COMMITTES OF THE BOARD

COMMITTES OF THE BOARD
Audit Committee :

The Audit Committee comprises of three directors with independent directors forming a majority. All the members of the Audit Committee are financially literate and have ability to read and understand the financial statement. The Committee currently comprises of :

  • Shri Rajan Chowdhry, Non-executive Director– Chairman
  • Shri Shanti Narain, Non-executive Independent Director– Member
  • Ms. Shilpi Arora, Non-executive Independent Director– Member

The Committee shall meet as and when required. The Audit Committee shall function as per the provisions of Section 177, Section 138 and other applicable provisions of the Companies Act, 2013 read with the Rules as amended from time to time, which shall inter-alia include examination of financial statement and the auditor’s report; approval or any subsequent modification of transactions of the Company with related parties; recommendation for appointment, remuneration and terms of appointment of auditors of the Company; evaluation of internal financial controls and risk management systems etc.

Further, on the recommendation of the Committee, the Board of Directors has established a vigil mechanism for its Directors and Employees to report their genuine concerns in such manner as may be prescribed. The Vigil Mechanism provide for adequate safeguards against victimization of persons who use such mechanism.

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Nomination & Remuneration Committee :

The Nomination and Remuneration Committee comprises of four directors and half of the members are Independent Directors. The Committee currently comprises of :

  • Shri N. Sambasiva Rao, Non-executive Director - Chairman
  • Shri Rajan Chowdhry, Non-executive Director - Member
  • Shri Shanti Narain, Non-executive Independent Director - Member
  • Ms. Shilpi Arora, Non-executive Independent Director - Member

The Committee shall meet as and when required. The Committee shall function as per the provisions of Section 178 and other applicable provisions of the Companies Act, 2013 read with the Rules as amended from time to time. On the recommendation of the Committee, the Board of Directors had approved the policy relating to the remuneration for the directors, key managerial personnel and other employees.

Click here for Nomination and Remuneration Policy of the Company