| PURSUANT TO THE PROVISIONS OF THE COMPANIES ACT, 2013 AND REGULATION 17(10) OF LISTING REGULATIONS, THE BOARD HAS CARRIED OUT THE ANNUAL PERFORMANCE EVALUATION OF THE CHAIRMAN, INDIVIDUAL DIRECTORS, BOARD AS A WHOLE AND ITS COMMITTEES FOR FY 2025-26. THE NOMINATION AND REMUNERATION COMMITTEE AT ITS MEETING HELD ON 19TH MAY, 2026 AND THE BOARD AT ITS MEETING HELD ON 28TH MAY, 2026 REVIEWED THE REPORTS ON PERFORMANCE ASSESSMENT OF THE BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS. THE EVALUATION FRAMEWORK FOR ASSESSING THE PERFORMANCE OF CHAIRMAN, DIRECTORS, BOARD AS WELL AS ITS COMMITTEES COMPRISES, INTER ALIA, OF THE FOLLOWING CRITERIA: I. DIRECTORS DEMONSTRATE ADEQUATE PREPAREDNESS FOR BOARD AND COMMITTEE MEETINGS AND ACTIVELY PARTICIPATE IN DELIBERATIONS. II. DIRECTORS BRING INDEPENDENT JUDGEMENT TO BOARD DISCUSSIONS BY EFFECTIVELY UTILISING THEIR KNOWLEDGE, EXPERTISE AND EXPERIENCE, PARTICULARLY ON MATTERS RELATING TO STRATEGY, OPERATIONS, PERFORMANCE AND RISK MANAGEMENT. III. DIRECTORS DEMONSTRATE AWARENESS OF AND COMMITMENT TO CORPORATE GOVERNANCE STANDARDS, ETHICAL CONDUCT, REGULATORY REQUIREMENTS AND LEGAL COMPLIANCE. IV. DIRECTORS CONTRIBUTE CONSTRUCTIVELY BY PROVIDING NEW IDEAS, PRACTICAL INSIGHTS AND OBJECTIVE SUGGESTIONS ON MATTERS PRESENTED BEFORE THE BOARD. V. DIRECTORS IDENTIFY AND FACILITATE DELIBERATIONS ON EMERGING BUSINESS OPPORTUNITIES, RISKS AND OTHER MATTERS RELEVANT TO THE LONG-TERM SUCCESS OF THE COMPANY. VI. DIRECTORS PROMOTE CONSTRUCTIVE ENGAGEMENT, COLLABORATION AND COHESIVENESS AMONGST BOARD MEMBERS. VII. DIRECTORS UNDERSTAND AND EFFECTIVELY DISCHARGE THEIR ROLES, RESPONSIBILITIES AND DUTIES ASSIGNED UNDER APPLICABLE LAWS AND BY THE BOARD. VIII. DIRECTORS DEMONSTRATE COMMITMENT THROUGH REGULAR ATTENDANCE, AVAILABILITY AND ACTIVE PARTICIPATION IN BOARD AND COMMITTEE MEETINGS. IX. DIRECTORS MAINTAIN HIGH STANDARDS OF INTEGRITY, CONFIDENTIALITY AND TRANSPARENCY, INCLUDING TIMELY DISCLOSURE OF ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. X. DIRECTORS PROACTIVELY ASSESS THE EXTERNAL ENVIRONMENT, INDUSTRY DEVELOPMENTS, EMERGING RISKS AND CORPORATE GOVERNANCE MATTERS THAT MAY AFFECT THE COMPANY'S BUSINESS AND SUSTAINABILITY. XI. THE BOARD REVIEWS AND GUIDES THE COMPANY'S STRATEGY, MAJOR PLANS OF ACTION, RISK MANAGEMENT FRAMEWORK, ANNUAL BUDGETS, BUSINESS PLANS AND PERFORMANCE OBJECTIVES, AND MONITORS IMPLEMENTATION THEREOF. XII. THE BOARD ENSURES THE INTEGRITY OF THE COMPANY'S ACCOUNTING AND FINANCIAL REPORTING SYSTEMS, THE EFFECTIVENESS OF INTERNAL CONTROLS AND COMPLIANCE WITH APPLICABLE LAWS AND STANDARDS. XIII. THE BOARD RECEIVES ADEQUATE, TIMELY AND RELEVANT INFORMATION TO FACILITATE MEANINGFUL DISCUSSIONS AND INFORMED DECISION- MAKING. XIV. THE BOARD APPROPRIATELY CONSIDERS THE INTERESTS OF SHAREHOLDERS AND OTHER STAKEHOLDERS IN ITS DELIBERATIONS AND DECISIONS. XV. THE COMMITTEES EFFECTIVELY DISCHARGE THEIR RESPONSIBILITIES, FULFIL THEIR STATUTORY AND BOARD-MANDATED FUNCTIONS AND PROVIDE MEANINGFUL RECOMMENDATIONS TO THE BOARD. XVI. THE COMPOSITION OF THE BOARD AND ITS COMMITTEES IS APPROPRIATE TO ENABLE EFFECTIVE DISCHARGE OF DUTIES AND ACHIEVEMENT OF THEIR OBJECTIVES. PERFORMANCE EVALUATION OF INDEPENDENT DIRECTORS IN ADDITION TO THE ABOVE EVALUATION, ALSO CONSIDERS ATTENDANCE IN BOARD AND COMMITTEE MEETINGS, TIME DEVOTED FOR THE COMPANY, CONTRIBUTION IN THE BOARD PROCESSES AND DISCUSSIONS AND SUCH OTHER CRITERIA AS MAY BE CONSIDERED BY THE NOMINATION AND REMUNERATION COMMITTEE FROM TIME TO TIME. |