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Code Of Conduct
 
 
 

1) BOARD OF DIRECTORS:

 The Board of Directors comprises four members including alternate Directors. The Board's role, functions, responsibility and accountability are clearly defined.

At the Board Meeting of the Company apart from all important matters affecting the business affairs of the Company the directors are being provided information, stipulated in Regulation 27 of SEBI (LODR).

A) BOARD MEETINGS:

Meeting of the Board of Directors are held at Company's Registered Office at Hyderabad, and are scheduled well in advance. The Board meets at least once in a quarter to review performance and financial results. The agenda for the meeting is prepared in consultation with Executive Director and the papers are circulated to the directors in advance. The Board Members have access to all information pertaining to the Company and are free to recommend inclusion of any matter in the agenda for discussion.

B) THE COMPOSITION OF THE BOARD IS AS FOLLOWS:

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 Sl.No.   Name of the Directors             Status                                              Category

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    1.       Sri. Rajiv Kabra                     Chairman & Executive Director       Promoter / Executive Director 

    2.       Sri. P.V. Subba Rao               Director                                       Non-Executive / Independent Director 

    3.       Smt. Mangal Rathi                 Director & Executive Director        Non-Executive / Independent Director 

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 2) AUDIT COMMITTEE:

A) Brief Description of terms of reference:

The terms of reference of the Audit Committee are comprehensive and cover the matters specified for Audit Committee under Regulation 18 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and also those specified in section 177 of the Companies Act 2013.

 

B) Composition: Names of members and Chairperson:

According to the Resolution passed in the Board of Directors meeting  held on 13th  August, 2015 the Board has constituted the Audit Committee comprising of  Mr.P.V.Subba Rao, Mrs.Mangal Rathi and Mr.Rajiv  Kabra as  members  of  the committee.

 The Quorum for the Audit Committee is two members.

Mr.P.V.Subba Rao, continues to be the Chairman of the Committee.

 

3) DISCLOSURES:

A) None of the transactions with any of the related parties were in conflict with the interest of the company.

B) There have been no instances of non - Compliance by the company, penalties, strictures imposed on the company by Stock Exchanges or SEBI or any statutory authority, on any matter related to capital markets, during the last three years.

 

4) MEANS OF COMMUNICATION:

The Board takes on record the Un-Audited Financial Results (with limited reviews by the auditors) and the financial results are in the prescribed format of the Stock Exchanges where the Company is listed.  Further quarterly Un-audited financial results are also published at least in two newspapers within 48 hours of the conclusion of the meeting of the Board in which they are taken on record. The Quarterly Financial results will be published in “The Financial Express” and “Nava Telangana” in regional language of the region i.e., Telangana, since  the place of the Registered office of the Company is situated at Hyderabad (Telangana).

 

DETAILS OF AGREEMENTS ENTERED INTO WITH THE MEDIA COMPANIES AND / OR THEIR ASOCIATED ETC.

The company has not entered any agreements with media companies nor associated with them

 

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