Atul Ltd 2021-22

185 Statutory Reports 24 - 109 Financial Statements 110 - 263 Corporate Overview 01 - 23 Note 28.22 Other statutory information a) The Company has not entered into any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961. b) The Company has complied with the number of layers prescribed under clause (87) of Section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017. c) The Company is not declared wilful defaulter by any bank or financial institution or other lenders. d) The Company has not traded or invested in crypto currency or virtual currency during the financial year. e) The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets or both during the year. f) No proceedings have been initiated or are pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made there under. g) No loans or advances in the nature of loans are granted to promoters, Directors, Key Managerial Personnel and the related parties (as defined under the Companies Act, 2013) either severally or jointly with any other person. Note 28.23 Events after the reporting period An incident of fire occurred on April 20, 2022, in one of the plants at Atul, Gujarat. Damage was restricted to that plant, and there was no injury or casualty of any individual. The Company is in the process of assessing the impact of this fire on the plant and related operations and filing necessary insurance claims. This subsequent non-adjusting event does not impact these financial results. Note 28.24 Rounding off Figures less than ` 50,000 have been shown at actual in brackets. Note 28.25 Authorisation for issue of the Standalone Financial Statements The Standalone Financial Statements were authorised for issue by the Board on April 26, 2022. In terms of our report attached For Deloitte Haskins & Sells LLP For and on behalf of the Board of Directors Chartered Accountants T R Gopi Kannan R A Shah V S Rangan S S Lalbhai Ketan Vora (DIN:00048645) (DIN:00009851) (DIN:00030248) (DIN:00045590) Partner Whole-time Director and CFO Chairman and Managing Director L P Patni B S Mehta M M Chitale S A Lalbhai Company Secretary (DIN:00035019) (DIN:00101004) (DIN:00009278) Managing Director B N Mohanan S M Datta S A Panse (DIN:00198716) (DIN:00032812) (DIN:02599310) Whole-time Director and President - U&S B R Arora Mumbai (DIN:00194168) Mumbai April 26, 2022 Directors April 26, 2022

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