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ANNUAL REPORT 2018 - 2019

RISKMANAGEMENT :

With the growth in business operations of the Company, it is essential to reassess and revisit the risk management
frameworkfromtimetotime.YourCompanyhasbeenconstantlyreviewingthefactorstomitigateriskassociatedwith
operations,revenues,regulationsandaccomplishmentofobjectivesbyaddressingthem.Inordertomaximizereturns
in any business it is necessary to mitigate the risks associated in the business operations.The foreseeable risks can be
classified into financial risk, commodity price risks, regulatory risks, geo-political risks and other strategic risks. The
Company has at various levels trained its employees to identify, prevent and mitigate the risks that may affect the
business and operations of the Company.The risk management framework is reviewed periodically by the Board and
the Audit Committee keeping a check on overall effectiveness of the risk management of the Company. A detailed
noteonrisks,concernsandmitigatingfactorshavebeengivenintheManagementDiscussion&AnalysisReport.
ESTABLISHMENTOFVIGILMECHANISM :

The corporate affairs of the Company are carried out in a fair and transparent manner.The Company has in place a
Whistle Blower Policy as a vigil mechanism as envisaged in the Companies Act,2013 read with the Rules thereunder
and the Listing Regulations.This Policy has been adopted circulated and placed on the website of the Company in
order to provide a secure environment and to encourage employees of the Company to report unethical,unlawful or
improper practice, acts or activities. Any employee can approach his/her Department Head for any such instance
observed or experienced or if in case it involves Managerial Personnel to the Managing Director and thereafter the
Audit Committee Chairman.After due investigation the matter shall be dealt with as per the procedure prescribed in
the Policy.During the year under review,no employee was denied access to the Audit Committee. TheWhistle Blower
PolicyoftheCompanyhasbeenpostedonthewebsiteoftheCompanyviz.www.amines.com.
CORPORATESOCIALRESPONSIBILITY(CSR) :

As a part of its CSR initiative, pursuant to Section 135 of the Companies Act, 2013 and relevant Rules, the Board has
constitutedtheCSRCommitteeandhasidentifiedvarioussectorsoftheSocietybasedontheneedsandrequirements
in a particular field. During the year under review, the Company has undertaken following activities under its CSR
initiatives :

➢ Education is one of the primary necessity of the children today. Keeping this noble cause in mind the
Company has supported the initiative of promoting literacy by providing education to the needy and
unprivileged sections of the Society through All India Social Educational Charitable Trust a registered
CharitableTrust.

➢ Water is the most important substance on the earth to survive. There will be no life without water.
Availabilityofcleandrinkingwaterisofparamountimportancesincecertainsectionsofthesocietyhaveno
means of storing and processing water.The Cattlealsosuffer immenselydue tolackofwater.Looking at the
severe crunch of drinking water and to save human and cattle life, the Company decided to support one
such Trust who was undertaking such humane projects.The Company has thus contributed towards this
purpose by making water facilities available to the people living in the rural part of Maharashtra for their
survival,througharegisteredCharitableTrust.

AdetailedreportasrequiredunderSection135isannexedasAnnexure6andformspartofthisAnnualReport.
SIGNIFICANTANDMATERIALCHANGES/ORDERSPASSEDBYTHEREGULATORSORCOURTSANDTRIBUNALS :

No significant and material order has been passed by the regulators, courts, tribunals impacting the going concern
statusandCompany’soperationsinfuture.

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BOARDS REPORT