The Remuneration Committee was constituted by our Directors. This Committee is responsible for the oversight of executive compensation. The Remuneration Committee consists of the following members:
SL NO.
NAME OF DIRECTOR
DESIGNATION
EXECUTIVE/ INDEPENDENT
1.
Mr. Vinayak Sarkhot
Chairman
Independent Director
2.
Mr. Philip Job
Member
Independent Director
3.
Mr. Sandip Padsala
Member
Director
The terms of reference of the Remuneration Committee are as follows:
1.
Framing suitable policies and systems to ensure that there is no violation, by an employee of any applicable laws in India or overseas, including:
i. The Securities and Exchange Board of India (Insider Trading) Regulations, 1992; or
ii. The Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 1995.
2.
Determine on behalf of the Board and the shareholders, our Company is policy on specific remuneration packages for executive directors including pension rights and any compensation payment;
3.
Perform such functions as are required to be performed by the Remuneration Committee under the ESOP Guidelines, in particular, those stated in Clause 5 of the ESOP Guidelines; and
4.
Such other matters as may, from time to time, be required by any statutory, contractual or other regulatory requirements to be attended to by such committee.
The Company Secretary of our Company acts as the secretary to the Committee.
