APPOINTMENT OF INDEPENDENT DIRECTORS

TERMS & CONDITIONS FOR APPOINTMENT OF INDEPENDENT DIRECTORS

Appointment of an Independent Director is subject to the maximum permissible Directorships that one can hold as per the provisions of the Companies Act, 2013 (hereinafter referred to as "the Act").
The term 'Independent Director' should be construed as defined under the Act.
The appointment as an Independent Director will be for a term of five consecutive years, unless terminated earlier as per provisions of the letter of appointment or applicable laws.
Re-appointment for another term of maximum period of five years at the end of the first term shall be based on the recommendation of the Nomination and Remuneration Committee and subject to necessary approval(s) of the Board and the Shareholders.
An Independent Director will not be an employee of the Company and the letter of appointment shall not constitute a contract of employment.

“ No matter how
small the item, the delight of finally
manufacturing the
product is a feeling
that perhaps only an engineer really knows. ”

Soichiro honda Founder, honda motor co.

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