BACQ Acquisition Annual Filings

BAC ACQUISITIONS PRIVATE LIMITED
Standalone Financial Statements for period 10/12/2018 to 31/03/2019
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
10/12/2018
to
31/03/2019
BAC ACQUISITIONS PRIVATE
Name of company LIMITED
Corporate identity number U72900KA2018PTC119297
Permanent account number of entity AAICB1598F
3rd Floor, Salarpuria
Business Center, 93, 5th
Address of registered office of company A Block, Koramangala Ind
Layout Bangalore
Bangalore KA 560095 IN
Commercial and
Type of industry Industrial
Registration date 10/12/2018
Category/sub-category of company Non-govt company
Whether company is listed company No
Date of board meeting when final accounts were approved 02/08/2019
Date of start of reporting period 10/12/2018
Date of end of reporting period 31/03/2019
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other
No
relevant books and papers in electronic form
Whether books of account and other books and papers are maintained
No
on cloud
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] Advisory IT Consulting
10/12/2018 10/12/2018
to to
31/03/2019 31/03/2019
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 9983 9983
Other Financials
Description of product or service category Services
IT Consulting
Turnover of product or service category 9,45,49,204.42 3,11,47,690.58

Highest turnover contributing product or service (ITC 8 digit) code 99831319 99831171
Other Financials
Description of product or service Services
IT Consulting
Turnover of highest contributing product or service 9,45,49,204.42 3,11,47,690.58

BAC ACQUISITIONS PRIVATE LIMITED Standalone Financial Statements for period 10/12/2018 to 31/03/2019
[400400] Disclosures - Directors report
Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Product/service 1 Product/service 2
Principal business activities of company [Axis]
[Member] [Member]
10/12/2018 10/12/2018
to to
31/03/2019 31/03/2019
Details of principal business activities contributing 10% or more of total turnover
of company [Abstract]
Details of principal business activities contributing 10% or more of total
turnover of company [LineItems]
Name of main product/service Advisory IT
Financial business
processes
Description of main product/service management
IT consulting
services
NIC code of product/service 9983117 9983131
Percentage to total turnover of company 75.00% 25.00%
Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Material contracts/arrangements/transactions at arm's length basis [Axis] 1 2
10/12/2018 10/12/2018
to to
31/03/2019 31/03/2019
Name of related party Ankit Agarwal Sachin Bansal
Key managerial Key managerial
Nature of related party relationship personnel or his personnel or his
relative relative
Details of material contracts/arrangements/transactions at arm's length basis [Abstract]
Details of material contracts/arrangements/transactions at arm's length basis
[LineItems]
Key managerial Key managerial
Nature of related party relationship personnel or his personnel or his
relative relative
Share Capital,
Description of nature of material contracts/arrangements/transactions with Unsecured Loan &
Unsecured Loan &
related party its repayment
its repayment
Duration of material contracts/arrangements/transactions with related party NA NA
Details of shareholding of promoters [Table] ..(1)

Promoters [Axis] Ankit Agarwal Sachin Bansal
10/12/2018 10/12/2018
to to
31/03/2019 31/03/2019
Total number of shares held at end of period [shares] 990 [shares] 50,99,010
Percentage of total shares held at end of period 0.02% 99.98%
Percentage of change in shares held during year -0.97% 0.97%
Details of shareholding of promoters [Abstract]
Details of shareholding of promoters [LineItems]
Shareholder’s name Ankit Agarwal Sachin Bansal
Percentage of change in shares held during year -0.97% 0.97%
2
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] 1 2
10/12/2018 10/12/2018
to to
31/03/2019 31/03/2019
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director Sachin Ankit
Last name of director Bansal Agarwal
Designation of director Director Director
Director identification number of director 02356346 08299808
Date of signing board report 02/08/2019 02/08/2019
3

10/12/2018
to
31/03/2019
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
During the year under
review, with a view of
expansion and growth of
Description of state of companies affair the company along with the
ongoing business, the
company also expanded in
the advisory services.
During the financial year
Disclosure relating to amounts if any which is proposed to carry to any under review, the Company
reserves has not transferred any
amount to reserves.
Since the company is in the
early stage of the
business and planning for
Disclosures relating to amount recommended to be paid as dividend the business expansion,
no dividend is being
recommended for the year.
Details regarding energy conservation [See below]
Details regarding technology absorption [See below]
Foreign Exchange Inflow:
Details regarding foreign exchange earnings and outgo Nil Foreign Exchange
Outflow: Rs. 37,85,212
Disclosures in director’s responsibility statement [See below]
Details of material changes and commitment occurred during period Textual information (5)
affecting financial position of company [See below]
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (7)
188(1) [TextBlock] [See below]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Whether there are material contracts/arrangements/transactions at
Yes
arm's length basis
Date of board of directors' meeting in which board's report referred
02/08/2019
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Textual information (8)
[TextBlock] [See below]
Details of change in promoters shareholding [TextBlock]
Details of shareholding pattern of directors and key managerial
personnel [TextBlock]
Y o u r
Directors’ state that the
Disclosure of statement on declaration given by independent directors provisions of
under section 149(6) [TextBlock] independent directors
don’t apply to the
company
Disclosure for companies covered under section 178(1) on Provisions

directors appointment and remuneration including other matters of Section 178 doe snot
provided under section 178(3) [TextBlock] apply to your
company
Disclosure of statement on development and implementation of risk Textual information (9)
management policy [TextBlock] [See below]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Disclosure of financial summary or highlights [TextBlock] [See below]
During the
year under review, with
a view of expansion and
growth of the company
Disclosure of change in nature of business [TextBlock] along with the ongoing
business, the company
also expanded in the
advisory
services.
4
Details of directors or key managerial personnels who were Textual information (12)
appointed or have resigned during year [TextBlock] [See below]
Disclosure of companies which have become or ceased to be its
subsidiaries, joint ventures or associate companies during NA
year [TextBlock]
Details relating to deposits covered under chapter v of companies act Textual information (13)
Details of deposits which are not in compliance with requirements
of chapter v of act [TextBlock] NA
During the
Details of significant and material orders passed by year there are no
significant &
regulators or courts or tribunals impacting going concern material orders passed
status and company’s operations in future [TextBlock] by a regulator for the
company.
Details regarding adequacy of internal financial controls with Textual information (14)
reference to financial statements [TextBlock] [See below]
Disclosure of appointment and remuneration of managerial personnels Textual information (15)
Number of meetings of board 12
5
Disclosure in board of directors report explanatory [Text Block]

1 st ANNUAL REPORT
(Period covered -10.12.2019 to 31.03.2019)
CONTENTS
Corporate Information
Notice
Director's Report
Extract of Annual Return
Financial Statement
Proxy Form
Attendance Slip
Route Map
CORPORATE INFORMATION
CIN: U72900KA2018PTC119297
6
BOARD OF DIRECTORS
Mr. Sachin Bansal Director

Mr. Ankit Agarwal Director
COMPANY SECRETARY
Miss. Shubham Shrivastava

(w.e.f 23.04.2019)
STATUTORY AUDITORS
Varma & Varma
Chartered Accountants
#424 4 th C Main, 6 th Cross,
OMBR Layout, Banaswadi
Bangalore-560043, KA
REGISTERED OFFICE
3 rd Floor, Salarpuria Business Center, 93, 5 th A Block, Koramangala Ind Layout
Bangalore, Karnataka - 560 095, India
Email ID:sachinbansal81@gmail.com
NOTICE
NOTICE is hereby given that the First Annual General Meeting of M/s. BAC Acquisitions Private Limited will be held at the registered office
situated at 3 rd Floor, Salarpuria Business Center, 93, 5 th A Block, Koramangala Ind Layout Bangalore - 560 095, Karnataka, India on 30 th day
of August, 2019 at 11.00 AM to transact the following business:
ORDINARY BUSINESS :
To consider and adopt the Financial Statements of the Company for the financial year ended 31st March, 2019, together with the reports of the
Board of Directors and the Auditor’s thereon.
To consider and if thought fit, to pass, with or without modification, the following resolution as an ordinary resolution:
“ RESOLVED THAT pursuant to the provisions of Section 139 and other applicable provisions, if any, of the Companies Act, 2013, read with
rules made thereunder, Walker Chandiok & Co LLP , Chartered Accountants, Mumbai (FRN 001076N/N500013), be and are hereby appointed as
the Statutory Auditor of the Company, to hold office from the conclusion of this Annual General Meeting till the conclusion of the Annual
General Meeting to be held in the year 2024, at such remuneration and on such terms and conditions as may be mutually agreed between them
and the Board of Directors of the Company.”
SPECIAL BUSINESS :
There are no Special Business to be transacted in the meeting.
Place: Bangalore by order of the Board

Dated: 02.08.2019 For BAC Acquisitions Private Limited
7
Shubham Shrivastava
Company Secretary
Membership No: ACS- 43766
NOTES:
A member entitled to attend and vote is entitled to appoint a proxy, or where that is allowed, one or more proxies to attend and vote instead of
himself/herself and the proxy need not be a member of the company.
The instrument of proxy in order to be effective must be deposited at the registered office of the company not less than 48 hours before the
meeting.
A person shall not act as a proxy for more than 50 members and holding in the aggregate not more than 10 percent of the total voting share capital
of the Company. However, a single person may act as proxy for a member holding more than 10 Percent of the total voting share capital of the
Company provided that such person shall not act as proxy for any other person.
A proxy form is sent herewith. Proxies submitted on behalf of the companies, societies etc., must be supported by an appropriate
resolution/authority, as applicable.
Corporate members intending to send their authorised representatives to attend the Meeting are requested to send to the Company a certified true
copy of the Board resolution authorising their representative to attend and vote on their behalf at the meeting.
Members are requested to notify immediately any change in their addresses to the Company.
Members are requested to bring their copy of Annual Report to the Annual General Meeting.
All documents referred to in the accompanying notice are open for inspection at the Registered office of the Company on all working days, except
Sundays and Holidays, up to the date of the Annual General Meeting.

Shubham Shrivastava
Company Secretary
Membership No: ACS- 43766
DIRECTORS’ REPORT
To
The Members,
Your Directors have immense pleasure in presenting the 1 st Annual Report of your Company and the Audited Financial Statements for the
Financial Year ended March 31, 2019 .
8
FINANCIAL PERFORMANCE
The financial performance of the Company for the year ended 31 st March, 2019 is as under:
(in Rs.)
Particulars F.Y. 2018-19
Total Income 16,70,84,734
Total Expenses 12,58,71,558
Profit/ (loss) before tax 4,12,13,176
Tax Expense:
a) Current Tax 2,18,89,896
b) Deferred Tax Charge/(Credit) 10,704
Total Tax Expense 2,19,00,600
Profit for the year 1,93,12,576
Weighted Average no of equity shares outstanding as at year end 28,30,357
Earning per shares 6.82
During the year under review the company has recorded a total income of Rs 16,70,84,734 and an expense of Rs. 12,58,71,558.
RESERVES AND SURPLUS
During the financial year under review, the Company has not transferred any amount to reserves.
DIVIDEND
Since the company is in the early stage of the business and planning for the business expansion, no dividend is being recommended for the year.
MEETINGS
The Board meets at regular intervals to discuss and decide on the Company’s business policies and other regular board business. Notices, along
with agenda of Board meetings are sent well in advance to all the directors and usually, all Board meetings are held at the Registered Office of the
Company. The Agenda for the Board meetings includes detailed notes on the items to be discussed at the meeting to enable the Directors to take
an informed decision.
Number of Meetings of the Board:
In the financial year under review, the Board met twelve (12) times on such dates the details are as under:
S No. DATE OF BOARD MEETING PLACE
1 13.12.2018 Registered Office
9
*Your Directors state that the maximum interval between any two meetings did not exceed 120 days.
The details of attendance of Directors for the Board Meetings are as follows:
No of Meetings
Directors
Attended
SACHIN BANSAL 12
ANKIT AGARWAL 12
DIRECTORS
During the period under review, there was no change in the composition of the Board since the date of incorporation of the company. Your
Directors’ state that the provisions of independent directors don’t apply to the company. Hence the board of directors consists of:
DIN NAME DESIGNATION BEGIN DATE
02356346 SACHIN BANSAL DIRECTOR 10.12.2018
08299808 ANKIT AGARWAL DIRECTOR 10.12.2018
10
NATURE OF COMPANY’S BUSINESS
During the year under review, with a view of expansion and growth of the company along with the ongoing business, the company also
expanded in the advisory services.
DISCLOSURES UNDER SECTION 134(3)(L) OF THE COMPANIES ACT, 2013
Except as disclosed elsewhere in this report, no material changes and commitments which could affect the Company’s financial position have
occurred between the end of the financial year of the Company and date of this report.
STATUS OF THE COMPANY
The Company is a newly incorporated private limited company, limited by shares in compliance with the applicable provisions of the
Companies Act, 2013.
CHANGE IN DIRECTORS AND KEY MANAGERIAL PERSONNEL
During the period under review, there was no change in the composition of the Board. Your Directors state that there were no pecuniary
relationships or transactions of the Non-Executive Directors vis-à-vis the Company during the Year under review.
(Your Director’s further state that Miss Shubham Shrivastava, bearing membership no 43766 has been appointed as the Company Secretary of
BAC Acquisitions Private Limited wef 23.04.2019.)
COMPANY’S POLICY RELATING TO DIRECTORS APPOINTMENT, PAYMENT OF REMUNERATION AND DISCHARGE OF THEIR
DUTIES
In the company, no Directors are drawing any remuneration and are not paid any sitting fees for the Board Meetings/ Committee Meetings
attended by them.
BOARD EVALUATION
The Companies Act, 2013 states that a formal annual evaluation needs to be made by the Board of its own performance and that of its committees
and individual directors. The evaluation of all the directors and the Board as a whole was conducted based on the criteria and framework adopted
by the Board.
SUBSIDIARY, JOINT VENTURE AND ASSOCIATE COMPANIES
As on the date of this report, the Company is not a subsidiary or has no subsidiary or any associate Company.
SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS
During the year there are no significant & material orders passed by a regulator for the company.
CHANGES IN SHARE CAPITAL
During the period under review, the Company has increased the Authorized Share Capital of the Company from Rs. 1,00,00,000 (Rupees One
Crore only) divided into 1,00,000 (One lakh) equity shares of Rs. 100/- (Rupees Hundred) each to Rs. 75,00,00,00,000/- (Rupees Seven Thousand
Five Hundred Crores Only) by creation of further 74,99,00,000 (Seventy-Four crores Ninety-Nine Lakhs) Equity shares of Rs. 100/- (Rupees
Hundred) each ranking pari-passu with the existing Shares of the Company approved by the members in the Extra Ordinary General Meeting held
on 26 th December, 2018 and further issued 50,00,000 (Fifty Lakh equity shares of Rs 100 each) allotted on 25.01.2019 to Mr Sachin Bansal
giving him the stake of 99.98% as right issue against the consideration of Rs. 50,00,00,000. Hence, this leads to the change in the capital structure
of the company.
The Authorized Capital as well as Subscribed, Issued and Paid-up Capital are as follows as on date:
AUTHORISED SHARE CAPITAL: Rs. 75,00,00,00,000 (Rupees Seven Thousand Five Hundred Crores Only), composed of 75,00,00,000
(Seventy-Five Crores) Equity shares of Rs. 100 (Rupees Hundred) each.
ISSUED, SUBSCRIBED AND FULLY PAID UP CAPITAL: Rs. 51,00,00,000 (Rupees Fifty-One Crores), composed of 51,00,000
(Fifty-One Lakh) Equity shares at Rs.100 each.
ISSUE OF EQUITY SHARES WITH DIFFERENTIAL RIGHTS
During the year, the Company has not issued equity shares with differential rights.
EMPLOYEE STOCK OPTIONS
During the year, the Company has not issued employee stock options.
SWEAT EQUITY SHARES
11
During the year, the Company has not issued sweat equity shares.
BUY BACK OF SECURITIES
During the year, the Company has not bought back securities.
BONUS SHARES
During the year, the Company has not issued bonus shares.
VOLUNTARY REVISION OF FINANCIAL STATEMENTS OR BOARD’S REPORT
There is no voluntary revision of Financial Statements or Board’s Report of the company.
CORPORATE SOCIAL RESPONSIBILITY
During the period under review, the provisions of section 135 of the Companies Act,2013
which deals with the CSR (Corporate Social Responsibility) are not applicable on the company.
AUDIT COMMITTEE
Audit Committee provisions are not applicable to the Company.
STATEMENT INDICATING THE MANNER IN WHICH FORMAL ANNUAL EVALUATION HAS BEEN MADE BY THE BOARD OF ITS
OWN PERFORMANCE, ITS DIRECTORS, AND THAT OF ITS COMMITTEES
The provisions are not applicable to the Company .
NOMINATION & REMUNERATION COMMITTEE POLICY
The provisions are not applicable to the Company.
VIGIL MECHANISM
CORPORATE GOVERNANCE
MANAGEMENT DISCUSSION AND ANALYSIS
STATUTORY AUDITORS
M/s Varma & Varma (FRN 004532S), chartered Accountants, were appointed as first auditors of your company by the board to hold their
place of office till the conclusion of the 1st annual general meeting. However, the board now recommends Walker Chandiok & Co LLP,
Chartered Accountants, Mumbai, (FRN-001076N/N500013) as the statutory auditors of the company, to hold office from the conclusion of this
Annual General Meeting till the conclusion of the Annual General Meeting to be held in the year 2024, subject to members approval in the
Annual General Meeting of the company. The resolution seeking the appointment of Walker Chandiok & Co LLP as the new auditors of the
company has been included in the notice of the annual general meeting.
AUDITOR’S REPORT
The Statutory Auditors of the Company for the period under review, M/s Varma & Varma, have submitted their Auditor’s Report. Your Directors
state that it does not contain any qualification. Notes to Accounts and Auditors' remarks in their report are self-explanatory and do not call for any
further comments.
COST RECORDS
Maintenance of Cost Audit Record is not applicable to the Company .
INTERNAL AUDITOR
The provisions of Internal Audit are not applicable to the Company.
SECRETARIAL AUDIT
The provisions relating to Secretarial Audit are not applicable to the Company. However, all the Secretarial Compliance including ROC form
filings, Maintenance of Statutory Registers and relevant documents etc. are adhered to by the Company.
12
REPORTING OF FRAUDS BY AUDITORS

During the year under review the Statutory Auditors have not reported any instances of frauds committed in the Company by its Officers or
Employees to the Board of Directors under section 143(12) of the Companies Act 2013.
EXTRACT OF ANNUAL RETURN
As required pursuant to section 92(3) of the Companies Act, 2013, and rule 12(1) of the Companies (Management and Administration) Rules,
2014, an extract of annual return in Form MGT 9 forms a part of this Report as ANNEXURE III .
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186
Your Company is maintaining register relating to loans, investments and guarantees. The details of investments, guarantees, loans and other
significant transactions are given in detail in the “NOTES TO THE FINANCIAL STATEMENTS” attached to this report. Your Directors inform
you that wherever applicable, the details are duly entered in the register.
DEPOSITS
During the year under review, your Company neither accepted any deposits nor there were any amounts outstanding at the end of the financial
year which were classified as ‘Deposits’ in terms of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposit)
Rules, 2014 and hence, the requirement for furnishing the details of deposits which are not in compliance with the Chapter V of the Companies
Act, 2013 is not applicable.
PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES
The details of all the related party transactions entered by the Company in ordinary course of business are given in FORM AOC- 2 as Annexure II
which forms part of this Report.
DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND
REDRESSAL) ACT, 2013
Pursuant to the applicable provisions of the act , Companies having more than 10 employees at any of their offices/ branches are required to
constitute an “Internal Complaint Committee”. During the period under review the Company did not fall under the provisions; however as on
date, the company is having more than 10 employees and has set up an internal compliance system which will monitor and implement compliance
under the said Act, which ensures that women’s complaint redressal is addressed on time. During the year, the Company has not received any
complaints in this regard.
STATUTORY DISCLOSURE
PARTICULARS OF EMPLOYEES U/SECTION 197 OF COMPANIES ACT, 2013, (Read with Rule 5 of Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014.
The Company has no employee drawing remuneration equal to or more than the limits prescribed under the provisions of section 197 of the
Companies Act, 2013, read with Rule 5 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.
CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION
Considering the nature of its business, the company has no activities relating to conservation of energy and technology absorption. The Company
uses electric energy for general lighting, air-conditioning, computer terminals and utilities in the office premises. However, as an ongoing process,
measures are undertaken to keep the energy consumption to minimum wherever possible.
FOREIGN EXCHANGE EARNINGS AND OUTGO
Foreign Exchange Inflow: Nil

Foreign Exchange Outflow: Rs. 37,85,212
COMPLIANCE WITH THE COMPANIES ACT
Your Directors confirm that the Company has complied with all the relevant provisions of the Companies Act, 2013 and other laws, wherever
applicable, and filed necessary forms with the Registrar of Companies.
INTERNAL FINANCIAL CONTROL
Your Directors inform you that a s per notification G.S.R. 583(E) dated 13th June, 2017 read with the corrigendum S.O.2218(E) dated 13th June,
2017 issued by the Ministry of Corporate Affairs, the reporting requirement on internal financial controls under section 143(3)(i) of the Act, is not
applicable to the Company for the year as the turnover for the Company is less than the prescribed threshold limit of rupees fifty crores and there
were no borrowings from banks or financial institutions or anybody corporate at any point of time during the year.
TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND
Your Company did not have any funds lying unpaid or unclaimed for a period of seven years. Therefore, there were no funds which were
13
required to be transferred to Investor Education and Protection Fund (IEPF).
DIRECTORS' RESPONSIBILITY STATEMENT:
The Directors’ Responsibility Statement referred to in clause ( c ) of sub-section ( 3 ) of Section 134 of the Companies Act, 2013, shall state
that—
in the preparation of the annual accounts, 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 judgments and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the
company for that period;
the directors have taken proper and sufficient care for 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 directors have prepared the annual accounts on a going concern basis;
the directors have laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and
are operating effectively.
the directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and
operating effectively.
RISK MANAGEMENT POLICY
The Company has developed and implemented a risk management policy which identifies major risks which may threaten the existence of
the Company. The same has also been adopted by your Board and is also subject to its review from time to time. Risk mitigation process and
measures have been also formulated and clearly spelled out in the said policy.
ACKNOWLEDGEMENTS
We thank our clients, investors and bankers for the continued support during the year. We place on record our appreciation to various State
Government and Local Authorities. Your Directors also wish to place on record their appreciation of employees at all levels for their commitment
and continued contribution to the Company.

Sachin Bansal Ankit Agarwal

Director Director
DIN: 02356346 DIN:08299808
REGISTERED OFFICE
3 rd Floor, Salarpuria Business Center,93, 5 th A Block, Koramangala Ind Layout, Bangalore, Karnataka – 560 095, India
14
Annexures to Director’s Report

ANNEXURE – 1
Form AOC-1
(Pursuant to first Proviso to Sub-Section 3 of Section 129 read with rule 5 of the Companies (Accounts) Rules,2014)
Statement containing salient features of the financial statements of subsidiaries
The company has no subsidiaries.
ANNEXURE-2
FORM NO. AOC -2

(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014)
Form for disclosure of particulars of contracts/arrangements entered in to by the Company with related parties referred to in sub-section (1) of
Section 188 of the Companies Act, 2013 including certain arm’s length transactions under third proviso thereto
1. There are no contracts/arrangements entered in to by the Company with related parties referred to in sub-section (1) of Section 188 of the
Companies Act, 2013 which are not at arm’s length basis.
2. Details of material contracts or arrangements or transactions at Arm’s length basis:
Salient terms of the

Duration of the contracts/
Nature of contracts/
Sl. Name(s) of the related party and contracts/ arrangements/
arrangements/ Advances
No. nature of relationship arrangements/ transactions
transactions
transactions including the value,
if any
1. Ankit Agarwal - Director Unsecured Loan FY 2018-19 -- Rs. 40,00,00,000
2. Ankit Agarwal - Director Unsecured Loan FY 2018-19 Repayment Rs. 40,00,00,000
Salaries and other

3. Ankit Agarwal - Director FY 2018-19 -- Rs. 5,15,68,387
Employee Benefits
4. Ankit Agarwal - Director Share Capital FY 2018-19 -- Rs. 99,000
Reimbursement of
5. Ankit Agarwal - Director FY 2018-19 -- Rs. 30,883
Expenses
6. Sachin Bansal - Director Unsecured Loan FY 2018-19 -- Rs.8,60,00,00,000
7. Sachin Bansal - Director Unsecured Loan FY 2018-19 Repayment Rs.8,60,00,00,000
8. Sachin Bansal - Director Share Capital FY 2018-19 -- Rs. 50,99,01,000
Reimbursement of
9. Sachin Bansal - Director FY 2018-19 -- Rs. 2,07,266
Expenses
15

Sachin Bansal Ankit Agarwal

Director Director
DIN: 02356346 DIN:08299808
REGISTERED OFFICE
3 rd Floor, Salarpuria Business Center,
93, 5 th A Block, Koramangala Ind Layout,
Bangalore, Karntaka – 560 095, India
Form No . MGT-9
EXTRACT OF ANNUAL RETURN AS ON THE FINANCIAL YEAR ENDED ON 31.03.2019
[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the
Companies (Management and Administration) Rules, 2014]
REGISTRATION AND OTHER DETAILS :
CIN U72900KA2018PTC119297
Registration Date 10/12/2018
Name of the Company BAC ACQUISITIONS PRIVATE LIMITED
Category/Sub - Category of the Company COMPANY LIMITED BY SHARES
Address of the Registered office and contact 3rd FLOOR, SALAPURIA BUSINESS CENTER, 93, 5th A Block, Koramangala
details Ind Layout Bangalore Bangalore KA 560095 IN
Whether listed company NO
16
Name, Address and Contact details of NA

Registrar and Transfer Agent, if any
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
All the business activities contributing 10% or more of the total turnover of the company shall be stated: -
Sl.No. Name and Description of main products/ services NIC Code of the Product/ service % to total turnover of the company
1 Other Financials Services 66190 75.22
PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES: Nil
Holding/ Subsidiary Applicable

Sr. No. Name and Address of The Company CIN/GLN %of shares held
/ Associate Section
NA NA NA NA NA NA
SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
Category-wise Share Holding
Category of % Change during

No. of Shares held at the beginning of the year No. of Shares held at the end of the year
Shareholders The year
% of % of
Demat Physical Total Total Demat Physical Total Total
Shares Shares
Promoter
Indian
Individual/ HUF Nil 1,00,000 1,00,000 100 Nil 51,00,000 51,00,000 100 0.97%
Central Govt
State Govt(s)
Bodies Corp Nil
Banks / FI
17
Any Other
Nil 1,00,000 1,00,000 100 Nil 51,00,000 51,00,000 100 0.97%

Sub-total(A)(1):-
Foreign Nil Nil Nil Nil Nil Nil Nil Nil Nil
NRIs-Individuals
Other-Individuals
Bodies Corp.
Banks / FI
Any Other….
Nil Nil Nil Nil Nil Nil Nil Nil Nil

Sub-total(A)(2):-
Public Shareholding Nil Nil Nil Nil Nil Nil Nil Nil Nil
Institutions
Mutual Funds
Banks / FI
Central Govt
State Govt(s)
Venture Capital Funds
Insurance Companies
FIIs
Foreign Venture Capital Funds
Others (specify)

Sub-total(B)(1)
18
2. Non Institutions Nil Nil Nil Nil Nil Nil Nil Nil Nil
Bodies Corp.
(i) Indian
(ii) Overseas
Individuals
Nil
(i) Individual shareholders holding nominal
share capital upto Rs. 1 lakh
(ii) Individual shareholders holding nominal

share capital in excess of Rs 1 lakh
Others(Specify)

Sub-total(B)(2)

Total Public Shareholding (B)=(B)(1)+ (B)(2)
Shares held by Custodian for GDRs & ADRs
Grand Total
Nil 1,00,000 1,00,000 100 Nil 51,00,000 51,00,000 100 0.97%
(A+B+C)
Shareholding of Promoters
Sl. No. Shareholder’s Name Shareholding at the beginning of the year Shareholding at the end of the year
% of total % of Shares Pledged/ % of total % of Shares Pledged % change in

No. of No. of
Shares of the encumbered to total Shares of the / encumbered to total share-holding
Shares Shares
company shares company shares during the year
Mr
Sachin 99,010 99.01 Nil 50,99,010 99.98 Nil 0.97
Bansal
Mr Ankit
2. 990 0.99 Nil 990 0.02 Nil -0.97
Agarwal
Change in Promoters’ Shareholding (please specify, if):
19
Sl. No. Shareholding at the beginning of the year Cumulative Shareholding during the year
% of total
No. of % of total shares No. of
shares of the
shares of the company shares
company
At the beginning of the year 1,00,000 100 1,00,000 100
Date wise Increase / Decrease in Promoters Share holding during the

50,00,000 Nil 50,00,000 Nil
year specifying the reasons for increase/ decrease: Allotment
At the End of the year 51,00,000 100 51,00,000 100
Shareholding Pattern of Top Ten Shareholders (Other than Directors, Promoters and holders of GDRs and ADRs)
Sl. Name of the Shareholding at the Beginning of Increase/Decrease in Cumulative Shareholding at the end
No. Shareholder the Year Shareholding of the year
No. of Shares % of total shares of the company Increase Decrease No. of Shares % of total shares of the company
1 Nil Nil Nil Nil Nil Nil Nil
Shareholding of Directors and Key Managerial Personnel (KMP):
Sl. Name of the Shareholding at the Date wise Increase/Decrease in Cumulative Shareholding at the
No. Director/KMP Beginning of the Year Shareholding during the year end of the year
No. of % of total shares of the No. of % of total shares of the

Increase Decrease
Shares company Shares company
Mr. Sachin
1. 99,010 99.01 50,00,000 - 50,99,010 99.98
Bansal
Mr. Ankit
2. 990 0.99 - - 990 0.02
Agarwal
INDEBTEDNESS: Nil
Indebtedness of the Company including interest outstanding/accrued but not due for payment
Unsecured
Secured Loans excluding Total
20
deposits Deposits Indebtedness

Loans
Indebtedness at the beginning of the financial year

i) Principal Amount
ii) Interest due but not paid
iii) Interest accrued but not Nil Nil Nil Nil
Total(i+ii+iii) Nil Nil Nil Nil
Change in Indebtedness during the financial year

- Addition
- Reduction
Net Change Nil Nil Nil Nil
Indebtedness at the
end of the financial year
i) Principal Amount
ii) Interest due but not paid iii) Interest accrued but not Nil Nil Nil Nil
due
Total (i+ii+iii) Nil Nil Nil Nil
REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
A. Remuneration to Managing Director, Whole-time Directors and/or Manager: NIL
Total
Sl. No. Particulars of Remuneration Name of MD/WTD/ Manager/Secretary
Amount
Mr. Ankit
Agarwal
Gross salary
(a)Salary as per provisions containedinsection17(1) of the Income-tax Mr Sachin -- --
Nil
Act , Bansal
1961
(b)Value of perquisites u/s Nil Nil Nil Nil
17(2) Income-tax Act ,
1961
(c)Profits in lieu of salary undersection17(3)Income- taxAct , 1961
Stock Option Nil Nil Nil Nil Nil
Sweat Equity Nil Nil Nil Nil Nil
Commission
- as % of profit Nil Nil Nil Nil Nil
- Others, specify…
21
Others, please specify (Salary for being an employee) 51,568,387 Nil Nil Nil 51,568,387
Total(A) Nil Nil Nil Nil Nil
Ceiling as per the Act Nil Nil Nil Nil Nil
B. Remuneration to other Directors: Nil
Total
Sl. No. Particulars of Remuneration Name of MD/WTD/ Manager
Amount
Independent Directors
·Fee for attending board committee meetings
Nil Nil Nil Nil Nil
· Commission
·Others, please specify
Total (1) Nil Nil Nil Nil Nil
Other Non - Executive Directors

Nil Nil Nil Nil Nil
·Commission
Total(B)= (1+2) Nil Nil Nil Nil Nil
Total Managerial Remuneration Nil Nil Nil Nil Nil
Overall Ceiling as per the Act Nil Nil Nil Nil Nil
C. Remuneration to Key Managerial Personnel Other Than MD/Manager/WTD: Nil
Particulars of
Sl. no. Key Managerial Personnel
Remuneration
Company
CEO CFO Total
Secretary
Gross salary
(a)Salary as per provisions contained in section17(1) of the Income-tax Act , 1961
(b)Value of perquisites u/s
17(2) Income-tax
Act , 1961 Nil Nil Nil Nil
22
(c)Profits in lieu of salary under section

17(3) Income-tax
Act , 1961
Stock Option Nil Nil Nil Nil
Sweat Equity Nil Nil Nil Nil
Commission
- as %of profit Nil Nil Nil Nil
-others, specify…
Others, please specify Nil Nil Nil Nil
Total Nil Nil Nil Nil
PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES: Nil
Details of Penalty/ Authority

Section of the companies Brief Appeal made. If any (give
Type Punishment/ Compounding fees [RD
Act description details)
imposed /NCLT/Court]
A. Company
Penalty Nil Nil Nil Nil Nil
Punishment Nil Nil Nil Nil Nil
Compounding Nil Nil Nil Nil Nil
B. Directors
C. Other Officers in Default
23

CIN: U72900KA2018PTC119297
3rd Floor, Salarpuria Business Center, 93, 5th A Block, Koramangala Ind Layout Bangalore KA 560095 IN
ATTENDANCE SLIP
1 st ANNUAL GENERAL MEETING OF BAC ACQUISITIONS PRIVATE LIMITED HELD ON 30 th DAY OF AUGUST, 2019 AT 10.00
AM. AT THE REGISTERED OFFICE OF THE COMPANY AT 3RD FLOOR, SALARPURIA BUSINESS CENTER, 93, 5TH A BLOCK,
KORAMANGALA IND LAYOUT BANGALORE KA 560095 IN
Regd. Folio No ___, No. of Shares held _______ (of Rs. 100/- each)
I, _____________, certify that I am the Registered Shareholder of the Company and hereby record my presence at the ___________ Meeting of
the Company on ___________ 2019 at _____A.M/P.M at the Registered Office of the Company at 3rd Floor, Salarpuria Business Center, 93, 5th
A Block, Koramangala Ind Layout Bangalore KA 560095 IN.
CIN: U72900KA2018PTC119297
3rd Floor, Salarpuria Business Center, 93, 5th A Block, Koramangala Ind Layout Bangalore Bangalore KA 560095 IN
FORM MGT-11: Proxy Form

[ Pursuant to section 105 ( 6 ) of the Companies Act, 2013 and rule 19 ( 3 )
of the Companies ( Management and Administration ) Rules, 2014 ]
CIN: U72900KA2018PTC119297
Name of the company: BAC ACQUISITIONS PRIVATE LIMITED
Registered office: 3rd Floor, Salarpuria Business Center, 93, 5th A Block, Koramangala Ind Layout Bangalore KA 560095 IN.
Name of the member(s):
Registered address:
E-mail Id:
Folio No/Client Id:
DP ID:
I/We, being the member(s) of ……… shares of the above-named company, hereby appoint
1. Name: ……………………
Address………………….
………………………………………
……………………………………….
E-mail Id:
Signature……………., or failing him
2. Name: ……………………
Address…………………………….
………………………………………
……………………………………….
E-mail Id:
Signature……………., or failing him
as my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the …… Annual General Meeting of the company, to be held on
the ……day of……. At………. a.m./p.m. at 3rd Floor, Salarpuria Business Center, 93, 5th A Block, Koramangala Ind Layout Bangalore KA
560095 IN and at any adjournment thereof in respect of such resolutions as are indicated below:
24
Resolution No.
1………………………………….
2…………………………………
3……………………………….
Signed this…… day of……… 20….
Signature of shareholder
Affix RevenueStamp
Signature of Proxy holder(s)
Note: This form of proxy in order to be effective should be duly completed and deposited at the Registered
Office of the Company, not less than 48 hours before the commencement of the Meeting.
ROUTE MAP
Details regarding energy conservation

Details regarding technology absorption

Disclosures in director’s responsibility statement

The Directors’ Responsibility Statement referred to in clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, shall state that—
a) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to
material departures; b) the directors have selected such accounting policies and applied them consistently and made judgments and estimates that
are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit
and loss of the company for that period; c) the directors have taken proper and sufficient care for 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; d) the directors have prepared the annual accounts on a going concern basis; e) the directors have laid down internal financial
controls to be followed by the company and that such internal financial controls are adequate and are operating effectively. f) the directors have
devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating
effectively.
Details of material changes and commitment occurred during period affecting financial position of company
Except as disclosed elsewhere in this report, no material changes and commitments which could affect the Company’s financial position have
occurred between the end of the financial year of the Company and date of this report.
25
Particulars of loans guarantee investment under section 186 [Text Block]

Your Company is maintaining register relating to loans, investments and guarantees. The details of investments, guarantees, loans and other
significant transactions are given in detail in the “NOTES TO THE FINANCIAL STATEMENTS” attached to this report. Your Directors inform
you that wherever applicable, the details are duly entered in the register.
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
The details of all the related party transactions entered by the Company in ordinary course of business are given in FORM AOC- 2 as Annexure II
which forms part of this Report.
26
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
Form No . MGT-9
EXTRACT OF ANNUAL RETURN AS ON THE FINANCIAL YEAR ENDED ON 31.03.2019
[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the
Companies (Management and Administration) Rules, 2014]
REGISTRATION AND OTHER DETAILS :
CIN U72900KA2018PTC119297
Registration Date 10/12/2018
Name of the Company BAC ACQUISITIONS PRIVATE LIMITED
Category/Sub - Category of the Company COMPANY LIMITED BY SHARES
Address of the Registered office and contact 3rd FLOOR, SALAPURIA BUSINESS CENTER, 93, 5th A Block, Koramangala
details Ind Layout Bangalore Bangalore KA 560095 IN
Whether listed company NO
Name, Address and Contact details of

NA
Registrar and Transfer Agent, if any
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
All the business activities contributing 10% or more of the total turnover of the company shall be stated: -
Sl.No. Name and Description of main products/ services NIC Code of the Product/ service % to total turnover of the company
1 Other Financials Services 66190 75.22
PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES: Nil
Holding/ Subsidiary Applicable

Sr. No. Name and Address of The Company CIN/GLN %of shares held
/ Associate Section
NA NA NA NA NA NA
SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
Category-wise Share Holding
27
Category of % Change during

No. of Shares held at the beginning of the year No. of Shares held at the end of the year
Shareholders The year
% of % of
Demat Physical Total Total Demat Physical Total Total
Shares Shares
Promoter
Indian
Individual/ HUF Nil 1,00,000 1,00,000 100 Nil 51,00,000 51,00,000 100 0.97%
Central Govt
State Govt(s)
Bodies Corp Nil
Banks / FI
Any Other
Nil 1,00,000 1,00,000 100 Nil 51,00,000 51,00,000 100 0.97%

Sub-total(A)(1):-
Foreign Nil Nil Nil Nil Nil Nil Nil Nil Nil
NRIs-Individuals
Other-Individuals
Bodies Corp.
Banks / FI
Any Other….

Sub-total(A)(2):-
Public Shareholding Nil Nil Nil Nil Nil Nil Nil Nil Nil
28
Institutions
Mutual Funds
Banks / FI
Central Govt
State Govt(s)
Venture Capital Funds
Insurance Companies
FIIs
Foreign Venture Capital Funds
Others (specify)

Sub-total(B)(1)
2. Non Institutions Nil Nil Nil Nil Nil Nil Nil Nil Nil
Bodies Corp.
(i) Indian
(ii) Overseas
Individuals
Nil
(i) Individual shareholders holding nominal
share capital upto Rs. 1 lakh
(ii) Individual shareholders holding nominal

share capital in excess of Rs 1 lakh
Others(Specify)

Sub-total(B)(2)

Total Public Shareholding (B)=(B)(1)+ (B)(2)
29
Shares held by Custodian for GDRs & ADRs
Grand Total
Nil 1,00,000 1,00,000 100 Nil 51,00,000 51,00,000 100 0.97%
(A+B+C)
Shareholding of Promoters
Sl. No. Shareholder’s Name Shareholding at the beginning of the year Shareholding at the end of the year
% of total % of Shares Pledged/ % of total % of Shares Pledged % change in

No. of No. of
Shares of the encumbered to total Shares of the / encumbered to total share-holding
Shares Shares
company shares company shares during the year
Mr
Sachin 99,010 99.01 Nil 50,99,010 99.98 Nil 0.97
Bansal
Mr Ankit
2. 990 0.99 Nil 990 0.02 Nil -0.97
Agarwal
Change in Promoters’ Shareholding (please specify, if):
Sl. No. Shareholding at the beginning of the year Cumulative Shareholding during the year
% of total
No. of % of total shares No. of
shares of the
shares of the company shares
company
At the beginning of the year 1,00,000 100 1,00,000 100
Date wise Increase / Decrease in Promoters Share holding during the

50,00,000 Nil 50,00,000 Nil
year specifying the reasons for increase/ decrease: Allotment
At the End of the year 51,00,000 100 51,00,000 100
Shareholding Pattern of Top Ten Shareholders (Other than Directors, Promoters and holders of GDRs and ADRs)
Sl. Name of the Shareholding at the Beginning of Increase/Decrease in Cumulative Shareholding at the end
No. Shareholder the Year Shareholding of the year
No. of Shares % of total shares of the company Increase Decrease No. of Shares % of total shares of the company
30
1 Nil Nil Nil Nil Nil Nil Nil
Shareholding of Directors and Key Managerial Personnel (KMP):
Sl. Name of the Shareholding at the Date wise Increase/Decrease in Cumulative Shareholding at the
No. Director/KMP Beginning of the Year Shareholding during the year end of the year
No. of % of total shares of the No. of % of total shares of the

Increase Decrease
Shares company Shares company
Mr. Sachin
1. 99,010 99.01 50,00,000 - 50,99,010 99.98
Bansal
Mr. Ankit
2. 990 0.99 - - 990 0.02
Agarwal
INDEBTEDNESS: Nil
Indebtedness of the Company including interest outstanding/accrued but not due for payment
Unsecured
Secured Loans excluding Total
Deposits
deposits Indebtedness
Loans
Indebtedness at the beginning of the financial year

i) Principal Amount
ii) Interest due but not paid
iii) Interest accrued but not Nil Nil Nil Nil
Total(i+ii+iii) Nil Nil Nil Nil
Change in Indebtedness during the financial year

- Addition
- Reduction
Net Change Nil Nil Nil Nil
Indebtedness at the
end of the financial year
i) Principal Amount
ii) Interest due but not paid iii) Interest accrued but not Nil Nil Nil Nil
due
Total (i+ii+iii) Nil Nil Nil Nil
REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
31
A. Remuneration to Managing Director, Whole-time Directors and/or Manager: NIL
Total
Amount
Mr. Ankit
Agarwal
Gross salary
Nil
Act , Bansal
1961
1961
Commission
B. Remuneration to other Directors: Nil
Total
Sl. No. Particulars of Remuneration Name of MD/WTD/ Manager
Amount
Independent Directors
Nil Nil Nil Nil Nil
· Commission
Other Non - Executive Directors

Nil Nil Nil Nil Nil
·Commission
32
Total(B)= (1+2) Nil Nil Nil Nil Nil
Total Managerial Remuneration Nil Nil Nil Nil Nil
Overall Ceiling as per the Act Nil Nil Nil Nil Nil
C. Remuneration to Key Managerial Personnel Other Than MD/Manager/WTD: Nil
Particulars of
Sl. no. Key Managerial Personnel
Remuneration
Company
CEO CFO Total
Secretary
Gross salary
(a)Salary as per provisions contained in section17(1) of the Income-tax Act , 1961
(b)Value of perquisites u/s
17(2) Income-tax
Nil Nil Nil Nil
Act , 1961
(c)Profits in lieu of salary under section
17(3) Income-tax
Act , 1961
Stock Option Nil Nil Nil Nil
Sweat Equity Nil Nil Nil Nil
Commission
- as %of profit Nil Nil Nil Nil
-others, specify…
Others, please specify Nil Nil Nil Nil
Total Nil Nil Nil Nil
PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES: Nil
Details of Penalty/ Authority

Section of the companies Brief Appeal made. If any (give
Type Punishment/ Compounding fees [RD
Act description details)
imposed /NCLT/Court]
A. Company
33
B. Directors
C. Other Officers in Default
Disclosure of statement on development and implementation of risk management policy [Text Block]
The Company has developed and implemented a risk management policy which identifies major risks which may threaten the existence of the
Company. The same has also been adopted by your Board and is also subject to its review from time to time. Risk mitigation process and
measures have been also formulated and clearly spelled out in the said policy.
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
During the period under review, the provisions of section 135 of the Companies Act,2013
which deals with the CSR (Corporate Social Responsibility) are not applicable on the company
34
Disclosure of financial summary or highlights [Text Block]
Particulars F.Y. 2018-19
Total Income 16,70,84,734
Total Expenses 12,58,71,558
Profit/ (loss) before tax 4,12,13,176
Tax Expense:
a) Current Tax 2,18,89,896
b) Deferred Tax Charge/(Credit) 10,704
Total Tax Expense 2,19,00,600
Profit for the year 1,93,12,576
Weighted Average no of equity shares outstanding as at year end 28,30,357
Earning per shares 6.82
During the year under review the company has recorded a total income of Rs 16,70,84,734 and an expense of Rs. 12,58,71,558.
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
BOARD OF DIRECTORS
Mr. Sachin Bansal Director

Mr. Ankit Agarwal Director
COMPANY SECRETARY
Miss. Shubham Shrivastava

(w.e.f 23.04.2019)
35
Details relating to deposits covered under chapter v of companies act [Text Block]
During the year under review, your Company neither accepted any deposits nor there were any amounts outstanding at the end of the financial
year which were classified as ‘Deposits’ in terms of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposit)
Rules, 2014 and hence, the requirement for furnishing the details of deposits which are not in compliance with the Chapter V of the Companies
Act, 2013 is not applicable.
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
Your Directors inform you that a s per notification G.S.R. 583(E) dated 13th June, 2017 read with the corrigendum S.O.2218(E) dated 13th June,
2017 issued by the Ministry of Corporate Affairs, the reporting requirement on internal financial controls under section 143(3)(i) of the Act, is not
applicable to the Company for the year as the turnover for the Company is less than the prescribed threshold limit of rupees fifty crores and there
were no borrowings from banks or financial institutions or anybody corporate at any point of time during the year.
Disclosure of appointment and remuneration of managerial personnels [Text Block]
Total
Amount
Mr. Ankit
Agarwal
Gross salary
Nil
Act , Bansal
1961
1961
Commission
36
[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

VARMA &
Auditors [Axis]
VARMA
10/12/2018
to
31/03/2019
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
VARMA &
Name of audit firm VARMA
GEORGY
Name of auditor signing report MATHEW
Firms registration number of audit firm 004532S
Membership number of auditor 209645
3rd Floor, Salarpuria
Business Center, 93,
5th A Block,
Address of auditors Koramangala Ind
Layout, Bangalore,
Karnataka - 560 095
Permanent account number of auditor or auditor's firm ATQPA8888A
SRN of form ADT-1 Z99999999
Date of signing audit report by auditors 02/08/2019
Date of signing of balance sheet by auditors 02/08/2019
37
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark
[Member]
10/12/2018
to
31/03/2019
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report
[LineItems]
The Company is
maintaining proper
records showing full
Disclosure in auditors report relating to fixed assets particulars, including
quantitative details
and situation of fixed
assets;
Textual information
Disclosure relating to physical verification and material discrepancies of fixed assets (16) [See below]
The Company does
not own any
immovable property,
Disclosure relating to title deeds of immovable properties hence, paragraph
3(i)(c) of the Order
is not applicable to
the Company.
The Company does
not have any
inventory and hence
the reporting
requirements
Disclosure in auditors report relating to inventories contained in
Paragraph 3(ii) of
the order regarding
inventory are not
applicable to the
Company.
Textual information
Disclosure in auditors report relating to loans (17) [See below]
Textual information
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013 (18) [See below]
Textual information
Disclosure in auditors report relating to deposits accepted (19) [See below]
Textual information
Disclosure in auditors report relating to maintenance of cost records (20) [See below]
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (21) [See below]
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (22) [See below]
Disclosure in auditors report relating to public offer and term loans used for purpose for which Textual information
those were raised (23) [See below]
Disclosure in auditors report relating to fraud by the company or on the company by its officers Textual information
or its employees reported during period (24) [See below]
Textual information
Disclosure in auditors report relating to managerial remuneration (25) [See below]
Textual information
Disclosure in auditors report relating to Nidhi Company (26) [See below]
Textual information
Disclosure in auditors report relating to transactions with related parties (27) [See below]
Disclosure in auditors report relating to preferential allotment or private placement of shares or Textual information
convertible debentures (28) [See below]
Disclosure in auditors report relating to non-cash transactions with directors or persons connected Textual information
with him (29) [See below]
Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India Textual information
Act, 1934 (30) [See below]
38

10/12/2018
to
31/03/2019
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
Disclosure relating to physical verification and material discrepancies of fixed assets

According to the information and explanations provided to us and based on our verification of records maintained and provided to us by the
Company, the fixed assets of the Company have been physically verified by the management during the year and no material discrepancies have
been noticed on such verification. In our opinion frequency of verification is reasonable.
Disclosure in auditors report relating to loans

Company, the Company has not granted any loans, secured or unsecured to companies, firms, Limited Liability Partnerships or other parties
covered in the register maintained under section 189 of the Companies Act, 2013. Therefore, the provisions of clause 3(iii) (a) to 3(iii) (c) of the
said Order are not applicable to the Company.
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
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 Act, with respect to the loans, investments, guarantees and securities.
Disclosure in auditors report relating to deposits accepted

Company, the Company has not accepted any deposits from the public within the meaning of sections 73 to 76 of the Act and the rules framed
there under to the extent notified.
Disclosure in auditors report relating to maintenance of cost records

Company, provisions of section 148 of the Act with regard to maintenance of cost records are not applicable to the Company.
Disclosure in auditors report relating to statutory dues [Text Block]

Company, in our opinion, the Company is regular in depositing undisputed statutory dues including provident fund, income-tax, goods and
services tax and any other applicable statutory dues, with the appropriate authorities and no statutory dues were outstanding for more than six
months from the due date as at the year end. According to the information and explanations provided to us and based on our verification of
records maintained and provided to us by the Company, there are no statutory dues as at the year-end which have not been deposited on account
of any dispute.
39
Disclosure in auditors report relating to default in repayment of financial dues

Company, the Company has not availed any loans or borrowings from financial institution or bank or Government and it has not issued any
debentures as at the balance sheet date.
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
Company, the Company has not raised any money by way of initial public offer or further public offer (including debt instruments) and the
Company has not obtained any term loans during the year.
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
Company, no frauds by the Company or on the Company by its officers or employees, were noticed or reported during the year.
Disclosure in auditors report relating to managerial remuneration

Section 197 relating to managerial remuneration applies only to a public company and is not applicable to a Private Company. Accordingly,
reporting under clause 3 (xi) is not applicable to the Company.
Disclosure in auditors report relating to Nidhi Company

Company, the Company is not a Nidhi Company and Nidhi Rules, 2014 are not applicable to it, the provisions of Clause 3(xii) of the Order are
not applicable to the Company.
Disclosure in auditors report relating to transactions with related parties

Company, the Company has entered into transactions with related parties in compliance with the provisions of Sections 177 and 188 of the Act.
The details of such related party transactions have been disclosed in the financial statements as required by the applicable accounting standards.
Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
Company, the Company has not made any preferential allotment or private placement of shares or fully or partly paid convertible debentures
during the year and hence reporting under clause 3 (xiv) of the Order is not applicable to the Company.
40
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
Company, the Company has not entered into any non-cash transactions with directors or persons connected with them. Accordingly, paragraph
3(xv) of the Order are not applicable to the Company.
Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India Act, 1934
Company, the Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934. Accordingly, the provisions
of clause 3(xvi) of the order are not applicable to the Company.
41
Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITORS’ REPORT
To,
The Members,
BAC Acquisitions Private Limited,
Bengaluru
Report on the Audit of the Financial Statements
Opinion
We have audited the financial statements of BAC Acquisitions Private Limited (“the Company”), which comprise the Balance Sheet as at March
31, 2019, the Statement of Profit and Loss and the Statement of Cash Flows for the period 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 (“the Act”) in the manner so required and give a true and fair view in conformity with the
Accounting Standards prescribed under section 133 of the Act read with Rule 7 of the Companies (Accounts) Rules, 2014 and other accounting
principles generally accepted in India, of the state of affairs of the Company as at March 31,2019, its profit and its cash flows for the period 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
(ICAI) 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 the requirements and the ICAI‘s Code
of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
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 Board of Directors’ report and
other information to be published along with 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 and will 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 identified above and, in doing so,
consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or
otherwise appears to be materially misstated. We have read and considered Board of Directors’ Report and other information and have noticed
nothing inconsistent.
Responsibility of Management for the 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 and presentation of these financial statements that give a true and fair view of the financial position, financial performance and
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 relevant rules issued thereafter.
This responsibility also includes the 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 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.
The Board of Directors are also responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether
due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a
guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
42
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 the
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.
Report on Other Legal and Regulatory Requirements
As required by the Companies (Auditor’s Report) Order, 2016 (“Order”) issued by the Central Government of India in terms of sub-section (11)
of section 143 of the Companies Act, 2013, we give in the Annexure A, a statement on the matters specified in Paragraphs 3 and 4 of the Order, to
the extent applicable.
As required by section 143(3) of the Act, we report that:
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.
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.
The Balance Sheet, the Statement of Profit and Loss and Cash Flow Statement dealt with by this report are in agreement with the books of
account.
In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7
of Companies (Accounts) Rules, 2014.
On the basis of the written representations received from the directors as on March 31, 2019, taken on record by the Board of Directors, none of
the directors is disqualified as on March 31, 2019, from being appointed as a director in terms of Section 164(2) of the Act.
As per notification G.S.R. 583(E) dated 13th June, 2017 read with the corrigendum S.O.2218(E) dated 13th June, 2017 issued by the Ministry of
Corporate Affairs, the reporting requirement on internal financial controls under section 143(3)(i) of the Act, is not applicable to the Company for
the year as the turnover for the Company is less than the prescribed threshold limit of rupees fifty crores and the borrowings from banks or
financial institutions or any body corporate at any point of time during the year is less than the threshold limit of rupees twenty five crores; and
With respect to the other matters to be included in the Auditor’s Report in accordance with the requirements of section 197(16) of the Act, as
amended:
Section 197 relating to managerial remuneration applies only to a public company and is not applicable to a Private Company. Accordingly, the
43
Company does not need to comply with the requirements of section 197.
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:
the Company does not have any pending litigations which would impact its financial position.
the Company has not entered into any long-term contracts including derivative contracts that could have any material foreseeable losses.
there were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.
For VARMA & VARMA

FRN 004532S
GEORGY MATHEW
Partner
M No.209645
Place: Bengaluru
Date:02/08/2019
UDIN: 19209645AAAABO4573
ANNEXURE A TO THE INDEPENDENT AUDITORS’ REPORT
The Annexure referred to in Independent Auditors’ Report to the members of the Company on the financial statements of BAC Acquisitions
Private Limited for the year ended March 31, 2019
a. The Company is maintaining proper records showing full particulars, including quantitative details and situation of fixed assets;
Company, the fixed assets of the Company have been physically verified by the management during the year and no material discrepancies have
been noticed on such verification. In our opinion frequency of verification is reasonable.
The Company does not own any immovable property, hence, paragraph 3(i)(c) of the Order is not applicable to the Company.
The Company does not have any inventory and hence the reporting requirements contained in Paragraph 3(ii) of the order regarding inventory
are not applicable to the Company.
Company, the Company has not granted any loans, secured or unsecured to companies, firms, Limited Liability Partnerships or other parties
covered in the register maintained under section 189 of the Companies Act, 2013. Therefore, the provisions of clause 3(iii) (a) to 3(iii) (c) of the
said Order are not applicable to the Company.
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 Act, with respect to the loans, investments, guarantees and securities.
Company, the Company has not accepted any deposits from the public within the meaning of sections 73 to 76 of the Act and the rules framed
there under to the extent notified.
Company, provisions of section 148 of the Act with regard to maintenance of cost records are not applicable to the Company.
a. According to the information and explanations provided to us and based on our verification of records maintained and provided to us by the
Company, in our opinion, the Company is regular in depositing undisputed statutory dues including provident fund, income-tax, goods and
services tax and any other applicable statutory dues, with the appropriate authorities and no statutory dues were outstanding for more than six
months from the due date as at the year end.
Company, there are no statutory dues as at the year-end which have not been deposited on account of any dispute.
44
Company, the Company has not availed any loans or borrowings from financial institution or bank or Government and it has not issued any
debentures as at the balance sheet date.
Company, the Company has not raised any money by way of initial public offer or further public offer (including debt instruments) and the
Company has not obtained any term loans during the year.
Company, no frauds by the Company or on the Company by its officers or employees, were noticed or reported during the year.
Section 197 relating to managerial remuneration applies only to a public company and is not applicable to a Private Company. Accordingly,
reporting under clause 3 (xi) is not applicable to the Company.
Company, the Company is not a Nidhi Company and Nidhi Rules, 2014 are not applicable to it, the provisions of Clause 3(xii) of the Order are
not applicable to the Company.
Company, the Company has entered into transactions with related parties in compliance with the provisions of Sections 177 and 188 of the Act.
The details of such related party transactions have been disclosed in the financial statements as required by the applicable accounting standards.
Company, the Company has not made any preferential allotment or private placement of shares or fully or partly paid convertible debentures
during the year and hence reporting under clause 3 (xiv) of the Order is not applicable to the Company.
Company, the Company has not entered into any non-cash transactions with directors or persons connected with them. Accordingly, paragraph
3(xv) of the Order are not applicable to the Company.
Company, the Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934. Accordingly, the provisions
of clause 3(xvi) of the order are not applicable to the Company.
For VARMA & VARMA

FRN 004532S
GEORGY MATHEW
Partner
M No.209645
Place: Bengaluru
Date:02/08/2019
UDIN: 19209645AAAABO4573
[400500] Disclosures - Secretarial audit report

10/12/2018
to
31/03/2019
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
45
[100100] Balance sheet

31/03/2019
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 51,00,00,000
Reserves and surplus 1,93,12,576
Total shareholders' funds 52,93,12,576
Share application money pending allotment 0
Minority interest 0
Non-current liabilities [Abstract]
Long-term borrowings 0
Deferred tax liabilities (net) 10,704
Other long-term liabilities 0
Long-term provisions 0
Total non-current liabilities 10,704
Current liabilities [Abstract]
Short-term borrowings 3,15,85,807
Trade payables 34,50,742
Other current liabilities 52,46,753
Short-term provisions 42,55,642
Total current liabilities 4,45,38,944
Total equity and liabilities 57,38,62,224
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 36,39,769
Intangible assets 39,037
Tangible assets capital work-in-progress 56,11,677
Total fixed assets 92,90,483
Non-current investments 0
Long-term loans and advances 50,64,000
Total non-current assets 1,43,54,483
Current assets [Abstract]
Current investments 55,45,46,477
Inventories 0
Trade receivables 0
Cash and bank balances 3,533
Short-term loans and advances 15,96,064
Other current assets 33,61,667
Total current assets 55,95,07,741
Total assets 57,38,62,224
46
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] Ankit Agarwal Sachin Bansal
10/12/2018 10/12/2018
to to
31/03/2019 31/03/2019
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director Ankit Sachin
Last name of director Agarwal Bansal
Designation of director Director Director
Director identification number of director 08299808 02356346
Date of signing of financial statements by director 02/08/2019 02/08/2019

10/12/2018
to
31/03/2019
Name of company secretary SHUBHAM SHRIVASTAVA
Permanent account number of company secretary ERHPS7725G
Date of signing of financial statements by company secretary 02/08/2019
47
[100400] Cash flow statement, indirect

10/12/2018
to
31/03/2019
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax 4,12,13,176
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 2,91,884
Adjustments for depreciation and amortisation expense 86,224
Other adjustments to reconcile profit (loss) -1,51,20,734
Total adjustments to profit (loss) -1,47,42,626
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in other current assets -33,61,667
Adjustments for increase (decrease) in trade payables 34,50,742
Adjustments for increase (decrease) in other current liabilities 52,46,753
Adjustments for provisions 8,18,717
Total adjustments for working capital 61,54,545
Total adjustments for reconcile profit (loss) -85,88,081
Net cash flows from (used in) operations 3,26,25,095
Interest received -1,54,695
Income taxes paid (refund) 1,85,85,160
Net cash flows from (used in) operating activities before extraordinary
1,38,85,240
items
Net cash flows from (used in) operating activities 1,38,85,240
Cash flows from used in investing activities [Abstract]
Other cash receipts from sales of equity or debt instruments of other
250,00,00,000
entities
Other cash payments to acquire equity or debt instruments of other
265,00,00,000
entities
Proceeds from sales of tangible assets -93,76,707
Interest received 1,54,695
Other inflows (outflows) of cash -36,45,00,000
Net cash flows from (used in) investing activities before extraordinary
-52,37,22,012
items
Net cash flows from (used in) investing activities -52,37,22,012
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares 51,00,00,000
Proceeds from borrowings 900,00,00,000
Repayments of borrowings 900,00,00,000
Income taxes paid (refund) 1,59,695
Net cash flows from (used in) financing activities before extraordinary
50,98,40,305
items
Net cash flows from (used in) financing activities 50,98,40,305
Net increase (decrease) in cash and cash equivalents before effect of
3,533
exchange rate changes
Net increase (decrease) in cash and cash equivalents 3,533
Cash and cash equivalents cash flow statement at end of period 3,533
48
[200100] Notes - Share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Equity shares 1
Classes of share capital [Axis]
[Member]
Shareholder 1
Name of shareholder [Axis]
[Member]
10/12/2018
to
31/03/2019
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [LineItems]
Type of share Equity
Name of shareholder Sachin Bansal
PAN of shareholder AKBPB7970K
Country of incorporation or residence of shareholder INDIA
Number of shares held in company [shares] 50,99,010
Percentage of shareholding in company 99.98%
49
Disclosure of classes of share capital [Table] ..(1)

Share capital Equity shares Equity shares 1
Classes of share capital [Axis]
[Member] [Member] [Member]
10/12/2018 10/12/2018 10/12/2018
to to to
31/03/2019 31/03/2019 31/03/2019
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Type of share Equity
[shares] [shares] [shares]
Number of shares authorised 75,00,00,000 75,00,00,000 75,00,00,000
Value of shares authorised 7,500,00,00,000 7,500,00,00,000 7,500,00,00,000
Number of shares issued [shares] 51,00,000 [shares] 51,00,000 [shares] 51,00,000
Value of shares issued 51,00,00,000 51,00,00,000 51,00,00,000
Number of shares subscribed and fully paid [shares] 51,00,000 [shares] 51,00,000 [shares] 51,00,000
Value of shares subscribed and fully paid 51,00,00,000 51,00,00,000 51,00,00,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 51,00,000 [shares] 51,00,000 [shares] 51,00,000
Total value of shares subscribed 51,00,00,000 51,00,00,000 51,00,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 51,00,000 [shares] 51,00,000 [shares] 51,00,000
Value of shares called 51,00,00,000 51,00,00,000 51,00,00,000
Value of shares paid-up 51,00,00,000 51,00,00,000 51,00,00,000
Par value per share [INR/shares] 100
Amount per share called in case shares not fully called [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares allotted for contracts without payment
[shares] 0 [shares] 0 [shares] 0
received in cash
Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0 [shares] 0
Number of shares outstanding at end of period [shares] 51,00,000 [shares] 51,00,000 [shares] 51,00,000
Reconciliation of value of shares outstanding [Abstract]
Changes in share capital [Abstract]
Increase in share capital during period [Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of issue allotted for contracts without payment
0 0 0
received in cash during period
Amount of issue under scheme of amalgamation during period 0 0 0
Amount of other issues during period 0 0 0
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 51,00,00,000 51,00,00,000 51,00,00,000
Details of application money received for allotment of
securities and due for refund and interest accrued thereon
[Abstract]
Application money received for allotment of securities
and due for refund and interest accrued thereon [Abstract]
Total application money received for allotment of
securities and due for refund and interest accrued 0 0 0
thereon
50

10/12/2018
to
31/03/2019
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes
shares in company
Number of persons on private placement of equity share 0
Number of persons on private placement of preference share 0
Whether money raised from public offering during year No
Amount raised from public offering during year 0
Amount utilised towards specified purposes for public offering 0
Amount remaining unutilised received in respect of public offering 0
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Other reserves General reserve
Components of reserves [Axis] Reserves [Member]
[Member] [Member]
10/12/2018 10/12/2018 10/12/2018
to to to
31/03/2019 31/03/2019 31/03/2019
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 1,93,12,576 1,93,12,576 1,93,12,576
Other additions to reserves 0 0 0
Total additions to reserves 1,93,12,576 1,93,12,576 1,93,12,576
Appropriations for dividend, dividend tax and general reserve
[Abstract]
Other appropriations 0 0 0
Transfer to general reserve 1,93,12,576 1,93,12,576 1,93,12,576
Total appropriations for dividend, dividend tax and general
1,93,12,576 1,93,12,576 1,93,12,576
reserve
Appropriation towards bonus shares 0 0 0
Total changes in reserves 0 0 0
Reserves at end of period 1,93,12,576 1,93,12,576 1,93,12,576
51
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Short-term [Member]
Rupee term loans
Borrowings Term loans Term loans from
Classification of borrowings [Axis] from banks
[Member] [Member] banks [Member]
[Member]
Secured borrowings Secured borrowings Secured borrowings Secured borrowings
Subclassification of borrowings [Axis]
[Member] [Member] [Member] [Member]
10/12/2018 10/12/2018 10/12/2018 10/12/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 3,15,85,807 3,15,85,807 3,15,85,807 3,15,85,807
Nature of security [Abstract]
Charge on 8,000,000
units of IDFC
Banking & PSU
Nature of security Debt Fund owned by
Mr. Sachin Bansal,
Director,
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default
0 0 0 0
principal
Outstanding amount of continuing default
0 0 0 0
interest
52
[201000] Notes - Tangible assets
Disclosure of tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member] Office equipment [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member] Owned assets [Member]
Accumulated
Accumulated
Carrying Gross carrying Carrying Gross carrying depreciation
Carrying amount accumulated depreciation and gross depreciation
amount amount amount amount and
carrying amount [Axis] and impairment
[Member] [Member] [Member] [Member] impairment
[Member]
[Member]
10/12/2018 10/12/2018 10/12/2018 10/12/2018 10/12/2018 10/12/2018
to to to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019 31/03/2019 31/03/2019
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 37,23,330 37,23,330 9,81,709 9,81,709
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -83,561 83,561 -22,811 22,811
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
0 0 0 0
through demergers
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
0 0 0 0 0 0
assets, others
Total other adjustments
0 0 0 0 0 0
tangible assets
Total changes in tangible
36,39,769 37,23,330 83,561 9,58,898 9,81,709 22,811
assets
Tangible assets at end of period 36,39,769 37,23,330 83,561 9,58,898 9,81,709 22,811
53

Classes of tangible assets [Axis] Computer equipments [Member] Leasehold improvements [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
Accumulated
Accumulated
[Member]
[Member]
10/12/2018 10/12/2018 10/12/2018 10/12/2018 10/12/2018 10/12/2018
to to to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019 31/03/2019 31/03/2019
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
5,05,253 5,35,628 30,375 19,98,012 20,26,064 28,052
assets
54

Classes of tangible assets [Axis] Other tangible assets [Member] Other tangible assets, others [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
Accumulated
Accumulated
[Member]
[Member]
10/12/2018 10/12/2018 10/12/2018 10/12/2018 10/12/2018 10/12/2018
to to to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019 31/03/2019 31/03/2019
[LineItems]
Electrical Electrical Electrical
Nature of other tangible assets Installations Installations Installations
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
1,77,606 1,79,929 2,323 1,77,606 1,79,929 2,323
assets
55
Disclosure of additional information tangible assets [Table] ..(1)

Company total Plant and Other plant and Office Computer
Classes of tangible assets [Axis] tangible assets equipment equipment equipment equipments
[Member] [Member] [Member] [Member] [Member]
Owned and
Owned assets Owned assets Owned assets Owned assets
Sub classes of tangible assets [Axis] leased assets
[Member] [Member] [Member] [Member]
[Member]
10/12/2018 10/12/2018 10/12/2018 10/12/2018 10/12/2018
to to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019 31/03/2019
Disclosure of additional information tangible assets
[Abstract]
Disclosure of additional information tangible assets
[LineItems]
Depreciation method tangible assets SLM SLM SLM
Useful lives or depreciation rates tangible assets 10 5 3
56
[201100] Notes - Intangible assets
Disclosure of intangible assets [Table] ..(1)

Classes of intangible assets [Axis] Company total intangible assets [Member] Computer software [Member]
Internally generated and other than internally Intangible assets other than internally generated
Sub classes of intangible assets [Axis]
generated intangible assets [Member] [Member]
Accumulated
Accumulated
Carrying Gross carrying Carrying Gross carrying amortization
Carrying amount accumulated amortization and amortization
impairment and gross carrying amount [Axis] and impairment
[Member]
[Member]
10/12/2018 10/12/2018 10/12/2018 10/12/2018 10/12/2018 10/12/2018
to to to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019 31/03/2019 31/03/2019
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
41,700 41,700 41,700 41,700
development
intangible assets
intangible assets
Total additions to
41,700 41,700 41,700 41,700
intangible assets
Amortization intangible assets -2,663 2,663 -2,663 2,663
Impairment loss
loss intangible assets
intangible assets
0 0 0 0
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0 0 0
assets through demergers
Disposals intangible
0 0 0 0 0 0
assets, others
Total disposals intangible
0 0 0 0 0 0
assets
Retirements of intangible
0 0 0 0
assets
Other adjustments intangible
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0 0 0
intangible assets, others
0 0 0 0 0 0
intangible assets
Total changes in intangible
39,037 41,700 2,663 39,037 41,700 2,663
assets
Intangible assets at end of period 39,037 41,700 2,663 39,037 41,700 2,663
57
Disclosure of additional information intangible assets [Table] ..(1)

Company total
Computer software
Classes of intangible assets [Axis] intangible assets
[Member]
[Member]
Internally
generated and
Internally
other than
generated
Sub classes of intangible assets [Axis] internally
intangible assets
generated
[Member]
intangible assets
[Member]
10/12/2018 10/12/2018
to to
31/03/2019 31/03/2019
Disclosure of additional information intangible assets [Abstract]
Disclosure of additional information intangible assets [LineItems]
Useful lives or amortization rates intangible assets 3 Years
Description of amortization method used SLM
[200400] Notes - Non-current investments

31/03/2019
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 0
Market value of quoted non-current investments 0
Aggregate amount of unquoted non-current investments 0
Aggregate provision for diminution in value of non-current investments 0
[200500] Notes - Current investments
Details of current investments [Table] ..(1)

Classification of current investments [Axis] 1 2
10/12/2018 10/12/2018
to to
31/03/2019 31/03/2019
Current investments [Abstract]
Disclosure of details of current investments [Abstract]
Details of current investments [LineItems]
Investments in Investments in
Type of current investments debentures or bonds mutual funds
Class of current investments Current investments Current investments
Current investments 15,00,00,000 40,45,46,477
Basis of valuation of current investments NA NA
Franklin India Ultra
Short Bond Fund
Super Institutional
8.9% Shriram Plan- Direct ICICI
Transport Finance Prudential Liquid
Name of body corporate in whom investment has been made Company Limited Fund- Direct
Non-Convertible Plan-Growth Kotak
Debentures Liquid Fund- Direct
Plan-Growth Kotak
Savings Fund-Direct
Plan-Growth
58

31/03/2019
Disclosure of notes on current investments explanatory [TextBlock]
Aggregate amount of quoted current investments 55,45,46,477
Market value of quoted current investments 0
Aggregate amount of unquoted current investments 0
Aggregate provision for diminution in value of current investments 0
[200600] Notes - Subclassification and notes on liabilities and assets
Disclosure of breakup of provisions [Table] ..(1)

Short-term
Classification based on time period [Axis]
[Member]
31/03/2019
Subclassification and notes on liabilities and assets [Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provision for corporate tax [Abstract]
Provision for current tax 34,36,925
Total provision for corporate tax 34,36,925
CSR expenditure provision 0
Other provisions 8,18,717
Total provisions 42,55,642
Loans and advances [Table] ..(1)

Long-term
Classification based on time period [Axis] Short-term [Member]
[Member]
Loans advances Loans advances
Security deposits
Classification of loans and advances [Axis] given suppliers given employees
[Member]
[Member] [Member]
Unsecured Unsecured Unsecured
Classification of assets based on security [Axis] considered good considered good considered good
[Member] [Member] [Member]
31/03/2019 31/03/2019 31/03/2019
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 50,64,000 7,08,438 8,87,626
Allowance for bad and doubtful loans and advances 0 0 0
Loans and advances 50,64,000 7,08,438 8,87,626
Details of loans and advances due by directors, other
officers or others [Abstract]
Loans and advances due by directors 0 0 0
Loans and advances due by other officers 0 0 0
Total loans and advances due by directors, other officers
0 0 0
or others
Details of loans and advances due by firms or
companies in which any director is partner or
director [Abstract]
Total loans and advances due by firms or companies
0 0 0
in which any director is partner or director
59
Subclassification of trade receivables [Table] ..(1)

Classification of
Classification of assets based on security [Axis] assets based on
security [Member]
31/03/2019
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [LineItems]
Breakup of trade receivables [Abstract]
Total trade receivables 0
Classification of inventories [Table] ..(1)

Company total
Classification of inventories [Axis] inventories
[Member]
31/03/2019
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 0

10/12/2018
to
31/03/2019
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0
Total other long-term liabilities 0
Audit fees payable,
Provision for expenses
Nature of other provisions & Provision for Income Tax
(Net of advance tax and tax
deducted at source)
Interest accrued but not due on borrowings 0
Interest accrued and due on borrowings 0
Interest accrued but not due on public deposits 0
Interest accrued and due on public deposits 0
Debentures claimed but not paid 0
Unpaid dividends 0
Unpaid matured deposits and interest accrued thereon 0
Unpaid matured debentures and interest accrued thereon 0
Public deposit payable, current 0
Current liabilities portion of share application money pending
0
allotment
Other current liabilities, others 52,46,753
Total other current liabilities 52,46,753
Aggregate amount of trade receivables outstanding for period
0
exceeding six months
Fixed deposits with banks 0
Total balance with banks 0
Cash on hand 3,533
Total cash and cash equivalents 3,533
Total cash and bank balances 3,533
Total balances held with banks to extent held as
margin money or security against borrowings, 0
guarantees or other commitments
Bank deposits with more than twelve months maturity 0
Other current assets, others 33,61,667
Total other current assets 33,61,667
60
[200700] Notes - Additional disclosures on balance sheet

10/12/2018
to
31/03/2019
Disclosure of additional balance sheet notes explanatory [TextBlock]
Total contingent liabilities and commitments 0
Amount of dividends proposed to be distributed to equity shareholders 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0
shareholders
Deposits accepted or renewed during period 0
Deposits matured and claimed but not paid during period 0
Deposits matured and claimed but not paid 0
Deposits matured but not claimed 0
Interest on deposits accrued and due but not paid 0
Share application money received during year 0
Share application money paid during year 0
Amount of share application money received back during year 0
Amount of share application money repaid returned back during year 0
Number of person share application money paid during year 0
Number of person share application money received during year 0
Number of person share application money paid as at end of year 0
Number of person share application money received as at end of year 0
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No
2014
Unclaimed share application refund money 0
Unclaimed matured debentures 0
Unclaimed matured deposits 0
Interest unclaimed amount 0
Number of warrants converted into equity shares during period 0
Number of warrants converted into preference shares during period 0
Number of warrants converted into debentures during period 0
Number of warrants issued during period (in foreign currency) 0
Number of warrants issued during period (INR) 0
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
10/12/2018
to
31/03/2019
Disclosure of accounting policies, change in accounting policies and Textual information (32)
changes in estimates explanatory [TextBlock] [See below]
61
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting Principles
in India (Indian GAAP) to comply with the Accounting Standards specified under Section 133 of the Companies Act, 2013, read
with Rule 7 of the Companies (Accounts) Rules, 2014 and the relevant provisions of the Companies Act, 2013 (the "2013
Act"). The financial statements have been prepared on the accruals basis under the historical cost convention.
Further, these financial statements require the management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported
amounts of revenues and expenses during the reporting period. These estimates are based upon management's best knowledge
of current events and actions, however, actual results could differ from these estimates.
[201700] Notes - Government grants

10/12/2018
to
31/03/2019
Disclosure of notes on government grants explanatory [TextBlock]
Capital subsidies or grants received from government authorities 0
Revenue subsidies or grants received from government authorities 0
[201200] Notes - Employee benefits

10/12/2018
to
31/03/2019
Disclosure of employee benefits explanatory [TextBlock] [See below]
Disclosure of employee benefits explanatory [Text Block]
i) Short term employee benefits: All employee benefits falling due wholly within twelve months of rendering the service are
classified as short term employee benefits, which includes benefits like salaries, short term compensated absences, performance
incentives, etc. and are recognized as expense in the period in which the employee renders the related service.
ii) Defined-contribution plans: The Company has defined contribution plans for post-employment benefits, namely, Provident
Fund and the Company's contributions thereto are charged to the Statement of Profit and Loss every year.
62
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] 1 2
10/12/2018 10/12/2018
to to
31/03/2019 31/03/2019
Disclosure of relationship and transactions between related parties [Abstract]
Disclosure of relationship and transactions between related parties [LineItems]
Country of incorporation or residence of related party INDIA INDIA
Permanent account number of related party AGQPA2241R AKBPB7970K
Key Management Key Management
Description of nature of related party relationship Personnel Personnel
Unsecured Loan, Unsecured Loan,
Salaries and other Salaries and other
Employee Benefits, Employee Benefits,
Description of nature of transactions with related party Share Capital, Share Capital,
Reimbursement of Reimbursement of
Expenses Expenses
Related party transactions [Abstract]
Advances given during year related party transactions 40,00,00,000 860,00,00,000
Advances taken during year related party transactions 40,00,00,000 860,00,00,000
Other related party transactions expense 30,883 2,07,266
Transaction relating to key management personnel [Abstract]
Remuneration for key managerial personnel 5,15,68,387 0
Outstanding balances for related party transactions [Abstract]
Share application money received from related party 99,000 50,99,01,000
Amount written off during period in respect of debts due from related parties 0 0
Amount written back during period in respect of debts due to related parties 0 0

10/12/2018
to
31/03/2019
Disclosure of notes on related party explanatory [TextBlock]
Whether there are any related party transactions during year Yes
Whether company is subsidiary company No
[201400] Notes - Leases

10/12/2018
to
31/03/2019
Disclosure of leases explanatory [TextBlock]
Whether any operating lease has been converted to financial lease or
No
vice-versa
63
[300300] Notes - Earnings per share

10/12/2018
to
31/03/2019
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period 1,93,12,576
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period 1,93,12,576
[202800] Notes - Subsidiary information

10/12/2018
to
31/03/2019
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
Number of subsidiary companies 0
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No
[202400] Notes - Investments in associates

10/12/2018
to
31/03/2019
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
Whether company has associates liquidated or sold during year No
[202500] Notes - Financial reporting of interests in joint ventures

10/12/2018
to
31/03/2019
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures No
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No
64
[202700] Notes - Cash flow statements

10/12/2018
to
31/03/2019
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 3,533
Total cash and cash equivalents 3,533
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 1,85,85,160
Income taxes paid (refund), classified as financing activities 1,59,695
Total income taxes paid (refund) 1,87,44,855
[100200] Statement of profit and loss

10/12/2018
to
31/03/2019
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 0
Revenue from sale of services 12,56,96,895
Total revenue from operations other than finance company 12,56,96,895
Total revenue from operations 12,56,96,895
Other income 4,13,87,839
Total revenue 16,70,84,734
Expenses [Abstract]
Cost of materials consumed 0
Changes in inventories of finished goods, work-in-progress and
0
stock-in-trade
Employee benefit expense 5,81,18,383
Finance costs 2,91,884
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 86,224
Total depreciation, depletion and amortisation expense 86,224
CSR expenditure 0
Other expenses 6,73,75,067
Total expenses 12,58,71,558
Total profit before prior period items, exceptional items, extraordinary
4,12,13,176
items and tax
Total profit before extraordinary items and tax 4,12,13,176
Total profit before tax 4,12,13,176
Tax expense [Abstract]
Current tax 2,18,89,896
Deferred tax 10,704
Total tax expense 2,19,00,600
Total profit (loss) for period from continuing operations 1,93,12,576
Profit (loss) from discontinuing operations before tax 0
Tax expense of discontinuing operations 0
Total profit (loss) for period before minority interest 1,93,12,576
Profit (loss) of minority interest 0
Total profit (loss) for period 1,93,12,576
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] 6.82
Diluted earnings per equity share [INR/shares] 6.82
65
[300500] Notes - Subclassification and notes on income and expenses

10/12/2018
to
31/03/2019
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Total revenue from sale of products 0
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Revenue from sale of services, gross 12,56,96,895
Total revenue from sale of services 12,56,96,895
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 1,54,695
Interest on current debt securities 11,86,667
Interest on other current investments 4,00,46,477
Total interest income on current investments 4,13,87,839
Total interest income 4,13,87,839
Dividend income [Abstract]
Total dividend income 0
Total other income 4,13,87,839
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense short-term loans [Abstract]
Interest expense short-term loans, others 1,59,695
Total interest expense short-term loans 1,59,695
Other interest charges 1,32,189
Total interest expense 2,91,884
Total finance costs 2,91,884
Employee benefit expense [Abstract]
Salaries and wages 5,71,64,360
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0
Total managerial remuneration 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 9,49,056
Total contribution to provident and other funds 9,49,056
Staff welfare expense 4,967
Total employee benefit expense 5,81,18,383
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 0
Power and fuel 0
Rent 0
Repairs to building 0
Repairs to machinery 0
Insurance 0
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 3,35,67,205
Total rates and taxes excluding taxes on income 3,35,67,205
Telephone postage 82,439
Travelling conveyance 2,96,054
Legal professional charges 3,02,11,944
Directors sitting fees 0
Bank charges 2,70,962
Provision bad doubtful debts created 0
Provision bad doubtful loans advances created 0
66
Write-off assets [Abstract]

Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0
Bad debts written off 0
Bad debts advances written off 0
Loss on disposal of intangible asset 0
Loss on disposal, discard, demolishment and destruction of depreciable
0
tangible asset
Payments to auditor [Abstract]
Payment for audit services 3,50,000
Total payments to auditor 3,50,000
Miscellaneous expenses 25,96,463
Total other expenses 6,73,75,067
Current tax [Abstract]
Current tax pertaining to current year 2,18,89,896
Total current tax 2,18,89,896
[300600] Notes - Additional information statement of profit and loss

10/12/2018
to
31/03/2019
Additional information on profit and loss account explanatory [TextBlock]
Total changes in inventories of finished goods, work-in-progress and
0
stock-in-trade
Revenue information technology consultancy 12,56,96,895
Total gross income from services rendered 12,56,96,895
Expenditure on dividend paid 0
Total expenditure in foreign currency 0
Total amount of dividend remitted in foreign currency 0
Total earnings in foreign currency 0
Total revenue from sale of products 0
Domestic revenue services 12,56,96,895
Total revenue from sale of services 12,56,96,895
Gross value of transaction with related parties as per AS-18 0
Bad debts of related parties as per AS-18 0
[300100] Notes - Revenue

10/12/2018
to
31/03/2019
Disclosure of revenue explanatory [TextBlock] [See below]
Disclosure of revenue explanatory [Text Block]
Revenue is recognised only when services are rendered to the client at their satisfaction as per contract, and no significant
uncertainty exists regarding the amount of the consideration that will be derived from rendering the service. Revenue from
service is recognised at consideration received or receivable, net of allowances, trade discounts and volume discounts.
Interest income is recognised on time proportion basis. Dividend income is recognised when the Company’s right to receive the
payment is established, which is generally when directors/ shareholders approve the dividend.
67
[300700] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Shubham
Key managerial personnels and directors [Axis] Ankit Agarwal Sachin Bansal
Shrivastava
10/12/2018 10/12/2018 10/12/2018
to to to
31/03/2019 31/03/2019 31/03/2019
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors [Abstract]
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[LineItems]
Shubham
Name of key managerial personnel or director Ankit Agarwal Sachin Bansal
Shrivastava
Director identification number of key managerial personnel or
08299808 02356346
director
Permanent account number of key managerial personnel or director AGQPA2241R AKBPB7970K ERHPS7725G
Date of birth of key managerial personnel or director 09/04/1983 05/08/1981 16/03/1993
Designation of key managerial personnel or director Director Director Company Secretary
Textual information Textual information Textual information
Qualification of key managerial personnel or director (35) [See below] (36) [See below] (37) [See below]
Shares held by key managerial personnel or director [shares] 990 [shares] 50,99,010 [shares] 0
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Gross salary to key managerial personnel or director 0 0 0
Total key managerial personnel or director remuneration 0 0 0
Qualification of key managerial personnel or director

Ankit has extensive experience in banking spanning over 10 years. He has held senior positions in the treasury department across Deutsche Bank
and Bank of America in their Mumbai offices. His contribution among other things included market-making and trading in Corporate &
Government Bonds as well as syndication of primary issuances of bonds. Ankit has an MBA from IIM Ahmedabad and B. Tech. from IIT Delhi.

Sachin Bansal is the former Chairman and co-founder of Flipkart, India’s leading e-commerce marketplace, acquired by Walmart in 2018. Under
Sachin, Flipkart has pioneered innovations that have redefined the e-commerce ecosystem in India, e.g. cash on delivery, replacement guarantees
on products, UPI payments, owned logistics network, etc. An Indian software engineer and Internet entrepreneur, Sachin graduated from
IIT-Delhi with a degree in Computer Science in 2005. He was named World 40 under 40 by Fortune Magazine in 2012, Entrepreneur of the year
by Economic Times in 2013 and TIME Magazine 100 most influential people in the world in 2016. He has served on Government committees for
skill development in India

Shubham is a qualified Company Secretary, who got trained at the office of the Registrar of Companies, Delhi and ICSI-CCGRT(Navi Mumbai)
and was awarded as the Best Presenter of 36th R-MSOP Batch. Shubham is also a B.com and LLB (Honors) Graduate.
68
[301000] Notes - Corporate social responsibility

10/12/2018
to
31/03/2019
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
No
company
Prescribed CSR expenditure 0
Amount CSR to be spent for financial year 0
Amount unspent CSR 0
69

BACQ Acquisition Annual Filings

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BAC ACQUISITIONS PRIVATE LIMITED

Standalone Financial Statements for period 10/12/2018 to 31/03/2019

[400100] Disclosure of general information about company

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

Turnover of product or service category 9,45,49,204.42 3,11,47,690.58

Turnover of highest contributing product or service 9,45,49,204.42 3,11,47,690.58

[400400] Disclosures - Directors report

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

Details of shareholding of promoters [Table] ..(1)

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

Unless otherwise specified, all monetary values are in INR

Disclosure for companies covered under section 178(1) on Provisions

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

Mr. Sachin Bansal Director

Miss. Shubham Shrivastava

There are no Special Business to be transacted in the meeting.

Place: Bangalore by order of the Board

Place: Bangalore by order of the Board

Particulars F.Y. 2018-19

Total Income 16,70,84,734

Total Expenses 12,58,71,558

Profit/ (loss) before tax 4,12,13,176

a) Current Tax 2,18,89,896

b) Deferred Tax Charge/(Credit) 10,704

Total Tax Expense 2,19,00,600

Profit for the year 1,93,12,576

Weighted Average no of equity shares outstanding as at year end 28,30,357

Earning per shares 6.82

RESERVES AND SURPLUS

Number of Meetings of the Board:

S No. DATE OF BOARD MEETING PLACE

1 13.12.2018 Registered Office

2 26.12.2018 Registered Office

3 27.12.2018 Registered Office

4 03.01.2019 Registered Office

5 04.01.2019 Registered Office

6 09.01.2019 Registered Office

7 18.01.2019 Registered Office

8 21.01.2019 Registered Office

9 25.01.2019 Registered Office

10 04.02.2019 Registered Office

11 05.02.2019 Registered Office

12 27.02.2019 Registered Office

DIN NAME DESIGNATION BEGIN DATE

02356346 SACHIN BANSAL DIRECTOR 10.12.2018

08299808 ANKIT AGARWAL DIRECTOR 10.12.2018

NATURE OF COMPANY’S BUSINESS

DISCLOSURES UNDER SECTION 134(3)(L) OF THE COMPANIES ACT, 2013

STATUS OF THE COMPANY

CHANGE IN DIRECTORS AND KEY MANAGERIAL PERSONNEL

SUBSIDIARY, JOINT VENTURE AND ASSOCIATE COMPANIES

SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS

CHANGES IN SHARE CAPITAL

ISSUE OF EQUITY SHARES WITH DIFFERENTIAL RIGHTS

EMPLOYEE STOCK OPTIONS

SWEAT EQUITY SHARES

BUY BACK OF SECURITIES

VOLUNTARY REVISION OF FINANCIAL STATEMENTS OR BOARD’S REPORT

There is no voluntary revision of Financial Statements or Board’s Report of the company.

CORPORATE SOCIAL RESPONSIBILITY

Audit Committee provisions are not applicable to the Company.

The provisions are not applicable to the Company .