Company Overview Financial Statements Notice Statutory Reports 37 Rudolf Atul Chemicals Ltd | Annual Report 2020-21 Generally Accepted Accounting Principles, and that receipts and expenditures of the Company are beingmadeonly inaccordancewithauthorisations of Management and Directors of the Company; and iii) provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the assets of the Company that can have a material effect on the Financial Statements. Inherent limitations of internal financial controls over financial reporting 07. Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. Opinion 08. In our opinion, to the best of our information and according to the explanations given to us, the Companyhas, inallmaterial respects, anadequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31, 2021, based on the criteria for internal financial control over financial reporting established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the ICAI. For Deloitte Haskins & Sells LLP Chartered Accountants (Firm registration number: 117366W | W-100018) Samir R. Shah Partner Mumbai (Membership number: 101708) April 29, 2021 UDIN: 21101708AAAABZ3153
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