Page 341 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
STATEMENTS
REPORTS
REPORT
Consolidated

49(b). Borrowing based on security of current assets
The Company and a subsidiary in India have 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:
Particulars ` in crore
As reported
As per
Financial Year Quarter the in the Reason for material
Entity Name of Bank Securities Quarterly Difference
ended ended Books of Return discrepancies
Accounts
Statement
Tata March 31, 2021 Mar-21 1 Bank of Baroda, Mumbai Inventories 476.66 476.85 (0.19) Inventory as per final
Chemicals 2 State Bank of India, accounts approved by
Limited Mumbai Board
Tata March 31, 2021 Dec-20 3 Citibank N.A, Mumbai Inventories 408.02 403.89 4.13 Inventories of new
Chemicals businesses which are
Limited 4 Bank of America, in incubation / nascent
Mumbai
stages were not included
Tata March 31, 2021 Sep-20 5 HDFC Bank Limited, Inventories 504.59 467.65 36.94 Inventories of new
Chemicals Mumbai businesses which are
Limited 6 Standard Chartered in incubation / nascent
Bank, Mumbai stages were not included
Tata March 31, 2021 Jun-20 7 Hongkong & Shanghai Inventories 624.70 596.52 28.18 Inventories of new
Chemicals Banking Corporation, businesses which are
Limited Mumbai in incubation / nascent
8 ICICI Bank Limited, stages were not included
Mumbai
9 Kotak Mahindra Bank,
Mumbai
Rallis India March 31, 2021 Jun-20 Consortium of Banks Inventories 675.77 673.47 2.30 Inventory as per final
Limited consisting of ICICI Bank, accounts approved by
Citi Bank, HDFC Bank, BNP Board
Paribas, Corporation Bank and
Axis Bank as led by State Bank
of India.

50. Approval of Consolidated Financial Statements
These Consolidated Financial Statements were approved for issue by the Board of Directors on April 29, 2022.

Notes 1 to 50 are integral part of these Consolidated 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
Membership No. 046476 (ICAI M. No.: 203896) General Counsel & Company Secretary
Rajiv Chandan
Mumbai, April 29, 2022 (ICSI M. No.: FCS 4312)

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