Page 224 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Annual Report 2020-21

of ` Nil for the year ended March 31, 2021, as considered in e) On the basis of the written representations received from the
the Consolidated Financial Statements, in respect of one joint directors of the Holding Company and taken on record by the
venture, whose Financial Statements/financial information Board of Directors of the Holding Company and the reports
have not been audited by us or by other auditors. These of the statutory auditors of its subsidiary companies and joint
unaudited Financial Statements/financial information have ventures incorporated in India, none of the directors of the
been furnished to us by the Management and our opinion Group companies and joint ventures incorporated in India is
on the Consolidated Financial Statements, in so far as it disqualified as on March 31, 2021 from being appointed as a
relates to the amounts and disclosures included in respect of director in terms of Section 164(2) of the Act.
this joint venture and our report in terms of sub-section (3)
of Section 143 of the Act in so far as it relates to the aforesaid f) With respect to the adequacy of the internal financial
joint venture is based solely on such unaudited Financial controls with reference to Consolidated Financial Statements
Statements/financial information. In our opinion and of the Holding Company, its subsidiary companies and
according to the information and explanations given to us joint ventures incorporated in India and the operating
by the Management, these unaudited Financial Statements/ effectiveness of such controls, refer to our separate Report in
financial information are not material to the Group. “Annexure A”.
A. With respect to the other matters to be included in the
Our opinion on the Consolidated Financial Statements, and our
report on Other Legal and Regulatory Requirements below, is Auditor’s Report in accordance with Rule 11 of the Companies
not modified in respect of the above matters with respect to our (Audit and Auditor’s) Rules, 2014, in our opinion and to the
reliance on the work done and the reports of the other auditors best of our information and according to the explanations
and the Financial Statements/financial information certified by the given to us and based on the consideration of the reports of
Management. the other auditors on separate Financial Statements of the
subsidiaries and joint ventures, as noted in the ‘Other Matters’
Report on Other Legal and Regulatory Requirements paragraph:
As required by Section 143(3) of the Act, based on our audit and i. The Consolidated Financial Statements disclose the
on the consideration of reports of the other auditors on separate impact of pending litigations as at March 31, 2021
Financial Statements of such subsidiaries and joint ventures as on the consolidated financial position of the Group
were audited by other auditors, as noted in the ‘Other Matters’ and its joint ventures. Refer Notes 21 and 47.1 to the
paragraph, we report, to the extent applicable, that: Consolidated Financial Statements.

a) We have sought and obtained all the information and ii. Provision has been made in the Consolidated Financial
explanations which to the best of our knowledge and belief Statements, as required under the applicable law or
were necessary for the purposes of our audit of the aforesaid Ind AS, for material foreseeable losses, on long-term
Consolidated Financial Statements. contracts including derivative contracts. Refer Note 20
to the Consolidated Financial Statements in respect
b) In our opinion, proper books of account as required by of such items as it relates to the Group and its joint
law relating to preparation of the aforesaid Consolidated ventures.
Financial Statements have been kept so far as it appears from
our examination of those books and the reports of the other iii. There has been no delay in transferring amounts to
auditors. the Investor Education and Protection Fund by the
Holding Company or its subsidiary companies and
c) The Consolidated Balance Sheet, the consolidated statement joint ventures incorporated in India, except for Rs 0.55
of profit and loss (including other comprehensive income), crores, due to legal disputes with regard to ownership
the consolidated statement of changes in equity and that have remained unresolved.
the consolidated statement of cash flows dealt with by
this Report are in agreement with the relevant books of iv. The disclosures in the Consolidated Financial
account maintained for the purpose of preparation of the Statements regarding holdings as well as dealings in
Consolidated Financial Statements. specified bank notes during the period from November
8 2016 to December 30 2016 have not been made in
d) In our opinion, the aforesaid Consolidated Financial the Consolidated Financial Statements since they do
Statements comply with the Ind AS specified under section not pertain to the financial year ended March 31, 2021.
133 of the Act.

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