Integrated Annual Report 2024-25 326 39. Financial instruments (contd.) (c) Liquidity risk management (contd.) Rupees crores Particulars Less than 1 Year 1-3 Years 3 Years to 5 Years 5 Years and above As at 31st March, 2024 Short term borrowings - Principal............................................................................. 450.03 — — — Short term borrowings - Interest............................................................................... 4.41 — — — Long term borrowings - Principal............................................................................... — 608.32 26.54 500.00 Long term borrowings - Interest................................................................................ 83.71 148.99 95.50 1,635.93 Lease liabilities (including interest)........................................................................... 148.37 253.86 93.29 28.79 Trade payables......................................................................................................................... 18,590.24 — — — Other Financial Liabilities................................................................................................. 1,388.32 209.63 176.87 280.39 Financial Guarantees........................................................................................................... 828.51 — — — Total............................................................................................................................................... 21,493.59 1,220.80 392.20 2,445.11 The amounts included above for financial guarantee contracts are the maximum amounts the Company could be forced to settle under the arrangement for the full guaranteed amount if that amount is claimed by the counterparty to the guarantee. Based on expectations at the end of the reporting period, the Company considers that it is more likely than not that such an amount will not be payable under the arrangement. (ii) Maturity profile of derivative financial liabilities The following table details the Company’s liquidity analysis for its derivative financial liabilities other than derivatives on interest in subsidiaries, associates and joint ventures. Rupees crores Particulars Less than 1 Year 1-3 Years 3-5 Years As at 31st March, 2025 Foreign exchange forward contracts................................................................................................................... 69.35 — — Commodity futures........................................................................................................................................................... 20.24 — — Total........................................................................................................................................................................................... 89.59 — — As at 31st March, 2024 Foreign exchange forward contracts................................................................................................................... 4.63 — — Commodity futures........................................................................................................................................................... 3.81 — — Total............................................................................................................................................................................................ 8.44 — — (d) Offsetting of balances The Company has not offset financial assets and financial liabilities. (e) Collaterals The Company has also availed working capital facilities and other non-fund based facilities viz. bank guarantees and letters of credit, which are secured by hypothecation of certain current assets..
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