43 / 136
Corporate Identity Serving Diverse Industries Purpose and Values Overview by the Chairman Operational Highlights Financial Analysis Research and Technology
Safety, HealthandEnvironment Serving the Society Directors’ Report Management Discussion andAnalysis
Report on Corporate Governance
Financial Statements
During the year, the Company received 12 complaints from the investors. All the grievances were solved
to the satisfaction of the investors:
Number
Nature of complaint
Received
Redressed
1
Non receipt of dividend warrant
7
7
2
Non receipt of share certificates
3
3
3
Demat share credit
2
2
Total
12
12
The Board of Directors notes the minutes of the Share Transfer and Shareholders’ | Investors’ Grievance
Committee meetings.
3.3. Investment Committee
3.3.1. Role
The Committee approves or recommends to the Board as follows:
i)
Considering and if thought fit approve capex proposals exceeding Rs 3 crores each, as may be
recommended by the Chairman and Managing Director
ii)
Considering and if thought fit approve business strategies of the Company as may be proposed
by the Chairman and Managing Director
iii)
Recommending to the Board acquisition and disinvestment proposals
iv)
Recommending to the Board sale of surplus land and other non-operating assets of the Company
for reducing debt, improving working capital position and for strengthening the Balance Sheet
v)
Selling the investments held in equity shares by the Company
3.3.2. Composition
The Committee comprises of five Members:
Number
Name
Designation
1
Mr R A Shah
Chairman
2
Dr S S Baijal
Member
3
Mr S M Datta
Member
4
Mr S S Lalbhai
Member
5
Mr B S Mehta (with effect from March 27, 2010 )
Member
3.3.3. Meetings and Attendance
During the year four meetings were held:
Number
Name
Total
Attended
1
Mr R A Shah
4
4
2
Dr S S Baijal
4
3
3
Mr S M Datta
4
4
4
Mr S S Lalbhai
4
4
5
Mr B S Mehta (with effect from March 27, 2010)
-
-
The Board of Directors notes the minutes of the Investment Committee meetings.