Deepak Nitrite Limited — Annual Report 2020

May 27, 2020

DNL/ 1 40l NSE / 1 1 1 6 / 2020 May 27, 2020

Listing Department National Stock Exchange of India Limited, Exchange Plaza Bandra Kurla Complex Bandra (E) MUMBAT - 400 051

Dear Sir,

Stock Svmbot: DEEPAKNTR

Sub: Pubtication of Audited Financia[ Resutts

Pursuant to the requirement of Regutation 47(1)(bl and 47(3) of SEBI (Listing Obtigations and Disclosure Requirements) Regutations, 2015 ("Listing Regulations"), we have pteasure to furnish herewith newspaper ctippings of Standalone and Consolidated Audited Financial Resutts of the Company for the quarter and year ended 31st March ,2020, pubtished in newspapers - Financial Express - Gujarati & The Indian Express - Engtish, Ahmedabad and Business Standard, Mumbai editions on 27th May, 2020.

The said advertisement have atso been uploaded on the website of the company.

You are requested to take the same on your record.

Thanking you,

Yours faithfutty For DEEPAK NITRITE LIMITED

Enc[: as above

DEEPAK NITRITE LIMITED Cl N: 124110GJ1970P1C00173s

Registered & Corporate Ofrice: Aaditya-1, Chhani Road, Vadodara-390 024. Gujarat, India. Tel: +91 265 276 5200/396 0200 | Fax: +91 2652765344 Investor Relations Contact: investor@ godeepak.com www.godeepak.com

ફાયનાન્સિયલ એક્સપ્રેસ

ભટાર રોડ શાખા : ગ્રાઉન્ડ શોપ, સ્કાચલાઈન, અલ્થાન કેનાલ રોડ,आन्ध्रा बेंक C ANDHRA BANKન્ચુ-સાઈ આશિષ સોસાચટી, ચુ.એમ. રોડ, સૂરત - ૩૯૫૦૧७,टेलि नं.०२५१-२२५३०००, ध-मेर्धल : bm2456@andhrabank.co.in(A Govt. of India Undertaking)
				સિક્ચોરીટી ઈન્ટરેસ્ટના એનફોર્સમેન્ટ માટે ૨૦૦૨ના એક્ટ ૫૪ ની ક્લમ ૧૩(૨) હેઠળ નોટીસડિમાન્ડ નોટીસ
પ્રતિ,				રવાના : મિહિર રંજનદાસ, અધિકૃત અધિકારી ૨૦૦૨ના એક્ટ ૫૪ હેઠળ આંધ્ર બેંક, ભટાર રોડ શાખા-૨૪૫૬			તારીખ : ૦૨.૦૩.૨૦૨૦
	દેવાદાર : શ્રી શેલાડિચા વિપુલભાઇ ડી,		સરનામું : પ્લોટ નં.૧૦૯, પટેલ નગર, કામરેજ, સુરત-3૯૪૧૮૦	સહ-દેવાદાર : શ્રી શેલાડિચા વિજચક્તમાર ડી,		સરનામું : પ્લોટ નં.૧૩૫, કવિતા રો હાઉસ, સરથાણા, સુરત-૩૯૫૦૦૬
શ્રીમાન/શ્રીમતી			એ બાબતની નોંધ લેશો કે બેંકમાંથી નીચેની ક્રેડિટ સવલતો તમે લીધેલી છે.
સવલત	મર્યાદા	દરમ્યાન	०१.०१.२०१૯મુજબ બાકી રકમ		વ્યાજનો દરમાસિક વ્યાજ લેખે વધિક	બાકી રકમનું વર્ગીકરણ
હાઉસિંગ લોન		30-03-		મંજૂરીના સમયે	ଧାର	મૂડી	any
245630100001732	₹18,00,000/-	2017	₹17,62,108/-	8.75%	8.85%	₹ 17,14,170/-	₹47.938/-
નીચે જણાવેલ મિલક્તોનો મોર્ગેજ સામે :				શ્રી શેલાડિયા વિપલભાદ્ય ડી ની માલિકીની ગામ કામરેજ તાલકો-કામરેજ પેટાજિલ્લો-કામરેજ જિલ્લો સરત ખાતે સાવેલ રેવન્ટા સર્વે

ન ૬૦૮/૨ પૈકી અને ૬૦૯, બ્લોક ન ૫૫૪/બી ની જમીન ૫૨ આવેલ ૫ટેલ નગરમાં પ્લોટ નં. ૧૦૯, ક્ષેત્રફળ૭૨.૦૦ ચો.મી. તેમાં તમામ -1.Sury - 10, 2017, 2018, 2018, 2018વદ્યારાઓ સહીતની રેસીડેન્સીચલ જમીન અને બિલ્ડીંગ**. ચતુ:સીમાઃ પુર્વ**: પ્લોટ નં. ૧૧૦ની મિલક્ત, પશ્ચિમ : સોસાચટીનો રોડ, ઉત્તર : પ્લોટ નં.૧૦૮ની મિલકત , દક્ષિણ : સોસાચટીનો રોડ .

આથી તમોએ મુખ્ય લોન/સવલત અને/અથવા હપ્તા/વ્યાજ અથવા બંનેની પરત ચૂકવણીમાં કસૂર કરી છે, અને/અથવા તમારું ખાત્આરબીઆઈના નિયમો ઉપરાંતના સમયથી અનિયમીત થયું છે.જેથી તમારું ખાતુ તા. ૨૯-૦૨-૨૦૨૦થી એનપીએ તરીકે વર્ગીકૃત કરવામાં આવ્ય અને તમો બધા જ સંચુક્ત રીતે તથા વ્યક્તિગત રીતે ₹ ૧૦,૦૨,૧૦૮/- (રૂપિચા સત્તર લાખ બાસઠ હજાર એક્સો આઠ પુરા) . . . . . . . . . . . . . . . . . . .

• કરવામાં આવે છે જેમાં નિષ્ફળ જવાથી બેંકને સિક્યુરિટાઈઝેશન એન્ડર રીકેન્ટરફક્શન ઓફ ફાયનાન્સિયલ એસેટ્સ એન્ડ એન્ડ્રીસમેન્ટ ઓફસિક્યોરિટી ઈન્ટરેસ્ટ એક્ટ (૨૦૦૨ નો ૫૪) હેઠળની જોગવાઈ મુજબ કોર્ટની દરમ્યાનગીરી વિના રકમ વસૂલ કરવા માટ
• ૧.) સિંક્યોર્ડ એસેટ્સને આખરી કરી તેનું વેચાણ અથવા લીઝ , એસાઈનમેન્ટ દ્વારા તબદીલ કરવાના હક સહિત દેવાદારની સિક્યોર્ડ એસેટ્સનો કબજો લેવો
• ૨.) સિક્યોર્ડ એસેટ્સને આખરી કરી તેનું વેચાણ અથવા લીઝ, એસાઈનમેન્ટ દ્વારા તબદીલ કરવાના હક સહિત દેવાદારની સિક્યોર્ડ એસેટ્સનું મેનેજમેન્ટ હાથ પર લેવું.
• ૩.) સિક્યોર્ડ ક્રેડિટર દ્વારા લેવાયેલ કબબ સહિત સિક્યોર્ડ એસેટ્સનું સંચાલન કરવા કોઈપણ વ્યક્તિની નિમણૂંક કરવી. (હવે પછી મેનેજર તરીકે સંદર્ભિત).
• ૪.) કોઈપણ વ્યક્તિને લેખિતમાં નોટિસ દ્વારા કોઈપણ સમયે જરૂર પડે તો કે જેણે દેવાદાર પાસેથી કોઈપણ સિક્યોર્ડ એસેટ્સનું સંપાદન કર્યું છે અને ાન્યને વ્યારેલ ( ના લા લા માન્ય સાથે આ પણ લા લા લા લા લા લા લા લા લા લા લા.જેની પાસેથી નાણા બાકી છે અથવા દેવાદાર પાસેથી બાકી નીકળતા હોય તે બેંકને ચૂકવવા માટે, કે જેની પાસે સિક્યોર્ડ દેવાની ચૂકવણી કરવા પૂરતા નાણા હોય.

.એ બાબતની પણ નોંધ લેશો કે તમો આ નોટિસ મળ્યા પછી બેંકની અગાઉ લેખિત પરવાનગી વિના નોટિસમાં જણાવેલ કોઈપણ સિક્યોર્ડ .એસેટ્સનું વેચાણ, લીઝ અથવા અન્ય રીતે તબદીલ કરી શકશો નહીં .

• .ઉપરોક્ત પગલા લેવા માટે કરાયેલ બધા ચાર્જુસ અને ખર્ચા વેચાણ દ્વારા વસૂલ કરવામાં આવશે અને જો બેંકની સમગ્ર બાકી રકમ પૂરી કરવા માટે આ વેચાણ પ્રક્રિયા અપૂરતી જણાશે તો યોગ્ય જણાય તે મુજબ કોઈપણ અન્ય કાયદો અથવા સરફેસી એક્ટ ૨૦૦૨નો પ૪માં જણાવેલ બાકીની રકમ પૂરી કરવા માટે ચોગ્ચ કાનૂની પગલા તમારી સામે લેવામાં આવશે કે જે માટે તમો સંચુક્ત રીતે તથા વ્યક્તિગત રીતે તે પરની બધી કોસ્ટ અને ખર્ચા ભેરપાઈ કરવા જવાબદાર છેો
• તેની પણ નોંધ લેશો કે સિક્યોર્ડ એસેટ્સનું વેચાણ અથવા એસાઈનમેન્ટ, લીઝ દ્વારા તબદીલી માટે જાહેર અથવા ખાનગી ટ્રિટી પાસેથી ટેન્ડર .અથવા કોટેશન આમંત્રિત કરવા અથવા જાહેર હરાજી માટે, નોટીસના પ્રકાશનની તારીખ પહેલા, કોઈપણ સમયે , બેંક દ્વારા કરાયેલ ખર્ચા તથા બધી .કોસ્ટ, ચાર્જીસ અને ખર્ચા સહિત બેંકની બાકી રકમ ચૂકવીને એક્ટની કલમ ૧૩(૮)ની જોગવાઈઓ હેઠળ પરત મેળવવાનો હક તમોને ઉપલબ્ધ છે આ નોટિસ કોઈપણ કાચદા હેઠળ ઉપલબ્ધ બેંકના હક અનુસાર કોઈપણ પૂર્વગ્રહ વિના તમોને આપવામાં આવી છે.

Place: Vadodara મુખ્ય પ્રબંધક અને અધિકૃત અધિકારી Date: May 26, 2020 આંધ બેંક

DEEPAKNITRITE
---------------------------------	--

epak Nitrite Limited

Registered Office: Aaditya-I, Chhani Road, Vadodara-390 024, Gujarat Website: www.godeepak.com, Investors Relation Contact: investor@godeepak.com Corporate Identity Number: L24110GJ1970PLC001735 Tel No.: +91 265 2765200, Fax No.: +91 265 2765344

EXTRACT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2020

									र in Crores)
Sr.			STANDALONE RESULTS					CONSOLIDATED RESULTS
N٥.	Particulars	Quarter Ended		Year Ended			Quarter Ended		Year Ended
		31.03.2020	31.03.2019	31.03.2020	31.03.2019	31.03.2020	31.03.2019	31.03.2020	31.03.2019
	Total Income from Operations	525.24	485.87	2,229.66	1,791.92	1,055.54	1,008.30	4,229.71	2,699.92
	Net Profit for the period before tax(after Exceptional and/or Extraordinary Items)	159.71	87.02	706.03	212.49	200.85	141.17	806.40	267.98
	Net Profit for the period after tax(after Exceptional and/or Extraordinary Items)	116.26	56.56	544.04	138.04	172.30	91.46	611.03	173.66
4	Total Comprehensive Income for the period[Comprising profit for the period (after tax)and other comprehensive income (after tax)]	113.36	54.02	540.38	135.37	169.26	88.74	607.23	170.82
	Equity Share Capital(Face Value of ₹ 2/- each)	27.28	27.28	27.28	27.28	27.28	27.28	27.28	27.28
6	Other Equity	NA	NA	1,464.05	1,030.56	NA	NA	1,544.63	1,044.31
	Earnings per share(Face Value of $\overline{\xi}$ 2/- each) (not annualised)(for continuing and discontinued operations) :
	1. Basic2. Diluted	8.528.52	4.154.15	39.8939.89	10.1210.12	12.6312.63	6.716.71	44.8044.80	12.7312.73
	Note:

The above is an extract of the detailed format of Quarterly Financial Results filed with with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Standalone and Consolidated financial results are available on stock exchange websites (www.nseindia.com and www.bseindia.com) and on company's website (www.godeepak.com).

For DEEPAK NITRITE LIMITED DEEPAK C. MEHTA Chairman & Managing Director DIN: 00028377

POWERFUL PERFORMANCE ON THE FOUNDATION OF POWERFUL PRODUCTS.

Shree Cement is committed to developing products after deep understanding of the market needs and months of extensive research. With two new premium products, ROOFON Cement and Bangur Power Cement, Shree has again foreseen the future demand of its consumers.

On strength of these new products along with the existing range of successful brands like Shree Jung Rodhak Cement, Bangur Cement and Rockstrong Cement, Shree has marked yet another year of consistent value creation for its stakeholders.

At Shree Cement we are proud to deliver on our commitments to our customers, investors, partners, associates and society at large, year-on-year. Of course, nothing of this would have been possible without the core philosophy of delivering nothing but the best; always.

Extract of Audited Standalone and Consolidated Financial Results for the Quarter and Year ended on 31st March, 2020

Sr.	Particulars		Standalone			Consolidated
No.		Quarter ended3 Ist March,2020	Correspondingquarter ended31st March, 2019	Year ended3 Ist March,2020	Quarter ended3 Ist March,2020	Correspondingquarter ended31st March, 2019	Year ended3 Ist March,2020
	Total Income from Operations (Net)	3,315.33	3,329.96	12, 175.62	3,513.31	3,538.00	13,142.79
$2^{\circ}$	Profit / (Loss) for the Period (before Tax, Exceptional andExtraordinary Items)	667.82	402.63	1,960.21	616.36	423.94	1,934.26
3	Profit / (Loss) for the Period (after Tax, Exceptional andExtraordinary Items)	588.15	320.95	1,570.18	536.65	342.09	1,544.06
$\overline{4}$	Total Comprehensive Income for the Period	576.83	286.30	1,583.12	656.65	287.69	1,756.53
5	Paid-up Equity Share Capital (Face Value of ₹ 10/- each)	36.08	34.84	36.08	36.08	34.84	36.08
6	Other Equity excluding Revaluation Reserve	$\sim$	$\sim$	12,900.34	$\sim$	$\blacksquare$	13,133.35
$\overline{7}$	Earnings Per Share (EPS) (of ₹ 10/- each)(Not Annualised for the Quarter)
	- Basic and Diluted ( $\ln \overline{\zeta}$ )	163.01	92.13	445.08	148.54	97.61	435.35
	- Cash (In $\overline{\zeta}$ )	276.88	211.27	888.58	270.11	224.54	908.87

The above is an extract of the detailed format of financial results for the Quarter and Year ended 31st March, 2020 filed with stock exchanges under Regulations 33 of the SEBI (Listing Obligations and Disclosure Requiremen Standalone and Consolidated Financial Results for the Quarter and Year ended 3 Ist March, 2020 are available on the Stock Exchanges websites www.nseindia.com and www.bseindia.com and on the website of the Company at www.sh

Regd. Office:

Shree Cement Ltd., Bangur Nagar, Beawar - 305 901, District - Ajmer, Rajasthan Phone: EPABX +91-1462-228101-06, Fax +91-1462-228117 / 228119 E-mail: shreebwr@shreecement.com | CIN: L26943RJ1979PLC001935 www.shreecement.com

ADITIRAJA VADODARA,MAY26

INAdesperateattempttoreplenish its dwindling funds, the VadodaraMunicipalCorporation (VMC), for the first time, announceda10%rebateforcitizens who pay their advance property tax for the currentfinancial year betweenJune1and30.Thecashstrapped civic body is in further crisis due to the Covid-19 lockdown with several of its projects gettingstalled.

VMC officials say that Tuesday'sannouncementwillencourage many residents to pay their property tax on time. Speaking to The Indian Express, DeputyMunicipalCommissioner SKPatelsaid,"Therebateisanimmediate relief. It is valid only for thecurrentfinancialyearforthose who have no pending dues. Anyonewhohasclearedpastdues or is willing to clear them along with thepenaltieswill alsobeeligible for this rebate for the currentyear.Therebatewillbecalculated on the spot for physical payments in ward offices and by ouronlinepaymentdeals aswell sothatthecitizenspay10%lessto beginwith." Patelsaidthemoveistobene-

fitboth theVMCand thecitizens. "We are planning tomake use of social media and newspapers to ensurethatthemessageaboutthe rebate reaches the people. Propertytax is one of our biggest incomes," Patel said, stating that in thelastfinancialyear 2019-20, the VMC earned Rs 454 crore againsttheestimatedRs474crore throughpropertytaxcollections.

"Thisyear too,weareexpectingasimilarincome.Wealsohave another major source of income through town planning and we

will try to ensure that it is smoothlyexecuted,"Patelsaid. It was just recently that the

VMC, which has been in a handto-mouth existence for several years now, managed to stabilise its finances. However,the lockdownandsuspensionofdevelopment projects exhausted all its funds and incurred a liability of about Rs 70 crore per month, including salaries of staff amountingtoRs45crore.

Chief Accountant Santosh Tiwari said, "We could sail throughthemonthsofMarchand Aprilbecausewehadreservesbut the months ahead are tough. At themoment,theremaynotbeissues inpayingsalariesaswehave amonthly octroi grant of Rs 26.8 crore regularly givenby the state government."

However, several officials rue that the grant has been stagnant at the amount since octroi was abolished in 2003. Tiwari said, "Our annual growth with octroi was pegged at a compounded 18%.Hadtherebeenacorresponding increase in the octroi grant, we would have been self sufficient."

According to Patel, the VMC has also planned to raise Rs 100 croreviabondsaletotideoverthe financial crisis. This sum, primarily, is meant for the ongoing AmrutYojanathataimstolinkthe waternetwork in thecity.

The suspension of developmentprojectshasaffectedseveral ongoinghousingprojectsthatare meantto rehabilitate over 2,000 displaced families in the city. WhiletheVMChasamonthlyexpenditure of Rs 15 lakh towards the 480-odd families of Kalyan Nagar who were displaced in

November2014andareawaiting

their rehabilitation homes to be ready, Patel said that the liability of paying the rent allowances to otherfamilieslieswiththedevelopers under the Public Private Partnership (PPP)model. "Ultimately,theVMCwillhave to compensate the developer by allowing some relaxation in the

premium amount of theland. So the civic body will bear the cost. We are also planning to open up moreof ourcommercialplots for development to generate income,"Patelsaid.

On May 6, Congress corporator and former deputy mayor Chirag Zaveri from Vadodara wrote a letter to Gujarat Chief MinisterVijayRupani,seekingRs 500 crore for the cash-strapped VMC.

**3 THEINDIAN EXPRESS,**WEDNESDAY, MAY 27, 2020 GUJARAT

'SURVIVEDWITHOUT FOOD, WATER FOR 70 YRS' BREATHARIAN YOGI DIES AT 90

PrahladJanialiasChunriwalaMataji,abreatharianYogiwhoclaimedtohavesurvivedwithout foodorwaterforover70years,diedTuesdayinGandhinagardistrict,hisdisciplessaid.Hewas90. Jani'sclaimsofsurvivingwithoutfoodorwaterweretestedin2003and2010byscientists.

EXPRESS NEWS SERVICE AHMEDABAD, MAY 26

THE FIRST Shramik train from Gujarat to Kerala left the state with over 1,200 stranded migrants on Tuesday. Despite being a point-to-point train, the Thiruvanthapuram-bound train originated at Rajkot and

made multiple stops in the state, picking up migrants along the way, official sources said.

they had to pay Rs 885 for a ticket.

Anu Jacob Kurshingal, a 26 year-old academician who lost her job during the lockdown, said that passengers in Ahmedabad were herded into the train bogies like cattle.

the railway station. Then, we had to spend more than three hours within the bus and later they made us stand in neatlydrawn circles outside the railway station and videographed us.Aswestepped ontotherailway platform, we were herded into the bogies of the waiting train like sheep and cattle. There was no social distancing during boarding or inside the train. No health check was conducted," said

The train which started fromRajkotwith 300-odd passengers, stopped at Ahmedabadtopick upover270 migrants including those from Gandhinagar and Mehsana, 62 from Vadodara and 568 from Surat.Passengerswho boarded this train fromAhmedabad said Government of IndiaDepartment of Atomic Energy nounced, she stopped getting paid by her employers.

Anu after boarding the train at 4 am. "Having suffered the trauma of lockdown in a new city, the way we were treated was the last nail in the coffin. I will never return," said Anu who had come to Ahmedabad for a job in December 2019. sengers for the destinations of Rajamundry, Srikakulam,

More than 5,000 migrants in Gujarat, including students and workers who lost their jobs, have listed themselves on the Non-Resident Keralites Affairs (NORKA) website of the

"Firstly, we were made to wait at the GMDC ground.From there, we boarded the bus to CORRIGENDUM

Kerala Government.

After thelockdown was anfrom Gujarat have transported 13.12 lakh migrants.

OnTuesday, a Shramik train from Gandhidham to Visakhapatnam also made multiple stops at Ahmedabad, Vadodara and Surattopick pas-

	Timing ofStationsTrain No. 00941				Timing ofTrain No. 00942
Arr.	Dep.			Arr.	Dep.
	18.30		Kankaria		03.15
19.35	19.45		Anand		02.00	02.10
00.30	00.40		Ratlam		21.10	21.20
02.20	02.30		Ujjain		19.30	19.40
05.15	05.20		Sant Hirdaram Nagar		16.40	16.45
07.40	07.50		Bina Jn.		14.10	14.20
11.50	12.00		Katni Murwara (KMZ)		10.00	10.10
16.30	16.40		Bilaspur Jn.		05.20	05.30
19.50	20.00		Jharsuguda Road		01.00	01.15
20.40	20.50		Sambalpur City		00.10	00.20
23.20	23.30		Talcher Road		21.30	21.40
02.30			Cuttack			19.30

Vijayawada and Visakhapatnam. This train carried about 1,209 migrants. OnTuesday,17trains carrying 20,677 migrants left the state. Sofar,901 Shramik trains

First Shramik train from Gujarat toKerala leaves with over 1,200 migrantsRAJKOT TO THIRUVANANTHAPURAM

More than 5,000 migrants inGujarat havelisted themselves on theNon-Resident KeralitesAffairs (NORKA)website of the KeralaGovernment

VMC announces10% property taxrebatetotide over crisis

Road carpetingworkunderway inVadodara onTuesday. BhupendraRana

Advt.No.03-R/IMSc/2020

Date: 26.05.2020

Reference our indicative advertisement No.01-R/IMSc/2020 Dated 20.03.2020 and subsequent indicativecorrigendum advertisement No.02-R/IMSc/2020 dated20.04.2020 inviting applications for the post of

DIRECTOR, IMSc, Chennai (Level

– 15 under 7th

CPC)

which appeared on all leading Newspapers. Due to COVID–19 Lock Down, the last date is furtherextended upto 10.06.2020 for receipt of applications

through Registered Post (or)

Speed post (or) Courier

(or) email: chmnoff@dae.gov.in.

Other terms and conditions as explained in the detailedadvertisement appearing on the following websites

remain same.

i)

www.dae.gov.in

under "Vacancy Notices''

ii)

www.imsc.res.in under "Other Positions"

Experienced Teachers).

Application Submission (Last Date): 15 Jun 2020.

Date of Interview: 24 Jun 2020.

How to Apply: Apply on a plain paper with Bio-Data and

Sr.No.	LoanAgreement No.	Name Of The Borrower/Co Borrower/Guarantor	Date ofDescription of the Property/iesDemand NoticepossessionmortgagedDate & AmountTaken
1	LXBHA00415-160017117	Karshanbhai ShamajibhaiMoradiya & HinabenKarsanbhai Moradiya	15-11-2019for Rs.766143/	21-05-2020	Plot No. 73, Near Pgycl Samarthak City,Gadhda Road, Opp. Petrol Pump, Botad,Bhavnagar, Gujarat - 364710
$\overline{2}$	LXMEH00416-170038955	Amaratbhai NathabhaiChamar & SantokbenAmartbhai Chamar	22-05-202019-12-2019for Rs.383255/22 05 202020-11-2018for Rs.488569/Parmar		Milkat No 1/143, Chamar Vas, NearMahadev Temple, Samrapura Satlasna,Vado, Mehsana, Gujarat - 384330
3	LXMEH00416-170033919	Dashrathji Kantiji Parmar& Ramilaben Dashrathji			Milkat No 105 Thakorvas SorsandaDanta Thakorvas Danta Banas KanthaGujarat - 385120
4	LXHIM00217-180058016	Dineshbhai ManakabhaiChamar & NirubenDineshbhai Chamar	26-08-2019for Rs.272019/	22-05-2020	Property No. 205, Gamtal Land, MoujeBhanavas-384340, Satlasna, Mehsana,Gujarat - 384330
$\overline{4}$	LXRAJ00317-180065879	Ghanshyam Vrajlal Kariya& MaheshvaribenGhanshyambhai Karia	24-01-2020for Rs.1190255/	23-05-2020	Flat No 301, 3rd Floor, RadhikaAppartment, B/H Vijay Pan & Colddrinks,Near Gayatri Temple, Rajkot Road,Gokul Nagar Society Main Road, Plot No12, Rs No 153/P1, Vrundavan Park,Wankaner, Rajkot, Gujarat - 363621
	Place: GUJARATAuthorized Officer.Dated: 27-05-2020(Aspire Home Finance Corporation Ltd.)

		T Details of the Posts, NO. Of Posts, Pay Matrix, Age Limit etc., are given below.
	' Designation No. of Vacancies & Reservation	Pay Scale	** Age Limit
Scientist	(HH-2, UR-1)	$Level - 11$(₹ 67,700 - ₹ 2,08,700)	32 years
Senior10Scientist$(UR-10)$		Level - 12(₹ 78,800 - ₹ 2,09,200)	37 years

								₹ in Crores)
		STANDALONE RESULTS			CONSOLIDATED RESULTS
Particulars	Quarter Ended		Year Ended		Quarter Ended		Year Ended
	31.03.2020	31.03.2019	31.03.2020	31.03.2019	31.03.2020	31.03.2019	31.03.2020	31.03.2019
Total Income from Operations	525.24	485.87	2,229.66	1.791.92	1.055.54	1.008.30	4,229.71	2,699.92
Net Profit for the period before tax(after Exceptional and/or Extraordinary Items)	159.71	87.02	706.03	212.49	200.85	141.17	806.40	267.98
Net Profit for the period after tax(after Exceptional and/or Extraordinary Items)	116.26	56.56	544.04	138.04	172.30	91.46	611.03	173.66
Total Comprehensive Income for the period[Comprising profit for the period (after tax)and other comprehensive income (after tax)]	113.36	54.02	540.38	135.37	169.26	88.74	607.23	170.82
Equity Share Capital(Face Value of ₹ 2/- each)	27.28	27.28	27.28	27.28	27.28	27.28	27.28	27.28
Other Equity	NA	NA	1.464.05	1.030.56	NA	NA	1.544.63	1,044.31
Earnings per share(Face Value of ₹ 2/- each) (not annualised)(for continuing and discontinued operations):1. Basic2. Diluted	8.528.52	4.154.15	39.8939.89	10.1210.12	12.6312.63	6.716.71	44.8044.80	12.7312.73

Place: Vadodara
Date: May 26, 20

Photograph af=xed along with self attested copies of Quali=cation & Experience certi=cate. Forward the soft/scanned copy on school website-apsahmedabad@gmail.com & carry original documents on the date of interview.

Vadodara

26May TheratioofIndia'spublicdebttoGDPis

expected to scale a new high atthe end of FY21 due to record borrowing by the central and state governments and an expected contraction in the country's gross domestic product (GDP) during the fiscal year. According to the Reserve Bank of India

(RBI) data, the combined liabilities of the Centre and the states were around~147 trillionatthe endofMarch, and thattranslated into a public debtto GDPratioof72.1percentattheendoflastfiscal year (given the nominal GDP of ~203 trillion). Economists now expect the ratio to cross 80per cent. India'spublicdebtwillbemuchhigh-

er

if one includes the borrowing of pub-

lic-sector enterprises such as the National Highways Authority of India, Food Corporation of India, Indian Railways Finance Corporation, NTPC, Oil & Natural Gas Corporation, and PowerGrid.TheCentralgovernmenthasannounceda54percentincreaseinmarket borrowing in FY21 to 12 trillion. In addition,thegovernmentisplanningtoborrow2.4 trillion from small savings,

called post office deposits. Last week, basis ofnominal GDP. "ThefiscaldeficitoftheCentrealone

KRISHNAKANT&INDIVJALDHASMANAMumbai/NewDelhi,borrowingofpublic-sectorundertakings.TRAJECTORY

Rangarajan expects the revenues of the Centre and the states will fall much belowwhatwasprojected.Madan

the Centre raised the state governmentborrowinglimitto5percentofgross state domestic productfrom3 per cent at present. This will translate into stateborrowingofaround~10.2trillioninFY21,basedontheGDPfiguresforFY20.Incomparison,India'sGDPisexpected to shrink at constant prices, may eithergrowinlowsingledigits,orremainstagnant at current or nominal prices. Thepublicdebtto GDPratio is calculatwill be over 7 per cent of GDP in FY21 because it has to maintain some of the expenditures which have been already budgeted. If you assume the states will haveafiscaldeficitof5percentofGSDP,the combined would be 12 per cent of GDP," said C Rangarajan, former chairman of the Prime Minister's Economic AdvisoryCouncil.The deficit calculation excludes the merHandlingofCovidcreates

Sabnavis, chief economist CARE Ratings, said: "India's public debt to GDP ratio is expected to rise by 800- 1,000 basis points in FY21, given record borrowing by the government and poor GDPgrowth." CARERatingsexpects0-2 percentgrowthinnominalGDPinFY21.Economists, however, say this is not the time to worry about this ratio. "We broughtthedebttoGDPratiofromnearly 84 per cent in 2004 to 66 per cent in 2016.Then,it rose.SorisingdebttoGDP is these circumstances is not a worrisome part, this can be brought down once crisis is over and the economy is back tonormal.Thenyoucanchalk out fiscalconsolidationplanningaswedidit

over2004to2016," saidPronabSen,for chief statisticianofIndia. Govinda Rao, member of the 14th FinanceCommission,doesn'texpectthe

ratio to cross 80 per cent. "Itis possible that statesmay raise theirdebtto 28per centofGDPfrom25percent,theCentremayincreaseitfrom45-46percentto50per cent. My feeling is that the debt to GDPratiowouldbe78-80per cent."

HistoricaltrendinIndia'spublicdebtrelative toGDP ¾Totalpublicdebt(~trillion) PublicdebttoGDP (%) 120

160

80

New

political alignments, possibly even central rule, could be on the cards in Maharashtra after CongressleaderRahulGandhidistancedhimselfand his party from the management of the Covid-19pandemic inthe state. Gandhi said his party, an alliance partner in the

governmentled by the Shiv Sena, was not a key decision-maker in the Maha Vikas Aghadi government. His comments come amidreports that NCP chief Sharad Pawar is upset with CM Uddhav Thackeray, who is also the chief of the ShivSena,fornotopeningupeconomicactivityinthe state's biggerurbancentres. Former chief minister Prithviraj Chavan of the

Congress had recently remarked that the Maharashtra government was not run by the Maha Vikas Aghadi, but only by the Shiv Sena. The Nationalist Congress Party (NCP), the thirdmemberofthealliance,couldbethereason

frictioninThackeray govt ADITI PHADNIS Mumbai, 26 May amrequesting you to please provide all infor-

for the unraveling of the government. Not only did Sharad Pawar, along with associate Praful Patel,callontheGovernorBSKoshiyari,butPatelalso defended Union Railway Minister Piyush Goyal from attacks by Shiv Sena and Congress leaders,whohavebeenscathingaboutthelackofhelpfromtherailwaysinhelpingmovemigrantsto theirhome states. OnSundaynight,ina series oftweets, Goyal asked

Maharashtra Chief Minister Uddhav Thackeray to provide a list of migrant workers saying his ministry was "ready to provide 125ShramikSpecialtrains"totheMumbai-headquarteredCentral Railway. Goyalhadfurther saidina tweet, "Since you have

said that you have a list ready thatis why I

mationlikefromwherethetrainwill

run,thelist ofpassengersaccordingtothetrains,theirmedicalcertificateandwherethetrainis togo,tothe General Manager of Central Railway within the nexthour,sothatwecanplanthetimeoftrains."The implication was that the state government was making it a political issue, without being constructive.All through the weekend, there was sniping betweensupportersoftheMaharashtragovern-

ment and the Centre. Senior Sena leader and RajyaSabhaMPSanjayRauttweeted,addressingGoyal, "Maharashtragovernmenthasgivenyou a list of workers who wish to return home. The onlyrequestisthatthetrainshouldreachthestation, as announced earlier….The Gorakhpur boundtrainhadreachedOdisha," Raut said. TheCongress saidthegovernmentwas "takingmigrantworkersona

PublicGDPratiocouldscalenewhigh as many of the sub-contractors are not functioning as yet, and because their work is specialised,it cannot be

country tour"without providing themfoodandwater. Theonlygovernmentpartner thatsidedwith thecentralgovernmentwastheNCP.PrafulPatel

said in a tweet: "Their (the Modi government's) efforts should be respected. We appreciate that theyareprovidingtrainssothatpeoplecanreachhome."NCP'sAjitPawar isdeputychiefminister and finance minister in the state. BJP leaders havenot ruledout a change inalliances.Clearly they are waiting for the right time to bring the government down. In a house of 288, 144 is the midway mark. The Shiv Sena has 56 MLAs, the BJPhas 105,andtheNCPhas54.Congressanda host of smaller parties and independents are supporting the Sena.Ifthe NCPwithdraws support,the government goes into aminority. More

onbusiness-standard.com

	STANDALONE RESULTS				CONSOLIDATED RESULTS
Particulars	Quarter Ended		Year Ended		Quarter Ended		Year Ended
	31.03.2020	31.03.2019	31.03.2020	31.03.2019	31.03.2020	31.03.2019	31.03.2020	31.03.2019
Total Income from Operations	525.24	485.87	2,229.66	1.791.92	1,055.54	1,008.30	4,229.71	2,699.92
Net Profit for the period before tax(after Exceptional and/or Extraordinary Items)	159.71	87.02	706.03	212.49	200.85	141.17	806.40	267.98
Net Profit for the period after tax(after Exceptional and/or Extraordinary Items)	116.26	56.56	544.04	138.04	172.30	91.46	611.03	173.66
Total Comprehensive Income for the period[Comprising profit for the period (after tax)and other comprehensive income (after tax)]	113.36	54.02	540.38	135.37	169.26	88.74	607.23	170.82
Equity Share Capital(Face Value of ₹ 2/- each)	27.28	27.28	27.28	27.28	27.28	27.28	27.28	27.28
Other Equity	NA	NA	1,464.05	1,030.56	NA	NA	1,544.63	1,044.31
Earnings per share(Face Value of $\bar{\tau}$ 2/- each) (not annualised)(for continuing and discontinued operations):. Basic2. Diluted	8.528.52	4.154.15	39.8939.89	10.1210.12	12.6312.63	6.716.71	44.8044.80	12.7312.73

(Ambattur), 26 May Ashokan,

proprietor of Srivari Alloys, in the Ambattur Industrial Estate in Chennai, is running his factory with only around 15 per cent of his workforce, even though he is allowed to functionwith33per cent. Almost 80 per cent of workers

are from other districts and another 10per centaremigrant labourers, and a majority of themarenot able to get back to workeitherduetothelockdownor fear of the growingnumber

ofCovid-19posi-

tive cases in Chennai. Srivari Alloys,manufacturesaluminiumalloys,highpressurediecastings

components, and supplies to companies such as TVS Motor, Simpson & Company, TAFE, among others. "I have 40 machines that used

to run in three shifts, of which, only eight are now running on one shift," says Ashokan, whose company had aturnoverof ~45crorelastyear. "Myfixedexpenses (rentalsand wages) were around 60 lakh evenduringthelockdownperiod.Plus,IhavetopayanEMIof13 lakh per month for my loans," he says, adding orders fromthepassengercar industry had been down by almost 50 per cent for nearly six months. The lockdown has only compoundedhis woes.

Fluidtech, a medium-scale company, has a similar story to to other companies either.Soundararajanfeelsthatthe

IndustrialEstate	aretiny	peripheries	industries	otherplaces
TESoundararajan,ownerof		assigned		in

central government's relief package to mitigate the crisis facedbyindustryinthewakeofthelockdowntotacklethecoronaviruspandemic,willnotsolvetheproblemsofthemicro,smalland medium enterprises (MSMEs). The additional loans may not be of much use for smaller units, he says, adding that the moratorium announced by RBI also means little since they would have to pay interest after the moratoriumperiod.

T E NARASIMHAN & GIREESH BABU ChennaiSings," says Sujeesh. Butit is not only Ambattur

Indeed,mostentrepreneurs

the major industrial estates of Chennai are unimpressed with the government's economic package. "If this is the levelofmeasures(under the~20 trillion package) the governmentisoffering,IamafraiditisalloverfortheMSMEs,"saysANSujeesh, president of Ambattur IndustrialEstateManufacturersAssociation(AIEMA)."IfIborrow funds, it should

befor investments,nottorepay myexistingloans.IfIamforcedtoborrowtorepaymyloans,itisa point of no return. What the government has given us as a stimulus, is further borrowings torepay your existing borrow-

chain blocks, lack of labour Chennaito the brink Thesecondofafive-partseries focusesonhowthelockdownhas compoundedthewoesofalready-strugglingfirms

Shanmugam, managing partner

at India Industries, an industrialandautocomponentsmanufacturer, which supplies to TVS Motor, feels that the moratorium on loans is a good move, but banks should not charge interest after the moratorium period. Their factory, which used to employ 60 people, now has around six to 10 workers, who are mostly carrying outmaintenancework. "The government should have

givenoneyear'smoratorium without interest. Industry has been paying taxes for 72 years,whycan'tthegovernmentwaive taxes from industry atleastforoneyearduringthesetough times," asks Shanmugam. He adds that while the Centre has announced additional loans for MSMEs, many will finditdifficultto

the

20,000

which

from

Almost

and

than

comes

almost

has

other

which

is struggling with lack of

manpower,

lack of orders and

supplychainissues.SDilli,pro-

prietor

of Sri Chellaiamman

Industries

in Thiru Vi Ka

Industrial

get banks to approve them. The Tamil Nadu government's Small Industries Development Corporation Limited (SIDCO) industrial estateinAmbatturhousesabout2,400 units and most of them areMSMEs.AndinandaroundheWiththeotherscannotcometowork.pressures,askedtoforegoGST,whilethosewithlimitedworkersarebattlingto

Estate, Guindy in

Chennai,whichproduces

sheet

metal

shearing andfolding job-

work,

says that though he

opened

his unittwo weeks ago,

the

order flow is dry. Also, in

place

of the six workers he had

before,hehas

justtwonow.The

other

four were migrants and

have

gone away. Similarly,

Sri Raghavendra

Fabrications,

which manufac-

estate, there are around micro and small outfits depends on business the industrial estate. 95 per cent of the units inAmbatturaredevotedtoauto allied industries and more 90 per cent of its revenue from this sector. And 75 per cent of the industrial estate's manpower traditionally come from states. retain their orders and not havethemgiventocompetitors."WhilewearepayingGST,thosewho are placing orders are demandinguctswithoutcannot exempt GST," says Manohar.believe the Centre's announcements will result in any actual supportthe influentialandlargeplayers willbeabletogetsomething.Forpeoplelikeus,thereisnohope,"hesayswithdespair.

turesshearing,foldingandpress

components

and is a sub con-

tractor

to ICF and Chennai

Corporation,

used to have

aroundsixtoeightworkersfrom

Chennai

and its outskirts. M Manohar,theproprietor,sayshe

has

had only one worker since

opened up a few days ago.

no public transportation,

Small

units are facing other

too. Some are being

that we offer prod-

GST.Wedefinitely

He, too, doesn't

for the MSMEs. "Only

AmbatturIndustrialEstate

Delhi, 26 May To

reduce build-up of arbitration cases, the National HighwaysAuthorityofIndia(NHAI)has askeditsprojectmanagers tocancelportionsoftheproposedcontractsincaseofhurdlesinthelandacquisitionprocess.NHAI

Chairman Sukhbir Singh Sandhu, in a letter to the authority's regionaloffices and project director, has said thematter oflandacquisition should not be left pending as it leads to litigation cases in the future. "In future, the stipulated land

would be acquired and handedoverencumbrancefreetothecontractor intimeor that part of the project will be cancelledifthelandisnothandedover," Sandhu wrote in the letter, a copy of which is with BusinessStandard.Such disputes mostly land in

arbitration, for which contracts have provision. It is not just the projects that get delayed but also the invested money—eitherofthe government or the private party gets stuck in the dispute. It is learnt that not just for future projects, the NHAI has done the same for some project stretches inthepast. "The idea is to stay away from

MEGHAMANCHANDANew inland acquisition?NHAItoscrappartof contract Sebislaps ~7-lakh fine on NHAIfor lapses

any future litigation and arbitration,becausethenquestionsareraisedastowhyNHAIdidnot address the issue ifthe land was not fully acquired," said an official. Sandhu has asked his regional offices for a strictermaintenance of land

progression data. NHAI's concern for the arbitration matters and its related claims can be gauged fromthefactthatatthestartof2020, the authority had set a target of settling arbitration claims worth ~70,000 crore through the reconciliation method in January. Theprocess began with

NHAI settling an arbitration claim worth about ~650 crore with Infrastructure Leasing & Financial Services (IL&FS) for nearly ~200 crore through a conciliationprocess.

TheSecuritiesandExchangeBoardofIndia

(Sebi)

onTuesday imposedapenaltyof~7lakhontheNationalHighwaysAuthorityofIndia(NHAI)fordelayinmakingtimelydisclosureaboutfinancialresults.

SebihadconductedanexaminationinthematterofNHAIfromfinancialyear2015-16to2018-19.Duringitsinvestigation,SebifoundthatNHAIdelayedfilingofitshalf-yearlyfinancialresultsbyfourdaysto78daysbetween2015-16to2018-19.PTI