Committees

Audit Committee

Audit Committee comprises of following three members out of which two are Non-Executive Independent Directors.

1.	Mr. Vinayak Jadhav	Chairman	Independent, Non-Executive Director
2.	Mr. Kishore Kharat	Member	Independent, Non-Executive Director
3.	Mr. Shivaji Akhade	Member	Managing Director

Mr. Pranvesh Tripathi is the Company Secretary & Compliance officer.

Vigil Mechanism:The Company has established Vigil Mechanism for Directors and Employees to report genuine concerns. The Mechanism is providing adequate safeguards against victimization of persons who use such mechanism and there is provision for direct access to the Chairperson of the Audit Committee in appropriate or exceptional cases. In case of repeated frivolous complaints being filed by a director or an employee, the audit committee may take suitable action against the concerned director or employee.

Nomination and Remuneration Committee:

Nomination and Remuneration Committee comprises of following three members:

1.	Mrs. Rajashri Sai	Chairperson	Independent Women Director
2.	Mr. Kishore Kharat	Member	Independent, Non-Executive Director
3.	Mr. Vinayak Jadhav	Member	Independent, Non-Executive Director

The powers and functions of the Nomination and Remuneration Committee cover the matters specified under the provisions of Section 178 of the Companies Act, 2013.

Executive Committee:

Executive Committee comprises of following members:

1.	Mr.Prakash Nimbalkar	Chairman	Independent, Non-Executive Director
2.	Mr.Shivaji Akhade	Member	Managing Director
3.	Mr. Sudhir Mungase	Member	Wholetime Director

To whom certain powers and duties has been delegated by the Board of Directors to oversee certain functions including but not limited to the following functions broadly:

1. To borrow monies.
2. To invest the funds of the company.
3. To grant loans or give guarantee or provide security in respect of loans.
4. To borrow & avail various credit facilities, loans from banks, financial institutions etc.
5. To recommend Board to take various decisions on financial commitments, roles etc.
6. To discuss on the financials and long term planning, strategic planning relating to business and its affairs of the company.
7. To monitor and control over all units and subsidiary companies operations.
8. Establishing control & supervision on all departments like production, sales. Purchase, HR, IT, Accounts and finance etc.
9. Discussions and decisions on purchase/sale of capital assets etc.
10. Discussions relating to acquisitions/ sale of units/ undertakings, negotiation with parties etc.
11. Business Developments and decisions to be taken in this respect.
12. Any other matter which the Board may from time to time deem fit.

Stakeholders Relationship Committee:

The Stakeholders Relationship Committee comprises of following members:

1.	Mr. Kishore Kharat	Chairman	Independent, Non-Executive Director
2.	Mr. Shivaji Akhade	Member	Managing Director
3.	Mr. Siddarth Razdan	Member	Nominee Director
4.	Ms. Aishwarya Shivaji Akhade	Member	Executive Director

This committee specifically looks into the Shareholders’ and Investors’complaints on matters relating to transfer of shares, non-receipt of annual report, non-receipt of dividend etc. In addition, the Committee also looks into matters that can facilitate better investor services and relations and other functions as specified under section 178 of the Companies Act, 2013

Compensation Committee :

Compensation Committee comprises of following members:

1.	Mr. Prakash Nimbalkar	Chairman	Independent, Non-Executive Director
2.	CA Vijay Thanawala	Member	Independent, Non-Executive Director
3.	Mr. Shivaji Akhade	Member	Managing Director

The purpose of Compensation Committee is to formulate the detailed terms and conditions of Employees Stock Option Scheme (ESOS) including the quantum of option to be granted, the condition for vesting of options, the exercise period, the eligibility criteria etc.

Corporate Social Responsibility Committee:

Corporate Social Responsibility Committee comprises of following members:

1.	Mr. Kishore Kharat	Chairman	Independent, Non-Executive Director
2.	Mr. Shivaji Akhade	Member	Managing Director
3.	Mr. Sudhir Mungase	Member	Whole Time Director
4.	Mrs. Rajashri Sai	Member	Independent Women Director

The powers and functions of the Corporate Social Responsibility Committee cover the matters specified under the provisions of Section 135 of the Companies Act, 2013 and rules made thereunder.

Risk Management Committee :

Risk Management Committee comprises of the following members:

1.	Mr. Kishore Kharat	Chairman	Independent, Non-Executive Director
2.	Mr. Shivaji Akhade	Member	Managing Director
3.	Mr. Sudhir Mungase	Member	Whole Time Director
4.	Mrs. Rajashri Sai	Member	Independent Women Director
5.	Mr. Vinayak Jadhav	Member	Independent, Non-Executive Director
6.	Mr. Venugopal Rao Pendyala	Member	Chief Executive Officer
7.	Mr. Uttam Kumar Biswas	Member	Chief Financial Officer

ESG Committee

1.	Mrs. Rajashri Sai	Chairman	Independent Women Director
2.	Mr. Shivaji Akhade	Member	Managing Director
3.	Ms. Aishwarya Shivaji Akhade	Member	Executive Director
4.	Mr. Venugopal Rao Pendyala	Member	Chief Executive Officer
5.	Mr. Uttam Kumar Biswas	Member	Chief Financial Officer
6.	Mr. Pranvesh Tripathi	Member	Company Secretary
7.	Mr. Rahul Chorghe	Member	GM HAD

POSH Committee

1.	Ms. Aishwarya Shivaji Akhade	Preceding Officer	Executive Director
2.	Dr. Caroline De Valter	External Member	External Member
3.	Mr. Pranvesh Tripathi	Member	Company Secretary
4.	Mr. Rahul Chorghe	Member	GM HAD