Event Details
The Board of Directors of Macfos Limited, at its meeting held on 28-10-2026, approved the voluntary constitution of the Risk Management Committee with immediate effect.
Committee Composition
The Risk Management Committee consists of the following members:
- Binod Prasad (Whole-time Director) - Chairperson
- Atul Maruti Dumbre (Managing Director) - Member
- Ravi Kant Jagetiya (Independent Director) - Member
Terms of Reference
The Committee's responsibilities include:
- Formulating a detailed risk management policy covering framework for identification of internal and external risks including financial, operational, sectoral, sustainability/ESG, information and cyber security risks
- Implementing measures for risk mitigation and business continuity planning
- Ensuring appropriate methodologies, processes and systems are in place to monitor and evaluate business risks
- Monitoring and overseeing implementation of the risk management policy
- Evaluating adequacy of risk management systems
- Periodically reviewing the risk management policy at least once every two years
- Keeping the Board informed about discussions, recommendations, and actions
- Reviewing appointment, removal and terms of remuneration of Chief Risk Officer (if any)
- Performing other functions delegated by the Board
Meeting Requirements
The Committee shall meet at least twice a year, with not more than 180 days between two consecutive meetings. Quorum requires two members or one-third of members (whichever is higher), including at least one Board member present.
Board Meeting Details
The Board meeting commenced at 03:30 PM (IST) and concluded at 04:00 PM (IST) on 28-10-2026.
Additional Information
This intimation is available on the Company's website at www.robu.in. The disclosure is signed by Sagar Subhash Gulhane, Company Secretary & Compliance Officer (CS DCG (ICSI)), from Pune on 28-10-2026.