Atul Ltd 2017-18

153 Opinion 08. In our opinion to the best of our information and according to the explanations given to us and based on the consideration of the reports of the other Auditors referred to in the Other matters paragraph below, Parent, its subsidiary companies and joint venture company, which are companies incorporated in India, have, in all material respects, an adequate Internal Financial Controls system over financial reporting and such Internal Financial Controls over financial reporting were operating effectively as at March 31, 2018, based on the internal controls over financial reporting criteria established by the respective companies considering the essential components of internal controls stated in the Guidance Note issued by the Institute of Chartered Accountants of India. Other Matters 09. Our aforesaid report under Section 143(3)(i) of the Act on the adequacy and operating effectiveness of the Internal Financial Controls over financial reporting insofar as it relates to 30 subsidiary companies and a joint operation, which are companies incorporated in India, is based solely on the corresponding reports of the Auditors of such companies incorporated in India. Our opinion is not modified in respect of the above matters. For Deloitte Haskins & Sells LLP Chartered Accountants Firm Registration Number: 117366W | W-100018 Samir R. Shah Mumbai Partner April 27, 2018 Membership Number: 101708