Annual Report 2016-17

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122 • Annual Report 2016-17
D. Policy on Material Subsidiary
In terms of Regulation 16 of the /isting Regulations, the Policy on Material Subsidiary is framed to determine the Material
Subsidiaries of the Company and to provide the governance framework for such subsidiaries. The Policy to determine
the Material Subsidiaries of the Company is uploaded at '.
E. Disclosures on material signiocant related party transactions that may have potential conpict with the
interests of the Company
During the onancial year 2016-17, there were no material signiocant transactions, pecuniary transactions or relationships
between the Company and the Promoters, Directors and their relatives and the management that has potential conpict
of interest of the Company.
Details of all transactions entered into by the Company with the related parties have been disclosed under “Related Party
Transactions” in the Notes to Accounts of the Company which form part of this Annual Report. A Policy determining the
Related Party Transactions is uploaded on the Company’s website at
'.
F. Risk management and internal control policies adopted by the Company
The report on Risk Management and Internal Control Policies adopted by the Company forms separate part of this
Annual Report.
G. Adherence to accounting standards
The Company follows the mandatory Accounting Standards notioed by the Ministry of Corporate Affairs (MCA) and to
the best of its knowledge, there are no deviations in the accounting treatments that require specioc disclosure.
H. Details of non-compliance
Details of non-compliance by the Company, penalties and strictures imposed on the Company by Stock E[changes,
SEBI or any statutory authority, on any matter related to the capital markets, during the period from April 1, 2016 to
March 31, 2017 – NI/.
The Company has complied and disclosed all the mandatory requirements under the /isting Regulations.
I. Remuneration to the Directors of the Company
Information relating to the remuneration to the Directors during the onancial year 2016-17 has been provided under the
details of the Compensation and Remuneration Committee under this report.
8. Management Discussion and Analysis
As required by Regulation 34(2)(e) of the /isting Regulations, the Management Discussion and Analysis is provided
elsewhere in the Annual Report.
9. Corporate Social Responsibility Report
A Report on the Corporate Social Responsibility (CSR) Initiatives of the Company has been provided elsewhere in the
Annual Report.
10. Shareholders’ Information
A. Means of Communication
The Company constantly communicates to the institutional investors about the operations and onancial results of
the Company. Besides publishing the abridged onancial results in one national and one regional daily newspaper
respectively, as per Regulation 46 of the /isting Regulations, the complete audited onancial statements are published
on the Company’s website ) at ' under ‘Investors’
section. The transcripts of call with analysts are also available on the Company’s website.
The Company uses a wide array of communication tools including face-to-face, online and ofpine channels to ensure
that information reaches all the stakeholders in their preferred medium.