Company Overview Financial Statements Notice Statutory Reports 35 Rudolf Atul Chemicals Ltd | Annual Report 2023-24 ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. Report on other legal and regulatory requirements 12. As required by Section 143(3) of the Act, based on our audit we report that: a) We have sought and obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of our audit. b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books, except for matters stated in paragraph (i)(vi). c) The Balance Sheet, the Statement of Profit and Loss, including other comprehensive income, the Statement of Cash Flows and the Statement of changes in equity dealt with by this Report are in agreement with the relevant books of account. d) In our opinion, the aforesaid Financial Statements complywith the Ind AS specified under Section 133 of the Act. e) On the basis of the written representations received from the Directors as on March 31, 2024, taken on record by the Board of Directors, none of theDirectors is disqualified as onMarch 31, 2024, frombeing appointed as a Director in terms of Section 164(2) of the Act. f) The modi f i cat i on( s ) re lat ing to the maintenance of accounts and other matters connected therewith, are as stated in paragraph (b) above. g) With respect to the adequacy of the internal financial controls with reference to Financial Statements of the Company and the operating effectiveness of such controls, refer to our separate report in Annexure A. Our report expresses an unmodified opinion on the adequacy and operating effectiveness of the internal financial controls of the Company with reference to its Financial Statements. h) With respect to the other matters to be included in the Auditor ’s Repor t in accordancewith the requirements of Section 197(16) of the Act, as amended: In our opinion and to the best of our i n f o rma t i on and acco rd i ng t o t he explanations given to us, the remuneration paid by the Company to its Directors during the year is in accordance with the provisions of Section 197 of the Act. i) With respect to the other matters to be included in the Auditor ’s Repor t in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, as amended, in our opinion and to the best of our information and according to the explanations given to us: i) The Company has disclosed the impact of pending litigations on its financial position in its Financial Statements. Refer Note 26.1 to the Financial Statements. ii) TheCompany did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses. iii) There were no amounts that were required to be transferred to the Investor Education and Protection Fund by the Company. iv) • The Management has represented that, to the best of its knowledge and bel ief, no funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person or entity, including foreign entities (Intermediaries), with the understanding, whether recorded in writing or otherwise, that the intermediary shall, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (ultimate beneficiaries) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
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