Atul Ltd 2018-19

Independent Auditor's Report To the Members of Atul Ltd Report on the Consolidated Financial Statements Opinion 01. We have audited the accompanying Consolidated Financial Statements of Atul Ltd (the Parent ) and its subsidiary companies, (the Parent and its subsidiary companies together referred to as the Group) which ĿŠČŕƭēĚƙ ƥĺĚ ƙĺîƑĚ ūlj ƎƑūǛƥ ūlj ƥĺĚ HƑūƭƎ ĿŠ î ŏūĿŠƥ venture company, which comprise the Consolidated Balance Sheet as at March 31, 2019, the Consolidated ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ȳĿŠČŕƭēĿŠij ūƥĺĚƑ comprehensive income), the Consolidated Statement of Cash Flows and the Consolidated Statement of changes in equity, for the year then ended, a summary ūlj ƙĿijŠĿǛČîŠƥ îČČūƭŠƥĿŠij ƎūŕĿČĿĚƙ îŠē ūƥĺĚƑ ĚǊƎŕîŠîƥūƑǋ ĿŠljūƑŞîƥĿūŠ îŠē ǅĺĿČĺ ĿŠČŕƭēĚƙ î ŏūĿŠƥ ūƎĚƑîƥĿūŠ ūlj ƥĺĚ Group accounted on proportionate basis. 02. In our opinion and to the best of our information îŠē îČČūƑēĿŠij ƥū ƥĺĚ ĚǊƎŕîŠîƥĿūŠƙ ijĿǄĚŠ ƥū ƭƙ îŠē based on the consideration of reports of the other Auditors on separate Financial Statements of the subsidiary companies referred to in the Other matters section below, the aforesaid Consolidated Financial Statements give the information required by the Companies Act, 2013 (the Act ) in the manner so required and give a true and fair view in conformity with the Indian Accounting Standards prescribed under Section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended (Ind AS) and other accounting principles generally accepted in India, of the consolidated state of affairs of the Group as at March 31, 2019 and their consolidated ƎƑūǛƥȡ ƥĺĚĿƑ ČūŠƙūŕĿēîƥĚē ƥūƥîŕ ČūŞƎƑĚĺĚŠƙĿǄĚ ĿŠČūŞĚȡ ƥĺĚĿƑ ČūŠƙūŕĿēîƥĚē Čîƙĺ ǜūǅƙ îŠē ƥĺĚĿƑ ČūŠƙūŕĿēîƥĚē changes in equity for the year ended on that date. Basis for opinion 03. We conducted our audit of the Consolidated Financial Statements in accordance with the Standards on ƭēĿƥĿŠij ƙƎĚČĿǛĚē ƭŠēĚƑ ¬ĚČƥĿūŠ ǧǪǩȳǧǦȴ ūlj ƥĺĚ Čƥ (SAs). Our responsibilities under those Standards are further described in the Auditor’s responsibility for the audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the ethical requirements that are relevant to our audit of the Consolidated Financial Statements under the provisions of the Act and the ¤ƭŕĚƙ ŞîēĚ ƥĺĚƑĚƭŠēĚƑ îŠē ǅĚ ĺîǄĚ ljƭŕǛŕŕĚē ūƭƑ other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us and the audit evidence obtained by the other Auditors in terms of their reports referred to in the Other matters section ċĚŕūǅȡ Ŀƙ ƙƭljǛČĿĚŠƥ îŠē îƎƎƑūƎƑĿîƥĚ ƥū ƎƑūǄĿēĚ î ċîƙĿƙ for our audit opinion on the Consolidated Financial Statements. Key audit matters ǦǪȦ eĚǋ îƭēĿƥ ŞîƥƥĚƑƙ îƑĚ ƥĺūƙĚ ŞîƥƥĚƑƙ ƥĺîƥȡ ĿŠ ūƭƑ ƎƑūljĚƙƙĿūŠîŕ ŏƭēijĚŞĚŠƥȡ ǅĚƑĚ ūlj Şūƙƥ ƙĿijŠĿǛČîŠČĚ ĿŠ our audit of the Consolidated Financial Statements of the current period. These matters were addressed in ƥĺĚ ČūŠƥĚǊƥ ūlj ūƭƑ îƭēĿƥ ūlj ƥĺĚ ūŠƙūŕĿēîƥĚē GĿŠîŠČĿîŕ Statements as a whole and in forming our opinion thereon and we do not provide a separate opinion on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report. ǧǭǪ Atul Ltd | Annual Report 2018-19 Corporate Overview 01-22 Statutory Reports 23-105 Financial Statements 107-250