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ANNUAL REPORT 2018 - 2019

REPORT ON CORPORATE GOVERNANCE

Good Corporate Governance aims at enhancing the value of the Company and all its stakeholders in the long
term by ensuring transparency, disclosures, accountability and integrity into business practices. The Company
believes that the ethical business practice is the important attribute for all-round growth of a Company. As
envisaged in the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has
been sharing all necessary information and complying with all the applicable requirements of the said
Regulations. The Corporate Governance is about maintaining a valuable relationship and trust with all the
stakeholders, commitment to values and promoting corporate fairness. Your Company has a strong foundation
that reflects its ethical values through just and equitable corporate behavior, compliance of laws in true letter
and spirit and application of best management practices.
Your Company confirms the compliance with the requirements of Corporate Governance as enlisted in the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time.

1. Board of Directors (Board)
a) Composition and Category of Directors:

The Board of Directors of your Company as on 31st March, 2019, comprises of Chairman & Managing
Director, One Executive Director, Four Non Executive & Independent Directors and Two Non- Executive
& Non- Independent Directors; one of them is a Women Director. The composition of the Board of
Directors is in conformity with the applicable provisions of the SEBI (LODR) Regulations, 2015 as well as
the Companies Act, 2013 read with applicable rules.

As mandated under Regulation 26(1) of the SEBI (LODR) Regulations, 2015, none of the Directors is a
member in more than Ten Committees and none of them is a Chairperson of more than Five
Committees across all listed entities in which they are Directors. As per declarations given, none of the
directors serves as an Independent Director in more than Seven listed companies. Further, the
Chairman & Managing Director of the Company does not serve as an Independent Director in any
listed company.

Board Meetings
The Meetings of the Board are held at the Corporate Office of the Company in Mumbai.

Name of the Director Date Category of Attendance No.of other directorships and committee
of joining Directorship particulars chairmanship s and memberships in Public
the Board Companies other than AP L
Board Last Other Committee
Meeting AGM Directorships # @
(Category of Directorship) M C
Mr.Hemant Kumar Ruia 30/05/1992 CMD and Promoter 7 Yes 1. APL Infotech Ltd(Chairman) - -
2. The Seksaria Biswan Sugar
Factory Ltd (Independent 2 -
Director)
3. APL Holdings & Investments - -
Ltd (Non-Executive Director)
Mr.Yashvardhan Ruia 10/05/2017 ED and Promoter 7 Yes 1. APL Infotech Ltd (Executive - -
Director)
2. Alumilite Architechurals Ltd.
(Independent Director)
3. Western India Automobile
Association ( Professional
Director)
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CORPORATE GOVERNANCE