The Company constituted the “Remuneration Committee” to recommend the Board of Directors, the compensation and remuneration of Directors and Senior Managerial Personnel.

TERMS OF REFERENCES
The remuneration policy of the Company is directed towards rewarding performance, based on periodic review of performance and achievements and is primarily based on the following criteria:

The remuneration policy of the Company is in line with the Industry’s practice. Objective of the remuneration Committee is to motivate employees to excel in their performance, recognize their contribution and retain talent in the organization.

COMPOSITION
The Committee comprised three Non-executive cum Independent Directors namely Mr. Pankaj Shrimali, Mr. S.K. Sapra and Mr. Vivek Kumar. Mr. Pankaj Shrimali is the Chairman of the Committee.