Arohan Financial Services Limited | Annual Report 2022-23

| 196 Annual Report | 2022-2023 Financial Note 50(A): Additional disclosures pursuant to the RBI/2021-22/112DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021 on Scale Based Regulation (contd) Arohan Financial Services Limited Summary of significant accounting policies and other explanatory information for the year ended 31 March 2023 (Contd.) (All amounts in ` lakhs unless otherwise stated) (b) Nomination and Remuneration Committee Nomination and Remuneration Committee has been constituted under Section 178 of the Companies Act 2013 and under Regulation 19 and Part D of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The Committee has been responsible to oversee that the Company’s nomination process including succession planning for the senior management and the Board and specifically to assist the Board by identifying, screening and reviewing individuals qualified to serve as directors so that the directors appointed wouldhaveappropriateskills tosupport the functioningof theCompanyandalsotoadviseBoardonRemuneration policy for Directors, Key Managerial Personnel and other employees. (c) Risk Management Committee Risk Management Committee has been constituted under Regulation 21 and Part D of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 along with the RBI Master Direction. The Committee has overall responsibility to the identification, evaluation and mitigation of strategic, operational, and external environment risks; for monitoring and approving the risk policies and associated actionable. The Committee has been also responsible for reviewing and approving risk disclosure statements for dissemination. Name of the Director Member of Committee since Capacity (i.e., Executive/ Non-Executive/ Chairman/ Promoter nominee/ Independent) Number of Meetings of the Committee Number of shares held in the NBFC Held Attended Ms. Matangi Gowrishankar April 27, 2018 Non Executive - Independent Director 5 5 Nil Mr. Sumantra Banerjee April 27, 2018 Non Executive - Independent Director 5 3 10,000 Mr. Rajat Mohan Nag April 27, 2018 Non Executive - Independent Director 5 4 Nil Mr. Piyush Goenka April 27, 2018 Non Executive - Nominee Director 5 4 Nil Mr. Vineet Chandra Rai April 27, 2018 Promoter Nominee Director 5 3 Nil Name of the Director Member of Committee since Capacity (i.e., Executive/ Non-Executive/ Chairman/ Promoter nominee/ Independent) Number of Meetings of the Committee Number of shares held in the NBFC Held Attended Mr. Rajat Mohan Nag April 27, 2018 Non Executive - Independent Director 4 4 Nil Mr. Sumantra Banerjee April 27, 2018 Non Executive - Independent Director 4 3 10,000 Ms. Matangi Gowrishankar April 27, 2018 Non Executive - Independent Director 4 4 Nil Mr. Piyush Goenka April 27, 2018 Non Executive - Nominee Director 4 3 Nil Mr. Wilhelmus Marthinus Maria Van Der Beek April 27, 2018 Non Executive - Nominee Director 4 Nil Nil