Arohan Financial Services Limited | Annual Report 2022-23

| 94 Annual Report | 2022-2023 responsibilities with regard to the identification, evaluation and mitigation of strategic, operational, and external environment risks. The Board is also periodically informed of the business risk and actions taken to manage them. The Company has put in place a risk management policy which provides an overview of the principles of the risk management of the company. Composition: • Mr. Rajat Mohan Nag, Chairperson • Mr. Sumantra Banerjee, Member • Ms. Matangi Gowrishankar, Member • Mr. Piyush Goenka, Member • Mr. Wilhelmus Marthinus Maria Van Der Beek, Member As on March 31, 2023 the Committee comprised of three (3) Independent Directors and two (2) Nominee Directors. The Managing Director, the Chief Financial Officer and theHeadof Risk &Credit are the permanent invitees to the meetings of the Committee. The other directors and observers are invited to attend the Risk Committee meetings as when required. The Company Secretary acts as the secretary to the Committee. The Risk Committee met four (4) times during the year on May 11, 2022, August 12, 2022, November 11, 2022 and February 14, 2023. Attendance of Directors: Name of the Member Position No. of Meetings Held No. of Meetings Attended Mr. Rajat Mohan Nag Independent Director 4 4 Mr. Sumantra Banerjee Independent Director 4 3 Ms. Matangi Gowrishankar Independent Director 4 4 Mr. Piyush Goenka Nominee Director 4 3 Mr. Wilhelmus Marthinus Maria Van Der Beek Nominee Director 4 Nil 3. Corporate Social Responsibility Committee The primary objective of the Committee is to assist the Board in fulfilling its corporate social responsibility. The Committee has overall responsibility for identifying the areas of CSR activities and implementing and monitoring the CSR Policy from time to time. The Committee also recommends the amount of expenditure to be incurred on the identified CSR activities. TheCommittee is headedby an Independent Director. Composition: • Mr. Sumantra Banerjee, Chairperson • Mr. Anurag Agrawal, Member • Mr. Wilhelmus Marthinus Maria Van Der Beek, Member • Mr. Manoj Kumar Narayan Nambiar, Member As on March 31, 2023, the Committee comprised of one (1) Independent Director, one (1) Promoter Director, one (1) Nominee Director and the Managing Director. The Chief Financial Officer and the Head of HR, Admin, Training & CSR are permanent invitees to themeetings of the Committee. The other directors are invited to attend the Corporate Social Responsibility Committee meetings as when required. The Company Secretary acts as the secretary to the Committee. The Committee met twice (2) during the year on May 10, 2022 and November 10, 2022. Attendance of Directors: Name of the Member Position No. of Meetings Held No. of Meetings Attended Mr. Sumantra Banerjee Independent Director 2 1 Mr. Anurag Agrawal Promoter Nominee Director 2 2 Mr. Manoj Kumar Narayan Nambiar Managing Director 2 2 Mr. Wilhelmus Marthinus Maria Van Der Beek Nominee Director 2 Nil Annexures to Director’s Report