FAMILIARISATION PROGRAMME FOR INDEPENDENT DIRECTORS

Preamble

In accordance with the provisions of Regulation 25(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company shall familiarise the Independent Directors through various programmes about the Company, including nature of the Industry in which the Company operates, Business model of the Company, their roles, rights and responsibilities and other relevant information.

Overview of the Familiarisation Programme

The familiarisation programme for the Independent Directors of the Company is designed to help them to gain a deep understanding of the Company, its stakeholders, senior management, operations, policies, industry perspective and issues.

The Board including all Independent Directors are provided with relevant documents, reports and internal policies to enable them to familiarize with the Company’s procedures and practices from time to time.

The Company also provides an opportunity to the Independent Directors to interact with the senior leadership team of the Company and periodic presentations are made at the Board and its Committee Meetings to help Independent Directors understand the Company’s strategy, business model, operations, service and product offerings, markets, organisation structure, facilities and risk management and such other areas.

Independent Directors are promptly apprised on relevant amendments/changes in the applicable statutes to enable them to ensure compliances thereof.

Each Director of the Company has complete access to any information relating to the Company. They are given all the documents sought by them for enabling a good understanding of the Company, its various operations and the industry segments of which it is a part.

In accordance with Regulation 46(2)(i) of the Listing Regulations, following are the details of the Familiarization programmes conducted for the Independent Directors:

S.No. Particulars of the Programme during FY 2019-20 Name of the Independent Director
No. of Programmes Attended
2019-20 Cumulative
No. of hours spent
2019-20 Cumulative
1 Key effects of the Composite Scheme of Arrangement (Demerger) between HSIL Limited, Somany Home Innovation Limited and Brilloca Limited duly approved by the Hon’ble National Company Law Tribunal, Kolkata Bench Mr. Ashok Jaipuria 1 1 1 hour
30 minutes
1 hour
30 minutes
2 Mr. Nand Gopal Khaitan - - - -
3 Mr. Salil Bhandari 1 1 1 hour
30 minutes
1 hour
30 minutes