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 In its journey towards excellence, the Company is committed to providing an environment that is encouraging, nurturing and appreciative and one in which the employees can work to their potential and grow professionally as well as personally. Therefore, vigorous efforts were made to upgrade and improve the competencies of managers and also to fill up specific gaps. Competency model was prepared and training intervention on an average of 6.6 man days per employee was achieved during the year. Values form an integral part of the culture of the Company. To formalize Values, a guiding booklet was conceptualized and printed. Also, a specially designed motivational poster campaign called ADWAIT was launched. PeopleSoft, world class human resource management software has been implemented. This will provide easy access to extensive employee information, talent management through competency based recruitment, development, career and succession planning and an error free payroll management. Despite start up of an additional Pharma plant, expansion of Polymers and growth of consumer businesses in Crop Protection and Polymers, the manpower strength reduced to 2563 as on March 31, 2010 as a result of various productivity improvement measures adopted during the year. A long term Wage Settlement with the Unions is under discussion at Valsad and Ankleshwar sites which will help bring further long-term improvements. Statements made in the Management Discussion and Analysis report relating to projections, estimates, expectations or predictions are based on certain assumptions. The Company cannot guarantee that these assumptions are accurate or will be realised. The actual results,performanceorachievementsoftheCompanycould thus differ materially from those projected or estimated. Human Resources