STATEMENT UNDER SECTION 166(3) OF THE COMPANIES ACT, 2017

AGENDA NO. 5 – ELECTION OF DIRECTORS:

Any person who is eligible under Section 153 and meet the criteria under Section 166(2) of the Companies Act, 2017 and the Companies (Manner and Selection of Independent Directors) Regulation, 2018, may submit his/her nomination to be elected as an independent director of the Company. However, it is noteworthy to mention that independent directors shall be elected in the same manner as other directors are elected in terms of Section 159 of the Companies Act, 2017. Final list of contesting directors will be published in the newspaper not later than seven (7) days before the date of said meeting in terms of section 159(4). Further, website of the Company will also be updated with the required information for each Director. The candidates are requested to read the relevant provisions / requirements relating to the Election of Directors, as stipulated in the Companies Act, 2017 and the Listed Companies (Code of Corporate Governance) Regulations, 2019, the other applicable laws and regulations and ensure the compliance with the same in letter and spirit.