AUDIT COMMITTEE UNDER SEBI LODR

AUDIT COMMITTEE UNDER SEBI LODR. 1 Every listed entity shall constitute a qualified and independent audit committee 2 Minimum three directors as members 3 Two-thirds of the members of audit committee shall be independent directors 4 SR Equity Shares then all members of audit committee shall be independent directors 5 All members shall be financially literate and at least one member shall have accounting or related financial management expertise 6 Financially literate-ability to read and understand basic financial statements i.e. balance sheet, profit and loss account, and statement of cash flows Accounting or related financial management expertise-experience in finance or accounting, requisite professional certification in accounting or having been CEO/CFO/Other senior officer with financial oversight responsibilities.

7 Chairperson shall be independent director and present at Annual general meeting to answer shareholder queries 8 Company Secretary shall be Secretary to Audit Committee 9 Invite the finance director or head of the finance function, head of internal audit and a representative of the statutory auditor and any other such executives to be present at the meetings of the committee 10 Minimum 4 Meeting and gap between two meeting should not be more than 120 Days 11 Quorum - 2 Member or 1/3 whichever Higher with Two Independent Director.