Page 91 - Arvind 2024

Corporate Overview
Statutory Reports
Financial Statements
6. The appointment, removal and terms of remuneration of the Chief Risk Officer (if any) shall be subject to review by the Risk Management Committee
6.2 Composition of Risk Management Committee, number of Meetings held and participation at the Meetings during the year:
As on March 31, 2024, the RMC consists of 3 (three) members. During the year, the RMC has held 2 (two) Meetings on August 18, 2023 and February 1, 2024.
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. Kamal Singal
2 Mr. Nirav Shah
3 Mr. Ankit Jain
Executive Director
Independent Director
Chief Financial Officer
Chairman
Member
Member
2 2
2 2
2 2
7. CORPORATE SOCIAL RESPONSIBILITY COMMITTEE
The Board of Directors of the Company has constituted the Corporate Social Responsibility Committee (“CSRC”) in compliance with the provisions of Section 135 read with Schedule VII of the Companies Act, 2013. The CSRC of the company comprises of 4 (four) Directors out of which 2 (two) are Non-Executive Independent Directors, 1 (one) is Non-Executive Director and 1 (one) is Executive Director.
The brief terms of reference and composition of committee are as follows:
7.1 Brief description of the terms of reference:
(a) formulate and recommend to the Board, a Corporate Social Responsibility Policy which shall indicate the activities to be undertaken by the company as specified in Schedule VII to the Companies Act, 2013;
(b) to finalise a list of CSR projects or programs or initiatives proposed to be undertaken periodically including the modalities for their execution / implementation schedules and to review the same from time to time in accordance with requirements of section 135 of the Companies Act 2013;
(c) recommend the amount of expenditure to be incurred on the activities referred to in clause (a);
(d) monitor the Corporate Social Responsibility Policy of the company from time to time;
(e) review the CSR report and other disclosures on CSR matters for the approval of the Board for their inclusion in the Board report;
7.2 Composition of Corporate Social Responsibility Committee, number of Meetings held and participation at the Meetings during the year:
As on March 31, 2024, the CSRC consists of 4 (four) members. During the year, the CSR has held 2 (two) Meetings on May 19, 2023 and 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. Prem Prakash Pangotra
3 Ms. Pallavi Vyas
4 Mr. Kamal Singal
Non-Executive Director
Independent Director
Independent Director
Executive Director
Chairman 2 2
Member 2 2
Member 2 2
Member 2 2
8. MANAGEMENT COMMITTEE OF BOARD OF DIRECTORS
The Board of Directors of the Company has constituted the Management Committee which comprises of 3 (three) Directors out of which 2 (two) are Non-Executive and 1 (one) is Executive Director.
The role and composition of committee are as follows:
Annual Report 2023-24 | 89