Atul Ltd 2022-23

195 other Auditors of such subsidiary companies and associate company respectively that, to the best of their knowledge and belief, no funds have been received by the Company or any of such subsidiary companies and associate company from any person or entity, including foreign entities (funding parties), with the understanding, whether recorded in writing or otherwise, that the Company or any of such subsidiary companies and associate company shall, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiary) or provide any guarantee, security or the like on behalf of the ultimate beneficiaries. (c) Based on the audit procedures that has been considered reasonable and appropriate in the circumstances performed by us and those performed by the Auditors of the subsidiary companies, which are incorporated in India, whose Financial Statements have been audited under the Act, nothing has come to our or other Auditor’s notice that has caused us or the other Auditors to believe that the representations under Sub-clause (i) and (ii) of Rule 11(e), as provided under (a) and (b) above, contain any material misstatement. v. As stated in Note no. 30.15 to the Consolidated Financial Statements (a) The final dividend proposed in the previous year, declared and paid by the Company during the year is in accordance with Section 123 of the Act, as applicable. (b) The interim dividend declared and paid by the Parent during the year and until the date of this report is in compliance with Section 123 of the Act. (c) The Board of Directors of the Parent have proposed final dividend for the year, which is subject to the approval of the members at the ensuing Annual General Meeting. The amount of dividend proposed, declared is in accordance with Section 123 of the Act, as applicable. vi. Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining books of account using accounting software which has a feature of recording audit trail (edit log) facility is applicable to the Company effective from April 01, 2023, and accordingly, reporting under Rule 11(g) of Companies (Audit and Auditors) Rules, 2014 is not applicable for the financial year ended March 31, 2023. 18. With respect to the matters specified in paragraphs 3(xxi) and 4 of the Companies (Auditor’s Report ) Order, 2020 (the Order) issued by the Central Government in terms of Section 143(11) of the Act, to be included in the Auditor’s Report, according to the information and explanations given to us, and based on the CARO report issued by the Auditors of the subsidiary companies and a joint venture company included in the Consolidated Financial Statements of the Company, to which reporting under CARO is applicable, provided to us by the Management of the Company and based on the identification of matters of qualifications or adverse remarks in their CARO reports by the respective component Auditors and provided to us, we report that the Auditors of such companies have not reported any qualifications or adverse remarks in their CARO report. For Deloitte Haskins & Sells LLP Chartered Accountants Firm registration number: 117366W|W-100018 Ketan Vora Partner Mumbai Membership Number: 100459 April 28, 2023 UDIN: 23100459BGXJHA9068

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