Corporate Overview Statutory Reports Financial Statements 223 (` cr) Note 16 Borrowings Maturity Terms of repayment Interest rate p.a. As at March 31, 2024 As at March 31, 2023 Noncurrent Current Noncurrent Current ii) Foreign currency term loan from banks (refer Note b) September, 2026 36 equal monthly installments starting from December 2023 7.25% (March 31, 2023: 5.50%) 7.09 - 5.44 - iii) Working capital loans from banks (refer Note c) September, 2024 48 equal quarterly installments (March 31, 2023: 9.40%) - - 0.18 0.36 1 - 12 months Repayable on demand 8.30% to 9.75% (March 31, 2023: 8.75% to 9.40%) - 7.96 - 9.29 Short-term Repayable on demand 8.60% to 9.45% (March 31, 2023: 9.00% to 9.25%) - 10.52 - 5.41 b) Unsecured i) Loan from related parties (refer Note 30.4) March, 2028 4 equal annual installments 9.50% (March 31, 2023: 9.40%) 4.50 - 5.00 - 213.37 18.48 31.92 15.06 Amount of current maturities of long-term debt disclosed under the head ‘current borrowing’ (4.07) 4.07 (3.21) 3.21 209.30 22.55 28.71 18.27 Notes: a) Rupee term loans from banks are secured by exclusive charge on the property, plant and equipment of respective subsidiary companies, both present and future. b) Foreign currency term loans from banks are secured by exclusive charge on the building of respective subsidiary companies, both present and future. c) Working capital loans repayable on demand from banks (March 31, 2024: ` 18.48 cr, March 31, 2023: ` 14.70 cr) are secured by hypothecation of tangible current assets, namely, inventories and book debts and secured by second and subservient charge on immovable and movable assets of the Company and certain subsidiary companies 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 ` 242.04 cr (March 31, 2023: ` 221.73 cr). d) 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. Note 16 Borrowings (continued)
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