64 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 8. Details of compliance with the mandatory requirements and extent of compliance with non-mandatory requirements 8.1. Compliance with the mandatory requirements The Company complied with the mandatory requirements of Corporate Governance as specified in Regulations 17 to 27 and Clauses (b) to (i) and (t ) 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 2022-23, ` 0.96 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 24, 2023, carried out an annual evaluation in accordance with Regulation 25(4) of the Regulations. 11. Role of the Company Secretary in the overall governance process The Directors have access to the suggestions and services of the Company Secretary | Legal department in ensuring the 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 28, 2023, in which the accounts for the year ended on March 31, 2023, were considered and approved by the Board. 13. Certification by the Practicing Company Secretary Certificate from RPAP & Co, Practicing Company Secretary, regarding the compliance of conditions of Corporate Governance as stipulated in Schedule V of the Regulations, and non-disqualification | non-debarment of the Directors of the Company, 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 28, 2023 DIN: 00045590
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