Forbes mpany : Quarterly Corporate Governance 31 03 2024

General information about company
Scrip code	502865
NSE Symbol
MSEI Symbol
ISIN	INE518A01013
Name of the entity	Forbes & Company Limited
Date of start of financial year	01-04-2023
Date of end of financial year	31-03-2024
Reporting Quarter	Yearly
Date of Report	31-03-2024
Risk management committee	Applicable
Market Capitalisation as per immediate previous Financial Year	Top 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 explanatory	Textual
								Information(1)
					Whether the listed entity has a Regular Chairperson	Yes
						Whether Chairperson is related to MD or CEO	No
Sr	Title (Mr	Name of the Director	PAN	DIN		Category 1 of directors	Category 2 of directors	Category 3 of		Date of
/ Ms)		directors		Birth
1	Mr	Shapoorji Pallonji	AAEPM2061M	00010114		Non-Executive - Non	Chairperson related			06-09-
Mistry		Independent Director	to Promoter			1964
2	Mr	Sivanandhan	AAVPD7633B	03607203		Non-Executive -	Not Applicable			03-02-
Dhanushkodi		Independent Director			1951
3	Mr	Jai Laxmikant	ABXPM9835B	05260191		Non-Executive - Non	Not Applicable			04-09-
Mavani		Independent Director			1971
4	Mr	Mahesh Chelaram	AABPT0638G	01423084		Executive Director	Not Applicable	MD		26-09-
Tahilyani			1964
5	Ms	Rani Ajit Jadhav	ACZPJ8785E	07070938		Non-Executive -	Not Applicable			02-06-
	Independent Director			1948
6	Mr	Nikhil Jaysinh	AENPB5028A	00414281		Non-Executive -	Not Applicable			07-04-
Bhatia		Independent Director			1958

I. Composition of Board of Directors

Disqualification of Directors under section 164 of the Companies Act, 2013

Sr	Whether the director is disqualified?	Start Date of disqualification	End Date of disqualification	Details of disqualification	Current status
1	No				Active
2	No				Active
3	No				Active
4	No				Active
5	No				Active
6	No				Active

I. Composition of Board of Directors

No of post

No of

of

Number of

Chairperson

No of

Independent

memberships

in Audit/

Directorship

Directorship

Whether

in Audit/

Stakeholder

in listed

in listed

special

Stakeholder

Committee

Tenure

entities

entities

resolution

Date of

Committee(s)

held in

Notes for

Notes for

Initial Date

of

including

including

Reason

passed?

passing

Date of Re-

Date of

including this

listed

not

not

Sr

of

director

this listed

this listed

for

[Refer Reg.

special

appointment

cessation

listed entity

entities

providing

providing

appointment

(in

entity (Refer

entity [with

Cessation

17(1A) of

resolution

(Refer

including

PAN

DIN

Listing

months)

Regulation

reference to

Regulation

this listed

17A of

proviso to

Regulations]

26(1) of

entity (Refer

Listing

regulation

Listing

Regulation

Regulations)

17A(1) &

Regulations)

26(1) of

17A(2)]

Listing

Regulations)

1

NA

03-09-

10-08-

31-03-

1

0

0

0

Others

2001

2023

2024

2

NA

06-08-

06-08-

115

5

5

7

2

2014

2019

3

NA

22-05-

29-09-

1

0

0

0

2012

2022

4

NA

28-04-

28-04-

31-03-

1

0

2

0

Others

2016

2021

2024

5

Yes

11-08-

01-09-

01-09-

67

2

2

2

0

2021

2018

2021

6

NA

16-05-

58

2

2

0

2

2019

Text Block

Textual Information(1)

1. Mr. Shapoor Mistry resigned from the position of Chairman and Non-Executive Director of the Company with effect from close of business hours on March 31, 2024.
2. Mr. Mahesh Tahilyani demitted his office as the Managing Director of the Company with effect from close of business hours on March 31, 2024. He will continue on the Board of Director of the Company as Non- Executive and Non- Indepedent Director with effect from April 01, 2024.
3. Mr. Ravinder Chander Prem was appointed as an Additional Director and Whole-time Director (Executive) of the Company with effect from April 01, 2024.

Annexure 1

II. Composition of Committees

Disclosure of notes on composition of committees explanatory Textual Information(1)

Annexure 1 Text Block

Textual Information(1)

Audit Committee:

1. Mr. Mahesh Tahilyani demitted his office as the Managing Director of the Company with effect from close of business hours on March 31, 2024. He will continue on the Board of Director of the Company as Non- Executive and Non- Indepedent Director with effect from April 01, 2024 and will contiune to be the Member of the Audit Committee.

Nomination and Remuneration Committee:

1. Mr. Shapoor Mistry resigned from the position of Chairman and Non-Executive Director of the Company with effect from close of business hours on March 31, 2024. Accordingly he cessed to be the member of the Nomination and Remuneration Committee of the Company with effect from close of business hours on March 31, 2024.
2. Mr. Mahesh Tahilyani demitted his office as the Managing Director of the Company with effect from close of business hours on March 31, 2024. He will continue on the Board of Director of the Company as Non- Executive and Non- Indepedent Director with effect from April 01, 2024 and he was apointment as the Member of the Nomination and Remuneration Committee with effect from April 01, 2024..

Stakeholders Relationship Committee:

1. Mr. Mahesh Tahilyani demitted his office as the Managing Director of the Company with effect from close of business hours on March 31, 2024. He will continue on the Board of Director of the Company as Non- Executive and Non- Indepedent Director with effect from April 01, 2024 and will contiune to be the Member of the Stakeholders Relationship Committee.

Risk Management Committee:

1. Mr. Mahesh Tahilyani demitted his office as the Managing Director of the Company with effect from close of business hours on March 31, 2024. He will continue on the Board of Director of the Company as Non- Executive and Non- Indepedent Director with effect from April 01, 2024 and will contiune to be the Member of the Risk Management Committee.

Corporate Social Responisbility (CSR) Committee:

1. Mr. Mahesh Tahilyani demitted his office as the Managing Director of the Company with effect from close of business hours on March 31, 2024. He will continue on the Board of Director of the Company as Non- Executive and Non- Indepedent Director with effect from April 01, 2024 and will contiune to be the Member of the CSR Committee.

Audit Committee Details

		Whether the Audit Committee has a Regular Chairperson	Yes
Sr	DIN	Name of Committee	Category 1 of directors	Category 2 of	Date of	Date of	Remarks
Number	members	directors	Appointment	Cessation
1	00414281	Nikhil Jaysinh Bhatia	Non-Executive -	Chairperson	16-05-2019
Independent Director
2	01423084	Mahesh Chelaram	Executive Director	Member	28-04-2016		Textual
Tahilyani		Information(1)
3	03607203	Sivanandhan	Non-Executive -	Member	26-05-2016		Textual
Dhanushkodi	Independent Director		Information(2)

Sr Text Block

Textual Information(1)	Mr. Mahesh Tahilyani demitted his office as the Managing Director of the Company with effect from
close of business hours on March 31, 2024. He will continue on the Board of Director of the Company
	as Non- Executive and Non- Indepedent Director with effect from April 01, 2024 and will contiune to be
	the Member of the Audit Committee under new designation.
Textual Information(2)	The designation of Mr. Mahesh Tahilyani is changed from Managing Director to Non-Executive
	Director of the Company wef April 01,2024 and will contiune to be the Member of the Audit Committee
	under new designation.

Nomination and remuneration committee

	Whether the Nomination and remuneration committee has a Regular Chairperson	Yes
Sr	DIN	Name of Committee	Category 1 of directors	Category 2 of	Date of	Date of	Remarks
Number	members	directors	Appointment	Cessation
1	03607203	Sivanandhan	Non-Executive -	Chairperson	07-10-2013
Dhanushkodi	Independent Director
2	00010114	Shapoorji Pallonji	Non-Executive - Non	Member	07-03-2002	31-03-2024	Textual
Mistry	Independent Director	Information(1)
3	00414281	Nikhil Jaysinh Bhatia	Non-Executive -	Member	16-05-2019
Independent Director