Board Committee

Committees of our Board

In terms of the provisions of the Companies Act, 2013 and the SEBI LODR Regulations, our Company has constituted the following Board-level committees:

 

  • Audit Committee
  • Nomination and Remuneration Committee
  • Stakeholders Relationship Committee
  • Corporate Social Responsibility Committee
  • Risk Management Committee
  • Independent Director Committee
Audit Committee
The Audit Committee was constituted by a resolution of the Board dated March 22, 2023. The Audit Committee is in compliance with Section 177 and other applicable provisions of the Companies Act and Regulation 18 of the SEBI LODR Regulations. The current composition of the Audit Committee is as follows:

 

Terms of reference for the Audit Committee are as follows:

Name of the Director Position in the Committee Nature of Directorship
Jitendra Pratap Singh Chairman Non-Executive Independent Director
Dhaval Rajendrabhai Shah Member Non-Executive Independent Director
Harit Rajendrakumar Zaveri Member Joint Managing Director
Our Company Secretary is the secretary of the Audit Committee.
Nomination and Remuneration Committee
The Nomination and Remuneration Committee was constituted pursuant to a resolution passed by the Board on March 22, 2023. The committee was re-constituted pursuant to the resolution passed dated May 20, 2023. The composition and terms of reference of the Nomination and Remuneration Committee are in compliance with Section 178 and other applicable provisions of the Companies Act and Regulation 19 of the SEBI LODR Regulations. The current composition of the Nomination and Remuneration Committee is as follows:
Name of the DirectorPosition in the CommitteeNature of Directorship
Nirupa Kiran BhattChairmanNon-Executive Independent Director
Pooja Omkar AcharyaMemberNon-Executive Independent Director
Jitendra Pratap SinghMemberNon-Executive Independent Director

Our Company Secretary is the secretary of the Nomination and Remuneration Committee.

Stakeholders’ Relationship Committee
The Stakeholders’ Relationship Committee was constituted by a resolution of our Board dated March 22, 2023, in compliance with Section 178 and any other applicable law of the Companies Act and Regulation 20 of the SEBI LODR Regulations. The current composition of our Stakeholders Relationship Committee is as follows:
Name of the Director Position in the Committee Nature of Directorship
Pooja Omkar Acharya Chairman Non-Executive Independent Director
Dhaval Rajendrabhai Shah Member Non-Executive Independent Director
Harit Rajendrakumar Zaveri Member Joint Managing Director

Our Company Secretary is the secretary of the Stakeholders’ Relationship Committee.

Corporate Social Responsibility Committee
Our Company had constituted the Corporate Social Responsibility Committee by resolution of Board dated October 6, 2017, however, the same was dissolved on September 9, 2021 as the provisions of CSR were not applicable on the Company. Now, the Corporate Social Responsibility Committee was again re-constituted by a resolution of our Board dated March 22, 2023 and its composition and terms of reference are in compliance with Section 135 and other applicable provisions of the Companies Act. The current composition of our Corporate Social Responsibility Committee is as follows:
Name of the Director Position in the Committee Nature of Directorship
Rajendrakumar Kantilal Zaveri Chairman Chairman and Managing Director
Dhaval Rajendrabhai Shah Member Non-Executive Independent Director
Harit Rajendrakumar Zaveri Member Joint Managing Director
Our Company Secretary is the secretary of the Corporate Social Responsibility Committee.
Risk Management Committee
The Risk Management Committee was constituted by a resolution of our Board dated March 22, 2023, in compliance with SEBI LODR Regulations and any other applicable law of the Companies Act. The current composition of our Risk Management Committee is as follows:
Name of the Director Position in the Committee Nature of Directorship
Dhaval Rajendrabhai Shah Chairman Non-Executive Independent Director
Jitendra Pratap Singh Member Non-Executive Independent Director
Harit Rajendrakumar Zaveri Member Joint Managing Director
Our Company Secretary is the secretary of the Risk Management Committee.
Independent Director Committee
The Independent Director Committee was constituted by a resolution of our Board dated December 12, 2023, in compliance with Regulation 25(3) SEBI LODR Regulations and any other applicable law of the Companies Act. The current composition of our Independent Director Committee is as follows:
Name of the Director Position in the Committee Nature of Directorship
Jitendra Pratap Singh Chairman Non-Executive Independent Director
Nirupa Kiran Bhatt Member Non-Executive Independent Director
Dhaval Rajendrabhai Shah Member Non-Executive Independent Director
Pooja Omkar Acharya Member Non-Executive Independent Director
Our Company Secretary is the secretary of the Independent Director Committee.

Pooja Omkar Acharya

Pooja Omkar Acharya, aged thirty-one (31) years is a Non-Executive Independent Director of our Company since January 27, 2023. She holds a degree of Bachelor of Science and also holds a degree of Bachelor of Laws from Gujarat University. She also holds a degree of Master of Science in Biotechnology from NIMS University. She is a licensed advocate with the Bar Council of India and Gujarat, along with being a registered patents agent & registered trademarks agent. She has over seven (7) years of experience in patent litigation and IP rights enforcement. Presently she is associated with “H K Acharya & Company” as an Advocate.

Dhaval Rajendrabhai Shah

Dhaval Rajendrabhai Shah, aged forty-one (41) years is a Non-Executive Independent Director of our Company since January 27, 2023. He holds a degree of Bachelor of Commerce also holds a degree of Bachelor of Laws from Gujarat University. He is a fellow member of the Institute of Chartered Accountants of India and is also a Chartered Financial Analyst. He has over sixteen (16) years of experience in the field of credit and risk management, relationship management, corporate banking, investment banking, stressed asset management, credit rating, accounting, audit etc. Prior to joining our Company, he has been associated with ICICI Bank, Citi Bank, CARE Ratings and Reliance Communications. He is presently associated with Zodiac Energy Limited, VDCAP Finserv Private Limited and VDCAP Advisiors Private Limited as a Director and associated with Shambhu Solar Projects LLP and Sharanam Solar Projects LLP as a Designated Partner.

Nirupa Kiran Bhatt

Nirupa Kiran Bhatt, aged sixty-nine (69) years is a Non-Executive Independent Director our Company since May 20, 2023. She holds a degree of Bachelors of Science from University of Bombay. She has over forty-nine (49) years of total experience out of which thirty-four (34) years of experience is in the jewellery industry. Prior to joining our Company, she was associated with Argyle Diamonds Sales and Rio Tinto Diamonds India, GIA India Laboratory Private Limited and All India Gems and Jewellery Trade Federation. Presently she is also associated with Alta Leasing and Finance Limited, the Gem and Jewellery Skill Council of India and Alta Laboratories Limited as a Director and she is also the proprietor of the firm ‘nbAdvisory’.

Jitendra Pratap Singh

Jitendra Pratap Singh, aged sixty-two (62) yearsis a Non-Executive Independent Director of our Company since January 27, 2023. He holds a degree of Bachelor of Science from Kanpur University and also holds Master of Business Administration degree from University of Delhi. He has over thirty-five (35) years of experience in managing banking, spread across retail banking, business banking, SME business, commercial banking, products, processes, operations and risk management. Prior to joining our Company, he was associated with Axis Bank Limited and State Bank of Bikaner and Jaipur.

Harit Rajendrakumar Zaveri

Harit Rajendrakumar Zaveri, aged thirty-four (34) years is the Promoter and the Joint Managing Director of our Company. He holds diplomas in graduate gemologist, graduate diamonds and graduate-colored stones from the Gemological Institute of America. Being our Promoter, he has been associated with our Company since our incorporation and has established a retail division of our Company under the name of “Harit Zaveri Jewellers” in 2014. He has over seventeen (17) years of experience in jewellery industry and has contributed to the growth of our Company. Presently, he is also a Karta of Harit Rajendrakumar Zaveri- HUF.

Rajendrakumar Kantilal Zaveri

Rajendrakumar Kantilal Zaveri, aged sixty (61) yearsis the Promoter and the Chairman & Managing Director of our Company. Being our Promoter, he has been associated with our Company since our incorporation. He holds a degree in Bachelor of Commerce from Gujarat University. He has thirty-five (35) years of experience in manufacturing and trading of gold jewellery. Prior to the incorporation of our Company, he was associated with ‘Bababhai Hargovandas Zaveri’ as one of the Partner from April 01, 1992 till April 15, 2004 and he was also sole proprietor of a firm namely ‘Rajubhai Bababhai Zaveri’ from 2004 till 2011. He was awarded an appreciation award by Jewellers Association Ahmedabad, Gujarat in the year 2018. Presently, he is also a Karta of Rajendrakumar Kantilal Zaveri-HUF.