18(a) Terms and conditions of term loans from banks Name Interest rate (%) Type of security Outstanding balance as on* 31 March 2023 31 March 2022 Kotak Mahindra Bank# Three months MCLR+ spread per annum - Equitable mortgage on land and building located at Mallavalli village, Krishna District. - Exclusive charge on movable fi xed assets located at Mallavalli plant and by second charge on all current assets of the feed division. 58.44 79.69 58.44 79.69 *Including current maturities of term loans from banks. #Repayable in 24 quarterly installments commenced from March 2020 and ending in December 2025. 18(b) 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 6 months IMCLR + 0.50% per annum First pari passu charge on current assets and second pari passu charge on fi xed assets of the Holding Company, excluding project specifi c assets. 292.95 - Bank of Baroda 1 year MCLR + 0.40% per annum 369.32 - Union Bank of India 1 year MCLR + 1.05% per annum 202.73 - Kotak Mahindra Bank 6 Months MCLR + 0.30% per annum 78.52 - HDFC Bank 1 Month MCLR + 1.40% per annum 50.07 - Kotak Mahindra Bank 6 Months MCLR + spread per annum First charge on present and future current assets of the feed division of the group. 20.38 - ICICI Bank 3 Months MCLR + 0.50% per annum Unsecured 250.00 - 1,263.96 - 19. Other financial liabilities As at 31 March 2023 31 March 2022 Non-current Financial guarantee 5.37 7.07 5.37 7.07 Current Current maturities of fi nancial guarantee 2.16 2.16 Interest accrued but not due on borrowings 0.49 0.56 Freight payables 157.14 135.80 Capital creditors 111.72 93.68 Employee related payables 182.07 224.64 Security deposits 376.14 328.89 Unpaid dividend 14.18 15.45 Other payables 187.17 233.91 1,031.07 1,035.09 Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) 283 Consolidated | Financial Statements
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