| EVALUATION OF PERFORMANCE OF DIRECTORS WAS NOT UNDERTAKEN DURING THIS FINANCIAL YEAR AS CIRP WAS INITIATED AGAINST THE COMPANY W.E.F: 03.06.2019 WHEREAS THE POWERS OF THE BOARD OF DIRECTORS INCLUDING EVALUATING THE PERFORMANCE OF BOARD, ITS COMMITTEE AND INDIVIDUAL DIRECTORS) STOOD SUSPENDED AND VESTED WITH THE RESOLUTION PROFESSINAL. |
| THE POWERS OF THE BOARD OF DIRECTORS OF THE COMPANY WERE SUSPENDED SINCE JUNE 06, 2019 DUE TO ADMISSION OF THE COMPANY FOR INSOLVENCY RESOLUTION PROCESS BY THE HON’BLE NCLT, HYDERABAD BENCH. HENCE NO BOARD EVALUATION WAS CARRIED OUT. |
| THE BOARD OF DIRECTORS EVALUATED THE ANNUAL PERFORMANCE OF THE BOARD AS A WHOLE, ITS COMMITTEE'S AND THE DIRECTORS INDIVIDUALLY IN ACCORDANCE WITH THE PROVISIONS OF THE COMPANIES ACT, 2013 AND SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS 2015 IN THE FOLLOWING MANNER: L STRUCTURED EVALUATION FORMS, AFTER TAKING INTO CONSIDERATION INPUTS RECEIVED FROM THE DIRECTORS, COVERING VARIOUS ASPECTS OF THE BOARD'S FUNCTIONING SUCH AS ADEQUACY OF THE COMPOSITION OF THE BOARD AND ITS COMMITTEES, BOARD CULTURE, EXECUTION AND PERFORMANCE OF SPECIFIC DUTIES, OBLIGATIONS AND GOVERNANCE, FOR EVALUATION OF THE PERFORMANCE OF THE BOARD, ITS COMMITTEE'S AND EACH DIRECTOR WERE CIRCULATED TO ALL THE MEMBERS OF THE BOARD ALONG WITH THE AGENDA PAPERS. L THE MEMBERS OF THE BOARD WERE REQUESTED TO EVALUATE BY FILLING THE EVALUATION FORMS AND THE DULY FILLED IN EVALUATION FORMS WERE REQUIRED TO BE SENT TO THE COMPANY SECRETARY IN A SEALED ENVELOPE OR PERSONALLY SUBMITTED TO THE CHAIRMAN AT THE CONCERNED MEETING. L THE BOARD ALSO PROVIDED AN INDIVIDUAL FEEDBACK TO THE CONCERNED DIRECTOR ON AREAS OF IMPROVEMENT, IF ANY. TH A SEPARATE MEETING OF INDEPENDENT DIRECTORS WAS HELD ON 30 MARCH, 2020 TO EVALUATE THE PERFORMANCE OF THE CHAIRMAN, THE NON INDEPENDENT DIRECTORS, THE BOARD AND FLOW OF INFORMATION FROM MANAGEMENT. |
| BOARD OF DIRECTORS EVALUATED THE ANNUAL PERFORMANCE OF THE BOARD AS A WHOLE, ITS COMMITTEE’S AND THE DIRECTORS INDIVIDUALLY IN ACCORDANCE WITH THE PROVISIONS OF THE COMPANIES ACT, 2013 IN THE FOLLOWING MANNER: STRUCTURED EVALUATION FORMS, AFTER TAKING INTO CONSIDERATION INPUTS RECEIVED FROM THE DIRECTORS, COVERING VARIOUS ASPECTS OF THE BOARD’S FUNCTIONING SUCH AS ADEQUACY OF THE COMPOSITION OF THE BOARD AND ITS COMMITTEES, BOARD CULTURE, EXECUTION AND PERFORMANCE OF SPECIFIC DUTIES, OBLIGATIONS AND GOVERNANCE, FOR EVALUATION OF THE PERFORMANCE OF THE BOARD, ITS COMMITTEE’S AND EACH DIRECTOR WERE CIRCULATED TO ALL THE MEMBERS OF THE BOARD ALONG WITH THE AGENDA PAPERS. THE MEMBERS OF THE BOARD WERE REQUESTED TO EVALUATE BY FILLING THE EVALUATION FORMS AND THE DULY FILLED IN EVALUATION FORMS WERE REQUIRED TO BE SENT TO THE COMPANY SECRETARY IN A SEALED ENVELOPE OR PERSONALLY SUBMITTED TO THE CHAIRMAN AT THE CONCERNED MEETING. THE BOARD ALSO PROVIDED AN INDIVIDUAL FEEDBACK TO THE CONCERNED DIRECTOR ON AREAS OF IMPROVEMENT, IF ANY. A SEPARATE MEETING OF INDEPENDENT DIRECTORS WAS HELD ON 30TH MARCH, 2017 TO EVALUATE THE PERFORMANCE OF THE CHAIRMAN, THE NON INDEPENDENT DIRECTORS, THE BOARD AND FLOW OF INFORMATION FROM MANAGEMENT. |
| THE BOARD OF DIRECTORS EVALUATED THE ANNUAL PERFORMANCE OF THE BOARD AS A WHOLE, ITS COMMITTEE’S AND THE DIRECTORS INDIVIDUALLY IN ACCORDANCE WITH THE PROVISIONS OF THE COMPANIES ACT, 2013 IN THE FOLLOWING MANNER: STRUCTURED EVALUATION FORMS, AFTER TAKING INTO CONSIDERATION INPUTS RECEIVED FROM THE DIRECTORS, COVERING VARIOUS ASPECTS OF THE BOARD’S FUNCTIONING SUCH AS ADEQUACY OF THE COMPOSITION OF THE BOARD AND ITS COMMITTEES, BOARD CULTURE, EXECUTION AND PERFORMANCE OF SPECIFIC DUTIES, OBLIGATIONS AND GOVERNANCE, FOR EVALUATION OF THE PERFORMANCE OF THE BOARD, ITS COMMITTEE’S AND EACH DIRECTOR WERE CIRCULATED TO ALL THE MEMBERS OF THE BOARD ALONG WITH THE AGENDA PAPERS.THE MEMBERS OF THE BOARD WERE REQUESTED TO EVALUATE BY FILLING THE EVALUATION FORMS AND THE DULY FILLED IN EVALUATION FORMS WERE REQUIRED TO BE SENT TO THE COMPANY SECRETARY IN A SEALED ENVELOPE OR PERSONALLY SUBMITTED TO THE CHAIRMAN AT THE CONCERNED MEETING.THE BOARD ALSO PROVIDED AN INDIVIDUAL FEEDBACK TO THE CONCERNED DIRECTOR ON AREAS OF IMPROVEMENT, IF ANYA SEPARATE MEETING OF INDEPENDENT DIRECTORS WAS HELD ON 30TH MARCH, 2018 TO EVALUATE THE PERFORMANCE OF THE CHAIRMAN, THE NON INDEPENDENT DIRECTORS, THE BOARD AND FLOW OF INFORMATION FROM MANAGEMENTHUMAN CAPITAL HAS GAINED PRIME IMPORTANCE IN LAST FEW YEARS. OUR COMPANY BELIEVES THAT THE HUMAN CAPITAL IS OF UTMOST IMPORTANCE TO SUSTAIN THE MARKET LEADERSHIP IN ALL PRODUCT SEGMENTS AND ALSO TO CAPTURE NEW MARKETS. WE HAVE CHANGED THE ORGANISATION STRUCTURE TO OPTIMISE BEST RESOURCES & TO LEVERAGE THE MARKET POTENTIAL. WE HAVE IDENTIFIED THE HIGH PERFORMERS AND REWARDED THEM APPROPRIATELY, WHICH HAS HELPED TO ACHIEVE BETTER EMPLOYEE ENGAGEMENT. |
| THE BOARD OF DIRECTORS EVALUATED THE ANNUAL PERFORMANCE OF THE BOARD AS A WHOLE, ITS COMMITTEE’S AND THE DIRECTORS INDIVIDUALLY IN ACCORDANCE WITH THE PROVISIONS OF THE COMPANIES ACT, 2013 IN THE FOLLOWING MANNER: STRUCTURED EVALUATION FORMS, AFTER TAKING INTO CONSIDERATION INPUTS RECEIVED FROM THE DIRECTORS, COVERING VARIOUS ASPECTS OF THE BOARD’S FUNCTIONING SUCH AS ADEQUACY OF THE COMPOSITION OF THE BOARD AND ITS COMMITTEES, BOARD CULTURE, EXECUTION AND PERFORMANCE OF SPECIFIC DUTIES, OBLIGATIONS AND GOVERNANCE, FOR EVALUATION OF THE PERFORMANCE OF THE BOARD, ITS COMMITTEE’S AND EACH DIRECTOR WERE CIRCULATED TO ALL THE MEMBERS OF THE BOARD ALONG WITH THE AGENDA PAPERS. THE MEMBERS OF THE BOARD WERE REQUESTED TO EVALUATE BY FILLING THE EVALUATION FORMS AND THE DULY FILLED IN EVALUATION FORMS WERE REQUIRED TO BE SENT TO THE COMPANY SECRETARY IN A SEALED ENVELOPE OR PERSONALLY SUBMITTED TO THE CHAIRMAN AT THE CONCERNED MEETING. THE BOARD ALSO PROVIDED AN INDIVIDUAL FEEDBACK TO THE CONCERNED DIRECTOR ON AREAS OF IMPROVEMENT, IF ANY. A SEPARATE MEETING OF INDEPENDENT DIRECTORS WAS HELD ON 30TH MARCH, 2019 TO EVALUATE THE PERFORMANCE OF THE CHAIRMAN, THE NON INDEPENDENT DIRECTORS, THE BOARD AND FLOW OF INFORMATION FROM MANAGEMENT. |
| THE FORMAL ANNUAL EVALUATION OF THE PERFORMANCE OF THE BOARD AS WELL AS NON-INDEPENDENT DIRECTORS WAS UNDERTAKEN BY THE NOMINATION AND REMUNERATION COMMITTEE. THE PERFORMANCE OF BOARD COMMITTEES AND OF INDIVIDUAL INDEPENDENT DIRECTORS WAS UNDERTAKEN BY THE BOARD MEMBERS. THE MANNER OF THE EVALUATION OF THE BOARD AND OTHER COMMITTEES HAS BEEN DETERMINED BY THE NOMINATION AND REMUNERATION COMMITTEE AS PER SEBI CIRCULAR DATED JANUARY 05, 2017. |