Board Committee

In addition to the statutorily mandated Committees, the Board constitutes additional functional Committees from time to time to meet the operational business requirements.

 

Audit Committee

The Audit Committee presently comprises of five Non-Executive Directors, out of whom four are Independent Directors, as follows:

  • Mr. Chandan Bhattacharya, Chairman, Independent Director
  • Mr. Nirmal Kumar Jain, Non-Executive Director
  • Ms. Shailaja Chandra, Independent Director
  • Mr. Rakesh Nath, Independent Director
  • Ms. Sheila Sangwan, Independent Director

The Members possess adequate knowledge of Accounts, Audit, Finance, etc. The broad terms of reference of the Audit Committee are to review the financial statements before submission to the Board, review the reports of the Statutory and Internal Auditors, review the weaknesses in internal controls, if any, reported by Internal and Statutory Auditors, etc. In addition, the powers and role of the Audit Committee are as laid down under Section 177 of the Companies Act, 2013, and Regulation 18 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

 

Stakeholders’ Relationship Committee

The Stakeholders’ Relationship Committee presently comprises of three Directors, out of whom two are Non - Executive Directors and one Executive Director.as follows:

  • Mr. Chandan Bhattacharya, Chairman, Independent Director
  • Mr. Nirmal Kumar Jain, Non – Executive, Non- Independent Director
  • Mr. Prashant Jain, Jt. Managing Director & CEO

The broad terms of reference of the Committee are to review the quarterly reports on complaints, share transfers, unclaimed dividends, etc. submitted by the Registrar and Share Transfer Agent of the Company, periodically ascertain and look into the quality of the Company’s Stakeholders’ grievance redressal system, to follow-up on the implementation of suggestions for improvement, if any, to periodically report to the Board about serious concerns, if any, etc.

 

Compensation and Nomination & Remuneration Committee

The Compensation and Nomination & Remuneration Committee comprises of four Non-Executive Directors, out of whom three are Independent Directors, as follows:

  • Mr. Chandan Bhattacharya, Chairman, Independent Director
  • Ms. Sheila Sangwan, Independent Director
  • Mr. Nirmal Kumar Jain, Non-Executive, Non- Independent Director
  • Mr. Rakesh Nath, Independent Director

The broad terms of reference of the Compensation and Nomination & Remuneration Committee are to determine on behalf of the Board and on behalf of the Shareholders, the Company’s remuneration policy, carry out performance evaluation, recommending candidates for Board appointment, to formulate detailed terms and conditions of the plan / scheme in compliance with SEBI (Share Based Employee Benefits) Regulations, 2014 and as per Companies Act, 2013 and such other matters as may from time to time be required by any statutory, contractual or other regulatory requirements to be attended to by such Committee.

 

Corporate Social Responsibility Committee

The Corporate Social Responsibility Committee comprises of four Non-Executive Directors and one Executive Director as follows:

  • Ms. Sheila Sangwan, Chairperson, Independent Director
  • Mr. Prashant Jain, Jt Managing Director & CEO
  • Mr. Chandan Bhattacharya, Independent Director
  • Mr. Nirmal Kumar Jain, Non-Executive Director
  • Ms. Shailaja Chandra, Independent Director

The broad terms of reference of the Corporate Social Responsibility Committee are to recommend the amount of expenditure to be incurred on CSR activities and to monitor the CSR policy from time to time.