COMPANY'S POLICY RELATING TO DIRECTORS APPOINTMENT, PAYMENT OF REMUNERATION AND DISCHARGE OF THEIR DUTIES

The salient features of the Policy is as follows

• It acts as a guideline for matters relating to appointment and reappointment of Directors
• It contains guidelines for determining qualifications, positive attributes of Directors and independence of a Director.
• It lays down the criteria for Board Membership.
• It sets out the approach of the Company on Board diversity
• It lays down the criteria for determining independence of a Director, in case of appointment of an Independent Director.