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The governance manual

The framework, board, committees and policies of NDR Smart Spaces, for ethical and responsible compliance reporting.

Governance framework

How the company is governed.

The governance commitments below are those NDR Smart Spaces reports to investors. Each has a source and a document reference.

  1. Conflict of Interest Policy

    Governs how directors, key managerial personnel and senior management identify, disclose and manage conflicts of interest.

  2. Dividend Distribution Policy

    Sets out the framework the Board follows when determining and distributing dividends.

  3. POSH Policy

    Ensuring a workplace free from sexual harassment by preventing, prohibiting and redressing it across all operational locations and digital forums.

  4. Whistle-Blower Policy (Vigil Mechanism)

    Enable employees and directors to report genuine concerns through a whistle-blower mechanism, without fear of victimisation.

Corporate Structure

How the corporate body is assembled.

  1. NDR Smart Spaces Pvt. Ltd.: Parent platform of the NDR Group
  2. Ownership: NDR Asset Management Pvt. Ltd.. Project management company.
  3. Ownership: Group SPVs. Owns / leases land · constructs warehouses.
  4. Services / Fees, PMC fee and consultancy: Group SPVs to NDR Asset Management Pvt. Ltd..
  5. Ownership: Ave Acres LLP. Development entity · plotting.
  6. Transactions, sale of developed land: Ave Acres LLP to Third parties (land purchasers).
  7. Transactions, consideration paid: Third parties to Ave Acres LLP.
  8. Transactions, sale of SPV ownership: Group SPVs to Third-Party Listed Entity (Purchaser of SPV ownership).
  9. Transactions, consideration paid: Third-Party Listed Entity to Group SPVs.