Amal Ltd | Annual Report 2024-25 Amal Ltd 42 h) Facilitating the Independent Directors to perform their role effectively as the Board Members and also as the members of Committees. i) Meeting the expectations of operational transparency of the stakeholders while maintaining the confidentiality of information in order to foster a culture of good decision-making. 2.2. Appointment and tenure 2|3rd of the Directors (other than the Independent Directors) are rotational Directors. 1|3rd of rotational Directors retire in every Annual General Meeting (AGM) and, if eligible, offer themselves for reappointment. The Managing Director is appointed by the members for a period of up to five years. 2.3. Composition, name, other directorships | committee memberships The Board comprises experts drawn from diverse fields | professions. Currently, it consists of seven members comprising six Non-executive Directors (four Independent and two Non-independent) and one Managing Director. The Independent Directors account for 57% of the strength of the Board, as against the minimum requirement of 50% as per the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Regulations) and 33.33% as per the Companies Act, 2013. The Independent Directors fulfil the conditions specified in the Regulations and are independent of the Management. The Board has identified the following skills | expertise | competence as required to be possessed by the Board of Directors to ensure the effective functioning of the business(es) and sectors of the Company. The mapping of these skills | expertise | competence among the Directors is as given here: Skills | expertise | competence Names of Directors Commercial Sunil Lalbhai, Rajeev Kumar Domain industry Sunil Lalbhai, Rajeev Kumar Finance Gopi Kannan Thirukonda, Jyotin Mehta, Drushti Desai, Venkatraman Srinivasan General management Sunil Lalbhai, Rajeev Kumar Legal, including laws related to corporate governance Gopi Kannan Thirukonda, Jyotin Mehta, Dipali Sheth Sales and marketing Sunil Lalbhai, Rajeev Kumar Science and technology Sunil Lalbhai, Rajeev Kumar The Non-executive Directors are eminent professionals drawn from the above areas. Relevant details about the Board Members are as under:
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