210 / 236
Atul Ltd | Annual Report 2016-17
Name of entity
Principal
activities
Place of
business |
country of
incorporation
Ownership interest held by the Group Ownership interest held by the
non-controlling interests
March 31,
2017
March 31,
2016
April 01,
2015
March 31,
2017
March 31,
2016
April 01,
2015
%
%
%
%
%
%
Aasthan Dates Ltd
Agri products
India
100
100
100
–
–
–
Amal Ltd
Chemicals
India
36.74
–
–
63.26
–
–
Anchor Adhesives Private Ltd
Chemicals
India
100
100
51
–
–
49
Atul Aarogya Ltd
Healthcare
products
India
100
100
100
–
–
–
Atul Ayurveda Ltd
Ayurvedic
products
India
100
100
100
–
–
–
Atul Bioscience Ltd
Chemicals
India
100
100
100
–
–
–
Atul Biospace Ltd
Agri products
India
100
100
100
–
–
–
Atul Brasil Qumicos Ltda
Chemicals
Brazil
100
100
100
–
–
–
Atul China Ltd
Chemicals
China
100
100
100
–
–
–
Atul Clean Energy Ltd
Renewable
energy
India
100
100
100
–
–
–
Atul Crop Care Ltd
Agri products
India
100
100
100
–
–
–
Atul Deutschland GmbH
Chemicals
Germany
100
100
100
–
–
–
Atul Elkay Polymers Ltd
Polymers
India
100
100
100
–
–
–
Atul Entertainment Ltd
Entertainment
India
100
100
100
–
–
–
Atul Europe Ltd
Chemicals
UK
100
100
100
–
–
–
Atul Finserv Ltd
Investments
India
100
100
100
–
–
–
Atul Finresource Ltd
Finance
India
100
100
100
–
–
–
Atul Hospitality Ltd
Hospitality
India
100
100
100
–
–
–
Atul Infotech Private Ltd
Information
Technology
India
100
100
100
–
–
–
Atul Middle East FZ-LLC
Chemicals
UAE
100
100
100
–
–
–
Atul Nivesh Ltd
Investments
India
100
100
100
–
–
–
Atul Rajasthan Date Palms Ltd
Agri products
India
74
74
74
26
26
26
Atul (Retail) Brands Ltd
Retail
India
100
100
100
–
–
–
Atul Seeds Ltd
Agri products
India
100
100
100
–
–
–
Atul USA Inc
Chemicals
USA
100
100
100
–
–
–
Biyaban Agri Ltd
Agri products
India
100
100
100
–
–
–
DPD Ltd
Agri products
UK
98
98
98
2
2
2
Jayati Infrastructure Ltd
Infrastructure India
100
100
100
–
–
–
Lapox Polymers Ltd
Polymers
India
100
100
100
–
–
–
Osia Dairy Ltd
Dairy
India
100
100
100
–
–
–
Osia Infrastructure Ltd
Infrastructure India
100
100
100
–
–
–
Raja Dates Ltd
Agri products
India
100
100
100
–
–
–
i) Significant judgement: consolidation of entities with less than 50% voting interest
The Management has concluded that the Group controls certain entities (refer Note 29.18), even though it holds less than
half of the voting rights of these entities. This is because the boards of these entities comprise Key Management Personnel
of Atul Ltd. Atul Ltd directs the relevant activities (procurement, production and marketing) of Anchor Adhesives Pvt Ltd
by virtue of a Shareholders’ agreement. This agreement also grants Atul Ltd the right to appoint, reassign or remove Key
Management Personnel comprising Chief Executive Officer and Chief Financial Officer of Anchor Adhesives Pvt Ltd and
to establish and approve its financial and operating budgets. For significant judgements pertaining to control over Amal
Ltd, refer Note 29.17.
b) Non-controlling interests (NCI)
Set out below is summarised financial information for each subsidiary company that has non-controlling interests that
are material to the Group. The amounts disclosed for each subsidiary company are before inter-company eliminations.
Notes
to the Consolidated Financial Statements