Company Overview Financial Statements Notice Statutory Reports 05 Rudolf Atul Chemicals Ltd | Annual Report 2023-24 Directors’ Report Dear Members, The Board of Directors (Board) presents the annual report of Rudolf Atul Chemicals Ltd together with the audited Financial Statements for the year ended March 31, 2024. 01. Financial results (` cr) 2023-24 2022-23 Revenue from operations 139.26 111.18 Other income 1.09 0.98 Total revenue 140.35 112.16 Profit before tax 27.79 10.50 Provision for tax 8.57 2.73 Profit for the year 19.22 7.77 Balance in retained earnings at the beginning of the year 30.36 45.83 Transfer from comprehensive income 0.05 0.10 Disposable surplus 49.63 53.71 Dividend paid (5.84) (23.35) Balance carried forward 43.79 30.36 02. Performance Sales increased by 25% from ` 110.37 cr to ` 138.04 cr, primarily due to introduction of new products and increase in customer base. Major growth drivers are continuous bleaching range, dyeing chemicals and silicones. Profit before tax increased by 265 % from ` 10.50 cr to ` 27.79 cr. The earnings per share increased from ` 13.31 to ` 32.93. Cash flow from operating activities before working capital changes increased from ` 10.26 cr to ` 27.56 cr and the net cash flow from operating activities increased from ` 12.37 cr to ` 15.71 cr. During the year, the Company received an approval from the Gujarat Pollution Control Board (GPCB) to expand the capacity from 19,000 tpa to 44,000 tpa. Additionally, the Company completed the registration of 112 products with the Global Organic Textile Standard list for version 7.0, received approval for 192 products for ‘INDITEX the LIST’ and achieved Zero Discharge of Hazardous Chemicals (Manufacturing Restricted Substance List - Version 3.1) Level 3. Furthermore, the Company implemented Oracle (Operations), Customer Relationship Management and Atul Setu – an order management system to digitalise key business processes. The Company is working extensively with various certification agencies to promote its business operations. 03. Dividend The Board recommended payment of a dividend of ` 30 per share on 58,37,500 equity shares of
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