 

MedPlus Health Services Limited (formerly known as MedPlus Health Services
Annexure- VIL

Notes to Restated Consol
(All amounts are it Rs. in millions except as others stated)

 

lated Financial Information

53. Government Grant
Other operating revenue includes incentives against skill development under National Apprenticeship Promotion Scheme of Ré.12,09 Millions (September 30, 2020, Rs, Nil, March 31, 2021, Rs. Nil, March 31, 2020, Rs.
Nil & March 31, 2019, Rs. Nil)

54, Impact of COVID-19:
‘The management believes that the outbreak of COVID pandemic does not have any significant impact on the future operations of the Company since it provides essential services Le, trading of medicines and general
items. Accordingly, the Group continues to prepare the consolidated financial statements on a going concer basis. Basis management's current assessment, it does not expect any adjustments fo the carrying amounts of
inventories, tangible assets, intangible assets, goodwill, trade receivables and other financial assets on account of the current economic situation. The eventual outcome of the impact of this global health pandemic may
be different from those estimated as on the date of approval ofthese consolidated financial statements,

58. The Group has a process whereby periodically all lng;-term contracts including derivative contracts are assessed for material foreseeable losses. At the year end, the Group does not have any has long term contracts or
derivative contracts on which material foreseeable losses were noted,

56, Loans or advances to specified persons
Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013, either severally or jointly with any other person, that are:
(@) repayable on demand; or
(6) without specifying any terms or period of repayment

 

 

 

 

 

 

 

 

 

‘As at September 30, 205 ‘As at September 90, 2000 ‘Asat March 37, 203
Particulars [Amount of Total [Amount fs of Total [Amount P% of Total
outstanding outstanding outstanding
Promoters 7 z z = =
Directors = " “ . : -
KMPs 7 - ¢ “ 7 =
Related Parties* 1650] Nal 9.50/NA 450 Nal
“Asat March 31, 2080 ‘Asat March 37, 2019
Particulars [Amount of Total [Amount PS of Total
outstanding outstanding
Promoters z = = =
Directors ¢ “ : =
KMPs “ 7 : -
Related Parties ¢ “ 2 =

 

 

 

 

 

 

* Loans or advances given to related parties stand eliminated atthe me of consolidation

57. The Group has granted loans and made investment in some of its subsidiaries and other parties. Loans has been given for general corporate purpose. In some of the cases, the subsidiary has utilised borrowings for
further investment as per their business requirement. However, none of those borrowings have been utilised for further advancement of loans/investment forthe six months period/ year ended September 30, 2021,
September 30,2020, March 31, 2021, March 31, 2020 & March 31, 2019.

58. Disclosure of struck off companies
‘The Group does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956

59, The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has
released draft rules for the Code on Social Security, 2020 on 13 November 2020, and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Group will assess the impact and
its evaluation once the subject rules are notified and will give appropriate impact in its financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are
published,

[As perour report of even date annexed

For BS R & Associates LLP For and on behalf ofthe Board of Directors of

Chartered Accountants MedPlus Health Services Limited

ICAI Firm Registration Number 116281W/W-100024 ‘CIN: USSI1OTG2006PLCO51845

Arpan Jain (GMadhukar Reddy Atul Gupta

Partuer Managing Director Director

Membership Number: 125710 DIN: 00098097 DIN: 06940578
Parag Jain Hemanth Kundavaram
Company Secretary Chief Financial Officer

‘Membership No: F10498

Place: Hyderabad

Place: Hyderabad
Date: November 22, 2021

Date: November 22, 2021

274

 
