205 | 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) 2) Committees of the Board and their composition (Cont'd) (b) Nomination and Remuneration Committee (Cont'd) Sl. No. 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 1 Mr. Dinesh Kumar Mittal (*) May 12, 2023 Non Executive - Independent Director 6 6 Nil 2 Ms. Matangi Gowrishankar (**) April 27, 2018 Non Executive - Independent Director 6 6 Nil 3 Mr. Ulhas Sharadkumar Deshpande (***) January 15, 2024 Non-Executive- Independent Director 1 1 Nil 4 Mr. Sumantra Banerjee April 27, 2018 Non Executive - Independent Director 7 6 10,000 5 Mr. Rajat Mohan Nag April 27, 2018 Non Executive - Independent Director 7 7 Nil 6 Mr. Piyush Goenka April 27, 2018 Non Executive - Nominee Director 7 4 Nil 7 Mr. Vineet Chandra Rai April 27, 2018 Promoter Nominee Director 7 5 Nil Sl. No. 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 1 Mr. Rajat Mohan Nag April 27, 2018 Non Executive - Independent Director 4 4 Nil 2 Mr. Sumantra Banerjee April 27, 2018 Non Executive - Independent Director 4 3 10,000 3 Ms. Matangi Gowrishankar (*) April 27, 2018 Non Executive - Independent Director 3 3 Nil 4 Mr. Piyush Goenka April 27, 2018 Non Executive - Nominee Director 4 3 Nil 5 Mr. Wilhelmus Marthinus Maria Van Der Beek April 27, 2018 Non Executive - Nominee Director 4 Nil Nil 6 Mr. Ulhas Sharadkumar Deshpande (**) January 15, 2024 Non-Executive- Independent Director 1 1 Nil 7 Mr. John Arunkumar Diaz (**) January 15, 2024 Non-Executive- Independent Director 1 1 57,345 (*) Mr. Dinesh Kumar Mittal was appointed as a Member of the committee w.e.f May 12, 2023. (**) Owing to the resignation w.e.f January 14, 2024, Ms. Matangi Gowrishankar ceased to be a member of the committee. (***) Mr. Ulhas Sharadkumar Deshpande was appointed as a Chairperson of the Committee w.e.f January 15, 2024. (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. (*) Owing to the resignation w.e.f January 14, 2024, Ms. Matangi Gowrishankar ceased to be a member of the committee. (**) Mr. John Arunkumar Diaz and Mr. Ulhas Sharadkumar Deshpande were appointed as a member of the committee w.e.f January 15, 2024. 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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