69 Corporate Overview 01 - 23 Statutory Reports 24 - 109 Financial Statements 110 - 263 8.1. Compliance with the mandatory requirements The Company complied with the mandatory requirements of Corporate Governance as specified in Regulation 17 to 27 and Clauses (b) to (i) of sub-regulation (2) of Regulation 46 of the Regulations. 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 ii) Unqualified Financial Statements 9. Payment to Statutory Auditors During 2021-22, ` 0.78 cr was paid by the Company and its subsidiary companies to the Statutory Auditors | entities in network firm | network entity of which the Statutory Auditors are a member. 10. Evaluation by the Independent Directors The Independent Directors at their meeting held on March 25, 2022, carried out annual evaluation in accordance with the Regulation 25(4) of the Regulations. 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. 12. Certification by the Chief Executive Officer and the Chief Financial Officer Mr Sunil Lalbhai, Chairman and Managing Director and Mr Gopi Kannan Thirukonda, Whole-time Director and CFO, issued a certificate to the Board as prescribed under Regulation 17(8) of the Regulations. The said certificate was placed before the Board at the meeting held on April 26, 2022, in which the accounts for the year ended March 31, 2022, were considered and approved by the Board. 13. Certification by the Practicing Company Secretary Certificate from RPAP & Co, Practicing Company Secretary, regarding compliance of conditions of Corporate Governance as stipulated in Schedule V of the Regulations, forms a part of the annual report. 14. Declaration by the Chairman and Managing Director In accordance with Schedule V of the Regulations with the stock exchanges, all the Directors and Senior Management Personnel have, respectively, affirmed compliance with the code of conduct as approved and adopted by the Board. For Atul Ltd (Sunil Lalbhai) Mumbai Chairman and Managing Director April 26, 2022 DIN: 00045590
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