Integrated Annual Report 2024-25 184 There are Six Board constituted Committees as on 31st March, 2025, which comprise of Five Statutory Committees and One Non-statutory Committee (Voluntary Committee), details of which are as follows: Board Committees as on 31st March, 2025: Chairperson Members * Voluntary Committee The Board Stakeholders Relationship Committee Mr. Muthiah Murugappan Mr. Anand G. Mahindra Ms. Nisaba Godrej Mr. T. N. Manoharan Dr. Anish Shah Mr. Rajesh Jejurikar Ms. Shikha Sharma Mr. Ranjan Pant Risk Management Committee Mr. Anand G. Mahindra Mr. T. N. Manoharan Ms. Shikha Sharma Mr. Ranjan Pant Ms. Padmasree Warrior Mr. Sat Pal Bhanoo Strategic Investment Committee* Mr. Muthiah Murugappan Mr. Anand G. Mahindra Dr. Anish Shah Ms. Padmasree Warrior Corporate Social Responsibility Committee Mr. T.N. Manoharan Ms. Shikha Sharma Mr. Muthiah Murugappan Audit Committee Mr. T.N. Manoharan Ms. Shikha Sharma Ms. Nisaba Godrej Governance, Nomination and Remuneration Committee A. Audit Committee This Committee comprises of the following Directors viz. Mr. T. N. Manoharan (Chairman of the Committee), Ms. Shikha Sharma and Mr. Muthiah Murugappan. All the Members of the Committee are Independent Directors and possess strong accounting and financial management knowledge. The Company Secretary is the Secretary to the Committee. During the year under review, the Board at its Meeting held on 16th May, 2024, had re-constituted the Audit Committee with effect from 8th August, 2024 by inducting Mr. Muthiah Murugappan as a Member in place of Mr. Vikram Singh Mehta, who ceased to be a Member of the Committee with effect from 8th August, 2024 upon completion of his second term as an Independent Director of the Company on 7th August, 2024. Further, Mr. Haigreve Khaitan, also ceased to be a Member of the Committee with effect from 8th August, 2024 upon completion of his first term as an Independent Director of the Company on 7th August, 2024. Key Terms of Reference of the Committee: The terms of reference of this Committee are very wide and are in line with the regulatory requirements as mandated by the Act and Part C of Schedule II of the Listing Regulations. Besides having access to all the required information from within the Company, the Committee can obtain external professional advice whenever required. The Committee acts as a link between the Statutory and the Internal Auditors and the Board of Directors of the Company. It is authorised to, inter alia, review and monitor the Auditor’s independence and performance, scope and effectiveness of audit process, oversight of the Company’s financial reporting process and the disclosure of its financial information, review with the management the quarterly and annual financial statements and auditor’s report before submission to the Board for approval, select and establish accounting policies, review Reports of the Statutory and the Internal Auditors and meet with them to discuss their findings, suggestions and other related matters, their independence on quarterly basis, review of Non-Audit Services rendered by the
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