Rallis India Ltd — Annual Report 2019

Apr 25, 2019

RALLIS INDIA LIMITED

corporate ldentity No. L36992MHt 948PLC0t4083

2ndFloor ShardaTerra.es PlotNo 65 Sectorll CBDSelapur N.vi Mumbai 400 614 fel 912261?61651 tax 91 2267161775 email yash sheth@rallis..o.in

Yarh Shcth Company Se(retary

25th April, 2019

The General Manager Asst. Vice President BSE Limited Exchange Plaza, Sth Floor Phiroze Jeejeebhoy Towers Plot No. C/1 , G Block Dalal Street Bandra - Kurla Complex Mumbai ⁴⁰⁰001 Bandra (E), Mumbai 400 ⁰⁵¹ Symbol: 500355 SYmbol: RALLIS

Corporate Relationship Dept. National Stock Exchange of lndia Ltd.

Dear Sirs,

Sub: Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Audited Financial Results of the Company for the Financial Year ended 31"t March, 2019

1. Financial Results

Pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ["Listing Regulations"], we wish to inform you that the Board of Directors at their Meeting held today has inter alia, approved the Audited Financial Results (Standalone and Consolidated) of the Company for the year ended 31"tMarch,2019 along with the Audit Report. ln this regards, please find enclosed:

• (a) Audited standalone and consolidated Financial Results for the financial year ended 31"tMarch, 2019.
• (b) Audito/s Report in respect of the Audited standalone and consolidated Financial Results of the Company for the financial year ended 31't March, 2019.

These are also being made available on the website of the company at www. rallis.co. in.

.....21-

:2'.

2. Unmodified opinion

ln compliance with the provisions of Regulation 33 (3) (d) of the Securities and Exchange of lndia (Listing Obligations and Disclosure Requirements), Regulations,2015 ("Listing Regulations"), we would like to confirm that B S R & Co. LLP, Statutory Auditors of the Company, have issued Audit Reports with unmodified opinion on the Standalone and Consolidated Financial Statement.

The Meeting of the Board of Directors held today commenced at 4.00 p.m. and concluded at 6.45 p.m.

Thanking you,

Yours faithfully, RALLIS INDIA LIMITED

Encl.: a/a

Chartered Accountants

sth Floor, Lodha Excelus, Apollo Mills Compound N. M. Joshi Marg, Mahalaxmi Mumbai - rO0 011 lndia

Telephone +91 (22) 4345 5300 Fax +91 {22) 4345 5399

Independent Auditors' Report on Standalone Annual Financial Results of Rallis India Limited pursuant Exchange Board of India to Regulation 33 of the Securities and and Disclosure Requirements) Regulations, 201 5 (Listing Obligations

To the Board of Directors of Rallis India Limited

We have audited the standalone annual financial results of Rallis India Limited ('the Company') for the year ended 3l March 2019 attached herewith, being submitted bythe Company pursuant to the requirements of Regulation 33 ofthe Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'). Attention is drawn to the fact that the figures for the quarter ended 3l March 2019 and the corresponding quarter ended in the previous year as reported in these standalone annual financial results are the balancing figures between audited figures in respect of full financial year and the published year to date figures upto the end ofthird quarter ofthe relevant financial year. Also, the figures up to the end ofthird quarter had only been reviewed and not subjected to audit.

These standalone annual financial results have been prepared on the basis ofthe audited standalone annual financial statements and reviewed quarterly standalone financial results upto the end of third quarter which are the responsibility of the Company's management. Our responsibility is to express an opinion on these standalone annual financial results based on our audit ofthe standalone annual financial statements which have been prepared in accordance with the recognition and measurement principles laid down in the Companies (lndian Accounting Standards) Rules 2015 as per Section 133 of the Companies Act 2013 and other accounting principles generally accepted in India and in compliance with Regulation 33 ofthe Listing Regulations.

We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the standalone annual financial results are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts disclosed as the standalone annual financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.

In our opinion and to the best of our information and according to the explanations given to us, th€se standalone annual fi nancial results:

are presented in accordance with the requirements of Regulation 33 ofthe Listing Regulations ihis regard; and

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Independent Auditors' Report on Standalone Annual Financial Results of Rallis India Limited pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Continued)

Rallis India Limited

(ii) give a true and fair view ofthe net profit and other comprehensive income and other financial information for the year ended 3 I March 2019.

FoTBSR&Co.LLP Chartered Accotmlonts Firm's Registration No:

25 April20l9 Membership No: 105149

Mumbai

Sanjiv Lal Managing Director & CEO

RALLIS INDIA LIMITED
A TATA Enterprise
	Registered Office: 156/157, 15th Floor Nariman Bhavan, 227 Nariman Point, Mumbai 400 021.
PART I: STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 MARCH, 2019						$\bar{\tau}$ in Cr.)
		Quarter ended	Quarter ended	Quarter ended	Year ended	Year ended
		31 March,	31 December,	31 March,	31 March,	31 March,
		2019	2018	2018	2019	2018
	Particulars
		Audited	Unaudited	Audited	Audited	Audited
	1 Revenue from operations (net of rebates and discounts)	317.65	388.23	349.06	1,671.50	1,515.94
	2 Other income (net)	9.44	4.94	1.71	25.72	8.93
3	TOTAL INCOME (1+2)	327.09	393.17	350.77	1,697.22	1,524.87
4	EXPENSES
	a) Cost of materials consumed	172.35	246.39	182.59	939.55	704.06
	b) Purchase of stock-in-trade	7.32	41.26	0.76	148.95	236.01
	c) Changes in inventories of finished goods, work-in-progress and	4.16	(51.27)	16.29	(72.38)	(73.06)
	stock-in-trade
	d) Excise duty on sale of goods					17.52
	e) Employee benefits expense	38.01	33.60	32.51	138.47	125.65
	f) Finance costs	1.60	1.79	1.09	4.86	3.29
g)	Depreciation and amortisation expense	8.78	10.31	8.76	39.28	40.57
	h) Other expenses	76.05	78.80	74.21	310.61	279.57
	TOTAL EXPENSES 4(a) TO 4(h)	308.27	360.88	316.21	1,509.34	1,333.61
5	PROFIT BEFORE TAX (3 - 4)	18.82 7.43	32.29 9.44	34.56 9.20	187.88 58.90	191.26 49.77
6	Tax expenses	11.39	22.85	25.36	128.98	141.49
$\overline{\phantom{a}}$	NET PROFIT FOR THE PERIOD (5 - 6) Other Comprehensive Income	(1.66)	$\overline{\phantom{a}}$	1.12	(0.86)	(0.16)
8	Items that will be reclassified to profit or loss
	Items that will not be reclassified to profit or loss	(1.77)		1.48	(0.61)	0.50
	Income tax relating to items that will not be reclassified to	0.11	٠	(0.36)	(0.25)	(0.66)
	profit or loss
9	TOTAL COMPREHENSIVE INCOME (7+8)	9.73	22.85	26.48	128.12	141.33
	10 Paid up equity share capital	19.45	19.45	19.45	19.45	19.45
	(Face value ₹ 1 per share)
	11 Other equity				1,228.91	1,159.40
	12 Basic and diluted earnings per share (in $\bar{z}$ )	0.59	1.17	1.30	6.63	7.28
	See accompanying notes to the standalone financial results

Joy

156/157 Nariman Bhavan 15th Floor 227 Nariman Point Mumbai 400 021 Tel 91 22 6665 2815 Fax 91 22 6635 2996 email sanjiv.lal@rallis.co.in website www.rallis.co.in
Corporate Identity No. L36992MH1948PLC014083 A TATA Enterprise

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$(7 \text{ in Cr.})$
PART II: STANDALONE AUDITED BALANCE SHEET AS AT 31 MARCH, 2019
	As at	As at
Particulars	31 March,	31 March,
	2019	2018
	Audited	Audited
ASSETS
Non-current assets
a)Property, plant and equipment	349.30	342.75
b)Capital work-in-progress	12.78	12.06
c)Investment property	5.50	5.58
d)Other Intangible assets	2.93	2.53
e)Intangible assets under development	11.85	12.62
f)Financial assets
i)Investments	309.50	309.55
ii)Loans	4.85	3.85
iii)Other financial assets	0.21	0.59
g)Income-tax assets (Net)	61.66	62.50
h)Other non-current assets	31.59	32.60
Total non-current assets	790.17	784.63
Current assets
a)Inventories	429.78	374.86
b)Financial assets
i)Investments	59.49	80.14
ii)Trade receivables	416.97	365.33
iii)Cash and cash equivalents	34.91	2.73
iv)Bank Balances other than (iii) above	2.57	2.97
v)Other financial assets	4.58	5.51
c)Other current assets	116.70	104.63
	1,065.00	936.17
Assets classified as held for sale		12.65
Total current assets	1,065.00	948.82
Total assets	1,855.17	1,733.45
EQUITY AND LIABILITIES
Equity	19.45	19.45
a) Equity share capital b)Other equity	1,228.91	1,159.40
Total equity	1,248.36	1,178.85
Liabilities Non-current liabilities
a)Financial liabilities
Borrowings	14.67	17.91
b)Provisions	20.28	14.32
c)Deferred tax liabilities (Net)	38.16	40.53
Total non-current liabilities	73.11	72.76
Current liabilities
a)Financial liabilities
	52.96	0.15
i)Borrowings ii)Trade and other payables
-total outstanding dues of micro enterprises and small enterprises	2.76	4.81
-total outstanding dues of creditors other than micro enterprises	356.80	363.83
and small enterprises
iii)Other financial liabilities	87.89	77.37
b)Other current liabilities	14.29	19.59
c)Provisions	15.49	13.80
d)Income-tax liabilities (Net)	3.51	2.29
Total current liabilities	533.70	481.84
Total liabilities	606.81	554.60
Total equity and liabilities	1,855.17	1,733.45

$R$ & Co.

Esth Floor,
Lodha Exceius,
Dollo Mills Compound
N. Mahalaxmi,
Mumbai-400011,
India

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156/157 Nariman Bhavan 15th Floor 227 Nariman Point Mumbai 400 021 Tel 91 22 6665 2700 Fax 91 22 6665 2847 website www.rallis.co.in
Corporate Identity No. L36992MH1948PLC014083

B

A TATA Enterprise

RALTIS INDIA LIMITED

corpor.t€ ldentity No. L36992MHt 948P1C014083

I{otel :

• 1 The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 25 April, 2019. The statutory a ud itors have expressed an unqualified audil opinion.
• 2 Finanaial resuhs for all the periods pres€nted have been prepared in acaordanae with the recoSnition and measurement principles of lnd AS notified under lhe Companies (lndian Accountint Standards) Rules, 2015 as amended from time to time.
• 3 The Company's business is seasonal in nature and the performance can be impacted by wealher conditions and cropping pattern.
• 4 The Company has one reportable business iegment viz. "Agrilnputs".
• 5 The Board of Directors oI the Company had approved the Scheme of Amalgamation of Zero Waste Agro Organi6 Limited (a wholly owned subsidiary) with the Company pursuant to the provisions of Sections 230 to 232 of the Companies Ad, 2013 subied to necessary statutory and regulatory approvalt includinS the ^National Company Law Tribu na I ('NCtT').
• 6 During the year, the Soard of Directors of the Company have approved the Scheme of AmalSamation oI Metahelix Life Sciences Umited (a wholly owned rubsidiary) with the Company pursuant to the provisions of Sections 230 to 232 of the Companies Act, 2013 subject to necessary statutory and regulatory approvals, includingthe National Companyl-awTribunal('NCtT).
• 7 DurinS th€ year, Rallis Chemistry Exports ttd. (a wholly owned subsidiary) has made an application to the Registrar ot companies for removal of its name from the aegister of aompanies for which the approval is awaited.
• 8 Effective l April, 2018, the cohpany has adopted lnd As 115 'Revenue from contracts with customers'. Based on the assessment done bythe management, there is no materia I impact on lhe tevenue recoSnised during the period.
• 9 Figures for the quarter ended 31 March, 2019 and the correspondint quarter ended in the previous year as reported in this financial resuh are the balanain8 figures between audited figures in respect of the ,ull financial year and the published year to date figurer upto the end of the third quarter of the relevant financialyear. Alsothe figures upto the end ofthe third quarter had only been reviewed and not subjeded to audit.
• 10 The goard of oirectorsatits meeting held on 25April,2019 has reaommended a dividend of4 2.50 per equity share.
• 11(a) Conrequenl to clarifications published by the lnstitute of Chartered Acaountants of lndia (lC-Al), the amount of erport inaentive has been recoSnised as "Oher lncome" with effect from July 2018. ln earlier periods these amounts were reporled under "olher Operating Revenue" in the Statement of Profrt and Loss. This has no impact on reported Profit Before Tax (PBT).
• (b) The MCA wide notification dated 11 October, 2018 has amended Schedule lll to the Companies Acl, 2013 in respect ofcenain disclosures. The Company has incorporated appropdate chanSes in the above resuhs.
• 12 The results of the Company are available for invettors at f4u!,!i!!i!!g!lo, !41 {I!d!!!I!.!9!!! and wgrw.bielndie.coIn.

For and on behalf of Rallis lndia Umited

+

SAN'IV LAL Managin8 Director & CEO

Offi.e 156/157 l5th Floor Nariman Bhavan 227 Nariman Point Mumbai40O ⁰²¹ Iel 91 22 6665 27OO Fax 9122 6665 2a27 website wwwrallis.co.in Regd

A IATA Enterprire

BSR&Co.LLP

Chartered Accountants

sth Floor, Lodha Excelus, Apollo Mills Compound N. M. Joshi Marg, Mahalaxmi MumbEi - 400 011 lndia

Telephone +91 (22)4345 ⁵³⁰⁰ Fax +91 (22)4345 ⁵³⁹⁹

Independent Auditors' Report on the Consolidated Annual Financial Results of Rallis India Limited pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of Rallis India Limited

We have audited the consolidated annual financial results of Rallis India Limited ('hereinafter referred to as'the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group') for the year ended 3l March 2019, attached herewith, being submitted by the Holding Company pursuant to the requirements ofRegulation 33 ofthe Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201 ⁵ ('Listing Regulations'). Attention is drawn to the fact that the figures for the quarter ended 3l March 2019 and the corresponding quarter ended in the previous year as reported in these consolidated annual financial results are the balancing figures between consolidated audited figures in respect of full financial year and the published year to date consolidated figures upto the end ofthird quarter of the relevant financial year. AIso, the figures up to the end of third quarter had only been reviewed and not subjected to audit.

These consolidated annual financial results have been prepared from the audited consolidated annual financial statements and reviewed quarterly consolidated financial results upto the end ofthe third quarter, which are the responsibility ofthe Holding Company's management. Our responsibility is to express an opinion on these consolidated annual financial results based on our audit of such consolidated annual financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in the Companies (lndian Accounting Standards) Rules 201 5 as per Section 133 ofthe Companies Act 2013 and other accounting principles generally accepted in India and in compliance with Regulation 33 ofthe Listing Regulations.

We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated annual financial results are free of material misstatements. An audit includes examining on test basis, evidence supporting the amounts disclosed as consolidated annual financial results. An audit also includes assessing the accompanying principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.

We did not audit the financial statements of subsidiaries namely Rallis Chemistry Exports Limited, Zero Waste Agro-Organics Limited and PT Metahelix Life Sciences Indonesia, included in the consolidated annual financial results, whose annual financial statements reflect total assets of Rs 23.62 crores as at the year ended 3 I March 2019, as well as total revenue of Rs 12.45 crores for the year ended 3l March 2019. These financial statements and other financial information have been audited by other auditors whose reports have been furnished to us by the managemenl, and our opinion on the consolidated annual financial results, to the extent they have been derived from such i4 statements is based solely on the report of such other auditors.

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Independent Auditors' Report on Consolidated Annual Financial Results of Rallis India Limited pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Con tinued)

Rallis India Limited

One subsidiary is located outside India whose financial statements and other financial information have been prepared in accordance with accounting principles generally accepted in that country and which have been audited by other auditors under generally accepted auditing standards applicable in that country. The Holding Company's management has converted the financial statements of such subsidiary located outside India from accounting principles generally accepted in that country to accounting principles generally accepted in India. We have audited these conversion adjustments made by the Holding Company's management. Our opinion in so far as it related to the balances and affairs of such subsidiary located outside lndia is based on the reports of the other auditors and the conversion adjustments prepared by the management ofthe Holding Company and audited by us.

Our opinion on the consolidated annual financial results is not modified in respect of the above matters with respect to our reliance on the work done and the reports ofthe other auditors.

ln our opinion and to the best of our information and according lo the explanations given to us and based on consideration of reports of other auditors on separate financial statements and on other information ofthe subsidiaries as aforesaid, these consolidated annual financial results:

(a) lnclude the financial results ofth€ following entities:

Namc of thc Entity	Relationship
Rallis Chemistry Expo s Limited	Wholly Owned Subsidiary
Zero Waste Agro-Organic Limited	Wholly Owned Subsidiary
Metahelix Lifc Scicnces Limited	Wholly Owned Subsidiary
(including its following subsidiary)
- PT Metahelix Life Scierces lndonesia

• are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and (b)
• give a true and fair view of the consolidated profit and other comprehensive income and other financial information for the year ended 3 I March 2019. (c)

Firm's Registration No: FoTBSR&Co.LLP

Godbole Parlner Membership :105149

Mumbai 25 April20t9

Sanjiv Lal Managing Director & CEO

	RALLIS INDIA LIMITED
	A TATA Enterprise
	Registered Office: 156/157, 15th Floor Nariman Bhavan, 227 Nariman Point, Mumbai 400 021.
	PART I: CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 MARCH, 2019
						$\left($ $\overline{\tau}$ in Cr.)
			Quarter ended	Quarter ended	Year ended 31	Year ended 31
		Quarter ended				March, 2018
		31 March,	31 December,	31 March,	March, 2019
	Particulars	2019	2018	2018
			Unaudited	Audited	Audited	Audited
		Audited
$\mathbf{1}$	Revenue from operations (net of rebates and discounts)	339.69	417.35	371.08	1,983.96	1,808.46
$\overline{2}$	Other income (net)	10.95	5.90	1.58	30.65	13.18
3	TOTAL INCOME (1+2)	350.64	423.25	372.66	2,014.61	1,821.64
4	EXPENSES
a)	Cost of materials consumed	258.65	281.55	221.48	1,195.29	901.77
b)	Purchase of stock-in-trade	4.18	38.05	(1.58)	116.42	201.78
	c) Changes in inventories of finished goods, work-in-progress and
	stock-in-trade	(69.81)	(67.00)	(17.01)	(140.18)	(101.19)
	d) Excise duty on sale of goods					17.52
e)	Employee benefits expense	48.10	44.41	41.86	180.64	164.90
	f) Finance costs	1.65	1.83	1.16	5.25	4.31
g)	Depreciation and amortisation expense	10.51	12.07	10.03	46.08	46.31
	h) Other expenses	91.77	92.71	91.53	390.85	359.21
	TOTAL EXPENSES 4(a) to 4(h)	345.05	403.62	347.47	1,794.35	1,594.61
5	PROFIT BEFORE TAX (3-4)	5.59	19.63	25.19	220.26	227.03
6	Tax expenses	4.24	5.87	5.61	65.48	60.01
	7 NET PROFIT FOR THE PERIOD (5-6)	1.35	13.76	19.58	154.78	167.02
	Attributable to:
	Shareholders of the Company	1.52	13.88	19.78	155.38	167.62
	Non Controlling Interest	(0.17)	(0.12)	(0.20)	(0.60)	(0.60)
8	Other comprehensive income	(1.70)	0.10	1.04	(1.48)	(0.33)
	Items that will not be reclassified to profit or loss	(1.74)	0.09	1.51	(1.20)	0.44
	Income tax relating to items that will not be reclassified to profit
	or loss	0.11		(0.36)	(0.25)	(0.66)
	Items that will be reclassified to profit or loss	(0.07)	0.01	(0.11)	(0.03) 153.30	(0.11) 166.69
	9 TOTAL COMPREHENSIVE INCOME (7 + 8)	(0.35)	13.86	20.62
	Attributable to:	(0.18)	13.98	20.82	153.90	167.29
	Shareholders of the Company	(0.17)	(0.12)	(0.20)	(0.60)	(0.60)
	Non Controlling Interest
	10 Paid up equity share capital	19.45	19.45	19.45	19.45	19.45
	(Face value ₹ 1 per share)				1,268.32	1,172.24
	11 Other equity	0.08	0.71	1.02	7.99	8.62
	12 Basic and diluted earnings per share (in ₹)
	See accompanying notes to the consolidated financial results

Pro

156/157 Nariman Bhavan 15th Floor 227 Nariman Point Mumbai 400 021 Tel 91 22 6665 2815 Fax 91 22 6635 2996 email sanjiv.lal@rallis.co.in website www.rallis.co.in
Corporate Identity No. L36992MH1948PLC014083

A TATA Enterprise

PART II: CONSOLIDATED AUDITED BALANCE SHEET AS AT 31 MARCH, 2019

$(7 \text{ in Cr.})$

As at

As at

31 March, 31 March, 2019 2018 Particulars Audited Audited ASSETS Non-current assets a)Property, plant and equipment 369.77 364.03 b)Capital work-in-progress 12.88 12.34 5.58 clinvestment property 5.50 195.82 195.82 d)Goodwill e)Other intangible assets 9.68 8.23 f)Intangible assets under development 37.83 34.97 g)Financial assets $3.79$ 3.79 illnvestments 6.45 ii)Loans 6.74 iii)Other financial assets $0.42$ 0.59 h)Income-tax assets (Net) 75.20 72.09 20.78 i)Deferred tax assets (Net) 21.72 i)Other non-current assets 31.79 32.83 Total non-current assets 771.14 757.50 Current assets 673.55 572.18 allnyentories b)Financial assets i)Investments 105.48 91.81 ii)Loans 0.93 $1.12$ iii)Trade receivables 449.06 399.67 41.85 28.93 iv)Cash and cash equivalents $4.47$ v)Bank Balances other than (iv) above 3.90 vi)Other financial assets 4.61 5.62 133.81 124.64 c)Other current assets 1,413.19 1,228.44 12.65 Assets classified as held for sale 1,413.19 1,241.09 Total current assets 2,184.33 1,998.59 Total assets EQUITY AND LIABILITIES Equity 19.45 19.45 a) Equity share capital 1,266.48 1,171.13 b)Other equity 1,190.58 1.285.93 Equity attributable to owners of the Company Non-controlling interests 1.84 1.11 1,287.77 1,191.69 Total equity Liabilities Non-current liabilities a)Financial Liabilities 15.80 19.88 Borrowings 6.06 6.40 b)Other financial liabilities 15.88 21.89 c)Provisions 40.53 38.16 d)Deferred tax liabilities (Net) $0.10$ $0.11$ e)Other non-current liabilities 82.35 82.46 Total non-current liabilities Current liabilities a)Financial liabilities 52.96 $0.15$ i)Borrowings ii)Trade and other payables 2.89 4.81 -total outstanding dues of micro enterprises and small enterprises -total outstanding dues of creditors other than micro enterprises 531.93 521.27 and small enterprises 106.80 90.10 iii)Other financial liabilities 99.11 90.30 b)Other current liabilities 14.52 16.25 c)Provisions d)Income-tax liabilities (Net) $4.27$ $3.29$ 814.21 724.44 Total current liabilities

Total liabilities

Total equity and liabilities

156/157 Nariman Bhavan 15th Floor 227 Nariman Point Mumbai 400 021 Tel 91 22 6665 2700 Fax 91 22 6665 2847 website www.rallis.co.in A TATA Enterprise

806.90

1,998.59

896.56

2,184.33

RALLIS INDIA LIMITED

Corporate ldentity No. L36992MHl 948P1C014083

Notes :

• The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 25 April, 2019.The statutory auditors have expressed an unqualified audit opinion.
• Financial results for all the periods presented have been prepared in accordance with the recognition and measurement principles of tnd AS notified under the Companies (lndian Accounting Standards) Rules, 2015 as amended from time to time.
• 3 The business of the Company and its subsidiaries (the "Group") is seasonal in nature and the performance can be impacted by weather conditions and cropping pattern.
• 4 The Companyand its subsidiaries haveone reportable business segment viz "Agri-lnputs"'
• 5 The Board of Directors of the Company had approved the Scheme of Amalgamation of zero waste Agro Organics Limited (a wholly owned subsidiary) with the Company pursuant to the provisions of Sections 230 to 232 of the Companies Act, 2013 subrect to necessary statutory and regulatory approvats, includinS the National company Law Tribunal ('Nc[T').
• 6 Ouring the year, the Board of Directors of the Company have approved the Scheme of AmalSamation of Metahelix Life Sciences Limited (a wholly owned subsidiary) with the company pursuant to the provisions of sections 23o to 232 of the companies Act, ²⁰¹³sub.iect to necessary statutory and regulatory approvals, including the National company Law Tribunal ('NcLT')'
• 7 During the year, Rallis chemistry Exports Ltd. (a wholly owned subsidiary) has made an application to the Re8istrar of companies forremovalofitsnamefromtheregisterofcompaniesforwhichtheapprovalisawaited.
• 8 Effective 1 April, 2018, the company and it's subsidiaries have adopted lnd As 115 ' Revenue from contracts with customers'' Based on the assessment done by the management, there is no material impact on the revenue recognised during the period.
• 9 Figures for the quarter ended 31 March, 2019 and the corresponding quarter ended in the previous year as reported in this financial result are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the ena of ttreiniia quarter of the relevant financial year. Also the figures upto the end of the third quarter had only been reviewed and not subjected to audit
• 10 The Board of Directors at its meeting held on 25 April, 2019 has recommended a dividend of { 2 50 per equity share'
• 11(a) Consequent to clarifications published by the lnstitute of Chartered Accountants of lndia (lCAl)' the amount of export incentive has been recognised as "other lncome" with effect from July 2018. ln earlier periods these amounts were reported under "other operatingRevenue,,inthestatementofProfitandLoss.ThishasnoimpactonreportedProfitBeforeTax(PBT).
• (b) The McA wide notification dated u october, 2018 has amended schedule lll to the companies Act' 2013 in respect of certain disclosures. The Company has incorporated appropriate changes in the above results'
• 12Theresultsofthecompanyareavailableforinvestorsatwww.rallis.co.in.www.nseindia.comandwww.bseindia.com.

For and on behalf of Rallls lndia Llmited

(\ \ \K'

SANMAt Managing Director & CEO

Olfice 1551157 l5th Floor Nariman Bhavan 227 Natiman Point Mumbai'Oo ⁰²¹ lel 91 22 C.{,65 27OO Fat 91 22 6665 2821 webtite www nllis co in Regd

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