Board of Directors and Committee Composition
The Company’s Board presently comprises 6 members. Chairman and Managing Director is an Executive Director and all other Directors are Non-Executive Directors.
The Board has constituted the following committees of the Directors:
The committee is constituted to review the performance of the Company on regular basis
The committee has the powers and functions as delegated by the Board from time to time in line with the provision of the Companies Act, 1956 and listing agreement.
Committee on Succession Plan
The committee has been vested with powers to implement succession plan at Senior Management level
Shareholder’s / Investor’s Grievance Committee
The committee deals with investors grievances pertaining to shares related matter
Further various adhoc committees are constituted internally on need basis.
While decision taken or minutes of the meeting of the Board of Directors are not accessible by the public, important decisions regarding the company and/or its management are being communicated to the statutory authorities as also to the public as required under listing agreement. However minutes of the General Meetings (AGM / EGM) are available to the shareholders of the Company.
Term / Tenure
Committees formed since inception and Members of the Committee will change only as per the Government Order
Powers and Functions
Full Time Director : Chairman and Managing Director
Additional Charge : Director Technical
Nominee Directors : Government of India
Nominee Directors : NICO (National Iranian Oil Company) And Independent Directors