General information about company

Scrip code538923
Name of the entitySOFCOM SYSTEMS LIMITED
Date of start of financial year01-04-2016
Date of end of financial year31-03-2017
Reporting QuarterHalf Yearly
Date of Report30-09-2016
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 explanatory
Is there any change in information of board of directors compare to previous quarterYes
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
1MrKISHORE MEHTAAEOPM4918H00043865Executive DirectorChairpersonMD09-06-1995100Textual Information(1)
2MrsASHA MEHTAAEOPM4917J00043841Non-Executive - Non Independent DirectorNot ApplicableShareholder Director19-03-2014100Textual Information(2)
3MrARNAB BANERJEEADPPB7486H00858108Non-Executive - Independent DirectorNot Applicable26-03-1999198120Textual Information(3)
4MrNAWRATAN MALL MEHTAADUPM4103B00858126Non-Executive - Non Independent DirectorNot Applicable15-09-2008100Textual Information(4)



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
5MrKRISHNANAND PARMANAND PANTAJSPP1357Q06844490Non-Executive - Independent DirectorNot Applicable19-03-201430122Textual Information(5)
6MrSANJAY KUMAR VERMAABLPV4193P06844513Non-Executive - Independent DirectorNot Applicable19-03-201430120Textual Information(6)



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Textual Information(1)
Mr. Kishore Mehta appointed as Director on 09-06-1995 and became Managing Director of the Company on 19-03-2014.
Textual Information(2)
Mrs. Asha Mehta was appointed on 19-03-2014 as Non-Independent Director cum Non Executive Director and also a  shareholder of the Company.
Textual Information(3)
Mr. Arnab Banerjee appointed as Independent Director cum Non- Executive Director on 26-03-1999 and also a member in Audit Committee and  a member in Stakeholder Relationship Committee.
Textual Information(4)
Mr. NAWRATAN MALL MEHTA act as a Non-Independent cum Non Executive Director of the Company appointed on 15-09-2008. 
Textual Information(5)
Mr. KRISHNANAND PARMANAND PANT act as a Independent Director Cum Non- Executive Director of the Company appointed on 19-03-2014 and also a member in Audit Committee and Stakeholder Relationship Committee.
Textual Information(6)
Mr. SANJAY KUMAR VERMA act as a Independent Director Cum Non- Executive Director of the Company appointed on 19-03-2014 and  a member in Audit Committee and a member in  Stakeholder Relationship Committee



Annexure 1

II. Composition of Committees

Disclosure of notes on composition of committees explanatory
Is there any change in information of committees compare to previous quarterYes
SrName Of CommitteeName of Committee membersCategory 1 of directorsCategory 2 of directorsName of other committee
1Audit CommitteeMr. Krishnanand Parmanand PantNon-Executive - Independent DirectorChairperson
2Audit Committee Mr. Sanjay Kumar VermaNon-Executive - Independent DirectorMember
3Audit CommitteeMr. Arnab BanerjeeNon-Executive - Independent DirectorMember
4Nomination and remuneration committeeMr. Krishnanand Parmanand PantNon-Executive - Independent DirectorChairperson
5Nomination and remuneration committee Mr. Sanjay Kumar VermaNon-Executive - Independent DirectorMember
6Nomination and remuneration committeeMr. Arnab BanerjeeNon-Executive - Independent DirectorMember
7Stakeholders Relationship CommitteeMr. Krishnanand Parmanand PantNon-Executive - Independent DirectorChairperson
8Stakeholders Relationship Committee Mr. Sanjay Kumar VermaNon-Executive - Independent DirectorMember
9Stakeholders Relationship CommitteeMr. Arnab BanerjeeNon-Executive - Independent DirectorMember



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)
128-05-2016
217-06-201619
322-07-201634
401-08-20169
508-08-20166



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Textual Information(1)
Meetings of Board of Directors as Follows:-
1. First Meeting in the Current Quarter i.e July to September, 2016 was held on 22-07-2016 and last meeting in the Last Quarter was held on 17-06-2016 (time gap between these two consecutive meetings was 34 Days).
2. Second Meeting in the Current Quarter was held on 01-08-2016 relating to approval of Balance sheet (time gap between these two consecutive meetings was 09 Days).
3. Third Meeting in the Current Quarter was held on 08-08-2016 relating to approval of listing agreement(time gap between these two consecutive meetings was 06 Days).




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 met (details)Date(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 Committee08-08-2016YesAll Members were present29-05-201670
2Nomination and remuneration committee22-07-2016YesAll Members were present17-06-201634



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Textual Information(1)

The composition of the committees is as follows:

 

(I)              Audit Committee:

 

                                   Composition                                                  Category of Director

 

(1)     Krishnanand Parmanand Pant (Chairman)                  Non-Executive Independent

(2)     Sanjay Kumar Verma (Member)                                 Non-Executive Independent

(3)     Arnab Banerjee (Member)                                           Non-Executive Independent

                                               

(II)           Shareholders Grievance Committee:

 

                                    Composition                                                    Category of Director

 

(1)  Krishnanand Parmanand Pant (Chairman)                  Non-Executive Independent Director

(2)  Sanjay Kumar Verma (Member)                                 Non-Executive Independent Director

(3)  Arnab Banerjee (Member)                                           Non-Executive Independent Director

 

 

(III)        Remuneration Committee:

 

                                       Composition                                       Category of Director

 

(1)  Krishnanand Parmanand Pant (Chairman)                    Independent Director

(2)  Sanjay Kumar Verma (Member)                                   Independent Director

  Arnab Banerjee (Member)                                             Independent Director




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 RPTYes
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)



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Textual Information(1)

Abok Spring Pvt. Ltd

1-Apr-2016 to 30-Sep-2016

Date                   Particulars                                                   

 

2-4-2016      Kotak Mahindra Bank      Receipt                  60,000.00
23-5-2016   State Bank of India                   Receipt             12,27,852.00
23-6-2016     State Bank of India                Receipt                6,00,000.00
30-6-2016     State Bank of India                Receipt                1,00,000.00
Incometax Deducted at Source        Journal                  5,719.00
7-7-2016       Incometax Deducted at Source   Journal    1,500.00
8-7-2016      Kotak Mahindra Bank     Receipt               2,00,000.00
21-9-2016    State Bank of India          Receipt              4,50,000.00
23-9-2016    State Bank of India          Receipt             6,50,000.00

                                                                            32,95,071.00

 

Kishore Mehta

1-Apr-2016 to 30-Sep-2016

Date                               Particulars

7-5-2016     Incometax Deducted at Source     Journal       1,523.00

23-5-2016   State Bank of India                    Payment            95,000.00

30-6-2016   Office Rent                Journal                                    30,000.00

11-8-2016  State Bank of India  Receipt                                    6,00,000.00

                                                                                   




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)



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Textual Information(1)
No Comment/Advice/ Observations has been received from Board of Directors.



Annexure III

Annexure III to be submitted by listed entity at the end of 6 months after end of financial year along-with second quarter report of next financial year

I. Affirmations

SrBroad headingRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
1Copy of the annual report including balance sheet, profit and loss account, directors report, corporate governance report, business responsibility report displayed on website46(2)Yes
2Presence of Chairperson of Audit Committee at the Annual General Meeting18(1)(d)Yes
3Presence of Chairperson of the nomination and remuneration committee at the annual general meeting19(3)Yes
4Whether “Corporate Governance Report” disclosed in Annual Report34(3) read with para C of Schedule VYes
Any other information to be providedTextual Information(1)

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Textual Information(1)
Annexure III to be submitted by listed entity at the end of 6 months after end of financial year along-with second quarter report of next financial does not fall within the quarter ( 01-04-2016 to 30-06-2016 ).

As a result report yet to submitted.



Signatory Details

Name of signatoryAnshu Kanoongo
Designation of personCompany Secretary
PlaceJAIPUR
Date12-10-2016