annual-report-FY2021

88 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS I have also examined compliance with the applicable clauses of the following: (i) Secretarial Standards issued by the Institute of Company Secretaries of India; (ii) Listing Agreements entered into by the Company with BSE Ltd. and the National Stock Exchange of India Ltd. read with The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. During the period under review the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc. mentioned above. I further report that: The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors. The changes in the composition of the Board of Directors that took place during the period under review were carried out in compliance with provisions of the Act. Adequate notice is given to all Directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent at least seven days in advance. Notices of two meetings of the Board of Directors were given at short notice to transact urgent business, in compliance with the first proviso of Section 173(3) of the Act. A system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting. As per the minutes of the meetings, duly recorded and signed by the Chairman, the decisions of the Board and its committees were unanimous. I further report that there are adequate systems and processes in the Company commensurate with the size and operations of the Company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines. I further report that during the audit period the Company issued and listed on the BSE Ltd., the following series of unsecured Non-Convertible Debentures: i. 10,000 – 6.65% Non-Convertible Debentures of Rs. 1,000,000 each aggregating to Rs. 1,000 crore. ii. 10,000 – 6.78% Non-Convertible Debentures of Rs. 1,000,000 each aggregating to Rs. 1,000 crore. iii. 5,000 – 6.19% Non-Convertible Debentures of Rs. 1,000,000 each aggregating to Rs. 500 crore. Sachin Bhagwat ACS: 10189 CP: 6029 Place: Pune UDIN: A010189C000344963 Date: 19 May, 2021 PR No.: 654/2020