The Company, being an infrastructure company, is exempt from the provisions as applicable to loans, guarantees, security and investments under Section 186 of the Companies Act, 2013 (âthe Actâ). The particulars of loans given, guarantees provided and investments made during the year are disclosed in Note 56 to the Standalone Financial Statements. Consolidated debt to equity (including deferred tax liability) ratio as at the end of FY22 was 0.83 (Previous Year: 0.73). Outstanding consolidated long term debt as on Mawas ?8,414 Crore (Refer Note 23 to the Consolidated Financial Statements). CRISIL has also upgraded long term rating of the Non-Convertible Debentures (NCDs) issued by Jodhpur Wind Farms Private Limited and Latur Renewable Private Limited, Wholly Owned Subsidiaries of the Company, from AA(CE)/Positive to AA (CE)/Stable, which has resulted in decrease in Coupon rate from 7.00% to 6.75% from the date of rating upgrade.įinance cost of the Company (on a consolidated basis) India Ratings has reaffirmed short term rating at IND A1 to the Commercial Paper Programme of the Company. Further, an amount of ?78.96 Crore has been transferred from Debenture Redemption Reserve to Retained Earnings pertaining to partial redemption of debentures during the year under review.ĭuring the year under review, CRISIL upgraded the longterm rating of the Company from AA/Positive to AA / Stable and reaffirmed short-term credit rating of the Company at A1. The Company has not transferred any amount to the General Reserve for the year under review, other than f1.91 Crore to certain specific reserves, as described in the Statement of Changes in Equity being part ofthe Standalone Financial Statements. Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable NCDs The Dividend Distribution Policy of the Company can be accessed at the Company''s website: DividendDistributionPolicv.pdf 93.92% of consolidated total comprehensive income for FY22. The total outflow on account of dividend is T432.56 Crore i.e. The Board has not considered any further dividend for the year. The Board of Directors, on February 03, 2022, declared interim dividend of T9.00 per equity share on 48,06,16,784 nos. 40% of its consolidated annual profits after tax as dividend in one or more tranches. Total comprehensive income for the year (after non-controlling interest)īasic and diluted earnings per share (T per share)Īs per Dividend Distribution Policy, the Company endeavours to distribute approx.

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