| THE NOMINATION AND REMUNERATION COMMITTEE IS EMPOWERED BY THE BOARD TO CARRY OUT THE ENTIRE PERFORMANCE EVALUATION PROCESS. FURTHER, AT A SEPARATE MEETING HELD ON FEBRUARY 23, 2023, INDEPENDENT DIRECTORS EVALUATED PERFORMANCE OF INDIVIDUAL DIRECTORS, BOARD AS A WHOLE AND CHAIRMAN. THE DIRECTOR, WHOSE PERFORMANCE WAS BEING EVALUATED DID NOT TAKE PART IN SUCH EVALUATION. EVALUATION FORM ON VARIOUS PARAMETERS ENUMERATED BELOW: • BOARD EVALUATION STRATEGY, COMPOSITION, PERFORMANCE MANAGEMENT, FINANCIAL PERFORMANCE, EXECUTION, RESPONSIBILITIES, STAKEHOLDER VALUE AND RESPONSIBILITY, BOARD DEVELOPMENT, DIVERSITY, GOVERNANCE, LEADERSHIP, DIRECTIONS, STRATEGIC INPUT, ETC. • EXECUTIVE DIRECTORS EVALUATION LEADERSHIP, INITIATIVE IN TERMS OF NEW IDEAS AND PLANNING FOR THE COMPANY, SKILL, KNOWLEDGE, PERFORMANCE, COMPLIANCES, ETHICAL STANDARDS, RISK MITIGATION, SUSTAINABILITY, STRATEGY FORMULATION AND EXECUTION, FINANCIAL PLANNING & PERFORMANCE, MANAGING HUMAN RELATIONS, COMMUNITY INVOLVEMENT AND IMAGE BUILDING, INTERFACE WITH INDUSTRY FORUMS ETC. • INDEPENDENT DIRECTORS EVALUATION PARTICIPATION, MANAGING RELATIONSHIP, ETHICS AND INTEGRITY, OBJECTIVITY, BRINING INDEPENDENT JUDGEMENT, TIME DEVOTION, PROTECTING INTEREST OF MINORITY SHAREHOLDERS, DOMAIN KNOWLEDGE CONTRIBUTION, ETC. • CHAIRMAN EVALUATION MANAGING RELATIONSHIPS, COMMITMENT, LEADERSHIP EFFECTIVENESS, PROMOTION OF TRAINING AND DEVELOPMENT OF DIRECTORS ETC. • COMMITTEES EVALUATION TERMS OF REFERENCE, PARTICIPATION OF MEMBERS, RESPONSIBILITY DELEGATED, FUNCTIONS AND DUTIES, OBJECTIVES ALIGNMENT WITH COMPANY STRATEGY, COMPOSITION OF COMMITTEE, COMMITTEE MEETINGS AND PROCEDURES, MANAGEMENT RELATIONS. |