

Annual Report 2016-17
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107
In this report, the signs below, wherever they appear, denote the following:
Y – Present for the meeting in person
N – Absent for the meeting
AVC – Present for the meeting through Audio / Video Conferencing (May or may not be valid in terms of the
Companies Act, 2013.)
NA – Not Applicable being not a director at the time of meeting / Not Applicable being not a member of the Committee
at the time of meeting
Table 2: Attendance of Directors at the Board Meetings and Annual General Meeting
Name of the Director
¡
--------------------------- Board Meetings ---------------------------
¢
Annual
General
Meeting
held on
July 22,
2016
April 23 &
24, 2016
June 10,
2016
July 22 &
23, 2016
October 21
& 22, 2016
November
22, 2016
January
20 & 21,
2017
Dr. Anand Deshpande
Y
Y
Y
Y
AVC
Y
Y
Ms. Roshini Bakshi
Y
N
N
N
AVC
Y
N
Mr. Pradeep Bhargava
Y
N
Y
N
Y
Y
Y
Mr. Sanjay Bhattacharyya
Y
N
Y
Y
N
Y
Y
Dr. Anant Jhingran*
N
N
AVC
AVC
NA
NA
NA
Mr. Thomas Kendra
N
N
Y
AVC
AVC
Y
Y
Mr. Mritunjay Singh
Y
Y
Y
Y
Y
Y
Y
Mr. Prakash Telang
Y
N
Y
Y
Y
Y
Y
Mr. Kiran Umrootkar
Y
Y
Y
Y
Y
Y
Y
*
Ceased to be the Director of the Company w.e.f. November 3, 2016.
2. Committees of the Board of Directors
As on March 31, 2017, the Company has 6 (si[) Committees of the Board of Directors viz. Audit Committee, Compensation
and Remuneration Committee, Corporate Social Responsibility (CSR) Committee, Nomination and Governance
Committee, Stakeholders Relationship Committee and E[ecutive Committee. The Board Committees were represented
by a combination of E[ecutive and Independent Directors. The Chairman of all the Committees was an Independent
Director.
As per the charter of respective Committees, Committees deliberate on the matters assigned / referred to it by the
Board or as mandated by the statutes. Information and data that is important to the Committees to discuss the matter
is distributed in writing to the members of the Committees well in advance of the meeting. Recommendations of the
Committees are submitted to the Board to take decision on the matter requiring Board’s decision. In any case, the
minutes of all Committee meetings are circulated to the Board members for information / noting.
The members of the Committee who are not able to participate in the meeting physically, generally participate through
tele-conferencing.
A. Audit Committee
Brief description
An Audit Committee was voluntarily constituted by the Board at its meeting held on April 23, 2004, even before the
Company was converted into a public limited company. The Committee was last re-constituted by the Board of Directors
at its meeting held on July 26, 2014.
The Audit Committee ensures prudent onancial and accounting practices, oscal discipline and transparency in onancial
reporting. In terms of one of its important terms of reference, the quarterly onancial statements are reviewed by the
Audit Committee and recommended to the Board for its adoption.