| THE BOARD OF DIRECTORS’ HAS CARRIED OUT THE ANNUAL PERFORMANCE EVALUATION OF ITS OWN, COMMITTEES OF BOARD OF DIRECTORS’ AND INDIVIDUAL DIRECTORS’ PURSUANT TO THE PROVISIONS OF THE COMPANIES ACT, 2013 AND SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015. THE PERFORMANCE OF THE BOARD WAS EVALUATED BY THE BOARD, AFTER SEEKING INPUTS FROM ALL DIRECTORS’ ON THE BASIS OF THE CRITERIA SUCH AS BOARD COMPOSITION AND STRUCTURES, EFFECTIVENESS OF BOARD PROCESSES, INFORMATION AND FUNCTIONING ETC. THE PERFORMANCE OF THE COMMITTEES WAS EVALUATED BY THE BOARD AFTER SEEKING INPUTS FROM THE COMMITTEE MEMBERS ON THE BASIS OF THE CRITERIA SUCH AS THE COMPOSITION OF COMMITTEES, EFFECTIVENESS OF COMMITTEE MEETINGS ETC. THE BOARD AND THE NOMINATION AND REMUNERATION COMMITTEE REVIEWED THE PERFORMANCE OF THE INDIVIDUAL DIRECTORS’ ON THE BASIS OF THE CRITERIA SUCH AS CONTRIBUTION OF THE INDIVIDUAL DIRECTOR TO THE BOARD AND COMMITTEE MEETINGS. ALSO, IN A SEPARATE MEETING OF INDEPENDENT DIRECTORS’, PERFORMANCE OF NON-INDEPENDENT DIRECTORS’, BOARD AS A WHOLE AND THE CHAIRMAN WERE EVALUATED, TAKING INTO ACCOUNT THE VIEWS OF EXECUTIVE DIRECTORS’ AND NON-EXECUTIVE DIRECTORS’. PERFORMANCE EVALUATION OF INDEPENDENT DIRECTORS’ WAS DONE BY THE ENTIRE BOARD, EXCLUDING THE INDEPENDENT DIRECTOR BEING EVALUATED. |
| IN TERMS OF COMPANIES ACT, 2013 AND SEBI LISTING REGULATIONS, THERE IS REQUIREMENT OF FORMAL EVALUATION BY THE BOARD OF ITS OWN PERFORMANCE AND THAT OF ITS COMMITTEES AND INDIVIDUAL DIRECTORS. THE EVALUATION OF BOARD OF ITS OWN PERFORMANCE AND THAT OF ITS COMMITTEES AND INDIVIDUAL DIRECTORS WAS CONDUCTED BASED ON CRITERIA AND FRAMEWORK ADOPTED BY THE BOARD. THE EVALUATION CRITERIA HAVE BEEN EXPLAINED IN THE NOMINATION AND REMUNERATION POLICY ADOPTED BY THE BOARD. |
| IN LINE WITH THE STATUTORY REQUIREMENTS ENSHRINED UNDER THE COMPANIES ACT, 2013 AND THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, THE BOARD CARRIED OUT A PERFORMANCE EVALUATION OF ITSELF, ITS COMMITTEES, THE CHAIRMAN AND EACH OF THE OTHER DIRECTORS. AS IN PREVIOUS YEAR, THIS WAS CARRIED OUT ON THE BASIS OF FRAMEWORK APPROVED BY THE NOMINATION AND REMUNERATION COMMITTEE. THE COMMITTEE HAD UNANIMOUSLY CONSENTED FOR AN ‘IN-HOUSE’ REVIEW BUILT ON SUGGESTIVE PARAMETERS. BASED ON THE SUGGESTIVE PARAMETERS APPROVED BY THE NOMINATION AND REMUNERATION COMMITTEE, THE FOLLOWING EVALUATIONS WERE CARRIED OUT: REVIEW OF BOARD AS A WHOLE BY ALL THE MEMBERS OF THE BOARD. REVIEW OF ALL BOARD COMMITTEES BY ALL THE MEMBERS OF THE BOARD. REVIEW OF INDIVIDUAL DIRECTORS BY REST OF THE BOARD MEMBERS EXCEPT THE DIRECTOR BEING EVALUATED. |
| IN LINE WITH THE STATUTORY REQUIREMENTS ENSHRINED UNDER THE COMPANIES ACT, 2013 AND THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, THE BOARD CARRIED OUT A PERFORMANCE EVALUATION OF ITSELF, ITS COMMITTEES, THE CHAIRMAN AND EACH OF THE OTHER DIRECTORS. AS IN PREVIOUS YEAR, THIS WAS CARRIED OUT ON THE BASIS OF FRAMEWORK APPROVED BY THE NOMINATION AND REMUNERATION COMMITTEE. THE COMMITTEE HAD UNANIMOUSLY CONSENTED FOR AN 'IN-HOUSE' REVIEW BUILT ON SUGGESTIVE PARAMETERS. BASED ON THE SUGGESTIVE PARAMETERS APPROVED BY THE NOMINATION AND REMUNERATION COMMITTEE, THE FOLLOWING EVALUATIONS WERE CARRIED OUT: REVIEW OF BOARD AS A WHOLE BY ALL THE MEMBERS OF THE BOARD. REVIEW OF ALL BOARD COMMITTEES BY ALL THE MEMBERS OF THE BOARD. REVIEW OF INDIVIDUAL DIRECTORS BY REST OF THE BOARD MEMBERS EXCEPT THE DIRECTOR BEING EVALUATED. |
| IN LINE WITH THE STATUTORY REQUIREMENTS ENSHRINED UNDER THE COMPANIES ACT, 2013 AND THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 201S, THE BOARD CARRIED OUT A PERFORMANCE EVALUATION OF ITSELF, ITS COMMITTEES, THE CHAIRMAN AND EACH OF THE OTHER DIRECTORS. AS IN PREVIOUS YEAR, THIS WAS CARRIED OUT ON THE BASIS OF FRAMEWORK APPROVED BY THE NOMINATION AND REMUNERATION COMMITTEE. THE COMMITTEE HAD UNANIMOUSLY CONSENTED FOR AN 'IN-HOUSE' REVIEW BUILT ON SUGGESTIVE PARAMETERS. BASED ON THE SUGGESTIVE PARAMETERS APPROVED BY THE NOMINATION AND REMUNERATION COMMITTEE, THE FOLLOWING EVALUATIONS WERE CARRIED OUT: REVIEW OF PERFORMANCE OF THE NON- INDEPENDENT DIRECTORS AND BOARD AS A WHOLE BY INDEPENDENT DIRECTORS. REVIEW OF THE PERFORMANCE OF THE CHAIRPERSON BY THE INDEPENDENT DIRECTORS. REVIEW OF BOARD AS A WHOLE BY ALL THE MEMBERS OF THE BOARD. REVIEW OF ALL BOARD COMMITTEES BY ALL THE MEMBERS OF THE BOARD. REVIEW OF INDIVIDUAL DIRECTORS BY REST OF THE BOARD MEMBERS EXCEPT THE DIRECTOR BEING EVALUATED. |
| THE BOARD OF DIRECTORS HAS CARRIED OUT THE ANNUAL PERFORMANCE EVALUATION OF ITS OWN, COMMITTEES OF BOARD OF DIRECTORS AND INDIVIDUAL DIRECTORS PURSUANT TO THE PROVISIONS OF THE COMPANIES ACT , 2013 AND SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENT S) REGULATIONS, 2015. THE PERFORMANCE OF THE BOARD WAS EVALUATED BY THE BOARD, AFTER SEEKING INPUTS FROM ALL DIRECTORS ON THE BASIS OF THE CRITERIA SUCH AS BOARD COMPOSITION AND STRUCTURES, EFFECTIVENESS OF BOARD PROCESSES, INFORMATION AND FUNCTIONING ETC. THE PERFORMANCE OF THE COMMITTEES WAS EVALUATED BY THE BOARD AFTER SEEKING INPUTS FROM THE COMMITTEE MEMBERS ON THE BASIS OF THE CRITERIA SUCH AS THE COMPOSITION OF COMMITTEES, EFFECTIVENESS OF COMMITTEE MEETINGS ETC. THE BOARD AND THE NOMINATION AND REMUNERATION COMMITTEE REVIEWED THE PERFORMANCE OF THE INDIVIDUAL DIRECTORS ON THE BASIS OF THE CRITERIA SUCH AS CONTRIBUTION OF THE INDIVIDUAL DIRECTOR TO THE BOARD AND COMMITTEE MEETINGS. ALSO, IN A SEPARATE MEETING OF INDEPENDENT DIRECTORS, PERFORMANCE OF NON-INDEPENDENT DIRECTORS, BOARD AS A WHOLE AND THE CHAIRMAN WERE EVALUATED, TAKING INTO ACCOUNT THE VIEWS OF EXECUTIVE DIRECTORS AND NON - EXECUTIVE DIRECTORS. PERFORMANCE VALUATION OF INDEPENDENT DIRECTORS WAS DONE BY THE ENTIRE BOARD, EXCLUDING THE INDEPENDENT DIRECTOR BEING EVALUATED. |
| THE BOARD OF DIRECTORS HAS CARRIED OUT THE ANNUAL PERFORMANCE EVALUATION OF ITS OWN, COMMITTEES OF BOARD OF DIRECTORS AND INDIVIDUAL DIRECTORS PURSUANT TO THE PROVISIONS OF THE COMPANIES ACT, 2013 AND SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015. THE PERFORMANCE OF THE BOARD WAS EVALUATED BY THE BOARD, AFTER SEEKING INPUTS FROM ALL DIRECTORS ON THE BASIS OF THE CRITERIA SUCH AS BOARD COMPOSITION AND STRUCTURES, EFFECTIVENESS OF BOARD PROCESSES, INFORMATION AND FUNCTIONING ETC. THE PERFORMANCE OF THE COMMITTEES WAS EVALUATED BY THE BOARD AFTER SEEKING INPUTS FROM THE COMMITTEE MEMBERS ON THE BASIS OF THE CRITERIA SUCH AS THE COMPOSITION OF COMMITTEES, EFFECTIVENESS OF COMMITTEE MEETINGS ETC. THE BOARD AND THE NOMINATION AND REMUNERATION COMMITTEE REVIEWED THE PERFORMANCE OF THE INDIVIDUAL DIRECTORS ON THE BASIS OF THE CRITERIA SUCH AS CONTRIBUTION OF THE INDIVIDUAL DIRECTOR TO THE BOARD AND COMMITTEE MEETINGS. ALSO, IN A SEPARATE MEETING OF INDEPENDENT DIRECTORS, PERFORMANCE OF NON-INDEPENDENT DIRECTORS, BOARD AS A WHOLE AND THE CHAIRMAN WERE EVALUATED, TAKING INTO ACCOUNT THE VIEWS OF EXECUTIVE DIRECTORS AND NON-EXECUTIVE DIRECTORS. PERFORMANCE EVALUATION OF INDEPENDENT DIRECTORS WAS DONE BY THE ENTIRE BOARD, EXCLUDING THE INDEPENDENT DIRECTOR BEING EVALUATED. |