Hundred and seventh annual report 2013-14

Explanatory Statement
(Pursuant to Section 102 of the Companies Act, 2013)

As required by Section 102 of the Companies Act, 2013, (hereinafter referred to as “the Act”) the following Explanatory Statements
set out all material facts relating to the business mentioned under Item Nos. 5 to 13 of the accompanying Notice dated
14th May, 2014.

Item No. 5:

This explanatory statement is provided though strictly not required as per Section 102 of the Act.

Deloitte Haskins & Sells (DHS), (Firm's Registration No. 117366W/W-100018), Chartered Accountants (CAs), Mumbai were appointed as
the statutory auditors of the Company for financial year 2013-14 at the Annual General Meeting (AGM) of the Company held on 14th
August, 2013. DHS converted itself into a Limited Liability Partnership (LLP) under the provisions of the Limited Liability Partnership
Act, 2008 and is now known as Deloitte Haskins & Sells LLP (DHS LLP) with effect from November 20, 2013. In terms of the Ministry of
Corporate Affairs, Government of India, General Circular No. 9/2013 dated April 30, 2013, if a firm of CAs, being an auditor in a company
under the Companies Act, 1956, is converted into an LLP, then such an LLP would be deemed to be the auditor of the said company.
The Board of Directors of the Company has taken due note of this change. Accordingly, the audit of the Company for financial year
2013-14 was conducted by DHS LLP.

DHS LLP have been the Auditors of the Company since 2006-07 and will be completing a term of seven years in August 2014. Prior
to this, Messrs. S. B. Billimoria & Co. (SBB) and Messrs. A. F. Fergusson (AFF) were the Joint Auditors of the Company. SBB & AFF were
associates of DHS LLP. As per the provisions of Section 139 of the Act, no listed company can appoint or re-appoint an audit firm as
auditor for more than two terms of five consecutive years. Section 139 of the Act has also provided a period of three years from the
date of commencement of the Act to comply with this requirement.

In view of the above, DHS LLP, being eligible for re-appointment and based on the recommendation of the Audit Committee, the
Board of Directors has, at its meeting held on 14th May, 2014, proposed the appointment of DHS LLP as the statutory auditors of the
Company for a period of three years to hold office from the conclusion of this AGM till the conclusion of the hundred and tenth AGM
of the Company to be held in the year 2017 (subject to ratification of their appointment at every AGM).

The Board commends the Resolution at Item No. 5 for approval by the Members.

None of the Directors or Key Managerial Personnel or their respective relatives are concerned or interested in the Resolution at Item
No. 5 of the Notice.

Item Nos. 6 & 7:

Mr. T. V. Narendran was appointed as an Additional Director by the Board with effect from 19th September, 2013.

In terms of Section 161(1) of the Companies Act, 2013 and Article 121 of the Company’s Articles of Association, Mr. T. V. Narendran
holds office as Director only till the date of the forthcoming Annual General Meeting, but is eligible for appointment. Notice has been

38
received from a member as required by Section 160 of the Act, signifying its intention to propose the candidature of Mr. T. V. Narendran
for the office of Director.

Mr. T. V. Narendran, born in 1965, is a Mechanical Engineer from REC (NIT), Trichy and MBA from IIM Calcutta. He is a Chevening Scholar
and has also attended the Advanced Management Programme in CEDEP-INSEAD, Fontainebleau, France. Mr. T. V. Narendran joined Tata
Steel in 1988 and has held various positions in the Tata Steel Group.

The Board considers it desirable that the Company should continue to avail itself of the services of Mr. T. V. Narendran as Director and
accordingly commends the Resolution at Item No. 6 for approval by the Members.

The Board of Directors has also appointed Mr. T. V. Narendran as the Managing Director – Designate, India & South East Asia of the
Company for a period of 5 years with effect from 19th September, 2013, subject to the approval of the shareholders. With effect from
1st November, 2013, he is designated as Managing Director, India and South East Asia.

On the recommendation of the Remuneration Committee, the Board, at its meeting held on 13th November, 2013 approved the terms
and conditions of Mr. T. V. Narendran’s appointment, subject to the approval of the shareholders.

The main terms and conditions relating to the appointment of Mr. T. V. Narendran as the Managing Director, India and South East Asia
(MD) are as follows:

(1) Period: From 19th September, 2013 to 18th September, 2018

(2) Nature of Duties:

The MD shall devote his whole time and attention to the business of the Company and carry out such duties as may be entrusted
to him by the Board of Directors from time to time and separately communicated to him and such powers as may be assigned
to him, subject to superintendence, control and directions of the Board in connection with and in the best interests of the
business of the Company and the business of any one or more of its associated companies and/or joint venture companies and/
or subsidiaries. This includes performing duties as assigned by the Board from time to time by serving on the boards of such
associated companies and/or joint venture companies and/or subsidiaries or any other executive body or any committee of
such a company for which he may be allowed to receive remuneration as may be determined by the Board of such associated
companies and/or joint venture companies and/or subsidiaries, subject to compliance with the applicable provisions of the
prevailing laws and regulations.

(3) A) Remuneration:

(a) Salary : ` 6,00,000/- per month, in the scale of ` 6,00,000 to ` 9,00,000/- per month, with annual increments effective
1st April, each year, as may be decided by the Board, based on merit and taking into account the Company’s
performance for the year;

(b) Bonus/performance linked incentive, and/or commission based on certain performance criteria laid down by the
Board;

(c) Benefits, perquisites and allowances as will be determined by the Board from time to time.

39
 Hundred and seventh annual report 2013-14

B) Minimum Remuneration:

Notwithstanding anything to the contrary herein contained where in any financial year during the currency of the tenure
of MD, the Company has no profits or its profits are inadequate, the Company will pay him remuneration by way of salary,
benefits and perquisites and allowances, bonus/performance linked incentive as approved by the Board and to the extent
permitted under the Act.

(4) (i) The MD shall not become interested or otherwise concerned, directly or through his spouse and/or children, in any selling
agency of the Company.

(ii) The terms and conditions of his appointment may be altered and varied from time to time by the Board as it may, in its
discretion, deem fit, irrespective of the limits stipulated under Schedule V to the Act, or any amendments made hereinafter in
this regard in such manner as may be agreed to between the Board and him, subject to such approvals as may be required.

(iii) The appointment may be terminated by either party by giving to the other party six months’ notice of such termination or
the Company paying six months’ remuneration in lieu thereof.

(iv) The employment of the MD may be terminated by the Company without notice or payment in lieu of notice:

(a) If the MD is found guilty of any gross negligence, default or misconduct in connection with or affecting the business
of the Company or any subsidiary or joint venture company or associated company to which he is required by the
Agreement to render services; or

(b) In the event of any serious repeated or continuing breach (after prior warning) or non-observance by him of any of
the stipulations contained in the agreement to be executed between the Company and him; or

(c) In the event the Board expresses its loss of confidence in him.

(v) Upon the termination by whatever means of the MD’s employment:

(a) He shall immediately cease to hold offices held by him in any subsidiary or joint venture company or associated
company and other entities without claim for compensation for loss of office.

(b) He shall not without the consent of the Company at any time thereafter represent himself as connected with the
Company or any of its subsidiaries or joint venture companies or associated companies.

(vi) The MD is being appointed by virtue of his employment in the Company and his appointment is subject to the provisions
of Section 167(1)(h) of the Act. He shall not be liable to retire by rotation.

(vii) If and when the agreement expires or is terminated for any reason whatsoever, Mr. Narendran will cease to be the MD and
also cease to be a Director. If at any time he ceases to be a Director of the Company for any reason whatsoever, he shall
cease to be the MD and the agreement shall forthwith terminate. If at any time, he ceases to be in the employment of the
Company for any reason whatsoever, he shall cease to be a Director and MD of the Company.

(viii) The terms and conditions of appointment of MD also include clauses pertaining to adherence to the Tata Code of Conduct,
intellectual property, non-competition, no conflict of interest with the Company and maintenance of confidentiality.

40
An abstract of the terms of remuneration of Mr. T. V. Narendran pursuant to Section 302 of the Companies Act, 1956 was sent to the
Members in November 2013.

Mr. T. V. Narendran is interested and concerned in the Resolutions mentioned at Item Nos. 6 & 7 of the Notice. Other than
Mr. T. V. Narendran, no other Director, Key Managerial Personnel or their respective relatives are concerned or interested in the
Resolutions mentioned at Item Nos. 6 & 7 of the Notice.

In compliance with the provisions of Sections 196, 197 and other applicable provisions of the Act, read with Schedule V to the Act, the
approval of the Members is sought for the appointment and terms of remuneration of Mr. T. V. Narendran as MD as set out above.

The Resolution regarding the appointment of the MD at Item No. 7 is commended for approval by the Members.

Item No. 8:

Mr. Nusli N. Wadia has been a Non-Executive Director of the Company since 29th August, 1979 and is considered as an Independent
Director under Clause 49 of the Listing Agreement. Mr. Wadia is a well-known Indian Industrialist. He is the Chairman of Wadia Group
companies and also Director on the Board of several Indian companies.

As per the provisions of Section 149 of the Act, which has come into force with effect from 1st April, 2014, an independent
director shall hold office for a term up to five consecutive years on the Board of a company and is not liable to retire by rotation.
Mr. Nusli N. Wadia has given a declaration to the Board that he meets the criteria of independence as provided under Section 149 (6)
of the Act.

The matter regarding appointment of Mr. Nusli N. Wadia as Independent Director was placed before the Nomination & Remuneration
Committee, which commends his appointment as an Independent Director up to 14th February, 2019, when he will retire as per the
Tata Group Policy on Retirement of Directors adopted by the Company.

In the opinion of the Board, Mr. Nusli N. Wadia fulfils the conditions specified in the Act and the Rules made thereunder for
appointment as Independent Director and he is independent of the management.

In compliance with the provisions of Section 149 read with Schedule IV of the Act, the appointment of Mr. Nusli N.Wadia as Independent
Director is now being placed before the Members in general meeting for their approval.

The terms and conditions of appointment of Independent Directors shall be open for inspection by the Members at the Registered
Office during normal business hours on any working day of the Company.

Mr. Nusli N. Wadia is interested and concerned in the Resolution mentioned at Item No.8 of the Notice. Other than Mr. Nusli N. Wadia,
no other Director, Key Managerial Personnel or their respective relatives are concerned or interested in the Resolution mentioned at
Item No. 8 of the Notice.

Item No. 9:

Mr. Subodh Bhargava has been the Non-Executive Director of the Company since 29th May, 2006 and is considered as an
Independent Director under Clause 49 of the Listing Agreement. Mr. Subodh Bhargava is a Mechanical Engineer from the University
of Roorkee. He was the Group Chairman and Chief Executive Officer of Eicher Group of companies. He is currently Chairman of

41
 Hundred and seventh annual report 2013-14

Tata Communications Limited, TRF Limited, GlaxoSmithKline Consumer Healthcare Limited, Tata Communications International
Pte. Limited and Director on the Boards of a number of companies including Tata Motors Limited, Larsen & Toubro Limited, etc. He is
also the recipient of the first Distinguished Alumnus Award in 2005 by Indian Institute of Technology, Roorkee and in 2011, the “Gaurav
Shri Award” from Agra University. He has also been recognised as the “Best Independent Director 2011” by Asian Centre for Corporate
Governance & Sustainability and `Global India Business Leader´ of the year 2013 by Horasis (The Global Visions Community) for
excellence in Entrepreneurship, Innovation and Leadership.

As per the provisions of Section 149 of the Act, which has come into force with effect from 1st April, 2014, an independent director shall
hold office for a term up to five consecutive years on the Board of a company and is not liable to retire by rotation. Mr. Subodh Bhargava
has given a declaration to the Board that he meets the criteria of independence as provided under Section 149 (6) of the Act.

The matter regarding appointment of Mr. Subodh Bhargava as Independent Director was placed before the Nomination &
Remuneration Committee, which commends his appointment as an Independent Director up to 29th March, 2017, when he will retire
as per the Tata Group Policy on Retirement of Directors adopted by the Company.

In the opinion of the Board, Mr. Subodh Bhargava fulfils the conditions specified in the Act and the Rules made thereunder for
appointment as Independent Director and he is independent of the management.

In compliance with the provisions of Section 149 read with Schedule IV of the Act, the appointment of Mr. Subodh Bhargava as
Independent Director is now being placed before the Members in general meeting for their approval.

The terms and conditions of appointment of Independent Directors shall be open for inspection by the Members at the Registered
Office during normal business hours on any working day of the Company.

Mr. Subodh Bhargava is interested and concerned in the Resolution mentioned at Item No. 9 of the Notice. Other than
Mr. Subodh Bhargava, no other Director, Key Managerial Personnel or their respective relatives are concerned or interested in the
Resolution mentioned at Item No. 9 of the Notice.

Item No. 10:

Mr. Jacobus Schraven has been a Non-Executive Director of the Company since 17th May, 2007 and is considered as an Independent
Director under Clause 49 of the Listing Agreement. Currently, he is Chairman of the Supervisory Board of Tata Steel Nederland BV,
Stork B.V. and Fokker Technologies Holding BV. He is also Chairman of the Board of the Trust Foundation Unilever N.V. and the Trust
Foundation Pref Shares B KPN. Additionally, he is a member of the Supervisory Board of BNP OBAM NV. He is also Treasurer of the
Carnegie Foundation (Peace Palace in The Hague). Mr. Schraven is ’Commander of the Order of Orange Nassau’ (Netherlands) and
‘Officer of the L’égion d’Honneur’ (France).

As per the provisions of Section 149 of the Act, which has come into force with effect from 1st April, 2014, an Independent
Director shall hold office for a term up to five consecutive years on the Board of a company and is not liable to retire by rotation.
Mr. Jacobus Schraven has given a declaration to the Board that he meets the criteria of independence as provided under Section
149 (6) of the Act.

The matter regarding appointment of Mr. Jacobus Schraven as Independent Director was placed before the Nomination &
Remuneration Committee, which commends his appointment as an Independent Director up to 7th February, 2017, when he will
retire as per the Tata Group Policy on Retirement of Directors adopted by the Company.

42
In the opinion of the Board, Mr. Jacobus Schraven fulfils the conditions specified in the Act and the Rules made thereunder for
appointment as Independent Director and he is independent of the management.

In compliance with the provisions of Section 149 read with Schedule IV of the Act, the appointment of Mr. Jacobus Schraven as
Independent Director is now being placed before the Members in general meeting for their approval.

The terms and conditions of appointment of Independent Directors shall be open for inspection by the Members at the Registered
Office during normal business hours on any working day of the Company.

Mr. Jacobus Schraven is interested and concerned in the Resolution mentioned at Item No. 10 of the Notice. Other than
Mr. Jacobus Schraven, no other Director, Key Managerial Personnel or their respective relatives are concerned or interested in the
Resolution mentioned at Item No.10 of the Notice.

Item No. 11:

Mrs. Mallika Srinivasan has been a Non-Executive Director of the Company since 21st May, 2012 and is considered as an Independent
Director under Clause 49 of the Listing Agreement. Mrs. Mallika Srinivasan is the Chairman and Chief Executive Officer of Tractors and
Farm Equipment Limited and TAFE Motors and Tractors Limited.  She is also a Director on the Board of Tata Global Beverages Limited.
Mrs. Srinivasan is the recipient of the Padma Shri Award in 2014 and several business leadership awards and has an avid interest in
academia, particularly management education.

As per the provisions of Section 149 of the Act, which has come into force with effect from 1st April, 2014, an Independent
Director shall hold office for a term up to five consecutive years on the Board of a company and is not liable to retire by rotation.
Mrs. Mallika Srinivasan has given a declaration to the Board that she meets the criteria of independence as provided under Section
149 (6) of the Act.

The matter regarding appointment of Mrs. Mallika Srinivasan as Independent Director was placed before the Nomination &
Remuneration Committee, which commends her appointment as an Independent Director from the date of this Annual General
Meeting up to a period of five consecutive years, i.e., up to 13th August, 2019.

In the opinion of the Board, Mrs. Mallika Srinivasan fulfils the conditions specified in the Act and the Rules made thereunder for
appointment as Independent Director and she is independent of the management.

In compliance with the provisions of Section 149 read with Schedule IV of the Act, the appointment of Mrs. Mallika Srinivasan as
Independent Director is now being placed before the Members in general meeting for their approval.

The terms and conditions of appointment of Independent Directors shall be open for inspection by the Members at the Registered
Office during normal business hours on any working day of the Company.

Mrs. Mallika Srinivasan is interested and concerned in the Resolution mentioned at Item No.11 of the Notice. Other than
Mrs. Mallika Srinivasan, no other Director, Key Managerial Personnel or their respective relatives are concerned or interested in the
Resolution mentioned at Item No. 11 of the Notice.

43
 Hundred and seventh annual report 2013-14

Item No. 12:

Mr. O. P. Bhatt has been a Non-Executive Director of the Company since 10th June, 2013 and is considered as an Independent Director
under Clause 49 of the Listing Agreement. Mr. O. P. Bhatt is a graduate in Science and a post graduate in English Literature (Gold
Medalist). His last assignment from 1st July, 2006 to 31st March, 2011 was as Chairman, State Bank Group which includes amongst
others State Bank of India, India’s largest commercial bank, five associate banks in India and five banks overseas. He also served as
Chairman of Indian Banks’ Association, the apex body of Indian Banks.

As per the provisions of Section 149 of the Act, which has come into force with effect from 1st April, 2014, an Independent
Director shall hold office for a term up to five consecutive years on the Board of a company and is not liable to retire by rotation.
Mr. O. P. Bhatt has given a declaration to the Board that he meets the criteria of independence as provided under Section 149
(6) of the Act.

The matter regarding appointment of Mr. O. P. Bhatt as Independent Director was placed before the Nomination & Remuneration
Committee, which commends his appointment as an Independent Director from the date of this Annual General Meeting up to a
period of five consecutive years, i.e., up to 13th August, 2019.

In the opinion of the Board, Mr. O. P. Bhatt fulfils the conditions specified in the Act and the Rules made thereunder for appointment as
Independent Director and he is independent of the management.

In compliance with the provisions of Section 149 read with Schedule IV of the Act, the appointment of Mr. O. P. Bhatt as Independent
Director is now being placed before the Members in general meeting for their approval.

The terms and conditions of appointment of Independent Directors shall be open for inspection by the Members at the Registered
Office during normal business hours on any working day of the Company.

Mr. O. P. Bhatt is interested and concerned in the Resolution mentioned at Item No. 12 of the Notice. Other than Mr. O. P. Bhatt, no other
Director, Key Managerial Personnel or their respective relatives are concerned or interested in the Resolution mentioned at Item
No. 12 of the Notice.

Item No. 13:

The Company is directed, under Section 148 of the Act to have the audit of its cost records conducted by a cost accountant
in practice. The Board of your Company has, on the recommendation of the Audit Committee, approved the appointment of
M/s. Shome & Banerjee as the Cost Auditors of the Company to conduct Cost Audits relating to such businesses of the Company as may be
ordered by the Central Government under the Act and the Rules thereunder for the year ending 31st March, 2015, at a remuneration of
` 12 lakhs plus out-of-pocket expenses.

M/s. Shome & Banerjee have furnished a certificate regarding their eligibility for appointment as Cost Auditors of the Company.
M/s. Shome & Banerjee have vast experience in the field of cost audit and have conducted the audit of the cost records of the Company
for the past several years under the provisions of the erstwhile Companies Act, 1956.

The Board has approved the remuneration of ` 12 lakhs plus out-of-pocket expenses to M/s. Shome & Banerjee as the Cost Auditors
and the ratification of the shareholders is sought for the same by an Ordinary Resolution at Item No. 13.

44
The Resolution at Item No. 13 is commended for approval by the Members.

None of the Directors and Key Managerial Personnel of the Company or their respective relatives are concerned or interested in the
Resolution mentioned at Item No. 13 of the Notice.

By Order of the Board of Directors

A. Anjeneyan
Company Secretary &
Chief of Compliance

Mumbai, 14th May, 2014.

Registered Office:
Bombay House,
24, Homi Mody Street, Fort,
Mumbai-400 001.
CIN: L27100MH1907PLC000260
Website: www.tatasteel.com

45
 Hundred and seventh annual report 2013-14

Details of the Directors seeking appointment/re-appointment in the forthcoming Annual General Meeting
(in pursuance of Clause 49 of the Listing Agreement)

Name of Director Mr. Cyrus P Mistry Mr. Ishaat Hussain Mr. T V Narendran
Date of Birth 04.07.1968 02.09.1947 02.06.1965
Date of Appointment 21.05.2012 15.07.1999 19.09.2013
Expertise in specific Company Director with rich and Wide experience in the field of Rich experience in steel
functional areas varied business experience Finance and Management industry
Qualifications Graduate in Civil Engineering from Graduate in Economics from Delhi Mechanical Engineer from
Imperial College, UK and M.Sc University and a member of ICAEW REC (NIT), Trichy and
in Management from London MBA from IIM Calcutta
Business School
Directorship held in Tata Sons Limited Tata Sons Limited NIL
other public companies Tata Industries Limited Titan Company Limited
(excluding foreign The Tata Power Voltas Limited
companies) Company Limited Tata Teleservices Limited
Tata Teleservices Limited Tata Industries Limited
Tata Global Beverages Tata AIG General Insurance Co.
Limited Limited
Tata Consultancy Tata AIA Life Insurance Company
Services Limited Limited
Tata Motors Limited Tata Consultancy Services Limited
Tata Chemicals Limited Tata Sky Limited
The Indian Hotels The Bombay Dyeing &
Company Limited Manufacturing Company
Limited
Tata Capital Limited
Tata Capital Financial Services
Limited
Viom Networks Limited

Membership/ Audit Committee – Chairman Audit Committee – Chairman NIL

Chairmanship of Tata Sons Limited Tata Industries Limited
Committees of other Tata Teleservices Limited
public companies The Bombay Dyeing &
(includes only Audit Manufacturing Company
Committees and Limited
Shareholders’/ Audit Committee – Member
Investors’ Grievance Tata AIA Life Insurance Company
Committee) Limited
Tata Sons Limited
Titan Company Limited
Tata Sky Limited
Tata Consultancy Services Limited
Shareholdings in NIL 2,216 1,753
the Company

46
 Details of the Directors seeking appointment/re-appointment in the forthcoming Annual General Meeting
(in pursuance of Clause 49 of the Listing Agreement)

Name of Director Mr. Nusli N Wadia Mr. Subodh Bhargava Mr. Jacobus Schraven
Date of Birth 15.02.1944 30.03.1942 08.02.1942
Date of Appointment 29.08.1979 29.05.2006 17.05.2007
Expertise in specific Industrialist with rich business Wide experience across various Lawyer
functional areas experience in general industries
Qualifications Educated in UK Mechanical Engineer from Masters Degree in Law
University of Roorke
Directorship held in The Bombay Dyeing and Tata Communications Limited NIL
other public companies Manufacturing Company TRF Limited
(excluding foreign Limited GlaxoSmithKline Consumer
companies) Wadia Techno-Engineering Services Healthcare Limited
Limited Batliboi Limited
The Bombay Burmah Trading Larsen & Toubro Limited
Corporation Limited Tata Motors Limited
Britannia Industries Limited
Tata Chemicals Limited
Tata Motors Limted
Go Airlines (India) Limited
Membership/ NIL Audit Committee – NIL
Chairmanship of Member
Committees of other Tata Communications Limited
public companies Batliboi Limited
(includes only Audit
Committees and
Shareholders’/
Investors’ Grievance
Committee)
Shareholdings in NIL 1,012 NIL
the Company

47
 Hundred and seventh annual report 2013-14

Details of the Directors seeking appointment/re-appointment in the forthcoming Annual General Meeting
(in pursuance of Clause 49 of the Listing Agreement)

Name of Director Mrs. Mallika Srinivasan Mr. O P Bhatt

Date of Birth 19.11.1959 07.03.1951
Date of Appointment 21.05.2012 10.06.2013
Expertise in specific Thorough leader and strategist with avid interest in Wide experience in Banking and Financial
functional areas management education Markets
Qualifications Master of Business Management from Wharton School Graduate in Science and a post graduate in
of Business, University of Pennsylvania, USA English Literature (Gold Medalist)
Master of Arts in Econometrics from the University
of Madras, Chennai
Directorship held in Tractors and Farm Equipment Limited Hindustan Unilever Limited
other public companies TAFE Access Limited Tata Consultancy Services Limited
(excluding foreign TAFE Reach Limited Oil and Natural Gas Corporation Limited
companies) TAFE Motors and Tractors Limited
The United Nilgiri Tea Estates Company Limited
Tata Global Beverages Limited
Membership/ Audit Committee – Member Audit Committee – Member
Chairmanship of TAFE Motors and Tractors Limited Hindustan Unilever Limited
Committees of other Tata Consultancy Services Limited
public companies Oil and Natural Gas Corporation Limited
(includes only Audit Stakeholders’ Relationship Committee –
Committees and Chairman
Shareholders’/ Hindustan Unilever Limited
Investors’ Grievance Stakeholders’ Relationship Committee –
Committee) Member
Tata Consultancy Services Limited
Oil and Natural Gas Corporation Limited
Shareholdings in NIL NIL
the Company

48