Orbit Corporation Limited is committed to good Corporate Governance and in ensuring adequate disclosure for our stakeholders. We believe that the governance process should be such as to ensure proper utilisation of resources in a manner intended to meet the expectations of shareholders.
We believe in transparency, empowerment, accountability, safety of people and environment, and we lay emphasis on business ethics in all dealings. We believe in meeting the obligations of all stakeholders, including amongst others, shareholders, customers, employees and the community in which we operate.
As part of our Corporate Governance initiatives, we have instituted 4 committees to look into pertaining Corporate Governance matters.
The Audit Committee currently has Mr Ravi Kiran Aggarwal, Mr Kuldip Bhargava and Mr Raman Maroo as members. Their responsibilities include:
The Remuneration Committee currently comprises of non-executive independent directors, Mr Kuldip Bhargava and Mr Prithvi Raj Jindal. The Committee’s responsibilities include:
The Shareholders'/ Investors' Grievance Committee has been constituted to look into investors’ complaints like transfer of shares, non-receipt of declared dividends, and take necessary steps for redressal thereof. The Committee is a Board level committee comprising of Mr. Raman Maroo, Mr Ravi Kiran Aggarwal and Mr Pujit Aggarwal.
The Committee's responsibilities include:
The Compensation Committee currently comprises of non-executive independent directors, Mr. Kuldip Bhargava and Mr. Raman Maroo.
The Committee’s responsibilities include: