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

Nomination and Remuneration Committee

Terms of Reference of the Committee, inter alia, includes the following:

1. The Committee shall identify persons who are qualified to be directors and who can be appointed in senior management, recommend to the Board their appointment and removal and shall carry out evaluation of every director’s performance.
2. The Committee shall formulate the criteria for determining qualifications, positive attributes and independence of a director and recommend to the Board a policy, relating to the remuneration for the directors, key managerial personnel and other employees.
3. The Committee shall ensure:
   
   • The level and composition of remuneration is reasonable and sufficient to attract, retain and motivate the directors of the quality required to run the company successfully;
   • Relationship of remuneration to performance is clear and meets appropriate performance benchmarks; and
   • remuneration to directors, Key Managerial Personnel (KMP) and other senior management, employees keeping in mind appropriate performance bench mark; striking a balance between fixed and incentive pay etc.;
   
   
4. be responsible for evaluation of short and long term performance, objectives appropriate to the working of the company and goals of every director of Board.
5. The chairperson of the committee, or, in his absence, any other person member of the committee authorised by him in this behalf, shall attend the general meeting of the company. 
   
   In compliance with the above requirements as stipulated in Companies Act, 2013, the Company has formulated the basis for such compliance in the manner.
   
   The role of Nomination and Remuneration Committee shall inter alia include the roles as prescribed in clause 49 of the listing agreement.

COMPOSITION:
The Nomination & Remuneration Committee shall comprise of 3 (Three) directors as its members: