Audit Committee

The Audit Committee presently comprises of three Directors, out of whom two are Independent and one is Non-Executive Director, as follows:

• Ms. Ameeta Chatterjee, Independent Director – Chairperson
• Mr. Nirmal Kumar Jain, Independent Director – Member
• Mr. Kantilal Narandas Patel, Non-Executive Director – Member .

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 Independent Directors and one is Executive Director as follows:

• Ms. Ameeta Chatterjee, Independent Director – Chairperson
• Mr. Nirmal Kumar Jain, Independent Director – Member
• Mr. Lalit Chandanmal Singhvi, Executive Director – Member

The broad terms of reference of the Committee are to review the 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.

Nomination & Remuneration Committee

The Nomination & Remuneration Committee comprises of three Directors, out of whom two are Independent Directors and one is Non-Executive Director as follows:

• Ms. Ameeta Chatterjee, Independent Director – Chairperson
• Mr. Nirmal Kumar Jain, Independent Director – Member
• Mr. Kantilal Narandas Patel – Non Executive Director – Member

The broad terms of reference of the Nomination & Remuneration Committee are to formulate the criteria for determining qualifications, positive attributes and independence of a director, to formulate the criteria for evaluation of performance of independent directors, to analyse, monitor and review various human resource and compensation matters. 

Corporate Social Responsibility Committee

The Corporate Social Responsibility Committee comprises of three Independent Directors, as follows:

• Ms. Ameeta Chatterjee, Independent Director – Chairperson
• Mr. Nirmal Kumar Jain, Independent Director – Member
• Mr. Gerard Earnest Paul Da Cunha, Independent Director – Member

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.

Risk Management Committee

The Risk Management Committee comprises of three Directors, out of which two are Independent Directors and two are Executive Directors as follows:

• Ms. Ameeta Chatterjee, Independent Director – Chairperson
• Mr. Nirmal Kumar Jain, Independent Director – Member
• Mr. Arun Sitaram Maheshwari, Member - Executive Director
• Mr. Lalit Chandanmal Singhvi, Member - Executive Director

The broad terms of reference of the Risk Management Committee are to oversee the Enterprise Risk Management framework and to periodically review the framework including cyber security, high risks items and opportunities which are emerging or where the impact is substantially changing.

Compensation Committee

The Compensation Committee comprises of three Independent Directors, as follows:

• Ms. Ameeta Chatterjee, Independent Director – Chairperson
• Mr. Nirmal Kumar Jain, Independent Director – Member
• Mr. Amitabh Kumar Sharma, Independent Director – Member

The broad terms of reference of the Compensation Committee are to administer, monitor and formulate the employee stock option scheme/plan approved by the Board and shareholders of the Company and to perform such other functions as may be required under the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.