Board Committees

The FSL board has committees with non-executive directors, and dedicated teams to focus on critical functions such as audit, nomination and remuneration, and stakeholders' relationship.

Audit Committee

The Audit Committee comprises of three Non- executive Directors, Independent directors in conformity with the requirements of section 177 of the companies Act, 2013 and Regulation 18 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015.

Nomination And Remuneration Committee

The Nomination and Remuneration Committee has been constituted to recommend/review the remuneration and sitting fees of Executive Directors and Non- executive Directors of the Company. The Nomination and Remuneration Committee, comprises of three Non Executive Directors out of which two are Non- Executive Independent Directors.

Stakeholders' Relationship Committee

The Stakeholders Relationship Committee was constituted to consider and resolve the grievances of security holders of the company. Terms of reference of the Stakeholders' Relationship Committee are as per the guidelines set out in the listing agreement with the Stock Exchange which inter-alia include looking into the investor’s complaints on transfer of shares, non-receipt of declared dividends etc. and redressal thereof.