Mr. Chhotu Ram Sharma Chairman
Mr. Rakesh Batra Member
Mr. Shailendra Swarup Member
Mr. Anil Aggarwal Member
Terms of reference
Audit Committee shall act in accordance with the terms of reference specified in
writing by the Board, which shall include the following:
  •  Recommendation for appointment, remuneration and terms of
    appointment of auditors of the company;
  • Review and monitor the auditor’s independence and performance,
    and effectiveness of audit process;
  • Examination of the financial statement and the auditors’ report
  • Approval or any subsequent modification of transactions of the
    company with related parties;
  • Scrutiny of Inter-Corporate Loans and Investment;
  • Valuation of undertaking or assets of the company, wherever it is
  • Evaluation of internal financial controls and risk management
  • Monitoring the end use of funds raised through public offers and
    related matters;
  • Calling comments of the auditors about internal control systems, the
    scope of audit, including the observations of the auditors and review
    of financial statement before their submission to the Board and
    Discussing any related issues with the internal and statutory auditors
    and the management of the company;
  • Investigation into any matter in relation to the items specified above
    or referred to it by the Board and for this purpose committee shall
    have power to obtain professional advice from external source;
  • Committee shall have access to information contained in the records
    of the Company;
  • discussion with internal auditors of any significant findings and
    follow up there on;
  • consider and comment on rationale, cost-benefits and impact of
    schemes involving merger, demerger, amalgamation etc., on the
    listed entity and its shareholders