General information about company - IEX India...General information about company Scrip code 540750...
Transcript of General information about company - IEX India...General information about company Scrip code 540750...
General information about company
Scrip code 540750
NSE Symbol IEX
MSEI Symbol NOTLISTED
ISIN INE022Q01020
Name of the entity INDIAN ENERGY EXCHANGE LIMITED
Date of start of financial year 01-04-2019
Date of end of financial year 31-03-2020
Reporting Quarter Quarterly
Date of Report 30-06-2019
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
Wether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No
Name ofthe
DirectorPAN DIN
Category 1of directors
Category 2of directors
Category3 of
directors
Dateof
Birth
Initial Dateof
appointment
Date of Re-appointment
Date ofcessation
Tenureof
director(in
months)
No ofDirectorship inlisted entitiesincluding thislisted entity
(ReferRegulation 17A
of ListingRegulations)
No of IndependentDirectorship inlisted entitiesincluding this
listed entity (ReferRegulation 17A(1)
of ListingRegulations
Number ofmemberships in
Audit/ StakeholderCommittee(s)
including this listedentity (Refer
Regulation 26(1) ofListing Regulations)
No of post ofChairperson in Audit/
Stakeholder Committeeheld in listed entitiesincluding this listed
entity (ReferRegulation 26(1) ofListing Regulations)
Notes fornot
providingPAN
DineshKumarMehrotra
ADQPM6804K 00142711
Non-Executive -IndependentDirector
Chairperson05-05-1953
30-03-2015 22-05-2019
50 3 3 4 1
ProfKayyalathuThomasChacko
AASPC3680L 02446168
Non-Executive -IndependentDirector
NotApplicable
29-10-1946
30-03-2015 51 1 1 1 1
TejpreetSinghChopra
ADNPC6578R 00317683
Non-Executive -IndependentDirector
NotApplicable
05-12-1969
05-03-2019 4 3 3 1 1
SudhaPillai
AENPP4151N 02263950
Non-Executive -IndependentDirector
NotApplicable
01-05-1950
26-04-2019 2 5 5 7 2
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Wether the listed entity has a Regular Chairperson
Sr
Title(Mr
/Ms)
Name of theDirector PAN DIN
Category 1of directors
Category 2of
directors
Category3 of
directors
Dateof
Birth
Initial Dateof
appointment
Date of Re-appointment
Date ofcessation
Tenureof
director(in
months)
No ofDirectorship
in listedentities
includingthis listed
entity (ReferRegulation
17A ofListing
Regulations)
No ofIndependentDirectorship
in listedentities
includingthis listed
entity(Refer
Regulation17A(1) of
ListingRegulations
Number ofmemberships
in Audit/Stakeholder
Committee(s)including thislisted entity
(ReferRegulation
26(1) ofListing
Regulations)
No of postof
Chairpersonin Audit/
StakeholderCommittee
held in listedentities
includingthis listed
entity (ReferRegulation
26(1) ofListing
Regulations)
Notes fonot
providinPAN
5 MrSatyanarayanGoel ADAPG6282F 02294069
ExecutiveDirector
NotApplicable
CEO-MD
10-08-1954
21-01-2014 1 0 0 0
6 MrGautamDalmia AAFPD5252N 00009758
Non-Executive -NonIndependentDirector
NotApplicable
14-01-1968
20-12-2018 3 0 2 0
7 MsRenukaRamnath AADPR8108D 00147182
Non-Executive -NonIndependentDirector
NotApplicable
14-09-1961
29-03-2012 7 5 2 2
8 MrGopalSrinivasan AADPG9543P 00177699
Non-Executive -NonIndependentDirector
NotApplicable
04-08-1958
18-04-2017 4 1 2 0
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Wether the listed entity has a Regular Chairperson
Sr
Title(Mr
/Ms)
Name ofthe
DirectorPAN DIN
Category 1of directors
Category 2of
directors
Category3 of
directors
Dateof
Birth
Initial Dateof
appointment
Date of Re-appointment
Date ofcessation
Tenureof
director(in
months)
No ofDirectorship
in listedentities
includingthis listed
entity (ReferRegulation
17A ofListing
Regulations)
No ofIndependentDirectorship
in listedentities
includingthis listed
entity(Refer
Regulation17A(1) of
ListingRegulations
Number ofmemberships
in Audit/Stakeholder
Committee(s)including thislisted entity
(ReferRegulation
26(1) ofListing
Regulations)
No of postof
Chairpersonin Audit/
StakeholderCommittee
held in listedentities
includingthis listed
entity (ReferRegulation
26(1) ofListing
Regulations)
Notes fornot
providingPAN
9 MrMahendraSinghi AJXPS9801R 00243835
Non-Executive -NonIndependentDirector
NotApplicable
30-09-1952
30-05-2017 1 0 1 0
10 MrAjeetKumarAgarwal
AAQPA4238C 02231613
Non-Executive -NonIndependentDirector
NotApplicable
30-05-1960
22-08-2012 2 0 1 0
11 MrRajivSrivastava AYZPS4228F 03568897
ExecutiveDirector
NotApplicable
03-10-1964
03-06-2019 1 0 1 0
Annexure 1
II. Composition of Committees
Disclosure of notes on composition of committees explanatory Textual Information(1)
Annexure 1 Text Block
Textual Information(1)
This is to inform that as per Regulation 21 of the SEBI (LODR) Regulations, 2015 the Company haveEnterprise Risk Management Committee (ERMC) to Oversee, Monitor and Review the RiskManagement plan of the Company and also this Committee performs the other functions whichspecifically includes Cyber Security.
Further as per CERC Power Market Regulations, 2010 the Company has a separate Risk ManagementCommittee (RMC) in place which performs the functions as required under Power Market Regulations.
Both ERMC and RMC have different composition, Role and Functions.
Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DINNumber
Name of Committeemembers Category 1 of directors Category 2 of
directorsDate of
AppointmentDate of
Cessation Remarks
1 00142711 Dinesh KumarMehrotra
Non-Executive - IndependentDirector Chairperson 30-03-2015 22-05-2019 Textual
Information(1)
2 02446168 Prof KayyalathuThomas Chacko
Non-Executive - IndependentDirector Member 07-10-2014
3 00243835 Mahendra Singhi Non-Executive - NonIndependent Director Member 30-07-2018
4 02263950 Sudha Pillai Non-Executive - IndependentDirector Member 24-05-2019 Textual
Information(2)
Sr Text Block
Textual Information(1)
Mr. Dinesh Kumar Mehrotra ceased to be Chairman and Dirtector of the Company w.e.f May 22, 2019due to his resignation, and accordingly ceased to be chairman of the Audit Committee on the same date. The Board of directors of the Company in its Meeting dated May 24, 2019 appointed Ms. Sudha Pillai asthe Chairperson of the Audit Committee with effect from May 24, 2019.
Textual Information(2)Ms. Sudha Pillai is the Chairperson of the Audit Committee w.e.f May 24, 2019 as she was appointed inplace of Mr. Dinesh Kumar Mehrotra who ceased to be the Chairperson of the Audit Committee w.e.fMay 22, 2019.
Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DINNumber
Name of Committeemembers Category 1 of directors Category 2 of
directorsDate of
AppointmentDate of
Cessation Remarks
1 02446168 Prof KayyalathuThomas Chacko
Non-Executive - IndependentDirector Chairperson 21-05-2012
2 00142711 Dinesh KumarMehrotra
Non-Executive - IndependentDirector Member 04-05-2016 22-05-2019 Textual
Information(1)
3 02263950 Sudha Pillai Non-Executive - IndependentDirector Member 24-05-2019 Textual
Information(2)
4 00243835 Mahendra Singhi Non-Executive - NonIndependent Director Member 12-06-2017
5 00147182 Renuka Ramnath Non-Executive - NonIndependent Director Member 04-05-2016
Sr Text Block
Textual Information(1)
Mr. Dinesh Kumar Mehrotra ceased to be Chairman and Dirtector of the Company w.e.f May 22, 2019due to his resignation, and accordingly ceased to be Member of the Nomination and RemunerationCommittee on the same date. The Board of directors of the Company in its Meeting dated May 24, 2019 appointed Ms. Sudha Pillai asthe Member of the Nomination and Remuneration Committee with effect from May 24, 2019 in place ofMr. Dinesh Kumar Mehrotra.
Textual Information(2)The Board of directors of the Company in its Meeting dated May 24, 2019 appointed Ms. Sudha Pillai asthe Member of the Nomination and Remuneration Committee with effect from May24, 2019 in place ofMr. Dinesh Kumar Mehrotra who ceased to be Member of the Committee w.e.f May 22, 2019.
Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DINNumber
Name of Committeemembers Category 1 of directors Category 2 of
directorsDate of
AppointmentDate of
Cessation Remarks
1 02446168 Prof KayyalathuThomas Chacko
Non-Executive - IndependentDirector Chairperson 30-05-2017
2 00177699 Gopal Srinivasan Non-Executive - NonIndependent Director Member 30-05-2017
3 02294069 Satyanarayan Goel Executive Director Member 30-05-2017 03-06-2019 TextualInformation(1)
4 03568897 Rajiv Srivastava Executive Director Member 03-06-2019 TextualInformation(2)
Sr Text Block
Textual Information(1)The Board of Directors of the Company in its Meeting dated May 24, 2019 discharged Mr.Satyanarayan Goel from the Membership of the Committee and appointed Mr. Rajiv Srivastava as aMember of the Committee w.e.f. June 03, 2019 in place of Mr. Satyanarayan Goel.
Textual Information(2) The Board of Directors of the Company in its Meeting dated May 24, 2019 appointed Mr. RajivSrivastava as a Member of the Committee w.e.f. June 03, 2019 in place of Mr. Satyanarayan Goel.
Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DINNumber
Name of Committeemembers Category 1 of directors Category 2 of
directorsDate of
AppointmentDate of
Cessation Remarks
1 02446168 Prof KayyalathuThomas Chacko
Non-Executive - IndependentDirector Chairperson 04-05-2016
2 00243835 Mahendra Singhi Non-Executive - NonIndependent Director Member 08-11-2017
3 02294069 Satyanarayan Goel Executive Director Member 04-05-2016
4 03568897 Rajiv Srivastava Executive Director Member 03-06-2019
5 00009758 Gautam Dalmia Non-Executive - NonIndependent Director Member 03-06-2019
Corporate Social Responsibility Committee
Whether the Corporate Social Responsibility Committee has a Regular Chairperson Yes
Sr DINNumber
Name of Committeemembers Category 1 of directors Category 2 of
directorsDate of
AppointmentDate of
Cessation Remarks
1 02446168 Prof KayyalathuThomas Chacko
Non-Executive - IndependentDirector Chairperson 23-04-2015
2 02294069 Satyanarayan Goel Executive Director Member 10-03-2014
3 00147182 Renuka Ramnath Non-Executive - NonIndependent Director Member 04-05-2016 03-06-2019 Textual
Information(1)
4 02263950 Sudha Pillai Non-Executive - IndependentDirector Member 03-06-2019 Textual
Information(2)
5 03568897 Rajiv Srivastava Executive Director Member 03-06-2019 TextualInformation(3)
Sr Text Block
Textual Information(1)The Board of Directors of the Company in its Board Meeting dated May 24, 2019 discharged Ms.Renuka Ramnath from the Membership of Corporate Social Responsibility Committee (CSR) andappointed Ms. Sudha Pillai as Member of the Committee with effect from June 3, 2019.
Textual Information(2) The Board of Directors of the Company in its Board Meeting dated May 24, 2019 appointed Ms. SudhaPillai as Member of the CSR Committee w.e.f June 3, 2019 in place of Ms. Renuka Ramnath.
Textual Information(3) The Board of Directors of the Company in its Board Meeting dated May 24, 2019 appointed Mr. RajivSrivastava as Member of the CSR Committee w.e.f June 3, 2019
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 ofdirectors explanatory
SrDate(s) of meeting
(if any) in theprevious quarter
Date(s) ofmeeting (if any)
in the currentquarter
Maximum gap betweenany two consecutive (in
number of days)
Notes fornot
providingDate
Whetherrequirement ofQuorum met
(Yes/No)
Number ofDirectorspresent*
No. of IndependentDirectors attending
the meeting*
1 10-01-2019 Yes 6 2
2 08-02-2019 28 Yes 4 2
3 02-04-2019 52 Yes 7 3
4 26-04-2019 23 Yes 7 3
5 24-05-2019 27 Yes 5 2
Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name ofCommittee
Date(s) of meeting (Enterdates of Previous quarter and
Current quarter inchronological order)
Maximum gapbetween any twoconsecutive (innumber of days)
Name ofother
committee
Reson fornot
providingdate
Whetherrequirementof Quorum
met(Yes/No)
Numberof
Directorspresent*
No. ofIndependent
Directorsattending the
meeting*
1 AuditCommittee 08-02-2019 Yes 2 2
2 AuditCommittee 26-04-2019 76 Yes 2 2
3
Nominationandremunerationcommittee
15-03-2019 Yes 3 2
4
Nominationandremunerationcommittee
26-04-2019 41 Yes 3 2
5
CorporateSocialResponsibilityCommittee
22-02-2019 Yes 2 1
6
CorporateSocialResponsibilityCommittee
25-04-2019 61 Yes 2 1
Annexure 1
IV. Meeting of Committees
Sr Name ofCommittee
Date(s) of meeting (Enterdates of Previous quarter and
Current quarter inchronological order)
Maximum gapbetween any twoconsecutive (innumber of days)
Name ofother
committee
Reson fornot
providingdate
Whetherrequirementof Quorum
met(Yes/No)
Numberof
Directorspresent*
No. ofIndependent
Directorsattending the
meeting*
7
CorporateSocialResponsibilityCommittee
06-05-2019 10 Yes 2 1
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 approvalhave been reviewed by Audit Committee NA
Annexure 1
VI. Affirmations
Sr Subject Compliancestatus (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) 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 inSEBI (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
9 Any comments/observations/advice of Board of Directors may be mentioned here: TextualInformation(1)
Annexure 1
Sr Subject Compliance status
1 Name of signatory Vineet Harlalka
2 Designation Company Secretary and Compliance Officer
Text Block
Textual Information(1)
For Sr. No.(1) The composition of Board of Directors is in terms of SEBI(Listing obligation andDisclosure Requirements) Regulation,2015 Note: During the reporting quarter Mr. Dinesh Kumar Mehrotra, Chairman and Independent Director,resigned from the Chairmanship and Directorship of the Company with effect from May 22, 2019 due towhich the number of independent directors are reduced to three (3). The Company is in process of takingthe necessary action to ensure complaince with Regulation 17 of SEBI (LODR) Regulations, 2015within the given time frame.
Signatory Details
Name of signatory Vineet Harlalka
Designation of person Company Secretary and Compliance Officer
Place New Delhi
Date 15-07-2019