Atul Ltd 2018-19

'ĿƑĚČƥūƑ ljūƑ ƙĚČūŠē ƥĚƑŞ ūlj ǛǄĚ ČūŠƙĚČƭƥĿǄĚ ǋĚîƑƙ ljūƑ ƥĺĚ îƎƎƑūǄîŕ ċǋ ƥĺĚ qĚŞċĚƑƙ îƙ î ƙƎĚČĿîŕ ƑĚƙūŕƭƥĿūŠȦ Memorandum of interest Except Ms Panse, 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 8 The Members in the AGM held on August 04, 2015 had appointed Mr B R Arora as an Independent Director of the Company ljūƑ î ƥĚƑŞ ūlj ǛǄĚ ČūŠƙĚČƭƥĿǄĚ ǋĚîƑƙȡ ĚljljĚČƥĿǄĚ ƎƑĿŕ Ǧǧȡ ǨǦǧǫȦ ¹ĺĚ ČƭƑƑĚŠƥ ƥĚƑŞ ūlj ĺĿƙ ūljǛČĚ Ŀƙ ēƭĚ ƥū ĚǊƎĿƑĚ ūŠ qîƑČĺ ǩǧȡ ǨǦǨǦȦ His brief résumé is as under: Name Mr B R Arora Date of birth June 03, 1944 Brief résumé Mr B R Arora is a Director of the Board since April 2015. He is a Member of the Audit Committee, the Nomination and Remuneration Committee and the Chairman of the Stakeholders Relationship Committee of the Board. qƑ ƑūƑî ĺîƙ Ǫǯ ǋĚîƑƙ ūlj ĚǊƎĚƑĿĚŠČĚ ǅĿƥĺ ŕĚîēĿŠij ŞƭŕƥĿŠîƥĿūŠîŕ ČūŞƎîŠĿĚƙ ĿŠ TŠēĿî and abroad in Agrochemicals, Biologics, Infant Nutrition and Pharmaceuticals Businesses. Mr Arora held several senior positions including Chairman, Cyanamid Agro Ltd, ManagingDirector, Cyanamid India Ltd, ChairmanandManagingDirector,Wyeth ȶ gĚēĚƑŕĚ gƥēȡ ¤ĚijĿūŠîŕ ¡ƑĚƙĿēĚŠƥ ȶ ƙĿîȡ ¡ǛǕĚƑ sƭƥƑĿƥĿūŠȡ ¤ĚijĿūŠîŕ ¡ƑĚƙĿēĚŠƥ ȶ ƙĿî îŠē ¡îČĿǛČ ¤Tqȡ sĚƙƥŕĚ ¬ ȡ ĺîĿƑŞîŠȡ ¡¹ ØǋĚƥĺȦ sƭƥƑĿƥĿūŠ TŠēūŠĚƙĿî îŠē ūîƑē qĚŞċĚƑȡ ØǋĚƥĺ ¡ĺĿŕĿƎƎĿŠĚƙ TŠČȦ OĚ ǅîƙ îŕƙū î qĚŞċĚƑ ūlj ƥĺĚ ūîƑē ūlj 'ĿƑĚČƥūƑƙ ūlj ƙĿî ¡îČĿǛČ TŠljîŠƥ îŠē ÞūƭŠij ĺĿŕē sƭƥƑĿƥĿūŠ ƙƙūČĿîƥĿūŠȡ ¬ĿŠijîƎūƑĚȡ Chairman of the American Business Council, Mumbai and Vice President of Organisation of Pharmaceuticals Producers of India. Mr Arora holds a graduate degree in Mechanical Engineering from Punjab Engineering College and has undergone several programs at Asian Institute of Management, Michigan Business School, Harvard Business School and London Business School. Directorship in other companies Public company Wockhardt Ltd Membership in committees of other companies Member of committees Wockhardt Ltd – Audit Committee Wockhardt Ltd – Stakeholders Relationship Committee ¤ĚŕîƥĿūŠƙĺĿƎ ǅĿƥĺ ūƥĺĚƑ 'ĿƑĚČƥūƑƙ None Number of shares held in the Company 100 Mr Arora, 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 ƎƑĿŕ Ǧǧȡ ǨǦǨǦ ƥū qîƑČĺ ǩǧȡ ǨǦǨǫȦ sūƥĿČĚ ĺîƙ ċĚĚŠ ƑĚČĚĿǄĚē ljƑūŞ î qĚŞċĚƑ ƎƑūƎūƙĿŠij qƑ ƑūƑî îƙ î ČîŠēĿēîƥĚ ljūƑ ƥĺĚ ūljǛČĚ of Director of the Company. Effective April 01, 2019, Regulation 17(1A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 introduced on May 09, 2018 inter alia ƑĚƐƭĿƑĚƙ ŏƭƙƥĿǛČîƥĿūŠ ĿŠ ƥĺĚ /ǊƎŕîŠîƥūƑǋ ¬ƥîƥĚŞĚŠƥ ljūƑ îƎƎūĿŠƥŞĚŠƥ ūlj î ƎĚƑƙūŠ ǅĺū ĺîƙ îƥƥîĿŠĚē ǭǫ ǋĚîƑƙ ūlj îijĚ îƙ îŠ TŠēĚƎĚŠēĚŠƥ 'ĿƑĚČƥūƑȦ In the opinion of the Board, Mr Arora: 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 103 Notice