Page 288 - Index

Standalone
Balance Sheet:
Details of provision for gratuity benefit:
Particulars As at
December 31, 2024
(C lakh)
As at
December 31, 2023
Present value of funded obligations 7,314 6,117
Fair value of plan assets (2,617) (1,916)
Net liability 4,697 4,201
Changes in the present value of the defined benefit obligation are as follows:
Particulars As at
December 31, 2024
(C lakh)
As at
December 31, 2023
Opening defined benefit obligation 6,117 5,399
Current service cost 932 838
Interest cost 426 380
Acquisitions/ transfer (credit)/ cost 23 26
Actuarial (gain)/loss 50 146
Actuarial (gain)/loss (financial assumptions) 340 (1)
Exchange loss/(gain) 9 (1)
Benefits paid directly by Company (6) (33)
Benefits paid from plan assets (577) (637)
Closing defined benefit obligation 7,314 6,117
Changes in the fair value of plan assets are as follows:
Particulars As at
December 31, 2024
(C lakh)
As at
December 31, 2023
Opening fair value of plan assets 1,916 2,326
Interest (income) / expense on plan assets 160 159
Contribution by employer 1,384 37
Return on plan assets greater / (lesser) than discount rate (266) 31
Benefits paid (577) (637)
Closing fair value of plan assets 2,617 1,916
Maturity profile of defined benefit obligation:
Particulars Year ended
December 31, 2024
(C lakh)
Year ended
December 31, 2023
Weighted average duration of defined benefit obligation 4 - 7 years 4 - 7.1 years
The defined benefit obligation shall mature after December 31, 2024 as follows:
Particulars J lakh
December 31, 2025 742
December 31, 2026 794
December 31, 2027 987
December 31, 2028 1,124
December 31, 2029 1,235
December 31, 2030 to December 31, 2034 6,347
286 Annual Report 2024