Atul Ltd 2020-21

60 Atul Ltd | Annual Report 2020-21 • risk identification and definition • risk classification • risk assessment and prioritisation • risk mitigation • risk tracking | reporting mechanism iv) Review periodically and suggest changes in the Risk Management Policy to the Board 3.6.2 Composition The Committee comprises the following Members: No. Name Designation 1. S S Lalbhai Chairman 2. B N Mohanan Member 3. T R Gopi Kannan Member 3.6.3 Meetings and attendance During 2020-21, two meetings were held. No. Name Total Attended 1. S S Lalbhai 2 2 2. B NMohanan 2 2 3. T R Gopi Kannan 2 2 Mr B R Arora, Independent Director, the Company Secretary and the Chief Assurance Officer and the Chief Risk Officer are permanent invitees to the meetings. The Board notes the minutes of the Risk Management Committee meeting. 4. Subsidiary companies registered in India As on March 31, 2021, the Company had 17 non-material Indian subsidiary companies: a) twelve wholly-owned - Aaranyak Urmi Ltd, Aasthan Dates Ltd, Anchor Adhesives Pvt Ltd, Atul Bioscience Ltd, Atul Biospace Ltd, Atul Fin Resources Ltd, Atul Finserv Ltd, Atul Infotech Pvt Ltd, Atul Nivesh Ltd, Atul Products Ltd, Biyaban Agri Ltd and Raja Dates Ltd b) four others - Atul Lifescience Ltd, Atul Natural Dyes Ltd, Atul Natural Foods Ltd and Atul Renewable Energy Ltd c) one joint venture - Atul Rajasthan Date Palms Ltd The Financial Statements of the above companies were reviewed by the Audit Committee. The minutes of the meetings of all the subsidiary companies were placed before the Board. 5. Company policies 5.1 Compliance Compliance certificates confirming due compliance with statutory requirements are placed at the Board meeting for review by the Directors. A system of ensuring material compliance with the laws, orders, regulations and other legal requirements concerning the business and affairs of the Company is in place. Instances of non-compliance, if any, are also separately reported to the Board and subsequently rectified. 5.2 Code of Conduct The Code of Conduct is available on the website of the Company at www.atul.co.in/investors/polices All the Directors and the Senior Management Personnel have affirmed their compliance with the Code of Conduct. A declaration to this effect signed by the Chairman and Managing Director forms a part of this report. 5.3 Prevention of sexual harassment of women at workplace Pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Rules, 2013, the Company has framed a policy on prevention of sexual harassment of women at workplace and constituted Internal Complaints Committee. Status of complaints during 2020-21 is as under: Filed during 2020-21 Nil Disposed of during 2020-21 Nil Pending as at the end of 2020-21 Nil