Page 70 - Kolte Patil AR 2019-20

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