Board Of Directors

BOARD OF DIRECTORS & BOARD COMMITTEES

Board of Directors

The Board of Directors of Anil Fashions Limited (“AFL” or “the Company”) provides strategic leadership and oversight for the Company’s business and affairs. The Board is responsible for guiding the Company’s long-term strategy, monitoring performance, ensuring appropriate governance standards and safeguarding the interests of stakeholders.

The Board comprises experienced professionals with expertise across business management, manufacturing, finance and strategic decision-making.

Composition of the Board

Name    Designation    Category
Mr. Navin Agarwal    Managing Director    Promoter
Mr. Ashok Ramniwas Agarwal    Director    Promoter
Mr. Anup Ramniwas Agarwal    Director    Promoter
Mr. Ajay Govind Agarwal    Director    Non-Executive Independent Director
Mr. Raghav Modi    Director    Non-Executive Independent Director
Ms. Ummay Amen Hitawala    Director    Non-Executive Independent Director

Note: The composition of the Board may be revised from time to time in accordance with applicable laws and regulatory requirements.

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Board Committees

The Board has constituted various committees to provide focused oversight and assist the Board in discharging its responsibilities effectively. The Committees operate within their respective terms of reference and in accordance with applicable provisions of the Companies Act, 2013 and other applicable laws and regulations.

Audit Committee

The Audit Committee assists the Board in overseeing the Company’s financial reporting, internal controls, audit processes and related matters.

Name    Position in Committee    Nature of Directorship
Mr. Ajay Govind Agarwal    Chairman    Non-Executive Independent Director
Mr. Raghav Modi    Member    Non-Executive Independent Director
Mr. Navin Agarwal    Member    Managing Director

Key Responsibilities

* Review of financial statements and financial reporting processes.
* Oversight of internal financial controls and audit processes.
* Review of statutory and internal audit matters.
* Examination of significant financial and accounting matters.
* Review of related party transactions, wherever applicable.
* Monitoring the adequacy of internal control systems.
* Review of findings and recommendations of auditors.
* Such other functions as may be prescribed or assigned by the Board.

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Corporate Social Responsibility Committee

The Corporate Social Responsibility Committee assists the Board in formulating, implementing and monitoring the Company’s CSR initiatives in accordance with applicable statutory requirements.

Name    Position in Committee    Nature of Directorship
Mr. Ajay Govind Agarwal    Chairman    Non-Executive Independent Director
Mr. Raghav Modi    Member    Non-Executive Independent Director
Mr. Navin Agarwal    Member    Managing Director

Key Responsibilities

* Formulation and recommendation of the CSR Policy.
* Identification and recommendation of CSR activities.
* Recommendation of CSR expenditure to the Board.
* Monitoring implementation of CSR initiatives.
* Reviewing the progress and impact of CSR activities.
* Ensuring appropriate reporting and compliance relating to CSR matters.

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Nomination & Remuneration Committee

The Nomination & Remuneration Committee assists the Board in matters relating to the appointment, evaluation and remuneration of Directors and senior management.

Name    Position in Committee    Nature of Directorship
Mr. Ajay Govind Agarwal    Chairman    Non-Executive Independent Director
Mr. Raghav Modi    Member    Non-Executive Independent Director
Ms. Ummay Amen Hitawala    Member    Non-Executive Independent Director

Key Responsibilities

* Identifying and recommending candidates for appointment to the Board and senior management.
* Recommending appropriate criteria for qualifications, experience and other attributes of Directors.
* Reviewing the performance of Directors and senior management, as applicable.
* Recommending remuneration policies and structures.
* Considering succession planning for key managerial positions.
* Such other functions as may be assigned by the Board or prescribed under applicable law.

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Stakeholders’ Relationship Committee

The Stakeholders’ Relationship Committee focuses on protecting and facilitating the interests of shareholders and other security holders of the Company.

Name    Position in Committee    Nature of Directorship
Mr. Ajay Govind Agarwal    Chairman    Non-Executive Independent Director
Mr. Raghav Modi    Member    Non-Executive Independent Director
Mr. Navin Agarwal    Member    Managing Director

Key Responsibilities

* Review and resolution of shareholder and security-holder grievances.
* Monitoring investor and stakeholder communications.
* Review of requests and complaints relating to securities, wherever applicable.
* Monitoring the mechanism for timely resolution of stakeholder concerns.
* Reviewing matters relating to shareholder services.
* Such other functions as may be assigned by the Board.

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Key Managerial Personnel

For completeness, the website can separately display the Company’s key managerial personnel alongside the Board:

Name    Designation
Mr. Navin Agarwal    Managing Director
Mr. Pratik Navin Agarwal    Chief Financial Officer
Ms. Raina Singh    Company Secretary

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Corporate Governance

At Anil Fashions Limited, the Board of Directors and its Committees provide an important framework for transparency, accountability, responsible decision-making and effective corporate governance.

The Company is committed to conducting its business in accordance with applicable laws and regulations while maintaining appropriate standards of ethical business conduct and stakeholder responsibility.

The Board and its Committees periodically review the Company’s performance, governance framework, internal controls, risk management and other matters within their respective areas of responsibility.

Investor & Corporate Governance Documents

The Company’s website may provide access to the following documents under the Investor Relations / Corporate Governance section:

* Board of Directors
* Board Committee Composition
* Terms of Reference of Committees
* Annual Reports
* Financial Statements
* Corporate Governance Policies
* Code of Conduct
* Nomination & Remuneration Policy
* CSR Policy
* Related Party Transaction Policy
* Vigil Mechanism / Whistle Blower Policy
* Shareholder Information
* Statutory Disclosures
* Notices and Proceedings of General Meetings