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Criteria for making payment to Non-executive directors

Extract from Remuneration Policy of the Company

(2) NEDs:

  1. NEDs shall be entitled to such sitting fees as may be decided by the Board of Directors from time to time for attending the meeting of the Board and of the Committee thereof.
  2. NEDs shall also be entitled for payment of commission, if any, as upto the limits permitted in Section 197 of the Companies Act, 2013 and approved by the shareholders from time to time.
  3. IDs shall not be eligible for any Stock Options, pursuant to any Stock Option Plan adopted by the Company.
  4. The NEDs shall be eligible for remuneration of such professional services rendered if in the opinion of the NRC, the NED possesses the requisite qualification for rendering such professional services.