HEUBACHIND2024-01-012024-03-31 HEUBACHIND2024-01-012024-03-31 HEUBACHIND2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member HEUBACHIND2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member HEUBACHIND2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 506390 HEUBACHIND NOTLISTED Heubach Colorants India Limited Equity 2023-04-01 2024-03-31 2024-05-29 2024-05-14 INR Lakhs Yearly 19:00:00 21:15:00 2024-05-29 2024-05-29 true Cash Flow Indirect Declaration of unmodified opinion Single segment Manufacturing of Colorants 2024-01-01 2024-03-31 Audited Standalone 2049100000.00 53600000.00 2102700000.00 1066700000.00 286500000.00 -97700000.00 236000000.00 7400000.00 59700000.00 457500000.00 2016100000.00 86600000.00 0.00 86600000.00 41400000.00 -13200000.00 28200000.00 0.00 58400000.00 0.00 0.00 0.00 0.00 58400000.00 -2300000.00 56100000.00 56100000.00 0.00 230800000.00 10 2.53 2.53 0.00 0.00 2.53 2.53 TheaboveresultshavebeenreviewedbytheAuditCommitteeandapprovedbytheBoardofDirectorsatitsmeetingheldonMay29,2024.IntermsofSEBICircularCIR/CFD/CMD56/2016datedMay27,2016,theCompanyherebydeclaresthattheAuditorshaveissuedAuditReportwithunmodifiedopiniononauditedresultsfortheyearendedMarch31,2024.ThisStatementhasbeenpreparedinaccordancewiththeCompanies(IndianAccountingStandards)Rules,2015(IndAS)prescribedunderSection133oftheCompaniesAct,2013andotherrecognisedaccountingpracticesandpoliciestotheextentapplicable.TheCompanyhadrecordedtaxexpense892Lakhsandinterestthereon630aggregatingto1,522LakhsinrespectofAY201213againstthefinalassessmentorderdatedNovember22,2022consequenttoMutualAgreementProcedureresolutionagreedbetweenIndianandSingaporecompetentauthoritiesinaccordancewithrule44G6oftheIncomeTaxRules,1962.ThiscasewasprimarilyrelatedtotransferpricingadjustmentarisingfrominternationaltransactionswithAssociatedEnterpriseClariantSingaporePteLtd.TheCompanyhaddeposited1832lakhsunderprotestwithIncomeTaxAuthoritiesinearlieryears.ThetaxexpensesandinterestthereonhadbeendisclosedunderTaxexpenseofprioryearsandExceptionalitemrespectivelyfortheyearendedMarch31,2023.TheCompanyhadbeenreportingitsoperatingsegmentsas1PlasticandCoatingand2SpecialtyChemicals.However,fromthecurrentfinancialyear,theChiefOperatingDecisionMakerCODMhasrevisitedtheirreviewofthecompany’sperformanceandallocationofresourcestobeunderasingleoperatingsegmentvizColorantshavingsimilareconomiccharacteristicsprimarilywithoperationsinIndia.Assuch,theCompany'sbusinessactivityfallswithinasingleprimarybusinesssegmentviz Colorants inlinewithINDAS108 OperatingSegments . TheCompanyhadenteredintoa PowerPurchaseAgreement (PPAwithDalavaipuramRenewablesPrivateLimitedDRPLdatedJanuary31,2023pursuanttowhich(CaptivePowerProducerwouldproduceandsupplysolarpowerforcaptiveusebytheCompany(CaptiveUser).Aspartofthearrangement,theCompany,ContinumGreenEnergyIndiaPrivateLimitedCGEIPLandDRPLhadenteredintoa SharePurchaseandShareholdersAgreement (SPSAdatedMay15,2023.BoththePPAandtheSPSAhadbeenexecutedasthesamearerequiredforaPowerPlanttoqualifyasaCaptiveGeneratingPowerPlantaspertheElectricitylaws.Duringthepreviousquarter,theinvestmentofRs.123.16lakhsrepresentedby3,07,896equitysharesofRs.10eachand9,23,662NoninterestbearingoptionallyconvertibledebentureofRs.10eachofDRPLwasmadebytheCompanyandthesamewillbecarriedatfairvaluethroughProfitandLoss.TheBoard,attheirmeetingheldonFebruary03,2023,basedonrecommendationoftheNomination&RemunerationCommittee,approvedtheappointmentofMr.JugalSahu,ChiefFinancialOfficeroftheCompanyasExecutiveDirectorandChiefFinancialOfficerforaperiodof3yearsfromFebruary3,2023toFebruary2,2026,whichwasapprovedbytheshareholdersbywayofaSpecialResolutionthroughPostalBallotonMarch24,2023.TheCompanyhadenteredintoa CaptivePowerAgreement (CPA)withFirstEnergy2PrivateLimitedFE2PL datedDecember02,2022pursuanttowhichFE2PL(CaptivePowerProducerwouldproduceandsupplysolarpowerforcaptiveusebytheCompany(CaptiveUser).Aspartofthearrangement,theCompany,FirstEnergyPrivateLimited('FEPL'andFE2PLhadenteredintoa ShareSubscription&ShareholdersAgreement(SSSAdatedDecember02,2022.BoththeCPAandtheSSSAhadbeenexecutedasthesamearerequiredforaPowerPlanttoqualifyasaCaptiveGeneratingPowerPlantaspertheElectricitylaws.TheinvestmentofRs.300lakhsrepresentedby30,00,000equitysharesofRs.10eachofFE2PLasmadebytheCompany,hadbeendesignatedasinvestmentinUnquotedEquitySharesandthesamewillbecarriedatfairvaluethroughProfitandLoss.OnOctober19,2023,theHonourableSupremeCourtofIndiadeliveredajudgmentfavouringtheRevenueauthoritiesinacaseinvolvinganotherCompany.Thejudgmentwasrelatedtothe‘MostFavouredNation(MFN)’clausebenefit,whichtheCompanyhadpreviouslyutilized,resultinginadeductionofwithholdingtaxondividendrepatriationsatalowertaxrate.Duringtheyear,theCompanyhaspaidthedifferentialtaxliabilityofINR1,734LakhstoIndiantaxauthoritiesandalsoreceivedthesamefrompromotershareholdersbasedonindemnificationrightsaffirmedbythem. Single segment 2023-04-01 2024-03-31 Audited Standalone 7907000000.00 87200000.00 7994200000.00 3936600000.00 917000000.00 800000.00 748700000.00 21900000.00 226100000.00 1583100000.00 7434200000.00 560000000.00 0.00 560000000.00 175200000.00 -26600000.00 148600000.00 0.00 411400000.00 0.00 0.00 0.00 0.00 411400000.00 -11200000.00 400200000.00 400200000.00 0.00 230800000.00 10 4493600000.00 17.82 17.82 0.00 0.00 17.82 17.82 Other Expenses 457500000.00 Other Expenses 1583100000.00 1370500000.00 38700000.00 0.00 89400000.00 0.00 0.00 0.00 0.00 42300000.00 0.00 500000.00 105600000.00 148400000.00 0.00 818100000.00 2465100000.00 1240100000.00 0.00 1949200000.00 1077300000.00 55500000.00 700000.00 38800000.00 3121500000.00 0.00 428300000.00 4789900000.00 0.00 0.00 7255000000.00 230800000.00 4493600000.00 4724400000.00 4724400000.00 0.00 0.00 249000000.00 249000000.00 106000000.00 26700000.00 0.00 0.00 381700000.00 0.00 1751800000.00 128700000.00 1880500000.00 48500000.00 107500000.00 112400000.00 0.00 2148900000.00 0.00 0.00 2530600000.00 7255000000.00 21900000.00 52900000.00 234200000.00 0.00 146400000.00 -77800000.00 0.00 -3700000.00 0.00 -20900000.00 0.00 0.00 0.00 226100000.00 0.00 700000.00 17900000.00 -1400000.00 -26600000.00 -10100000.00 0.00 53600000.00 0.00 0.00 0.00 0.00 0.00 39700000.00 0.00 545700000.00 1105700000.00 0.00 0.00 0.00 160600000.00 0.00 945100000.00 0.00 0.00 0.00 12300000.00 0.00 0.00 0.00 0.00 700000.00 165200000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4400000.00 0.00 0.00 0.00 -172400000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18000000.00 0.00 0.00 3800000.00 0.00 -13000000.00 -34800000.00 737900000.00 0.00 737900000.00 339400000.00 1077300000.00 -3100000.00 -15000000.00 -800000.00 -3800000.00 0.00 0.00