The corporate goverance is constituted in compliance with the provisions of Section 178(1) of the

Companies Act, 2013 and Regulation 19 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 The Committee is fully empowered to frame compensation structure for Directors
and its review from time to time. Remuneration to Directors is paid as determined by the Board on
recommendation of the Nomination and Remuneration Committee and subject to such approval of
Shareholders and Central Government as may be required in accordance with applicable provisions of
the Companies Act, 2013 relating to managerial remuneration. The Company only pays sitting fees to
Independent Directors and Non-executive Directors for attending meetings of the Board and
Committees.