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Investor Relations

Corporate Governance

Committees of Board

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  1. 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 CommitteeChairman Members

1.

Audit CommitteeMr. 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 CommitteeQualification & ExperienceNumber of Meetings attended
Mr. Krishan KantIndependent, Non-Executive Director ChairmanGraduate, Mr. Krishan Kant has around 35 years of vast experience in purchase and admin department0
Mr. Chander Mohan Marwah Promoter, Executive DirectorMemberExperience of over 33 years in industry and business. 5
Mr. Vijay Kumar NayarIndependent, Non-Executive DirectorMemberMr. 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 Industry5

* 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:

QuarterDate of MeetingNumber of Members PresentNumber of Independent Directors Present
April 2021 – June 202130.06.20210302
July 2021 – September 202113.08.20210302
October 2021- December 202110.11.20210302
January 2022- March 2022

04.02.2022

 

19.03.2022

0302

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 MemberDesignationCategory 
Mr. Vijay Kumar NayarChairpersonIndependent, Non-Executive
Mr. Krishan Kant MemberIndependent, Non-Executive
Mrs. Anu Marwah MemberPromoter, 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 meetingDate of MeetingNumber of Members PresentNumber of Independent Directors Present
April 2021 – June 2021
July 2021 – September 202115.07.20210302
October 2021- December 2021
January 2022- March 202219.03.20220302

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 MemberDesignationCategory 
Mr. Krishan KantChairpersonIndependent, Non-Executive 
Mr. C.M. Marwah                           MemberPromoter, Executive
Mrs. Anu Marwah                          MemberPromoter, 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 MeetingNumber of Members PresentNumber of Independent Directors Present
April 2021 – June 2021
July 2021 – September 202115.07.20210302
October 2021- December 202108.10.20210302
January 2022- March 202210.01.20220302

 

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