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(c) Composition of the Committee and attendance of each
Member at the Shareholders’ / Investors’ Grievances
Redressal and Share Transfer Committee meetings held
during the year
Name
Mr. Mohan
Jayakar
Mr. Puneet
Khurana
Mr. P.M.
Samvatsar
Designation
in
Committee
Chairman
Member
Member
Nature of
Directorship
Independent
& Non -
Executive
Promoter &
Executive
Executive
(d) Name, Designation and Address of the Compliance
Officer
Ms. Chanda Makhija Thadani
Company Secretary & Compliance Officer
204, Raheja Centre, Free Press Journal Marg,
214, Nariman Point, Mumbai 400 021.
Tel.: 91 22 3026 8300 - 01
Fax: 91 22 2287 0720
Email: investors@ekc.in
(e) Investor Grievance Redressal
No. of
No. of
Committee
Meetings
Committee
held during Meetings
the year attended
The total number of complaints received and replied to the
satisfaction of shareholders during the year under review were
15. There were no outstanding complaints as on 31 st March, 2011.
No requests for transfer and for dematerialization were pending
for approval as on 31 st March, 2011.
The Secretarial Department of the Company and the Registrar
and Share Transfer Agent (R & T Agent), M/s. Link Intime India
Private Limited attend to all grievances of the shareholders and
investors received directly or through SEBI, Stock Exchanges,
Ministry of Corporate Affairs, Registrar of Companies, etc. Most
of the investors' grievances / correspondences are attended within
a period of 7 days from the date of receipt of such grievances.
The Company maintains continuous interaction with the said R &
T Agents and takes proactive steps and actions for resolving
complaints/queries of the shareholders/investors and also takes
initiatives for solving critical issues. Shareholders are requested
to furnish their telephone numbers and email addresses to
facilitate prompt action.
2
2
2
2
1
2
EVEREST KANTO CYLINDER LIMITED
( f ) Equity Shares in the Suspense Account
As per Clause 5A of the Listing Agreement, the Company reports
that 2,420 Equity Shares belonging to 11 shareholders are lying
in the unclaimed securities suspense account as on 31 st March,
2011. The voting rights on the shares outstanding in the suspense
account as on 31 st March, 2011 shall remain frozen till the rightful
owner of such shares claims the shares.
(g) Reminder Letters to IPO Investors
During the year, the Company issued reminder letters to all the
shareholders who have been allotted shares on account of the
applications made in the IPO of the Company and the credit of
shares into their Demat Accounts had been rejected due to
technical reasons.
They have been requested to furnish their correct account details
so that the allotted shares could be credited to their Demat
Account.
C. REMUNERATION COMMITTEE
(a) Terms of Reference
The Remuneration Committee has been constituted to
recommend / review the overall compensation policy and
structure, service agreements and other employment conditions
for the members of the board, based on their performance and
defined assessment parameters.
(b) Remuneration Policy
The Remuneration Policy of the Company is performance driven
and in considering the remuneration payable to the Directors,
the Board/Remuneration Committee considers the performance
of the Company, the current trends in the industry, the experience
of the appointee(s), their past performance and other relevant
factors.
(c) Composition of the Remuneration Committee
Name
Mr. Krishen Dev
Mr. Mohan Jayakar
Mr. Naresh Oberoi
Mr. P.K. Khurana
Designation in
Committee
Chairman
Member
Member
Member
Nature of
Directorship
Independent &
Non - Executive
Independent &
Non - Executive
Independent &
Non - Executive
Promoter &
Executive
Report on Corporate Governance Annual Report 2010-11
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