Corporate Governance Report- 31.03.2023 | |
General information about company | |
Scrip code | 523610 |
NSE Symbol | ITI |
MSEI Symbol | NOTLISTED |
ISIN | INE248A01017 |
Name of the entity | ITI Limited |
Date of start of financial year | 01-04-2022 |
Date of end of financial year | 31-03-2023 |
Reporting Quarter | Yearly |
Date of Report | 31-03-2023 |
Risk management committee | Applicable |
Market Capitalisation as per immediate previous | Top 500 listed entities |
Financial Year |
Corporate Governance Report- 31.03.2023
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
Textual Information(1)
Whether the listed entity has a Regular | Yes | |||||||||||||||||||||||
Chairperson | ||||||||||||||||||||||||
Whether Chairperson is related to MD or CEO | Yes | Disqualification of Directors under section 164 of the | ||||||||||||||||||||||
Companies Act, 2013 | ||||||||||||||||||||||||
No of post | ||||||||||||||||||||||||
of | ||||||||||||||||||||||||
No of | Number of | Chairperson | ||||||||||||||||||||||
in Audit/ | ||||||||||||||||||||||||
No of | Independent | |||||||||||||||||||||||
memberships | Stakeholder | |||||||||||||||||||||||
Directorship | Directorship | |||||||||||||||||||||||
Whether | in Audit/ | Committee | ||||||||||||||||||||||
in listed | in listed | |||||||||||||||||||||||
special | Stakeholder | held in | ||||||||||||||||||||||
Tenure | entities | entities | ||||||||||||||||||||||
Title | resolution | Date of | Committee(s) | listed | Notes for | Notes for | ||||||||||||||||||
Category | Whether the | Initial Date | of | including | including | |||||||||||||||||||
(Mr | Name of the | Category 2 | Category | Date of | Start Date of | End Date of | Details of | Current | passed? | passing | Date of | Date of | including this | entities | not | not | ||||||||
DIN | 1 of | director is | of | director | this listed | this listed | ||||||||||||||||||
/ | Director | of directors | 3 of directors | Birth | disqualification | disqualification | disqualification | status | [Refer Reg. | special | Reappointment | cessation | listed entity | including | providing | providing | ||||||||
directors | disqualified? | appointment | (in | entity (Refer | entity | |||||||||||||||||||
Ms) | 17(1A) of | resolution | months) | Regulation | (Refer | (Refer | this listed | PAN | DIN | |||||||||||||||
Listing | Regulation | entity (Refer | ||||||||||||||||||||||
17A of | Regulation | |||||||||||||||||||||||
Regulations] | 26(1) of | Regulation | ||||||||||||||||||||||
Listing | 17A(1) of | |||||||||||||||||||||||
Listing | 26(1) of | |||||||||||||||||||||||
Regulations) | Listing | |||||||||||||||||||||||
Regulations) | Listing | |||||||||||||||||||||||
Regulations | ||||||||||||||||||||||||
Regulations) | ||||||||||||||||||||||||
09- | ||||||||||||||||||||||||
Mr | Rajesh | 10052045 | Executive | Chairperson | MD | 041972 | No | Active | NA | 21-02-2023 | 1 | 0 | 0 | 0 | ||||||||||
Rai | Director | |||||||||||||||||||||||
Rakesh | 23- | |||||||||||||||||||||||
Mr | Chandra Tiwari | 08953397 | Executive | Not | MD | 111963 | No | Active | NA | 07-01-2021 | 1 | 0 | 2 | 0 | ||||||||||
Director | Applicable | |||||||||||||||||||||||
10- | ||||||||||||||||||||||||
Mr | Rajeev | 08921307 | Executive | Not | 011968 | No | Active | NA | 15-10-2020 | 1 | 0 | 1 | 0 | |||||||||||
Srivastava | Director | Applicable | ||||||||||||||||||||||
14- | ||||||||||||||||||||||||
Mrs | R | 10059129 | Executive | Not | 041968 | No | Active | NA | 28-02-2023 | 1 | 0 | 0 | 0 | |||||||||||
Vasanthi | Director | Applicable | ||||||||||||||||||||||
Corporate Governance Report- 31.03.2023
No of | No of post | ||||||||||||||||||||||||||
Independ | of | ||||||||||||||||||||||||||
ent | Chairperson | ||||||||||||||||||||||||||
Directors | Number of | in Audit/ | |||||||||||||||||||||||||
No of | hip in | Stakeholde | |||||||||||||||||||||||||
memberships | |||||||||||||||||||||||||||
Directorship | listed | r | |||||||||||||||||||||||||
Whether | in Audit/ | ||||||||||||||||||||||||||
Tenure | in listed | entities | Committee | ||||||||||||||||||||||||
special | Stakeholder | ||||||||||||||||||||||||||
Titl | Date of | of | entities | including | held in | ||||||||||||||||||||||
resolution | Committee(s) | Notes for | Notes for | ||||||||||||||||||||||||
e | Category | Category | Whether the | passing | Initial Date | directo | including | this | listed | ||||||||||||||||||
Name of the | DIN | Category 1 | Date of | Start Date of | End Date of | Details of | Current | passed? | Date of | Date of | including this | not | not | ||||||||||||||
(Mr | Director | of directors | 2 of | 3 of | Birth | director is | disqualification | disqualification | disqualification | status | [Refer Reg. | special | of | Reappointment | cessation | r | this listed | listed | listed entity | entities | providing | providing | |||||
/ | directors | directors | disqualified? | resolutio | appointment | (in | entity (Refer | entity | including | ||||||||||||||||||
Ms) | 17(1A) of | n | months | Regulation | (Refer | (Refer | this listed | PAN | DIN | ||||||||||||||||||
Listing | Regulation | ||||||||||||||||||||||||||
) | 17A of | Regulati | entity | ||||||||||||||||||||||||
Regulations] | 26(1) of | ||||||||||||||||||||||||||
Listing | on | (Refer | |||||||||||||||||||||||||
Listing | |||||||||||||||||||||||||||
Regulations) | 17A(1) | Regulation | |||||||||||||||||||||||||
Regulations) | |||||||||||||||||||||||||||
of | 26(1) of | ||||||||||||||||||||||||||
Listing | Listing | ||||||||||||||||||||||||||
Regulatio | Regulation | ||||||||||||||||||||||||||
ns | s) | ||||||||||||||||||||||||||
15- | |||||||||||||||||||||||||||
Mrs | S Jeyanthi | 10059174 | Executive | Not | 061966 | No | Active | NA | 28-02-2023 | 1 | 0 | 0 | 0 | ||||||||||||||
Director | Applicable | ||||||||||||||||||||||||||
Non- | |||||||||||||||||||||||||||
M | Executive - | Not | 28- | ||||||||||||||||||||||||
Mr | Unnikrishnan | 09826740 | Nominee | No | Active | NA | 16-12-2022 | 1 | 0 | 0 | 0 | ||||||||||||||||
Applicable | 051964 | ||||||||||||||||||||||||||
Nair | Director | ||||||||||||||||||||||||||
Non- | |||||||||||||||||||||||||||
Executive | Not | 25- | |||||||||||||||||||||||||
Mr | R Shakya | 09800172 | Nominee | No | Active | NA | 23-11-2022 | 1 | 0 | 0 | 0 | ||||||||||||||||
Applicable | 091966 | ||||||||||||||||||||||||||
Director | |||||||||||||||||||||||||||
Non- | |||||||||||||||||||||||||||
Executive | Not | 04- | |||||||||||||||||||||||||
Mr | Raja Nayak | 06451006 | Independent | No | Active | NA | 10-11-2021 | 17 | 1 | 1 | 2 | 1 | |||||||||||||||
Applicable | 091961 | ||||||||||||||||||||||||||
Director | |||||||||||||||||||||||||||
Non- | |||||||||||||||||||||||||||
Billeswar | Executive | Not | 05- | ||||||||||||||||||||||||
Mr | 09393543 | Independent | No | Active | NA | 10-11-2021 | 17 | 1 | 1 | 1 | 0 | ||||||||||||||||
Sinha | Applicable | 011980 | |||||||||||||||||||||||||
Director | |||||||||||||||||||||||||||
Non- | |||||||||||||||||||||||||||
Mamta | Executive | Not | 30- | ||||||||||||||||||||||||
Mrs | 07749007 | Independent | No | Active | NA | 10-11-2021 | 17 | 1 | 1 | 1 | 1 | ||||||||||||||||
Palariya | Applicable | 061962 | |||||||||||||||||||||||||
Director | |||||||||||||||||||||||||||
Corporate Governance Report- 31.03.2023
Text Block
Textual Information(1)
-
ITI Limited, being a Public Sector Undertaking, the Directors on the Board of
the Company areappointed by the Government of India. The composition of Board of Directors as on 31.03.2023, is not as per the provisions of SEBI Listing Regulations due to insufficient number of Independent Directors. However, the proposal for appointment of requisite number of Independent Director on the Board of the Company is under process with the Administrative Ministry. - Dt of Appt of Dr Raja Nayak, Shri Billeswar Sinha and Smt Mamta Palariya are effective from thedate of obtaining DIN and date of inclusion of name in the databank of Independent Directors.
- Dt of Appt of Shri Rajesh Rai, Lt Gen M Unnikrishnan Nair and Shri R Shakya is effective from thedate of obtaining DIN.
- Shri Rakesh Chandra Tiwari was entrusted with Addl Charge of Chairman and Managing Directorfrom 01.10.2022 till 20.02.2023.
Corporate Governance Report- 31.03.2023
Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr | DIN | Name of Committee | Category 1 of | Category 2 of | Date of | Date of | Remarks |
Number | members | directors | directors | Appointment | Cessation | ||
1 | 07749007 | Mamta Palariya | Non-Executive - | Chairperson | 12-11-2021 | ||
Independent Director | |||||||
2 | 08953397 | Rakesh Chandra Tiwari | Executive Director | Member | 03-08-2021 | ||
3 | 06451006 | Raja Nayak | Non-Executive - | Member | 12-11-2021 | ||
Independent Director | |||||||
4 | 09393543 | Billeswar Sinha | Non-Executive - | Member | 12-11-2021 | ||
Independent Director | |||||||
Nomination and remuneration committee | |||||||
Whether the Nomination and remuneration committee has a Regular Chairperson | Yes | ||||||
DIN | Name of | Category 2 of | Date of | Date of | |||
Sr | Number | Committee | Category 1 of directors | directors | Appointment | Cessation | Remarks |
members | |||||||
1 | 09393543 | Billeswar Sinha | Non-Executive - | Chairperson | 06-12-2021 | ||
Independent Director | |||||||
2 | 07749007 | Mamta Palariya | Non-Executive - | Member | 06-12-2021 | ||
Independent Director | |||||||
3 | 06451006 | Raja Nayak | Non-Executive - | Member | 12-10-2022 | ||
Independent Director | |||||||
4 | 09800172 | R Shakya | Non-Executive - | Member | 23-11-2022 | ||
Nominee Director | |||||||
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ITI Ltd. published this content on 29 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2023 07:37:07 UTC.