WAS ASSET RECONSTRUCTION CO. LTD. · 2016-07-13 · For Ojas Asset Reconstruction Company Limited...

WAS ASSET RECONSTRUCTION CO. LTD. 't;

•••:;ej Plaza ., Near NtAan Schooi, Marve Tr.` :o7 1 -4-47tr-“..)?1.90 •,;.'71.?.991,-)11985PICCL

Date: 13/07/2016

To,

Corporate Services

Bombay Stock Exchange Ltd.

Corporate Relationship Dept,

1st Floor, New Trading Ring,

Rotunda Building, P. J. Towers,

Dalai Street, Fort, Mumbai — 400 001

BSE Scrip Cg_de: 538607

Sub: Submission of Corporate Governance Report for the Quarter ended 30/06/2016

Dear Sir,

In terms of regulation 27(2) of the new listing obligation and disclosure regulation (i.e. LODR 2015),

we are enclosing herewith Corporate Governance Report in the prescribed format for the quarter

ended 30th June, 2016 for your reference and record.

Kindly acknowledge the receipt.

Thanking you,

Yours faithfully,

For Ojas Asset Reconstruction Company Limited

Shobhanbabu Mandulla

(Company Secretary)

13/07/2016 Report _ Corporate Governance_30.06.2016 _ Ojas.html

file://handfulpc/e/OJAS/Quarterly%20Compliance/corporate%20governance_xbrl/30.06.2016/Report%20_%20Corporate%20Governance_30.06.2016%20_%2… 1/10

General information about company

Scrip code 538607

Name of the entity Ojas Asset Reconstruction Company Ltd

Date of start of financial year 01042016

Date of end of financial year 31032017

Reporting Quarter Quarterly

Date of Report 30062016

Risk management committee Not 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

Is there any change in composition of board of directors compare to previous quarter

Sr

Title(Mr/

Ms)

Name of theDirector

PAN DIN Category 1of directors

Category2 of

directors

Category3 of

directors

Date ofappointment

in thecurrent term

Date ofcessation

Tenureof

director(in

months)

No ofDirectorshipin listedentitiesincludingthis listedentity

Number ofmembershipsin Audit/

StakeholderCommittee(s)including thislisted entity

No of postof

Chairpersonin Audit/

StakeholderCommitteeheld inlistedentitiesincludingthis listedentity

Notes

1 Mr MANAN SHAH ATFPS7405P 07491896

NonExecutive IndependentDirector

NotApplicable

28032016 3 1 2 0

2 Mr TEJAS HINGU ACHPH4308K 06936684 ExecutiveDirector

NotApplicable

22122014 1 2 0

3 Ms DIMPLERATHOD

BNZPR9360R 07278060 ExecutiveDirector

NotApplicable

13082015 1 0 0

4 Mr SHASHIKUMARJATWAL

ALMPJ4216E 06488424

NonExecutive IndependentDirector

NotApplicable

01112013 32 1 2 2



Annexure 1

II. Composition of Committees

Disclosure of notes on composition of committees explanatory

Is there any change in composition of committees compare to previous quarter

Sr Name Of Committee Name of Committeemembers Category 1 of directors Category 2 of

directorsName of othercommittee

1 Audit Committee MANAN SHAH NonExecutive IndependentDirector Member

2 Audit Committee SHASHIKUMARJATWAL

NonExecutive IndependentDirector Chairperson

3 Audit Committee TEJAS HINGU Executive Director Member

4 Stakeholders RelationshipCommittee MANAN SHAH NonExecutive Independent

Director Member

5 Stakeholders RelationshipCommittee

SHASHIKUMARJATWAL


6 Stakeholders RelationshipCommittee TEJAS HINGU Executive Director Member

7 Nomination and remunerationcommittee MANAN SHAH NonExecutive Non

Independent Director Member

8 Nomination and remunerationcommittee

SHASHIKUMARJATWAL


9 Nomination and remunerationcommittee TEJAS HINGU Executive Director Member



Annexure 1

Annexure 1

III. Meeting of Board of Directors

Disclosure of notes on meeting of board of directors explanatory

Sr Date(s) of meeting (if any) in theprevious quarter

Date(s) of meeting (if any) in thecurrent quarter

Maximum gap between any two consecutive (innumber of days)

1 04012016

2 13022016 39

3 28032016 43

4 12052016 44

5 30052016 17



Annexure 1

IV. Meeting of Committees

Disclosure of notes on meeting of committees explanatory

Sr Name ofCommittee

Date(s) of meeting ofthe committee in therelevant quarter

Whetherrequirement ofQuorum met(Yes/No)

Requirementof Quorummet (details)

Date(s) of meeting ofthe committee in theprevious quarter

Maximum gap between anytwo consecutive meetings (in

number of days)

1 AuditCommittee 27052016 Yes

All 3memberspresent

13022016 103



Annexure 1

V. Related Party Transactions

Sr Subject Compliance status(Yes/No/NA)

If status is “No” details of noncompliance may be given here.

1 Whether prior approval of audit committee obtained NA

2 Whether shareholder approval obtained for material RPT NA

3 Whether details of RPT entered into pursuant to omnibus approvalhave been reviewed by Audit Committee NA



Annexure 1

VI. Affirmations

Sr SubjectCompliancestatus(Yes/No)

1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements)Regulations, 2015 Yes

2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements)Regulations, 2015 a. Audit Committee Yes

3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements)Regulations, 2015. b. Nomination & remuneration committee No

4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements)Regulations, 2015. c. Stakeholders relationship committee Yes

5 The 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

6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI(Listing obligations and disclosure requirements) Regulations, 2015. Yes

7 The meetings of the board of directors and the above committees have been conducted in the manner as specifiedin SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes

8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes

9 Any comments/observations/advice of Board of Directors may be mentioned here: TextualInformation(1)



Text Block

Textual Information(1)

Note relating to the composition of the Nomination and Remuneration Committee: The Nominationand Remuneration Committee of the Company consists of two Non Executive Independent Directorsi.e. Mr. Manan Shah and Mr. Shashikumar Jatwal and Mr. Tejas Hingu, Executive Director. As thecompany consists of four directors on the Board which includes two executive and two nonexecutive directors. The committee is constituted as per the composition of Board. The committeesatisfies the criteria of 50% independent directors in the committee. The Company is in the processto appoint the Non Executive Director and will comply with the requirement of SEBI LODRRegulation, 2015 in terms of composition of Nomination and Remuneration Committee.



Signatory Details

Name of signatory SHOBHANBABU MANDULLA

Designation of person Compliance Officer

Place Mumbai

Date 11072016


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