Annual Report: 2022
Consolidated financial statements for API Holdings Limited (formerly known as API Holdings Private Limited) include an independent auditor's report and financial statements as of March 31, 2022.
Independent Auditor's Report
The report expresses an opinion on the consolidated financial statements of API Holdings Limited and its subsidiaries and associate companies, stating that they give a true and fair view in conformity with accounting principles generally accepted in India and providing the information required by the Companies Act, 2013. The audit was conducted in accordance with Standards on Auditing (SAs). The report also includes sections on the responsibilities of management and auditors, other information, and other legal and regulatory requirements, including compliance with the Companies (Auditor’s Report) Order, 2020 (CARO 2020). The audit opinion is not modified with respect to reliance on reports of other auditors of subsidiaries and associate companies. The report states that the Holding Company, its subsidiaries and its associate companies have, in all material respects, an adequate internal financial controls system with reference to consolidated financial statements and such internal financial controls with reference to financial statements were operating effectively as at March 31, 2022.
Consolidated Balance Sheet Highlights (as of March 31, 2022):
Consolidated Statement of Profit and Loss Highlights (Year Ended March 31, 2022):
Consolidated Statement of Changes in Equity (Year Ended March 31, 2022):
The statement provides details on changes in share capital, instruments entirely in the nature of equity, and other equity components such as securities premium, retained earnings, capital reserve, amalgamation deficit balance, employee stock option outstanding, equity component of compound financial instruments, money received against share warrants, and non-controlling interest. The total equity as of March 31, 2022, is Rs. 70,224.81 million.
Consolidated Statement of Cash Flows (Year Ended March 31, 2022):
Notes to Financial Statements:
*API Holdings Limited (API) is a public company primarily involved in diversified businesses like trading pharmaceutical and cosmetic goods, mobile applications, diagnostic services, teleconsulting and more.
*Basis of Preparation and significant accounting policies including:
*going concern and use of estimates and judgements;
consolidation;
segment reporting and more.
*Details of property, plant and equipment; goodwill, intangible assets, investments, financial assets, trade receivables, cash and cash equivalents, provisions, current and non-current liabilities, equity, revenue, expenses, financial instruments, leases, employee benefits, taxation, business combinations, share-based payments, earnings per share, segment reporting, foreign currency translation and other significant items are explained in detail.
*Acquisitions:
*Akna Medical Private Limited, effective September 17, 2021, for a total consideration of Rs 11,650.93 million.
*Impairment testing was performed, resulting in impairment charges for distribution to chemists/institutions, IT operations and Diagnostics CGUs.
*Additional details on ESOP plans, related party transactions and subsequent events are also noted.
*The financial statements were authorized for issue on 13 September 2022.
Access essential information and documents to make informed investment decisions
Stay updated with upcoming events, conferences, and announcements
Access quarterly and half-yearly financial statements and reports
Download comprehensive annual reports and financial summaries
Access investor presentations, corporate briefings, and slideshows
Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.
Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.
You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.
The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.
Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.
To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.
Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.
The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.
Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.
It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
