Adani Logistics 2021 Annual Report.pdf

ADANI LOGISTICS LIMITED
Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[700300] Disclosure of general information about company
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Name of company ADANI LOGISTICS LIMITED
Corporate identity number U63090GJ2005PLC046419
Permanent account number of entity AABCI4157J
Address of registered office of company
Adani Corporate House,
Shantigram, Near Vaishno
Devi Circle, S G Highway,
Khodiyar, Ahmedabad -
382421 Gujarat, India
Type of industry
C o m m e r c i a l a n d
Industrial
Registration date 13/07/2005
Category/sub-category of company
Company Limited By
Shares Non Govt Company
Whether company is listed company No
Date of board meeting when final accounts were approved 03/05/2021
Date of start of reporting period 01/04/2020 01/04/2019
Date of end of reporting period 31/03/2021 31/03/2020
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Lakhs
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other relevant
books and papers in electronic form
Yes
Complete postal address of place of maintenance of computer
servers (storing accounting data)
Plot No B-7, Sec-132,
Noida(UP) - 201301
Name of city of place of maintenance of computer servers (storing
accounting data)
Noida
Name of state/ union territory of place of maintenance of
computer servers (storing accounting data)
Noida(UP)
Pin code of place of maintenance of computer servers (storing
accounting data)
201301
Name of district of place of maintenance of computer servers
(storing accounting data)
Noida
ISO country code of place of maintenance of computer servers
+91
Name of country of place of maintenance of computer servers
India
Phone (with STD/ ISD code) of place of maintenance of computer
servers (storing accounting data)
079-25555650
Disclosure of principal product or services [Table] ..(1)
Types of principal product or services [Axis]
Freight Transport
Services
01/04/2020
to
31/03/2021
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 9965
Description of product or service category
Inland Container
Deports
Turnover of product or service category 65,548.53
Highest turnover contributing product or service (ITC 8 digit) code 99651230
Description of product or service
Railway transport
services of
intermodal
containers
Turnover of highest contributing product or service 65,535.87

2
ADANI LOGISTICS LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[700600] Disclosures - Directors report
Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Principal business activities of company [Axis]
Product/service 1
[Member]
Product/service 2
[Member]
Product/service 3
[Member]
Product/service 4
[Member]
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
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
Storage and
Warehousing
Container Rail
Transportation
Road Transportation
Cargo Handling
Services
Description of main product/service
Storage and
Warehousing
Container Rail
Transportation
Road Transportation
Cargo Handling
Services
NIC code of product/service 5210 4912 4923 5224
Percentage to total turnover of company 4.00% 67.00% 10.00% 19.00%
Details of directors signing board report [Table] ..(1)
Directors signing board report [Axis] 1
01/04/2020
to
31/03/2021
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
V I K R A M
RUPCHAND
JAISINGHANI
Designation of director Chairman
Director identification number of director 00286606
Date of signing board report 03/05/2021

3
01/04/2020
to
31/03/2021
Disclosure in board of directors report explanatory [TextBlock]
Textual information (1)
[See below]
Description of state of companies affair
[See below]
Disclosure relating to amounts if any which is proposed to carry to any
reserves
the directors do not
propose to carry amount
to reserves.
Disclosures relating to amount recommended to be paid as dividend
[See below]
Details regarding energy conservation
[See below]
Details regarding technology absorption
[See below]
Details regarding foreign exchange earnings and outgo
[See below]
Disclosures in director’s responsibility statement
[See below]
Details of material changes and commitment occurred during period
affecting financial position of company
There are no material
changes and commitments
affecting the financial
position of the Company
between the end of the
financial year and the
date of this report.
Particulars of loans guarantee investment under section 186 [TextBlock]
[See below]
Particulars of contracts/arrangements with related parties under section
188(1) [TextBlock]
[See below]
Details of contracts/arrangements/transactions not at arm's length
basis [Abstract]
Whether there are contracts/arrangements/transactions not at arm's
length basis
No
Details of material contracts/arrangements/transactions at arm's
length basis [Abstract]
Whether there are material contracts/arrangements/transactions at
arm's length basis
No
Date of board of directors' meeting in which board's report referred
to under section 134 was approved
03/05/2021
Disclosure of extract of annual return as provided under section 92(3)
[TextBlock]
[See below]
Details of principal business activities contributing 10% or more
of total turnover of company [Abstract]
Particulars of holding, subsidiary and associate companies [Abstract]
Name of company ADANI LOGISTICS LIMITED
Details of shareholding pattern of top 10 shareholders [Abstract]
Disclosure of statement on declaration given by independent directors
under section 149(6) [TextBlock]
[See below]
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters
provided under section 178(3) [TextBlock]
N O T
APPLICABLE
Disclosure of statement on development and implementation of risk
management policy [TextBlock]
[See below]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year
[TextBlock]
[See below]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Disclosure of financial summary or highlights [TextBlock]
[See below]
Disclosure of change in nature of business [TextBlock]
T h e r e a r e
no material changes and
commitments affecting
the financial position
of the Company between the
end of the financial year
and the date of this
report.
Details of directors or key managerial personnels who were
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
year [TextBlock]
[See below]
Details relating to deposits covered under chapter v of companies act
[TextBlock]
[See below]
Details of deposits which are not in compliance with requirements
of chapter v of act [TextBlock]
[See below]

4
Details of significant and material orders passed by
regulators or courts or tribunals impacting going concern
status and company’s operations in future [TextBlock]
[See below]
Details regarding adequacy of internal financial controls with
reference to financial statements [TextBlock]
[See below]
Disclosure of appointment and remuneration of director or
managerial personnel if any, in the financial year [TextBlock]
[See below]
Details of remuneration of director or managerial personnel [Abstract]
Number of meetings of board (A) 9
Details of signatories of board report [Abstract]
Name of director signing board report [Abstract]
Footnotes
(A) Number of Board Meetings:
During the year under review, the Board met nine times on 4th May, 2020, 25th June, 2020, 1st August, 2020, 30th September, 2020,
31st October, 2020, 20th November, 2020, 2th February, 2021, 22nd March, 2021 and 30th March, 2021. The maximum time gap
between any two meetings is not more than 120 days.
The details of attendance of Directors at the Board Meetings held during the year under review are as under:
Name of Directors Meetings Attended
Held
Capt. Sandeep Mehta 9 9
Capt. Unmesh Abhyankar 9 9
Dr. Chitra Bhatnagar1 8 7
Ms. Komal Majmudar2 1 1
1Ceased w.e.f March 30, 2021 2Appointed w.e.f March 30, 2021
In compliance with the Companies Act, 2013 read with rules made thereunder, the option to participate in the Meeting through video
conferencing was made available for Directors.

5
Disclosure in board of directors report explanatory [Text Block]
DIRECTORS' REPORT
Dear Shareholders,
Your Directors are pleased to present the 16th Annual Report along with the audited financial statements of your Company for the financial
year ended on 31st March, 2021.
Financial Highlights:
The audited financial statements of the Company as on 31st March, 2021 are prepared in accordance with the relevant applicable Ind AS and
provisions of the Companies Act, 2013 (“Act”).
The summarized financial highlight is depicted below:
(Rs. in Lakhs)
Particulars 2020-21 2019-20
Revenue from Operations 65,548.53 73,819.67
Other Income 15,261.48 7,383.92
Total Income 80,810.01 81,203.59
Operating Expenses 50,401.34 48,796.75
Employee Benefits Expense 3,150.27 2,428.60
Depreciation and Amortization Expense 6,899.78 5,734.55
Finance Costs 3,676.89 5,837.79
Other expenses 2,958.80 2,708.84
Total Expense 67,087.71 65,506.53
Profit Before Tax 13,722.30 15,697.06
Tax Expense 2,655.91 3,702.98
Profit for the year 11,066.39 11,994.08
Other Comprehensive Income for the year (2,044.67) 6.96
Total Comprehensive Income for the year 9,021.72 12,001.04
There are no material changes and commitments affecting the financial position of the Company between the end of the financial year and
the date of this report.

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Operational Performance:
The Company operates logistics parks at Patli, Kishangarh, Kila-Raipur, Kanech and Malur. The Company also operates CFS / EXIM yards
at Mundra, Hazira and Kattupalli. The Company will be adding more facilities during the coming fiscal. The Company also extends trucking
solutions, first / last mile transport and domestic movements.
The Company now operates:
5 logistics parks,
3 CFS/Exim Yard
15 Depots in AALL with a capacity of 0.925 MMT
61 rakes – 42 Container, 10 GPWIS, 7 Grain, 2 Auto.
The Company has slated to commence operation at Katihar Silo with 50,000 MT capacity another 3 Grain Silo Projects under construction
which will augment the capacity from 0.925 MMT to 1.075 MMT
The Company has planned to add 15 new GPWIS rakes to take total GPWIS rake count to 25 Nos, one logistics park at Nagpur &
warehouses at Patli, Mundra, Nagpur, Taloja in FY22.
The Company is also in the process of increase its warehousing capacity and entered into strategic partnership with Flipkart for establishing
5.34 lac sqft warehouse in Mumbai.
Leveraging our product portfolio combined with expertise of operating rail, warehouse, logistic parks, and silos and taking advantage of the
aligned infrastructure built over past two decades, focused on providing the best solutions to our customers, Adani Logistics is positioning as
the most preferred integrated end to end logistics solution provider across the country.
COVID 19:
The Group’s management has made assessment of likely impact from the COVID-19 pandemic on business and financial risks based on
internal and external sources. The Group has also considered the possible effects of COVID-19 on the carrying amounts of its financial and
non-financial assets and debt covenants using reasonably available information, estimates and judgments and has determined that none of
these balances require a material adjustment to their carrying values. Further, The management does not see any medium to long term risks in
the ability of the group to meet its liabilities as and when they fall due.
Dividend:
With a view to conserve the resources of the Company, the Directors have not recommended any dividend for the financial year under
review. In view of the same, the directors do not propose to carry amount to reserves.
Fixed Deposits:
During the year under review, your Company has not accepted any fixed deposits within the meaning of Section 73 of the Act read with rules
made thereunder.
Particulars of Loans, Guarantee or Investment:
The provisions of Section 186 of the Act with respect to a loan, guarantee or security or investmentis not applicable to the Company as the
Company is engaged in providing infrastructural facilities and is exempted under Section 186 of the Act. The details of investment made
during the year under review are disclosed in the financial statements.
Subsidiaries, Joint Venture and Associate Companies:
Your Company has 36 (direct and indirect) subsidiaries/JVs as on 31st March, 2021. During the year, the following changes have taken place
in subsidiary Companies:
Subsidiary Companies formed/acquired:
Adani Logistics International Pte. Ltd.
Shankheshwar Buildwell Pvt. Ltd.
Sulochana Pedestal Pvt. Ltd.
NRC Ltd.
During the year under review, your Company has divested/sold 5,01,10,000 equity shares of Rs. 10/- each held in Dhamra Infrastructure
Private Limited to The Dhamra Port Company Limited and its nominees at a total consideration of INR 75,16,50,000 (Rupees Seventy Five
Crores Sixteen Lakhs Fifty Thousand only) and accordingly ceased to be Holding Company of Dhamra Infrastructure Private Limited w.e.f
March 22, 2021.
During the year under review, the Company has divested/sold entire Equity Stake of 4,34,42,879 Equity shares of Rs. 10/- each of Snowman
Logistics Limited and accordingly ceased to be Associate Company of Snowman Logistics Limited.
Your Company has entered in to share purchase agreement with Shankheshwar Buildwell Private Limited and acquired upto 100% equity
stake i.e. 10,000 equity shares (“Equity”) having face value of Rs. 10/- each from Adani Properties Private Limited (“Equity Seller”) at a
total consideration of Rs. 81,53,951/- (Rupee Eighty-One Lakh Fifty Three Thousand Nine Hundred Fifty One Only) and 10,00,00,000
compulsorily convertible preference shares (“CCPS”) having face value of Rs. 10/- each from Adani Power Limited (“CCPS Seller”) at a
total consideration of Rs. 815,39,51,458/- (Rupees Eight Hundred Fifteen Crore Thirty Nine Lakh Fifty One Thousand Four Hundred Fifty

7
Eight Only) and accordingly became Holding Company of Shankheshwar Buildwell Private Limited w.e.f March 30, 2020.
Your Company has entered in to share purchase agreement with Sulochna Pedestal Private Limited and acquired upto 100% equity stake i.e.
10,00,000 equity shares (“Equity”) having face value of Rs. 10/- each from Adani Properties Private Limited (“Equity Seller”) at a total
consideration of Rs. 3,53,80,668/- (Rupees Three Crore Fifty-Three Lakh Eighty Thousand Six Hundred Sixty-Eight Only) and 4,00,00,000
compulsorily convertible preference shares (“CCPS”) having face value of Rs. 100/- each from Adani Power Limited (“CCPS Seller”) at a
total consideration of Rs. 14,15,22,67,332/- (Rupees Fourteen Hundred Fifteen Crore Twenty-Two Lakh Sixty-Seven Thousand Three
Hundred Thirty-Two Only) and accordingly became Holding Company of Sulochna Pedestal Private Limited w.e.f March 31, 2021.
Pursuant to the provisions of Section 129, 134 and 136 of the Companies Act, 2013 read with rules made thereunder, the Company has
prepared a separate statement containing the silent features of financial statements of subsidiaries in form AOC-1 forms part of this Annual
Report.
The annual financial statements and related detailed information of the subsidiary companies shall be made available to the shareholders of
the Holding and Subsidiary Companies seeking such information on all working days during business hours. The financial statements of the
subsidiary companies shall also be kept for inspection by any shareholder/s during working hours at the Company’s registered office and that
of the respective subsidiary companies concerned.
Directors and Key Managerial Personnel:
Capt. Sandeep Mehta was re-appointed as Managing Director w.e.f 20.03.2021 for a period of three years and resigned as Managing Director
w.e.f May 3, 2021.
Dr. Chitra Bhatnagar ceased to be Independent Director w.e.f March 30, 2021 upon completion of her second term as Independent Director.
Mr. Vikram Jaisinghani was appointed as Managing Director of the Company w.e.f May 5, 2021 and Ms. Komal Majmudar was appointed as
Independent Director w.e.f March 23, 2021 for a period of five years.
Pursuant to the requirements of the Companies Act, 2013 and Articles of Association of the Company, Capt. Unmesh Abhayankar (DIN:
03040812) is liable to retire by rotation and being eligible offer himself for re-appointment. The Board recommends his appointment as
Director of the Company retiring by rotation.
The Company has received declaration from Ms. Komal Majmudar, Independent Director of the Company confirming that she meets the
criteria of independence as provided in Section 149(6) of the Companies Act, 2013 and there has been no change in the circumstances which
may affect her status as independent director during the year.
In terms of the provisions of Section 203 of the Act, Mr. Vikram Jaisinghani, Managing Director, Mr. Piyush Gandhi, Chief Financial Officer
and Mr. Yogesh Dalal, Company Secretary are the Key Managerial Personnel of the Company.
Directors’ Responsibility Statement:
Pursuant to Section 134(5) of the Act, the Board of Directors, to the best of their knowledge and ability, state the following:
that in the preparation of the annual financial statements, the applicable accounting standards have been followed and there are no material
departures;;
that such accounting policies have been selected and applied consistently and judgements and estimates have been made 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, 2021 and of the profit of the Company for
the year ended on that date;
that proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the
Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
that the annual financial statements have been prepared on a going concern basis;
that proper internal financial controls were in place and that the financial control are adequate and operating effectively;
that proper systems to ensure compliance with the provisions of all applicable laws were in place and were adequate and operating
effectively.
Number of Board Meetings:
During the year under review, the Board met nine times on 4th May, 2020, 25th June, 2020, 1st August, 2020, 30th September, 2020, 31st
October, 2020, 20th November, 2020, 2th February, 2021, 22nd March, 2021 and 30th March, 2021. The maximum time gap between any
two meetings is not more than 120 days.

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The details of attendance of Directors at the Board Meetings held during the year under review are as under:
Name of Directors Meetings Attended
Held
Dr. Chitra Bhatnagar1 8 7
1Ceased w.e.f March 30, 2021 2Appointed w.e.f March 30, 2021
In compliance with the Companies Act, 2013 read with rules made thereunder, the option to participate in the Meeting through video
conferencing was made available for Directors.
Board Evaluation:
The Board adopted a formal mechanism for evaluating its performance and as well as that of its Committees and individual Directors,
including the Chairman of the Board. The exercise was carried out through a structured evaluation process covering various aspects of the
Boards functioning such as composition of the Board & Committees, experience & competencies, performance of specific duties &
obligations, contribution at the meetings and otherwise, independent judgment, governance issues etc.
Internal financial control systems and their adequacy:
Your Company has an internal control system, commensurate with the size, scale and complexity of its operations. The internal audit
department monitors and evaluates the efficacy and adequacy of internal control system in the Company, its compliance with operating
systems, accounting procedures and policies of the Company.
Secretarial Standards:
The Company complies with all applicable Secretarial Standards.
Risk Management:
Your Company has a formal risk assessment and management system which identifies risk areas, evaluates their consequences, initiates risk
mitigation strategies and implements corrective actions where required.
Corporate Social Responsibility (CSR) Committee:
The present members of the CSR Committee are Mr. Vikram Jaisinghani, Capt. Unmesh Abhyankar and Ms. Komal Majmudar.
The Company has identified Education, Community Health, Sustainable Livelihood and Community Infrastructure as the core sectors for
CSR. The role and functions of the CSR Committee are in conformity with the requirements of Section 135 of the Act read with rules made
thereunder. The Annual Report on CSR activities is annexed, which forms part of this report.
During the year under review, the Committee met two times on 4th May, 2020 and 1st August, 2020.
The details of attendance of the members at the Committee meeting during the year are as under:
Name of Members Meetings
Held Attended

9
Dr. Chitra Bhatnagar 2 2
1Appointed w.e.f March 30, 2021.
Vigil Mechanism/Whistle Blower Policy:
The Company has formulated a Whistle Blower Policy to establish a vigil mechanism for its directors and employees to report the concerns
about unethical behaviour, actual or suspected fraud or violation of the policy.
Prevention of Sexual Harassment at Workplace:
As per the requirement, the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act 2013, read with rules
made thereunder an Internal Complaints Committee is responsible for redressal of complaints related to sexual harassment. During the year
under review there was no complaints pertaining to sexual harassment.
Extract of Annual Return:
The details forming part of the extract of the Annual Return in Form MGT-9 is annexed, which forms part of this Report.
Related Party Transactions:
All the related party transactions entered into during the financial year were on an arm’s length basis and were in the ordinary course of
business. Your Company had not entered into any transactions with related parties which could be considered material in terms of Section
188 of the Act. Accordingly, the disclosure of related party transactions as required under Section 134(3)(h) of the Act in Form AOC-2 is not
applicable. Suitable disclosure as required by the Indian Accounting Standard (Ind AS 24) has been made in the notes to the Financial
Statements.
Significant and material orders passed by the regulators or courts or tribunals impacting the going concern status of the Company:
There are no significant and material orders passed by the Regulators or Courts or Tribunals which would impact the going concern status
and the Company’s future operations.
Insurance:
The Company has taken appropriate insurance for all assets against foreseeable perils.
Auditors & Auditors’ Report:
Pursuant to the provisions of Section 139 of the Act read with rules made thereunder, as amended from time to time, M/s. Deloitte Haskins &
Sells LLP, Chartered Accountants (Firm Registration No. 117366W/W-100018), were appointed as Statutory Auditors of the Company to
hold office till the conclusion of the Annual General Meeting (AGM) of the Company to be held in the calendar year 2022. They have
confirmed that they are not disqualified from continuing as Statutory Auditors of the Company for financial year 2021-22.
Notes to the financial statements referred in the Auditors Report are self-explanatory and therefore do not call for any comments under
Section 134 of the Companies Act, 2013.
Secretarial Audit Report:
Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with rules made thereunder, the Company had appointed M/s. P.
Parikh & Associates, Practicing Company Secretary to undertake the Secretarial Audit of the Company. The Secretarial Audit Report for
financial year 2020-21 is annexed, which forms part of this report. There are no qualifications, reservation or adverse remarks given by
Secretarial Auditors of the Company.
Cost Audit Report:
Pursuant to the provisions of Section 148 read with rules made thereunder, The Company had appointed M/s. K. V. Melwani & Associates,
Cost Accountants (Firm Reg. No. 100497) as Cost Auditor to conduct audit of the Cost Records of the Company for the financial year
2021-22.
The Company has maintained the cost accounts and records in accordance with Section 148 of the Companies Act, 2018 and Rule 8 of the
Companies (Accounts) Rules, 2014.

10
Particulars of Employees:
The particulars of employees as stipulated under Section 197 of the Companies Act, 2013 read with rule 5(2) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, as amended from time to time is annexed, which forms part of this report.
Conservation of Energy, Technology Absorption, Foreign Exchange Earning and Outgo:
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 8 of The Companies (Accounts) Rules, 2014, as amended from time to time is annexed, which
forms part of this Report.
Acknowledgement:
Your Directors are highly grateful for all the guidance, support and assistance received from the Central & State Government authorities,
Financial Institutions and Banks. Your Directors thank all members, esteemed customers, suppliers and business associates for their faith,
trust and confidence reposed in the Company.
Your Directors wish to place on record their sincere appreciation for the dedicated efforts and consistent contribution made by the employees
at all levels, to ensure that the Company continues to grow and excel.
For and on behalf of the Board of Directors
Place: Ahmedabad Vikram Jaisinghani
Date: May 3, 2021 (Chairman)
DIN: 00286606
ANNEXURE TO DIRECTOR’S REPORT
FORM NO. MGT-9
EXTRACT OF ANNUAL RETURN
as on the Financial Year ended on 31st March, 2021
[Pursuant to Section 92(3) of the Companies Act, 2013, and Rule 12(1) of the
Companies (Management and Administration) Rules, 2014]

11
Registration and other details:
CIN : U63090GJ2005PLC046419
Registration Date : July 13, 2005
Name of the Company : Adani Logistics Ltd.
Category / Sub-Category of the Company : Company limited by share
Address of the Registered office and contact
details
:
Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S. G.
Highway, Khodiyar, Ahmedabad – 382421 Gujarat, India
Whether listed company : No
Name, Address and Contact details of
Registrar and Transfer Agent, if any
:
Link In time India Private Limited
C-101, 247 Park, L.B.S. Marg, Vikhroli (West)Mumbai, Maharashtra-400083
Principal business activities of the company:
All the business activities contributing 10 % or more of the total turnover of the company shall be stated:
Name and description of main Products/Services NIC Code of the Product/ service % to total turnover of the company
Container Rail Transportation 4912 67%
Road Transportation 4923 10%
Cargo Handling Services 5224 19%
Storage and Warehousing 5210 4%
Total 100%
Particulars of holding, subsidiary and associate companies:
SN Name and address of the Company CIN/GLN
Holding/
Subsidiary/
Associate
% of
shares
held
Sec-tion
1
Adani Ports and Special Economic Zone Ltd.
Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle,
S. G. Highway, Khodiyar, Ahmedabad – 382421 Gujarat, India
L63090GJ1998PLC034182 Holding 100 2(46)
2
Blue Star Realtors Pvt. Ltd.
605, 6th Floor, Hallmark Business Plaza, Opp. Guru Nanak
Hospital, Bandra (East) Mumbai -400051.
U45200MH1990PTC055968 Subsidiary 100 2(87)

12
3
Adani NYK Auto Logistics Solutions Pvt. Ltd.
U60221GJ2018PTC104101 Subsidiary 51 2(87)
4
Dermot Infracon Pvt. Ltd.
5
Adani Agri Logistics Ltd.
U63090GJ2005PLC045356 Subsidiary 100 2(87)
6
Adani Agri Logistics (Samastipur) Ltd.
7
Adani Agri Logistics (Darbhanga) Ltd.
8
Adani Agri Logistics (Dahod) Ltd.
9
Adani Agri Logistics (MP) Ltd.
U74120GJ2014PLC079278
Step down
Subsidiary
100 2(87)
10
Adani Agri Logistics (Dewas) Ltd.
U63090GJ2014PLC079629
Step down
Subsidiary
100 2(87)
11
Adani Agri Logistics (Harda) Ltd.
U63023GJ2014PLC079601
Step down
Subsidiary
100 2(87)
12
Adani Agri Logistics (Hoshangabad) Ltd.
U63000GJ2014PLC079611
Step down
Subsidiary
100 2(87)
13
Adani Agri Logistics (Satna) Ltd.
U63000GJ2014PLC079612
Step down
Subsidiary
100 2(87)
14
Adani Agri Logistics (Ujjain) Ltd.
U63000GJ2014PLC079619
Step down
Subsidiary
100 2(87)
15
Adani Agri Logistics (Panipat) Ltd.
U63030GJ2017PLC095073
Step down
Subsidiary
100 2(87)
16
Adani Agri Logistics (Kannauj) Ltd.
U63030GJ2017PLC095059
Step down
Subsidiary
100 2(87)

13
17
Adani Agri Logistics (Katihar) Ltd.
U63090GJ2016PLC086566
Step down
Subsidiary
100 2(87)
18
Adani Agri Logistics (Kotkapura) Ltd.
U63090GJ2016PLC086571
Step down
Subsidiary
100 2(87)
19
Adani Agri Logistics (Mansa) Ltd.
U63030GJ2017PLC095203
Step down
Subsidiary
100 2(87)
20
Adani Agri Logistics (Bathinda) Ltd.
U63030GJ2017PLC095224
Step down
Subsidiary
100 2(87)
21
Adani Agri Logistics (Moga) Ltd.
U63030GJ2017PLC095190
Step down
Subsidiary
100 2(87)
22
Adani Agri Logistics (Barnala) Ltd.
U63090GJ2017PLC095187
Step down
Subsidiary
100 2(87)
23
Adani Agri Logistics (Nakodar) Ltd.
U63030GJ2017PLC095202
Step down
Subsidiary
100 2(87)
24
Adani Agri Logistics (Raman) Ltd.
U63030GJ2017PLC095188
Step down
Subsidiary
100 2(87)
25
Adani Agri Logistics (Dhamora) Ltd.
U74999GJ2018PLC103574
Step down
Subsidiary
100 2(87)
26
Adani Agri Logistics (Borivali) Ltd.
U63030GJ2018PLC103573
Step down
Subsidiary
100 2(87)
27
Adani Logistics Services Pvt. Ltd.
Adani House, 56 Shrimali Society, Nr. Mithakhali Six Roads,
Navrangpura, Ahmedabad-380009
U60210DL2006PTC182784 Subsidiary 98.29 2(87)
28
Adani Forwarding Agent Pvt. Ltd.
U74999DL2010PTC208219
Step down
Subsidiary
98.29 2(87)
29
Adani Cargo Logistics Pvt. Ltd.
U60300GJ2013PTC113349
Step down
Subsidiary
98.29 2(87)
30
Adani Logistics Infrastructure Pvt. Ltd.
U70102GJ2015PTC113459
Step down
Subsidiary
98.29 2(87)

14
31
Adani Noble Pvt. Ltd.
U45201DL2007PTC202302
Step down
Subsidiary
98.29 2(87)
32
33
A/202,Parshav Apartment Opp Madhuvan Avenue, Nr Vasna
Bus Stand, Vasna Ahmedabad 380007
34
NRC Ltd.
67, Ground Floor, 75, Surajmal Building Nakhoda Street,
Pydhonie, Mandvi, Mumbai MH 400003
L17120MH1946PLC005227 Subsidiary 100 2(87)
35
Adani Total Private Limited
U11201GJ2016PTC091695
Joint
Venture
50 2(6)
36
Adani Logistics International Pte Ltd
80 Raffles Place, #33-20, Uob Plaza, Singapore 048624
Foreign Company Subsidiary 100 2(87)
IV.
Share holding
pattern (equity
share capital
breakup as
percentage of
total equity as
on 31st March,
2021).
i)
Category-wise
Share Holding
No of Shares
held at the
beginning of
the year
No. of Shares
held at the end
of the year
Category of
Shareholders
Demat Physical Total
% of
total
Shares
% of
total
Shares
%
Change
during
the
year
A. Promoter
1 Indian
a) Individuals/HUF -- -- -- -- -- -- -- -- --
b)
Central
government
-- -- -- -- -- -- -- -- --

15
c) State
Government(s)
-- -- -- -- -- -- -- -- --
d)
Bodies
Corporate * 655,000,000.00
--
655,000,000.00
100%
655,000,000.00
--
655,000,000.00
100% Nil
e) Banks / FI -- -- -- -- -- -- -- -- --
f) Any Others -- -- -- -- -- -- -- -- --
Sub Total(A)(1) 655000000 --
655,000,000.00
100%
655,000,000.00
--
655,000,000.00
100% Nil
2 Foreign
a) NRIs-Individuals -- -- -- -- -- -- -- -- --
b) Other-Individuals -- -- -- -- -- -- -- -- --
c)
Bodies
Corporate
-- -- -- -- -- -- -- -- --
d) Banks/FI -- -- -- -- -- -- -- -- --
e) Any Other -- -- -- -- -- -- -- -- --
Sub Total(A)(2) -- -- -- -- -- -- -- -- --
Total
Shareholding of
Promoter and
Promoter Group
(A)=
(A)(1)+(A)(2)
655000000 --
655,000,000.00
100%
655,000,000.00
--
655,000,000.00
100% Nil
B.
Public
shareholding
1 Institutions
a)
Mutual Funds/
UTI
-- -- -- -- -- -- -- -- --
b) Banks/FI -- -- -- -- -- -- -- -- --
c) Central Govt. -- -- -- -- -- -- -- -- --
d) State Govt. -- -- -- -- -- -- -- -- --
Venture Capital

16
e) Funds -- -- -- -- -- -- -- -- --
f)
Insurance
Companies
-- -- -- -- -- -- -- -- --
g) FII -- -- -- -- -- -- -- -- --
h)
Foreign Venture
Capital Funds
-- -- -- -- -- -- -- -- --
i) Any Other -- -- -- -- -- -- -- -- --
Sub-Total (B)(1)
2 Non-institutions
a)
Bodies
Corporate
-- -- -- -- -- -- -- -- --
I Indian -- -- -- -- -- -- -- -- --
Ii Overseas -- -- -- -- -- -- -- -- --
b) Individuals -- -- -- -- -- -- -- -- --
I
Individuals
shareholders
holding nominal
share capital up
to ? 1 lakh
-- -- -- -- -- -- -- -- --
Ii
Individual
shareholders
holding nominal
share capital in
excess of ? 1
lakh.
-- -- -- -- -- -- -- -- --
c) Other (specify) -- -- -- -- -- -- -- -- --
Sub-Total (B)(2) -- -- -- -- -- -- -- --
Total Public
Shareholding
(B)=
(B)(1)+(B)(2)
-- -- -- -- -- -- -- -- --
C.
Shares held by
Custodians for
GDRs & ADRs
-- -- -- -- -- -- -- -- --

17
GRAND TOTAL
(A)+(B)+(C)
655000000 --
655,000,000.00
100%
655,000,000.00
--
655,000,000.00
100% Nil
* Shares held by APSEZL including six nominees
ii) Shareholding of Promoter
Sr No
Shareholder’s
Name
Shareholding at the
beginning of the year
Shareholding at
the end of the year
% Change in
shareholding during
the year
No. of
Shares
% of total shares
of the company
% shares pledged/
encumbered to total
shares
No. of Shares
% of total shares of the
company
% shares pledged /
encumbered to total
shares
1 Adani Ports And Special Economic Zone Ltd* 65,50,00,000 100% - 65,50,00,000 100% - Nil
iii) Change in Promoters’ Shareholding
Shareholder's
Name
Shareholding at the beginning of the
year
Cumulative Shareholding during the
year
No. of Shares % of total shares of the Company No. of Shares
Company
At the beginning of the year No change
during the year
Date wise Increase / Decrease in Promoters Shareholding during the year specifying the reasons for
increase/ decrease (e.g. allotment / transfer/ bonus/ sweat equity etc):
At the end of the year
iv)Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):
For each of the Top 10
Shareholder
Shareholding at the beginning of
the year
Shareholding at the end of
the year
Company
At the beginning of the year
Nil

18
Date wise Increase / Decrease in Promoters Shareholding during the year specifying the reasons for increase / decrease
(e.g. allotment / transfer / bonus/ sweat equity etc):
v) Shareholding of Directors and Key Managerial Personnel
For each of the Directors and
KMP
the year
the year
Company
Nil
Indebtedness:
Indebtedness of the Company including interest outstanding/accrued but not due for payment:
(Rs. In Lakhs)
Secured Loans
excluding deposits
Unsecured
Loans
Deposits
Total
Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount - 36,032.36 - 36,032.36
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - 4,078.54 - 4,078.54
Total (i+ii+iii) - 40,110.90 - 40,110.90
Change in Indebtedness during the financial year
Addition - 22,175.98 - 22,175.98
Reduction - 62,286.88 - 62,286.88

19
Exchange Differences - - - -
Net Change - (40,110.90) - (40,110.90)
Indebtedness at the
i) Principal Amount - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) - - - -
Remuneration of directors and key managerial personnel:
Remuneration to Managing Director, Whole-time Directors and/or Manager:
Sr No Particulars of Remuneration
Managing
Director*
Total
1 Gross salary
Salary as per provisions contained in section 17(1) of the
Income-tax Act, 1961
- -
Value of perquisites u/s 17(2) Income-tax Act, 1961 - -
Profits in lieu of salary under section 17(3) Income-tax Act, 1961 - -
2 Stock Option - -
3 Sweat Equity - -
4 Commission
as % of profit - -
others, specify - -
5
Others, (P.F. contribution of
employee)
- -
Total (A) - -
Ceiling as per the Act - -

20
*Not drawing any remuneration from the Company.
B. Remuneration to other Directors: (Rs. in Lakhs)
Sr No Particulars of Remuneration Dr. Chitra Bhatnagar Total Amount
1 Independent Directors
a) Fee for attending board, committee meetings 1.2 1.2
b) Commission - -
c) Others, please specify - -
Total (1) 1.2 1.2
2 Other Non-Executive Directors
a) Fee for attending board committee meetings - -
b) Commission - -
Total (2) - -
Total (B)= (1+2) 1.2 1.2
C. Remuneration to key managerial personnel other than MD/manager/WTD (Rs. in Lakhs)
Sr
No
Particulars of Remuneration Mr. Piyush Gandhi Mr. Yogesh Dalal
Total
Amount
(Chief Financial
Officer)
(Company
Secretary)1
1 Gross salary
a.
20.62 - 20.62
b. Value of perquisites u/s 17(2) Income-tax Act, 1961 1.85 - 1.85

21
c. Profits in lieu of salary under section 17(3) Income-tax Act, 1961 - -
2 Stock Option - -
3 Sweat Equity - -
4 Commission - -
as % of profit - -
others, specify - -
5 Others, (P.F. contribution of employee) 1.86 - 1.86
Total (A) 24.33 - 24.33
1Mr. Yogesh Dalal is not drawing any Remuneration from the Company.
PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:
Type
Section of the
Companies Act
Brief
Description
Details of penalty/ punishment/
compounding fees imposed
Authority
[RD / NCLT/
COURT]
Appeal made, if any
(give details)
Company
Penalty
None
Punishment
Compounding
Directors
Penalty
None
Punishment
Compounding
Other Officers in default

22
Penalty
None
Punishment
Compounding
ANNEXURE TO DIRECTORS’ REPORT
Form No. MR-3
SECRETARIAL AUDIT REPORT
FOR THE FINANCIAL YEAR ENDED 31.03.2021
[Pursuant to section 204(1) of the Companies Act, 2013 and ruleNo.9 of
the Companies (Appointment and Remuneration of Managerial Personnel Rules, 2014]
To,
The Members,
CIN : U63090GJ2005PLC046419
AHMEDABAD.
We have conducted the secretarial audit of the compliance of applicable statutory provisions and the adherence to good corporate practices
by ADANI LOGISTICS LIMITED, (CIN No :U63090GJ2005PLC046419) (hereinafter called the company). Secretarial Audit was
conducted in a manner that provided us a reasonable basis for evaluating the corporate conducts/statutory compliances and expressing our
opinion thereon.
Based on our verification of books, papers, minute books, forms and returns filed and other records maintained by the Company and also the
information provided by the Company, its officers, agents and authorized representatives during the conduct of secretarial audit, we hereby
report that in our opinion, the Company has, during the audit period covering the financial year ended on 31st March, 2021, complied with
the statutory provisions listed hereunder and also that the Company has proper Board-processes and compliance-mechanism in place to the
extent, in the manner and subject to the reporting made hereinafter:
We have examined the books, papers, minute books, forms and returns filed and other records maintained by the Company for the financial
year ended on 31st March, 2021 according to the provisions of:
The Companies Act, 2013 (the Act) and the rules made thereunder;
The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the rules made thereunder:
The Depositories Act, 1996 and the Regulations and Bye-laws framed thereunder;
Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder to the extent of Foreign Direct Investment,
Overseas Direct Investment and External Commercial Borrowings;
The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992 (‘SEBI Act’);
The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;
The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015: Not applicable as the company is an unlisted
Company;
The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (upto November 10, 2018)
and Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (w.e.f. November 11, 2018):
Not applicable as the company is an unlisted Company;
Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014: Not applicable as the company is an unlisted
Company;
The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008: Not applicable as the company is an
unlisted Company;
The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding the Companies

23
Act and dealing with client: Not applicable as the company is an unlisted Company;
The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009: Not applicable as the company is an unlisted
Company;
The Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 (up to September 10, 2018) and The Securities and
Exchange Board of India (Buyback of Securities) Regulations 2018 (w.e.f. September 11, 2018) : Not applicable as the company is an
unlisted Company; and
The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015: Not applicable as the
company is an unlisted Company.
Laws specifically applicable to the industry to which the company belongs, as identified by the management, that is to say: -
The Indian Railway Act, 1989
The Punjab Shops and Establishment Act, 1958
The Contract Labour Regulation and Abolition Act, 1970
The Food Safety and Standards Act, 2006
The Customs Act,1962
The Central Excise Act, 1944
We have also examined compliance with the applicable clauses of the following:
Secretarial Standards issued by The Institute of Company Secretaries of India;
The Listing Agreement / SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 entered into by the Company with Stock
Exchanges: Not applicable as the company is an unlisted Company.
During the period under review the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc.
mentioned above.
We further report that the Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive
Directors and Independent Directors.
Adequate notices were given to all directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent at least seven
days in advance, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting
and for meaningful participation at the meeting.
All decisions at Board Meetings were carried out unanimously. As per records available in the said minutes there were no dissenting views
expressed by any directors during the meetings.
We further report that, there are adequate systems and processes in the company commensurate with the size and operations of the company
to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.
We further report that,
During the year under review, the Company has divested/ sold entire Equity Stake of 5,01,10,000 Equity shares of Rs. 10/- each of M/s.
Dhamra Infrastructure Pvt Ltd.
During the year under review, the Company has divested/ sold entire Equity Stake of 4,34,42,879 Equity shares of Rs. 10/- each of M/s.
Snowman Logistics Limited.
During the year under review, the Company has acquired upto 100% equity stake i.e. 10,000 equity shares (“Equity”) having face value of
Rs. 10/- each from Adani Properties Private Limited (“Equity Seller”) at a total consideration of Rs. 81,53,951/- (Rupee Eighty-One Lakh
Fifty Three Thousand Nine Hundred Fifty One Only) and 10,00,00,000 compulsorily convertible preference shares (“CCPS”) having face
value of Rs. 10/- each from Adani Power Limited (“CCPS Seller”) at a total consideration of Rs. 815,39,51,458/- (Rupees Eight Hundred
Fifteen Crore Thirty Nine Lakh Fifty One Thousand Four Hundred Fifty Eight Only) of Shankheshwar Buildwell Private Limited w.e.f
March 30, 2020.
During the year under review, the Company has acquired upto 100% equity stake i.e. 10,00,000 equity shares (“Equity”) having face value of
Rs. 10/- each from Adani Properties Private Limited (“Equity Seller”) at a total consideration of Rs. 3,53,80,668/- (Rupees Three Crore
Fifty-Three Lakh Eighty Thousand Six Hundred Sixty-Eight Only) and 4,00,00,000 compulsorily convertible preference shares (“CCPS”)
having face value of Rs. 100/- each from Adani Power Limited (“CCPS Seller”) at a total consideration of Rs. 14,15,22,67,332/- (Rupees
Fourteen Hundred FifteenCrore Twenty-Two Lakh Sixty-Seven Thousand Three Hundred Thirty-Two Only) of Sulochna Pedestal Private
Limited w.e.f March 31, 2021.
Date: May 3, 2021
Place: Ahmedabad
For, P.PARIKH & ASSOCIATES
Proprietor
Parthiv Parikh
FCS No. 2692
C P No.: 19200
UDIN: F002692C000183488
This report is to be read with our letter of even date which is annexed as Annexure A and forms an integral part of this report.
Annexure A
To,
The Members,

24
CIN :U63090GJ2005PLC046419
AHMEDABAD
Our Secretarial Audit Report of even date is to be read along with this letter.
Management’s Responsibility
It is the responsibility of the management of the Company to maintain secretarial records, devise proper systems to ensure compliance with
the provisions of all applicable laws and regulations and to ensure that the systems are adequate and operate effectively.
Auditor’s Responsibility
Our responsibility is to express an opinion on these secretarial records, standards and procedures followed by the Company with respect to
secretarial compliances.
We believe that audit evidence and information obtain from the Company’s management is adequate and appropriate for us to provide a basis
for our opinion.
Wherever required, we have obtained the management representation about the compliance of laws, rules and regulations and happening of
events etc.
Disclaimer

25
The Secretarial Audit Report is neither an assurance as to the future viability of the company nor of the efficacy or effectiveness with which
the management has conducted the affairs of the Company.
Date: May 3, 2021
Place: Ahmedabad
For, P.PARIKH & ASSOCIATES
Parthiv Parikh Proprietor
FCS No. 2692
C P No.: 19200
UDIN: F002692C000183488
ANNEXURE TO DIRECTORS’ REPORT
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
Information as required under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014
are set out as under:
Conservation of Energy:
Steps taken or impact on conservation of energy:
Apart from driving the mindset of Continuous Improvement to reduce wastage overall, the Company has not taken any specific project
related to energy conservation project during the year under review.
Steps taken by the company for utilizing alternate sources of energy:
Installation of 480 KWp solar plant has been completed with investment of Rs. 2.40 crore
Capital investment on energy conservation equipment:
PO has been awarded for replacing existing HPSV lights on HM tower with energy efficient LED lights. The total investment for the same is
Rs. 26.35 Lakh.
3 Nos of High Mast lighting tower has been installed with energy efficient LED lights. The total project cost is Rs.41.77 Lakh out of which
Rs.18.70 lakh is for LED lights.
Technology Absorption:
Efforts made towards technology absorption:
The Company has put together a comprehensive document “Technology Roadmap”, a core reference document, in the journey towards
‘Simplifying Logistics driven by Technology’ focusing on
Customer Excellence
Operations Excellence &
Financial Governance
Benefits derived like product improvement, cost reduction, product development or import substitution: Nil
In case of imported technology (imported during the last three years reckoned from the beginning of the financial year) : Nil
Expenditure incurred on Research and Development: Nil
Foreign Exchange Earnings and Outgo:
The particulars relating to foreign exchange earnings and outgo during the year under review are as under:
(Rs. in Lakhs)
Foreign exchange earned 197.56 123.30
Foreign exchange outgo 169.24 35.74

26
ANNEXURE TO DIRECTOR’S REPORT
Statement pursuant to Section 197(12) of the Companies Act, 2013 read with Rule 5(2) of the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014 forming part of the Directors’ Report for the year ended 31st March 2021.
A. Top ten employees in terms of remuneration as on 31st March, 2021. (Amt in Lakhs)
Name
Age
(yrs)
Designation
Gross
Remuneration
Qualification
Exp
(yrs)
Date of
joining
Previous Employment
Vikram
Jaisinghani
59 CEO 251.64
B. Tech,
MBA
21 06.09.2019 Alliance Tires Ltd
Anil Kishore
Singh
60 CEO-Inland Waterways 140.14
Master in
Marine
36 24.12.2018 ABC & Sons Ltd
Houssam
Haddad
43 Head-Operations 126.52
B. Sc,
PGDBM
22 03.02.2014
Lattakia International
Container Terminal
Amit Malik 45 VP-(Solution Sales)-Sales 124.00 B.Sc., MBA 23 02.04.2018
A P Moller Maersk
Damco
Siddhartha Dey 52 Head-Projects-Logistics 85.00 B. Tech 41 06.12.2018
B P Construction &
Company
Jithendra
Nimmagadda
40 VP-Sales & Marketing 73.44
B. Tech,
PGDBM
13 01.10.2020
Rohit Vyas 37 Head - PMO & Strategy 59.52 BE, PGPM 14 20.04.2020 L&T Ltd
Satendra Kumar
Pathak
35 GM-Warehousing 53.60
B. Tech,
PGDBM
13 18.02.2019
Directship Fulfillment
Services
Private Limited
N Chandrakanth 46 AGM-Sales 46.15 B. Sc., MBA 21 09.06.2008
Continental
Warehousing Corp Ltd
Jitendra Anant
Barve
55
Head – Execution and
Railway Engineering
43.32 B. Tech 30 01.03.2019 City Corporation Ltd
B. Personnel who are in receipt of remuneration aggregating not less than Rs. 1,02,00,000 per annum and employed throughout the financial
year:
(Amount in Lakhs)
Sr
No
Name
Age
(yrs)
Designation
Gross
Remuneration
Qualification
Exp
(yrs)
Date of
joining
Previous Employment
1
Vikram
Jaisinghani
59 CEO 251.64
B. Tech,
MBA
21 06.09.2019 Alliance Tires Ltd
Anil Kishore CEO-Inland Master in

27
2 Singh 60 Waterways 140.14 Marine 36 24.12.2018 ABC & Sons Ltd
3
Houssam
Haddad
43 Head-Operations 126.52
B. Sc,
PGDBM
22 03.02.2014
Lattakia International
Container Terminal
4 Amit Malik 45
VP-(Solution
Sales)-Sales
124.00 B.Sc., MBA 23 02.04.2018 A P Moller Maersk Damco
C. Personnel who are in receipt of remuneration aggregating not less than Rs. 8,50,000 per month and employed for part of the financial year:
(Amount in Lakhs)
Sr. No. Name
Age
(yrs)
Designation Gross Remuneration Qualification
Exp
(yrs)
Date of joining Previous Employment
Note:
Remuneration as above includes Salary, Contribution to Provident and other funds and other perquisites.
The nature of employment is full time in all the above cases.
None of the employees is related to each other.
No individual employee is holding equivalent to or more than 2% of the outstanding shares of the Company as on 31st March, 2021.
For Adani Logistics Limited
Vikram Jaisinghani
Chairman
DIN: 00286606
ANNUAL REPORT ON CSR ACTIVITES TO BE INCLUDED IN THE BOARD’S REPORT FOR FINANCIAL YEAR 2020-21.
1. Brief outline on CSR Policy of the Company.
The Company has framed Corporate Social Responsibility (CSR) Policy which encompasses its philosophy and guides its sustained efforts
for undertaking and supporting socially useful programs for the welfare & sustainable development of the society.
The Company carried out/get implemented its CSR activities/projects through Adani Foundation. The Company has identified Education,
Community Health, Sustainable Livelihood and Community Infrastructure as the core sectors for CSR activities.
2.Composition of CSR Committee:
Sr.
No.
Name of
Director
Designation / Nature
of Directorship
Number of meetings of CSR
Committee held during the year
Number of meetings of CSR Committee
attended during the year
1
Capt. Sandeep
Mehta1
Chairman 2 2
2
Mr. Vikram
Jaisinghani2
Chairman - -
3
Capt. Unmesh
Abhayankar
Member 2 2
4
Dr. Chitra
Bhatnagar3
Member 2 2

28
5
Mrs. Komal
Majmudar2
Member - -
1Ceased w.e.f 03.05.2021 2Inducted as member w.e.f 03.05.2021
3Ceased w.e.f 30.03.2021
3.
Provide the web-link where Composition of CSR Committee, CSR Policy and CSR projects approved by the Board are
disclosed on the website of the Company.
:
NA
4.
Provide the details of Impact assessment of CSR projects carried out in Pursuance of Sub-rule (3) of rule 8 of the
Companies (Corporate Social Responsibility Policy) Rules, 2014, if applicable (attach the report).
:
NA
5.
Details of the amount available for set off in pursuance of sub-rule (3) of rule 7 of the Companies (Corporate Social
Responsibility Policy) Rules, 2014 and amount required for set off for the Financial year, if any.
:
NA
Sr.
No.
Financial
Year
Amount available for set-off from preceding Financial
years (in Rs.)
Amount required to be set off for the Financial year,
if any (in Rs.)
- - -
Total
6. Average net profit of the Company as per Section 135(5). : Rs. 75.63 Crore
7. (a) Two percent of average net profit of the Company as per Section 135(5). : Rs. 1.52 Crore
(b) Surplus arising out of the CSR projects or programmes or activities of the previous Financial years. : -
(c) Amount required to be set off for the Financial Year, if any. : -
(d) Total CSR obligation for the Financial year (7a+7b-7c). : Rs. 1.52 Crore
8. (a) CSR amount spent or unspent for the Financial year:
Total Amount Spent for the Financial
Year (in Rs.)
Amount Unspent (in Rs.)
Total Amount transferred to Unspent
CSR Account as per Section 135(6)
Amount transferred to any fund specified under
Schedule VII as per second proviso to Section 135(5).
Amount Date of transfer
Name of
the Fund
Amount
Date of
Transfer
Rs. 1.52 Crore - - - - -

29
(b) Details of CSR amount spent against ongoing projects for the Financial Year:
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
Sr.
No.
Name
of the
Project
Item from
the list of
activities
in
Schedule
VII to the
Act.
Local
area
(Yes
/No)
Location
of
the
Project
Project
duration
Amount
allocated
for the
project
(in Rs.)
Amount
spent in
the
current
financial
year (Rs
in lakhs)
Amount
transferred
to Unspent
CSR
Account for
the project
as per
Section
135(6) (in
Rs.)
Mode of
Implementation
Direct
(Yes
/No)
Mode of
Implementation Through
Implementing Agency.
State Dist Name
CSR
Reg.
number:
1 - - - - - - - - - -
(c) Details of CSR amount spent against other than ongoing projects for the Financial year:
(1) (2) (3) (4) (5) (6) (7) (8)
Sr
No
Name of
project
Item from the list of
activities in schedule
VII to the Act.
Local area
(Yes/No)
Location
of the
project
Amount spent for
the project (Amt Rs.
In Crore)
Mode of
implementation
Direct
(Yes/No)
Mode of
implementation
Through
implementing
agency.
State District Name
CSR
registration
number
1
Promoting
Health Care
to counter
COVID
emergency
(ii) No
Across
India
1.52 Yes
Adani Foundation
CSR00000265
TOTAL 1.52
(d) Amount spent in Administrative Overheads : -
(e) Amount spent on Impact Assessment, if applicable : -

30
(f) Total amount spent for the Financial (8b + 8c + 8d + 8e) : Rs. 1.52 Crore
(g) Excess amount for set off, if any
Sr.
No.
Particular
Amount
(Rs. In Crore)
(i) Two percent of average net profit of the Company as per Section 135(5) 1.52
(ii) Total amount spent for the financial Year 1.52
(iii) Excess amount spent for the financial year [(ii)-(i)] -
(iv)
Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if
any
-
(v) Amount available for set off in succeeding financial years [(iii) – (iv)] -
9.(a) Details of Unspent CSR amount for the preceding three financial years:
Sr. No.
Preceding
Financial
Year
Amount transferred to
Unspent CSR Account
under Section 135(6)
(in Rs.)
Amount spent in
the reporting
Financial Year
(in Rs.)
Amount transferred to any fund
specified under Schedule VII as per
Section 135(6), if any.
Amount remaining to
be spent in succeeding
financial years
(in Rs.)
Name
of the
Fund
Amount
(in Rs.)
Date of transfer
1 - - - - - - -
TOTAL
(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s):
(1) (2) (3) (4) (5) (6) (7) (8) (9)
Sr.
No
Project
ID
Name
of the
project
Financial Year in
which the project
was commenced
Project
duration
Total amount
allocated for the
project (in Rs.)
Amount spent on the
project in the
reporting Financial
Year
(in Rs.)
Cumulative amount
spent at the end of
reporting Financial
Year
(in Rs.)
Status of
the
Project-
Completed
/ ongoing
1 - - - - - - - -
TOTAL

31
10. In case of creation or acquisition of capital asset, furnish the details relating to the asset so created or acquired through CSR spent in the
Financial Year.
(asset-wise details)
Date of creation or acquisition of the capital asset(s) : -
Amount of CSR spent for creation or acquisition of capital asset. : -
Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc. : -
Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset). : -
11. Specify the reason(s), if the Company has failed to spend two per cent of the average net profits as per Section 135(5) : -
Overview
For over two decades now, the Adani Foundation has contributed to the holistic development of underprivileged communities. It has been
able to envelop people, planet and prosperity in the formulation and execution of its programs. Today, the Foundation’s reach covers 3.67
million people in 2,410 villages across 18 states in India by facilitating quality education, enabling the youth with income-generating skills,
supporting sustainable and alternative livelihood opportunities from agriculture & animal husbandry, promoting a healthy society and
supporting infrastructure development.
In March 2020, the outbreak of coronavirus marked the beginning of an unprecedented time in modern history. As India took decisive steps
to contain, test and treat COVID-19 in a proactive manner, the Adani Foundation aligned its foot soldiers to the need of the hour. As the
situation continues to evolve, its CSR activities are pivoting their everyday processes, building response mechanisms as well as helping to
build back a more resilient and inclusive society.
Adani Logistics Limitedhas spent Rs. 1.52 Crore in the year 2020-21 towards various CSR initiatives which have been implemented by
Adani Foundation. A detailed account of the CSR initiatives carried out on behalf of the company is provided below:
COVID19 Relief
The past year have brought with them unprecedented times in the form of a highly contagious pandemic – a global humanitarian crisis has
left us grappling with fear and uncertainties tied to the rampant spread of COVID-19. Supporting the heroes on the front line and
safeguarding citizens’ lives has become the prime agenda of governments at this turning point in world history. Indian governments too, are
taking decisive steps to contain, test and treat COVID-19, while urging 1.3 billion citizens to conform to a new reality. In line with these
efforts, the Adani Foundation has taken initiatives to guard the health and well-being for rural communities, provide relief material in towns
and cities, and contribute financial aid to central and state governments. In keeping with its parent company Adani Group’s vision of
nation-building, the Adani Foundation is anchoring several COVID-19 related relief efforts.
In these trying times, the Adani Foundation committed to immediate relief work, while working in line with the requirements of the
government, health agencies, district administration and most importantly, community members. It sanitized villages, provided ration and
food packet support as well as distributed face masks made by the Adani Foundation run self-help groups. That apart, the Foundation made
financial donations and donated 10,000 PPE kits to the Government of India. PPEs, N95 masks and 100 ventilators were provided to the
Ahmedabad Municipal Corporation.
Mr. Vikram Jaisinghani
(Managing Director & Chairman CSR Committee)

32
Description of state of companies affair
Financial Highlights: The audited financial statements of the Company as on 31st March, 2021 are prepared in accordance with the relevant
applicable Ind AS and provisions of the Companies Act, 2013 (“Act”). The summarized financial highlight is depicted below: (Rs. in Lakhs)
Particulars 2020-21 2019-20 Revenue from Operations 65,548.53 73,819.67 Other Income 15,261.48 7,383.92 Total Income 80,810.01
81,203.59 Operating Expenses 50,401.34 48,796.75 Employee Benefits Expense 3,150.27 2,428.60 Depreciation and Amortization Expense
6,899.78 5,734.55 Finance Costs 3,676.89 5,837.79 Other expenses 2,958.80 2,708.84 Total Expense 67,087.71 65,506.53 Profit Before Tax
13,722.30 15,697.06 Tax Expense 2,655.91 3,702.98 Profit for the year 11,066.39 11,994.08 Other Comprehensive Income for the year
(2,044.67) 6.96 Total Comprehensive Income for the year 9,021.72 12,001.04
Disclosures relating to amount recommended to be paid as dividend
Dividend: With a view to conserve the resources of the Company, the Directors have not recommended any dividend for the financial year
under review. In view of the same, the directors do not propose to carry amount to reserves.
Details regarding energy conservation
Conservation of Energy, Technology Absorption, Foreign Exchange Earning and Outgo: 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 8 of The Companies (Accounts) Rules, 2014, as amended from time to time is annexed, which forms part of this Report. A. Conservation
of Energy: i) Steps taken or impact on conservation of energy: Apart from driving the mindset of Continuous Improvement to reduce wastage
overall, the Company has not taken any specific project related to energy conservation project during the year under review. ii) Steps taken
by the company for utilizing alternate sources of energy: • Installation of 480 KWp solar plant has been completed with investment of Rs.
2.40 crore iii) Capital investment on energy conservation equipment: • PO has been awarded for replacing existing HPSV lights on HM
tower with energy efficient LED lights. The total investment for the same is Rs. 26.35 Lakh. • 3 Nos of High Mast lighting tower has been
installed with energy efficient LED lights. The total project cost is Rs.41.77 Lakh out of which Rs.18.70 lakh is for LED lights.
Details regarding technology absorption
rule 8 of The Companies (Accounts) Rules, 2014, as amended from time to time is annexed, which forms part of this Report. B. Technology
Absorption: i) Efforts made towards technology absorption: The Company has put together a comprehensive document “Technology
Roadmap”, a core reference document, in the journey towards ‘Simplifying Logistics driven by Technology’ focusing on • Customer
Excellence • Operations Excellence & • Financial Governance ii) Benefits derived like product improvement, cost reduction, product
development or import substitution: Nil iii) In case of imported technology (imported during the last three years reckoned from the beginning
of the financial year) : Nil iv) Expenditure incurred on Research and Development: Nil
Details regarding foreign exchange earnings and outgo
rule 8 of The Companies (Accounts) Rules, 2014, as amended from time to time is annexed, which forms part of this Report. i) Foreign
Exchange Earnings and Outgo: The particulars relating to foreign exchange earnings and outgo during the year under review are as under:
(Rs. in Lakhs) Particulars 2020-21 2019-20 Foreign exchange earned 197.56 123.30 Foreign exchange outgo 169.24 35.74

33
Disclosures in director’s responsibility statement
Directors’ Responsibility Statement: Pursuant to Section 134(5) of the Act, the Board of Directors, to the best of their knowledge and ability,
state the following: a. that in the preparation of the annual financial statements, the applicable accounting standards have been followed and
there are no material departures;; b. that such accounting policies have been selected and applied consistently and judgements and estimates
have been made 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, 2021
and of the profit of the Company for the year ended on that date; c. that proper and sufficient care has been taken for the maintenance of
adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and
detecting fraud and other irregularities; d. that the annual financial statements have been prepared on a going concern basis; e. that proper
internal financial controls were in place and that the financial control are adequate and operating effectively; f. that proper systems to ensure
compliance with the provisions of all applicable laws were in place and were adequate and operating effectively.
Particulars of loans guarantee investment under section 186 [Text Block]
Particulars of Loans, Guarantee or Investment:
The provisions of Section 186 of the Act with respect to a loan, guarantee or security or investment is not applicable to the Company as the
Company is engaged in providing infrastructural facilities and is exempted under Section 186 of the Act. The details of investment made
during the year under review are disclosed in the financial statements.
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
Related Party Transactions:
All the related party transactions entered into during the financial year were on an arm’s length basis and were in the ordinary course of
business. Your Company had not entered into any transactions with related parties which could be considered material in terms of Section
188 of the Act. Accordingly, the disclosure of related party transactions as required under Section 134(3)(h) of the Act in Form AOC-2 is not
applicable. Suitable disclosure as required by the Indian Accounting Standard (Ind AS 24) has been made in the notes to the Financial
Statements.

34
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
NNEXURE TO DIRECTOR’S REPORT
FORM NO. MGT-9
EXTRACT OF ANNUAL RETURN
as on the Financial Year ended on 31st March, 2021
[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 : U63090GJ2005PLC046419
Registration Date : July 13, 2005
Name of the Company : Adani Logistics Ltd.
Category / Sub-Category of the Company : Company limited by share
Address of the Registered office and contact
details
:
Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S. G.
Highway, Khodiyar, Ahmedabad – 382421 Gujarat, India
Whether listed company : No
Name, Address and Contact details of
Registrar and Transfer Agent, if any
:
Link In time India Private Limited
C-101, 247 Park, L.B.S. Marg, Vikhroli (West)Mumbai, Maharashtra-400083
Principal business activities of the company:
All the business activities contributing 10 % or more of the total turnover of the company shall be stated:
Name and description of main Products/Services NIC Code of the Product/ service % to total turnover of the company
Container Rail Transportation 4912 67%
Road Transportation 4923 10%
Cargo Handling Services 5224 19%
Storage and Warehousing 5210 4%
Total 100%
Particulars of holding, subsidiary and associate companies:
Holding/ % of

35
SN Name and address of the Company CIN/GLN Subsidiary/
Associate
shares
held
Sec-tion
1
Adani Ports and Special Economic Zone Ltd.
L63090GJ1998PLC034182 Holding 100 2(46)
2
Blue Star Realtors Pvt. Ltd.
605, 6th Floor, Hallmark Business Plaza, Opp. Guru Nanak
Hospital, Bandra (East) Mumbai -400051.
U45200MH1990PTC055968 Subsidiary 100 2(87)
3
Adani NYK Auto Logistics Solutions Pvt. Ltd.
4
Dermot Infracon Pvt. Ltd.
5
Adani Agri Logistics Ltd.
6
Adani Agri Logistics (Samastipur) Ltd.
7
Adani Agri Logistics (Darbhanga) Ltd.
8
Adani Agri Logistics (Dahod) Ltd.
9
Adani Agri Logistics (MP) Ltd.
U74120GJ2014PLC079278
Step down
Subsidiary
100 2(87)
10
Adani Agri Logistics (Dewas) Ltd.
U63090GJ2014PLC079629
Step down
Subsidiary
100 2(87)
11
Adani Agri Logistics (Harda) Ltd.
U63023GJ2014PLC079601
Step down
Subsidiary
100 2(87)
12
Adani Agri Logistics (Hoshangabad) Ltd.
U63000GJ2014PLC079611
Step down
Subsidiary
100 2(87)
13
Adani Agri Logistics (Satna) Ltd.
U63000GJ2014PLC079612
Step down
Subsidiary
100 2(87)
Adani Agri Logistics (Ujjain) Ltd.
Step down

36
14 Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle,
15
Adani Agri Logistics (Panipat) Ltd.
U63030GJ2017PLC095073
Step down
Subsidiary
100 2(87)
16
Adani Agri Logistics (Kannauj) Ltd.
U63030GJ2017PLC095059
Step down
Subsidiary
100 2(87)
17
Adani Agri Logistics (Katihar) Ltd.
U63090GJ2016PLC086566
Step down
Subsidiary
100 2(87)
18
Adani Agri Logistics (Kotkapura) Ltd.
U63090GJ2016PLC086571
Step down
Subsidiary
100 2(87)
19
Adani Agri Logistics (Mansa) Ltd.
U63030GJ2017PLC095203
Step down
Subsidiary
100 2(87)
20
Adani Agri Logistics (Bathinda) Ltd.
U63030GJ2017PLC095224
Step down
Subsidiary
100 2(87)
21
Adani Agri Logistics (Moga) Ltd.
U63030GJ2017PLC095190
Step down
Subsidiary
100 2(87)
22
Adani Agri Logistics (Barnala) Ltd.
U63090GJ2017PLC095187
Step down
Subsidiary
100 2(87)
23
Adani Agri Logistics (Nakodar) Ltd.
U63030GJ2017PLC095202
Step down
Subsidiary
100 2(87)
24
Adani Agri Logistics (Raman) Ltd.
U63030GJ2017PLC095188
Step down
Subsidiary
100 2(87)
25
Adani Agri Logistics (Dhamora) Ltd.
U74999GJ2018PLC103574
Step down
Subsidiary
100 2(87)
26
Adani Agri Logistics (Borivali) Ltd.
U63030GJ2018PLC103573
Step down
Subsidiary
100 2(87)
27
Adani Logistics Services Pvt. Ltd.
Adani House, 56 Shrimali Society, Nr. Mithakhali Six Roads,
Navrangpura, Ahmedabad-380009
Adani Forwarding Agent Pvt. Ltd.
Step down

37
28 Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle,
29
Adani Cargo Logistics Pvt. Ltd.
U60300GJ2013PTC113349
Step down
Subsidiary
98.29 2(87)
30
Adani Logistics Infrastructure Pvt. Ltd.
U70102GJ2015PTC113459
Step down
Subsidiary
98.29 2(87)
31
Adani Noble Pvt. Ltd.
U45201DL2007PTC202302
Step down
Subsidiary
98.29 2(87)
32
33
A/202,Parshav Apartment Opp Madhuvan Avenue, Nr Vasna
Bus Stand, Vasna Ahmedabad 380007
34
NRC Ltd.
67, Ground Floor, 75, Surajmal Building Nakhoda Street,
Pydhonie, Mandvi, Mumbai MH 400003
L17120MH1946PLC005227 Subsidiary 100 2(87)
35
Adani Total Private Limited
U11201GJ2016PTC091695
Joint
Venture
50 2(6)
36
Adani Logistics International Pte Ltd
80 Raffles Place, #33-20, Uob Plaza, Singapore 048624
Foreign Company Subsidiary 100 2(87)
IV.
Share holding
pattern (equity
share capital
breakup as
percentage of
total equity as
on 31st March,
2021).
i)
Category-wise
Share Holding
No of Shares
held at the
beginning of
the year
No. of Shares
held at the end
of the year
Category of
Shareholders
% of
total
Shares
% of
total
Shares
%
Change
during
the
year

38
A. Promoter
1 Indian
a) Individuals/HUF -- -- -- -- -- -- -- -- --
b)
Central
government
-- -- -- -- -- -- -- -- --
c)
State
Government(s)
-- -- -- -- -- -- -- -- --
d)
Bodies
Corporate * 655,000,000.00
--
655,000,000.00
100%
655,000,000.00
--
655,000,000.00
100% Nil
e) Banks / FI -- -- -- -- -- -- -- -- --
f) Any Others -- -- -- -- -- -- -- -- --
Sub Total(A)(1) 655000000 --
655,000,000.00
100%
655,000,000.00
--
655,000,000.00
100% Nil
2 Foreign
a) NRIs-Individuals -- -- -- -- -- -- -- -- --
b) Other-Individuals -- -- -- -- -- -- -- -- --
c)
Bodies
Corporate
-- -- -- -- -- -- -- -- --
d) Banks/FI -- -- -- -- -- -- -- -- --
e) Any Other -- -- -- -- -- -- -- -- --
Sub Total(A)(2) -- -- -- -- -- -- -- -- --
Total
Shareholding of
Promoter and
Promoter Group
(A)=
(A)(1)+(A)(2)
655000000 --
655,000,000.00
100%
655,000,000.00
--
655,000,000.00
100% Nil
B.
Public
shareholding
1 Institutions
Mutual Funds/

39
a) UTI -- -- -- -- -- -- -- -- --
b) Banks/FI -- -- -- -- -- -- -- -- --
c) Central Govt. -- -- -- -- -- -- -- -- --
d) State Govt. -- -- -- -- -- -- -- -- --
e)
Venture Capital
Funds
-- -- -- -- -- -- -- -- --
f)
Insurance
Companies
-- -- -- -- -- -- -- -- --
g) FII -- -- -- -- -- -- -- -- --
h)
Foreign Venture
Capital Funds
-- -- -- -- -- -- -- -- --
i) Any Other -- -- -- -- -- -- -- -- --
Sub-Total (B)(1)
2 Non-institutions
a)
Bodies
Corporate
-- -- -- -- -- -- -- -- --
I Indian -- -- -- -- -- -- -- -- --
Ii Overseas -- -- -- -- -- -- -- -- --
b) Individuals -- -- -- -- -- -- -- -- --
I
Individuals
shareholders
holding nominal
share capital up
to ? 1 lakh
-- -- -- -- -- -- -- -- --
Ii
Individual
shareholders
holding nominal
share capital in
excess of ? 1
lakh.
-- -- -- -- -- -- -- -- --
c) Other (specify) -- -- -- -- -- -- -- -- --
Sub-Total (B)(2) -- -- -- -- -- -- -- --

40
Total Public
Shareholding
(B)=
(B)(1)+(B)(2)
-- -- -- -- -- -- -- -- --
C.
Shares held by
Custodians for
GDRs & ADRs
-- -- -- -- -- -- -- -- --
GRAND TOTAL
(A)+(B)+(C)
655000000 --
655,000,000.00
100%
655,000,000.00
--
655,000,000.00
100% Nil
ii) Shareholding of Promoter
Sr No
Shareholder’s
Name
Shareholding at the
beginning of the year
Shareholding at
the end of the year
% Change in
shareholding during
the year
No. of
Shares
% of total shares
of the company
% shares pledged/
encumbered to total
shares
No. of Shares
company
% shares pledged /
encumbered to total
shares
1 Adani Ports And Special Economic Zone Ltd* 65,50,00,000 100% - 65,50,00,000 100% - Nil
iii) Change in Promoters’ Shareholding
Shareholder's
Name
Shareholding at the beginning of the
year
Cumulative Shareholding during the
year
Company
At the beginning of the year No change
during the year
Date wise Increase / Decrease in Promoters Shareholding during the year specifying the reasons for
increase/ decrease (e.g. allotment / transfer/ bonus/ sweat equity etc):
iv)Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):

41
For each of the Top 10
Shareholder
the year
the year
Company
Nil
v) Shareholding of Directors and Key Managerial Personnel
For each of the Directors and
KMP
the year
the year
Company
Nil
Indebtedness:
Indebtedness of the Company including interest outstanding/accrued but not due for payment:
(Rs. In Lakhs)
Secured Loans
excluding deposits
Unsecured
Loans
Deposits
Total
Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount - 36,032.36 - 36,032.36
iii) Interest accrued but not due - 4,078.54 - 4,078.54

42
Total (i+ii+iii) - 40,110.90 - 40,110.90
Change in Indebtedness during the financial year
Addition - 22,175.98 - 22,175.98
Reduction - 62,286.88 - 62,286.88
Exchange Differences - - - -
Net Change - (40,110.90) - (40,110.90)
Indebtedness at the
i) Principal Amount - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) - - - -
Remuneration of directors and key managerial personnel:
Remuneration to Managing Director, Whole-time Directors and/or Manager:
Sr No Particulars of Remuneration
Managing
Director*
Total
1 Gross salary
- -
Value of perquisites u/s 17(2) Income-tax Act, 1961 - -
Profits in lieu of salary under section 17(3) Income-tax Act, 1961 - -
2 Stock Option - -
3 Sweat Equity - -
4 Commission
as % of profit - -

43
others, specify - -
5
Others, (P.F. contribution of
employee)
- -
Total (A) - -
Ceiling as per the Act - -
*Not drawing any remuneration from the Company.
B. Remuneration to other Directors: (Rs. in Lakhs)
Sr No Particulars of Remuneration Dr. Chitra Bhatnagar Total Amount
1 Independent Directors
a) Fee for attending board, committee meetings 1.2 1.2
b) Commission - -
Total (1) 1.2 1.2
2 Other Non-Executive Directors
a) Fee for attending board committee meetings - -
b) Commission - -
Total (2) - -
Total (B)= (1+2) 1.2 1.2
C. Remuneration to key managerial personnel other than MD/manager/WTD (Rs. in Lakhs)
Sr
No
Particulars of Remuneration Mr. Piyush Gandhi Mr. Yogesh Dalal
Total
Amount
(Chief Financial
Officer)
(Company
Secretary)1

44
1 Gross salary
a.
20.62 - 20.62
b. Value of perquisites u/s 17(2) Income-tax Act, 1961 1.85 - 1.85
c. Profits in lieu of salary under section 17(3) Income-tax Act, 1961 - -
2 Stock Option - -
3 Sweat Equity - -
4 Commission - -
as % of profit - -
others, specify - -
5 Others, (P.F. contribution of employee) 1.86 - 1.86
Total (A) 24.33 - 24.33
1Mr. Yogesh Dalal is not drawing any Remuneration from the
Company.
PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:
Type
Section of the
Companies Act
Brief
Description
Details of penalty/ punishment/
compounding fees imposed
Authority
[RD / NCLT/
COURT]
Appeal made, if any
(give details)
Company
Penalty
None
Punishment
Compounding
Directors

45
Penalty
None
Punishment
Compounding
Other Officers in default
Penalty
None
Punishment
Compounding
Disclosure of statement on declaration given by independent directors under section 149(6) [Text Block]
The Company has received declaration from Ms. Komal Majmudar, Independent Director of the Company confirming that she meets the
criteria of independence as provided in Section 149(6) of the Companies Act, 2013 and there has been no change in the circumstances which
may affect her status as independent director during the year.
Disclosure of statement on development and implementation of risk management policy [Text Block]
Risk Management:
Your Company has a formal risk assessment and management system which identifies risk areas, evaluates their consequences, initiates risk
mitigation strategies and implements corrective actions where required.

46
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
Corporate Social Responsibility (CSR) Committee:
The present members of the CSR Committee are Mr. Vikram Jaisinghani, Capt. Unmesh Abhyankar and Ms. Komal Majmudar.
The Company has identified Education, Community Health, Sustainable Livelihood and Community Infrastructure as the core sectors for
CSR. The role and functions of the CSR Committee are in conformity with the requirements of Section 135 of the Act read with rules made
thereunder. The Annual Report on CSR activities is annexed, which forms part of this report.
During the year under review, the Committee met two times on 4 th May, 2020 and 1 st August, 2020.
The details of attendance of the members at the Committee meeting during the year are as under:
Name of Members Meetings
Held Attended
Dr. Chitra Bhatnagar 2 2
Ms. Komal Majmudar 1 0 0
1 Appointed w.e.f March 30, 2021.

47
Disclosure of financial summary or highlights [Text Block]
Financial Highlights:
The audited financial statements of the Company as on 31 st March, 2021 are prepared in accordance with the relevant applicable Ind AS and
provisions of the Companies Act, 2013 (“Act”).
The summarized financial highlight is depicted below:
(Rs. in Lakhs)
Revenue from Operations 65,548.53 73,819.67
Other Income 15,261.48 7,383.92
Total Income 80,810.01 81,203.59
Operating Expenses 50,401.34 48,796.75
Employee Benefits Expense 3,150.27 2,428.60
Depreciation and Amortization Expense 6,899.78 5,734.55
Finance Costs 3,676.89 5,837.79
Other expenses 2,958.80 2,708.84
Total Expense 67,087.71 65,506.53
Profit Before Tax 13,722.30 15,697.06
Tax Expense 2,655.91 3,702.98
Profit for the year 11,066.39 11,994.08
Other Comprehensive Income for the year (2,044.67) 6.96
Total Comprehensive Income for the year 9,021.72 12,001.04

Adani Logistics 2021 Annual Report.pdf

Adani Logistics 2021 Annual Report.pdf

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Adani Logistics 2021 Annual Report.pdf