| THE PERFORMANCE OF THE BOARD WAS EVALUATED TAKING THE FOLLOWING ASPECTS INTO ACCOUNT VIZ., STRUCTURE, MEETINGS, FUNCTIONS, RISK EVALUATION PROCESS ADOPTED, GRIEVANCE REDRESSAL MECHANISM, STAKEHOLDER VALUE AND RESPONSIBILITY, CORPORATE CULTURE AND ETHICS AND OTHER MATTERS. BOARD ALSO TOOK INTO ACCOUNT FACILITATION TO THE INDEPENDENT DIRECTORS TO FUNCTION INDEPENDENTLY AND PERFORM THEIR ROLES AS ANOTHER IMPORTANT PARAMETER FOR EVALUATION. THE PERFORMANCE OF EACH OF THE COMMITTEES WAS EVALUATED TAKING INTO ACCOUNT THE COMPOSITION, MANDATE, WORKING PROCEDURES, EFFECTIVENESS, INDEPENDENCE AND CONTRIBUTION TO THE BOARD IN THE DECISION MAKING PROCESS. THE EVALUATION OF THE EXECUTIVE DIRECTORS WAS DONE BASED ON THEIR ASSIGNED ROLES AND RESPONSIBILITIES. AS REGARDS THE OTHER DIRECTORS, INCLUDING THE INDEPENDENT DIRECTORS, THE EVALUATION WAS CARRIED OUT TAKING INTO ACCOUNT THE FOLLOWING PARAMETERS, VIZ., QUALIFICATION, EXPERIENCE, COMPETENCY, ADEQUACY OF KNOWLEDGE ABOUT THE COMPANY AND ITS SECTOR OF OPERATION, UNDERSTANDING ABOUT THE STRATEGIC DIRECTION, ETHICAL BEHAVIOR, PARTICIPATION IN THE RISK EVALUATION PROCESS, RESOLVING CONFLICT OF INTERESTS, ATTENDANCE AND PREPARATION FOR THE MEETINGS, ABILITY TO WORK AS A TEAM PLAYER AND VOLUNTARY SHARING OF INFORMATION FOR THE LARGER BENEFIT OF THE COMPANY AND THE LIKE. IN COMPLIANCE WITH THE REQUIREMENTS OF SCHEDULE IV OF THE ACT AND THE LISTING REGULATIONS, A SEPARATE MEETING OF THE INDEPENDENT DIRECTORS WAS HELD ON 7TH MARCH, 2025 AT WHICH THE DIRECTORS EVALUATED THE PERFORMANCE OF THE NON-INDEPENDENT DIRECTORS AND ALSO THE ADEQUACY OF FLOW OF INFORMATION TO THE BOARD AND COMMITTEES. |