In line with the overall risk management framework and policies, the treasury function provides services to the business, monitors and manages
through an analysis of the exposures by degree and magnitude of risks.

‘The Company uses derivative financial instruments to hedge risk exposures in accordance with the Company's policies as approved by the board
of directors.

Market Risk

Market risk is the risk that changes in market prices, liquidity and other factors that could have an adverse effect on realizable fair values or
future cash flows to the Company. The Company's activities expose it primarily to the financial risks of changes in foreign currency exchange
rates and interest rates as future specific market changes cannot be normally predicted with reasonable accuracy

reign currency risk management:

‘The Company undertakes transactions denominated in foreign currencies and thus it is exposed to exchange rate fluctuations. The Company
actively manages its currency rate exposures, arising from transactions entered and denominated in foreign currencies, through treasury division
and uses derivative instruments such as foreign currency forward contracts to mitigate the risks from such exposures. The use of derivative
instruments is subject to limits and regular monitoring by Management. The carrying amounts of the Company's foreign currency denominated
monetary assets and monetary liabilities at the end of the reporting period are as follows.

 

 

 

 

 

 

 

 

December 312020 | _ March312020 March 312019 March 312018
Liabilities Currency | AU) Amount | AME) Amount | AUPE) Amount | AMOUR") Amount
inForeign| in Foreign] in Foreign] in Foreign]
in Rs in Rs in Rs in Rs
currency currency currency currency
usp 718| 525.03 410| 309.26 0.44 31.07 7.24| 477.38
yPY 2687 19.01 232 1.63| 36082] 229.16] 171.09] 107.02,
EUR 0.04 371 0.05 4.07 0.29 23.07 0.06 5.05
sD - - - - 0.00 0.11 0.01 0.64
Payable (trade & other) GBP 0.00 0.18 0.00 0.29 0.72 37.61 ° 2
CHF - : 0.00 0.00 0.03 219 0.00 0.00
AUD : 2 : = 3 2 : =
SEK “ 7 7 - “ 7 7
caD : 2 : : 3 2 : :
usp 6551} 478718] 49.26) 3,690.74] 59.70] 4,154.26] 49.64) 3,251.14
Borrowings (ECB and Others) JPY = - - 3 60.18 36.16
EUR 224| 200.25 285| 236.78 1.22 95.84 : :
Total Payables (A) 5,535.36 4,242.77 457331 3,877.39
Hedged by derivative contracts (B) 3339] 244008] 2790) 210194] 55.90] 3,890.04) 1450] 1,977.20
Unhedged payables (C=A-B) 3,095.29 2,140.83, 683.27 1,900.19
December 312020 | _March312020 March 312019 March 312018
Assets Currency |. a Amount |. ae Amount |. eae: Amount |. ae Amount
in Foreign) “P00 {in Foreign| “N'"" |in Foreign] "P00" jin Foreign] “i
currency currency currency currency
usp 332| 242.73 348| 262.53 464| 318.31 4.63| 297.82
Receivables EUR 0.69 61.89 0.63 52.26 1.04 79.56 134] 105.86
GBP 0.00 037 : - : : : -
Total Receivables (A) 304.99 314.79 397.88 403.68
Hedged by derivative contracts (B) : 2 5
Unhedged receivables (C=A-B) 304.99 314.79 397.88 403.68

 

 

 

 

 

 

 

 

 

 

 

 

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