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 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 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 26-34 Governance overview Theme Excel Endure Enhance 32 Corporate information 33 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
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