Arohan Financial Services Limited | Annual Report 2022-23

| 198 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) (f ) Share Transfer and Securities Allotment Committee The Share Transfer and Securities Allotment Committee of the Board is responsible for ensuring that the shares allotment and transfer of the company should be fit and proper as per the guidelines of Companies Act, 2013. 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. Manoj Kumar N Nambiar February 16, 2018 Executive - Managing Director 5 4 Nil Mr. Anurag Agrawal February 16, 2018 Promoter Nominee Director 5 5 Nil Mr. Vineet Chandra Rai February 16, 2018 Promoter Nominee Director 5 4 Nil Mr. Piyush Goenka February 16, 2018 Non-Executive - Nominee Director 5 5 Nil (g) IT Strategy Committee NBFCs are required to form an IT Strategy Committee. The Chairman of the Committee shall be an Independent Director and CFO should be a part of the Committee. The IT Strategy Committee should meet at an appropriate frequency but not more than six months should elapse between two meetings. The Committee shall work in partnership with other Board committees and Senior Management to provide input to them. It will also carry out review and amend the IT strategies in line with the corporate strategies, Board Policy reviews, cyber security arrangements and any other matter related to IT Governance. (*) Mr. Rajat Mohan Nag is a member of the Committee w.e.f. November 10, 2022. 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. Sumantra Banerjee February 16, 2018 Non Executive - Independent Director 2 1 10,000 Mr. Rajat Mohan Nag (*) November 10, 2022 Non Executive - Independent Director 2 1 Nil Mr. Piyush Goenka February 16, 2018 Non-Executive - Nominee Director 2 1 Nil Mr. Manoj Kumar N Nambiar February 16, 2018 Executive - Managing Director 2 2 Nil Mr. Arvind Murarka February 16, 2018 Chief Information Officer 2 2 Nil