Integrated Annual Report FY 2024-25

Chemistry of SustainableGrowth

86th Integrated Annual Report 2024-25

Our Founder

Jamsetji Nusserwanji Tata

March 03, 1839 to May 19, 1904

In a free enterprise, the community is not just another stakeholder in business, but is in fact the very purpose of

its existence.

Remembering Mr. Tata

Padma Vibhushan Ratan N. Tata

December 28, 1937 to October 09, 2024

It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation.

For the Tata Group, Mr. Ratan Tata was more than a chairperson. He inspired by example. With an unwavering commitment to excellence, integrity and innovation, the Tata Group under his stewardship expanded its global footprint while always remaining true to its moral compass.

Mr. Tata’s dedication to philanthropy and the development of society has touched the lives of millions. From education to healthcare, his initiatives have left a deep-rooted mark that

will benefit generations to come. Reinforcing all of this work was

Mr. Tata’s genuine humility in every individual interaction.

His legacy will continue to inspire us as we strive to uphold the principles he so

passionately championed.

What’s

InsideAbout the Report

Basis of Reporting

Corporate Overview

04 Board of Directors

1. About Tata Chemicals

2. Performance Review

3. CEO’s Message

4. Safety at the Core

Our Businesses

Value Creation Approach

Our annual report is based on the principles of Integrated Reporting , a globally recognised benchmark for best practices in corporate reporting. We are committed to enhancing transparency and making disclosures beyond

statutory norms. With every passing year, we continue to enrich our report with additional disclosures, providing

stakeholders with comprehensive insights into our value creation process across multiple capitals. This enables them to make well-informed decisions.

This report has been prepared in accordance with the following:

Companies Act, 2013 and the Rules made thereunder Indian Accounting Standards (Ind AS) SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Secretarial Standards

We also align with internationally recognised frameworks and guidelines, including:

United Nations Global Compact Global Reporting Initiative (GRI) Standards framework of the International Integrated Reporting Council (IIRC)

26 Risk Management

32 Stakeholder Engagement

34 Materiality Assessment

Functions

50 Community

52 Governance

54 Engaging with Our Shareholders: Information and Grievance Redressal

Statutory Reports

Financial Statements

177 Standalone Financial Statements

252 Consolidated Financial Statements

347 Form AOC-1

349 Notice

366 Financial Statistics

368 Abbreviations

373 GRI Content Index

Scan the QR code to know more about us

To get this report online and for any other information, log on to: https://www.tatachemicals.com

activities of Tata Chemicals Limited (TCL)

and its subsidiaries for the period April 1, 2024 to March 31, 2025.

The financial information has been audited by B S R & Co. LLP, Chartered Accountants.

The Non-Financial Information included in BRSR, as referred to in the Reasonable and Limited Assurance Reports, has been

independently assured by KPMG Assurance and Consulting Services LLP.

Forward-Looking Statements

This report may contain forward-looking statements regarding our business operations, strategy, financial position and future objectives. These statements can be identified by words, such as ‘believes,’ ‘expects,’‘anticipates,’‘intends,’‘plans,’‘may,’ ‘will’ and similar expressions.

(Revised) standard, with:

Reasonable assurance for BRSR core attributes Limited assurance for select GRI and BRSR indicators

Details regarding assurance criteria, methodology and conclusions are provided in the assurance reports, which are annexed to the Business Responsibility and Sustainability Report (BRSR) and are available on the Company’s website: https://www.tatachemicals.com

Such statements are based on reasonable assumptions but are subject to uncertainties, risks and external factors beyond our control. Actual results may materially differ from those projected

in forward-looking statements. We assume no obligation to update or

approach and methodology. The effects

and explanations of these restatements are included under the respective BRSR principles to ensure completeness and comparability between the current and previous reporting years.

revise any forward-looking statements, whether due to new information, future developments, or other reasons.

‌Board of Directors

Integrated Report 04-55

Board of Directors

Statutory Reports 56-176

Financial Statements 177-348

Senior Management Personnel*

Mr. R. Mukundan

Managing Director and CEO

Mr. Nandakumar S. Tirumalai

Chief Financial Officer

Mr. Rajiv Chandan

Chief General Counsel and Company Secretary

Mr. K. R. Venkatadri

Chief Commercial Officer

Mr. Alok Chandra

Chief - Health, Safety, Environment and Sustainability Officer

Mr. Subodh Srivastav

Chief Marketing Officer

Mr. Narashimha V. Kamath

Chief Manufacturing Officer

Mr. Rino Raj

Vice President and Site Head – Mithapur

Mr. Rajesh V. Kamat

Vice President - Strategy and Corporate Projects

Mr. Rahul Pinjarkar

Chief Human Resources Officer

Mr. N. Chandrasekaran

Chairman (up to May 29, 2025)

A B C D

E A

E

F

Mr. S. Padmanabhan

Chairman (from May 30, 2025)

Ms. Padmini Khare Kaicker

Independent Director

*As on June 1, 2025

Dr. C. V. Natraj

Independent Director

A B D F

Mr. K. B. S. Anand

Independent Director

A A

B C

E F

Mr. Rajiv Dube

Independent Director

Financial Performance

FY25

14,887

12,622

FY22

16,789

FY23

15,421

FY24

Revenue (H crore)

EBITDA (H crore)

PAT (H crore)

Mr. Modan Saha

Director (from May 28, 2025)

FY25

1,953

C D E F

Mr. R. Mukundan

Managing Director and CEO

Mr. N. Chandrasekaran stepped down from the position of Director and Chairman of the Board of Directors of the Company with effect from May 29, 2025. The Board of Directors placed on record their highest appreciation for the guidance, support and the leadership provided by Mr. N. Chandrasekaran as Chairman of the Company during his tenure. Mr. S. Padmanabhan has been appointed as the Chairman of the Board with effect from May 30, 2025.

Cash from Operations (H crore)

Net Worth (H crore)

449*

FY25 354*

1,400

FY22

2,452

FY23

Net debt to Equity

FY25

1,761

FY25

22,501

FY25

0.25

You can read the detailed profiles of our Board of Directors at https://www.tatachemicals.com/about-us/leadership-team/board-of-directors

A

Audit Committee

B

Nomination and Remuneration Committee

Stakeholders Relationship Committee Corporate Social

C

D

Responsibility Committee

Risk Management Committee

E

F

Safety, Health, Environment and Sustainability Committee

Chairperson

Member

*After Exceptional items of INR 861 crore in FY24 and INR 125 crore in FY25

04 Integrated Annual Report 2024-25 Tata Chemicals 05

‌Integrated Report 04-55

About Tata Chemicals Performance Review

Statutory Reports 56-176

Financial Statements 177-348

About Tata Chemicals

Our Core Verticals

Basic Chemistry Products

1. Soda Ash (Sodium Carbonate)

2. Sodium Bicarbonate

3. Salt

4. Other inorganic products (Bromine, Caustic Soda, Cement)

Specialty Products

1. Agrochemicals and Seeds

2. Specialty Silica

3. Prebiotics (FOS)

mission

values

Serving Society through Science

vision

Be a leading sustainable chemistry solutions company

leadership

Passion Care

Performance Review

We have become the preferred choice for customers seeking sustainable chemistry solutions worldwide

3rd - largest Soda Ash producer globally (ex. China)

5th - largest Sodium Bicarbonate producer globally

Leading Producer of salt

in India and the UK

Zero freshwater withdrawal and zero waste to landfill at Mithapur

Pioneer in fermentation product technologies in India

Our Presence

Asia

J 7,104 crore

Revenue

3,471

Employees

3

R&D Centers

Highlights of FY 2025

Financial

J 14,887 crore

Revenue

J 1,953 crore

EBITDA

America

J 5,261 crore

Revenue

612

Employees

15

Plants

Customer

86

Customer Satisfaction Index (CSI)

90

Net Promoter Score (NPS)

Europe

J 2,007 crore

Revenue

377

Employees

Mumbai, India

Head Office

Operations

Production Volume (MT)

36,76,780

Soda Ash

16,83,320

Salt

2,37,489

Bicarbonate

Africa

J 669 crore

Revenue

329

Employees

Social

72%

Employee Engagement Score

34%

Increase in Renewable Energy

J 22.54 crore

CSR Spend

1includes lease liability

2Capital Employed = Networth plus Borrowing

Awards and Recognitions

Best Annual Report Award (Chemicals Category)

Recognised at India’s Best Annual Report Awards 2023 by Free Press Journal & CareEdge

Aegis Graham Bell Award

Tata Chemicals and Rallis India awarded for innovation in agriculture

Business World Ranking

Ranked 16th among India’s Top 50 Most Sustainable Companies and 1st in the Chemicals Sector

National Most Innovative Knowledge Enterprise (MIKE) Award

Recognised for excellence in knowledge-driven innovation

EcoVadis Gold Rating

TCE ranked in the top 5% of companies globally for sustainability performance

CII Safety Excellence Award

Tata Chemicals Mambattu won Silver for safety excellence

06 Integrated Annual Report 2024-25 Tata Chemicals 07