General information about company

Scrip code513515
NSE Symbol
MSEI Symbol
ISININE329C01011
Name of the entity S. R. INDUSTRIES LIMITED
Date of start of financial year 01-04-2019
Date of end of financial year 31-03-2020
Reporting QuarterYearly
Date of Report31-03-2020
Risk management committeeNot Applicable
Market Capitalisation as per immediate previous Financial YearAny other



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)
Wether the listed entity has a Regular ChairpersonNo
Whether Chairperson is related to MD or CEONo
SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directors Date of BirthWhether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations]Date of passing special resolutionInitial Date of appointmentDate of Re-appointmentDate of cessationTenure of director (in months)No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations)No of Independent Directorship in listed entities including this listed entity (Refer Regulation 17A(1) of Listing RegulationsNumber 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
1MrAmit Mahajan 00038593AAJPM1254D00038593Executive DirectorNot Applicable16-09-1973NA19-05-199701-04-20192020
2MrRamesh Chander MahajanACPPM6667A00038661Executive DirectorNot ApplicableMD10-02-1944NA19-07-19891000
3MrAmit Mahajan 00038827ACPPM6633E00038827Executive DirectorNot Applicable04-02-1974NA01-09-200601-04-20191010
4MrUdit MayorAISPM9014A02425273Non-Executive - Independent DirectorNot Applicable22-09-1978NA14-08-201971111



I. Composition of Board of Directors

Disclosure of notes on composition of board of directors explanatory

Wether the listed entity has a Regular Chairperson

SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directors Date of BirthWhether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations]Date of passing special resolutionInitial Date of appointmentDate of Re-appointmentDate of cessationTenure of director (in months)No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations)No of Independent Directorship in listed entities including this listed entity (Refer Regulation 17A(1) of Listing RegulationsNumber 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
5MrsSeema MahajanAEBPM3788C06978146Non-Executive - Independent DirectorNot Applicable06-12-1967NA10-11-201409-11-2019641121



Text Block

Textual Information(1)

Mr. R. K. Bhandari, Chairman of the company resigned from the board of the company on 23.12.2020. Due to his resignation, the post of Chairman of the company is vacant and the company is in the process of appointing a new Independent Director and/or Chairman in his place.

Due to the lockdown imposed by the Government of India in the Covid-19 scenario, the company could not operate and hence could not appoint a new Director. The Company will appoint a new Director as soon as the company starts functioning and operates its business activities.




Annexure 1

II. Composition of Committees

Disclosure of notes on composition of committees explanatoryTextual Information(1)

Annexure 1 Text Block

Textual Information(1)

Mr. R. K. Bhandari, Chairman of the company resigned from the board of the company on 23.12.2020. Due to his resignation, the composition of the Nomination and Remuneration Committee has been affected.

The Company currently has only two Non-Executive Independent Directors. As per the requirements of the composition of the Nomination and Remuneration Committee as per the SEBI (LODR) Requirements, 2015 and the Companies Act, 2013, the committee shall comprise of at least three directors and all directors of the committee shall be non-executive directors. The Company is in the process of making efforts for meeting the requirements of the Nomination and Remuneration Committee. Due to the lockdown imposed by the Government of India in the Covid-19 scenario, the company could not operate and hence could not appoint a new Director. The Company will appoint a new Director as soon as the company starts functioning and operates its business activities.



Audit Committee Details

Whether the Audit Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
102425273Udit MayorNon-Executive - Independent DirectorChairperson14-08-2019
200038593Amit Mahajan 00038593Executive DirectorMember01-09-2006
306978146Seema MahajanNon-Executive - Independent DirectorMember10-11-2014


Nomination and remuneration committee

Whether the Nomination and remuneration committee has a Regular ChairpersonNo
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
102425273Udit MayorNon-Executive - Independent DirectorMember14-08-2019
206978146Seema MahajanNon-Executive - Independent DirectorChairperson10-11-2014


Stakeholders Relationship Committee

Whether the Stakeholders Relationship Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
106978146Seema MahajanNon-Executive - Independent DirectorChairperson10-11-2014
200038593Amit Mahajan 00038593Executive DirectorMember19-05-1997
300038827Amit Mahajan 00038827Executive DirectorMember01-09-2006


Risk Management Committee

Whether the Risk Management Committee has a Regular Chairperson
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks


Corporate Social Responsibility Committee

Whether the Corporate Social Responsibility Committee has a Regular ChairpersonNo
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks


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 explanatory
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)Notes for not providing DateWhether requirement of Quorum met (Yes/No)Number of Directors present*No. of Independent Directors attending the meeting*
114-11-2019Yes42
214-02-202091Yes42



Annexure 1

IV. Meeting of Committees

Disclosure of notes on meeting of committees explanatory
SrName of CommitteeDate(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order)Maximum gap between any two consecutive (in number of days)Name of other committeeReson for not providing dateWhether requirement of Quorum met (Yes/No)Number of Directors present*No. of Independent Directors attending the meeting*
1Audit Committee14-11-2019Yes21
2Audit Committee14-02-202091Yes32
3Stakeholders Relationship Committee14-11-2019Yes21
4Stakeholders Relationship Committee14-02-202091Yes21



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


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, 2015No
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 committeeNo
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 500 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 signatorySamandeep Kaur Arya
2DesignationCompany Secretary and Compliance Officer



Text Block

Textual Information(1)

COMPOSITION OF BOARD OF DIRECTORS

Mr. R. K. Bhandari, Chairman of the company resigned from the board of the company on 23.12.2020. Due to his resignation, the post of Chairman of the company is vacant and the company is in the process of appointing a new Independent Director and/or Chairman in his place.

Due to the lockdown imposed by the Government of India in the Covid-19 scenario, the company could not operate and hence could not appoint a new Director. The Company will appoint a new Director as soon as the company starts functioning and operates its business activities.

 

COMPOSITION OF NOMINATION AND REMUNERATION COMMITTEE

Mr. R. K. Bhandari, Chairman of the company resigned from the board of the company on 23.12.2020. Due to his resignation, the composition of the Nomination and Remuneration Committee has been affected.

The Company currently has only two Non-Executive Independent Directors. As per the requirements of the composition of the Nomination and Remuneration Committee as per the SEBI (LODR) Requirements, 2015 and the Companies Act, 2013, the committee shall comprise of at least three directors and all directors of the committee shall be non-executive directors. The Company is in the process of making efforts for meeting the requirements of the Nomination and Remuneration Committee. Due to the lockdown imposed by the Government of India in the Covid-19 scenario, the company could not operate and hence could not appoint a new Director. The Company will appoint a new Director as soon as the company starts functioning and operates its business activities.




Annexure II

Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)

I. Disclosure on website in terms of Listing Regulations

SrItemCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.Web address
1Details of businessYeswww.srfootwears.com
2Terms and conditions of appointment of independent directorsYeswww.srfootwears.com
3Composition of various committees of board of directorsYeswww.srfootwears.com
4Code of conduct of board of directors and senior management personnelYeswww.srfootwears.com
5Details of establishment of vigil mechanism/ Whistle Blower policyYeswww.srfootwears.com
6Criteria of making payments to non-executive directorsNA
7Policy on dealing with related party transactionsYeswww.srfootwears.com
8Policy for determining ‘material’ subsidiariesNA
9Details of familiarization programmes imparted to independent directorsYeswww.srfootwears.com

Annexure II

Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)

I. Disclosure on website in terms of Listing Regulations

SrItemCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.Web address
10Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievancesYeswww.srfootwears.com
11email address for grievance redressal and other relevant detailsYeswww.srfootwears.com
12Financial resultsYeswww.srfootwears.com
13Shareholding patternYeswww.srfootwears.com
14Details of agreements entered into with the media companies and/or their associatesNA
15Schedule of analyst or institutional investor meet and presentations made by the listed entity to analysts or institutional investors simultaneously with submission to stock exchangeNA
16New name and the old name of the listed entityNA
17Advertisements as per regulation 47 (1)Yeswww.srfootwears.com
18Credit rating or revision in credit rating obtainedNA
19Separate audited financial statements of each subsidiary of the listed entity in respect of a relevant financial yearNA
20Whether company has provided information under separate section on its website as per Regulation 46(2)Yeswww.srfootwears.com
21Materiality Policy as per Regulation 30Yeswww.srfootwears.com
22Dividend Distribution policy as per Regulation 43A (as applicable)NA
23It is certified that these contents on the website of the listed entity are correctYeswww.srfootwears.com


Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
1Independent director(s) have been appointed in terms of specified criteria of ‘independence’ and/or ‘eligibility’16(1)(b) & 25(6)Yes
2Board composition17(1), 17(1A) & 17(1B)NoMr. R. K. Bhandari, Chairman of the company resigned from the board of the company on 23.12.2020. Due to his resignation, the post of Chairman of the company is vacant and the company is in the process of appointing a new Independent Director and/or Chairman in his place. Due to the lockdown imposed by the Government of India in the Covid-19 scenario, the company could not operate and hence could not appoint a new Director. The Company will appoint a new Director as soon as the company starts functioning and operates its business activities.
3Meeting of Board of directors17(2)Yes
4Quorum of Board meeting17(2A)Yes
5Review of Compliance Reports17(3)Yes
6Plans for orderly succession for appointments17(4)Yes
7Code of Conduct17(5)Yes
8Fees/compensation17(6)Yes
9Minimum Information17(7)Yes
10Compliance Certificate17(8)Yes

Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
11Risk Assessment & Management17(9)Yes
12Performance Evaluation of Independent Directors17(10)Yes
13Recommendation of Board17(11)Yes
14Maximum number of Directorships17AYes
15Composition of Audit Committee18(1)Yes
16Meeting of Audit Committee18(2)Yes
17Composition of nomination & remuneration committee19(1) & (2)NoMr. R. K. Bhandari, Chairman of the company resigned from the board of the company on 23.12.2020. Due to his resignation, the composition of the Nomination and Remuneration Committee has been affected. The Company currently has only two Non-Executive Independent Directors. As per the requirements of the composition of the Nomination and Remuneration Committee as per the SEBI (LODR) Requirements, 2015 and the Companies Act, 2013, the committee shall comprise of at least three directors and all directors of the committee shall be non-executive directors. The Company is in the process of making efforts for meeting the requirements of the Nomination and Remuneration Committee. Due to the lockdown imposed by the Government of India in the Covid-19 scenario, the company could not operate and hence could not appoint a new Director. The Company will appoint a new Director as soon as the company starts functioning and operates its business activities.
18Quorum of Nomination and Remuneration Committee meeting19(2A)Yes
19Meeting of Nomination and Remuneration Committee19(3A)Yes
20Composition of Stakeholder Relationship Committee20(1), 20(2) & 20(2A)Yes

Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
21Meeting of Stakeholders Relationship Committee20(3A)Yes
22Composition and role of risk management committee21(1),(2),(3),(4)NA
23Meeting of Risk Management Committee21(3A)NA
24Vigil Mechanism22Yes
25Policy for related party Transaction23(1),(1A),(5),(6),(7) & (8)Yes
26Prior or Omnibus approval of Audit Committee for all related party transactions23(2), (3)Yes
27Approval for material related party transactions23(4)Yes
28Disclosure of related party transactions on consolidated basis23(9)Yes
29Composition of Board of Directors of unlisted material Subsidiary24(1)NA
30Other Corporate Governance requirements with respect to subsidiary of listed entity24(2),(3),(4),(5) & (6)NA

Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
31Annual Secretarial Compliance Report24(A)Yes
32Alternate Director to Independent Director25(1)Yes
33Maximum Tenure25(2)Yes
34Meeting of independent directors25(3) & (4)Yes
35Familiarization of independent directors25(7)Yes
36Declaration from Independent Director25(8) & (9)Yes
37D & O Insurance for Independent Directors25(10)NA
38Memberships in Committees26(1)Yes
39Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel26(3)Yes
40Disclosure of Shareholding by Non-Executive Directors26(4)Yes
41Policy with respect to Obligations of directors and senior management26(2) & 26(5)Yes
Any other information to be provided - Add Notes




Annexure II

1Name of signatorySamandeep Kaur Arya
2DesignationCompany Secretary and Compliance Officer



Annexure II

III. Affirmations

SrParticularsCompliance status (Yes/No/NA)
1The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been compliedNA
Any other information to be provided




Annexure II

1Name of signatorySamandeep Kaur Arya
2DesignationCompany Secretary and Compliance Officer



Signatory Details

Name of signatorySamandeep Kaur Arya
Designation of personCompany Secretary and Compliance Officer
PlacePunjab
Date15-05-2020