Schaeffler India Limited Announces Reconstitution of Committees, Effective November 6, 2019 and February 11, 2020
October 23, 2019 at 09:23 am EDT
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Schaeffler India Limited announced reconstitution of committees, effective November 6, 2019. The Audit committee includes: Mrs. Renu Challu, Non-Executive Independent Chairperson, Mr. Avinash Gandhi, Non-Executive Independent Member, Mr. Rakesh Jinsi Non-Executive Independent Member, Mr. Arvind Balajl, Non-Executive Independent Member, Mr. Jurgen Ziegler Non-Executive, Non-Independent Member, and Mr. Satish Patel Executive, Non-Independent Member. Stakeholders' Relationship Committee includes: Mrs. Renu Challu, Non-Executive Independent Chairperson, Mr. Satish Patel Executive, Non-Independent Member, and Mr. Harsha Kadam, Executive, Non-Independent Member. Nomination and Remuneration Committee includes: Mrs. Renu Challu, Non-Executive Independent Chairperson, Mr. Avinash Gandhi, Non-Executive Independent Member, Mr. Rakesh Jinsi, Non-Executive Independent Member, and Mr. Dharmesh Arora, Non-Executive, Non-Independent Member. Corporate Social Responsibility Committee includes: Mr. Rakesh Jinsi, Non-Executive Independent Member, Mr. Harsha Kadam, Executive, Non-Independent Member, and Mr. Arvind Balajl, Non-Executive Independent Member. Risk Management Committee includes: Mr. Dharmesh Arora, Non-Executive, Non-Independent Member, Mr. Harsha Kadam, Executive, Non-Independent Member, and Mr. Satish Patel Executive, Non-Independent Member. Mr. Sameer Mathur, Chief Operating Officer, and Mr. Santanu Ghoshal, Vice President, Human Resources. Effective February 11, 2020, Audit Committee includes: Mrs. Renu Challu, Non-Executive Independent Chairperson, Mr. Avinash Gandhi, Non-Executive Independent Member, Mr. Rakesh Jinsi Non-Executive Independent Member, Mr. Arvind Balajl, Non-Executive Independent Member, Mr. Jurgen Ziegler Non-Executive, Non-Independent Member, and Mr. Satish Patel Executive, Non-Independent Member, Mr. Amit Kalyani, Non-Executive Independent Member, and Mr. Jurgen Ziegler, Non-Executive, Non-Independent Member. Nomination and Remuneration Committee includes: Mrs. Renu Challu, Non-Executive Independent Chairperson, Mr. Avinash Gandhi Non-Executive Independent Member, Mr. Amit Kalyani, Non-Executive Independent Member, and Mr. Dharmesh Arora, Non-Executive, Non-Independent Member. Corporate Social Responsibility Committee includes: Mr. Arvind Balaji, Non-Executive Independent Chairman, Mr. Harsha Kadam, Executive Non-Independent Member, and Mr. Amit Kalyani, Non-Executive Independent Member.
Schaeffler India Limited is an India-based automotive and industrial component supplier. The Company provides components and systems for engine, transmission, and chassis applications for hybrid, electric, and combustion-engine-powered vehicles. The Company's segments include Automotive Technologies, Automotive Aftermarket, Industrial, and Exports & Others. The Automotive Technologies segment develops products using sustainable technologies for passenger and commercial vehicles, tractors, and off-highway segments. The Automotive Aftermarket provides data-driven services and plug-and-play solutions for transmission, engine, and chassis systems. It also includes three brands, such as LuK, INA and FAG. The Industrial segment offers a portfolio of bearing solutions, ranging from high-speed and high-precision bearings with small diameters, to large-size bearings, several meters wide. The Exports & Others segment includes exports to group companies and scrap sales.