SPS Finquest Limited
Brief Information of the Directors
Former Chairman : Late Shri Pramod P. Shah
The Primary force behind the founding of SPS. As it is to be said everything rises and falls on leadership, under the leadership of Mr Pramod P Shah, SPS has achieved success because of his passion & long-term vision along with the strong persistence. Over a period of 40 years with a strong PR and a vast experience in Capital & Money Market. The Company has achieved its presence all over the country. His network with the who-is who has earned a goodwill and respect from established names like Shapoorji Pallonji Group.
Chairman : Shri Sandeep Pramod Shah
Excellence is not an accomplishment. It is a spirit, a never-ending process. A young, dynamic & passionate Shri Sandeep Pramod Shah has carried the legacy of Shri Pramod P Shah. With over 20 Years of experience in Capital Market, he believes to take SPS at the peak of success. He believes in philosophy that In real life, the most practical advice for leaders is not to treat pawns like pawns, nor princes like princes, but all persons like persons. A progressive mind with rich traditional value, he is been a catalyst in leveraging the value and strength of the organization for expansion and creating a financial powerhouse, based on the trust and goodwill with which the reigns of SPS has been handed over by his legendary predecessors.
Managing Director : Shri Girish Tulshiram Jajoo
Master degree holder in Business Administration and Commerce & Advance Diploma in Computer Software System Analysis & Application. He has experience of 20 years in Capital Market and Money Market has gathered thorough knowledge of stock market operations/Financing business. Taking care of funding business and operations since takeover of the company in May 2010. In April 2011 he became 'Managing Director' and responsible for operations , Corporate Administration, Corporate Relationships, Personnel/Human Resource Development, Communication, Public Relations.
Director : Shree Kirit Rathod
He is a commerce graduate with wide range of experience for about 20 years in Garment Industry.
Director : Ms. Megha M. Mehta
Bachelor degree holder in Commerce. She has has more than a decade’s experience in banking, particularly in the area of accounts, finance, capital market operations, settlements and likes.
Composition of Committees
AUDIT COMMITTEE
The Committee presently comprises of
Ms. Megha M. Mehta, Independent Directors
Mr. Kirit B. Rathod, Independent Directors
Mr. Girish Jajoo, Managing Director
All the members of the Committee are having financial and accounting knowledge.
NOMINATION & REMUNERATION COMMITTEE/POLICY
The said Committee presently comprises of
Ms. Megha M. Mehta, Independent Directors
Mr. Kirit B. Rathod, Independent Directors
Mr. Girish Jajoo, Managing Director
The Nomination and Remuneration Policy recommended by the Nomination & Remuneration Committee is duly approved and adopted by the Board of Directors.
STAKEHOLDER RELATIONSHIP COMMITTEE
The Stakeholder Relationship Committee consists of three members viz.
Ms. Megha Mehta, Chairperson
Mr. Sandeep Shah, Member
Mr. Girish Jajoo, Member
The Committee mainly looks into redressal of shareholders and investors grievances with respect to transfer of shares, dematerialization of shares, non-receipt of annual report or declared dividend, etc.
KMP details
COMPANY'S POLICY ON DIRECTORS'S APPOINTMENT AND REMUNERATION APPOINTMENT OF DIRECTORS, KEY MANAGERIAL PERSONNEL AND PERSONNEL AND SENIOR MANAGEMENT The Nomination and Remuneration Committee identifies persons who are qualified to become Directors and who may be appointed as Key Managerial Personnel and Senior Management. The Committee ascertains the qualifications, expertise and experience of the persons to be appointed as Directors, Key Managerial Personnel and Senior Management and recommends their appointment to the Board of Directors. The Board then takes the final decision based on the said recommendation. The Committee evaluates the performance of Directors, Key Managerial Personnel and Senior Management on a yearly basis and recommends their removal, if required. REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL, SENIOR MANAGEMENT AND OTHER EMPLOYEES The remuneration payable to the Managing Director shall be as per the provisions of the Companies Act, 2013 and other relevant provision. The remuneration payable to Key Managerial Personnel and Senior Management shall be approved by the Committee on case to case basis. The Increments to the existing remuneration structure: A. In relation to Board of Directors shall be based on the evaluation of performance. B. In relation to Key Managerial Personnel and Senior Management the same shall be approved by the Committee based on the recommendation of the Managing Director. C. In relation to others the same shall be approved by the Managing Director based on the market conditions, performance of the company and other relevant from time to time. REMUNERATION TO NON-EXECUTIVE AND INDEPENDENT DIRECTORS. The Non-Executive and Independent Directors of the Company shall only be paid sitting fees ( as determined by the Board from time to time) for attending Board/ Committee meetings apart from reimbursement of expenses incurred for attending the meetings.