Balurghat Technologies Ltd. — Board/Management Information 2021

Sep 30, 2021

BALURGHAT TECHNOLOGIES LIMITED

(Formerly: Balurghat Transport Co. Ltd) 170/2C, A.JC. Bose Road Kolkata-700014 Phone No.: (033) - 22866404 Email ID: kolkata@balurghat.co.in Website: www.balurghat.co.in

CIN: L60210WB1993PLC059296

The Deputy General Manager The Bombay Stock Exchange Ltd P. J. Towers, 25th Floor Dalal Street, Mumbai-400001

Date: 30-09-2021

Dear Sir,

Re: Script Code: 520127

SUB: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Members of the Company at its 27[th] Annual General Meeting held on 30th September, 2021, have approved the following:

Re-appointment of Directors

1. Re-appointment of Mr. Arun Kumar Sethia (DIN: 00001027) as the Whole-time Director of the Company w.e.f. 29th October, 2021 for a term of 5 years.

2. Re-appointment of Mr. Pawan Kumar Sethia (DIN: 00482462) as the Whole-time Director of the Company w.e.f. 22nd February, 2022 for a term of 5 years- Annexure 1

Appointment of Statutory Auditors

3. Appointment of Statutory Auditors, M/s Vineet Kapoor & Associates, Chartered Accountants (Firm registration no. 322381E) to fill up the Casual Vacancy in the Office of Statutory Auditor. The appointment is for a term of five years- Annexure 2

The details of the Directors in terms of the SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9[th] September, 2015 is enclosed.

This is for your information & record.

Thanking You,

For Balurghat Technologies Ltd

==> picture [116 x 39] intentionally omitted <==

==> picture [77 x 62] intentionally omitted <==

Arti Dugar (Company Secretary) ACS: 55175

Encl: As Above

BALURGHAT TECHNOLOGIES LIMITED

(Formerly: Balurghat Transport Co. Ltd)

170/2C, A.JC. Bose Road Kolkata-700014 Phone No.: (033) - 22866404 Email ID: kolkata@balurghat.co.in Website: www.balurghat.co.in

CIN: L60210WB1993PLC059296

Annexure-1

nnexure-1
Name of the Director	Arun Kumar Sethia	Pawan Kumar Sethia
DIN	00001027	00482462
Date of Birth	16/01/1959	04/11/1956
Age(inyears)	62years	64years
Educational Qualification	Graduate in Commerce Background	Graduate in Commerce Background
Experience (including expertise in specific functional areas)/ Brief resume	More than 25 Years of Experience in Transport Sector	Mr. Pawan Kumar Sethia steers the operations of Balurghat Technologies Ltd. For more than 25 years, he has worked closely with the team to enhance company protocols and continually raise the bar for strategic operations. Joining the Group at the age of 18 Mr. Pawan Kumar Sethia has served the group for almost 4 decades, he is known for his keen leadership. He oversees the planning, designing and funding of new projects, with a view to directing the Group, towards optimum utilization of resources and funds.
Terms and Conditions of Appointment/ Reappointment	Re-Appointment	Re-Appointment
Details of Remuneration sought to bepaid	200000 per month	200000 per month
Shareholding in the Company	6798 shares	26600 shares
Directorships in other Companies	None	Vivek Outsourcing Services Private Limited
Membership/ Chairmanship of Committees of the Boards of other Companies	Member of Audit Committee & Stakeholder Relationship Committee	None
Disclosure of relationship between directors inter-se	Brother of Mr. Pawan Kumar Sethia, ManagingDirector	Brother of Mr. Arun Kumar Sethia, Executive Director

==> picture [78 x 75] intentionally omitted <==

BALURGHAT TECHNOLOGIES LIMITED

(Formerly: Balurghat Transport Co. Ltd) 170/2C, A.JC. Bose Road Kolkata-700014 Phone No.: (033) - 22866404 Email ID: kolkata@balurghat.co.in Website: www.balurghat.co.in

CIN: L60210WB1993PLC059296

Annexure-2

Brief profile:-

• a. Name of the Statutory Auditors : M/s. Vineet Kapoor & Associates, Chartered Accountants (Firm Reg. No. 322381E)

b. Date of Appointment : 30th July, 2021

• c. Reasons for Appointment : To fill up the Casual Vacancy in the Office of Statutory Auditor.

• d. Term of Appointment : The appointment is for a term of five years and subject to approval of shareholders of the Company in upcoming annual general meeting of the Company..

• e. Brief Profile of the Audit Firm : M/s. Vineet Kapoor & Associates, Chartered Accountants (Firm Reg. No. 322381E), the firm has two partners details about them provided below. Each partner tries to provide personalized, responsive and caring services to all business sizes.

• Mr. Vineet Kapoor, FCA, ACMA, DISA (ICAI), Certificate Course of Concurrent Audit (ICAI), Certificate Course on Anti Money Laundering (ICAI), Certificate Course on Forensic Audit and Fraud Detection(ICAI)(Membership No.56466)

Having qualified as a Chartered Accountant, began his career in 1993 by laying down the foundation of this firm. An eminent figure in the professional circle, he is having vast experience in the fields of audit and taxation and has worked with corporate clients, nationalized banks and has provided them services of statutory audit, internal audit, tax advises and financial restructuring.

1. Argha Banerjee, B.Com (H), FCA, DISA(ICAI)(CA MembershipNo.069985)

He is responsible in the taxation matters of the firm and has also been actively involved in process audit.

Staff Strength (Graduates & Semi Qualified Chartered Accountants only)

The firm recognizes its staff as its assets and continuously trains and develops them as an individual. This aspect of our business is critical considering the rapid changes in the fields of audit and taxation and client requirements. Some of the staffs are office based while majority work at clients premises carrying on audit assignments.

Our total staff strength is 08.

Infrastructure

BALURGHAT TECHNOLOGIES LIMITED

(Formerly: Balurghat Transport Co. Ltd) 170/2C, A.JC. Bose Road Kolkata-700014 Phone No.: (033) - 22866404 Email ID: kolkata@balurghat.co.in Website: www.balurghat.co.in CIN: L60210WB1993PLC059296

The firm’s office is located in central Kolkata where major banks and other financial sectors have their offices. Being a twenty Six year old firm, it has developed a sound information technology system with modern computers laptops and internet connections. Has a spacious office with all modern facilities required for executing the work.

Empanelment/Membership

The firm has been empaneled with various prestigious bodies’ details of which are given below:

Reserve Bank of India (empanelment No.073339) Category-III

High Court, Kolkata Comptroller & Auditor General of India (empanelment No.CA0850)

Confederation of Indian Industry. CII - E0912P Govt. Aided Schools & Colleges West Bengal State Marketing Board.

==> picture [78 x 76] intentionally omitted <==