63 The Board of Directors have approved the transaction with Atul Ltd, upon the recommendation of the Audit Committee and recommended the same for the approval of the members. Pursuant to Regulation 23 of the Listing Regulations, the members may also note that no related party of the Company shall vote to approve the resolution set out in item number 3 of the Notice whether the entity is a related party to the particular transaction or not. Accordingly, the Board recommends the resolution at item number 3 in relation to material related party transactions with Atul Ltd. Memorandum of interest Except Mr Sunil Lalbhai, Chairman of the Company, who is a promoter and the Chairman and Managing Director of Atul Ltd, Mr Gopi Kannan Thirukonda, Non-executive Director of the Company, who is the Whole-time Director and Chief Financial Officer of Atul Ltd and the Whole-time Key Managerial Personnel of the Company who are Senior Management Personnel of Atul Ltd, none of the other Directors of the Company and their relatives are concerned or interested, financially or otherwise, in the resolution set out at item number 3. By order of the Board of Directors Registered office: 310 B, Veer Savarkar Marg, Dadar (West) (Rajeev Kumar) Mumbai 400 028 Managing Director India DIN: 07731459 Corporate identity number: L24100MH1974PLC017594 April 19, 2024
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