Corporate Governance


BOARD COMMITTEES

The Board of the Company has appointed various Committees as per requirement of the Companies Act 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (the Listing Regulations).

AUDIT COMMITTEE

Audit committee of the Board comprises of 3 Non-Executive Directors. The Audit Committee comprises of Mr.Anil Goyal, Chairman of the Committee, Mr.Vijay Kumar Agarwal, both Independent Directors and Mr. Sunil Singhal, Non ExecutiveDirector.
The Role, powers and functions of the Audit Committee are as per requirement of the Companies Act 2013 and the Listing Regulations.

NOMINATION AND REMUNERATION COMMITTEE

Nomination and Remuneration Committee (the Committee) of the Board
comprises of 3 Non-Executive Directors. The Committee comprises of Mr.Vijay Kumar Agarwal, Chairman of the Committee, Mr.Anil Goyal both are Independent Directors and Mr.Sunil Singhal, Non-Executive Director.
The Role, powers and functions of the Committee are as per requirement of the Companies Act 2013 and the Listing Regulations.

STAKEHOLDERS’ RELATIONSHIP COMMITTEE

Stakeholders’ Relationship Committee (the Committee) of the Boardcomprises of Mr.Sunil Singhal, Chairman of the Committee, Non-Executive Director and Mr. Vijay Kumar Agarwal, Non- Executive Director- Independent Director.
The Role, powers and functions of the Committee are as per requirement of the Companies Act 2013 and the Listing Regulations.

Criteria of making payments to non-executive and other directors

“Presently the Company is not paying any remuneration to Directors. As and when it will be decided for payment or remuneration, sitting fees etc to Directors, the same will be keeping in view the attendance in board and committee meetings, contributions in discussion, Suggestions, time devoted and other relevant aspects and criteria.”

Authority with respect to material event or information
The Company has adopted the Policy for determination of Material Event or information, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key Managerial Personnel are authorized to determine and disclose the information on materiality of event or information whenever necessary as per the said policy. Following are the details of KMPs/contact person.
Name: Mr Sunil Singhal – Manager/ Mr Jayesh Mane – Chief Financial officer

Address: B-1, MIDC P.O Murbad, Thane 400 056 Maharashtra, India
Tel :        9765405761
Email:    ayepeelamitubes@gmail.com