Corporate Overview Statutory Reports Financial Statements 215 (` cr) Note 6.1 Investments accounted for using the equity method Place of business % of ownership interest As at March 31, 2024 As at March 31, 2023 Investment in equity instruments (fully paid-up) Unquoted investment in associate company Valsad Institute of Medical Sciences Ltd 22.39 22.50 Group share of loss for the year India 50% 0.09 (0.11) 22.48 22.39 Unquoted investment in joint venture company Rudolf Atul Chemicals Ltd 20.37 28.11 Group share of profit for the year India 50% 9.65 3.94 Dividend received (2.92) (11.68) 27.10 20.37 Total equity accounted investments 49.58 42.76 (` cr) Note 6.2 Other investments Face value1 As at March 31, 2024 As at March 31, 2023 Number of shares Amount Number of shares Amount a) Investment in equity instruments (fully paid up) Equity instruments measured at FVTOCI Quoted Aarti Industries Ltd 5 1,000 0.07 1,000 0.05 Aarti Pharmalabs Ltd 5 250 0.01 250 0.01 Antony West Handling Cell Ltd 5 - - 3,000 0.07 Apollo Sindoori Hotels Ltd 5 - - 500 0.05 Archean Chemical Industries Ltd 2 1,500 0.10 - - Arvind Fashions Ltd 4 15,96,105 72.33 15,96,105 44.64 Arvind Ltd 10 41,27,471 111.63 41,27,471 35.08 Arvind SmartSpaces Ltd 10 4,12,747 28.80 4,12,747 11.66 Aurobindo Pharma Ltd 1 500 0.05 500 0.03 Avenue Supermarket Ltd 10 50 0.02 50 0.02 Axis Bank Ltd 10 1,558 0.16 2,729 0.17 Bajaj Finance Ltd 10 233 0.17 233 0.13 BAYER Cropscience Ltd 10 12 0.01 12 0.01 BASF India Ltd 10 2,61,396 87.23 2,61,396 59.48 Best Agrolife Ltd 10 3,000 0.14 - - Camlin Fine Sciences Ltd 10 - - 1,500 0.02 Central Depository Services India Ltd 10 2,700 0.46 3,273 0.30 Cummins India Ltd 2 - - 191 0.03 Deepak Fertilisers & Petrochemicals Corp Ltd 10 2,000 0.10 - - FDC Ltd 1 341 0.01 - - Glenmark Life Sciences Ltd 1 - - 10,000 0.39 HDFC Bank Ltd 1 7,636 1.11 2,384 0.38 Housing Development Finance Corporation Ltd 10 - - 2,809 0.74 ICICI Bank Ltd 2 1,09,026 11.92 1,09,026 9.56 ICICI Lombard General Insurance co. Ltd 10 - - 1,319 0.14 ICICI Securities Ltd 5 - - 5,000 0.21
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