STAKEHOLDERS' RELATIONSHIP COMMITTEE
” RESOLVED THAT pursuant to Section 178 (5) and other applicable provisions, if any, of the Companies Act, 2013 (including any statutory modification(s) or re-enactment thereof, for the time being in force) read with the rules framed there under (the “Companies Act”) and Regulation 20 and other applicable provisions, if any of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, each as amended (“SEBI Listing Regulations”), the Stakeholders’ Relationship Committee of the Board of Directors of the Company, be and is hereby constituted as follows, with the terms of reference as set out below:
Composition of the Committee:
1. Mr. Sushil Kumar Sharma Independent Director (Chairperson)
2. Mr. Yudhvir Gupta Independent Director (Member); and
3. Mr. Puneet Pal Singh whole Time Director (Member)
Terms of Reference for the Stakeholders’ Relationship Committee:
The Stakeholders’ Relationship Committee shall be responsible for, among other things, as may be required under the applicable law, the following:
(1) Considering and specifically looking into various aspects of interest of shareholders, debenture holders and other security holders;
(2) Resolving the grievances of the security holders of the listed entity including complaints related to transfer / transmission of shares or debentures, including non-receipt of share or debenture certificates and review of cases for refusal of transfer / transmission of shares and debentures, non-receipt of annual report, non-receipt of declared dividends, issue of new/duplicate certificates, general meetings etc. and assisting with quarterly reporting of such complaints;
(3) Review of measures taken for effective exercise of voting rights by members;
(4) Investigating complaints relating to allotment of shares, approval of transfer or transmission of shares, debentures or any other securities;
(5) Giving effect to all transfer/transmission of shares and debentures, dematerialization of shares and re-materialization of shares, split and issue of duplicate/consolidated share certificates, compliance with all the requirements related to shares, debentures and other securities from time to time;
(6) Review of adherence to the service standards adopted by the listed entity in respect of various services being rendered by the registrar and share transfer agent of the Company and to recommend measures for overall improvement in the quality of investor services;
(7) Review of the various measures and initiatives taken by the listed entity for reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend warrants/annual reports/statutory notices by the members of the company; and
(8) Carrying out such other functions as may be specified by the Board from time to time or specified / provided under the Companies Act or SEBI Listing Regulations, or by any other regulatory authority.
RESOLVED FURTHER THAT the Stakeholders Relationship Committee shall meet at least once in a year.
RESOLVED FURTHER THAT the quorum for each meeting of the Stakeholders Relationship Committee shall be 02 members present.
RESOLVED FURTHER THAT the Chairperson of the Stakeholders Relationship Committee shall be present at general meetings of the Company, or in the absence of the Chairperson, any other member of the Stakeholders Relationship Committee authorized by the Chairperson in this behalf.
RESOLVED FURTHER That Mr. Sanjay Mehta, Managing Director and Mr. Puneet Pal Singh, Director of the Company be and are hereby severally authorized to do all such acts, things and deeds on behalf of the Company to effectively implement this resolution.
RESOLVED FURTHER THAT certified copies of this resolution be provided to those concerned under the hands of a Director or Company Secretary wherever required.”