CG Report

 
General information about company
Scrip code519238
NSE Symbol
MSEI Symbol
ISININE233P01017
Name of the entitySaptarishi Agro Industries Limited
Date of start of financial year01-04-2018
Date of end of financial year31-03-2019
Reporting QuarterYearly
Date of Report31-03-2019
Risk management committeeNot Applicable
 
Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Wether the listed entity has a Regular ChairpersonYes
SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directorsDate of appointment in the current termDate of
cessation
Tenure of director (in months)No of Directorship in listed entities including this listed entity (Refer Regulation 25(1) of Listing Regulations)Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations)No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations)Notes for not providing PANNotes for not providing DIN
1MrKrunal Ravjibhai PatelAMCPP7911K02517567Executive DirectorChairperson related to Promoter02-08-2017110
2MrRushabh Ravjibhai PatelAULPP4748B02721107Executive DirectorNot ApplicableMD02-08-2017100
3MrRavjibhai Nagarbhai PatelAALPP3707C00310385Non-Executive – Non Independent DirectorNot Applicable02-08-2017100
4MrJanayash Nareshbhai DesaiAELPD4458E00387060Executive DirectorNot Applicable13-11-2017110
 
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directorsDate of appointment in the current termDate of
cessation
Tenure of director (in months)No of Directorship in listed entities including this listed entity (Refer Regulation 25(1) of Listing Regulations)Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations)No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations)Notes for not providing PANNotes for not providing DIN
5MrBangaru RamakrishnanAFTPR2356E00182214Non-Executive – Nominee DirectorNot Applicable30-07-2005330
6MrArvind Kumar KalraAAMPK0864C00577625Non-Executive – Non Independent DirectorNot Applicable29-08-2003100
7MrDivyakant Ramniklal ZaveriAABPZ5582H01382184Non-Executive – Independent DirectorNot Applicable11-02-201960353
8MrRajendra Prasad TewariAAEPT8126A02526495Non-Executive – Independent DirectorNot Applicable29-09-201460100
 
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directorsDate of appointment in the current termDate of
cessation
Tenure of director (in months)No of Directorship in listed entities including this listed entity (Refer Regulation 25(1) of Listing Regulations)Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations)No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations)Notes for not providing PANNotes for not providing DIN
9MrDevendrakumar Harilal PatelAGMPP2099L07684123Non-Executive – Independent DirectorNot Applicable28-09-201860110
10MrBipin Javanlal ParekhAAWPP0398Q07927616Non-Executive – Independent DirectorNot Applicable28-09-201860100
11MsVaibhavi Ashhish PatelEFNPP8126N08284892Non-Executive – Independent DirectorNot Applicable02-11-201860100
12MrRishi BhootraAENPB1701J08285440Non-Executive – Independent DirectorNot Applicable02-11-201860121

Audit Committee Details

Whether the Audit Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of AppointmentDate of CessationRemarks
101382184Divyakant Ramniklal ZaveriNon-Executive – Independent DirectorChairperson11-02-2019
200182214Bangaru RamakrishnanNon-Executive – Nominee DirectorMember30-07-2005
307684123Devendrakumar Harilal PatelNon-Executive – Independent DirectorMember28-09-2018
408285440Rishi BhootraNon-Executive – Independent DirectorMember02-11-2018
 
Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of AppointmentDate of CessationRemarks
107927616Bipin Javanlal ParekhNon-Executive – Independent DirectorChairperson28-09-2018
200182214Bangaru RamakrishnanNon-Executive – Nominee DirectorMember30-07-2005
301382184Divyakant Ramniklal ZaveriNon-Executive – Independent DirectorMember11-02-2019
400310385Ravjibhai Nagarbhai PatelNon-Executive – Non Independent DirectorMember02-08-2017
 
Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of AppointmentDate of CessationRemarks
108285440Rishi BhootraNon-Executive – Independent DirectorChairperson02-11-2018
202517567Krunal Ravjibhai PatelExecutive DirectorMember02-08-2017
300387060Janayash Nareshbhai DesaiExecutive DirectorMember13-11-2017
 
Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of AppointmentDate of CessationRemarks

Corporate Social Responsibility Committee

Whether the Corporate Social Responsibility Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of AppointmentDate of CessationRemarks

Other Committee

SrDIN NumberName of Committee membersName of other committeeCategory 1 of directorsCategory 2 of directorsRemarks
 
Annexure 1
Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
SrDate(s) of meeting (if any) in the previous quarterDate(s) of meeting (if any) in the current quarterMaximum gap between any two consecutive (in number of days)Notes for not providing Date
102-11-2018
211-02-2019100
 
Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
SrName of CommitteeDate(s) of meeting of the committee in the relevant quarterWhether requirement of Quorum met (Yes/No)Requirement of Quorum metDate(s) of meeting of the committee in the previous quarterMaximum gap between any two consecutive meetings (in number of days)Name of other committeeReson for not providing date
1Audit Committee11-02-2019Yes02-11-2018100
2Nomination and remuneration committee11-02-2019Yes02-11-2018100
 
Annexure 1
V. Related Party Transactions
SrSubjectCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
1Whether prior approval of audit committee obtainedNA
2Whether shareholder approval obtained for material RPTNA
3Whether details of RPT entered into pursuant to omnibus approval have been reviewed by Audit CommitteeNA
 
Annexure 1
VI. Affirmations
SrSubjectCompliance status (Yes/No)
1The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015Yes
2The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015
a. Audit Committee
Yes
3The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committeeYes
4The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committeeYes
5The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 100 listed entities)NA
6The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.Yes
7The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.Yes
8This report and/or the report submitted in the previous quarter has been placed before Board of Directors.Yes
 
Annexure 1
SrSubjectCompliance status
1Name of signatoryRushabh Ravjibhai Patel
2DesignationManaging Director
 
Annexure II
Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of Listing Regulations
SrItemCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.Web address
1Details of businessYeshttps://www.saptarishiagro.com/
2Terms and conditions of appointment of independent directorsYeshttps://www.saptarishiagro.com/
3Composition of various committees of board of directorsYeshttps://www.saptarishiagro.com/
4Code of conduct of board of directors and senior management personnelYeshttps://www.saptarishiagro.com/
5Details of establishment of vigil mechanism/ Whistle Blower policyNA
6Criteria of making payments to non-executive directorsNA
7Policy on dealing with related party transactionsNA
8Policy for determining ‘material’ subsidiariesNA
9Details of familiarization programmes imparted to independent directorsYeshttps://www.saptarishiagro.com/
 
Annexure II
Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of Listing Regulations
SrItemCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.Web address
10Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievancesYeshttps://www.saptarishiagro.com/contact/
11email address for grievance redressal and other relevant detailsYeshttps://www.saptarishiagro.com/contact/
12Financial resultsYeshttps://www.saptarishiagro.com/financial-reports/
13Shareholding patternYeshttps://www.saptarishiagro.com/shareholders-information/
14Details of agreements entered into with the media companies and/or their associatesNA
15New name and the old name of the listed entityNA
 
Annexure II
II. Annual Affirmations
SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
1Independent director(s) have been appointed in terms of specified criteria of ‘independence’ and/or ‘eligibility’16(1)(b) & 25(6)Yes
2Board composition17(1)Yes
3Meeting of Board of directors17(2)Yes
4Review of Compliance Reports17(3)Yes
5Plans for orderly succession for appointments17(4)NA
6Code of Conduct17(5)Yes
7Fees/compensation17(6)Yes
8Minimum Information17(7)Yes
9Compliance Certificate17(8)Yes
10Risk Assessment & Management17(9)NA
 
Annexure II
II. Annual Affirmations
SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
11Performance Evaluation of Independent Directors17(10)Yes
12Composition of Audit Committee18(1)Yes
13Meeting of Audit Committee18(2)Yes
14Composition of nomination & remuneration committee19(1) & (2)Yes
15Composition of Stakeholder Relationship Committee20(1) & (2)Yes
16Composition and role of risk management committee21(1),(2),(3),(4)NA
17Vigil Mechanism22NA
18Policy for related party Transaction23(1),(5),(6),(7) & (8)Yes
19Prior or Omnibus approval of Audit Committee for all related party transactions23(2), (3)Yes
20Approval for material related party transactions23(4)NA
 
Annexure II
II. Annual Affirmations
SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
21Composition of Board of Directors of unlisted material Subsidiary24(1)NA
22Other Corporate Governance requirements with respect to subsidiary of listed entity24(2),(3),(4),(5) & (6)NA
23Maximum Directorship & Tenure25(1) & (2)Yes
24Meeting of independent directors25(3) & (4)Yes
25Familiarization of independent directors25(7)Yes
26Memberships in Committees26(1)Yes
27Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel26(3)Yes
28Disclosure of Shareholding by Non-Executive Directors26(4)NA
29Policy with respect to Obligations of directors and senior management26(2) & 26(5)Yes
Any other information to be provided – Add Notes
 
Annexure II
1Name of signatoryRushabh Ravjibhai Patel
2DesignationManaging Director
 
Annexure II
III. Affirmations
SrParticularsCompliance status (Yes/No/NA)
1The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been compliedNA
Any other information to be provided
 
Annexure II
1Name of signatoryRushabh Ravjibhai Patel
2DesignationManaging Director
 
Signatory Details
Name of signatoryRushabh Ravjibhai Patel
Designation of personManaging Director
PlaceAhmedabad
Date11-04-2019

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