| ii) |
ATTENDANCE OF DIRECTORS PRESENT IN THE MEETINGS HELD DURING THE YEAR 2010-11: |
| |
Five board meetings were held during the financial year ended 31st March, 2011 i.e. on 28th April, 2010, 1st July, 2010, 24th July, 2010, 10th November, 2010 and 10th February, 2011. The attendance of each director at these meetings was as follows: |
| |
| Sl. No |
Members |
No. of Board Meetings
Attended |
AGM held on 01.07.2010
Attended |
| i. |
Shri B. K. Birla |
5 |
Yes |
| ii. |
Shri K. G. Maheshwari |
2 |
Yes |
| iii. |
Shri B. P. Bajoria |
3 |
No |
| iv. |
Shri G. B. Pande
(Resigned w.e.f. 10.02.2011) |
4 |
Yes |
| v. |
Shri P. K. Choksey |
4 |
Yes |
| vi. |
Shri Amitabha Ghosh |
4 |
Yes |
| vii. |
Shri P. K. Mallik |
5 |
Yes |
| viii. |
Smt. Manjushree Khaitan |
5 |
Yes |
| ix. |
Shri Deepak Tandon
(Resigned w.e.f. 15.04.2011) |
5 |
Yes. |
|
| |
| 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 1.04.2010 to 31.03.2011. 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 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. |
