General information about company

Scrip code530127
NSE Symbol
MSEI Symbol
ISININE446D01011
Name of the entityNPR FINANCE LTD
Date of start of financial year01-04-2018
Date of end of financial year31-03-2019
Reporting QuarterQuarterly
Date of Report30-06-2018
Risk management committeeNot Applicable



Annexure I

Annexure I to be submitted by listed entity on quarterly basis

I. Composition of Board of Directors

Disclosure of notes on composition of board of directors explanatoryTextual Information(1)
Is there any change in information of board of directors compare to previous quarter
SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directorsDate of appointment in the current term Date of cessationTenure of director (in months)No of Directorship in listed entities including this listed entity (Refer Regulation 25(1) of Listing Regulations)Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations)No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations)Notes for not providing PANNotes for not providing DIN
1MrNANDLAL TODIABNPT6269L00581581Non-Executive - Non Independent DirectorChairperson related to Promoter14-09-2017120
2MrRAJENDRA KUMAR DUGGARADUPD2495H00403512Non-Executive - Independent DirectorNot Applicable19-09-201460111
3MrNITIN GUHAADTPG1865F01107480Non-Executive - Independent DirectorNot Applicable19-09-201460121
4MrPAWAN KUMAR TODIABRPT4635J00590156Executive DirectorNot ApplicableMD01-11-2014110



Annexure I

Annexure I to be submitted by listed entity on quarterly basis

I. Composition of Board of Directors

SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directorsDate of appointment in the current term Date of cessationTenure of director (in months)No of Directorship in listed entities including this listed entity (Refer Regulation 25(1) of Listing Regulations)Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations)No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations)Notes for not providing PANNotes for not providing DIN
5MrsSARIKA MEHRAAHCPM8008P06935192Executive DirectorNot Applicable19-09-2014100
6MrASHOK BHANDARIADUPB5894Q00012210Non-Executive - Independent DirectorNot Applicable14-09-201760660
7MrArun Charan Mukherji AAUPM6404G00063975Non-Executive - Independent DirectorNot Applicable19-09-201402-04-201860000



Text Block

Textual Information(1)

Mr. Arun Charan Mukherji (DIN- 00063975) resigned from the Directorship of the Company with effect from 02.04.2018, on account of advancing age and health status.

 

Mr. Nandlal Todi (DIN-00581581), non-executive director, was accordingly appointed as the Chairperson of the Board of Directors with effect from 30.05.2018.




Annexure 1

II. Composition of Committees

Disclosure of notes on composition of committees explanatoryTextual Information(1)
Is there any change in information of committees compare to previous quarter

Annexure 1 Text Block

Textual Information(1)
A) AUDIT COMMITTEE & (B) NOMINATION AND REMUNERATION COMMITTEE.

 

 Mr. Arun Charan Mukherji (DIN- 00063975) resigned from the Directorship of the Company with effect from 02.04.2018, on account of advancing age and health status. Accordingly, he also ceased to be a member of the Audit Committee & the Nomination and Remuneration Committee.

 

 

(B) RISK MANAGEMENT COMMITTEE

 

The Company is not required to have a Risk Management Committee. However, the Company has voluntarily complied with the constitution of the Risk Management Committee.  The Committee comprises of two members of the Board of Directors and one senior executive of the Company, who is not a member of the Board of Directors. The Committee is chaired by a member of the Board of Directors.

 

(C) IT STRATEGY COMMITTEE

 

The IT Strategy Committee has been formed in terms of the RBI Master Direction on Information Technology Framework for the NBFC sector. The Committee comprises of 4 members: (i) 3 Directors of the Company; and (ii) a 4th member who is in-charge of the IT operations of the Company and is not a part of the Board of Directors.

 



Audit Committee Details

SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsRemarks
100403512RAJENDRA KUMAR DUGGARNon-Executive - Independent DirectorChairpersonTextual Information(1)
200012210ASHOK BHANDARINon-Executive - Independent DirectorMember
300581581NANDLAL TODINon-Executive - Non Independent DirectorMember
401107480NITIN GUHANon-Executive - Independent DirectorMember

Audit Committee Details Text Block

Textual Information(1)

Mr. Rajendra Kumar Duggar (DIN-00403512 ) has been appointed as the Chairperson of the Audit Committee with effect from 30/05/2018, in place of the Mr. Nitin Guha (DIN-01107480), who continues to be a member of the Audit Committee.

 



Nomination and remuneration committee

SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsRemarks
101107480NITIN GUHANon-Executive - Independent DirectorChairperson
200403512RAJENDRA KUMAR DUGGARNon-Executive - Independent DirectorMember
300012210ASHOK BHANDARINon-Executive - Independent DirectorMember


Stakeholders Relationship Committee

SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsRemarks
101107480NITIN GUHANon-Executive - Independent DirectorChairperson
200581581NANDLAL TODINon-Executive - Non Independent DirectorMember
300590156PAWAN KUMAR TODIExecutive DirectorMember


Risk Management Committee

SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsRemarks
100581581NANDLAL TODINon-Executive - Non Independent DirectorChairperson
200590156PAWAN KUMAR TODIExecutive DirectorMember
301108114SHANKAR BIRJUKAMemberMemberTextual Information(1)

Risk Management Committee Text Block

Textual Information(1)
Mr. Shankar Birjuka is one of the senior executives of the Company. He is not a Director of the Company.


Corporate Social Responsibility Committee

SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsRemarks


Other Committee

SrDIN NumberName of Committee membersName of other committeeCategory 1 of directorsCategory 2 of directorsRemarks
101107480NITIN GUHAFAIR PRACTICE CODE COMMITTEENon-Executive - Independent DirectorChairperson
200581581NANDLAL TODIFAIR PRACTICE CODE COMMITTEENon-Executive - Non Independent DirectorMember
300590156PAWAN KUMAR TODIFAIR PRACTICE CODE COMMITTEEExecutive DirectorMember
401107480NITIN GUHAIT STRATEGY COMMITTEENon-Executive - Independent DirectorChairperson
500590156PAWAN KUMAR TODIIT STRATEGY COMMITTEEExecutive DirectorMember
606935192SARIKA MEHRAIT STRATEGY COMMITTEEExecutive DirectorMember
799999999ASHIM KARMAKARIT STRATEGY COMMITTEEMemberMemberTextual Information(1)

Other Committee Text Block

Textual Information(1)
Mr. Ashim Karmakar is in-charge of the IT operations of the Company and is not a part of the Board of Directors. He is a member of the IT Strategy Committee. Accordingly, he is not required to hold any DIN and hence "99999999" has been mentioned against his name in the DIN column. 



Annexure 1

Annexure 1

III. Meeting of Board of Directors

Disclosure of notes on meeting of board of directors explanatory
SrDate(s) of meeting (if any) in the previous quarterDate(s) of meeting (if any) in the current quarterMaximum gap between any two consecutive (in number of days)
113-02-2018
230-05-2018105



Annexure 1

IV. Meeting of Committees

Disclosure of notes on meeting of committees explanatory Textual Information(1)
SrName of CommitteeDate(s) of meeting of the committee in the relevant quarterWhether requirement of Quorum met (Yes/No)Requirement of Quorum metDate(s) of meeting of the committee in the previous quarterMaximum gap between any two consecutive meetings (in number of days)Name of other committee
1Audit Committee30-05-2018Yes413-02-2018105



Text Block

Textual Information(1)
The quorum requirement for the Audit Committe meetings of the Company is 2. All 4 members of the Audit Committee were present at the meeting dated 30-05-2018. Accordingly, "4" is mentioned against the column " Requirement of Quorum met".



Annexure 1

V. Related Party Transactions

SrSubjectCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
1Whether prior approval of audit committee obtainedYes
2Whether shareholder approval obtained for material RPTYes
3Whether details of RPT entered into pursuant to omnibus approval have been reviewed by Audit CommitteeYes
Disclosure of notes on related party transactions Textual Information(1)
Disclosure of notes of material transaction with related partyTextual Information(2)


Text Block

Textual Information(1)

The Audit Committee at its Meeting held on 13th February, 2018, has accorded fresh omnibus approval to pursue related party transactions subject to the maximum threshold limit prescribed in the Regulations.

Nature of Related Party Transactions during the quarter ended 30.06.2018 is as under:

 

I. Remuneration Paid

 

II. Rent Paid

 

III. Loan Given/taken

  

IV. Purchase / Sale of Foreign Currency 

Textual Information(2)

The Audit Committee at its Meeting held on 13th February, 2018, has accorded fresh omnibus approval to pursue related party transactions subject to the maximum threshold limit prescribed in the Regulations.

Nature of Related Party Transactions during the quarter ended 30.06.2018 is as under:

 

I. Remuneration Paid

 

II. Rent Paid

 

III. Loan Given/taken

  

IV. Purchase / Sale of Foreign Currency 




Annexure 1

VI. Affirmations

SrSubjectCompliance status (Yes/No)
1The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015Yes
2The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit CommitteeYes
3The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committeeYes
4The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committeeYes
5The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 100 listed entities)NA
6The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.Yes
7The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.Yes
8This report and/or the report submitted in the previous quarter has been placed before Board of Directors.Yes
9Any comments/observations/advice of Board of Directors may be mentioned here:Textual Information(1)

Annexure 1

SrSubjectCompliance status
1Name of signatorySARIKA MEHRA
2DesignationCompliance Officer



Text Block

Textual Information(1)

This Report on Corporate Governance shall be placed at the ensuing Board Meeting of the Company. Further, the Report on Corporate Governance of the previous Quarter was placed before the Board of Directors at their meeting held on 30.05.2018.

Risk Management Committee :

The Company is not required to have a Risk Management Committee. However, the Company has in place a Risk Management Committee which comprises of two members of the Board of Directors and one senior executive of the Company, who is not a member of the Board of Directors. The Committee is chaired by a member of the Board of Directors.

The Company has voluntarily complied with the constitution of the Risk Management Committee. Accordingly, the Company has chosen the option "Not applicable" against the particular "Risk Management Committee" under the General Info Annexure. Hence, the option "NA" has also been mentioned against compliance status on the Composition of the Risk Management Committee (Serial No. 5) of "Annx 1 - Affirmations".




Signatory Details

Name of signatorySARIKA MEHRA
Designation of personCompliance Officer
PlaceKOLKATA
Date12-07-2018