Page 251 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
REPORT
STATEMENTS
REPORTS
Standalone

42(b). Note on Ultimate Beneficiaries
No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds)
by the Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”) with the understanding, whether
recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate
Beneficiaries).
The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company shall whether,
directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company (“Ultimate Beneficiaries”) or
provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
42(c). Borrowing based on security of current assets
The Company has obtained borrowings from bank on basis of security of current assets wherein the quarterly returns/ statements of
current assets as filed with bank are in agreement with the books except below:
` in crore
As reported in
As per the
Financial Year Quarter Name of Bank Securities Books of the Quarterly Difference Reason for material
ended ended Return discrepancies
Accounts
Statement
March 31, 2021 Mar-21 1 Bank of Baroda, Inventories 476.66 476.85 (0.19) Inventory as per final accounts
Mumbai approved by Board
March 31, 2021 Dec-20 2 State Bank of India, Inventories 408.02 403.89 4.13 Inventories of new businesses
Mumbai which are in incubation / nascent
3 Citibank N.A, stages were not included
March 31, 2021 Sep-20 Mumbai Inventories 504.59 467.65 36.94 Inventories of new businesses
4 Bank of America, which are in incubation / nascent
Mumbai stages were not included
March 31, 2021 Jun-20 5 HDFC Bank Limited, Inventories 624.70 596.52 28.18 Inventories of new businesses
Mumbai which are in incubation / nascent
6 Standard Chartered stages were not included
Bank, Mumbai
7 Hongkong &
Shanghai Banking
Corporation,
Mumbai
8 ICICI Bank Limited,
Mumbai
9 Kotak Mahindra
Bank, Mumbai
43. Approval of Standalone Financial Statements
The Standalone Financial Statements were approved for issue by the board of directors on April 29, 2022.

Notes 1 to 43 are integral part of these Standalone Financial Statements
As per our report of even date attached For and on behalf of the Board
For B S R & Co. LLP N. Chandrasekaran Chairman
Chartered Accountants (DIN: 00121863) Director
Padmini Khare Kaicker
Firm’s Registration No: 101248W/W - 100022 (DIN: 00296388)
R. Mukundan Managing Director and CEO
Vijay Mathur (DIN: 00778253)
Partner Nandakumar S. Tirumalai Chief Financial Officer
(ICAI M. No.: 203896)
Membership No. 046476 Rajiv Chandan General Counsel & Company Secretary
Mumbai, April 29, 2022 (ICSI M. No.: FCS 4312)

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