Details of Familiarization
Programmes imparted to
Independent Directors

 

EASTERN SILK INDUSTRIES LIMITED
CIN: L17226WB1946PLC013554
19 R.N. MUKHERJEE ROAD, Kolkata 700 001
Ph: 033 22430817 / 18 /19
Email: cs@easternsilk.com

Details of Familiarization Programmes imparted to Independent Directors

Preamble
The Regulation 25(7) & Regulation 46(2)(i) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 respectively stipulates that the Company shall familiarize the independent directors with the Company, their roles, rights, responsibilities in the Company, nature of the industry in which the Company operates, business model of the Company, etc., through various programmes.
Overview of the Familiarization process
All Independent Directors are aware and further updated about their roles, rights, responsibilities in the Company. The appointment letter issued to Independent Directors inter alia sets out the expectation of the Board from the appointed director, their fiduciary duties and the accompanying liabilities that come with the appointment as a director of the Company.
Independent Directors are provided with necessary documents/brochures, reports and internal policies to enable them to familiarize with the Company’s procedures and practices.
In addition, presentations are made at the Board and Committee Meetings on the performance of the company along with subsidiaries and quarterly updates on relevant statutory changes.
Each director of the Company has complete access to any information relating to the Company. Independent Directors have the freedom to interact with the Company’s management. They are given all the documents sought by them for enabling a good understanding of the Company and its various operations. Further, they meet without the presence of the Company’s Management Personnel to discuss matters pertaining to the Company’s affairs and put forth their combined views to the Chairman and Managing Director.
Site visits to plant locations are organized for the Directors to enable them to understand the operations of the Company.

Details of Familiarization programme imparted to Independent Directors during financial year 2018-19:
1. Presentation on Sheeting, Spinning, Terry Projects; 2. Off-site visits to plants The Directors are encouraged to visit the Company’s plants and establishments, where senior Plant Heads apprise them of the operational and sustainability aspects of the Units to enable them to have full understanding and appreciation of the activities of the Company. Thus, all efforts are made to ensure that the Directors remain current on the Company’s matters as well as sectoral and industry as also about various geographies in which it operates.

Details of attendance of Independent Directors in Familiarization Programme are as follows:
SERIAL NO. NAME OF INDEPENDENT DIRECTORS NO. OF PROGRAMME ATTENDED NO. OF HOURS SPENT
    F.Y. 2020-21 CUMULATIVE TILL DATE F.Y. 2020-21 CUMULATIVE TILL DATE
1. Mr. Ghanshyam Das Harnathka 4 7 4.5 7
2. Mr. Pankaj Kumar Deorah 3 4 4 6
3. Mr. Madhu Kant Sharma 8 12 10 -
4. Mr. Abhishek Haralalka 4 6 9 11