General information about company

Scrip code538923
Name of the entitySOFCOM SYSTEMS LIMITED
Date of start of financial year01-04-2017
Date of end of financial year31-03-2018
Reporting QuarterHalf Yearly
Date of Report30-09-2017
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 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 DirectorChairpersonMD28-09-2017100Textual Information(2)
2MrsASHA MEHTAAEOPM4917J00043841Non-Executive - Non Independent DirectorNot Applicable24-09-2014100Textual Information(3)
3MrNAWRATAN MALL MEHTAADUPM4103B00858126Non-Executive - Non Independent DirectorNot Applicable15-09-2008100Textual Information(4)
4Mr ARNAB BANERJEEADPPB7486H00858108Non-Executive - Independent DirectorNot Applicable26-03-1999222120Textual Information(5)



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 PANTAJSPP1357Q06844490Non-Executive - Independent DirectorNot Applicable24-09-201436122Textual Information(6)
6MrSANJAY KUMAR VERMAABLPV4193P06844513Non-Executive - Independent DirectorNot Applicable24-09-201436120Textual Information(7)



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Textual Information(1)

BOARD OF DIRECTORS 

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

 

COMPANY SECRETARY & CHIEF FINANCIAL OFFICER 

Name

Designation

Mr. Anshu Kanoongo

Company Secretary / Compliance Officer

Mr. Hari Om Vijay

Chief Financial Officer

 

Textual Information(2)

 Mr. KISHORE MEHTA originally appointed as director on dated 09/06/1995 and redesignated as Managing Director on dated 28/09/2017.

Textual Information(3)

Mrs. ASHA MEHTA is a woman director &  Non Executive Director Non Independent Director.

Textual Information(4)

 Mr. NAWRATAN MALL MEHTA is Non Executive Director.

Textual Information(5)
   Mr. ARNAB BANERJEE is a Non Executive Independent Director & member of the Audit Committee and Nomination and  Remuneration Committee & Shareholder / Investor Grievance Committee
Textual Information(6)
   Mr. KRISHNANAND PARMANAND PANT is a Non Executive Independent Director & member of the Audit Committee and Nomination and Remuneration Committee & Shareholder / Investor Grievance Committee.
Textual Information(7)
   Mr. KRISHNANAND PARMANAND PANT is a Non Executive Independent Director & member of the Audit Committee and Nomination and Remuneration Committee & Shareholder / Investor Grievance Committee.



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 quarterYes
SrName Of CommitteeName of Committee membersCategory 1 of directorsCategory 2 of directorsName of other committee
1Audit CommitteeMr. Krishnanand PantNon-Executive - Independent DirectorChairperson
2Audit CommitteeMr. Sanjay Kumar VermaNon-Executive - Independent DirectorMember
3Audit CommitteeMr. Arnab BanerjeeNon-Executive - Independent DirectorMember
4Nomination and remuneration committeeMr. Krishnanand PantNon-Executive - Independent DirectorChairperson
5Nomination and remuneration committeeMr. Sanjay Kumar VermaNon-Executive - Independent DirectorMember
6Nomination and remuneration committeeMr. Arnab BanerjeeNon-Executive - Independent DirectorMember
7Stakeholders Relationship CommitteeMr. Krishnanand Pant Non-Executive - Independent DirectorChairperson
8Stakeholders Relationship CommitteeMr. Sanjay Kumar VermaNon-Executive - Independent DirectorMember
9Stakeholders Relationship CommitteeMr. Arnab Banerjee Non-Executive - Independent DirectorMember



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Textual Information(1)

COMMITTEE OF DIRECTORS 

Committee

Director Name

Designation

Audit Committee

 

Mr. Krishnanand Pant

Chairman

 

Mr. Sanjay Kumar Verma

Member

 

Mr. Arnab Banerjee

Member

Remuneration Committee

 

Mr. Krishnanand Pant

Chairman

 

Mr. Sanjay Kumar Verma

Member

 

Mr. Arnab Banerjee

Member

Shareholder / Investor Grievance Committee

 

Mr. Krishnanand Pant

Chairman

 

Mr. Sanjay Kumar Verma

Member

 

Mr. Arnab Banerjee

Member




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)
129-05-2017
231-08-201793
314-09-201713



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Textual Information(1)

The Board at its meeting on 29th May, 2017, has considered the below mentioned business:

a) Approve and Confirm the previous Board Meeting Minutes

b) Consider and Approve the proceedings of Audit Committee

c) Confirm and Approve the minutes of previous meeting of Stakeholder Relationship, Audit committee and Nomination and Remunneration Committee

d) consider and Approval of Audited Financial Statements for the Year and Quarter ended on 31st March, 2017 alog with the auditor report and annexure A

e) consider and take on records the Corporate Governance Report for the quarter ended 31st March, 2017

f) Consider and take on records the Shareholding pattern for the quarter ended 31st March, 2017. amongst others

 

 

 

The Board at its meeting on 31st  August, 2017, has considered the below mentioned business:

a) Approve and Confirm the previous Board Meeting Minutes

b) Consider and Approve the proceedings of Audit Committee Nomination and Remunneration Committee

c) Confirm and Approve the minutes of previous meeting of , Audit committee and Nomination and Remunneration Committee

d). To approve the schedule of Annual general meeting

 

 

The Board at its meeting on 14th  September, 2017, has considered the below mentioned business:

a) Approve and Confirm the previous Board Meeting Minutes

b) Consider and Approve the proceedings of Audit Committee.

c) Confirm and Approve the minutes of previous meeting of, Audit committee

d) consider and Approval of unudited Financial Statements for the Quarter ended on 30th  June, 2017 along with the limited review report

e) consider and take on records the Corporate Governance Report for the quarter ended 30th  June, 2017

f) Consider and take on records the Shareholding pattern for the quarter ended 30th  June, 2017

 

In all the above meeting 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 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 Committee30-08-2017Yes327-05-201794
2Nomination and remuneration committee30-08-2017Yes3
3Audit Committee13-09-2017Yes327-05-2017108
4Stakeholders Relationship CommitteeYes07-04-2017



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Textual Information(1)

Audit Committee meeting was held on 30-08-2017

To recommend to the board the appointment of M/s R. MOHNOT & CO. LLP as statutory auditor of the company as statutory auditor

 

Audit Committee meeting was held on 13-09-2017

To approve the standalone unaudited financial results for the quarter ended on 30th June, 2017 along with the limited review report

 

Nomination and remuneration committee meeting held on 30th August, 2017

To recommend the board for reappointment of Mr Kishore Mehta (Din-00043865) as Managing Director and reappointment of Mr. Nawratan mall Mehta (Din-00858126), a director  retiring by rotation of the company




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)

Abok Springs Pvt Ltd.

 

Details of Related Party Transactions during the Quarter 1-07-2017 to 30-09-2017:

 

10-08-2017 By kotak Mahendra bank  Receipt of Rs. 7,000

12-09-2017 By kotak Mahendra bank  Receipt of Rs. 50,000

18-09-2017 By kotak Mahendra bank  Receipt of Rs 7,40,000

25-09-2017 By State Bank of India 34355292452 Receipt of Rs 8,32,000

28-9-2017   By State Bank of India 34355292452 Receipt of Rs. 1,000.

 

 

Kishore Mehta

 

Details of Related Party Transactions during the Quarter 1-07-2017 to 30-09-2017:

 

30-09-2017 By office Rent Rs 30,000

Textual Information(2)

Abok Springs Pvt Ltd.

 

Details of Related Party Transactions during the Quarter 1-07-2017 to 30-09-2017:

 

10-08-2017 By kotak Mahendra bank  Receipt of Rs. 7,000

12-09-2017 By kotak Mahendra bank  Receipt of Rs. 50,000

18-09-2017 By kotak Mahendra bank  Receipt of Rs 7,40,000

25-09-2017 By Stank Bank of India 34355292452 Receipt of Rs 8,32,000

28-9-2017   By Stank Bank of India 34355292452 Receipt of Rs. 1,000.

 

 

Kishore Mehta

 

Details of Related Party Transactions during the Quarter 1-07-2017 to 30-09-2017:

 

30-09-2017 By office Rent Rs 30,000




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 comments or observations are mentioned by 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



Signatory Details

Name of signatoryKISHORE MEHTA
Designation of personManaging Director
PlaceJaipur
Date09-10-2017