sejal architectural glass limited - Securities and Exchange Board of ...

emuneration payable to the said Director, subject however, to the approval of the Central
Government and shareholders or any other relevant authority/(ies), if any.
The Company do execute an Agreement with the said Mr. Ashish D. Karia, Whole-time Director of the
Company.
Corporate Governance
The provisions of the Listing Agreement to be entered into with NSE and BSE with respect to
Corporate Governance and the SEBI Guidelines in respect of corporate governance will be applicable
to our Company immediately upon the listing of our Company’s Equity Shares on the Stock Exchanges.
Our Company has taken necessary steps to implement the provisions and is complying with the
Corporate Governance norms detailed in the listing agreements to be enetered into with the stock
exchanges. The constitution of our Board of Directors is in compliance with the said provisions and it
has the necessary committees in place in compliance with the said provisions:
a) Audit Committee
b) Remuneration Committee
c) Shareholders/Investor Grievances Committee
Composition of Board of Directors
The Board of Directors of our Company has an optimum combination of executive and non-executive
Directors as required under Clause 49 of the Listing Agreement. Our Board has 10 Directors out of
which 5 are independent directors in accordance with the requirement of clause 49 of the listing
agreement of the stock exchanges.
Board Structure
Name and Designation Nature of Directorship
Mr. Amrut S. Gada Chairman and Managing Director
Mr. Dhiraj S. Gada Joint Managing Director
Mr. Mitesh K. Gada Wholetime Director
Mr. R. Subramanian Director – Operations
Mr. Ashish D. Karia Wholetime Director
Mr. Atul S. Bharani Independent and Non-Executive Director
Mr. Praful N. Satra Independent and Non-Executive Director
Ms. Vimla M. Shah Independent and Non-Executive Director
Mr. Hasmukh N. Shah Independent and Non-Executive Director
Mr. Mitil R. Chokshi Independent and Non-Executive Director
Audit Committee
Our Company has constituted an Audit Committee, as per the provisions of Section 292A of the
Companies Act. The constitution of the Audit Committee was approved at a meeting of the Board of
Directors held on October 20, 2007.
The terms of reference of Audit Committee complies with the requirements of Clause 49 of the
listing agreement, which will be entered into with the Stock Exchange in due course. The committee
consists of threeindependent directors and one executive director.
Sr. No. Name of the Director Designation Nature of Directorship
1) Mr. Mitil R. Chokshi Chairman Independent and Non-Executive
Director
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