|
7 Other financial assets (Unsecured, good, unless stated otherwise) |
||||||||
|
(₹ In Crore) |
||||||||
|
Particulars |
At amortised costs |
|||||||
|
Non-current |
Current |
|||||||
|
As at 31 March |
As at 31 March |
|||||||
|
2026 |
2025 |
2026 |
2025 |
|||||
|
|
||||||||
|
At amortised costs |
||||||||
|
Bank deposits [See note 12]* |
– |
92.11 |
290.48 |
514.18 |
||||
|
Security deposits ** |
126.68 |
31.58 |
21.43 |
– |
||||
|
Interest receivable on investments |
– |
– |
166.67 |
83.97 |
||||
|
Interest receivable on loans, deposits etc. |
– |
– |
48.73 |
8.92 |
||||
|
Incentives receivable from Government |
– |
– |
1,284.18 |
986.76 |
||||
|
Other advances*** |
– |
– |
596.52 |
559.85 |
||||
|
Other receivables |
5.94 |
– |
302.94 |
11.54 |
||||
|
|
||||||||
|
At fair value through profit and loss |
||||||||
|
Mark-to-market gains on derivative instruments # [See note 40] |
– |
– |
– |
2.51 |
||||
|
|
||||||||
|
At fair value through OCI |
||||||||
|
Mark-to-market gains on derivative instruments # [See note 40] |
231.46 |
1.14 |
– |
– |
||||
|
364.08 |
124.83 |
2,710.95 |
2,167.73 |
|||||
* The current balance ₹ 290.48 crore as at 31 March 2026 represents a mandatory deposit maintained under the Wells Fargo program. The program is a structured arrangement with Wells Fargo that requires the BAIHAG Group to hold a fixed deposit balance as part of its participation. This deposit is classified as restricted cash, as it is not available for immediate use or conversion. Any withdrawal or conversion of the deposit would result in termination of the program.
** Security deposits include a sum as at 31 March 2026 of ₹ 2.17 crore (previous year ₹ 1.92 crore) against use of premises on a Leave License basis, placed with directors and their relatives, jointly and severally. [see note 42]
*** It includes ₹ 448.73 crores (previous year ₹ 444.37 crore) short term interest free advances provided to dealers of holding company which are adjusted against loan disbursements of the financial service business of the Group.
# 31 March 2026 Derivative transactions comprises Cross Currency Interest Rate Swaps (CCIRS). The Company undertakes such transactions for hedging interest/foreign exchange risk on borrowings. The Asset Liability Management Committee periodically monitors and reviews the risks involved. The notional amount for CCIRS represents underlying foreign currency borrowings for which the Company has entered to hedge the variable interest rate and foreign exchange risks.
31 March 2025: Forward contract receivable are derivative instruments measured at fair value through profit and loss which reflect the positive change in fair value of those foreign exchange forward contracts that are not designated in hedge relationships, but are, nevertheless, intended to reduce the level of foreign currency risk.