Committees

COMMITTEES OF THE BOARD

The Board of Directors of the Company has constituted three Committees viz, Audit Committee, Nomination & Remuneration Committee and Stakeholders’ Relationship Committee. The minutes of the Committee Meetings are noted by the Board. The role and composition of the aforesaid Committees, including the number of meetings held and the related attendance of the members are given below:

AUDIT COMMITTEE

The Committee acts as a link between the management, auditors and the Board of Directors of the Company and has full access to financial information.

The terms of reference of the Audit Committee are as per the guidelines set out in the Listing Regulation with the Stock Exchanges read with Section 177 of the Companies Act, 2013.

As on 31st March, 2018 the Audit Committee comprised of three independent directors, Mr. Vidhu Bhushan Verma is the Chairman and Mr. Manoj Mundhra & Mr. Mahesh Kumar Kejriwal are the other two members of the Committee. All the members of the Committee have accounting or related financial management expertise.

During the year under review, four meetings of the committee were held on 29.05.2017, 12.08.2017, 11.11.2017 and 08.02.2018.The composition of the committee and attendance at its meeting is given below:

Name of the Director Category No. of Meetings Held No. of Meetings Attended
Mr. Vidhu Bhushan Verma Chairman Non-Executive Independent Director 4 4
Mr. Manoj Kumar Mundhara Non-Executive Independent Director 4 4
Mr. Mahesh Kumar Kejriwal ** Non-Executive Independent Director 4 4

Ms.Arpita Dey, Company Secretary of the Company acts as the secretary to the Committee.

Function of the committee include

Nomination and Remuneration Committee

As on 31st March, 2018 the Nomination & Remuneration Committee comprised of three Independent Directors. Mr. Vidhu Bhushan Verma is the Chairman and Mr. Manoj Mundhra & Mr. Mahesh Kumar Kejriwal are the other two members of the Committee. All the members of the Committee have accounting or related financial management expertise.

Terms of Reference of the Committee, inter alia, includes the following:

Meeting Details

The Committee held three meetings during the year 04th April, 2017 , 26th August, 2017 and 08th February, 2018. On meeting held on 5th October, 2016 the committee took the note of resignation of Ms Vishakha Mundra as the member of the committee w.e.f. 20th August, 2016 and discuss the necessarity of appointment of Mahesh Kumar Kejriwal.

Stakeholders Relationship Committee

The committee is headed by Mr. Vidhu Bhushan Verma (Non-Executive Independent Director) and Mr. Manoj Mundhara and Mr. Mahesh Kumar Kejriwal are the members of the committee. The Committee held one meeting during the year on 08th February, 2018. No Complaint had been received during the Financial Year 2016-17. The Company is registered with SEBI under SCORES.