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| Exchange Disseminated Time | KEI Industries Ltd has informed BSE that Credit Analysis & Research Ltd. (CARE) has reaffirmed the ‘CARE CGR 3’ (three) rating assigned to the Corporate Governance practices adopted by the Company. In CARE’s opinion the Company has adopted Corporate Governance practices which would provide its stakeholders adequate level of comfort on the degree of corporate governance.
The rating continues to reflect KEI’s clearly identifiable ownership pattern, well-defined organizational structure with initiatives for putting in place succession planning for the key top functions, adequate Management Information Systems (MIS) within the Company and general compliance with statutory and regulatory requirements. The rating also takes into account the scope for improving the level of strategic oversight by the Independent directors in formulation of business goals and policies. |
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