Name of the Director	Status
Mr.Gajendra kumar Patni	Non-Executive- Non-Independent Director- Chairman
Mr.Ashok Kumar Patni	Non-Executive- Non-Independent Director
Mr. Sushil Paharia	Non-Executive- Independent Director
Mr. Harish Chandra Tandon	Non-Executive- Independent Director

 

Nomination and Remuneration Committee

The Compensation and Remuneration Committee was set up on 28thJuly, 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:

Name of the Director	Status
Mr. Ashok Kumar Patni	Non-Executive- Non Independent Director
Mr. Harish Chandra Tandon	Non-Executive- Independent Director- Chairman
Mr. Sushil Paharia	Non-Executive- Independent Director
Mrs. Mona Bhide	Non-Executive- Women Director

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.