TASHI INDIA LIMITED

CIN : L5'l 900MH1 985P1C036521 Regd. Office :lmambada Road, NAGPUR- 440 018 (MS) (lNDlA) Tete. : + 91 712 2720071 -75 Fax:0717- ^2723068 Emai[ :[email protected] Website: www.tashiindia.com

TtLtsE;Cl202t-2022119

Q2.09.2021

To, Listing ComPliance DePartment The BSE Limited The Comorate Relationship Department' .. i.,-er""i. N.* Trading Ring' Rotunda Building' P.J. Towers, Dalal Street, MUMBAI - ⁴⁰⁰⁰⁰¹

BSE SCRIP CODE : ⁵¹²²⁷¹

Dear Sir /Madam' .

PursuanttoRegulation34ofSEBI(LoDR)Regulations,'20l5weareenclosingherewiththe36th Annual Report of our company for the Financial Yex 2020-21 '

The Annual Report is available on the website of the Companv at www fashiindia com' Kindly consider this as due compliance "rn.g"i"ir", j+iii;;J"rh* uppti.uul. provisions' ifanv ofthe SEBI (Listing 6b[;;;t-il"oir.io.u" niq"i*,n*tij negulations' 20t s and acknowledge the recerpt'

You are requested to take the same on your records and tlo the needful at your end'

Thanking You

Yours SincerelY For Tashi India Limited

CompanY SecretarY

Encl as above:

36thANNUALREPORT202021

TASHI INDIA LIMITED

BOARD OF DIRECTORS

Shri Rohit Bajaj [DIN: 00511745]

Shri Sunil Bajaj [DIN: 00509786]

Shri Akshay Ranka [DIN: 00235788]

Shri Sunil Chandra Agrawal [DIN: 00511873]

Smt. Shweta Jejani [DIN: 07097052]

COMPANY SECRETARY & CHIEF FINANCIAL OFFICER Ms. Aarti Batra

AUDITORS

VMSS & ASSOCIATES Chartered Accountants, Kolkata

BANKERS Axis Bank Limited Civil Lines, Nagpur

R & T AGENT M /s. Adroit Corporate Services Private Limited 1st Floor, 19, Jaferbhoy Industrial Estate Makwana Road, Marol Naka Mumbai-400 059

REGISTERED OFFICE Imambada Road, Nagpur-440018 (Maharashtra)

TASHI INDIA LIMITED

N O T I C E

NOTICE is hereby given that the Thirty Sixth Annual General Meeting of the Shareholders of M/s TASHI INDIA LIMITED will be held on TUESDAY, the 28th Day of SEPTEMBER, 2021 at 02.30 P.M. at the Registered Office at Imambada Road, Nagpur- 440018 (Maharashtra) to transact the following business:

ORDINARY BUSINESS :-

1) To receive, consider and adopt the Audited Financial Statements (Including Audited Consolidated Financial Statements) of the company for the year ended 31st March, 2021 and Reports of the Auditors and Directors thereon.
2) To appoint a Director in place of Shri Rohit Bajaj (DIN: 00511745), who retires by rotation and being eligible offers himself for re-appointment.

Registered Office: By order of the Board, Imambada Road, For TASHI INDIA LTD. Nagpur-440018 (Maharashtra)

Place: Nagpur DIRECTOR Dated:02/09/2021 (DIN: 00235788)

1 2

AKSHAY RANKA

NOTES :

A Member entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy to attend and vote instead of himself and such proxy need not be a member. Proxies in order to be effective must be lodged at the Registered Office of the Company not later than 48 hours before the commencement of the Meeting.
The Register of Members and Share Transfer Books of the Company will remain closed from 18.09.2021 to 28.09.2021 (both days inclusive).
Members are requested to bring their copies of the Annual Report to the Meeting. They are also requested to avoid being accompanied by non-members and children.
Members are requested to notify immediately any change in their addresses quoting their Folio/Client ID No. to the Company's Registrars & Share Transfer Agents – M/s Adroit Corporate Services (P) Ltd. 1st Floor, 19/20 Jaferbhoy

TASHI INDIA LIMITED

Industrial Estate, Makwana Road, Marol Naka, Mumbai – 400 059 (Maharashtra) Tel : (022) 2859 0942/4442/4428/4060, E.mail: [email protected]

SEBI has mandated submission of PAN by every participant in securities market. Members holding shares in electronic form are, therefore, requested to submit the PAN to their respective

depository participants, where shares are held in electronic form. However, if shares are held in physical form, members are advised to register their email Ids with M/s Adroit Corporate Services (P) Ltd. at [email protected].

Members, who still hold shares in physical form are advised to dematerialise their shareholding to avail the numerous benefits of dematerialisation, which includes easy liquidity, ease of trading and transfer, savings in stamp duty and elimination of any possibility of loss of documents and bad deliveries.
Corporate members are requested to send in advance their duly certified copy of board resolution/power of attorney authorising their representative to attend the annual general meeting.
Members/proxies are requested to bring the attendance slip/proxy form duly filled and signed for attending the meeting.
proxies are requested to bring their ID proof at the meeting for the purpose of identification.
For security reasons, no article/baggage will be allowed at the venue of the meeting.

11 .Voting through Electronic Means :

In compliance with the provisions of Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014 and Regulation 44(1) of SEBI (Listing Obligations and Disclosure Requirements) 2015, the Company is pleased to provide members facility to exercise their right to vote at the 36th Annual General Meeting (AGM) by electronic means and the business may be transacted through e-voting services provided by Central Depository Services (India) Limited.

The instructions for members for voting electronically are as under :

• The e-voting period begins on 25.09.2021 (9.00 AM) and ends on 27.09.2021 (5.00 PM). During this period shareholders of the Company holding shares either in physical form or in dematerialized form, as on cut-off date of 17.09.2021 cast their vote electronically. The e-voting module shall be disabled by CDSL for voting thereafter. 3

In case of members receiving e-mail :

the shareholders should log on to the e-voting website www.evotingindia.com
Click on "Shareholders" tab.

Now enter your User ID

a. For CDSL : 16 digits beneficiary ID,
b. For NSDL : 8 Character DP ID followed by 8 Digits Client ID,
c. Members holding shares in Physical Form should enter Folio No. Registered with the Company.

(iv) Next enter the Image Verification as displayed and then Click on "Login".

(v) If you are holding shares in Demat Form and had logged on to www.evotingindia.com and voted on an earlier voting of any company, then your existing password is to be used.

(vi) If you are a first time user follow the steps given below :

	m b ol d i h s i h i l F M H S D F & P F at or em ers n g are n em or m ys ca or
N P A	E 1 0 d l ph P A N ed b I e T i gi eri c * i nt t ax er yo ur a a-n um ssu y nc om ( pl b l e f b h d sh eh ol d el l D A i rt nt ot at e pa me p ca or em ar ers a s w a s ph l sh h ol d ) i ys ca are ers
	b h o h pd ed h h h e C / 1 . M ei r P A N i ot at t t t em ers w av e n u w om pa n y ed h e f l D si y P i ci i t art nt est t t rst t et t e po or pa ar e r e qu o u se wo ers of h nd h d f h mb h ei e 8 i gi i t t t t t r n am e a s o e s e qu en ce nu er n e f el d P A N i
	h b s l h d h 2 I i 8 i gi t s t t nt t n ca se e s e qu en ce n um er es an s e er e pl b l b of 0' s b ef h b af h e f i i e t t t rst t wo a p ca e n um er or e n um er er ch of h l f e i C A P I T A L . E I e i ct t et t ara ers e n am n ers g. ou r n am s y R esh K h mb 1 h R A 0 0 0 0 0 0 0 1 wi t t t am um ar se qu en ce nu er en en er h A f el d i e P N i n t
i vi d d D en	E h e D d d B k D l r D f B h ( d d / / i vi ai i i nt t et at rt y er en an s o e o n mm y
k B an	f ) rd ed A h e C i D i t at t t y or ma as re co n yo ur em cco un or n om pa n
ai l D et s	d rd o l s i gi t rec or n o er o n.
O R D at e f h O B i rt ( ) D O B	f b h h e d l rd ed h h e d I ai i si ot t et t t t t s a re no re co w e po or y o r c om pa n y , l h b d / f ol b h d d b k P i i i e D i vi t t n t ea se en er e m em er o n um er en an d l s f el d ed ( ) ai i i i n i i i et t t ct as m en on ns ru on v

And voted on earlier voting of any company, then your existing password is to be used.

vi) if you are first time user, follow the steps given below :
(a) After entering these details appropriately, click on "SUBMIT" tab.
(b) Members holding shares in physical form will then directly reach the Company selection screen. However, members holding shares in demat form will now reach 'Password Creation' menu wherein they are required to mandatorily enter their login password in the new password field. Kindly note that this password is to be also used by the demat holders for voting for resolutions of any other company on which they are eligible to vote, provided that company opts for e-voting through CDSL platform. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential.
(c) For Members holding shares in physical form, the details can be used only for e-voting on the resolutions contained in this Notice.
(vii) Click on "Electronic Voting Sequence Number (EVSN) of "TASHI INDIA LIMITED". This will take you to the voting page.
(viii) On the voting page, you will see Resolution Description and against the same the option "YES/No" for voting. Select the option "YES" or "NO" as desired. The option "YES" implies that you assent to the Resolution and option "NO" implies that you dissent to the Resolution.
(ix) Click on the "Resolutions File Link". If you wish to view the entire Resolutions,
(x) After selecting the resolution you have decided to vote on, click on "SUBMIT". A confirmation box will be displayed. If you wish to confirm your vote, click on "OK" , else to change your vote, click on "CANCEL" and accordingly modify your vote.
(xi) Once you "CONFIRM" your vote on the resolution, you will not be allowed to modify your vote.

You can also take a print of the votes cast by clicking on "Click here to print" option on the Voting page.

(xii) If Demat account holder has forgotten the changed password then enter the User ID and the image verification Code & click on Forgot Password & enter the details as prompted by the system.

Shareholders can also cast their vote using CDSL's mobile app m-Voting available for android based mobiles. The m-Voting app can be downloaded from Google Play Store. Iphone and Windows phone users can download the App from the App store and the Windows Phone Store Respectively. Please follow the instructions as prompted by the mobile app while voting on your mobile.

(xiii) Note for Non Individual Shareholders and Custodians
1. Non- Individual shareholders (i.e. other than Individuals, HUF, NRI etc.) and Custodian are required to log on to www.evotingindia.com and register themselves as Corporates.

A scanned copy of the Registration Form bearing the stamp and sign of the entity should be emailed to [email protected].

1. After receiving the login details a Compliance User should be created using the admin login and password. The Compliance User would be able to link the account(s) for which they wish to vote on.
1. The list of accounts linked in the login should be mailed to [email protected] and on approval of the accounts they would be able to cast their vote.
1. A scanned copy of the Board Resolution and Power of Attorney (POA) which they have issued in favour of the Custodian, if any, should be uploaded in PDF format in the system for the scrutinizer to verify the same.

In case you have any queries or issues regarding e-voting, you may refer the Frequently Asked Questions ("FAQs") and e-voting manual available at www.evotingindia.com under help section or write an email to [email protected].

In addition to the E-voting facility as described above, the company shall make a voting facility available at the venue of the AGM, by way of ballot paper, Member may participate in the AGM even after exercising right to vote through e-voting as above but shall not be allowed to vote again at the AGM.Only such members attending the AGM who have not already cast their votes by e-voting shall be able to exercise their right to vote at the AGM. E-voting facility will not be made available at the AGM venue.

5 6

13. Voting Through Physical Ballot Form :

In terms of Clause 44 of the SEBI (Listing Obligation & Disclosure Requirements) Regulation, 2015 the members who do not have access to e-voting are requested to fill in the Physical Ballot Form enclosed with the Notice and submit the same in a sealed envelope to the Scrutinizer. Unsigned, incomplete or incorrectly ticked forms shall be rejected. The ballot must be received by the Scrutinizer on or before 27.09.2021 (5.00 PM). The Scrutinizer's decision on the validity of the forms will be final. Members are required to vote only through the electronic system or through ballot and in no other form. In the event a member casts his votes through both the processes, the votes in the electronic system would be considered and the ballot vote would be ignored.

M/s B.Chhawchharia & Co, Chartered Accountants, Nagpur, (Firm Registration No. 305123E) has been appointed as the Scrutinizer to scrutinize the e-voting process (including the physical ballots received from members who don't have access to the e-voting process) in a fair and transparent manner.

Since e-voting facility (including Ballot Forms) is provided to the Members pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Companies (Management and Administration) Rules, 2014, voting by show of hands will not be allowed in the meeting.

Registered Office : By order of the Board, Imambada Road, For TASHI INDIA LTD. Nagpur-440018 (Maharashtra)

Dated : 02/09/2021 DIRECTOR

Place: Nagpur AKSHAY RANKA (DIN: 00235788)

TASHI INDIA LIMITED TASHI INDIA LIMITED TASHI INDIA LIMITED DIRECTORS' REPORT

The Directors present their Thirty Sixth Annual Report and Audited Statement of Accounts for the year ended 31st March, 2021.

FINANCIAL RESULTS :

i l P art cu ar s	F Y 2 0 2 0- 2 1	F Y 2 0 1 9- 2 2 0
al T I ot e nc om	1 ,8 6 ,6 9 ,8 8 9 /-	2 ,8 7 ,1 8 ,7 3 3 /-
al T E ot e x pe ns	/- 1 ,7 3 ,5 7 ,4 5 4	/- 2 ,7 8 ,3 1 ,1 0 8
f ef P i B e T t ax ro or	/- 1 3 ,1 2 ,4 3 5	/- 8 ,8 7 ,6 2 5
L : C T t ax ess ur ren	/- 3 ,3 1 ,4 6 8	/- 2 ,4 4 ,0 1 4
ef ed L : D T ax ess err	( /- ) 2 3 ,5 7 ,5 6 2	/- 1 1 ,7 1 ,7 7 6
f af P i T t t ax ro er	3 3 ,3 8 2 9 /- ,5	( ,2 8 6 /- ) 5 ,1 5
O h C eh si I t er om pr en ve nc om e	1 ,0 8 ,1 1 ,2 9 2 /-	( 5 9 ,2 2 ,2 0 8 /- )
T al eh si I ot e co m pr en ve nc om	1 ,4 1 ,4 9 ,8 2 1 /-	( 6 4 ,5 0 ,3 7 3 /- )
h E i g P S arn n er are	1 9 .0 6	( ) 8 .6 9

DIVIDEND:

7 8

The Directors regret their inability to recommend any dividend for the year under review.

WORKING & PERFORMANCE :

The Performance of the company was satisfactory during the year under review. Your Company plans to take the performance to the next level by adopting modern ways and hence your Directors are confident of achieving better working results in the coming years.

EXTRACT OF ANNUAL RETURN :

The extract of Annual Return, in format MGT-9, for the Financial Year 2020-21 has been enclosed with this report.

NUMBER OF BOARD MEETINGS :

During the Financial Year 2019-20, Four (4) meetings of the Board of Directors of the Company were held i.e. on 25/06/2020, 07/08/2020, 09/11/2020 and 10/ 02/2021.

SEPARATE MEETING OF INDEPENDENT DIRECTORS :

During the year under review, a separate meeting of Independent Directors without the attendance of Non-Independent Directors and members of the Management, was held on 15th Day of March, 2021, as required under Schedule IV of the Companies Act, 2013 (Code for Independent Directors) read with Regulations 25(3) of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015.

The Independent Directors inter-alia reviewed the performance of the Non-Independent Directors, Chairman of the Company and the Board as a whole.

DECLARATION BY INDEPENDENT DIRECTORS :

The Company has received necessary declarations from all the Independent Directors of the Company Under Section 149(7) of the Companies Act, 2013, confirming that they meet the criteria of Independence laid down in Section 149(6) of the Companies Act, 2013.

DIRECTORS' RESPONSIBILITY STATEMENT:

In accordance with the provisions of Section 134(5) of the Companies Act, 2013,

Your Directors confirm that :

In the preparation of Annual Accounts for the financial year ended March 31, 2021, the applicable accounting standards have been followed along with proper explanation relating to material departures.
The Directors have selected such accounting policies and applied them consistently and made judgements 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 and of the profit and loss of the Company for that period.
The Directors have taken proper and sufficient care toward the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.
The Annual Accounts have been prepared on a going concern basis. The Directors have laid down internal financial controls, which are adequate and are operating effectively.
The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and such systems are adequate and operating effectively.

DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SECTION 143(12):

During the year under review, there were no frauds reported by the Statutory Auditors to the Audit Committee of the Board under section 143(12) of the Companies Act, 2013.

PUBLIC DEPOSITS :

The company being a Non-Banking Finance Company has not accepted any deposits from the public during the year under review and shall not accept any deposits from the public without obtaining prior approval of RBI.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES :

There are no related party transactions as referred under Section 188(1) of the Companies Act, 2013 for the Financial Year 2020 - 21.

SECRETARIAL AUDITOR :

9 10

The Board of Directors of the Company has appointed M/s. More Daliya & Associates, Practicing Company Secretaries, Nagpur, to conduct Secretarial Audit for the Financial Year 2020-21. The Secretarial Audit Report for the Financial Year ended on March 31, 2021 is annexed herewith to this Report.

The said report does not contain any qualification, reservation or adverse remark by the Secretarial Auditor.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

Particulars of loan, guarantee and investments, if any covered under Section 186 of the Companies Act, 2013 are given in notes to the Financial Statements provided in this Annual report.

CORPORATE SOCIAL RESPONSIBILITY POLICY:

Your Directors informed that the Company is not required to abide the provisions of Section 135 of the Companies Act, 2013 and Rules made thereunder and Regulation 15(2) of SEBI (Listing Obligation & Disclosure Requirement) Regulations 2015 in relation to the Corporate Social Responsibility as the Company is not covered under any of the conditions / criteria mentioned under Section 135 of the Companies Act, 2013 and SEBI (Listing Obligation & Disclosure Requirement) Regulations 2015.

BOARD EVALUATION :

The Companies Act 2013 states that a formal annual evaluation needs to be made by the Board and Schedule IV of the Companies Act 2013 states that the performance evaluation of Independent Directors shall be done by the entire Board of Directors, excluding the Director being evaluated. The evaluation of all the Directors and the Board as a whole was being conducted.

AUDIT COMMITTEE :

In terms of Section 177 of the Companies Act, 2013 read with Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014, the Audit Committee of the Board of Directors consisting of below mentioned Independent Directors :

(i) Mr. Akshay Ranka (DIN: 00235788) - Chairman (Independent Director) (ii) Mr. S.C.Agrawal (DIN: 00511873) - Member (Independent Director) (iii) Mrs. Shweta Jejani (DIN: 07097052)-Member (Independent Director) as a practice of good Corporate Governance. All the recommendations made by the Audit Committee were accepted by the Board.

NOMINATION & REMUNERATION COMMITTEE :

In terms of Section 178 of the Companies Act, 2013 read with Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014, the Company has constituted Nomination & Remuneration Committee of the Board of Directors consisting of below mentioned Independent Directors :

(i) Mr. Akshay Ranka (DIN: 00235788) Chairman (Independent Director)
(ii) Mr. S.C.Agrawal (DIN: 00511873) Member (Independent Director)
(iii) Mrs. Shweta Jejani (DIN: 07097052) Member (Independent Director)

as a practice of good Corporate Governance.

VIGIL MECHANISM :

The Vigil Mechanism of the Company, which also incorporates a whistle blower policy in terms of Section 177(9) of the Companies Act, 2013 and Regulation 22 of SEBI (Listing Obligation & Disclosure Requirement) Regulations, 2015, includes an Ethics comprising senior Executives of the Company. Protected disclosures can be made by a whistle blower through an e-mail or letter. The policy on vigil mechanism may be accessed on the Company's website at www.tashiindia.com.

CODE OF CONDUCT:

Your Directors informed that pursuant to provisions of Regulation 17(5) of SEBI (Listing Obligation & Disclosure requirement) Regulations, 2015 every Listed Company is under an obligation to adopt a policy on Code of Conduct for all the Members of the Board of Directors and Senior Management. As per the said Regulation, the Board of Directors adopted the Policy on code of conduct for all the Members of Board of Directors and Senior management of the Company.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, RESEARCH AND DEVELOPMENT:

Your Directors are of the opinion that with respect to conservation of energy and technology absorption as prescribed under Section 134(3)(m) of the Companies Act 2013 read with the Companies (Accounts) Rules, 2014 are not relevant in view of the nature of business activities of the Company and hence, are not required to be given.

FOREIGN EXCHANGE EARNINGS AND OUTGO:

During the year under review, there is no foreign exchange earning, outgo and expenditure.

DIRECTORS:

11 12

In view of the provisions of the Companies Act 2013, Shri Rohit Bajaj (DIN: 00511745) retires from the Board by rotation this year and being eligible, offers himself for re-appointment.

ASSOCIATE COMPANIES:

The Company is an Associate of M/S Rohit Techserve Limited (Formerly Known as Rohit Machines and Fabricators Limited) by virtue of section 2(6) of the Companies act, 2013 pursuant to Proviso to Section 129(3) of the Companies Act, 2013 statement containing the salient features of the financial statement of the Company's Associate is attached herewith.

CONSOLIDATED FINANCIAL STATEMENTS:

The Board of Directors also present the Audited Consolidated Financial Statements incorporating the duly audited financial statements of the Associate Company and as prepared in compliance with the Companies Act, 2013 and all other applicable provisions.

A separate statement containing the salient features of our associate Company in

the prescribed form AOC-1 is annexed.

LISTING OF SHARES:

The Shares of the Company continued to be listed on the Stock Exchange, Mumbai. The Company has paid the annual listing fee for the financial year 2020-2021.

The Equity Shares of the Company has the Electronic connectivity under ISIN No. INE552H01017 To provide service to the Shareholders, the Company has appointed M/s. Adroit Corporate Services Private Limited, 1st Floor, 19, Jaferbhoy Industrial Estate, Makwana Road, Marol Naka, Mumbai-400 059 as Registrar and Transfer Agent of the Company for existing physical based and allied Secretarial Services for its Members / Investors and for Electronic Connectivity with NSDL and CDSL.

STATUTORY AUDITORS AND AUDITORS' REPORT :

Pursuant to the provisions of section 139 of the Companies Act, 2013 and the rules made thereunder, the auditors of the Company M/s VMSS & Associates, Chartered Accountants, Kolkata (Firm Reg. No. 328952E), were appointed at the AGM of Financial Year 2016-17 by the shareholders for five years term to hold the office until the conclusion of the 37th Annual General Meeting.

The Auditor's Report on the Financial Statements of the Company for the Year ending 31st March, 2021 is unmodified i.e it does not contain any qualification, reservation or adverse remarks. The Auditor's report is enclosed with the Financial statement forming part of the Annual Report.

DETAILS OF SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS OR COURT OR TRIBUNAL:

During the year under review, there are no orders passed by any authorities which impacts the going concern status and company's operations in future.

INTERNAL FINANCIAL CONTROLS :

The Company has in place adequate internal financial controls with reference to financial statements. During the year, such controls were tested and no reportable material weakness in the design or operation was observed.

STATUTORY DISCLOSURES:

None of the Directors of your Company are disqualified as per the provisions of Section 164(2) of the Companies Act, 2013. Your Directors have made necessary disclosures, as required, under various provisions of the Companies Act, 2013 and SEBI LODR.

MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF THE COMPANY:

No material changes / events affecting the financial position of the Company occurred between the end of the financial year 31st March, 2021 till date of this report.

ACKNOWLEDGEMENT:

Your Directors are grateful to Bankers for their continued support, co-operation and assistance during the year. Your Directors express their thanks for the sincere and dedicated efforts put in by the workers, staff and officers during the year.

For and on behalf of the Board For TASHI INDIA LTD.

Registered Office: Imambada Road, Nagpur-440018 (Maharashtra)

13 14

	A A K S H A Y R A N K	S .C .A G R A W A L
l P N ac e: a g pu r	D I R E C T O R	R D I R E C T O
ed : 0 2 / 0 9 / 2 0 2 D 1 at	( ) : 0 0 2 3 7 8 8 D I N 5	( ) : 0 0 8 7 3 D I N 5 1 1

15 16

FORM NO. MGT - 9

EXTRACT OF ANNUAL RETURN (As on 31.03.2021

Pursuant to Section 92 (3) of the Companies Act, 2013 and Rule 12(1) of the Company (Management & Administration) Rules, 2014.

I. REGISTRATION & OTHER DETAILS:

1	d f C e I i i i rat t t on or po en ca b ( ) N C I N um er	L 5 1 9 0 0 M H 1 9 8 5 P L C 0 3 6 5 2 1
2	R gi i D st rat at e on e	h 0 7 J , 1 9 8 5 t un e
3	f h e C N t y am e o om pa n	D A S A T H I I N D I L I M I T E
4	/ ub of C S at t e go r -ca e go r y y h e C t om pa n y	D / P U B L I C L I M I T E D C O M P A N Y L I M I T E B Y S H A R E S
5	d d f h d A e R gi t st res ere s o e of f & d l i ai nt t et ce co ac s	I M A M B A D A R O A D , N A G P U R 4 4 0 0 1 8 – ( M ah h ) t ar as ra
6	W h h l i ed et st y er co m pa n	Y E S
7	d d N , A s & nt t am e res co ac & d l f h ai e R gi et t st s o e rar T sf A , i f nt ran er ge an y.	/ M s A D R O I T C O R P O R A T E S E R V I C E S l / P R I V A T E L I M I T E D 1 F 1 9 2 0 st oo r , J af erb h y I nd ri al E , M ak R d t st at o us e wa na oa , ol ak b 4 0 0 0 5 9 M N M ai ar a um – , ( ah h ) M t ar as ra

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY:

(All the business activities contributing 10 % or more of the total turnover of the company shall be stated)

S . N o.	nd cri i of N D pt am e a es on i od / i t ma n pr uc s se rv ce s	od f h N I C C t e e o d / vi P t ce ro uc ser	% al t o t ot t ur no ve r of h t y e c om pa n
1	e f l I i nt st n nc om ro m ere on oa	6 5 9 2 3	% 9 9 .6 3

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES -

S N o.	nd N am e a f D ri i pt esc on o	N C I N / G L	ol d H i / n g ub d / S si i ar y	% of S h are s el d H	pl l A i cab e p i t on sec
	i od / t ma n pr uc s vi ser ces		ci A at sso e
1	R O H I T	U 7 4 9 9 9 M H 1 9 8 5 P L C 0 3 5 7 7 4	A ci at sso e	4 8 .7 5 % ( T h e	S i 2 ( 6 ) ect on
	T E C H S E R V E		C om pa n y	C y om pa n	of
	D L I M I T E			% h ol d s 4 8 .7 5	C ni om pa es
	( erl y k F wn orm no			i t vo n g po we rs	A , 2 0 1 3 ct
	oh ach R i M i t as ne s			of oh R i t
	& F ab ri cat ors			T ech ser ve
	ed ) L i mi t			ed ) L i mi t
	A A d d A A D : I M M B
	R O A D , N A G P U R
	4 4 0 0 1 8
	( M ah sh ) t ara ra

TASHI INDIA LIMITED

IV. SHAREHOLDING PATTERN

(Equity Share Capital Breakup as Percentage of Total Equity) TASHI INDIA LIMITED - i) Category-wise Share Holding

Category of Shareholders			the year	No.of Shares held at the beginning of			year	No.of Shares held at the end of the	% Change
				% of Total				% of Total	during the
	Demat	Physical	Total	Shares	Demat	Physical	Total	Shares	year
A. Promoters
(1) Indian
a) Individual/HUF	54100	3100	57200	7.70	54100	3100	57200	7.70	0.00
b) Central Govt.	o	$\mathbf{o}$	$\circ$	0.00	$\circ$	$\mathbf{o}$	$\circ$	0.00	0.00
c) State Govt.	$\overline{O}$	$\overline{\mathbf{o}}$	$\overline{O}$	0.00	$\overline{\mathbf{o}}$	$\overline{0}$	$\overline{0}$	0.00	0.00
d) Bodies Corporates	$\mathbf{o}$	$\circ$	$\circ$	0.00	$\circ$	$\mathbf{o}$	$\circ$	0.00	0.00
e) Banks/Fl	o	$\Omega$	$\circ$	0.00	o	$\mathbf{o}$	o	0.00	0.00
				7.70				7.70	0.00 0.00
Sub Total: A(1)	54100	3100	57200		54100	3100	57200		0.00
									0.00
(2) Foreign a) NRI - Individuals	o	$\overline{O}$	$\circ$	0.00	0	$\mathbf{o}$	$\circ$	0.00	0.00
b) Other - Individuals	o	$\Omega$	$\circ$	0.00	o	$\mathbf{o}$	o	0.00	0.00
c) Bodies Corporates	$\circ$	$\Omega$	$\circ$	0.00	$\overline{0}$	$\mathbf{o}$	$\circ$	0.00	0.00
d) Banks/FI	$\circ$	$\overline{0}$	$\overline{O}$	0.00	$\overline{0}$	$\mathbf{o}$	$\overline{O}$	0.00	0.00
									0.00
Sub Total: A(2)	$\mathbf{o}$	$\mathbf{o}$	$\mathbf{o}$	0.00	$\mathbf{o}$	$\mathbf{o}$	o	0.00	0.00
									0.00
Total Shareholding of Promoters
$(A)=(A)(1)+(A)(2)$	54100	3100	57200	7.70	54100	3100	57200	7.70	0.00
									0.00
B. Public Shareholding									0.00
(1) Institutions									0.00
a) Mutual Funds	$\circ$ O	$\circ$ $\mathbf 0$	$\circ$ $\circ$	0.00 0.00	О $\circ$	$\circ$ $\mathbf o$	$\circ$ $\circ$	0.00 0.00	0.00 0.00
b) Banks/Fl c) Central Govt.	o	o	$\overline{\mathbf{o}}$	0.00	$\overline{\mathbf{o}}$	$\overline{0}$	o	0.00	0.00
d) State Govt.	$\mathbf O$	$\mathbf 0$	$\mathbf O$	0.00	$\circ$	$\mathbf{o}$	o	0.00	0.00
e) Venture Capital Funds	ō	$\overline{\mathbf{o}}$	$\overline{\circ}$	0.00	$\overline{o}$	ō	o	0.00	0.00
f) Insurance Companies	$\circ$	$\mathbf 0$	$\overline{O}$	0.00	$\circ$	$\mathbf{o}$	$\circ$	0.00	0.00
g) Fils	$\mathbf O$	$\circ$	$\mathbf O$	0.00	o	$\circ$	o	0.00	0.00
h) Foreign Venture Capital Funds	o	$\Omega$	$\circ$	0.00	$\circ$	$\circ$	$\circ$	0.00	0.00
i) Any Other (Specify)									0.00
									0.00
Sub Total: B(1)	o	$\mathbf{o}$	$\mathbf{o}$	0.00	$\Omega$	o	O	0.00	0.00
									0.00
(2) Non - Institutions									0.00
a) Bodies Corporates ai) Indian	147900	491900	639800	86.16	147900	491900	639800	86.16	0.00 0.00
aii) Overseas	o	$\circ$	$\Omega$	0.00	$\circ$	o	Ω	0.00	0.00
b) Individuals									0.00
bi) Individual Shareholders holding
nominal share capital upto Rs. 1
Lakh	6000	39500	45500	6.13	6000	39500	45500	6.13	0.00
bii) Individual Shareholders holding
nominal share capital in excess of Rs.
1 Lakh	o	$\mathbf{o}$	$\circ$	0.00	$\circ$	o	o	0.00	0.00
c) Any Other (Specify)									0.00
	153900	531400	685300		153900	531400	685300	92.30	0.00
Sub Total: B(2)				92.30					0.00 0.00
Total Public Shareholding
$(B)=(B)(1)+(B)(2)$	153900	531400	685300	92.30	153900		531400 685300	92.30	0.00
									0.00
C. Shares held by Custodian for
GDRs & ADRs									0.00
a) Promoter & Promoter Group	o	o	$\Omega$	0.00	$\overline{O}$	$\Omega$	$\Omega$	0.00	0.00
b) Public	$\overline{0}$	$\overline{0}$	$\overline{O}$	0.00	$\overline{O}$	$\overline{O}$	ō	0.00	0.00
									0.00
Sub Total: $(C)(1)$	o	$\mathbf{o}$	$\mathbf{o}$	0.00	$\bullet$	O	O	0.00	0.00
									0.00
Total Shareholding of Shares
held by Custodian for GDRs &
ADRs (C)=(C)(1)		o	o	0.00		o	o	0.00	0.00
						100.00 208000 534500 742500			0.00
Grand Total $(A + B + C)$		208000 534500 742500						100.00	0.00

IV SHAREHOLDING PATTERN (Equity Share Capital Breakup as Percentage of Total Equity)

17 18

TASHI INDIA LIMITED - Category-wise Share Holding

	during the year % Change	8.00	8.oo	8.00	8.00	8.00	8.00	8.00	8.00	8.00	0.00	8.00	0.00	8.00	0.00	$\frac{8}{10}$
	encumbered to total shares %of Shares Pledged /	0.00	0.00	$\frac{8}{2}$	0.00	0.00	0.00	$\frac{8}{2}$	$\frac{8}{10}$	0.00	0.00	0.00	0.00	0.00	$\frac{8}{2}$	8. 0.0
No. of Shares held at the end of the year	Shares of the % of total company	0.03	0.40	0.67	0.67	1.08	0.03	0.21	50	1.07	0.13	0.74	0.54	0.79	0.40	P.70
	No. of Shares	200	3000	4950	4950	8000	200	1550	7000	7950	1000	5500	4000	5900	3000	57200
	encumbered to total shares %of Shares Pledged /	0.00	8.00	$\frac{8}{2}$	0.00	0.00	80	$\frac{8}{2}$	0.00	0.00	0.00	0.00	80	0.00	$\overline{0.00}$	8.oo
No.of Shares held at the beginning of the year	Shares of the company % of total	0.03	0.40	0.67	0.67	1.08	0.03	0.21	0.94	1.07	0.13	0.74	0.54	0.79	0.40	7.70
	No. of Shares	200	3000	4950	4950	8000	200	1550	7000	7950	1000	5500	4000	5900	3000	57200
	Shareholder's Name	HARGOVIND BAJAJ	MR.GANGABISAN BAJAJ	KUSH BAJAJ	LAV BAJAJ	SMT.KUMKUM BAJAJ	VINOD BAJAJ	VARUN BAJAJ	SMT. BINA BAJAJ	SUNIL HARGOVIND BAJAJ	ROHIT SUNIL BAJAJ	ASHISH BAJAJ	KANIKA BAJAJ	SMT.SHAKUNTALA BAJAJ	GAYATRI BAJAJ	TOTAL
	SI No.	$\overline{\phantom{0}}$	$\sim$	$\mathbf{\omega}$	4	ഗ	م		$\infty$	ō	$\overline{a}$	$\overline{1}$	$\overline{12}$	$\overline{a}$	$\overline{a}$

TASHI INDIA LIMITED

(iii) Change in Promoters' Shareholding ( please specify, if there is no change)

Sl No.		Name of Promoter's	As On Date	No. of Shares	% of total shares of the company	No. of Shares	% of total shares of the company
1	At the beginning of the year Date wise Increase / Decrease in Promoters Share holding during the year At the End of the year			NIL

TASHI INDIA LIMITED

(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):

20 19

	For Each of the Top 10				No.of Shares held at the beginning of the year		Cumulative Shareholding during the year
SI No.	Shareholders	Name of Shareholder's	As On Date	No. of Shares	% of total shares of the company	No. of shares	% of total shares of the company
$\mathbf{1}$	At the beginning of the year	RIDHI VINIMAY PRIVATD LIMITED	01\04\2020	111000	14.95	111000	14.95
	Date wise Increase / Decrease in
	Share holding during the year At the End of the year		30/03/2021	NIL $\mathbf O$	NIL 0.00	111000	14.95

$\overline{\mathbf{z}}$	At the beginning of the year	SIDHI VINIMAY PRIVATE LIMITED	01\04\2020	111000	14.95	111000	14.95
	Date wise Increase / Decrease in Share holding during the year			NIL	NIL
	At the End of the year		30/03/2021	$\overline{\mathbf{o}}$	0.00	111000	14.95

з	At the beginning of the year	TWINSTAR PLASTICCOATS PVT LTD	01\04\2020	74000	9.97	74000	9.97
	Date wise Increase / Decrease in
	Share holding during the year			NIL	NIL
	At the End of the year		30/03/2021	$\Omega$	0.00	74000	9.97
4	At the beginning of the year	GLYCOSIC MERCHANTS PRIVATE LIMITED	01\04\2020	73900	9.95	73900	9.95
	Date wise Increase / Decrease in
	Share holding during the year			NIL	NIL
	At the End of the year		30/03/2021	$\circ$	0.00	73900	9.95
5	At the beginning of the year	M/S BAJAJ EXPORT.PVT.LTD	01\04\2020	58000	7.81	58000	7.81
	Date wise Increase / Decrease in Share holding during the year			NIL	NIL
	At the End of the year		30/03/2021	$\circ$	0.00	58000	7.81

6	At the beginning of the year Date wise Increase / Decrease in	ROHIT POLYTEX (P) LTD	01\04\2020	55000	7.41	55000	7.41
	Share holding during the year			NIL	NIL
	At the End of the year		30/03/2021	$\mathbf{o}$	0.00	55000	7.41

$\overline{ }$	At the beginning of the year Date wise Increase / Decrease in	ROHITTECHSERVE LTD	01\04\2020	26000	3.50	26000	3.50
	Share holding during the year			NIL	NIL
	At the End of the year		30/03/2021	$\mathbf{o}$	0.00	26000	3.50

8	At the beginning of the year Date wise Increase / Decrease in	PROSPEROUS FINANCE SERVICES LIMITED	01\04\2020	37000	4.98	37000	4.98
	Share holding during the year			NIL	NIL
	At the End of the year		30/03/2021	$\mathbf{o}$	0.00	37000	4.98
9	At the beginning of the year	AMPEE TEXTILES PVT. LTD	01\04\2020	24700	3.33	24700	3.33
	Date wise Increase / Decrease in
	Share holding during the year			NIL	NIL
	At the End of the year		30/03/2021	$\circ$	0.00	24700	3.33
10	At the beginning of the year	BAJAJ GLOBAL LIMITED	01\04\2020	37000	4.98	37000	4.98
	Date wise Increase / Decrease in
	Share holding during the year			NIL $\Omega$	NIL
	At the End of the year		30/03/2021		0.00	37000	4.98

(v) Shareholding of Directors and Key Managerial Personnel

				Shareholding at the beginning of the year		Cumulative Shareholding during the year
	Name of Shareholder's As On Date		No. of Shares	% of total shares of the company	No. of shares	% of total shares of the company

At the beginning of the year	Akshay Ranka	01/04/2019	≘	0.001	≘	0.001
Date wise Increase / Decrease in Share holding during the year			亖	兰	≢
At the End of the year		31/03/2020	≘	DOOI	≘	DOOD

At the beginning of the year	Rohit Bajaj	01/04/2019	1000	0.13	5000	$\frac{13}{2}$
Date wise Increase / Decrease in Share holding during the year			≣	≢	≢
At the End of the year		31/03/2020	1000	0.13	1000	$\frac{13}{2}$

At the beginning of the year	Sunil Bajaj	01/04/2019	7950	107	7950	101
Date wise Increase / Decrease in Share holding during the year			W	≢	≢
At the End of the year		31/03/2020	7950	107	7950	107

21 22

V. INDEBTEDNESS - Indebtedness of the Company including interest outstanding/ accrued but not due for payment.

nd eb ted h e b f I gi i at t ne ss e nn n g o e f al th i ci nan ye ar	red S L ecu oan s l ud i g exc n d si ts e po	ed U nse cur L oan s	D si ts e po	l T ota nd ted I eb ne ss
) pal i P ri nci A t mo un	l N i	/- 1 6 ,2 1 ,7 7 ,8 7 0	-	/- 1 6 ,2 1 ,7 7 ,8 7 0
) t d b d i i I pai nte ut t res ue no	-	-	-	-
i i i ) I ed b t d nte t ac ut ue res cru no	-	-	-	-
l ( ) T i+ i i+ i i i ota	l N i	1 6 ,2 1 ,7 7 ,8 7 0 /-	-	1 6 ,2 1 ,7 7 ,8 7 0 /-
h i nd eb ted ss d uri g th C n I e an ge ne n
f i ci al nan ye ar
d d * A i ti on	/- 1 3 ,3 7 ,3 0 ,6 5 7 .5 8	/- 4 ,4 1 ,4 4 ,4 3 2	-	/- 1 7 ,7 8 ,7 5 ,0 8 9 .5 8
* R ed i uct on	1 1 ,1 7 ,2 9 ,1 1 7 /-	1 3 ,1 1 ,7 2 ,1 1 0 /-	-	2 4 ,2 9 ,0 1 ,2 2 7 /-
h N et C an ge	2 ,2 0 ,0 1 ,5 4 0 .5 8	( ) 8 ,7 0 ,2 7 ,6 7 8 /-	-	( ) 6 ,5 0 ,2 6 ,1 3 7 .4 2 /-
nd eb ted t th nd of th I ne ss a e e e f i ci al nan ye ar
) P pal A i ri nci t mo un	2 ,2 0 ,0 1 ,5 4 0 .5 8	6 ,1 0 ,0 5 ,7 6 0 /-	-	8 ,3 0 ,0 7 ,3 0 0 .5 8
) t d b d i i I pai nte ut t res ue no	-	-	-	-
) ed b t d i i i I nte t ac ut res cru no ue	-	/- 1 ,4 1 ,4 4 ,4 3 2	-	/- 1 ,4 1 ,4 4 ,4 3 2
l ( i+ i i+ i i i ) T ota	2 ,2 0 ,0 1 ,5 4 0 .5 8	/- 7 ,5 1 ,5 0 ,1 9 2	-	1 9 ,7 1 ,5 1 ,7 3 2 .5 8

23 24

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL-

A. REMUNERATION TO MANAGING DIRECTOR, WHOLE-TIME DIRECTORS AND/ OR MANAGER:

S r.N o	cul of P i R ti art on ars em un era	f N M am e o ana ger	l T A ota t mo un
		i j j B B na a a
1	G al y ros s s ar	1 2 ,0 0 ,0 0 0 /-	1 2 ,0 0 ,0 0 0 /-
	( ) al ned S ovi si ai i ont n a ar y a s per pr on s c ti 1 7 ( 1 ) of th e I x A , 1 9 6 1 -ta ct on nco me sec
	( b ) al of / ( ) V i si s 1 7 2 I tes -ta x ue pe r qu u nco me A , 1 9 6 1 ct	-	-
	( ) rof n l of l nd ( ) P i ts i i ti 1 7 3 c eu sa ar y u er sec on I x A , 1 9 6 1 - ta ct nco me	-	-
2	S k O pti toc on	-	-
3	S at E i t y we qu
4	C mi ssi on om s % of of i t - a pr th f i y - o ers , s pec
5	th l f O i y ers , p eas e s pec	-	-
	l ( ) T A ota	2 ,0 0 ,0 0 0 /- 1	2 ,0 0 ,0 0 0 /- 1

B. REMUNERATION TO OTHER DIRECTORS :

S N	i l of i P R art t on cu ars em un era	f i N D t am e o rec ors	al T A ot t mo un
1	nd nd I D i t t e pe en rec ors
	f d g b rd F i i i at t t t et ee or en n oa co mm ee me n gs	-- N I L ---- --- --	- N I L - -- ---- ---
	C mi ssi on om
	O h l f ci t y ers , p eas e s pe
	al ( ) T 1 ot
2	h O N -E i D i t ut t er on xec ve rec ors
	f d g b rd F i i i at t t t et ee or en n oa co mm ee me n gs
	C mi ssi on om
	h l f O ci t y ers , p eas e s pe
	T al ( 2 ) ot	-- N I L ---- --- --	- N I L -- - ---- ---
	al ( )= ( 2 ) T B 1+ ot
	al al T M ri R i ot t on an a ge em un era
	ral l l h O C ei i e A r t ct ve n g a s pe

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MANAGING DIRECTOR / MANAGER / WHOLETIME DIRECTOR

S r.N o.	i l of i P R art t on cu ars em un era	ri K y M e an a ge	al l P ers on ne
		C S	O C F	al T ot
1	al G y ros s s ar	/- 3 ,5 8 ,3 8 4	A / N	3 ,5 8 ,3 8 4 /-
	( ) al d S i si ai t a ar y a s pe r pr ov on s c on ne ( ) of h i i 1 7 1 e I ect t e-t ax n s on nc om A , 1 9 6 1 ct
	( b ) V al of / s 1 7 ( 2 ) i si t ue pe r qu es u I A , 1 9 6 1 e-t ct nc om ax	-	-	-
	( ) rof n l of l nd P i s i i t c eu sa ar y u er ( ) i 1 7 3 I A , 1 9 6 1 t e-t ct sec on nc om ax	-	-	-
2	ock S O i t pt on	-	-	-
3	S E i at t y we qu
4	C mi ssi on om
	s % of of i t - a pr	-	-	-
	h f ci ot ers , s pe y.
5	h l f O ci t y ers , p eas e s pe	-	-	-
	T al ot	3 ,5 8 ,3 8 4 /-	A N /	3 ,5 8 ,3 8 4 /-

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES: -

T pe y	ef B ri ri i D pt on esc	l f D ai et s o al / P t en y sh P i / nt un me C d i g om po un n f sed i ees m po	h A ori ut t y [ / C / R D N L T C O U R T ]
A . C O M P A N Y
P al t y en
sh P i nt un me
C d i g om po un n
B . D I R E C T O R S
al P t y en
P i sh nt un me	----	N I L ---- ---- --- ----	---- ----
d C i g om po un n
C . O T H E R O F F I C E R S
I N D E F A U L T
al P t y en
P i sh nt un me
d C i g om po un n

Form No. MR-3 SECRETARIAL AUDIT REPORT FOR THE FINANCIAL YEAR ENDED 2019-20

[Pursuant to section 204(1) of the Companies Act, 2013 and Rule No.9 of the Companies (Appointment and Remuneration Personnel) Rules, 2014]

To, The Members, Tashi India Limited Imambada Road, Nagpur-440018 Maharshtra.

We have conducted the Secretarial Audit of the compliance of applicable statutory provisions for the Financial Year 2020-21 of M/sTashi India Limited(hereinafter called the "Company"), incorporated on 7thJune,1985 and having CIN-L51900MH1985PLC036521 and Registered office at Imambada Road, Nagpur-440018, Maharashtra.

Based on our verification of the books , papers, minutes books, forms, and returns filed by the Company and also information provided by the Company, agents, and authorised representative during the course of Secretarial Audit, we hereby report that in our opinion , the Company has, during the audit period covering the financial year ended on 31st March,2021 complied with the statutory provisions listed hereunder and also that the Company has proper Board processes and compliances-mechanism in place to the extent, in the manner and subject to the reporting made hereinafter:

We have examined the books, papers, minute books, forms, and returns filed and record maintained by the Company for the financial year ended on 31st March,2021 according to the applicable provisions of the

(i) The Companies Act, 2013 (the Act) and the rules made thereunder;
(ii) The Securities Contracts (Regulation) Act, 1956 ('SCRA') and the rules made thereunder;
(iii) The Depositories Act, 1996 and the Regulations and Bye-laws framed thereunder;
(iv) The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992 ('SEBI Act'):-
(a) The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015;
(b) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009; and amended on 2nd of February 2018;
(c) The Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999;
(d) The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008;
(e) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding the Companies Act and dealing with client;
(f) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations,2011;

(v) Other laws applicable to the Company as given below, we have relied on the compliance system prevailing in the Company and on the basis of information provided to us;

i) Reserve Bank of India Act,1934.

25 26

ii) Prevention of Money Laundering Act, 2002

We have also examined compliance with the applicable clauses of the following:

(i) Secretarial Standards issued by the Institute of Company Secretaries of India.
(ii) SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015.

During the period under review the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc. mentioned above subject to the following observations:

TASHI INDIA LIMITED

1. Promotors' Shareholdings are not fully dematerialized during the period under review. However,3100 Equity Shares of the company are yet to be Dematerialised during the period under review.

we further report that

The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors, Independent Directors and Women Directors. The changes in the composition of the Board of Directors that took place during the period under review were carried out in compliance with the provisions of the Companies Act,2013.

Adequate notice is given to all directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent at least seven days in advance, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting.

We further report that there are adequate systems andprocesses in the company commensurate with the size and operations of the company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.

For More Daliya and Associates, Company Secretaries

Place : Nagpur Date : 27.08.2021 Mangesh Mor e Partner Mem. No. 41540 CP No. 18055 UDIN : A041540C000842868

Note : This report is to be read with our letter of even date which is annexed as Annexure A and forms an integral part of this Report.

To,

The Members, Tashi India Limited

Secretarial Audit Report of even date is to be read along with this letter.

The compliance of provisions of all laws, rules, regulations, standards applicable to TashiIndia Limited (hereinafter called 'the TIL') is the responsibility of the management of the TIL. Our examination was limited to the verification of records and procedures on test check basis for the purpose of issue of the Secretarial Audit Report.

'ANNEXURE A'

1. Maintenance of secretarial and other records of applicable laws is the responsibility of the management of the TIL. Our responsibility is to issue Secretarial Audit Report, based on the audit of the relevant records maintained and furnished to us by the TIL, along with explanations where so required.
1. We have followed the audit practices and processes as were appropriate to obtain reasonable assurance about the correctness of the contents of the secretarial and other legal records, legal compliance mechanism and corporate conduct. The verification was done on test check basis to ensure that correct facts as reflected in secretarial and other records produced to us. We believe that the processes and practices we followed, provides a reasonable basis for our opinion for the purpose of issue of the Secretarial Audit Report.
1. We have not verified the correctness and appropriateness of financial records and Books of Accounts of the TIL.
1. Wherever required, we have obtained the management representation about list of applicable laws, compliance of laws, rules and regulations and major events during the audit period.
1. The Secretarial Audit Report is neither an assurance as to the future viability of the TIL nor of the efficacy or effectiveness with which the management has conducted the affairs of the TIL.

For More Daliya and Associates, Company Secretaries

Date : 27.08.2021 Place: Nagpur

27 28

Mangesh More Partner Mem. No. 41540 CP No. 18055 UDIN : A041540C000842868

AUDITORS' REPORT

To the Members of M/s TASHI INDIA LIMITED,

Report on the standalone Financial Statements

We have audited the accompanying standalone financial statements of M/s Tashi India Limited ('the Company'), which comprise the Balance Sheet as at 31 March 2021, the Statement of Profit and Loss (including Other Comprehensive Income), Statement of Changes in Equity and Statement of Cash Flow for the year then ended, and Notes to the financial statements, including a summary of significant accounting policies and other explanatory information.

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 ('Act') in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India including Indian Accounting Standards ('Ind AS') specified under section 133 of the Act, of the state of affairs (financial position) of the Company as at March 31, 2021, and Profit (financial performance including other comprehensive income), its cash flows and the changes in equity for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. 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 together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the 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.

Emphasis of Matter

We draw attention to Note No-37 of the financial statement, which describes the economic impact the company is facing due to outbreak of Corona Virus Disease (COVID-19).

However, our opinion is not modified in respect of this matter.

Key Audit Matters

29 30

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Standalone Financial Statements of the current period. These matters were addressed in the context of our audit of the Standalone Financial Statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report.

Principal Audit Procedures:

We have performed the following audit procedures in order to obtain sufficient audit evidence:

Evaluated the design of internal controls and tested the operating effectiveness of key internal controls around the process of preparation of the Standalone Financial Statements;
Reviewed the exemptions availed by the Company from certain requirements under Ind AS;
Obtained an understanding of the determination of key judgments;
Evaluated and tested the key assumptions and judgments adopted by management;
Assessed the disclosures made against the relevant Ind AS; and
Determined the appropriateness of the methodologies and models used along with the reasonability of the outputs.

Information other than the Financial Statements and Auditor's Report thereon

The Company's Board of Directors is responsible for the other information. The other information comprises the information included in the Annual 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.

In connection with our audit of the financial 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

TASHI INDIA LIMITED

31 32

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 state of affairs (financial position), profit or loss (financial performance including other comprehensive income), changes in equity and cash flows of the Company in accordance with the accounting principles generally accepted in India including the Ind AS specified under section 133 of the Act. 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 implementation and maintenance of 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 the financial 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, the Board of Directors 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 the Board of Directors 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 Responsibility for the Audit of the Standalone 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 these financial statements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism 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 Companies Act, 2013, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls system 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.

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.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Report on Other Legal and Regulatory Requirements

As required by the Companies (Auditor's Report) Order, 2016 ("the Order") issued by the Central Government of India in terms of sub-section (11) of section 143 of the Act, we give in the Annexure A, a statement on the matters specified in the paragraph 3 and 4 of the order.
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 loss (Including other comprehensive Income) and the cash flow statement dealt with by this Report are in agreement with the books of account;

(d) in our opinion, the aforesaid standalone financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014;

(e) on the basis of the written representations received from the directors as on 31 March 2021 taken on record by the Board of Directors, none of the directors is disqualified as on 31 March 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 over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate report in "Annexure B"; and

(g) 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 financial statements has, to the extent ascertainable, disclosed the impact of pending litigations on the financial position of the Company – Refer Note 28 to the financial statements;

ii. the Company does not have any material foreseeable losses on long term contracts including derivative contracts which would impact its financial position;

iii. there were no amounts which are required to be transferred to the Investor Education and Protection Fund by the Company

Place :NAGPUR. (CAMP) Date : 28th May, 2021

33 34

For VMSS & Associates Chartered Accountants Firm Registration No. 328952E

Aditya Sethia Partner Membership No. 311293 UDIN: 21311293AAAAHH7352

35 36

ANNEXURE – A TO THE AUDITORS' REPORT

Referred to in paragraph 1 of our Report of even date for the year ended 31st March, 2021.

(i) a) Proper records showing full particulars including quantitative details and situation of fixed assets are being updated by the company.
b) As explained to us, all the fixed assets except machinery in stock were physically verified during the year by the management. According to the information and explanations given to us, no material discrepancies were noticed on such verification.
c) According to the information and explanations given to us and on the basis of our examination of the records of the Company, the title deeds of immovable properties are held in the name of the Company.
(ii) There is no inventory in the Company.
(iii) The company has granted unsecured Loans to two Companies covered in the register Maintained under section 189 of the Companies Act, 2013 and in this respect:
a) In our opinion and according to the information and explanation given to us, the terms and condition of the grant of such loans are not prejudicial to the interest of the company.
b) In our opinion and according to the information and explanations given to us, the parties are regular in repayment of the principal amount and interest thereon.
c) As explain to us there is no overdue amount of loan.
(iv) In our opinion and according to the information and explanations given to us, the Company has complied with the provisions of section 185 and 186 of the Companies Act, 2013 in respect of loans, investments, guarantees and securities made by the company.
(v) In our opinion and according to the information and explanations given to us, the Company has not accepted any deposits within the meaning of Sections 73 to 76 of the Companies Act, 2013 Act and the Companies (Acceptance of Deposits) Rules, 2014 (as Amended).
(vi) In view of the activities of the Company maintenance of cost records under Section 148(1) of the Companies Act, 2013 is not applicable.
(vii) In our opinion and according to the information and explanations given to us:
a) The Company is generally regular in depositing undisputed statutory dues including Provident Fund, Employees' State Insurance, Income Tax, Sales Tax (Including GST), Service Tax, Wealth Tax, Custom Duty, Excise Duty, Cess and other statutory dues, as applicable, with the appropriate authorities.
b) according to the infomration an explanation given to us, there are no dues of sales tax, Income tax , customs duty, wealth tax service tax, excise duty, GST & CESS except as details below, against which appeal is prefered before the deputy commissioner of sales tax appeal, Nagpur.

N of h t am e e S t at ut e	N of D at ure ue s	A t mo un	P eri od	F h or um ere w d i e i t s pu s
S al T ax es & A , 1 9 5 6 ct M V A T A ct , 2 0 0 2	C S d A T V T an	3 0 8 5 /- 6 9	F Y -2 0 0 5- 2 0 0 6	C mi ssi om on er of S al T ax es ( A al ) p pe
S al T ax es & A , 1 9 5 6 ct M V A T A ct , 2 0 0 2	d C S T V A T an	8 8 4 0 0 /- 6	-2 0 0 F Y 6- 2 0 0 7	mi ssi C om on er of S al T ax es ( A al ) p pe

viii) The company has not taken any loans from Financial Institutions or Banks or Debenture holders.
(ix) The Company did not raise any money by way of initial public offer or further public offer (including debt instruments) and term loans during the year under review.
x) According to the information and explanations given to us and to the best of our knowledge and belief, no fraud on or by the Company has been noticed or reported during the year.
xi) According to the information and explanations give to us and based on our examination of the records of the Company, the Company has paid/provided for managerial remuneration in accordance with the requisite approvals mandated by the provisions of section 197 read with Schedule V to the Act.
xii) In our opinion and according to the information and explanations given to us, the Company is not a Nidhi company.
xiii) According to the information and explanations given to us and based on our examination of the records of the Company, transactions with the related parties are in compliance with sections 177 and 188 of the Act and the details of such transactions have been disclosed in the financial statements as required by the applicable accounting standards.
xiv) According to the information and explanations give to us and based on our examination of the records of the Company, the Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year.
xv) According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not entered into non-cash transactions with directors or persons connected with him.
xvi) The Company is a Non-Banking Financial Company and is registered under section 45-IA of the Reserve Bank of India Act, 1934. For VMSS & Associates Chartered Accountants

Place :NAGPUR. (CAMP) Date : 28th May, 2021

Firm Registration No. 328952E

Aditya Sethia Partner Membership No. 311293 UDIN: 21311293AAAAHH7352

ANNEXURE – B TO THE AUDITORS' REPORT

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 ("the Act")

We have audited the internal financial controls over financial reporting of M/s Tashi India Limited ("the Company") as of 31 March 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 over financial reporting criteria 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 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 Companies Act, 2013.

Auditors' Responsibility

37 38

Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the "Guidance Note") and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting 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 system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial 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 system over financial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A company's internal financial control over financial reporting is a process designed to provide reasonable assurance 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 over financial reporting 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 preparation of financial 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 the financial statements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, 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 over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Opinion

IIn our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31 March 2021, (subject to Note No.37 of the financial statement) based on the internal control over financial reporting criteria 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 issued by the Institute of Chartered Accountants of India.

Place :NAGPUR. (CAMP) Date : 28th May, 2021

For VMSS & Associates Chartered Accountants Firm Registration No. 328952E

Aditya Sethia Partner Membership No. 311293 UDIN: 21311293AAAAHG1885

TASHI INDIA LIMITED BALANCE SHEET AS AT 31ST MARCH, 2021

				( in l ) acs
lar Par ticu s		No te N o.	AS AT	AS AT
			31. 03. 202 1	31. 03. 202 0
AS SE TS
l A 1Fi cia ts nan sse
ash d c ash alen - C uiv ts an eq		3	7.2 6	71 3.9 2
- B ank ba lan oth han sh & c er t ce ca	ash uiv alen ts eq	4	31 4.0 0	2 97. 05
Re cei vab les
rad ble -T e R iva ece s		5	18 .70	2 1.0 8
L oan s		6	,43 6.6 1 4	,38 2.2 8 1
In tme nts ves		7	32 1.3 1	1 75. 18
the al A O r F ina nci ts sse		8	0.2 2	0 .22
fin ial 2 N As set on- anc s
C (N ) ent tax sets et urr as		9	38 .47	4 5.7 1
efe d t (Ne ) D Ass ets t rre ax		1 0	(7 ) .32	7.0 9
lan d e P qui ert t an ent rop y, p pm		1 1	68 .56	6 9.3 1
O the r N Fin ial Ass ets on- anc		1 2	6.1 0	6 .10
To	tal As set s		2 ,20 3.9 3	2 ,71 7.9 3
LIA BIL ITI ES AN D E QU ITY
1 F ina nci al liab ilit ies
ble P aya s
( ) T rad ble i e P aya s
- D of Mic rise ent ues ro erp s an - D of Cre dito the r th ues rs o an	d S ll E ises nte ma rpr Mic rise d ent ro erp s an		-	-
all Sm Ent rise erp s
( ) B ii in orr ow gs		1 3	971 .52	1 ,62 1.7 8
( iii ) O the r F ina nci al L iab iliti es		1 4	6.4 2	2 .11
2 N Fin ial Lia bil itie on anc s
P isio rov ns		1 5	5. 75	5 .53
O the Fin ial bili r N Lia ties on- anc		1 6	12 .94	2 2.5 0
3 E qui t y
har tal E qui y S api t e c		1 7	74 .25	7 4.2 5
O the r E qui t y		1 8	1 ,13 3.0 5	99 1.7 7
Tot al E qui t	nd Lia bil itie y a s		2 ,20 3.9 3	2 ,71 7.9 3
Cor for & Si fica In tion gni ate por ma th e fi A in ote s to cco mp any g n nan	Acc g P olic tin ies nt oun cial sta tem ent s	1 & 2 3 to 38
In f ou t of dat term s o r re por ev en e a	hed he ith ttac rew
SS & ocia For VM Ass tes. Cha ed A rter ntan ts ccou Firm gist rati o. 3 289 52E Re on N
Adi ya S ethi t a Par tner mb ersh i o-31 129 3 Me p N UD IN:2 131 129 3AA AA HG 188 5	KA SHA Y R AK AN ECT OR DIR (DI 002 357 88 ) N:	S.C. AG RAW AL CTO R D IRE (D 005 118 IN:	73 ) SEC	i Ba Art tra COM PAN Y O ARY /CF RET

PLACE: NAGPUR(Camp) DATE : 28th June, 2021

TASHI INDIA LIMITED

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH, 2021

						( in l ) acs
	AS AT	AS AT		N e N ot o.	2 0 1 9- 2 0 2 0	2 0 1 8- 2 0 1 9
	31. 03. 202 1	31. 03. 202 0
			e f tio Rev enu rom op era ns	1 9
			Int st I ere nco me		18 6.0 1	2 53. 99
			ide nd Div Inc om e		0.6 9	5 .20
			tal e f tio To Rev enu rom op era ns		186 .70	25 9.1 9
			Oth Inc e er om	2 0	-	28. 00

			al I Tot nco me		186 .70	28 7.1 9
			Ex pen ses
			Fin e C ost anc s	2 1	14 5.6 7	2 13. 54
			Ch es i n I ries nto ang nve	2 2	-	30 .40
			plo nef Em Be its Ex se yee pen	2 3	15 .30	1 4.6 2
			& De cia tion Am iza tion Ex ort pre pen ses	2 4	0. 75	0 .79
			Oth Ex er pen ses	2 5	11 .85	1 8.9 6
			al E Tot xpe nse s		17 3.5 7	2 78. 31
			Pro fit bef Ex al I s & Ta tion tem ore cep x		13 .12	8.8 8
			l It Les s: E pti xce ona em s		-	-
			fit bef Pro Ta ore x		13. 12	8.8 8
			Tax Ex pen se:	2 6
			(a ) C Ta ent urr x		3.3 1	2 .44
			(b ) D efe d T ax rre		(23 .58 )	11 .72
					(20 ) .26	14 .16
			fit / (Lo ss) Aft Pro Tax er		33 .39	(5 .28 )
			Oth hen siv e i er com pre nco me
			th ill n ot b clas sifi ed fit los Ite at w to ms e re pro or s han fair lue of - C in E qui y In t stru nts ges me va		6.1 14 0	(8 ) 0.0 3
			- T Ex ela ab tin ite g to ax pen se r ove ms		(37 .99 )	20 .81
			al O the hen e/ (Ex se) Tot r C siv e In om pre com pen		108 .11	(5 ) 9.2 2

			To tal hen siv e i / (Lo ss) for th com pre nco me e y ear rof oth hen it siv e in		14 1.5 0	(6 4.5 0 )
			(P / l e) + oss er c om pre com Ear nin uit har e	2 7	19 .06	(8 .69 )
			gs per eq y s Bas ic & Di lut ed
			for fica olic Cor In tion & Si Acc tin ies ate nt	1 & 2
			gni g P por ma oun Acc yin th e fi cia l st ote s to ate nts om pan g n nan me	3 to 38
			In f ou t of dat hed he ith term ttac s o r re ev en e a rew
			por SS & ocia For VM Ass tes. Cha ed A rter ntan ts ccou Firm gist rati o. 3 289 52E Re on N
			KA Adi ya S ethi AK SHA Y R AN t a	S.C. AG	RAW AL	Art i Ba tra
			Par DIR ECT OR tner Me mb ersh i p N o-31 129 3 (DI N: 002 357 88 ) UD IN:2 131 129 3AA AA HG 188 5 (Ca ) th M PLA CE: NA GPU R DA TE : 28 202 1 mp ay,	D IRE (D IN: 005	CTO R 118 73 )	COM PAN Y O SEC RET ARY /CF
4 1			4 2

TASHI INDIA LIMITED

CASHFLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2021

					3 1 .0 3 .2 0 2	3 1 .0 3 .2 0 2 0 1

		A.	CA SH FLO OM O AT ING AC W FR PER TIV ITI X & NE T P RO FIT BE FO RE TA	ES
			EX TR A O RD INA RY IT EM S		13 .12	8.8 8
			AD JUS TE D F OR
			FA IR VA LU E I MP AC T O F I NV EST ME NT S		10 8.1 1	(5 ) 9.2 2
	Arti Batra		DE PR EC IAT ION		0. 75	0 .79
	SECRETARY/CFO COMPANY		OP ER AT ING PR OF IT BEF OR E
			WO RK ING CA PIT AL CH AN GE S		12 1.9 9	(4 ) 9.5 6
			N CH AN GE S I
			TR AD E & OT HE R R EC EIV AB LES		2.3 8	6 .52
			LO AN S A ND AD VA NC ES		(5 4.3 6 )	30 8.3 3
			TR AD E P AY AB LE S		(5 .24 )	( 2.2 1 )
	(DIN: 00511873) S.C.AGRAWAL DIRECTOR		INV EN TO RIE S		-	30 .40
			CA SH GE NE RA TE D F OR OP ER AT ION S		64 .77	29 3.4 8
			EC ES / P RO VIS ION DIR T T AX W RIT TE N B	AC K	.91 41	(3 1.3 6 )
			NE T C AS H F RO M OP ER AT ING AC TIV ITI	ES	10 6.6 8	2 62. 12
		B.	CA SH FLO W FR OM IN VE ST ING AC TIV ITI	ES
			AS SET S W RIT TE N O FF		-	1.4 0
			/ (SA ) O (IN PU RC HA SE LE F S HA RE S VE STM	) EN TS	(1 ) 46. 13	80 .03
	AKSHAY RANKA (DIN: 00235788) DIRECTOR		(Inc lud Val of ) in g F air Inv estm ent ue
			NE T C AS H U SED IN IN VE STI NG AC TIV ITI	ES	(1 ) 46. 13	81 .43
		C.	CA SH FLO W FR OM FI NA NC ING AC TIV ITI	ES
			PR OC EED S F RO M SH OR T /LO NG TE RM BO	RR OW ING S	(6 50. 26 )	7.0 1
	PLACE: NAGPUR(Camp) DATE : 28thMay, 2021		NE T C AS HF LO W FR OM FI NA NC ING AC TIV	ITI ES	(6 50. 26 )	7.0 1
		NE	T C HA NG ES IN CA SH & CA SH E QU IVA LE	NT S (A+ B+ C )	(6 89. 71 )	35 0.5 5
		CA	SH & CA SH E QU IVA LE NT S-O PE NIN G B AL	AN CE	1 ,01 0.9 7	66 0.4 1
		CA	SH & CA SH E QU IVA LE NT S-C LO SIN G B AL	AN CE	32 1.2 6	1 ,01 0.9 7
					(6 ) 89. 71	35 0.5 5
		For V Char	MSS & A ssoci ates AK tered Acc ount ants	KA SH AY R AN	S. C.	AG RA WA L
	UDIN:21311293AAAAHH7352 Firm Registration No. 328952E Membership No-311293 For VMSS & Associates. Chartered Accountants Aditya Sethia	Firm Adit	Reg istra tion No. 3289 52E ethia ya S	Di tor rec	Di	tor rec
	Partner	Partn Mem UDI	er bers hip 3112 93 No. N:21 3112 93AA AAH G188 5	AR TI	A BA TR
		Place Date	: Na (Ca mp) gpur 28th : D ate : May , 202 1	Co mp any	Se y / CF tar cre	O
4 3				4 4

Firm Registration No. 328952E For VMSS & Associates. Chartered Accountants
Aditya Sethia	AKSHAY RANKA	S.C.AGRAWAL	Arti Batra

NOTES TO THE FINANCIAL STATEMENTS

1.CORPORATE INFORMATION

Tashi India Limited ("the Company") is a public limited company domiciled and incorporated in India and its shares are publicly traded on the Bombay Stock Exchange ("BSE"). The registered office of the company is situated at Imambada Road, Nagpur – 440 018.

The principal business activities of the company is lending of loans. The Company is non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) with effect from 20th day of April, 1998.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.1 Basis of preparation

The financial statements (Separate financial statements) have been prepared on accrual basis in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 and the provisions of the Companies Act, 2013.

The financial statements have been prepared on a historical cost basis, except for certain financial assets and liabilities which have been measured at fair value (refer accounting policy regarding financial instruments).

The financial statements are presented in Indian Rupees ("INR" or "`") and all amounts are rounded to the nearest lacs, except as stated otherwise.

2.2 Estimates and Judgements

The preparation of the financial statements in conformity with Ind AS requires management to make estimates, judgments and assumptions. These estimates, judgments and assumptions effect the application of accounting policies and the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the period. Application of accounting policies that require critical accounting estimates involving complex and subjective judgments and the use of assumptions in these financial statements have been disclosed in note 2.3(a). Accounting estimates could change from period to period. Actual results may differ from those estimates. Appropriate changes in estimates are made as management becomes aware of changes in circumstances surrounding the estimates. Changes in estimates are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the financial statements.

2.3 Presentation of financial statements

The Company presents its Balance Sheet in order of liquidity.

The Company generally reports financial assets and financial liabilities on a gross basis in the Balance Sheet. They are offset and reported net only when Ind AS specifically permits the same or it has an unconditional legally enforceable right to offset the recognised amounts without being contingent on a future event. Similarly, the Company offsets incomes and expenses and reports the same on a net basis when permitted by Ind AS specifically unless they are material in nature.

This note provides a list of the significant accounting policies adopted in the preparation of these financial statements.

These policies have been consistently applied to all the years presented, unless otherwise stated.

(A) Income

(i) Interest Income

The Company recognises interest income using Effective Interest Rate (EIR) on all The Company recognises interest income using Effective Interest Rate (EIR) on all financial assets subsequently measured at amortised cost or fair value through other comprehensive income (FVOCI). EIR is calculated by considering all costs and incomes attributable to acquisition of a financial asset or assumption of a financial liability and it represents a rate that exactly discounts estimated future cash payments/receipts through the expected life of the financial asset/financial liability to the gross carrying amount of a financial asset or to the amortised cost of a financial liability.

(ii) Dividend income

45 46

Dividend income on equity shares is recognised when the Company's right to receive the payment is established, which is generally when shareholders approve the dividend.

(iii) Other revenue from operations

Other revenue from operations is accounted for on accrual basis except, where the receipt of income is uncertain. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured, regardless of when the payment is received. Revenue is measured at the fair value of the consideration received or receivable, taking into account contractually defined terms of payment and excluding taxes, duties or other charges collected on behalf of the government/authorities.

(IV) Other Income

Other Income is accounted for on accrual basis except, where the receipt of income is uncertain.

(B) Expenditures

(i) Finance costs

Borrowing costs on financial liabilities are recognised using the EIR.

(II) Employee benefits

Short Term employee benefits

Liabilities for wages, salaries and other employee benefits that are expected to be settled within twelve months of rendering the service by the employees are classified as short term employee benefits. Such short term employee benefits are measured at the amounts expected to be paid when the liabilities are settled

(III) Taxes

Current Tax

The current tax expense for the period is determined as the amount of tax payable in respect of taxable income for the period, based on the applicable income tax rates.

Current tax relating to items recognised in other comprehensive income or equity is recognised in other comprehensive income or equity, respectively.

Deferred Tax

Deferred tax is provided using the liability method on temporary differences be-

tween the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes at the reporting date.

Deferred tax liabilities are recognised for all taxable temporary differences. Deferred tax assets are recognised for all deductible temporary differences and, the carry forward of unused tax credits and any unused tax losses. Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, the carry forward of unused tax credits and unused tax losses can be utilised.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realised or the liability is settled, based on tax rates (and tax laws) that have been enacted at the reporting date.

Deferred tax relating to items recognised in other comprehensive income or equity is recognised in other comprehensive income or equity, respectively.

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.

(C ) ASSETS AND LIABILITIES

47 48

(i) Provisions, Contingent Liabilities and Contingent Assets

A provision is recognised when the company has present determined obligations as a result of past events and an outflow of resources embodying economic benefits will be required to settle the obligations. Provisions are recognised at the best estimate of the expenditure required to settle the present obligation at the balance sheet date.

If the effect of the time value of money is material, provisions are discounted using a current pre tax rate that reflects, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.

A Contingent liability is not recognised but disclosed in the notes to the accounts, unless the probability of an outflow of resources is remote.

A contingent asset is generally neither recognised nor disclosed.

(ii) Earnings per share

The Basic earnings per share (EPS) is calculated by dividing the net profit or loss for the year attributable to the equity shareholders by the weighted average number of equity shares outstanding during the year.

For the purpose of calculating Diluted earnings per share, the net profit or loss for the year attributable to the equity shareholders and the weighted average number of equity shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

(iii) Cash and Cash Equivalent

Cash and cash equivalent in the balance sheet comprise cash at banks and on hand and short-term deposits maturing within twelve months from the date of balance Sheet, which are subject to an insignificant risk of changes in value. Bank overdrafts are shown under borrowings in the balance sheet.

(iv) Financial Instruments

A. Financial Instruments - Initial recognition and measurement

A financial instrument is defined as any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Trade receivables and payables, loan receivables, investments in securities and subsidiaries, debt securities and other borrowings, preferential and equity capital etc. are some examples of financial instruments.

Financial assets and financial liabilities are recognised in the company's statement of financial position when the company becomes a party to the contractual provisions of the instrument. The company determines the classification of its financial assets and liabilities at initial recognition. All financial assets are recognised initially at fair value plus, in the case of financial assets not recorded at fair value through profit or loss, transaction costs that are attributable to the acquisition of the financial asset.

B.1. Financial assets –Subsequent measurement

The Subsequent measurement of financial assets depends on their classification which is as follows:

a. Financial assets at fair value through profit or loss
a. Financial assets at fair value through profit or loss

Financial assets at fair value through profit and loss include financial assets held for sale in the near term and those designated upon initial recognition at fair value through profit or loss.

b. Financial assets measured at amortised cost

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Trade receivables generally do not carry any interest and are stated at their nominal value as reduced by appropriate allowance for estimated irrecoverable amounts based on the ageing of the receivables balance and historical experience. Additionally, a large number of minor receivables are grouped into homogenous groups and assessed for impairment collectively. Individual trade receivables are written off when management deems them not to be collectible.

c. Financial assets at fair value through OCI

All equity investments, except investments in subsidiaries, joint ventures and associates, falling within the scope of Ind AS 109, are measured at fair value through Other Comprehensive Income (OCI). The company makes an irrevocable election on an instrument by instrument basis to present in other comprehensive income subsequent changes in the fair value. The classification is made on initial recognition and is irrevocable.

If the company decides to designate an equity instrument at fair value through OCI, then all fair value changes on the instrument, excluding dividends, are recognized in the OCI.

B.2. Financial assets –Derecognition

49 50

The company derecognises a financial asset when the contractual rights to the cash flows from the assets expire or it transfers the financial asset and substantially all the risks and rewards of ownership of the asset.

Upon derecognition of equity instruments designated at fair value through OCI, the associated fair value changes of that equity instrument is transferred from OCI to Retained Earnings.

C. Investment in subsidiaries, joint ventures and associates

Investments made by the company in subsidiaries, joint ventures and associates are measured at cost in the separate financial statements of the company.

D.1. Financial liabilities –Subsequent measurement

The Subsequent measurement of financial liabilities depends on their classification which is as follows:

a. Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit or loss include financial liabilities held for trading, if any.

b. Financial liabilities measured at amortised cost

Financial liabilities include liabilities that represent a contractual obligation to deliver cash or another financial assets to another entity, or a contract that may or will be settled in the entities own equity instruments. Few examples of financial liabilities are trade payables, debt securities and other borrowings and subordinated debts.

Interest bearing loans and borrowings taken by the company are subsequently measured at amortised cost using the effective interest rate method (EIR). Amortised cost is calculated by taking into account any discount or premium on acquisition and fee or costs that are integral part of the EIR. The EIR amortised is included in finance costs in the statement of profit and loss.

D.2. Financial liabilities –Derecognition

A financial liability is derecognised when the obligation under the liability is discharged or expires.

E. Offsetting financial instruments

Financial assets and financial liabilities are offset and the net amount reported in the statement of financial position, if and only if, there is a currently enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis, or to realise the assets and settle the liabilities simultaneously.

F. Fair value measurement

The company measures certain financial instruments at fair value at each reporting date. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on presumption that the transaction to sell the asset or transfer the liability takes place either:

In the principal market for the assets or liability or

In the absence of a principal market, in the most advantageous market for the asset or liability.

The principal or the most advantageous market must be accessible to the company.

The company uses valuation technique that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs.

(v) Property, Plant and Equipment

51 52

Property, plant and equipment are carried at historical cost of acquisition less accumulated depreciation and impairment losses, consistent with the criteria specified in Ind AS 16 'Property, Plant and Equipment'.

The cost of an item of property, plant and equipment comprises of its purchase price, any costs directly attributable to its acquisition, borrowing costs (wherever applicable). Subsequent costs are included in the asset's carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the company and the cost of the item can be measured reliably. All other repairs and maintenance are charged to profit or loss during the reporting period in which they are incurred.

Depreciation on property, plant and equipment is calculated using Written Down Value method.

An item of property, plant and equipment and any significant part initially recognised is derecognised upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included under other income in the Statement of Profit and Loss when the asset is derecognised. The residual values, useful lives and methods of depreciation of property, plant and equipment are reviewed at each financial year end and adjusted prospectively, if appropriate.

The useful lives have been determined based on technical evaluation done by the managemen^t's experts, which is same as the lives as specified by Schedule II to

the Companies Act, 2013. The residual values are not more than 5% of the original cost/deemed cost of the asset. The asset' residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.

(vi) Impairment of non-financial assets

An assessment is done at each Balance Sheet date to ascertain whether there is any indication that an asset may be impaired. If any such indication exists, an estimate of the recoverable amount of asset is determined. If the carrying value of relevant asset is higher than the recoverable amount, the carrying value is written down accordingly.

(vii) Non-current assets held for sale

Non-current assets are classified as held for sale if their carrying amount will be recovered principally through a sale transaction rather than through continuing use and a sale is considered highly probable. They are measured at the lower of their carrying amount and fair value less costs to sell.

Non-current assets classified as held for sale and their related liabilities are presented separately in the balance sheet. Non-current assets are not depreciated or amortised while they are classified as held for sale.

(vii) Inventories

Stock in trade is valued at lower of cost and net realizable value.

Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make the sale.

(viii) Exceptional items

Exceptional items refer to items of income or expense within statement of profit and loss from ordinary activities which are non-recurring and are of such size, nature or incidence that their separate disclosure is considered necessary to explain the performance of the company.

(ix) Impairment of assets

The company assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any indication exists, or when annual impairment testing for an asset is required, the company estimates the asset's recoverable amount. An asset's recoverable amount is the higher of an asset's or cashgenerating unit's (CGU) fair value less costs of disposal and its value in use. Recoverable amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount.

In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. In determining fair value less costs of disposal, recent market transactions are taken into account. If no such transactions can be identified, an appropriate valuation model is used.

Impairment losses of continuing operations, including impairment on inventories, are recognised in the statement of profit and loss.

2.3 (a) Critical accounting estimates and judgements

The preparation of the Company's financial statements requires Management to make use of estimates and judgments. In view of the inherent uncertainties and a level of subjectivity involved in measurement of items, it is possible that the outcomes in the subsequent financial years could differ from those on which the Management's estimates are based. Accounting estimates and judgments are used in various line items in the financial statements for e.g.:

Business model assessment
Fair value of financial instruments
Effective Interest Rate (EIR)
Impairment on financial assets
Provisions and other contingent liabilities
Provision for tax expenses

53 54

• Residual value and useful life of property, plant and equipment

N O	T E S T O T H E A C C O U N T S …… ……	A S A T 3 1 .0 3 .2 0 2 1	A S A T 3 1 .0 3 .2 0 2 0
3	C A S H A N D C A S H E Q U I V A L E N T S al th ank B wi B anc es s :
	I n C A ent t urr cco un	3 .7 9	1 2 9 .3 9
	xed I n F i D si t A t e po cco un	-	5 8 3 .1 7
	h n h and C i e qu es	2 .4 7	-
	ash n-h and C -i	1 .0 0	1 .3 6
		7 .2 6	7 1 3 .9 2
4	N B A N K B A L A N C E O T H E R T H A C A S H & C A S H E Q U I V A L E N T S
	F i xed D si t A ( P l ed ged ) t un e po cco	3 1 4 .0 0	2 9 7 .0 5
		3 1 4 .0 0	2 9 7 .0 5
5	A C A B S T R D E R E E I V L E
	( U ed , C si d d G ood l h i ted ) ot sta nse cur on ere un ess erw se D f th si h ont ue or mo re an x m s
	- S red ecu	-	-
	- U ed (* ) nse cur	1 8 .7 0	2 0 .8 3
	O th ers	-	0 .2 5
		1 8 .7 0	2 1 .0 8
	(* ) f ted ab l sh D L i mi L i i i y P i t art p ue rom ner h ch mb i i D i tor n w rec s a re me ers
6	L O A N S
	( ed d d od ) U nsi nse cur co ere go yab l and -[ nd ] L s R n D I n I i oan e pa e o em a	1 ,4 3 6 .6 4	1 ,3 8 2 .2 8
		1 ,4 3 6 .6 4	1 ,3 8 2 .2 8

* Due from Private Company in which directors/Partners are interested. ** Valued at Amortised Cost.

	T A S H I I N D I	A L I M I T E D				T A S H I I N D I	A L I M I T	E D
	3 1 .0 3 .2 0 2 1	3 1 .0 3 .2 0 2 0	O S O C C O S N T E T T H E A U N T …… ……		S A 3 .0 3 1	A T .2 0 2 1	3 1	S A A T .0 3 .2 0 2 0
			7 INV EST ME NT S	Fac e lue Va	No . of Sh are s	As at 31. 03. 202 1	No . of Sh s 3 are	As at 1.0 3.2 020
			[In In dia ]		No s.		No s.
			(A ) A t fa ir v alu e th gh oth hen siv e in rou er c om pre	e com
			Oth ers
	.2 6 7	3 .9 2 7 1	In f ull aid har f C E qui y S ies t y p up es o om pan
			d: Qu ote
			lob al L ted Ba ja j G imi	1 0	750 00	0. 75	750 00	2.2 5
			Sha rda ed Is Li mit pat	10	100 0	0.5 1	100 0	0.3 1
			Rel al L ted ian Ca pit imi ce	1 0	250	0.0 3	250	0.0 1
	3 1 4 .0 0	2 9 7 .0 5	Rel ted ian Com nic atio n L imi ce mu	5	500 0	0.0 8	500 0	0.0 3
			Rel iac e In fra Lim ited stru ctu re	1 0	375	0.1 3	375	0.0 4
			Rel Pow er L ted ian imi ce Rel ted ian Ho Fin e L imi ce me anc	10 1 0	125 0 250	0.0 5 0.0 1	125 0 250	0.0 2 0.0 0
			(Re cd. der hem f D er) Un sc e o em erg
			ed (inc lud har es) Ba ja j A Li mit 100 0 B s S uto es onu	10	200 0	73 .43	200 0	40 .50
			Pri Jo hns Lim ited sm on	1 0	200 00	26 .27	200 00	6.0 8
			Inf s L ted (In clu des 20 00 Bon Sha ) imi osy us res	5	320 0	43 .77	320 0	20 .49
	1 8 .7 0	2 1 .0 8	old and ed Ba ja j H in In Li mit tme nts gs ves ed Ba ins Li mit	10 5	100 0 110 0	32 .92 10 6.3 5	100 0 110 0	18 .00 50 .49
			ja j F erv pol Pla ted Wo in stic s L imi	1 0	441 00		441 00	22 .05
						- 28 4.3 1		1 60. 26
			(B ) A rtis ed (Hi rica l C ) t a t sto ost mo cos ted Un quo :
			As iate Co any soc mp Roh ech ited it T Lim ser ve	100	195 00	37 .00	195 00	37 .00

			Les s: P isio n f dim inu tion in rov or			37 .00 -		3 7.0 0 22 .08
	1 ,4 3 6 .6 4	1 ,3 8 2 .2 8	val of Inv estm ent ue s
						3 21. 31		17 5.1 8
			of d A unt ote ggr eag e a mo ou			2 84. 31		13 8.1 8
			inv & Ma rke t V alu e th off estm ent ere A of ted unt ggr eag e a mo un ouo			37 .00		3 7.0 0
			alu e th off inv & Fai r V estm ent ere
			8 OT HE R F INA NC IAL AS SET S
			De its pos			0.2 2		0 .22
						0.2 2		0 .22
			9 CU RR EN T T AX AS SET S (NE T ) dva d r efu nda ble Tax atio			38. 47		4 5.7 1
			n a nce an (Ne t of s) ovi sion pr
						38. 47		4 5.7 1
			1 0 DE FER RE D T AX AS SET S - N ET
			ferr ed s/ (Lia bili ) re lati De Tax As ties set to ng d A - F ixe ts sse			1.6 4		1 .62
			- In tme nts ves			(8 .96 )		5.4 7
						(7 .32 )		7.0 9

5 5				5 6

NOTES TO THE ACCOUNTS……	11 - PROPERTY, PLANT & EQUIPMENT

			GROSS BLOCK		DEPRECIATION		NET BLOCK
DESCRIPTION OF ASSETS	01.04.2020 As at	(Deduction) Addition/	31.03.2021 As at	31.03.2020 Up to	(Adjustments) For the year/	31.03.2021 Up to	1.03.2021 As at	31.03.2020 As at
OFFICE BUILDING TANGIBLE	17.37	-	17.37	1.62	0.75	2.37	15.00	15.75
COMPUTER	0.04	-	0.04	-	-	-	0.04	0.04
AIR CONDITIONERS	0.19	-	0.19	-	-	-	0.19	0.19
FURNITURE & FIXTURES	0.64	-	0.64	-	-	-	0.64	0.64
MACHINERIES IN STOCK (*)	52.70	-	52.70	-	-	-	52.70	52.70
TOTAL	70.93	-	70.93	1.62	0.75	2.37	68.56	-
PREVIOUS YEAR	72.33	(1.40)	70.93	0.83	0.79	1.62		69.31

(*) No Depreciation is being provided, since not put to use.

57 58

N	O T E T O T H E A C C O U N T S	A t s a 3 1 .0 3 .2 0 2 1	A t s a 3 1 .0 3 .2 0 2 0
1 2	O T H E R N O N- F I N A N C I A L A S S E T S ( ed d d od ) U nsi nse cur , co ere go al th uth B i G A ori ti ent anc e w ove rnm es d f f l g f A i i van ce or n ees	6 .0 5 0 .0 5 6 .1 0	6 .0 5 0 .0 5 6 .1 0
1 3	O O G S B R R W I N : [ nd i ] I n I a i sed A t am ort st co D ) A S E C U R E yab l n d d L R oan e pa e o em an A X S ank ted -O d raf F I B L i mi t L i mi t rom ver ( S red b pl ed of xed ) i n F i D si t R i rta pts ecu y ge ce e po ece	2 2 0 .0 2	-
	D ) B U N S E C U R E yab l n d and L R oan e pa e o em el d F R rti ate rom pa es	7 5 1 .5 0 9 7 1 .5 2	1 ,6 2 1 .7 8 1 ,6 2 1 .7 8
1 4	O T H E R F I N A N C I A L L I A B I L I T I E S th ab l O L i i i ti er es	6 .4 2 6 .4 2	2 .1 1 2 .1 1
	N O N F I N A N C I A L L I A B I L I T I E S
1 5	P R O V I S I O N S C i t P i si gai S d ard A ont nst tan ts n gen rov on a sse	5 .7 5 .7 5 5	5 .3 3 .3 3 5
6 1	O O C S T H E R N N- F I N A N I A L L I A B I L I T I E d ed ed T uct at ax sou rce A d l f f l gai snt at van ce a sa e o O th ab l L i i i ti er es	1 1 .9 4 1 .0 0 0 .0 0 1 2 .9 4	2 1 .5 0 1 .0 0 0 .0 0 2 2 .5 0

N O T E T O T H E A C C O U N T S	A t s a	A t s a
	3 1 .0 3 .2 0 2 1	3 .0 3 .2 0 2 0 1

Y 1 7 E Q U I T S H A R E C A P I T A L uth sed A ori :
1 0 0 0 0 0 0 E i h f 1 0 /- ch t qu y s are s o ea	1 0 0 .0 0	1 0 0 .0 0
I ed , S ub i b ed d P ai d ssu scr an u p :
h f /- ch f ul l d 7 4 2 5 0 0 E i 1 0 pai t qu y s are s o ea y u p	7 4 .2 5	7 4 .2 5
	7 4 .2 5	7 4 .2 5

a) Details of shareholders holding more than 5%

of the Equity Shares in the company:

f S h h ol d N am e o are er	N os.	% h ol d i n g	N os.	% h ol d i g n
B E P L td j j rts vt. a a x po	5 8 ,0 0 0	7 .8 1	5 8 ,0 0 0	7 .8 1
oh ol td R i t P x L yte	5 5 ,0 0 0	7 .4 1	5 5 ,0 0 0	7 .4 1
l td T wi P i ts P L nst ast vt. ar coa	7 4 ,0 0 0	9 .9 7	7 4 ,0 0 0	9 .9 7
G l h td si c M s P L ant vt. yco erc	3 ,9 0 0 7	9 .9 5	3 ,9 0 0 7	9 .9 5
R i d h i V i ni y P L td vt. ma	1 1 1 ,0 0 0	1 4 .9 5	1 1 1 ,0 0 0	1 4 .9 5
d h td S i i V i ni y P L vt. ma	1 1 1 ,0 0 0	1 4 .9 5	1 1 1 ,0 0 0	1 4 .9 5

Term /Rights attached to Equity Shares

b] "The company has only one class of equity shares having a par value of 10/- per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting."In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. "The distribution will be in proportion to the number of equity shares held by the shareholders."

		A t s a	A t s a
1 8	O T H E R E Q U I T Y	3 1 .0 3 .2 0 2 1	3 1 .0 3 .2 0 2 0

	S ri ti i P R ecu es rem um ese rve	4 9 .5 0	4 9 .5 0
	R F d ( A R G d el ) B I ui i ese rve un s per nes
	al h A L B e S ast eet s per anc	4 6 .1 6	4 6 .1 6
	A d d :- T sf er f P rof i d L A t an t ran rom oss cco un	6 .6 8	-
		5 2 .8 4	4 6 .1 6
	pl h of rof d S i P i L n t tat ent t an ur us e s em oss
	B al l A ast t anc e a s per cco un	8 0 9 .6 7	8 1 5 .4 0

T A S H I	I N D I A L I M I T E D		T A S H I I N D I	A L I M I T E D
	A t s a 1 2	rof t f th P i or e yea r L : A pri ati ess p pro on s	3 3 .3 9	( .2 8 ) 5
	3 .0 3 .2 0 0	C t P ard s S d ard A i i si ont tow tan ts n gen rov on sse	( 0 .2 2 )	( 0 .4 5 )
		sf d T R F to ran er ese rve un	( ) 6 .6 8	-
			8 3 6 .1 5	8 0 9 .6 7
		l ned T R i E i ota eta arn n gs	8 8 8 .9 9	8 5 5 .8 2
		E i y I R t est nt qu nv me ese rve
.2 5	7 4 .2 5	A l A ast t s per cco un	8 6 .4 5	1 4 5 .6 7
		C h n f al of i ai i y i t nst ent an ges r v ue e qu rum s ned eal L : T sf R i E i i i to eta sat ess ran er arn n gs u po n r on	0 8 1 .1 1 -	( 9 .2 2 ) 5 -
		T O T A L	1 9 4 .5 6	8 6 .4 5
			3 3 .0 1 ,1 5	9 9 1 .7 7
		of N R atu re ese rve s

Securities Premium

Security Premium reserve is used to record the premium on issue of shares. The reserve is utilised in accordance with the provisions of the Companies Act, 2013.

Reserve Fund (As per RBI Guidelines)

This reserve represents statutory provision as per RBI guidelines.

Equity Investment Reserve

59 60

This reserve represents the cumulative gains and losses arising on the revaluation of equity instruments measured at fair value through other comprehensive income, net off amounts reclassified to retained earnings when those assets have been disposed off.

N	O T E T O T H E A C C O U N T S	2 0 2 0- 2 0 2 1	2 0 1 9- 2 0 2 0

1 9	R E V E N U E F R O M O P E R A T I O N S
	I n L nte t -o res oan s	1 3 4 .9 6	2 0 4 .2 0
	xed F i D si ts on e po	4 9 .8 0	4 8 .6 0
	th O on ers	1 .2 5	1 .1 9
	d end D i vi I nco me	0 .6 9	5 .2 0
		1 8 6 .7 0	2 5 9 .1 9
2 0	O T H E R I N C O M E
	al l S e-F ats	-	2 8 .0 0
		-	2 8 .0 0

2 1	C C O S S F I N A N E T I nte t : res
	- O n L oan s	1 4 1 .5 3	2 1 2 .6 7
	- O th ers	4 .1 4	0 .8 7
		.6 1 4 5 7	2 3 1 .5 4

2 2	C H A N G E S I N I N V E N T O R I E S
	rad ed ood T G s
	k O i g S toc pen n :
	d al l R esi i F ent ats	-	3 0 .4 0
		-	3 0 .4 0
	l k L : C osi g S toc ess n :
	d al l R esi i F ent ats	-	-
		-	-
		-	3 0 .4 0
2 3	E M P L O Y E E B E N E F I T E X P E N S E S
	S al o E pl y t ar m o yee s	1 5 .3 0	1 4 .6 2

		1 5 .3 0	1 4 .6 2
2 4	C A O & A O A O X S S D E P R E I T I N M R T I Z T I N E P E N E
	D ci ati rel ati g t e pre on n o-
	- P y P l & E i t ant ent ro per qu pm s	0 .7 5	0 .7 9

		0 .7 5	0 .7 9
2 5	O T H E R E X P E N S E S
	d & xh b A ti E i i ti E ent ver sem on x pen ses	0 9 .4	0 .6 0
	el l nd T i C rav n g a onv e yan ce	1 .2 4	1 .3 5
	P ri nti g & S i tat y n on ar	0 .3 8	0 .4 9
	and ( oth ) R pai M ai nte e rs nan ce ers	0 .6 5	1 .3 1
	el ph T E e one x pen ses f f O i E	0 .5 9 1 .4 1	0 .5 1 2 .1 2
	ce x pen ses gal rof al h L & P i C e ess on ar	0 .6 2	1 .7 2
	ges ud A i s' R ti tor em un era on :
	ud F S y A i tat uto t or r	0 .5 9	0 .5 9
	ud F T A i t or ax	-	0 .2 4
	l ud F I A i nte t or rna	0 .1 8	0 .1 8
	th F O S i or er erv ces	0 .3 8	0 .3 3
	L i sti g F n ees l I t & P nte t	3 .5 4 0 .0 2	3 .5 4 1 .0 7
	res ena y I b l e B al i f f ( N ) tte et rre cov era anc es wr n o	-	1 .4 2
	F i xed A ri f f ts w tte n o sse	-	1 .4 0

T A S H I I N D I	A L I M I T E D			T A S H I I N D I	A L I M I T E D
		l l M i sce ane ou	s E x pen ses	1 .7 8	2 .1 0
				1 1 .8 5	1 8 .9 6
		2 6 T A X E X P E N S	E S
5 .6 7	2 1 3 .5 4	C ent ta x urr
		I T nco me ax		3 .4 0	2 .5 0
		I T A nco me ax	d j ust nts me	( ) 0 .0 9	( ) 0 .0 6
				3 .3 1	2 .4 4
		D ef ed T err ax
		D ef ed T err ax		( 2 3 .5 8 )	1 1 .7 2
-	3 0 0 .4			( 2 0 .2 6 )	1 4 .1 6

(i) The major components of tax expense for the years ended 31 March 2021 and 31 March 2020 are:

	2 0 2 0 - 2 0 2 1	2 0 1 9 - 2 0 2 0
C T ent urr ax:
f C ent ta t urr x e x pen ses or cur ren yea r	3 .4 0	2 .5 0
od C i ni pri i ent ta rta g t urr x e x pen ses pe n o or per s	( ) 0 .0 9	( 6 ) 0 .0
	3 .3 1	2 .4 4
ef ed D ta err x	( 2 3 .5 8 )	1 1 .7 2
l d h of of r l T i i ota ta rte n t tat ent t o x e x pen se re po e s em pr oss	( ) 2 0 .2 6	1 4 .1 6

(ii)The reconciliation of estimated income tax expense at statutory income tax rate to income tax expenses reported in statement of profit and loss is as follows:

	2 0 2 0 - 2 0 2 1	2 0 1 9 - 2 0 2 0

rof t b ef P i i ta ore nco me xes	1 3 .1 2	8 .8 8
A y i t st atu tor ta ate nco me x r	2 6 %	% 2 6
ted E I T x pec nco me ax ex pen ses	3 .4 1	2 .3 1

Tax effects of adjusments to reconcile expected income tax expense to reported income tax expense

N d ed i b l f ( N ) uct tax et on pen or pu r po e e x ses ses d oth h ead I pt nco me un er er s - exe m od T tai pri i g t ax per n o or per s O th ( ) N et ers	0 .0 1 - ( ) 0 .0 9 ( 2 3 9 ) .5	0 .8 7 ( 1 .3 5 ) ( ) 0 .0 6 2 .3 9 1
l T I T ota nco me ax ex pen ses	( ) 2 0 .2 6	1 4 .1 6

61 62

(iii) Significant components of net deferred tax assets and liabilities for the year ended on 31st March, 2021 is as follows:

	O i g pen n al B anc e	R i sed / eco gn ed rev ers th gh rof P i t rou and L oss	sed / R i eco gn ed th i rev ers n o er h i com pre ens ve i me nco	l C osi g n B al e anc
xed F i A ts sse	1 .6 2	0 .0 2	-	1 .6 4
I est nts nv me	5 .4 7	( 1 4 .4 3 )	-	( 8 .9 6 )
th O ers	-	3 7 .9 9	( ) 3 7 .9 9	-
ef ed N et D T A ts err ax sse	7 .0 9	2 3 .5 8	( ) 3 7 .9 9	( ) 7 .3 2

Significant components of net deferred tax assets and liabilities for the year ended on 31st March, 2020 is as follows:

		sed / R i eco gn	R i sed / eco gn
	O i g pen n al B anc e	ed rev ers th gh P rof i t rou and L oss	ed th i rev ers n o er h i com pre ens ve i nco me	C l osi g n al B anc e
ef ed el D T A ts i ati to: err ax sse n r on
xed F i A ts sse	1 .4 2	0 .2 0	-	1 .6 2
I est nts nv me	( ) 3 .4 2	8 .8 9	-	5 .4 7
O th ers	-	( 2 0 .8 1 )	2 0 .8 1	-
ef ed N et D T A ts err ax sse	( ) 2 .0 0	( ) 1 1 .7 2	2 0 .8 1	7 .0 9

NOTES TO THE ACCOUNTS…………

27 EARNINGS PER SHARE

The ''Earnings per share (EPS)'' has been calculated as specified in IND AS-33 on " Earning per share" prescribed by Companies (Accounting Standards) Rules, 2015 and related disclosures are as below,

	2 0 2 0 - 2 0 2 1	2 0 1 9 - 2 0 2 0
al cul nd l d sh F C ati g B asi D i rni ute or n c a ea n g per are
) rof b uab l y h ol d of th P i ttri i ts a e to t a e qu ers e c om pan y	1 4 1 .5 0	( 6 ) 4 .5 0
b ) W gh ted mb of h sed ei i t av era ge nu er e qu y s are s u as th e d al cul ( ) mi i ati g E P S N nat eno or n c n os.	7 .4 3	7 .4 3
) nd l d [ / b ] B asi D i E P S ute c c a a	1 9 .0 6	( ) 8 .6 9

( in lacs)

28 COMMITMENTS AND CONTINGENCIES

Contingent liabilities

t l ab l ( d ed f ) f C i i i i ti vi i ont t t o n gen es no pro or n r es pec :-	2 0 2 0- 2 0 2 1	2 0 1 9- 2 0 2 0
	( n l ) i acs	( n l ) i acs
) al S T a es ax	1 8 .2 5	1 8 .2 5
b ) I T nco me ax	3 .8 8	3 .8 8

29 FINANCIAL INSTRUMENTS

63 64

29.1 Financial Instruments by category

The carrying value of financial instruments by categories as on 31st March, 2021 were as follows:

P i cul art ars	N ote ef R ere nce	al F ai rV ue th gh rou rof P i t & L oss	al F ai r V ue th gh rou O C I	A mo sed rti C ost	l T ota yi g car r n val ue	l T ota F ai r V al ue
al F i ci A ts nan sse
C ash d sh i val ent an ca e qu s -	3	-	-	7 .2 6	7 .2 6	7 .2 6
ank b al th th h B anc e o er an cas -
sh val & i ent ca e qu s	4			3 1 4 .0 0	3 1 4 .0 0	3 1 4 .0 0
i vab l R ece es		-
rad vab l -T e R i ece es	5	-	-	1 8 .7 0	1 8 .7 0	1 8 .7 0
-O th vab l R i er ece es	6	-	-	-	-	-
L oan s	6	-	-	1 ,4 3 6 .6 4	1 ,4 3 6 .6 4	1 ,4 3 6 .6 4
I est nts nv me	7	-	2 8 4 .3 1	3 7 .0 0	3 2 1 .3 1	3 2 1 .3 1
th al O F i ci A ts er nan sse	8	-	-	0 .2 2	0 .2 2	0 .2 2
T l F i ci al A ota ts nan sse		-	2 8 4 .3 1	1 ,8 1 3 .8 2	2 ,0 9 8 .1 2
al ab l F i ci L i i i ti nan es
B i orr ow n gs	1 3	-	-	9 7 1 .5 2	9 7 1 .5 2	9 7 1 .5 2
O th f i ci al l i ab i l i ti er nan es	1 4	-	-	6 .4 2	6 .4 2	6 .4 2
l al ab l T F i ci L i i i ti ota nan es		-	-	9 7 7 .9 4	9 7 7 .9 4

The carrying value of financial instruments by categories as on 31st March, 2020 were as follows:

					(	in l ) acs
P i cul art ars	N ote ef R ere nce	al F ai rV ue th gh rou rof P i t & L oss	al F ai r V ue th gh rou O C I	A mo sed rti C ost	l T ota yi g car r n val ue	l T ota F ai r al V ue
i ci al F A ts nan sse
ash d sh val C i ent an ca e qu s -	3	-	-	7 1 3 .9 2	7 1 3 .9 2	7 1 3 .9 2
B ank b al th th h anc e o er an cas -
sh val & i ent ca e qu s	4			2 9 7 .0 5	2 9 7 .0 5	2 9 7 .0 5
l R i vab ece es		-	-	-	-	-
rad vab l -T e R i ece es	5	-		2 .0 8 1
O th R i vab l er ece es -	6	-	-	-	-	-
L oan s	6	-	-	1 ,3 8 2 .2	8 1 ,3 8 2 .2 8	1 ,3 8 2 .2 8
I est nts nv me	7	-	1 3 8 .1 8	3 7 .0 0	1 7 5 .1 8	1 7 5 .1 8
O th al F i ci A ts er nan sse	8	-	-	0 .2 2	0 .2 2	0 .2 2
	-	-
l al T F i ci A ota ts nan sse F i ci al L i ab i l i ti nan es		-	1 3 8 .1 8	2 ,4 5 1 .5	5 2 ,5 6 8 .6 5
B i orr ow n gs	1 3	-	-	1 ,6 2 1 .7	8 1 ,6 2 1 .7 8	1 ,6 2 1 .7 8
th f al l ab l O i ci i i i ti er nan es	1 4	-	-	2 .1 1	2 .1 1	2 .1 1
T l F i ci al L i ab i l i ti ota nan es		-	-	1 ,6 2 3 .8	8 1 ,6 2 3 .8 8

Management estimations and assumptions

b) The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. The following methods and assumptions were used to estimate the fair values:

(i) The fair values of the quoted shares and unquoted mutual funds are based on NAVs at the reporting date.
(ii) The fair values of the unquoted equity shares have been determined based on certifications from valuers who have used Book Value approach for determining the fair values.

29.2 Fair value hierarchy

h e f ol l ab l h T i g t ts t ow n e pre sen	e f al h rch ai i r v ue era	f nd l ab l i i i ti set y o as s a es	red f al ai at me asu r v ue
g b rri asi on a r ecu n s :			( in l ) acs

P cul i art ars	N ote	F ai al end of th ent at r v ue me asu rem e od / ti i si g re por n g per yea r u n
A n 3 h , 2 0 2 1 st M 1 s o arc	ef R ere nce	l L 1 eve	l L 2 eve	l L 3 eve	l T ota
F al A i ci ts nan sse
al f d M utu un s -	-	-	-	-
E i y I t nst ent qu rum s
( oth th sub d ) si i y, J oi nt tur er an ar ven es	7 .0 0	2 8 4 .3 1	-	3 7 .0 0	3 2 1 .3 1
h A n 3 1 st M , 2 0 2 0 s o arc
al A F i ci ts nan sse
al f d M utu un s -	-	-	-	-
E i y I t nst ent qu rum s
( oth th sub d ) si i y, J oi nt tur er an ar ven es	7 .0 0	1 3 8 .1 8	-	3 7 .0 0	1 7 5 .1 8

Level 1: Quoted Prices in active markets for identical assets or liabilities

Level 2 : Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3: Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

The company's policy is to recognize transfers into and the transfers out of fair value hierarchy levels as at the end of the reporting period. There are no transfers between level 1 and level 2 during the end of the reported periods.

29.3 Financial Risk Management

65 66

The Company's principal financial liabilities comprise loans and borrowings. The main purpose of these financial liabilities is to finance the Company's operations. The Company's principal financial assets include loans, Investments, trade and other receivables, and cash and cash equivalents that derive directly from its operations.

The Company's activities expose it to various financial risks: market risk, credit risk and liquidity risk. The company tries to foresee the unpredictable nature of financial markets and seek to minimise potential adverse impact on its financial performance. The senior management of the company oversees the management of these risks. The Audit Committee has additional oversight in the area of financial risks and controls. It is the Company's policy that no trading in derivatives for speculative purposes may be undertaken.

30 CAPITAL MANAGEMENT

The following are the objectives of Capital management policy of the company:

(i) Safeguard its ability to continue as a going concern, so that it can continue to provide returns for shareholders and benefits for other stakeholders, and
(ii) Maintain an optimal capital structure to reduce the cost of capital

As a part of capital management strategy, the company may adjust the amount of dividends paid to shareholders, issue new shares, raise debt capital or sell assets to reduce debt. The company monitors capital basis a gearing ratio which is calculated by dividing the total borrowings by total equity. The company's strategy is to maintain a gearing ratio as possible as lower. In order to achieve this overall objective, the company ensures to meet its financial covenants attached to the interest bearing loans and borrowings. There have never been any breaches in financial covenants of any interest bearing loans and borrowings in the past and also in the current period.

31 RELATED PARTY TRANSACTIONS

Related parties and transactions with them as specified in the IND AS-24 on "Related Party Disclosures" issued by the ICAI has been identified and given below;
1. Enterprises where Control Exists: None
1. Other Related parties with whom the Company had transactions:
(a) Key Management personnel and there relatives:-
Relatives :- Smt Bina Bajaj

(b) Enterprises over which Key Management personnel and their relatives are able to exercise Significant Influence-"Bajaj Global Limited, Bajaj Steel Industries Limited, Rohit Techserve Lim ited, Bajaj Exports Pvt Ltd., Glycosic Merchants Pvt Ltd., Bajaj Chemo-plast (I) Ltd., Bajaj Trade Developments Limited, Prosperous Finance Co. Ltd., Nissan Merchandise Pvt. Ltd., Bajaj Rein forcement LLP., Rohit Polytex Ltd., Ridhi Vinimay Pvt. Ltd.""

NOTES: The parties listed under (b) above are not "related parties" as per the requirements of IND AS 24. However, as a matter of abundant caution, they are being included for making the Financial Statements more transparent.

Transactions with related parties:-

of th N i atu e tr act re ans on s	Ent ises r wh ich ke y M Per nel ent erpr ana gem son ove and the ir re lativ ble ise s i gnif ican to e t es a re a xerc		nel Ke y M ent ana gem per son and the lativ ir re es
	2 0 2 0- 2 1	2 0 1 9- 2 0	2 0 2 0- 2 1	2 0 1 9- 2 0
I me nco ved I t R i nte res ece	6 1 3 4 .9	1 8 5 .7 8	-	-
E x pen ses d I t P ai nte res al S y E ar x pen ses O th er E x pen ses	1 4 1 .4 4 - 0 .1 5	.6 2 1 2 7 - 0 .1 5	- 1 5 .3 0 -	- 1 4 .6 2 -
al d B i uts tan g anc e o n L G i oan ven ved L R i oan ece th yab l O P er a es th vab l O R i er ece e	1 ,4 3 6 .6 4 7 5 1 .5 0 - 1 8 .7 0	1 3 8 2 .2 8 6 1 2 1 .7 8 - 2 0 .8 3	- - 1 .2 3 -	- - 0 .8 4 -

NOTES TO THE ACCOUNTS (Contd *)**

32 Particulars as required in terms of Paragraph 13 of Non Banking Financial (Non-Deposit Accepting & Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 :

		( ) I n L acs
L I A B I L I T I E S S I D E	A mt	A mt
	d O i uts tan g n	d O ver ue
nd ad l ed b h ncl L ai e N B F C i usi y t oan s a van ces av ve
of ued th b d i pai nte t a ut t res ccr ere on no
red S ecu -
	N I L	.A N
ed- U nse cur
ank F B rom s -	2 2 0 .0 2
od - F B i C rat rom es or po e	7 5 1 .5 0	.A N
th - F O rom ers
	-	.A N
	9 7 1 .5 2	N I L

A S S E T S S I D E
	A mt
	O d i uts tan g n
0 1 . B k f L nd ad i ncl ud i g b i l l rea u p o oan s a van ces n s vab l [ O th th th ncl ud ed ( 2 ) b el ] ei i i rec e er an ose n ow

0 k f nd ad ncl ud g b l l 1 . B L i i i rea u p o oan s a van ces n s vab l [ th th th ncl ud ed ( ) b el ] ei O i i 2 rec e er an ose n ow	O d i uts tan g n
( ) red S a ecu	N I L
( b ) ed U nse cur	1 ,4 5 5 .5 6 1 ,4 5 5 .5 6
k f ed nd k h 0 2 . B L A S i ts a toc rea u p o eas sse on re and h th l ard ti nti g t y po eca on oan s c ou n ow s / E L H P ti vi ti ac es
	N I L
k f 0 3 . B I est nts rea u p o nv me
C I ent est nts urr nv me	N I L
L g T I est nts on erm nv me
h E i y S t qu are s
Q ted uo	2 8 4 .3 1
U d ote n qu	3 7 .0 0
P ref sh ere nce are s
U d ote n qu	N I L
T l ota	3 2 1 .3 1

Borrower group wise classification of all leased assets, stock-on-hire and loans and advances : (All unsecured, net of provisions)

67 68

el d 1 . R rti ate pa es ) ub d S si i ari a es b ) h C i i n t p om pan es e s am e gro u	N I L
) th rel d O rti ate c er pa es	1 ,4 3 6	.6 4
th th rel d 2 . O rti ate er an pa es
l T ota	1 8 .9 1 ,4 5 5	2 .5 6
0 5 . I i cl i f i i of al l i est cat est nv or gro u p w se ass on nv -
( d l ) i h nd nts t an g t cur ren on erm n s are me s a	M ark et	M ark V al et ue
uri ti ( b oth d d d ) ote ote sec es qu an un qu	V al / B k U p ue rea	( N of et
	F ai r V al N A V ue or	P i si ) rov on s
1 . R el d rti ate pa es
) S ub si d i ari a es	N .A	N I L
b ) C h i i n t p om pan es e s am e gro u	N .A	N I L
) O th rel d rti ate c er pa es	3 7 .7 5	3 7 .7 5
2 . O th th rel d rti ate er an pa es	2 8 3 .5 6	2 8 3 .5 6
l T ota	3 2 1 .3 1	3 2 1 .3 1

NB: Break-up value of unquoted investments being not available, has been considered at book value.

Other information

	( ) A t mo un
erf 1 . G s N P i g A ts ros on orm n sse	N I L
erf 2 . N et N P i g A ts on orm n sse	N I L
red sf of d eb 3 . A i i ati i ts a act t sse c qu n s on	N I L

33 ASSETS SECURED FOR BORROWINGS

The carrying amounts of assets secured for current and non current borrowings is given in the following table:

P i cul art ars F I N A N C I A L A S S E T S & - B ank b al th th h anc e o er an cas	3 1 st M h , 2 0 2 1 arc	3 1 st M h , 2 0 2 0 arc
ash i val ent c e qu s	3 1 4 .0 0	2 9 7 .0 5
T l ota	3 1 4 .0 0	2 9 7 .0 5

34 Segment Reporting:

The Company is predominantly engaged in a single reportable segment of 'Financial Services' as per the Ind AS 108 -Segment Reporting. The Company has determined its business segment as Finance Activities Business. Since there are no other business segments in which the company operates, there are no other primary reportable segments. Therefore, the segment revenue, segment 35 On the basis of physical verification of assets, as specified in IND AS - 36 and cash generation capacity of those assets, in the management perception there is no impairment of such assets as appearing in the balance sheet as on 31.03.2021.

36 Unabsorbed MAT for which future credit may be available amounting to Rs. 0.58 Lacs (P.Y. Rs. 0.58 Lacs)

37 The outbreak of Corona Virus Disease (COVID-19) has severely impacted and triggered significant disruptions to businesses worldwide, leading to an economic slowdown. Significant disruptions primarily include interruptions in production, supply chain disruptions, unavailability of personnel, closure of offices/facilities, decline in demand, liquidity and working capital issues, reduced movement of inventory, decline in selling prices, etc. The company has to the best of its abilities considered impact of COVID-19 while preparing these financial statements and accordingly reviewed the following possible effects:

i) there is no material uncertainty on the ability of the company to continue as a going concern,
ii) there is no material adjustment required to be done in the carrying amounts of the assets and liabilities as on March 31, 2021,

iii) there is no material event/circumstance happened due to COVID-19 as on the date of approval of these financial statements that require specific adjustments/disclosures in these financial statements. However, the company shall continue to closely monitor any material changes arising of future economic conditions and its impact on the business.

38 a) Previous year figures above are indicated in brackets.
b) Previous year figure have been regrouped/rearranged, wherever found necessary. In terms of our Report of even date attached herewith

Signature to notes 1 to 38

69 70

F V M S S & A ci ate or sso s C h d A art tan ts ere cco un F i R gi ati N o. 3 2 8 9 5 2 E str rm e on	KA AK SH AY R AN Di tor rec	S. C. AG RA WA L Di tor rec
A d i S eth i t a ya P art ner b h i o. 3 2 9 3 M p N 1 1 em ers :2 3 2 9 3 G 8 8 U D I N 1 1 1 A A A A H 1 5 l ( ) P : N C ace a g pu r am p th D : 2 8 M y, 2 0 2 1 ate a	AR TI BA Co Se mp any	A TR O y / CF tar cre

AUDITORS' REPORT

To the Members of M/s TASHI INDIA LIMITED

Report on the consolidated Financial Statements

We have audited the accompanying consolidated financial statements of M/s TASHI INDIA LIMITED (Company), and its Associate (hereinafter referred to as "the Group") which comprise the Consolidated Balance Sheet as at 31stMarch, 2021, the Consolidated Statement of Profit and Loss, the Consolidated Cash Flow Statement for the year then ended, and a summary of the significant accounting policies and other explanatory information.

IIn our opinion and to the best of our information and according to the explanations given to us, the aforesaid consolidated financial statements give the information required by 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 31st March, 2021, and its Profit, and its cash flows for the year ended on that date.

Basis for Opinion

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

We draw attention to Note No-37 of the financial statement, which describes the economic impact the company is facing due to outbreak of Corona Virus Disease (COVID-19).

However, our opinion is not modified in respect of this matter.

CONSOLIDATED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH, 2021

72 73

Management's Responsibility for the Consolidated Financial Statements

The Company's Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 ("the Act") with respect to the preparation of these consolidated financial statements that give a true and fair view of the consolidated financial position, consolidated financial performance and consolidated cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.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 the consolidated financial 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.

The Board of Directors are also responsible for overseeing the company's financial reporting process.

Auditor's Responsibility for the Audit of the Financial Statements

As part of an audit in accordance with SAs, we exercise professional judgment

and maintain professional scepticism throughout the audit. We also:

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our Audit opinion on the consolidated financial statements.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the report of the other auditor on the financial statement of the associate company as noted below, the Aforesaid consolidated financial statements give the information required by the Act in the manner so required and give a true and fair view inconformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at 31st March, 2021, and its profit and its cash flows for the year ended on that date.

Other Matter

The financial statement of the associate company considered in this financial statement have been audited by another auditor, whose report has been furnished by the management to us, and our opinion is based solely on the report of the other auditor. However, our opinion is not qualified in respect of this matter.

Report on Other Legal and Regulatory Requirements

1. 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 both the Companies so far as it appears from our examination of those books.
(c) The consolidated Balance Sheet, the Statement of Profit and Loss (Including other comprehensive income) , and the Cash Flow Statement 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 Standards Specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

(e) On the basis of the written representations received from the directors as on 31st March, 2021 taken on record by the Board of Directors, none of the directors is disqualified as On 31ST March, 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 over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate report in "Annexure A"; and
(g) 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 financial statements has, to the extent ascertainable, disclosed the impact of pending litigations on the financial position of the Company – Refer Note 28 to the financial statements;
ii. The both the Companies did not have any long term contracts for which there were any material foreseeable losses. As informed, the Company has not entered into any derivative contract with any other person nor is a party to any such contract in prior years.
iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

Place :NAGPUR. (CAMP) Date : 28th May, 2021

74 75

For VMSS & Associates Chartered Accountants Firm Registration No. 328952E

Aditya Sethia Partner Membership No. 311293 UDIN: 21311293AAAAHH7352

76 77

ANNEXURE - A to THE AUDITORS' REPORT

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 ("the Act")

We have audited the internal financial controls over financial reporting of M/s TASHI INDIA LIMITED (Company) and its Associate company "M/S ROHIT TECHSERVE LIMITED., as of 31 March 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 of both the companies

Auditors' Responsibility

operated effectively in all material respects.

Meaning of Internal Financial Controls over Financial Reporting

Inherent Limitations of Internal Financial Controls Over Financial Reporting

financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may 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 and its subsidiary have, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31 March 2021, (subject to Note No.37 of the financial statement) based on the internal control over financial reporting criteria 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 issued by the Institute of Chartered Accountants of India.

F V M S S & A ci at or sso es h d C A art t t ere cco un an s F i R gi ati N o. 3 2 8 9 5 2 E str rm e on
A d i S eth i t a ya P art ne r

Place :NAGPUR. (CAMP) Date : 28th May, 2021

TASHI INDIA LIMITED CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH, 2021

			No te	AS AT	AS AT
	ticu lar Par s		No	31. 03. 202 1	01. 04. 202 0

	AS SET S al A 1. F ina nci ts sse
	- C ash d c ash uiv alen ts an eq - B ank ba lan the r th h & sh len iva ts		3 4	7.2 6 31 4.0 0	71 3.9 0 2 97. 06
	ce o an cas ca equ
	Rec eiv abl es
	rad ble -T e R iva ece s		5	18 .70	2 1.0 8
	L oan s		6	1 ,43 6.6 4	1 ,38 2.2 8
	Inv estm ent s		7	42 0.8 7	2 74. 14
	Oth er F ina nci al A ts sse		8	0.2 2	0 .22
	fin ial 2 N Ass ets on- anc
	Cur (Ne ) t ta ts t ren x a sse		9	38 .47	45. 71
	ferr ed (N ) De As tax sets et		10	(7 ) .32	7.0 9
	Pro lan d e qui t t an ent per y, p pm		11	68 .56	6 9.3 1
	Oth ial er N Fin Ass ets on- anc		12	6.1 0	6 .10
	al A Tot ts sse			2 ,30 3.4 9	2 ,81 6.8 9
ci F V M S S & A at or sso es h d C A art t t ere cco un an s F i R gi ati N o. 3 2 8 9 5 2 E str rm e on d i eth i A S t ya a P art ne r M b h i p N o. 3 1 1 2 9 3 em ers : 2 3 2 9 3 3 2 U D I N 1 1 1 A A A A H H 7 5	LIA BIL ITI ES AN D E QU ITY 1. F ina nci al l iab ilit ies Pa yab les (i ) T rad ble e P aya s of d S ll E - D Mic ises ises nte nte ues ro e rpr an ma rpr - D of Cre dito the r th Mic ises nte ues rs o an ro e rpr an S ll E ises nte ma rpr (i ) Bo i win rro gs ( iii ) O the r Fi cial Lia bili ties nan ial bil 2. N Fin Lia itie on anc s Pro vis ion s Oth er N Fin ial Lia bili ties on- anc E qui t y E qui y S har api tal t e c Oth er E qui t y Tot al E qui nd Lia bil itie t y a s Info fica Cor tion & Si gni nt A in ate unt g rma cco	d	- 13 14 15 16 17 18	- 97 1.5 2 6.4 2 5.7 5 12 .94 74 .25 ,23 2.6 1 1 2 ,30 3.4 9	- 1 ,62 1.7 8 2 .11 5 .53 22. 50 7 4.2 5 ,09 0.7 3 1 2 ,81 6.8 9
	por Pol icie	1 & 2
	s Acc th e fi cial	3 to 38
	yin ote s to sta tem ent om pan g n nan s
	of ou f eve n da tach ed h ith In te ort o te at rms r rep erew For V MSS & A iates ssoc Cha d Ac rtere tant coun s Firm istra tion 328 952E Reg No. Adit ya S ethi a Part ner Mem bers hip No. 3112 93 UDI N : 2 0311 293A AAA DA7 539 Plac e : N r (C ) agpu amp	AK SH AY Dir	KA R AN ect or AR TI BA Co Se mp any	S. C . A GR Dir ect A TR O y / CF tar cre	AW AL or
7 8	Date : 28 th M ay, 2 021	7 9

TASHI INDIA LIMITED

CONSOLIDATED STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH, 2021

	N e N ot o.	2 0 1 9- 2 0 2 0	2 0 8- 2 0 9 1 1
e fr Rev tion enu om op era s	19
Inte t In res com e		18 6.0 1	2 53. 99
ide nd Div Inc e om		0.6 9	5.2 0
al R fro Tot atio eve nue m o per ns		186 .70	25 9.1 9
Oth Inc e er om al I Tot nco me	20	- 18 6.7 0	28 .00 2 87. 19	& N E T P R O F I T B E F O R E T A X

Ex pen ses Fin e C ost anc s	21	14 5.6 7	2 13. 54	A D J U S T E D F O R
Cha s in Inv orie ent nge s	22	-	30. 40
Em plo Be nef its Ex yee pen se	23	15. 30	14 .62
De ciat ion & Am orti ion Ex zat pre pen ses	24	0.7 5	0 .79
Oth er E xpe nse s	25	11. 85	18 .96	O P E R A T I N G P R O F I T B E F O R E
al E Tot xpe nse s		173 .57	2 78. 31
Pro fit bef Ex tion al I s & Ta tem x ore cep		13. 12	8.8 8	N C H A N G E S I
l It Les s: E pti xce ona em s		-	-
Pro fit bef Ta ore x		13 .12	8.8 8
Tax Ex pen se:	26
(a ) C Ta ent x urr		3.3 1	2 .44
(b ) D efer red Ta x		(23 ) .58	11. 72
		(20 .26 )	14. 16
fit Aft Pro er T ax Oth hen		33. 39	(5.2 ) 8
sive inc er c om pre om e tha ill n ot b clas sifi ed fit or l Ite t w to ms e re pro oss han fair lue of - C in E qui y In t stru nts ges va me		14 6.1 0	(8 ) 0.0 3
- T Ex elat in ab ite g to ax pen se r ove ms		(3 7.9 9 )	20 .81
al O the hen (Ex se) Tot r C siv e I me/ om pre nco pen		108 .11	(5 ) 9.2 2
Tot al c hen siv e in e/ (Lo ss) for th om pre com e y ear		14 1.5 0	(6 4.5 0 )
(P rofi / lo oth hen e) sive inc t ss + er c om pre om				B CA SH FLO OM STI NG AC ES W FR IN VE TIV ITI
nin uit har Ear gs per eq y s e	27	1 9.06	(8 .69 )
lute d Bas ic & Di b ) D ilut ed
Cor Info tion & Si gni fica nt A in g P olic ies ate unt por rma cco th e fi cial Acc yin Sta ote s to tem ent om pan g n nan s	1 & 2 3 to 38			( l ud l of ) Inc in g F air Va In tm ent ue ves
For V MSS & A iates ssoc				G N E T C A S H U S E D I N I N V E S T I N
Cha d Ac rtere tant coun s AK SH AY Firm Reg istra tion No. 328 952E	KA R AN	S. C . A	GR AW AL
Dir Adit ya S ethi a Part ner	ect or	Dir	ect or
bers hip 3112 93 Mem No.	AR TI	A BA TR O
UDI N : 2 0311 293A AAA DA7 539 Plac r (C ) e : N agpu amp	Co Se mp any	y / CF tar cre
Date : 28 th M ay, 2 021 8 0				8 1

TASHI INDIA LIMITED

CASHFLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2021

		3 1 .0 3 .2 0 2 1	3 1 .0 3 .2 0 2 0

A	. C A S H F L O W F R O M O P E R A T I N G A C T I V I T & P R O F F O R A X N E T I T B E E T	I E S
	E X T R A O R D I N A R Y I T E M S	1 3 .1 2	8 .8 8
	A D J U S T E D F O R F A I R V A L U E I M P A C T O F I N V E S T M E N T S	1 0 8 .1 1	( ) 5 9 .2 2
	N D E P R E C I A T I O	0 .7 5	0 .7 9

	O P E R A T I N G P R O F I T B E F O R E W O R K I N G C A P I T A L C H A N G E S	1 2 1 .9 9	( ) 4 9 .5 6
	N C H A N G E S I T R A D E & O T H E R R E C E I V A B L E S	2 .3 8	6 .5 2
	L O A N S A N D A D V A N C E S	( ) 5 4 .3 6	3 0 8 .3 3
	T R A D E P A Y A B L E S	( ) 5 .2 4	( ) 2 .2 1
	I N V E N T O R I E S	-	3 0 .4 0
	C A S H G E N E R A T E D F O R O P E R A T I O N S	6 4 .7 7	2 9 3 .4 8
	D I R E C T T A X E S / P R O V I S I O N W R I T T E N B A C K	4 1 .9 1	( ) 3 1 .3 6
	C A S O O A G A C S N E T H F R M P E R T I N T I V I T I E	1 0 6 .6 8	2 6 2 .1 2
B	CA SH FLO W FR OM IN VE STI NG AC TIV ITI ES
	AS SET S W RIT TE N O FF	-	0 1 .4
	/ ( ) ( ) PU RC HA SE SA LE OF SH AR ES INV EST ME NT S	( 1 4 6 .1 3 )	8 0 .0 3
	( l ud l of ) Inc in g F air Va In tm ent ue ves G N E T C A S H U S E D I N I N V E S T I N
	C S A T I V I T I E	( 1 4 6 .1 3 )	8 1 .4 3

		Da te : 2 8th M ay , 2 02 1
eta TR ry / A CF O	Co mp AR an y S TI ecr BA	Pla ce : N ag pu r ( Ca mp )
S. C . A Di GR rec tor AW AL	AK SH Di AY rec R tor AN KA	UD M Pa Ad em rtn ity IN be er a S : rsh 20 eth ip 31 ia 12 No 93 . 3 AA 11 AA 29 3 DA 75 39
		Fir Ch Fo r V m art Re ere M SS gis d & Ac tra A co tio sso un n tan No cia tes . 3 ts 28 95 2E
1, 35 66 01 0.5 0.9 0.4 5 7 1	E 1 (6 3 ,01 89 21 0.9 .71 .26 7 )	CA CA SH SH & & CA CA SH SH EQ EQ UIV UIV AL AL EN EN TS- TS- OP CL OS EN ING ING BA BA LA LA NC NC E
35 0.5 5	A+ B+C ) (68 9.7 1)	NE T C HA NG ES IN CA SH & CA SH EQ UIV AL EN TS(
7 .01	(6 50 .26 )	FI NE NA T CA NC SH IN G FL OW AC TI F VI RO TI M ES
7 .01	TIV ITI ES (6 50 .26 )	C. TE PR CA RM OC SH EE B FL OR DS OW F RO FR RO W OM M IN GS SH FI OR NA T/ NC LO IN NG G AC
ND IA LIM ITE D	TA SH I I

Date : 28th May, 2021

TASHI INDIA LIMITED

STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31ST MARCH, 2020

Equity share capital
Particulars Particulars	Notes Notes	"As at 31st "As at 31st March 2020 March 2020	Changes during Changes during 2020-2021 2020-2021	As at As at 31st March, 2021 31st March, 2021
Authorized
1000000 Equity shares of `10/- each<br>1000000 Equity shares of`10/- each		100.00 100.00	- -	100.00 100.00
Issued, subscribed and paid up
742500 Equity shares of `10/- each fully paid up	17	74.25	-	74.25
		74.25 74.25	- -	74.25 74.25

Other Equity
Particulars	Notes Reserves and Surplus
					Retained Earnings Retained Earnings	Investment Reserve
	18	Securities Premium Reserve	Reserve Fund(As per RBI Reserve Fund (As per RBI Guidelines) Guidelines)	General Reserve	Surplus in the statement of Profit and Profit and Loss	{upon fair value through value throughother other comprehen sive income)	Total Total
Balance as at 01.04.2020		49.50	46.16	-	908.63	86.45	1,090.73 1,090.73
Profit for the year Other comprehensive income for the year Other comprehensive income for the year		- -	- - -	- -	33.00 - -	- 108.11 108.11	33.00 108.11
Total comprehensive income for the year Transfer from General Reserve/Profit & Loss Account Realised gains transferred to Retained Earnings		- -	- 6.68 6.68	- -	33.00 (6.90) (6.90)	108.11 - -	142.11 (0.22)
Balance as at 31.03.2021		- 49.50	- 52.84	- -	- 835.77 935.77	- 835.77 194.56	- - 1,232.62
For VMSS & Associates Chartered Accountants Firm Registration No. 328952E		AKSHAY RANKA Director		S. C. AGRAWAL
Aditya Sethia Partner Membership No. 311293 UDIN : 20311293AAAADA7539 Place : Nagpur (Camp)			ARTI BATRA Company Secretary /CFO	Director

TASHI INDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

1. CORPORATE INFORMATION

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.1 BASIS OF CONSOLIDATION

The Consolidated Financial Statements include the financial statements of M/ s. Tashi India Limited and its associate (hereinafter referred to as "the Group"). The financial statements (Separate financial statements) have been prepared on accrual basis in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 and the provisions of the Companies Act, 2013.

The Consolidated Financial Statements include the financial statements of the Company and associate. Notes to the Consolidated Financial Statements represents notes involving items which are considered material and are accordingly duly disclosed. Materiality for the purpose is assessed in relation to the information contained in the Consolidated Financial Statements.

The financial statements are presented in Indian Rupees ("INR" or " ") and all amounts are rounded to the nearest lacs, except as stated otherwise.

2.2 Estimates and Judgements

Changes in estimates are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the financial statements.

2.3 Presentation of financial statements

The Company presents its Balance Sheet in order of liquidity.

This note provides a list of the significant accounting policies adopted in the preparation of these financial statements.

These policies have been consistently applied to all the years presented, unless otherwise stated.

(A) Income

84 85

(i) Interest Income

The Company recognises interest income using Effective Interest Rate (EIR) on all financial assets subsequently measured at amortised cost or fair value through other comprehensive income (FVOCI). EIR is calculated by considering all costs and incomes attributable to acquisition of a financial asset or assumption of a financial liability and it represents a rate that exactly discounts estimated future cash payments/receipts through the expected life of the fi-

nancial asset/financial liability to the gross carrying amount of a financial asset or to the amortised cost of a financial liability.

(ii) Dividend income

Dividend income on equity shares is recognised when the Company's right to receive the payment is established, which is generally when shareholders approve the dividend.

(iii) Other revenue from operations

(IV) Other Income

Other Income is accounted for on accrual basis except, where the receipt of income is uncertain.

(B) Expenditures

(i) Finance costs

Borrowing costs on financial liabilities are recognised using the EIR.

(II) Employee benefits

Short Term employee benefits

(III) Taxes

Current Tax

The current tax expense for the period is determined as the amount of tax payable in respect of taxable income for the period, based on the applicable

income tax rates.

Current tax relating to items recognised in other comprehensive income or equity is recognised in other comprehensive income or equity, respectively.

Deferred Tax

Deferred tax is provided using the liability method on temporary differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes at the reporting date.

Deferred tax relating to items recognised in other comprehensive income or equity is recognised in other comprehensive income or equity, respectively.

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.

(C ) ASSETS AND LIABILITIES

86 87

(i) Provisions, Contingent Liabilities and Contingent Assets

If the effect of the time value of money is material, provisions are discounted

using a current pre tax rate that reflects, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.

A Contingent liability is not recognised but disclosed in the notes to the accounts, unless the probability of an outflow of resources is remote.

A contingent asset is generally neither recognised nor disclosed.

(ii) Earnings per share

(iii) Cash and Cash Equivalent

(iv) Financial Instruments

A. Financial Instruments - Initial recognition and measurement

B.1. Financial assets –Subsequent measurement

The Subsequent measurement of financial assets depends on their classifica tion which is as follows:

a. Financial assets at fair value through profit or loss

Financial assets at fair value through profit and loss include financial assets held for sale in the near term and those designated upon initial recognition at fair value through profit or loss.

b. Financial assets measured at amortised cost

Loans and receivables are non-derivative financial assets with fixed or deter minable payments that are not quoted in an active market. Trade receivables generally do not carry any interest and are stated at their nominal value as reduced by appropriate allowance for estimated irrecoverable amounts based on the ageing of the receivables balance and historical experience. Addition ally, a large number of minor receivables are grouped into homogenous groups and assessed for impairment collectively. Individual trade receivables are writ ten off when management deems them not to be collectible.

c. Financial assets at fair value through OCI

All equity investments, except investments in subsidiaries, joint ventures and associates, falling within the scope of Ind AS 109, are measured at fair value through Other Comprehensive Income (OCI). The company makes an irrevo cable election on an instrument by instrument basis to present in other com prehensive income subsequent changes in the fair value. The classification is made on initial recognition and is irrevocable.

If the company decides to designate an equity instrument at fair value through OCI, then all fair value changes on the instrument, excluding dividends, are recognized in the OCI.

B.2. Financial assets –Derecognition

Upon derecognition of equity instruments designated at fair value through OCI, the associated fair value changes of that equity instrument is transferred from OCI to Retained Earnings.

C. Investment in subsidiaries, joint ventures and associates

Investments made by the company in subsidiaries, joint ventures and associates are measured at cost in the separate financial statements of the company.

D.1. Financial liabilities –Subsequent measurement

The Subsequent measurement of financial liabilities depends on their classification which is as follows:

a. Financial liabilities at fair value through profit or loss

FFinancial liabilities at fair value through profit or loss include financial liabilities held for trading, if any.

b. Financial liabilities measured at amortised cost

D.2. Financial liabilities –Derecognition

A financial liability is derecognised when the obligation under the liability is discharged or expires.

E. Offsetting financial instruments

F. Fair value measurement

In the principal market for the assets or liability or
In the absence of a principal market, in the most advantageous market for the asset or liability.

The principal or the most advantageous market must be accessible to the company.

(v) Property, Plant and Equipment

90 91

Depreciation on property, plant and equipment is calculated using Written Down Value method.

The useful lives have been determined based on technical evaluation done by the management's experts, which is same as the lives as specified by Schedule II to the Companies Act, 2013. The residual values are not more than 5% of the original cost/deemed cost of the asset. The asset' residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.

(vi) Impairment of non-financial assets

(vii) Non-current assets held for sale

(vii) Inventories

Stock in trade is valued at lower of cost and net realizable value.

Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make the sale.

(viii) Exceptional items

(ix) Impairment of assets

92 93

The company assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any indication exists, or when annual impairment testing for an asset is required, the company estimates the asset's recoverable amount. An asset's recoverable amount is the higher of an asset's or cash-generating unit's (CGU) fair value less costs of disposal and its value in use. Recoverable amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount.

Impairment losses of continuing operations, including impairment on inventories, are recognised in the statement of profit and loss.

2.3 (a) Critical accounting estimates and judgements

Business model assessment
Fair value of financial instruments
Effective Interest Rate (EIR)
Impairment on financial assets
Provisions and other contingent liabilities
Provision for tax expenses
Residual value and useful life of property, plant and equipment

NOTES TO THE ACCOUNTS…………

		A S A T	A S A T
		3 1 .0 3 .2 0 2 1	3 1 .0 3 .2 0 2 0

3	C A S H A N D C A S H E Q U I V A L E N T S
	al h k B i B t an ces an s : w
	I C A t t n ur ren cco un	3 .7 9	1 2 9 .3 9
	d I n F i D si A t t xe e po cco un	-	5 8 3 .1 5
	h n h d C i e qu es an	2 .4 7	-
	ash n-h d C -i an	1 .0 0	1 .3 6
		7 .2 6	7 1 3 .9 0
4	N A A A C O A B N K B L N E T H E R T H
	C S & C S Q S A H A H E U I V A L E N T
	d ( l ed d ) F i D si A P t t xe e po cco un ge	3 1 4 .0 0	2 9 7 .0 6
		3 1 4 .0 0	2 9 7 .0 6
5	T R A D E R E C E I V A B L E S
	(Un d , C ide red Go od unl oth ise ed ) stat sec ure ons ess erw
	D f h h si t t ue or mo re an x m on s
	- S red ecu	-	-
	U red (* ) ns ecu -	1 8 .7 0	2 0 .8 3
	O h t ers	-	0 .2 5
		1 8 .7 0	2 1 .0 8

(*) Due from Limited Liability Partnership in which Directors are members

6 LOANS

94 95

( red d d od ) U i ns ecu co ns ere go
b l d -[ nd ] L R n D I n I i oa ns e pa ya e o em an a	3 6 .6 1 ,4 4	,3 8 2 .2 8 1
	6 .6 1 ,4 3 4	1 ,3 8 2 .2 8

* Due from Private Company in which

directors/Partners are interested.

** Valued at Amortised Cost.

NOTES TO THE ACCOUNTS…………

			A S A T		A S A T
			3 1 .0 3 .2 0 2 1		3 1 .0 3 .2 0 2 0

7 I N V E S T M E N T S	F ac e	of N o.	A t s a	of N o.	A t s a
	V al ue	S h are s	3 1 .0 3 .2 0 2 1	S h are	s 1 .0 3 .2 0 2 0
[ nd ] I I i n a		N os		N os
f al h gh h A ai t t ot ( A ) r v ue rou er
eh si i c om pr en ve nc om e
O h t ers
n f ul l d I i p E i t y y pa u qu
h f S C ni are s o om pa es
ed Q t uo :
l ob al ed B j j G L i mi t a a	1 0	7 5 0 0 0	0 .7 5	7 5 0 0 0	2 .2 5
S h ard ed a I L i mi t t pa s	1 0	1 0 0 0	0 .5 1	1 0 0 0	0 .3 1
el al ed R i C pi L i mi t t an ce a	1 0	2 5 0	0 .0 3	2 5 0	0 .0 1
el ed R i C ni i L i mi cat t an ce om mu on	5	5 0 0 0	0 .0 8	5 0 0 0	0 .0 3
el nf ed R i I e L i mi t ct t ras ru ur ace	1 0	3 7 5	0 .1 3	3 7 5	0 .0 4
el ed R i P L i mi t an ce ow er	1 0	1 2 5 0	0 .0 5	1 2 5 0	0 .0 2
el ed R i H e F i e L i mi t an ce om na nc	1 0	2 5 0	0 .0 1	2 5 0	0 .0 0
( Rec d . U nd ch f De ) er s em e o me r ger
ed B j j A o L i mi ut t a a
( l ud h ) i 1 0 0 0 B S nc es on us are s	1 0	2 0 0 0	7 3 .4 3	2 0 0 0	4 0 .5 0
oh ed P ri J L i mi t sm ns on nf ed I L i mi	0 1 5	2 0 0 0 0 3 2 0 0	2 6 .2 7 4 3 .7 7	2 0 0 0 0 3 2 0 0	6 .0 8 2 0 .4 9
t os ys (In clud es 20 00 B Sha res) onus ol d and ted In	1 0	1 0 0 0	3 2 .9 2	1 0 0 0	1 8 .0 0
Ba ja j H in s L imi tm ent gs ves ed B F i L i mi t a a ns erv	5	0 0 1 1	0 6 .3 1 5	0 0 1 1	0 9 5 .4
j j l l ed W i n P i L i mi ast t o cs	1 0	4 4 1 0 0		4 4 1 0 0	2 2 .0 5
po			- 2 8 4 .3 1		1 6 0 .2 6

( ) sed ( cal B A i H i ori C t ort st st am co ed U ot n qu : A e C ci at y sso om pa n oh ech ed R i T L i mi	) ost 1 0 0	1 3 6 .5 6	1 3 5 .9 6
t t ser ve
f d L : P i si i mi i t		1 3 6 .5 6	1 3 5 .9
on ess rov on or nu al of i I est nt n v ue nv me s		-	2 2 .0 8
		4 2 0 .8 7	2 7 4 .1 4
of ed A nt ot g gre a ge am ou ou ark al h i & M V est nt et t nv me ue ere	of f	2 8 4 .3 1	1 3 8 .1 8
of ed A nt t g gre a ge am ou u no uo al h of f i & F ai r V est nt t nv me ue ere		1 3 6 .5 6	1 3 5 .9 6
8 O T H E R F I N A N C I A L A S S E T S D si t e po s		0 .2 2	0 .2 2
		0 .2 2	0 .2 2
( 9 C U R R E N T T A X A S S E T S N E T ad nd f d ab l T i at ax on va nc e a re un	) e
( of ) N i si et pr ov on s		3 8 .4 7	4 5 .7 1
		3 8 .4 7	4 5 .7 1
1 0 D E F E R R E D T A X A S S E T S N - ef ed / D T A t err ax sse s L i ab i l i i l i	E T
( ) t at g t es re n o d - F i A t xe sse s		.6 1 4	.6 2 1
- I est nt nv me s		( ) 8 .9 6	5 .4 7
		( 7 .3 2 )	7 .0 9

TANGIBLE OFFICE BUILDING 17.37 - 17.37 1.62 0.75 2.37 15.00 15.75 COMPUTER 0.04 - 0.04 - - - 0.04 0.04 AIR CONDITIONERS 0.19 - 0.19 - - - 0.19 0.19 FURNITURE & FIXTURES 0.64 - 0.64 - - - 0.64 0.64 MACHINERIES IN STOCK (*) 52.70 - 52.70 - - - 52.70 52.70 DESCRIPTION OF ASSETS GROSS BLOCK NET BLOCK DEPRECIATION NET BLOCK As at 01.04.2020 Addition/ (Dedu ction) As at 31.03.2021 Up to 31.03.2021 Up to 31.03.2021 For the year (Adjustments) As at 31.03.2021 As at 31.03.2020

96 97

NOTES TO THE ACCOUNTS………… 11 - PROPERTY, PLANT & EQUIPMENT (*) No Depreciation is being provided, since not put to use.

TOTAL 70.93 - 70.93 1.62 0.75 2.37 68.56 - PREVIOUS YEAR 72.33 (1.40) 70.93 0.83 0.79 1.62 69.31

TASHI INDIA LIMITED TASHI INDIA LIMITED

N O T E S T O T H E A C C O U N T S … … … …			N O T E S T O T H E A C C O U N T	S … … … …
	A S A T	A S A T
	3 1 .0 3 .2 0 2 1	3 1 .0 3 .2 0 2 0

1 2 O T H E R N O N- F I N A N C I A L A S S E T S ( red d d d ) U si ns ecu , c on ere g oo P d i E re pa pe ns es x al h h B wi G A ori i t nt ut t an ce ov ern me es d e f f l g f A i i va nc or n ees	- 6 .0 5 0 .0 5 6 .1 0	- 6 .0 5 0 .0 5 6 .1 0	1 7 . E Q U I T Y S H A R E C A P I T A h sed ori ut : ed , S ub b ed d P I i ai ssu scr an 7 4 2 5 0 0 y S h f E i t qu are s o	A L d u p : 1 0 ch ea
1 3 B O R R O W I N G S :
[ I I nd ] i n a sed A i t ort st am co D ) A S E C U R E L R b l d d oa n e pa ya e o n em an k ed rd raf F A X I S B L i mi -O L i mi t t t rom an ve			) l f h h ol d h ol D ai et a s o s are ers h 5 % of h e E i y S h t t t an qu	d i ore n g m s i h n t are e c
(Sec d b led of c in F ixed De it R i ) erta pts ure y p ge pos ece	2 2 0 .0 2	-

D ) S C B U N E U R E
b l d d L R oa n e pa ya e o n em an el ed F R i at art rom es	7 5 1 .5 0	1 ,6 2 1 .7 8
p	9 2 7 1 .5	,6 2 8 1 1 .7
1 4 O A C A A S T H E R F I N N I L L I B I L I T I E
h ab l O L i i i i t t er es	6 .4 2	2 .1 1
	6 .4 2	2 .1 1
N O N F I N A N C I A L L I A B I L I T I E S 1 5 P R O V I S I O N S			b ) / i gh ach ed T R o E t t t t erm s a	i h S t qu y are
d ard C i P i si i S A t nt t t t on n ge rov on a ga ns an sse s	5 .7 5	5 .5 3
	5 .7 5	5 .5 3
1 6 O O A C A A S T H E R N N- F I N N I L L I B I L I T I E d ed ed T t at ax uc so ur ce	.9 1 1 4	2 0 1 .5
A d l f f l i t at va nc e a ga sn sa e o	1 .0 0	1 .0 0
h ab l O L i i i i t t er es	0 .0 0	0 .0 0	"
	2 .9 1 4	2 2 0 .5	sh h ol d are ers
9 8				9 9

T A S H I I N D I A L I M I T E D				T A S	H I I N D I A L	I M I T E D
		N O T E S T O T H E A C C O U N T	S … … … …
S A A T	S A A T			A S	A T	A S A T
1 .0 3 .2 0 2 1	3 1 .0 3 .2 0 2 0			3 .0 3 1	.2 0 2 1	3 .0 3 .2 0 2 0 1

		1 7 Q Y S A C A A . E U I T H R E P I T	L
		A h ori sed ut : ( ) h f 1 0 0 0 0 0 0 E i y S t qu are s o	ch 1 0 1 0 0 .0 0 1 0 0 .0 ea
		ed ed d d I , S ub i b P ai ssu scr an u p :
6 .1 0	6 .1 0	7 4 2 5 0 0 E i y S h f t qu are s o	1 0 ch ea
		f ul l d n C ash i p i pa u y		.2 7 4 5	.2 7 4	.2 5 7 4 5
				.2 7 4 5	.2 7 4	.2 5 7 4 5
		) D l f h h ol d h ol ai et a s o s are ers h % of h h 5 e E i y S t t t an qu are	d i n g m ore h s i n t e c	om pa n y:
		A	3 1- 0 t s a	3- 2 1	A s a	3 1- 0 3- 2 0 t
		f ol d N S h h am e o are er	N os	ol d % h i n g	N os	ol d % h i g n
		d B j j E s P . L rt vt t a a x po	5 8 ,0 0 0	7 .8 1	5 8 ,0 0 0	7 .8 1
		oh ol d R i P L t yt t ex	5 5 ,0 0 0	7 .4 1	5 5 ,0 0 0	7 .4 1
		T wi P l i s P . L d t ast at vt t ns ar co	7 4 ,0 0 0	9 .9 7	7 4 ,0 0 0	9 .9 7
9 7 1 .5 2	1 ,6 2 1 .7 8	G l c M h s P . L d osi t vt t yc erc an	7 3 ,9 0 0	9 .9 5	7 3 ,9 0 0	9 .9 5
		R d h V y P . L d i i i ni vt t ma	1 1 1 ,0 0 0	1 4 .9 5	1 1 1 ,0 0 0	1 4 .9 5
		S d h y P d i i V i ni . L vt t ma	1 1 1 ,0 0 0	1 4 .9 5	1 1 1 ,0 0 0	1 4 .9 5
6 .4 2	2 .1 1

b)Term /Rights attached to Equity Shares

"The company has only one class of equity shares having a par value of 10/ - per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting."In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts.

"The distribution will be in proportion to the number of equity shares held by the shareholders. "

N O T E S T O T H E A C C O U N T S … … … …
	A S A T	A S A T
	3 1 .0 3 .2 0 2 1	3 1 .0 3 .2 0 2 0

1 8 O T H E R E Q U I T Y
S ri i P i R t ecu es rem um ese rv e	9 0 4 .5	9 0 4 .5
R e F d ( A r R B I G d el ) ui i ese rv un s pe ne s A al S h r L B ast eet pe an s ce	4 6 .1 6	4 6 .1 6
d d d A :- T sf f P rof i L s A t t ran er rom an os cco un	6 .6 8	-
	5 2 .8 4	4 6 .1 6
S pl h of rof d i P i L n t t at t t ur us e s em en an os s al r l B A ast t an ce as pe cco un rof f h P i t t or e ye ar Ad d :- S h of Pr of / ( Los ) of As Co it iate are s soc m pan	9 0 8 .6 3 3 3 .3 9 0 .6 0	9 1 2 .1 9 ( ) 5 .2 8 2 .1 7
y L : A i i at ess p pr o pr on s C P ard s S d ard A i i si t nt t t t on n ge rov on ow an sse s sf d T o R e F t ran er ese rv un	( 0 .2 2 ) ( ) 6 .6 8	( 0 .4 5 ) -
	9 3 .7 1 5	9 0 8 .6 3
al d T R ai E i ot et ne arn n gs	9 8 8 .5 5	9 5 4 .7 8
E i y I R t est nt qu nv me rv e ese r l A A ast t s pe cco un	8 6 .4 5	1 4 5 .6 7
C h n f al of s i ai i y i t t nt an ge r v ue e qu ns ru me s	0 8 1 .1 1	( 9 .2 2 ) 5
sf ed al Les s: T Ret ain Ea rni isa tion to ran er n gs u pon re	-	-
T O T A L	1 9 4 .5 6	8 6 .4 5
	1 ,2 3 2 .6 1	1 ,0 9 0 .7 3

Nature of Reserves

Securities Premium

Security Premium reserve is used to record the premium on issue of shares. The reserve is utilised in accordance with the provisions of the Companies Act, 2013. Reserve Fund (As per RBI Guidelines)

This reserve represents statutory provision as per RBI guidelines. Equity Investment Reserve

T A S H I I N D I A L I M I T E D				S T A H I I N D I A L I M I T E D
			O S O A C C O S N T E T T H E U N T … … … …
	A S A T	A S A T		2 0 2 0- 2 0 2 1	2 0 1 9- 2 0 2 0
	3 1 .0 3 .2 0 2 1	3 1 .0 3 .2 0 2 0
			1 9 F O O P A O S R E V E N U E R M E R T I N
			I n L nt st ere -o oa ns	1 3 4 .9 6	2 0 4 .2 0
			d F i D si t on xe e po s	4 9 .8 0	4 8 .6 0
			O h t on ers	1 .2 5	1 .1 9
			d d D i vi I en nc om e	0 .6 9	5 .2 0
	5 2 .8 4	6 6 4 .1
				1 8 6 .7 0	2 5 9 .1 9

			2 0 O C O T H E R I N M E
			al l S e-F at s	-	2 8 .0 0
				-	2 8 .0 0
			2 1 F I N A N C E C O S T S
	9 3 5 .7 1	9 0 8 .6 3	I nt st ere
			: O n L oa ns	1 4 1 .5 3	2 1 2 .6 7
			- h O t ers -	4 .1 4	0 .8 7

				1 4 5 .6 7	2 1 3 .5 4

O T A L	6 1 9 4 .5	6 8 .4 5	2 2 C A G S O S H N E I N I N V E N T R I E
	1 ,2 3 2 .6 1	1 ,0 9 0 .7 3	rad ed d T G oo s
			O g S k ni t pe n oc :
			d al l R esi i F t at en s	-	3 0 .4 0
				-	3 0 .4 0
			L : C l osi g S k t ess n oc :
			d al l R esi i F t at en s	-	-
				-	-
				-	3 0 .4 0
1 0 0			1 0 1

2 3 O Y X S S E M P L E E B E N E F I T E P E N E
al pl S o E y t ar m o ye es	1 5 .3 0	1 4 .6 2

	1 5 .3 0	1 4 .6 2
2 C O & O O 4 D E P R E I A T I N A M R T I Z A T I N E	X S S P E N E
l D eci i i at at g t e pr on re n o-
l - P y P & E i rt t t ro pe an qu pm en s	0 .7 5	0 .7 9
	0 .7 5	0 .7 9

2 5 O T H E R E X P E N S E S
A d i & E xh i b i i E rt t t ve sem en on x pe ns es	0 .4 9	0 .6 0
el l nd T i C rav n g a on ve ya nc e	1 .2 4	1 .3 5
P ri i g & S i nt t at n on ar y	0 .3 8	0 .4 9
d ( h ) R i M ai nt ot e pa rs an en an ce ers	0 .6 5	1 .3 1
el ph T e E e on x pe ns es	0 9 .5	0 .5 1
O f f E i ce x pe ns es	1 .4 1	2 .1 2
l rof al h L & P i C e ga ess on ar ge s	0 .6 2	1 .7 2
ud A i ' R i t t ors em un era on :
ud F S y A i t at ut t or or	0 .5 9	0 .5 9
ud F T A i t or ax	-	0 .2 4
F al A ud I i nt t or ern	0 .1 8	0 .1 8
h F O S i t or er erv ces	0 .3 8	0 .3 3
L i i g F st n ees	3 .5 4	3 .5 4
al I & P nt st t ere en y	0 .0 2	1 .0 7
rab l al of f ( ) I e B ri N t t et rre co ve an ces w en	-	1 .4 2
d A of f F i ri t t t xe sse s w en	-	1 .4 0
M i l l E sce an eo us x pe ns es	1 .7 8	2 .1 0
	1 1 .8 5	1 8 .9 6
2 6 X X S S T A E P E N E

T A S H I I N D I A	L I M I T E D		T A S H I I N D I A L I M I T E D
		C t t ax ur ren
		I e T nc om ax	3 .4 0	2 .5 0
		d I e T A j t nt nc om ax us me s	( ) 0 .0 9	( ) 0 .0 6
1 5 .3 0	1 4 .6 2		3 .3 1	2 .4 4
		ef ed D T ax err	( ) 2 3 .5 8	1 1 .7 2
		ef ed D T err ax	( 2 0 .2 6 )	6 1 4 .1

(i) The major components of tax expense for the years ended 31 March 2021 and 31 March 2020 are:

	2 0 2 0 2 0 2 1 -	2 0 1 9 2 0 2 0 -
C T t ur ren ax :
f C t t nt ur ren ax ex pe ns es or cu rre ye ar	3 .4 0	2 .5 0
C ai ni t t rt g t o ur ren ax ex pe ns es pe n
i ri od pr or pe s	( 0 .0 9 )	( 0 .0 6 )
	3 .3 1	2 .4 4
ef ed D t err ax	( 2 3 8 ) .5	2 1 1 .7
al ed h T i ot t rt n t ax ex pe ns e r e po e
of of l i st at t t em en pr or os s	( ) 2 0 .2 6	1 4 .1 6

(ii) The reconciliation of estimated income tax expense at statutory income tax rate to income tax expenses reported in statement of profit and loss is as follows:

	2 0 2 0 2 0 2 1 -	2 0 1 9 2 0 2 0 -
rof b ef P i i t e t ore nc om ax es	3 2 1 .1	8 .8 8
A y i t st at ut e t t or nc om ax ra e	2 6 %	% 2 6
ed E I e T ct x pe nc om ax ex pe ns es	3 .4 1	2 .3 1
T ef f f ad l j i ect nt s t ct ax s o us me o r eco nc e e x pe i e t nc om ax ex pe ns e	ed i e t nc om ax ex pe	ed e t rt ns o r e po
d ed b l f ( N i t t on ns or r uc e e x pe es ax pu po ses	) 6 4 7 N et	0 .8 7
nd h h d I ot pt nc om e u er er ea s - ex em	-	( ) 1 .3 5
od T ai i ri rt g t ax pe n o pr or pe s	( ) 0	( ) 0 .0 6

102 103

	T A S H I I N D I A L	I M I T E D		S T A H I I N D I A L I M I T E D
h ( ) O N t et ers	( ) 6 7 0	1 2 .3 9	N O T E S T O T H E A C C O U N T S … … … …
al T I e T ot nc om ax ex pe ns es	( ) 2 0	1 4 .1 6	2 G S S 7 E A R N I N P E R H A R E

(iii)Significant components of net deferred tax assets and liabilities for the year ended on 31st March, 2021 is as follows:

	O ni pe n	al g B an ce	Rec gni sed / o ed th gh rev ers rou f nd Pro it a Lo ss	sed / Rec gni o ed h in ot rev ers er h ive com pre ens inc om e	l C osi g n al B an ce
ef ed D T A t err ax sse	el s i i at n r on	t o:
d F i A t xe sse s		1 .6 2	0 .0 2	-	1 .6 4
I est nt nv me s		( ) 1 5 .2 4	6 .2 8	-	( ) 8 .9 6
h O t ers		-	3 7 .9 9	( ) 3 7 .9 9	-

ef ed N D T A et err ax	t sse s	( ) 1 3 .6 2	4 4 .2 9	( ) 3 7 .9 9	( ) 7 .3 2

Significant components of net deferred tax assets and liabilities for the year ended on 31st March, 2020 is as follows:

O pe	al ni g B n an ce	Rec sed / gni o ed th gh rev ers rou f nd Pro it a Lo ss	sed / Rec gni o ed h in ot rev ers er h ive com pre ens inc om e	C l osi g n B al an ce
ef ed el D T A s i t err ax sse n r	i at t on o:
d F i A t xe sse s I est nt nv me s	1 .4 2 ( 3 2 ) .4	0 .2 0 ( .8 2 ) 1 1	- -	1 .6 2 ( .2 ) 1 5 4
O h t ers	-	( 2 0 .8 ) 1	2 0 .8 1	-
ef ed A N D T et t err ax sse s	( 2 .0 0 )	( 3 2 .4 3 )	2 0 .8 1	( 1 3 .6 2 )

27 EARNINGS PER SHARE

The ''Earnings per share (EPS)'' has been calculated as specified in IND AS-33 on " Earning per share" prescribed by Companies (Accounting Standards) Rules, 2015 and related disclosures are as below,

	2 0 2 0- 2 0 2 1	2 0 1 9- 2 0 2 0
C al l nd F i g B asi at or cu n c a
l ed h D i i ut ea rn n g pe r s are ) rof b b l P i ri i t t t e t t y a s a ua o e qu
h ol d of h t ers e c om pa n y	1 4 1 .5 0	( 6 4 .5 0 )
b ) gh ed mb of W ei t av era ge nu er
h sed h e d i i t t t e qu y s are s u as en om na or
al l g E P S ( N .) i i at n c cu n os	7 .4 3	7 .4 3
) nd l ed S [ / b ] B asi D i E P ut c c a a	9 .0 6 1	( 8 .6 9 )

28 COMMITMENTS AND CONTINGENCIES

Contingent liabilities

104 105

l ab l ( d ed f ) C i i i i i i i t nt t t on n ge es no pr ov or n r	of ( I ct es pe :-	) n L acs
	2 0 2 0- 2 0 2 1	2 0 1 9- 2 0 2 0
	( n l ) i acs	( n l ) i acs
) S al T a es ax	8 .2 1 5	8 .2 1 5
b ) I e T nc om ax	3 .8 8	3 .8 8

106 107

29 FINANCIAL INSTRUMENTS

29.1Financial Instruments by category

The carrying value of financial instruments by categories as on 31st March, 2021 were as follows: ( in Lacs)

P i l art cu ars	N ot e ef R ere nc	F t e	ai r V h ro rof P L	al ue gh u & i t oss	F ai t	al r V ue h gh ro u O C I	A mo sed i rt C t os	al T ot ca rr y i g n l ue va	T al ot F ai r V al ue
al F i i A t na nc sse s
ash d sh C i an ca e qu va -	l t en s	3	-		-	7 .2 6		7 .2 6	7 .2 6
k b al h B ot t an an ce er -	h sh an ca
sh l & i t ca e qu va en s		4				3 1 4 .0 0	3	1 4 .0 0	3 1 4 .0 0
b l R i ece va es		-
rad b l -T e R i ece va es		5	-		-	1 8 .7 0		1 8 .7 0	1 8 .7 0
h b l -O R i t er ece va es		6	-		-	-		-	-
L oa ns		6	-		-	1 ,4 3 6 .6 4	1 ,4	3 6 .6 4	1 ,4 3 6 .6 4
I est nt nv me s		7	-	2 8 4 .3	1	1 3 6 .5 6		4 2 0 .8 7	4 2 0 .8 7
h al O F i i A t t er na nc sse	s	8	-		-	0 .2 2		0 .2 2	0 .2 2

al i i al A T F ot na nc sse	t s		-	2 8 4 .3	1	1 ,9 1 3 .3 8	2 ,1	9 7 .6 8
F al ab l i i L i i i i t na nc es
B i orr ow n gs		1 3	-		-	9 7 1 .5 2		9 7 1 .5 2	9 7 1 .5 2
O h f al l ab l i i i i i t er na nc	i t es	1 4	-		-	6 .4 2		6 .4 2	6 .4 2

al i i al i ab i T F L ot na nc	l i i t es				-	-	9	.9 7 7 4	9 .9 7 7 4

The carrying value of financial instruments by categories as on 31st March, 2020 were as follows: ( in Lacs)

		F ai	r V	al F ue	ai	r V al ue	A mo	al T ot	al T ot
P l i art	N ot e	h t	ro u	gh	h t	gh ro u	sed i rt	ca rr y	F ai r
cu ars	ef R ere nc	P e	rof i	& t		O C I	C t os	i g n	al V ue
			L oss					l ue va
al A F i i t na nc sse s
C ash d sh i an ca e qu va -	l t en s	3	-		-	3 .9 7 1	0	3 .9 0 7 1	3 .9 0 7 1
k b al h B ot t an an ce er -	h an
h sh l & i cas ca e qu va	t en s	4				2 9 7 .0	6	6 2 9 7 .0	6 2 9 7 .0
b l R i ece va es			-		-		-	-	-
rad b l -T e R i ece va es		5	-			2 1 .0	8
h b l -O R i t er ece va es		6	-		-		-	-	-
L oa ns		6	-		-	1 ,3 8 2 .2	8 1	,3 8 2 .2 8	1 ,3 8 2 .2 8
I est nt nv me s		7	-	1 3 8 .1	8	1 3 5 .9	6	2 7 4 .1 4	2 7 4 .1 4
h al O F i i A t t er na nc sse s		8	-		-	0 .2	2	0 .2 2	0 .2 2
			-		-
al al T F i i A ot t na nc sse s			-	1 3 8 .1	8	2 ,5 5 0 .5	1 2	,6 6 7 .6 1

al ab l F i i L i i i i t na nc es
B i orr ow n gs		1 3	-		-	1 ,6 2 1 .7	8 1	,6 2 1 .7 8	1 ,6 2 1 .7 8
h f al l ab l O i i i i i i t t er na nc	es	1 4	-		-	2 .1	1	2 .1 1	2 .1 1

T al F i i al L i ab i l i i ot t na nc	es	-	-			1 ,6 2 3 .8	8 1	,6 2 3 .8 8

Management estimations and assumptions

a) The management assessed that cash and cash equivalents, trade receivables, trade payables, bank overdrafts and other current liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments. b) The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. The following methods and assumptions were used to estimate the fair values:

(i) The fair values of the quoted shares and unquoted mutual funds are based on NAVs at the reporting date.
(ii) The fair values of the unquoted equity shares have been determined based on certifications from valuers who have used Book Value approach for determining the fair values.

29.2 Fair value hierarchy

The following table presents the fair value hierarchy of assets and liabilities measured at fair value on a recurring basis : (` in Lacs)

l P i art ars cu	N ot e		al F ai r v ue m ea	rem su	t at en en	d of
	ef R ere nc	e	h i t rt e r e po n	ri g pe	od / ye ar us	i g n
		el L 1 ev	el L 2 ev		el L 3 ev	al T ot
A 3 1 M st s o n	h , 2 0 2 1 arc
F i i al A na nc sse	t s
M l f d ut ua un s		-	-	-	- -
E qui y I t nst ent rum	( oth s er
th sub sid iar y, J an	7 oin ) t v ent ure s	.0 0 2	8 4 .3 1	-	1 3 6 .5 6	4 2 0 .8 7

A 3 1 M st s o n	h , 2 0 2 0 arc
al F i i A na nc sse	t s
l f d M ut ua un s		-	-	-	- -
E qui y I t nst ent rum	( oth th an s er
sub sid iar y, J oin t v	7 ) ent ure s	.0 0 1	3 8 .1 8	1 3 5 -	.9 6 2 7 4 .1 4

Level 1: Quoted Prices in active markets for identical assets or liabilities Level 2 : Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3: Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

29.3 Financial Risk Management

30 CAPITAL MANAGEMENT

108 109

The following are the objectives of Capital management policy of the company:

(i) Safeguard its ability to continue as a going concern, so that it can continue to provide returns for shareholders and benefits for other stake holders, and
(ii) Maintain an optimal capital structure to reduce the cost of capital

As a part of capital management strategy, the company may adjust the amount of dividends paid to shareholders, issue new shares, raise debt capital or sell

assets to reduce debt. The company monitors capital basis a gearing ratio which is calculated by dividing the total borrowings by total equity. The company's strategy is to maintain a gearing ratio as possible as lower. In order to achieve this overall objective, the company ensures to meet its financial covenants attached to the interest bearing loans and borrowings. There have never been any breaches in financial covenants of any interest bearing loans and borrowings in the past and also in the current period.

31 RELATED PARTY TRANSACTIONS

Related parties and transactions with them as specified in the IND AS-24 on "Related Party Disclosures"

issued by the ICAI has been identified and given below; 1. Enterprises where Control Exists: None

Other Related parties with whom the Company had transactions:

(a) Key Management personnel and there relatives:- Relatives :- Smt Bina Bajaj

(b) Enterprises over which Key Management personnel and their relatives are able to exercise Significant Influence-

"Bajaj Global Limited, Bajaj Steel Industries Limited, Rohit Techserve Limited, Bajaj Exports Pvt Ltd., Glycosic Merchants Pvt Ltd., Bajaj Chemo-plast (I) Ltd., Bajaj Trade Developments Limited, Prosperous Finance Co. Ltd., Nissan Merchandise Pvt. Ltd., Bajaj Reinforcement LLP., Rohit Polytex Ltd., Ridhi Vinimay Pvt. Ltd.""

NOTES: The parties listed under (b) above are not "related parties" as per the requirements of IND AS 24. However, as a matter of abundant caution, they are being included for making the Financial Statements more transparent.

(ii) Transactions with Related Parties ( In Lacs)

f h N at t ur e o e i t t ran on sac s	E i nt er pr ses ov M nt an a ge me h el ei i t at r r ve s a f si i i gn can	wh ch k i y er e l d P ers on ne an ab l rci e t re o e xe se nf l i t ue nc e	K y M nt e an a ge me el d h ei t pe rso nn an r rel i at ve s
	2 0 2 0- 2 1	2 0 1 9- 2 0	2 0 2 0- 2 1	2 0 1 9- 2 0
I nco me I t R i ved nte res ece	1 3 4 .9 6	1 8 9 .1 5 1 8 .7 8 5	-	-
E x pe ns es d I t P ai nte res al S y E ar x pe nse s E th x pe nse s o n o er vi ser ces	1 4 1 .4 4 - 0 .1 5	2 1 2 .6 7 1 5 4 .1 0 - 0 .1 5 - 0 .2 5	- 1 5 .3 0 - -	- 1 4 .6 2 - -
al d B i t st g ou an ce an n L G i ven oan L R d i oan ece ve th yab l O er P a es th vab l O er R i ece e	1 ,4 3 6 .6 4 7 5 1 .5 0 - 1 8 .7 0	1 3 8 2 .2 8 0 6 1 5 5 .4 1 6 2 1 .7 8 1 2 2 0 .9 2 - 4 .4 6 2 0 .8 3 1 9 .7 7 9	- - 1 .2 3 -	- - 0 .8 4 -

110 111

NOTES TO THE ACCOUNTS (Contd *)**

35.Particulars as required in terms of Paragraph 13 of Non Banking Financial (Non-Deposit Accepting & Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 :

L I A B I L I T I E S S I D E	A mt	( ) i n L acs A mt
d ad l ed b h L ai e oa ns an va nc es av	d O i ut st g an n	O rd ve ue
y t N B F C i l i of i ed nt st nc us ve ere ac cru
h b d i t ut t ere on no pa
S red ecu -	N I L	.A N	cl f 0 5 . I i i i i est cat on nv or gro u p w se ass of al l ( d l i est nt nt g nv me s cu rre an on ) h nd i ri i t t erm n s are s a se cu es
red U ns ecu -
k F B rom an s -	-
- F B od C i rat rom es or po e	2 2 0 .0 2	N .A	( b h ed d ed ) ot ot ot an un
h F O t rom ers -	7 5 1 .5 0 N .A		qu qu 1 . R el ed i at rt
	-	N I L	pa es
A S S E T S S I D E	A mt
k of d ad 0 1 . B L rea u p oa ns an va nc es	O d i ut st g an n
l ud g b l l b l [ h i i i i O t nc n s r ece va e er
h h l ud ed ( 2 ) b el ] i i t t an ose nc n ow
) red S a ecu	N I L 1 ,4 5 5 .5 6		i d d b k l at co ns ere oo va ue
( b ) U red ns ecu
	1 ,4 5 5 .5 6
k f sed nd k h 0 2 . B L A S t t rea u p o ea sse s a oc on	i re
d h h l ard i i t t t g t an y po eca on oa ns co un n ow E L / H P i vi i t t ac es	s N I L

k f 0 3 . B I est nt rea u p o nv me s
C I t est nt ur ren nv me s	N I L		3 6 A S S E T S S E C U R E D F O R B O R R O W I N
L g T I est nt on erm nv me s
h E i y S t qu are s			h e f ol l ab l i gi n i i n t g t s ve ow n e:
Q ed t uo	2 8 4 .3 1
ed U ot n qu	1 3 6 .5 6		F I N A N C I A L A S S E T S
ref h P ere nc e s are s			k b al h - B ot an an ce er
ed U ot n qu	N I L
al T ot	4 2 0 .8 7

2 1 1			1 1 3

T A S H I I N D I	A L I M I T E D		T A S H I I N	D I A L I M I T E D
		0 4 . B cl f of al i i i i cat orr ow er gro u p w se ass on k- -h d l d ad i set t as s , s oc on re an oa ns an ( l l ed of ) A i si et un sec ur , n pr ov on s 1 . R el ed i at art es	l l sed ea va nc es :
	( ) i n L acs A mt rd O ve ue	p ) ub d S si i ari a es b ) C h ni i n t p om pa es e s am e gro u ) O h rel ed i t at rt c er pa es h h l ed 2 . O i t t at art er an re p es al T ot	N I L - 1 ,4 3 6 .6 4 1 8 .9 2 1 ,4 5 5 .5 6
		0 5 . I i cl i f i i est cat on nv or gro u p w se ass of al l ( d l i est nt nt g nv me s cu rre an on	ark M et	ark M et
		) h nd i ri i t t erm n s are s a se cu es ( b h ed d ed ) ot ot ot qu an un qu	al / k V B U p ue rea F ai r V al N A V ue or	ook al B V ue ( N f P i si ) et o rov on s
-	N I L	el ed 1 . R i at rt pa es ) d S ub si i ari a es b ) C h ni i n t p om pa es e s am e gro u ) h rel ed O i t at rt c er pa es 2 . O h h l ed i t t at art er an re p es al T ot	N .A N .A 1 3 7 .3 1 2 8 3 .5 6 2 0 .8 4 7	N I L N I L 1 3 7 .3 1 2 8 3 .5 6 2 0 .8 4 7
1 ,4 5 5 .5 6		N B : B k- l f ed i ot est rea u p va ue o u n qu nv d d b k l i at co ns ere oo va ue	s b ei nt ot me n g n av	l ab l , h b ai n e as ee
		0 6 . O h nf i i t at er orm on erf 1 . G s N P i g A t ros on orm n sse s 2 . N N P erf i g A et t on orm n sse s red sf of d eb 3 . A i i i i t at act sse s a c qu n s on	t	( ) A t mo un N I L N I L N I L
		3 6 S S S S C O O O A E T E U R E D F R B R R W I N h f red T yi t set e c arr n g a mo un s o as s s ecu h e f ol l ab l i gi n i i n t g t s ve ow n e:	G S f d nt or cu rre an no n c	b i t ur ren orr ow n gs
		l P i art No tes cu ars C S S S F I N A N I A L A E T	h 31s t M , 20 arc	h 21 31s t M , 20 20 arc
		k b al h - B ot an an ce er h sh sh l & i t t an ca ca e qu va en s	3 1 4	.0 0 2 9 7 .0 6
		al T ot	3 1 4	.0 0 2 9 7 .0 6

AI assistant

Tashi India Ltd. — AGM Information 2021

63677_rns_2021-09-02_3340a961-6419-4e5c-82a8-899a7fd03f73.pdf

TASHI INDIA LIMITED

TtLtsE;Cl202t-2022119

BSE SCRIP CODE : 512271

Dear Sir /Madam' .

TASHI INDIA LIMITED

BOARD OF DIRECTORS

AUDITORS

TASHI INDIA LIMITED

N O T I C E

ORDINARY BUSINESS :-

NOTES :

TASHI INDIA LIMITED

11 .Voting through Electronic Means :

The instructions for members for voting electronically are as under :

13. Voting Through Physical Ballot Form :

TASHI INDIA LIMITED TASHI INDIA LIMITED TASHI INDIA LIMITED DIRECTORS' REPORT

FINANCIAL RESULTS :

DIVIDEND:

WORKING & PERFORMANCE :

EXTRACT OF ANNUAL RETURN :

NUMBER OF BOARD MEETINGS :

SEPARATE MEETING OF INDEPENDENT DIRECTORS :

DECLARATION BY INDEPENDENT DIRECTORS :

DIRECTORS' RESPONSIBILITY STATEMENT:

DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SECTION 143(12):

PUBLIC DEPOSITS :

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES :

SECRETARIAL AUDITOR :

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

CORPORATE SOCIAL RESPONSIBILITY POLICY:

BOARD EVALUATION :

AUDIT COMMITTEE :

NOMINATION & REMUNERATION COMMITTEE :

VIGIL MECHANISM :

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, RESEARCH AND DEVELOPMENT:

FOREIGN EXCHANGE EARNINGS AND OUTGO:

DIRECTORS:

ASSOCIATE COMPANIES:

CONSOLIDATED FINANCIAL STATEMENTS:

LISTING OF SHARES:

STATUTORY AUDITORS AND AUDITORS' REPORT :

DETAILS OF SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS OR COURT OR TRIBUNAL:

INTERNAL FINANCIAL CONTROLS :

STATUTORY DISCLOSURES:

MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF THE COMPANY:

ACKNOWLEDGEMENT:

FORM NO. MGT - 9

EXTRACT OF ANNUAL RETURN (As on 31.03.2021

Pursuant to Section 92 (3) of the Companies Act, 2013 and Rule 12(1) of the Company (Management & Administration) Rules, 2014.

I. REGISTRATION & OTHER DETAILS:

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY:

IV. SHAREHOLDING PATTERN

(Equity Share Capital Breakup as Percentage of Total Equity) TASHI INDIA LIMITED - i) Category-wise Share Holding

IV SHAREHOLDING PATTERN (Equity Share Capital Breakup as Percentage of Total Equity)

TASHI INDIA LIMITED

(iii) Change in Promoters' Shareholding ( please specify, if there is no change)

TASHI INDIA LIMITED

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL-

B. REMUNERATION TO OTHER DIRECTORS :

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MANAGING DIRECTOR / MANAGER / WHOLETIME DIRECTOR

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES: -

Form No. MR-3 SECRETARIAL AUDIT REPORT FOR THE FINANCIAL YEAR ENDED 2019-20

To, The Members, Tashi India Limited Imambada Road, Nagpur-440018 Maharshtra.

We have also examined compliance with the applicable clauses of the following:

TASHI INDIA LIMITED

we further report that

The Members, Tashi India Limited

Secretarial Audit Report of even date is to be read along with this letter.

AUDITORS' REPORT

To the Members of M/s TASHI INDIA LIMITED,

Report on the standalone Financial Statements

Basis for Opinion

Emphasis of Matter

Key Audit Matters

Principal Audit Procedures:

Information other than the Financial Statements and Auditor's Report thereon

TASHI INDIA LIMITED

Tashi India Ltd. AGM Information 2021

BSE SCRIP CODE : ⁵¹²²⁷¹