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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
https://www.atul.co.in/investors/policies5.5 ‘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
https://www.atul.co.in/investors/policies5.6 Familiarisation programs
The details of Familiarisation Programs imparted to Independent Directors are disclosed on the website of the Company
at
https://www.atul.co.in/investors/policies5.7 Commodity price risk or foreign exchange risk and hedging activities
i)
Risk management policy on commodities including through hedging
The Company has in place a Risk Management Policy and mechanism to assess risks, periodically review it
and steps are taken to mitigate the risks. The Company uses certain raw materials, which are derivatives of
various commodities, from various sources, for manufacturing products of the Company. Hedging products are
not available for the major chemicals purchased by the Company. However, for minimising procurement risk for
short duration, the Company enters into annual purchase contracts for key raw materials linked to input costs |
published benchmark prices.
ĿĿȴ
/NJƎūƙƭƑĚ ūlj ƥĺĚ ūŞƎîŠNj ƥū ČūŞŞūēĿƥNj îŠē ČūŞŞūēĿƥNj ƑĿƙŒƙ ljîČĚē ƥĺƑūƭijĺūƭƥ ƥĺĚ NjĚîƑȠ s
ĿĿĿȴ
GūƑĚĿijŠ ĚNJČĺîŠijĚ ƑĿƙŒƙ îƑĚ ƥƑîČŒĚē îŠē ŞîŠîijĚē DžĿƥĺĿŠ ƥĺĚ ƑĿƙŒ ŞîŠîijĚŞĚŠƥ ljƑîŞĚDžūƑŒȦ ¬ĺūƑƥȹƥĚƑŞ ljūƑĚĿijŠ
ČƭƑƑĚŠČNj îƙƙĚƥ ȹ ŕĿîċĿŕĿƥNj ŞĿƙŞîƥČĺ Ŀƙ ČūŠƥĿŠƭūƭƙŕNj ŞūŠĿƥūƑĚē îŠē ĺĚēijĚēȦ ¹ĺĚ ljūƑĚĿijŠ ĚNJČĺîŠijĚ ŞîƑŒĚƥ Ŀƙ ĺĿijĺŕNj
regulated and the Company ensures compliance with all the regulations.
5.8 Credit ratings
ƑĚēĿƥ ŠîŕNjƙĿƙ îŠē ¤ĚƙĚîƑČĺ gƥē ŞîĿŠƥîĿŠĚē Ŀƥƙ ČƑĚēĿƥ ƑîƥĿŠij îƥ Ƀ
ɤɄ ȳēūƭċŕĚ Ǝŕƭƙȴ ljūƑ ŕūŠijȹƥĚƑŞ ċūƑƑūDžĿŠijƙ ūlj ƥĺĚ
ūŞƎîŠNjȦ Tƥƙ ƑîƥĿŠij ljūƑ ƙĺūƑƥȹƥĚƑŞ ċūƑƑūDžĿŠijƙ îŠē ČūŞŞĚƑČĿîŕ ƎîƎĚƑ ƑĚŞîĿŠĚē îƥ Ƀ ǧɤɄ ȳ ǧ ƎŕƭƙȴȦ
ǬȦ
ljǛƑŞîƥĿūŠ îŠē ēĿƙČŕūƙƭƑĚ
¹ĺĚƑĚ DžĚƑĚ Šū ŞîƥĚƑĿîŕŕNj ƙĿijŠĿǛČîŠƥ ƑĚŕîƥĚē ƎîƑƥNj ƥƑîŠƙîČƥĿūŠƙȡ ƎĚČƭŠĿîƑNj ƥƑîŠƙîČƥĿūŠƙ ūƑ ƑĚŕîƥĿūŠƙĺĿƎƙ ċĚƥDžĚĚŠ ƥĺĚ
Company and its Directors or the Management and their subsidiary companies or relatives, among others, during
ǨǦǧǮȹǧǯ ƥĺîƥ ŞîNj ĺîDŽĚ î ƎūƥĚŠƥĿîŕ ČūŠǜĿČƥ DžĿƥĺ ƥĺĚ ĿŠƥĚƑĚƙƥƙ ūlj ƥĺĚ ūŞƎîŠNj îƥ ŕîƑijĚȦ ŕŕ ēĚƥîĿŕƙ ƑĚŕîƥĿŠij ƥū ǛŠîŠČĿîŕ
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
ŕîƙƥ ƥĺƑĚĚ NjĚîƑƙ îŠē ƥĺĚ ¬ƥūČŒ /NJČĺîŠijĚƙ ūƑ ƥĺĚ ¬ĚČƭƑĿƥĿĚƙ îŠē /NJČĺîŠijĚ ūîƑē ūlj TŠēĿî ūƑ îŠNj ƙƥîƥƭƥūƑNj îƭƥĺūƑĿƥNj ēĿē
not impose any penalties or strictures on the Company for the said period.
Corporate Overview 01-22
Statutory Reports 23-105
Financial Statements 107-250
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Atul Ltd | Annual Report 2018-19