20 • the following information mandatorily: - appointment, removal and terms of remuneration of the Chief Internal Auditor - Internal Audit Reports relating to weaknesses in the internal control systems - ManagementDiscussionandAnalysis of financial condition and results of operations - management letters | letters of internal control weaknesses issued by the Statutory Auditors • the functioning of the whistleblowing mechanism • with the Internal Auditors any significant findings and follow-up thereon, including findings of any internal investigations into matters where there is suspected fraud or irregularity or failure of the internal control systems of material nature and reporting such matters to the Board • with the Management the statement of uses | applications of funds raised through an issue (public issue, rights issue, preferential issue, etc), the statement of funds utilised for purposes other than those stated and the report submitted by the monitoring agency monitoring the utilisation of proceeds of such issue v) Others: • Determi n i ng procedures for r i sk assessment and minimisation, and reviewing them periodically to ensure that the Executive Management controls risks throughmeans of a properly defined framework • Evaluating internal financial controls and risk management system • R e c omme n d i n g a p p o i n t me n t , remuneration and terms of appointment of the Auditors and approval for payment for any other services • Scrutinising inter-corporate loans and investments • Other functions asmentioned in the terms of reference of the Audit Committee 3.1.2. Composition The Committee comprises the following members, all having relevant experience in financial matters: No. Name Designation 1. Sudhir Merchant Chairman 2. Sujal Shah Member 3. Gopi Kannan Thirukonda Member 3.1.3. Meetings and attendance During 2022-23, four meetings were held: No. Name Total Attended 1. Sudhir Merchant 4 3 2. Sujal Shah 4 4 3. Gopi Kannan Thirukonda 4 4
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