105 b) Others Regulatory and other claims: The Company has provided for certain regulatory and other charges for which it has received claims. The provision represents the unpaid amount that it expects to incur | pay for which the obligating event has already arisen as on the reporting date. ii) Movements in provisions Particulars As at March 31, 2024 As at March 31, 2023 Income tax Income tax Balance as at the beginning of the year 386.75 - Provision made during the year 57.10 386.75 Balance as at the end of the year 443.85 386.75 (` lakhs) Note 14 Borrowings Maturity Terms of repayment Interest rate p.a As at March 31, 2024 As at March 31, 2023 Current Non-current Current Non-current Secured a) Working capital loan from Axis bank Shortterm Repayable on demand 8.75% to 9.00% (March 31, 2023: 8.75% to 9.00%) - - 0.62 - Total - - 0.62 - Notes: i) Security details: Working capital loans repayable on demand from banks (March 31, 2024: ` nil March 31, 2023: ` 0.62 lakhs) is secured by hypothecation of tangible current assets, namely, inventories and book debts of the Company as a whole and also secured by second and subservient charge on immovable and movable assets of the Company. ii) Quarterly statements of current assets filed with banks during the year are in agreement with the books of account. iii) The carrying amount of assets hypothecated as security for borrowing limits are: Note 13 Provisions (continued)
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