Gillette_India_Limited_AR_20

Annual Report 2019-20 14 Gillette India Limited materiality of events and dividend distribution policy which are available on the website of the Company at https://in.pg.com/india-governance- and-policies/gil/terms-and-policies/. The policy on Director’s appointment and remuneration including criteria for determining qualifications, positive attributes, independence of Director, and remuneration for Key Managerial Personnel has been appended as Annexure V to this Report. The dividend distribution policy has also been appended as Annexure VI to this Report. AUDITORS Kalyaniwalla & Mistry LLP, Chartered Accountants were appointed as Statutory Auditors of your Company at the 33 rd Annual General Meeting held on November 15, 2017 for a term of five consecutive years. The Report given by Kalyaniwalla & Mistry LLP, Statutory Auditors on the financial statements of the Company for Financial Year ended June 30, 2020 is part of this Report. There has been no qualification, reservation or adverse remark given by the Auditors in their Report. SECRETARIAL AUDIT Secretarial Audit was carried out by Dholakia & Associates LLP, Company Secretaries for the Financial Year 2019-20. There were no qualifications, reservation or adverse remarks given by Secretarial Auditors of the Company. The Secretarial Audit report has been appended as Annexure VII to this Report. SECRETARIAL STANDARDS During the Financial Year, your Company has complied with mandatory Secretarial Standards issued by the Institute of Company Secretaries of India. TRADE RELATIONS The Directors wish to thank the distributors, wholesalers, retailers, suppliers, clearing and forwarding agents and all other business associates and acknowledge their efficiency and continued support in promoting such healthy growth in the Company’s business. ACKNOWLEDGEMENT The Directors wish to thank the Company's consumers, employees and Shareholders for their support and contributions in the growth of the Company. We are also grateful to The Procter & Gamble Company, USA and its subsidiaries for their invaluable support in terms of access to the latest information/ knowledge in the field of research & development for products, ingredients and technologies; timely inputs to exceptional marketing strategies; and the goodwill of its world-renowned trademarks and superior brands. On behalf of the Board of Directors B. S. Mehta Chairman Mumbai, August 26, 2020