MSEI Symbol

Scrip code538923
NSE Symbol
MSEI Symbol
ISININE499Q01012
Name of the entitySOFCOM SYSTEMS LIMITED
Date of start of financial year01-04-2018
Date of end of financial year31-03-2019
Reporting QuarterQuarterly
Date of Report30-06-2018
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 explanatoryTextual Information(1)
Is there any change in information of board of directors compare to previous quarter
SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directorsDate of appointment in the current term Date of cessationTenure 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
1MrKISHORE MEHTAAEOPM4918H00043865Executive DirectorChairpersonMD28-09-2017100
2MrsASHA MEHTAAEOPM4917J00043841Non-Executive - Non Independent DirectorNot Applicable24-09-2014100
3MrNAWRATAN MALL MEHTAADUPM4103B00858126Non-Executive - Non Independent DirectorNot Applicable15-09-2008100
4MrARNAB BANERJEEADPPB7486H00858108Non-Executive - Independent DirectorNot Applicable26-03-1999231120



Annexure I

Annexure I to be submitted by listed entity on quarterly basis

I. Composition of Board of Directors

SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directorsDate of appointment in the current term Date of cessationTenure 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
5MrKRISHNANAND PANTAJSPP1357Q06844490Non-Executive - Independent DirectorNot Applicable24-09-201445122
6MrSANJAY KUMAR VERMAABLPV4193P06844513Non-Executive - Independent DirectorNot Applicable24-09-201445120



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Textual Information(1)

Directors

Designation

Mr. Kishore Mehta

Managing Director

Mr. Arnab Banerjee

Non Executive Independent Director

Mr. Nawrattan Mall Mehta

Non Executive Director

Mrs. Asha Mehta

Non Executive Director

Mr. Krishnanand Pant

Non Executive Independent Director

Mr. Sanjay Kumar Verma

Non Executive Independent Director




Annexure 1

II. Composition of Committees

Disclosure of notes on composition of committees explanatoryTextual Information(1)
Is there any change in information of committees compare to previous quarter

Annexure 1 Text Block

Textual Information(1)

Committee

Director Name

Designation

 

Audit Committee

 

Mr. Krishnanand Pant

Chairman

 

Mr. Sanjay Kumar Verma

Member

 

Mr. Arnab Banerjee

Member

Nomination and Remuneration Committee

 

Mr. Krishnanand Pant

Chairman

 

Mr. Sanjay Kumar Verma

Member

 

Mr. Arnab Banerjee

Member

Stakeholders relationship Committee

 

Mr. Krishnanand Pant

Chairman

 

Mr. Sanjay Kumar Verma

Member

 

Mr. Arnab Banerjee

Member



Audit Committee Details

SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsRemarks
106844490Krishnanand PantNon-Executive - Independent DirectorChairperson
206844513Sanjay Kumar VermaNon-Executive - Independent DirectorMember
300858108Arnab BanerjeeNon-Executive - Independent DirectorMember


Nomination and remuneration committee

SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsRemarks
106844490Krishnanand PantNon-Executive - Independent DirectorChairperson
206844513Sanjay Kumar VermaNon-Executive - Independent DirectorMember
300858108Arnab BanerjeeNon-Executive - Independent DirectorMember


Stakeholders Relationship Committee

SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsRemarks
106844490Krishnanand PantNon-Executive - Independent DirectorChairperson
206844513Sanjay Kumar VermaNon-Executive - Independent DirectorMember
300858108Arnab BanerjeeNon-Executive - Independent DirectorMember


Risk Management Committee

SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsRemarks


Corporate Social Responsibility Committee

SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsRemarks


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 explanatoryTextual Information(1)
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)
113-02-2018
230-04-201875
329-05-201828



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Textual Information(1)

The Board at its meeting on 13th  February, 2018, has considered the below mentioned business:

a)      Confirm and approve the minutes of the previous meeting of Audit Committee

b)      Confirm and approve the minutes of the previous meeting of Board of Directors

c)      Approve the Standalone Unaudited financial results for the quarter ended 31st December, 2017  along with the limited review report of the auditors

d)      Take note of Corporate Governance Report for the quarter ended 31st December, 2017

e)       Take note of Shareholding patter as per Regulation 31 for the  quarter ended 31st December, 2017.

 

The Board at its meeting on 30th  April, 2018, has considered the below mentioned business:

a)       Confirm and approve the minutes of the previous meeting of Audit Committee

b)      Confirm and approve the minutes of the previous meeting of Board of Directors

c)       Appointment of M/s. M. Vashisht & Co. as Statutory Auditors to fill the casual vacancy  caused due to the resignation of M/s. R. Mohnot & Co. LLP.

 

 

The Board at its meeting on 29th  May, 2018, has considered the below mentioned business:

a)      Confirm and approve the minutes of the previous meeting of Audit Committee

b)      Confirm and approve the minutes of the previous meeting of Board of Directors

c)       Take Note of the disclosure of interest by all the directors as per Section 184 Companies Act, 2013.

d)       Take note of disqualification of directors as per Section 164 of Companies Act, 2013.

e)      Approve the Standalone audited financial results for the quarter and the year ended 31st March, 2018 along with report of the auditors.

 In all the meetings, quorum was duly met.




Annexure 1

IV. Meeting of Committees

Disclosure of notes on meeting of committees explanatory Textual Information(1)
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 committee
1Audit Committee30-04-2018Yes313-02-201875
2Audit Committee29-05-2018Yes313-02-2018104



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Textual Information(1)

Audit Committee meeting was held on 13-02-2018 for considering the below mentioned business :

Approve the standalone unaudited financial results for the quarter ended on 31st December, 2017 along with the limited review report

Audit Committee meeting was held on 30-04-2018 for considering the below mentioned business :

Recommend to the Board for appointment of M/s M. Vashisht & Co. as Statutory Auditors to fill the casual vacancy  caused due to the resignation of M/s. R. Mohnot & Co. LLP and other terms and conditions.

Audit Committee meeting was held on 29-05-2018 for considering the below mentioned business :

Approve the Standalone audited financial results for the quarter and the year ended on 31st March, 2018 along with the report of auditors.




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 obtainedYes
2Whether shareholder approval obtained for material RPTNA
3Whether details of RPT entered into pursuant to omnibus approval have been reviewed by Audit CommitteeYes
Disclosure of notes on related party transactions Textual Information(1)
Disclosure of notes of material transaction with related partyTextual Information(2)


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Textual Information(1)

Details of Related Party Transactions during the Quarter 01-04-2018 to 30-06-2018:

Abok Springs Pvt Ltd.(Associate Company)

17-04-2018      By Kotak Mahindra Bank                             Receipt       Rs. 75000

25-06-2018      By State Bank of India 34355292452             Receipt       Rs. 17,00,000

30-06-2018       By Kotak Mahindra Bank                            Receipt        Rs. 1512730

 

Kishore Mehta (Director)

24-04-2018     By late fees                                                                Rs. 6600

28-04-2018    By Income Tax Deducted at source                             Rs 7150

28-04-2018    By Income Tax Deducted at source                             Rs 7054

26-06-2018      By State Bank of India 34355292452 Receipt             Rs. 3500

30-06-2018     By office rent                                                            Rs. 30000

Textual Information(2)

Details of Related Party Transactions during the Quarter 01-04-2018 to 30-06-2018:

Abok Springs Pvt Ltd.(Associate Company)

17-04-2018      By Kotak Mahindra Bank                             Receipt       Rs. 75000

25-06-2018      By State Bank of India 34355292452             Receipt       Rs. 17,00,000

30-06-2018       By Kotak Mahindra Bank                            Receipt        Rs. 1512730

 

Kishore Mehta (Director)

24-04-2018     By late fees                                                                Rs. 6600

28-04-2018    By Income Tax Deducted at source                             Rs 7150

28-04-2018    By Income Tax Deducted at source                             Rs 7054

26-06-2018      By State Bank of India 34355292452 Receipt             Rs. 3500

30-06-2018     By office rent                                                            Rs. 30000




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

Annexure 1

SrSubjectCompliance status
1Name of signatoryANSHU KANOONGO
2DesignationCompany Secretary



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Textual Information(1)
No comments or observations are mentioned by Board of Directors



Signatory Details

Name of signatoryANSHU KANOONGO
Designation of personCompany Secretary
PlaceJAIPUR
Date10-07-2018