The Board of Directors of the Company has constituted an Audit Committee. Presently, the Audit Committee comprises of two independent Non-Executive Directors namely Shri. Pareshbabu Pandya, Chairman (having financial and accounting knowledge) and Shri Pinakin M. Patel and Shri. Jaikishan Gupta, Non-Executive Director.

The constitution, composition and functioning of the Audit Committee also meets with the requirements of Section 292A of the Companies Act. 1956 and revised Clause-49 of the Listing Agreement entered into with the Stock Exchange.

The Audit Committee has powers that include the following:

• To investigate any activity of the Company within its terms of reference
• To seek information from any employee
• To obtain outside legal and other professional advice
• To secure attendance of outsiders with relevant expertise, if it is considers necessary.
  
  The Company Secretary acts as Secretary to the Committee.