122 Atul Ltd | Annual Report 2022-23 Atul Ltd | Annual Report 2022-23 Atul Ltd Atul House G I Patel Marg Ahmedabad 380 014, Gujarat India Atul Ltd | Annual Report 2022-23 Reconnect | Reimagine | Regrow Corporate Overview Statutory Reports Financial Statements Referred to in paragraph 15 under ‘Report on Other legal and regulatory requirements’ section of our report of even date. To the best of our information and explanations provided to us by the Company and the books of account and records examined by us in the normal course of audit, we state that: 01. a) In respect of the property, plant and equipment and intangible assets of the Company: i. The Company has maintained proper records showing full particulars, including quantitative details and situation of property, plant and equipment, bearer plants, capital work-in-progress, investment properties and relevant details of right-of-use asset. ii. The Company has maintained proper records showing full particulars of intangible assets. b) The Company has a program of verification of property, plant and equipment, bearer plants, capital work-in-progress, investment properties and right-of-use asset so as to cover all the items Annexure B to the Independent Auditor’s Report in a phased manner once over a period of three years which, in our opinion, is reasonable having regards to size of the Company and the nature of its assets. Pursuant to the program, certain fixed assets were due for verification during the year and were physically verified by the Management during the year. According to the information and explanations given to us, nomaterial discrepancies were noticed on such verification. c) With respect to immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the Company) disclosed in the Standalone Financial Statements included in investment properties, according to the information and explanations given to us and the records examined by us and based on the examination of the registered sale deed | transfer deed | conveyance deed provided to us, we report that, the title deeds of such immovable properties are held in the name of the Company as at the Balance Sheet date, except the following: Particulars of land and building Carrying value as at March 31, 2023 (` cr) Held in the name of Whether promoter, Director or their relative or employee Held since Reason for not being held in the name of the Company Freehold land 0.15 Atul Products Ltd No February 26, 1992 In process of transfer in the name of the Company Freehold land 0.27 Various individuals No December 21, 2019 In process of transfer in the name of the Company Building in Delhi 0.01 Atul Products Ltd No March 31, 1968 In process of transfer in the name of the Company Freehold Land Others 4.73 Various individuals No August 24, 2021 In process of transfer in the name of the Company Freehold Land Others 1.09 Nita Shailen Harrai Desai No March 25, 2023 In Process of transfer in the name of the Company
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