97 | Annual Report | 2024-2025 The Chief Financial Officer, who is responsible for the finance function, the Head of Internal Audit and the representative of the Statutory Auditors, are invited to attend meetings of the Audit Committee. Further, the Secretarial Auditor is invited once in a financial year for the discussion of the Secretarial Audit Report. The Company Secretary acts as the Secretary to the Audit Committee. 2. Risk Management Committee Periodic assessment to identify the risk areas is very necessary for a rapid growth of a company and this is effectively carried out by the Committee and management is briefed on the risks in advance by the Committee to enable the Company to control risk through a properly defined plan. The risks are taken into account while preparing the annual business plan for the Company. The Committee also assists the Board in fulfilling its corporate governance oversight responsibilities with regard to the identification, evaluation and mitigation of strategic, operational, and external environment risks. The Board is also periodically informed of the business risk and actions taken to manage them. The Company has put in place a risk management policy which provides an overview of the principles of the risk management of the company. As on March 31, 2025 the Committee comprised of Three (3) Independent Directors and two (2) Nominee Directors. The other directors are invited to attend the Risk Management Committee meetings as and when required. The Company Secretary acts as the Secretary to the Committee. The Risk Management Committee met Four (4) times during the year on May 24, 2024, August 05, 2024, November 12, 2024 and February 11, 2025. 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 3 2 Nil 2 Mr. Sumantra Banerjee (**) April 27, 2018 Non Executive - Independent Director 0 0 10,000 3 Mr. Piyush Goenka April 27, 2018 Non Executive - Nominee Director 4 2 Nil 4 Mr. Wilhelmus Marthinus Maria Van Der Beek April 27, 2018 Non Executive - Nominee Director 4 1 Nil 5 Mr. Ulhas Sharadkumar Deshpande January 15, 2024 Non-Executive- Independent Director 4 3 Nil 6 Mr. John Arunkumar Diaz January 15, 2024 Non-Executive- Independent Director 4 4 57,345 7 Mr. Jose Joseph Kattoor (***) February 11, 2025 Non-Executive- Independent Director 1 1 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. Jose Joseph Kattoor was appointed as a Chairperson of the Committee w.e.f February 11, 2025.
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