MSEI Symbol | |
| Scrip code | 523232 |
| NSE Symbol | |
| MSEI Symbol | |
| ISIN | INE369D01015 |
| Name of the entity | CONTINENTAL PETROLEUMS LIMITED |
| Date of start of financial year | 01-04-2018 |
| Date of end of financial year | 31-03-2019 |
| Reporting Quarter | Quarterly |
| Date of Report | 30-06-2018 |
| 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 | |||||||||||||||
| 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 for not providing PAN | Notes for not providing DIN |
| 1 | Mr | MADAN LAL KHANDELWAL | ABQPK1533K | 00414717 | Executive Director | Chairperson | MD | 29-09-2014 | 45 | 2 | 0 | 0 | |||
| 2 | Mr | RAM NATH KAROL | ACBPK6413E | 00414741 | Non-Executive - Independent Director | Not Applicable | 29-09-2014 | 45 | 1 | 2 | 1 | ||||
| 3 | Mr | GOVERDHAN DASS SETHI | AFEPS6086D | 01216222 | Non-Executive - Independent Director | Not Applicable | 29-09-2014 | 45 | 1 | 2 | 0 | ||||
| 4 | Mrs | RADHIKA KHANDELWAL | ACWPK8541N | 00414678 | Non-Executive - Non Independent Director | Not Applicable | 30-08-2011 | 82 | 1 | 2 | 1 | ||||
Audit Committee Details | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Remarks | |
| 1 | 00414678 | RADHIKA KHANDELWAL | Non-Executive - Non Independent Director | Member | ||
| 2 | 00414741 | RAM NATH KAROL | Non-Executive - Independent Director | Chairperson | ||
| 3 | 01216222 | GOVERDHAN DASS SETHI | Non-Executive - Independent Director | Member | ||
Nomination and remuneration committee | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Remarks | |
| 1 | 00414678 | RADHIKA KHANDELWAL | Non-Executive - Non Independent Director | Member | ||
| 2 | 00414741 | RAM NATH KAROL | Non-Executive - Independent Director | Chairperson | ||
| 3 | 01216222 | GOVERDHAN DASS SETHI | Non-Executive - Independent Director | Member | ||
Stakeholders Relationship Committee | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Remarks | |
| 1 | 00414678 | RADHIKA KHANDELWAL | Non-Executive - Non Independent Director | Chairperson | ||
| 2 | 00414741 | RAM NATH KAROL | Non-Executive - Independent Director | Member | ||
| 3 | 01216222 | GOVERDHAN DASS SETHI | Non-Executive - Independent Director | Member | ||
Risk Management Committee | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Remarks | |
Corporate Social Responsibility Committee | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Remarks | |
Other Committee | ||||||
| Sr | DIN Number | Name of Committee members | Name of other committee | Category 1 of directors | Category 2 of directors | Remarks |
| 1 | 00414678 | RADHIKA KHANDELWAL | SHARE TRANSFER COMMITTEE | Non-Executive - Non Independent Director | Member | |
| 2 | 00414741 | RAM NATH KAROL | SHARE TRANSFER COMMITTEE | Non-Executive - Independent Director | Chairperson | |
| 3 | 01216222 | GOVERDHAN DASS SETHI | SHARE TRANSFER COMMITTEE | Non-Executive - Independent Director | Member | |
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 | 14-02-2018 | ||
| 2 | 24-02-2018 | 9 | |
| 3 | 29-05-2018 | 93 | |
| 4 | 30-06-2018 | 31 | |
Text Block | |
| Textual Information(1) | BOARD MEETING ON 14.02.2018
a) Approve and Confirm the previous Board Meeting Minutes dated 29-11-2017 b) Consider and Approve the minutes of previous meeting of Audit Committee held on 14th November, 2017 c) Consider the proceedings of Audit Committee held on 14.02.2018 d)Approve the Standalone Un-audited Financial Results for the Quarter ended on 31st December, 2017 along with the Limited Review Report of Auditor e) Take the notes on Corporate Governance Report for the Quarter ended 31st December, 2017 f)Take the notes on Shareholding pattern for Quarter ended 31st December, 2017
BOARD MEETING ON 24.02.2018
a) Approve and Confirm the previous Board Meeting Minutes dated 14-02-2018 b) Board has Consider and Approve Loan taken by the company from HDFC Bank (Ashok Marg, C-Scheme, Jaipur Rajasthan) for the purpose of enhancing the business operations of the company.
BOARD MEETING ON 29.05.2018
a) Approve and Confirm the previous Board Meeting Minutes held on 24-02-2018 b) Consider and approve the minutes of previous meeting of Audit Committee held on 14.02.2018 b) Consider the proceedings of the meeting of Audit Committee members held on 29.05.2018 c) Take note on Disclosure of Interest by Directors Under Section 184 of the Companies Act, 2013d) Take the note on Disqualification of Directors e) Consider and Approve the Audited Financial Results for the Fourth Quarter and Financial Year ended on 31st March, 2018 f) Take note of Corporate Governance Report for the quarter ended 31st March, 2018 g) Take note of Shareholding pattern as per Regulation 31 for the quarter ended 31st March, 2018
BOARD MEETING ON 30.06.2018
a) Approve and Confirm the previous Board Meeting Minutes held on 29.05.2018 b) Consider and approve the minutes of the meeting of Nomination and Remuneration Committee members held on 23.06.2018 c) Consider and approve the minutes of previous meeting of Audit Committee held on 29.05.2018 c) Accept and take note of the resignation of Mr. Balvinder Singh Guleri as Company Secretary and Compliance Officer of the Company d) Appointment of Ms. Sonali Jain as Company Secretary and Compliance Officer of the Company |
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 | 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 | 29-05-2018 | Yes | 14-02-2018 | 103 | ||
| 2 | Other Committee | Yes | 31-03-2018 | SHARE TRANSFER COMMITTEE | |||
| 3 | Nomination and remuneration committee | 23-06-2018 | Yes | ||||
Text Block | |
| Textual Information(1) | AUDIT COMMITTEE MEETING on 29.05.2018
a) Consider and Approve the audited financial results for the quarter and the year ended on 31st March, 2018 along with the report of Auditor.
AUDIT COMMITTEE MEETING on 14.02.2018
a) Consider and Approve and take on records the un-audited financial results of the Company for the Quarter to be ended on 31st December, 2018 together with the Limited Review Report of Auditor.
SHARE TRANSFER COMMITTEE on 31.03.2018
Consider and approve the transfer of 750 Equity Shares of the Company
NOMINATION AND REMUNERATION COMMITTEE on 23.06.2018
Recommendation of Company Secretary and Compliance officer for appointment |
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 | NA | |
| 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 made during the First Quarter of FY 2018-19 ended on June 30, 2018:
1. Remuneration payable to Madan Lal Khandelwal (Managing Director) Rs. 3,00,000 /- 2. Remuneration payable to Navneet Khandelwal Rs. 3,00,000/- 3. Rent payable to Navneet Khandelwal Rs. 72,000/- 4. Interest paid to Navneet Khandelwal Rs. 2,72,065/- 5. Remuneration payable to Vikrant Khandelwal (CFO) Rs. 2,70,000/- 6. Sale of goods/ materials to Unique Techno Associates Pvt. Ltd. Rs. 55,77,360 /- 7. Interest paid to Radhika Khandelwal Rs. 1,62,000/- |
| Textual Information(2) | Details of Related Party Transactions made during the First Quarter of FY 2018-19 ended on June 30, 2018:
1. Remuneration payable to Madan Lal Khandelwal (Managing Director) Rs. 3,00,000 /- 2. Remuneration payable to Navneet Khandelwal Rs. 3,00,000/- 3. Rent payable to Navneet Khandelwal Rs. 72,000/- 4. Interest paid to Navneet Khandelwal Rs. 2,72,065/- 5. Remuneration payable to Vikrant Khandelwal (CFO) Rs. 2,70,000/- 6. Sale of goods/ materials to Unique Techno Associates Pvt. Ltd. Rs. 55,77,360 /- 7. Interest paid to Radhika Khandelwal Rs. 1,62,000/- |
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) | |
Annexure 1 | ||
| Sr | Subject | Compliance status |
| 1 | Name of signatory | MADAN LAL KHANDELWAL |
| 2 | Designation | Managing Director |
Text Block | |
| Textual Information(1) | DURING THE QUARTER, COMPANY DOES NOT RECEIVED ANY COMMENTS/OBSERVATIONS/ADVICES FROM BOARD OF DIERCTORS
|
Signatory Details | |
| Name of signatory | MADAN LAL KHANDELWAL |
| Designation of person | Managing Director |
| Place | JAIPUR |
| Date | 13-07-2018 |