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VII.
qƑ qūĺîŠîŠDžĿŕŕ ċĚ ĚŠƥĿƥŕĚē ƥū ƑĚĿŞċƭƑƙĚŞĚŠƥ ūlj ĚNJƎĚŠƙĚƙ ĿŠČƭƑƑĚē ċNj ĺĿŞ ĿŠ ČūŠŠĚČƥĿūŠDžĿƥĺ ƥĺĚ ċƭƙĿŠĚƙƙ ūlj ƥĺĚ ūŞƎîŠNjȦ
VIII.
The Directors are at liberty to appoint more than one Whole-time Director.
IX.
sūƥĿČĚ ƎĚƑĿūē ūlj ƙĿNJ ŞūŠƥĺƙ DžĿŕŕ ċĚ îƎƎŕĿČîċŕĚ ljƑūŞ ĚĿƥĺĚƑ ƙĿēĚȦ
¹ĺĚ ūîƑē ČūŠƙĿēĚƑƙ ƥĺîƥ ƥĺĚ îƙƙūČĿîƥĿūŠ ūlj qƑ qūĺîŠîŠ DžĿŕŕ ċĚ ċĚŠĚǛČĿîŕ ƥū ƥĺĚ ūŞƎîŠNjȦ ČČūƑēĿŠijŕNjȡ ƥĺĚ ūîƑē ƑĚČūŞŞĚŠēƙ
the resolution in item number 5 in the Notice in relation to the reappointment of Mr Mohanan as a Whole-time Director for
three years for approval by the Members as a special resolution.
Memorandum of interest
The nature of the concern or interest of Mr Mohanan, Whole-time Director, is that the above resolution pertains to his agreement
DžĿƥĺ ƥĺĚ ūŞƎîŠNj îŠē ĺĚ DžĿŕŕ ċĚ ƑĚČĚĿDŽĿŠij ƥĺĚ ƑĚŞƭŠĚƑîƥĿūŠ îƙ ƙƥîƥĚē ƥĺĚƑĚĿŠȡ Ŀlj îƎƎƑūDŽĚēȦ sūŠĚ ūlj ƥĺĚ ūƥĺĚƑ 'ĿƑĚČƥūƑƙ ūƑ eĚNj
qîŠîijĚƑĿîŕ ¡ĚƑƙūŠŠĚŕ ūlj ƥĺĚ ūŞƎîŠNj îŠē ƥĺĚĿƑ ƑĚŕîƥĿDŽĚƙ îƑĚ ČūŠČĚƑŠĚē ūƑ ĿŠƥĚƑĚƙƥĚēȡ ǛŠîŠČĿîŕŕNj ūƑ ūƥĺĚƑDžĿƙĚȡ ĿŠ ƥĺĚ ƙîĿē
resolution.
Item number 6
The Members in the AGM held on August 04, 2015 had appointed Mr M M Chitale as an Independent Director of the Company
ljūƑ î ƥĚƑŞ ūlj ǛDŽĚ ČūŠƙĚČƭƥĿDŽĚ NjĚîƑƙȡ ĚljljĚČƥĿDŽĚ ~ČƥūċĚƑ ǧǭȡ ǨǦǧǪȦ ¹ĺĚ ČƭƑƑĚŠƥ ƥĚƑŞ ūlj ĺĿƙ ūljǛČĚ Ŀƙ ēƭĚ ƥū ĚNJƎĿƑĚ ūŠ ~ČƥūċĚƑ ǧǬȡ
2019. His brief résumé is as under:
Name
Mr M M Chitale
Date of birth
November 16, 1949
Brief résumé
Mr MM Chitale is a Director of the Company since October 2014. He is a Member
of the Audit Committee and Chairman of the Nomination and Remuneration
Committee of the Board.
qƑ ĺĿƥîŕĚ Ŀƙ î ljūƭŠēĚƑ ūlj ƥĺĚ ĺîƑƥĚƑĚē ČČūƭŠƥîŠČNj ǛƑŞȡ qƭŒƭŠē q ĺĿƥîŕĚ
& Co. He has 46 years of experience in advising companies on their business,
ǛŠîŠČĿîŕ îŠē ƙƥƑîƥĚijĿČ ŞîƥƥĚƑƙ îŠē Ŀƙ îČŒŠūDžŕĚēijĚē îƙ îŠ ĚNJƎĚƑƥ ĿŠ îČČūƭŠƥĿŠij
and auditing matters in India.
qƑ ĺĿƥîŕĚ Džîƙ ƥĺĚ ¡ƑĚƙĿēĚŠƥ ūlj ƥĺĚ TŠƙƥĿƥƭƥĚ ūlj ĺîƑƥĚƑĚē ČČūƭŠƥîŠƥƙ ūlj TŠēĿî
îŠē ƥĺĚ ĺîĿƑŞîŠ ūlj ƥĺĚ ĚƑƙƥDžĺĿŕĚ sîƥĿūŠîŕ ēDŽĿƙūƑNj ūŞŞĿƥƥĚĚ ūŠ ČČūƭŠƥĿŠij
Standards. He has served on various committees set up by the Central
Vigilance Commission, the Government of India, the International Federation of
Accountants, the Reserve Bank of India and the Securities Exchange Board of
TŠēĿîȦ OĚ Ŀƙ ČūŠŠĚČƥĚē DžĿƥĺ DŽîƑĿūƭƙ ƑĚƎƭƥĚē ƙūČĿîŕ îŠē ĚēƭČîƥĿūŠîŕ ūƑijîŠĿƙîƥĿūŠƙȦ
qƑ ĺĿƥîŕĚ Ŀƙ î GĚŕŕūDž qĚŞċĚƑ ūlj ƥĺĚ TŠƙƥĿƥƭƥĚ ūlj ĺîƑƥĚƑĚē ČČūƭŠƥîŠƥƙ ūlj TŠēĿîȦ
Directorship in other companies
Public companies
ASREC (India) Ltd
Bhageria Industries Ltd
Essel Propack Ltd
L&T and L&T Infotech
Larsen & Toubro Ltd
Lodha Developers Ltd
R R Kabel Ltd
Private companies
Principal Asset Management Company Pvt Ltd – Chairman
Corporate Overview 01-22
Statutory Reports 23-105
Financial Statements 107-250
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Atul Ltd | Annual Report 2018-19