Unichem Laboratories : Annual Report – 2022-23

Board of Directors

Dr. Prakash A. Mody	Mr. Pranay Premchand Godha
Non-Executive,	Non-Executive,
Non-Independent Chairman	Non-Independent Director

Mr. Pabitrakumar Kalipada Bhattacharyya	Mr. Prafull Anubhai
Managing Director	Independent Director

Mr. Prafull Sheth	Mr. Anand Mahajan	Mrs. Priti Puri
Independent Director	Independent Director	Independent Director

01

Corporate Information

Board Committees

Audit Committee	Mr. Prafull Anubhai-Chairman	Stakeholders	Mr. Prafull Anubhai-Chairman
	Mr. Prafull Sheth	Relationship	Mrs. Priti Puri
	Mr. Anand Mahajan	Committee	(w.e.f. 21st March, 2023)
	Mr. Pabitrakumar Kalipada Bhattacharyya		Mr. Pranay Godha
	(w.e.f.10th August, 2023)		(w.e.f.10th August, 2023)
Risk Management	Mr. Pranay Godha-Chairman	Corporate Social	Mr. Pranay Godha-Chairman
Committee	(w.e.f.10th August, 2023)	Responsibility	(w.e.f.10th August, 2023)
	Mr. Prafull Sheth	Committee	Mr. Prafull Anubhai
	Mr. Pabitrakumar Kalipada Bhattacharyya		Mrs. Priti Puri
	(w.e.f.10th August, 2023)		(w.e.f. 21st March, 2023)
Nomination and	Mr. Prafull Anubhai-Chairman
Remuneration	Mr. Prafull Sheth
Committee	Mr. Anand Mahajan
Deputy Chief	Mr. Sandip Ghume	Company Secretary	Mr. Pradeep Bhandari
Financial Officer		& Compliance Officer Head-Legal & Company Secretary

Statutory Auditors	Cost Auditors
N. A. Shah Associates LLP	Kishore Bhatia & Associates
Chartered Accountants	701/702, D-Wing, 7th Floor
B 41-45, Paragon Centre	Neelkanth Business Park
Pandurang Budhkar Marg	Nathani Road, Vidyavihar (West)
Worli, Mumbai - 400 013	Mumbai - 400 086

Registrar and Share Transfer Agents	Registered Office
Link Intime India Private Limited	Unichem Laboratories Limited
C 101, 247 Park, L B S Marg	CIN:L99999MH1962PLC012451
Vikhroli (West), Mumbai - 400 083	Unichem Bhavan, Prabhat Estate, Off S. V. Road
Tel.: [phone] • Fax.: [phone]	Jogeshwari (West), Mumbai - 400 102
E-mail ID: [e-mail]	Tel.: [phone]
	Website: www.unichemlabs.com
	E-mail ID: [e-mail]
Plant Locations
FORMULATION PLANTS	API PLANTS
GHAZIABAD	ROHA
C 31, 32 & D10, Industrial Area	99, MIDC Area, Roha
Meerut Road, Ghaziabad - 201 003	District Raigad - 402 116
Uttar Pradesh	Maharashtra
GOA	PITHAMPUR
Plot No. 10, 11, 12 to 14, 15 to 18 & 17(A)	Plot No. 197, Sector - I
Pilerne Industrial Estate	Pithampur, District Dhar - 454 775
Pilerne, Bardez - 403 511, Goa	Madhya Pradesh
BADDI	KOLHAPUR
Bhatauli Kalan	Plot No. T - 47, Five Star MIDC
District Solan, Baddi - 173 205	Kagal - Hatkanangale, District Kolhapur - 416 236
Himachal Pradesh	Maharashtra

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Inside This Report

1) Five-years at a glance

Standalone Profit and Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 04 Consolidated Profit and Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 05

2) Notice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 06

3) Directors' Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

4) Annexures to the Directors' Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

5) Financial Statements
a)	Standalone
	Independent Auditors' Report on Standalone Financial Statements	. 71
	Balance Sheet	. 78
	Statement of Profit and Loss	. 79
	Statement of Changes in Equity	. 80
	Cash Flow Statement	. 81
	Notes to the Standalone Financial Statements	. 82
b)	Consolidated
	Independent Auditors' Report on Consolidated Financial Statements	118
	Consolidated Balance Sheet	124
	Consolidated Statement of Profit and Loss	125
	Consolidated Statement of Changes in Equity	126
	Consolidated Cash Flow Statement	127
	Notes to the Consolidated Financial Statements	128

6) Statement of Impact of Audit Qualification (Standalone) . . . . . . . . . . . . . . . . . . . . . . . . . 165

7) Statement of Impact of Audit Qualification (Consolidated) . . . . . . . . . . . . . . . . . . . . . . . . 167

03

Five-Year Financial Highlights (Standalone)

Profit and Loss Account

					(` in Lakhs)
For the year ended 31st March	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
Revenue From Operations	96,773.89	90,444.07	1,12,397.28	94,292.66	1,07,243.22
Other Income	10,154.23	9,917.01	4,737.11	4,206.79	4,184.75
Total Income	1,06,928.12	1,00,361.08	1,17,134.39	98,499.45	1,11,427.97
Cost of materials consumed (including provisions)	44,317.29	40,020.76	44,913.87	43,492.03	50,033.50
Purchases of Stock-in-Trade	20.86	104.37	53.52	134.90	152.65
Changes in inventories of finished goods
and work-in-progress	(3,053.94)	(1,849.58)	(1,672.68)	(5,279.05)	2,201.32
Employee benefits expense	17,676.03	20,515.66	23,403.73	25,079.27	27,086.47
Other expenses	43,029.52	40,713.91	36,152.16	34,414.82	36,718.90
Total expenses	1,01,989.76	99,505.12	1,02,850.60	97,841.97	1,16,192.84
PBDIT	4,938.36	855.96	14,283.79	657.48	(4,764.87)
Finance Cost	61.71	128.18	130.06	207.42	938.02
Impairment loss on financial assets	863.42	-	-	806.07	341.72
PBDT	4,013.23	727.78	14,153.73	(356.01)	(6,044.61)
Depreciation & Amortisation	6,171.25	7,108.96	7,589.18	8,318.76	10,597.92
Profit before tax	(2,158.02)	(6,381.18)	6,564.55	(8,674.77)	(16,642.53)
Exceptional items	-	-	-	-	11,266.44
Deferred tax	(2,737.77)	(749.56)	1,094.30	(3,155.51)	2,061.22
Short / (Excess) provision for tax (earlier years)	(124.45)	-	62.02	23.70	-
Profit / (Loss) for the year	704.20	(5,631.62)	5,408.23	(5,542.96)	(29,970.19)
Profit / (Loss) from discontinued operations
(after tax)	175.72	-	-	-	-
Other Comprehensive Income	(28.49)	299.50	2,130.49	5,537.20	3,872.67
Total Comprehensive Income	851.43	(5,332.12)	7,538.72	(5.76)	(26,097.52)

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