General information about company | |
| Scrip code | 532183 |
| Name of the entity | Gayatri Sugars Limited |
| Date of start of financial year | 01-04-2016 |
| Date of end of financial year | 31-03-2017 |
| Reporting Quarter | Quarterly |
| Date of Report | 31-12-2016 |
| Risk management committee | Not 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 | Textual Information(1) | |||||||||||||
| Is there any change in information of board of directors compare to previous quarter | Yes | |||||||||||||
| Sr | Title (Mr / Ms) | Name of the Director | PAN | DIN | Category 1 of directors | Category 2 of directors | Category 3 of directors | Date of appointment in the current term | Date of cessation | Tenure 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 |
| 1 | Mrs | TIKKAVARAPU SARITA REDDY | ABCPS7046R | 00017122 | Executive Director | Not Applicable | MD | 01-05-2016 | 2 | 3 | 0 | |||
| 2 | Mr | RAGHURAJ SURESH BHALERAO | ABYPB0100F | 07652493 | Non-Executive - Independent Director | Not Applicable | Shareholder Director | 11-11-2016 | 60 | 1 | 0 | 0 | ||
Text Block | |
| Textual Information(1) | Tikkavarapu Sarita Reddy has been re-designated from Executive Director to Managing Director w.e.f. 29.08.2016. The effective date of her appointment is 01.05.2016. The appointment has been approved by the Shareholders in the Annual General Meeting held on 26.09.2016 but due to non-receipt of "No Objection Certificate" from one of the secured creditors before the AGM, the Company has made an application to the Central Government for appointment of Ms. T. Sarita Reddy to comply with the MCA Notification dated 12.09.2016.
Pursuant to demise of Sri. Venkataswamy Sunnam on 10.09.2016 there was an casual vaccancy on the Board which was filled in the Board Meeting held on 11.11.2016 by appointing Mr. Raghuraj Suresh Bhalerao as an additional director of the Company in the Independent Category.
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Annexure 1 | |||||
II. Composition of Committees | |||||
| Disclosure of notes on composition of committees explanatory | Textual Information(1) | ||||
| Is there any change in information of committees compare to previous quarter | Yes | ||||
| Sr | Name Of Committee | Name of Committee members | Category 1 of directors | Category 2 of directors | Name of other committee |
| 1 | Nomination and remuneration committee | TIKKAVARAPU INDIRA SUBBARAMI REDDY | Non-Executive - Non Independent Director | Member | |
| 2 | Stakeholders Relationship Committee | JAWAHARLAL NEHRU KARAMCHETTI | Non-Executive - Independent Director | Chairperson | |
Text Block | |
| Textual Information(1) | Pursuant to demise of Sri. Venkataswamy Sunnam on 10.09.2016 the Nomination and Remuneration Committee and Stakeholders Relationship Committee of the Board were re-constituted in the Board Meeting held on 11.11.2016 and Mrs. Tikkavarapu Indira Subbarami Reddy was appointed as the Member of Nomination and Remuneration Committee in place of Sri. Venkataswamy Sunnam and Mr. Jawaharlal Nehru Karamchetti was appointed as the Chairperson of Stakeholders Relationship Committee in place of Sri. Venkataswamy Sunnam. |
Annexure 1 | |||
Annexure 1 | |||
III. Meeting of Board of Directors | |||
| Disclosure of notes on meeting of board of directors explanatory | |||
| Sr | Date(s) of meeting (if any) in the previous quarter | Date(s) of meeting (if any) in the current quarter | Maximum gap between any two consecutive (in number of days) |
| 1 | 13-08-2016 | ||
| 2 | 29-08-2016 | 15 | |
| 3 | 11-11-2016 | 73 | |
| 4 | 16-12-2016 | 34 | |
Annexure 1 | |||||||
IV. Meeting of Committees | |||||||
| Disclosure of notes on meeting of committees explanatory | |||||||
| Sr | Name of Committee | Date(s) of meeting of the committee in the relevant quarter | Whether requirement of Quorum met (Yes/No) | Requirement of Quorum met (details) | Date(s) of meeting of the committee in the previous quarter | Maximum gap between any two consecutive meetings (in number of days) | Name of other committee |
| 1 | Audit Committee | 11-11-2016 | Yes | 2 out of 3 | 13-08-2016 | 89 | |
Annexure 1 | |||
V. Related Party Transactions | |||
| Sr | Subject | Compliance status (Yes/No/NA) | If status is “No” details of non-compliance may be given here. |
| 1 | Whether prior approval of audit committee obtained | NA | |
| 2 | Whether shareholder approval obtained for material RPT | NA | |
| 3 | Whether details of RPT entered into pursuant to omnibus approval have been reviewed by Audit Committee | NA | |
Annexure 1 | ||
VI. Affirmations | ||
| Sr | Subject | Compliance status (Yes/No) |
| 1 | The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 | Yes |
| 2 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee | Yes |
| 3 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee | Yes |
| 4 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee | Yes |
| 5 | The 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 |
| 6 | The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. | Yes |
| 7 | The 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 |
| 8 | This report and/or the report submitted in the previous quarter has been placed before Board of Directors. | Yes |
Signatory Details | |
| Name of signatory | Munmun Baid |
| Designation of person | Company Secretary |
| Place | Hyderabad |
| Date | 11-01-2017 |