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Forward looking statements
In this Annual Report, we have shared information and made forward looking statements to enable investors to know our product portfolio,
business logic and direction and thereby comprehend our prospects. Such and other statements – written and oral - that we may periodically make
are based on our assumptions. We have tried wherever possible to identify such statements by using words such as ‘anticipate’, ‘believe’, ‘estimate’,
‘intend’, ‘plan’, ‘project’ or words of similar substance in connection with any discussion of future performance. We cannot guarantee that these
forward looking statements will be realised although we believe we have been prudent in our assumptions. The actual results may be affected
because of uncertainties, risks and even inaccurate assumptions. If uncertainties or known or unknown risks materialise or if underlying assumptions
prove inaccurate, actual results can vary materially from those anticipated, believed, estimated, intended, planned or projected. We undertake no
obligation to publicly update any forward looking statements, whether as a result of new information, future events or otherwise.
Contents
Every morning we are born again. What we
do today is what matters the most.
~ Buddha
Recollecting 2013-14
Corporate Identity
Serving Diverse Industries
Purpose and Values
Letter to the Shareholders
Operational Highlights
Recognitions
Financial Charts
Research
Technology and Manufacturing
1
2
4
6
8
10
12
14
18
19
Safety, Health and Environment
Serving the Society
Board of Directors
Directors’ Report
Management Discussion and Analysis
Report on Corporate Governance
Notice
Decadal Review
Financial Statements
20
22
24
25
27
34
48
62
63
Our emphasis on continuous improvement is depicted by the ‘eye’ and our
commitment to serve our customers everywhere by the ‘globe’. The blue
contour signifying the sky denotes our aspiration to grow consistently and
the brown contour symbolising the earth, our obligation to the planet.
We in Atul are many, but we are all endeavouring to focus on achieving one
common purpose: to enhance performance of our Company and thereby
the value of all its stakeholders, namely, customers, employees, society and
shareholders.