120 Annual Report 2023-24 Atul Ltd (` cr) Particulars 2023-24 2022-23 C CASH FLOW FROM FINANCING ACTIVITIES Disbursements | (Repayments) of current borrowings (net ) 5.10 (67.52) Interest paid (2.25) (2.11) Dividend on equity shares (73.78) (95.92) Buy-back of equity shares (including transaction cost ) (61.83) (86.69) Net cash used in financing activities C (132.76) (252.24) Net increase | (decrease) in cash and cash equivalents A+B+C 8.18 (17.77) Cash and cash equivalents at the beginning of the year 0.16 17.93 Cash and cash equivalents at the end of the year (refer Note 11) 8.34 0.16 Notes: i) T he above Statement of Cash Flows has been prepared under the ‘Indirect Method’ as set out in the Ind AS 7 on the Statement of Cash Flows as notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended. ii) R econciliation of changes in liabilities arising from financing activities. (` cr) Particulars 2023-24 2022-23 Borrowing at the beginning of the year 5.42 72.94 (Repayment ) | Disbursement 5.10 (67.52) Interest expense 0.03 0.18 Interest paid (0.03) (0.18) Borrowing as at the end of the year 10.52 5.42 iii) L oan 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 Product Ltd during the year. The accompanying Notes 1-29 form an integral part of the Standalone Financial Statements. Standalone Statement of Cash Flows for the year ended on March 31, 2024 In terms of our report attached For Deloitte Haskins & Sells LLP For and on behalf of the Board of Directors Chartered Accountants T R Gopi Kannan M M Chitale P J Banerjee S S Lalbhai Ketan Vora (DIN:00048645) (DIN:00101004) (DIN:02985965) (DIN:00045590) Partner Whole-time Director and CFO Chairman and Managing Director L P Patni S A Panse R R Iyer S A Lalbhai Company Secretary (DIN:02599310) (DIN: 00474407) (DIN:00009278) Managing Director B N Mohanan B R Arora S D Abhyankar (DIN:00198716) (DIN:00194168) (DIN: 00108866) Whole-time Director and President - U&S S A Shah Mumbai (DIN: 00058019) Mumbai April 26, 2024 Directors April 26, 2024
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