Corporate Social Responsibility Committee
(i) Composition
The Corporate Social Responsibility (CSR) Committee has been constituted by the Board in compliance with the requirements of Section 135 of the Act.
The Corporate Social Responsibility Committee comprises of the following members as on March 31, 2020:
Name of Member |
Designation |
Category |
|---|---|---|
Shri Sudhir Mankad |
Chairman |
Independent Director |
Dr. Swaminathan Sivaram |
Member |
Independent Director |
Shri Deepak C. Mehta |
Member |
Chairman & Managing Director |
Shri Umesh Asaikar |
Member |
Executive Director & CEO |
(ii) Terms of Reference
The terms of reference of Corporate Social Responsibility Committee are as under:
To formulate and recommend to the Board a Corporate Social Responsibility Policy (“CSR Policy”)
To recommend the amount of expenditure to be incurred on the activities listed in CSR Policy
To monitor the CSR Policy of the Company from time to time.
Such other roles and functions as may be prescribed in the Act and Rules made thereunder.
(iii) Meetings and Attendance thereat
Two (2) meetings of the Corporate Social Responsibility Committee were held during the Financial Year 2019-20 on May 2, 2019 and October 7, 2019.
The attendance at the Corporate Social Responsibility Committee meetings held during Financial Year 2019-20 was as under:
Name of Member |
No. of Nomination and Remuneration Committee Meetings held and Tenure of Directors |
No. of Nomination and Remuneration Committee Meetings attended |
|---|---|---|
Shri Sudhir Mankad |
2 |
2 |
Dr. Swaminathan Sivaram |
2 |
2 |
Shri Deepak C. Mehta |
2 |
1 |
Shri Umesh Asaikar |
2 |
0 |
(iv) Report on CSR activities
As required under the Act and Rules made thereunder, Report on the CSR activities undertaken by the Company during the year ended March 31, 2020 is annexed to the Directors’ Report.