To,
The Members,
Your Directors are pleased to present the thirty seventh report on the
business and operations of the Company for the year ended 30th June, 2023.
FINANCIAL RESULTS (STANDALONE) ' in Lakhs
Particulars |
2022-23 |
2021-22 |
Revenue |
|
|
- Revenue from operations |
41,160.10 |
32,717.23 |
- Other Income |
1,031.42 |
1,601.31 |
Total income |
42,191.52 |
34,318.54 |
Total expenses |
27,514.55 |
24,169.32 |
Exceptional Items |
1,162.65 |
- |
Profit before Tax expenses |
15,839.62 |
10,149.22 |
- Current Tax |
3,987.82 |
2,511.66 |
- Deferred Tax |
1.22 |
(106.20) |
Net Profit for the year |
11,850.58 |
7,743.76 |
Other comprehensive income |
(378.64) |
14.67 |
Total comprehensive income
for the year (net of tax) |
11,471.94 |
7,758.43 |
Profit brought forward from
previous year |
18,483.99 |
15,800.48 |
Profit available for appropriation |
29,955.93 |
23,558.91 |
Appropriations: |
|
|
- Interim dividend |
5,224.19 |
2,537.46 |
- Final equity dividend |
6,716.82 |
2,537.46 |
- Balance Carried Forward
to Balance Sheet |
18,014.92 |
18,483.99 |
DIVIDEND
The Company had declared and paid an interim dividend of ^ 35 per
equity share during the year 2022-23.
Your Directors are pleased to recommend a final dividend of ^ 30 per
equity share for the financial year ended 30th June, 2023.
The total dividend for 2022-23 is ^ 65 per equity share (previous year
^ 62 per equity share).
The Dividend Distribution Policy of the Company is set out as Annexure
"A" and is also uploaded on the Company's website: https://w3.accelva.com/accelva-solutions-india-
limited-policies
OPERATING RESULTS
The Company has shown strong recovery post COVID-19 pandemic. This is
evident from the fact that the revenue from operations for the year under review has gone
past the pre-Covid levels. The revenues rose to ^ 41,160.10 lakhs from ^ 32,717.23 lakhs
in 2021-22, an increase of over 25%. The expenditure has increased steadily from ^
24,169.32 lakhs in 2021-22 to ^ 27,514.55 lakhs during the year under review.
BUSINESS OPERATIONS
The air passenger traffic continued with its solid recovery and is
within touching distance to pre-pandemic levels in international travel and crossing
pre-pandemic levels on domestic levels. This has enabled the Company to register strong
growth, both in revenues and profitability. We continue to work with airlines and industry
partners like IATA and ATPCO to ensure that our end-to-end solutions help the airline
during the recovery phase and beyond.
During the year under review, there was no change in the nature of
business of the Company, pursuant to, inter alia, section 134 of the Act and Companies
(Accounts) Rules, 2014, as amended from time to time.
SUBSIDIARIES
Pursuant to the provisions of section 129(3) of the Companies Act, 2013
("the Act"), a statement containing salient features of financial statements of
Accelya Solutions Americas Inc. and Accelya Solutions UK Limited, in Form AOC-1 is
attached to the financial statements.
In accordance with Section 136 of the Act, the audited financial
statements, including the consolidated financial statements and related information of the
Company and the financial statements of each of the subsidiaries, are available on our
website, w3.accelya.com. Further, in line with the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 and in accordance with the Accounting Standard
21 (AS-21), the Consolidated Financial Statements prepared by the Company include
financial information of its subsidiaries.
The Company's Policy for determining material subsidiaries may be
accessed on the website of the Company at https://
w3.accelva.com/accelva-solutions-india-limited-policies
BOARD OF DIRECTORS
Six meetings of the Board of Directors were held during the year, the
details of which are given in the Corporate Governance Report. The maximum interval
between any
two meetings was well within the maximum allowed gap of 120 days.
The Company has received the following declarations from all the
Independent Directors confirming that:
They meet the criteria of independence as prescribed under the
provisions of the Act, read with the Schedules and Rules issued thereunder, as well as of
Regulation 16 of the Listing Regulations.
In terms of Rule 6(3) of the Companies (Appointment and
Qualification of Directors) Rules, 2014, they have registered themselves with the
Independent Director's database.
In terms of Regulation 25(8) of the Listing Regulations, they
are not aware of any circumstance or situation, which exist or may be reasonably
anticipated, that could impair or impact their ability to discharge their duties.
The Board of Directors, based on the declaration(s) received from the
Independent Directors, has verified the veracity of such disclosures and confirm that the
Independent Directors fulfil the conditions of independence specified in the Listing
Regulations and the Companies Act, 2013 and are independent of the management of the
Company.
Retirement of Mr. Nani Javeri
Mr. Nani Javeri, Non-Executive Independent Director of the Company
retired from the Board on 7 July, 2023, upon completion of his tenure.
The Board places on record its sincere appreciation for the immense
contribution made by Mr. Nani Javeri as an Independent Director.
Appointment of Mr. Saurav Adhikari
Mr. Saurav Adhikari (DIN: 08402010) was appointed as an Additional
Director designated as an Independent Director by the Board of Directors on 2 August 2022.
The shareholders, at the Annual General Meeting held on 19 October,
2022 approved the appointment of Mr. Saurav Adhikari as an Independent Directors for a
period of 5 years with effect from 2 August, 2022.
Appointment of Ms. Meena Jagtiani
Based on the recommendation of the Nomination and Remuneration
Committee, the Board of Directors appointed Ms. Meena Jagtiani (DIN: 08396893) as an
Additional Director in the category of Independent Director of the Company with effect
from 27th June, 2023
for a period of 5 years i.e. upto 26th June, 2028, subject to approval
of the shareholders.
Ms. Meena Jagtiani is not related to the Promoter or Promoter Group and
fulfils the criteria of independence as required under the provisions of the Companies
Act, 2013 and the Rules framed thereunder and the Regulations. Ms. Meena Jagtiani is not
debarred from holding the office of Director by virtue of any order of the Securities and
Exchange Board of India (SEBI) or any other such authority.
The shareholders have approved the appointment of Ms. Meena Jagtiani as
an Independent Director for a period of 5 years with effect from 27th June, 2023 through
postal ballot.
Retirement by rotation and re-appointment of Mr. James Davidson
Mr. James Davidson (DIN: 09516461), retires by rotation at the ensuing
Annual General Meeting and being eligible, offers himself for re-appointment.
Prior to its acquisition by Accelya, Mr. James Davidson (age 68) was
the CEO of Farelogix Inc., a recognized disruptor and leader in airline distribution and
commerce technology. Mr. Davidson has been involved in the travel industry for more than
25 years. Prior to 2005, he was President and CEO of NTE, an internet-based supply chain
technology company focused on transportation pricing and transaction engines for shippers
and carriers. In the past, he held several senior leadership roles, including President
and CEO of Amadeus Global Travel, North America; Head of Sales and Marketing at System
One; and Vice President of Marketing at Reed Travel Group/OAG.
Other details of Mr. James Davidson like the nature of his expertise in
specific functional areas, names of companies in which he holds directorships and
memberships / chairmanships of Board Committees and shareholding etc. as stipulated under
the Listing Regulations, are provided as an Annexure to the AGM notice.
In the opinion of the Board of Directors, the independent directors
appointed during the year possess the requisite expertise and experience and are persons
of integrity and repute.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS
The Company has not given any loans or guarantees covered under the
provisions of the Act. Information regarding investments covered under the provisions of
section 186 of the Act is detailed in the financial statements.
DIRECTORS' RESPONSIBILITY STATEMENT
Your Directors state that:
a. in the preparation of the annual accounts for the year ended 30th
June, 2023, the applicable accounting standards have been followed and there are no
material departures from the same;
b. the Directors have selected such accounting policies and applied
them consistently and made judgments and estimates that are reasonable and prudent so as
to give a true and fair view of the state of affairs of the Company as at 30th June, 2023
and of the profit of the Company for the year ended on that date;
c. the Directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the provisions of this Act
for safeguarding the assets of the Company and for preventing and detecting fraud and
other irregularities;
d. the annual accounts have been prepared on a going concern basis;
e. the Directors have laid down internal financial controls to be
followed by the Company and that such internal financial controls are adequate and are
operating effectively; and
f. the Directors have devised proper systems to ensure compliance with
the provisions of all applicable laws and that such systems are adequate and operating
effectively.
AUDIT COMMITTEE
The details of the Audit Committee are mentioned in Corporate
Governance Report.
HUMAN RESOURCE
The Board has not granted any stock options during the year under
review. During the year the Company also did not have any options in force. Therefore, the
details required to be given under the SEBI (Employee Stock Option Scheme and Stock
Purchase Scheme) Guidelines, 1999 are not being given.
During the year, the Company had cordial relations with its employees.
Disclosures with respect to the remuneration of Directors and employees as required under
section 197 of the Act and Rule 5(1) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 has been appended as Annexure "B".
Details of employee remuneration as required under provisions of
section 197 of the Act and Rule 5(2) & 5(3) of Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014, the names and other particulars of employees drawing
remuneration in excess of the limits set out in the aforesaid Rules, forms part of this
Report. However, inline with the provisions of Section 136(1) of the Act, the Report and
Financial Statements as set out therein, are being sent to all members of your Company
excluding the aforesaid information. The particulars shall be made available to any member
on request.
MATERIAL CHANGES AND COMMITMENTS, IF ANY
There are no material changes and commitments affecting the financial
position of the Company which have occurred between the end of the financial year 2022-23
and the date of this report.
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR
TRIBUNALS IMPACTING THE GOING CONCERN STATUS
There are no significant or material orders passed by the regulators or
courts or tribunals impacting the going concern status and the Company's operations in
future.
TRANSFER TO RESERVES
No amount is proposed to be transferred to General Reserve on
declaration of dividend(s).
POLICIES
Your Company has formulated Policy on Related Party Transactions,
Policy for determining material subsidiaries, CSR Policy and Whistle Blower Policy in
terms of the legal requirements. These and other policies are available on the website of
the Company at https://w3.accelva.com/ investors/
RELATED PARTY TRANSACTIONS
All contracts/transactions entered into by the Company during the
financial year with related parties were in the ordinary course of business and on an
arm's length basis.
Pursuant to the provisions of Section 134(3)(h) of the Act, the
particulars of contracts or arrangements with related parties referred to in Section
188(1) of the Act and prescribed in Form AOC-2 of Companies (Accounts) Rules, 2014, are
provided elsewhere in this Report.
All Related Party Transactions are placed before the Audit Committee
for review and approval. Prior omnibus approval is obtained for Related Party Transactions
for transactions which are of repetitive nature and entered in the ordinary course of
business and are at arm's length.
VIGIL MECHANISM
The Company has adopted a Whistle Blower Policy, as part of vigil
mechanism to provide a framework to promote responsible and secure whistle blowing
process. It protects employees wishing to raise a concern about serious irregularities
within the Company or its employees.
Protected disclosures can be made by a whistle blower through an email
or by a phone call to the Ombudsperson appointed under the Policy. No personnel of the
Company has been denied access to the audit committee.
As per the requirement of The Sexual Harassment of Women at Workplace
(Prevention, Prohibition & Redressal) Act, 2013 ('Act') and Rules made thereunder,
your Company has constituted Internal Complaints Committees.
The Company did not receive any complaint of sexual harassment during
the financial year 2022-23.
RISK MANAGEMENT
The Company has constituted a Risk Management Committee. The details of
Committee and its terms of reference are set out in the Corporate Governance Report
forming part of the Board's Report.
The Company has a robust Risk Management framework to identify,
evaluate and mitigate risks. This framework seeks to create transparency, minimize adverse
impact on the business objectives and enhance the Company's competitive advantage.
The risk framework defines the risk management approach across the
enterprise at various levels.
POLICY ON APPOINTMENT OF DIRECTORS, KEY MANAGERIAL PERSONNEL, SENIOR
MANAGEMENT & OTHER EMPLOYEES AND REMUNERATION POLICY
The Company has framed a policy on appointment of directors, key
managerial personnel, senior management & other employees and remuneration policy
which is annexed as Annexure "C".
CORPORATE SOCIAL RESPONSIBILITY (CSR)
In accordance with the requirements of section 135 of the Act, your
Company has constituted a Corporate Social Responsibility Committee ("CSR
Committee"). The composition and terms of reference of the CSR Committee is provided
in the Corporate Governance Report.
Annual report on CSR activities as required under the Companies
(Corporate Social Responsibility Policy) Rules, 2014 is annexed herewith as Annexure
"D".
AUDITORS
Statutory Auditors
Your Company at its thirty fourth Annual General Meeting held on 28
October, 2020 had appointed Deloitte Haskins & Sells, Chartered Accountants (Firm
Registration No. 117366W/W - 100018) as Statutory Auditors of the Company up to the
conclusion of the thirty ninth Annual General Meeting. The requirement for the annual
ratification of auditor's appointment at the Annual General Meeting has been omitted
pursuant to Companies (Amendment) Act, 2017 notified on May 7, 2018. The Statutory
Auditors have confirmed that they satisfy the independence criteria as required under the
Act. There are no qualifications, reservations or adverse remarks against the Company made
by the Statutory Auditors in their report.
Further, there was no instance of fraud reported by the Statutory
Auditors during the year under review, as required under section 134 of the Actand rules
thereunder.
Secretarial Auditor
Pursuant to the provisions of section 204 of the Act and The Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has
appointed Nilesh A. Pradhan & Co. LLP., Company Secretaries to undertake the
Secretarial Audit of the Company. The Report of the Secretarial Audit is annexed herewith
as "Annexure E". There are no qualifications, reservations or adverse remarks
against the Company made by the Secretarial Auditors in their report.
SECRETARIAL STANDARDS
The Company has complied with Secretarial Standards issued by the
Institute of Company Secretaries of India on Meetings of the Board of Directors and
General Meetings.
EXTRACT OF ANNUAL RETURN
Extract of Annual Return of the Company is annexed herewith as Annexure
"F". The Annual Return is available on https://w3.accelva.com/investors/
CORPORATE GOVERNANCE AND BUSINESS RESPONSIBILITY AND SUSTAINABILITY
REPORT
In compliance with Regulation 34 of the Listing Regulations, a separate
report on Corporate Governance along with a certificate from the Auditors on its
compliance forms part of this report. Business Responsibility and Sustainability Report
under Regulation 34(2)(f) of the SEBI (LODR) Regulations, 2015 forms a part of this report
and is annexed herewith as Annexure "G".
FIXED DEPOSITS
During the year your Company has not accepted fixed deposits from the
public.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNINGS AND OUTGO
The particulars relating to conservation of energy, technology
absorption, foreign exchange earnings and outgo, as required to be disclosed under the
Act, are annexed hereto as Annexure "H".
OTHER DISCLOSURES
i) Details in respect of Company's internal controls with reference to
financial statements are stated in the Management Discussion and Analysis which forms part
of this report.
ii) The requirements to disclose the details of difference between
amount of the valuation done at time of onetime settlement and the valuation done while
taking loan from banks and financial institutions along with the
reasons thereof, is not applicable.
iii) No application has been made under the Insolvency and Bankruptcy
Code, hence the requirement to disclose the details of application made or any proceeding
pending under the Insolvency and Bankruptcy Code, 2016 during the year under review along
with their status as at the end of the financial year is not applicable.
iv) The Company is not required to maintain cost records, as specified
by the Central Government under section 148 of the Act
ACKNOWLEDGMENT
Your directors extend their gratitude to all investors, clients,
vendors, banks, financial institutions, regulatory and governmental authorities and stock
exchanges for their continued support during the year. The directors place on record their
appreciation of contribution made by the employees at all levels for their dedicated and
committed efforts during the year.
For and on behalf of the Board of
Directors |
GurudasShenoy |
Saurav Adhikari |
Managing Director |
Independent Director |
(DIN: 03573375) |
(DIN: 08402010) |
Place: Mumbai |
Mumbai |
Date: 27July, 2023 |
27 July, 2023 |
Annexure 'A'
Dividend Distribution Policy
(Approved by the Board of Directors at their meeting held on 20th
August, 2020)
INTRODUCTION
This Policy is called "Accelya Solutions India Limited - Dividend
Distribution Policy" (hereinafter referred to as "this Policy") and shall
be effective from 20th August, 2020 ("Effective Date"). In terms of the
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 ("Listing Regulations"), including any statutory
modification(s) or re-enactment(s) thereof for the time being in force, Accelya Solutions
India Limited (hereinafter referred to as "the Company") is required to frame
this Policy.
DEFINITIONS
i) "Act" shall mean the Companies Act, 2013 including the
rules made thereunder.
ii) "Company" shall mean Accelya Solutions India Limited.
iii) "CFO" shall mean Chief Financial Officer of the Company.
iv) "Board" or "Board of Directors" shall mean
Board of Directors of the Company.
v) "Dividend" shall mean Dividend as defined under Companies
Act, 2013 or SEBI Regulations.
vi) "SEBI Regulations" shall mean the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
together with the circulars issued thereunder, including any statutory modifications or
re-enactments thereof for the time being in force.
POLICY
This policy aims at ensuring compliance with the provisions of
Regulation 43A of the SEBI Regulations.
Frequency of payment of dividend
The Company believes in rewarding its shareholders as and when the
funds are available for distribution as dividend and generally strive to declare interim
dividend at least once in a year and to recommend final dividend to the Members at the
Annual General Meeting of the Company.
Financial parameters and internal and external factors that would be
considered for declaration of dividend
The Company would, inter alia, consider the following financial
parameters and / or internal & external factors before declaring dividend(s) or
recommending dividend(s) to the shareholders:
Current year profits arrived at after providing for depreciation
in accordance with the provisions of section 123 and other applicable provisions, if any,
of the Act;
Profits from any of the previous financial year(s) arrived at
after providing for depreciation in accordance with the provisions of Section 123 and
other applicable provisions, if any, of the Act;
Fund requirements to finance the working capital needs of the
business;
Opportunities / avenues for investment of the funds of the
Company for future growth.
Optimal free cash to fund any exigencies, if any.
In case the Board proposes not to distribute the profit, the grounds
thereof and information on utilisation of the retained earnings, if any, shall be
disclosed to the shareholders in the Board's Report forming part of Annual Report of the
Company.
Circumstances under which their shareholders can or cannot expect
dividend
In an event where the profits of the Company are inadequate or if the
Company incurs losses, the Company would like to use the Company's reserves judiciously
and not declare dividend or declare dividend lower than its normal rate of dividend.
Procedure for declaration / recommendation of dividend
The CFO jointly with the Managing Director of the Company shall
suggest any amount to be declared / recommended as dividend to the Board of Directors of
the Company, taking into account the aforementioned parameters.
Dividend (including interim and/or final) would be declared and
paid to equity shareholders at the rate fixed by the Board of Directors of the Company.
Final dividend proposed by the Board of Directors, if any, would be subject to the
approval of the shareholders at the Annual General Meeting.
The Compliance Officer of the Company shall ensure compliance of
Insider Trading Regulations and SEBI Regulations with respect to payment of recommendation
/ declaration of dividend.
AMENDMENTS TO THE POLICY
Any amendment(s) of any provision of this policy shall be carried out
by persons authorized by the Board in this regard.
Annexure 'B'
Statement of Disclosure of Remuneration under section 197 of Companies
Act, 2013 and Rule 5(1) of Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014
i) The ratio of remuneration of each director to the median employee's
remuneration, the percentage increase in remuneration of each director, Chief Financial
Officer, Chief Executive Officer, Company Secretary during the financial year 2022-23.
Sr. No. Name of
the Director / KMP |
Designation |
Ratio of remuneration of
each Director to median remuneration of Employees |
Percentage increase in
remuneration |
1 Gurudas Shenoy |
Managing Director |
52:1 |
Not Applicable |
2 Ninad Umranikar |
Company Secretary |
Not Applicable |
10% |
3 Uttamkumar Bhati |
Chief Financial Officer |
Not Applicable |
12% |
ii) The percentage increase in the median remuneration of employees in
the financial year 2022-23 was 10.5%.
Hi) The Company has 1,310 permanent employees on the rolls of the
Company as on 30th June, 2023.
iv) Average percentage increase made in the salaries of Employees other
than the managerial personnel in the financial year was 10.9% whereas the increase in the
managerial remuneration was Nil.
v) It is hereby affirmed that the remuneration paid during the year is
as per the Remuneration Policy of the Company.
Annexure 'C'
Policy on Appointment of Directors, Key Managerial Personnel, Senior
Management & Other Employees and Remuneration Policy
1. Term of Appointment of Directors
A. Maximum Tenure of Independent Directors
i) An independent director shall hold office for a term up to five
consecutive years on the Board of the Company and shall be eligible for re-appointment for
another term of up to five consecutive years on passing of a special resolution by the
Company.
Provided that a person who has already served as an independent
director for five years or more in the Company as on 1st October, 2014 shall be eligible
for appointment, on completion of his present term, for one more term of up to five years
only.
Every independent director shall at the first meeting of the Board in
which he participates as a director and thereafter at the first meeting of the Board in
every financial year or whenever there is any change in the circumstances which may affect
his status as an independent director, give a declaration that he meets the criteria of
independence mentioned in (5) (A) below.
ii) An independent director who completes his above mentioned term
shall be eligible for appointment as independent director in the Company only after the
expiration of three years of ceasing to be an independent director in the Company.
B. Term of Other Directors
Not less than two-thirds of the total number of directors of the
Company shall be persons whose period of office is liable to determination by retirement
of directors by rotation and be appointed by the Company in general meeting.
For the purpose of determining directors liable to retire by rotation,
"total number of directors" shall not include independent directors on the Board
of the Company.
2. Appointment of Key Managerial Personnel and Persons in Senior
Management
The Committee shall appoint Key Managerial Personnel and persons in
Senior Management and shall approve the terms and conditions of their appointment
including their remuneration. The Committee shall strive to appoint a person best suited
for the job in terms of talent, qualification and experience required for the position.
Senior Management shall mean personnel of the Company who are members
of its core management team excluding Board of Directors comprising all members of
management one level below the Board of Directors and includes functional heads.
3. Criteria for Determining Qualifications of Directors
For a person to qualify as a director he shall possess appropriate
skills, experience and knowledge in one or more fields of finance, law, human resource,
management, sales, marketing, administration, research, corporate governance, technical
operations or other disciplines related to the Company's business.
4. Positive Attributes
a) Integrity
A director, Key Managerial Personnel and a person in Senior Management
shall be a person of integrity and shall uphold highest standards of probity.
b) Commitment
A director, Key Managerial Personnel and a person in Senior Management
shall devote sufficient time and attention to his professional obligations for informed
and balanced decision making.
c) Compatibility
A director should be able to develop a good working relationship with
other Board members and contribute to the Board's working relationship with the senior
management of the Company.
5. Criteria for Determining Independence of Directors
An independent director shall be a director other than a managing
director or a whole-time director or a nominee director,
(a) who is a person of integrity and possesses relevant expertise and
experience;
(b) (i) who is or was not a promoter of the Company or its holding,
subsidiary or associate company;
(ii) who is not related to promoters or directors in the Company, its
holding, subsidiary or associate company;
(c) who has or had no pecuniary relationship with the Company, its
holding, subsidiary or associate company, or their promoters, or directors, during the two
immediately preceding financial years or during the current financial year;
(d) none of whose relatives has or had pecuniary relationship or
transaction with the Company, its holding, subsidiary or associate company, or their
promoters, or directors, amounting to two percent or more of its gross turnover or total
income or fifty lakh rupees or such higher amount as may be prescribed, whichever is
lower, during the two immediately preceding financial years or during the current
financial year;
(e) who, neither himself nor any of his relatives
(i) holds or has held the position of a key managerial personnel or is
or has been employee of the Company or its holding, subsidiary or associate company in any
of the three financial years immediately preceding the financial year in which he is
proposed to be appointed;
(ii) is or has been an employee or proprietor or a partner, in any of
the three financial years immediately preceding the financial year in which he is proposed
to be appointed, of
(A) a firm of auditors or company secretaries in practice or cost
auditors of the Company or its holding, subsidiary or associate company; or
(B) any legal or a consulting firm that has or had any transaction with
the Company, its holding, subsidiary or associate company amounting to ten per cent, or
more of the gross turnover of such firm;
(iii) holds together with his relatives two per cent or more of the
total voting power of the Company; or
(iv) is a Chief Executive or director, by whatever name called, of any
non-profit organisation that receives twenty-five per cent or more of its receipts from
the Company, any of its promoters, directors or its holding, subsidiary or associate
company or that holds two per cent or more of the total voting power of the Company; or
(f) who possesses the qualifications prescribed in (1) above.
6. Evaluation of Performance of Independent Directors
Every independent director shall self-evaluate his performance and
shall submit a report on his self-evaluation to the Chairman of the Company. The Chairman
shall review the performance of the independent director and provide feedback as
appropriate.
Remuneration Policy
1. Objective
The Nomination and Remuneration Committee of the Board of Directors
("the Committee") of Accelya Solutions India Limited (the "Company" or
"ASIL") has adopted the following policy and procedures with regard to
remuneration to the directors, key managerial personnel and other employees of the
Company. The Committee may review and amend this policy from time to time.
In determining the remuneration & compensation, the Company shall
take into consideration individual performance of the employee and company performance
determined through the process of annual appraisals.
The remuneration and compensation policy of the Company aims to
attract, retain and motivate employees.
The remuneration to the managing director, key managerial personnel and
senior management involves a balance between fixed and variable pay reflecting short and
long-term performance objectives appropriate to the working of the company and its goals.
This policy is intended to ensure that all necessary approvals are
obtained and all reporting requirements are duly complied with in respect of remuneration
of directors and key managerial personnel of the Company.
2. Effective Date
This Policy is effective from 1st April 2014.
3. Remuneration
A. Independent Directors and Non-Executive Non-Independent Directors
a) Commission
Independent directors and non-executive non-independent directors of
the Company may be paid such remuneration as the Board of Directors may decide from time
to time, subject to the approval of the shareholders of the Company. The independent
directors and non-executive non-independent directors may be paid remuneration by way of
commission subject to the ceiling of 1% of the net profits of the Company as
computed under the applicable provisions of the Companies Act, 2013 ("the Act").
The percentages aforesaid shall be exclusive of any sitting fees
payable to independent directors and non-executive non-independent director for attending
meetings of the Board of Directors or of any committee thereof and re-imbursement of out
of pocket expenses incurred by the independent directors.
b) Re-imbursement of out of pocket expenses
The Company may reimburse out-of-pocket expenses incurred by the
independent directors and non executive non-independent directors for attending the
meetings.
c) Sifting Fees
The Board of Directors of the Company may decide from time to time,
sitting fees payable to independent directors and non-executive non-independent directors
for attending meetings of the Board or committees thereof.
The sitting fees shall not exceed rupees one hundred thousand (^
100,000) per independent director and non-executive non-independent director per meeting
of the Board or committee thereof.
The independent directors and non-executive non-independent directors
shall not participate in the meeting on any discussion relating to the remuneration
payable to them.
The performance evaluation of independent directors shall be done by
the entire Board of Directors, excluding the director being evaluated.
B. Remuneration to Managing Director
The Managing Director shall be paid remuneration in accordance with
industry standards.
Based on the industry standards, the Managing Director of the Company
may be paid such remuneration as the Board of Directors may decide, from time to time, on
the recommendation of the Nomination & Compensation Committee, subject to the approval
of the shareholders of the Company.
The Managing Director may be paid remuneration which shall not exceed
five per cent of the net profits of the Company.
Provided that if, in any financial year, the Company has no profits or
its profits are inadequate, the Company may pay to its Managing Director, by way of
remuneration any sum in accordance with the provisions of Schedule V to the Act and if it
is not able to comply with such provisions, it may pay remuneration to the Managing
Director after obtaining previous approval of the Central Government.
C. Remuneration to Key Managerial Personnel and Senior Management
Remuneration and compensation to key managerial personnel and persons
in senior management shall be competitive and in accordance with industry benchmarks.
The remuneration and compensation shall involve a balance between fixed
and incentive pay reflecting short and long-term performance objectives appropriate to the
working of the Company and its goals.
D. Remuneration to other employees
In determining the remuneration and compensation to employees other
than those mentioned above, the Company shall take into consideration individual
performance of the employee and company performance determined through the process of
annual appraisals.
4. Disclosures
This policy shall be disclosed in the Board's report. In addition to
the above, the following shall be disclosed in the Board's report:
i) The ratio of remuneration of each director to the median employee's
remuneration.
ii) The percentage increase in remuneration of each director, Chief
Financial Officer, Chief Executive Officer, Company Secretary, in the financial year;
Hi) The percentage increase in the median remuneration of employees in
the financial year;
iv) The number of permanent employees on the rolls of the Company;
v) Average percentile increase already made in the salaries of
employees other than the managerial personnel in the last financial year and its
comparison with the percentile increase in the managerial remuneration and justification
thereof and point out if there are any exceptional circumstances for increase in the
managerial remuneration;
vi) Affirmation that the remuneration is as per the remuneration policy
of the Company.
In the event of any clause in the "Policy on Appointment of
Directors, Key Managerial Personnel, Senior Management & Other Employees and
Remuneration Policy" undergoes a change as a result of any statutory amendment to any
law referred therein, such clause shall automatically stand amended without referring to
the Board.
Annexure 'D'
Annual Report on Corporate Social Responsibility (CSR) activities for
the Financial Year 2022-23 [Pursuant to Companies (Corporate Social Responsibility Policy)
Rules, 2014]
Brief Outline of CSR Policy
Accelya Solutions India Limited has been a socially responsible company
since inception and has been contributing actively for CSR activities to benefit the
socially & economically disadvantaged communities.
The objectives of the CSR policy are to -
Clarify and establish the CSR vision, focus areas and strategy
of the Company.
Establish the governance mechanism and process-how the CSR
budget and activities shall be approved, monitored and reported to the Board of Directors
and other stakeholders.
For the Company, corporate social responsibility firstly means
responsible business practices through the involvement of all stakeholders in the decision
making process and in operations. It entails having business policies that are ethical,
equitable, environmentally conscious, gender sensitive and sensitive towards the
differently abled.
Apart from responsible business practices, the Company believes that it
must contribute to uplift sections of society that are disadvantaged. Creating a better
society is the job of everyone and in some way every individual, every organisation must
contribute towards a better community and country.
Over the years, the Company has engaged with Catalysts for Social
Action (CSA), an NGO registered under the Charities Act, for rehabilitation of orphaned
children, promoting preventive healthcare & sanitation, making available safe drinking
water ensuring environmental sustainability and ecological balance. CSA works for the
holistic rehabilitation of the orphaned child. The Company has also engaged with Sri
Sathya Sai Health & Education Trust, a not-for-profit organisation dedicated to
provide children with congenital heart diseases with free of cost treatment at its chain
of hospitals, restoring dignity to a child's life and gifting them a healthy childhood.
2. Composition of the CSR Committee
Sr. No. Name of Director |
Designation |
Number of meetings of CSR
Committee held during the year |
Number of meetings of CSR
Committee attended during the year |
1 Nani Javeri* |
Independent Director |
4 (Four) |
3 |
2 Meena Jagtiani# |
Independent Director |
- |
3 Sangeeta Singh |
Independent Director |
3 |
4 James Davidson |
Non-Executive Chairman |
|
1 |
* Retired with effect from 7th July, 2023.
# Appointed with effect from 27th June, 2023.
3. Provide the web-link where Composition of CSR committee, CSR Policy
and CSR projects approved by the board are disclosed on the website of the company.
https://w3.accelva.com/wp-content/uploads/2021/07/Corporate-Social-Responsibilitv-Policv.pdf
https://w3.accelva.com/investors/
4. Provide the details of Impact assessment of CSR projects carried out
in pursuance of sub-rule (3) of rule 8 of the Companies (Corporate Social responsibility
Policy) Rules, 2014, if applicable (attach the report): Not Applicable
5. Details of the amount available for set off in pursuance of sub-rule
(3) of rule 7 of the Companies (Corporate Social responsibility Policy) Rules, 2014 and
amount required for set off for the financial year, if any: Not Applicable
6. Average net profit of the company as per section 135(5): ^ 8,956.97
lakhs.
7. (a) Two percent of average net profit of the company as per section
135(5): ^ 179.14 lakhs
(b) Surplus arising out of the CSR projects or programmes or activities
of the previous financial years: Not
Applicable
(c) Amount required to be set off for the financial year, if any: Not
Applicable
(d) Total CSR obligation for the financial year (7a+7b-7c): ^ 179.14
lakhs
8. (a) CSR amount spent or un spent for the financial year:
Total Amount Spent for the
Financial Year |
Amount Unspent |
|
Total Amount
transferred to Unspent CSR Account as per section 135(6) |
Amount
transferred to any fund specified under Schedule VII as per second provison to section
135(5). |
|
Amount |
Date of Transfer |
Name of the Fund |
Amount |
Date of Transfer |
1,79,14,000 |
- |
- |
Not Applicable |
(b) Details of CSR amount spent against ongoing projects for the
financial year:
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
SI.
No |
Name of the
Project |
Item
from the
list of activities in
Schedule VII to the Act |
Local
Area
(Yes
/NO) |
Location of the
Project |
Project
Duration |
Amount
allocated
for the
project |
Amount spent in the current
financial year |
Amount transferred to
unspent CSR
Account for the
project as per Section 135(6)
(in Rs.) |
Mode of
implementation Direct (Yes/ NO) |
Mode of
implementation - Through implementing agency |
|
|
|
|
State |
District |
|
|
|
|
|
Name |
Registration
No. |
1 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
(c) Details of CSR amount spent against other than ongoing projects for
the financial year
SI No. Name of the
Project |
Item from the list of
activities in schedule VII to the Act |
Local
Area
(Yes/
No) |
Location of the
Project |
Amount spent for
the project |
Mode of Implementation -
Direct (Yes /No) |
Mode of
Implementation -Through Implementing Agency |
|
|
|
State |
District |
|
|
Name |
Registration
no. |
1 Project SAMBHAV |
Promoting education, including
special education and employment enhancing vocation skills especially among children,
women, elderly and the differentiated and livelihood enhancement projects. |
Yes |
Maharashtra
Goa
Madhya
Pradesh
Odisha |
Mumbai,
Thane,
Raigad,
Palghar,
Pune,
Baramati,
Ahmednagar,
Aurangabad,
Nashik,
South Goa and North Goa Indore, Hosangabad, Kandhamal, Kalahandi |
1,52,26,900 |
No |
Catalysts for Social Action |
CSR00002803 |
2 Sri Sathya Sai Medical &
Education Trust |
Providing free of cost
treatment at its chain of hospitals to children havingcongenital heart diseases |
Yes |
Maharashtra |
Mumbai |
26,87,100 |
No |
Sri Sathya Sai Medical &
Education Trust |
CSR00001048 |
Total |
|
|
|
|
1,79,14,000 |
|
|
|
(d) Amount spent in Administrative Overheads -NIL
(e) Amount spent on impact Assessment if applicable -NIL
(f) Total amount spent for the Financial Year (8b+8c+8d+8e) - Rs.
179.14 Lakhs
(g) Excess amount for set of if any: NIL
9. (a) Details of Unspent CSR amount for the preceding three financial
years:
SI.
No. |
Preceding Financial Year |
Amount transferred to
Unspent CSR Account under section 135 (6) (Rs. in Lakhs) |
Amount spent in the
reporting Financial Year (Rs. in Lakhs) |
Amount
transferred to any fund specified under Schedule VII as per section 135(6), if any. |
Amount remaining to be
spent in succeeding financial (Rs. in Lakhs) |
|
|
|
|
Name of the Fund |
Amount (Rs. in Lakhs) |
Date of transfer |
|
1 |
2021-22 |
- |
213.00 |
- |
- |
- |
- |
2 |
2020-21 |
13.15 |
264.06 |
- |
- |
- |
- |
3 |
2019-20 |
- |
290.74 |
- |
- |
- |
- |
(b) Details of CSR amount spent in the financial year for ongoing
projects of the preceding financial year(s): NIL
10. In case of creation or acquisition of capital asset, furnish the
details relating to the asset so created or acquired through CSR spent in the financial
year: NIL
11. Specify the reason(s), if the company has failed to spend two per
cent of the average net profit as per section 135(5): Not Applicable
For and on behalf of the Board of Directors
Gurudas Shenoy Managing
Director
(DIN: 03573375) |
James Davidson Chairman of
the Board
(DIN: 08396893) |
Place: Mumbai Date: 27 July,
2023 |
Mumbai 27 July, 2023 |
Annexure 'E'
SECRETARIAL AUDIT REPORT
[Pursuant to section 204(1) of the Companies Act, 2013 and rule No.9 of
the Companies (Appointment and Remuneration Personnel) Rules, 2014 and Regulation 24A of
the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015]
FOR THE FINANCIAL YEAR ENDED JUNE 30, 2023
To,
The Members,
ACCELYA SOLUTIONS INDIA LIMITED
5th & 6th Floor, Building No. 4, Raheja Woods,
River Side 25A, West Avenue, Kalyani Nagar, Pune - 411006
We have conducted the Secretarial Audit of the compliance of applicable
statutory provisions and the adherence to good corporate practices by ACCELYA SOLUTIONS
INDIA LIMITED (hereinafter called "the Company"). Secretarial Audit was
conducted in a manner that provided us a reasonable basis for evaluating the corporate
conducts/Statutory compliances and expressing our opinion thereon.
Based on our verification of the books, papers, minute books, forms and
returns filed and other records maintained by "the Company" and submitted by the
Company for verification through electronic mode and also the information provided by
"the Company", its officers, agents authorized representatives during the
conduct of Secretarial Audit, the explanations and clarifications given to us, We hereby
report that in our opinion, the Company, during the audit period covering the financial
year ended June 30,2023 complied with the Statutory provisions listed hereunder and also
that the Company has proper Board-processes and compliance-mechanism in place to the
extent, in the manner and subject to the reporting made hereinafter:
We have examined the books, papers, minute books, forms and returns
filed and other records maintained by Company for the financial year ended June 30, 2023
according to the provisions of:
i) The Companies Act, 2013 (the Act) and the rules made there under;
ii) The Securities Contracts (Regulation) Act, 1956 and the rules made
there under;
iii) The Depositories Act, 1996 and the regulations and bye-laws framed
there under;
iv) Foreign Exchange Management Act, 1999 and the rules and regulations
made there under to the extent of foreign direct investment, overseas direct investment
and External Commercial Borrowings;
v) The following regulations and guidelines prescribed under the
Securities and Exchange Board of India Act, 1992 (SEBI Act):
(a) The Securities and Exchange Board of India (Substantial Acquisition
of Shares and Takeovers) Regulations, 2011;
(b) The Securities and Exchange Board of India (Prohibition of Insider
Trading) Regulations, 2015;
(c) The Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015;
(d) The Securities and Exchange Board of India (Employee Benefits and
Sweat Equity) Regulations, 2021 (Not Applicable as the Company has not issued any Share
based Employee Benefits during the financial year under review);
(e) Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) Regulations, 2018; (Not Applicable as the Company has not issued
any further share capital during the year)
(f) The Securities and Exchange Board of India (Issue and Listing of
Non-Convertible Securities) Regulations, 2021; (Not applicable to the Company during the
audit period)
(g) The Securities and Exchange Board of India (Registrars to an Issue
and Share Transfer Agents) Regulations, 1993 regarding the Companies Act and dealing with
Client;
(h) The Securities and Exchange Board of India (Delisting of Equity
Shares) Regulations, 2021 (Not applicable as the Company has not delisted /propose to
delist any of its securities during the financial year under review.); and
(i) The Securities and Exchange Board of India (Buyback of Securities)
Regulations, 2018 (Not applicable as the Company has not bought back /propose to buy back
any of its securities during the financial year under review).
vi) The Company has identified the following laws as specifically
applicable to the Company:
1) Information Technology Act, 2000.
We have also examined compliance with the applicable clauses of the
following:
(i) Secretarial Standards issued by The Institute of Company
Secretaries of India with respect to Board and General Meetings.
(ii) The Listing Agreements entered into by the Company with BSE
Limited and National Stock Exchange of India Limited read with the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
During the period under review the Company has complied with the
provisions of the Act, Rules, Regulations,
Guidelines, Standards, etc mentioned above:.
We further report that: -
The Board of Directors of the Company was duly constituted with proper
balance of Executive Directors, Non-Executive Directors and Independent Directors. The
changes in the composition of the Board of Directors that took place during the period
under review were carried out in compliance with the provisions of the Act.
Adequate notice was given to all directors to schedule the Board
Meetings, agenda and detailed notes on agenda were sent at least seven days in advance for
meetings other than those held at shorter notice, and a system exists for seeking and
obtaining further information and clarifications on the agenda items before the meeting
and for meaningful participation at the meeting.
The decisions at Board meetings and committee meetings are carried out
unanimously or as recorded in the minutes of the meeting of Board of Directors or
committee of the Board, as the case may be.
We further report that there are adequate systems and processes in
the Company commensurate with the size and operations of the Company to monitor and ensure
compliance with applicable laws, rules, regulations and guidelines.
We further report that during the audit period, there were no
instances of:
(i) Public / Rights / Preferential issue of shares /debentures / sweat
equity.
(ii) Redemption / buy-back of securities.
(iii) Major decisions taken by the Members in pursuance to Section 180
of the Companies Act, 2013.
(iv) Foreign Technical collaborations.
We further report that during the audit period the Company has not
undertaken events/ actions having a major bearing on the Company's affairs in pursuance of
the above referred laws, rules, regulations, guidelines, standards, etc.
For Nilesh A. Pradhan & Co.,LLP Company Secretaries
Nilesh A.Pradhan Partner FCS No: 5445 CP No:3659 PR No.:1908/2022
UDIN:F005445E000672529
Place: Mumbai Date: July 27, 2023
Note: This report should be read with our letter which is annexed as
Annexure I and forms integral part of this report.
Annexure A to the Secretarial Audit Report
To,
The Members,
ACCELYA SOLUTIONS INDIA LIMITED
5th & 6th Floor, Building No. 4, Raheja Woods,
River Side 25A, West Avenue, Kalyani Nagar,
Pune 411 006.
Our report of even date is to be read along with this letter
1. Maintenance of Secretarial record is the responsibility of the
management of the Company. Our responsibility is to express an opinion on these
secretarial records based on our audit.
2. We have followed the audit practices and processes as were
appropriate to obtain reasonable assurance about the correctness of the contents of the
Secretarial records. The verification was done on test basis to ensure that correct facts
are reflected in secretarial records. We believe that the processes and practices that we
followed provide a reasonable basis for our opinion.
3. We have not verified the correctness and appropriateness of
financial records and Books of Accounts and internal Control System of the company.
4. Where ever required, more specifically with respect to the all other
applicable laws, except as stated in Secretarial Audit Report we have obtained and relied
upon the Management representation about the compliance of laws, rules and regulations and
happening of events etc.
5. The compliance of the provisions of Corporate and other applicable
laws, rules, regulations, standards is the responsibility of management. Our examination
was limited to the verification of procedures on test basis.
6. The Secretarial Audit report is neither an assurance as to the
future viability of the company nor of the efficacy or effectiveness with which the
management has conducted the affairs of the company.
For Nilesh A. Pradhan & Co.,LLP Company Secretaries
Nilesh A.Pradhan Partner FCS No: 5445 CP No:3659
Annexure 'F'
FORM NO. MGT9 EXTRACT OF ANNUAL RETURN For financial year ended 30
June, 2023
Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of
the Company (Management & Administration) Rules, 2014
I. REGISTRATION & OTHER DETAILS
1. CIN |
L74140PN1986PLC041033 |
2. Registration Date |
25 September, 1986 |
3. Name of the Company |
Accelya Solutions India Limited |
4. Category/Sub-category of the
Company |
Public Company / Subsidiary of
Foreign Company limited by shares |
5. Address of the Registered
office & contact details |
5th & 6th Floor, Building
No. 4,
Raheja Woods, River Side 25A, West Avenue, Kalyani Nagar, Pune 411006
Tel: 020-66083777
E-mail: accelyaindia.investors@accelya.com Website : w3.accelya.com |
6. Whether listed company |
Yes |
7. Name, Address & contact
details of the Registrar & Transfer Agent, if any. |
M/s. KFin Technologies
Limited,
Unit: Accelya Solutions India Limited,
Selenium Tower B, Plot 31-32, Gachibowli Financial District,
Nanakramguda Hyderabad - 500 032
Phone:+91-40-67162222
Fax:+91-40-23001153
Toll Free no.: 1800-345-4001
E-mail: einward.ris@kfintech.com
Website : www.kfintech.com |
II. Principal Business Activities of the Company (All the business
activities contributing 10% or more of the total turnover of the company shall be stated)
Name and Description of main
products / services |
NIC Code of the Product/
service |
% to total turnover of
the company |
Computer programming,
consultancy and related activities |
620 |
100 |
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES
Sr. No. Name and address of
the Company |
CIN/GLN |
Holding / Subsidiary /
Associate |
% of Shares Held |
Applicable
Section |
1 Accelya Holding World S.L.
Avenida Diagonal, 613, 9? A y B 08028 Barcelona, Spain |
Not Applicable |
Holding |
74.66 |
2(46) |
2 Accelya Solutions Americas Inc.
1405 Plymouth Road, North Brunswick, NJ 08902, USA |
Not Applicable |
Subsidiary |
100 |
2(87) |
3 Accelya Solutions UK Limited
Acre House, 11/15 William Road, London, NW13ER |
Not Applicable |
Subsidiary |
100 |
2(87) |
IV. SHARE HOLDING PATTERN (Equity Share Capital Break-up as percentage
of Total Equity)
Sr. No. Category of
Shareholders |
No. of
Shareholders |
No. of Equity Shares |
Nominal Value of Equity
Shares |
Percentage
Holding |
1 Promoters &
Promoters Group |
1 |
1,11,43,295 |
11,14,32,950 |
74.6556 |
2 Institutions |
|
|
|
|
Mutual Funds |
1 |
7,783 |
77,830 |
0.0521 |
Financial Institutions / Banks |
4 |
687 |
6,870 |
0.0046 |
Foreign Portfolio Investors
(Corporate) |
11 |
31,141 |
3,11,410 |
0.2086 |
Qualified Institutional Buyer |
1 |
44,787 |
4,47,870 |
0.3001 |
Alternate Investment Funds |
0 |
0 |
0 |
0 |
Insurance Companies |
0 |
0 |
0 |
0 |
Central Government |
0 |
0 |
0 |
0 |
State Government |
0 |
0 |
0 |
0 |
3 Non-Institutions |
|
|
|
|
Bodies Corporate |
229 |
11,57,010 |
1,15,70,100 |
7.7515 |
Foreign Nationals |
4 |
9,041 |
90,410 |
0.0606 |
Resident Individuals |
26,063 |
22,04,957 |
2,20,49,570 |
14.7741 |
HUF |
600 |
75,288 |
7,52,880 |
0.5044 |
Non-Resident Indians |
805 |
1,84,939 |
18,49,390 |
0.7794 |
Key Managerial Personnel |
3 |
268 |
2,680 |
0.0018 |
Trusts |
1 |
500 |
5,000 |
0.0033 |
Clearing Members |
3 |
160 |
1,600 |
0.0011 |
IEPF |
1 |
66,405 |
6,64,050 |
0.4449 |
NBFC |
0 |
0 |
0 |
0 |
Total |
27,727 |
1,49,26,261 |
14,92,62,610 |
100.0000 |
A) Shareholding of Promoter
Sr. No. Shareholder's
Name |
Shareholding
at the beginning of the year |
Shareholding
at the end of the year |
%
change in shareholding during the year |
|
No. of Shares |
% of total Shares of the
company |
% of Shares Pledged /
encumbered to total shares |
No. of Shares |
% of total Shares of the
company |
% of Shares Pledged /
encumbered to total shares |
1 Accelya Holding World
S.L. |
1,11,43,295 |
74.66 |
- |
1,11,43,295 |
74.66 |
- |
- |
2 Accelya Group Bidco
Limited |
- |
- |
- |
- |
- |
- |
- |
B) Change in Promoters' Shareholding (please specify, if there is no
change)
Sr. No. Name
of the Shareholder |
Particulars |
Shareholding
at the beginning of the year |
Cumulative
Shareholding during the year |
|
|
No. of shares |
% of total shares of the
company |
No. of shares |
% of total shares of the
company |
1. Accelya Holding
WorldS.L. |
At the beginning of the year |
1,11,43,295 |
74.6556 |
1,11,43,295 |
74.6556 |
|
Date wise Increase / Decrease
in Promoters Shareholding during the year specifying the reasons for increase / decrease
(e.g. allotment /transfer / bonus/ sweat equity etc.): |
|
|
|
|
|
At the end of the year |
1,11,43,295 |
74.6556 |
1,11,43,295 |
74.6556 |
C) Shareholding Pattern of top ten shareholders (Other than Directors
and Promoters)
Sr. No. Name
of the Shareholder |
Shareholding
at the beginning of the Year |
Date |
Increase /
(Decrease) in shareholding |
Reason |
Cumulative
Shareholding during the Year |
|
No. of Shares |
% of total shares of the
Company |
No. of Shares |
% oftotal shares of the
Company |
1 Plutus Wealth Management LLP |
7,00,000 |
4.69 |
30/06/2022 |
|
Opening
Balance |
7,00,000 |
4.69 |
|
|
|
02/09/2022 |
50,000 |
Purchase |
7,50,000 |
5.02 |
|
|
|
04/11/2022 |
50,000 |
Purchase |
8,00,000 |
5.36 |
|
|
|
02/12/2022 |
68,496 |
Purchase |
8,68,496 |
5.82 |
|
|
|
09/12/2022 |
1,00,000 |
Purchase |
9,68,496 |
6.49 |
|
|
|
09/12/2022 |
-93,496 |
Sale |
8,75,000 |
5.86 |
|
|
|
30/12/2022 |
11,000 |
Purchase |
8,86,000 |
5.94 |
|
|
|
30/12/2022 |
-11,000 |
Sale |
8,75,000 |
5.86 |
|
|
|
27/01/2023 |
25,000 |
Purchase |
9,00,000 |
6.03 |
|
|
|
24/03/2023 |
50,000 |
Purchase |
9,50,000 |
6.36 |
|
|
|
31/03/2023 |
8,643 |
Purchase |
9,58,643 |
6.42 |
|
|
|
07/04/2023 |
3,605 |
Purchase |
9,62,248 |
6.45 |
|
|
|
14/04/2023 |
23,369 |
Purchase |
9,85,617 |
6.60 |
|
|
|
21/04/2023 |
14,383 |
Purchase |
10,00,000 |
6.70 |
|
|
|
12/05/2023 |
58,643 |
Purchase |
10,58,643 |
7.09 |
|
|
|
12/05/2023 |
-58,643 |
Sale |
10,00,000 |
6.70 |
|
|
|
19/05/2023 |
2,34,571 |
Purchase |
12,34,571 |
8.27 |
|
|
|
19/05/2023 |
-2,34,571 |
Sale |
10,00,000 |
6.70 |
|
|
|
26/05/2023 |
27,000 |
Purchase |
10,27,000 |
6.88 |
|
|
|
26/05/2023 |
-1,77,000 |
Sale |
8,50,000 |
5.69 |
|
|
|
02/06/2023 |
2,00,000 |
Purchase |
10,50,000 |
7.03 |
|
|
|
02/06/2023 |
-50,000 |
Sale |
10,00,000 |
6.70 |
|
|
|
09/06/2023 |
27,000 |
Purchase |
10,27,000 |
6.88 |
|
|
|
09/06/2023 |
-27,000 |
Sale |
10,00,000 |
6.70 |
|
|
|
23/06/2023 |
77,000 |
Purchase |
10,77,000 |
7.22 |
|
|
|
23/06/2023 |
-77,000 |
Sale |
10,00,000 |
6.70 |
|
|
|
30/06/2023 |
|
Closing
Balance |
10,00,000 |
6.70 |
2 Invesco India Small cap Fund |
1,23,084 |
0.82 |
30/06/2022 |
|
Opening
Balance |
1,23,084 |
0.82 |
|
|
|
09/12/2022 |
-4,063 |
Sale |
1,19,021 |
0.80 |
|
|
|
16/12/2022 |
-2,966 |
Sale |
1,16,055 |
0.78 |
|
|
|
20/01/2023 |
-26,023 |
Sale |
90,032 |
0.60 |
|
|
|
27/01/2023 |
-15,449 |
Sale |
74,583 |
0.50 |
|
|
|
17/02/2023 |
-933 |
Sale |
73,650 |
0.49 |
|
|
|
24/03/2023 |
-9,002 |
Sale |
64,648 |
0.43 |
|
|
|
07/04/2023 |
-490 |
Sale |
64,158 |
0.43 |
|
|
|
12/05/2023 |
-475 |
Sale |
63,683 |
0.43 |
|
|
|
19/05/2023 |
-7,008 |
Sale |
56,675 |
0.38 |
|
|
|
26/05/2023 |
-6,603 |
Sale |
50,072 |
0.34 |
|
|
|
02/06/2023 |
-2,406 |
Sale |
47,666 |
0.32 |
|
|
|
09/06/2023 |
-1,620 |
Sale |
46,046 |
0.31 |
|
|
|
16/06/2023 |
-16,409 |
Sale |
29,637 |
0.20 |
|
|
|
23/06/2023 |
-18,820 |
Sale |
10,817 |
0.07 |
|
|
|
30/06/2023 |
-3,034 |
Sale |
7,783 |
0.05 |
|
|
|
30/06/2023 |
|
Closing
Balance |
7,783 |
0.05 |
3 Rohini Nilekani |
1,00,000 |
0.67 |
30/06/2022 |
|
Opening
Balance |
1,00,000 |
0.67 |
|
|
|
02/12/2022 |
-15,000 |
Sale |
85,000 |
0.57 |
|
|
|
30/06/2023 |
|
Closing
Balance |
85,000 |
0.57 |
4 Investor Education and
Protection Fund Authority Ministry of Corporate Affairs |
64,784 |
0.43 |
30/06/2022 |
|
Opening
Balance |
64,784 |
0.43 |
|
|
|
08/07/2022 |
-150 |
Sale |
64,634 |
0.43 |
|
|
|
09/12/2022 |
810 |
Purchase |
65,444 |
0.44 |
|
|
|
16/12/2022 |
1 |
Purchase |
65,445 |
0.44 |
|
|
|
05/05/2023 |
960 |
Purchase |
66,405 |
0.44 |
|
|
|
30/06/2023 |
|
Closing
Balance |
66,405 |
0.44 |
5 PNB Metlife India Insurance
Company Limited |
43,098 |
0.29 |
30/06/2022 |
|
Opening
Balance |
43,098 |
0.29 |
|
|
|
15/07/2022 |
-94 |
Sale |
43,004 |
0.29 |
|
|
|
29/07/2022 |
-813 |
Sale |
42,191 |
0.28 |
|
|
|
20/01/2023 |
1,120 |
Purchase |
43,311 |
0.29 |
|
|
|
27/01/2023 |
2,277 |
Purchase |
45,588 |
0.31 |
|
|
|
24/02/2023 |
1,128 |
Purchase |
46,716 |
0.31 |
|
|
|
10/03/2023 |
-1,120 |
Sale |
45,596 |
0.31 |
|
|
|
24/03/2023 |
1,960 |
Purchase |
47,556 |
0.32 |
|
|
|
31/03/2023 |
65 |
Purchase |
47,621 |
0.32 |
|
|
|
21/04/2023 |
1,834 |
Purchase |
49,455 |
0.33 |
|
|
|
28/04/2023 |
-193 |
Sale |
49,262 |
0.33 |
|
|
|
12/05/2023 |
-3,127 |
Sale |
46,135 |
0.31 |
|
|
|
09/06/2023 |
-1,348 |
Sale |
44,787 |
0.30 |
|
|
|
30/06/2023 |
|
Closing
Balance |
44,787 |
0.30 |
6 Preeti Parag Shah |
40,628 |
0.27 |
30/06/2022 |
|
Opening
Balance |
40,628 |
0.27 |
|
|
|
01/07/2022 |
221 |
Purchase |
40,849 |
0.27 |
|
|
|
08/07/2022 |
229 |
Purchase |
41,078 |
0.28 |
|
|
|
15/07/2022 |
1 |
Purchase |
41,079 |
0.28 |
|
|
|
22/07/2022 |
460 |
Purchase |
41,539 |
0.28 |
|
|
|
29/07/2022 |
1,100 |
Purchase |
42,639 |
0.29 |
|
|
|
21/10/2022 |
-5,899 |
Sale |
36,740 |
0.25 |
|
|
|
28/10/2022 |
286 |
Purchase |
37,026 |
0.25 |
|
|
|
02/12/2022 |
-358 |
Sale |
36,668 |
0.25 |
|
|
|
23/12/2022 |
785 |
Purchase |
37,453 |
0.25 |
|
|
|
13/01/2023 |
100 |
Purchase |
37,553 |
0.25 |
|
|
|
27/01/2023 |
320 |
Purchase |
37,873 |
0.25 |
|
|
|
03/02/2023 |
894 |
Purchase |
38,767 |
0.26 |
|
|
|
17/02/2023 |
100 |
Purchase |
38,867 |
0.26 |
|
|
|
24/02/2023 |
1 |
Purchase |
38,868 |
0.26 |
|
|
|
17/03/2023 |
808 |
Purchase |
39,676 |
0.27 |
|
|
|
21/04/2023 |
-18,341 |
Sale |
21,335 |
0.14 |
|
|
|
28/04/2023 |
383 |
Purchase |
21,718 |
0.15 |
|
|
|
05/05/2023 |
-383 |
Sale |
21,335 |
0.14 |
|
|
|
12/05/2023 |
-6,190 |
Sale |
15,145 |
0.10 |
|
|
|
19/05/2023 |
-15,145 |
Sale |
0 |
0.00 |
|
|
|
30/06/2023 |
|
Closing
Balance |
0 |
0.00 |
7 Parag Anop Shah |
33,981 |
0.23 |
30/06/2022 |
|
Opening
Balance |
33,981 |
0.23 |
|
|
|
01/07/2022 |
260 |
Purchase |
34,241 |
0.23 |
|
|
|
08/07/2022 |
131 |
Purchase |
34,372 |
0.23 |
|
|
|
15/07/2022 |
1,705 |
Purchase |
36,077 |
0.24 |
|
|
|
22/07/2022 |
-460 |
Sale |
35,617 |
0.24 |
|
|
|
29/07/2022 |
-1,100 |
Sale |
34,517 |
0.23 |
|
|
|
21/10/2022 |
-83 |
Sale |
34,434 |
0.23 |
|
|
|
28/10/2022 |
-2,398 |
Sale |
32,036 |
0.21 |
|
|
|
18/11/2022 |
-20 |
Sale |
32,016 |
0.21 |
|
|
|
02/12/2022 |
160 |
Purchase |
32,176 |
0.22 |
|
|
|
23/12/2022 |
127 |
Purchase |
32,303 |
0.22 |
|
|
|
06/01/2023 |
60 |
Purchase |
32,363 |
0.22 |
|
|
|
13/01/2023 |
240 |
Purchase |
32,603 |
0.22 |
|
|
|
27/01/2023 |
35 |
Purchase |
32,638 |
0.22 |
|
|
|
03/02/2023 |
76 |
Purchase |
32,714 |
0.22 |
|
|
|
10/02/2023 |
2 |
Purchase |
32,716 |
0.22 |
|
|
|
17/02/2023 |
1,345 |
Purchase |
34,061 |
0.23 |
|
|
|
24/02/2023 |
275 |
Purchase |
34,336 |
0.23 |
|
|
|
03/03/2023 |
8 |
Purchase |
34,344 |
0.23 |
|
|
|
17/03/2023 |
751 |
Purchase |
35,095 |
0.24 |
|
|
|
21/04/2023 |
-7,897 |
Sale |
27,198 |
0.18 |
|
|
|
28/04/2023 |
-3,931 |
Sale |
23,267 |
0.16 |
|
|
|
05/05/2023 |
-146 |
Sale |
23,121 |
0.15 |
|
|
|
12/05/2023 |
-23,121 |
Sale |
0 |
0.00 |
|
|
|
30/06/2023 |
|
Closing
Balance |
0 |
0.00 |
8 VEC Indian Special Situations
Master Fund Ltd. |
28,153 |
0.19 |
30/06/2022 |
|
Opening
Balance |
28,153 |
0.19 |
|
|
|
11/11/2022 |
-8,553 |
Sale |
19,600 |
0.13 |
|
|
|
02/12/2022 |
-4,600 |
Sale |
15,000 |
0.10 |
|
|
|
09/12/2022 |
-1,500 |
Sale |
13,500 |
0.09 |
|
|
|
12/05/2023 |
-13,500 |
Sale |
0 |
0.00 |
|
|
|
30/06/2023 |
|
Closing
Balance |
0 |
0.00 |
9 Goldman Sachs (Singapore) PTE.
- ODI |
23,128 |
0.15 |
30/06/2022 |
|
Opening
Balance |
23,128 |
0.15 |
|
|
|
21/10/2022 |
-10,000 |
Sale |
13,128 |
0.09 |
|
|
|
28/10/2022 |
-8,398 |
Sale |
4,730 |
0.03 |
|
|
|
09/12/2022 |
-4,730 |
Sale |
0 |
0.00 |
|
|
|
30/06/2023 |
|
Closing
Balance |
0 |
0.00 |
10 VEC Discovery Fund |
23,088 |
0.15 |
30/06/2022 |
|
Opening
Balance |
23,088 |
0.15 |
|
|
|
02/12/2022 |
-10,088 |
Sale |
13,000 |
0.09 |
|
|
|
05/05/2023 |
-9,000 |
Sale |
4,000 |
0.03 |
|
|
|
12/05/2023 |
-2,900 |
Sale |
1,100 |
0.01 |
|
|
|
02/06/2023 |
-1,100 |
Sale |
0 |
0.00 |
|
|
|
30/06/2023 |
|
Closing
Balance |
0 |
0.00 |
11 Hemant Chaudhry |
17,274 |
0.12 |
30/06/2022 |
|
Opening
Balance |
17,274 |
0.12 |
|
|
|
28/10/2022 |
5 |
Purchase |
17,279 |
0.12 |
|
|
|
30/06/2023 |
|
Closing
Balance |
17,279 |
0.12 |
12 Mckinley Capital Measa Fund
OEIC Limited |
0 |
0.00 |
30/06/2022 |
|
Opening
Balance |
0 |
0.00 |
|
|
|
10/03/2023 |
5,275 |
Purchase |
5,275 |
0.04 |
|
|
|
17/03/2023 |
5,262 |
Purchase |
10,537 |
0.07 |
|
|
|
24/03/2023 |
5,503 |
Purchase |
16,040 |
0.11 |
|
|
|
30/06/2023 |
|
Closing
Balance |
16,040 |
0.11 |
13 Khushboo Munot |
15,125 |
0.10 |
30/06/2022 |
|
Opening
Balance |
15,125 |
0.10 |
|
|
|
30/06/2023 |
|
Closing
Balance |
15,125 |
0.10 |
14 Rangan Bhaumik |
15,083 |
0.10 |
30/06/2022 |
|
Opening
Balance |
15,083 |
0.10 |
|
|
|
30/06/2023 |
|
Closing
Balance |
15,083 |
0.10 |
15 Glaxo Finance Pvt Ltc |
13,300 |
0.09 |
30/06/2022 |
|
Opening
Balance |
13,300 |
0.09 |
|
|
|
30/06/2023 |
|
Closing
Balance |
13,300 |
0.09 |
16 Kabir Singh |
0 |
0.00 |
30/06/2022 |
|
Opening
Balance |
0 |
0.00 |
|
|
|
05/08/2022 |
592 |
Purchase |
592 |
0.00 |
|
|
|
12/08/2022 |
6,128 |
Purchase |
6,720 |
0.05 |
|
|
|
19/08/2022 |
2,445 |
Purchase |
9,165 |
0.06 |
|
|
|
26/08/2022 |
112 |
Purchase |
9,277 |
0.06 |
|
|
|
14/10/2022 |
563 |
Purchase |
9,840 |
0.07 |
|
|
|
28/10/2022 |
1,010 |
Purchase |
10,850 |
0.07 |
|
|
|
23/12/2022 |
381 |
Purchase |
11,231 |
0.08 |
|
|
|
30/12/2022 |
449 |
Purchase |
11,680 |
0.08 |
|
|
|
10/02/2023 |
313 |
Purchase |
11,993 |
0.08 |
|
|
|
17/02/2023 |
7 |
Purchase |
12,000 |
0.08 |
|
|
|
24/02/2023 |
1,098 |
Purchase |
13,098 |
0.09 |
|
|
|
17/03/2023 |
202 |
Purchase |
13,300 |
0.09 |
|
|
|
30/06/2023 |
|
Closing
Balance |
13,300 |
0.09 |
D) Shareholding of Directors and Key Managerial Personnel
Sr. No. Name
of Director |
Shareholding
at the beginning of the year |
Shares
purchased / (sold) during the year |
Shareholding
at the end of the year |
|
No. of shares |
% of total shares of the
company |
No. of shares |
% of total shares of the
company |
No. of shares |
% of total shares of the
company |
1 James Davidson |
- |
- |
- |
- |
- |
- |
2 Jose Maria Hurtado |
- |
- |
- |
- |
- |
- |
3 Nani Javeri* |
- |
- |
- |
- |
- |
- |
4 Sangeeta Singh |
- |
- |
- |
- |
- |
- |
5 Gurudas Shenoy |
265 |
0.0018 |
- |
- |
265 |
0.0018 |
6 Saurav Adhikari |
- |
- |
- |
- |
- |
- |
7 Meena Jaghani |
- |
- |
- |
- |
- |
- |
* Retired as an Independent Director effective 7th July 2023.
Sr. No. Name
of Key Managerial Personnel |
Shareholding
at the beginning of the year |
Shares
purchased / (sold) during the year |
Shareholding
at the end of the year |
|
No. of shares |
% of total shares of the
company |
No. of shares |
% of total shares of the
company |
No. of shares |
% of total shares of the
company |
1 Uttamkumar Bhati -
Chief Financial Officer |
2 |
0.00 |
- |
0.00 |
2 |
0.00 |
2 Ninad Umranikar-
Company Secretary |
1 |
0.00 |
- |
0.00 |
1 |
0.00 |
V) Indebtedness - Indebtedness of the Company including interest
outstanding / accrued but not due for payment
|
Secured Loans excluding
deposits |
Unsecured
Loans |
Deposits |
Total
Indebtedness |
Indebtedness at the
beginning of the financial year |
- |
- |
- |
- |
i) Principal Amount |
- |
- |
- |
- |
ii) Interest due but not paid |
- |
- |
- |
- |
iii) Interest accrued but not
due |
- |
- |
- |
- |
Total (i+ii+iii) |
- |
- |
- |
- |
Change in Indebtedness
during the financial year |
- |
- |
- |
- |
* Addition |
- |
- |
- |
- |
* Reduction |
- |
- |
- |
- |
Net Change |
- |
- |
- |
- |
Indebtedness at the end of
the financial year |
- |
- |
- |
- |
i) Principal Amount |
- |
- |
- |
- |
ii) Interest due but not paid |
- |
- |
- |
- |
iii) Interest accrued but not
due |
- |
- |
- |
- |
Total (i+ii+iii) |
- |
- |
- |
- |
VI. Remuneration of Directors and Key Managerial Personnel
A. Remuneration to Managing Director, Whole-time Directors and/or
Manager:
Sr. No. Particulars
of Remuneration |
Gurudas Shenoy |
Total Amount |
1 Gross salary |
|
|
(a) Salary as per provisions
contained in section 17(1) of the Income- tax Act, 1961 |
1,77,00,635 |
1,77,00,635 |
(b) Value of perquisites u/s
17(2) Income-tax Act, 1961 |
21,600 |
21,600 |
(c) Profits in lieu of salary
under section 17 (3) Income- tax Act, 1961 |
- |
- |
2 Stock Option |
- |
- |
3 Sweat Equity |
- |
- |
4 Commission |
- |
- |
-as %of profit |
- |
- |
- others, specify... |
- |
- |
5 Others, please specify |
- |
- |
Total |
1,77,22,235 |
1,77,22,235 |
B. Remuneration to other directors
Sr. No. Particulars
of Remuneration |
Name of Directors |
|
Total |
|
Nani
Javeri |
Sangeeta
Singh |
Saurav
Adhikari |
Meena
Jagtiani |
Jose Maria Hurtado |
James
Davidson |
|
|
Independent
Directors |
Non-Executive
Non-Independent
Directors |
|
1 Fee for attending Board and
committee meetings |
5,70,000 |
7,20,000 |
4,80,000 |
|
|
|
17,70,000 |
2 Commission |
2,00,000 |
2,00,000 |
- |
- |
- |
- |
4,00,000 |
3 Others, please specify |
- |
- |
- |
- |
- |
- |
- |
Total |
7,70,000 |
9,20,000 |
4,80,000 |
- |
- |
- |
21,70,000 |
C. Remuneration to Key Managerial Personnel Other Than Managing
Director / Manager / Whole-time Director (Amount in Rs.)
Sr. No.
Particulars of Remuneration |
Key Managerial
Personnel |
|
Ninad Umranikar (Company
Secretary) |
Utiamkumar Bhati (CFO) |
Total |
1 Gross salary |
|
|
|
r>
(a) Salary as per provisions
contained in section 17(1) of the Income-tax Act, 1961 |
54,27,641 |
1,00,50,171 |
15,477,812 |
(b) Value of perquisites u/s
17(2) Income- tax Act, 1961 |
- |
- |
- |
(c) Profits in lieu of salary
under section 17(3) Income-tax Act, 1961 |
- |
- |
- |
2 Stock Option |
- |
- |
- |
3 Sweat Equity |
- |
- |
- |
4 Commission |
- |
- |
- |
-as %of profit |
- |
- |
- |
Others, specify... |
- |
- |
- |
5 Others, please specify |
- |
- |
- |
Total |
54,27,641 |
1,00,50,171 |
15,477,812 |
VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:
There were no penalties / punishment / compounding of offences for
breach of any section of Companies Act against the Company or its Directors or other
officers in default, if any, during the year.
For and on behalfof the Board of Directors
Gurudas Shenoy Managing Director
(DIN: 03573375)
Place: Mumbai Date: 27 July, 2023
Saurav Adhikari Independent Director
(DIN: 08402010)
Mumbai 27 July, 2023
Annexure 'G'
BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT
SECTION A: GENERAL DISCLOSURES
I. Details of the listed entity
1 Corporate Identity Number
(CIN) of the Listed Entity |
L74140PN1986PLC041033 |
2 Name of the Listed Entity |
Accelya Solutions India
Limited |
3 Year of incorporation |
1986 |
4 Registered office address |
5th & 6th Floor, Building
No. 4,
Raheja Woods, River Side 25A, West Avenue, Kalyani Nagar, Pune 411 006 |
5 Corporate address |
801, Tower - A, Embassy 247
Park,
LBS Marg, Vikhroli (W), Mumbai - 400083 |
6 E-mail |
accelyaindia.investors@accelya.com |
7 Telephone |
+91-20-6608 3777 |
8 Website |
w3.accelya.com |
9 Financial year for which
reporting is being done |
1 July 2022 to 30 June 2023 |
10 Name of the Stock
Exchange(s) where shares are listed |
National Stock Exchange of
India Ltd ("NSE") and BSE Ltd. ("BSE") |
11 Paid-up Capital |
Our paid-up equity share
capital as on 30June, 2023 is ^ 14,92,62,610 comprising of 14,926,261 equity shares of the
face value of ^ 10 each. |
12 Name and contact details
(telephone, email address) of the person who may be contacted in case of any queries on
the BRSR report |
Mr. Ninad Umranikar Company
Secretary +91-20-6608 3777
Email: ninad.umranikar@accelya.com |
13 Reporting boundary - Are the
disclosures under this report made on a standalone basis (i.e., only for the entity) or on
a consolidated basis (i.e., for the entity and all the entities which form a part of its
consolidated financial statements, taken together) |
Standalone basis |
14 Details of business activities
(accounting for 90% of the turnover) |
Computer Programming,
Consultancy and related activities (100%) (NIC Code: 620) |
15 Products / Services sold by the entity
Sr. No. Product /
Service |
NIC Code |
% of Total Turnover of the
Company |
1 Business Process
Outsourcing (ITeS) |
620 |
56.16% |
2 Software Application
Hosting and Support |
620 |
27.54% |
3 Software License and
Maintenance |
620 |
16.30% |
16 Total number of locations where business activity is undertaken by
the Company:
Location |
No. of Plants |
No. of Offices |
Total |
International |
- |
Nil |
Nil |
National |
- |
3 |
3 |
17 Markets served by the Entity
a. Number of locations
Location |
Number |
National (No. of States) |
3 |
International (No. of
Countries) |
35 |
b. What is the contribution of exports as a percentage of the total
turnover of the entity Rs.
Our contribution towards exports stands at 88.72% of the total turnover
of our business.
c. A brief on types of customers
Our major customer base is the Airline industry and we have multiple
airlines on boarded with us as customers from across the globe.
Employees
18. Details as at the end of financial year
a. Employees and workers (including differently abled):
The Company does not have any workers, hence it is not applicable.
Employees
Sr. No. Particulars |
Total
(A) |
Male |
Female |
|
|
No. (B) |
% (B/A) |
No. (C) |
% ((C/A) |
1 Permanent |
1,310 |
763 |
58% |
547 |
42% |
2 Other Than Permanent |
72 |
60 |
83% |
12 |
17% |
Total Employees |
1,382 |
823 |
60% |
559 |
40% |
Differently-abled Employees
Sr. No. Particulars |
Total
(A) |
Male |
Female |
|
|
No. (B) |
% (B/A) |
No. (C) |
% ((C/A) |
1 Permanent |
4 |
4 |
100% |
- |
- |
2 Other Than Permanent |
- |
- |
- |
- |
- |
Total Differently-abled
Employees |
4 |
4 |
100% |
- |
- |
19. Participation / Inclusion / Representation of women
Particulars |
Total(A) |
No. and
percentage of Females |
|
(A) |
(B) |
% (B/A) |
Board of Directors |
7 |
2 |
28.57 |
Key Managerial Personnel |
3 |
- |
- |
20. Turnover rate for permanent employees and workers
|
FY 2022-23 |
FY 2021-22 |
FY 2020-21 |
|
Male |
Female |
Total |
Male |
Female |
Total |
Male |
Female |
Total |
Permanent
Employees |
13.1% |
8.6% |
11.3% |
15.3% |
9.8% |
13.1% |
9.5% |
7.7% |
8.8% |
Holding, Subsidiary and Associate Companies (including joint ventures)
21. Names of holding / subsidiary / associate companies / joint
ventures
Details of Holding, Subsidiary and Associate Companies are provided in
Notes to Financial Statements (Note No. 35 of Standalone Financial Statements), which
forms part of this Annual Report.
CSR Details
22. (i) Whether CSR is applicable as per Section 135 of Companies
Act, 2013: Yes
(ii) Turnover(in^):4,116,012,031
(iii) Net worth (in K): 2,516,434,952
VII. Transparency and Disclosures Compliances
23. Complaints / Grievances on any of the principles (Principles 1 to
9) under the National Guidelines on Responsible Business Conduct: Table - 10 Complaints /
Grievances under the National Guidelines on Responsible Business Conduct
Stakeholder group from whom
complaint is received |
Grievance Redressal Mechanisms
in place (Yes / No) |
FY 2022-23 |
FY 2021-22 |
|
(If yes, then provide web- link
for grievance redress policy) |
Number of complaints tiled
during the year |
Number of complaints pending
resolution at close of the year |
Remarks |
Number of complaints tiled
during the year |
Number of complaints pending
resolution at close of the year |
Remarks |
Communities |
Yes
https://w3.accelya.
com/wp-content/
uploads/2023/03/Whistle-
Blower-Policy-2023.pdf |
|
|
|
|
|
|
Investors other than
Shareholders |
Yes |
|
|
|
|
|
|
Shareholders |
Yes |
37 |
- |
- |
26 |
- |
- |
Employees & Workers |
Yes |
- |
- |
- |
- |
- |
- |
Customers |
Yes |
- |
- |
- |
- |
- |
- |
Value Chain Partners |
No. The Company does not have
any value chain partners |
|
|
|
|
|
|
Other-
anonymous
complaints |
Yes |
|
|
|
|
|
|
24. Overview of the entity's material responsible business conduct
issues
Please indicate material responsible business conduct and
sustainability issues pertaining to environmental and social matters that present a risk
or an opportunity to your business, rationale for identifying the same, approach to adapt
or mitigate the risk along with its financial implications, as per the following format:
Sr. No. Material
issue identified |
Indicate whether risk or
opportunity
(R/O) |
Rationale for identifying
the risk/ opportunity |
In case of risk, approach to
adapt or mitigate |
Financial implications of
the risk or opportunity (Indicate positive or negative implications) |
1 Cyber Security |
Risk |
Risk of targeted attacks,
ransom ware threats, malware, data leakage and other security failures including risks
emerging from new age technologies such as Cloud Computing |
We have perimeter UTM, WAF, L3
access controls etc in place.
System hardening is done as per set policy based on CIS guidelines. |
Negative |
|
|
|
Symantec ATP is deployed on
end points. Alerts are monitored round the clock.
Sentinel One EDR has been rolled out to all endpoints.
A globally managed Security Operations Centre (SOC) has been deployed.
We also have full-time Chief Information Security Office (CISO) |
|
2 Customer Data Security |
Risk |
Loss / leakage of critical /
confidential customer information leading to financial and reputation loss. |
We are ISO 27001 certified,
have a security policy in place and regularly conduct audits as well as awareness for
employees.
We deploy / upgrade our data security tools as required from time to
time.
In case of any cyber-attacks, there is an escalation mechanism including
communication to all concerned stakeholders. |
Negative |
3 Currency Fluctuation |
Risk |
Adverse exchange rate
fluctuations leading to increased cost of operations or reduced realization on exports. |
We have set up a natural
hedge as there are foreign currency payments as well. We regularly take forward cover to
mitigate the forex fluctuations to a good extent of the receivables. |
Negative |
4 Economic downturn |
Risk |
Adverse macro economic factors
with respect to airlines business may result in increased bankruptcies or consolidation
and thereby revenue loss in specific markets |
We have a global sales and
account management team organised by regions which regularly monitor the market &
customer situation in each region. Potential concerns are escalated and mitigation plans
are put in place on a case to case basis. We have a diversified geographic presence to
manage specific regional volatility. |
Negative |
5 Talent Retention |
Risk |
Lack of effective talent
retention strategy may lead to turnover of key employees or hinder the capability of the
business to deliver on business plan. |
We have implemented
comprehensive performance framework and "pay for performance" compensation
structure designed to engage and incentives key talent, in turn retaining the top
performers and providing a platform for their professional growth. |
Negative |
|
|
|
Internal Job postings are
encouraged for employees to help them grow.
Benefits like Health Insurance and Leave policy have been revamped. |
|
6 Regulatory Compliances |
Risk |
Non-compliance of any laws
related may lead to imposition offline / penalty and/or imprisonment in certain cases,
impacting company brand / reputation |
We use a Compliance
Management Tool to report and monitor regulatory compliances applicable to us. We
regularly update the tool on an ongoing basis with the amendments in the existing
regulations and inclusion of newly introduced legislations, if any. Compliance status is
placed before the Board of Directors in their meetings at frequent intervals. We have also
appointed local consultants to advise and help us with the necessary compliance
requirements. |
Negative |
Section B: Management and Process Disclosures
This section is aimed at helping businesses demonstrate the structures,
policies and processes put in place towards adopting the National Guidelines on
Responsible Business Conduct ("NGRBC") Principles and Core Elements.
The National Guidelines for Responsible Business Conduct (NGRBC) as
prescribed by the Ministry of Corporate Affairs advocates nine principles referred as
P1-P9 as given below:
PI Businesses should conduct and govern themselves with integrity in a
manner that is ethical, transparent, and accountable
P2 Businesses should provide goods and services in a manner that is
sustainable and safe
P3 Businesses should respect and promote the well-being of all
employees, including those in their value chains
P4 Businesses should respect the interests of and be responsive towards
all its stakeholders
P5 Businesses should respect and promote human rights
P6 Businesses should respect, protect, and make efforts to restore the
environment
P7 Businesses when engaging in influencing public and regulatory
policy, should do so in a manner that is responsible and transparent
P8 Businesses should promote inclusive growth and equitable development
P9 Businesses should engage with and provide value to their consumers
in a responsible manner
No. Disclosure
Questions |
P1 |
P2 |
P3 |
P4 |
P5 |
P6 |
P7 |
P8 |
P9 |
Policy and Management
Processes |
|
|
|
|
|
|
|
|
|
1. a. Whether your entity's
policy / policies cover each principle and its core elements of the NGRBCs. (Yes / No) |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
1. b. Whether the policy has
been approved by the Board |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
P1 |
https://w3.accelva.com/wp-content/
uploads/2023/03/Whistle-Blower-Policv-2023.pdf
https://w3.accelva.com/wo-content/
uoloads/2021/07/Code-of-Conduct.odf |
P2 |
https://w3.accelva.com/wo-content/
uoloads/2021/07/Code-of-Conduct.odf |
P3 |
https://w3.accelva.com/wo-content/
uoloads/2021/07/Code-of-Conduct.odf |
P4 |
https://w3.accelva.com/wo-content/
uoloads/2023/03/Whistle-Blower-Policv-2023.odf
https://w3.accelva.com/wo-content/
uoloads/2023/03/Dividend-Distribution-Policv-2023.
pdf
https://w3.accelva.com/wo-content/
uoloads/2023/01/Coroorate-Social-Resoonsibilitv-
Policy.pdf |
P5 |
https://w3.accelva.com/wo-content/
uoloads/2021/07/Code-of-Conduct.odf |
P6 |
https://w3.accelva.com/wo-content/
uoloads/2021/07/Code-of-Conduct.odf |
P7 |
https://w3.accelva.com/wo-content/
uoloads/2021/07/Code-of-Conduct.odf |
P8 |
https://w3.accelva.com/wo-content/
uoloads/2023/01/Coroorate-Social-Resoonsibilitv-
Policv.odf
https://w3.accelva.com/wo-content/
uoloads/2021/07/Code-of-Conduct.odf |
P9 |
https://w3.accelva.com/wo-content/
uoloads/2021/07/Code-of-Conduct.odf |
2 Whether the entity has
translated the policy into procedures (Yes / No) |
Yes |
3 Do the enlisted policies extend
to your value chain partners Rs. (Yes / No) |
Yes |
4 Name of the national and
international codes/certifications/ labels/ standards (e.g. Forest Stewardship Council,
Fair-trade, Rainforest Alliance, Trustee) standards (e.g. SA 8000, OHSAS, ISO, BIS)
adopted by your entity and mapped to each principle. |
ISO 27001 ISO 9001 |
5 Specific commitments, goals
and targets set by the entity with defined timelines, if any. |
Integrating ESG to Risk management process
Improving the gender diversity in workforce.
Increase gender representation in senior leadership levels.
Being recognized among the best employers in our key operating
geographies.
Being recognized among industry leaders for information security
practices and data privacy standards. |
6 Performance of the entity
against the specific commitments, goals and targets along-with reasons in case the same
are not met. |
We have
diligently measured our carbon footprint for FY'20, '21, and '22. To ensure accuracy and
relevance, we set emissions boundaries in alignment with international best practices,
using the GHG Protocol framework. |
|
1,141 lives
impacted by promoting education, including special education and employment enhancing
vocation skills especially among children, women, elderly and the differently abled and
livelihood enhancement projects through Catalysts for Social Action, our CSR implementing
agency. |
|
21 lives impacted
by providing the cost for treatment of children having congenital heart diseases, through
Sri Sathya Sai Health & Education Trust, our CSR implementing agency. |
Governance, leadership, and oversight
7. Statement by director responsible for the business responsibility
report, highlighting ESG related challenges, targets, and achievements.
I am pleased to present Accelya's inaugural Business Responsibility and
Sustainability Report (BRSR) for the financial year 2022-2023. At Accelya, we recognise
the significant value that effective Environmental, Social, and Governance (ESG) programs
bring to our business and society. Over the past twelve months, we have taken decisive
steps to strengthen our commitment to ESG.
Environmental
During the reporting period, Accelya has diligently measured its carbon
footprint for FY'20, '21, and '22. To ensure accuracy and relevance, we set emissions
boundaries in alignment with international best practices, using the GHG Protocol
framework. This transparent approach allows us to account for our carbon emissions and
take necessary actions to reduce them.
Following the GHG reporting exercise, Accelya has established ambitious
GHG reduction targets for scope 1, scope 2, and scope 3 emissions. These targets
are aligned with the Science-Based Targets initiative and the Paris Agreement, ensuring
that Accelya is on a path to meaningful carbon reduction.
As part of our environmental commitments, we have also invested in
certified carbon offsets to compensate for our residual carbon emissions.
Social
Our social mission aims to foster an inclusive culture that attracts,
develops, engages, and retains a diverse global talent pool to drive growth and
competitive advantage. To achieve this vision, we launched the Women Employee Resource
Group (ERG) during the reporting period. The ERG represents women across Accelya, offering
a platform for global initiatives and events. Board-level sponsorship ensures strong
support and guidance for the ERG's leadership, with local Chapter Leads driving
opportunities at each office location. We plan to launch additional ERGs covering various
topics in the coming year.
To further promote Diversity and Equity, we have also developed and
implemented a series of new policies and processes.
Governance
Accelya remains committed to maintaining transparency, ethical
practices, and robust governance. During the reporting period, we reviewed and updated
policies and procedures to ensure compliance with relevant regulations, prevent
corruption, and safeguard data.
A key focus area was enhancing our whistle blowing channels to empower
employees to raise concerns. We invested in a new external helpline and provided
comprehensive training to all employees on the importance of whistle blowing.
To govern our ESG efforts effectively, we formed an ESG Committee,
comprising members of the Board of Directors and the Heads of Sustainability, Diversity,
and Ethics and Compliance. The committee meets quarterly to review progress, performance,
and address any issues that require the attention of the Board.
Conclusion
As Accelya advances on its sustainability journey, we remain steadfast
in our commitment to address ESG challenges and contribute positively to society and the
environment. We recognize that continuous improvement is vital, and we embrace the
opportunities and responsibilities that lie ahead. We extend our gratitude to our
stakeholders for their trust and support, as we strive to build a sustainable and
responsible future together.
8. Details of the highest authority responsible for implementation and
oversight of the Business Responsibility policy(ies).
The highest executive authority responsible for implementation of the
policies is the Managing Director.
9. Does the entity have a specified Committee of the Board / Director
responsible for decision making on sustainability related issues Rs.
No.
10. Details of review of the National Guidelines on Responsible
Business Conduct (NGRBC)
Particulars |
P1
P2
P3
P4
P5
P6
P7
P8
P9
|
Indicate whether review was
undertaken by Director / Committee of the Board / any other Committee |
Board |
Frequency (Annually /
Half-yearly / Quarterly / Any other - please specify) |
Annually |
Performance against above
policies and follow up action |
Yes |
Compliance with statutory
requirements of relevance to the principles, and rectification of any non-compliances |
Yes |
11. Details of review of the National Guidelines on Responsible
Business Conduct (NGRBC)
Particulars |
P1 |
P2 |
P3 |
P4 |
P5 |
P6 |
P7 |
P8 |
P9 |
Has the entity carried out an
independent assessment / evaluation of the working of its policies by an external agency
Rs. (Yes / No) |
No. However, all the
policies and processes are subject to internal reviews conducted by us periodically. |
12. If answer to question (1) above is "No" i.e. not all
Principles are covered by a policy, reasons to be stated
Not Applicable
SECTION C: PRINCIPLE WISE PERFORMANCE DISCLOSURE
PRINCIPLE 1: Businesses should conduct and govern themselves with
integrity, and in a manner that is Ethical, Transparent, and Accountable.
Essential Indicators
1. Percentage coverage by training and awareness programmes on any of
the principles during the financial year
Segment |
Total number of training
and awareness programmed held |
Topics / principles
covered under the training and its impact |
%age of persons in
respective category covered by the awareness programme |
Board of Directors |
Code
of Conduct is an annual declaration taken from the Directors that helps remind them the
importance of maintaining highest standards of ethical business conduct for the Company.
In terms of the Code of Conduct, Directors must act within the guidelines of the authority
conferred upon them and with a duty to make and enact informed decisions and policies in
the best interests of the Company and its shareholders and stakeholders. |
100% |
Key Management
Personnel |
Employees other than BoD and
KMP |
Annual Policies
Compliance: We are committed to following the highest standards of business conduct,
integrity and ethics across our locations. As a part of compliance and awareness program,
all employees are trained in the following policies: -1. Prevention of Sexual Harassment
2. Code of Conduct which includes anticorruption and bribery, employee well-being,
promotion of human rights etc. |
96% |
2. Details of tines / penalties /punishment/ award/ compounding fees/
settlement amount paid in proceedings (by the entity or by directors / KMPs) with
regulators/ law enforcement agencies/ judicial institutions, in the financial year:
None.
3. Of the instances disclosed in Question 2 above, details of the
Appeal/ Revision preferred in cases where monetary or non-monetary action has been
appealed:
Not applicable
4. Does the entity have an Anti-corruption or Anti-bribery policy Rs.
If yes, provide details in brief and if available, provide a weblink to the policy.
Yes. Anti-bribery and anti-corruption are part of our Code of Conduct.
It applies to all employees working with us. The policy prohibits offering or accepting
gifts, hospitality, or other inducements, which can influence a decision, or engage in any
form of bribery. Our code of conduct policy is available on our company's website: https://
w3.accelva.com/wp-content/uploads/2021/07/Code-of-Conduct.pdf
5. Number of Directors / KMPs / employees / workers against whom
disciplinary action was taken by any law enforcement agency for the charges of bribery /
corruption.
|
FY2022-23 |
FY2021-22 |
Directors |
- |
- |
KMPs |
- |
- |
Employees |
- |
- |
6. Details of complaints with regard to conflict of interest
|
FY2022-23 |
FY2021-22 |
|
|
Number |
Remarks |
Number |
Remarks |
Number of complaints received
in relation to issues of conflict of interest of directors |
|
|
|
|
Number of complaints received in
relation to issues of conflict of interest of KMPs |
|
|
|
|
7. Provide details of any corrective action taken or underway on issues
related to fines / penalties / action taken by regulators / law enforcement agencies /
judicial institutions, on cases of corruption and conflicts of interest.
Not Applicable
Leadership Indicators
1 Awareness programmes conducted for value chain partners on any of the
Principles during the financial year
Every purchase order issued to our value chain partner covers clauses
related to conducting business and governing themselves with integrity and follow ethical
process. A contractor shall comply with all applicable laws (including labour laws), rules
or regulations from time to time. Separate awareness programmes have not been conducted
for value chain partners.
2. Does the entity have processes in place to avoid/ manage conflict of
interests involving members of the Board Rs. (Yes/No) If yes, provide details of the same.
Yes, we receive an annual declaration from our Board members disclosing
the names of companies in which they are directors, firms in which they are partners and
trusts in which they are trustees.
PRINCIPLE 2: Businesses should provide goods and services in a manner
that is sustainable and safe
Essential Indicators
1. Percentage of R&D and capital expenditure (capex) investments in
specific technologies to improve the environmental
and social impacts of product and processes to total R&D and capex
investments made by the entity, respectively.
1. Percentage of R&D and
Capex investments in specific technologies to |
|
FY 2022-23 |
FY 2021-22 |
Details of improvements in
environmental and social impact |
improve environmental and
social impacts of product and processes |
R&D Capex |
|
|
We are an IT company hence
no R&D investments were made for improving the environmental and social impacts, which
have very less relevance. Being an IT company, the avenues and scope for investments in
R&D through specific technologies to improve environmental and social impacts of IT
products and processes were very minimal. |
2.a. Does the entity have procedures in place for sustainable
sourcing Rs. (Yes / No)
Yes.
b. If yes, what percentage of inputs were sourced sustainable Rs.
With our approach of extending our ethical practices beyond the
organization, we ensure the highest level of fairness and integrity when operating with
our vendors. We ensure that legal and regulatory compliance practices are adhered to
across all vendors and suppliers engaged in various locations. We do not track the
percentage of inputs sourced sustainable.
3. Describe the processes in place to safely reclaim your products for
reusing, recycling and disposing at the end of life, for (a) Plastics (including
packaging) (b) E-waste (c) Hazardous waste and (d) other waste.
|
Name of Policy/Process |
Policy/Process Description |
Plastics (including packaging) |
Not applicable |
Not applicable |
E-waste |
Global Procurement policy |
The e-waste material is
collected by the scrap vendor from the respective locations. |
Hazardous waste |
Not applicable |
Not applicable |
Other waste |
Not applicable |
Not applicable |
Not Applicable.
4. Whether Extended Producer Responsibility ("EPR") is
applicable to the entity's activities (Yes / No). If yes, whether the waste collection
plan is in line with the Extended Producer Responsibility ("EPR") plan submitted
to Pollution Control Boards Rs. If not, provide steps taken to address the same.
Not Applicable.
Leadership Indicators
1. Has the entity conducted Life Cycle Perspective / Assessments (LCA)
for any of its products (for manufacturing industry) or for its services (for service
industry)Rs. If yes, provide details in the following format Rs.
Not applicable. We are an IT services company. We do not manufacture
any products.
2. If there are any significant social or environmental concerns and/or
risks arising from production or disposal of your products / services, as identified in
the Life Cycle Perspective / Assessments (LCA) or through any other means, briefly
describe the same along-with action taken to mitigate the same.
Not applicable. We are an IT services company. We do not manufacture
any products.
3. Percentage of recycled or reused input material to total material
(by value) used in production (for manufacturing industry) or providing services (for
service industry).
Not applicable. We are an IT services company. We do not manufacture
any products.
4. Of the products and packaging reclaimed at end of life of products,
amount (in metric tones) reused, recycled, and safely disposed, as per the following
format.
Not applicable. We are an IT services company. We do not manufacture
any products.
5. Reclaimed products and their packaging materials (as percentage of
products sold) for each product category.
Not applicable. We are an IT services company. We do not manufacture
any products
PRINCIPLE 3: Businesses should respect and promote the well-being of
all employees, including those in their value chains
Essential Indicators
1. a. Details of measures for the well-being of employees
|
Percentage of
employees covered by |
Category |
Total
(A) |
Health
Insurance |
Accident
Insurance |
Maternity
Benefits |
Paternity
Benefits |
Daycare
Facilities |
|
No. (B) |
% (B/A) |
No. (C) |
% (C/A) |
No. (D) |
% (D/A) |
No. (E) |
% (E/A) |
No. (F) |
% (F/A) |
Permanent Employees |
Male |
763 |
763 |
100% |
763 |
100% |
0 |
0% |
763 |
100% |
0 |
0% |
Female |
547 |
547 |
100% |
547 |
100% |
547 |
100% |
0 |
0% |
547 |
100% |
Total |
1310 |
1310 |
100% |
1310 |
|
547 |
42% |
763 |
58% |
547 |
42% |
Non-Permanent Employees |
Male |
60 |
60 |
100% |
0 |
0% |
0 |
0% |
60 |
100% |
0 |
0% |
Female |
12 |
12 |
100% |
0 |
0% |
12 |
100% |
0 |
0% |
0 |
0% |
Total |
72 |
72 |
100% |
0 |
0% |
12 |
17% |
60 |
83% |
0 |
0% |
1. b. Details of measures for the well-being of workers
|
Percentage of
employees covered by |
Category |
Total
(A) |
Health
Insurance |
Accident
Insurance |
Maternity
Benefits |
Paternity
Benefits |
Day care
Facilities |
|
No. (B) |
% (B/A) |
No. (C) |
% (C/A) |
No. (D) |
% (D/A) |
No. (E) |
% (E/A) |
No. (F) |
% (F/A) |
Permanent Workers |
Male |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Female |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Total |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Non-Permanent Workers |
Male |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Female |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Total |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
2. Details of retirement benefits, for Current FY and Previous FY
Benefits |
FY22-23
(Current Financial Year) |
FY21-22
(Previous Financial Year) |
|
No. of employees covered (as a
%of total employees) |
No. of workers covered (as a
%of total workers) |
Deducted and deposited with
the authority (Yes/No/N.A.) |
No. of employees covered (as
a %of total employees) |
No. of workers covered (as a
%of total workers) |
Deducted and deposited with
the authority (Yes/No/N.A.) |
PF |
100% |
NA |
Yes |
100% |
NA |
Yes |
Gratuity |
100% |
NA |
Yes |
100% |
NA |
Yes |
ESI |
4% |
NA |
Yes |
16% |
NA |
Yes |
Others
(please
specify) |
NA |
NA |
NA |
NA |
NA |
NA |
3. Accessibility of workplaces Are the premises / offices accessible to
differently abled employees as per the requirements of the Rights of Persons with
Disabilities Act, 2016Rs. If not, whether any steps are being taken by the entity in this
regard.
Yes.
4. Does the entity have an equal opportunity policy as per the Rights
of Persons with Disabilities Act, 2016 Rs. If so, provide a web link to the policy.
Yes, we have an Equal Opportunity Policy for Rights of Persons with
Disability as per the Rights of Persons with Disabilities Act, 2016 and is available on
the website of our Company at https://w3.accelva.com/wp-content/
uploads/2023/07/Eaual-Opportunitv-Policv-for-Rights-of-Persons-with-Disabilities.pdf.
5. Return to work and Retention rates of permanent employees and
workers that took parental leave.
Gender |
Permanent
Employees |
Permanent
Workers |
|
Return to work rate |
Retention rate |
Return to work rate |
Retention rate |
Male |
24 |
100% |
NA |
NA |
Female |
22 |
90% |
NA |
NA |
Total |
46 |
96% |
NA |
NA |
6. Is there a mechanism available to receive and redress
grievances for the following categories of employees and workers Rs. If yes, give details
of the mechanism in brief.
|
Yes/No |
Brief Description of
Mechanisms (if yes) |
Permanent Employees |
Yes |
The procedure is mentioned
below. |
Non-Permanent Employees |
Yes |
The procedure is mentioned
below. |
Permanent Workers |
NA |
|
Non-Permanent Workers |
NA |
|
The Company's grievance resolution procedure is as follows:
a. Any grievance to be reported to either an HR official / immediate
superior / Business Unit Head.
b. the HR official / immediate superior / Business Unit Head should
meet the complainant on the same working day and record the grievance.
c. depending on the seriousness and consequences of the grievance, the
concerned official has to decide on the resolution or further course of action as:
i. if the issue can be resolved by dialogue, the same must be done
within 3 working days and must be documented with HR.
ii. if the issue requires intervention by a senior grade member or HR,
a committee of three members (with at least one female representative) must be formed
within 5 working days and the issue must be documented at all the levels of dialogue.
Hi. while investigating, the committee will follow principles of
natural justice and provide opportunity to both sides to put forward their case and
explanation/evidence.
iv. the decision of grievance handling committee shall be final and any
action/reprimand will be commensurate to the offence.
7. Total Employees (A)Membership of employees and worker in
association(s) or Unions recognised by the listed entity
The Company has not recognized any employees association(s) or Unions.
The Company does not employ any workers.
8. Details of training given to employees and workers
|
FY 2022-23 |
FY 2021-22 |
|
Total(A) |
Health &
Safety Measures |
Skill
Up gradation |
Total(D) |
Health &
Safety Measures |
Skill
Up gradation |
|
|
No. (B) |
% (B/A) |
No. (C) |
% (C/A) |
|
No. (E) |
% (E/D) |
No. (F) |
% (F/D) |
Male |
763 |
14 |
2% |
586 |
77% |
728 |
328 |
45% |
40 |
5% |
Female |
547 |
12 |
2% |
448 |
82% |
519 |
96 |
18% |
8 |
2% |
Total |
1,310 |
26 |
2% |
:l,034 |
79% |
1,247 |
424 |
34% |
48 |
11% |
Workers - Not Applicable |
9. Details of performance and career development reviews of employees
and workers
|
FY 2022-23 |
FY 2021-22 |
|
Employees |
|
Total(A) |
No. (B) |
% (B/A) |
Total (C) |
No. (D) |
% (D/C) |
Male |
763 |
749 |
98% |
728 |
696 |
96% |
Female |
547 |
524 |
96% |
519 |
495 |
95% |
Total |
1,310 |
1,273 |
97% |
1,247 |
1,191 |
96% |
Workers - Not Applicable |
10. Health and safety management system:
a. Whether an occupational health and safety management system has been
implemented by the entity Rs. (Yes/ No). If yes, the coverage of such system Rs.
Yes, we have the required health & safety systems and equipment
installed and placed in accessible locations in the facility premises (e.g., HVAC, fire
system, wheelchairs, stretchers, basic first-aid kits, drinking water, indoor air quality,
fire & safety training on emergency preparedness).
b. What are the processes used to identify work-related hazards and
assess risks on a routine and non-routine basis by the entity Rs.
1) We perform indoor air quality testing once in every year,
2) We ensure use of R410 Gas in HVAC & VRF systems.
3) We have installed HAPA filters in AHU and carry out monthly cleaning
of filters.
4) We have installed UV lights in HVAC system for destroying fungal
bacteria.
5) We perform maintenance and servicing of electrical equipment and
connections every month and electrical panels on yearly basis.
6) We perform hygiene of washrooms and reception every one hour.
7) We perform disinfections and cleaning of workstations done at close
of working hours every day.
c. Whether you have processes for workers to report the work-related
hazards and to remove themselves from such risks. (Y/N)
Yes, we have a process whereby employees inform the Facility team
through email if they come across any work-related hazards.
d. Do the employees/ worker of the entity have access to
non-occupational medical and healthcare services Rs. (Yes/ No)
Yes. Employees are covered by our Corporate Personal Accident Policy.
We have created wellness room facility which can be used by employees if they are unwell.
We assesses the employee and based on the situation, advise the employee to take immediate
medical assistance and provide them with the required support.
11 Details of safety related incidents, in the following format:
We had zero safety incidents in current and previous Financial Year.
12 Describe the measures taken by the entity to ensure a safe and
healthy workplace.
We prioritise the well-being of our people by providing a safe, secure
and healthy workplace. We ensure regular management of wellness room and first aid kits,
proper sanitization & hygiene of the floor, and conduct periodic water testing. During
the reporting year there has been no work related reportable injury/ill-health.
13 Number of complaints on the following made by employees and workers
No complaints have been registered during current and previous
Financial Year.
14. Assessments for the year
|
% of your plants
and offices that were assessed (by entity or statutory authorities or third parties)* |
Health and safety practices |
100% |
Working Conditions |
100% |
15. Provide details of any corrective action taken or underway to
address safety-related incidents (if any) and on significant risks / concerns arising from
assessments of health & safety practices and working conditions.
There were no safety related incidents or risk arising from assessments
of health & safety practices and working conditions.
Leadership Indicators
1. Does the entity extend any life insurance or any compensatory
package in the event of death of Employees (Y/N)
Yes.
2. Provide the measures undertaken by the entity to ensure that
statutory dues have been deducted and deposited by the value chain partners.
All legal compliances are reviewed as part of our vendor audits.
3. Provide the number of employees / workers having suffered high
consequence work-related injury / ill-health / fatalities (as reported in Qll of Essential
Indicators above), who have been rehabilitated and placed in suitable employment or whose
family members have been placed in suitable employment:
No employees have suffered high consequence work-related injury /
ill-health / fatalities.
4. Does the entity provide transition assistance programs to facilitate
continued employability and the management of career endings resulting from retirement or
termination of employment Rs.
Yes, we connect with employee well before retirement date to help plan
retirement benefits like PF, Gratuity, Superannuating.
5. Details on assessment of value chain partners
|
% of your plants
and offices that were assessed (by entity or statutory authorities or third parties)* |
Health and safety practices |
We have not
initiated the assessment of value chain partners. |
Working Conditions |
6. Provide details of any corrective actions taken or underway to
address significant risks / concerns arising from assessments of health and safety
practices and working conditions of value chain partners.
We have not initiated the assessment of value chain partners.
PRINCIPLE 4: Businesses should respect the interests of and be
responsive to all its stakeholders
Essential Indicators
1. Describe the processes for identifying key stakeholder groups of the
entity.
We have identified the key stakeholder groups based on their
significance to our business. The Company always strives for the betterment of its
stakeholders which include society, clients, partners, our employees, the shareholders,
the Board of Directors, vendors, as well as environment.
2. List stakeholder groups identified as key for your entity and the
frequency of engagement with each stakeholder group
Stakeholder Group |
Whether identified as
Vulnerable & Marginalized Group |
Channels of communication |
Frequency of engagement |
Purpose and scope of
engagement including key topics and concerns raised during such engagement |
Employees |
No |
Emails, MS Teams, Meetings |
On going |
Employee Benefits,
Performance Feedback, Employee Surveys, Health and Safety, Training and Development, etc |
Vendors & Suppliers |
No |
Email & Phone |
Weekly / Half yearly /
Quarterly / Need basis |
We communicate with vendors &
suppliers for various activities such as repairs & maintenance request,
product inquiries, placing orders, follow up on delivery & payment
reconciliation. |
Customers |
No |
Emails, MS Teams Calls, Face to
Face Meetings |
Weekly / Monthly / Quarterly |
Operational -
Review daily/ weekly SLA's; resolve exceptions and other operational
issues. Management - SLA & Service Performance Review, Senior Management
Reporting, Change Management Items, Decisions on open items |
|
|
|
|
Strategic -
Conduct Stakeholder workshops to understand goals / objectives,
scope, key ideas / challenges / opportunities, and planned investments. Determine &
review of the project along with previous / existing initiatives |
Shareholders |
No |
Emails, Newspapers, Website,
Stock Exchange Filings, Answers to investor complaints,
R&T Agent communication |
Annually / Half yearly /
Quarterly / Need based |
We communicate with
shareholders for various activities such as sending TDS communication, dividend credit
intimations, other regulatory requirements, sending Annual Reports, notices of General
Meetings etc. |
Regulators |
No |
Compliance with local laws and
regulations. |
Need based |
We engage with regulatory
authorities for various matters, filings etc. |
Society at large |
Yes |
We attend events conducted
by CSA, our implementation agency for CSR where we interact with children from vulnerable
group. We have also visited the hospital of our other implementation agency-Sri Sathya Sai
Health & Education Trust where children with congenital heart diseases are treated
free of cost. |
On going |
By meeting the children, we try
to understand the concerns of the children from vulnerable group so that we can address
these concerns going forward. |
Leadership Indicators
1. Provide the processes for consultation between stakeholders and the
Board on economic, environmental, and social topics or if consultation is delegated, how
is feedback from such consultations provided to the Board.
Consultation with stakeholders on various topics is carried out by
related departments of our Company who are responsible for stakeholders' engagement. The
implementation agencies for CSR activities provide quarterly updates to the Board. The
Board also receives the investor grievances during the quarter.
2. Whether stakeholder consultation is used to support the
identification and management of environmental, and social topics (Yes / No). If so,
provide details of instances as to how the input received from stakeholders on these
topics were incorporated into policies and activities of the entity.
Yes, through engagement with the stakeholder groups, our Company has
identified key focus areas for CSR initiatives.
3. Provide details of instances of engagement with, and actions are
taken to, address the concerns of vulnerable / marginalized stakeholder groups.
Stakeholders for our CSR projects specifically feature as vulnerable /
marginalized. Our CSR activities ensure that the beneficiaries of our projects are from
the vulnerable / marginalized groups. We obtain regular feedback from our implementation
agencies for CSR on the beneficiaries of our CSR activities.
PRINCIPLE 5: Businesses should respect & promote human rights.
Essential Indicators:
1. Employees and workers who have been provided training on human
rights issues and policy(ies) of the entity.
Category |
FY 2022-23 |
FY 2021-22 |
|
Total(A) |
No. of employees covered
(B) |
% B/A |
Total(C) |
No. of employees covered
(D) |
% D/C |
Permanent
Employees |
1,310 |
1,310 |
100% |
1,189 |
1,189 |
100% |
Other than permanent Employees |
72 |
72 |
100% |
45 |
45 |
100% |
Total
Employees |
1,382 |
1,382 |
100% |
1,234 |
1,234 |
100% |
2. Details of minimum wages paid to employees and workers.
Category |
FY 2022-23 |
FY 2021-22 |
|
Total
(A) |
Equal to
Minimum Wage |
More Than
Minimum Wage |
Total(D) |
Equal to
Minimum Wage |
More Than
Minimum Wage |
|
|
No. (B) |
% B/A |
No. (C) |
%C/A |
|
No. (E) |
% E/D |
No. (F) |
% F/D |
Permanent |
1,310 |
0 |
0 |
1,310 |
100% |
1,198 |
0 |
0 |
1,198 |
100% |
Male |
763 |
0 |
0 |
763 |
100% |
713 |
0 |
0 |
713 |
100% |
Female |
547 |
0 |
0 |
547 |
100% |
485 |
0 |
0 |
485 |
100% |
Non
Permanent |
72 |
0 |
0 |
72 |
100% |
45 |
0 |
0 |
45 |
100% |
Male |
60 |
0 |
0 |
60 |
100% |
39 |
0 |
0 |
39 |
100% |
Female |
12 |
0 |
0 |
12 |
100% |
6 |
0 |
0 |
6 |
100% |
Category |
FY 2022-23 |
FY 2021-22 |
|
Total
(A) |
Equal to
Minimum Wage |
More Than
Minimum Wage |
Total(D) |
Equal to
Minimum Wage |
More Than
Minimum Wage |
|
|
No. (B) |
% B/A |
No. (C) |
%C/A |
|
No. (E) |
% E/D |
No. (F) |
% F/D |
|
Workers |
Permanent |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Male |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Female |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Non
Permanent |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Male |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Female |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
3. Details of remuneration / salary / wages, in the following format
|
FY 2022-23 |
FY 2021-22 |
|
Male |
Female |
Others |
|
Number |
Median remuneration / salary
/ wages of respective category |
Number |
Median remuneration / salary
/ wages of respective category |
Number |
Median remuneration / salary
/ wages of respective category |
Board of Directors
Key Managerial Personnel
Employees Other than BoD and KMP |
Refer Annexure
B to the Directors Report |
**Annexure B to the Directors' Report includes ratio of remuneration of
each director to the median remuneration of the employees and the percentage increase in
the median remuneration of employees in the financial year.
4. Do you have focal point (Individual / Committee) responsible for
addressing human rights impacts or issues caused or contributed to by the business Rs. (Y
/ N)
Yes.
5. Details of internal mechanisms in place for the redressal of
grievances related to human rights issues
a. Any grievance to be reported to either HR official / immediate
superior / Function Unit Head.
b. The HR official / immediate superior / Function Unit Head should
meet the complainant on the same working day and record the grievance.
c. Depending on the seriousness and consequences of the grievance, the
concerned official decides on the resolution or further course of action as:
i. If the issue can be resolved by dialogue, the same has be done
within 3 working days and has to be documented with HR.
ii. If the issue requires intervention by a senior grade member or HR,
a committee of three members (with at least one female representative) has to be formed
within 5 working days and the issue has to be documented at all the levels of dialogue.
iii. While investigating, the committee follows principles of natural
justice and provides opportunity to both sides to put forward their case and explanation /
evidence.
iv. The decision of grievance handling committee is final and any
action / reprimand is commensurate to the offence.
6. Number of Complaints on the following made by employees and workers
|
FY 2022-23 |
FY 2021-22 |
|
Filed during the year |
Pending resolution at the
end of year |
Remarks |
Filed during the year |
Pending resolution at the
end of year |
Remarks |
Sexual
Harassment |
None |
None |
None |
None |
None |
None |
Discrimination at Workplace |
None |
None |
None |
None |
None |
None |
Child Labour |
None |
None |
None |
None |
None |
None |
Forced Labour / Involuntary
Labour |
None |
None |
None |
None |
None |
None |
Wages |
None |
None |
None |
None |
None |
None |
Other human rights related
issue |
None |
None |
None |
None |
None |
None |
7. Details of mechanisms to prevent adverse consequences to the
complainant in discrimination and harassment cases
The complaints, if any, raised are investigated and handled with utmost
fairness and confidentiality by the Internal Complaints Committee (ICC).
8. Do human rights requirements form part of your business agreements
and contracts Rs. (Yes/No):
Yes
9. Assessments for the year
|
% of your plants &
offices that were assessed (by entity or statutory authorities or third parties)* |
Child Labour |
100% |
Forced Involuntary Labour |
100% |
Sexual harassment |
100% |
Discrimination at workplace |
100% |
Wages |
100% |
Others - please specify |
100% |
10. Provide details of any corrective actions taken or underway to
address significant risks / concerns arising from the assessments at Question 9 above
No significant risk identified.
Leadership Indicators
1. Details of a business process being modified / introduced as a
result of addressing human rights grievances / complaints.
Nil.
2. Details of the scope and coverage of any Human rights due diligence
conducted.
We have incorporated human rights aspects into the due diligence
process for on boarding any new vendor.
3. Is the premise/office of the entity accessible to differently abled
visitors, as per the requirements of the Rights of Persons with Disabilities Act, 2016Rs.
Yes.
4. Details on assessment of value chain partners
|
No. of Vender Assessed %
of value chain partners (by value of business
done with such partners) that were assessed |
Sexual harassment |
Ensured through
incorporation of relevant contractual clauses in the agreement executed with the vendors. |
Discrimination at workplace |
Child Labour |
Forced Involuntary Labour |
Wages |
Others - please specify |
5. Provide details of any corrective actions taken or underway to
address significant risks/concerns arising from the assessments at Question 4 above
Not applicable.
PRINCIPLE 6: Businesses should respect and make efforts to protect and
restore the environment.
Essential Indicators
1. Details of total energy consumption (in Joules or multiples) and
energy intensity, in the following format
Parameters |
FY 2022-23 |
FY 2021-22 |
Total Electricity Consumption (A) |
10,00,637 |
8,79,694 |
Total Fuel Consumption (B) |
NA |
NA |
Energy Consumption Through
other Sources (C) [in Giga Joules (GJ)] |
NA |
NA |
Total Energy Consumption
(A+B+C) |
10,00,637 |
8,79,694 |
Energy intensity per rupee of
turnover (Total energy consumption/ turnover in rupees) |
0.09 |
0.10 |
Energy intensity (optional) -
the relevant metric may be selected by the entity |
NA |
NA |
Name of External Agency (if
assessment is carried out by external agency): Assessment has not been carried out by
external agency |
Remarks (with regards to
methodology, data compilation, calculation, etc): |
2. Does the entity have any sites/facilities identified as Designated
Consumers ("DCs") under the Performance, Achieve and Trade ("PAT")
Scheme of the Government of IndiaRs. (Y/N) If yes, disclose whether targets set under the
PAT scheme have been achieved. In case targets have not been achieved, provide the
remedial action taken, if any. No.
3. Provide details of the following disclosures related to water.
Parameters |
FY 2022-23 |
FY 2021-22 |
Water Withdrawal by Source
(in kilolitres) |
(i) Surface Water |
NA |
NA |
(ii) Ground Water |
NA |
NA |
(iii) Third Party Water |
1,414 |
614 |
(iv) Seawater/Desalinated
Water |
NA |
NA |
(v) Others |
NA |
NA |
Total volume of water
withdrawal (in kilolitres) (i + ii + iii + iv + v) |
1,414 |
614 |
Total volume of water
consumption (in kilolitres) |
3,535 |
1,535 |
Water intensity per rupee
of turnover
(Water consumed/turnover) |
NA |
NA |
Water intensity ratio (optional)
- the relevant metric may be selected by the entity [such as units of product production
volume [such as metric tons, litres, or MWh), size (such as m2 floor space), number of
full-time employees] |
Not Available |
Not Available |
Name of External Agency (if
assessment is carried out by external agency): Assessment has not been carried out by
external agency. |
Remarks (with regards to
methodology, data compilation, calculation, etc): |
4. Has the entity implemented a mechanism for Zero Liquid
Discharge Rs. If yes, provide details of its coverage and implementation.
No.
5. Please provide details of air emissions (other than GHG emissions)
by the entity, in the following format:
Parameters |
Unit Specification |
FY 2022-23 |
FY 2021-22 |
NOx |
No |
No |
No |
SOx |
No |
No |
No |
Particulate matter (PM) |
No |
No |
No |
Persistent organic
pollutants (POP) |
No |
No |
No |
Volatile organic compounds (VOC) |
No |
No |
No |
Hazardous air pollutants (HAP) |
No |
No |
No |
Others - please specify |
No |
No |
No |
Name of External Agency (if
assessment is carried out by external agency): Assessment has not been carried out by
external agency |
Remarks (with regards to
methodology, data compilation, calculation, etc): Not Applicable |
6. Provide details of greenhouse gas emissions (Scope 1 and Scope 2
emissions) & its intensity
Parameters |
Unit Specification |
FY 2022-23 |
FY 2021-22 |
Total Scope 1 emissions (Break-up
of the GHG into C02, CH4, N20, HFCs, PFCs, SF6, NF3, if available) |
Metric tonnes of C02
equivalent |
0.077 |
0.077 |
Total Scope 2 emissions (Break-up
of the GHG into C02, CH4, N20, HFCs, PFCs, SF6, NF3, if available. Also include emissions
that are not physically controlled but result from intentional or unintentional releases
of GHGs, such as equipment leakages, methane emissions.) |
Metric tonnes of C02 equivalent |
NA |
NA |
Total Scope 1 and Scope 2
emissions per rupee of turnover |
- |
- |
- |
Total Scope 1 and Scope 2
emission intensity
(optional) - the relevant metric may be selected by the
entity [such as metric tons, litres, or MWh), size (such as m2 floor space), number of
full-time employees] |
|
|
|
Name of External Agency (if
assessment is carried out by an external agency): Assessment has not been carried out by
external agency |
Remarks (with regards to
methodology, data compilation, calculation, etc): |
7. Does the entity have any project related to reducing Green House Gas
emission Rs. If Yes, then provide details.
No
8. Provide details related to waste management by the entity
Parameters |
FY 2022-23 |
FY 2021-22 |
Total Waste generated (in
metric tonnes) |
Plastic waste (A) |
0.08 |
0.02 |
E-waste (B) |
NA |
NA |
Bio-medical waste (C) |
NA |
NA |
Construction and demolition
waste (D) |
60 |
0 |
Battery waste (E) |
0 |
0 |
Radioactive waste (F) |
NA |
NA |
Other Hazardous waste. Please
specify, if any. (G) |
0 |
0 |
Other Non-hazardous waste
generated (H). Please specify, if any. (Break-up by composition i.e. by materials
relevant to the sector) |
4.14 |
0.98 |
Total (A+B + C + D + E + F
+ G + H) |
64.22 |
1 |
For each category of waste
generated, total waste recovered through recycling, re-using or other recovery operations
(in metric tonnes) |
Category of waste |
0 |
0 |
(i) Recycled |
0 |
0 |
(ii) Re-used |
0 |
0 |
(iii) Other recovery
operations |
0 |
0 |
Total |
0 |
0 |
For each category of waste
generated, total waste disposed by nature of disposal method (in metric tonnes) |
Category of waste |
0 |
0 |
(i) Incineration |
0 |
0 |
(ii) Land filling |
0 |
0 |
(iii) Other disposal
operations |
0 |
0 |
Total |
0 |
0 |
Name of External Agency (if
assessment is carried out by an external agency): Assessment has not been carried out by
external agency |
Remarks (with regards to
methodology, data compilation, calculation, etc): N/A |
9. Briefly describe the waste management practices adopted in your
establishments. Describe the strategy adopted by your company to reduce usage of hazardous
and toxic chemicals in your products and processes and the practices adopted to manage
such wastes.
Segregation is carried out between dry waste and wet waste.
E-waste material is diligently handed over to authorized scrap
vendors.
10. If the entity has operations/offices in/around ecologically
sensitive areas (such as national parks, wildlife sanctuaries, biosphere reserves,
wetlands, biodiversity hotspots, forests, coastal regulation zones etc.) where
environmental approvals / clearances are required, please specify details in the following
format:
Not Applicable
11. Details of environmental impact assessments of projects undertaken
by the entity based on applicable laws, in the current financial year:
Not Applicable
12. Is the entity compliant with the applicable environmental law/
regulations/ guidelines in India such as the Water (Prevention and Control of Pollution)
Act, Air (Prevention and Control of Pollution) Act, Environment protection act and rules
there under (Y/N). If not, provide details of all such non-compliances, in the following
format:
Yes.
Leadership Indicators
1. Provide break-up of the total energy consumed (in Joules or
multiples) from renewable and non-renewable sources, in the following format:
Parameters |
FY 2022-23 |
FY 2021-22 |
From Renewable Sources |
Total electricity consumption (A) |
NA |
NA |
Total fuel consumption (B) |
NA |
NA |
Energy consumption through
other sources (C) |
NA |
NA |
Total energy consumed from
renewable sources (A+B+C) |
NA |
NA |
From Non - Renewable Sources |
|
|
Total electricity consumption (D) |
10,00,637 |
8,79,694 |
Total fuel consumption (E) |
NA |
NA |
Energy consumption through
other sources (F) |
NA |
NA |
Total energy consumed from
non-renewable sources (D+E+F) |
10,00,637 |
8,79,694 |
Name of External Agency (if
assessment is carried out by external agency): Adani Electricity Mumbai Ltd. |
2. Provide the following details related to water discharged
Parameters |
FY 2022-23 |
FY 2021-22 |
Water discharge
by destination and level of treatment (in kilolitres |
|
(i) To Surface water |
NA |
NA |
- No treatment |
|
|
- With treatment - specify
level of treatment |
|
|
(ii) To Groundwater |
NA |
NA |
- No treatment |
|
|
- With treatment - please
specify level of treatment |
|
|
(iii) To Seawater |
NA |
NA |
- No treatment |
|
|
- With treatment - please
specify level of treatment |
|
|
(iv) Sent to third-parties |
2,121 |
921 |
- No treatment |
|
|
- With treatment - please specify
level of treatment |
Up to 5 Level of treatments
is done by Embassy facility team |
Up to 5 Level of treatments
is done by Embassy facility team |
(v) Others |
|
|
- No treatment |
|
|
- With treatment - please
specify level of treatment |
|
|
Total water discharged (in
kilolitres) |
2,121 |
921 |
Name of External Agency (if
assessment is carried out by external agency): Embassy 247 Park, Vikhroli, Mumbai |
3. Water withdrawal, consumption and discharge in areas of water stress
(in kiloliters)
Parameters |
FY 2022-23 |
FY 2021-22 |
Water withdrawal by source
(in kilolitres) |
(i) Surface water |
NA |
NA |
(ii) Groundwater |
NA |
NA |
(iii) Third party water |
1,414 |
614 |
(iv) Seawater / desalinated
water |
NA |
NA |
(v) Others |
NA |
NA |
Total volume of water
withdrawal (in kilolitres) |
1,414 |
614 |
Total volume of water
consumption (in kilolitres) |
3,535 |
1,535 |
Water intensity per rupee
of turnover (Water consumed/ turnover) |
NA |
NA |
Water intensity (optional)
- the relevant metric may be selected by the entity |
NA |
NA |
Water discharge by
destination and level of treatment (in kilolitres) |
(i) Into Surface water |
NA |
NA |
- No treatment |
NA |
NA |
Parameters |
FY 2022-23 |
FY 2021-22 |
Water withdrawal by source (in
kilolitres) |
- With treatment - please
specify level of treatment |
NA |
NA |
(ii) Into Groundwater |
NA |
NA |
- No treatment |
NA |
NA |
- With treatment - please
specify level of treatment |
NA |
NA |
(iii) Into Seawater |
NA |
NA |
- No treatment |
NA |
NA |
- With treatment - please
specify level of treatment |
NA |
NA |
(iv) Sent to third-parties |
NA |
NA |
- No treatment |
NA |
NA |
- With treatment - please
specify level of treatment |
NA |
NA |
(v) Others |
NA |
NA |
- No treatment |
NA |
NA |
- With treatment - please
specify level of treatment |
NA |
NA |
Total water discharged (in
kilolitres) |
NA |
NA |
Name of External Agency (if
assessment is carried out by external agency): Embassy 247 Park, Vikhroli, Mumbai |
Name of the Area: Vikhroli
Mumbai, Maharashtra, India |
Nature of Operations: Facility |
4. Please provide details of total Scope 3 emissions & its
intensity, in the following format:
Parameters |
Unit Specified |
FY 2022-23 |
FY 2021-22 |
Name of External Agency (if
assessment is carried out by external agency): NA |
Total Scope 3 emissions
(Break-up of the GHG into C02, CH4, N20, HFCs, PFCs, SF6, NF3, if
available) |
Metric tonnes of C02 equivalent |
NA |
NA |
Total Scope 3 emissions per
rupee of turnover |
NA |
NA |
NA |
Total Scope 3 emission
intensity (optional) - the relevant metric may be selected by the entity |
NA |
NA |
NA |
5. With respect to the ecologically sensitive areas reported at
Question 10 of Essential Indicators above, provide details of significant direct &
indirect impact of the entity on biodiversity in such areas along-with prevention and
remediation activities.
Not Applicable
6. If the entity has undertaken any specific initiatives or used
innovative technology or solutions to improve resource efficiency, or reduce impact due to
emissions / effluent discharge / waste generated, please provide details of the same as
well as outcome of such initiatives:
Not Applicable
7. Does the entity have a business continuity and disaster management
plan Rs. Give details in 100 words / web link.
We do have disaster recovery set up for all production environments as
agreed with customers and internal stake holders.
Business Continuity Plan and Disaster Recovery drills are conducted
regularly to check the effectiveness and preparedness.
8. Disclose any significant adverse impact to the environment, arising
from the value chain of the entity. What mitigation or adaptation measures have been taken
by the entity in this regard.
Not Applicable
9. Percentage of value chain partners (by value of business done with
such partners) that were assessed for environmental impacts
Nil
PRINCIPLE 7: Businesses, when engaging in influencing public and
regulatory policy, should do so in a manner that is responsible and transparent
Essential Indicators
1 a. Number of affiliations with trade and industry chambers /
associations - Nil
b. List the top 10 trade and industry chambers / associations
(determined based on the total members of such body) the entity is a member of /
affiliated to.
Sr. No. Name
of the trade and industry chambers/ associations |
Reach of trade and
industry chambers/ associations (State/National) |
Not Applicable |
3. Provide details of corrective action taken or underway on any issues
related to anti-competitive conduct by the entity, based on adverse orders from regulatory
authorities.
There were no incidents pertaining to anti-competitive conduct by the
Company.
Leadership Indicators
1. Details of public policy positions advocated by the entity:
No, our Company does not engage in policy advocacy.
PRINCIPLE 8: Businesses should promote inclusive growth and equitable
development Essential Indicators
1. Details of Social Impact Assessments ("SIA") of projects
undertaken by the entity based on applicable laws, in the current financial year.
We have not carried our social impact assessment.
2. Provide information on project(s) for which ongoing Rehabilitation
and Resettlement ("R&R") is being undertaken by your entity
Our company has not undertaken ongoing rehabilitation and resettlement
as this is not applicable to us being an IT company.
3. Describe the mechanisms to receive and redress the grievances of the
community
Our Company implements CSR projects through implementing agencies. We
attend events conducted by CSA, our implementation agency for CSR where we interact with
children from vulnerable group. By meeting the children, we try to understand the
concerns, if any, of the children from vulnerable group so that we can address these
concerns.
4. Percentage of input material (inputs to total inputs by value)
sourced from suppliers
Particulars |
FY 2022-23 (Current
Financial Year) |
FY 2021-22 (Previous
Financial Year) |
Directly sourced from MSMEs/
small producers |
Not
tracked |
Sourced directly from within
the district and neighbouring districts |
Leadership Indicators
1. Provide details of actions taken to mitigate any negative social
impacts identified in the Social Impact Assessments (Reference: Question 1 of Essential
Indicators above):
Not Applicable
2. Provide the following information on CSR projects undertaken by your
entity in designated inspirational districts as identified by government bodies:
None
3. (a) Do you have a preferential procurement policy where you give
preference to purchase from suppliers comprising marginalized /vulnerable groups
Rs. (Yes/No)
No
(b) From which marginalized /vulnerable groups do you procure Rs.
None
(c) What percentage of total procurement (by value) does it constitute
Rs.
0%
4. Details of the benefits derived and shared from the intellectual
properties owned or acquired by your entity (in the current financial year), based on
traditional knowledge:
Not Applicable
5. Details of corrective actions taken or underway, based on any
adverse order in intellectual property related disputes wherein usage of traditional
knowledge is involved:
Not Applicable
6. Details of beneficiaries of CSR Projects:
Sr. No. CSR
Project |
No. of persons benefited
from CSR Projects |
% Of beneficiaries
from vulnerable and marginalized group |
1 Promoting education,
including special education and employment enhancing vocation skills especially among
children, women, elderly and the differently abled and livelihood enhancement projects.
Project implemented through: Catalysts for Social Action |
1,141 |
100% |
2 Providing free of cost
treatment at its chain of hospitals to children having congenital heart diseases. Project
implemented through: Sri Sathya Sai Health & Education Trust |
21 |
100% |
PRINCIPLE 9: Businesses should engage with and provide value to their
consumers in a responsible manner Essential Indicators
1. Describe the mechanisms in place to receive and respond to consumer
complaints and feedback
Our Company provides and operates a 24 x 7 service desk (Help Desk) to
act as the principal interface between our Company and the customer for all aspects of
service support including:
Incident Management
Problem Management
Technical support
The first contact and updates are communicated via a method agreed with
the customer at the time of initial contact, such as:
Telephone call;
Email; or
Ticketing tool
Service Desk remains the single point of contact for all incidents,
problems or queries. Customers have a choice of escalating the matter to higher levels and
contact higher level resources directly, if need be.
Our customer support/complaint and feedback, includes:
Receive, identify, log and rectify Incidents in accordance with
the Service Levels
Allocate unique Trouble Ticket References to all calls which are
received.
Escalate Incidents if they are not resolved within agreed times;
Prepare monthly statistics on Incidents for Service review
meeting purposes; and
Co-operate with the Customer or Third Parties as appropriate in
the resolution of incidents that may or may not be within the Service Boundary.
2. Turnover of products and/ services as a percentage of turnover from
all products/service that carry information about
Not Applicable
3. Number of consumer complaints in respect of the following
None
4. Details of instances of product recalls on account of safety issues
Not Applicable
5. Does the entity have a framework/ policy on cyber security and risks
related to data privacy Rs. (Yes/No) If available, provide a web-link of the policy.
Yes, we take information security and privacy seriously and have
implemented appropriate measures to safeguard both internal data and the data our
customers entrust us with. To achieve this, we continue to maintain continuous adherence
to global standards which demonstrates our ability to deliver solutions and services
effectively and consistently to customers.
https://w3.accelva.com/wp-content/uploads/2023/07/Data-Privacv-Policv.pdf
6. Provide details of any corrective actions taken or underway on
issues relating to advertising, and delivery of essential services; cyber security and
data privacy of customers; re-occurrence of instances of product recalls; penalty / action
taken by regulatory authorities on safety of products / services:
Not applicable
Leadership Indicators
1. Channels / platforms where information on products and services of
the entity can be accessed (provide web link, if available).
w3.accelya.com
2. Steps taken to inform and educate consumers about safe and
responsible usage of products and/or services.
Not Applicable
3. Mechanisms in place to inform consumers of any risk of
disruption/discontinuation of essential services.
We inform our customers in the event of any disruption/discontinuation
of essential services via e-mails.
4. Does the entity display product information on the product over and
above what is mandated as per local laws Rs. (Yes/No/Not Applicable) If yes, provide
details in brief. Did your entity carry out any survey with regard to consumer
satisfaction relating to the major products / services of the entity, significant
locations of operation of the entity or the entity as a whole Rs. (Yes/No)
Not applicable.
5. Provide the following information relating to data breaches:
a. Number of instances of data breaches along-with impact
Nil
b. Percentage of data breaches involving personally identifiable
information of customers Nil
Conservation of Energy
The range of activities of your Company require minimal energy
consumption and every endeavour has been made to ensure optimal utilization of energy and
avoid wastage through automation and deployment of energy-efficient equipment.
Your Company takes adequate measures to reduce energy consumption by
using efficient computer terminals and by using latest technology. The impact of these
efforts has enhanced energy efficiency. As energy cost forms a very small part of total
expenses, the financial impact of these measures is not material and measured.
Technology Absorption
Your Company, in its endeavour to obtain and deliver the best, adopts
the best technology in the field, upgrades itself continuously.
Research and Development (R&D)
Your Company has a well-equipped Research and Development team carrying
on research and development activities. The total expenditure incurred on Research and
Development during the year 2022-23 was ^ 346.26 lakhs.
Foreign exchange earning and outgo
During the year 2022-23, the foreign exchange earnings stood at ^
36,518.17 lakhs and foreign exchange outgo stood at ^ 4,536.33 lakhs.
For and on behalf of the Board of Directors
Gurudas Shenoy Managing Director
(DIN: 03573375) Place: Mumbai Date: 27th July, 2023
Saurav Adhikari Independent Director
(DIN: 08402010) Mumbai 27th July, 2023
|