16 Uncertainty and consequent high volatility seen in certain rawmaterials may strain the sales margins. The Company will take necessary actions to defend the existing market and achieve growth. Internal control systems Internal control systemsof theCompanyarecommensurate with the nature of its business and the size and complexity of its operations. These are routinely tested, certified and upgraded whenever required by the Statutory as well as the Internal Auditors covering all key areas of the business. Significant audit observations and follow-up actions and recommendations thereon are reported to the Senior Management and the Audit Committee for their review. Human Resources The Company continued its drive to institutionalise and upgrade its HR processes to help build a more robust workforce capable of managing dynamic and growing business needs. The process of identification and review of key initiatives has become stronger and is continuously upgraded. The requisite training was imparted during 2020-21. Employee relations remained cordial.
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