǼɠŸƼsǋOsŘǼŸ¯ǼÌsŎŸȖŘǼǣ
EOĨɠǋ_¶ǋŸȖƼǣʱ
ÞŘÞǼsŎˢEŸɚsʺʲ`ˠ˨ˤʳˢ˟ĵOǣ
Þɚʺ sŘǣȖǋÞŘ¶ sŘɚÞǋŸŘŎsŘǼĶ ǣȖǣǼÞŘEÞĶÞǼɴʰ sOŸĶŸ¶ÞOĶ
ˤʳ ^sǼÞĶǣŸ¯NǢǊǣƼsŘǼ_ȖǋÞŘ¶ǼÌs®ÞŘŘOÞĶɳsǋˡ˟ˠˤ˚ˠ˥
EĶŘOsʰƼǋŸǼsOǼÞŸŘŸ¯ʪŸǋŘ_¯ȖŘʰŘÞŎĶɠsĶ¯ǋsʰ
¶ǋŸ¯ŸǋsǣǼǋɴʰ OŸŘǣsǋɚǼÞŸŘ Ÿ¯ ŘǼȖǋĶ ǋsǣŸȖǋOsǣ Ř_ ʺ ǻŸǼĶ ŎŸȖŘǼ ǼŸ Es ǣƼsŘǼ ¯Ÿǋ ǼÌs ®ÞŘŘOÞĶ ɴsǋʲ
ŎÞŘǼÞŘÞŘ¶ ǇȖĶÞǼɴ Ÿ¯ ǣŸÞĶʰ Þǋ Ř_ ɠǼsǋ ÞŘOĶȖ_ÞŘ¶ `ˠ˨ˤʳˢ˟ĵOǣ
OŸŘǼǋÞEȖǼÞŸŘ ǼŸ ǼÌs NĶsŘ µŘ¶ ®ȖŘ_ ǣsǼ˚ȖƼ Eɴ ǼÌs
NsŘǼǋĶµŸɚsǋŘŎsŘǼ¯ŸǋǋsĠȖɚsŘǼÞŸŘŸ¯ǋÞɚsǋµŘ¶ʱ Eʺ ŎŸȖŘǼȖŘǣƼsŘǼʰÞ¯Řɴʲ`˥ʳ˟˦ĵOǣ
ɚʺ ƼǋŸǼsOǼÞŸŘŸ¯ŘǼÞŸŘĶÌsǋÞǼ¶sʰǋǼŘ_OȖĶǼȖǋsÞŘOĶȖ_ÞŘ¶ Oʺ ōŘŘsǋÞŘɠÌÞOÌǼÌsŎŸȖŘǼǣƼsŘǼ_ȖǋÞŘ¶ǼÌsʩŘŘOÞĶ

ǋsǣǼŸǋǼÞŸŘ Ÿ¯ EȖÞĶ_ÞŘ¶ǣ Ř_ ǣÞǼsǣ Ÿ¯ ÌÞǣǼŸǋÞOĶ ɴsǋ_sǼÞĶs_EsĶŸɠʲ
Corporate Overview Performance Governance Financial Statements ˥ˤ
ǻÌs_sǼÞĶǣǋsǣȖŘ_sǋʲ (`ÞŘĵOǣʺ
(1) (2) (3) (4) (5) (6) (7) (8)
Sr. CSR Project Sector in Projects or Amount outlay Amount spent Cumulative Amount
No or activity which the programs (budget) on the projects expenditure spent: Direct
Þ_sŘǼÞʩs_ project is 1) Local area or projects or or programs upto the or through
covered other programs wise Sub-heads: reporting implementing
2) Specify 1) Direct period agency
the State and expenditure
district where on projects
projects or 2) Overheads
programs were
undertaken
1 DȖÞĶ_ÞŘ¶Ÿ¯ Sanitation ǻǋÞOÌȖǋ^ÞǣǼǋÞOǼʰ ˠˡʳ˦˧ ˠˤʳˣ˧ ˠˤʳˣ˧ ^ÞǋsOǼ
ǼŸÞĶsǼǣÞŘǢOÌŸŸĶ Kerala
ˡ ǢĶȖŎǋs ǢĶȖŎǋs ǻǋÞOÌȖǋ^ÞǣǼǋÞOǼʰ ˠ˦˦ʳˤˡ ˠ˥˧ʳ˦ˤ ˠ˥˧ʳ˦ˤ ^ÞǋsOǼ
^sɚsĶŸƼŎsŘǼÞŘ ^sɚsĶŸƼŎsŘǼ Kerlala
_ÞɚǣÞǋs
ˢ Promotion of ƻǋŸŎŸǼÞŘ¶ ħǋÞĨĶʰ ˤʳ˟˟ ˤʳ˟˟ ˤʳ˟˟ ǻǋȖǣǼ
r_ȖOǼÞŸŘ r_ȖOǼÞŸŘ ƻȖ_ȖOÌsǋǋɴ
ʹǻÌǋŸȖ¶ÌōŸǋĶ
r_ȖOǼÞŸŘ˓
NÌǋÞǼEĶs
ǻǋȖǣǼʺ
ˠ˨ˤʳˢ˟ ˠ˧˨ʳˡˢ ˠ˧˨ʳˡˢ
˥ʺ ÝŘOǣsǼÌsNŸŎƼŘɴÌǣ¯ÞĶs_ǼŸǣƼsŘ_ǼÌsǼɠŸƼsǋOsŘǼ ˦ʺ ǻÌs NÌÞǋŎŘ Ÿ¯ ǼÌs NǢǊ OŸŎŎÞǼǼss Ìǣ ¶ÞɚsŘ
Ÿ¯ ǼÌs ɚsǋ¶s ŘsǼ ƼǋŸʩǼ Ÿ¯ ǼÌs ĶǼsǣǼ ®ÞŘŘOÞĶ ɳsǋǣ ǋsǣƼŸŘǣÞEÞĶÞǼɴǣǼǼsŎsŘǼŸŘEsÌĶ¯Ÿ¯ǼÌsNǢǊNŸŎŎÞǼǼss
ŸǋŘɴƼǋǼǼÌsǋsŸ¯ǼÌsNŸŎƼŘɴǣÌĶĶƼǋŸɚÞ_sǼÌsǋsǣŸŘ¯Ÿǋ ǼÌǼ ǼÌs ÞŎƼĶsŎsŘǼǼÞŸŘ Ř_ ŎŸŘÞǼŸǋÞŘ¶ Ÿ¯ NǢǊ ƻŸĶÞOɴ
ŘŸǼǣƼsŘ_ÞŘ¶ǼÌsŎŸȖŘǼÞŘÞǼǣDŸǋ_ǋsƼŸǋǼʲ Þǣ ÞŘ OŸŎƼĶÞŘOs ɠÞǼÌ NǢǊ ŸEĠsOǼÞɚsǣ Ř_ ƼŸĶÞOɴ Ÿ¯ ǼÌs
NŸŎƼŘɴʳ
ǻÌsNŸŎƼŘɴɠǣǋsǇȖÞǋs_ǼŸǣƼsŘ_`ˠ˨ˤʳˢ˟ĵOǣʹˡ̇Ÿ¯
ǼÌsɚsǋ¶sŘsǼƼǋŸʩǼǣŸ¯ĶǣǼǼÌǋssʩŘŘOÞĶɴsǋǣʺŸŘNǢǊ
OǼÞɚÞǼÞsǣ_ȖǋÞŘ¶ǼÌsʩŘŘOÞĶɴsǋˡ˟ˠˤ˚ˠ˥ʳOOŸǋ_ÞŘ¶ĶɴʰǼÌs
NŸŎƼŘɴÌǣǣƼsŘǼ`ˠ˧˨ʳˡˢĵOǣŸŘNǢǊOǼÞɚÞǼÞsǣ_ȖǋÞŘ¶
ǼÌs ʩŘŘOÞĶ ɴsǋ ˡ˟ˠˤ˚ˠ˥ Ř_ ǼÌs EĶŘOs ŎŸȖŘǼ Ÿ¯ For and on behalf of the Board of Directors
`˥ʳ˟˦ĵOɠÞĶĶEsǣƼsŘǼ_ȖǋÞŘ¶ǼÌs®ÞŘŘOÞĶɳsǋˡ˟ˠ˥˚ˠ˦¯Ÿǋ For Jyothy Laboratories Limited
ÌŸȖǣÞŘ¶ÞŘ_ÞɚǣÞǋsŸ¯ǻǋÞOÌȖǋ^ÞǣǼǋÞOǼʳǻÌsǣÞ_ƼǋŸĠsOǼǣ
EsÞŘ¶OŸŘǣǼǋȖOǼÞŸŘƼǋŸĠsOǼǣÌɚsǼÞŎsĶÞŘsʳ M. P. Ramachandran
Chairman & Managing Director

ŘsɮƼsŘ_ÞǼȖǋsŸ¯`ˣˤʳˤ˨ĵOɠÌÞOÌǣǼŸŸ_OŸŎŎÞǼǼs_¯ǋŸŎ
and Chairman- CSR Committee
ǼÌsƼǋsɚÞŸȖǣʩŘŘOÞĶɴsǋǼŸɠǋ_ǣǢĶȖŎǋs_sɚsĶŸƼŎsŘǼ
(DIN: 00553406)
ÞŘ_ÞɚǣÞǋsŸ¯ǻǋÞOÌȖǋ^ÞǣǼǋÞOǼʹ`ˠˠʳˠ˥ĵOʺŘ_DȖÞĶ_ÞŘ¶
Ÿ¯ǼŸÞĶsǼǣÞŘǣOÌŸŸĶÞŘǻǋÞOÌȖǋ^ÞǣǼǋÞOǼʹ`ˢˣʳˣˢĵOʺɠǣǣƼsŘǼ ōȖŎEÞʰ
¯ŸǋǼÌsǣŎsƼȖǋƼŸǣs_ȖǋÞŘ¶ǼÌsʩŘŘOÞĶɴsǋˡ˟ˠˤ˚ˠ˥ʳ ōɴˡˢʰˡ˟ˠ˥
Particulars of Loans, Guarantees and Investments

ŎŸȖŘǼŸȖǼǣǼŘ_ÞŘ¶ǣǼōǋOÌˢˠʰˡ˟ˠ˥
Particulars Amount
(` in Crore)
ĵŸŘǣ¶ÞɚsŘ ˣ˦ˡʳˤ˟
µȖǋŘǼss¶ÞɚsŘˎ ˤˣʳˡ˨
ÝŘɚsǣǼŎsŘǼǣŎ_s
Current ˥˥ʳˡˣ
ŗŸŘ˚NȖǋǋsŘǼ ˡˣˢʳˠˢ
ˎNŸǋƼŸǋǼs¶ȖǋŘǼss¶ÞɚsŘ`˥˥ʳˠˡNǋŸǋsǣ˓ʩŘŘOÞĶsɮƼŸǣȖǋs`ˤˣʳˡ˨NǋŸǋsǣ
Name of Entity Relation Amount (` In Crore) Particulars of loan, guarantee Purpose for which the loans,
and investments guarantee and investments
are proposed to be utilized
ğɴŸǼÌɴNŸŘǣȖŎsǋ ǢȖEǣÞ_Þǋɴ ˢ˨ʳ˟˟ Loan ŗŸ __ÞǼÞŸŘĶ ĶŸŘ Ìǣ EssŘ
ƻǋŸ_ȖOǼǣōǋĨsǼÞŘ¶ ¶ÞɚsŘ _ȖǋÞŘ¶ ǼÌs ɴsǋʳ ǻÌs
ĵÞŎÞǼs_ʹğNƻōĵʺ ÞŘOǋsǣsÞǣŸŘOOŸȖŘǼŸ¯ȖŘƼÞ_
ÞŘǼsǋsǣǼ__s_ǼŸǼÌsĶŸŘ¶ÞɚsŘ
Ř_ĶŸŘǼǋŘǣ¯sǋǋs_ŸŘOOŸȖŘǼ
Ÿ¯ Ŏsǋ¶sǋ Ÿ¯ ǣǣŸOÞǼs_
ÝŘ_ȖǣǼǋÞsǣ NŸŘǣȖŎsǋ ƻǋŸ_ȖOǼǣ
ƻǋÞɚǼsĵÞŎÞǼs_ɠÞǼÌğNƻōĵ
ōˀǣğ®Ǣĵ˛ğĵĵʹğəʺ ğŸÞŘǼəsŘǼȖǋs ˟ʳ˟ˤ Investment DȖǣÞŘsǣǣƻȖǋƼŸǣsʳ

M. P. Ramachandran
(DIN: 00553406)
ōȖŎEÞʰōɴˡˢʰˡ˟ˠ˥
Corporate Overview Performance Governance Financial Statements ˥˦
SECRETARIAL AUDIT REPORT

ʻƻȖǋǣȖŘǼǼŸǢsOǼÞŸŘˡ˟ˣʹˠʺŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢŘ_ǊȖĶsŗŸʳ˨Ÿ¯ǼÌsNŸŎƼŘÞsǣ
ʹƼƼŸÞŘǼŎsŘǼŘ_ǊsŎȖŘsǋǼÞŸŘŸ¯ōŘ¶sǋÞĶƻsǋǣŸŘŘsĶʺǊȖĶsǣʰˡ˟ˠˣʼ
FOR THE FINANCIAL YEAR ENDED 31ST MARCH 2016
ǻŸ ʹs¯¯sOǼÞɚsȖƼǼŸˠˣǼÌōɴˡ˟ˠˤʺŘ_ǼÌsǢsOȖǋÞǼÞsǣ
ǻÌsōsŎEsǋǣ Ř_ rɮOÌŘ¶s DŸǋ_ Ÿ¯ ÝŘ_Þ ʹƻǋŸÌÞEÞǼÞŸŘ Ÿ¯
JYOTHY LABORATORIES LIMITED ÝŘǣÞ_sǋ ǻǋ_ÞŘ¶ʺ Ǌs¶ȖĶǼÞŸŘǣʰ ˡ˟ˠˤ ʹɠÞǼÌ s¯¯sOǼ
˄ȕĠĶËŸȖǣs˅ʰǊŎĨǋÞǣÌŘōŘ_ÞǋǊŸ_ʰ ¯ǋŸŎˠˤǼÌōɴˡ˟ˠˤʺʱ
ħŸŘ_ÞɚÞǼʰŘ_ÌsǋÞʹrǣǼʺʰ
ōȖŎEÞ˚ˣ˟˟˟ˤ˨ ÞÞʳ ǻÌs ǢsOȖǋÞǼÞsǣ Ř_ rɮOÌŘ¶s DŸǋ_ Ÿ¯ ÝŘ_Þ ʹǢÌǋs
Dǣs_rŎƼĶŸɴssDsŘsʩǼǣʺǊs¶ȖĶǼÞŸŘǣʰˡ˟ˠˣʱ
^sǋǢÞǋǣʰ
ɟs Ìɚs OŸŘ_ȖOǼs_ ǼÌs ǣsOǋsǼǋÞĶ Ȗ_ÞǼ Ÿ¯ ǼÌs OŸŎƼĶÞŘOs ÞÞÞʳ ǻÌs ǢsOȖǋÞǼÞsǣ Ř_ rɮOÌŘ¶s DŸǋ_ Ÿ¯ ÝŘ_Þ
Ÿ¯ ƼƼĶÞOEĶs ǣǼǼȖǼŸǋɴ ƼǋŸɚÞǣÞŸŘǣ Ř_ ǼÌs _ÌsǋsŘOs ǼŸ ¶ŸŸ_ ʹǢȖEǣǼŘǼÞĶ OǇȖÞǣÞǼÞŸŘ Ÿ¯ ǢÌǋsǣ Ř_ ǻĨsŸɚsǋǣʺ
OŸǋƼŸǋǼs¶ŸɚsǋŘŘOsƼǋOǼÞOsEɴJyothy Laboratories Limited Ǌs¶ȖĶǼÞŸŘǣʰˡ˟ˠˠʱ
ʹÌsǋsÞŘ¯Ǽsǋ OĶĶs_ ˆthe Companyˇʺʳ ǻÌs ǢsOǋsǼǋÞĶ Ȗ_ÞǼ ɠǣ
OŸŘ_ȖOǼs_ÞŘŎŘŘsǋǼÌǼƼǋŸɚÞ_s_ȖǣǋsǣŸŘEĶsEǣÞǣ¯Ÿǋ Þɚʳ ǻÌs ǢsOȖǋÞǼÞsǣ Ř_ rɮOÌŘ¶s DŸǋ_ Ÿ¯ ÝŘ_Þ ʹÝǣǣȖs
sɚĶȖǼÞŘ¶ ǼÌs OŸǋƼŸǋǼs OŸŘ_ȖOǼǣ ˀ ǣǼǼȖǼŸǋɴ OŸŎƼĶÞŘOsǣ Ř_ Ř_ĵÞǣǼÞŘ¶Ÿ¯^sEǼǢsOȖǋÞǼÞsǣʺǊs¶ȖĶǼÞŸŘǣʰˡ˟˟˧ʱ
sɮƼǋsǣǣÞŘ¶ŸȖǋŸƼÞŘÞŸŘǼÌsǋsŸŘʳ
ˡʳ ƻǋŸɚÞǣÞŸŘǣ Ÿ¯ ǼÌs ¯ŸĶĶŸɠÞŘ¶ Ǌs¶ȖĶǼÞŸŘǣ Ř_ µȖÞ_sĶÞŘsǣ
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ǼÌs NŸŎƼŘɴ Ìǣʰ _ȖǋÞŘ¶ ǼÌs ʩŘŘOÞĶ ɴsǋ sŘ_s_ ˢˠst ōǋOÌʰ
ˡ˟ˠ˥ʰ OŸŎƼĶÞs_ ɠÞǼÌ ǼÌs ǣǼǼȖǼŸǋɴ ƼǋŸɚÞǣÞŸŘǣ ĶÞǣǼs_ ÌsǋsȖŘ_sǋ ÞÞʳ ǻÌsǢsOȖǋÞǼÞsǣŘ_rɮOÌŘ¶sDŸǋ_Ÿ¯ÝŘ_ÞʹDȖɴEOĨŸ¯
Ř_ ĶǣŸ ǼÌǼ ǼÌs NŸŎƼŘɴ Ìǣ ƼǋŸƼsǋ DŸǋ_ ƼǋŸOsǣǣsǣ Ř_ ǢsOȖǋÞǼÞsǣʺǊs¶ȖĶǼÞŸŘǣʰˠ˨˨˧ʱ
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ǼŸ ÝǣǣȖs Ř_ ǢÌǋs ǻǋŘǣ¯sǋ ¶sŘǼǣʺ Ǌs¶ȖĶǼÞŸŘǣʰ
ˠʳ ɟs Ìɚs sɮŎÞŘs_ ǼÌs EŸŸĨǣʰ ƼƼsǋǣʰ ŎÞŘȖǼs EŸŸĨǣʰ
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OĶÞsŘǼʱŘ_
ğɴŸǼÌɴ ĵEŸǋǼŸǋÞsǣ ĵÞŎÞǼs_ ʹˆǼÌs NŸŎƼŘɴˇʺ ǣ ¶ÞɚsŘ ÞŘ
ŘŘsɮȖǋsÝʰ¯ŸǋǼÌsʩŘŘOÞĶɴsǋsŘ_s_ŸŘˢˠstōǋOÌʰˡ˟ˠ˥ʰ
Þɚʳ ǻÌs ǢsOȖǋÞǼÞsǣ Ř_ rɮOÌŘ¶s DŸǋ_ Ÿ¯ ÝŘ_Þ ʹÝǣǣȖs Ÿ¯
OOŸǋ_ÞŘ¶ǼŸǼÌsƼǋŸɚÞǣÞŸŘǣŸ¯ʲ
NƼÞǼĶŘ_^ÞǣOĶŸǣȖǋsǊsǇȖÞǋsŎsŘǼǣʺǊs¶ȖĶǼÞŸŘǣʰˡ˟˟˨ʳ
ʹÞʺ ǻÌsNŸŎƼŘÞsǣOǼʰˠ˨ˤ˥Ř_ˀŸǋǼÌsNŸŎƼŘÞsǣOǼʰ
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Ř_ ǼÌs ǋȖĶsǣ Ř_ ǋs¶ȖĶǼÞŸŘǣ Ŏ_s ǼÌsǋs ȖŘ_sǋ ǼŸ ǼÌs
ʹÞÞʺ ǻÌsǢsOȖǋÞǼÞsǣNŸŘǼǋOǼǣʹǊs¶ȖĶǼÞŸŘʺOǼʰˠ˨ˤ˥ʹ˄ǢNǊ˅ʺ
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Ř_ǼÌsǋȖĶsǣŎ_sǼÌsǋsȖŘ_sǋʱ
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ʹÞÞÞʺ ǻÌs ^sƼŸǣÞǼŸǋÞsǣ OǼʰ ˠ˨˨˥ Ř_ ǼÌs Ǌs¶ȖĶǼÞŸŘǣ Ř_
Dɴs˚Ķɠǣ¯ǋŎs_ǼÌsǋsȖŘ_sǋʱ ˣʳ ɟs ¯ȖǋǼÌsǋ ǋsƼŸǋǼ ǼÌǼʰ ÌɚÞŘ¶ ǋs¶ǋ_ ǼŸ ǼÌs OŸŎƼĶÞŘOs
ǣɴǣǼsŎ ƼǋsɚÞĶÞŘ¶ ÞŘ ǼÌs NŸŎƼŘɴ Ř_ ŸŘ sɮŎÞŘǼÞŸŘ Ÿ¯
ʹÞɚʺ ®ŸǋsÞ¶Ř rɮOÌŘ¶s ōŘ¶sŎsŘǼ OǼʰ ˠ˨˨˨ Ř_ ǼÌs ǼÌsǋsĶsɚŘǼ_ŸOȖŎsŘǼǣŘ_ǋsOŸǋ_ǣÞŘƼȖǋǣȖŘOsǼÌsǋsŸ¯ʰ
ǋȖĶsǣŘ_ǋs¶ȖĶǼÞŸŘǣŎ_sǼÌsǋsȖŘ_sǋǼŸǼÌssɮǼsŘǼ ŸŘǼsǣǼ˚OÌsOĨEǣÞǣʰǼÌsNŸŎƼŘɴÌǣOŸŎƼĶÞs_ɠÞǼÌŸǼÌsǋ
Ÿ¯ ®ŸǋsÞ¶Ř ^ÞǋsOǼ ÝŘɚsǣǼŎsŘǼ Ř_ ŷɚsǋǣsǣ ^ÞǋsOǼ OǼǣʰ ĵɠǣ Ř_ Ǌs¶ȖĶǼÞŸŘǣ ƼƼĶÞOEĶs ǣƼsOÞʩOĶĶɴ ǼŸ ǼÌs
ÝŘɚsǣǼŎsŘǼʱ NŸŎƼŘɴǣŎsŘǼÞŸŘs_ÌsǋsȖŘ_sǋʲ
Þʳ ĵs¶ĶōsǼǋŸĶŸ¶ɴOǼʰˡ˟˟˨ʱ
ʹɚʺ ǻÌs ¯ŸĶĶŸɠÞŘ¶ Ǌs¶ȖĶǼÞŸŘǣ Ř_ µȖÞ_sĶÞŘsǣ ƼǋsǣOǋÞEs_
ȖŘ_sǋǼÌsǢsOȖǋÞǼÞsǣŘ_rɮOÌŘ¶sDŸǋ_Ÿ¯ÝŘ_ÞOǼʰ
ÞÞʳ ĵs¶ĶōsǼǋŸĶŸ¶ɴʹƻOĨ¶s_NŸŎŎŸ_ÞǼÞsǣʺǊȖĶsǣʰˡ˟ˠˠʱ
ˠ˨˨ˡʹ˄ǢrDÝOǼ˅ʺʲ˚
Þʳ ǻÌs ǢsOȖǋÞǼÞsǣ Ř_ rɮOÌŘ¶s DŸǋ_ Ÿ¯ ÝŘ_Þ ÞÞÞʳ rŘɚÞǋŸŘŎsŘǼʻƻǋŸǼsOǼÞŸŘʼOǼʰˠ˨˧˥ʱ
ʹƻǋŸÌÞEÞǼÞŸŘŸ¯ÝŘǣÞ_sǋǻǋ_ÞŘ¶ʺǊs¶ȖĶǼÞŸŘǣʰˠ˨˨ˡ
˥˧ Jyothy Laboratories Limited
Þɚʳ Ëʊǋ_ŸȖǣɟǣǼsǣʻōŘ¶sŎsŘǼŘ_ËŘ_ĶÞŘ¶ʼǊȖĶsǣʰ ŸEǼÞŘÞŘ¶ ¯ȖǋǼÌsǋ ÞŘ¯ŸǋŎǼÞŸŘ Ř_ OĶǋÞʩOǼÞŸŘǣ ŸŘ ǼÌs ¶sŘ_
ˠ˨˧˨ʱ ÞǼsŎǣEs¯ŸǋsǼÌsŎssǼÞŘ¶Ř_¯ŸǋŎsŘÞŘ¶¯ȖĶƼǋǼÞOÞƼǼÞŸŘǼǼÌs
ŎssǼÞŘ¶ʳ
ɚʳ ÝŘǣsOǼÞOÞ_sǣOǼʰˠ˨˥˧ʱ
ōĠŸǋÞǼɴ_sOÞǣÞŸŘÞǣOǋǋÞs_ǼÌǋŸȖ¶ÌɠÌÞĶsǼÌs_ÞǣǣsŘǼÞŘ¶ŎsŎEsǋǣ˅
ɚÞʳ ^ǋȖ¶ǣŘ_NŸǣŎsǼÞOǣOǼʰˠ˨ˣ˟ʱ ɚÞsɠǣʰÞ¯ŘɴʰǋsOƼǼȖǋs_Ř_ǋsOŸǋ_s_ǣƼǋǼŸ¯ǼÌsŎÞŘȖǼsǣʳ
ɟs Ìɚs ĶǣŸ sɮŎÞŘs_ OŸŎƼĶÞŘOs ɠÞǼÌ ǼÌs ƼƼĶÞOEĶs ɟs¯ȖǋǼÌsǋǋsƼŸǋǼǼÌǼǼÌsǋsǋs_sǇȖǼsǣɴǣǼsŎǣŘ_ƼǋŸOsǣǣsǣ
OĶȖǣsǣŸ¯ǼÌs¯ŸĶĶŸɠÞŘ¶ʲ ÞŘǼÌsNŸŎƼŘɴOŸŎŎsŘǣȖǋǼsɠÞǼÌǼÌsǣÞʊsŘ_ŸƼsǋǼÞŸŘǣŸ¯
ǼÌsNŸŎƼŘɴǼŸŎŸŘÞǼŸǋŘ_sŘǣȖǋsOŸŎƼĶÞŘOsɠÞǼÌƼƼĶÞOEĶs
ʹÞʺ ǢsOǋsǼǋÞĶ ǢǼŘ_ǋ_ǣ ÞǣǣȖs_ Eɴ ǼÌs ÝŘǣǼÞǼȖǼs Ÿ¯
ĶɠǣʰǋȖĶsǣʰǋs¶ȖĶǼÞŸŘǣŘ_¶ȖÞ_sĶÞŘsǣʳ
NŸŎƼŘɴǢsOǋsǼǋÞsǣŸ¯ÝŘ_ÞȖŘ_sǋǼÌsƼǋŸɚÞǣÞŸŘǣŸ¯
NŸŎƼŘÞsǣOǼʰˡ˟ˠˢʱŘ_ ɟs¯ȖǋǼÌsǋǋsƼŸǋǼǼÌǼ_ȖǋÞŘ¶ǼÌsɴsǋȖŘ_sǋǋsƼŸǋǼʰǼÌsNŸŎƼŘɴ
ÌǣŘŸǼȖŘ_sǋǼĨsŘŘɴsɚsŘǼˀOǼÞŸŘɠÌÞOÌɠŸȖĶ_ÌɚsŎĠŸǋ
ʹÞÞʺ ǻÌsĵÞǣǼÞŘ¶¶ǋssŎsŘǼǣsŘǼsǋs_ÞŘǼŸEɴǼÌsNŸŎƼŘɴ EsǋÞŘ¶ ŸŘ ǼÌs NŸŎƼŘɴ˅ǣ ¯¯Þǋǣ ÞŘ ƼȖǋǣȖŘOs Ÿ¯ ǼÌs EŸɚs
ɠÞǼÌǢǼŸOĨrɮOÌŘ¶sʹǣʺʹs¯¯sOǼÞɚsȖƼǼŸˢ˟ǼÌŗŸɚsŎEsǋʰ ǋs¯sǋǋs_ Ķɠǣʰ ǋȖĶsǣʰ ǋs¶ȖĶǼÞŸŘǣʰ ¶ȖÞ_sĶÞŘsǣʰ ǣǼŘ_ǋ_ǣʰ sǼOʳ
ˡ˟ˠˤʺŘ_ǼÌsǢsOȖǋÞǼÞsǣŘ_rɮOÌŘ¶sDŸǋ_Ÿ¯ÝŘ_Þ ǋs¯sǋǋs_ǼŸEŸɚsʳ
ʹĵÞǣǼÞŘ¶ ŷEĶÞ¶ǼÞŸŘǣ Ř_ ^ÞǣOĶŸǣȖǋs ǊsǇȖÞǋsŎsŘǼǣʺ
Ǌs¶ȖĶǼÞŸŘǣʰˡ˟ˠˤʹs¯¯sOǼÞɚs¯ǋŸŎˠst^sOsŎEsǋʰˡ˟ˠˤʺʱ
For RATHI & ASSOCIATES
^ȖǋÞŘ¶ ǼÌs ʩŘŘOÞĶ ɴsǋ ȖŘ_sǋ ǋsƼŸǋǼʰ ǼÌs NŸŎƼŘɴ Ìǣ
COMPANY SECRETARIES
OŸŎƼĶÞs_ɠÞǼÌǼÌsƼǋŸɚÞǣÞŸŘǣŸ¯ǼÌsOǼʰǊȖĶsǣʰǊs¶ȖĶǼÞŸŘǣʰ
µȖÞ_sĶÞŘsǣʰǢǼŘ_ǋ_ǣʰsǼOʳŎsŘǼÞŸŘs_EŸɚsʳ
HIMANSHU S. KAMDAR
We further report that: PARTNER
FCS No. 5171
ǻÌs DŸǋ_ Ÿ¯ ^ÞǋsOǼŸǋǣ Ÿ¯ ǼÌs NŸŎƼŘɴ Þǣ _ȖĶɴ OŸŘǣǼÞǼȖǼs_ ɠÞǼÌ COP No. 3030
ƼǋŸƼsǋ EĶŘOs Ÿ¯ rɮsOȖǼÞɚs ^ÞǋsOǼŸǋǣʰ ŗŸŘ˚rɮsOȖǼÞɚs ^ÞǋsOǼŸǋǣ
Ř_ ÝŘ_sƼsŘ_sŘǼ ^ÞǋsOǼŸǋǣʳ ŗŸ OÌŘ¶sǣ ÞŘ ǼÌs OŸŎƼŸǣÞǼÞŸŘ Ÿ¯
ƻĶOsʲōȖŎEÞ
ǼÌsDŸǋ_Ÿ¯^ÞǋsOǼŸǋǣǼŸŸĨƼĶOs_ȖǋÞŘ¶ǼÌsʩŘŘOÞĶɴsǋȖŘ_sǋ
^Ǽsʲōɴˡˢʰˡ˟ˠ˥
ǋsƼŸǋǼʳ
_sǇȖǼsŘŸǼÞOsÞǣ¶ÞɚsŘǼŸĶĶ_ÞǋsOǼŸǋǣǼŸǣOÌs_ȖĶsǼÌsDŸǋ_ ŗŸǼsʲ ǻÌÞǣ ǋsƼŸǋǼ ǣÌŸȖĶ_ Es ǋs_ ɠÞǼÌ ŸȖǋ ĶsǼǼsǋ Ÿ¯ sɚsŘ _Ǽs
ōssǼÞŘ¶ǣʰ ¶sŘ_ Ř_ _sǼÞĶs_ ŘŸǼsǣ ŸŘ ¶sŘ_ ɠsǋs ǣsŘǼ Ǽ ɠÌÞOÌ Þǣ ŘŘsɮs_ ǣ ŘŘsɮȖǋs ÝÝ Ř_ ¯ŸǋŎǣ ǋs ÞŘǼs¶ǋĶ ƼǋǼ Ÿ¯
ĶsǣǼǣsɚsŘ_ɴǣÞŘ_ɚŘOsʰŘ_ǣɴǣǼsŎsɮÞǣǼǣ¯ŸǋǣssĨÞŘ¶Ř_ ǼÌÞǣǋsƼŸǋǼʳ
Corporate Overview Performance Governance Financial Statements ˥˨
ANNEXURE – I
ĵÞǣǼŸ¯_ŸOȖŎsŘǼǣɚsǋÞʩs_
ˠʳ ōsŎŸǋŘ_ȖŎŘ_ǋǼÞOĶsǣŸ¯ǣǣŸOÞǼÞŸŘŸ¯ǼÌsNŸŎƼŘɴʱ
ˡʳ ŘŘȖĶǊsƼŸǋǼ¯ŸǋǼÌsʩŘŘOÞĶɴsǋsŘ_s_ˢˠstōǋOÌʰˡ˟ˠˤʱ
ˢʳ ōÞŘȖǼsǣ Ÿ¯ ǼÌs ŎssǼÞŘ¶ǣ Ÿ¯ ǼÌs DŸǋ_ Ÿ¯ ^ÞǋsOǼŸǋǣʰ Ȗ_ÞǼ NŸŎŎÞǼǼssʰ ŗŸŎÞŘǼÞŸŘ Ř_ ǊsŎȖŘsǋǼÞŸŘ NŸŎŎÞǼǼssʰ ǢÌǋs
ǻǋŘǣ¯sǋ NŸŎŎÞǼǼssʰ ǢǼĨsÌŸĶ_sǋǣ˅ ǊsĶǼÞŸŘǣÌÞƼ NŸŎŎÞǼǼss Ř_ NŸǋƼŸǋǼs ǢŸOÞĶ ǊsǣƼŸŘǣÞEÞĶÞǼɴ NŸŎŎÞǼǼss ĶŸŘ¶ ɠÞǼÌ ǼÌs
ǋsǣƼsOǼÞɚsǼǼsŘ_ŘOsǊs¶ÞǣǼsǋǣÌsĶ__ȖǋÞŘ¶ǼÌsʩŘŘOÞĶɴsǋȖŘ_sǋǋsƼŸǋǼʱ
ˣʳ ōÞŘȖǼsǣŸ¯µsŘsǋĶDŸ_ɴōssǼÞŘ¶ǣÌsĶ__ȖǋÞŘ¶ǼÌsʩŘŘOÞĶɴsǋȖŘ_sǋǋsƼŸǋǼʱ
ˤʳ ƻǋŸŸ¯Ÿ¯OÞǋOȖĶǼÞŸŘŘ__sĶÞɚsǋɴŸ¯ŘŸǼÞOsʰ¶sŘ_Ř_ŘŸǼsǣǼŸ¶sŘ_¯ŸǋDŸǋ_Ř_NŸŎŎÞǼǼssŎssǼÞŘ¶ǣʱ
˥ʳ ƻǋŸŸ¯Ÿ¯OÞǋOȖĶǼÞŸŘŸ¯_ǋ¯ǼǣɠsĶĶǣOsǋǼÞʩs_ǣÞ¶Řs_DŸǋ_Ř_NŸŎŎÞǼǼssŎssǼÞŘ¶ǣŎÞŘȖǼsǣǣƼsǋǢsOǋsǼǋÞĶǢǼŘ_ǋ_ǣʱ
˦ʳ ƻŸĶÞOÞsǣ¯ǋŎs_EɴǼÌsNŸŎƼŘɴʲ
˚ ƻŸĶÞOɴŸŘǊsĶǼs_ƻǋǼɴǻǋŘǣOǼÞŸŘǣʰ
˚ ƻŸĶÞOɴŸŘōǼsǋÞĶǢȖEǣÞ_ÞǋÞsǣʰ
˚ əÞ¶ÞĶōsOÌŘÞǣŎʰ
˚ NŸǋƼŸǋǼsǢŸOÞĶǊsǣƼŸŘǣÞEÞĶÞǼɴƻŸĶÞOɴʰ
˚ ŗŸŎÞŘǼÞŸŘ˓ǊsŎȖŘsǋǼÞŸŘƻŸĶÞOɴʰ
˚ ǊÞǣĨōŘ¶sŎsŘǼƻŸĶÞOɴ˓ƻǋŸOs_Ȗǋsǣʰ
˚ ÝŘǼsǋŘĶ®ÞŘŘOÞĶNŸŘǼǋŸĶǣ
˚ ƻŸĶÞOɴ¯Ÿǋ^sǼsǋŎÞŘǼÞŸŘŸ¯ōǼsǋÞĶrɚsŘǼǣ
˚ NŸ_sŸ¯NŸŘ_ȖOǼ¯ŸǋÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋǣʰ
˚ NŸ_sŸ¯NŸŘ_ȖOǼ¯ŸǋƻǋsɚsŘǼÞŸŘŸ¯ÝŘǣÞ_sǋǻǋ_ÞŘ¶ʰ
˚ NŸ_sŸ¯ƻǋOǼÞOsǣŘ_ƻǋŸOs_Ȗǋsǣ¯Ÿǋ®Þǋ^ÞǣOĶŸǣȖǋsŸ¯ȕŘƼȖEĶÞǣÌs_ƻǋÞOsǢsŘǣÞǼÞɚsÝŘ¯ŸǋŎǼÞŸŘʰ
˚ ǋOÌÞɚĶƻŸĶÞOɴ
˧ʳ ǢǼǼȖǼŸǋɴǊs¶ÞǣǼsǋǣɚÞʊʳ
˚ Ǌs¶ÞǣǼsǋŸ¯NÌǋ¶sǣʹ®ŸǋŎŗŸʳNËµ˚˦ʺʱ
˚ Ǌs¶ÞǣǼsǋŸ¯^ÞǋsOǼŸǋǣ˓ħsɴōŘ¶sǋÞĶƻsǋǣŸŘŘsĶʱ
˚ Ǌs¶ÞǣǼsǋŸ¯^ÞǋsOǼŸǋǣ˅ǢÌǋsÌŸĶ_ÞŘ¶ʱ
˚ Ǌs¶ÞǣǼsǋŸ¯rŎƼĶŸɴssǢǼŸOĨŷƼǼÞŸŘǣʱ
˚ Ǌs¶ÞǣǼsǋŸ¯NŸŘǼǋOǼǣɠÞǼÌǊsĶǼs_ƻǋǼÞsǣʱŘ_OŸŘǼǋOǼǣŘ_DŸ_ÞsǣsǼOʳÞŘɠÌÞOÌ_ÞǋsOǼŸǋǣǋsÞŘǼsǋsǣǼs_ʹ®ŸǋŎŗŸʳōDƻ˚ˣʺʰ
Ř_
˚ Ǌs¶ÞǣǼsǋŸ¯ĶŸŘǣʰ¶ȖǋŘǼssǣŘ_ǣsOȖǋÞǼɴŘ_OǇȖÞǣÞǼÞŸŘŎ_sEɴǼÌsNŸŎƼŘɴʹ®ŸǋŎŗŸʳōDƻ˚ˡʺʳ
˨ʳ NŸƼÞsǣŸ¯ŗŸǼÞOsʰ¶sŘ_Ř_ŗŸǼsǣǼŸ¶sŘ_ǣȖEŎÞǼǼs_ǼŸĶĶǼÌs_ÞǋsOǼŸǋǣˀŎsŎEsǋǣ¯ŸǋǼÌsDŸǋ_ōssǼÞŘ¶ǣŘ_NŸŎŎÞǼǼss
ōssǼÞŘ¶ǣǣɠsĶĶǣǋsǣŸĶȖǼÞŸŘǣƼǣǣs_EɴOÞǋOȖĶǼÞŸŘʱ
ˠ˟ʳ ^sOĶǋǼÞŸŘǣǋsOsÞɚs_¯ǋŸŎǼÌs^ÞǋsOǼŸǋǣŸ¯ǼÌsNŸŎƼŘɴƼȖǋǣȖŘǼǼŸǼÌsƼǋŸɚÞǣÞŸŘǣŸ¯ǢsOǼÞŸŘˠ˧ˣʹˠʺʰǢsOǼÞŸŘˠ˥ˣʹˡʺŘ_ǢsOǼÞŸŘ
ˠˣ˨ʹ˦ʺŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢʱ
ˠˠʳ ÝŘǼÞŎǼÞŸŘǣǋsOsÞɚs_¯ǋŸŎ_ÞǋsOǼŸǋǣȖŘ_sǋǼÌsƼǋŸÌÞEÞǼÞŸŘŸ¯ÝŘǣÞ_sǋǻǋ_ÞŘ¶NŸ_sʱ
ˠˡʳ r˚®ŸǋŎǣʩĶs_EɴǼÌsNŸŎƼŘɴʰ¯ǋŸŎǼÞŎsǼŸǼÞŎsʰȖŘ_sǋƼƼĶÞOEĶsƼǋŸɚÞǣÞŸŘǣŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢŘ_ǼǼOÌŎsŘǼǣǼÌsǋsŸ¯
_ȖǋÞŘ¶ǼÌsʩŘŘOÞĶɴsǋȖŘ_sǋǋsƼŸǋǼʱ
ˠˢʳ ÝŘǼÞŎǼÞŸŘǣˀ_ŸOȖŎsŘǼǣˀǋsƼŸǋǼǣˀǋsǼȖǋŘǣʩĶs_ɠÞǼÌǼÌsǢǼŸOĨrɮOÌŘ¶sǣƼȖǋǣȖŘǼǼŸǼÌsƼǋŸɚÞǣÞŸŘǣŸ¯ĵÞǣǼÞŘ¶¶ǋssŎsŘǼsŘǼsǋs_
ɠÞǼÌ ǼÌs ǢǼŸOĨ rɮOÌŘ¶sǣ Ř_ ǼÌs ǢsOȖǋÞǼÞsǣ Ř_ rɮOÌŘ¶s DŸǋ_ Ÿ¯ ÝŘ_Þ ʹĵÞǣǼÞŘ¶ ŷEĶÞ¶ǼÞŸŘǣ Ř_ ^ÞǣOĶŸǣȖǋs ǊsǇȖÞǋsŎsŘǼǣʺ
Ǌs¶ȖĶǼÞŸŘǣʰˡ˟ˠˤ_ȖǋÞŘ¶ǼÌsʩŘŘOÞĶɴsǋȖŘ_sǋǋsƼŸǋǼʱ
ˠˣʳ ^ŸOȖŎsŘǼǣǋsĶǼs_ǼŸƼɴŎsŘǼǣŸ¯_ÞɚÞ_sŘ_Ŏ_sǼŸÞǼǣǣÌǋsÌŸĶ_sǋǣ_ȖǋÞŘ¶ǼÌsʩŘŘOÞĶɴsǋȖŘ_sǋǋsƼŸǋǼʱ
ˠˤʳ ^ŸOȖŎsŘǼǣǋsĶǼs_ǼŸÞǣǣȖsŸ¯ǣÌǋsǣȖŘ_sǋrǢŷƻǢOÌsŎsɚÞʊʳrǢŷƻǢOÌsŎsʰrɮsǋOÞǣs¯ŸǋŎǣʰĵÞǣǼÞŘ¶ƼƼĶÞOǼÞŸŘǣʰNŸǋƼŸǋǼsOǼÞŸŘ
®ŸǋŎʰsǼOʳʩĶs_ɠÞǼÌǢǼŸOĨrɮOÌŘ¶sǣŘ_ĵÞǣǼÞŘ¶ƼƼǋŸɚĶǣǋsOsÞɚs_ǼÌsǋsŸŘʱ
ˠ˥ʳ r˚ŎÞĶǣsɚÞ_sŘOÞŘ¶_ÞǣǣsŎÞŘǼÞŸŘŸ¯ÞŘ¯ŸǋŎǼÞŸŘǋsĶǼs_ǼŸOĶŸǣȖǋsŸ¯ǻǋ_ÞŘ¶ɠÞŘ_Ÿɠʱ
ˠ˦ʳ ÝŘǼsǋŘĶNŸ_sŸ¯NŸŘ_ȖOǼ¯ŸǋƼǋsɚsŘǼÞŸŘŸ¯ÝŘǣÞ_sǋǻǋ_ÞŘ¶EɴrŎƼĶŸɴssǣˀ^ÞǋsOǼŸǋǣˀ^sǣÞ¶ŘǼs_ƻsǋǣŸŘǣŸ¯ǼÌsNŸŎƼŘɴʱ
ˠ˧ʳ ǢǼǼsŎsŘǼŸ¯ǊsĶǼs_ƻǋǼɴǻǋŘǣOǼÞŸŘǣsŘǼsǋs_ÞŘǼŸEɴǼÌsNŸŎƼŘɴ_ȖǋÞŘ¶ǼÌsʩŘŘOÞĶɴsǋȖŘ_sǋǋsƼŸǋǼʱ
ˠ˨ʳ ^ŸOȖŎsŘǼǣʩĶs_ɠÞǼÌǢǼŸOĨrɮOÌŘ¶sǣʱ
ˡ˟ʳ NŸŎƼĶÞŘOsNsǋǼÞʩOǼsƼĶOs_Es¯ŸǋsǼÌsDŸǋ_Ÿ¯^ÞǋsOǼŸǋǣ¯ǋŸŎǼÞŎsǼŸǼÞŎsʱ
ˡˠʳ ^sǼÞĶǣŸ¯ǢÞǼǼÞŘ¶®ssǣƼÞ_ǼŸĶĶŗŸŘrɮsOȖǼÞɚs^ÞǋsOǼŸǋǣ¯ŸǋǼǼsŘ_ÞŘ¶ǼÌsDŸǋ_ōssǼÞŘ¶ǣŘ_NŸŎŎÞǼǼssōssǼÞŘ¶ǣʱ
ˡˡʳ ®ÞĶÞŘ¶ǣŎ_sɠÞǼÌǊsǣsǋɚsDŘĨŸ¯ÝŘ_Þʳ
˦˟ Jyothy Laboratories Limited
Annexure II
ǻŸ
ǻÌsōsŎEsǋǣ
JYOTHY LABORATORIES LIMITED
˄ȕĠĶËŸȖǣs˅ʰǊŎĨǋÞǣÌŘōŘ_ÞǋǊŸ_ʰ
ōȖŎEÞ˚ˣ˟˟˟ˤ˨
ŷȖǋǋsƼŸǋǼŸ¯sɚsŘ_ǼsÞǣǼŸEsǋs_ĶŸŘ¶ɠÞǼÌǼÌÞǣĶsǼǼsǋʳ
ˠʳ ōÞŘǼsŘŘOsŸ¯ǢsOǋsǼǋÞĶǋsOŸǋ_ÞǣǼÌsǋsǣƼŸŘǣÞEÞĶÞǼɴŸ¯ǼÌsŎŘ¶sŎsŘǼŸ¯ǼÌsNŸŎƼŘɴŸȖǋǋsǣƼŸŘǣÞEÞĶÞǼɴÞǣǼŸsɮƼǋsǣǣŘ
ŸƼÞŘÞŸŘŸŘǼÌsǣsǣsOǋsǼǋÞĶǋsOŸǋ_ǣEǣs_ŸŘŸȖǋȖ_ÞǼʳ
ˡʳ ɟsÌɚs¯ŸĶĶŸɠs_ǼÌsȖ_ÞǼƼǋOǼÞOsǣŘ_ƼǋŸOsǣǣsǣǣɠsǋsƼƼǋŸƼǋÞǼsǼŸŸEǼÞŘǋsǣŸŘEĶsǣǣȖǋŘOsEŸȖǼǼÌs
OŸǋǋsOǼŘsǣǣ Ÿ¯ ǼÌs OŸŘǼsŘǼǣ Ÿ¯ ǼÌs ǢsOǋsǼǋÞĶ ǋsOŸǋ_ǣʳ ǻÌs ɚsǋÞʩOǼÞŸŘ ɠǣ _ŸŘs ŸŘ ǼsǣǼ EǣÞǣ ǼŸ sŘǣȖǋs ǼÌǼ OŸǋǋsOǼ ¯OǼǣ ǋs
ǋsʪsOǼs_ÞŘǣsOǋsǼǋÞĶǋsOŸǋ_ǣʳɟsEsĶÞsɚsǼÌǼǼÌsƼǋŸOsǣǣsǣŘ_ƼǋOǼÞOsǣʰɠs¯ŸĶĶŸɠs_ƼǋŸɚÞ_sǋsǣŸŘEĶsEǣÞǣ¯ŸǋŸȖǋŸƼÞŘÞŸŘʳ
ˢʳ ɟsÌɚsŘŸǼɚsǋÞʩs_ǼÌsOŸǋǋsOǼŘsǣǣŘ_ƼƼǋŸƼǋÞǼsŘsǣǣŸ¯ʩŘŘOÞĶǋsOŸǋ_ǣŘ_DŸŸĨǣŸ¯OOŸȖŘǼǣŸ¯ǼÌsOŸŎƼŘɴ
ˣʳ ɟÌsǋssɚsǋǋsǇȖÞǋs_ʰɠsÌɚsŸEǼÞŘs_ǼÌsōŘ¶sŎsŘǼǋsƼǋsǣsŘǼǼÞŸŘEŸȖǼǼÌsOŸŎƼĶÞŘOsŸ¯ĶɠǣʰǋȖĶsǣŘ_ǋs¶ȖĶǼÞŸŘǣ
Ř_ÌƼƼsŘÞŘ¶Ÿ¯sɚsŘǼǣsǼOʳ
ˤʳ ǻÌs OŸŎƼĶÞŘOs Ÿ¯ ǼÌs ƼǋŸɚÞǣÞŸŘǣ Ÿ¯ NŸǋƼŸǋǼs Ř_ ŸǼÌsǋ ƼƼĶÞOEĶs Ķɠǣʰ ǋȖĶsǣʰ ǋs¶ȖĶǼÞŸŘǣʰ ǣǼŘ_ǋ_ǣ Þǣ ǼÌs ǋsǣƼŸŘǣÞEÞĶÞǼɴ Ÿ¯
ŎŘ¶sŎsŘǼʳŷȖǋsɮŎÞŘǼÞŸŘɠǣĶÞŎÞǼs_ǼŸǼÌsɚsǋÞʩOǼÞŸŘŸ¯ƼǋŸOs_ȖǋsǣŸŘǼsǣǼEǣÞǣʳ
˥ʳ ǻÌsǢsOǋsǼǋÞĶȖ_ÞǼǋsƼŸǋǼÞǣŘsÞǼÌsǋŘǣǣȖǋŘOsǣǼŸǼÌs¯ȖǼȖǋsɚÞEÞĶÞǼɴŸ¯ǼÌsOŸŎƼŘɴŘŸǋŸ¯ǼÌss¯ʩOOɴŸǋs¯¯sOǼÞɚsŘsǣǣɠÞǼÌ
ɠÌÞOÌǼÌsŎŘ¶sŎsŘǼÌǣOŸŘ_ȖOǼs_ǼÌs¯¯ÞǋǣŸ¯ǼÌsOŸŎƼŘɴʳ
For RATHI & ASSOCIATES

COMPANY SECRETARIES
HIMANSHU S. KAMDAR
PARTNER
FCS No. 5171
COP No. 3030
ƻĶOsʲōȖŎEÞ
^Ǽsʲōɴˡˢʰˡ˟ˠ˥
Corporate Overview Performance Governance Financial Statements ˦ˠ
ANNEXURE IV TO THE DIRECTORS’ REPORT

Form No. MGT-9
rɭǻǊNǻŷ®ŗŗȕĵǊrǻȕǊŗ
ǣŸŘǼÌsʩŘŘOÞĶɴsǋsŘ_s_ŸŘōǋOÌˢˠʰˡ˟ˠ˥
ʻƻȖǋǣȖŘǼǼŸǢsOǼÞŸŘ˨ˡʹˢʺŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢŘ_ǊȖĶsˠˡʹˠʺŸ¯ǼÌsNŸŎƼŘÞsǣ
ʹōŘ¶sŎsŘǼŘ__ŎÞŘÞǣǼǋǼÞŸŘʺǊȖĶsǣʰˡ˟ˠˣʼ
I. REGISTRATION AND OTHER DETAILS:
Þʺ NÝŗʲ˚ ĵˡˣˡˣ˟ōËˠ˨˨ˡƻĵNˠˡ˧˥ˤˠ

ÞÞʺ Ǌs¶ÞǣǼǋǼÞŸŘ^Ǽsʲ˚ ˠˤˀ˟ˠˀˠ˨˨ˡ
ÞÞÞʺ ŗŎsŸ¯ǼÌsNŸŎƼŘɴʲ˚ ğɳŷǻËɳĵDŷǊǻŷǊÝrǢĵÝōÝǻr^
Þɚʺ NǼs¶ŸǋɴˀǢȖE˚NǼs¶ŸǋɴŸ¯ǼÌsNŸŎƼŘɴʲ˚ NŸŎƼŘɴĵÞŎÞǼs_EɴǣÌǋsǣˀÝŘ_ÞŘŗŸŘ˚µŸɚsǋŘŎsŘǼ
Company
ɚʺ __ǋsǣǣŸ¯ǼÌsǊs¶ÞǣǼsǋs_Ÿ¯ʩOsŘ_OŸŘǼOǼ_sǼÞĶǣʲ˚ ˄ȕĠĶËŸȖǣs˅ʰǊŎĨǋÞǣÌŘōŘ_ÞǋǊŸ_ʰħŸŘ_ÞɚÞǼʰ
Ř_ÌsǋÞʹrǣǼʺʰōȖŎEÞ˚ˣ˟˟˟ˤ˨
ǻsĶʳŗŸʳʲ˟ˡˡ˚˥˥˧˨ˡ˧˟˟ʰ®ɮʲ˟ˡˡ˚˥˥˧˨ˡ˧˟ˤ
rŎÞĶʲǣsOǋsǼǋÞĶ˔ĠɴŸǼÌɴʳOŸŎ
ɚÞʺ ɟÌsǼÌsǋĶÞǣǼs_OŸŎƼŘɴʲ˚ ɳsǣ
ɚÞÞʺ ŗŎsʰ__ǋsǣǣŘ_NŸŘǼOǼ_sǼÞĶǣŸ¯Ǌs¶ÞǣǼǋǋŘ_
ǻǋŘǣ¯sǋ¶sŘǼʲ ŗŎsʲĵÞŘĨÝŘǼÞŎsÝŘ_ÞƻɚǼʳĵÞŎÞǼs_
__ǋsǣǣ ʲN˚ˠˢʰƻŘŘĶĶǢÞĶĨōÞĶĶǣNŸŎƼŸȖŘ_ʰ
ĵDǢōǋ¶ʰDÌŘ_ȖƼʹɟsǣǼʺ
ōȖŎEÞ˚ˣ˟˟˟˦˧
ǻsĶʳŗŸʳ ʲ˟ˡˡ˚ˡˤ˨˥ˢ˧ˢ˧ˀ˟ˡˡ˚ˡˤ˨ˣ˥˨˦˟
®ɮŗŸʳ ʲ˟ˡˡ˚ˡˤ˨ˣ˥˨˥˨ˀ˟ˡˡ˚ˡˤ˨˥ˢ˧ˢ˧ˀ˟ˡˡ˚ˡˤ˨ˣ˥˨˦˟
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

DȖǣÞŘsǣǣOǼÞɚÞǼÞsǣOŸŘǼǋÞEȖǼÞŘ¶ˠ˟̇ŸǋŎŸǋsŸ¯ǼÌsǼŸǼĶǼȖǋŘŸɚsǋŸ¯ǼÌsNŸŎƼŘɴǋsǣEsĶŸɠʲ˚
Sl. Name and Description of main products NIC Code of the Product % to total turnover of the Company
No.
1 ^sǼsǋ¶sŘǼǣ 20233 41
ˡ Soaps 20231 33
ˢ ōŸǣǇȖÞǼŸǊsƼsĶĶŸŘǼ 20211 17
˦ˡ Jyothy Laboratories Limited
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES
SR. Name and Address of the Company CIN/ GLN Holding/ % of Shares Applicable Section
No Subsidiary/ Held
Associate
1 ğɴŸǼÌɴħĶĶŸĶDŘ¶Ķ_sǣÌĵÞŎÞǼs_ N.A. Subsidiary 75% Section2(87)(ii)
ˠ˨˨ʰǻsĠ¶ŸŘÝŘ_ȖǣǼǋÞĶǋsʰ^ÌĨ˚ˠˡ˟˧ʰ
DŘ¶Ķ_sǣÌʳ
ˡ ®ŸȖǋǢsǣŸŘǣ^ǋɴOĶsŘÞŘ¶NŸŎƼŘɴ U93010MH2002PTC246838 Subsidiary* 86.37% Section2(87)
ƻǋÞɚǼsĵÞŎÞǼs_
ōȖŎEÞ˛ˣ˟˟˟ˤ˨ʰōÌǋǣÌǼǋʳ
ˢ Snoways Laundrers & Drycleaners Private U93010KA2008PTC046087 Subsidiary* 42.32% Section2(87)
Limited
N-119, North Block, Manipal Centre,
Dickenson Road, Bangalore – 560042,
Karnataka.
ˣ ğɴŸǼÌɴNŸŘǣȖŎsǋƻǋŸ_ȖOǼǣōǋĨsǼÞŘ¶ U99999MH1974PLC242045 Subsidiary 100% Section2(87)
ĵÞŎÞǼs_
ˤ ğɴŸǼÌɴ®EǋÞOǋsǢsǋɚÞOsǣĵÞŎÞǼs_ U17120MH2008PLC180246 Subsidiary 86.37% Section2(87)
ˎɟÌŸĶĶɴŸɠŘs_ǣȖEǣÞ_ÞǋÞsǣŸ¯ğɴŸǼÌɴ®EǋÞOǋsǢsǋɚÞOsǣĵÞŎÞǼs_
Corporate Overview Performance Governance Financial Statements ˦ˢ
IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
i) Category-wise Share Holding
Category of Shareholders No. of Shares held at the beginning of No. of Shares held at the end of the %
the year i.e. as on 01.04.2015 year i.e. as on 31.03.2016 Change
during
the year
Demat Physical Total % of Demat Physical Total % of
Total Total
Shares Shares
A. Promoters
(1) Indian
a) Individual/ HUF 10,58,81,401 - 10,58,81,401 58.49 105881401 - 10,58,81,401 58.46 -0.03*
b) Central Govt - - - - - - - - -
c) State Govt (s) - - - - - - - - -
d) Bodies Corp. 1,50,00,000 - 1,50,00,000 8.29 1,50,00,000 - 1,50,00,000 8.28 -0.01*
e) Banks / FI - - - - - - - - -
f ) Any Other…. - - - - - - - - -
Sub-total (A) (1):- 12,08,81,401 - 12,08,81,401 66.78 12,08,81,401 - 12,08,81,401 66.74 -0.04*
(2) Foreign
a) NRIs Individuals - - - - - - - - -
b) Other – - - - - - - - - -
Individuals
c) Bodies Corp. - - - - - - - - -
d) Banks / FI - - - - - - - - -
e) Any Other…. - - - - - - - - -
Sub-total (A) (2):- - - - - - - - - -
Total shareholding of 12,08,81,401 - 12,08,81,401 66.78 12,08,81,401 - 12,08,81,401 66.74 -0.04*
Promoter (A) = (A)(1)+(A)(2)
B. Public Shareholding
1. Institutions
a) Mutual Funds 73,92,840 550 73,93,390 4.08 1,08,28,825 550 1,08,28,825 5.98 1.90
b) Banks / FI 1,23,381 1,866 1,25,247 0.07 9,378 1,866 11,244 0.01 -0.06
OʺNsŘǼǋĶµŸɚǼ - - - - - - - - -
d) State Govt(s) - - - - - - - - -
e) Venture Capital Funds - - - - - - - - -
f ) Insurance Companies 63,15,404 - 63,15,404 3.49 60,73,329 - 60,73,329 3.35 -0.14
g) FIIs 1,93,60,984 - 1,93,60,984 10.70 1,55,73,147 - 1,55,73,147 8.60 -2.10
h) Foreign Venture Capital - - - - - - - - -
Funds
i) Others (specify)
Foreign Portfolio Investor 1,01,14,771 - 1,01,14,771 5.59 1,06,10,345 - 1,06,10,345 5.86 0.27
(Corporate)
Sub-total (B)(1):- 4,33,07,380 2,416 4,33,09,796 23.92 4,30,94,474 2,416 4,30,96,890 23.79 -0.13
˦ˣ Jyothy Laboratories Limited
Category of Shareholders No. of Shares held at the beginning of No. of Shares held at the end of the %
the year i.e. as on 01.04.2015 year i.e. as on 31.03.2016 Change
during
the year
2. Non-Institutions
a) Bodies Corp.
i) Indian 61,17,727 3,232 61,20,959 3.38 60,24,878 3,207 60,28,085 3.33 -0.05
ii) Overseas - - - - -
b) Individuals
i) Individual shareholders 89,01,034 8,59,873 97,60,907 5.39 91,55,867 8,31,272 99,87,139 5.51 0.12
holding nominal share capital
upto ` 1 lakh
ii) Individual shareholders 1,50,681 - 1,50,681 0.08 1,50,681 - 1,50,681 .08 -
holding nominal share capital
in excess of ` 1 lakh
c) Others (specify)
1. Qualified Individual - - - - - - - - -
Investors
2. Cleaning Members 1,05,579 - 1,05,579 0.06 1,66,397 - 1,66,397 0.09 0.03
3. Office Bearers and 2,00,818 - 2,00,818 0.11 2,88,291 - 2,88,291 0.16 0.05
Directors/ Relatives
4. Non-Resident Individuals 3,78,428 6,051 3,84,479 0.21 3,30,923 5801 3,36,724 0.19 -0.02
(Repatriable)
5. Non-Resident Individuals 93,860 - 93,860 0.05 93,351 - 93,351 0.05 -
(Non-Repatriable)
6. Trusts 15,016 - 15,016 0.01 90,721 - 90,721 0.05 0.04
Sub-total (B)(2):- 1,59,63,143 8,69,156 1,68,32,299 9.30 1,63,01,109 8,40,280 1,71,41,389 9.47 0.17
Total Public Shareholding 5,92,70,523 8,71,572 6,01,42,095 33.22 5,93,95,583 8,42,696 6,02,38,279 33.26 0.04
(B)=(B)(1)+ (B)(2)
C. Shares held by Custodian - - - - - - - - -
for GDRs & ADRs
Grand Total (A+B+C) 18,01,51,924 8,71,572 18,10,23,496 100 18,02,76,984 8,42,696 18,11,19,680 100 -
*The change in percentage shareholding of Promoters category is due to the increase in Paid Up Share Capital of the Company during the
Financial Year 2015-16 pursuant to the shares allotted by the Company to its eligible employees under the approved ESOP Scheme.
Corporate Overview Performance Governance Financial Statements ˦ˤ
(ii) Shareholding of Promoters
Sl Shareholder’s Shareholding at the beginning of Shareholding at the end of the year % change in
No. Name the year shareholding
during the
No. of % of total % of Shares No. of % of total % of Shares year
Shares Shares Pledged / Shares Shares Pledged /
of the encumbered of the encumbered
company to total company to total
shares shares
1 ōʳƻʳ ˦ʰˡˠʰˠˡʰ˟˥˟ ˢ˨ʳ˧ˣ ˡˣʳˤˢ ˦ʰˡˠʰˠˡʰ˟˥˟ ˎˢ˨ʳ˧ˠ ˡˢʳˢ˟ ˚˟ʳ˟ˢ
ǊōNËŗ^Ǌŗ
ˡ ǢËɳ^ǊÝ ˠʰˤ˟ʰ˟˟ʰ˟˟˟ ˧ʳˡ˨ ˟ʳ˟˟ ˠʰˤ˟ʰ˟˟ʰ˟˟˟ ˎ˧ʳˡ˧ ˟ʳ˟˟ ˚˟ʳ˟ˠ
µrŗNÝrǢĵÝōÝǻr^
ˢ ōʳƻʳ^ÝəħǊŗ ˦˟ʰ˧ˤʰ˟˥ˠ ˢʳ˨ˠ ˟ʳ˟˟ ˦˟ʰ˧ˤʰ˟˥ˠ ˢʳ˨ˠ ˟ʳ˟˟ ŗÝĵ
ˣ ōʳƻʳǢÝ^ËǊǻËŗ ˤˡʰˠˤʰˡˢ˟ ˡʳ˧˧ ˟ʳ˟˟ ˤˡʰˠˤʰˡˢ˟ ˡʳ˧˧ ˟ʳ˟˟ ŗÝĵ
ˤ ōʳǊʳ^rrƻǻËÝ ˤ˟ʰˢ˟ʰ˟ˢˡ ˡʳ˦˧ ˟ʳ˟˟ ˤ˟ʰˢ˟ʰ˟ˢˡ ˡʳ˦˧ ˟ʳ˟˟ ŗÝĵ
6 ōʳǊʳğɳŷǻËɳ ˣ˥ʰˠ˧ʰ˟˧ˣ ˡʳˤˤ ˟ʳ˟˟ ˣ˥ʰˠ˧ʰ˟˧ˣ ˡʳˤˤ ˟ʳ˟˟ ŗÝĵ
˦ ōʳµʳ ˢ˥ʰˠ˦ʰ˨ˤˣ ˡʳ˟˟ ˟ʳ˟˟ ˢ˥ʰˠ˦ʰ˨ˤˣ ˡʳ˟˟ ˟ʳ˟˟ ŗÝĵ
ǢËŗǻËħȕōǊÝ
˧ ȕʳDʳDrrŗ ˢˣʰˣ˥ʰ˥˟˟ ˠʳ˨˟ ˟ʳ˟˟ ˢˣʰˣ˥ʰ˥˟˟ ˠʳ˨˟ ˟ʳ˟˟ ŗÝĵ
˨ ōʳƻʳ^ÝəħǊŗ ˠ˨ʰ˟ˣʰ˟˟˟ ˠʳ˟ˤ ˟ʳ˟˟ ˠ˨ʰ˟ˣʰ˟˟˟ ˠʳ˟ˤ ˟ʳ˟˟ ŗÝĵ
ˠ˟ ħʳȕĵĵǢħōǻË ˠˣʰˤˠʰˢ˧˟ ˟ʳ˧˟ ˟ʳ˟˟ ˠˣʰˤˠʰˢ˧˟ ˟ʳ˧˟ ˟ʳ˟˟ ŗÝĵ
11 ǢÝ^ËǊǻËŗōʳƻʳ ˠˢʰˡ˟ʰ˟˟˟ ˟ʳ˦ˢ ˟ʳ˟˟ ˠˢʰˡ˟ʰ˟˟˟ ˟ʳ˦ˢ ˟ʳ˟˟ ŗÝĵ
ˠˡ ħʳħʳǢȕğǻË ˧ˠʰ˟˟˟ ˟ʳ˟ˣ ˟ʳ˟˟ ˧ˠʰ˟˟˟ ˟ʳ˟ˣ ˟ʳ˟˟ ŗÝĵ
ˎǻÌsOÌŘ¶sÞŘƼsǋOsŘǼ¶sǣÌǋsÌŸĶ_ÞŘ¶Ÿ¯ƻǋŸŎŸǼsǋǣÞǣ_ȖsǼŸǼÌsÞŘOǋsǣsÞŘƻÞ_ȕƼǢÌǋsNƼÞǼĶŸ¯ǼÌsNŸŎƼŘɴ_ȖǋÞŘ¶
ǼÌs®ÞŘŘOÞĶɳsǋˡ˟ˠˤ˚ˠ˥ƼȖǋǣȖŘǼǼŸǼÌsǣÌǋsǣĶĶŸǼǼs_EɴǼÌsNŸŎƼŘɴǼŸÞǼǣsĶÞ¶ÞEĶssŎƼĶŸɴssǣȖŘ_sǋǼÌsƼƼǋŸɚs_rǢŷƻ
ǢOÌsŎsʳ
˦˥ Jyothy Laboratories Limited
(iii) Change in Promoters’ Shareholding ( please specify, if there is no change):
ǻÌsǋsɠǣŘŸOÌŘ¶sÞŘƼǋŸŎŸǼsǋ˅ǣǣÌǋsÌŸĶ_ÞŘ¶_ȖǋÞŘ¶ǼÌsǣƼsOÞʩs_ƼsǋÞŸ_Þʳsʳ˟ˠʳ˟ˣʳˡ˟ˠˤǼŸˢˠʳ˟ˢʳˡ˟ˠ˥
(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):
Cumulative
Shareholding during
Shareholding
the year (01-04-15 to
Increase / 31-03-16)
Sl Decrease
Name No. of shares at % of total Date Reason No. of shares % of total
No. in Share
the beginning of shares holding shares
the year (01-04- of the of the
15)/End of the company company
year 31-03-16
1 ICICI ˤ˦ʰ˧˧ʰ˟ˠ˥ ˢʳˡ˟ ˟ˠˀ˟ˣˀˡ˟ˠˤ
ƻǊȕ^rŗǻÝĵ
ˠ˟ˀ˟ˣˀˡ˟ˠˤ ˚ˢ˨ʰˢˡˠ ǻǋŘǣ¯sǋ ˤ˦ʰˣ˧ʰ˥˨ˤ ˢʳˠ˦
ĵÝ®rÝŗǢȕǊŗNr
Nŷōƻŗɳĵǻ^ ˠ˦ˀ˟ˣˀˡ˟ˠˤ ˧˨ʰˠ˟˟ ǻǋŘǣ¯sǋ ˤ˧ʰˢ˦ʰ˦˨ˤ ˢʳˡˡ
ˡ˥ˀ˟ˡˀˡ˟ˠ˥ ˤˤˡ ǻǋŘǣ¯sǋ ˤ˧ʰˢ˧ʰˢˣ˦ ˢʳˡˡ
ˤ˧ʰˢ˧ʰˢˣ˦ ˢʳˡˡ ˤ˧ʰˢ˧ʰˢˣ˦ ˢʳˡˡ
ˡ ®Ý^rĵÝǻɳ ˢ˧ʰˣˠʰˢˢ˦ ˡʳˠˡ ˟ˠˀ˟ˣˀˡ˟ˠˤ
ōŗµrōrŗǻ
ˠ˟ˀ˟˦ˀˡ˟ˠˤ ˚ˢˤʰ˟˟˟ ǻǋŘǣ¯sǋ ˢ˧ʰ˟˥ʰˢˢ˦ ˡʳˠ˟
˓ǊrǢrǊNË
Nŷōƻŗɳ ˟˨ˀˠ˟ˀˡ˟ˠˤ ˚˧ʰ˦˨˟ ǻǋŘǣ¯sǋ ˢ˦ʰ˨˦ʰˤˣ˦ ˡʳˠ˟
ˀN®Ý^rĵÝǻɳ
ˠ˥ˀˠ˟ˀˡ˟ˠˤ ˚ˢˠʰˡˠ˟ ǻǋŘǣ¯sǋ ˢ˦ʰ˥˥ʰˢˢ˦ ˡʳ˟˧
ÝŗərǢǻōrŗǻ
ǻǊȕǢǻ˚ ˠˢˀˠˠˀˡ˟ˠˤ ˚ˣ˟ʰ˟˟˟ ǻǋŘǣ¯sǋ ˢ˦ʰˡ˥ʰˢˢ˦ ˡʳ˟˥
®Ý^rĵÝǻɳǢrǊÝrǢ
ˠˡˀ˟ˡˀˡ˟ˠ˥ ˚˧ʰ˥˧˨ ǻǋŘǣ¯sǋ ˢ˦ʰˠ˦ʰ˥ˣ˧ ˡʳ˟ˤ
ÝŗǻrǊŗǻÝŷŗĵ
ǢōĵĵNƻ ˠ˨ˀ˟ˡˀˡ˟ˠ˥ ˚ˣˠʰˢˠˠ ǻǋŘǣ¯sǋ ˢ˥ʰ˦˥ʰˢˢ˦ ˡʳ˟ˢ
®ȕŗ^
ˡ˥ˀ˟ˡˀˡ˟ˠ˥ ˚ˡ˧ʰ˧ˢ˧ ǻǋŘǣ¯sǋ ˢ˥ʰˣ˦ʰˣ˨˨ ˡʳ˟ˠ
˟ˣˀ˟ˢˀˡ˟ˠ˥ ˚˦ˠʰˠ˥ˡ ǻǋŘǣ¯sǋ ˢˤʰ˦˥ʰˢˢ˦ ˠʳ˨˦
ˠˠˀ˟ˢˀˡ˟ˠ˥ ˚˦ˤʰ˟˟˟ ǻǋŘǣ¯sǋ ˢˤʰ˟ˠʰˢˢ˦ ˠʳ˨ˢ
ˢˤʰ˟ˠʰˢˢ˦ ˠʳ˨ˢ ˢˠˀ˟ˢˀˡ˟ˠ˥ ˢˤʰ˟ˠʰˢˢ˦ ˠʳ˨ˢ
ˢ ƻǊərǢǻrǆȕÝǻɳ ˡ˧ʰˢˠʰˠ˧ˣ ˠʳˤ˥ ˟ˠˀ˟ˣˀˡ˟ˠˤ
Ýŗ^Ý
ˡˠˀ˟˧ˀˡ˟ˠˤ ˢʰ˟˟ʰ˟˟˟ ǻǋŘǣ¯sǋ ˡ˨ʰˣ˟ʰ˟˟˟ ˠʳ˥ˡ
ˢˠˀˠˡˀˡ˟ˠˤ ˠʰˡˤʰˡˤ˟ ǻǋŘǣ¯sǋ ˢ˟ʰ˥ˤʰˡˤ˟ ˠʳ˥˨
˟˧ˀ˟ˠˀˡ˟ˠ˥ ˢʰ˟ˤʰ˟˟˟ ǻǋŘǣ¯sǋ ˢˢʰ˦˟ʰˡˤ˟ ˠʳ˧˥
ˢˢʰ˦˟ʰˡˤ˟ ˠʳ˧˥ ˢˠˀ˟ˢˀˡ˟ˠ˥ ˢˢʰ˦˟ʰˡˤ˟ ˠʳ˧˥
ˣ rōDĵrō®ÝÝ ˡ˧ʰˢˠʰˠ˧ˣ ˠʳˤ˥ ˟ˠˀ˟ˣˀˡ˟ˠˤ
˟ˠˀ˟ˤˀˡ˟ˠˤ ˤˤʰ˟˟˟ ǻǋŘǣ¯sǋ ˡ˧ʰ˧˥ʰˠ˧ˣ ˠʳˤ˨
˟˧ˀ˟ˤˀˡ˟ˠˤ ˧ˤʰ˟˟˟ ǻǋŘǣ¯sǋ ˡ˨ʰ˦ˠʰˠ˧ˣ ˠʳ˥ˣ
ˠˤˀ˟ˤˀˡ˟ˠˤ ˢʰ˧ˠ˥ ǻǋŘǣ¯sǋ ˡ˨ʰ˦ˤʰ˟˟˟ ˠʰ˥ˣ
ˡ˨ˀ˟ˤˀˡ˟ˠˤ ˠʰ˟˟ʰ˟˟˟ ǻǋŘǣ¯sǋ ˢ˟ʰ˦ˤʰ˟˟˟ ˠʳ˦˟
ˢ˟ʰ˦ˤʰ˟˟˟ ˠʳ˦˟ ˢˠˀ˟ˢˀˡ˟ˠ˥ ˢ˟ʰ˦ˤʰ˟˟˟ ˠʳ˦˟

Corporate Overview Performance Governance Financial Statements ˦˦
Cumulative
Shareholding during
Shareholding
Sl Decrease
No. in Share
year 31-03-16
5 L AND T MUTUAL 26,99,209 1.49 01/04/2015
FUND TRUSTEE
10/04/2015 10,000 Transfer 27,09,209 1.50
LTD- L AND T
TAX ADVANTAGE 17/04/2015 5,000 Transfer 27,14,209 1.50
FUND
24/04/2015 3,908 Transfer 27,18,117 1.50
22/05/2015 14,800 Transfer 27,32,917 1.51
05/06/2015 15,000 Transfer 27,47,917 1.52
12/06/2015 6,133 Transfer 27,54,050 1.52
19/06/2015 5,000 Transfer 27,59,050 1.52
26/06/2015 60,621 Transfer 28,19,671 1.56
31/07/2015 10,000 Transfer 28,29,671 1.56
07/08/2015 68,037 Transfer 28,97,708 1.60
27/08/2015 39,362 Transfer 29,37,070 1.62
25/09/2015 16,900 Transfer 29,53,970 1.63
30/09/2015 2,000 Transfer 29,55,970 1.63
09/10/2015 29,673 Transfer 29,85,643 1.65
16/10/2015 -13,263 Transfer 29,72,380 1.64
23/10/2015 -35,410 Transfer 29,36,970 1.62
30/10/2015 -18,004 Transfer 29,18,966 1.61
13/11/2015 5,000 Transfer 29,23,966 1.61
04/12/2015 9,730 Transfer 29,33,696 1.62
18/12/2015 10,000 Transfer 29,43,696 1.63
25/12/2015 10,000 Transfer 29,53,696 1.63
08/01/2016 3,707 Transfer 29,57,403 1.63
15/01/2016 5,000 Transfer 29,62,403 1.64
19/02/2016 5,000 Transfer 29,67,403 1.64
29,67,403 1.64 31/03/2016 29,67,403 1.64
6 HASHAM Nil - 01/04/2015

INVESTMENT
01/05/2015 25,21,090 Transfer 25,21,090 1.39
AND TRADING
COMPANY 25,21,090 1.39 31.03/2016 25,21,090 1.39
PRIVATE LTD
˦˧ Jyothy Laboratories Limited
Cumulative
Shareholding during
Shareholding
Sl Decrease
No. in Share
year 31-03-16
7 WF ASIAN 25,05,869 1.38 01/04/2015 0 Nil
COMPANIES movement
25,05,869 1.38 31/03/2016 25,05,869 1.38
SMALLER FUND during
LIMITED the year
8 PI 23,03,446 1.27 01/04/2016 0 Nil

OPPORTUNITIES movement
23,03,446 1.27 31/03/2016 23,03,446 1.27
FUND I during
the year
9 SUNDARAM 15,20,000 0.84 01/04/2015

MUTUAL FUND
30/06/2015 -1,524 Transfer 15,18,476 0.84
A/C SUNDARAM
SELECT MIDCAP 03/07/2015 -8,476 Transfer 15,10,000 0.83
07/08/2015 40,000 Transfer 15,50,000 -.86
11/09/2015 10,000 Transfer 15,60,000 0.86
27/11/2015 3,25,000 Transfer 18,85,000 1.04
08/01/2016 8,627 Transfer 18,93,627 1.05
18,93,627 1.05 31/03/2016 18,93,627 1.05
10 WF ASIAN 4,53,000 0.25 01/04/2015

ECINNAISANCE
04/03/2016 13,21,379 Transfer 17,74,379 0.98
FUND LIMITED
17,74,379 0.98 31/03/2016 17,74,379 0.98
Corporate Overview Performance Governance Financial Statements ˦˨
(v) Shareholding of Directors and Key Managerial Personnel:
Shareholding at the beginning of the Cumulative Shareholding during the

1. Name
year year
% of total shares of the % of total shares of
Mr. M. P. Ramachandran No. of shares No. of shares
company the company
˟ˠˀ˟ˣˀˡ˟ˠˤ ˦ʰˡˠʰˠˡʰ˟˥˟ ˢ˨ʳ˧ˣ ˦ʰˡˠʰˠˡʰ˟˥˟ ˢ˨ʳ˧ˣ
ÝŘOǋsǣsˀ^sOǋsǣsÞŘǢÌǋs ŗŸŎŸɚsŎsŘǼ ŗŸŎŸɚsŎsŘǼ ŗŸŎŸɚsŎsŘǼ ŗŸŎŸɚsŎsŘǼ
ÌŸĶ_ÞŘ¶
ˢˠˀ˟ˢˀˡ˟ˠ˥ ˦ʰˡˠʰˠˡʰ˟˥˟ ˢ˨ʳ˧ˠ ˦ʰˡˠʰˠˡʰ˟˥˟ ˢ˨ʳ˧ˠˎ
ˎǻÌsOÌŘ¶sÞŘƼsǋOsŘǼ¶sǣÌǋsÌŸĶ_ÞŘ¶Þǣ_ȖsǼŸǼÌsÞŘOǋsǣsÞŘƻÞ_ȕƼǢÌǋsNƼÞǼĶŸ¯ǼÌsNŸŎƼŘɴ_ȖǋÞŘ¶ǼÌs®ÞŘŘOÞĶ
ɳsǋˡ˟ˠˤ˚ˠ˥ƼȖǋǣȖŘǼǼŸǼÌsǣÌǋsǣĶĶŸǼǼs_EɴǼÌsNŸŎƼŘɴǼŸÞǼǣsĶÞ¶ÞEĶssŎƼĶŸɴssǣȖŘ_sǋǼÌsƼƼǋŸɚs_rǢŷƻǢOÌsŎsʳ

2. Name
year year
Ms. M. R. Jyothy No. of shares No. of shares
company the company
˟ˠˀ˟ˣˀˡ˟ˠˤ ˣ˥ʰˠ˧ʰ˟˧ˣ ˡʳˤˤ ˣ˥ʰˠ˧ʰ˟˧ˣ ˡʳˤˤ
ÌŸĶ_ÞŘ¶
ˢˠˀ˟ˢˀˡ˟ˠ˥ ˣ˥ʰˠ˧ʰ˟˧ˣ ˡʳˤˤ ˣ˥ʰˠ˧ʰ˟˧ˣ ˡʳˤˤ

3. Name
year year
Mr. K. Ullas Kamath No. of shares No. of shares
company the company
˟ˠˀ˟ˣˀˡ˟ˠˤ ˠˣʰˤˠʰˢ˧˟ ˟ʳ˧˟ ˠˣʰˤˠʰˢ˧˟ ˟ʳ˧˟
ÌŸĶ_ÞŘ¶
ˢˠˀ˟ˢˀˡ˟ˠ˥ ˠˣʰˤˠʰˢ˧˟ ˟ʳ˧˟ ˠˣʰˤˠʰˢ˧˟ ˟ʳ˧˟

4. Name
year year
Mr. S. Raghunandan No. of shares No. of shares
company the company
˟ˠˀ˟ˣˀˡ˟ˠˤ ˠʰ˨ˤʰˢ˧˧ ˟ʳˠˠ ˠʰ˨ˤʰˢ˧˧ ˟ʳˠˠ
ÌŸĶ_ÞŘ¶
ˢˠˀ˟ˢˀˡ˟ˠ˥ ˠʰ˨ˤʰˢ˧˧ ˟ʳˠˠ ˠʰ˨ˤʰˢ˧˧ ˟ʳˠˠ

5. Name
year year
Mr. Bipin R. Shah No. of shares No. of shares
company the company
˟ˠˀ˟ˣˀˡ˟ˠˤ ˠ˟˟ ˟ʳ˟˟ ˠ˟˟ ˟ʳ˟˟
ÌŸĶ_ÞŘ¶
ˢˠˀ˟ˢˀˡ˟ˠ˥ ˠ˟˟ ˟ʳ˟˟ ˠ˟˟ ˟ʳ˟˟
˧˟ Jyothy Laboratories Limited

6. Name
year year
Mr. Nilesh B. Mehta No. of shares No. of shares
company the company
˟ˠˀ˟ˣˀˡ˟ˠˤ ŗÞĶ ŗÞĶ ŗÞĶ ŗÞĶ
ÌŸĶ_ÞŘ¶
ˢˠˀ˟ˢˀˡ˟ˠ˥ ŗÞĶ ŗÞĶ ŗÞĶ ŗÞĶ

7. Name
year year
Mr. K. P. Padmakumar No. of shares No. of shares
company the company
ÌŸĶ_ÞŘ¶

8. Name
year year
Mr. R. Lakshminarayanan No. of shares No. of shares
company the company
ÌŸĶ_ÞŘ¶

9. Name
year year
Mr. M. L. Bansal No. of shares No. of shares
company the company
ÌŸĶ_ÞŘ¶
Corporate Overview Performance Governance Financial Statements ˧ˠ
V. INDEBTEDNESS
ÝŘ_sEǼs_ŘsǣǣŸ¯ǼÌsNŸŎƼŘɴÞŘOĶȖ_ÞŘ¶ÞŘǼsǋsǣǼŸȖǼǣǼŘ_ÞŘ¶ˀOOǋȖs_EȖǼŘŸǼ_Ȗs¯ŸǋƼɴŎsŘǼ
ʹŎǼʳÞŘ`ʺ
Secured Loans Total
Unsecured Loans Deposits
excluding deposits Indebtedness
Indebtedness at the beginning of the
ʩŘŘOÞĶɴsǋǣŸŘ˟ˠˀ˟ˣˀˡ˟ˠˤ
Þʺ ƻǋÞŘOÞƼĶŎŸȖŘǼ ˤʰˠˤʰ˟˟ʰ˟˟ʰ˟˟˟ - - ˤʰˠˤʰ˟˟ʰ˟˟ʰ˟˟˟
ÞÞʺ ÝŘǼsǋsǣǼ_ȖsEȖǼŘŸǼƼÞ_ ˚ - - ˚
ÞÞÞʺ ÝŘǼsǋsǣǼOOǋȖs_EȖǼŘŸǼ_Ȗs ˢʰ˦˦ʰˠ˥ʰˢ˦ˡ - - ˢʰ˦˦ʰˠ˥ʰˢ˦ˡ
Total (i+ii+iii) 5,18,77,16,372 - - 5,18,77,16,372
Change in Indebtedness during the
ʩŘŘOÞĶɴsǋ
˒ __ÞǼÞŸŘʹÝŘOĶȖ_sǣŸŘĶɴƻǋÞŘOÞƼĶʺ ˚ - - ˚
˒ Ǌs_ȖOǼÞŸŘʹÝŘOĶȖ_sǣŸŘĶɴƻǋÞŘOÞƼĶʺ ʹˠʰˠˤʰ˟˟ʰ˟˟ʰ˟˟˟ʺ - - ʹˠʰˠˤʰ˟˟ʰ˟˟ʰ˟˟˟ʺ
Net Change (1,15,00,00,000) - - (1,15,00,00,000)
ÝŘ_sEǼs_ŘsǣǣǼǼÌssŘ_Ÿ¯ǼÌsʩŘŘOÞĶ
year as on 31/03/2016
Þʺ ƻǋÞŘOÞƼĶŎŸȖŘǼ ˣʰ˟˟ʰ˟˟ʰ˟˟ʰ˟˟˟ - - ˣʰ˟˟ʰ˟˟ʰ˟˟ʰ˟˟˟
ÞÞʺ ÝŘǼsǋsǣǼ_ȖsEȖǼŘŸǼƼÞ_ ˚ - - -
ÞÞÞʺ ÝŘǼsǋsǣǼOOǋȖs_EȖǼŘŸǼ_Ȗs - - - -
Total (i+ii+iii) 4,00,00,00,000 - - 4,00,00,00,000
˧ˡ Jyothy Laboratories Limited
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

ʳ ǊsŎȖŘsǋǼÞŸŘǼŸōŘ¶ÞŘ¶^ÞǋsOǼŸǋʰɟÌŸĶs˚ǼÞŎs^ÞǋsOǼŸǋǣŘ_ˀŸǋōŘ¶sǋʲ
ʹŎǼʳÞŘ`ʺ
Sl. Total
Particulars of Remuneration Name of MD/ WTD/ Manager
no Amount
ōʳƻʳǊŎOÌŘ_ǋŘ ħʳȕĶĶǣħŎǼÌ ǢʳǊ¶ÌȖŘŘ_Ř ōʳǊʳğɴŸǼÌɴ
NÌÞǋŎŘŘ_ Joint ɟÌŸĶsǻÞŎs ɟÌŸĶsǻÞŎs
ōŘ¶ÞŘ¶^ÞǋsOǼŸǋ ōŘ¶ÞŘ¶ ^ÞǋsOǼŸǋ ^ÞǋsOǼŸǋ
^ÞǋsOǼŸǋ˓N®ŷ ˓Nrŷ
µǋŸǣǣǣĶǋɴ 1 ˠʰ˧˟ʰ˟˟ʰ˟˟˟ ˣʰˢ˦ʰ˥˟ʰ˟˟˟ ˨ˡʰˣ˟ʰ˟˟˟ ˦ʰˠ˟ʰ˟˟ʰ˟˟ˠ
ʹʺ ǢĶǋɴǣƼsǋˠƼǋŸɚÞǣÞŸŘǣ
1 OŸŘǼÞŘs_ÞŘǣsOǼÞŸŘ
ˠ˦ʹˠʺŸ¯ǼÌsÝŘOŸŎs˚Ǽɮ
OǼʰˠ˨˥ˠ
ʹEʺ ə
ĶȖsŸ¯ƼsǋǇȖÞǣÞǼsǣȖˀǣ - - - - -
ˠ˦ʹˡʺÝŘOŸŎs˚ǼɮOǼʰ
ˠ˨˥ˠ
ʹOʺ ƻǋŸʩǼǣÞŘĶÞsȖŸ¯ǣĶǋɴ - - - - -
ȖŘ_sǋǣsOǼÞŸŘˠ˦ʹˢ
ÝŘOŸŎs˚ǼɮOǼʰˠ˨˥ˠ
ˡ ǢǼŸOĨŷƼǼÞŸŘ ˚ ˚ ˚ ˚ ˚
ˢ ǢɠsǼrǇȖÞǼɴ - - - - -
ˣ Commission
˚ǣ̇Ÿ¯ƼǋŸʩǼ ˣʰˡˠʰ˟ˢʰˤˠ˟ ˢʰ˦˧ʰ˨ˢʰˠˤ˨ ˚ ˚ ˦ʰ˨˨ʰ˨˥ʰ˥˥˨
˚ŸǼÌsǋǣʰǣƼsOÞ¯ɴʴ ˚ ˚ ˚ ˚ ˚
5 ŷǼÌsǋǣʰƼĶsǣsǣƼsOÞ¯ɴ ˚ ˚ ˚ ˚ ˚
ƻǋŸɚÞ_sŘǼ®ȖŘ_ ˚ ˡˠʰ˥˟ʰ˟˟˟ ˣ˦ʰˤˡʰ˟˟˟ ˠ˟ʰ˟˧ʰ˟˟˟ ˦˨ʰˡ˟ʰ˟˟˟
Superannuation ˚ ˠ˧ʰ˟˟ʰ˟˟˟ ˚ ˚ ˠ˧ʰ˟˟ʰ˟˟˟
ǻŸǼĶʹʺ ˣʰˡˠʰ˟ˢʰˤˠˠ ˤʰ˨˧ʰˤˢʰˠˤ˨ ˣʰ˧ˤʰˠˡʰ˟˟˟ ˠʰ˟ˡʰˣ˧ʰ˟˟˟ ˠ˥ʰ˟˦ʰˠ˥ʰ˥˦˟
`ˡˠʰ˟ˤʰˠ˦ʰˤˤ˟ʹEsÞŘ¶ˠ˟̇Ÿ¯ǼÌsŘsǼƼǋŸʩǼǣŸ¯ǼÌsNŸŎƼŘɴOĶOȖĶǼs_ǣƼsǋǢsOǼÞŸŘ
NsÞĶÞŘ¶ǣƼsǋǼÌsOǼ
ˠ˨˧Ÿ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢʺʳ
ŗŸǼsʲǊs¯sǋ¯ŸŸǼŘŸǼs¶ÞɚsŘǼŸŗŸǼsʳˢˠŸ¯ǼÌsʩŘŘOÞĶǣǼǼsŎsŘǼǣ
Corporate Overview Performance Governance Financial Statements ˧ˢ
B. Remuneration To Other Directors

ʹŎǼʳÞŘ`ʺ
Sl. Total
Particulars of Remuneration Name of Directors
no Amount
DÞƼÞŘǊʳǢÌÌ ŗÞĶsǣÌDʳōsÌǼ ħʳƻʳ ǊʳĵĨǣÌÞŎÞŘǋɴŘŘ
ƻ_ŎĨȖŎǋ
1 Independent Directors
˒ ®ss¯ŸǋǼǼsŘ_ÞŘ¶EŸǋ_ˀ ˠʰˢˤʰ˟˟˟ ˠʰ˦ˤʰ˟˟˟ ˠʰˡ˟ʰ˟˟˟ ˧ˤʰ˟˟˟ ˤʰˠˤʰ˟˟˟
OŸŎŎÞǼǼssŎssǼÞŘ¶ǣ
˒ NŸŎŎÞǣǣÞŸŘ ˧ʰ˟˟ʰ˟˟˟ ˧ʰ˟˟ʰ˟˟˟ ˧ʰ˟˟ʰ˟˟˟ ˧ʰ˟˟ʰ˟˟˟ ˢˡʰ˟˟ʰ˟˟˟
˒ ŷǼÌsǋǣʰƼĶsǣsǣƼsOÞ¯ɴ ˚ ˚ ˚ ˚ ˚
Total (1) 9,35,000 9,75,000 9,20,000 8,85,000 37,15,000
Other Non-Executive
ˡ
Directors
˒ ®ss¯ŸǋǼǼsŘ_ÞŘ¶EŸǋ_ˀ
OŸŎŎÞǼǼssŎssǼÞŘ¶ǣ
˒ NŸŎŎÞǣǣÞŸŘ ŗÞĶ
˒ ŷǼÌsǋǣʰƼĶsǣsǣƼsOÞ¯ɴ
Total (2) - - - - ˚
Total (B)=(1+2) 9,35,000 9,75,000 9,20,000 8,85,000 37,15,000
ǻŸǼĶōŘ¶sǋÞĶ
ǊsŎȖŘsǋǼÞŸŘ
`ˡʰˠ˟ʰˤˠʰ˦ˤˤʹEsÞŘ¶ˠ̇Ÿ¯ǼÌsŘsǼƼǋŸʩǼǣŸ¯ǼÌsNŸŎƼŘɴOĶOȖĶǼs_ǣƼsǋǢsOǼÞŸŘˠ˨˧
ŷɚsǋĶĶNsÞĶÞŘ¶ǣƼsǋǼÌsOǼ
Ÿ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢʺʳ
C. Remuneration to Key Managerial Personnel other than MD/ Manager/ WTD

ʹŎǼʳÞŘ`ʺ
Key Managerial Personnel
Sl. Murari Lal Bansal
Particulars of Remuneration
no CEO* CFO* Total
Company Secretary
1 µǋŸǣǣǣĶǋɴ
ʹʺ ǢĶǋɴǣƼsǋƼǋŸɚÞǣÞŸŘǣOŸŘǼÞŘs_ÞŘ ˚ ˢ˦ʰ˥ˣʰ˨ˠˠ ˚ ˢ˦ʰ˥ˣʰ˨ˠˠ
ǣsOǼÞŸŘˠ˦ʹˠʺŸ¯ǼÌsÝŘOŸŎs˚ǼɮOǼʰˠ˨˥ˠ
ʹEʺ əĶȖsŸ¯ƼsǋǇȖÞǣÞǼsǣȖˀǣˠ˦ʹˡʺÝŘOŸŎs˚ ˚ ˚ ˚ ˚
Ǽɮ OǼʰˠ˨˥ˠ
Oʺ ƻǋŸʩǼǣÞŘĶÞsȖŸ¯ǣĶǋɴȖŘ_sǋǣsOǼÞŸŘ - - - -
ˠ˦ʹˢʺ ÝŘOŸŎs˚ǼɮOǼʰˠ˨˥ˠ
ˡ ǢǼŸOĨŷƼǼÞŸŘ ˚ ˚ ˚ ˚
ˢ ǢɠsǼrǇȖÞǼɴ ˚ ˚ ˚ ˚
ˣ Commission
˚ǣ̇Ÿ¯ƼǋŸʩǼ ˚ ˚ ˚ ˚
˚ŸǼÌsǋǣʰǣƼsOÞ¯ɴʴ - - - -
ˤ ŷǼÌsǋǣʰƼĶsǣsǣƼsOÞ¯ɴʴ
ƻǋŸɚÞ_sŘǼ®ȖŘ_ ˚ ˣʰˢˡʰ˟˟˟ ˚ ˣʰˢˡʰ˟˟˟
Superannuation ˚ ˢʰ˥˟ʰ˟˟˟ ˚ ˢʰ˥˟ʰ˟˟˟
Total 45,56,911 45,56,911
ˎōǋʳǢʳǊ¶ÌȖŘŘ_ŘʰɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋÌsĶ_ǼÌsƼŸǣÞǼÞŸŘŸ¯NrŷŘ_ōǋʳħʳȕĶĶǣħŎǼÌʰğŸÞŘǼōŘ¶ÞŘ¶^ÞǋsOǼŸǋÌŸĶ_ǣǼÌs
ƼŸǣÞǼÞŸŘŸ¯N®ŷŘ_ǼÌs_sǼÞĶǣŸ¯ǋsŎȖŘsǋǼÞŸŘƼÞ_ǼŸǼÌsŎǋsƼǋŸɚÞ_s_ÞŘəÝʹʺEŸɚsʳ
˧ˣ Jyothy Laboratories Limited
VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

There were no penalties / punishment / compounding of offences for breach of any section of Companies Act against the Company
or its Directors or other officers in default, if any, during the year under review.

M. P. Ramachandran
(DIN: 00553406)
ōȖŎEÞʰ
ōɴˡˢʰˡ˟ˠ˥
Corporate Overview Performance Governance Financial Statements ˧ˤ
DETAILS PERTAINING TO REMUNERATION AS REQUIRED UNDER SECTION 197(12) OF THE COMPANIES ACT, 2013 READ
WITH RULE 5(1) OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014
ʹÞʺ ǻÌsƼsǋOsŘǼ¶sÞŘOǋsǣsÞŘǋsŎȖŘsǋǼÞŸŘŸ¯sOÌ^ÞǋsOǼŸǋʰNÌÞs¯®ÞŘŘOÞĶŷ¯ʩOsǋŘ_NŸŎƼŘɴǢsOǋsǼǋɴ_ȖǋÞŘ¶ǼÌsʩŘŘOÞĶ
ɴsǋˡ˟ˠˤ˚ˠ˥ʰǋǼÞŸŸ¯ǼÌsǋsŎȖŘsǋǼÞŸŘŸ¯sOÌ^ÞǋsOǼŸǋǼŸǼÌsŎs_ÞŘǋsŎȖŘsǋǼÞŸŘŸ¯ǼÌssŎƼĶŸɴssǣŸ¯ǼÌsNŸŎƼŘɴ¯ŸǋǼÌs
ʩŘŘOÞĶɴsǋˡ˟ˠˤ˚ˠ˥Ř_ǼÌsOŸŎƼǋÞǣŸŘŸ¯ǋsŎȖŘsǋǼÞŸŘŸ¯sOÌħsɴōŘ¶sǋÞĶƻsǋǣŸŘŘsĶʹħōƻʺ¶ÞŘǣǼǼÌsƼsǋ¯ŸǋŎŘOsŸ¯
ǼÌsNŸŎƼŘɴǋsǣȖŘ_sǋʲ
Sr. Name of Director Designation Remuneration % increase in Ratio of Comparison of
No. Current Year Remuneration remuneration Remuneration of
ÞŘǼÌsʩŘŘOÞĶ of each the KMP against
year 2015-16 Director/ Performance of the
to median Company
remuneration
of employees
1 ōʳƻʳǊŎOÌŘ_ǋŘ NÌÞǋŎŘŘ_ ˣʰˡˠʰ˟ˢʰˤˠˠ ˢˣʳ˥ˤ ˠ˧ˤʲˠ ƻǋŸʩǼEs¯Ÿǋsǻɮ
ōŘ¶ÞŘ¶ ÞŘOǋsǣs_
^ÞǋsOǼŸǋ Eɴˢ˦ʳ˟˨̇Ř_ƼǋŸʩǼ
¯ǼsǋǼɮÞŘOǋsǣs_Eɴ
ˠˢʳ˦ˠ̇ÞŘʩŘŘOÞĶɴsǋ
ˡ˟ˠˤ˚ˠ˥
ˡ ħʳȕĶĶǣħŎǼÌ ğŸÞŘǼōŘ¶ÞŘ¶ ˤʰ˨˧ʰˤˢʰˠˤ˨ ˠ˨ʳˣ˥ ˡ˥ˡʲˠ
^ÞǋsOǼŸǋŘ_
NÌÞs¯®ÞŘŘOÞĶ
ŷ¯ʩOsǋ
ˢ ǢʳǊ¶ÌȖŘŘ_Ř ɟÌŸĶsǻÞŎs ˣʰ˧ˤʰˠˡʰ˟˟˟ ˟ʳ˟˟ ˡˠˢʲˠ
^ÞǋsOǼŸǋŘ_
NÌÞs¯rɮsOȖǼÞɚs
ŷ¯ʩOsǋ
ˣ ōʳǊʳğɴŸǼÌɴ ɟÌŸĶsǻÞŎs ˠʰ˟ˡʰˣ˧ʰ˟˟˟ ˤʳˣˠ ˣˤʲˠ
^ÞǋsOǼŸǋ
ˤ ŗÞĶsǣÌDʳōsÌǼ ÝŘ_sƼsŘ_sŘǼ ˨ʰ˦ˤʰ˟˟˟ ˧ʳˢˢ ˣʲˠ
^ÞǋsOǼŸǋ
6 ħʳƻʳƻ_ŎĨȖŎǋ ÝŘ_sƼsŘ_sŘǼ ˨ʰˡ˟ʰ˟˟˟ ˥ʳ˨˧ ˣʲˠ
^ÞǋsOǼŸǋ
˦ DÞƼÞŘǊʳǢÌÌ ÝŘ_sƼsŘ_sŘǼ ˨ʰˢˤʰ˟˟˟ ˠʳ˟˧ ˣʲˠ
^ÞǋsOǼŸǋ
˧ ǊʳĵĨǣÌŎÞŘǋɴŘŘ ÝŘ_sƼsŘ_sŘǼ ˧ʰ˧ˤʰ˟˟˟ ˡʳˢˠ ˣʲˠ
^ÞǋsOǼŸǋ
˨ ōȖǋǋÞĵĶDŘǣĶ Company ˣˤʰˤ˥ʰ˨ˠˠ ˡʳˡˣ ŗŸǼƼƼĶÞOEĶs ƻǋŸʩǼEs¯Ÿǋsǻɮ
Secretary ÞŘOǋsǣs_
Eɴˢ˦ʳ˟˨̇Ř_ƼǋŸʩǼ
¯ǼsǋǼɮÞŘOǋsǣs_Eɴ
ˠˢʳ˦ˠ̇ÞŘʩŘŘOÞĶɴsǋ
ˡ˟ˠˤ˚ˠ˥
(ÞÞʺ ÝŘǼÌsʩŘŘOÞĶɴsǋʰǼÌsǋsɠǣŘÞŘOǋsǣsŸ¯˧ʳ˟˨̇ÞŘǼÌsŎs_ÞŘǋsŎȖŘsǋǼÞŸŘŸ¯sŎƼĶŸɴssǣʱ
ʹÞÞÞʺ ǻÌsǋs ɠsǋs ˡʰˢ˨ˤ ƼsǋŎŘsŘǼ sŎƼĶŸɴssǣ ŸŘ ǼÌs ǋŸĶĶǣ Ÿ¯ ʹɚʺ NŸŎƼǋÞǣŸŘ Ÿ¯ ǊsŎȖŘsǋǼÞŸŘ Ÿ¯ ǼÌs ħsɴ ōŘ¶sǋÞĶ
NŸŎƼŘɴǣŸŘōǋOÌˢˠʰˡ˟ˠ˥ʱ ƻsǋǣŸŘŘsĶʹǣʺ¶ÞŘǣǼǼÌsƼsǋ¯ŸǋŎŘOsŸ¯ǼÌsNŸŎƼŘɴʲǻÌs
ǼŸǼĶǋsŎȖŘsǋǼÞŸŘŸ¯ħsɴōŘ¶sǋÞĶƻsǋǣŸŘŘsĶʹÞʳsʳƼsǋǣŸŘǣ
ʹÞɚʺ ǊsĶǼÞŸŘǣÌÞƼ EsǼɠssŘ ɚsǋ¶s ÞŘOǋsǣs ÞŘ ǋsŎȖŘsǋǼÞŸŘ ŎsŘǼÞŸŘs_¶ÞŘǣǼǢǋʳŗŸʳˠǼŸˣŘ_ǢǋʳŗŸʳ˨ʺÞŘOǋsǣs_Eɴ
Ř_OŸŎƼŘɴƼsǋ¯ŸǋŎŘOsʲ˚ǻÌsƻǋŸʩǼEs¯Ÿǋsǻɮ¯ŸǋǼÌs ˠˣʳ˦ˡ̇¯ǋŸŎ`ˠˣʳˣˠNǋŸǋsÞŘˡ˟ˠˣ˚ˠˤǼŸ`ˠ˥ʳˤˢNǋŸǋsÞŘ
ʩŘŘOÞĶ ɴsǋ sŘ_s_ ōǋOÌ ˢˠʰ ˡ˟ˠ˥ ÞŘOǋsǣs_ Eɴ ˢ˦ʳ˟˨̇ ˡ˟ˠˤ˚ˠ˥ɠÌsǋsǣǼÌsƻǋŸʩǼEs¯ŸǋsǻɮÞŘOǋsǣs_Eɴˢ˦ʳ˟˨̇
Ř_ǼÌsÞŘOǋsǣsÞŘǋsŎȖŘsǋǼÞŸŘɠǣ˧ʳ˥̇ʳ ǼŸˡ˟ˠʳˣˠNǋŸǋsÞŘˡ˟ˠˤ˚ˠ˥ʹˠˣ˥ʳ˨ˡNǋŸǋsÞŘˡ˟ˠˣ˚ˠˤʺʳ
˧˥ Jyothy Laboratories Limited
ʹɚÞʺ ʺ əǋÞǼÞŸŘǣÞŘǼÌsŎǋĨsǼOƼÞǼĶÞǣǼÞŸŘŸ¯ǼÌsNŸŎƼŘɴʲ ʹɚÞÞʺ ɚsǋ¶s ƼsǋOsŘǼ¶s ÞŘOǋsǣs Ŏ_s ÞŘ ǼÌs ǣĶǋÞsǣ Ÿ¯
ǻÌs ŎǋĨsǼ OƼÞǼĶÞǣǼÞŸŘ ǣ ŸŘ ōǋOÌ ˢˠʰ ˡ˟ˠ˥ ɠǣ sŎƼĶŸɴssǣŸǼÌsǋǼÌŘǼÌsŎŘ¶sǋÞĶƼsǋǣŸŘŘsĶÞŘǼÌsĶǣǼ
` ˤʰˡ˦˦ʳ˧ˢ NǋŸǋs ʹ` ˣʰ˧ˢ˧ʳ˦˥ NǋŸǋs ǣ ŸŘ ōǋOÌ ˢˠʰ ʩŘŘOÞĶɴsǋÞʳsʳˡ˟ˠˤ˚ˠ˥ɠǣ˧ʳ˥̇ɠÌsǋsǣǼÌsŎŘ¶sǋÞĶ
ˡ˟ˠˤʺʱ ǋsŎȖŘsǋǼÞŸŘ ¯Ÿǋ ǼÌs ǣŎs ʩŘŘOÞĶ ɴsǋ ÞŘOǋsǣs_ Eɴ
ˠˣʳˣ˧̇ʳ
Eʺ ƻǋÞOs rǋŘÞŘ¶ǣ ǋǼÞŸ Ÿ¯ ǼÌs NŸŎƼŘɴ ɠǣ ˢˡʳˣ˨ ǣ Ǽ
ōǋOÌˢˠʰˡ˟ˠ˥Ř_ɠǣˢˢʳ˧˧ǣǼōǋOÌˢˠʰˡ˟ˠˤʱ ʹɚÞÞÞʺ ǻÌs Ĩsɴ ƼǋŎsǼsǋǣ ¯Ÿǋ ǼÌs ɚǋÞEĶs OŸŎƼŸŘsŘǼ Ÿ¯
ǋsŎȖŘsǋǼÞŸŘ ɚÞĶs_ Eɴ ǼÌs _ÞǋsOǼŸǋǣ ǋs ǣ Ƽsǋ ǼÌs
Oʺ ƻ
sǋOsŘǼ ÞŘOǋsǣs Ÿɚsǋˀ _sOǋsǣs ÞŘ ǼÌs ŎǋĨsǼ ǊsŎȖŘsǋǼÞŸŘƻŸĶÞOɴŸ¯ǼÌsNŸŎƼŘɴʳ
ǇȖŸǼǼÞŸŘǣ Ÿ¯ ǼÌs ǣÌǋsǣ Ÿ¯ ǼÌs OŸŎƼŘɴ ǣ
OŸŎƼǋs_ ǼŸ ǼÌs ǋǼs Ǽ ɠÌÞOÌ ǼÌs OŸŎƼŘɴ OŎs ʹÞɮʺ ǻÌsǋǼÞŸŸ¯ǼÌsǋsŎȖŘsǋǼÞŸŘŸ¯ǼÌsÌÞ¶ÌsǣǼƼÞ__ÞǋsOǼŸǋ
ŸȖǼ ɠÞǼÌ ǼÌs ĶǣǼ ƼȖEĶÞO Ÿ¯¯sǋ ÞŘ ǼÌs ɴsǋ˚ ǻÌs Ÿ¯¯sǋ ǼŸǼÌǼŸ¯ǼÌssŎƼĶŸɴssǣɠÌŸǋsŘŸǼ_ÞǋsOǼŸǋǣEȖǼǋsOsÞɚs
ƼǋÞOs Ǽ ǼÌs ǼÞŎs Ÿ¯ ÝŘÞǼÞĶ ƻȖEĶÞO ŷ¯¯sǋ ÞŘ ˡ˟˟˦ ɠǣ ǋsŎȖŘsǋǼÞŸŘÞŘsɮOsǣǣŸ¯ǼÌsÌÞ¶ÌsǣǼƼÞ__ÞǋsOǼŸǋ_ȖǋÞŘ¶
`˥˨˟ƼsǋsǇȖÞǼɴǣÌǋsŸ¯¯OsɚĶȖsŸ¯`ˤˀ˚ƼsǋǣÌǋsʰ ǼÌsɴsǋ˛ŗŸǼƼƼĶÞOEĶsʱŘ_
EȖǼ ¯Ǽsǋ _ĠȖǣǼŎsŘǼ ¯Ÿǋ ǣÌǋs ǣƼĶÞǼ ÞŘ ˤʲˠ ǋǼÞŸ Ř_
EŸŘȖǣÞǣǣȖsŸ¯ˠʲˠʰÞǼɠŸǋĨŸȖǼǼŸ`˥˨ˀ˚ƼsǋǣÌǋsŸ¯ ʹɮʺ ÝǼ Þǣ ÌsǋsEɴ ¯ʩǋŎs_ ǼÌǼ ǼÌs ǋsŎȖŘsǋǼÞŸŘ ƼÞ_ Þǣ ǣ Ƽsǋ
` ˠˀ˚ sOÌʳ ǻÌs OĶŸǣÞŘ¶ ǣÌǋs ƼǋÞOs Ÿ¯ ǼÌs NŸŎƼŘɴ ǊsŎȖŘsǋǼÞŸŘƻŸĶÞOɴ¯Ÿǋ^ÞǋsOǼŸǋǣʰħsɴōŘ¶sǋÞĶƻsǋǣŸŘŘsĶ
ǼŗǢrŸŘōǋOÌˢˠʰˡ˟ˠ˥EsÞŘ¶`ˡ˨ˠʳˣ˟ˀ˚ƼsǋsǇȖÞǼɴ Ř_ŸǼÌsǋrŎƼĶŸɴssǣʳ
ǣÌǋsŸ¯¯OsɚĶȖsŸ¯`ˠˀ˚sOÌÌǣ¶ǋŸɠŘˣʳˡˡǼÞŎsǣ
Ÿ¯ǼÌsÝƻŷƼǋÞOsʳ
Corporate Overview Performance Governance Financial Statements ˧˦
STATEMENT OF PARTICULARS OF EMPLOYEES PURSUANT TO PROVISIONS OF SECTION 197(12) OF THE COMPANIES ACT
2013 READ WITH COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014
ʳ rŎƼĶŸɴs_ǼÌǋŸȖ¶ÌŸȖǼǼÌs®ÞŘŘOÞĶɳsǋˡ˟ˠˤ˚ˠ˥ɠÞǼÌŘ¶¶ǋs¶ǼsǣĶǋɴŘŸǼĶsǣǣǼÌŘ`˥˟ʰ˟˟ʰ˟˟˟ˀ˚ƼsǋŘŘȖŎʲ
Name Age ǆȖĶÞʩOǼÞŸŘ Designation Date of Experience Total Gross Previous Employment
Commencement (years) Remuneration
of employment
ōʳƻʳ ˦˟ ƻŸǣǼ¶ǋ_ȖǼs^s¶ǋssÞŘ NÌÞǋŎŘŘ_ ˠˤ˚˟ˠ˚ˠ˨˨ˡ ˣˠɴsǋǣ ˣʰˡˠʰ˟ˢʰˤˠˠ ƻǋŸƼǋÞsǼŸǋ˛ğɴŸǼÌɴ
ǊōNËŗ^Ǌŗ ®ÞŘŘOÞĶōŘ¶sŎsŘǼ ōŘ¶ÞŘ¶^ÞǋsOǼŸǋ ĵEŸǋǼŸǋÞsǣ
ħʳȕĵĵǢħōǻË ˤˢ ōʳNŸŎʳʰ®ʳNʳʳʰʳNʳǢʳʰ ğŸÞŘǼōŘ¶ÞŘ¶ ˡ˥˚˟ˢ˚ˠ˨˨˦ ˢ˟ɴsǋǣ ˤʰ˨˧ʰˤˢʰˠˤ˨ ƻǋOǼÞOÞŘ¶NÌǋǼsǋs_
ĵʳĵʳDʳʰʳōʳƻʳ˛ɟÌǋǼŸŘ ^ÞǋsOǼŸǋŘ_NÌÞs¯ OOŸȖŘǼŘǼ
DȖǣÞŘsǣǣǢOÌŸŸĶŘ_ ®ÞŘŘOÞĶŷ¯ʩOsǋ
Ëǋɠǋ_DȖǣÞŘsǣǣ
ǢOÌŸŸĶʰȕʳǢʳ
ǢǊµËȕŗŗ^ŗ ˤˠ ƻµ^Dō˛ÝÝōNĶOȖǼǼ ^ÞǋsOǼŸǋŘ_NÌÞs¯ ˡˢ˚˟ˤ˚ˡ˟ˠˡ ˡ˥ɴsǋǣ ˣʰ˧ˤʰˠˡʰ˟˟˟ ōŘ¶ÞŘ¶^ÞǋsOǼŸǋ˚
ōʳǢOʳʰDrËŸŘǣÞŘ rɮsOȖǼÞɚsŷ¯ʩOsǋ ǊsOĨÞǼǼDsŘOĨÞǣsǋÝŘ_Þ
NÌsŎÞOĶrŘ¶¶˛DÝǻǢ ĵÞŎÞǼs_
Pilani
ōʳǊʳğɳŷǻËɳ ˢ˧ DOŸŎʰōDʰ®ŎÞĶɴ ^ÞǋsOǼŸǋ ˟ˠ˚˟ˠ˚ˡ˟˟ˣ ˠˡɴsǋǣ ˠʰ˟ˡʰˣ˧ʰ˟˟˟ ˚
ōŘ¶s_DȖǣÞŘsǣǣ
_ŎÞŘÞǣǼǋǼÞŸŘ¯ǋŸŎ
ǢʳƻʳğÞŘÝŘǣǼÞǼȖǼsŸ¯
ōŘ¶sŎsŘǼʰŷɠŘsǋˀ
ƻǋsǣÞ_sŘǼōŘ¶sŎsŘǼ
ƻǋŸ¶ǋŎŎs¯ǋŸŎ
Ëǋɚǋ_ȕŘÞɚsǋǣÞǼɴʰȕǢ
ǊğŗÝħŗǻ ˣ˨ DʳrʳʹōsOÌʺʰōDʳ əÞOsƻǋsǣÞ_sŘǼ˚ ˡˠ˚ˠ˟˚ˡ˟ˠˢ ˡˤɴsǋǣ ˢʰˠ˨ʰˢˢʰ˧ˡ˦ ȕŘÞĶsɚsǋˀǊs¶ÞŸŘĶ

ǢDŗəÝǢ ǢĶsǣ˓ōǋĨsǼÞŘ¶ NǼs¶ŸǋɴəÞOs
ƻǋsǣÞ_sŘǼʹËÞǋNǋs˚
ǢŸȖǼÌǣÞʺ
ŗrrǻȕ ˣˡ DʳNŸŎʰNʳ əÞOsƻǋsǣÞ_sŘǼ˚ ˡˠ˚ˠˠ˚ˡ˟˟˟ ˠ˧ɴsǋǣ ˨˧ʰˢˤʰˣˢˣ ħsɠĶħÞǋŘ˓NŸ˚ǣǣǼʳ
ħǢËÝǊōħ Finance ōŘ¶sǋ˚OOŸȖŘǼǣ
^ÝŗrǢËħȕōǊ ˣ˧ DʳǢOʳʰōD ŗǼÞŸŘĶǢĶsǣ ˟˨˚ˠˡ˚ˡ˟ˠˣ ˡ˦ɴsǋǣ ˠʰˤ˥ʰˢˡʰ˥ˣˠ ÊȖǋÝŘ_ÞĵǼ_ˀµō
ğËōD ōŘ¶sǋ ˚ǢĶsǣ
S ˣ˥ DʳǢOʳ əƻ˚ǢŸȖǋOÞŘ¶˓ ˠ˦˚˟˧˚ˡ˟ˠˡ ˡ˟ʳ˦ɴsǋǣ ˨˟ʰˢˤʰ˦˦ˢ ħȖŎǋŷǋ¶ŘÞO
ǢŷōǢȕŗ^Ǌō ǢȖƼƼĶɴNÌÞŘ ƻǋŸ_ȖOǼĵÞŎÞǼs_˚əÞOs
ƻǋsǣÞ_sŘǼŷƼsǋǼÞŸŘ
ərŗħÝǻNËĵō ˤˣ DʳNŸŎ Ës_˚NŸǋƼŸǋǼs ˟˦˚ˠˡ˚ˠ˨˨˨ ˠ˥ʳ˧ɴsǋǣ ˨ˣʰˢ˟ʰ˟ˤ˨ ËsŘĨsĶÝŘ_ÞĵÞŎÞǼs_˚
ÝɳrǊ Sales Ës_˚NŸǋƼŸǋǼsǢĶsǣ
Dʳ rŎƼĶŸɴs_¯ŸǋƼǋǼŸ¯ǼÌsʩŘŘOÞĶɴsǋˡ˟ˠˤ˚ˠ˥ɠÞǼÌŘ¶¶ǋs¶ǼsǣĶǋɴŘŸǼĶsǣǣǼÌŘ`ˤʰ˟˟ʰ˟˟˟ˀ˚ƼsǋŎŸŘǼÌʲ
Name Age ǆȖĶÞʩOǼÞŸŘ Designation Date of Experience Total Gross Previous Employment
Commencement (years) Remuneration
of employment
ƻǊǻɳɳ ˣˤ DrʹNÌsŎÞOĶʺ əÞOsƻǋsǣÞ_sŘǼ˚ ˠˡ˚˟˨˚ˡ˟ˠˡ ˡˢɴsǋǣ ˦˟ʰ˥ˢʰˤ˟ˤ ȕŘÞĶɚsǋˀËs_˚Ǌ˓^
NËħǊDǊǻÝ ˛ğ_ɚƼȖǋ ōŘȖ¯OǼȖǋÞŘ¶Ř_
ʹǋsǣÞ¶Řs_ɠʳsʳ¯ʳ University Ǌ˓^
ˢˠʳ˟˧ʳˡ˟ˠˤʺˎ
ğµ^ÝǢËħŗʹsɮƼÞǋs_ ˤ˨ µǋ_ȖǼs ǣǣǼəÞOsƻǋsǣÞ_sŘǼ˚ ˟ˠ˚ˠˠ˚ˠ˨˧˧ ˢ˨ʳ˦ɴsǋǣ ˡ˦ʰˡˣʰˢ˨˦ ǢsĶ¯rŎƼĶŸɴs_
ŸŘˠˤˀ˟˥ˀˡ˟ˠˤʺ Sales
ǢÝ^^ËǊǻËµȕƻǻ ˣˣ DʳrʳʹōsOÌʺʰ Ër^˚ħsɴOOŸȖŘǼǣ ˠ˥˚˟˧˚ˡ˟ˠˡ ˠˤɴsǋǣ ˨ʰˤ˦ʰ˟ˡˣ ƻǋǣƻÌǋŎOsȖǼÞOĶĵǼ_
ōDʳ ˚µōʰǢȖƼsǋŎɮƻsǋǣŸŘĶ
NǋsÝŘ_ÞƻɚǼĵǼ_˚Ës_
ōŸ_sǋŘǻǋ_s
ŗŗ^ħȕōǊƻħ ˤˠ D Ǣǋʳŷ¯ʩOsǋ˚OOŸȖŘǼǣ ˟ˢ˚ˠˡ˚ˠ˨˧˦ ˡ˦ʳˤɴsǋǣ ˠˠʰˤ˟ʰˣ˨˦ ˚
Notes:
ˠʳ ǻÌs¯ŸǋsǣÞ_ǋsŎȖŘsǋǼÞŸŘÞǣÞŘOĶȖǣÞɚsŸ¯ɚĶȖsŸ¯ƼsǋǇȖÞǣÞǼsǣǋÞǣÞŘ¶ŸȖǼŸ¯sɮsǋOÞǣsŸ¯rǢŷƻ¶ǋŘǼǣEɴǋsǣƼsOǼÞɚssŎƼĶŸɴssǣʳ
ˡʳ ĶĶƼƼŸÞŘǼŎsŘǼǣǋsOŸŘǼǋOǼȖĶŘ_ǼsǋŎÞŘEĶsEɴŘŸǼÞOsŸŘsÞǼÌsǋǣÞ_sʳ
ˢʳ ŗŸŘsŸ¯ǼÌssŎƼĶŸɴssǣŎsŘǼÞŸŘs_EŸɚsǋsǋsĶǼs_ǼŸŘɴ_ÞǋsOǼŸǋŸ¯ǼÌsNŸŎƼŘɴsɮOsƼǼōǋʳōʳƻʳǊŎOÌŘ_ǋŘŘ_ōǣʳōʳ
ǊʳğɴŸǼÌɴʰɠÌŸǋsǋsĶǼs_ǼŸsOÌŸǼÌsǋʳ
ˣʳ ŗŸŘsŸ¯ǼÌssŎƼĶŸɴssÞǣ_ǋɠÞŘ¶ǋsŎȖŘsǋǼÞŸŘŎŸǋsǼÌŘǼÌsǋsŎȖŘsǋǼÞŸŘ_ǋɠŘEɴŎŘ¶ÞŘ¶_ÞǋsOǼŸǋˀɠÌŸĶsǼÞŎs_ÞǋsOǼŸǋŘ_Þǣ
ÌŸĶ_ÞŘ¶EɴǼÌsŎǣsĶɚsǣŸǋĶŸŘ¶ɠÞǼÌǼÌsÞǋǣƼŸȖǣsŘ__sƼsŘ_sŘǼOÌÞĶ_ǋsŘʰǼɠŸƼsǋOsŘǼŸǋŎŸǋsŸ¯ǼÌssǇȖÞǼɴǣÌǋsǣŸ¯ǼÌsNŸŎƼŘɴʳ
˧˧ Jyothy Laboratories Limited
REPORT ON CORPORATE GOVERNANCE

COMPANY’S PHILOSOPHY ON CORPORATE GOVERNANCE BOARD OF DIRECTORS
ǻÌs NŸŎƼŘɴ˅ǣ ƼÌÞĶŸǣŸƼÌɴ Þǣ ǼŸ OŸŘ_ȖOǼ EȖǣÞŘsǣǣ Ř_ ÞǼǣ Composition:
_sĶÞŘ¶ǣ ɠÞǼÌ ĶĶ ǣǼĨsÌŸĶ_sǋǣ ÞŘ OŸŎƼĶÞŘOs ɠÞǼÌ Ķɠ Ř_ ǻÌs DŸǋ_ Ÿ¯ ^ÞǋsOǼŸǋǣ Ÿ¯ ǼÌs NŸŎƼŘɴ Ìɚs Ř ŸƼǼÞŎȖŎ
ÌÞ¶ÌǣǼŘ_ǋ_ǣŸ¯EȖǣÞŘsǣǣsǼÌÞOǣŘ_ǼŸsɮOss_ǼÌsǣǼǼȖǼŸǋɴ OŸŎEÞŘǼÞŸŘ Ÿ¯ rɮsOȖǼÞɚs Ř_ ŗŸŘ˚rɮsOȖǼÞɚs ^ÞǋsOǼŸǋǣ
ǋsǇȖÞǋsŎsŘǼǣ ɠÞǼÌ ǋs¶ǋ_ ǼŸ NŸǋƼŸǋǼs µŸɚsǋŘŘOsʳ ǻÌs ɠÞǼÌ ŸŘs ɟŸŎŘ ^ÞǋsOǼŸǋ Ř_ ʩ¯Ǽɴ ƼsǋOsŘǼ Ÿ¯ ǼÌs DŸǋ_ Ÿ¯
NŸŎƼŘɴ ɠŸȖĶ_ OŸŘǼÞŘȖs ǼŸ ǣǼǋsŘ¶ǼÌsŘ ÞǼǣ ƼǋÞŘOÞƼĶsǣ Ÿ¯ ^ÞǋsOǼŸǋǣ OŸŎƼǋÞǣÞŘ¶ Ÿ¯ ŗŸŘ˚rɮsOȖǼÞɚs ^ÞǋsOǼŸǋǣʳ ^ȖǋÞŘ¶ ǼÌs
ǼǋŘǣƼǋsŘOɴʰ ¯ÞǋŘsǣǣ Ř_ OOŸȖŘǼEÞĶÞǼɴ ǼŸ ¶sŘsǋǼs ĶŸŘ¶˚
ɴsǋ ˡ˟ˠˤ˚ˠ˥ʰ ǼÌs DŸǋ_ OŸŎƼǋÞǣs_ Ÿ¯ ˧ ʹrÞ¶ÌǼʺ ŎsŎEsǋǣ Ÿ¯
ǼsǋŎɚĶȖs¯ŸǋÞǼǣǣÌǋsÌŸĶ_sǋǣŸŘOŸŘǼÞŘȖŸȖǣŘ_ǣȖǣǼÞŘEĶs
ɠÌŸŎˣʹ®ŸȖǋʺǋsrɮsOȖǼÞɚs^ÞǋsOǼŸǋǣŘ_ˣʹ®ŸȖǋʺǋsŗŸŘ˚
EǣÞǣÞŘÌǋŎŸŘɴɠÞǼÌǼÌsÞŘǼsǋsǣǼǣŸ¯ĶĶŸǼÌsǋǣǼĨsÌŸĶ_sǋǣʳ
rɮsOȖǼÞɚsˀÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋǣʳōǋʳōʳƻʳǊŎOÌŘ_ǋŘÞǣ
ǻÌsNŸŎƼŘɴÞǣÞŘOŸŎƼĶÞŘOsɠÞǼÌĶĶǼÌsƼǋŸɚÞǣÞŸŘǣǣǼÞƼȖĶǼs_ÞŘ ǼÌs ƻǋŸŎŸǼsǋ Ř_ ǼÌs NÌÞǋŎŘ ˓ ōŘ¶ÞŘ¶ ^ÞǋsOǼŸǋ Ÿ¯ ǼÌs
ǼÌs NŸŎƼŘÞsǣ OǼʰ ˡ˟ˠˢ Ř_ ǼÌs ǊȖĶsǣ ¯ǋŎs_ ǼÌsǋsȖŘ_sǋʰ Ř_ NŸŎƼŘɴŘ_ÌsŘOsˤ˟̇Ÿ¯ǼÌsDŸǋ_OŸŘǣÞǣǼǣŸ¯ÝŘ_sƼsŘ_sŘǼ
Ǌs¶ȖĶǼÞŸŘǣ ȖŘ_sǋ NÌƼǼsǋ Ýə Ÿ¯ ǢrDÝ ʹĵÞǣǼÞŘ¶ ŷEĶÞ¶ǼÞŸŘǣ Ř_ ^ÞǋsOǼŸǋǣʳ ǻÌs OŸŎƼŸǣÞǼÞŸŘ Ÿ¯ ǼÌs DŸǋ_ Ÿ¯ ^ÞǋsOǼŸǋǣ Ÿ¯ ǼÌs
^ÞǣOĶŸǣȖǋs ǊsǇȖÞǋsŎsŘǼǣʺ Ǌs¶ȖĶǼÞŸŘǣʰ ˡ˟ˠˤ ʹÌsǋsÞŘ¯Ǽsǋ ǋs¯sǋǋs_ NŸŎƼŘɴ Þǣ ÞŘ OŸŘ¯ŸǋŎÞǼɴ ɠÞǼÌ ǼÌs ƼǋŸɚÞǣÞŸŘǣ Ÿ¯ NŸŎƼŘÞsǣ
ǼŸǣ˄ĵÞǣǼÞŘ¶Ǌs¶ȖĶǼÞŸŘǣ˅ʺʳǻÌs¯ŸĶĶŸɠÞŘ¶ǊsƼŸǋǼǼŸ¶sǼÌsǋɠÞǼÌǼÌs OǼʰˡ˟ˠˢŘ_Ǌs¶ȖĶǼÞŸŘˠ˦Ÿ¯ǼÌsĵÞǣǼÞŘ¶Ǌs¶ȖĶǼÞŸŘǣʹsǋĶÞsǋ
ÞŘ¯ŸǋŎǼÞŸŘOŸŘǼÞŘs_ÞŘǼÌsōŘ¶sŎsŘǼ^ÞǣOȖǣǣÞŸŘŘ_ŘĶɴǣÞǣ NĶȖǣsˣ˨Ÿ¯ǼÌsĵÞǣǼÞŘ¶¶ǋssŎsŘǼʺʳ
ǊsƼŸǋǼŘ_ŸǼÌsǋƼǋǼǣŸ¯ŘŘȖĶǊsƼŸǋǼOŸŘǣǼÞǼȖǼsǣǼÌsNŸŎƼŘɴ˅ǣ
OŸŎƼĶÞŘOsɠÞǼÌǼÌsNŸǋƼŸǋǼsµŸɚsǋŘŘOsǋsǇȖÞǋsŎsŘǼǣʳ
ǻÌsOŸŎƼŸǣÞǼÞŸŘŸ¯ǼÌsDŸǋ_Ÿ¯^ÞǋsOǼŸǋǣÞǣǣȖŘ_sǋʲ
Name of the Member of the Board Category Relationship with other Directors
ōǋʳōʳƻʳǊŎOÌŘ_ǋŘ ƻǋŸŎŸǼsǋˀNÌÞǋŎŘ˓ōŘ¶ÞŘ¶^ÞǋsOǼŸǋ ®ǼÌsǋŸ¯ōǣʳōʳǊʳğɴŸǼÌɴ
ōǋʳħʳȕĶĶǣħŎǼÌ ğŸÞŘǼōŘ¶ÞŘ¶^ÞǋsOǼŸǋ˓N®ŷ ŗŸŘs
ōǋʳǢʳǊ¶ÌȖŘŘ_Řˎ ɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋ˓Nrŷ ŗŸŘs
ōǣʳōʳǊʳğɴŸǼÌɴ ɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋ ^Ȗ¶ÌǼsǋŸ¯ōǋʳōʳƻʳǊŎOÌŘ_ǋŘ
ōǋʳŗÞĶsǣÌDʳōsÌǼ ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋ ŗŸŘs
ōǋʳħʳƻʳƻ_ŎĨȖŎǋ ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋ ŗŸŘs
ōǋʳDÞƼÞŘǊʳǢÌÌ ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋ ŗŸŘs
ōǋʳǊʳĵĨǣÌŎÞŘǋɴŘŘ ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋ ŗŸŘs
ˎNsǣs_ǼŸEsǼÌsɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋŘ_NÌÞs¯rɮsOȖǼÞɚsŷ¯ʩOsǋɠʳsʳ¯ʳōɴˡˢʰˡ˟ˠ˥ʳ
Attendance of Directors at Board Meetings and Annual General Meeting:

^ȖǋÞŘ¶ǼÌsɴsǋsŘ_s_ŸŘōǋOÌˢˠʰˡ˟ˠ˥ʰǼÌsDŸǋ_Ÿ¯^ÞǋsOǼŸǋǣŎsǼǣÞɮǼÞŎsǣɚÞʊʳʰŸŘōɴˡˤʰˡ˟ˠˤʰğȖĶɴˢ˟ʰˡ˟ˠˤʰŷOǼŸEsǋˡ˟ʰ
ˡ˟ˠˤʰğŘȖǋɴˡ˧ʰˡ˟ˠ˥ʰōǋOÌˠ˟ʰˡ˟ˠ˥Ř_ōǋOÌˠˣʰˡ˟ˠ˥ʳǻÌsĶǣǼŘŘȖĶµsŘsǋĶōssǼÞŘ¶ʹµōʺŸ¯ǼÌsNŸŎƼŘɴɠǣÌsĶ_ŸŘ
ğȖĶɴˢ˟ʰˡ˟ˠˤʳǻÌs^sǼÞĶǣŸ¯ǼǼsŘ_ŘOsŸ¯^ÞǋsOǼŸǋǣǼǼÌs¯ŸǋsǣÞ_DŸǋ_ōssǼÞŘ¶ǣŘ_ǼǼÌsĶǣǼµōÞǣǣȖŘ_sǋʲ
Name of Director Number of Board Meeting in FY 2015-16 Attendance at the Last

Annual General Meeting
Held Attended
ōǋʳōʳƻʳǊŎOÌŘ_ǋŘ 6 6 ɳsǣ
ōǋʳħʳȕĶĶǣħŎǼÌ 6 ˤ ɳsǣ
ōǋʳǢʳǊ¶ÌȖŘŘ_Ř 6 6 ɳsǣ
ōǣʳōʳǊʳğɴŸǼÌɴ 6 6 ɳsǣ
ōǋʳŗÞĶsǣÌDʳōsÌǼ 6 6 ɳsǣ
ōǋʳħʳƻʳƻ_ŎĨȖŎǋ 6 ˣ ɳsǣ
ōǋʳDÞƼÞŘǊʳǢÌÌ 6 ˤ ɳsǣ
ōǋʳǊʳĵĨǣÌŎÞŘǋɴŘŘ 6 ˣ ɳsǣ
Corporate Overview Performance Governance Financial Statements ˧˨
DŸǋ_ōsŎEsǋǣŘ_ǼÌsÞǋ^ÞǋsOǼŸǋǣÌÞƼǣÞŘŸǼÌsǋƻȖEĶÞOĵÞŎÞǼs_ˀĵÞǣǼs_NŸŎƼŘÞsǣǣŸŘōǋOÌˢˠʰˡ˟ˠ˥ÞǣǣȖŘ_sǋʲ
Name of Director Directorships in other Public Limited Committee positions in other Public Limited
Companies# Companies@
Public Listed Member Chairman
ōǋʳōʳƻʳǊŎOÌŘ_ǋŘ ˢ 1 ˢ 1
ōǋʳħʳȕĶĶǣħŎǼÌ 1 1 ˡ ˚
ōǋʳǢʳǊ¶ÌȖŘŘ_Ř 1 ˚ 1 ˚
ōǣʳōʳǊʳğɴŸǼÌɴ 1 ˚ ˚ ˚
ōǋʳŗÞĶsǣÌDʳōsÌǼ 1 1 ˚ 1
ōǋʳħʳƻʳƻ_ŎĨȖŎǋ ˢ ˚ 1 ˡ
ōǋʳDÞƼÞŘǊʳǢÌÌ ˡ 1 ˡ 1
ōǋʳǊʳĵĨǣÌŎÞŘǋɴŘŘ ˡ ˚ ˡ ˚
˞rɮOĶȖ_sǣ_ÞǋsOǼŸǋǣÌÞƼÞŘÝŘ_ÞŘƻǋÞɚǼsĵÞŎÞǼs_NŸŎƼŘÞsǣʰ®ŸǋsÞ¶ŘNŸŎƼŘÞsǣʰNŸŎƼŘÞsǣȖŘ_sǋǢsOǼÞŸŘ˧Ÿ¯ǼÌsNŸŎƼŘÞsǣ
OǼʰˡ˟ˠˢʳ
˔ŷŘĶɴOÌÞǋŎŘǣÌÞƼˀŎsŎEsǋǣÌÞƼŸ¯Ȗ_ÞǼNŸŎŎÞǼǼssŘ_ǢǼĨsÌŸĶ_sǋǣ˅ǊsĶǼÞŸŘǣÌÞƼNŸŎŎÞǼǼssǋsOŸŘǣÞ_sǋs_ʳ
FAMILIARIZATION PROGRAMMES
ǻÌs_sǼÞĶǣŸ¯¯ŎÞĶÞǋÞʊǼÞŸŘƼǋŸ¶ǋŎŎsǣÞŎƼǋǼs_ǼŸÞŘ_sƼsŘ_sŘǼ_ÞǋsOǼŸǋǣǋsȖƼĶŸ_s_ŸŘǼÌsɠsEǣÞǼsŸ¯ǼÌsNŸŎƼŘɴŘ_
OŘEsOOsǣǣs_ǼÌǋŸȖ¶ÌɠsEĶÞŘĨʲ˚ÌǼǼƼʲˀˀɠɠɠʳĠɴŸǼÌɴĶEŸǋǼŸǋÞsǣʳOŸŎˀOŸǋƼŸǋǼs˚¶ŸɚsǋŘŘOsʳƼÌƼ
AUDIT COMMITTEE
ǻÌs DŸǋ_ Ìǣ OŸŘǣǼÞǼȖǼs_ ɠsĶĶ ǇȖĶÞʩs_ ʩŘŘOÞĶĶɴ ĶÞǼsǋǼs ÞŘ_sƼsŘ_sŘǼ Ȗ_ÞǼ NŸŎŎÞǼǼss ɠÞǼÌ ŎŸǋs ǼÌŘ ǼɠŸ ǼÌÞǋ_ Ÿ¯ ÞǼǣ
ōsŎEsǋǣǣÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋǣŘ_ŗŸŘ˚rɮsOȖǼÞɚs^ÞǋsOǼŸǋǣʳĶĶōsŎEsǋǣŸ¯ǼÌsȖ_ÞǼNŸŎŎÞǼǼssƼŸǣǣsǣǣsɮƼsǋǼĨŘŸɠĶs_¶s
Ÿ¯OOŸȖŘǼǣʰȖ_ÞǼŘ_®ÞŘŘOsʳǻÌsNŸŎƼŘɴǢsOǋsǼǋɴOǼǣǣǼÌsǢsOǋsǼǋɴǼŸǼÌsȖ_ÞǼNŸŎŎÞǼǼssʳ
Composition, Meetings and Attendance

ǻÌsȖ_ÞǼNŸŎŎÞǼǼssÌ_ˤŎssǼÞŘ¶ǣ_ȖǋÞŘ¶ǼÌsɴsǋˡ˟ˠˤ˚ˠ˥ɚÞʊʳʰŸŘōɴˡˤʰˡ˟ˠˤʰğȖĶɴˢ˟ʰˡ˟ˠˤʰŷOǼŸEsǋˡ˟ʰˡ˟ˠˤʰğŘȖǋɴˡ˧ʰ
ˡ˟ˠ˥Ř_ōǋOÌˠˣʰˡ˟ˠ˥ʳǻÌsNŸŎƼŸǣÞǼÞŸŘŸ¯ǼÌsOŸŎŎÞǼǼssŘ_ǼǼsŘ_ŘOsŸ¯sOÌNŸŎŎÞǼǼssōsŎEsǋÞǣǣȖŘ_sǋʲ
Sr. No. Name of the Director No. of Meetings

Held Attended
1 ōǋʳŗÞĶsǣÌDʳōsÌǼʹNÌÞǋŎŘʺ˛ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋ ˤ ˤ
ˡ ōǋʳħʳƻʳƻ_ŎĨȖŎǋ˚ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋ ˤ ˣ
ˢ ōǋʳDÞƼÞŘǊʳǢÌÌ˛ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋ ˤ ˣ
ˣ ōǋʳħʳȕĶĶǣħŎǼÌ˛ğŸÞŘǼōŘ¶ÞŘ¶^ÞǋsOǼŸǋ˓N®ŷ ˤ ˤ
ǊsƼǋsǣsŘǼǼÞɚsǣ Ÿ¯ ÝŘǼsǋŘĶ Ȗ_ÞǼŸǋǣ Ř_ ǢǼǼȖǼŸǋɴ Ȗ_ÞǼŸǋǣ ǼÌǼ ǼÌs ʩŘŘOÞĶ ǣǼǼsŎsŘǼ Þǣ OŸǋǋsOǼʰ ǣȖ¯ʩOÞsŘǼ Ř_
ɠsǋsÞŘɚÞǼssǣǼŸǼÌsȖ_ÞǼNŸŎŎÞǼǼssōssǼÞŘ¶ʳ Oǋs_ÞEĶsʱ
Terms of Reference of Audit Committee ˡʳ ǊsOŸŎŎsŘ_ǼÞŸŘ ¯Ÿǋ ƼƼŸÞŘǼŎsŘǼʰ ǋsŎȖŘsǋǼÞŸŘ Ř_
ǻÌsǻsǋŎǣŸ¯ǋs¯sǋsŘOsŸ¯ǼÌsȖ_ÞǼNŸŎŎÞǼǼssŸ¯ǼÌsNŸŎƼŘɴ ǼsǋŎǣŸ¯ƼƼŸÞŘǼŎsŘǼŸ¯Ȗ_ÞǼŸǋǣŸ¯ǼÌsNŸŎƼŘɴʱ
ǋs ÞŘ OOŸǋ_ŘOs ɠÞǼÌ ǼÌs ǢsOǼÞŸŘ ˠ˦˦ Ř_ ŸǼÌsǋ ƼƼĶÞOEĶs
ƼǋŸɚÞǣÞŸŘǣŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢʰŘ_ǼÌsǊȖĶsǣ¯ǋŎs_ ˢʳ ƼƼǋŸɚĶŸ¯ƼɴŎsŘǼǼŸǢǼǼȖǼŸǋɴȖ_ÞǼŸǋǣ¯ŸǋŘɴŸǼÌsǋ
ǼÌsǋsȖŘ_sǋŘ_Ǌs¶ȖĶǼÞŸŘˠ˧ʹsǋĶÞsǋNĶȖǣsˣ˨Ÿ¯ǼÌsĵÞǣǼÞŘ¶ ǣsǋɚÞOsǣǋsŘ_sǋs_EɴǼÌsǢǼǼȖǼŸǋɴȖ_ÞǼŸǋǣʱ
¶ǋssŎsŘǼʺŸ¯ǼÌsĵÞǣǼÞŘ¶Ǌs¶ȖĶǼÞŸŘǣɠÌÞOÌÞŘǼsǋĶÞÞŘOĶȖ_s
ǼÌs¯ŸĶĶŸɠÞŘ¶ʲ ˣʳ ǊsɚÞsɠÞŘ¶ ɠÞǼÌ ǼÌs ŎŘ¶sŎsŘǼʰ ǼÌs ŘŘȖĶ ®ÞŘŘOÞĶ
ǢǼǼsŎsŘǼǣ Ř_ Ȗ_ÞǼŸǋ˅ǣ ǊsƼŸǋǼ ǼÌsǋsŸŘ Es¯Ÿǋs
ˠʳ ŷɚsǋǣÞ¶ÌǼ Ÿ¯ ǼÌs NŸŎƼŘɴ˅ǣ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ ƼǋŸOsǣǣ ǣȖEŎÞǣǣÞŸŘ ǼŸ ǼÌs DŸǋ_ ¯Ÿǋ ƼƼǋŸɚĶʰ ɠÞǼÌ ƼǋǼÞOȖĶǋ
Ř_ ǼÌs _ÞǣOĶŸǣȖǋs Ÿ¯ ÞǼǣ ʩŘŘOÞĶ ÞŘ¯ŸǋŎǼÞŸŘ ǼŸ sŘǣȖǋs ǋs¯sǋsŘOsǼŸʲ
˨˟ Jyothy Laboratories Limited
ʳ ōǼǼsǋǣ ǋsǇȖÞǋs_ ǼŸ Es ÞŘOĶȖ_s_ ÞŘ ǼÌs ^ÞǋsOǼŸǋ˅ǣ 1ˠʳ rɚĶȖǼÞŸŘ Ÿ¯ ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶǣ Ř_ ǋÞǣĨ
ǊsǣƼŸŘǣÞEÞĶÞǼɴ ǢǼǼsŎsŘǼ ǼŸ Es ÞŘOĶȖ_s_ ÞŘ ǼÌs ŎŘ¶sŎsŘǼǣɴǣǼsŎǣʱ
DŸǋ_˅ǣǋsƼŸǋǼÞŘǼsǋŎǣŸ¯OĶȖǣsʹOʺŸ¯ǣȖE˚ǣsOǼÞŸŘˢ
Ÿ¯ǢsOǼÞŸŘˠˢˣŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢʱ ˠˡʳ ǊsɚÞsɠÞŘ¶ʰ ɠÞǼÌ ǼÌs ŎŘ¶sŎsŘǼʰ Ƽsǋ¯ŸǋŎŘOs Ÿ¯
ǣǼǼȖǼŸǋɴŘ_ÞŘǼsǋŘĶȖ_ÞǼŸǋǣʰ_sǇȖOɴŸ¯ǼÌsÞŘǼsǋŘĶ
Eʳ NÌŘ¶sǣʰÞ¯ŘɴʰÞŘOOŸȖŘǼÞŘ¶ƼŸĶÞOÞsǣŘ_ƼǋOǼÞOsǣ OŸŘǼǋŸĶǣɴǣǼsŎǣʱ
Ř_ǋsǣŸŘǣ¯ŸǋǼÌsǣŎsʱ
ˠˢʳ ǊsɚÞsɠÞŘ¶ǼÌs_sǇȖOɴŸ¯ÞŘǼsǋŘĶȖ_ÞǼ¯ȖŘOǼÞŸŘʰÞ¯Řɴʰ
Oʳ ōĠŸǋOOŸȖŘǼÞŘ¶sŘǼǋÞsǣÞŘɚŸĶɚÞŘ¶sǣǼÞŎǼsǣEǣs_ ÞŘOĶȖ_ÞŘ¶ǼÌsǣǼǋȖOǼȖǋsŸ¯ǼÌsÞŘǼsǋŘĶȖ_ÞǼ_sƼǋǼŎsŘǼʰ
ŸŘǼÌssɮsǋOÞǣsŸ¯ĠȖ_¶ŎsŘǼEɴŎŘ¶sŎsŘǼʱ ǣǼ¯ʩŘ¶ Ř_ ǣsŘÞŸǋÞǼɴ Ÿ¯ ǼÌs Ÿ¯ʩOÞĶ Ìs_ÞŘ¶ ǼÌs
_sƼǋǼŎsŘǼʰǋsƼŸǋǼÞŘ¶ǣǼǋȖOǼȖǋsʰOŸɚsǋ¶sŘ_¯ǋsǇȖsŘOɴ
_ʳ ǢÞ¶ŘÞʩOŘǼ _ĠȖǣǼŎsŘǼǣ Ŏ_s ÞŘ ǼÌs ʩŘŘOÞĶ Ÿ¯ÞŘǼsǋŘĶȖ_ÞǼʱ
ǣǼǼsŎsŘǼǣǋÞǣÞŘ¶ŸȖǼŸ¯Ȗ_ÞǼʩŘ_ÞŘ¶ǣʱ
ˠˣʳ ^ÞǣOȖǣǣÞŸŘ ɠÞǼÌ ÝŘǼsǋŘĶ Ȗ_ÞǼŸǋǣ Ÿ¯ Řɴ ǣÞ¶ŘÞʩOŘǼ
sʳ NŸŎƼĶÞŘOs ɠÞǼÌ ǼÌs ĶÞǣǼÞŘ¶ Ř_ ŸǼÌsǋ Ķs¶Ķ ʩŘ_ÞŘ¶ǣŘ_¯ŸĶĶŸɠȖƼǼÌsǋsŸŘʱ
ǋsǇȖÞǋsŎsŘǼǣǋsĶǼÞŘ¶ǼŸʩŘŘOÞĶǣǼǼsŎsŘǼǣʱ
ˠˤʳ ǊsɚÞsɠÞŘ¶ ǼÌs ʩŘ_ÞŘ¶ǣ Ÿ¯ Řɴ ÞŘǼsǋŘĶ ÞŘɚsǣǼÞ¶ǼÞŸŘǣ Eɴ
ǼÌsÝŘǼsǋŘĶȖ_ÞǼŸǋǣÞŘǼŸŎǼǼsǋǣɠÌsǋsǼÌsǋsÞǣǣȖǣƼsOǼs_
¯ʳ ^ÞǣOĶŸǣȖǋsŸ¯ŘɴǋsĶǼs_ƼǋǼɴǼǋŘǣOǼÞŸŘǣʱ
¯ǋȖ_ŸǋÞǋǋs¶ȖĶǋÞǼɴŸǋ¯ÞĶȖǋsŸ¯ÞŘǼsǋŘĶOŸŘǼǋŸĶǣɴǣǼsŎǣ
Ÿ¯ŎǼsǋÞĶŘǼȖǋsŘ_ǋsƼŸǋǼÞŘ¶ǼÌsŎǼǼsǋǼŸǼÌsDŸǋ_ʱ
¶ʳ ōŸ_Þʩs_ŸƼÞŘÞŸŘʹǣʺÞŘǼÌs_ǋ¯ǼȖ_ÞǼǊsƼŸǋǼʱ
ˠ˥ʳ ^ÞǣOȖǣǣÞŸŘ ɠÞǼÌ ǼÌs ǢǼǼȖǼŸǋɴ Ȗ_ÞǼŸǋǣ Es¯Ÿǋs ǼÌs Ȗ_ÞǼ

ˤʳ ǊsɚÞsɠÞŘ¶ʰɠÞǼÌǼÌsŎŘ¶sŎsŘǼʰsɮŎÞŘsǼÌsǇȖǋǼsǋĶɴ
OŸŎŎsŘOsǣʰEŸȖǼǼÌsŘǼȖǋsŘ_ǣOŸƼsŸ¯Ȗ_ÞǼǣɠsĶĶ
Ř_ ŘŘȖĶ ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ Ř_ Ȗ_ÞǼŸǋǣ˅ ǋsƼŸǋǼ
ǣƼŸǣǼ˚Ȗ_ÞǼ_ÞǣOȖǣǣÞŸŘǼŸǣOsǋǼÞŘŘɴǋsŸ¯OŸŘOsǋŘʱ
Es¯ŸǋsǣȖEŎÞǣǣÞŸŘǼŸǼÌsDŸǋ_¯ŸǋƼƼǋŸɚĶʱ
ˠ˦ʳ ǻŸ ĶŸŸĨ ÞŘǼŸ ǼÌs ǋsǣŸŘǣ ¯Ÿǋ ǣȖEǣǼŘǼÞĶ _s¯ȖĶǼǣ ÞŘ
˥ʳ ǊsɚÞsɠÞŘ¶ʰɠÞǼÌǼÌsŎŘ¶sŎsŘǼʰǼÌsǣǼǼsŎsŘǼŸ¯Ȗǣsǣˀ
ǼÌs ƼɴŎsŘǼ ǼŸ ǼÌs _sƼŸǣÞǼŸǋǣʰ _sEsŘǼȖǋs ÌŸĶ_sǋǣʰ
ƼƼĶÞOǼÞŸŘ Ÿ¯ ¯ȖŘ_ǣ ǋÞǣs_ ǼÌǋŸȖ¶Ì Ř ÞǣǣȖs ʹƼȖEĶÞO
ǣÌǋsÌŸĶ_sǋǣ ʹÞŘ Oǣs Ÿ¯ ŘŸŘ˚ƼɴŎsŘǼ Ÿ¯ _sOĶǋs_
ÞǣǣȖsʰǋÞ¶ÌǼǣÞǣǣȖsʰƼǋs¯sǋsŘǼÞĶÞǣǣȖsʰsǼOʳʺʰǼÌsǣǼǼsŎsŘǼ
_ÞɚÞ_sŘ_ǣʺŘ_Oǋs_ÞǼŸǋǣʱ
Ÿ¯¯ȖŘ_ǣȖǼÞĶÞʊs_¯ŸǋƼȖǋƼŸǣsǣŸǼÌsǋǼÌŘǼÌŸǣsǣǼǼs_ÞŘ
ǼÌs Ÿ¯¯sǋ _ŸOȖŎsŘǼˀ ƼǋŸǣƼsOǼȖǣˀ ŘŸǼÞOs Ř_ ǼÌs ǋsƼŸǋǼ ˠ˧ʳ ǻŸ ǋsɚÞsɠ ǼÌs ¯ȖŘOǼÞŸŘÞŘ¶ Ÿ¯ ǼÌs ɟÌÞǣǼĶs DĶŸɠsǋ
ǣȖEŎÞǼǼs_ Eɴ ǼÌs ŎŸŘÞǼŸǋÞŘ¶ ¶sŘOɴ ŎŸŘÞǼŸǋÞŘ¶ ǼÌs ōsOÌŘÞǣŎŸǋəÞ¶ÞĶōsOÌŘÞǣŎʱ
ȖǼÞĶÞǣǼÞŸŘ Ÿ¯ ƼǋŸOss_ǣ Ÿ¯ ƼȖEĶÞO Ÿǋ ǋÞ¶ÌǼǣ ÞǣǣȖsʰ Ř_
ŎĨÞŘ¶ ƼƼǋŸƼǋÞǼs ǋsOŸŎŎsŘ_ǼÞŸŘǣ ǼŸ ǼÌs DŸǋ_ ǼŸ ˠ˨ʳ ƼƼǋŸɚĶŸ¯ƼƼŸÞŘǼŎsŘǼŸ¯NÌÞs¯®ÞŘŘOÞĶŷ¯ʩOsǋʹÞʳsʳǼÌs
ǼĨsȖƼǣǼsƼǣÞŘǼÌÞǣŎǼǼsǋʱ ɟÌŸĶsǻÞŎs®ÞŘŘOs^ÞǋsOǼŸǋŸǋŘɴŸǼÌsǋƼsǋǣŸŘÌs_ÞŘ¶
ǼÌs ʩŘŘOs ¯ȖŘOǼÞŸŘ Ÿǋ _ÞǣOÌǋ¶ÞŘ¶ ǼÌǼ ¯ȖŘOǼÞŸŘʺ ¯Ǽsǋ
˦ʳ ǊsɚÞsɠ Ř_ ŎŸŘÞǼŸǋ ǼÌs Ȗ_ÞǼŸǋ˅ǣ ÞŘ_sƼsŘ_sŘOs Ř_ ǣǣsǣǣÞŘ¶ǼÌsǇȖĶÞʩOǼÞŸŘǣʰsɮƼsǋÞsŘOsŘ_EOĨ¶ǋŸȖŘ_ʰ
Ƽsǋ¯ŸǋŎŘOsŘ_s¯¯sOǼÞɚsŘsǣǣŸ¯Ȗ_ÞǼƼǋŸOsǣǣʱ sǼOʳŸ¯ǼÌsOŘ_Þ_Ǽsʱ
ˡ˟ʳ NǋǋɴÞŘ¶ ŸȖǼ Řɴ ŸǼÌsǋ ¯ȖŘOǼÞŸŘ ǣ Þǣ ŎsŘǼÞŸŘs_ ÞŘ ǼÌs
˧ʳ ƼƼǋŸɚĶŸǋŘɴǣȖEǣsǇȖsŘǼŎŸ_ÞʩOǼÞŸŘŸ¯ǼǋŘǣOǼÞŸŘǣ
ǼsǋŎǣŸ¯ǋs¯sǋsŘOsŸ¯ǼÌsȖ_ÞǼNŸŎŎÞǼǼssʱ
Ÿ¯ǼÌsNŸŎƼŘɴɠÞǼÌǋsĶǼs_ƼǋǼÞsǣʱ
ǻÌs ǋŸĶs Ÿ¯ ǼÌs Ȗ_ÞǼ NŸŎŎÞǼǼss Þǣ ÞŘ OOŸǋ_ŘOs ɠÞǼÌ ǼÌs
˨ʳ ǢOǋȖǼÞŘɴŸ¯ÞŘǼsǋ˚OŸǋƼŸǋǼsĶŸŘǣŘ_ÞŘɚsǣǼŎsŘǼǣʱ ƼǋŸɚÞǣÞŸŘǣŸ¯Ǌs¶ȖĶǼÞŸŘˠ˧ʹˢʺŸ¯ǼÌsĵÞǣǼÞŘ¶Ǌs¶ȖĶǼÞŸŘǣǋs_
ɠÞǼÌƻǋŸ¯ƻǋǼNŸ¯ǢOÌs_ȖĶsÝÝǼŸǼÌsĵÞǣǼÞŘ¶Ǌs¶ȖĶǼÞŸŘǣ
ˠ˟ʳ əĶȖǼÞŸŘ Ÿ¯ ȖŘ_sǋǼĨÞŘ¶ǣ Ÿǋ ǣǣsǼǣ Ÿ¯ ǼÌs NŸŎƼŘɴʰ ʹsǋĶÞsǋNĶȖǣsˣ˨Ÿ¯ǼÌsĵÞǣǼÞŘ¶¶ǋssŎsŘǼʺŘ_ǢsOǼÞŸŘˠ˦˦Ÿ¯
ɠÌsǋsɚsǋÞǼÞǣŘsOsǣǣǋɴʱ ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢʳ
ÝŘ__ÞǼÞŸŘʰǼÌsNŸŎŎÞǼǼssĶǣŸǋsɚÞsɠǣǼÌsÞŘ¯ŸǋŎǼÞŸŘǣǣƼsOÞʩs_ÞŘƻǋDŸ¯ƻǋǼNŸ¯ǢOÌs_ȖĶsÝÝǼŸǼÌsĵÞǣǼÞŘ¶Ǌs¶ȖĶǼÞŸŘǣʳ
NOMINATION, REMUNERATION AND COMPENSATION COMMITTEE

Composition, Meetings and Attendance
ǻÌsŗŸŎÞŘǼÞŸŘʰǊsŎȖŘsǋǼÞŸŘŘ_NŸŎƼsŘǣǼÞŸŘNŸŎŎÞǼǼssOŸŎƼǋÞǣsǣŸ¯ǼÌs¯ŸĶĶŸɠÞŘ¶¯ŸȖǋōsŎEsǋǣʳǻÌsNŸŎŎÞǼǼss_ȖǋÞŘ¶
ǼÌsɴsǋsŘ_s_ōǋOÌˢˠʰˡ˟ˠ˥ŎsǼˢǼÞŎsǣɚÞʊʳʰŸŘōɴˡˤʰˡ˟ˠˤʰğȖĶɴˢ˟ʰˡ˟ˠˤŘ_ōǋOÌˠˣʰˡ˟ˠ˥ʳ
Corporate Overview Performance Governance Financial Statements ˨ˠ
ǻÌsǼǼsŘ_ŘOsǼǼÌsǣsŎssǼÞŘ¶ǣɠǣǣȖŘ_sǋʲ
Sr. No. Name of the Director Category No. of Meetings
Held Attended
1 ōǋʳŗÞĶsǣÌDʳōsÌǼʹNÌÞǋŎŘʺ ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋ ˢ ˢ
ˡ ōǋʳōʳƻʳǊŎOÌŘ_ǋŘ NÌÞǋŎŘ˓ōŘ¶ÞŘ¶^ÞǋsOǼŸǋ ˢ ˢ
ˢ ōǋʳħʳƻʳƻ_ŎĨȖŎǋ ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋ ˢ ˢ
ˣ ōǋʳǊʳĵĨǣÌŎÞŘǋɴŘŘ ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋ ˢ ˡ
Terms of Reference of Nomination, Remuneration and ʹ˦ʺ ǻŸ _sǼsǋŎÞŘsʰ ƼsǋȖǣs Ř_ ʩŘĶÞʊs ǼsǋŎǣ Ř_ OŸŘ_ÞǼÞŸŘǣ
Compensation Committee ÞŘOĶȖ_ÞŘ¶ǋsŎȖŘsǋǼÞŸŘƼɴEĶsǼŸrɮsOȖǼÞɚsˀɟÌŸĶsǻÞŎs
ǻÌs NŸŎŎÞǼǼss Þǣ _ȖĶɴ OŸŘǣǼÞǼȖǼs_ ÞŘ OOŸǋ_ŘOs ɠÞǼÌ ^ÞǋsOǼŸǋǣŘ_ħsɴōŘ¶sǋÞĶƻsǋǣŸŘŘsĶŸ¯ǼÌsNŸŎƼŘɴ
ǢsOǼÞŸŘˠ˦˧Ř_ŸǼÌsǋƼǋŸɚÞǣÞŸŘǣŸ¯NŸŎƼŘÞsǣOǼʰˡ˟ˠˢŘ_ ¯ǋŸŎǼÞŎsǼŸǼÞŎsʱ
Ǌs¶ȖĶǼÞŸŘˠ˨Ÿ¯ǼÌsĵÞǣǼÞŘ¶Ǌs¶ȖĶǼÞŸŘǣʹsǋĶÞsǋNĶȖǣsˣ˨Ÿ¯
ǼÌsĵÞǣǼÞŘ¶¶ǋssŎsŘǼʺŘ_ÞǣsŎƼŸɠsǋs_ǼŸ_ŸǼÌs¯ŸĶĶŸɠÞŘ¶ʲ ʹ˧ʺ ǻŸ ǋsɚÞsɠʰ ŎsŘ_ Ÿǋ ǋǼÞ¯ɴ ǼÌs sɮÞǣǼÞŘ¶ ǼsǋŎǣ Ř_
OŸŘ_ÞǼÞŸŘǣÞŘOĶȖ_ÞŘ¶ǋsŎȖŘsǋǼÞŸŘƼɴEĶsǼŸrɮsOȖǼÞɚsˀ
ʹˠʺ ǻŸ ¯ŸǋŎȖĶǼs OǋÞǼsǋÞ ¯Ÿǋ _sǼsǋŎÞŘÞŘ¶ ǇȖĶÞʩOǼÞŸŘǣʰ ɟÌŸĶs ǻÞŎs ^ÞǋsOǼŸǋǣ Ř_ ħsɴ ōŘ¶sǋÞĶ ƻsǋǣŸŘŘsĶ Ÿ¯
ƼŸǣÞǼÞɚs ǼǼǋÞEȖǼsǣ Ř_ ÞŘ_sƼsŘ_sŘOs Ÿ¯ _ÞǋsOǼŸǋ Ř_ ǼÌsNŸŎƼŘɴʱ
ǋsOŸŎŎsŘ_ǼŸǼÌsDŸǋ_ʰƼŸĶÞOɴǋsĶǼÞŘ¶ǼŸƼƼŸÞŘǼŎsŘǼ
Ř_ǋsŎȖŘsǋǼÞŸŘ¯Ÿǋ^ÞǋsOǼŸǋǣʰħsɴōŘ¶sǋÞĶƻsǋǣŸŘŘsĶ ʹ˨ʺ ǻŸƼƼĶɴǼŸǼÌsōÞŘÞǣǼǋɴŸ¯NŸǋƼŸǋǼs¯¯Þǋǣʰŗsɠ^sĶÌÞ
Ř_ŸǼÌsǋǣsŘÞŸǋsŎƼĶŸɴssǣʱ Ÿǋ Řɴ ȖǼÌŸǋÞǼɴ ǣȖEŸǋ_ÞŘǼs_ ǼÌsǋs ȖŘ_sǋ ǋs¶ǋ_ÞŘ¶
ǼÌsÞǋƼƼǋŸɚĶ¯ŸǋƼɴŎsŘǼŸ¯ǋsŎȖŘsǋǼÞŸŘǼŸrɮsOȖǼÞɚsˀ
ʹˡʺ ǻŸ¯ŸǋŎȖĶǼsOǋÞǼsǋÞ¯ŸǋsɚĶȖǼÞŸŘŸ¯ǼÌsŎsŎEsǋǣŸ¯ǼÌs ɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋǣǣŎɴEsǋsǇȖÞǋs_ȖŘ_sǋǼÌsǣÞ_
DŸǋ_ Ÿ¯ ^ÞǋsOǼŸǋǣ ÞŘOĶȖ_ÞŘ¶ ÝŘ_sƼsŘ_sŘǼ ^ÞǋsOǼŸǋǣʰ ǼÌs OǼʱ
DŸǋ_Ÿ¯^ÞǋsOǼŸǋǣŘ_ǼÌsNŸŎŎÞǼǼssǣǼÌsǋsŸ¯ʱ
ʹˠ˟ʺ ǻŸOŸŘǣÞ_sǋŘ_ƼƼǋŸɚsrǢŷƻǢOÌsŎsŘ_ǼŸƼsǋ¯ŸǋŎĶĶ
ʹˢʺ ǻŸ_sɚÞǣsƼŸĶÞOɴŸŘDŸǋ_^ÞɚsǋǣÞǼɴʱ ǣȖOÌOǼǣʰ_ss_ǣŘ_¯ȖŘOǼÞŸŘǣÞŘOĶȖ_ÞŘ¶ʰEȖǼŘŸǼĶÞŎÞǼs_
ǼŸʰǼÌsŎǼǼsǋǣǣƼsOÞʩs_ÞŘNĶȖǣsˤŸ¯ǼÌsǢsOȖǋÞǼÞsǣŘ_
ʹˣʺ ǻŸÞ_sŘǼÞ¯ɴƼsǋǣŸŘǣʰǇȖĶÞʩs_ǼŸEsOŸŎs^ÞǋsOǼŸǋǣŘ_ɠÌŸ
rɮOÌŘ¶sDŸǋ_Ÿ¯ÝŘ_ÞʹrŎƼĶŸɴssǢǼŸOĨŷƼǼÞŸŘǢOÌsŎs
Ŏɴ Es ƼƼŸÞŘǼs_ ÞŘ ǣsŘÞŸǋ ŎŘ¶sŎsŘǼ ÞŘ OOŸǋ_ŘOs
Ř_rŎƼĶŸɴssǢǼŸOĨƻȖǋOÌǣsǢOÌsŎsʺµȖÞ_sĶÞŘsǣʰˠ˨˨˨
ɠÞǼÌǼÌsOǋÞǼsǋÞĶÞ__ŸɠŘŘ_ǋsOŸŎŎsŘ_ǼŸǼÌsDŸǋ_ʰ
ǣ ŎsŘ_s_ ¯ǋŸŎ ǼÞŎs ǼŸ ǼÞŎs Ř_ ŎǼǼsǋǣ ÞŘOÞ_sŘǼĶˀ
ǼÌsÞǋƼƼŸÞŘǼŎsŘǼŘ_ɠÌsǋsŘsOsǣǣǋɴʰǼÌsÞǋǋsŎŸɚĶʱ
ǣȖƼƼĶsŎsŘǼĶǼÌsǋsǼŸʱ
ʹˤʺ ǻŸ¯ŸǋŎȖĶǼsƼŸĶÞOɴsŘǣȖǋÞŘ¶ǼÌs¯ŸĶĶŸɠÞŘ¶ʲ
ʹˠˠʺ ǻŸǋsOŸŎŎsŘ_ǼŸǼÌsDŸǋ_Ÿ¯^ÞǋsOǼŸǋǣʰǼÌsÞǋ_sOÞǣÞŸŘǣ
ʳ ǻÌs ĶsɚsĶ Ř_ OŸŎƼŸǣÞǼÞŸŘ Ÿ¯ ǋsŎȖŘsǋǼÞŸŘ Þǣ Ř_¯ȖǋǼÌsǋOǼÞŸŘǣǣǼÌsɴŎɴ_ssŎʩǼʳ
ǋsǣŸŘEĶs Ř_ ǣȖ¯ʩOÞsŘǼ ǼŸ ǼǼǋOǼʰ ǋsǼÞŘ Ř_
ŎŸǼÞɚǼs_ÞǋsOǼŸǋǣŸ¯ǼÌsǇȖĶÞǼɴǋsǇȖÞǋs_ǼŸǋȖŘǼÌs Performance evaluation criteria for Independent Directors:
NŸŎƼŘɴǣȖOOsǣǣ¯ȖĶĶɴʰ ǣ Ƽsǋ ǼÌs ǊsŎȖŘsǋǼÞŸŘ ƻŸĶÞOɴ Ÿ¯ ǼÌs NŸŎƼŘɴʰ ǼÌs
ÝŘ_sƼsŘ_sŘǼ ^ÞǋsOǼŸǋǣ ɠÞĶĶ Es sɚĶȖǼs_ ŸŘ ʩɚs OǋÞǼsǋÞ ǣ
Eʳ ǊsĶǼÞŸŘǣÌÞƼŸ¯ǋsŎȖŘsǋǼÞŸŘǼŸƼsǋ¯ŸǋŎŘOsÞǣOĶsǋ ŎsŘǼÞŸŘs_EsĶŸɠʲ
Ř_ ŎssǼǣ ƼƼǋŸƼǋÞǼs Ƽsǋ¯ŸǋŎŘOs EsŘOÌŎǋĨǣʰ
ˠʺ rǼÌÞOǣŘ_əĶȖsǣ
Ř_
ˡʺ ħŘŸɠĶs_¶sŘ_ƼǋŸʩOÞsŘOɴ
Oʳ ǋsŎȖŘsǋǼÞŸŘǼŸ_ÞǋsOǼŸǋǣʰĨsɴŎŘ¶sǋÞĶƼsǋǣŸŘŘsĶ ˢʺ ^ÞĶÞ¶sŘOs
Ř_ǣsŘÞŸǋŎŘ¶sŎsŘǼÞŘɚŸĶɚsǣEĶŘOsEsǼɠssŘ ˣʺ DsÌɚÞŸǋĶǼǋÞǼǣʱŘ_
ʩɮs_ Ř_ ÞŘOsŘǼÞɚs Ƽɴ ǋsʪsOǼÞŘ¶ ǣÌŸǋǼ Ř_ ĶŸŘ¶
ˤʺ r¯¯ŸǋǼǣ¯ŸǋƼsǋǣŸŘĶ_sɚsĶŸƼŎsŘǼ
ǼsǋŎ Ƽsǋ¯ŸǋŎŘOs ŸEĠsOǼÞɚsǣ ƼƼǋŸƼǋÞǼs ǼŸ ǼÌs
ɠŸǋĨÞŘ¶Ÿ¯ǼÌsNŸŎƼŘɴŘ_ÞǼǣ¶ŸĶǣʱ
ǻÌsEŸɚsʩɚsOǋÞǼsǋÞɠÞĶĶEs¯ȖǋǼÌsǋ_ÞɚÞ_s_ÞŘǼŸǣȖE˚OǋÞǼsǋÞʰ
ʹ˥ʺ ǻŸ_sǣÞ¶ŘǼÌsNŸŎƼŘɴ˅ǣƼŸĶÞOɴŸŘǣƼsOÞʩOǋsŎȖŘsǋǼÞŸŘ ŘŸǼ sɮOss_ÞŘ¶ ʩɚs ¯Ÿǋ sOÌ Ÿ¯ ǼÌs OǋÞǼsǋÞʳ ǻÌsǣs ɠÞĶĶ ĶǣŸ
ƼOĨ¶sǣ ¯Ÿǋ rɮsOȖǼÞɚsˀ ɟÌŸĶs ǻÞŎs ^ÞǋsOǼŸǋǣ Ř_ ħsɴ EǋÞŘ¶ ŸȖǼ ɠÌsǼÌsǋ Ÿǋ ŘŸǼ ^ÞǋsOǼŸǋ Ìǣ ŘsOsǣǣǋɴ ƼŸǣÞǼÞɚs
ōŘ¶sǋÞĶ ƻsǋǣŸŘŘsĶ ÞŘOĶȖ_ÞŘ¶ ƼsŘǣÞŸŘ ǋÞ¶ÌǼǣ Ř_ Řɴ ǼǼǋÞEȖǼsǣ ǋsǇȖÞǋs_ ¯Ÿǋ _ÞǣOÌǋ¶ÞŘ¶ ÌÞǣ _ȖǼÞsǣʰ ¯ȖŘOǼÞŸŘǣ Ř_
ŸǼÌsǋOŸŎƼsŘǣǼÞŸŘƼɴŎsŘǼʱ ǋsǣƼŸŘǣÞEÞĶÞǼÞsǣǣǼÌs^ÞǋsOǼŸǋŸ¯ǼÌsNŸŎƼŘɴʳ
˨ˡ Jyothy Laboratories Limited
ǋǼÞŘ¶ǣOĶsŸ¯ˤʹʩɚsʺÞǣȖǣs_ǼŸ¶ÞɚsǣOŸǋsǣ¯ŸǋsOÌŸ¯ǼÌs ÞÞʺ rɮÞǣǼÞŘ¶ǋsŎȖŘsǋǼÞŸŘ_ǋɠŘʳ

ǣȖEOǋÞǼsǋÞʲ ÞÞÞʺ ÝŘ_ȖǣǼǋɴ ǣǼŘ_ǋ_ǣʰ Þ¯ ǼÌs _Ǽ ÞŘ ǼÌÞǣ ǋs¶ǋ_ Þǣ
ˠʺ ŷȖǼǣǼŘ_ÞŘ¶˚ˤ ɚÞĶEĶsʳ
ˡʺ əsǋɴµŸŸ_˚ˣ Þɚʺ ǻÌsĠŸE_sǣOǋÞƼǼÞŸŘʳ
ˢʺ µŸŸ_˚ˢ ɚʺ ǆȖĶÞʩOǼÞŸŘǣŘ_sɮƼsǋÞsŘOsĶsɚsĶǣŸ¯ǼÌsOŘ_Þ_Ǽsʳ
ˣʺ ȕŘǣǼÞǣ¯OǼŸǋɴ˚ˡ ɚÞʺ ǊsŎȖŘsǋǼÞŸŘ_ǋɠŘEɴǼÌsŸȖǼ¶ŸÞŘ¶sŎƼĶŸɴssʰÞŘ
ˤʺ ƻŸŸǋ˚ˠ OǣsǼÌsƼƼŸÞŘǼŎsŘǼÞǣǼŸʩĶĶɚOŘOɴŸŘǼÌs_sǼÌʰ
ǋsǣÞ¶ŘǼÞŸŘʰǋsŎŸɚĶsǼOʳŸ¯ŘsɮÞǣǼÞŘ¶sŎƼĶŸɴssʳ
rOÌ sɚĶȖǼÞŘ¶ ^ÞǋsOǼŸǋ ɠÞĶĶ ƼǋŸɚÞ_s ǣOŸǋs ¯Ÿǋ sOÌ Ÿ¯ ǼÌs ɚÞÞʺ ǻÌsǋsŎȖŘsǋǼÞŸŘ_ǋɠŘEɴŸǼÌsǋsŎƼĶŸɴssǣÞŘǼÌs
ÝŘ_sƼsŘ_sŘǼ ^ÞǋsOǼŸǋʳ ǻÌs sɚĶȖǼÞŘ¶ ^ÞǋsOǼŸǋ ɠÞĶĶ ¶Þɚs ǣOŸǋs ¶ǋ_s ɠÞǼÌ ŎǼOÌÞŘ¶ ǇȖĶÞʩOǼÞŸŘǣ Ř_ ǣsŘÞŸǋÞǼɴʰ Þ¯
¯Ÿǋ sOÌ Ÿ¯ ǼÌs ǣȖE˚OǋÞǼsǋÞ OŸŎƼǋÞǣÞŘ¶ sOÌ Ÿ¯ ǼÌs OǋÞǼsǋÞ ƼƼĶÞOEĶsʳ
ŎsŘǼÞŸŘs_EŸɚsʳǻÌsǣOŸǋsɠÞĶĶEsEǣs_ŸŘǼÌsǋǼÞŘ¶ǣOĶs
ǣŎsŘǼÞŸŘs_EŸɚsʳ Eʺ ǻÌs_sǼsǋŎÞŘǼÞŸŘŸ¯ǋsŎȖŘsǋǼÞŸŘ¯ŸǋŸǼÌsǋsŎƼĶŸɴssǣ
ǣÌĶĶEs¶ŸɚsǋŘs_EɴǼÌsËǊƻŸĶÞOɴʳ
ǻÌssɚĶȖǼŸǋɠÞĶĶÌɚsǼŸƼǋŸɚÞ_sǋsǣŸŘǣ¯ŸǋǋǼÞŘ¶ǣOŸǋsŸ¯ˠ
ŸǋˡŘ_ǣȖ¶¶sǣǼÞŸŘǣʰÞ¯Řɴʰ¯ŸǋÞŎƼǋŸɚsŎsŘǼʳǻÌsʩŘĶǣOŸǋs Oʺ ǻÌs ƼǋŸƼŸǣĶ ¯Ÿǋ ǼÌs ƼƼŸÞŘǼŎsŘǼ Ÿ¯ Ř rɮsOȖǼÞɚs
¯ŸǋsOÌŸ¯ǼÌsÞŘ_sƼsŘ_sŘǼ_ÞǋsOǼŸǋɠÞĶĶEsǋǋÞɚs_ǼÞŘǼÌs ^ÞǋsOǼŸǋˀ ħsɴ ōŘ¶sǋÞĶ ƻsǋǣŸŘŘsĶ ǣÌĶĶ ƼǋŸɚÞ_s
ŎŘŘsǋ¶ÞɚsŘEsĶŸɠʲ ŘsOsǣǣǋɴÞŘ¯ŸǋŎǼÞŸŘÞŘǼÌÞǣǋs¶ǋ_ɠÌÞOÌǼÌsDŸǋ_ɠÞĶĶ
OŸŘǣÞ_sǋÞŘǋǋÞɚÞŘ¶ǼǼÌsOŸŘOĶȖǣÞŸŘǣǼŸɠÌsǼÌsǋŸǋŘŸǼ
Þʺ ǻÌs ǣOŸǋs ¯Ÿǋ sOÌ Ÿ¯ ǼÌs OǋÞǼsǋÞ ɠÞĶĶ Es ǋǋÞɚs_ Ǽ Eɴ ǼÌsǋsŎȖŘsǋǼÞŸŘŸ¯¯sǋs_ǼŸǼÌsOŘ_Þ_ǼsÞǣƼƼǋŸƼǋÞǼsʰ
¶¶ǋs¶ǼÞŘ¶ǼÌsǣOŸǋsǣ¯ŸǋǣȖE˚OǋÞǼsǋÞŘ__ÞɚÞ_ÞŘ¶ǼÌsŎ ǋsǣŸŘEĶs Ř_ EĶŘOs_ ǣ ǼŸ ǼÌs ʩɮs_ Ř_ ɚǋÞEĶs
EɴǼÌsŘȖŎEsǋŸ¯ǣȖEOǋÞǼsǋÞʳ ƼŸǋǼÞŸŘǣʹÞŘOĶȖ_ÞŘ¶ǼÌsOŸŎŎÞǣǣÞŸŘʺʳ
ÞÞʺ ǻÌsǼŸǼĶǣOŸǋs¯ǋŸŎsOÌsɚĶȖǼŸǋɠÞĶĶEsǋǋÞɚs_ǼEɴ _ʺ ǻÌs ǋsŎȖŘsǋǼÞŸŘ ƼɴEĶs ǼŸ ǼÌs rɮsOȖǼÞɚs ^ÞǋsOǼŸǋǣʰ
__ÞŘ¶ȖƼǼÌsǣOŸǋsǣŸ¯ĶĶOǋÞǼsǋÞŘ__ÞɚÞ_ÞŘ¶ǼÌsǼŸǼĶ ÞŘOĶȖ_ÞŘ¶ ǼÌs NŸŎŎÞǣǣÞŸŘ Ř_ ɚĶȖs Ÿ¯ ǼÌs ƼsǋǇȖÞǣÞǼsǣʰ
Eɴˤʹʩɚsʺʳ ǣÌĶĶŘŸǼsɮOss_ǼÌsƼsǋŎÞǣǣÞEĶsĶÞŎÞǼǣǣǋsŎsŘǼÞŸŘs_
ɠÞǼÌÞŘǼÌsƼǋŸɚÞǣÞŸŘǣŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢʳ
ÞÞÞʺ ǻÌsǼŸǼĶǣOŸǋs¯ŸǋŘÞŘ_sƼsŘ_sŘǼ_ÞǋsOǼŸǋɠÞĶĶEsǋǋÞɚs_
ǼEɴ__ÞŘ¶ǼÌsǣOŸǋsǣ¯ǋŸŎĶĶsɚĶȖǼŸǋǣŘ__ÞɚÞ_ÞŘ¶ sʺ ǻÌs rɮsOȖǼÞɚs ^ÞǋsOǼŸǋǣ ǣÌĶĶ ŘŸǼ Es sĶÞ¶ÞEĶs ǼŸ ǋsOsÞɚs
ǣȖOÌǼŸǼĶǣOŸǋsEɴǼÌsŘȖŎEsǋŸ¯sɚĶȖǼŸǋǣʳ ǢÞǼǼÞŘ¶ ¯ssǣ ¯Ÿǋ ǼǼsŘ_ÞŘ¶ ǼÌs ŎssǼÞŘ¶ǣ Ÿ¯ ǼÌs DŸǋ_ Ÿǋ
NŸŎŎÞǼǼssǣ ǼÌsǋsŸ¯ Ÿ¯ ǼÌs NŸŎƼŘɴ Ř_ ÞǼǣ ǢȖEǣÞ_Þǋɴ
ǻÌsNÌÞǋŎŘɠÞĶĶOŸŘɚsɴǼÌsǋsǣȖĶǼŸ¯ǼÌssɚĶȖǼÞŸŘǼŸǼÌs NŸŎƼŘÞsǣʳ
OŸŘOsǋŘs_ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋʳÝŘOǣsǼÌsǼŸǼĶǣOŸǋsŸ¯Ř
ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋÞǣĶsǣǣǼÌŘŸǋsǇȖĶǼŸˡʰǼÌsNÌÞǋŎŘ ¯ʺ ǻÌs ŗŸŘ˚rɮsOȖǼÞɚs ^ÞǋsOǼŸǋǣ ǣÌĶĶ ŘŸǼ Es sĶÞ¶ÞEĶs ǼŸ
ǣÌĶĶ OŸŘɚsɴ ǼŸ ǣȖOÌ ÝŘ_sƼsŘ_sŘǼ ^ÞǋsOǼŸǋ ǼÌs ǋsǣŸŘǣ ¯Ÿǋ ǋsOsÞɚs Řɴ ǋsŎȖŘsǋǼÞŸŘˀ ǣĶǋɴ ¯ǋŸŎ ǼÌs NŸŎƼŘɴʳ
ǼÌsǣOŸǋsŎsŘǼÞŸŘs_EɴǼÌssɚĶȖǼŸǋʹǣʺʰŘ_ǣȖ¶¶sǣǼÞŸŘǣ¯Ÿǋ ËŸɠsɚsǋʰ ǼÌs ŗŸŘ˚rɮsOȖǼÞɚs ^ÞǋsOǼŸǋǣ ǣÌĶĶ Es ƼÞ_
ÞŎƼǋŸɚsŎsŘǼǣʰÞ¯ŘɴʳÝ¯ŘÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋ¶sǼǣǣOŸǋs ǣÞǼǼÞŘ¶ ¯ssǣ ¯Ÿǋ ǼǼsŘ_ÞŘ¶ ǼÌs ŎssǼÞŘ¶ Ÿ¯ ǼÌs DŸǋ_ Ÿǋ
Ÿ¯ĶsǣǣǼÌŘŸǋsǇȖĶǼŸˡ¯ŸǋÌÞǣɠÌŸĶsǼsŘȖǋsʹǣƼǋŸɚÞ_s_ NŸŎŎÞǼǼssǣǼÌsǋsŸ¯Ř_OŸŎŎÞǣǣÞŸŘʰǣŎɴEs_sOÞ_s_
ȖŘ_sǋ ǼÌs ƼǋŸɚÞǣÞŸŘǣ Ÿ¯ ǼÌs NŸŎƼŘÞsǣ OǼʰ ˡ˟ˠˢʺʰ Ìsˀ ǣÌs EɴǼÌsDŸǋ_ˀǢÌǋsÌŸĶ_sǋǣ¯ǋŸŎǼÞŎsǼŸǼÞŎsʳ
ǣÌĶĶŘŸǼEssĶÞ¶ÞEĶs¯Ÿǋǋs˚ƼƼŸÞŘǼŎsŘǼ¯Ÿǋ¯ȖǋǼÌsǋǼsǋŎǣ
^ÞǋsOǼŸǋŸ¯ǼÌsNŸŎƼŘɴʳ ¶ʺ ǻÌs ŗŸŘ˚rɮsOȖǼÞɚs ^ÞǋsOǼŸǋǣ ǣÌĶĶ ĶǣŸ Es sĶÞ¶ÞEĶs ¯Ÿǋ
ǋsÞŎEȖǋǣsŎsŘǼ Ÿ¯ ǋsǣŸŘEĶs ŸȖǼ˚Ÿ¯˚ƼŸOĨsǼ sɮƼsŘǣsǣ
ǻÌs ƻsǋ¯ŸǋŎŘOs rɚĶȖǼÞŸŘ Ÿ¯ rɮsOȖǼÞɚs ^ÞǋsOǼŸǋǣ Ř_ ħsɴ ÞŘOȖǋǋs_ Eɴ ǼÌsŎ ¯Ÿǋ ǼǼsŘ_ÞŘ¶ ŎssǼÞŘ¶ǣ Ÿ¯ ǼÌs DŸǋ_ʰ
ōŘ¶sǋÞĶƻsǋǣŸŘŘsĶǣÌĶĶEsOǋǋÞs_ŸȖǼEɴǼÌsÝŘ_sƼsŘ_sŘǼ NŸŎŎÞǼǼssǣŸǋǢÌǋsÌŸĶ_sǋǣʰÞŘOĶȖ_ÞŘ¶ǼÌsǼǋɚsĶĶÞŘ¶Ř_
^ÞǋsOǼŸǋǣÞŘǼÌsŎŘŘsǋŎsŘǼÞŸŘs_EŸɚsǼĨÞŘ¶ÞŘǼŸOOŸȖŘǼ ĶŸ_¶ÞŘ¶˓EŸǋ_ÞŘ¶sɮƼsŘǣsǣŸŘŘOǼȖĶEǣÞǣʳ
ǼÌs Ƽsǋ¯ŸǋŎŘOs ¶ÞŘǣǼ ǼÌs OŸǋƼŸǋǼs ¶ŸĶǣ Ř_ ŸEĠsOǼÞɚsǣ
ǻÌsŎŸȖŘǼŸ¯ǣÞǼǼÞŘ¶¯ssŘ_OŸŎŎÞǣǣÞŸŘƼɴEĶsǼŸŗŸŘ˚
ŸŘǼÌsEǣÞǣŸ¯Ƽsǋ¯ŸǋŎŘOsƼǋŎsǼsǋǣsǼ¯ŸǋsOÌrɮsOȖǼÞɚs
rɮsOȖǼÞɚs^ÞǋsOǼŸǋǣǣÌĶĶŘŸǼsɮOss_ǼÌsĶÞŎÞǼǣƼǋsǣOǋÞEs_
^ÞǋsOǼŸǋŘ_ħsɴōŘ¶sǋÞĶƻsǋǣŸŘŘsĶʳ
ȖŘ_sǋ ǼÌs ƼǋŸɚÞǣÞŸŘǣ Ÿ¯ ǼÌs NŸŎƼŘÞsǣ OǼʰ ˡ˟ˠˢ Ř_
ƼƼǋŸɚs_EɴōsŎEsǋǣŸ¯ǼÌsNŸŎƼŘɴʳ
Remuneration Policy
ǻÌs NŸŎƼŘɴ ¯ŸĶĶŸɠǣ ƼŸĶÞOɴ ŸŘ ǋsŎȖŘsǋǼÞŸŘ Ÿ¯ ^ÞǋsOǼŸǋǣ rɮƼĶŘǼÞŸŘʲ®ŸǋǼÌsƼȖǋƼŸǣsǣŸ¯ǼÌÞǣƻŸĶÞOɴʰǊsŎȖŘsǋǼÞŸŘ
Ř_ǢsŘÞŸǋōŘ¶sŎsŘǼrŎƼĶŸɴssǣʳ ǣÌĶĶŎsŘǼÌsNŸǣǼǼŸǼÌsNŸŎƼŘɴŘ_ǣÌĶĶÞŘOĶȖ_sǼÌs
ǣĶǋɴʰĶĶŸɠŘOsǣʰƼsǋǇȖÞǣÞǼsǣʰƼsǋ¯ŸǋŎŘOsÞŘOsŘǼÞɚsŘ_
ʺ ɟÌÞĶs _sǼsǋŎÞŘÞŘ¶ ǼÌs ǋsŎȖŘsǋǼÞŸŘ Ÿ¯ rɮsOȖǼÞɚs Řɴ ŸǼÌsǋ ¯OÞĶÞǼɴ ƼǋŸɚÞ_s_ Ÿǋ ƼɴŎsŘǼ Ŏ_s ǼŸ Ÿǋ ŸŘ
^ÞǋsOǼŸǋǣ Ř_ ħsɴ ōŘ¶sǋÞĶ ƻsǋǣŸŘŘsĶʰ ǼÌs DŸǋ_ EsÌĶ¯Ÿ¯ǼÌssŎƼĶŸɴssʳ
OŸŘǣÞ_sǋǣ¯ŸĶĶŸɠÞŘ¶¯OǼŸǋǣʲ
Þʺ NǋÞǼsǋÞˀŘŸǋŎǣ¯Ÿǋ_sǼsǋŎÞŘÞŘ¶ǼÌsǋsŎȖŘsǋǼÞŸŘŸ¯ Ìʺ ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋǣǣÌĶĶŘŸǼEssĶÞ¶ÞEĶsǼŸƼǋǼÞOÞƼǼs
ǣȖOÌsŎƼĶŸɴssǣƼǋsǣOǋÞEs_ÞŘǼÌsËǊƻŸĶÞOɴʳ ÞŘǼÌsrǢŷƻǢOÌsŎsʰÞ¯Řɴʳ
Corporate Overview Performance Governance Financial Statements ˨ˢ
^sǼÞĶǣŸ¯ǊsŎȖŘsǋǼÞŸŘƼÞ_ǼŸ^ÞǋsOǼŸǋǣ¯ŸǋǼÌsʩŘŘOÞĶɴsǋsŘ_s_ōǋOÌˢˠʰˡ˟ˠ˥ʲ
Executive Directors
ʹŎŸȖŘǼÞŘ`sɮOsƼǼǢǼŸOĨŷƼǼÞŸŘǣ^Ǽʺ
ŗŎsŸ¯ǼÌs^ÞǋsOǼŸǋ ǢĶǋɴÞŘOĶȖ_ÞŘ¶ ƻǋŸɚÞ_sŘǼ®ȖŘ_ Superannuation Commission ǻŸǼĶ ǢǼŸOĨŷƼǼÞŸŘǣ
DsŘsʩǼǣ˓ ƼɴEĶs µǋŘǼs_ʹÝŘŗŸǣʳʺ
ƻsǋǇȖÞǣÞǼsǣ
ōǋʳōʳƻʳǊŎOÌŘ_ǋŘ 1 ˚ ˚ ˣʰˡˠʰ˟ˢʰˤˠ˟ ˣʰˡˠʰ˟ˢʰˤˠˠ ˚
ōǋʳħʳȕĶĶǣħŎǼÌ ˠʰ˧˟ʰ˟˟ʰ˟˟˟ ˡˠʰ˥˟ʰ˟˟˟ ˠ˧ʰ˟˟ʰ˟˟˟ ˢʰ˦˧ʰ˨ˢʰˠˤ˨ ˤʰ˨˧ʰˤˢʰˠˤ˨ ˚
ōǋʳǢʳǊ¶ÌȖŘŘ_Ř ˣʰˢ˦ʰ˥˟ʰ˟˟˟ ˣ˦ʰˤˡʰ˟˟˟ ˚ ˚ ˣʰ˧ˤʰˠˡʰ˟˟˟ ˡˡʰ˥ˡʰ˦˨ˢˎ
ōǣʳōʳǊʳğɴŸǼÌɴ ˨ˡʰˣ˟ʰ˟˟˟ ˠ˟ʰ˟˧ʰ˟˟˟ ˚ ˚ ˠʰ˟ˡʰˣ˧ʰ˟˟˟ ˚
®Ÿǋ¯ȖǋǼÌsǋ_sǼÞĶǣƼĶsǣsǋs¯sǋǼŸŗŸǼsŗŸʳˢˠŸ¯ǼÌsŗŸǼsǣǼŸ®ÞŘŘOÞĶǢǼǼsŎsŘǼǣɠÌÞOÌ¯ŸǋŎǣƼǋǼŸ¯ǼÌsŘŘȖĶǊsƼŸǋǼʳ
ˎÝŘÞǼÞĶĶɴˡ˦ʰˠˤʰˢˤˡǣǼŸOĨŸƼǼÞŸŘǣɠsǋs¶ǋŘǼs_ʰŸȖǼŸ¯ɠÌÞOÌˣʰˤˡʰˤˤ˧ŸƼǼÞŸŘǣɠsǋsOŘOsĶĶs_EɴŎȖǼȖĶOŸŘǣsŘǼEsǼɠssŘǼÌs
NŸŎƼŘɴŘ_ǼÌsµǋŘǼssʳǻÌsŸƼǼÞŸŘǣǣÌĶĶɚsǣǼŸɚsǋƼsǋÞŸ_Ÿ¯ˣɴsǋǣŸŘǼÌsEǣÞǣŸ¯ǼÞŎsŘ_Ƽsǋ¯ŸǋŎŘOsʳrɮsǋOÞǣsƼsǋÞŸ_
ɠÞĶĶEsˤɴsǋǣ¯ǋŸŎǼÌs_ǼsŸ¯ɚsǣǼÞŘ¶Ÿ¯ŸƼǼÞŸŘǣŘ_rɮsǋOÞǣsƼǋÞOsɠÞĶĶEs` ˠˀ˚ƼsǋǣÌǋsʳ
ŗŸǼÞOsƼsǋÞŸ_Ř_ǣsɚsǋŘOs¯ssǣ¯ŸǋĶĶrɮsOȖǼÞɚs^ÞǋsOǼŸǋǣÞǣǣÞɮŎŸŘǼÌǣ˅ŘŸǼÞOsŸǋǣÞɮŎŸŘǼÌǣ˅ǣĶǋɴÞŘĶÞsȖǼÌsǋsŸ¯ŸǋǣŎɴEs
ŎȖǼȖĶĶɴ_sOÞ_s_EsǼɠssŘǼÌs^ÞǋsOǼŸǋŘ_ǼÌsNŸŎƼŘɴʳ
Non-Executive Directors’ Compensation and Shareholding:

ǣƼsǋǼÌsǋsǣŸĶȖǼÞŸŘƼǣǣs_EɴǼÌsǣÌǋsÌŸĶ_sǋǣŸ¯ǼÌsNŸŎƼŘɴǼÌǋŸȖ¶ÌƻŸǣǼĶDĶĶŸǼ_Ǽs_ōɴˡˢʰˡ˟ˠˡʰǼÌsŎsŎEsǋǣÌ_
ƼƼǋŸɚs_OŸŎŎÞǣǣÞŸŘƼɴEĶsǼŸǼÌsŗŸŘ˚rɮsOȖǼÞɚsŘ_ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋǣŸ¯ǼÌsNŸŎƼŘɴ¯ŸǋŘŎŸȖŘǼŘŸǼsɮOss_ÞŘ¶
ˠ̇Ÿ¯ǼÌsŘsǼƼǋŸʩǼǣŸ¯ǼÌsNŸŎƼŘɴOĶOȖĶǼs_ÞŘOOŸǋ_ŘOsɠÞǼÌǼÌsƼǋŸɚÞǣÞŸŘǣŸ¯ǢsOǼÞŸŘˢˣ˨Ř_ˢˤ˟Ÿ¯ǼÌsNŸŎƼŘÞsǣOǼʰ
ˠ˨ˤ˥ʹǢsOǼÞŸŘˠ˨˧Ÿ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢʺÞŘǣȖOÌŎŘŘsǋǣŎɴEs_sǼsǋŎÞŘs_EɴǼÌsDŸǋ_Ÿ¯^ÞǋsOǼŸǋǣ¯ǋŸŎǼÞŎsǼŸǼÞŎs
ɠÞǼÌÞŘǼÌsǣÞ_ĶÞŎÞǼǣʳ
OOŸǋ_ÞŘ¶ĶɴʰÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋǣɠsǋsƼÞ_ǣÞǼǼÞŘ¶¯ssǣŘ_OŸŎŎÞǣǣÞŸŘ_ȖǋÞŘ¶ǼÌsɴsǋȖŘ_sǋǋsɚÞsɠʳ
^sǼÞĶǣŸ¯ǣÞǼǼÞŘ¶¯ssǣ˓OŸŎŎÞǣǣÞŸŘƼÞ_ǼŸǼÌsÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋǣ_ȖǋÞŘ¶ǼÌsɴsǋˡ˟ˠˤ˚ˠ˥ĶŸŘ¶ɠÞǼÌǼÌsÞǋǢÌǋsÌŸĶ_ÞŘ¶ǣ
ŸŘ_ǼsŸ¯ǼÌÞǣǊsƼŸǋǼǋsǣȖŘ_sǋʲ
Sr. No. Name of the Directors Sitting Fees (`) Commission (`) No. of Shares held
1 ōǋʳŗÞĶsǣÌDʳōsÌǼ ˠʰ˦ˤʰ˟˟˟ ˧ʰ˟˟ʰ˟˟˟ ˚
ˡ ōǋʳħʳƻʳƻ_ŎĨȖŎǋ ˠʰˡ˟ʰ˟˟˟ ˧ʰ˟˟ʰ˟˟˟ ˚
ˢ ōǋʳDÞƼÞŘǊʳǢÌÌ ˠʰˢˤʰ˟˟˟ ˧ʰ˟˟ʰ˟˟˟ ˠ˟˟
ˣ ōǋʳǊʳĵĨǣÌŎÞŘǋɴŘŘ ˧ˤʰ˟˟˟ ˧ʰ˟˟ʰ˟˟˟ ˚
STAKEHOLDERS’ RELATIONSHIP COMMITTEE

ǻÌs ǢǼĨsÌŸĶ_sǋǣ˅ ǊsĶǼÞŸŘǣÌÞƼ NŸŎŎÞǼǼss ÞŘǼsǋ˚ĶÞ ŎŸŘÞǼŸǋǣ Ř_ ǋsɚÞsɠǣ ÞŘɚsǣǼŸǋǣ˅ ¶ǋÞsɚŘOsǣ Ř_ Þǣ ǋsǣƼŸŘǣÞEĶs ¯Ÿǋ ǼÌs
ǣǼÞǣ¯OǼŸǋɴǋs_ǋsǣǣĶŸ¯ÞŘɚsǣǼŸǋǣ˅OŸŎƼĶÞŘǼǣŘ_ǋsOŸŎŎsŘ_ǣŎsǣȖǋsǣ¯ŸǋŸɚsǋĶĶÞŎƼǋŸɚsŎsŘǼÞŘǼÌsǇȖĶÞǼɴŸ¯ǣsǋɚÞOsǣʳ
ǻÌsNŸŎŎÞǼǼssÞǣÌs_s_EɴōǋʳŗÞĶsǣÌDʳōsÌǼʰÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋŘ_ǼÌsNŸŎŎÞǼǼssOŸŘǣÞǣǼǣŸ¯ǼÌǋssŎsŎEsǋǣǣǣǼǼs_
EsĶŸɠʳ^ȖǋÞŘ¶ǼÌsɴsǋsŘ_s_ōǋOÌˢˠʰˡ˟ˠ˥ʰǼÌÞǣNŸŎŎÞǼǼssÌ_ˣŎssǼÞŘ¶ǣɠÌÞOÌɠsǋsÌsĶ_ŸŘōɴˡˤʰˡ˟ˠˤʰğȖĶɴˢ˟ʰˡ˟ˠˤʰ
ŷOǼŸEsǋˡ˟ʰˡ˟ˠˤŘ_ğŘȖǋɴˡ˧ʰˡ˟ˠ˥Ř_ǼǼsŘ_s_EɴǼÌsŎsŎEsǋǣǣȖŘ_sǋʲ

Held Attended
1 ōǋʳŗÞĶsǣÌDʳōsÌǼʹNÌÞǋŎŘʺ ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋ ˣ ˣ
ˡ ōǋʳDÞƼÞŘǊʳǢÌÌ ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋ ˣ ˢ
ˢ ōǋʳōʳƻʳǊŎOÌŘ_ǋŘ NÌÞǋŎŘ˓ōŘ¶ÞŘ¶^ÞǋsOǼŸǋ ˣ ˣ
˨ˣ Jyothy Laboratories Limited
ōǋʳōʳĵʳDŘǣĶʰNŸŎƼŘɴǢsOǋsǼǋɴÞǣ_sǣÞ¶ŘǼs_ǣNŸŎƼĶÞŘOsŷ¯ʩOsǋŸ¯ǼÌsNŸŎƼŘɴɠÌŸŸɚsǋǣssǣǼÌsǋs_ǋsǣǣĶŸ¯ÞŘɚsǣǼŸǋ
¶ǋÞsɚŘOsǣʳ
^ȖǋÞŘ¶ ǼÌs ʩŘŘOÞĶ ɴsǋʰ ǼÌs NŸŎƼŘɴ ǋsOsÞɚs_ ˠˤˤ OŸŎƼĶÞŘǼǣˀ OŸǋǋsǣƼŸŘ_sŘOsǣ Ř_ ˠˤ˥ ɠsǋs _ÞǣƼŸǣs_ Ÿ¯¯ʳ ǻÌsǋs ɠǣ ˠ
OŸŎƼĶÞŘǼƼsŘ_ÞŘ¶ǼǼÌsEs¶ÞŘŘÞŘ¶Ÿ¯ǼÌsʩŘŘOÞĶɴsǋɠÌÞOÌɠǣ_ÞǣƼŸǣs_Ÿ¯¯_ȖǋÞŘ¶ǼÌsɴsǋʳǼǼÌssŘ_Ÿ¯ǼÌsʩŘŘOÞĶɴsǋ
ˡ˟ˠˤ˚ˠ˥ʰǼÌsǋsÞǣŘŸOŸŎƼĶÞŘǼƼsŘ_ÞŘ¶ʳĶĶOŸŎƼĶÞŘǼǣˀǇȖsǋÞsǣɠsǋs¶sŘsǋĶĶɴ_ÞǣƼŸǣs_Ÿ¯¯ɠÞǼÌÞŘŸŘsɠssĨŸ¯ÞǼǣǋsOsÞƼǼʳ
CORPORATE SOCIAL RESPONSIBILITY (CSR) COMMITTEE

NǢǊ NŸŎŎÞǼǼss ɠǣ OŸŘǣǼÞǼȖǼs_ ƼȖǋǣȖŘǼ ǼŸ ǢsOǼÞŸŘ ˠˢˤ Ÿ¯ ǼÌs NŸŎƼŘÞsǣ OǼʰ ˡ˟ˠˢ ǋs_ ɠÞǼÌ NŸŎƼŘÞsǣ ʹNŸǋƼŸǋǼs ǢŸOÞĶ
ǊsǣƼŸŘǣÞEÞĶÞǼɴƻŸĶÞOɴʺǊȖĶsǣʰˡ˟ˠˣʰŸŘōɴˡˡʰˡ˟ˠˤʳǻÌsNŸŎƼŸǣÞǼÞŸŘŸ¯ǼÌsNŸŎŎÞǼǼssŘ_ǼǼsŘ_ŘOsŸ¯ǼÌsŎsŎEsǋǣŸ¯ǼÌs
NŸŎŎÞǼǼssǼǼÌsŎssǼÞŘ¶ǣÌsĶ_ÞǣǣEsĶŸɠʳǻÌsNǢǊNŸŎŎÞǼǼssŎsǼǼɠŸǼÞŎsǣ_ȖǋÞŘ¶ǼÌsɴsǋsŘ_s_ōǋOÌˢˠʰˡ˟ˠ˥ɚÞʊʳʰŸŘ
ōɴˡˤʰˡ˟ˠˤŘ_ğŘȖǋɴˡ˧ʰˡ˟ˠ˥ʳ

Held Attended
1 ōǋʳōʳƻʳǊŎOÌŘ_ǋŘʹNÌÞǋŎŘʺ NÌÞǋŎŘ˓ōŘ¶ÞŘ¶^ÞǋsOǼŸǋ ˡ ˡ
ˡ ōǋʳħʳƻʳƻ_ŎĨȖŎǋ ÝŘ_sƼsŘ_sŘǼ^ÞǋsOǼŸǋ ˡ ˡ
ˢ ōǣʳōʳǊʳğɴŸǼÌɴ ɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋ ˡ ˡ
ōǋʳōʳƻʳǊŎOÌŘ_ǋŘÞǣǼÌsNÌÞǋŎŘŸ¯ǼÌsNŸŎŎÞǼǼssʳǻÌsNŸŎƼŘɴÌǣ¯ŸǋŎȖĶǼs_NǢǊƻŸĶÞOɴŘ_ǼÌsǣŎsÞǣȖƼĶŸ_s_
ŸŘǼÌsɠsEǣÞǼsŸ¯ǼÌsNŸŎƼŘɴʰɠÌÞOÌOŘEsOOsǣǣs_ǼǼÌsɠsEĶÞŘĨ˛
ÌǼǼƼʲˀˀɠɠɠʳĠɴŸǼÌɴĶEŸǋǼŸǋÞsǣʳOŸŎˀ_ŎÞŘˀ_ŸOǣˀğĵĵ̬NǢǊ̇ˡ˟ƻŸĶÞOɴ̬ɟsEǣÞǼsʳƼ_¯
ǻÌsǼsǋŎǣŸ¯ǋs¯sǋsŘOsŸ¯ǼÌsNŸǋƼŸǋǼsǢŸOÞĶǊsǣƼŸŘǣÞEÞĶÞǼɴNŸŎŎÞǼǼssEǋŸ_ĶɴÞŘOĶȖ_sǣǼÌs¯ŸĶĶŸɠÞŘ¶ʲ
ʹʺ ǻŸ¯ŸǋŎȖĶǼsŘ_ǋsOŸŎŎsŘ_ǼŸǼÌsDŸǋ_ʰNŸǋƼŸǋǼsǢŸOÞĶǊsǣƼŸŘǣÞEÞĶÞǼɴƻŸĶÞOɴɠÌÞOÌǣÌĶĶÞŘ_ÞOǼsǼÌsOǼÞɚÞǼÞsǣǼŸEs
ȖŘ_sǋǼĨsŘEɴǼÌsNŸŎƼŘɴǣǣƼsOÞʩs_ÞŘǢOÌs_ȖĶsəÝÝŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢŘ_ǼÌsǋsɚÞsɠǼÌsǋsŸ¯ǼƼsǋÞŸ_ÞOĶ
ÞŘǼsǋɚĶǣʱ
ʹEʺ ǻŸǋsOŸŎŎsŘ_ǼÌsŎŸȖŘǼŸ¯sɮƼsŘ_ÞǼȖǋsǼŸEsÞŘOȖǋǋs_ŸŘǼÌsOǼÞɚÞǼÞsǣǋs¯sǋǋs_EŸɚsʱ
ʹOʺ ǻŸŎŸŘÞǼŸǋǼÌssɮƼsŘ_ÞǼȖǋsÞŘOȖǋǋs_ŸŘǼÌsǣƼsOÞʩs_OǼÞɚÞǼÞsǣʱŘ_
ʹ_ʺ ǻŸŎŸŘÞǼŸǋǼÌsÞŎƼĶsŎsŘǼǼÞŸŘŸ¯NŸǋƼŸǋǼsǢŸOÞĶǊsǣƼŸŘǣÞEÞĶÞǼɴƻŸĶÞOɴŸ¯ǼÌsNŸŎƼŘɴ¯ǋŸŎǼÞŎsǼŸǼÞŎsʳ
DEPOSITORY ESCROW ACCOUNT

ǣŸŘōǋOÌˢˠʰˡ˟ˠ˥ʰˢ˟˟rǇȖÞǼɴǢÌǋsǣEsĶŸŘ¶ÞŘ¶ǼŸˢƼƼĶÞOŘǼǣɠsǋsĶɴÞŘ¶ÞŘǼÌs^sƼŸǣÞǼŸǋɴrǣOǋŸɠOOŸȖŘǼʳ
¶¶ǋs¶ǼsŘȖŎEsǋŸ¯ǣÌǋsÌŸĶ_sǋǣÞŘǢȖǣƼsŘǣsOOŸȖŘǼĶɴÞŘ¶ǼǼÌsEs¶ÞŘŘÞŘ¶Ÿ¯ǼÌsɴsǋ ˢ
¶¶ǋs¶ǼsŘȖŎEsǋŸ¯ŸȖǼǣǼŘ_ÞŘ¶ǣÌǋsǣÞŘǢȖǣƼsŘǣsOOŸȖŘǼĶɴÞŘ¶ǼǼÌsEs¶ÞŘŘÞŘ¶Ÿ¯ǼÌsɴsǋ ˢ˟˟
ŗȖŎEsǋŸ¯ǣÌǋsÌŸĶ_sǋǣɠÌŸƼƼǋŸOÌs_¯ŸǋǼǋŘǣ¯sǋŸ¯ǣÌǋsǣ¯ǋŸŎǢȖǣƼsŘǣsOOŸȖŘǼ_ȖǋÞŘ¶ǼÌsɴsǋ ˚
ŗȖŎEsǋŸ¯ǢÌǋsÌŸĶ_sǋǣǼŸɠÌŸŎǣÌǋsǣɠsǋsǼǋŘǣ¯sǋǋs_¯ǋŸŎǢȖǣƼsŘǣsOOŸȖŘǼ_ȖǋÞŘ¶ǼÌsɴsǋ ˚
ŗȖŎEsǋŸ¯ǢÌǋsǣǼǋŘǣ¯sǋǋs_¯ǋŸŎǢȖǣƼsŘǣsOOŸȖŘǼ_ȖǋÞŘ¶ǼÌsɴsǋ ˚
¶¶ǋs¶ǼsŘȖŎEsǋŸ¯ǣÌǋsÌŸĶ_sǋǣɠÌŸǣsǣÌǋsǣǋsĶɴÞŘ¶ÞŘǢȖǣƼsŘǣsOOŸȖŘǼǼǼÌssŘ_Ÿ¯ǼÌsɴsǋ ˢ
¶¶ǋs¶ǼsŘȖŎEsǋŸ¯ŸȖǼǣǼŘ_ÞŘ¶ǣÌǋsǣÞŘǢȖǣƼsŘǣsOOŸȖŘǼĶɴÞŘ¶ǼǼÌssŘ_Ÿ¯ǼÌsɴsǋ ˢ˟˟
GENERAL BODY MEETING

Annual General Meetings
ĵǣǼǼÌǋssŘŘȖĶµsŘsǋĶōssǼÞŘ¶ǣŸ¯ǼÌsNŸŎƼŘɴɠsǋsÌsĶ_ǼǼÌsɚsŘȖsŘ_ǼÞŎsǣȖŘ_sǋʲ
Year Date of Annual Time of Whether Special Venue

General Meeting Meeting Resolutions passed
ˡ˟ˠˣ˚ˠˤ ğȖĶɴˢ˟ʰˡ˟ˠˤ ˠˠʳ˟˟ʳŎʳ ŗŸ ōʳ Nʳ µÌÞ ËĶĶʰ ÝŘ_ÞŘ ǻsɮǼÞĶs OOsǣǣŸǋÞsǣ ˓ ōOÌÞŘsǋɴ
ˡˣǼÌµō ōŘȖ¯OǼȖǋsǋǣ˅ ǣǣŸOÞǼÞŸŘʰ DÌŸ¶ÞĶĶ Ëǋ¶ŸɚÞŘ_ǣ DȖÞĶ_ÞŘ¶ʰ ˣǼÌ
®ĶŸŸǋʰˠ˧ˀˡ˟ħʳ^ȖEÌǣÌōǋ¶ʰħĶµÌŸ_ʰōȖŎEÞ˛ˣ˟˟˟˟ˠ
ˡ˟ˠˢ˚ˠˣ Ȗ¶ȖǣǼˠˢʰˡ˟ˠˣ ˠ˟ʳˢ˟ʳŎʳ ɳsǣ ōʳ Nʳ µÌÞ ËĶĶʰ ÝŘ_ÞŘ ǻsɮǼÞĶs OOsǣǣŸǋÞsǣ ˓ ōOÌÞŘsǋɴ
ˡˢǋ_µō ōŘȖ¯OǼȖǋsǋǣ˅ ǣǣŸOÞǼÞŸŘʰ DÌŸ¶ÞĶĶ Ëǋ¶ŸɚÞŘ_ǣ DȖÞĶ_ÞŘ¶ʰ ˣǼÌ
ˡ˟ˠˡ˚ˠˢ Ȗ¶ȖǣǼˠˡʰˡ˟ˠˢ ˠ˟ʳˢ˟ʳŎʳ ɳsǣ ōʳ Nʳ µÌÞ ËĶĶʰ ÝŘ_ÞŘ ǻsɮǼÞĶs OOsǣǣŸǋÞsǣ ˓ ōOÌÞŘsǋɴ
Ř_
ˡˡ µō ōŘȖ¯OǼȖǋsǋǣ˅ ǣǣŸOÞǼÞŸŘʰ DÌŸ¶ÞĶĶ Ëǋ¶ŸɚÞŘ_ǣ DȖÞĶ_ÞŘ¶ʰ ˣǼÌ
Corporate Overview Performance Governance Financial Statements ˨ˤ
ĶĶ ǋsǣŸĶȖǼÞŸŘǣ Ǽ ǼÌs ˡˢǋ_ Ř_ ˡˣǼÌ ŘŘȖĶ µsŘsǋĶ ōssǼÞŘ¶ǣ Ÿ¯ ǼÌs ōsŎŸǋŘ_ȖŎ Ÿ¯ ǣǣŸOÞǼÞŸŘ Ÿ¯ ǼÌs NŸŎƼŘɴ Ř_
ɠsǋsƼǣǣs_ǼÌǋŸȖ¶Ìs˚ɚŸǼÞŘ¶Ř_ƼÌɴǣÞOĶEĶĶŸǼǣɠsǋsǣsŘǼ ƼǋǼÞĶ ŎŸ_ÞʩOǼÞŸŘ Ÿ¯ ŷǋ_ÞŘǋɴ ǊsǣŸĶȖǼÞŸŘ ƼƼǋŸɚs_ Eɴ ǼÌs
EɴƼŸǣǼŸǋOǣǼǼǼÌsµōʳ ǣÌǋsÌŸĶ_sǋǣ Ǽ ǼÌs ŘŘȖĶ µsŘsǋĶ ōssǼÞŘ¶ ÌsĶ_ ŸŘ Ȗ¶ȖǣǼ
ˠˢʰ ˡ˟ˠˣ ɠÞǼÌ ǋs¶ǋ_ ǼŸ ǋs˚ƼƼŸÞŘǼŎsŘǼ Ř_ ƼɴŎsŘǼ Ÿ¯
ĶĶ ǣƼsOÞĶ ǋsǣŸĶȖǼÞŸŘǣ Ǽ ǼÌs ˡˡŘ_ ŘŘȖĶ µsŘsǋĶ ōssǼÞŘ¶ǣ ǋsŎȖŘsǋǼÞŸŘ ǼŸ ōǋʳ Ǣʳ Ǌ¶ÌȖŘŘ_Ř ǼÌǋŸȖ¶Ì ƼŸǣǼĶ EĶĶŸǼ
ɠsǋsƼǣǣs_EɴǣÌŸɠŸ¯ÌŘ_ǣʳ s¯¯sOǼÞɚsğȖĶɴˢ˟ʰˡ˟ˠˤŘ_ǢsƼǼsŎEsǋ˟ˡʰˡ˟ˠˤǋsǣƼsOǼÞɚsĶɴʳ
Special Resolutions Passed through Postal Ballot ǻÌs DŸǋ_ Ì_ ƼƼŸÞŘǼs_ ōǋʳ ËÞŎŘǣÌȖ Ǣʳ ħŎ_ǋʰ ƻǋǼŘsǋʰ
^ȖǋÞŘ¶ǼÌsɴsǋʰǼÌsŎsŎEsǋǣŸ¯ǼÌsNŸŎƼŘɴÌ_ƼƼǋŸɚs_ ǊǼÌÞ˓ǣǣŸOÞǼsǣǣǢOǋȖǼÞŘÞʊsǋǼŸOŸŘ_ȖOǼǼÌsƼŸǣǼĶEĶĶŸǼ
ǣƼsOÞĶ ǋsǣŸĶȖǼÞŸŘǣ ¯Ÿǋ ŎsŘ_ŎsŘǼ ÞŘ ǼÌs ŷEĠsOǼǣ NĶȖǣs ɚŸǼÞŘ¶ƼǋŸOsǣǣÞŘ¯ÞǋŘ_ǼǋŘǣƼǋsŘǼŎŘŘsǋʳ
Special Resolutions Votes cast in favour Votes cast against Date of

declaration of
No. of Votes % Member %
results
ĶǼsǋǼÞŸŘ Ÿ¯ ǼÌs ŷEĠsOǼǣ NĶȖǣs Ÿ¯ ǼÌs ˠˣʰ˧ˢʰ˧ˢʰˡ˧ˤ ˨˨ʳ˨˨ ˦ʰˤˡ˧ ˟ʳ˟ˠ ǢsƼǼsŎEsǋˠˣʰ
ōsŎŸǋŘ_ȖŎŸ¯ǣǣŸOÞǼÞŸŘŸ¯ǼÌsNŸŎƼŘɴ ˡ˟ˠˤ
ƻǋǼÞĶ ŎŸ_ÞʩOǼÞŸŘ Ÿ¯ ŷǋ_ÞŘǋɴ ǊsǣŸĶȖǼÞŸŘ ˠˢʰˤ˦ʰˢˢʰˢ˧ˤ ˨˟ʳˡˡ ˠʰˣ˦ʰ˟˨ʰˣˤˢ ˨ʳ˦˧ ŷOǼŸEsǋˠ˥ʰˡ˟ˠˤ
ƼƼǋŸɚs_ Eɴ ǼÌs ǣÌǋsÌŸĶ_sǋǣ Ǽ ǼÌs ŘŘȖĶ
µsŘsǋĶ ōssǼÞŘ¶ ÌsĶ_ ŸŘ Ȗ¶ȖǣǼ ˠˢʰ ˡ˟ˠˣ ɠÞǼÌ
ǋs¶ǋ_ ǼŸ ǋs˚ƼƼŸÞŘǼŎsŘǼ Ř_ ƼɴŎsŘǼ Ÿ¯
ǋsŎȖŘsǋǼÞŸŘǼŸōǋʳǢʳǊ¶ÌȖŘŘ_Ř
Procedure for Postal Ballot ǻÌsǣOǋȖǼÞŘÞʊsǋǣȖEŎÞǼǣÌÞǣǋsƼŸǋǼǼŸǼÌsNÌÞǋŎŘ¯ǼsǋǼÌs

ÝŘOŸŎƼĶÞŘOsɠÞǼÌNĶȖǣsˢˤDŸ¯ǼÌsĵÞǣǼÞŘ¶¶ǋssŎsŘǼŘ_ǢsOǼÞŸŘ OŸŎƼĶsǼÞŸŘ Ÿ¯ ǣOǋȖǼÞŘɴ Ř_ ǼÌs OŸŘǣŸĶÞ_Ǽs_ ǋsǣȖĶǼǣ Ÿ¯ ǼÌs
ˠ˟˧ʰˠˠ˟Ř_ŸǼÌsǋƼƼĶÞOEĶsƼǋŸɚÞǣÞŸŘǣŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰ ɚŸǼÞŘ¶ Eɴ ƻŸǣǼĶ DĶĶŸǼ Ř_ s˚ɚŸǼÞŘ¶ ǋs ǼÌsŘ ŘŘŸȖŘOs_
ˡ˟ˠˢʹǼÌsOǼʺʰǋs_ɠÞǼÌǊȖĶsˡˡŸ¯ǼÌsNŸŎƼŘÞsǣʹōŘ¶sŎsŘǼ Eɴ ǼÌs NÌÞǋŎŘˀ ȖǼÌŸǋÞʊs_ ŷ¯ʩOsǋʳ ǻÌs ǋsǣȖĶǼǣ ǋs ĶǣŸ
Ř_ _ŎÞŘÞǣǼǋǼÞŸŘʺ ǊȖĶsǣʰ ˡ˟ˠˣʰ ǼÌs NŸŎƼŘɴ Ì_ ƼǋŸɚÞ_s_ _ÞǣƼĶɴs_ ŸŘ ǼÌs ɠsEǣÞǼs Ÿ¯ ǼÌs NŸŎƼŘɴʰ ÌǼǼƼʲˀˀɠɠɠʳ
sĶsOǼǋŸŘÞOɚŸǼÞŘ¶¯OÞĶÞǼɴǼŸĶĶÞǼǣŎsŎEsǋǣʰǼŸsŘEĶsǼÌsŎǼŸOǣǼ ĠɴŸǼÌɴĶEŸǋǼŸǋÞsǣʳOŸŎʰ EsǣÞ_sǣ EsÞŘ¶ OŸŎŎȖŘÞOǼs_ ǼŸ
ǼÌsÞǋɚŸǼsǣsĶsOǼǋŸŘÞOĶĶɴʳǻÌsNŸŎƼŘɴsŘ¶¶sǣǼÌsǣsǋɚÞOsǣŸ¯ ǼÌsǣǼŸOĨsɮOÌŘ¶sǣʰǼÌs_sƼŸǣÞǼŸǋÞsǣŘ_Ǌs¶ÞǣǼǋǋŘ_ǼÌs
N^Ǣĵ¯ŸǋǼÌsƼȖǋƼŸǣsŸ¯ƼǋŸɚÞ_ÞŘ¶ǋsŎŸǼss˚ɚŸǼÞŘ¶¯OÞĶÞǼɴǼŸĶĶ ǢÌǋs ǻǋŘǣ¯sǋ ¶sŘǼʳ ǻÌs _Ǽs Ÿ¯ _sOĶǋǼÞŸŘ Ÿ¯ ǼÌs ǋsǣȖĶǼǣ
ÞǼǣŎsŎEsǋǣʳōsŎEsǋǣÌɚsǼÌsŸƼǼÞŸŘǼŸɚŸǼssÞǼÌsǋEɴƼÌɴǣÞOĶ EɴǼÌsNŸŎƼŘɴÞǣ_ssŎs_ǼŸEsǼÌs_ǼsŸ¯ƼǣǣÞŘ¶Ÿ¯ǼÌs
EĶĶŸǼŸǋǼÌǋŸȖ¶ÌǋsŎŸǼss˚ɚŸǼÞŘ¶ʳ ǋsǣŸĶȖǼÞŸŘǣʳ
ǻÌsNŸŎƼŘɴ_ÞǣƼǼOÌsǣǼÌsƼŸǣǼĶEĶĶŸǼŘŸǼÞOsǣŘ_¯ŸǋŎǣ ŗŸŘs Ÿ¯ ǼÌs EȖǣÞŘsǣǣsǣ ƼǋŸƼŸǣs_ ǼŸ Es ǼǋŘǣOǼs_ Ǽ ǼÌs
ĶŸŘ¶ ɠÞǼÌ ƼŸǣǼ¶s ƼǋsƼÞ_ EȖǣÞŘsǣǣ ǋsƼĶɴ sŘɚsĶŸƼsǣ ǼŸ ÞǼǣ sŘǣȖÞŘ¶ˡˤǼÌŘŘȖĶµsŘsǋĶōssǼÞŘ¶ǋsǇȖÞǋsǼÌsƼǣǣÞŘ¶Ÿ¯
ōsŎEsǋǣɠÌŸǣsŘŎsǣƼƼsǋŸŘǼÌsǊs¶ÞǣǼsǋŸ¯ōsŎEsǋǣˀ ǣƼsOÞĶǋsǣŸĶȖǼÞŸŘEɴɠɴŸ¯ƻŸǣǼĶDĶĶŸǼʳ
ĶÞǣǼ Ÿ¯ EsŘsʩOÞǋÞsǣ ǣ ŸŘ OȖǼ˚Ÿ¯¯ _Ǽsʳ ǻÌs ƼŸǣǼĶ EĶĶŸǼ
ŘŸǼÞOs Þǣ ǣsŘǼ ǼŸ ōsŎEsǋǣ ÞŘ sĶsOǼǋŸŘÞO ¯ŸǋŎ Ǽ ǼÌs sŎÞĶ DISCLOSURES
__ǋsǣǣsǣ ǋs¶ÞǣǼsǋs_ ɠÞǼÌ ǼÌsÞǋ _sƼŸǣÞǼŸǋɴ ƼǋǼÞOÞƼŘǼǣ ʹÞŘ ˠʳ ^ȖǋÞŘ¶ ǼÌs ɴsǋ ȖŘ_sǋ ǋsɚÞsɠʰ ǼÌsǋs ɠsǋs ŘŸ ŎǼsǋÞĶĶɴ
OǣsŸ¯sĶsOǼǋŸŘÞOǣÌǋsÌŸĶ_ÞŘ¶ʺˀǼÌsNŸŎƼŘɴ˅ǣǊs¶ÞǣǼǋǋŘ_ ǣÞ¶ŘÞʩOŘǼ ǋsĶǼs_ ƼǋǼɴ ǼǋŘǣOǼÞŸŘǣ ǼÌǼ Ŏɴ Ìɚs
ǢÌǋsǻǋŘǣ¯sǋ¶sŘǼǣʹÞŘOǣsŸ¯ƼÌɴǣÞOĶǣÌǋsÌŸĶ_ÞŘ¶ʺʳǻÌs ƼŸǼsŘǼÞĶ OŸŘʪÞOǼ Ÿ¯ ÞŘǼsǋsǣǼ ɠÞǼÌ ǼÌs ÞŘǼsǋsǣǼǣ Ÿ¯ ǼÌs
NŸŎƼŘɴĶǣŸƼȖEĶÞǣÌsǣŘŸǼÞOsÞŘǼÌsŘsɠǣƼƼsǋ_sOĶǋÞŘ¶ NŸŎƼŘɴǼĶǋ¶sʳ
ǼÌs_sǼÞĶǣŸ¯OŸŎƼĶsǼÞŸŘŸ¯_ÞǣƼǼOÌŘ_ŸǼÌsǋǋsǇȖÞǋsŎsŘǼǣ
ǣŎŘ_Ǽs_ȖŘ_sǋǼÌsOǼŘ_ƼƼĶÞOEĶsǊȖĶsǣʳ ǻÌs NŸŎƼŘɴ Ìǣ ¯ŸǋŎȖĶǼs_ ǼÌs ƻŸĶÞOɴ ŸŘ _sĶÞŘ¶ ɠÞǼÌ
ǋsĶǼs_ƼǋǼɴǼǋŘǣOǼÞŸŘǣŘ_ǼÌsǣŎsÞǣɚÞĶEĶsŸŘǼÌs
əŸǼÞŘ¶ ǋÞ¶ÌǼǣ ǋs ǋsOĨŸŘs_ ŸŘ ǼÌs ŘȖŎEsǋ Ÿ¯ sǇȖÞǼɴ ǣÌǋsǣ ɠsEǣÞǼsŸ¯ǼÌsNŸŎƼŘɴŘ_ɠsEĶÞŘĨǼÌsǋsǼŸÞǣǣEsĶŸɠʲ
ǋs¶ÞǣǼsǋs_ÞŘǼÌsŘŎsŸ¯ǼÌsōsŎEsǋǣǣŸŘǼÌsOȖǼ˚Ÿ¯¯_Ǽsʳ
ōsŎEsǋǣ_sǣÞǋÞŘ¶ǼŸsɮsǋOÞǣsǼÌsÞǋɚŸǼsǣEɴƼŸǣǼĶEĶĶŸǼ¯ŸǋŎǣ ÌǼǼƼʲˀˀɠɠɠʳĠɴŸǼÌɴĶEŸǋǼŸǋÞsǣʳOŸŎˀ_ŎÞŘˀ_ŸOǣˀǊƻǻ̬ğĵĵ̬
ǋsǋsǇȖsǣǼs_ǼŸǋsǼȖǋŘǼÌs¯ŸǋŎǣ_ȖĶɴOŸŎƼĶsǼs_Ř_ǣÞ¶Řs_ʰ ɟsEǣÞǼsʳƼ_¯
ǼŸ ǼÌs ǣOǋȖǼÞŘÞʊsǋ ŸŘ Ÿǋ Es¯Ÿǋs ǼÌs OĶŸǣs Ÿ¯ ɚŸǼÞŘ¶ ƼsǋÞŸ_ʳ
ōsŎEsǋǣ _sǣÞǋÞŘ¶ ǼŸ sɮsǋOÞǣsǼÌsÞǋɚŸǼsǣEɴsĶsOǼǋŸŘÞOŎŸ_s ˡʳ ǻǋŘǣOǼÞŸŘǣ ɠÞǼÌ ǋsĶǼs_ ƼǋǼÞsǣʰ ǣ Ƽsǋ ǋsǇȖÞǋsŎsŘǼǣ
ǋs ǋsǇȖsǣǼs_ ǼŸ ɚŸǼs Es¯Ÿǋs OĶŸǣs Ÿ¯ EȖǣÞŘsǣǣ ÌŸȖǋǣ ŸŘ ǼÌs Ÿ¯ OOŸȖŘǼÞŘ¶ ǢǼŘ_ǋ_ ˠ˧ʰ ǋs _ÞǣOĶŸǣs_ ÞŘ ŗŸǼsǣ ǼŸ
ĶǣǼ_ǼsŸ¯s˚ɚŸǼÞŘ¶ʳ OOŸȖŘǼǣŘŘsɮs_ǼŸǼÌs®ÞŘŘOÞĶǢǼǼsŎsŘǼǣʳ
˨˥ Jyothy Laboratories Limited
ˢʳ ǻÌs NŸŎƼŘɴ Ìǣ ¯ŸĶĶŸɠs_ ĶĶ ǋsĶsɚŘǼ OOŸȖŘǼÞŘ¶ Ǌs¶ȖĶǼÞŸŘǣʳǻÌsǣÞ_OsǋǼÞʩOǼsÞǣŘŘsɮs_Ř_¯ŸǋŎǣƼǋǼŸ¯

ǢǼŘ_ǋ_ǣ ɠÌÞĶs ƼǋsƼǋÞŘ¶ ®ÞŘŘOÞĶ ǢǼǼsŎsŘǼǣ Ř_ ŘŸ ǼÌsŘŘȖĶǊsƼŸǋǼʳ
ǼǋsǼŎsŘǼ_Þ¯¯sǋsŘǼ¯ǋŸŎǼÌǼƼǋsǣOǋÞEs_ÞŘǼÌsOOŸȖŘǼÞŘ¶
ǢǼŘ_ǋ_ÌǣEssŘ¯ŸĶĶŸɠs_ʳ COMPLIANCE UNDER DISCRETIONARY REQUIREMENT OF
LISTING REGULATIONS
ˣʳ ǻÌsǋs ǋs ŘŸ ƼsOȖŘÞǋɴ ǋsĶǼÞŸŘǣÌÞƼǣ Ÿǋ ǼǋŘǣOǼÞŸŘǣ Ÿ¯ ǻÌsNŸŎƼŘɴOŸŎƼĶÞs_ɠÞǼÌĶĶŎŘ_ǼŸǋɴǋsǇȖÞǋsŎsŘǼǣŘ_
ŗŸŘ˚rɮsOȖǼÞɚs ^ÞǋsOǼŸǋǣ ɚÞǣ˚˚ɚÞǣ ǼÌs NŸŎƼŘɴ ɠÌÞOÌ Ìǣ _ŸƼǼs_ ŘŸŘ˚ŎŘ_ǼŸǋɴ ǋsǇȖÞǋsŎsŘǼ ǣ Ƽsǋ ǼÌs _sǼÞĶǣ
ÌǣƼŸǼsŘǼÞĶOŸŘʪÞOǼŸ¯ÞŘǼsǋsǣǼɠÞǼÌǼÌsÞŘǼsǋsǣǼǣŸ¯ǼÌs ¶ÞɚsŘEsĶŸɠʲ
NŸŎƼŘɴǼĶǋ¶sʳ
ʺ The Board:ǻÌsNŸŎƼŘɴ_ŸsǣŘŸǼÌɚsŗŸŘ˚rɮsOȖǼÞɚs
ˤʳ ŗŸ ƼsŘĶǼÞsǣ Ÿǋ ǣǼǋÞOǼȖǋsǣ Ìɚs EssŘ ÞŎƼŸǣs_ ŸŘ ǼÌs NÌÞǋŎŘʳ
NŸŎƼŘɴEɴǼÌsǢǼŸOĨrɮOÌŘ¶sǣŸǋǢrDÝŸǋŘɴǣǼǼȖǼŸǋɴ
ȖǼÌŸǋÞǼɴŸŘŘɴŎǼǼsǋǋsĶǼs_ǼŸOƼÞǼĶŎǋĨsǼǣ_ȖǋÞŘ¶ Eʺ Shareholder’s Rights: ǻÌs ǇȖǋǼsǋĶɴ Ř_ ÌĶ¯ ɴsǋĶɴ
ǼÌsĶǣǼǼÌǋssɴsǋǣʳ ʩŘŘOÞĶǋsǣȖĶǼǣǋsƼȖEĶÞǣÌs_ÞŘǼÌsŘsɠǣƼƼsǋʰ_ÞǣƼĶɴs_
ŸŘ ǼÌs ɠsEǣÞǼs Ÿ¯ ǼÌs NŸŎƼŘɴ Ř_ ǋs ǣsŘǼ ǼŸ ǼÌs
˥ʳ ǻÌs NŸŎƼŘɴ Ìǣ ÞŘ ƼĶOs əÞ¶ÞĶ ōsOÌŘÞǣŎˀ ɟÌÞǣǼĶs ǢǼŸOĨ rɮOÌŘ¶sǣ ɠÌsǋs ǼÌs ǣÌǋsǣ Ÿ¯ ǼÌs NŸŎƼŘɴ ǋs
DĶŸɠsǋƻŸĶÞOɴŘ_ǼÌs_sǼÞĶǣŸ¯ǣŎsǋsƼǋŸɚÞ_s_ÞŘǼÌs ĶÞǣǼs_ʳǻÌsÌĶ¯˚ɴsǋĶɴʩŘŘOÞĶǋsǣȖĶǼǣǋsŘŸǼǣsƼǋǼsĶɴ
DŸǋ_˅ǣ ǊsƼŸǋǼʳ ®ȖǋǼÌsǋʰ ÞǼ Þǣ ¯ʩǋŎs_ ǼÌǼ ŘŸ ƼsǋǣŸŘŘsĶ OÞǋOȖĶǼs_ǼŸǼÌsǣÌǋsÌŸĶ_sǋǣʳ
ÌǣEssŘ_sŘÞs_OOsǣǣǼŸǼÌsȖ_ÞǼNŸŎŎÞǼǼssʳ
Oʺ ōŸ_Þʩs_ ŷƼÞŘÞŸŘǣ ÞŘ Ȗ_ÞǼ ǊsƼŸǋǼʲ ǻÌs NŸŎƼŘɴ˅ǣ
˦ʳ ǻÌs NŸŎƼŘɴ Ìǣ ĶÞ_ _ŸɠŘ ƼǋŸOs_Ȗǋsǣ ǼŸ ÞŘ¯ŸǋŎ ®ÞŘŘOÞĶǢǼǼsŎsŘǼǣǋsȖŘǇȖĶÞʩs_ʳ
ǼÌs DŸǋ_ ŎsŎEsǋǣ EŸȖǼ ǼÌs ǋÞǣĨ ǣǣsǣǣŎsŘǼ Ř_
ŎÞŘÞŎÞʊǼÞŸŘƼǋŸOs_Ȗǋsǣʳ _ʺ Separate posts of Chairman and CEO:ǻÌsNŸŎƼŘɴÌǣ
ǼÌsōŘ¶ÞŘ¶^ÞǋsOǼŸǋǣǼÌsNÌÞǋŎŘŸ¯ǼÌsNŸŎƼŘɴʳ
˧ʳ ^ȖǋÞŘ¶ǼÌsɴsǋsŘ_s_ōǋOÌˢˠʰˡ˟ˠ˥ʰğɴŸǼÌɴ®EǋÞOǋs ®ȖǋǼÌsǋǣsƼǋǼsƼsǋǣŸŘÌǣEssŘƼƼŸÞŘǼs_ǣɟÌŸĶs
ǢsǋɚÞOsǣ ĵÞŎÞǼs_ EsOŎs ŎǼsǋÞĶ ǣȖEǣÞ_Þǋɴ Ÿ¯ ǼÌs ǻÞŎs^ÞǋsOǼŸǋŘ_NrŷŸ¯ǼÌsNŸŎƼŘɴʳËŸɠsɚsǋʰɟÌŸĶs
NŸŎƼŘɴǣ_sʩŘs_ÞŘǼÌsƼŸĶÞOɴ¯Ÿǋ_sǼsǋŎÞŘÞŘ¶OǋÞǼsǋÞ ǻÞŎs^ÞǋsOǼŸǋ˓NrŷOsǣs_ǼŸEsǣǣȖOÌɠʳsʳ¯ʳōɴˡˢʰ
Ÿ¯ ŎǼsǋÞĶ ǣȖEǣÞ_ÞǋÞsǣ ǣ ¯ŸǋŎȖĶǼs_ Eɴ ǼÌs NŸŎƼŘɴ ˡ˟ˠ˥ʳ
Ř_ǼÌsɠsEĶÞŘĨǼÌsǋsǼŸÞǣ
sʺ Reporting of Internal Auditors:ǻÌsÝŘǼsǋŘĶȖ_ÞǼŸǋǣŸ¯
ÌǼǼƼʲˀˀɠɠɠʳĠɴŸǼÌɴĶEŸǋǼŸǋÞsǣʳOŸŎˀ_ŎÞŘˀ_ŸOǣˀƻōǢ̬ ǼÌsNŸŎƼŘɴǋsƼŸǋǼǼŸǼÌsȖ_ÞǼNŸŎŎÞǼǼssʳ
ğĵĵ̬ɟsEǣÞǼsʳƼ_¯
COMMODITY PRICE RISK OR FOREIGN EXCHANGE RISK
CODE OF CONDUCT AND HEDGING ACTIVITIES:
ǻÌsDŸǋ_Ìǣ_ŸƼǼs_ǼÌsOŸ_sŸ¯OŸŘ_ȖOǼ¯ŸǋĶĶÞǼǣ^ÞǋsOǼŸǋǣ
ǻÌsNŸŎƼŘɴÌǣsɮƼŸǣȖǋsǼŸɚǋÞŸȖǣOŸŎŎŸ_ÞǼÞsǣÞŘɚŸĶɚs_
Ř_ ǢsŘÞŸǋ ōŘ¶sŎsŘǼ ɠÌÞOÌ Ìǣ EssŘ _ÞǣƼĶɴs_ ŸŘ ǼÌs
ÞŘ ǼÌs ŎŘȖ¯OǼȖǋÞŘ¶ Ÿ¯ ǼÌs ʩŘĶ ƼǋŸ_ȖOǼǣ Ÿ¯ ǼÌs NŸŎƼŘɴʳ
NŸŎƼŘɴ˅ǣ ɠsEǣÞǼs ɠɠɠʳĠɴŸǼÌɴĶEŸǋǼŸǋÞsǣʳOŸŎʳ ĶĶ DŸǋ_
ŘɴʪȖOǼȖǼÞŸŘÞŘƼǋÞOsǣŸ¯EǣÞOOŸŎŎŸ_ÞǼÞsǣĶÞĨsDsŘʊsŘsʰ
ŎsŎEsǋǣ Ř_ ǢsŘÞŸǋ ōŘ¶sŎsŘǼ ƻsǋǣŸŘŘsĶ Ìɚs ¯ʩǋŎs_
NǋȖ_sʰ ŗƼǼÌʰ ƻĶŎ Ř_ ƻĶŎ ħsǋŘsĶ Ŏɴ Ìɚs _ÞǋsOǼ
OŸŎƼĶÞŘOs ɠÞǼÌ ǼÌs OŸ_s Ÿ¯ OŸŘ_ȖOǼ ŸŘ ŘŘȖĶ EǣÞǣʳ
ÞŎƼOǼ ŸŘ ǼÌs ƼǋŸ_ȖOǼǣ ¯ĶĶÞŘ¶ ȖŘ_sǋ _sǼsǋ¶sŘǼ Ř_ _ÞǣÌ
_sOĶǋǼÞŸŘǼŸǼÌÞǣs¯¯sOǼEɴǼÌsɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋ˓NrŷŸ¯
ɠǣÌ OǼs¶Ÿǋɴʳ ǢÞŎÞĶǋĶɴʰ ɚŸĶǼÞĶÞǼɴ ÞŘ ƼǋÞOsǣ Ÿ¯ ƻŸĶɴsǼÌɴĶsŘs
ǼÌsNŸŎƼŘɴ¯ŸǋŎǣƼǋǼŸ¯ǼÌÞǣŘŘȖĶǊsƼŸǋǼʳ
ǼsǋsƼÌǼÌĶǼs ʹƻrǻʺ Ř_ ƻŸĶɴƼǋŸƼɴĶsŘs ʹƻƻʺ Ŏɴ Ķs_ ǼŸ
ÞŘOǋsǣsÞŘƼǋÞOsǣŸ¯OŸŘǼÞŘsǋʳŘɴǋÞǣsÞŘħǋ¯ǼƼƼsǋƼǋÞOsǣ
MEANS OF COMMUNICATION
OŘÞŎƼOǼǼÌsǣsOŸŘ_ǋɴƼOĨ¶ÞŘ¶OŸǣǼ¯ŸǋǼÌsƼǋŸ_ȖOǼǣŸ¯
ǻÌs NŸŎƼŘɴ ƼȖEĶÞǣÌsǣ ÞǼǣ ǆȖǋǼsǋĶɴ Ř_ ŘŘȖĶ ʩŘŘOÞĶ ǼÌsNŸŎƼŘɴʳ
ǋsǣȖĶǼǣ¶sŘsǋĶĶɴÞŘDȖǣÞŘsǣǣǢǼŘ_ǋ_Ř_ǢĨĶ¯ǼsǋǣȖEŎÞǼǼÞŘ¶
ÞǼ ǼŸ ǼÌs ǢǼŸOĨ rɮOÌŘ¶sǣ ŸŘOs ƼƼǋŸɚs_ Eɴ ǼÌs DŸǋ_ Ÿ¯ ǻÌsNŸŎƼŘɴÌǣŎsOÌŘÞǣŎÞŘƼĶOsɠÌsǋsÞŘ_s_ÞOǼs_
^ÞǋsOǼŸǋǣ Ÿ¯ ǼÌs NŸŎƼŘɴʳ ǻÌs ǣÞ_ ǋsǣȖĶǼǣ ǋs ĶǣŸ ɚÞĶEĶs ǼsŎ ĨssƼǣ OĶŸǣs ɠǼOÌ ŸŘ ǼÌs ŎǋĨsǼ EsÌɚÞŸǋ Ř_
ŸŘ ǼÌs ɠsEǣÞǼs Ÿ¯ ǼÌs NŸŎƼŘɴ Ǽ ɠɠɠʳĠɴŸǼÌɴĶEŸǋǼŸǋÞsǣʳ _ŸƼǼǣ EsǣǼ ƼȖǋOÌǣs ƼǋOǼÞOsǣ ǼŸ ŎÞŘÞŎÞʊs ǼÌs s¯¯sOǼ Ÿ¯
OŸŎʳ ŷ¯ʩOÞĶ ƻǋsǣǣ ǋsĶsǣsǣʰ NŸŘ¯sǋsŘOs OĶĶ ǼǋŘǣOǋÞƼǼǣ Ř_ ÞŘ¯ĶǼÞŸŘʳ
ƼǋsǣsŘǼǼÞŸŘŎ_sǼŸǼÌsÞŘǣǼÞǼȖǼÞŸŘĶÞŘɚsǣǼŸǋǣˀŘĶɴǣǼǣǋs
ĶǣŸɚÞĶEĶsŸŘǼÌs¯ŸǋsǣÞ_ɠsEǣÞǼsŸ¯ǼÌsNŸŎƼŘɴʳ ǻÌs NŸŎƼŘɴ Ìǣ ŎÞŘÞŎĶ sɮƼŸǣȖǋs ǼŸ ¯ŸǋsÞ¶Ř sɮOÌŘ¶s
ǋÞǣĨ ɚÞǣ˚˚ɚÞǣʰ ǼŸǼĶ ǢĶsǣˀ ƻȖǋOÌǣsǣ Ÿ¯ ǼÌs NŸŎƼŘɴ Ř_ ǼÌs
CEO/ CFO CERTIFICATE ǼǋŘǣOǼÞŸŘǣǋsǣÞ¶ŘÞʩOŘǼĶɴÞŘÝŘ_ÞŘNȖǋǋsŘOɴʳ
ōŘ¶ÞŘ¶^ÞǋsOǼŸǋʰğŸÞŘǼōŘ¶ÞŘ¶^ÞǋsOǼŸǋ˓NÌÞs¯®ÞŘŘOÞĶ
ŷ¯ʩOsǋ ʹN®ŷʺ Ř_ ɟÌŸĶs ǻÞŎs ^ÞǋsOǼŸǋ ˓ NÌÞs¯ rɮsOȖǼÞɚs ǻÌsNŸŎƼŘɴÌǣŘŸǼȖŘ_sǋǼĨsŘŘɴÌs_¶ÞŘ¶OǼÞɚÞǼÞsǣ_ȖǋÞŘ¶
ŷ¯ʩOsǋʹNrŷʺÌɚsÞǣǣȖs_ǼÌsOsǋǼÞʩOǼsÞŘǼsǋŎǣŸ¯ǼÌsĵÞǣǼÞŘ¶ ǼÌsɴsǋȖŘ_sǋǋsɚÞsɠʳ
Corporate Overview Performance Governance Financial Statements ˨˦
DISCLOSURE ON COMPLIANCE WITH CORPORATE e) Listing on Stock Exchanges and Stock Codes:
GOVERNANCE REQUIREMENTS: ǻÌs sǇȖÞǼɴ ǣÌǋsǣ Ÿ¯ ǼÌs NŸŎƼŘɴ ǋs ĶÞǣǼs_ ŸŘ DǢr
ǻÌsNŸŎƼŘɴÌǣOŸŎƼĶÞs_ɠÞǼÌĶĶǼÌsNŸǋƼŸǋǼsµŸɚsǋŘŘOs ĵÞŎÞǼs_ ʹDǢrʺ Ř_ ǼÌs ŗǼÞŸŘĶ ǢǼŸOĨ rɮOÌŘ¶s Ÿ¯ ÝŘ_Þ
ǋsǇȖÞǋsŎsŘǼǣ ǣƼsOÞʩs_ ÞŘ Ǌs¶ȖĶǼÞŸŘ ˠ˦ ǼŸ ˡ˦ Ř_ OĶȖǣsǣ ĵÞŎÞǼs_ʹŗǢrʺʳǻÌsŘŘȖĶĶÞǣǼÞŘ¶¯ssǣ¯ŸǋǼÌsɴsǋˡ˟ˠˤ˚ˠ˥
ʹEʺǼŸʹÞʺŸ¯ǣȖE˚ǋs¶ȖĶǼÞŸŘʹˡʺŸ¯Ǌs¶ȖĶǼÞŸŘˣ˥Ÿ¯ǼÌsĵÞǣǼÞŘ¶ Ìɚs EssŘ ƼÞ_ ǼŸ EŸǼÌ ǼÌs ǣǼŸOĨ sɮOÌŘ¶sǣʳ ®ŸĶĶŸɠÞŘ¶
ǼEĶsÞŘ_ÞOǼsǣǼÌsNŸŎƼŘɴ˅ǣǣǼŸOĨsɮOÌŘ¶sOŸ_sǣʳ
Ǌs¶ȖĶǼÞŸŘǣʰɠÌsǋsɚsǋƼƼĶÞOEĶsǼŸǼÌsNŸŎƼŘɴʳ
ŗŎsŘ___ǋsǣǣŸ¯ǢǼŸOĨrɮOÌŘ¶s ǢǼŸOĨNŸ_s
ǻÌs NŸŎƼŘɴ Ìǣ OŸŎƼĶÞs_ ɠÞǼÌ ĶĶ ǼÌs ǋsǇȖÞǋsŎsŘǼǣ Ÿ¯ DǢrĵÞŎÞǼs_ʹDǢrʺʰ ˤˢˡ˨ˡ˥
NŸǋƼŸǋǼsµŸɚsǋŘŘOsǊsƼŸǋǼǣǣƼsOÞʩs_ÞŘǣȖE˚ƼǋǣʹˡʺǼŸ ƻÌÞǋŸʊsğssĠssEÌŸɴǻŸɠsǋǣʰ^ĶĶǢǼǋssǼʰ
ʹˠ˟ʺŸ¯ǢOÌs_ȖĶsəʹOʺŸ¯ǼÌsĵÞǣǼÞŘ¶Ǌs¶ȖĶǼÞŸŘǣʳ ōȖŎEÞ˛ˣ˟˟˟˟ˠ
ŗǼÞŸŘĶǢǼŸOĨrɮOÌŘ¶sŸ¯ÝŘ_ÞĵÞŎÞǼs_ʹŗǢrʺ ğɳŷǻËɳĵD
GENERAL SHAREHOLDER INFORMATION rɮOÌŘ¶sƻĶʊʰƻĶŸǼŗŸʳNˀˠʰµDĶŸOĨʰ
a) Annual General Meeting: ˡˤǼÌ ŘŘȖĶ µsŘsǋĶōssǼÞŘ¶ DŘ_ǋħȖǋĶNŸŎƼĶsɮʰDŘ_ǋʹrǣǼʺʰ
Ÿ¯ǼÌsNŸŎƼŘɴɠÞĶĶEsÌsĶ_ŸŘğȖĶɴˡˠʰˡ˟ˠ˥Ǽˠˠʳ˟˟ʳŎʳ ōȖŎEÞ˛ˣ˟˟˟ˤˠ
ǼōʳNʳµÌÞËĶĶʰÝŘ_ÞŘǻsɮǼÞĶsOOsǣǣŸǋÞsǣ˓ōOÌÞŘsǋɴ ÝǢÝŗŗȖŎEsǋ Ýŗr˥˥˧®˟ˠ˟ˢˠ
ōŘȖ¯OǼȖǋsǋǣ˅ ǣǣŸOÞǼÞŸŘʰ DÌŸ¶ÞĶĶ Ëǋ¶ŸɚÞŘ_ǣ
f) Registrar & Share Transfer Agents:
DȖÞĶ_ÞŘ¶ʰˣǼÌ®ĶŸŸǋʰˠ˧ˀˡ˟ʰħʳ^ȖEÌǣÌōǋ¶ʰħĶµÌŸ_ʰ
ĵÞŘĨÝŘǼÞŎsÝŘ_ÞƻǋÞɚǼsĵÞŎÞǼs_
ōȖŎEÞ˛ˣ˟˟˟˟ˠ
N˚ˠˢʰƻŘŘĶĶǢÞĶĨōÞĶĶǣNŸŎƼŸȖŘ_ʰĵʳDʳǢʳōǋ¶ʰ
DÌŘ_ȖƼʹɟsǣǼʺʰōȖŎEÞˣ˟˟˟˦˧ʰ
b) The Financial year covered by this Annual Report:ƼǋÞĶ
ƻÌŸŘsʲ˟˟˨ˠʹ˟ʺˡˡˡˤ˨ˣ˥˨˦˟ʰ®ɮʲ˟˟˨ˠʹ˟ʺˡˡˡˤ˨ˣ˥˨˥˨
ˠʰˡ˟ˠˤǼŸōǋOÌˢˠʰˡ˟ˠ˥ʳ r˚ŎÞĶʲǋŘǼʳÌsĶƼ_sǣĨ˔ĶÞŘĨÞŘǼÞŎsʳOŸʳÞŘ
c) Book Closure Dates:®ǋŸŎğȖĶɴˠ˥ʰˡ˟ˠ˥ǼŸğȖĶɴˡˠʰˡ˟ˠ˥ g) Share Transfer System:

ʹEŸǼÌ_ɴǣÞŘOĶȖǣÞɚsʺʳ ǻǋŘǣ¯sǋǣǋsǋs¶ÞǣǼsǋs_Ř_ǋsǼȖǋŘs_EɴǼÌsǊs¶ÞǣǼǋǋ˓
ǢÌǋsǻǋŘǣ¯sǋ¶sŘǼɠÞǼÌÞŘƼsǋÞŸ_Ÿ¯ˠˤ_ɴǣ¯ǋŸŎǼÌs
d) Dividend Payment Date: ŷŘ Ÿǋ Es¯Ÿǋs ğȖĶɴ ˢˠʰ ˡ˟ˠ˥ʰ _ǼsŸ¯ǋsOsÞƼǼŸ¯ǼÌs_ŸOȖŎsŘǼǣʰƼǋŸɚÞ_s_ǼÌsǣŎsǋs
ǣȖEĠsOǼ ǼŸ ǼÌs ƼƼǋŸɚĶ Ÿ¯ ǢÌǋsÌŸĶ_sǋǣ Ǽ ǼÌs sŘǣȖÞŘ¶ ÞŘŸǋ_sǋʳǻÌsNŸŎƼŘɴÌǣOŸŘǣǼÞǼȖǼs_ǢsOȖǋÞǼÞsǣǻǋŘǣ¯sǋ
ŘŘȖĶµsŘsǋĶōssǼÞŘ¶ʳ NŸŎŎÞǼǼssɠÌÞOÌOŸŘǣÞ_sǋǣǼÌsǼǋŘǣ¯sǋƼǋŸƼŸǣĶǣʳ
h) Stock Market Price for the year:

BSE Market Price (`) NSE Market Price (`)
Month High Low High Low
ƼǋÞĶˡ˟ˠˤ ˡ˧˦ʳ˟˟ ˡˣˡʳ˥˟ ˡ˧˦ʳˢˤ ˡˣˡʳ˥˟
ōɴˡ˟ˠˤ ˡ˦ˣʳ˟˟ ˡˢ˦ʳ˟˟ ˡ˦ˤʳ˟˟ ˡˢ˥ʳ˟˟
ğȖŘsˡ˟ˠˤ ˢ˟˨ʳ˥˟ ˡˢ˨ʳˤˤ ˢ˟˨ʳˤ˟ ˡˣ˟ʳˢ˟
ğȖĶɴˡ˟ˠˤ ˢˢˠʳ˨˟ ˡ˧˨ʳˢ˟ ˢˢˠʳ˧˟ ˡ˧˥ʳ˟˟
Ȗ¶ȖǣǼˡ˟ˠˤ ˢˣˡʳ˟˟ ˡ˥˥ʳ˥ˤ ˢˣˠʳˤ˟ ˡ˥ˠʳ˟˟
ǢsƼǼsŎEsǋˡ˟ˠˤ ˢˢˣʳ˟˟ ˡ˧ˤʳˠ˟ ˢˢˣʳ˨˟ ˡ˧ˣʳˤ˟
ŷOǼŸEsǋˡ˟ˠˤ ˢˢ˟ʳ˟˟ ˢ˟ˤʳ˟˟ ˢˡ˥ʳ˦ˤ ˢ˟ˤʳ˟˟
ŗŸɚsŎEsǋˡ˟ˠˤ ˢˠˢʳ˨˟ ˡ˨ˤʳˠˤ ˢˠˣʳ˟˟ ˡ˨ˠʳˡˤ
^sOsŎEsǋˡ˟ˠˤ ˢˠ˧ʳ˦ˤ ˡ˧ˤʳ˟˟ ˢˠ˧ʳˤˤ ˡ˧ˤʳ˟˟
ğŘȖǋɴˡ˟ˠ˥ ˢˡˡʳ˟˟ ˡ˥˦ʳ˟˟ ˢˡˢʳ˟˟ ˡ˥˥ʳ˟˟
®sEǋȖǋɴˡ˟ˠ˥ ˡ˨˟ʳˢˤ ˡˤˡʳ˥˟ ˡ˨ˠʳ˟˟ ˡˤˡʳˠ˟
ōǋOÌˡ˟ˠ˥ ˡ˨ˢʳ˟˟ ˡˤˢʳˣ˟ ˡ˨ˤʳ˟˟ ˡˤˡʳ˟˟
i) Shareholding Pattern as on March 31, 2016:

Category No. of Shares % to Total Share Capital
1 Promoter and Promoter Group ˠˡʰ˟˧ʰ˧ˠʰˣ˟ˠ ˥˥ʳ˦ˣ
2 Institutions
ōȖǼȖĶ®ȖŘ_ǣ ˠʰ˟˧ʰˡ˧ʰ˧ˡˤ ˤʳ˨˧
˨˧ Jyothy Laboratories Limited
Category No. of Shares % to Total Share Capital

®ÞŘŘOÞĶÝŘǣǼÞǼȖǼÞŸŘǣˀDŘĨǣ ˠˠʰˡˣˣ ˟ʳ˟ˠ
Insurance Companies ˥˟ʰ˦ˢʰˢˡ˨ ˢʳˢˤ
®ŸǋsÞ¶ŘƻŸǋǼ¯ŸĶÞŸÝŘɚsǣǼŸǋǣʹÞŘOĶȖ_ÞŘ¶®ŸǋsÞ¶ŘÝŘǣǼÞǼȖǼÞŸŘĶÝŘɚsǣǼŸǋǣʺ ˡʰ˥ˠʰ˧ˢʰˣ˨ˡ ˠˣʳˣˤ
3 Non-Institutions
DŸ_ÞsǣNŸǋƼŸǋǼs ˥˟ʰˡ˧ʰ˟˧ˤ ˢʳˢˢ
ÝŘ_ÞɚÞ_ȖĶǣ ˨˧ʰˠ˥ʰ˥˦ˤ ˤʳˣˡ
ŗŸŘǊsǣÞ_sŘǼÝŘ_ÞŘǣʹǊsƼǼǋÞEĶsˀŗŸŘǋsƼǼǋÞEĶsʺ ˣʰˢ˟ʰ˟˦ˤ ˟ʳˡˣ
rŎƼĶŸɴssǣ ˡʰ˧ˢʰ˥˨ˠ ˟ʳˠ˥
ǻǋȖǣǼǣ ˨˟ʰ˦ˡˠ ˟ʳ˟ˤ
NĶsǋÞŘ¶ōsŎEsǋǣ ˠʰ˥˥ʰˢ˨˦ ˟ʳ˟˨
ËÞŘ_ȖȕŘ_ÞɚÞ_s_®ŎÞĶɴ ˢʰˡˤʰ˦ˣˤ ˟ʳˠ˧
Total: 18,11,19,680 100.00
j) Distribution of Shareholding as on March 31, 2016:
Sr. No Slab of shareholding Shareholders Shares Value

No. of Equity shares held Number % Face Value %
From To (`)
ˠʳ 1 ˤʰ˟˟˟ 78,403 99.62 91,14,708 5.03
ˡʳ ˤʰ˟˟ˠ ˠ˟ʰ˟˟˟ 120 0.15 8,50,032 0.47
ˢʳ ˠ˟ʰ˟˟ˠ ˡ˟ʰ˟˟˟ 70 0.09 9,98,534 0.55
ˣʳ ˡ˟ʰ˟˟ˠ ˢ˟ʰ˟˟˟ 11 0.01 2,84,357 0.16
ˤʳ ˢ˟ʰ˟˟ˠ ˣ˟ʰ˟˟˟ 9 0.01 3,06,779 0.17
˥ʳ ˣ˟ʰ˟˟ˠ ˤ˟ʰ˟˟˟ 5 0.01 2,28,588 0.13
˦ʳ ˤ˟ʰ˟˟ˠ ˠʰ˟˟ʰ˟˟˟ 22 0.03 15,88,806 0.88
˧ʳ ˠʰ˟˟ʰ˟˟ˠ ˓EŸɚs 62 0.08 16,77,47,876 92.62
Total 78,702 100.00 18,11,19,680 100.00
k) Share Price (`) in comparison with BSE Sensex:

Corporate Overview Performance Governance Financial Statements ˨˨
l) Dematerialization of shares: ˒ ƻĵŷǻ ŗŷʳ ˥ʰ ˦ ˓ ˧ʰ DrǊÝŗµ ħËǢǊ ŗŸǣʳ ˢ˥ˠʰ
ǣŸŘōǋOÌˢˠʰˡ˟ˠ˥ʰ˨˨ʳˤˢ̇Ÿ¯ǼŸǼĶsǇȖÞǼɴǣÌǋsOƼÞǼĶ ˢ˥˥ ˓ ˢ˦˟ʰ ħÝr Ýŗ^ȕǢǻǊÝĵ rǢǻǻrʰ əÝĵĵµr ʲ
Ÿ¯ǼÌsNŸŎƼŘɴɠǣÌsĶ_ÞŘ_sŎǼsǋÞĶÞʊs_¯ŸǋŎʳ ōȕŗ^ÝɳħÝ˚ˡˣ˦˥˥˦ʰȕǻǻǊħËŗ^ʳ
m) Outstanding GDRs/ ADRs/ Warrants or any convertible ˒ ħËǢǊŗŷʳˠˠ˨ʰƻǊµŗDËµɟŗƻȕǊʰəÝĵĵµr

instruments:^ȖǋÞŘ¶ǼÌsɴsǋˡ˟ˠˤ˚ˠ˥ʰǼÌsNŸŎƼŘɴÌǣ ǊÝƻȕǊʰËǊÝ^ɟǊʰˡˣ˦˥˥ˠʰȕǻǻǊħËŗ^ʳ
ŘŸǼÞǣǣȖs_Řɴµ^Ǌǣˀ^ǊǣˀɟǋǋŘǼǣŸǋŘɴOŸŘɚsǋǼÞEĶs
ÞŘǣǼǋȖŎsŘǼǣʳ ˒ ƻĵŷǻ ŗŷʳ˥ˤ˥ʰ ŗrɟ ĵÝµËǻ ËŷȕǢr ōŷǊrʰ
DÝǢËŗȕƻȕǊʰ ^ÝǢǻʳʲ DŗħȕǊ ˚˦ˡˡˠˡˡʰ ɟrǢǻ
n) Plant Locations: ōŘȖ¯OǼȖǋÞŘ¶ ƻĶŘǼǣ Ÿ¯ ǼÌs NŸŎƼŘɴ Drŗµĵʳ
ǋsǣÞǼȖǼs_ǼǼÌs¯ŸĶĶŸɠÞŘ¶ĶŸOǼÞŸŘǣʲ˚
o) Shareholders & Investors Correspondence:
˒ ǢËr^ ŗŷʳ ˡˤˀˡ˥ʰ Ý^ ħŷǻËȕǊʰ ^ÝǢǻʳʲ ōrËDŷŷD ǢÌǋsÌŸĶ_sǋǣǣÌŸȖĶ___ǋsǣǣǼÌsÞǋOŸǋǋsǣƼŸŘ_sŘOsǼŸǼÌs
ŗµǊ˚ˤ˟˨ˡˡ˧ʰǻrĵŗµŗʳ NŸŎƼŘɴŘ_ˀŸǋÞǼǣǊs¶ÞǣǼǋǋŘ_ǢÌǋsǻǋŘǣ¯sǋ¶sŘǼ
ǼǼÌs¯ŸĶĶŸɠÞŘ¶__ǋsǣǣʲ
˒ rʳƻʳÝʳƻ Nŷōƻĵrɭʰ Ý^N˚ ōÝŗµŷŗʰ µȕɟËǻÝ ˚
˦˧ˠ˟ˢˠʰǢǢōʳ 1. Link Intime India Private Limited
Unit: Jyothy Laboratories Limited
˒ ǢȕǊərɳŗŷʳ˨ˠ˟ˀ˦ˀˠʰ^ŷħōǊ^ÝʰōĵÝʰǢÝĵəǢǢ˚ N˚ˠˢƻŘŘĶĶǢÞĶĨōÞĶĶǣNŸŎƼŸȖŘ_ʰ
ˢ˨˥ˡˢ˟ʰ^^Ǌ˓ŗµǊËərĵÝʳ ĵʳDʳǢʳōǋ¶ʰDÌŘ_ȖƼʹɟsǣǼʺʰ
ōȖŎEÞ˛ˣ˟˟˟˦˧ʰ
˒ əÝĵĵµrʲ ħǻËʰ ƻʳŷʳʲ D^^Ýʰ ^ÝǢǻʳʲ Ǣŷĵŗ ˚ ƻÌŸŘsʲ˟˟˨ˠʹ˟ʺˡˡˡˤ˨ˣ˥˨˦˟ʰ®ɮʲ˟˟˨ˠʹ˟ʺˡˡˡˤ˨ˣ˥˨˥˨
ˠ˦ˢˡ˟ˤʰËÝōNËĵƻǊ^rǢËʳ r˚ŎÞĶʲǋŘǼʳÌsĶƼ_sǣĨ˔ĶÞŘĨÞŘǼÞŎsʳOŸʳÞŘ
NŸŘǼOǼƻsǋǣŸŘʲōǋʳ^sǋsĨ^˅ǢÞĶɚ
˒ ĵŗr ŗŷ ˡʰ ƻËǢr ŗŷ ˡʰ ǢÝ^Nŷ Ýŗ^ȕǢǻǊÝĵ
Nŷōƻĵrɭʰ DǊÝ DǊËōŗʰ ^ÝǢǻʳʲ ǢōD 2. The Company Secretary
ʹğōōȕʺ˚ˠ˧˟˟˟ˠʰğōōȕ˓ħǢËōÝǊʳ Jyothy Laboratories Limited
˒ ōƻ Ýəˀ ˠ˟ˠ Dʰ ƻʳŷʳʲ ħŷĵµƻƻǊʰ ǢȕĵǻËŗ ħŸŘ_ÞɚÞǼʰŘ_ÌsǋÞʹrǣǼʺʰ
DǻËrǊɳ˚˥˦ˢˤ˨ˠʰħrǊĵʳ ōȖŎEÞ˛ˣ˟˟˟ˤ˨
ƻÌŸŘsʲ˟˟˨ˠʹ˟ʺˡˡ˥˥˧˨ˡ˧˟˟ʰ®ɮʲ˟˟˨ˠʹ˟ʺˡˡ˥˥˧˨ˡ˧˟ˤ
˒ ħŗ^ŗǢǢrǊɳʰ əÝ˚ǊÝɳŗŗȕǊʰ µȕǊȕəɳȕǊ˚ r˚ŎÞĶʲǣsOǋsǼǋÞĶ˔ĠɴŸǼÌɴʳOŸŎ
˥˧˟ˠ˟ˠʰ^ÝǢǻʳʲǻǊÝNËȕǊʰħrǊĵ
˒ ƻĶŸǼ ŗŸ ˡ˟ˠʰ ǢrNǻŷǊ Ýʰ ƻÝǻËōƻȕǊ Ýŗ^ȕǢǻǊÝĵ For and on behalf of the Board of Directors
Ǌrʰ^ÝǢǻʳ^ËǊ˚ˣˤˣ˦˦ˤʰō^ËɳƻǊ^rǢËʳ For Jyothy Laboratories Limited
˒ ˠˢˠ ƻrǊĵō ōÝŗ Ǌŷ^ʰ ƻʳŷʳʲ ǻËÝǊȕŗĵĵǊʰ

^ÝǢǻʳʲħǊÝħħĵ˚˥˟˨˥˟˦ʰƻŷŗ^ÝNËrǊǊɳʳ M. P. Ramachandran
˒ ǊʳǢʳŗŸˠˡˀˠ˓ˡʰȕğĵŗµǊÝŗ^ĵʳrǢǻǻrʰȕğĵ (DIN: 00553406)
Ǌŷ^ʰǻËrǻËōƻħħōʰəÝəʉËȕ^əȕǊʰƻʳŷʳʲ
ǢȕǻËȕħrŗɳ˚˥˟ˤˤ˟ˡʰƻŷŗ^ÝNËrǊǊɳʳ ōȖŎEÞʰōɴˡˢʰˡ˟ˠ˥ʳ
ˠ˟˟ Jyothy Laboratories Limited
DECLARATION BY THE CHIEF EXECUTIVE OFFICER UNDER SEBI (LISTING OBLIGATIONS AND DISCLOSURE
REQUIREMENTS) REGULATIONS, 2015 REGARDING COMPLIANCE WITH CODE OF CONDUCT
ÝŘOOŸǋ_ŘOsɠÞǼÌǊs¶ȖĶǼÞŸŘˢˣʹˢʺǋs_ɠÞǼÌǢOÌs_ȖĶsəŸ¯ǢrDÝʹĵÞǣǼÞŘ¶ŷEĶÞ¶ǼÞŸŘǣŘ_^ÞǣOĶŸǣȖǋsǊsǇȖÞǋsŎsŘǼǣʺǊs¶ȖĶǼÞŸŘǣʰ
ˡ˟ˠˤʰÝÌsǋsEɴOŸŘʩǋŎǼÌǼʰĶĶǼÌs^ÞǋsOǼŸǋǣŘ_ǼÌsǢsŘÞŸǋōŘ¶sŎsŘǼƻsǋǣŸŘŘsĶŸ¯ǼÌsNŸŎƼŘɴÌɚs¯ʩǋŎs_OŸŎƼĶÞŘOs
ɠÞǼÌǼÌsNŸ_sŸ¯NŸŘ_ȖOǼʰǣƼƼĶÞOEĶsǼŸǼÌsŎʰ¯ŸǋǼÌsʩŘŘOÞĶɴsǋsŘ_s_ōǋOÌˢˠʰˡ˟ˠ˥ʳ
S. Raghunandan
NÌÞs¯rɮsOȖǼÞɚsŷ¯ʩOsǋ˓ɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋ
(DIN: 02263845)
CERTIFICATION BY MANAGING DIRECTOR, CHIEF EXECUTIVE OFFICER (CEO) AND CHIEF FINANCIAL OFFICER (CFO)
PURSUANT TO REGULATION 17(8) READ WITH PART B OF SCHEDULE II OF SEBI (LISTING OBLIGATIONS AND
DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
ɟsʰōʳƻʳǊŎOÌŘ_ǋŘʰNÌÞǋŎŘ˓ōŘ¶ÞŘ¶^ÞǋsOǼŸǋʰħʳȕĶĶǣħŎǼÌʰğŸÞŘǼōŘ¶ÞŘ¶^ÞǋsOǼŸǋŘ_NÌÞs¯®ÞŘŘOÞĶŷ¯ʩOsǋŘ_
ōǋʳǢʳǊ¶ÌȖŘŘ_ŘʰɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋŘ_NÌÞs¯rɮsOȖǼÞɚsŷ¯ʩOsǋŸ¯ğɴŸǼÌɴĵEŸǋǼŸǋÞsǣĵÞŎÞǼs_ʰOsǋǼÞ¯ɴǼÌǼʲ˚
ˠʳ ɟsÌɚsǋsɚÞsɠs_ǼÌsʩŘŘOÞĶǣǼǼsŎsŘǼǣŘ_ǼÌsOǣÌʪŸɠǣǼǼsŎsŘǼ¯ŸǋǼÌsɴsǋsŘ_s_ōǋOÌˢˠʰˡ˟ˠ˥Ř_ǼÌǼǼŸǼÌs
EsǣǼŸ¯ŸȖǋĨŘŸɠĶs_¶sŘ_EsĶÞs¯ʲ
ʺ ǼÌsǣsǣǼǼsŎsŘǼǣ_ŸŘŸǼOŸŘǼÞŘŘɴŎǼsǋÞĶĶɴȖŘǼǋȖsǣǼǼsŎsŘǼŸǋŸŎÞǼŘɴŎǼsǋÞĶ¯OǼŸǋOŸŘǼÞŘǣǼǼsŎsŘǼǣǼÌǼ
ŎÞ¶ÌǼEsŎÞǣĶs_ÞŘ¶ʱ
Eʺ ǼÌsǣsǣǼǼsŎsŘǼǣǼŸ¶sǼÌsǋƼǋsǣsŘǼǼǋȖsŘ_¯ÞǋɚÞsɠŸ¯ǼÌsNŸŎƼŘɴ˅ǣ¯¯ÞǋǣŘ_ǋsÞŘOŸŎƼĶÞŘOsɠÞǼÌsɮÞǣǼÞŘ¶
OOŸȖŘǼÞŘ¶ǣǼŘ_ǋ_ǣʰƼƼĶÞOEĶsĶɠǣŘ_ǋs¶ȖĶǼÞŸŘǣʳ
ˡʳ ǻÌsǋsǋsʰǼŸǼÌsEsǣǼŸ¯ŸȖǋĨŘŸɠĶs_¶sŘ_EsĶÞs¯ʰŘŸǼǋŘǣOǼÞŸŘǣsŘǼsǋs_ÞŘǼŸEɴǼÌsNŸŎƼŘɴ_ȖǋÞŘ¶ǼÌsɴsǋɠÌÞOÌǋs
¯ǋȖ_ȖĶsŘǼʰÞĶĶs¶ĶŸǋɚÞŸĶǼÞɚsŸ¯ǼÌsNŸŎƼŘɴ˅ǣOŸ_sŸ¯OŸŘ_ȖOǼʳ
ˢʳ ɟsOOsƼǼǋsǣƼŸŘǣÞEÞĶÞǼɴ¯ŸǋsǣǼEĶÞǣÌÞŘ¶Ř_ŎÞŘǼÞŘÞŘ¶ÞŘǼsǋŘĶOŸŘǼǋŸĶǣ¯ŸǋʩŘŘOÞĶǋsƼŸǋǼÞŘ¶Ř_ǼÌǼɠsÌɚssɚĶȖǼs_
ǼÌss¯¯sOǼÞɚsŘsǣǣŸ¯ÞŘǼsǋŘĶOŸŘǼǋŸĶǣɴǣǼsŎǣŸ¯ǼÌsNŸŎƼŘɴƼsǋǼÞŘÞŘ¶ǼŸʩŘŘOÞĶǋsƼŸǋǼÞŘ¶Ř_ɠsÌɚs_ÞǣOĶŸǣs_ǼŸǼÌs
Ȗ_ÞǼŸǋǣŘ_ǼÌsȖ_ÞǼNŸŎŎÞǼǼssʰ_sʩOÞsŘOÞsǣÞŘǼÌs_sǣÞ¶ŘŸǋŸƼsǋǼÞŸŘŸ¯ǣȖOÌÞŘǼsǋŘĶOŸŘǼǋŸĶǣʰÞ¯ŘɴʰŸ¯ɠÌÞOÌɠsǋs
ɠǋsŘ_ǼÌsǣǼsƼǣɠsÌɚsǼĨsŘŸǋƼǋŸƼŸǣsǼŸǼĨsǼŸǋsOǼÞ¯ɴǼÌsǣs_sʩOÞsŘOÞsǣʳ
ˣʳ ɟsÌɚsÞŘ_ÞOǼs_ǼŸǼÌsȖ_ÞǼŸǋǣŘ_ǼÌsȖ_ÞǼNŸŎŎÞǼǼssǼÌǼǼÌsǋsǋsŘŸ˚
ʺ ǣÞ¶ŘÞʩOŘǼOÌŘ¶sǣÞŘÞŘǼsǋŘĶOŸŘǼǋŸĶŸɚsǋʩŘŘOÞĶǋsƼŸǋǼÞŘ¶_ȖǋÞŘ¶ǼÌsɴsǋʱ
Eʺ ǣ Þ¶ŘÞʩOŘǼOÌŘ¶sǣÞŘOOŸȖŘǼÞŘ¶ƼŸĶÞOÞsǣ_ȖǋÞŘ¶ǼÌsɴsǋŘ_ǼÌǼǼÌsǣŎsÌɚsEssŘ_ÞǣOĶŸǣs_ÞŘǼÌsŘŸǼsǣǼŸǼÌs
ʩŘŘOÞĶǣǼǼsŎsŘǼǣʱŘ_
Oʺ ÞŘǣǼŘOsǣŸ¯ǣÞ¶ŘÞʩOŘǼ¯ǋȖ_Ÿ¯ɠÌÞOÌɠsÌɚsEsOŸŎsɠǋsŘ_ǼÌsÞŘɚŸĶɚsŎsŘǼǼÌsǋsÞŘʰÞ¯ŘɴʰŸ¯ǼÌsŎŘ¶sŎsŘǼŸǋ
ŘsŎƼĶŸɴssÌɚÞŘ¶ǣÞ¶ŘÞʩOŘǼǋŸĶsÞŘǼÌsNŸŎƼŘɴ˅ǣÞŘǼsǋŘĶOŸŘǼǋŸĶǣɴǣǼsŎŸɚsǋʩŘŘOÞĶǋsƼŸǋǼÞŘ¶ʳ
M. P. Ramachandran K. Ullas Kamath S. Raghunandan

Chairman & Managing Director Joint Managing Director and CFO Whole Time Director and CEO
(DIN: 00553406) (DIN: 00506681) (DIN: 02263845)
AUDITORS’ CERTIFICATE
To
The Members of Jyothy Laboratories Limited
We have examined the compliance of conditions of Corporate Governance by Jyothy Laboratories Limited (“the Company”),
for the year ended March 31, 2016, as stipulated in Clause 49 of the Listing Agreement (“Listing Agreement”) of the Company
with the stock exchanges for the period April 1, 2015 to November 30, 2015 and as per the relevant provisions of Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations)” as referred to
in Regulation 15(2) of the Listing Regulations, for the period December 1, 2015 to March 31, 2016.
The compliance of conditions of Corporate Governance is the responsibility of the Management. Our examination was limited to
procedures and implementation thereof, adopted by the Company for ensuring the compliance of the conditions of Corporate
µŸɚsǋŘŘOsʳÝǼÞǣŘsÞǼÌsǋŘȖ_ÞǼŘŸǋŘsɮƼǋsǣǣÞŸŘŸ¯ŸƼÞŘÞŸŘŸŘǼÌsʩŘŘOÞĶǣǼǼsŎsŘǼǣŸ¯ǼÌsNŸŎƼŘɴʳ
In our opinion and to the best of our information and according to the explanations given to us, we certify that the Company
has complied with the conditions of Corporate Governance as stipulated in the above mentioned Listing Agreement/ Listing
Regulations, as applicable.
ɟs ¯ȖǋǼÌsǋ ǣǼǼs ǼÌǼ ǣȖOÌ OŸŎƼĶÞŘOs Þǣ ŘsÞǼÌsǋ Ř ǣǣȖǋŘOs ǣ ǼŸ ǼÌs ¯ȖǼȖǋs ɚÞEÞĶÞǼɴ Ÿ¯ ǼÌs NŸŎƼŘɴ ŘŸǋ ǼÌs s¯ʩOÞsŘOɴ Ÿǋ
effectiveness with which the management has conducted the affairs of the Company.
For S R B C & CO LLP

Chartered Accountants
ICAI Firm Registration Number: 324982E/ E300003
per Vikram Mehta

Partner
Membership Number: 105938
Place of Signature: Mumbai

Date: May 23, 2016
INDEPENDENT AUDITOR’S REPORT

To the Members of Jyothy Laboratories Limited An audit involves performing procedures to obtain audit
sɚÞ_sŘOs EŸȖǼ ǼÌs ŎŸȖŘǼǣ Ř_ _ÞǣOĶŸǣȖǋsǣ ÞŘ ǼÌs ʩŘŘOÞĶ
REPORT ON THE FINANCIAL STATEMENTS statements. The procedures selected depend on the
auditor’s judgment, including the assessment of the risks of
ɟs Ìɚs Ȗ_ÞǼs_ ǼÌs OOŸŎƼŘɴÞŘ¶ ǣǼŘ_ĶŸŘs ʩŘŘOÞĶ ŎǼsǋÞĶ ŎÞǣǣǼǼsŎsŘǼ Ÿ¯ ǼÌs ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣʰ ɠÌsǼÌsǋ
statements of Jyothy Laboratories Limited (“the Company”), due to fraud or error. In making those risk assessments, the
which comprise the Balance Sheet as at March 31, 2016, the Ȗ_ÞǼŸǋ OŸŘǣÞ_sǋǣ ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶ ǋsĶsɚŘǼ ǼŸ ǼÌs
ǢǼǼsŎsŘǼŸ¯ƻǋŸʩǼŘ_ĵŸǣǣŘ_NǣÌ®ĶŸɠǢǼǼsŎsŘǼ¯ŸǋǼÌs NŸŎƼŘɴ˅ǣ ƼǋsƼǋǼÞŸŘ Ÿ¯ ǼÌs ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ ǼÌǼ ¶Þɚs
ɴsǋ ǼÌsŘ sŘ_s_ʰ Ř_ ǣȖŎŎǋɴ Ÿ¯ ǣÞ¶ŘÞʩOŘǼ OOŸȖŘǼÞŘ¶ a true and fair view in order to design audit procedures that
policies and other explanatory information. are appropriate in the circumstances. An audit also includes
evaluating the appropriateness of accounting policies used
MANAGEMENT’S RESPONSIBILITY FOR THE FINANCIAL
and the reasonableness of the accounting estimates made
STATEMENTS
by the Company’s Directors, as well as evaluating the overall
ƼǋsǣsŘǼǼÞŸŘ Ÿ¯ ǼÌs ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣʳ ɟs EsĶÞsɚs ǼÌǼ ǼÌs
The Company’s Board of Directors is responsible for the
Ȗ_ÞǼsɚÞ_sŘOsɠsÌɚsŸEǼÞŘs_ÞǣǣȖ¯ʩOÞsŘǼŘ_ƼƼǋŸƼǋÞǼs
matters stated in Section 134(5) of the Companies Act, 2013
to provide a basis for our audit opinion on the standalone
(“the Act”) with respect to the preparation of these standalone
ʩŘŘOÞĶǣǼǼsŎsŘǼǣʳ
ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ ǼÌǼ ¶Þɚs ǼǋȖs Ř_ ¯Þǋ ɚÞsɠ Ÿ¯ ǼÌs
ʩŘŘOÞĶƼŸǣÞǼÞŸŘʰʩŘŘOÞĶƼsǋ¯ŸǋŎŘOsŘ_OǣÌʪŸɠǣŸ¯ǼÌs
Company in accordance with accounting principles generally OPINION
accepted in India, including the Accounting Standards
In our opinion and to the best of our information and according
ǣƼsOÞʩs_ ȖŘ_sǋ ǣsOǼÞŸŘ ˠˢˢ Ÿ¯ ǼÌs OǼʰ ǋs_ ɠÞǼÌ ǊȖĶs ˦ Ÿ¯
ǼŸ ǼÌs sɮƼĶŘǼÞŸŘǣ ¶ÞɚsŘ ǼŸ Ȗǣʰ ǼÌs ǣǼŘ_ĶŸŘs ʩŘŘOÞĶ
the Companies (Accounts) Rules, 2014. This responsibility
statements give the information required by the Act in the
also includes maintenance of adequate accounting records in
manner so required and give a true and fair view in conformity
accordance with the provisions of the Act for safeguarding of
with the accounting principles generally accepted in India of
the assets of the Company and for preventing and detecting
the state of affairs of the Company as at March 31, 2016, its
frauds and other irregularities; selection and application of
ƼǋŸʩǼʰŘ_ÞǼǣOǣÌʪŸɠǣ¯ŸǋǼÌsɴsǋsŘ_s_ŸŘǼÌǼ_Ǽsʳ
appropriate accounting policies; making judgments and
estimates that are reasonable and prudent; and the design,
REPORT ON OTHER LEGAL AND REGULATORY
implementation and maintenance of adequate internal
REQUIREMENTS
ʩŘŘOÞĶ OŸŘǼǋŸĶ ǼÌǼ ɠsǋs ŸƼsǋǼÞŘ¶ s¯¯sOǼÞɚsĶɴ ¯Ÿǋ sŘǣȖǋÞŘ¶
the accuracy and completeness of the accounting records,
1. As required by the Companies (Auditor’s report) Order,
ǋsĶsɚŘǼ ǼŸ ǼÌs ƼǋsƼǋǼÞŸŘ Ř_ ƼǋsǣsŘǼǼÞŸŘ Ÿ¯ ǼÌs ʩŘŘOÞĶ
2016 (“the Order”) issued by the Central Government of
statements that give a true and fair view and are free from
India in terms of sub-section (11) of section 143 of the
material misstatement, whether due to fraud or error.
Act, we give in the Annexure 1 a statement on the matters
ǣƼsOÞʩs_ÞŘƼǋ¶ǋƼÌǣˢŘ_ˣŸ¯ǼÌsŷǋ_sǋʳ
AUDITOR’S RESPONSIBILITY
2. As required by section 143 (3) of the Act, we report that:

Our responsibility is to express an opinion on these standalone
ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ Eǣs_ ŸŘ ŸȖǋ Ȗ_ÞǼʳ ɟs Ìɚs ǼĨsŘ ÞŘǼŸ
(a) We have sought and obtained all the information and
account the provisions of the Act, the accounting and auditing
explanations which to the best of our knowledge and
standards and matters which are required to be included in
belief were necessary for the purpose of our audit;
the audit report under the provisions of the Act and the Rules
made thereunder. We conducted our audit in accordance with (b) In our opinion proper books of account as required
the Standards on Auditing, issued by the Institute of Chartered by law have been kept by the Company so far as it
OOŸȖŘǼŘǼǣ Ÿ¯ ÝŘ_Þʰ ǣ ǣƼsOÞʩs_ ȖŘ_sǋ ǢsOǼÞŸŘ ˠˣˢʹˠ˟ʺ Ÿ¯ appears from our examination of those books;
the Act. Those Standards require that we comply with ethical
requirements and plan and perform the audit to obtain ʹOʺ ǻÌsDĶŘOsǢÌssǼʰǢǼǼsŎsŘǼŸ¯ƻǋŸʩǼŘ_ĵŸǣǣŘ_
ǋsǣŸŘEĶsǣǣȖǋŘOsEŸȖǼɠÌsǼÌsǋǼÌsʩŘŘOÞĶǣǼǼsŎsŘǼǣ Cash Flow Statement dealt with by this Report are in
are free from material misstatement. agreement with the books of account;
ʹ_ʺ ÝŘ ŸȖǋ ŸƼÞŘÞŸŘʰ ǼÌs ¯ŸǋsǣÞ_ ǣǼŘ_ĶŸŘs ʩŘŘOÞĶ i. The Company has disclosed the impact of
statements comply with the Accounting Standards ƼsŘ_ÞŘ¶ ĶÞǼÞ¶ǼÞŸŘǣ ŸŘ ÞǼǣ ʩŘŘOÞĶ ƼŸǣÞǼÞŸŘ ÞŘ
ǣƼsOÞʩs_ȖŘ_sǋǣsOǼÞŸŘˠˢˢŸ¯ǼÌsOǼʰǋs_ɠÞǼÌǊȖĶs ÞǼǣ ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ ˛ Ǌs¯sǋ ŗŸǼs ˢˢ ǼŸ ǼÌs
˦Ÿ¯ǼÌsNŸŎƼŘÞsǣʹOOŸȖŘǼǣʺǊȖĶsǣʰˡ˟ˠˣʱ ʩŘŘOÞĶǣǼǼsŎsŘǼǣʱ
(e) On the basis of written representations received ii. The Company did not have any long-term
from the directors as on March 31, 2016 , and taken contracts including derivative contracts for which
on record by the Board of Directors, none of the there were any material foreseeable losses.
_ÞǋsOǼŸǋǣÞǣ_ÞǣǇȖĶÞʩs_ǣŸŘōǋOÌˢˠʰˡ˟ˠ˥ʰ¯ǋŸŎ iii. There has been no delay in transferring amounts,
being appointed as a director in terms of section 164 required to be transferred, to the Investor
(2) of the Act; Education and Protection Fund by the Company.
ʹ¯ʺ ɟÞǼÌǋsǣƼsOǼǼŸǼÌs_sǇȖOɴŸ¯ǼÌsÞŘǼsǋŘĶʩŘŘOÞĶ For S R B C & CO LLP

OŸŘǼǋŸĶǣŸɚsǋʩŘŘOÞĶǋsƼŸǋǼÞŘ¶Ÿ¯ǼÌsNŸŎƼŘɴŘ_ Chartered Accountants
the operating effectiveness of such controls, refer to ICAI Firm Registration Number: 324982E/ E300003
our separate Report in “Annexure 2” to this report;
per Vikram Mehta
(g) With respect to the other matters to be included in
Partner
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 Place of Signature: Mumbai
according to the explanations given to us: Date: May 23, 2016
ANNEXURE 1 TO INDEPENDENT AUDITOR’S REPORT

on even date on the Standalone Financials Statements of Jyothy Laboratories Limited
(i) (a) The Company has maintained proper records (c) There is no amount of loans granted to Companies,
showing full particulars, including quantitative details ʩǋŎǣŸǋŸǼÌsǋƼǋǼÞsǣĶÞǣǼs_ÞŘǼÌsǋs¶ÞǣǼsǋŎÞŘǼÞŘs_
Ř_ǣÞǼȖǼÞŸŘŸ¯ʩɮs_ǣǣsǼǣʳ under section 189 of the Companies Act, 2013 which
are outstanding for more than ninety days.
ʹEʺ ĶĶ ʩɮs_ ǣǣsǼǣ Ìɚs ŘŸǼ EssŘ ƼÌɴǣÞOĶĶɴ ɚsǋÞʩs_ Eɴ
the management during the year but there is a regular
(iv) In our opinion and according to the information and
ƼǋŸ¶ǋŎŎs Ÿ¯ ɚsǋÞʩOǼÞŸŘ ɠÌÞOÌʰ ÞŘ ŸȖǋ ŸƼÞŘÞŸŘʰ Þǣ
explanations given to us, the Company has not advanced
reasonable having regards to size of the Company
loans to directors / to a Company in which the Director
and nature of its assets. No material discrepancies
is interested to which provisions of section 185 of the
ɠsǋsÞ_sŘǼÞʩs_ŸŘǣȖOÌɚsǋÞʩOǼÞŸŘʳ
Companies Act 2013 apply and hence not commented
(c) According to information and explanations given upon.
by the management the title deeds of immovable
ƼǋŸƼsǋǼÞsǣ ÞŘOĶȖ_s_ ÞŘ ŗŸǼs ˠˡ ǼŸ ǼÌs ʩŘŘOÞĶ In our opinion and according to the information and
statements are held in the name of the Company, explanations given to us, provisions of section 186 of the
except as noted below:- Companies Act 2013 in respect of loans and advances
given, investments made and, guarantees, and securities
˒ ÝŘǋsǣƼsOǼŸ¯ǼɠŸÞŎŎŸɚEĶsƼǋŸƼsǋǼÞsǣʹ¯ǋssÌŸĶ_ given have been complied with by the Company.
land) aggregating to ` 2.21 lacs as at March 31,
2016, the title deeds were not available with the (v) The Company has not accepted any deposits from the
Company and hence we are unable to comment public.
on the same.
(vi) We have broadly reviewed the books of account maintained
˒ ÝŘ ǋsǣƼsOǼ Ÿ¯ ǼÌs ¯ŸĶĶŸɠÞŘ¶ʰ ǼÌs ÞŎŎŸɚEĶs
by the Company pursuant to the rules made by the Central
properties are not held in the name of the
Government for the maintenance of cost records under
Company. The same is held in the name of the
section 148(1) of the Companies Act, 2013, related to the
erstwhile entities which have been merged with
manufacture of products of the Company, and are of the
the Company.
ŸƼÞŘÞŸŘǼÌǼƼǋÞŎ¯OÞsʰǼÌsǣƼsOÞʩs_OOŸȖŘǼǣŘ_ǋsOŸǋ_ǣ
Total Nature Gross block Net Block have been made and maintained. We have not, however,
Number of (` in lacs) (` in lacs) made a detailed examination of the same.
Cases
(vii) (a) The Company is regular in depositing with appropriate
2 Freehold land ˣʰ˨˦ˣ ˣʰˣ˨˦
authorities undisputed statutory dues including
and building
provident fund, employees’ state insurance, income-
ʹÞÞʺ ǻÌs ŎŘ¶sŎsŘǼ Ìǣ OŸŘ_ȖOǼs_ ƼÌɴǣÞOĶ ɚsǋÞʩOǼÞŸŘ tax, sales-tax, service tax, duty of custom, duty of
of inventory at reasonable intervals during the year and excise, value added tax, cess and other material
no material discrepancies were noticed on such physical statutory dues applicable to it.
ɚsǋÞʩOǼÞŸŘʳ
(b) According to the information and explanations given
(iii) (a) The Company has granted loan to one Company
to us, no undisputed amounts payable in respect of
covered in the register maintained under section
provident fund, employees’ state insurance, income-
189 of the Companies Act, 2013. In our opinion and
tax, service tax, sales-tax, duty of custom, duty of
according to the information and explanations given
excise, value added tax, cess and other material
to us, the terms and conditions of the loan are not
statutory dues were outstanding, at the year end, for
prejudicial to the Company’s interest.
a period of more than six months from the date they
(b) The Company has granted loans that are re-payable became payable.
on demand, to a Company covered in the register
maintained under section 189 of the Companies Act, (c) According to the records of the Company, the dues
2013. We are informed that the Company has not outstanding of income-tax, sales-tax, wealth-tax,
demanded repayment of any such loan and interest service tax, customs duty, excise duty, value added tax
during the year, and thus, there has been no default on and cess that have not been deposited on account of
the part of the parties to whom the money has been lent. any dispute, are as follows:
Matter Year Forum where dispute is pending (Amounts in Lacs)

Commissioner Tribunal High Court Supreme court Grand total
and Appellate
Excise 1998-2000 10 - - - 10
2006-2014 134 1 - - 135
Service Tax 2005-2006 ˦ - - - ˦
2010-2012 91 - - - 91
Sales Tax 1999-2001 18 4 - - 22
2001-2009 54 - - - 54
2001-2004 352 153 200 - ˦˟ˤ
2004-2005 18 293 - - 311
2005-2006 334 213 - - ˤˣ˦
ˡ˟˟˥˚ˡ˟˟˦ ˤˢ˦ 181 52 - ˦˦˟
2006-2011 31 - - - 31
ˡ˟˟˦˚ˡ˟˟˧ 204 23 8 - 235
2008-2010 ˢ˦ˢ 39 - - 412
2009-2010 108 128 108 - 344
2010-2011 ˡˠ˦ - - 168 385
2010-2012 ˠ˦ - - - ˠ˦
2010-2013 40 - - - 40
2011-2012 60 - - - 60
2011-2013 44 - - - 44
2011-2014 - - - - -
2012-2013 69 - - - 69
2012-2014 4 - - - 4
2013-2014 ˦˧ - - - ˦˧
2014-2015 ˠ˦ - - - ˠ˦
Income Tax AY 2008-2013 ˤʰˠ˦˦ 95 - - ˤʰˡ˦ˡ
Total 7,994 1,130 368 168 9,660
(viii) In our opinion and according to the information and (xi) According to the information and explanations given by
explanations given by the management, the Company the management, the managerial remuneration has been
Ìǣ ŘŸǼ _s¯ȖĶǼs_ ÞŘ ǋsƼɴŎsŘǼ Ÿ¯ _Ȗsǣ ǼŸ ʩŘŘOÞĶ paid / provided in accordance with the requisite approvals
institution, bank, debenture holders or government. ŎŘ_Ǽs_ Eɴ ǼÌs ƼǋŸɚÞǣÞŸŘǣ Ÿ¯ ǣsOǼÞŸŘ ˠ˨˦ ǋs_ ɠÞǼÌ
Schedule V to the Companies Act, 2013.
(ix) According to the information and explanations given by
the management, the Company has not raised any money
(xii) In our opinion, the Company is not a nidhi Company.
by way of initial public offer / further public offer / debt
Therefore, the provisions of clause 3(xii) of the order are
instruments and term loans. Hence, reporting under
not applicable to the Company and hence not commented
clause (ix) is not applicable to the Company and hence not
upon.
commented upon.
(x) Based upon the audit procedures performed for the purpose (xiii) According to the information and explanations given by
Ÿ¯ǋsƼŸǋǼÞŘ¶ǼÌsǼǋȖsŘ_¯ÞǋɚÞsɠŸ¯ǼÌsʩŘŘOÞĶǣǼǼsŎsŘǼǣ the management, transactions with the related parties are
and according to the information and explanations given by ÞŘOŸŎƼĶÞŘOsɠÞǼÌǣsOǼÞŸŘˠ˦˦Ř_ˠ˧˧Ÿ¯NŸŎƼŘÞsǣOǼʰ
the management, we report that no fraud by the Company 2013 where applicable and the details have been disclosed
ŸǋŸŘǼÌsNŸŎƼŘɴEɴǼÌsŸ¯ʩOsǋǣŘ_sŎƼĶŸɴssǣŸ¯ǼÌs ÞŘǼÌsŘŸǼsǣǼŸǼÌsʩŘŘOÞĶǣǼǼsŎsŘǼǣʰǣǋsǇȖÞǋs_EɴǼÌs
Company has been noticed or reported during the year. applicable accounting standards.
(xiv) According to the information and explanations given to (xvi) According to the information and explanations given to
us and on an overall examination of the balance sheet, us, the provisions of section 45-IA of the Reserve Bank of
the Company has not made any preferential allotment or India Act, 1934 are not applicable to the Company.
private placement of shares or fully or partly convertible
debentures during the year under review. Accordingly, For S R B C & CO LLP
the reporting requirements under clause 3(xiv) are not Chartered Accountants
applicable to the Company and not commented upon. ICAI Firm Registration Number: 324982E/ E300003
per Vikram Mehta

(xv) According to the information and explanations given by
Partner
the management, the Company has not entered into any
non-cash transactions with directors or persons connected
with him as referred to in Section 192 of the Companies Place of Signature: Mumbai
Act, 2013. Date: May 23, 2016
Corporate Overview Performance Governance Financial Statements ˠ˟˦
ANNEXURE 2 TO INDEPENDENT AUDITOR’S REPORT

of even date on the Standalone Financial Statements of Jyothy Laboratories Limited
Report on the Internal Financial Controls under Clause (i) MEANING OF INTERNAL FINANCIAL CONTROLS OVER
of Sub-section 3 of Section 143 of the Companies Act, 2013 FINANCIAL REPORTING
(“the Act”)
OŸŎƼŘɴ˅ǣÞŘǼsǋŘĶʩŘŘOÞĶOŸŘǼǋŸĶŸɚsǋʩŘŘOÞĶǋsƼŸǋǼÞŘ¶Þǣ
ɟsÌɚsȖ_ÞǼs_ǼÌsÞŘǼsǋŘĶʩŘŘOÞĶOŸŘǼǋŸĶǣŸɚsǋʩŘŘOÞĶ a process designed to provide reasonable assurance regarding
reporting of Jyothy Laboratories Limited (“the Company”) as of ǼÌs ǋsĶÞEÞĶÞǼɴ Ÿ¯ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ Ř_ ǼÌs ƼǋsƼǋǼÞŸŘ Ÿ¯
March 31, 2016 in conjunction with our audit of the standalone
ʩŘŘOÞĶǣǼǼsŎsŘǼǣ¯ŸǋsɮǼsǋŘĶƼȖǋƼŸǣsǣÞŘOOŸǋ_ŘOsɠÞǼÌ
ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ Ÿ¯ ǼÌs NŸŎƼŘɴ ¯Ÿǋ ǼÌs ɴsǋ sŘ_s_ ŸŘ
generally accepted accounting principles. A company’s internal
that date.
ʩŘŘOÞĶOŸŘǼǋŸĶŸɚsǋʩŘŘOÞĶǋsƼŸǋǼÞŘ¶ÞŘOĶȖ_sǣǼÌŸǣsƼŸĶÞOÞsǣ
and procedures that: (1) pertain to the maintenance of records
MANAGEMENT’S RESPONSIBILITY FOR INTERNAL
ǼÌǼʰ ÞŘ ǋsǣŸŘEĶs _sǼÞĶʰ OOȖǋǼsĶɴ Ř_ ¯ÞǋĶɴ ǋsʪsOǼ ǼÌs
FINANCIAL CONTROLS
transactions and dispositions of the assets of the company; (2)
The Company’s Management is responsible for establishing provide reasonable assurance that transactions are recorded
Ř_ ŎÞŘǼÞŘÞŘ¶ ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶǣ Eǣs_ ŸŘ ǼÌs ǣ ŘsOsǣǣǋɴ ǼŸ ƼsǋŎÞǼ ƼǋsƼǋǼÞŸŘ Ÿ¯ ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ ÞŘ
ÞŘǼsǋŘĶOŸŘǼǋŸĶŸɚsǋʩŘŘOÞĶǋsƼŸǋǼÞŘ¶OǋÞǼsǋÞsǣǼEĶÞǣÌs_Eɴ
accordance with generally accepted accounting principles, and
the Company considering the essential components of internal
control stated in the Guidance Note on Audit of Internal Financial that receipts and expenditures of the company are being made
Controls Over Financial Reporting issued by the Institute of only in accordance with authorisations of management and
Chartered Accountants of India. These responsibilities include directors of the company; and (3) provide reasonable assurance
the design, implementation and maintenance of adequate regarding prevention or timely detection of unauthorised
ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶǣ ǼÌǼ ɠsǋs ŸƼsǋǼÞŘ¶ s¯¯sOǼÞɚsĶɴ ¯Ÿǋ acquisition, use, or disposition of the company’s assets that
sŘǣȖǋÞŘ¶ ǼÌs Ÿǋ_sǋĶɴ Ř_ s¯ʩOÞsŘǼ OŸŘ_ȖOǼ Ÿ¯ ÞǼǣ EȖǣÞŘsǣǣʰ OŸȖĶ_ÌɚsŎǼsǋÞĶs¯¯sOǼŸŘǼÌsʩŘŘOÞĶǣǼǼsŎsŘǼǣʳ
including adherence to the Company’s policies, the safeguarding
of its assets, the prevention and detection of frauds and errors, INHERENT LIMITATIONS OF INTERNAL FINANCIAL
the accuracy and completeness of the accounting records, CONTROLS OVER FINANCIAL REPORTING
Ř_ǼÌsǼÞŎsĶɴƼǋsƼǋǼÞŸŘŸ¯ǋsĶÞEĶsʩŘŘOÞĶÞŘ¯ŸǋŎǼÞŸŘʰǣ
required under the Companies Act, 2013. DsOȖǣs Ÿ¯ ǼÌs ÞŘÌsǋsŘǼ ĶÞŎÞǼǼÞŸŘǣ Ÿ¯ ÞŘǼsǋŘĶ ʩŘŘOÞĶ
OŸŘǼǋŸĶǣ Ÿɚsǋ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ʰ ÞŘOĶȖ_ÞŘ¶ ǼÌs ƼŸǣǣÞEÞĶÞǼɴ
AUDITOR’S RESPONSIBILITY of collusion or improper management override of controls,
material misstatements due to error or fraud may occur and
Our responsibility is to express an opinion on the Company’s
not be detected. Also, projections of any evaluation of the
ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶǣ Ÿɚsǋ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ Eǣs_ ŸŘ
our audit. We conducted our audit in accordance with the ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶǣ Ÿɚsǋ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ ǼŸ ¯ȖǼȖǋs
Guidance Note on Audit of Internal Financial Controls Over ƼsǋÞŸ_ǣǋsǣȖEĠsOǼǼŸǼÌsǋÞǣĨǼÌǼǼÌsÞŘǼsǋŘĶʩŘŘOÞĶOŸŘǼǋŸĶ
Financial Reporting (the “Guidance Note”) and the Standards on Ÿɚsǋ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ Ŏɴ EsOŸŎs ÞŘ_sǇȖǼs EsOȖǣs Ÿ¯
Ȗ_ÞǼÞŘ¶ǣǣƼsOÞʩs_ȖŘ_sǋǣsOǼÞŸŘˠˣˢʹˠ˟ʺŸ¯ǼÌsNŸŎƼŘÞsǣ changes in conditions, or that the degree of compliance with
Act, 2013, to the extent applicable to an audit of internal the policies or procedures may deteriorate.
ʩŘŘOÞĶ OŸŘǼǋŸĶǣʰ EŸǼÌ ƼƼĶÞOEĶs ǼŸ Ř Ȗ_ÞǼ Ÿ¯ ÝŘǼsǋŘĶ
Financial Controls and, both issued by the Institute of Chartered OPINION
Accountants of India. Those Standards and the Guidance Note
In our opinion, the Company has, in all material respects, an
require that we comply with ethical requirements and plan
_sǇȖǼs ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶǣ ǣɴǣǼsŎ Ÿɚsǋ ʩŘŘOÞĶ
and perform the audit to obtain reasonable assurance about
ɠÌsǼÌsǋ _sǇȖǼs ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶǣ Ÿɚsǋ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ Ř_ ǣȖOÌ ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶǣ Ÿɚsǋ ʩŘŘOÞĶ
reporting was established and maintained and if such controls reporting were operating effectively as at March 31,2016
operated effectively in all material respects. Eǣs_ ŸŘ ǼÌs ÞŘǼsǋŘĶ OŸŘǼǋŸĶ Ÿɚsǋ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ OǋÞǼsǋÞ
Our audit involves performing procedures to obtain audit established by the Company considering the essential
sɚÞ_sŘOs EŸȖǼ ǼÌs _sǇȖOɴ Ÿ¯ ǼÌs ÞŘǼsǋŘĶ ʩŘŘOÞĶ components of internal control stated in the Guidance Note
OŸŘǼǋŸĶǣ ǣɴǣǼsŎ Ÿɚsǋ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ Ř_ ǼÌsÞǋ ŸƼsǋǼÞŘ¶ on Audit of Internal Financial Controls Over Financial Reporting
s¯¯sOǼÞɚsŘsǣǣʳ ŷȖǋ Ȗ_ÞǼ Ÿ¯ ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶǣ Ÿɚsǋ issued by the Institute of Chartered Accountants of India.
ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ ÞŘOĶȖ_s_ ŸEǼÞŘÞŘ¶ Ř ȖŘ_sǋǣǼŘ_ÞŘ¶ Ÿ¯
ÞŘǼsǋŘĶʩŘŘOÞĶOŸŘǼǋŸĶǣŸɚsǋʩŘŘOÞĶǋsƼŸǋǼÞŘ¶ʰǣǣsǣǣÞŘ¶ǼÌs
risk that a material weakness exists, and testing and evaluating For S R B C & CO LLP
the design and operating effectiveness of internal control Chartered Accountants
based on the assessed risk. The procedures selected depend ICAI Firm Registration Number: 324982E/ E300003
on the auditor’s judgement, including the assessment of the
ǋÞǣĨǣ Ÿ¯ ŎǼsǋÞĶ ŎÞǣǣǼǼsŎsŘǼ Ÿ¯ ǼÌs ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣʰ per Vikram Mehta
whether due to fraud or error. Partner
We believe that the audit evidence we have obtained is Membership Number: 105938
ǣȖ¯ʩOÞsŘǼ Ř_ ƼƼǋŸƼǋÞǼs ǼŸ ƼǋŸɚÞ_s EǣÞǣ ¯Ÿǋ ŸȖǋ Ȗ_ÞǼ
ŸƼÞŘÞŸŘŸŘǼÌsÞŘǼsǋŘĶʩŘŘOÞĶOŸŘǼǋŸĶǣǣɴǣǼsŎŸɚsǋʩŘŘOÞĶ Place of Signature: Mumbai
reporting. Date: May 23, 2016
BALANCE SHEET
as at March 31, 2016
` In Lacs
Note 2016 2015
EQUITY AND LIABILITIES
Shareholders’ funds
Share capital 4 1,811.20 1,810.23
Reserves and surplus 5 ˠ˟ˠʰˣˣ˥ʳ˦˧ 94,360.14
103,257.98 96,170.37
Non-current liabilities
Long-term borrowings 6 - 40,000.00
Deferred tax liabilities (Net) ˦ 2,453.11 -
Other Long-term liabilities 8 - ˠˣʰ˦˨ˤʳ˨˟
Provisions 9 1,632.60 ˠʰˡ˥˨ʳ˦˨
4,085.71 56,065.69
Current liabilities
Trade payables 10
Total outstanding dues of micro enterprises and small enterprises 4,682.31 ˢʰ˦ˡ˧ʳˠ˦
Total outstanding dues of creditors other than micro enterprises and small enterprises ˠ˟ʰ˧ˡˤʳ˦˟ ˨ʰ˟˧˦ʳ˥ˤ
Other current liabilities 11 ˤ˨ʰˠ˦ˤʳˤ˥ 15,149.98
Provisions 9 5,099.19 11,441.15
79,782.76 39,406.95
TOTAL 187,126.45 191,643.01
ASSETS
Non-current assets
Fixed assets
(i) Tangible assets 12 ˡˣʰ˟˦˨ʳˤˢ 25,143.90
(ii) Intangible assets 12 ˡ˦ʰˢ˧ˣʳˠˢ 31,888.59
(iii) Capital work-in-progress 523.11 536.36
(iv) Intangible assets under development 240.00 -
Non-current investments 13 ˡˣʰˢˠˡʳ˦˧ 24,454.88
Loans and advances 14 ˦˟ʰˠˡˢʳˤˠ ˥˟ʰˠˢˤʳˡ˦
Other assets 15 ˦˧ʳˠˢ 219.28
146,741.19 142,378.28
Current assets
Current investments 16 ˥ʰ˥ˡˣʳˡ˦ 16,450.00
Inventories ˠ˦ ˠ˦ʰ˨˟˥ʳ˟ˣ 18,101.82
Trade receivables 18 ˧ʰˢ˦˨ʳˡˢ 5,091.46
Cash and Bank balances 19 ˣʰ˨ˢ˦ʳˡ˨ 6,525.81
Loans and advances 14 2,149.18 ˡʰ˧˟ˣʳ˦ˢ
Other assets 15 389.25 290.91
40,385.26 49,264.73
TOTAL 187,126.45 191,643.01
ǢȖŎŎǋɴŸ¯ǣÞ¶ŘÞʩOŘǼOOŸȖŘǼÞŘ¶ƼŸĶÞOÞsǣ 3
ǻÌsOOŸŎƼŘɴÞŘ¶ŘŸǼsǣǋsŘÞŘǼs¶ǋĶƼǋǼŸ¯ǼÌsʩŘŘOÞĶǣǼǼsŎsŘǼǣʳ
As per our report of even date
For S R B C & CO LLP For and on behalf of the Board of Directors of

Chartered Accountants Jyothy Laboratories Limited
ICAI Firm Registration No. 324982E/ E300003
per Vikram Mehta M.P. Ramachandran K.Ullas Kamath

Partner Chairman and Managing Director ğŸÞŘǼōŘ¶ÞŘ¶^ÞǋsOǼŸǋŘ_NÌÞs¯®ÞŘŘOÞĶŷ¯ʩOsǋ
Membership No.: 105938 DIN: 00553406 DIN: 00506681
M.L. Bansal S.Raghunandan
Company Secretary ɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋŘ_NÌÞs¯rɮsOȖǼÞɚsŷ¯ʩOsǋ
ōsŎEsǋǣÌÞƼŗŸʳʲ®ˡˡ˨˦ DIN: 02263845
Place: Mumbai Place: Mumbai
Date: May 23, 2016 Date: May 23, 2016
STATEMENT OF PROFIT AND LOSS

for the year ended March 31, 2016
` In Lacs
Note 2015-16 2014-15
REVENUE
Sales (net of trade discount) ˠ˥ˢʰˡ˧˦ʳ˧˧ 148,113.63
Less: Excise duty (5,936.94) (5,286.81)
Net sales 29 (H) ˠˤ˦ʰˢˤ˟ʳ˨ˣ 142,826.82
Other operating income 20 ˠ˧˥ʳ˟˦ 955.13
Revenue from operations 157,537.01 143,781.95
Other income 21 952.02 ˥˦˟ʳˠ˥
Total Revenue ( I ) 158,489.03 144,452.11
EXPENSES
Cost of raw material and components consumed 22 48,640.52 45,635.68
Purchase of traded goods 29 (H) ˢ˟ʰ˦ˠˡʳˣ˟ ˢˠʰ˦˧˨ʳ˨˦
ʹÝŘOǋsǣsʺˀ_sOǋsǣsÞŘÞŘɚsŘǼŸǋÞsǣŸ¯ʩŘÞǣÌs_¶ŸŸ_ǣʰɠŸǋĨ˚ÞŘ˚ƼǋŸ¶ǋsǣǣŘ_Ǽǋ_s_¶ŸŸ_ǣ 23 ˠˠˤʳ˧˦ (1,361.56)
rŎƼĶŸɴssEsŘsʩǼǣsɮƼsŘǣs 24 ˠˣʰˠ˟˨ʳ˦˨ ˠˡʰ˦ˠˠʳ˟ˣ
Employee stock option expenses 24 ˠʰ˦ˤ˟ʳˡ˥ ˡʰ˧˦ˠʳˠˢ
ǢÌǋsŸ¯ʹƼǋŸʩǼʺˀĶŸǣǣ¯ǋŸŎÞŘɚsǣǼŎsŘǼÞŘƼǋǼŘsǋǣÌÞƼʩǋŎ ˦ʳˢ˟ ʹˡ˦ʳˠ˦ʺ
Other expenses 25 ˣ˟ʰˣˢˣʳ˟˦ 35,608.03
Total Expense ( II ) 135,770.21 127,227.12
EARNINGS BEFORE INTEREST, TAX, DEPRECIATION,
AMORTIZATION AND IMPAIRMENT (EBITDA) (I) – (II) 22,718.82 17,224.99
Depreciation, amortisation and impairment 12 ˥ʰ˦˨ˢʳ˨˨ ˦ʰ˟ˢ˦ʳ˟˦
Finance Costs 26 485.56 1,202.98
Interest Income ˡ˦ ˣʰ˦˟ˠʳ˧ˠ 5,915.82
PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX 20,141.08 14,900.76
Exceptional item 43 - 209.18
PROFIT BEFORE TAX 20,141.08 14,691.58
Current tax (MAT) 4,312.00 ˢʰ˟˦ˤʳ˟˟
Less MAT credit entitlement (2,860.00) ʹˢʰ˟˦ˤʳ˟˟ʺ
- Net current tax 1,452.00 -
- Deferred tax charge/ (credit) 2,453.12 -
- Excess tax provision/ MAT credit reversal of earlier years - 412.63
PROFIT AFTER TAX 16,235.96 14,278.95
EARNINGS PER SHARE (EPS)
Basic (`) 39 ˧ʳ˨˦ ˦ʳ˧˨
Diluted (`) 8.84 ˦ʳ˧ˢ
Nominal value per share (`) 1 1
ǢȖŎŎǋɴŸ¯ǣÞ¶ŘÞʩOŘǼOOŸȖŘǼÞŘ¶ƼŸĶÞOÞsǣ 3


Date: May 23, 2016 Date: May 23, 2016
STATEMENT OF CASH FLOWS

` In Lacs
2015-16 2014-15
A. CASH FLOWS PROVIDED BY/(USED IN) OPERATING ACTIVITIES:

ƻǋŸʩǼEs¯Ÿǋsǻɮ 20,141.08 14,691.58
_ĠȖǣǼŎsŘǼǣǼŸǋsOŸŘOÞĶsƼǋŸʩǼEs¯ŸǋsǼɮǼŸŘsǼOǣÌʪŸɠǣʲ
Depreciation, amortisation and impairment ˥ʰ˦˨ˢʳ˨˨ ˦ʰ˟ˢ˦ʳ˟˦
ĵŸǣǣŸŘʩɮs_ǣǣsǼǣ_ÞǣOǋ_s_ ˧˟ʳˤ˦ 91.42
ƻǋŸʩǼŸŘǣĶsŸ¯ƼĶŘǼʰƼǋŸƼsǋǼɴŘ_sǇȖÞƼŎsŘǼ ʹˣ˨ʳ˦ˣʺ ʹˠ˦ʳˠ˥ʺ
ƻǋŸʩǼŸŘǣĶsŸ¯ÞŘɚsǣǼŎsŘǼÞŘǣȖEǣÞ_Þǋɴ - (82.55)
ÝŘǼsǋsǣǼŘ_ʩŘŘOsOÌǋ¶sǣ 485.56 1,202.98
Interest Income ʹˣʰ˦˟ˠʳ˧ˠʺ (5,915.82)
ǢÌǋsŸ¯ʹƼǋŸʩǼʺˀĶŸǣǣ¯ǋŸŎÞŘɚsǣǼŎsŘǼÞŘƼǋǼŘsǋǣÌÞƼʩǋŎ ˦ʳˢ˟ ʹˡ˦ʳˠ˦ʺ
Liabilities no longer required written back (net) - ʹˢ˧˨ʳˠ˦ʺ
Differential tariff towards power and fuel expenses of earlier years - (400.31)
®ŸǋsÞ¶ŘsɮOÌŘ¶sʪȖOǼȖǼÞŸŘ¶ÞŘʹŘsǼʺ ˧˥ˢʳ˦ˣ (4.66)
ƻǋŸʩǼŸŘǣĶsŸ¯OȖǋǋsŘǼÞŘɚsǣǼŎsŘǼǣ (829.33) ʹˣ˦˥ʳ˨˧ʺ
Provision for doubtful advances ˦˟ʳ˟˟ -
Employee stock option expenses ˠʰ˦ˤ˟ʳˡ˥ ˡʰ˧˦ˠʳˠˢ
ŷƼsǋǼÞŘ¶ƼǋŸʩǼEs¯ŸǋsɠŸǋĨÞŘ¶OƼÞǼĶOÌŘ¶sǣ 24,611.62 18,580.36
Movements in working capital :
Increase/ (decrease) in trade payables 2,692.19 2,421.13
Increase / (decrease) in provisions 396.36 ˧˦ˡʳˠˠ
Increase/ (decrease) in other liabilities ˠʰˢ˦˦ʳ˧ˠ ʹ˦˥ˠʳ˨ˤʺ
Decrease / (increase) in trade receivables (4,151.51) ˣ˦˥ʳˡˣ
Decrease / (increase) in inventories ˠ˨ˤʳ˦˧ (1,982.62)
Decrease / (increase) in loans and advances ʹ˨˦ˡʳˤ˥ʺ ˠ˧˦ʳ˨ˠ
Decrease / (increase) in other current assets 46.95 66.14
Cash generated from operations 24,196.64 19,859.33
Taxes paid (net) (5,131.69) (4,102.12)
Net cash generated from operating activities ( A ) 19,064.95 15,757.21
B. CASH FLOWS PROVIDED BY/(USED IN) INVESTING ACTIVITIES:
ƻȖǋOÌǣsŸ¯ʩɮs_ǣǣsǼǣÞŘOĶȖ_ÞŘ¶OƼÞǼĶɠŸǋĨ˚ÞŘ˚ƼǋŸ¶ǋsǣǣŘ_OƼÞǼĶ_ɚŘOsǣ (2,459.40) (631.11)
ƻǋŸOss_ǣ¯ǋŸŎǣĶsŸ¯ʩɮs_ǣǣsǼǣ 195.32 145.98
ÝŘɚsǣǼŎsŘǼÞŘʩɮs__sƼŸǣÞǼʹÌɚÞŘ¶ŸǋÞ¶ÞŘĶŎǼȖǋÞǼɴŸ¯ŎŸǋsǼÌŘǼÌǋssŎŸŘǼÌǣʺ 1,032.24 (1,369.90)
Investment in shares of subsidiaries - (15,000.00)
ƻǋŸʩǼŸŘǣĶsŸ¯OȖǋǋsŘǼÞŘɚsǣǼŎsŘǼǣ 829.33 ˣ˦˥ʳ˨˧
Proceed from sale of investment in subsidiary - 82.55
ʹÝŘɚsǣǼŎsŘǼʺˀǊs¯ȖŘ_ÞŘƼǋǼŘsǋǣÌÞƼʩǋŎ (12.50) 43.00
Proceeds of loan given to subsidiary company 434.88 15,835.13
Interest Income received 368.46 ˢ˥˦ʳ˦ˤ
Net cash used in investing activities ( B ) 388.33 (49.62)
STATEMENT OF CASH FLOWS

` In Lacs
2015-16 2014-15
C. CASH FLOWS PROVIDED BY/(USED IN) FINANCING ACTIVITIES:

ÝŘǼsǋsǣǼŘ_ʩŘŘOsOÌǋ¶sǣƼÞ_ ʹ˧˥ˡʳ˦ˢʺ (1,202.98)
Allotment of equity shares under ESOP scheme ˟ʳ˨˦ -
Repayment of Long Term Borrowings (11,500.00) -
Repayment of deferred payment liability (180.00) -
Dividend paid ʹˠˣʰˣ˧ˤʳ˦ˢʺ ʹˢʰ˥ˡ˟ʳˣ˦ʺ
Dividend tax paid (2,948.95) (615.30)
ŗsǼOǣÌʹȖǣs_ÞŘʺˀ¶sŘsǋǼs_¯ǋŸŎʩŘŘOÞŘ¶OǼÞɚÞǼÞsǣʹNʺ (29,976.44) (5,438.74)
Net increase / (decrease) in cash and cash equivalents (A+B+C) (10,523.16) 10,268.84
Cash and cash equivalents at the beginning of the year 18,604.68 8,335.84
Cash and cash equivalents at the end of the year 8,081.52 18,604.68
Reconciliation of cash and cash equivalents
Cash in hand 13.03 16.31
Balance with scheduled banks - Current account 1,304.94 2,085.03
Unclaimed dividend accounts * 139.28 53.34
Cash and cash equivalents (Note 19) 1,457.25 2,154.68
Mutual fund Investments (Note 16) ˥ʰ˥ˡˣʳˡ˦ 16,450.00
NǣÌŘ_OǣÌsǇȖÞɚĶsŘǼǣOŸŘǣÞ_sǋs_¯ŸǋOǣÌʪŸɠǣǣǼǼsŎsŘǼ 8,081.52 18,604.68
* Not available for use by the management for any other purpose
ǢȖŎŎǋɴŸ¯ǣÞ¶ŘÞʩOŘǼOOŸȖŘǼÞŘ¶ƼŸĶÞOÞsǣŗŸǼsˢ


Date: May 23, 2016 Date: May 23, 2016
NOTES
ǼŸǼÌsʩŘŘOÞĶǣǼǼsŎsŘǼǣ¯ŸǋǼÌsɴsǋsŘ_s_ōǋOÌˢˠʰˡ˟ˠ˥
NOTE 1 - BACKGROUND Gains or losses arising from derecognition of tangible assets are
measured as the difference between the net disposal proceeds
Jyothy Laboratories Limited (‘the Company’) is a public company
and the carrying amount of the asset and are recognized in the
domiciled in India. Its shares are listed on two stock exchanges in India.
ǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣɠÌsŘǼÌsǣǣsǼÞǣ_sǋsOŸ¶ŘÞʊs_ʳ
The Company is principally engaged in manufacturing and marketing
of fabric whiteners, soaps, detergents, mosquito repellents, scrubber, ǻÌsOŸŎƼŘɴÞ_sŘǼÞʩsǣŘ__sǼsǋŎÞŘsǣOŸǣǼŸ¯ǣǣsǼǣÞ¶ŘÞʩOŘǼ
bodycare and incense sticks. to the total cost of the asset having useful life that is materially
different from that of the remaining life.
NOTE 2 - BASIS OF PREPARATION
c) Intangible assets
ǻÌs ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ Ÿ¯ ǼÌs NŸŎƼŘɴ Ìɚs EssŘ ƼǋsƼǋs_ ÞŘ
accordance with generally accepted accounting principles in India Intangible assets acquired separately are measured on initial
ʹÝŘ_ÞŘµƻʺʳǻÌsOŸŎƼŘɴÌǣƼǋsƼǋs_ǼÌsǣsʩŘŘOÞĶǣǼǼsŎsŘǼǣ recognition at cost. The cost of the intangible assets acquired in
to comply in all material respects with the accounting standards an amalgamation in the nature of purchase is their fair value as at
ŘŸǼÞʩs_ȖŘ_sǋǣsOǼÞŸŘˠˢˢŸ¯ǼÌsNŸŎƼŘÞsǣOǼˡ˟ˠˢʰǋs_ǼŸ¶sǼÌsǋ the date of amalgamation.
ɠÞǼÌ Ƽǋ¶ǋƼÌ ˦ Ÿ¯ ǼÌs NŸŎƼŘÞsǣ ʹOOŸȖŘǼǣʺ ǊȖĶsǣ ˡ˟ˠˣʳ ǻÌs
Following initial recognition, intangible assets are carried at cost
ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ Ìɚs EssŘ ƼǋsƼǋs_ ȖŘ_sǋ ǼÌs ÌÞǣǼŸǋÞOĶ OŸǣǼ
less accumulated amortization and accumulated impairment losses,
convention on an accrual basis except in case of assets which has been
if any. Intangible assets are amortized on a straight line basis over
recorded on fair value and assets for which provision for impairment
the estimated useful economic life. The Company uses a rebuttable
is made. The accounting policies have been consistently applied by
presumption that the useful life of an intangible asset will not exceed
the Company and are consistent with those used in the previous year.
ten years from the date when the asset is available for use.
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Gains or losses arising from derecognition of an intangible asset
ǻÌsǣÞ¶ŘÞʩOŘǼOOŸȖŘǼÞŘ¶ƼŸĶÞOÞsǣǋsǣ¯ŸĶĶŸɠǣʲ are measured as the difference between the net disposal proceeds
and the carrying amount of the asset and are recognized in the
a) Use of estimates
ǻÌsƼǋsƼǋǼÞŸŘŸ¯ʩŘŘOÞĶǣǼǼsŎsŘǼǣʰÞŘOŸŘ¯ŸǋŎÞǼɴɠÞǼÌÝŘ_ÞŘ
GAAP requires management to make judgments, estimates and d) Depreciation and amortisation
assumptions that affect the reported amounts of revenues , ^sƼǋsOÞǼÞŸŘŸŘʩɮs_ǣǣsǼǣÞǣOĶOȖĶǼs_ŸŘǢǼǋÞ¶ÌǼĵÞŘsEǣÞǣ

expenses ,assets, liabilities and disclosure of contingent liabilities using the rates arrived at based on useful lives estimated by the
at the end of the reporting period. Although these estimates are management. Intangible assets are amortised on straight line
based upon management’s best knowledge of current events basis on the estimated useful economic life.
and actions, uncertainty about these assumptions and estimates
could result in the outcomes requiring a material adjustment to The estimated useful life of the assets is as follows:
the carrying amounts of assets or liabilities in future periods.
Category Estimated useful
Eʺ ǻŘ¶ÞEĶsʩɮs_ǣǣsǼǣ life (in years)
Factory Buildings 10-30
Fixed assets are initially recorded at cost . Cost comprises the Building (Other than Factory Building) 30-60
purchase price and any directly attributable cost of bringing the Building (Fences and temporary structure) 3-6
asset to its working condition for its intended use. The cost of Plant and machinery 13-15
the tangible assets acquired in an amalgamation in the nature ®ȖǋŘÞǼȖǋsŘ_ʩɮǼȖǋsǣ 5-10
of purchase is their fair value as at the date of amalgamation. Dies and moulds 3
Following initial recognition, tangible assets are carried at cost Computers 3-6
less accumulated depreciation and impairment losses, if any. ŷ¯ʩOssǇȖÞƼŎsŘǼǣ 5
Vehicles 6-10
ǢȖEǣsǇȖsŘǼ sɮƼsŘ_ÞǼȖǋs ǋsĶǼs_ ǼŸ Ř ÞǼsŎ Ÿ¯ ʩɮs_ ǣǣsǼ Þǣ Know-how 3-5
__s_ ǼŸ ÞǼǣ EŸŸĨ ɚĶȖs ŸŘĶɴ Þ¯ ÞǼ ÞŘOǋsǣsǣ ǼÌs ¯ȖǼȖǋs EsŘsʩǼǣ Trademarks and Copyrights 9-10
from the existing asset beyond its previously assessed standard Brands 10
Ÿ¯ Ƽsǋ¯ŸǋŎŘOsʳ ĶĶ ŸǼÌsǋ sɮƼsŘǣsǣ ŸŘ sɮÞǣǼÞŘ¶ ʩɮs_ ǣǣsǼǣʰ Softwares and Licences 10
including day-to-day repair and maintenance expenditure and Goodwill purchased is not amortized but tested for impairment
OŸǣǼŸ¯ǋsƼĶOÞŘ¶ƼǋǼǣʰǋsOÌǋ¶s_ǼŸǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ every year. The goodwill arising on amalgamation is amortized to
loss for the period during which such expenses are incurred. ǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣŸɚsǋˠ˟ɴsǋǣʳ
NOTES
Assets costing less then ` 5,000 are depreciated at the rate of 100 determine the asset’s recoverable amount since the last
%. Leasehold land is amortized over the period of the lease on a impairment loss was recognized. The reversal is limited
straight-line basis which ranges between 60-90 years. so that the carrying amount of the asset does not exceed
its recoverable amount, nor exceed the carrying amount
The management has estimated, supported by independent
that would have been determined, net of depreciation, had
assessment by professionals, the useful lives of the following
no impairment loss been recognized for the asset in prior
classes of assets (which were taken over during the merger of
years.
erstwhile Jyothy Consumer Prodcuts Limited), which are lower
than those indicated in Schedule II. f) Borrowing Costs
Category Estimated useful Borrowing costs consist of interest and amortization of ancillary
life (in years) costs incurred in connection with the arrangement of borrowings.
Factory Buildings 10 Borrowing costs directly attributable to the acquisition,
Building (Other than Factory Building) 30 construction or production of an asset that necessarily takes a
Plant and machinery 13 substantial period of time to get ready for its intended use or sale
®ȖǋŘÞǼȖǋsŘ_ʩɮǼȖǋsǣ 5
are capitalized as part of the respective asset. All other borrowing
Vehicles 6
costs are expensed in the period they occur.
The amortization/ depreciation period and the amortization/
g) Operating Leases
_sƼǋsOÞǼÞŸŘŎsǼÌŸ_ǋsǋsɚÞsɠs_ǼĶsǣǼǼsOÌʩŘŘOÞĶɴsǋ
sŘ_ʳÝ¯ǼÌssɮƼsOǼs_Ȗǣs¯ȖĶĶÞ¯sŸ¯ǼÌsǣǣsǼÞǣǣÞ¶ŘÞʩOŘǼĶɴ_Þ¯¯sǋsŘǼ i. Where the Company is a lessee;
from previous estimates, the amortization/ depreciation period
Leases, where the lessor effectively retains substantially all
ÞǣOÌŘ¶s_OOŸǋ_ÞŘ¶ĶɴʳÝ¯ǼÌsǋsÌǣEssŘǣÞ¶ŘÞʩOŘǼOÌŘ¶sÞŘ
ǼÌsǋÞǣĨǣŘ_EsŘsʩǼǣŸ¯ŸɠŘsǋǣÌÞƼŸ¯ǼÌsĶsǣs_ÞǼsŎʰǋs
ǼÌs sɮƼsOǼs_ ƼǼǼsǋŘ Ÿ¯ sOŸŘŸŎÞO EsŘsʩǼǣ ¯ǋŸŎ ǼÌs ǣǣsǼʰ ǼÌs
OĶǣǣÞʩs_ǣŸƼsǋǼÞŘ¶ĶsǣsǣʳĵsǣsƼɴŎsŘǼǣŸŘŸƼsǋǼÞŘ¶
ŎŸǋǼÞʊǼÞŸŘˀ _sƼǋsOÞǼÞŸŘ ŎsǼÌŸ_ Þǣ OÌŘ¶s_ ǼŸ ǋsʪsOǼ ǼÌs
leases are recognized as an expense in the statement of
changed pattern. Such changes are accounted for in accordance
ƼǋŸʩǼŘ_ĶŸǣǣŸŘǣǼǋÞ¶ÌǼ˚ĶÞŘsEǣÞǣʰŸɚsǋǼÌsĶsǣsǼsǋŎʳ
with AS 5 ŗsǼƻǋŸʩǼŸǋĵŸǣǣ¯ŸǋǼÌsƻsǋÞŸ_ʰƻǋÞŸǋƻsǋÞŸ_ÝǼsŎǣŘ_
Changes in Accounting Policies. ii. Where the Company is a lessor;
e) Impairment Leases in which the Company does not transfer substantially

ĶĶ ǼÌs ǋÞǣĨǣ Ř_ EsŘsʩǼǣ Ÿ¯ ŸɠŘsǋǣÌÞƼ Ÿ¯ ǼÌs ǣǣsǼ ǋs
i. The Company assesses at each reporting date whether
OĶǣǣÞʩs_ ǣ ŸƼsǋǼÞŘ¶ Ķsǣsǣʳ ǣǣsǼǣ ǣȖEĠsOǼ ǼŸ ŸƼsǋǼÞŘ¶
there is an indication that an asset may be impaired. If any
Ķsǣsǣ ǋs ÞŘOĶȖ_s_ ÞŘ ʩɮs_ ǣǣsǼǣʳ ĵsǣs ÞŘOŸŎs ŸŘ Ř
indication exists, or when annual impairment testing for
ŸƼsǋǼÞŘ¶ Ķsǣs Þǣ ǋsOŸ¶ŘÞʊs_ ÞŘ ǼÌs ǣǼǼsŎsŘǼ Ÿ¯ ƼǋŸʩǼ
an asset is required, the Company estimates the asset’s
and loss on a straight-line basis over the lease term. Costs,
recoverable amount. An asset’s recoverable amount is the
including depreciation, are recognized as an expense in the
higher of an asset’s or cash-generating unit’s (CGU) net
ǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣʳ
selling price and its value in use. The recoverable amount
is determined for an individual asset, unless the asset does Initial direct costs such as legal costs, brokerage costs, etc.
ŘŸǼ ¶sŘsǋǼs OǣÌ ÞŘʪŸɠǣ ǼÌǼ ǋs Ķǋ¶sĶɴ ÞŘ_sƼsŘ_sŘǼ Ÿ¯ ǋs ǋsOŸ¶ŘÞʊs_ ÞŎŎs_ÞǼsĶɴ ÞŘ ǼÌs ǣǼǼsŎsŘǼ Ÿ¯ ƼǋŸʩǼ Ř_
those from other assets or groups of assets. An impairment loss.
loss is recognized wherever the carrying amount of an asset
h) Government grants and subsidies
exceed its recoverable amount. The recoverable amount is
the greater of the assets net selling price and value in use. Grants and subsidies from the government are recognized
ÝŘǣǣsǣǣÞŘ¶ɚĶȖsÞŘȖǣsʰǼÌssǣǼÞŎǼs_¯ȖǼȖǋsOǣÌʪŸɠǣǋs when there is reasonable assurance that the grant/ subsidy
discounted to their present value at the pre-tax discount rate. will be received and all attaching conditions will be complied
In determining net selling price , recent market transaction with. When the grant or subsidy relates to revenue item, it is
are taken into account, if available. If no such transaction can recognized as income over the periods necessary to match
EsÞ_sŘǼÞʩs_ʰŘƼƼǋŸƼǋÞǼsɚĶȖǼÞŸŘŎŸ_sĶÞǣȖǣs_ʳ them on a systematic basis to the costs, which it is intended
to compensate. Where the grant or subsidy relates to an asset,
ii. After impairment, depreciation is provided on the revised
its value is deducted from the gross value in arriving at the
carrying amount of the assets over its remaining useful life.
carrying amount of the related asset. Government grant in the
iii. A previously recognized impairment loss is reversed only nature of promoters’ contribution is credited to the investment
if there has been a change in the assumptions used to subsidy reserve.
NOTES
i) Investment EsǋsĶÞEĶɴŎsǣȖǋs_ʳǻÌs¯ŸĶĶŸɠÞŘ¶ǣƼsOÞʩOOǋÞǼsǋÞŎȖǣǼĶǣŸEs
met before revenue is recognised;
Investments that are readily realisable and intended to be held for
not more than one year from the date on which such investments Sale of Goods
ǋsŎ_sǋsOĶǣǣÞʩs_ǣOȖǋǋsŘǼÞŘɚsǣǼŎsŘǼǣʳĶĶŸǼÌsǋÞŘɚsǣǼŎsŘǼǣ
ǊsɚsŘȖsÞǣǋsOŸ¶ŘÞǣs_ɠÌsŘĶĶǼÌsǣÞ¶ŘÞʩOŘǼǋÞǣĨǣŘ_ǋsɠǋ_ǣ
ǋs OĶǣǣÞʩs_ ǣ ĶŸŘ¶˚ǼsǋŎ ÞŘɚsǣǼŎsŘǼǣʳ ŷŘ ÞŘÞǼÞĶ ǋsOŸ¶ŘÞǼÞŸŘʰ ĶĶ
of ownership of the goods have passed to the buyer, usually on
investments are measured at cost. The cost comprises purchase price
delivery of the goods. Excise Duty, Sales Tax and VAT deducted
and directly attributable acquisition charges such as brokerage, fees
from turnover (gross) is the amount that is included in the amount
and duties and other costs that arise on acquisition of investment.
of turnover (gross) and not the entire amount of liability arised
Current investments are carried at lower of cost and fair value during the year. The Company collects sales taxes and value
determined on an individual investment basis. added taxes (VAT) on behalf of the government and, therefore,
ǼÌsǣsǋsŘŸǼsOŸŘŸŎÞOEsŘsʩǼǣʪŸɠÞŘ¶ǼŸǼÌsNŸŎƼŘɴʳËsŘOsʰ
Long-term investments are carried at cost. However, provision for
they are excluded from revenue.
diminution in value is made to recognise a decline other than
temporary in the value of the investments. Revenue includes the amount of excise duty refund received /
due in accordance with incentive scheme. Revenue is net of trade
On disposal of investment, the difference between its carrying
discount given.
amount and net disposal proceeds is charged or credited to the
ǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣʳ Interest
An investment in land or building, which is not intended to Revenue is recognised on a time proportion basis taking into
be occupied substantially for use by, or in the operations of account the amount outstanding and at the applicable interest rate.
ǼÌs NŸŎƼŘɴ Þǣ OĶǣǣÞʩs_ ǣ ÞŘɚsǣǼŎsŘǼ ƼǋŸƼsǋǼɴʳ ÝŘɚsǣǼŎsŘǼ
l) Foreign currency translation
properties are stated at cost, net of accumulated depreciation
and impairment losses, if any. i. Initial Recognition
j) Inventories Foreign currency transactions are recorded in the reporting

currency, by applying to the foreign currency amount the
Inventories of raw materials, packing materials, work-in-progress, exchange rate between the reporting currency and the
ʩŘÞǣÌs_¶ŸŸ_ǣʰǣǼŸǋsǣŘ_OŸŘǣȖŎEĶsǣÞǼsŎǣǋsɚĶȖs_ǼOŸǣǼ foreign currency at the date of the transaction.
or net realizable value, whichever is lower. However, materials and
other items held for use in the production of inventories are not ii. Conversion
ɠǋÞǼǼsŘ_ŸɠŘEsĶŸɠOŸǣǼÞ¯ǼÌsʩŘÞǣÌs_ƼǋŸ_ȖOǼǣÞŘɠÌÞOÌǼÌsɴɠÞĶĶ Foreign currency monetary items are reported using the

be incorporated are expected to be sold at or above cost. exchange rate prevailing at the reporting date.
Cost is ascertained on First-in-First out (‘FIFO’) basis and includes Non-monetary items which are carried in terms of historical
all applicable costs incurred in bringing goods to their present cost denominated in a foreign currency are reported using
location and condition. Cost of work in progress, manufactured the exchange rate at the date of the transaction. Non-
ƼOĨÞŘ¶ ŎǼsǋÞĶ Ř_ ʩŘÞǣÌs_ ¶ŸŸ_ǣ ÞŘOĶȖ_sǣ ŎǼsǋÞĶǣ Ř_ ĶĶ monetary items, which are measured at fair value or other
applicable manufacturing overheads. The Company accrues for similar valuation denominated in a foreign currency, are
sɮOÞǣs _ȖǼɴ ĶÞEÞĶÞǼɴ ÞŘ ǋsǣƼsOǼ Ÿ¯ ŎŘȖ¯OǼȖǋs_ ʩŘÞǣÌs_ ¶ŸŸ_ǣˀ translated using the exchange rate at the date when such
intermediary inventories lying in the factory. value was determined.
Traded goods are valued at lower of cost and net realizable iii. Exchange Differences
value. Cost includes cost of purchase and other costs incurred in
Exchange differences arising on the settlement of monetary
bringing the inventories to their present location and condition.
items or on reporting Company’s monetary items at rates
Cost is determined on a FIFO basis.
different from those at which they were initially recorded
Net realisable value is the estimated selling price in the ordinary _ȖǋÞŘ¶ǼÌsɴsǋʰŸǋǋsƼŸǋǼs_ÞŘƼǋsɚÞŸȖǣʩŘŘOÞĶǣǼǼsŎsŘǼǣʰ
course of business, less estimated cost of completion and are recognised as income or as expenses in the year in which
estimated cost necessary to make the sale. they arise.
k) Revenue recognition Ŏʺ ǊsǼÞǋsŎsŘǼŘ_ŸǼÌsǋsŎƼĶŸɴssEsŘsʩǼǣ
Revenue is recognized to the extent that it is probable that the Þʳ ǊsǼÞǋsŎsŘǼEsŘsʩǼÞŘǼÌs¯ŸǋŎŸ¯ƼǋŸɚÞ_sŘǼ¯ȖŘ_Ř_ǣȖƼsǋ
sOŸŘŸŎÞOEsŘsʩǼǣɠÞĶĶʪŸɠǼŸǼÌsNŸŎƼŘɴŘ_ǼÌsǋsɚsŘȖsOŘ ŘŘȖǼÞŸŘ¯ȖŘ_Þǣ_sʩŘs_OŸŘǼǋÞEȖǼÞŸŘǣOÌsŎsʳ
NOTES
The company has no obligation, other than the contribution In the situations where the Company is entitled to a tax holiday
payable to the respective fund. The company recognizes under the Income-tax Act, 1961 enacted in India or tax laws
contribution payable to the provident fund/ super annuation prevailing in the respective tax jurisdictions where it operates,
scheme as an expenditure, when an employee renders the no deferred tax (asset or liability) is recognized in respect of
related service. timing differences which reverse during the tax holiday period,
to the extent the Company’s gross total income is subject to the
ÞÞʳ µǋǼȖÞǼɴEsŘsʩǼÞǣ_sʩŘs_EsŘsʩǼŸEĶÞ¶ǼÞŸŘŘ_ÞǣƼǋŸɚÞ_s_
deduction during the tax holiday period. Deferred tax in respect
for on the basis of an actuarial valuation on projected unit
of timing differences which reverse after the tax holiday period is
Oǋs_ÞǼŎsǼÌŸ_Ŏ_sǼǼÌssŘ_Ÿ¯sOÌʩŘŘOÞĶɴsǋʳ
recognized in the year in which the timing differences originate.
iii. Accumulated leave, which is expected to be utilized within However, the Company restricts recognition of deferred tax assets
the next 12 months, is treated as short-term employee to the extent that it has become reasonably certain or virtually
EsŘsʩǼʳ ǻÌs OŸŎƼŘɴ ŎsǣȖǋsǣ ǼÌs sɮƼsOǼs_ OŸǣǼ Ÿ¯ ǣȖOÌ OsǋǼÞŘʰǣǼÌsOǣsŎɴEsʰǼÌǼǣȖ¯ʩOÞsŘǼ¯ȖǼȖǋsǼɮEĶsÞŘOŸŎs
absences as the additional amount that it expects to pay as will be available against which such deferred tax assets can be
a result of the unused entitlement that has accumulated at realized. For recognition of deferred taxes, the timing differences
the reporting date. ɠÌÞOÌŸǋÞ¶ÞŘǼsʩǋǣǼǋsOŸŘǣÞ_sǋs_ǼŸǋsɚsǋǣsʩǋǣǼʳ
iv. The Company treats accumulated leave expected to be At each balance sheet date the Company re-assesses unrecognized
carried forward beyond twelve months, as long-term deferred tax assets. It recognises unrecognized deferred tax assets
sŎƼĶŸɴss EsŘsʩǼ ¯Ÿǋ ŎsǣȖǋsŎsŘǼ ƼȖǋƼŸǣsǣʳ ǢȖOÌ ĶŸŘ¶˚ to the extent that it has become reasonably certain or virtually
term compensated absences are provided for based on the OsǋǼÞŘʰǣǼÌsOǣsŎɴEsǼÌǼǣȖ¯ʩOÞsŘǼ¯ȖǼȖǋsǼɮEĶsÞŘOŸŎs
actuarial valuation using the projected unit credit method at will be available against which such deferred tax assets can be
the year-end. The Company presents the leave as a current realised.
liability in the balance sheet to the extent it does not have
The carrying amount of deferred tax assets are reviewed at each
an unconditional legal and contractual right to defer its
balance sheet date. The Company writes-down the carrying
settlement for 12 months after the reporting date.
amount of a deferred tax asset to the extent that it is no longer
v. Actuarial gains/ losses are immediately taken to the reasonably certain or virtually certain, as the case may be, that
ǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣŘ_ǋsŘŸǼ_s¯sǋǋs_ʳ ǣȖ¯ʩOÞsŘǼ ¯ȖǼȖǋs ǼɮEĶs ÞŘOŸŎs ɠÞĶĶ Es ɚÞĶEĶs ¶ÞŘǣǼ ɠÌÞOÌ
deferred tax asset can be realised. Any such write-down is
n) Sales promotion items
reversed to the extent that it becomes reasonably certain or
Sales promotion items are valued at cost. Cost is ascertained on ɚÞǋǼȖĶĶɴOsǋǼÞŘʰǣǼÌsOǣsŎɴEsʰǼÌǼǣȖ¯ʩOÞsŘǼ¯ȖǼȖǋsǼɮEĶs
First-in-First out (‘FIFO’) basis and includes all applicable costs income will be available.
incurred in bringing goods to their present location and condition.
Minimum alternative tax (MAT) paid in a year is charged to the
o) Income-tax ǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣǣOȖǋǋsŘǼǼɮʳ
Tax expense comprises of current and deferred tax. Current MAT credit is recognised as an asset only when and to the extent
income tax is measured at the amount expected to be paid to there is convincing evidence that the company will pay normal
the tax authorities in accordance with the Income Tax Act, 1961. ÞŘOŸŎs Ǽɮ _ȖǋÞŘ¶ ǼÌs ǣƼsOÞʩs_ ƼsǋÞŸ_ʳ ÝŘ ǼÌs ɴsǋ ÞŘ ɠÌÞOÌ
^s¯sǋǋs_ÞŘOŸŎsǼɮsǣǋsʪsOǼǣǼÌsÞŎƼOǼŸ¯OȖǋǋsŘǼɴsǋǼÞŎÞŘ¶ the MAT credit becomes eligible to be recognized as an asset
differences between taxable income and accounting income for in accordance with the Guidance Note on Accounting for credit
the year and reversal of timing differences of earlier years. Available in respect of Minimum Alternate Tax under the Income
Tax Act, 1961, the said asset is created by way of a credit to the
Deferred tax is measured based on the tax rates for deductible ǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣŘ_ǣÌŸɠŘǣōǻNǋs_ÞǼrŘǼÞǼĶsŎsŘǼʳ
timing differences and the tax laws enacted or substantively The Company reviews the MAT credit entitlement at each balance
enacted at the balance sheet date. Deferred tax assets are sheet date and writes down the carrying amount of MAT Credit
recognised only to the extent that there is reasonable certainty Entitlement to the extent there is no longer convincing evidence
ǼÌǼ ǣȖ¯ʩOÞsŘǼ ¯ȖǼȖǋs ǼɮEĶs ÞŘOŸŎs ɠÞĶĶ Es ɚÞĶEĶs ¶ÞŘǣǼ to the effect that Company will pay normal Income Tax during the
which such deferred tax assets can be realised. In situations where ǣƼsOÞʩs_ƼsǋÞŸ_ʳ
the Company has unabsorbed depreciation or carry forward tax
losses, all deferred tax assets are recognised only if there is virtual p) Provisions
certainty supported by convincing evidence that they can be A provision is recognised when the company has a present
ǋsĶÞǣs_¶ÞŘǣǼ¯ȖǼȖǋsǼɮEĶsƼǋŸʩǼǣʳ ŸEĶÞ¶ǼÞŸŘǣǋsǣȖĶǼŸ¯ƼǣǼsɚsŘǼʱÞǼÞǣƼǋŸEEĶsǼÌǼŘŸȖǼʪŸɠ
NOTES
of resources will be required to settle the obligation, in respect rights issue to existing shareholders, share split, and reverse share
of which a reliable estimate can be made. Provisions are not split that have changed the number of equity shares outstanding,
discounted to its present value and are determined based on best without a corresponding change in resources.
estimate required to settle the obligation at the reporting date.
For the purpose of calculating diluted earnings per share, the net
ǻÌsǣsǋsǋsɚÞsɠs_ǼsOÌǋsƼŸǋǼÞŘ¶_ǼsŘ__ĠȖǣǼs_ǼŸǋsʪsOǼ
ƼǋŸʩǼ Ÿǋ ĶŸǣǣ ¯Ÿǋ ǼÌs ƼsǋÞŸ_ ǼǼǋÞEȖǼEĶs ǼŸ sǇȖÞǼɴ ǣÌǋsÌŸĶ_sǋǣ
the current best estimates.
and the weighted average number of shares outstanding during
q) Excise duty the period are adjusted for the effects of all dilutive potential
equity shares.
Excise duty on turnover is reduced from turnover. Excise duty
relating to the difference between the opening stock and closing t) Contingent liabilities
stock is recognized as income/ expense as the case may be, A contingent liability is a possible obligation that arises from past
ǣsƼǋǼsĶɴÞŘǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣʳ sɚsŘǼǣ ɠÌŸǣs sɮÞǣǼsŘOs ɠÞĶĶ Es OŸŘʩǋŎs_ Eɴ ǼÌs ŸOOȖǋǋsŘOs Ÿǋ
non-occurrence of one or more uncertain future events beyond
r) Segment Reporting
the control of the company or a present obligation that is not
Ý_sŘǼÞʩOǼÞŸŘŸ¯ǣs¶ŎsŘǼǣʲ ǋsOŸ¶ŘÞʊs_EsOȖǣsÞǼÞǣŘŸǼƼǋŸEEĶsǼÌǼŘŸȖǼʪŸɠŸ¯ǋsǣŸȖǋOsǣ
will be required to settle the obligation. A contingent liability also
The Company’s operating businesses are organized and arises in extremely rare cases where there is a liability that cannot
managed separately according to the nature of products, with be recognized because it cannot be measured reliably. The
each segment representing a strategic business unit that offers Company does not recognize a contingent liability but discloses
different products and serves different markets. The analysis of ÞǼǣsɮÞǣǼsŘOsÞŘǼÌsʩŘŘOÞĶǣǼǼsŎsŘǼǣʳ
geographical segments is based on the areas in which major u) Cash and Cash equivalents
operating divisions of the Company operate.
NǣÌŘ_OǣÌsǇȖÞɚĶsŘǼǣ¯ŸǋǼÌsƼȖǋƼŸǣsŸ¯OǣÌʪŸɠǣǼǼsŎsŘǼ
Segment accounting policies : comprise cash at bank and in hand and short-term investments
with an original maturity of three months or less.
The Company prepares its segment information in conformity with
v) Measurement of EBITDA
the accounting policies adopted for preparing and presenting the
ʩŘŘOÞĶǣǼǼsŎsŘǼǣŸ¯ǼÌsOŸŎƼŘɴǣɠÌŸĶsʳ The Company has elected to present earnings before interest, tax,
depreciation and amortization (EBITDA) as a separate line item on
Intersegment transfer :
ǼÌs¯OsŸ¯ǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣʳÝŘÞǼǣŎsǣȖǋsŎsŘǼʰ
The Company generally accounts for inter segment sales and the company does not include depreciation and amortization
sɮƼsŘǣsʰʩŘŘOsOŸǣǼǣʰÞŘǼsǋsǣǼÞŘOŸŎsŘ_ǼɮsɮƼsŘǣsʳ
transfers as if the sales or transfer were to third parties at market
price. w) Employee stock compensation cost
Allocation of common costs: Employees in senior management of the company receive

remuneration in the form of share based payment transactions,
Common allocable costs are allocated to each segment according whereby employees render services as consideration for equity
to the relative contribution of each segment to the total common instruments (equity-settled transactions).
costs.
In accordance with the Securities and Exchange Board of India
Unallocated items: ʹǢÌǋs Dǣs_ rŎƼĶŸɴss DsŘsʩǼǣʺ Ǌs¶ȖĶǼÞŸŘǣʰ ˡ˟ˠˣ Ř_ ǼÌs
Guidance Note on Accounting for Employee Share-based
It includes general corporate income and expense items which Payments, the cost of equity-settled transactions is measured
are not allocated to any business segment. using the intrinsic value method. The cumulative expense
recognized for equity-settled transactions at each reporting
s) Earnings per Share
_Ǽs ȖŘǼÞĶ ǼÌs ɚsǣǼÞŘ¶ _Ǽs ǋsʪsOǼǣ ǼÌs sɮǼsŘǼ ǼŸ ɠÌÞOÌ ǼÌs
DǣÞOsǋŘÞŘ¶ǣƼsǋǣÌǋsǋsOĶOȖĶǼs_Eɴ_ÞɚÞ_ÞŘ¶ǼÌsŘsǼƼǋŸʩǼŸǋ vesting period has expired and the company’s best estimate of
the number of equity instruments that will ultimately vest. The
loss for the year attributable to equity shareholders by the weighted
sɮƼsŘǣsŸǋOǋs_ÞǼǋsOŸ¶ŘÞʊs_ÞŘǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣ
average number of equity shares outstanding during the year. The
for a period represents the movement in cumulative expense
weighted average number of equity shares outstanding during recognized as at the beginning and end of that period and is
the year are adjusted for event of bonus issue, bonus element in a ǋsOŸ¶ŘÞʊs_ÞŘsŎƼĶŸɴssEsŘsʩǼǣsɮƼsŘǣsʳ
Corporate Overview Performance Governance Financial Statements ˠˠ˦
NOTES
` In Lacs
As at As at
March 31, 2016 March 31, 2015
NOTE 4
SHARE CAPITAL
AUTHORISED CAPITAL
ˡʰˤ˦˟ʰ˟˟˟ʰ˟˟˟ʹˡ˟ˠˤ˚ˡʰˤ˦˟ʰ˟˟˟ʰ˟˟˟ʺsǇȖÞǼɴǣÌǋsǣŸ¯` 1 (2015 - ` 1) each ˡˤʰ˦˟˟ʳ˟˟ ˡˤʰ˦˟˟ʳ˟˟
25,700.00 25,700.00
ISSUED, SUBSCRIBED AND PAID UP CAPITAL
181,119,680 (2015 - 181,023,496) equity shares of ` 1 (2015 - ` 1) each fully paid 1,811.20 1,810.23
1,811.20 1,810.23
a. Reconciliation of the shares outstanding at the beginning and at the end of the reporting period
As at March 31, 2016 As at March 31, 2015

No. Amount No. Amount
At the beginning of the period 181,023,496 1,810.23 181,023,496 1,810.23
Issued during the year (ESOP) 96,184 ˟ʳ˨˦ - -
Outstanding at the end of the period 181,119,680 1,811.20 181,023,496 1,810.23
b. Details of shareholders holding more than 5% shares in the Company

No. % Holding No. % Holding
in the class in the class
Equity shares of ` 1 each fully paid
M. P. Ramachandran ˦ˡʰˠˠˡʰ˟˥˟ 39.81% ˦ˡʰˠˠˡʰ˟˥˟ 39.84%
Sahyadri Agencies Limited 15,000,000 8.28% 15,000,000 8.29%
As per records of the Company, including its register of shareholders/ members and other declarations received from shareholders regarding
EsŘsʩOÞĶÞŘǼsǋsǣǼʰǼÌsEŸɚsǣÌǋsÌŸĶ_ÞŘ¶ǋsƼǋsǣsŘǼǣEŸǼÌĶs¶ĶŘ_EsŘsʩOÞĶŸɠŘsǋǣÌÞƼǣŸ¯ǣÌǋsǣʳ
c. Terms/ rights attached to equity shares

The Company has only one class of equity shares having par value of 1 ` per share. Each holder of equity shares is entitled to one vote per
share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval
of the shareholders in the ensuing Annual General Meeting.
During the year ended March 31, 2016, the amount of per share dividend recognized as distributions to equity shareholders was ` 5 (2015
- ` 4) including interim dividend of ` 4 per equity share paid during the year.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after
distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
_ʳ ¶¶ǋs¶ǼsŘȖŎEsǋŸ¯EŸŘȖǣǣÌǋsǣÞǣǣȖs_ʰǣÌǋsǣÞǣǣȖs_¯ŸǋOŸŘǣÞ_sǋǼÞŸŘŸǼÌsǋǼÌŘOǣÌ_ȖǋÞŘ¶ǼÌsƼsǋÞŸ_Ÿ¯ʩɚsɴsǋǣÞŎŎs_ÞǼsĶɴ
preceding the reporting date:
As at As at
March 31, 2016 March 31, 2015
No. No.
Equity shares allotted as fully paid bonus shares by capitalization of securities premium ˡʰˢ˦˨ʰ˦ˣ˧ ˡʰˢ˦˨ʰ˦ˣ˧
(FY 2013 - 2014)
Equity shares issued for consideration other than cash, pursuant to scheme of amalgamation ˡʰˢ˦˨ʰ˦ˣ˧ ˡʰˢ˦˨ʰ˦ˣ˧
with erstwhile Jyothy Consumer Products Limited (JCPL) (FY 2013 - 2014)
4,759,496 4,759,496
ÝŘ __ÞǼÞŸŘ ǼÌs OŸŎƼŘɴ Ìǣ ÞǣǣȖs_ ˨˥ʰˠ˧ˣ ǣÌǋs ʹˡ˟ˠˤ ŗÞĶʺ _ȖǋÞŘ¶ ǼÌs ƼsǋÞŸ_ Ÿ¯ ʩɚs ɴsǋǣ ÞŎŎs_ÞǼsĶɴ ƼǋsOs_ÞŘ¶ ǼÌs ǋsƼŸǋǼÞŘ¶ _Ǽs ŸŘ
exercise of option granted under the employee stock option plan (ESOP) wherein part consideration was received in form of employee services.
e. Share reserve for issue under option
For details of shares reserved for issue under the employee stock option (ESOP) plan of the company, please refer note 36
NOTES
` In Lacs
As at As at
March 31, 2016 March 31, 2015
NOTE 5
RESERVES AND SURPLUS
ǢȖǋƼĶȖǣÞŘǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣʲ
Balance, beginning of the year ˡʰˠ˟˨ʳˠ˦ 2,228.39
ƻǋŸʩǼ¯ŸǋǼÌsɴsǋ 16,235.96 ˠˣʰˡ˦˧ʳ˨ˤ
18,345.13 16,507.34
Less: Appropriations
Proposed dividend (amount per share ` 1 (2015 - ` 4)) (1,811.20) ʹ˦ʰˡˣ˟ʳ˨ˣʺ
Tax on proposed dividend ʹˢ˥˧ʳ˦ˡʺ ʹˠʰˣ˦ˣʳ˟˧ʺ
Interim dividend (amount per share ` 4 (2015 - ` Nil)) ʹ˦ʰˡˣˣʳ˦˨ʺ -
Tax on Interim dividend ʹˠʰˣ˦ˣʳ˧˦ʺ -
Depreciation as per Schedule II of Companies Act, 2013* - (310.64)
Transfer to Debenture Redemption Reserve (4,560.01) ʹˤʰˢ˦ˡʳˤˠʺ
ŗsǼǣȖǋƼĶȖǣÞŘǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣ 2,885.54 2,109.17
Capital Reserve 5,505.27 5,505.27
Securities premium
Balance, beginning of the year 39,191.21 39,191.21
Add: Addition on ESOP’s exercised 180.54 -
Balance, end of the year 39,371.75 39,191.21
Debenture Redemption Reserve
__ʲŎŸȖŘǼǼǋŘǣ¯sǋǋs_¯ǋŸŎǣȖǋƼĶȖǣÞŘǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣ 4,560.01 ˤʰˢ˦ˡʳˤˠ
Less: Amount transferred to general reserves ʹˡʰ˧˦ˤʳ˟˟ʺ -
Investment subsidy 106.90 106.90
General reserves
Add: Amount transferred from debenture redemption reserves ˡʰ˧˦ˤʳ˟˟ -
Employee stock option outstanding
Balance, beginning of the year ˡʰ˧˦ˠʳˠˢ -
Add: Compensation on stock option granted during the year ˡʰˢ˨˦ʳ˧˦ ˡʰ˧˦ˠʳˠˢ
Less: Compensation on stock option cancelled during the year ʹ˥ˣ˦ʳ˥ˠʺ -
Less: Transfer to securities premium on exercise of stock options (180.54) -
4,440.85 2,871.13
101,446.78 94,360.14
* The Company had not recognised deferred tax assets on the same in the absence of virtual certainty supported by convincing evidence that they
OŘEsǋsĶÞʊs_¶ÞŘǣǼ¯ȖǼȖǋsǼɮEĶsƼǋŸʩǼǣʳ
NOTES
` In Lacs
NON CURRENT CURRENT

As at As at As at As at
March 31, 2016 March 31, 2015 March 31, 2016 March 31, 2015
NOTE 6
LONG-TERM BORROWINGS
Secured Redeemable Zero Coupon Non
Convertible Debentures
4,000 (2015 - 4,000) Debentures of ` 10,00,000 - 40,000.00 40,000.00 -
(2015 - ` 10,00,000) each
9.65% Secured Redeemable Non Convertible
Debentures
Nil (2015 - 650) Debentures of ` Nil (2015 - - - - 6,500.00
` 10,00,000) each
10.25% Secured Redeemable Non Convertible
Debentures
Nil (2015 - 500) Debentures of ` Nil (2015 - - - - 5,000.00
` 10,00,000) each
Deferred Payment Liability (Unsecured) - - 180.00 360.00
Amount disclosed under ‘Other Current - - (40,180.00) (11,860.00)
Liabilities’ (Note 11)
- 40,000.00 - -
Details of loan :
ʺ ^sEsŘǼȖǋsǣǋsǣsOȖǋs_EɴʩǋǣǼOÌǋ¶sŸŘĶĶʩɮs_ǣǣsǼǣŘ_ǣsĶsOǼDǋŘ_ǣʹōɮŸŘ_rɮŸʺʳ
b 4,000 Zero coupon non convertible redeemable debentures of ` 10,00,000 each is redeemable at premium of ` 368,022 per debenture after
3 years from the date of allotment i.e. November 14, 2013.
c) Deferred payment liabilities is repayable over a period of three years in equal installments.
As at As at
March 31, 2016 March 31, 2015
NOTE 7
DEFERRED TAX LIABILITY (Net)
a) Deferred tax liability
Depreciation ˣʰ˟ˣ˦ʳˤˡ 4,209.68
Gross Deferred tax liability (A) 4,047.52 4,209.68
b) Deferred tax assets
Technical royalty 1.19 1.58
Provision for gratuity 565.01 439.45
Provision for doubtful debts 113.44 113.44
Provision for doubtful advances ˤˡˢʳ˦˥ 503.03
Provision for leave encashment 255.65 ˡˣˡʳˣ˦
Provision for impairment losses 59.05 ˥˟ʳˡ˦
Other disallowances ˦˥ʳˢˠ ˢˡʳ˧˦
Carry forward losses and unabsorbed depreciation - ˡʰ˧ˠ˥ʳˤ˦
Gross Deferred tax assets (B) 1,594.41 4,209.68
Net Deferred Tax Liabilities (A-B) 2,453.11 -
As at As at
March 31, 2016 March 31, 2015
NOTE 8
OTHER LONG-TERM LIABILITIES
Premium payable on redemption of Debentures ˠˣʰ˦ˡ˟ʳ˟˨ ˠˣʰ˦ˡ˟ʳ˟˨
Creditors for capital goods - ˦ˤʳ˧ˠ
Amount disclosed under ‘Other Current Liabilities’ (Note 11) ʹˠˣʰ˦ˡ˟ʳ˟˨ʺ -
- 14,795.90
NOTES
` In Lacs
NON CURRENT CURRENT

NOTE 9
PROVISIONS
ƻǋŸɚÞǣÞŸŘ¯ŸǋsŎƼĶŸɴssEsŘsʩǼǣ
Provision for leave encashment - - ˦ˢ˧ʳ˦˟ ˦˟˟ʳ˥˟
Provision for gratuity (Note 28 ) 1,632.60 ˠʰˡ˥˨ʳ˦˨ - -
1,632.60 1,269.79 738.70 700.60
Other provisions
Provision for wealth tax - - ˣʳˠ˦ ˧ʳ˦ˢ
Provision for income tax (net of advance tax of - - 534.48 ˢ˦ˣʳ˧˧
` ˢʰ˦˦˦ʳˤˡʹˡ˟ˠˤ˚`ˡʰ˦˟˟ʳˠˡʺʺ
Provision for litigation* - - 1,641.92 1,641.92
Proposed dividend - - 1,811.20 ˦ʰˡˣ˟ʳ˨ˣ
Tax on proposed dividend - - ˢ˥˧ʳ˦ˡ ˠʰˣ˦ˣʳ˟˧
- - 4,360.49 10,740.55
1,632.60 1,269.79 5,099.19 11,441.15
*Provision for litigation relates to certain indirect tax cases pending at various levels.
As at As at
March 31, 2016 March 31, 2015
NOTE 10
TRADE PAYABLES
Total outstanding dues of micro enterprises and small enterprises (refer note 35 for details of 4,682.31 ˢʰ˦ˡ˧ʳˠ˦
dues to micro and small enterprises)
Total outstanding dues of creditors other than micro enterprises and small enterprises
Other trade payables 5,302.23 4,016.85
Accrual for expenses ˤʰˤˡˢʳˣ˦ ˤʰ˟˦˟ʳ˧˟
15,508.01 12,815.82
As at As at
March 31, 2016 March 31, 2015
NOTE 11
OTHER CURRENT LIABILITIES
Statutory dues 1,804.64 1,519.03
Unclaimed dividend * 139.28 53.34
Interest accrued but not due on loans - ˢ˦˦ʳˠ˥
Security deposits 29.68 32.08
Advances from customers 580.03 201.86
_ɚŘOsǣǼŸɠǋ_ǣʩɮs_ǣǣsǼǣˀÞŘɚsǣǼŎsŘǼƼǋŸƼsǋǼɴÌsĶ_¯ŸǋǣĶs 20.00 95.83
Creditors for capital goods ˦ˤʳ˧ˠ ˨˟ʳ˨˦
Current maturities of long term borrowings (Note 6) 40,180.00 11,860.00
Current maturities of Premium payable on redemption of Debentures (Note 8) ˠˣʰ˦ˡ˟ʳ˟˨ -
Accrual for sales promotion schemes 1,626.03 ˨ˠ˨ʳ˦ˠ
59,175.56 15,149.98
* There are no amounts payable / due to be credited to Investor Education and Protection Fund.
NOTES
` In Lacs
NOTE 12
TANGIBLE ASSETS
Gross Block Depreciation and Amortisation Impairment Net Block
Particulars As at Addition Deletions As at As at For the year Charge Deletions As at As at Charge/ Deletion As at As at As at
April 1, March April 1, adjusted to reserve for the March April 1, Reversal March March March
2015 31, 2016 2015 as per Schedule II year 31, 2016 2015 for the 31, 2016 31, 2016 31, 2015
of the Companies year
Act 2013*
Freehold land @ ˤʰ˥ˣ˧ʳ˥˦ - - ˤʰ˥ˣ˧ʳ˥˦ - - - - - - - - - ˤʰ˥ˣ˧ʳ˥˦ ˤʰ˥ˣ˧ʳ˥˦
5,615.34 33.33 - ˤʰ˥ˣ˧ʳ˥˦ - - - - - - - - -
Leasehold land ˡ˦ˣʳ˧ˢ - - ˡ˦ˣʳ˧ˢ ˢ˦ʳˤ˨ - ˢʳ˦ˤ - 41.34 - - - - 233.49 ˡˢ˦ʳˡˣ
ˡ˦ˣʳ˧ˢ - - ˡ˦ˣʳ˧ˢ 33.84 - ˢʳ˦ˤ - ˢ˦ʳˤ˨ - - - -
Building # @ 13,656.68 ˠ˨˥ʳ˟˦ 60.51 ˠˢʰ˦˨ˡʳˡˣ 3,325.26 - ˣ˦ˠʳ˦˨ 20.25 ˢʰ˦˦˥ʳ˧˟ - - - - 10,015.44 10,331.42
Corporate Overview
ˠˢʰˣ˦ˣʳ˦˦ 196.69 ˠˣʳ˦˧ 13,656.68 ˡʰ˧ˤ˦ʳ˨˨ - ˣ˦ˡʳ˥˨ 5.42 3,325.26 - - - -
Plant and machinery 13,960.18 1,028.28 690.69 ˠˣʰˡ˨˦ʳ˦˦ ˥ʰ˟˦˟ʳ˥ˢ - ˠʰˢ˨˧ʳˢ˦ 514.99 6,954.01 84.24 - 3.53 ˧˟ʳ˦ˠ ˦ʰˡ˥ˢʳ˟ˤ ˦ʰ˧˟ˤʳˢˠ
ˠˣʰˠˡ˥ʳˤ˦ ˦˟ˠʳ˨˨ 868.38 13,960.18 ˣʰ˧˥˦ʳ˨ˠ 89.22 1,486.12 ˢ˦ˡʳ˥ˡ ˥ʰ˟˦˟ʳ˥ˢ 392.92 - 308.68 84.24
Dies and moulds ˥˦ˠʳ˥˨ ˣ˦ʳ˨ˤ 61.99 ˥ˤ˦ʳ˥ˤ ˤ˟ˢʳ˦˟ - 92.09 ˤ˨ʳ˦˨ 536.00 - - - - 121.65 ˠ˥˦ʳ˨˨
Performance
˥˥˥ʳ˧˦ ˠ˦ˤʳ˧˥ ˠ˦ˠʳ˟ˣ ˥˦ˠʳ˥˨ 546.91 4.59 121.00 168.80 ˤ˟ˢʳ˦˟ - - - -
®ȖǋŘÞǼȖǋsŘ_ʩɮǼȖǋs ˦ˢˤʳˢ˥ ˢ˦ʳ˟ˢ ˢˢʳˡ˦ ˦ˢ˨ʳˠˡ ˣˡ˦ʳ˟ˤ - ˦˦ʳ˨ˢ ˢˠʳ˦˦ ˣ˦ˢʳˡˠ ˠʳ˟˦ - - ˠʳ˟˦ 264.84 ˢ˟˦ʳˡˣ
˦˧ˠʳˡ˧ 15.33 61.25 ˦ˢˤʳˢ˥ 349.00 24.10 114.12 ˥˟ʳˠ˦ ˣˡ˦ʳ˟ˤ ˠʳ˟˦ - - ˠʳ˟˦
ŷ¯ʩOssǇȖÞƼŎsŘǼǣ 993.06 83.59 108.00 968.65 ˦ˣˠʳˣ˥ - 108.48 ˠ˟˦ʳˤˢ ˦ˣˡʳˣˠ ˠˡʳ˦˥ - - ˠˡʳ˦˥ 213.48 238.84
901.00 152.63 ˥˟ʳˤ˦ 993.06 491.99 185.58 ˠˡˠʳ˦˦ ˤ˦ʳ˧˧ ˦ˣˠʳˣ˥ 14.09 - 1.33 ˠˡʳ˦˥
Governance
Vehicle ˧ˠ˦ʳˡ˟ 16.42 ˣ˧ʳ˦˥ ˦˧ˣʳ˧˥ 409.10 - 95.15 39.21 465.04 0.91 - - 0.91 318.91 ˣ˟˦ʳˠ˨
˥˦˨ʳˡˣ ˡˢˡʳ˦˥ 94.80 ˧ˠ˦ʳˡ˟ ˢ˦˟ʳ˟ˡ ˦ʳˠˤ ˠ˟˦ʳ˥ˠ ˦ˤʳ˥˧ 409.10 0.91 - - 0.91
Total tangible assets 36,757.67 1,409.34 1,003.22 37,163.79 11,514.79 - 2,247.56 773.54 12,988.81 98.98 - 3.53 95.45 24,079.53 25,143.90
36,519.90 1,508.59 ˠʰˡ˦˟ʳ˧ˡ ˢ˥ʰ˦ˤ˦ʳ˥˦ ˨ʰˤˠ˦ʳ˥˥ 310.64 ˡʰˣˡ˦ʳ˟˥ ˦ˣ˟ʳˤ˦ ˠˠʰˤˠˣʳ˦˨ 408.99 - 310.01 98.98
# Includes ` 452.19 (2015 - ` 452.19) represented by unquoted fully paid shares at cost in various co-operative societies. Further, also refer Note 32.
ˎr¯¯sOǼÞɚsƼǋÞĶˠʰˡ˟ˠˣʰǼÌsNŸŎƼŘɴÌ_ǋsɚÞǣs_ǼÌsȖǣs¯ȖĶĶÞ¯sŸ¯OsǋǼÞŘʩɮs_ǣǣsǼǣEǣs_ŸŘǢOÌs_ȖĶsÝÝǼŸǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢ¯ŸǋǼÌsƼȖǋƼŸǣsǣŸ¯ƼǋŸɚÞ_ÞŘ¶_sƼǋsOÞǼÞŸŘŸŘʩɮs_ǣǣsǼǣʳ
OOŸǋ_ÞŘ¶ĶɴʰǼÌsOǋǋɴÞŘ¶ŎŸȖŘǼŸ¯ǼÌsǣǣsǼǣǣŸŘƼǋÞĶˠʰˡ˟ˠˣɠǣ_sƼǋsOÞǼs_ŸɚsǋǼÌsǋsŎÞŘÞŘ¶ǋsɚÞǣs_Ȗǣs¯ȖĶĶÞ¯sŸ¯ǼÌsʩɮs_ǣǣsǼǣʳ®ȖǋǼÌsǋʰŘŎŸȖŘǼŸ¯` Nil (2015 - ` 310.64) (Net of tax
Financial Statements
` Nil) representing the carrying amount of the assets with revised useful life as Nil was charged to the opening reserves as on April 1, 2014.
@ Freehold land and building includes asset which are not transferred in the name of the company amounting to `ˣʰ˨˦ˣʹµǋŸǣǣEĶŸOĨʺʹˡ˟ˠˤ˚`ˣʰ˨˦ˣʺʳǻÌsǣsǋsÌsĶ_ÞŘǼÌsŘŎsŸ¯ǼÌssŘǼÞǼÞsǣɠÌÞOÌ
have been merged with the company in earlier years.
121
Figures in italics are in respect of the previous year.

NOTES
122
` In Lacs
NOTE 12
INTANGIBLE ASSETS
Particulars As at Addition Deletions As at March As at Charge Deletions As at March As at Charge/ Deletion As at March As at March As at
April 1, 31, 2016 April 1, for the 31, 2016 April 1, Reversal 31, 2016 31, 2016 March
2015 2015 year 2015 for the 31, 2015
year
Jyothy Laboratories Limited
Goodwill on Amalgamation 14,339.41 - - 14,339.41 4,301.82 1,433.94 - ˤʰ˦ˢˤʳ˦˥ - - - - 8,603.65 ˠ˟ʰ˟ˢ˦ʳˤ˨
14,339.41 - - 14,339.41 ˡʰ˧˥˦ʳ˧˧ 1,433.94 - 4,301.82 - - - -
Goodwill 301.60 - - 301.60 - - - - 51.50 - - 51.50 250.10 250.10
301.60 - - 301.60 - - - - 51.50 - - 51.50
Brands 30,366.00 - - 30,366.00 9,109.80 3,036.60 - 12,146.40 - - - - 18,219.60 21,256.20
30,366.00 - - 30,366.00 ˥ʰ˟˦ˢʳˡ˟ 3,036.60 - 9,109.80 - - - -
Trademarks and Copyrights$ 580.81 - - 580.81 ˣ˦ˠʳ˥ˤ 41.14 - ˤˠˡʳ˦˨ 23.68 - - 23.68 44.34 85.48
580.81 - - 580.81 430.23 41.42 - ˣ˦ˠʳ˥ˤ 23.68 - - 23.68
Know-how ˥ˣ˦ʳˠˡ - - ˥ˣ˦ʳˠˡ ˥ˣ˦ʳˠˡ - - ˥ˣ˦ʳˠˡ - - - - - -
˥ˣ˦ʳˠˡ - - ˥ˣ˦ʳˠˡ ˤ˦ˤʳˣˤ ˦ˠʳ˥˦ - ˥ˣ˦ʳˠˡ - - - -
Softwares and Licences ˢˡˤʳ˦˦ ˣˠʳ˨˦ - ˢ˥˦ʳ˦ˣ 66.55 ˢˣʳ˦ˤ - 101.30 - - - - 266.44 259.22
228.20 ˨˦ʳˤ˦ - ˢˡˤʳ˦˦ ˣ˟ʳˠ˦ 26.38 - 66.55 - - - -
Total intangible assets 46,560.71 41.97 - 46,602.68 14,596.94 4,546.43 - 19,143.37 75.18 - - 75.18 27,384.13 31,888.59
46,463.14 ˨˦ʳˤ˦ - ˣ˥ʰˤ˥˟ʳ˦ˠ 9,986.93 4,610.01 - 14,596.94 ˦ˤʳˠ˧ - - ˦ˤʳˠ˧
$ Includes trademarks and copyrights of ` 315.63 (2015 - ` 315.63) pending for registration in the name of the Company.
Figures in italics are in respect of the previous year

NOTES
` In Lacs
As at As at
March 31, 2016 March 31, 2015
NOTE 13
NON CURRENT INVESTMENTS ( at cost)
Investment property ( Freehold land) # - ˠˣ˦ʳˢ˟
Trade Investments (Unquoted)
Investment in subsidiaries -
Jyothy Consumer Products Marketing Ltd $
ˣʰ˨˦˟ʰ˟˟˟ʹˡ˟ˠˤ˚ˣʰ˨˦˟ʰ˟˟˟ʺsǇȖÞǼɴǣÌǋsǣŸ¯` 10 (2015 - ` 10) each fully paid up ˣ˨˦ʳ˟˟ ˣ˨˦ʳ˟˟
Jyothy Fabricare Services Limited
9,800,000 (2015 - 9,800,000) equity shares of ` 10 (2015 - ` 10) each fully paid up ˠʰˢˣˢʳ˦ˢ ˠʰˢˣˢʳ˦ˢ
3,300,000 (2015 - 3,300,000) compulsory convertible preference shares of ` 100 (2015 - ` 100)
6,804.24 6,804.24
each fully paid up
˦ʰˤ˟˟ʰ˟˟˟ʹˡ˟ˠˤ˚ŗÞĶʺˡ̇ŸƼǼÞŸŘĶĶɴOŸŘɚsǋǼÞEĶsƼǋs¯sǋsŘOsǣÌǋsŸ¯` 10 (2015 - ` Nil) each fully paid up 15,000.00 15,000.00
Jyothy Kallol Bangladesh Limited
˧ʰˣ˧ˤʰˣˢˠʹˡ˟ˠˤ˚˦ʰˣ˨ˣʰ˥˨˥ʺsǇȖÞǼɴǣÌǋsǣŸ¯D^ǻˠ˟ʹˡ˟ˠˤ˚D^ǻˠ˟ʺsOÌ¯ȖĶĶɴƼÞ_ȖƼ ˤ˧˟ʳˣ˦ 501.65
Investment in others -
Henkel SPIC Employees Co-operative Thrift and Credit Society Limited 2.00 2.00
2,000 (2015 - 2,000) equity shares of ` 100 (2015 - ` 100) each fully paid up
Capexil (Agencies) Ltd*
5 (2015 - 5) equity shares of ` 10,000 (2015 - ` 10,000) each fully paid up - -
Madras Industrial Cooperative Analytical Laboratory Limited*
2 (2015 - 2) equity shares of ` 500 (2015 - ` 500) each fully paid up - -
Ambattur Industrial Estate Manufacturers Service Industrial Cooperative Society Ltd*
1 (2015 - 1) equity shares of ` 100 (2015 - ` 100) each fully paid up - -
24,227.44 24,148.62
Investments in Partnership Firm
M/s JFSL - JLL (Note 38) ˧ˣʳ˦ˤ ˦˨ʳˤˤ
Non-Trade Investment (Unquoted)
Investment in Government Securities
Indira Vikas Patra 0.02 0.02
ŗǼÞŸŘĶǢɚÞŘ¶NsǋǼÞʩOǼsǣʹƻĶs_¶s_ɠÞǼÌµŸɚsǋŘŎsŘǼȖǼÌŸǋÞǼÞsǣʺ ˟ʳˤ˦ ˟ʳˤ˦
0.59 0.59
Share application money pending allotment - ˦˧ʳ˧ˡ
24,312.78 24,454.88
Aggregate amount of unquoted investments ˡˣʰˢˠˡʳ˦˧ 24,454.88
Aggregate amount of quoted investments - -
Market Value of quoted investments - -
# Since this is a freehold land, no depreciation is charged on the same.

* Investment has been fair valued on amalgamation with Jyothy Consumer Products Limited at a nominal value of ` 1/-
$ Previous Year includes investment in Associated Industries Consumer Products Private Limited which has been merged with Jyothy Consumer
Products Marketing Limited w.e.f. April 1, 2014.
NOTES
` In Lacs
NON CURRENT CURRENT

NOTE 14
LOANS AND ADVANCES
Unsecured, considered good unless
otherwise stated
Capital Advances ˦˦ˡʳ˥˧ 82.31 - -
_ɚŘOsǣŘ_ĶŸŘǣǼŸǣȖEǣÞ_ÞǋÞsǣʹŗŸǼsˢ˦ʺ ˣ˦ʰˡˤ˟ʳˢˠ 43,349.83 - -
Advance to suppliers * 58.45 58.45 ˠʰˤˢˤʳ˦ˤ 1,454.92
Balance with excise and VAT authorities * - - 1,326.88 1,919.20
MAT Credit entitlement 9,194.39 6,334.39 - -
Deposits* 1,648.01 ˤ˦ˣʳˢˤ - -
Balance with government authorities* (Note 40) ˦ʰ˦ˠˡʳˠˣ ˦ʰˠˠˡʳˢ˟ - -
Prepaid Expenses - - 140.94 ˠ˦ˡʳ˥˥
Advance income tax (net of provisions of 2,895.52 1,916.24 - -
` 9,952.90 (2015 - `˥ʰ˧˦˦ʳ˨˟ʺʺ
Other receivables * 838.50 964.00 412.52 454.86
Less: Provisions for doubtful advances (246.49) (256.60) (1,266.91) (1,196.91)
70,123.51 60,135.27 2,149.18 2,804.73
Note:
* Advances to suppliers, Balance with excise and VAT authorities, Balance with government authorities, Deposits and Other receivables include
`ˣˡˡʳ˦˨ʹˡ˟ˠˤ˚`ˢˤˡʳ˦˨ʺʰ` 881.50 (2015 - ` 881.50) , `ˠ˥˦ʳ˟˟ʹˡ˟ˠˤ˚`ˠ˥˦ʳ˟˟ʺʰ` 21.04 (2015 - ` 31.15) and ` ˡˠʳ˟˦ʹˡ˟ˠˤ˚`ˡˠʳ˟˦ʺǋsǣƼsOǼÞɚsĶɴʰ
considered doubtful and fully provided for.
NON CURRENT CURRENT

NOTE 15
OTHER ASSETS
Unsecured, considered good
Inventory-Sales Promotions Items - - 241.95 288.90
Interest accrued but not due - - - 2.01
Investment property (Freehold land) held for - - ˠˣ˦ʳˢ˟ -
sale
Fixed deposit with Banks having original ˦˧ʳˠˢ 219.28 - -
maturity of more than 12 months ( Note 19)
78.13 219.28 389.25 290.91
NOTES
` In Lacs
As at As at
March 31, 2016 March 31, 2015
NOTE 16
CURRENT INVESTMENT ( Quoated -Cost or Fair value whichever is lower)
Axis Banking Debt Fund - Growth
ŗÞĶʹˡ˟ˠˤ˚ˠˢˢʰ˧ˤ˨ʳ˨˦ʺȖŘÞǼǣŸ¯` Nil (2015 - ` 1,000) each - ˠʰ˦˟˟ʳ˟˟
Axis Liquid Fund - Growth
ˠ˨˟ʰ˧˧ˤʳ˥˦ʹˡ˟ˠˤ˚ŗÞĶʺȖŘÞǼǣŸ¯` 1,000 (2015 - ` Nil) each 3,200.00 -
Axis Short Term Fund
Nil (2015 - 3,298,544.68) units of ` Nil (2015 - ` 10) each - 500.00
Axis Treasury Advantage Fund - Growth
ŗÞĶʹˡ˟ˠˤ˚ˡ˥ˤʰ˟ˠ˧ʳ˦ˠʺȖŘÞǼǣŸ¯` Nil (2015 - ` 1,000) each - 4,050.00
HDFC Gilt Fund Long Term Plan -Direct Plan - Growth
ŗÞĶʹˡ˟ˠˤ˚ˤʰ˥˦ˡʰˣˢ˧ʳˤˣʺȖŘÞǼǣŸ¯` Nil (2015 - ` 10) each - 1,600.00
HDFC High Interest Fund - Dynamic Plan
Nil (2015 - 815,281.64) units of ` Nil (2015 - ` 10) each - 400.00
ICICI Prudential Stp - Growth
ŗÞĶʹˡ˟ˠˤ˚ˠʰ˦˧ˤʰ˨ˠˡʳ˟ˠʺȖŘÞǼǣŸ¯` Nil (2015 - ` 10) each - 500.00
ICICI Prudential Ultra Short Term Plan - Dir - Gr
ŗÞĶʹˡ˟ˠˤ˚ˠˠʰˣ˦ˤʰ˨˥ˠʳˣˤʺȖŘÞǼǣŸ¯` Nil (2015 - ` 10) each - 1,600.00
Indiabulls Ultra Short Term Fund
˦˦ʰˠ˦˨ʳ˥˟ʹˡ˟ˠˤ˚ˠˠˤʰˤˤ˥ʳˣ˧ʺȖŘÞǼǣŸ¯` 1,000 (2015 - ` 1,000) each 1,100.00 1,550.00
Reliance Short Term Fund
Nil (2015 - 5,143,139.64) units of ` Nil (2015 - ` 10) each - 1,350.00
Religare Invesco Short Term Fund
ŗÞĶʹˡ˟ˠˤ˚ˤˢʰˠˣ˨ʳ˦ˡʺȖŘÞǼǣŸ¯` Nil (2015 - ` 1,000) each - 1,000.00
Religare Invesco Ultra Short Term Fund - Direct Pl
Nil (2015 - 51,584.63) units of ` Nil (2015 - ` 1,000) each - 1,000.00
Taurus Short Term Income Fund
Nil (2015 - 20,401.56) units of ` Nil (2015 - ` 1,000) each - 500.00
Taurus Ultra Short Term Bond Fund Super Institution
16,293.49 (2015 - 41,593.42) units of ` 1,000 (2015 - ` 1,000) each 300.00 ˦˟˟ʳ˟˟
Taurus Dynamic Income Fund - Growth Option
68,32,489.20(2015 - Nil) units of ` 10 (2015 - ` Nil) each 1,001.49 -
Kotak Low Duration Fund
58,351.96 (2015 - Nil) units of ` 1,000 (2015 - ` Nil) each ˠʰ˟ˡˡʳ˦˧ -
6,624.27 16,450.00
Aggregate amount of quoted investments ˥ʰ˥ˡˣʳˡ˦ 16,450.00
Market Value of quoted investments ˥ʰ˦ˤˣʳ˦˨ ˠ˥ʰ˦˟˟ʳˢˡ
As at As at
March 31, 2016 March 31, 2015
NOTE 17
INVENTORIES (Valued at lower of cost or net realisable value)
Raw and packing materials ( including goods in transit ` 2.19 ( 2015 - ` Nil )) ˣʰ˦˨˦ʳˠ˧ ˣʰ˨˥˟ʳˠ˦
Work in progress (Note 29 (I)) ˠʰˤˣ˥ʳ˟˦ ˠʰˢ˥˨ʳ˟˦
Finished goods manufactured (Note 29 (H)) 8,049.32 ˦ʰˢˡ˟ʳ˟˥
Traded Goods (including goods in transit ` 253.66 ( 2015 - ` 322.89)) (Note 29 (H)) 3,112.64 ˣʰˠ˟˥ʳ˦ˣ
Stores and spare parts 400.83 ˢˣˤʳ˦˧
17,906.04 18,101.82
NOTES
` In Lacs
As at As at
March 31, 2016 March 31, 2015
NOTE 18
TRADE RECEIVABLES
Unsecured
a) Outstanding for a period exceeding six months from the date they are due for payment
Considered good ˦˟˥ʳ˧ˤ ˦˥ˠʳ˧ˣ
Considered doubtful ˢˡ˦ʳ˦˧ ˢˡ˦ʳ˦˧
Less: Provision for doubtful receivables ʹˢˡ˦ʳ˦˧ʺ ʹˢˡ˦ʳ˦˧ʺ
706.85 761.84
b) Other receivable, considered good ˦ʰ˥˦ˡʳˢ˧ 4,329.62
8,379.23 5,091.46
Refer Note 31 for dues receivable from related parties
NON CURRENT CURRENT

NOTE 19
CASH AND BANK BALANCES
Cash and cash equivalents
Cash in hand - - 13.03 16.31
Balance with banks - Current account - - 1,304.94 2,085.03
Unclaimed dividend accounts - - 139.28 53.34
- - 1,457.25 2,154.68
Other bank balances
Deposits with original maturity for more than ˦˧ʳˠˢ 219.28 3,480.04 ˣʰˢ˦ˠʳˠˢ
12 months*
Amount disclosed under ‘other assets’ (Note 15) ʹ˦˧ʳˠˢʺ (219.28) - -
- - 3,480.04 4,371.13
- - 4,937.29 6,525.81
* Includes deposits provided as securities against bank guarantees and debenture redemption reserves - ` 2,442.18 (2015 - `ˡʰˡˠˤʳ˦ˠʺ
2015-16 2014-15
NOTE 20
OTHER OPERATING INCOME
Export incentives 22.10 25.92
Royalty income 2.68 4.35
Sales of scrap 35.04 13.30
Agricultural income 6.05 4.28
Liabilities no longer required written back (net) - ˢ˧˨ʳˠ˦
Differential tariff towards power and fuel expenses of earlier years - 400.31
Others 120.20 ˠˠ˦ʳ˧˟
186.07 955.13
Corporate Overview Performance Governance Financial Statements ˠˡ˦
NOTES
` In Lacs
2015-16 2014-15
NOTE 21
OTHER INCOME
Lease rent income 66.30 ˦ˤʳ˧ˣ
®ŸǋsÞ¶ŘsɮOÌŘ¶sʪȖOǼȖǼÞŸŘ¶ÞŘʹŘsǼʺ - 4.66
ƻǋŸʩǼŸŘǣĶsŸ¯OȖǋǋsŘǼÞŘɚsǣǼŎsŘǼǣ 829.33 ˣ˦˥ʳ˨˧
ƻǋŸʩǼŸŘǣĶsŸ¯ÞŘɚsǣǼŎsŘǼÞŘǣȖEǣÞ_Þǋɴ - 82.55
ƻǋŸʩǼŸŘǣĶsŸ¯ʩɮs_ǣǣsǼǣ ˣ˨ʳ˦ˣ ˠ˦ʳˠ˥
Miscellaneous income 6.65 ˠˡʳ˨˦
952.02 670.16
2015-16 2014-15
NOTE 22
COST OF RAW MATERIALS AND COMPONENTS CONSUMED
Opening stock ˣʰ˨˥˟ʳˠ˦ 4,196.23
Add: Cost of purchases ˣ˧ʰˣ˦˦ʳˤˢ 46,399.62
53,437.70 50,595.85
Less: Closing stock ˣʰ˦˨˦ʳˠ˧ ˣʰ˨˥˟ʳˠ˦
48,640.52 45,635.68
For details of raw material consumed, refer Note 29 (F)
2015-16 2014-15
NOTE 23
(INCREASE)/ DECREASE IN INVENTORIES OF FINISHED GOODS,WORK IN PROGRESS AND
TRADED GOODS
Closing stock
Finished goods 8,049.32 ˦ʰˢˡ˟ʳ˟˥
Traded Goods 3,112.64 ˣʰˠ˟˥ʳ˦ˣ
Work in progress ˠʰˤˣ˥ʳ˟˦ ˠʰˢ˥˨ʳ˟˦
12,708.03 12,795.87
Opening stock
Finished goods ˦ʰˢˡ˟ʳ˟˥ 6,098.90
Traded Goods ˣʰˠ˟˥ʳ˦ˣ 4,019.24
Work in progress ˠʰˢ˥˨ʳ˟˦ 1,405.00
12,795.87 11,523.14
Sub-total (A) 87.84 (1,272.73)
(Increase)/ decrease in excise duty
Excise duty on closing stock ˠ˦ˣʳ˨˟ ˠˣ˥ʳ˧˦
Excise duty on opening stock ˠˣ˥ʳ˧˦ ˡˢˤʳ˦˟
Sub-total (B) (28.03) 88.83
Total (A-B) 115.87 (1,361.56)
2015-16 2014-15
NOTE 24
EMPLOYEE BENEFITS EXPENSES
Salaries, wages and bonus ˠ˟ʰˢ˧˦ʳˡ˨ 9,392.61
Contribution to provident and other funds (Note 28) ˦ˤˢʳˢ˧ 634.52
Gratuity (Note 28) ˢ˦˟ʳ˧˟ ˣˠ˦ʳ˨˦
Staff welfare expenses 620.58 658.69
Directors’ remuneration ˧˟˦ʳˡ˟ 801.94
Commission to directors ˦˨˨ʳ˨˦ 594.10
Field staff incentives ˢ˦˟ʳˤ˦ 211.21
Sub-total (A) 14,109.79 12,711.04
Employee stock option expenses (Note 36) ˠʰ˦ˤ˟ʳˡ˥ ˡʰ˧˦ˠʳˠˢ
Sub-total (B) 1,750.26 2,871.13
Total (A+B) 15,860.05 15,582.17
NOTES
` In Lacs
2015-16 2014-15
NOTE 25
OTHER EXPENSES
Power and fuel expenses ˠʰ˧˦˨ʳˠˤ 2,105.92
Rent 1,266.10 1,160.19
Insurance 101.19 ˥˦ʳˠ˨
Repairs and maintenance
- Building ˤ˦ʳˣˢ ˦˧ʳ˥ˡ
- Plant and machinery ˠ˦˦ʳ˥˨ ˡˢˡʳ˦ˣ
- Others 256.02 210.30
Consumption of stores and spares ˦ˢˢʳˠˤ 626.31
Research and development 150.35 52.50
Excise duty on captive consumption ˦˟˥ʳˡˠ 613.91
Printing and stationery ˧ˡʳ˧˦ ˤ˦ʳ˧ˤ
Communication costs 296.02 255.12
Legal and professional fees (Note 29 (E)) ˠʰˠˣ˦ʳ˧˟ 1,069.30
Rates and taxes ˤ˦ˠʳ˨ˢ ˣ˦˦ʳ˟ˤ
Directors’ sitting fees 5.15 3.50
Vehicle maintenance ˠˤ˥ʳˣ˦ 159.04
Donation 6.61 15.36
Provision for doubtful advances ˦˟ʳ˟˟ -
ĵŸǣǣŸŘʩɮs_ǣǣsǼǣ_ÞǣOǋ_s_ ˧˟ʳˤ˦ 91.42
Conversion charges ˧˥ˢʳ˦ˣ 250.39
Advertisement and Sales promotion expense 18,985.63 ˠ˦ʰ˟˦ˠʳ˦ˠ
Freight, handling and forwarding charges ˨ʰˢ˨˦ʳˤˠ 8,486.81
Field staff expenses 1,411.41 ˠʰˡˡˤʳ˦ˠ
Travelling and conveyance ˢˠˤʳ˦ˢ 292.03
Royalty 288.33 ˡˣˣʳ˦˧
Corporate social responsibility expenses ( Note 29(J)) 234.84 121.33
Miscellaneous expenses ˠʰˠ˨ˡʳˠ˦ 638.95
40,434.07 35,608.03
2015-16 2014-15
NOTE 26
FINANCE COST
Interest on bank overdraft 9.21 9.32
Interest on debentures 448.10 ˠʰˠˢ˨ʳ˦ˤ
Other borrowing cost 28.25 53.91
485.56 1,202.98
2015-16 2014-15
NOTE 27
INTEREST INCOME
ÝŘǼsǋsǣǼŸŘʩɮs__sƼŸǣÞǼ 349.40 310.45
Interest on loans to subsidiaries 4,335.36 ˤʰˤˣ˨ʳ˦˥
ÝŘǼsǋsǣǼŸŘOƼÞǼĶÞŘɚsǣǼs_ÞŘƼǋǼŘsǋǣÌÞƼʩǋŎ 11.15 8.68
Interest on intercorporate deposit - 42.45
Interest others 5.90 4.48
4,701.81 5,915.82
NOTES
NOTE 28 EMPLOYEE BENEFIT:
ʹÞʺ ^sʩŘs_DsŘsʩǼƻĶŘǣ˚
ǻÌsNŸŎƼŘɴÌǣ_sʩŘs_EsŘsʩǼ¶ǋǼȖÞǼɴƼĶŘʳrɚsǋɴsŎƼĶŸɴssɠÌŸÌǣOŸŎƼĶsǼs_ʩɚsɴsǋǣŸǋŎŸǋsŸ¯ǣsǋɚÞOs¶sǼǣ¶ǋǼȖÞǼɴŸŘ_sƼǋǼȖǋs
at 15 days salary (last drawn salary) for each completed year of service. The scheme is funded with Life Insurance Corporation of India.
ǻÌs¯ŸĶĶŸɠÞŘ¶ǼEĶsǣǣȖŎŎǋÞǣsǣǼÌsOŸŎƼŸŘsŘǼǣŸ¯ŘsǼEsŘsʩǼsɮƼsŘǣsǋsOŸ¶ŘÞǣs_ÞŘǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣŘ_ǼÌs¯ȖŘ_s_ǣǼǼȖǣ
and amounts recognised in the balance sheet for the respective plans.
` in Lacs
2015-16 2014-15
Gratuity Funded Gratuity Funded
(A) Summary of the Actuarial Assumptions
Mortality IALM (2006-08) Ult. IALM (2006-08) Ult.
Discount rate ˦ʳ˧˟̇ ˦ʳ˧˟̇
Rate of increase in compensation 8.00% 8.00%
Withdrawal rates 10.00% 10.00%
Rate of return (expected) on plan assets 8.50% ˧ʳ˦ˤ̇
The estimates of future salary increases considered in actuarial valuation take account of
ÞŘʪǼÞŸŘʰǣsŘÞŸǋÞǼɴʰƼǋŸŎŸǼÞŸŘŘ_ŸǼÌsǋǋsĶsɚŘǼ¯OǼŸǋǣǣȖOÌǣǣȖƼƼĶɴŘ__sŎŘ_ÞŘǼÌs
employment market.
The overall expected rate of return on assets is determined based on the market price
prevailing on that date, applicable to the period over which the obligation is to be settled.
(B) Changes in present value of obligations (PVO)
PVO at beginning of period 1,892.22 ˠʰˤ˦˟ʳ˨˧
Interest cost ˠˣ˦ʳ˨ˠ 144.53
Current Service Cost ˠ˦ˣʳˢ˨ 184.02
DsŘsʩǼǣƻÞ_ ʹˢ˟˦ʳˣˡʺ ʹˠˠˢʳ˥˦ʺ
Actuarial (gain) / loss on obligation ˦˥ʳˤ˟ 106.36
PVO at end of period 1,983.60 1,892.22
(C) Changes in fair value of plan assets
Fair value of plan assets at the beginning of period 622.43 618.55
Adjustment to opening fair value of plan assets - ʹˠ˧ʳ˦˧ʺ
Expected return on plan assets 54.56 ˤˡʳ˦ˣ
Contributions ˦ʳ˨˨ 119.39
DsŘsʩǼƼÞ_ ʹˢ˟˦ʳˣˡʺ ʹˠˠˢʳ˥˦ʺ
Actuarial gain / (loss) on plan assets (26.56) (35.80)
Fair value of plan assets at end of period 351.00 622.43
(D) Net Assets/(Liabilities) recognised in the balance sheet
PVO at end of period (1,983.60) (1,892.22)
Fair value of plan assets at end of period 351.00 622.43
®ȖŘ_s_ǣǼǼȖǣʹ_sʩOÞǼÞŘƼĶŘǣǣsǼǣŸɚsǋ¯ÞǋɚĶȖsŸ¯ƻəŷʺ (1,632.60) ʹˠʰˡ˥˨ʳ˦˨ʺ
Net assets / (Liability) recognised in the balance sheet (1,632.60) (1,269.79)
(E) rɮƼsŘǣsǣǋsOŸ¶ŘÞǣs_ÞŘǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣ
Current service cost ˠ˦ˣʳˢ˨ 184.02
Interest cost ˠˣ˦ʳ˨ˠ 144.53
Expected return on plan assets (54.56) ʹˤˡʳ˦ˣʺ
Net Actuarial (Gain)/Loss recognised for the period 103.06 142.16
rɮƼsŘǣsǋsOŸ¶ŘÞǣs_ÞŘǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣ 370.80 417.97
(F) The major categories of plan assets as a percentage of the fair value of total plan
assets are as follows:
Investment with insurer 100.00% 100.00%
NOTES
NOTE 28 EMPLOYEE BENEFIT: (contd.)
` in Lacs
(G) Amounts for the current and previous four periods are as follows:
April to March 16 April to March 15 April to March 14 April to March 13 April to March 12
^sʩŘs_ EsŘsʩǼ 1,983.60 1,892.22 ˠʰˤ˦˟ʳ˨˦ 1,533.12 ˠʰˡ˧˦ʳˤ˥
obligation
Plan assets 351.00 622.43 618.55 615.44 655.80
ǢȖǋƼĶȖǣˀʹ^sʩOÞǼʺ 1,632.60 ˠʰˡ˥˨ʳ˦˨ 952.42 ˨ˠ˦ʳ˥˧ ˥ˢˠʳ˦˥
Experience adjustment ˦˥ʳˤ˟ 106.36 59.50 20.16 1.09
on plan liabilities
Experience adjustment (26.56) (35.80) 2.44 1.28 ˟ʳ˦ˣ
on plan assets
(H) The Company expects to contribute ` 300.00 (2015- ` Nil) to gratuity fund and ` 35.53 (2015 - ` 34.63) to Superannuation fund in the next
year.
ʹÞÞʺ ^sʩŘs_NŸŘǼǋÞEȖǼÞŸŘƻĶŘǣ˚
Amount of ` 850.58 (2015 - `˦ˢ˨ʳˣ˥ʺÞǣǋsOŸ¶ŘÞǣs_ǣŘsɮƼsŘǣsŘ_ÞŘOĶȖ_s_ÞŘŗŸǼsˡˣÞŘǼÌsǢǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣʳ
NOTE 29 - SUPPLEMENTARY INFORMATION
2015-16 2014-15
A) Earnings in foreign currency (accrual basis):
FOB value of exports 1,228.86 ˠʰˣˢ˨ʳˠ˦
B) Expenditure in foreign currency (accrual basis):
i) Royalty 254.55 223.52
ii) Travelling and Conveyance - 9.50
iii) Professional Consulting Fees 5.68 5.19
iv) Others ˠˠʳˠ˦ ˡˠʳ˦˥
C) CIF value of imports
(i) Raw material and Packing Material 2,416.19 926.30
(ii) Capital goods 4.85 -
D) Unhedged foreign currency exposure:
2015-16 2014-15
Particulars Foreign Currency ` in Lacs Amount in Foreign ` in Lacs Amount in Foreign
Currency Currency
Trade Receivables USD ˠ˦˧ʳˡˣ ˡ˥˧ʰ˦˟˨ 100.39 160,385
Trade Payables USD 132.42 199,636 ˤ˦ʳ˥˟ 92,020
Trade Payables Euro 39.88 53,100 ˦ˠʳ˦˟ 106,200
E) Payment to auditors (excluding service tax)
2015-16 2014-15
As Auditors
Audit fee ˤˡʳ˦ˤ 41.50
Tax audit fees 8.00 8.00
Limited review 26.00 ˡˣʳ˦ˤ
In other capacity
Transfer pricing fee 1.25 1.00
NsǋǼÞʩOǼÞŸŘ¯ss 1.50 0.25
Reimbursement of expenses 4.84 ˣʳ˟˦
94.34 79.57
NOTES
NOTE 29 - SUPPLEMENTARY INFORMATION (contd.)
` in Lacs
F) Details of Raw and packing material consumed:
Particulars Consumption Value

2015-16 2014-15
Synthetic Dye 630.20 ˦ˡˡʳˤ˧
Soap Noodles 51.35 34.91
Dyes & Chemicals 15,208.29 ˠˢʰˢ˨ˠʳ˦ˤ
Fatty Oils, Powder & Perfumes ˠˤʰ˟˧ˠʳ˦˟ 13,298.93
Plastic 2,423.66 ˡʰ˧˦ˣʳˣ˦
Others 2,616.01 2,834.91
Packing materials 12,629.31 ˠˡʰˣ˦˧ʳˠˢ
Total 48,640.52 45,635.68
G) Value of Imported and Indigenous Raw Materials, Packing Materials, Stores and Spare Parts Consumed
Particulars Raw Materials / Packing Materials Stores and Spare parts

2015-16 2014-15 2015-16 2014-15
Value % Value % Value % Value %
Imported ˠʰˠ˥˦ʳ˧ˤ 2.40% ˥˦˨ʳ˨˥ 1.49% 0.52 ˟ʳ˟˦̇ 0.05 0.01%
Indigenous ˣ˦ʰˣ˦ˡʳ˥˦ ˨˦ʳ˥˟̇ ˣˣʰ˨ˤˤʳ˦ˡ 98.51% ˦ˢˡʳ˥ˢ 99.93% 626.26 99.99%
Total 48,640.52 45,635.68 733.15 626.31
H) Details of product sold, inventory and purchase of traded goods
Item Type Opening Inventory Purchases Sales Closing Inventory

Home Care Traded 1,310.44 12,421.53 15,801.56 1,253.85
9,853.98 12,538.66
Manufactured ˡʰ˥ˤˠʳ˥˦ - ˡˡʰ˥˦ˣʳ˥ˢ ˡʰˤˣ˟ʳ˥˦
- ˠ˨ʰˡ˨˦ʳ˨ˣ
Soaps & Detergents Traded 2,350.09 ˠ˦ʰˤˣ˦ʳˠˤ ˡ˦ʰˢˢˣʳˤ˥ 1,694.84
20,609.40 31,518.66
Manufactured 4,668.38 - 89,965.63 5,445.56
- ˦˦ʰ˥˦ˢʳ˟˟
Others Traded 446.22 ˦ˣˢʳ˦ˡ 1,533.31 163.95
1,326.59 ˠʰ˦˨˧ʳˤ˥
Manufactured - - 41.25 63.09
- -
Total 11,426.80 30,712.40 157,350.94 11,161.96
ˢˠʰ˦˧˨ʳ˨˦ 142,826.82
I) Value of closing stock of work in progress
Particulars 2016 2015

Home Care ˢˡˣʳ˧˦ ˢˤ˨ʳ˧˦
Soaps & Detergents 1,218.65 1,009.20
Others 2.55 -
Total 1,546.07 1,369.07
J) Expenditure related to Corporate Social Responsibility as per Section 135 of the Companies Act, 2013 read with Schedule VII is as
given below:

Promoting preventing health care and sanitation 44.28 91.44
Contribution to Prime Ministers National Relief Fund - 19.86
Promotion of Education 5.00 -
Rural/ slum area development 185.56 10.03
Total 234.84 121.33
Gross amount required to be spent during the year 195.30 166.92
NOTES
NOTE 30 - SEGMENT REPORTING
Information about Business Segments
Business segments:
The primary segment of the Company has been determined on the basis of business segment. The Company is organized into following business
ǣs¶ŎsŘǼǣ˚ǢŸƼǣŘ_^sǼsǋ¶sŘǼǣʰËŸŎsNǋsŘ_ŸǼÌsǋǣʳǢs¶ŎsŘǼǣÌɚsEssŘÞ_sŘǼÞʩs_ǼĨÞŘ¶ÞŘǼŸOOŸȖŘǼǼÌsŘǼȖǋsŸ¯ǼÌsƼǋŸ_ȖOǼǣʰǼÌs
differing risks and returns, the organization structure and the internal reporting system.
Soaps and Detergents includes fabric whiteners, fabric detergents, dish wash bar and soaps including ayurvedic soaps. Home Care products
include incense sticks, scrubber, dhoop and mosquito repellents. Others includes bodycare,tea and coffee.
Secondary segment:
ǻÌsNŸŎƼŘɴŎÞŘĶɴOǼsǋǣǼŸǼÌsŘss_ǣŸ¯ǼÌs_ŸŎsǣǼÞOŎǋĨsǼʳǻÌssɮƼŸǋǼǼȖǋŘŸɚsǋÞǣŘŸǼǣÞ¶ŘÞʩOŘǼÞŘǼÌsOŸŘǼsɮǼŸ¯ǼŸǼĶǼȖǋŘŸɚsǋʳǣǣȖOÌʰ
there is only one reportable geographical segment.
Segment revenue and result:
The income/ expense that are not directly attributable to the business segments are shown as unallocated corporate costs.
Segment assets and liabilities:
Ǣs¶ŎsŘǼǣǣsǼǣÞŘOĶȖ_sĶĶŸƼsǋǼÞŘ¶ǣǣsǼǣȖǣs_Eɴǣs¶ŎsŘǼŘ_OŸŘǣÞǣǼƼǋÞŘOÞƼĶĶɴŸ¯_sEǼŸǋǣʰÞŘɚsŘǼŸǋÞsǣʰ_ɚŘOsǣŘ_ʩɮs_ǣǣsǼǣʳǣǣsǼǣ
at corporate level are not allocable to segments on a reasonable basis and thus the same have not been allocated. Segment liabilities include all
operating liabilities and consist principally of creditors and accrued liability.
` in Lacs
Soaps and Detergents Home care Others Eliminations Total
2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15
Revenue
External Revenue ˠˠ˦ʰˢ˟˟ʳˠ˨ 109,191.66 ˢ˧ʰˣ˦˥ʳˠ˨ 31,836.60 ˠʰˤ˦ˣʳˤ˥ ˠʰ˦˨˧ʳˤ˥ - - ˠˤ˦ʰˢˤ˟ʳ˨ˣ 142,826.82
Inter Segment Revenue 35.39 - 144.44 ˤˠ˦ʳ˥˨ - - ʹˠ˦˨ʳ˧ˢʺ ʹˤˠ˦ʳ˥˨ʺ - -
Net Revenue 117,335.58 109,191.66 38,620.63 32,354.29 1,574.56 1,798.56 (179.83) (517.69) 157,350.94 142,826.82
Segment Result 15,906.66 11,520.80 2,085.56 ˨ˤˤʳˢ˦ (15.30) ˠˣʳ˦˨ - - ˠ˦ʰ˨˦˥ʳ˨ˡ 12,490.96
Unallocated expenditure ʹˡʰ˨ˣˤʳˡ˦ʺ ʹˡʰ˨ˢ˦ʳ˦ˣʺ
Unallocated Income 5,594.99 6,550.52
ÝŘǼsǋsǣǼŘ_ʩŘŘOssɮƼsŘǣsǣ (485.56) (1,202.98)
ƻǋŸʩǼ Es¯Ÿǋs sɮOsƼǼÞŸŘĶ 20,141.08 14,900.76
items and tax
Exceptional Item - (209.18)
ƻǋŸʩǼEs¯ŸǋsǼɮ 20,141.08 14,691.58
Tax expenses 3,905.12 412.63
ƻǋŸʩǼ¯ǼsǋǼɮ 16,235.96 14,278.95
Other Information
Segment assets ˤ˥ʰ˦˨ˤʳ˧ˢ 58,112.58 15,865.43 ˠˢʰˣ˥˥ʳˠ˦ 2,110.06 2,250.46 - - ˦ˣʰ˦˦ˠʳˢˡ ˦ˢʰ˧ˡ˨ʳˡˠ
Unallocated assets 112,355.13 ˠˠ˦ʰ˧ˠˢʳ˧˟
Total assets 187,126.45 191,643.01
Segment liabilities 13,942.12 12,313.11 ˦ʰˢ˥ˡʳˢ˟ 4,912.56 ˠ˦˟ʳˡˡ 95.50 - - ˡˠʰˣ˦ˣʳ˥ˣ ˠ˦ʰˢˡˠʳˠ˦
Unallocated liabilities 62,393.82 ˦˧ʰˠˤˠʳˣ˦
Total liabilities 83,868.46 95,472.64
NOTES
NOTE 30 - SEGMENT REPORTING (contd.)
` in Lacs
Soaps and Detergents Home care Others Eliminations Total
2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15
Segment capital expenditure 913.81 1,016.85 291.36 ˣˡˤʳ˦˧ ˠ˥˥ʳ˨˦ - - - ˠʰˢ˦ˡʳˠˣ 1,442.63
(including capital work in
progress)
Unallocated capital 305.92 351.55
expenditure (including
capital work in progress)
Total capital expenditure 1,678.06 1,794.18
(including capital work in
progress)
Segment depreciation and 4,413.04 ˣʰˤ˟ˤʳ˦ˠ 363.13 459.55 246.35 ˡˣˣʳ˦˟ - - 5,022.52 5,209.96
amortisation
Unallocated depreciation ˠʰ˦˦ˠʳˣ˦ ˠʰ˧ˡ˦ʳˠˠ
and amortisation
Total depreciation and 6,793.99 7,037.07
amortisation
Segment non cash expenses 60.36 ˦˧ʳˣˤ 19.52 12.30 - - - - ˦˨ʳ˧˧ ˨˟ʳ˦ˤ
other than depreciation
Unallocated non cash expenses ˦˦ʳ˨˨ (26.50)
Total non cash expenses 157.87 64.25
Information about geographical segment :
2015-16 2014-15
India Outside India India Outside India
Revenue ˠˤˢʰ˨ˡ˥ʳ˦ˢ 3,424.21 139,510.13 3,316.69
All assets of the Company are located in India
NOTE 31 - RELATED PARTY DISCLOSURES
a) Parties where control exists

Individual having control
M.P. Ramachandran Chairman and Managing Director
As the Managing Director of the Company is an individual having control and hence not separately
disclosed as a Key management personnel.
Wholly Owned Subsidiaries
Jyothy Consumer Products Marketing Limited
Other Subsidiaries
Four Seasons Drycleaning Company Private Limited
Snoways Laundrers & Drycleaners Private Limited
b) Related party relationships where transactions have taken place during the year
ƻǋǼŘsǋǣÌÞƼʩǋŎ
M/S JFSL-JLL (JV)
Firm / HUF in which the relatives of individual having control are partners / members / proprietor
Quilon Trading Co.
M.P. Divakaran - H.U.F.
M.P. Sidharthan - H.U.F.
Relative of individual having control
M.P. Sidharthan
NOTES
NOTE 31 - RELATED PARTY DISCLOSURES (contd.)
M.R. Jyothy
M.R. Deepthi
Ananth Rao T
Ravi Razdan
M.P. Divakaran
rŘǼsǋƼǋÞǣsǣǣÞ¶ŘÞʩOŘǼĶɴÞŘʪȖsŘOs_EɴĨsɴŎŘ¶sŎsŘǼƼsǋǣŸŘŘsĶŸǋǼÌsÞǋǋsĶǼÞɚsǣ
Sahyadri Agencies Ltd.
Key management personnel
K. Ullas Kamath Joint Managing Director & CFO
S.Raghunandan Whole Time Director & CEO
Additional related party as per Companies Act, 2013.
M.L. Bansal Company Secretary
c) Transactions with related parties during the year
` in Lacs
2015-16 2014-15
Remuneration* 0.00 0.00
Commission 421.04 312.69
Dividend ˤʰ˦˥˧ʳ˨˥ 1,442.24
Associated Industries Consumer Products Pvt Ltd
(merged with Jyothy Consumer Products Marketing Limited)
Sale of Finished goods (net of sales return), Raw material, - ˣˠʳ˟˦
Packing material and Stores & spares
Sale of Fixed assets - 89.42
Royalty Income ( including service tax) - 4.88
Rent Income - 1.68
Purchase of Finished goods (Net of purchase return), raw and packing material - ˣˤ˨ʳ˨˦
Purchase of Fixed assets - ˠˣʳˤ˦
Conversion Charges and excise net of cenvat / (refund) - ˦˟ʳˢ˟
Interest Income - ˡ˦ʳˤ˧
Reimbursement of Expenses - 3.59
Sale of shares held in Jyothy Consumer Products Marketing Limited - 82.55
Sahyadri Agencies Limited
Dividend 1,200.00 300.00
Assignment of receivables - ˠʰˣ˦˧ʳ˟˟
Quilon Trading Company
Rent Paid 1.20 1.20
Dividend (M.P. Divakaran - H.U.F. and M.P. Sidharthan - H.U.F.) ˡˤ˦ʳ˨ˡ 64.48
Repayment of loan given - 13,500.00
Reimbursement of expenses 19.41 26.14
Interest Income - ˦ˠ˟ʳ˧˥
Sale of Finished goods (net of sales return ) 12.54 ˥ʳ˦˧
Purchases of services 0.15 0.08
ǢȖEǣOǋÞƼǼÞŸŘǼŸ˦ˤʰ˟˟ʰ˟˟˟ˡ̇ŷƼǼÞŸŘĶĶɴNŸŘɚsǋǼÞEĶsƻǋs¯sǋsŘOsǢÌǋsǣ - 15,000.00
Corporate Guarantees given for borrowings taken
Balance outstanding as at year end is : 4,000.00 4,000.00
Jyothy Consumer Products Marketing Ltd
Interest Income 4,335.36 4,811.32
NOTES
` in Lacs
2015-16 2014-15
Rent Income ˥ˤʳ˦˨ ˦ˣʳˡˠ
Purchase of Finished goods and Raw Material (Net of purchase return) ˧˟˟ʳ˦ˢ 1,405.61
Purchases of Fixed Assets 0.69 -
Sale of Finished goods (net of sales return ) ˤʰ˟ˠ˦ʳˢ˦ 3,012.86
Royalty Income ( including service tax) 3.04 -
Conversion Charges 2.10 -
Sale of Fixed Assets ˡ˦ʳˢ˧ -
M/S JFSL-JLL (JV)
ƻǋŸʩǼˀʹĶŸǣǣʺÞŘƼǋǼŘsǋǣÌÞƼ ʹ˦ʳˢˡʺ ˡ˦ʳˠ˦
Interest on partner capital 11.15 8.68
Withdrawal of capital 12.50 43.00
Corporate Guarantees given for borrowings taken
Balance outstanding as at year end is : 902.44 ˠʰ˟˦˦ʳˣˣ
ǢĶsǣŸ¯ʩŘÞǣÌs_¶ŸŸ_ǣ 65.35 145.09
Investment in share capital ˦˧ʳ˧ˡ -
Relatives of individuals having control
Remuneration*
M.R. Jyothy 102.48 96.32
M P Sidharthan 24.00 24.00
M R Deepthi ˢ˦ʳˤˠ ˡ˦ʳ˥˟
Ananth Rao T 45.03 ˢˣʳ˦ˣ
Ravi Razdan ˢ˦ʳˤˠ ˡ˦ʳ˥˟
M.P. Divakaran 24.00 24.00
Dividend ˡʰˢˡ˦ʳˤˡ ˤ˧ˠʳ˨˦
Contribution to Superannuation fund
M R Jyothy - 0.90
M R Deepthi - 2.40
Ravi Razdan - 2.40
Remuneration*# ˦ˡ˧ʳ˥˨ ˦ˡˠʳ˟˨
Commission ˢ˦˧ʳ˨ˢ 281.42
Dividend ˠˢˠʳ˦ˤ 32.94
Contribution to Superannuation fund 21.60 28.20
* As the future liabilities for gratuity is provided on an actuarial basis for the Company as a whole, the amount pertaining to individual is not
ascertainable and therefore not included above.
# The Company has accrued ` 1,544.53 in respect of employee stock options granted to whole time director and CEO. The same has not been
OŸŘǣÞ_sǋs_ǣŎŘ¶sǋÞĶǋsŎȖŘsǋǼÞŸŘŸ¯ǼÌsOȖǋǋsŘǼɴsǋǣ_sʩŘs_ȖŘ_sǋǢsOǼÞŸŘˡʹ˦˧ʺŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢǣǼÌsŸƼǼÞŸŘǣÌɚsŘŸǼ
been exercised.
NOTES
` in Lacs
d) Related party balances
2015-16 2014-15
Amounts receivable
Loans and advances :
Associated Industries Consumer Products Pvt Ltd - 349.83
Jyothy Consumer Products Marketing Ltd ˣ˦ʰˡˤ˟ʳˢˠ 43,000.00
Trade receivables :
Jyothy Consumer Products Marketing Ltd - 415.39
Jyothy Kallol Bangladesh Limited 11.31 -
Amounts payable
Trade payables :
Individual having control 421.04 312.69
Key management personnel ˢ˦˧ʳ˨ˢ 281.42
Advance from customer
Jyothy Consumer Products Marketing Ltd 22.38 -
NOTE 32 - OPERATING LEASES

In case of assets taken on lease
ǻÌsNŸŎƼŘɴÌǣsŘǼsǋs_ÞŘǼŸĵsǣs¶ǋssŎsŘǼǣ¯ŸǋƼǋsŎÞǣsǣʰɠÌÞOÌsɮƼÞǋsǼɚǋÞŸȖǣ_ǼsǣŸɚsǋǼÌsŘsɮǼʩɚsɴsǋǣʳNsǋǼÞŘ¶ǋssŎsŘǼǣƼǋŸɚÞ_s
for increase in rent. Lease rental expense for the year ended March 31, 2016 was ` 1,266.10 (2015 - ` 1,160.19). There are no restrictions imposed
by lease arrangements.
2015-16 2014-15
Future lease payment under non - cancellable operating leases are as follows:
Payable not later than one year 295.69 45.82
ƻɴEĶsĶǼsǋǼÌŘŸŘsɴsǋŘ_ŘŸǼĶǼsǋǼÌŘʩɚsɴsǋǣ ˦˟˥ʳˤˠ 0.64
ƻɴEĶsĶǼsǋǼÌŘʩɚsɴsǋǣ 104.51 -
1,106.71 46.46
In case of assets given on lease
The Company has leased out few of its premises on operating lease. The Gross carrying amount and accumulated depreciation as at March 31,
2016 is `˨˦ʳˣ˥Ř_` 24.45 (2015 - `˨˦ʳˣ˥Ř_`ˡˢʳˣ˦ʺǋsǣƼsOǼÞɚsĶɴʳĵsǣsǋsŘǼÞŘOŸŎs¯ŸǋǼÌsɴsǋsŘ_s_ōǋOÌˢˠʰˡ˟ˠ˥ɠǣ`˥˥ʳˢ˟ʹˡ˟ˠˤ˛
` ˦ˤʳ˧ˣʺʳǻÌsǋsÞǣŘŸsǣOĶǼÞŸŘOĶȖǣsÞŘǼÌsĶsǣs¶ǋssŎsŘǼŘ_ǼÌsĶsǣsÞǣOŘOsĶĶEĶsÞŘŘǼȖǋsʳǻÌsǋsǋsŘŸǋsǣǼǋÞOǼÞŸŘǣÞŎƼŸǣs_EɴĶsǣs
arrangements.
NOTE 33 - CONTINGENT LIABILITIES
2016 2015
Based on management’s evaluation following contingent liabilities is not probable and hence
not provided by the Company in respect of:
(i) Amount outstanding in respect of corporate guarantees 4,902.44 ˤʰ˟˦˦ʳˣˣ
(ii) Tax matters
ʹʺ^ÞǣƼȖǼs_ǣĶsǣǼɮ_sŎŘ_ǣ˛ŎǼǼsǋǣȖŘ_sǋƼƼsĶ ˠʰ˧˦˟ʳˠˢ 1,843.20
(b) Disputed excise duty and service tax demand - matter under appeal 3,864.18 ˡʰ˨˥ˢʳ˦ˤ
(c) Disputed income tax demand - matter under appeal * ˥ʰ˦ˢˢʳˠˤ ˢʰ˦ˣˠʳ˥˟
(iii) Other statutory dues 3.83 ˦ʳ˦ˡ
* The amount shown above does not include contingent liability for assessment years which have been reopened (unless demand order is raised)
and those pending assessments.
Corporate Overview Performance Governance Financial Statements ˠˢ˦
NOTES
` in Lacs
NOTE 34 - CAPITAL COMMITMENTS (NET OF ADVANCES)
2016 2015
Estimated amount of contracts remaining to be executed on capital account and ˠʰ˟ˤ˟ʳ˦ˡ 441.50
not provided for
1,050.72 441.50
NOTE 35 : MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006 ( ‘MSMED’)
The disclosure pursuant to the said Act is as under :
2016 2015
Principal amount due to suppliers under MSMED Act 4,682.31 ˢʰ˦ˡ˧ʳˠ˦
Interest accrued and due to suppliers under Section 16 of MSMED Act, 2006 on the above ˣʳ˨˦ 4.05
amount, unpaid
Interest paid to suppliers under the MSMED Act - -
Interest due and payable towards suppliers under MSMED Act towards payment already made - -
Interest accrued and remaining unpaid at the end of accounting year ˣʳ˨˦ 4.05
ǻÌsEŸɚsÞŘ¯ŸǋŎǼÞŸŘÌǣEssŘ_sǼsǋŎÞŘs_ǼŸǼÌssɮǼsŘǼǣȖOÌƼǋǼÞsǣÌɚsEssŘÞ_sŘǼÞʩs_ŸŘǼÌsEǣÞǣŸ¯ÞŘ¯ŸǋŎǼÞŸŘɚÞĶEĶsɠÞǼÌǼÌsNŸŎƼŘɴʳ
NOTE 36 - EMPLOYEE STOCK OPTION PLANS (‘ESOP’)
On August 16, 2014 the Remuneration and Compensation Committee of the Board of Directors of the Company approved the Employee Stock
Option Scheme 2014 (“ESOS-2014”) for issue of stock options to the key employees and Employee Stock Option Scheme 2014-A (“ESOS- 2014-A”)
for issue of stock options to Whole Time Director & CEO of the Company. According to the scheme, whole time Director and CEO and eligible
employees selected by the Remuneration and Compensation Committee will be entitled to options from time to time, subject to satisfaction of
prescribed vesting conditions. The relevant terms of the grant are as below : -
(“ESOS -2014”) (“ESOS -2014”) ("ESOS -2014 - A")

Particulars
Grant – I Grant – II
Date of Grant August 16, 2014 ğŘȖǋɴˡ˦ʰˡ˟ˠˤ August 16, 2014
Number of options granted 5,03,445 ˢˣʰˤ˟˦ ˡ˦ʰˠˤʰˢˤˡ
Vesting period 33% - Year 1 33% - Year 1 ˥˥ʳ˥˦̇˚ɳsǋˠ
33% - Year 2 33% - Year 2 ˠ˥ʳ˥˦̇˚ɳsǋˡ
34% - Year 3 34% - Year 3 16.66% - Year 3
Exercise period 5 years from the respective dates of vesting
Exercise Price - Per share `1 `1 `1
Market price at grant date - Per share `ˠ˧˧ʳ˦˟ ` 289.80 `ˠ˧˧ʳ˦˟
The details of the activity under the above schemes are summarised as below;
(“ESOS -2014”) (“ESOS -2014”) ("ESOS -2014 - A")

Particulars
Outstanding at April 1, 2014 - - -
Granted during 2014-15 5,03,445 ˢˣʰˤ˟˦ ˡ˦ʰˠˤʰˢˤˡ
Cancelled during 2014-15 52,994 - -
Exercised during 2014-15 - - -
Outstanding at March 31, 2015 4,50,451 ˢˣʰˤ˟˦ ˡ˦ʰˠˤʰˢˤˡ
Exercisable at March 31, 2015 4,50,451 ˢˣʰˤ˟˦ ˡ˦ʰˠˤʰˢˤˡ
Outstanding at April 1, 2015 4,50,451 ˢˣʰˤ˟˦ ˡ˦ʰˠˤʰˢˤˡ

Granted during 2015-16 - - -
Cancelled during 2015-16 ˧˦ʰ˨˦˟ ˢˣʰˤ˟˦ 4,52,559
Exercised during 2015-16 96,184 - -
Outstanding at March 31, 2016 ˡʰ˥˥ʰˡ˨˦ - ˡˡʰ˥ˡʰ˦˨ˢ
Exercisable at March 31, 2016 ˡʰ˥˥ʰˡ˨˦ - ˡˡʰ˥ˡʰ˦˨ˢ
NOTES
` in Lacs
NOTE 36 - EMPLOYEE STOCK OPTION PLANS (‘ESOP’) (contd.)
For option excercised during the period, the weighted average share price at the exercise date was `ˡ˨˦ʳˣˣƼsǋǣÌǋsʹˡ˟ˠˤ˚ŘŸǼƼƼĶÞOEĶsǣÞŘOs
no option were exercised).
No new stock option have been granted by the company in the current year.
The Black Scholes valuation model has been used for computing the weighted average fair value of the stock granted considering the following
inputs for the year ended March 31, 2016 and March 31, 2015 :-
(“ESOS -2014”)- GRANT – I

Variables Vest 1 Vest 2 Vest 3
August 16, 2015 August 16, 2016 August 16, 2017
Volatility 36.19% ˢ˦ʳˢˡ̇ 40.33%
Riskfree Rate ˧ʳ˦ˢ̇ ˧ʳ˦ˡ̇ ˧ʳ˦ˡ̇
Exercise Price (`) 1.00 1.00 1.00
Time To Maturity (In Years) 3.50 4.50 5.50
Dividend yield 1.59% 1.59% 1.59%
Weighted average fair Value of per stock option granted (`) 174.98
(“ESOS -2014 - A”)

Variables Vest 1 Vest 2 Vest 3
Volatility 36.19% ˢ˦ʳˢˡ̇ 40.33%
Riskfree Rate ˧ʳ˦ˢ̇ ˧ʳ˦ˡ̇ ˧ʳ˦ˡ̇
Exercise Price (`) 1.00 1.00 1.00
Time To Maturity (In Years) 3.50 4.50 5.50
Dividend yield 1.59% 1.59% 1.59%
ǻÌssɮƼsOǼs_ɚŸĶǼÞĶÞǼɴǋsʪsOǼǣǼÌsǣǣȖŎƼǼÞŸŘǼÌǼǼÌsÌÞǣǼŸǋÞOĶɚŸĶǼÞĶÞǼɴŸɚsǋƼsǋÞŸ_ǣÞŎÞĶǋǼŸǼÌsĶÞ¯sŸ¯ǼÌsŸƼǼÞŸŘǣÞǣÞŘ_ÞOǼÞɚsŸ¯¯ȖǼȖǋs
trends, which may not necessarily be the actual outcome.
The Company measures the cost of ESOP using the intrinsic value method. Had the company used the fair value model to determine compensation,
ÞǼǣƼǋŸʩǼ¯ǼsǋǼɮŘ_sǋŘÞŘ¶ǣƼsǋǣÌǋsǣǋsƼŸǋǼs_ɠŸȖĶ_ÌɚsOÌŘ¶s_ǼŸǼÌsŎŸȖŘǼǣǣÞŘ_ÞOǼs_EsĶŸɠʲ

ƻǋŸʩǼ¯ǼsǋǼɮǣǋsƼŸǋǼs_ 16,235.96 ˠˣʰˡ˦˧ʳ˨ˤ
Add: ESOP cost using the intrinsic value method ˠʰ˦ˤ˟ʳˡ˥ ˡʰ˧˦ˠʳˠˢ
Less: ESOP cost using the fair value method ʹˠʰ˥ˢ˥ʳ˦˧ʺ ʹˡʰ˥˥ˠʳˠ˦ʺ
ƻǋŸ¯ŸǋŎƼǋŸʩǼ¯ǼsǋǼɮ 16,349.44 14,488.91
Earnings Per Share As at March 31, 2016 As at March 31, 2015

Basic
- As reported ˧ʳ˨˦ ˦ʳ˧˨
- Proforma 9.03 8.00
Diluted
- As reported 8.84 ˦ʳ˧ˢ
- Proforma 8.91 ˦ʳ˨ˤ
NOTE - 37 - DETAILS OF LOAN / ADVANCES GIVEN TO SUBSIDIARY COMPANIES (SECTION 186(4) OF COMPANIES ACT, 2013)
Particulars Secured/ Unsecured 2016 2015

Associated Industries Consumer Products Pvt Ltd (AICPPL) * Unsecured - 349.83
Jyothy Consumer Products Marketing Ltd(JCPML)** Unsecured ˣ˦ʰˡˤ˟ʳˢˠ 43,000.00
The above loans are repayable on demand and utilised by the subsidiaries towards their working capital requirements.
* Merged with Jyothy Consumer Products Marketing Limited w.e.f. April 1, 2014
** No additional loan has been given during the year. The increase is on account of unpaid interest added to the loan given and loan transferred
on account of merger of AICPPL with JCPML.
NOTES
` in Lacs
NOTE - 38 - DETAILS OF INVESTMENTS IN PARTNERSHIP FIRM
ǢÌǋsŸ¯ƼǋǼŘsǋÞŘƼǋŸʩǼǣʹ̇ʺ
2016 2015
Name of Partner
ǢÌǋsŸ¯ƼǋǼŘsǋÞŘƼǋŸʩǼǣʹ̇ʺ
Jyothy Fabricare Services Limited ˦ˤʳ˟˟̇ ˦ˤʳ˟˟̇
Jyothy Laboratories Limited 25.00% 25.00%
ǻŸǼĶOƼÞǼĶŸ¯ǼÌsʩǋŎ 339.00 318.20
NOTE 39 - EARNINGS PER SHARE
2016 2015
ŗsǼƻǋŸʩǼ¯ŸǋOĶOȖĶǼÞŸŘŸ¯EǣÞOŘ__ÞĶȖǼs_rƻǢ 16,235.96 ˠˣʰˡ˦˧ʳ˨ˤ
Weighted average number of shares for calculation of basic EPS ˠ˧ʰˠ˟ʰ˦˦ʰ˦˥ˣ 18,10,23,496
Effect of dilution :
Stock option granted under ESOP 25,06,850 12,24,545
Weighted average number of shares for calculation of diluted EPS 18,35,84,614 18,22,48,041
Basic EPS (`) ˧ʳ˨˦ ˦ʳ˧˨
Diluted EPS (`) 8.84 ˦ʳ˧ˢ
NOTE - 40
ǣƼsǋǼÌsŗŸǼÞʩOǼÞŸŘŘŸʳˢˡˀ˨˨˚Nr_Ǽs_ğȖĶɴ˧ʰˠ˨˨˨ʰǼÌsNŸŎƼŘɴɠǣsŘǼÞǼĶs_ǼŸǋs¯ȖŘ_Ÿ¯sɮOÞǣs_ȖǼɴÞŘµȖɠÌǼÞŘ_ğŎŎȖȖŘÞǼǣsǇȖÞɚĶsŘǼ
ǼŸˠ˟˟̇Ÿ¯ǼÌsŎŸȖŘǼŸ¯ǼÌs_ȖǼɴƼÞ_ǼÌǋŸȖ¶ÌƻsǋǣŸŘĶĵs_¶sǋOOŸȖŘǼʹ˄ƻĵ˅ʺʳ^ȖǋÞŘ¶ŘsǋĶÞsǋɴsǋʰǼÌsµŸɚsǋŘŎsŘǼÞǣǣȖs_ŘŸǼÞʩOǼÞŸŘǣ
ŘŸʳˠ˦ˀˡ˟˟˧˚NrŘ_ˠ˨ˀˡ˟˟˧˚Nr_Ǽs_ōǋOÌˡ˦ʰˡ˟˟˧ǋsǣǼǋÞOǼÞŘ¶ǼÌsǋs¯ȖŘ_ŎŸȖŘǼǼŸŎɮÞŎȖŎƼsǋOsŘǼ¶sǣƼsOÞʩs_ÞŘǼÌsŘŸǼÞʩOǼÞŸŘʳǻÌs
Company has received a favourable order from the High Court of Guwahati & Jammu and Kashmir in earlier years. Accordingly, the Company has
OOǋȖs_Ř__ÞǼÞŸŘĶEsŘsʩǼŸ¯` 940.48 (2015 - `˨˟˦ʳ˟˥ʺÞŘǼÌsOȖǋǋsŘǼɴsǋʳ
NOTE - 41
At its meeting held on May 23, 2016 the Board of Directors have approved the scheme of amalgamation of Jyothy Consumer Products Marketing
Limited (wholly owned subsidiary) with the Company on May 23, 2016. The appointed date under the scheme will be April 1, 2016.
NOTE 42
The Company has entered into an option agreement dated May 5, 2011 with Henkel AG & Co. KGaA (Henkel AG) whereby the Company has
¶ǋŘǼs_ËsŘĨsĶµʩǋŎŘ_ÞǋǋsɚŸOEĶsŸƼǼÞŸŘʰǼÞǼǣǣŸĶs_ÞǣOǋsǼÞŸŘǼŘɴǼÞŎs¯ǼsǋǼÌsEs¶ÞŘŘÞŘ¶Ÿ¯ǼÌsʩ¯ǼÌɴsǋŘ_sŘ_ÞŘ¶ȖƼŸŘǼÌssɮƼÞǋɴ
of the sixth year of the said agreement or such other mutually extended period, to acquire a maximum of 26% of the issued equity share capital of
the Company at a price which will be mutually determined by the parties at a later date.
NOTE 43 - EXCEPTIONAL ITEM

Exceptional item relates additional payment towards retrenchment of employees for the Kandanassery unit in previous year.
NOTE 44 - PREVIOUS YEAR FIGURES

ƻǋsɚÞŸȖǣɴsǋʩ¶ȖǋsǣÌɚsEssŘǋs¶ǋŸȖƼs_ˀǋsOĶǣǣÞʩs_ʰɠÌsǋsŘsOsǣǣǋɴʰǼŸOŸŘ¯ŸǋŎǼŸǼÌÞǣɴsǋOĶǣǣÞʩOǼÞŸŘʳ
Signatures to Notes 1 to 44

Date: May 23, 2016 Date: May 23, 2016
INDEPENDENT AUDITOR’S REPORT

To audit in accordance with the Standards on Auditing, issued by
The Members of ǼÌs ÝŘǣǼÞǼȖǼs Ÿ¯ NÌǋǼsǋs_ OOŸȖŘǼŘǼǣ Ÿ¯ ÝŘ_Þʰ ǣ ǣƼsOÞʩs_
Jyothy Laboratories Limited ȖŘ_sǋǢsOǼÞŸŘˠˣˢʹˠ˟ʺŸ¯ǼÌsOǼʳǻÌŸǣsǢǼŘ_ǋ_ǣǋsǇȖÞǋsǼÌǼ
we comply with ethical requirements and plan and perform
REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS the audit to obtain reasonable assurance about whether the
ʩŘŘOÞĶǣǼǼsŎsŘǼǣǋs¯ǋss¯ǋŸŎŎǼsǋÞĶŎÞǣǣǼǼsŎsŘǼʳ
ɟs Ìɚs Ȗ_ÞǼs_ ǼÌs OOŸŎƼŘɴÞŘ¶ OŸŘǣŸĶÞ_Ǽs_ ʩŘŘOÞĶ
statements of Jyothy Laboratories Limited (hereinafter referred An audit involves performing procedures to obtain audit
to as “the Holding Company”) and its subsidiaries (the Holding evidence about the amounts and disclosures in the consolidated
Company and its subsidiaries together referred to as “the ʩŘŘOÞĶǣǼǼsŎsŘǼǣʳǻÌsƼǋŸOs_ȖǋsǣǣsĶsOǼs__sƼsŘ_ŸŘǼÌs
Group”) comprising of the consolidated Balance Sheet as at Ȗ_ÞǼŸǋ˅ǣ ĠȖ_¶ŎsŘǼʰ ÞŘOĶȖ_ÞŘ¶ ǼÌs ǣǣsǣǣŎsŘǼ Ÿ¯ ǼÌs ǋÞǣĨǣ Ÿ¯
ōǋOÌ ˢˠʰ ˡ˟ˠ˥ʰ ǼÌs OŸŘǣŸĶÞ_Ǽs_ ǢǼǼsŎsŘǼ Ÿ¯ ƻǋŸʩǼ Ř_ ŎǼsǋÞĶŎÞǣǣǼǼsŎsŘǼŸ¯ǼÌsOŸŘǣŸĶÞ_Ǽs_ʩŘŘOÞĶǣǼǼsŎsŘǼǣʰ
Loss and consolidated Cash Flow Statement for the year then ɠÌsǼÌsǋ_ȖsǼŸ¯ǋȖ_ŸǋsǋǋŸǋʳÝŘŎĨÞŘ¶ǼÌŸǣsǋÞǣĨǣǣsǣǣŎsŘǼǣʰ
sŘ_s_ʰŘ_ǣȖŎŎǋɴŸ¯ǣÞ¶ŘÞʩOŘǼOOŸȖŘǼÞŘ¶ƼŸĶÞOÞsǣŘ_ ǼÌsȖ_ÞǼŸǋOŸŘǣÞ_sǋǣÞŘǼsǋŘĶʩŘŘOÞĶOŸŘǼǋŸĶǋsĶsɚŘǼǼŸǼÌs
other explanatory information (hereinafter referred to as ‘the ËŸĶ_ÞŘ¶NŸŎƼŘɴ˅ǣƼǋsƼǋǼÞŸŘŸ¯ǼÌsOŸŘǣŸĶÞ_Ǽs_ʩŘŘOÞĶ
OŸŘǣŸĶÞ_Ǽs_ʩŘŘOÞĶǣǼǼsŎsŘǼǣ˅ʺʳ statements that give a true and fair view in order to design
Ȗ_ÞǼ ƼǋŸOs_Ȗǋsǣ ǼÌǼ ǋs ƼƼǋŸƼǋÞǼs ÞŘ ǼÌs OÞǋOȖŎǣǼŘOsǣʳ
MANAGEMENT’S RESPONSIBILITY FOR THE An audit also includes evaluating the appropriateness of
CONSOLIDATED FINANCIAL STATEMENTS accounting policies used and the reasonableness of the
ǻÌsËŸĶ_ÞŘ¶NŸŎƼŘɴ˅ǣDŸǋ_Ÿ¯^ÞǋsOǼŸǋǣÞǣǋsǣƼŸŘǣÞEĶs¯Ÿǋ OOŸȖŘǼÞŘ¶sǣǼÞŎǼsǣŎ_sEɴǼÌsËŸĶ_ÞŘ¶NŸŎƼŘɴ˅ǣDŸǋ_
ǼÌs ƼǋsƼǋǼÞŸŘ Ÿ¯ ǼÌsǣs OŸŘǣŸĶÞ_Ǽs_ ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ Ÿ¯^ÞǋsOǼŸǋǣʰǣɠsĶĶǣsɚĶȖǼÞŘ¶ǼÌsŸɚsǋĶĶƼǋsǣsŘǼǼÞŸŘŸ¯
in terms with the requirement of the Companies Act, 2013 ǼÌs OŸŘǣŸĶÞ_Ǽs_ ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣʳ ɟs EsĶÞsɚs ǼÌǼ ǼÌs
(“the Act”) that give a true and fair view of the consolidated audit evidence obtained by us and the audit evidence obtained
by the other auditors in terms of their reports referred to in
ʩŘŘOÞĶ ƼŸǣÞǼÞŸŘʰ OŸŘǣŸĶÞ_Ǽs_ ʩŘŘOÞĶ Ƽsǋ¯ŸǋŎŘOs Ř_
Ƽǋ¶ǋƼÌ ʹʺ Ÿ¯ ǼÌs ŷǼÌsǋ ōǼǼsǋǣ EsĶŸɠʰ Þǣ ǣȖ¯ʩOÞsŘǼ Ř_
OŸŘǣŸĶÞ_Ǽs_ OǣÌ ʪŸɠǣ Ÿ¯ ǼÌs µǋŸȖƼ ÞŘ OOŸǋ_ŘOs ɠÞǼÌ
appropriate to provide a basis for our audit opinion on the
accounting principles generally accepted in India, including
OŸŘǣŸĶÞ_Ǽs_ʩŘŘOÞĶǣǼǼsŎsŘǼǣʳ
ǼÌsOOŸȖŘǼÞŘ¶ǢǼŘ_ǋ_ǣǣƼsOÞʩs_ȖŘ_sǋǢsOǼÞŸŘˠˢˢŸ¯ǼÌs
OǼʰǋs_ɠÞǼÌǊȖĶs˦Ÿ¯ǼÌsNŸŎƼŘÞsǣʹOOŸȖŘǼǣʺǊȖĶsǣʰˡ˟ˠˣʳ OPINION
ǻÌs ǋsǣƼsOǼÞɚs DŸǋ_ Ÿ¯^ÞǋsOǼŸǋǣŸ¯ǼÌsOŸŎƼŘÞsǣ ÞŘOĶȖ_s_ In our opinion and to the best of our information and according
in the Group are responsible for maintenance of adequate ǼŸ ǼÌs sɮƼĶŘǼÞŸŘǣ ¶ÞɚsŘ ǼŸ Ȗǣʰ ǼÌs OŸŘǣŸĶÞ_Ǽs_ ʩŘŘOÞĶ
accounting records in accordance with the provisions of the Act statements give the information required by the Act in the
for safeguarding of the assets of the Group and for preventing manner so required and give a true and fair view in conformity
and detecting frauds and other irregularities; the selection with the accounting principles generally accepted in India of
and application of appropriate accounting policies; making the consolidated state of affairs of the Group as at March 31,
judgments and estimates that are reasonable and prudent; ˡ˟ˠ˥ʰ ǼÌsÞǋ OŸŘǣŸĶÞ_Ǽs_ ƼǋŸʩǼʰ Ř_ ǼÌsÞǋ OŸŘǣŸĶÞ_Ǽs_ OǣÌ
and the design, implementation and maintenance of adequate ʪŸɠǣ¯ŸǋǼÌsɴsǋsŘ_s_ŸŘǼÌǼ_Ǽsʳ
ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶ ǼÌǼ ɠsǋs ŸƼsǋǼÞŘ¶ s¯¯sOǼÞɚsĶɴ ¯Ÿǋ
ensuring the accuracy and completeness of the accounting REPORT ON OTHER LEGAL AND REGULATORY
records, relevant to the preparation and presentation of the REQUIREMENTS
ʩŘŘOÞĶǣǼǼsŎsŘǼǣǼÌǼ¶ÞɚsǼǋȖsŘ_¯ÞǋɚÞsɠŘ_ǋs¯ǋss As required by section 143 (3) of the Act, we report, to the
from material misstatement, whether due to fraud or error, extent applicable, that:
which have been used for the purpose of preparation of the
OŸŘǣŸĶÞ_Ǽs_ ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ Eɴ ǼÌs ^ÞǋsOǼŸǋǣ Ÿ¯ ǼÌs (a) We / the other auditors whose reports we have relied
ËŸĶ_ÞŘ¶NŸŎƼŘɴʰǣ¯ŸǋsǣÞ_ʳ upon have sought and obtained all the information and
explanations which to the best of our knowledge and
AUDITOR’S RESPONSIBILITY belief were necessary for the purpose of our audit of the
¯ŸǋsǣÞ_OŸŘǣŸĶÞ_Ǽs_ʩŘŘOÞĶǣǼǼsŎsŘǼǣʱ
Our responsibility is to express an opinion on these consolidated
ʩŘŘOÞĶǣǼǼsŎsŘǼǣEǣs_ŸŘŸȖǋȖ_ÞǼʳɟÌÞĶsOŸŘ_ȖOǼÞŘ¶ǼÌs (b) In our opinion proper books of account as required by
audit, we have taken into account the provisions of the Act, law relating to preparation of the aforesaid consolidation
the accounting and auditing standards and matters which are Ÿ¯ ǼÌs ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ Ìɚs EssŘ ĨsƼǼ ǣŸ ¯ǋ ǣ ÞǼ
required to be included in the audit report under the provisions appears from our examination of those books and reports
Ÿ¯ǼÌsOǼŘ_ǼÌsǊȖĶsǣŎ_sǼÌsǋsȖŘ_sǋʳɟsOŸŘ_ȖOǼs_ŸȖǋ of the other auditors;
(c) The consolidated Balance Sheet, consolidated Statement ÞÞÞʳ ǻÌsǋs Ìǣ EssŘ ŘŸ _sĶɴ ÞŘ ǼǋŘǣ¯sǋǋÞŘ¶ ŎŸȖŘǼǣʰ
Ÿ¯ƻǋŸʩǼŘ_ĵŸǣǣʰŘ_OŸŘǣŸĶÞ_Ǽs_NǣÌ®ĶŸɠǢǼǼsŎsŘǼ required to be transferred, to the Investor Education
dealt with by this Report are in agreement with the books and Protection Fund by the Holding Company and
of account maintained for the purpose of preparation of ÞǼǣǣȖEǣÞ_ÞǋÞsǣÞŘOŸǋƼŸǋǼs_ÞŘÝŘ_Þʳ
ǼÌsOŸŘǣŸĶÞ_Ǽs_ʩŘŘOÞĶǣǼǼsŎsŘǼǣʱ
OTHER MATTER
ʹ_ʺ ÝŘ ŸȖǋ ŸƼÞŘÞŸŘʰ ǼÌs ¯ŸǋsǣÞ_ OŸŘǣŸĶÞ_Ǽs_ ʩŘŘOÞĶ (ʺ ǻÌs OOŸŎƼŘɴÞŘ¶ OŸŘǣŸĶÞ_Ǽs_ ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ
statements comply with the Accounting Standards ÞŘOĶȖ_s ǼŸǼĶ ǣǣsǼǣ Ÿ¯ Ǌǣ ˡʰˠˠˤʳˠ˟ ĶOǣ ǣ Ǽ ōǋOÌ ˢˠʰ
ǣƼsOÞʩs_ȖŘ_sǋǣsOǼÞŸŘˠˢˢŸ¯ǼÌsOǼʰǋs_ɠÞǼÌǊȖĶs˦Ÿ¯
ˡ˟ˠ˥ʰ Ř_ ǼŸǼĶ ǋsɚsŘȖsǣ Ř_ ŘsǼ OǣÌ ÞŘʪŸɠǣ Ÿ¯ Ǌǣ
the Companies (Accounts) Rules, 2014;
ˠʰ˥˧˨ʳˣ˦ ĶOǣ Ř_ Ǌǣ ˡˡˣʳˣˤ ĶOǣ ¯Ÿǋ ǼÌs ɴsǋ sŘ_s_ ŸŘ
(e) On the basis of the written representations received from that date, in respect of four subsidiaries, which have been
the directors of the Holding Company as on March 31, Ȗ_ÞǼs_ Eɴ ŸǼÌsǋ Ȗ_ÞǼŸǋǣʰ ɠÌÞOÌ ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣʰ
ˡ˟ˠ˥ ǼĨsŘ ŸŘ ǋsOŸǋ_ Eɴ ǼÌs DŸǋ_ Ÿ¯ ^ÞǋsOǼŸǋǣ Ÿ¯ ǼÌs ŸǼÌsǋ ʩŘŘOÞĶ ÞŘ¯ŸǋŎǼÞŸŘ Ř_ Ȗ_ÞǼŸǋ˅ǣ ǋsƼŸǋǼǣ Ìɚs
Holding Company and the reports of the auditors who are EssŘ¯ȖǋŘÞǣÌs_ǼŸȖǣEɴǼÌsŎŘ¶sŎsŘǼʳŷȖǋŸƼÞŘÞŸŘŸŘ
appointed under Section 139 of the Act, of its subsidiary ǼÌsOŸŘǣŸĶÞ_Ǽs_ʩŘŘOÞĶǣǼǼsŎsŘǼǣʰÞŘǣŸ¯ǋǣÞǼǋsĶǼsǣ
companies incorporated in India, none of the directors to the amounts and disclosures included in respect of
Ÿ¯ ǼÌs µǋŸȖƼ˅ǣ OŸŎƼŘÞsǣ ÞŘOŸǋƼŸǋǼs_ ÞŘ ÝŘ_Þ Þǣ these subsidiaries and our report in terms of sub-sections
_ÞǣǇȖĶÞʩs_ǣŸŘˢˠǣǼōǋOÌʰˡ˟ˠ˥¯ǋŸŎEsÞŘ¶ƼƼŸÞŘǼs_ (3) and (11) of Section 143 of the Act, in so far as it relates
ǣ_ÞǋsOǼŸǋÞŘǼsǋŎǣŸ¯ǢsOǼÞŸŘˠ˥ˣʹˡʺŸ¯ǼÌsOǼʳ to the aforesaid subsidiaries is based solely on the reports
Ÿ¯ǣȖOÌŸǼÌsǋȖ_ÞǼŸǋǣʳ
(f) With respect to the adequacy and the operating
s¯¯sOǼÞɚsŘsǣǣ Ÿ¯ ǼÌs ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶǣ Ÿɚsǋ ŷȖǋŸƼÞŘÞŸŘŸŘǼÌsOŸŘǣŸĶÞ_Ǽs_ʩŘŘOÞĶǣǼǼsŎsŘǼǣʰŘ_ŸȖǋ
ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ Ÿ¯ ǼÌs ËŸĶ_ÞŘ¶ NŸŎƼŘɴ Ř_ ÞǼǣ report on Other Legal and Regulatory Requirements above, is
subsidiary companies incorporated in India, refer to our ŘŸǼŎŸ_Þʩs_ÞŘǋsǣƼsOǼŸ¯ǼÌsEŸɚsŎǼǼsǋǣɠÞǼÌǋsǣƼsOǼǼŸ
separate report in “Annexure 1” to this report; our reliance on the work done and the reports of the other
(g) With respect to the other matters to be included in Ȗ_ÞǼŸǋǣ Ř_ ǼÌs ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ Ř_ ŸǼÌsǋ ʩŘŘOÞĶ
ǼÌs Ȗ_ÞǼŸǋ˅ǣ ǊsƼŸǋǼ ÞŘ OOŸǋ_ŘOs ɠÞǼÌ ǊȖĶs ˠˠ Ÿ¯ ǼÌs ÞŘ¯ŸǋŎǼÞŸŘOsǋǼÞʩs_EɴǼÌsōŘ¶sŎsŘǼʳ
Companies (Audit and Auditors) Rules, 2014, in our
opinion and to the best of our information and according
to the explanations given to us: For S R B C & CO LLP
Chartered Accountants
Þʳ ǻÌs OŸŘǣŸĶÞ_Ǽs_ ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ _ÞǣOĶŸǣs ǼÌs ÝNÝ®ÞǋŎǊs¶ÞǣǼǋǼÞŸŘŗȖŎEsǋʲˢˡˣ˨˧ˡrˀrˢ˟˟˟˟ˢ
impact of pending litigations on its consolidated
ʩŘŘOÞĶƼŸǣÞǼÞŸŘŸ¯ǼÌsµǋŸȖƼʳǊs¯sǋŗŸǼsˢˣǼŸǼÌs per Vikram Mehta
OŸŘǣŸĶÞ_Ǽs_ʩŘŘOÞĶǣǼǼsŎsŘǼǣʱ Partner
ōsŎEsǋǣÌÞƼŗȖŎEsǋʲˠ˟ˤ˨ˢ˧
ÞÞʳ ǻÌs µǋŸȖƼ _Þ_ ŘŸǼ Ìɚs Řɴ ŎǼsǋÞĶ ¯ŸǋsǣssEĶs
losses in long-term contracts including derivative Place of Signature: Mumbai
OŸŘǼǋOǼǣʳ ^Ǽsʲōɴˡˢʰˡ˟ˠ˥
ANNEXURE 1 TO THE INDEPENDENT AUDITOR’S REPORT weakness exists, and testing and evaluating the design and
OF EVEN DATE ON THE CONSOLIDATED FINANCIAL operating effectiveness of internal control based on the assessed
STATEMENTS OF JYOTHY LABORATORIES LIMTED ǋÞǣĨʳǻÌsƼǋŸOs_ȖǋsǣǣsĶsOǼs__sƼsŘ_ŸŘǼÌsȖ_ÞǼŸǋ˅ǣĠȖ_¶sŎsŘǼʰ
Report on the Internal Financial Controls under Clause (i) of Sub- including the assessment of the risks of material misstatement of
section 3 of Section 143 of the Companies Act, 2013 (“the Act”) ǼÌsʩŘŘOÞĶǣǼǼsŎsŘǼǣʰɠÌsǼÌsǋ_ȖsǼŸ¯ǋȖ_ŸǋsǋǋŸǋʳ
To the Members of Jyothy Laboratories Limited We believe that the audit evidence we have obtained and the
audit evidence obtained by the other auditors in terms of their
ÝŘ OŸŘĠȖŘOǼÞŸŘ ɠÞǼÌ ŸȖǋ Ȗ_ÞǼ Ÿ¯ ǼÌs OŸŘǣŸĶÞ_Ǽs_ ʩŘŘOÞĶ
reports referred to in the Other Matters paragraph below, is
statements of Jyothy Laboratories Limited as of and for the year
ǣȖ¯ʩOÞsŘǼŘ_ƼƼǋŸƼǋÞǼsǼŸƼǋŸɚÞ_sEǣÞǣ¯ŸǋŸȖǋȖ_ÞǼŸƼÞŘÞŸŘ
sŘ_s_ ōǋOÌ ˢˠʰ ˡ˟ˠ˥ʰ ɠs Ìɚs Ȗ_ÞǼs_ ǼÌs ÞŘǼsǋŘĶ ʩŘŘOÞĶ
ŸŘǼÌsÞŘǼsǋŘĶʩŘŘOÞĶOŸŘǼǋŸĶǣǣɴǣǼsŎŸɚsǋʩŘŘOÞĶǋsƼŸǋǼÞŘ¶ʳ
OŸŘǼǋŸĶǣ Ÿɚsǋ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ Ÿ¯ ğɴŸǼÌɴ ĵEŸǋǼŸǋÞsǣ ĵÞŎÞǼs_
(hereinafter referred to as the “Holding Company”) and its
Meaning of Internal Financial Controls Over Financial
subsidiary companies which are companies incorporated in India,
Reporting
ǣŸ¯ǼÌǼ_Ǽsʳ
OŸŎƼŘɴ˅ǣÞŘǼsǋŘĶʩŘŘOÞĶOŸŘǼǋŸĶŸɚsǋʩŘŘOÞĶǋsƼŸǋǼÞŘ¶Þǣ
Management’s Responsibility for Internal Financial Controls process designed to provide reasonable assurance regarding the
ǻÌsǋsǣƼsOǼÞɚsDŸǋ_Ÿ¯^ÞǋsOǼŸǋǣŸ¯ǼÌsËŸĶ_ÞŘ¶NŸŎƼŘɴŘ_ÞǼǣ ǋsĶÞEÞĶÞǼɴ Ÿ¯ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ Ř_ ǼÌs ƼǋsƼǋǼÞŸŘ Ÿ¯ ʩŘŘOÞĶ
subsidiary companies, which are companies incorporated in India, statements for external purposes in accordance with generally
ǋsǋsǣƼŸŘǣÞEĶs¯ŸǋsǣǼEĶÞǣÌÞŘ¶Ř_ŎÞŘǼÞŘÞŘ¶ÞŘǼsǋŘĶʩŘŘOÞĶ OOsƼǼs_ OOŸȖŘǼÞŘ¶ ƼǋÞŘOÞƼĶsǣʳ OŸŎƼŘɴ˅ǣ ÞŘǼsǋŘĶ ʩŘŘOÞĶ
OŸŘǼǋŸĶǣ Eǣs_ ŸŘ ǼÌs ÞŘǼsǋŘĶ OŸŘǼǋŸĶ Ÿɚsǋ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ OŸŘǼǋŸĶ Ÿɚsǋ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ ÞŘOĶȖ_sǣ ǼÌŸǣs ƼŸĶÞOÞsǣ Ř_
criteria established by the Holding Company considering the procedures that (1) pertain to the maintenance of records that,
essential components of internal control stated in the Guidance ÞŘǋsǣŸŘEĶs_sǼÞĶʰOOȖǋǼsĶɴŘ_¯ÞǋĶɴǋsʪsOǼǼÌsǼǋŘǣOǼÞŸŘǣ
ŗŸǼs ŸŘ Ȗ_ÞǼ Ÿ¯ ÝŘǼsǋŘĶ ®ÞŘŘOÞĶ NŸŘǼǋŸĶǣ ŷɚsǋ ®ÞŘŘOÞĶ and dispositions of the assets of the company; (2) provide
Reporting issued by the Institute of Chartered Accountants of reasonable assurance that transactions are recorded as necessary
ÝŘ_ÞʳǻÌsǣsǋsǣƼŸŘǣÞEÞĶÞǼÞsǣÞŘOĶȖ_sǼÌs_sǣÞ¶ŘʰÞŎƼĶsŎsŘǼǼÞŸŘ ǼŸƼsǋŎÞǼƼǋsƼǋǼÞŸŘŸ¯ʩŘŘOÞĶǣǼǼsŎsŘǼǣÞŘOOŸǋ_ŘOsɠÞǼÌ
Ř_ ŎÞŘǼsŘŘOs Ÿ¯ _sǇȖǼs ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶǣ ǼÌǼ generally accepted accounting principles, and that receipts and
ɠsǋsŸƼsǋǼÞŘ¶s¯¯sOǼÞɚsĶɴ¯ŸǋsŘǣȖǋÞŘ¶ǼÌsŸǋ_sǋĶɴŘ_s¯ʩOÞsŘǼ expenditures of the company are being made only in accordance
conduct of its business, including adherence to the respective with authorisations of management and directors of the company;
OŸŎƼŘɴ˅ǣƼŸĶÞOÞsǣʰǼÌsǣ¯s¶Ȗǋ_ÞŘ¶Ÿ¯ÞǼǣǣǣsǼǣʰǼÌsƼǋsɚsŘǼÞŸŘ and (3) provide reasonable assurance regarding prevention or
and detection of frauds and errors, the accuracy and completeness timely detection of unauthorised acquisition, use, or disposition
of the accounting records, and the timely preparation of reliable Ÿ¯ǼÌsOŸŎƼŘɴ˅ǣǣǣsǼǣǼÌǼOŸȖĶ_ÌɚsŎǼsǋÞĶs¯¯sOǼŸŘǼÌs
ʩŘŘOÞĶÞŘ¯ŸǋŎǼÞŸŘʰǣǋsǇȖÞǋs_ȖŘ_sǋǼÌsOǼʳ ʩŘŘOÞĶǣǼǼsŎsŘǼǣʳ
Auditor’s Responsibility Inherent Limitations of Internal Financial Controls Over

Financial Reporting
ŷȖǋ ǋsǣƼŸŘǣÞEÞĶÞǼɴ Þǣ ǼŸ sɮƼǋsǣǣ Ř ŸƼÞŘÞŸŘ ŸŘ ǼÌs OŸŎƼŘɴ˅ǣ
ÞŘǼsǋŘĶʩŘŘOÞĶOŸŘǼǋŸĶǣŸɚsǋʩŘŘOÞĶǋsƼŸǋǼÞŘ¶Eǣs_ŸŘŸȖǋ DsOȖǣsŸ¯ǼÌsÞŘÌsǋsŘǼĶÞŎÞǼǼÞŸŘǣŸ¯ÞŘǼsǋŘĶʩŘŘOÞĶOŸŘǼǋŸĶǣ
Ȗ_ÞǼʳɟsOŸŘ_ȖOǼs_ŸȖǋȖ_ÞǼÞŘOOŸǋ_ŘOsɠÞǼÌǼÌsµȖÞ_ŘOs Ÿɚsǋ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ʰ ÞŘOĶȖ_ÞŘ¶ ǼÌs ƼŸǣǣÞEÞĶÞǼɴ Ÿ¯ OŸĶĶȖǣÞŸŘ
ŗŸǼs ŸŘ Ȗ_ÞǼ Ÿ¯ ÝŘǼsǋŘĶ ®ÞŘŘOÞĶ NŸŘǼǋŸĶǣ ŷɚsǋ ®ÞŘŘOÞĶ or improper management override of controls, material
ǊsƼŸǋǼÞŘ¶ʹǼÌsˆµȖÞ_ŘOsŗŸǼsˇʺŘ_ǼÌsǢǼŘ_ǋ_ǣŸŘȖ_ÞǼÞŘ¶ʰ misstatements due to error or fraud may occur and not be
both, issued by Institute of Chartered Accountants of India, and _sǼsOǼs_ʳ ĶǣŸʰ ƼǋŸĠsOǼÞŸŘǣ Ÿ¯ Řɴ sɚĶȖǼÞŸŘ Ÿ¯ ǼÌs ÞŘǼsǋŘĶ
deemed to be prescribed under section 143(10) of the Act, to the ʩŘŘOÞĶ OŸŘǼǋŸĶǣ Ÿɚsǋ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ ǼŸ ¯ȖǼȖǋs ƼsǋÞŸ_ǣ ǋs
sɮǼsŘǼ ƼƼĶÞOEĶs ǼŸ Ř Ȗ_ÞǼ Ÿ¯ ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶǣ Ÿɚsǋ ǣȖEĠsOǼǼŸǼÌsǋÞǣĨǼÌǼǼÌsÞŘǼsǋŘĶʩŘŘOÞĶOŸŘǼǋŸĶŸɚsǋʩŘŘOÞĶ
ÞŘǼsǋŘĶ ǋsƼŸǋǼÞŘ¶ʳ ǻÌŸǣs ǢǼŘ_ǋ_ǣ Ř_ ǼÌs µȖÞ_ŘOs ŗŸǼs reporting may become inadequate because of changes in
require that we comply with ethical requirements and plan and conditions, or that the degree of compliance with the policies or
perform the audit to obtain reasonable assurance about whether ƼǋŸOs_ȖǋsǣŎɴ_sǼsǋÞŸǋǼsʳ
_sǇȖǼs ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶǣ Ÿɚsǋ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶
was established and maintained and if such controls operated Opinion
s¯¯sOǼÞɚsĶɴÞŘĶĶŎǼsǋÞĶǋsǣƼsOǼǣʳ In our opinion, the Holding Company and its subsidiary companies,
which are companies incorporated in India, have, maintained in all
Our audit involves performing procedures to obtain audit ŎǼsǋÞĶǋsǣƼsOǼǣʰŘ_sǇȖǼsÞŘǼsǋŘĶʩŘŘOÞĶOŸŘǼǋŸĶǣǣɴǣǼsŎ
sɚÞ_sŘOs EŸȖǼ ǼÌs _sǇȖOɴ Ÿ¯ ǼÌs ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶǣ ŸɚsǋʩŘŘOÞĶǋsƼŸǋǼÞŘ¶Ř_ǣȖOÌÞŘǼsǋŘĶʩŘŘOÞĶOŸŘǼǋŸĶǣŸɚsǋ
ǣɴǣǼsŎŸɚsǋʩŘŘOÞĶǋsƼŸǋǼÞŘ¶Ř_ǼÌsÞǋŸƼsǋǼÞŘ¶s¯¯sOǼÞɚsŘsǣǣʳ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ ɠsǋs ŸƼsǋǼÞŘ¶ s¯¯sOǼÞɚsĶɴ ǣ Ǽ ōǋOÌ ˢˠʰ
ŷȖǋ Ȗ_ÞǼ Ÿ¯ ÞŘǼsǋŘĶ ʩŘŘOÞĶ OŸŘǼǋŸĶǣ Ÿɚsǋ ʩŘŘOÞĶ ǋsƼŸǋǼÞŘ¶ ˡ˟ˠ˥ʰEǣs_ŸŘǼÌsÞŘǼsǋŘĶOŸŘǼǋŸĶŸɚsǋʩŘŘOÞĶǋsƼŸǋǼÞŘ¶OǋÞǼsǋÞ
ÞŘOĶȖ_s_ ŸEǼÞŘÞŘ¶ Ř ȖŘ_sǋǣǼŘ_ÞŘ¶ Ÿ¯ ÞŘǼsǋŘĶ ʩŘŘOÞĶ established by the Holding Company considering the essential
OŸŘǼǋŸĶǣŸɚsǋʩŘŘOÞĶǋsƼŸǋǼÞŘ¶ʰǣǣsǣǣÞŘ¶ǼÌsǋÞǣĨǼÌǼŎǼsǋÞĶ OŸŎƼŸŘsŘǼǣ Ÿ¯ ÞŘǼsǋŘĶ OŸŘǼǋŸĶ ǣǼǼs_ ÞŘ ǼÌs µȖÞ_ŘOs ŗŸǼs
on Audit of Internal Financial Controls Over Financial Reporting NŸŘǣŸĶÞ_Ǽs_ ǢǼǼsŎsŘǼ Ÿ¯ ƻǋŸʩǼ Ř_ ĵŸǣǣ Ř_ NŸŘǣŸĶÞ_Ǽs_
ÞǣǣȖs_EɴǼÌsÝŘǣǼÞǼȖǼsŸ¯NÌǋǼsǋs_OOŸȖŘǼŘǼǣŸ¯ÝŘ_Þʳ Cash Flow Statement for the year then ended, and a summary of
ǣÞ¶ŘÞʩOŘǼOOŸȖŘǼÞŘ¶ƼŸĶÞOÞsǣŘ_ŸǼÌsǋsɮƼĶŘǼŸǋɴÞŘ¯ŸǋŎǼÞŸŘʰ
Other Matters Ř_ŸȖǋǋsƼŸǋǼ_Ǽs_ōǋOÌˡˢʰˡ˟ˠ˥sɮƼǋsǣǣs_ŘȖŘǇȖĶÞʩs_
Our report under Section 143(3)(i) of the Act on the adequacy ŸƼÞŘÞŸŘǼÌsǋsŸŘʳ
Ř_ŸƼsǋǼÞŘ¶s¯¯sOǼÞɚsŘsǣǣŸ¯ǼÌsÞŘǼsǋŘĶʩŘŘOÞĶOŸŘǼǋŸĶǣŸɚsǋ
ʩŘŘOÞĶǋsƼŸǋǼÞŘ¶Ÿ¯ǼÌsËŸĶ_ÞŘ¶NŸŎƼŘɴʰÞŘǣŸ¯ǋǣÞǼǋsĶǼsǣ For S R B C & CO LLP
to 2 subsidiary companies, which are companies incorporated in Chartered Accountants
India, is based on the corresponding reports of the auditors of ÝNÝ®ÞǋŎǊs¶ÞǣǼǋǼÞŸŘŗȖŎEsǋʲˢˡˣ˨˧ˡrˀrˢ˟˟˟ˢ
ǣȖOÌǣȖEǣÞ_ÞǋɴOŸŎƼŘÞsǣÞŘOŸǋƼŸǋǼs_ÞŘÝŘ_Þʳ
We also have audited, in accordance with the Standards on Vikram Mehta

Auditing issued by the Institute of Chartered Accountants of India Partner
ǣ ǣƼsOÞʩs_ ȖŘ_sǋ ǣsOǼÞŸŘ ˠˣˢʹˠ˟ʺ Ÿ¯ ǼÌs OǼʰ ǼÌs OŸŘǣŸĶÞ_Ǽs_ ōsŎEsǋǣÌÞƼŗȖŎEsǋʲˠ˟ˤ˨ˢ˧
ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ Ÿ¯ ǼÌs ËŸĶ_ÞŘ¶ NŸŎƼŘɴʰ ɠÌÞOÌ OŸŎƼǋÞǣs Place of Signature: Mumbai
the Consolidated Balance Sheet as at March 31, 2016, and the ^Ǽsʲōɴˡˢʰˡ˟ˠ˥
CONSOLIDATED BALANCE SHEET

as at March 31, 2016
` In Lacs
Note 2016 2015

EQUITY AND LIABILITIES
Shareholders’ funds
Share capital 4 ˠʰ˧ˠˠʳˡ˟ ˠʰ˧ˠ˟ʳˡˢ
Reserves and surplus 5 ˧ˡʰ˧˟ˡʳˣ˥ ˦˥ʰˠˤˤʳ˦ˣ
84,613.66 77,965.97
Minority Interest ˠ˥˨ʳ˦ˣ ˠˣˢʳ˦ˣ
Non-current liabilities
Long-term borrowings 6 ˦ˡ˦ʳˣˣ ˣˣʰ˨˟ˡʳˣˣ
^s¯sǋǋs_ǼɮĶÞEÞĶÞǼÞsǣʹŗsǼʺ ˦ ˡʰˤˢ˟ʳˢ˧ ˤˣʳˡˣ
Other long term liabilities ˧ ˣ˨˧ʳˤ˟ ˠ˥ʰˠˤ˦ʳ˦ˡ
Provisions ˨ ˠʰ˦˦˥ʳ˥ˤ ˠʰˢ˦˟ʳˣˡ
5,532.97 62,484.82
Current liabilities
Trade payables 10
Total outstanding dues of micro enterprises and small enterprises ˣʰ˦ˠ˧ʳˤˣ ˢʰ˦ˣˠʳ˦˧
Total outstanding dues of creditors other than micro enterprises and small enterprises ˠˠʰˢ˥ˤʳˤ˟ ˨ʰˤ˟ˤʳ˟ˠ
Other current liabilities 11 ˥ˣʰˤ˧ˤʳ˦˥ ˠˤʰ˦ˣ˧ʳ˦˥
Provisions ˨ ˤʰ˦ˢ˧ʳˤˢ ˠˡʰ˟˧ˡʳˣˠ
86,408.33 41,077.96
TOTAL 176,724.70 181,672.49
ASSETS
Non-current assets
®Þɮs_ǣǣsǼǣ
ʹÞʺ ǻŘ¶ÞEĶsǣǣsǼǣ 12 ˡ˦ʰ˦˨ˣʳ˧˟ ˡ˧ʰˢ˦ˠʳˡˠ
ʹÞÞʺ ÝŘǼŘ¶ÞEĶsǣǣsǼǣ 12 ˦˧ʰ˨˧ˡʳ˨ˢ ˦˨ʰ˟ˢˠʳ˟ˠ
ʹÞÞÞʺ NƼÞǼĶɠŸǋĨ˚ÞŘ˚ƼǋŸ¶ǋsǣǣ ˤˤˡʳˠ˧ ˠʰ˥ˠ˨ʳˣ˨
ʹÞɚʺ ÝŘǼŘ¶ÞEĶsǣǣsǼǣȖŘ_sǋ_sɚsĶŸƼŎsŘǼ ˡˣ˟ʳ˟˟ -
Non-current investments ˠˢ ˡʳˤ˨ ˠˣ˨ʳ˧˨
Loans and advances 14 ˡˢʰ˥˨˨ʳˣ˧ ˠ˦ʰ˥ˣˤʳ˥ˣ
Other assets 15 ˨ˢʳ˧˦ ˡˤ˟ʳ˨ˢ
131,365.85 127,068.17
Current assets
Current investments 16 ˧ʰˢˣˣʳ˟˟ ˠ˨ʰˡ˟ˠʳ˥ˣ
Inventories ˠ˦ ˠ˧ʰˡ˥ˤʳˤ˟ ˠ˧ʰˤˡ˟ʳˢ˥
Trade receivables ˠ˧ ˨ʰˣˠˠʳ˟ˢ ˤʰ˦ˣˠʳ˨˟
NǣÌŘ_DŘĨEĶŘOsǣ ˠ˨ ˥ʰˠˠ˨ʳ˧ˣ ˦ʰˣ˥ˡʳ˥˨
Loans and advances 14 ˡʰˤ˥ˠʳ˥ˤ ˢʰˠ˦ˣʳ˟˦
Other assets 15 ˥ˤ˥ʳ˧ˢ ˤ˟ˢʳ˥˥
45,358.85 54,604.32
TOTAL 176,724.70 181,672.49
ǢȖŎŎǋɴŸ¯ǣÞ¶ŘÞʩOŘǼOOŸȖŘǼÞŘ¶ƼŸĶÞOÞsǣ ˢ

ÝNÝ®ÞǋŎǊs¶ÞǣǼǋǼÞŸŘŗŸʳˢˡˣ˨˧ˡrˀrˢ˟˟˟˟ˢ

ōsŎEsǋǣÌÞƼŗŸʳʲˠ˟ˤ˨ˢ˧ ^Ýŗʲ˟˟ˤˤˢˣ˟˥ ^Ýŗʲ˟˟ˤ˟˥˥˧ˠ
ōsŎEsǋǣÌÞƼŗŸʳʲ®ˡˡ˨˦ ^Ýŗʲ˟ˡˡ˥ˢ˧ˣˤ
ƻĶOsʲōȖŎEÞ ƻĶOsʲōȖŎEÞ
^Ǽsʲōɴˡˢʰˡ˟ˠ˥ ^Ǽsʲōɴˡˢʰˡ˟ˠ˥
CONSOLIDATED STATEMENT OF PROFIT AND LOSS

` In Lacs
Note 2015-16 2014-15

REVENUE
Sales (net of trade discount) ˠ˥˥ʰ˟˧ˣʳ˦ˤ ˠˤˠʰˤ˨˥ʳ˦ˤ
ĵsǣǣʲrɮOÞǣs_ȖǼɴ ʹˤʰ˨ˠ˦ʳˢ˥ʺ ʹˤʰˡ˦ˡʳˢ˟ʺ
Net sales ˠ˥˟ʰˠ˥˦ʳˢ˨ ˠˣ˥ʰˢˡˣʳˣˤ
Sale of services ˣʰˢ˟ˤʳ˨ˣ ˣʰˡ˟ˤʳ˟ˡ
Other operating income 20 ˠ˧ˢʳˢ˨ ˨ˤˣʳ˟ˢ
Revenue from operations 164,656.72 151,483.50
Other income 21 ˠʰ˟ˡˤʳˣˤ ˤ˥ˡʳˣˤ
Total Revenue (I) 165,682.17 152,045.95
EXPENSES
Cost of raw material and components consumed 22 ˣ˨ʰ˥˥ˡʳ˨ˠ ˣ˥ʰ˦˦˥ʳˢˣ
Purchase of traded goods ˢ˟ʰˠˢˣʳˤˠ ˢˠʰˣ˧ˤʳ˥˧
ʹÝŘOǋsǣsʺˀ_sOǋsǣsÞŘÞŘɚsŘǼŸǋÞsǣŸ¯ʩŘÞǣÌs_¶ŸŸ_ǣʰɠŸǋĨ˚ÞŘ˚ƼǋŸ¶ǋsǣǣŘ_Ǽǋ_s_¶ŸŸ_ǣ ˡˢ ˠˠˤʳˢ˟ ʹˤˠˤʳ˨ˤʺ
rŎƼĶŸɴssEsŘsʩǼǣsɮƼsŘǣs 24 ˠ˥ʰ˥ˠ˟ʳˡˡ ˠˤʰ˟ˡ˥ʳˠˣ
rŎƼĶŸɴssǣǼŸOĨŸƼǼÞŸŘsɮƼsŘǣsǣ 24 ˠʰ˦ˤ˟ʳˡ˥ ˡʰ˧˦ˠʳˠˢ
ŷǼÌsǋsɮƼsŘǣsǣ 25 ˣˣʰˢ˦ˢʳ˨ˤ ˢ˨ʰˤˢ˨ʳˠ˟
Total Expense (II) 142,647.15 135,182.44
EARNINGS BEFORE INTEREST, TAX, DEPRECIATION,
AMORTIZATION AND IMPAIRMENT (EBITDA) (I) – (II) 23,035.02 16,863.51
^sƼǋsOÞǼÞŸŘʰŎŸǋǼÞǣǼÞŸŘŘ_ÞŎƼÞǋŎsŘǼ 12 ˢʰˠˣ˟ʳˠˤ ˢʰˡˤˣʳˤˤ

Finance Costs 26 ˥˟ˢʳˢ˟ ˠʰˢ˦˥ʳ˦˥
Interest Income ˡ˦ ˣˢˣʳ˥˦ ˣˡ˨ʳ˥˥
PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX 19,726.24 12,661.86
rɮOsƼǼÞŸŘĶÝǼsŎ 42 - ˡ˟˨ʳˠ˧
PROFIT BEFORE TAX 19,726.24 12,452.68
NȖǋǋsŘǼǼɮʹōǻʺ ˣʰˢˠˣʳˢ˧ ˢʰ˟˧˦ʳ˟˥
Less MAT credit entitlement ʹˡʰ˧˥˟ʳ˟ˢʺ ʹˢʰ˟˧ˣʳ˦ˤʺ
˚ŗsǼNȖǋǋsŘǼǻɮ 1,454.35 2.31
˚^s¯sǋǋs_ǼɮOÌǋ¶sˀʹOǋs_ÞǼʺ ˡʰˣ˦˥ʳˠˣ ʹ˥˟ʳˤˠʺ
˚rɮOsǣǣǼɮƼǋŸɚÞǣÞŸŘˀōǻOǋs_ÞǼǋsɚsǋǣĶŸ¯sǋĶÞsǋɴsǋǣ - ˣˠˡʳˣˤ
PROFIT AFTER TAX 15,795.75 12,098.43
ōÞŘŸǋÞǼɴǢÌǋsʹǣÌǋsÞŘĶŸǣǣʺ ʹ˟ʳˡ˨ʺ ʹˠˢʳ˨˥ʺ
PROFIT AFTER TAX AND MINORITY SHARE 15,796.04 12,112.39
rǊŗÝŗµǢƻrǊǢËǊrʹrƻǢʺ
DǣÞOʹ`ʺ 41 ˧ʳ˦ˡ ˥ʳ˥˨
^ÞĶȖǼs_ʹ`ʺ 41 ˧ʳ˥˟ ˥ʳ˥ˤ
ŗŸŎÞŘĶɚĶȖsƼsǋǣÌǋsʹ`ʺ ˠʳ˟˟ ˠʳ˟˟
ǢȖŎŎǋɴŸ¯ǣÞ¶ŘÞʩOŘǼOOŸȖŘǼÞŘ¶ƼŸĶÞOÞsǣ ˢ


CONSOLIDATED STATEMENT OF CASH FLOWS

` In Lacs
2015-16 2014-15
A. CASH FLOWS PROVIDED BY/(USED IN) OPERATING ACTIVITIES:

ƻǋŸʩǼEs¯Ÿǋsǻɮ ˠ˨ʰ˦ˡ˥ʳˡˣ ˠˡʰˣˤˡʳ˥˧
_ĠȖǣǼŎsŘǼǼŸǋsOŸŘOÞĶsƼǋŸʩǼEs¯ŸǋsǼɮǼŸŘsǼOǣÌʪŸɠʲ
^sƼǋsOÞǼÞŸŘʰŎŸǋǼÞǣǼÞŸŘŘ_ÞŎƼÞǋŎsŘǼʹŘsǼʺ ˢʰˠˣ˟ʳˠˤ ˢʰˡˤˣʳˤˤ
ĵŸǣǣŸŘʩɮs_ǣǣsǼǣ_ÞǣOǋ_s_ ˠˠˤʳ˟˧ ˠˢˣʳˠˣ
ƻǋŸʩǼŸŘǣĶsŸ¯ʩɮs_ǣǣsǼǣ ʹˣ˧ʳ˨˟ʺ ʹˠ˥ʳˠ˦ʺ
ƻǋŸʩǼŸŘǣĶsŸ¯OȖǋǋsŘǼÞŘɚsǣǼŎsŘǼǣ ʹ˨ˢˣʳ˦ˠʺ ʹˤ˟˟ʳ˨ˢʺ
ÝŘǼsǋsǣǼŘ_ʩŘŘOsOÌǋ¶sǣ ˥˟ˢʳˢ˟ ˠʰˢ˦˥ʳ˦˥
Interest income ʹˣˢˣʳ˥˦ʺ ʹˣˡ˨ʳ˥˥ʺ
ĵÞEÞĶÞǼÞsǣŘŸĶŸŘ¶sǋǋsǇȖÞǋs_ɠǋÞǼǼsŘEOĨʹŘsǼʺ - ʹˢ˧˨ʳˠ˦ʺ
^Þ¯¯sǋsŘǼÞĶǻǋÞ¯¯ǼŸɠǋ_ǣƼŸɠsǋŘ_¯ȖsĶsɮƼsŘǣsǣŸ¯sǋĶÞsǋɴsǋǣ - ʹˣ˟˟ʳˢˠʺ
®ŸǋsÞ¶ŘsɮOÌŘ¶sʪȖOǼȖǼÞŸŘ¶ÞŘʹŘsǼʺ ʹˠˣʳˣ˦ʺ ʹˠˢʳˤˠʺ
ƻǋŸɚÞǣÞŸŘ¯Ÿǋ_ŸȖEǼ¯ȖĶ_sEǼǣˀE__sEǼɠǋÞǼǼsŘŸ¯¯ ˡˢʳ˨ˠ ˠˢ˟ʳˡˠ
Provision for doubtful advances ˦ˣʳ˥˦ ˠˣʳˣˢ
rŎƼĶŸɴssǣǼŸOĨŸƼǼÞŸŘsɮƼsŘǣsǣ ˠʰ˦ˤ˟ʳˡ˥ ˡʰ˧˦ˠʳˠˢ
ŷƼsǋǼÞŘ¶ƼǋŸʩǼEs¯ŸǋsɠŸǋĨÞŘ¶OƼÞǼĶOÌŘ¶sǣ 24,000.86 18,484.15
ōŸɚsŎsŘǼǣÞŘɠŸǋĨÞŘ¶OƼÞǼĶʲ
ÝŘOǋsǣsˀʹ_sOǋsǣsʺÞŘǼǋ_sƼɴEĶsǣ ˡʰ˧ˤ˥ʳˢˢ ˡʰˢ˨˧ʳ˥˦
ÝŘOǋsǣsˀʹ_sOǋsǣsʺÞŘƼǋŸɚÞǣÞŸŘǣ ˣˢ˦ʳ˧ˤ ˤ˟˨ʳ˨˦
ÝŘOǋsǣsˀʹ_sOǋsǣsʺÞŘŸǼÌsǋĶÞEÞĶÞǼÞsǣ ˠʰˢ˧ˠʳˣˢ ʹ˥ˡˢʳˡ˦ʺ
^sOǋsǣsˀʹÞŘOǋsǣsʺÞŘǼǋ_sǋsOsÞɚEĶsǣ ʹˢʰ˥˦˧ʳˤ˦ʺ ˧ˡˣʳˢ˦
^sOǋsǣsˀʹÞŘOǋsǣsʺÞŘÞŘɚsŘǼŸǋÞsǣ ˡˤˣʳ˧˥ ʹˠʰˠˣ˟ʳˢˢʺ
^sOǋsǣsˀʹÞŘOǋsǣsʺÞŘĶŸŘǣŘ__ɚŘOsǣ ʹ˨˧˥ʳ˟˦ʺ ˠˤ˦ʳ˟˨
^sOǋsǣsˀʹÞŘOǋsǣsʺÞŘŸǼÌsǋOȖǋǋsŘǼǣǣsǼǣ ˤˠʳ˨˥ ˠ˧˨ʳ˨˥
Cash generated from operations 24,318.65 20,800.61
ǻɮsǣƼÞ_ʹŘsǼʺ ʹˤʰˠ˦ˠʳ˦˥ʺ ʹˣʰˠ˦˟ʳ˧˥ʺ
Net cash (Used in) / generated from operating activities (A) 19,146.89 16,629.75
B. CASH FLOWS PROVIDED BY/(USED IN) INVESTING ACTIVITIES:
ƻȖǋOÌǣsŸ¯ʩɮs_ǣǣsǼǣÞŘOĶȖ_ÞŘ¶OƼÞǼĶɠŸǋĨ˚ÞŘ˚ƼǋŸ¶ǋsǣǣŘ_NƼÞǼĶ_ɚŘOsǣ ʹˡʰ˦ˣ˟ʳ˦˧ʺ ʹˠʰ˦˟˦ʳ˟ˣʺ
ƻǋŸOss_ǣ¯ǋŸŎǣĶsŸ¯ʩɮs_ǣǣsǼǣ ˠ˥˨ʳˤˤ ˥˥ʳ˥ˤ
ƻǋŸOss_ǣ¯ǋŸŎˀʹÝŘɚsǣǼŎsŘǼÞŘʩɮs__sƼŸǣÞǼʺʻÌɚÞŘ¶ŸǋÞ¶ÞŘĶŎǼȖǋÞǼɴŸ¯ŎŸǋsǼÌŘǼÌǋssŎŸŘǼÌǣʼ ˠʰˡˢˢʳˣ˦ ʹˠʰ˧˥˟ʳˢˠʺ
ƻǋŸʩǼŸŘǣĶsŸ¯OȖǋǋsŘǼÞŘɚsǣǼŎsŘǼǣ ˨ˢˣʳ˦ˠ ˤ˟˟ʳ˨ˢ
Interest Income received ˣˢ˥ʳ˥˧ ˣˢˠʳˢˣ
Net cash (Used in) / generated from investing activities (B) 33.63 (2,568.43)
Corporate Overview Performance Governance Financial Statements ˠˣ˦
CONSOLIDATED STATEMENT OF CASH FLOWS

` In Lacs
2015-16 2014-15
C. CASH FLOWS PROVIDED BY/(USED IN) FINANCING ACTIVITIES:

ÝŘǼsǋsǣǼŘ_ʩŘŘOsOÌǋ¶sǣƼÞ_ ʹ˨˧ˡʳˢˣʺ ʹˠʰˢ˥˦ʳˠ˧ʺ
ĶĶŸǼŎsŘǼŸ¯sǇȖÞǼɴǣÌǋsǣȖŘ_sǋrǢŷƻǢOÌsŎs ˟ʳ˨˦ -
ƻǋŸOss_ǣ¯ǋŸŎˀʹǊsƼɴŎsŘǼŸ¯ʺĶŸŘ¶˚ǼsǋŎEŸǋǋŸɠÞŘ¶ǣ ʹˠˠʰ˥˦ˤʳ˟˟ʺ ˢʰ˧ˠ˟ʳˤ˟
Repayment of Deferred Payment Liability ʹˠ˧˟ʳ˟˟ʺ -
Proceed from issue of shares by subsidiary ˡ˥ʳˡ˨ -
rɮƼsŘ_ÞǼȖǋsÞŘOȖǋǋs_ŸŘÞǣǣȖsŸ¯^sEsŘǼȖǋsǣ - ʹˠˤʳ˟˟ʺ
Dividend paid ʹˠˣʰˣ˧ˤʳ˦ˢʺ ʹˢʰ˥ˡ˟ʳˣ˦ʺ
^ÞɚÞ_sŘ_ǼɮƼÞ_ ʹˡʰ˨ˣ˧ʳ˨ˤʺ ʹ˥ˠˤʳˢ˟ʺ
ŗsǼOǣÌʹȕǣs_ÞŘʺˀ¶sŘsǋǼs_¯ǋŸŎʩŘŘOÞŘ¶OǼÞɚÞǼÞsǣʹNʺ (30,244.76) (1,807.45)
Net increase / (decrease) in cash and cash equivalents (A+B+C) (11,064.24) 12,253.87
Cash and cash equivalents at the beginning of the year ˡˠʰ˦˦ˤʳ˥ˣ ˨ʰˤˡˠʳ˦˦
Cash and cash equivalents at the end of the year 10,711.40 21,775.64
Components of cash and cash equivalents
Cash in hand ˢ˦ʳ˧ˣ ˣˡʳ˥˨
DĶŘOsɠÞǼÌǣOÌs_ȖĶs_EŘĨǣ˚NȖǋǋsŘǼOOŸȖŘǼ ˠʰ˦˥ˣʳ˨˥ ˡʰˣ˦˦ʳ˨˦
- Deposit account ˣˡˤʳˢˡ -
Unclaimed dividend accounts * ˠˢ˨ʳˡ˧ ˤˢʳˢˣ
Cash and cash equivalents (Note 19) 2,367.40 2,574.00
ōȖǼȖĶ®ȖŘ_ÝŘɚsǣǼŎsŘǼǣʹŗŸǼsˠ˥ʺ ˧ʰˢˣˣʳ˟˟ ˠ˨ʰˡ˟ˠʳ˥ˣ
NǣÌŘ_OǣÌsǇȖÞɚĶsŘǼǣOŸŘǣÞ_sǋs_¯ŸǋOǣÌʪŸɠǣǣǼǼsŎsŘǼ 10,711.40 21,775.64
* Not available for use by the management for any other purpose
ǢȖŎŎǋɴŸ¯ǣÞ¶ŘÞʩOŘǼOOŸȖŘǼÞŘ¶ƼŸĶÞOÞsǣŗŸǼsˢ


ˠˣ˧ Jyothy Laboratories Limited
NOTES
to the Consolidated Financial Statements for the year ended March 31, 2016
NOTE 1 - BACKGROUND Eʺ ǻÌs OŸŘǣŸĶÞ_Ǽs_ ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ Ÿ¯ ǼÌs µǋŸȖƼ Ìɚs EssŘ
ǻÌsNŸŘǣŸĶÞ_Ǽs_ʩŘŘOÞĶǣǣǼǼsŎsŘǼOŸŎƼǋÞǣsǼÌsʩŘŘOÞĶǣǼǼsŎsŘǼǣ OŸŘǣŸĶÞ_Ǽs_ŸŘĶÞŘs˚Eɴ˚ĶÞŘsEǣÞǣEɴ__ÞŘ¶ǼŸ¶sǼÌsǋǼÌsEŸŸĨ
Ÿ¯ ğɴŸǼÌɴ ĵEŸǋǼŸǋÞsǣ ĵÞŎÞǼs_ ʹ˄ǼÌs NŸŎƼŘɴ˅ʺ Ř_ ÞǼǣ ǣȖEǣÞ_ÞǋÞsǣ ɚĶȖsǣ Ÿ¯ ǣȖEǣÞ_Þǋɴ OŸŎƼŘÞsǣ ĶÞĨs ÞǼsŎǣ Ÿ¯ ǣǣsǼǣʰ ĶÞEÞĶÞǼÞsǣʰ
ÌsǋsÞŘ¯Ǽsǋǋs¯sǋǋs_ǼŸǣ˄ǼÌsµǋŸȖƼ˅ʳǻÌsµǋŸȖƼÞǣƼǋÞŘOÞƼĶĶɴsŘ¶¶s_ ÞŘOŸŎs Ř_ sɮƼsŘǣsǣʰ ¯Ǽsǋ sĶÞŎÞŘǼÞŘ¶ ÞŘǼǋ˚¶ǋŸȖƼ EĶŘOsǣ
ÞŘŎŘȖ¯OǼȖǋÞŘ¶Ř_ŎǋĨsǼÞŘ¶Ÿ¯¯EǋÞOɠÌÞǼsŘsǋǣʰǣŸƼǣʰ_sǼsǋ¶sŘǼǣʰ Ř_ ǼÌs ȖŘǋsĶÞǣs_ ƼǋŸʩǼǣ ˀ ȖŘǋsĶÞǣs_ ĶŸǣǣsǣ ŸŘ ÞŘǼǋ˚¶ǋŸȖƼ
ŎŸǣǇȖÞǼŸOŸÞĶǣŘ_ÞŘOsŘǣsǣǼÞOĨǣŘ_ĶǣŸƼǋŸɚÞ_sǣĶȖŘ_ǋɴŘ__ǋɴ
ǼǋŘǣOǼÞŸŘǣǣƼsǋOOŸȖŘǼÞŘ¶ǢǼŘ_ǋ_ˡˠʹǢˡˠʺˆNŸŘǣŸĶÞ_Ǽs_
OĶsŘÞŘ¶ǣsǋɚÞOsǣʳ
®ÞŘŘOÞĶ ǢǼǼsŎsŘǼǣˇʳ ǻÌs ǋsǣȖĶǼǣ Ÿ¯ ǣȖEǣÞ_ÞǋÞsǣ ǋs ÞŘOĶȖ_s_
NOTE 2 - BASIS OF PREPARATION OF FINANCIAL STATEMENTS ¯ǋŸŎǼÌs_ǼsŸ¯OǇȖÞǣÞǼÞŸŘŸ¯OŸŘǼǋŸĶĶÞŘ¶ÞŘǼsǋsǣǼʳǻÌssɮOsǣǣˀ
ʺ ǻÌs ʩŘŘOÞĶ ǣǼǼsŎsŘǼǣ Ÿ¯ ǼÌs µǋŸȖƼ Ìɚs EssŘ ƼǋsƼǋs_ ÞŘ shortfall of cost to the Group of its investments in the subsidiary
accordance with generally accepted accounting principles in OŸŎƼŘÞsǣÞǣǋsOŸ¶ŘÞǣs_ÞŘǼÌsʩŘŘOÞĶǣǼǼsŎsŘǼǣǣ¶ŸŸ_ɠÞĶĶˀ
ÝŘ_Þ ʹÝŘ_ÞŘ µƻʺʳ ǻÌs µǋŸȖƼ Ìǣ ƼǋsƼǋs_ ǼÌsǣs ʩŘŘOÞĶ OƼÞǼĶǋsǣsǋɚsǣʰǣǼÌsOǣsŎɴEsʳµŸŸ_ɠÞĶĶŸŘOŸŘǣŸĶÞ_ǼÞŸŘÞǣ
statements to comply in all material respects with the accounting
ǼsǣǼs_¯ŸǋÞŎƼÞǋŎsŘǼǼsɚsǋɴǋsƼŸǋǼÞŘ¶_Ǽsʳ
ǣǼŘ_ǋ_ǣŘŸǼÞʩs_ȖŘ_sǋǣsOǼÞŸŘˠˢˢŸ¯ǼÌsNŸŎƼŘÞsǣOǼˡ˟ˠˢʰ
ǋs_ ǼŸ¶sǼÌsǋ ɠÞǼÌ Ƽǋ¶ǋƼÌ ˦ Ÿ¯ ǼÌs NŸŎƼŘÞsǣ ʹOOŸȖŘǼǣʺ
ǊȖĶsǣˡ˟ˠˣʳǻÌsʩŘŘOÞĶǣǼǼsŎsŘǼǣÌɚsEssŘƼǋsƼǋs_ȖŘ_sǋ Oʺ ōÞŘŸǋÞǼɴ ÞŘǼsǋsǣǼ ÞŘ ŘsǼ ǣǣsǼ Ÿ¯ OŸŘǣŸĶÞ_Ǽs_ ǣȖEǣÞ_Þǋɴ OŸŘǣÞǣǼ
ǼÌsÌÞǣǼŸǋÞOĶOŸǣǼOŸŘɚsŘǼÞŸŘŸŘŘOOǋȖĶEǣÞǣsɮOsƼǼÞŘOǣsŸ¯ of the amount of equity attributable to the minority shareholders
assets which has been recorded on fair value and assets for which at the dates on which investments are made by the company in
ƼǋŸɚÞǣÞŸŘ¯ŸǋÞŎƼÞǋŎsŘǼÞǣŎ_sʳǻÌsOOŸȖŘǼÞŘ¶ƼŸĶÞOÞsǣÌɚs subsidiary companies and further movement in their share in
been consistently applied by the Group and are consistent with
sǇȖÞǼɴʰǣȖEǣsǇȖsŘǼǼŸǼÌs_ǼsǣŸ¯ÞŘɚsǣǼŎsŘǼʳ
ǼÌŸǣsȖǣs_ÞŘǼÌsƼǋsɚÞŸȖǣɴsǋʳ
_ʺ ǻÌsNŸŘǣŸĶÞ_Ǽs_®ÞŘŘOÞĶǢǼǼsŎsŘǼǣ¯ŸǋǼÌsɴsǋsŘ_s_ōǋOÌˢˠʰˡ˟ˠ˥ÞŘOĶȖ_sǣǼÌsʩŘŘOÞĶǣǼǼsŎsŘǼǣŸ¯ǼÌs¯ŸĶĶŸɠÞŘ¶ǣȖEǣÞ_ÞǋÞsǣʲ
Name of the Company Country of ƻsǋOsŘǼ¶sŸ¯ŸɠŘsǋǣÌÞƼsÞǼÌsǋ_ÞǋsOǼĶɴŸǋ

incorporation indirectly through subsidiaries as at
March 31, 2016 ōǋOÌˢˠʰˡ˟ˠˤ
(a) Direct Subsidiaries

ˠʳ ǣǣŸOÞǼs_ÝŘ_ȖǣǼǋÞsǣNŸŘǣȖŎsǋƻǋŸ_ȖOǼǣƻɚǼĵǼ_̱ India ʹŗŸǼsÝÝʺ ˠ˟˟ʳ˟˟
ˡʳ ğɴŸǼÌɴ®EǋÞOǋsǢsǋɚÞOsǣĵÞŎÞǼs_ India ˦ˤʳˠ˟ ˦ˤʳˠ˟
ˢʳ ğɴŸǼÌɴNŸŘǣȖŎsǋƻǋŸ_ȖOǼǣĵǼ_ India ʹŗŸǼsÝÝʺ ʹŗŸǼsÝÝʺ
ˣʳ ğɴŸǼÌɴħĶĶŸĶDŘ¶Ķ_sǣÌĵÞŎÞǼs_ Bangladesh ˦ˤʳ˟˟ ˦ˤʳ˟˟
ˤʳ ğɴŸǼÌɴNŸŘǣȖŎsǋƻǋŸ_ȖOǼǣōǋĨsǼÞŘ¶ĵǼ_ India ˠ˟˟ʳ˟˟ ˠ˟˟ʳ˟˟
(b) Indirect Subsidiaries *
˥ʳ ǢŘŸɠɴǣĵȖŘ_ǋsǋǣŘ_^ǋɴOĶsŘsǋǣƻɚǼʳĵǼ_ʹŗŸǼsÝʺ India ˢ˥ʳ˧˟ ˢ˥ʳ˧˟
˦ʳ ^ÞŎŸŘ_®EOǋsƻǋÞɚǼsĵÞŎÞǼs_ India ʹŗŸǼsÝÝʺ ʹŗŸǼsÝÝʺ
˧ʳ ĨǣÌNĶsŘsǋǣƻǋÞɚǼsĵÞŎÞǼs_ India ʹŗŸǼsÝÝʺ ʹŗŸǼsÝÝʺ
˨ʳ ®ENĶsŘ˓NǋsƻǋÞɚǼsĵÞŎÞǼs_ India ʹŗŸǼsÝÝʺ ʹŗŸǼsÝÝʺ
ˠ˟ʳ ®ŸȖǋǢsǣŸŘǣ^ǋɴNĶsŘÞŘ¶NŸʳƻǋÞɚǼsĵÞŎÞǼs_ India ˦ˤʳˠ˟ ˦ˤʳˠ˟
ˠˠʳ ğ®Ǣĵ˚ğĵĵʹğəʺ India ˧ˠʳˢˡ ˧ˠʳˢˡ
ˎr¯¯sOǼÞɚsÌŸĶ_ÞŘ¶̇Ÿ¯NŸŎƼŘɴ_ÞǋsOǼĶɴŘ_ÞŘ_ÞǋsOǼĶɴǼÌǋŸȖ¶ÌÞǼǣǣȖEǣÞ_ÞǋÞsǣʳ
̱ōsǋ¶s_ɠÞǼÌğɴŸǼÌɴNŸŘǣȖŎsǋƻǋŸ_ȖOǼǣōǋĨsǼÞŘ¶ĵÞŎÞǼs_ɠʳsʳ¯ʳ˟ˠƼǋÞĶʰˡ˟ˠˣ
ŗŸǼsʲ
Ý ğɴŸǼÌɴ®EǋÞOǋsǢsǋɚÞOsǣĵÞŎÞǼs_Ìǣˣ˨̇ǣÌǋsÞŘǢŘŸɠɴǣĵȖŘ_ǋsǋǣ˓^ǋɴOĶsŘsǋǣƻɚǼʳĵǼ_Ř_ÌǣsŘǼsǋs_ÞŘǼŸ¶ǋssŎsŘǼɠÌÞOÌsŘEĶs
ÞǼǼŸOŸŘǼǋŸĶǼÌsOŸŎƼŸǣÞǼÞŸŘŸ¯ǼÌsDŸǋ_Ÿ¯^ÞǋsOǼŸǋǣŸ¯ǼÌsĶǼǼsǋʰŎĨÞŘ¶ÞǼǣȖEǣÞ_ÞǋɴOŸŎƼŘɴŸ¯ğɴŸǼÌɴ®EǋÞOǋsǢsǋɚÞOsǣĵÞŎÞǼs_ʳ
ÝÝ ǻÌsǣssŘǼÞǼÞsǣÌɚsEssŘŎsǋ¶s_ɠÞǼÌǼÌsNŸŎƼŘɴŸǋÞǼǣǣȖEǣÞ_ÞǋÞsǣȖŘ_sǋŘƼƼǋŸɚs_ǣOÌsŎsŸ¯ŎĶ¶ŎǼÞŸŘŸ¯ËÞ¶ÌNŸȖǋǼÞŘsǋĶÞsǋ
ɴsǋǣʳǻÌsǋsÞǣŘŸÞŎƼOǼŸ¯ǼÌÞǣŎsǋ¶sǋŸŘǼÌsOŸŘǣŸĶÞ_Ǽs_ʩŘŘOÞĶǣǼǼsŎsŘǼǣŸ¯ǼÌsµǋŸȖƼʰǣÞŘOsǼÌsEȖǣÞŘsǣǣɠǣĶǋs_ɴÞŘOĶȖ_s_ÞŘǼÌs
OŸŘǣŸĶÞ_Ǽs_ʩŘŘOÞĶǣǼǼsŎsŘǼǣŸ¯sǋĶÞsǋɴsǋǣʳ
Corporate Overview Performance Governance Financial Statements ˠˣ˨
NOTES
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES and the carrying amount of the asset and are recognized in the
ǻÌsǣÞ¶ŘÞʩOŘǼOOŸȖŘǼÞŘ¶ƼŸĶÞOÞsǣ_ŸƼǼs_EɴǼÌsµǋŸȖƼʰÞŘǋsǣƼsOǼŸ¯
ǼÌsOŸŘǣŸĶÞ_Ǽs_ʩŘŘOÞĶǣǼǼsŎsŘǼǣǋsǣ¯ŸĶĶŸɠǣʲ d) Depreciation and amortisation
a) Use of estimates Depreciation is provided using the Straight Line Method as per
ǼÌsȖǣs¯ȖĶĶÞɚsǣŸ¯ǼÌsǣǣsǼǣsǣǼÞŎǼs_EɴǼÌsŎŘ¶sŎsŘǼʳ
ǻÌsƼǋsƼǋǼÞŸŘŸ¯ʩŘŘOÞĶǣǼǼsŎsŘǼǣʰÞŘOŸŘ¯ŸǋŎÞǼɴɠÞǼÌÝŘ_ÞŘ
µƻǋsǇȖÞǋsǣŎŘ¶sŎsŘǼǼŸŎĨsĠȖ_¶ŎsŘǼǣʰsǣǼÞŎǼsǣŘ_ ǻÌssǣǼÞŎǼs_Ȗǣs¯ȖĶĶÞ¯sŸ¯ǼÌsǣǣsǼǣÞǣǣ¯ŸĶĶŸɠǣʲ
ǣǣȖŎƼǼÞŸŘǣ ǼÌǼ ¯¯sOǼ ǼÌs ǋsƼŸǋǼs_ ŎŸȖŘǼǣ Ÿ¯ ǋsɚsŘȖsǣ ʰ
Category Estimated useful
sɮƼsŘǣsǣʰǣǣsǼǣʰĶÞEÞĶÞǼÞsǣŘ__ÞǣOĶŸǣȖǋsŸ¯OŸŘǼÞŘ¶sŘǼĶÞEÞĶÞǼÞsǣ
life (in years)
ǼǼÌssŘ_Ÿ¯ǼÌsǋsƼŸǋǼÞŘ¶ƼsǋÞŸ_ʳĶǼÌŸȖ¶ÌǼÌsǣssǣǼÞŎǼsǣǋs
Factory Buildings ˠ˟˚ˢ˟
Eǣs_ ȖƼŸŘ ŎŘ¶sŎsŘǼ˅ǣ EsǣǼ ĨŘŸɠĶs_¶s Ÿ¯ OȖǋǋsŘǼ sɚsŘǼǣ DȖÞĶ_ÞŘ¶ʹŷǼÌsǋǼÌŘ®OǼŸǋɴDȖÞĶ_ÞŘ¶ʺ ˢ˟˚˥˟
Ř_OǼÞŸŘǣʰȖŘOsǋǼÞŘǼɴEŸȖǼǼÌsǣsǣǣȖŎƼǼÞŸŘǣŘ_sǣǼÞŎǼsǣ DȖÞĶ_ÞŘ¶ʹ®sŘOsǣŘ_ǼsŎƼŸǋǋɴǣǼǋȖOǼȖǋsʺ ˢ˚˥
OŸȖĶ_ǋsǣȖĶǼÞŘǼÌsŸȖǼOŸŎsǣǋsǇȖÞǋÞŘ¶ŎǼsǋÞĶ_ĠȖǣǼŎsŘǼǼŸ Plant and machinery ˠˢ˚ˠˤ
ǼÌsOǋǋɴÞŘ¶ŎŸȖŘǼǣŸ¯ǣǣsǼǣŸǋĶÞEÞĶÞǼÞsǣÞŘ¯ȖǼȖǋsƼsǋÞŸ_ǣʳ ®ȖǋŘÞǼȖǋsŘ_ʩɮǼȖǋsǣ 5-10
ĵsǣsÌŸĶ_ÝŎƼǋŸɚsŎsŘǼǣʹŷȖǼĶsǼǣŸŘĶsǣsʺ ˢ
Eʺ ǻŘ¶ÞEĶsʩɮs_ǣǣsǼǣ
Dies and moulds ˢ
®Þɮs_ ǣǣsǼǣ ǋs ÞŘÞǼÞĶĶɴ ǋsOŸǋ_s_ Ǽ OŸǣǼ ʳ NŸǣǼ OŸŎƼǋÞǣsǣ ǼÌs Computers ˢ˚˥
purchase price and any directly attributable cost of bringing the ŷ¯ʩOssǇȖÞƼŎsŘǼǣ 5
əsÌÞOĶsǣ 6-10
ǣǣsǼ ǼŸ ÞǼǣ ɠŸǋĨÞŘ¶ OŸŘ_ÞǼÞŸŘ ¯Ÿǋ ÞǼǣ ÞŘǼsŘ_s_ Ȗǣsʳ ǻÌs OŸǣǼ Ÿ¯
ħŘŸɠ˚ÌŸɠ ˢ˚ˤ
the tangible assets acquired in an amalgamation in the nature
ǻǋ_sŎǋĨǣŘ_NŸƼɴǋÞ¶ÌǼǣ ˨˚ˠ˟
Ÿ¯ ƼȖǋOÌǣs Þǣ ǼÌsÞǋ ¯Þǋ ɚĶȖs ǣ Ǽ ǼÌs _Ǽs Ÿ¯ ŎĶ¶ŎǼÞŸŘʳ
Softwares and Licences 10
®ŸĶĶŸɠÞŘ¶ ÞŘÞǼÞĶ ǋsOŸ¶ŘÞǼÞŸŘʰ ǼŘ¶ÞEĶs ǣǣsǼǣ ǋs OǋǋÞs_ Ǽ OŸǣǼ
ĶsǣǣOOȖŎȖĶǼs__sƼǋsOÞǼÞŸŘŘ_ÞŎƼÞǋŎsŘǼĶŸǣǣsǣʰÞ¯Řɴʳ The goodwill purchased is not amortised but tested for
ÞŎƼÞǋŎsŘǼ ƼȖǋƼŸǣsǣ ¯Ÿǋ sɚsǋɴ ɴsǋʳ ǣǣsǼǣ OŸǣǼÞŘ¶ Ķsǣǣ ǼÌsŘ
ǢȖEǣsǇȖsŘǼ sɮƼsŘ_ÞǼȖǋs ǋsĶǼs_ ǼŸ Ř ÞǼsŎ Ÿ¯ ʩɮs_ ǣǣsǼ Þǣ
` ˤʰ˟˟˟ ǋs _sƼǋsOÞǼs_ Ǽ ǼÌs ǋǼs Ÿ¯ ˠ˟˟ ̇ʳ ĵsǣsÌŸĶ_ ĶŘ_ Þǣ
__s_ ǼŸ ÞǼǣ EŸŸĨ ɚĶȖs ŸŘĶɴ Þ¯ ÞǼ ÞŘOǋsǣsǣ ǼÌs ¯ȖǼȖǋs EsŘsʩǼǣ
amortised over the period of the lease on a straight-line basis
¯ǋŸŎǼÌssɮÞǣǼÞŘ¶ǣǣsǼEsɴŸŘ_ÞǼǣƼǋsɚÞŸȖǣĶɴǣǣsǣǣs_ǣǼŘ_ǋ_
ɠÌÞOÌǋŘ¶sǣEsǼɠssŘ˥˟˚˨˟ɴsǋǣʳ
Ÿ¯ Ƽsǋ¯ŸǋŎŘOsʳ ĶĶ ŸǼÌsǋ sɮƼsŘǣsǣ ŸŘ sɮÞǣǼÞŘ¶ ʩɮs_ ǣǣsǼǣʰ
ÞŘOĶȖ_ÞŘ¶ _ɴ˚ǼŸ˚_ɴ ǋsƼÞǋ Ř_ ŎÞŘǼsŘŘOs sɮƼsŘ_ÞǼȖǋs Ř_ ǻÌs ŎŘ¶sŎsŘǼ Ìǣ sǣǼÞŎǼs_ʰ ǣȖƼƼŸǋǼs_ Eɴ ÞŘ_sƼsŘ_sŘǼ
OŸǣǼŸ¯ǋsƼĶOÞŘ¶ƼǋǼǣʰǋsOÌǋ¶s_ǼŸǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ ǣǣsǣǣŎsŘǼ Eɴ ƼǋŸ¯sǣǣÞŸŘĶǣʰ ǼÌs Ȗǣs¯ȖĶ ĶÞɚsǣ Ÿ¯ ǼÌs ¯ŸĶĶŸɠÞŘ¶
ĶŸǣǣ¯ŸǋǼÌsƼsǋÞŸ__ȖǋÞŘ¶ɠÌÞOÌǣȖOÌsɮƼsŘǣsǣǋsÞŘOȖǋǋs_ʳ OĶǣǣsǣ Ÿ¯ ǣǣsǼǣ ʹɠÌÞOÌ ɠsǋs ǼĨsŘ Ÿɚsǋ _ȖǋÞŘ¶ ǼÌs Ŏsǋ¶sǋ Ÿ¯
sǋǣǼɠÌÞĶs ğɴŸǼÌɴ NŸŘǣȖŎsǋ ƻǋŸ_ȖOǼǣ ĵÞŎÞǼs_ʺʰ ɠÌÞOÌ ǋs ĶŸɠsǋ
Gains or losses arising from derecognition of tangible assets are
ǼÌŘǼÌŸǣsÞŘ_ÞOǼs_ÞŘǢOÌs_ȖĶsÝÝʳ
measured as the difference between the net disposal proceeds
and the carrying amount of the asset and are recognized in the Category Estimated useful
ǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣɠÌsŘǼÌsǣǣsǼÞǣ_sǋsOŸ¶ŘÞʊs_ʳ life (in years)
Factory Buildings 10
ǻÌs ¶ǋŸȖƼ Þ_sŘǼÞʩsǣ Ř_ _sǼsǋŎÞŘsǣ OŸǣǼ Ÿ¯ ǣǣsǼ ǣÞ¶ŘÞʩOŘǼ
DȖÞĶ_ÞŘ¶ʹŷǼÌsǋǼÌŘ®OǼŸǋɴDȖÞĶ_ÞŘ¶ʺ ˢ˟
to the total cost of the asset having useful life that is materially Plant and machinery ˠˢ
_Þ¯¯sǋsŘǼ¯ǋŸŎǼÌǼŸ¯ǼÌsǋsŎÞŘÞŘ¶ĶÞ¯sʳ ®ȖǋŘÞǼȖǋsŘ_ʩɮǼȖǋsǣ 5
əsÌÞOĶsǣ 6
c) Intangible assets
Intangible assets acquired separately are measured on initial ǻÌs ŎŸǋǼÞʊǼÞŸŘˀ _sƼǋsOÞǼÞŸŘ ƼsǋÞŸ_ Ř_ ǼÌs ŎŸǋǼÞʊǼÞŸŘˀ
ǋsOŸ¶ŘÞǼÞŸŘǼOŸǣǼʳ®ŸĶĶŸɠÞŘ¶ÞŘÞǼÞĶǋsOŸ¶ŘÞǼÞŸŘʰÞŘǼŘ¶ÞEĶsǣǣsǼǣ _sƼǋsOÞǼÞŸŘŎsǼÌŸ_ǋsǋsɚÞsɠs_ǼĶsǣǼǼsOÌʩŘŘOÞĶɴsǋsŘ_ʳ
are carried at cost less accumulated amortization and accumulated Ý¯ ǼÌs sɮƼsOǼs_ Ȗǣs¯ȖĶ ĶÞ¯s Ÿ¯ ǼÌs ǣǣsǼ Þǣ ǣÞ¶ŘÞʩOŘǼĶɴ _Þ¯¯sǋsŘǼ
ÞŎƼÞǋŎsŘǼ ĶŸǣǣsǣʰ Þ¯ Řɴʳ ÝŘǼŘ¶ÞEĶs ǣǣsǼǣ ǋs ŎŸǋǼÞʊs_ ŸŘ ¯ǋŸŎƼǋsɚÞŸȖǣsǣǼÞŎǼsǣʰǼÌsŎŸǋǼÞʊǼÞŸŘˀ_sƼǋsOÞǼÞŸŘƼsǋÞŸ_
ǣǼǋÞ¶ÌǼ ĶÞŘs EǣÞǣ Ÿɚsǋ ǼÌs sǣǼÞŎǼs_ Ȗǣs¯ȖĶ sOŸŘŸŎÞO ĶÞ¯sʳ ǻÌs ÞǣOÌŘ¶s_OOŸǋ_ÞŘ¶ĶɴʳÝ¯ǼÌsǋsÌǣEssŘǣÞ¶ŘÞʩOŘǼOÌŘ¶sÞŘ
Group uses a rebuttable presumption that the useful life of an ǼÌs sɮƼsOǼs_ ƼǼǼsǋŘ Ÿ¯ sOŸŘŸŎÞO EsŘsʩǼǣ ¯ǋŸŎ ǼÌs ǣǣsǼʰ ǼÌs
ÞŘǼŘ¶ÞEĶsǣǣsǼɠÞĶĶŘŸǼsɮOss_ǼsŘɴsǋǣ¯ǋŸŎǼÌs_ǼsɠÌsŘǼÌs ŎŸǋǼÞʊǼÞŸŘˀ _sƼǋsOÞǼÞŸŘ ŎsǼÌŸ_ Þǣ OÌŘ¶s_ ǼŸ ǋsʪsOǼ ǼÌs
ǣǣsǼÞǣɚÞĶEĶs¯ŸǋȖǣsʳ OÌŘ¶s_ƼǼǼsǋŘʳǢȖOÌOÌŘ¶sǣǋsOOŸȖŘǼs_¯ŸǋÞŘOOŸǋ_ŘOs
Gains or losses arising from derecognition of an intangible asset with ǢˤŗsǼƻǋŸʩǼŸǋĵŸǣǣ¯ŸǋǼÌsƻsǋÞŸ_ʰƻǋÞŸǋƻsǋÞŸ_ÝǼsŎǣŘ_
are measured as the difference between the net disposal proceeds NÌŘ¶sǣÞŘOOŸȖŘǼÞŘ¶ƻŸĶÞOÞsǣʳ
NOTES
e) Impairment g) Government grants and subsidies
Þʺ ǻÌs OŸŎƼŘɴ ǣǣsǣǣsǣ Ǽ sOÌ ǋsƼŸǋǼÞŘ¶ _Ǽs ɠÌsǼÌsǋ Grants and subsidies from the government are recognized when
ǼÌsǋs Þǣ Ř ÞŘ_ÞOǼÞŸŘ ǼÌǼ Ř ǣǣsǼ Ŏɴ Es ÞŎƼÞǋs_ʳ Ý¯ ǼÌsǋs Þǣ ǋsǣŸŘEĶs ǣǣȖǋŘOs ǼÌǼ ǼÌs ¶ǋŘǼˀ ǣȖEǣÞ_ɴ ɠÞĶĶ Es
Řɴ ÞŘ_ÞOǼÞŸŘ sɮÞǣǼǣʰ Ÿǋ ɠÌsŘ ŘŘȖĶ ÞŎƼÞǋŎsŘǼ ǼsǣǼÞŘ¶ ǋsOsÞɚs_Ř_ĶĶǼǼOÌÞŘ¶OŸŘ_ÞǼÞŸŘǣɠÞĶĶEsOŸŎƼĶÞs_ɠÞǼÌʳɟÌsŘ
¯Ÿǋ Ř ǣǣsǼ Þǣ ǋsǇȖÞǋs_ʰ ǼÌs µǋŸȖƼ sǣǼÞŎǼsǣ ǼÌs ǣǣsǼ˅ǣ ǼÌs¶ǋŘǼŸǋǣȖEǣÞ_ɴǋsĶǼsǣǼŸǋsɚsŘȖsÞǼsŎʰÞǼÞǣǋsOŸ¶ŘÞʊs_ǣ
ǋsOŸɚsǋEĶs ŎŸȖŘǼʳ Ř ǣǣsǼ˅ǣ ǋsOŸɚsǋEĶs ŎŸȖŘǼ Þǣ ǼÌs income over the periods necessary to match them on a systematic
ÌÞ¶Ìsǋ Ÿ¯ Ř ǣǣsǼ˅ǣ Ÿǋ OǣÌ˚¶sŘsǋǼÞŘ¶ ȖŘÞǼ˅ǣ ʹNµȕʺ ŘsǼ EǣÞǣǼŸǼÌsOŸǣǼǣʰɠÌÞOÌÞǼÞǣÞŘǼsŘ_s_ǼŸOŸŎƼsŘǣǼsʳɟÌsǋsǼÌs
ǣsĶĶÞŘ¶ ƼǋÞOs Ř_ ÞǼǣ ɚĶȖs ÞŘ Ȗǣsʳ ǻÌs ǋsOŸɚsǋEĶs ŎŸȖŘǼ ¶ǋŘǼ Ÿǋ ǣȖEǣÞ_ɴ ǋsĶǼsǣ ǼŸ Ř ǣǣsǼʰ ÞǼǣ ɚĶȖs Þǣ _s_ȖOǼs_ ¯ǋŸŎ
Þǣ_sǼsǋŎÞŘs_¯ŸǋŘÞŘ_ÞɚÞ_ȖĶǣǣsǼʰȖŘĶsǣǣǼÌsǣǣsǼ_Ÿsǣ the gross value in arriving at the carrying amount of the related
ŘŸǼ ¶sŘsǋǼs OǣÌ ÞŘʪŸɠǣ ǼÌǼ ǋs Ķǋ¶sĶɴ ÞŘ_sƼsŘ_sŘǼ Ÿ¯ ǣǣsǼʳµŸɚsǋŘŎsŘǼ¶ǋŘǼÞŘǼÌsŘǼȖǋsŸ¯ƼǋŸŎŸǼsǋǣ˅OŸŘǼǋÞEȖǼÞŸŘ
ǼÌŸǣs¯ǋŸŎŸǼÌsǋǣǣsǼǣŸǋ¶ǋŸȖƼǣŸ¯ǣǣsǼǣʳŘÞŎƼÞǋŎsŘǼ ÞǣOǋs_ÞǼs_ǼŸǼÌsÞŘɚsǣǼŎsŘǼǣȖEǣÞ_ɴǋsǣsǋɚsʳ
loss is recognized wherever the carrying amount of an asset
h) Investment
sɮOss_ ÞǼǣ ǋsOŸɚsǋEĶs ŎŸȖŘǼʳ ǻÌs ǋsOŸɚsǋEĶs ŎŸȖŘǼ Þǣ
ǼÌs¶ǋsǼsǋŸ¯ǼÌsǣǣsǼǣŘsǼǣsĶĶÞŘ¶ƼǋÞOsŘ_ɚĶȖsÞŘȖǣsʳ Investments that are readily realisable and intended to be
ÝŘǣǣsǣǣÞŘ¶ɚĶȖsÞŘȖǣsʰǼÌssǣǼÞŎǼs_¯ȖǼȖǋsOǣÌʪŸɠǣǋs held for not more than one year from the date on which such
_ÞǣOŸȖŘǼs_ǼŸǼÌsÞǋƼǋsǣsŘǼɚĶȖsǼǼÌsƼǋs˚Ǽɮ_ÞǣOŸȖŘǼǋǼsʳ ÞŘɚsǣǼŎsŘǼǣ ǋs Ŏ_s ǋs OĶǣǣÞʩs_ ǣ OȖǋǋsŘǼ ÞŘɚsǣǼŎsŘǼǣʳ ĶĶ
ÝŘ_sǼsǋŎÞŘÞŘ¶ŘsǼǣsĶĶÞŘ¶ƼǋÞOsʰǋsOsŘǼŎǋĨsǼǼǋŘǣOǼÞŸŘ ŸǼÌsǋÞŘɚsǣǼŎsŘǼǣǋsOĶǣǣÞʩs_ǣĶŸŘ¶˚ǼsǋŎÞŘɚsǣǼŎsŘǼǣʳ
ǋsǼĨsŘÞŘǼŸOOŸȖŘǼʰÞ¯ɚÞĶEĶsʳÝ¯ŘŸǣȖOÌǼǋŘǣOǼÞŸŘOŘ
ŷŘÞŘÞǼÞĶǋsOŸ¶ŘÞǼÞŸŘʰĶĶÞŘɚsǣǼŎsŘǼǣǋsŎsǣȖǋs_ǼOŸǣǼʳǻÌs
EsÞ_sŘǼÞʩs_ʰŘƼƼǋŸƼǋÞǼsɚĶȖǼÞŸŘŎŸ_sĶÞǣȖǣs_ʳ
cost comprises purchase price and directly attributable acquisition
ÞÞʺ ¯Ǽsǋ ÞŎƼÞǋŎsŘǼʰ _sƼǋsOÞǼÞŸŘ Þǣ ƼǋŸɚÞ_s_ ŸŘ ǼÌs ǋsɚÞǣs_ OÌǋ¶sǣǣȖOÌǣEǋŸĨsǋ¶sʰ¯ssǣŘ__ȖǼÞsǣŘ_ŸǼÌsǋOŸǣǼǣǼÌǼ
OǋǋɴÞŘ¶ŎŸȖŘǼŸ¯ǼÌsǣǣsǼǣŸɚsǋÞǼǣǋsŎÞŘÞŘ¶Ȗǣs¯ȖĶĶÞ¯sʳ ǋÞǣs ŸŘ OǇȖÞǣÞǼÞŸŘ Ÿ¯ ÞŘɚsǣǼŎsŘǼʳ NȖǋǋsŘǼ ÞŘɚsǣǼŎsŘǼǣ ǋs
carried at lower of cost and fair value determined on an individual
ÞÞÞʺ ƼǋsɚÞŸȖǣĶɴ ǋsOŸ¶ŘÞʊs_ ÞŎƼÞǋŎsŘǼ ĶŸǣǣ Þǣ ǋsɚsǋǣs_ ŸŘĶɴ
ÞŘɚsǣǼŎsŘǼ EǣÞǣʳ ĵŸŘ¶˚ǼsǋŎ ÞŘɚsǣǼŎsŘǼǣ ǋs OǋǋÞs_ Ǽ OŸǣǼʳ
if there has been a change in the assumptions used to
ËŸɠsɚsǋʰƼǋŸɚÞǣÞŸŘ¯Ÿǋ_ÞŎÞŘȖǼÞŸŘÞŘɚĶȖsÞǣŎ_sǼŸǋsOŸ¶ŘÞǣs
_sǼsǋŎÞŘs ǼÌs ǣǣsǼ˅ǣ ǋsOŸɚsǋEĶs ŎŸȖŘǼ ǣÞŘOs ǼÌs ĶǣǼ
_sOĶÞŘsŸǼÌsǋǼÌŘǼsŎƼŸǋǋɴÞŘǼÌsɚĶȖsŸ¯ǼÌsÞŘɚsǣǼŎsŘǼǣʳ
ÞŎƼÞǋŎsŘǼ ĶŸǣǣ ɠǣ ǋsOŸ¶ŘÞʊs_ʳ ǻÌs ǋsɚsǋǣĶ Þǣ ĶÞŎÞǼs_ ǣŸ
ŷŘ _ÞǣƼŸǣĶ Ÿ¯ ÞŘɚsǣǼŎsŘǼʰ ǼÌs _Þ¯¯sǋsŘOs EsǼɠssŘ ÞǼǣ OǋǋɴÞŘ¶
ǼÌǼ ǼÌs OǋǋɴÞŘ¶ ŎŸȖŘǼ Ÿ¯ ǼÌs ǣǣsǼ _Ÿsǣ ŘŸǼ sɮOss_ ÞǼǣ
amount and net disposal proceeds is charged or credited to the
ǋsOŸɚsǋEĶs ŎŸȖŘǼʰ ŘŸǋ sɮOss_ ǼÌs OǋǋɴÞŘ¶ ŎŸȖŘǼ ǼÌǼ
ǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣʳ
ɠŸȖĶ_ Ìɚs EssŘ _sǼsǋŎÞŘs_ʰ ŘsǼ Ÿ¯ _sƼǋsOÞǼÞŸŘʰ Ì_ ŘŸ
ÞŎƼÞǋŎsŘǼĶŸǣǣEssŘǋsOŸ¶ŘÞʊs_¯ŸǋǼÌsǣǣsǼÞŘƼǋÞŸǋɴsǋǣʳ Ř ÞŘɚsǣǼŎsŘǼ ÞŘ ĶŘ_ Ÿǋ EȖÞĶ_ÞŘ¶ʰ ɠÌÞOÌ Þǣ ŘŸǼ ÞŘǼsŘ_s_ ǼŸ Es
ŸOOȖƼÞs_ǣȖEǣǼŘǼÞĶĶɴ¯ŸǋȖǣsEɴʰŸǋÞŘǼÌsŸƼsǋǼÞŸŘǣŸ¯ǼÌsµǋŸȖƼ
f) Operating Leases
Þǣ OĶǣǣÞʩs_ ǣ ÞŘɚsǣǼŎsŘǼ ƼǋŸƼsǋǼɴʳ ÝŘɚsǣǼŎsŘǼ ƼǋŸƼsǋǼÞsǣ ǋs
i. Where the company is a lessee; ǣǼǼs_ǼOŸǣǼʰŘsǼŸ¯OOȖŎȖĶǼs__sƼǋsOÞǼÞŸŘŘ_ÞŎƼÞǋŎsŘǼ
ĶŸǣǣsǣʰÞ¯Řɴʳ
ĵsǣsǣʰ ɠÌsǋs ǼÌs ĶsǣǣŸǋ s¯¯sOǼÞɚsĶɴ ǋsǼÞŘǣ ǣȖEǣǼŘǼÞĶĶɴ ĶĶ
ǼÌsǋÞǣĨǣŘ_EsŘsʩǼǣŸ¯ŸɠŘsǋǣÌÞƼŸ¯ǼÌsĶsǣs_ÞǼsŎʰǋs i) Inventories
OĶǣǣÞʩs_ǣŸƼsǋǼÞŘ¶ĶsǣsǣʳĵsǣsƼɴŎsŘǼǣŸŘŸƼsǋǼÞŘ¶
ÝŘɚsŘǼŸǋÞsǣŸ¯ǋɠŎǼsǋÞĶǣʰƼOĨÞŘ¶ŎǼsǋÞĶǣʰɠŸǋĨ˚ÞŘ˚ƼǋŸ¶ǋsǣǣʰ
Ķsǣsǣ ǋs ǋsOŸ¶ŘÞʊs_ ǣ Ř sɮƼsŘǣs ÞŘ ǼÌs ǣǼǼsŎsŘǼ Ÿ¯
ʩŘÞǣÌs_¶ŸŸ_ǣʰŸƼsǋǼÞŘ¶ǣȖƼƼĶÞsǣʰǣǼŸǋsǣŘ_OŸŘǣȖŎEĶsǣÞǼsŎǣ
ƼǋŸʩǼŘ_ĶŸǣǣŸŘǣǼǋÞ¶ÌǼ˚ĶÞŘsEǣÞǣʰŸɚsǋǼÌsĶsǣsǼsǋŎʳ
ǋs ɚĶȖs_ Ǽ OŸǣǼ Ÿǋ ŘsǼ ǋsĶÞʊEĶs ɚĶȖsʰ ɠÌÞOÌsɚsǋ Þǣ ĶŸɠsǋʳ
ii. Where the company is a lessor; ËŸɠsɚsǋʰŎǼsǋÞĶǣŘ_ŸǼÌsǋÞǼsŎǣÌsĶ_¯ŸǋȖǣsÞŘǼÌsƼǋŸ_ȖOǼÞŸŘ
Ÿ¯ ÞŘɚsŘǼŸǋÞsǣ ǋs ŘŸǼ ɠǋÞǼǼsŘ _ŸɠŘ EsĶŸɠ OŸǣǼ Þ¯ ǼÌs ʩŘÞǣÌs_
Leases in which the company does not transfer substantially
ƼǋŸ_ȖOǼǣÞŘɠÌÞOÌǼÌsɴɠÞĶĶEsÞŘOŸǋƼŸǋǼs_ǋssɮƼsOǼs_ǼŸEsǣŸĶ_
ĶĶ ǼÌs ǋÞǣĨǣ Ř_ EsŘsʩǼǣ Ÿ¯ ŸɠŘsǋǣÌÞƼ Ÿ¯ ǼÌs ǣǣsǼ ǋs
ǼŸǋEŸɚsOŸǣǼʳ
OĶǣǣÞʩs_ ǣ ŸƼsǋǼÞŘ¶ Ķsǣsǣʳ ǣǣsǼǣ ǣȖEĠsOǼ ǼŸ ŸƼsǋǼÞŘ¶
Ķsǣsǣ ǋs ÞŘOĶȖ_s_ ÞŘ ʩɮs_ ǣǣsǼǣʳ ĵsǣs ÞŘOŸŎs ŸŘ Ř NŸǣǼÞǣǣOsǋǼÞŘs_ŸŘ®ÞǋǣǼ˚ÞŘ˚®ÞǋǣǼŸȖǼʹ˄®Ý®ŷ˅ʺEǣÞǣŘ_ÞŘOĶȖ_sǣ
ŸƼsǋǼÞŘ¶ Ķsǣs Þǣ ǋsOŸ¶ŘÞʊs_ ÞŘ ǼÌs ǣǼǼsŎsŘǼ Ÿ¯ ƼǋŸʩǼ all applicable costs incurred in bringing goods to their present
Ř_ĶŸǣǣŸŘǣǼǋÞ¶ÌǼ˚ĶÞŘsEǣÞǣŸɚsǋǼÌsĶsǣsǼsǋŎʳNŸǣǼǣʰ ĶŸOǼÞŸŘŘ_OŸŘ_ÞǼÞŸŘʳNŸǣǼŸ¯ɠŸǋĨÞŘƼǋŸ¶ǋsǣǣʰŎŘȖ¯OǼȖǋs_
ÞŘOĶȖ_ÞŘ¶_sƼǋsOÞǼÞŸŘʰǋsǋsOŸ¶ŘÞʊs_ǣŘsɮƼsŘǣsÞŘǼÌs ƼOĨÞŘ¶ ŎǼsǋÞĶ Ř_ ʩŘÞǣÌs_ ¶ŸŸ_ǣ ÞŘOĶȖ_sǣ ŎǼsǋÞĶǣ Ř_ ĶĶ
ǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣʳÝŘÞǼÞĶ_ÞǋsOǼOŸǣǼǣǣȖOÌǣĶs¶Ķ ƼƼĶÞOEĶs ŎŘȖ¯OǼȖǋÞŘ¶ ŸɚsǋÌs_ǣʳ ǻÌs µǋŸȖƼ OOǋȖsǣ ¯Ÿǋ
OŸǣǼǣʰ EǋŸĨsǋ¶s OŸǣǼǣʰ sǼOʳ ǋs ǋsOŸ¶ŘÞʊs_ ÞŎŎs_ÞǼsĶɴ ÞŘ sɮOÞǣs _ȖǼɴ ĶÞEÞĶÞǼɴ ÞŘ ǋsǣƼsOǼ Ÿ¯ ŎŘȖ¯OǼȖǋs_ ʩŘÞǣÌs_ ¶ŸŸ_ǣˀ
ǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣʳ ÞŘǼsǋŎs_ÞǋɴÞŘɚsŘǼŸǋÞsǣĶɴÞŘ¶ÞŘǼÌs¯OǼŸǋɴʳ
NOTES
Traded goods are valued at lower of cost and net realizable monetary items which are carried in terms of historical cost
ɚĶȖsʳNŸǣǼÞŘOĶȖ_sǣOŸǣǼŸ¯ƼȖǋOÌǣsŘ_ŸǼÌsǋOŸǣǼǣÞŘOȖǋǋs_ÞŘ denominated in a foreign currency are reported using the
EǋÞŘ¶ÞŘ¶ǼÌsÞŘɚsŘǼŸǋÞsǣǼŸǼÌsÞǋƼǋsǣsŘǼĶŸOǼÞŸŘŘ_OŸŘ_ÞǼÞŸŘʳ sɮOÌŘ¶sǋǼsǼǼÌs_ǼsŸ¯ǼÌsǼǋŘǣOǼÞŸŘʳŗŸŘ˚ŎŸŘsǼǋɴ
NŸǣǼÞǣ_sǼsǋŎÞŘs_ŸŘ®Ý®ŷEǣÞǣʳ ÞǼsŎǣʰ ɠÌÞOÌ ǋs ŎsǣȖǋs_ Ǽ ¯Þǋ ɚĶȖs Ÿǋ ŸǼÌsǋ ǣÞŎÞĶǋ
ɚĶȖǼÞŸŘ_sŘŸŎÞŘǼs_ÞŘ¯ŸǋsÞ¶ŘOȖǋǋsŘOɴʰǋsǼǋŘǣĶǼs_
ŷƼsǋǼÞŘ¶ ǣȖƼƼĶÞsǣ ǋs ÞǼsŎǣ ÞŘ OÞǋOȖĶǼÞŸŘʳ NŸǣǼ Þǣ ǣOsǋǼÞŘs_
ȖǣÞŘ¶ ǼÌs sɮOÌŘ¶s ǋǼs Ǽ ǼÌs _Ǽs ɠÌsŘ ǣȖOÌ ɚĶȖs ɠǣ
ŸŘ®ÞǋǣǼ˚ÞŘ˚®ÞǋǣǼŸȖǼʹ˄®Ý®ŷ˅ʺEǣÞǣŘ_ÞŘOĶȖ_sǣĶĶƼƼĶÞOEĶsOŸǣǼǣ
_sǼsǋŎÞŘs_ʳ
incurred in bringing goods to their present location and condition
Ř_ǼÌsŘɠǋÞǼǼsŘŸ¯¯ŸɚsǋǼÌsÞǋsǣǼÞŎǼs_ƼsǋÞŸ_Ÿ¯Ȗǣ¶sʳ (iii) Exchange Differences
Net realisable value is the estimated selling price in the ordinary rɮOÌŘ¶s_Þ¯¯sǋsŘOsǣǋÞǣÞŘ¶ŸŘǼÌsǣsǼǼĶsŎsŘǼŸ¯ŎŸŘsǼǋɴ
OŸȖǋǣs Ÿ¯ EȖǣÞŘsǣǣʰ Ķsǣǣ sǣǼÞŎǼs_ OŸǣǼ Ÿ¯ OŸŎƼĶsǼÞŸŘ Ř_ items or on reporting monetary items at rates different from
sǣǼÞŎǼs_OŸǣǼŘsOsǣǣǋɴǼŸŎĨsǼÌsǣĶsʳ ǼÌŸǣsǼɠÌÞOÌǼÌsɴɠsǋsÞŘÞǼÞĶĶɴǋsOŸǋ_s__ȖǋÞŘ¶ǼÌsɴsǋʰ
ŸǋǋsƼŸǋǼs_ÞŘƼǋsɚÞŸȖǣʩŘŘOÞĶǣǼǼsŎsŘǼǣʰǋsǋsOŸ¶ŘÞǣs_
j) Revenue recognition
ǣÞŘOŸŎsŸǋǣsɮƼsŘǣsǣÞŘǼÌsɴsǋÞŘɠÌÞOÌǼÌsɴǋÞǣsʳ
ǊsɚsŘȖsÞǣǋsOŸ¶ŘÞǣs_ǼŸǼÌssɮǼsŘǼǼÌǼÞǼÞǣƼǋŸEEĶsǼÌǼǼÌs
sOŸŘŸŎÞOEsŘsʩǼǣɠÞĶĶʪŸɠǼŸǼÌsµǋŸȖƼŘ_ǼÌsǋsɚsŘȖsOŘEs Ķʺ ǊsǼÞǋsŎsŘǼŘ_ŸǼÌsǋsŎƼĶŸɴssEsŘsʩǼǣ
ǋsĶÞEĶɴŎsǣȖǋs_ʳǻÌs¯ŸĶĶŸɠÞŘ¶ǣƼsOÞʩOOǋÞǼsǋÞŎȖǣǼĶǣŸEsŎsǼ Þʺ ǊsǼÞǋsŎsŘǼEsŘsʩǼÞŘǼÌs¯ŸǋŎŸ¯ƼǋŸɚÞ_sŘǼ¯ȖŘ_Ř_ǣȖƼsǋ

before revenue is recognised; ŘŘȖǼÞŸŘ¯ȖŘ_Þǣ_sʩŘs_OŸŘǼǋÞEȖǼÞŸŘǣOÌsŎsʳǻÌsµǋŸȖƼ
Sale of Goods : Ìǣ ŘŸ ŸEĶÞ¶ǼÞŸŘʰ ŸǼÌsǋ ǼÌŘ ǼÌs OŸŘǼǋÞEȖǼÞŸŘ ƼɴEĶs ǼŸ
ǼÌs ǋsǣƼsOǼÞɚs ¯ȖŘ_ʳ ǻÌs µǋŸȖƼ ǋsOŸ¶ŘÞʊsǣ OŸŘǼǋÞEȖǼÞŸŘ
ǊsɚsŘȖs Þǣ ǋsOŸ¶ŘÞǣs_ ɠÌsŘ ǼÌs ǣÞ¶ŘÞʩOŘǼ ǋÞǣĨǣ Ř_ ǋsɠǋ_ǣ Ÿ¯ ƼɴEĶsǼŸǼÌsƼǋŸɚÞ_sŘǼ¯ȖŘ_ˀǣȖƼsǋŘŘȖǼÞŸŘǣOÌsŎsǣŘ
ŸɠŘsǋǣÌÞƼŸ¯ǼÌs¶ŸŸ_ǣÌɚsƼǣǣs_ǼŸǼÌsEȖɴsǋʰȖǣȖĶĶɴŸŘ_sĶÞɚsǋɴ sɮƼsŘ_ÞǼȖǋsʰɠÌsŘŘsŎƼĶŸɴssǋsŘ_sǋǣǼÌsǋsĶǼs_ǣsǋɚÞOsʳ
Ÿ¯ǼÌs¶ŸŸ_ǣʳrɮOÞǣs^ȖǼɴʰǢĶsǣǻɮŘ_əǻ_s_ȖOǼs_¯ǋŸŎǼȖǋŘŸɚsǋ
ʹ¶ǋŸǣǣʺÞǣǼÌsŎŸȖŘǼǼÌǼÞǣÞŘOĶȖ_s_ÞŘǼÌsŎŸȖŘǼŸ¯ǼȖǋŘŸɚsǋʹ¶ǋŸǣǣʺ ÞÞʺ µǋǼȖÞǼɴĶÞEÞĶÞǼɴÞǣ_sʩŘs_EsŘsʩǼŸEĶÞ¶ǼÞŸŘŘ_ÞǣƼǋŸɚÞ_s_
Ř_ ŘŸǼ ǼÌs sŘǼÞǋs ŎŸȖŘǼ Ÿ¯ ĶÞEÞĶÞǼɴ ǋÞǣÞŘ¶ _ȖǋÞŘ¶ ǼÌs ɴsǋʳ ǻÌs ¯ŸǋŸŘǼÌsEǣÞǣŸ¯ŘOǼȖǋÞĶɚĶȖǼÞŸŘŸŘƼǋŸĠsOǼs_ȖŘÞǼ
µǋŸȖƼOŸĶĶsOǼǣǣĶsǣǼɮsǣŘ_ɚĶȖs__s_ǼɮsǣʹəǻʺŸŘEsÌĶ¯Ÿ¯ǼÌs Oǋs_ÞǼŎsǼÌŸ_Ŏ_sǼǼÌssŘ_Ÿ¯sOÌʩŘŘOÞĶɴsǋʳ
¶ŸɚsǋŘŎsŘǼŘ_ʰǼÌsǋs¯ŸǋsʰǼÌsǣsǋsŘŸǼsOŸŘŸŎÞOEsŘsʩǼǣʪŸɠÞŘ¶ǼŸ ÞÞÞʺ OOȖŎȖĶǼs_ĶsɚsʰɠÌÞOÌÞǣsɮƼsOǼs_ǼŸEsȖǼÞĶÞʊs_ɠÞǼÌÞŘ

ǼÌsµǋŸȖƼʳËsŘOsʰǼÌsɴǋssɮOĶȖ_s_¯ǋŸŎǋsɚsŘȖsʳǊsɚsŘȖsÞŘOĶȖ_sǣ ǼÌs ŘsɮǼ ˠˡ ŎŸŘǼÌǣʰ Þǣ ǼǋsǼs_ ǣ ǣÌŸǋǼ˚ǼsǋŎ sŎƼĶŸɴss
ǼÌsŎŸȖŘǼŸ¯sɮOÞǣs_ȖǼɴǋs¯ȖŘ_ǋsOsÞɚs_ˀ_ȖsÞŘOOŸǋ_ŘOsɠÞǼÌ EsŘsʩǼʳ ǻÌs µǋŸȖƼ ŎsǣȖǋsǣ ǼÌs sɮƼsOǼs_ OŸǣǼ Ÿ¯ ǣȖOÌ
ÞŘOsŘǼÞɚsǣOÌsŎsʳǊsɚsŘȖsÞǣŘsǼŸ¯Ǽǋ_s_ÞǣOŸȖŘǼ¶ÞɚsŘʳ EǣsŘOsǣǣǼÌs__ÞǼÞŸŘĶŎŸȖŘǼǼÌǼÞǼsɮƼsOǼǣǼŸƼɴǣ
Sale of Services : a result of the unused entitlement that has accumulated at

ǼÌsǋsƼŸǋǼÞŘ¶_Ǽsʳ
Service revenue is recognised on completion of services and
ɠÌsǋsŘŸǣÞ¶ŘÞʩOŘǼȖŘOsǋǼÞŘǼɴsɮÞǣǼǣǋs¶ǋ_ÞŘ¶ǼÌsŎŸȖŘǼŸ¯ Þɚʺ ǻÌsµǋŸȖƼǼǋsǼǣOOȖŎȖĶǼs_ĶsɚssɮƼsOǼs_ǼŸEsOǋǋÞs_
ǼÌsOŸŘǣÞ_sǋǼÞŸŘǼÌǼɠÞĶĶEs_sǋÞɚs_¯ǋŸŎǋsŘ_sǋÞŘ¶ǼÌsǣsǋɚÞOsʳ ¯Ÿǋɠǋ_ EsɴŸŘ_ ǼɠsĶɚs ŎŸŘǼÌǣʰ ǣ ĶŸŘ¶˚ǼsǋŎ sŎƼĶŸɴss
ǢsǋɚÞOsǋsɚsŘȖsǋsŘsǼŸ¯ǣsǋɚÞOsǼɮʳ EsŘsʩǼ ¯Ÿǋ ŎsǣȖǋsŎsŘǼ ƼȖǋƼŸǣsǣʳ ǢȖOÌ ĶŸŘ¶˚ǼsǋŎ

compensated absences are provided for based on the
Interest : OǼȖǋÞĶɚĶȖǼÞŸŘȖǣÞŘ¶ǼÌsƼǋŸĠsOǼs_ȖŘÞǼOǋs_ÞǼŎsǼÌŸ_Ǽ
ǊsɚsŘȖs Þǣ ǋsOŸ¶ŘÞǣs_ ŸŘ ǼÞŎs ƼǋŸƼŸǋǼÞŸŘ EǣÞǣ ǼĨÞŘ¶ ÞŘǼŸ ǼÌsɴsǋ˚sŘ_ʳ
OOŸȖŘǼǼÌsŎŸȖŘǼŸȖǼǣǼŘ_ÞŘ¶Ř_ǼǼÌsƼƼĶÞOEĶsÞŘǼsǋsǣǼǋǼsʳ ɚʺ OǼȖǋÞĶ ¶ÞŘǣˀ ĶŸǣǣsǣ ǋs ÞŎŎs_ÞǼsĶɴ ǼĨsŘ ǼŸ ǼÌs
k) Foreign currency translation ǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣŘ_ǋsŘŸǼ_s¯sǋǋs_ʳ
(i) Initial Recognition m) Sales promotion items
Foreign currency transactions are recorded in the reporting ǢĶsǣ ƼǋŸŎŸǼÞŸŘ ÞǼsŎǣ ǋs ɚĶȖs_ Ǽ OŸǣǼʳ NŸǣǼ Þǣ ǣOsǋǼÞŘs_
OȖǋǋsŘOɴʰ Eɴ ƼƼĶɴÞŘ¶ ǼŸ ǼÌs ¯ŸǋsÞ¶Ř OȖǋǋsŘOɴ ŎŸȖŘǼ ǼÌs ŸŘ ®ÞǋǣǼ˚ÞŘ˚®ÞǋǣǼ ŸȖǼ ʹ˄®Ý®ŷ˅ʺ EǣÞǣ Ř_ ÞŘOĶȖ_sǣ ĶĶ ƼƼĶÞOEĶs
sɮOÌŘ¶s ǋǼs EsǼɠssŘ ǼÌs ǋsƼŸǋǼÞŘ¶ OȖǋǋsŘOɴ Ř_ ǼÌs costs incurred in bringing goods to their present location and
¯ŸǋsÞ¶ŘOȖǋǋsŘOɴǼǼÌs_ǼsŸ¯ǼÌsǼǋŘǣOǼÞŸŘʳ OŸŘ_ÞǼÞŸŘʳ
(ii) Conversion n) Income-tax
Foreign currency monetary items are reported using the ǻɮ sɮƼsŘǣs OŸŎƼǋÞǣsǣ Ÿ¯ OȖǋǋsŘǼ Ř_ _s¯sǋǋs_ Ǽɮʳ NȖǋǋsŘǼ
sɮOÌŘ¶s ǋǼs ƼǋsɚÞĶÞŘ¶ Ǽ ǼÌs ǋsƼŸǋǼÞŘ¶ _Ǽsʳ ŗŸŘ˚ ÞŘOŸŎs Ǽɮ Þǣ ŎsǣȖǋs_ Ǽ ǼÌs ŎŸȖŘǼ sɮƼsOǼs_ ǼŸ Es ƼÞ_ ǼŸ
NOTES
ǼÌsǼɮȖǼÌŸǋÞǼÞsǣÞŘOOŸǋ_ŘOsɠÞǼÌǼÌsÝŘ_ÞŘÝŘOŸŎsǻɮOǼʳ ¯Ÿǋ Oǋs_ÞǼ ɚÞĶEĶs ÞŘ ǋsǣƼsOǼ Ÿ¯ ōÞŘÞŎȖŎ ĶǼsǋŘǼs ǻɮ ȖŘ_sǋ
^s¯sǋǋs_ÞŘOŸŎsǼɮsǣǋsʪsOǼǣǼÌsÞŎƼOǼŸ¯OȖǋǋsŘǼɴsǋǼÞŎÞŘ¶ ǼÌs ÝŘOŸŎs ǻɮ OǼʰ ˠ˨˥ˠʰ ǼÌs ǣÞ_ ǣǣsǼ Þǣ OǋsǼs_ Eɴ ɠɴ Ÿ¯
_Þ¯¯sǋsŘOsǣEsǼɠssŘǼɮEĶsÞŘOŸŎsŘ_OOŸȖŘǼÞŘ¶ÞŘOŸŎs¯Ÿǋ Oǋs_ÞǼ ǼŸ ǼÌs ǣǼǼsŎsŘǼ Ÿ¯ ƼǋŸʩǼ Ř_ ĶŸǣǣ Ř_ ǣÌŸɠŘ ǣ ōǻ
ǼÌsɴsǋŘ_ǋsɚsǋǣĶŸ¯ǼÞŎÞŘ¶_Þ¯¯sǋsŘOsǣŸ¯sǋĶÞsǋɴsǋǣʳ Nǋs_ÞǼ rŘǼÞǼĶsŎsŘǼʳ ōǻ Oǋs_ÞǼ sŘǼÞǼĶsŎsŘǼ Þǣ ǋsɚÞsɠs_ Ǽ sOÌ
EĶŘOsǣÌssǼ_ǼsŘ_ÞǣɠǋÞǼǼsŘ_ŸɠŘǼŸǼÌssɮǼsŘǼǼÌsǋsÞǣŘŸ
^s¯sǋǋs_ Ǽɮ Þǣ ŎsǣȖǋs_ Eǣs_ ŸŘ ǼÌs Ǽɮ ǋǼsǣ Ř_ ǼÌs Ǽɮ
ĶŸŘ¶sǋOŸŘɚÞŘOÞŘ¶sɚÞ_sŘOsǼŸǼÌss¯¯sOǼǼÌǼŘŸǋŎĶÝŘOŸŎsǻɮ
ĶɠǣsŘOǼs_ŸǋǣȖEǣǼŘǼÞɚsĶɴsŘOǼs_ǼǼÌsEĶŘOsǣÌssǼ_Ǽsʳ
ɠÞĶĶEsƼÞ__ȖǋÞŘ¶ǼÌsǣƼsOÞʩs_ƼsǋÞŸ_ʳ
^s¯sǋǋs_ǼɮǣǣsǼǣǋsǋsOŸ¶ŘÞǣs_ŸŘĶɴǼŸǼÌssɮǼsŘǼǼÌǼǼÌsǋsÞǣ
ǋsǣŸŘEĶsOsǋǼÞŘǼɴǼÌǼǣȖ¯ʩOÞsŘǼ¯ȖǼȖǋsǼɮEĶsÞŘOŸŎsɠÞĶĶEs o) Provisions
ɚÞĶEĶs¶ÞŘǣǼɠÌÞOÌǣȖOÌ_s¯sǋǋs_ǼɮǣǣsǼǣOŘEsǋsĶÞǣs_ʳ
ÝŘ ǣÞǼȖǼÞŸŘǣ Ÿ¯ ȖŘEǣŸǋEs_ _sƼǋsOÞǼÞŸŘ Ÿǋ Oǋǋɴ ¯Ÿǋɠǋ_ Ǽɮ A provision is recognised when there is a present obligation as a
ĶŸǣǣsǣʰĶĶ_s¯sǋǋs_ǼɮǣǣsǼǣǋsǋsOŸ¶ŘÞǣs_ŸŘĶɴÞ¯ǼÌsǋsÞǣɚÞǋǼȖĶ ǋsǣȖĶǼŸ¯ƼǣǼsɚsŘǼʱÞǼÞǣƼǋŸEEĶsǼÌǼŘŸȖǼʪŸɠŸ¯ǋsǣŸȖǋOsǣɠÞĶĶ
certainty supported by convincing evidence that they can be Es ǋsǇȖÞǋs_ ǼŸ ǣsǼǼĶs ǼÌs ŸEĶÞ¶ǼÞŸŘʰ ÞŘ ǋsǣƼsOǼ Ÿ¯ ɠÌÞOÌ ǋsĶÞEĶs
ǋsĶÞǣs_¶ÞŘǣǼ¯ȖǼȖǋsǼɮEĶsƼǋŸʩǼǣʳ sǣǼÞŎǼsOŘEsŎ_sʳƻǋŸɚÞǣÞŸŘǣǋsŘŸǼ_ÞǣOŸȖŘǼs_ǼŸÞǼǣƼǋsǣsŘǼ
value and are determined based on best estimate required to settle
In the situations where an entity in the Group is entitled to ǼÌsŸEĶÞ¶ǼÞŸŘǼǼÌsEĶŘOsǣÌssǼ_ǼsʳǻÌsǣsǋsǋsɚÞsɠs_ǼsOÌ
Ǽɮ ÌŸĶÞ_ɴ ȖŘ_sǋ ǼÌs ÝŘOŸŎs˚Ǽɮ OǼʰ ˠ˨˥ˠ sŘOǼs_ ÞŘ ÝŘ_Þ EĶŘOsǣÌssǼ_ǼsŘ__ĠȖǣǼs_ǼŸǋsʪsOǼǼÌsOȖǋǋsŘǼEsǣǼsǣǼÞŎǼsǣʳ
Ÿǋ Ǽɮ Ķɠǣ ƼǋsɚÞĶÞŘ¶ ÞŘ ǼÌs ǋsǣƼsOǼÞɚs Ǽɮ ĠȖǋÞǣ_ÞOǼÞŸŘǣ ɠÌsǋs
ÞǼ ŸƼsǋǼsǣʰ ŘŸ _s¯sǋǋs_ Ǽɮ ʹǣǣsǼ Ÿǋ ĶÞEÞĶÞǼɴʺ Þǣ ǋsOŸ¶ŘÞʊs_ ÞŘ p) Excise duty
ǋsǣƼsOǼŸ¯ǼÞŎÞŘ¶_Þ¯¯sǋsŘOsǣɠÌÞOÌǋsɚsǋǣs_ȖǋÞŘ¶ǼÌsǼɮÌŸĶÞ_ɴ rɮOÞǣs _ȖǼɴ ŸŘ ǼȖǋŘŸɚsǋ Þǣ ǋs_ȖOs_ ¯ǋŸŎ ǼȖǋŘŸɚsǋʳ rɮOÞǣs _ȖǼɴ
ƼsǋÞŸ_ʰ ǼŸ ǼÌs sɮǼsŘǼ ǼÌs sŘǼÞǼɴ˅ǣ ¶ǋŸǣǣ ǼŸǼĶ ÞŘOŸŎs Þǣ ǣȖEĠsOǼ ǋsĶǼÞŘ¶ǼŸǼÌs_Þ¯¯sǋsŘOsEsǼɠssŘǼÌsŸƼsŘÞŘ¶ǣǼŸOĨŘ_OĶŸǣÞŘ¶
ǼŸ ǼÌs _s_ȖOǼÞŸŘ _ȖǋÞŘ¶ ǼÌs Ǽɮ ÌŸĶÞ_ɴ ƼsǋÞŸ_ʳ ^s¯sǋǋs_ Ǽɮ ÞŘ ǣǼŸOĨ Þǣ ǋsOŸ¶ŘÞǣs_ ǣ ÞŘOŸŎsˀ sɮƼsŘǣs ǣ ǼÌs Oǣs Ŏɴ Esʰ
ǋsǣƼsOǼŸ¯ǼÞŎÞŘ¶_Þ¯¯sǋsŘOsǣɠÌÞOÌǋsɚsǋǣs¯ǼsǋǼÌsǼɮÌŸĶÞ_ɴ ǣsƼǋǼsĶɴÞŘǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣʳ
period is recognized in the year in which the timing differences
ŸǋÞ¶ÞŘǼsʳ ËŸɠsɚsǋʰ ǼÌs sŘǼÞǼɴ ǋsǣǼǋÞOǼǣ ǋsOŸ¶ŘÞǼÞŸŘ Ÿ¯ _s¯sǋǋs_ q) Segment Reporting
ǼɮǣǣsǼǣǼŸǼÌssɮǼsŘǼǼÌǼÞǼÌǣEsOŸŎsǋsǣŸŘEĶɴOsǋǼÞŘŸǋ Ý_sŘǼÞʩOǼÞŸŘŸ¯ǣs¶ŎsŘǼǣʲ
ɚÞǋǼȖĶĶɴOsǋǼÞŘʰǣǼÌsOǣsŎɴEsʰǼÌǼǣȖ¯ʩOÞsŘǼ¯ȖǼȖǋsǼɮEĶs
ǻÌs µǋŸȖƼ˅ǣ ŸƼsǋǼÞŘ¶ EȖǣÞŘsǣǣsǣ ǋs Ÿǋ¶ŘÞʊs_ Ř_ ŎŘ¶s_
ÞŘOŸŎs ɠÞĶĶ Es ɚÞĶEĶs ¶ÞŘǣǼ ɠÌÞOÌ ǣȖOÌ _s¯sǋǋs_ Ǽɮ ǣǣsǼǣ
ǣsƼǋǼsĶɴ OOŸǋ_ÞŘ¶ ǼŸ ǼÌs ŘǼȖǋs Ÿ¯ ƼǋŸ_ȖOǼǣʰ ɠÞǼÌ sOÌ
OŘ Es ǋsĶÞʊs_ʳ ®Ÿǋ ǋsOŸ¶ŘÞǼÞŸŘ Ÿ¯ _s¯sǋǋs_ Ǽɮsǣʰ ǼÌs ǼÞŎÞŘ¶
segment representing a strategic business unit that offers
_Þ¯¯sǋsŘOsǣɠÌÞOÌŸǋÞ¶ÞŘǼsʩǋǣǼǋsOŸŘǣÞ_sǋs_ǼŸǋsɚsǋǣsʩǋǣǼʳ
_Þ¯¯sǋsŘǼ ƼǋŸ_ȖOǼǣ Ř_ ǣsǋɚsǣ _Þ¯¯sǋsŘǼ ŎǋĨsǼǣʳ ǻÌs ŘĶɴǣÞǣ Ÿ¯
ǼsOÌEĶŘOsǣÌssǼ_ǼsȖŘǋsOŸ¶ŘÞǣs__s¯sǋǋs_ǼɮǣǣsǼǣǋs ¶sŸ¶ǋƼÌÞOĶ ǣs¶ŎsŘǼǣ Þǣ Eǣs_ ŸŘ ǼÌs ǋsǣ ÞŘ ɠÌÞOÌ ŎĠŸǋ
ǋs˚ǣǣsǣǣs_ʳÝǼǋsOŸ¶ŘÞǣsǣȖŘǋsOŸ¶ŘÞʊs__s¯sǋǋs_ǼɮǣǣsǼǣǼŸǼÌs ŸƼsǋǼÞŘ¶_ÞɚÞǣÞŸŘǣŸ¯ǼÌsµǋŸȖƼŸƼsǋǼsʳ
sɮǼsŘǼǼÌǼÞǼÌǣEsOŸŎsǋsǣŸŘEĶɴOsǋǼÞŘŸǋɚÞǋǼȖĶĶɴOsǋǼÞŘʰ
Segment accounting policies :
ǣǼÌsOǣsŎɴEsǼÌǼǣȖ¯ʩOÞsŘǼ¯ȖǼȖǋsǼɮEĶsÞŘOŸŎsɠÞĶĶEs
ɚÞĶEĶs¶ÞŘǣǼɠÌÞOÌǣȖOÌ_s¯sǋǋs_ǼɮǣǣsǼǣOŘEsǋsĶÞǣs_ʳ The Group prepares its segment information in conformity with
the accounting policies adopted for preparing and presenting the
ǻÌsOǋǋɴÞŘ¶ŎŸȖŘǼŸ¯_s¯sǋǋs_ǼɮǣǣsǼǣǋsǋsɚÞsɠs_ǼsOÌ
ʩŘŘOÞĶǣǼǼsŎsŘǼǣŸ¯ǼÌsµǋŸȖƼǣɠÌŸĶsʳ
ǋsƼŸǋǼÞŘ¶_ǼsʳɟǋÞǼs˚_ŸɠŘŸ¯ǼÌsOǋǋɴÞŘ¶ŎŸȖŘǼŸ¯_s¯sǋǋs_
Ǽɮ ǣǣsǼ Þǣ _ŸŘs ǼŸ ǼÌs sɮǼsŘǼ ǼÌǼ ÞǼ Þǣ ŘŸ ĶŸŘ¶sǋ ǋsǣŸŘEĶɴ Intersegment transfer :
OsǋǼÞŘ Ÿǋ ɚÞǋǼȖĶĶɴ OsǋǼÞŘʰ ǣ ǼÌs Oǣs Ŏɴ Esʰ ǼÌǼ ǣȖ¯ʩOÞsŘǼ The Group generally accounts for inter segment sales and
¯ȖǼȖǋs ǼɮEĶs ÞŘOŸŎs ɠÞĶĶ Es ɚÞĶEĶs ¶ÞŘǣǼ ɠÌÞOÌ _s¯sǋǋs_ ǼǋŘǣ¯sǋǣǣÞ¯ǼÌsǣĶsǣŸǋǼǋŘǣ¯sǋɠsǋsǼŸǼÌÞǋ_ƼǋǼÞsǣǼŎǋĨsǼ
Ǽɮ ǣǣsǼ OŘ Es ǋsĶÞǣs_ʳ Řɴ ǣȖOÌ ɠǋÞǼs˚_ŸɠŘ Þǣ ǋsɚsǋǣs_ ǼŸ ƼǋÞOsʳ
ǼÌssɮǼsŘǼǼÌǼÞǼEsOŸŎsǣǋsǣŸŘEĶɴOsǋǼÞŘŸǋɚÞǋǼȖĶĶɴOsǋǼÞŘʰ
Allocation of common costs:
ǣǼÌsOǣsŎɴEsʰǼÌǼǣȖ¯ʩOÞsŘǼ¯ȖǼȖǋsǼɮEĶsÞŘOŸŎsɠÞĶĶEs
ɚÞĶEĶsʳ Common allocable costs are allocated to each segment according
to the relative contribution of each segment to the total common
ōÞŘÞŎȖŎ ĶǼsǋŘǼs ǻɮ ʹōǻʺ Oǋs_ÞǼ Þǣ ǋsOŸ¶ŘÞǣs_ ǣ Ř ǣǣsǼ
OŸǣǼǣʳ
ŸŘĶɴ ɠÌsŘ Ř_ ǼŸ ǼÌs sɮǼsŘǼ ǼÌsǋs Þǣ OŸŘɚÞŘOÞŘ¶ sɚÞ_sŘOs ǼÌǼ
ŘŸǋŎĶÞŘOŸŎsǼɮɠÞĶĶEsƼÞ__ȖǋÞŘ¶ǼÌsǣƼsOÞʩs_ƼsǋÞŸ_ʳÝŘǼÌs Unallocated items:
year in which the MAT credit becomes eligible to be recognized ÝǼ ÞŘOĶȖ_sǣ ¶sŘsǋĶ OŸǋƼŸǋǼs ÞŘOŸŎs Ř_ sɮƼsŘǣs ÞǼsŎǣ ɠÌÞOÌ
as an asset in accordance with the Guidance Note on Accounting ǋsŘŸǼĶĶŸOǼs_ǼŸŘɴEȖǣÞŘsǣǣǣs¶ŎsŘǼʳ
Corporate Overview Performance Governance Financial Statements ˠˤˢ
NOTES
r) Earnings per Share non-occurrence of one or more uncertain future events beyond
the control of the Group or a present obligation that is not
DǣÞOsǋŘÞŘ¶ǣƼsǋǣÌǋsǋsOĶOȖĶǼs_Eɴ_ÞɚÞ_ÞŘ¶ǼÌsŘsǼƼǋŸʩǼŸǋ
ǋsOŸ¶ŘÞʊs_EsOȖǣsÞǼÞǣŘŸǼƼǋŸEEĶsǼÌǼŘŸȖǼʪŸɠŸ¯ǋsǣŸȖǋOsǣ
loss for the year attributable to equity shareholders by the weighted
ɚsǋ¶sŘȖŎEsǋŸ¯sǇȖÞǼɴǣÌǋsǣŸȖǼǣǼŘ_ÞŘ¶_ȖǋÞŘ¶ǼÌsɴsǋʳǻÌs ɠÞĶĶ Es ǋsǇȖÞǋs_ ǼŸ ǣsǼǼĶs ǼÌs ŸEĶÞ¶ǼÞŸŘʳ OŸŘǼÞŘ¶sŘǼ ĶÞEÞĶÞǼɴ
weighted average number of equity shares outstanding during ĶǣŸ ǋÞǣsǣ ÞŘ sɮǼǋsŎsĶɴ ǋǋsOǣsǣ ɠÌsǋsǼÌsǋs Þǣ ĶÞEÞĶÞǼɴ ǼÌǼ
ǼÌsɴsǋǋs_ĠȖǣǼs_¯ŸǋsɚsŘǼŸ¯EŸŘȖǣÞǣǣȖsʰEŸŘȖǣsĶsŎsŘǼÞŘ OŘŘŸǼ Es ǋsOŸ¶ŘÞʊs_ EsOȖǣs ÞǼ OŘŘŸǼ Es ŎsǣȖǋs_ ǋsĶÞEĶɴʳ
ǋÞ¶ÌǼǣÞǣǣȖsǼŸsɮÞǣǼÞŘ¶ǣÌǋsÌŸĶ_sǋǣʰǣÌǋsǣƼĶÞǼʰŘ_ǋsɚsǋǣsǣÌǋs The Group does not recognize a contingent liability but discloses
ǣƼĶÞǼǼÌǼÌɚsOÌŘ¶s_ǼÌsŘȖŎEsǋŸ¯sǇȖÞǼɴǣÌǋsǣŸȖǼǣǼŘ_ÞŘ¶ʰ ÞǼǣsɮÞǣǼsŘOsÞŘǼÌsʩŘŘOÞĶǣǼǼsŎsŘǼǣʳ
ɠÞǼÌŸȖǼOŸǋǋsǣƼŸŘ_ÞŘ¶OÌŘ¶sÞŘǋsǣŸȖǋOsǣʳ v) Measurement of EBITDA
®Ÿǋ ǼÌs ƼȖǋƼŸǣs Ÿ¯ OĶOȖĶǼÞŘ¶ _ÞĶȖǼs_ sǋŘÞŘ¶ǣ Ƽsǋ ǣÌǋsʰ ǼÌs ŘsǼ ǻÌs OŸŎƼŘɴ Ìǣ sĶsOǼs_ ǼŸ ƼǋsǣsŘǼ sǋŘÞŘ¶ǣ Es¯Ÿǋs ÞŘǼsǋsǣǼʰ
ƼǋŸʩǼŸǋĶŸǣǣ¯ŸǋǼÌsɴsǋǼǼǋÞEȖǼEĶsǼŸsǇȖÞǼɴǣÌǋsÌŸĶ_sǋǣŘ_ǼÌs Ǽɮʰ _sƼǋsOÞǼÞŸŘ Ř_ ŎŸǋǼÞʊǼÞŸŘ ʹrDÝǻ^ʺ ǣ ǣsƼǋǼs
weighted average number of shares outstanding during the year are ĶÞŘsÞǼsŎŸŘǼÌs¯OsŸ¯ǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣʳÝŘÞǼǣ
ŎsǣȖǋsŎsŘǼʰǼÌsOŸŎƼŘɴ_ŸsǣŘŸǼÞŘOĶȖ_s_sƼǋsOÞǼÞŸŘŘ_
_ĠȖǣǼs_¯ŸǋǼÌss¯¯sOǼǣŸ¯ĶĶ_ÞĶȖǼÞɚsƼŸǼsŘǼÞĶsǇȖÞǼɴǣÌǋsǣʳ
ŎŸǋǼÞʊǼÞŸŘ sɮƼsŘǣsʰ ʩŘŘOs OŸǣǼǣʰ ÞŘǼsǋsǣǼ ÞŘOŸŎs Ř_ Ǽɮ
s) Cash and Cash equivalents sɮƼsŘǣsʳ
NǣÌŘ_OǣÌsǇȖÞɚĶsŘǼǣ¯ŸǋǼÌsƼȖǋƼŸǣsŸ¯OǣÌʪŸɠǣǼǼsŎsŘǼ ɠʺ rŎƼĶŸɴssǣǼŸOĨOŸŎƼsŘǣǼÞŸŘOŸǣǼ

OŸŎƼǋÞǣsOǣÌǼEŘĨŘ_ÞŘÌŘ_Ř_ǣÌŸǋǼ˚ǼsǋŎÞŘɚsǣǼŎsŘǼǣ rŎƼĶŸɴssǣ ÞŘ ǣsŘÞŸǋ ŎŘ¶sŎsŘǼ Ÿ¯ ǼÌs OŸŎƼŘɴ ǋsOsÞɚs
ɠÞǼÌŘŸǋÞ¶ÞŘĶŎǼȖǋÞǼɴŸ¯ǼÌǋssŎŸŘǼÌǣŸǋĶsǣǣʳ ǋsŎȖŘsǋǼÞŸŘÞŘǼÌs¯ŸǋŎŸ¯ǣÌǋsEǣs_ƼɴŎsŘǼǼǋŘǣOǼÞŸŘǣʰ
whereby employees render services as consideration for equity
Ǽʺ DŸǋǋŸɠÞŘ¶NŸǣǼǣ ÞŘǣǼǋȖŎsŘǼǣʹsǇȖÞǼɴ˚ǣsǼǼĶs_ǼǋŘǣOǼÞŸŘǣʺʳ
Borrowing costs consist of interest and amortisation of ancillary ÝŘ OOŸǋ_ŘOs ɠÞǼÌ ǼÌs ǢsOȖǋÞǼÞsǣ Ř_ rɮOÌŘ¶s DŸǋ_ Ÿ¯ ÝŘ_Þ
OŸǣǼǣÞŘOȖǋǋs_ÞŘOŸŘŘsOǼÞŸŘɠÞǼÌǼÌsǋǋŘ¶sŎsŘǼŸ¯EŸǋǋŸɠÞŘ¶ǣʳ ʹǢÌǋs Dǣs_ rŎƼĶŸɴss DsŘsʩǼǣʺ Ǌs¶ȖĶǼÞŸŘǣʰ ˡ˟ˠˣ Ř_ ǼÌs
µȖÞ_ŘOs ŗŸǼs ŸŘ OOŸȖŘǼÞŘ¶ ¯Ÿǋ rŎƼĶŸɴss ǢÌǋs˚Eǣs_
DŸǋǋŸɠÞŘ¶ OŸǣǼǣ _ÞǋsOǼĶɴ ǼǼǋÞEȖǼEĶs ǼŸ ǼÌs OǇȖÞǣÞǼÞŸŘʰ
ƻɴŎsŘǼǣʰ ǼÌs OŸǣǼ Ÿ¯ sǇȖÞǼɴ˚ǣsǼǼĶs_ ǼǋŘǣOǼÞŸŘǣ Þǣ ŎsǣȖǋs_
OŸŘǣǼǋȖOǼÞŸŘ Ÿǋ ƼǋŸ_ȖOǼÞŸŘ Ÿ¯ Ř ǣǣsǼ ǼÌǼ ŘsOsǣǣǋÞĶɴ ǼĨsǣ ȖǣÞŘ¶ ǼÌs ÞŘǼǋÞŘǣÞO ɚĶȖs ŎsǼÌŸ_ʳ ǻÌs OȖŎȖĶǼÞɚs sɮƼsŘǣs
substantial period of time to get ready for its intended use or sale recognized for equity-settled transactions at each reporting
ǋsOƼÞǼĶÞʊs_ǣƼǋǼŸ¯ǼÌsǋsǣƼsOǼÞɚsǣǣsǼʳĶĶŸǼÌsǋEŸǋǋŸɠÞŘ¶ _Ǽs ȖŘǼÞĶ ǼÌs ɚsǣǼÞŘ¶ _Ǽs ǋsʪsOǼǣ ǼÌs sɮǼsŘǼ ǼŸ ɠÌÞOÌ ǼÌs
OŸǣǼǣǋssɮƼsŘǣs_ÞŘǼÌsƼsǋÞŸ_ǼÌsɴŸOOȖǋʳ ɚsǣǼÞŘ¶ ƼsǋÞŸ_ Ìǣ sɮƼÞǋs_ Ř_ ǼÌs OŸŎƼŘɴ˅ǣ EsǣǼ sǣǼÞŎǼs Ÿ¯
ǼÌs ŘȖŎEsǋ Ÿ¯ sǇȖÞǼɴ ÞŘǣǼǋȖŎsŘǼǣ ǼÌǼ ɠÞĶĶ ȖĶǼÞŎǼsĶɴ ɚsǣǼʳ ǻÌs
u) Contingent liabilities sɮƼsŘǣsŸǋOǋs_ÞǼǋsOŸ¶ŘÞʊs_ÞŘǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣ
¯Ÿǋ ƼsǋÞŸ_ ǋsƼǋsǣsŘǼǣ ǼÌs ŎŸɚsŎsŘǼ ÞŘ OȖŎȖĶǼÞɚs sɮƼsŘǣs
A contingent liability is a possible obligation that arises from past recognized as at the beginning and end of that period and is
sɚsŘǼǣ ɠÌŸǣs sɮÞǣǼsŘOs ɠÞĶĶ Es OŸŘʩǋŎs_ Eɴ ǼÌs ŸOOȖǋǋsŘOs Ÿǋ ǋsOŸ¶ŘÞʊs_ÞŘsŎƼĶŸɴssEsŘsʩǼǣsɮƼsŘǣsʳ
NOTES
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As at As at
NOTE 4
SHARE CAPITAL
AUTHORISED CAPITAL
ˡʰˤ˦˟ʰ˟˟˟ʰ˟˟˟ʹˡ˟ˠˤ˚ˡʰˤ˦˟ʰ˟˟˟ʰ˟˟˟ʺsǇȖÞǼɴǣÌǋsǣŸ¯` ˠʹˡ˟ˠˤ˚` ˠʺsOÌ ˡˤʰ˦˟˟ʳ˟˟ ˡˤʰ˦˟˟ʳ˟˟
25,700.00 25,700.00
ISSUED, SUBSCRIBED AND PAID UP CAPITAL
ˠ˧ˠʰˠˠ˨ʰ˥˧˟ʹˡ˟ˠˤ˚ˠ˧ˠʰ˟ˡˢʰˣ˨˥ʺsǇȖÞǼɴǣÌǋsǣŸ¯` ˠʹˡ˟ˠˤ˚` ˠʺsOÌ¯ȖĶĶɴƼÞ_ ˠʰ˧ˠˠʳˡ˟ ˠʰ˧ˠ˟ʳˡˢ
1,811.20 1,810.23
a. Reconciliation of the shares outstanding at the beginning and at the end of the reporting period
As at March 31, 2016 ǣǼōǋOÌˢˠʰˡ˟ˠˤ

No. Amount ŗŸʳ Amount
At the beginning of the period ˠ˧ˠʰ˟ˡˢʰˣ˨˥ ˠʰ˧ˠ˟ʳˡˢ ˠ˧ˠʰ˟ˡˢʰˣ˨˥ ˠʰ˧ˠ˟ʳˡˢ
ÝǣǣȖs_ˀǢȖEǣOǋÞEs__ȖǋÞŘ¶ǼÌsɴsǋʹrǢŷƻʺ ˨˥ʰˠ˧ˣ ˟ʳ˨˦ - -
Outstanding at the end of the period ˠ˧ˠʰˠˠ˨ʰ˥˧˟ ˠʰ˧ˠˠʳˡ˟ ˠ˧ˠʰ˟ˡˢʰˣ˨˥ ˠʰ˧ˠ˟ʳˡˢ
b. Details of shareholders holding more than 5% shares in the Company
As at March 31, 2016 ǣǼōǋOÌˢˠʰˡ˟ˠˤ

No. % Holding ŗŸʳ ̇ËŸĶ_ÞŘ¶
in the class in the class
rǇȖÞǼɴǣÌǋsǣŸ¯` 1 each fully paid
ōʳƻʳǊŎOÌŘ_ǋŘ ˦ˡʰˠˠˡʰ˟˥˟ ˢ˨ʳ˧ˠ̇ ˦ˡʰˠˠˡʰ˟˥˟ ˢ˨ʳ˧ˠ̇
Sahyadri Agencies Limited ˠˤʰ˟˟˟ʰ˟˟˟ ˧ʳˡ˧̇ ˠˤʰ˟˟˟ʰ˟˟˟ ˧ʳˡ˧̇
ǣƼsǋǋsOŸǋ_ǣŸ¯ǼÌsNŸŎƼŘɴʰÞŘOĶȖ_ÞŘ¶ÞǼǣǋs¶ÞǣǼsǋŸ¯ǣÌǋsÌŸĶ_sǋǣˀŎsŎEsǋǣŘ_ŸǼÌsǋ_sOĶǋǼÞŸŘǣǋsOsÞɚs_¯ǋŸŎǣÌǋsÌŸĶ_sǋǣǋs¶ǋ_ÞŘ¶
EsŘsʩOÞĶÞŘǼsǋsǣǼʰǼÌsEŸɚsǣÌǋsÌŸĶ_ÞŘ¶ǋsƼǋsǣsŘǼǣEŸǼÌĶs¶ĶŘ_EsŘsʩOÞĶŸɠŘsǋǣÌÞƼǣŸ¯ǣÌǋsǣʳ
c. Terms/ rights attached to equity shares
The Company has only one class of equity shares having par value of 1 ` ƼsǋǣÌǋsʳrOÌÌŸĶ_sǋŸ¯sǇȖÞǼɴǣÌǋsǣÞǣsŘǼÞǼĶs_ǼŸŸŘsɚŸǼsƼsǋ
ǣÌǋsʳǻÌsNŸŎƼŘɴ_sOĶǋsǣŘ_Ƽɴǣ_ÞɚÞ_sŘ_ǣÞŘÝŘ_ÞŘǋȖƼssǣʳǻÌs_ÞɚÞ_sŘ_ƼǋŸƼŸǣs_EɴǼÌsDŸǋ_Ÿ¯^ÞǋsOǼŸǋǣÞǣǣȖEĠsOǼǼŸǼÌsƼƼǋŸɚĶ
Ÿ¯ǼÌsǣÌǋsÌŸĶ_sǋǣÞŘǼÌssŘǣȖÞŘ¶ŘŘȖĶµsŘsǋĶōssǼÞŘ¶ʳ
^ȖǋÞŘ¶ǼÌsɴsǋsŘ_s_ōǋOÌˢˠʰˡ˟ˠ˥ǼÌsŎŸȖŘǼŸ¯ƼsǋǣÌǋs_ÞɚÞ_sŘ_ǋsOŸ¶ŘÞʊs_ǣ_ÞǣǼǋÞEȖǼÞŸŘǣǼŸsǇȖÞǼɴǣÌǋsÌŸĶ_sǋǣɠǣ`ˤʹˡ˟ˠˤ˚`ˣʺ
including interim dividend of `ˣƼsǋsǇȖÞǼɴǣÌǋsƼÞ__ȖǋÞŘ¶ǼÌsɴsǋʳ
ÝŘǼÌssɚsŘǼŸ¯ĶÞǇȖÞ_ǼÞŸŘŸ¯ǼÌsNŸŎƼŘɴʰǼÌsÌŸĶ_sǋǣŸ¯sǇȖÞǼɴǣÌǋsǣɠÞĶĶEssŘǼÞǼĶs_ǼŸǋsOsÞɚsǋsŎÞŘÞŘ¶ǣǣsǼǣŸ¯ǼÌsNŸŎƼŘɴʰ¯Ǽsǋ
_ÞǣǼǋÞEȖǼÞŸŘŸ¯ĶĶƼǋs¯sǋsŘǼÞĶŎŸȖŘǼǣʳǻÌs_ÞǣǼǋÞEȖǼÞŸŘɠÞĶĶEsÞŘƼǋŸƼŸǋǼÞŸŘǼŸǼÌsŘȖŎEsǋŸ¯sǇȖÞǼɴǣÌǋsǣÌsĶ_EɴǼÌsǣÌǋsÌŸĶ_sǋǣʳ
_ʳ ¶¶ǋs¶ǼsŘȖŎEsǋŸ¯EŸŘȖǣǣÌǋsǣÞǣǣȖs_ʰǣÌǋsǣÞǣǣȖs_¯ŸǋOŸŘǣÞ_sǋǼÞŸŘŸǼÌsǋǼÌŘOǣÌ_ȖǋÞŘ¶ǼÌsƼsǋÞŸ_Ÿ¯ʩɚsɴsǋǣÞŎŎs_ÞǼsĶɴ
preceding the reporting date:
As at As at
No. ŗŸʳ
rǇȖÞǼɴ ǣÌǋsǣ ĶĶŸǼǼs_ ǣ ¯ȖĶĶɴ ƼÞ_ EŸŘȖǣ ǣÌǋsǣ Eɴ OƼÞǼĶÞʊǼÞŸŘ Ÿ¯ ǣsOȖǋÞǼÞsǣ ƼǋsŎÞȖŎ ˡʰˢ˦˨ʰ˦ˣ˧ ˡʰˢ˦˨ʰ˦ˣ˧
ʹ®ɳˡ˟ˠˢ˚ˡ˟ˠˣʺ
rǇȖÞǼɴǣÌǋsǣÞǣǣȖs_¯ŸǋOŸŘǣÞ_sǋǼÞŸŘŸǼÌsǋǼÌŘOǣÌʰƼȖǋǣȖŘǼǼŸǣOÌsŎsŸ¯ŎĶ¶ŎǼÞŸŘ ˡʰˢ˦˨ʰ˦ˣ˧ ˡʰˢ˦˨ʰ˦ˣ˧
ɠÞǼÌsǋǣǼɠÌÞĶsğɴŸǼÌɴNŸŘǣȖŎsǋƻǋŸ_ȖOǼǣĵÞŎÞǼs_ʹğNƻĵʺʹ®ɳˡ˟ˠˢ˚ˡ˟ˠˣʺ
4,759,496 4,759,496
ÝŘ __ÞǼÞŸŘ ǼÌs OŸŎƼŘɴ Ìǣ ÞǣǣȖs_ ˨˥ʰˠ˧ˣ ǣÌǋs ʹˡ˟ˠˤ ŗÞĶʺ _ȖǋÞŘ¶ ǼÌs ƼsǋÞŸ_ Ÿ¯ ʩɚs ɴsǋǣ ÞŎŎs_ÞǼsĶɴ ƼǋsOs_ÞŘ¶ ǼÌs ǋsƼŸǋǼÞŘ¶ _Ǽs ŸŘ
sɮsǋOÞǣsŸ¯ŸƼǼÞŸŘ¶ǋŘǼs_ȖŘ_sǋǼÌssŎƼĶŸɴssǣǼŸOĨŸƼǼÞŸŘƼĶŘʹrǢŷƻʺɠÌsǋsÞŘƼǋǼOŸŘǣÞ_sǋǼÞŸŘɠǣǋsOsÞɚs_ÞŘ¯ŸǋŎŸ¯sŎƼĶŸɴssǣsǋɚÞOsǣʳ
e. Share received for issue under option
®Ÿǋ_sǼÞĶǣŸ¯ǣÌǋsǣǋsǣsǋɚs_¯ŸǋÞǣǣȖsȖŘ_sǋǼÌssŎƼĶŸɴssǣǼŸOĨŸƼǼÞŸŘƼĶŘʹrǢŷƻʺŸ¯ǼÌsOŸŎƼŘɴʰƼĶsǣsǋs¯sǋŗŸǼsˢ˥ʳ
NOTES
` In Lacs
As at As at
NOTE 5
RESERVES AND SURPLUS
ǢȖǋƼĶȖǣÞŘǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣʲ
DĶŘOsʰEs¶ÞŘŘÞŘ¶Ÿ¯ǼÌsɴsǋ ʹˠˣʰ˥ˤˠʳ˟˨ʺ ʹˠˡʰˢˠˡʳˢ˟ʺ
ƻǋŸʩǼ¯ŸǋǼÌsɴsǋ ˠˤʰ˦˨˥ʳ˟ˣ ˠˡʰˠˠˡʳˣˠ
1,144.95 (199.89)
ĵsǣǣʲƼƼǋŸƼǋÞǼÞŸŘǣ
ƻǋŸƼŸǣs__ÞɚÞ_sŘ_ʹŎŸȖŘǼƼsǋǣÌǋs`ˠʹˡ˟ˠˤ˚`ˣʺʺ ʹˠʰ˧ˠˠʳˡ˟ʺ ʹ˦ʰˡˣ˟ʳ˨ˣʺ
ǻɮŸŘƼǋŸƼŸǣs__ÞɚÞ_sŘ_ ʹˢ˥˧ʳ˦ˡʺ ʹˠʰˣ˦ˣʳ˟˧ʺ
ÝŘǼsǋÞŎ_ÞɚÞ_sŘ_ʹŎŸȖŘǼƼsǋǣÌǋs`ˣʹˡ˟ˠˤ˚`ŗÞĶʺʺ ʹ˦ʰˡˣˣʳ˦˨ʺ -
ǻɮŸŘÝŘǼsǋÞŎ_ÞɚÞ_sŘ_ ʹˠʰˣ˦ˣʳ˧˦ʺ -
Transfer to Debenture Redemption Reserve ʹˣʰˤ˥˟ʳ˟ˠʺ ʹˤʰˢ˦ˡʳˤˠʺ
^sƼǋsOÞǼÞŸŘǣƼsǋǢOÌs_ȖĶsÝÝŸ¯NŸŎƼŘÞsǣOǼʰˡ˟ˠˢˎ - ʹˢ˥ˢʳ˥˦ʺ
ŗsǼʹ_sʩOÞǼʺÞŘǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣ (14,314.64) (14,651.09)
Capital Reserve 5,480.32 5,480.32
Securities premium
DĶŘOsʰEs¶ÞŘŘÞŘ¶Ÿ¯ǼÌsɴsǋ ˢ˦ʰ˧ˠˣʳˢ˧ ˢ˨ʰˠ˨ˠʳˡ˟
__ʲ__ÞǼÞŸŘŸŘrǢŷƻǣsɮsǋOÞǣs_ ˠ˧˟ʳˤˣ -
ĵsǣǣʲrɮƼsŘǣsǣÞŘOȖǋǋs_ŸŘÞǣǣȖsŸ¯^sEsŘǼȖǋsǣ - ʹˠˤʳ˟˟ʺ
ĵsǣǣʲƻǋsŎÞȖŎƼɴEĶsŸŘǋs_sŎƼǼÞŸŘŸ¯ŘŸŘOŸŘɚsǋǼÞEĶs_sEsŘǼȖǋsǣÞǣǣȖs_ - ʹˠʰˢ˥ˠʳ˧ˡʺ
DĶŘOsʰsŘ_Ÿ¯ǼÌsɴsǋ 37,994.92 37,814.38
Investment subsidy 106.90 106.90
Debenture Redemption Reserve
DĶŘOsʰEs¶ÞŘŘÞŘ¶Ÿ¯ǼÌsɴsǋ ˠˠʰ˨˨ˤʳ˟ˡ ˥ʰ˥ˡˡʳˤˠ
__ʲŎŸȖŘǼǼǋŘǣ¯sǋǋs_¯ǋŸŎǣȖǋƼĶȖǣEĶŘOsÞŘǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣ ˣʰˤ˥˟ʳ˟ˠ ˤʰˢ˦ˡʳˤˠ
ĵsǣǣʲŎŸȖŘǼǼǋŘǣ¯sǋǋs_ǼŸµsŘsǋĶǊsǣsǋɚsǣ ʹˡʰ˧˦ˤʳ˟˟ʺ -
General reserves
DĶŘOsʰEs¶ÞŘŘÞŘ¶Ÿ¯ǼÌsɴsǋ ˢˡʰˤˢ˨ʳ˟˧ ˢˡʰˤˢ˨ʳ˟˧
__ʲŎŸȖŘǼǼǋŘǣ¯sǋǋs_¯ǋŸŎ^sEsŘǼȖǋsǊs_sŎƼǼÞŸŘǊsǣsǋɚs ˡʰ˧˦ˤʳ˟˟ -
Employee Stock Option Outstanding
DĶŘOsʰEs¶ÞŘŘÞŘ¶Ÿ¯ǼÌsɴsǋ ˡʰ˧˦ˠʳˠˢ -
__ʲNŸŎƼsŘǣǼÞŸŘŸŘǣǼŸOĨŸƼǼÞŸŘ¶ǋŘǼs__ȖǋÞŘ¶ǼÌsɴsǋ ˡʰˢ˨˦ʳ˧˦ ˡʰ˧˦ˠʳˠˢ
ĵsǣǣʲNŸŎƼsŘǣǼÞŸŘŸŘǣǼŸOĨŸƼǼÞŸŘOŘOsĶĶs__ȖǋÞŘ¶ǼÌsɴsǋ ʹ˥ˣ˦ʳ˥ˠʺ -
ĵsǣǣʲǻǋŘǣ¯sǋǼŸǣsOȖǋÞǼÞsǣƼǋsŎÞȖŎŸŘsɮsǋOÞǣsŸ¯ǣǼŸOĨŸƼǼÞŸŘǣ ʹˠ˧˟ʳˤˣʺ -
4,440.85 2,871.13
82,802.46 76,155.74
ˎǻÌsµǋŸȖƼÌǣŘŸǼǋsOŸ¶ŘÞǣs__s¯sǋǋs_ǼɮǣǣsǼǣŸŘǼÌsǣŎsÞŘǼÌsEǣsŘOsŸ¯ɚÞǋǼȖĶOsǋǼÞŘǼɴǣȖƼƼŸǋǼs_EɴOŸŘɚÞŘOÞŘ¶sɚÞ_sŘOsǼÌǼǼÌsɴ
OŘEsǋsĶÞʊs_¶ÞŘǣǼ¯ȖǼȖǋsǼɮEĶsƼǋŸʩǼǣʳ
NOTES
` In Lacs
NON CURRENT CURRENT

March 31, 2016 ōǋOÌˢˠʰˡ˟ˠˤ March 31, 2016 ōǋOÌˢˠʰˡ˟ˠˤ
NOTE 6
LONG-TERM BORROWINGS
ǻsǋŎĶŸŘǣ¯ǋŸŎDŘĨʹǣsOȖǋs_ʺ ˦ˡ˦ʳˣˣ ˨˟ˡʳˣˣ ˠ˦ˤʳ˟˟ ˠ˦ˤʳ˟˟
Secured Redeemable Zero Coupon Non
Convertible Debentures
ˣʰ˟˟˟ʹˡ˟ˠˤ˚ˣʰ˟˟˟ʺ^sEsŘǼȖǋsǣŸ¯`ˠ˟ʰ˟˟ʰ˟˟˟ - ˣ˟ʰ˟˟˟ʳ˟˟ ˣ˟ʰ˟˟˟ʳ˟˟ -
ʹˡ˟ˠˤ˚`ˠ˟ʰ˟˟ʰ˟˟˟ʺsOÌ
˨ʳ˥ˤ̇ǢsOȖǋs_Ǌs_ssŎEĶsŗŸŘNŸŘɚsǋǼÞEĶs
Debentures
ŗÞĶʹˡ˟ˠˤ˚˥ˤ˟ʺ^sEsŘǼȖǋsǣŸ¯` Nil - - - ˥ʰˤ˟˟ʳ˟˟
ˠ˟ʳˡˤ̇ǢsOȖǋs_Ǌs_ssŎEĶsŗŸŘNŸŘɚsǋǼÞEĶs
Debentures
ŗÞĶʹˡ˟ˠˤ˚ˤ˟˟ʺ^sEsŘǼȖǋsǣŸ¯` Nil - - - ˤʰ˟˟˟ʳ˟˟
ȕŘĶÞǣǼs_ʰǊs_ssŎEĶsʰŗŸŘNŸŘɚsǋǼÞEĶs^sEsŘǼȖǋsǣ
ˣ˟˟ʹˡ˟ˠˤ˚ˣ˟˟ʺ^sEsŘǼȖǋsǣŸ¯`ˠ˟ʰ˟˟ʰ˟˟˟ - ˣʰ˟˟˟ʳ˟˟ ˣʰ˟˟˟ʳ˟˟ -
^s¯sǋǋs_ƻɴŎsŘǼĵÞEÞĶÞǼɴʹȕŘǣsOȖǋs_ʺ - - ˠ˧˟ʳ˟˟ ˢ˥˟ʳ˟˟
ŎŸȖŘǼ_ÞǣOĶŸǣs_ȖŘ_sǋ˄ŷǼÌsǋNȖǋǋsŘǼ - - ʹˣˣʰˢˤˤʳ˟˟ʺ ʹˠˡʰ˟ˢˤʳ˟˟ʺ
ĵÞEÞĶÞǼÞsǣ˅ʹŗŸǼsˠˠʺ
727.44 44,902.44 - -
Details of loan:
ʺ ǻsǋŎĶŸŘŸ¯`˨˟ˡʳˣˣʹˡ˟ˠˤ˚` ˠʰ˟˦˦ʳˣˣʺ¯ǋŸŎEŘĨÌǣEssŘǼĨsŘÞŘʩŘŘOÞĶɴsǋˡ˟ˠˡ˚ˠˢʳǻÌsĶŸŘÞǣǋsƼɴEĶsÞŘˢˡǇȖǋǼsǋĶɴÞŘǣǼĶĶŎsŘǼǣ
Es¶ÞŘŘÞŘ¶¯ǋŸŎȖ¶ȖǣǼˡ˟ˠˢʳǻÌsĶŸŘÞǣǣsOȖǋs_EɴsɮOĶȖǣÞɚsʩǋǣǼOÌǋ¶sŸŘǼÌssŘǼÞǋsʩɮs_ǣǣsǼǣŘ_OȖǋǋsŘǼǣǣsǼǣŸ¯ǼÌsğ®Ǣĵ˚ğĵĵʹğəʺŘ_
¯ȖǋǼÌsǋǣsOȖǋs_EɴOŸǋƼŸǋǼs¶ȖǋŘǼss¶ÞɚsŘEɴǼÌsOŸŎƼŘɴʳ
Eʺ ˣʰ˟˟˟ʉsǋŸNŸȖƼŸŘŗŸŘNŸŘɚsǋǼÞEĶsǊs_ssŎEĶs^sEsŘǼȖǋsǣŸ¯`ˠ˟ʰ˟˟ʰ˟˟˟sOÌ˚Ǌs_ssŎEĶsǼƼǋsŎÞȖŎŸ¯`ˢ˥˧ʰ˟ˡˡƼsǋ_sEsŘǼȖǋs¯Ǽsǋ
ˢɴsǋǣ¯ǋŸŎǼÌs_ǼsŸ¯ĶĶŸǼŎsŘǼÞʳsʳŗŸɚsŎEsǋˠˣʰˡ˟ˠˢʳǻÌsǣs_sEsŘǼȖǋsǣǋsǣsOȖǋs_EɴʩǋǣǼOÌǋ¶sŸŘĶĶʩɮs_ǣǣsǼǣŘ_ǣsĶsOǼDǋŘ_ǣ
ʹōɮŸŘ_rɮŸʺʳ
Oʺ ˣ˟˟ȕŘĶÞǣǼs_ʰǊs_ssŎEĶsʰŗŸŘNŸŘɚsǋǼÞEĶs^sEsŘǼȖǋsǣŸ¯`ˠ˟ʰ˟˟ʰ˟˟˟sOÌ˚Ǌs_ssŎEĶsǼƼǋsŎÞȖŎŸ¯`ˢˣ˟ʰˣˤˤƼsǋ_sEsŘǼȖǋs¯Ǽsǋ
ˢɴsǋǣ¯ǋŸŎǼÌs_ǼsŸ¯ĶĶŸǼŎsŘǼÞʳsʳğŘȖǋɴˠˡʰˡ˟ˠˤʳǻÌs^sEsŘǼȖǋsǣǋsȖŘǣsOȖǋs_Ř_OŸɚsǋs_EɴOŸǋƼŸǋǼs¶ȖǋŘǼss¶ÞɚsŘEɴǼÌs
NŸŎƼŘɴʳ
_ʺ ^s¯sǋǋs_ƼɴŎsŘǼĶÞEÞĶÞǼɴǋsǋsƼɴEĶsŸɚsǋƼsǋÞŸ_Ÿ¯ˢɴsǋǣÞŘsǇȖĶÞŘǣǼĶĶŎsŘǼǣʳ
As at As at
NOTE 7
DEFERRED TAX LIABILITIES, (NET)
a) Deferred tax liability
Depreciation ˣʰˢ˨ˡʳ˟ˤ ˣʰˣ˥ˢʳ˧˧
Gross Deferred tax liability (A) 4,392.05 4,463.88
b) Deferred tax assets
Technical royalty ˠʳˠ˨ ˠʳˤ˧
Provision for gratuity ˤ˨ˣʳˠˡ ˣ˥˧ʳˤ˥
Provision for doubtful debts ˠˤ˨ʳ˦ˤ ˠˤ˨ʳ˦ˤ
Provision for doubtful advances ˤˣˡʳ˟ˠ ˤˡˠʳˡ˧
Provision for leave encashment ˡ˧ˡʳ˨˟ ˡ˥˨ʳ˦ˡ
Provision for impairment losses ˤ˨ʳ˟ˤ ˥˟ʳˡ˦
Provision for bonus ˥ʳˤ˧ ˥ʳˤ˧
Other Disallowances ˦˥ʳˢˠ ˢˡʳ˧˦
On carry forward loss and unabsorbed depreciation ˠˢ˨ʳ˦˥ ˡʰ˧˧˨ʳ˟ˢ
Gross Deferred tax assets (B) 1,861.67 4,409.64
Net deferred tax liabilities (A - B) 2,530.38 54.24
Corporate Overview Performance Governance Financial Statements ˠˤ˦
NOTES
` In Lacs
As at As at
NOTE 8
OTHER LONG-TERM LIABILITIES
Premium payable on redemption of Debentures ˠ˥ʰ˟˧ˠʳ˨ˠ ˠ˥ʰ˟˧ˠʳ˨ˠ
Creditors for Capital Goods - ˦ˤʳ˧ˠ
ŎŸȖŘǼ_ÞǣOĶŸǣs_ȖŘ_sǋ˄ŷǼÌsǋNȖǋǋsŘǼĵÞEÞĶÞǼÞsǣ˅ʹŗŸǼsˠˠʺ ʹˠˤʰˤ˧ˢʳˣˠʺ -
498.50 16,157.72
NON CURRENT CURRENT

NOTE 9
PROVISIONS
ƻǋŸɚÞǣÞŸŘ¯ŸǋsŎƼĶŸɴssEsŘsʩǼǣ
Provision for leave encashment - - ˧ˢ˟ʳ˨˟ ˦˨˦ʳ˦ˣ
ƻǋŸɚÞǣÞŸŘ¯Ÿǋ¶ǋǼȖÞǼɴʹŗŸǼsˡ˧ʺ ˠʰ˦˦˥ʳ˥ˤ ˠʰˢ˦˟ʳˣˡ ˠˢʳˣ˦ ˠ˟ʳˣˤ
1,776.65 1,370.42 844.37 808.19
Other provisions
ƻǋŸɚÞǣÞŸŘ¯ŸǋɠsĶǼÌǼɮ - - ˣʳˠ˦ ˧ʳ˦ˢ
ƻǋŸɚÞǣÞŸŘ¯ŸǋÞŘOŸŎsǼɮʹŘsǼŸ¯_ɚŘOsǼɮŸ¯ - - ˤˢˣʳˣ˧ ˢ˦ˣʳ˧˧
` ˢʰ˦˦˦ʳˤˡʹˡ˟ˠˤ˚`ˡʰ˦˟˟ʳˠˡʺʺ
Provision for litigation* - - ˡʰˠ˦ˤʳˤ˨ ˡʰˠ˦ˤʳˤ˨
Proposed dividend - - ˠʰ˧ˠˠʳˡ˟ ˦ʰˡˣ˟ʳ˨ˣ
ǻɮŸŘƼǋŸƼŸǣs__ÞɚÞ_sŘ_ - - ˢ˥˧ʳ˦ˡ ˠʰˣ˦ˣʳ˟˧
- - 4,894.16 11,274.22
1,776.65 1,370.42 5,738.53 12,082.41
ˎƻǋŸɚÞǣÞŸŘ¯ŸǋĶÞǼÞ¶ǼÞŸŘǋsĶǼsǣǼŸOsǋǼÞŘÞŘ_ÞǋsOǼǼɮOǣsǣƼsŘ_ÞŘ¶ǼɚǋÞŸȖǣĶsɚsĶǣʳǻÌsǋsÞǣŘŸŎŸɚsŎsŘǼÞŘǼÌsƼǋŸɚÞǣÞŸŘÞŘOȖǋǋsŘǼɴsǋʳ
As at As at
NOTE 10
TRADE PAYABLES
ǻŸǼĶŸȖǼǣǼŘ_ÞŘ¶_ȖsǣŸ¯ŎÞOǋŸsŘǼsǋƼǋÞǣsǣŘ_ǣŎĶĶsŘǼsǋƼǋÞǣsǣʹǋs¯sǋŘŸǼsˣˢ¯Ÿǋ_sǼÞĶǣŸ¯ ˣʰ˦ˠ˧ʳˤˣ ˢʰ˦ˣˠʳ˦˧
_ȖsǣǼŸŎÞOǋŸŘ_ǣŎĶĶsŘǼsǋƼǋÞǣsǣʺ
Total outstanding dues of creditors other than micro enterprises and small enterprises
Other trade payable ˤʰˤ˨˟ʳ˨ˤ ˣʰˡˤ˦ʳˠ˨
OOǋȖĶ¯ŸǋsɮƼsŘǣsǣ ˤʰ˦˦ˣʳˤˤ ˤʰˡˣ˦ʳ˧ˡ
16,084.04 13,246.79
As at As at
NOTE 11
OTHER CURRENT LIABILITIES
Interest accrued but not due on Long Term Borrowings - ˢ˦˦ʳˠ˥
Interest accrued and due on Long Term Borrowings ˨ʳ˟ˠ ˠ˟ʳ˧˨
Statutory Dues ˠʰ˨ˤˡʳˡ˨ ˠʰ˥˨˥ʳ˟ˣ
Unclaimed dividend * ˠˢ˨ʳˡ˧ ˤˢʳˢˣ
Security deposits ˢˢʳ˥ˤ ˥ˢʳ˟˨
Advances from customers ˥ˠˣʳˡ˧ ˡˠˡʳˣˢ
_ɚŘOsǣǼŸɠǋ_ǣʩɮs_ǣǣsǼǣˀÞŘɚsǣǼŎsŘǼƼǋŸƼsǋǼɴÌsĶ_¯ŸǋǣĶs ˡ˟ʳ˟˟ ˨ˤʳ˧ˣ
Creditors for capital goods ˨˧ʳˢ˨ ˠ˧˥ʳˡ˦
Accrual for sales promotion schemes ˠʰ˦˧˟ʳˣˤ ˠʰ˟ˠ˧ʳ˦˟
NȖǋǋsŘǼŎǼȖǋÞǼÞsǣŸ¯ĵŸŘ¶ǻsǋŎDŸǋǋŸɠÞŘ¶ǣʹŗŸǼs˥ʺ ˣˣʰˢˤˤʳ˟˟ ˠˡʰ˟ˢˤʳ˟˟
NȖǋǋsŘǼŎǼȖǋÞǼÞsǣŸ¯ƼǋsŎÞȖŎƼɴEĶsŸŘǋs_sŎƼǼÞŸŘŸ¯^sEsŘǼȖǋsǣʹŗŸǼs˧ʺ ˠˤʰˤ˧ˢʳˣˠ -
64,585.76 15,748.76
ˎǻÌsǋsǋsŘŸŎŸȖŘǼǣƼɴEĶsˀ_ȖsǼŸEsOǋs_ÞǼs_ǼŸÝŘɚsǣǼŸǋr_ȖOǼÞŸŘŘ_ƻǋŸǼsOǼÞŸŘ®ȖŘ_ʳ
NOTES
ˠˤ˧
` In Lacs
NOTE 12
TANGIBLE AND INTANGIBLE ASSETS
Particulars As at April 1, Addition Deletions As at March As at April 1, For the year For the year Deletions As at March As at April 1, Charge For Deletion As at March As at March As at March
2015 31, 2016 2015 adjusted to taken to 31, 2016 2015 the year* 31, 2016 31, 2016 31, 2015
reserve as statement of
per Schedule ƼǋŸʩǼ˓ĶŸǣǣ
II of the
Companies
Act 2013*
Intangible assets
Jyothy Laboratories Limited
Goodwill ˦˨ʰ˟ˤ˧ʳˡˢ - - ˦˨ʰ˟ˤ˧ʳˡˢ ˢ˦ˢʳˤˣ - - - ˢ˦ˢʳˤˣ ˤˠʳˤ˟ - - ˤˠʳˤ˟ ˦˧ʰ˥ˢˢʳˠ˨ ˦˧ʰ˥ˢˢʳˠ˨

˦˨ʰ˟ˤˣʳ˦˧ ˢʳˣˤ - ˦˨ʰ˟ˤ˧ʳˡˢ ˢ˦ˢʳˤˣ - - - ˢ˦ˢʳˤˣ ˤˠʳˤ˟ - - ˤˠʳˤ˟
ǻǋ_sŎǋĨǣŘ_NŸƼɴǋÞ¶ÌǼǣ̱ ˥ˠ˧ʳˣˣ - - ˥ˠ˧ʳˣˣ ˣ˧˨ʳ˨˨ - ˣˤʳˡ˧ - ˤˢˤʳˡ˦ ˡˢʳ˥˧ - - ˡˢʳ˥˧ ˤ˨ʳˣ˨ ˠ˟ˣʳ˦˦
˥ˠ˧ʳˣˣ - - ˥ˠ˧ʳˣˣ ˣˣˣʳˣˢ - ˣˤʳˤ˥ - ˣ˧˨ʳ˨˨ ˡˢʳ˥˧ - - ˡˢʳ˥˧
ħŘŸɠ˚ÌŸɠ ˥ˣ˦ʳˠˡ - - ˥ˣ˦ʳˠˡ ˥ˣ˦ʳˠˡ - - - ˥ˣ˦ʳˠˡ - - - - - -
˥ˣ˦ʳˠˡ - - ˥ˣ˦ʳˠˡ ˤ˦ˤʳˣˤ - ˦ˠʳ˥˦ - ˥ˣ˦ʳˠˡ - - - -
Software's and Licences ˣ˧ˠʳˠˤ ˣ˦ʳˣˢ - ˤˡ˧ʳˤ˧ ˠ˧˧ʳˠ˟ - ˤ˟ʳˡˢ - ˡˢ˧ʳˢˢ - - - - ˡ˨˟ʳˡˤ ˡ˨ˢʳ˟ˤ
ˢ˧˨ʳ˧ˡ ˠˠ˦ʳ˦ˡ ˡ˥ʳˢ˨ ˣ˧ˠʳˠˤ ˠ˥ˢʳˣˠ - ˤˠʳ˟˥ ˡ˥ʳˢ˦ ˠ˧˧ʳˠ˟ - - - -
Total intangible assets 80,804.94 47.43 - 80,852.37 1,698.75 - 95.51 - 1,794.26 75.18 - - 75.18 78,982.93 79,031.01
˧˟ʰ˦ˠ˟ʳˠ˥ ˠˡˠʳˠ˦ ˡ˥ʳˢ˨ ˧˟ʰ˧˟ˣʳ˨ˣ ˠʰˤˤ˥ʳ˧ˢ - ˠ˥˧ʳˡ˨ ˡ˥ʳˢ˦ ˠʰ˥˨˧ʳ˦ˤ ˦ˤʳˠ˧ - - ˦ˤʳˠ˧
Tangible assets
Freehold land ^ ˢʰ˦ˡ˦ʳˢ˟ - - ˢʰ˦ˡ˦ʳˢ˟ - - - - - - - - - ˢʰ˦ˡ˦ʳˢ˟ ˢʰ˦ˡ˦ʳˢ˟
ˢʰ˥˨ˢʳ˨˦ ˢˢʳˢˢ - ˢʰ˦ˡ˦ʳˢ˟ - - - - - - - - -
Leasehold land ˢ˨˟ʳ˦ˣ - - ˢ˨˟ʳ˦ˣ ˢ˧ʳˤˤ - ˢʳ˨˨ - ˣˡʳˤˣ - - - - ˢˣ˧ʳˡ˟ ˢˤˡʳˠ˨
ˢ˨˟ʳ˦ˣ - - ˢ˨˟ʳ˦ˣ ˢˣʳˤ˥ - ˢʳ˨˨ - ˢ˧ʳˤˤ - - - -
Building # ˠˤʰ˨˦ˤʳˣ˥ ˥˟˨ʳ˧˟ ˥ˡʳ˧˧ ˠ˥ʰˤˡˡʳˢ˧ ˢʰ˨ˡˤʳ˥ˣ - ˤˤ˟ʳˤ˧ ˡˡʳ˥ˡ ˣʰˣˤˢʳ˥˟ - - - - ˠˡʰ˟˥˧ʳ˦˧ ˠˡʰ˟ˣ˨ʳ˧ˡ
ˠˤʰ˦˨ˢʳˡˣ ˠ˨˦ʳ˟˟ ˠˣʳ˦˧ ˠˤʰ˨˦ˤʳˣ˥ ˢʰˢ˨˟ʳˤ˧ - ˤˣ˟ʳˣ˧ ˤʳˣˡ ˢʰ˨ˡˤʳ˥ˣ - - - -
Plant and machinery ˡˣʰˡ˧ˢʳˤ˧ ˠʰ˧ˡˠʳ˦ˠ ˠʰ˟ˡ˟ʳ˦ˢ ˡˤʰ˟˧ˣʳˤ˥ ˠˠʰˣ˥˦ʳˤˠ - ˠʰ˨˥˨ʳˡ˟ ˧ˤˣʳ˧˨ ˠˡʰˤ˧ˠʳ˧ˡ ˡʰ˟˨˧ʳˣ˧ - ˢʳˤˢ ˡʰ˟˨ˣʳ˨ˤ ˠ˟ʰˣ˟˦ʳ˦˨ ˠ˟ʰ˦ˠ˦ʳˤ˨
ˡˣʰˣˡˣʳ˟ˡ ˦ˣˡʳ˨˨ ˧˧ˢʳˣˢ ˡˣʰˡ˧ˢʳˤ˧ ˨ʰ˨ˤˡʳ˨˟ ˨ˤʳˠ˧ ˠʰ˧ˣ˥ʳˡˢ ˣˡ˥ʳ˧˟ ˠˠʰˣ˥˦ʳˤˠ ˡʰˣ˟˦ʳˠ˥ - ˢ˟˧ʳ˥˧ ˡʰ˟˨˧ʳˣ˧
Dies and moulds ˥˧ˤʳ˥ˤ ˣ˧ʳ˟˟ ˥˥ʳ˧ˠ ˥˥˥ʳ˧ˣ ˤˠˠʳ˧˨ - ˨ˤʳ˟ˢ ˥ˣʳ˥ˠ ˤˣˡʳˢˠ - - - - ˠˡˣʳˤˢ ˠ˦ˢʳ˦˥
˥˧ˠʳˢ˨ ˠ˦˥ʳ˨ˢ ˠ˦ˡʳ˥˦ ˥˧ˤʳ˥ˤ ˤˤˤʳˤˠ ˣʳˤ˧ ˠˡˢʳ˦ˠ ˠ˦ˠʳ˨ˠ ˤˠˠʳ˧˨ - - - -
®ȖǋŘÞǼȖǋsŘ_ʩɮǼȖǋs ˠʰ˟ˠ˦ʳ˥˥ ˥ˤʳˢ˟ ˣˠʳˡˤ ˠʰ˟ˣˠʳ˦ˠ ˤ˥ˤʳ˥ˤ - ˠ˟˧ʳ˥˟ ˢˤʳˡ˧ ˥ˢ˧ʳ˨˦ ˠʳ˟˦ - - ˠʳ˟˦ ˣ˟ˠʳ˥˦ ˣˤ˟ʳ˨ˣ
ˠʰ˟˦ˡʳ˟ˠ ˠ˧ʳˠˢ ˦ˡʳˣ˧ ˠʰ˟ˠ˦ʳ˥˥ ˣˤ˥ʳ˨˟ ˡˤʳ˨˧ ˠˤˠʳ˨˥ ˥˨ʳˠ˨ ˤ˥ˤʳ˥ˤ ˠʳ˟˦ - - ˠʳ˟˦
Leasehold Improvements ˣ˟ˡʳ˟ˠ ˠʳˠ˟ ˨ˤʳ˟˥ ˢ˟˧ʳ˟ˤ ˢˠ˦ʳˢˤ - ˣ˧ʳ˥ˤ ˧ˡʳˤ˥ ˡ˧ˢʳˣˣ - - - - ˡˣʳ˥ˠ ˧ˣʳ˥˥
ˤˢˠʳˤˣ ˨˥ʳˢˡ ˡˡˤʳ˧ˤ ˣ˟ˡʳ˟ˠ ˣ˥ˢʳˠ˦ - ˧˟ʳ˟ˢ ˡˡˤʳ˧ˤ ˢˠ˦ʳˢˤ - - - -
ŷ¯ʩOssǇȖÞƼŎsŘǼǣ ˠʰˣ˥˥ʳ˧˧ ˠˡˣʳ˧˦ ˠˣ˟ʳ˦ˤ ˠʰˣˤˠʳ˟˟ ˠʰˠˠ˥ʳˤˠ - ˠˣ˥ʳ˟˧ ˠˢ˦ʳ˧˦ ˠʰˠˡˣʳ˦ˡ ˠˡʳ˦ˤ - - ˠˡʳ˦ˤ ˢˠˢʳˤˢ ˢˢ˦ʳ˥ˡ
ˠʰˣˠ˦ʳˤ˟ ˠ˦ˣʳ˟˧ ˠˡˣʳ˦˟ ˠʰˣ˥˥ʳ˧˧ ˧˟ˡʳ˥ˡ ˡˢ˟ʳ˦˧ ˡ˟ˣʳ˦ˤ ˠˡˠʳ˥ˣ ˠʰˠˠ˥ʳˤˠ ˠˣʳ˟˧ - ˠʳˢˢ ˠˡʳ˦ˤ
əsÌÞOĶs ˠʰ˟˟˥ʳ˧˟ ˢˢʳˠ˧ ˣ˨ʳ˟ˡ ˨˨˟ʳ˨˥ ˤˡ˧ʳˤ˥ - ˠˡˡʳˤˠ ˢ˨ʳˣˠ ˥ˠˠʳ˥˥ ˟ʳ˨ˠ - - ˟ʳ˨ˠ ˢ˦˧ʳˢ˨ ˣ˦˦ʳˢˢ
˧˧˧ʳ˦ˤ ˡˢ˥ʳˢ˨ ˠˠ˧ʳˢˣ ˠʰ˟˟˥ʳ˧˟ ˣ˧ˢʳˠˢ ˦ʳˠˤ ˠˢˤʳˠˠ ˨˥ʳ˧ˢ ˤˡ˧ʳˤ˥ ˟ʳ˨ˠ - - ˟ʳ˨ˠ
Total tangible assets 48,956.08 2,703.96 1,476.50 50,183.54 18,471.66 - 3,044.64 1,237.24 20,279.06 2,113.21 - 3.53 2,109.68 27,794.80 28,371.21
ˣ˧ʰ˧˨ˢʳˠ˥ ˠʰ˥˦ˤʳˠ˦ ˠʰ˥ˠˡʳˡˤ ˣ˧ʰ˨ˤ˥ʳ˟˧ ˠ˥ʰˠˢ˨ʳˢ˦ ˢ˥ˢʳ˥˦ ˢʰ˟˧˥ʳˡ˥ ˠʰˠˠ˦ʳ˥ˣ ˠ˧ʰˣ˦ˠʳ˥˥ ˡʰˣˡˢʳˡˡ - ˢˠ˟ʳ˟ˠ ˡʰˠˠˢʳˡˠ
Total 1,29,761.02 2,751.39 1,476.50 1,31,035.91 20,170.41 - 3,140.15 1,237.24 22,073.32 2,188.39 - 3.53 2,184.86 1,06,777.73 1,07,402.22
Previous year ˠʰˡ˨ʰ˥˟ˢʳˢˡ ˠʰ˦˨˥ʳˢˣ ˠʰ˥ˢ˧ʳ˥ˣ ˠʰˡ˨ʰ˦˥ˠʳ˟ˠ ˠ˦ʰ˥˨˥ʳˡ˟ ˢ˥ˢʳ˥˦ ˢʰˡˤˣʳˤˤ ˠʰˠˣˣʳ˟ˠ ˡ˟ʰˠ˦˟ʳˣˠ ˡʰˣ˨˧ʳˣ˟ - ˢˠ˟ʳ˟ˠ ˡʰˠ˧˧ʳˢ˨
̱ ÝŘOĶȖ_sǣǼǋ_sŎǋĨǣŘ_OŸƼɴǋÞ¶ÌǼǣŸ¯`ˢˠˤʳ˥ˢʹˡ˟ˠˤ˚` ˢˠˤʳ˥ˢʺƼsŘ_ÞŘ¶¯Ÿǋǋs¶ÞǣǼǋǼÞŸŘÞŘǼÌsŘŎsŸ¯ǼÌsNŸŎƼŘɴŘ_`ˢ˦ʳ˥ˢʹˡ˟ˠˤ˚`ˢ˦ʳ˥ˢʺƼsŘ_ÞŘ¶¯Ÿǋǋs¶ÞǣǼǋǼÞŸŘÞŘǼÌsŘŎsŸ¯ǼÌsğɴŸǼÌɴ®EǋÞOǋsǢsǋɚÞOsǣĵÞŎÞǼs_ʳ
# Includes `ˣˤˡʳˠ˨ʹˡ˟ˠˤ˚`ˣˤˡʳˠ˨ʺǋsƼǋsǣsŘǼs_EɴȖŘǇȖŸǼs_¯ȖĶĶɴƼÞ_ǣÌǋsǣǼOŸǣǼÞŘɚǋÞŸȖǣOŸ˚ŸƼsǋǼÞɚsǣŸOÞsǼÞsǣʳ®ȖǋǼÌsǋʰĶǣŸǋs¯sǋŗŸǼsˢˢʳ
^ Land title deed relating to freehold land of `ˤˢ˥ʳˣˠʹˡ˟ˠˤ˚`ˤˢ˥ʳˣˠʺǋsƼsŘ_ÞŘ¶¯Ÿǋǋs¶ÞǣǼǋǼÞŸŘÞŘǼÌsŘŎsŸ¯ğɴŸǼÌɴ®EǋÞOǋsǢsǋɚÞOsǣĵÞŎÞǼs_ʳ
ˎ r¯¯sOǼÞɚsƼǋÞĶˠʰˡ˟ˠˣʰǼÌs¶ǋŸȖƼÌ_ǋsɚÞǣs_ǼÌsȖǣs¯ȖĶĶÞɚsǣŸ¯OsǋǼÞŘʩɮs_ǣǣsǼǣEǣs_ŸŘǢOÌs_ȖĶsÝÝǼŸǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢ¯ŸǋǼÌsƼȖǋƼŸǣsǣŸ¯ƼǋŸɚÞ_ÞŘ¶_sƼǋsOÞǼÞŸŘŸŘʩɮs_ǣǣsǼǣʳOOŸǋ_ÞŘ¶ĶɴʰǼÌsOǋǋɴÞŘ¶ŎŸȖŘǼ
Ÿ¯ǼÌsǣǣsǼǣǣŸŘƼǋÞĶˠʰˡ˟ˠˣɠǣ_sƼǋsOÞǼs_ŸɚsǋǼÌsǋsŎÞŘÞŘ¶ǋsɚÞǣs_Ȗǣs¯ȖĶĶÞ¯sŸ¯ǼÌsʩɮs_ǣǣsǼǣʳ®ȖǋǼÌsǋʰŘŎŸȖŘǼŸ¯`ŗÞĶʹˡ˟ˠˤ˚`ˢ˥ˢʳ˥˦ʺʹŗsǼŸ¯Ǽɮ`ŗÞĶʺǋsƼǋsǣsŘǼÞŘ¶ǼÌsOǋǋɴÞŘ¶ŎŸȖŘǼŸ¯ǼÌsǣǣsǼǣɠÞǼÌ
ǋsɚÞǣs_Ȗǣs¯ȖĶĶÞ¯sǣŗÞĶʰɠǣOÌǋ¶s_ǼŸǼÌsŸƼsŘÞŘ¶ǋsǣsǋɚsǣǣŸŘƼǋÞĶˠʰˡ˟ˠˣʳ
Corporate Overview Performance Governance Financial Statements ˠˤ˨
NOTES
` In Lacs
As at As at
NOTE 13
ŗŷŗNȕǊǊrŗǻÝŗərǢǻōrŗǻǢʹǼOŸǣǼʰȖŘĶsǣǣǣǼǼs_ŸǼÌsǋɠÞǣsʺ
ÝŘɚsǣǼŎsŘǼƼǋŸƼsǋǼɴʹ®ǋssÌŸĶ_ĶŘ_ʺ˞ - ˠˣ˦ʳˢ˟
Trade Investments (Unquoted)
ËsŘĨsĶǢƻÝNrŎƼĶŸɴssǣNŸ˚ŸƼsǋǼÞɚsǻÌǋÞ¯ǼŘ_Nǋs_ÞǼǢŸOÞsǼɴĵÞŎÞǼs_
ˡʰ˟˟˟ʹˡ˟ˠˤ˚ˡʰ˟˟˟ʺsǇȖÞǼɴǣÌǋsǣŸ¯`ˠ˟˟ʹˡ˟ˠˤ˚`ˠ˟˟ʺsOÌ¯ȖĶĶɴƼÞ_ȖƼ ˡʳ˟˟ ˡʳ˟˟
NƼsɮÞĶʹ¶sŘOÞsǣʺĵǼ_
ˤʹˡ˟ˠˤ˚ˤʺsǇȖÞǼɴǣÌǋsǣŸ¯`ˠʰ˟˟˟ʹˡ˟ˠˤ˚`ˠʰ˟˟˟ʺsOÌ¯ȖĶĶɴƼÞ_ȖƼ ˟ʳ˟ˤ ˟ʳ˟ˤ
Madras Industrial Cooperative Analytical Laboratory Limited
ˡʹˡ˟ˠˤ˚ˡʺsǇȖÞǼɴǣÌǋsǣŸ¯`ˤ˟˟ʹˡ˟ˠˤ˚`ˤ˟˟ʺsOÌ¯ȖĶĶɴƼÞ_ȖƼ ˟ʳ˟ˠ ˟ʳ˟ˠ
2.06 2.06
ĵsǣǣʲƻǋŸɚÞǣÞŸŘ¯Ÿǋ_ÞŎÞŘȖǼÞŸŘÞŘǼÌsɚĶȖsŸ¯ÞŘɚsǣǼŎsŘǼǣ ʹ˟ʳ˟˥ʺ ʹ˟ʳ˟˥ʺ
2.00 2.00
Non-Trade Investment (Unquoted)
Investment in Government Securities
ÝŘ_ÞǋəÞĨǣƻǼǋ ˟ʳ˟ˡ ˟ʳ˟ˡ
ŗǼÞŸŘĶǢɚÞŘ¶NsǋǼÞʩOǼsǣʹƻĶs_¶s_ɠÞǼÌµŸɚsǋŘŎsŘǼȖǼÌŸǋÞǼÞsǣʺ ˟ʳˤ˦ ˟ʳˤ˦
0.59 0.59
2.59 149.89
Aggregate amount of unquoted investments ˡʳˤ˨ ˠˣ˨ʳ˧˨
˞ǢÞŘOsǼÌÞǣÞǣ¯ǋssÌŸĶ_ĶŘ_ŘŸ_sƼǋsOÞǼÞŸŘÞǣOÌǋ¶s_ŸŘǣŎsʳ
NON CURRENT CURRENT
NOTE 14
LOANS AND ADVANCES
Unsecured, considered good unless
ŸǼÌsǋɠÞǣsǣǼǼs_
Capital Advances ˧˟ˤʳ˨˟ ˠˤˡʳ˧˨ - -
Advance to suppliers* ˤ˧ʳˣˤ ˥ˤʳ˧ˤ ˠʰˤ˧ˤʳˤ˨ ˠʰˤ˟˟ʳ˨˦
DĶŘOsɠÞǼÌsɮOÞǣsŘ_əǻȖǼÌŸǋÞǼÞsǣˎ - - ˠʰˢˢˢʳˠ˥ ˠʰ˨ˣ˨ʳ˨˥
MAT Credit entitlement ˨ʰˠ˨ˣʳˢ˨ ˥ʰˢˣˣʳˠˣ - -
Deposits* ˠʰ˨˦˥ʳˣ˧ ˨˥ˤʳ˦ˢ ˡˠ˧ʳˠˤ ˠ˥ˢʳ˦˟
DĶŘOsɠÞǼÌ¶ŸɚsǋŘŎsŘǼȖǼÌŸǋÞǼÞsǣˎʹŗŸǼsˢ˧ʺ ˦ʰ˨ˤˤʳ˟˦ ˦ʰˢˣ˥ʳ˧ˡ ˨ˤʳ˟ˠ ˨ˤʳˤ˨
ƻǋsƼÞ_rɮƼsŘǣsǣ ˣʳˣ˧ ˠʳˠ˧ ˠˤ˟ʳ˨˥ ˠ˨ˡʳˣˣ
_ɚŘOs ÞŘOŸŎs Ǽɮ ʹŘsǼ Ÿ¯ ƼǋŸɚÞǣÞŸŘǣ Ÿ¯ ˢʰˠ˟ˡʳ˥˥ ˡʰ˟˧˨ʳˤ˨ ˤˡʳ˨ˣ ˢ˨ʳˡˤ
`˨ʰ˨˥˥ʳ˨˟ʹˡ˟ˠˤ˚`˥ʰ˧˨ˠʳ˨˟ʺʺ
Other receivables* ˧ˤˢʳ˦˨ ˨˦˨ʳˣˠ ˣˡˣʳˡˢ ˣ˥ˠʳ˧˟
ĵsǣǣʲƻǋŸɚÞǣÞŸŘǣ¯Ÿǋ_ŸȖEǼ¯ȖĶ_ɚŘOsǣ ʹˡˤˠʳ˦ˣʺ ʹˡ˨˨ʳ˨˦ʺ ʹˠʰˡ˨˧ʳˢ˨ʺ ʹˠʰˡˡ˨ʳ˥ˣʺ
23,699.48 17,645.64 2,561.65 3,174.07
ˎ _ɚŘOsǣ ǼŸ ǣȖƼƼĶÞsǋǣʰ DĶŘOs ɠÞǼÌ sɮOÞǣs Ř_ əǻ ȖǼÌŸǋÞǼÞsǣʰ DĶŘOs ɠÞǼÌ ¶ŸɚsǋŘŎsŘǼ ȖǼÌŸǋÞǼÞsǣʰ ^sƼŸǣÞǼǣʰ NƼÞǼĶ _ɚŘOsǣ Ř_ ŷǼÌsǋ
receivables include `ˣˤˣʳˡ˦ʹˡ˟ˠˤ˚ˢ˧ˤʳˤˡʺʰ`˧˧ˠʳˤ˟ʹˡ˟ˠˤ˚`˧˧ˠʳˤ˟ʺʰ`ˠ˥˦ʳ˟ˠʹˡ˟ˠˤ˚`ˠ˥˦ʳ˟˟ʺʰ`ˡˠʳ˟ˢʹˡ˟ˠˤ˚`ˣ˨ʳˡ˥ʺʰ`ŗÞĶʹˡ˟ˠˤ˚`ˡ˟ʳ˟ˠʺ
and `ˡ˥ʳˢˡʹˡ˟ˠˤ˚`ˡ˥ʳˢˡʺǋsǣƼsOǼÞɚsĶɴʰOŸŘǣÞ_sǋs__ŸȖEǼ¯ȖĶŘ_¯ȖĶĶɴƼǋŸɚÞ_s_¯Ÿǋʳ
NOTES
` In Lacs
NON CURRENT CURRENT
NOTE 15
OTHER ASSETS
Unsecured, considered good
Inventory-Sales Promotions Items - - ˡˣˡʳ˥ˤ ˡ˨ˣʳ˥ˠ
Interest accrued but not due - - - ˡʳ˟ˠ
ÝŘɚsǣǼŎsŘǼƼǋŸƼsǋǼɴʹ®ǋssÌŸĶ_ĶŘ_ʺÌsĶ_¯ŸǋǣĶs - - ˠˣ˦ʳˢ˟ -
®Þɮs__sƼŸǣÞǼɠÞǼÌDŘĨǣʹŗŸǼsˠ˨ʺ ˨ˢʳ˧˦ ˡˤ˟ʳ˨ˢ ˡ˥˥ʳ˧˧ ˡ˟˦ʳ˟ˣ
93.87 250.93 656.83 503.66
As at As at
NOTE 16
NȕǊǊrŗǻÝŗərǢǻōrŗǻǢǆȖŸǼs_ʹNŸǣǼŸǋ®ÞǋɚĶȖsɠÌÞOÌsɚsǋÞǣĶŸɠsǋʺ
ɮÞǣDŘĨÞŘ¶^sEǼ®ȖŘ_˚µǋŸɠǼÌ
ŗÞĶʹˡ˟ˠˤ˚ˠˢˢʰ˧ˤ˨ʳ˨˦ʺȖŘÞǼǣŸ¯`ŗÞĶʹˡ˟ˠˤ˚`ˠʰ˟˟˟ʺsOÌ - ˠʰ˦˟˟ʳ˟˟
ɮÞǣĵÞǇȖÞ_®ȖŘ_˚µǋŸɠǼÌ
ˠ˨˟ʰ˧˧ˤʳ˥˥˧ʹˡ˟ˠˤ˚ŗÞĶʺȖŘÞǼǣŸ¯`ˠʰ˟˟˟ʹˡ˟ˠˤ˚`ŗÞĶʺsOÌ ˢʰˡ˟˟ʳ˟˟ -
ɮÞǣǢÌŸǋǼǻsǋŎ®ȖŘ_
ŗÞĶʹˡ˟ˠˤ˚ˢʰˡ˨˧ʰˤˣˣʳ˥˧ʺȖŘÞǼǣŸ¯`ŗÞĶʹˡ˟ˠˤ˚`ˠ˟ʺsOÌ - ˤ˟˟ʳ˟˟
ɮÞǣǻǋsǣȖǋɴ_ɚŘǼ¶s®ȖŘ_˚µǋŸɠǼÌ
ŗÞĶʹˡ˟ˠˤ˚ˡ˥ˤʰ˟ˠ˧ʳ˦ˠʺȖŘÞǼǣŸ¯`ŗÞĶʹˡ˟ˠˤ˚`ˠʰ˟˟˟ʺsOÌ - ˣʰ˟ˤ˟ʳ˟˟
Ë^®NµÞĶǼ®ȖŘ_ĵŸŘ¶ǻsǋŎƻĶŘ˚^ÞǋsOǼƻĶŘ˚µǋŸɠǼÌ
ŗÞĶʹˡ˟ˠˤ˚ˤʰ˥˦ˡʰˣˢ˧ʳˤˣʺȖŘÞǼǣŸ¯`ŗÞĶʹˡ˟ˠˤ˚`ˠ˟ʺsOÌ - ˠʰ˥˟˟ʳ˟˟
Ë^®NËÞ¶ÌÝŘǼsǋsǣǼ®ȖŘ_˚^ɴŘŎÞOƻĶŘ
ŗÞĶʹˡ˟ˠˤ˚˧ˠˤʰˡ˧ˠʳ˥ˣʺȖŘÞǼǣŸ¯`ŗÞĶʹˡ˟ˠˤ˚`ˠ˟ʺsOÌ - ˣ˟˟ʳ˟˟
ICICI Prudential STP - Growth
ŗÞĶʹˡ˟ˠˤ˚ˠʰ˦˧ˤʰ˨ˠˡʳ˟ˠʺȖŘÞǼǣŸ¯`ŗÞĶʹˡ˟ˠˤ˚`ˠ˟ʺsOÌ - ˤ˟˟ʳ˟˟
ICICI Prudential Ultra Short Term Plan - Dir - Gr
ŗÞĶʹˡ˟ˠˤ˚ˠˠʰˣ˦ˤʰ˨˥ˠʳˣˤʺȖŘÞǼǣŸ¯`ŗÞĶʹˡ˟ˠˤ˚`ˠ˟ʺsOÌ - ˠʰ˥˟˟ʳ˟˟
Indiabulls Ultra Short Term Fund
˦˦ʰˠ˦˨ʳ˥˟ˢʹˡ˟ˠˤ˚ˠˠˤʰˤˤ˥ʳˣ˧ʺȖŘÞǼǣŸ¯`ˠʰ˟˟˟ʹˡ˟ˠˤ˚`ˠʰ˟˟˟ʺsOÌ ˠʰˠ˟˟ʳ˟˟ ˠʰˤˤ˟ʳ˟˟
Reliance Short Term Fund
ŗÞĶʹˡ˟ˠˤ˚ˤʰˠˣˢʰˠˢ˨ʳ˥ˣʺȖŘÞǼǣŸ¯`ŗÞĶʹˡ˟ˠˤ˚`ˠ˟ʺsOÌ - ˠʰˢˤ˟ʳ˟˟
Religare Invesco Short Term Fund
ŗÞĶʹˡ˟ˠˤ˚ˤˢʰˠˣ˨ʳ˦ˡʺȖŘÞǼǣŸ¯`ŗÞĶʹˡ˟ˠˤ˚`ˠʰ˟˟˟ʺsOÌ - ˠʰ˟˟˟ʳ˟˟
Reliance Invesco Ultra Short Term Fund - Direct Plan
ŗÞĶʹˡ˟ˠˤ˚ˤˠʰˤ˧ˣʳ˥ˢʺȖŘÞǼǣŸ¯`ŗÞĶʹˡ˟ˠˤ˚`ˠʰ˟˟˟ʺsOÌ - ˠʰ˟˟˟ʳ˟˟
Tauras Short Term Income Fund
ŗÞĶʹˡ˟ˠˤ˚ˡ˟ʰˣ˟ˠʳˤ˥ʺȖŘÞǼǣŸ¯`ŗÞĶʹˡ˟ˠˤ˚`ˠʰ˟˟˟ʺsOÌ - ˤ˟˟ʳ˟˟
Tauras Ultra Short Term Bond Fund Super Institution
ˠ˥ʰˡ˨ˢʳˣ˧ˤʹˡ˟ˠˤ˚ˣˠʰˤ˨ˢʳˣˡʺȖŘÞǼǣŸ¯`ˠʰ˟˟˟ʹˡ˟ˠˤ˚`ˠʰ˟˟˟ʺsOÌ ˢ˟˟ʳ˟˟ ˦˟˟ʳ˟˟
NOTES
` In Lacs
As at As at
ɮÞǣǻǋsǣȖǋɴ_ɚŘǼ¶s®ȖŘ_˚^ÞǋsOǼµǋŸɠǼÌ
ŗÞĶʹˡ˟ˠˤ˚ˠʰˣ˥ˤʳ˦ˠˣʺȖŘÞǼǣŸ¯`ŗÞĶʹˡ˟ˠˤ˚`ˠʰˣ˨˧ʳ˧˨ˠˣʺsOÌ - ˡˠʳ˨˦
ǊsĶÞ¶ǋsÝŘɚsǣOŸNǋs_ÞǼŷƼƼŸǋǼȖŘÞǼÞsǣ®ȖŘ_˚µǋŸɠǼÌʹNŷ˚Ýµʺ
ŗÞĶʹˡ˟ˠˤ˚ˣ˥ʰ˥˦˧ʳˡˡˤʺȖŘÞǼǣŸ¯`ŗÞĶʹˡ˟ˠˤ˚`ˠʰˤ˥ˢʳˠ˨˦ˡʺsOÌ - ˦ˡ˨ʳ˥˦
TSTG Tata Short Term Bond Fund Plan A - Growth
ˠʰ˨ˤˢʰˣ˟˦ʳˢˡ˧ʹˡ˟ˠˤ˚ˠʰ˨ˤˢʰˣ˟˦ʳˢˡ˧ʺȖŘÞǼǣŸ¯`ˡˤʳˤ˨˥ˢʹˡ˟ˠˤ˚`ˡˤʳˤ˨˥ˢʺsOÌ ˤ˟˟ʳ˟˟ ˤ˟˟ʳ˟˟
Ë^®NËÞ¶ÌÝŘǼsǋsǣǼ®ȖŘ_˚^ɴŘŎÞOƻĶŘ˚µǋŸɠǼÌ
ˠʰ˟ˢ˦ʰˠˤ˟ʳ˦ˢ˨ʹˡ˟ˠˤ˚ˠʰ˟ˢ˦ʰˠˤ˟ʳ˦ˢ˨ʺȖŘÞǼǣŸ¯`ˣ˧ʳˡ˟˨˟ʹˡ˟ˠˤ˚`ˣ˧ʳˡ˟˨˟ʺsOÌ ˤ˟˟ʳ˟˟ ˤ˟˟ʳ˟˟
®ǋŘĨĶÞŘÝŘ_ÞĵŸɠ^ȖǋǼÞŸŘ®ȖŘ_˚µǋŸɠǼÌ
ŗÞĶʹˡ˟ˠˤ˚˥ʰ˥ˣˤʰ˥ˡˡʳˠ˨˥ʺȖŘÞǼǣŸ¯`ŗÞĶʹˡ˟ˠˤ˚`ˠˤʳ˟ˣ˦ˤʺsOÌ - ˠʰ˟˟˟ʳ˟˟
ħŸǼĨĵŸɠ^ȖǋǼÞŸŘ®ȖŘ_
˨˨ʰ˧ˡˡʳ˟˥˦ʹˡ˟ˠˤ˚ŗÞĶʺȖŘÞǼǣŸ¯`ˠʰ˟˟˟ʹˡ˟ˠˤ˚`ŗÞĶʺsOÌ ˠʰ˦ˣˡʳˤˠ -
Tauras Dynamic Income Fund - Growth Option
˥˧ʰˢˡʰˣ˧˨ʳˠ˨˨ʹˡ˟ˠˤ˚ŗÞĶʺȖŘÞǼǣŸ¯`ˠ˟ʹˡ˟ˠˤ˚`ŗÞĶʺsOÌ ˠʰ˟˟ˠʳˣ˨ -
8,344.00 19,201.64
Aggregate amount of quoted investments ˧ʰˢˣˣʳ˟˟ ˠ˨ʰˡ˟ˠʳ˥ˣ
ōǋĨsǼɚĶȖsŸ¯ǇȖŸǼs_ÞŘɚsǣǼŎsŘǼǣ ˧ʰˤ˧˨ʳˠˤ ˠ˨ʰˣ˨˦ʳˤ˦
As at As at
NOTE 17
ÝŗərŗǻŷǊÝrǢʹəĶȖs_ǼĶŸɠsǋŸ¯OŸǣǼŸǋŘsǼǋsĶÞǣEĶsɚĶȖsʺ
ǊɠŘ_ƼOĨÞŘ¶ŎǼsǋÞĶǣʹÞŘOĶȖ_ÞŘ¶¶ŸŸ_ǣÞŘǼǋŘǣÞǼ`ˡʳˠ˨ʹˡ˟ˠˤ˚`ŗÞĶʺʺ ˤʰ˟ˢˣʳˠ˧ ˤʰˡˢ˧ʳ˨˨
ɟŸǋĨÞŘƼǋŸ¶ǋsǣǣ ˠʰˤˣ˦ʳ˦ˡ ˠʰˢ˦ˠʳˡ˧
Finished goods manufactured ˧ʰ˟˧˨ʳˣˣ ˦ʰˢ˨ˤʳˠˡ
ǻǋ_s_µŸŸ_ǣʹÞŘOĶȖ_ÞŘ¶¶ŸŸ_ǣÞŘǼǋŘǣÞǼ`ˡˤˢʳ˥˥ʹˡ˟ˠˤ˚` ˢˡˡʳ˧˨ʺʺ ˢʰˠˤˣʳˢˠ ˣʰˠˠˢʳ˟˨
ǢǼŸǋsǣʰŷƼsǋǼÞŘ¶ǣȖƼƼĶÞsǣŘ_ǣƼǋsƼǋǼǣ ˣˢ˨ʳ˧ˤ ˣ˟ˠʳ˧˧
18,265.50 18,520.36
As at As at
NOTE 18
TRADE RECEIVABLES
Unsecured
ʺ ŷȖǼǣǼŘ_ÞŘ¶¯ŸǋƼsǋÞŸ_sɮOss_ÞŘ¶ǣÞɮŎŸŘǼÌǣ¯ǋŸŎǼÌs_ǼsǼÌsɴǋs_Ȗs¯ŸǋƼɴŎsŘǼ
Considered good ˧˦˥ʳˣ˟ ˧˦ˡʳˣ˨
Considered doubtful ˠʰˡ˟˟ʳˤˣ ˠʰˢ˨˦ʳˠˠ
ĵsǣǣʲƻǋŸɚÞǣÞŸŘ¯Ÿǋ_ŸȖEǼ¯ȖĶǋsOsÞɚEĶsǣ ʹˠʰˡ˟˟ʳˤˣʺ ʹˠʰˢ˨˦ʳˠˠʺ
876.40 872.49
Eʺ ŷǼÌsǋǋsOsÞɚEĶsʰOŸŘǣÞ_sǋs_¶ŸŸ_ ˧ʰˤˢˣʳ˥ˢ ˣʰ˧˥˨ʳˣˠ
9,411.03 5,741.90
NOTES
` In Lacs
NON CURRENT CURRENT

NOTE 19
CASH AND BANK BALANCES
Cash in hand - - ˢ˦ʳ˧ˣ ˣˡʳ˥˨
DĶŘOsɠÞǼÌEŘĨǣ˚NȖǋǋsŘǼOOŸȖŘǼ - - ˠʰ˦˥ˣʳ˨˥ ˡʰˣ˦˦ʳ˨˦
˚ ^sƼŸǣÞǼ OOŸȖŘǼ ʹŷǋÞ¶ÞŘĶ ŎǼȖǋÞǼɴ Ÿ¯ Ķsǣǣ - - ˣˡˤʳˢˡ -
ǼÌŘǼÌǋssŎŸŘǼÌǣʺ
Unclaimed dividend accounts - - ˠˢ˨ʳˡ˧ ˤˢʳˢˣ
- - 2,367.40 2,574.00
Other bank balances
^sƼŸǣÞǼ OOŸȖŘǼ ʹŷǋÞ¶ÞŘĶ ŎǼȖǋÞǼɴ Ÿ¯ ŎŸǋs - - ˡ˦ˢʳ˥ˢ ˤ˦ˡʳ˟ˢ
ǼÌŘǼÌǋssŎŸŘǼÌǣʺ
Deposits with original maturity for more than ˨ˢʳ˧˦ ˡˤ˟ʳ˨ˢ ˢʰ˦ˣˤʳ˥˨ ˣʰˤˡˢʳ˦˟
12 months*
ŎŸȖŘǼ_ÞǣOĶŸǣs_ȖŘ_sǋ˄ŸǼÌsǋǣǣsǼǣ˅ʹŗŸǼsˠˤʺ ʹ˨ˢʳ˧˦ʺ ʹˡˤ˟ʳ˨ˢʺ ʹˡ˥˥ʳ˧˧ʺ ʹˡ˟˦ʳ˟ˣʺ
- - 3,752.44 4,888.69
- - 6,119.84 7,462.69
ˎÝŘOĶȖ_sǣ_sƼŸǣÞǼǣƼǋŸɚÞ_s_ǣǣsOȖǋÞǼÞsǣ¶ÞŘǣǼEŘĨ¶ȖǋŘǼssǣʰ_sEsŘǼȖǋsǋs_sŎƼǼÞŸŘǋsǣsǋɚsǣʰƼsǋ¯ŸǋŎŘOs¶ȖǋŘǼssʰŎǋ¶ÞŘŎŸŘsɴŘ_
earnest money deposits in relation to tenders from railway authorities `ˢʰˡ˟˥ʳ˟ˣʹˡ˟ˠˤ˚`ˡʰ˧ˣ˦ʳˠ˦ʺ
2015-16 2014-15
NOTE 20
OTHER OPERATING INCOME
rɮƼŸǋǼÞŘOsŘǼÞɚsǣ ˡˡʳˠ˟ ˡˤʳ˨ˡ
Agricultural Income ˥ʳ˟ˤ ˣʳˡ˧
Sale of scrap ˢˤʳ˟ˣ ˠˢʳˢ˟
ĵÞEÞĶÞǼÞsǣŘŸĶŸŘ¶sǋǋsǇȖÞǋs_ɠǋÞǼǼsŘEOĨʹŘsǼʺ - ˢ˧˨ʳˠ˦
^Þ¯¯sǋsŘǼÞĶǻǋÞ¯¯ǼŸɠǋ_ǣƼŸɠsǋŘ_¯ȖsĶsɮƼsŘǣsǣŸ¯sǋĶÞsǋɴsǋǣ - ˣ˟˟ʳˢˠ
Others ˠˡ˟ʳˡ˟ ˠˡˠʳ˟ˤ
183.39 954.03
2015-16 2014-15
NOTE 21
OTHER INCOME
Lease rent income ˧ʳˤˡ ˧ʳˡ˨
ƻǋŸʩǼŸŘǣĶsŸ¯OȖǋǋsŘǼÞŘɚsǣǼŎsŘǼǣ ˨ˢˣʳ˦ˠ ˤ˟˟ʳ˨ˢ
ƻǋŸʩǼŸŘǣĶsŸ¯ʩɮs_ǣǣsǼǣ ˣ˧ʳ˨˟ ˠ˥ʳˠ˦
®ŸǋsÞ¶ŘsɮOÌŘ¶sʪȖOǼȖǼÞŸŘ¶ÞŘʹŘsǼʺ ˠˣʳˣ˦ ˠˢʳˤˠ
Miscellaneous income ˠ˧ʳ˧ˤ ˡˢʳˤˤ
1,025.45 562.45
Corporate Overview Performance Governance Financial Statements ˠ˥ˢ
NOTES
` In Lacs
2015-16 2014-15
NOTE 22
COST OF RAW MATERIALS AND COMPONENTS CONSUMED
ŷƼsŘÞŘ¶ǣǼŸOĨ ˤʰˡˢ˧ʳ˨˨ ˣʰˣˢ˦ʳ˦˦
__ʲNŸǣǼŸ¯ƼȖǋOÌǣsǣ ˣ˨ʰˣˤ˧ʳˠ˟ ˣ˦ʰˤ˦˦ʳˤ˥
54,697.09 52,015.33
ĵsǣǣʲNĶŸǣÞŘ¶ǣǼŸOĨ ˤʰ˟ˢˣʳˠ˧ ˤʰˡˢ˧ʳ˨˨
49,662.91 46,776.34
2015-16 2014-15
NOTE 23
(INCREASE)/ DECREASE IN INVENTORIES OF FINISHED GOODS,WORK IN PROGRESS AND
TRADED GOODS
Closing stock
Finished goods ˧ʰ˟˧˨ʳˣˣ ˦ʰˢ˨ˤʳˠˡ
Traded Goods ˢʰˠˤˣʳˢˠ ˣʰˠˠˢʳ˟˨
ɟŸǋĨÞŘƼǋŸ¶ǋsǣǣ ˠʰˤˣ˦ʳ˦ˡ ˠʰˢ˦ˠʳˡ˧
12,791.47 12,879.49
Opening stock
Finished goods ˦ʰˢ˨ˤʳˠˡ ˥ʰˠˤ˧ʳ˦˥
Traded Goods ˣʰˠˠˢʳ˟˨ ˣʰ˧˧˨ʳˡ˟
ɟŸǋĨÞŘƼǋŸ¶ǋsǣǣ ˠʰˢ˦ˠʳˡ˧ ˠʰˣ˟˦ʳˠ˨
12,879.49 12,455.15
Sub-total (A) 88.02 (424.34)
(Increase)/ decrease in excise duty
rɮOÞǣs_ȖǼɴŸŘOĶŸǣÞŘ¶ǣǼŸOĨ ˠ˦ˤʳ˦˧ ˠˣ˧ʳˤ˟
rɮOÞǣs_ȖǼɴŸŘŸƼsŘÞŘ¶ǣǼŸOĨ ˠˣ˧ʳˤ˟ ˡˣ˟ʳˠˠ
Sub-total (B) (27.28) 91.61
Total (A-B) 115.30 (515.95)
2015-16 2014-15
NOTE 24
EMPLOYEE BENEFITS EXPENSES
ǢĶǋÞsǣʰɠ¶sǣŘ_EŸŘȖǣ ˠˡʰ˥˟˦ʳˢ˧ ˠˠʰˣ˧˦ʳ˦ˣ
NŸŘǼǋÞEȖǼÞŸŘǼŸƼǋŸɚÞ_sŘǼŘ_ŸǼÌsǋ¯ȖŘ_ǣʹŗŸǼsˡ˧ʺ ˧˦˥ʳˠˤ ˦˥ˤʳ˦˟
µǋǼȖÞǼɴʹŗŸǼsˡ˧ʺ ˣˣ˥ʳ˦ˠ ˣˢˣʳˣˡ
ǢǼ¯¯ɠsĶ¯ǋssɮƼsŘǣsǣ ˦˟ˡʳˡˣ ˦ˢˠʳ˟ˢ
^ÞǋsOǼŸǋǣ˅ǋsŎȖŘsǋǼÞŸŘ ˧˟˦ʳˡ˟ ˧˟ˠʳ˨ˣ
Commission to directors ˦˨˨ʳ˨˦ ˤ˨ˣʳˠ˟
Field staff incentives ˢ˦˟ʳˤ˦ ˡˠˠʳˡˠ
Sub-total (A) 16,610.22 15,026.14
rŎƼĶŸɴssǣǼŸOĨŸƼǼÞŸŘsɮƼsŘǣsǣʹŗŸǼsˢ˥ʺ ˠʰ˦ˤ˟ʳˡ˥ ˡʰ˧˦ˠʳˠˢ
Sub-total (B) 1,750.26 2,871.13
Total (A+B) 18,360.48 17,897.27
NOTES
` In Lacs
2015-16 2014-15
NOTE 25
OTHER EXPENSES
Conversion charges ˧˥ˢʳ˦ˣ ˠ˥ˢʳ˦ˣ
ƻŸɠsǋŘ_¯ȖsĶsɮƼsŘǣsǣ ˡʰ˥ˤ˟ʳˢˡ ˡʰ˨ˡˡʳˣˤ
Rent ˡʰ˟ˢˣʳ˨˨ ˠʰ˧˧˥ʳ˦˦
Insurance ˠ˟ˡʳ˧˧ ˥˧ʳ˨˧
Repairs and maintenance
- Building ˠˡˣʳˡˢ ˠ˧˧ʳ˟˧
- Plant and machinery ˡ˨ˢʳˠ˟ ˢˡ˥ʳ˨˨
- Others ˡ˦ˣʳˣ˟ ˡˡ˧ʳ˧ˡ
Consumption of stores and spares ˦ˢˢʳˠˤ ˥ˡ˥ʳˢˠ
Research and development ˠˤ˟ʳˢˤ ˤˡʳˤ˟
rɮOÞǣs_ȖǼɴŸŘOƼǼÞɚsOŸŘǣȖŎƼǼÞŸŘ ˦ˠ˟ʳˣˤ ˥ˠ˦ʳˡ˨
Printing and stationery ˨˧ʳˢˢ ˦˦ʳ˦ˡ
Communication costs ˢˣ˨ʳ˨ˢ ˢˡˡʳˣ˟
Legal and professional fees ˠʰˡˢˠʳˣ˥ ˠʰˠˣˠʳˠ˥
ǊǼsǣŘ_Ǽɮsǣ ˥ˢ˟ʳˡ˟ ˤˣˡʳ˨ˤ
^ÞǋsOǼŸǋǣ˅ǣÞǼǼÞŘ¶¯ssǣ ˦ʳ˦˟ ˤʳ˥˟
əsÌÞOĶsŎÞŘǼsŘŘOs ˢˣˣʳˠˡ ˢ˥˧ʳ˦˧
Donation ˥ʳ˥ˠ ˠˤʳˢ˨
ĵŸǣǣŸŘʩɮs_ǣǣsǼǣ_ÞǣOǋ_s_ ˠˠˤʳ˟˧ ˠˢˣʳˠˣ
Provision for doubtful debts ˡˢʳ˨ˠ ˠˡˢʳˡˤ
Bad debt written off - ˥ʳ˨˥
Provision for doubtful advances ˦˟ʳ˟˟ ˠˣʳˣˢ
_ɚsǋǼÞǣsŎsŘǼŘ_ǢĶsǣƻǋŸŎŸǼÞŸŘsɮƼsŘǣs ˡ˟ʰˠˤ˥ʳˡ˟ ˠ˧ʰ˟˨˥ʳˤ˧
®ǋsÞ¶ÌǼʰÌŘ_ĶÞŘ¶Ř_¯Ÿǋɠǋ_ÞŘ¶OÌǋ¶sǣ ˨ʰˤ˧˟ʳ˦˨ ˧ʰ˥˨ˢʳˡˤ
®ÞsĶ_ǣǼ¯¯sɮƼsŘǣsǣ ˠʰˣˠˠʳˣˠ ˠʰˡˡˤʳ˦ˠ
Travelling and conveyance ˣˠ˟ʳˢˠ ˢ˧˨ʳ˟˨
Royalty ˡ˧˧ʳˢˢ ˡˣˤʳˢˠ
NŸǋƼŸǋǼsǣŸOÞĶǋsǣƼŸŘǣÞEÞĶÞǼɴsɮƼsŘǣsǣʹŗŸǼsˢˠʺ ˡˢˣʳ˧ˣ ˠˡˠʳˢˢ
ōÞǣOsĶĶŘsŸȖǣsɮƼsŘǣsǣ ˠʰˣ˦˦ʳˠˡ ˨ˢˢʳˠˡ
44,373.95 39,539.10
2015-16 2014-15
NOTE 26
FINANCE COST
ÝŘǼsǋsǣǼŸŘǼsǋŎĶŸŘŘ_EŘĨŸɚsǋ_ǋ¯Ǽ ˠˡ˥ʳ˦ˤ ˠ˥ˣʳ˨ˠ
Interest on debentures ˣˣ˧ʳˠ˟ ˠʰˠˢ˨ʳ˦ˤ
Other borrowing cost ˡ˧ʳˣˤ ˦ˡʳˠ˟
603.30 1,376.76
2015-16 2014-15
NOTE 27
INTEREST INCOME
ÝŘǼsǋsǣǼŸŘʩɮs__sƼŸǣÞǼ ˣˡ˥ʳˢ˨ ˢ˧ˡʳˢ˧
Interest on inter-corporate deposit - ˣˡʳˣˤ
Interest on others ˧ʳˡ˧ ˣʳ˧ˢ
434.67 429.66
NOTES
` In Lacs
NOTE 28 - EMPLOYEE BENEFIT
ʹÞʺ ^sʩŘs_DsŘsʩǼƻĶŘǣ˚
ǻÌsµǋŸȖƼÌǣ_sʩŘs_EsŘsʩǼ¶ǋǼȖÞǼɴƼĶŘʳrɚsǋɴsŎƼĶŸɴssɠÌŸÌǣOŸŎƼĶsǼs_ʩɚsɴsǋǣŸǋŎŸǋsŸ¯ǣsǋɚÞOs¶sǼǣ¶ǋǼȖÞǼɴŸŘ_sƼǋǼȖǋs
Ǽˠˤ_ɴǣǣĶǋɴʹĶǣǼ_ǋɠŘǣĶǋɴʺ¯ŸǋsOÌOŸŎƼĶsǼs_ɴsǋŸ¯ǣsǋɚÞOsʳǻÌsǣOÌsŎsÞǣ¯ȖŘ_s_ɠÞǼÌĵÞ¯sÝŘǣȖǋŘOsNŸǋƼŸǋǼÞŸŘŸ¯ÝŘ_Þʳ
ǻÌs¯ŸĶĶŸɠÞŘ¶ǼEĶsǣǣȖŎŎǋÞǣsǼÌsOŸŎƼŸŘsŘǼǣŸ¯ŘsǼEsŘsʩǼsɮƼsŘǣsǋsOŸ¶ŘÞǣs_ÞŘǼÌsǢǼǼsŎsŘǼƼǋŸʩǼŘ_ĶŸǣǣŘ_ǼÌs¯ȖŘ_s_ǣǼǼȖǣ
Ř_ŎŸȖŘǼǣǋsOŸ¶ŘÞǣs_ÞŘǼÌsEĶŘOsǣÌssǼ¯ŸǋǼÌsǋsǣƼsOǼÞɚsƼĶŘǣʳ
2015-16 2014-15
Gratuity Gratuity
Funded, except for certain subsidiaries
ɠÌsǋsÞǼÞǣŘŸŘ¯ȖŘ_s_
(A) Summary of the Actuarial Assumptions
Mortality Indian Assured Lives Indian Assured Lives
ōŸǋǼĶÞǼɴʹˡ˟˟˥˚˟˧ʺȕĶǼ ōŸǋǼĶÞǼɴʹˡ˟˟˥˚˟˧ʺȕĶǼ
Discount rate ˦ʳ˧˟̇ ˦ʳ˧˟̇
Rate of increase in compensation ˧ʳ˟˟̇ ˧ʳ˟˟̇
Withdrawal rates ˠ̇˚ˠ˟̇ ˠ̇˚ˠ˟̇
ǊǼsŸ¯ǋsǼȖǋŘʹsɮƼsOǼs_ʺŸŘƼĶŘǣǣsǼǣ ˧ʳ˟˟̇˚˧ʳˤ˟̇ ˧ʳ˦ˤ̇˚˨ʳ˟˟̇
ǻÌssǣǼÞŎǼsǣŸ¯¯ȖǼȖǋsǣĶǋɴÞŘOǋsǣsǣʰOŸŘǣÞ_sǋs_ÞŘOǼȖǋÞĶɚĶȖǼÞŸŘǼĨsOOŸȖŘǼŸ¯
ÞŘʪǼÞŸŘʰǣsŘÞŸǋÞǼɴʰƼǋŸŎŸǼÞŸŘŘ_ŸǼÌsǋǋsĶsɚŘǼ¯OǼŸǋǣʰǣȖOÌǣǣȖƼƼĶɴŘ__sŎŘ_ÞŘǼÌs
sŎƼĶŸɴŎsŘǼŎǋĨsǼʳ
ǻÌs ŸɚsǋĶĶ sɮƼsOǼs_ ǋǼs Ÿ¯ ǋsǼȖǋŘ ŸŘ ǣǣsǼǣ Þǣ _sǼsǋŎÞŘs_ Eǣs_ ŸŘ ǼÌs ŎǋĨsǼ ƼǋÞOs
ƼǋsɚÞĶÞŘ¶ŸŘǼÌǼ_ǼsʰƼƼĶÞOEĶsǼŸǼÌsƼsǋÞŸ_ŸɚsǋɠÌÞOÌǼÌsŸEĶÞ¶ǼÞŸŘÞǣǼŸEsǣsǼǼĶs_ʳ
(B) Changes in present value of obligations (PVO)
ƻəŷǼEs¶ÞŘŘÞŘ¶Ÿ¯ƼsǋÞŸ_ ˡʰ˟ˡˠʳ˧˥ ˠʰ˦˟ˠʳ˧ˡ
Interest cost ˠˤ˧ʳˤˠ ˠˤˣʳ˨ˣ
Current Service Cost ˡ˟ˡʳˡˣ ˡ˟˨ʳˡˣ
DsŘsʩǼǣƻÞ_ ʹˢˢˣʳ˦ˠʺ ʹˠˡ˨ʳ˧ˠʺ
OǼȖǋÞĶʹ¶ÞŘʺˀĶŸǣǣŸŘŸEĶÞ¶ǼÞŸŘ ˠˠˢʳˢˣ ˧ˤʳ˥˦
ƻəŷǼsŘ_Ÿ¯ƼsǋÞŸ_ ˡʰˠ˥ˠʳˡˣ ˡʰ˟ˡˠʳ˧˥
(C) Changes in fair value of plan assets
Fair value of plan assets at the beginning of period ˥ˣ˟ʳ˨˨ ˥ˢ˧ʳ˥ˡ
_ĠȖǣǼŎsŘǼǼŸŷƼsŘÞŘ¶®ÞǋəĶȖsŸ¯ƼĶŘǣǣsǼǣ - ʹˠ˧ʳ˦˧ʺ
rɮƼsOǼs_ǋsǼȖǋŘŸŘƼĶŘǣǣsǼǣ ˤ˥ʳˣˢ ˤˣʳˤˤ
Contributions ˦ʳ˨˨ ˠˠ˨ʳˢ˨
DsŘsʩǼƼÞ_ ʹˢ˟˦ʳˣˡʺ ʹˠˠ˥ʳ˨˨ʺ
OǼȖǋÞĶ¶ÞŘˀʹĶŸǣǣʺŸŘƼĶŘǣǣsǼǣ ʹˡ˥ʳ˧˦ʺ ʹˢˤʳ˧˟ʺ
Fair value of plan assets at end of period ˢ˦ˠʳˠˡ ˥ˣ˟ʳ˨˨
(D) Net Assets/(Liabilities) recognised in the balance sheet
ƻəŷǼsŘ_Ÿ¯ƼsǋÞŸ_ ʹˡʰˠ˥ˠʳˡˣʺ ʹˡʰ˟ˡˠʳ˧˥ʺ
Fair value of plan assets at end of period ˢ˦ˠʳˠˡ ˥ˣ˟ʳ˨˨
®ȖŘ_s_ǣǼǼȖǣʹ_sʩOÞǼÞŘ¯ÞǋɚĶȖsŸ¯ƼĶŘǣǣsǼǣŸɚsǋƻəŷʺ ʹˠʰ˦˨˟ʳˠˡʺ ʹˠʰˢ˧˟ʳ˧˦ʺ
ŗsǼǣǣsǼǣˀʹĵÞEÞĶÞǼɴʺǋsOŸ¶ŘÞǣs_ÞŘǼÌsEĶŘOsǣÌssǼ ʹˠʰ˦˨˟ʳˠˡʺ ʹˠʰˢ˧˟ʳ˧˦ʺ
ʹrʺ rɮƼsŘǣsǣǋsOŸ¶ŘÞǣs_ÞŘǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣ
Current service cost ˡ˟ˡʳˡˣ ˡ˟˨ʳˡˣ
Interest cost ˠˤ˧ʳˤˠ ˠˤˣʳ˨ˣ
rɮƼsOǼs_ǋsǼȖǋŘŸŘƼĶŘǣǣsǼǣ ʹˤ˥ʳˣˢʺ ʹˤˣʳˤˤʺ
ŗsǼOǼȖǋÞĶʹµÞŘʺˀĵŸǣǣǋsOŸ¶ŘÞǣs_¯ŸǋǼÌsƼsǋÞŸ_ ˠˣ˟ʳˡˠ ˠˡˠʳˣ˦
Gratuity borne by the Company ˡʳˠ˧ ˢʳˢˡ
rɮƼsŘǣsǋsOŸ¶ŘÞǣs_ÞŘǼÌsǣǼǼsŎsŘǼŸ¯ƼǋŸʩǼŘ_ĶŸǣǣ ˣˣ˥ʳ˦ˠ ˣˢˣʳˣˡ
(F) The major categories of plan assets as a percentage of the fair value of total plan
ǣǣsǼǣǋsǣ¯ŸĶĶŸɠǣʲ
Investment with insurer ˠ˟˟ʳ˟˟̇ ˠ˟˟ʳ˟˟̇
NOTES
` in Lacs
NOTE 28 - EMPLOYEE BENEFIT (contd.)
ʹµʺ ŎŸȖŘǼǣ¯ŸǋǼÌsOȖǋǋsŘǼŘ_ƼǋsɚÞŸȖǣ¯ŸȖǋƼsǋÞŸ_ǣǋsǣ¯ŸĶĶŸɠǣʲ
April to March 16 April to March 15 April to March 14 ƼǋÞĶǼŸōǋOÌˠˢ April to March 12
^sʩŘs_ EsŘsʩǼ ˡʰˠ˥ˠʳˡˣ ˡʰ˟ˡˠʳ˧˥ ˠʰ˦˟ˠʳ˧ˡ ˠʰ˥ˣˡʳ˨˦ ˠʰˤ˟˟ʳ˥˥

obligation
Plan assets ˢ˦ˠʳˠˡ ˥ˣ˟ʳ˨˨ ˥ˢ˧ʳ˥ˡ ˥ˢ˥ʳ˟ˡ ˥˦˦ʳˡˤ
ǢȖǋƼĶȖǣˀʹ^sʩOÞǼʺ ˠʰ˦˨˟ʳˠˡ ˠʰˢ˧˟ʳ˧˦ ˠʰ˟˥ˢʳˡ˟ ˠʰ˟˟˥ʳ˨ˤ ˧ˡˢʳˣˠ
rɮƼsǋÞsŘOs_ĠȖǣǼŎsŘǼǣ ˠˠˢʳˢˣ ˧ˤʳ˥˦ ˣˢʳˡˠ ˠˣʳˣˣ ˤ˧ʳ˨ˡ

on plan liabilities
rɮƼsǋÞsŘOs_ĠȖǣǼŎsŘǼǣ ʹˡ˥ʳ˧˦ʺ ʹˢˤʳ˧˟ʺ ˡʳˣˣ ˠʳˡ˧ ʹˢ˨ʳ˦˟ʺ

on plan assets
(H) ǻÌsµǋŸȖƼsɮƼsOǼǣǼŸOŸŘǼǋÞEȖǼs`ˢ˟˟ʳ˟˟ʹˡ˟ˠˤ˚`ŗÞĶʺǼŸ¶ǋǼȖÞǼɴ¯ȖŘ_Ř_`ˢˤʳˤˢʹˡ˟ˠˤ˚`ˢˣʳ˥ˢʺǼŸǢȖƼsǋŘŘȖǼÞŸŘ¯ȖŘ_ÞŘǼÌsŘsɮǼɴsǋʳ
ʹÞÞʺ ^sʩŘs_NŸŘǼǋÞEȖǼÞŸŘƻĶŘǣ˚
Amount of `˨˦ˢʳˢˤʹˡ˟ˠˤ˚`˧˦˟ʳ˥ˣʺÞǣǋsOŸ¶ŘÞǣs_ǣŘsɮƼsŘǣsŘ_ÞŘOĶȖ_s_ÞŘŗŸǼsˡˣÞŘǼÌsǢǼǼsŎsŘǼŸ¯ƻǋŸʩǼŘ_ĵŸǣǣʳ
NOTE - 29 SEGMENT REPORTING
Business segments:
ǻÌsƼǋÞŎǋɴǣs¶ŎsŘǼŸ¯ǼÌsµǋŸȖƼÌǣEssŘ_sǼsǋŎÞŘs_ŸŘǼÌsEǣÞǣŸ¯EȖǣÞŘsǣǣǣs¶ŎsŘǼʳǻÌsµǋŸȖƼÞǣŸǋ¶ŘÞʊs_ÞŘǼŸ¯ŸȖǋEȖǣÞŘsǣǣǣs¶ŎsŘǼǣ
˚ǢŸƼǣŘ_^sǼsǋ¶sŘǼǣʰËŸŎsNǋsʰĵȖŘ_ǋɴǣsǋɚÞOsǣŘ_ŷǼÌsǋǣʳǢs¶ŎsŘǼǣÌɚsEssŘÞ_sŘǼÞʩs_ǼĨÞŘ¶ÞŘǼŸOOŸȖŘǼǼÌsŘǼȖǋsŸ¯ǼÌsƼǋŸ_ȖOǼǣ
Ř_ǣsǋɚÞOsǣʰǼÌs_Þ¯¯sǋÞŘ¶ǋÞǣĨǣŘ_ǋsǼȖǋŘǣʰǼÌsŸǋ¶ŘÞʊǼÞŸŘǣǼǋȖOǼȖǋsŘ_ǼÌsÞŘǼsǋŘĶǋsƼŸǋǼÞŘ¶ǣɴǣǼsŎʳ
ǢŸƼǣŘ_^sǼsǋ¶sŘǼǣÞŘOĶȖ_sǣ¯EǋÞOɠÌÞǼsŘsǋǣʰ¯EǋÞO_sǼsǋ¶sŘǼǣʰ_ÞǣÌɠǣÌEǋŘ_ǣŸƼǣÞŘOĶȖ_ÞŘ¶ɴȖǋɚs_ÞOǣŸƼǣʳËŸŎsNǋsƼǋŸ_ȖOǼǣÞŘOĶȖ_s
ÞŘOsŘǣsǣǼÞOĨǣʰ_ÌŸŸƼʰŎŸǣǇȖÞǼŸǋsƼsĶĶsŘǼǣŘ_ǣOǋȖEEsǋʳĵȖŘ_ǋɴǣsǋɚÞOsǣÞŘOĶȖ_s_ǋɴ˚OĶsŘÞŘ¶˓ƼǋŸɚÞ_ÞŘ¶ĶÞŘsŘŸŘǋsŘǼĶʳŷǼÌsǋǣÞŘOĶȖ_sǣDŸ_ɴ
OǋsʰǻsŘ_OŸ¯¯ssʳ
Secondary segment:
ǻÌsµǋŸȖƼŎÞŘĶɴOǼsǋǣǼŸǼÌsŘss_ǣŸ¯ǼÌs_ŸŎsǣǼÞOŎǋĨsǼʳǻÌssɮƼŸǋǼǼȖǋŘŸɚsǋÞǣŘŸǼǣÞ¶ŘÞʩOŘǼÞŘǼÌsOŸŘǼsɮǼŸ¯ǼŸǼĶǼȖǋŘŸɚsǋʳ
Segment revenue and result:
ǻÌsÞŘOŸŎsˀsɮƼsŘǣsǼÌǼǋsŘŸǼ_ÞǋsOǼĶɴǼǼǋÞEȖǼEĶsǼŸǼÌsEȖǣÞŘsǣǣǣs¶ŎsŘǼǣǋsǣÌŸɠŘǣȖŘĶĶŸOǼs_OŸǋƼŸǋǼsOŸǣǼǣʳ
Segment assets and liabilities:
Ǣs¶ŎsŘǼǣǣsǼǣÞŘOĶȖ_sĶĶŸƼsǋǼÞŘ¶ǣǣsǼǣȖǣs_Eɴǣs¶ŎsŘǼŘ_OŸŘǣÞǣǼƼǋÞŘOÞƼĶĶɴŸ¯_sEǼŸǋǣʰÞŘɚsŘǼŸǋÞsǣʰ_ɚŘOsǣŘ_ʩɮs_ǣǣsǼǣʳǣǣsǼǣǼ
OŸǋƼŸǋǼsĶsɚsĶǋsŘŸǼĶĶŸOEĶsǼŸǣs¶ŎsŘǼǣŸŘǋsǣŸŘEĶsEǣÞǣŘ_ǼÌȖǣǼÌsǣŎsÌɚsŘŸǼEssŘĶĶŸOǼs_ʳ
Ǣs¶ŎsŘǼĶÞEÞĶÞǼÞsǣÞŘOĶȖ_sĶĶŸƼsǋǼÞŘ¶ĶÞEÞĶÞǼÞsǣŘ_OŸŘǣÞǣǼƼǋÞŘOÞƼĶĶɴŸ¯Oǋs_ÞǼŸǋǣŘ_OOǋȖs_ĶÞEÞĶÞǼɴʳ
NOTES
` in Lacs
NOTE - 29 SEGMENT REPORTING (contd.)
Information about Business Segments
Soaps and Detergents Home care Laundry Services Others Eliminations Total
2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15
Revenue
rɮǼsǋŘĶǊsɚsŘȖs ˠˠ˨ʰ˨ˤˠʳ˧ˢ ˠˠˠʰ˦˨ˢʳ˧˦ ˢ˧ʰˤ˨˦ʳˤ˥ ˢˡʰ˦ˠˡʳ˟˟ ˣʰˢ˟ˤʳ˨ˣ ˣʰˡ˟ˤʳ˟ˡ ˠʰ˥ˠ˧ʳ˟˟ ˠʰ˧ˠ˧ʳˤ˧ - - ˠ˥ˣʰˣ˦ˢʳˢˢ ˠˤ˟ʰˤˡ˨ʳˣ˦
Inter Segment Revenue ˢˤʳˢ˨ - ˠˣˣʳˣˣ ˤˠ˦ʳ˥˨ - - - - ʹˠ˦˨ʳ˧ˢʺ ʹˤˠ˦ʳ˥˨ʺ - -
Net Revenue 119,987.22 111,793.87 38,742.00 33,229.69 4,305.94 4,205.02 1,618.00 1,818.58 (179.83) (517.69) 164,473.33 150,529.47
Segment results ˠ˨ʰˣˠ˟ʳ˧˨ ˠˣʰ˦˦ˠʳˢˣ ˡʰˠ˧˥ʳˡ˧ ˧ˡˡʳˣ˧ ʹˠʰˣˤˣʳˠˢʺ ʹˠʰˢ˟˦ʳ˟ˢʺ ˡˢˠʳˠ˟ ˡ˥ˣʳ˧˨ - - ˡ˟ʰˢ˦ˣʳˠˣ ˠˣʰˤˤˠʳ˥˧
ȕŘĶĶŸOǼs_sɮƼsŘ_ÞǼȖǋs ʹˠʰˤ˟ˣʳ˟˨ʺ ʹˠʰˤˢˠʳ˧ˠʺ
Unallocated income ˠʰˣˤ˨ʳˣ˨ ˠʰ˟ˠ˧ʳ˦ˤ
ÝŘǼsǋsǣǼ˓ʩŘŘOssɮƼsŘǣsǣ ʹ˥˟ˢʳˢ˟ʺ ʹˠʰˢ˦˥ʳ˦˥ʺ
ƻǋŸʩǼEs¯ŸǋssɮOsƼǼÞŸŘĶÞǼsŎǣʰƼǋÞŸǋƼsǋÞŸ_ÞǼsŎǣŘ_Ǽɮ 19,726.24 12,661.86
rɮOsƼǼÞŸŘĶÝǼsŎǣ - ˡ˟˨ʳˠ˧
ƻǋŸʩǼEs¯ŸǋsƼǋÞŸǋƼsǋÞŸ_ÞǼsŎǣŘ_Ǽɮ 19,726.24 12,452.68
Corporate Overview
ǻɮrɮƼsŘǣs ʹˢʰ˨ˢ˟ʳˣ˨ʺ ʹˢˤˣʳˡˤʺ

ƻǋŸʩǼ¯ǼsǋǼɮEs¯ŸǋsōÞŘŸǋÞǼɴÝŘǼsǋsǣǼ 15,795.75 12,098.43
ōÞŘŸǋÞǼɴÝŘǼsǋsǣǼʹǣÌǋsŸ¯ĶŸǣǣʺ ˟ʳˡ˨ ˠˢʳ˨˥
ƻǋŸʩǼ¯ǼsǋǼɮ¯ǼsǋōÞŘŸǋÞǼɴÝŘǼsǋsǣǼ 15,796.04 12,112.39
Other Information
Segment assets ˣ˟ʰ˟˧˦ʳˠˣ ˢ˧ʰˠˠ˨ʳˡˣ ˠˤʰ˧˨ˤʳˠ˟ ˠˢʰˤ˥ˡʳ˧˦ ˦ʰ˟˨˨ʳ˨ˠ ˦ʰ˥˦˨ʳˣ˦ ˥ˣˤʳ˦˟ ˤˢ˦ʳˣˠ - - ˥ˢʰ˦ˡ˦ʳ˧ˤ ˤ˨ʰ˧˨˧ʳ˨˨
Unallocated assets
Performance
ˠˠˡʰ˨˨˥ʳ˧ˤ ˠˡˠʰ˦˦ˢʳˤ˟
Total assets 176,724.70 181,672.49
Segment liabilities ˠˣʰ˨ˢˤʳ˧˧ ˠˢʰ˟˧ˤʳ˧˥ ˦ʰˢ˨˦ʳ˥˦ ˤʰ˟˧˧ʳˢˣ ˥˧˨ʳ˟ˤ ˦˨˦ʳ˧˧ ˠ˦ˣʳˢˢ ˨˦ʳ˥ˣ - - ˡˢʰˠ˨˥ʳ˨ˢ ˠ˨ʰ˟˥˨ʳ˦ˡ
Unallocated liabilities ˥˧ʰ˦ˣˣʳˢ˦ ˧ˣʰˣ˨ˢʳ˟˥
Total liabilities (excluding minority interest) 91,941.30 103,562.78
Ǣs¶ŎsŘǼNƼÞǼĶsɮƼsŘ_ÞǼȖǋsʹÞŘOĶȖ_ÞŘ¶OƼÞǼĶɠŸǋĨÞŘƼǋŸ¶ǋsǣǣʺ ˠʰ˟ˤˣʳˠ˦ ˠʰ˟˥˟ʳˣˤ ˡ˨ˠʳˢ˥ ˣˡˤʳ˦˧ ˠ˟ˤʳ˥˦ ˠʰˠˤ˟ʳ˥ˣ ˠ˥˥ʳ˨˦ - - - ˠʰ˥ˠ˧ʳˠ˦ ˡʰ˥ˢ˥ʳ˧˦
ȕŘĶĶŸOǼs_OƼÞǼĶsɮƼsŘ_ÞǼȖǋsʹÞŘOĶȖ_ÞŘ¶OƼÞǼĶɠŸǋĨÞŘƼǋŸ¶ǋsǣǣʺ ˢ˟ˤʳ˨ˠ ˢˤˠʳˤ˦
ǻŸǼĶ OƼÞǼĶ sɮƼsŘ_ÞǼȖǋs ʹÞŘOĶȖ_ÞŘ¶ OƼÞǼĶ ɠŸǋĨ ÞŘ ƼǋŸ¶ǋsǣǣ
Governance
1,924.08 2,988.44
Ř_sɮOĶȖ_ÞŘ¶ǼÌsµŸŸ_ɠÞĶĶŸŘOŸŘǣŸĶÞ_ǼÞŸŘʺ
Segment depreciation and amortisation ˠʰ˥ˤˣʳˣ˨ ˠʰ˦˦˧ʳ˨ˢ ˢ˥ˢʳˠˢ ˣˤ˨ʳˤˤ ˦˧ˢʳˢˤ ˥ˡˡʳ˨ˡ ˠʳ˥ˤ - - - ˡʰ˧˟ˡʳ˥ˡ ˡʰ˧˥ˠʳˣˠ
Unallocated depreciation and amortisation ˢˢ˦ʳˤˢ ˢ˨ˢʳˠˣ
Total depreciation and amortisation 3,140.15 3,254.55
Ǣs¶ŎsŘǼŘŸŘOǣÌsɮƼsŘǣsǣŸǼÌsǋǼÌŘ_sƼǋsOÞǼÞŸŘ ˧ˢʳ˨ˠ ˠˤˠʳˠ˥ ˠ˨ʳˤˡ ˡ˨ʳˡ˨ ˢ˨ʳˤˢ ˨˦ʳˠ˨ - ˟ʳˣ˦ - - ˠˣˡʳ˨˥ ˡ˦˧ʳˠˠ
ȕŘĶĶŸOǼs_ŘŸŘOǣÌsɮƼsŘǣsǣŸǼÌsǋǼÌŘ_sƼǋsOÞǼÞŸŘ ˦˟ʳ˦˟ ˟ʳ˥˦
Total non cash expenses other than depreciation 213.66 278.78
Financial Statements
Information about geographical segment : 2015-16 2014-15

India Outside India India Outside India
ˠʳ Ǣs¶ŎsŘǼǊsɚsŘȖs ˠ˥˟ʰˡ˧ˡʳ˨˥ ˣʰˠ˨˟ʳˢ˦ ˠˣ˥ʰ˧ˤˡʳˤˤ ˢʰ˥˦˥ʳ˨ˡ
ˠ˥˦
ˡʳ Ǣs¶ŎsŘǼǣǣsǼǣ ˠ˦˥ʰ˟ˠˢʳ˧ˣ ˦ˠ˟ʳ˧˥ ˠ˧˟ʰ˨˥˨ʳˢˠ ˦˟ˢʳˠ˧

ˢʳ NƼÞǼĶrɮƼsŘ_ÞǼȖǋs ˠʰ˨ˡˣʳ˟˧ - ˡʰ˨˧ˢʳ˧˦ ˣʳˤ˦
ˠ˥˧ Jyothy Laboratories Limited
NOTES
` In Lacs
NOTE 30 - RELATED PARTY DISCLOSURES
a) ƻǋǼÞsǣɠÌsǋsOŸŘǼǋŸĶsɮÞǣǼǣ
ōʳƻʳǊŎOÌŘ_ǋŘ Chairman and Managing Director
ǣǼÌsōŘ¶ÞŘ¶^ÞǋsOǼŸǋŸ¯ǼÌsNŸŎƼŘɴÞǣŘÞŘ_ÞɚÞ_ȖĶÌɚÞŘ¶OŸŘǼǋŸĶŘ_ÌsŘOsŘŸǼǣsƼǋǼsĶɴ_ÞǣOĶŸǣs_ǣĨsɴŎŘ¶sŎsŘǼƼsǋǣŸŘŘsĶ
b) ǊsĶǼs_ƼǋǼɴǋsĶǼÞŸŘǣÌÞƼǣɠÌsǋsǼǋŘǣOǼÞŸŘǣÌɚsǼĨsŘƼĶOs_ȖǋÞŘ¶ǼÌsɴsǋ
®ÞǋŎˀËȕ®ÞŘɠÌÞOÌǼÌsǋsĶǼÞɚsǣŸ¯ÞŘ_ÞɚÞ_ȖĶÌɚÞŘ¶OŸŘǼǋŸĶǋsƼǋǼŘsǋǣˀŎsŎEsǋǣˀƼǋŸƼǋÞsǼŸǋ
ǆȖÞĶŸŘǻǋ_ÞŘ¶NŸʳ
ōʳƻʳ^ÞɚĨǋŘ˚Ëʳȕʳ®ʳ
ōʳƻʳǢÞ_ÌǋǼÌŘ˚Ëʳȕʳ®ʳ
Relative of individual having control
ōʳƻʳǢÞ_ÌǋǼÌŘ
ōʳǊʳğɴŸǼÌɴ
ōʳǊʳ^ssƼǼÌÞ
Ananth Rao T
Ravi Razdan
ōʳƻʳ^ÞɚĨǋŘ
rŘǼsǋƼǋÞǣsǣǣÞ¶ŘÞʩOŘǼĶɴÞŘʪȖsŘOs_EɴĨsɴŎŘ¶sŎsŘǼƼsǋǣŸŘŘsĶŸǋǼÌsÞǋǋsĶǼÞɚsǣ
ǢÌɴ_ǋÞ¶sŘOÞsǣĵǼ_ʳ
ħʳȕĶĶǣħŎǼÌ ğŸÞŘǼōŘ¶ÞŘ¶^ÞǋsOǼŸǋ˓N®ŷ
ǢʳǊ¶ÌȖŘŘ_Ř ɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋ˓Nrŷ
Additional related party as per Companies Act, 2013
ōʳĵʳDŘǣĶ Company Secretary
Oʺ ǻǋŘǣOǼÞŸŘǣɠÞǼÌǋsĶǼs_ƼǋǼÞsǣ_ȖǋÞŘ¶ǼÌsɴsǋ
2015-16 2014-15
Remuneration* ˟ʳ˟˟ ˟ʳ˟˟
Commission ˣˡˠʳ˟ˢ ˢˠˡʳ˥˨
Dividend ˤʰ˦˥˧ʳ˨˥ ˠʰˣˣˡʳˡˣ
Rent Paid - Quilon Trading Company ˠʳˡ˟ ˠʳˡ˟
^ÞɚÞ_sŘ_ʹōʳƻʳ^ÞɚĨǋŘ˚Ëʳȕʳ®ʳŘ_ōʳƻʳǢÞ_ÌǋǼÌŘ˚Ëʳȕʳ®ʳʺ ˡˤ˦ʳ˨ˡ ˥ˣʳˣ˧
^ÞɚÞ_sŘ_ʹǢÌɴ_ǋÞ¶sŘOÞsǣĵǼ_ʳʺ ˠʰˡ˟˟ʳ˟˟ ˢ˟˟ʳ˟˟
ǣǣÞ¶ŘŎsŘǼŸ¯ǊsOsÞɚEĶsǣʹǢÌɴ_ǋÞ¶sŘOÞsǣĵǼ_ʳʺ - ˠʰˣ˦˧ʳ˟˟
Relatives of individuals having control
Remuneration*
ōǊğɴŸǼÌɴʹ^ÞǋsOǼŸǋʺ ˠ˟ˡʳˣ˧ ˨˥ʳˢˡ
M P Sidharthan ˡˣʳ˟˟ ˡˣʳ˟˟
M R Deepthy ˢ˦ʳˤˠ ˡ˦ʳ˥˟
Ananth Rao T ˣˤʳ˟ˢ ˢˣʳ˦ˣ
Ravi Razdan ˢ˦ʳˤˠ ˡ˦ʳ˥˟
ōʳƻʳ^ÞɚĨǋŘ ˡˣʳ˟˟ ˡˣʳ˟˟
Dividend ˡʰˢˡ˦ʳˤˡ ˤ˧ˠʳ˨˦
Contribution to Superannuation fund
M R Jyothy - ˟ʳ˨˟
M R Deepthi - ˡʳˣ˟
Ravi Razdan - ˡʳˣ˟
Remuneration*# ˦ˡ˦ʳ˥˨ ˦ˡˠʳ˟˨
Commission ˢ˦˧ʳ˨ˢ ˡ˧ˠʳˣˡ
Dividend ˠˢˠʳ˦ˤ ˢˡʳ˨ˣ
Contribution to Superannuation fund ˡˠʳ˥˟ ˡ˧ʳˡ˟
ˎ ǣ ǼÌs ¯ȖǼȖǋs ĶÞEÞĶÞǼÞsǣ ¯Ÿǋ ¶ǋǼȖÞǼɴ Þǣ ƼǋŸɚÞ_s_ ŸŘ Ř OǼȖǋÞĶ EǣÞǣ ¯Ÿǋ ǼÌs NŸŎƼŘɴ ǣ ɠÌŸĶsʰ ǼÌs ŎŸȖŘǼ ƼsǋǼÞŘÞŘ¶ ǼŸ ÞŘ_ÞɚÞ_ȖĶ Þǣ ŘŸǼ
ǣOsǋǼÞŘEĶsŘ_ǼÌsǋs¯ŸǋsŘŸǼÞŘOĶȖ_s_EŸɚsʳ
# The Company has accrued `ˠʰˤˣˣʳˤˢÞŘǋsǣƼsOǼŸ¯sŎƼĶŸɴssǣǼŸOĨŸƼǼÞŸŘǣ¶ǋŘǼs_ǼŸɠÌŸĶsǼÞŎs_ÞǋsOǼŸǋŘ_NrŷʳǻÌsǣŎsÌǣŘŸǼEssŘ

OŸŘǣÞ_sǋs_ǣŎŘ¶sǋÞĶǋsŎȖŘsǋǼÞŸŘŸ¯ǼÌsOȖǋǋsŘǼɴsǋǣ_sʩŘs_ȖŘ_sǋǢsOǼÞŸŘˡʹ˦˧ʺŸ¯ǼÌsNŸŎƼŘÞsǣOǼʰˡ˟ˠˢǣǼÌsŸƼǼÞŸŘǣÌɚsŘŸǼ
EssŘsɮsǋOÞǣs_ʳ
Corporate Overview Performance Governance Financial Statements ˠ˥˨
NOTES
` in Lacs
d) Related party balances
2015-16 2014-15
Amounts payable
Trade payables :
Individual having control ˣˡˠʳ˟ˢ ˢˠˡʳ˥˨
ħsɴŎŘ¶sŎsŘǼƼsǋǣŸŘŘsĶ ˢ˦˧ʳ˨ˢ ˡ˧ˠʳˣˡ
NOTE 31 - EXPENDITURE RELATED TO CORPORATE SOCIAL RESPONSIBILITY AS PER SECTION 135 OF THE COMPANIES ACT, 2013 READ
WITH SCHEDULE VII IS AS GIVEN BELOW:

Promoting preventing health care and sanitation ˣˣʳˡ˧ ˨ˠʳˣˣ
Contribution to Prime Ministers National Relief Fund - ˠ˨ʳ˧˥
ƻǋŸŎŸǼÞŸŘŸ¯r_ȖOǼÞŸŘ ˤʳ˟˟ -
ǊȖǋĶˀǣĶȖŎǋs_sɚsĶŸƼŎsŘǼ ˠ˧ˤʳˤ˥ ˠ˟ʳ˟ˢ
Total 234.84 121.33
Gross amount required to be spent during the year ˠ˨ˤʳˢ˟ ˠ˥˥ʳ˨ˡ
NOTE 32 -UNHEDGED FOREIGN CURRENCY EXPOSURE
Particulars Foreign Currency 2015-16 2014-15

` in Lacs Amount in ` in Lacs Amount in
Foreign Currency Foreign Currency
Trade Receivable USD ˠ˦˧ʳˡˣ ˡ˥˧ʰ˦˟˨ ˠ˟˟ʳˢ˨ ˠ˥˟ʰˢ˧ˤ
Trade Payable USD ˠˢˡʳˣˡ ˠ˨˨ʰ˥ˢ˥ ˤ˦ʳ˥˟ ˨ˡʰ˟ˡ˟
Trade Payables rȖǋŸ ˢ˨ʳ˧˧ ˤˢʰˠ˟˟ ˦ˠʳ˦˟ ˠ˟˥ʰˡ˟˟
NOTE 33 - OPERATING LEASES
In case of assets taken on lease

ǻÌsµǋŸȖƼÌǣsŘǼsǋs_ÞŘǼŸĵsǣs¶ǋssŎsŘǼǣ¯ŸǋƼǋsŎÞǣsǣʰɠÌÞOÌsɮƼÞǋsǼɚǋÞŸȖǣ_ǼsǣŸɚsǋǼÌsŘsɮǼʩɚsɴsǋǣʳNsǋǼÞŘ¶ǋssŎsŘǼǣƼǋŸɚÞ_s¯Ÿǋ
ÞŘOǋsǣsÞŘǋsŘǼʳĶĶĶsǣs¶ǋssŎsŘǼǣǋsOŘOsĶĶEĶssɮOsƼǼÞŘOǣsŸ¯¯sɠ¶ǋssŎsŘǼǣɠÌsǋsÞŘǼÌsǋsÞǣĶŸOĨÞŘƼsǋÞŸ_ÞŘǼÌsǋŘ¶sŸ¯ˠˠŎŸŘǼÌǣ
ǼŸˢɴsǋǣʳĵsǣsǋsŘǼĶsɮƼsŘǣs¯ŸǋǼÌsɴsǋsŘ_s_ōǋOÌˢˠʰˡ˟ˠ˥ɠǣ`ˡʰ˟ˢˣʳ˨˨ʹˡ˟ˠˤ˚`ˠʰ˧˧˥ʳ˦˦ʺʳǻÌsǋsǋsŘŸǋsǣǼǋÞOǼÞŸŘǣÞŎƼŸǣs_EɴĶsǣs
ǋǋŘ¶sŎsŘǼǣʳǻÌsǋsǋsŘŸǣȖEĶsǣsǣʳ
2015-16 2014-15
®ȖǼȖǋsĶsǣsƼɴŎsŘǼȖŘ_sǋŘŸŘ˚OŘOsĶĶEĶsŸƼsǋǼÞŘ¶Ķsǣsǣǋsǣ¯ŸĶĶŸɠǣʲ
Payable not later than one year ˢˡ˨ʳˤ˟ ˠ˥˦ʳ˨ˢ
ƻɴEĶsĶǼsǋǼÌŘŸŘsɴsǋŘ_ŘŸǼĶǼsǋǼÌŘʩɚsɴsǋǣ ˦ˠ˧ʳˠ˟ ˤ˦ʳˤˣ
ƻɴEĶsĶǼsǋǼÌŘʩɚsɴsǋǣ ˠ˟ˣʳˤˠ -
1,152.11 225.47
In case of assets given on lease
ǻÌsNŸŎƼŘɴÌǣĶsǣs_ŸȖǼ¯sɠŸ¯ÞǼǣƼǋsŎÞǣsǣŸŘŸƼsǋǼÞŘ¶ĶsǣsʳǻÌs¶ǋŸǣǣOǋǋɴÞŘ¶ŎŸȖŘǼŘ_OOȖŎȖĶǼs__sƼǋsOÞǼÞŸŘǣǼōǋOÌˢˠʰ
2016 is `ˤˣʳ˨ˤŘ_`˧ʳ˦˧ʹˡ˟ˠˤ˚`ˤˣʳ˨ˤŘ_`˦ʳ˧˥ʺǋsǣƼsOǼÞɚsĶɴʳĵsǣsǋsŘǼÞŘOŸŎs¯ŸǋǼÌsɴsǋsŘ_s_ōǋOÌˢˠʰˡ˟ˠ˥ɠǣ`˧ʳˤˡʹˡ˟ˠˤ˛`˧ʳˡ˨ʺʳ
ǻÌsǋsÞǣŘŸsǣOĶǼÞŸŘOĶȖǣsÞŘǼÌsĶsǣs¶ǋssŎsŘǼŘ_ǼÌsĶsǣsÞǣOŘOsĶĶEĶsÞŘŘǼȖǋsʳǻÌsǋsǋsŘŸǋsǣǼǋÞOǼÞŸŘǣÞŎƼŸǣs_EɴĶsǣsǋǋŘ¶sŎsŘǼǣʳ
ˠ˦˟ Jyothy Laboratories Limited
NOTES
` in Lacs
NOTE 34 - CONTINGENT LIABILITIES
2016 2015
Dǣs_ŸŘŎŘ¶sŎsŘǼ˅ǣsɚĶȖǼÞŸŘ¯ŸĶĶŸɠÞŘ¶OŸŘǼÞŘ¶sŘǼĶÞEÞĶÞǼÞsǣÞǣŘŸǼƼǋŸEEĶsŘ_ÌsŘOs
ŘŸǼƼǋŸɚÞ_s_EɴǼÌsµǋŸȖƼÞŘǋsǣƼsOǼŸ¯ʲ
ʹÞʺ ŎŸȖŘǼŸȖǼǣǼŘ_ÞŘ¶ÞŘǋsǣƼsOǼŸ¯OŸǋƼŸǋǼsŘ_ŸǼÌsǋEŘĨ¶ȖǋŘǼssǣ - -
ʹÞÞʺ ǻɮŎǼǼsǋǣ
ʹʺ ^ÞǣƼȖǼs_ǣĶsǣǼɮ_sŎŘ_ǣ˛ŎǼǼsǋǣȖŘ_sǋƼƼsĶ ˡʰˣˡ˨ʳ˦ˡ ˡʰˢˡ˨ʳˣˤ
ʹEʺ ^ÞǣƼȖǼs_sɮOÞǣs_ȖǼɴŘ_ǣsǋɚÞOsǼɮ_sŎŘ_˚ŎǼǼsǋȖŘ_sǋƼƼsĶ ˣʰ˟ˤ˨ʳˤ˨ ˢʰˠ˟ˢʳˠˤ
ʹOʺ ^ÞǣƼȖǼs_ÞŘOŸŎsǼɮ_sŎŘ_˚ŎǼǼsǋȖŘ_sǋƼƼsĶˎ ˥ʰ˦ˢˢʳˠˤ ˢʰ˦ˣˠʳ˥˟
ʹÞÞÞʺ ŷǼÌsǋǣǼǼȖǼŸǋɴ_Ȗsǣ ˣʳ˨ˣ ˧ʳ˧˧
ˎǻÌsŎŸȖŘǼǣÌŸɠŘEŸɚs_ŸsǣŘŸǼÞŘOĶȖ_sOŸŘǼÞŘ¶sŘǼĶÞEÞĶÞǼɴ¯ŸǋǣǣsǣǣŎsŘǼɴsǋǣɠÌÞOÌÌɚsEssŘǋsŸƼsŘs_ʹȖŘĶsǣǣ_sŎŘ_Ÿǋ_sǋÞǣǋÞǣs_ʺ
Ř_ǼÌŸǣsƼsŘ_ÞŘ¶ǣǣsǣǣŎsŘǼǣʳ
NOTE - 35 - CAPITAL COMMITMENTS (NET OF ADVANCES)
2016 2015
rǣǼÞŎǼs_ŎŸȖŘǼŸ¯OŸŘǼǋOǼǣǋsŎÞŘÞŘ¶ǼŸEssɮsOȖǼs_ŸŘOƼÞǼĶOOŸȖŘǼŘ_ŘŸǼƼǋŸɚÞ_s_¯Ÿǋ ˠʰ˟˥ˤʳ˥˦ ˤ˟˧ʳ˧˨
1,065.67 508.89
NOTE 36 - EMPLOYEE STOCK OPTION PLANS (‘ESOP’)
ŷŘȖ¶ȖǣǼˠ˥ʰˡ˟ˠˣǼÌsǊsŎȖŘsǋǼÞŸŘŘ_NŸŎƼsŘǣǼÞŸŘNŸŎŎÞǼǼssŸ¯ǼÌsDŸǋ_Ÿ¯^ÞǋsOǼŸǋǣŸ¯ǼÌsNŸŎƼŘɴƼƼǋŸɚs_ǼÌsrŎƼĶŸɴssǢǼŸOĨ
ŷƼǼÞŸŘǢOÌsŎsˡ˟ˠˣʹˆrǢŷǢ˚ˡ˟ˠˣˇʺ¯ŸǋÞǣǣȖsŸ¯ǣǼŸOĨŸƼǼÞŸŘǣǼŸǼÌsĨsɴsŎƼĶŸɴssǣŘ_rŎƼĶŸɴssǢǼŸOĨŷƼǼÞŸŘǢOÌsŎsˡ˟ˠˣ˚ʹˆrǢŷǢ˚ˡ˟ˠˣ˚ˇʺ
¯ŸǋÞǣǣȖsŸ¯ǣǼŸOĨŸƼǼÞŸŘǣǼŸɟÌŸĶsǻÞŎs^ÞǋsOǼŸǋ˓NrŷŸ¯ǼÌsNŸŎƼŘɴʳOOŸǋ_ÞŘ¶ǼŸǼÌsǣOÌsŎsʰɠÌŸĶsǼÞŎs^ÞǋsOǼŸǋŘ_NrŷŘ_sĶÞ¶ÞEĶs
sŎƼĶŸɴssǣǣsĶsOǼs_EɴǼÌsǊsŎȖŘsǋǼÞŸŘŘ_NŸŎƼsŘǣǼÞŸŘNŸŎŎÞǼǼssɠÞĶĶEssŘǼÞǼĶs_ǼŸŸƼǼÞŸŘǣ¯ǋŸŎǼÞŎsǼŸǼÞŎsʰǣȖEĠsOǼǼŸǣǼÞǣ¯OǼÞŸŘŸ¯
ƼǋsǣOǋÞEs_ɚsǣǼÞŘ¶OŸŘ_ÞǼÞŸŘǣʳǻÌsǋsĶsɚŘǼǼsǋŎǣŸ¯ǼÌs¶ǋŘǼǋsǣEsĶŸɠʲ˚
Particulars (“ESOS -2014”) (“ESOS -2014”) (“ESOS -2014 - A”)

Date of Grant Ȗ¶ȖǣǼˠ˥ʰˡ˟ˠˣ ğŘȖǋɴˡ˦ʰˡ˟ˠˤ Ȗ¶ȖǣǼˠ˥ʰˡ˟ˠˣ
Number of options granted ˤ˟ˢʰˣˣˤ ˢˣʰˤ˟˦ ˡʰ˦ˠˤʰˢˤˡ
əsǣǼÞŘ¶ƼsǋÞŸ_ ˢˢ̇˚ɳsǋˠ ˢˢ̇˚ɳsǋˠ ˥˥ʳ˥˦̇˚ɳsǋˠ
ˢˢ̇˚ɳsǋˡ ˢˢ̇˚ɳsǋˡ ˠ˥ʳ˥˦̇˚ɳsǋˡ
ˢˣ̇˚ɳsǋˢ ˢˣ̇˚ɳsǋˢ ˠ˥ʳ˥˥̇˚ɳsǋˢ
rɮsǋOÞǣsƼsǋÞŸ_ 5 years from the respective dates of vesting
rɮsǋOÞǣsƻǋÞOs˚ƻsǋǣÌǋs `1 `1 `1
ōǋĨsǼƼǋÞOsǼ¶ǋŘǼ_Ǽs˚ƻsǋǣÌǋs `ˠ˧˧ʳ˦˟ `ˡ˧˨ʳ˧˟ `ˠ˧˧ʳ˦˟
The details of the activity under the above schemes are summarised as below;
Particulars (“ESOS -2014”) (“ESOS -2014”) (“ESOS -2014 - A”)

ŷȖǼǣǼŘ_ÞŘ¶ǼƼǋÞĶˠʰˡ˟ˠˣ - - -
Granted during 2014-15 ˤ˟ˢʰˣˣˤ ˢˣʰˤ˟˦ ˡʰ˦ˠˤʰˢˤˡ
Cancelled during 2014-15 ˤˡʰ˨˨ˣ - -
rɮsǋOÞǣs__ȖǋÞŘ¶ˡ˟ˠˣ˚ˠˤ - - -
ŷȖǼǣǼŘ_ÞŘ¶ǼōǋOÌˢˠʰˡ˟ˠˤ ˣˤ˟ʰˣˤˠ ˢˣʰˤ˟˦ ˡʰ˦ˠˤʰˢˤˡ
rɮsǋOÞǣEĶsǼōǋOÌˢˠʰˡ˟ˠˤ ˣˤ˟ʰˣˤˠ ˢˣʰˤ˟˦ ˡʰ˦ˠˤʰˢˤˡ
ŷȖǼǣǼŘ_ÞŘ¶ǼƼǋÞĶˠʰˡ˟ˠˤ ˣˤ˟ʰˣˤˠ ˢˣʰˤ˟˦ ˡʰ˦ˠˤʰˢˤˡ
Granted during 2015-16 - - -
Cancelled during 2015-16 ˧˦ʰ˨˦˟ ˢˣʰˤ˟˦ ˣˤˡʰˤˤ˨
rɮsǋOÞǣs__ȖǋÞŘ¶ˡ˟ˠˤ˚ˠ˥ ˨˥ʰˠ˧ˣ - -
ŷȖǼǣǼŘ_ÞŘ¶ǼōǋOÌˢˠʰˡ˟ˠ˥ ˡ˥˥ʰˡ˨˦ - ˡʰˡ˥ˡʰ˦˨ˢ
rɮsǋOÞǣEĶsǼōǋOÌˢˠʰˡ˟ˠ˥ ˡ˥˥ʰˡ˨˦ - ˡʰˡ˥ˡʰ˦˨ˢ
®ŸǋŸƼǼÞŸŘsɮsǋOÞǣs__ȖǋÞŘ¶ǼÌsƼsǋÞŸ_ʰǻÌsɠsÞ¶ÌǼs_ɚsǋ¶sǣÌǋsƼǋÞOsǼǼÌssɮsǋOÞǣs_Ǽsɠǣ`ˡ˨˦ʳˣˣƼsǋǣÌǋsʹˡ˟ˠˤ˚ŘŸǼƼƼĶÞOEĶsǣÞŘOs
ŘŸŸƼǼÞŸŘsɮsǋOÞǣsʺ
Corporate Overview Performance Governance Financial Statements ˠ˦ˠ
NOTES
` in Lacs
ŗŸŘsɠǣǼŸOĨŸƼǼÞŸŘÌɚsEssŘ¶ǋŘǼs_EɴǼÌsOŸŎƼŘɴÞŘǼÌsOȖǋǋsŘǼɴsǋ
ǻÌsDĶOĨǢOÌŸĶsǣɚĶȖǼÞŸŘŎŸ_sĶÌǣEssŘȖǣs_¯ŸǋOŸŎƼȖǼÞŘ¶ǼÌsɠsÞ¶ÌǼs_ɚsǋ¶s¯ÞǋɚĶȖsŸ¯ǼÌsǣǼŸOĨ¶ǋŘǼs_OŸŘǣÞ_sǋÞŘ¶ǼÌs¯ŸĶĶŸɠÞŘ¶
ÞŘƼȖǼǣ¯ŸǋǼÌsɴsǋsŘ_s_ōǋOÌˢˠʰˡ˟ˠ˥Ř_ōǋOÌˢˠʰˡ˟ˠˤʲ˚
Variables (“ESOS -2014”)- Grant – I

Vest 1 Vest 2 Vest 3
əŸĶǼÞĶÞǼɴ ˢ˥ʳˠ˨̇ ˢ˦ʳˢˡ̇ ˣ˟ʳˢˢ̇
ǊÞǣĨ¯ǋssǊǼs ˧ʳ˦ˢ̇ ˧ʳ˦ˡ̇ ˧ʳ˦ˡ̇
rɮsǋOÞǣsƻǋÞOsʹ`ʺ ˠʳ˟˟ ˠʳ˟˟ ˠʳ˟˟
ǻÞŎsǻŸōǼȖǋÞǼɴʹÝŘɳsǋǣʺ ˢʳˤ˟ ˣʳˤ˟ ˤʳˤ˟
Dividend yield ˠʳˤ˨̇ ˠʳˤ˨̇ ˠʳˤ˨̇
Variables (“ESOS -2014 - A”)

Vest 1 Vest 2 Vest 3
əŸĶǼÞĶÞǼɴ ˢ˥ʳˠ˨̇ ˢ˦ʳˢˡ̇ ˣ˟ʳˢˢ̇
ǊÞǣĨ¯ǋssǊǼs ˧ʳ˦ˢ̇ ˧ʳ˦ˡ̇ ˧ʳ˦ˡ̇
rɮsǋOÞǣsƻǋÞOsʹ`ʺ ˠʳ˟˟ ˠʳ˟˟ ˠʳ˟˟
ǻÞŎsǻŸōǼȖǋÞǼɴʹÝŘɳsǋǣʺ ˢʳˤ˟ ˣʳˤ˟ ˤʳˤ˟
Dividend yield ˠʳˤ˨̇ ˠʳˤ˨̇ ˠʳˤ˨̇
ǻÌssɮƼsOǼs_ɚŸĶǼÞĶÞǼɴǋsʪsOǼǣǼÌsǣǣȖŎƼǼÞŸŘǼÌǼǼÌsÌÞǣǼŸǋÞOĶɚŸĶǼÞĶÞǼɴŸɚsǋƼsǋÞŸ_ǣÞŎÞĶǋǼŸǼÌsĶÞ¯sŸ¯ǼÌsŸƼǼÞŸŘǣÞǣÞŘ_ÞOǼÞɚsŸ¯¯ȖǼȖǋs
ǼǋsŘ_ǣʰɠÌÞOÌŎɴŘŸǼŘsOsǣǣǋÞĶɴEsǼÌsOǼȖĶŸȖǼOŸŎsʳ
ǻÌsNŸŎƼŘɴŎsǣȖǋsǣǼÌsOŸǣǼŸ¯rǢŷƻȖǣÞŘ¶ǼÌsÞŘǼǋÞŘǣÞOɚĶȖsŎsǼÌŸ_ʳË_ǼÌsOŸŎƼŘɴȖǣs_ǼÌs¯ÞǋɚĶȖsŎŸ_sĶǼŸ_sǼsǋŎÞŘsOŸŎƼsŘǣǼÞŸŘʰ
ÞǼǣƼǋŸʩǼ¯ǼsǋǼɮŘ_sǋŘÞŘ¶ǣƼsǋǣÌǋsǣǋsƼŸǋǼs_ɠŸȖĶ_ÌɚsOÌŘ¶s_ǼŸǼÌsŎŸȖŘǼǣǣÞŘ_ÞOǼs_EsĶŸɠʲ
As at As at
ƻǋŸʩǼ¯ǼsǋǼɮǣǋsƼŸǋǼs_ ˠ˥ʰˡˢˤʳ˨˥ ˠˣʰˡ˦˧ʳ˨ˤ
__ʲrǢŷƻOŸǣǼȖǣÞŘ¶ǼÌsÞŘǼǋÞŘǣÞOɚĶȖsŎsǼÌŸ_ ˠʰ˦ˤ˟ʳˡ˥ ˡʰ˧˦ˠʳˠˢ
ĵsǣǣʲrǢŷƻOŸǣǼȖǣÞŘ¶ǼÌs¯ÞǋɚĶȖsŎsǼÌŸ_ ʹˠʰ˥ˢ˥ʳ˦˧ʺ ʹˡʰ˥˥ˠʳˠ˦ʺ
ƻǋŸ¯ŸǋŎƼǋŸʩǼ¯ǼsǋǼɮ ˠ˥ʰˢˣ˨ʳˣˣ ˠˣʰˣ˧˧ʳ˨ˠ
Earnings Per Share ` `
Basic
- As reported ˧ʳ˨˦ ˦ʳ˧˨
- Proforma ˨ʳ˟ˢ ˧ʳ˟˟
Diluted
- As reported ˧ʳ˧ˣ ˦ʳ˧ˢ
- Proforma ˧ʳ˨ˠ ˦ʳ˨ˤ
ˠ˦ˡ Jyothy Laboratories Limited
NOTES
` in Lacs
NOTE 37: INFORMATION REQUIRED FOR CONSOLIDATED FINANCIAL STATEMENTS PURSUANT TO SCHEDULE III OF COMPANIES ACT, 2013
ǻÌsEŸɚsÞŘ¯ŸǋŎǼÞŸŘÌǣEssŘ_sǼsǋŎÞŘs_ǼŸǼÌssɮǼsŘǼǣȖOÌƼǋǼÞsǣÌɚsEssŘÞ_sŘǼÞʩs_ŸŘǼÌsEǣÞǣŸ¯ÞŘ¯ŸǋŎǼÞŸŘɚÞĶEĶsɠÞǼÌǼÌsµǋŸȖƼʳ
Particulars 31-Mar-16 ˢˠ˚ōǋ˚ˠˤ

Net Assets, i.e. Total ǢÌǋsÞŘƼǋŸʩǼŘ_ĶŸǣǣ ŗsǼǣǣsǼǣʰÞʳsʳǻŸǼĶ ǢÌǋsÞŘƼǋŸʩǼŘ_ĶŸǣǣ
Asset minus Total Asset minus Total
Liabilities Liabilities
As % of Amount As % of Amount ǣ̇Ÿ¯ Amount ǣ̇Ÿ¯ Amount
Consolidated Consolidated Consolidated Consolidated
net assets ƼǋŸʩǼŸǋĶŸǣǣ Net Assets ƼǋŸʩǼŸǋĶŸǣǣ
Parent
Jyothy Laboratories Limited ˠˣˡʳˣ˟̇ ˠʰˡ˟ʰˤ˟˟ʳ˟˟ ˠˢˠʳ˧ˠ̇ ˡ˟ʰ˧ˡ˟ʳˤ˥ ˠˢ˨ʳ˦˟̇ ˠʰ˟˧ʰ˨ˠ˨ʳ˟ˣ ˠˤˣʳˣ˟̇ ˠ˧ʰ˦˟ˠʳˡ˨
Subsidiaries
Indian
Jyothy Consumer Products ʹˤˣʳˠˤ̇ʺ ʹˣˤʰ˧ˠ˦ʳ˧˧ʺ ʹˡˡʳ˧ˤ̇ʺ ʹˢʰ˥˟˨ʳˠˠʺ ʹˤˣʳˠˣ̇ʺ ʹˣˡʰˡ˟˧ʳ˦˥ʺ ʹˢ˥ʳ˨ˣ̇ʺ ʹˣʰˣ˦ˢʳ˦˧ʺ
ōǋĨsǼÞŘ¶ĵÞŎÞǼs_
Jyothy Fabricare Services Limited ˠ˟ʳ˥˧̇ ˨ʰ˟ˢˡʳ˥ˡ ʹ˧ʳ˦ˡ̇ʺ ʹˠʰˢ˦˧ʳˠ˦ʺ ˠˢʳˣ˟̇ ˠ˟ʰˣˣ˧ʳˢˢ ʹˠ˦ʳ˦ˢ̇ʺ ʹˡʰˠˣ˧ʳ˟˥ʺ
ǢŘŸɠɴǣĵȖŘ_ǋsǋǣ˓^ǋɴOĶsŘsǋǣ ˟ʳˡˢ̇ ˠ˨˟ʳˣˢ ˟ʳ˟˟̇ ʹ˟ʳˤˤʺ ˟ʳˡˣ̇ ˠ˨˟ʳ˨˧ ˟ʳ˟˟̇ ʹ˟ʳ˟ˠʺ
Private Limited
Four Seasons Drycleaning ʹ˟ʳˠˡ̇ʺ ʹ˨˨ʳ˧˨ʺ ʹ˟ʳˡˤ̇ʺ ʹˢ˧ʳ˦ˡʺ ʹ˟ʳ˟˧̇ʺ ʹ˥ˠʳˠ˦ʺ ʹ˟ʳˣˡ̇ʺ ʹˤˠʳˢˠʺ
Company Private Limited
ōˀǣğ®ǢĵğĵĵğəʹƻǋǼŘsǋǣÌÞƼ®ÞǋŎʺ ˟ʳˢ˧̇ ˢˡˠʳˢˤ ʹ˟ʳˢ˟̇ʺ ʹˣ˥ʳ˧ˤʺ ˟ʳˣˠ̇ ˢˠ˧ʳˡ˟ ˟ʳ˨˟̇ ˠ˟˧ʳ˥˦
Foreign
ğɴŸǼÌɴħĶĶŸĶDŘ¶Ķ_sǣÌĵÞŎÞǼs_ ˟ʳ˦˧̇ ˥ˤ˥ʳ˦˦ ˟ʳˢˠ̇ ˣ˧ʳˤ˨ ˟ʳ˥ˤ̇ ˤ˟ˢʳ˟˨ ʹ˟ʳˢˢ̇ʺ ʹˢ˧ʳˢ˦ʺ
Minority interest ʹ˟ʳˡ˟̇ʺ ʹˠ˥˨ʳ˦ˣʺ ˟ʳ˟˟̇ ˟ʳˡ˨ ʹ˟ʳˠ˧̇ʺ ʹˠˣˢʳ˦ˣʺ ˟ʳˠˡ̇ ˠˢʳ˨˥
GRAND TOTAL 100.00% 84,613.66 100.00% 15,796.04 100.00% 77,965.97 100.00% 12,112.39
ŗsǼǣǣsǼǣŘ_ǣÌǋsŸ¯ƼǋŸʩǼǣŘ_ĶŸǣǣsǣǋsƼŸǋǼs_ÞŘǼÌsEŸɚsǼEĶsÌɚsEssŘOŸŘǣÞ_sǋs_¯ǋŸŎǼÌsǋsǣƼsOǼÞɚsȖ_ÞǼs_ʩŘŘOÞĶǣǼǼsŎsŘǼǣ¯Ǽsǋ
ŎĨÞŘ¶ŘsOsǣǣǋɴOÌŘ¶sǣ¯ŸǋOŸŘǣŸĶÞ_ǼÞŸŘ_ĠȖǣǼŎsŘǼǣÌɚÞŘ¶ÞŎƼOǼŸŘǼÌsOŸŘǣŸĶÞ_Ǽs_ŘsǼǣǣsǼǣŘ_ŘsǼƼǋŸʩǼǣʳ
NOTE - 38
ǣƼsǋǼÌsŗŸǼÞʩOǼÞŸŘŘŸʳˢˡˀ˨˨˚Nr_Ǽs_ğȖĶɴ˧ʰˠ˨˨˨ʰǼÌsNŸŎƼŘɴɠǣsŘǼÞǼĶs_ǼŸǋs¯ȖŘ_Ÿ¯sɮOÞǣs_ȖǼɴÞŘµȖɠÌǼÞŘ_ğŎŎȖȖŘÞǼǣsǇȖÞɚĶsŘǼ
ǼŸˠ˟˟̇Ÿ¯ǼÌsŎŸȖŘǼŸ¯ǼÌs_ȖǼɴƼÞ_ǼÌǋŸȖ¶ÌƻsǋǣŸŘĶĵs_¶sǋOOŸȖŘǼʹ˄ƻĵ˅ʺʳ^ȖǋÞŘ¶ŘsǋĶÞsǋɴsǋʰǼÌsµŸɚsǋŘŎsŘǼÞǣǣȖs_ŘŸǼÞʩOǼÞŸŘǣ
ŘŸʳˠ˦ˀˡ˟˟˧˚NrŘ_ˠ˨ˀˡ˟˟˧˚Nr_Ǽs_ōǋOÌˡ˦ʰˡ˟˟˧ǋsǣǼǋÞOǼÞŘ¶ǼÌsǋs¯ȖŘ_ŎŸȖŘǼǼŸŎɮÞŎȖŎƼsǋOsŘǼ¶sǣƼsOÞʩs_ÞŘǼÌsŘŸǼÞʩOǼÞŸŘʳǻÌs
NŸŎƼŘɴÌǣǋsOsÞɚs_¯ɚŸȖǋEĶsŸǋ_sǋ¯ǋŸŎǼÌsËÞ¶ÌNŸȖǋǼŸ¯µȖɠÌǼÞ˓ğŎŎȖŘ_ħǣÌŎÞǋÞŘsǋĶÞsǋɴsǋǣʳOOŸǋ_ÞŘ¶ĶɴʰǼÌsNŸŎƼŘɴÌǣ
OOǋȖs_Ř__ÞǼÞŸŘĶEsŘsʩǼŸ¯`˨ˣ˟ʳˣ˧ʹˡ˟ˠˤ˚`˨˟˦ʳ˟˥ʺÞŘǼÌsOȖǋǋsŘǼɴsǋʳ
NOTE - 39
ǻÌsNŸŎƼŘɴÌǣsŘǼsǋs_ÞŘǼŸŘŸƼǼÞŸŘ¶ǋssŎsŘǼ_Ǽs_ōɴˤʰˡ˟ˠˠɠÞǼÌËsŘĨsĶµ˓NŸʳħµʹËsŘĨsĶµʺɠÌsǋsEɴǼÌsNŸŎƼŘɴÌǣ
¶ǋŘǼs_ËsŘĨsĶµʩǋŎŘ_ÞǋǋsɚŸOEĶsŸƼǼÞŸŘʰǼÞǼǣǣŸĶs_ÞǣOǋsǼÞŸŘǼŘɴǼÞŎs¯ǼsǋǼÌsEs¶ÞŘŘÞŘ¶Ÿ¯ǼÌsʩ¯ǼÌɴsǋŘ_sŘ_ÞŘ¶ȖƼŸŘǼÌssɮƼÞǋɴ
Ÿ¯ǼÌsǣÞɮǼÌɴsǋŸ¯ǼÌsǣÞ_¶ǋssŎsŘǼŸǋǣȖOÌŸǼÌsǋŎȖǼȖĶĶɴsɮǼsŘ_s_ƼsǋÞŸ_ʰǼŸOǇȖÞǋsŎɮÞŎȖŎŸ¯ˡ˥̇Ÿ¯ǼÌsÞǣǣȖs_sǇȖÞǼɴǣÌǋsOƼÞǼĶŸ¯
ǼÌsNŸŎƼŘɴǼƼǋÞOsɠÌÞOÌɠÞĶĶEsŎȖǼȖĶĶɴ_sǼsǋŎÞŘs_EɴǼÌsƼǋǼÞsǣǼĶǼsǋ_Ǽsʳ
NOTE 40
ǼÞǼǣŎssǼÞŘ¶ÌsĶ_ŸŘōɴˡˢʰˡ˟ˠ˥ǼÌsDŸǋ_Ÿ¯^ÞǋsOǼŸǋǣÌɚsƼƼǋŸɚs_ǼÌsǣOÌsŎsŸ¯ŎĶ¶ŎǼÞŸŘŸ¯ğɴŸǼÌɴNŸŘǣȖŎsǋƻǋŸ_ȖOǼǣōǋĨsǼÞŘ¶
ĵÞŎÞǼs_ʹɠÌŸĶĶɴŸɠŘs_ǣȖEǣÞ_ÞǋɴʺɠÞǼÌǼÌsNŸŎƼŘɴŸŘōɴˡˢʰˡ˟ˠ˥ʳǻÌsƼƼŸÞŘǼs__ǼsȖŘ_sǋǼÌsǣOÌsŎsɠÞĶĶEsƼǋÞĶˠʰˡ˟ˠ˥ʳ
Corporate Overview Performance Governance Financial Statements ˠ˦ˢ
NOTES
` in Lacs
NOTE 41 - EARNINGS PER SHARE
2016 2015
ŗsǼƻǋŸʩǼ¯ŸǋOĶOȖĶǼÞŸŘŸ¯EǣÞOŘ__ÞĶȖǼs_rƻǢ ˠˤʰ˦˨˥ʳ˟ˣ ˠˡʰˠˠˡʳˢ˨
ɟsÞ¶ÌǼs_ɚsǋ¶sŘȖŎEsǋŸ¯ǣÌǋsǣ¯ŸǋOĶOȖĶǼÞŸŘŸ¯EǣÞOrƻǢ ˠ˧ˠʰ˟˦˦ʰ˦˥ˣ ˠ˧ˠʰ˟ˡˢʰˣ˨˥
Effect of dilution :
ǢǼŸOĨŸƼǼÞŸŘ¶ǋŘǼs_ȖŘ_sǋrǢŷƻ ˡʰˤ˟˥ʰ˧ˤ˟ ˠʰˡˡˣʰˤˣˤ
ɟsÞ¶ÌǼs_ɚsǋ¶sŘȖŎEsǋŸ¯ǣÌǋsǣ¯ŸǋOĶOȖĶǼÞŸŘŸ¯_ÞĶȖǼs_rƻǢ ˠ˧ˢʰˤ˧ˣʰ˥ˠˣ ˠ˧ˡʰˡˣ˧ʰ˟ˣˠ
DǣÞOrƻǢʹ`ʺ ˧ʳ˦ˡ ˥ʳ˥˨
^ÞĶȖǼs_rƻǢʹ`ʺ ˧ʳ˥˟ ˥ʳ˥ˤ
NOTE 42 - EXCEPTIONAL ITEM

rɮOsƼǼÞŸŘĶÞǼsŎǋsĶǼsǣ__ÞǼÞŸŘĶƼɴŎsŘǼǼŸɠǋ_ǣǋsǼǋsŘOÌŎsŘǼŸ¯sŎƼĶŸɴssǣ¯ŸǋǼÌsħŘ_ŘǣǣsǋɴȖŘÞǼÞŘƼǋsɚÞŸȖǣɴsǋʳ
NOTE 43 - MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006 (‘MSMED’)
ǻÌs_ÞǣOĶŸǣȖǋsƼȖǋǣȖŘǼǼŸǼÌsǣÞ_OǼÞǣǣȖŘ_sǋʲ
2016 2015
ƻǋÞŘOÞƼĶŎŸȖŘǼ_ȖsǼŸǣȖƼƼĶÞsǋǣȖŘ_sǋōǢōrÔǼ ˣʰ˦ˠ˧ʳˤˣ ˢʰ˦ˣˠʳ˦˧
ÝŘǼsǋsǣǼ OOǋȖs_ Ř_ _Ȗs ǼŸ ǣȖƼƼĶÞsǋǣ ȖŘ_sǋ ǢsOǼÞŸŘ ˠ˥ Ÿ¯ ōǢōr^ OǼʰ ˡ˟˟˥ ŸŘ ǼÌs EŸɚs ˣʳ˨˦ ˣʳˢˠ
ŎŸȖŘǼʰȖŘƼÞ_
ÝŘǼsǋsǣǼƼÞ_ǼŸǣȖƼƼĶÞsǋǣȖŘ_sǋǼÌsōǢōrÔǼ - -
ÝŘǼsǋsǣǼ_ȖsŘ_ƼɴEĶsǼŸɠǋ_ǣǣȖƼƼĶÞsǋǣȖŘ_sǋōǢōrÔǼǼŸɠǋ_ǣƼɴŎsŘǼĶǋs_ɴŎ_s - -
Interest accrued and remaining unpaid at the end of accounting year ˣʳ˨˦ ˣʳˢˠ
NOTE 44 - PREVIOUS YEAR FIGURES

ƻǋsɚÞŸȖǣɴsǋʩ¶ȖǋsǣÌɚsEssŘǋs¶ǋŸȖƼs_ˀǋsOĶǣǣÞʩs_ʰɠÌsǋsŘsOsǣǣǋɴʰǼŸOŸŘ¯ŸǋŎǼŸǼÌÞǣɴsǋOĶǣǣÞʩOǼÞŸŘʳ
Signatures to Notes 1 to 44


NOTES
NOTES
NOTES
‘Ujala House’, Ramkrishna Mandir Road,
Kondivita, Andheri (East),
Mumbai - 400 059.
Telephone: +91-22-6689 2800
Fax: +91-22-6689 2805
Website: www.jyothylaboratories.com

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Made in

Annual Report 2015 16

Corporate Performance Governance Financial

02 The World of 24 Financial Highlights 51 Corporate 102 Standalone Financial

With each offering made to the consumer, we hope to instil a sense of

OUR BUSINESS OUR ORGANISATION OUR INSPIRATION

Best-in-class manufacturing infrastructure

For Indian manufacturing to achieve Lean engineering, automation,

Jyothy Laboratories has invested The key to producing excellence, day

It used to be said that knowledge is

The government’s digital policy aims performers, accelerating career

If India is to rise and rise some more, no

The cornerstone of the state policy is Corporate social responsibility

India is about booming consumerism and

At Jyothy Laboratories, the endeavour Today, for the global conglomerates,

People make a nation. Their skills make

The energy of the millennials is India’s

Jyothy Laboratories has always believed

“WHEN AN ORGANISATION HAS ALL

Q&A with Joint Managing

“WHEN A COUNTRY DOES WELL,

NET SALES SHARE OF POWERBRANDS IN REVENUE

TOTAL SALES GROWTH YEAR-ON-YEAR

POWERBRAND SALES GROWTH YEAR-ON-YEAR

PROFIT AFTER TAX SHARE OF SALES GROWTH IN

OPERATING EBIDTA GROWTH BY VOLUME

` 237.6 crore (14.4%) 9.3%

` 191.7 crore (12.7%)

Featured - big numbers

“OUR EFFORT IS TO ENSURE

the brand’s promise. The product has

The third segment that saw market-

The latest innovation in the mosquito

THE POWERBRAND STORY

THE POWERBRAND STORY

imagination of both health-conscious relationship. Pril Liquid

THE POWERBRAND STORY machine of its kind, which automatically

THE POWERBRAND STORY Margo Active Glycerine Soap, the brand

THE BRAND STORY

˒ 93 outlets in key cities of India

˒ Currently, country’s biggest laundry

˒ Current operations in Bengaluru, Delhi,

˒ Bagged prestigious Western Railways

M.P. RAMACHANDRAN NILESH MEHTA

K. ULLAS KAMATH K. P. PADMAKUMAR

S. RAGHUNANDAN BIPIN SHAH

JYOTHY LABORATORIES LIMITED

ECONOMIC SCENARIO growth of -3.8% and -3.7% respectively. INDIAN ECONOMY

Rising demand Attractive opportunities

Higher investments Policy support

THRUST ON SUSTAINABLE GROWTH

hands of consumers would lead to

˒ ǊȖǋĶ®ōNµ¶ǋŸɠǼÌʲThe rural FMCG 2014 2015 2014 2015

4.4% from USD 516 in 2015 to USD 631

FMCG goods. The population of middle

compounded rate of 5.43% from USD

2014 2015 2014 2015

OUTLOOK of India and develop it into a sourcing COMPANY OVERVIEW

Leadership through key brands

UJALA FABRIC WHITENER EXO BAR PRIL LIQUID

˒ ǊȖǋĶ®ōNµ¶ǋŸɠǼÌʲThe rural FMCG 2014 2015 2014 2015

˒rɮǼsŘ_ÞŘ¶ ˒rǣǼEĶÞǣÌÞŘ¶ ˒ĵsɚsǋ¶ÞŘ¶EǋŘ_ ˒ÝŘOǋsǣÞŘ¶¯ŸŸǼƼǋÞŘǼ ˒ǊsÞŘɚÞ¶ŸǋǼÞŘ¶

ǻÌsƼǋŸʩǼEÞĶÞǼɴŸ¯ǼÌs˄ǢŸƼǣŘ_^sǼsǋ¶sŘǼǣ˅ǣs¶ŎsŘǼǣǼŸŸ_Ǽ` 194.11 crore in FY 2015-16 from ` 147.71 crore in FY 2014-15.

SUSTAINABILITY PRACTICES ÞǼǼŸȖŘ_sǋǣǼŘ_OǣÌʪŸɠOɴOĶsŸ¯ÝŘ_ÞŘ ˒ ËȖŎŘǋsǣŸȖǋOsǣǋÞǣĨʲǻÌsNŸŎƼŘɴ

ƻǋŸʩǼEs¯ŸǋsǼɮ ˡ˟ˠʳˣˠ ˠˣ˥ʳ˨ˡ

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