Atul Ltd 2021-22

193 Statutory Reports 24 - 109 Financial Statements 110 - 263 Corporate Overview 01 - 23 may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial controls over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. Opinion 08. In our opinion, to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other Auditors referred to in the other matters paragraph, the Parent, its subsidiary companies and a joint venture company, which are companies incorporated in India, have, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31, 2022, based on the internal control over financial reporting criteria established by the respective companies considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the ICAI. Other matters 09. Our aforesaid report under Section 143(3)(i) of the Act on the adequacy and operating effectiveness of the internal financial controls over financial reporting insofar as it relates to, 30 subsidiary companies, which are companies incorporated in India, is based solely on the corresponding reports of the Auditors of such companies. Our opinion is not modified in respect of the above matters. For Deloitte Haskins & Sells LLP Chartered Accountants Firm registration number: 117366W|W-100018 Ketan Vora Partner Mumbai Membership Number: 100459 April 26, 2022 UDIN: 22100459AIAQLX4183

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