Company Overview Financial Statements Notice Statutory Reports 79 Rudolf Atul Chemicals Ltd | Annual Report 2022-23 The Company does not face a significant liquidity risk with regard to its lease liabilities as the current assets are sufficient to meet the obligations related to lease liabilities as and when they fall due. Rent paid to lessor for short-term lease period is recognised into the Statement of Profit and Loss as Rent in Note 24 ‘Other expenses’. Cash payments for the principal portion and interest of the lease liabilities are classified within financing activities and short-term lease payments within operating activities. Note 25.12 Disclosure requirement under MSMED Act, 2006 The Company has certain dues to suppliers (trade payables) registered under Micro, Small and Medium Enterprises Development Act, 2006, ‘MSMED Act’. The disclosures pursuant to the said MSMED Act are as follows: (` lakhs) Particulars As at March 31, 2023 As at March 31, 2022 Principal amount due to suppliers registered under the MSMED Act and remaining unpaid as at year end 291.52 366.88 Interest due to suppliers registered under the MSMED Act and remaining unpaid as at year end 0.37 0.04 Principal amounts paid to suppliers registered under the MSMED Act, beyond the appointed day during the year 424.35 3,840.07 Interest paid, other than under Section 16 of MSMED Act, to suppliers registered under the MSMED Act, beyond the appointed day during the year - - Interest paid, under Section 16 of MSMED Act, to suppliers registered under the MSMED Act, beyond the appointed day during the year - - Interest due and payable towards suppliers registered under MSMED Act, for payments already made 3.96 3.59 Further interest remaining due and payable for earlier years - - Above disclosures have been made based on information available with the Company, for suppliers who are registered as Micro, Small and Medium Enterprise under the MSMED Act as at March 31, 2023. The Auditors have relied upon in respect of this matter. Note 25.13 Corporate social responsibility a) Gross amount required to be spent by the Company during the year is ` 37.00 lakhs (2021-22: ` 32.60 lakhs) b) Amount spent during the year on:
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