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Familiarisation Programme For Independent Directors

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DETAILS OF INDEPENDENT DIRECTORS' FAMILIARISATION PROGRAMME

 

  1. Schedule IV to the Companies Act, 2013 read with Clause 49 (II) (B) (7) of the Listing Agreement provides that the Company shall familiarize the Independent Directors about the Company, their roles, rights, responsibilities in the Company, the nature of the industry in which the Company operates, business model of the Company, etc. through various programmes.
  2. The Company has put in place a system to provide the Independent Directors an insight into the Company so as to facilitate the Independent Directors to understand their roles, rights, responsibilities in the Company and get updated on the business and operations of the Company and contribute significantly to the growth and progress of the Company.
  3. All the Independent Directors are made aware of their role, responsibilities and liabilities at the time of their appointment/reappointment through a formal letter of appointment, which also stipulates various terms and conditions of their engagement.
  4. Updates on relevant regulatory changes and new developments are presented to the Independent Directors from time to time.
  5. Detailed updates on the nature of the industry in which the Company operates alongwith its business operations and business model, financial statements are regularly provided at the Board meetings.
  6. A new Director is welcomed on the Board of Directors of the Company by sharing various documents of the Company with him / her reference such as :
    • Annual Report
    • Code of Business Conduct and Ethics for Directors and Senior Managerial Personnel
    • Policy on Related Party Transactions
    • Policy on Material Subsidiaries
    • Corporate Social Responsibility Policy
    • Risk Management Policy
    • Nomination and Remuneration Policy
    • Whistle Blower Policy