General information about company | |
| Scrip code | 523232 |
| Name of the entity | CONTINENTAL PETROLEUMS LIMITED |
| Date of start of financial year | 01-04-2017 |
| Date of end of financial year | 31-03-2018 |
| Reporting Quarter | Quarterly |
| Date of Report | 30-06-2017 |
| 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 | Textual Information(1) | |||||||||||||
| Is there any change in information of board of directors compare to previous quarter | ||||||||||||||
| 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 | Tenure of director (in months) | No of Directorship in listed entities including this listed entity (Refer Regulation 25(1) of Listing Regulations) | 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 |
| 1 | Mr | MADAN LAL KHANDELWAL | ABQPK1533K | 00414717 | Executive Director | Chairperson | MD | 01-04-2010 | 2 | 0 | 0 | Textual Information(2) | ||
| 2 | Mr | RAM NATH KAROL | ACBPK6413E | 00414741 | Non-Executive - Independent Director | Not Applicable | 28-01-2004 | 161 | 1 | 3 | 2 | Textual Information(3) | ||
| 3 | Mr | GOVERDHAN DASS SETHI | AFEPS6086D | 01216222 | Non-Executive - Independent Director | Not Applicable | 29-09-2007 | 117 | 1 | 3 | 0 | Textual Information(4) | ||
| 4 | Mrs | RADHIKA KHANDELWAL | ACWPK8541N | 00414678 | Non-Executive - Non Independent Director | Not Applicable | 13-11-2010 | 1 | 3 | 1 | Textual Information(5) | |||
Text Block | |
| Textual Information(1) | PARTICULARS OF DIRECTORS: 01. Mr. MADAN LAL KHANDELWAL IS EXECUTIVE DIRECTOR, MANAGING DIRECTOR CUM CHAIRMAN OF THE COMPANY. 02. Mr. RAM NATH KAROL IS INDEPENDENT NON- EXECUTIVE DIRECTOR 03. Mr. GOVERDHAN DASS SETHI IS INDEPENDENT DIRECTOR 04. Mrs. RADHIKA KHANDELWAL IS NON EXECUTIVE DIRECTOR CUM NON INDEPENDENT DIRECTOR 05. Mr. VIKRANT KHANDELWAL IS CHIEF FINANCIAL OFFICER. |
| Textual Information(2) | MADAN LAL KHANDELWAL IS A EXICUTIVE DIRECTOR, CHAIRPERSON, AND MANAGING DIRECTOR |
| Textual Information(3) | HE IS A NON EXECUTIVE AND INDEPENDENT DIRECTOR AND CHAIRPERSON OF AUDIT COMMITTEE AND SHARES TRANSFER COMMITTEE HE IS ALSO MEMBERS OF NOMINATION AND REMUNERATION COMMITTEE AND STAKE HOLDER COMMITTEE |
| Textual Information(4) | HE IS A NON EXECUTIVE AND INDEPENDENT DIRECTOR AND HE IS A MEMBERS OF AUDIT COMMITTEE, STAKE HOLDER COMMITTEE , NOMINATION AND REMUNERATION COMMITTEE AND SHARES TRANSFER COMMITTEE.
|
| Textual Information(5) | SHE IS A NON EXECUTIVE NON INDEPENDENT DIRECTOR AND SHE IS SHE IS ALSO A CHAIRPERSON IN A STAKE HOLDER COMMITTEE AND SHE IS MEMBERS OF AUDIT COMMITTEE, NOMINATION AND REMUNERATIN COMMITTEE AND SHARES TRANSFER COMMITTEE |
Annexure 1 | |||||
II. Composition of Committees | |||||
| Disclosure of notes on composition of committees explanatory | Textual Information(1) | ||||
| Is there any change in information of committees compare to previous quarter | |||||
| Sr | Name Of Committee | Name of Committee members | Category 1 of directors | Category 2 of directors | Name of other committee |
| 1 | Audit Committee | RAM NATH KAROL | Non-Executive - Independent Director | Chairperson | |
| 2 | Audit Committee | GOVERDHAN DASS SETHI | Non-Executive - Independent Director | Member | |
| 3 | Audit Committee | RADHIKA KHANDELWAL | Non-Executive - Non Independent Director | Member | |
| 4 | Nomination and remuneration committee | RAM NATH KAROL | Non-Executive - Independent Director | Chairperson | |
| 5 | Nomination and remuneration committee | GOVERDHAN DASS SETHI | Non-Executive - Independent Director | Member | |
| 6 | Nomination and remuneration committee | RADHIKA KHANDELWAL | Non-Executive - Non Independent Director | Member | |
| 7 | Stakeholders Relationship Committee | RADHIKA KHANDELWAL | Non-Executive - Non Independent Director | Chairperson | |
| 8 | Stakeholders Relationship Committee | GOVERDHAN DASS SETH | Non-Executive - Independent Director | Member | |
| 9 | Stakeholders Relationship Committee | RAM NATH KAROL | Non-Executive - Independent Director | Member | |
| 10 | Other Committee | RADHIKA KHANDELWAL | Non-Executive - Non Independent Director | Member | SHARE TRANSFER COMMITTEE |
Annexure 1 | |||||
II. Composition of Committees | |||||
| Sr | Name Of Committee | Name of Committee members | Category 1 of directors | Category 2 of directors | Name of other committee |
| 11 | Other Committee | GOVERDHAN DASS SETHI | Non-Executive - Independent Director | Member | SHARE TRANSFER COMMITTEE |
| 12 | Other Committee | RAM NATH KAROL | Non-Executive - Independent Director | Chairperson | SHARE TRANSFER COMMITTEE |
Text Block | |
| Textual Information(1) | PARTICULARS OF AUDIT COMMITTEE:
01. Mr. Ram Nath Karol is an Non-Executive-Independent Director He is also the Chairman of the Audit Committee
02. Mr. Goverdhan Dass Sethi is an Non-Executive-Independent Director He is also the member of Audit Committee
03. Mrs. Radhika Khandelwal is Non-Executive-Non Independent Director She is also the member of the Audit Committee
PARTICULARS OF NOMINATION AND REMUNERATION COMMITTEE:
01. Mr. Ram Nath Karol is an Non-Executive-Independent Director He is also the Chairman of the Nomination and Remuneration Committee
02. Mr. Goverdhan Dass Sethi is an Non-Executive-Independent Director He is also the member of Nomination and Remuneration Committee
03. Mrs. Radhika Khandelwal is Non-Executive-Non Independent Director She is also the member of the Nomination and Remuneration Committee
PARTICULARS OF STAKEHOLDERS RELATIONSHIP COMMITTEE:
01. Mrs. Radhika Khandelwal is Non-Executive-Non Independent Director She is also the Chairperson of the Stakeholders Relationship Committee
02. Mr. Ram Nath Karol is an Non-Executive-Independent Director He is also the member of the Stakeholders Relationship Committee
03. Mr. Goverdhan Dass Sethi is an Non-Executive-Independent Director He is also the member of Stakeholders Relationship Committee
ABOUT SHARE TRANSFER COMMITTEE: DETAILS OF SHARE TRANSFER COMMITTEE: This is hereby to inform you that, Company at its Board Mereting which was duly held at 04.04.2017 at its Registered Address of the Company, decided to constitute the Share Transfer Committee, a Committee of Members named Share Transfer Committee, consisting of Shri. Ram Nath Karol, Shri. Goverdhan Dass Sethi, and Smt. Radhika Khandelwal be and is hereby constituted to approve of registration of transfer of shares received by the company and to carry out the following:- 1. To approve transfer/transmission of shares both in physical and electronic form. 2. To sub-divide, consolidate and issue share certificates as recommended by Registrar and Share Transfer agent. 3. To authorize affixation of common seal of the company. 4. To issue Share Certificates in place of those which are damaged or in which the pages are completely exhausted provided the original certificates are surrendered to the company as recommended by Registrar and Share Transfer agent
PARTICULARS OF SHARES TRANSFER COMMITTEE :
01. Mr. Ram Nath Karol is an Non-Executive-Independent Director He is also the Chairperson and member of the Stakeholders Relationship Committee
02 Mrs. Radhika Khandelwal is Non-Executive-Non Independent Director She is also the Chairperson of the Stakeholders Relationship Committee
03. Mr. Goverdhan Dass Sethi is an Non-Executive-Independent Director He is also the member of Stakeholders Relationship Committee |
Annexure 1 | |||
Annexure 1 | |||
III. Meeting of Board of Directors | |||
| Disclosure of notes on meeting of board of directors explanatory | Textual Information(1) | ||
| 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 | 09-01-2017 | ||
| 2 | 14-02-2017 | 35 | |
| 3 | 22-03-2017 | 35 | |
| 4 | 04-04-2017 | 12 | |
| 5 | 05-04-2017 | 0 | |
| 6 | 30-05-2017 | 54 | |
Text Block | |
| Textual Information(1) | DETAILS OF BOARD MEETING
01. BOARD MEETING ON 09.01.2017
The Board at its meeting has decided to avail the Corporate Internet Banking Services Over Internet Channel with Stete Bank of India at their various branches and the company accepts such Terms of service for Corpoarte Internet Banking laid down by SBI from time to time for that purpose.
02. BOARD MEETING ON 14.02.2017
The Board at its meeting has considered the following below mentioned business: a) Confirm and approve the minutes of previous Board Meeting b) Confirm and approve the minutes of previous Audit Committee Meeting c) Consider and approve the Standalone Un-audited financial Results for the December Quarter along with Limited Review Report of Auditor d) To approve the appointment of M/S MKGP & Associates, Practicing company Secretary as secretarial Auditor of the Company for the Financial Year 2016-17 To take the notes on the shareholding Patteren for the December quarter 2016
03. BOARD MEETING ON 22.03.2017
The Board at its meeting, accorded the consent of Board for applying to the Service tax registration Authority for making amendments in the existing Service Tax Registration for addition of new premises.
04. BOARD MEETING ON 04.04.2017
The board at its meeting had discuss the performance of the Company. Beside this, Board has also took the Disclosure of Directors Interest under Section 184 of the Companies Act, 2013 for the Financial year 2017-18
05. BOARD MEETING ON 05.04.2017
The board at its meeting accorded its consent for the purpose of extending the business operations of the Company they decided to take on rent the premises situated at, House no. 22A/2, Haldighati Marg, Pratap nagar, Jaipur, Rajasthan.
06. BOARD MEETING ON 30.05.2017
The Board at its meeting, has considered the below mentioned business: a) Approve and Confirm the previous Board Meeting Minutes b) Consider and Approve the proceedings of Audit Committee c) Confirm and Approve the minutes of previous meeting of Stakeholder Relationship, Audit committee and Nomination and Remunneration Committee d) consider and Approval of Adited Financial Statements for the Year and Quarter ended on 31st March, 2017 e) consider and take on records the Corporate Governance Report for the quarter ended 31st March, 2017 f) Consider and take on records the Shareholding pattern for the quarter ended 31st March, 2017 g) Consider and Approve the Appointment of Secretarial Auditor for the Financial Year 2017-18 h) Consider and Approve the Appointment of Internal Auditor for the Financial Year 2017-18 i) Consider, Approve and take on records the proceedings of Share Transfer Committee
|
Annexure 1 | |||||||
IV. Meeting of Committees | |||||||
| Disclosure of notes on meeting of committees explanatory | Textual Information(1) | ||||||
| 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) | Name of other committee |
| 1 | Audit Committee | 30-05-2017 | Yes | MR. RAM NATH KAROL,MR GOVERDHAN DASS SETHI,MRS.RADHIKAKHANDELWAL | 14-02-2017 | 104 | |
| 2 | Other Committee | 24-04-2017 | Yes | MR. RAM NATH KAROL,MR GOVERDHAN DASS SETHI,MRS.RADHIKAKHANDELWAL | 0 | SHARES TRANSFER COMMITTEE | |
| 3 | Other Committee | 08-05-2017 | Yes | MR. RAM NATH KAROL,MR GOVERDHAN DASS SETHI,MRS.RADHIKAKHANDELWAL | 5 | SHARES TRANSFER COMMITTEE | |
| 4 | Other Committee | 17-05-2017 | Yes | MR. RAM NATH KAROL,MR GOVERDHAN DASS SETHI,MRS.RADHIKAKHANDELWAL | 13 | SHARES TRANSFER COMMITTEE | |
| 5 | Other Committee | 23-05-2017 | Yes | MR. RAM NATH KAROL,MR GOVERDHAN DASS SETHI,MRS.RADHIKAKHANDELWAL | 5 | SHARES TRANSFER COMMITTEE | |
| 6 | Other Committee | 06-06-2017 | Yes | MR. RAM NATH KAROL,MR GOVERDHAN DASS SETHI,MRS.RADHIKAKHANDELWAL | 13 | SHARES TRANSFER COMMITTEE | |
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) | Name of other committee |
| 7 | Other Committee | 30-06-2017 | Yes | MR. RAM NATH KAROL,MR GOVERDHAN DASS SETHI,MRS.RADHIKAKHANDELWAL | 23 | SHARES TRANSFER COMMITTEE | |
Text Block | |
| Textual Information(1) | DETAILS OF AUDIT COMMITTEE MEETING: Audit Committee meeting was held on 30-05-2017, To Consider, Approve and take on records the Audited Financial Results for the quarter and year ended as on 31st March, 2017 along withReport of Auditor of the company for the year ended on 31st March,2017 DETAILS OF NOMINATION AND REMUNERATION COMMITTEE MEETING: Nomination and Remuneration Committee meeting was not held during the quarter DETAILS OF SHARE TRANSFER COMMITTEE: This is hereby to inform you that, Company at its Board Mereting which was duly held at 04.04.2017 at its Registered Address of the Company, decided to constitute the Share Transfer Committee, a Committee of Members named Share Transfer Committee, consisting of Shri. Ram Nath Karol, Shri. Goverdhan Dass Sethi, and Smt. Radhika Khandelwal be and is hereby constituted to approve of registration of transfer of shares received by the company and to carry out the following:- 1. To approve transfer/transmission of shares both in physical and electronic form. 2. To sub-divide, consolidate and issue share certificates as recommended by Registrar and Share Transfer agent. 3. To authorize affixation of common seal of the company. 4. To issue Share Certificates in place of those which are damaged or in which the pages are completely exhausted provided the original certificates are surrendered to the company as recommended by Registrar and Share Transfer agent DETAILS OF SHARE TRANSFER COMMITTEE MEETING: 01. Meeting on 24.04.2017, for the approval and consideration of Share Transfer Request Received for the transfer of 150 Equity Shares. 02. Meeting on 08.05.2017, for the approval and consideration of Share Transfer Request Received for the Transfer of 650 Equity shares. 03. Meeting on 17.05.2017, for the approval and consideration of Share Transfer Request Received for the inter se transfer and other Transfer of 396713 Equity shares. 04. Meeting on 23.05.2017, for the approval and consideration of Share Transfer Request Received for the Transfer of 450 Equity shares. 05. Meeting on 06.06.2017, for the approval and consideration of Share Transfer Request Received for the Transfer of 200 Equity shares. 06. Meeting on 30.06.2017, for the approval and consideration of Share Transfer Request Received for the Transfer of 100 Equity shares. |
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 on related party transactions | Textual Information(1) | ||
| Disclosure of notes of material transaction with related party | Textual Information(2) | ||
Text Block | |
| Textual Information(1) | THERE ARE SOME RELATED PARTY TRANSACTIONS TAKES PLACE DURING THE QUARTER OF APRIL TO JUNE: 1. REMUNERATION PAYBLE TO MADAN LAL KHANDELWAL (MANAGING DIRECTOR) Rs. 3,00,000/- 2. REMUNERATION PAYBLE TO NAVNEET KHANDELWAL Rs. 2,25,000/- 3. RENT PAYBLE TO NAVNEET KHANDELWAL Rs. 72 000/- 4. REMUNERATION PAYBLE TO VIKRANT KHANDEL (CFO) WAL Rs. 1,95,000/- 5. HAVING SALE AND PURCHASE TRANSACTION WITH UNIQUE TECHNO ASSOCIATES PVT. LTD. Rs. 52,99,192/- |
| Textual Information(2) | THERE ARE SOME RELATED PARTY TRANSACTIONS TAKES PLACE DURING THE QUARTER OF APRIL TO JUNE: 1. REMUNERATION PAYBLE TO MADAN LAL KHANDELWAL (MANAGING DIRECTOR) Rs. 3,00,000/- 2. REMUNERATION PAYBLE TO NAVNEET KHANDELWAL Rs. 2,25,000/- 3. RENT PAYBLE TO NAVNEET KHANDELWAL Rs. 72 000/- 4. REMUNERATION PAYBLE TO VIKRANT KHANDEL (CFO) WAL Rs. 1,95,000/- 5. HAVING SALE AND PURCHASE TRANSACTION WITH UNIQUE TECHNO ASSOCIATES PVT. LTD. Rs. 52,99,192/- |
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 | |
| 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) | |
Text Block | |
| Textual Information(1) | There is no comments/observations/advices of Board of Directors are there |
Signatory Details | |
| Name of signatory | MADAN LAL KHANDELWAL |
| Designation of person | Managing Director |
| Place | JAIPUR |
| Date | 13-07-2017 |