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Integrated report             Statutory reportS          Financial StatementS
                                                                                    Standalone


            42.  Capital management
                 The capital structure of the Company consists of net debt and total equity of the Company. The Company manages its capital
                to ensure that the Company will be able to continue as going concern while maximising the return to stakeholders through an
                optimum mix of debt and equity within the overall capital structure. The Company's risk management committee reviews the capital
                structure of the Company considering the cost of capital and the risks associated with each class of capital.

            43.  Related Party Disclosure:
            (a)  Related parties and their relationship (as defined under IndAS-24 Related Party Disclosures)
             Subsidiaries                                       Other related parties
             Direct                                             1.   Tata Chemicals Ltd Provident Fund
             1   Rallis India Limited, India                    2.   Tata Chemicals Ltd. Employee Pension Fund
             2    Tata Chemicals International Pte. Limited (‘TCIPL’) (note 36)  3.   Tata Chemicals Superannuation Fund
             3   Ncourage Social Enterprise Foundation          4.   Tata Chemicals Employees Gratuity Trust
             Indirect                                           5.   TCL Employees Gratuity Fund
             1   Rallis Chemistry Exports Limited, India        6.   Rallis India Limited Management Staff Gratuity Fund
             2   PT Metahelix Lifesciences Indonesia (PTLI), Indonesia  Key Management Personnel
             3   Valley Holdings Inc., united States of America  1.   Mr. R. Mukundan, Managing Director and CEO
             4   Tata Chemicals North America Inc., united States of America  2.   Mr. Zarir Langrana, Executive Director
             5   General Chemical International Inc., united States of America  Promoter Group
             6   NHO Canada Holdings Inc., united States of America  1.   Tata Sons Private Ltd. India
             7     Tata Chemicals (Soda Ash) Partners (TCSAP), united States of America ** List of subsidiaries and joint ventures of Tata Sons Private Ltd. @@
             8     Tata Chemicals (Soda Ash) Partners Holdings(TCSAPH), united States of  1.   TATA AIG General Insurance Company Limited
                 America **
             9   TCSAP LLC,united States of America             2.   Tata Autocomp Systems Limited
             10   Homefield Pvt uK Limited, united Kingdom      3.   Tata International Limited
             11      TCE Group Limited (formerly known as Homefield 2 uK Limited)  4.   Tata Consultancy Services Limited
             12   Tata Chemicals Africa Holdings Limited, united Kingdom  5.   TATA AIA Life Insurance Company Limited
             13     Natrium Holdings Limited (formerly known as Tata Chemicals Europe  6.   Tata Consulting Engineers Limited
                 Holdings Limited)
             14   Tata Chemicals Europe Limited, united Kingdom  7.   Infiniti Retail Limited
             15   Winnington CHP Limited,united Kingdom         8.   TASEC Limited (formely TAS-AGT Systems Limited)
             16   Brunner Mond Group Limited, united Kingdom    9.   Tata Teleservices Limited
             17   Tata Chemicals Magadi Limited, united Kingdom  10.   Ecofirst Services Limited
             18   Northwich Resource Management Limited, united Kingdom  11.   Tata Realty and Infrastructure Limited
             19   Gusiute Holdings (uK) Limited, united Kingdom  12.   Tata Investment Corporation Limited
             20   TCNA (uK) Limited, united Kingdom             13.   Ewart Investments Limited
             21   British Salt Limited, united Kingdom          14.   Simto Investment Company Limited
             22   Cheshire Salt Holdings Limited, united Kingdom  15.   Tata Autocomp Hendrickson Suspensions Private Limited
             23   Cheshire Salt Limited, united Kingdom         16.   Tata SmartFoodz Limited
             24   Brinefield Storage Limited, united Kingdom    17.   Tata SIA Airlines Limited
             25   Cheshire Cavity Storage 2 Limited, united Kingdom  18.   Tata Communications Limited
             26   Cheshire Compressor Limited, united Kingdom   19.   Tata Communications Collaboration Services Private Limited
             27   Irish Feeds Limited,united Kingdom            20.   Tata Teleservices (Maharashtra) Limited
             28   New Cheshire Salt Works Limited, united Kingdom  21.   Tata Digital Ltd.
             29     Tata Chemicals (South Africa) Proprietary Limited, South Africa  22.   Tata International Singapore PTE Ltd
             30   Magadi Railway Company Limited, Kenya         23.   Tata Elxsi Limited
             31   Alcad, united States of America **            24.   Carbon Disclosure Project India
             Joint Ventures                                     @@  The above list includes the Companies with whom the
             Direct                                             Company has entered into the transactions during the course of
             1.   Indo Maroc Phosphore S.A., Morocco            the year.
             2.   Tata Industries Limited                       ** a general partnership formed under the laws of the State of
             Indirect                                           Delaware (uSA).
             1.     The Block Salt Company Limited, united Kingdom
                 (Holding by New Cheshire Salt Works Limited)
             2.     JOil (S) Pte. Ltd and its subsidiaries
                 (Holding by Tata Chemicals International Pte. Limited)


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