COMMITTEE

 

AUDIT COMMITTEE

Audit Committee of the Board of Directors of the Company comprises of three directors viz.

Mr. Pradeep Dhawan (Non-Executive Independent Director) – Chairman
Mr. Nilkanth Barot (Non-Executive Independent Director) – Member
Mr. Dinesh Parasram Mistry (Non-Executive Independent Director) – Member
Mr. Ramesh Bansal (Executive Director) – Member

The constitution of the Audit Committee meets the requirement of section 177 of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The terms of reference, role and power of the Audit Committee are in conformity with the guidelines as set out in the Regulations 18 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and as prescribed under section 177 of the Companies Act, 2013.

NOMINATION AND REMUNERATION COMMITTEE

Remuneration Committee comprises of three non-executive and independent directors viz. Mr. Pradeep Dhawan (Chairman), Mr. Dinesh Mistry (Member) and Mr. Nilkanth Barot (Member). The committee has been constituted to review/recommend the annual salaries, commission, service agreement and other employment conditions for the Executive/Whole time/Managing Directors.

The remuneration policy is directed towards rewarding performance, based on review of achievements on a periodical basis. The remuneration policy is in consonance with the existing industry practice.

STAKEHOLDERS RELATIONSHIP COMMITTEE

Shareholders’/Investors’ Grievance Committee comprises of three non-executive and independent directors viz. Mr. Pradeep Dhawan (Chairman), Mr. Dinesh Mistry (Member) and Mr. Nilkanth Barot (Member). The committee has been constituted to specifically look into redressal of shareholders’ and investors grievances such as transfer / transmission of shares, issue of new share certificates / duplicate share certificates, dividend, and de-materialization related matters.

The Company has also adopted a code of internal procedures and conduct for prevention of Insider Trading in the shares of the Company, pursuant to Securities & Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992, as amended from time to time. The Board has authorized the committee to monitor the compliances as required under the various Regulations as stipulated by the code.

RISK MANAGEMENT COMMITTEE

Risk Management Committee comprises of directors viz. Mr. Pradeep Dhawan (Chairman), Mrs. Sangeeta Bansal (Member) and Mr. Dinesh Mistry (Member).

The terms of reference, roles and responsibilities of the Committee are in conformity with the guidelines as set out in the Regulation 21 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.