150 Annual Report 2023-24 Atul Ltd (` cr) Particulars 2023-24 2022-23 Remuneration to the Statutory Auditors a) Audit fees 0.56 0.48 b) Tax audit fees 0.13 0.11 c) Other matters 0.02 0.01 d) Out of pocket expenses 0.03 0.03 Remuneration to the Cost Auditors a) Audit fees 0.04 0.03 0.78 0.66 Note 29.1 Contingent liabilities and guarantees a) Claims against the Company not acknowledged as debts in respects of (` cr) Particulars As at March 31, 2024 As at March 31, 2023 i) Customs duty 1.94 1.94 ii) Excise duty 0.67 0.67 iii) Income tax 7.56 8.01 iv) Others (contract and labour matters) 3.36 1.44 The regulatory claims are under litigation at various forums. The Company expects the outcome of the above matters to be in its favour and has, therefore, not recognised provision in relation to these claims. The above excludes interest | penalty unless demanded by the authorities. b) The Company has given guarantees aggregating ` 200 cr (March 31, 2023: Nil) in favour of HDFC Bank and Federal Bank for ` 100 cr each (March 31, 2023: Nil) guaranteeing the financial liability of a subsidiary Atul Products Ltd, for the purpose of availing banking facility for working capital, operational and project expenditure requirement. Note 29.2 Commitments a) Capital commitments Capital expenditure contracted for at the end of the reporting period, but not recognised as liabilities, is as follows: (` cr) Particulars As at March 31, 2024 As at March 31, 2023 Estimated amount of contracts remaining to be executed and not provided for (net of advances) Property, plant and equipment 61.80 88.45 b) The Company has provided letters of financial support to its two subsidiary companies.
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