Committee Composition

The composition of the Board is in conformity with SEBI (LODR) Regulations, 2015 as well as the Companies Act, 2013. The Company has a Non-Executive Chairman and an optimum representation of independent Directors on the Board of Directors of the Company.

The composition of the Board of Directors of the Company as on 31st March 2020 is as follows :-

Category No. of Directors
Non-Executive/Independent Directors

Non-Executive/Promoter Directors

Executive Director (Managing Director & CEO)

Executive Director

2

2

1

1

Total 6
ROOM-min

Independent Directors

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Mr Sudhakar Mahabal Shetty (DIN 00249448) was appointed as Independent Director pursuant to the applicable provisions of the Companies Act, 2013 and the Listing Agreement for a period of 5 (Five) consecutive years from 1st April 2019 to 31st March 2024.

Mr Somnath Kashinath Wani (DIN 00292071 ) was appointed as Independent Director pursuant to the applicable provisions of the Companies Act, 2013 and the Listing Agreement for a period of 5 (Five) consecutive years from 30th September 2019 to 30th September 2024.

The Independent Directors have submitted declarations that they meet the criteria of independence as per the provisions of the Companies Act, 2013 and the SEBI (LODR) Regulations; a statement in this regard forms part of the Board’s Report. Further the Independent Directors have confirmed that they do not hold directorships in more than seven listed companies.

The details of nature of directorships, relationship inter-se, number of directorships and committee chairmanships/memberships held by them in other public companies are detailed below. Directorships of private limited companies, foreign companies, companies incorporated under Section 8 of the Companies Act, 2013 and alternate directorships have been excluded. For the purpose of considering the limit of committee memberships and chairmanships of a Director, Audit Committee and Shareholders/Investor Grievance Committees of public limited companies have been considered.

Audit Committee

The Audit Committee of the Company is constituted and functions in accordance with Section 177 of the Companies Act 2013 and other applicable provisions. The Members of the Audit Committee are financially literate and have requisite experience in financial management.

Name of the Member Nature of Membership No. of meetings held Attendance
Ms. Bina Shah, Chairperson Chairman 4 4
Ms. Meera Merchant,Member Member 4 4
Mr. Rajan K Desai, Member Member 4 4

Nomination And Remuneration Committee

Nomination and Remuneration Committee comprises of Mr Sudhakar Shetty, Non-Executive Independent Director as Chairman with Mr. Somnath Kashinath Wani, Non-Executive Independent Director and  Mr. Rajen Kapil Desai , Non Executive Non Independent Director as other Members.

Name of the Member Nature of Membership No. of meetings held Attendance
Ms. Meera Merchant, Chairperson Chairman 4 4
Ms.Bina Shah, Member Member 4 4
Mr. Rajan K Desai, Member Member 4 4
audit committee
Stakeholder-Relationship-Co

Stakeholders Relationship And Investor Grievance Committee

The nomenclature and terms of reference of Share Transfer cum Investor Relations Committee was changed to Stakeholders Relationship and investors Grievance Committee pursuant to Section 178 of the Companies Act, 2013 and Clause 49 of the Listing Agreement with Mr Sudhakar Mahabal Shetty, Non-Executive Independent Director as Chairman with Mr Subramaniam Krishnan , Executive Director and Mr K Rajen Desai, Non-Executive Director- Non Independent Director as other Members.

The terms of reference includes enquiring into and redress complaints of shareholders and investors and to resolve the grievance of security holders of the Company.

Name of the Member Nature of Membership No. of meetings held Attendance
Ms.Bina Shah, Chairperson Chairman 4 4
Mr. S. Krishnan, Member Member 4 4
Mr. Rajan K Desai, Member Member 4 4