Page 136 - Tata_Chemicals_yearly-reports-2019-20

Succession Plan Composition and Attendance
The Company believes that sound succession plans for the No. of
senior leadership are very important for creating a robust Name of the Member Category Meetings
future for the Company. The Nomination and Remuneration attended
Committee works along with the Human Resource team of Ms. Vibha Paul Rishi (Chairperson) ID 3
the Company for a structured leadership succession plan.
Mr. S. Padmanabhan NED 3
Retirement Policy for Directors Mr. R. Mukundan MD & CEO 3
As per the Company’s policy, the Managing and Executive Mr. Zarir Langrana # ED 2
Directors retire at the age of 65 years, Non-Independent ID - Independent Director; NED - Non-Executive Director; MD & CEO -
Non-Executive Directors retire at the age of 70 years and the Managing Director & Chief Executive Officer; ED - Executive Director
retirement age for Independent Directors is 75 years.
# Appointed as a Member of the SRC w.e.f. August 8, 2019
5. Stakeholders Relationship Committee
Status of Investor Complaints
The Stakeholders Relationship Committee (‘SRC’) looks into
various aspects of interest of shareholders. The status of Investor Complaints as on March 31, 2020 as
reported under Regulation 13(3) of the Listing Regulations is
Terms of Reference as under:
The terms of reference of the SRC are as under: Complaints as on April 1, 2019 1
• Resolving the grievances of the security holders Received during the year 28
including complaints related to transfer/transmission Resolved during the year 27
of shares / debentures, non-receipt of annual report,
non-receipt of declared dividends, issue of new/ Pending as on March 31, 2020 2*
duplicate certificates, general meetings etc; * Out of the 2 unresolved complaints, 1 complaint has been closed
• Reviewing details of transfer of unclaimed dividend by SEBI on April 6, 2020. For the other complaint, the Company has
/securities to the Investor Education and Protection uploaded the Action Taken Report on SEBI SCORES portal.
Fund;
The complaints have been resolved to the satisfaction of
• Reviewing the transfer, transmission, dematerialisation
of securities; the shareholders. The correspondence identified as investor
complaints are letters received through statutory/regulatory
• Reviewing measures taken for effective exercise of
voting rights by shareholders; bodies.
• Reviewing adherence to the service standards in Name, designation and address of the Compliance Officer
respect of various services being rendered by the Mr. Rajiv Chandan
Registrar & Share Transfer Agent;
General Counsel & Company Secretary
• Reviewing various measures and initiatives taken for Tata Chemicals Limited
reducing the quantum of unclaimed dividends and Bombay House, 24 Homi Mody Street
ensuring timely receipt of dividend warrants/annual Fort, Mumbai - 400 001
reports/statutory notices by the shareholders of the Tel. No.: +91 22 6665 8282
Company;
Email: investors@tatachemicals.com
• To approve issue of duplicate certificates.
On the recommendations of the SRC, the Company has taken
Meetings Held
various investor friendly initiatives like sending reminders to
During FY 2019-20, three (3) Meetings of the SRC were held the investors who have not claimed their dividends, assisting
on the following dates: and encouraging dematerialisation of shares, etc.
• June 4, 2019 • February 24, 2020
Ms. Vibha Paul Rishi, Chairperson of the SRC had expressed
• October 7, 2019
her inability to attend the AGM and accordingly, the SRC
The necessary quorum was present for all the Meetings of had nominated Mr. S. Padmanabhan, Member of the
the Committee. SRC, to answer queries of the security holders at the last AGM
held on July 8, 2019.

134 I INTEGRATED ANNuAL REPORT 2019-20