Atul Cover DS (Spine 20mm)

2.1.4 Recommending:

appointment of the Statutory Auditors

ĿĿȴ

ǛŠîŕ ēĿǄĿēĚŠē

2.1.5 Reviewing:

corporate strategy, major plans of action, Risk Policy, annual budgets and business plans

ii)

default in payment of statutory dues

iii)

fatal or serious accidents, dangerous occurrences and material environmental matters

ĿǄȴ

ljūƑĚĿijŠ ĚǊČĺîŠijĚ ĚǊƎūƙƭƑĚ îŠē ĚǊČĺîŠijĚ ƑîƥĚ ŞūǄĚŞĚŠƥȡ Ŀlj ŞîƥĚƑĿîŕ

Ǆȴ

ƥĺĚ ĿŠƥĚijƑĿƥǋ ūlj ƥĺĚ îČČūƭŠƥĿŠij îŠē ǛŠîŠČĿîŕ ƑĚƎūƑƥĿŠij ƙǋƙƥĚŞƙȡ îŠē ƥĺîƥ îƎƎƑūƎƑĿîƥĚ ƙǋƙƥĚŞƙ ūlj ČūŠƥƑūŕ îƑĚ ĿŠ

ƎŕîČĚȡ ĿŠ ƎîƑƥĿČƭŕîƑȡ ƙǋƙƥĚŞƙ ljūƑ ƑĿƙŒ ŞîŠîijĚŞĚŠƥȡ ǛŠîŠČĿîŕ îŠē ūƎĚƑîƥĿūŠîŕ ČūŠƥƑūŕȡ îŠē ČūŞƎŕĿîŠČĚ ǅĿƥĺ ƥĺĚ ŕîǅ

and relevant standards

2.1.6 Setting:

a corporate culture and the Values

ĿĿȴ

ǅĚŕŕȹēĚǛŠĚē ŞîŠēîƥĚȡ ČūŞƎūƙĿƥĿūŠ îŠē ǅūƑŒĿŠij ƎƑūČĚēƭƑĚƙ ūlj ƥĺĚ ūŞŞĿƥƥĚĚƙ

2.1.7 Others:

Acting on a fully informed basis, in good faith, with due diligence and care, and in the best interest of the Company

and the shareholders

ĿĿȴ

ŕĿijŠĿŠij ƑĚŞƭŠĚƑîƥĿūŠ ūlj ƥĺĚ ŒĚǋ ĚǊĚČƭƥĿǄĚƙ îŠē ƥĺĚ ūîƑē qĚŞċĚƑƙ ǅĿƥĺ ƥĺĚ ŕūŠijȹƥĚƑŞ ĿŠƥĚƑĚƙƥƙ ūlj ƥĺĚ ūŞƎîŠǋ

and the shareholders

iii)

Applying high ethical standards

ĿǄȴ

ƙƙĿijŠĿŠij ƙƭljǛČĿĚŠƥ ŠƭŞċĚƑ ūlj ƥĺĚ sūŠȹĚǊĚČƭƥĿǄĚ ūîƑē qĚŞċĚƑƙ ČîƎîċŕĚ ūlj ĚǊĚƑČĿƙĿŠij ĿŠēĚƎĚŠēĚŠƥ ŏƭēijĚŞĚŠƥ

ƥū ĿƥĚŞƙ ǅĺĚƑĚ ƥĺĚƑĚ Ŀƙ î ƎūƥĚŠƥĿîŕ ljūƑ ČūŠǜĿČƥ ūlj ĿŠƥĚƑĚƙƥ

Ǆȴ

ƙƙĿƙƥĿŠij ƥĺĚ /ǊĚČƭƥĿǄĚ qîŠîijĚŞĚŠƥ ċǋ ČĺîŕŕĚŠijĿŠij ƥĺĚ îƙƙƭŞƎƥĿūŠƙ ƭŠēĚƑŕǋĿŠij ƙƥƑîƥĚijǋȡ ƙƥƑîƥĚijĿČ ĿŠĿƥĿîƥĿǄĚƙ

ȳƙƭČĺ îƙ îČƐƭĿƙĿƥĿūŠƙȴȡ ƑĿƙŒ îƎƎĚƥĿƥĚȡ ĚǊƎūƙƭƑĚƙ îŠē ƥĺĚ ŒĚǋ îƑĚîƙ ūlj ljūČƭƙ ūlj ƥĺĚ ūŞƎîŠǋ

vi)

Encouraging training of the Directors on a continuous basis to ensure that the Board Members are kept

up-to-date

ǄĿĿȴ

/ǊĚƑČĿƙĿŠij ūċŏĚČƥĿǄĚ îŠē ĿŠēĚƎĚŠēĚŠƥ ŏƭēijĚŞĚŠƥ ūŠ ČūƑƎūƑîƥĚ îljljîĿƑƙ

viii) Facilitating the Independent Directors to perform their role effectively as the Board Members and also as the

Members of Committees

ĿǊȴ

qĚĚƥĿŠij ƥĺĚ ĚǊƎĚČƥîƥĿūŠƙ ūlj ūƎĚƑîƥĿūŠîŕ ƥƑîŠƙƎîƑĚŠČǋ ūlj ƥĺĚ ƙƥîŒĚĺūŕēĚƑƙ ǅĺĿŕĚ ŞîĿŠƥîĿŠĿŠij ČūŠǛēĚŠƥĿîŕĿƥǋ ūlj

information in order to foster a culture of good decision-making

2.2 Appointment and tenure

2 | 3

of the Directors (other than the Independent Directors) are rotational Directors. 1 | 3

of rotational Directors retire

in every Annual General Meeting (AGM) and, if eligible, offer themselves for reappointment.

¹ĺĚ ØĺūŕĚȹƥĿŞĚ 'ĿƑĚČƥūƑƙ îƑĚ îƎƎūĿŠƥĚē ċǋ ƥĺĚ qĚŞċĚƑƙ ljūƑ î ƎĚƑĿūē ƭƎ ƥū ǛǄĚ ǋĚîƑƙȦ ¹ĺĚ ČūŠƥƑîČƥƙ ǅĿƥĺ ØĺūŕĚȹƥĿŞĚ

'ĿƑĚČƥūƑƙ ƎƑūǄĿēĚ ŠūƥĿČĚ ƎĚƑĿūē ūlj ƙĿǊ ŞūŠƥĺƙ îŠē ƙĚǄĚƑîŠČĚ Ǝîǋ îƙ ƎĚƑ ƥĺĚ ƎƑūǄĿƙĿūŠƙ ūlj ƥĺĚ ūŞƎîŠĿĚƙ Čƥȡ ǨǦǧǩȦ

2.3 Composition, name, other directorships | committee memberships

¹ĺĚ ūîƑē ČūŞƎƑĿƙĚƙ ĚǊƎĚƑƥƙ ēƑîǅŠ ljƑūŞ ēĿǄĚƑƙĚ ǛĚŕēƙ ʈ ƎƑūljĚƙƙĿūŠƙȦ ƥ ƥĺĿƙ ƥĿŞĚȡ Ŀƥ ČūŠƙĿƙƥƙ ūlj ǧǧ qĚŞċĚƑƙ ČūŞƎƑĿƙĿŠij

ƙĚǄĚŠ sūŠȹĚǊĚČƭƥĿǄĚ 'ĿƑĚČƥūƑƙ ȳƙĿǊ TŠēĚƎĚŠēĚŠƥ îŠē ūŠĚ sūŠȹĿŠēĚƎĚŠēĚŠƥȴȡ ljūƭƑ /ǊĚČƭƥĿǄĚ 'ĿƑĚČƥūƑƙ ȳĿŠČŕƭēĿŠij

two promoters). The Independent Directors account for 54% of the strength of the Board, as against minimum

ƑĚƐƭĿƑĚŞĚŠƥ ūlj ǫǦɼîƙ ƎĚƑ ƥĺĚ ¬ĚČƭƑĿƥĿĚƙ îŠē /ǊČĺîŠijĚ ūîƑē ūlj TŠēĿî ȳgĿƙƥĿŠij ~ċŕĿijîƥĿūŠƙ îŠē 'ĿƙČŕūƙƭƑĚ ¤ĚƐƭĿƑĚŞĚŠƥƙȴ

¤ĚijƭŕîƥĿūŠƙȡ ǨǦǧǫ ȳƥĺĚ ¤ĚijƭŕîƥĿūŠƙȴ îŠē ǩǩȦǩǩɼ îƙ ƎĚƑ ƥĺĚ ūŞƎîŠĿĚƙ Čƥȡ ǨǦǧǩȦ ¹ĺĚ TŠēĚƎĚŠēĚŠƥ 'ĿƑĚČƥūƑƙ ljƭŕǛŕŕ ƥĺĚ

Corporate Overview 01-22

Statutory Reports 23-105

Financial Statements 107-250

Atul Ltd | Annual Report 2018-19