Atul Ltd 2009-10

Corporate Identity Serving Diverse Industries Purpose and Values Overview by the Chairman Operational Highlights Financial Analysis Research and Technology Safety, HealthandEnvironment Serving the Society Directors’ Report Management Discussion andAnalysis Report on Corporate Governance Financial Statements Research and Technology are two of the core foundations on which Atul will drive its performance and build its future. Supporting normal manufacturing, improving existing processes, reducing gaseous, liquid and solid wastes, introducing new products and enhancing people productivity are the key focus areas to which the people of the Company are fully committed. During the year, the Company undertook several initiatives in which Manufacturing, Research and Technology people with togetherness achieved further progress in the above areas some of which are highlighted on pages 10 and 11. The Company is building a state-of-the-art R&D centre for Pharmaceuticals and Intermediates Division which is expected to be ready during 2010-11. APIs and their intermediates have good potential, offer higher margins and have synergy with the existing operations. The new R&D centre will help introduce new products which have been identified by the Division. It may be worthwhile to mention that using Research and Technology it is possible to increase the current manufacturing capacities of many products with relatively small investments, the impact of which on sales and profit can be significant.