2) Statement of significant related party transactions (as defined by the Audit Committee), submitted by

management;
3) Management letters / letters of internal control weaknesses issued by the statutory auditors;
4) Internal audit reports relating to internal control weaknesses;
5) The appointment, removal and terms of remuneration of the chief internal auditor; and
6) Statement of deviations in terms of the SEBI Listing Regulations:

a. quarterly statement of deviation(s) including report of monitoring agency, if applicable, submitted to
stock exchange(s) where the Equity Shares are proposed to be listed in terms of the SEBI Listing
Regulations;

b. annual statement of funds utilised for purposes other than those stated in the offer document/
prospectus/ notice in terms of the SEBI Listing Regulations.

Nomination and Remuneration Committee

The Nomination and Remuneration Committee was re-constituted pursuant to a resolution passed by our Board
on August 9, 2021. The composition and terms of reference of the Nomination and Remuneration Committee are
in compliance with Section 178 and other applicable provisions of the Companies Act 2013 and Regulation 19 of
the SEBI Listing Regulations. The Nomination and Remuneration Committee currently comprises of:

1; Dinesh Madanlal Gupta (Independent Director), chairperson;
2. Srinivasan Sridhar (Chairperson and Independent Director), member; and
3. Rahul Saraogi (Non-Executive Director), member.

Scope and terms of reference:
The role of the Nomination and Remuneration Committee shall include the following:

1) Formulation of the criteria for determining qualifications, positive attributes and independence of a
director and recommend to the Board a policy relating to the remuneration of the directors, key
managerial personnel and other employees;

2) The Nomination and Remuneration Committee should, for every appointment of an independent director,
evaluate the balance of skills, knowledge and experience on the Board and on the basis of such
evaluation, prepare a description of the role and capabilities required of an independent director. For the
purpose of identifying suitable candidates as an independent director, the Committee may:

a) use the services of an external agencies, if required;

b) consider candidates from a wide range of backgrounds, having due regard to diversity; and

c) consider the time commitments of the candidates

3) Formulation of criteria for evaluation of performance of Independent Directors and the Board;
4) Devising a policy on Board diversity;
5) Identifying persons who are qualified to become directors and who may be appointed in senior

management in accordance with the criteria laid down, and recommend to the Board their appointment
and removal and shall carry out evaluation of every director’s performance (including Independent
Director);

6) Analysing, monitoring and reviewing various human resource and compensation matters;

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