Aditya Birla Money Limited NSE:BIRLAMONEY
Aditya Birla Money : Outcome of Board Meeting held on June 05, 2024
Source: MarketScreener
Ref: SECTL/2024 - 79 | June 05, 2024 |
BSE Limited | National Stock Exchange of India Limited |
Phiroze Jeejeebhoy Towers, | Exchange Plaza, 5th Floor, Plot No. C/1, G-Block, |
Dalal Street, | Bandra-Kurla Complex, Bandra (East) |
MUMBAI - 400 001 | MUMBAI - 400 051 |
Scrip Code: BSE - 532974 | NSE - BIRLA MONEY |
Sub: Outcome of the Board Meeting and disclosure under Regulation 30 read with Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')
(Commenced at: 11.15 A.M. and Concluded at: 11.40 A.M.)
Dear Sir / Madam,
We wish to inform you that the Board of Directors of the Company at its Meeting held today i.e. June 05, 2024 has inter-alia considered and approved the following: -
- The appointment of Mr. Sharadkumar Bhatia (DIN: 07327383) as an 'Additional Director' in the category of Non-Executive - Independent Director' of the Company w.e.f. July 01, 2024, as recommended by the Nomination and Remuneration Committee. Further, in compliance with circular No. NSE/CML/2018/24 dated June 20, 2018, issued by the Exchange regarding SEBI Orders for director appointments by listed companies, this is also verified that Mr. Sharadkumar Bhatia is not debarred from holding the office of director as per any SEBI order or any other relevant authority. The details of the Appointed Director as per the SEBI Circular is enclosed as Annexure-I.
- The Board's Report for the year ended March 31, 2024.
- The Secretarial Audit Report issued by M/s. BNP & Associates, Practicing Company Secretaries, Mumbai for the Financial Year ended on March 31, 2024.
- The re-constitution of the Committees of the Board w.e.f. July 01, 2024. The detailed disclosure of Re-constituted Committees as required under Regulation 30 of the Listing Regulations is enclosed as Annexure II.
Kindly take the same on record.
Thanking you,
For Aditya Birla Money Limited
MANISHA Digitally signed by
MANISHA LAKHOTIA
LAKHOTIA Date: 2024.06.05 11:42:38 +05'30'
Manisha Lakhotia
Company Secretary and Compliance Officer
Encl: As above
Annexure-I
Details under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023:
Particulars | Additional Director |
(Non-Executive Independent Director) |
Name | Mr. Sharadkumar Bhatia | |
(DIN: 07327383) | ||
Reason for change viz. appointment, | Appointment as Additional Director in the category of | |
resignation, removal, death or | Non-Executive Independent Director | |
otherwise | ||
Date of appointment/ cessation & term | Date of appointment: w.e.f. July 01, 2024 | |
of appointment; | Term: 5 Years | |
Brief profile (in case of appointment) | Mr. Sharad Bhatia has over four decades of experience | |
in progressively improved roles, across three leading | ||
banking groups: ICICI Bank, Kotak Mahindra Bank and | ||
Axis Bank. In his last role, he was Managing Director | ||
with Multiples Alternate Asset Management, a leading | ||
Private Equity fund and led their foray into investing | ||
in special situations. | ||
He has been closely involved with the stressed assets | ||
space in various roles - a seller and a buyer of non- | ||
performing loans in a bank and an Asset | ||
Reconstruction Company, and a Private Equity | ||
investor evaluating investments in stressed | ||
companies. Currently, he is also on the board of many | ||
esteemed entities as an Independent Director such as | ||
Aditya Birla ARC Limited, Kotak Mahindra Trustee | ||
Company Limited, Kotak Pension Fund Limited etc. | ||
Mr. Bhatia has a B.E in Chemical Engineering and an | ||
MBA. He also attended the Advanced Management | ||
Program at INSEAD, France. Currently he is a Director | ||
on the boards of the many entities such as Aditya Birla | ||
ARC Limited, Kotak Mahindra Trustee Company | ||
Limited, Kotak Pension Fund Limited, etc. | ||
Disclosure of relationships between | None | |
directors (in case of appointment of a | ||
director) | ||
For Aditya Birla Money Limited | ||
MANISHA | Digitally signed by | |
MANISHA LAKHOTIA | ||
LAKHOTIA | Date: 2024.06.05 | |
11:43:17 +05'30' | ||
Manisha Lakhotia |
Company Secretary and Compliance Officer
Annexure-II
The detailed disclosure of Re-constituted Committees effective from July 01, 2024 as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 are as follows.
Audit Committee:
Dr. Sethurathnam Ravi | - Chairperson, Non-Executive Independent Director |
Mr. Sharadkumar Bhatia | - Member, Non-Executive Independent Director |
Mr. Shriram Jagetiya | - Member, Non-Executive Director |
Nomination and Remuneration Committee | |
Mr. Sharadkumar Bhatia | - Chairperson, Non-Executive Independent Director |
Dr. Sethurathnam Ravi | - Member, Non-Executive Independent Director |
Mr. Shriram Jagetiya | - Member, Non-Executive Director |
Stakeholder's Relationship Committee | |
Dr. Sethurathnam Ravi | - Chairperson, Non-Executive Independent Director |
Mr. Gopi Krishna Tulsian | - Member, Non-Executive Director |
Mr. Tushar Shah | - Member, Non-Executive Director |
Corporate Social Responsibility Committee | |
Mr. Sharadkumar Bhatia | - Chairperson, Non-Executive Independent Director |
Mr. Gopi Krishna Tulsian | - Member, Non-Executive Director |
Mrs. Pinky Mehta | - Member, Non-Executive Director |
For Aditya Birla Money Limited
MANISHA LAKHOTIA
Digitally signed by
MANISHA LAKHOTIA Date: 2024.06.05 11:43:33 +05'30'
Manisha Lakhotia
Company Secretary and Compliance Officer