Integrated Annual Report 2024-25 186 The attendance at the Meetings was as under: Name of the Members Committee Meeting Dates and Mode Meetings held during the Year/ Tenure Attended % of attendance of a Member 1 2 3 4 5 6 7 15th May, 2024 30th July, 2024 6th November, 2024 6th February, 2025 20th February, 2025 28th February, 2025 31st March, 2025 Physical Physical Physical Hybrid VC VC VC Mr. T.N. Manoharan (Chairman) 7 7 100% Ms. Shikha Sharma 7 7 100% Mr. Vikram Singh Mehta* 2 2 100% Mr. Haigreve Khaitan* 2 2 100% Mr. Muthiah Murugappan** 5 5 100% % of Attendance at a Meeting 100% 100% 100% 100% 100% 100% 100% Attended through Video Conference Leave of Absence Attended in-person Audit Committee Attendance * Ceased to be a Director and Member w.e.f. 8th August, 2024. ** Appointed as Member w.e.f. 8th August, 2024. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. Audit Committee Report for the year ended 31st March, 2025: Activities of the Committee during the year Frequency Reviewed Quarterly, Half yearly and Annual Standalone and Consolidated Financials of the Company prepared in accordance with the Indian Accounting Standards (Ind AS) as specified under the Act read with the relevant rules thereunder Q / A Held discussions with the Statutory Auditors regarding the Company’s financial statements, scope of their Reports and sought the auditors’ judgment on the quality and applicability of the accounting principles, the reasonableness of significant judgments, the adequacy of disclosures in the financial statements and other matters as the Committee deemed necessary Q Considered and recommended to the Board the Audit Fees and Fees payable for other services rendered by the Statutory Auditors during the year under review A Considered and made recommendation on the Remuneration payable to the Chief Internal Auditor and Group Chief Financial Officer of the Company A Reviewed the performance of the Statutory Auditors and Chief Internal Auditor A / E Reviewed with independent auditors, the nature and scope of the audit alongwith the review of audit engagement to ascertain adequacy and appropriateness E Reviewed the Management Discussion and Analysis of the financial condition and results of operations of the Company A Reviewed the Directors’ Responsibility Statement after making enquiries from the Operating Management A Reviewed the internal audit findings, the action taken status and other matters concerning the internal audit function of the Company and the Group and reviewed the performance of the Chief Internal Auditor Q Reviewed the utilisation of loans and/or advances from/investment by the Company in the subsidiaries exceeding Rs. 100 crores or 10% of the asset size of the subsidiary, whichever is lower Q Reviewed and granted prior approval for transactions with related parties including material related party transactions in terms of Regulation 23 read with Regulation 2(1)(zc) and Regulation 2(1)(zb) of the Listing Regulations, approved specific arrangements/ transactions, granted omnibus approval for transactions proposed to be entered with related parties, within the maximum limit per transaction and maximum limit in the aggregate, granted omnibus approval to cover unforeseen related party transactions and reviewed related party transactions entered into by the Company for previous quarter pursuant to the prior and omnibus approvals accorded by the Committee and recommended to the Board for onward recommendation to the Shareholders for approval as and when necessary Q / A Considered and approved revised process of taking approvals of related party transactions and reporting thereof E
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