Page 70 - Kolte Patil AR 2019-20
P. 70

31 March 2020 and of the profit of the Company for the year   Status of Complaints received during the year under review:
             ended on that date;
                                                              Received during   Resolved      Pending at the year
          c)  the Directors have taken proper and sufficient care for the   the year          end
             maintenance of adequate accounting records in accordance   NIL   NIL             NIL
             with the provisions of the Act for safeguarding the assets of the
             Company and for preventing and detecting fraud and other
             irregularities;                                 28. Credit Rating
          d)  the Directors have prepared the annual accounts on a ‘going   The Company has obtained credit rating as A+/Stable for the bank
             concern’ basis;                                 facilities of C600 Crores from CRISIL.
          e)  the Directors have laid down internal financial controls to be   29. Acknowledgements
             followed by the Company and that such internal financial
             controls are adequate and are operating effectively; and  Your Directors take this opportunity to thank customers, vendors,
                                                             stakeholders, Central and State Governments, business associates
          f)   the Directors have devised  proper systems  to ensure   and bankers for their consistent support and co-operation to
             compliance with the provisions of all applicable laws and that   the Company.  Your Directors take this opportunity to thank all
             such systems are adequate and operating effectively.  the employees who have helped for sustained excellence in
          26.  Management’s  Discussion  And  Analysis       performance of the Company.
          Report                                             Finally, the Directors would like to convey their gratitude to the
          Management’s Discussion and Analysis Report for the year under   members for reposing their confidence and faith in the Company
          review, as stipulated in Regulation 34 (2) (e) of the SEBI (Listing   and its management.
          Obligations and Disclosure Requirements) Regulations, 2015, is
          presented in a separate section forming part of the Annual Report.
          27. Disclosure under the Sexual Harassment of                       For and on behalf of the Board of Directors,
          Women at Workplace (Prevention, Prohibition
          and Redressal) Act, 2013
          The Company has adopted a Policy on Prevention and Redressal of                           Rajesh Patil
          Sexual Harassment at workplace. Pursuant to the provisions of the   Date: 23 June 2020   Chairman and Managing Director
          Sexual Harassment of Women at Workplace (Prevention, Prohibition   Place: Pune           DIN 00381866
          and Redressal) Act, 2013, the Company has in place an Internal
          Complaints Committee for prevention and redressal of complaints
          of sexual harassment of women at the workplace.

          68 | Kolte-Patil Developers Limited
   65   66   67   68   69   70   71   72   73   74   75