Amal Ltd 2013-14

Amal Ltd | Annual Report 2013-14 EXPLANATORY STATEMENT The following Explanatory Statement, as required by Section 102 of the Companies Act, 2013 sets out material facts including the nature and concern or interest of the Directors in relation to the items of Special Business under Item Nos 4, 5, 6, 7, 8 and 9 mentioned in the accompanying Notice dated June 25, 2014. Item No 4 Mr Naresh Singhal is an Independent Director of the Company. Mr Singhal is also the Chairman of the Audit and the Stakeholders’ Relationship Committee of the Board. Name Mr Naresh Singhal Date of birth August 10, 1936 Brief résumé Mr Naresh Singhal is a Director of the Company since July 22, 2010. Mr Singhal is a Member of Advisory board of International Chamber of Commerce - Financial Investigations Services, London. He has vast experience in the fields of Management, Banking and Finance of over five decades. Mr Singhal holds post graduate degree in Economics, Statistics and Administration. Directorship in other companies Public Companies: Binani Industries Ltd Birla Sun Life Asset Management Company Ltd Capital First Ltd Deepak Fertilisers & Petrochemicals Corporation Ltd Essar Bulk Terminal Ltd Essar Ports Ltd Essar Shipping Ltd Max India Ltd SCI Forbes Ltd - Chairman Tolani Shipping Company Ltd Membership in committees of other companies Chairman of Committee: Deepak Fertilisers & Petrochemicals Corporation Ltd - Audit Committee Max India Ltd - Audit Committee Tolani Shipping Company Ltd - Audit Committee Members of Committee: Binani Industries Ltd - Audit Committee | Investors Relation Committee | Remuneration Committee Birla Sun Life Asset Management Company Ltd - Remuneration Committee Capital First Ltd - Audit Committee |NominationCommittee | Remuneration Committee | Max India Ltd - Remuneration Committee | Shareholders & Investors Grievance Committee Tolani Shipping Company Ltd - Remuneration Committee Number of shares held in the Company Nil