Corporate Governance report Sep 2021

Board and Organisation

General information about company

Scrip code 500113
NSE Symbol SAIL
MSEI Symbol NOTAPPLICABLE
ISIN INE114A01011
Name of the entity STEEL AUTHORITY OF INDIA LIMITED
Date of start of financial year 01-04-2021
Date of end of financial year 31-03-2022
Reporting Quarter Half Yearly
Date of Report 30-09-2021
Risk management committee Applicable
Market Capitalisation as per immediate previous Financial Year Top 500 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  
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure 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 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 Ms Soma Mondal AEQPM7503N 06845389 Executive Director Chairperson   21-04-1963 NA   01-03-2017 01-03-2017     1 0 1 0    
2 Mr Puneet Kansal AKJPK8321K 07151526 Non-Executive - Nominee Director Not Applicable   13-10-1971 NA   07-05-2018 07-05-2018     1 0 0 0    
3 Mr Harinand Rai ACQPR4038R 08189837 Executive Director Not Applicable   01-05-1962 NA   01-08-2018 01-08-2018     1 0 0 0    
4 Mr Krishan Kumar Gupta AANPG7718G 03476812 Non-Executive - Independent Director Not Applicable   01-03-1956 NA   21-12-2018 21-12-2018   36 1 1 2 1    


 

I. Composition of Board of Directors

Disclosure of notes on composition of board of directors explanatory

Whether the listed entity has a Regular Chairperson

Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure 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 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
5 Mr Nidgurti Shankarappa ASKPS4117J 08609086 Non-Executive - Independent Director Not Applicable   06-08-1947 NA   13-11-2019 13-11-2019   36 1 1 2 1    
6 Mr Amit Sen AJCPS2310N 08602987 Executive Director Not Applicable   12-12-1961 NA   05-11-2019 05-11-2019     1 0 1 0    
7 Mr Anirban Dasgupta AAKPD7192C 06832261 Executive Director Not Applicable   29-04-1965 NA   01-02-2020 01-02-2020     1 0 1 0    
8 Mr Amarendu Prakash AECPP8611C 08896653 Executive Director Not Applicable   12-09-1970 NA   28-09-2020 28-09-2020     1 0 0 0    


 

I. Composition of Board of Directors

Disclosure of notes on composition of board of directors explanatory

Whether the listed entity has a Regular Chairperson

Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure 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 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
9 Mrs Sukriti Likhi AABPL1293M 01825997 Non-Executive - Nominee Director Not Applicable   04-08-1968 NA   23-04-2021 23-04-2021     4 0 0 0    



 

Audit Committee Details

Whether the Audit Committee has a Regular Chairperson Yes  
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 03476812 Krishan Kumar Gupta Non-Executive - Independent Director Chairperson 06-12-2019    
2 08609086 Nidgurti Shankarappa Non-Executive - Independent Director Member 30-09-2020    
3 06832261 Anirban Dasgupta Executive Director Member 30-09-2020    
 

Nomination and remuneration committee

Whether the Nomination and remuneration committee has a Regular Chairperson Yes  
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 03476812 Krishan Kumar Gupta Non-Executive - Independent Director Chairperson 06-12-2019    
2 06845389 Soma Mondal Executive Director Member 11-12-2020    
3 07151526 Puneet Kansal Non-Executive - Nominee Director Member 07-05-2018    
4 08609086 Nidgurti Shankarappa Non-Executive - Independent Director Member 30-09-2020    
 

Stakeholders Relationship Committee

Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes  
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 08609086 Nidgurti Shankarappa Non-Executive - Independent Director Chairperson 30-09-2020    
2 03476812 Krishan Kumar Gupta Non-Executive - Independent Director Member 30-09-2020    
3 06845389 Soma Mondal Executive Director Member 11-12-2020    
4 08602987 Amit Sen Executive Director Member 05-11-2019    
 

Risk Management Committee

Whether the Risk Management Committee has a Regular Chairperson Yes  
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 03476812 Krishan Kumar Gupta Non-Executive - Independent Director Chairperson 13-03-2020    
2 06845389 Soma Mondal Executive Director Member 01-03-2017    
3 08189837 Harinand Rai Executive Director Member 01-08-2018    
4 06832261 Anirban Dasgupta Executive Director Member 07-11-2017    
5 99999999 Director I/c RSP Executive Director Member 01-08-2021    
6 08602987 Amit Sen Executive Director Member 05-11-2019    
7 08609086 Nidgurti Shankarappa Non-Executive - Independent Director Member 12-11-2020    
 

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) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Number of Directors present* (other than Independent Director) No. of Independent Directors attending the meeting*
1 20-04-2021       Yes 6 2
2 10-06-2021   50   Yes 7 2
3   06-08-2021 56   Yes 7 2
4   01-09-2021 25   Yes 7 2


 

Annexure 1

IV. Meeting of Committees

Disclosure of notes on meeting of committees explanatory  
Sr Name of Committee Date(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 committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Number of Directors present* (other than Independent Director) No. of Independent Directors attending the meeting*
1 Audit Committee 19-04-2021       Yes 1 2
2 Audit Committee 10-06-2021 51     Yes 1 2
3 Audit Committee 05-08-2021 55     Yes 1 2
4 Audit Committee 01-09-2021 26     Yes 1 2
5 Audit Committee 22-09-2021 20     Yes 1 2
6 Nomination and remuneration committee 05-05-2021       Yes 2 2


 

Annexure 1

IV. Meeting of Committees

Sr Name of Committee Date(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 committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Number of Directors present* (other than Independent Director) No. of Independent Directors attending the meeting*
7 Nomination and remuneration committee 25-05-2021       Yes 2 2
8 Nomination and remuneration committee 25-05-2021       Yes 2 2
9 Nomination and remuneration committee 09-06-2021       Yes 2 2
10 Nomination and remuneration committee 30-07-2021       Yes 1 2


 

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  
 

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 No
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 500 listed entities) Yes
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 M.B.BALAKRISHNAN
2 Designation Company Secretary


 

Annexure III

III. Affirmations

Sr Particulars 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 Presence of Chairperson of the Stakeholder Relationship committee at the annual general meeting 20(3) Yes  
5 Whether “Corporate Governance Report” disclosed in Annual Report 34(3) read with para C of Schedule V Yes  
Any other information to be provided  



 

Annexure III

1 Name of signatory M.B.BALAKRISHNAN
2 Designation Company Secretary



 

Additional Half yearly Disclosure

Applicability of disclosure Applicable  
Reason for Non Applicability Textual Information(1)  

I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below

(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to  
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months  
Promoter or any other entity controlled by them 0 0  
Promoter Group or any other entity controlled by them 0 0  
Directors (including relatives) or any other entity controlled by them 0 0  
KMPs or any other entity controlled by them 0 0  

(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By

Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them 0 0 0
Promoter Group or any other entity controlled by them 0 0 0
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0

(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by

Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0 0
Promoter Group or any other entity controlled by them 0 0 0
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0
(D) Additional Information Textual Information(2)

II. Affirmations

Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. Yes Textual Information(3)
Name AMIT SEN    
Designation CFO    
Place NEW DELHI    
Date 08-10-2021    
 

Signatory Details

Name of signatory M.B.BALAKRISHNAN
Designation of person Company Secretary
Place NEW DELHI
Date 08-10-2021