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Consolidated Financial Statements of which we are
the Independent Auditors regarding, among other
matters, the planned scope and timing of the audit
îŠē ƙĿijŠĿǛČîŠƥ îƭēĿƥ ǛŠēĿŠijƙȡ ĿŠČŕƭēĿŠij îŠNj ƙĿijŠĿǛČîŠƥ
ēĚǛČĿĚŠČĿĚƙ ĿŠ ĿŠƥĚƑŠîŕ ČūŠƥƑūŕ ƥĺîƥ DžĚ ĿēĚŠƥĿljNj ēƭƑĿŠij
our audit.
We also provide those charged with governance with
a statement that we have complied with relevant
ethical requirements regarding independence and to
communicate with them all relationships and other
matters that may reasonably be thought to bear on
our independence and where applicable, related
safeguards.
From the matters communicated with those charged
with governance, we determine those matters
ƥĺîƥ DžĚƑĚ ūlj Şūƙƥ ƙĿijŠĿǛČîŠČĚ ĿŠ ƥĺĚ îƭēĿƥ ūlj ƥĺĚ
Consolidated Financial Statements of the current
period and are therefore the key audit matters. We
describe these matters in our Auditor’s Report unless
law or regulation precludes public disclosure about the
ŞîƥƥĚƑ ūƑ DžĺĚŠȡ ĿŠ ĚNJƥƑĚŞĚŕNj ƑîƑĚ ČĿƑČƭŞƙƥîŠČĚƙȡ DžĚ
determine that a matter should not be communicated
in our report because the adverse consequences of
ēūĿŠij ƙū Džūƭŕē ƑĚîƙūŠîċŕNj ċĚ ĚNJƎĚČƥĚē ƥū ūƭƥDžĚĿijĺ
ƥĺĚ ƎƭċŕĿČ ĿŠƥĚƑĚƙƥ ċĚŠĚǛƥƙ ūlj ƙƭČĺ ČūŞŞƭŠĿČîƥĿūŠȦ
Other matters
ǧǧȦ ØĚ ēĿē Šūƥ îƭēĿƥ ƥĺĚ GĿŠîŠČĿîŕ ¬ƥîƥĚŞĚŠƥƙ ʈ ǛŠîŠČĿîŕ
information of 27 subsidiary companies, whose
GĿŠîŠČĿîŕ ¬ƥîƥĚŞĚŠƥƙ ʈ ǛŠîŠČĿîŕ ĿŠljūƑŞîƥĿūŠ ƑĚǜĚČƥ
total assets of
`
201.36 cr as at March 31, 2019,
total revenues of
`
ǭǩǬȦǭǭ ČƑ îŠē ŠĚƥ Čîƙĺ ūƭƥǜūDžƙ
amounting to
`
0.86 cr for the year ended on that date,
as considered in theConsolidatedFinancial Statements.
¹ĺĚƙĚ GĿŠîŠČĿîŕ ¬ƥîƥĚŞĚŠƥƙ ʈ ǛŠîŠČĿîŕ ĿŠljūƑŞîƥĿūŠ
have been audited by other Auditors whose reports
have been furnished to us by the Management and
our opinion on the Consolidated Financial Statements,
in so far as it relates to the amounts and disclosures
included in respect of these subsidiary companies
and our report in terms of Sub-section (3) of Section
ǧǪǩ ūlj ƥĺĚ Čƥȡ ĿŠ ƙū ljîƑ îƙ Ŀƥ ƑĚŕîƥĚƙ ƥū ƥĺĚ îljūƑĚƙîĿē
subsidiary companies is based solely on the reports
of such other Auditors. Certain of these subsidiary
companies are located outside India whose Financial
¬ƥîƥĚŞĚŠƥƙ îŠē ūƥĺĚƑ ǛŠîŠČĿîŕ ĿŠljūƑŞîƥĿūŠ ĺîDŽĚ ċĚĚŠ
prepared in accordance with accounting principles
generally accepted in their respective countries and
which have been audited by other Auditors under
generally accepted auditing standards applicable
in their respective countries. Management of the
Company has converted the Financial Statements
of such subsidiary companies located outside India
from accounting principles generally accepted in
their respective countries to accounting principles
generally accepted in India. We have audited these
ČūŠDŽĚƑƙĿūŠ îēŏƭƙƥŞĚŠƥƙ ŞîēĚ ċNj ƥĺĚ qîŠîijĚŞĚŠƥ
of the Company. Our opinion in so far as it relates to
the balances and affairs of such subsidiary companies
located outside India is based on the report of other
ƭēĿƥūƑƙ îŠē ƥĺĚ ČūŠDŽĚƑƙĿūŠ îēŏƭƙƥŞĚŠƥƙ ƎƑĚƎîƑĚē ċNj
the Management of the Company and audited by us.
ǧǨȦ ØĚ ēĿē Šūƥ îƭēĿƥ ƥĺĚ ǛŠîŠČĿîŕ ĿŠljūƑŞîƥĿūŠ ūlj ljūƭƑ
ƙƭċƙĿēĿîƑNj ČūŞƎîŠĿĚƙȡ DžĺūƙĚ ǛŠîŠČĿîŕ ĿŠljūƑŞîƥĿūŠ
ƑĚǜĚČƥƙ ƥūƥîŕ îƙƙĚƥƙ ūlj
`
2.31 cr as at March 31,
2019, total revenue of
`
ǨȦǫǨ ČƑ îŠē ŠĚƥ Čîƙĺ ĿŠǜūDžƙ
amounting to
`
0.83 cr for the year ended on that
date, as considered in the Consolidated Financial
¬ƥîƥĚŞĚŠƥƙȦ ¹ĺĚƙĚ ǛŠîŠČĿîŕ ĿŠljūƑŞîƥĿūŠ îƑĚ ƭŠîƭēĿƥĚē
and have been furnished to us by the Management and
our opinion on the Consolidated Financial Statements,
in so far as it relates to the amounts and disclosures
included in respect of these subsidiary companies, is
ċîƙĚē ƙūŕĚŕNj ūŠ ƙƭČĺ ƭŠîƭēĿƥĚē ǛŠîŠČĿîŕ ĿŠljūƑŞîƥĿūŠȦ
In our opinion and according to the information and
ĚNJƎŕîŠîƥĿūŠƙ ijĿDŽĚŠ ƥū ƭƙ ċNj ƥĺĚ qîŠîijĚŞĚŠƥȡ ƥĺĿƙ
ǛŠîŠČĿîŕ ĿŠljūƑŞîƥĿūŠ Ŀƙ Šūƥ ŞîƥĚƑĿîŕ ƥū ƥĺĚ HƑūƭƎȦ
13. Our opinion on the Consolidated Financial Statements
above and our report on other legal and regulatory
ƑĚƐƭĿƑĚŞĚŠƥƙ ċĚŕūDžȡ Ŀƙ Šūƥ ŞūēĿǛĚē ĿŠ ƑĚƙƎĚČƥ ūlj ƥĺĚ
above matters with respect to our reliance on the
work done and the reports of other Auditors and the
GĿŠîŠČĿîŕ ¬ƥîƥĚŞĚŠƥƙ ʈ ǛŠîŠČĿîŕ ĿŠljūƑŞîƥĿūŠ ČĚƑƥĿǛĚē
by the Management.
Report on other legal and regulatory requirements
ǧǪȦ
ƙ ƑĚƐƭĿƑĚē ċNj ¬ĚČƥĿūŠ ǧǪǩȳǩȴ ūlj ƥĺĚ Čƥȡ ċîƙĚē ūŠ
our audit and on the consideration of the reports of
other Auditors on separate Financial Statements of
subsidiary companies incorporated in India, referred in
the Other matters paragraph above, we report, to the
ĚNJƥĚŠƥ îƎƎŕĿČîċŕĚȡ ƥĺîƥȠ
178
Atul Ltd | Annual Report 2018-19
Corporate Overview 01-22
Statutory Reports 23-105
Financial Statements 107-250