Date: Not Specified

KMP / Board / Auditor Changes

Audit Committee Constitution:

  • Constituted via Board Resolution dated August 10, 2026
  • Comprises:
  • Mrs. Jeevan Jyoti Volla (Chairman, Non-Executive Independent Director)
  • Vice Admiral (retd.) Satish Soni (Member, Non-Executive Independent Director)
  • Mr. Radhakrishana Garapati (Member, Chairman of the company)
  • Company Secretary acts as Secretary to the Committee
  • Chairman required to attend AGM to answer shareholder queries

Stakeholders Relationship Committee Constitution:

  • Formed via Resolution dated November 25, 2016
  • Comprises:
  • Mrs. Jeevan Jyoti Volla (Chairman, Non-Executive Independent Director)
  • Vice Admiral (retd.) Satish Soni (Member, Non-Executive Independent Director)
  • Mr. Radhakrishana Garapati (Member, Chairman of the company)
  • Company Secretary acts as Secretary to the Committee

Nomination and Remuneration Committee Constitution:

  • Formed via Resolution dated November 25, 2016
  • Comprises:
  • Mrs. Jeevan Jyoti Volla (Chairman, Non-Executive Independent Director)
  • Vice Admiral (retd.) Satish Soni (Member, Non-Executive Independent Director)
  • Lt. Gen. (retd.) Peruvemba Ramachandran Kumar (Member, Non-Executive Independent Director)
  • Company Secretary acts as Secretary to the Committee

Board Meeting Outcomes

Not Specified

Financial Results (Standalone & Consolidated)

Not Specified

Committee Functions and Responsibilities

Audit Committee Functions:

  • Oversight of financial reporting process and disclosure
  • Recommendation for appointment, remuneration of auditors
  • Approval of payments to statutory auditors for other services
  • Review of annual and half-yearly financial statements with management
  • Review of fund utilization from public/rights/preferential issues
  • Monitoring auditor independence and performance
  • Approval of related party transactions
  • Scrutiny of inter-corporate loans and investments
  • Valuation of undertakings/assets when necessary
  • Evaluation of internal financial controls and risk management systems
  • Review of internal audit function and findings
  • Investigation authority into matters specified under Section 177(4) of Companies Act 2013
  • Review of defaults in payments to depositors, debenture holders, shareholders, creditors
  • Review of whistle blower mechanism functioning
  • Approval of CFO appointment
  • Mandatory review of MD&A, related party transactions, management letters, internal audit reports, appointment/removal of chief internal auditor

Stakeholders Relationship Committee Functions:

  • Redressal of shareholder/investor complaints including:
  • Allotment and transfer of shares
  • Transmission, splitting of shares
  • Changing joint/single holding
  • Issue of duplicate shares
  • Non-receipt of share certificates, dividends, interest warrants, annual reports
  • Oversight of Registrar & Share Transfer Agent performance
  • Implementation and compliance of Insider Trading Code of Conduct

Nomination and Remuneration Committee Functions:

  • Identification and recommendation of qualified directors and senior management
  • Formulation of criteria for director qualifications and independence
  • Recommendation of remuneration policy for directors, KMPs, and employees
  • Formulation of performance evaluation criteria for independent directors and board
  • Devising board diversity policy
  • Decision on extension of independent director terms
  • Determination of remuneration package for Managing Director/Executive Director
  • Decision on salary, allowances, perquisites, bonuses, notice period, severance fees for Executive Directors
  • Implementation of Performance Linked Incentive Scheme (including ESOP)
  • Determination of commission payable to Whole-time Directors
  • Review of total remuneration package for Executive Directors
  • Formulation and administration of Employee Stock Option Scheme

Operational Details

Audit Committee Meeting Requirements:

  • Minimum four meetings per year
  • Maximum 120 days between meetings
  • Quorum: Two members or one-third of members (whichever is higher), with minimum two Independent members

Stakeholders Relationship Committee Meeting Requirements:

  • Minimum four meetings per year
  • Maximum four months interval between meetings
  • Quarterly reporting to Board on complaint redressal status
  • Quorum: Two members

Nomination and Remuneration Committee Meeting Requirements:

  • Meetings as needed for managerial remuneration review
  • Quorum: One-third of total strength or two members (whichever is higher)
  • Chairperson may attend AGM to answer shareholder queries

Compliance Context

  • Committee formations comply with Section 177 of Companies Act, 2013
  • Audit Committee specifically constituted to comply with Regulation 18 of SEBI Listing Regulations, 2015
  • Preparation for upcoming equity share listing on NSE Main Board
  • Signed by Vijay Kumar Jonnada, Company Secretary & Compliance Officer (Membership No. A41810)