| 98 Annual Report | 2024-2025 3. Corporate Social Responsibility Committee The primary objective of the Committee is to assist the Board in fulfilling its corporate social responsibility. The Committee has overall responsibility for identifying the areas of CSR activities and implementing and monitoring the CSR Policy from time to time. The Committee also recommends the amount of expenditure to be incurred on the identified CSR activities. The Committee is headed by an Independent Director. As on March 31, 2025, the Committee comprised of one (1) Independent Director, one (1) Promoter Nominee Director, one (1) Nominee Director and the Managing Director. The other directors are invited to attend the Corporate Social Responsibility Committee meetings as and when required. The Company Secretary acts as the Secretary to the Committee. The Committee met twice (2) during the year on May 23, 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. John Arunkumar Diaz (*) April 29, 2024 Non Executive - Independent Director 2 2 57,345 2 Mr. Sumantra Banerjee (**) April 27, 2018 Non Executive - Independent Director 0 0 10,000 3 Mr. Anurag Agrawal April 27, 2018 Promoter Nominee Director 2 1 Nil 4 Mr. Manoj Kumar N Nambiar April 27, 2018 Executive - Managing Director 2 2 Nil 5 Mr. Wilhelmus Marthinus Maria Van Der Beek April 27, 2018 Non Executive - Nominee Director 2 2 Nil (*) Mr. John Arunkumar Diaz was appointed as a Chairperson of the Committee w.e.f April 29, 2024. (**) Owing to the completion of second and final term Mr. Sumantra Banerjee ceased to be a Chairperson of the committee w.e.f April 29, 2024. 4. Nomination and Remuneration Committee The responsibility of the Nomination and Remuneration Committee of the Board is to oversee that the Company’s nomination process including succession planning for the senior management and the Board and specifically to assist the Board by identifying, screening and reviewing individuals qualified to serve as Executive Directors, Non-Executive Directors and Independent Directors so that the directors appointed would have appropriate skills to support the functioning of the Company. The Committee recommend the appointment and removal of directors and for approval at the general meeting and evaluate the performance of the Board and review the evaluation’s implementation and compliance and plans for leadership development and also develop and maintain corporate governance policies applicable to the Company. The Committee also reviews the candidature of the Directors and ensures that they are fit and proper as per the guidelines of RBI and Companies Act, 2013. Performance evaluation criteria for independent directors forms part of Directors Report. As on March 31, 2025 the Committee comprised of Four (4) Independent Directors, one (1) Nominee Director and one (1) Promoter Nominee Director. The other directors are invited to attend the Committee meetings Annexures to Director’s Report
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