General information about company

Scrip code516108
NSE Symbol
MSEI Symbol
ISININE088G01014
Name of the entityTHE SOUTH INDIA PAPER MILLS LIMITED
Date of start of financial year01-04-2021
Date of end of financial year31-03-2022
Reporting QuarterQuarterly
Date of Report31-12-2021
Risk management committeeApplicable
Market Capitalisation as per immediate previous Financial YearTop 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 explanatoryTextual Information(1)
Whether the listed entity has a Regular ChairpersonYes
Whether Chairperson is related to MD or CEOYes
SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directors Date of BirthWhether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations]Date of passing special resolutionInitial Date of appointmentDate of Re-appointmentDate of cessationTenure 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 (Refer Regulation 17A(1) of Listing RegulationsNumber 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 PANNotes for not providing DIN
1MrMANISH M PATELAEEPP6501K00128179Executive DirectorChairpersonCEO-MD18-05-1959NA09-10-199020-05-20191000
2MrDINESHCHANDRA C PATELABBPP4124C00167581Non-Executive - Non Independent DirectorNot Applicable16-10-1938Yes24-09-202030-08-197524-09-20201000
3MrM G MOHAN KUMARADVPM5755E00020029Non-Executive - Independent DirectorNot Applicable03-03-1957NA28-06-199419-09-2019212244
4MrS R CHANDRASEKARA SETTY ACKPC7349G00017055Non-Executive - Independent DirectorNot Applicable12-10-1940Yes19-09-201923-01-199219-09-2019211120



I. Composition of Board of Directors

Disclosure of notes on composition of board of directors explanatory

Whether the listed entity has a Regular Chairperson

SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directors Date of BirthWhether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations]Date of passing special resolutionInitial Date of appointmentDate of Re-appointmentDate of cessationTenure 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 (Refer Regulation 17A(1) of Listing RegulationsNumber 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 PANNotes for not providing DIN
5MrJAGDISH M PATELADQPP3156R00128834Non-Executive - Independent DirectorNot Applicable16-04-1944Yes19-09-201927-06-198719-09-2019211110
6MrAJAY D PATELABAPP3615P00466905Non-Executive - Non Independent DirectorNot Applicable10-12-1968NA31-08-199624-09-20201000
7MrN S KISHORE KUMARAAFPN4348H03422169Non-Executive - Independent DirectorNot Applicable13-05-1956NA31-01-201119-09-2019211100
8MrJITENDRA A PATELAGIPP7237J00248302Non-Executive - Non Independent DirectorNot Applicable02-05-1948NA27-09-201223-09-20211000



I. Composition of Board of Directors

Disclosure of notes on composition of board of directors explanatory

Whether the listed entity has a Regular Chairperson

SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directors Date of BirthWhether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations]Date of passing special resolutionInitial Date of appointmentDate of Re-appointmentDate of cessationTenure 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 (Refer Regulation 17A(1) of Listing RegulationsNumber 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 PANNotes for not providing DIN
9MrsGIRIJA SHANKAR AANPG1420H07148094Non-Executive - Independent DirectorNot Applicable28-02-1957NA31-03-201519-09-2019211110



Text Block

Textual Information(1)

Note :

 

1. There is no change in the composition of Board of Directors as compared to the previous quarter.

 

2. There are no separate posts for the Chairman and MD. Mr Manish M Patel is the Managing Director as well as the Chairman of the Company. The requirement with respect to creation of separate posts for Chairman and MD is applicable to top 500 entities as per Amended SEBI (LODR Regulations) - Reg 17(1B) w.e.f 1st April 2022.

Our Company is not in the list of top 500 entities as on 31-03-2021 and hence not applicable to us.  

 

3. Mr Manish M Patel was re appointed as the Managing Director of the Company w.e.f  20-05-2019 (for a period of 5 years) by passing of special resolution at the AGM of the Company held on 20th Sept 2018. 

 

4. Mr M G Mohan Kumar was appointed as a Director of the Company on 28-06-1994. As per the Companies Act, 2013 he has been re appointed as an Independent Director for a second term at the AGM held on 19-09-2019. His appointment is effective from 01st April 2020 and upto 31st March 2025. 

 

5.  Mr S R Chandrasekara Setty was appointed as a Director of the Company on 23-01-1992. As per the Companies Act, 2013 he has been re appointed as an Independent Director for a second term at the AGM held on 19-09-2019. His appointment is effective from 01st April 2020 and upto 31st March 2025.

  

6.  Mr Jagdish M Patel was appointed as a Director of the Company on 27-06-1987. As per the Companies Act, 2013 he has been re appointed as an Independent Director for a second term at the AGM held on 19-09-2019. His appointment is effective from 01st April 2020 and upto 31st March 2025.

 

7.  Mr N S Kishore Kumar was appointed as a Director of the Company on 31-01-2011.As per the Companies Act, 2013 he has been re appointed as an Independent Director for a second term at the AGM held on 19-09-2019. His appointment is effective from 01st April 2020 and upto 31st March 2025. 

 

8. Mrs Girija Shankar was appointed as an Independent Director of the Company on 31-03-2015. As per the Companies Act, 2013 she has been re appointed as an Independent Director for a second term at the AGM held on 19-09-2019. Her appointment is effective from 01st April 2020 and upto 31st March 2025.

 

9. The tenure in months given for all the independent directors is from the effective date of appointment i.e from 1st April 2020 which is their second term. The tenure of all the Independent Directors is 21 months as on 31st December 2021 (calculated from 1st April 2020) in the SECOND TERM.

Total tenure including their first term is 81 months (i.e 60 months in first term & 21 months in the second term). All the Independent Directors have already completed their first term of 5 years. For better clarity we have fed the tenure in months only for the second term as 21 months.

 

The other 3 Non executive Directors re - appointment is based on rotation. Hence tenure is not provided here for them.  

 

10. Mr Dineshchandra C Patel has been appointed as Director  by passing a special resolution at the AGM held on 24th Sept 2020  as per Reg 17(1A) of SEBI (LODR) Regulations, 2015. His appointment has been approved and ratified in terms of the amended regulation 17(1A) of SEBI (LODR)Regulations effective from 1st April 2019.




Annexure 1

II. Composition of Committees

Disclosure of notes on composition of committees explanatoryTextual Information(1)

Annexure 1 Text Block

Textual Information(1)

Note : The date of appointment given for all the Committee members refers to the date of appointment to the Committee. 

 



Audit Committee Details

Whether the Audit Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
100020029M G MOHAN KUMARNon-Executive - Independent DirectorChairperson29-01-2002
200017055S R CHANDRASEKARA SETTY Non-Executive - Independent DirectorMember29-01-2002Textual Information(1)
300128834JAGDISH M PATELNon-Executive - Independent DirectorMember28-07-2005

Sr Text Block

Textual Information(1)
Note : Mr  S R Chandrasekara Setty is the Joint Chairman of the Audit Committee. However in the excel template it is not allowing for selecting 'Chairperson' again. Hence we have selected the category of Mr S R Chandrasekara Setty as a member


Nomination and remuneration committee

Whether the Nomination and remuneration committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
100020029M G MOHAN KUMARNon-Executive - Independent DirectorChairperson30-05-2009
200017055S R CHANDRASEKARA SETTY Non-Executive - Independent DirectorMember30-05-2009
300128834JAGDISH M PATELNon-Executive - Independent DirectorMember30-05-2009


Stakeholders Relationship Committee

Whether the Stakeholders Relationship Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
100020029M G MOHAN KUMARNon-Executive - Independent DirectorChairperson29-01-2002
200017055S R CHANDRASEKARA SETTY Non-Executive - Independent DirectorMember27-01-2005
307148094GIRIJA SHANKAR Non-Executive - Independent DirectorMember30-07-2020


Risk Management Committee

Whether the Risk Management Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
100128179MANISH M PATELExecutive Director Chairperson27-01-2015
200020029M G MOHAN KUMARNon Eexcutive Independent Director Member27-01-2015
300017055S R CHANDRASEKARA SETTY Non Eexcutive Independent Director Member27-01-2015


Corporate Social Responsibility Committee

Whether the Corporate Social Responsibility Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
100128179MANISH M PATELExecutive DirectorChairperson27-01-2015
200020029M G MOHAN KUMARNon-Executive - Independent DirectorMember27-01-2015
300017055S R CHANDRASEKARA SETTY Non-Executive - Independent DirectorMember27-01-2015


Other Committee

SrDIN NumberName of Committee membersName of other committeeCategory 1 of directorsCategory 2 of directorsRemarks

Annexure 1

Annexure 1

III. Meeting of Board of Directors

Disclosure of notes on meeting of board of directors explanatoryTextual Information(1)
SrDate(s) of meeting (if any) in the previous quarterDate(s) of meeting (if any) in the current quarterMaximum gap between any two consecutive (in number of days)Notes for not providing DateWhether requirement of Quorum met (Yes/No)Number of Directors present* (All directors including Independent Director)No. of Independent Directors attending the meeting*
109-09-2021Yes64
228-10-202148Yes84
325-11-202127Yes74



Text Block

Textual Information(1)

 A meeting of the Board of Directors was held on 25-11-2021 for purpose other than financial results.



Meeting for the unaudited results for the Qtr / 9 month's ended 31st Dec 2021 will be held on 27th January 2022.








Annexure 1

IV. Meeting of Committees

Disclosure of notes on meeting of committees explanatory Textual Information(1)
SrName of CommitteeDate(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 committeeReson for not providing dateWhether requirement of Quorum met (Yes/No)Number of Directors present* (All directors including Independent Director)No. of Independent Directors attending the meeting*
1Audit Committee29-07-2021Yes33
2Audit Committee28-10-202190Yes33



Text Block

Textual Information(1)

Note: The Audit Committte comprises of 3 Independent Directors and all the members of Audit Committee were present at the meeting.

The Risk Management committee met on 09-09-2021 and it was attended by all the members. 

CSR Committee met on 25-11-2021 and it was attended by all the members.








Annexure 1

V. Related Party Transactions

SrSubjectCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
1Whether prior approval of audit committee obtainedYes
2Whether shareholder approval obtained for material RPTNA
3Whether details of RPT entered into pursuant to omnibus approval have been reviewed by Audit CommitteeYes


Annexure 1

VI. Affirmations

SrSubjectCompliance status (Yes/No)
1The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015Yes
2The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit CommitteeYes
3The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committeeYes
4The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committeeYes
5The 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 500 listed entities)Yes
6The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.Yes
7The 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
8This report and/or the report submitted in the previous quarter has been placed before Board of Directors.Yes

Annexure 1

SrSubjectCompliance status
1Name of signatoryVIDYA BHAT
2DesignationCompany Secretary and Compliance Officer



Signatory Details

Name of signatoryVIDYA BHAT
Designation of personCompany Secretary and Compliance Officer
PlaceNANJANGUD
Date19-01-2022