06 05. Insurance The Company has taken adequate insurance for its current and fixed assets, employees and products against various relevant risks. 06. Risk management The Company has identified risks and has initiated a mitigation plan for the same. 07. Internal financial controls The Management assessed the effectiveness of the internal financial controls over financial reporting as at March 31, 2025, and the Board believes that the controls are adequate. 08. Fixed deposits The Company did not accept any deposits from public and as such no amount on account of principal or interest on deposits from public was outstanding as at March 31, 2025. 09. Loans, guarantees, investments and security Particulars of loans, guarantees, investments and security provided are given on page number 56. 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 66. No transactions that required disclosure in Form AOC-2 were entered into by the Company. 12. Corporate social responsibility The composition of the Corporate Social Responsibility (CSR) Committee, the CSR Policy and the CSR Report are given on page number 10. 13. Annual return Annual return for 2024-25 is available on the website of the Company at https://www.racl. co.in/investors/stakeholders-information/ annualreports/ 14. Auditors 14.1 Statutory Auditors Deloitte Haskins & Sells LLP Chartered Accountants were appointed 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 Auditor’s Report for the financial year ended on March 31, 2025 does not contain any qualification, reservation or adverse remark. The report is enclosed with the financial statements in this annual report. 14.2 Cost Auditors The Company has maintained cost records as required under the Act. The members ratified the appointment of Tadhani & Co, as the Cost Auditors for 2024-25 on August 05, 2024. 15. Directors’ responsibility statement Pursuant to Section 134(5) of the Companies Act, 2013, the Directors confirm that, to the best of their knowledge and belief: 15.1. In preparation for the annual accounts for the financial year ended on March 31, 2025, the applicable accounting standards have been followed and there are no material departures. 15.2. The accounting policies were selected and applied consistently and judgements and estimates were made that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit and loss of the Company for that period. 15.3. Proper and sufficient care was taken for the maintenance of adequate accounting records
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