d) Formulating criteria for determining qualifications, traits and independence of a Director and recommending to the Board a policy relating to the remuneration for the Directors, Key Managerial Personnel and other employees. e) Identifying persons who are qualified to become Directors and who may be appointed in Senior Management in accordance with the criteria laid down, recommending to the Board their appointment and removal and carrying out an evaluation of the performance of every Director. f) Recommending | determining remuneration of the Executive Directors | Senior Management Personnel as per the policy. 3.4.2 Composition, meetings and attendance The Committee comprises the following members. During 2024-25, two meetings were held: No. Name Designation Meetings entitled Meetings attended 1. Mukund Chitale1 Chairman 1 1 2. Baldev Arora2 Member 2 2 3. Rangaswamy Iyer3 Member 1 1 4. Shubhalakshmi Panse4 Member 2 2 5. Sujal Shah5 Member - - 1up to October 16, 2024 | 2Chairman effective October 17, 2024, up to March 31, 2025 | 3effective January 24, 2025 and Chairman effective April 01, 2025 | 4up to March 26, 2025 | 5effective January 24, 2025 The Board notes the minutes of the Nomination and Remuneration Committee meetings. 3.5 Risk Management Committee 3.5.1 Role a) Coordinate its activities with the Audit Committee in instances where there is any overlap with audit activities. b) Formulate a detailed risk management policy. c) Monitor and review risk management plan (including a plan for cyber security). d) Monitor and review the process and progress of: i) risk identification and definition ii) risk classification iii) risk assessment and prioritisation iv) risk mitigation v) risk tracking | reporting mechanism e) Review periodically and suggest changes in the Risk Management Policy to the Board. 3.5.2 Composition, meetings and attendance The Committee comprises the following members. During 2024-25, two meetings were held: No. Name Designation Meetings entitled Meetings attended 1. Sunil Lalbhai Chairman 2 2 2. Bharathy Mohanan Member 2 2 3. Gopi Kannan Thirukonda Member 2 2 4. Baldev Arora1 Member 2 2 5. Pradeep Banerjee2 Member - - 1up to March 31, 2025 | 2effective January 24, 2025 The Company Secretary and the Chief Assurance Officer are permanent invitees to the meetings. The Board notes the minutes of the Risk Management Committee meetings. 83 83 83 Corporate overview Performance overview ESG overview Statutory Reports Financial Statements
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