Page 267 - Tata Chemical Annual Report_2022-2023

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

43. Approval of Standalone Financial Statements Independent Auditor’s Report
The Standalone Financial Statements were approved for issue by the board of directors on May 3, 2023.

Notes 1 to 43 are an integral part of these Standalone Financial Statements For and on behalf of the Board
As per our report of even date attached
For B S R & Co. LLP N. Chandrasekaran Chairman To the Members of Tata Chemicals Limited Basis for Opinion
Chartered Accountants (DIN: 00121863)
Firm's Registration No: 101248W/W - 100022 Padmini Khare Kaicker Director We conducted our audit in accordance with the Standards
(DIN: 00296388) Report on the Audit of the Consolidated Financial on Auditing (SAs) specified under Section 143(10) of
R. Mukundan Managing Director and CEO Statements
(DIN: 00778253) the Act. Our responsibilities under those SAs are further
Vijay Mathur Nandakumar S. Tirumalai Chief Financial Officer Opinion described in the Auditor’s Responsibilities for the Audit
Partner (ICAI M. No.: 203896) of the Consolidated Financial Statements section of our
Membership No. 046476 Rajiv Chandan Chief General Counsel & Company Secretary We have audited the Consolidated Financial Statements of
Mumbai, May 3, 2023 (ICSI M. No.: FCS 4312) Tata Chemicals Limited (hereinafter referred to as the “Holding report. We are independent of the Group, its associate and
Company”) and its subsidiaries (Holding Company and its joint ventures in accordance with the ethical requirements
subsidiaries together referred to as “the Group”), its associate that are relevant to our audit of the Consolidated Financial
and its joint ventures, which comprise the Consolidated Balance Statements in terms of the Code of Ethics issued by the
Sheet as at March 31, 2023, and the Consolidated Statement Institute of Chartered Accountants of India and the relevant
of Profit and Loss (including Other Comprehensive Income), provisions of the Act, and we have fulfilled our other ethical
Consolidated Statement of Changes in Equity and Consolidated responsibilities in accordance with these requirements. We
Statement of Cash Flows for the year then ended, and notes to believe that the audit evidence obtained by us along with
the Consolidated Financial Statements, including a summary the consideration of reports of the other auditors referred
of significant accounting policies and other explanatory to in paragraph (a) of the “Other Matters” section below, is
information (hereinafter referred to as “the Consolidated sufficient and appropriate to provide a basis for our opinion
Financial Statements”). on the Consolidated Financial Statements.

In our opinion and to the best of our information and according Key Audit Matters
to the explanations given to us, and based on the consideration Key audit matters are those matters that, in our professional
of reports of the other auditors on separate financial statements judgment and based on the consideration of reports of other
of such subsidiaries and joint ventures as were audited by the auditors on separate financial statement of components
other auditors, the aforesaid Consolidated Financial Statements audited by them, were of most significance in our audit of
give the information required by the Companies Act, 2013 the Consolidated Financial Statements of the current period.
(“Act”) in the manner so required and give a true and fair view in These matters were addressed in the context of our audit of the
conformity with the accounting principles generally accepted in Consolidated Financial Statements as a whole, and in forming
India, of the consolidated state of affairs of the Group, its associate our opinion thereon, and we do not provide a separate opinion
and joint ventures as at March 31, 2023, of its Consolidated Profit on these matters.
and Loss and Other Comprehensive Loss, Consolidated Changes
in Equity and Consolidated Cash Flows for the year then ended.

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