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Background
ƥƭŕ gƥē ȳƥĺĚ ūŞƎîŠNjȴ Ŀƙ î ƎƭċŕĿČ ČūŞƎîŠNj ŕĿŞĿƥĚē ċNj ƙĺîƑĚƙȡ ĿŠČūƑƎūƑîƥĚē îŠē ēūŞĿČĿŕĚē ĿŠ TŠēĿîȦ Tƥƙ ƑĚijĿƙƥĚƑĚē ūljǛČĚ Ŀƙ ŕūČîƥĚē
îƥ ƥƭŕ OūƭƙĚȡ H T ¡îƥĚŕ qîƑijȡ ĺŞĚēîċîē ǩǮǦ ǦǧǪȡ HƭŏîƑîƥȡ TŠēĿî îŠē ƥĺĚ ƎƑĿŠČĿƎîŕ ƎŕîČĚƙ ūlj ŞîŠƭljîČƥƭƑĿŠij îƑĚ ŕūČîƥĚē îƥ
ƥƭŕ îŠē ŠŒŕĚƙĺDžîƑȡ HƭŏîƑîƥȡ TŠēĿîȦ
The Company and its subsidiary companies are referred to as the Group here under. The Group is serving the needs of varied
industries such as Adhesives, Agriculture, Animal Feed, Automobile, Composites, Construction, Cosmetic, Defence, Dyestuff,
Electrical and Electronics, Flavour, Food, Footwear, Fragrance, Glass, Home Care, Horticulture, Hospitality, Paint and Coatings,
¡îƎĚƑȡ ¡ĚƑƙūŠîŕ îƑĚȡ ¡ĺîƑŞîČĚƭƥĿČîŕȡ ¡ŕîƙƥĿČȡ ¡ūŕNjŞĚƑȡ ¤ƭċċĚƑȡ ¬ūîƎ îŠē 'ĚƥĚƑijĚŠƥȡ ¬ƎūƑƥ îŠē gĚĿƙƭƑĚȡ ¹ĚNJƥĿŕĚȡ ¹NjƑĚ îŠē ØĿŠē
Energy across the world.
sūƥĚ ǧ ¬ĿijŠĿǛČîŠƥ îČČūƭŠƥĿŠij ƎūŕĿČĿĚƙ
¹ĺĿƙ sūƥĚ ƎƑūDŽĿēĚƙ î ŕĿƙƥ ūlj ƥĺĚ ƙĿijŠĿǛČîŠƥ îČČūƭŠƥĿŠij ƎūŕĿČĿĚƙ îēūƎƥĚē ċNj ƥĺĚ HƑūƭƎ ĿŠ ƎƑĚƎîƑîƥĿūŠ ūlj ƥĺĚƙĚ ūŠƙūŕĿēîƥĚē
Financial Statements. These policies have been consistently applied to all the years presented unless otherwise stated. The
Consolidated Financial Statements are for the Group consisting of the Company and its subsidiary companies.
îȴ
îƙĿƙ ūlj ƎƑĚƎîƑîƥĿūŠȠ
i)
Compliance with Ind AS:
The Consolidated Financial Statements comply in all material respects with Indian Accounting Standards (Ind
¬ȴ ŠūƥĿǛĚē ƭŠēĚƑ ¬ĚČƥĿūŠ ǧǩǩ ūlj ƥĺĚ ūŞƎîŠĿĚƙ Čƥȡ ǨǦǧǩ ȳƥĺĚ Čƥȴ ƑĚîē DžĿƥĺ ¤ƭŕĚ ǩ ūlj ƥĺĚ ūŞƎîŠĿĚƙ ȳTŠēĿîŠ
Accounting Standards) Rules, 2015 and other relevant provisions of the Act, as amended.
ii) Historical cost convention:
¹ĺĚ ūŠƙūŕĿēîƥĚē GĿŠîŠČĿîŕ ¬ƥîƥĚŞĚŠƥƙ ĺîDŽĚ ċĚĚŠ ƎƑĚƎîƑĚē ūŠ î ĺĿƙƥūƑĿČîŕ Čūƙƥ ċîƙĿƙ ĚNJČĚƎƥ ljūƑ ƥĺĚ ljūŕŕūDžĿŠijȠ
îȴ ĚƑƥîĿŠ ǛŠîŠČĿîŕ îƙƙĚƥƙ îŠē ŕĿîċĿŕĿƥĿĚƙ ȳĿŠČŕƭēĿŠij ēĚƑĿDŽîƥĿDŽĚ ĿŠƙƥƑƭŞĚŠƥƙȴȠ ŞĚîƙƭƑĚē îƥ ljîĿƑ DŽîŕƭĚ
ċȴ 'ĚǛŠĚē ċĚŠĚǛƥ ƎŕîŠƙȠ ƎŕîŠ îƙƙĚƥƙ ŞĚîƙƭƑĚē îƥ ljîĿƑ DŽîŕƭĚ
c) Biological assets: measured at fair value less cost to sell
ċȴ
îƙĿƙ ūlj ČūŠƙūŕĿēîƥĿūŠȠ
i) Subsidiary companies
Subsidiary companies are all entities over which the Group has control. The Group controls an entity when the Group
Ŀƙ ĚNJƎūƙĚē ƥūȡ ūƑ ĺîƙ ƑĿijĺƥƙ ƥūȡ DŽîƑĿîċŕĚ ƑĚƥƭƑŠƙ ljƑūŞ Ŀƥƙ ĿŠDŽūŕDŽĚŞĚŠƥ DžĿƥĺ ƥĺĚ ĚŠƥĿƥNj îŠē ĺîƙ ƥĺĚ îċĿŕĿƥNj ƥū îljljĚČƥ ƥĺūƙĚ
returns through its power to direct the relevant activities of the entity. Subsidiary companies are consolidated from
the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases.
The acquisition method of accounting is used to account for business combinations by the Group.
The Group combines the Financial Statements of the parent and its subsidiary companies line by line adding together
ŕĿŒĚ ĿƥĚŞƙ ūlj îƙƙĚƥƙȡ ŕĿîċĿŕĿƥĿĚƙȡ ĚƐƭĿƥNjȡ ĿŠČūŞĚ îŠē ĚNJƎĚŠƙĚƙȦ TŠƥĚƑČūŞƎîŠNj ƥƑîŠƙîČƥĿūŠƙȡ ċîŕîŠČĚƙ îŠē ƭŠƑĚîŕĿƙĚē
ijîĿŠƙ ūŠ ƥƑîŠƙîČƥĿūŠƙ ċĚƥDžĚĚŠ HƑūƭƎ ČūŞƎîŠĿĚƙ îƑĚ ĚŕĿŞĿŠîƥĚēȦ ÀŠƑĚîŕĿƙĚē ŕūƙƙĚƙ îƑĚ îŕƙū ĚŕĿŞĿŠîƥĚē ƭŠŕĚƙƙ ƥĺĚ
transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiary companies
have been changed where necessary to ensure consistency with the policies adopted by the Group.
Non-controlling interests in the results and equity of subsidiary companies are shown separately in the Consolidated
¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȡ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ČĺîŠijĚƙ ĿŠ ĚƐƭĿƥNj îŠē ūŠƙūŕĿēîƥĚē îŕîŠČĚ ¬ĺĚĚƥ
respectively.
Notes
to the Consolidated Financial Statements
Consolidated
|
Statement of Cash Flows
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Notes to the Financial Statements
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