Our Company stands committed to good corporate governance practices based on the principles such as accountability, transparency in dealings with our stakeholders, emphasis on communication and transparent reporting. We have complied with the requirements of the applicable regulations, including the Listing Agreement to be executed with the Stock Exchange and the SEBI Regulations, in respect of corporate governance including constitution of the Board and Committees thereof. The corporate governance framework is based on an effective independent Board, separation of the Board’s supervisory role from the executive management team and constitution of the Board Committees, as required under law.
We have a Board constituted in compliance with the Companies Act. The Board functions either as a full Board or through various committees constituted to oversee specific operational areas. Our executive management provides the Board detailed reports on its performance periodically.
Currently our Board has Seven (7) Directors. We have three (3) Executive Non-Independent Director, One (1) Non-Executive Non-Independent Director and Three (3) Independent Non Executive Directors. The Chairman of the Board is Mr. Deept Sarup Agarwal being Managing Director. The constitution of our Board is in compliance with the Companies Act, 2013.
The following committees have been formed in compliance with the corporate governance norms:
- Audit Committee
- Stakeholders Relationship Committee
- Nomination and Remuneration Committee