In compliance with the provision of Section 178 of the Companies Act, 2013 and the Listing Agreements with the Stock Exchanges the Board has renamed the existing “Compensation and Remuneration Committee” as the “Nomination and Remuneration Committee”.

Sr. No

Name

Composition

Designation

1

Mr. Kranti Sinha

Chairman

Independent Director

2

Mr. Nilesh Vikamsey

Member

Independent Director

3

Mr. Arun Kumar Purwar

Member

Independent Director


Terms of Reference of Nomination & Remuneration Committee


  1. Succession planning of the Board of Directors and Senior Management Employees;
  2. Identifying and selection of candidates for appointment as Directors / Independent Directors based on certain laid down criteria;
  3. Identifying potential individuals for appointment as Key Managerial Personnel and to other Senior Management positions;
  4. Formulate and review from time to time the policy for selection and appointment of Directors, Key Managerial Personnel and senior management employees and their remuneration;
  5. Review the performance of the Board of Directors and Senior Management Employees based on certain criteria as approved by the Board.

The Nomination and Remuneration Committee also administer the company’s Stock Option plans. The stock options granted by the Committee are disclosed in detail in the Directors’ Report.