Page 275 - Tata Chemical Annual Report_2022-2023

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

below, is not modified in respect of the above matter with b. In our opinion, proper books of account as a. The Consolidated Financial Statements disclose (ii) The respective management of the
respect to our reliance on the work done and the reports required by law relating to preparation of the the impact of pending litigations as at March Holding Company and its subsidiary
of the other auditors. aforesaid Consolidated Financial Statements 31, 2023 on the consolidated financial position companies incorporated in India whose
have been kept so far as it appears from our of the Group, its associate and joint ventures. financial statements/financial information
b. The Consolidated Financial Statements include the Group’s examination of those books and the reports of Refer Note 21 and 47 to the Consolidated have been audited under the Act have
share of net loss (and Other Comprehensive Income) of ` 77 the other auditors. Financial Statements. represented to us that, to the best of their
crore for the year ended March 31, 2023, as considered in the knowledge and belief, as disclosed in the
Consolidated Financial Statements, in respect of an associate c. The Consolidated Balance Sheet, the b. Provision has been made in the Consolidated Note 49(a) to the Consolidated Financial
and a joint venture, whose financial statements/financial Consolidated Statement of Profit and Loss Financial Statements, as required under the Statements, no funds have been received
information have not been audited by us or by other auditors. (including Other Comprehensive Income), the applicable law or Ind AS, for material foreseeable by the Holding Company or subsidiary
losses, on long-term contracts including
companies incorporated in India from
These unaudited financial statements/financial information Consolidated Statement of Changes in Equity derivative contracts. Refer Note 20 and 43 to the any person(s) or entity(ies), including
have been furnished to us by the Management and our and the Consolidated Statement of Cash Flows Consolidated Financial Statements in respect of foreign entities (“Funding Parties”), with
opinion on the Consolidated Financial Statements, in so dealt with by this Report are in agreement with such items as it relates to the Group, its associate the understanding, whether recorded
far as it relates to the amounts and disclosures included in the relevant books of account maintained for and joint ventures. in writing or otherwise, that the Holding
respect of this associate and joint venture, and our report in the purpose of preparation of the Consolidated Company or subsidiary companies
terms of sub-section (3) of Section 143 of the Act in so far as Financial Statements. c. There has been no delay in transferring amounts incorporated in India shall directly or
it relates to the aforesaid associate and joint venture, is based to the Investor Education and Protection Fund indirectly, lend or invest in other persons
solely on such unaudited financial statements / financial d. In our opinion, the aforesaid Consolidated by the Holding Company or its subsidiary or entities identified in any manner
information. In our opinion and according to the information Financial Statements comply with the Ind AS company incorporated in India during the year whatsoever by or on behalf of the Funding
and explanations given to us by the Management, these specified under Section 133 of the Act. ended March 31, 2023 except for ` 0.69 crore Parties (“Ultimate Beneficiaries”) or provide
financial statements/financial information are not material due to legal disputes with regard to ownership any guarantee, security or the like on
to the Group. e. On the basis of the written representations that have remain unchanged. behalf of the Ultimate Beneficiaries.
received from the directors of the Holding
Our opinion on the Consolidated Financial Statements, and Company as on March 31, 2023 taken on d (i) The respective management of the (iii) Based on the audit procedures that
our report on Other Legal and Regulatory Requirements record by the Board of Directorsof the Holding Holding Company and its subsidiary have been considered reasonable
below, is not modified in respect of this matter with respect Company and the reports of the statutory companies incorporated in India whose and appropriate in the circumstances
financial statements/financial information
to the financial statements/financial information certified by auditors of its subsidiary company incorporated have been audited under the Act have performed by us, nothing has come to our
the Management. in India incorporated in India, none of the represented to us that, to the best of or other auditor notice that has caused
directors of the Group companies incorporated their knowledge and belief, as disclosed us or the other auditor to believe that the
Report on Other Legal and Regulatory in India is disqualified as on March 31, 2023 from in the Note 49(a) to the Consolidated representations under sub-clause (i) and (ii)
Requirements being appointed as a director in terms of Section Financial Statements, no funds have been of Rule 11(e), as provided under (i) and (ii)
above, contain any material misstatement.
1. As required by the Companies (Auditor’s Report) Order, 164(2) of the Act. advanced or loaned or invested (either
2020 (“the Order”) issued by the Central Government of from borrowed funds or share premium e. The final dividend paid by the Holding Company
India in terms of Section 143(11) of the Act, we give in f. With respect to the adequacy of the internal or any other sources or kind of funds) and its subsidiary company incorporated in India
the “Annexure A” a statement on the matters specified in financial controls with reference to financial by the Holding Company or subsidiary during the year, in respect of the same declared
paragraphs 3 and 4 of the Order, to the extent applicable. statements of the Holding Company and companies incorporated in India to or in for the previous year, is in accordance with
its subsidiary companies and the operating any other person(s) or entity(ies), including Section 123 of the Act to the extent it applies to
2 A. As required by Section 143(3) of the Act, based on effectiveness of such controls, refer to our foreign entities (“Intermediaries”), with payment of dividend.
our audit and on the consideration of reports of the separate Report in “Annexure B”. the understanding, whether recorded in
other auditors on separate financial statements of writing or otherwise, that the Intermediary As stated in Note 17.6 to the Consolidated
such subsidiaries and joint ventures as were audited B. With respect to the other matters to be included in shall directly or indirectly lend or invest Financial Statements, the respective Board
by other auditors, as noted in the “Other Matters” the Auditor’s Report in accordance with Rule 11 of in other persons or entities identified in of Directors of the Holding Company and its
subsidiary company incorporated in India have
any manner whatsoever by or on behalf
paragraph, we report, to the extent applicable, that: the Companies (Audit and Auditors) Rules, 2014, in of the Holding Company or subsidiary proposed final dividend for the year which
our opinion and to the best of our information and companies incorporated in India is subject to the approval of the respective
a. We have sought and obtained all the according to the explanations given to us and based (“Ultimate Beneficiaries”) or provide any members at the ensuing Annual General
information and explanations which to the best on the consideration of the reports of the other guarantee, security or the like on behalf of Meeting. The dividend declared is in accordance
of our knowledge and belief were necessary auditors on separate financial statements of the the Ultimate Beneficiaries. with Section 123 of the Act to the extent it
for the purposes of our audit of the aforesaid subsidiaries and joint ventures, as noted in the “Other applies to declaration of dividend.
Consolidated Financial Statements. Matters” paragraph:

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