101 | Annual Report | 2023-2024 January 15, 2024. Further, Mr. Sumantra Banerjee ceased to a member of the Committee and Mr. John Arunkumar Diaz was appointed as Member of the Nomination and Remuneration Committee with effect from April 29, 2024. As on March 31, 2024 the Committee comprised of Four (4) Independent Directors, one (1) Nominee Director and one (1) Promoter Nominee Director. The Chief Financial Officer and the Head of HR, Admin, Training & CSR are permanent invitees to the meetings of the Committee. The other directors and observers are invited to attend the Committee meetings as and when required. The Company Secretary acts as the Secretary to the Committee. The Committee met Seven (7) times during the year on May 12, 2023, May 31, 2023, August 08, 2023, November 10, 2023, December 05, 2023, January 03, 2024 and February 14, 2024. Attendance of Director: Name of the Member Position No. of Meetings Held No. of Meetings Attended Ms. Matangi Gowrishankar* Independent Director 6 6 Mr. Ulhas Sharadkumar Deshpande* Independent Director 1 1 Mr. Sumantra Banerjee* Independent Director 7 6 Mr. Dinesh Kumar Mittal* Independent Director 6 6 Mr. Rajat Mohan Nag Independent Director 7 7 Mr. Piyush Goenka Nominee Director 7 4 Mr. Vineet Chandra Rai Promoter Nominee Director 7 5 Mr. John Arunkumar Diaz * Independent Director NIL NIL * Mr. Dinesh Kumar Mittal was appointed as member of the Nomination and Remuneration Committee with effect from May 12, 2023. Ms. Matangi Gowrishankar ceased to be a Chairperson of the Committee with effect from January 14, 2024 and Mr. Ulhas Sharadkumar Deshpande was appointed as Chairperson of the Committee with effect from January 15, 2024. Further, Mr. Sumantra Banerjee ceased to be a member of the Committee and Mr. John Arunkumar Diaz was appointed as Member of the Nomination and Remuneration Committee with effect from April 29, 2024. Note: Only covers No. of meetings held in FY 23-24 of Members during their directorship period. 5. 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 provisions of the Companies Act, 2013. Composition: • Mr. Manoj Kumar Narayan Nambiar, Chairperson • Mr. Anurag Agrawal, Member • Mr. Vineet Chandra Rai, Member • Mr. Piyush Goenka, Member As on March 31, 2024, the Committee is comprised of Managing Director, one (1) Nominee Director and two (2) Promoter Nominee Directors. The Chief Financial Officer is the permanent invitee to the meetings of the Committee. The other directors are invited to attend the Share Transfer and Securities Allotment Committee meetings as and when required. The Company Secretary acts as the Secretary to the Committee. The Committee met Four (4) times during the year on April 27, 2023, May 24, 2023, August 30, 2023, and December 19, 2023. Attendance of Director: Name of the Member Position No. of Meetings Held No. of Meetings Attended Mr. Manoj Kumar Narayan Nambiar Managing Director 4 3 Mr. Anurag Agrawal Promoter Nominee Director 4 3 Mr. Vineet Chandra Rai Promoter Nominee Director 4 4 Mr. Piyush Goenka Nominee Director 4 2 6. 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
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