Page 70 - Kolte Patil AR 2019-20

31 March 2020 and of the profit of the Company for the year ended on that date;
c) the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
d) the Directors have prepared the annual accounts on a ‘going concern’ basis;
e) the Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and
f) the Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.
26. Management’s Discussion And Analysis Report
Management’s Discussion and Analysis Report for the year under review, as stipulated in Regulation 34 (2) (e) of the SEBI (Listing 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 Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
The Company has adopted a Policy on Prevention and Redressal of Sexual Harassment at workplace. Pursuant to the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition 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.
Status of Complaints received during the year under review:
68 | Kolte-Patil Developers Limited
Received during Resolved the year
NIL NIL
28. Credit Rating
Pending at the year end
NIL
The Company has obtained credit rating as A+/Stable for the bank facilities of C600 Crores from CRISIL.
29. Acknowledgements
Your Directors take this opportunity to thank customers, vendors, stakeholders, Central and State Governments, business associates and bankers for their consistent support and co-operation to the Company. Your Directors take this opportunity to thank all the employees who have helped for sustained excellence in performance of the Company.
Finally, the Directors would like to convey their gratitude to the members for reposing their confidence and faith in the Company and its management.
Date: 23 June 2020 Place: Pune
For and on behalf of the Board of Directors,
Rajesh Patil
Chairman and Managing Director
DIN 00381866