Committees of the Board

The Board of Directors of the Company has constituted three Committee viz, Audit Committee, Nomination & Remuneration Committee & 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

As on 31st March, 2018 the Audit Committee comprised of two Independent & one Executive Directors. Mr. Pradeep Kumar Agarwal is the Chairman and Mr. Rajeev Kothari & Mr. Jitendra Kumar Goyal 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
Mr. Pradeep Kumar Agarwal Chairman-Non-Executive Independent Director 4 4
Mr. Rajeev Kothari Non-Independent Executive Director 4 4
Mr. Jitendra Kumar Goyal Non-Executive Independent Director 4 4

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.

Ms. Pooja Kalanouria, Company Secretary of the Company acts as the secretary to the Committee.

Function of the Committee include:


In terms of the provisions of Section 178 of the Companies Act, 2013, the Board renamed the Committee from Remuneration Committee to Nomination and Remuneration Committee at the Board Meeting held on 09.05.2014.

The Criteria for evaluation of performance of Independent Directors has been formulated by the Committee.

Pursuant to the provisions of the Companies Act, 2013 and Listing Regulation, the Committee was re-constituted . As on 31.03.2018 it constituted of Mr. Jitendra Kumar Goyal, Chairman- Non-executive- Independent Director and Mr. Pradeep Kumar Agarwal, Non-Executive – Independent Director. During the year under review meeting of the Committee were held on 06th April, 2017 and 08th February, 2018 which was attended by all the members of the committee.

Function of the Committee include:


The Committee comprises of two Independent Directors and one non-executive Director. Ms Pooja Kalanouria, Company Secretary and Compliance Officer, is the Secretary of the Committee. The Committee held one meeting during on 08th February, 2018.