Investor Presentaiton
MRP
(d)
(e)
(f)
The Company has complied with the mandatory requirements
of Corporate Governance prescribed in Schedule II, Part A to
D of the Listing Regulations.
The Company has complied with all the applicable mandatory
requirements specified in Regulations 17 to 27 and Clauses
(b) to (i) of sub-regulation (2) of Regulation 46 of the Listing
Regulations.
The Board has laid down a Code of Conduct for all Directors
and senior management staff of the Company. The code
suitably incorporates for the Independent Directors their
duties as Independent Directors as laid down in Schedule IV of
the Companies Act, 2013. The code of conduct is available on
the website: www.mrftyres.com. All Directors and members of
the senior management have affirmed their compliance with
the code of conduct.
Your Company has also adopted a Code of Conduct to
regulate, monitor and report trading by Designated persons
and their Immediate Relatives as per SEBI (Prohibition
of Insider Trading) Regulations, 2015. All Directors and
designated persons who could have access to unpublished
price sensitive information of the Company are governed
by the Code. An annual disclosure was taken from the
Directors and designated persons, as at the end of the
year.
The Audit Committee reviews the financial statements of the
unlisted subsidiary companies. The minutes of the Board
Meetings of the unlisted subsidiary companies are placed at
the Board meeting of the Company including statement of all
significant transactions and arrangements entered into by then
unlisted subsidiary companies.
Your Company has formulated a policy on material subsidiary
as required under Regulation 16 of the Listing Regulations
and the policy is hosted on the website of the Company
(h)
(i)
under the web link: https://www.mrftyres.com/downloads/
download.php?filename=material-subsidary-policy.pdf The
Company does not have any material unlisted subsidiary
Company.
The Company has issued a formal letter of appointment to
all the Independent Directors. The terms and conditions of
their appointment have been disclosed on the Company's
website under the web link: https://www.mrftyres.com/
investor-relations/terms-and-conditions-of-appoinment-of-
independent
During the year, a meeting of the Independent Directors
was held as prescribed under applicable Listing Regulations
and the Companies Act, 2013. In the opinion of the Board,
Independent Director(s) fulfils the conditions specified
in the Listing Regulations and are Independent of the
Management.
During the financial year, none of the Independent Directors
of the Company have resigned before the expiry of their
tenure.
As required under the Listing Regulations, the Board of
Directors have identified the following core skills / expertise/
competencies as required in the context of its business and
sector for it to function effectively.
Core skills/expertise / competencies
General Business / Industry awareness
Functional Knowledge / General Management/
Administration
Communication and collaborative approach
The Board collectively has the abovementioned skills /
expertise/competence. The names of directors and the skills
they possess are given below:
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