99 | Annual Report | 2024-2025 as and when required. The Company Secretary acts as the Secretary to the Committee. The Committee met Five (5) times during the year on May 24, 2024, August 05,2024, September 28, 2024, November 12, 2024 and February 12, 2025. Remuneration Policy: Nomination and Remuneration Committee of the Company also determines the sitting fees to be paid to Non-Executive Directors/ Independent Directors of the Company. In case the Company determines the use of services of the Directors for specific assignments then the Company would compensate the directors additionally for their professional services and such compensation would be determined by the Board after being recommended by the Committee. The compensation payable to the Independent Directors is as decided by the Board, the sum of which does not exceed as per the provisions of the Companies Act, 2013. 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. Dinesh Kumar Mittal May 12, 2023 Non Executive - Independent Director 5 4 Nil 2 Mr. Ulhas Sharadkumar Deshpande (*****) January 15, 2024 Non-Executive- Independent Director 5 4 Nil 3 Mr. Rajat Mohan Nag (*) April 27, 2018 Non Executive - Independent Director 4 2 Nil 4 Mr. Sumantra Banerjee (**) April 27, 2018 Non Executive - Independent Director 0 0 10,000 5 Mr. Piyush Goenka April 27, 2018 Non Executive - Nominee Director 5 2 Nil 6 Mr. Vineet Chandra Rai April 27, 2018 Promoter Nominee Director 5 2 Nil 7 Mr. John Arunkumar Diaz (***) April 29, 2024 Non Executive - Independent Director 5 5 57,345 8 Mr. Jose Joseph Kattoor (****) February 12, 2025 Non Executive - Independent Director 0 0 Nil (*) Owing to the completion of second and final term Mr. Rajat Mohan Nag ceased to be a member 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. John Arunkumar Diaz was appointed as a member of the Committee w.e.f April 29, 2024. (****) Mr. Jose Joseph Kattoor was appointed as a member of the Committee w.e.f February 12, 2025. (*****) Mr. Ulhas Sharadkumar Deshpande was appointed as a Chairperson of the Committee w.e.f January 15, 2024. 5. Share Transfer and Securities Allotment Committee The Share Transfer and Securities Allotment Committee of the Board is responsible for ensuring that the shares allotment and transfer of the company should be fit and proper as per the provisions of the Companies Act, 2013. As on March 31, 2025, the Committee is comprised of Managing Director, one (1) Nominee Director and two (2) Promoter Nominee Directors. The other directors are invited to attend the Share Transfer and Securities
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