Terms of Reference
The Audit Committee assists the Board of Directors in overseeing the integrity of the Company's financial reporting, effectiveness of internal control systems, audit processes, and compliance with applicable legal and regulatory requirements. The Committee comprises a minimum of three directors, with at least two-thirds being Independent Directors, and is chaired by an Independent Director possessing financial expertise.
The Committee reviews quarterly and annual financial statements, monitors internal and statutory audits, evaluates risk management and internal control systems, and approves related party transactions. It also oversees the vigil mechanism, ensures regulatory compliance, and has the authority to seek information, obtain professional advice, and investigate matters within its scope. The Committee meets periodically, reports its recommendations to the Board, and undergoes regular performance evaluation.
Composition of Audit Committee
| Name of Member |
Category |
Designation |
| Mr. Akshay Nawale |
Non-Executive - Independent |
Chairman |
| Mrs. Shakila Makandar |
Non-Executive - Independent |
Member |
| Mr. Vasant Bhoir |
Non-Executive |
Member |
