Atul Ltd 2021-22

121 Statutory Reports 24 - 109 Financial Statements 110 - 263 Corporate Overview 01 - 23 b) No report under Sub-section (12) of Section 143 of the Companies Act,2013 has been filed in Form ADT-4 as prescribed under Rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government, during the year and upto the date of this report. c) As represented to us by the Management, there were no whistleblower complaints received by the Company during the year. 12. The Company is not a Nidhi Company and hence reporting under Clause (xii) of the Order is not applicable. 13. In our opinion, the Company is in compliance with Section 177 and 188 of the Companies Act, 2013 where applicable, for all transactions with the related parties and the details of related party transactions have been disclosed in the Standalone Financial Statements as required by the applicable accounting standards. 14. a) In our opinion the Company has an adequate internal audit system commensurate with the size and the nature of its business. b) We have considered, the internal audit reports issued to the Company during the year and till date in determining the nature, timing and extent of our audit procedures. 15. In our opinion, during the year, the Company has not entered into any non-cash transactions with its Directors or Directors of its subsidiary companies or persons connected with them and hence provisions of Section 192 of the Companies Act, 2013 are not applicable. 16. a) In our opinion, the Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934. Hence, reporting under Clause (xvi)(a), (b) and (c) of the order is not applicable. b) In our opinion, the Group (the Company and its subsidiary companies, joint venture company and joint operation) does not have any core investment company (as defined in the Core Investment Companies (Reserve Bank) Directions, 2016) as part of the Group and accordingly reporting under clause (xvi)(d) of the Order is not applicable. 17. The Company has not incurred cash losses during the financial year covered by our audit and the immediately preceding financial year. 18. There has been no resignation of the Statutory Auditors of the Company during the year. 19. On the basis of the financial ratios, ageing and expected dates of realisation of financial assets and payment of financial liabilities, other information accompanying the Standalone Financial Statements and our knowledge of the Board of Directors and the Management plans and based on our examination of the evidence supporting the assumptions, nothing has come to our attention, which causes us to believe that any material uncertainty exists as on the date of the audit report indicating that the Company is not capable of meeting its liabilities existing at the date of Balance Sheet as and when they fall due within a period of one year from the Balance Sheet date. We however state that this is not an assurance as to the future viability of the Company. We further state that our reporting is based on the facts up to the date of the audit report and we neither give any guarantee nor any assurance that all liabilities falling due within a period of one year from the Balance Sheet date, will get discharged by the Company as and when they fall due. 20. a) In respect of other than ongoing projects, the Company has transferred the unspent Corporate Social Responsibility (CSR) amount to a fund specified in Schedule VII to the Companies Act, 2013 before the date of this report and within a period of six months of the expiry of the financial year in compliance with second proviso to Sub-section (5) of Section 135 of the said Act. b) In respect of ongoing projects, the Company has transferred unspent CSR amount, to a special account before the date of this report and within a period of 30 days from the end of the financial year in compliance with the provision of Section 135(6) of the Act. For Deloitte Haskins & Sells LLP Chartered Accountants Firm registration number: 117366W|W-100018 Ketan Vora Partner Mumbai Membership number: 100459 April 26, 2022 UDIN: 22100459AIAQGV9242

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