Page 258 - Tata_Chemicals_yearly-reports-2021-22

Integrated Annual Report 2021-22

should not be communicated in our report because the adverse been furnished to us by the Management and our opinion on
consequences of doing so would reasonably be expected to the Consolidated Financial Statements, in so far as it relates
outweigh the public interest benefits of such communication. to the amounts and disclosures included in respect of this
associate and our report in terms of sub-section (3)of Section

Other Matters 143 of the Act in so far as it relates to the aforesaid associate is
(a) We did not audit the financial statements/financial based solely on such unaudited financial statements/financial
information of 29 subsidiaries, whose financial statements/ information. In our opinion and according to the information
financial information reflect total assets (before consolidation and explanations given to us by the Management, these
adjustments) of ` 22,850.54 crore as at March 31, 2022, total unaudited financial statements/financial information are not
revenues (before consolidation adjustments) of ` 7,049.07 material to the Group.
crore and net cash flows (before consolidation adjustments) Our opinion on the Consolidated Financial Statements, and our
amounting to ` 122.57 crore for the year ended on that date, report on Other Legal and Regulatory Requirements below, is
as considered in the Consolidated Financial Statements. The not modified in respect of the above matters with respect to our
Consolidated Financial Statements also include the Group’s reliance on the work done and the reports of the other auditors
share of net profit (and Other Comprehensive Income) of and the financial statements/financial information certified by the
` 329.96 crore for the year ended March 31, 2022, in respect Management.
of 3 joint ventures, whose financial statements/financial
information have not been audited by us. These financial Report on Other Legal and Regulatory
statements/financial information have been audited by Requirements
other auditors whose reports have been furnished to us 1. As required by the Companies (Auditor’s Report) Order, 2020
by the Management and our opinion on the Consolidated (“the Order”) issued by the Central Government of India in
Financial Statements, in so far as it relates to the amounts terms of Section 143 (11) of the Act, we give in the “Annexure
and disclosures included in respect of these subsidiaries and A” a statement on the matters specified in paragraphs 3 and
joint ventures, and our report in terms of sub-section (3) of 4 of the Order, to the extent applicable.

Section 143 of the Act, in so far as it relates to the aforesaid 2 (A) As required by Section 143(3) of the Act, based on
subsidiaries and joint ventures is based solely on the audit our audit and on the consideration of reports of the
reports of the other auditors.
other auditors on separate financial statements of
Certain of these subsidiaries and joint ventures are located such subsidiaries, associate and joint ventures as were
outside India whose financial statements and other financial audited by other auditors, as noted in the “Other Matters”
information have been prepared in accordance with paragraph, we report, to the extent applicable, that:
accounting principles generally accepted in their respective
countries and which have been audited by other auditors a) We have sought and obtained all the information
under generally accepted auditing standards applicable and explanations which to the best of our
in their respective countries. The Company’s management knowledge and belief were necessary for
has converted the financial statements of such subsidiaries the purposes of our audit of the aforesaid
and joint ventures located outside India from accounting Consolidated Financial Statements.
principles generally accepted in their respective countries b) In our opinion, proper books of account as
to accounting principles generally accepted in India. We required by law relating to preparation of the
have audited these conversion adjustments made by the aforesaid Consolidated Financial Statements
Company’s management. Our opinion in so far as it relates have been kept so far as it appears from our
to the balances and affairs of such subsidiaries and joint examination of those books and the reports of
ventures located outside India is based on the reports of the other auditors.
other auditors and the conversion adjustments prepared by c) The Consolidated Balance Sheet, the
the management of the Company and audited by us. Consolidated Statement of Profit and Loss
(b) The Consolidated Financial Statements also include the (including Other Comprehensive Income), the
Group’s share of net loss (and Other Comprehensive Income) Consolidated Statement of Changes in Equity
of ` Nil for the year ended March 31, 2022, as considered and the Consolidated Statement of Cash Flows
in the Consolidated Financial Statements, in respect of one dealt with by this Report are in agreement with
associate, whose financial statements/financial information the relevant books of account maintained for
have not been audited by us or by other auditors. These the purpose of preparation of the Consolidated
unaudited financial statements/financial information have Financial Statements.

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