Page 154 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Annual Report 2020-21

(A) As required by Section 143(3) of the Act, we report that: in its Standalone Financial Statements - Refer Notes 19
and 45.1 to the Standalone Financial Statements;
a) We have sought and obtained all the information and
explanations which to the best of our knowledge and ii. The Company did not have any long-term contracts
belief were necessary for the purposes of our audit. including derivative contracts for which there were any
material foreseeable losses.
b) In our opinion, proper books of account as required by iii. There has been no delay in transferring amounts,
law have been kept by the Company so far as it appears required to be transferred, to the Investor Education
from our examination of those books.
and Protection Fund by the Company, except for ` 0.55
c) The Standalone Balance Sheet, the Standalone crores, due to legal disputes with regard to ownership
Statement of Profit and Loss (including other that have remained unresolved.
comprehensive income), the standalone statement of iv. The disclosures in the Standalone Financial Statements
changes in equity and the standalone statement of regarding holdings as well as dealings in specified
cash flows dealt with by this Report are in agreement bank notes during the period from November 8 2016
with the books of account. to December 30 2016 have not been made in these

d) In our opinion, the aforesaid Standalone Financial Standalone Financial Statements since they do not
Statements comply with the Ind AS specified under pertain to the financial year ended March 31 2021.
Section 133 of the Act. (C) With respect to the matter to be included in the Auditors’
e) On the basis of the written representations received Report under Section 197(16) of the Act:
from the directors and taken on record by the Board In our opinion and according to the information and
of Directors, none of the directors is disqualified as on explanations given to us, the remuneration paid by the
March 31 2021 from being appointed as a director in Company to its directors during the current year is in
terms of Section 164(2) of the Act. accordance with the provisions of Section 197 of the Act.
f) With respect to the adequacy of the internal financial The remuneration paid to any director is not in excess
controls with reference to Standalone Financial of the limit laid down under Section 197 of the Act. The
Statements of the Company and the operating Ministry of Corporate Affairs has not prescribed other details
effectiveness of such controls, refer to our separate under Section 197(16) of the Act which are required to be
Report in “Annexure B”. commented upon by us.
(B) With respect to the other matters to be included in the For B S R & Co. LLP
Auditors’ Report in accordance with Rule 11 of the Companies Chartered Accountants
(Audit and Auditors) Rules, 2014, in our opinion and to the Firm’s Registration No. 101248W/W-100022
best of our information and according to the explanations
given to us: Vijay Mathur
Partner
i. The Company has disclosed the impact of pending Mumbai Membership No: 046476
litigations as at March 31 2021 on its financial position May 03, 2021 UDIN: 21046476AAAACR4608

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