 

 

 

 

 

 

 

 

 

 

 

[Short term borrowings 0.03} 0.03} -| -| -|
|Capital creditors 9.48 9.48 z -| -|
\Others 5.78) 5.78| -| -| +
[Total 2,431.21 780.54 1,089.22) 561.45] -|

 

For further information on our capital and other commitments, see “Financial Information” on page 218.
CAPITAL EXPENDITURES

In Fiscal 2019, Fiscal 2020, and Fiscal 2021 and in the three months ended June 30, 2020 and June 30, 2021, our
capital expenditure towards additions to fixed assets (property, plant and equipment’s and intangible assets) and
capital work-in-progress (net additions/transfers) were % 264.96 million, = 285.04 million, = 100.29 million, =
3.33 million and 2 11.96 million, respectively. The following table sets forth our fixed assets for the periods
indicated:

 

 

 

 

 

 

Three Months | Three Months

Particulars Fiscal 2019 Fiscal 2020 Fiscal 2021 ended June ended June
30, 2020 30, 2021
(million)

Property, plant and BERG R008 oia8 0.64 17.08
equipment
Intangible Assets 4.44 4.06 0.95 : :
Capital Work in Progress 2.45 Bio sot 2.69 (6.12)
(net additions/transfers)
Total 264.96 285.04 100.29 3.33 11.96

 

 

 

 

 

 

 

 

For further information, see “Financial Information” on page 218.
RELATED PARTY TRANSACTIONS

We enter into various transactions with related parties in the ordinary course of business. These transactions
principally include remuneration to executive Directors and Key Managerial Personnel, loan written off, advances
given, sale of finished goods and subcontracting charges. For further information relating to our related party
transactions, see “Financial Information — Note 39: Related party disclosures” on page 253.

In Fiscals 2019, 2020 and 2021 and in the three months ended June 30, 2020 and June 30, 2021, the aggregate
amount of such related party transactions was 2 141.71 million, = 47.58 million, = 43.85 million, = 10.96 million
and % 11.62 million, respectively. The percentage of the aggregate value of such related party transactions to our
revenue from operations in Fiscals 2019, 2020 and 2021 and in the three months ended June 30, 2020 and June
30, 2021was 4.97%, 1.21%, 1.75%, 10.64% and 3.75%, respectively.

AUDITOR’S OBSERVATIONS

There have been no reservations/ qualifications or adverse remarks/ emphasis of matter highlighted by our
statutory auditors in their auditor’s reports on the audited financial statements as of and for the years ended March
31, 2019, 2020 and 2021 and in the three months ended June 30, 2020 and June 30, 2021.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Market Risk

We are exposed to various types of market risks during the normal course of business. Market risk is the risk that
the future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk
comprises three types of risk: Currency risk, interest risk and other price risk. The objective of market risk
management is to manage and control market risk exposures within acceptable parameters, while optimising the
return.

Product Price Risk

Product price increases which are not in line with the levels of customers discretionary spends, may affect the
sales volumes. In such a scenario, the risk is managed by offering judicious discounts to customers to sustain

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