General information about company | |
| Scrip code | 532259 |
| NSE Symbol | APARINDS |
| MSEI Symbol | NOTLISTED |
| ISIN | INE372A01015 |
| Name of the entity | APAR INDUSTRIES LIMITED |
| Date of start of financial year | 01-04-2024 |
| Date of end of financial year | 31-03-2025 |
| Reporting Quarter | Quarterly |
| Date of Report | 30-06-2024 |
| Risk management committee | Applicable |
| Market Capitalisation as per immediate previous Financial Year | Top 500 listed entities |
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 | |||||||||||||||||||||||||
| Whether the listed entity has a Regular Chairperson | Yes | ||||||||||||||||||||||||
| Whether Chairperson is related to MD or CEO | Yes | ||||||||||||||||||||||||
| Sr | Title (Mr / Ms) | Name of the Director | DIN | Category 1 of directors | Category 2 of directors | Category 3 of directors | Date of Birth | ||||||||||||||||||
| 1 | Mr | Kushal N Desai | 00008084 | Executive Director | Chairperson | CEO-MD | 21-02-1967 | ||||||||||||||||||
| 2 | Mrs | Nina Pradip Kapasi | 02856816 | Non-Executive - Independent Director | Not Applicable | 30-11-1959 | |||||||||||||||||||
| 3 | Mr | Chaitanya N Desai | 00008091 | Executive Director | Not Applicable | MD | 15-07-1971 | ||||||||||||||||||
| 4 | Mr | Rajesh Narayan Sehgal | 00048482 | Non-Executive - Independent Director | Not Applicable | 16-02-1971 | |||||||||||||||||||
| 5 | Mr | Rishabh Kushal Desai | 08444660 | Non-Executive - Non Independent Director | Not Applicable | 16-05-1992 | |||||||||||||||||||
| 6 | Mr | Kaushal Jaysingh Sampat | 01932997 | Non-Executive - Independent Director | Not Applicable | 20-10-1970 | |||||||||||||||||||
| 7 | Mrs | Nirupa Kiran Bhatt | 02006089 | Non-Executive - Independent Director | Not Applicable | 18-05-1954 | |||||||||||||||||||
I. Composition of Board of Directors | |||||||||||||||||||||||||
Disqualification of Directors under section 164 of the Companies Act, 2013 | |||||||||||||||||||||||||
| Sr | Whether the director is disqualified? | Start Date of disqualification | End Date of disqualification | Details of disqualification | Current status | ||||||||||||||||||||
| 1 | No | Active | |||||||||||||||||||||||
| 2 | No | Active | |||||||||||||||||||||||
| 3 | No | Active | |||||||||||||||||||||||
| 4 | No | Active | |||||||||||||||||||||||
| 5 | No | Active | |||||||||||||||||||||||
| 6 | No | Active | |||||||||||||||||||||||
| 7 | No | Active | |||||||||||||||||||||||
I. Composition of Board of Directors | |||||||||||||||||||||||||||
| Sr | Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] | Date of passing special resolution | Initial Date of appointment | Date of Re-appointment | Date of cessation | Tenure 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 [with reference to proviso to regulation 17A(1) & 17A(2)] | 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) | Reason for Cessation | Notes for not providing PAN | Notes for not providing DIN | ||||||||||||||
| 1 | NA | 24-03-1999 | 01-01-2023 | 1 | 0 | 2 | 0 | ||||||||||||||||||||
| 2 | NA | 30-05-2014 | 08-08-2019 | 29-05-2024 | 117.29 | 1 | 1 | 2 | 2 | Tenure Completion | |||||||||||||||||
| 3 | NA | 29-05-1993 | 01-01-2023 | 1 | 0 | 1 | 0 | ||||||||||||||||||||
| 4 | NA | 24-04-2017 | 12-08-2022 | 83 | 1 | 1 | 2 | 2 | |||||||||||||||||||
| 5 | NA | 07-05-2019 | 07-05-2019 | 1 | 0 | 0 | 0 | ||||||||||||||||||||
| 6 | NA | 31-01-2022 | 31-01-2022 | 29 | 1 | 1 | 1 | 0 | |||||||||||||||||||
| 7 | NA | 26-10-2023 | 26-10-2023 | 8 | 2 | 2 | 2 | 0 | |||||||||||||||||||
Audit Committee Details | |||||||
| Whether the Audit Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 00048482 | Rajesh Narayan Sehgal | Non-Executive - Independent Director | Chairperson | 24-04-2017 | Textual Information(1) | |
| 2 | 01932997 | Kaushal Jaysingh Sampat | Non-Executive - Independent Director | Member | 03-11-2022 | ||
| 3 | 02006089 | Nirupa Kiran Bhatt | Non-Executive - Independent Director | Member | 29-05-2024 | ||
| 4 | 00008084 | Kushal N Desai | Executive Director | Member | 30-05-2014 | ||
| 5 | 02856816 | Nina Pradip Kapasi | Non-Executive - Independent Director | Chairperson | 30-05-2014 | 29-05-2024 | Textual Information(2) |
Sr Text Block | |
| Textual Information(1) | Appointed as Chairman of the Audit Committee w.e.f May 30, 2024. |
| Textual Information(2) | Ceased to be member and Chairperson of Audit Committee w.e.f May 29, 2024 due to completion of second and final tenure as an Independent Director. |
Nomination and remuneration committee | |||||||
| Whether the Nomination and remuneration committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 00048482 | Rajesh Narayan Sehgal | Non-Executive - Independent Director | Chairperson | 24-04-2017 | ||
| 2 | 01932997 | Kaushal Jaysingh Sampat | Non-Executive - Independent Director | Member | 03-11-2022 | ||
| 3 | 02006089 | Nirupa Kiran Bhatt | Non-Executive - Independent Director | Member | 29-05-2024 | ||
| 4 | 02856816 | Nina Pradip Kapasi | Non-Executive - Independent Director | Member | 28-08-2018 | 29-05-2024 | Textual Information(1) |
Sr Text Block | |
| Textual Information(1) | Ceased to be member of Nomination and Compensation-cum-Remuneration Committee w.e.f May 29, 2024 due to completion of second and final tenure as an Independent Director. |
Stakeholders Relationship Committee | |||||||
| Whether the Stakeholders Relationship Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 00048482 | Rajesh Narayan Sehgal | Non-Executive - Independent Director | Chairperson | 03-11-2022 | ||
| 2 | 00008084 | Kushal N Desai | Executive Director | Member | 08-11-2016 | ||
| 3 | 00008091 | Chaitanya N Desai | Executive Director | Member | 31-01-2000 | ||
Risk Management Committee | |||||||
| Whether the Risk Management Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 00008084 | Kushal N Desai | Executive Director | Chairperson | 30-04-2019 | ||
| 2 | 00008091 | Chaitanya N Desai | Executive Director | Member | 30-04-2019 | ||
| 3 | 02006089 | Nirupa Kiran Bhatt | Non-Executive - Independent Director | Member | 29-05-2024 | ||
| 4 | 00048482 | Rajesh Narayan Sehgal | Non-Executive - Independent Director | Member | 30-04-2019 | ||
| 5 | 01932997 | Kaushal Jaysingh Sampat | Non-Executive - Independent Director | Member | 01-02-2022 | ||
| 6 | 99999999 | Vinayak K. Lele | Sr. Vice President (Finance) | Member | 30-04-2019 | Textual Information(1) | |
| 7 | 99999999 | Ramesh S Iyer | Chief Financial Officer | Member | 03-02-2022 | Textual Information(2) | |
| 8 | 02856816 | Nina Pradip Kapasi | Non-Executive - Independent Director | Member | 30-04-2019 | 29-05-2024 | Textual Information(3) |
| 9 | 99999999 | V. C. Diwadkar | Financial Advisor | Member | 30-04-2019 | 29-05-2024 | Textual Information(4) |
| 10 | 99999999 | Samir H Mehta | Sr. Vice President (Commercial) | Member | 30-04-2019 | 29-05-2024 | Textual Information(5) |
Sr Text Block | |
| Textual Information(1) | Member of the Management |
| Textual Information(2) | Member of the Management |
| Textual Information(3) | Ceased to be member of Risk Management Committee w.e.f May 29, 2024 due to completion of second and final tenure as an Independent Director. |
| Textual Information(4) | Member of the Management |
| Textual Information(5) | Member of the Management |
Corporate Social Responsibility Committee | |||||||
| Whether the Corporate Social Responsibility Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 00008084 | Kushal N Desai | Executive Director | Chairperson | 30-05-2014 | ||
| 2 | 02006089 | Nirupa Kiran Bhatt | Non-Executive - Independent Director | Member | 29-05-2024 | ||
| 3 | 00008091 | Chaitanya N Desai | Executive Director | Member | 08-11-2016 | ||
| 4 | 02856816 | Nina Pradip Kapasi | Non-Executive - Independent Director | Member | 03-11-2022 | 29-05-2024 | Textual Information(1) |
Sr Text Block | |
| Textual Information(1) | Ceased to be Member of Corporate Social Responsibility Committee w.e.f May 29, 2024 due to completion of second and final tenure as an Independent Director. |
Other Committee | ||||||
| Sr | DIN Number | Name of Committee members | Name of other committee | Category 1 of directors | Category 2 of directors | Remarks |
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) | Notes for not providing Date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors as on date of the meeting | Number of Directors present* (All directors including Independent Director) | No. of Independent Directors attending the meeting* |
| 1 | 30-01-2024 | Yes | 7 | 7 | 4 | |||
| 2 | 14-05-2024 | 104 | Yes | 7 | 7 | 4 | ||
Annexure 1 | ||||||||||
IV. Meeting of Committees | ||||||||||
| Disclosure of notes on meeting of committees explanatory | ||||||||||
| Sr | Name of Committee | Date(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 committee | Reson for not providing date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors in the Committee as on date of the meeting | Number of Directors Present (All Directors including Independent Director) | No. of Independent Directors attending the meeting* | No. of members attending the meeting (other than Board of Directors) |
| 1 | Audit Committee | 30-01-2024 | Yes | 4 | 4 | 3 | 0 | |||
| 2 | Audit Committee | 14-05-2024 | 104 | Yes | 4 | 4 | 3 | 0 | ||
| 3 | Risk Management Committee | 30-01-2024 | Yes | 5 | 5 | 3 | 4 | |||
| 4 | Risk Management Committee | 14-05-2024 | 104 | Yes | 5 | 5 | 3 | 4 | ||
| 5 | Stakeholders Relationship Committee | 30-01-2024 | Yes | 3 | 3 | 1 | 0 | |||
| 6 | Stakeholders Relationship Committee | 14-05-2024 | 104 | Yes | 3 | 3 | 1 | 0 | ||
Annexure 1 | ||||||||||
IV. Meeting of Committees | ||||||||||
| Sr | Name of Committee | Date(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 committee | Reson for not providing date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors in the Committee as on date of the meeting | Number of Directors Present (All Directors including Independent Director) | No. of Independent Directors attending the meeting* | No. of members attending the meeting (other than Board of Directors) |
| 7 | Corporate Social Responsibility Committee | 20-02-2024 | Yes | 3 | 3 | 1 | 0 | |||
| 8 | Corporate Social Responsibility Committee | 14-05-2024 | 83 | Yes | 3 | 3 | 1 | 0 | ||
| 9 | Nomination and remuneration committee | 14-05-2024 | Yes | 3 | 3 | 3 | 0 | |||
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 | Yes | |
| 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 | Yes | |
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 1000 listed entities) | Yes |
| 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 |
Annexure 1 | ||
| Sr | Subject | Compliance status |
| 1 | Name of signatory | Sanjaya Kunder |
| 2 | Designation | Company Secretary |
Details of Cyber security incidence | ||
| Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter | No | |
| Number of cyber security incidence or breaches or loss of data event occurred during the quarter | ||
| Sr. | Date of the event | Brief details of the event |
Signatory Details | |
| Name of signatory | Sanjaya Kunder |
| Designation of person | Company Secretary |
| Place | Mumbai |
| Date | |