Company Policies, Committee Details and Governance Details

The charter of the Audit Committee is wide enough to cover the matters specified under Listing Regulations, the Reserve Bank of India Guidelines and Section 177 of the Companies Act, 2013.
The Audit Committee is responsible for the oversight of the Company’s financial reporting process to ensure that the information contained therein is correct, sufficient and credible. The Committee also reviews changes to accounting policy, approves new appointments to internal auditor positions, and monitors adherence to the Company’s Code of Ethics.

Mr. Kewal Kundanlal Handa

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  Ms. Sonal Modi
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  Mr. Prabhakar Dalal
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  Mr. Sanjay Kumar
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  Ms. Kemisha Soni

The Stakeholders’ Relationship Committee primarily works to redress and resolve the grievances of the security holders of the listed entity including complaints related to transfer/ transmission of shares, non-receipt of annual report, non receipt of declared dividends, issue of new/duplicate certificates or allotment letters, general meetings etc. It also reviews various measures and initiatives taken by the listed entity for reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend warrants/annual reports/statutory notices by the shareholders of the Company.

Mr. Prabhakar Dalal

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  Mr. Sunil Samdani
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  Ms. Sonal
  Modi
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  Mr. Sanjay Kumar

The Nomination and Remuneration Committee is responsible to formulate criteria for determining qualifications, positive attributes and independence of a director; evaluation of independent directors and the Board; to devise a Policy on remuneration including any compensation related payments of the directors, key managerial personnel and other employees and recommend the same to the Board of Directors of the Company etc.

Mr. Prabhakar Dalal

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  Mr. Kewal Kundanlal Handa
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  Mr. Rajeev Sardana
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  Ms. Sonal Modi

The Management Committee constituted by the Board of Directors is to execute Board’s directions and facilitate operational matters and to perform its executive role on matters which are within the purview of delegated powers by the Board from time to time subject to the provisions of the Companies Act, 2013. Such authorizations inter-alia includes to decide on matters w.r.t direct assignment deal with various banks from time to time, acceptance of term loans, credit facilities of any type, other borrowings etc., opening and closing of current/cash credit account and inclusion and deletion of the authorized signatories to the said current/ cash credit account opened in the name of the Company.

Mr. Rajeev Sardana

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  Mr. Arvind Kapil
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  Mr. Sunil Samdani
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  Ms. Sonal Modi
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  Mr. Sanjay Kumar

The Corporate Social Responsibility Committee has been entrusted with the responsibility of formulating and ensuring compliance of CSR Policy; identifying the CSR activities and the geographic distribution of CSR and structure for CSR implementation; execution, implementation, monitoring and reporting of CSR activities etc.

Ms. Kemisha Soni

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  Mr. Sunil Samdani
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  Ms. Sonal Modi
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  Mr. Prabhakar Dalal

The Asset Liability Committee reviews liquidity risk management through Asset Liability mismatches across various time buckets; management of market risks through articulation on current interest rate view & its future direction; funding and capital planning – source & mix of liabilities; forecasting and analysing ‘What if scenario’ and preparation of contingency plans through review of treasury strategy at regular interval; regulatory updates; product Pricing for borrowing; and review of Internal Capital Adequacy assessment.

Mr. Arvind Kapil

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  Mr. Sunil Samdani
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  Mr. Sanjay Kumar
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  Ms. Sonal Modi

The Management Committee constituted by the Board of Directors is to execute Board’s directions and facilitate operational matters and to perform its executive role on matters which are within the purview of delegated powers by the Board from time to time subject to the provisions of the Companies Act, 2013.
Such authorizations inter-alia includes to decide on matters w.r.t direct assignment deal with various banks from time to time, acceptance of term loans, credit facilities of any type, other borrowings etc., opening and closing of current/cash credit account and inclusion and deletion of the authorized signatories to the said current/ cash credit account opened in the name of the Company.

Mr. Arvind Kapil

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  Mr. Sunil Samdani
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  Ms. Sonal Modi
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  Ms. Kemisha Soni
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  Mr. Prabhakar Dalal

The Review Committee of the Company is constituted to align with the requirements of the Master Directions on Treatment of Wilful Defaulters and Large Defaulters issued by RBI. The purpose of the Review Committee is reviewing the proposal of the Identification Committee.

Mr. Arvind Kapil

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  Mr. Sunil Samdani
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  Mr. Rajeev Sardana
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  Mr. Sanjay Kumar
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  Ms. Sonal Modi

The Charter of the IT Strategy Committee broadly include approving IT strategy and policy documents and ensuring that the management has put an effective strategic planning process in place; ascertaining that management has implemented processes and practices that ensure that the IT delivers value to the business; periodically reviewing the process for development, approval and modification of the Company’s IT strategy and strategic plan; review the Information System audit report.

Mr. Rajeev Sardana

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  Mr. Arvind Kapil
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  Mr. Sunil Samdani
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  Ms. Sonal Modi
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  Ms. Kemisha Soni

The Customer Service Committee is constituted in accordance with RBI Directions. The Committee is responsible for review of periodic reports (including the analysis of complaints) on quarterly basis, review of cases where the decision of Internal Ombudsman has been rejected by the Company, approve and review of SOP of Customer Service processes and review the terms and conditions of appointment of Internal Ombudsman and recommend the same to the Board for approval.

Ms. Sonal Modi

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  Mr. Sunil Samdani
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  Ms. Kemisha Soni