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8.2 Extent of compliance with the non-mandatory requirements
The Company complies with the following non-mandatory requirements:
i)
Reporting of the Internal Auditor to the Audit Committee
ĿĿȴ
ÀŠƐƭîŕĿǛĚē GĿŠîŠČĿîŕ ¬ƥîƥĚŞĚŠƥƙ
9.
Payment to Statutory Auditors
During 2018-19,
`
0.61 cr was paid by the Company and its subsidiary companies to the Statutory Auditors | entities
ĿŠ ŠĚƥDžūƑŒ ǛƑŞ ʈ ŠĚƥDžūƑŒ ĚŠƥĿƥNj ūlj DžĺĿČĺ ƥĺĚ ¬ƥîƥƭƥūƑNj ƭēĿƥūƑƙ îƑĚ î ŞĚŞċĚƑȦ
10. Evaluation by the Independent Directors
The Independent Directors at their meeting held on March 15, 2019 carried out annual evaluation in accordance with
ƥĺĚ ¤ĚijƭŕîƥĿūŠ ǨǫȳǪȴ ūlj ƥĺĚ ¬ĚČƭƑĿƥĿĚƙ îŠē /NJČĺîŠijĚ ūîƑē ūlj TŠēĿî ȳgĿƙƥĿŠij ~ċŕĿijîƥĿūŠƙ îŠē 'ĿƙČŕūƙƭƑĚ ¤ĚƐƭĿƑĚŞĚŠƥƙȴ
Regulations, 2015.
11. Role of the Company Secretary in overall governance process
The Directors have access to the suggestions and services of the Company Secretary | Legal department in ensuring
an effective functioning of the Board and its Committees. The Company Secretary administers, attends and prepares
minutes of the Board and the Committee proceedings in accordance with the statutory requirements as well as the
norms of Corporate Governance.
ǧǨȦ
ĚƑƥĿǛČîƥĿūŠ ċNj ƥĺĚ ĺĿĚlj /NJĚČƭƥĿDŽĚ ~ljǛČĚƑ îŠē ƥĺĚ ĺĿĚlj GĿŠîŠČĿîŕ ~ljǛČĚƑ
Mr S S Lalbhai, Chairman and Managing Director and Mr T R Gopi Kannan, Whole-time Director and CFO issued a
ČĚƑƥĿǛČîƥĚ ƥū ƥĺĚ ūîƑē îƙ ƎƑĚƙČƑĿċĚē ƭŠēĚƑ ¤ĚijƭŕîƥĿūŠ ǧǭȳǮȴ ūlj ƥĺĚ ¬ĚČƭƑĿƥĿĚƙ îŠē /NJČĺîŠijĚ ūîƑē ūlj TŠēĿî ȳgĿƙƥĿŠij
Obligations and Disclosure Requirements) Regulations, 2015.
¹ĺĚ ƙîĿē ČĚƑƥĿǛČîƥĚ Džîƙ ƎŕîČĚē ċĚljūƑĚ ƥĺĚ ūîƑē îƥ ƥĺĚ ŞĚĚƥĿŠij ĺĚŕē ūŠ ƎƑĿŕ ǨǬȡ ǨǦǧǯ ĿŠ DžĺĿČĺ ƥĺĚ îČČūƭŠƥƙ ljūƑ ƥĺĚ
year ended March 31, 2019 were considered and approved by the Board.
ǧǩȦ
ĚƑƥĿǛČîƥĿūŠ ċNj ƥĺĚ ¡ƑîČƥĿČĿŠij ūŞƎîŠNj ¬ĚČƑĚƥîƑNj
ĚƑƥĿǛČîƥĚ ljƑūŞ ¤îŏĚƙĺ ¡îƑĚŒĺ ʁ ūȡ ¡ƑîČƥĿČĿŠij ūŞƎîŠNj ¬ĚČƑĚƥîƑNjȡ ƑĚijîƑēĿŠij ČūŞƎŕĿîŠČĚ ūlj ČūŠēĿƥĿūŠƙ ūlj ūƑƎūƑîƥĚ
HūDŽĚƑŠîŠČĚ îƙ ƙƥĿƎƭŕîƥĚē ĿŠ ¬ČĺĚēƭŕĚ × ūlj ƥĺĚ ¬ĚČƭƑĿƥĿĚƙ îŠē /NJČĺîŠijĚ ūîƑē ūlj TŠēĿî ȳgĿƙƥĿŠij ~ċŕĿijîƥĿūŠƙ îŠē 'ĿƙČŕūƙƭƑĚ
Requirements) Regulations, 2015 forms a part of the Annual Report.
14. Declaration by the Chairman and Managing Director
TŠ îČČūƑēîŠČĚ DžĿƥĺ ¬ČĺĚēƭŕĚ × ūlj ƥĺĚ ¬ĚČƭƑĿƥĿĚƙ îŠē /NJČĺîŠijĚ ūîƑē ūlj TŠēĿî ȳgĿƙƥĿŠij ~ċŕĿijîƥĿūŠƙ îŠē 'ĿƙČŕūƙƭƑĚ
¤ĚƐƭĿƑĚŞĚŠƥƙȴ ¤ĚijƭŕîƥĿūŠƙȡ ǨǦǧǫ DžĿƥĺ ƥĺĚ ¬ƥūČŒ /NJČĺîŠijĚƙȡ îŕŕ ƥĺĚ 'ĿƑĚČƥūƑƙ îŠē ¬ĚŠĿūƑ qîŠîijĚŞĚŠƥ ¡ĚƑƙūŠŠĚŕ ĺîDŽĚȡ
ƑĚƙƎĚČƥĿDŽĚŕNjȡ îljǛƑŞĚē ČūŞƎŕĿîŠČĚ DžĿƥĺ ƥĺĚ ūēĚ ūlj ūŠēƭČƥ îƙ îƎƎƑūDŽĚē îŠē îēūƎƥĚē ċNj ƥĺĚ ūîƑēȦ
For Atul Ltd
Mumbai
(S S Lalbhai)
April 26, 2019
Chairman and Managing Director
Corporate Governance Report
81