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 For and on behalf of the Board of Directors Mumbai Sunil S Lalbhai July 19, 2010 Chairman and Managing Director provisionsof theCompaniesAct, 1956for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities iv) The attached annual accounts for the year ended March 31, 2010 were prepared on a going concern basis. Auditors Dalal and Shah, the Auditors of the Company, will retire at the conclusion of the ensuing AGM. They have given their consent to continue to act as the Auditors of the Company for 2010-11, if reappointed. The relevant notes forming a part of the accounts are self- explanatory and give full information and explanation in respect of the observations made by the Auditors in their Report. Acknowledgements The Board of Directors expresses its sincere thanks to all the customers, employees, investors, lenders, suppliers regulatory and government authorities and stock exchanges for their continuing support.