Company Overview Financial Statements Notice Statutory Reports 61 Rudolf Atul Chemicals Ltd | Annual Report 2021-22 Note 24.1 Contingent liabilities (` lakhs) Particulars As at March 31, 2022 As at March 31, 2021 Claims against the Company not acknowledged as debts in respects of: i) Income tax 64.25 64.25 The above matters are currently being considered by the tax authorities and the Company expects the judgement will be in its favour and has therefore, not recognised the provision in relation to these claims. Future cash outflow in respect of above will be determined only on receipt of decision pendingwith tax authorities. The potential undiscounted amount of total payments for taxes that the Company may be required to make if there was an adverse decision related to these disputed demands of regulators as of the date reporting period ends are as stated above. The above excludes interest | penalty unless demanded by the authorities. Note 24.2 Commitments Capital commitments There are no capital expenditure contracted for but not recognised in liability at the end of the reporting period. Note 24.3 (A) Related party information Name of the related party and nature of relationship1 No. Name of the related party Description of relationship Party where control exists 1 I B Industriechemie Beteiligungs GmbH Joint venturer 2 Atul Ltd Other related parties with whom transactions have taken place during the year 1 Rudolf GmbH Entities over which joint venturer have significant influence 2 Atul Bioscience Ltd 3 Atul Infotech Private Ltd 4 Atul Finserv Ltd 5 Atul Foundation Trust (welfare fund) 6 Rudolf Hub 1922 S.r.l. 7 Atul Club 8 Atul China 9 Rudolf Atul Chemicals Ltd Employees Group Gratuity Assurance Scheme Post-employment benefit plan of Rudolf Atul Chemicals Ltd 1Related Party relationship is as identified by the Company on the basis of information available with them and relied upon by the Auditors.
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