Investor Presentaiton
MRP
d)
e)
f)
Company's policy on directors' appointment including criteria
for determining qualifications, positive attributes, independence
of a director and other matters provided under sub-section (3) of
section 178 Para 5, 6 of the Corporate Governance Report. The
nomination and remuneration policy is also available on the website
of the Company. https://www.mrftyres.com/downloads/download.
php?filename=nominatio-%20and-remuneration-policy.pdf
Related Party Transactions - Para 14(a) of the Corporate Governance
Report.
Vigil Mechanism - Para 14 (c) of the Corporate Governance Report
The details of related party transactions are given in note 28d of the
financial statements.
Business Responsibility and Sustainability Report
Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, the Business Responsibility and
Sustainability Report of the Company for the financial year ended
31st March 2023 in the prescribed format, giving an overview of the
initiatives taken by the Company from an environmental, social and
governance perspective, forms part of this Annual Report.
Particulars of Employees
Disclosures with respect to the remuneration of the Directors, KMP's
and Employees as required under Section 197(12) of the Companies
Act, 2013 read with Rule 5 (1) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 are given in
Annexure V to this Report.
Further, the disclosures pertaining to remuneration of employees as
required under Section 197(12) of the Companies Act, 2013 read with
Rule 5 (2) and (3) of the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014 have been provided in the
appendix forming part of this report. Having regard to the provisions
of Section 136(1) read with relevant provisions of the Companies Act,
2013, the Annual Report excluding the aforesaid information is being
sent to the members of the Company. The said information is available
for inspection at the Registered Office of the Company during working
hours and any member interested in obtaining such information may
write to the Company Secretary and the same will be furnished to the
members.
During the financial year under review, the Company has not received
any complaint under The Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013. Further, Company
has complied with provisions relating to the constitution of Internal
Complaints Committee under the Sexual Harassment of Women at
Workplace (Prevention, Prohibition and Redressal) Act, 2013.
Deposits
Your Company had discontinued acceptance of fixed deposits with
effect from 31st March, 2019 and all deposits have been repaid. No fresh
deposits have been accepted subsequently.
Auditors
MM Nissim & CO LLP, Chartered Accountants, (Firm Regn No. 107122W
/W100672), Mumbai and Messrs. Sastri & Shah, Chartered Accountants
(Firm Regn No.: 003643S), Chennai were appointed as joint statutory
auditors of the Company for a term of 5 (five) consecutive years, at the
Annual General Meeting of the company held on 12th August, 2021 and
4th August, 2022.
Auditors Report to the shareholders for the financial year ended
31st March, 2023, does not contain any qualification.
Cost Audit
The Board of Directors, on the recommendations of the Audit Committee,
has approved the re-appointment of Mr. C. Govindan Kutty, Cost Accountant
(Mem. No. 2881), as Cost Auditor of the Company for the financial year
ending 31st March, 2024, under section 148 of the Companies Act, 2013,
and recommends ratification of his remuneration by the shareholders at the
forthcoming Annual General Meeting of the Company.
Secretarial Audit
Pursuant to provisions of Section 204 of the Companies Act, 2013
read with rule 9 of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014, your Company engaged the services
of Mr K Elangovan, Elangovan Associates, Company Secretaries, Chennai
to conduct the Secretarial Audit of the Company for the financial year
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