General information about company

Scrip code531541
Name of the entityAVON LIFESCIENCES LTD
Date of start of financial year01-04-2016
Date of end of financial year31-03-2017
Reporting QuarterQuarterly
Date of Report30-06-2016
Risk management committeeNot Applicable



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
Is there any change in information of board of directors compare to previous quarter
SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directorsDate of appointment in the current term Date of cessationTenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 25(1) of Listing Regulations)     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)Notes
1MrMANOJ JAINAABPJ8807B00034727Executive DirectorNot ApplicableMD05-08-201525-04-2016000
2MsKOMAL TIBREWALAFGPT6799E05186391Non-Executive - Independent DirectorNot ApplicableShareholder Director06-05-201509-06-201613000



Annexure 1

II. Composition of Committees

Disclosure of notes on composition of committees explanatory
Is there any change in information of committees compare to previous quarter
SrName Of CommitteeName of Committee membersCategory 1 of directorsCategory 2 of directorsName of other committee
1Audit CommitteeAJIT KAMATHNon-Executive - Non Independent DirectorChairperson
2Audit CommitteeRAJENDRA KAIMALNon-Executive - Non Independent DirectorMember
3Nomination and remuneration committeeAJIT KAMATHNon-Executive - Non Independent DirectorMember
4Nomination and remuneration committeeRAJENDRA KAIMALNon-Executive - Non Independent DirectorChairperson
5Stakeholders Relationship CommitteeAJIT KAMATHNon-Executive - Non Independent DirectorChairperson
6Stakeholders Relationship CommitteeRAJENDRA KAIMALNon-Executive - Non Independent 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)
112-02-2016
225-04-201672
330-05-201634



Annexure 1

IV. Meeting of Committees

Disclosure of notes on meeting of committees explanatory
SrName of CommitteeDate(s) of meeting of the committee in the relevant quarterWhether requirement of Quorum met (Yes/No)Requirement of Quorum met (details)Date(s) of meeting of the committee in the previous quarterMaximum gap between any two consecutive meetings (in number of days)Name of other committee
1Audit Committee30-05-2016NoNO, composition of committee is not as per LODR12-02-2016107



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 RPTNA
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, 2015No
2The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit CommitteeNo
3The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committeeNo
4The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committeeNo
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 100 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.No
8This report and/or the report submitted in the previous quarter has been placed before Board of Directors.Yes
9Any comments/observations/advice of Board of Directors may be mentioned here:Textual Information(1)



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Textual Information(1)

Due to ongoing investigation against the Company in connection with the Drug Seizure case investigated by the Thane Police, Maharashtra the manufacturing unit of the Company situated at Solapur was sealed by the investigating authorities.

All the accounting records of the Company were prima facie being maintained at the Solapur facility itself with certain backups being available at the corporate office at Mumbai.

Due to the above the Company was not in a position to get the account entries completed and thereby the statutory audit could not get completed within the prescribed time lines.




Signatory Details

Name of signatoryAJIT KAMATH
Designation of personDirector
PlaceMUMBAI
Date11-11-2016