Note 29.6 Employee benefit obligations Funded schemes a) Defined benefit plans Gratuity T he Company operates a gratuity plan through the Atul Ltd Employees Gratuity Fund. Every employee is entitled to a benefit equivalent to the last drawn salary of 15 days for each completed year of service in line with the Payment of Gratuity Act, 1972 or the Company scheme, whichever is more beneficial. Gratuity is payable at the time of separation or retirement from the Company, whichever is earlier. The benefit vests after five years of continuous service. (` cr) Particulars Present value of obligation Fair value of plan assets Net amount As at March 31, 2023 61.01 (61.01) - Current service cost 4.17 - 4.17 Interest expense | (income) 4.48 (4.48) - Total amount recognised in profit and loss 8.65 (4.48) 4.17 Remeasurement (Gain) | loss from changes in demographic assumptions (0.35) - (0.35) (Gain) from change in financial assumptions 1.39 (0.05) 1.34 Experience loss (1.24) - (1.24) Total amount recognised in other comprehensive income (0.20) (0.05) (0.25) Employer contributions - (3.92) (3.92) Benefit payments (5.98) 5.98 - Liability transferred (out) | in (0.16) 0.16 - As at March 31, 2024 63.32 (63.32) - Current service cost 4.42 - 4.42 Interest expense | (income) 4.54 (4.54) - Total amount recognised in profit and loss 8.96 (4.54) 4.42 Remeasurement (Gain) | loss from changes in demographic assumptions 2.12 2.12 (Gain) from change in financial assumptions 0.51 0.06 0.57 Experience loss (2.43) - (2.43) Total amount recognised in other comprehensive income 0.20 0.06 0.26 Employer contributions (4.68) (4.68) Benefit payments (6.27) 6.27 - Liability transferred (out) | in 0.02 (0.02) - As at March 31, 2025 66.23 (66.23) - The net liability disclosed above relates to the following funded and unfunded plans: (` cr) Particulars As at March 31, 2025 As at March 31, 2024 Present value of funded obligations 66.23 63.32 Fair value of plan assets (66.23) (63.32) Deficit of gratuity plan - - 205 205 Corporate overview Performance overview ESG overview Statutory Reports Financial Statements
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