| 96 Annual Report | 2024-2025 Details of any relationship amongst the directors inter-se shall be disclosed: - Nil Familiarisation Programme for Independent Directors: The Company has established a Familiarisation Programme for Independent Directors. The framework together with the details of the Familiarisation Programme imparted during the financial year under review has been uploaded on the website of the Company and can be accessed at www.arohan.in. Board of Arohan confirms that the Independent Directors fulfill the conditions specified in the regulations and are independent of the management. Committees of the Board- Composition as on March 31, 2025 1. Audit Committee The primary objective of the Audit Committee is to monitor and provide an effective supervision of the Management’s financial reporting process, to ensure accurate and timely disclosures, with the highest levels of transparency, integrity and quality of financial reporting and the Committee assists the Board in dissemination of financial information. The terms of the reference of the Audit Committee covers all matters as per applicable laws. The terms of the reference broadly include review of internal audit reports and action taken reports, assessment of the efficacy of the internal control systems/financial reporting systems and reviewing of the adequacy of the financial policies and practices followed by the Company. The Audit Committee also looks after the compliance with the legal and statutory requirements, the quarterly and annual financial statements and related party transactions and report its finding to the Board. The Committee also recommends the appointment of statutory auditors to the Board. The Committee also looks into those matters specifically referred to it by the Board. The Managing Director, the Chief Financial Officer and other Executive Committee Members are invitees to the meetings of the Committee. The other directors are invited to attend the Audit Committee meetings as and when required. The Company Secretary acts as the Secretary to the Committee. The Audit Committee met Five (5) times during the year on May 23, 2024, August 05, 2024, November 11, 2024, November 16, 2024 and February 12, 2025. The time gap between any two meetings is within the limit prescribed in the applicable law. Composition: Sl. No. Name of the Director Member of Committee since Capacity (i.e., Executive/ NonExecutive/ 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 0 0 10,000 3 Mr. Dinesh Kumar Mittal*** November 10, 2022 Non Executive - Independent Director 5 5 Nil 4 Mr. Piyush Goenka April 27, 2018 Non Executive - Nominee Director 5 2 Nil 5 Mr. John Arunkumar Diaz January 15, 2024 Non Executive - Independent Director 5 5 57,345 6 Mr. Ulhas Sharadkumar Deshpande January 15, 2024 Non Executive - Independent Director 5 3 Nil (*) Owing to the completion of second and final term Mr. Rajat Mohan Nag ceased to be a Chairperson of the committee w.e.f January 31, 2025. (**) Owing to the completion of second and final term Mr. Sumantra Banerjee ceased to be a member of the committee w.e.f April 29, 2024. (***) Mr. Dinesh Kumar Mittal was appointed as a Chairperson of the Committee w.e.f. February 12, 2025. Annexures to Director’s Report
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