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Annual Report 2016-17
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The Committee has the following powers and responsibilities including but not limited to
i.
To review onancial and risk management policies
ii. To review report on compliance of laws and risk management, reports issued by Statutory / Internal Auditors
The orst meeting of the newly formed Risk Management Committee will be held in July 2017.
F. Stakeholders Relationship Committee
Brief description
The Stakeholders Relationship Committee was constituted on October 4, 2007. The Committee was reconstituted during
onancial year 2016-17 by inducting Mr. Kiran Umrootkar, Director in place of Mr. Pradeep Bhargava, Director.
The Committee speciocally looks into the redressal of shareholders’ and investors’ grievances such as transfer of shares,
non-receipt of Balance Sheet, non-receipt of declared dividends, etc.
The Chairman of the Committee is an Independent Director. Table 15 gives the composition of the Stakeholders
Relationship Committee of the Board of Directors as on March 31, 2017.
Table 15: Composition of the Stakeholders Relationship Committee
Name of the Director
Category
Mr. Sanjay Bhattacharyya
Chairman of the Committee and Independent Director
Dr. Anand Deshpande
Chairman and Managing Director
Mr. Kiran Umrootkar
Independent Director
The Company Secretary is the Secretary of the Committee for the purpose of stakeholders’ related matters.
The Committee was constituted with the powers and responsibilities including but not limited to -
i.
To supervise and ensure efocient share transfers, share transmission, transposition, etc.
ii. To approve allotment, transfer, transmission, transposition, consolidation, split, name deletion and issue of duplicate
share certiocate of equity shares of the Company
iii. To redress shareholder and depositor complaints like non-receipt of Balance Sheet, non-receipt of declared
dividends, etc.
iv. To review service standards and investor service initiatives undertaken by the Company
v. To address all matters pertaining to Registrar and Share Transfer Agent including appointment of new Registrar
and Share Transfer Agent in place of e[isting one
vi. To address all matters pertaining to Depositories for dematerialization of shares of the Company and other matters
connected therewith and
vii. To attend to any other responsibility as may be entrusted by the Board within the terms of reference.
Meetings and attendance
The Committee meets as and when need arises. 2 (Two) meetings of the Committee were held during the onancial year
2016-17.
Table 16: Details of the attendance at the Stakeholders Relationship Committee meetings held during the onancial
year 2016-17
Name of the Director
¡
---------- Stakeholders Relationship Committee Meeting ----------
¢
April 23, 2016
October 21, 2016
Mr. Sanjay Bhattacharyya
Y
Y
Mr. Pradeep Bhargava
Y
NA
Dr. Anand Deshpande
Y
Y
Mr. Kiran Umrootkar
NA
Y