06 ` 10 each ful ly paid-up for the year ended March31, 2024. Thedividendwill entail anoutflowof ` 17.51 cr on the paid-up equity share capital of ` 5.84 cr. 04. Energy conser vat i on , techno l ogy absorption and foreign exchange earnings and outgo Information required under Section 134(3)(m) of the Companies Act, 2013, read with Rule 8(3) of the Companies (Accounts) Rules, 2014 as amended from time to time, forms part of this Report, which is given on page number 09. 05. Insurance The Company has taken adequate insurance to cover the risks to its employees, property (land and building), plant, equipment, other assets and third parties. 06. Risk management The Company has identified risks and has initiated a mitigation plan for the same. As per the requirements of Rule 3(1) of the Companies (Accounts) Rules 2014, the Company uses only such accounting software for maintaining its books of account that records audit trail of all the transaction, creates an edit log of all the changes made in the books of accounts along with when such changes are made and by whom. This feature of recording audit trail has operated throughout the year and was not tampered with during the year. In respect of the aforesaid accounting software, after thorough testing and validation, audit trail was not enabled for direct data changes at the database level in view of the possible impact on efficient performance of system. In respect of audit trail at database level, the Company has established and maintained an adequate internal control framework over its financial reporting and based on its assessment, has concluded that the internal controls for the year endedMarch 31, 2024, were effective. The Company is in the process of system upgradation to meet the database level audit trail requirement. We expect to implement this from May 01, 2024. 07. Internal financial controls TheManagement assessed the effectiveness of the internal financial controls over financial reporting as of March 31, 2024, and the Board believes that the controls are adequate. 08. Fixed deposits During 2023-24, the Company did not accept any fixed deposit. 09. Loans, guarantees, investments and security Particulars of loans, guarantees, investments and security provided are given on page number 55. 10. Subsidiary, joint venture and associate company The Company does not have any subsidiary, joint venture and associate company. 11. Related party transactions All the transactions entered into with the related parties were in the ordinary course of business and on an arm’s length basis. Details of such transactions are given on page number 65. No transactions that required disclosure in Form AOC-2 were entered into by the Company. 12. Corporate social responsibility The composi t ion of the Corporate Social Responsibility (CSR) Committee, the CSR Policy and the CSR Report are given on page number 10. 13. Annual return Annua l return for 2023-24 i s ava i l ab l e o n t h e we b s i t e o f t h e Comp a n y a t www.racl.co.in/investors/stakeholders-information/ annual-reports/ 14. Auditors DeloitteHaskins&Sells LLP, CharteredAccountants were reappointed as the Statutory Auditors of the Company at the 18th Annual General Meeting (AGM) held on August 19, 2022, until the conclusion of the 23rd AGM. The Auditors’ Report for the financial year ended March 31, 2024, does not contain any qualification,
RkJQdWJsaXNoZXIy MjA2MDI2