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Investor Desk
Corporate Governance
For any assistance / information, please get in touch with our Investor desk or write to the Company on the exclusive e-mail id investors@parag.com for easy and quick redressal of their grievances.
Registered Office:
Flat No 1, Plot No 19,
Nav Rajasthan Housing Society,
Behind Ratna Memorial Hospital,
Pune, Pin-411016
Maharashtra, India
Head - Investor Relations
Ms. Sangeeta Tripathi
sangeeta.tripathi@parag.com
Tel No. (022) 4300-5555
Policies
Board Committee
Board Of Directors
Corporate Governance Report
Revised Memorandum of Association
Original Articles of Association
Familiarisation Programme for Independent Directors_2020-21
Parag Milk Foods Revised Corporate Social responsibility Report (CSR)
Parag Milk Foods Dividend distribution Policy
Appointment of Nodal Officer
POSH Policy
Familiarisation Programme for Independent Directors 2019-20
Policy on prohibition of Insider Trading
Whistle Blower Policy
Policy On Terms And Conditions Of Appointment Of Independent Director
Policy On Related Party Transactions
Policy On Preservation Of Archival Of Documents
Policy On Nomination And Remuneration Committee
Policy On Determining Materiality Of An Event
Policy On Code Of Conduct For Board Directors And Senior Management
Familiarization Programme for Independent Directors for FY 2018-19
Code of practices & procedures for fair disclosure of UPSI
Information regarding Employees Stock Option Schemes Regulation 14, SEBI(Share Based Employee Benefits) Regulations, 2014
BSE Circular to Listed Companiesto hold Sharesin Demat Form
Criteria of making payments to Non-Executive Directors
Policy for Material Subsidiaries.
Policy on Board Diversity
Towards implementation and continuation of sound code of corporate governance practices, four committees are operating within Parag Milk Foods for specific purposes.
The Audit Committee was constituted by a meeting of our Board at their meeting held on June 17, 2011 and reconstituted on October 3, 2012, February 27, 2015, May 26, 2015, July 28, 2015 , November 09, 2016 , November 06, 2017 and June 29, 2020. The scope and functions of the Audit Committee are in accordance with Section 177 of the Companies Act, 2013 and Regulation 18(3) of the SEBI Listing Regulations.
The members of the Audit Committee are:
| 1 | Mr. Nitin Dhavalikar | Chairman |
| 2 | Mr. Ramesh Chandak | Member |
| 3 | Mr. Pritam Shah | Member |
| 4 | Mr. Narendra Ambwani | Member |
The Stakeholders Relationship Committee was constituted by our Board at their meeting held on July 28, 2015 and reconstituted on November 09, 2016 and August 06, 2018. This committee is responsible for the redressal of shareholder grievances and scope and functions of said committee are in accordance with Part D of Schedule II to Regulation 20 (4) of the SEBI (LODR) Regulations, 2015 as well as under Section 178 of the Companies Act, 2013.
The members of the Stakeholders‟ Relationship Committee are:
| 1 | Mr. B.M.Vyas | Chairman |
| 2 | Mr. Devendra Shah | Member |
| 3 | Mr. Pritam Shah | Member |
| 4 | Mr. Nitin Dhavalikar | Member |
The Nomination and Remuneration Committee was constituted as the Remuneration Committee‘ by our Board at their meeting held on October 3, 2012 and was reconstituted on February 27, 2015, May 26, 2015, July 28, 2015, August 27, 2015, September 9, 2015 , November 09, 2016 and November 06, 2017. The scope and function of the Nomination and Remuneration Committee is in accordance with Section 178 of the Companies Act, 2013 and Regulation 19(4) of the SEBI Listing Regulations.
The members of the Nomination and Remuneration Committee are:
| 1 | Mr. Nitin Dhavalikar | Chairman |
| 2 | Mr. Devendra Shah | Member |
| 3 | Mrs. Radhika Pereira | Member |
| 4 | Mr. B.M.Vyas | Member |
| 5 | Mr. Ramesh Chandak | Member |
The Corporate Social Responsibility Committee was constituted by our Board at their meeting held on June 23, 2014 (with effect from April 1, 2014) and was reconstituted on May 26, 2015, July 28, 2015 and November 09, 2016. The scope and functions of the Corporate Social Responsibility Committee are in accordance with Section 135 of the Companies Act, 2013 and Schedule VII to the Act, Rules made thereunder.
The members of the Corporate Social Responsibility Committee are:
| 1 | Mr. B.M.Vyas | Chairman |
| 2 | Mr. Devendra Shah | Member |
| 3 | Mrs. Radhika Pereira | Member |
| 4 | Mr. Narendra Ambwani | Member |
The Risk Management Committee was constituted by our Board at their meeting held on June 12, 2021. The Committee is responsible for monitoring and approving the risk policies and associated practices of the Company for mitigation of risk. It has an overall responsibility of Enterprise Risk Management (ERM) of identifying risks, determining probability of occurrence of risk, establishing risk references and referents, and aversion of risk by determining degree of risk reduction and avoidance. The scope and functions of the Risk Management Committee are in accordance with Section 134(3), Schedule IV referred to by Section 149(8) of the Companies Act, 2013 and Regulation 21 of the SEBI (LODR) Regulations, 2015.
The Members of the Risk Management Committee are:
| 1 | Mr. Devendra Shah | Chairman |
| 2 | Mr. Pritam Shah | Member |
| 3 | Mr. Ramesh Chandak | Member |
| 4 | Mr. Nitin Dhavalikar | Member |
He has taken Parag Milk Foods to new heights and under his leadership, the Group's revenues have grown manifold. Apart from promoting India’s largest cow farm called Bhagyalaxmi Dairy farm, he also holds reputed positions in various ventures like Director- Bhimashankar Sahakari Sakhar Karkhana, Pargaon, Secretary of National centre for Rural Development, Chairman, Sharad Sahakari Bank and Director, NDRI.
In his current role, Mr. Shah is responsible for the overall growth strategy of the company and consolidating the market presence. He brought in the best manufacturing technology for the company so as to compete globally and his strong understanding in procurement and distribution channels has helped Parag Milk Foods enhance their overall sales figures.
In his current role, Mr. Vyas is responsible for advising the top management in making efficient and effective growth strategies for the company. He is closely involved with monitoring the entire gamut of the business processes and getting them streamlined, and efficient. He advises the Chairman on various avenues to bring in internal and external development.
In his current role, Narendra Ambwani works as a strategic partner advising the top management in developing business strategy to drive the next phase of growth for the company. He is working closely with the team, to ensure internal and external development through streamlined business processes.
He is currently Independent Director on our Board. He was appointed as an Additional Independent Director on June 24, 2016 and before that he was the nominee of IDFC PE on our Board and was appointed on our Board on September 9, 2015. He holds a master‘s degree in commerce from Nagpur University and is also a fellow of the Institute of Chartered Accountants of India since May 12, 1976.
She was appointed to the Board on May 26, 2015. She holds a Bachelor’s degree in law from Harvard University. After her articleship with M/s Mulla & Mulla and Craigie Blunt & Caroe, Mrs.Pereira completed her Post-graduation from Cambridge and Harvard. On returning to India she worked for some time with Arthur Andersen and in the year 1996, she set up Dudhat Pereira & Associates. After a brief break taken to work with an eminent law firm, she was a partner of M/s Udwadia & Udeshi, Solicitors & Advocates until 2005. She restarted Dudhat Pereira & Associates in April 2005 and continued her practice until she joined as a Partner at Shardul Amarchand Mangaldas & Co at its Mumbai Office.
In his current role, he is essentially responsible for rendering financial advisory to the organization. He also advices the company on audits, corporate finance, management issues and provides an effective business advisory to the company. He brings in over 20 years’ experience in overall business and corporate finance advisory across the sectors and has worked for the biggest names in the industry.