General information about company

Scrip code532411
NSE SymbolVISESHINFO
MSEI SymbolNOTLISTED
ISININE861A01058
Name of the entityMPS Infotecnics Ltd. (Formerly known as Visesh InfotecnicsLtd.)
Date of start of financial year01-04-2019
Date of end of financial year31-03-2020
Reporting QuarterQuarterly
Date of Report30-06-2019
Risk management committeeNot Applicable
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)
Wether the listed entity has a Regular ChairpersonNo
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 BirthInitial 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
1MrPeeyush Kumar AggarwalAACPA6470C00090423Executive DirectorChairperson related to PromoterMD06-10-196303-09-19972613050
2MrManoj Kumar JainBSYPS5514G01887411Non-Executive - Independent DirectorNot ApplicableShareholder Director17-01-196602-06-2014613324
3MrsMadhu SharmaAGHPJ0168K06947852Non-Executive - Independent DirectorNot ApplicableEmployee Director07-01-195902-03-2015525533
4MrRachit GargAZSPG7226K07574194Non-Executive - Non Independent DirectorNot Applicable30-10-198730-05-2018131001



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Textual Information(1)
Mr. Peeyush Kumar Aggarwal was liable to retire by rotation persunat to the provisions of section 152 of the Companies Act, 2013 and the last time Mr. Peeyush Kumar Aggarwal was re-appointed as a Non-executive, Non-independent Director liable to retire by rotation was on 29th September 2017, thereafter on 3rd January 2018 he was appointed as Managing Director.




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
106947852Madhu SharmaNon-Executive - Independent DirectorChairperson14-08-2018Textual Information(1)
201887411Manoj Kumar JainNon-Executive - Independent DirectorMember14-08-2018Textual Information(2)
300090423Peeyush Kumar AggarwalExecutive DirectorMember26-10-2009Textual Information(3)

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Textual Information(1)
The Board of Directors of the Company in their Meeting held on 13/06/2018 had decided to re-consitutute the Committee with effect from 14/08/2018 and as a result of such re-constitution designation of Mrs. Madhu Sharma got changed from member of the Committee to the Chairperson of the Audit Committee.
 
Textual Information(2)
The Board of Directors of the Company in their Meeting held on 13/06/2018 had decided to re-consitutute the Committee with effect from 14/08/2018 and as a result of such  re-constitution designation of Mr. Manoj Kumar Jain got changed from Chairperson of the Committee to the member of the Audit Committee.
Textual Information(3)

Mr. Peeyush Kumar Aggarwal was a member of the Audit Committee w.e.f. 31/01/2001 and ceased to be the member of the Committee w.e.f 18/10/2005.

The Board of Directors of the Company in their Meeting held on 26/10/2009 had decided to re-consitutute the Committee with immediate effect and as a result of such re-constitution  Mr. Peeyush kumar Aggarwal was designated as Member to the Committee.


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
106947852Madhu SharmaNon-Executive - Independent DirectorChairperson14-08-2018Textual Information(1)
201887411Manoj Kumar JainNon-Executive - Independent DirectorMember14-08-2018Textual Information(2)
307574194Rachit GargNon-Executive - Non Independent DirectorMember14-08-2018Textual Information(3)

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Textual Information(1)
The Board of Directors of the Company in their Meeting held on 13/06/2018 had decided to re-consitutute the Committee with effect from 14/08/2018 and as a result of such re-constitution, designation of Mrs. Madhu Sharma got changed from member of the Committee to the Chairperson of the Nomination & Remuneration Committee.
 
The board had appointed Mrs. Madhu Sharma as the Committee's regular chairperson. Mrs. Madhu Sharma, could not attend the meeting of the committee held on 30/04/2019, hence the members present had appointed Mr. Manoj Kumar Jain as the Chairperson of the Committee.
Textual Information(2)
The Board of Directors of the Company in their Meeting held on 13/06/2018 had decided to re-consitutute the Committee with effect from 14/08/2018 and as a result of such  re-constitution, designation of Mr. Manoj Kumar Jain got changed from Chairperson of the Committee to the member of the Nomination & Remuneration Committee.
Textual Information(3)
Mr. Rachit Garg was appointed on the Board on 13/05/2018 & the Board of Directors of the Company in their Meeting held on 13/06/2018 had decided to re-consitutute the Committee with effect from 14/08/2018 and as a result of such  re-constitution Mr. Rachit Garg was appointed as member of the Nomination & Remuneration Committee.


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
107574194Rachit GargNon-Executive - Non Independent DirectorChairperson14-08-2018Textual Information(1)
200090423Peeyush Kumar AggarwalExecutive DirectorMember14-08-2018Textual Information(2)
301887411Manoj Kumar JainNon-Executive - Independent DirectorMember13-02-2017

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Textual Information(1)
Mr. Rachit Garg was appointed on the Board on 30/05/2018 & the Board of Directors of the Company in their Meeting held on 13/06/2018 had decided to re-consitutute the Committee with effect from 14/08/2018 and as a result of such  re-constitution Mr. Rachit Garg was appointed as Chairperson of the Stakeholders Relationship Committee.
Textual Information(2)
The Board of Directors of the Company in their Meeting held on 13/06/2018 had decided to re-consitutute the Committee with effect from 14/08/2018 and as a result of such  re-constitution designation of Mr. Peeyush Kumar Aggarwal got changed from Chairperson of the Committee to the member of the Stakeholders Relationship Committee.


Risk Management Committee

Whether the Risk Management Committee has a Regular Chairperson
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
101887411Manoj Kumar JainNon-Executive - Independent DirectorChairperson02-06-2014
206947852Madhu SharmaNon-Executive - Independent DirectorMember02-06-2014
300090423Peeyush Kumar AggarwalExecutive DirectorMember17-10-2016


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
106947852Madhu SharmaNon-Executive - Independent DirectorChairperson14-08-2018Textual Information(1)
200090423Peeyush Kumar AggarwalExecutive DirectorMember14-08-2018Textual Information(2)
301887411Manoj Kumar JainNon-Executive - Independent DirectorMember02-06-2014

Sr Text Block

Textual Information(1)
The Board of Directors of the Company in their Meeting held on 13/06/2018 had decided to re-consitutute the Committee with effect from 14/08/2018 and as a result of such  re-constitution designation of Mrs. Madhu Sharma  got changed from member of the Committee to the Chairperson of Corporate Social Responsibility Committee.
Textual Information(2)
The Board of Directors of the Company in their Meeting held on 13/06/2018 had decided to re-consitutute the Committee with effect from 14/08/2018 and as a result of such  re-constitution designation of Mr. Peeyush Kumar Aggarwal got changed from Chairperson of the Committee to the member of Corporate Social Responsibility Committee.


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 explanatory
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*No. of Independent Directors attending the meeting*
114-02-2019Yes42
230-04-201974Yes31
330-05-201929Yes42



Annexure 1

IV. Meeting of Committees

Disclosure of notes on meeting of committees explanatory
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*No. of Independent Directors attending the meeting*
1Audit Committee30-05-2019Yes32
2Nomination and remuneration committee30-04-2019Yes21
3Stakeholders Relationship Committee01-04-2019Yes31
4Stakeholders Relationship Committee01-05-201929Yes31
5Stakeholders Relationship Committee24-05-201922Yes31



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 RPTYes
3Whether details of RPT entered into pursuant to omnibus approval have been reviewed by Audit CommitteeYes
Disclosure of notes on related party transactions Textual Information(1)
Disclosure of notes of material transaction with related partyTextual Information(2)


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Textual Information(1)

The Company has entered into Related Party Transactions during the Quarter ended on June 30th, 2019 with the following Related Parties:

1. Mr. Peeyush Kumar Aggarwal - Managing Director & Promoter.

2. M/s. Omkam Global Capital Private Limited - Entities through which KMP can exercise significant influence.

 

Textual Information(2)

RELATED PARTY TRANSACTIONS WITH ENTITIES ON WHICH KMP CAN EXECRICSE SIFNIFICANT INFLUENCE- OMKAM GLOBAL CAPITAL PRIVATE LIMITED
 
I. During the quarter from 1st April 2019 to 30th June 2019 the company has received following monies from Omkam Global Capital Markets Pvt. Ltd. the details of which are as under:
Date                    Particulars                             Amount
1st April 2019     Opening balance                      3,95,64,853/-
3rd May 2019     Amount received                         8,00,000/-
14th May 2019    Amount received                         2,00,000/-
17th May 2019    Amount received                         1,60,000/-
4th June 2019      Amount repaid                          (28,00,000/-)
---------------------------------------------------------------------------
Net amount repaid during the quarter           (Rs. 16,40,000/-)
Net amount payable as on 30th June 2019       Rs. 3,79,24,853/-
==================================================
RELATED PARTY TRANSACTIONS WITH KMP- MR. PEEYUSH KUMAR AGGARWAL (MANAGING DIRECTOR)
 
II. During the quarter from 1st April 2019 to 30th June 2019 the company has received following monies from Mr. Peeyush Kumar Agarwal the details of which are as under:
Date                    Particulars                                         Amount
01-04-2019         Opening Balance                                  17,40,15,042.43/-
13-05-2019          ROC fee                                             600.00/-
13-05-2019          ROC fee                                             600.00/-
20-06-2019          ROC fee                                             600.00/-
28-06-2019          ROC fee                                             600.00/-
29-06-2019          ROC fee                                             600.00/-
30-06-2019          Telephone expenses                           12402.84/-
-------------------------------------------------------------------------------
Total Amount received during the quarter                     Rs. 15402.84
Total amount received in aggregate till 30.06.2019       Rs. 17,403,0445.57
=====================================================
 
 

 

 

 




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 100 listed entities)NA
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 signatoryPrachi Sharma
2DesignationCompany Secretary and Compliance Officer



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Signatory Details

Name of signatoryPrachi Sharma
Designation of personCompany Secretary and Compliance Officer
PlaceNew Delhi
Date13-07-2019