Atul Ltd 2012-13

45 To the Members of Atul Ltd :H KDYH H[DPLQHG WKH FRPSOLDQFH RI FRQGLWLRQV RI &RUSRUDWH *RYHUQDQFH E\ $WXO /WG IRU WKH \HDU HQGHG 0DUFK DV VWLSXODWHG LQ &ODXVH RI WKH /LVWLQJ $JUHHPHQWV RI WKH VDLG &RPSDQ\ ZLWK 6WRFN ([FKDQJHV LQ ,QGLD 7KH FRPSOLDQFH RI FRQGLWLRQV RI &RUSRUDWH *RYHUQDQFH LV WKH UHVSRQVLELOLW\ RI WKH 0DQDJHPHQW 2XU H[DPLQDWLRQ ZDV FDUULHG RXW LQ DFFRUGDQFH ZLWK WKH *XLGDQFH 1RWH RQ &HUWLÀFDWLRQ RI &RUSRUDWH *RYHUQDQFH DV VWLSXODWHG LQ &ODXVH RI WKH /LVWLQJ $JUHHPHQWV LVVXHG E\ WKH ,QVWLWXWH RI &KDUWHUHG $FFRXQWDQWV RI ,QGLD DQG ZDV OLPLWHG WR SURFHGXUHV DQG LPSOHPHQWDWLRQ thereof, adopted by the Company for ensuring the compliance of the conditions of Corporate Governance. It is neither an audit QRU DQ H[SUHVVLRQ RI RSLQLRQ RQ WKH ÀQDQFLDO VWDWHPHQWV RI WKH &RPSDQ\ ,Q RXU RSLQLRQ DQG WR WKH EHVW RI RXU LQIRUPDWLRQ DQG DFFRUGLQJ WR WKH H[SODQDWLRQV JLYHQ WR XV ZH FHUWLI\ WKDW WKH &RPSDQ\ has complied with the conditions of Corporate Governance as stipulated in the above mentioned Listing Agreements. :H VWDWH WKDW VXFK FRPSOLDQFH LV QHLWKHU DQ DVVXUDQFH DV WR WKH IXWXUH YLDELOLW\ QRU WKH HIÀFLHQF\ RU HIIHFWLYHQHVV ZLWK ZKLFK WKH Management has conducted the affairs of the Company. For and on behalf of Dalal & Shah Firm Registration Number 102020W Chartered Accountants S Venkatesh Mumbai Partner May 07, 2013 Membership Number F-037942 Auditors’ Certificate regarding compliance of conditions of Corporate Governance