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DŽȴ /ŞƎŕūNjĚĚ ċĚŠĚǛƥƙȠ
'ĚǛŠĚē ċĚŠĚǛƥ ƎŕîŠȠ
Gratuity:
HƑîƥƭĿƥNj ŕĿîċĿŕĿƥNj Ŀƙ î ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ îŠē Ŀƙ ČūŞƎƭƥĚē ūŠ ƥĺĚ ċîƙĿƙ ūlj îŠ îČƥƭîƑĿîŕ DŽîŕƭîƥĿūŠ ċNj îŠ îČƥƭîƑNj
îƎƎūĿŠƥĚē ljūƑ ƥĺĚ ƎƭƑƎūƙĚ îƙ ƎĚƑ ƎƑūŏĚČƥĚē ƭŠĿƥ ČƑĚēĿƥ ŞĚƥĺūē îƥ ƥĺĚ ĚŠē ūlj ĚîČĺ ǛŠîŠČĿîŕ NjĚîƑȦ ¹ĺĚ ŕĿîċĿŕĿƥNj ūƑ îƙƙĚƥ
ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ îŕîŠČĚ ¬ĺĚĚƥ ĿŠ ƑĚƙƎĚČƥ ūlj ēĚǛŠĚē ċĚŠĚǛƥ ijƑîƥƭĿƥNj ƎŕîŠƙ Ŀƙ ƥĺĚ ƎƑĚƙĚŠƥ DŽîŕƭĚ ūlj ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ
obligation at the end of the reporting period less the fair value of plan assets. The liability so provided is paid to a trust
administered by the Company, which in turn invests in eligible securities to meet the liability as and when it accrues for
ƎîNjŞĚŠƥ ĿŠ ljƭƥƭƑĚȦ ŠNj ƙĺūƑƥljîŕŕ ĿŠ ƥĺĚ DŽîŕƭĚ ūlj îƙƙĚƥƙ ūDŽĚƑ ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ Ŀƙ ƑĚČūijŠĿƙĚē îƙ î ŕĿîċĿŕĿƥNj DžĿƥĺ î
ČūƑƑĚƙƎūŠēĿŠij ČĺîƑijĚ ƥū ƥĺĚ ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ
¹ĺĚ ƎƑĚƙĚŠƥ DŽîŕƭĚ ūlj ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ Ŀƙ ēĚƥĚƑŞĿŠĚē ċNj ēĿƙČūƭŠƥĿŠij ƥĺĚ ĚƙƥĿŞîƥĚē ljƭƥƭƑĚ Čîƙĺ ūƭƥǜūDžƙ DžĿƥĺ
reference to market yields at the end of the reporting period on government bonds that have terms approximating to the
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
¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ
Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are
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
Provident fund for certain eligible employees is managed by the Company through the ‘Atul Products Ltd - Ankleshwar
Division Employees Provident Fund Trust’ in line with Provident Fund and Miscellaneous Provisions Act, 1952. The plan
ijƭîƑîŠƥĚĚƙ ĿŠƥĚƑĚƙƥ îƥ ƥĺĚ ƑîƥĚ ŠūƥĿǛĚē ċNj ƥĺĚ ¡ƑūDŽĿēĚŠƥ GƭŠē îƭƥĺūƑĿƥĿĚƙȦ ¹ĺĚ ČūŠƥƑĿċƭƥĿūŠƙ ċNj ƥĺĚ ĚŞƎŕūNjĚƑ îŠē ĚŞƎŕūNjĚĚƙ
together with the interest accumulated thereon are payable to employees at the time of their retirement or separation
ljƑūŞ ƥĺĚ ūŞƎîŠNjȡ 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 ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ
'ĚǛŠĚē ČūŠƥƑĿċƭƥĿūŠ ƎŕîŠȠ
ūŠƥƑĿċƭƥĿūŠƙ ƥū ēĚǛŠĚē ČūŠƥƑĿċƭƥĿūŠ ƙČĺĚŞĚƙ ƙƭČĺ îƙ ČūŠƥƑĿċƭƥĿūŠ ƥū ƎƑūDŽĿēĚŠƥ ljƭŠēȡ ƙƭƎĚƑƭîƥĿūŠ ljƭŠēȡ ĚŞƎŕūNjĚĚƙɄ
state insurance corporation, national pension scheme and labour welfare fund are charged as an expense to the Statement
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 ūŞƎîŠNj ĺîƙ Šū ljƭƑƥĺĚƑ ēĚǛŠĚē
obligations beyond the monthly contributions.
¬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. Compensation payable under voluntary retirement scheme is being charged to the Statement of
¡ƑūǛƥ îŠē gūƙƙ ĿŠ ƥĺĚ NjĚîƑ ūlj ƙĚƥƥŕĚŞĚŠƥȦ
~ƥĺĚƑ ŕūŠijȹƥĚƑŞ ĚŞƎŕūNjĚĚ ċĚŠĚǛƥƙȠ
The liabilities for earned leave and sick leave are not expected to be settled wholly within 12 months after the end of the
period in which the employees render the related service. They are therefore measured as the present value of expected
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
have terms approximating to the terms of the related obligation. Remeasurements as a result of experience adjustments
îŠē ČĺîŠijĚƙ ĿŠ îČƥƭîƑĿîŕ îƙƙƭŞƎƥĿūŠƙ îƑĚ ƑĚČūijŠĿƙĚē ĿŠ ƎƑūǛƥ ūƑ ŕūƙƙȦ
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Standalone
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Notes to the Financial Statements