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Membership in committees of other
companies
Chairman of committees
ASREC (India) Ltd – Nomination and Remuneration Committee
Essel Propack Ltd – Audit Committee
Larsen & Toubro Infotech Ltd – Audit Committee
Larsen & Toubro Ltd – Audit Committee
Lodha Developers Ltd – Audit Committee
Member of committees
ASREC (India) Ltd – Audit Committee
ASREC (India) Ltd – Corporate Social Responsibility Committee
Essel Propack Ltd – Nomination and Remuneration Committee
Essel Propack Ltd – Corporate Social Responsibility Committee
Lodha Developers Ltd – Nomination and Remuneration Committee
Principal Asset Management Company Pvt Ltd - Audit Committee
Principal Asset Management Company Pvt Ltd - Nomination and Remuneration
Committee
R R Kabel Ltd – Audit Committee
R R Kabel Ltd – Nomination and Remuneration Committee
¤ĚŕîƥĿūŠƙĺĿƎ DžĿƥĺ ūƥĺĚƑ 'ĿƑĚČƥūƑƙ
None
Number of shares held in the Company
50
Mr Chitale, being eligible in terms of Section 149 and other applicable provisions of the Companies Act, 2013, offering himself
ljūƑ îƎƎūĿŠƥŞĚŠƥȡ Ŀƥ Ŀƙ ƎƑūƎūƙĚē ƥū îƎƎūĿŠƥ ĺĿŞ îƙ îŠ TŠēĚƎĚŠēĚŠƥ 'ĿƑĚČƥūƑ ljūƑ ƥĺĚ ƙĚČūŠē ƥĚƑŞ ūlj ǛDŽĚ ČūŠƙĚČƭƥĿDŽĚ NjĚîƑƙ ljƑūŞ
October 17, 2019 to October 16, 2024. A Notice has been received from a Member proposing Mr Chitale as a candidate for
ƥĺĚ ūljǛČĚ ūlj 'ĿƑĚČƥūƑ ūlj ƥĺĚ ūŞƎîŠNjȦ
In the opinion of the Board, Mr Chitale:
i)
possesses rich experience and expertise relevant to the Company
ĿĿȴ ljƭŕǛŕƙ ƥĺĚ ČūŠēĿƥĿūŠƙ ƙƎĚČĿǛĚē ĿŠ ƥĺĚ ūŞƎîŠĿĚƙ Čƥȡ ǨǦǧǩ îŠē ƥĺĚ ¤ƭŕĚƙ ŞîēĚ ƥĺĚƑĚƭŠēĚƑ
iii) is independent of the Management
Further, his proposed appointment is on the basis of the reports of his performance evaluation.
HĿDŽĚŠ ƥĺĚ îċūDŽĚȡ ČūƑƑūċūƑîƥĚē ċNj ƥĺĚ DŽîŕƭîċŕĚ ČūŠƥƑĿċƭƥĿūŠ ŞîēĚ ċNj qƑ ĺĿƥîŕĚȡ ƥĺĚ ūîƑē Ŀƙ ūlj ƥĺĚ DŽĿĚDž ƥĺîƥ ĺĿƙ ČūŠƥĿŠƭĚē
îƙƙūČĿîƥĿūŠ DžĿŕŕ ċĚ ċĚŠĚǛČĿîŕ ƥū ƥĺĚ ūŞƎîŠNjȦ
ČūƎNj ūlj ƥĺĚ ēƑîljƥ ŕĚƥƥĚƑ ljūƑ ƎƎūĿŠƥŞĚŠƥ ūlj qƑ ĺĿƥîŕĚ îƙ îŠ TŠēĚƎĚŠēĚŠƥ 'ĿƑĚČƥūƑ ƙĚƥƥĿŠij ūƭƥ ƥĺĚ ƥĚƑŞƙ îŠē ČūŠēĿƥĿūŠƙ DžĿŕŕ ċĚ
îDŽîĿŕîċŕĚ ljūƑ ĿŠƙƎĚČƥĿūŠ DžĿƥĺūƭƥ îŠNj ljĚĚ ċNj ƥĺĚ qĚŞċĚƑƙ îƥ ƥĺĚ ƑĚijĿƙƥĚƑĚē ūljǛČĚ ūlj ƥĺĚ ūŞƎîŠNj ēƭƑĿŠij ŠūƑŞîŕ ċƭƙĿŠĚƙƙ ĺūƭƑƙ
ūŠ îŠNj DžūƑŒĿŠij ēîNjȦ
qƑ ĺĿƥîŕĚ ēūĚƙ Šūƥ ĺūŕē ċNj ĺĿŞƙĚŕlj ūƑ ƥūijĚƥĺĚƑ DžĿƥĺ ĺĿƙ ƑĚŕîƥĿDŽĚƙ ƥDžū ƎĚƑČĚŠƥ ūƑ ŞūƑĚ ūlj ƥĺĚ ƥūƥîŕ DŽūƥĿŠij ƎūDžĚƑ ūlj ƥĺĚ ūŞƎîŠNjȦ
Accordingly, the Board recommends the resolution in item number 6 in relation to appointment of Mr Chitale as an Independent
'ĿƑĚČƥūƑ ljūƑ ƙĚČūŠē ƥĚƑŞ ūlj ǛDŽĚ ČūŠƙĚČƭƥĿDŽĚ NjĚîƑƙ ljūƑ ƥĺĚ îƎƎƑūDŽîŕ ċNj ƥĺĚ qĚŞċĚƑƙ îƙ î ƙƎĚČĿîŕ ƑĚƙūŕƭƥĿūŠȦ
Memorandum of interest
Except Mr Chitale, being an appointee, none of the Directors and Key Managerial Personnel of the Company and their relatives
îƑĚ ČūŠČĚƑŠĚē ūƑ ĿŠƥĚƑĚƙƥĚēȡ ǛŠîŠČĿîŕŕNj ūƑ ūƥĺĚƑDžĿƙĚȡ ĿŠ ƥĺĚ ƑĚƙūŕƭƥĿūŠ ƙĚƥ ūƭƥ îƥ ĿƥĚŞ ŠƭŞċĚƑ ǬȦ
Item number 7
The Members in the AGM held on August 04, 2015 had appointed Ms S A Panse as an Independent Director of the Company
ljūƑ î ƥĚƑŞ ūlj ǛDŽĚ ČūŠƙĚČƭƥĿDŽĚ NjĚîƑƙȡ ĚljljĚČƥĿDŽĚ qîƑČĺ Ǩǭȡ ǨǦǧǫ ƥū qîƑČĺ ǨǬȡ ǨǦǨǦȦ ¹ĺĚ ČƭƑƑĚŠƥ ƥĚƑŞ ūlj ĺĚƑ ūljǛČĚ Ŀƙ ēƭĚ ƥū ĚNJƎĿƑĚ
on March 26, 2020. Her brief résumé is as under:
101
Notice