Heritage Foods Limited | 30th Annual Report 2021-22

30 th Annual Report 2021-22 Heritage Foods Limited 114 to evaluate the effectiveness of the Board dynamics and relationships, information flow, decision-making of the directors, relationship to stakeholders, performance, strategy and the effectiveness of the whole Board and its various committees on a scale of one to five. Feedback on each director is encouraged to be provided as part of the questionnaire and shares the feedback with the Chairperson. The Chairperson discusses the feedback at the Board Meeting. 5. STAKEHOLDERS RELATIONSHIP COMMITTEE The Stakeholders Relationship Committee’s (SRC) composition and the terms of reference meet with the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and as specified in Section 178 of the Companies Act, 2013 & rules made thereof as amended from time to time as follows. i. Resolving the grievances of the security holders of the Company including complaints related to transfer/ transmission of shares, non-receipt of annual report, non- receipt of declared dividends, issue of new/ duplicate certificates etc. ii. Review of measures taken for effective exercise of voting rights by members iii. Review of adherence to the service standards adopted by the Company in respect of various services being rendered by the Registrar and Share Transfer Agent iv. Review of various measures and initiatives taken by the listed entity for reducing the quantum of unclaimed dividends and ensuing timely receipt of dividend warrants/ annual reports/statutory notices by the members of the Company v. To approve, Sub- division, Consolidation and issue of new/ duplicate share certificates, whenever requested for by the members of the company. The Committee authorised Vice Chairperson & Managing Director and Executive Director of the Company to sign the Memorandum of Share Transfer/Transmissions submitted by Registrar of Transfer Agent and counter signed by Company Secretary & Compliance Officer of the company and same to be rectified by the Committee in subsequent meeting if any. a) Name of non-executive director heading the committee: Dr. V Nagaraja Naidu – Non-executive Director b) Name and designation of compliance officer: Mr. Umakanta Barik, Company Secretary & Compliance Officer acts as the Secretary for the Committee, who is designated as Compliance Officer in pursuant to SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 as amended from time to time. c) Details of the Complaints/request during Financial Year 2021-22 as follows: No of complaints/request received: 106 No of complaints/request resolved: 106 No of pending complaints/request : NIL Composition, name of members and chairperson: Name Designation Category Dr. V Nagaraja Naidu Chairperson Non Executive Director Mr. N. Srivishnu Raju Member Non Executive Independent Director Mrs. N Bhuvaneswari Member Executive Director Mr. Rajesh Thakur Ahuja Member Non Executive Independent Director Four (4) Stakeholders Relationship Committee meetings were held during the financial year 2021-22. These were held on May 19, 2021, July 28, 2021, October 21, 2021 and January 21, 2022. The attendance details of the Committee Meeting are as follows:- Stakeholders Relationship Committee Attendance: Name No. of Meetings Held Attended Dr. V Nagaraja Naidu 4 4 Mr. N Srivishnu Raju 4 4 Mrs. N Bhuvaneswari 4 4 Mr. Rajesh Thakur Ahuja 4 4 5(a). Risk Management Committee In accordance with the provisions of Regulation 21 of the SEBI (LODR) Regulations and applicable provisions of the Companies Act, 2013, the Board constituted Risk Management Committee. The Committee’s prime responsibility is to implement, review and monitor the risk management plan and policy of the Company. The Committee shall be aware of the significant risk exposures of the Company and assess whether Management is responding appropriately towards them in timely manner. The Committee’s constitution and terms of reference meet with the requirements of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Companies Act, 2013, as amended from time to time.