Familiarisation Programme of Independent Directors

1. Preamble: -

Regulation 25(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 inter-alia stipulates, that the listed entity shall familiarise the independent directors through various programmes about their roles, rights, responsibilities in the Company, including the following:

(a)nature of the industry in which the listed entity operates;

(b)business model of the listed entity;

(c)roles, rights, responsibilities of independent directors; and

(d)any other relevant information

2. Purpose and Objective: -

The Familiarisation programme(s) are structured to assist the Independent Directors to understand the Company and its business, so as to enable them in effective discharge of their duties.

3. Overview of Familiarisation process: -

Ø At the time of appointment, the Independent Directors are informed about their role and responsibilities and are given an overview of business, operations and business model of the Company, including overview of the sector in which Company Operates. Immediately after appointment, Independent Director(s) are provided with, inter-alia, copies of the following documents:

A) Annual Reports of the Company;

B) Criteria of independence applicable on Independent Directors as per SEBI  LODR Regulations, 2015 and the Companies Act, 2013.

C) Copies of Code of Conduct and Ethics for Board Members, Code for Regulating, Monitoring and Reporting of Trading by Designated Persons and their Immediate Relatives and For Fair Disclosure and other relevant policies of the Company.

D) Schedule IV of the Companies Act 2013 i.e., Code for Independent Directors.

Ø Presentations on business and performance of the Company, to familiarize the Independent Directors with the strategy, operations and functions of the Company and to enable them to be in a position to take well-informed timely decisions and contribute significantly.

Ø Various plant visits are arranged to enable them to have full understanding of the operations of the Company.

Ø Need based training and Familiarisation is provided to Board Members through various seminars, conferences, training programmes etc. from time to time.

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