| PURSUANT TO THE PROVISIONS OF THE COMPANIES ACT, 2013 AND RULES MADE THEREUNDER AND AS PROVIDED UNDER SCHEDULE IV OF THE ACT AND LISTING REGULATIONS, STRUCTURED EVALUATION PROCEDURE WAS ADOPTED AFTER TAKING INTO CONSIDERATION THE VARIOUS ASPECTS OF THE BOARD’S FUNCTIONING, COMPOSITION OF THE BOARD AND ITS VARIOUS COMMITTEES, EXECUTION AND PERFORMANCE OF SPECIFIC DUTIES, OBLIGATIONS AND GOVERNANCE. THE PERFORMANCE EVALUATION OF THE INDEPENDENT DIRECTORS WAS COMPLETED IN TIME. THE PERFORMANCE EVALUATION OF THE CHAIRMAN AND THE NON- INDEPENDENT DIRECTORS WAS CARRIED OUT BY THE INDEPENDENT DIRECTORS. THE NOMINATION AND REMUNERATION COMMITTEE (“NRC”) HAS LAID DOWN PROPER CRITERIA AND PROCEDURE TO EVALUATE AND SCRUTINIZE PERFORMANCE OF THE CHAIRPERSON, EACH EXECUTIVE, NON-EXECUTIVE AND INDEPENDENT DIRECTOR, BOARD AS A WHOLE AND ITS COMMITTEES. THE INDEPENDENT DIRECTORS AT THEIR MEETING HELD ON FEBRUARY 12, 2024, THROUGH DISCUSSION, EVALUATED THE PERFORMANCE OF NON-INDEPENDENT DIRECTORS, THE BOARD HAS CARRIED OUT ANNUAL PERFORMANCE EVALUATION OF ITS OWN PERFORMANCE, THE DIRECTORS INDIVIDUALLY AS WELL THE EVALUATION OF THE WORKING OF ITS AUDIT, NOMINATION & REMUNERATION, RISK MANAGEMENT COMMITTEE, CORPORATE SOCIAL RESPONSIBILITY AND STAKEHOLDERS’ RELATIONSHIP COMMITTEE. WHILE EVALUATING THE PERFORMANCE, INTERALIA, THE FOLLOWING POINTS WERE CONSIDERED: I. PARTICIPATION IN BOARD MEETINGS AND BOARD COMMITTEE MEETINGS. II. MANAGING RELATIONSHIP WITH OTHER DIRECTORS AND MANAGEMENT. III. KNOWLEDGE AND SKILL I.E., UNDERSTANDING OF DUTIES, RESPONSIBILITIES, REFRESHMENT OF KNOWLEDGE, KNOWLEDGE OF INDUSTRY, ABILITY TO LISTENS AND TO PRESENT THEIR VIEWS. IV. PERSONAL ATTRIBUTES LIKE MAINTAIN HIGH STANDARD OF ETHICS AND INTEGRITY. V. STRATEGIC PERSPECTIVES OR INPUTS REGARDING FUTURE GROWTH OF COMPANY AND ITS PERFORMANCE |