CORPORATE GOVERNANCE

Board of Directors

Mr. Markand Adhikari, Managing Director
Dr. Ganesh P. Raut, Independent Director
Mr. M Soundara Pandian, Independent Director
Mr. Umakanth Bhyravajoshyulu, Independent Director

Audit Committee

In terms of provisions of Section 177 of the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015, the constitution of Audit Committee is as follows:

Name Category Chariman / Member
Dr. Ganesh P Raut Non-Executive Independent Director Chairman
Mr. Umakanth Bhyravajoshyulu Non-Executive Independent Director Member
Mr. M. Soundara Pandian Non-Executive Independent Director Member
Mr. Markand Adhikari Executive 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 Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015, the constitution of Stakeholders’ Relationship Committee is as follows:

Name Category Chariman / Member
Mr. Umakanth Bhyravajoshyulu Non-Executive Independent Director Chairman
Mr. M Soundara Pandian Non-Executive Independent Director Member
Mr. Markand Adhikari Executive Director Chairman

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 Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015, the constitution of Nomination and Remuneration Committee is as follows :

Name Category Chariman / Member
Mr. M. Soundara Pandian Non-Executive Independent Director Chairman
Dr. Ganesh P Raut Non-Executive Independent Director Member
Mr. Umakanth Bhyravajoshyulu Non-Executive 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.