RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits

The terms of reference of the IPO Committee are as under:
1. To take decisions relating to any matter arising pre or post in respect of Initial public
offer to the public and to deal with SEBI, Stock exchange, all intermediaries and to do
all such acts and things as deemed necessary for the purpose.
The IPO Committee has met once (1) during the last fiscal year 2008-2009.
vi.
Selection Committee
The Selection Committee was constituted on March 15th, 2007. The Selection Committee
constitutes the following Directors of the Board:
1. Mr. Manik Lal Dutta, Chairman
2. Mr. Rajesh Kumar Malik, Member
3. Mr. Rameshwar Dayal Aggarwal, Member
The Chairman of the Committee, Mr. Manik Lal Dutta is an Executive Director. Mr. Rajesh
Kumar Malik and Mr. Rameshwar Dayal Aggarwal, members are Whole-time Directors.
The terms of reference of the Selection Committee are as under:
1. To recruit & appoint executives of the company.
2. To decide the term of appointment of executives of the company.
3. To decide the remuneration payable to the executives of the company in consultation
with remuneration committee and Management.
4. To comply with the Director (relative holding of office or place of profit) Rules 2003.
5. To take all other consequential and incidental action and measure.
Shareholding of the Directors
The shareholding of the Directors on the date of filing the Red Herring Prospectus is as follows:
Sl.
No.
Name of the Director No. of Shares %Age of the Paid-up
Share Capital
1. Mr. Deepak Roy 2,25,000 1.84
2. Mr. Gautam Premnath Khandelwal 33 0.0003
For details regarding Equity Shares held by the Promoters and their families and entities
controlled by them, please refer “Capital Structure of the Company” at page no. 22 of this Red
Herring Prospectus.
Interest of the Directors
All the non-Executive Directors of Globus Spirits Ltd. may be deemed to be interested to the
extent of fees, if any, payable to them for attending meetings of the Board or Committee thereof
as well as to the extent of other remuneration and/or reimbursement of expenses payable to
them as per the applicable laws, and the Articles of Association.
The Directors may also be regarded as interested in the Equity Shares and dividend payable
thereon, if any, held by or that may be subscribed by and allotted/transferred to them or the
companies, firms and trust, in which they are interested as Directors, Members, partners and or
trustees. All Directors may be deemed to be interested in the contracts,
agreements/arrangements entered into or to be entered into by Globus Spirits Ltd with any
Company in which they hold Directorships or any partnership firm in which they are partners as
may be declared in their respective declarations.
The Managing Director, Executive Director and Whole Time Directors of Globus Spirits Ltd. Are
interested to the extent of remuneration paid to them for services rendered as officers or
employees of the Company (For more details, please refer “Related Party Disclosures” as
mentioned in the Auditors’ Report given in this Red Herring Prospectus at page no. 155.
136