In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has constituted a Risk Management Committee on October 21, 2014 to oversee risk management function performed by the management, define and review the framework for identification, assessment, monitoring, mitigation and reporting of risks.

The Risk Management Committee comprises as under:

Sr. No

Name

Composition

Designation

1

Mr. Nirmal Jain

Chairman

Executive Director

2

Mr. Arun Kumar Purwar

Member

Independent Director

3

Mr. Nilesh Vikamsey

Member

Independent Director


Terms of Reference of Risk Management Committee

The broad terms of reference of Risk Management committee are as under:

  1. To monitor and review the risk management framework of the company;
  2. To oversee risk management process, systems and measures implemented to mitigate the same; and
  3. Any other matter as may be mandated/referred by the Authority/Board.