Integrated Annual Report 2024-2025

Note 5.2 Other investments Face value1 As at March 31, 2025 As at March 31, 2024 Number of shares Amount (` cr) Number of shares Amount (` cr) a) Investment in equity instruments (fully paid-up) Other companies measured at FVTOCI Quoted Arvind Fashions Ltd 4 15,96,105 59.60 15,96,105 72.33 Arvind Ltd 10 41,27,471 130.08 41,27,471 111.63 Arvind SmartSpaces Ltd 10 4,12,747 29.14 4,12,747 28.80 BASF India Ltd 10 2,61,396 115.63 2,61,396 87.23 ICICI Bank Ltd 2 1,09,026 14.70 1,09,026 11.92 Novartis India Ltd 5 3,74,627 29.41 3,74,627 38.53 Pfizer Ltd 10 9,58,927 384.00 9,58,927 402.26 The Anup Engineering Ltd 10 3,05,738 106.26 1,52,869 48.27 Unquoted Bhadreshwar Vidyut Pvt Ltd5 0.19 7,95,000 - 7,95,000 - BEIL Infrastructure Ltd6 10 70,000 0.07 70,000 0.07 Narmada Clean Tech6 10 7,15,272 0.72 7,15,272 0.72 b) Investment in government or trust securities measured at amortised cost 6 Years National Savings Certificates (deposited with government departments) - 0.01 - 0.01 c) Investment in bonds measured at FVTPL (quoted) - - - 94.35 869.62 896.12 (` cr) Note 5.3 Current investments As at March 31, 2025 As at March 31, 2024 Investment in bonds measured at FVTPL (quoted) 40.59 - Investment in mutual funds measured at FVTPL (unquoted) 717.21 410.41 757.80 410.41 Aggregate amount of investments and market value thereof: (` cr) Particulars As at March 31, 2025 As at March 31, 2024 Aggregate carrying value of quoted investments3 928.23 914.14 Aggregate market value of quoted investments 909.41 901.43 Aggregate carrying value of unquoted investments 1,900.98 1,545.78 Aggregate amount of impairment in value of investments - - ¹In ` and fully paid unless otherwise stated | 2Subsidiary company by virtue of control | 3Book value includes equity component of ` 18.12 cr (March 31, 2024: ` 18.12 cr) recognised on 0% preference shares and interest free loans given to Amal Ltd carried at amortised cost | 4Loan and cumulative redeemable preference shares of ` 670.22 cr and ` 94.50 cr respectively, were converted into non-cumulative redeemable preference shares of Atul Products Ltd, as agreed upon by Atul Ltd and Atul Products Ltd during the year 2023-2024 | 5Under liquidation | 6Investments in BEIL Infrastructure Ltd and Narmada Clean Tech which are for operation purpose and the Company has to hold it till the production site continues. The Company estimates that the fair value of these investments are not materially different as compared to its cost. 180 180 Integrated Annual Report 2024-25

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