Page 173 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability Corporate Governance Policy Financial Statements Attachments
Report of the Board of Directors’ Responsibilities to the Financial Statements
Dear Shareholders,
The Board of Directors of the Company is responsible for the reporting and publication of financial statements of Tata Steel (Thailand) Public Company Limited and its subsidiary. This includes financial information disclosed in the Integrated Annual Report (56-1 One Report) for the financial year 2024-25, which have been prepared in accordance with Financial Reporting Standards prevailing in Thailand, and financial reporting requirements of the Securities and Exchange Commission under the Securities and Exchange Act. The policies pursued are appropriate and applied consistently with regard to reasonableness and careful preparation. Important information is also adequately and transparently disclosed in the notes to financial statements for the Company’s shareholders and investors.
The Board has appointed an Audit & Risk Review Committee comprising of Independent Directors to supervise and review financial statements as well as to assess the internal control and risk management systems to ensure that accounting records are accurate, complete, and timely to prevent frauds and unusual operations. The views of the Audit & Risk Review Committee are reported in the Report of the Audit & Risk Review Committee for Integrated Annual Report (56-1 One Report) for the financial year 2024-25 presented herein.
The Board believes that the internal control system of the Company, in general, is adequate to assure that the financial statements of Tata Steel (Thailand) Public Company Limited and its subsidiary present, in all material aspects, the financial positions, results of operations, and cash flow accurately.
Ashish Anupam
Chairman of the Board of Directors
Tarun Kumar Daga
President & CEO
56-1 One Report 2024-25 171