The Audit Committee of SBIPL Projects Limited has been constituted in accordance with the applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013.
Composition
| Name | Designation | Category |
|---|---|---|
| Mr. Kunal Sharma (DIN 11278921) | Chairman | Independent Director |
| Mr. Vipul Vishnu Awaghade (DIN 07802786) | Member | Independent Director |
| Mr. Surender Pal (DIN 03505172) | Member | Managing Director |
Secretary to the Committee: Mr. Kumar Naveen (Membership No. 71701), Company Secretary of the Company, acts as Secretary to the Audit Committee.
Terms of Reference
The Committee shall act in accordance with Section 177 of the Companies Act, 2013 read with the Companies (Meetings of Board and its Powers) Rules, 2014, and Regulation 18 of SEBI (LODR) Regulations, 2015, and the terms of reference approved by the Board. Further, the Audit Committee shall mandatorily review such information as required under applicable law and the Board-approved terms of reference.
- Review and oversee the relevant processes and compliance requirements
- Ensure adherence to statutory and regulatory frameworks
- Report to the Board on matters within its purview
- Review reports submitted by management and external agencies
- Recommend actions to the Board as deemed necessary
Meetings
The committee shall meet at least once every quarter. Details of meetings and attendance will be disclosed in the Corporate Governance Report forming part of the Annual Report.