General information about company | |
| Scrip code | 511144 |
| NSE Symbol | |
| MSEI Symbol | |
| ISIN | INE520G01016 |
| Name of the entity | ASYA INFOSOFT LIMITED |
| Date of start of financial year | 01-04-2024 |
| Date of end of financial year | 31-03-2025 |
| Reporting Quarter | Quarterly |
| Date of Report | 31-12-2024 |
| Risk management committee | Not Applicable |
| Market Capitalisation as per immediate previous Financial Year | Any 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 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 | |||||||||||||||||
| 1 | Mr | BIJAL DINESHCHANDRA SANGHVI | AHBPS5100R | 01988242 | Executive Director | Not Applicable | MD | 22-06-1971 | |||||||||||||||||
| 2 | Mrs | PURVI BIJAL SANGHVI | APZPS6089K | 01932029 | Executive Director | Not Applicable | CEO | 18-06-1975 | |||||||||||||||||
| 3 | Mr | ANAND VINODCHANDRA SHAH | ARPPS4534B | 09567072 | Executive Director | Not Applicable | 21-10-1975 | ||||||||||||||||||
| 4 | Mr | KORNAGATTIL KUTTA GUPTAN | AGZPG1106E | 10813992 | Non-Executive - Independent Director | Not Applicable | 10-04-1957 | ||||||||||||||||||
| 5 | Mr | DEEPAK PURSHOTTAMBHAI PRAJAPATI | AEXPP9751Q | 10841232 | Non-Executive - Independent Director | Not Applicable | 30-08-1971 | ||||||||||||||||||
| 6 | Mrs | NIRALI PARTH SHAH | DBAPD6595K | 10811015 | Non-Executive - Independent Director | Not Applicable | 22-11-1995 | ||||||||||||||||||
| 7 | Mrs | SHERRY BHAVESH SHAH | GTIPS7308G | 10811014 | Non-Executive - Non Independent Director | Chairperson | 15-09-1997 | ||||||||||||||||||
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 | |||||||||||||||||||||||
| 7 | No | Active | |||||||||||||||||||||||
I. Composition of Board of Directors | |||||||||||||||||||||||||||
| Sr | 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 [with reference to proviso to regulation 17A(1) & 17A(2)] | 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) | Reason for Cessation | Notes for not providing PAN | Notes for not providing DIN | ||||||||||||||
| 1 | NA | 10-08-2024 | 1 | 0 | 0 | 0 | |||||||||||||||||||||
| 2 | NA | 10-08-2024 | 1 | 0 | 1 | 0 | |||||||||||||||||||||
| 3 | NA | 10-08-2024 | 1 | 0 | 0 | 0 | |||||||||||||||||||||
| 4 | Yes | 31-12-2024 | 14-11-2024 | 24 | 1 | 1 | 1 | 0 | |||||||||||||||||||
| 5 | Yes | 31-12-2024 | 30-11-2024 | 24 | 1 | 1 | 1 | 1 | |||||||||||||||||||
| 6 | Yes | 31-12-2024 | 30-11-2024 | 24 | 1 | 1 | 2 | 0 | |||||||||||||||||||
| 7 | Yes | 31-12-2024 | 30-11-2024 | 0 | 1 | 0 | 2 | 1 | |||||||||||||||||||
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 | 10841232 | DEEPAK PURSHOTTAMBHAI PRAJAPATI | Non-Executive - Independent Director | Chairperson | 30-11-2024 | ||
| 2 | 10813992 | KORNAGATTIL KUTTA GUPTAN | Non-Executive - Independent Director | Member | 14-11-2024 | ||
| 3 | 10811015 | NIRALI PARTH SHAH | Non-Executive - Independent Director | Member | 30-11-2024 | ||
| 4 | 10811014 | SHERRY BHAVESH SHAH | Non-Executive - Non Independent Director | Member | 30-11-2024 | ||
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 | 10841232 | DEEPAK PURSHOTTAMBHAI PRAJAPATI | Non-Executive - Independent Director | Chairperson | 30-11-2024 | ||
| 2 | 10811015 | NIRALI PARTH SHAH | Non-Executive - Independent Director | Member | 30-11-2024 | ||
| 3 | 10811014 | SHERRY BHAVESH SHAH | Non-Executive - Non Independent Director | Member | 30-11-2024 | ||
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 | 10811014 | SHERRY BHAVESH SHAH | Non-Executive - Non Independent Director | Chairperson | 30-11-2024 | ||
| 2 | 10811015 | NIRALI PARTH SHAH | Non-Executive - Independent Director | Member | 30-11-2024 | ||
| 3 | 01932029 | PURVI BIJAL SANGHVI | Executive Director | Member | 10-08-2024 | ||
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 |
| 1 | 01932029 | PURVI BIJAL SANGHVI | Executive Director | Chairperson | 10-08-2024 | ||
| 2 | 09567072 | ANAND VINODCHANDRA SHAH | Executive Director | Member | 10-08-2024 | ||
| 3 | 10811015 | NIRALI PARTH SHAH | Non-Executive - Independent Director | Member | 30-11-2024 | ||
Other Committee | ||||||
| Sr | DIN Number | Name of Committee members | Name of other committee | Category 1 of directors | Category 2 of directors | Remarks |
| 1 | 01988242 | BIJAL DINESHCHANDRA SANGHVI | MANAGEMENT COMMITTEE | Executive Director | Chairperson | |
| 2 | 01932029 | PURVI BIJAL SANGHVI | MANAGEMENT COMMITTEE | Executive Director | Member | |
| 3 | 09567072 | ANAND VINODCHANDRA SHAH | MANAGEMENT COMMITTEE | Executive Director | Member | |
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) | Total Number of Directors as on date of the meeting | Number of Directors present* (All directors including Independent Director) | No. of Independent Directors attending the meeting* |
| 1 | 06-09-2024 | Yes | 3 | 3 | 0 | |||
| 2 | 19-09-2024 | 12 | Yes | 3 | 3 | 0 | ||
| 3 | 07-11-2024 | 48 | Yes | 3 | 3 | 0 | ||
| 4 | 14-11-2024 | 6 | Yes | 3 | 3 | 0 | ||
| 5 | 30-11-2024 | 15 | Yes | 4 | 4 | 1 | ||
| 6 | 06-12-2024 | 5 | Yes | 7 | 7 | 3 | ||
| 7 | 16-12-2024 | 9 | Yes | 7 | 7 | 3 | ||
| 8 | 20-12-2024 | 3 | Yes | 7 | 7 | 3 | ||
| 9 | 21-12-2024 | 0 | Yes | 7 | 7 | 3 | ||
| 10 | 24-12-2024 | 2 | Yes | 7 | 7 | 3 | ||
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) | Total Number of Directors in the Committee as on date of the meeting | Number of Directors Present (All Directors including Independent Director) | No. of Independent Directors attending the meeting* | No. of members attending the meeting (other than Board of Directors) |
| 1 | Audit Committee | 06-12-2024 | Yes | 4 | 4 | 3 | 0 | |||
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 | NA | |
| 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 | NA | |
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 1000 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. | No | |
| 9 | Any comments/observations/advice of Board of Directors may be mentioned here: | Textual Information(1) | |
Annexure 1 | ||
| Sr | Subject | Compliance status |
| 1 | Name of signatory | Dipesh A. Panchal |
| 2 | Designation | Company Secretary and Compliance Officer |
Text Block | |
| Textual Information(1) | the Company was undergoing Corporate Insolvency Resolution Process initiated under the provisions of Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by the National Company Law Tribunal, Ahmedabad (Court-II) (Adjudicating Authority) vide Order dated 11th July, 2024, in IA No. 05 (Plan) of 2024 & IA 523 of 2024 in CP (IB) No. 268 of 2022 (order) and eventually the Honble National Company Law Tribunal, Ahmedabad Court-II (The NCLT) vide its order dated 11th July, 2024 approved the resolution plan submitted jointly by Mr. Bijal Dineshchandra Sanghvi (Lead Member) & M/s Axis Solutions Private Limited (Member) for the revival of Company along with the scheme of arrangement approved by Honble NCLAT, Principal Bench, New Delhi vide its order Company Appeal (AT) (Insolvency) No. 1475 of 2024 dated 27th August, 2024 and other chapters forming part of the Resolution Plan.
In accordance with the approved Resolution Plan, the new members of Board has been appointed and the constitution of committeee has been made |
Details of Cyber security incidence | ||
| Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter | No | |
| Number of cyber security incidence or breaches or loss of data event occurred during the quarter | ||
| Sr. | Date of the event | Brief details of the event |
Signatory Details | |
| Name of signatory | Dipesh A. Panchal |
| Designation of person | Company Secretary and Compliance Officer |
| Place | Ahmedabad |
| Date | 31-12-2024 |