General information about company

Scrip code530245
NSE SymbolNOTLISTED
MSEI SymbolNOTLISTED
ISININE032E01017
Name of the entityARYAMAN FINANCIAL SERVICES LIMITED
Date of start of financial year01-04-2024
Date of end of financial year31-03-2025
Reporting Quarter TypeYearly
Date of Quarter Ending31-03-2025
Type of companyEquity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity?Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity?Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity?Yes
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity?Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity?NoDuring the quarter there were no Ongoing Tax Litigations or Disputes. Therefore this Clause is not applicable to the Entity
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity?NoDuring the quarter this Clause was not applicable to the Entity.
Risk management committeeNot Applicable
Market Capitalisation as per immediate previous Financial YearTop 2000 listed entities
Is SCORE ID Available ?Yes
SCORE Registration ID mcb00014
Reason For No SCORE ID
Type of SubmissionOriginal
Remarks (website dissemination)
Remarks for Exchange (not for Website Dissemination)



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 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 Birth
1MrSHRIPAL SHAHBBTPS8152C01628855Executive DirectorChairperson10-11-1984
2MrSHREYAS SHAHBEOPS6554N01835575Executive DirectorNot Applicable22-02-1988
3MrsMELONI SHAHAKCPG1177C03342248Non-Executive - Non Independent DirectorNot Applicable25-05-1988
4MrPRASAD ANANT MULEY ANEPM5525H10531689Non-Executive - Independent DirectorNot Applicable08-04-1986
5MrPRAKASH LAVJI VAGHELA AAAPV6306Q07768595Non-Executive - Independent DirectorNot Applicable19-09-1973
6MrsDAMINI BAID BWDPB6436M10337935Non-Executive - Independent DirectorNot Applicable13-02-1995

I. Composition of Board of Directors

Disqualification of Directors under section 164 of the Companies Act, 2013

SrWhether the director is disqualified?Start Date of disqualificationEnd Date of disqualificationDetails of disqualificationCurrent status
1NoActive
2NoActive
3NoActive
4NoActive
5NoActive
6NoActive

I. Composition of Board of Directors

SrWhether 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 [with reference to proviso to regulation 17A(1) & reg. 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 CessationNotes for not providing PANNotes for not providing DIN
1NA24-10-200801-04-20243060
2NA29-05-201301-04-20244010
3NA04-02-201904-02-20241000
4NA04-03-202412.32200
5NA26-03-202412.086683
6NA26-03-202412.081120



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
107768595PRAKASH LAVJI VAGHELA Non-Executive - Independent DirectorChairperson01-04-2024
210337935DAMINI BAID Non-Executive - Independent DirectorMember01-04-2024
301628855SHRIPAL SHAHExecutive 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
110531689PRASAD ANANT MULEY Non-Executive - Independent DirectorChairperson04-03-2024
210337935DAMINI BAID Non-Executive - Independent DirectorMember01-04-2024
307768595PRAKASH LAVJI VAGHELA Non-Executive - Independent DirectorMember01-04-2024


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
107768595PRAKASH LAVJI VAGHELA Non-Executive - Independent DirectorChairperson01-04-2024
210337935DAMINI BAID Non-Executive - Independent DirectorMember01-04-2024
301628855SHRIPAL SHAHExecutive DirectorMember01-04-2014


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


Corporate Social Responsibility Committee

Whether the Corporate Social Responsibility Committee has a Regular Chairperson
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks


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
Sr. No.Date(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)Total Number of Directors as on date of the meetingNumber of Directors present* (All directors including Independent Director)No. of Independent Directors attending the meeting*
114-11-2024Yes663
225-01-202571Yes663
312-02-202517Yes663
421-03-202536Yes663



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 committeeReason for not providing dateWhether requirement of Quorum met (Yes/No)Total Number of Directors in the Committee as on date of the meetingNumber 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)
1Audit Committee14-11-2024Yes3320
2Audit Committee25-01-202571Yes3320
3Audit Committee12-02-202517Yes3320
4Nomination and remuneration committee24-05-2024Yes3330
5Nomination and remuneration committee12-02-2025263Yes3330



Annexure 1

V. 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 1000 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 signatory Reenal Khandelwal
2DesignationCompany Secretary and Compliance Officer



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)

I. Disclosure on website in terms of LODR Regulation

Sr

SrItemCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.Web address
As per regulation 46(2) of the LODR:
1.1Details of businessYeshttps://www.afsl.co.in/index.html
1.2Memorandum of Association and Articles of AssociationYeshttps://www.afsl.co.in/investor-relation.php
1.3Brief profile of board of directors including directorship and full-time positions in body corporatesYeshttps://www.afsl.co.in/investor-relation.php
2Terms and conditions of appointment of independent directorsYeshttps://www.afsl.co.in/investor-relation.php
3Composition of various committees of board of directorsYeshttps://www.afsl.co.in/investor-relation.php
4Code of conduct of board of directors and senior management personnelYeshttps://www.afsl.co.in/investor-relation.php
5Details of establishment of vigil mechanism/ Whistle Blower policyYeshttps://www.afsl.co.in/investor-relation.php
6Criteria of making payments to non-executive directorsYeshttps://www.afsl.co.in/investor-relation.php
7Policy on dealing with related party transactionsYeshttps://www.afsl.co.in/investor-relation.php
8Policy for determining ‘material’ subsidiariesYeshttps://www.afsl.co.in/investor-relation.php
9Details of familiarization programmes imparted to independent directorsYeshttps://www.afsl.co.in/investor-relation.php
10Email address for grievance redressal and other relevant detailsYeshttps://www.afsl.co.in/investor-relation.php
11Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievancesYeshttps://www.afsl.co.in/investor-relation.php
12Financial resultsYeshttps://www.afsl.co.in/investor-relation.php
13Shareholding patternYeshttps://www.afsl.co.in/investor-relation.php
14Details of agreements entered into with the media companies and/or their associatesNA

Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)

I. Disclosure on website in terms of LODR Regulation

Sr

As per regulation 46(2) of the LODR:
15.1(I) Schedule of analyst or institutional investor meet (II) Presentations prepared by the listed entity for analysts or institutional investors meet, post earnings or quarterly calls prior to beginning of such events.NA
15.2Audio recordings, video recordings, if any, and transcripts of post earnings or quarterly calls, by whatever name called, conducted physically or through digital meansNA
16New name and the old name of the listed entityNA
17Advertisements as per regulation 47 (1)Yeshttps://www.afsl.co.in/investor-relation.php
18Credit rating or revision in credit rating obtainedNA
19Separate audited financial statements of each subsidiary of the listed entity in respect of a relevant financial yearYeshttps://www.afsl.co.in/investor-relation.php
20Secretarial Compliance ReportYeshttps://www.afsl.co.in/investor-relation.php
21Materiality Policy as per Regulation 30 (4)Yeshttps://www.afsl.co.in/investor-relation.php
22Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5)Yeshttps://www.afsl.co.in/investor-relation.php
23Disclosures under regulation 30(8)Yeshttps://www.afsl.co.in/investor-relation.php
24Statements of deviation(s) or variations(s) as specified in regulation 32NA
25Dividend Distribution policy as per Regulation 43A(1)NA
26.1Annual return as provided under section 92 of the Companies Act, 2013Yeshttps://www.afsl.co.in/investor-relation.php
26.2Employee Benefit scheme documents framed in terms of SEBI (SBEB) Regulations, 2021NA
27Confirmation that the above disclosures are in a separate section as specified in regulation 46(2)Yeshttps://www.afsl.co.in/investor-relation.php
28Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updatingYeshttps://www.afsl.co.in/investor-relation.php


Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
1Independent director(s) have been appointed in terms of specified criteria of ‘independence’ and/or ‘eligibility’16(1)(b)Yes
2Board composition17(1), 17(1A) & 17(1C), 17(1D) & 17(1E)Yes
3Meeting of Board of directors17(2)Yes
4Quorum of Board meeting17(2A)Yes
5Review of Compliance Reports17(3)Yes
6Plans for orderly succession for appointments17(4)Yes
7Code of Conduct17(5)Yes
8Fees/compensation17(6)Yes
9Minimum Information17(7)Yes
10Compliance Certificate17(8)Yes

Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
11Risk Assessment & Management17(9)Yes
12Performance Evaluation of Independent Directors17(10)Yes
13Recommendation of Board17(11)Yes
14Maximum number of Directorships17AYes
15Composition of Audit Committee18(1)Yes
16Meeting of Audit Committee18(2)Yes
17Role of Audit Committee and information to be reviewed by the audit committee18(3)Yes
18Composition of nomination & remuneration committee19(1) & (2)Yes
19Quorum of Nomination and Remuneration Committee meeting19(2A)Yes
20Meeting of Nomination and Remuneration Committee19(3A)Yes

Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
21Role of Nomination and Remuneration Committee19(4)Yes
22Composition of Stakeholder Relationship Committee20(1), 20(2) & 20(2A)Yes
23Meeting of Stakeholders Relationship Committee20(3A)Yes
24Role of Stakeholders Relationship Committee20(4)Yes
25Composition and role of risk management committee21(1),(2),(3),(4)NA
26Meeting of Risk Management Committee21(3A)NA
27Quorum of Risk Management Committee meeting21(3B)NA
28Gap between the meetings of the Risk Management Committee21(3C)NA
29Vigil Mechanism22Yes
30Policy for related party Transaction23(1), (1A), (5), (6), & (8)Yes

Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
31Prior or Omnibus approval of Audit Committee for all related party transactions23(2), (3)Yes
32Approval for material related party transactions23(4)Yes
33Disclosure of related party transactions on consolidated basis23(9)Yes
34Composition of Board of Directors of unlisted material Subsidiary24(1)Yes
35Other Corporate Governance requirements with respect to subsidiary of listed entity24(2),(3),(4),(5) & (6)Yes
36Alternate Director to Independent Director25(1)NA
37Maximum Tenure25(2)Yes
38Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism25(2A)Yes
39Meeting of independent directors25(3) & (4)Yes
40Familiarization of independent directors25(7)Yes

Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
41Declaration from Independent Director25(8) & (9)Yes
42Directors and Officers insurance25(10)NA
43Confirmation with respect to appointment of Independent Directors who resigned from the listed entity25(11)NA
44Memberships in Committees26(1)Yes
45Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel26(3)Yes
46Policy with respect to Obligations of directors and senior management26(2) & 26(5)Yes
47Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity26(6)NA
48Vacancies in respect Key Managerial Personnel26A(1) & 26A(2), 26A(3)NA
Any other information to be provided - Add Notes




Annexure II

1Name of signatory Reenal Khandelwal
2DesignationCompany Secretary and Compliance Officer



Annexure II

III. Affirmations

SrParticularsCompliance status (Yes/No/NA)
1The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been compliedYes
Any other information to be provided




Annexure II

1Name of signatoryReenal Khandelwal
2DesignationCompany Secretary and Compliance Officer



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 quarterNo
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr.Date of the eventBrief details of the event



Signatory Details

Name of signatoryReenal Khandelwal
Designation of personCompany Secretary and Compliance Officer
Place Mumbai
Date05-04-2025



Investor Grievance Details

No. of investor complaints pending at the beginning of Quarter0
No. of investor complaints received during the Quarter0
No. of investor complaints disposed off during the Quarter0
No. of investor complaints those remaining unresolved at the end of the Quarter0



Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies- The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below:

Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No.Name of the unlisted company in which shares or voting rights have been acquiredDate of acquisitionAggregate holding (% shares or voting rights) as at the end of the previous quarter% shares or voting rights acquired during the quarterAggregate holding (% shares or voting rights) as at the end of the quarter
1ARYAMAN FINANCE (INDIA) LIMITED31-01-20250100100



Disclosure of Imposition of Fine or Penalty The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:

Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No.Name of the authorityNature and details of the action(s) taken or order(s) passedDate of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authorityDetails of the violation(s)/ contravention(s) committed or alleged to be committedImpact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1BSE Limited"In the current quarter, the Company received a fine from BSE for non-compliance with Regulation 44(3) of the SEBI (LODR) Regulations, 2015. The fine, amounting to Rs. 11,800 (including GST), was imposed for failing to file the XBRL of voting results for the Postal Ballot Meeting held on February 28, 2025. The fine was paid promptly on March 13, 2025.12-03-2025Non-submission of the voting results within the period provided under Regulation 44(3) of the SEBI (LODR) Regulations, 201511800