General information about company

Scrip code 532026
Name of the entity WESTERN INDIA COTTONS LTD
Date of start of financial year 01-04-2015
Date of end of financial year 31-03-2016
Reporting Quarter Yearly
Date of Report 31-03-2016
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 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 No of Directorship in listed entities including this listed entity Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity Notes
1 Mr P.K.Shameem AJAPS9026P 01218800 Non-Executive – Independent Director Chairperson 08-09-2014 08-09-2017 60 1 2 0
2 Mr R.Somnath Nair AABPN7854N 00860125 Non-Executive – Independent Director Not Applicable 18-08-2014 18-08-2019 60 0 1 1
3 Mr A Ramachandra Shetty AVXPS8464N 01215461 Non-Executive – Independent Director Not Applicable 18-08-2014 18-08-2019 60 0 1 1
4 Mr A.K.Shereif AJAPS4377D 02368732 Non-Executive – Non Independent Director Not Applicable 18-08-2014 18-08-2019 0 1 0
5 Mr T.T.P.Mahamood AEHPM2858R 00411005 Non-Executive – Non Independent Director Not Applicable 17-08-2014 17-08-2016 0 1 0
6 Mrs Nadeera Shameem AAWPN6742L 07138353 Non-Executive – Non Independent Director Not Applicable 31-03-2015 31-03-2017 0 0 0

 

Annexure 1

II. Composition of Committees

Is there any change in composition 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 Audit Committee R.Somnath Nair Non-Executive – Independent Director Chairperson
2 Audit Committee P.K.Shameem Executive Director Member
3 Audit Committee A Ramachandra Shetty Non-Executive – Independent Director Member
4 Nomination and remuneration committee A Ramachandra Shetty Non-Executive – Independent Director Chairperson
5 Nomination and remuneration committee R.Somnath Nair Non-Executive – Independent Director Member
6 Nomination and remuneration committee A.K.Shereif Non-Executive – Non Independent Director Member
7 Stakeholders Relationship Committee A Ramachandra Shetty Non-Executive – Independent Director Chairperson
8 Stakeholders Relationship Committee P.K.Shameem Executive Director Member
9 Stakeholders Relationship Committee T.T.P.Mahamood Non-Executive – Non Independent Director Member

 

Annexure 1

Annexure 1

III. Meeting of Board of Directors

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 14-11-2015
2 25-01-2016 72

 

Annexure 1

IV. Meeting of Committees

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)
1 Audit Committee 25-01-2016 Yes 14-11-2015 72

 

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

 

Annexure II

Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)

I. Disclosure on website in terms of Listing Regulations

Sr Item Compliance status (Yes/No/NA) If status is “No” details of non-compliance may be given here. Web address
1 Details of business Yes www.westernindiacottons.com
2 Terms and conditions of appointment of independent directors Yes www.westernindiacottons.com
3 Composition of various committees of board of directors Yes www.westernindiacottons.com
4 Code of conduct of board of directors and senior management personnel Yes www.westernindiacottons.com
5 Details of establishment of vigil mechanism/ Whistle Blower policy Yes www.westernindiacottons.com
6 Criteria of making payments to non-executive directors Yes www.westernindiacottons.com
7 Policy on dealing with related party transactions Yes www.westernindiacottons.com
8 Policy for determining ‘material’ subsidiaries NA
9 Details of familiarization programmes imparted to independent directors Yes www.westernindiacottons.com
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes www.westernindiacottons.com
11 email address for grievance redressal and other relevant details Yes www.westernindiacottons.com
12 Financial results Yes www.westernindiacottons.com
13 Shareholding pattern Yes www.westernindiacottons.com
14 Details of agreements entered into with the media companies and/or their associates NA
15 New name and the old name of the listed entity NA

 

Annexure II

II. Annual Affirmations

Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is “No” details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of ‘independence’ and/or ‘eligibility’ 16(1)(b) & 25(6) Yes
2 Board composition 17(1) Yes
3 Meeting of Board of directors 17(2) Yes
4 Review of Compliance Reports 17(3) Yes
5 Plans for orderly succession for appointments 17(4) Yes
6 Code of Conduct 17(5) Yes
7 Fees/compensation 17(6) Yes
8 Minimum Information 17(7) Yes
9 Compliance Certificate 17(8) Yes
10 Risk Assessment & Management 17(9) NA
11 Performance Evaluation of Independent Directors 17(10) Yes
12 Composition of Audit Committee 18(1) Yes
13 Meeting of Audit Committee 18(2) Yes
14 Composition of nomination & remuneration committee 19(1) & (2) Yes
15 Composition of Stakeholder Relationship Committee 20(1) & (2) Yes
16 Composition and role of risk management committee 21(1),(2),(3),(4) NA
17 Vigil Mechanism 22 Yes
18 Policy for related party Transaction 23(1),(5),(6),(7) & (8) NA
19 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) NA
20 Approval for material related party transactions 23(4) NA
21 Composition of Board of Directors of unlisted material Subsidiary 24(1) NA
22 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) NA
23 Maximum Directorship & Tenure 25(1) & (2) Yes
24 Meeting of independent directors 25(3) & (4) Yes
25 Familiarization of independent directors 25(7) Yes
26 Memberships in Committees 26(1) Yes
27 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
28 Disclosure of Shareholding by Non-Executive Directors 26(4) Yes
29 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
Any other information to be provided – Add Notes

 

Annexure II

III. Affirmations

1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied NA
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied NA

 

Signatory Details

Name of signatory SUNEED HASHIR
Designation of person Compliance Officer
Place CANNANORE
Date 31-03-2016