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

• To look into the reasons for substantial defaults in the payment to the depositors,
debenture holders, shareholders (in case of non payment of declared dividends)
and creditors.
• To review the functioning of the Whistle Blower mechanism, in case the same is
existing
• Carrying out any other function as is mentioned in the terms of reference.
III. The Audit Committee shall also review the following information:
a. Management discussion and analysis of financial condition and results of operations;
b. Statement of significant related party transactions submitted by management;
c. Management letters / letters of internal control weaknesses issued by the statutory
auditors;
d. Internal audit reports relating to internal control weaknesses; and
e. The appointment, removal and terms of remuneration of the Chief internal auditor shall be
subject to review by the Audit Committee
Remuneration Committee
Our Company has constituted the Remuneration Committee. The constitution of the Remuneration
Committee was approved by a meeting of the Board of Directors held on October 20, 2007. The
Remuneration Committee has been formed to decide and approve the terms and conditions for
appointment of executive directors and/ or whole time directors and remuneration payable to other
directors and matters related thereto.
Sr. No. Name of the Director Designation Nature of Directorship
1) Mr. Praful N. Satra Chairman Independent and Non-Executive
Director
2) Mr. Atul S. Bharani Member Independent and Non-Executive
Director
3) Ms. Vimla M. Shah Member Independent and Non-Executive
Director
The Terms of reference of the Remuneration Committee are given below:
� To recommend to the Board, the remuneration packages of the Company’s Managing/Joint
Managing/ Deputy Managing/Whole time / Executive Directors, including all elements of
remuneration package (i.e. salary, benefits, bonuses, perquisites, commission, incentives, stock
options, pension, retirement benefits, details of fixed component and performance linked
incentives along with the performance criteria, service contracts, notice period, severance fees
etc.);and
� To authorise at its duly constituted meeting to determine on behalf of the Board of Directors and
on behalf of the shareholders with agreed terms of reference, the Company’s policy on specific
remuneration packages for Company’s Managing/Joint Managing/ Deputy Managing/ Whole-time/
Executive Directors, including pension rights and any compensation payment;
Shareholders/Investor Grievances Committee
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