AUDIT COMMITTEE

The Audit Committee comprises of three Independent Non – Executive Directors, namely Mr. Surendra Singh Bhandari, Mr. Raj Kumar Bhargava, and Mr. Surinder Singh Kohli.

All members of the Audit Committee are financially literate and Mr. Surendra Singh Bhandari is Chartered Accountant with vast experience in the finance field.

The Committee regularly meets and keeps a watch on the adequacy of internal control system; it reviews financial results and the financial reporting systems and ensures that the financial statements of the company give a true and fair view of the company.

Mr. Raj Kumar Bhargava, Independent Non-Executive Director is the Chairman of the Committee. Mr. Vivek Jain, Company Secretary of the Company shall act as Secretary to the Committee.

 
STAKE HOLDERS RELATIONSHIP COMMITTEE

Share Transfer and Shareholders Grievance Committee comprise of Mrs. Meeta Makhan , Mr. Raj Kumar Bhargava and Mr. Sudhir Gupta. Company Secretary of the Company shall act as Secretary to the Committee.

Besides monitoring and approving bulk transfers, transmissions, splits and consolidation of shares and issuance of duplicate shares, it also pursues status of redressal of shareholders’ grievances.

 
NOMINATION AND REMUNERATION COMMITTEE

The Nomination and Remuneration Committee comprises of three Independent Non-Executive Directors, namely Dr. Lalit Bhasin, Mr. Raj Kumar Bhargava and Mr. Surendra Singh Bhandari. The terms of reference of the Committee is to determine, on behalf of the Board, the Company’s policy governing remuneration payable to whole-time directors, and recommend their remuneration subject to requisite approvals.

On the recommendations of the Committee, the Board, subject to requisite approvals, decides the remuneration of the whole-time directors. The Remuneration package of the whole time directors comprises of a fixed component viz. salary, perquisites and allowances and a variable component viz. commission on profits.

The Committee functions under the chairmanship of Dr.Lalit Bhasin.

 
Corporate Social Responsibility (CSR) Committee

The CSR Committee comprises of three Directors of the Board namely:

1. Mr. Sudhir Gupta,
2. Mr. Raj Kumar Bhargava
3. Mr. Surendra Singh Bhandari.

The Committee has formulated a CSR Policy, which has been approved and adopted by the Board. Every year, the Committee is supposed to identify the designated activities to be undertaken by the Company; ascertain the amount which the Company is supposed to spend on CSR activities in pursuance of Section 135(5) of the Act; allocate the amount of expenditure to be incurred on each of such activities and recommend how and through which institutions the activities should be undertaken.

The Committee functions under the chairmanship of Mr. Sudhir Gupta.

 
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