General information about company | |
| Scrip code | 506390 |
| NSE Symbol | HEUBACHIND |
| MSEI Symbol | NOTLISTED |
| ISIN | INE492A01029 |
| Name of the entity | Heubach India Colorants 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 | Applicable |
| Market Capitalisation as per immediate previous Financial Year | Top 2000 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 | Textual Information(1) | ||||||||||||||||||||||||
| Whether the listed entity has a Regular Chairperson | No | ||||||||||||||||||||||||
| 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 | Kewal Handa | AAAPH3516N | 00056826 | Non-Executive - Independent Director | Not Applicable | 22-08-1952 | ||||||||||||||||||
| 2 | Mrs | Dr. Indu Shahani | AKAPS6585N | 00112289 | Non-Executive - Independent Director | Not Applicable | 17-07-1951 | ||||||||||||||||||
| 3 | Mr | Sunirmal Talukdar | ABNPT6999B | 00920608 | Non-Executive - Independent Director | Not Applicable | 06-12-1951 | ||||||||||||||||||
| 4 | Mr | Bharath R Sesha | BCJPS6038J | 01983066 | Executive Director | Not Applicable | MD | 18-05-1972 | |||||||||||||||||
| 5 | Mr | Ravi Kapoor | AAFPK0850K | 01761752 | Non-Executive - Non Independent Director | Chairperson | 07-02-1961 | ||||||||||||||||||
| 6 | Mr | Jugal Sahu | ABXPS2669B | 02629782 | Executive Director | Not Applicable | 10-02-1972 | ||||||||||||||||||
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 | |||||||||||||||||||||||
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 | 05-11-2015 | 01-04-2021 | 60 | 3 | 3 | 3 | 0 | |||||||||||||||||
| 2 | NA | 16-07-2013 | 01-04-2019 | 60 | 4 | 4 | 5 | 1 | |||||||||||||||||
| 3 | NA | 05-11-2015 | 01-04-2021 | 60 | 5 | 2 | 2 | 3 | |||||||||||||||||
| 4 | NA | 23-04-2022 | 10-06-2022 | 36 | 1 | 0 | 2 | 0 | |||||||||||||||||
| 5 | NA | 23-04-2022 | 10-06-2022 | 26-09-2023 | 0 | 1 | 0 | 0 | 0 | ||||||||||||||||
| 6 | NA | 03-02-2023 | 24-03-2023 | 36 | 1 | 0 | 0 | 0 | |||||||||||||||||
Text Block | |
| Textual Information(1) | The Resolution for re-appointment of Mr. Ravi Kapoor, who was liable to retire by rotation, was not passed with requisite majority at the 66th Annual General Meeting of the Company.
Consequently,
he ceased to be the Director and Chairman of the Company w.e.f. September 26, 2023.
The Company is in the process of complying with the provisions of Regulation 17 of the SEBI (LODR) Regulations, 2015 . |
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 | 00920608 | Sunirmal Talukdar | Non-Executive - Independent Director | Chairperson | 05-11-2015 | ||
| 2 | 00056826 | Kewal Handa | Non-Executive - Independent Director | Member | 05-11-2015 | ||
| 3 | 00112289 | Dr. Indu Shahani | Non-Executive - Independent Director | Member | 16-07-2013 | ||
| 4 | 01983066 | Bharath R Sesha | Executive Director | Member | 23-04-2022 | ||
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 | 00920608 | Sunirmal Talukdar | Non-Executive - Independent Director | Chairperson | 05-11-2015 | ||
| 2 | 00056826 | Kewal Handa | Non-Executive - Independent Director | Member | 05-11-2015 | ||
| 3 | 01761752 | Ravi Kapoor | Non-Executive - Non Independent Director | Member | 23-04-2022 | 26-09-2023 | Textual Information(1) |
Sr Text Block | |
| Textual Information(1) | The Resolution for re-appointment of Mr. Ravi Kapoor, who was liable to retire by rotation, was not passed with requisite majority at the 66th Annual General Meeting of the Company. Consequently, he ceased to be the Director and Chairman of the Company w.e.f. September 26, 2023. The Company is in the process of complying with the provisions of Regulation 17 of the SEBI (LODR) Regulations, 2015 . The Board vide a circular resolution passed on October 15, 2023, appointed Dr. (Mrs.) Indu Shahani, Non-Executive Independent Director of the Company as member of the Nomination and Remuneration Committtee in order to comly with the provisions of Regulation 19 of SEBI (Listing Obligation and Discloure Requirements) Regulations, 2015. |
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 | 00112289 | Dr. Indu Shahani | Non-Executive - Independent Director | Chairperson | 16-07-2013 | ||
| 2 | 00920608 | Sunirmal Talukdar | Non-Executive - Independent Director | Member | 23-05-2017 | ||
| 3 | 01983066 | Bharath R Sesha | Executive Director | Member | 23-04-2022 | ||
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 | 00920608 | Sunirmal Talukdar | Non-Executive - Independent Director | Chairperson | 19-05-2021 | ||
| 2 | 01983066 | Bharath R Sesha | Executive Director | Member | 23-04-2022 | ||
| 3 | 02629782 | Jugal Sahu | Executive Director | Member | 09-11-2022 | ||
| 4 | 99999999 | Abhijit Doshi | Head of site Roha, Operations Roha | Member | 29-03-2023 | Textual Information(1) | |
Sr Text Block | |
| Textual Information(1) | Mr. Abhijit Doshi, Head of site Roha, Operations Roha was appointed as member of the Risk Management Committee w.e.f March 29, 2023 |
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 | 00112289 | Dr. Indu Shahani | Non-Executive - Independent Director | Chairperson | 01-04-2014 | ||
| 2 | 00056826 | Kewal Handa | Non-Executive - Independent Director | Member | 23-05-2017 | ||
| 3 | 01983066 | Bharath R Sesha | Executive Director | Member | 23-04-2022 | ||
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 | 16-05-2023 | Yes | 6 | 6 | 3 | |||
| 2 | 25-07-2023 | 69 | Yes | 6 | 6 | 3 | ||
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 | 16-05-2023 | Yes | 4 | 4 | 3 | 0 | |||
| 2 | Audit Committee | 25-07-2023 | 69 | Yes | 4 | 4 | 3 | 0 | ||
| 3 | Stakeholders Relationship Committee | 16-05-2023 | Yes | 3 | 3 | 2 | 0 | |||
| 4 | Stakeholders Relationship Committee | 25-07-2023 | 69 | Yes | 3 | 3 | 2 | 0 | ||
| 5 | Nomination and remuneration committee | 07-06-2023 | Yes | 3 | 2 | 2 | 0 | |||
| 6 | Nomination and remuneration committee | 25-07-2023 | 47 | Yes | 3 | 3 | 2 | 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 | 16-05-2023 | Yes | 3 | 3 | 2 | 0 | |||
| 8 | Corporate Social Responsibility Committee | 25-07-2023 | 69 | Yes | 3 | 3 | 2 | 0 | ||
| 9 | Risk Management Committee | 16-05-2023 | Yes | 3 | 3 | 1 | 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 | Yes | |
| 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 | |
| Disclosure of notes of material transaction with related party | Textual Information(1) | ||
Text Block | |
| Textual Information(1) | The Company has entered into material related party transaction for sale of finished goods with Heubach Colorants Singapore Pte. Limited, a related party, during the period July 1, 2023 to September 30, 2023 amounting to Rs. 5754.40 Lakhs. |
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 | No | |
| 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 | No | |
| 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 | |
| 9 | Any comments/observations/advice of Board of Directors may be mentioned here: | Textual Information(1) | |
Annexure 1 | ||
| Sr | Subject | Compliance status |
| 1 | Name of signatory | Amee Joshi |
| 2 | Designation | Company Secretary and Compliance Officer |
Text Block | |
| Textual Information(1) | The Resolution for re-appointment of Mr. Ravi Kapoor, who was liable to retire by rotation, was not passed with requisite majority at the 66th Annual General Meeting of the Company. Consequently, he ceased to be the Director and Chairman of the Company w.e.f. September 26, 2023. The Company is in the process of complying with the provisions of Regulation 17 of the SEBI (LODR) Regulations, 2015 . The Board vide a circular resolution passed on October 15, 2023, appointed Dr. (Mrs.) Indu Shahani, Non-Executive Independent Director of the Company as member of the Nomination and Remuneration Committtee in order to comly with the provisions of Regulation 19 of SEBI (Listing Obligation and Discloure Requirements) Regulations, 2015. |
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) | Yes | |
| 3 | Presence of Chairperson of the nomination and remuneration committee at the annual general meeting | 19(3) | Yes | |
| 4 | Presence of Chairperson of the Stakeholder Relationship committee at the annual general meeting | 20(3) | Yes | |
| 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 | Amee Joshi |
| 2 | Designation | Company Secretary and Compliance Officer |
Additional Half yearly Disclosure | |||||||
| Applicability of disclosure | Not Applicable | ||||||
| Reason for Non Applicability | Textual Information(1) | ||||||
Text Block | |
| Textual Information(1) | Disclosures related to any Loan/Guarantee/ comfort letters/securities is not applicable to the Company. |
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 | Amee Joshi |
| Designation of person | Company Secretary and Compliance Officer |
| Place | Navi Mumbai |
| Date | 16-10-2023 |