PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

134 PRIVI SPECIALITY CHEMICALS LIMITED (Formerly known as Fairchem Speciality Limited) Particulars April to March 2020 Adjustment on account of demerger April to March 2020 (Restated) Profit before exceptional items and tax expense (I) - (II) 4,488.38 10,438.27 14,926.65 Exceptional Items Insurance recoveries towards loss by fire (refer note 40) – 4,000.00 4,000.00 Profit before tax expense 4,488.38 14,438.27 18,926.65 Tax expenses: Current tax 878.89 4,027.80 4,906.69 Tax adjustment of earlier years 4.11 (18.26) (14.15) Deferred tax (49.59) (317.99) (367.58) Total tax expense 833.41 3,691.55 4,524.96 Profit for the year (III) 3,654.97 10,746.72 14,401.69 43 Specified Bank Note The disclosures regarding details of specified bank notes during the period from November 8, 2016 to December 30, 2016 have not been made in these financial statements since the requirement does not pertain to the financial year ended March 31, 2021. NOTES TO THE STANDALONE FINANCIAL STATEMENTS for the year ended March 31, 2021 (Currency: Indian Rupees in lakhs) 42 CompositeScheme ofArrangement andAmalgamation amongst FairchemSpeciality Limited (Demerged/TransfereeCompany) and Fairchem Organics Limited (Resulting Company) and Privi Organics India Limited (Transferor Company) (continued) For B S R & Co. LLP For and on behalf of the Board of Directors Chartered Accountants Firm’s Registration No: 101248W/W-100022 Mahesh Babani D. B. Rao Chairman & Managing Director Executive Director Jayesh T Thakkar DIN: 00051162 DIN: 00356218 Partner Narayan S Iyer Ramesh Kathuria Membership No: 113959 Chief Financial Officer Company Secretary Membership No: 105320 Membership No: A-11214 Mumbai Mumbai Date : May 14, 2021 Date : May 14, 2021