Atul Ltd 2011-12

Atul Ltd | Annual Report 2011-12 3.2.2 Composition The Committee comprises two Members: Number Name Designation 1 Mr G S Patel Chairman 2 Mr S S Lalbhai Member Mr T R Gopi Kannan, President, Finance & Company Secretary is the Compliance Officer. 3.2.3 Meetings and Attendance During the year five meetings were held: Number Name Total Attended 1 Mr G S Patel 5 5 2 Mr S S Lalbhai 5 5 During the year, 25 complaints were received from the Investors. All the grievances were solved to the satisfaction of the Investors: Number Nature of Complaint Received Redressed 1 Non-receipt of dividend warrant 18 18 2 Non-receipt of share certificates 1 1 3 Non-receipt of duplicate share certificates 2 2 4 Others 4 4 Total 25 25 The Board notes the minutes of the Share Transfer and Shareholders’ | Investors’ Grievance Committee meetings. 3.3 Investment Committee 3.3.1 Role i) Approving capex proposals exceeding ` 3 cr each, as may be recommended by the Chairman & Managing Director ii) Approving business strategies as may be proposed by the Chairman & Managing Director iii) Approving sale of investments held in Equity Shares iv) Recommending to the Board acquisition and disinvestment or divestment proposals v) Recommending to the Board sale of non-operating assets for reducing debt, improving working capital position and for strengthening the Balance Sheet 3.3.2 Composition The Committee comprises five Members: Number Name Designation 1 Mr R A Shah Chairman 2 Dr S S Baijal Member 3 Mr S M Datta Member 4 Mr S S Lalbhai Member 5 Mr B S Mehta Member