Arohan Financial Services Limited | Annual Report 2022-23

91 | Annual Report | 2022-2023 BOARD OF 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, The Companies Act, 2013, The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 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, which will help us retain and maximize our competitive advantage. The Board of Directors ( 'the Board' ) is at the very root of Company’s 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, 2023, the Company’s Board comprised of thirteen (13) Directors including, four (4) Non-Executive Independent Directors (out of which includes one (1) Women Independent Director), One (1) Executive Director and Eight (8) Non-Executive Nominee Directors. During the year under review, the Board met 10(ten) times on May 11, 2022, June 17, 2022, August 12, 2022, August 26, 2022, November 11, 2022, November 23, 2022, December 01, 2022, December 22, 2022, February 14, 2023 and March 23, 2023. 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 2022-23 No. of meetings attended (including through electronic mode in FY2022- 23 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 other in Listed Entity (including debt listed) Category of Directorship 1. Mr. Manoj Kumar Narayan Nambiar Managing Director 10 10 Yes 0 Nil Nil Nil 2. Mr. Anurag Agrawal Promoter Nominee Director 10 10 No 1 1 1. Ashv Finance Limited Director 3. Mr. Vineet Chandra Rai Promoter Nominee Director 10 7 No 1 0 1. Ashv Finance Limited Director 4. Mr. Dinesh Kumar Mittal Independent Director (Chairman) 10 10 No 7 7 (including 5 as a Chairman) 1. Max Ventures and Industries Limited Non Executive Independent Director 2. Max Financial Services Limited 3. Balrampur Chini Mills Ltd 4. Bharti Airtel Limited 5. Mr. Sumantra Banerjee Independent Director 10 7 Yes 1 Nil Nil Nil 6. Mr. Rajat Mohan Nag Independent Director 10 7 Yes Nil Nil Nil Nil