PURSUANT TO THE PROVISIONS OF THE ACT AND LISTING REGULATIONS, THE BOARD OF DIRECTORS HAS CARRIED OUT AN ANNUAL PERFORMANCE EVALUATION OF ITS OWN PERFORMANCE, ITS COMMITTEES, AND ALL THE DIRECTORS OF THE COMPANY AS PER THE GUIDANCE NOTES ISSUED BY SEBI IN THIS REGARD. THE NOMINATION AND REMUNERATION COMMITTEE HAS ALSO REVIEWED THE PERFORMANCE OF THE BOARD, THE COMMITTEE AND ALL DIRECTORS OF THE COMPANY AS REQUIRED UNDER THE ACT AND THE LISTING REGULATIONS. THE CRITERIA FOR EVALUATION OF INDIVIDUAL DIRECTORS INCLUDES INTER ALIA ASPECTS SUCH AS KNOWLEDGE AND COMPETENCY, FULFILMENT OF FUNCTIONS, ABILITY TO FUNCTION AS A TEAM, INITIATIVE TAKEN, AVAILABILITY AND ATTENDANCE AT THE MEETING, COMMITMENT, INTEGRITY, INDEPENDENCE, CONTRIBUTION AT BOARD/COMMITTEE MEETINGS AND GUIDANCE/SUPPORT TO THE MANAGEMENT OUTSIDE BOARD/COMMITTEE MEETINGS. IN ADDITION, THE CHAIRMAN IS ALSO EVALUATED ON KEY ASPECTS OF HIS ROLE, INCLUDING EFFECTIVENESS OF LEADERSHIP AND ABILITY TO STEER THE MEETINGS, IMPARTIALITY, ABILITY TO KEEP SHAREHOLDERS’ INTERESTS IN MIND AND MOTIVATING AND PROVIDING GUIDANCE TO THE EXECUTIVE DIRECTORS, ETC. THE CRITERIA FOR BOARD EVALUATION INCLUDES INTER ALIA, STRUCTURE OF THE BOARD, MEETINGS AND FUNCTIONS OF THE BOARD, DEGREE OF FULFILMENT OF KEY RESPONSIBILITIES, ESTABLISHMENT AND DELINEATION OF RESPONSIBILITY TO COMMITTEES, EFFECTIVENESS OF BOARD PROCESSES, INFORMATION AND FUNCTIONING AND QUALITY OF RELATIONSHIP BETWEEN THE BOARD AND THE MANAGEMENT, ETC. CRITERIA FOR EVALUATION OF THE COMMITTEE COVERS MANDATE AND COMPOSITION, EFFECTIVENESS, STRUCTURE AND MEETINGS, INDEPENDENCE OF THE COMMITTEE FROM THE BOARD, AND CONTRIBUTION TO THE DECISIONS OF THE BOARD. |