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Regulation 25 of the Listing Regulations, 2015 requires that the Company shall familiarise the independent directors through various programmes about the listed entity, including the following:

(a) nature of the industry in which the listed entity operates;
(b) business model of the listed entity;
(c) roles, rights, responsibilities of independent directors; and
(d) any other relevant information.

Regulation 46(2)(i) of the SEBI Listing Regulation, 2015, requires the Company to disseminate following information on its website, i.e. details of familiarisation programmes imparted to Independent Directors, including the full details:-

  1. Number of programmes attended by independent directors (during the year and on a cumulative basis till date),
  2. Numbers of hours spent by independent directors in such programmes (during the year and on a cumulative basis till date), and
  3. Other relevant details.


Note on Information on Familiarisation Programmes for Independent Directors pursuant to SEBI Listing Regulations, 2015

Pursuant to the above, information for the year 2017-18 is being disseminated as under:

The Company undertakes familiarisation programmes for the Directors, on a continuous basis, about the operations of the Company and other details from time to time, inter alia, as follows:

Directors were informed about their roles, responsibilities and duties under the SEBI Listing Regulations, 2015 through Board papers and appointment letter given to them.

Discussions were held from time to time on major developments in the areas of the SEBI Listing Regulations, 2015, SEBI (Prohibition of Insider Trading) Regulations, 2015, Companies Act, 2013 and NBFC guidelines.

The Company conducts additional Board Meetings in September and March to apprise the Directors on the detailed operational aspects and business of the Company.

  1. Various presentations are made from time to time, on different functions and areas by the Senior Executives, Internal Auditor & Statutory Auditors covering inter alia the business of the Company and those of its subsidiaries and associates.

As and when a new director is appointed, as part of the process of induction, the Company has the practice of familiarising the new director with information on various aspects of the Company, including the following:

  1. Company's Code of Conduct for directors
  2. Annual reports of last three years
  3. Company's Insider Trading Code

It may be noted further that the independent directors of the Company being persons of great eminence and expertise are already well conversant with the business and functioning of the Company, as also with other aspects referred to in the above-said regulation. Further, considering the variety of programmes conducted for the independent directors as set out in the previous paras, the particulars of number of programmes, numbers of hours spent in such programmes & such other details of familiarization programmes are not being provided separately.

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