Share Transfer and Investors’ Grievance Committee comprises of 3 (three) Directors. The Members are:

• To approve or otherwise deal with applications for transfer, transmission, transposition and mutation of shares and certificates including duplicate, split, sub-division or consolidation of certificates and to deal with all related matters; and also to deal with all the matters related to de-materialisation or re-materialisation of shares, change in the beneficial holders of de-mat shares and granting of necessary approvals wherever required.
• To look into and redress shareholders / investors grievances relating to:
  1. Transfer of shares
  2. Non-receipt of declared dividends
  3. Non-receipt of annual reports
  4. All such complaints directly concerning the shareholders / investors as stakeholders of the Company
  5. Any such matters that may be considered necessary in relation to shareholders and investors of the Company.

The Share Transfer and Investors’ Grievance Committee usually meets once in a fortnight or month depending on the frequency of grievances / transfer requests received from the shareholders. In the financial year 2008-2009, 15 (fifteen) Committee meetings were held. The attendance of each Member at the said meetings is stated below:

The Company addresses all complaints, suggestions and grievances expeditiously and replies have been sent / issued within 7-10 days except in case of dispute over facts or other impediments. During the year under review, a total of 2 (two) complaints were received which were successfully resolved. As on March 31, 2009, no complaints were pending.