Much before Corporate Governance guidelines became applicable and mandatory for
listed companies, ACC had systems in place for effective strategic planning and processes, risk
management, human resources development and succession planning.
The Audit Committee in ACC was constituted as far back as in 1986. The Shareholders-Investors
Grievance Committee was formed way back in 1962 and the Compensation Committee was convened since
1993. The Company’s core values are based on integrity, respect for the law and strict compliance
thereof, emphasis on product quality and a caring spirit. Corporate Governance therefore in ACC is a
way of life.
ACC is a professionally managed Company with a majority of its Directors
being Independent Directors. The Board of Directors has always consisted of persons who are
professionals in their respective fields and with unquestionable integrity and reputation. The role,
responsibility and accountability of the Board of Directors is clearly defined. Members of the Board
have full freedom to express their views on matters placed before them for deliberation and
consideration.
It is the continuous endeavour of the Board of Directors to achieve the
highest standards of Corporate Governance through the adoption of a strategic planning process,
succession planning for attracting, motivating and energizing human resources, identification of
major risks and the way and means to manage such risks, an effective communication policy and
integrity of Company’s internal control systems. The Board of Directors are also constantly looking
at ways and means to ensure that the most effective use is made of the scarce resources at its
disposal and that the management and employees have the freedom to take the Company forward within
the framework of effective accountability.
As directed by SEBI vide its
email dated 21.5.2019, the following information regarding procedure to be adopted in respect of
applications for Transfers, Transmissions, Demat, Remat and Duplicate is being provided to the
shareholders +-