|Corporate Governance is a process that
aims to meet shareholders aspirations and societal expectations. It is
a commitment that is backed by the fundamental belief of maximising
shareholders value, transparency in functioning, values and mutual
trust amongst all the constituents of organisation. It’s not a
discipline imposed by a Regulator, rather a culture that guides the
Board, management and employees to function towards the best interest
of shareholders. It involves essentially a creative, generative and
positive thinking activity that adds value to the various stakeholders
that are served as end customers of the corporate entity.
is committed to achieving highest level of transparency, openness and
accountability and fairness in all areas of operation, meeting the
aspirations of all its stakeholders with primary objective of enhancing
shareholders value, timely and balanced disclosure of all material
information to all the stakeholders and protection of their interest.
The Company has put in place a sound system of internal control to
mitigate the risks and comply with the laws of land, rules &
regulations in true letter and spirit with a view to provide oversight
and guidance to management in strategy implementation.
our Company, Corporate Governance philosophy stems from our belief that
corporate governance is a key element in improving efficiency and
growth as well as enhancing investor confidence and accordingly the
Corporate Governance philosophy has been scripted as under:
a good corporate citizen, the Company is committed to sound corporate
practices, based on conscience, openness, fairness, professionalism and
accountability in building confidence of its various stakeholders in it
thereby paving the way for its long term success.”
report on Corporate Governance of your company is placed at (ANNEXURE-V) and a certification from Auditors
regarding compliance of conditions of Corporate Governance by your
company for the year ended 31st March 2013 is also placed at (ANNEXURE-VI) to this report.