qTPTATA

May 18,2018

The Secretary,Lisjng DepartmentBSE LimtedPh roze」 eeleebhoy TowersC/1 Dalal Street

Mumbai400 001scnO cOde:500770

The Manager, Listing DepartmentNational Stock Exchange of lndia LtdExchange Plaza, 5th Floor, Plot No.G Block, Bandra-Kurla ComplexBandra (E)Mumbai 400 051Svmbol: TATACHEM

Dear Sir/Madam,

Sub: Outcome of the Board Meetino in accordance with the SEBI (Listino Oblioations andDisclosure Reouirements) Requlation. 201 5

The Board at its meeting held today, i.e. on May 18, 2018 transacted, inter alia, the followingbusinesses:

1. Financial Results:

Approved the Audited Financial Results (Standalone and Consolidated) for the year ended March 31,

2018. ln this regard, please find enclosed:

a) Audited Standalone and Consolidated Financial Results of the Company for the financial year

ended March 31, 2018.

b) Auditor's Report in respecl of the Audited Standalone and Consolidated Financial Results ofthe Company for the financial year ended March 31 , 2018.

These are also being made available on the website of the Company at www.tatachemicals.com.

2. Unmodified Opinion:

BSR & Co. LLP, the Statutory Auditors of the Company, have issued auditors' reports with an

unmodified opinion on the Audited Standalone and Consolidated Financial Statements for financialyear ended March 31, 2018. This declaration is made pursuant to Regulation 33(3Xd) of SEBI (Listing

Obligations and Disclosure Requirements) Regulation, 2015.

3. Recommendation of Dividend:

a) The Board of Directors has recommended a dividend of Rs. 11 per share i.e. 110% for the

Financial Yeat 2017-18 (previous year Rs. 11 per share i.e. 110%) and a Special dividend ofRs. 11 per share i.e. 110% to reflect one time income on account of sale of the FertiliserBusiness. Therefore, the total dividend aggregates to Rs.22 per share i.e.22oo/o lor FY 2017-18(previous year Rs. 11 per share i.e. 110%), subject to the approval of the shareholders at the

ensuing 79th Annual General Meeting (AGM) of the Company.

b) The dividend, if approved by the shareholders at the ensuing AGM, will be paid on and from

July 27 , 2018.

TATA CHEMICALS LIMnIDBombay HOuse 24 Homi Mody street Fort Mumbai4gl∞ 1

Te1 91 22 6665 8282 Fax 91 22 6665 8143/“ ―

tatachemi(als com

CIN:L24239MH1939PLC∞ 2893

.-\TI'TATA

4. Annual General Meeting:

The 79th AGM of the Company will be held on Wednesday, July 25, 2018 at 3 00 p m. at Birla

Matushri Sabhagar, 19, Sir Vithaldas Thackersey Marg, New Marine Lines, Mumbai 400020.

The Board meeting commenced at2.00 p.m. (lST) and concluded at4.20 p.m (lST).

You are requested to take the above on record.

Yours faithfully,For TataChemicals Limited

n

Counsel & Company Secretary

Encl: As above

ヽ

B S R ttL Co.LLPChartered Accountants

sth Floor, Lodhs Excelus,Apollo Mills CompoundN. M. Joshi Marg, MahalaxmiMumbai - 400 011

lndia

Telephone +91 (22) rB45 5300Fax +91 (22)€45 5399

Independent Auditor's Report on Consolidated Annual Financial Resultsof Tata Chemicals Limited pursuant to the Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors ofTata Chemicals Lirnitcd

We have audited the consolidated annual financial results of Tata Chemicals Limited('the Company') for the year ended 3l March 2018 ('the Statement') attached herewith, beingsubmitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'). Attention isdrawn to the fact that the figures for the quarter ended 3 I March 2018 and the corrcsponding quarterended in the previous year as reported in these consolidated financial results are the balancing figuresbetween audited figures in respect of the full financial year and the published year to date figuresupto the end of the third quarter ofthe relevant financial year. Also, the figures up to the end of thethird quarter forthe current and previous financial year had only been reviewed and not subjected toaudit.

These consolidated annual financial results have been prepared from the audited consolidatedannual lnd AS financial statements and reviewed consolidated quarterly financial results upto theend ofthe third quafier which are the responsibility of the Company's management and havebeen approved by the Board of Directors intheir meeting held on 18 May20lE. Our responsibilityis to express an opinion on these consolidated financial results based on our audit of suchconsolidated annual Ind AS financial statements, which have been prepared in accordance with therecognition and measurement principles laid down in the Companies (Indian Accounting Standards)Rules, 2015 as per Section 133 ofthe Companies Act, 201 3 and other accounting principles generallyaccepted in India and in compliance with Regulation 33 ofthe Listing Regulations.

We conducted our audit in accordance with the auditing standards generally accepted in India. Thosestandards require that we plan and perform the audit to obtain reasonable assurance about whetherthe consolidated financial rcsults are fiee of material misstatements. An audit includes examining,on a test basis, evidence supporting the amounts disclosed as consolidated financial results. An auditalso includes assessing the accounting principles used and significant estimates made bymanagement. We believe that our audit provides a reasonable basis for our opinion.

We did not audit the financial statements of 34 subsidiaries, included in the consolidated annual

financial results, whose annual financial statements reflect total assets of Rs I E,095.88 crore as at

3l March 2018 as well as total revenues of Rs 6,057.39 crore for the year ended 3l March 2018.

The consolidated annual financial results also include the Group's share of loss (and other

comprehensive income) of Rs.l .93 crore for the year ended 3 I March 201 8 in respect of 2 jointventures which have not been audited by us. These annual financial statements and other financialinformation have been audited by other auditors whose reports have been furnished to us and ouropinion on the consolidated annual financial results, to the extent they have been derived from such

annual financial statements and financial information is based solely on the reports of the otherauditors. Our opinion is not modified in respect of this matter.

','''N'J

a s R & co {! prnfi$ip lin wirh8.€i.dion ilo. 8A51ZA, @mrEd htoB S R A Co. LLP (. Umn€d L,.bi[ry, Pann€rdripwirh LLP E.ginrdion No. AAE€181)wrth .flct from hbor 14, 2gl3

5dr Eoo., L.du Ed.6ADollo Milb Co.nF{.rdN. M. Jodtri M.E, MlhalaxmiMumbli - (lO o|1- ldlia

BSR&Co LLP

Independent Auditor's Report on Consolidated Annual Financial Resultsof Tata Chemicals Limited pursuant to the Regulation 33 of the SEBI(ListingObligations and Disclosure Requirements) Regulations, 2015(Continued)

Tata Chemicals LimitedCertain ofthese subsidiaries and joint ventures are located outside India whose financial statementsand other financial information have been prepared in accordance with accounting principlesgenerally accepted in their respective countries and which have been audited by other auditors undergenerally accepted auditing standards applicable in their respective countries. The Company'smanagement has converted the financial statements of such subsidiaries and joint ventures locatedoutside India from accounting principles generally accepted in their respective countries toaccounting principles generally accepted in India. We have audited these conversion adjustmentsmade by the Company's management. Our opinion in so far as it relates to the balances and affairsof such subsidiaries and joint ventures located outside India is based on the reports of the otherauditors and the conversion adjustments prepared by the management ofthe Company and auditedby us.

The consolidated annual financial results also include the Group's share of net profit of Rs. 5 I .16crore for the year ended 3lst March 2018, as considered in the consolidated annual financialstatements, in respect of 2 joint ventures, whose financial statements have nol been audited by us.These financial statements are unaudited and have been furnished to us by the Management and ouropinion on the consolidated annual financial results, in so far as it relates to the amounts anddisclosures included in respect of these joint ventures is based solely on such unaudited financialstatements. In our opinion and according to the information and explanations given to us by theManagement, these financial statements are not material to the Group. Our opinion is not modifiedin respect ofthis matter.

The audited consolidated financial results for the corresponding quarter and year ended

3l March 2017 included in the Statement, were audited by the predecessor auditor, whose auditreport dated 26 May 2017 expressed an unmodified opinion on those audited consolidated financialresults. Our opinion is not modified in respect of this matter.

In our opinion and to the best ofour information and according to the explanations given to us, andbased on consideration of reports of other auditors and management certified accounts onseparate financial statements and on other information of the subsidiaries and joint ventures as

aforesaid, these consolidated annual financial results:

(i) include the annual financial results ofthe entities mentioned in Annexure I;

(ii) have been presented in accordance with the requirements of Regulation 33 of the ListingRegulations in this regard; and

BSR&Co LLP

Independent Auditor's Report on Consolidated Annual Financial Resultsof Tata Chemicals Limited pursuant to the Regulation 33 of the SEBI(ListingObligations and Disclosure Requirements) Regulations, 2015(Continued)

Tata Chemicals Limited

(iii) give a true and fair view ofthe consolidated net profit and other comprehensive income andother financial information for the year ended 3 I March 201 8.

FoTBSR&Co.LLPChartered Accountants

Firm's Registration No: l0l248WW-100022

Mumbai18 May 2018

V-r,.^-f.1Vijay Mathur

PartnerMembership No: 046476

BSR&Co LLP

Tata Chemicals Limited

Annexure I

List ofentities included in the Statement

Name of Entities

Holding Company

Tata Chemicals Limited

Subsidiaries

I Bio Energ_y Venture - I (Mauritius) P\t. Ltd.

2 Rallis lndia Limited

3 Ncourage Social Enterprise Foundalion (with effect from 8 December 2017)

Step down subsidiaricsI TaIa Chemicals Intemational Pte. Limited

2 Homefield Pvt. UK Limited

3 Homefield 2 UK Limited

4 Tata Chemicals (Europe) Holdings Limited

5 Brunner Mond Group Limited

6 Tata Chemicals Europ€ Limited

7 Brunner Mond Limited (till 2 January 2018)

8 Brunner Mond Generation Company Limited (rill l9 December 2017)

9 Nonhrvich Resource Management Limited

l0 Winnington CHP Limited

ll Cheshire Salt Holdings Limited

12 Cheshire Salt Limited

l3 British Salr Limilcd

14 Brinefield Storage Limited

15 Cheshire Cavitv Storage 2 Limited

l6 Cheshire Compressor Limited

17 lrish Feeds Limited

18 New Cheshire Salt Works Limited

l9 Tata Chemicals Africa Holdings Limited

20 Tata Chemicals South Africa (Pty) Limited

2l Tata Chemicals Magadi Limited

22 Magadi Raihryay Company Limited

23 Gusiute Holdings (UK)Ltd.

24 Valley HoJdings lnc

25 Tata Chemicals Nonh America Inc.

26 TCNA (UK) Limited

21 General Chemical Intemational lnc.

28 NHO Canada Holdings lnc,

29 TCSAP Holdings

l0 Tata Chemicals (Soda Ash) Panners

BSR&Co LLP

Tata Chemicals Limited

Annexure I£o″ riF″′り

List oF elltities included ill the Statement

Name of Entities

31 TCSAP LLC

32 ALCAD33 Rallis Chcmistrv ExPortS Limhcd

34 Mctahclix Lifc Scicnccs Lid

35 PT Mctahclix Lircscicnccs lndoncsia

36 Zcro Wastc Agro Organics Limitcd

Joint Ventures

l Thc Block Salt Company Limncd

2 Natronx Tcchnologics LLC

3 Joll(S)PtC Lld

4 lndo Maroc PhosDhore S.A.

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Ioto Chernkqb Uiniedote! to the CoGoldaled Fnonciol Resrls:

The dЮ ve resuns were rev ewed by,he Aud,Colnmrtee ond opproved by,he Boord of Drectors ol,hdr mee"ng ttdcn18 MOみ 2018 Thesome hce been Oudled bソ ,he Stolutory Audos who n“eissued on unqud ned Op nbnlhereon

o The Coup eniered inio o B¨ neS TrOnsfer Ag_en'cn 6 Novem臨 2017w"h lRC AgOchemico卜 Pnvole暉mtted

rlRCη ′o whdly Owned sljb9d"of hdOromo Hddnび BV Neih“ onds io tronger"sPい o平わoた Ferl● ser Busnessiocoled ol Hddb∞ d he rrodng B"nes compung bulk ald n● ●bu k鮨

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cc n9dercr on Ofで 375い"e●

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beMeen ihe cor,no VolUe or nei PrOpew Plcnt Ond Equpmen,IPP81 0nd ihe recov“ ble vdue The effecl of,hetrosfa磁 l be renected in he inondd infOmOlon ofthe pmod in which,he d∞ l L consummaled pOslrecdpl of dl,he rewie reguoioryclprovds

b On12」on呵 .2018.lhe C4oup cOnsummoled the sde ond lronsfer Of rs unぃ 。Ond cus,omsed Ferllsers Buづ ness lo YcいoFerlmsefs lndo Pnvole umtted“ coniernp10ted in the Schemo of Arongemeni dOled 10 Augus1 2016 Excep“ond gcln

inel hC Udes pre― lα gdn oFマ !.279 39 crore forlhe yecr ended 31 Moch 2018

Chcngesin CIoup sln」clure d輛ng ond subsequenl,o,he yecr ended 31 Morch 2018:

● The Bocd or Direcicrs Of Rdlsindo um"ed rRo‖ }ゞhOS OCCOrded"s cOnsentio the merger ofZoo Woste AgO orgon csumled(O whOlly cwned subttoryl tth Rcl‖ s under o Schemo or Amo19om。 10n sublecI Io necessO stolUiOryopprovols from v“ us regulolory ou,honties includhg the Nolonol Componソ Lcw lnbunol r.NCLTり

b The Croup hs concluded cFveslment oi Crown Enぃ Oy Zombe2e HOldngs Pvl Lid,Mounlυ s clnd its subldcm●

c m」 nner MOnd Ceneruon COlllpOny llmled ond BnJnner Mond um‖ ed, sub●cFoles in uniled KIngdOm いore beendsdved dulng ihe yeor

d Ncotroge Socd Enlerン eヽ Foundolbn is incoporoledぃ o wndly owned drect subldtt under secion 8 of theCompon es Ac1 2K113輌 h erecIIrOm 8 Decemb¨ 2017

e Dulng ,he yeo「 ended 31 Morch 2018. ,he Bocd of Oreclors Of lhe Coη pOny h“ pproved lhe Scheme of柿 dgomolon cSCh¨ eり undα he prov● ons of Secl on 234 reod哺 ,h Sec"ons 230,o232 of he Cclrnpmi6 Ac1 2013for ihe mergef of麟 o Enery venttre l{M● un‖ usl Pvl LId.o Whdly owned subsdbry o子 lhe ColnpOn′ ■lh ihecompOn′ sublecI IO necessay slolu,ory∞ d reguo10ry oprovclに .indudng opprOvO1 0fthe Nolonol Cornpony LcwTnbund The Schmeisin he process Of ttng nled

i Subsequent io the bo glce sheei dole the Cα npOnyい os ttned o Buttess Tralsfer Agement面 th M′ s Nled Slた 。

口m"ed lo ocqure ther buSness of preopoled lco.on o Jump sde buslor a conlderonOn Ofマ 123 crore lstjbleci lo

unmen,Of cmOn Ogeed condibns ond mlぃ 1∞ぃ)The effecl● r the trm“er v口i be ren∝ led h the mclnOdhfomolon of he penodin whCh the deo is consummoled pOsIlu"lmeni Or ogeed cOndhons

Accordng tO,he reqtrement o子 ind AS ald SEBl(usling Oblig。 ,bns cnd D“lostre ReqJrement,Rヽ″l●lいヽ 2015

revenue ror ihe cOresponmO prevbus quorer Ond yecr ended 31 Mcrch 2017● nd quder ended 30」une 2017

1ndudedin ihe r― is rorthe y‐ ended 31 Mα ch 2018)were Ond Oe repOrtedinclu■ e of Exc se Dυ ly

The Covmmeni oflndoimplemenied Coods ond Sewte rolrcs,l frOm l」 uけ.2017rep ocng ao吟 dul■ s‐Ce TOK

ond v“ us otherindect toles As perlnd AS 18‐ Revenuo.the revenue forihe quorer ended 31 DecernboL a17qudg ond yec ended 31 Mcrch.2018 ore reporled ne,● f CST Hod ihe previougy repOrled revenues been"own netof exc“ duly.colnporolve reVenues ofihe Croup would hα e been o rol。 ″s:

Excepliond gKin (netl relole lo operotions ol Toto Chernicob North Americo, lnc. ond il's Sub5icr<ries ('TCNA GrouC') fo(lhe qucrler ond yeq eided 3l Morch, 2Ol8- Thete include:

A goin of (,{.77 crore ond < 82.80 ctoG foa the quqler ond yeol ended 3l Morch, 2018 respeclivdy bo5ed on octuoddvoluolion, on occotrll of chonges onno{rnced io cerldn Polt Retiol Medicd Ploni.

An estinoted choge of t Nfl ond {18.,t6 ctore fo. lhe quorter oid yeo ended 3l Mqch, 2018 respectively, poyoble onoccolirl of severance pockoge ofiered to emdoyees.

As o resul of chonges h income lox le{idoiion h US, lhe ICNA Group hos recognild o deferred t.D( g<in of < 5.m croreond < 251.63 ciore for lhe quale. ond yed ended 3l Mqch, 2018 respeclively, in finoncid resdis (os defered l(x) ondlors of ? 9.69 crore ('ld I 11-70 c,cfe foa ihe qJ(,ter ond yed ended 3l Mdch, 2018 respeclively, in othercomprchensive income {tterns thol will not be reclossified lo profi o.loas}.

The mtresky qudg ended 31sI Morch′ 2018 ond 31s,Mcrch.2017 cre the bdmdng ngres beteen oudled tttresin

of lhe fiil finoncid yea ond the publbhed yeor lo dole figtr$ uplo nine monlhs of the relevonl fhonciol year-

hos recommended o <rvidend of I l0 % (p(eviorrs yed I l0 %) for lhe fnoncjol yeq ml7-18 ond o

Yeolended

3lmorch,

2017(AuditEd)

ended31

D∝emu“2017

(unaud“ ed)

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toto Chqrlcob li|rlt dLoaaa io lh. coBolddad Elroicld le.uli8 lhe stondolone oudled 6ndlci, r6ulis of lhe Conpony de ovdloble for inveslols ol www totocherYicdssom'

ww'wrEdndo.com ond www-b6eindo'com'

I Preyio{rs pedod fg(,6 hove been regrouped to confom with the cNcolior| odopled in these finonool r$ulls'

a per our reporl of even dqle ollochedFor BSR & Co. l-LP

Chorrered Accountont5Em's Reghholion No: lol2lsww - looo,

For ond on beholf ofIATA CHEMICALS LIMTTED

v\f-J^ tt-tY-vlioy irolhu

Memberstip No. 0,16,{76

Ploce : l{uilcciDoie: l8l'loy, All8

B S R ttk Co.LLPChartered Accountants

sth Floor, Lodha Excelus,Apollo Mills CompoundN. M. Joshi Marg, MahalaxmiMumbai - 400 011

lndia

Telephone +91(22)43455300Fax +91(22)43455399

Independent Auditors' Report on Standalone Annual Financial Results ofTata Chemicals Limited pursuant to the Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors ofTata Chemicals Lilnited

We have audited the accompanying standalone annual financial results of Tata Chemicals Limited('the Company') for the year ended 3l March 2018 ('the Statement') attached herewith, beingsubmitted by the Company pursuant to the requirements of Regulation 33 of the Securities andExchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015('Listing Regulations'). Attention is drawn to the fact that the figures for the quarter ended3l March 2018 and the corresponding quarter ended in the previous year as reported in thesefinancial results are the balancing figures between audited figures in respect of the full financialyear and the audited year to date figures upto the end ofthe third quarter ofthe relevant financialyear.

These standalone financial results have been prepared from the audited annual standalone Ind ASfinancial siatemenls and audited quarterly standalone financial results upto the end of the thirdquarter, which are the responsibility ofthe Company's management and have been approved by theBoard of Directors in their meeting held on I 8 May 201 8. Our responsibility is to express an opinionon these standalone financial results based on our audit of such standalone Ind AS financialstatements, which have been prepared in accordance with the recognition and measurementprinciples laid down in the Companies (Indian Accounting Standards) Rules, 2015 as per Section

133 ofthe Companies Act 2013, and other accounting principles generally accepted in India and incompliance with Regulation 33 ofthe Listing Regulations.

We conducted our audit in accordance with the auditing standards generally accepted in India. Those

standards require that we plan and perform the audit to obtain reasonable assurance about whether

the standalone financial results are free of material misstatements. An audit includes examining, on

a test basis, evidence supporting the amounts disclosed as standalone financial results. An audit also

includes assessing the accounting principles used and significant estimates made by management.

We believe that our audit provides a reasonable basis for our opinion.

The audited standalone financial results for the corresponding quarter and year ended 3l March 2017

included in the Statement, were audited by the predecessor auditor whose audit report dated

26 May 2017 expressed an unmodified opinion on those audited standalone financial results. Ouropinion is not modified in respect ofthis matter.

In our opinion and to the best ofour information and according to the explanations given to us, these

standalone annual fi nancial results:

(i) are presented in accordance with the requirements ofRegulation 33 ofthe Listing Regulations

in this regard; and

BSR&∞ {a"n― hip輌而 赫

R391-On No●●61笏}― ●dimBSR aCol工 P{au“蔵」 ¨ い1し Pomo6ip輌 LtP R39-On No AAB 8181)wth efrd frOm ouober14.神 3

sdt F@., L.dr. Ed.EApolb M'lb CdnpdJrdN. iit Jdt ir.o, MddE?i/rrnb{i . ilOO On. H.

BSR&Co LLP

Independent Auditors' Report on Standalone Annual Financial Results ofTata Chemicals Limited pursuant to the Regulation 33 of the SEBI(ListingObligations and Disclosure Requirements) Regulations, 2015(Contin ued)

Tata Chemicals Limited

(ii) give a true and fair view ofthe net profit and other comprehensive income and other financialinformation for the year ended 3l March 201E.

FoTBSR&Co.LLPChartered Accountants

Firm's Registration No: l0l248WW-l 00022

Mumbail8 May 2018

Vw^l^r I rzr.'-rr'--".-

Vijay MathurParlner

Membership No: 046476

Iato Chan&aL Unrt dLgd. Ofic.: iorrtoy Houla, 2a Hod fifoit 3tr.l, hrr$a' - i0 @l

laotamra oa ll.rddolE Arr<nad ftE rld Larlt ld tha qudL. ohd y.d Grd.d Sl flach, 2olf(t rtt crr.)

Porliculors 0●●ruended

31

Morch2018

Quclerended

31

Decem曖

“2017

Qudof●nded

31

AAcch2017

Vegend●d

31

M● rch

2010

Ve●rended

31

M‐ch2017

l

2

3

ol Co5t of nEted(* comumedbl PrrcfEse5 ol rloclil-hodec) CttcrEeJ h invenlo.i€6 ol ft*hed 9006, v.,o.ti}

pfogaess ord Slockjrrircde

d) &cbe duly on 5ob of goo<bel &rfclcyee b€.Eftr aAer6e0 Pov/erond frJd

d F (&hf cid foftvadng ch<rg6hl frEnce coahi, Dep.ecinion atd omorltolibn ooerl'ejl Olhererlcer6esId.xp.nr6 (ao io 1n

5 Proa$ b.lo.r lq (9,1)

6 Tox expenses

o) Curenl tdb) Detefed to(Id tq.reGuaa (66 + ab,

7 tn from co.lhlrg og..!ftl! cr- fu (St8 Proft/(b6sl frorn aCcontixred operotbG befqe lq {note 2l, E(cepliord gdn Inetl lrlote 2ll0 Tqe)eer6e oi proft lrom 6cor ia.rod orle.olims {note 2llf hfl tro.tl drcor{Lirad o9anao6 ia.r iox (l.r-10, (ioi. a

Revenue rrom OperOhO“ inOle 6)

OlherincOrne

lold:ncome(1●21

Exp―

nd br the pedod (7+l I )OttEr cornp.eh.ndva nrconr (d ol iq)llens lhot wil nol be reclossified lo profil or lorg

Ioiol conrp.rh.Blv. lncorna lo. th. p.dod O 2+13)Poitl-l,p equity shore copilol(Foce volue: a l0 per rhore)

12

13

14

15

16 Debt Corild #I 7 Oltler equity18 Debenlure RederYplion Re5efve19 ffilB p.r {xr! rd conahrrht oFEfotl' (h O

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- Sosb ond Dfuled2l Eat*EE F.{ta ld cor*n h9 ard dacol*xr.d opsdo.E (h O

- Bost ord C*red22 Debt E$ity Rolio Inote 8l23 Debt Seryte Coveroge Rolio lnote 8l2,1 lnleresl Service Coveroge Rolio (nole 8l# Represenh non conyedibb clebenlues

' Nol onnuolsedSee onnexed legnenl inlomolion, bolonce slleet ond occomponyingnoles lo lhe slondobne finonciol resuth

,1

70,4

91197

1580 '3'2662,5

352417

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383704

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10067

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99221

12271

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2956

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473'3

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47'95

44896

09'520024

26666

37766

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12960

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Ioto Ch.mlcd! llmlt dSlonddonc Audtad S.gmGn}{lla LvanuG, ta3dlr, Asrat otrd uaallGt

(l ir crore)Pqdiculorr OuorLr

crded3t

lllorch,20la

Quqrlerendad

3lOecembci,

2017

Quorler

ended31

Morch2017

Yeqlcnded

3',|

Morch,20ta

Veorended

31

Morch,2017

Segmerll levenueo- lnorgonic chemicolsb. Others

Add: UnollocoledTold revenue fom operolion!

Segmer Results

o. lnorgonic chemicolsb. Olhers

Tofol segment results

Less :

(i) Finonce cosls

(iil Net unollocoted expendilure/(income)Tolql profil befo.e lox

Segment Asselro.lnorgonic chemicalsb. OthersTolol segmen'i ossets

Add: unollocotedIold drsels

Segmer Uqtitrtlero. lnorgonic chemicolsb. Olhers

Totol segmenl liobilities

Add:UnollocotedIold Ioblilie!

87404

438986981

417489079

4771

337683

14607

345980

3ア48391793

03291155

04293850

076352290

127

383463

241,:825 ,11 ,7 ,3926 352417 383704

26825

{l180}

26034

(11 76)

231 21

{1808)

99628

(4375}

98303

{8625)

25646

2456

{3953)

24858

2488

3621

21313

2956

3052

95253

8651

(375ア l

89678

10098

(821127142 1874, 15305 ,035, 80401

194386

18974

188277

16677

186831

14473

194386

18974

186831

144ア 3

213360

1095507

204954

806653

201304

8000'0

213360

10'5507

201304

8000901303867 1011607 10013,4 1308867 1001394

60078

5186

63263

4391

53447

4278

60078

518653447

4278

65264

164763

6ア654154709

57725

253056

65264

164763

57725

253056

230027 222363 310781 23∞ 27 310781

lnlormotlon relqting lo dircor inued operollont o! iloled ln notc 2lo lhc tlqndqlone llnonclol rerulh:

Poiliculors Quo.l.lend.d

3l,{qrch,

20ta

Quorlcicndcd

3lOeccmbel,

?lt7

Quorlerended

3tMqrch,

2017

Yeolended

3lMorch,

20ta

Yeqtended

3lMorch,

uol7

I Segmenl Revenue

2 Segment lesullt (berore tqx)3 Segmenl Alseh4 Segmenl liobililier

44009

125133

10856'

54995

1591 42

28573

286194

61535

9394ア

8144

278542

83610

408691

1651 アl

108569

54995

461680

18559

278542

83610

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Iqlo Ch.mlcolr llmllcdStondolone Audlled Bolonca Shcel or ol3'l March.2018

(a in crore)

As o1 31

Morch,2013As d 31

M● :ch′ 2017

ASSEIS

l{on.cu,rar ortch(ol Property, plonl ond equipment(b) Copilol workin-progress(c) lnvestment property(d) lnlongible osseh(e) lntongible ossels under developmenllf) Finonciolossels

li) lnvestments in sub6idiories ond joinl venture

fai) Other inveslments

{iii) Loons(iv) Otherfnonciolosseh

(gl Advonce lox osseh (net)(h) Other non-curent osseis

Iolol non-curelil olieh

Cuarenl orrel".(o) lnvenlories(b) Finonciolossets

{i) Trode receivobles(ii) Cosh ond cosh equivolents(iii) Eonk bolonces other thon (iil obove(iv) toons(v) Otherfinonciol osseh

lc) Other cunent osseh

Assets clossified os held for sole ond disconlinuedoperofionsTolqlcurGr orreisTolol orrett

EQUIIY AND UAUIMESEqulty(o) Equity shore copitol(b) Other equityIotql equlty

Llobllllic.I Non-cu,rer lloblltlei(o) Finonciol liobilities

(i) Bonowings(ii) Other finonciol liobililies

(b) Provisions

(c) Defered tox liobilities (net)

(d) Other non-cunenl liobililiesIol,ol non-cured lobllllct

2 Curenl liqbilliet(oJ Finonciol liobililies

(i) Bonowings(ii) Trode poyobles(iia) Other finonciol liobilities

(b) Other cunent liobilities(c) Provisions(d) Curent tox liobilities lnet)

Liobilities directly ossocioled with discontinuedoDerotidnrNIoid curcntlloblflie.

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ab‖ mes

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ψ̈

(2)

日

ｕ

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ｂ

138675

17587

22368030∞

ψ 30

236661

138

51342063

7538

1“969121フ7

1054

006

401737

223069110

0“43125

6525848449 83283`

45066

lЮ 36

33032,46563

051

ア165

17208

61153

1031`9

1097381470

06748 38

13403460418 2'3838

108r269 153262

508987 4471∞

1417436 127,936

25482

1106932

25482

8d〕D631132414 885545

68107029

11751

1ア2081050

108793170

14352

13855

105098145 138220

06142543

6406632789ア l,

1″ 15

52250511 73

66629722018284

10488

131882 205044

54995 511 27

186877 2561 ア1

205022 3'4391

1417436 127,,3`

″

Iolio Chcmlcob Umffrd

Noi.3 to lh. dondolonc imnclol r.3ulh :

I lhe obove results were reviewed by ihe Audii Commitlee ond opproved by the Boord o, DirecloB ol lheir meetingheld on l8 Moy. 2018. Ihe some hove been oudiled by lhe Stofutory Audilo6 who hove irsued on unquolifedopinion lhereon.

2 o. The Compony enlered into o Business Tronsfer Agreemenl on 6 November, 2017, wilh IRC Agrochemicols privoleLimited ('lRC), o wholv owned subsidiory ot lndoromo Holdings BV, Neiherlonds to tronsler ih Phospholic FediliserBusiness locoled ol Holdio ond lhe Troding Business comprising bulk ond non-bulk ferlililers, by woy of o rlump soleIor o consideroiion of ? 375 crore (subject to cerfoin odiuslmenls). Consequenlly, exceplionol goin (nel) for lhequorler ond yeor ended 3l Morch, 2018 includes o chorge ot < 12.67 crore ond ? 65.40 crore rerpecfi'vely,represenling the shortfoll belween the corrying volue ol nel Property, Plonl ond Equipmenl ('ppE'l ond therecoveroble volue. Ihe effeci of lhe lronsler will be reflecled in ihe finonciol infomolion of the period in wtrich lhedeol is consummoled posl receipl of oll lhe requisile regulolory opprovols.

b. on l2 Jonuory, 2018, lhe Compony consummoled lhe sole ond lronsfer of ils Ureo ond Cuslomised Fertilisers Businesslo Yoro Ferlilisers lndio Privote Limiled os conlemploied in lhe Scheme oI Arongemenl doled lO Augusl,2016.Exceplionol goin (nel) includes pre.fox goin oI ? 't ,279.39 crcte tot lhe yeor ended 3l Morch, 20 l g.

3 During lhe yeor ended 3l Morch, 2018, lhe Boord oI Directors of lhe Compony hos opproved lhe Scheme otAmolgomoiion (Scheme") under lhe provisions of Seclion 234 reod wilh Seclions 23O to 232 oI lhe Componies Act,20 I 3 ,or lhe merger of Bio Energy Venfure I (Mouritius) Pvt. Lld., o wholv owned subsidiory of lhe Compony, wilh lheCompony, lub.iecl to necessory slolulory ond regulotory opprovols, including opprovol of lhe Nolionol ComponyLow lribunol. The Scheme ir in lhe process of being filed.

4 Subsequent lo bolonce sheet doie, lhe Compony hos signed o Business Tronsfer Agreement with M/s. Allied SilicoLimited to ocquire lheir business of precipoled silico, on o slump sole bosis lor o considerolion of ? 123 crore (subieclto fulfilmenl of certoin ogreed condilions ond mileslones). The effecl oI ihe lronsfer will be reflecled in lhe finonciolintomotion ol lhe period in which the deol is consummoied posl fulfillment of ogreed condilions.

5 According io lhe requirement of lnd AS ond SEBI (Listing Obligolions ond Dsclosure Requhemenh) Regulolions, 2Ot5,revenue tor ihe cofiesponding previous quorler ond yeor ended 3l Morch, 2Ol7 ond quorler ended 30 June, 2Ol7(included in lhe retulls tor lhe yeor ended 3l Morch, 2018) were ond ore reporled inclusive ot Excise Duly.

The Govemmenl of lndio implemenled Goods ond Service lox (GSII lrom I July, 2Ol7 replocing Excise duty, serviceTox ond vodous olher indireci loxes. As per lnd AS l8 - Revenue, lhe revenue for ihe quorler ended 3l December,2017, quorter ond yeor ended 3l Morch, 2018 ore reported nel oI GsT. Hod lhe p;eviousv reporled revenues beenshown nel of excise duty, comporolive revenues of lhe Compony would hove been os lollows:

Podlculqrr Quorlel.nd.d

3l,liorch,

2018

QuollcrGndcd

3lDacambrr,

2017

QuoderGndcd

3lAlorch,

2017

Yaorendcd

3lLlorch,

20't 8

Yeol.nd.d

31

Morch,2017

Revenue from operolions (net) 91825 911,ア 87829 346601 360680

The oudited figures tor quorter ended 3l Morch, 2018 ond 3l Morch, 2017 ore lhe boloncing figures belweenoudited figures in respecl of lhe full finonciol yeor ond lhe yeor lo doie oudited figures uplo nine monlhs of thereleYoni rinonciol yeor.

The Boord o, Direclo6 hot recommended o dividend of I l0 % (previous yeor ll0 %) for lhe finonciol yeot 2017-18ond o speciol dividend of I l0% lo reflecl lhe disposol oI lhe Ferliliser Business, oggregoling lo I 22 per shore(previous yeor { ll pershore}.

ヽ　・ｔ　、

Iclro Ghcmlc& ltnledol.r io lhc donddooe 0noncbl tctub :

8 Formulo used for colculolion of Rolios (Coniinuing operolions):o) Debt Equity Rotio = Debt / Equriy

(Debl: Long-ierm bonowings + Cunenl motudlies of long iem bonowings + Short-lerm bonowings)(Equity: Shoreholde/s Funds)

b) Debt Service Coveroge Rolio = ftofil before lnteresl ond Tox / (lnterest + Principol repoyments)cl lnteresl SeMce Coveroge Rolio = Profi before lnleresl ond Tox / lnlerest

I Previot s pedod figures hove been regrouped lo conform wilh lhe clossificolion odopted in ihese finonciol resutls.

As per our report of even dole ottoched

FoTBSR&Co.LLPChortered AccountonrsFirm's Regislrotion No: l0l248w/W - 100022

V r*+ \ vrz-'tu-Vjoy Mo'thur

PoinerMembership No. 046476

Ploce: MumboiDole: l8 Moy, 2018

For ond on beholf ofTATA CHEMICALS LIMITED