Annual Report 2016-17

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68 • Annual Report 2016-17
Particulars of Loans and Guarantees given and Investments made
/oans, guarantees and investments covered under Section 186 of the Act form part of the notes to the onancial
statements provided in this Annual Report. (Refer notes 6, 7, 15, 16 and 43 of the standalone onancial 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 the 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 conorms that none of the transactions with any
of related parties were in conpict with your Company’s interest.
The related party transactions are entered into based on considerations of various business e[igencies, such as synergy
in operations, sectoral specialisation and your Company’s long-term strategy for sectoral investments, optimization of
market share, prootability, 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.
Corporate Governance
A separate section on Corporate Governance with a detailed compliance report as stipulated under the /isting
Regulations and any other applicable law for the time being in force forms an integral part of this Report.
Compliance Certiocate from the Practicing Company Secretary regarding compliance of conditions of Corporate
Governance as stipulated in the /isting Regulations forms part of this Annual Report.
Management discussion and analysis
Report on Management Discussion and Analysis as stipulated under the /isting Regulations and any other applicable
law for the time being in force based on audited, consolidated onancial statements for the onancial year 2016-17 forms
part of this Annual Report.
Business Responsibility Report
Report on Business Responsibility as stipulated under the /isting 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 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. Bulk of the electric
o[tures is equipped with electronic ballast which has resulted into a signiocant 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 e[cessive illumination levels to standard levels in all common areas by using switching or
delamping and aggressively controlled lighting with new sensor technologies. /ike in the previous year, your Company
has continued to ma[imise the use of energy efocient pat monitors, VRV air-conditioning systems, solar energy for hot
water, /ED logo on buildings, /ED lighting in common areas, installation of power management software for desktops,
:attMiser system in AHUs, En-power Computer Management system and VFD Installation for Fresh Air AHU systems for
conservation of energy. Your Company has used all /ED light ottings at its Hinjawadi (Yajurveda 2nd poor), Goa (Bhaskar)
and Nagpur IT Tower facilities and have proposed to use the same in other facilities. Your Company has regulated
working of lifts, vending machines, ventilation systems and water coolers in its premises.