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)

  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.
  2. 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.
  3. Dt of Appt of Shri Rajesh Rai, Lt Gen M Unnikrishnan Nair and Shri R Shakya is effective from thedate of obtaining DIN.
  4. 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

Attachments

Disclaimer

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.