Atul Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018

1. The above results have been reviewed and recommended for adoption by the Audit Committee in its meeting held on April 26, 2018, and approved by the Board of Directors at its meeting held on April 27, 2018. The Statutory Auditors report does not have any qualification , modification.

2. The Company has reported Segment information as per Indian Accounting Standard (Ind AS) 108, 'Operating Segments', as below:

Name of segment Main product groups

Life Science Chemicals APIs, API Intermediates, Fungicides, Herbicides

Performance and Other Chemicals Adhesion promoters, Bulk chemicals, Epoxy resins and                                                                                          hardeners, Intermediates, Perfumery ingredients, Textile                                                                                          dyes

Others Agribiotech, Food products, Services

3. Revenue from operations upto June 30, 2017 includes excise duty, which is discontinued effective July 01, 2017 upon implementation of Goods and Services Tax (GST) in India. In accordance with Ind AS 18, 'Revenue', GST is not included in revenue from operations. In view of the aforesaid restructuring of indirect taxes, revenue from operations for the quarter , year ended on March 31, 2018 are not comparable with the previous periods.

4. The Board of Directors has recommended a dividend of Rs.12 per share (120%) subject to approval of the Shareholders.

5. The Annual General Meeting of the Members will be held on July 27, 2018.