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Name
Ms S A Panse
Date of birth
January 28, 1954
Brief résumé
Ms Panse is a Director of the Board since March 2015. She is the Chairman of
the Corporate Social Responsibility Committee of the Board.
qƙ ¡îŠƙĚ ĺîƙ ǪǨ NjĚîƑƙ ūlj ĚNJƎĚƑĿĚŠČĚ ĿŠ ƥĺĚ ǛĚŕē ūlj ċĿŠij îŠē ĺîƙ DžūƑŒĚē ĿŠ
various positions in the Banking industry, the last being as the Chairman and
Managing Director of Allahabad Bank Ltd.
qƙ ¡îŠƙĚ Džîƙ ƥĺĚ ĺîĿƑŞîŠ ūlj ƥĺĚ £ƭîŕĿƥNj ¤ĚDŽĿĚDž ūîƑē ūlj ƥĺĚ TŠēĿîŠ TŠƙƥĿƥƭƥĚ
ūlj ČƥƭîƑĿĚƙ ljūƑ î ƎĚƑĿūē ūlj ƥDžū NjĚîƑƙ îŠē î qĚŞċĚƑ ūlj ¡ c sîNjîŒ ūŞŞĿƥƥĚĚ ūŠ
Corporate Governance set up by the Reserve Bank of India.
Ms Panse holds a postgraduate degree in Science from Pune University,
postgraduate degree in Business Administration from Drexel University and is a
ĚƑƥĿǛĚē ƙƙūČĿîƥĚ ūlj ƥĺĚ TŠēĿîŠ TŠƙƥĿƥƭƥĚ ūlj ĚƑƙȦ
Directorship in other companies
Public companies
Cholamandalam MS General Insurance Company Ltd
IL&FS Investment Managers Ltd
KPIT Engineering Ltd
PNB Housing Finance Ltd
Sudarshan Chemical Industries Ltd
The Federal Bank Ltd
T I Financial Holdings Ltd
Membership in committees of other
companies
Chairman of committees
Cholamandalam MS General Insurance Company Ltd – Nomination and
Remuneration Committee
PNB Housing Finance Ltd – Audit Committee
PNB Housing Finance Ltd – Stakeholders Relationship Committee
T I Financial Holdings Ltd – Audit Committee
Member of committees
Cholamandalam MS General Insurance Company Ltd – Audit Committee
The Federal Bank Ltd – Audit Committee
¤ĚŕîƥĿūŠƙĺĿƎ DžĿƥĺ ūƥĺĚƑ 'ĿƑĚČƥūƑƙ
None
Number of shares held in the Company
50
Ms Panse, being eligible in terms of Section 149 and other applicable provisions of the Companies Act, 2013, offering herself
ljūƑ îƎƎūĿŠƥŞĚŠƥȡ Ŀƥ Ŀƙ ƎƑūƎūƙĚē ƥū îƎƎūĿŠƥ ĺĚƑ îƙ îŠ TŠēĚƎĚŠēĚŠƥ 'ĿƑĚČƥūƑ ljūƑ ƥĺĚ ƙĚČūŠē ƥĚƑŞ ūlj ǛDŽĚ ČūŠƙĚČƭƥĿDŽĚ NjĚîƑƙ ljƑūŞ
March 27, 2020 to March 26, 2025. A Notice has been received from a Member proposing Ms Panse as a candidate for the
ūljǛČĚ ūlj 'ĿƑĚČƥūƑ ūlj ƥĺĚ ūŞƎîŠNjȦ
In the opinion of the Board, Ms Panse:
i) possesses rich experience and expertise relevant to the Company
ĿĿȴ ljƭŕǛŕƙ ƥĺĚ ČūŠēĿƥĿūŠƙ ƙƎĚČĿǛĚē ĿŠ ƥĺĚ ūŞƎîŠĿĚƙ Čƥȡ ǨǦǧǩ îŠē ƥĺĚ ¤ƭŕĚƙ ŞîēĚ ƥĺĚƑĚƭŠēĚƑ
iii) is independent of the Management
Further, her proposed appointment is on the basis of the reports of her performance evaluation.
HĿDŽĚŠ ƥĺĚ îċūDŽĚȡ ČūƑƑūċūƑîƥĚē ċNj ƥĺĚ DŽîŕƭîċŕĚ ČūŠƥƑĿċƭƥĿūŠ ŞîēĚ ċNj qƙ ¡îŠƙĚȡ ƥĺĚ ūîƑē Ŀƙ ūlj ƥĺĚ DŽĿĚDž ƥĺîƥ ĺĚƑ ČūŠƥĿŠƭĚē
îƙƙūČĿîƥĿūŠ DžĿŕŕ ċĚ ċĚŠĚǛČĿîŕ ƥū ƥĺĚ ūŞƎîŠNjȦ
ČūƎNj ūlj ƥĺĚ ēƑîljƥ ŕĚƥƥĚƑ ljūƑ îƎƎūĿŠƥŞĚŠƥ ūlj qƙ ¡îŠƙĚ îƙ îŠ TŠēĚƎĚŠēĚŠƥ 'ĿƑĚČƥūƑ ƙĚƥƥĿŠij ūƭƥ ƥĺĚ ƥĚƑŞƙ îŠē ČūŠēĿƥĿūŠƙ DžĿŕŕ ċĚ
îDŽîĿŕîċŕĚ ljūƑ ĿŠƙƎĚČƥĿūŠ DžĿƥĺūƭƥ îŠNj ljĚĚ ċNj ƥĺĚ qĚŞċĚƑƙ îƥ ƥĺĚ ƑĚijĿƙƥĚƑĚē ūljǛČĚ ūlj ƥĺĚ ūŞƎîŠNj ēƭƑĿŠij ŠūƑŞîŕ ċƭƙĿŠĚƙƙ ĺūƭƑƙ
ūŠ îŠNj DžūƑŒĿŠij ēîNjȦ
qƙ ¡îŠƙĚ ēūĚƙ Šūƥ ĺūŕē ċNj ĺĚƑƙĚŕlj ūƑ ƥūijĚƥĺĚƑ DžĿƥĺ ĺĚƑ ƑĚŕîƥĿDŽĚƙ ƥDžū ƎĚƑČĚŠƥ ūƑ ŞūƑĚ ūlj ƥĺĚ ƥūƥîŕ DŽūƥĿŠij ƎūDžĚƑ ūlj ƥĺĚ ūŞƎîŠNjȦ
Accordingly, the Board recommends the resolution in item number 7 in relation to appointment of Ms Panse as an Independent
Corporate Overview 01-22
Statutory Reports 23-105
Financial Statements 107-250
102
Atul Ltd | Annual Report 2018-19