| THE BOARD CARRIED OUT AN ANNUAL PERFORMANCE EVALUATION OF ITS OWN PERFORMANCE AND THAT OF ITS COMMITTEES AND INDIVIDUAL DIRECTORS AS PER THE FORMAL MECHANISM ADOPTED BY THE BOARD. THE PERFORMANCE EVALUATION OF ALL THE DIRECTORS WAS CARRIED OUT BY THE NOMINATION AND REMUNERATION COMMITTEE. THE PERFORMANCE EVALUATION OF THE CHAIRMAN, THE NON-INDEPENDENT DIRECTORS AND THE BOARD AS A WHOLE WAS CARRIED OUT BY THE INDEPENDENT DIRECTORS. THE PERFORMANCE EVALUATION WAS CARRIED OUT THROUGH A STRUCTURED EVALUATION PROCESS COVERING VARIOUS ASPECTS OF THE BOARD FUNCTIONING SUCH AS COMPOSITION OF THE BOARD & COMMITTEES, EXPERIENCE & COMPETENCIES, PERFORMANCE OF SPECIFIC DUTIES & OBLIGATIONS, CONTRIBUTION AT THE MEETINGS AND OTHERWISE, INDEPENDENT JUDGMENT, GOVERNANCE ISSUES ETC. DURING THE YEAR UNDER REVIEW, THE COMPANY HAS ALSO CONDUCTED TWO (2) PROGRAMS FOR FAMILIARIZATION OF THE INDEPENDENT DIRECTORS ON DIFFERENT ASPECTS. |
| THE BOARD OF DIRECTORS HAS CARRIED OUT AN ANNUAL EVALUATION OF ITS OWN PERFORMANCE, BOARD COMMITTEES, AND INDIVIDUAL DIRECTORS PURSUANT TO THE PROVISIONS OF THE ACT AND LISTING REGULATIONS. THE PERFORMANCE OF THE BOARD WAS EVALUATED BY THE BOARD AFTER SEEKING INPUTS FROM ALL THE DIRECTORS BASED ON CRITERIA SUCH AS THE BOARD COMPOSITION AND STRUCTURE, 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 BASED ON CRITERIA SUCH AS THE COMPOSITION OF COMMITTEES, EFFECTIVENESS OF COMMITTEE MEETINGS, ETC. THE NRC REVIEWED THE PERFORMANCE OF INDIVIDUAL DIRECTORS ON THE BASIS OF CRITERIA SUCH AS THE CONTRIBUTION OF THE INDIVIDUAL DIRECTOR TO THE BOARD AND COMMITTEE MEETINGS LIKE PREPAREDNESS ON THE ISSUES TO BE DISCUSSED, MEANINGFUL AND CONSTRUCTIVE CONTRIBUTION AND INPUTS IN MEETINGS, ETC. IN A SEPARATE MEETING OF INDEPENDENT DIRECTORS, PERFORMANCE OF NON-INDEPENDENT DIRECTORS, THE BOARD AS A WHOLE AND THE CHAIRMAN OF THE COMPANY WAS EVALUATED, TAKING INTO ACCOUNT THE VIEWS OF THE EXECUTIVE DIRECTOR AND NEDS. |
| THE BOARD OF DIRECTORS HAS CARRIED OUT AN ANNUAL EVALUATION OF ITS OWN PERFORMANCE, BOARD COMMITTEES, AND INDIVIDUAL DIRECTORS PURSUANT TO THE PROVISIONS OF THE ACT AND LISTING REGULATIONS. THE PERFORMANCE OF THE BOARD WAS EVALUATED BY THE BOARD AFTER SEEKING INPUTS FROM ALL THE DIRECTORS BASED ON CRITERIA SUCH AS THE BOARD COMPOSITION AND STRUCTURE, 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 BASED ON CRITERIA SUCH AS THE COMPOSITION OF COMMITTEES, EFFECTIVENESS OF COMMITTEE MEETINGS, ETC. THE NRC REVIEWED THE PERFORMANCE OF INDIVIDUAL DIRECTORS ON THE BASIS OF CRITERIA SUCH AS THE CONTRIBUTION OF THE INDIVIDUAL DIRECTOR TO THE BOARD AND COMMITTEE MEETINGS LIKE PREPAREDNESS ON THE ISSUES TO BE DISCUSSED, MEANINGFUL AND CONSTRUCTIVE CONTRIBUTION AND INPUTS IN MEETINGS, ETC. IN A SEPARATE MEETING OF INDEPENDENT DIRECTORS, PERFORMANCE OF NON-INDEPENDENT DIRECTORS, THE BOARD AS A WHOLE AND THE CHAIRMAN OF THE COMPANY WAS EVALUATED, TAKING INTO ACCOUNT THE VIEWS OF THE EXECUTIVE DIRECTOR AND NEDS. |
| THE BOARD HAS CARRIED OUT PERFORMANCE EVALUATION OF ITSELF, ITS COMMITTEES AND EACH OF THE DIRECTORS (WITHOUT PARTICIPATION OF THE CONCERNED DIRECTOR). INDEPENDENT DIRECTORS COLLECTIVELY EVALUATED THE BOARD’S PERFORMANCE, PERFORMANCE OF THE CHAIRPERSON AND OTHER NON- INDEPENDENT DIRECTORS. THE NOMINATION AND REMUNERATION COMMITTEE ALSO REVIEWED THE PERFORMANCE OF THE BOARD, ITS COMMITTEES AND OF THE DIRECTORS. THE PERFORMANCE EVALUATION CONCLUDED ON THE NOTE THAT EACH OF THE INDIVIDUAL DIRECTORS, COMMITTEES AND THE BOARD AS A WHOLE, WERE PERFORMING EFFICIENTLY AND EFFECTIVELY AND SHARED A COMMON VISION TO TURNING ORGANIZATION GOALS INTO REALITY. |