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

Sr.No. Names Of Directors Designation Category
1 Shri Prayasvin B. Patel Chairman & Managing Director Non-Independent & Executive Director
2 Shri Prashant C. Amin Executive Director Non-Independent & Executive Director
3 Shri Pradip M. Patel Director Non-Independent & Non-Executive Director
4 Shri Chirayu R. Amin Director Independent & Non-Executive Director
5 Shri Jal R. Patel Director Independent & Non-Executive Director
6 Shri Jai S. Diwanji Director Independent & Non-Executive Director
7 Dr. Sonal V. Ambani Women Director Independent & Non-Executive Director

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

Sr.No. Names Of Directors Designation Category
1 Shri Jal R. Patel Chairman Independent & Non-Executive Director
2 Shri Pradip M. Patel Member Non-Independent & Non-Executive Director
3 Shri Chirayu R. Amin Member Independent & Non-Executive Director
4 Shri Jai S. Diwanji Member 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.

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

Sr.No. Names Of Directors Designation Category
1 Shri Jai S. Diwanji Chairman Independent & Non-Executive Director
2 Shri Chirayu R. Amin Member Independent & Non-Executive Director
3 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.

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

Sr.No. Names Of Directors Designation Category
1 Shri Jal R. Patel Chairman Independent & Non-Executive Director
2 Shri Chirayu R. Amin Member Independent & Non-Executive Director
3 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.

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

Sr.No. Names Of Directors Designation Category
1 Dr. Sonal V. Ambani Chairperson Independent & Non-Executive Director
2 Shri Prayasvin B. Patel Member Non-Independent & Executive Director
3 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;

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

Sr.No. Names Of Directors Designation Category
1 Shri Prayasvin B. Patel Chairman Non-Independent & Executive Director
2 Shri Prashant C. Amin Member Non-Independent & Executive Director
3 Shri M. M. Nanda Member Chief Executive Officer (Gear Division)
4 Shri Jashvantlal S. Patel Member Chief Executive Officer (MHE Division)
4 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.

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

Sr.No. Names Of Directors Designation Category
1 Shri Prayasvin B. Patel Chairman Non-Independent & Executive Director
2 Shri Prashant C. Amin Member Non-Independent & Executive Director
3 Shri Chirayu R. Amin Member Independent & Non-Executive Director
4 Shri Jal R. Patel Member Independent & Non-Executive Director

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.