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Taj has been practicing good Corporate Governance even before Securities Exchange
Board of India (SEBI) made it a mandatory requirement from 2001.
Out of more than 5000 companies listed with the Bombay Stock Exchange the Company
is categorized as an “A Group” Company which group comprises only 200 companies
and the criteria for selection is based on Market Capitalisation, Liquidity, Industry
Representation, Listed History and track record of Compliance.
Being a TATA group Company, the Company goes beyond the mandatory requirements of
Corporate Governance and conducts business in a fair and transparent manner. It
maintains good investor relationships and endeavors to deliver to investor consistent
quality services.
Board of Directors
The Chairman of the Company is a Non Executive Director
The Board of Directors of the Company comprises 13 Directors, of which 10 Directors
are Non Executive Directors, 7 of whom are Independent Directors.
The Company has one Managing Director and two Executive Directors.
The Board of Directors meet regularly and all information that is required by statutes
and the Listing Agreement is placed before the Board and transacted.
Committees of the Board
Audit Committee
The Audit Committee comprises three Independent Directors. The members of the committee
have the relevant experience in the field of finance, banking and accounting.
The Audit Committee meets at the end of every quarter and reviews with the management
the financial statements and results before submission to the Board of Directors.
Share Transfer & Shareholders/Investor Grievance Committee
The Committee comprises three Directors including the Vice - Chairman, the Managing
Director and a Director of the Company.
The Committee meets at the end of each quarter and reviews the report submitted
by the in-house share registry on the status of transfers, demats and investors
grievances if any.
Remuneration Committee
The Committee comprises four Non Executives Directors
An Independent Director chairs the committee.
The Company has a remuneration policy in place that is based on criteria such as
industry benchmarks, the Company’s performance vis-ŕ-vis the industry, performance
track record of the Director.
Insider Training
The Company follows a strict code on Insider Trading mandated by the TATA Group.
The process is closely monitored and adhered to strictly.
Shareholder Relations
The Company has a state of art in-house share registry that is registered as a Category
I Registrar with SEBI.
The Company has over 1,66,000 members.
As on date approximately 96.32% of the Equity Share Capital of the Company has been
dematerialized.
All correspondence and grievance received from shareholders are responded to within
48 hours.
All valid transfers are processed within 7 days
All demat requests are processed within 48 hours of receipt
All enquiries are recorded on the system and responded to immediately
All the financial results are promptly reported to the Stock exchange(s) and published
in leading newspapers. The results are also simultaneously uploaded on the Company’s
web site.
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