General information about company | |
| Scrip code | 516096 |
| NSE Symbol | |
| MSEI Symbol | |
| ISIN | INE384D01022 |
| Name of the entity | SANGAL PAPERS LIMITED |
| Date of start of financial year | 01-04-2023 |
| Date of end of financial year | 31-03-2024 |
| Reporting Quarter | Half Yearly |
| Date of Report | 30-09-2023 |
| Risk management committee | Not Applicable |
| Market Capitalisation as per immediate previous Financial Year | Any 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 explanatory | Textual Information(1) | ||||||||||||||||||||||||
| Whether the listed entity has a Regular Chairperson | Yes | ||||||||||||||||||||||||
| Whether Chairperson is related to MD or CEO | No | ||||||||||||||||||||||||
| Sr | Title (Mr / Ms) | Name of the Director | PAN | DIN | Category 1 of directors | Category 2 of directors | Category 3 of directors | Date of Birth | |||||||||||||||||
| 1 | Mr | HIMANSHU SANGAL | ABTPS0013R | 00091324 | Executive Director | Not Applicable | MD | 22-10-1955 | |||||||||||||||||
| 2 | Mr | AMIT SANGAL | ABTPS0661F | 00091486 | Executive Director | Not Applicable | 13-01-1965 | ||||||||||||||||||
| 3 | Mr | TANMAY SANGAL | AWYPS9828A | 01297057 | Non-Executive - Non Independent Director | Not Applicable | 16-10-1985 | ||||||||||||||||||
| 4 | Mr | VINAYAK SANGAL | COAPS3437P | 06833351 | Non-Executive - Non Independent Director | Not Applicable | 21-11-1991 | ||||||||||||||||||
| 5 | Mr | PREM SETHI | ABTPS7038J | 07146425 | Non-Executive - Independent Director | Not Applicable | 25-09-1954 | ||||||||||||||||||
| 6 | Mrs | GEETA GUPTA | ADHPG1761G | 00095939 | Non-Executive - Independent Director | Not Applicable | 13-09-1962 | ||||||||||||||||||
| 7 | Mr | SAPAN SODHI | BALPS4438N | 10178992 | Non-Executive - Independent Director | Chairperson | 26-09-1970 | ||||||||||||||||||
| 8 | Mrs | VARTIKA MALIK | ABBPM9837B | 00687839 | Non-Executive - Independent Director | Not Applicable | 27-02-1969 | ||||||||||||||||||
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 | |||||||||||||||||||||||
| 8 | 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) | Notes for not providing PAN | Notes for not providing DIN | |||||||||||||
| 1 | NA | 25-11-1980 | 01-04-2021 | 60 | 1 | 0 | 2 | 0 | |||||||||||||||||
| 2 | NA | 27-09-1996 | 01-04-2021 | 60 | 1 | 0 | 0 | 0 | |||||||||||||||||
| 3 | NA | 30-11-2003 | 24-08-2023 | 12 | 1 | 0 | 0 | 0 | |||||||||||||||||
| 4 | NA | 01-03-2014 | 24-08-2023 | 12 | 1 | 0 | 0 | 0 | |||||||||||||||||
| 5 | NA | 16-03-2015 | 30-05-2018 | 24-08-2023 | 60 | 1 | 0 | 0 | 0 | ||||||||||||||||
| 6 | NA | 16-03-2015 | 30-05-2018 | 24-08-2023 | 60 | 1 | 0 | 0 | 0 | ||||||||||||||||
| 7 | NA | 27-05-2023 | 60 | 1 | 0 | 1 | 0 | ||||||||||||||||||
| 8 | NA | 27-05-2023 | 60 | 1 | 1 | 1 | 0 | ||||||||||||||||||
Text Block | |||||||||||||||||||||||||||||||||||||||||||||||||
| Textual Information(1) | 1.The IInd term of Mrs Geeta Gupta and Mr. Prem Sethi as Non-Executive Independent Director expired on 43rd AGM held on 24/08/2023. In place of them Mr. Sapan Sodhi and Mrs. Vartika Malik who were appointed initially as Additional Independent Non- Executive Director by the Board on 27/05/2023 till next Annual General Meeting were appointed by the shareholders as Independent Non-Executive Director in 43rd AGM held on 24/08/2023 for term of 5years till the conclusion of 48th AGM.
2. In place of Mr. Prem Sethi (Independent Non- Executive Director) Mr. Sapan Sodhi (Independent Non-Executive Director) was appointed Chairman of the Board in the Board Meeting held on 15/09/2023 withe effect from 16/09/2023.
3. Committees were reconstituted as follows:
A. The Audit Committee:
B. The Nomination and Remuneration Committee
C. The Stakeholders Relationship Committee
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Annexure 1 | |||||||
II. Composition of Committees | |||||||
| Disclosure of notes on composition of committees explanatory | Textual Information(1) | ||||||
Annexure 1 Text Block | |||||||||||||||||||||||||||||||||||||||||||||||||
| Textual Information(1) | . Committees were reconstituted as follows with effect from 16/09/2023
A. The Audit Committee:
B. The Nomination and Remuneration Committee
C. The Stakeholders Relationship Committee
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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 | 00095939 | GEETA GUPTA | Non-Executive - Independent Director | Chairperson | 30-05-2018 | 24-08-2023 | |
| 2 | 07146425 | PREM SETHI | Non-Executive - Independent Director | Member | 30-05-2018 | 24-08-2023 | |
| 3 | 00091324 | HIMANSHU SANGAL | Executive Director | Member | 01-04-2021 | ||
| 4 | 00687839 | VARTIKA MALIK | Non-Executive - Independent Director | Chairperson | 16-09-2023 | ||
| 5 | 10178992 | SAPAN SODHI | Non-Executive - Independent Director | Member | 16-09-2023 | ||
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 | 00095939 | GEETA GUPTA | Non-Executive - Independent Director | Chairperson | 30-05-2018 | 24-08-2023 | |
| 2 | 07146425 | PREM SETHI | Non-Executive - Independent Director | Member | 30-05-2018 | 24-08-2023 | |
| 3 | 06833351 | VINAYAK SANGAL | Non-Executive - Non Independent Director | Member | 01-04-2021 | ||
| 4 | 00687839 | VARTIKA MALIK | Non-Executive - Independent Director | Chairperson | 16-09-2023 | ||
| 5 | 10178992 | SAPAN SODHI | Non-Executive - Independent Director | Member | 16-09-2023 | ||
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 | 00095939 | GEETA GUPTA | Non-Executive - Independent Director | Chairperson | 30-05-2018 | 24-08-2023 | |
| 2 | 07146425 | PREM SETHI | Non-Executive - Independent Director | Member | 30-05-2018 | 24-08-2023 | |
| 3 | 06833351 | VINAYAK SANGAL | Non-Executive - Non Independent Director | Member | 01-04-2021 | ||
| 4 | 00687839 | VARTIKA MALIK | Non-Executive - Independent Director | Member | 16-09-2021 | ||
| 5 | 10178992 | SAPAN SODHI | Non-Executive - Independent Director | Chairperson | 16-09-2021 | ||
Risk Management Committee | |||||||
| Whether the Risk Management Committee has a Regular Chairperson | |||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
Corporate Social Responsibility Committee | |||||||
| Whether the Corporate Social Responsibility Committee has a Regular Chairperson | |||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
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 | 27-05-2023 | Yes | 6 | |||||
| 2 | 26-07-2023 | 59 | Yes | 8 | 8 | 4 | ||
| 3 | 11-08-2023 | 15 | Yes | 8 | 8 | 4 | ||
| 4 | 15-09-2023 | 34 | Yes | 6 | 6 | 2 | ||
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 | 27-05-2023 | Yes | 3 | 3 | 2 | 0 | |||
| 2 | Audit Committee | 26-07-2023 | 59 | Yes | 3 | 3 | 2 | 0 | ||
| 3 | Audit Committee | 11-08-2023 | 15 | Yes | 3 | 3 | 2 | 0 | ||
| 4 | Nomination and remuneration committee | 27-05-2023 | Yes | 3 | 3 | 2 | 0 | |||
| 5 | Nomination and remuneration committee | 26-07-2023 | 59 | Yes | 3 | 3 | 2 | 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 | NA | |
| 2 | Whether shareholder approval obtained for material RPT | Yes | |
| 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) | 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 |
Annexure 1 | ||
| Sr | Subject | Compliance status |
| 1 | Name of signatory | HIMANSHU SANGAL |
| 2 | Designation | Managing Director |
Annexure III | ||||
III. Affirmations | ||||
| Sr | Particulars | Regulation Number | Compliance status (Yes/No/NA) | If status is “No” details of non-compliance may be given here. |
| 1 | Copy of the annual report including balance sheet, profit and loss account, directors report, corporate governance report, business responsibility report displayed on website | 46(2) | Yes | |
| 2 | Presence of Chairperson of Audit Committee at the Annual General Meeting | 18(1)(d) | No | Due to Medical Emergency unable to join the meeting, Mr. Himanshu Sangal Managing Director represented her and acted as Chairperson of the Meeting |
| 3 | Presence of Chairperson of the nomination and remuneration committee at the annual general meeting | 19(3) | No | Due to Medical Emergency unable to join the meeting, Mr. Himanshu Sangal Managing Director represented her and acted as Chairperson of the Meeting |
| 4 | Presence of Chairperson of the Stakeholder Relationship committee at the annual general meeting | 20(3) | No | Due to Medical Emergency unable to join the meeting, Mr. Himanshu Sangal Managing Director represented her and acted as Chairperson of the Meeting |
| 5 | Disclosure of the Secretarial Audit Report of the listed entity and the material subsidiaries in the Annual Report | 24A(1) | Yes | |
| 6 | Submission of Annual Secretarial Compliance Report | 24A(2) | Yes | |
| 7 | Whether “Corporate Governance Report” disclosed in Annual Report | 34(3) read with para C of Schedule V | Yes | |
| 6 | ||||
Annexure III | ||
| 1 | Name of signatory | HIMANSHU SANGAL |
| 2 | Designation | Managing Director |
Additional Half yearly Disclosure | |||||||
| Applicability of disclosure | Not Applicable | ||||||
| Reason for Non Applicability | Textual Information(1) | ||||||
Text Block | |
| Textual Information(1) | No Loan, Guarantee, Security is provided by the Company to the Promoters, Directors, KMP etc. as mentioned in the Chart |
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 | |||
Signatory Details | |
| Name of signatory | HIMANSHU SANGAL |
| Designation of person | Managing Director |
| Place | MAWANA |
| Date | 05-10-2023 |