Page 108 - Kolte Patil AR 2019-20

DETAILS OF THE ANNUAL GENERAL MEETINGS
The details of previous three Annual General Meetings of the Company are as follows:
Financial Date and Time Venue Special Purpose of Special Resolution
Year Resolution
passed
2016-17 28 September Yashwantrao Chavan NIL Not Applicable
2017 at 12.15 PM Academy Of Development
Administration (YASHADA),
MDC (Auditorium) Building,
Raj Bhavan Complex, Baner
Road, Pune – 411 007
2017-18 29 September Regal Hall, The Pride Hotel, 5 NIL Not Applicable
2018 at 11.30 AM University Road, Shivajinagar,
Pune – 411005
2018-19 21 September Palladium, Residency Club, 5 1. To consider and approve re-appointment of Mr. Prakash
2019 at 10.30 AM General A.K. Vaidya Marg, Gurav (DIN: 02004317) as Independent Director for a
Pune – 411001. period of 5 years from 13 September 2019
2. To consider and approve re-appointment of Mr. Jayant
Pendse (DIN:02434630) as Independent Director for a
period of 5 years from 13 September 2019
3. To consider and approve re-appointment of Mr. G L
Vishwanath (DIN: 01758785) as Independent Director for
a period of 5 years from 13 September 2019
4. To consider and approve re-appointment of Mrs. Manasa
Vishwanath (DIN: 05241229) as Independent Director for
a period of 5 years from 13 September 2019
5. To consider and approve fund raising up to C500 Crores

POSTAL BALLOT: Code-of-Fair-Disclosure-Kolte-Patil_Developers_Limited.pdf
The Company has not obtained approval of members by way of The Company regularly monitors the transactions in terms of
postal ballot (e-voting and postal ballot) during FY 2019-20. the Code undertaken by the employees of the Company. The
Company also informs the stock exchange(s) periodically about
DISCLOSURES: the transaction(s) undertaken by the designated employees
(A) Subsidiary Companies and their shareholdings as per the regulations.
The Company has 2 (Two) material non-listed Indian (C) Materially Significant Related Party Transactions
subsidiaries whose income or net worth exceeds 10% of the There were no materially significant related party transactions
consolidated income or net worth of the listed holding and its with its promoters, directors or its management, their
subsidiaries in the immediately preceding accounting year. The subsidiaries/associates or relatives, etc. that had a potential
following are material non-listed Indian subsidiaries:
conflict with the interest of the Company.
(i) Kolte-Patil I-Ven Townships (Pune) Limited
The disclosure of transactions with related parties set out in
(ii) Kolte-Patil Real Estate Private Limited Note No. 43 of Standalone Financial Statements, forming part
The company has formulated a policy for determining ‘material’ of the Annual Report.
subsidiaries. The said policy can be accessed at http://www. The Company’s major related party transactions are generally
koltepatil.com/investors/corporate-governance. with its subsidiaries and associates. The related party
(B) Insider Trading Code transactions are entered into based on considerations of
The company has formulated Code of fair disclosure. The said various business constraints.
code can be accessed at http://www.koltepatil.com/docs/ All related party transactions are done on arms’ length basis,

106 | Kolte-Patil Developers Limited