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VST Industries Limited
Significant development on the human resources and industrial relations front;
.
Quarterly details of foreign exchange exposure and the steps taken by the management to limit the risks of
adverse exchange rate movement;
Non-compliance of any regulatory, statutory or listing requirements as well as shareholders services such
as non-payment of dividend and delays in share transfer, if any; and
Minutes of meetings of subsidiary company.
The Board of Directors of your Company is routinely presented with all information under the above heads
whenever applicable and materially significant. These are submitted either as part of the agenda papers well in
advance of the Board Meetings or are tabled in the course of the Board Meetings or are tabled before the
appropriate Committees of the Board.
iii. None of the Directors on the Board is a member of more than ten committees or a chairman of more than five
such committees, across all the Companies in which he is a director as required under Clause 49 of the Listing
Agreement. All the Directors have made the requisite disclosures regarding committee positions held by them in
other companies.
(D) Code of Conduct
Your Board of Directors has adopted Code of Conduct for all the board members and senior management of the
Company and all the board members and senior managerial personnel have affirmed compliance with the Code of
Conduct for the current year. The Code of Conduct has also been posted on the website of the Company
www.vsthyd.com].
II. Audit Committee
(A) The Audit Committee comprises three Independent Directors, as detailed below:
Name of the Director
Position
Nature of Directorship
Mr. R.V.K.M. Suryarau
Mr. A. Basu Member
Chairman
Independent Non-Executive Director
independent Non-Executive Director
Air Chief Marshal I.H. Latif, P.V.S.M. (Retd.) | Member
Independent Non-Executive Director
Mr. N. Sai Sankar, Deputy Managing Director & Secretary, acts as the Secretary to the Audit Committee.
The Chairman of the Audit Committee was present at the Annual General Meeting of the Company held on 16th
July, 2009
(B) Meetings of Audit Committee and attendance during the year
During the financial year ended 3 1st March, 2010 four audit committee meetings were held on 21st April, 2009,
15th July, 2009, 15th October, 2009 and 12th January, 2010.
Name of Audit Committee Member
No. of meetings held
No. of meetings
attended
Mr. R.V.K.M. Suryarau
Mr. A. Basu
Air Chief Marshal I.H. Latif, P.V.S.M. (Retd.)
4
Annual Report 2009-10
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Source: https://www.industrydocuments.ucsf.edu/docs/rybx0223

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