Audit Committee

The Audit Committee comprises of Mr. Harish Chandra Tandon, Mr. Sushil Paharia, Mr. Anshuman Jagtap and Mrs. Mona Bhide.

Terms of Reference

The Terms of Reference of this Committee covers the matters specified for Audit Committee under Regulation 18 of SEBI (LODR) Regulation, 2015 as well as in Section 177 of the Companies Act, 2013.

The names of the members of the Audit Committee are as under:

Stakeholders Relationship Committee

The existing Shareholders/Investors Grievance Committee has been renamed as "Stakeholders Relationship Committee by the Board of Directors at its meeting held on 30th May 2014 in compliance to provisions of Section 178 of the Companies Act, 2013 and pursuant to Regulation 20 of SEBI (LODR) Regulation, 2015. This committee comprising of four Members, 2 (Two) Non-Executive Non-Independent Director and 2 (Two) Non-Executive- Independent Directors. Mr. Gajendrakumar Patni, being Non-Executive Non-Independent Director is the Chairman of this Committee.

The names of the members of the Stakeholders Relationship Committee are as under:

Nomination and Remuneration Committee

The Compensation and Remuneration Committee was set up on 28th July, 2007, by merging the Compensation Committee with Remuneration Committee. The Board of Directors at its meeting held on 21st May, 2014 amended and altered the nomenclature of this existing committee to "Nomination and Remuneration Committee in compliance to provisions of Section 178 of the Companies Act, 2013 and pursuant to Regulation 19 of SEBI (LODR Regulation, 2015. This committee comprising of Mr. Harish Chandra Tandon as the Chairman of the Committee, Mr. Sushil Paharia, and Mrs. Mona Bhide and Mr. Ashok Kumar Patni.

The role of the Committee is

• Formulating the criteria for determining the qualifications, positive attributes and independence of Directors and recommend to the Board a policy, relating to the remuneration of the Directors, Key Managerial Personnel and other employees;
• Formulation of criteria for evaluation of Independent Directors and the Board;
• Devising a policy on Board diversity;
• Identifying persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down and recommend to the Board their appointment and removal. The company shall disclose the remuneration policy and the evaluation criteria in its Annual Report.
• Reviewing succession plans for senior management.
• To determine/review the Company policy on specific remuneration packages for Executive/Managing Director/Whole-time Directors of the Company and also;
• To review the overall compensation structure and policies of the Company to attract, motivate and retain employees as well as to consider grant of stock options to permanent employees of the Company, its Directors (including Whole-time Directors) of the Company.

The Nomination and Remuneration Committee comprises of the following Directors:

Corporate Social Responsibility Committee (CSR Committee)

Pursuant to the provision of Section 135 of the Companies Act, 2013, the Company has constituted a Corporate Social Responsibility (CSR)Committee.

Activities prescribed under Schedule VII of the Companies Act, 2013, that may include by the Company in its CSR policy such as:-

* Eradicating extreme hunger and poverty.
* Promotion of education.
* Promoting gender equality and empowering women.
* Reducing child mortality and improving maternal health.
* Combating human immunodeficiency virus acquired immune deficiency syndrome, malaria and other diseases.
* Ensuring environmental sustainability.
* Employment enhancing vocational skills.
* Social business projects.
* Contribution to the prime minister's national relief fund or any other fund set up by the central government or the state governments for socio-economic development and relief and funds for the welfare of the scheduled castes, the scheduled tribes, other backward classes, minorities and women.
* Such other matters as may be prescribed

The CSR Committee comprises of the following Members