Page 68 - Kolte Patil AR 2019-20

(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: https://www.koltepatil.com/ 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.

66 | Kolte-Patil Developers Limited