262 Annual Report 2023-24 Atul Ltd g) No loans or advances in the nature of loans are granted to promoters, Directors, Key Managerial Personnel and the related parties (as defined under the Companies Act, 2013) either severally or jointly with any other person. h) The Parent and Indian subsidiaries do not have any charges or satisfaction of charges which are yet to be registered with the Registrar of Companies beyond the statutory period. Note 30.22 Audit trail As per the requirements of Rule 3(1) of the Companies (Accounts) Rules 2014, the Group uses only such accounting software for maintaining its books of account that has a feature of, recording audit trail of each and every transaction, creating an edit log of each change made in the books of account along with the date when such changes were made and who made those changes within such accounting software. This feature of recording audit trail has operated throughout the year and was not tampered with during the year. In respect of Parent, 31 of its subsidiary companies and one of its associate company audit trail was not enabled at the database level to log any direct changes for one of the accounting software used by these Companies. In respect of three of its subsidiary companies and one of its joint venture company, where accounting software was changed during the year, audit trail was not enabled at the database level to log any direct changes in both accounting software used by these Companies. The Group has established and maintained an adequate internal control framework over its financial reporting and based on its assessment, has concluded that the internal controls for the year ended March 31, 2024 were effective. The Group is in the process of system upgradation to meet the database level audit trail requirement Note 30.23 Authorisation for issue of the Consolidated Financial Statements The Consolidated Financial Statements were authorised for issue by the Board of Directors on April 26, 2024. In terms of our report attached For Deloitte Haskins & Sells LLP For and on behalf of the Board of Directors Chartered Accountants T R Gopi Kannan M M Chitale P J Banerjee S S Lalbhai Ketan Vora (DIN:00048645) (DIN:00101004) (DIN:02985965) (DIN:00045590) Partner Whole-time Director and CFO Chairman and Managing Director L P Patni S A Panse R R Iyer S A Lalbhai Company Secretary (DIN:02599310) (DIN: 00474407) (DIN:00009278) Managing Director B N Mohanan B R Arora S D Abhyankar (DIN:00198716) (DIN:00194168) (DIN: 00108866) Whole-time Director and President - U&S S A Shah Mumbai (DIN: 00058019) Mumbai April 26, 2024 Directors April 26, 2024
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