Page 98 - Kolte Patil AR 2019-20

We further report that, Directors including independent Director have consented to the
shorter period of circulation of the same. All decisions at Board
The Board of Directors of the Company is duly constituted with
proper balance of Executive Directors, Non-Executive Directors and Meetings and Committee Meetings are carried out unanimously as
Independent Directors. However the constitution of Nomination and recorded in the minutes of the meetings of the Board of Directors or
Remuneration Committee consisted of two independent directors Committees of the Board, as the case may be.
and an executive director which was reconstituted after the close of We further report that there are adequate systems and processes
financial year with the appointment of non executive director. in the company commensurate with the size and operations of the
company to monitor and ensure compliance with applicable laws,
Adequate notice is given to all directors to schedule the Board rules, regulations and guidelines.
Meetings, agenda and detailed notes on agenda were sent at least
seven days in advance, and a system exists for seeking and obtaining We further report thatduring the audit period, there are no specific
furtherinformation and clarifications on the agenda items before events / actions having a major bearing on the company’s affairs in
the meeting and for meaningful participation at the meeting at the pursuance of the above referred laws, rules, regulations, guidelines,
meeting Further, in the incidences where, for the purpose of any standards, etc. referred to above.
Board or Committee Meeting, notice, agenda or notes to agenda
are circulated with shorter period of less than seven days, all the

For SVD & Associates
Company Secretaries
Sridhar G. Mudaliar
Partner
FCS No: 6156
Place: Pune C P No: 2664
Date: June 22, 2020 UDIN: F006156B000362072
Note: This report is to be read with letter of even date by the Secretarial Auditors, which is annexed as Annexure A and forms an integral part
of this report.

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