(ii) Reconciliation of interest accrued but not due on term loans from banks For the year ended 31 March 2023 31 March 2022 Balance at beginning of the year - 3.37 Interest expense for the year - 18.18 Interest paid during the year - 21.55 Balance at end of the year - - (iii) The Company has been sanctioned working capital limits in excess of ₹5 crores by banks based on the security of certain assets, including current assets (as detailed in note 18(a)). As required under the respective arrangements, the Company has fi led quarterly statements, in respect of the working capital limits with such banks and such statements are in agreement with the unaudited books of account of the Company for the respective periods. (iv) Deferred Payment Liabilities represents sales tax collected under deferment scheme which the Company is obligated to repay in 14 yearly instalments starting from September 2010 and ending by September 2024 in case of its Gokul plant and in 14 yearly instalments starting from November 2010 and ending by November 2023 for its Bayyavaram plant. The Company has created a charge on its specifi ed fi xed assets. 18(a) Terms and conditions of loans repayable on demand from banks Name Interest rate (%) Type of security Outstanding balance as on 31 March 2023 31 March 2022 ICICI Bank Six months MCLR + 0.50% per annum First pari passu charge on current assets and second pari passu charge on fi xed assets of the Company, excluding project specifi c assets. 292.95 - Bank of Baroda One year MCLR + 0.40% per annum 369.32 - Union Bank of India One year MCLR + 1.05% per annum 202.73 - Kotak Mahindra Bank 6 Months MCLR + 0.30% per annum 78.52 - HDFC Bank One Month MCLR + 1.40% per annum 50.07 - ICICI Bank 3 Months MCLR + 0.50% per annum Unsecured 250.00 - 1,243.58 - 19. Other financial liabilities As at 31 March 2023 31 March 2022 Non-current Financial guarantee 6.08 8.83 6.08 8.83 Current Current maturities of fi nancial guarantee 3.62 3.62 Freight payables 150.03 129.21 Capital creditors 111.71 93.18 Employee related payables 178.91 220.16 Security deposits 376.14 328.89 Unpaid dividend 14.18 15.45 Other payables 182.41 227.34 1,017.00 1,017.85 Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) 219 Standalone | Financial Statements
RkJQdWJsaXNoZXIy NTE5NzY=