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Details of Familiarization Programmes imparted to Independent Directors
As per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the details of the Familiarization Programmes imparted to Independent Directors for the Financial Year 2024-25 is given as below:
In Dhanuka, Familiarization Programmes for Independent Directors are conducted on regular basis and presentations are made by the management Team to understand various Group Policies, Emerging Scenario in the Agro Chemical Sectors, Changes in Senior Management, Litigations Cases, Major events, material developments, Financial Trends, Market Scenario, Company’s Strategies and Achievements etc.
Regular Presentations are also made by Mr. V.K. Bansal, Chief Financial Officer of the Company which includes updates on Regulatory, Business Environment, Risk Management, Company’s Policies and other relevant issues. Quarterly Operations Report which includes information on Business Performance, Operations, Market Share, Financial Parameters, Working Capital Management, Fund-Flows, Product Wise and Zones Wise performance, Peer Review etc.
Regular updates about New Regulatory Developments and its implications on Company as well as on Directors, Regular Compliance status of various laws are also updated to Board from time to time by Mr. Jitin Sadana, Company Secretary so as to enable Independent Directors about Compliance Management of the Company and any delay or default in the same.
Thus, all efforts were made to ensure that the Directors get well conversant with the state of the Company’s affairs and the Industry, in which it operates.
The details of the Familiarisation Programmes are given below:
| Name of the Directors | Financial Year 2024-25 | Cumulative till Financial Year 2024-25 | ||||
|---|---|---|---|---|---|---|
| No. of Programme conducted during the Financial year 2024-25 | No. of Programme Attended during the Financial year 2024-25 | No. of hours spend in programmes for the Financial year 2024-25 | No. of Programme conducted till the Financial year 2024-25 | No. of Programme Attended till the Financial year 2024-25 | No. of hours spend in programmes till the Financial year 2024-25 | |
Mr.Sachin Kumar Bhartiya | 1 | 0 | 0 | 13 | 6 | 6 |
Mr. Sanjay Saxena | 1 | 1 | 1 | 12 | 9 | 9 |
Mr. Bajrang Lal Bajaj | 1 | 1 | 1 | 8 | 6 | 6 |
Mrs. Namrata Gupta | 1 | 1 | 1 | 9 | 9 | 9 |
Mr. Siraj Ajmat Chaudhry | 1 | 0 | 0 | 9 | 7 | 7 |
Mr. Satish Kumar Gupta | 1 | 1 | 1 | 1 | 1 | 1 |
All Independent Directors are aware of their roles, functions and responsibilities in the Company. The Appointment Letter issued to them, inter alia sets out detailed terms of employment including their role, liabilities, fiduciary duties, Code of Conduct.
Independent Directors are provided with necessary information, documents, reports and Policies to familiarize them with the Company’s working.
Regular presentations are made at the Board and Committee Meetings, on business and performance updates of the Company, business environment, business strategy and risks involved. Quarterly updates on relevant Statutory changes are regularly provided to the Directors in Board Meetings.
Each Director has complete access to any information relating to the Company. They are provided all the documents sought by them to enable a good understanding of the Company and its operations.
Independent Directors have the freedom to interact with the Company’s Management. Further, they can independently discuss the Company’s affairs without the presence of the Executive Directors and put forth their combined views to the Board.
Composition, Roles, rights and responsibilities of the Board;
Company’s vision, mission, core values, ethics and Corporate Governance practices;
Business Structure and Overview, Corporate strategy, Business Plans and operations;
Familiarization with Company’s financial statements, performance, Internal control processes and Statutory Compliances;
Code of conduct for Directors.