WEBVTT

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Sweta Mishra: Welcome to the 9th meeting of Service care Limited.

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Sweta Mishra: Here we join this meeting, for you have all the agendas for the meeting. I call for the quorum, for the attendance of all the directors, and the mode through which they are joining

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Sweta Mishra: Anil Kumar.

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Service Care: Yeah, Hi, this is anil. I'm attending this meeting from Bangalore corporate office.

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Sweta Mishra: Okay. Sledge done.

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Service Care: Hi! I'm attending briefing. I'm attending the meeting from our corporate office, and

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Service Care: I confirm that the answers from Amit.

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Sweta Mishra: Okay. Amit Kumarakeja, Cfo and Director.

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Service Care: Good evening. This is Amit Rakicha. I confirm that I'm attending this meeting from the corporate office in Bangalore, along with Anil and Shani in the same room, and there's no one other than them.

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Sweta Mishra: Okay, and pushpe. V. Mukingja. Okay.

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Ajay Kumar: Okay.

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pushpy muricken: This is joining from Kochi.

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pushpy muricken: To the board meeting of service care. I confirm that you received that agenda papers, and also confirm that no one else is there in my room. Thank you.

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Sweta Mishra: Thank you. Ashok ajay kumar Bhatia.

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Ajay Kumar: Good evening, everyone. This is Ajay here, independent director. I've received the notice and agenda

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Ajay Kumar: I am attending this meeting from Chennai. No one apart from me, has access to this meeting.

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Sweta Mishra: Thank you. Bharat Kumar, Jan.

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Service Care: Absolutely.

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Sweta Mishra: He's up.

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Sweta Mishra: We are taking the leave of absence and granting him leave of absence for this meeting.

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Sweta Mishra: Now I request you to elect the chairman for this meeting to proceed. The agenda.

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Service Care: What kind of project you think, bye, for you could be you and.

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pushpy muricken: Yeah, yeah, I can be the chair. No problem, no case, no. Yeah.

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Sweta Mishra: Okay, then, for this meeting

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pushpy muricken: Jay. Yeah, actually, you're not audible, neither are you visible. Is it possible for you to make yourself visible for a while.

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Ajay Kumar: Video is not working. I mean trying that. Only so just I'm trying on the back. I think, yeah.

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pushpy muricken: This is fine, you know some part of recording.

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Ajay Kumar: It. I'm visible now.

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Service Care: Thank you. Good.

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pushpy muricken: Yes, Shweta, you can note the appointment, and I request you to proceed with the agenda.

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Sweta Mishra: Okay. 1st is done. Appointment of chairman. Koram is also present in the meeting, and we have granted leave of absence to Mr. Bharat Kumar Jain. For this meeting.

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Sweta Mishra: Add.

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Sweta Mishra: we took the attendance also. I'm going one by one screen, is there? We took the and the minutes of last.

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Sweta Mishra: Is there any interest of director in this resolution for the appointment of

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Sweta Mishra: company secretary and accepting the resignation of the Company secretary? There is 2 main agenda we are going to deal with in this meeting.

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Sweta Mishra: Is there any interest of.

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pushpy muricken: No, I'm not kidding interested.

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Ajay Kumar: No, I am also not interested.

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Service Care: Nor am I having any interest.

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Sweta Mishra: Okay?

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Sweta Mishra: The minutes of previous board meeting that held on 3rd 23rd of December are circulated over the mail. I think all of

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Sweta Mishra: you get that that minutes of here. I confirm the minutes of the last Board meeting.

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Service Care: Yeah. Received the same. Even. I received the same.

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Ajay Kumar: Yeah. Even I've received.

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Sweta Mishra: Okay.

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Sweta Mishra: Now, I'm moving to the 8th agenda appointment of company secretary.

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Service Care: I'm sorry.

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pushpy muricken: Whatever the 7th item, you can just read it.

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Ajay Kumar: Okay.

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Sweta Mishra: The action taken report, the Llp. Is in progress with incorporation of Llp. Is in progress with Roc.

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Sweta Mishra: Mgt. 14, for the last board meeting is had been filed.

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Sweta Mishra: It's not updated here, but it has been filed. Okay. And second and 3rd one is this, sh, 7. It's a spending because of some technical error. With Roc

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Sweta Mishra: the complaint has been raised and Crf has been filed. We are up. We are waiting for the resolution from Mca side.

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Sweta Mishra: Once they resolve this query, we will file this. Sh. 7.

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Ajay Kumar: So we are going to incur additional fee for it.

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Sweta Mishra: This is increase of authorized capital.

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Ajay Kumar: Correct so generally for increase in authorized capital. So there is a penal provision like within 30 days, if it is not.

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Sweta Mishra: It is there. But we already raised the complaint and the master data showing the wrong data relating to your Comp. This service care limited.

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Sweta Mishra: so we are not able to file it.

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Service Care: To what we discussed in the last board meeting. Right? So the 3 columns are showing 3 different numbers. And it's a tech issue.

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Sweta Mishra: Yes.

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Service Care: Every time the tech, you know, a complaint is being raised, they are always coming back. We will resolve. So we have just maintained a letter that is sent to the Roc Bangalore, also stating that we are not at fault of this, and this is how the entire capital looks off, you know, so we're still waiting. But what you said is correct, Ajay. We may get a delayed paying channel.

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Sweta Mishra: M. Penalty.

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Service Care: Yeah, but.

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Ajay Kumar: Because this particular form? No, there is a penalty based on percentage of the capital.

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Ajay Kumar: Right? So I think if I'm not wrong, it should be some 1.5% or point 5% of the amount.

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Service Care: What we assume is when we spoke, that we are in complete compliance. Offline right? If there is a tech issue back end of theirs, which is where the issue is. So we should have the waiver given, but hypothetically that may be spoken, but reality is what you have said as per law, then there will be a penalty applicable.

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Service Care: so which today may not be.

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Ajay Kumar: Right.

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Service Care: No one will be able to commit on it.

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Ajay Kumar: Right.

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Ajay Kumar: Got it?

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Service Care: Okay.

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Service Care: Wake up to see.

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Sweta Mishra: Okay. Appointment of company, compliance office.

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Ajay Kumar: Of the company.

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Service Care: I'm looking.

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Ajay Kumar: Go ahead!

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Service Care: I have a query here. I think Pushpjay can sort this. 1st we need to resign and then appoint right? Or can we appoint and then ask someone to resign. Is both the options available.

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Ajay Kumar: See, it is taking note of the resignation and appointment is an independent. So you can take note and do the appointment. That will be

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Ajay Kumar: okay. It's super.

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Service Care: Okay. Go ahead. Sorry. Shweta.

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Ajay Kumar: No, no, it's good.

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Sweta Mishra: Appointed

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Sweta Mishra: of Miss Veena Kulkarni as a company secretary. She is member of Icsi. Indian Institute of Company, Secretaries of India, A. 6, 9, 22 6. Here I propose the resolution to be passed by all the directors.

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pushpy muricken: Okay.

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Service Care: I'm okay with it.

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pushpy muricken: Is she experienced?

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Service Care: Yeah, which is, she has worked with the listed entity, and she's gone through the entire process of, you know, raising capital bonus and all that, and

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Service Care: there was a lot of due diligence done by the 3 of us this time before appointing, and she is also present. So once we pass the resolution. I would want her to get herself introduced also.

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pushpy muricken: Oh, that's great!

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Service Care: We'll add up in the meeting. Once we have passed the resolution.

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Ajay Kumar: I think Nrc. Should be considered, considering she's a Kmp.

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pushpy muricken: The Nazi Committee.

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pushpy muricken: Yeah, it should actually go through. We have to have an Nrc also.

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Ajay Kumar: Since she's a kmp.

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Ajay Kumar: Great got it!

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Service Care: Okay, is that a mandate requirement? Because we've not done that previously, while appointing the Cs.

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pushpy muricken: That should ideally be done.

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Ajay Kumar: I think it should have been. Yeah, it should have gone through.

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Service Care: Okay, let me also check this because I checked on the few other companies. Also, I didn't see this. Nrc. But if you're saying, I think we'll have that regularized.

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pushpy muricken: Only because she said he manage manager person. Okay.

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Service Care: I think, in the Sme, I think in the Sme it was not a mandate, but I think we I will verify this and regularize.

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pushpy muricken: Okay.

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Ajay Kumar: Right.

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Service Care: Point noted. We will try and regularize this.

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pushpy muricken: Okay, yeah, as of now, since board has got more powers, let us accept this.

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Ajay Kumar: Yeah, I think we will take. Yeah, we are empowered to, you know. Do this. So the board and maybe we can have. You know the Nrc. So since the Nrc. Again consist of all our members here, so even maybe a resolution by separation will also be if.

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Ajay Kumar: though not allowed. But maybe a taking note, resolution can go there.

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pushpy muricken: In this case.

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Ajay Kumar: Yeah, because it cannot be taking note generally in a general scenario. But since the Board has already approved

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Ajay Kumar: it, can. The committee can be taking it over.

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Service Care: Perfect. So yeah, agree. And you know, to her appointment.

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Service Care: Okay, confirm.

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Sweta Mishra: Then I note that this agenda number 8 is approved by the board.

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pushpy muricken: Okay. Yeah.

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Sweta Mishra: Now adjacent. If you want her to introduce in this meeting, as he is appointed at Cs.

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Sweta Mishra: How to join.

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Service Care: Yeah, but we'll finish the resignation also approval of that regulation, and then maybe I'll ask you.

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Sweta Mishra: Okay, okay, then, this is the 9th approval and acceptance of resignation of existing company. Secretary.

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Sweta Mishra: I propose this resolution.

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pushpy muricken: Okay, what is the recent stated.

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Service Care: Wanted to burch you further.

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Service Care: Right? So that's that's exactly why meaning she could not pursue at service. Care for this.

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Ajay Kumar: It's up.

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Service Care: Okay, I think from my side, it's fine and accepted. Yeah.

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Service Care: do I think if it's okay with pushpy and.

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pushpy muricken: Yeah, it's okay.

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Ajay Kumar: Seems good.

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Service Care: Can can I get to join along and get introduced also? Now, yeah, sure.

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Sweta Mishra: Okay.

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pushpy muricken: It seems Bharat is in the waiting room.

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Sweta Mishra: Yes, no.

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pushpy muricken: If we can admit him, he can also get to know her.

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pushpy muricken: Hi Parrat.

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Service Care: Hey?

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Service Care: How's it going for me?

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Service Care: Okay, I think he's with someone.

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pushpy muricken: Yeah.

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Service Care: That's fine! That's fine!

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BK Jain: Hi! Sorry I could not join on time.

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pushpy muricken: That's okay, Bharat. So now, like, we are appointing a new company secretary.

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BK Jain: Okay. Okay. Okay.

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pushpy muricken: Ms. Veena, so she'll now be introduced to the board.

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Service Care: It's answer to join Button.

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BK Jain: And and you can record my attendance

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Sweta Mishra: Hopefully.

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BK Jain: I'm virtually attending this meeting from Delhi, and as of now, nobody is present in my room, so you can record my attendance.

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Service Care: That's the.

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Sweta Mishra: Leave of absence is canceled, and Mr. Bharat is present in this meeting.

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BK Jain: Yeah, please, thank you. And now we can proceed. Yeah.

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Sweta Mishra: Now.

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Service Care: Even Reena must be in the waiting room. If you can just check.

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Sweta Mishra: Yes!

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Service Care: Bye.

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Service Care: So, yeah.

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Sweta Mishra: Makes it.

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Service Care: I think Fitavena has joined.

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Sweta Mishra: I.

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pushpy muricken: Hi reena.

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Sweta Mishra: Good evening, Veena. Welcome to team.

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CS Veena Kulkarni: Hi, thank you so much.

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Service Care: So maybe Shani could introduce the other 3 directors to you, Meena, and then maybe you'll practicing in coaching.

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Service Care: and we have Ajay mate who is actually practicing Cs.

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Service Care: And we also have Bhara Chan, who is a chart accountant, also working in Chennai.

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BK Jain: Hi vino!

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CS Veena Kulkarni: Hello! Hello!

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Service Care: Yeah. And maybe Dina can introduce herself. Now.

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CS Veena Kulkarni: Yes, so hello, everyone. My name is Veena Kulkarni, and

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CS Veena Kulkarni: I have completed my Cs a few years back, and I was working as a compliance officer, and then I took a short break, and now I'm back at it. So very excited to be a part of service care, and eager to work as a compliance officer for the company.

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CS Veena Kulkarni: T.

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Sweta Mishra: Welcome to the team.

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CS Veena Kulkarni: Thank you so much.

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Service Care: We can proceed Straighta further.

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Sweta Mishra: Yes, any other agenda. As for the directors.

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Ajay Kumar: Any other business from me.

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Sweta Mishra: Want to discuss in this meeting.

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Ajay Kumar: New, nothing from me.

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Sweta Mishra: Okay, so share.

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pushpy muricken: We conclude.

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Sweta Mishra: Yes, I request, Chairman to conclude the meeting.

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BK Jain: Yeah, before that you can record my approval for the morning

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BK Jain: resolution, which was mentioned in the notice as such, and if there was no other agenda discussed then. Yes, we can go for the work. Yeah.

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pushpy muricken: Yeah, since there is no other agenda. Item.

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pushpy muricken: okay, as listed or or as raised by any of the directors, we shall conclude the meeting.

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pushpy muricken: and we also welcome Veena to the team.

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pushpy muricken: Thank you.

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Service Care: Thank you. Thank you very much.

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BK Jain: Thank you. Everyone.

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Sweta Mishra: And said also to all the directors, Cfo Cs.

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Sweta Mishra: And I conclude this meeting.

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Service Care: Thank you.

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CS Veena Kulkarni: Thank you so much.

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Service Care: Okay.

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Service Care: recording, stop recording.

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BK Jain: Yes, I think it's still getting recorded.

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pushpy muricken: Recording is still.

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Sweta Mishra: No, no, no! I have paused it. You can.

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BK Jain: No, it's still getting recorded.

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Service Care: Is getting recorded.

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BK Jain: It is getting recorded.

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Service Care: You can just stop the recording in the recording button.