Page 278 - Index

Standalone
To manage credit risk, the Company periodically assesses the financial reliability of customers and other counterparties,
taking into account the financial condition, current economic trends, analysis of historical bad debts and ageing of
accounts receivable. Individual risk limits are set accordingly. The Company uses a provision matrix to compute the
expected credit loss allowance for trade receivable.
Further the Company doesn’t have significant credit risk exposure to any single counter party or a group of counter
parties and have adequate provision for credit risk/bad debts. Trade receivables are monitored on periodic basis for
any non-recoverability of the dues. Bank balances are held with only high rated banks. Refer notes 14.3 and 14.4 for
trade receivables ageing and reconciliation of loss allowance.
36. Financial Instruments
The carrying value and fair value of financial instruments by categories as at December 31, 2024 are as follows:
Particulars Amortised
cost
Financial assets/
liabilities at FVTPL
Financial assets/liabilities
at FVTOCI
Designated
upon initial
recognition
Mandatory Equity
instrument
designated
upon initial
recognition
Mandatory
Derivative
instruments
in hedging
relationship
Total
carrying
value
(C lakh)
Total fair
value
Assets
Investments
-  Quoted equity investments - - - 36,180 - - 36,180 36,180
-  Unquoted equity
investments
- - - 2,786 - - 2,786 2,786
- Mutual funds - - 71,981 - - - 71,981 71,981
Cash and cash equivalents 9,230 - - - - - 9,230 9,230
Other bank balances 348 - - - - - 348 348
Trade receivables 28,459 - - - - - 28,459 28,459
Loans 530 - - - - - 530 530
Other financial assets 5,784 - - - - - 5,784 5,784
Total 44,351 - 71,981 38,966 - - 1,55,298 1,55,298
Liabilities
Lease liabilities 22,724 - - - - - 22,724 22,724
Trade payables 11,191 - - - - - 11,191 11,191
Other financial liabilities 24,557 - - - - 867 25,424 25,424
Total 58,472 - - - - 867 59,339 59,339
276 Annual Report 2024