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Integrated report Statutory reportS Financial StatementS
Standalone

Independent Auditors’ Report

To the Members of Tata Chemicals Limited Company in accordance with the Code of Ethics issued by the
Institute of Chartered Accountants of India together with the
Report on the Audit of the Standalone Financial ethical requirements that are relevant to our audit of the Standalone
Statements Financial Statements under the provisions of the Act and the Rules
Opinion thereunder, and we have fulfilled our other ethical responsibilities
We have audited the Standalone Financial Statements of in accordance with these requirements and the Code of Ethics. We
Tata Chemicals Limited (“the Company”), which comprise the believe that the audit evidence we have obtained is sufficient and
Standalone Balance Sheet as at March 31, 2020, and the Standalone appropriate to provide a basis for our opinion.
Statement of Profit and Loss (including other comprehensive
income), Standalone Statement of Changes in Equity and Emphasis of Matter
Standalone Statement of Cash Flows for the year then ended, We draw attention to Note 34 of the Standalone Financial
and notes to the Standalone Financial Statements, including Statements in respect of a Scheme of Arrangement amongst Tata
a summary of the significant accounting policies and other Chemicals Limited and Tata Consumer Products Limited (previously
explanatory information (hereinafter referred to as “Standalone Tata Global Beverages Limited) and their respective shareholders
Financial Statements”). and creditors (the ‘Scheme’) for demerger of Consumer Products
Business of the Company. The Scheme has been given effect to
In our opinion and to the best of our information and according from the Appointed Date of April 1, 2019 as approved by the
to the explanations given to us, the aforesaid Standalone Financial National Company Law Tribunal and which is deemed to be the
Statements give the information required by the Companies Act, demerger date for the purpose of accounting and consequently
2013 (“Act”) in the manner so required and give a true and fair view financial information in the statement of profit and loss account for
in conformity with the accounting principles generally accepted the year ended March 31, 2019 have been restated.
in India, of the state of affairs of the Company as at March 31, 2020,
and profit and other comprehensive income, changes in equity Our opinion is not modified in respect of this matter.
and its cash flows for the year ended on that date.
Key Audit Matters
Basis for Opinion Key audit matters are those matters that, in our professional

We conducted our audit in accordance with the Standards on judgment, were of most significance in our audit of the Standalone
Auditing (SAs) specified under Section 143(10) of the Act. Our Financial Statements of the current period. These matters were
responsibilities under those SAs are further described in the addressed in the context of our audit of the Standalone Financial
Auditor’s Responsibilities for the Audit of the Standalone Financial Statements as a whole, and in forming our opinion thereon, and
Statements section of our report. We are independent of the we do not provide a separate opinion on these matters.

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