| IN ACCORDANCE WITH THE PROVISIONS OF THE COMPANIES ACT, 2013 AND REGULATION 17 OF SEBI LISTING REGULATIONS, 2015, THE BOARD IN COORDINATION WITH AND THE RECOMMENDATION OF THE NOMINATION AND REMUNERATION COMMITTEE (NRC), CARRIED OUT AN ANNUAL EVALUATION OF THE PERFORMANCE OF THE ENTIRE BOARD, ITS COMMITTEES AND OF INDIVIDUAL DIRECTORS INCLUDING INDEPENDENT DIRECTORS BASED OUT OF THE CRITERIA AND FRAMEWORK ADOPTED BY THE BOARD. THE BOARD CONSIDERED AND DISCUSSED THE INPUTS RECEIVED FROM THE DIRECTORS. A STRUCTURED QUESTIONNAIRE WAS PREPARED, COVERING VARIOUS ASPECTS OF FUNCTIONING OF THE BOARD AND ITS COMMITTEES, SUCH AS ADEQUACY OF CONSTITUTION AND COMPOSITION OF THE BOARD AND ITS COMMITTEES, MATTERS ADDRESSED IN THE BOARD AND COMMITTEE MEETINGS, PROCESSES FOLLOWED AT THE MEETINGS, BOARD’S FOCUS, REGULATORY COMPLIANCES AND CORPORATE GOVERNANCE, ETC. SIMILARLY, FOR EVALUATION OF INDIVIDUAL DIRECTOR’S PERFORMANCE,THE QUESTIONNAIRE COVERS VARIOUS ASPECTS LIKE HIS/HER SKILLS, EXPERIENCE AND LEVEL OF PREPAREDNESS WHICH ALLOWS THE PERSON TO CLEARLY ADD VALUE TO DISCUSSIONS AND DECISIONS; SUFFICIENT UNDERSTANDING AND KNOWLEDGE OF THE COMPANY AND THE SECTOR IN WHICH IT OPERATES; UNDERSTANDING AND FULFILLING THE FUNCTIONS AS ASSIGNED TO HIM / HER AS DIRECTOR; ABILITY TO FUNCTION AS AN EFFECTIVE TEAM MEMBER; ACTIVELY TAKES INITIATIVES WITH RESPECT TO VARIOUS AREAS; AVAILABILITY FOR BOARD MEETINGS AND ATTENDS THE MEETING REGULARLY AND TIMELY, WITHOUT DELAY; ADEQUATE COMMITMENT TO BOARD AND THE COMPANY; EFFECTIVE CONTRIBUTION TO THE COMPANY AND IN THE BOARD MEETINGS; DEMONSTRATING HIGHEST LEVEL OF INTEGRITY (INCLUDING CONFLICT OF INTEREST DISCLOSURES, MAINTENANCE OF CONFIDENTIALITY, ETC.) AND EXERCISE OF HIS / HER OWN JUDGMENT AND VOICES OPINION FREELY. DURING THE EVALUATION PROCESS, BOARD MEMBERS SUBMITTED THEIR RESPONSE ON A SCALE OF 1 (STRONGLY DISAGREE) TO 5 (STRONGLY AGREE) AND EVALUATED PERFORMANCE OF BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS, INCLUDING CHAIRMAN OF THE BOARD. THE INDEPENDENT DIRECTORS MET SEPARATELY WITHOUT THE PRESENCE OF NON-INDEPENDENT DIRECTORS AND DISCUSSED, INTER-ALIA, THE PERFORMANCE OF NON-INDEPENDENT DIRECTORS AND BOARD AS A WHOLE AND THE PERFORMANCE OF THE CHAIRMAN OF THE COMPANY. THEY HAVE ALSO ASSESSED THE QUALITY, QUANTITY AND TIMELINESS OF FLOW OF INFORMATION BETWEEN THE MANAGEMENT OF THE COMPANY AND THE BOARD THAT IS NECESSARY FOR THE BOARD TO EFFECTIVELY AND REASONABLY PERFORM THEIR DUTIES. THE NRC HAS ALSO CARRIED OUT EVALUATION OF EACH DIRECTOR’S PERFORMANCE. THE PERFORMANCE EVALUATION OF THE INDEPENDENT DIRECTORS HAS BEEN DONE BY THE ENTIRE BOARD, EXCLUDING THE DIRECTOR BEING EVALUATED. ON THE BASIS OF PERFORMANCE EVALUATION DONE BY THE BOARD, IT IS DETERMINED WHETHER TO EXTEND OR CONTINUE THEIR TERM OF APPOINTMENT, WHENEVER THEIR RESPECTIVE TERM EXPIRES. BASED ON MAJORITY OF THE FEEDBACK, THE DIRECTORS EXPRESSED SATISFACTION WITH THE OVERALL EVALUATION PROCESS. |
| PURSUANT TO THE PROVISIONS OF THE COMPANIES ACT, 2013 AND THE LISTING REGULATIONS, THE BOARD HAS CARRIED OUT THE ANNUAL EVALUATION OF ITS OWN PERFORMANCE, ITS COMMITTEES AND DIRECTORS INDIVIDUALLY. A STRUCTURED QUESTIONNAIRE WAS PREPARED AFTER CIRCULATING THE DRAFT FORMS, 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. A CONSOLIDATED SUMMARY OF THE RATINGS GIVEN BY EACH DIRECTOR WAS THEN PREPARED. THE REPORT OF PERFORMANCE EVALUATION WAS THEN DISCUSSED AND NOTED BY THE BOARD. THE PERFORMANCE EVALUATION OF THE CHAIRMAN AND MANAGING DIRECTOR AND THE NON INDEPENDENT DIRECTORS WAS CARRIED OUT BY THE INDEPENDENT DIRECTORS. THE DIRECTORS EXPRESSED THEIR SATISFACTION WITH THE EVALUATION PROCESS. |
| IN ACCORDANCE WITH THE PROVISIONS OF THE COMPANIES ACT, 2013 AND REGULATION 17 OF SEBI LISTING REGULATIONS, 2015, THE BOARD IN COORDINATION WITH AND THE RECOMMENDATION OF THE NOMINATION AND REMUNERATION COMMITTEE (NRC), CARRIED OUT AN ANNUAL EVALUATION OF THE PERFORMANCE OF THE ENTIRE BOARD, ITS COMMITTEES AND OF INDIVIDUAL DIRECTORS INCLUDING INDEPENDENT DIRECTORS BASED OUT OF THE CRITERIA AND FRAMEWORK ADOPTED BY THE BOARD. THE BOARD CONSIDERED AND DISCUSSED THE INPUTS RECEIVED FROM THE DIRECTORS.STRUCTURED QUESTIONNAIRE COVERING AFOREMENTIONED ASPECTS WERE SHARED WITH THE DIRECTORS; • DURING THE EVALUATION PROCESS, BOARD MEMBERS SUBMITTED THEIR RESPONSE ON A SCALE OF 1 (STRONGLY DISAGREE) TO 5 (STRONGLY AGREE) AND EVALUATED PERFORMANCE OF BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS, INCLUDING CHAIRMAN OF THE BOARD. • THE INDEPENDENT DIRECTORS MET SEPARATELY ON MAY 10, 2024 WITHOUT THE PRESENCE OF NON-INDEPENDENT DIRECTORS AND DISCUSSED INTER-ALIA FOLLOWING:- - THE PERFORMANCE OF NON-INDEPENDENT DIRECTORS AND BOARD AS A WHOLE; - THE PERFORMANCE OF THE CHAIRMAN OF THE COMPANY AND - ASSESSED THE QUALITY, QUANTITY AND TIMELINESS OF FLOW OF INFORMATION BETWEEN THE MANAGEMENT OF THE COMPANY AND THE BOARD THAT IS NECESSARY FOR THE BOARD TO EFFECTIVELY AND REASONABLY PERFORM THEIR DUTIES. • THE NRC HAS ALSO CARRIED OUT EVALUATION OF EACH DIRECTOR’S PERFORMANCE. THE PERFORMANCE EVALUATION OF THE INDEPENDENT DIRECTORS HAS BEEN DONE BY THE ENTIRE BOARD, EXCLUDING THE DIRECTOR BEING EVALUATED. ON THE BASIS OF PERFORMANCE EVALUATION DONE BY THE BOARD, IT IS DETERMINED WHETHER TO EXTEND OR CONTINUE THEIR TERM OF APPOINTMENT, WHENEVER THEIR RESPECTIVE TERM EXPIRES.OUTCOME OF EVALUATION ALL DIRECTORS PARTICIPATED AND COMPLETED THE PERFORMANCE EVALUATION PROCESS FOR FY 2023-24. FOLLOWING IS SUMMARY OF OUTCOME OF EVALUATION: • THE RESULTS OF EVALUATION WERE SHARED WITH THE BOARD, CHAIRMAN OF RESPECTIVE COMMITTEES; • THE DIRECTORS EXPRESSED THEIR SATISFACTION WITH THE EVALUATION PROCESS AND • THE RESULTS OF EVALUATION SHOWED HIGH LEVEL OF COMMITMENT AND ENGAGEMENT OF BOARD, ITS VARIOUS COMMITTEES AND • MANAGEMENT |
| PURSUANT TO THE PROVISIONS OF THE COMPANIES ACT, 2013 AND THE LISTING REGULATIONS, THE BOARD HAS CARRIED OUT THE ANNUAL EVALUATION OF ITS OWN PERFORMANCE, ITS COMMITTEES AND DIRECTORS INDIVIDUALLY. A STRUCTURED QUESTIONNAIRE WAS PREPARED AFTER CIRCULATING THE DRAFT FORMS, 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. A CONSOLIDATED SUMMARY OF THE RATINGS GIVEN BY EACH DIRECTOR WAS THEN PREPARED. THE REPORT OF PERFORMANCE EVALUATION WAS THEN DISCUSSED AND NOTED BY THE BOARD. THE PERFORMANCE EVALUATION OF THE CHAIRMAN AND MANAGING DIRECTOR AND THE NON INDEPENDENT DIRECTORS WAS CARRIED OUT BY THE INDEPENDENT DIRECTORS. THE DIRECTORS EXPRESSED THEIR SATISFACTION WITH THE EVALUATION PROCESS |
| PURSUANT TO THE PROVISIONS OF THE COMPANIES ACT, 2013 AND THE LISTING REGULATIONS, THE BOARD HAS CARRIED OUT THE ANNUAL EVALUATION OF ITS OWN PERFORMANCE, ITS COMMITTEES AND DIRECTORS INDIVIDUALLY. A STRUCTURED QUESTIONNAIRE WAS PREPARED AFTER CIRCULATING THE DRAFT FORMS, 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. A CONSOLIDATED SUMMARY OF THE RATINGS GIVEN BY EACH DIRECTOR WAS THEN PREPARED. THE REPORT OF PERFORMANCE EVALUATION WAS THEN DISCUSSED AND NOTED BY THE BOARD. THE PERFORMANCE EVALUATION OF THE CHAIRMAN AND MANAGING DIRECTOR AND THE NON INDEPENDENT DIRECTORS WAS CARRIED OUT BY THE INDEPENDENT DIRECTORS. THE DIRECTORS EXPRESSED THEIR SATISFACTION WITH THE EVALUATION PROCESS. |
| PURSUANT TO THE PROVISIONS OF THE COMPANIES ACT, 2013 AND THE LISTING REGULATIONS, THE BOARD HAS CARRIED OUT THE ANNUAL EVALUATION OF ITS OWN PERFORMANCE, ITS COMMITTEES AND DIRECTORS INDIVIDUALLY. A STRUCTURED QUESTIONNAIRE WAS PREPARED AFTER CIRCULATING THE DRAFT FORMS, 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. A CONSOLIDATED SUMMARY OF THE RATINGS GIVEN BY EACH DIRECTOR WAS THEN PREPARED. THE REPORT OF PERFORMANCE EVALUATION WAS THEN DISCUSSED AND NOTED BY THE BOARD. THE PERFORMANCE EVALUATION OF THE CHAIRMAN AND MANAGING DIRECTOR AND THE NON INDEPENDENT DIRECTORS WAS CARRIED OUT BY THE INDEPENDENT DIRECTORS. THE DIRECTORS EXPRESSED THEIR SATISFACTION WITH THE EVALUATION PROCESS. |