Company’s Philosophy on Code of Governance

Our Company’s philosophy is to offer consumer products of the highest quality which are supported by best-in-class service while upholding the core values of transparency, integrity, honesty, accountability and compliance with laws. We are committed to governance policies and practices that ensure efficient and effective protection of shareholder interests. We follow sound principles of corporate governance which are crucial to obtaining and retaining the trust of investors. They are also vital in securing and retaining trust and reputation from stakeholders, banks and institutions, employees, suppliers, customers, government departments and the public at large, who are connected with our business

Board of Directors

As on 31st March, 2015, BGMAL’s Board consisted of 15 Directors as per the list given below:

Mr.V.M.Lakshminarayanan, Chairman & Managing Director
Mr.V.M.Balasubramaniam, Vice Chairman & Managing Director
Mr.V.M.Seshadri, Managing Director
Mr.V.M.Gangadharam, Executive Director
Mr.V.M.Kumaresan, Executive Director – Technical
Mr.K.Ganesan,Independent Director
Mr.M.Padmanabhan,Independent Director
Mr.A.Balasubramanian, Independent Director
Mr.K.J.Kumar, Independent Director
Mr.G.S.Samuel, Independent Director
Mr.T.R.Srinivasan, Independent Director
Mrs. Maheshwari Mohan, Woman Independent Director
Mr.Anand Mundra, Nominee Director

“Composition of Committees”

S.No.

Name of Committee Name of Committee Members Category (Chairperson/ Executive/Non-Executive/ Independent/ Nominee

1

Audit

K.Ganesan Chairman – Independent
M.Padmanabhan Member – Independent
A.Balasubramanian Member – Independent

2

Nomination & Remuneration

K.Ganesan Chairman – Independent
M.Padmanabhan Member – Independent
A.Balasubramanian Member – Independent
Anand Mundra Member – Nominee

3

Executive Committee of Board of Directors V.M.Seshadri Chairman – Executive
K.Ganesan Chairman – Independent
M.Padmanabhan Member – Independent

4

Corporate Social Responsibility T.R.Srinivasan Chairman – Independent
G.S.Samuel Member – Independent
V.M.Lakshminarayanan Member – Executive

5

Shareholders Relationship K.Ganesan Chairman – Independent
M.Padmanabhan Member – Independent

6

Share Transfer V.M.Seshadri Member – Executive
K.S.Ramakrishnan Member – Executive

7

Risk Management (if applicable)

N.A.