Name of the Committee Composition of the Committee Highlights of roles and responsibilities Stakeholders Relationship Committee Dr. V Nagaraja Naidu (C) Mr. N Sri Vishnu Raju (M) Mr. Rajesh Thakur Ahuja (M) Mrs. N Bhuvaneswari (M) • The committee reviews and ensures redressal of investor grievances. • The committee noted that all the grievances of the investors have been resolved during the year. Risk Management Committee Mr. Rajesh Thakur Ahuja (C) Mr. N Sri Vishnu Raju (M) Mrs. Aparna Surabhi (M) Mrs. N Bhuvaneswari (M) • The purpose of the committee is to assist the Board in fulfilling its corporate governance with regard to the identification, evaluation & mitigation of operational, strategic and environmental risks efficiently and effectively. • The Company has developed and implemented a risk management framework that includes identification of elements of risk, if any, which in the opinion of the Board may threaten the existence of the Company. Management Committee Mrs. Aparna Surabhi(C) Mr. N Sri Vishnu Raju (M) Mr. M P Vijay Kumar (M) Mrs. N Bhuvaneswari (M) • Setting the strategic direction to guide and direct the activities of the organization; • Ensuring the effective management of the organization and its activities; and • Monitoring the activities of the organization to ensure they are in keeping with the founding principles, objects and values. Rights Issue Committee Mrs. N Bhuvaneswari (C) Mr. N Sri Vishnu Raju (M) Mrs. Aparna Surabhi (M) Mrs. N Brahmani (M) • To appoint, negotiate fees/remuneration/expenses and/or any other charges and enter into arrangements with Merchant banker(s), legal advisor(s), Banker(s), depository, registrar, Auditors, printer(s), monitoring agency if required and any other intermediaries, agencies or persons as may be required or desirable for giving effect to completion of rights issue process; • finalise the budget for expenses of the Rights Issue; • To provide any document or data to the intermediaries for the purpose of Rights issue. • approve and adopt the draft Letter of Offer, Letter of Offer, Application Form and such other as documents, as may be required for the Rights Issue, and file or submit the same with SEBI, stock exchanges and other concerned authorities and issue the same to the equity shareholders of the Company; • settle any question, difficulty or doubt of stock exchange, SEBI or such other authorities, whether regulatory or otherwise, as may be necessary in relation to the Rights Issue and that may arise in connection with the Rights Issue; • To do all acts, deeds, matters and things which they may, in their discretion, deem necessary or desirable for the purpose of the Rights Issue including any modification/correction thereof. C: Chairperson, M: Member Policies The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 mandated the formulation of certain policies for all listed companies. All the corporate policies are available in the Company website (www.heritagefoods.in/Investors/ policies). The policies are reviewed periodically by the Board and updated based on need and new compliance requirement. 79 Board’s Report | Statutory Reports
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