THE NOMINATION AND REMUNERATION COMMITTEE OF THE BOARD HAS LAID OUT THE EVALUATION CRITERIA FOR PERFORMANCE EVALUATION OF THE BOARD, ITS COMMITTEES AND ALL THE INDIVIDUAL DIRECTORS (INCLUDING INDEPENDENT DIRECTOR, NON-INDEPENDENT DIRECTOR & CHAIRPERSON) IN TERMS OF SECTION 178(3) OF THE ACT AND THE LISTING REGULATIONS. CRITERIA FOR EVALUATION INCLUDE INTER-ALIA, COMPOSITION OF THE BOARD AND ITS COMMITTEES, EXECUTION AND PERFORMANCE OF SPECIFIC DUTIES, ACTIVE PARTICIPATION AT THE BOARD AND ITS COMMITTEE MEETINGS, AVAILABILITY AND ATTENDANCE AT THE MEETINGS, COMMITMENT AND CONTRIBUTION TO THE BOARD AND THE COMPANY, OBLIGATIONS AND GOVERNANCE AND OTHERS. EVALUATION OF PERFORMANCE OF THE BOARD, ITS COMMITTEES, INDIVIDUAL DIRECTORS AND CHAIRPERSON, FOR THE FINANCIAL YEAR 2022-23 WAS CARRIED OUT. THE BOARD WAS SATISFIED WITH THE EVALUATION RESULTS, WHICH REFLECTED THE OVERALL ENGAGEMENT OF THE BOARD WITH THE COMPANY. |