Corporate Overview Statutory Reports Financial Statements 43 4. Subsidiary companies As at March 31, 2024, the Company had 33 non-material Indian subsidiary companies: a) 10 wholly-owned – Aaranyak Urmi Ltd, Atul Bioscience Ltd, Atul Biospace Ltd, Atul Consumer Products Ltd, Atul Crop Care Ltd, Atul Fin Resources Ltd, Atul Finserv Ltd, Atul Infotech Pvt Ltd, Atul Products Ltd and Osia Infrastructure Ltd b) 22 others – Aasthan Dates Ltd, Anchor Adhesives Pvt Ltd, Atul Aarogya Ltd, Atul Ayurveda Ltd, Atul Clean Energy Ltd, Atul Entertainment Ltd, Atul Healthcare Ltd, Atul Hospitality Ltd, Atul Lifescience Ltd, Atul Natural Dyes Ltd, Atul Natural Foods Ltd, Atul Nivesh Ltd, Atul Paints Ltd, Atul Polymers Products Ltd, Atul Renewable Energy Ltd, Atul (Retail) Brands Ltd, Atul Seeds Ltd, Biyaban Agri Ltd, Jayati Infrastructure Ltd, Osia Dairy Ltd, Raja Dates Ltd and Sehat Foods Ltd c) one joint venture – Atul Rajasthan Date Palms Ltd During 2023-24, in terms of Regulation 16 (1) (c) of the Regulations, Atul USA Inc was a material subsidiary company of the Company. Atul USA Inc was incorporated on May 11, 1994, in the USA. Sharpe Patel CPA, appointed its statutory auditors on June 29, 2020. The Financial Statements of the subsidiary companies were reviewed by the Audit Committee. The minutes of the Board meetings of all the subsidiary companies were placed before the Board. 5. Senior Management Particulars of Senior Management Personnel and change during 2023-24 are as follows: No. Name Position Executive Directors and Key Managerial Personnel 1 Sunil Lalbhai Chairman and Managing Director 2 Samveg Lalbhai Managing Director 3 Bharathy Mohanan Whole-time Director and Occupier 4 Gopi Kannan Thirukonda Whole-time Director and Chief Financial Officer 5 Lalit Patni Company Secretary and Chief Compliance Officer Business Heads 1 Vivek Gadre President 2 Rajeev Kumar President 3 Satish Patil President 4 Prabhakar Chebiyyam President 5 Praveen Shankar President 6 Tejas Shukla Executive Vice President 7 Ujjaval Shah Executive Vice President Function Heads 1 Dhiraj Asthana President 2 G Venugopala Rao President 3 Uday Bapat President 4 Suman Dutta President 5 Deepak Ahuja Executive Vice President Others Senior Management Personnel 1 Ajitsingh Batra Executive Vice President 2 Barun Ghosh Executive Vice President During the year, Mr Vasudev Koppaka, President, retired and Mr Barun Ghosh, Executive Vice President, was appointed.
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