

Kadamb
ȳ ƭƑȹǜūDžĚƑ ʈ gĚĿČĺĺîƑēƥ ƎĿŠĚȴ Ŀƙ îŠ ĿČūŠĿČ ƥƑĚĚ ūlj TŠēĿî îŠēȡ îŞūŠijƙƥ ūƥĺĚƑƙȡ ĺîƙ îŠ ĿŞƎūƑƥîŠƥ ƎŕîČĚ ĿŠ ƥƑîēĿƥĿūŠîŕ
ŞĚēĿČĿŠĚƙ ȶ Ŀƥƙ Ƒūūƥƙ îƑĚ ƭƙĚē ƥū ƥƑĚîƥ ljĚDŽĚƑȡ ċîƑŒ Ŀƙ ƭƙĚē ƥū ƥƑĚîƥ ƎîĿŠ îŠē ŕĚîDŽĚƙ îƑĚ ƭƙĚē ƥū ƥƑĚîƥ ƭŕČĚƑƙȫ Ŀƥƙ ljƑƭĿƥ ŏƭĿČĚ Ŀƙ
ČūŠƙĿēĚƑĚē ƥū ċĚ î ijūūē ŕîČƥîƥĿŠij îijĚŠƥȦ
Kadamb
ƥƑĚĚ Ŀƙ ūlj ƎîƑƥĿČƭŕîƑ ƙĿijŠĿǛČîŠČĚ ljūƑ ƭƙ ĿŠ ƥƭŕ ȹ ƥĺĚ ǛƑƙƥ ɃūljǛČĚɄ ūlj ūƭƑ ūŞƎîŠNjȡ î ČĺîĿƑ îŠē ƥîċŕĚȡ ljƭŠČƥĿūŠĚē
under a
Kadamb
ƥƑĚĚȦ ¹ĺĚ Ƒūūƥƙ îŠē ƥƑƭŠŒ ƑĚîljǛƑŞ ūƭƑ ƑĚŕĚŠƥŕĚƙƙ ČūŞŞĿƥŞĚŠƥ ƥū ĚƥĚƑŠîŕ ×îŕƭĚƙ îŠē ƥĺĚ ċƑîŠČĺĚƙ îŠē
ŕĚîDŽĚƙ ūƭƑ ƭŠǜĿŠČĺĿŠij îŕŕĚijĿîŠČĚ ƥū ĿŠČŕƭƙĿDŽĚ ijƑūDžƥĺȦ
01
Recollecting 2018-19
02
¤ĚŞĚŞċĚƑĿŠij eîƙƥƭƑċĺîĿ gîŕċĺîĿ
04
ūƑƎūƑîƥĚ ĿēĚŠƥĿƥNj
06
¡ƭƑƎūƙĚ îŠē ×îŕƭĚƙ
08
Business model
10
Serving diverse industries
11
Footprint
12
Operational highlights
14
Financial charts
18
¬ĚƑDŽĿŠij ƥĺĚ ƙūČĿĚƥNj
20
gĚƥƥĚƑ ƥū ƥĺĚ ƙĺîƑĚĺūŕēĚƑƙ
22
ūîƑē ūlj 'ĿƑĚČƥūƑƙ
23
'ĿƑĚČƥūƑƙɄ ¤ĚƎūƑƥ
29
ŠŠĚNJƭƑĚ ƥū ƥĺĚ 'ĿƑĚČƥūƑƙɄ ¤ĚƎūƑƥ
56
qîŠîijĚŞĚŠƥ 'ĿƙČƭƙƙĿūŠ îŠē ŠîŕNjƙĿƙ
62
Corporate Governance Report
83
ƭƙĿŠĚƙƙ ¤ĚƙƎūŠƙĿċĿŕĿƥNj ¤ĚƎūƑƥ
89
'ĿDŽĿēĚŠē 'ĿƙƥƑĿċƭƥĿūŠ ¡ūŕĿČNj
90 Notice
105
¡ĚƑljūƑŞîŠČĚ ƥƑĚŠē
Standalone Financial Statements
107
TŠēĚƎĚŠēĚŠƥ ƭēĿƥūƑɄƙ ¤ĚƎūƑƥ
116
Financial Statements
Consolidated Financial Statements
174
TŠēĚƎĚŠēĚŠƥ ƭēĿƥūƑɄƙ ¤ĚƎūƑƥ
182
Financial Statements
Solidity of the trunk does not affect
suppleness of the leaves.
ɰ ŕċĚƑƥ /ĿŠƙƥĚĿŠ
Contents
Forward looking statements
TŠ ƥĺĿƙ ŠŠƭîŕ ¤ĚƎūƑƥȡ DžĚ ĺîDŽĚ ƙĺîƑĚē ĿŠljūƑŞîƥĿūŠ îŠē ŞîēĚ ljūƑDžîƑē ŕūūŒĿŠij ƙƥîƥĚŞĚŠƥƙ ƥū ĚŠîċŕĚ ĿŠDŽĚƙƥūƑƙ ƥū ŒŠūDž ūƭƑ ƎƑūēƭČƥ ƎūƑƥljūŕĿūȡ
ċƭƙĿŠĚƙƙ ŕūijĿČ îŠē ēĿƑĚČƥĿūŠ îŠē ƥĺĚƑĚċNj ČūŞƎƑĚĺĚŠē ūƭƑ ƎƑūƙƎĚČƥƙȦ ¬ƭČĺ ƙƥîƥĚŞĚŠƥƙ ƥĺîƥ DžĚ ŞîŒĚ îƑĚ ċîƙĚē ūŠ ūƭƑ îƙƙƭŞƎƥĿūŠƙȦ ØĚ ĺîDŽĚ
ƥƑĿĚē DžĺĚƑĚDŽĚƑ ƎūƙƙĿċŕĚ ƥū ĿēĚŠƥĿljNj ƙƭČĺ ƙƥîƥĚŞĚŠƥƙ ċNj ƭƙĿŠij DžūƑēƙ ƙƭČĺ îƙ ɃîŠƥĿČĿƎîƥĚɄȡ ɃċĚŕĿĚDŽĚɄȡ ɃĚƙƥĿŞîƥĚɄȡ ɃĿŠƥĚŠēɄȡ ɃƎŕîŠɄȡ ɃƎƑūŏĚČƥɄ ūƑ DžūƑēƙ ūlj
ƙĿŞĿŕîƑ ƙƭċƙƥîŠČĚ ĿŠ ČūŠŠĚČƥĿūŠ DžĿƥĺ îŠNj ēĿƙČƭƙƙĿūŠ ūlj ljƭƥƭƑĚ ƎĚƑljūƑŞîŠČĚȦ ØĚ Čūƥ ijƭîƑîŠƥĚĚ ƥĺîƥ ƥĺĚƙĚ ljūƑDžîƑē ŕūūŒĿŠij ƙƥîƥĚŞĚŠƥƙ DžĿŕŕ
ċĚ ƑĚîŕĿƙĚē îŕƥĺūƭijĺ DžĚ ċĚŕĿĚDŽĚ DžĚ ĺîDŽĚ ċĚĚŠ ƎƑƭēĚŠƥ ĿŠ ūƭƑ îƙƙƭŞƎƥĿūŠƙȦ ¹ĺĚ îČƥƭîŕ ƑĚƙƭŕƥƙ ŞîNj ċĚ îljljĚČƥĚē ċĚČîƭƙĚ ūlj ƭŠČĚƑƥîĿŠƥĿĚƙȡ ƑĿƙŒƙ
îŠē ĚDŽĚŠ ĿŠîČČƭƑîƥĚ îƙƙƭŞƎƥĿūŠƙȦ Tlj ƭŠČĚƑƥîĿŠƥĿĚƙ ūƑ ŒŠūDžŠ ūƑ ƭŠŒŠūDžŠ ƑĿƙŒƙ ŞîƥĚƑĿîŕĿƙĚ ūƑ Ŀlj ƭŠēĚƑŕNjĿŠij îƙƙƭŞƎƥĿūŠƙ ƎƑūDŽĚ ĿŠîČČƭƑîƥĚȡ îČƥƭîŕ
ƑĚƙƭŕƥƙ ŞîNj DŽîƑNj ŞîƥĚƑĿîŕŕNj ljƑūŞ ƥĺūƙĚ îŠƥĿČĿƎîƥĚēȡ ċĚŕĿĚDŽĚēȡ ĚƙƥĿŞîƥĚēȡ ĿŠƥĚŠēĚēȡ ƎŕĚē ūƑ ƎƑūŏĚČƥĚēȦ ØĚ ƭŠēĚƑƥîŒĚ Šū ūċŕĿijîƥĿūŠ ƥū ƎƭċŕĿČŕNj
ƭƎēîƥĚ îŠNj ljūƑDžîƑē ŕūūŒĿŠij ƙƥîƥĚŞĚŠƥƙȡ DžĺĚƥĺĚƑ îƙ î ƑĚƙƭŕƥ ūlj ŠĚDž ĿŠljūƑŞîƥĿūŠȡ ljƭƥƭƑĚ ĚDŽĚŠƥƙ ūƑ ūƥĺĚƑDžĿƙĚȦ