General information about company

Scrip code530127
Name of the entityNPR Finance Ltd
Date of start of financial year01-04-2017
Date of end of financial year31-03-2018
Reporting QuarterQuarterly
Date of Report31-12-2017
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 explanatory
Is there any change in information of board of directors compare to previous quarterNo



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 quarterYes
SrName Of CommitteeName of Committee membersCategory 1 of directorsCategory 2 of directorsName of other committee
1Audit CommitteeARUN CHARAN MUKHERJINon-Executive - Independent DirectorMember
2Audit CommitteeNITIN GUHANon-Executive - Independent DirectorChairperson
3Audit CommitteeNANDLAL TODINon-Executive - Non Independent DirectorMember
4Audit CommitteeRAJENDRA KUMAR DUGGARNon-Executive - Independent DirectorMember
5Audit CommitteeASHOK BHANDARINon-Executive - Independent DirectorMember
6Nomination and remuneration committeeNITIN GUHANon-Executive - Independent DirectorChairperson
7Nomination and remuneration committeeARUN CHARAN MUKHERJINon-Executive - Independent DirectorMember
8Nomination and remuneration committeeRAJENDRA KUMAR DUGGARNon-Executive - Independent DirectorMember
9Nomination and remuneration committeeASHOK BHANDARINon-Executive - Independent DirectorMember
10Stakeholders Relationship CommitteeNITIN GUHANon-Executive - Independent DirectorChairperson



Annexure 1

II. Composition of Committees

SrName Of CommitteeName of Committee membersCategory 1 of directorsCategory 2 of directorsName of other committee
11Stakeholders Relationship CommitteeNANDLAL TODINon-Executive - Non Independent DirectorMember
12Stakeholders Relationship CommitteePAWAN KUMAR TODIExecutive DirectorMember
13Other CommitteePAWAN KUMAR TODIExecutive DirectorMemberFAIR PRACTICE CODE COMMITTEE
14Other CommitteeNANDLAL TODINon-Executive - Non Independent DirectorMemberFAIR PRACTICE CODE COMMITTEE
15Other CommitteeNITIN GUHANon-Executive - Independent DirectorChairpersonFAIR PRACTICE CODE COMMITTEE
16Other CommitteeNITIN GUHANon-Executive - Independent DirectorChairpersonIT STRATEGY COMMITTEE
17Other CommitteePAWAN KUMAR TODIExecutive DirectorMemberIT STRATEGY COMMITTEE
18Other CommitteeSARIKA MEHRAExecutive DirectorMemberIT STRATEGY COMMITTEE
19Other CommitteeASHIM KARMAKARMemberMemberIT STRATEGY COMMITTEE



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Textual Information(1)
(A) IT STRATEGY COMMITTEE
 
There is no change in the Composition of Committees, save and except that, a new Committee named: "IT Strategy Committee" has been formed with effect from 14.11.2017.
 
Accordingly, all the Committees' composition has been mentioned in this Report.
 
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.
 
(B) 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. However, the Annexure on the Composition of Committees, is not permitting to mention the composition of the Committee, since, the Company has chosen the option "Non applicable" against the particular "Risk Management Committee" under the General Info Annexure.

 



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)
131-07-2017
214-11-2017105



Annexure 1

IV. Meeting of Committees

Disclosure of notes on meeting of committees explanatory
SrName of CommitteeDate(s) of meeting of the committee in the relevant quarterWhether requirement of Quorum met (Yes/No)Requirement of Quorum met (details)Date(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 Committee14-11-2017YesAll members of the committee were present at the meeting save and except Mr. Nandlal Todi (DIN-00581581). The Secretary of the Committee was also present at the meeting.31-07-2017105



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)



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Textual Information(1)

The members at the 28th Annual General Meeting of the Company held on 14th September, 2017, accorded approval/Ratification for various Related Party Transactions.

 

Information on Related Party transactions will be reviewed at the ensuing meeting of the Audit Committee to be held on or before 14th November, 2017. 

 

The Audit Committee at its Meeting held on 11th February, 2017, 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 and nine months ended 31.12.2017:

 

I. Remuneration Paid

 

II. Rent Paid

 

III. Loan Given

 

IV. Loan taken

 

V. Purchase / Sale of Foreign Currency 

 

Textual Information(2)

The members at the 28th Annual General Meeting of the Company held on 14th September, 2017, accorded approval/Ratification for various Related Party Transactions.

 

Information on Related Party transactions will be reviewed at the ensuing meeting of the Audit Committee to be held on or before 14th November, 2017. 

 

The Audit Committee at its Meeting held on 11th February, 2017, 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 and nine months ended 31.12.2017:

 

I. Remuneration Paid

 

II. Rent Paid

 

III. Loan Given

 

IV. Loan taken

 

V. 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)



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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 14.11.2017.

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. Since the Company has chosen the option "Non applicable" against the particular "Risk Management Committee" under the General Info Annexure, hence, the option "NA" is automatically appearing 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
Date15-01-2018