8 19. Management Discussion and Analysis The Management Discussion and Analysis Report covering performance of the Company is given at page number 18. 20. Corporate Governance Report 20.1 Statement of declaration given by the Independent Directors. The Independent Directors have given declarations under Section 149(6) of the Companies Act, 2013. 20.2 Report The Corporate Governance Report is given at page number 20. Details about the number of meetings of the Board held during 2019-20 are given at page number 23. The composition of the Audit Committee is given at page number 25. All the recommendations given by the Audit Committee were accepted by the Board. 20.3 Secretarial standards Secretarial standards as applicable to the Company were followed and complied with during 2019-20. 20.4 Prevention, prohibition and redressal of sexual harassment Details required under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and rules there under are given at page number 27. 21. COVID-19 The COVID-19 pandemic is a worldwide crisis and has meant that the economies will have to operate alongside the disease, now as the attention has started shifting from lockdown to safe reopening. The Company strictly followed the guidelines issued by the local, state and central governments and beyond to protect the health and well-being of its workforce and ensured minimum disruption to its customers. The Company closed its manufacturing facilities for a month and is taking all possible steps required to adjust to the new normal of working and growing. The demand is expected to remain uncertain in the foreseeable future. 22. Acknowledgements The Board expresses its sincere thanks to all the employees, customers, suppliers, investors, lenders, regulatory and government authorities for their support. For and on behalf of the Board of Directors Atul (Wolfgang Schumann) April 24, 2020 Chairman
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