Prekshak Ltd, a cosmetics manufacturing company was rapidly expanding its business operations and was planning to go for an IPO in couple of months. The Company presently had more than 1000 shareholders and was expecting

Constitution of Stakeholders Relationship Committee -According to Section 178(5) of the Companies Act, 2013, the Board of Directors of a company which consists of more than one thousand shareholders, debenture holders, deposit-holders and any other security holders at any time during a financial year shall constitute a Stakeholders Relationship Committee consisting of a chairperson who shall be a non-executive director and such other members as may be decided by the Board. As the company has more than one thousand shareholders, hence required to constitute the committee. Constitution of Stakeholders Relationship Committee Regulation 20(1) of SEBI (LODR) Regulations, 2015. The listed entity shall constitute a Stakeholders Relationship Committee to specifically look into various aspects of interest of shareholders, debenture holders and other security holders. Role of the Stakeholders Relationship Committee as specified in Part D of the Schedule II (Regulation 20) is as under: (1) Resolving the grievances of the security holders of the listed entity including complaints related to transfer/transmission of shares, non-receipt of annual report, non- receipt of declared dividends, issue of new/duplicate certificates, general meetings etc. (2) Review of measures taken for effective exercise of voting rights by shareholders. (3) Review of adherence to the service standards adopted by the listed entity in respect of various services being rendered by the Registrar & Share Transfer Agent. (4) Review of the various measures and initiatives taken by the listed entity for reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend warrants/annual reports/statutory notices by the shareholders of the company.