Arohan Annual Report FY 20-21

the Board of Directors, without the presence of Company Management. • There is a Woman Independent Director on the Board Arohan was recognised by the Institute of Company Secretaries of India at the 20 th ICSI National Awards for Excellence in Corporate Governance 2020, for being the Best Governed Company in the Unlisted Segment – Emerging Category. CAUTIONARY STATEMENT This document contains statements about expected future events, financial and operating results of Arohan, which are forward-looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that the assumptions, predictions and other forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause assumptions, actual future results, and events to differ materially from those expressed in the forward-looking statements. Accordingly, the above statements are subject to the disclaimer and qualified in its entirety by the assumptions, qualifications, and risk factors referred to in the management’s discussion and analysis of Arohan’s Annual Report, FY 2020-21. Management Discussion & Analysis 81