Committees

Audit Committee:

The scope and duties of Audit Committee shall be as per the provisions of Companies Act and as per Listing Regulation and as may be decided by Board.

The Committee comprises of the following members:

Name of the Director Status Nature of Directorship
Mr. Devendra J. Shrimanker Chairperson Non-Executive & Independent Director
Mrs. Sonal N. Doshi Member Non-Executive & Independent Director
Mrs. Padma V. Devarajan Member Non-Executive & Independent Director
Mr. Jaydev V. Sanghavi Member Executive Director

All the members of the Audit Committee are financially literate. The management is responsible for the Company’s internal controls and the financial reporting process while the statutory auditors are responsible for carrying out independent audits of the Company’s financial statements in accordance with the generally accepted auditing practices and for issuing reports based on such audits.

Stakeholders Relationship Committee:

The committee is primarily responsible for handling the work of Share Transfers and redress Investor Grievances.

The committee comprises of the following members:

Name of the Director Status Nature of Directorship
Mrs. Sonal N. Doshi Chairperson Non-Executive & Independent Director
Mr. Devendra J. Shrimanker Member Non-Executive & Independent Director
Mr. Jaydev V. Sanghavi Member Executive Director

The terms of reference of the committee are to monitor the response to investor questions and grievances, and approve share transfers, transmissions including review of cases for refusal of transfer / transmission of shares and debentures, queries and grievances.

Nomination and Remuneration Committee:

The Nomination and Remuneration committee comprises of the following members:

Name of the Director Status Nature of Directorship
Mr. Devendra J. Shrimanker Chairperson Non-Executive & Independent Director
Mrs. Sonal N. Doshi Member Non-Executive & Independent Director
Mrs. Padma V. Devarajan Member Non-Executive & Independent Director

To review, assess and recommend to the Board, the appointment of Whole time/ Executive Directors and the remuneration payable to them beside the quantum of sitting fees payable to Non-Executive Independent Directors. To consider and recommend human resource policies relating to compensation and performance of the key management personnel.

Corporate Social Responsibility (CSR) Committee:

The Corporate Social Responsibility (CSR) committee comprises of the following members:

Name of the Director Status Nature of Directorship
Mr. Virendra D. Sanghavi Chairperson Managing Director
Mrs. Sonal N. Doshi Member Non-Executive & Independent Director
*Mrs. Padma Devarajan Member Non-Executive & Independent Director
*Mr. Sharad S. Sanghi Member Non-Executive & Independent Director

The Committee will assist the Board and the Company in fulfilling its corporate social responsibility (“CSR”). The Committee has overall responsibility for: (i) identifying the areas of CSR activities; (ii) recommending the amount of expenditure to be incurred on the identified CSR activities; (iii) implementing and monitoring the CSR policy from time to time.

The Company Secretary of the Company shall act as the Secretary to the Committee.

(* The CSR Committee was reconstituted by the board in it's meeting held on February 11 2021.)