Arohan Financial Services Limited | Annual Report 2021-22

118 | Annual Report | 2021-2022 BOARDOF DIRECTORS Composition and category of the Board The Company has a broad-based Board of Directors, constituted in compliance with the Section 45-IA of the RBI Act, 1934 and Companies Act, 2013, and in accordance with good corporate governance practices. The Company recognizes and embraces the importance of a diverse Board and strongly believes that an active, well- informed, independent and diverse Board will leverage differences in thought, perspective, knowledge, skill, industry experience and age, whichwill help us retain and maximize our competitive advantage. The Board of Directors (‘ the Board ’) is at the very root of companies’ corporate governance practice and oversees and ensures that the Management serves and protects the long-term interest of all our stakeholders. The Board functions either as a full Board or through various committees constituted to over- see specific operational areas. As on March 31, 2022, the Company’s Board comprised of twelve (12) Directors including, four (4) Non- Executive Independent Directors (out of which includes one (1) Women Independent Director), One (1) Executive Director and Seven (7) Non-Executive Nominee Directors. During the year under review, the Boardmet 8(Eight) times on June 04, 2021, July 10, 2021, August 07, 2021, November 11, 2021, December 7, 2021, February 11, 2022, March 17, 2022 and March 24, 2022. The interval between the two meetings was well within the maximum period mentioned under Section 173 of the Companies Act, 2013. The names of the members of the Board, their status, their attendance at the Board Meetings and the last Annual General Meeting (“AGM”), number of other Directorships and Committee membership(s)/ chairmanship(s) of each Director are as under: Sl. No. Name of the Director Category of Directors No. of meetings held in FY 2021-22 No. of meetings attended (including through electronic mode in FY2021-22 Whether attended last AGM No. of other Directors- ship held in other public companies No. of other Board Committee Member- ships/ Chairman ship* Details of directorship held in Listed Entity (including debt listed) Category of Directorship 1. Mr. Manoj Kumar Narayan Nambiar Managing Director 8 8 Yes 0 Nil Nil Nil 2. Mr. Anurag Agrawal Director 8 7 Yes 1 Nil 1. Ashv Finance Limited Director 3. Mr. Vineet Chandra Rai Nominee Director 8 7 Yes 1 Nil 1. Ashv Finance Limited Director 4. Mr. Dinesh Kumar Mittal Independent Director 8 8 Yes 7 6 (including 5 as a Chairman) 1. Max Ventures and Industries Limited 1. Independent Director 2. Max Financial Services Limited 2. Non- Executive - Independent Director- Shareholder Director 3. Trident Limited 3, 4 and 5 Non- Executive - Independent Director 4. Balrampur Chini Mills Ltd 5. Bharti Airtel Limited 5. Mr. Sumantra Banerjee Independent Director 8 8 Yes 1 Nil Nil Nil 6. Mr. Rajat Mohan Nag Independent Director 8 8 Yes Nil Nil Nil Nil