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¹ĺĚ ƎƑĚƙĚŠƥ DŽîŕƭĚ ūlj ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ Ŀƙ ēĚƥĚƑŞĿŠĚē ċNj ēĿƙČūƭŠƥĿŠij ƥĺĚ ĚƙƥĿŞîƥĚē ljƭƥƭƑĚ Čîƙĺ ūƭƥǜūDžƙ DžĿƥĺ
ƑĚljĚƑĚŠČĚ ƥū ŞîƑŒĚƥ NjĿĚŕēƙ îƥ ƥĺĚ ĚŠē ūlj ƥĺĚ ƑĚƎūƑƥĿŠij ƎĚƑĿūē ūŠ ijūDŽĚƑŠŞĚŠƥ ċūŠēƙ ƥĺîƥ ĺîDŽĚ ƥĚƑŞƙ îƎƎƑūNJĿŞîƥĿŠij ƥū ƥĺĚ
terms of the related obligation.
The net interest cost is calculated by applying the discount rate at the beginning of the period to the net balance of the
ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ îŠē ƥĺĚ ljîĿƑ DŽîŕƭĚ ūlj ƎŕîŠ îƙƙĚƥƙȦ ¹ĺĿƙ Čūƙƥ Ŀƙ ĿŠČŕƭēĚē ĿŠ ĚŞƎŕūNjĚĚ ċĚŠĚǛƥ ĚNJƎĚŠƙĚ ĿŠ ƥĺĚ
ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ
¤ĚŞĚîƙƭƑĚŞĚŠƥ ijîĿŠƙ îŠē ŕūƙƙĚƙ îƑĿƙĿŠij ljƑūŞ ĚNJƎĚƑĿĚŠČĚ îēŏƭƙƥŞĚŠƥƙ îŠē ČĺîŠijĚƙ ĿŠ îČƥƭîƑĿîŕ îƙƙƭŞƎƥĿūŠƙ îƑĚ
recognised in the period in which they occur directly in other comprehensive income. They are included in retained earnings
in the Statement of changes in equity and in the Balance Sheet.
ĺîŠijĚƙ ĿŠ ƥĺĚ ƎƑĚƙĚŠƥ DŽîŕƭĚ ūlj ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ ƑĚƙƭŕƥĿŠij ljƑūŞ ƎŕîŠ îŞĚŠēŞĚŠƥƙ ūƑ ČƭƑƥîĿŕŞĚŠƥƙ îƑĚ
ƑĚČūijŠĿƙĚē ĿŞŞĚēĿîƥĚŕNj ĿŠ ƎƑūǛƥ ūƑ ŕūƙƙ îƙ Ǝîƙƥ ƙĚƑDŽĿČĚ ČūƙƥȦ
¡ƑūDŽĿēĚŠƥ ljƭŠēȠ
Provident fund for certain eligible employees is managed by the Group through the ‘Atul Products Ltd - Ankleshwar Division
Employees Provident Fund Trust’ in line with Provident Fund and Miscellaneous Provisions Act, 1952. The plan guarantees
ĿŠƥĚƑĚƙƥ îƥ ƥĺĚ ƑîƥĚ ŠūƥĿǛĚē ċNj ƥĺĚ ¡ƑūDŽĿēĚŠƥ GƭŠē îƭƥĺūƑĿƥĿĚƙȦ ¹ĺĚ ČūŠƥƑĿċƭƥĿūŠƙ ċNj ƥĺĚ ĚŞƎŕūNjĚƑ îŠē ĚŞƎŕūNjĚĚƙ ƥūijĚƥĺĚƑ
with the interest accumulated thereon are payable to employees at the time of their retirement or separation from the
HƑūƭƎȡ DžĺĿČĺĚDŽĚƑ Ŀƙ ĚîƑŕĿĚƑȦ ¹ĺĚ ċĚŠĚǛƥƙ DŽĚƙƥ ĿŞŞĚēĿîƥĚŕNj ūŠ ƑĚŠēĚƑĿŠij ūlj ƥĺĚ ƙĚƑDŽĿČĚƙ ċNj ƥĺĚ ĚŞƎŕūNjĚĚȦ ŠNj ƙĺūƑƥljîŕŕ
ĿŠ ƥĺĚ DŽîŕƭĚ ūlj îƙƙĚƥƙ ūDŽĚƑ ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ Ŀƙ ƑĚČūijŠĿƙĚē îƙ î ŕĿîċĿŕĿƥNjȡ DžĿƥĺ î ČūƑƑĚƙƎūŠēĿŠij ČĺîƑijĚ ƥū ƥĺĚ
ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ
'ĚǛŠĚē ČūŠƥƑĿċƭƥĿūŠ ƎŕîŠȠ
ūŠƥƑĿċƭƥĿūŠƙ ƥū ēĚǛŠĚē ČūŠƥƑĿċƭƥĿūŠ ƙČĺĚŞĚƙ ƙƭČĺ îƙ ČūŠƥƑĿċƭƥĿūŠ ƥū ƎƑūDŽĿēĚŠƥ ljƭŠēȡ ƙƭƎĚƑƭîƥĿūŠ ljƭŠēȡ ĚŞƎŕūNjĚĚƙɄ
ƙƥîƥĚ ĿŠƙƭƑîŠČĚ ČūƑƎūƑîƥĿūŠȡ ŠîƥĿūŠîŕ ƎĚŠƙĿūŠ ƙČĺĚŞĚ îŠē ŕîċūƭƑƙ DžĚŕljîƑĚ ljƭŠē îƑĚ ČĺîƑijĚē îƙ îŠ ĚNJƎĚŠƙĚ ƥū ƥĺĚ
ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ċîƙĚē ūŠ ƥĺĚ îŞūƭŠƥ ūlj ČūŠƥƑĿċƭƥĿūŠ ƑĚƐƭĿƑĚē ƥū ċĚ ŞîēĚ îƙ îŠē DžĺĚŠ ƙĚƑDŽĿČĚƙ
îƑĚ ƑĚŠēĚƑĚē ċNj ƥĺĚ ĚŞƎŕūNjĚĚƙȦ ¹ĺĚ îċūDŽĚ ċĚŠĚǛƥƙ îƑĚ ČŕîƙƙĿǛĚē îƙ ēĚǛŠĚē ČūŠƥƑĿċƭƥĿūŠ ƙČĺĚŞĚƙ îƙ ƥĺĚ HƑūƭƎ ĺîƙ Šū
ljƭƑƥĺĚƑ ēĚǛŠĚē ūċŕĿijîƥĿūŠƙ ċĚNjūŠē ƥĺĚ ŞūŠƥĺŕNj ČūŠƥƑĿċƭƥĿūŠƙȦ
¬ĺūƑƥȹƥĚƑŞ ĚŞƎŕūNjĚĚ ċĚŠĚǛƥƙȠ
ŕŕ ĚŞƎŕūNjĚĚ ċĚŠĚǛƥƙ ƎîNjîċŕĚ DžĿƥĺĿŠ ǧǨ ŞūŠƥĺƙ ūlj ƙĚƑDŽĿČĚ ƙƭČĺ îƙ ƙîŕîƑĿĚƙȡ DžîijĚƙȡ ċūŠƭƙȡ ĚNJȹijƑîƥĿîȡ ŞĚēĿČîŕ ċĚŠĚǛƥƙ
etc. are recognised in the year in which the employees render the related service and are presented as current employee
ċĚŠĚǛƥ ūċŕĿijîƥĿūŠƙȦ ¹ĚƑŞĿŠîƥĿūŠ ċĚŠĚǛƥƙ îƑĚ ƑĚČūijŠĿƙĚē îƙ îŠ ĚNJƎĚŠƙĚ îƙ îŠē DžĺĚŠ ĿŠČƭƑƑĚēȦ
¬ĺūƑƥȹƥĚƑŞ ĚŞƎŕūNjĚĚ ċĚŠĚǛƥƙ îƑĚ ƎƑūDŽĿēĚē îƥ ƭŠēĿƙČūƭŠƥĚē îŞūƭŠƥ ēƭƑĿŠij ƥĺĚ îČČūƭŠƥĿŠij ƎĚƑĿūē ċîƙĚē ūŠ ƙĚƑDŽĿČĚ
rendered by employees.
~ƥĺĚƑ ŕūŠijȹƥĚƑŞ ĚŞƎŕūNjĚĚ ċĚŠĚǛƥƙȠ
¹ĺĚ ŕĿîċĿŕĿƥĿĚƙ ljūƑ ĚîƑŠĚē ŕĚîDŽĚ îŠē ƙĿČŒ ŕĚîDŽĚ îƑĚ Šūƥ ĚNJƎĚČƥĚē ƥū ċĚ ƙĚƥƥŕĚē DžĺūŕŕNj DžĿƥĺĿŠ ǧǨ ŞūŠƥĺƙ îljƥĚƑ ƥĺĚ ĚŠē ūlj ƥĺĚ
ƎĚƑĿūē ĿŠ DžĺĿČĺ ƥĺĚ ĚŞƎŕūNjĚĚƙ ƑĚŠēĚƑ ƥĺĚ ƑĚŕîƥĚē ƙĚƑDŽĿČĚȦ ¹ĺĚNj îƑĚ ƥĺĚƑĚljūƑĚ ŞĚîƙƭƑĚē îƙ ƥĺĚ ƎƑĚƙĚŠƥ DŽîŕƭĚ ūlj ĚNJƎĚČƥĚē
future payments to be made in respect of services provided by employees up to the end of the reporting period using the
ƎƑūŏĚČƥĚē ƭŠĿƥ ČƑĚēĿƥ ŞĚƥĺūēȦ ¹ĺĚ ċĚŠĚǛƥƙ îƑĚ ēĿƙČūƭŠƥĚē ƭƙĿŠij ƥĺĚ ŞîƑŒĚƥ NjĿĚŕēƙ îƥ ƥĺĚ ĚŠē ūlj ƥĺĚ ƑĚƎūƑƥĿŠij ƎĚƑĿūē ƥĺîƥ
ĺîDŽĚ ƥĚƑŞƙ îƎƎƑūNJĿŞîƥĿŠij ƥū ƥĺĚ ƥĚƑŞƙ ūlj ƥĺĚ ƑĚŕîƥĚē ūċŕĿijîƥĿūŠȦ ¤ĚŞĚîƙƭƑĚŞĚŠƥƙ îƙ î ƑĚƙƭŕƥ ūlj ĚNJƎĚƑĿĚŠČĚ îēŏƭƙƥŞĚŠƥƙ
îŠē ČĺîŠijĚƙ ĿŠ îČƥƭîƑĿîŕ îƙƙƭŞƎƥĿūŠƙ îƑĚ ƑĚČūijŠĿƙĚē ĿŠ ƎƑūǛƥ ūƑ ŕūƙƙȦ
The obligations are presented as current liabilities in the Balance Sheet if the Company does not have an unconditional
right to defer settlement for at least 12 months after the reporting period, regardless of when the actual settlement is
ĚNJƎĚČƥĚē ƥū ūČČƭƑȦ
îîȴ ¤ĚƙĚîƑČĺ îŠē 'ĚDŽĚŕūƎŞĚŠƥ ĚNJƎĚŠēĿƥƭƑĚȠ
¤ĚƙĚîƑČĺ îŠē 'ĚDŽĚŕūƎŞĚŠƥ ĚNJƎĚŠēĿƥƭƑĚ Ŀƙ ČĺîƑijĚē ƥū ƑĚDŽĚŠƭĚ ƭŠēĚƑ ƥĺĚ ŠîƥƭƑîŕ ĺĚîēƙ ūlj îČČūƭŠƥ ĿŠ ƥĺĚ NjĚîƑ ĿŠ DžĺĿČĺ
Ŀƥ Ŀƙ ĿŠČƭƑƑĚēȦ ¤ĚƙĚîƑČĺ îŠē 'ĚDŽĚŕūƎŞĚŠƥ ĚNJƎĚŠēĿƥƭƑĚ ūŠ ƎƑūƎĚƑƥNjȡ ƎŕîŠƥ îŠē ĚƐƭĿƎŞĚŠƥ Ŀƙ ƥƑĚîƥĚē ĿŠ ƥĺĚ ƙîŞĚ DžîNj îƙ
ĚNJƎĚŠēĿƥƭƑĚ ūŠ ūƥĺĚƑ ƎƑūƎĚƑƥNjȡ ƎŕîŠƥ îŠē ĚƐƭĿƎŞĚŠƥȦ
Consolidated
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Notes to the Financial Statements
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