annual-report-FY2021

192 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 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 Your Company has separate posts of Chairman and CEO. Whilst Mr. Anand G. Mahindra is the Executive Chairman, Dr. Pawan Goenka, was the Managing Director and CEO of the Company upto 2 nd April, 2021 and Dr. Anish Shah who was Deputy Managing Director and Group Chief Financial Officer has taken over as Managing Director and Chief Executive Officer of the Company with effect from 2 nd April, 2021. Mr. Anand G. Mahindra will transition to the role of Non-Executive Chairman with effect from 12 th November, 2021. 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, 2021 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 2020-21 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 7.42 Other Services 3.65 Reimbursement of expenses 0.15 Total 11.22 7. Disclosure in relation to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 for the Financial Year 2020-21 is as under: (a) Number of complaints filed during the financial year under review : 7 (b) Number of complaints disposed of during the financial year under review : 5 (c) Number of complaints pending as on end of the financial year : 2 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.