M/s. Authum Investment & Infrastructure Ltd was incorporated in 1982, and is listed on Bombay Stock Exchange Limited and Calcutta Stock Exchange Limited. M/s Authum Investment & Infrastructure Ltd is a registered NBFC carrying on the business of investment in shares and securities and also financing activities to achieve the goal of enhancing the value for its stakeholders.
Authum has acquired Reliance Commercial Finance Limited as certain Lenders of the Company (Banks and other Financial Institutions) have entered into an Inter-Creditor Agreement (ICA) for arriving at the debt resolution plan in accordance with the circular dated June 7, 2019 issued by the Reserve Bank of India on Prudential Framework for Resolution of Stressed Assets. Lenders have selected Authum Investment and Infrastructure Limited as the successful Bidder to acquire the Company and / or all its assets through a competitive bidding process after several rounds of negotiations between the bidders and the Lenders. The implementation of the resolution plan by the successful bidder is subject to approval of non-ICA Lenders, shareholders, regulatory authorities. Honorable Supreme Court of India by the order dated August 30, 2022 has approved the Resolution Plan and Company along with its Lenders and successful Resolution Applicant is executing the Resolution Plan.
Pursuant to the above, Reliance Commercial Finance Limited is a Wholly Owned Subsidiary of Authum.
Weblink of of Reliance Commercial Finance Limited is https://www.reliancemoney.co.in/
Board of Directors and Key Managerial Personel
Mr. Divy Dangi - Whole Time Director w.e.f. 07/08/2024
Mrs. Alpana Sanjay Dangi - Non-Executive Non Independent Director
Mr. Amit Dangi - Whole Time Director
Mr. Akash Suri - Whole Time Director and Chief Executive Officer (appt w.e.f. 27/09/2023)
Mr. Haridas Bhat - Independent Director
Mr. Rahul Bagaria - Independent Director
Mrs. Asha Agarwal - Independent Director (appt w.e.f. 21/11/2023)
Ms. Bhaviika Jain - Independent Director
Mr. Deepak Dhingra - Chief Financial Officer
Mr. Hitesh Vora - Company Secretary & Compliance Officer
CODE OF CONDUCT
For Directors Senior Management
1.Fulfill the functions of the office with integrity as well as professionalism and exercise the powers attached thereto, with due care and diligence.
2.Act in the best interests of, and fulfill the fiduciary obligations to the Company’s shareholders, whilst also considering the interests of other stakeholders.
3.Take informed business decisions based on independent judgment and in the best interests of the Company, not influenced by personal interest or gain.
4.Respect the confidentiality of information and use utmost discretion whilst deciding its disclosure or dissemination, ensuring that no personal advantage or detriment to the Company results from the same.
5.Make available to, and share information with fellow Directors/Executives when considered expedient in the best interests of the Company.
6.Protect and use the Company’s assets for legitimate business purposes and be alert to situations that could lead to loss or misuse of these assets.
7.Minimise any situation or action that can create conflict of interests of the Company vis-à-vis personal interest or interests of associated persons, and make adequate disclosures, where necessary.
8.Act in a manner that will protect the Company’s reputation.
9.Encourage reporting of behavior, which is contrary to the Company’s “Values”, and ensure that the person reporting such violation is not aggrieved in any manner.
10.Comply, in spirit and in letter, with all applicable laws, rules and regulations, and also honour the philosophy of “good faith”, guided by one’s sense of right and wrong.
11.Abide by the relevant terms of the Code on Prevention of Insider Trading formulated by the Company, and any other Code that may be formulated from time to time, as applicable.
12.Adhere to the terms of the powers delegated by the Board.
13.Whilst entering into contracts with Service Providers and Consultants, protect the arrangement for disclosure or dissemination of confidential information.
14.Establish processes and systems for storage, retrieval and dissemination of documents, both in physical and electronic form, so that the obligations of this Code of Conduct are fulfilled.
15.Raise concerns, if any, on the above issues, at a Board Meeting.
PRINCIPAL BANKER
HDFC Bank
Axis Bank
JOINT AUDITORS
M/s. Maharaj N R Suresh and Co. LLP
,
Chartered Accountants
9, (0ld 5) II Lane, II Main Road
Trustpuram
Chennai – 600024
&
APAS and CO LLP
Chartered Accountants
606. 6th Floor, PP City Centre,
Road No. 44, Pitampura,
Delhi - 110034
REGISTRAR & SHARE TRANSFER AGENTS
Maheswari Datamatics Pvt. Ltd.
23 R.N. Mukherjee Road, 5th Floor, Kolkata - 700001
Phone: (033) 2243 5029/2248-2248/2231-6839
Fax: (033)2248 4787
Email: info@mdpl.in, mdpldc@yahoo.com
COMPANY SECRETARY & COMPLIANCE OFFICER
Mr. Hitesh Vora
707, Raheja Centre,
Free Press Journal Marg, Nariman Point,
Mumbai: 400021
Phone No.(022) 67472117
Email: secretarial@authum.com
KMP's authorized to determine materiality of event
Mr. Amit Dangi, Whole Time Director / Mr. Hitesh Vora, Company Secretary & Compliance Officer
707, Raheja Centre,
Free Press Journal Marg, Nariman Point,
Mumbai: 400021
Phone No.(022) 67472117
Email: info@authum.com
|
Audit Committee |
Mr. Haridas Bhat – Chairman Mr. Rahul Bagaria – Member Mr. Amit Dangi - Member |
| Nomination & Remuneration Committee | Mr. Rahul Bagaria – Chairman Mrs. Alpana Dangi - Member Mr. Haridas Bhat – Member |
| Stakeholders Relationship Committee |
Mr. Rahul Bagaria – Chairman Mr. Amit Dangi - Member Mr. Haridas Bhat – Member |
| Corporate Social Responsibility Committee | Mrs. Bhaviika Jain – Chairman Mr. Amit Dangi - Member Mr. Rahul Bagaria – Member |
| Risk Management Committee | Mr. Amit Dangi – Chairman Mr. Divy Dangi – Member Mr. Haridas Bhat – Member |