Corporate Overview Statutory Reports Financial Statements 229 (` cr) Note 29 Other expenses 2023-24 2022-23 Insurance 27.93 24.89 Commission 6.21 7.52 Travelling and conveyance 21.71 19.28 Auditor's remuneration1 2.05 1.64 Directors' fees and travelling 0.64 0.56 Directors' commission (other than the Executive Directors) 0.94 1.02 Bad debts and irrecoverable balances written off | (written back) 3.86 1.59 Provision for doubtful debts (net ) (0.17) 3.83 Loss on assets sold, discarded or demolished 2.76 32.32 Expenditure on Corporate Social Responsibility 15.49 16.31 Miscellaneous expenses 108.03 94.95 1,180.42 1,418.50 1Details of Auditors’ remuneration are as follows: (` cr) Particulars 2023-24 2022-23 Remuneration to the Statutory Auditors a) Audit fees 1.60 1.27 b) Tax audit fees 0.14 0.12 c) Other matters 0.23 0.19 d) Out of pocket expenses 0.04 0.03 Remuneration to the Cost Auditors a) Audit fees 0.04 0.03 2.05 1.64 Note 30.1 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 2.02 1.94 ii) Excise duty 0.67 0.67 iii) GST 0.15 - iv) Income tax 7.85 8.30 v) Sales tax | VAT 0.71 0.71 vi) Others (contracts and labour matters) 3.36 1.44 The regulatory claims are under litigation at various forums. The Group 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 Group has given guarantees aggregating ` 251.79 cr (March 31, 2023: ` 58.76 cr) details of which are as below: (` cr) Particulars In favour Purpose As at March 31, 2024 As at March 31, 2023 i) Atul Products Ltd HDFC Bank and Federal Bank For project expenditure requirement 200.00 - ii) Amal Speciality Chemicals Ltd Axis Bank For project expenditure requirement 51.00 58.00 iii) DPD Ltd HSBC Bank For project expenditure requirement 0.79 0.76 251.79 58.76
RkJQdWJsaXNoZXIy MjA2MDI2