The powers, role and terms of reference of the Audit Committee covers the areas as contemplated under Clause 49 of the Listing Agreement and Section 292A of the Companies Act, 1956 besides other terms as may be referred by the Board of Directors.The Audit Committee constituted by the Board of Directors consists of four Directors namely, Mr. Sudhindra Jain, Chairman, Mr. P.N. Kapoor, Mr. Subhash Sapra, Mr. Irshad Mirza, members.

Mr. D.C.Pandey, Company Secretary of the company acts as a Secretary to the Committees of the Board.

Shareholders/Investor's grievance committee looks into the redressing of shareholders’ and investors’ complaints like transfer of shares, non-receipt of balance sheet, dividend etc and the action taken by the company .The committee specifically works to assure timely redressal without any pendency. The Committee consists of Mr. P.N. Kapoor as Chairman, Mr. Sudhindra Jain, Mr. Tasneef Ahmad Mirza and Mr. Q.N. Salam as member.

The Remuneration Committee of the company recommends to the Board the compensation terms of Executive directors and its responsibilities include: a) Framing and implementing on behalf of the Board and on behalf of the shareholders, credible and transparent policy on remuneration of executive Directors; b) Considering, approving and recommending to the Board the changes in designation and increase in salary of the executive Directors; c) Ensuring that remuneration policy is good enough to attract, retain and motivate the Directors; d) Bringing about objectivity in determining the remuneration package while striking a balance between the interest of the company and the shareholders.

The Committee constituted by the Board of Directors consists of four independent non-executive directors namely, Mr. Q.N. Salam as Chairman, Mr. P.N. Kapoor, Mr. Subhash Sapra, and Mr. Islamul Haq as member.