{"id":795,"date":"2024-06-10T06:30:32","date_gmt":"2024-06-10T06:30:32","guid":{"rendered":"https:\/\/investors.bajajauto.com\/ar24\/?page_id=795"},"modified":"2024-06-14T12:54:22","modified_gmt":"2024-06-14T12:54:22","slug":"36-capital-management","status":"publish","type":"page","link":"https:\/\/investors.bajajauto.com\/ar24\/36-capital-management\/","title":{"rendered":"36 Capital management"},"content":{"rendered":"\n<div class=\"row\"  id=\"row-540646143\">\n\n\n\t<div id=\"col-705422911\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<a href=\"https:\/\/investors.bajajauto.com\/ar24\/notes-to-consolidated-financial-statements\/\" class=\"button primary is-outline lowercase\"  style=\"border-radius:10px;\">\n    <span>Notes to Consolidated financial<\/span>\n  <\/a>\n\n\n\n\n<!DOCTYPE html>\n<html xmlns=\"http:\/\/www.w3.org\/1999\/xhtml\" lang=\"en-GB\">\n\t<head>\n\t\t<meta charset=\"utf-8\" \/>\n\t\t<title>Consol_Note36<\/title>\n\t\t<style>\n\t\t\tbody, div, dl, dt, dd, h1, h2, h3, h4, h5, h6, p, pre, code, blockquote {\n\tmargin:0;\n\tpadding:0;\n\tborder-width:0;\n}\nbody {\n\t-epub-hyphens:auto;\n}\ntable.Annual-Report-Main-Table {\n\tborder-collapse:collapse;\n\tborder-style:none;\n\tborder-width:0px;\n\tmargin-bottom:0px;\n\tmargin-top:0px;\n}\ntd.Annual-Report-Main-Table {\n\tborder-left-width:1px;\n\tborder-left-style:solid;\n\tborder-left-color:#000000;\n\tborder-top-width:1px;\n\tborder-top-style:solid;\n\tborder-top-color:#000000;\n\tborder-right-width:1px;\n\tborder-right-style:solid;\n\tborder-right-color:#000000;\n\tborder-bottom-width:1px;\n\tborder-bottom-style:solid;\n\tborder-bottom-color:#000000;\n\tpadding-top:4px;\n\tpadding-bottom:4px;\n\tpadding-left:4px;\n\tpadding-right:4px;\n\tvertical-align:top;\n}\ntd._R9-_-R9--00-Blank-Cell 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{\n\tborder-left-color:#000000;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-top-color:#808285;\n\tborder-top-style:solid;\n\tborder-top-width:2px;\n}\ntd._idGenCellOverride-12 {\n\tborder-right-color:#ffffff;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n}\ntd._idGenCellOverride-13 {\n\tborder-left-color:#ffffff;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-right-color:#005dac;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n}\ntd._idGenCellOverride-14 {\n\tborder-left-color:#000000;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n}\ncol._idGenTableRowColumn-1 {\n\twidth:1030px;\n}\ntr._idGenTableRowColumn-2 {\n\tmin-height:27px;\n}\ncol._idGenTableRowColumn-3 {\n\twidth:801px;\n}\ncol._idGenTableRowColumn-4 {\n\twidth:11px;\n}\ncol._idGenTableRowColumn-5 {\n\twidth:103px;\n}\ntr._idGenTableRowColumn-6 {\n\tmin-height:28px;\n}\ntr._idGenTableRowColumn-7 {\n\tmin-height:29px;\n}\ndiv._idGenObjectStyleOverride-1 {\n\tborder-width:0px;\n}\n\n\t\t<\/style>\n\t<\/head>\n\t<body id=\"Consol_Note36\">\n\t\t<div id=\"_idContainer000\" class=\"_idGenObjectStyleOverride-1\">\n\t\t\t<table id=\"table001\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-1\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-2\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--01-Color_Head\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Main_Head_Color\" lang=\"en-US\">36&#9;Capital management<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"_R9--Nonfinancial_-Note01-00Indent_Bold ParaOverride-1\" lang=\"en-US\">Objectives, policies and processes of capital management<\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-Note01-00Indent ParaOverride-1\" lang=\"en-US\">For the purpose of the Group\u2019s capital management, capital includes issued equity capital, securities premium and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Group\u2019s capital management is to maximise the shareholder value. The Group manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. The Group is not exposed to any regulatory imposed capital requirements.<\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-Note01-00Indent ParaOverride-1\" lang=\"en-US\">The cash surpluses are currently invested in income generating debt instruments (including through mutual funds) and money market instruments depending on economic conditions in line with the guidelines set out by the management. Safety of capital is of prime importance to ensure availability of capital for operations. Investment objective is to provide safety and adequate return on the surplus funds.<\/p>\n\t\t\t<table id=\"table002\" class=\"Annual-Report-Main-Table TableOverride-1\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-3\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-5\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-5\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--02-Rupees_In_Crore\" colspan=\"5\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Rupees_In_Crore\" lang=\"en-US\">(<span class=\"ITF-Rupee\">\u20b9<\/span> In Crore)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--05-Thickline-Black--Right- _idGenCellOverride-1\" rowspan=\"2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Right- ParaOverride-2\"><span lang=\"en-US\">Particulars<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-2\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--04-As-at-31-March _idGenCellOverride-3\" colspan=\"3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-As-at-31-March\" lang=\"en-US\">As at 31 March<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--05-CY2023 _idGenCellOverride-4\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Color-\">2024<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--05-Thickline-Black--Right- _idGenCellOverride-6\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Right-\">2023<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--05-Thickline-Black--Right- _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Right- ParaOverride-2\"><span lang=\"en-US\">&#160;&#160;&#160;&#160;<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-8\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure-Color- _idGenCellOverride-9\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-10\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _idGenCellOverride-11\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-12\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Equity<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-13\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure-Color-\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure-Color-\" lang=\"en-US\"> 28,962.42 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-10\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 29,361.55 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-12\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Less: &#9;Tangible and other assets<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-13\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure-Color-\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure-Color-\" lang=\"en-US\"> 3,600.19 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-10\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 3,380.34 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text CellOverride-1 _idGenCellOverride-12\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Working capital (excluding investments)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-13\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure-Color-\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure-Color-\" lang=\"en-US\"> (2,724.45)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-10\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> (201.70)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text CellOverride-1 _idGenCellOverride-12\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Investments in subsidiaries\/associate<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-13\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure-Color-\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure-Color-\" lang=\"en-US\"> 4,820.40 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-10\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 4,884.03 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text-Bold- _idGenCellOverride-12\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text-Bold-\">Investments in debt and similar investments<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-13\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure-Color-\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure-Color-\" lang=\"en-US\"> 23,266.28 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-10\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 21,298.88 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"_R9--Nonfinancial_-Note01-00Indent\" lang=\"en-US\">No changes were made in the objectives, policies and processes of capital management during the year.<\/p>\n\t\t<\/div>\n\t<\/body>\n<\/html>\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-795","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/investors.bajajauto.com\/ar24\/wp-json\/wp\/v2\/pages\/795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investors.bajajauto.com\/ar24\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/investors.bajajauto.com\/ar24\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/investors.bajajauto.com\/ar24\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/investors.bajajauto.com\/ar24\/wp-json\/wp\/v2\/comments?post=795"}],"version-history":[{"count":4,"href":"https:\/\/investors.bajajauto.com\/ar24\/wp-json\/wp\/v2\/pages\/795\/revisions"}],"predecessor-version":[{"id":1405,"href":"https:\/\/investors.bajajauto.com\/ar24\/wp-json\/wp\/v2\/pages\/795\/revisions\/1405"}],"wp:attachment":[{"href":"https:\/\/investors.bajajauto.com\/ar24\/wp-json\/wp\/v2\/media?parent=795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}