Compositon and details of Corporate Social Responsibility meetngs during the fnancial year:As on March 31, 2018, the CSR Commitee of the Company consists of four (4) Directors, of which one (1) each are Non-Executve & Independent Director and Non-Executve Director and two (2) are Executve Directors. The Members of the Commitee are Mr. Bharat D Shah, Ms. Debarat Sen, Mr. B.V. Shankaranarayana Rao and Mr. Ramesh Ramadurai. Mr. Bharat D Shah is the Chairman of the CSR Commitee.During the fnancial year 2017-18, two (2) meetngs of the CSR Commitee was held on May 26, 2017 and November 14, 2017.The atendance of the members at the CSR Commitee Meetng held during the year are as under: Name of the Commitee MembersNo. of Meetngs heldduring the year under reviewNo. of MeetngsatendedMr. Bharat D Shah (Chairman) 22Ms. Debarat Sen22Mr. B.V. Shankaranarayana Rao22Mr. Ramesh Ramadurai 2NilINDEPENDENT DIRECTORS’ MEETINGDuring the year under review, the Independent Directors met on February 2, 2018, inter alia, to discuss: • Evaluaton of the performance of the Non-Independent Directors and the Board as a whole,• Evaluaton of the performance of the Chairman of the Company, Chairman of the Commitee’s taking into account the views of the Executve and Non- Executve Directors ,• Evaluaton of the quality, content and tmelines of fow of informaton between the Management and the Board that is necessary for the Board to efectvely and reasonably perform its dutes.All the Independent Directors viz., Mr. Bharat D Shah, Mr. Biren Gabhawala and Ms. Radhika Rajan were present at the Meetng.PERFORMANCE EVALUATION OF BOARD/COMMITTEE’S /DIRECTORSPursuant to the provisions of the Companies Act, 2013 and Listng Regulatons, the Board carried out the Annual Performance Evaluaton of: (i) the Board as a whole, (ii) individual directors (including Independent Directors and Chairperson) and (iii) various Commitees of the Board on the basis of SEBI’s Guidance Note on Board Evaluaton issued in January 2017. A structured and detailed questonnaire was prepared by the Company internally, covering the following criteria’s: For Board as a whole-Structure of the Board, Meetngs of the Board, Functons of the Board, Board and Management, Professional Development.For Commitees of the Board-Mandate and Compositon, efectveness of the Commitee, structure of the Commitee and Meetngs, Independence of the Commitee from the Board and contributons to decisions of the Board.For Individual Directors and Chairperson (including Chairperson, CEO, Independent Directors, Non-independent Directors, etc.)-Qualifcatons, experience, knowledge and competency, fulfllment of functons, initatve, availability and atendance, commitment, contributon and integrity.Following additonal criteria for Independent Directors were covered:Independence and independent views and judgment.
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- Fall '19