Atul Ltd 2018-19

8.2 Extent of compliance with the non-mandatory requirements The Company complies with the following non-mandatory requirements: i) Reporting of the Internal Auditor to the Audit Committee ĿĿȴ ÀŠƐƭîŕĿǛĚē GĿŠîŠČĿîŕ ¬ƥîƥĚŞĚŠƥƙ 9. Payment to Statutory Auditors During 2018-19, ` 0.61 cr was paid by the Company and its subsidiary companies to the Statutory Auditors | entities ĿŠ ŠĚƥǅūƑŒ ǛƑŞ ʈ ŠĚƥǅūƑŒ ĚŠƥĿƥǋ ūlj ǅĺĿČĺ ƥĺĚ ¬ƥîƥƭƥūƑǋ ƭēĿƥūƑƙ îƑĚ î ŞĚŞċĚƑȦ 10. Evaluation by the Independent Directors The Independent Directors at their meeting held on March 15, 2019 carried out annual evaluation in accordance with ƥĺĚ ¤ĚijƭŕîƥĿūŠ ǨǫȳǪȴ ūlj ƥĺĚ ¬ĚČƭƑĿƥĿĚƙ îŠē /ǊČĺîŠijĚ ūîƑē ūlj TŠēĿî ȳgĿƙƥĿŠij ~ċŕĿijîƥĿūŠƙ îŠē 'ĿƙČŕūƙƭƑĚ ¤ĚƐƭĿƑĚŞĚŠƥƙȴ Regulations, 2015. 11. Role of the Company Secretary in overall governance process The Directors have access to the suggestions and services of the Company Secretary | Legal department in ensuring an effective functioning of the Board and its Committees. The Company Secretary administers, attends and prepares minutes of the Board and the Committee proceedings in accordance with the statutory requirements as well as the norms of Corporate Governance. ǧǨȦ ĚƑƥĿǛČîƥĿūŠ ċǋ ƥĺĚ ĺĿĚlj /ǊĚČƭƥĿǄĚ ~ljǛČĚƑ îŠē ƥĺĚ ĺĿĚlj GĿŠîŠČĿîŕ ~ljǛČĚƑ Mr S S Lalbhai, Chairman and Managing Director and Mr T R Gopi Kannan, Whole-time Director and CFO issued a ČĚƑƥĿǛČîƥĚ ƥū ƥĺĚ ūîƑē îƙ ƎƑĚƙČƑĿċĚē ƭŠēĚƑ ¤ĚijƭŕîƥĿūŠ ǧǭȳǮȴ ūlj ƥĺĚ ¬ĚČƭƑĿƥĿĚƙ îŠē /ǊČĺîŠijĚ ūîƑē ūlj TŠēĿî ȳgĿƙƥĿŠij Obligations and Disclosure Requirements) Regulations, 2015. ¹ĺĚ ƙîĿē ČĚƑƥĿǛČîƥĚ ǅîƙ ƎŕîČĚē ċĚljūƑĚ ƥĺĚ ūîƑē îƥ ƥĺĚ ŞĚĚƥĿŠij ĺĚŕē ūŠ ƎƑĿŕ ǨǬȡ ǨǦǧǯ ĿŠ ǅĺĿČĺ ƥĺĚ îČČūƭŠƥƙ ljūƑ ƥĺĚ year ended March 31, 2019 were considered and approved by the Board. ǧǩȦ ĚƑƥĿǛČîƥĿūŠ ċǋ ƥĺĚ ¡ƑîČƥĿČĿŠij ūŞƎîŠǋ ¬ĚČƑĚƥîƑǋ ĚƑƥĿǛČîƥĚ ljƑūŞ ¤îŏĚƙĺ ¡îƑĚŒĺ ʁ ūȡ ¡ƑîČƥĿČĿŠij ūŞƎîŠǋ ¬ĚČƑĚƥîƑǋȡ ƑĚijîƑēĿŠij ČūŞƎŕĿîŠČĚ ūlj ČūŠēĿƥĿūŠƙ ūlj ūƑƎūƑîƥĚ HūǄĚƑŠîŠČĚ îƙ ƙƥĿƎƭŕîƥĚē ĿŠ ¬ČĺĚēƭŕĚ × ūlj ƥĺĚ ¬ĚČƭƑĿƥĿĚƙ îŠē /ǊČĺîŠijĚ ūîƑē ūlj TŠēĿî ȳgĿƙƥĿŠij ~ċŕĿijîƥĿūŠƙ îŠē 'ĿƙČŕūƙƭƑĚ Requirements) Regulations, 2015 forms a part of the Annual Report. 14. Declaration by the Chairman and Managing Director TŠ îČČūƑēîŠČĚ ǅĿƥĺ ¬ČĺĚēƭŕĚ × ūlj ƥĺĚ ¬ĚČƭƑĿƥĿĚƙ îŠē /ǊČĺîŠijĚ ūîƑē ūlj TŠēĿî ȳgĿƙƥĿŠij ~ċŕĿijîƥĿūŠƙ îŠē 'ĿƙČŕūƙƭƑĚ ¤ĚƐƭĿƑĚŞĚŠƥƙȴ ¤ĚijƭŕîƥĿūŠƙȡ ǨǦǧǫ ǅĿƥĺ ƥĺĚ ¬ƥūČŒ /ǊČĺîŠijĚƙȡ îŕŕ ƥĺĚ 'ĿƑĚČƥūƑƙ îŠē ¬ĚŠĿūƑ qîŠîijĚŞĚŠƥ ¡ĚƑƙūŠŠĚŕ ĺîǄĚȡ ƑĚƙƎĚČƥĿǄĚŕǋȡ îljǛƑŞĚē ČūŞƎŕĿîŠČĚ ǅĿƥĺ ƥĺĚ ūēĚ ūlj ūŠēƭČƥ îƙ îƎƎƑūǄĚē îŠē îēūƎƥĚē ċǋ ƥĺĚ ūîƑēȦ For Atul Ltd Mumbai (S S Lalbhai) April 26, 2019 Chairman and Managing Director Corporate Governance Report 81