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AUDIT COMMITTEE

The Audit Committee has been formed as per the provisions of Companies Act, 2013 and also compliance with regulation 18 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Committee comprises of following three members:

     Name of the Member      Designation      Nature of Directorship
Kiran More Chairman Non- Executive and Independent Director
Mrs. Arti Purohit Member Non Executive Director
Harnish Amin Member Non Executive and Independent Director

Mr. Suresh Pindariya, Company Secretary of the Company shall act as the Secretary of the Committee.

The primary objective of the committee is to monitor and provide an effective supervision of the Management's financial reporting process, to ensure accurate and timely disclosures, with the highest levels of transparency, integrity and quality of financial reporting. The committee oversees the work carried out in the financial reporting process by the Management, Statutory Auditor, and notes the processes and safeguards employed by each of them. The committee has the ultimate authority and responsibility to select, evaluate and, where appropriate, replace the independent auditors in accordance with the law. All possible measures must be taken by the committee to ensure the objectivity and independence of the Statutory Auditor.

All the members of the Audit Committee are financially literate and at least one Member shall have accounting or related financial management expertise. The management is responsible for the Company’s internal controls and the financial reporting process while the statutory auditor is responsible for carrying out independent audits of the Company. The financial statements in accordance with the generally accepted auditing practices and as per Accounting Standard and for issuing reports based on such audits.

STAKEHOLDERS RELATIONSHIP COMMITTEE:

The Stakeholder Relationship Committee has been formed as per provisions of the Companies Act, 2013 and also Compliance with regulation 20 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Committee comprises of following three members:

     Name of the Member      Designation      Nature of Directorship
Kiran More Chairman Non- Executive and Independent Director
Mukund Purohit Member Managing Director
Harnish Amin Member Non Executive and Independent Director

Mr. Suresh Pindariya, Company Secretary of the Company shall act as the Secretary to the Committee.

The committee expresses satisfaction with the Company's performance in dealing with investor grievances, and in its share-transfer system.

The terms of reference of the committee are to maintain healthy relationship with stakeholder and also be monitoring the response to investor questions and grievances, and approving share transfers, transmissions including review of cases for refusal of transfer / transmission of shares and debentures, queries and grievances.

NOMINATION AND REMUNERATION COMMITTEE:

The Nomination and Remuneration Committee has been formed as per as per provisions of the Companies Act, 2013 and also in Compliance with regulation 19 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Committee comprises of following members:

     Name of the Member      Designation      Nature of Directorship
Mr. Kiran More Chairman Non- Executive and Independent Director
Mr. Ashokkumar Dave Member Non- Executive Director
Mrs. Arti Purohit Member Non- Executive Director

Mr. Suresh Pindariya, Company Secretary of the Company shall act as the Secretary of the Committee.

The purpose of the committee is to oversee the Company's nomination process for the top-level management and specifically to identify, screen and review individuals qualified to serve as executive directors, non-executive directors and independent directors consistent with criteria approved by the Board and to recommend, for approval by the Board, nominees for election at the AGM. The committee also makes recommendations to the Board on candidates for (i) nomination for election or re-election by the shareholders; and (ii) any Board vacancies that are to be filled. The committee may act on its own in identifying potential candidates, inside or outside the Company, or may act upon proposals submitted by the Executive Chairman of the Board. The committee will review and discuss all matters pertaining to candidates and will evaluate the candidates in accordance with a process that it sees fit and appropriate, passing on the recommendations for the nomination to the Board. The committee coordinates and oversees the annual self-evaluation of the performance of the Board and of individual directors in the governance of the Company. To consider and recommend human resource policies relating to compensation and performance of the key management personnel

 
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