Arohan Financial Services Limited | Annual Report 2021-22

Annexures to Director’s Report | 125 Annual Report | 2021-2022 Directors. The Chief Financial Officer is the permanent invitee to the meetings of the Committee. The other directors are invited to attend the IPO Committee meetings as when required. The Company Secretary acts as the secretary to the Committee. The Committee met once (1) time during the year on April 8, 2021. Attendance of Director: Name of the Member Position No. of Meetings Held No. of Meetings Attended Mr. Vineet Chandra Rai Promoter Nominee Director 1 1 Mr. Piyush Goenka Nominee Director 1 1 Mr. Anurag Agrawal Promoter Nominee Director 1 1 Mr.Manoj Kumar Narayan Nambiar Managing Director 1 1 9. Meeting of Independent Directors Schedule IV of the Companies Act, 2013 and the Rules thereunder mandate that the independent directors of the Company shall hold at least one meeting in a year, without the attendance of non-independent directors and members of the Management. At such meetings, the independent directors discuss, among other matters, the performance of the Company and risks faced by it, the flow of information to the Board, competition, strategy, leadership strengths and weaknesses, governance, compliance, Board movements, human resource matters and performance of the executive members of the Board, including theChairman. During the year, the independent directors met on June 03, 2021 without the presence of the Management. General Body Meetings Details of location and time, where last three Annual General Meetings held are given below: Financial Year Category Location Date Time 2020- 2021 AGM Registered Office August 05, 2021 3:00 PM 2019- 2020 AGM Registered Office August 03, 2020 11:30 AM 2018- 2019 AGM Registered Office August 05, 2019 11:00 AM Two (2) Extra Ordinary General Meeting of the Company was held on December 30, 2021 and March 28, 2022. The following business items were approved by Special Resolution in the last three AGMs: FY 2018-19: 1. Increase the borrowing power of the Company; 2. Creation of charge and providing security; 3. Issue of Non-Convertible Debentures; 4. Payment of Commission to Directors. FY 2019-20: 1. Increase the borrowing power of the Company; 2. Creation of charge and providing security; 3. Issue of Non-Convertible Debentures; 4. Payment of Commission to Directors; 5. Approval of Arohan Employee Stock Option Plan 2018 (Grant 2020). FY 2020-21 1. Increase the borrowing power of the Company;