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For any assistance / information, please get in touch with our Investor desk or write to the Company on the exclusive e-mail id investors@parag.com for easy and quick redressal of their grievances.
investors@parag.com
(022) 4300-5555
cs@parag.com
(022) 4300-5555
einward.ris@kfintech.com
1800 309 4001
(91) 910 009 4099
Policies
Board Committee
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Corporate/Integrated Governance Report
CSR Projects
Familiarisation Programme 2021-22
Revised Memorandum of Association
Original Articles of Association
Familiarisation Programme for Independent Directors_2020-21
Policy on Corporate Social Responsibility
Parag Milk Foods Dividend distribution Policy
POSH Policy
Familiarisation Programme for Independent Directors 2019-20
Policy on prohibition of Insider Trading
Whistle Blower Policy
Policy On Terms And Conditions Of Appointment Of Independent Director
Policy On Related Party Transactions
Policy On Preservation Of Archival Of Documents
Policy On Nomination And Remuneration
Policy On Determining Materiality Of An Event
Policy On Code Of Conduct For Board Directors And Senior Management
Familiarization Programme for Independent Directors for FY 2018-19
Code of practices & procedures for fair disclosure of UPSI
Information regarding Employees Stock Option Schemes Regulation 14, SEBI(Share Based Employee Benefits) Regulations, 2014
BSE Circular to Listed Companiesto hold Sharesin Demat Form
Criteria of making payments to Non-Executive Directors
Policy for Material Subsidiaries.
Policy on Board Diversity
Suppliers Code of Conduct
Cybersecurity Policy
Familiarisation Programme for Independent Directors 2022-23
Stakeholder Management Policy
Familiarisation Programme for Independent Directors 2023-24
Policy on Responsible Advocacy
Human Rights Policy
Health and Safety Policy
Environment Policy
Anti Corruption Policy
Towards implementation and continuation of sound code of corporate governance practices, four committees are operating within Parag Milk Foods for specific purposes.
The Audit Committee was constituted by a meeting of our Board at their meeting held on June 17, 2011 and reconstituted on October 3, 2012, February 27, 2015, May 26, 2015, July 28, 2015 , November 09, 2016 , November 06, 2017 and June 29, 2020. The scope and functions of the Audit Committee are in accordance with Section 177 of the Companies Act, 2013 and Regulation 18(3) of the SEBI Listing Regulations.
The members of the Audit Committee are:
| 1 | Mr. Nitin Dhavalikar | Chairman |
| 2 | Mr. Pritam Shah | Member |
| 3 | Mr. Narendra Ambwani | Member |
| 4 | Mr. Dnyanesh Darshane | Member |
The Stakeholders Relationship Committee was constituted by our Board at their meeting held on July 28, 2015 and reconstituted on November 09, 2016, August 06, 2018 and the most recent on June 30, 2022. This committee is responsible for the redressal of shareholder grievances and scope and functions of said committee are in accordance with Part D of Schedule II to Regulation 20 (4) of the SEBI (LODR) Regulations, 2015 as well as under Section 178 of the Companies Act, 2013.
The members of the Stakeholders Relationship Committee are:
| 1 | Mr. Dnyanesh Darshane | Chairman |
| 2 | Mr. Devendra Shah | Member |
| 3 | Mr. Pritam Shah | Member |
| 4 | Ms. Akshali Shah | Member |
The Nomination and Remuneration Committee was constituted as the Remuneration Committee‘ by our Board at their meeting held on October 3, 2012 and was reconstituted on February 27, 2015, May 26, 2015, July 28, 2015, August 27, 2015, September 9, 2015 , November 09, 2016 , November 06, 2017 and November 01, 2021. The scope and function of the Nomination and Remuneration Committee is in accordance with Section 178 of the Companies Act, 2013 and Regulation 19(4) of the SEBI Listing Regulations.
The members of the Nomination and Remuneration Committee are:
| 1 | Mr. Narendra Ambwani | Chairman |
| 2 | Mr. Devendra Shah | Member |
| 3 | Mr. Nitin Dhavalikar | Member |
| 4 | Ms. Radhika Dudhat | Member |
The Corporate Social Responsibility Committee was constituted by our Board at their meeting held on June 23, 2014 (with effect from April 1, 2014) and was reconstituted on May 26, 2015, July 28, 2015, November 09, 2016 and the most recent on June 30, 2022. The scope and functions of the Corporate Social Responsibility Committee are in accordance with Section 135 of the Companies Act, 2013 and Schedule VII to the Act, Rules made thereunder.
| 1 | Ms. Radhika Dudhat | Chairperson |
| 2 | Mr. Devendra Shah | Member |
| 3 | Mr. Narendra Ambwani | Member |
| 4 | Ms. Akshali Shah | Member |
The Risk Management Committee was constituted by our Board at their meeting held on June 12, 2021. The Committee is responsible for monitoring and approving the risk policies and associated practices of the Company for mitigation of risk. It has an overall responsibility of Enterprise Risk Management (ERM) of identifying risks, determining probability of occurrence of risk, establishing risk references and referents, and aversion of risk by determining degree of risk reduction and avoidance. The scope and functions of the Risk Management Committee are in accordance with Section 134(3), Schedule IV referred to by Section 149(8) of the Companies Act, 2013 and Regulation 21 of the SEBI (LODR) Regulations, 2015.
The Members of the Risk Management Committee are:
| 1 | Ms. Radhika Dudhat | Chairperson |
| 2 | Mr. Pritam Shah | Member |
| 3 | Mr. Nitin Dhavalikar | Member |
| 4 | Mr. Dnyanesh Darshane | Member |
| 5 | Ms. Akshali Shah | Member |
Mr. Devendra Shah is an Entrepreneur, Visionary who has conceptualized, launched, and established the Company and promoted it to new heights. He has nearly 30 years of rich experience in Dairy Industry. He is actively involved in agricultural activities and elevation of farming community. It is with him at the helm that Parag Milk has established the largest cow farm in India at Bhagyalaxmi Dairy Farm. He is a Member of the NRC, CSR, SRC & Finance Committee.
Mr. Pritam Shah is an Entrepreneur & Promoter of the Company. Having more than 25 Years of Dairy Industry experience, he is actively involved in business management & operations of the Parag Milk. The overall execution strategy & consolidation of Company’s market presence, all fall under the purview of Mr. Pritam Shah in his current capacity. His extensive knowledge and robust understanding of procurement and production processes have played a crucial role in improving Company performance. He is a member of the Audit Committee, Stakeholders Relationship Committee, Risk Management Committee and Finance Committee.
Ms. Shah has more than a decade experience with Parag Milk Foods as SR. VP Strategy –Sales & Marketing. She has been instrumental for growth of the high value product business like launch of Farm to Home business-Pride of Cows, Sports Nutrition brand-Avvatar (whey protein), and growth of beverages business. She has hands-on experience in sales, marketing, finance and in various other gamuts including identifying, building and implementing business strategies.
Mr. Narendra Ambwani holds a bachelor’s degree in Electrical Engineering from the IIT Kanpur and MBA degree from IIM Ahmedabad. He was the Managing Director of Johnson & Johnson’s consumer group in India. He has 39 years of experience in the consumer product industry. He works as a strategic partner advising the top management in developing business strategy to drive the next phase of growth of the company. He is working closely with the team, to ensure accelerated growth of business.
Ms. Radhika is a Partner with Shardul Amarchand Mangaldas & Co. She is a law graduate from the University of Bombay and a Post graduate from the University of Cambridge and Harvard University. She has worked on a wide range of transactional, regulatory and legal risk management advisory. She has been appointed as the Chairperson of the Corporate Law and Governance Sub-Committee of the IMC Chamber of Commerce & Industry. She has been enlisted in Legal Powerlist 2020 amongst top individual lawyers by Forbes India.
Mr. Nitin Dhavalikar holds a Bachelor’s and a Master’s degree in Commerce from Pune University. He is also a qualified Chartered Accountant. He has rich and diverse experience in technical, commercial, corporate leadership, entrepreneurship and corporate governance. He is adept at building teams with shared vision and guiding them for effective execution of plans. He is essentially responsible for rendering financial advisory to the organization. He has over 20 years of experience in overall business and corporate finance advisory.
Nikhil Vora is the Founder and CEO of Sixth Sense Ventures with 28 years of experience in financial markets and the consumer domain. Nikhil was earlier the Managing Director and Head of Research at IDFC Securities and has been regarded as one of the strongest analytical minds in the country. He has evolved a strategic roadmap for Hindustan Unilever, Aditya Birla Group, Marico, Godrej, etc. His research has been accredited by some of the largest global funds like Capital, Fidelity, Alliance Bernstein, Putnam, Schroder’s, etc. Mr. Vora has been rated by Asia Money / Institutional Investors consistently for being amongst the best analytical minds in the country. A post-graduate in Management, Mr. Nikhil has also completed the Future Leaders Program at the Saïd Business School, University of Oxford. He was voted India’s No.1 Analyst in the Asia Money Polls 2021 and also voted Asia’s Best Analyst by the Wall Street Journal and also bestowed with the ‘Thought Leadership’ award by IDFC Ltd.
Mr. Darshane is an innovative & multifaceted Executive Leader with more than 35 years of experience demonstrating visionary leadership & outstanding performance in the Ready to Drink Beverages, Food and Drug Manufacturing industry. He is working as Managing Director at FOBE Solutions LLC, USA, and supports the F&B and Nutraceutical industry including startups promoting. Dr. Darshane has business experience and exposure to international markets as he has worked and lived across Asia, Europe, and the USA.
Unpaid/ Unclaimed Dividend
Shares Due For Transfer to IEPF