Page 68 - Kolte Patil AR 2019-20
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(1)  28 May 2019,                                  13. Particulars of loans, guarantees and
          (2)  06 August 2019,                               investments
          (3)  07 September 2019,                            The particulars  of loans, guarantees and investments  are given
                                                             in Note No. 5, 9 and 32 in Notes to accounts forming part of the
          (4)  11 November 2019,
                                                             Audited Financial Statements.
          (5)  07 February 2020.
                                                             14. Extract of the annual return
          10. Statutory Auditors                             Pursuant to the provisions of Section 92 read with Rule 12 of the
          M/s. Deloitte Haskins & Sells LLP (LLP Registration No. AAB-8737,   Companies (Management and administration) Rules, 2014, the
          FRN – 117366W/ W-100018), Chartered Accountants, Pune, were   extract of the annual return in Form No. MGT – 9 as provided in
          appointed as statutory auditors till the Annual General Meeting   Annexure III form part of the Board’s report.
          (AGM) to be held in the year 2023.

          11. Contracts or arrangements with related         15. Corporate Social Responsibility (CSR)
          parties                                            In compliance with Section 135 of the Companies Act, 2013 read
          During the year under review, all transactions/arrangements   with the Companies (Corporate Social Responsibility Policy) Rules
                                                             2014, the Company has established Corporate Social Responsibility
          entered by the Company with related parties were in the ordinary   (CSR) Committee and Report on CSR Activities forms part of this
          course of business and on an arm’s length basis.
                                                             Report as Annexure IV.
          The Policy on materiality of related party transactions and dealing with
          related party transactions as approved by the Board may be accessed   16. Audit Committee
          on the Company’s website at the link:  The Audit Committee of the Company comprises of following
          assets/uploads/corporate_governance/157190898585109151.pdf  members:
          The details of all transactions/arrangement with related party are   Name of the Member  Designation Category
          given in the Note No. 43 in Notes to Accounts forming part of the   Mr. Prakash Gurav  Chairman  Independent Director
          Audited Standalone Financial Statement.
                                                              Mr. Jayant Pendse  Member     Independent Director
          12. Conservation of energy, technology              Mr. G L Vishwanath  Member    Independent Director
          absorption and foreign exchange earnings and        Mrs. Manasa Vishwanath  Member  Independent Director
          outgo                                               Mr. Umesh Joshi    Member     Independent Director
          As  the  Company  is  not  engaged  in  the  manufacturing  activities,   Mr. MilInd   Kolte  Member  Executive Director
          the information related to Conservation of energy, technology
          absorption has not be provided.                    Mr. Vinod Patil, Company Secretary of the Company, acts as the
          The details of Foreign Exchange outgo are as follows:  secretary to the Audit Committee and the Managing Director and
                                                             the Chief Financial Officer of the Company are permanent invitees
                                                  (C in Lakhs)  to the Audit Committee Meetings.
          Particulars           For Year ended   For Year ended   The Board has accepted all the recommendations of the Audit
                                31 March 2020  31 March 2019  Committee.
          Salary                          -             -
                                                             17.  Vigil Mechanism for Directors and
          Travelling Expenses           155           116    Employees
          Professional Fees               -             -    The Vigil Mechanism of  the  Company,  which  also  incorporates  a
          Advertising Expenses           40             -    Whistle Blower Policy in Regulation 22 of the SEBI (Listing Obligations
          Purchase of  sanitary wares     -             -    and Disclosure Requirements) Regulations, 2015, includes an Ethics
                                                             & Compliance  Task Force comprising senior executives of the
          Total                         195           116
                                                             Company. Protected disclosures can be made by a whistle blower
                                                             through an e-mail, or dedicated telephone line or a letter to the Task
                                                             Force or to the Chairman of the Audit Committee.

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