SOLAR INDUSTRIES INDIA LIMITED

Transcription

1 SOLAR INDUSTRIES INDIA LIMITED REGO.OFFICE : 11, ZADE LAYOUT, BHARAT NAGAR. NAGPUR , (M.S.) INDIA. PHONES: , , FAX : CIN : L74999MH 1995PLC solar@solargroup.com website : October, 2018 To, The Executive Listing Department National Stock Exchange oflndia Limited Mumbai: Trading Symbol: "SOLARINDS EQ" To, The Executive Listing Department Bombay Stock Exchange Limited Mumbai: Scrip Code: Sub: Quarterly Compliance Report on Corporate Governance for the Quarter and Half Year ended Ref: In terms of Regulation 27(2) (a) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, Dear Sir, With reference to above, Please find enclosed herewith, the Quarterly Compliance Report on Corporate Governance for the quarter and half year ended on of Solar Industries. India Limited. This is for your information and records. Thanking you. Yours Truly ndustries India Limited Khush oo Pasari Company Secretary & Compliance Officer

2 CORPORA TE GOVERNANCE REPORT 1. Name of the Listed Entity 2. Quarter ending Mis Solar Industries India Limited September 30, 2018 of Financial Year I. Composition of Board of s Title Name of the PAN" DIN Category Date of Tenure* No. of No. of Memberships No. of post of (Mr./ (Chairperson/ Executive/ Non Appointment ship in in Audit/ Chairperson in Ms) Executive/ Independent/ in the current Listed Entities Stakeholder Audit/ Stakeholder Nomineej'' term/ including this Committee (s) Committee held in Cessation Listed Entity including this Listed Listed Entities (Refer Entity including this Regulation (Refer Regulation listed entity (Ref er 25(1) of 26(1) of Listing Regulation 26(1) Listing of Listing Mr. Satyanarayan Nuwal AAUPN0199B Chairman and Executive N.A Mr. Kailashchandra Nuwal@ AAUPN0201E Vice Chairman and Executive N.A Mr. Manish Nuwal AAZPN3399J Managing and CEO N.A Mr. Suresh Menon ADJPM4726D Executive N.A Mr. Anil Kumar Jain ADKPJ4921A Executive N.A

3 I. Composition of Board of s Title Name of the PAW DIN Category Date of Tenure* No. of No. of Memberships No. of post of (Mr.I (Chairperson/ Executive/ Non Appointment ship in in Audit/ Chairperson in Ms) Executive/Independent/ in the current Listed Entities Stakeholder Audit/ Stakeholder Nominee)& term/ including this Committee (s) Committee held in Cessation Listed Entity including this Listed Listed Entities (Refer Entity including this Regulation (Refer Regulation listed entity (Ref er 25(1)of 26(1) of Listing Regulation 26(1) Listing of Listing Mr. Anant Sagar Awasthi" AAEPA2008C NonExecutive Independent Years Mr. Dilip Patel AACPP8236D NonExecutive Independent Years Mr. Ajai Nigam ACIPN8290R NonExecutive Independent Years Mr. Amendra Verma AANPV8215D NonExecutive Independent Years Mrs. Madhu Vij AADPV0710A NonExecutive Independent Years ~PAN number of any director would not be displayed on the website of Stock Exchange. &Category of directors means executive /nonexecutive /independent /nominee. If a director fits into more than one category, write all categories separating them with hyphen. 're be filled only for Independent. Tenure would mean total period from which Independent director is serving on Board of s of the listed entity in continuity without any cooling off period. NOTE: The number of posts of Chairperson /members in Audit and Stakeholder Committee includes the post of Chairperson/ membership in listed as well as unlisted Public Companies as per Regulation 26(1) of Listing Mr.Kailashchandra Nuwal has step down from the membership of Stakeholders Relationship Committee effective from 30th July, "Mr. Anant Sagar Awasthi has step down from the Chairmanship of Stakeholders Relationship Committee effective from 30th July,

4 II. Composition of Committee Name of Committee Name of Committee Members Category (Chairperson / Executive/ NonExecutive/ Independent/Nominee) 1. Mr. Ajai Nigam Chairman (Independent ) 2. Mr. Dilip Patel 1. Audit Committee Non Executive Independent 3. Mr. Amendra Verma Non Executive Independent 4. Mr. Manish Nuwal Executive Managing and CEO 5. Mrs. Madhu Vij Non Executive Independent A ~ ~,. ~,. :.P,. " ~,.,..r:;,7.,[ ;,,, 1. Mr. Anant Sagar Awasthi 2. Chairman (Independent ) Nomination and Remuneration Committee 2. Mr. Dilip Patel Non Executive Independent 3. Mr. Ajai Nigam 'j"s,(" ~~ '.S.,, Non Executive Independent " ~ r;.,. 'ii' ~.. 1. Mr. Amendra Verma 3. Chairman (Independent ) Stakeholders Relationship Committee 2. Mr. Manish Nuwal Managing and CEO. 3. Mr. Anil Kumar Jain., Executive. :;,, " 'I.,,. " " ', 4. Risk Management Committee '. " Not Applicable ~ ' ' ' 111 Meeting of Board of s Date(s) of Meeting (If any ) in the Previous Date(s) of Meeting (If any ) in the Relevant Quarter Quarter Maximum gap between any two consecutive (in number of days) May 11, 2018 July 30, Days IV Meeting of Committees Type of Meetings Date(s) of Meeting of the Whether requirement of Date(s) of Meeting of the Maximum gap between any two consecutive Committee in the relevant quorum met (details) Committee in the Previous meetings in number of days* quarter quarter Audit Committee July 30,2018 May 11, 2018,. 79 Days ~,..,:. ' ~. Stakeholders Relationship Committee July 30,2018 ~.. ~ May 11, Days.r ~)'.,.,,. Ill,,.. <c'" =, C,;;.,./.,., *This information has to be mandatorily be given for Audit Committee, for rest of the committees giving this information is optional. r:,t;,c}~\t:;~ /'I~. I 1!Ii1}1 ~ ~ is'. ~ \ * 3

5 V Related Party Transactions Subject Compliance Status (/No/N.A.) xerer NO(e oe,ow Whether prior approval of Audit Committee obtained Whether shareholder approval obtained for material RPT N.A. Whether Details of RPT entered into pursuant to omnibus approval have been reviewed by Audit Committee Note 1. In the column "Compliance Status", compliance or noncompliance may be indicated by /No/N.A. For Example, if the Board has been composed in accordance with the requirements of Listing Regulations, "" may be indicated, similarly, in case the Listed Entity has no related party transactions, the words "N.A." may be indicated. 2. If status is "No" details of noncompliance may be given here. VI Affirmations Sr.No. Subject Compliance Status 1. The composition of Board of s is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, The composition of the following committees is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, a. Audit Committee b. Nomination and Remuneration Committee C. Stakeholders Relationship Committee d. Risk Management Committee (applicable to top 100 listed entities) N.A. 3. The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulation, The 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) Regulation, This report and/or the report submitted in the previous quarter, has been placed before Board of s. Note: Information at Table I & Table II above to be necessarily given in the 1st Quarter of each financial year. However if there is no change of information in subsequent Quarter(s) of that financial year, this information may not be given by Listed entity and instead a statement "same as previous quarter" may be given. ustries India Limited Pasari Company Secretary & Complian e Officer 4