| A FORMAL EVALUATION OF THE PERFORMANCE OF THE BOARD, ITS COMMITTEES, CHAIRPERSON, DIRECTORS INCLUDING MANAGING DIRECTOR, WHOLE-TIME DIRECTORS AND INDEPENDENT DIRECTORS, WAS CARRIED OUT FOR THE FINANCIAL YEAR 2024-25. UNDER THE EVALUATION PROCESS INDIVIDUAL QUESTIONNAIRES COVERING ATTENDANCE, CONTRIBUTION TO AREAS IMPACTING COMPANY’S PERFORMANCE, PARTICIPATION IN BOARD AND COMMITTEE MEETINGS, ANNUAL TARGETS, FINANCIAL AND OPERATIONAL CONTROLS, RISK MANAGEMENT, STRATEGIES, EXPANSION, MAINTAINING CORPORATE CULTURE, INTEGRITY AND ETHICS, SUCCESSION PLANNING, CORE GOVERNANCE AND COMPLIANCE MANAGEMENT ARE CIRCULATED TO THE DIRECTORS. THE DIRECTORS GRANT INDIVIDUAL RATINGS TO THE BOARD, COMMITTEE AND EXECUTIVE AND NON-EXECUTIVE DIRECTORS.THE PERFORMANCE OF THE RESPECTIVE COMMITTEES WAS EVALUATED BY THE BOARD AFTER SEEKING INPUTS FROM THE COMMITTEE MEMBERS ON THE BASIS OF CRITERIA SUCH AS COMPOSITION OF COMMITTEE, TIMELY INPUTS, OPEN COMMUNICATIONS, MEANINGFUL PARTICIPATION AND RESOLUTION OF ISSUES. THE PERFORMANCE OF THE BOARD WAS EVALUATED AFTER SEEKING INPUTS FROM THE MEMBERS ON PROPER MIX OF COMPETENCIES OF THE BOARD, TIMELINESS AND ADEQUACY OF INFORMATION AVAILABILITY TO TAKE DECISIONS, PLAN OF ACTIONS, REPORTING SYSTEMS, GOVERNANCE PRACTICES, POTENTIAL CONFLICT OF INTEREST ETC. THE BOARD AND THE NOMINATION AND REMUNERATION COMMITTEE REVIEWED THE PERFORMANCE OF THE INDIVIDUAL DIRECTORS INCLUDING INDEPENDENT DIRECTORS, ON THE BASIS OF THE CRITERIA SUCH AS THE CONTRIBUTION OF THE INDIVIDUAL DIRECTOR TO THE BOARD AND COMMITTEE MEETINGS AND THE PREPAREDNESS ON THE ISSUES TO BE DISCUSSED, MEANINGFUL AND CONSTRUCTIVE CONTRIBUTION AND INPUTS IN MEETINGS, ETC. IN ADDITION, THE CHAIRPERSON WAS ALSO EVALUATED ON THE KEY ASPECTS OF HIS ROLE. |