Company Overview Financial Statements Notice Statutory Reports 31 Rudolf Atul Chemicals Ltd | Annual Report 2023-24 i) Mr Shuklawill be entitled to compensation not exceeding sixmonths of basic pay byway of reimbursement of 20% to Atul Ltd. ii) In the event of any dispute or difference arising out of this agreement between the parties, such dispute or difference will be referred to arbitration in accordance with the provisions of the Arbitration and Conciliation Act, 1996 or any statutory modification or substitute thereof and all the provisions of that Act so far as are applicable or of any of them for the time being in force will apply to every reference thereof. The venue of the arbitration will be the courts at Valsad only. iii) Both parties agree to the exclusive jurisdiction of courts at Valsad only. The Board considers that his associationwill be of immense benefit to the Company. Accordingly, the Board recommends the Resolution in item number 6 about the reappointment of Mr Shukla as the Managing Director effective October 01, 2023 for a period of five years, for approval by the members. Memorandum of interest The nature of the concern or interest of Mr Tejas Shukla, Managing Director, is that the above resolution pertains to his agreement with the Company and he will be receiving the remuneration as stated therein if approved. None of the other Directors or key managerial personnel of the Company and their relatives concerned or interested, financially or otherwise, in the said resolution. Item number 7 In pursuance of Section 148(3) of the Companies Act, 2013 and Rule 14 of the Companies (Audit and Auditors) Rules, 2014, the appointment of the Cost Auditors and their remuneration as recommended by the Audit Committee requires approval by the Board of Directors (Board). The remuneration also requires ratification by the members. On the recommendation of the Audit Committee, the Board considered and approved the appointment of the Cost Auditors, Tadhani & Co, Cost Accountants, for conducting a cost audit of the applicable products in the category of Chemicals, Inorganic Chemicals, Organic Chemicals, and their derivatives at a remuneration of ` 65,200 plus taxes as applicable and reimbursement of actual travel and out-of-pocket expenses for the financial year ending March 31, 2024, and at a remuneration of ` 65,200 plus taxes as applicable and reimbursement of actual travel and out-ofpocket expenses for the financial year ending March 31, 2025. The Board seeks ratification of the aforesaid remunerations by the members and accordingly requests their approval of the ordinary resolutions. Memorandum of interest None of the Directors or key managerial personnel of the Company and their relatives are concerned or interested, financially or otherwise, in the said resolutions. Registered office: By order of the Board of Directors B | 18598, Survey number 33 Atul 396 020, Gujarat India Corporate identity number: U24110GJ2005PLC045564 (Rakesh Pathak) April 22, 2024 Company Secretary
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