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 Year
2016-17 28 September 2017 at 12.15 PM
2017-18 29 September 2018 at 11.30 AM
2018-19 21 September 2019 at 10.30 AM
Venue
Yashwantrao Chavan Academy Of Development Administration (YASHADA), MDC (Auditorium) Building, Raj Bhavan Complex, Baner Road, Pune – 411 007
Regal Hall, The Pride Hotel, 5 University Road, Shivajinagar, Pune – 411005
Palladium, Residency Club, General A.K. Vaidya Marg, Pune – 411001.
Special Resolution passed
NIL
NIL 5
Purpose of Special Resolution
Not Applicable
Not Applicable
1. To consider and approve re-appointment of Mr. Prakash Gurav (DIN: 02004317) as Independent Director for a 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
Code-of-Fair-Disclosure-Kolte-Patil_Developers_Limited.pdf
The Company regularly monitors the transactions in terms of the Code undertaken by the employees of the Company. The Company also informs the stock exchange(s) periodically about the transaction(s) undertaken by the designated employees and their shareholdings as per the regulations.
Materially Significant Related Party Transactions
There were no materially significant related party transactions with its promoters, directors or its management, their subsidiaries/associates or relatives, etc. that had a potential conflict with the interest of the Company.
The disclosure of transactions with related parties set out in Note No. 43 of Standalone Financial Statements, forming part of the Annual Report.
The Company’s major related party transactions are generally with its subsidiaries and associates. The related party transactions are entered into based on considerations of various business constraints.
All related party transactions are done on arms’ length basis,
POSTAL BALLOT:
The Company has not obtained approval of members by way of postal ballot (e-voting and postal ballot) during FY 2019-20.
DISCLOSURES:
(A) Subsidiary Companies
The Company has 2 (Two) material non-listed Indian subsidiaries whose income or net worth exceeds 10% of the consolidated income or net worth of the listed holding and its subsidiaries in the immediately preceding accounting year. The following are material non-listed Indian subsidiaries:
(i) Kolte-Patil I-Ven Townships (Pune) Limited
(ii) Kolte-Patil Real Estate Private Limited
The company has formulated a policy for determining ‘material’ subsidiaries. The said policy can be accessed at http://www. koltepatil.com/investors/corporate-governance.
(B) Insider Trading Code
The company has formulated Code of fair disclosure. The said code can be accessed at http://www.koltepatil.com/docs/
(C)
106 | Kolte-Patil Developers Limited