An effective corporate governance is crucial for the management of a company's business affairs as well as for money market communication. Our commitment to higher corporate governance standards is our chance to:

  • Demonstrate our dedication to well-balanced and transparent rules to the market participants
  • Emphasize the importance of our clearly defined management tools and responsibilities internally

Palred believes that sound corporate governance is critical to enhance and retain investor trust. Accordingly, we always seek to attain performance with integrity. The Board extends its fiduciary responsibilities in the widest sense of the term and aims at enhancing long term shareholder value and respect minority rights in all business decisions.

Palred in its continuous initiative and drive towards good governance and accountability, has uphold the corporate governance through ethical business practices, integrity and transparent business operations. Palred has full support of the board and employees in the corporate governance initiative.

At the core of the corporate governance practice is the board, which oversees how the management serves and protects the interests of all the stakeholders of the company. Palred believes that an active, well informed and independent board is necessary to ensure highest standards of corporate governance.

Mr. Palem Srikanth Reddy ( Chairman & Managing Director )

Mr. S Vijaya Saradhi ( Independent Director )

Mr. Atul Sharma ( Independent Director )

Ms. Richa Patnaik ( Independent Women Director )

    Brief Description of the terms of reference of the Audit Committee. The Audit committee reviews, acts and reports to Board of Directors on:

  • Auditing and accounting matters, including appointment of statutory and internal auditors
  • Integrity of company financial statements, scope of annual audit, fees paid to statutory and internal auditors
  • Statement of related party transactions.
  • Performance of Internal audit functions, accounting standards.

Audit committee reviews the un-audited quarterly, half-yearly and audited annual financial results, with the management before submitting to the Board for its approval. The audit committee comprises of independent and non-executive directors. All the members of the Audit Committee are financially literate and the Chairman is financial management expertise

Mr. S Vijaya Saradhi ( Chairman )

Mr. Atul Sharma ( Member )

Ms. Richa Patnaik ( Member )


  • The brief terms of reference of Remuneration Committee are

  • Auditing and accounting matters, including appointment of statutory and internal auditors
  • Integrity of company financial statements, scope of annual audit, fees paid to statutory and internal auditors

Mr. S Vijaya Saradhi ( Chairman )

Mr. Atul Sharma ( Member )

Ms. Richa Patnaik (member)


    Stakeholder Relationship Committee administers the following

  • Transfer, Transmission of shares
  • Issue of Duplicate share certificates, as and when required
  • Redressal of Shareholders / Investors Grievances from time to time

The Investor grievance committee consists of following Independent and non-executive directors.

Ms. Richa Patnaik ( Chairman )

Mr. S Vijaya Saradhi ( Member )

Mr. P Srikanth Reddy ( Member )



ROLE AND RESPONSIBILITIES OF THE COMMITTEE INCLUDES THE FOLLOWING:
  • Framing of Risk Management Plan and Policy
  • Overseeing implementation of Risk Management Plan and Policy
  • Monitoring of Risk Management Plan and Policy
  • Validating the process of risk management
  • Validating the procedure for Risk minimisation.
  • Periodically reviewing and evaluating the Risk Management Policy and practices with respect to risk assessment and risk management processes.
  • Continually obtaining reasonable assurance from management that al known and emerging risks have been identified and mitigated or managed.
  • Mr. P Srikanth Reddy ( Chairman )
  • Mr. S Vijaya Saradhi ( Member )
  • Mr. Atul Sharma ( Member )