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Corporate Governance |
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The Company believes that sound corporate Governance is critical to enhance and retain a stakeholder's trust. Accordingly, the company has consistently practiced good corporate governance. The company creates an environment for an efficient and ethical conduct of business to enable the Management to meet its obligations in a fair, transparent and equitable manner to all stakeholders. The company envisages the attainment of a high level of transparency and accountability in the functioning of the company and the conduct of its business internally and externally. |
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We comply with the SEBI Guidelines in respect of corporate governance, especially with respect to broad basing of the board, constituting the committees such as the Audit Committee and the Shareholders'/Investors' Grievance Committee.
We are also in compliance with the requirements of SEBI circular bearing number SEBI/CFD/DIL/CG/1/2004, which notifies revised corporate governance guidelines, by the required date (currently notified as December 31, 2005) for listed entities.
Kesar Enterprises has carved out the following committees of our Board of Directors for institutionalizing compliance with corporate governance requirements:
Audit Committee
Remuneration Committee
Investors’ Grievance and Share Transfer Committee
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The Audit Committee consists of :
(1) Shri K. D. Sheth, Chairman of the Audit Committee and Non-Executive Independent Director;
(2) Shri A. S. Ruia, Non-Executive Independent Director;
(3) Shri K. Kannan, Non-Executive Independent Director
The said Directors are financially literate and have an accounting or related financial management expertise. Shri D. J. Shah, Sr. Vice President (Legal) & Company Secretary is the Secretary to the Audit Committee.
The Company has a full-fledged Internal Audit Department headed by Dy. General Manager, which performs a periodical internal audit of the various functions of the Company. The reports of the Internal Audit Department are placed before the Audit Committee along with the comments of the Management on the action taken to remedy any deficiencies that may be observed on the working of the various departments of the Company.
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The Remuneration Committee consists of Shri A. S. Ruia, Shri K. Kannan and Shri K. D. Sheth, the Non-Executive Independent Directors of the Company. The Committee determines the company's remuneration policy, with regard to performance standards and existing industry practices. |
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Share Transfer Committee: |
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The Share Transfer Committee of the Company consists of Shri H. R. Kilachand, Chairman of the Committee, Shri K. D. Sheth and Shri A. S. Ruia to review and approve the transfer of shares, issue of duplicate share certificates and requests regarding transmission of shares received from the heirs of deceased shareholders. The Committee meets regularly from time to time for the above purpose, to ensure a prompt return of securities to the shareholders. |
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Asset Management Committee: |
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The Asset Management Committee consists of Shri A. S. Ruia, Shri K. Kannan and Shri K. D. Sheth, the Non-Executive Independent Directors of the Company. |
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The Shareholders / Investors Grievance Committee consist of Shri K. D. Sheth, Chairman of the Committee, Shri H. R. Kilachand and Shri A. S. Ruia. No sitting fee is paid to the Directors for attending Shareholders / Investors Grievance Committee. |
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The Board has designated Shri D. J. Shah, Sr. Vice President (Legal) & Company Secretary, as the Compliance Officer of the Company. |
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General Shareholder’s information: |
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Registered Office |
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Oriental House, 7, Jamshedji Tata Road,
Churchgate, Mumbai-400020
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Plant Locations |
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Sugar Factory, Spirits & Bottling
at Baheri, Dist. Bareilly, U. P., R & D at Hyderabad. |
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Listing on Stock Exchange |
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Mumbai
BSE Scrip Code : 507180
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Stock Exchange Code Number |
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NSE Symbol : KESARENT |
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Demat ISIN numbers in NSDL & CDSL |
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TINE133B01019 |
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Investor Grievance ID |
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djs@kesarindia.com |
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