Regulation 25 (7) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 requires that the Independent Directors should, inter alia, be familiarised with the nature
of the industry in which the company operates, business model of the company and their roles, rights and
responsibilities.
Induction Programme
At the time of induction, the Director is briefed on the overview of the Company, its vision and mission, the
industry in which it operates, its business, strategies, risk management, organisation structure and other
areas of relevance which the Director is required to be aware of. Various declarations and submissions are
obtained from the Director for disclosure to the Board. A detailed letter informing the terms and conditions
of appointment, stating the roles, rights and responsibility in line with the requirements of Companies Act,
2013, is also provided to the Independent Directors.
Familiarisation programmes during FY2022
During FY2022, various presentations were made at the Board and its Committee meetings.
Independent Directors in their capacity as members of various Committees of the Board are
taken through presentations on economic outlook, new business initiatives, updates on information
technology and various risk indicators.
At the strategic Board meeting, the Independent Directors were apprised about industry and overview,
historical performance, key focus areas, compliance & risk framework, trading strategy, emerging opportunities
etc.