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Committees |
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AUDIT COMMITTEE
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REMUNERATION COMMITTEE |
This Committee has been constituted for fixation of Remuneration of Executive Directors of the Company. The Committee review Company's Policy on specific remuneration package for the executive Directors including pension. rights, any compensation and approves the managerial remuneration as per the policy. |
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| Remuneration Policy |
| The remuneration policy is directed towards rewarding performance based on review of achievement on a periodical basis. The remuneration policy is in consonance with the existing Industrial practice. The remuneration structure of the Executive Directors comprises of salary, perquisites and allowances, contribution to provident fund and gratuity. |
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INVESTORS GRIEVANCE COMMITTEE |
| This Committee comprises of Sh. B.B. Singal, Sh. Neeraj Singal, Sh. A.K. Khushu and Sh. P.K. Aggarwal, Directors. This Committee has been constituted for Investors Grievances, suggest and monitors measure to improve investors satisfactions. Sh. B.B.Singal is the Chairman of the Committee. |
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| The board has designated Mr. O.P. Davra as the Compliance Officer. |
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| The total number of complaints received and replied to the satisfaction of Shareholders during the year under review were 37. All the complaints were disposed off and there were no complaints pending as on March 31, 2006, |
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| Share Transfer Committee |
| It approves the transfer and transmission of securities, issuance of duplicate share certificate. This Committee comprises of Sh. P.K. Aggarwal and Sh. O.P. Davra. |
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| Physical Mode |
| Transfer Equity shares in physical form are registered within a period of 15-20 days from the date of receipt. After transfer the Share Certificate are immediately sent. The Equity shares of the company are to be traded compulsorily in Demat mode w.e.f.20.09.2000, |
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| Dematerialised Mode |
| The Company's Equity Share are eligible for dematerialisation. The Company had signed Agreements with both the Depositories namely NSDL and CDSL. The Shareholders may therefore hold Compnay's Share in Electronic Mode. The company's ISIN No. for both the Depositories is INE824B01013. |
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COMMITTEE ON BORROWINGS |
| The Compnay has a Committee of Directors on Borrowings since 26-11-1996. |
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| Presently, the Committee consists of three Directors namely |
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