Company Overview Financial Statements Notice Statutory Reports 71 Rudolf Atul Chemicals Ltd | Annual Report 2024-25 e) Deferred tax assets (net) The balance comprises temporary differences attributable to the below items and corresponding movement in deferred tax liabilities | (assets): (` lakh) Particulars As at March 31, 2025 Charged | (Credited) to profit or loss As at March 31, 2024 Charged | (Credited) to profit or loss As at April 01, 2023 Property, plant and equipment 24.20 1.15 23.05 (0.24) 23.29 Total deferred tax liabilities 24.20 1.15 23.05 (0.24) 23.29 Provision for doubtful debts (4.28) 1.52 (5.80) 1.25 (7.05) Expenses disallowed under Section 40 (a) of the Income Tax Act, 1961 (2.99) 2.13 (5.12) (0.57) (4.55) Finance lease transaction (12.12) (5.40) (6.72) 4.77 (11.49) Compensated absences (15.35) (2.05) (13.30) (4.47) (8.83) Provision for provident fund (1.20) - (1.20) - (1.20) Provision for Inventory - 4.53 (4.53) 4.28 (8.81) Total deferred tax assets (35.94) 0.73 (36.67) 5.26 (41.93) Net deferred tax (assets) | liabilities (11.74) 1.88 (13.62) 5.02 (18.65) Note 26.5 Employee benefit obligations Funded schemes a) Defined benefit plan Gratuity The Company operates a gratuity plan through the Atul Ltd Employees Gratuity Fund. Every employee is entitled to a benefit equivalent to the last drawn salary of 15 days for each completed year of service in line with the Payment of Gratuity Act, 1972 or the Company scheme, whichever is more beneficial. Gratuity is payable at the time of separation or retirement from the Company, whichever is earlier. The benefit vests after five years of continuous service. Balance Sheet amount (Gratuity) (` lakh) Particulars Present value of obligation Fair value of plan assets Net amount As at April 01, 2023 72.00 (91.69) (19.69) Current service cost 6.40 - 6.40 Interest expense | (income) 4.24 (5.69) (1.45) Total amount recognised in profit and loss 10.65 (5.69) 4.96
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