Arohan Financial Services Limited | Annual Report 2022-23

97 | Annual Report | 2022-2023 the SEBI Listing Regulations and the Companies Act or other applicable law, is placed before the Committee for their perusal and also to discuss any other matter which the Committee thinks fit. Composition: • Ms. Matangi Gowrishankar, Chairperson • Mr. Anurag Agrawal, Member • Mr. Manoj Kumar Narayan Nambiar, Member As onMarch 31, 2023 theCommittee comprisedof One (1) Non-Executive Independent Director, Managing Director, one (1) Promoter Director. The Chief Financial Officer is the permanent invitee to the meetings of the Committee. The other directors are invited to attend the Stakeholders Relationship Committee meetings as when required. The Company Secretary acts as the secretary to the Committee. No investor grievances were reported by the security holders against the Company as on March 31, 2023. The Committee met once (1) time during the year on February 13, 2023. Attendance of Directors: Name of the Member Position No. of Meetings Held No. of Meetings Attended Ms. Matangi Gowrishankar Independent Director 1 1 Mr. Anurag Agrawal Promoter Nominee Director 1 1 Mr. Manoj Kumar Narayan Nambiar Managing Director 1 1 8. Asset-Liability Management Committee (ALCO) The ALCO is responsible for ensuring adherence to the risk tolerance/limits set by the Board as well as implementing the liquidity risk management strategy of the Company. The role of the ALCO with respect to liquidity risk includes, inter alia, decision on desired maturity profile and mix of incremental assets and liabilities, sale of assets as a source of funding, the structure, responsibilities and controls for managing liquidity risk, and overseeing the liquidity positions of all branches. Composition: • Mr. Manoj Kumar Narayan Nambiar, Chairperson • Mr. Milind Ramchandra Nare, Member • Mr. Shailesh Kumar, Member • Mr. Ranjan Das, Member • Mr. Vishal Wadhwa, Member • Mr. Anirudh Singh G. Thakur, Member As on March 31, 2023, the Committee comprised of Managing Director, Chief Financial Officer, SVP- Credit, Chief Risk Officer, Head of Business and the Company Secretary. AVP-Accounts, DGM-Funding, DGM-Funding, DVP-Accounts, GM-Risk, GM-Product Management, AGM-Product Management, AGM-Legal & Compliance are permanent invitee to the meetings of the Committee. The Committee met every month on April 26, 2022, May 17, 2022, June 15, 2022, July 14, 2022, August 24, 2022, September 17, 2022, October 17, 2022, November 17, 2022, December 14, 2022, January 16, 2023, February 23, 2023 and March 22, 2023 during the year. Attendance of Members: Name of the Member Position No. of Meetings Held No. of Meetings Attended Mr. Manoj Kumar Narayan Nambiar Managing Director 12 12 Mr. Milind Ramchandra Nare Chief Financial Officer 12 12 Mr. Shailesh Kumar SVP-Credit 12 9 Mr. Ranjan Das Chief Risk Officer 12 9 Mr. Vishal Wadhwa** Head of Business 2 2 Mr. Anirudh Singh G. Thakur Company Secretary 12 11 **Mr. Vishal Wadhwa was member of the Committee w.e.f February, 2023.