73 Corporate Overview Performance Overview Financial Statements Governance Overview Statutory Reports No. Particulars Details | information pertaining to transactions c) Applicable terms, including covenants, tenure, interest rate and repayment schedule, whether secured or unsecured; if secured, the nature of security Not applicable d) The purpose for which the funds will be utilised by the ultimate beneficiary of such funds pursuant to the RPT Not applicable 8 Approval of Audit Committee of the Company The proposed transactions with the related party have been approved and recommended by the Audit Committee of the Company, comprising only of Independent Directors. 9 Any other information that may be relevant All relevant information forms part of the statement setting out material facts, pursuant to Section 102(1) of the Companies Act, 2013, forming part of this Notice. The members may note that the Company and ASC have been undertaking such transactions of a similar nature with the related party in the past financial years, in the ordinary course of business and on an arm’s length after obtaining requisite approvals from the Audit Committee | the Members of the Company. The maximum annual value of the proposed transactions with Atul Ltd is estimated on the basis of current transactions and future business projections. 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 4 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 4 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 4. Item number 5 In pursuance of Regulation 24A(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Regulations), Secretarial Auditors may be appointed for a term of five consecutive years with the approval of the members. The Board of Directors, at its meeting held on July 11, 2025, subject to the approval of the members, approved the appointment of SPANJ & Associates, Company Secretaries (SPANJ) as the Secretarial Auditors for a period of five consecutive financial years from 2025–26
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