| ii) |
ATTENDANCE OF DIRECTORS PRESENT IN THE MEETINGS HELD DURING THE YEAR 2009-10 : |
| |
Five board meetings were held during the financial year ended 31st March, 2010 i.e. on 2nd May, 2009, 26th June, 2009, 25th July,
2009, 30th October, 2009 and 28th January, 2010. The attendance of each director at these meetings was as follows : |
| |
| Sl. No |
Members |
No. of Board Meetings
Attended |
AGM held on 26.06.2009
Attended |
| i. |
Shri B. K. Birla |
5 |
Yes |
| ii. |
Shri K. G. Maheshwari |
3 |
Yes |
| iii. |
Shri B. P. Bajoria |
3 |
Yes |
| iv. |
Shri G. B. Pande |
3 |
No |
| v. |
Shri P. K. Choksey |
4 |
Yes |
| vi. |
Shri Amitabha Ghosh |
5 |
Yes |
| vii. |
Shri P. K. Mallik |
5 |
Yes |
| viii. |
Smt. Manjushree Khaitan |
4 |
Yes |
| ix. |
Shri S. K. Parik |
4 |
Yes |
| x. |
Shri Deepak Tandon |
1 |
N.A. |
|
| |
N.A. : Not applicable as he was appointed as director w.e.f. 01.01.2010. |
| |
| iii) |
CODE OF CONDUCT : |
| |
The Company has a Code of Conduct for all its Board members and Senior Management personnel for avoidance of conflicts of
interest. It has received the necessary declarations
affirming compliance with it from all of them during the period from 01.04.2009
to 31.03.2010. There were no material personal interests adverse to the interest of the Company and improper personal benefits
received, as a result of his/her position by the Board Members / Senior Management personnel, which could lead to potential
conflict of interest with the Company. The Code of Conduct is available on the website of the Company. |
| |
| C. |
AUDIT COMMITTEE : |
| i) |
TERMS OF REFERENCE : |
| |
The Audit Committee has been mandated with the same terms of reference as specified in the revised Clause 49 of the Listing
Agreements with Stock Exchanges and covers all the aspects stipulated by the SEBI Guidelines. The terms of reference also fully conform to the requirements of section 292A of the Companies Act, 1956. |
