COMMITTEES OF THE BOARD

The Board has constituted three committees of the Board – the Audit Committee, the Stakeholders’ Relationship Committee and the Nomination and Remuneration Committee.

The role and composition of these Committees are as follows:

I. AUDIT COMMITTEE:

The role and terms of reference of the Audit Committee are in accordance with Clause 49 of the Listing Agreement/ Regulation 17-27, 46 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 and Section 177 of the Companies Act, 2013. This, inter alia, includes the overview of Company’s financial process, review of quarterly, half yearly and annual financial statements, review of internal control and internal audit systems.

Composition of Audit Committee

Sno.      Name of the Director     Designation      Status whether Independent/Non-Independent
1.Yogesh PahujaChairmanNon-Executive and Independent
2.Manish Kumar GuptaMemberNon-Executive and Independent
3.Umesh Kashinath GawandMemberExecutive and Non-Independent

II. STAKEHOLDERS’ RELATIONSHIP COMMITTEE:

In compliance with the provisions of Section 178 of the Companies Act, 2013 and the Listing Agreement, the Committee has been renamed from the existing “Shareholders’ Grievances Committee” to the “Stakeholders’ Relationship Committee” and the same has been reconstituted.The Stakeholders’ Relationship Committee of the Company comprises of one Executive Director and two Non-Executive Directors. The Committee oversees all the matters relating to Shareholders’/ Investors’ grievances/complaints.

Composition of the Stakeholders’ Relationship Committee

Sno.      Name of the Director      Designation     
Status whether Independent/Non-Independent
1. Lalit Kumar PurohitChairmanNon-Executive and Non-Independent
2.Umesh Kashinath GawandMember
Executive and Non-Independent
3.Tejas Jayavant MhatreMember
Non-Executive and Non-Independent

III. NOMINATION AND REMUNERATION COMMITTEE:

The Company constituted a Nomination and Remuneration Committee comprising of 03 Non- Executive Directors out of which 02 Directors are hold their position under ‘Independent Category’. The Committee is responsible to recommend to the Board the compensation package for Executive Director(s) of the Company. While deciding on the remuneration for Directors; the said Committee considers the performance of the Company, the current trends in the industry and other relevant factors.

Composition of Nomination and Remuneration Committee

Sno.      Name of the Director      Designation
       Status whether Independent/ Non Independent
1.Tejas Jayavant MhatreChairmanNon- Executive and Non-Independent
2.Yogesh PahujaMemberNon- Executive and Independent
3.Manish Kumar GuptaMemberNon- Executive and Independent