4. Audit Committee
The details of the Committees of the Board are given below:
• Mr. Keki Elavia, as Chairman and
• Mr. Keki Dadiseth, Mr. Avijit Deb, Mr. Ness N Wadia, Dr. Y.S.P Thorat as Members of the
Committee.
The Company Secretary is the Secretary to the Committee.
Internal Audit:
M/s. Ernst and Young LLP, Internal Auditors of the Company have carried out the Internal
Audit for F.Y. 2021-22. The reports and findings of the Internal Auditor are periodically
reviewed by the Audit Committee. The Board of Directors at their Meeting held on 2 May
2022 appointed M/s. BDO India LLP, as Internal Auditors of the Company for F.Y. 2022-23.
7. SUSTAINABILITY PLAN
Sustainability strategy aiming at responsible goodness
The strategic framework for Sustainability Vision rests on four core pillars: Growth
(Economic), Governance, Resources (Environment), People (Social).
Healthy Product Portfolio
10. MARKETING STRATEGIES
• Create a Strategy to Win in “Many Indias”
• Lead the market with an edge in distribution
• Renovate to strengthen the core
• Engineer upgrades and tap into consumers moving up the
economic ladder
• Lead with new-to-market concepts and innovations
13. DIVIDEND DISTRIBUTION POLICY
The Company will endeavor to maintain a steady stream of dividend payment to its shareholders.
However, the actual quantum of dividend payout will depend on inter alia the following factors
• Financial Performance of the Company
• Capital expenditure & investment plans
• Liquidity & Debt servicing obligations
• Availability of surplus cash
• Strategic business opportunities
• Macro‐economic environment & market conditions
• Shareholder expectations
The objective would however be, to maintain dividend payout in line with that of other
FMCG companies in India.
15. LONG-TERM STRATEGY
• Capex of Rs. 800 crore planned over next four years.
• Working capital remains stable; sustained improvement in the
operating cashflows.
• Strong dividend payout
