Board of Directors

The Board of Directors comprises of persons with adequate experience, qualifications, knowledge and diversified expertise relevant to the diversified business operations of the Company and its subsidiaries.

The Board of Directors comprises of Six Directors, out of which, five (5) Directors are Independent Directors and one (1) is a Non Independent – Non Executive Director.

Independent Independent Directors have made annual declaration confirming their independence. All directors make requisite timely disclosures as per the requirements the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Terms and Conditions of appointment of Independent Directors

Terms and Conditions of appointment of Independent Directors

Remuneration to Non-Executive Directors

Remuneration to Non-Executive Directors are paid by way of sitting fees for attending the Board and Committee meetings of such amount as approved by the Board of Directors from time to time within the limit stipulated under the provisions of Companies Act, 2013.

Familiarization Programme for Board Members

Upon induction of a Director, the Company undertakes orientation exercise to familiarize Directors about the Company’s business operations, products, corporate objectives, financial performance, management structure, compliance etc. to facilitate such Director to appreciate his/her role, responsibility, rights and duties. Periodically, the Board Members are provided with necessary documents/literatures/ reports and policies to familiarize them with the Company’s business, procedures and practices. Periodic presentations are also made by the Business Heads of the major operating subsidiaries which include the updates on business and performance, business scenario, risks and actions plan for their mitigations. The Board is also briefed regarding relevant regulatory changes concerning the business and their impact.

The Board has adopted a Familiarization Programme for the Independent Directors, the details whereof may be downloaded from pdf

Committees of the Board

The The Board has constituted following Committees in line with the requirements of Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Audit Committee

This Committee has three members. Mr. Manoj T. Shroff, Independent Director is the Chairman of the Audit Committee.

Mr. Sanjib Ranjan Maity and Mr. Pradyut Meyur, are the other members of the Audit Committee.

Nomination and Remuneration Committee (NRC)

NRC comprises of Four members. Mr. Manoj T. Shroff, Independent Director, is the Chairman of the NRC. Mr. Sanjib Ranjan Maity, Mr. Pradyut Meyur and Mr. Rajesh Kumar Bagri are other three members of the Committee

Stakeholders’ Relationship Committee (SRC)

SRC has Four members viz., Mr. Manoj T. Shroff, Mr. Sanjib Ranjan Maity, Mr. Pradyut Meyur and Mr. Rajesh Kumar Bagri. Mr. Manoj T. Shroff is the Chairman of the Committee.

The details as to terms of reference, meetings etc. are provided in the Annual Report under section pertaining to Corporate Governance.