The Company's philosophy on Corporate Governance envisages the attainment of the highest levels of transparency, accountability, and equity in all facets of its operations, and in all its interactions with its stakeholders, including shareholders, employees, lenders, and the Government. The Company is committed to achieving & maintaining good standards of corporate governance.
The Company maintains an adequate internal control system, which provides among other things, reasonable assurance of recording the transactions of its operations in all material aspects and of providing protection against misuse or loss of the Company's assets.
The Board of directors has taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.
The Statutory Auditors of the company are Lodha & Co and the Process & Control Auditors are Protiviti (for HO). The auditors independently evaluate the company's internal control, adequacy and dependability of records both through systems and field visits and they report directly to the Audit Committee. The company's IT system is audited once a year.
The company is a listed company in BSE for its debt security.
In addition, the company has a well-structured system of risk management and risk reporting.