Management Committee

Composition of the MC would be as follows:

  Designation
Managing Director/ CEO Chairman
Director Finance & CFO Member
Director Operations Member
Director Human Resources Member
Director Marketing & Sales Member        
Chief Internal Auditor Secretary
Director Technical Member

 

Role of the Committee

The committee is responsible for the following:

  • Routine operational matters arising out of day-to-day business.
  • Review results of monthly operations, sales, production, expenses and comparison of same with the approved budgetary targets and analysis of observed variances.
  • Review of raw material prices with special reference to international markets.
  • Review of selling prices in view of changing market scenarios.
  • Review and finalization of budget for presentation to and approval by the Board.
  • Exploring new prospects for sustainable growth.

Committee's Procedures

Formal meetings are conducted on a monthly basis or more frequently as circumstances dictate.

The Company Secretary is the secretary of the Management Committee. A record is maintained of the minutes of the meetings.