The tree featured on the cover page, coastal she-oak or saru (scientific name: Casuarina equisetifolia), is native to India (amongst other countries). It produces high-quality fuelwood and charcoal, is termite-resistant and highly durable and is used as a supporting material in buildings. It also has a high carbon sequestration capacity. We draw inspiration from such wonders of nature. The unseen roots of the tree represent the firm foundation and enriching legacy of our Company while the trunk signifies our perseverance to endure and withstand the test of time. The leaves and branches symbolise our aspiration to enhance the processes. The tree reaching towards the sky represents our endeavour to excel and grow our Company; thus, become a much better version of ourselves. - Albert Einstein In the middle of difficulty lies opportunity. Contents Theme Excel Endure Enhance 2 About Atul - Footprint 5 Performance at a glance 6 Business strategy 7 Pillars of value creation 8 Value creation model 10 Materiality assessment 12 Stakeholder engagement 26 Governance philosophy 27 Governance structure - Board of Directors 30 ESG framework 31 Risk framework 2-15 Corporate overview 26-31 Governance overview 292 Corporate information 293 Abbreviations Contact The members may send in their comments or suggestions for improvement of the integrated annual report by mailing to shareholders@atul.co.in 16 Letter to the shareholders 18 Financial trend (standalone financials) short-term 22 Financial trend (standalone financials) long-term 24 Environment and Social highlights 16-25 Performance overview 32 Directors’ Report 38 Annexure to the Directors’ Report 50 Management Discussion and Analysis 58 Corporate Governance Report 79 Business Responsibility and Sustainability Report 116 Notice 32-129 Statutory Reports 130-291 Financial Statements 131 Standalone Financial Statements - Independent Auditor’s Report - Financial Statements 210 Consolidated Financial Statements - Independent Auditor’s Report - Financial Statements 47th Annual General Meeting Friday, July 26, 2024 10:30 am The meeting will be held through video conferencing
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