The Organization does not have any material non listed Indian subsidiary Company, whose turnover or net worth (paid up capital and free reserves) exceeds 20% of the consolidated turnover or net worth of the Company.
Also, the Audit Committee and the Board of Directors go through the consolidated financial statements of the company and its subsidiary companies on a regular basis.
The Audit Committee and the Board of Directors look into the related party transactions entered into by the Company including those with the subsidiary companies.
Details of percentage holding of the Company in the subsidiary companies:
|Name of the Subsidiary Company||Registered in||Holding percentage|
|Maketick Solutions(I) Pvt. Ltd.||India||100%|