About Us

Audit Committee:

Every listed company and such other class of Company i.e. company having paid up capital of 10 cr or more or, having turnover of 100 cr or more, or having in aggregate outstanding loans, debentures and deposits, exceeding fifty crore rupees shall mandatorily be required to constitute the Audit Committee comprising of minimum of three Directors with independent directors forming a majority. The Audit Committee of the Company compromises of following members:

Sr. No. Name of Member and Status Position in Committee
1. Mr. Ravindra Gajanan Karve Chairman
2. Mrs. Harini Narendra Dedhia Member
3. Mr. Mitesh Laxmikant Shethia Member

The committee assists the Boards in fulfilling their oversight responsibilities in respect of the integrity of financial statements; risk management; financial reporting process; internal control arrangements; compliance with legal and regulatory requirements; the performance, qualifications and independence of the internal/statutory auditors; and the performance of the internal/statutory audit function. The Committee is also responsible for making recommendations to the Boards on the nomination of and compensation payable to the internal and the statutory auditors. The Audit Committee is fully compliant and made aware with the rules regarding Audit Committees that are applicable under Companies Act, 2013.

Nomination & Remuneration Committee:
Every listed company and such other class of Company i.e. company having paid up capital of 10 cr or more or, having turnover of 100 cr or more, or having in aggregate outstanding loans, debentures and deposits, exceeding fifty crore rupees shall mandatorily be required to constitute the Nomination and Remuneration Committee comprising of three or more non-executive directors out of which not less than one-half shall be independent directors provided that the chairperson of the company (whether executive or non-executive) may be appointed as a member of the Nomination and Remuneration Committee but shall not Chair that Committee. The Nomination and Remuneration Committee of the Company compromises of following members:

Sr. No. Name of Member and Status Position in Committee
1. Mr. Ravindra Gajanan Karve Chairman
2. Mrs. Harini Narendra Dedhia Member
3. Mr. Mitesh Laxmikant Shethia Member
4. Mr. Bhavik Laxmikant Shethia Member

The Committee recommends to the Boards candidates for the positions of directors/KMP and one level below the KMP. The Committee deals with all elements of the remuneration package of directors and board performance evaluation and has prime responsibilities for timely succession planning; reporting on Board diversity, setting up of criteria for determining qualifications positive attributes and independence of director, recommending policy related to remuneration for directors/key managerial personnel/ other employees including oversight of corporate governance matters.

Corporate Social Responsibility Committee:
Every company having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during the immediately preceding financial year shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or more directors, out of which at least one director shall be an independent director.

The Corporate Social Responsibility Committee of the Company compromises of following members:

Sr. No. Name of Member and Status Position in Committee
1. Mr. Ravindra Gajanan Karve Chairman
2. Mrs. Harini Narendra Dedhia Member
3. Mr. Mitesh Laxmikant Shethia Member

Corporate Social Responsibility of the Company is responsible towards formulating and recommending to the Board, a Corporate Social Responsibility Policy which shall indicate the activities to be undertaken by the company in areas or subject, specified in Schedule VII of the Companies Act, 2013, recommending the amount of expenditure to be incurred on the activities specified under Schedule VII and to recommend the amount of expenditure to be incurred on the activities.