Interest in land and property

Our Directors are not interested in any property acquired of or by our Company or presently intended to be
acquired of it or by it.

None of our Directors has any interests in any transaction by our Company for acquisition of land, construction
of building and supply of machinery.

Interest in promotion or formation of our Company

Except Srinivasan Ravi, our Promoter, Chairman and Managing Director, and Ravi Gauthamram, one of the
members of the Promoter Group and Whole-time Director, our Directors have no interest in the promotion or
formation of our Company, as on the date of this Prospectus. For further information, see “Promoter, Promoter

Group and Group Companies” on page 219.

For further confirmations with respect to our Directors, see “Other Regulatory and Statutory Disclosures” on
page 332.

Directorships of Directors in listed companies
Our Directors are not, and for the five years prior to the date of this Prospectus, have not been on the board of any
listed company whose shares have been/were suspended from being traded on any of the stock exchanges, during

his/ her tenure.

None of our Directors has been or is a director on the board of any listed companies which have been or were
delisted from any stock exchange(s), during his/ her tenure.

None of our Directors is associated with the securities market.
Changes in our Board during the last three years

The changes in our Board during the three years immediately preceding the date of this Prospectus are set forth
below:

 

Name of Director Date of Ghange Reasons
Vijaya Sampath April 30, 2018 Appointed as an Independent Director“)
Kallakurichi Kanniah Balu May 23, 2020 Ceased to be an Independent Director
Chandramohan Natarajan July 10, 2020 Resigned as a Director

 

( Regularized as an Independent Director pursuant to a resolution passed by our Shareholders in their meeting held on April 30, 2018.
Borrowing Powers

Pursuant to our Articles of Association, subject to the provisions of the Companies Act 2013 and other applicable
laws and pursuant to the resolution passed by the shareholders of our Company on April 30, 2018, our Board has
been authorized to borrow, from time to time, any sum or sums of money, as may, in the opinion of the Board, be
required to be borrowed by our Company notwithstanding that the monies already borrowed by the Company
(apart from temporary loans obtained and/or to be obtained from our Company’s bankers in the ordinary course
of business) will exceed the aggregate of the paid-up capital of our Company and its free reserves, provided that
the total monies borrowed by our Company and outstanding at any point of time for the principal amounts of loan
borrowed (apart from temporary loans obtained and/or to be obtained from the Company’s bankers in the ordinary
course of business) shall not exceed the sum of 2 15,000.00 million.

Corporate Governance

As on the date of this Prospectus, there are six Directors on our Board, comprising one Managing Director, one
Whole-time Director, one Nominee Director and three Independent Directors (including one woman Director).
The Chairman of our Board, Srinivasan Ravi, is also our Managing Director. Our Company is in compliance with
the corporate governance requirements prescribed under the SEBI Listing Regulations and the Companies Act
2013 in relation to the composition of our Board and constitution of committees thereof.

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