financials

1. ,1
LI
BBY S
GHTING
Abby Lighting E Switchgeor Ltd
ISO 9OOt:2015
CIN: U3l2OOMH2OOOPLCt25776
DIRECTORS'REPORT FOR THE FINANCIAL YEAR 2019-20
To,
The Members,
Abby tighting & Switchgear Ltd.
Mumbai.
Your directors have pleasure in presenting their 20th Annual Report on the business and operations
of the company together with the Audited Statement of Accounts for the year ended 3Lst March,
2020.
1. Financial Results: ({ in Lakhs)
Particulars Year ended 31't
March 2020
Year ended 3l't
March 2019
Turnover < 3410.15 { 3406.10
Profit/(Loss) before taxation < 870.23 < 1128.61
Less: Tax Expense <231.66 < 352.79
Profit/(Loss) after tax <638.57 < 775.82
Add: Balance B/F from the previous year 0 0
Balance Profit / (Loss) C/F to the next year <638.57 < 775.82
2. Operating Performance:
During the year the total turnover of Electrical goods amounted to { 3410.15 Lakhs. This resulted in
a net Profit of { 870.23 Lakhs after providing Provision for tax <23L.66. This profit along with earlier
balance is carried over to the balance sheet. Looking at the present general market condition,
Directors feel that the Company would do better in the ensuring year.
The Company added many new products during the year. The Company added machinery and tools
for increased efficiency of ongoing operations. The Company is planning to manufacture/import
range of new products/ Light fixtures (without Electricals) & accessories to increase its offering to
the market it sells in.
3. Transfer to reserves:
The company has not transferred any amount to reserves.
4. Dividend:
Your directors do not rebommend Dividend for the financial year ended 31't March 2020.
Office 802-A,Fortune Terrabes
New link Road,Opp City Mall,
Andheri (W) Mumbai 4OO-O53 tndia
Foctory: #53/63/70, Genesis lndustriol Estote,
Phose l, Polghor-Boisor Rood,
Kolgoon, Polghor- 4OI4O4.
Mohoroshtro, Indio.
+ 91 O22 66938030
frontdesk@abbylighting.com
www.abbylighting.com
o
@
@
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2. Srr
5. Material Changes between the financial year end and this date of the Report:
There have been no material changes and commitments, if any, affecting the financial position of
the Company which have occurred between the end of the financial year of the Company to
whict the financial statements relate and the date of this Report.
The impact of COVID-19 has been disruptive on the operation, of'tn" Company. With the
lockdown in many States/Union Territories across the country, the supply chains have been put
undef stress which has resulted in loss'of business and temporary pressure on cash flows/
liquidity/profitability/margins due to lower collection of receivables, operating expenses payment
obligations towards vendors and statutory authorities, etc
However, the management of the Company is confident that the business operations will pick
up progressively
6. Significant and material orders passed by the regulators or courts or tribunals impacting the
going concern status and Company's future operations:
During the year under review there has been no such significant and material orders passed by
the regulators or courts or tribunals impacting the going concern status and Company's future
operations.
7. Subsidiary Company:
As on March 31,2020, the Company does not have any subsidiary.
8. Statutory Auditor & Audit Report:
The Statutory Auditors of the Company, M/s. Hari Arvind & Associates, Chartered Accountants,
Mumbai having Firm Registration Number 128986W has express their inability to continue as
Auditor for next year. Pursuant to the provisions of Section 139 and L42 of the Companies Act, 2013
read with Rule 3 of the Companies (Audit and Auditors) Rules, 2OL4, as amended from time to
time, M/s. V P HARIKUMAR & CO. (Chartered Accountants), having FRN No.129117W and
Membership No.: 11-7403 based at 128, Udyog Kshetra, Mulund Goregaon Link Road, Mulund West,
Mumbai - 400080 express his desire and eligibility to act as Statutory Auditor if appointed . M/s. V P
HARIKUMAR & CO. (Chartered Accountants), be and are hereby appointed as the Statutory Auditors
of the Company in place of the retiring auditors and to hold offiee tillthe conclusion of the ensuing
Annual General Meeting and are eligible for re-appointment on such remuneration, fee and out of
pocket expenses as shall be fixed by the board of Directors of the Company in consultation with
Ariditors."
9. Details of directors or key manaferial personnel:
There is no change in the details of directors and key managerial personnel of the Company.
10. Fixed Deposits:
The Company has not accepted any Fixed Deposits from public during the financial year.
11. Conservation ofenergy, technolo$yabsorption, foreign exchange earnings and outgo:

3. $rr
The information on conservation of energy, technology absorption and foreign exchange earnings
and outgo stipulated under Section 134(3) (m) of the Companies Act, 2013 read with Rule, g of
The companies (Accounts) Rules, 20L4,isannexed herewith as,,Annexure A,,.
12. Risk Management .
The Company has laid down procedures to inform Board members about the risk assessment and
nlinimization procedures. These procgdures are periodically reviewed to ensure that executive
managerhent controls risk through means of a properly defined framework.
13. Disctosure under tire Sexual Harassment of Women at Workplace {prevention, prohibition and
Redressal) Act, 2013: The Company has in place an Anti Sexual Harassment policy in line with the
requirements of The Sexual Harassment of Women at the Workplace (prevention, prohibition
Prohibition & Redressal) Redressal) Act, 2013. lnternal Complaints Complaints Committee (tCC)
has been set up to redress complaints received regarding sexual harassment. All employees
{permanent, contractual, temporary, trainees) are covered under this policy.
14. Corporate Socia! Responsibility:
The Company does not fall within purview of Section
hence is not required to constitute CSR Committee
responsibility.
135(L) of the Companies Act, 2013 and
or formulate policy on corporate social
15. Number of meeting of the Board:
During the year zoLg-21, the Board of Directors met four times.
15. Directors' Responsibility Statement:
Pursuant to the requirement under section 134(3) (C) of the Companies Act, 2013 with respect to
Directors' Responsibility statement, it is hereby confirmed that:
(i) ln the preparation of the annual accounts for the financial year ended 3Lst March, 2020, the
applicable accounting standards had been followed along with proper explanation relating to
materialdepartures;
(ii) The directors had 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 as at March 31,2020 and of the profit and loss of the Company
for that period;
(iii) The directors had taken proper and sufficient care for the maintenance of adequate
. accounting records in accordance with the provisions of the Companies Act, 2013 for
safeguarding the assets of the company and for preventing and detecting fraud and other
irregu la rities;
(iv) The directors had prepared the annual accounts on a going concern basis; and
(vi) The directors had devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively.
17. Declaration by lndependent Directors:
The Company was not iequired to appoint
4 of the Companies (Appointment and
declaration has been obtained.
lndependent Directors under Section t4g(41and Rule
Qualification of Direitors) Rules, 2014 hence no

4. Srr
18. Particulars of loans, guarantees or investments under section 186:
During the year under review, the'Company has not advanced any loans/ given guarantees/
made investments and therefore, the disclosure under this clause is not applicable.
19. Extract of The Annual Return in Form MGT-9:
Pursuant to section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies
(Mqnagement and Administration) Rules, 201-4, the extract of Annual Return of the Company is
attached hdrewith- Annexure B
20. Related Party Transactions:
Particutars of contracts or arrangements with related parties referred to in sub-section (I) of
section 188 in the prescribed form AOC-2:
All related party transactions that were entered into during the financial year were on an arm's
length basis and were in the ordinary course of business.
Pursuant to clause (h) of sub-section (3) of section 734 of the Act and Rule 8(2) of the Companies
(Accounts) Rules, 2014; the relevant details are provided hereunder: -
1. Details of contracts or arrangements or transactions not at arm's length basis: Nil
2. Details of material contracts or arrangement or transactions at arm's length basis:
Name(s) of
the related
party and
nature of
relationship
Nature of
contracts/arran
gement/transac
tions
Duration of
the contracts
I
arrangements
/transactions
Salient terms of
the contracts or
arrangements
or transactions
including the
value, if any:
Date(s) of
approvat by
the Board, if
any:
Amount
paid as
advances
, if any:

5. $
21. Acknqwledgments:
The Diiectors express their sincere appreciation to the valued shareholders, employee, bankers and
clients for their supPort
Place:rf/lumbai
!
Date:02-!2-2020
For and on behalf of the Board of Directors
,/)
//
U,Z
/ SanjayBijaj
Director
(DlN:01649538)
4.,* b**
Anupama Bajaj
Director
(DlN:01a85889)

6.
ANNEXURE – A
Information under Section 134(3) (m) of the Companies Act, 2013 read with rule 8(3) the
Companies (Accounts) Rules, 2014 and forming part of the Report of the Directors
(A) Conservation of energy‐
(i) the steps taken or impact on conservation of energy: Not Applicable
(ii) the steps taken by the company for utilising alternate sources of energy: Not Applicable
(iii) the capital investment on energy conservation equipments: Not Applicable
(B) Technology absorption‐
(i) the efforts made towards technology absorption: Not Applicable
(ii) the benefits derived like product improvement, cost reduction, product development or
import substitution: Not Applicable
(iii) in case of imported technology (imported during the last year reckoned from the beginning
of the financial year) ‐ : Not Applicable

7. (iv) the expenditure incurred on Research and Development: NIL
(C) Foreign exchange earnings and Outgo‐
The Company’s main line of business is that of manufacturing of lighting fixture. The Company
has earned income in foreign exchange of INR 36.56 lakhs and had following outgo of INR 79.54
lakhs during the year under report, as detailed hereunder:
(` in Lakhs)
Particulars 2019‐2020
Total Foreign Exchange Earned ` 36.56
i) Repairs & Maintenance NIL
ii) Supply of man power and materials NIL
iii) Others NIL
iv) Foreign Exchange Outgo ` 79.54

8.
Annexure “B”
FormNo.MGT-9
EXTRACTOFANNUALRETURNASONTHEFINANCIALYEARENDEDON 31ST
MARCH
2020
[Pursuant to Section92 (3) of the Companies Act, 2013 and Rule12 (1) of the
Companies(Management and Administration)Rules, 2014]
I. REGISTRATIONANDOTHERDETAILS:
i. CIN
U31200MH2000PLC125776
ii. Registration Date
11‐04‐2000
iii. Name of the Company
ABBY LIGHTING & SWITCHGEAR LTD
iv. Category/Sub‐Category of the Company
PUBLIC LIMITED (closely held)
v. Address of the Registered office and contact
details
# 401/2/3, ORBIT INDUSTIAL ESTATE,
OPP. TANGENT, CHINCHOLI BUNDER ROAD
EXTENTION, MALAD (W), MUMBAI
Maharashtra‐400064. INDIA
vi. Whether listed company NO
vii. Name, Address and Contact details of
Registrar and Transfer Agent, if any
NOT APPLICABLE

9.
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
All the business activities contributing 10% or more of the total turnover of the Company shall be
stated:‐
Sr.
No.
Name and Description of main
products/ services
NIC Code of the
Product/ service
% to total turnover of the
company
1 LIGHT FIXTURES 31506 100%
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES
Sr.
No.
Name And Address Of
The Company
CIN/GLN Holding/
Subsidiary
/Associate
%of
shares
held
Applicable
Section
NIL NIL NIL NIL NIL NIL
IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
i. Category‐wise Share Holding
Category of
Shareholders
No. of Shares held at the
beginning of the year
No. of Shares held at the end
of the year
%
Change
during
The
year
Demat Physical Total % of
Total
Shares
Dem
at
Physical Total % of
Total
Shares
A. Promoter
1) Indian
a) Individual/ HUF NIL 332507 332507 100% NIL 332507 332507 100% NIL

10. b) Central Govt. NIL NIL NIL NIL NIL NIL NIL NIL NIL
c) State Govt(s). NIL NIL NIL NIL NIL NIL NIL NIL NIL
d) Bodies Corp NIL NIL NIL NIL NIL NIL NIL NIL NIL
e) Banks / FI NIL NIL NIL NIL NIL NIL NIL NIL NIL
f) Any Other NIL NIL NIL NIL NIL NIL NIL NIL NIL
Sub‐total(A)(1):‐
NIL 332507 332507 100% NIL 332507 332507 100% NIL
2) Foreign
g) NRIs‐Individuals NIL NIL NIL NIL NIL NIL NIL NIL NIL
h) Other‐
Individuals
NIL NIL NIL NIL NIL NIL NIL NIL NIL
i) Bodies Corp. NIL NIL NIL NIL NIL NIL NIL NIL NIL
j) Banks / FI NIL NIL NIL NIL NIL NIL NIL NIL NIL
k) Any Other…. NIL NIL NIL NIL NIL NIL NIL NIL NIL
Sub‐total(A)(2):‐
NIL NIL NIL NIL NIL NIL NIL NIL NIL
B. Public
Shareholding
1. Institutions
a) Mutual Funds NIL NIL NIL NIL NIL NIL NIL NIL NIL
b) Banks / FI
c) Central Govt NIL NIL NIL NIL NIL NIL NIL NIL NIL
d) State Govt(s)
e) Venture Capital
Funds
NIL NIL NIL NIL NIL NIL NIL NIL NIL
f) Insurance
Companies
g) FIIs NIL NIL NIL NIL NIL NIL NIL NIL NIL
h) Foreign Venture
Capital Funds
i) Others (specify) NIL NIL NIL NIL NIL NIL NIL NIL NIL

11.
Sub‐total (B)(1)
NIL NIL NIL NIL NIL NIL NIL NIL NIL
2. Non Institutions
a) Bodies Corp.
(i) Indian
(ii) Overseas
NIL NIL NIL NIL NIL NIL NIL NIL NIL
b) Individuals
(i) Individual
shareholders
holding nominal
share capital upto
Rs. 1 lakh
(ii) Individual
shareholders
holding nominal
share capital in
excess of Rs 1 lakh
NIL NIL NIL NIL NIL NIL NIL NIL NIL
c) Others(Specify) NIL NIL NIL NIL NIL NIL NIL NIL NIL
Sub‐total(B)(2)
NIL NIL NIL NIL NIL NIL NIL NIL NIL
Total Public
Shareholding
(B)=(B)(1)+ (B)(2)
NIL NIL NIL NIL NIL NIL NIL NIL NIL
C. Shares held by
Custodian for GDRs
& ADRs
NIL NIL NIL NIL NIL NIL NIL NIL NIL
Grand Total
(A+B+C)
NIL 332507 332507 100% NIL 332507 332507 100% NIL

12.
ii.Shareholding of Promoters
Sr.
No
Shareholder’s
Name
Shareholding at the beginning of
the year
Shareholding at the end of the year
No. of
Shares
% of total
Shares of
the
Company
%of Shares
Pledged /
encumbered
to total
shares
No. of
Shares
% of total
Shares of
the
company
%of Shares
Pledged /
encumbered
to total
shares
% change
in
shareholdi
ng during
the year
1. Sanjay G Bajaj 1,66,002 49.92% NIL 1,66,002 49.92% NIL 00.00
2. Anupama S
Bajaj
2,001 0.60% NIL 2,001 0.60% NIL 00.00
3. Suresh G Bajaj 1,64,501 49.47% NIL 1,64,501 49.47% NIL 00.00
Total 3,32,504 99.99% NIL 3,32,504 99.99% NIL 00.00
iii.Change in Promoters’ Shareholding
There are no changes in the Promoters’ Shareholding during the year under review.
V. INDEBTEDNESS
Indebtedness of the Company including interest outstanding/accrued but not due for payment ‐
NIL.

13.
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
A. Remuneration to Managing Director, Whole‐time Directors and/or Manager
Sl. No. Particulars of Remuneration
Name of MD/WTD/
Manager
Total
Amount
1. Gross salary
(a)Salary as per provisions contained in
section 17(1) of the Income‐tax
Act,1961
(b)Value of perquisites u/s 17(2) Income‐
tax Act,1961
(c)Profits in lieu of salary under section
17(3) Income‐ tax Act,1961
Sanjay
G Bajaj
Anupa
ma S
Bajaj
Sures
h G
Bajaj
N/
A
` 3,06,00,000
2. Stock Option
NIL NIL NIL NIL NIL
3. Sweat Equity NIL NIL NIL NIL NIL
4. Commission
‐ as % of profit
‐ Others, specify…
NIL NIL NIL NIL NIL
5. Others, please specify NIL NIL NIL NIL NIL
6. Total (A) ` 3,06,00,000
Ceiling as per the Act
Company had got
the approval from
members u/s197and
the same has been
submitted with ROC

14.
B. Remuneration to other directors:
Sl. No. Particulars of Remuneration
Name of MD/WTD/
Manager
Total
Amount
Independent Directors
∙Fee for attending board committee
meetings
∙Commission
∙Others, please specify
NIL
NIL
NIL
NIL
NIL
Total(1)
Other Non‐Executive Directors
∙Fee for attending board committee
meetings
∙Commission
∙Others, please specify
NIL
NIL
NIL
NIL
NIL
Total(2)
Total(B)=(1+2) NIL
NIL
NIL
NIL
NIL
Total Managerial Remuneration NIL
NIL
NIL
NIL
NIL
Overall Ceiling as per the Act NA NA NA NA NA

15.
C. Remuneration to Key Managerial Personnel Other Than MD /Manager /WTD
Sl.
no.
Particulars of
Remuneration
Key Managerial Personnel
CEO Company
Secretary
CFO Total
1. Gross salary
(a)Salary as per provisions
contained in section 17(1)of
the Income‐tax Act,1961
(b)Value of perquisites
u/s 17(2) Income‐tax
Act,1961
(c)Profits in lieu of salary under
section17(3) Income‐tax
Act,1961
NIL
NIL
NIL
NIL
2. Stock Option NIL NIL NIL NIL
3. Sweat Equity NIL NIL NIL NIL
4. Commission
‐ as % of profit
‐Others, specify…
NIL NIL NIL NIL
5. Others, please specify
6. Total NIL NIL NIL NIL

16. VII. PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES:
Type Section of
the
companie
s Act
Brief
descriptio
n
Details of Penalty/
Punishment/Compoundin
g fees imposed
Authority[R
D
/NCLT/Court
]
Appeal
made. If
any(giv
e
details)
A. Company
Penalty
Punishment
Compoundin
g
B. Directors
Penalty
Punishment
Compoundin
g
C. Other Officers In Default
Penalty
Punishment
Compoundin
g
THE COMPANY HAS NOT PAID PENALTY OF ANY AMOUNT TO ANY DEPARTMENT OR OTHERWISE
DURING THE YEAR UNDER REVIEW.

17. HryI ARUIND 66 ASSOCIA?ES
CHARTERE D ACCOUI{TA NT S
,,
Ynu*u
ApARrMEMrs, NEw
"f:::::
RoAD, ANDHERT EAsr, MtrMBAr-
lndependent Auditor's Report
ro the Membqrs of M/s. ABBY LIGHTING & SWITCHGEAR LIMITED.
Report on the standalone Financial Statements
Opinion
We have audited the accompanying Standalone financial statements of M/s. ABBY LIGHTING &
SWITCHGEAR LIMITED ("the Cormpony'')which comprises the Balance Sheet as at March 31,
2020, the Statement of Profit and Loss, (statement of changes in equity)iand statement of cash flows for
the year then ended, and notes to the financial statements, including a summary of significant
accounting policies and other explanatory information .
ln our opinion and to the best of our information and according to the explanations given to us, the
aforesaid standalone financial statements give the information required by the Act in .the manner so
required and give a true and fair view in conformity with the accounting principles generally accepted in
lndia, of the state of affairs of the Company as at March gL, 2O2O, and profit/loss, (changes in
equity)iiand its cash flows for the year 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, 20L3. 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 lnstitute of Chartered
Accountants of lndia 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 there under, and
we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code
of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion
Emphasisof Matter
The Company has made a detailed'assessment of its liquidity position for the next year and the
recoverability and carrying value of its assets comprising equipment, investments, inventory and trade
receivables. Based on current indicators of future economic conditions, the Company expects to recover
^-%
mbal i?
,rrp
d.
Et gumbat
)
Q*#

18. a
the carrying amount of these assets. The Company continues to evaluate them as highly probqble
considering the orders Q hand. The Situation is changing rapidly giving rise to inherent uncertainty
around the extent and timing of the potential future impact of the COVTD-19 pandemic which may be
different from that estimated at the date of approval of the financial results. The Company will continue
to closely monitor any material changes arising from future economic conditions and impact.on its
business-
Our opinion is not modified in respect of this matter.
OtherMattes
aa
i
Further to the cbntinuous spreading of CoVID -L9 across lndia, the lndian Government announced a
strict 21"-day lockdown on March 24,2020, which was further extended till June 30,2020, across lndia to
contain the spiead of the virus. This has resulted in restrictions @n a physical visit to the client locations
and the need for carrying out alternative audit procedures as per the Standards on Auditing prescribed
by the lnstitute of Chartered Accountants of lndia (ICAI).
As a result of the above, the entire audit was carried out based on remote access of the data as provided
by the management. This has been carried out based on the advisory on "specific Considerations while
conducting Distance Audit/ Remote Audit/ Online Audit under current Covid-i.9 situation" issued by the
Auditing and Assurance Standards Board of lCAl. We have been represented by the management that
the data provided for our audit purposes is correct, complete, reliable, and are directly generated by the
accounting system of the company without any further manual modifications.
We bring to the attention of the users that the audit of the financial statements has been performed in
the aforesaid conditions.
Our audit opinion is not modified in respect of the above.
Responsibility of Management for the standalone Financial statements
The Company's Board of Directors is responsible for the matters stated in section j.34(5) of the
Companies Act, 2013 ("the Act") with respect to the preparation of these standalone financial
statements that give a true and fair view of the financial position, financial performance, (changes in
equity)iiiand cash flows of the Company in accordance with the accounting principles generally accepted
in lndia, including the accounting Standards specified under section 133 of the Act. This responsibility
also includes maintenance of adequate accounting records in acco.rdance 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 implementation and maintenance of 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 statement that give a true and fair view and are free from material misstatement,
whether due to fraud or error.
ffi';#

19. ln preparing the financial statements, management is responsible for assessing the Company's ability. to
continue as a going confrn, disclosingoas applicable, matters related to going concern and using the
going concern basis of accounting unless management either inte.nds to liquidate the Company or to
cease operations, or has no realistic alternative but to do so.
Those Board of Directors are also responsible for overseeing the company's financial reporting process
Auditor's Responsibility for the Audit of the Financia! Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from mdterial 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 il 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.
Report on Other Legal and Regulatory Requirements
As required by the Companies (Auditor's Report) Order, 201.6, issued by the Central
Government of India in terms of sub-section (11) of section 143 of the Act, and on the basis of
such checks of the books and records of the Company as we considered appropriate, we give in
the ^A,nnexure 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 informatiq.n and explanations which to the best of our knowledge
and belief were necessary for the purposes of our audit.
a. ln 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 .
b. The Balance Sheet, the Statement of Profit and Loss, and the Cash Flow Statement dealt with by this
Report are in agreement with the books of account
c. ln our opinion, the aforesaid standalone financial statements comply with the Accounting Standards
specified under Section 133 of the Act, read with Rule 7 of the Cbmpanies (Accounts) Rules, 2014.
d. Onthebasisofthewrittenrepresentationsreceivedfromthedirectorsason3lstMarch,2020taken
on record bythe Board of Directors, none of the directors is disqualified as on 3Lst March, 2O2Ofrom
being appointed as a director in terms of Section 1,64 (2) of the Act.
e. With respect to the adequacy of-the internal financial controls over financial reporting of the
Company and the operating effectiveness of such controls, refer to our separate Report in "Annexure
8,,.
flm
Vt*r#

20. f. ln our opinion and t&he best of ot"rr information and explanation given to us the remuneration paid'
by the company to its directors during the year is in accordance with the provisions of Section 197 of
the Act.
g. With respect to the other matters to be included in the Auditor's Report in accordance with Rule L1
of the Companies (Audit and Auditors) Rules, 2Ot4, in our opinion and tothe 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
except as per Annexure-C.
the Company did not have any long-term contracts including derivatives contracts for which
there were any material foreseeable losses.
there were no amounts which required to be transferred to the lnvestor Education and
Protection Fund by the Company.
For HARI ARVIND & ASSOCIATES
Chartered Accountants
FRN-128986W
UDIN: 20 L L7 4O3.AAAADO75 87
v.P.l
PARTNER
M.N.1L7403
Place: Mumbai
Date: 02-12-2020
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HARI ARVIND & ASSOCIA"ES
CH^M.TERE D ACCOUI,ITA I,IT S
l, nAlovnu APARTMEj,f,:T9, NBw JvAcRDAs RDAD, ANDHDRT DAsr, MUMBAT-
400069
M/S. ABBY LIGHTING & SWITCHGEAR LIMITED
ANNEXURE "A" TO THE AUDITORS' REPORT
The Annexure referred to in our report to the members of M/S.ABBY
LIGHTING & SLTCHGEAR LIMITED for the year Ended on 31st March,2O2O.
In terms of the information and explanations sought by us and given by the
'Company and the books and records examined by us in the normal course of
audit and to the best of our knowledge and belief, We state that :
(i) (a) (a) The Company has maintained proper records showing full
particulars including quantitative details and situation of fixed
assets.
(b) The Company has a regular program of physical verification of its
fixed assets by which all fixed assets are verified annually. In our
opinion, this periodicitv of physical verification is reasonable
having regard to the size of the Company and the nature of its
assets. However, due to the lockdown restrictions issued by the
Central and State Government following the COVID'l9 pandemic,
the Company could not carry out physical verification of fixed
assets during the year. The physical verification of the fixed assets
was done by the management subsequent to the balance sheet
date on the partial lifting of the lockdown. The management has
performed ro11 backward procedures based on the physical
verification of fixed assets subsequent to the balance sheet date to
reconcile with the books as at the reporting date. According to the
information and explanations are given to us and based on the
alternative procedures performed as aforesaid, flo material
discrepancies were noticed on such verification.
O The title deeds of immovable properties are held in the name of the
Company except the renovation expenses capitalised under
building account incurred on rental premises.
(a) The management is conducting physical verification of inventory at
reasonable intervals.
ffi#
(ii)

22. (b)
o
The inr&ntory haSo been physically verified by the management
during the year, based on planned cyclical count procedures.
In our opinion, the frequency of such verification is reasonable.
However, due to the lockdown restrictions issued by the central and
State Government following the COVID'19 pandemic, the Company
could not carry out physical verification of inveirtory at the reporting
date. The physical verification of inventory *." done UV the
management subsequent to the balance sheet date on the partial
lifting of the lockdown.'we have relied on the management in this
regard since we could not observe the physical inventory verification
because cif the travel restrictions imposed due to coVID'19. we have
performed roll backward procedureb based on the management
physical verification of inventory subsequent to the balance sheet
date to reconcile with the book stock as of the reporting date.
According to the information and explanations are given to us and
based on the alternative procedures performed as aforesaid, flo
material discrepancies ryere noticed on such verification and
whatever differences are adjusted in the books of accounts.
According to the information and explanations given to us, the
Company has not granted any loans, secured or unsecured, to
companies, firms or other parties covered in the register maintained
under Section 189 of the Act. Accordingly, paragraphs (iii) (a), (iii) (b)
and (c) of the Order are not applicable to the Company.
The company has not given any loans, investments, guarantees and
security.
In our opinion, and according to the information and explanations
given to us, the company has not accepted any deposits in
contravention of directives issued by Reserve Bank Of India and the
provisions of Sections 73, 74, 75 and 76 or any other relevant
provisions of the Act and the Rules framed there under to the extent
notified and applicable. No order has been passed by the company law
Board or National Company law Tribunal or Reserve bank of India or
nay Court or any other Tribunal.
It has been explained to us that the maintenance of cost records has
not been prescribed under section l4s(1) of the companies Act 2oj,J.
(iii)
(iv)
("i)
(v)
(vii) (a) According to the books and records examined by us and the
information & explanations given to us, there were no undisputed
amounts payable in respect of provident fund, Investor Education
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23. (ix)
(x)
ProtectiongFund, enlployees' state insurance, income-tax, sales-tax, .
wealth tax, service tax, GST, duty of customs, duty of excise, value
added tax, cess and any other statutory dues with the appropriate
authorities have remained outstanding for a period exceeding 6
months from the date they became payable.
(b) According to the books and records examined by us and the
information and explanations given to us, there is no dispute in dues
of sales tax, GST or wealth tax or service tax or duty of customs or
du$ of excise or value added tax or cess except pending legal cases of
Income tax as per the Annexure-C.
(viii) The company has not defaulted in repayment of dues to the financial
institution or bank or Government or debenture holders.
The Company has not raised money by way of Initial Public offer or
further public offer (including debt instruments) and term loans.
On the basis of examination of books and as per explanations received
no fraud on or by the company by its officers or employees has been
noticed or reported during the year under report
-that
causes the
financial statements to be materially misstated.
(xi) In our opinion and to the. best of our information and explanation
given to us the remuneration paid by the company to its directors
during the year is in accordance with the provisions of Section 197 of
the Act.
(xii) The Company is not a Nidhi Company hence this clause is not
applicable.
(xiii) Based upon the audit procedures performed and according to the
information and explanations given to us all transactions with related
parties are in compliance with section 177 and 188 of the Companies
Act,2013, where applicable and the details have been disclosed in the
financial statements etc. as required by the applicable accounting
standards.
(xiv) The company has not
placement of shares or
the year under review.
made any preferential allotment or private
fully or partly convertible debentures during
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24. (xv) The comp&ry has 4gt entered into non- cash transactions with
directors or persons connected with him.
(xvi) The company is not required to be registered under section 45IA of the
.. Reserve Bank of India Act, 1934.
HARI ARVIND & ASSOC'ATES
CHARTERED ACCOUNTANTS
FRN:128986W
UDIN: 20 LL7 4O3AAAADO7587
KUMAR V. P.)
Partner
M.N. 117403
PLACE: MUMBAI
DATED: O2-L2-2O2O
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HARI ARVIND & ASSOCIA?ES
CHARTERED ACCOUI&JrTA/|yrTS
7, RAJGURU APARTMET{TS, NEW .IVAGRDAS ROAD, ANDHERT EAST, MUMBAI-
4o.o069
ANNEXURE "B" TO THE INDEPENDENT AUDITOR'S REPORT
Report on the lnternal financial Controls under Clause (i) of Sub-section 3 of Section 143 of
the Companies Act, 2013 ("the Act")
We have audited the internal financial controls over financial reporting of M/S.ABBY
LIGHTING & SWITCHGEAR LIMITED as of 31-Mar-2020 in conjunction with our audit of
the financial statements of the Company for the year ended on that date.
Management's Responsibility for lnternal Financial Controls
The Company's management is responsible for establishing and maintaining internal financial
controls based on the internal control over financial reporting criteria established by the
company considering the essential component of internal control stated in Guidance Note on
Audit of lnternal Financial Controls over Financial Reporting issued by lCAl. These
responsibilities include the design, implementation and maintenance of adequate internal
financial controls that were operating effectively for ensuring the orderly and efficient conduct
of its business, including adherence to company's policies, the safeguarding of its assets, the
prevention and detection of frauds and errors, the accuracy and completeness of the
accounting records, and the timely preparation of reliable financial information, as required
under the Companies Act, 20L3.
Auditors' Responsibility
Our responsibility is to express an opinion on the Company's internal financial controls over
financial reporting based on our audit. We conducted our audit in accordance with the
Guidance Note on Audit of lnternal Financial Controls Over Financial Reporting (the "Guidance
Note") and the Standards on Auditing, issued by lCAl and deemed to be prescribed under
section 143(10) of the Companies Act, 201-3, to the extent applicable to an audit of internal
financial controls, both applicableto an audit of lnternal Financial Controls and, both issued by
the lnstitute of Chartered Accountants of lndia. Those Standards and the Guidance Note
require that we comply with ethical requirements and plan and perform the audit to obtain
fto..
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26. reasonable ,,,rr.n* about *fri,h"r. adequate internal financial controts over financial
reporting was established and maintained and if such controls operated effectively in all
material respects. our audit involves performing procedures to obtain audit evidence about the
adequacy of the internal financial controls system over financial reporting and their operating
effectiveness. our audit of internal financial controls over financial reporting included obtaining
an understanding of internal financial controls over financial reporting, assessing the risk that a
material weakness exists,'and testing and evaluating the design and operating effectiveness of
internfi contrbl based on the assessed risk. The procedures setected depend on the auditor,s
judgment, including the assessment of the risks of material misstatement of the financial
statements,'whether due to fraud or error. we believe that the audit evidence I have obtained
is sufficient and appropriate to provide a basis for our audit opinion on the company,s internal
financial controls system over financial reporting.
Meaning of rnternal Financial controls over Financial Reporting
A company's internal financial control over financial reporting is a process designed to provide
reasonable assurance regarding the reliability of financial reporting and the pr"p.rr,ion oi
financial statements for external purposes in accordance with generally accepted accounting
principles' A company's internal financial control over financiat reporting includes those policies
and procedures that
(1) pertain to the maintenance of records that, in reasonable detail, accuratety and fairly
reflect the transactions and disposltions of the assets of the company;
(2) provide reasonable assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with generally accepted accounting
principles, and that receipts and expenditures of the company are being made only in
accordance with authorisations of management and directors of the company; and
(3) provide reasonable assurance regarding prevention or timely detection of unauthorised
acquisition, use, or disposition of the company's assets that could have a material effect
on the financial statements.
lnherent Limitations of Internal Financial Controls Over Financial Reporting
Because of the inherent
including the possibility of
limitations of internal financial controls over financial reporting,
misstatements due to error
evaluation of the internal
collusion or improper management override of controls, materiat
or fraud may occur and not be detected. Arso, projections of any
financial controls over financial reporting to future periods are
subject to the risk that the internal financial control over financial reporting may become
inadequate because of changes in conditions, or that the degree of compliance with the policies
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or procedures may deteriorate.

27. s
Opinion
ln our oilinion, the Company has, in all material respects, an adequate internal financial
controls system over financial reporting and such internal financial .bontrols over financial
reporting were operating effectively as at 31-Mar-2020. based on the internal control over
financial rpporting criteria established by th.e company considering the essential component of
internal control itated in Guidance Note on Audit of lnternal Financial Controls over Financial
Reporting issued by lCAl.
HARI RVIND & ASSOCTA?ES
CHARTERED ACCOUNTANTS
FRN:128986W
UDIN: 20 1 17403AAAADO7 587
Partner
M.N. 1t7403
PLACE: MUMBAI
DATED: O2-12-2O2O
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28. &
ANNEXURE-C
M/S ABBY L|GHTING & SWTTCHGEAR LTMITED
PENDING LITIGATION UNDER THE INCOME TAX ACT 1961
A.Y 1 NATURE OF DEMAND AMOUNT I RurHoRIry
201,0-1,1,
20t7-12
2009-10
Notice of demand U/s 156
Notice of demand U/s 156
Notice of demand U/s 155
Before The Commissioner of Appeal
Before The Commissioner of Appeal
Before The Commissioner of Appeal
297750.00
213628.00
1270550.00
1781928.00
+r

29. 20th Annual Repoft 2Ol9-2O
Abby Lighting & Switchgear Limited
Balance Sheet as at 31 March 202&
6lc
Particulars Notes
31 March 2020
Rs-
3l March 2019
Rs-
Shareholder's Funds
Share Capital t
Reserves and Surplus
NOn-Current Liabilities
Long term Borrowings
a
Current Liabilities
Trade payables
Other current liabilities
Short-term provisions
Non-current assets
>roperty, Plant & Machinery
Tangible assets
Intangible assets
, Capitalwork-in-progress
Deferred tax assets (net)
Non Current Investment
Long term loans and advances
Other non current assets
Current assets
Inventories
Current Investment
Trade receivables
Cash and bank balances
Short-term loans and advances
5
6
7
9
10
11
12
13
L4
15
16
3,326,070
327.638.L05
3,326,070
263,780,392
'330,964,175 267,L06,462
L7,288,443 24,372,845
17,288,443 24,372,845
L9,528,520
21,043,58L
22.742,634
t4,084,247
22,734,6t2
59,219,581
63,3r4,734 96.038.441
41L,567,353 387,517,748
96,447,503
1,393,5L4
1,853,090
2,456,649
L8,353,797
8,867,385
92,468,086
1,006,379
1,558,949
23,775,000
4,471,859
t29,371,937 123,280,273
53,587,00V
1 1,01 1,154
116,976,161
66,3L7,663
34,303,430
42,481,00L
4,117,206
105,205,062
60,926,955
51,507,250
srgnrtrcant accountrng polrcres ano notes fo tne rlnanclal
statements
Total
282,795,41s 264,237,476
4tt,567P53 347,5L7,744
accompanying notes are an integral part of the financial statements
As per our repoft of even date
For Hari Arvind & Associates For and on behalf of the board of directors of
Abby tighting & Switchgear Limited
No.1 17403
ManagingDirector Director
(DIN:01649538) (DIN:01555250)
Place : Mumbai
Date : 02-12-2020
128986W
d-tu*h
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2
3

30. Abby tighting & Switchgear Limited
of Profit and loss for theyear ended 31st March 2020
Statement
Pafticulars
{r tr
Notes
31 March 2020
Rs.
31 March 2019
Pe-
Income
Revenue from operations
Other Income
Total Revenue
..
Expenses .
Cost of material and components consumed '
Changes in inventories of finished goods, work-in-progress and
stock-in-trade
Employee benefit expense
Other expenses - i
Depreciation and amortization expenses
Finance Costs
Total Expenses
Profit before tax
Tax expenses
Current tax
Earlier year taxes
Deferred tax
Total tax expense
Profit for the year
I
lEarning per equity share [Nominal value of Rs.10] (31 March 2020 :
I ns. ro)l
| - Basic and Diluted
L7
1B
19
20
2L
22
23
24
338,520,399
2,494,82t
339,457,069
t,t53,266
341,015,219 340,610r336
124,893,t82
-799,258
65,520,779
42,267,2L5
L9,012,325
3,097,212
142,2L4,354
-5,062,828
42,287,295
28,L74,683
16,501,652
3,633,297
253,991,455 227,748,453
87,023,764 112,861,883
22,742,634
L,32l,Ll7
-897,700
35,319,58'l
-39,947
23,166,OsL 35t279,634
63,857,7L3 77,582,248
L92 233
Significant accounting policies and notes to the flnanclal
statements 1
The accompanying notes are an integral part of the financial statements
As per our repoft of even date
For Hari Arvind & Associates
Chartered Accountants
ICAI Firm Resistration Number : 128986W
uDrN : 20 1 11403AAMDO7587
Ha
Partner
Membership N0.117403
Place : Mumbai
Date : 02-12-2020
kWJ fure,&'*r
For and on behalf of the board of directors of
Abby Lighting & Switchgear Limited
(CIN : U31200MH2000P1C125775)
Managing Director Director ' Director
(DIN:01649538) (DIN:01566250) (DIN:01485889)
Place : Mumbai
Date : 02-12-2020
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31. Cash Flow Statement for the year ended March
Abby Lighting & Switchgear Limited
2020
31st March 2020 31st March 2019
Amount in Rs. Amount in Rs.
A.
B.
c.
lCash
Row From Operating Activitie& tr
lNet Profit/ (Loss) before tax as per Profit and Loss Account
lAdjusted for:
lDepreciation and Amortisation Expense
f
Profit on Assets sold / discarded (Net)
I Interest Expenses
lauO O"nt written off
I
I
lOneratinO
Profit Before Working Capital Changres
luorerents in workif;g Capitali
lllncrease) / Decrease in Trade Receivables
Illncrease) / Decrease in Inventories
|
(tncrease) / Decrease in Short Term Loans and Advances
i(Increase) / Decrease in Long Term Loans and Advances
(Decrease) / Increase in Trade Payables
(Decrease) / Increase in Other Current liabilities
(Decrease) / Increase in Provisions
Cash Generated From Operations
Taxes Paid
Net Cash from Operating Activities
Cash Flow From Investing Activities:
Purchase of Fixed Assets
Proceeds from sale of Fixed Assets
Interest received
Current Investment
Long Term Investment I
Net Cash Used in Investing Activities
I
Cash Flow From Financing Activities: I
Repayment of loan I
Proceeds from Borrowings I
Prior year taxes I
Interest paid I
Net Cash Used in Financing Activities
I
Net Increase in Cash and Cash Equivalents I
Cash and Cash Equivalents as at the beginning of the year
Cash and Cash Equivalents as at the end of the vear I
19,012,325
3,097,2L2
(1,702,7L4"
87,023,764
20.406.824
16,501,652
3,633,297
(1,036,060)
112,861,883
19,098.889
(lL,77L,0gg)
(11,106,006)
L7,203,820
(4,395,526)
5,444,272
(1,691,032)
(35,510,059)
(17,799,042)
{34,074,337)
(369,496)
L,756,LL6
(11,605,219)
35.319.s81
107,430,588
G2,792.s16
L31-,960,772
(62,282,4s7
(25,23r,967)
L,702,714
(6,893,948)
5,42r,203
(21,615,485)
1,036,060
(4,1t7,206)
(23.775.O0O
64$38,O72
(22.74).6i4
69$78FLs
(3s,319,s81)
41,895,439
(25,001,998)
(LL,502,732)
5,390,709
60,926,955
34,358134
t48,47L,63L)
(14,248&65)
(28,360,963)
89.287.91R
(7,084,402
(1,32L,rt7
(10,614,768)
13.633,297)
66.3L7.663 60,926.9ss
ash and Cash Equivalent Comprises of :
- Cash in hand
Balance with Banks
Total
lg0,!72
60,736,783
____9q926,95E_
Notes:
ICAI Firm Regiqtration Number: 128986W
Paftner
Membership No.117403
Place : Mumbai
Date : 02-12-2020
1 The above Cash Flow Statement has been prepared
on Cash Flow Statements.
2 Figures in bracket indicate cash outgo.
3 Previous years'figures have been regrouped/rearranged to conform with current years'classifications.
As per our report of even date
For Hari Arvind & Associates
Chartered Accountants
For and on behalf of the board of directors of
'b."'.'*ffii'ffi*
sanjay Bajaj /**i
6r-r,qN
(,"'.::::#
Managing Director Director Director
(DIN:01649538) (DIN:016662s0) (DIN:01485889)
Place : Mumbai
Date : 02-12-2020
204,078
66,113,586

32. 20th Annual Repoft 2019-20
Abby Lighting Switchgea4ftd. rr
Notes to the financial statements for the year ended 31 March 2O2O
Amounts in the financial statements are presented in Rupees, except for per share data'and otherwise
stated. All exact amounts are stated with the suffix "/-".
The previous year flgures have been regrouped/reclassified, wherever necessary to conform to the
current year presentation.
2. Share Capitat
Pafticulars 31 March 2020
Rs.
31 March 2019
Rs.
Authorised shares
Equity Shares Rs.10/- par value
10,00,000 (10,00,000) equity Shares
Issued, Subscribed & Paid Up
Equity Shares Rs.10/- par value
'3,32,607 (3,32,607) equiW Shares fully paid up
10,000,000 10,000,000
3,326,070 3,326,070
Total issued, subscribed and fullv paid-up share capital 3,326,070 3,326,070
Reconciliation ofthe shares outstanding at the beginning and at the end ofthe reporting period
Amount
Equity shares
At the commencement of the yearlperiod
Issued during the yearlperiod
Issued during the period - ESOP
Equrty shares bought back by the Company
utstandins at the end ofthe year/period
Details of shareholders holding more than 5olo shares
in the Company:
Mr. Sanjay G Bajaj
Mr. Suresh G Bajaj
Terms / rights attached to equity shares
No. o/o holding
t,66,0021- &49.92o/o
t,64,50U- &49.47o/o
No" o/o holding
L,66,0021- &49.92o/o
1,64,50L1- &49.47o/o
The Company has only one class of equity shares having a par value of Rs. l0 per share. Each holder of equity shares is
entitled to one vote per share.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of
the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of
equity shares held by the shareholders.

33. Abby Lighting Switchgear Ltd.
&
Notes to financial statements for the yeif ended 31 March 2020
3. Reserves and Surplus
4. Long Term Borrowings
Long term loan from ICICI and HDFC Banks are secured by hypothecation of Motor Vehicles
Loan from Indus Ind bank is secured by collattaral security of company assets and personal guarantee of Directors
Current maturity of Long term loan is classified under other current liabilities , Ref" Note.6
5. Trade Payables
As at March 31st 2020, there are no outstanding dues to Micro and Small Enterprises and there are no interest due
or outstanding on the same/ as per agreed terms with MSME Vendors.
Micro and small enterprises have been determined to the extend such pafties have been identificed on the basis of
information collected by the Management. This has been relied upon by the Auditors.
Pafticulars 3l March 2020
Rs.
3l March 2019
Rs.
Surplus - Opening Balance
Add : Net P6fit aftE tax transferred from
Statement of Profit & Loss
Amount Available for Appropriation
Shoft Provision foitax for the previous years
Net surplus in the statement of profit and loss
263,78d3s2
63,857,7t3
327,638,105
327,638,705
186,198,144
77,582,248
263,780,392
263,78A392
Total 327,638,105.35 263,780,392
Pafticulars 31 March 2O2O
Rs.
31 March 2019
Rs.
Secured (Vehicle Loan)
Car Loan- ICICI Bank20003
Car Loan- HDFC Bank Ltd
Secured Term Loan Induslnd - 508003457956
335,222
843,97L
16,109,250
537,937
L,620,825
22,2L4,083
Total L7,288,443 24,372,845
Particulars 3l March 2020
Rs.
31 March 2OL9
Rs.
Sundry Creditors for Goods
Sundiy Creditors for Capital Expense
19,118,665
409,855
13,931,108
153,139
Total 19,528,520 L4,O84,247

34. Abby Lighting Switchgear Ltd.
e
Notes to financial statements ffr tt
"
year endSd 31 March 2020
6. Other current liabilities
Pafticulars 31 March 2020
Rs,
31 March 2019
Rs.
Current maturity of Long term borrowirlgs*
Advance Deposit for Sale
Sundry Creditors for Expenses
Accrued Salaries & Benefits
Directors Ren!!neration
Salary Payable !
Wages Payable
Statutory Liabilities
TDS Payable
MVAT
Profession Tax (Employee A/c)
PF Payable
ESIC Payable
GST Payable
Provision for Expenses
Rent Payable
Audit Fees Payable
Outstanding Liabilities Electricity
Outstanding Liabilities Payable (others)
Outstanding Liabilities Telephone
Profession Charges Payable
7,355,212
4,263,50L
2,867,270
L,2!L,4_79
20,525
L75,524
40,015
1,505,151
180,000
997,350
281,000
2,073,467
3,086
50,000
8,045,347
3,439,962
4,055,2L0
1,035,634
2,053,625
1,398,88s
937,604
-25,383
18,300
L24,358
180,000
667,350
416,574
57,409
4,737
325,000
Total 2L,O43,597. 22,734,6L2
*Refer Note, 4 Current maturity of Long term borrowings
7. Shoft term provisions
9, Deferred Tax (Liability)/Assets (Net)
Deferred Tax assets and Deferred Tax liabilities have been offset wherever the Company has a legally
enforceable right to set off current tax assets against current tax liabilities and where the deferred tax
assets and deferred tax liabilities relate to income taxes levied by the same taxation authority.
Particulars 31 March 2020
Rs.
31 March 2019
Rs.
Provision for Income Tax 22,742,634 59,219,581
Total 22,742,634 59,219,581
Particulars 31 March 2020
Rs.
31 March 2019
Rs.
Deferred tax asset
Difference between Book and Tax Depreciation
Deferred tax liabiliW
Fixed Assets
1.558.94C 1,519,002
1,55&949
897,700
1,5191002
39,947
897,7O0 39,947
Net deferred tax liabiliW/(assets) 2,456,649 1,558,949
dl*%
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36. Abby Lighting Switchgear Ltd.
Notes to financial statemenfi for the year ended 31 March 2020
v+r
10. Non Current Investment
a
I
The carrying amount of investments are at cost and the market value of Non-current investments as on 31-03-2020 is
Rs.L7,409,522/-
11. Long Term Loans & Advances
12. Inventories
Note: Includes goods sent for exhibition at a value of Rs.1,259,999/- returnable after the exhibition.
13. Current Investment
The cairying amount of investments are at cost and the market value of current investments as on 31-03-2020 is
Rs.10,839,742l-
Pafticulars 3l March 2O2O
Rs.
31 March 2019
Rs.
Aggregate amount of quoted investments 78,353,797 23,775,000
Total t8,353,797 23,77s,000
3I March 20ZO
Rs.
31 March 2019
Rs.
Electricity and Other Deposits
Rental Deposits
Loans and advances to employees
607,385
7,660,ooo
600,000
561,859
3,310,000
600,000
Total 8,867,385 4,471,859
Pafticulars 3l March 2020
Rs.
31 March 2019
Rs.
Raw Material
Semi Finished Goods
Finished Goods
45,153,281
6,547,198
1,996,529
34,846,533
6,827,540
806,928
fotal 53,587,007 42,48,-,OOL
Pafticulars 3l March 2020
Rs.
31 March ZO19
Rs.
Aggregate amount of quoted investments 11,011,154 4,117,206
Total 1 1,011,154 4,tL7,206
fttt''q
u#

37. Abby Lighting Switchgear Ltd.
Notes to financial statements for the year ended 31 March 2020
14. Trade Receivable & tl
Balances under trade receivables are in the process of confirmation / reconciliation and the consequent adjustement, if
any , upon confirmation.
15. Cash and Cash Equivalents
16. Short Term Loans and Advances
Particulars 3l March 2020
Rs.
3l March 2019
Rs.
Debts outstanding for a period exceeding six months
Unqecured, consldered good
Others
Other Debts
Unsecured,onsideled good
50,467,3L1- 15,901,896
50,467,31L 15,901,896
66,508,850 89,303,166
66,508,850 89,303,166
Total 'LL6,975,L61 105,20s,052
Pafticulars 3l March 2020
Rs.
3l March 2019
Rs.
Cash on hand
Balance with Banks
Bank of Baroda
Induslnd Bank (Cash Credit)
Fixed Deposits with Bank
(Maturing within next 12 months)
204,078
40,846,928
8,543,733
16,722,925
190,t72
4,009,544
40,L69,823
16,558,416
fotal 66,317,663 60,926,955
Pafticulars 3l March 2020
Rs.
3l March 2019
Rs.
Other Loans and advances
Advance Income Taxes
Prepaid Expenses
Loans and advances to employees
10,475,408
22,934,506
142,516
851,000
1,131,843
49,011,95g
819,949
543,500
Total 34r303,430 51,507,250
.,[;;"#

38. Abby Lighting Switchgear Ltd.
Notes to financial statemenls for the year ended 31st March 2020
v+!
17, Revenue from Operations
18. Other Income
19. Cost of Raw Material Consumed
Pafticulars 3l March 2020
Rs.
31 March 2019
Rs.
Sale of rnanufactured goods
Sale of manufactured goods & exported
335,869,850
2,650,549'
338,593,383
863,686
Total 338,520,399 339,457,069
a
Particulars 3l March 2020
Rs.
3l March 2019
Rs.
Capital Gain on Redemption of Mutual Fund
Other Income
Interest Received From Bank
780,807
11,300
1,702,7_74
117,206
1,036,060
Total 2,494,82L 1,153,266
Pafticulars 3l March 2020
Rs.
3l March 2019
Rs.
Inventory at the beginning of the year
Add:
Puichase of Raw Material & Others
Purchase (Impoft) of Raw Material & Others
Less:
Inventory at the end ofthe year
Add:
Power & Fuel
Labour & Wages for manufacturing
Others Man ufactu ring Expenses
34,846,533
701,845,917
5,932,545
142,624,995
45,153,281
97,47L,7t5
5,965,588
16,6L9,647
4,836,233
22,L10,3L9
108,454,190
19,759,883
150,324,392
34,846,533
1L5,477,859
5,208,779
t7,212,210
4,315,506
Total L24,893,L82 L42,214,354
d)5.141*
fr'n'"'*")t?
Qttt#

39. Abby Lighting Switchgear Ltd.
Notes to financial statement&for the year ef,$ea 3l March 2020
20. (Increase)/Decrease in Inventories
Pafticulars 3l March 2O20
Rs.
31 March 2019
Rs.
InventorieS at the end of the year
Work in Progress
Finished Goods
stock-in-trade
-
Inventoriei at the feginning of the year
Work in Progress
Finished Goods
Trading Items
6,547,199
1,996,529
8,433,726
6,827,540
806,929
'7,634,468
6,827,540
806,928
7,634,468
7L7,707
1,953,933
2,57L,640
Total -799,258 -5,062,828
21. Employee Benfit Expenses
22. Other Expenses
Pafticulars 31 March 2020
Rs.
3l March 2019
Rs.
Directors Remuneration
Festival Expenses
Salary
Employer Contribution to P.F
Staff & Labour welfare Expenses
30,600,000
L94,807
32,79L,785
973,290
960,997
18,150,000
r44,956
22,432,858
704,495
854,996
Total 65,52O,779 42,2A7,29s
Particulars 3l March 2(}20
Rs.
31 March 2019
Rs.
lAdvertisement, Publicity and Sales Promotion
lAuditor's Fee
lRraitofs Fee- Other Matters
lElectricity Expenses
lservice Tax (Net Paid)
lFinancial Charges
lFreight Outward & Other Selling Expenses
llnsurance
I
Interest Paid - Late payment TDS
MVAT/CST Prev Dues
Net Loss/(Profit) on foreign currency transaction and translation
Printing & Others
Profession Fees
Remission on Settlements
Rent, Rates and Taxes
Repairs & Maintenance
Sales Commission
Telephone & Communication Expenses
Travelling and Conveyance other than on foreigntraveling
Foreign travelling expenses
Donation
Membership & Subscription
Vehicle Expenses
6,ggg,g04
450,000
10,500
417,456
40,094
234,2L0
L,755,304
283,456
57,690
1i716,525
33,370
252,675
9,233,340
-694,152
tL,L0L,464
4,037,t93
2,349,903
458,197
2,605,046
406,368
110,000
48,130
L,361,662
2,359,232
450,000
267,093
65,070
36L,923
2,05L,7L0
333,523
368,936
422,773
-208F37
998,579
6,766,360
-3,948
3,601,316
5,139,296
1,320,065
459,872
2,125,0-92
30,000
1,269,339
Total 42,267,215 24,L74,683
d'',%
-it i {rrrrnbrr }i
Q;trr#

40. Abby Lighting Switchgear Ltd.
Notes to financia! statem$ts for the ye#oended 3I March 2020
23. Depreciation and Amortisation Expenses
Palticulars 31 March 2020
Rs.
31 March 2019
Rs.
Depreciation L9,0t2,325 16,501,652
19,012,325 16,501,652
a
24. Finance Cost
Pafticulars 3l March 2020
Rs.
31 March 2019
Rs.
Interest Paid (Term Loan) 3,097,212 3,633,297
TOTAT RS. 3,097,212 3,633,297
fl:h
Ei rlu$r'- ie
Qo#
Total

41. Abby tighting SwitchSea+td.
tr
Notes to financial statements for the year ended 31 March 2O2O
25. Earning per share
26. Contingent Liability & Capital Commitment
27. Earning in foreign exchange
28. Expenditure in foreign currency
29. Receivables and Payables in foreign currenty
Foreign currency exposures on account oftrade payables not hedged by derivative instruments are as follows:
Particulars 31 March 2020
Rs.
31 March 2019
Rs.
Net profit (loss) for the period attributable to equity shareholders
Weighted average number of equity shares outstanding during the period
Basic earnings per share of face value of Rs 10 each
*
63,85/,!13
332,607
L9?
77,582,248
332,607
233
Pafticulars 31 March 2O2O
P<
31 March 2019
Rs-
The Company does not have any contingent liabilities as at 31 March 2020
Commitments
Estimated amount of contracts remaining to be executed on capital account and
not provided for
Particulars 31 March 2O20 31 March 2019
Export of goods 2,650,549 863,686
2.6s0.s4s 853.585
,afticulars 31 March 2O20 31 March 2O19
Import Purchases
Exhibition Expenses
Foreign Travel Expenses
s,3s8,810
1,227,9_s0
19,7s9,883
93,306.00
5.585,759 19-853,189
Particulars 31 March 2O20 31 March 2O19
Foreion currencl INR INR
Payables (unhedged) EUR 60
Receivables (unhedged)
usD 229.09
GBP 367.s0
Euro 6438.81
4,79t
16,504
33,810
507,622
L0,227
33,610
s07,622
6))'-^"€
ii tlumbrr i
t*rr"#

42. Abby Lishtins Switchsear tfi!.
+r
Notes to financial statements for the year ended 31 March 2O20
30. Related party transactions
( A ) Key Management Personnel
Directod ofthe Company Mr.Sanjay Bajaj
Mr. Suresh Bajaj
Mrs. Anupama Bajaj
Relative of Key Management Personn( Mrs. Saroj Bajaj
( B ) Releled parties with whom transactions have taken place during the period
I
31. Micro small & medium enterprises
Under the Micro, Small and Medium Enterprises Development Act, 2006 which came into force from 2 October, 2006, certain
disclosures are required to be made relating to dues to Micro and Small Enterprises. On the basis ofthe information and records
available with the management, there are no parties registered as Micro and Small Enterprises.
Particulars Name of the parties Relative of Key
Management
Personnel
, Rs.
Key Management
Personnel
Rs.
Transactions
Rent Paid Mrs. Saroj Bajaj
Mr.Sanjay Bajaj
Mr. Suresh Bajaj
Remuneration paid Mr.Sanjay Bajaj
Mr. Suresh Bajaj
Mrs. Anupama Bajaj
Note* Previous year figures have been given in brackets
600,000
(600,000)
1,200,000
(1200000)
600,000
(600000)
13"200,000
(79s0000)
13,200,000
(79s0000)
4,200,000
(2250000)
Patticrrlarq 31 March 2020 31 March 2O19
The amounts remaining unpaid to micro and small suppliers as. at the end of the
period.
- Principal
- Interest
The amount of interest paid by the buyer as per the Micro
The amounts of the payments made to mlcro and small
The amount of interest due and payable for the period of
The amount of interest accrued and remaining unpaid at
The amount of further interest remaining due and payable
fffi
Qtrr-^;9

43. 32. No confirmation letters has been received from Debtors, creditors and advances from debtors and advances to creditors.
a
33. Figures of previous year ar6tegrouped and re#mnged wherever necessary.
34.The Company deals in variety of electrical goods hence details are quite exhaustive therefore quantitative details for manufactured
goods & traded goods are not given.
35. During the year under audit there was no change in Authorised and paid up share capital of the Company.
36, Other matters
Information with regards to other matters specified in revised Schedule VI to the Act is either Nil or not applicable for the period.
l
As per our repoft of even date
For Hari Arvind & Associates
Chartered Accountants For Abby tighting & Switchgear Limited
128986W
ManagingDirector Director Director
(DIN:01485889)
(DIN:01649538) (DIN:016662s0)
Place : Mumbai
Date : 02-12-2020
ICAI Firm Regi5[ration Number :
uDrN : 201 174i3hAMDO7s87
t2s776)
Membership No.117403
Place : Mumbai
Date:02-12-2020
*rurnbr

44. M/S. ABBY LIGHTING & SlIIITCHGEAR LIMITED
NorES To rHE rruetkrar, srATElqENTs FoR THE vEAR ENDTD ot-oo-2o2o.
Company Background
Abby Lighting Ared Switchgear Limited is a Public Limited Company incorporated on 1 1 April
2000 under the Companies Act, 1956. The Compan3r is MSME registered and is an ISO
9001: 2015 certified manufacturer of LED lighting for more than tr.r,o'decades. Abby Lighting
& Switchgear Lirnited has their maaufacturing unit at Palghar - Maharashtra. Our unit has
modern machines and an in-house testing lab, a family run business that has an eye for
detail;ta strogg personal contact and exceptional service levels. Abby Lighting & Switchgear
Limited has a strong presence with a widespread distribution through its channel partners
in India and abroad, offers a full spectrum of architectural lighting products for interior &
exterior spaces.
1. Significant Accounting Policies:
(ifBasis of preparation of Financial Statements
The financial statements have been prepared and presented under the
historical cost convention, on the accrual basis of accounting, in accordance
with the accounting principles generally accepted in India (lndian GAAP) and
comply with the Accounting Standards prescribed in the Companies
(Accounting Standards) Rules, 2006 which continue to apply under Section
133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts)
Rules, 2014 and other relevant provisions of the Companies Act, 2Ol3 ('the
Act), to the extent notified and applicable. The financial statements are
presented in Indian rupees. '.
All assets and liabilities have been classified as current or non-current as per
the Company's normal operating cycle and other criteria set out in Schedule III
to the Act. Based on the nature of the services and their realisation in cash
and cash equivalents, the Company has ascertained its operating cycle as
twelve months for the purpose of current or non-current classification of assets
and liabilities.
(ii| Use of Estimates
The preparation of {inancial statements in accordance with generally accepted
accounting principles ('GAAP) in India requires that management makes
judgment, estimates aqd assumptions that affect the reported amounts of
' assets and liabilities, disclosure of contingent liabilities as of the date of the
financial statements and the reported amounts of revenues and expenses
during the reported period. The estimates and assumptions used in the
accompanying linancial statements are based upon management's evaluation
of facts and circumstanies as at the date of the financial statements. Actual
results could differ from those estimates. Estimates and underlying
assumptions are reviewed on an ongoing basis. Any revision to accounting
estimates is recognised prospectively in current and future periods.

45. (iiif Current/ Non- current classification.
All assets and liQbilities are qlassified into current and non-current.
Assets
An asset is classified as current when it satisfies any of the following criteria:
(a) it is expected to be realised in, or is intended for sale or consumption in, the
cpmpany's normal operating cycle;
(b) it is held primarily for the purpose of being traded;
(c) it is expected to be realised within 12 months after the reporting date; or
(d)it is cash or cash equivalent unless it is restricted from being exchanged or
used to settle a liability for at least 12 months after the reporting date.
'.i
Current assets include the current portion of non-current financial assets.
other assets are classified as non-current.
Liabilities
A liability is classified as current when it satisfies any of the following criteria:
(a) it is expected to be settled in the company's normal operating cycle;
(b) it is held primarily for the purpose of being traded;
(c)it is due to be settled within 12 months after the reporting date; or
(d) the company does not have an unconditional right to defer settlement of the
liability for at least 12 months after the reporting date. Terms of a liability that
could, at the option of the counterparty, result in its settlement by the issue of
equity instruments do not affect its classification.
Current liabilities include current portion of non-current financial liabilities.
A11 other liabilities are classified as non-current.
Operating cycle
Operating cycle is the time betwe'en the acquisition of assets for processing and
their realisation in cash or cash equivalents. Based on the above definition
and the nature of services provided, the Company has ascertained its operating
cycle as 12 months for the purpose of current - non-current classification of
assets and liabilities.
(iv) Fixed Assets:
Tangible assets
Fixed assets are stated at cost of acquisition or construction less accumulated
depreciation I realizable and impairment loss, if, any. The cost of an item of
tangible fixed asset comprises of its purchase price, including freight, duties,
taxes (to the extent not recoverable from tax authorities) and any directly
attributable cost of bringing the asset to its working condition for its intended
use; any trade discounts and rebates are deducted in arriving at the purchase
price.
Subsequent expenditures related to an item of tangible fixed asset are added to
its book value only if they increase the future benefits from the existing asset
beyond its previously assessed standard of performance.
AI
dto*'-'h
;i $o*o,d i!
Q"trrtd

46. A fixed asset is eliminated from the financial statements on disposal or when
no further benefit is expected from its use and disposal. Losses arising from
retirement ana $ains or lor,ees arising from disposal of fixed assets which are
carried at cost are realizable in the Statement of profit and loss.
Intangible assets
Intangible assets comprise of acquired computer software. Intangible assets
are rcalizable whe"n the asset is identifiable, is within " the control of the
Company, it is probable that the future economic benefits. that are attributable
to the asset will flpw to the Company and cost of the asset can be reliably
mgasured. Acquired intangible , assets are stated at cost less accumulated
realizabletand impairment loss, if any.
Assets retired from active use and held
their net book value and net realizable
sale' under'Other current assets'.
Depreciation / amortisation
for disposal are stated at the lower of
value at'rd classified as Assets held for
Depreciation on tangible fixed assets is provided pro-rata to the period of use,
under the written down value method, at the rates which corresponds to the
useful lives followed by the Company, which are equal to or shorter than those
prescribed under Schedule II to the Act, which, in management's opinion,
reflect the estimated useful economic lives of these fixed assets.
Intangible assets are amortised using the written down value method over a
period as specified in the agreements or over the economic useful life as
estimated by the Company's management, whichever is lower. The economic
useful life is reviewed at the end of each reporting period.
The useful lives for tangible and intangible fixed assets are as prescribed under
Schedule II to the Act and are summarised below:
The useful lives are reviewed by the management at each financial year-end
and revised, if appropriate. In case of a revision, the unamortised depreciable
amount is charged over the revised remaining useful life.
(v) Impairment
In accordance with AS 28 on lmpairment of Assets', where there is an
indication of impairment of the Company's assets, the carrying amounts of the
Company's assets are reviewed at each reporting date / balance sheet date to
determine whether ,there is any indication of impairment. For assets in respect
of which any such indication exists, the asset's recoverable amount is
Assets Estimated useful life
( in years)
Plant & Machinery 15
Factory Buildins 30
Office Premises 60
Furniture & fixtures 10
Motor vehicles B
Computer & Software 3
Office Equipments 5
dr^t''.%
$#

47. estimated. An impairment loss is recognised if. the carrying amount of an asset
exceeds its recoverable amount.
s
For the purpose of impXirment
smallest group of assets (cash
inflows from continuing use that
other assets or CGUs.
testing, assets , are grouped together into the
generating unit or CGU) that generates cash
are largely independent of the cash inflows of
The recoverable amount of an asset or CGU is the greater of its value in use
and its net selling price. In assessing value in use, ths estimated future cash
flows expected to arise from the continuing use of the assets and from its
disposal at the .end of its useful life, or reasonable estimate thereof, are
{iscounted to their present value using a pre-tax discount rate that reflects
currentl market assessments of the time value of money and the risks specific
to the asset or CGU.
Impaiiment losses are recognised in the Staternent of profit and loss. However,
an impairment loss on a revalued asset is recognised directly against any
revaluation surplus to the extent that the impairment loss does not exceed the
amount held in the revaluation surplus for that same asset. Impairment loss
recognised in respect of a CGU is allocated first to reduce the carrying amount
of any goodwiii allocated to the CGU, and then to reduce the carrying amounts
of the other assets in the CGU on a pro rata basis.
If at the balance sheet date there is an indication that a previously assessed
impairment loss no longer exists or has decreased, the assets or CGU's
recoverable amount is estimated. For assets other than goodwill, the
impairment loss is reversed to the extent that the asset's carrying amount does
not exceed the carrying amount that would have been determined, net of
depreciation or amortisation, if no impairment loss had been recognised. Such
a reversal is recognised in the Statement of profit and loss; however, in the
case of revalued assets, the revprsal is credited directly to revaluation surplus
except to the extent that an impairment loss on the same revalued asset was
previously recognised as an expense in the Statement of profit and loss.
(vi)Retirement Benefits:
The Company does not have any retirement benefit scheme in respect of Leave
salary and Gratuity. Therefore Accounting Standard AS-15 issued by the
Institute of Chartered Accountants of India is not complied with.
(vii) Revenue Recognition:
Sales is recognized on execution of the job to the satisfaction of clients and on
the basis of invoices raised. Sales excludes amount recovered towards'Goods &
Service Tax.
(vii)Taxation:
Income-tax expense comprises current tax. (i.e. amount of tax for the period
determined in accordance with the income-tax law) and deferred tax charge or
credit (reflecting the tax effects of timing differences between accounting
income and taxable income for the period).

48. Current tax
Provision for cl&rent tax iq"recognised in accord.ance with the provisions of the
Income tax Act, 196l and is made based on, the tax liability using the
applicable tax rates and tax- laws after taking credit for tax allowances and
exemptions.
Deferred tax
Deferred tax liability or asset is recognised for timing differences between
tafable income and accounting 'income i.e. differences that originate in one
period and are capable of reversal in one or more subsequent periods.
Deferred tax assets and liabilities and the corresponding deferred tax credit or
charge are measured using the tax rates and tax laws that have been enacted
or substantively enacted as at the balance sheet date.
Deferred tax asset is recognised only to the extent there is reasonable certainty
that the asset can be realised in future; however, where there is unabsorbed.
depreciation or carried forward loss under taxation laws, deferred tax asset is
recognised only if there is a virtual certainty supported by convincing evidence
that sufficient future taxable income will be available against which such
deferred tax assets can be realised. Deferred tax asset is reviewed as at each
balance sheet date and written down or written up to reflect the amount that is
reasonably / virtually certain to be realised.
Consequent to the issuance of Accounting Standards 22 uaccounting for the taxes on
income" by the Institute of Chartered Accountants of India, The Company recognised
the deferred tax asset aggregating to Rs.8,97,7OOl- in the profit & loss account in the
year, the details of which are as under: -
Particulars Balance carried
as at 31.03.2019
Arising during
the vear
Balance carried as at
31.O3.2020
Deferred tax liabilities
On account of timing
deference in depreciation
Total deferred tax liabilities
Deferred tax assets
A) On account of timing
difference in depreciation, On
sale of Asset
15,58,9491-
8,97,700 /-
24,56,6491-
B) Disallowance U/s 43 b of
the Income Tax Act, 1961 0.00 o.00 o.0o
Total deferred tax 75,58,9491-
8,97,700/-
24,56,649 /-
Net deferred Tax
Assets/(Liabilities) 15,58,9491-
8,97,700l-
24,56,6491-
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49. &
(viii) There are no Small Scale Industries
exceeding Rs.l Lac, which is outstanding
Balance Sheet date, computed on unit
has been determined to the extent such
basis of information available with the
upon this information.
'i,
(ixf Earning per Share:
Basic earning per share is calculated by dividing the'net profit for the period
attributable to equity shareholders by the number of equity shares outstanding
during the period
(x) Foreign currency transactlons
Foreign currency transactions are recorded into India rupees using the
exchange rates prevailing on the date of the respective transactions. Exchange
difference arising on foreign currency transactions, between the actual rate of
settlement and the rate on the date of the transactions, is charged or credited
to the Statement of profit and loss.
Monetary assets and liabilities denominated in foreign currencies as at the
balance sheet date are translatgd at the exchange rates prevailing on the
balance sheet date and thg overall net exchange gain or loss on such
conversion, if any, is credited / charged to the Statement of profit and loss.
Non monetaqr assets are recorded at the rates prevailing on the date of the
transactions. Non-monetary foreign currency items are carried at historical
cost.
(xi) Provisions and contingent liabilities
A provision is recognised if, as a result of a past event, the Company has a
present obligation that can be estimated reliably, and it is probable that an
outflow of economic benefits will be required to settle the obligation. Provisions
are recognised at the best estimate of the expenditure required to settle. the
present obligation at the balance sheet date. The provisions are measured on
an undiscounted basis.
Provision in respect of loss contingencies relating to claims, litigation,
assessment, fines, penalties, etc. are recognised when it is probable that a
liability has been incurred and the amount be estimated reliably.
to whom the Company owes a. sum
for more than 30 days at the
wise basis. The above information
parties have been identified on the
Company. The' auditors have relied
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50. A contingent liability exists when there is . a possible but not probable
obligation, or a present obligation that may, but probably will not, require an
outflow of ,"$',rr".", orrt a present obligation whose amount cannot be
estimated reliably. Contingent liabilities do not, warrant provisions, but are
disclosed, unless the possibility of outflow of resources is remote.
C'ilntingent assets are neither recognised nor disclosed in the financial
statements. However, contingent assets are assessed continually and if it is
virtually certain that an inflow of economic benefits will' arise, the asset and
related income are recognised in the period in which the change occurs.
'i
AS PER OUR REPORT OF EVEN DATE ATTACHED
FoT ABBY LIGHTING & SWITCHGEAR LIMITED
HARI ARVIND & ASSOCTATES
CHARTERED ACCOUNTANTS
FRN:128986W
UDIN: 20 1 17403AAAADO7 587
Partner
M.N. 117403
PLACE: MUMBAI
DATED: 02-12-2020
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ANUPAMA BAJAJ
(DIN:01485889)
DIRECTORS
SURESH BAJA
(DIN:01666250)