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Integrated Annual Report 2020-21

accordance with the POSH Act. The Company has a detailed Pursuant to the provisions of Section 136 of the Act, the
policy for prevention of sexual harassment at workplace Financial Statements of the Company, Consolidated Financial
which ensures a free and fair enquiry process with clear Statements along with relevant documents and separate
timelines for resolution. annual accounts in respect of subsidiaries are available on
the website of the Company.
No complaints were pending at the beginning of the year.
During the year under review, two concerns were reported The annual accounts of the subsidiaries and related
which were investigated and appropriate action was taken. detailed information will be made available to investors
No complaint was pending as at the end of the financial year. seeking information till the date of the AGM. They are
also available on the website of the Company at
To build awareness in this area, the Company has been https://www.tatachemicals.com/Investors/ AGM-documents.
conducting awareness sessions during induction,
periodically through online modules and webinars (no 19. Subsidiary Companies and Joint Ventures
classroom trainings were conducted due to Covid-19).
Awareness sessions were conducted with permanent As on March 31, 2021, the Company had 33 (direct and
employees, third-party employees and contract workmen. indirect) subsidiaries (2 in India and 31 overseas) and 4 joint
A special virtual awareness programme was organised for ventures. There has been no material change in the nature of
all the employees of the Company through webinar on the business of the subsidiaries.
POSH in July 2020. There were following changes pertaining to subsidiaries
during the year under review:
17. Particulars of Loans, Guarantees and
Investments • The Hon’ble National Company Law Tribunal (‘NCLT’),
Mumbai Bench on April 23, 2020 approved the
The Company has not given any loans during the year under Scheme of Merger by Absorption of Bio Energy
review. The Company has made an investment of ` 150 crore Venture-1 (Mauritius) Pvt. Ltd. ('Bio-1'), a wholly owned
in Non-Convertible Debentures (NCDs) and ` 40 crore in subsidiary, with the Company with an Appointed
equity shares through rights issue of Tata International Date of April 1, 2019. The Registrar of Companies at
Limited. Mauritius removed the name of Bio-1 from the register
of companies w.e.f. June 1, 2020 and accordingly,
The Company also invested ` 9 crore in Tata Steel Limited
(‘Tata Steel’) wherein the partly paid shares of Tata Steel Bio-1 has ceased to be a subsidiary of the Company
were converted to fully paid shares. The Company sold with effect from the said date
12,85,110 shares in Tata Teleservices Limited (book value: • The NCLT, Mumbai Bench also approved the
Nil). During the year under review, the Company has Scheme of Arrangement between Zero Waste
provided additional corporate guarantee of US$ 34.2 million Agro-Organics Limited, a wholly-owned subsidiary
to Homefield Private UK Limited, £ 96 million to Natrium of Rallis (‘Zero Waste’) and Rallis (‘Scheme’) on
Holdings Limited and £ 9.6 million to Tata Chemicals February 22, 2020 from the Appointed Date of
Europe Limited, subsidiaries of the Company. April 1, 2017. The Effective Date of the Scheme is
July 9, 2020. Accordingly, Zero Waste has ceased to be a
Details of loans, guarantees and investments covered under subsidiary of the Company with effect from the said date
the provisions of Section 186 of the Act are given in the notes
to the Financial Statements. • Rallis Chemistry Exports Limited, a wholly owned
subsidiary of Rallis (‘RCEL’) has been struck-off
18. Consolidated Financial Statements from the register of companies with effect from
March 29, 2021 consequent to the voluntary
The Consolidated Financial Statements of the Company and striking-off application filed by it with the Registrar
its subsidiaries for FY 2020-21 are prepared in compliance of Companies, Maharashtra, Mumbai. Accordingly,
with the applicable provisions of the Act and as stipulated RCEL has ceased to be a subsidiary of the Company
under Regulation 33 of the SEBI Listing Regulations as well as with effect from the said date
in accordance with the Indian Accounting Standards notified
under the Companies (Indian Accounting Standards) Rules, • PT Metahelix LifeSciences Indonesia, a subsidiary
2015. The Audited Consolidated Financial Statements of Rallis received approval for the cancellation of its
together with the Auditor’s Report thereon forms part of this Company Registration Number and revocation of
Integrated Annual Report. its business licence with effect from March 19, 2021.

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