Note 29.4 (K) Terms and conditions 1. Sales to and purchases from related parties were made on normal commercial terms and conditions and at prevailing market prices or where market price is not available at cost plus margin. 2. Transactions relating to dividends were on the same terms and conditions that applied to other shareholders. Subscriptions of additional equity shares were on preferential basis. 3. All outstanding balances are repayable in cash and cash equivalent. Note 29.5 Current and deferred tax The major components of income tax expense for the years ended As at March 31, 2025, and March 31, 2024, are: a) Income tax expense recognised in the Statement of Profit and Loss: (` cr) Particulars 2024-25 2023-24 i) Current tax Current tax on profit for the year 149.68 105.49 Adjustments for current tax of prior periods (3.84) - Total current tax expense 145.84 105.49 ii) Deferred tax (Decrease) | Increase in deferred tax liabilities 16.19 20.68 Decrease | (Increase) in deferred tax assets 5.02 (1.23) Total deferred tax expense | (benefit) 21.21 19.45 Income tax expense 167.05 124.94 b) Income tax expense recognised in the other comprehensive income: (` cr) Particulars 2024-25 2023-24 i) Current tax Remeasurement gain | (loss) on defined benefit plans (0.07) 0.06 Total current tax expenses (0.07) 0.06 ii) Deferred tax Fair value of equity investment 16.22 21.22 Effective portion of gain | (loss) on cash flow hedges (0.07) (0.03) Total deferred tax expenses | (benefits) 16.15 21.19 Income tax expenses 16.08 21.25 c) T he reconciliation between the statutory income tax rate applicable to the Company and the effective income tax rate of the Company is as follows: Particulars 2024-25 2023-24 a) Statutory income tax rate 25.17% 25.17% b) Differences due to: i) Non-deductible expenses 2.30% 0.76% ii) Income tax incentives (1.37%) (1.28%) iii) Others 0.70% (0.15%) Effective income tax rate 26.80% 24.52% Note 29.4 Related party disclosures (continued) 203 203 Corporate overview Performance overview ESG overview Statutory Reports Financial Statements
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