87 | Annual Report | 2025-2026 8. Asset-Liability Management Committee (ALCO) The ALCO is responsible for ensuring adherence to the risk tolerance/limits set by the Board as well as implementing the liquidity risk management strategy of the Company. The role of the ALCO with respect to liquidity risk includes, inter alia, decision on desired maturity profile and mix of incremental assets and liabilities, sale of assets as a source of funding, the structure, responsibilities and controls for managing liquidity risk, and overseeing the liquidity positions of all branches. As on March 31, 2026, the Committee is comprised of Managing Director, Chief Financial Officer, Chief Business Officer, Chief Risk Officer and Head- Credit & Process Control. The Committee met every month during the year under review on April 18, 2025, May 27, 2025, June 17, 2025, July 24, 2025, August 25, 2025, September 19, 2025, October 24, 2025, November 28, 2025, December 26, 2025, January 20, 2026, February 25, 2026 and March 24, 2026. Attendance of Members: Sl. No. Name of the Director/ Member Member of Committee since Position Number of Meetings of the Committee Number of shares held in the NBFC Held Attended 1 Mr. Manojumar N Nambiar April 29, 2014 Managing Director (Chairman) 12 12 Nil 2 Mr. Milind Ramchandra Nare May 16, 2016 Deputy Chief Executive Officer and Chief Financial Officer 12 10 10,000 3 Mr. Shailesh Kumar July 24, 2021 Chief Business Officer 12 9 Nil 4 Mr. Ranjan Das July 15, 2017 Chief Risk Officer 12 11 Nil 5 Ms. Sharoni Pal Feb 12, 2025 Head- Credit 12 11 Nil 9. Meeting of Independent Directors Schedule IV of the Companies Act, 2013 mandate that the independent directors of the Company shall hold at least one meeting in a year, without the attendance of non-independent directors and members of the Management. At such meetings, the independent directors discuss, among other matters, the performance of the Company and risks faced by it, the flow of information to the Board, competition, strategy, leadership strengths and weaknesses, governance, compliance, Board movements, human resource matters and performance of the non-independent members of the Board, including the Chairman. During the year, the independent directors met on May 23, 2025, August 12, 2025, November 12, 2025 and February 13, 2026 without the presence of the Management. Senior Management Personnel During the financial year under review, Mr. Shailesh Kumar was appointed as Chief Business Officer (CBO) of the Company with effect from May 23, 2025. Further Mr. Arvind Murarka was appointed as the Chief Information Officer (CIO) of the Company with effect from February 13, 2026. General Body Meetings Details of location and time, where last three Annual General Meetings held are given below: Financial Year Category Location Date Time 2024-2025 AGM It was held through Video Conferencing (‘VC’)/Other AudioVisual Means (‘OAVM’), deemed location is Westin Kolkata, Rajarhat, Plot No. CBD/2 Action Area II, Kolkata- 7000156 August 12, 2025 02:00 PM 2023-2024 AGM It was held through Video Conferencing (‘VC’)/Other AudioVisual Means (‘OAVM’), deemed location is Registered Office August 06, 2024 01:00 PM 2022-2023 AGM It was held through Video Conferencing (‘VC’)/Other AudioVisual Means (‘OAVM’), deemed location is Registered Office August 07, 2023 03:00 PM Extra Ordinary General Meetings were held on April 22, 2025 and March 25, 2026 through video conferencing/ other audio visual means, deemed location being the Registered Office of the Company, during the year and the following Special Resolutions were passed therein:
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