| Particulars |
Clause
of Listing Agreement |
Compliance
status (Yes/No) |
Remarks |
| 1 |
2 |
3 |
4 |
Board of
Directors |
49 I (A)
The Board shall have an optimum combination of Executive
and non - executive directors with not less than
50% of the Board comprising non - executive directors.
|
Yes |
Complied with. |
In case of a non-executive Chairman at-least l/3rd
of Board should comprise independent directors.
|
Yes |
Complied with. |
| (B)All pecuniary relationship or transactions
of the non-exective directors viz-a-viz the company
should be disclosed in the Annual Report. |
|
Will be complied with in the Annual
Report for
2005– 2006. |
| Audit Committee |
49 II
A qualified and independent Audit Committee shall
be set up. |
Yes |
Complied with. |
Shareholder
s/Investors
Grievance
Committee |
49 VI(C)
A Board Committee designated as "Share holders/Investors
Grievance Committee"under the Chairmanship
of a non-executive director shall be formed. |
Yes |
Complied with. |
| Remuneration of Directors |
49 III
(A) The Remuneration of non-executive director shall
be decided by the Board.
(B)Detailed disclosures on the Remuneration of directors
shall be made in the section on the Corporate Governance
of the Annual Report. |
Yes |
Complied
with.
Will be complied with in the Annual
Report for
2005– 2006. |
| Board Procedures |
4 9 IV
(A)Board Meeting shall be held at least 4 times
a year with a maximum time gap 4 months
between any two meetings. |
Yes |
Complied with. |
B) Director shall not be a member in more than
10 committees or act as Chairman in more than 5
committees across all companies in
which he is a Director. Every Director should inform
the Company about the committee positions he occupies
in other companies
and notify changes as and when they take place |
Yes |
Complied with. |
| Management |
49 V
(A) A management discussion and Analysis Report
should form part of the Annual Report to the shareholders. |
|
Will be
complied with
in the Annual
Report for
2005 - 2006. |
(B)Disclosures should be made by the management
to the Board and relating to all material, financial
and commercial transaction, where
they have personal interest that may have a potential
conflict with interest of Company at large. |
Yes |
Complied with. |
| Shareholders |
4 9 VI
In case of the appointment of a new
Director or reappointment of a
Director, the shareholders must be
provided with details relating to a
Director to be appointed / reappointed. |
|
Will be
complied with
in the Annual
Report for
2004 - 2005. |
The information like Quarterly
Results, presentation made to Analysts, etc. shall
be put on Company's website or shall be sent to
the Stock Exchange on which the Company is listed
to put it on website of the Stock Exchange. |
Yes |
Since the Company has
no website of
its own, the
Results are sent to the Stock
Exchanges on
which the Company is listed to put on their
website. |
The Company shall delegate the power of share
transfer to an officer or a committee. The delegated
authority shall attend to share transfer formalities
atleast once in a
fortnight. |
Yes |
Complied with. |
Report on
Corporate
Governance |
4 9 VII
A detailed Compliance Report on Corporate Governance
shall be included in the Annual Report. |
|
Will be
complied with
in the Annual
Report for
2005– 2006. |
