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96 • Annual Report 2018-19
Shaping the future of software driven business
Particulars of Loans and Guarantees given and Investments made
Loans, guarantees and investments covered under Section 186 of the Act form part of the notes to the financial statements
provided in this Annual Report. (Refer notes 6, 7, 15, 16, 34 and 43 of the standalone financial statements)
Related Party Transactions
The Policy to determine materiality of related party transactions and dealing with related party transactions as approved by
the Board of Directors is available on your Company’s website at
During the year under report, your Company had not entered into any material transaction with any party who is related to it
as per the Act. There were certain transactions entered into by your Company with its foreign subsidiaries and other parties
who are related within the meaning of Indian Accounting Standard (Ind AS) 24. Attention of Members is drawn to the disclosure
of transactions with such related parties set out in Note No. 34 of the Standalone Financial Statements, forming part of this
Annual Report. The Board of Directors confirm that none of the transactions with any of related parties were in conflict with
your Company’s interest. The list of Related Party Transactions entered by your Company for FY 2018-19 (on consolidated basis)
are available on
The related party transactions are entered into based on considerations of various business exigencies, such as synergy in
operations, sectoral specialization and your Company’s long-term strategy for sectoral investments, optimization of market
share, profitability, legal requirements, liquidity and capital resources of subsidiaries.
All related party transactions are entered into on an arm’s length basis, are in the ordinary course of business and are intended
to further your Company’s interests.
The information on transactions with related parties pursuant to Section 134(3)(h) of the Act read with Rule 8(2) of
the Companies (Accounts) Rules, 2014 are given in Annexure D in Form No. AOC-2 and the same forms an integral part of
this report.
Corporate Governance
A separate section on Corporate Governance with a detailed compliance report as stipulated under the Listing Regulations and
any other applicable law for the time being in force, forms an integral part of this Report.
Compliance Certificate from the Practicing Company Secretary regarding compliance of conditions of Corporate Governance
as stipulated in the Listing Regulations forms an integral part of this Annual Report.
Management Discussion and Analysis
Report on Management Discussion and Analysis as stipulated under the Listing Regulations and any other applicable law for
the time being in force based on audited, consolidated financial statements for the financial year 2018-19, forms an integral
part of this Annual Report.
Business Responsibility Report
Report on Business Responsibility as stipulated under the Listing Regulations and any other applicable law for the time being
in force describing the initiatives taken by the Management from an environmental, social and governance perspective, forms
an integral part of this Annual Report.
Conservation of energy, technology absorption, research and development, foreign exchange earnings and outgo
Your Company has made the necessary disclosures in this Report in terms of Section 134(3) of the Act read with Rule 8 of the
Companies (Accounts) Rules, 2014. Your Company strives to conserve energy on a perpetual basis. Your Company has procured
various energy saving devices and systems, which help in conserving energy and has resulted into a significant savings in the
energy cost.
Carbon management and sustainable development provide business with some of the greatest opportunities towards
sustainability. Your Company reduced carbon footprints by taking energy conservation measures. Your Company continues to
take various measures on energy saving.
Your Company has reduced excessive illumination levels to standard levels in all common areas by using switching or delamping
and aggressively controlled lighting with new sensor technologies. Like in the previous year, your Company has continued to
maximize the use of energy efficient flat monitors, VRV air-conditioning systems, solar energy for usage of hot water, LED logo