Page 359 - Tata Chemical Annual Report_2022-2023

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

45. Related Party Disclosure (b) Transactions with Related parties (as defined under Ind AS 24) during the year ended March 31, 2023 and
(a) Related parties and their relationship (as defined under Ind AS 24 Related Party Disclosures) balances outstanding as at March 31, 2023
` in crore
i. Joint Ventures Joint Ventures of Tata Chemicals Limited Promoter Subsidiaries And Joint Other KMP Total
Direct ventures of Tata Sons Related
Particulars Indo Maroc The Block Salt Tata Tata Sons Tata Other parties
Indo Maroc Phosphore S.A., Morocco Phosphore S. A. Company Ltd. Industries Private Consultancy Entities
Tata Industries Limited Ltd. Limited Services Ltd.
Transactions with related parties
Indirect
Investments redeemed - - - - - (150) - - (150)
The Block Salt Company Limited, United Kingdom (Holding by New Cheshire Salt Works Limited) - - - - - - - - -
ii. Associate Purchase of goods (includes stock in transit) - net - - - - - 148 - - 148
- - - - - 1 - - 1
Indirect Sales - - - - - 1 - - 1
JOil (S) Pte. Ltd and its subsidiaries (Holding by Tata Chemicals International Pte. Limited) - 2 - - - - - - 2
Other Services - expenses (net of - - 1 35 21 9 - - 66
iii. Key Management Personnel (‘KMP’)
reimbursements) - - - 22 20 7 - 49
Mr. R. Mukundan, Managing Director and CEO Other Services - Income - - - - - 2 - - 2
Mr. Zarir Langrana, Executive Director - - - - - 2 - - 2
Dividend received 92 - - 10 - 4 - - 106
iv. Promoter 28 - - 10 - 2 - - 40
Tata Sons Private Limited, India Miscellaneous purchases/services - - - - - 8 - - 8
- - - - - 6 - - 6
v. Other Related Parties @ Dividend paid - - - 102 - 19 - - 121
TATA AIG General Insurance Company Limited Tata Teleservices (Maharashtra) Limited - - - 81 - 15 - - 96
Investment in perpetual instrument - - - - - 150 - - 150
Tata Autocomp Systems Limited Tata International Singapore PTE Ltd
- - - - - - - - -
Tata International Limited Tata Elxsi Limited Interest received - - - - - 15 - - 15
Tata Consultancy Services Limited Carbon Disclosure Project India - - - - - 15 - - 15
Contributions to employee benefit trusts / - - - - - - 47 - 47
TATA AIA Life Insurance Company Limited Tata Medical and Diagnostics Limited Other Employees' Related Expenses - - - - - - 47 - 47
Tata Consulting Engineers Limited Tata Chemicals Ltd Provident Fund Compensation to KMPs
Short-term employee benefits - - - - - - - 13 13
Infiniti Retail Limited Tata Chemicals Ltd Emp Pension Fund - - - - - - - 11 11
AirAsia India Limited Tata Chemicals Superannuation Fund Post-employment benefits - - - - - - - 15 15
- - - - - - - (1) (1)
Tata Teleservices Limited Tata Chemicals Employees Gratuity Trust
Balances due from/to related parties
Tata Realty and Infrastructure Limited TCL Employees Gratuity Fund Amount receivables / advances /balances
Tata Investment Corporation Limited Taj Air Limited As at March 31, 2023 - 3 - 3 - 152 5 - 163
As at March 31, 2022 - 4 - - - 1 3 - 8
Ewart Investments Limited Tata Advanced Systems Limited Deposit - Receivable/(payable)
Ecofirst Services Limited Tata Play Limited (formerly Tata Sky Limited) As at March 31, 2023 - - - - - (1) - - (1)
As at March 31, 2022 - - - - - (1) - - (1)
Tata Autocomp Hendrickson Suspensions Private Limited Rallis India Limited Provident Fund
Amount payables (in respect of goods
Tata SmartFoodz Limited Rallis India Limited Management Staff Gratuity Fund purchased and other services)
As at March 31, 2023 - - 1 11 2 82 - 6 102
Tata SIA Airlines Limited Rallis India Limited Senior Assistants Super
Annuation Scheme As at March 31, 2022 - - - 8 2 1 3 5 19
Interest Accrual
Tata Communications Limited Rallis Executive Staff Super Annuation Fund As at March 31, 2023 - - - - - 3 - - 3
As at March 31, 2022 - - - - - - - - -
Tata Communications Collaboration Services Rallis India Limited Non-Management Staff Gratuity Fund
Private Limited Footnotes:
@
The above list includes the Companies with whom Tata Chemicals Limited has entered into the transactions during the course of the year. The figures in light print are for previous year. As the company is presenting financial statement in ` crore, hence, transaction/balances
above ` 0.50 crore have been disclosed in above statement.
1. For Investment in related parties as at March 31 2023refer Note 9(a).

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