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AMINES & PLASTICIZERS LTD

performance evaluation which are considered by the Nomination and Remuneration Committee and the Board
of Directors while making selection of the candidates. The details of this policy is available on the website of
the Company http://www.amines.com/pdf/policies/Nomination-Remuneration-Policy.pdf and briefly explained
in the Corporate Governance Report.
Declaration by Independent Directors :

The Company has received declaration of Independence from all the Independent Directors as required under
Section 149(7) of the Companies Act, 2013 confirming that they meet the criteria of independence under
Section 149(6) of the Companies Act, 2013.

Number of Meetings of the Board :

The Board met 7 times during the Financial Year 2018-19 i.e on 03rd April, 2018, 30th May, 2018, 13th August,
2018, 13th November, 2018, 18th December, 2018, 11th February, 2019 and 25th March, 2019. The particulars of
meetings held and attended by each Director are detailed in the Corporate Governance Report, which forms
part of this report.

COMMITTEES OF THE BOARD :
The Board has the following Committees :

1. Audit Committee (AC)

2. Nomination and Remuneration Committee (NRC)
3. Stakeholders Relationship Committee (SRC)

4. Corporate Social Responsibility Committee (CSR)

The details of the Committees along with their composition, number of meetings, attendance and related matters
are provided in the Corporate Governance Report, which forms part of this report.

BOARD EVALUATION :

During the year under review, pursuant to the applicable provisions of the Companies Act, 2013 and the SEBI
(Listing Obligations and Disclosure Requirements) Regulations 2015, a structured questionnaire was prepared after
taking into consideration various aspects of Board’s functioning like composition of the Board and its Committees,
Board culture, performance of specific duties and obligations.
The evaluation framework for assessing the performance of Directors of the Company comprises of important
parameters like qualifications, knowledge, level of engagement and contribution, skills and experience in the
respective fields, honesty, integrity, ethical behavior and leadership, Independence of judgment, attendance at the
meetings, understanding the business, regulatory, competitive and social environment, understanding strategic
issues and challenges etc.The Board of Directors expressed their satisfaction over the evaluation process.

CONSOLIDATED FINANCIAL STATEMENTS :

During the year under report, the Board of Directors (‘the Board’) reviewed the financial statement of the Company
and its subsidiaries. In accordance with Section 129(3) of the Companies Act, 2013 and applicable Indian
Accounting Standards, consolidated financial statements of the Company and its subsidiaries are prepared.Further,
a statement containing the salient features of the financial statement of the Subsidiary in the prescribed format
AOC 1 is annexed to the Financial Statements in the Annual Report.
In accordance with Section 136 of the Companies Act, 2013, the audited financial statements, including the

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BOARDS REPORT