Bse Nse Outcome Financials BM 20052023 Signed Final

May 20, 2023
To,
The Department of Corporate Services,
BSE Limited, Mumbai
To,
The Listing Compliance Dept.
National Stock Exchange of India Ltd, Mumbai
BSE Script Code : 531795

NSE Script Symbol : ATULAUTO
Dear Sir,
SUB: OUTCOME OF BOARD MEETING HELD ON MAY 20, 2023 AND SUBMISSION OF STANDALONE AND
CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED (REVIEWED)/ FINANCIAL YEAR ENDED
(AUDITED) ON MARCH 31, 2023 PURSUANT TO PROVISIONS OF REGULATIONS 30 AND 33 OF THE SEBI
(LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
With reference to the above subject, we would like to inform you that the Board of Directors of Atul Auto
Limited at its meeting held today i.e. Saturday, May 20, 2023 inter-alia decided as under:
1. Considered and approved standalone and consolidated financial results of the company and auditors
reports thereon for the quarter ended (reviewed)/ financial year ended (audited) March 31, 2023.
2. Considered and approved audited standalone and consolidated financial statements of the company for
the financial year ended March 31, 2023 and auditors’ reports thereon.
3. Appointed Mr. Neeraj J Chandra as Managing Director (DIN: 00065159) with effect from June 01, 2023
subject to approval of shareholders and accepted resignation from Whole-time Director with effect from
closing of business hours on May 31, 2023.
4. Appointed Mr. Jayantibhai J Chandra as Chairman and Whole-time Director (DIN: 00057722) with effect
from June 01, 2023 subject to approval of shareholders and accepted resignation from Managing Director
with effect from closing of business hours on May 31, 2023
5. Appointed M/s. Hardik Hudda & Associates, Practicing Company Secretaries as Secretarial Auditors to
conduct the secretarial audit of the Company for FY 2022-23.
6. Appointed M/s. KPMG Assurance and Consulting Services LLP as Internal Auditors of the Company for FY
2023-24 and FY 2024-25
ATUL AUTO LIMITED

(Corporate Identification Number: L54100GJ1986PLC016999)
Regd. Office & Factory: National Highway 8-B, Near Microwave Tower, Shapar (Veraval), Rajkot – 360024 (Gujarat)
Phone: 02827 235500 Website: www.atulauto.co.in E-Mail: info@atulauto.co.in
In this respect, we are attaching herewith following documents:
1. Standalone and consolidated financial results of the company and auditors reports thereon for the
quarter ended (reviewed)/ financial year ended (audited) on March 31, 2023 u/r 33 of the SEBI (LODR)
Regulations, 2015
2. Declaration regarding unmodified opinion of Statutory Auditors on financial results by Mr. Mahendra J
Patel (DIN: 00057735) as Whole-time Director & CFO u/r 33(3)(d) of the SEBI (LODR) Regulations, 2015
3. Details of the new appointees and auditors required as per SEBI Circular No. CIR/CFD/CMD/4/2015 dated
September 09, 2015
The meeting of Board of Directors commenced at 12:30 PM IST and ended at 05:35 PM IST.
Thanking you.
Yours faithfully,
For Atul Auto Limited,
MAHENDRA Digitally signed by
MAHENDRA JAMNADAS
JAMNADAS PATEL
Date: 2023.05.20 17:37:58
PATEL +05'30'
Mahendra J Patel
Whole-time Director & CFO
DIN: 00057735
ATUL AUTO LIMITED

DECLARATION
[Pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016]
I, Mr. Mahendra J Patel, Whole-time Director & CFO hereby declare that the Statutory
Auditors of Atul Auto Limited (“the Company”), M/s. Maharishi & Co., Chartered
Accountants (FRN: 124872W) have issued an Audit Reports with unmodified opinion on
Standalone and Consolidated Audited Financial Results of the Company for the year ended
on March 31, 2023.
MAHENDRA Digitally signed by

MAHENDRA
JAMNADAS JAMNADAS PATEL
Date: 2023.05.20
PATEL 17:35:37 +05'30'
--------------------------------------------
(Mahendra J Patel)
Whole-time Director & CFO
DIN: 00057735
Signed at Bhayla (Dist. Ahmedabad) on May 20, 2023
ATUL AUTO LIMITED

Annexure
The additional details of Mr. Neeraj J Chandra and Mr. Jayantibhai J Chandra as required pursuant to regulation 30 of
the SEBI Listing Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 are
given below:
Sr.
Particulars Neeraj J Chandra Jayantibhai J Chandra
No.
1 Reason for change viz. Appointment as Managing Director Appointment as Chairman and Whole-
appointment, and resignation from Whole-time time Director and resignation from
resignation, removal, Director Managing Director
death or otherwise;
2 Date of appointment/ Date of appointment as Managing Date of appointment as Chairman and
cessation (as applicable) Director: June 01, 2023 Whole-time Director: June 01, 2023
& term of appointment;
Date of cessation from Whole-time Date of cessation from Managing
Director: May 31, 2023 Director: May 31, 2023
Term of Appointment: Five Years Term of Appointment: Three Years
This appointment is subject to This appointment is subject to approval

approval of shareholders. of shareholders.
3 Brief profile Mr. Neeraj Chandra, a member of the Mr. Jayantibhai J Chandra, one of the
(in case of appointment); Promoter Group of the Company is promoters of the Company has rich
expert in leading domestic as well as experience in Automobile Industry of
international marketing of three- more than four decades. He has a far
wheelers of the Company. He has reaching vision with a keen insight to
been working with the Company for help Company to emerge as one of the
more than a decade, joined the Board leading manufacturers of small
in 2012 and successfully managed commercial vehicles. He has expertise
various assignments/ positions in overall business strategy.
assigned to him.
4 Disclosure of He is son of Mr. Jayantibhai J Chandra, He is father of Mr. Neeraj J Chandra,
relationships between Chairman and Managing Director of Whole-time Director of the Company.
directors (in case of the Company
appointment of a
director)
5 Information as required Mr. Neeraj J Chandra and Mr. Jayantibhai J Chandra are not debarred from
under Circular No. holding office of a Director by virtue of any SEBI Order or any other such
LIST/COMP/14/2018-19 authority.
and NSE/CML/2018/02
dated June 20, 2018
issued by the BSE and
NSE respectively.
ATUL AUTO LIMITED

The additional details of M/s. Hardik Hudda & Associates and M/s. KPMG Assurance and Consulting Services LLP as
required pursuant to Regulation 30 of the SEBI Listing Regulations, 2015 read with SEBI Circular No.
CIR/CFD/CMD/4/2015 dated September 09, 2015 and other relevant provisions of the SEBI Listing Regulations, 2015
are given below:
Sr. M/s. KPMG Assurance and

Particulars Hardik Hudda & Associates
No. Consulting Services LLP
1 Reason for change viz. Appointment as Secretarial Auditors Appointment as Internal Auditors
appointment, resignation,
removal, death or
otherwise;
2 Date of appointment/ Date of Appointment: May 20, 2023 Date of Appointment: May 20, 2023
cessation (as applicable) to act as Secretarial Auditors for FY to act as Internal Auditors for FY
& term of appointment; 2022-23 2023-24 and FY 2024-25
3 Brief profile M/s. Hardik Hudda & Associates is a M/s. KPMG Assurance and Consulting
(in case of appointment); Company Secretary Firm based out at Services LLP is one of the leading firm
Ahmedabad having Certificate of of professionals in India and
Practice Number 14697. The firm has worldwide having decades of
valid peer review certificate no. experience in financial and reporting.
1805/2022. Its proprietor CS Hardik The firm is engaged in providing
Hudda (ICSI Membership No. financial and business advisory
A39621) has experience of around services. It offers financial advisory
eight years in practice in the field of services, business advisory services,
company law, SEBI regulations and internal audit, corporate governance,
other business laws. tax and regulatory etc.
4 Disclosure of Not Applicable
relationships between
directors (in case of
appointment of a
director)
ATUL AUTO LIMITED


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May 20, 2023

BSE Script Code : 531795

ATUL AUTO LIMITED

ATUL AUTO LIMITED

MAHENDRA Digitally signed by

Signed at Bhayla (Dist. Ahmedabad) on May 20, 2023

ATUL AUTO LIMITED

Term of Appointment: Five Years Term of Appointment: Three Years

This appointment is subject to This appointment is subject to approval

ATUL AUTO LIMITED

Sr. M/s. KPMG Assurance and

ATUL AUTO LIMITED

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