Atul Ltd 2018-19

Membership in committees of other companies Chairman of committees ASREC (India) Ltd – Nomination and Remuneration Committee Essel Propack Ltd – Audit Committee Larsen & Toubro Infotech Ltd – Audit Committee Larsen & Toubro Ltd – Audit Committee Lodha Developers Ltd – Audit Committee Member of committees ASREC (India) Ltd – Audit Committee ASREC (India) Ltd – Corporate Social Responsibility Committee Essel Propack Ltd – Nomination and Remuneration Committee Essel Propack Ltd – Corporate Social Responsibility Committee Lodha Developers Ltd – Nomination and Remuneration Committee Principal Asset Management Company Pvt Ltd - Audit Committee Principal Asset Management Company Pvt Ltd - Nomination and Remuneration Committee R R Kabel Ltd – Audit Committee R R Kabel Ltd – Nomination and Remuneration Committee ¤ĚŕîƥĿūŠƙĺĿƎ DžĿƥĺ ūƥĺĚƑ 'ĿƑĚČƥūƑƙ None Number of shares held in the Company 50 Mr Chitale, being eligible in terms of Section 149 and other applicable provisions of the Companies Act, 2013, offering himself ljūƑ îƎƎūĿŠƥŞĚŠƥȡ Ŀƥ Ŀƙ ƎƑūƎūƙĚē ƥū îƎƎūĿŠƥ ĺĿŞ îƙ îŠ TŠēĚƎĚŠēĚŠƥ 'ĿƑĚČƥūƑ ljūƑ ƥĺĚ ƙĚČūŠē ƥĚƑŞ ūlj ǛDŽĚ ČūŠƙĚČƭƥĿDŽĚ NjĚîƑƙ ljƑūŞ October 17, 2019 to October 16, 2024. A Notice has been received from a Member proposing Mr Chitale as a candidate for ƥĺĚ ūljǛČĚ ūlj 'ĿƑĚČƥūƑ ūlj ƥĺĚ ūŞƎîŠNjȦ In the opinion of the Board, Mr Chitale: i) possesses rich experience and expertise relevant to the Company ĿĿȴ ljƭŕǛŕƙ ƥĺĚ ČūŠēĿƥĿūŠƙ ƙƎĚČĿǛĚē ĿŠ ƥĺĚ ūŞƎîŠĿĚƙ Čƥȡ ǨǦǧǩ îŠē ƥĺĚ ¤ƭŕĚƙ ŞîēĚ ƥĺĚƑĚƭŠēĚƑ iii) is independent of the Management Further, his proposed appointment is on the basis of the reports of his performance evaluation. HĿDŽĚŠ ƥĺĚ îċūDŽĚȡ ČūƑƑūċūƑîƥĚē ċNj ƥĺĚ DŽîŕƭîċŕĚ ČūŠƥƑĿċƭƥĿūŠ ŞîēĚ ċNj qƑ ĺĿƥîŕĚȡ ƥĺĚ ūîƑē Ŀƙ ūlj ƥĺĚ DŽĿĚDž ƥĺîƥ ĺĿƙ ČūŠƥĿŠƭĚē îƙƙūČĿîƥĿūŠ DžĿŕŕ ċĚ ċĚŠĚǛČĿîŕ ƥū ƥĺĚ ūŞƎîŠNjȦ ČūƎNj ūlj ƥĺĚ ēƑîljƥ ŕĚƥƥĚƑ ljūƑ ƎƎūĿŠƥŞĚŠƥ ūlj qƑ ĺĿƥîŕĚ îƙ îŠ TŠēĚƎĚŠēĚŠƥ 'ĿƑĚČƥūƑ ƙĚƥƥĿŠij ūƭƥ ƥĺĚ ƥĚƑŞƙ îŠē ČūŠēĿƥĿūŠƙ DžĿŕŕ ċĚ îDŽîĿŕîċŕĚ ljūƑ ĿŠƙƎĚČƥĿūŠ DžĿƥĺūƭƥ îŠNj ljĚĚ ċNj ƥĺĚ qĚŞċĚƑƙ îƥ ƥĺĚ ƑĚijĿƙƥĚƑĚē ūljǛČĚ ūlj ƥĺĚ ūŞƎîŠNj ēƭƑĿŠij ŠūƑŞîŕ ċƭƙĿŠĚƙƙ ĺūƭƑƙ ūŠ îŠNj DžūƑŒĿŠij ēîNjȦ qƑ ĺĿƥîŕĚ ēūĚƙ Šūƥ ĺūŕē ċNj ĺĿŞƙĚŕlj ūƑ ƥūijĚƥĺĚƑ DžĿƥĺ ĺĿƙ ƑĚŕîƥĿDŽĚƙ ƥDžū ƎĚƑČĚŠƥ ūƑ ŞūƑĚ ūlj ƥĺĚ ƥūƥîŕ DŽūƥĿŠij ƎūDžĚƑ ūlj ƥĺĚ ūŞƎîŠNjȦ Accordingly, the Board recommends the resolution in item number 6 in relation to appointment of Mr Chitale as an Independent 'ĿƑĚČƥūƑ ljūƑ ƙĚČūŠē ƥĚƑŞ ūlj ǛDŽĚ ČūŠƙĚČƭƥĿDŽĚ NjĚîƑƙ ljūƑ ƥĺĚ îƎƎƑūDŽîŕ ċNj ƥĺĚ qĚŞċĚƑƙ îƙ î ƙƎĚČĿîŕ ƑĚƙūŕƭƥĿūŠȦ Memorandum of interest Except Mr Chitale, being an appointee, none of the Directors and Key Managerial Personnel of the Company and their relatives îƑĚ ČūŠČĚƑŠĚē ūƑ ĿŠƥĚƑĚƙƥĚēȡ ǛŠîŠČĿîŕŕNj ūƑ ūƥĺĚƑDžĿƙĚȡ ĿŠ ƥĺĚ ƑĚƙūŕƭƥĿūŠ ƙĚƥ ūƭƥ îƥ ĿƥĚŞ ŠƭŞċĚƑ ǬȦ Item number 7 The Members in the AGM held on August 04, 2015 had appointed Ms S A Panse as an Independent Director of the Company ljūƑ î ƥĚƑŞ ūlj ǛDŽĚ ČūŠƙĚČƭƥĿDŽĚ NjĚîƑƙȡ ĚljljĚČƥĿDŽĚ qîƑČĺ Ǩǭȡ ǨǦǧǫ ƥū qîƑČĺ ǨǬȡ ǨǦǨǦȦ ¹ĺĚ ČƭƑƑĚŠƥ ƥĚƑŞ ūlj ĺĚƑ ūljǛČĚ Ŀƙ ēƭĚ ƥū ĚNJƎĿƑĚ on March 26, 2020. Her brief résumé is as under: 101 Notice