As per the listing agreement, the risk management committee has been set up to constantly review the technical and commercial risks the company has to face so that the interests of the shareholders are protected. Risk management committee has been formed comprising of board of directors and senior managerial personnel.
The committee will meet once in a quarter to discuss the points forwarded by the risk management team and other risks facing the company and submit a report to the board of directors. The report will contain the methods to mitigate the risk.
The risk management committee will study the risks/threats/concerns both in short term and long term and take adequate steps periodically to protect the interest of the various stakeholders.