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Integrated Annual Report 2020-21

Independent Auditors’ Report

To the Members of Tata Chemicals Limited Basis for Opinion
We conducted our audit in accordance with the Standards on
Report on the Audit of the Standalone Financial Auditing (SAs) specified under Section 143(10) of the Act. Our
Statements responsibilities under those SAs are further described in the
Opinion Auditor’s Responsibilities for the Audit of the Standalone Financial
We have audited the Standalone Financial Statements of Statements section of our report. We are independent of the
Tata Chemicals Limited (“the Company”), which comprise the Company in accordance with the Code of Ethics issued by the
Standalone Balance Sheet as at March 31 2021, and the Standalone Institute of Chartered Accountants of India together with the
Statement of Profit and Loss (including other comprehensive ethical requirements that are relevant to our audit of the Standalone
income), standalone statement of changes in equity and standalone Financial Statements under the provisions of the Act and the Rules
statement of cash flows for the year then ended, and notes to the thereunder, and we have fulfilled our other ethical responsibilities
Standalone Financial Statements, including a summary of the in accordance with these requirements and the Code of Ethics. We
significant accounting policies and other explanatory information believe that the audit evidence we have obtained is sufficient and
(hereinafter referred to as “Standalone Financial Statements”). appropriate to provide a basis for our opinion.
In our opinion and to the best of our information and according
to the explanations given to us, the aforesaid Standalone Financial Key Audit Matters
Statements give the information required by the Companies Act, Key audit matters are those matters that, in our professional
2013 (“Act”) in the manner so required and give a true and fair view judgment, were of most significance in our audit of the Standalone
in conformity with the accounting principles generally accepted Financial Statements of the current period. These matters were
in India, of the state of affairs of the Company as at March 31 2021, addressed in the context of our audit of the Standalone Financial
and profit and other comprehensive income, changes in equity Statements as a whole, and in forming our opinion thereon, and
and its cash flows for the year ended on that date. we do not provide a separate opinion on these matters.

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