Committees of Our Board

The provisions of the Companies Act, 2013 along with the SEBI Listing Regulations, with respect to corporate governance, will be applicable to our Company immediately upon the listing of the Equity Shares on the Stock Exchanges. Our Company is in compliance with the requirements of the applicable requirements for corporate governance in accordance with the SEBI Listing Regulations, and the Companies Act, 2013, including those pertaining to the constitution of the Board and committees thereof.

In terms of the SEBI Listing Regulations and the provisions of the Companies Act, 2013, our Company has constituted the following committees of the Board of directors:

  • Audit Committee
  • Nomination and Remuneration Committee
  • Stakeholders’ Relationship Committee; and
  • Corporate Social Responsibility Committee
  • A. Audit Committee

The Audit Committee was constituted by a resolution of our Board dated March 3, 2021. The constitution of the Audit Committee is in compliance with Section 177 of the Companies Act and Regulation 18 of the SEBI Listing Regulations. The current constitution of the Audit Committee is as follows:

Name of Director Position in the Committee Designation
Subhash Ambubhai Patel Chairman Independent Director
Manher Chimanlal Desai Member Independent Director
Chintan Nitinkumar Shah Member Managing Director
  • B. Nomination and Remuneration Committee

The constitution of the Nomination and Remuneration Committee is in compliance with Section 178 of the Companies Act and Regulation 19 of the SEBI Listing Regulations. The current constitution of the Nomination and Remuneration committee is as follows:

Name of Director Position in the Committee Designation
Manher Chimanlal Desai Chairman Independent Director
Subhash Ambubhai Patel Member Independent Director
Avani Rajesh Umatt Member Independent Director
  • C. Stakeholders’ Relationship Committee

The Stakeholders’ Relationship Committee was constituted by a resolution of our Board dated March 3, 2021. The constitution of the Stakeholders’ Relationship Committee is in compliance with Section 178 of the Companies Act and Regulation 20 of the SEBI Listing Regulations. The current constitution of the Stakeholders’ Relationship Committee is as follows:

Name of Director Position in the Committee Designation
Subhash Ambubhai Patel Chairman Independent Director
Shekhar Rasiklal Somani Member Whole Time Director
Manher Chimanlal Desai Member Independent Director
  • D. Corporate Social Responsibility Committee

The Corporate Social Responsibility Committee was re-constituted by a resolution of our Board dated March 3, 2021. The current constitution of the Corporate Social Responsibility committee is as follows:

Name of Director Position in the Committee Designation
Avani Rajesh Umatt Chairperson Independent Director
Subhash Ambubhai Patel Member Independent Director
Ajaykumar Mansukhlal Patel Member Whole Time Director