Financials - 20 - 21

VU TECHNOLOGIES PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
VU TECHNOLOGIES PRIVATE
Name of company LIMITED
Corporate identity number U72200MH2005PTC152639
Permanent account number of entity AACCV1663P
30 MIDCCENTRAL
Address of registered office of company ROAD ANDHERI
EAST MUMBAI Maharashtra 400093 India
Commercial and
Type of industry Industrial
Number of employees in the company at the end of the financial Year [pure] 305
Whether company has published sustainability report for the financial
No
Year
Date of board meeting when final accounts were approved 25/09/2021
Period covered by financial statements 01-04-2020 to 31-03-2021 01-04-2019 to 31-03-2020
Date of start of reporting period 01/04/2020 01/04/2019
Date of end of reporting period 31/03/2021 31/03/2020
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other
Yes
relevant books and papers in electronic form
Gala No .16, Indian
Complete postal address of place of maintenance of computer Corporation, Mankol i
servers (storing accounting data) Naka, Dapode, Bhiwandi,
Thane - 421302
Name of city of place of maintenance of computer servers (storing
Bhiwandi
accounting data)
Name of state/ union territory of place of maintenance of
Maharashtra
computer servers (storing accounting data)
Pin code of place of maintenance of computer servers (storing
421302
accounting data)
Name of district of place of maintenance of computer servers
Thane
(storing accounting data)
ISO country code of place of maintenance of computer servers
+91
Name of country of place of maintenance of computer servers
India
Phone (with STD/ ISD code) of place of maintenance of computer
022
servers (storing accounting data)
VU TECHNOLOGIES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] Column 1
01/04/2020
to
31/03/2021
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 8540
Sales and Services
Description of product or service category of Televisions, LCD
/ LED Displays
Turnover of product or service category 701,34,50,715
Highest turnover contributing product or service (ITC 8 digit) code 85401110
Sales and Services
Description of product or service of Televisions, LCD
/ LED Displays
Unit of measurement of highest contributing product or service Nos
Turnover of highest contributing product or service 701,34,50,715
[400400] Disclosures - Directors report
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] Column 1 Column 2
01/04/2020 01/04/2020
to to
31/03/2021 31/03/2021
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director DEVITA HARISHKUMAR
Middle name of director RAJKUMAR BHAGVANJI
Last name of director SARAF DESAI
Designation of director Director Director
Director identification number of director 00350496 00350792
Date of signing board report 25/09/2021 25/09/2021
2
Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Material contracts/arrangements/transactions at arm's length basis
Column 1 Column 2 Column 3 Column 4
[Axis]
01/04/2020 01/04/2020 01/04/2020 01/04/2020
to to to to
31/03/2021 31/03/2021 31/03/2021 31/03/2021
V U Zenith World
Name of related party Ms. Devita Saraf Mr. Akash Saraf Videoconferen-cing Technologies Private
Private Limited Limited
Private company in Private company in
Key managerial which a director or which a director or
Director or his
Nature of related party relationship personnel or his
relative
manager or his manager or his
relative relative is a member relative is a member
or director or director
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
V U Zenith World
Name of related party Ms. Devita Saraf Mr. Akash Saraf Videoconferen-cing Technologies Private
Private Limited Limited
Private company in Private company in
Key managerial which a director or which a director or
Director or his
Nature of related party relationship personnel or his
relative
manager or his manager or his
relative relative is a member relative is a member
or director or director
Remuneration Security Deposit
Description of nature of material including Rent paid for office Loan given, sales & paid on premises,
contracts/arrangements/transactions with Commission, Rent premises of Rs. 23 purchases of goods Advances given,
related party and Reimbursement Lakhs per month and Interest on loan reimbursement of
of Expenses expenses and sales
Duration of material As per Board &
AGM Resolutions of As per Board As per Board
contracts/arrangements/transactions with 07.03.2018 and
Arrangement
resolution resolution
related party 18.12.2017
Dates of approval of material
contracts/arrangements/transactions with 10/08/2018 13/07/2017 30/07/2020 15/11/2019
related party by board
Whether approval taken from board for material
contracts/arrangements/transactions with Yes Yes Yes Yes
related party
Amount paid as advances if any for material
contracts/arrangements/transactions with 0 0 0 0
related party
3

01/04/2020
to
31/03/2021
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair [See below]
Disclosure relating to amounts if any which is proposed to carry to any
Not any
reserves
Your Directors intend to
utilize the profits for
expansion of the business
of the Company and hence
Disclosures relating to amount recommended to be paid as dividend do not recommend any
Dividend in respect of the
financial year ended 31st
March, 2021.
Though the Company’s
manufacturing
operations are not power
intensive, regular and
Details regarding energy conservation preventive maintenance
of all equipment is
undertaken by the
Company.
Details regarding technology absorption [See below]
Details regarding foreign exchange earnings and outgo [See below]
Disclosures in director’s responsibility statement [See below]
Details of material changes and commitment occurred during period
Not Any
affecting financial position of company
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (7)
188(1) [TextBlock] [See below]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Whether there are material contracts/arrangements/transactions at
Yes
arm's length basis
Date of board of directors' meeting in which board's report referred
25/09/2021
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Textual information (8)
[TextBlock] [See below]
Disclosure of statement on declaration given by independent directors
Not Applicable
under section 149(6) [TextBlock]
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters [See below]
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk
Not Any
management policy [TextBlock]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Disclosure of financial summary or highlights [TextBlock] [See below]
There has
been no change in the
Disclosure of change in nature of business [TextBlock] nature of business of the
Company
Details of directors or key managerial personnels who were Textual information (12)
appointed or have resigned during year [TextBlock] [See below]
Disclosure of companies which have become or ceased to be its
Not Any
subsidiaries, joint ventures or associate companies during
year [TextBlock]
Details relating to deposits covered under chapter v of companies act
Not any
[TextBlock]
Details of deposits which are not in compliance with requirements Textual information (13)
of chapter v of act [TextBlock] [See below]
4
Details of significant and material orders passed by

regulators or courts or tribunals impacting going concern [See below]
status and company’s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with Textual information (15)
reference to financial statements [TextBlock] [See below]
Disclosure of reasons if company fails to spend prescribed amount on CSR Others
Disclosure of other reasons if company fails to spend prescribed amount Textual information (16)
on CSR [See below]
Disclosure of appointment and remuneration of managerial personnels Textual information (17)
[TextBlock] [See below]
Number of meetings of board [pure] 8
5
Disclosure in board of directors report explanatory [Text Block]

DIRECTORS’ REPORT
To,
The Members of,
VU Technologies Private Limited
MUMBAI
Your Directors have pleasure in presenting their Annual Report and the audited Accounts for the financial year ended 31st March, 2021.
(Rs. In Lakhs)
2020-2021 2019-2020
FINANCIAL HIGHLIGHTS
Rs. Rs.
REVENUES
Revenue from Operations 55679.72 72427.65
Other Income 460.30 459.19
Total Revenue 56140.02 72886.84
EXPENSES
Expenses excluding depreciation and amortization 50233.18 71542.82
Depreciation and amortization 57.06 40.60
TOTAL EXPENSES 50290.24 71583.42
PROFIT BEFORE TAX 5849.78 1303.42
Current Tax
281.37
1517.42
Tax Expense of Previous Year
15.18 1.13
(-)6.66 4.78
Deferred Tax
1525.94
287.28
TOTAL TAX
PROFIT AFTER TAX FOR THE YEAR 4323.84 1016.14
6
EARNINGS PER SHARE (Face Value of Rs. 10/-) 44.12 10.37
COMPANY’S ACTIVITIES
The Company’s business includes sale and service contracts of LCD / LED TVs for consumers and LED Displays for commercial applications.
DIVIDEND
Your Directors intend to utilize the profits for expansion of the business of the Company and hence do not recommend any Dividend in respect of
the financial year ended 31st March, 2021.
REVIEW OF OPERATIONS
During the year under review,
· The net sales revenues at Rs. 556.79 Crores were lower than the previous year’s revenues of Rs 724.28 Crores due to Covid
· The Company continues to endeavour in maintaining customers to their utmost satisfaction levels by registering impeccable track record of
quality and delivery efficiency, thereby ensuring their continued patronage for your company’s products and services.
· Further changes and improvisations are under way in its products and these changes are in compliance with international requirements.
CHANGE IN THE NATURE OF BUSINESS, IF ANY
There has been no change in the nature of business of the Company.
FIXED DEPOSITS
The Company did not have outstanding interest free advances from Directors and shareholders as on 1st April, 2019; the Company has not
accepted or renewed any deposits under Sections 73 to 76 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules,
2014.
CORPORATE SOCIAL RESPONSIBILITY (CSR)
The Company was required to spend the sum of Rs. 82.29 lakhs (Previous Year Rs. 93.77 lakhs) as per the provisions of Section 135 of the
Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014. The Board constituted a CSR Committee of
2 members comprising of all the 2 Directors; the Committee spent sums aggregating to Rs. 134.00 Lakhs up to 22.09.2021. The CSR Committee
would decide the manner of spending the CSR amounts, including the accruals thereto as at 31.03.2021 on eligible activities as per the policy
charter. The Statement in this regard is annexed as ANNEXURE ‘C’
MEETINGS OF THE BOARD
The Board of Directors held 8 Meetings on 10th June,, 2020, 30th July, 2020, 8th September, 2020, 15th October, 2020, 4th December, 2020, 8th
February, 2021, 24th February, 2021 and 10th March, 2021 during the year.
DIRECTORS’ RESPONSIBILITY STATEMENT
The Board of Directors hereby declares and confirms, pursuant to Section 134(5) of the Companies Act, 2013 that:
(1) that in the preparation of the Annual Accounts, the applicable Accounting Standards have been followed along with proper
explanation relating to material departures;
(2) that the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are
reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year ended 31st March,
2021 and of the profit of the Company for that year;
(3) that the Directors have taken proper and sufficient care for the maintenance of adequate records in accordance with the provisions of
the Companies Act, 2013, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
(4) that the Directors have prepared the annual accounts on a going concern basis; and
(5) that systems to ensure compliance with the provisions of all applicable laws were in place and were adequate and operating
effectively
7
STATEMENT SHOWING THE EXTRACT OF THE ANNUAL RETURN AS ON THE FINANCIAL YEAR ENDED 31ST MARCH, 2021
In accordance with Section 92(3) of the Companies Act, 2013, read with Rule 12(1) of the Companies (Management and Administration) Rules,
2014, the Statement showing the Extract of the Annual Return as on the financial year ended 31st March, 2021 is annexed as Annexure ‘D’ and
forms part of this Report.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186 OF THE COMPANIES ACT, 2013
During the year, the Company has given a loan of Rs. 5 Crores to VU Videoconferencing Private Limited in accordance with Section 186 of the
Companies Act, 2013; the Company has however, not provided any guarantees or made any investments as covered under Section 186 of the
Companies Act, 2013.
RELATED PARTY TRANSACTIONS
All transactions / contracts / arrangements of the nature specified in Section 188(1) of the Companies Act, 2013 entered into by the Company
during the year under review with related party (ies) are in the ordinary course of business and on arm’s length basis. The particulars required to
be given pursuant to Section 188(1) of the Companies Act, 2013 are given in Form AOC – 2 annexed hereto as ANNEXURE ‘B’.
DIRECTORS
The Board of Directors, in view of the excellent overall performance of the Whole-time Director Ms. Devita Saraf, has decided to re-appoint her
as a Whole-time Director with effect from 1st April, 2021 for a period of 5 years, up to 31st March, 2026 on a remuneration from Rs.200 lakhs
per annum; a Special Resolution in this regard, would be placed before the Shareholders in the ensuing Annual General Meeting held on or before
30th November, 2021. The Board of Directors has also paid Commission of Rs.3.45 Crores on 10th March, 2021 to Ms. Devita Saraf in respect of
the year ended 31st March, 2021 (Previous Year Rs. 3.65 Crores) in accordance with the Special Resolution passed by the Shareholders in the
13th Annual General Meeting held on 10th September, 2018.
AUDITORS
The Notes to Accounts mentioned in the Audited Accounts of the Company for the year ended 31st March, 2021 are self explanatory to the
observations made by the Statutory Auditors in their Report on the said Financial Statements.
INTERNAL FINANCIAL CONTROL SYSTEM AND ITS ADEQUACY
Since the turnover of the Company exceeded Rs. 200 Crores, M/s. Subhash Soni & Company, Chartered Accountants, Mumbai, were appointed
as the Internal Auditors of the Company in respect of the financial year ended 31st March, 2021, pursuant to Section 138 of the Companies Act,
2013 and the Rules framed thereunder.
SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS
No Significant and Material Orders relating to settlement of tax liabilities, operation of patent rights, depression in market value of investments,
institution of cases by or against the company, sale or purchase of capital assets or destruction of any assets etc. were passed by the Regulators for
or against the Company during the financial year ended 31 March 2021.
EMPLOYEES
Relations between the management and its employees have been cordial. Your Directors place on record their appreciation of the efficient and
loyal services rendered by the employees of the Company at all levels.
The information required pursuant to Section 197 (12) read with Rule 5 of The Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014 is applicable only for a listed company. Hence the above data is not applicable. The Company did not, except in the case
of Ms. Devita Saraf, the Whole-time Director, pay any increased salary or perquisites to any KMP or any employee during the year; hence the
statement under these provisions is not annexed.
ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
The information required under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(2) of the Companies (Accounts) Rules, 2014,
with respect to conservation of energy, technology absorption and foreign exchange earnings and outgo is appended hereto as Annexure ‘A’ and
forms part of this Report.
ACKNOWLEDGEMENTS
Your Directors place on record their appreciation of the support received from the Company’s Bankers and Shareholders and look forward to their
continued support and goodwill.
By Order of the Board
MUMBAI DEVITA SARAF HARISH DESAI
Date: 25th September, 2021 WHOLE-TIME DIRECTOR DIRECTOR
8
DIN: 00350496 DIN: 00350792
ANNEXURE ‘A’ TO THE DIRECTORS’ REPORT
STATEMENT OF PARTICULARS REQUIRED TO BE GIVEN UNDER SECTION 134(3)(m) OF THE COMPANIES ACT, 2013 READ
WITH RULE 8(2) OF THE COMPANIES (ACCOUNTS) RULES, 2014 IN RESPECT OF THE FINANCIAL YEAR ENDED 31ST MARCH,
2021.
A. Conservation of Energy: Though the Company’s manufacturing operations are not power intensive, regular and preventive maintenance of all
equipment is undertaken by the Company.
B. Technology Absorption: Form B enclosed.
C. Foreign Exchange Earnings and Outgo: Rs. in Lakhs
Total foreign exchange used and earned
(i) Expenditure in foreign currency 38119.15
(ii) Foreign Exchange earned NIL
FORM B
Form of disclosure of particulars with respect to absorption
Specific areas in which R & D carried out by the Company :
Designing/Development of state-of-art systems, import substitution,technology upgradation. Upgradation of products and quality enhancement.
Development and evaluation of alternate raw materials.
Benefits derived as a result of the above R & D:
Cost reduction, product improvement, import substitution and effective time management.
Future plan of action :
Development of new products and enhancing market revenues by upgrading existing spectrum of products.
4. Expenditure in R & D : Rs. in Lakh’s
a. Capital NIL
b. Recurring NIL
c. Total NIL
d. Total R & D expenditure as a percentage of total turnover NIL %
TECHNOLOGY ABSORPTION ADAPTATION AND INNOVATION
1. Efforts, in brief, made towards technology absorption, adaptation and innovation :
Efforts are on going towards innovation and technology upgradation for achieving cost reduction and higher quality management.
2. Benefits derived as a result of the above efforts : On going
3. Imported Technology : None
DIN: 00350496 DIN: 00350792
9
ANNEXURE ‘B’ TO THE DIRECTORS’ REPORT
Form AOC - 2
{Pursuant to Clause (h) of Sub-section (3) of Section 134 of the Companies Act, 2013 read with Rule 8 (2) of the Companies Accounts) Rules
2014}
Form for Disclosure of Particulars of Contracts / Arrangements entered into by the Company with related parties referred to in Sub-section (1) of
Section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto
I.
Details of contracts
or arrangements or
transactions NOT
on arms length
basis – NIL
II.
Details of contracts
or arrangements or
transactions on
arms length basis
Date on
which
Special
Salient Terms
Resolution
and Justification
was
Nature of Duration of Conditions of for entering Amount
Date(s) of passed in
Name(s) of the Nature of Contracts / Contracts / Contracts / into such paid as
approval by general
Related Party Relationship Arrangements / Arrangements Arrangements Contracts / advances,
the Board meeting as
Transactions / Transactions / Transactions Arrangements if any A
required
including / Transactions
by the first
Value, if any
proviso to
Section
188
As per Board
Remuneration
& AGM
Whole-time including Remuneration 01.09.2016, Special
Resolutions As per
Director of Commission, as 07.03.2018, Resolution
Ms. Devita Saraf of Companies NIL
the Rent and Whole-time passed on
07.03.2018 Act, 2013
Company Reimbursement Director 10.08.2018 18.12.2017
and
of Expenses
18.12.2017
Rent paid for

Office
Relative of office premises Rent at
Mr. Akash Saraf Arrangement Premises 13.07.2017 NIL NA
Director of Rs. 23 Lakhs Market Rates
given on rent
per month
Loan given, At arms’

Sales &
VU sales & As per Board length basisi
Relative of purchases of
Videoconferen-cing purchases of resolution as per 30.07.2020 NIL NA
Director goods at
Private Limited goods and dated commercial
market rates
Interest on loan norms
10
Security
Deposit paid on Office
premises, Premises
Zenith World Transaction
Relative of Advances As per Board given on rent,
Technologies at Market 15.11.2019 NIL NA
Director given, resolution advances for
Private Limited Rates
reimbursement goods &
of expenses expenses
and sales
Date: 25 th September, 2021 WHOLE-TIME DIRECTOR DIRECTOR
DIN: 00350496 DIN: 00350792
Description of state of companies affair

During the year under review, • The net sales revenues at Rs. 556.79 Crores were lower than the previous year’s revenues of Rs 724.28 Crores
due to Covid • The Company continues to endeavour in maintaining customers to their utmost satisfaction levels by registering impeccable track
record of quality and delivery efficiency, thereby ensuring their continued patronage for your company’s products and services. • Further changes
and improvisations are under way in its products and these changes are in compliance with international requirements.
Details regarding technology absorption

Form of disclosure of particulars with respect to absorption 1. Specific areas in which R & D carried out by the Company :
Designing/Development of state-of-art systems, import substitution,technology upgradation. Upgradation of products and quality enhancement.
Development and evaluation of alternate raw materials. 2. Benefits derived as a result of the above R & D: Cost reduction, product improvement,
import substitution and effective time management. 3. Future plan of action : Development of new products and enhancing market revenues by
upgrading existing spectrum of products. 4. Expenditure in R & D : Rs. in Lakh’s a. Capital NIL b. Recurring NIL c. Total NIL d. Total R & D
expenditure as a percentage of total turnover NIL % TECHNOLOGY ABSORPTION ADAPTATION AND INNOVATION 1. Efforts, in brief,
made towards technology absorption, adaptation and innovation : Efforts are on going towards innovation and technology upgradation for
achieving cost reduction and higher quality management. 2. Benefits derived as a result of the above efforts : On going 3. Imported Technology :
None
Details regarding foreign exchange earnings and outgo

. Foreign Exchange Earnings and Outgo: Rs. in Lakhs Total foreign exchange used and earned (i) Expenditure in foreign currency 38119.15 (ii)
Foreign Exchange earned NIL
11
Disclosures in director’s responsibility statement

DIRECTORS’ RESPONSIBILITY STATEMENT The Board of Directors hereby declares and confirms, pursuant to Section 134(5) of the
Companies Act, 2013 that: (1) that in the preparation of the Annual Accounts, the applicable Accounting Standards have been followed along
with proper explanation relating to material departures; (2) that the Directors have selected such accounting policies and applied them consistently
and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the
end of the financial year ended 31st March, 2021 and of the profit of the Company for that year; (3) that the Directors have taken proper and
sufficient care for the maintenance of adequate records in accordance with the provisions of the Companies Act, 2013, for safeguarding the assets
of the Company and for preventing and detecting fraud and other irregularities; (4) that the Directors have prepared the annual accounts on a
going concern basis; and (5) that systems to ensure compliance with the provisions of all applicable laws were in place and were adequate and
operating effectively
Particulars of loans guarantee investment under section 186 [Text Block]

Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
12
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
ANNEXURE ‘D’ TO THE DIRECTORS’ REPORT
STATEMENT SHOWING THE EXTRACT OF THE ANNUAL RETURN AS ON THE FINANCIAL YEAR ENDED 31ST MARCH, 2021
{Pursuant Section 92(3) of the Companies Act, 2013, read with Rule 12(1) of the Companies (Management and Administration) Rules, 2014}
I. REGISTRATION AND OTHER DETAILS
i. CIN : L72200MH2005PTC152639
ii. Registration Date : 14th April, 2005
iii. Name of the Company : VU TECHNOLOGIES PRIVATE LIMITED
iv. Category / Sub–category of the Company : Company Limited by shares /Non- Government Company
PLOT NO. 30, CENTRAL ROAD, ANDHERI (EAST), MUMBAI 400

093
v. Address of the Registered Office:
vi. Whether Listed Company: No
vii. Name, Address and Contact Details of the Registrar

and
Not Applicable
Transfer Agent, if any
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
All business activities contributing 10% or more of the total turnover of the Company shall be stated:-
Sl Name and description of the main products / NIC Code of the Product / % to total turnover of the
Turnover in Rs.
No. services Service Company
Sales and Services of Televisions, Display Rs. 55679.72

1. 847100 & 852400 100%
Systems, Monitors, etc.. lakhs
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES
Holding, % of
Name and address CIN / Applicable
13
Sl No. of the Company GLN Subsidiary / Shares Section

Associate held
NONE
The Company does not have any holding Company or

Associate Company as defined in the Companies Act, 2013
IV. Shareholding Pattern (Equity Share Capital Break-up as percentage of total)
i) Category-wise Shareholding
No. of Shares
No. of Shares
held at the % Change
Category of Share-holders held at the end
beginning of the during year
of the year
year
% of % of
Demat Physical Total Demat Physical Total
Shares Shares
PROMOTERS – Indian
a) Individuals / HUF NIL 97,95,000 97,95,000 99.95 NIL 97,95,000 97,95,000 99.95 NIL
b) Bodies
NIL NIL NIL NIL NIL NIL NIL NIL NIL
Corpo-rate/Banks/FIs,etc.
Sub-Total (A) (1) NIL 97,95,000 97,95,000 99.95 NIL 97,95,000 97,95,000 99.95 NIL
(1) FOREIGN
NRIs—Individuals/ Bodies
NIL NIL NIL NIL NIL NIL NIL NIL NIL
Corporate /FIs/etc.
Sub-Total (A) (2) NIL NIL NIL NIL NIL 97,95,000 97,95,000 99.95 NIL
Total Shareholding of
Promoters (A) = (A) (1) + NIL 97,95,000 97,95,000 99.95 NIL 97,95,000 97,95,000 99.95 NIL
(A) (2)
B. PUBLIC
SHARE-HOLDING
Individuals NIL 5,000 5,000 NIL NIL 5,000 5,000 0.05 NIL
Total Public Shareholding

NIL 5,000 5,000 0.05 NIL 5,000 5,000 0.05 NIL
(B)
14
GRAND TOTAL (A+B) NIL 98,00,000 98,00,000 100 NIL 98,00,000 98,00,000 100 NIL
(ii) Shareholding of Promoters
Shareholding at % Change in
Shareholder’s Shareholding at the
Sl. No. the end of the Share-holding
Name beginning of the year
year during the year
% to total % Shares Shares % Shares Shares

No. of % to total Shares in
Shares in the pledged / encumbered to No. of Shares pledged / encumbered to
Shares the Company
Company total shares total shares
1 Devita Saraf 97,95,000 99.95 NIL 97,95,000 99.95 NIL NIL
TOTAL 97,95,000 99.95 NIL 97,95,000 99.95 NIL NIL
(i) Shareholding Pattern of the top ten Shareholders (other than Directors, Promoters and Holders of GDRs AND ADRs)
Shareholding at Shareholding at Date(s)

Top Ten Changes in Reasons for
the beginning of the end of the of
Shareholders Shareholding change
the year year Change
% to the total % to the total % to the total

Name of the No. of No. of
Sl. No No. of Shares Shares in the Shares in the Shares in the
Shareholder Shares Shares
Company Company Comp-any
1. Samir Tibrewala 5,000 0.05 5,000 0.05 5,000 0.05 NA NA
TOTAL 5,000 0.05 5,000 0.05 5,000 0.05 NA NA
(ii) Shareholding of Directors and Key Managerial Personnel (KMP)
Shareholding
Cumulative
Shareholding at the beginning of
Shareholding
the year at the end of
during the year
the year
% to the
% to the
% to the total total
Sl. No. of No. of total Shares No. of
Name of the Director / KMP Designation Shares in the Shares in
No Shares Shares in the Shares
Company the
Company
Company
Whole-time
1 Devita Saraf 97,95,000 99.95 97,95,000 99.95 97,95,000 99.95
Director
The Company did not have any
15
other Key Managerial {Personnel

during the year.
(V) INDEBTEDNESS - (Rs. In Lacs)
Indebtedness of the Company including interest outstanding / accrued but not due for payment
Secured Loans excluding Unsecured Total

Deposits
Deposits Loans Indebtedness
Indebtedness at the beginning of the financial year
a) Principal Amount NIL NIL NIL NIL
(i) Interest due

NIL NIL NIL NIL
but not paid
(ii) Interest accrued but not due NIL NIL NIL NIL
TOTAL ((i) + (ii) NIL NIL NIL NIL
Changes in Indebtedness during the Financial Year
Addition in Principal NIL NIL NIL NIL
Addition in Interest NIL NIL NIL NIL
Reduction in Principal NIL NIL NIL NIL
Reduction in Interest NIL NIL NIL NIL
TOTAL NIL NIL NIL NIL
Indebtedness at the end of the financial year
b) Principal Amount NIL NIL NIL NIL
(i) Interest due but not paid NIL NIL NIL NIL
(ii) Interest accrued but not due NIL NIL NIL NIL
TOTAL ((i) + (ii) + (iii) NIL NIL NIL NIL
16
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMP)
Remuneration of Managing Director, Whole-time Director and / or Manager
Particulars of Name of the Total

Sl. No.
Remuneration Whole-time Director Amount (Rs.)
Ms. Devita Rajkumar

Saraf
1. Gross Salary
1,00,00,000/-
(a) Salary as per the
provisions of Section
(includes salary 1,00,00,000/-
17(1) of the Income Tax
95,56,000 + PF_FPF
Act, 1961
4,44,000)
(b) Value of
perquisites U/S. 17(2)
NIL NIL
of the Income Tax Act,
1961
c )Profits in lieu of
salary U/S. 17(3) of the
NIL NIL
Income Tax Act, 1961
(Commission)
2. Stock Option NIL NIL
3. Sweat Equity NIL NIL
4. Commission – NIL
as a % of Profit NIL NIL
Others, specify (Commission) 3,45,00,000/- 3,45,00,000/-
5. Others, Please Specify NIL NIL
TOTAL 4,45,00,000/- 4,45,00,000/-
5% of the Net Profits or

as per Part II of See Note
Ceiling as per the Act
Schedule V to the below
Note: The Company being a Private Limited Company, Section

197 of the Companies Act, 2013 read with the relevant Rules
are not applicable to payment of remuneration to Ms. Devita
Saraf, the Whole-time Director.
17
Remuneration to other Directors – NIL
C. REMUNERATION TO KEY MANAGERIALPERSONNEL OTHER THAN MD /
MANAGER / WTD - NIL
VII. PENALTIES / PUNISHMENT / COMPOUNDING OF OFFENCES: NIL
DIN: 00350496 DIN: 00350792
Disclosure for companies covered under section 178(1) on directors appointment and remuneration including other
matters provided under section 178(3) [Text Block]
DIRECTORS
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
The Company was required to spend the sum of Rs. 82.29 lakhs (Previous Year Rs. 93.77 lakhs) as per the provisions of Section 135 of the
Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014. The Board constituted a CSR Committee of
2 members comprising of all the 2 Directors; the Committee spent sums aggregating to Rs. 134.00 Lakhs up to 22.09.2021. The CSR Committee
would decide the manner of spending the CSR amounts, including the accruals thereto as at 31.03.2021 on eligible activities as per the policy
charter. The Statement in this regard is annexed as ANNEXURE ‘C’
18
Disclosure of financial summary or highlights [Text Block]
2020-2021 2019-2020
FINANCIAL HIGHLIGHTS
Rs. Rs.
REVENUES
Revenue from Operations 55679.72 72427.65
Other Income 460.30 459.19
Total Revenue 56140.02 72886.84
EXPENSES
Expenses excluding depreciation and amortization 50233.18 71542.82
Depreciation and amortization 57.06 40.60
TOTAL EXPENSES 50290.24 71583.42
PROFIT BEFORE TAX 5849.78 1303.42
Current Tax
281.37
1517.42
Tax Expense of Previous Year
15.18 1.13
(-)6.66 4.78
Deferred Tax
1525.94
287.28
TOTAL TAX
PROFIT AFTER TAX FOR THE YEAR 4323.84 1016.14
EARNINGS PER SHARE (Face Value of Rs. 10/-) 44.12 10.37
19
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
DIRECTORS
Details of deposits which are not in compliance with requirements of chapter v of act [Text Block]
The Company did not have outstanding interest free advances from Directors and shareholders as on 1st April, 2019; the Company has not
accepted or renewed any deposits under Sections 73 to 76 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules,
2014.
Details of significant and material orders passed by regulators or courts or tribunals impacting going concern status
and company’s operations in future [Text Block]
No Significant and Material Orders relating to settlement of tax liabilities, operation of patent rights, depression in market value of investments,
institution of cases by or against the company, sale or purchase of capital assets or destruction of any assets etc. were passed by the Regulators for
or against the Company during the financial year ended 31 March 2021.
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
Since the turnover of the Company exceeded Rs. 200 Crores, M/s. Subhash Soni & Company, Chartered Accountants, Mumbai, were appointed
as the Internal Auditors of the Company in respect of the financial year ended 31st March, 2021, pursuant to Section 138 of the Companies Act,
2013 and the Rules framed thereunder.
Disclosure of other reasons if company fails to spend prescribed amount on CSR

During the Financial Year 2020 - 2021, Company has incurred expenditure of Rs. 46,00,000/- in CSR activities. The balance amount of Rs.
36,29,728/- could not be spent due to lack of suitable CSR projects. The Company is in process of identifying the same and the amount will be
spent on CSR activities as soon as possible.
20
Disclosure of appointment and remuneration of managerial personnels [Text Block]

[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] Column 1
01/04/2020
to
31/03/2021
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Haribhakti & Co.
Name of audit firm LLP
SAKHARDANDE
Name of auditor signing report SUMANT
MANGESH
Firms registration number of audit firm 103523W
Membership number of auditor 034828
HARIBHAKTI &
CO LLP 705
LEELA BUSINESS
PARK ANDHERI
Address of auditors KURLA ROAD
ANDHERI EAST
MUMBAI 400059
INDIA
Permanent account number of auditor or auditor's firm AAAFH2010F
SRN of form ADT-1 G58903170
Date of signing audit report by auditors 25/09/2021
Date of signing of balance sheet by auditors 25/09/2021
21
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark
[Member]
01/04/2020
to
31/03/2021
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report
[LineItems]
Disclosure in auditors report relating to fixed assets As detailed below
The Company has
maintained proper
records showing full
particulars, including
Disclosure relating to quantitative details of fixed assets quantitative details
and situation of the
Property, Plant and
Equipment.
Textual information
Disclosure relating to physical verification and material discrepancies of fixed assets (18) [See below]
The title deeds of
immovable
properties recorded
as Property, Plant
and Equipment
Disclosure relating to title deeds of immovable properties including capital
work in progress in
the books of account
of the Company are
held in the name of
the Company.
Textual information
Disclosure in auditors report relating to inventories (19) [See below]
The Company has
granted unsecured
loan to 1 (one) of the
party, namely Vu
Videoconferencing
Disclosure in auditors report relating to loans Private Limited,
covered in the
register maintained
under section 189 of
the Act.
The terms and
conditions of the
aforesaid loan
granted by the
Disclosure about loans granted to parties covered under section 189 of companies act Company are not
prejudicial to the
interest of the
Company
The schedule of
repayment of
principal and
payment of interest
in respect of such
Disclosure relating to terms and conditions of loans granted loan has been
stipulated and the
repayments or
receipts are regular
wherever stipulated.
In respect of the
aforesaid loan, there
is no overdue
Disclosure regarding receipt of loans granted amount of loan
remaining
outstanding as at the
year-end.
Disclosure regarding terms of recovery of loans granted NA
Textual information
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013 (20) [See below]
Textual information
Disclosure in auditors report relating to deposits accepted (21) [See below]
22
The Central
Government has not
prescribed the
maintenance of cost
records for any of
Disclosure in auditors report relating to maintenance of cost records the products of the
Company under
sub-section (1) of
section 148 of the
Act and the rules
framed there under.
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (22) [See below]
Textual information
Disclosure relating to regularity in payment of undisputed statutory dues [TextBlock] (23) [See below]
Textual information
Disclosure relating to disputed statutory dues [TextBlock] (24) [See below]
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (25) [See below]
Disclosure in auditors report relating to public offer and term loans used for purpose for which Textual information
those were raised (26) [See below]
Disclosure in auditors report relating to fraud by the company or on the company by its officers Textual information
or its employees reported during period (27) [See below]
Textual information
Disclosure in auditors report relating to managerial remuneration (28) [See below]
In our opinion, the
Company is not a
Nidhi Company.
Disclosure in auditors report relating to Nidhi Company Therefore, clause
3(xii) of the Order is
not applicable to the
Company.
Textual information
Disclosure in auditors report relating to transactions with related parties (29) [See below]
Disclosure in auditors report relating to preferential allotment or private placement of shares or Textual information
convertible debentures (30) [See below]
The Company has
not entered into any
non-cash
transactions with
directors or persons
Disclosure in auditors report relating to non-cash transactions with directors or persons connected
connected with them
with him during the year and
hence provisions of
section 192 of the
Act are not
applicable.
The Company is not
required to be
Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India registered under
Act, 1934 section 45-IA of the
Reserve Bank of
India Act, 1934.

01/04/2020
to
31/03/2021
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
Disclosure relating to physical verification and material discrepancies of fixed assets

During the year, Property, Plant and Equipment of the Company have been physically verified by the management and no material discrepancies
were noticed on such verification. In our opinion, the frequency of verification is reasonable having regard to the size of the Company and the
nature of its assets.
23
Disclosure in auditors report relating to inventories

The inventory (excluding stocks lying with third parties) has been physically verified by the management during the year. In respect of inventory
lying with third parties, these have substantially been confirmed by them. In our opinion, the frequency of verification is reasonable. As informed,
no material discrepancies were noticed on physical verification carried out during the year.
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
With respect to loan, the Company has complied with the provisions of Section 186 of the Act. Further, the Company has not entered into any
transactions of loans which fall within the purview of Section 185 and of investment and guarantee which fall within the purview of Section 186
of the Act.
Disclosure in auditors report relating to deposits accepted

In our opinion, the Company has not accepted any deposits from the public within the provisions of sections 73 to 76 of the Act and the rules
framed there under. Accordingly, the provisions of clause 3(v) of the Order is not applicable to the Company.
Disclosure in auditors report relating to statutory dues [Text Block]

The Company is regular in depositing with appropriate authorities, undisputed statutory dues including provident fund, employees’ state
insurance, income tax, goods and services tax (GST), customs duty, cess and any other material statutory dues applicable to it, however, there
have been slight delay in few cases. During the year 2017-18, sales tax, value added tax, service tax and duty of excise subsumed in GST and are
accordingly reported under GST.
Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]

No undisputed amounts payable in respect of provident fund, employees’ state insurance, income tax, GST, customs duty, cess and any other
material statutory dues applicable to it, were outstanding, at the year end, for a period of more than six months from the date they became
payable.
24
Disclosure relating to disputed statutory dues [Text Block]

(a) There are no dues with respect to service tax, GST, customs duty, excise duty which have not been deposited on account of any dispute.
The disputed dues outstanding with respect to sales tax, value added tax and income tax are as follows:
Nature Period to which the

Name of the statute Amount Forum where dispute is pending
of dues amount relates
Rs. 8,60,428
Sales Joint Commissioner
The Central Sales Tax Act, 1956 (net of payment FY 2010-11
Tax of State Tax (Appeals)
made of Rs.
37,697)
Rs. 65,04,230
Maharashtra Value Added Tax Act, 2002 & Sales (net of payment Joint Commissioner
FY 2012-13
The Central Sates Tax Act, 1956 Tax made of Rs. of State Tax (Appeals)
18,18,794)
Rs. 33,59,115
Maharashtra Value Added Tax Act, 2002 & Sales Joint Commissioner
(net of payment FY 2013-14
The Central Sales Tax Act, 1956 Tax of State Tax (Appeals)
made of Rs.
4,61,734)
Rs. 6,60,00,420
Joint Commissioner
Maharashtra Value Added Tax Act, 2002 & Sales
(net of payment FY 2014-15 of State Tax (Appeals) and
The Central Sales Tax Act, 1956 Tax
made of Rs. Maharashtra Sales Tax Tribunal
27,91,496)
Rs.35,77,75,494
Joint Commissioner
(net of payment FY 2015-16 of State Tax (Appeals) ) and
1,21,53,037)
Rs. 90,496,267
Joint Commissioner
449,403)
Disclosure in auditors report relating to default in repayment of financial dues

During the year, the Company has not taken any loans or borrowings from any financial institution, bank or government nor has it issued any
debentures. Accordingly, clause 3(viii) of the Order is not applicable to the Company.
25
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
The Company has not raised any moneys by way of initial public offer, further public offer (including debt instruments) or term loans during the
year. Accordingly, clause 3(ix) of the Order is not applicable to the Company.
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
During the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditing
practices in India, and according to the information and explanations given to us, we have neither come across any instance of fraud by the
Company or any fraud on the Company by its officers or employees, noticed or reported during the year, nor have we been informed of any such
instance by the management.
Disclosure in auditors report relating to managerial remuneration

As the Company is a private limited company, the provisions of section 197 read with Schedule V to the Act are not applicable to the Company.
Accordingly, clause 3(xi) of the Order is not applicable to the Company.
Disclosure in auditors report relating to transactions with related parties

All transactions entered into by the Company with the related parties are in compliance with section 188 of the Act and the details have been
disclosed in the financial statements as required by the applicable accounting standards.
Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
The Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year.
Therefore, clause 3(xiv) of the Order is not applicable to the Company.
26
Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITOR’S REPORT
To the Members of VU Technologies Private Limited
Report on the Audit of Financial Statements
Opinion
We have audited the accompanying financial statements of VU Technologies Private Limited (“the Company”), which comprise the Balance
Sheet as at March 31, 2021, the Statement of Profit and Loss and the Statement of Cash Flows for the year then ended, and notes to the financial
statements including a summary of significant accounting policies and other explanatory information (hereinafter referred to as “financial
statements”).
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the
information required by the Companies Act, 2013 (“the Act”) in the manner so required and give a true and fair view in conformity with the
accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2021, its profit and its cash flows for the
year ended on that date.
Basis for Opinion
We conducted our audit in accordance with Standards on Auditing (SAs) specified under section 143(10) of the Act. Our responsibilities under
those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are
independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together
with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and Rules thereunder, and
we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the financial statements.
Emphasis of Matter
We draw attention to the following matter in the notes to financial statements:
a. Note 37(d) to the financial statements which explains the management's assessment of the financial impact due to lockdown / restrictions
related to the COVID-19 pandemic imposed by the Governments, for which a definitive assessment of the impact is dependent upon future
economic conditions.
b. Attention is invited to Note. 38 of financial statements with regards to our non-attendance of physical verification of inventory at the year
end.
Our opinion is not modified in respect of these matters.
Other Information
The Company’s Board of Directors is responsible for the other information. The other information comprises the information included in the
Board report, but does not include the financial statements and our auditor’s report thereon.
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
27
In connection with our audit of thefinancial statements, our responsibility is to read the other information and, in doing so, consider whether the
other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be
materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report
that fact. We have nothing to report in this regard.
Responsibilities of Management and Those Charged with Governance for the Financial Statements
The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these
financial statements that give a true and fair view of the financial position,financial performanceand cash flowsof the Company in accordance
with the accounting principles generally accepted in India, including the Accounting Standardsprescribed under section 133 of the Act, read with
relevant rules issued thereunder. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions
of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application
of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance
of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of thefinancial statements that give a true and fair view and are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing,
as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the
Company or to cease operations, or has no realistic alternative but to do so.
Those Board of Directors are also responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether
due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of this financial statements. As part of an audit in accordance with SAs, we exercise professional judgment
and maintain professional skepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit
procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances.
Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial
controls with reference to financial statements in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by
management.
• Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained,
whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a
going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures
in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained
up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial
statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant
audit findings, including any significant deficiencies in internal control that we identify during our audit.
28
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and
where applicable, related safeguards.
Report on Other Legal and Regulatory Requirements
(1) As required by the Companies (Auditor’s Report) Order, 2016 (“the Order”) issued by the Central Government of India in terms of section
143(11) of the Act, we give in “Annexure 1”, a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.
(2) As required by section 143(3) of the Act, we report that:
a. We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit;
b. In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those
books;
c.The Balance Sheet, the Statement of Profit and Lossand the Statement of Cash Flows dealt with by this report are in agreement with the books
of account;
d. In our opinion, the aforesaid financial statements comply with the Accounting Standardsprescribed under section 133 of the Act read
withrelevant rules issued thereunder;
e. On the basis of the written representations received from the directors as on March 31, 2021, and taken on record by the Board of Directors,
none of the directors is disqualified as on March 31, 2021 from being appointed as a director in terms of section 164(2) of the Act;
f. With respect to the adequacy of the internal financial controls with reference to financial statements of the Company and the operating
effectiveness of such controls, refer to our separate report in “Annexure 2”;
g. With respect to the other matter to be included in the Auditor’s Report in accordance with the requirements of section 197(16) of the Act:
In our opinion and to the best of our information and according to the explanations given to us, the Company being a private company, section
197 of the Act related to the managerial remuneration is not applicable.
h. With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
(i) The Company has disclosed the impact of pending litigations on its financial position in its financial statements – Refer Note 31on Contingent
Liabilities to the financial statements;
(ii)The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses; and
(iii) There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.
For Haribhakti & Co.LLP
Chartered Accountants
ICAI Firm Registration No.103523W/W100048
29
______________________
Sumant Sakhardande
Partner
Membership No.034828
UDIN:
Place: Mumbai
Date : September 25, 2021
ANNEXURE 1 TO THE INDEPENDENT AUDITOR’S REPORT
[Referred to in paragraph 1 under ‘Report on Other Legal and Regulatory Requirements’ section in the Independent Auditor’s
Report of even date to the members of VU Technologies Private Limited on the financial statements for the year ended March
31, 2021]
Based on the audit procedures performed for the purpose of reporting a true and fair view on the financial statements of the
Company and taking into consideration the information and explanations given to us and the books of account and other records
examined by us in the normal course of audit, we report that:
(i)
(a) The Company has maintained proper records showing full particulars, including quantitative details and situation of
the Property, Plant and Equipment.
(b) During the year, Property, Plant and Equipment of the Company have been physically verified by the management and
no material discrepancies were noticed on such verification. In our opinion, the frequency of verification is reasonable having
regard to the size of the Company and the nature of its assets.
(c) The title deeds of immovable properties recorded as Property, Plant and Equipment including capital work in progress
in the books of account of the Company are held in the name of the Company.
(ii) The inventory (excluding stocks lying with third parties) has been physically verified by the management during the year. In
respect of inventory lying with third parties, these have substantially been confirmed by them. In our opinion, the frequency of
verification is reasonable. As informed, no material discrepancies were noticed on physical verification carried out during the
year.
(iii) The Company has granted unsecured loan to 1 (one) of the party, namely Vu Videoconferencing Private Limited, covered
in the register maintained under section 189 of the Act.
(a) The terms and conditions of the aforesaid loan granted by the Company are not prejudicial to the interest of the Company.
(b) The schedule of repayment of principal and payment of interest in respect of such loan has been stipulated and the
repayments or receipts are regular wherever stipulated.
30
(c) In respect of the aforesaid loan, there is no overdue amount of loan remaining outstanding as at the year-end.
(iv) With respect to loan, the Company has complied with the provisions of Section 186 of the Act. Further, the Company has
not entered into any transactions of loans which fall within the purview of Section 185 and of investment and guarantee which fall
within the purview of Section 186 of the Act.
(v) In our opinion, the Company has not accepted any deposits from the public within the provisions of sections 73 to 76 of the
Act and the rules framed there under. Accordingly, the provisions of clause 3(v) of the Order is not applicable to the Company.
(vi) The Central Government has not prescribed the maintenance of cost records for any of the products of the Company under
sub-section (1) of section 148 of the Act and the rules framed there under.
(vii)
(a) The Company is regular in depositing with appropriate authorities, undisputed statutory dues including provident fund,
employees’ state insurance, income tax, goods and services tax (GST), customs duty, cess and any other material statutory
dues applicable to it, however, there have been slight delay in few cases. During the year 2017-18, sales tax, value added tax,
service tax and duty of excise subsumed in GST and are accordingly reported under GST.
No undisputed amounts payable in respect of provident fund, employees’ state insurance, income tax, GST, customs duty, cess
and any other material statutory dues applicable to it, were outstanding, at the year end, for a period of more than six months
from the date they became payable.
(b) There are no dues with respect to service tax, GST, customs duty, excise duty which have not been deposited on
account of any dispute. The disputed dues outstanding with respect to sales tax, value added tax and income tax are as follows:
Nature Period to which the

Name of the statute Amount Forum where dispute is pending
of dues amount relates
Rs. 8,60,428
Sales Joint Commissioner
The Central Sales Tax Act, 1956 (net of payment FY 2010-11
Tax of State Tax (Appeals)
made of Rs.
37,697)
Rs. 65,04,230
Maharashtra Value Added Tax Act, 2002 Sales (net of payment Joint Commissioner
FY 2012-13
& The Central Sates Tax Act, 1956 Tax made of of State Tax (Appeals)
Rs. 18,18,794)
Rs. 33,59,115
Maharashtra Value Added Tax Act, 2002 Sales Joint Commissioner
(net of payment FY 2013-14
& The Central Sales Tax Act, 1956 Tax of State Tax (Appeals)
made of Rs.
4,61,734)
Rs. 6,60,00,420
Joint Commissioner
Maharashtra Value Added Tax Act, 2002 Sales
& The Central Sales Tax Act, 1956 Tax
27,91,496)
Rs.35,77,75,494
Joint Commissioner
31
Maharashtra Value Added Tax Act, 2002 Sales (net of payment FY 2015-16 of State Tax (Appeals) ) and
& The Central Sales Tax Act, 1956 Tax made of Rs. Maharashtra Sales Tax Tribunal
1,21,53,037)
Rs. 90,496,267
Joint Commissioner
Maharashtra Value Added Tax Act, 2002 Sales
& The Central Sales Tax Act, 1956 Tax
449,403)
(viii) During the year, the Company has not taken any loans or borrowings from any financial institution, bank or government
nor has it issued any debentures. Accordingly, clause 3(viii) of the Order is not applicable to the Company.
(ix) The Company has not raised any moneys by way of initial public offer, further public offer (including debt instruments) or
term loans during the year. Accordingly, clause 3(ix) of the Order is not applicable to the Company.
(x) During the course of our examination of the books and records of the Company, carried out in accordance with the
generally accepted auditing practices in India, and according to the information and explanations given to us, we have neither
come across any instance of fraud by the Company or any fraud on the Company by its officers or employees, noticed or
reported during the year, nor have we been informed of any such instance by the management.
(xi) As the Company is a private limited company, the provisions of section 197 read with Schedule V to the Act are not
applicable to the Company. Accordingly, clause 3(xi) of the Order is not applicable to the Company.
(xii) In our opinion, the Company is not a Nidhi Company. Therefore, clause 3(xii) of the Order is not applicable to the
Company.
(xiii) All transactions entered into by the Company with the related parties are in compliance with section 188 of the Act and the
details have been disclosed in the financial statements as required by the applicable accounting standards.
(xiv) The Company has not made any preferential allotment or private placement of shares or fully or partly convertible
debentures during the year. Therefore, clause 3(xiv) of the Order is not applicable to the Company.
(xv) The Company has not entered into any non-cash transactions with directors or persons connected with them during the
year and hence provisions of section 192 of the Act are not applicable.
(xvi) The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934.
For Haribhakti & Co. LLP
ICAI Firm Registration No.103523W / W100048
____________________
Sumant Sakhardande
Partner
32
Membership No. 034828
UDIN:
Place : Mumbai
ANNEXURE 2 TO THE INDEPENDENT AUDITOR’S REPORT
[Referred to in paragraph 2(f)under ‘Report on Other Legal and Regulatory Requirements’ section in our Independent Auditor’s
Report of even date to the members ofVU Technologies Private Limited on the financial statements for the year ended March 31,
2021]
Report on the Internal Financial Controlswith reference to Financial Statementsunder clause (i) of sub-section 3 ofsection 143 of
the Companies Act, 2013 (“the Act”)
We have audited the internal financial controls with reference to financial statementsof VU Technologies Private Limited (“the
Company”) as of March 31, 2021 in conjunction with our audit of the financial statements of the Company for the year ended on
that date.
Management’s Responsibility for Internal Financial Controls
The Company’s management is responsible for establishing and maintaining internal financial controls based on the internal
control with reference to financial statementscriteria established by the Company considering the essential components of
internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the “Guidance
Note”) issued by the Institute of Chartered Accountants of India (“ICAI”). These responsibilities include the design,
implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly
and efficient conduct of its business, including adherence to Company’s policies, the safeguarding of its assets, the prevention
and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of
reliable financial information, as required under the Act.
Auditors’ Responsibility
Our responsibility is to express an opinion on the Company's internal financial controls with reference to financial statements
based on our audit. We conducted our audit in accordance with the Guidance Note and the Standards on Auditing specified
under section 143(10) of the Actto the extent applicable to an audit of internal financial controls, both issued by the ICAI. Those
Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit toobtain
reasonable assurance about whether adequate internal financial controls with reference to financial statements was established
and maintained and if such controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls with
reference to financial statements and their operating effectiveness.
Our audit of internal financial controls with reference to financial statements included obtaining an understanding of internal
financial controls with reference to financial statements, assessing the risk that a material weakness exists, and testing and
evaluating the design and operating effectiveness of internal controls based on the assessed risk. The procedures selected
depend on the auditor’s judgement, including the assessment of the risks of material misstatement of thefinancial statements,
whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the
Company’s internal financial controls with reference to financial statements.
33
Meaning of Internal Financial Controls with reference to Financial Statements
A company's internal financial control with reference to financial statements is a process designed to
providereasonableassurance regarding the reliability of financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles. A company's internal financial control with reference to
financial statements includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable
detail, accurately and fairly reflect the transactions and dispositions of the assets of the company;(2)provide reasonable
assurance that transactions are recorded as necessary to permit preparationoffinancial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with
authorisations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or
timely detection of unauthorised acquisition, use, or disposition of the company's assets that could have a material effect on
thefinancial statements.
Inherent Limitations of Internal Financial Controls with reference to Financial Statements
Because of the inherent limitations of internal financial controls with reference to financial statements, including the possibility of
collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be
detected. Also, projections of any evaluation of the internal financial controls with reference to financial statementsto future
periods are subject to the risk that the internal financial controlswith reference to financial statementsmay become inadequate
because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
Opinion
In our opinion, the Company has, in all material respects, adequate internal financialcontrols with reference to financial
statementsand such internal financial controls with reference to financial statementswere operating effectively as at March 31,
2021, based on the internal control with reference to financial statements criteria established by the Company considering the
essential components of internal controls stated in the Guidance Note issued by the ICAI.
For Haribhakti & Co. LLP
ICAI Firm Registration No.103523W / W100048
______________________
Sumant Sakhardande
Partner
Membership No.034828
UDIN:
Place: Mumbai
34
[400500] Disclosures - Secretarial audit report

01/04/2020
to
31/03/2021
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
[100100] Balance sheet

31/03/2021 31/03/2020 31/03/2019
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 9,80,00,000 9,80,00,000 9,80,00,000
Reserves and surplus 149,01,84,666 105,78,00,726
Total shareholders' funds 158,81,84,666 115,58,00,726
Share application money pending allotment 0 0
Non-current liabilities [Abstract]
Long-term borrowings 0 0
Other long-term liabilities 81,09,449 99,45,053
Long-term provisions 74,35,784 56,27,898
Total non-current liabilities 1,55,45,233 1,55,72,951
Current liabilities [Abstract]
Short-term borrowings 0 0
Trade payables 58,41,98,313 54,73,20,353
Other current liabilities 6,92,20,740 20,36,96,211
Short-term provisions 6,78,37,350 4,74,44,881
Total current liabilities 72,12,56,403 79,84,61,445
Total equity and liabilities 232,49,86,302 196,98,35,122
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 1,55,55,816 1,09,52,852 1,09,52,852
Intangible assets 30,16,670 34,50,866 34,50,866
Tangible assets capital work-in-progress 21,41,51,858 20,73,61,780
Total fixed assets 23,27,24,344 22,17,65,498
Non-current investments 0 0
Deferred tax assets (net) 38,84,835 32,18,461
Long-term loans and advances 28,99,15,879 20,41,99,454
Other non-current assets 1,62,51,677 53,42,185
Total non-current assets 54,27,76,735 43,45,25,598
Current assets [Abstract]
Current investments 0 0
Inventories 84,47,00,366 47,94,73,257
Trade receivables 47,92,26,666 6,37,64,160
Cash and bank balances 27,42,46,271 79,01,97,733
Short-term loans and advances 18,31,65,483 19,73,05,643
Other current assets 8,70,781 45,68,731
Total current assets 178,22,09,567 153,53,09,524
Total assets 232,49,86,302 196,98,35,122
35
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] Column 1 Column 2
01/04/2020 01/04/2020
to to
31/03/2021 31/03/2021
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director DEVITA HARISHKUMAR
Middle name of director RAJKUMAR BHAGVANJI
Last name of director SARAF DESAI
Designation of director Director Director
Director identification number of director 00350496 00350792
Date of signing of financial statements by director 25/09/2021 25/09/2021
36
[100400] Cash flow statement, indirect

01/04/2020 01/04/2019
to to 31/03/2019
31/03/2021 31/03/2020
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax 58,49,78,110 13,03,42,951
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for depreciation and amortisation expense 57,06,606 40,59,981
Adjustments for unrealised foreign exchange losses gains 53,70,164 76,55,199
Total adjustments to profit (loss) 1,10,76,770 1,17,15,180
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories -36,52,27,109 1,23,95,664
Adjustments for decrease (increase) in trade receivables -58,61,87,681 36,95,69,617
Adjustments for decrease (increase) in other current assets -1,11,54,246 -42,13,138
Adjustments for increase (decrease) in trade payables -11,80,16,082 42,20,25,637
Adjustments for increase (decrease) in other current liabilities -13,93,33,009 12,33,28,053
Total adjustments for working capital -121,99,18,127 92,31,05,833
Total adjustments for reconcile profit (loss) -120,88,41,357 93,48,21,013
Net cash flows from (used in) operations -62,38,63,247 106,51,63,964
Interest paid -3,74,00,398 -7,65,97,622
Interest received -2,79,31,243 -2,73,61,692
Income taxes paid (refund) 1,00,38,030 4,80,14,084
Other inflows (outflows) of cash 19,12,07,416 28,00,428
Net cash flows from (used in) operating activities before extraordinary
-43,32,24,706 106,91,86,238
items
Net cash flows from (used in) operating activities -43,32,24,706 106,91,86,238
Cash flows from used in investing activities [Abstract]
Purchase of tangible assets 1,67,09,056 21,26,25,714
Cash advances and loans made to other parties 77,69,118 7,62,500
Interest received 2,89,07,062 2,31,05,199
Other inflows (outflows) of cash -5,00,00,000 0
Net cash flows from (used in) investing activities before extraordinary
-4,55,71,112 -19,02,83,015
items
Net cash flows from (used in) investing activities -4,55,71,112 -19,02,83,015
Cash flows from used in financing activities [Abstract]
Repayments of borrowings 0 22,10,76,830
Interest paid 3,74,00,398 7,88,80,854
Net cash flows from (used in) financing activities before extraordinary
-3,74,00,398 -29,99,57,684
items
Net cash flows from (used in) financing activities -3,74,00,398 -29,99,57,684
Net increase (decrease) in cash and cash equivalents before effect of
-51,61,96,216 57,89,45,539
exchange rate changes
Net increase (decrease) in cash and cash equivalents -51,61,96,216 57,89,45,539
Cash and cash equivalents cash flow statement at end of period 27,34,60,595 78,96,56,811 21,07,11,272
37
[200100] Notes - Share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member]
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [LineItems]
Type of share Equity Shares Equity Shares
Name of shareholder Devita Saraf Devita Saraf
PAN of shareholder AAFPS8848D AAFPS8848D
Country of incorporation or residence of shareholder INDIA INDIA
Number of shares held in company [shares] 97,95,000 [shares] 97,95,000
Percentage of shareholding in company 99.95% 99.95%
38
Disclosure of classes of share capital [Table] ..(1)

Equity shares
Classes of share capital [Axis] Share capital [Member]
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 98,00,000 [shares] 98,00,000 [shares] 98,00,000
Value of shares authorised 9,80,00,000 9,80,00,000 9,80,00,000
Number of shares issued [shares] 98,00,000 [shares] 98,00,000 [shares] 98,00,000
Value of shares issued 9,80,00,000 9,80,00,000 9,80,00,000
Number of shares subscribed and fully paid [shares] 98,00,000 [shares] 98,00,000 [shares] 98,00,000
Value of shares subscribed and fully paid 9,80,00,000 9,80,00,000 9,80,00,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 98,00,000 [shares] 98,00,000 [shares] 98,00,000
Total value of shares subscribed 9,80,00,000 9,80,00,000 9,80,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 98,00,000 [shares] 98,00,000 [shares] 98,00,000
Value of shares called 9,80,00,000 9,80,00,000 9,80,00,000
Value of shares paid-up 9,80,00,000 9,80,00,000 9,80,00,000
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
[shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
period
Number of shares issued as other
preferential allotment
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
stock option plan
Number of other issue of shares
arising out of conversion of [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
during period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 98,00,000 [shares] 98,00,000 [shares] 98,00,000 [shares] 98,00,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
39
Amount of rights issue during period 0 0 0

Amount of private placement issue
arising out of conversion of debentures 0 0 0
preference shares during period
Amount of other private placement issue
0 0 0
during period
Amount of preferential allotment issue
Amount of other preferential allotment
0 0 0
issue during period
Amount of issue allotted for
contracts without payment 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0
amalgamation during period
Amount of other issues during period 0 0 0
Amount of employee stock option plan
0 0 0
issued during period
Amount of other issue arising out of
conversion of securities during 0 0 0
period
Total aggregate amount of increase in
0 0 0
share capital during period
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 9,80,00,000 9,80,00,000 9,80,00,000 9,80,00,000
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for 0 0 0
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
40

Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
Type of share Equity Shares Equity Shares
Number of shares authorised [shares] 98,00,000 [shares] 98,00,000 [shares] 98,00,000
Value of shares authorised 9,80,00,000 9,80,00,000 9,80,00,000
Number of shares issued [shares] 98,00,000 [shares] 98,00,000 [shares] 98,00,000
Value of shares issued 9,80,00,000 9,80,00,000 9,80,00,000
Number of shares subscribed and fully paid [shares] 98,00,000 [shares] 98,00,000 [shares] 98,00,000
Value of shares subscribed and fully paid 9,80,00,000 9,80,00,000 9,80,00,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 98,00,000 [shares] 98,00,000 [shares] 98,00,000
Total value of shares subscribed 9,80,00,000 9,80,00,000 9,80,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 98,00,000 [shares] 98,00,000 [shares] 98,00,000
Value of shares called 9,80,00,000 9,80,00,000 9,80,00,000
Value of shares paid-up 9,80,00,000 9,80,00,000 9,80,00,000
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0 [INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
period
Number of shares issued as other
preferential allotment
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
stock option plan
Number of other issue of shares
arising out of conversion of [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
during period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 98,00,000 [shares] 98,00,000 [shares] 98,00,000 [shares] 98,00,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
41
Increase in share capital during period

[Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of rights issue during period 0 0 0
Amount of private placement issue
Amount of other private placement issue
0 0 0
during period
Amount of preferential allotment issue
Amount of other preferential allotment
0 0 0
issue during period
Amount of issue allotted for
contracts without payment 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0
amalgamation during period
Amount of other issues during period 0 0 0
Amount of employee stock option plan
0 0 0
issued during period
Amount of other issue arising out of
conversion of securities during 0 0 0
period
Total aggregate amount of increase in
0 0 0
share capital during period
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 9,80,00,000 9,80,00,000 9,80,00,000 9,80,00,000
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon

Equity shares 1
Classes of share capital [Axis]
[Member]
31/03/2019
Reconciliation of number of shares outstanding [Abstract]
Number of shares outstanding at end of period [shares] 98,00,000
Reconciliation of value of shares outstanding [Abstract]
Share capital at end of period 9,80,00,000

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Whether money raised from public offering during year No No
42
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Components of reserves [Axis] Reserves [Member] Surplus [Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 43,23,83,940 10,16,14,788 10,16,14,788 43,23,83,940
Total additions to reserves 43,23,83,940 10,16,14,788 10,16,14,788 43,23,83,940
Total changes in reserves 43,23,83,940 10,16,14,788 43,23,83,940
Reserves at end of period 149,01,84,666 105,78,00,726 105,78,00,726 149,01,84,666
Statement of changes in reserves [Table] ..(2)

Components of reserves [Axis] Surplus [Member]
01/04/2019
to 31/03/2019
31/03/2020
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 10,16,14,788 10,16,14,788
Total additions to reserves 10,16,14,788 10,16,14,788
Total changes in reserves 10,16,14,788
Reserves at end of period 105,78,00,726 105,78,00,726
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Loans repayable on
Borrowings Loans repayable on
Classification of borrowings [Axis] demand from
[Member] demand [Member]
others [Member]
Unsecured Unsecured Unsecured
Subclassification of borrowings [Axis] borrowings borrowings borrowings
[Member] [Member] [Member]
31/03/2020 31/03/2020 31/03/2020
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 0 0 0
Details on loans guaranteed [Abstract]
Aggregate amount of loans guaranteed by directors 0 0 0
Aggregate amount of loans guaranteed by others 0 0 0
43
[201000] Notes - Tangible assets
Disclosure of tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 83,79,078 28,81,661 28,81,661 83,79,078 28,81,661 28,81,661
assets
Acquisitions through
business combinations 0 0 0 0 0 0
tangible assets
Depreciation tangible assets -37,08,410 -24,36,083 -24,36,083
Impairment loss
recognised in profit or 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0
tangible assets
Revaluation increase
0 0 0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
0 0 0 0 0 0
through demergers
Disposals tangible assets,
67,704 3,47,257 3,47,257 96,427 16,27,510 16,27,510
others
Total disposals tangible
67,704 3,47,257 3,47,257 96,427 16,27,510 16,27,510
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0 0 0
tangible assets
0 0 0 0 0 0
assets, others
Total other adjustments
0 0 0 0 0 0
tangible assets
Total changes in tangible
46,02,964 98,321 98,321 82,82,651 12,54,151 12,54,151
assets
Tangible assets at end of period 1,55,55,816 1,09,52,852 1,09,52,852 3,48,28,195 2,65,45,544 2,65,45,544
44

Sub classes of tangible assets [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 83,79,078 28,81,661 28,81,661
assets
business combinations 0 0 0
tangible assets
Depreciation tangible assets 37,08,410 24,36,083 24,36,083 -37,08,410 -24,36,083 -24,36,083
Impairment loss
recognised in profit or 0 0 0 0 0 0
recognised in profit or loss 0 0 0 0 0 0
tangible assets
0 0 0
[Abstract]
0 0 0 0 0 0
through demergers
28,723 12,80,253 12,80,253 67,704 3,47,257 3,47,257
others
28,723 12,80,253 12,80,253 67,704 3,47,257 3,47,257
assets
assets [Abstract]
net exchange differences 0 0 0
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
36,79,687 11,55,830 11,55,830 46,02,964 98,321 98,321
assets
45

Sub classes of tangible assets [Axis] Owned assets [Member]
Gross carrying amount [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 37,08,410 24,36,083 24,36,083
Impairment loss
tangible assets
0 0 0
[Abstract]
0 0 0 0 0 0
through demergers
96,427 16,27,510 16,27,510 28,723 12,80,253 12,80,253
others
96,427 16,27,510 16,27,510 28,723 12,80,253 12,80,253
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
82,82,651 12,54,151 12,54,151 36,79,687 11,55,830 11,55,830
assets
46

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets -92,142 -63,936 -63,936
Impairment loss
tangible assets
0 0 0 0 0 0
[Abstract]
0 0 0 0 0 0
through demergers
0 3,47,257 3,47,257 0 16,27,510 16,27,510
others
0 3,47,257 3,47,257 0 16,27,510 16,27,510
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
3,05,732 -66,019 -66,019 3,97,874 -12,82,336 -12,82,336
assets
Tangible assets at end of period 12,56,142 9,50,410 9,50,410 48,31,911 44,34,037 44,34,037
47

Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 0 0 0
assets
tangible assets
Depreciation tangible assets 92,142 63,936 63,936 -8,74,823 -8,72,518 -8,72,518
Impairment loss
tangible assets
0 0 0
[Abstract]
0 0 0 0 0 0
through demergers
0 12,80,253 12,80,253 0 0 0
others
0 12,80,253 12,80,253 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
92,142 -12,16,317 -12,16,317 -8,74,823 -8,72,518 -8,72,518
assets
48

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 0 0 0
assets
tangible assets
Impairment loss
tangible assets
0 0 0
[Abstract]
0 0 0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
0 0 0 8,74,823 8,72,518 8,72,518
assets
49

Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 0 0 0 0 0 0
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0 0 0
[Abstract]
0 0 0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
-8,74,823 -8,72,518 -8,72,518 0 0 0
assets
50

Classes of tangible assets [Axis] Motor vehicles [Member] Office equipment [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 8,74,823 8,72,518 8,72,518 -11,83,179 -7,47,473 -7,47,473
Impairment loss
tangible assets
0 0 0
[Abstract]
0 0 0 0 0 0
through demergers
0 0 0 67,704 0 0
others
0 0 0 67,704 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
8,74,823 8,72,518 8,72,518 12,59,678 5,94,462 5,94,462
assets
51

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0
[Abstract]
0 0 0 0 0 0
through demergers
96,427 0 0 28,723 0 0
others
96,427 0 0 28,723 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
24,14,134 13,41,935 13,41,935 11,54,456 7,47,473 7,47,473
assets
52

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0 0 0
[Abstract]
0 0 0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
2,28,926 4,42,396 4,42,396 14,72,710 11,94,552 11,94,552
assets
53

Classes of tangible assets [Axis] Computer equipments [Member] Leasehold improvements [Member]
Gross carrying
Carrying amount [Member] amount
[Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2020
to to 31/03/2019 to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021 31/03/2021
[LineItems]
[Abstract]
business combinations tangible 39,97,933 0 39,97,933
assets
tangible assets
Depreciation tangible assets 12,43,784 7,52,156 7,52,156 -3,14,482 0
Impairment loss
recognised in profit or 0 0 0 0 0
recognised in profit or loss 0 0 0 0 0
tangible assets
0 0 0
[Abstract]
0 0 0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
12,43,784 7,52,156 7,52,156 36,83,451 0 39,97,933
assets
Tangible assets at end of period 66,76,454 54,32,670 54,32,670 36,83,451 0 39,97,933
54

Classes of tangible assets [Axis] Leasehold improvements [Member]
Gross carrying Accumulated depreciation and
Carrying amount accumulated depreciation and gross carrying amount [Axis]
amount [Member] impairment [Member]
01/04/2020
31/03/2019 to 31/03/2019
31/03/2021
Disclosure of tangible assets [LineItems]
Reconciliation of changes in tangible assets [Abstract]
Changes in tangible assets [Abstract]
Additions other than through business combinations tangible
0
assets
Acquisitions through business combinations tangible assets 0
Depreciation tangible assets 3,14,482 0
Impairment loss recognised in profit or loss tangible assets 0 0
Reversal of impairment loss recognised in profit or loss
0 0
tangible assets
Revaluation increase (decrease) tangible assets 0
Disposals tangible assets [Abstract]
Disposals tangible assets through demergers 0 0 0
Disposals tangible assets, others 0 0 0
Total disposals tangible assets 0 0 0
Other adjustments tangible assets [Abstract]
Increase (decrease) through net exchange differences
0
tangible assets
Other adjustments tangible assets, others 0 0 0
Total other adjustments tangible assets 0 0 0
Total changes in tangible assets 0 3,14,482 0
Tangible assets at end of period 0 3,14,482 0
Disclosure of additional information tangible assets [Table] ..(1)

Company total tangible assets Furniture and fixtures
Classes of tangible assets [Axis] Plant and equipment [Member]
[Member] [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member] Owned assets [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of additional information
Disclosure of additional information
tangible assets [LineItems]
Straight Line Straight Line Straight Line Straight Line Straight Line Straight Line
Depreciation method tangible assets Method Method Method Method Method Method
In the manner as In the manner as In the manner as In the manner as In the manner as In the manner
specified in specified in specified in specified in specified in as specified in
Useful lives or depreciation rates
Schedule II to the Schedule II to the Schedule II to the Schedule II to the Schedule II to the Schedule II to
tangible assets Companies Act, Companies Act, Companies Act, Companies Act, Companies Act, the Companies
2013 2013 2013 2013 2013 Act, 2013
55
Disclosure of additional information tangible assets [Table] ..(2)

Classes of tangible assets [Axis] Vehicles [Member] Computer equipments [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of additional information tangible assets
[Abstract]
Disclosure of additional information tangible assets
[LineItems]
Straight Line Straight Line
Depreciation method tangible assets Method
Straight Line Method
Method
Straight Line Method
In the manner as In the manner as
In the manner as In the manner as
specified in specified in
specified in Schedule specified in Schedule
Useful lives or depreciation rates tangible assets Schedule II to the
II to the Companies
Schedule II to the
II to the Companies
Companies Act, Companies Act,
Act, 2013 Act, 2013
2013 2013
[201100] Notes - Intangible assets
Disclosure of additional information intangible assets [Table] ..(1)

Company total intangible assets
Classes of intangible assets [Axis] Computer software [Member]
[Member]
Internally generated intangible assets Internally generated intangible assets
Sub classes of intangible assets [Axis]
[Member] [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of additional information intangible assets
[Abstract]
Disclosure of additional information intangible
assets [LineItems]
Useful lives or amortization rates intangible
NA NA NA NA
assets
Return Down Return Down
Description of amortization method used Method
Return Down Method
Method
Return Down Method
56
Disclosure of intangible assets [Table] ..(1)

Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
15,64,000 23,82,274 23,82,274 15,64,000 23,82,274 23,82,274
development
intangible assets
intangible assets
Total additions to
15,64,000 23,82,274 23,82,274 15,64,000 23,82,274 23,82,274
intangible assets
Amortization intangible assets -19,98,196 -16,23,898 -16,23,898
Impairment loss
loss intangible assets
intangible assets
0 0 0 0 0 0
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0 0 0 0 0
assets through demergers
0 0 0 0 0 0
assets, others
Total disposals intangible
0 0 0 0 0 0
assets
Retirements of intangible
0 0 0 0 0 0
assets
Other adjustments intangible
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0 0 0
intangible assets, others
0 0 0 0 0 0
intangible assets
Total changes in intangible
-4,34,196 7,58,376 7,58,376 15,64,000 23,82,274 23,82,274
assets
Intangible assets at end of period 30,16,670 34,50,866 34,50,866 77,41,299 61,77,299 61,77,299
57

Internally generated and other than internally
Sub classes of intangible assets [Axis] Internally generated intangible assets [Member]
generated intangible assets [Member]
Carrying amount accumulated amortization and Accumulated amortization and impairment
impairment and gross carrying amount [Axis] [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
[Abstract]
15,64,000 23,82,274 23,82,274
development
intangible assets
intangible assets
Total additions to
15,64,000 23,82,274 23,82,274
intangible assets
Amortization intangible assets 19,98,196 16,23,898 16,23,898 -19,98,196 -16,23,898 -16,23,898
Impairment loss
intangible assets
0 0 0
[Abstract]
0 0 0 0 0 0
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
0 0 0 0 0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
19,98,196 16,23,898 16,23,898 -4,34,196 7,58,376 7,58,376
assets
58

Carrying amount accumulated amortization and Accumulated amortization and impairment
impairment and gross carrying amount [Axis] [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
[Abstract]
15,64,000 23,82,274 23,82,274
development
intangible assets
intangible assets
Total additions to
15,64,000 23,82,274 23,82,274
intangible assets
Amortization intangible assets 19,98,196 16,23,898 16,23,898
Impairment loss
intangible assets
0 0 0
[Abstract]
0 0 0 0 0 0
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
0 0 0 0 0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
15,64,000 23,82,274 23,82,274 19,98,196 16,23,898 16,23,898
assets
59

Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
[Abstract]
15,64,000 23,82,274 23,82,274 15,64,000 23,82,274 23,82,274
development
intangible assets
intangible assets
Total additions to
15,64,000 23,82,274 23,82,274 15,64,000 23,82,274 23,82,274
intangible assets
Amortization intangible assets -19,98,196 -16,23,898 -16,23,898
Impairment loss
intangible assets
0 0 0 0 0 0
[Abstract]
0 0 0 0 0 0
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
0 0 0 0 0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
-4,34,196 7,58,376 7,58,376 15,64,000 23,82,274 23,82,274
assets
60

Carrying amount accumulated amortization and impairment and gross carrying amount
Accumulated amortization and impairment [Member]
[Axis]
01/04/2020 01/04/2019
to to 31/03/2019
31/03/2021 31/03/2020
Disclosure of intangible assets [LineItems]
Reconciliation of changes in intangible assets [Abstract]
Changes in intangible assets [Abstract]
Amortization intangible assets 19,98,196 16,23,898 16,23,898
Impairment loss recognised in profit or loss intangible assets 0 0 0
Reversal of impairment loss recognised in profit or loss
0 0 0
intangible assets
Disposals intangible assets [Abstract]
Disposals intangible assets through demergers 0 0 0
Disposals intangible assets, others 0 0 0
Total disposals intangible assets 0 0 0
Retirements of intangible assets 0 0 0
Other adjustments intangible assets [Abstract]
Other adjustments intangible assets, others 0 0 0
Total other adjustments intangible assets 0 0 0
Total changes in intangible assets 19,98,196 16,23,898 16,23,898
Intangible assets at end of period 47,24,629 27,26,433 27,26,433
61
[200600] Notes - Subclassification and notes on liabilities and assets
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Subclassification and notes on liabilities and assets
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 47,92,26,666 6,37,64,160 47,92,26,666 6,37,64,160
Allowance for bad and doubtful debts 0 0 0 0
Total trade receivables 47,92,26,666 6,37,64,160 47,92,26,666 6,37,64,160
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0 0
Total trade receivables due by
directors, other officers or 0 0
others
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Trade receivables due by firms in
0 0
which any director is partner
Trade receivables due by private
companies in which any director 0 0
is director
Trade receivables due by private
companies in which any director 0 0
is member
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
62
Disclosure of breakup of provisions [Table] ..(1)

Long-term
Classification based on time period [Axis] Classification based on time period [Member]
[Member]
31/03/2021 31/03/2020 31/03/2019 31/03/2021
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 81,74,188 61,66,879 74,35,784
Provision leave encashment 24,75,613 23,82,227
Total provisions for employee benefits 1,06,49,801 85,49,106 74,35,784
Provision for corporate tax [Abstract]
Provision for current tax 3,44,86,571 0
Total provision for corporate tax 3,44,86,571 0 0
CSR expenditure provision 36,29,728 0
Other provisions 2,65,07,034 4,45,23,673 6,26,85,809
Total provisions 7,52,73,134 5,30,72,779 74,35,784
Disclosure of breakup of provisions [Table] ..(2)

Long-term
Classification based on time period [Axis] Short-term [Member]
[Member]
31/03/2020 31/03/2021 31/03/2020
Subclassification and notes on liabilities and assets [Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision gratuity 56,27,898 7,38,404 5,38,981
Provision leave encashment 24,75,613 23,82,227
Total provisions for employee benefits 56,27,898 32,14,017 29,21,208
Provision for corporate tax [Abstract]
Provision for current tax 3,44,86,571 0
Total provision for corporate tax 3,44,86,571 0
CSR expenditure provision 0 36,29,728 0
Other provisions 2,65,07,034 4,45,23,673
Total provisions 56,27,898 6,78,37,350 4,74,44,881
63
Loans and advances [Table] ..(1)

Classification of loans and advances [Axis] Loans and advances [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Doubtful [Member]
31/03/2021 31/03/2020 31/03/2019 31/03/2020
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 28,99,15,879 20,41,99,454 20,41,99,454 0
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 28,99,15,879 20,41,99,454 20,41,99,454 0
Details of loans and advances due by
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Loans and advances due by others 0 0 0 0
Total loans and advances due by
0 0 0 0
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
0 0 0 0
Loans and advances due by private
companies in which any director is 0 0 0 0
director
member
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director
64

Security deposits
Classification of loans and advances [Axis] Capital advances [Member]
[Member]
Unsecured
Classification of assets based on security [Axis] Unsecured considered good [Member] considered good
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
[Abstract]
Loans and advances, gross 85,31,618 7,62,500 7,62,500 21,04,17,854
0 0 0 0
advances
Loans and advances 85,31,618 7,62,500 7,62,500 21,04,17,854
Nature of other loans and advances Long Term Long Term Long Term Long Term
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
65

Loans and
Classification of loans and advances [Axis] Security deposits [Member] advances to related
parties [Member]
Unsecured
Classification of assets based on security [Axis] Unsecured considered good [Member] Doubtful [Member] considered good
[Member]
01/04/2019 01/04/2019
to 31/03/2019 to 31/03/2021
31/03/2020 31/03/2020
[Abstract]
Loans and advances, gross 7,11,79,211 7,11,79,211 0 5,00,00,000
0 0 0 0
advances
Loans and advances 7,11,79,211 7,11,79,211 0 5,00,00,000
Nature of other loans and advances Long Term Long Term Long Term
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
66

Loans and
Loans advances given other related Other loans and
Classification of loans and advances [Axis] advances to related
parties [Member] advances [Member]
parties [Member]
Unsecured Unsecured
Classification of assets based on security [Axis] considered good Unsecured considered good [Member] considered good
[Member] [Member]
01/04/2020
31/03/2019 to 31/03/2019 31/03/2021
31/03/2021
[Abstract]
Loans and advances, gross 0 5,00,00,000 0 2,09,66,407
0 0 0 0
advances
Loans and advances 0 5,00,00,000 0 2,09,66,407
Nature of other loans and advances Long Term Long Term
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
67

Classification of loans and advances [Axis] Other loans and advances [Member] Advance tax [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
01/04/2020 01/04/2019
31/03/2020 31/03/2019 to to
31/03/2021 31/03/2020
[Abstract]
Loans and advances, gross 13,22,57,743 13,22,57,743 2,09,66,407 13,22,57,743
0 0 0 0
advances
Loans and advances 13,22,57,743 13,22,57,743 2,09,66,407 13,22,57,743
Nature of other loans and advances Long Term Long Term
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
68

Advance tax
Classification of loans and advances [Axis] Advance income tax paid [Member]
[Member]
Unsecured
Classification of assets based on security [Axis] considered good Unsecured considered good [Member]
[Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
[Abstract]
0 0 0 0
advances
Nature of other loans and advances Long Term Long Term Long Term Long Term
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
69

Loans advances
Classification of loans and advances [Axis] Loans and advances [Member] given suppliers
[Member]
Unsecured
[Member]
01/04/2020
31/03/2021 31/03/2020 31/03/2019 to
31/03/2021
[Abstract]
0 0 0 0
advances
Nature of other loans and advances Short Term
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
70

Loans advances given suppliers Loans advances given employees
Classification of loans and advances [Axis]
[Member] [Member]
01/04/2020
31/03/2020 31/03/2019 to 31/03/2020
31/03/2021
[Abstract]
Loans and advances, gross 4,01,30,288 4,01,30,288 2,23,768 2,93,773
0 0 0 0
advances
Loans and advances 4,01,30,288 4,01,30,288 2,23,768 2,93,773
Nature of other loans and advances Short Term Short Term
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
71

Loans advances
Classification of loans and advances [Axis] given employees Other loans and advances [Member]
[Member]
Unsecured
Classification of assets based on security [Axis] considered good Unsecured considered good [Member]
[Member]
31/03/2019 31/03/2021 31/03/2020 31/03/2019
[Abstract]
Loans and advances, gross 2,93,773 12,70,53,004 15,68,81,582 15,68,81,582
0 0 0 0
advances
Loans and advances 2,93,773 12,70,53,004 15,68,81,582 15,68,81,582
Nature of other loans and advances Short Term
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
72

Advance tax
Classification of loans and advances [Axis] Prepaid expenses [Member]
[Member]
Unsecured
[Member]
01/04/2020 01/04/2020
to 31/03/2020 31/03/2019 to
31/03/2021 31/03/2021
[Abstract]
Loans and advances, gross 26,39,898 24,94,883 24,94,883 12,44,13,106
0 0 0 0
advances
Loans and advances 26,39,898 24,94,883 24,94,883 12,44,13,106
Nature of other loans and advances Short Term Short Term Short Term
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
73

Classification of loans and advances [Axis] Advance tax [Member] Advance sales tax/VAT paid [Member]
01/04/2020
31/03/2020 31/03/2019 to 31/03/2020
31/03/2021
[Abstract]
Loans and advances, gross 43,86,699 43,86,699 12,44,13,106 43,86,699
0 0 0 0
advances
Loans and advances 43,86,699 43,86,699 12,44,13,106 43,86,699
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
74

Advance sales
Tax deducted at
Classification of loans and advances [Axis] tax/VAT paid Intercorporate deposits [Member]
source [Member]
[Member]
Unsecured Unsecured
Classification of assets based on security [Axis] considered good considered good Unsecured considered good [Member]
[Member] [Member]
01/04/2020
31/03/2019 31/03/2020 to 31/03/2020
31/03/2021
[Abstract]
Loans and advances, gross 43,86,699 0 0 15,00,00,000
0 0 0 0
advances
Loans and advances 43,86,699 0 0 15,00,00,000
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
75

Other loans and
Intercorporate
Classification of loans and advances [Axis] advances, others
deposits [Member]
[Member]
Unsecured Unsecured
Classification of assets based on security [Axis] considered good considered good
[Member] [Member]
01/04/2019
31/03/2019 to
31/03/2020
Subclassification and notes on liabilities and assets [Abstract]
Loans and advances, gross 15,00,00,000 0
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 15,00,00,000 0
Nature of other loans and advances Short Term Long Term
Details of loans and advances due by directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0
Loans and advances due by other officers 0 0
Loans and advances due by others 0 0
Total loans and advances due by directors, other officers or others 0 0
Details of loans and advances due by firms or companies in which any
director is partner or director [Abstract]
Loans and advances due by firms in which any director is partner 0 0
Loans and advances due by private companies in which any director is
0 0
director
Loans and advances due by private companies in which any director is member 0 0
Total loans and advances due by firms or companies in which any director
0 0
is partner or director
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Stock-in-trade [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 84,47,00,366 47,94,73,257 84,47,00,366 47,94,73,257
Goods in transit 0 0 0 0
inventory are valued inventory are valued
inventory are valued inventory are valued
at cost or net at cost or net
at cost or net at cost or net
realizable value, realizable value,
realizable value, realizable value,
whichever is lower, whichever is lower,
whichever is lower, whichever is lower,
Mode of valuation after providing for
after providing for
after providing for
after providing for
obsolescence, if any, obsolescence, if any,
obsolescence, if any, obsolescence, if any,
and on a first-in, and on a first-in,
and on a first-in, and on a first-in,
first-out (FIFO) first-out (FIFO)
first-out (FIFO) basis first-out (FIFO) basis
basis basis
76

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0 0
Others long-term, others 81,09,449 99,45,053
Total others, long-term 81,09,449 99,45,053
Total other long-term liabilities 81,09,449 99,45,053
Nature of other provisions Short Term Short Term
Interest accrued but not due on borrowings 0 0
Interest accrued and due on borrowings 0 0
Interest accrued but not due on public deposits 0 0
Interest accrued and due on public deposits 0 0
Debentures claimed but not paid 0 0
Income received in advance 1,08,77,496 1,10,76,966
Unpaid dividends 0 0
Application money received for allotment of securities and
0 0
due for refund, principal
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Taxes payable other tax 52,84,876 1,82,48,311
Accrued expenses payable 2,63,79,322 2,54,45,219
Public deposit payable, current 0 0
Total other payables, current 3,16,64,198 4,36,93,530
Advance received from customers 1,85,04,659 11,97,33,654
Accrued salary payable 80,52,303 72,69,974
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others 1,22,084 2,19,22,087
Total other current liabilities 6,92,20,740 20,36,96,211
Other non-current assets, others 1,62,51,677 53,42,185
Total other non-current assets 1,62,51,677 53,42,185
Nature of other non-current assets, others Short Term Short Term
Aggregate amount of trade receivables outstanding for period
0 0
exceeding six months
Fixed deposits with banks 24,00,00,000 67,35,00,000
Other deposits with banks 7,85,676 5,40,922
Other balances with banks 3,28,93,244 11,54,51,989
Total balance with banks 27,36,78,920 78,94,92,911
Cash on hand 5,67,351 7,04,822
Total cash and cash equivalents 27,42,46,271 79,01,97,733
Total cash and bank balances 27,42,46,271 79,01,97,733
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than twelve months maturity 0 0
Interest receivable 8,70,781 45,68,731
Total other current assets 8,70,781 45,68,731
77
[200700] Notes - Additional disclosures on balance sheet

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of additional balance sheet notes explanatory [TextBlock]
Total contingent liabilities and commitments 0 0
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of accounting policies, change in accounting policies and Textual information (32) Textual information (33)
changes in estimates explanatory [TextBlock] [See below] [See below]
78
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
Note A - SIGNIFICANT ACCOUNTING POLICIES OF THE FINANCIAL STATEMENTS
Corporate Information
VU Technologies Private Limited (the ‘Company’) is a trading concern dealing in LED/LCD Televisions and other display products.
A) Basis of Preparation of Financial Statements
a) The Financial Statements are prepared under the historical cost convention on an accrual basis in accordance with the generally accepted
accounting principles in India (IGAAP), other pronouncement of Institute of Chartered Accountant of India and the provisions of the Companies
Act, 2013.
b) Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an
existing accounting standard requires changes in the accounting policy hitherto in use.
c) All the assets and liabilities have been classified as current or non-current as per Company`s normal operating cycle and other criteria set out
in Schedule III to the Companies Act, 2013. The Company has ascertained its operating cycle to be 12 months for the purpose of current –
non-current classification of assets & liabilities.
B) Accounting Standards
The Accounting Standards specified under Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014,
have been followed wherever applicable.
C) Use of Estimates
The preparation of financial statements in conformity with IGAAP requires management to make estimates and assumptions that affect the
reported balances of assets and liabilities and disclosure relating to contingent liabilities as at the date of the financial statements and reported
amounts of income and expenses during the period. Examples of such estimates include provisions for doubtful debt, future obligations under
employee retirement benefit plans, income taxes and the useful life of fixed assets and intangible assets. Although these estimates are based upon
management’s best knowledge of current events and actions, actual results could differ from these estimates. Difference between the actual results
and estimates are recognized in the period in which the results are known/materialized.
D) Property, Plant & Equipment (PPE) and Depreciation
a) PPE are stated at cost of acquisition or construction less accumulated depreciation and impairment loss, if any. All costs, including financing
costs till assets are ready for commercial usage are capitalized.
b) Depreciation on PPE is provided on the basis of useful lives of the assets on straight line basis and in the manner as specified in Schedule II
to the Companies Act, 2013. Individual assets costing each less than Rs. 5,000/- are depreciated fully in the year of acquisition .
c) PPE acquired under finance leases are recognized at lower of fair value of lease assets at the time of purchase/acquisition and the present
value of minimum lease payment. Lease payments are apportioned between the finance charge and the reduction of the outstanding liability.
E) Intangible Assets :
79
The intangible assets such as software are stated at cost less accumulated amortization and impairment losses if any. Cost comprises of the
acquisition price, and any cost directly attributable and allocable on a reasonable basis to making the asset ready for its intended use.
F) Impairment of Assets
The carrying amounts of assets are reviewed at each balance sheet date for any indication of impairment based on internal/external factors. An
asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. The recoverable amount is the greater of the asset’s net
selling price and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value at the weighted
average cost of capital. An impairment loss is charged to the Statement of Profit and Loss in the year in which an asset is identified as impaired.
The impairment loss recognized in prior accounting period is reversed if there has been a change in the estimate of recoverable amount.
G) Foreign Currency Transactions
a) Transactions denominated in Foreign Currencies are normally recorded at the exchange rate prevailing at the time of the transactions or that
exchange rate which approximates the actual rate at the date of the transaction.
b) Monetary items denominated in foreign currencies at the year-end are restated at year end rates. Non-monetary items which are carried in
terms of historical cost denominated in a foreign currency are reported using the exchange rate at the date of the transaction; and non-monetary
items which are carried at fair value or other similar valuation denominated in a foreign currency are reported using the exchange rates that
existed when the values were determined. In case of monetary items the difference between the year-end rate and rate on the date of the
transaction is recognized as exchange difference.
c) Gains and losses on Foreign Exchange Transactions are charged to the Statement of Profit and Loss.
H) Investments
Investments that are readily realizable and are intended to be held for not more than one year from the date, on which such investments are made,
are classified as current investments. All other investments are classified as non current investment. Non-current Investments are stated at cost.
Provision for diminution in the value of non-current investments is made only if such a decline is other than temporary. Current investments are
carried at the lower of cost and fair value.
I) Inventories
Items of inventory are valued at cost or net realizable value, whichever is lower, after providing for obsolescence, if any, and on a first-in,
first-out (FIFO) basis. Cost of inventories comprises of cost of purchase and other costs incurred in bringing them to their respective present
location and condition.
J) Revenue Recognition
Revenue is recognized only when it can be reliably measured and it is reasonable to expect ultimate collection. Revenue from sale of goods is
recognized when all significant contractual obligations have been satisfied, the property in the goods is transferred for a price, significant risks
and rewards of ownership are transferred to the customers and no effective ownership is retained. Sales are net of returns, discounts and rebates.
Sales are net of all the Taxes.
Dividend Income is recognized when the shareholders’ right to receive payment is established by the balance sheet date.
Interest income is recognized on time proportion basis taking into account the amount outstanding and rate applicable.
K) Employee Retirement Benefits
a) Short term employee benefits are recognized as an expense at the undiscounted amount in the Statement of Profit and Loss of the year in
which the related service is rendered. Retirement benefits in the form of Provident Fund/Family Pension Fund and Employee’s State Insurance
Scheme which are a defined contribution schemes and the contributions are charged to the Statement of Profit and Loss of the year when the
contributions to the respective funds are due. There are no other obligations other than the contribution payable to the respective funds .
80
(b) Gratuity liability is a defined benefit obligation and is provided for on the basis of an actuarial valuation on projected unit credit method made
at the end of each financial year. Actuarial gains/losses are immediately taken to Statement of Profit and Loss and are not deferred.
(c) Leave accrued to the credit of the employees is recognized as an expense at the undiscounted amount in the Statement of Profit and Loss for
the year in which the employee has rendered services.
L) Borrowing Costs
Borrowing costs attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets. A qualifying
asset is one that necessarily takes substantial period of time to get ready for its intended use. All other borrowing costs are charged to Statement of
Profit and Loss. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds.
M) Provision for Current and Deferred tax
Tax expense comprises of current and deferred tax. Current income tax is measured at the amount expected to be paid to the tax authorities in
accordance with the Income-tax Act, 1961 enacted in India.
Deferred taxes reflect the impact of current year timing differences between taxable income and accounting income for the year and reversal of
timing differences of earlier years. The Deferred tax is measured based on the tax rates and tax laws that are enacted or substantively enacted as
on the balance sheet date. Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets
against current tax liabilities and the deferred tax assets and deferred tax liabilities relate to the taxes on income levied by same governing
taxation laws. Deferred tax assets are recognised only to the extent that there is reasonable certainty that sufficient future taxable income will be
available against which such deferred tax assets can be realized. In situations where the Company has unabsorbed depreciation or carry forward
tax losses, all deferred tax assets are recognised only if there is virtual certainty supported by convincing evidence that they can be realized
against future taxable profits.
N) Earnings Per Share (EPS)
Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders (after deducting
preference dividends and attributable taxes) by the weighted average number of equity shares outstanding during the period. Partly paid equity
shares are treated as a fraction of an equity share to the extent that they were entitled to participate in dividends relative to a fully paid equity
share during the reporting period. The weighted average number of equity shares outstanding during the period is adjusted for events of bonus
issue; bonus element in a rights issue to existing shareholders; share split; and reverse share split (consolidation of shares).
For the purpose of calculating diluted EPS, the net profit or loss for the period attributable to the equity shareholders and the weighted average
number of shares outstanding during the period is adjusted for the effects of all dilutive potential equity shares.
O) Provisions, Contingent Liabilities and Contingent Assets
A provision is recognised when an enterprise has a present obligation as a result of past event; it is probable that an outflow of resources will be
required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to its present value and are
determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and
adjusted to reflect the current best estimates.
Contingent Liability is disclosed in case of a present obligation arising from a past event, where it is not probable that an outflow of resources will
be required to settle the obligation or where there is a possible obligation, unless the probability of outflow of resources is remote.
Contingent Assets are neither disclosed nor recognised.
P) Cash and Cash Equivalents
81
Cash and cash equivalents for the purpose of the Cash Flow Statement comprises cash on hand, cash in bank, fixed deposits and other short term
highly liquid investments with an original maturity of three months or less that are readily convertible into known amount of cash and which are
subject to an insignificant risk of change in value.
Q) Cash Flow Statement
Cash flows are reported using the indirect method as prescribed by Accounting Standard – 3 whereby cash flows from operating, investing and
financing activities of the Company are segregated and profit before tax is adjusted for the effects of transactions of non-cash nature and any
deferrals or accruals of past or future cash receipts or payments.
R) Lease
Where the Company is lessee:
Leases under which all the risks and benefits of ownership are effectively retained by the lessor are classified as operating leases. Amount due
under the operating leases are charged to the Statement of Profit and Loss, on a straight-line method over the lease term in accordance with
Accounting Standard 19 on ‘Leases’. Initial direct costs incurred specifically for operating leases are recognised as expense in the year in which
they are incurred.
S) Warranty
Provision for the estimated liability in respect of warranty on sale of display products is made in the year in which the revenues are recognised,
based on technical evaluation and past experience.
T) Contract manufacturing of Display Products
High Seas/Local Sales of the imported components to the contract manufacturers in India for manufacturing of Vu Display Products, not being in
the nature of sales of ultimate products dealt with by the Company for realisation of proceeds, are netted off with the Import Purchases in the
books of account.
82
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
Note A - SIGNIFICANT ACCOUNTING POLICIES OF THE FINANCIAL STATEMENTS
Corporate Information
VU Technologies Private Limited (the ‘Company’) is a trading concern dealing in LED/LCD Televisions and other display products.
A) Basis of Preparation of Financial Statements
a) The Financial Statements are prepared under the historical cost convention on an accrual basis in accordance with the generally accepted
accounting principles in India (IGAAP), other pronouncement of Institute of Chartered Accountant of India and the provisions of the Companies
Act, 2013.
b) Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an
existing accounting standard requires changes in the accounting policy hitherto in use.
c) All the assets and liabilities have been classified as current or non-current as per Company`s normal operating cycle and other criteria set out
in Schedule III to the Companies Act, 2013. The Company has ascertained its operating cycle to be 12 months for the purpose of current –
non-current classification of assets & liabilities.
B) Accounting Standards
The Accounting Standards specified under Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014,
have been followed wherever applicable.
C) Use of Estimates
The preparation of financial statements in conformity with IGAAP requires management to make estimates and assumptions that affect the
reported balances of assets and liabilities and disclosure relating to contingent liabilities as at the date of the financial statements and reported
amounts of income and expenses during the period. Examples of such estimates include provisions for doubtful debt, future obligations under
employee retirement benefit plans, income taxes and the useful life of fixed assets and intangible assets. Although these estimates are based upon
management’s best knowledge of current events and actions, actual results could differ from these estimates. Difference between the actual results
and estimates are recognized in the period in which the results are known/materialized.
D) Property, Plant & Equipment (PPE) and Depreciation
a) PPE are stated at cost of acquisition or construction less accumulated depreciation and impairment loss, if any. All costs, including financing
costs till assets are ready for commercial usage are capitalized.
b) Depreciation on PPE is provided on the basis of useful lives of the assets on straight line basis and in the manner as specified in Schedule II
to the Companies Act, 2013. Individual assets costing each less than Rs. 5,000/- are depreciated fully in the year of acquisition .
c) PPE acquired under finance leases are recognized at lower of fair value of lease assets at the time of purchase/acquisition and the present
value of minimum lease payment. Lease payments are apportioned between the finance charge and the reduction of the outstanding liability.
E) Intangible Assets :
83
The intangible assets such as software are stated at cost less accumulated amortization and impairment losses if any. Cost comprises of the
acquisition price, and any cost directly attributable and allocable on a reasonable basis to making the asset ready for its intended use.
F) Impairment of Assets
The carrying amounts of assets are reviewed at each balance sheet date for any indication of impairment based on internal/external factors. An
asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. The recoverable amount is the greater of the asset’s net
selling price and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value at the weighted
average cost of capital. An impairment loss is charged to the Statement of Profit and Loss in the year in which an asset is identified as impaired.
The impairment loss recognized in prior accounting period is reversed if there has been a change in the estimate of recoverable amount.
G) Foreign Currency Transactions
a) Transactions denominated in Foreign Currencies are normally recorded at the exchange rate prevailing at the time of the transactions or that
exchange rate which approximates the actual rate at the date of the transaction.
b) Monetary items denominated in foreign currencies at the year-end are restated at year end rates. Non-monetary items which are carried in
terms of historical cost denominated in a foreign currency are reported using the exchange rate at the date of the transaction; and non-monetary
items which are carried at fair value or other similar valuation denominated in a foreign currency are reported using the exchange rates that
existed when the values were determined. In case of monetary items the difference between the year-end rate and rate on the date of the
transaction is recognized as exchange difference.
c) Gains and losses on Foreign Exchange Transactions are charged to the Statement of Profit and Loss.
H) Investments
Investments that are readily realizable and are intended to be held for not more than one year from the date, on which such investments are made,
are classified as current investments. All other investments are classified as non current investment. Non-current Investments are stated at cost.
Provision for diminution in the value of non-current investments is made only if such a decline is other than temporary. Current investments are
carried at the lower of cost and fair value.
I) Inventories
Items of inventory are valued at cost or net realizable value, whichever is lower, after providing for obsolescence, if any, and on a first-in,
first-out (FIFO) basis. Cost of inventories comprises of cost of purchase and other costs incurred in bringing them to their respective present
location and condition.
J) Revenue Recognition
K) Employee Retirement Benefits
84
L) Borrowing Costs
Borrowing costs attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets. A qualifying
asset is one that necessarily takes substantial period of time to get ready for its intended use. All other borrowing costs are charged to Statement of
Profit and Loss. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds.
M) Provision for Current and Deferred tax
Tax expense comprises of current and deferred tax. Current income tax is measured at the amount expected to be paid to the tax authorities in
accordance with the Income-tax Act, 1961 enacted in India.
Deferred taxes reflect the impact of current year timing differences between taxable income and accounting income for the year and reversal of
timing differences of earlier years. The Deferred tax is measured based on the tax rates and tax laws that are enacted or substantively enacted as
on the balance sheet date. Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets
against current tax liabilities and the deferred tax assets and deferred tax liabilities relate to the taxes on income levied by same governing
taxation laws. Deferred tax assets are recognised only to the extent that there is reasonable certainty that sufficient future taxable income will be
available against which such deferred tax assets can be realized. In situations where the Company has unabsorbed depreciation or carry forward
tax losses, all deferred tax assets are recognised only if there is virtual certainty supported by convincing evidence that they can be realized
against future taxable profits.
N) Earnings Per Share (EPS)
Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders (after deducting
preference dividends and attributable taxes) by the weighted average number of equity shares outstanding during the period. Partly paid equity
shares are treated as a fraction of an equity share to the extent that they were entitled to participate in dividends relative to a fully paid equity
share during the reporting period. The weighted average number of equity shares outstanding during the period is adjusted for events of bonus
issue; bonus element in a rights issue to existing shareholders; share split; and reverse share split (consolidation of shares).
For the purpose of calculating diluted EPS, the net profit or loss for the period attributable to the equity shareholders and the weighted average
number of shares outstanding during the period is adjusted for the effects of all dilutive potential equity shares.
O) Provisions, Contingent Liabilities and Contingent Assets
A provision is recognised when an enterprise has a present obligation as a result of past event; it is probable that an outflow of resources will be
required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to its present value and are
determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and
adjusted to reflect the current best estimates.
Contingent Liability is disclosed in case of a present obligation arising from a past event, where it is not probable that an outflow of resources will
be required to settle the obligation or where there is a possible obligation, unless the probability of outflow of resources is remote.
Contingent Assets are neither disclosed nor recognised.
P) Cash and Cash Equivalents
85
Cash and cash equivalents for the purpose of the Cash Flow Statement comprises cash on hand, cash in bank, fixed deposits and other short term
highly liquid investments with an original maturity of three months or less that are readily convertible into known amount of cash and which are
subject to an insignificant risk of change in value.
Q) Cash Flow Statement
Cash flows are reported using the indirect method as prescribed by Accounting Standard – 3 whereby cash flows from operating, investing and
financing activities of the Company are segregated and profit before tax is adjusted for the effects of transactions of non-cash nature and any
deferrals or accruals of past or future cash receipts or payments.
R) Lease
Where the Company is lessee:
Leases under which all the risks and benefits of ownership are effectively retained by the lessor are classified as operating leases. Amount due
under the operating leases are charged to the Statement of Profit and Loss, on a straight-line method over the lease term in accordance with
Accounting Standard 19 on ‘Leases’. Initial direct costs incurred specifically for operating leases are recognised as expense in the year in which
they are incurred.
S) Warranty
Provision for the estimated liability in respect of warranty on sale of display products is made in the year in which the revenues are recognised,
based on technical evaluation and past experience.
[201700] Notes - Government grants

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of notes on government grants explanatory [TextBlock]
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
[201200] Notes - Employee benefits

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Textual information (34) Textual information (35)
Disclosure of employee benefits explanatory [TextBlock] [See below] [See below]
86
Disclosure of employee benefits explanatory [Text Block]

Employee Retirement Benefits
87
Disclosure of employee benefits explanatory [Text Block]

Employee Retirement Benefits
Provision for gratuity and accrued leave to the credit of

employees has been made in the accounts for the year ending
31st March, 2020. The provision for gratuity is based on
actuarial valuation as on 31.3.2020. In the computation of
gratuity liability, Projected Unit Credit Method is used.
Defined Benefit Plan
Gratuity Liability (Un-funded):
I) Reconciliation of opening and closing balances of Defined
Benefit Obligation
Particulars 2019-20 2018-19
Rs. Rs.
Defined Benefit obligation at beginning of the year

4,378,785 3,562,876
Current Service cost

1,347,328 1,115,264
Interest cost
339,356 276,123
Actuarial (Gain)/ Loss

101,410 (575,478)
Benefits paid
- -
Defined Benefit obligation at end of the year

6,166,879 4,378,785
Short
Term
Defined Benefit obligation at end of the year disclosed as:
Provision 538,981 413,605
(Note 8)
Long
Term
Provision 5,627,898 3,965,180
(Note 5)
6,166,879 4,378,785
II) Expenses recognised during the year
88

Rs. Rs.
Current service cost

1,347,328 1,115,264
Interest cost
339,356 276,123
Return on Plan Assets

- -
Net Cost
1,686,684 1,391,387
Actuarial (Gain)/ Loss

101,410 (575,478)
Expenses recognised in Statement of Profit and Loss

1,788,094 815,909
III) Experience adjustment

Particulars 2019-20 2018-19 2017-18 2016-17
Rs. Rs. Rs. Rs.
Present value of defined benefit obligation as at end of the year

6,166,879 4,378,785 3,562,876 2,458,243
Fair Value of Plan Assets

- - -
(Surplus)/Deficit
6,166,879 4,378,785 3,562,876 2,458,243
Experience adjustment on Plan Liability - (Gain)/Loss

101,410 (575,478) (236,982) 1,691,882
Experience adjustment on Plan Asset - (Gain)/Loss NIL NIL NIL NIL
IV) Actuarial Assumptions
a) Rate of Interest (per annum) 6.75% 7.75%
b) Salary Growth rate (per annum) 7.50% 7.50%
c) Withdrawal rate (at all ages) 1.00% 1.00%
IALM IALM
Mortality Mortality
d) Mortality Rates
Table Table
(2012-14) (2006-08)
e) Retirement Age 58 years 58 years
The estimate of increase in future salaries takes into account

inflation, seniority, promotion and other retirement factors, such
as supply and demand in the employment market.
V) The expected contributions for Defined Benefit Plan for the
next financial year - Not Applicable
Defined Contribution Plans
Contribution to Defined Contribution Plans recognised as
expense for the year is as under :
2019-20 2018-19
Particulars Rs. Rs.
Employer's contribution to Provident Fund

488,001 1,040,665
Employer's contribution to Pension Scheme

95,899 1,099,122
Employer's contribution to Employee State Insurance Fund

122,141 217,881
Employer's contribution to Employee Deposit Linked Insurance
Fund 5,549 65,851
Employer's contribution to Maharashtra Labour Welfare Fund

2,880 1,980
89
714,470 2,425,499
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] Column 1 Column 2 Column 3
01/04/2020 01/04/2020 01/04/2019 01/04/2020
to to to to
31/03/2021 31/03/2021 31/03/2020 31/03/2021
Disclosure of relationship and transactions
between
related parties [Abstract]
Disclosure of relationship and transactions
between
related parties [LineItems]
Z E A L ZENITH WORLD ZENITH WORLD Converged Data
Name of related party COMMUNICATIONS TECHNOLOGIES TECHNOLOGIES Technologies Pvt
PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED Ltd
Country of incorporation or residence of
UNITED
related INDIA INDIA INDIA
STATES
party
CIN of related party U74300MH2004PTC069776 U52335MH1987PTC049371 U52335MH1987PTC049371
Enterprises which
are owned, or
Enterprises which are Enterprises which are Enterprises which are
have significant
owned, or have significant owned, or have significant owned, or have significant
Description of nature of related party influence of or
influence of or are partners influence of or are partners influence of or are partners
relationship are partners with
with Key management with Key management with Key management
Key management
personnel and their relatives personnel and their relatives personnel and their relatives
personnel and
their relatives
Rental Agreement
Description of nature of transactions with Rental Agreement / Security Rental Agreement / Security / Security Deposit
related Advertisement Expenses Deposit (Rent) and interst Deposit (Rent) and interst (Rent) and interst
party paid on Loan taken paid on Loan taken paid on Loan
taken
Related party transactions [Abstract]
Purchases of goods related party transactions
0 12,60,179.99
Revenue from sale of goods related party

61,39,000 7,49,112
transactions
Services received related party transactions 0
Leases as lessor related party transactions 0 1,77,00,000 0
Advances given during year related party
6,22,56,913 0
transactions
Advances taken during year related party
1,52,00,000
transactions
Interest received during year related party
0
transactions
Reimbursement of expenses incurred on
behalf of company during year related 56,913 7,95,799
party transactions
Outstanding balances for related party
transactions [Abstract]
Amounts receivable related party
23,70,00,000 5,00,00,000
transactions
Amount written off during period in respect
0 0 0 0
of debts due from related parties
Amount written back during period in respect
0 0 0 0
of debts due to related parties
90

01/04/2019 01/04/2020 01/04/2019 01/04/2020
to to to to
31/03/2020 31/03/2021 31/03/2020 31/03/2021
Disclosure of relationship and transactions between
Converged Data
Name of related party Technologies Pvt Ms. Devita Saraf Ms. Devita Saraf Mr. R.K. Saraf
Ltd
Country of incorporation or residence of related
UNITED STATES INDIA INDIA INDIA
party
Permanent account number of related party AAFPS8848D AAFPS8848D AURPS4374C
Enterprises which
are owned, or have
significant influence
Relatives of Key
of or are partners Key Management Key Management
Description of nature of related party relationship with K e y Personnel Personnel
management
personnel
management
personnel and their
relatives
Remuneration
Rental Agreement / Remuneration
including
Description of nature of transactions with related Security Deposit including Commission Reimbursement of
Commission and
party (Rent) and interst and Reimbursement; Expenses incurred
Reimbursement;
paid on Loan taken Rent Expenses
Rent Expenses
Services received related party transactions 3,45,00,000 3,65,20,000
Leases as lessor related party transactions 1,50,00,000 6,60,000 6,60,000
15,00,00,000
transactions
Interest received during year related party
30,24,590
transactions
Reimbursement of expenses incurred on
behalf of company during year related 35,000 17,03,152
party transactions
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 95,55,996 95,55,996
Amounts payable related party transactions 5,06,230 2,23,78,203
0 0 0 0
0 0 0 0
91

01/04/2019 01/04/2020 01/04/2019 01/04/2020
to to to to
31/03/2020 31/03/2021 31/03/2020 31/03/2021
Vu Videoconferencing Pvt
Name of related party Mr. R.K. Saraf Mr. Akash Saraf Mr. Akash Saraf
Ltd
Country of incorporation or residence of related
INDIA INDIA INDIA INDIA
party
Permanent account number of related party AURPS4374C AAFPS8849C AAFPS8849C
CIN of related party U72900MH2020PTC342903
Enterprises which are
Relatives of Key Relatives of Key Relatives of Key owned, or have significant
Description of nature of related party relationship management management management influence of or are partners
personnel personnel personnel with Key management
personnel and their relatives
Description of nature of transactions with related Reimbursement of
Rent Paid Rent Paid Loan Given
party Expenses incurred
Purchases of goods related party transactions 10,55,108
Revenue from sale of goods related party
3,04,86,024
transactions
Leases as lessor related party transactions 2,76,000 2,76,000
5,00,00,000
transactions
Amounts receivable related party transactions 6,62,95,645
0 0 0 0
0 0 0 0

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of notes on related party explanatory [TextBlock]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company No No
[201400] Notes - Leases

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of leases explanatory [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa
92
[300300] Notes - Earnings per share

01/04/2020 01/04/2019 01/04/2018
to to to
31/03/2021 31/03/2020 31/03/2019
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period 43,23,83,940 10,16,14,788 10,16,14,788
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period 43,23,83,940 10,16,14,788 10,16,14,788
[202800] Notes - Subsidiary information

01/04/2020
to
31/03/2021
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No
[202400] Notes - Investments in associates

01/04/2020
to
31/03/2021
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2020
to
31/03/2021
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures No
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No
93
[202100] Notes - Other provisions, contingent liabilities and contingent assets
Disclosure of other provisions [Table] ..(1)

Warranty
Classes of other provisions [Axis] Company total other provisions [Member] provision
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
Disclosure of other provisions [Abstract]
Disclosure of other provisions [LineItems]
Reconciliation of changes in other provisions
[Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions 0 0 0
Provision used, other provisions 1,80,16,639 1,81,62,136 1,80,16,639
Total changes in other provisions -1,80,16,639 -1,81,62,136 -1,80,16,639
Other provisions at end of period 2,65,07,034 4,45,23,673 6,26,85,809 2,65,07,034
Description of nature of obligation other Provision for Warranty Provision for Warranty Provision for
provisions Cost Cost Warranty Cost
Disclosure of other provisions [Table] ..(2)

Classes of other provisions [Axis] Warranty provision [Member]
01/04/2019
to 31/03/2019
31/03/2020
Disclosure of other provisions [Abstract]
Disclosure of other provisions [LineItems]
Reconciliation of changes in other provisions [Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions 0
Provision used, other provisions 1,81,62,136
Total changes in other provisions -1,81,62,136
Other provisions at end of period 4,45,23,673 6,26,85,809
Description of nature of obligation other provisions Provision for Warranty Cost
[202700] Notes - Cash flow statements

01/04/2020 01/04/2019
to to 31/03/2019
31/03/2021 31/03/2020
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 27,34,60,595 78,96,56,811 21,07,11,272
Other differences to cash and cash equivalents in statement of cash
-7,85,676 -5,40,922
flows
Total cash and cash equivalents 27,42,46,271 79,01,97,733
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 1,00,38,030 4,80,14,084
Total income taxes paid (refund) 1,00,38,030 4,80,14,084
94
[100200] Statement of profit and loss

01/04/2020 01/04/2019 01/04/2018
to to to
31/03/2021 31/03/2020 31/03/2019
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 701,34,50,715 909,08,50,384
Revenue from sale of services 2,12,23,887 2,49,56,636
Other duties taxes collected 146,67,02,592 187,30,41,670
Total revenue from operations other than finance company 556,79,72,010 724,27,65,350
Total revenue from operations 556,79,72,010 724,27,65,350
Other income 2,80,14,033 2,77,57,655
Total revenue 559,59,86,043 727,05,23,005
Expenses [Abstract]
Cost of materials consumed 0 0
Purchases of stock-in-trade 465,23,43,575 634,58,47,461
Changes in inventories of finished goods, work-in-progress and
-36,52,27,109 1,23,95,664
stock-in-trade
Employee benefit expense 13,01,47,793 13,14,17,606
Finance costs 3,74,00,398 7,78,94,710
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 57,06,606 40,59,981
Total depreciation, depletion and amortisation expense 57,06,606 40,59,981
CSR expenditure 82,29,728 2,00,000
Other expenses 54,24,06,942 56,83,64,632
Total expenses 501,10,07,933 714,01,80,054
Total profit before prior period items, exceptional items, extraordinary
58,49,78,110 13,03,42,951
items and tax
Total profit before extraordinary items and tax 58,49,78,110 13,03,42,951
Total profit before tax 58,49,78,110 13,03,42,951
Tax expense [Abstract]
Current tax 15,32,60,544 2,82,50,352
Deferred tax -6,66,374 4,77,811
Total tax expense 15,25,94,170 2,87,28,163
Total profit (loss) for period from continuing operations 43,23,83,940 10,16,14,788
Total profit (loss) for period before minority interest 43,23,83,940 10,16,14,788
Total profit (loss) for period 43,23,83,940 10,16,14,788 10,16,14,788
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] 44 [INR/shares] 10.37
Diluted earnings per equity share [INR/shares] 44 [INR/shares] 10.37
Nominal value of per equity share [INR/shares] 10 [INR/shares] 10
95
[300500] Notes - Subclassification and notes on income and expenses

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross 701,34,50,715 909,08,50,384
Total revenue from sale of products 701,34,50,715 909,08,50,384
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Revenue from sale of services, gross 2,12,23,887 2,49,56,636
Total revenue from sale of services 2,12,23,887 2,49,56,636
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 2,73,67,407 2,45,53,619
Interest on current intercorporate deposits 0 30,24,590
Total interest income on current investments 2,73,67,407 2,75,78,209
Interest income on long-term investments [Abstract]
Interest on long-term intercorporate deposits 5,63,836 0
Total interest income on long-term investments 5,63,836 0
Total interest income 2,79,31,243 2,75,78,209
Dividend income [Abstract]
Total dividend income 0 0
Other non-operating income [Abstract]
Miscellaneous other non-operating income 82,790 1,79,446
Total other non-operating income 82,790 1,79,446
Total other income 2,80,14,033 2,77,57,655
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense long-term loans [Abstract]
Interest expense long-term loans, others 0 52,39,796
Total interest expense long-term loans 0 52,39,796
Interest expense other borrowings 0 13,57,500
Other interest charges 2,29,39,356 2,78,26,592
Total interest expense 2,29,39,356 3,44,23,888
Other borrowing costs 1,44,61,042 4,34,70,822
Total finance costs 3,74,00,398 7,78,94,710
Employee benefit expense [Abstract]
Salaries and wages 11,63,61,363 11,70,01,667
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 95,55,996 95,55,996
Total remuneration to directors 95,55,996 95,55,996
Total managerial remuneration 95,55,996 95,55,996
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 6,10,026 7,14,470
Total contribution to provident and other funds 6,10,026 7,14,470
Staff welfare expense 36,20,408 41,45,473
Total employee benefit expense 13,01,47,793 13,14,17,606
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 0 0
Power and fuel 0 0
Rent 4,39,58,519 5,34,06,842
Repairs to building 99,16,373 1,28,64,063
Repairs to machinery 0 0
Insurance 11,90,778 9,38,240
Rates and taxes excluding taxes on income [Abstract]
96
Cost taxes other levies by government local authorities 14,51,533 38,61,207

Total rates and taxes excluding taxes on income 14,51,533 38,61,207
Electricity expenses 54,06,361 78,74,993
Telephone postage 49,19,858 60,19,370
Printing stationery 23,06,792 26,07,660
Travelling conveyance 1,18,38,508 2,55,38,483
Legal professional charges (A) 4,66,19,118

4,38,40,838
Directors sitting fees 0 0

Bank charges 1,21,902 1,90,445
Advertising promotional expenses 8,62,03,259 20,63,59,871
Commission paid other selling agents 11,72,475 7,93,383
Transportation distribution expenses 15,66,67,843 15,97,18,460
Provision bad doubtful debts created 0 0
Provision bad doubtful loans advances created 0 0
Net provisions charged [Abstract]
Provision warranty claims created -1,80,16,639 -1,81,62,136
Total net provisions charged -1,80,16,639 -1,81,62,136
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0 0
Bad debts written off 18,75,87,466 22,77,707
Bad debts advances written off 0 0
Other assets written off 0 3,47,257
Total write-off assets 18,75,87,466 26,24,964
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
43,604 0
tangible asset
Payments to auditor [Abstract]
Payment for audit services 10,00,000 10,00,000
Payment for taxation matters 2,00,000 2,00,000
Payment for other services 0 25,000
Payment for reimbursement of expenses 67,442 50,036
Total payments to auditor 12,67,442 12,75,036
Miscellaneous expenses -2,48,250 5,86,12,913
Total other expenses 54,24,06,942 56,83,64,632
Current tax [Abstract]
Current tax pertaining to previous years 15,18,408 1,13,458
Current tax pertaining to current year 15,17,42,136 2,81,36,894
Total current tax 15,32,60,544 2,82,50,352
Footnotes
(A) Deepak Kabra: APR Certification and 3% clerkage paid to H&Co. removed and shown as payment to auditors.
97
[300600] Notes - Additional information statement of profit and loss

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Additional information on profit and loss account explanatory [TextBlock]
Changes in inventories of stock-in-trade -36,52,27,109 1,23,95,664
Total changes in inventories of finished goods, work-in-progress and
-36,52,27,109 1,23,95,664
stock-in-trade
Revenue other services (A) 2,12,23,887 (B) 2,49,56,636
Total gross income from services rendered 2,12,23,887 2,49,56,636
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
Total earnings in foreign currency 0 0
Domestic sale traded goods 701,34,50,715 909,08,50,384
Total domestic turnover goods, gross 701,34,50,715 909,08,50,384
Total revenue from sale of products 701,34,50,715 909,08,50,384
Domestic revenue services (C) 2,12,23,887 (D) 2,49,56,636

Total revenue from sale of services 2,12,23,887 2,49,56,636
Gross value of transaction with related parties as per AS-18 0 0
Bad debts of related parties as per AS-18 0 0
Footnotes
(A) Addition of Rs.3237542-represents gst on Service Income For grossing up Service Income by 18% GST amount, Rs.3237542 is
added to net Service Income of Rs.17986345 = gross service income 21223887 Simultaneous, this GST amount Rs.3237542 gets reduced
from the Sale of Products Rs.7016688257, reducing it to = 7013450715
(B) Addition of Rs.3806937-represents gst on Service Income For grossing up Service Income by GST amount, Rs.3806937 is added to
net Service Income of Rs.21149699 = gross service income 24956636 Simultaneous, this GST amount Rs.3806937 gets reduced from the
Sale of Products Rs.9094657321, reducing it to = 9090850384
(C) Addition of Rs.3237542-represents gst on Service Income For grossing up Service Income by 18% GST amount, Rs.3237542 is
added to net Service Income of Rs.17986345 = gross service income 21223887 Simultaneous, this GST amount Rs.3237542 gets reduced
from the Sale of Products Rs.7016688257, reducing it to = 7013450715
(D) Addition of Rs.3806937-represents gst on Service Income For grossing up Service Income by GST amount, Rs.3806937 is added to
net Service Income of Rs.21149699 = gross service income 24956636 Simultaneous, this GST amount Rs.3806937 gets reduced from the
Sale of Products Rs.9094657321, reducing it to = 9090850384
[300100] Notes - Revenue

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Textual information (36) Textual information (37)
Disclosure of revenue explanatory [TextBlock] [See below] [See below]
98
Disclosure of revenue explanatory [Text Block]

Revenue Recognition
Disclosure of revenue explanatory [Text Block]

Revenue Recognition
99
[300700] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Key managerial personnels and directors [Axis] Column 1 Column 2
01/04/2020 01/04/2020
to to
31/03/2021 31/03/2021
Disclosure of key managerial personnels and directors and remuneration to key
managerial personnels and directors [Abstract]
Disclosure of key managerial personnels and directors and remuneration to key
managerial personnels and directors [LineItems]
DEVITA HARISHKUMAR
Name of key managerial personnel or director RAJKUMAR BHAGVANJI
SARAF DESAI
Director identification number of key managerial personnel or director 00350496 00350792
Date of birth of key managerial personnel or director 25/06/1981 27/08/1968
Whole Time
Designation of key managerial personnel or director Director
Director
Textual information
Qualification of key managerial personnel or director (38) [See below]
BSC
Shares held by key managerial personnel or director [shares] 97,95,000 [shares] 0

Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director 1,00,00,000 0
Gross salary to key managerial personnel or director 1,00,00,000 0
Other commission key managerial personnel or director 3,45,00,000
Total key managerial personnel or director remuneration 4,45,00,000 0
Qualification of key managerial personnel or director

B.S (Business) – University of Southern California, Los Angeles • Management of Technology – University of California, Berkeley • Game
Theory and Strategic Thinking – London School of Economics Owner-President Management Program - Harvard Business School
[301000] Notes - Corporate social responsibility
Disclosure of net profits for last three financial years [Table] ..(1)
Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis]
[Member] [Member] [Member]
01/04/2020 01/04/2020 01/04/2020
to to to
31/03/2021 31/03/2021 31/03/2021
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [LineItems]
Description of financial year 2019-2020 2018-2019 2017-2018
Profit before tax of financial year 13,03,42,951 32,89,07,621 78,31,62,091
Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
82,29,728 82,29,728 82,29,728
of Companies (CSR Policy) Rules, 2014
100
Classification of CSR spending [Table] ..(1)

Classification of CSR spending [Axis] Column 1
01/04/2020
to
31/03/2021
Disclosure of CSR spending [Abstract]
Details of CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [LineItems]
CSR project or activity identified NA
Sector in which project is covered Education
Whether projects or programs undertaken in local area or other NA
Name of state or union territory where projects or programs was undertaken Maharashtra
Name of district where projects or programs was undertaken NA
Budget amount outlay project or program wise 0
Amount spent on projects or programs [Abstract]
Direct expenditure on projects or programs 46,00,000
Total amount spent on projects or programs 46,00,000
Mode of amount spent Directly by company

01/04/2020
to
31/03/2021
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
Yes
company
Disclosure of composition of CSR committee [TextBlock] [See below]
Whether company has written CSR policy Yes
Details CSR policy [TextBlock] [See below]
Average net profit for last three financial years 41,14,86,423
Prescribed CSR expenditure 82,29,728
Amount CSR to be spent for financial year 82,29,728
Amount CSR spent for financial year 46,00,000
Amount unspent CSR 36,29,728
The implementation and
monitoring of Corporate
Disclosure responsibility statement of CSR committee that Social Responsibility
implementation and monitoring of CSR policy is in compliance [CSR] Policy, is in
with CSR policy of company compliance with CSR
objectives and policy of
the Company.
Disclosure of composition of CSR committee [Text Block]

1. Composition of the CSR Committee:
Ms. Devita Saraf – Chairperson
Mr. Samir Tibrewala - Member (Up to 20th November, 2020)
Mr. Harish Desai - Member
101
Details CSR policy [Text Block]

The Company has framed a CSR Policy in compliance with the provisions of section 135 of Act. The CSR activities are proposed to be initiated
in the field of promoting education.
102

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VU TECHNOLOGIES PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2020 to 31/03/2021

[400100] Disclosure of general information about company

Disclosure of principal product or services [Table] ..(1)

[400400] Disclosures - Directors report

Details of directors signing board report [Table] ..(1)

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Details of significant and material orders passed by

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

The Members of,

VU Technologies Private Limited

Revenue from Operations 55679.72 72427.65

Other Income 460.30 459.19

Total Revenue 56140.02 72886.84

Expenses excluding depreciation and amortization 50233.18 71542.82

Depreciation and amortization 57.06 40.60

TOTAL EXPENSES 50290.24 71583.42

PROFIT BEFORE TAX 5849.78 1303.42

PROFIT AFTER TAX FOR THE YEAR 4323.84 1016.14

EARNINGS PER SHARE (Face Value of Rs. 10/-) 44.12 10.37

During the year under review,

CHANGE IN THE NATURE OF BUSINESS, IF ANY

There has been no change in the nature of business of the Company.

CORPORATE SOCIAL RESPONSIBILITY (CSR)

MEETINGS OF THE BOARD

DIRECTORS’ RESPONSIBILITY STATEMENT

RELATED PARTY TRANSACTIONS

INTERNAL FINANCIAL CONTROL SYSTEM AND ITS ADEQUACY

SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS

ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE

By Order of the Board

MUMBAI DEVITA SARAF HARISH DESAI

Date: 25th September, 2021 WHOLE-TIME DIRECTOR DIRECTOR

DIN: 00350496 DIN: 00350792

ANNEXURE ‘A’ TO THE DIRECTORS’ REPORT

B. Technology Absorption: Form B enclosed.

C. Foreign Exchange Earnings and Outgo: Rs. in Lakhs

Total foreign exchange used and earned

(i) Expenditure in foreign currency 38119.15

(ii) Foreign Exchange earned NIL

Form of disclosure of particulars with respect to absorption

Specific areas in which R & D carried out by the Company :

Benefits derived as a result of the above R & D:

Future plan of action :

4. Expenditure in R & D : Rs. in Lakh’s

d. Total R & D expenditure as a percentage of total turnover NIL %

TECHNOLOGY ABSORPTION ADAPTATION AND INNOVATION

1. Efforts, in brief, made towards technology absorption, adaptation and innovation :

2. Benefits derived as a result of the above efforts : On going

3. Imported Technology : None

By Order of the Board

MUMBAI DEVITA SARAF HARISH DESAI

Date: 25th September, 2021 WHOLE-TIME DIRECTOR DIRECTOR

DIN: 00350496 DIN: 00350792

VU TECHNOLOGIES PRIVATE LIMITED

ANNEXURE ‘B’ TO THE DIRECTORS’ REPORT

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