78 Note 25.11 Leases As a Lessee i) Operating lease The Company has taken warehouse, laboratory and the Mumbai office under operating lease or leave and license agreements. These are cancellable by the Company, having a term between 11 months and three years and have no specific obligation for renewal. Payments are recognised in the Statement of Profit and Loss under ‘Rent’ in Note 23. ii) Finance lease a) Following are the changes in the carrying value of right-of-use assets (` lakhs) Particulars As at March 31, 2023 As at March 31, 2022 Balance at the beginning of the year 290.97 305.52 Depreciation I Amortisation 14.55 14.55 Balance at the end of the year 276.42 290.97 b) Following movement in lease liabilities (` lakhs) Particulars As at March 31, 2023 As at March 31, 2022 Balance at the beginning of the year 114.77 127.90 Finance cost occurred 7.31 6.87 Payment of lease liability - (20.00) Balance at the end of the year 122.08 114.77 c) The following table provides details regarding the contractual maturities of lease liabilities on an undiscounted basis (` lakhs) Particulars As at March 31, 2023 As at March 31, 2022 Less than one year 20.00 - One to five years 40.00 40.00 More than five years 140.00 160.00 Total 200.00 200.00
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