Corporate Governance

• Philosophy
• Board Of Directors
• Board Procedure
• Committees
• General Body Meetings/ Postal Ballot
• Disclosures
• Means of communications
• Code Of Conduct
• Quarterly Result
• Compliances
• Newspaper Publication

Audit Committee

BROAD TERMS OF REFERENCE:

1. The recommendation for appointment, remuneration and terms of appointment of auditors of the company;
2. Review and monitor the auditor’s independence and performance, and effectiveness of audit process;
3. Examination of the financial statement and the auditor’s report thereon;
4. Approval or any subsequent modification of transactions of the company with related parties;
5. Scrutiny of inter-corporate loans and investments;
6. valuation of undertakings or assets of the company, wherever it is necessary;
7. evaluation of internal financial controls and risk management systems;
8. monitoring the end use of funds raised through public offers and related matters.
9.  The role of Audit Committee shall inter alia include the roles as prescribed in clause 49 of the listing agreement.

COMPOSITION:

The Audit Committee comprises of three Directors, all of whom are Non-Executive, Directors. The Chairman of the Audit Committee possesses knowledge by corporate finance, accounts and company law.

The Audit Committee shall comprise of 3 (Three) directors as its members: