Corporate Overview Statutory Reports Financial Statements 145 Note 17 Borrowings (` cr) Particulars Maturity Terms of repayment Interest rate p.a. As at March 31, 2024 As at March 31, 2023 Noncurrent Current Noncurrent Current Secured Cash credit loan from banks repayable on demand Short-term Repayable on demand 8.60% to 9.45% (March 31, 2023: 9.00% to 9.25%) - 10.52 - 5.41 - 10.52 - 5.41 a) Security details: Working capital loans repayable on demand from banks (March 31, 2024: ` 10.52 cr, March 31, 2023: ` 5.41) is secured by hypothecation of tangible current assets, namely, inventories and book debts of the Company as a whole and also secured by second and subservient charge on immovable and movable assets of the Company to the extent of individual bank limit as mentioned in joint consortium documents. This also extends to guarantees and letters of credit given by the bankers aggregating to ` 221.19 cr (March 31, 2023: ` 200.08 cr). b) The quarterly returns or statements comprising (stock statements, book debt statements and other stipulated financial information) filed by the Company with such banks or financial institutions are in agreement with the books of account of the Company of the respective quarters. c) The carrying amount of assets hypothecated | mortgaged as security for borrowing limits are (` cr) Particulars As at March 31, 2024 As at March 31, 2023 i) Property, plant and equipment excluding leasehold land, certain lands and Buildings 1,648.78 1,341.65 ii) Inventories 563.20 647.64 iii) Trade receivables 848.60 893.86 iv) Current assets other than inventories and trade receivables 139.96 125.13 Total assets as security 3,200.54 3,008.28 (` cr) Note 18 Trade payables As at March 31, 2024 As at March 31, 2023 a) Total outstanding dues of micro-enterprises and small enterprises (refer Note 29.14) 55.15 40.15 b) Total outstanding dues of creditors other than micro-enterprises and small enterprises i) Related party (refer Note 29.4) Acceptances 9.62 5.30 Payables 34.59 24.23 ii) Others 461.31 461.12 560.67 530.80
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