Investor Presentaiton
MRP
3.
(c)
(d)
(e)
Mr. K M Mammen and Mr. Arun Mammen are brothers.
Mrs. Ambika Mammen is the wife of Mr. K M Mammen.
Dr. (Mrs) Cibi Mammen is the wife of Mr. Arun Mammen.
Mr. Rahul Mammen Mappillai and Mr Samir Thariyan
Mappillai are the sons of Mr K M Mammen and Mrs Ambika
Mammen. None of the other Directors are related to any
Board Member.
Dates of Board meetings
During the financial year ended 31st March, 2023, four Board
Meetings were held on 10.05.2022, 09.08.2022, 08.11.2022
and 09.02.2023.
Information placed before the Board
The Board of Directors periodically reviews reports regarding
operations, capital expenditure proposals, statutory
compliance and other required information as enumerated in
Part A of Schedule II of the Listing regulations and as required
under relevant provisions of the Companies Act, 2013.
Familiarization Programme
Presentations/briefings are made at the meeting of the Board
of Directors/Committees by KMP's/ Senior Executives of the
Company on industry scenario, Company's operating and
financial performance, raw material scenario, industrial
relations status, risk management etc. The details of
familiarization programme are available on the Company's
web site at https://www.mrftyres.com/investor-relations/
familiarization-programme-for-independent-director
Audit Committee
(i)
Reference
The powers, role and terms of reference of the Audit Committee
covers the areas as mentioned under Regulation 18 of the
Listing Regulations and Section 177 of the Companies Act,
2013, besides other terms as may be referred by the Board of
Directors. These, inter alia, include oversight of Company's
financial reporting process, internal financial controls,
reviewing the adequacy of the internal audit function,
reviewing with management the quarterly/annual financial
4.
(ii)
statements before submission to the Board, recommending
the appointment of statutory auditors and fixation of their
remuneration, approval of related party transactions,
evaluation of risk management systems etc.
Composition
The Audit Committee comprises of 3 Directors and all of them
being Independent Directors. The members of the Committee
are as follows:
Mr. Jacob Kurian
Mr. V Sridhar
Mr. Ranjit I Jesudasen
Chairman
Member
Member
Mr. S Dhanvanth Kumar, Company Secretary, is the Secretary
of the Committee.
Mr. K M Mammen, Chairman & Managing Director, Mr.
Arun Mammen, Vice Chairman and Managing Director and
Mr. Rahul Mammen Mappillai, Managing Director are
permanent invitees. The Executive Vice President Finance, Head
of Internal Audit, Statutory Auditors and other Executives, as
considered appropriate, also attend the meetings by invitation.
(iii) Meetings and Attendance
During the financial year ended 31st March, 2023, the
Audit Committee met on the following dates: 10.05.2022,
09.08.2022, 08.11.2022 and 09.02.2023. All the members of
the Committee were present for all the meetings.
Nomination and Remuneration Committee
(i)
Reference
In accordance with Section 178 of the Companies Act, 2013
and Regulation 19 of the Listing Regulations, the terms of
reference of the Committee include the following namely
formulation of criteria for determining qualifications, positive
attributes and independence of director, recommending
to the Board a policy relating to remuneration of directors,
key managerial personnel and other employees, formulation
of criteria for evaluation of directors performance, devising
a policy on Board diversity, identifying persons who are
qualified to become directors and who may be appointed in
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