Atul Ltd 2016-17

Atul Ltd | Annual Report 2016-17 financial year ending March 31, 2018 as recommended by the Audit Committee and approved by the Board of Directors of the Company, to be paid to R Nanabhoy & Co, Cost Accountants, (FRN: 000010) for conducting Cost Audit of the applicable products in the category of Bulk Drugs, Chemicals, Insecticides, Inorganic Chemicals, Organic Chemicals and their derivatives and Polymers be and is hereby ratified and confirmed.” Notes 01. A Member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote instead of himself | herself and the proxy need not be a Member. A person can act as proxy on behalf of not more than 50 Members and holding in aggregate not more than 10% of the total share capital of the Company. In order that the appointment of a proxy is effective, the instrument appointing the proxy must be received at the registered office of the Company not later than 48 hours before the commencement of the meeting, that is, by 10:30 am on Wednesday, July 26, 2017. 02. Copies of the Balance Sheet, Statement of the Profit and Loss, the Directors’ Report, the Auditors’ Report and every other document required by law to be annexed or attached to the Balance Sheet for the financial year ended March 31, 2017 are annexed | attached. 03. The Register of Members and the Share Transfer Books of the Company will remain closed from July 15, 2017 to July 19, 2017 (both days inclusive). 04. The dividend if approved will be paid to those Members whose names stand on the Register of Members on July 14, 2017. The Members holding shares in electronic form may please note that: i) Instructions regarding bank details which they wish to incorporate in future dividend warrants must be submitted to their Depository Participants (DPs). As per the regulations of National Securities Depository Ltd and Central Depository Services (India) Ltd, the Company is obliged to print on the dividend warrants, bank details as furnished by these depositories. ii) Instructions already given by the Members for shares held in physical form will not be automatically applicable to the dividend paid on shares held in electronic form. Fresh instructions regarding bank details should be given to the DPs. iii) Instructions regarding change of address, nomination and power of attorney must be given directly to the DPs. 05. Unpaid dividend payable to the Members in respect of the 22 nd dividend onwards, that is, from financial year ended March 31, 2010, will be transferred to the Investor Education and Protection Fund (IEPF). Information in respect of such unclaimed dividends as to when they are due for transfer to the said fund is given below: Dividend Financial year ended Date of declaration of dividend Dividend payment Expected date of transfer of unpaid dividend to IEPF 22 nd March 31, 2010 September 06, 2010 40% September 05, 2017 23 rd March 31, 2011 August 04, 2011 45% August 03, 2018 24 th March 31, 2012 July 27, 2012 45% July 26, 2019 25 th March 31, 2013 July 26, 2013 60% July 25, 2020 26 th March 31, 2014 July 25, 2014 75% July 24, 2021 27 th March 31, 2015 August 04, 2015 85% August 03, 2022 28 th March 31, 2016 July 29, 2016 100% July 28, 2023 No claim will lie from a Member once the transfer is made to the said Fund. The Members who have not encashed their dividend warrants are requested to encash the same before the said transfer in their own interest. 06. Pursuant to the Investors Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (Rules), the Company has to transfer the Equity shares in respect of which dividend has not been claimed | encashed for 7 or more consecutive years to the Investor Education and Protection Fund (IEPF) of the Central Government. In this regard, during the financial year 2016-17, the Company sent letters to the Shareholders falling under the aforesaid category. The details of such Shareholders are available on the Company website at http://atul.co.in/investors/ shareholder-details.html Please note that once such shares are transferred to the IEPF, the same can be claimed from the IEPF Authority as per the procedure prescribed under the Rules. 07. Electronic copy of the Annual Report for 2016-17 is being sent to all the Members whose e-mail addresses are registered with the Company | Depository Participants; however, a print copy is being sent in the permitted mode to such Members who may have so requested and to the Members who have not so registered. 08. Electronic copy of the Notice, inter alia indicating the process and manner of e-voting along with attendance slip and proxy form is being sent to all the Members whose e-mail addresses are registered with the Company | Depository Participants for communication purposes unless any Member has requested for a print copy of the same. For the Members who have not so registered, physical copy of the Notice of the 40 th Annual General Meeting inter alia indicating the process and manner of e-voting along with attendance slip and proxy form is being sent in the permitted mode.