Affirmations of Corporate Governance
| Affirmations pertaining to Corporate Governance |
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| Details of business
The company is in the business of Design, Manufacture and Supply of Special Purpose Machine Tools and Custom built Machinery Turnkey Projects, However the company is planning the restructure of Company operations and Negotiations are in Progress in the same Engineering Field to Acquire the Technology in the most state of advanced Technology Segment Pertaining to high Returns and National Reputed products the same will be discussed during the next board meeting schedule on 22 April 2021 at 4 PM along with Financial Results of FY 2020-21 |
| Terms and conditions of appointment of independent directors The Sitting fees and incidental expenses are being reimbursed |
| Composition of various committees of board of directors Reported Seperately . |
| Code of conduct of board of directors and senior management personnel |
| Details of establishment of vigil mechanism/ Whistle Blower policy A New Vigil Mechanism is being adapted which well be approved during the board meeting scheduled on 22 April 2021. |
| Criteria of making payments to non-executive directors. Generally this does not arise except sitting fees and Reimbursement of expenses for attending the board meeting , Which will be paid after the Board Meeting of the same day . |
| Policy on dealing with related party transactions |
| Policy for determining ‘material’ subsidiaries |
| Details of familiarization programmes imparted to independent directors As Two Independent Directors from Teaching Profession therefore either prior to the board meeting or after the board meeting a refreshment course is conducted by a reputed Practicing Company Secretary. |
| Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances.
Compliance officer and Chairman of the Stake Holders Relation ship committee. |
| email address for grievance redressal and other relevant details Investors.ubeindia@gmail.com and Swarupa.ubeindia@gmail.com |
| Financial results
Finalcial results were based on the Revenue Recognition policy of the company pertaining to the product or division , The same is reported to Audit Committee and after the the audit committee approval the same will be discussed by Board after Audit is being carried and approved by Board then it will be confirmed . |
| Shareholding pattern Reported Separatelyas As Share Holding Pattern |
| Details of agreements entered into with the media companies and/or their associates As of now there was no need was arrived to enter an agreement with the Media Companies, therefore it was not entered |
| Schedule of analyst or institutional investor meet and presentations made Not Carried as of now by the listed entity to analysts or institutional investors simultaneously with Not Carried or no need was arrived. submission to stock exchange Not Carried and no need was arrived |
| New name and the old name of the listed entity UBE Industries Limited formerly Known as Weldflux India Limited |
| Advertisements as per regulation 47 YES Being Issued |
| Credit rating or revision in credit rating obtained No Need was not arrised |
| Separate audited financial statements of each subsidiary of the listed entity in respect of a relevant financial year Yes but as of now There was No Subsidiary company it was only during FY 1992 and FY 1993 it was announced separately for the subsidiary companies |
| Whether company has provided information under separate section on its website as per Regulation 46(2) Yes |
| Materiality Policy as per Regulation 30 YES |
| Dividend Distribution policy as per Regulation 43A (as applicable) YES |
| It is certified that these contents on the website of the listed entity are correct Enclosed separate certificate by the management |
| Disclosure of notes on website in terms of Listing Regulations explanatory, YES |