General information about company

Scrip code532873
NSE SymbolHDIL
MSEI SymbolNA
ISININE191I01012
Name of the entityHousing Development and Infrastructure Limited
Date of start of financial year01-04-2020
Date of end of financial year31-03-2021
Reporting QuarterHalf Yearly
Date of Report30-09-2020
Risk management committeeNot Applicable
Market Capitalisation as per immediate previous Financial YearAny other



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 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
1MrRakesh Kumar WadhawanAAEPW7656G00028573Executive DirectorChairperson14-10-1952NA27-01-200430-09-20171000
2MrSarang WadhawanAAAPW2530R00028608Executive DirectorNot ApplicableMD05-10-1976NA04-03-200501-04-2016601020
3MrLalit Mohan MehtaABOPM0498D00458975Non-Executive - Independent DirectorNot Applicable20-01-1944Yes28-09-201914-06-200601-04-2019601121
4MrRaj Kumar AggarwalAAFPF0554N02034914Non-Executive - Independent DirectorNot Applicable10-11-1956NA21-05-200801-04-2019601120



I. Composition of Board of Directors

Disclosure of notes on composition of board of directors explanatory

Wether 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
5MrsSandhya BaligaAAJPB5194M07015987Non-Executive - Independent DirectorNot Applicable27-10-1953NA14-11-201428-09-2019601111
6MrHazari LalAAUPL4774C06696100Non-Executive - Independent DirectorNot Applicable11-09-1950NA14-11-201428-09-2019601100



Text Block

Textual Information(1)

1. Pursuant to an application filed by Bank of India before the Honble National Company Law Tribunal, Mumbai Bench (NCLT) in terms of Section 7 of the Insolvency and Bankruptcy Code, 2016 read with the rules and regulations framed thereunder (Code), the NCLT had admitted the application and ordered the commencement of corporate insolvency resolution process (CIR process or CIRP) of the Company vide its order dated August 20, 2019 (Admission Order). The Honble NCLT had, pursuant to the Admission Order, appointed Abhay Narayan Manudhane as an interim resolution professional for the Company (IRP). In terms of the Admission Order, inter alia, the management of the affairs of the Company was vested in the IRP. Thereafter, the Committee of Creditors ("CoC") of the Company appointed Abhay Narayan Manudhane as Resolution Professional for the Company (RP or Resolution Professional).

 

2. During the year, Mr. Lalit Mohan Mehta, Mr Raj Kumar Aggarwal ,Ms Sandhya Baliga and Mr Hazari Lal have resigned and has also filed their respective DIR-11 forms with the Registrar of Companies. The aforementioned resignations were put up to the CoC of the Company for their consideration in accordance with Section 28(1)(j) of the Code. However, CoC of the Company considered the resignations tendered by the above directors and expressed a view that the resignations cannot be accepted.





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
107015987Sandhya BaligaNon-Executive - Independent DirectorChairperson14-11-2014
200458975Lalit Mohan MehtaNon-Executive - Independent DirectorMember01-04-2014
302034914Raj Kumar AggarwalNon-Executive - Independent DirectorMember01-04-2014


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
100458975Lalit Mohan MehtaNon-Executive - Independent DirectorChairperson01-04-2014
202034914Raj Kumar AggarwalNon-Executive - Independent DirectorMember01-04-2014
306696100Hazari LalNon-Executive - Independent DirectorMember14-11-2014


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
100458975Lalit Mohan MehtaNon-Executive - Independent DirectorChairperson01-04-2014
200028608Sarang WadhawanExecutive DirectorMember01-04-2016
302034914Raj Kumar AggarwalNon-Executive - Independent DirectorMember14-02-2019


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
100028608Sarang WadhawanExecutive DirectorChairperson01-04-2016
206696100Hazari LalNon-Executive - Independent DirectorMember14-11-2014


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
100028573Rakesh Kumar WadhawanExecutive DirectorChairperson30-09-2017
200028608Sarang WadhawanExecutive DirectorMember01-04-2016
300458975Lalit Mohan MehtaNon-Executive - Independent DirectorMember01-04-2014


Other Committee

SrDIN NumberName of Committee membersName of other committeeCategory 1 of directorsCategory 2 of directorsRemarks
100028573Rakesh Kumar WadhawanFinance CommitteeExecutive DirectorChairperson
200028608Sarang WadhawanFinance CommitteeExecutive DirectorMember

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*
1
The Company has been admitted under IBC, hence the Board is suspended and thus no Board Meeting was held during the previous quarter.
No
2
The Company has been admitted under IBC, hence the Board is suspended and thus no Board Meeting was held during the previous quarter.
No



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 Committee

The Company has been admitted under IBC, hence the Board is suspended and thus no Board/Committee Meeting was held during the previous quarter.

No
2Audit Committee

The Company has been admitted under IBC, hence the Board is suspended and thus no Board/Committee Meeting was held during the previous quarter.

No
3Nomination and remuneration committee

The Company has been admitted under IBC, hence the Board is suspended and thus no Board/Committee Meeting was held during the previous quarter.

No
4Nomination and remuneration committee

The Company has been admitted under IBC, hence the Board is suspended and thus no Board/Committee Meeting was held during the previous quarter.

No
5Stakeholders Relationship Committee

The Company has been admitted under IBC, hence the Board is suspended and thus no Board/Committee Meeting was held during the previous quarter.

No
6Stakeholders Relationship Committee

The Company has been admitted under IBC, hence the Board is suspended and thus no Board/Committee Meeting was held during the previous quarter.

No



Annexure 1

IV. Meeting of Committees

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*
7Risk Management Committee

The Company has been admitted under IBC, hence the Board is suspended and thus no Board/Committee Meeting was held during the previous quarter.

No
8Risk Management Committee

The Company has been admitted under IBC, hence the Board is suspended and thus no Board/Committee Meeting was held during the previous quarter.

No
9Corporate Social Responsibility Committee

The Company has been admitted under IBC, hence the Board is suspended and thus no Board/Committee Meeting was held during the previous quarter.

No
10Corporate Social Responsibility Committee

The Company has been admitted under IBC, hence the Board is suspended and thus no Board/Committee Meeting was held during the previous quarter.

No
11Other CommitteeFinance Committee

The Company has been admitted under IBC, hence the Board is suspended and thus no Board/Committee Meeting was held during the previous quarter.

No
12Other CommitteeFinance Committee

The Company has been admitted under IBC, hence the Board is suspended and thus no Board/Committee Meeting was held during the previous quarter.

No



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 obtainedNA
2Whether shareholder approval obtained for material RPTNA
3Whether details of RPT entered into pursuant to omnibus approval have been reviewed by Audit CommitteeNA


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)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.No
8This report and/or the report submitted in the previous quarter has been placed before Board of Directors.No

Annexure 1

SrSubjectCompliance status
1Name of signatoryAbhay Manudhane - Resolution Professional
2DesignationCEO



Annexure III

III. Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
1Copy of the annual report including balance sheet, profit and loss account, directors report, corporate governance report, business responsibility report displayed on website46(2)NoAnnual Report for FY 2019-2020 is not ready and Annual General Meeting held on 30th December 2020 was adjourned for adoption of accounts.
2Presence of Chairperson of Audit Committee at the Annual General Meeting18(1)(d)NoAnnual Report for FY 2019-2020 is not ready and Annual General Meeting held on 30th December 2020 was adjourned for adoption of accounts.
3Presence of Chairperson of the nomination and remuneration committee at the annual general meeting19(3)NoAnnual Report for FY 2019-2020 is not ready and Annual General Meeting held on 30th December 2020 was adjourned for adoption of accounts.
4Presence of Chairperson of the Stakeholder Relationship committee at the annual general meeting20(3) NoAnnual Report for FY 2019-2020 is not ready and Annual General Meeting held on 30th December 2020 was adjourned for adoption of accounts.
5Whether “Corporate Governance Report” disclosed in Annual Report34(3) read with para C of Schedule VYes
Any other information to be provided




Annexure III

1Name of signatoryAbhay Manudhane - Resolution Professional
2DesignationCEO



Signatory Details

Name of signatoryAbhay Manudhane - Resolution Professional
Designation of personCEO
PlaceMumbai
Date12-02-2021