CORPORATE GOVERNANCE

Audit Committee

In terms of provisions of Section 177 of the Companies Act, 2013 and Clause 49 of the Listing Agreement, the constitution of Audit Committee is as follows:

Name Category Chariman / Member
Mr. Prasannakumar Gawde Independent Director Chairman
Mr. Gautam Adhikari Chairman & Whole Time Director Member
Mr. MS Kapur Independent Director Member
Mr. Pritesh Rajgor Independent Director Member

The terms of the reference of the Committee are wide. Besides having access to all the required information from within the Company, the Committee acts as a link between the Statutory Auditors and the Board of Directors of the Company.

The brief description of terms of reference includes reviewing the audit and risk management function of the Company, recommending the appointment/ re-appointment and fixation of remuneration of the Auditors and reviewing the financial statements before submission to the Board.

Stakeholders

In terms of provisions of Section 178 of the Companies Act, 2013 and Clause 49 of the Listing Agreement, the constitution of Stakeholders’ Relationship Committee is as follows:

Name Category Chariman / Member
Mr. Prasannakumar Gawde Independent Director Chairman
Mr. MS Kapur Independent Director Member
Mrs. Kalindi Jani Woman Director Member
Mr. Pritesh Rajgor Independent Director Member

The Stakeholders’ Relationship Committee meets as and when required, to deal with the matters relating to monitoring and redressing the complaints from the stakeholders relating to non-receipt of Annual Report, dividend, etc.

Nomination and Remuneration Committee

In terms of provisions of Section 178 of the Companies Act, 2013 and Clause 49 of the Listing Agreement, the constitution of Nomination and Remuneration Committee is as follows :

Name Category Chariman / Member
Mr. Prasannakumar Gawde Independent Director Chairman
Mr. MS Kapur Independent Director Member
Mrs. Kalindi Jani Woman Director Member
Mr. Pritesh Rajgor Independent Director Member

The broad terms of reference of the Nomination and Remuneration Committee are to recommend the remuneration payable to Executive Directors of the Company.

Share Transfer Committee

In terms of Clause 49 of the Listing Agreement, the constitution of the Share Transfer Committee as follows :

Sr. No Name of Director Category Chariman / Member
1 Mr. Gautam Adhikari Chairman & Whole Time Director Chairman
2 Mr. Markand Adhikari Vice Chairman & Managing Director Member
3 Mrs. Kalindi Jani Woman Director Member

The Share Transfer Committee is empowered to consider and approve the physical transfer, transmission, transposition of the shares.