Your browser is out-of-date!

For a richer surfing experience on our website, please update your browser. Update my browser now!

×

Board Committees

BOARD OF DIRECTORS

The Board of Directors of Elecon Engineering Company Limited is consists of the following Directors:

Shri Prayasvin B. Patel

Chairman & Managing Director

Non-Independent & Executive Director

Shri Prashant C. Amin

Executive Director

Non-Independent & Executive Director

Shri Pradip M. Patel

Director

Non-Independent & Non-Executive Director

Shri Chirayu R. Amin

Director

Independent & Non-Executive Director

Shri Jal R. Patel

Director

Independent & Non-Executive Director

Shri Jai S. Diwanji

Director

Independent & Non-Executive Director

Dr. Sonal V. Ambani

Women Director

Independent & Non-Executive Director

AUDIT COMMITTEE

The Audit Committee of Elecon Engineering Company Limited is consists of the following Members:

Shri Jal R. Patel

Chairman

Independent & Non-Executive Director

Shri Chirayu R. Amin

Member

Independent & Non-Executive Director

Shri Jai S. Diwanji

Member

Independent & Non-Executive Director

Shri Pradip M. Patel

Member

Non-Independent & Non-Executive Director

The terms of reference of the Audit Committee is in accordance with the Section 177 of the Companies Act, 2013 and Regulation 18 of the SEBI (LODR) Regulations, 2015.

NOMINATION AND REMUNERATION COMMITTEE

The Nomination & Remuneration Committee of Elecon Engineering Company Limited is consists of the following Members:

Shri Jai S. Diwanji

Chairman

Independent & Non-Executive Director

Shri Chirayu R. Amin

Member

Independent & Non-Executive Director

Shri Pradip M. Patel

Member

Non-Independent & Non-Executive Director

Terms of reference of Nomination and Remuneration Committee are as under:

  • Formulation of the criteria for determining qualifications, positive attributes and independence of a director and recommend to the Board a policy, relating to the remuneration of the directors, key managerial personnel and other employees
  • Formulation of criteria for evaluation of Independent Directors and the Board
  • Devising a policy on Board diversity
  • Identifying persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down, and recommend to the Board their appointment and removal. The company shall disclose the remuneration policy and the evaluation criteria in its Annual Report

STAKEHOLDERS RELATIONSHIP COMMITTEE

The Stakeholders Relationship Committee of Elecon Engineering Company Limited is consists of the following Members:

Shri Jal R. Patel

Chairman

Independent & Non-Executive Director

Shri Chirayu R. Amin

Member

Independent & Non-Executive Director

Shri Pradip M. Patel

Member

Non-Independent & Non-Executive Director

The terms of reference of Stakeholders Relationship Committee is to consider and resolve the grievances not only of equity shareholders but also of debentures/other securities holders, if any, including complaints related to transfer of shares, non- receipt of annual report and non-receipt of declared dividends. Besides that the Committee also considers and approves the transactions as may be referred to it by the Board of Directors.

CORPORATE SOCIAL RESPONSIBILITY COMMITTEE

The Corporate Social Responsibility Committee of Elecon Engineering Company Limited is consists of the following Members:

Dr. Sonal V. Ambani

Chairperson

Independent & Non-Executive Director

Shri Prayasvin B. Patel

Member

Non-Independent & Executive Director

Shri Prashant C. Amin

Member

Non-Independent & Executive Director

Terms of reference of Corporate Social Responsibility Committee are as under:

  • Formulation and recommend to the Board, a CSR policy and activities to be undertaken by the Company as per Schedule VII of the Companies Act, 2013
  • Recommend the amount of expenditure to be incurred on the activities; and
  • Monitor the Policy of the Company from time to time

RISK MANAGEMENT COMMITTEE

The Risk Management Committee of Elecon Engineering Company Limited is consists of the following Members:

Shri Prayasvin B. Patel

Chairman

Non-Independent & Executive Director

Shri Prashant C. Amin

Member

Non-Independent & Executive Director

Shri M. M. Nanda

Member

Chief Executive Officer (Gear Division)

Shri Jashvantlal S. Patel

Member

Chief Executive Officer (MHE Division)

Shri Rajkumar Pania

Member

Head – Business Support Management

Terms of reference of Risk Management Committee are as under:

  • Framing of Risk Management Plan and Policy
  • Overseeing implementation and to monitor Risk Management Plan and Policy
  • Periodically reviewing and evaluating the Risk Management Policy and practices with respect to risk assessment and risk management processes; and
  • Performing such other functions as may be necessary or appropriate for the performance of its oversight function

MANAGEMENT COMMITTEE

The Management Committee of Elecon Engineering Company Limited is consists of the following Members:

Shri Prayasvin B. Patel

Chairman

Non-Independent & Executive Director

Shri Prashant C. Amin

Member

Non-Independent & Executive Director

Shri Chirayu R. Amin

Member

Independent & Non-Executive Director

Shri Jal R. Patel

Member

Independent & Non-Executive Director