Date28|1)23

Casubosate GoveHnanCe Kalnat Maa

1)Cafonate Govekmamco Cobatate 90venamce COncaim

wth Cxeu cese 0f pouw ey un Coapoxate eni

The DECObMoufdes a unctHeual' deinnitè q
, as COibanate goveMnaee is the sygtem by
buaeneks aHe olehectecl g0
Corsouatens
Cenhoileol. the_Coborate goveunamcestuetAe
Apectieshe ostibut"end tgAts ancl >apen
-tbelHes amng patieip.akts t h e Cempamy
Such a bbaolsCRAD) mannag eHs&
sraeheloens amol othe stakeheldexs alhol sbetls
olcisAm
Lut the ules amol MOceolusres Jan mokig
Cbouate emtites.
th3 t also poaldes thetHuetuse though
Bydosng
the Compamy
he bpectes are set- a r d the
the
meam atainih hose 6eckiesamdl
merItonig pe4 fonodece

S¬BI Committee-e ebasut of SEGT Cnsids 0 n C

oeues as The Conboiate acceptamces byL
gvennce
of theldattnnalle sights of shaholdes
asetue
a se Owmey of the C04 bOsafon amcd of the
Dwn ole. mbehalf of shaucheblen.
absut Conomitment o Values, ethical 6usuess
Cenoluct amel ocbAut mokiing ollstinctbn blw eKmal aml
Cobotode ucls is the ananagenat Mgmt) Combay
 Scope of cspoate govenance C folloc
Coveus he follou

unehenal aHeas

PHebruatun of Combanfes handl stottmet -Esamiol

totemedts haulsl e uebaueol wthout anp
h t s inaneiaul taterhets.
ol Lesecl 4mot hen pauopes vestntat uiu
mot be olene

* Irtetnal Certuel aolitudepenclarca of ertitPA audis

BOp Quolt cormni ttie. nmanag.emert amd. 0theu uelarol
Jndncol Combdearcss of loams.
*PHeaeu 0f Combensate asttarngement pa CEO amcl othay
senubCxeties By 0ay of oletmuning ash
arel men- Cosh apmtt k e
khoud be poycable o
haueskemuma aon
beOBNMgoe ond
6end

e lhe uony wA¢h indtiulctuols nOminotecl orRe

boaion Of the bookd
The Meswces
maok ONal lable o
a t hoH. duties AHCCHOu8 n Casu

ONeusight and amagemet ofuisk

 Date24| 23

Cosabonate (yovunomce Kahat_Moam

stkehalcaus wAo sielated. wih loroanies

Necl o CpoNate joveinamc

1. To be oud amd tansbavet the shaheholslons

2To OttHact amd uetah best human Capital

3. lo Juve in hotmemy_with the oromumiy

4. To paumuu
uM_wslth Vencleus

5. To ONeHLne ehial_ollema annel Lenouetot

buness.
OpoHate yoveunaree isCen Councel uuihi

_ h 90NCHnig amal Hegulakg 6ocly eg:-SE GI

Boasel of doiectous

* Managlmirt Tob). Co, CEo

0

*Ofhe atakeheblexs Subbliena, (s, inveAtors,££ et)

ShoehAldeus
 LAhatiens Ot (oobosade_Gyoveunance

1 Obgcotehs Soaehy

txmaHu eolucatons

PMOieluag eolucsh&nad acilERes

ueloluq agerieuiHes
*_NonMen educatims
* tfeculth
mol SantatHon

Paotechion of nAeunmevt
* Covectn cg humam CapabilHes
*
ung,_meollcal fa &iHs to uwtoul aMeas
 Decte 3o 1|25
Kaf nat Maan
Obligatieus to &thke.holelens-/shavcholleu
1.Mamagement shoulel.
pououe Lufftiemt amd uelevat

nsoxbdatio in +ne/ tauu paHeMCy

should erncouHage share holdens
aMnual gmeual metngs amo. wekq

uf{ient dnfdernd
or
shaxeholdas Lhusel get
HeLfclua w Re Cenpamy.

4 Mnasit shae holders shoubl le pIotestes aqodnat

e obedakin of laygeshaseholdess.

n d abneisn the 6jeHatin

5. CnsuHe amsLHAMcy
0f e Cembany-
0 btanol inage kizh_ of th
6 6.keep the HeputaLu
investMets.
Cendpamy, etan
7poblems
the QCeidnces of the Cepajs,
equitable ttatndetE al haveholdets

3: blhatinsC b l e s

1. dheHe sAauld. be fad ennblsument puactHces

E q u a l Oppoukunities
 . Humame eatment

4 pafcpaton

5. Emkowement
collabatatire euuoyoument
6patRcipatie amc

L0Opeuate_4ae4nance 64

Systeun of nterastng a nten

4 4 t m s a quaup
that act acceksylieg a aset
-uelated elements U
0fules o t m u i Rd whoe..
influeeedbyi K nuiyUPRt
AUuumoecl amel

oluulbea by- itstoundaudes dhf ch 9ues

System
Atute
punpase s exbiess n sunctonim

M0okeNate oveunamce AtTm shecifesthe ollhbutien

0f lpights andHesplonsis (Hes omnmg offexnF
stoke.ko Auch
heddesit Aþells sut he ules&
ducuen nakag LpeHate a j a s
 Chett
ChedkeE
m u u a l check
t vaPdes am_ efLechR-e me chanim 0f
Coopeate b o c u
amd balances Qmong9 the
Dote: 31/1/23

Ot Coxbalate qovenamCe
atain puonin e n c e
dhetem CobaAate govemame. has the code
atey
panRculaup 118speciatl
elsued by he
actuministHatiii
Col outt
C m b a m y Chayacteuisal CgubOHate.
heCadlbuy- teßort ramcfal aspets af corposate gov
oveumme Ke £ s a e w o u K bu uwki6
d s
Os+lbated in 1992
and Conteiollecl
0gamizatens aMe Co0udirated

CObosnnte
NOuLou 2t JegaL ame uDLOf
LOVeunlnce

incdependence and a f o olecades a£tey

nde penolence
aLaiafors caMbeuate ln+ies oeue
Coloniak gcitéLines and a lauge
boumd bu
b Aanioles
Omd gidelne lote
pouton
dfttated accdaroltn To (Kes U_of builtheu
 nacted n 1886 Qmd
*Cenbanies
1882 1980 1932
Os arended in
actneushp at LOas emactedin L932. dh3 pexfod
Wos am ea o f msusea6ue of uesouMces
of e s 06loHohb4 managm beaL7
amd shuning
umbotess7ahal U6905itOTEhip
because01

A ndebendeC
heve u0as ntevest_omng
nclustialat fopao duchbn
ms o Vhich he
of aJot of esetfal U

olfttoteh Ya buices.
QoveLnaet iveted ano

the deselepmerit sefup

h
of cteif Commission
tled @ndbukes
Osno kenwu of trcdushial Cost
SrolustieL oeselepomert
fotKe eqcl Aysten _in 19sts
iotuduced
0 f hcann lndushfes 1910s-miols a
e e o f settinA
t a l cost dockuriting
Uactiufes nctuduäg Cost
Volumne amd Cxaminot&n

Omia4 0

Mhis ime Jnodia has been oked pon olAnglp

ut aAodatons ind OganfzationS loorldude
Lwit the obece Of okkiag a y t o otabed
 Mealis Ang the need fo
To makeHhem globaly 9ovenameL
Cmpettire a no. 0f oCcasfans
onctel acdvamcemeyt of cosfaate
G0amance
he unclametoul OclnistraHons Oas
pHoboSeck by ChOmbeu of n cuustes in1988.
IKefOmatian n Co9LpOMe Qovelnlon

he St hace of nola's CoLpOHate Qovetnamea

elosn 1986-008
locused at matag auclit lonnparie Onol boaxds
mOHe cleteralet, ocsed ad powefal

touson Ahaueholdeus InclucterginstituHonals and

he hancholdesives toks

4 oas dore i h the help of Ninfst2y f

CouboMcute acuins mol S£BI6lauygnbatai
ules.

xCIT (Chatmke Inran nduutes 2996)29a 1996

CIt took the ist nthtuenal cemmitte n he
Jncltun mouutiel byCOKpOaÍe 20veinamce.

he am a s Honaote. amd develop a Casit

o COmbaies be dn puslie paote geeth4,
 &nancsod nattuttous oH bamks, aul he
Coboite

he ConCetn0as e qatdirna eCuwity of.teast

of nlestosu estedoukt e Amau nvesdouby-
emcausgemet amd 91omORon Of fomapeneonty

Neccesity o ßuoceed oucauds iotonational stendauols

of dlesutelof nomaRe by CoAHate_bodfes
he_lna olatt of e cove Os roust lotuduce
b s i l 1988
KebotOf Kumu ManalanQ F CO3Lput JaWeua
he um 00 o uouick. HeLOmmenodatfomg
nscle Aadin9 t o deuue heirteuut of Investos
he Augg esHong
he nssted On he
tsted.compaes h
nRaldmol centinuiq-dclosue ts fhm Apeä td
clote. tkuough the lAtLhg aguecet
He ombamlesLOeNC _macle to disclase thee
Onnua tepout,a
uepor+ 0f Corborote 9oveHn ome
he eeties O s mabe he
Ahauchaldeus to
Knou Lhaue the embanlesAtomd 1h s4espest
 speci £ic loltfaes taken v cnsHE Mobest cospoate

gOvernance
Clase 49
he COmbay make sugqesHo ns
suggesHons Helated to
Melated
PpeHc
HC audi
Const1tutHons
OnstltutHohs amol JuncHFon o 6oad
S EBIHeduce Us
COmitHes kos his Buupase ecoenolakdha
bContoatS to octude he
On CoIDOrte
Kebosut
Manclq Cmittep
Cmole ocle_Moch 2001
Compauision byo gnolfan lotethatenal Jovenauea
ord lobsiovment of suggesHons pHoicecd)

CLPLect bank
kepout of ConsuLtake Aap o
LApecil2001

R8I t o Hevies he aduisou

t_ons constude
0f boauds ofbanks a n d a l hstshaBons ama
acHlefes 64 boand Leuce com
to
to 9e
get eol bac o n
+0lsbeudncy, EclosaHe, Cuel Coniitee ec

amol aeLkions o embhouts sîz the

ooud of ore.ckous Wh a pMe pespeche to he
dnhyate the SK.
lo Ummbuue Nehnamce KtandaMols
To uhdody e ule Of mebendence dikeeto, Melatcol
bautes k wamagemend ddicetOuship and dhcetod
Cembansalf,code 0- n a l dbclosuwe

Naxesh Chand.Cemmitti ths 2 Hepast of Comitka

0f eaulatieu s a t e cempamits Oml finediw
 need 0as
Due h n wease 0f toovate secto Comparies
Jealkes. Jo AUis the Jossagain.
nJam 2a
dhe9ovenMeitt_eri tuteol he h i COmmittun u i e u M e t :
Cmunes SCtHC ano nional eguulatny

Man fuus e
1 Conpodes Act 11%
Pouenens hp Act 1132

au 9 mmdhmevt Mwthi lOmmitte

HeSuLt of muutti Hebo

Chanqes made. n ChuA s a
to
which intlucledl govenarcKe Hequuements i t h espect-
Confenex boad audit Conmpaies Aharehsldey

Psclaswe CEo,CEO CoAcatin of isteunal lontaollk.

nd SH0qe Dt_CO9paIne 9oVeInanCe

ACan

*dfonfcant shock 0as exbeehe nqamuauy 20o9

wih olawmaging egtulatnòni abat boauol ylts
Osd colossal Aaulels in pinanial A Aatyana
he Satyan ndal denved as a catalust
a indin govt ta ethink he Cposte
gbvesasce, oliscioswe,0ccsutAIHA Cnaol emforceme
irechaatm d l place.
 Jn his ebaut CII emphasizs te umfqu matne
ot datya Camdal

Leqcu omeosk_OnCOsbOsate govenp

(say nctucle in hia eu
he Cemnpamies Act RO13

tConsConsst of_law pHOLiipm Cencinng

boHd
he cons?tutien 0f_boaud, boaHol puotese,
meetng irclepen dent deectaks, auclit conom
pauty TMamkactions , discluswe
gpmual metinq8,
uequintmeanl i0AadncloL Attements.

S£BI_ uidelne
a a goventis4 outhouthy hang ho juiltHon pouey
OVeu the liste CempaYies
tssues guulations, ulu avol gruicletihes to
SVeshas
Cenbaaie toCemdwe the pa0ttetiom a

Ltandaud Jrstng ag+1eementofK t o ck exchomges

4oH those Companies whd &hates tEe
to of AtoRexchoiges

Decaumtng stomdaucls SSuual by he fnsHue by

the CA.U U_of nca
 TCAI % am ndependet obodts ohich issues a
Companf &tandals puiolua ufolalibnss
eoiston of dsctoswn of fbmiol

Jn Act 013, KCcHo 139 o

COmbandes uides he
ieu 0f
homdall &tatemert would_ qar a fcto
th tate 0f afabs theComb amies3
amdouds umoleZecfi
ascolisadeng.
D133
ashtie
secketCLtlAtonolauds sSuel by he
O Cenapasies seche toa o4 JHolih
secactaial stnndauds m mea*g
has 2sSueol
boarelof dscHIA ase

1 mite oA olnectoHs

22 Cemanah Maoia
 the Seb? has aide ol. he quktelines o fotect he
shaeholdeys he erbblens sharcolaal
by&honholdeus
ots cosute d pousn 0 body CopoMate whose
shaveho lotg puces 5 / h hold hastouslicly
oLesclose h to he Melovant stock exchary e kebi

Tiage SEA ARLfaly sbecifiecl a 10/, tiage.

pue is he bete tohith uyau upu o
SCuoHck4Lecomeul ackintoH erecubfen a t e
exhamge Ketu M 9cquuyes shauehololigs
cuoss 10 he has to make an open o f e y o
otfeaxt aM extka 20% 0f he haués

Mininnuun 0ffen puite such puslR. othos

must C a y a l mininunn h u i hhich he
UNEHOAeof He mat ket Rc Jas

ep ping OcquicR Axistinggat alloa6to

Cdlaehte s hololings he decdnolay manket
Long Adurch acqdiLitio does n0t aually eecuol
2 hehe ahaHes

CD0S_ o emswes hat he dakeces bi ue

Kesdosthene has To be amesuao araund
Which the_acquoakh oleposit2Si o Lhe
Nalue. o otal oiel bEl.
 dn esdHOO sam Conttochal Hangewat n wRich
Merenes omod olis Cwmses Nrene- oS

4a he bsdmany asacHiA
dpmden+on. Coucliteus aopte o busu LtantacLM
ahRes
Takeos meg ous he
Cencims mustgo thsnough
o-f hein S1es pe ch OD
Secru apfsoe slp
he
Apbeit yalue ns Jo aleng aluoteu md
shaMe dawap atio

Stewne abpsroval hor &honeholdeus

Get obprovals om KIph to: (wt ar the aangmentE

01 mma s_ amol demendes.

Ahantholden phofechbon
w u c a l bCoz of he expnopafen o f n i A
shonekol.des y the cemtholliyg3haneKaldes

hemn y shaehd dey s notpically Shvolrol t h e

day ta-ola ohenatfons of he conßeny Aeles on Cnfral
bhs to-peotett thc inteast
hge_bhes Lm.clvtcle he Cnpan
Enpleyce) is_ exeCuke_ol hel BoDs
 BoDs aye electeol bu shaehaldoa he cempap
ncd take V
ones arol qovolm the MMg
COnpavate olecisfer on heI, kehol s a 1esuLt
the ko aHe. Hesbenstble Jon MdtecHiA Onol
MAMa9g
shoekddou senust m Cep ny
he 0tecHen 0f Shoeldolens Cam bedohe
mioGA

1 p10te ctdn wndn the. comnaon_ la

2
p 6 s i s Cemfoandes acf 2013

oteeht umoln Hhe_omon 1a- Yve aHe Ata i acs

LOlich o maiokhy_fdhonekololes Cam appito e
the act & Ueaallap oleue
Len
Lenoluct of magaty as1st ofpnauol an ndhoH

Cnpany ds dsng amy act_m Cms/steuce w)h

he laukcles

the ac be done Hequ&res especial sHesolui6n.

4 thoseu brcech of dat

tctetempanity a 13-
 Dae 623

JndeuCnbamies 2013

VefaAfe of class. dghts

Se
the Cabitne olRfoleo tto dPAeAent tyyoes Of Shovres o
h
i menhemeol n i t o r t ot Assoddoton
Compakny
hat autotaHern of 9g&t of Ahatehololes 3 STbe
hat
but m whem ascina pe cio Hesoutton
hot class nd ne haneloldles hanhg As
o v o t beno ey. Veiaieoy
Coondubanitt an opplu _Cin He Conto1 He Conl|
aKon of VdaKoh umdn Jec 6 Of act

JnsKgaten b y e t 9a0u unolen sechen 9.(10)

ComtralVqo asol
the
hane ta "auntWity to ophoit XhspWots o
Xhveshgabon a Ases

o l o nStc 208
inRmaHM
thsptteatier of Apral 1esalukon -pa Seel b4
Cnami thodt the_okais ot Lho Companyalla
s eN Xnves hgoleola ublic Asteuos

7Aceme oE LAnAt HucAOn av amala maffen

A dno shameholde4
hat the swmis eomtkuaiond atgnu.
 Owolepteel by he Combammg mot m Woy can
Hen intexast oy Cam
He nakolpl cemparry Aaro iburaatg
us' that the schone u not ho oppnesstvdy ntel
cLgoint unoty bhaneholdch

Opessieon nd ote mgat-

my momber o-L Ho onpom y h t h0 affo
o Lecobcmy, O1e aqoirvt blic itousj, e
Con slmol oppmahianolCenpomylav Asubeuma
legaiclusg An isso that has aistM
Aic: 13, S8, G6, 232 ,242321,340 Co1e GMe o
he he posiens to bhOttctalhtty dntost

(seiveace 1Aduess af of shoe holdeus

he me thocls neBcbues.al 0f qbyaces of
agafnstAtk brokona
When a comblaiut JenehidAodged ulth He
tatk e kchamge _authotites hey
inssAerude setl dukith L s He Cemplai o
o Ke BelHe K
lAmpdawht noltnol a Aply unhn 1olays.
helply nut
SlTSacoiythe mettol à_phctobee he
dnMDns Qelevoe_ledliessal COmttee IGRC)of
 the_ConpAannts, he bcokos
es Comitke heoon both
do&oMe
he mottoi arta
Dmol e t s ane maole awbskoatin wlh
wheybD
whehDo AEA 2ettoreod brr
ua1cyF. uoltial pHods
0btitato appsiteol the
s sole
hamSAakh. o clams ab0ve
Aome fo Aeas ebPtooto ae apboteol
S lakha a hralel_o 3

Compaind pon agalut e

le an0pheal
Aaaebed pouuty COh pepobate
avu)Asotkun
gteno by te
Cuagonet u ) Code
KeNkca Celuu socp eXChange
Cp-devocogai'stol
0
uCK
Cell investn
exchomgeyhas e t
estalis hie
t_ He qvarrA
a l l t reobncss
H MvetoSuma
Compannfes mel mimbu th
CmpAoit cLgcuint
Aotk eyO-eak S u e o s o k s

both olace amol Bsc hanr hch own qevanl. U

measus token_ly dnuestoAAuNte Cel-

Oke

1 CalUg_Ceapiuy lpustntaH
t he, oek
ey Chea N fo
teactlen

.Callg 1egcstHan_0oldomsfon o 9 t Ke
SHoCk dkehemae
 Jeleases
Jssub motkl phcs
dssug
As tung Con panle agaumt o makimm
tOp QS
ApAol+ aiepenotug o1 e o u n hs ouso
Aeleasel 0n 1 webi les o4 the eyehounges

InSn_Cose BSE tCorn osue

BManbal Lastcl om

o depteD heG hepstesemtothes t toke up he

penou SD Cembaie 2 s l e them uhoE
dolo