Page 90 - Arvind 2024

5. To look into the reasons for any defaults in the payment to the Depositors, Debenture holders, Shareholders (in case of non-payment of declared dividends) and Creditors.
6. Carrying out any other function as is mentioned in the terms of reference of the Stakeholder’s Relationship Committee.
5.2 Composition of Stakeholders’ Relationship Committee, number of Meetings held and participation at the Meetings during the year:
As on March 31, 2024, the SRC consists of 4 (four) members. During the year, the SRC has held 1 (one) Meeting on November 1, 2023.
The details of composition of committee, number of meetings held and attendance thereof during the year were as under:
Sr. No.
Name of Committee members
Category
Position / Status
Number of Meetings held during the year
Number of Meetings attended
1 Mr. Sanjay S. Lalbhai
2 Mr. Pratul Shroff
3 Mr. Prem Prakash Pangotra
4 Mr. Kamal Singal
Non-Executive Director
Independent Director
Independent Director
Executive Director
Chairman
Member
Member
Member
1 1
1 1
1 1
1 1
5.3 Name and designation of Compliance Officer:
Mr. Prakash Makwana, Company Secretary is the Compliance officer of the Company.
5.4 Details of Complaints/Queries received and redressed during April 1, 2023 to March 31, 2024:
0880
6. RISK MANAGEMENT COMMITTEE
The Board of Directors of the Company has constituted the Risk Management Committee (“RMC”) in compliance with the provisions of the Regulation 21 of the Listing Regulations. The RMC of the Company comprises of 3 (three) Members out of which 1 (one) is Non-Executive Independent Director, 1 (one) is Executive Director and 1 (one) is Senior Executive i.e. Chief Financial Officer. Mr. Kamal Singal, Executive Director, acts as Chairman of the Committee.
The brief terms of reference and composition of committee are as follows:
6.1 Brief description of the terms of reference:
1. To formulate a detailed risk management policy which shall include:
(a) A framework for identification of internal and external risks specifically faced by the listed entity, in particular including financial, operational, sectoral, sustainability (particularly, ESG related risks), information, cyber security risks or any other risk as may be determined by the Committee.
(b) Measures for risk mitigation including systems and processes for internal control of identified risks.
(c) Business continuity plan.
2. To ensure that appropriate methodology, processes and systems are in place to monitor and evaluate risks associated with the business of the Company;
3. To monitor and oversee implementation of the risk management policy, including evaluating the adequacy of risk management systems;
4. To periodically review the risk management policy, at least once in two years, including by considering the changing industry dynamics and evolving complexity;
5. To keep the board of directors informed about the nature and content of its discussions, recommendations and actions to be taken;
Number of shareholders’ complaints pending at the beginning of the year
Number of shareholders’ complaints received during the year
Number of shareholders’ complaints redressed during the year
Number of shareholders’ complaints pending at the end of the year
88 | Arvind SmartSpaces Limited