annual-report-FY2020

201 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 IX. OTHER DISCLOSURES 1. Compliance with Mandatory requirements Your Company has complied with all the mandatory requirements of the Listing Regulations relating to Corporate Governance. 2. Separate posts of Chairman and CEO With effect from 1 st April, 2020, your Company has separate posts of Chairman and CEO. Whilst Mr. Anand G. Mahindra is the Executive Chairman, Dr. Pawan Goenka, is the Managing Director of the Company and has been further appointed as the Chief Executive Officer of the Company. 3. Compliance with Non-mandatory requirements: Unmodified Audit Opinion During the year under review, there is no audit qualification in your Company’s standalone financial statements. Your Company continues to adopt best practices to ensure regime of financial statements with unmodified audit qualifications. 4. Details of utilisation of funds of Preferential Allotment/QIP The Company has not raised funds through Preferential Allotment/QIP during the year under review. 5. Certificate from Company Secretary in Practice regarding Non-Debarment and Non-Disqualification of Directors A certificate from Company Secretary in Practice certifying that none of the Directors on the Board of the Company as on 31 st March, 2020 have been debarred or disqualified from being appointed or continuing as Directors of Companies by the Board/ Ministry of Corporate Affairs or any such Statutory Authority, is annexed at the end of this Report. 6. Total fees for all services paid to the Statutory Auditors by the Company and its Subsidiaries for the Financial Year 2019-20 Total fees paid by the Company and its Subsidiaries on a consolidated basis, to the Statutory Auditor viz. B S R & Co. LLP, Chartered Accountants, Firm Registration No. 101248W/W-100022 and all entities in the network firm/network entity of which the Statutory Auditors is a part, are as follows: (Rs. in Crores) Particulars Amount Audit Fees 7.23 Other Services 3.09 Reimbursement of expenses 0.23 Total 10.55 7. Disclosure in relation to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 for the Financial Year 2019-20 is as under: (a) Number of complaints filed during the financial year under review : 2 (b) Number of complaints disposed of during the financial year under review : 2 (c) Number of complaints pending as on end of the financial year : NIL 8. Disclosure in relation to recommendation made by any Committee which was not accepted by the Board: During the year under review, there were no such recommendations made by any Committee of the Board that were mandatorily required and not accepted by the Board.