Page 183 - Hitachi IR 2025

The composition of the Committee of Independent Directors as of March 31, 2025 and the attendance of
members at the Meeting held during the financial year 2024-25 are as follows:
Members of the Committee Designation No. of Meetings
Held Attended
Mr. Mukesh Butani Chairman, Independent Director 1 1
Ms. Akila Krishnakumar Independent Director 1 1
Ms. Meena Ganesh Independent Director 1 1
• Fund Raise Committee: The Fund Raise Committee was constituted on January 18, 2025, by the Board
of Directors for the purpose of making all decisions related to fund-raising matters. By exercising these
powers, the Fund Raise Committee provided the necessary approvals for raising funds through QIP.
During the financial year under review, three meetings were held viz., one on March 10, 2025 and the
remaining two on March 13, 2025.
The composition of the Committee of Fund Raise Committee as of March 31, 2025 and the attendance of
members at the Meeting held during the financial year 2024-25 are as follows:
Members of the Committee Designation No. of Meetings
Held Attended
Mr. Mukesh Hari Butani Chairman, Independent Director 3 3
Mr. Nuguri Venu Member, Managing Director & CEO 3 3
Mr. Ismo Antero Haka Member, Non-Executive, Non-Independent Director 3 2
Mr. Poovanna Ammatanda, General Counsel, Company Secretary and Compliance Officer acted as the
Secretary to the Committee.
11. SUBSIDIARY COMPANY:
The Company did not have any subsidiaries during the period under review. Accordingly, the requirements of
providing details of material subsidiaries of the listed entity as on March 31, 2025, including the date and place
of incorporation, name and date of appointment of the statutory auditors of such subsidiary(ies) does not arise.
Policy for Material Subsidiary:
The policy on material subsidiaries is not applicable as the Company does not have any Subsidiaries as of
reporting date.
12.  MANAGING DIRECTOR (MD) & CHIEF EXECUTIVE OFFICER (CEO) AND CHIEF FINANCIAL OFFICER (CFO)
CERTIFICATION:
As required under Regulation 17 read with Part B of Schedule II of the SEBI Listing Regulations, the MD and CFO
certification on the financial statements, the cash flow statement and the internal control systems for financial
reporting has been obtained from Mr. Nuguri Venu, Managing Director and Chief Executive Officer and Mr. Ajay
Singh, Chief Financial Officer. The said certificate is annexed as Annexure-1 to this report.
13. GENERAL BODY MEETINGS:
(a) Annual General Meeting:
The Annual General Meetings of the Company were held through Video Conferencing (“VC”) or Other Audio
Visual Means (“OAVM”) at the registered office of the Company until the last Meeting. Further, 5th Annual
General Meeting was held in physical mode at Sheraton Grand Bangalore Hotel at Brigade Gateway, 26/1
Dr. Rajkumar Road, Malleswaram-Rajajinagar, Bengaluru – 560 055.
Details of the last three AGMs held are as below:
5th AGM was held at
Sheraton Grand Bangalore
Hotel at Brigade Gateway,
26/1 Dr. Rajkumar Road,
Malleswaram-Rajajinagar,
Bengaluru – 560 055
Financial Year No. of AGM and Venue Day & Date Time (IST) Special Resolutions passed
2023-2024
(April 2023-
Mar 2024)
Wednesday,
August 21, 2024
11:00 am -
Integrated Annual Report 2024-25
181