Page 151 - Hitachi IR 2025

Branch Auditors of any Branch Office of the
Company from time to time.
The Board of Directors at their Meeting held on
May 21, 2024 has appointed the following branch
auditors for the Branch Offices of the Company to
conduct the audit for the Financial year 2024-25:
Branch office of
the Company Name of Branch Auditors
Bangladesh Branch Md. Abdus Sattar Sarkar, FCA,
Partner of Mahfel Huq & Co.,
Chartered Accountants (Firm
Registration Number: P-46323)
Sri Lanka Branch Keerthi Mihiripenna & Co,
Chartered Accountants (Firm
Registration Number: WP 1419),
Colombo
Nepal Branch Shashi Satyal, Partner of TR
Upadhya & Co., Chartered
Accountants (Firm Registration
Number: 6)
21.  ENVIRONMENT, SOCIAL AND GOVERNANCE
COMMITTEE AND BUSINESS RESPONSIBILITY
AND SUSTAINABILITY REPORT (BRSR):
The Company is on a continuous improvement
journey for creating long-term value for
its stakeholders.
The Company has constituted Environment, Social
and Governance (ESG) Committee in the Board
Meeting held on October 22, 2021.
The details of the performance and reporting under
ESG as a part of mandatory disclosure from the
Financial year under review are included under the
Business Responsibility and Sustainability Report
forming part of the Board’s Report.
Further, the sustainability initiatives taken by the
Company including sustainable development goals
from an environmental, social and governance
perspective is available on the Company’s website
and can be accessed at https://www.hitachienergy.
com/in/en/sustainability/sustainability-overview.
22.  SIGNIFICANT AND MATERIAL ORDERS
PASSED BY THE REGULATORS OR COURTS OR
TRIBUNALS IMPACTING THE GOING CONCERN
STATUS OF THE COMPANY:
During the Financial year under review, no significant
and material orders were passed by the regulators
or courts or tribunals impacting the going concern
status of the Company.
23. DEPOSITS:
During the year under review, the Company has
neither invited nor accepted any deposits falling
under the ambit of Section 73 of the Act and the
Companies (Acceptance of Deposits) Rules, 2014
framed thereunder.
24.  PARTICULARS OF LOANS, GUARANTEES OR
INVESTMENTS:
During the Financial year under review, the Company
has not granted any Loans or made investments
within the meaning of Section 186 of the Act.
25. BORROWING LIMITS:
The existing borrowing limits of the Company as of
the beginning of the financial year 2024-25 was
`6,500 Crores (Rupees Six Thousand Five Hundred
Crores only) consisting of `1,500 Crores towards
fund based limits and `5,000 Crores towards non-
fund based borrowings facilities.
Considering the likely increase in business
opportunities and new orders in the near future
with high value projects in pipeline, the Board of
Directors of the Company at their Meeting held
on January 29, 2025, provided their approval
and recommended the same to the Shareholders
to increase the existing borrowing limits from
`6,500 Crores to `11,500 Crores by enhancing
the non-fund based limit by `5,000 Crores. It may
be noted that the proposal for increase was only
towards non-fund based limits and no increase was
sought for the already approved fund based limits
of `1,500 Crores. Accordingly, the Shareholders
of the Company provided their approval through
Postal ballot for increase of the aforementioned
non-fund based limits by `5,000 Crores on
March 23, 2025.
As a result, the borrowing limits has been increased
during the financial year from `6,500 Crores to
`11,500 Crores consisting of `1,500 Crores towards
fund based limits and `10,000 Crores towards non-
fund based borrowing facilities.
26. RELATED PARTY TRANSACTIONS:
The Board of Directors has adopted a Policy on
Related Party Transactions. The objective is to
ensure proper approval, disclosure and reporting of
transactions as applicable, between the Company
and any of its related parties. The Policy on Related
Party Transactions is available on the website of the
Company at https://www.hitachienergy.com/in/en/
investor-relations/corporate-governance#policies.
Particulars of the Contracts or Arrangements with
related parties referred to in Section 188(1) in
the format specified as Form AOC-2 forms part
of this Report as Annexure-E. Further details of
Related Party Transactions are provided in Notes
to financial statements.
Integrated Annual Report 2024-25
149