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To the Members of Atul Ltd
We have examined the compliance of conditions of Corporate Governance by Atul Ltd, for the year ended March 31, 2015, as
stipulated in Clause 49 of the Listing Agreements of the said Company with the Stock Exchanges in India.
The compliance of conditions of Corporate Governance is the responsibility of the Management. Our examination was carried
out in accordance with the Guidance Note on Certification of Corporate Governance (as stipulated in Clause 49 of the Listing
Agreements), issued by The Institute of Chartered Accountants of India and was limited to procedures and implementation
thereof, adopted by the Company for ensuring the compliance of the conditions of Corporate Governance. It is neither an audit
nor an expression of opinion on the Financial Statements of the Company.
In our opinion and to the best of our information and according to the explanations given to us, we certify that the Company
has complied with the conditions of Corporate Governance as stipulated in the above mentioned Listing Agreements.
We state that such compliance is neither an assurance as to the future viability nor the efficiency or effectiveness with which the
Management has conducted the affairs of the Company.
For Dalal & Shah Chartered Accountants LLP
Firm Registration number 102020W | W-100040
Chartered Accountants
(S Venkatesh)
Mumbai
Partner
April 30, 2015
Membership Number: 037942
Auditors’ Certificate regarding compliance of
conditions of Corporate Governance
11.
Certification by the Statutory Auditors
Certificate from the Statutory Auditors of the Company, Dalal & Shah Chartered Accountants LLP, regarding compliance
of conditions of Corporate Governance as stipulated in Clause 49 of the Listing Agreements is forming a part of the
Annual Report.
12.
Declaration by the Chairman and Managing Director
In accordance with Clause 49 I D of the Listing Agreements with the Stock Exchanges, all the Directors and Senior
Management Personnel have, respectively, affirmed compliance with the Code of Conduct as approved and adopted by
the Board.
For Atul Ltd
Mumbai
(S S Lalbhai)
April 30, 2015
Chairman and Managing Director