Amal Ltd | Annual Report 2023-24 The Statutory Auditors, the Chairman, the Managing Director, the Chief Financial Officer, the Company Secretary, the Head of Finance, Accounts and Internal Audit are permanent invitees to the meetings. The Board notes the minutes of the Audit Committee meetings. 3.2 Corporate Social Responsibility Committee 3.2.1 Role a) Formulating and recommending the Corporate Social Responsibility (CSR) Policy to the Board. b) Formulating and recommending to the Board, the annual action plan, which must include: i) the list of CSR projects or programs that are to be undertaken ii) the manner of execution iii) the modalities of utilisation of funds and implementation schedules iv) monitoring and reporting mechanism v) details of need and impact assessment c) Indicating reasons to the Board in case the amount of expenditure is less than 2% of the average net profits in a given year. d) Monitoring the CSR Policy from time to time. e) Recommending the amount of expenditure to be incurred on the CSR activities, which may not be less than 2% of the average net profits of the last three years. 3.2.2 Composition, meetings and attendance The Committee comprises the following members. During 2023-24, one meeting was held: No. Name Designation Meetings entitled Meetings attended 1. Abhay Jadeja1 Chairman 1 1 2. Gopi Kannan Thirukonda Member 1 1 3. Rajeev Kumar Member 1 1 4. Jyotin Mehta2 Member - - 1 up to March 31, 2024 | 2 effective April 01, 2024 The Board notes the minutes of the CSR Committee meetings. 3.3 Nomination and Remuneration Committee 3.3.1 Role a) Devising a policy on the Board diversity. b) Evaluating the balance of skills, knowledge and experience on the Board and on the basis of such evaluation, prepare a description of the role and capabilities required of an Independent Director. c) Formulating criteria for evaluation of the Independent Directors and the Board.
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