Corporate Governance Report sep 2022

Board and Organisation

General information about company

Scrip code 500113
NSE Symbol SAIL
MSEI Symbol NA
ISIN INE114AO1011
Name of the entity STEEL AUTHORITY OF INDIA LIMITED
Date of start of financial year 01-04-2022
Date of end of financial year 31-03-2023
Reporting Quarter Half Yearly
Date of Report 30-09-2022
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 related to Promoter No Disqualification of Directors under section 164 of the Companies Act, 2013  
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 the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status 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 No       Active NA   01-03-2017 01-03-2017     1 0 0 0    
2 Mr Nidgurti Shankarappa ASKPS4117J 08609086 Non-Executive - Independent Director Not Applicable   06-08-1947 No       Active No   13-11-2019 13-11-2019   35 1 1 2 0    
3 Mr Anirban Dasgupta AAKPD7192C 06832261 Executive Director Not Applicable   29-04-1965 No       Active NA   01-02-2020 01-02-2020     1 0 1 0    
4 Mr Amarendu Prakash AECPP8611C 08896653 Executive Director Not Applicable   12-09-1970 No       Active 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 the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status 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 Ms Sukriti Likhi AABPL1293M 01825997 Non-Executive - Nominee Director Not Applicable   04-08-1968 No       Active NA   23-04-2021 23-04-2021     4 0 0 0    
6 Mr Kanhaiya Sarda ATQPS4348N 06792668 Non-Executive - Independent Director Not Applicable   31-12-1969 No       Active Yes 13-07-2022 12-11-2021 12-11-2021   11 1 1 1 0    
7 Mr Ashok Kumar Tripathy AAMPT8886H 02485365 Non-Executive - Independent Director Not Applicable   15-08-1956 No       Active Yes 13-07-2022 08-11-2021 08-11-2021   11 1 1 1 0    
8 Mr Gopal Singh Bhati ABVPB3361M 09406763 Non-Executive - Independent Director Not Applicable   26-01-1966 No       Active Yes 13-07-2022 18-11-2021 18-11-2021   10 1 1 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 the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status 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 Ms Neelam Sonker CEMPS2742K 03111659 Non-Executive - Independent Director Not Applicable   11-02-1973 No       Active Yes 13-07-2022 15-11-2021 15-11-2021   11 1 1 2 1    
10 Mr Sagi Kasi Viswanatha Raju AWLPS8390J 00434856 Non-Executive - Independent Director Not Applicable   06-11-1967 No       Active Yes 13-07-2022 16-11-2021 16-11-2021   10 1 1 2 1    
11 Mr Vejendla Srinivasa Chakravarthy AAVPV1952D 09370715 Executive Director Not Applicable   16-06-1965 No       Active NA   24-12-2021 24-12-2021     1 0 0 0    
12 Mr Atanu Bhowmick ACCPB5534G 08891338 Executive Director Not Applicable   22-12-1964 No       Active NA   11-02-2022 11-02-2022     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 the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status 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
13 Mr Brijendra Pratap Singh AJBPS7436E 08665585 Executive Director Not Applicable   01-03-1968 No       Active NA   19-04-2022 19-04-2022     1 0 0 0    
14 Mr K.Jayaprasad ADWPK9086F 09585722 Non-Executive - Independent Director Not Applicable   11-05-1960 No       Active Yes 13-07-2022 26-04-2022 26-04-2022   5 1 1 1 0    
15 Mr Abhijit Narendra ABFPN2809N 07851224 Non-Executive - Nominee Director Not Applicable   14-09-1966 No       Active NA   27-04-2022 27-04-2022     1 0 0 0    
16 Mr Anil Kumar Tulsiani ABRPT4143M 08742907 Executive Director Not Applicable   06-03-1965 No       Active NA   20-06-2022 20-06-2022     1 0 1 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 the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status 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
17 Mr Krishna Kumar Singh AKLPS4946G 09310667 Executive Director Not Applicable   01-07-1967 No       Active NA   25-08-2022 25-08-2022     1 0 1 0    
18 Mr Arvind Kumar Singh AHPPS9921E 09725842 Executive Director Not Applicable   03-11-1964 No       Active NA   03-09-2022 03-09-2022     1 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 00434856 Sagi Kasi Viswanatha Raju Non-Executive - Independent Director Chairperson 28-12-2021    
2 08609086 Nidgurti Shankarappa Non-Executive - Independent Director Member 30-09-2020    
3 02485365 Ashok Kumar Tripathy Non-Executive - Independent Director Member 28-12-2021    
4 03111659 Neelam Sonker Non-Executive - Independent Director Member 28-12-2021    
5 06792668 Kanhaiya Sarda Non-Executive - Independent Director Member 28-12-2021    
6 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 02485365 Ashok Kumar Tripathy Non-Executive - Independent Director Chairperson 28-12-2021    
2 06845389 Soma Mondal Executive Director Member 01-01-2021    
3 08609086 Nidgurti Shankarappa Non-Executive - Independent Director Member 30-09-2020    
4 00434856 Sagi Kasi Viswanatha Raju Non-Executive - Independent Director Member 28-12-2021    
5 09406763 Gopal Singh Bhati Non-Executive - Independent Director Member 28-12-2021    
6 07851224 Abhijit Narendra Non-Executive - Nominee Director Member 27-04-2022    
 

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 03111659 Neelam Sonker Non-Executive - Independent Director Chairperson 28-12-2021    
2 08609086 Nidgurti Shankarappa Non-Executive - Independent Director Member 30-09-2020    
3 00434856 Sagi Kasi Viswanatha Raju Non-Executive - Independent Director Member 28-12-2021    
4 09585722 K.Jayaprasad Non-Executive - Independent Director Member 03-07-2022    
5 09310667 Krishna Kumar Singh Executive Director Member 25-08-2022    
6 06845389 Soma Mondal Executive Director Member 11-12-2020 24-08-2022  
7 08742907 Anil Kumar Tulsiani Executive Director Member 20-06-2022    
 

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 00434856 Sagi Kasi Viswanatha Raju Non-Executive - Independent Director Chairperson 28-12-2021    
2 06845389 Soma Mondal Executive Director Member 01-03-2017 02-09-2022  
3 09370715 Vejendla Srinivasa Chakravarthy Executive Director Member 27-12-2021    
4 08609086 Nidgurti Shankarappa Non-Executive - Independent Director Member 12-11-2020    
5 08742907 Anil Kumar Tulsiani Executive Director Member 20-06-2022    
6 09310667 Krishna Kumar Singh Executive Director Member 25-08-2022    
7 09725842 Arvind Kumar Singh Executive Director Member 03-09-2022    
 

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) 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 27-04-2022       Yes 16 15 7
2 09-05-2022   11   Yes 15 15 7
3 23-05-2022   13   Yes 15 15 7
4   29-07-2022 66   Yes 16 15 6
5   10-08-2022 11   Yes 16 16 7
6   23-09-2022 43   Yes 18 18 7


 

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 as on date of the meeting Number of Directors (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 23-05-2022       Yes 6 6 5 0
2 Audit Committee 29-07-2022 66     Yes 6 6 5 0
3 Audit Committee 10-08-2022 11     Yes 6 6 5 0
4 Audit Committee 23-09-2022 43     Yes 6 6 5 0
5 Nomination and remuneration committee 24-04-2022       Yes 6 6 4 0
6 Risk Management Committee 11-05-2022 16     Yes 3 3 2 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 Yes  
2 Whether shareholder approval obtained for material RPT Yes  
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 1000 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 ANIL KUMAR TULSIANI    
Designation CFO    
Place NEW DELHI    
Date 07-10-2022    
 

Signatory Details

Name of signatory M.B.BALAKRISHNAN
Designation of person Company Secretary
Place NEW DELHI
Date 07-10-2022