Corporate Governance

Board of Directors:

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 of Director Nature of Directorship Status in Committee
Dr. Ganesh P. Raut Non Executive Independent Director Chairman
Mr. M Soundara Pandian Non Executive Independent Director Member
Mr. Umakanth Bhyravajoshyulu 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' Relationship 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 Stakeholders’ Relationship Committee is as follows:

Name of Director Nature of Directorship Status in Committee
Mr. Umakanth Bhyravajoshyulu Non Executive Independent Director Chairman
Dr. Ganesh P. Raut Non Executive Independent Director Member
Mr. Markand Adhikari Executive Director Member

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 of Director Nature of Directorship Status in Committee
Mr. M Soundara Pandian Non Executive Independent Director Chairman
Mr. Umakanth Bhyravajoshyulu Non Executive Independent Director Member
Dr. Ganesh P. Raut 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.

Corporate Social Responsibility Committee

In terms of provisions of Section 135 of the Companies Act, 2013 and the Rules made thereunder, the constitution of Corporate Social Responsibility Committee is as follows:

Name of Director Nature of Directorship Status in Committee
Mr. Umakanth Bhyravajoshyulu Non Executive Independent Director Chairman
Mr. M Soundara Pandian Non Executive Independent Director Member
Mr. Markand Adhikari Executive Director Member

The broad terms of reference of the Corporate Social Responsibility Committee are to promote a culture that emphasizes and sets high standards for corporate social responsibility and reviews corporate performance against those standards.