Page 204 - Tata Chemical Annual Report_2022-2023

Integrated Annual Report 2022-23 01-83 84-192 193-365
Integrated Report Statutory Reports Financial Statements
Standalone

(viii) According to the information and explanations given to us records of the Company, the Company has not made (xvi) (a) The Company is not required to be registered under Standalone Financial Statements, our knowledge of the
and on the basis of our examination of the records of the any preferential allotment or private placement of Section 45-IA of the Reserve Bank of India Act, Board of Directors and management plans and based
Company, the Company has not surrendered or disclosed shares or fully or partly convertible debentures during 1934. Accordingly, clause 3(xvi)(a) of the Order is on our examination of the evidence supporting the
any transactions, previously unrecorded as income in the the year. Accordingly, clause 3(x)(b) of the Order is not applicable. assumptions, nothing has come to our attention, which
books of account, in the tax assessments under the Income not applicable. causes us to believe that any material uncertainty exists
Tax Act, 1961 as income during the year. (b) The Company is not required to be registered under as on the date of the audit report that the Company is not
(xi) (a) Based on examination of the books and records of Section 45-IA of the Reserve Bank of India Act, capable of meeting its liabilities existing at the date of
(ix) (a) According to the information and explanations given the Company and according to the information and 1934. Accordingly, clause 3(xvi)(b) of the Order is balance sheet as and when they fall due within a period of
to us and on the basis of our examination of the explanations given to us, considering the principles not applicable. one year from the balance sheet date. We, however, state
records of the Company, the Company did not have of materiality outlined in Standards on Auditing, that this is not an assurance as to the future viability of the
any loans or borrowings from any lender during the we report that no fraud by the Company or on the (c) The Company is not a Core Investment Company (CIC) Company. We further state that our reporting is based on
year. Accordingly, clause 3(ix)(a) of the Order is not Company has been noticed or reported during the as defined in the regulations made by the Reserve the facts up to the date of the audit report and we neither
applicable to the Company. course of the audit. Bank of India. Accordingly, clause 3(xvi)(c) of the Order give any guarantee nor any assurance that all liabilities
is not applicable. falling due within a period of one year from the balance
(b) According to the information and explanations given (b) According to the information and explanations sheet date, will get discharged by the Company as and
to us and on the basis of our examination of the given to us, no report under sub-section (12) of (d) According to the information and explanations when they fall due.
records of the Company, the Company has not been Section 143 of the Act has been filed by the auditors provided to us, the Group (as per the provisions of
declared a wilful defaulter by any bank or financial in Form ADT-4 as prescribed under Rule 13 of the the Core Investment Companies (Reserve Bank) (xx) In our opinion and according to the information and
institution or government or government authority. Companies (Audit and Auditors) Rules, 2014 with the Directions, 2016) has more than one CIC as part of explanations given to us, there is no unspent amount under
Central Government. the Group. The Group has six CICs as part of the Group sub-section (5) of Section 135 of the Act pursuant to any
(c) According to the information and explanations given project. Accordingly, clauses 3(xx)(a) and 3(xx)(b) of the
to us by the management, the Company has not (c) We have taken into consideration the whistle blower (xvii) The Company has not incurred cash losses in the current Order are not applicable.
obtained any term loans during the year. Accordingly, complaints received by the Company during the year and in the immediately preceding financial year.
clause 3(ix)(c) of the Order is not applicable. while determining the nature, timing and extent of For B S R & Co. LLP
our audit procedures. (xviii) There has been no resignation of the statutory auditors Chartered Accountants
(d) According to the information and explanations given during the year. Accordingly, clause 3(xviii) of the Order is
to us and on an overall examination of the balance (xii) According to the information and explanations given to us, not applicable. Firm’s Registration No.:101248W/W-100022
sheet of the Company, we report that no funds raised the Company is not a Nidhi Company. Accordingly, clause
on short-term basis have been used for long-term 3(xii) of the Order is not applicable. (xix) According to the information and explanations given to us Vijay Mathur
purposes by the Company.
and on the basis of the financial ratios, ageing and expected Partner
(xiii) In our opinion and according to the information and dates of realisation of financial assets and payment of Mumbai, Membership No.: 046476
(e) According to the information and explanations given financial liabilities, other information accompanying the
to us and on an overall examination of the Standalone explanations given to us, the transactions with related May 3, 2023 ICAI UDIN:23046476BGYAIB8612
Financial Statements of the Company, we report that parties are in compliance with Section 177 and 188 of
the Company has not taken any funds from any entity the Act, where applicable, and the details of the related
or person on account of or to meet the obligations of party transactions have been disclosed in the Standalone
its subsidiaries, associates or joint ventures as defined Financial Statements as required by the applicable
under the Act. accounting standards.
(f) According to the information and explanations given (xiv) (a) Based on information and explanations provided
to us and procedures performed by us, we report that to us and our audit procedures, in our opinion, the
the Company has not raised loans during the year on Company has an internal audit system commensurate
the pledge of securities held in its subsidiaries, joint with the size and nature of its business.
ventures or associate companies (as defined under
the Act). (b) We have considered the internal audit reports of the
Company issued till date for the period under audit.
(x) (a) The Company has not raised any moneys by way of
initial public offer or further public offer (including (xv) In our opinion and according to the information and
debt instruments). Accordingly, clause 3(x)(a) of the explanations given to us, the Company has not entered
Order is not applicable. into any non-cash transactions with its directors
or persons connected to its directors and hence,
(b) According to the information and explanations given provisions of Section 192 of the Act are not applicable
to us and on the basis of our examination of the to the Company.

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