189 Note 29.21 Relationship with struck off companies The Company does not have any transactions during the year and also does not have outstanding balance as at March 31, 2023, with companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 1956. Note 29.22 Other statutory information (required by Schedule III to the Companies Act, 2013) a) The Company has not entered into any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961. b) The Company has complied with the number of layers prescribed under Clause (87) of Section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017. c) The Company is not declared wilful defaulter by any bank or financial institution or other lender. d) The Company has not traded or invested in crypto currency or virtual currency during the financial year. e) The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets or both during the year. f) No proceedings have been initiated or are pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made there under. g) No loans or advances in the nature of loans are granted to promoters, Directors, Key Managerial Personnel and the related parties (as defined under Companies Act, 2013) either severally or jointly with any other person. h) The Company does not have any charges or satisfaction of charges which is yet to be registered with Registrar of Companies beyond the statutory period. Note 29.23 Fire incident An incident of fire occurred on April 20, 2022, in one of the plants at Atul, Gujarat. There was no fatality or injury to any person, and damage was restricted to the affected plant. The Company has written off the carrying value of the assets destroyed by fire amounting to ` 35.60 cr during the quarter ended on June 30, 2022 | year ended on March 31, 2023, by including it in other expenses. The Company has filed a claim in this regard with the insurance company which is under process. Against this claim, the Company has received an interim approval of ` 31.28 cr during the year ended on March 31, 2023, which is included in other income. The Company will claim further amounts when spent. Note 29.24 Rounding off Figure less than ` 50,000 have been shown as ‘0.00’ in the relevant notes in these Standalone Financial Statements. Note 29.25 Authorisation for issue of the Standalone Financial Statements The Standalone Financial Statements were authorised for issue by the Board of Directors on April 28, 2023. In terms of our report attached For Deloitte Haskins & Sells LLP For and on behalf of the Board of Directors Chartered Accountants T R Gopi Kannan R A Shah M M Chitale S S Lalbhai Ketan Vora (DIN:00048645) (DIN:00009851) (DIN:00101004) (DIN:00045590) Partner Whole-time Director and CFO Chairman and Managing Director L P Patni B S Mehta S A Panse S A Lalbhai Company Secretary (DIN:00035019) (DIN:02599310) (DIN:00009278) Managing Director B N Mohanan S M Datta B R Arora (DIN:00198716) (DIN:00032812) (DIN:00194168) Whole-time Director and President - U&S V S Rangan P J Banerjee Mumbai (DIN:00030248) (DIN02985965) Mumbai April 28, 2023 Directors April 28, 2023
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