Investor Relations
Corporate Governance
Committees of Board
- COMMITTEES:
The various Committees, as required by the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been constituted/ reconstituted amongst members of the Board. The composition of the various committees as on 31.03.2022 is as under:
| S. No. | Name of the Committee | Chairman | Members |
1. | Audit Committee | Mr. Krishan Kant | Mr. Chander Mohan Marwah Mr. Vijay Kumar Nayar |
2. | Stakeholders Relationship Committee | Mr. Krishan Kant | Mr. Chander Mohan Marwah Mrs. Anu Marwah |
| 3. | Nomination and Remuneration Committee |
Mr. Vijay Kumar Nayar | Mr. Krishan Kant Mrs. Anu Marwah |
*Mr. Krishan Kant has been appointed as an Additional Non-executive Independent Director and Chairman of Audit Committee and Stakeholder & Relationship Committee and member of Nomination & Remuneration Committee of the Company w.e.f 28th March, 2022
**Mr. Sanjay Kumar Sareen has been resigned from Board of Directors and Committees of the Company w.e.f 28th March, 2022
- Composition & Qualification of Audit Committee:
The Composition & Qualification of Audit Committee as on 31.03.2022 are as under:
| Name | Category of Directorship | Designation in Audit Committee | Qualification & Experience | Number of Meetings attended |
| Mr. Krishan Kant | Independent, Non-Executive Director | Chairman | Graduate, Mr. Krishan Kant has around 35 years of vast experience in purchase and admin department | 0 |
| Mr. Chander Mohan Marwah | Promoter, Executive Director | Member | Experience of over 33 years in industry and business. | 5 |
| Mr. Vijay Kumar Nayar | Independent, Non-Executive Director | Member | Mr. Vijay Kumar Nayar has varied experience in the field of Purchase Department of Glass Manufacturing Unit and also served as Senior Purchase Manager in the Glass Industry | 5 |
* Mr. Sanjay Kumar Sareen has resigned from the Directorship of the Company w.e.f 28th March, 2022.
** Mr. Krishan Kant has been appointed as an additional (Non- Executive Independent) Director w.e.f from 28th March, 2022 subject to approval of Shareholders of the Company in the ensuing General Meeting.
Meetings of Audit Committee
During the financial year 2021-22, 5 (five) meetings of Audit Committee were held as under:
| Quarter | Date of Meeting | Number of Members Present | Number of Independent Directors Present |
| April 2021 – June 2021 | 30.06.2021 | 03 | 02 |
| July 2021 – September 2021 | 13.08.2021 | 03 | 02 |
| October 2021- December 2021 | 10.11.2021 | 03 | 02 |
| January 2022- March 2022 | 04.02.2022
19.03.2022 | 03 | 02 |
b. Nomination and Remuneration Committee
Your Company has constituted a Remuneration Committee which has been reconstituted and renamed as Nomination and Remuneration Committee. The Nomination and Remuneration Committee should comprise at least three Directors; all of whom should be Non-Executive Directors. At least half of the Committee members should be Independent with an Independent Directors acting as the Chairman of the Committee. The Company Secretary acts a Company Secretary of the Committee.
The Composition of Nomination and Remuneration Committee as on 31.03.2022:
| Name of Member | Designation | Category |
| Mr. Vijay Kumar Nayar | Chairperson | Independent, Non-Executive |
| Mr. Krishan Kant | Member | Independent, Non-Executive |
| Mrs. Anu Marwah | Member | Promoter, Non-Executive |
* Mr. Sanjay Kumar Sareen has resigned from the Directorship of the Company w.e.f 28th March, 2022.
** Mr. Krishan Kant has been appointed as an additional (Non- Executive Independent) Director w.e.f from 28th March, 2022 subject to approval of Shareholders of the Company in the ensuing General Meeting.
Meeting Details
During the Year, the Nomination and Remuneration Committee met 2(two) time. The details of meeting and attendance are:
| Quarter of meeting | Date of Meeting | Number of Members Present | Number of Independent Directors Present |
| April 2021 – June 2021 | – | – | – |
| July 2021 – September 2021 | 15.07.2021 | 03 | 02 |
| October 2021- December 2021 | – | – | – |
| January 2022- March 2022 | 19.03.2022 | 03 | 02 |
C. Stakeholders’ Relationship Committee Your Company has constituted a Stakeholder Relationship Committee in terms of reference and compliance with the provisions of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
a.) The Composition of Stakeholder’s Relationship Committee as on 30.03.2022:
| Name of Member | Designation | Category |
| Mr. Krishan Kant | Chairperson | Independent, Non-Executive |
| Mr. C.M. Marwah | Member | Promoter, Executive |
| Mrs. Anu Marwah | Member | Promoter, Non-Executive |
* Mr. Sanjay Kumar Sareen has resigned from the Directorship of the Company w.e.f 28th March, 2022.
** Mr. Krishan Kant has been appointed as an additional (Non- Executive Independent) Director w.e.f from 28th March, 2022 subject to approval of Shareholders of the Company in the ensuing General Meeting.
Meeting details
Quarter of Meeting | Date of Meeting | Number of Members Present | Number of Independent Directors Present |
| April 2021 – June 2021 | – | – | – |
| July 2021 – September 2021 | 15.07.2021 | 03 | 02 |
| October 2021- December 2021 | 08.10.2021 | 03 | 02 |
| January 2022- March 2022 | 10.01.2022 | 03 | 02 |