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Integrated Annual Report 2021-22

Independent Auditor’s Report

To the Members of Tata Chemicals Limited Basis for Opinion
We conducted our audit in accordance with the Standards
Report on the Audit of the Consolidated Financial on Auditing (SAs) specified under Section 143(10) of the Act.
Statements Our responsibilities under those SAs are further described in
Opinion the Auditor’s Responsibilities for the Audit of the Consolidated
We have audited the Consolidated Financial Statements of Financial Statements section of our report. We are independent
Tata Chemicals Limited (hereinafter referred to as the “Holding of the Group, its associate and joint ventures in accordance with
Company”) and its subsidiaries (Holding Company and its the ethical requirements that are relevant to our audit of the
subsidiaries together referred to as “the Group”) its associate Consolidated Financial Statements in terms of the Code of Ethics
and its joint ventures, which comprise the Consolidated Balance issued by the Institute of Chartered Accountants of India and the
Sheet as at March 31, 2022, and the Consolidated Statement relevant provisions of the Act, and we have fulfilled our other
of Profit and Loss (including Other Comprehensive Income), ethical responsibilities in accordance with these requirements.
Consolidated Statement of Changes in Equity and Consolidated We believe that the audit evidence obtained by us along with
Statement of Cash Flows for the year then ended, and notes to the consideration of reports of other auditors referred to in
the Consolidated Financial Statements, including a summary of paragraph (a) of the “Other Matters” section below, is sufficient and
significant accounting policies and other explanatory information appropriate to provide a basis for our opinion on the Consolidated
(hereinafter referred to as “the Consolidated Financial Statements”). Financial Statements.
In our opinion and to the best of our information and according
to the explanations given to us, and reports of other auditors on Key Audit Matters
separate financial statements of such subsidiaries, associate, joint Key audit matters are those matters that, in our professional
ventures as were audited by the other auditors, the aforesaid judgment and based on the consideration of reports of other
Consolidated Financial Statements give the information required auditors on separate financial statements of components audited
by the Companies Act, 2013 (“Act”) in the manner so required by them, were of most significance in our audit of the Consolidated
and give a true and fair view in conformity with the accounting Financial Statements of the current period. These matters were
principles generally accepted in India, of the Consolidated state of addressed in the context of our audit of the Consolidated Financial
affairs of the Group, its associate and joint ventures as at March 31, Statements as a whole, and in forming our opinion thereon, and
2022, of its Consolidated Profit and Other Comprehensive Income, we do not provide a separate opinion on these matters.
Consolidated Changes in Equity and Consolidated Cash Flows for
the year then ended.

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