Indian Oil Corporation Limited 3rd Integrated Annual Report 61st Annual Report 2019-20

About the Report

Shareholding of Directors as on March 31, 2020 The Committee comprised of the following members as on The attendance at the 7 meetings of the CSR & SD Committee held during the year 2019-20 is given below:
March 31, 2020:
The details of shares of the Company held by the Directors
as on March 31, 2020 are given below: 1. Shri Sankar Chakraborti, Independent Director - Chairman
Meeting held on
2. Shri D. S. Shekhawat, Independent Director - Member
Name June 21, July 31, September 30, October 30, December 20, January 24, March 13,
3. Shri Ranjan Kumar Mohapatra, Director (HR) - Member
2019 2019 2019 2019 2019 2020 2020

Chairman’s Desk
Sl.
Name Designation No. of shares 4. Shri S. K. Gupta, Director (Finance) - Member
No.

From the
The attendance at the meeting of the Stakeholders’ Shri Parindu K. Bhagat
Yes Yes Yes Yes NA NA NA
1. Shri Sanjiv Singh Chairman 18972 (upto December 01, 2019)
Relationship Committee held during 2019-20 is given below:

2. Shri G. K. Satish Director (P&BD) 2172 Meeting held on Shri Sankar Chakraborti
Name of the Director Yes Yes Yes Yes Yes Yes NA
March 13, 2020 (upto January 29, 2020)

About IndianOil
Dr. S. S. V.
3. Director (R&D) 9300 Shri Sankar Chakraborti Yes
Ramakumar
Shri D. S. Shekhawat Yes
Shri Ranjan Shri G. K. Satish Yes Yes Yes Yes Yes Yes Yes
4. Director (HR) 9600
Kumar Mohapatra
Shri Ranjan Kumar Mohapatra Yes
Shri Gurmeet Director Shri S. K. Gupta Yes
5. 2172 Shri Ranjan Kumar

Description of Capitals
Singh (Marketing) Yes Yes Yes Yes Yes Yes Yes
Mohapatra
Shri Akshay Director The Company Secretary acts as the Secretary of the
6. -
Kumar Singh (Pipelines)
Stakeholders’ Relationship Committee and is also the
Director Compliance Officer. Shri Gurmeet Singh Yes Yes Yes Yes Yes Yes Yes
7. Shri S. K. Gupta 10872
(Finance)
Details of complaints received and redressed during the
Director financial year 2019-20:

Board of Directors, etc.

8. Shri S. M. Vaidya 16572 Shri S. K. Gupta NA NA Yes Yes Yes Yes Yes
(Refineries)
During the year, 3199 complaints were received and
Government all have been resolved. This includes 3173 complaints
Dr. Navneet for non-receipt of dividends. As on March 31, 2020, no
9. Nominee - Shri Rajendra Arlekar
Mohan Kothari NA NA NA NA NA NA Yes
Director complaints were pending. Further, during the year, 1951 (w.e.f. January 30, 2020)
requests for change of address, recording of nomination,
Government issue of duplicate share certificates / dividend warrant,
Smt. Inrdani
10. Nominee - etc. were received, out of which 8 requests were pending
Kaushal
Director

Directors’ Report
as on March 31, 2020 and the same were subsequently The Company Secretary acts as the Secretary of the CSR The attendance at the meeting of the Risk Management
Independent addressed. & SD Committee. Committee held during 2019-20 is given below:
11. Shri Vinoo Mathur -
Director The Company has created a designated email-id investors@ The CSR Policy is hosted on the website of the Company
indianoil.in exclusively for investors and for responding to on the link https://iocl.com/aboutus/Ioc_S&CSR_policy. Meeting held on
Shri Samirendra Independent Name of the Director
12.
Chatterjee Director
- their queries. pdf. The CSR Report, as required under the Companies January 03, 2020
IV. Corporate Social Responsibility & Sustainable Act, 2013 for the year ended March 31, 2020 is annexed to

Discussion & Analysis

Independent the Director’s Report.

Management’s
13. Shri C. R. Biswal - Development Committee Shri Sanjiv Singh Yes
Director
The Company’s Corporate Social Responsibility (CSR) is V. Risk Management Committee
Dr. Jagdish Independent guided by its corporate vision of caring for environment
14. - The Company has formed a Risk Management Committee
Kishwan Director and community. The Company believes that CSR is its
to review risk management process involving risk Shri G. K. Satish Yes
continuing commitment to conduct business in an ethical
15.
Shri Sankar Independent
-
assessment and minimisation procedure as well as to
Chakraborti Director and sustainable manner and to contribute to the economic
approve the derivative transactions above USD 100 million

Responsibility Report
well-being of the country, while improving the quality of
on ‘mark to market’ basis.
life of the local community residing in the vicinity of its

Business
Shri D. S. Independent Shri Gurmeet Singh Yes
16. -
Shekhawat Director establishments and society at large. The Committee comprised of the following members as on
March 31, 2020:
Shri Rajendra Independent In line with the above vision, the Board has constituted
17. - the Corporate Social Responsibility & Sustainable 1. Shri Sanjiv Singh, Chairman - Chairman of the Committee
Arlekar Director
Development (CSR & SD) Committee to recommend, Shri S. K. Gupta Yes
2. Shri G. K. Satish, Director (P&BD) - Member

Corporate Governance
18. Ms. Lata Usendi
Independent
- monitor and administer activities under the Sustainability
Director and CSR Policy and to also oversee its performance / 3. Shri Gurmeet Singh, Director (Marketing) - Member

Report on
implementation. 4. Shri S. K. Gupta, Director (Finance) - Member Shri S. M. Vaidya Yes
III. Stakeholders’ Relationship Committee The Committee comprised of the following members as on 5. Shri S. M. Vaidya, Director (Refineries) - Member
March 31, 2020:
The Stakeholders’ Relationship Committee examines the
grievances of stakeholders / investors and the system 1. Shri Rajendra Arlekar, Independent Director - Chairman
of redressal of the same. It also approves issuance of 2. Shri G. K. Satish, Director (P&BD) - Member

share certificates. The Company endeavours to resolve
complaints / grievances / queries of stakeholders /
investors within a reasonable period of time.
Financial Statements
3. Shri Ranjan Kumar Mohapatra, Director (HR) - Member
4. Shri Gurmeet Singh, Director (Marketing) - Member
5. Shri S. K. Gupta, Director (Finance) - Member

132 Report on Corporate Governance Report on Corporate Governance 133