Corporate Governance

The provisions of the Listing Agreement to be entered into with the Stock Exchange with respect to Corporate Governance and the SEBI (ICDR) Regulations, 2009 in respect of Corporate Governance, would become applicable to the Company at the time of seeking in-principle approval for listing of our Company’s equity shares with the Stock Exchange. The Company has complied with such provisions, including with respect to the appointment of Independent Directors to the Board and the constitution of the committees of the Board such as the Audit Committee, the Remuneration Committee and the Shareholders/Investors Grievance Committee. The Company undertakes to take all necessary steps to comply with applicable requirements on Corporate Governance and adopt the Corporate Governance Code as specified under Clause 49 of the listing agreement to be entered into with the Stock Exchange.