General information about company | |
| Scrip code | 523232 |
| Name of the entity | CONTINENTAL PETROLEUMS LIMITED |
| Date of start of financial year | 01-04-2016 |
| Date of end of financial year | 31-03-2017 |
| Reporting Quarter | Half Yearly |
| Date of Report | 30-09-2016 |
| 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 | Textual Information(1) | |||||||||||||
| Is there any change in information of board of directors compare to previous quarter | 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 | 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 | 152 | 1 | 2 | 1 | Textual Information(3) | ||
| 3 | Mr | GOVERDHAN DASS SETHI | AFEPS6086D | 01216222 | Non-Executive - Independent Director | Not Applicable | 29-09-2007 | 108 | 1 | 2 | 0 | Textual Information(4) | ||
| 4 | Mrs | RADHIKA KHANDELWAL | ACWPK8541N | 00414678 | Non-Executive - Non Independent Director | Not Applicable | 13-11-2010 | 1 | 2 | 1 | Textual Information(5) | |||
Text Block | |
| Textual Information(1) | PARTICULARS OF DIRECTORS: |
| Textual Information(2) | MADAN LAL KHANDELWAL IS AN EXECUTIVE DIRECTOR, CHAIRMAN AND MANAGING DIRECTOR. |
| Textual Information(3) | HE IS INDEPENDENT DIRECTOR OF THE COMPANY AND CHAIRMAN OF AUDIT COMMITEE AND NOMINATION AND REMUNERATION COMMITTEE. |
| Textual Information(4) | HE IS NON EXECUTIVE INDEPENDENT DIRECTOR. HE IS ALSO THE CHAIRPERSON OF NOMINATION AND REMUNERATION COMMITTEE. |
| Textual Information(5) | SHE IS NON EXECUTIVE NON INDEPENDENT DIRECTOR. SHE IS ALSO THE CHAIRPERSON OF STAKEHOLDER RELATIONSHIP 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 | Yes | ||||
| Sr | Name Of Committee | Name of Committee members | Category 1 of directors | Category 2 of directors | Name of other committee |
| 1 | Audit Committee | Mr. RAM NATH KAROL | Non-Executive - Independent Director | Chairperson | |
| 2 | Audit Committee | Mr. GOVERDHAN DASS SETHI | Non-Executive - Independent Director | Member | |
| 3 | Audit Committee | Mrs. RADHIKA KHANDELWAL | Non-Executive - Non Independent Director | Member | |
| 4 | Nomination and remuneration committee | Mr. RAM NATH KAROL | Non-Executive - Independent Director | Chairperson | |
| 5 | Nomination and remuneration committee | Mr. GOVERDHAN DASS SETHI | Non-Executive - Independent Director | Member | |
| 6 | Nomination and remuneration committee | Mrs. RADHIKA KHANDELWAL | Non-Executive - Non Independent Director | Member | |
| 7 | Stakeholders Relationship Committee | Mrs. RADHIKA KHANDELWAL | Non-Executive - Non Independent Director | Chairperson | |
| 8 | Stakeholders Relationship Committee | Mr. RAM NATH KAROL | Non-Executive - Independent Director | Member | |
| 9 | Stakeholders Relationship Committee | Mr. GOVERDHAN DASS SETHI | Non-Executive - Independent Director | Member | |
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
|
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 | 16-05-2016 | ||
| 2 | 17-05-2016 | 0 | |
| 3 | 30-05-2016 | 12 | |
| 4 | 13-08-2016 | 74 | |
| 5 | 24-08-2016 | 10 | |
| 6 | 27-08-2016 | 2 | |
Text Block | |
| Textual Information(1) | DETAILS OF BOARD MEETING:
01. Board Meeting on 16-05-2016, for deciding the performance of the Company and to take the note of Disclosure of Directors
02. Board Meeting on 17-05-2016, in this meeting Board approved the appointment of Balvinder Singh Guleri as Company Secretary of the Company.
03. Board Meeting on 30-05-2016, Board has consider, approve and took on record the Audited Financial Results for the quarter and year ended March 31, 2016
04. Board Meeting on 13-08-2016, to consider, approve and take on records the Un-audited Financial Results along with the Limited Review Report of Auditor of the Company for the first quarter ended on June30, 2016
Further, Board if Directors also considered the appointment of Ajay Khandelwal as an Internal Auditor of the Comapny for the financial Year 2016-2017
05.Board meeting on 24-08-2016, the board has authorized Mr. Madan Lal Khandelwal (Managing Director) to take Class 3 Digital Signature with its own name on behalf of the Company for Import, export and Tender purpose to do all things and file application deeds and things
06. Board Meeting on 27-08-2016, to took on records and approve the notice of Annual General Meeting |
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 | 13-08-2016 | Yes | Mr. RAM NATH KAROL, Mr. GOVERDHAN DASS SETHI, Mrs. RADHIKA KHANDELWAL | 30-05-2016 | 74 | |
Text Block | |
| Textual Information(1) | DETAILS OF AUDIT COMMITTEE:
Audit Committee meeting was held on 13-08-2016, to consider, approveand take on records the Un-audited Financial Results along with Limited Review Report of Auditor of the company for the first quarter ended on June 30, 2016
Nomination and Remuneration Committee meeting was not held during July to September quarter.
Stakeholders Relationship Committee meeting was not held during July to September quarter. |
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) | DETAILS OF RELATED PARTY TRANSACTIONS THERE ARE SOME RELATED PARTY TRANSACTIONS TAKES PLACE DURING THE QUARTER: 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 TRANSACTION WITH UNIQUE TECHNO ASSOCIATES PVT. LTD. Rs. 43,34,070/- |
| Textual Information(2) | DETAILS OF RELATED PARTY TRANSACTIONS THERE ARE SOME RELATED PARTY TRANSACTIONS TAKES PLACE DURING THE QUARTER: 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 TRANSACTION WITH UNIQUE TECHNO ASSOCIATES PVT. LTD. Rs. 43,34,070/- |
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. |
Annexure III | ||||
Annexure III to be submitted by listed entity at the end of 6 months after end of financial year along-with second quarter report of next financial year | ||||
I. Affirmations | ||||
| Sr | Broad heading | 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 | Whether “Corporate Governance Report” disclosed in Annual Report | 34(3) read with para C of Schedule V | Yes | |
| Any other information to be provided | Textual Information(1) | |||
Text Block | |||
| Textual Information(1) | NO OTHER INFORMATION IS THERE. | ||
Signatory Details | |
| Name of signatory | MADAN LAL KHANDELWAL |
| Designation of person | Managing Director |
| Place | JAIPUR |
| Date | 08-10-2016 |