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Loans and borrowings (Tables)

12 Months Ended

Mar. 31, 2022

Disclosure of detailed information about borrowings [abstract]

Short-term borrowings consist of the following:

	As of March 31,
	2022		2021
Pre-shipment credit	Rs.	18,211	Rs.	10,300
Other working capital borrowings		8,871		12,836
	Rs.	27,082	Rs.	23,136

Disclosure of Interest Rate Profile of Short-term Borrowings

The interest rate profile of short-term borrowings from banks is given below:

As of March 31,

2022

2021

Currency

(1)

Interest Rate

(2)

Currency

(1)

Interest Rate

(2)

Pre-shipment credit

INR

3 Months T-bill – 5 bps

INR

3 Months T-bill + 30 bps

INR

3 Months T-bill

INR

5.75

INR

3 Months T-bill + 25 bps

INR

Other working capital borrowings

U.S.

1 Months LIBOR+ 80 bps

U.S

(2.2)% to (1.8)%

RUB

8.88

RUB

3.00% to 3.40% and 5.55%

MXN

TIIE + 1.15%

MXN

TIIE + 1.20%

INR

4.00

INR

4.00

BRL

CDI + 1.79%

BRL

4.00

UAH

13.00

UAH

4.75

(

“INR” means Indian rupees, “U.S.$” means United States Dollars, “RUB” means Russian roubles, “MXN” means Mexican pesos, “BRL” means Brazilian reals and “UAH” means Ukrainian hryvnia.

(

)

“LIBOR” means the London Inter-bank Offered Rate, “TIIE” means the Equilibrium Inter-banking Interest Rate (Tasa de Interés Interbancaria de Equilibrio), “T-bill” means India Treasury bill and “CDI” means Brazilian interbank deposit rate (Certificado de Depósito Interbancário).

Disclosure of Long-term Borrowings

Long-term borrowings consist of the following:

	As of March 31, 2022				As of March 31, 2021
	Non-current		Current		Non-current		Current
Non-convertible debentures by the APSL subsidiary (1)		3,800		-		3,800		-
Obligations under leases		1,946		1,017		2,499		864
	Rs.	5,746	Rs.	1,017	Rs.	6,299	Rs.	864

(1)

“APSL subsidiary” refers to Aurigene Pharmaceutical Services Limited.

Disclosure of interest rate profile of long-term borrowings

The interest rate profiles of long-term borrowings (other than obligations under leases) as of March 31, 2022 and 2021 were as follows:

	As of March 31,
	2022					2021
	Currency (1)		Interest Rate			Currency (1)		Interest Rate
Non-convertible debentures		INR		6.77	%		INR		6.77	%

(1)

“INR” means Indian rupees.

Disclosure of Contractual maturities of Long-term Borrowings

The aggregate maturities of long-term loans and borrowings, based on contractual maturities, as of March 31, 2022 were as follows:

Maturing in	Non- convertible debentures		Obligations under leases		Total
Less than 1 year	Rs.	-	Rs.	1,017	Rs.	1,017
1-2 years		3,800		868		4,668
2-3 years		-		809		809
3-4 years		-		155		155
4-5 years		-		65		65
Thereafter		-		49		49
	Rs.	3,800	Rs.	2,963	Rs.	6,763

The aggregate maturities of long-term loans and borrowings, based on contractual maturities, as of March 31, 2021 were as follows:

Maturing in	Non- convertible debentures		Obligations under leases		Total
Less than 1 year	Rs.	-	Rs.	864	Rs.	864
1-2 years		-		802		802
2-3 years		3,800		745		4,545
3-4 years		-		734		734
4-5 years		-		118		118
Thereafter		-		100		100
	Rs.	3,800	Rs.	3,363	Rs.	7,163

Disclosure of reconciliation of liabilities arising from financing activities

Reconciliation of liabilities arising from financing activities during the year ended March 31, 2022:

Particulars	Long-term borrowings (1)			Short-term borrowings			Total
Opening balance	Rs.	7,163		Rs.	23,136		Rs.	30,299
Recognition of right-of-use liability during the year		327			-			327
Payment of principal portion of lease liabilities		(785	)		-			(785	)
Borrowings made during the year		-			51,518			51,518
Borrowings repaid during the year		-			(47,998	)		(47,998	)
Effect of changes in foreign exchange rates		58			426			484
Closing balance	Rs.	6,763		Rs.	27,082		Rs.	33,845

Reconciliation of liabilities arising from financing activities during the year ended March 31, 2021:

Particulars	Long-term borrowings (1)			Short-term borrowings			Total
Opening balance	Rs.	5,570		Rs.	16,441		Rs.	22,011
Recognition of right-of-use liability during the year		2,393			-			2,393
Payment of principal portion of lease liabilities		(754	)		-			(754	)
Borrowings made during the year		3,800			44,469			48,269
Borrowings repaid during the year		(3,743	)		(37,678	)		(41,421	)
Effect of changes in foreign exchange rates		(103	)		(96	)		(199	)
Closing balance	Rs.	7,163		Rs.	23,136		Rs.	30,299

(1)

Includes current portion.