203 | Annual Report | 2023-2024 Note 50: Disclosures pursuant to Scale Based Regulation as per circular RBI/DoR/2023-24/106 DoR.FIN.REC. No.45/03.10.119/2023-24 (Cont'd) 1b) Details of change in composition of the Board during the current and previous financial year: Sl. No. Name of the Director Capacity (i.e., Executive/ NonExecutive/ Chairman/ Promoter nominee/ Independent) Nature of Change (appointment/ resignation) Effective Date 1 Mr. Kasper Svarrer Non-Executive-Nominee Director Vacation May 11, 2022 2 Mr. David Arturo Paradiso Non-Executive-Nominee Director Appointment & Resignation May 11, 2022: Additional Director August 11, 2022: Nominee Director November 10, 2023: Resigned 3 Mr. Stephen Dongwon Lee Non-Executive-Nominee Director Appointment December 01, 2022: Additional Director August 07, 2023: Nominee Director 4 Mr. Paul Gratien Robine Non-Executive-Nominee Director Resignation May 12, 2023 5 Mr. Shri Ram Meena Non-Executive-Nominee Director Resignation May 12, 2023 6 Mr. Vemuru Chandramouli Non-Executive-Nominee Director Appointment May 12, 2023 7 Mr. Aditya Mohan Non-Executive-Nominee Director Appointment & Resignation May 12, 2023: Additional Director August 07, 2023: Nominee Director August 08, 2023: Resigned 8 Mr. Nitish Chawla Non-Executive-Nominee Director Appointment May 31, 2023: Additional Director August 07, 2023: Nominee Director 9 Mr. Dinesh Kumar Mittal Non-Executive-Independent Director Re-appointment May 15, 2023 10 Ms. Rupa Rajul Vora Non-Executive-Nominee Director Appointment August 08, 2023 11 Ms. Karina Isabel Alva Alfaro Non-Executive-Nominee Director Appointment November 10, 2023 12 Mr. John Arunkumar Diaz Non-Executive-Independent Director Appointment January 03, 2024: Additional Director February 13, 2024: Independent Director 13 Ms. Matangi Gowrishankar Non-Executive-Independent Director Resignation January 14, 2024 14 Mr. Ulhas Sharadkumar Deshpande Non-Executive-Independent Director Appointment January 15, 2024: Additional Director February 13, 2024: Independent Director The Board placed on record its appreciation for the valuable services rendered by all outgoing Directors. Where an independent director resigns before expiry of her/ his term, the reasons for resignation as given by her/ him shall be disclosed: Ms. Matangi Gowrishankar, Non-Executive Independent Director of the Company has tendered her resignation w.e.f January 14, 2024 in order to avoid conflict of interest of her appointment in a leading private sector bank being a key lender to the Company. Details of any relationship amongst the directors inter-se shall be disclosed: - Nil Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2024 (Contd.) (All amounts in ` lakhs unless otherwise stated)
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