General information about company

Scrip code 533451
NSE Symbol KARMAENG
MSEI Symbol NOTLISTED
ISIN INE725LO1011
Name of the entity KARMA ENERGY 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 31-12-2018
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 No
Wether the listed entity has a Regular Chairperson Yes



Annexure 1

II. Composition of Committees

Disclosure of notes on composition of committees explanatory
Is there any change in information of committees compare to previous quarter No


Audit Committee Details

Whether the Audit Committee has a Regular Chairperson
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks


Nomination and remuneration committee

Whether the Nomination and remuneration committee has a Regular Chairperson
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks


Stakeholders Relationship Committee

Whether the Stakeholders Relationship Committee has a Regular Chairperson
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks


Risk Management Committee

Whether the Risk Management Committee has a Regular Chairperson
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks


Corporate Social Responsibility Committee

Whether the Corporate Social Responsibility Committee has a Regular Chairperson
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks


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)
1 14-08-2018
2 06-10-2018 52
3 13-11-2018 37



Annexure 1

IV. Meeting of Committees

Disclosure of notes on meeting of committees explanatory
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 13-11-2018 Yes 14-09-2018 59
2 Audit Committee 13-11-2018 Yes 14-08-2018 90
3 Nomination and remuneration committee 02-11-2018 Yes
4 Stakeholders Relationship Committee 13-11-2018 Yes 14-08-2018 90



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 NA
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)

 

Note on Related Party Transaction

 

Sr. No.

Name of the related party with which contract is entered into

Particulars of the Contract

Remarks

1

Weizmann Forex Ltd

Purchase of 2569000 Equity shares of Batot Hydro Power Ltd @ Rs.10/- per share

Approved by the Audit Committee being  a Related Party Transaction

 

 

Textual Information(2)

Note on Material Related Party Transaction

 

Sr. No.

Name of the related party with which contract is entered into

Particulars of the Contract

Remarks

1

Weizmann Forex Ltd

Purchase of 06 Wind Mills of 600 kw each aggregating to 3.6 MW at a price not exceeding Rs.8.52 Crore including value of land and GST

Approved by the Audit Committee and the shareholders by postal ballot as a Material Related party transaction

 

 




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

Annexure 1

Sr Subject Compliance status
1 Name of signatory T V Subramanian
2 Designation Company Secretary and Compliance Officer



Text Block




Signatory Details

Name of signatory T V Subramanian
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 07-01-2019