Composition Of Board Of Directors
Two of the independent directors of the Company including women director resigned from the Board of the Company on March 31, 2025. The Management of the Company is committed to fill the vacancy of women director caused due to resignation within three months in compliance with the SEBI Listing Regulations and the Companies Act, 2013.
The present Composition of the Board of Directors of the Company is as:
| Category | No. of Directors |
| Non-Executive/Independent Directors
Executive Director Non-Executive/Non-independent Director |
2
1 1 |
| Total Directors on the Board | 4 |
Brief Profile Of Directors On The Board
Mr. Nitin Minocha : Non-executive/Non-independent Director
Mr. Nitin Minocha is BE Mechanical (Barkat Ullah University) , MBA Finance (ICFAI) and CFA (ICFAI) by qualification. Mr. Nitin Minocha has vast experience of over 28 years in the field of corporate finance.
Mr. Ratish Tagde: Non-executive Independent Director
Mr. Ratish Tagde is a qualified Company Secretary from Institute of Company Secretaries of India reflecting strong leadership qualifications with over 30 years of experience in Company Secretarial functions in medium sized enterprises. His core competence lies in Corporate Restructuring and Corporate Governance.
The Director has been appointed for first tenure of five years effective December 26, 2024
Mr. Gaurav Ranjeet Dulgaj, Non-executive Independent Director
An under graduate Mr. Gaurav Ranjeet Dulgaj has knowledge and experience of finance and international business.
The Director has been appointed for first tenure of five years effective February 22, 2025
Mr. Rajesh Chandrakant Veturekar, Executive Director
An under graduate Mr. Rajesh Chandrakant Veturekar has knowledge and experience of finance and international business
The Director has been appointed as Executive Director for five years effective February 22, 2025 on remuneration as may be approved by the board subject to the limits as provided in Schedule V of the Companies Act, 2013
Composition of Committees
In terms of SEBI Listing Regulations and the Companies Act, 2013, the Company has constituted following committees:
Audit Committee
The composition of Audit Committee of the Company is as follows:
| Name of the Member | Nature of Membership |
| Mr. Ratish Tagde – Non-executive, Independent Director | Member |
| Mr. Gaurav Ranjeet Dulgaj – Non-executive Independent Director | Member |
| Mr. Nitin Minocha- Non-executive non-independent Director | Member |
Regular Meetings of Audit Committee held in compliance with the Listing Regulations and the Companies Act. The role of Audit committee are as specified in the Listing Regulations and as provided in the Companies Act.
Nomination And Remuneration Committee
The composition of Nomination and Remuneration Committee of the Company is as follows:
| Name of the Member | Nature of Membership |
| Mr. Ratish Tagde – Non-executive, Independent Director | Member |
| Mr. Gaurav Ranjeet Dulgaj – Non-executive Independent Directo | Member |
| Mr. Nitin Minocha- Non-executive non-independent Director | Member |
The Committee meets at least once in a financial year in compliance with the Listing Regulations and the Companies Act. The role of Nomination and Remuneration Committee are as specified in the Listing Regulations and as provided in the Companies Act.
Stakeholders Relationship Committee
The composition of Stakeholders Relationship Committee of the Company is as follows:
| Name of the Member | Nature of Membership |
| Mr. Ratish Tagde – Non-executive, Independent Director | Member |
| Mr. Gaurav Ranjeet Dulgaj – Non-executive Independent Director | Member |
| Mr. Nitin Minocha- Non-executive non-independent Director | Member |
The Committee meets at least once in a financial year in compliance with the Listing Regulations and the Companies Act. The role of Stakeholders Relationship Committee are as specified in the Listing Regulations and as provided in the Companies Act.
