Atul Ltd Annual Report 2016-17_Aug 8

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Atul Ltd | Annual Report 2016-17
5.2 Code of Conduct
The Code of Conduct is available on the website of the Company at
All the Directors and the Senior Management Personnel have affirmed their compliance with the Code of Conduct.
A declaration to this effect signed by the Chairman and Managing Director forms a part of this report.
5.3 Prevention of Sexual Harassment of Women at Workplace
Pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and
the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Rules, 2013, the Company
has framed a policy on Prevention of Sexual Harassment of Women at Workplace. During 2016-17, no complaint was
received by the Committee set up pursuant to the aforesaid Policy.
5.4 Related Party Transactions
The Company has formulated a Related Party Transactions Policy and the same is disclosed on the website of the
Company at
5.5 ‘Material’ subsidiary companies
The Company has formulated a policy for determining ‘material’ subsidiary companies and the same is disclosed on the
website of the Company at
5.6 Familiarisation programs
The details of Familiarisation programs imparted to Independent Directors are disclosed on the website of the Company
at
5.7 Commodity price risk or foreign exchange risk and hedging activities
The Company does not go for commodity price risk hedging activities as it does not expect significant advantage in
medium to long-term horizon. However, for minimising procurement risk for short duration, it enters into annual
purchase contracts for key raw materials linked to input costs | published benchmark prices.
Foreign exchange risks are tracked and managed within the Risk Management framework. Short-term foreign currency
asset - liability mismatch is continuously monitored and hedged. The foreign exchange market is highly regulated and
the Company ensures compliance with all the regulations.
6. Affirmation and disclosure
There were no materially significant Related Party Transactions, pecuniary transactions or relationships between the
Company and its Directors or the Management and their subsidiary companies or relatives, among others, during 2016-
17 that may have a potential conflict with the interests of the Company at large. All details relating to financial and
commercial transactions where the Directors may have a pecuniary interest are provided to the Board and the interested
Directors neither participate in the discussion nor vote on such matters.
The Company complied with the statutory provisions, rules and regulations relating to the capital markets during the last
3 years and the Stock Exchanges or the Securities and Exchange Board of India or any statutory authority did not impose
any penalties or strictures on the Company for the said period.
7. Shareholders’ information
7.1 General Body meetings
7.1.1 Location and time where last 3 AGMs were held:
Year Location Date Time
2013-14 H T Parekh Hall
Ahmedabad Management Association
Dr Vikram Sarabhai Marg
Ahmedabad 380 015, Gujarat, India
July 25, 2014 11:00 am
2014-15 H T Parekh Hall
Ahmedabad Management Association
Dr Vikram Sarabhai Marg
Ahmedabad 380 015, Gujarat, India
August 04, 2015 10:30 am
2015-16 H T Parekh Hall
Ahmedabad Management Association
Dr Vikram Sarabhai Marg
Ahmedabad 380 015, Gujarat, India
July 29, 2016 10:30 am
7.1.2 Special Resolutions were passed in the previous 3 AGMs.
7.1.3 Resolutions through postal ballot were not passed.