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9

will be inaugurated in 2015-16), will actualise further

our enduring commitment to the society.

All that our Company is doing, related to business or

social work, is impossible without the most important

asset, its

people

. I very much value the commitment

and contributions of the members of Atul family,

most of whom are ‘working behind the scenes’.

Atul HR continued to focus on improving processes

related to performance management and training and

development. An improved Reward and Recognition

Scheme has been evolved effective January 1, 2015.

The

Non-executive Directors

on our Company

Board are amongst the best; my colleagues and I are

privileged to benefit from their varied experience and

receive their constructive criticism, encouragement

and guidance. Mr Gopal Patel chose to retire because

of ill-health; the Board will miss a man with a keen

eye for detail. Our Company has inducted three

accomplished professionals, Mr Mukund Chitale,

Ms Shubhalakshmi Panse and Mr Baldev Arora, as

Independent Directors.

India is on the threshold of unprecedented growth,

and we will participate in this new story in different

ways, by growing existing products, adding

downstream products, introducing related products

and seeding new products - all by enhancing focus

on serving our customers and understanding their

dynamic expectations. To make this happen, we will

work with a

steely resolve

, with a

spirit of solidarity

and with a

sense of common purpose

which have

always propelled businesses further.

As a company whose inherent core Values are Indian

– where growing is considered incomplete without

caring and sharing – we will expand our business

footprints while protecting the environment and serving

the society with similar rigour. We are reinforcing this

concept of

Inclusiveness

in our approach to business,

and I am certain, as a Shareholder, you are equally

convinced about the strength of this universal concept

which has enabled our Company to sustain business

and create value over a long period of time.

As we ‘turn yet another page’ of our lives, may God bless

us all to work for and write a brighter future.

Sincerely,

(Sunil Siddharth Lalbhai)

Chairman and Managing Director

When a company grows its business while caring

for the environment and sharing (its knowledge,

resources and profit) with the society, it is actually

making its own journey sustainable; this is because

it then no longer exists for its own narrow objective

of profit, but instead becomes a part of the whole

ecosystem – with this, it consists of every element

of the whole, working for a larger purpose.

Our legendary Founder, Mr Kasturbhai Lalbhai,

established businesses keeping in focus this eternal

truth, and the team Atul is endeavouring to carry

forward this enriching legacy.

New registered office of Atul in Ahmedabad (inaugurated on January 21, 2015)