General information about company

Scrip code538942
NSE SymbolNOTLISTED
MSEI SymbolNOTLISTED
ISININE689O01013
Name of the entityMercantile Ventures Limited
Date of start of financial year01-04-2024
Date of end of financial year31-03-2025
Reporting QuarterQuarterly
Date of Report30-06-2024
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)
Whether the listed entity has a Regular ChairpersonNo
Whether Chairperson is related to MD or CEONo
SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directors Date of Birth
1MrB NarendranAAPPN0488E01159394Non-Executive - Independent DirectorNot Applicable22-06-1945
2MrAL Chandramouli AADPC4337R02299091Non-Executive - Independent DirectorNot Applicable07-08-1946
3MrsSashikala SrikanthAAIPS8299K01678374Non-Executive - Independent DirectorNot Applicable09-11-1956
4MrE N RangaswamiAAJPR6852N06463753Executive DirectorNot Applicable28-10-1955
5MrGovindarajan Dattatreyan SharmaABBPS6163Q08060285Non-Executive - Independent DirectorNot Applicable19-06-1954
6MrK GopalakrishnanADJPG8965A00621061Non-Executive - Non Independent DirectorNot Applicable18-05-1966

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) & 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
1Yes02-08-201903-02-201703-02-202289.1755105
2Yes02-08-201925-03-201525-03-2020111.252232
3No25-03-201525-03-2020111.255584
4NA05-12-201205-12-20212030
5No12-06-202012-06-202049.83340
6No12-06-20201010


Text Block

Textual Information(1)
More than half of the Board of Directors comprise of Independent Directors. Hence we submit that we are in compliance with Reg 17 of SEBI (LODR) Regulations




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
102299091AL Chandramouli Non-Executive - Independent DirectorChairperson20-03-2017
201159394B NarendranNon-Executive - Independent DirectorMember20-03-2017
301678374Sashikala SrikanthNon-Executive - Independent DirectorMember20-03-2017


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
101159394B NarendranNon-Executive - Independent DirectorChairperson20-03-2017
208060285Govindarajan Dattatreyan SharmaNon-Executive - Independent DirectorMember13-08-2020
301678374Sashikala SrikanthNon-Executive - Independent DirectorMember20-03-2017


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
102299091AL Chandramouli Non-Executive - Independent DirectorChairperson20-03-2017
201678374Sashikala SrikanthNon-Executive - Independent DirectorMember11-02-2019
300621061K GopalakrishnanNon-Executive - Non Independent DirectorMember13-08-2020
406463753E N RangaswamiExecutive DirectorMember20-03-2017


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 ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
101678374Sashikala SrikanthNon-Executive - Independent DirectorChairperson11-02-2019
200621061K GopalakrishnanNon-Executive - Non Independent DirectorMember13-08-2020
306463753E N RangaswamiExecutive DirectorMember11-02-2019


Other Committee

SrDIN NumberName of Committee membersName of other committeeCategory 1 of directorsCategory 2 of directorsRemarks
101159394B NarendranInvestment CommitteeNon-Executive - Independent DirectorChairperson
200621061K GopalakrishnanInvestment CommitteeNon-Executive - Non Independent DirectorMember
306463753E N RangaswamiInvestment 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)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*
105-01-2024Yes664
209-02-202434Yes664
321-03-202440Yes664
423-05-202462Yes664



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)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 Committee05-01-2024Yes3330
2Audit Committee09-02-202434Yes3330
3Audit Committee21-03-202440Yes3330
4Audit Committee23-05-202462Yes3330
5Stakeholders Relationship Committee21-03-2024Yes4320
6Nomination and remuneration committee23-05-202462Yes3330



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)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)
7Corporate Social Responsibility Committee09-02-2024Yes3310
8Corporate Social Responsibility Committee21-03-202440Yes3210



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


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 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 signatoryOberoi Jangit M
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 signatoryOberoi Jangit M
Designation of personCompany Secretary and Compliance Officer
PlaceChennai
Date19-07-2024